Karp 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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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
3M COMPANY	COMMON	88579y101	623	4,397	SH		SOLE		3,197	0	1,200
ABBOTT LABS	COMMON	002824100	94	2,344	SH		SOLE		1,944	0	400
ABBVIE	COMMON	00287Y109	30	550	SH		SOLE		550	0	0
ACCENTURE	COMMON	G1151c101	1,954	19,882	SH		SOLE		14,337	0	5,545
ACE LIMITED	COMMON	h0023r105	31	302	SH		SOLE		0	0	302
ADVANCED ENERGY INDUS	COMMON	007973100	16	600	SH		SOLE		600	0	0
AETNA	COMMON	00817y108	97	890	SH		SOLE		590	0	300
AGILENT TECH	COMMON	00846u101	3	100	SH		SOLE		100	0	0
AKAMAI TECH	COMMON	00971t101	48	700	SH		SOLE		700	0	0
ALASKA AIR	COMMON	011659109	370	4,660	SH		SOLE		3,960	0	700
ALCATEL-LUCENT	ADR	013904305	0	14	SH		SOLE		14	0	0
ALIBABA GROUP	COMMON	01609W102	7	120	SH		SOLE		120	0	0
ALLETE	COMMON	018522300	8	158	SH		SOLE		0	0	158
ALLIANCE CALIF MUNI INCO	COMMON	018546101	141	10,288	SH		SOLE		10,288	0	0
ALLIANT ENERGY	COMMON	018802108	5	82	SH		SOLE		0	0	82
ALPS ETF TR ALERIAN MLF ETF	COMMON	00162Q866	1	118	SH		SOLE		118	0	0
ALTRIA GROUP	COMMON	02209s103	237	4,355	SH		SOLE		3,019	0	1,335
AMAZON.COM	COMMON	023135106	79	155	SH		SOLE		155	0	0
AMERICAN AIRLINES	COMMON	02376R102	1,787	46,010	SH		SOLE		34,030	0	11,980
AMERICAN ELEC PWR	COMMON	025537101	117	2,057	SH		SOLE		1,240	0	817
AMERICAN EXPRESS	COMMON	025816109	245	3,304	SH		SOLE		3,100	0	204
AMGEN	COMMON	031162100	181	1,305	SH		SOLE		1,300	0	5
ANALOG DEVICES	COMMON	032654105	8	146	SH		SOLE		146	0	0
APPLE	COMMON	037833100	4,104	37,207	SH		SOLE		27,581	0	9,625
AQUA AMERICA	COMMON	03836w103	28	1,058	SH		SOLE		0	0	1,058
ARCHER DANIELS MIDLAND	COMMON	039483102	95	2,295	SH		SOLE		2,295	0	0
ARRIS GROUP INC	COMMON	04270V106	7	280	SH		SOLE		280	0	0
AT&T	COMMON	00206r102	935	28,713	SH		SOLE		3,101	0	25,612
ATMOS ENERGY	COMMON	049560105	3	56	SH		SOLE		0	0	56
AUTOMATIC DATA PROCESSING	COMMON	053015103	125	1,550	SH		SOLE		750	0	800
AVIS BUDGET GROUP	COMMON	053774105	1,376	31,507	SH		SOLE		22,752	0	8,755
AXA ADS-EACH REP 1 ORDEUR2.29	COMMON	054536107	8	329	SH		SOLE		192	0	137
BANK NEW YORK MELLON	COMMON	064058100	45	1,150	SH		SOLE		1,150	0	0
BARCLAYS ETN ENHANCE EUROPE	COMMON	06742C129	5	54	SH		SOLE		54	0	0
BARNES GRP	COMMON	067806109	1	38	SH		SOLE		0	0	38
BASF SE ADR	COMMON	055262505	7	97	SH		SOLE		97	0	0
BAXALTA INC	COMMON	07177M103	17	535	SH		SOLE		535	0	0
BAXTER INTL	COMMON	071813109	18	535	SH		SOLE		535	0	0
BB& T	COMMON	054937107	21	588	SH		SOLE		588	0	0
BECTON DICKINSON	COMMON	075887109	101	763	SH		SOLE		325	0	438
BERKSHIRE HATHAWAY CL B	CLASS B	084670702	2,886	22,135	SH		SOLE		15,610	0	6,525
BIOTECH HOLDRS TR	COMMON	57060U183	74	650	SH		SOLE		650	0	0
BLACKROCK	COMMON	09247X101	45	150	SH		SOLE		150	0	0
