Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:	30-Jun-11

Check here if Amendment [    ] ; Amendment Number:  ________
This Amendment (Check only one.):	[    ]  is a restatement.
					[    ]  adds new holdings entries.

Institutional Investment Manger Filing this Report:
Name:			Perkins Capital Management, Inc.
Address:		730 East Lake Street, Wayzata, Minnesota  55391
SEC File Number:	801-22888

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 is understood that all  required items, statements,
schedules, lists and tables are considered integral parts of this form.

Person signing on this Report on Behalf of Reporting Manager:

Name:		Richard C. Perkins
Title:		Executive Vice President/Portfolio Manager
Phone:		(952) 473-8367


Signature:			/s/ Richard C. Perkins
Place and Date of Signing:	Wayzata, MN 27-Jul-11

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 reported are 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).)






		TITLE OF		VALUE		SHARES/	SH/	PUT/	INV	OTR	VOTING AUTHORITY
NAME OF ISSUER	CLASS	CUSIP		(x$1000)	PRN AMT	PRN	CALL	DISC	MGRS	SOLE	SHRD	NONE
ABBOTT LABS INC	COM	002824100	967		18375	SH		Sole		9750		8625
ACCURAY INC	COM	004397105	1495		186675	SH		Sole		87000		99675
ACTUANT CORP	CLA NEW	00508X203	241		9000	SH		Sole		4000		5000
ACTUATE CORP	COM	00508B102	997		170500	SH		Sole		144500		26000
ALPHATEC
 HOLDINGS INC	COM	02081G102	1828		525350	SH		Sole		248150		277200
ALTRIA
 GROUP INC	COM	02209S103	376		14250	SH		Sole		10750		3500
AMERICAN WTR
 WRKS CO INC NW	COM	030420103	412		14000	SH		Sole		6900		7100
ANGEION CORP	COM	03462H404	139		30000	SH		Sole		30000
APPLIANCE RECYCLING
 CTRS AME	COM NEW	03814F205	3931		854500	SH		Sole		592500		262000
ARRAY
 BIOPHARMA INC	COM	04269X105	711		317250	SH		Sole		160500		156750
ASPENBIO
 PHARMA INC	COM	045346103	1541		2370200	SH		Sole		1582500		787700
AT&T INC	COM	00206R102	324		10312	SH		Sole		6262		4050
ATRICURE INC	COM	04963C209	3766		291936	SH		Sole		147758		144178
AVI
 BIOPHARM INC	COM	002346104	1588		1110800	SH		Sole		780500		330300
BAXTER INTL INC	COM	071813109	358		5990	SH		Sole		3540		2450
BEMIS INC	COM	081437105	1397		41350	SH		Sole		23775		17575
BIOSCRIP INC	COM	09069N108	663		102125	SH		Sole		54175		47950
BRIDGELINE
 DIGITAL INC	COM	10807Q205	58		61000	SH		Sole				61000
BRISTOL MYERS
 SQUIBB CO	COM	110122108	1392		48050	SH		Sole		25750		22300
CALIX INC	COM	13100M509	725		34803	SH		Sole		5371		29432
CARDICA INC	COM	14141R101	1609		588261	SH		Sole		338333		249928
CARDIOME
 PHARMA CORP	COM NEW	14159U202	312		70000	SH		Sole		70000
CARDIONET INC	COM	14159L103	1684		317200	SH		Sole		140100		177100
CARDIOVASCULAR
 SYS INC DEL	COM	141619106	6169		423720	SH		Sole		212830		210890
COLEMAN
 CABLE INC	COM	193459302	661		45000	SH		Sole		45000
COMPUTER TASK
 GROUP INC	COM	205477102	1501		114000	SH		Sole		100000		14000
CONCEPTUS INC	COM	206016107	328		28100	SH		Sole		12000		16100
CVS CAREMARK
 CORPORATION	COM	126650100	276		7350	SH		Sole		3000		4350
CYBEROPTICS CRP	COM	232517102	131		13500	SH		Sole		12000		1500
CYTORI THERA
 PEUTICS INC	COM	23283K105	2531		528400	SH		Sole		357600		170800
DATALINK CORP	COM	237934104	1482		213290	SH		Sole		76750		136540
DELUXE CORP	COM	248019101	1000		40450	SH		Sole		24250		16200
DEXCOM INC	COM	252131107	2753		190000	SH		Sole		125850		64150
DIAMOND
 FOODS INC	COM	252603105	763		10000	SH		Sole		10000
DIGIRAD CORP	COM	253827109	844		311600	SH		Sole		133900		177700
