Zevenbergen Capital Investments 13F-HR Quarterly holdings report by institutional manager

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
2U, Inc.	COM	90214J101	81,280	967,275	SH		SOLE		517,825	0	449,450
2U, Inc.	COM	90214J101	1,294	15,400	SH		OTR	1	0	0	15,400
AbbVie Inc.	COM	00287Y109	290	3,062	SH		SOLE		3,062	0	0
Abbott Laboratories	COM	002824100	495	8,267	SH		SOLE		8,017	0	250
Activision Blizzard, Inc.	COM	00507V109	30,048	445,415	SH		SOLE		220,595	0	224,820
Activision Blizzard, Inc.	COM	00507V109	472	7,000	SH		OTR	1	0	0	7,000
Adobe Systems Incorporated	COM	00724F101	56,578	261,840	SH		SOLE		105,499	0	156,341
Adobe Systems Incorporated	COM	00724F101	929	4,300	SH		OTR	1	0	0	4,300
Alibaba Group Holding Limited	COM	01609W102	62,958	343,022	SH		SOLE		184,962	0	158,060
Alibaba Group Holding Limited	COM	01609W102	1,193	6,500	SH		OTR	1	0	0	6,500
Alphabet Inc. Class A	COM	02079K305	35,492	34,221	SH		SOLE		17,957	0	16,264
Alphabet Inc. Class A	COM	02079K305	570	550	SH		OTR	1	0	0	550
Alphabet Inc. Class C	COM	02079K107	1,196	1,159	SH		SOLE		1,019	0	140
Amazon.com, Inc.	COM	023135106	195,236	134,893	SH		SOLE		69,878	0	65,015
Amazon.com, Inc.	COM	023135106	1,882	1,300	SH		OTR	1	0	0	1,300
Amgen Inc.	COM	031162100	437	2,565	SH		SOLE		2,540	0	25
Amphenol Corporation	COM	032095101	664	7,710	SH		SOLE		7,510	0	200
Apple Inc.	COM	037833100	2,982	17,772	SH		SOLE		10,695	0	7,077
BEST Inc.	COM	08653C106	1,988	193,025	SH		SOLE		189,025	0	4,000
Becton, Dickinson and Company	COM	075887109	1,868	8,620	SH		SOLE		3,795	0	4,825
BioMarin Pharmaceutical Inc.	COM	09061G101	21,476	264,905	SH		SOLE		107,155	0	157,750
BlackRock, Inc.	COM	09247X101	1,114	2,056	SH		SOLE		2,006	0	50
Boeing Company	COM	097023105	920	2,805	SH		SOLE		2,805	0	0
Booking Holdings	COM	09857L108	2,567	1,234	SH		SOLE		87	0	1,147
CASHMERE VALLEY BANK	COM	14756K102	338	5,000	SH		SOLE		0	0	5,000
Carlisle Companies Incorporate	COM	142339100	293	2,805	SH		SOLE		2,805	0	0
Celgene Corporation	COM	151020104	55,514	622,280	SH		SOLE		282,630	0	339,650
Celgene Corporation	COM	151020104	803	9,000	SH		OTR	1	0	0	9,000
Charles Schwab Corporation	COM	808513105	98,973	1,895,306	SH		SOLE		914,790	0	980,516
Charles Schwab Corporation	COM	808513105	1,264	24,200	SH		OTR	1	0	0	24,200
CoStar Group, Inc.	COM	22160N109	31,401	86,581	SH		SOLE		45,881	0	40,700
CoStar Group, Inc.	COM	22160N109	870	2,400	SH		OTR	1	0	0	2,400
Comcast Corporation	COM	20030N101	373	10,905	SH		SOLE		10,505	0	400
Constellation Brands, Inc.	COM	21036P108	2,016	8,844	SH		SOLE		4,125	0	4,719
Costco Wholesale Corporation	COM	22160K105	537	2,850	SH		SOLE		2,850	0	0
CyrusOne Inc.	COM	23283R100	490	9,565	SH		SOLE		9,365	0	200
Despegar.com, Corp.	COM	G27358103	1,342	42,950	SH		SOLE		42,950	0	0
Ecolab Inc.	COM	278865100	518	3,780	SH		SOLE		3,680	0	100