BLACKROCK ENHANCED EQ DIV	COMMON	09251a104	1	108	SH		SOLE		0	0	108
BLACKROCK LTD DURATION INCO TR	COMMON	09249w101	2	141	SH		SOLE		0	0	141
BLACKROCK MUNI HOLDINGS CALIF	COMMON	09254l107	1,326	92,262	SH		SOLE		66,162	0	26,100
BLACKROCK MUNI YIELD CALIF	COMMON	09254m105	1,382	87,238	SH		SOLE		68,413	0	18,825
BLACKROCK MUNI YIELD CALIF INS	COMMON	09254n103	130	8,700	SH		SOLE		5,500	0	3,200
BLACKSTONE GROUP	COMMON	09253U108	3,406	107,560	SH		SOLE		76,695	0	30,865
BRISTOL MYERS SQUIBB	COMMON	110122108	292	4,939	SH		SOLE		4,939	0	0
BRITISH AMERICAN TOBACCO	COMMON	110448107	14	131	SH		SOLE		131	0	0
BROADCOM CORP CLA	COMMON	111320107	16	320	SH		SOLE		320	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COMMON	11133t103	46	835	SH		SOLE		485	0	350
CATALYST PHARMACEUTICAL	COMMON	14888U101	9	3,000	SH		SOLE		3,000	0	0
CDK GLOBAL	COMMON	12508E101	51	1,065	SH		SOLE		799	0	266
CELGENE CORP	COMMON	151020104	27	250	SH		SOLE		125	0	125
CELLDEX THERAPEUTICS INC NEW C	COMMON	15117B103	1	100	SH		SOLE		100	0	0
CENTURY TEL	COMMON	156700106	41	1,630	SH		SOLE		1,630	0	0
CERNER CORP	COMMON	156782104	36	600	SH		SOLE		600	0	0
CHARLES SCHWAB	COMMON	808513105	7	231	SH		SOLE		231	0	0
CHEVRON	COMMON	166764100	165	2,087	SH		SOLE		2,087	0	0
CHIPOTLE MEXICAN GRILL	COMMON	169656105	1	2	SH		SOLE		2	0	0
CHUBB CORP	COMMON	171232101	196	1,599	SH		SOLE		1,199	0	400
CHURCH & DWIGHT INC	COMMON	171340102	126	1,500	SH		SOLE		1,200	0	300
CINTAS	COMMON	172908105	2,191	25,555	SH		SOLE		17,505	0	8,050
CISCO SYS INC	COMMON	17275r102	45	1,700	SH		SOLE		1,700	0	0
CITIZENS & NORTHERN	COMMON	172922106	1	29	SH		SOLE		0	0	29
CITRIX SYSTEMS	CLASS A	177376100	54	780	SH		SOLE		480	0	300
CME GROUP INC	COMMON	12572q105	10	109	SH		SOLE		109	0	0
COCA COLA	COMMON	191216100	33	825	SH		SOLE		825	0	0
COLGATE-PALMOLIVE	CLASS A	194162103	718	11,312	SH		SOLE		8,212	0	3,100
COMCAST	COMMON	20030n101	2,649	46,573	SH		SOLE		31,823	0	14,750
COMCAST	COMMON	20030n200	120	2,100	SH		SOLE		1,500	0	600
COMPUTERSHARE	COMMON	20557R105	6	818	SH		SOLE		818	0	0
CORNING INC	COMMON	219350105	78	4,528	SH		SOLE		1,128	0	3,400
COSTCO WHOLESALE	COMMON	22160k105	841	5,820	SH		SOLE		4,870	0	950
CSX CORP	COMMON	126408103	40	1,500	SH		SOLE		500	0	1,000
CULLEN FROST BANKERS	COMMON	229899109	19	300	SH		SOLE		300	0	0
CUMMINS	COMMON	231021106	71	650	SH		SOLE		550	0	100
CVS CAREMARK	CLASS B	126650100	530	5,494	SH		SOLE		3,725	0	1,769
DAIMLER AG ADR	COMMON	233825108	14	190	SH		SOLE		190	0	0
DB X TRACKERS MSCI GERMANY	COMMON	233051408	1,159	52,339	SH		SOLE		42,029	0	10,310
DDR	COMMON	23317H102	1	52	SH		SOLE		0	0	52
DEERE & COMPANY	COMMON	244199105	15	200	SH		SOLE		0	0	200
DELTA AIR LINES	COMMON	247361702	18	401	SH		SOLE		401	0	0
DEUTSCHE X-TRCKRS EAFE HEDG	COMMON	233051200	36	1,365	SH		SOLE		1,365	0	0
DIAGEO	COMMON	25243q205	102	950	SH		SOLE		950	0	0