DONALDSON INC	COM	257651109	2236		36850	SH		Sole		17170		19680
DOT HILL
 SYS CORP	COM	25848T109	3556		1252190	SH		Sole		530230		721960
DYNAMICS
 RESH CORP	COM	268057106	580		42500	SH		Sole		32000		10500
EBIX INC	COM NEW	278715206	1143		60000	SH		Sole		60000
ECHO GLOBAL
 LOGISTICS INC	COM	27875T101	1012		57000	SH		Sole		37500		19500
ECOTALITY INC	COM NEW	27922Y202	538		200000	SH		Sole		83250		116750
EDAP TMS S A 	SPN ADR	268311107	164		50000	SH		Sole		50000
ELECTROMED INC	COM	285409108	330		100000	SH		Sole		52000		48000
ENDOLOGIX INC	COM	29266S106	3806		409219	SH		Sole		189754		219465
EPLUS INC	COM	294268107	1190		45000	SH		Sole		35000		10000
EXACT
 SCIENCES CORP	COM	30063P105	896		104200	SH		Sole		78300		25900
FAMOUS DAVES
 AMER INC	COM	307068106	1487		148550	SH		Sole		86800		61750
FSI INTL INC	COM	302633102	260		95000	SH		Sole		81500		13500
GENERAL MLS INC	COM	370334104	224		6012	SH		Sole		2812		3200
GENMARK DIAG
 NOSTICS INC	COM	372309104	193		33000	SH		Sole		22000		11000
GENUINE
 PARTS CO	COM	372460105	418		7675	SH		Sole		5325		2350
GLAXOSMITH
 KLINE PLC	SPN ADR	37733W105	480		11200	SH		Sole		5950		5250
GLOBAL TRAFFIC
 NETWORK INC	COM	37947B103	1223		106441	SH		Sole		37941		68500
GLOBECOMM
 SYSTEMS INC	COM	37956X103	2153		138353	SH		Sole		48167		90186
GRAINGER
 W W INC	COM	384802104	945		6152	SH		Sole		3252		2900
GRANITE CITY
 FOOD & BREWERY	COM NEW	38724Q404	135		42082	SH		Sole		333		41749
HANSEN
 MEDICAL INC	COM	411307101	5255		1541179	SH		Sole		875080		666099
HEALTH
 CARE REIT INC	COM	42217K106	513		9775	SH		Sole		5725		4050
HOLOGIC INC	COM	436440101	226		11200	SH		Sole		7700		3500
IKANOS COMMUNI
 CATIONS	COM	45173E105	22		18000	SH		Sole				18000
ILLUMINA INC	COM	452327109	1625		21625	SH		Sole		13975		7650
INCONTACT INC	COM	45336E109	955		201000	SH		Sole		98000		103000
INFUSYSTEM
 HLDGS INC	COM	45685K102	609		281925	SH		Sole		221925		60000
INNER
 WORKINGS INC	COM	45773Y105	1210		145100	SH		Sole		111000		34100
INSIGNIA
 SYSTEMS INC	COM	45765Y105	1522		406767	SH		Sole		235000		171767
INTEGRAMED
 AMER INC	COM NEW	45810N302	3293		341200	SH		Sole		199550		141650
INTERNATIONAL
 BUSINESS MACHS	COM	459200101	797		4644	SH		Sole		1839		2805
INVENTUR
E FOODS INC	COM	461212102	505		126500	SH		Sole		110000		16500
ISIS PHARMA
 CEUTICALS INC	COM	464330109	1963		214350	SH		Sole		144500		69850
JOHNSON &
 JOHNSON	COM	478160104	726		10915	SH		Sole		5540		5375
KIPS BAY
 MED INC	COM	49726K105	113		35000	SH		Sole		32000		3000
LAKES
 ENTMNT INC	COM	51206P109	171		77700	SH		Sole		62000		15700
LEMAITRE
 VASCULAR INC	COM	525558201	471		66610	SH		Sole		25700		40910
LILLY ELI & CO	COM	532457108	1098		29250	SH		Sole		15850		13400
LINCOLN EDL
 SVCS CORP	COM	533535100	343		20000	SH		Sole		20000
MATERION
 CORPORATION	COM	576690101	420		11350	SH		Sole		9350		2000
MEDTOX
 SCIENTIFIC INC	COM	584977201	1467		84000	SH		Sole		30000		54000
MEDTRONIC INC	COM	585055106	684		17750	SH		Sole		9476		8274
METROPOLITAN HEALTH
 NETWORKS	COM	592142103	479		100000	SH		Sole		100000
MIDWAY
 GOLD CORP	COM	598153104	147		75000	SH		Sole				75000
MOLSON COORS
 BREWING CO	CL B	60871R209	872		19500	SH		Sole		9300		10200
MULTIBAND CORP	COM NEW	62544X209	1588		488500	SH		Sole		267000		221500
NAVARRE CORP	COM	639208107	2201		1123000	SH		Sole		366500		756500
NETSCOUT
 SYS INC	COM	64115T104	851		40750	SH		Sole		34250		6500
NORTECH SYS INC	COM	656553104	177		45500	SH		Sole		34500		11000
