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
Estimated average burden
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
FEDERAL NATL MTG ASSN PFD 8.25	ps	313586737	82	12,400	SH		SOLE		12,400	0	0
ABBVIE INC COM	cs	00287Y109	4,562	51,340	SH		SOLE		51,340	0	0
ACCENTURE PLC	cs	G1151C101	546	4,045	SH		SOLE		4,045	0	0
ADOBE SYSTEMS INC	cs	00724F101	1,364	9,140	SH		SOLE		9,140	0	0
ALLERGAN PLC SHS	cs	G0177J108	3,311	16,154	SH		SOLE		16,154	0	0
ALPHABET INC CAP STK CL A	cs	02079K305	9,932	10,200	SH		SOLE		10,200	0	0
AMAZON COM INC COM	cs	023135106	9,846	10,242	SH		SOLE		10,242	0	0
AMERCO COM	cs	023586100	1,769	4,718	SH		SOLE		4,718	0	0
APPLE INC COM	cs	037833100	15,915	103,262	SH		SOLE		103,262	0	0
ASSOCIATES FIRST CAP CP RESIDU	cs	046008207	0	12,275	SH		SOLE		12,275	0	0
AT&T INC COM	cs	00206R102	491	12,545	SH		SOLE		12,545	0	0
BERKSHIRE HATHAWAY CL A	cs	084670108	275	100	SH		SOLE		100	0	0
BERKSHIRE HATHAWAY CL B	cs	084670702	3,689	20,125	SH		SOLE		20,125	0	0
BLACKROCK INC COM	cs	09247X101	1,549	3,464	SH		SOLE		3,464	0	0
BLUE BUFFALO PET PRODUCTS INC	cs	09531U102	2,002	70,631	SH		SOLE		70,631	0	0
BOEING CO COM	cs	097023105	401	1,577	SH		SOLE		1,577	0	0
BROADRIDGE FINL SOLUTIONS INC	cs	11133T103	4,120	50,972	SH		SOLE		50,972	0	0
C H ROBINSON WORLDWIDE INC COM	cs	12541W209	4,232	55,613	SH		SOLE		55,613	0	0
CARMAX INC COM	cs	143130102	3,166	41,766	SH		SOLE		41,766	0	0
CHEVRON CORP NEW COM	cs	166764100	434	3,694	SH		SOLE		3,694	0	0
CISCO SYS INC COM	cs	17275R102	1,209	35,936	SH		SOLE		35,936	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	cs	192446102	3,817	52,626	SH		SOLE		52,626	0	0
COLGATE PALMOLIVE CO COM	cs	194162103	1,172	16,085	SH		SOLE		16,085	0	0
COMCAST CORP NEW CL A	cs	20030N101	201	5,213	SH		SOLE		5,213	0	0
COSTCO WHSL CORP NEW COM	cs	22160K105	3,312	20,160	SH		SOLE		20,160	0	0
CVS HEALTH CORP COM	cs	126650100	3,582	44,044	SH		SOLE		44,044	0	0
DISCOVER FINL SVCS COM	cs	254709108	4,837	75,019	SH		SOLE		75,019	0	0
DISNEY WALT CO COM DISNEY	cs	254687106	5,091	51,653	SH		SOLE		51,653	0	0
DOWNEY FINANCIAL CORP	cs	261018105	0	67,008	SH		SOLE		67,008	0	0
DUKE ENERGY CORP NEW COM	cs	26441C204	212	2,526	SH		SOLE		2,526	0	0
EDISON INTL COM	cs	281020107	463	6,000	SH		SOLE		6,000	0	0
ELECTRONIC ARTS INC COM	cs	285512109	3,426	29,019	SH		SOLE		29,019	0	0
EXXON MOBIL CORP COM	cs	30231G102	442	5,395	SH		SOLE		5,395	0	0
FACEBOOK INC CL A	cs	30303M102	4,157	24,331	SH		SOLE		24,331	0	0
FARMERS & MERCHANTS BANCORP CA	cs	307795104	483	761	SH		SOLE		761	0	0
FIREEYE INC COM	cs	31816Q101	2,493	148,643	SH		SOLE		148,643	0	0
GILEAD SCIENCES INC COM	cs	375558103	4,710	58,135	SH		SOLE		58,135	0	0
HAVERTY FURNITURE COS	cs	419596101	514	19,664	SH		SOLE		19,664	0	0
HOLLYFRONTIER CORP COM	cs	436106108	2,004	55,725	SH		SOLE		55,725	0	0
HONEYWELL INTL INC COM	cs	438516106	6,120	43,178	SH		SOLE		43,178	0	0
INTEL CORP COM	cs	458140100	202	5,305	SH		SOLE		5,305	0	0
JOHNSON & JOHNSON COM	cs	478160104	2,352	18,092	SH		SOLE		18,092	0	0
LAUDER ESTEE COS INC CL A	cs	518439104	4,641	43,032	SH		SOLE		43,032	0	0
LOCKHEED MARTIN CORP COM	cs	539830109	4,689	15,112	SH		SOLE		15,112	0	0
MARRIOTT INTL INC NEW CL A	cs	571903202	4,425	40,131	SH		SOLE		40,131	0	0
MICROSOFT CORP COM	cs	594918104	2,467	33,124	SH		SOLE		33,124	0	0
MIDDLEBY CORP COM	cs	596278101	1,925	15,019	SH		SOLE		15,019	0	0