DIAMONDS TRUST SER I	COMMON	252787106	21	130	SH		SOLE		0	0	130
DIGITAL REALTY TRUST	COMMON	253868103	4	55	SH		SOLE		55	0	0
DISCOVER FINANCIAL SERVICES	COMMON	254709108	311	5,975	SH		SOLE		4,225	0	1,750
DISH NETWORK	COMMON	25470m109	39	675	SH		SOLE		275	0	400
DISNEY WALT	COMMON	254687106	691	6,762	SH		SOLE		5,262	0	1,500
DOLBY LABS INC CL A	COMMON	25659t107	16	500	SH		SOLE		0	0	500
DOLLAR GENERAL	COMMON	256669102	2,298	31,725	SH		SOLE		21,475	0	10,250
DR PEPPER SNAPPLE	COMMON	26138e109	0	1	SH		SOLE		1	0	0
DU PONT E I DE NEMOUR	COMMON	263534109	27	550	SH		SOLE		550	0	0
DUKE ENERGY	COMMON	26441c105	3	38	SH		SOLE		0	0	38
DYNERGY	COMMON	26817R116	0	1	SH		SOLE		1	0	0
E.ON AG SPONS	COMMON	268780103	10	1,138	SH		SOLE		1,138	0	0
EATON VANCE LTD DURATION INCO	COMMON	27828h105	1	100	SH		SOLE		0	0	100
ECOLAB	COMMON	278865100	129	1,180	SH		SOLE		880	0	300
EMPRIE STATE REALTY	COMMON	292104106	3	200	SH		SOLE		200	0	0
FACEBOOK	COMMON	30303m102	2,743	30,517	SH		SOLE		27,342	0	3,175
FEDEX CORP	COMMON	31428x106	138	960	SH		SOLE		760	0	200
FIDELITY MSCI MATLS INDEX ETF	COMMON	316092881	45	2,000	SH		SOLE		2,000	0	0
FIDELITY NATL FINANCIAL	COMMON	31620R402	4	333	SH		SOLE		333	0	0
FIDELITY NATL FINL	COMMON	31620r105	1,230	34,675	SH		SOLE		24,125	0	10,550
FIFTH THIRD BANCORP	COMMON	316773100	2	100	SH		SOLE		100	0	0
FIREEYE INC	COMMON	31816Q101	10	300	SH		SOLE		100	0	200
FIRST REPUBLIC	COMMON	3616C100	1,639	26,115	SH		SOLE		17,340	0	8,775
FIRST STRUST CONSUMER STAPLES	COMMON	33734X119	8	200	SH		SOLE		200	0	0
FIRSTENERGY	COMMON	337932107	1	18	SH		SOLE		0	0	18
FISHER ENHANCED BIG CAP GROWTH	COMMON	90267L508	43	797	SH		SOLE		797	0	0
FLORIDA INSD MUNS INCO TR UNIT	COMMON	34074A107	5	17	SH		SOLE		0	0	17
FORTUNE BRANDS HOME & SECURITY	COMMON	34964c106	9	200	SH		SOLE		200	0	0
FREEPORT MCMORAN COPPER & GOLD	COMMON	35671d857	41	4,200	SH		SOLE		4,200	0	0
FS INVESTMENT CORP	COMMON	302635107	9	1,000	SH		SOLE		1,000	0	0
GALLAGHER ARTHUR J & CO	COMMON	363576109	21	500	SH		SOLE		400	0	100
GEMALTO	COMMON	n3465m108	2	32	SH		SOLE		0	0	32
GENERAL DYNAMIC	COMMON	369550108	246	1,780	SH		SOLE		1,080	0	700
GENERAL ELECTRIC	COMMON	369604103	691	27,387	SH		SOLE		18,007	0	9,380
GENERAL GROWTH PPTYS	COMMON	370021107	16	615	SH		SOLE		615	0	0
GENERAL MILLS	COMMON	370334104	1,941	34,575	SH		SOLE		23,135	0	11,440
GENTHERM	COMMON	03070L300	1,195	26,600	SH		SOLE		20,700	0	5,900
GENUINE PARTS	COMMON	372460105	155	1,875	SH		SOLE		1,875	0	0
GILEAD SCIENCES	COMMON	375558103	115	1,172	SH		SOLE		1,172	0	0
GLAXO SMITHKLINE	COMMON	37733w105	18	457	SH		SOLE		457	0	0
GLOBAL NET LEASE	COMMON	379378102	330	35,862	SH		SOLE		35,862	0	0
GOLDMAN SACHS	COMMON	38141g104	231	1,330	SH		SOLE		900	0	430
GOLDMAN SACHS GROUP INC DEP	COMMON	38144x500	18	700	SH		SOLE		700	0	0
