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 91,722,546 342,210 SH   SOLE 0.00 313,662 0 28,548
Biogen, Inc. COMMON STOCK 09062x103 96,240,044 369,699 SH   SOLE 0.00 337,807 0 31,892
Celgene Corp. COMMON STOCK 151020104 92,954,284 928,707 SH   SOLE 0.00 847,700 0 81,007
Gilead Sciences, Inc. COMMON STOCK 375558103 99,445,248 1,082,574 SH   SOLE 0.00 992,196 0 90,378
HCA Holdings, Inc. COMMON STOCK 40412c101 111,383,360 1,427,077 SH   SOLE 0.00 1,315,723 0 111,354
Comcast Corp. Cl. A COMMON STOCK 20030n101 102,204,492 1,673,289 SH   SOLE 0.00 1,535,479 0 137,810
Disney, Walt Co. COMMON STOCK 254687106 101,088,146 1,017,905 SH   SOLE 0.00 934,843 0 83,062
Nike, Inc. Class B COMMON STOCK 654106103 102,775,012 1,671,954 SH   SOLE 0.00 1,541,436 0 130,518
Nordstrom, Inc. COMMON STOCK 655664100 106,569,930 1,862,785 SH   SOLE 0.00 1,716,858 0 145,927
TJX Companies, Inc. COMMON STOCK 872540109 105,984,829 1,352,710 SH   SOLE 0.00 1,245,869 0 106,841
CVS Health Corp. COMMON STOCK 126650100 103,404,599 996,863 SH   SOLE 0.00 915,634 0 81,229
Costco Wholesale COMMON STOCK 22160K105 102,368,223 649,627 SH   SOLE 0.00 596,223 0 53,404
Estee Lauder Cos. COMMON STOCK 518439104 101,960,616 1,081,122 SH   SOLE 0.00 993,551 0 87,571
Adobe Systems, Inc. COMMON STOCK 00724f101 111,871,696 1,192,662 SH   SOLE 0.00 1,101,631 0 91,031
Alphabet Inc. Class A COMMON STOCK 02079K305 101,532,072 133,087 SH   SOLE 0.00 122,129 0 10,958
Apple, Inc. COMMON STOCK 037833100 108,203,528 992,784 SH   SOLE 0.00 912,803 0 79,981
Mastercard Inc COMMON STOCK 57636Q104 105,122,745 1,112,410 SH   SOLE 0.00 1,021,788 0 90,622
PayPal Holdings, Inc. COMMON STOCK 70450Y103 102,740,809 2,661,679 SH   SOLE 0.00 2,450,282 0 211,397
Qualcomm, Inc. COMMON STOCK 747525103 101,996,787 1,994,462 SH   SOLE 0.00 1,836,391 0 158,071
eBay, Inc. COMMON STOCK 278642103 99,755,081 4,180,850 SH   SOLE 0.00 3,839,391 0 341,459
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 2,280,611 28,832 SH   SOLE 0.00 28,832 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 1,064,065 20,054 SH   SOLE 0.00 20,054 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 1,764,585 26,034 SH   SOLE 0.00 26,034 0 0
Technology Select Sector SPDR Fund COMMON STOCK 81369y803 2,265,998 51,082 SH   SOLE 0.00 51,082 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 2,578,299 59,752 SH   SOLE 0.00 59,752 0 0
Vanguard FTSE Pacific ETF COMMON STOCK 922042866 560,714 10,145 SH   SOLE 0.00 10,145 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 744,476 7,062 SH   SOLE 0.00 7,062 0 0
iShares Barclays 7-10 Yr Trsy Bond Fd COMMON STOCK 464287440 185,261 1,679 SH   SOLE 0.00 1,679 0 0
iShares Core MSCI Europe ETF COMMON STOCK 46434V738 845,673 20,586 SH   SOLE 0.00 20,586 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 41,576 344 SH   SOLE 0.00 344 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 384,502 3,236 SH   SOLE 0.00 3,236 0 0
SPDR S&P 500 ETF TR COMMON STOCK 78462F103 148,473 1,895 SH   SOLE 0.00 1,895 0 0