Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ETSY	Etsy, Inc.	3,182,441	$44.71M	14.2%	$14.05	$19.22	-26.9%	COM	29786A106
AMZN	Amazon.com Inc.	58,019	$25.18M	8.0%	$434.08 *	$14.30	+51.8%	COM	023135106
META	Facebook, Inc.	268,670	$23.04M	7.3%	$85.76	$35.36	+140.9%	COM	30303M102
WDAY	Workday, Inc.	299,359	$22.87M	7.3%	$76.39	$71.70	+6.5%	COM	98138H101
—	Nimble Storage Inc.	764,375	$21.45M	6.8%	$28.06	$36.43	—	COM	65440R101
—	Linkedin Corp	94,855	$19.6M	6.2%	$206.63	$185.70	—	COM	53578A108
YELP	Yelp, Inc.	389,352	$16.75M	5.3%	$43.03	$62.02	-30.6%	COM	985817105
ZG	Zillow Group, Inc.	173,205	$15.02M	4.8%	$86.74 *	$32.16	-15.9%	COM	98954M101
—	Twitter, Inc.	335,165	$12.14M	3.9%	$36.22	$51.42	—	COM	90184L102
CRM	Salesforce.com Inc.	157,483	$10.97M	3.5%	$69.63	$47.51	+44.8%	COM	79466L302
—	Demandware	147,712	$10.5M	3.3%	$71.08	$56.95	—	COM	24802Y105
—	NetSuite Inc.	113,667	$10.43M	3.3%	$91.75	$90.56	—	COM	64118Q107
MELI	Mercadolibre, Inc.	70,068	$9.929M	3.2%	$141.71	$105.47	+33.2%	COM	58733R102
NOW	ServiceNow, Inc.	103,831	$7.716M	2.5%	$74.31 *	$8.26	+79.8%	COM	81762P102
—	Splunk, Inc.	102,605	$7.143M	2.3%	$69.62	$55.33	—	COM	848637104
—	Google Inc. Class A	11,714	$6.326M	2.0%	$540.04	$879.83	—	COM	38259P508
PANW	Palo Alto Networks, Inc.	32,953	$5.757M	1.8%	$174.70 *	$8.30	+250.9%	COM	697435105
VEEV	Veeva Systems	194,820	$5.461M	1.7%	$28.03	$27.93	+0.3%	COM	922475108
—	Xactly Corp	466,419	$4.007M	1.3%	$8.59	$8.59	—	COM	98386L101
—	YuMe, Inc	694,642	$3.765M	1.2%	$5.42	$10.60	—	COM	98872B104
—	Berk. Hath. Class B	27,650	$3.763M	1.2%	$136.09	$111.93	—	COM	084670207
—	Linear Technology	43,001	$1.902M	0.6%	$44.23	$36.84	—	COM	535678106
JNJ	Johnson & Johnson	17,428	$1.699M	0.5%	$97.49 *	$59.66	+22.0%	COM	478160104
—	AbbVie Inc.	25,000	$1.68M	0.5%	$67.20	$41.32	—	COM	002874Y10
—	Google Inc. Class C	3,106	$1.617M	0.5%	$520.61	$575.30	—	COM	38259P706
INTC	Intel	50,000	$1.521M	0.5%	$30.42 *	$17.18	+37.8%	COM	458140100
—	General Electric	56,016	$1.488M	0.5%	$26.56	$23.19	—	COM	369604103
GIS	General Mills	26,672	$1.486M	0.5%	$55.71 *	$31.98	+20.7%	COM	370334104
SLB	Schlumberger Ltd.	16,000	$1.379M	0.4%	$86.19 *	$52.90	+21.0%	COM	806857108
V	Visa, Inc.	20,000	$1.343M	0.4%	$67.15 *	$55.97	+11.5%	COM	92826C839
—	Merck	23,068	$1.313M	0.4%	$56.92	$46.47	—	COM	589331107
ABT	Abbott Laboratories	25,000	$1.227M	0.4%	$49.08 *	$28.85	+39.5%	COM	002824100
—	Violin Memory, Inc	487,999	$1.196M	0.4%	$2.45	$7.35	—	COM	92763A101
—	Financial Engines, Inc.	27,050	$1.149M	0.4%	$42.48	$40.96	—	COM	317485100
—	Target CP	13,140	$1.073M	0.3%	$81.66	$68.87	—	COM	239753106
—	EMC Corporation	40,000	$1.056M	0.3%	$26.40	$23.62	—	COM	268648102
AAPL	Apple Computer	8,400	$1.054M	0.3%	$125.48 *	$17.87	+56.9%	COM	037833100
HAL	Halliburton Co.	23,300	$1.004M	0.3%	$43.09 *	$33.21	+5.9%	COM	406216101
GWRE	Guidewire Software, Inc.	16,940	$897K	0.3%	$52.95	$40.03	+32.2%	COM	40171V100
—	Minnesota Mining	4,000	$617K	0.2%	$154.25	$109.25	—	COM	604059105
ADP	Automatic Data Processing, Inc	6,911	$554K	0.2%	$80.16 *	$45.09	+41.7%	COM	053015103
QCOM	Qualcomm Inc	8,800	$551K	0.2%	$62.61 *	$45.29	+2.4%	COM	747525103
INTU	Intuit, Inc.	5,000	$504K	0.2%	$100.80 *	$54.39	+70.3%	COM	461202103
SCHW	Schwab Charles Corp	10,000	$326K	0.1%	$32.60 *	$15.92	+80.2%	COM	808513105
NKE	Nike, Inc	2,600	$281K	0.1%	$108.08 *	$32.14	+47.2%	COM	654106103
—	Liberty Global Inc	5,300	$268K	0.1%	$50.57	$54.28	—	COM	530555101
—	Royal Dutch Shell PLC	4,000	$228K	0.1%	$57.00	$63.75	—	COM	780259206
—	Oasis Petroleum	11,000	$174K	0.1%	$15.82	$14.18	—	COM	674215108
—	Laredo Petroleum, Inc.	10,000	$126K	0.0%	$12.60	$12.60	—	COM	516806106