Vision Capital Management 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
Expires:	Oct 31, 2018
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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
AEGON N V PRP CP SEC 6.375	ps	007924301	607	24,245	SH		SOLE		24,245	0	0
FEDERAL NATL MTG ASSN PFD 8.25	ps	313586737	105	13,300	SH		SOLE		13,300	0	0
GOLDMAN SACHS GP PREFERRED	ps	38143y665	784	35,490	SH		SOLE		35,490	0	0
TCF FINANCIAL PFD 6.45	ps	872277405	310	12,400	SH		SOLE		12,400	0	0
TCF FINANCIAL PFD 7.50	ps	872277207	419	16,350	SH		SOLE		16,350	0	0
ABBVIE INC COM	cs	00287Y109	4,293	68,560	SH		SOLE		68,560	0	0
ALLERGAN PLC SHS	cs	G0177J108	3,346	15,933	SH		SOLE		15,933	0	0
ALPHABET INC CAP STK CL A	cs	02079K305	9,566	12,071	SH		SOLE		12,071	0	0
AMAZON COM INC COM	cs	023135106	8,137	10,851	SH		SOLE		10,851	0	0
APPLE INC COM	cs	037833100	15,838	136,744	SH		SOLE		136,744	0	0
ASSOCIATES FIRST CAP CP RESIDU	cs	046008207	0	12,275	SH		SOLE		12,275	0	0
AT&T INC COM	cs	00206R102	527	12,390	SH		SOLE		12,390	0	0
BERKSHIRE HATHAWAY CL A	cs	084670108	244	100	SH		SOLE		100	0	0
BERKSHIRE HATHAWAY CL B	cs	084670702	5,013	30,760	SH		SOLE		30,760	0	0
BLACKROCK INC COM	cs	09247X101	1,278	3,359	SH		SOLE		3,359	0	0
BLUE BUFFALO PET PRODUCTS INC	cs	09531U102	1,283	53,380	SH		SOLE		53,380	0	0
BROADRIDGE FINL SOLUTIONS INC	cs	11133T103	3,204	48,325	SH		SOLE		48,325	0	0
C H ROBINSON WORLDWIDE INC COM	cs	12541W209	3,528	48,160	SH		SOLE		48,160	0	0
CARMAX INC COM	cs	143130102	3,002	46,616	SH		SOLE		46,616	0	0
CHEVRON CORP NEW COM	cs	166764100	299	2,538	SH		SOLE		2,538	0	0
CISCO SYS INC COM	cs	17275R102	790	26,142	SH		SOLE		26,142	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	cs	192446102	3,097	55,270	SH		SOLE		55,270	0	0
COLGATE PALMOLIVE CO COM	cs	194162103	403	6,160	SH		SOLE		6,160	0	0
COSTCO WHSL CORP NEW COM	cs	22160K105	3,306	20,650	SH		SOLE		20,650	0	0
CVS HEALTH CORP COM	cs	126650100	2,231	28,272	SH		SOLE		28,272	0	0
DISCOVER FINL SVCS COM	cs	254709108	5,406	74,991	SH		SOLE		74,991	0	0
DISNEY WALT CO COM DISNEY	cs	254687106	5,705	54,737	SH		SOLE		54,737	0	0
DOWNEY FINANCIAL CORP	cs	261018105	0	67,008	SH		SOLE		67,008	0	0
EDISON INTL COM	cs	281020107	742	10,305	SH		SOLE		10,305	0	0
ELECTRONIC ARTS INC COM	cs	285512109	2,213	28,100	SH		SOLE		28,100	0	0
EXXON MOBIL CORP COM	cs	30231G102	415	4,601	SH		SOLE		4,601	0	0
FACEBOOK INC CL A	cs	30303M102	1,921	16,699	SH		SOLE		16,699	0	0
FARMERS & MERCHANTS BANCORP CA	cs	307795104	484	761	SH		SOLE		761	0	0
FIREEYE INC COM	cs	31816Q101	1,911	160,609	SH		SOLE		160,609	0	0
GILEAD SCIENCES INC COM	cs	375558103	4,512	63,010	SH		SOLE		63,010	0	0
HAVERTY FURNITURE COS	cs	419596101	472	19,904	SH		SOLE		19,904	0	0
HOLLYFRONTIER CORP COM	cs	436106108	1,072	32,710	SH		SOLE		32,710	0	0
HONEYWELL INTL INC COM	cs	438516106	5,621	48,520	SH		SOLE		48,520	0	0
JOHNSON & JOHNSON COM	cs	478160104	757	6,568	SH		SOLE		6,568	0	0
KROGER CO COM	cs	501044101	4,996	144,780	SH		SOLE		144,780	0	0
LAUDER ESTEE COS INC CL A	cs	518439104	3,357	43,891	SH		SOLE		43,891	0	0
