# EDGAR Filing Document

**Accession Number:** 0001683182
**File Stem:** 0001683182-23-000004
**Filing Date:** 2023-2
**Character Count:** 9953
**Document Hash:** 75d5b127f63dfbc2dc0960dc1682499c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683182-23-000004.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001683182-23-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Front Street Capital Management, Inc.
- **CENTRAL INDEX KEY:** 0001683182
- **IRS NUMBER:** 205536966
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17526
- **FILM NUMBER:** 23624670

**BUSINESS ADDRESS:**
- **STREET 1:** 218 E FRONT STREET
- **STREET 2:** SUITE 205
- **CITY:** MISSOULA
- **STATE:** MT
- **ZIP:** 59802
- **BUSINESS PHONE:** 4065410130

**MAIL ADDRESS:**
- **STREET 1:** 218 E FRONT STREET
- **STREET 2:** SUITE 205
- **CITY:** MISSOULA
- **STATE:** MT
- **ZIP:** 59802

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Front Street Capital Management Inc.<br>**Address:** 218 E FRONT STREET<br>SUITE 205<br>MISSOULA, MT 59802

**Form 13F File Number:** 028-17526

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Virginia Belker<br>**Title:** Compliance Manager<br>**Phone:** 4065410130

**Signature, Place, and Date of Signing:**

Virginia Belker  Missoula, MT  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 66

