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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
Biogen IDEC Inc. COMMON STOCK 09062x103 103,950,452 306,232 SH   SOLE 0 254,125 0 52,107
Celgene Corp. COMMON STOCK 151020104 117,517,991 1,050,581 SH   SOLE 0 891,362 0 159,219
Express Scripts Inc COMMON STOCK 30219G108 119,762,328 1,414,460 SH   SOLE 0 1,205,882 0 208,578
Gilead Sciences, Inc. COMMON STOCK 375558103 94,075,156 998,039 SH   SOLE 0 812,575 0 185,464
HCA Holdings, Inc. COMMON STOCK 40412c101 107,933,719 1,470,687 SH   SOLE 0 1,230,544 0 240,143
Comcast Corp. COMMON STOCK 20030n101 105,958,920 1,826,563 SH   SOLE 0 1,519,677 0 306,886
Disney, Walt Co. COMMON STOCK 254687106 107,878,256 1,145,326 SH   SOLE 0 957,618 0 187,708
Michael Kors Hld. COMMON STOCK G60754101 101,306,671 1,348,957 SH   SOLE 0 1,113,962 0 234,995
Nike, Inc. Class B COMMON STOCK 654106103 108,574,695 1,129,222 SH   SOLE 0 946,378 0 182,844
Nordstrom, Inc. COMMON STOCK 655664100 113,722,126 1,432,449 SH   SOLE 0 1,205,115 0 227,334
TJX Companies COMMON STOCK 872540109 114,567,828 1,670,572 SH   SOLE 0 1,407,884 0 262,688
CVS Health COMMON STOCK 126650100 118,340,913 1,228,750 SH   SOLE 0 1,046,062 0 182,688
Costco Wholesale COMMON STOCK 22160K105 116,212,462 819,841 SH   SOLE 0 695,868 0 123,973
Estee Lauder Cos. COMMON STOCK 518439104 104,901,568 1,376,661 SH   SOLE 0 1,144,842 0 231,819
Adobe Systems, Inc. COMMON STOCK 00724f101 106,772,454 1,468,672 SH   SOLE 0 1,228,886 0 239,786
Apple Inc. COMMON STOCK 037833100 109,561,091 992,581 SH   SOLE 0 836,855 0 155,726
E M C Corp. COMMON STOCK 268648102 101,833,715 3,424,133 SH   SOLE 0 2,839,896 0 584,237
Oracle Corp. COMMON STOCK 68389X105 115,761,234 2,574,188 SH   SOLE 0 2,184,945 0 389,243
Qualcomm, Inc. COMMON STOCK 747525103 102,581,041 1,380,076 SH   SOLE 0 1,141,691 0 238,385
eBay, Inc. COMMON STOCK 278642103 106,238,022 1,893,051 SH   SOLE 0 1,579,538 0 313,513
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 1,095,453 15,183 SH   SOLE 0 15,183 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 524,468 10,816 SH   SOLE 0 10,816 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 865,828 12,662 SH   SOLE 0 12,662 0 0
SPDR Barclays High Yield Bond ETF COMMON STOCK 78464A417 84,363 2,185 SH   SOLE 0 2,185 0 0
SPDR Tr Unit Ser 1 COMMON STOCK 78462F103 4,276,260 20,805 SH   SOLE 0 20,742 0 63
Vanguard Extended Market ETF COMMON STOCK 922908652 566,333 6,451 SH   SOLE 0 6,451 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 1,588,320 33,895 SH   SOLE 0 33,895 0 0
Vanguard Information Technology ETF COMMON STOCK 92204a702 1,013,874 9,704 SH   SOLE 0 9,704 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 502,655 4,779 SH   SOLE 0 4,779 0 0
iShares MSCI All Country Asia ex Japan ETF COMMON STOCK 464288182 356,501 5,851 SH   SOLE 0 5,851 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 133,908 1,095 SH   SOLE 0 1,095 0 0
iShares S&P 500 Index COMMON STOCK 464287200 74,680 361 SH   SOLE 0 361 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 101,857 853 SH   SOLE 0 853 0 0