LOCKHEED MARTIN CORP COM	cs	539830109	4,445	17,784	SH		SOLE		17,784	0	0
MARRIOTT INTL INC NEW CL A	cs	571903202	3,793	45,870	SH		SOLE		45,870	0	0
MERCHANTS BANCORP	cs	588436105	15	25,667	SH		SOLE		25,667	0	0
MICROSOFT CORP COM	cs	594918104	2,932	47,191	SH		SOLE		47,191	0	0
NEXTERA ENERGY INC COM	cs	65339F101	1,601	13,400	SH		SOLE		13,400	0	0
NIKE INC CL B	cs	654106103	2,885	56,754	SH		SOLE		56,754	0	0
NVR INC COM	cs	62944T105	3,517	2,107	SH		SOLE		2,107	0	0
PAYPAL HLDGS INC COM	cs	70450Y103	3,851	97,556	SH		SOLE		97,556	0	0
QUALCOMM INC COM	cs	747525103	790	12,110	SH		SOLE		12,110	0	0
RETAIL PPTYS AMER INC CL A	cs	76131V202	244	15,942	SH		SOLE		15,942	0	0
SHERWIN WILLIAMS CO COM	cs	824348106	5,500	20,467	SH		SOLE		20,467	0	0
SKECHERS U S A INC CL A	cs	830566105	1,682	68,435	SH		SOLE		68,435	0	0
SKYWORKS SOLUTIONS INC COM	cs	83088M102	2,606	34,900	SH		SOLE		34,900	0	0
STARBUCKS CORP COM	cs	855244109	5,304	95,540	SH		SOLE		95,540	0	0
STERICYCLE INC COM	cs	858912108	2,620	34,011	SH		SOLE		34,011	0	0
SYSCO CORP COM	cs	871829107	2,647	47,805	SH		SOLE		47,805	0	0
TD AMERITRADE HLDG CORP COM	cs	87236Y108	5,288	121,280	SH		SOLE		121,280	0	0
UNITED PARCEL SERVICE INC CL B	cs	911312106	1,116	9,735	SH		SOLE		9,735	0	0
UNITED TECHNOLOGIES CORP COM	cs	913017109	4,281	39,057	SH		SOLE		39,057	0	0
US BANCORP DEL COM NEW	cs	902973304	532	10,354	SH		SOLE		10,354	0	0
V F CORP COM	cs	918204108	1,915	35,893	SH		SOLE		35,893	0	0
VERIZON COMMUNICATIONS INC COM	cs	92343V104	6,575	123,165	SH		SOLE		123,165	0	0
VISA INC COM CL A	cs	92826C839	4,836	61,990	SH		SOLE		61,990	0	0
WELLS FARGO & CO NEW COM	cs	949746101	636	11,535	SH		SOLE		11,535	0	0
WILLIAMS SONOMA INC COM	cs	969904101	836	17,270	SH		SOLE		17,270	0	0
ZOETIS INC CL A	cs	98978V103	3,812	71,205	SH		SOLE		71,205	0	0
AMERICAN BALANCED FD CL A	cs	024071102	211	8,512	SH		SOLE		8,512	0	0
GRANDEUR PEAK INTL OPPTY FUND	cs	317609352	33	10,710	SH		SOLE		10,710	0	0
INVESTMENT CO AMER CL A	cs	461308108	348	9,610	SH		SOLE		9,610	0	0
PRICE T ROWE MEDIA & TELECMS C	cs	741454102	373	5,026	SH		SOLE		5,026	0	0
TEMPLETON FDS INC FOREIGN FD A	cs	880196209	104	14,843	SH		SOLE		14,843	0	0
VANGUARD SPECIALIZED PORTFOLIO	cs	921908604	321	13,685	SH		SOLE		13,685	0	0
ISHARES CORE S&P MID CAP ETF	et	464287507	13,851	83,776	SH		SOLE		83,776	0	0
ISHARES MRNGSTR LARGE CAP GROW	et	464287119	278	2,295	SH		SOLE		2,295	0	0
ISHARES RUSSELL 1000 INDEX ETF	et	464287622	459	3,684	SH		SOLE		3,684	0	0
ISHARES RUSSELL 2000 INDEX ETF	et	464287655	330	2,449	SH		SOLE		2,449	0	0
ISHARES TR CORE S&P500 ETF	et	464287200	11,209	49,819	SH		SOLE		49,819	0	0
ISHARES TR S&P SMALLCAP 600	et	464287804	11,594	84,310	SH		SOLE		84,310	0	0
VANGUARD FTSE DEVELOPED MARKET	et	921943858	9,328	255,293	SH		SOLE		255,293	0	0
VANGUARD FTSE EMERGING MARKETS	et	922042858	4,434	123,930	SH		SOLE		123,930	0	0
VANGUARD INDEX FDS REIT ETF	et	922908553	7,044	85,351	SH		SOLE		85,351	0	0
VANGUARD S&P 500 INDEX ETF	et	922908363	10,628	51,764	SH		SOLE		51,764	0	0