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
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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
A T & T INC NEW COM 00206r102 202 5,750 SH   SOLE   5,750 0 0
ACCRETIVE HEALTH INC COMUSD0.0 COM 00438v103 1,731 216,374 SH   SOLE   216,374 0 0
APPLE INC COM 037833100 1,063 1,981 SH   SOLE   1,981 0 0
BERKSHIRE HATHAWAY B NEW CLASS COM 084670207 3,545 28,364 SH   SOLE   28,364 0 0
CHEVRON CORPORATION COM 166764100 563 4,735 SH   SOLE   4,735 0 0
COMCAST CORP NEW CL A COM 20030n101 494 9,878 SH   SOLE   9,878 0 0
COMMERCIAL METALS CO COM 201723103 5,267 278,955 SH   SOLE   278,955 0 0
CONOCOPHILLIPS COM 20825c104 240 3,413 SH   SOLE   3,413 0 0
DISNEY WALT CO COM 254687106 441 5,512 SH   SOLE   5,512 0 0
DURECT CORP COM COM 266605104 128 96,250 SH   SOLE   96,250 0 0
EGAIN CORP COMNEW COM 28225c806 244 34,503 SH   SOLE   34,503 0 0
ENERGY SELECT SECTOR SPDR FUND COM 81369Y506 28,609 321,234 SH   SOLE   321,234 0 0
EXLSERVICE HOLDINGS, INC. COM 302081104 273 8,833 SH   SOLE   8,833 0 0
EXXON MOBIL CORPORATION COM 30231g102 1,157 11,846 SH   SOLE   11,846 0 0
GENERAL ELECTRIC COMPANY COM 369604103 408 15,745 SH   SOLE   15,745 0 0
GENPACT LIMITED COM STKUSD0.01 COM g3922b107 388 22,282 SH   SOLE   22,282 0 0
GOGO INC COM USD0.0001 COM 38046c109 2,229 108,524 SH   SOLE   108,524 0 0
GOLDCORP INC COM 380956409 575 23,500 SH   SOLE   23,500 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100 4,698 95,790 SH   SOLE   95,790 0 0
INTL BUSINESS MACHINES COM 459200101 508 2,637 SH   SOLE   2,637 0 0
ISHARES 20+ YEAR TREASURY BOND COM 464287432 23,023 211,029 SH   SOLE   211,029 0 0
ISHARES ETF CORE MSCI EMERGING COM 46434g103 9,453 192,607 SH   SOLE   192,607 0 0
ISHARES IBOXX INVESTMENT GRADE COM 464287242 597 5,101 SH   SOLE   5,101 0 0
ISHARES MSCI ACWI ETF COM 464288257 351 6,030 SH   SOLE   6,030 0 0
ISHARES MSCI EAFE ETF COM 464287465 56,509 840,908 SH   SOLE   840,908 0 0
ISHARES MSCI EMERGING MKTS ETF COM 464287234 16,927 412,744 SH   SOLE   412,744 0 0
ISHARES RUSSELL 3000ETF COM 464287689 3,650 32,496 SH   SOLE   32,496 0 0
ISHARES TRUST NATL AMT FREE MU COM 464288414 1,776 16,590 SH   SOLE   16,590 0 0
ISHARES U.S. REAL ESTATE COM 464287739 13,522 199,816 SH   SOLE   199,816 0 0
JOHNSON & JOHNSON COM 478160104 297 3,025 SH   SOLE   3,025 0 0
JPMORGAN CHASE & CO COM 46625h100 223 3,679 SH   SOLE   3,679 0 0
KLA-TENCOR CORP COM COM 482480100 598 8,644 SH   SOLE   8,644 0 0
MERCK & CO., INC. COM 58933Y105 3,266 57,533 SH   SOLE   57,533 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 4,525 47,488 SH   SOLE   47,488 0 0
PIMCO EXCH TRADED FUND TOTAL R COM 72201r775 7,885 73,925 SH   SOLE   73,925 0 0
PRAXAIR, INC CMN SERIES COM 74005p104 316 2,409 SH   SOLE   2,409 0 0
PROCTER & GAMBLE COM 742718109 244 3,022 SH   SOLE   3,022 0 0
S P D R S&P 500 ETF TR EXPIRIN COM 78462f103 1,723 9,211 SH   SOLE   9,211 0 0
SECTOR SPDR UTIL SELECT SHARES COM 81369y886 1,406 33,910 SH   SOLE   33,910 0 0
SPDR GOLD TRUST ETF COM 78463V107 25,516 206,424 SH   SOLE   206,424 0 0
STATE STREET CORP COM 857477103 202 2,900 SH   SOLE   2,900 0 0
VANGUARD ENERGY ETF COM 92204a306 9,873 76,888 SH   SOLE   76,888 0 0
VANGUARD FTSE EMERGING MARKETS COM 922042858 22,112 544,888 SH   SOLE   544,888 0 0
VANGUARD FTSE ETF DEVELOPED MA COM 921943858 10,710 259,509 SH   SOLE   259,509 0 0
VANGUARD INDEX FUNDS VANGUARD COM 922908769 48,323 495,771 SH   SOLE   495,771 0 0
VANGUARD REIT COM 922908553 5,133 72,680 SH   SOLE   72,680 0 0
VANGUARD SCOTTSDALE FDS COM 92206C870 1,470 17,300 SH   SOLE   17,300 0 0
WILLIAMS SONOMA COM 969904101 204 3,058 SH   SOLE   3,058 0 0
IVANHOE MINES LTD COMNPV CL A ADR 46579r104 339 217,634 SH   SOLE   217,634 0 0