The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Allergan plc COMMON STOCK G0177J108 112,919,687 361,343 SH   SOLE 0 336,620 0 24,723
Biogen, Inc. COMMON STOCK 09062x103 91,406,874 298,374 SH   SOLE 0 273,399 0 24,975
Celgene Corp. COMMON STOCK 151020104 99,230,621 828,579 SH   SOLE 0 763,582 0 64,997
Gilead Sciences, Inc. COMMON STOCK 375558103 96,978,067 958,376 SH   SOLE 0 884,883 0 73,493
HCA Holdings, Inc. COMMON STOCK 40412c101 83,131,945 1,229,217 SH   SOLE 0 1,116,672 0 112,545
Comcast Corp. Cl. A COMMON STOCK 20030n101 97,410,425 1,726,217 SH   SOLE 0 1,594,541 0 131,676
Disney, Walt Co. COMMON STOCK 254687106 98,829,631 940,518 SH   SOLE 0 871,210 0 69,308
Nike, Inc. Class B COMMON STOCK 654106103 117,723,687 1,883,579 SH   SOLE 0 1,764,110 0 119,469
Nordstrom, Inc. COMMON STOCK 655664100 73,836,401 1,482,361 SH   SOLE 0 1,337,302 0 145,059
TJX Companies, Inc. COMMON STOCK 872540109 112,752,927 1,590,085 SH   SOLE 0 1,482,041 0 108,044
CVS Health Corp. COMMON STOCK 126650100 99,503,559 1,017,731 SH   SOLE 0 939,694 0 78,037
Costco Wholesale COMMON STOCK 22160K105 119,496,434 739,916 SH   SOLE 0 692,286 0 47,630
Estee Lauder Cos. COMMON STOCK 518439104 109,648,789 1,245,160 SH   SOLE 0 1,159,110 0 86,050
Adobe Systems, Inc. COMMON STOCK 00724f101 123,897,653 1,318,902 SH   SOLE 0 1,237,149 0 81,753
Apple, Inc. COMMON STOCK 037833100 94,876,943 901,358 SH   SOLE 0 832,019 0 69,339
E M C Corp. COMMON STOCK 268648102 109,457,738 4,262,373 SH   SOLE 0 3,963,962 0 298,411
Mastercard Inc COMMON STOCK 57636Q104 110,337,601 1,133,295 SH   SOLE 0 1,056,105 0 77,190
PayPal Holdings, Inc. COMMON STOCK 70450Y103 105,953,056 2,926,880 SH   SOLE 0 2,716,261 0 210,619
Qualcomm, Inc. COMMON STOCK 747525103 82,059,463 1,641,846 SH   SOLE 0 1,548,858 0 92,988
eBay, Inc. COMMON STOCK 278642103 77,868,015 2,833,625 SH   SOLE 0 2,561,327 0 272,298
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 1,872,713 23,960 SH   SOLE 0 23,960 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 959,360 19,001 SH   SOLE 0 19,001 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 1,532,222 21,272 SH   SOLE 0 21,272 0 0
SPDR Barclays High Yield Bond ETF COMMON STOCK 78464A417 162,869 4,803 SH   SOLE 0 4,803 0 0
SPDR Barclays Interm Term Corp ETF COMMON STOCK 78464A375 2,808 84 SH   SOLE 0 84 0 0
SPDR Tr Unit Ser 1 COMMON STOCK 78462F103 11,426,505 56,048 SH   SOLE 0 55,891 0 157
Vanguard Extended Market ETF COMMON STOCK 922908652 503,721 6,011 SH   SOLE 0 6,011 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 2,271,905 52,336 SH   SOLE 0 52,336 0 0
Vanguard FTSE Pacific ETF COMMON STOCK 922042866 515,753 9,101 SH   SOLE 0 9,101 0 0
Vanguard Information Technology ETF COMMON STOCK 92204a702 1,901,572 17,560 SH   SOLE 0 17,560 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 907,405 8,675 SH   SOLE 0 8,675 0 0
iShares Core MSCI Europe ETF COMMON STOCK 46434V738 754,448 17,861 SH   SOLE 0 17,861 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 46,920 390 SH   SOLE 0 390 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 180,477 1,583 SH   SOLE 0 1,583 0 0