GOLDMAN SACHS GRP DEPOSITARY	COMMON	38143y665	96	5,000	SH		SOLE		5,000	0	0
GOOGLE CL A	COMMON	38259P508	2,522	3,950	SH		SOLE		3,090	0	860
GUGGENHEIM S&P MIDCAP 400 PURE	COMMON	78355W502	224	4,680	SH		SOLE		3,935	0	745
GUGGENHEIM S&P SM CAP 600 PURE	COMMON	78355W809	159	1,975	SH		SOLE		950	0	1,025
H & R BLOCK	COMMON	093671105	2	55	SH		SOLE		0	0	55
HALYARD HEALTH INC.	COMMON	40650V100	0	3	SH		SOLE		3	0	0
HARTFORD FINL	COMMON	416515104	252	5,500	SH		SOLE		2,000	0	3,500
HCA	COMMON	40412c101	202	2,615	SH		SOLE		2,615	0	0
HEALTH CARE REIT	COMMON	42217K106	7	100	SH		SOLE		100	0	0
HERSHEY CO	COMMON	427866108	55	600	SH		SOLE		600	0	0
HILTON HOTELS	COMMON	432848109	115	5,000	SH		SOLE		3,000	0	2,000
HOME DEPOT	COMMON	437076102	2,963	25,659	SH		SOLE		19,732	0	5,927
HONEYWELL INTL	COMMON	438516106	26	275	SH		SOLE		275	0	0
HOWARD HUGHES	COMMON	44267d107	7	59	SH		SOLE		59	0	0
HSBC HOLDINGS	COMMON	404280406	0	2	SH		SOLE		0	0	2
I SHARES BARCLAYS 1-3 YEAR TRE	COMMON	464287457	23	268	SH		SOLE		8	0	260
I SHARES BARCLAYS US AGGREGATE	COMMON	464287226	57	522	SH		SOLE		172	0	350
I SHARES DOW JONES SELECT DIV	COMMON	464287168	2,799	38,478	SH		SOLE		26,178	0	12,300
I SHARES DOW JONES U.S. R.E. I	COMMON	464287739	322	4,540	SH		SOLE		4,540	0	0
I SHARES DOW JONES US PHARMACE	COMMON	464288836	1,605	10,840	SH		SOLE		10,590	0	250
I SHARES EAFE VAL INDX	COMMON	464288877	16	335	SH		SOLE		335	0	0
I SHARES IBOXX INVEST GRADE	COMMON	464287242	3,627	31,240	SH		SOLE		24,690	0	6,550
I SHARES INC MSCI HONG KONG IN	COMMON	464286871	5	250	SH		SOLE		250	0	0
I SHARES INC MSCI SINGAPORE	COMMON	464286673	18	1,737	SH		SOLE		1,737	0	0
I SHARES INC MSCI TAIWAN	COMMON	464286731	175	13,265	SH		SOLE		11,265	0	2,000
I SHARES MSCI EAFE SM CAP INDX	COMMON	464288273	90	1,885	SH		SOLE		700	0	1,185
I SHARES MSCI GERMANY	COMMON	464286806	62	2,500	SH		SOLE		2,500	0	0
I SHARES MSCI SWEDEN INDX	COMMON	464286756	2,436	83,920	SH		SOLE		58,120	0	25,800
I SHARES RUSSELL 1000 GRWTH	COMMON	464287614	526	5,652	SH		SOLE		3,402	0	2,250
I SHARES RUSSELL 2000	COMMON	464287655	149	1,365	SH		SOLE		1,365	0	0
I SHARES RUSSELL 2000 GRWTH	COMMON	464287648	3,701	27,627	SH		SOLE		19,371	0	8,256
I SHARES RUSSELL MID CAP GRWTH	COMMON	464287481	3,272	36,929	SH		SOLE		27,670	0	9,259
I SHARES RUSSELL MID CAP VAL	COMMON	464287473	1,122	16,723	SH		SOLE		13,090	0	3,633
I SHARES SILVER TR	COMMON	46428q109	65	4,700	SH		SOLE		3,250	0	1,450
I SHARES TR DOW JONES AEROSPAC	COMMON	464288760	711	6,520	SH		SOLE		4,920	0	1,600
I SHARES TR NASDAQ BIOTECHNOLO	COMMON	464287556	342	1,126	SH		SOLE		911	0	215
I SHARES TR S&P SM CAP 600 VAL	COMMON	464287879	48	457	SH		SOLE		457	0	0
I SHARES TR S&P U S PFD STK	COMMON	464288687	2,579	66,815	SH		SOLE		50,885	0	15,930
I SHARES TR TRANSPORTATION	COMMON	464287192	35	250	SH		SOLE		250	0	0