Exact Sciences Corporation	COM	30063P105	80,678	2,000,445	SH		SOLE		999,715	0	1,000,730
Exact Sciences Corporation	COM	30063P105	1,371	34,000	SH		OTR	1	0	0	34,000
Facebook, Inc.	COM	30303M102	101,202	633,342	SH		SOLE		314,341	0	319,001
Facebook, Inc.	COM	30303M102	1,166	7,300	SH		OTR	1	0	0	7,300
FedEx Corporation	COM	31428X106	670	2,790	SH		SOLE		2,765	0	25
First Republic Bank	COM	33616C100	42,906	463,298	SH		SOLE		218,750	0	244,548
First Republic Bank	COM	33616C100	463	5,000	SH		OTR	1	0	0	5,000
International Flavors & Fragra	COM	459506101	597	4,360	SH		SOLE		4,360	0	0
Intuit Inc.	COM	461202103	1,962	11,319	SH		SOLE		2,890	0	8,429
JD.com, Inc.	COM	47215P106	2,909	71,850	SH		SOLE		70,650	0	1,200
JPMorgan Chase & Co.	COM	46625H100	1,694	15,405	SH		SOLE		15,105	0	300
Johnson & Johnson	COM	478160104	1,137	8,875	SH		SOLE		8,700	0	175
Medidata Solutions, Inc.	COM	58471A105	34,105	542,984	SH		SOLE		276,629	0	266,355
Medidata Solutions, Inc.	COM	58471A105	754	12,000	SH		OTR	1	0	0	12,000
MercadoLibre, Inc.	COM	58733R102	125,495	352,128	SH		SOLE		183,488	0	168,640
MercadoLibre, Inc.	COM	58733R102	1,497	4,200	SH		OTR	1	0	0	4,200
Microsoft Corporation	COM	594918104	1,944	21,300	SH		SOLE		21,300	0	0
Monolithic Power Systems, Inc.	COM	609839105	71,831	620,460	SH		SOLE		318,835	0	301,625
Monolithic Power Systems, Inc.	COM	609839105	1,389	12,000	SH		OTR	1	0	0	12,000
NVIDIA Corporation	COM	67066G104	85,569	369,485	SH		SOLE		185,832	0	183,653
NVIDIA Corporation	COM	67066G104	1,065	4,600	SH		OTR	1	0	0	4,600
Netflix, Inc.	COM	64110L106	178,216	603,405	SH		SOLE		308,817	0	294,588
Netflix, Inc.	COM	64110L106	2,245	7,600	SH		OTR	1	0	0	7,600
Nevro Corp.	COM	64157F103	52,392	604,500	SH		SOLE		282,680	0	321,820
Nevro Corp.	COM	64157F103	763	8,800	SH		OTR	1	0	0	8,800
Okta, Inc.	COM	679295105	32,394	812,893	SH		SOLE		434,293	0	378,600
Okta, Inc.	COM	679295105	458	11,500	SH		OTR	1	0	0	11,500
Owens Corning	COM	690742101	320	3,975	SH		SOLE		3,975	0	0
PACCAR Inc	COM	693718108	500	7,554	SH		SOLE		6,154	0	1,400
PayPal Holdings, Inc.	COM	70450Y103	86,335	1,137,938	SH		SOLE		570,630	0	567,308
PayPal Holdings, Inc.	COM	70450Y103	1,085	14,300	SH		OTR	1	0	0	14,300
Paychex, Inc.	COM	704326107	619	10,045	SH		SOLE		9,995	0	50
Paylocity Holding Corporation	COM	70438V106	30,416	593,715	SH		SOLE		312,485	0	281,230
Paylocity Holding Corporation	COM	70438V106	435	8,500	SH		OTR	1	0	0	8,500
Portola Pharmaceuticals, Inc.	COM	737010108	26,635	815,525	SH		SOLE		413,585	0	401,940
Portola Pharmaceuticals, Inc.	COM	737010108	457	14,000	SH		OTR	1	0	0	14,000
Proofpoint, Inc.	COM	743424103	64,924	571,259	SH		SOLE		297,219	0	274,040
Proofpoint, Inc.	COM	743424103	739	6,500	SH		OTR	1	0	0	6,500
QUALCOMM Incorporated	COM	747525103	419	7,570	SH		SOLE		6,690	0	880
Redfin Corporation	COM	75737F108	849	37,190	SH		SOLE		37,190	0	0