OCULUS INNOVATIVE
 SCIENCES I	COM	67575P108	747		406232	SH		Sole		236909		169323
ONCOTHYREON INC	COM	682324108	6083		661966	SH		Sole		437400		224566
ORION ENERGY
 SYSTEMS INC	COM	686275108	1298		330154	SH		Sole		154854		175300
OWENS
 CORNING NEW	COM	690742101	698		18700	SH		Sole		9000		9700
PATTERSON
 COMPANIES INC	COM	703395103	1459		44350	SH		Sole		21550		22800
PENTAIR INC	COM	709631105	910		22542	SH		Sole		13667		8875
PFIZER INC	COM	717081103	1814		88081	SH		Sole		33031		55050
PFSWEB INC	COM NEW	717098206	773		168500	SH		Sole		138000		30500
PHARMATHENE INC	COM	71714G102	1386		471300	SH		Sole		316600		154700
PHYSICIANS FORM
 ULA HLDGS INC	COM	719427106	240		60000	SH		Sole		60000
PLANAR SYS INC	COM	726900103	200		70000	SH		Sole		70000
POLYMET
 MINING CORP	COM	731916102	104		63500	SH		Sole				63500
RADNET INC	COM	750491102	440		100000	SH		Sole		100000
RAINMAKER
 SYSTEMS	COM NEW	750875304	1731		1702134	SH		Sole		962434		739700
RAMTRON
 INTL CORP	COM NEW	751907304	762		255591	SH		Sole		117929		137662
RCM TECH
 NOLOGIES INC	COM NEW	749360400	847		158250	SH		Sole		117750		40500
REAL GOODS
 SOLAR INC	CL A	75601N104	71		23700	SH		Sole		9850		13850
RIMAGE CORP	COM	766721104	407		30300	SH		Sole		17300		13000
ROCKWELL
 MEDICAL TECH	COM	774374102	5439		423600	SH		Sole		35000		388600
ROSETTA
 GENOMICS LTD	SHS	M82183100	478		1647000	SH		Sole		882000		765000
RTI BIO
 LOGICS INC	COM	74975N105	1516		559450	SH		Sole		255500		303950
SMUCKER J M CO	COM NEW	832696405	751		9825	SH		Sole		5750		4075
SOLTA MED INC	COM	83438K103	322		116750	SH		Sole		67750		49000
ST JUDE MED INC	COM	790849103	3676		77088	SH		Sole		19500		57588
STAAR
 SURGICAL CO	CMPR.01	852312305	2923		551600	SH		Sole		354200		197400
SUMMER
 INFANT INC	COM	865646103	564		69500	SH		Sole		60000		9500
SUPERCONDUCTOR
 TECHNOLOGIES	COM NEW	867931305	245		106500	SH		Sole		102000		4500
SUPERVALU INC	COM	868536103	1834		194950	SH		Sole		119900		75050
SYNERGETICS
 USA INC	COM	87160G107	1209		219500	SH		Sole		146500		73000
SYNOVIS LIFE TECH
 NOLOGIES IN	COM	87162G105	5714		328000	SH		Sole		212100		115900
TCF FINL CORP	COM	872275102	847		61350	SH		Sole		29600		31750
TEARLAB CORP	COM	878193101	365		192308	SH		Sole		192308
TEREX CORP NEW	COM	880779103	626		22000	SH		Sole		13000		9000
TOREADOR
 RES CORP	COM	891050106	148		40000	SH		Sole		40000
TRANS1 INC	COM	89385X105	2194		479103	SH		Sole		261653		217450
UNITEDHEALTH
 GROUP INC	COM	91324P102	1233		23900	SH		Sole		9600		14300
UQM TECH
 NOLOGIES INC	COM	903213106	122		54000	SH		Sole		24750		29250
UROLOGIX INC	COM	917273104	4102		4318159	SH		Sole		2875009		1443150
UROPLASTY INC	COM NEW	917277204	8798		1173016	SH		Sole		625005		548011
U.S. AUTO PARTS
 NETWORK INC	COM	90343C100	2160		281975	SH		Sole		163975		118000
US BANCORP DEL	COM NEW	902973304	630		24708	SH		Sole		13779		10929
U S PHYSICAL
 THERAPY INC	COM	90337L108	2017		81550	SH		Sole		55700		25850
VERIZON COMMUNI
 CATIONS INC	COM	92343V104	265		7113	SH		Sole		3530		3583
VERMILLION INC	COM NEW	92407M206	164		40000	SH		Sole		18000		22000
VOYAGER OIL &
 GAS INC	COM	92911K100	794		267203	SH		Sole		174700		92503
WIRELESS RONIN
 TECHNOLOGIES	COM	97652A203	2910		2530986	SH		Sole		1195068		1335918
ZAGG INC	COM	98884U108	268		20000	SH		Sole		20000
ZIX CORP	COM	98974P100	8815		2295521	SH		Sole		1168202		1127319


TOTAL VALUE					179324
DATA RECORDS					133
OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED	0