I SHARES U.S. FINANCIALS	COMMON	464287788	40	470	SH		SOLE		0	0	470
ILLINOIS TOOL WORKS	COMMON	452308109	31	378	SH		SOLE		378	0	0
ILLUMINA INC	COMMON	452327109	78	441	SH		SOLE		191	0	250
IMMUNOMEDICS	COMMON	452907108	3	1,500	SH		SOLE		1,500	0	0
IMPERVA	COMMON	45321L100	92	1,400	SH		SOLE		1,400	0	0
INDIA FD	COMMON	454089103	3,020	123,970	SH		SOLE		86,700	0	37,270
ING GROEP N.V. 6.375% PERPETUA	COMMON	456837608	40	1,600	SH		SOLE		0	0	1,600
INTEL	COMMON	458140100	25	833	SH		SOLE		200	0	633
INTERCONTINENTAL EXCH	COMMON	45865v100	392	1,670	SH		SOLE		1,395	0	275
INTL PAPER CO	COMMON	460146103	57	1,500	SH		SOLE		0	0	1,500
INTUIT	COMMON	461202103	12	134	SH		SOLE		134	0	0
IPLAYCO CORP LTD	COMMON	46263M106	1	3,000	SH		SOLE		3,000	0	0
ISHARES BARCLAYS 20+ YEAR TREA	COMMON	464287432	844	6,835	SH		SOLE		5,770	0	1,065
ISHARES BARCLAYS MBS BOND FD	COMMON	464288588	90	825	SH		SOLE		600	0	225
ISHARES CORE US CREDIT BOND	COMMON	464288620	32	294	SH		SOLE		294	0	0
ISHARES EUROPE ETF	COMMON	464287861	767	19,275	SH		SOLE		13,505	0	5,770
ISHARES HIGH DIVIDEND ETF	COMMON	46429B663	68	975	SH		SOLE		0	0	975
ISHARES INTL SELECT DIV	COMMON	464288448	47	1,675	SH		SOLE		1,500	0	175
ISHARES MORTGAGE REAL ESTATE C	COMMON	464288539	1,184	119,130	SH		SOLE		78,930	0	40,200
ISHARES NATL AMT FREE MUNI	COMMON	464288414	305	2,785	SH		SOLE		1,950	0	835
ISHARES S&P MID CAP 400 GROWTH	COMMON	464287606	34	214	SH		SOLE		214	0	0
ISHARES TR MSCI EAFE INDX	COMMON	464287465	52	910	SH		SOLE		910	0	0
ISHARES U.S. INSURANCE ETF	COMMON	464288786	125	2,565	SH		SOLE		2,180	0	385
ISHARES US HEALTHCARE ETF	COMMON	464287762	167	1,191	SH		SOLE		1,143	0	48
ISHARES UTILITIES	COMMON	464287697	32	300	SH		SOLE		300	0	0
JACOBS ENGR GROUP	COMMON	469814107	73	1,950	SH		SOLE		1,950	0	0
JAPAN HEDGE EQUITY	COMMON	97717W851	0	1	SH		SOLE		1	0	0
JEAN COUTU GROUP	COMMON	47215q104	3	200	SH		SOLE		0	0	200
JOHNSON & JOHNSON	COMMON	478160104	42	453	SH		SOLE		140	0	313
JOHNSON CTLS	COMMON	478366107	21	500	SH		SOLE		500	0	0
KELLOGG	COMMON	487836108	32	481	SH		SOLE		0	0	481
KEY CORP	COMMON	493267108	14	1,050	SH		SOLE		0	0	1,050
KEYSIGHT TECHNOLOGIES INC	COMMON	49338L103	2	50	SH		SOLE		50	0	0
KINDER MORGAN WARRANTS	COMMON	49456b119	0	31	SH		SOLE		19	0	12
KOMATSU	COMMON	500458401	8	560	SH		SOLE		560	0	0
KRAFT HEINZ CO	COMMON	500754106	8	116	SH		SOLE		116	0	0
KROGER	COMMON	501044101	9	240	SH		SOLE		240	0	0
L'OREAL SA ADR	COMMON	502117203	13	370	SH		SOLE		370	0	0
LAZARD LTD	COMMON	g54050102	838	19,361	SH		SOLE		13,286	0	6,075
LEAR CORP	COMMON	521865105	11	100	SH		SOLE		100	0	0
LENNAR CORP CLA	COMMON	526057104	87	1,800	SH		SOLE		1,800	0	0
LIGHTIN THE BOX	COMMON	53225G102	1	200	SH		SOLE		200	0	0
LINCOLN NATIONAL	COMMON	534187109	57	1,200	SH		SOLE		0	0	1,200
LINKEDIN	COMMON	53578a108	217	1,139	SH		SOLE		1,139	0	0