Regeneron Pharmaceuticals, Inc	COM	75886F107	42,372	123,047	SH		SOLE		50,897	0	72,150
Regeneron Pharmaceuticals, Inc	COM	75886F107	344	1,000	SH		OTR	1	0	0	1,000
SPDR Trust Series 1	COM	78462F103	767	2,914	SH		SOLE		2,914	0	0
Schlumberger Limited	COM	806857108	249	3,840	SH		SOLE		3,765	0	75
Sea Limited	COM	81141R100	12,782	1,134,175	SH		SOLE		638,375	0	495,800
Sea Limited	COM	81141R100	158	14,000	SH		OTR	1	0	0	14,000
ServiceNow, Inc.	COM	81762P102	67,908	410,445	SH		SOLE		199,599	0	210,846
ServiceNow, Inc.	COM	81762P102	794	4,800	SH		OTR	1	0	0	4,800
Shake Shack Inc.	COM	819047101	36,179	869,050	SH		SOLE		374,850	0	494,200
Shake Shack Inc.	COM	819047101	456	10,950	SH		OTR	1	0	0	10,950
Shopify Inc.	COM	82509L107	112,451	902,570	SH		SOLE		469,125	0	433,445
Shopify Inc.	COM	82509L107	1,433	11,500	SH		OTR	1	0	0	11,500
SoftBank Group Corp	COM	83404D109	1,174	32,000	SH		SOLE		32,000	0	0
Square, Inc.	COM	852234103	10,792	219,350	SH		SOLE		146,550	0	72,800
Square, Inc.	COM	852234103	84	1,700	SH		OTR	1	0	0	1,700
Starbucks Corporation	COM	855244109	1,065	18,390	SH		SOLE		17,590	0	800
Stitch Fix, Inc.	COM	860897107	835	41,150	SH		SOLE		41,150	0	0
Take-Two Interactive Software,	COM	874054109	20,571	210,380	SH		SOLE		102,455	0	107,925
Take-Two Interactive Software,	COM	874054109	342	3,500	SH		OTR	1	0	0	3,500
Teladoc, Inc.	COM	87918A105	62,096	1,540,845	SH		SOLE		772,880	0	767,965
Teladoc, Inc.	COM	87918A105	1,088	27,000	SH		OTR	1	0	0	27,000
Tencent Holdings Limited	COM	88032Q109	1,777	34,050	SH		SOLE		34,050	0	0
Tesla, Inc.	COM	88160R101	103,430	388,643	SH		SOLE		199,163	0	189,480
Tesla, Inc.	COM	88160R101	1,464	5,500	SH		OTR	1	0	0	5,500
The Estee Lauder Companies Inc	COM	518439104	1,093	7,300	SH		SOLE		7,000	0	300
The Home Depot, Inc.	COM	437076102	1,348	7,565	SH		SOLE		7,565	0	0
The Progressive Corporation	COM	743315103	343	5,625	SH		SOLE		5,625	0	0
The Trade Desk, Inc.	COM	88339J105	3,718	74,920	SH		SOLE		74,920	0	0
The Walt Disney Company	COM	254687106	677	6,745	SH		SOLE		6,295	0	450
Visa Inc.	COM	92826C839	8,342	69,734	SH		SOLE		54,111	0	15,623
Wayfair Inc.	COM	94419L101	51,295	759,585	SH		SOLE		387,035	0	372,550
Wayfair Inc.	COM	94419L101	648	9,600	SH		OTR	1	0	0	9,600
XPO Logistics, Inc.	COM	983793100	158,121	1,553,096	SH		SOLE		735,670	0	817,426
XPO Logistics, Inc.	COM	983793100	1,741	17,100	SH		OTR	1	0	0	17,100
Zillow Group, Inc. Class A, Vo	COM	98954M101	814	15,065	SH		SOLE		13,185	0	1,880
Zillow Group, Inc. Class C	COM	98954M200	101,640	1,889,219	SH		SOLE		957,224	0	931,995
Zillow Group, Inc. Class C	COM	98954M200	1,264	23,500	SH		OTR	1	0	0	23,500
Zoetis Inc.	COM	98978V103	1,973	23,625	SH		SOLE		8,840	0	14,785
lululemon athletica inc.	COM	550021109	49,821	559,030	SH		SOLE		235,080	0	323,950
lululemon athletica inc.	COM	550021109	49	550	SH		OTR	1	0	0	5,500