NEXTERA ENERGY INC COM	cs	65339F101	1,026	7,000	SH		SOLE		7,000	0	0
NIKE INC CL B	cs	654106103	2,671	51,509	SH		SOLE		51,509	0	0
NVR INC COM	cs	62944T105	4,888	1,712	SH		SOLE		1,712	0	0
PAYPAL HLDGS INC COM	cs	70450Y103	4,538	70,873	SH		SOLE		70,873	0	0
QUALCOMM INC COM	cs	747525103	651	12,557	SH		SOLE		12,557	0	0
QUINTILES IMS HOLDINGS INC	cs	74876Y101	2,408	25,331	SH		SOLE		25,331	0	0
RETAIL PPTYS AMER INC CL A	cs	76131V202	209	15,942	SH		SOLE		15,942	0	0
SHERWIN WILLIAMS CO COM	cs	824348106	6,203	17,325	SH		SOLE		17,325	0	0
SKYWORKS SOLUTIONS INC COM	cs	83088M102	1,809	17,751	SH		SOLE		17,751	0	0
STARBUCKS CORP COM	cs	855244109	4,806	89,472	SH		SOLE		89,472	0	0
STERICYCLE INC COM	cs	858912108	2,143	29,920	SH		SOLE		29,920	0	0
SYSCO CORP COM	cs	871829107	3,812	70,659	SH		SOLE		70,659	0	0
TD AMERITRADE HLDG CORP COM	cs	87236Y108	4,570	93,643	SH		SOLE		93,643	0	0
UNITED PARCEL SERVICE INC CL B	cs	911312106	1,323	11,020	SH		SOLE		11,020	0	0
UNITED TECHNOLOGIES CORP COM	cs	913017109	4,093	35,259	SH		SOLE		35,259	0	0
US BANCORP DEL COM NEW	cs	902973304	565	10,538	SH		SOLE		10,538	0	0
V F CORP COM	cs	918204108	672	10,575	SH		SOLE		10,575	0	0
VERIZON COMMUNICATIONS INC COM	cs	92343V104	4,748	95,940	SH		SOLE		95,940	0	0
VISA INC COM CL A	cs	92826C839	6,285	59,723	SH		SOLE		59,723	0	0
WELLS FARGO & CO NEW COM	cs	949746101	706	12,810	SH		SOLE		12,810	0	0
WILLIAMS SONOMA INC COM	cs	969904101	851	17,074	SH		SOLE		17,074	0	0
ZOETIS INC CL A	cs	98978V103	3,132	49,114	SH		SOLE		49,114	0	0
AMERICAN BALANCED FD CL A	cs	024071102	391	14,496	SH		SOLE		14,496	0	0
AMERICAN MUT FD CL A	cs	027681105	705	17,339	SH		SOLE		17,339	0	0
CAPITAL INCOME BLDR FD SH BEN	cs	140193103	358	5,698	SH		SOLE		5,698	0	0
EURO PAC GROWTH FD SH BEN INT	cs	298706102	260	4,690	SH		SOLE		4,690	0	0
FIDELITY SELECT PORTFOLIOS HEA	cs	316390301	201	864	SH		SOLE		864	0	0
GRANDEUR PEAK INTL OPPTY FUND	cs	317609352	43	10,710	SH		SOLE		10,710	0	0
INVESCO COMSTOCK FD CL A	cs	00143M711	616	24,017	SH		SOLE		24,017	0	0
INVESCO GROWTH AND INCOME FUND	cs	00142J362	585	20,541	SH		SOLE		20,541	0	0
INVESTMENT CO AMER CL A	cs	461308108	407	10,078	SH		SOLE		10,078	0	0
PRICE T ROWE MEDIA & TELECMS C	cs	741454102	331	3,523	SH		SOLE		3,523	0	0
T ROWE PRICE HEALTH SCIENCES F	cs	741480107	362	4,866	SH		SOLE		4,866	0	0
TEMPLETON FDS INC FOREIGN FD A	cs	880196209	118	14,843	SH		SOLE		14,843	0	0
VANGUARD SPECIALIZED PORTFOLIO	cs	921908604	357	13,685	SH		SOLE		13,685	0	0
WASHINGTON MUT INVS FD INC COM	cs	939330106	816	18,317	SH		SOLE		18,317	0	0
ISHARES CORE S&P MID CAP ETF	et	464287507	19,776	110,544	SH		SOLE		110,544	0	0
ISHARES MRNGSTR LARGE CAP GROW	et	464287119	331	2,260	SH		SOLE		2,260	0	0
ISHARES RUSSELL 1000 INDEX ETF	et	464287622	507	3,626	SH		SOLE		3,626	0	0
ISHARES RUSSELL 2000 INDEX ETF	et	464287655	218	1,469	SH		SOLE		1,469	0	0
ISHARES TR CORE S&P500 ETF	et	464287200	15,984	63,196	SH		SOLE		63,196	0	0
ISHARES TR S&P SMALLCAP 600	et	464287804	16,427	221,334	SH		SOLE		221,334	0	0
VANGUARD FTSE DEVELOPED MARKET	et	921943858	27,746	639,163	SH		SOLE		639,163	0	0
VANGUARD FTSE EMERGING MARKETS	et	922042858	8,511	195,335	SH		SOLE		195,335	0	0
VANGUARD INDEX FDS REIT ETF	et	922908553	11,819	142,238	SH		SOLE		142,238	0	0
VANGUARD S&P 500 INDEX ETF	et	922908363	8,877	38,469	SH		SOLE		38,469	0	0