LOCKHEED MARTIN	COMMON	539830109	416	2,008	SH		SOLE		1,758	0	250
LPL FINANCIAL HOLDINGS	COMMON	50212V100	3	68	SH		SOLE		68	0	0
LUMOS NETWORKS	COMMON	550283105	1	100	SH		SOLE		100	0	0
LVMH MOET-HENNESSY LOUIS VUITT	COMMON	502441306	123	3,606	SH		SOLE		2,306	0	1,300
MACQUARIE INFRASTRUCTURE CO	COMMON	55608B105	37	500	SH		SOLE		0	0	500
MAHANAGAR TELEPHONE	COMMON	559778402	0	100	SH		SOLE		0	0	100
MARRIOTT VACATIONS WORLDWIDE	COMMON	57164y107	65	950	SH		SOLE		850	0	100
MARSH & MCLENNAN	COMMON	571748102	68	1,302	SH		SOLE		1,302	0	0
MASCO	COMMON	574599106	1,946	77,273	SH		SOLE		48,773	0	28,500
MASTERCARD	COMMON	57636q104	50	550	SH		SOLE		550	0	0
MCDONALDS	COMMON	580135101	91	925	SH		SOLE		200	0	725
MCGRAW HILL FINANCIAL INC	COMMON	580645109	35	400	SH		SOLE		0	0	400
MCKESSON	COMMON	58155Q103	130	700	SH		SOLE		300	0	400
MEDNAX INC COM	COMMON	58502B106	92	1,200	SH		SOLE		400	0	800
MEDTRONIC	COMMON	585055106	105	1,570	SH		SOLE		1,105	0	465
MERCK	COMMON	58933y105	129	2,621	SH		SOLE		2,157	0	464
MGE ENERGY	COMMON	55277P104	6	150	SH		SOLE		0	0	150
MICROSOFT	COMMON	594918104	154	3,476	SH		SOLE		2,468	0	1,008
MITSUBISHI CORP	COMMON	606769305	5	158	SH		SOLE		158	0	0
MONSANTO	COMMON	61166w101	87	1,014	SH		SOLE		1,014	0	0
MORGAN STANLEY CAP TRIII CAP S	COMMON	617460209	122	4,820	SH		SOLE		3,820	0	1,000
MYRIAD GENETICS INC	COMMON	62855J104	4	100	SH		SOLE		100	0	0
NANOMETRICS	COMMON	630077105	4	300	SH		SOLE		300	0	0
NESTLE	COMMON	641069406	62	832	SH		SOLE		582	0	250
NETFLIX COM INC COM	COMMON	64110l106	33	315	SH		SOLE		315	0	0
NEWELL RUBBERMAID	COMMON	651229106	501	12,605	SH		SOLE		9,790	0	2,815
NEXTERA ENERGY (formerly FPL)	COMMON	302571104	2	160	SH		SOLE		160	0	0
NORDSTROM	COMMON	655664100	186	2,600	SH		SOLE		2,600	0	0
NOVARTIS	COMMON	66987v109	87	951	SH		SOLE		560	0	391
NOVO NORDISK	COMMON	670100205	23	425	SH		SOLE		425	0	0
NRG ENERGY	COMMON	629377508	2	104	SH		SOLE		104	0	0
OKLAHOMA GAS & ENERGY	COMMON	670837103	10	356	SH		SOLE		0	0	356
OMNICOM	COMMON	681919106	115	1,750	SH		SOLE		900	0	850
ONE GAS INC	COMMON	68235P108	0	0	SH		SOLE		0	0	0
ONEOK	COMMON	682680103	1	41	SH		SOLE		0	0	41
ORACLE	COMMON	68389x105	11	318	SH		SOLE		318	0	0
PACCAR INC	COMMON	693718108	99	1,900	SH		SOLE		1,900	0	0
PAYCHEX INC	COMMON	704326107	630	13,225	SH		SOLE		9,325	0	3,900
PENTAIR PLC	COMMON	H6169Q108	5	89	SH		SOLE		89	0	0
PEPCO HLDGS	COMMON	713291102	15	600	SH		SOLE		600	0	0
PEPSICO	COMMON	713448108	25	263	SH		SOLE		175	0	88
PEREGRINE PHARMACEUTICALS	COMMON	713661304	2	2,000	SH		SOLE		2,000	0	0
PERKINELMER	COMMON	714046109	28	600	SH		SOLE		600	0	0
PFIZER	COMMON	717081103	131	4,174	SH		SOLE		4,174	0	0
PG & E	COMMON	69331c108	75	1,415	SH		SOLE		1,215	0	200
PHILIP MORRIS	COMMON	718172109	1,330	16,761	SH		SOLE		12,876	0	3,885
PIEDMONT NATURAL GAS	COMMON	720186105	1	28	SH		SOLE		0	0	28
