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 39,648,109 145,867 SH   SOLE 0 116,282 0 29,585
Biogen, Inc. COMMON STOCK 09062x103 84,250,216 288,716 SH   SOLE 0 259,911 0 28,805
Celgene Corp. COMMON STOCK 151020104 87,225,584 806,375 SH   SOLE 0 734,802 0 71,573
Express Scripts Hld. Co. COMMON STOCK 30219G108 56,443,693 697,180 SH   SOLE 0 690,692 0 6,488
Gilead Sciences, Inc. COMMON STOCK 375558103 92,103,693 938,015 SH   SOLE 0 855,700 0 82,315
HCA Holdings, Inc. COMMON STOCK 40412c101 91,075,851 1,177,299 SH   SOLE 0 1,076,397 0 100,902
Comcast Corp. Cl. A COMMON STOCK 20030n101 96,880,291 1,703,240 SH   SOLE 0 1,550,517 0 152,723
Disney, Walt Co. COMMON STOCK 254687106 95,463,691 934,087 SH   SOLE 0 848,959 0 85,128
Nike, Inc. Class B COMMON STOCK 654106103 118,065,096 960,113 SH   SOLE 0 879,510 0 80,603
Nordstrom, Inc. COMMON STOCK 655664100 99,990,273 1,394,370 SH   SOLE 0 1,272,050 0 122,320
TJX Companies, Inc. COMMON STOCK 872540109 113,129,423 1,584,002 SH   SOLE 0 1,450,506 0 133,496
CVS Health Corp. COMMON STOCK 126650100 95,990,268 994,924 SH   SOLE 0 909,009 0 85,915
Costco Wholesale COMMON STOCK 22160K105 108,289,725 749,047 SH   SOLE 0 685,609 0 63,438
Estee Lauder Cos. COMMON STOCK 518439104 99,775,504 1,236,682 SH   SOLE 0 1,129,139 0 107,543
Adobe Systems, Inc. COMMON STOCK 00724f101 110,513,382 1,344,118 SH   SOLE 0 1,230,321 0 113,797
Apple, Inc. COMMON STOCK 037833100 97,623,442 885,072 SH   SOLE 0 807,137 0 77,935
E M C Corp. COMMON STOCK 268648102 102,920,440 4,259,952 SH   SOLE 0 3,913,705 0 346,247
Mastercard Inc COMMON STOCK 57636Q104 101,142,757 1,122,312 SH   SOLE 0 1,026,976 0 95,336
PayPal Holdings, Inc. COMMON STOCK 70450Y103 89,840,872 2,894,358 SH   SOLE 0 2,648,080 0 246,278
Qualcomm, Inc. COMMON STOCK 747525103 91,881,040 1,710,051 SH   SOLE 0 1,559,132 0 150,919
eBay, Inc. COMMON STOCK 278642103 93,727,424 3,835,001 SH   SOLE 0 3,506,668 0 328,333
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 1,542,380 20,770 SH   SOLE 0 20,770 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 775,426 16,432 SH   SOLE 0 16,432 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 1,197,240 18,077 SH   SOLE 0 18,077 0 0
SPDR Barclays High Yield Bond ETF COMMON STOCK 78464A417 152,482 4,276 SH   SOLE 0 4,276 0 0
SPDR Barclays Interm Term Corp ETF COMMON STOCK 78464A375 2,852 84 SH   SOLE 0 84 0 0
SPDR Tr Unit Ser 1 COMMON STOCK 78462F103 1,203,820 6,282 SH   SOLE 0 6,282 0 0
Vanguard Extended Market ETF COMMON STOCK 922908652 418,272 5,124 SH   SOLE 0 5,124 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 1,903,344 44,648 SH   SOLE 0 44,648 0 0
Vanguard FTSE Pacific ETF COMMON STOCK 922042866 419,050 7,805 SH   SOLE 0 7,805 0 0
Vanguard Information Technology ETF COMMON STOCK 92204a702 1,527,700 15,277 SH   SOLE 0 15,277 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 836,204 7,954 SH   SOLE 0 7,954 0 0
iShares Core MSCI Europe ETF COMMON STOCK 46434V738 634,760 15,244 SH   SOLE 0 15,244 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 44,417 390 SH   SOLE 0 390 0 0
iShares S&P 500 Index COMMON STOCK 464287200 112,735 585 SH   SOLE 0 585 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 168,214 1,449 SH   SOLE 0 1,449 0 0
ISHARES RUSSELL 1000 GWTH INDEX FD COMMON STOCK 464287614 37,851 407 SH   SOLE 0 407 0 0