Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ETSY	Etsy, Inc.	3,374,741	$46.2M	15.3%	$13.69	$19.02	-28.0%	COM	29786A106
AMZN	Amazon.com Inc.	50,464	$25.83M	8.5%	$511.89 *	$14.30	+79.0%	COM	023135106
META	Facebook, Inc.	276,670	$24.87M	8.2%	$89.90	$36.97	+141.5%	COM	30303M102
WDAY	Workday, Inc.	354,874	$24.44M	8.1%	$68.86	$72.57	-5.1%	COM	98138H101
—	Linkedin Corp	111,295	$21.16M	7.0%	$190.13	$186.35	—	COM	53578A108
—	Nimble Storage Inc.	780,155	$18.82M	6.2%	$24.12	$36.18	—	COM	65440R101
—	NetSuite Inc.	195,312	$16.39M	5.4%	$83.90	$87.78	—	COM	64118Q107
CRM	Salesforce.com Inc.	219,538	$15.24M	5.0%	$69.43	$53.88	+27.3%	COM	79466L302
MELI	Mercadolibre, Inc.	139,550	$12.71M	4.2%	$91.06	$111.13	-18.7%	COM	58733R102
Z	Zillow Group, Inc Class C	346,410	$9.353M	3.1%	$27.00	$26.10	+3.4%	COM	98954M200
YELP	Yelp, Inc.	389,352	$8.433M	2.8%	$21.66	$62.02	-65.1%	COM	985817105
—	Demandware	160,412	$8.29M	2.7%	$51.68	$56.53	—	COM	24802Y105
GOOGL	Alphabet Inc. Class A	11,414	$7.286M	2.4%	$638.34 *	$31.95	-0.9%	COM	02079K305
NOW	ServiceNow, Inc.	101,381	$7.041M	2.3%	$69.45 *	$8.26	+68.1%	COM	81762P102
—	Splunk, Inc.	105,405	$5.834M	1.9%	$55.35	$55.33	—	COM	848637104
PANW	Palo Alto Networks, Inc.	32,203	$5.539M	1.8%	$172.00 *	$8.30	+245.5%	COM	697435105
VEEV	Veeva Systems	230,470	$5.395M	1.8%	$23.41	$27.64	-15.3%	COM	922475108
ZG	Zillow Group, Inc Class A	173,205	$4.976M	1.6%	$28.73	$32.16	-10.7%	COM	98954M101
—	Xactly Corp	466,412	$3.638M	1.2%	$7.80	$8.59	—	COM	98386L101
—	Berk. Hath. Class B	22,537	$2.939M	1.0%	$130.41	$111.93	—	COM	084670207
—	YuMe, Inc	694,642	$1.799M	0.6%	$2.59	$10.60	—	COM	98872B104
GOOG	Alphabet Inc. Class C	2,870	$1.746M	0.6%	$608.36 *	$30.50	-1.0%	COM	02079K107
—	Linear Technology	43,001	$1.735M	0.6%	$40.35	$36.84	—	COM	535678106
JNJ	Johnson & Johnson	17,428	$1.627M	0.5%	$93.36 *	$59.66	+17.8%	COM	478160104
INTC	Intel	50,000	$1.507M	0.5%	$30.14 *	$17.18	+37.7%	COM	458140100
GIS	General Mills	26,672	$1.497M	0.5%	$56.13 *	$31.98	+22.5%	COM	370334104
—	General Electric	56,016	$1.413M	0.5%	$25.22	$23.19	—	COM	369604103
V	Visa, Inc.	20,000	$1.393M	0.5%	$69.65 *	$55.97	+15.8%	COM	92826C839
—	AbbVie Inc.	25,000	$1.36M	0.4%	$54.40	$41.32	—	COM	002874Y10
—	Merck	23,068	$1.139M	0.4%	$49.38	$46.47	—	COM	589331107
SLB	Schlumberger Ltd.	16,000	$1.104M	0.4%	$69.00 *	$52.90	-2.5%	COM	806857108
—	Target CP	13,140	$1.034M	0.3%	$78.69	$68.87	—	COM	239753106
ABT	Abbott Laboratories	25,000	$1.005M	0.3%	$40.20 *	$28.85	+14.8%	COM	002824100
—	EMC Corporation	40,000	$966K	0.3%	$24.15	$23.62	—	COM	268648102
AAPL	Apple Computer	8,400	$927K	0.3%	$110.36 *	$17.87	+38.6%	COM	037833100
GWRE	Guidewire Software, Inc.	16,940	$891K	0.3%	$52.60	$40.03	+31.3%	COM	40171V100
HAL	Halliburton Co.	23,300	$824K	0.3%	$35.36 *	$33.21	-12.7%	COM	406216101
—	Financial Engines, Inc.	27,050	$797K	0.3%	$29.46	$40.96	—	COM	317485100
—	Violin Memory, Inc	487,999	$673K	0.2%	$1.38	$7.35	—	COM	92763A101
SU	Suncor Energy	22,525	$602K	0.2%	$26.73 *	$18.55	+0.2%	COM	867224107
WFC	Wells Fargo Bank	11,270	$579K	0.2%	$51.38 *	$41.08	-6.4%	COM	949746101
—	Minnesota Mining	4,000	$567K	0.2%	$141.75	$109.25	—	COM	604059105
ADP	Automatic Data Processing, Inc	6,911	$555K	0.2%	$80.31 *	$45.09	+42.8%	COM	053015103
—	EOG Resources Inc.	7,035	$512K	0.2%	$72.78	$72.78	—	COM	293562104
QCOM	Qualcomm Inc	8,800	$473K	0.2%	$53.75 *	$45.29	-11.4%	COM	747525103
INTU	Intuit, Inc.	5,000	$444K	0.1%	$88.80 *	$54.39	+50.4%	COM	461202103
NKE	Nike, Inc	2,600	$320K	0.1%	$123.08 *	$32.14	+68.0%	COM	654106103
SCHW	Schwab Charles Corp	10,000	$286K	0.1%	$28.60 *	$15.92	+57.9%	COM	808513105
—	Liberty Global Inc	5,300	$217K	0.1%	$40.94	$54.28	—	COM	530555101
—	Oasis Petroleum	11,000	$95,000	0.0%	$8.64	$14.18	—	COM	674215108
—	Laredo Petroleum, Inc.	10,000	$94,000	0.0%	$9.40	$12.60	—	COM	516806106