PINNACLE WEST	COMMON	723484101	209	3,261	SH		SOLE		0	0	3,261
PNC FINL SVCS	COMMON	693475105	46	512	SH		SOLE		512	0	0
PNM RESOURCES	COMMON	69349h107	9	316	SH		SOLE		0	0	316
POOL CORP	COMMON	73278L105	22	300	SH		SOLE		300	0	0
PORTOLA PHARMACEUTICALS	COMMON	737010108	15	350	SH		SOLE		350	0	0
POWERSHARES BUYBACK ACHIEVERS	COMMON	73935X286	16	370	SH		SOLE		370	0	0
POWERSHARES DB GERMAN BUND FUT	COMMON	25154w506	22	800	SH		SOLE		800	0	0
POWERSHARES ETF DYNAMIC	COMMON	73935X757	2,047	57,437	SH		SOLE		45,048	0	12,389
POWERSHARES ETF TR DYNAMIC C	COMMON	73935x393	248	4,600	SH		SOLE		0	0	4,600
POWERSHARES EXCHANGE TRADED FD	COMMON	73937B407	10	355	SH		SOLE		355	0	0
POWERSHARES EXCHANGE TRADED FD	COMMON	73937B878	3,081	74,179	SH		SOLE		51,244	0	22,935
POWERSHARES QQQ TR UNIT SER 1	COMMON	73935a104	440	4,325	SH		SOLE		3,275	0	1,050
POWERSHARES S&P SM CAP FINANCI	COMMON	73937B803	1,515	37,511	SH		SOLE		25,166	0	12,345
PPG INDUSTRIES	COMMON	693506107	156	1,784	SH		SOLE		1,384	0	400
PROCTER & GAMBLE	COMMON	742718109	40	555	SH		SOLE		240	0	315
PROSHARES TR ULTRA REAL ESTATE	COMMON	74347X625	2	18	SH		SOLE		18	0	0
PROSHARES ULTRA QQQ	COMMON	74347r206	3,045	46,818	SH		SOLE		30,403	0	16,415
PRUDENTIAL FINL	COMMON	744320102	41	540	SH		SOLE		540	0	0
PUBLIC STORAGE	COMMON	74460d109	29	135	SH		SOLE		135	0	0
QUESTAR	COMMON	748356102	3	165	SH		SOLE		165	0	0
RAYTHEON CO COM NEW	COMMON	755111507	2,610	23,884	SH		SOLE		16,692	0	7,192
REGENERON PHARMACEUTICALS	COMMON	75886F107	23	50	SH		SOLE		50	0	0
REGIONS FINL	COMMON	7591ep100	2	253	SH		SOLE		0	0	253
REYNOLDS AMERICAN	COMMON	761713106	81	1,831	SH		SOLE		1,541	0	290
RITE AID	COMMON	767754104	29	4,700	SH		SOLE		4,700	0	0
ROCHE HOLDING	COMMON	771195104	79	2,417	SH		SOLE		1,617	0	800
ROUSE PROPERTIES	COMMON	779287101	0	23	SH		SOLE		23	0	0
RYDER SYSTEM INC	COMMON	783549108	21	279	SH		SOLE		279	0	0
SANDVIK AB	COMMON	800212201	12	1,470	SH		SOLE		1,470	0	0
SANOFI	COMMON	80105N105	31	657	SH		SOLE		657	0	0
SAP SE ADS	COMMON	803054204	22	333	SH		SOLE		333	0	0
SECTOR SPDR CONSUMER STAPLES	COMMON	81369y308	4,880	103,410	SH		SOLE		74,732	0	28,678
SECTOR SPDR SHS UTILITIES	COMMON	81369y886	5,298	122,393	SH		SOLE		87,978	0	34,415
SELECT SECTOR SPDR HEALTHCARE	COMMON	81369y209	920	13,892	SH		SOLE		13,442	0	450
SEMPRA ENERGY	COMMON	816851109	154	1,588	SH		SOLE		1,366	0	222
SHERWIN WILLIAMS CO	COMMON	824348106	22	100	SH		SOLE		100	0	0
SIEMENS	COMMON	826197501	10	117	SH		SOLE		117	0	0
SKF AB SPON ADR	COMMON	784375404	3	176	SH		SOLE		176	0	0
SKYWORKS SOLUTIONS INC COM	COMMON	83088M102	764	9,074	SH		SOLE		6,419	0	2,655
SMUCKER J M	COMMON	832696405	12	108	SH		SOLE		0	0	108
SO JERSEY INDS	COMMON	838518108	11	434	SH		SOLE		0	0	434
SOUTHERN CO	COMMON	842587107	2	34	SH		SOLE		0	0	34
SOUTHWEST GAS	COMMON	844895102	6	100	SH		SOLE		0	0	100
