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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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
AbbVie Inc. COM 002874Y10 1,481 25,000 SH   SOLE   25,000 0 0
Abbott Laboratories COM 002824100 1,311 29,200 SH   SOLE   29,200 0 0
Alphabet Inc. Class A COM 02079K305 8,880 11,414 SH   SOLE   11,414 0 0
Alphabet Inc. Class C COM 02079K107 2,051 2,703 SH   SOLE   2,703 0 0
Amazon.com Inc. COM 023135106 28,460 42,107 SH   SOLE   42,107 0 0
Apple Computer COM 037833100 1,049 9,970 SH   SOLE   9,970 0 0
Automatic Data Processing, Inc COM 053015103 585 6,911 SH   SOLE   6,911 0 0
Berk. Hath. Class B COM 084670207 3,150 23,857 SH   SOLE   23,857 0 0
EOG Resources Inc. COM 293562104 638 9,015 SH   SOLE   9,015 0 0
Etsy, Inc. COM 29786A106 29,334 3,551,351 SH   SOLE   3,551,351 0 0
Facebook, Inc. COM 30303M102 27,413 261,920 SH   SOLE   261,920 0 0
Financial Engines, Inc. COM 317485100 768 22,800 SH   SOLE   22,800 0 0
General Electric COM 369604103 1,745 56,016 SH   SOLE   56,016 0 0
General Mills COM 370334104 1,538 26,672 SH   SOLE   26,672 0 0
Guidewire Software, Inc. COM 40171V100 1,019 16,940 SH   SOLE   16,940 0 0
Halliburton Co. COM 406216101 793 23,300 SH   SOLE   23,300 0 0
Intel COM 458140100 1,722 50,000 SH   SOLE   50,000 0 0
Intuit, Inc. COM 461202103 482 5,000 SH   SOLE   5,000 0 0
Johnson & Johnson COM 478160104 1,790 17,428 SH   SOLE   17,428 0 0
Liberty Global Inc COM 530555101 216 5,300 SH   SOLE   5,300 0 0
Linear Technology COM 535678106 1,699 40,000 SH   SOLE   40,000 0 0
Linkedin Corp COM 53578A108 22,611 100,457 SH   SOLE   100,457 0 0
Mercadolibre, Inc. COM 58733R102 15,374 134,460 SH   SOLE   134,460 0 0
Merck COM 589331107 1,218 23,068 SH   SOLE   23,068 0 0
Minnesota Mining COM 604059105 603 4,000 SH   SOLE   4,000 0 0
NetSuite Inc. COM 64118Q107 16,213 191,597 SH   SOLE   191,597 0 0
Netflix COM 64110L106 4,031 35,240 SH   SOLE   35,240 0 0
Nike, Inc COM 654106103 241 3,850 SH   SOLE   3,850 0 0
Nimble Storage Inc. COM 65440R101 7,177 780,155 SH   SOLE   780,155 0 0
Palo Alto Networks, Inc. COM 697435105 6,201 35,203 SH   SOLE   35,203 0 0
Pure Storage, Inc. COM 74624M102 35,232 2,262,815 SH   SOLE   2,262,815 0 0
Qualcomm Inc COM 747525103 350 7,000 SH   SOLE   7,000 0 0
Royal Dutch Shell PLC COM 780259206 389 8,500 SH   SOLE   8,500 0 0
Salesforce.com Inc. COM 79466L302 17,649 225,111 SH   SOLE   225,111 0 0
Schlumberger Ltd. COM 806857108 1,116 16,000 SH   SOLE   16,000 0 0
Schwab Charles Corp COM 808513105 282 8,560 SH   SOLE   8,560 0 0
ServiceNow, Inc. COM 81762P102 9,468 109,381 SH   SOLE   109,381 0 0
Splunk, Inc. COM 848637104 11,876 201,934 SH   SOLE   201,934 0 0
Suncor Energy COM 867224107 581 22,525 SH   SOLE   22,525 0 0
Target CP COM 239753106 954 13,140 SH   SOLE   13,140 0 0
Veeva Systems COM 922475108 5,541 192,075 SH   SOLE   192,075 0 0
Visa, Inc. COM 92826C839 1,734 22,355 SH   SOLE   22,355 0 0
Wells Fargo Bank COM 949746101 977 17,980 SH   SOLE   17,980 0 0
Workday, Inc. COM 98138H101 27,831 349,279 SH   SOLE   349,279 0 0
Xactly Corp COM 98386L101 3,978 466,412 SH   SOLE   466,412 0 0
YuMe, Inc COM 98872B104 467 133,052 SH   SOLE   133,052 0 0
Zillow Group, Inc Class A COM 98954M101 3,198 122,805 SH   SOLE   122,805 0 0
Zillow Group, Inc Class C COM 98954M200 8,134 346,410 SH   SOLE   346,410 0 0