**Form 13F Information Table Value Total:** $398788

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON.COM INC COM | COM | 023135106 |  | 120 | 1430 | SH |  | SOLE |  | 320 | 0 | 1110 |
| APPLE COMPUTER INC | COM | 037833100 |  | 4472 | 34416 | SH |  | SOLE |  | 0 | 0 | 34416 |
| AT | COM | 00206R102 |  | 43 | 2312 | SH |  | SOLE |  | 0 | 0 | 2312 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 4462 | 134716 | SH |  | SOLE |  | 5779 | 0 | 128937 |
| BERKSHIRE HATHAWAY INC CL B | COM | 084670702 |  | 31801 | 102950 | SH |  | SOLE |  | 17718 | 0 | 85232 |
| CAMDEN NATIONAL CORP | COM | 133034108 |  | 143 | 3435 | SH |  | SOLE |  | 0 | 0 | 3435 |
| CHEVRON CORPORATION | COM | 166764100 |  | 1684 | 9380 | SH |  | SOLE |  | 0 | 0 | 9380 |
| CHIPOTLE MEXICAN GRILL | COM | 169565105 |  | 2921 | 2105 | SH |  | SOLE |  | 1995 | 0 | 110 |
| CIENA CORPORATION | COM | 171779309 |  | 6089 | 119446 | SH |  | SOLE |  | 44607 | 0 | 74839 |
| COCA COLA CO | COM | 191216100 |  | 459 | 7222 | SH |  | SOLE |  | 0 | 0 | 7222 |
| COGNEX CORP | COM | 192422103 |  | 44607 | 946877 | SH |  | SOLE |  | 322429 | 0 | 624448 |
| COHERENT | COM | 19247G107 |  | 4488 | 127861 | SH |  | SOLE |  | 66546 | 0 | 61315 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 402 | 5106 | SH |  | SOLE |  | 0 | 0 | 5106 |
| CONTAINER STORE GROUP INC COM | COM | 210751103 |  | 11534 | 2676202 | SH |  | SOLE |  | 1199176 | 0 | 1477026 |
| CORNING INC | COM | 219350105 |  | 11156 | 349285 | SH |  | SOLE |  | 57174 | 0 | 292111 |
| COSTCO WHOLESALE CORP-NEW | COM | 22160K105 |  | 20887 | 45755 | SH |  | SOLE |  | 4152 | 0 | 41603 |
| DANAHER CORP DEL COM | COM | 235851102 |  | 32428 | 122175 | SH |  | SOLE |  | 28455 | 0 | 93720 |
| ENOVIS CORPORATION COM | COM | 194014502 |  | 9440 | 176382 | SH |  | SOLE |  | 67695 | 0 | 108687 |
| ENVISTA | COM | 29415F104 |  | 5055 | 150145 | SH |  | SOLE |  | 137727 | 0 | 12418 |
| ESAB CORPORTAION COM | COM | 29605J106 |  | 8617 | 183647 | SH |  | SOLE |  | 78918 | 0 | 104729 |
| EXPEDITORS INTERNATIONAL OF WA | COM | 302130109 |  | 4381 | 42153 | SH |  | SOLE |  | 0 | 0 | 42153 |
| FAIRFAX FINANCIAL | COM | 303901102 |  | 719 | 1211 | SH |  | SOLE |  | 1186 | 0 | 25 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 22664 | 270486 | SH |  | SOLE |  | 122251 | 0 | 148235 |
| GLACIER BANCORP INC-NEW | COM | 37637Q105 |  | 1313 | 26564 | SH |  | SOLE |  | 0 | 0 | 26564 |
| GLOBAL PAYMENTS INC | COM | 37940X102 |  | 7333 | 73829 | SH |  | SOLE |  | 19805 | 0 | 54025 |
| INTERFACE INC | COM | 458665304 |  | 0 | 179542 | SH |  | SOLE |  | 161975 | 0 | 17567 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1772 | 1677 | SH |  | SOLE |  | 0 | 0 | 1677 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 296 | 2541 | SH |  | SOLE |  | 20 | 0 | 2521 |
| KIMBALL ELECTRONICS | COM | 49428J109 |  | 341 | 162375 | SH |  | SOLE |  | 119731 | 0 | 42644 |
| LUMEN TECHNOLOGIES INC | COM | 156700106 |  | 3668 | 3117465 | SH |  | SOLE |  | 1119349 | 0 | 1998116 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 16273 | 124959 | SH |  | SOLE |  | 22615 | 0 | 102344 |
| MANITOWOC INC COM | COM | 563571405 |  | 6519 | 2604446 | SH |  | SOLE |  | 1289336 | 0 | 1315110 |
| MARKEL CP COM | COM | 570535104 |  | 23857 | 230 | SH |  | SOLE |  | 0 | 0 | 230 |
| MARTINREA INTERNATIONAL INC CO | COM | 573459104 |  | 303 | 52026 | SH |  | SOLE |  | 15414 | 0 | 36612 |
| MCDONALDS CORP | COM | 580135101 |  | 433 | 10033 | SH |  | SOLE |  | 0 | 0 | 10033 |
| MICROSOFT CORP | COM | 594918104 |  | 2644 | 12294 | SH |  | SOLE |  | 0 | 0 | 12294 |
| MILLER KNOLL INC | COM | 600544100 |  | 2948 | 547802 | SH |  | SOLE |  | 242859 | 0 | 304943 |
| MODINE MANUFACTURING | COM | 607828100 |  | 11509 | 77197 | SH |  | SOLE |  | 47402 | 0 | 29795 |
| NATIONAL INSTRUMENTS CORP | COM | 636518102 |  | 1533 | 270831 | SH |  | SOLE |  | 84016 | 0 | 186815 |
| NORTHROP GRUMMAN CORP COM | COM | 666807102 |  | 9994 | 615 | SH |  | SOLE |  | 0 | 0 | 615 |
| NUCOR CORP | COM | 670346105 |  | 0 | 121566 | SH |  | SOLE |  | 21030 | 0 | 100536 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 336 | 9528 | SH |  | SOLE |  | 9236 | 0 | 292 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 16024 | 3079 | SH |  | SOLE |  | 80 | 0 | 2999 |
| PFIZER INC | COM | 717081103 |  | 2773 | 5126 | SH |  | SOLE |  | 0 | 0 | 5126 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 219 | 9724 | SH |  | SOLE |  | 0 | 0 | 9724 |
| ROGERS CORP | COM | 775133101 |  | 263 | 49165 | SH |  | SOLE |  | 143 | 0 | 49022 |
| ROLLINS INC | COM | 775711104 |  | 1474 | 12207 | SH |  | SOLE |  | 0 | 0 | 12207 |
| SB FINANCIAL GRP INC | COM | 78408D105 |  | 5867 | 16205 | SH |  | SOLE |  | 735 | 0 | 15470 |
| SEI INVESTMENTS CO | COM | 784117103 |  | 446 | 7105 | SH |  | SOLE |  | 0 | 0 | 7105 |
| SORRENTO THERAPEUTICS INC COM | COM | 83587F202 |  | 272 | 24000 | SH |  | SOLE |  | 0 | 0 | 24000 |
| ST JOE CP COM | COM | 790148100 |  | 414 | 693767 | SH |  | SOLE |  | 264626 | 0 | 429141 |
| STARBUCKS CORP | COM | 855244109 |  | 21 | 10563 | SH |  | SOLE |  | 0 | 0 | 10563 |
| TARGET CORP | COM | 87612E106 |  | 26814 | 1775 | SH |  | SOLE |  | 0 | 0 | 1775 |
| TEREX CORP NEW | COM | 880779103 |  | 1048 | 290179 | SH |  | SOLE |  | 63818 | 0 | 226361 |
| TESLA MOTORS INC COM | COM | 88160R101 |  | 265 | 4213 | SH |  | SOLE |  | 0 | 0 | 4213 |
| TWILIO INC. | COM | 90138F102 |  | 12396 | 27434 | SH |  | SOLE |  | 21494 | 0 | 5940 |
| US BANCORP DEL | COM | 902973304 |  | 519 | 6289 | SH |  | SOLE |  | 0 | 0 | 6289 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1343 | 19362 | SH |  | SOLE |  | 0 | 0 | 19362 |
| VESTAS WIND SYSTEMS COM | COM | 925458101 |  | 274 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| VONTIER CORP | COM | 928881101 |  | 763 | 232959 | SH |  | SOLE |  | 178937 | 0 | 54022 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 144 | 13158 | SH |  | SOLE |  | 0 | 0 | 13158 |
| YELLOW CORPORATION | COM | 984249607 |  | 4503 | 872749 | SH |  | SOLE |  | 277833 | 0 | 594916 |
| ISHARES RUSSELL 2000 IDX FUND | TR UNIT | 464287655 |  | 543 | 1345 | SH |  | SOLE |  | 0 | 0 | 1345 |
| SPDR S 500 ETF | TR UNIT | 78462F103 |  | 2191 | 871 | SH |  | SOLE |  | 0 | 0 | 871 |
| VANGUARD S 500 ETF | S 500 ETF SHS | 922908363 |  | 235 | 47883 | SH |  | SOLE |  | 8 | 0 | 47875 |
| VANGUARD TOTAL STOCK MARKET ETF | TR UNIT | 78462F103 |  | 333 | 2313 | SH |  | SOLE |  | 0 | 0 | 2313 |

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