SPDR CONSUMER	COMMON	81369y407	3,848	51,817	SH		SOLE		37,817	0	14,000
SPDR S&P 500 ETF TRUSTUNIT SER	COMMON	78462f103	279	1,455	SH		SOLE		1,455	0	0
SPDR SER TR S&P HOMEBUILDERS	COMMON	78464a888	3,301	96,425	SH		SOLE		68,468	0	27,957
SPDR SER TR S&P REGL BKG ETF	COMMON	78464A698	2,947	71,564	SH		SOLE		51,559	0	20,005
SPDR SHS BEN INT TECHNOLOGY	COMMON	81369y803	40	1,005	SH		SOLE		1,005	0	0
STARBUCKS CORP	COMMON	855244109	1,476	25,975	SH		SOLE		18,675	0	7,300
STEWART INFORMATION SVCS CORP	COMMON	860372101	8	200	SH		SOLE		200	0	0
STRYKER	COMMON	863667101	41	436	SH		SOLE		0	0	436
SUPERCOM	COMMON	M87095119	5	600	SH		SOLE		0	0	600
T ROWE PRICE GRP	COMMON	74144t108	4	55	SH		SOLE		55	0	0
TALEN ENERGY CORP	COMMON	87422J105	7	669	SH		SOLE		99	0	570
TARGET	COMMON	87612e106	31	400	SH		SOLE		400	0	0
TELENOR ASA	COMMON	87944W105	4	72	SH		SOLE		72	0	0
TENAX THERAPEUTICS	COMMON	88032L100	2	700	SH		SOLE		700	0	0
TESLA MOTORS	COMMON	88160R101	88	356	SH		SOLE		356	0	0
TEXAS INSTRUMENTS	COMMON	882508104	2	32	SH		SOLE		0	0	32
THERMO FISHER SCIENTIFIC	COMMON	883556102	141	1,150	SH		SOLE		950	0	200
TJX COMPANIES	COMMON	872540109	45	637	SH		SOLE		637	0	0
TOPBUILD CORP	COMMON	89055F103	281	9,084	SH		SOLE		5,432	0	3,652
TORONTO-DOMINION BANK	COMMON	891160509	6	143	SH		SOLE		143	0	0
TOTAL	COMMON	89151e109	1	26	SH		SOLE		0	0	26
TOYOTA MTRS	COMMON	892331307	36	310	SH		SOLE		160	0	150
TRAVELERS	COMMON	89417e109	396	3,981	SH		SOLE		2,981	0	1,000
TWITTER INC	COMMON	90184L102	11	400	SH		SOLE		400	0	0
TYSON FOODS	COMMON	902494103	3	76	SH		SOLE		0	0	76
UBS AG JERSEY TRACS ALERIAN	COMMON	902641646	25	925	SH		SOLE		0	0	925
UIL HOLDINGS	COMMON	902748102	3	55	SH		SOLE		0	0	55
UMPQUA HLDGS	COMMON	904214103	106	6,525	SH		SOLE		6,525	0	0
UNILEVER	COMMON	904784709	24	595	SH		SOLE		595	0	0
UNILEVER PLC ADR	COMMON	904767704	27	650	SH		SOLE		650	0	0
UNISYS	COMMON	909214108	0	4	SH		SOLE		0	0	4
UNITED CONTINENTAL HLDGS	COMMON	910047109	16	300	SH		SOLE		300	0	0
UNITED HEALTH GRP	COMMON	91324p102	209	1,800	SH		SOLE		1,800	0	0
UNITED TECHNOLOGIES	COMMON	913017109	251	2,820	SH		SOLE		2,820	0	0
US BANCORP	COMMON	902973304	160	3,900	SH		SOLE		2,700	0	1,200
VANGUARD DIV APPREC	COMMON	921908844	2,785	37,763	SH		SOLE		30,663	0	7,100
VANGUARD ENERGY	COMMON	92204a306	85	1,000	SH		SOLE		1,000	0	0
VANGUARD EXTENDED MKT	COMMON	922908652	706	8,650	SH		SOLE		4,120	0	4,530
VANGUARD HEALTH	COMMON	92204a504	2,311	18,855	SH		SOLE		10,611	0	8,244
VANGUARD INDUSTRIALS	COMMON	92204A603	9	100	SH		SOLE		100	0	0
VANGUARD INDX FDS	COMMON	922908611	186	1,925	SH		SOLE		1,000	0	925
VANGUARD INFORM TECH	COMMON	92204a702	883	8,825	SH		SOLE		7,825	0	1,000
VANGUARD INTL EQUITY INDEX FDS	COMMON	922042874	10	211	SH		SOLE		61	0	150
VANGUARD INTL EQUITY INDEX FDS	COMMON	922042718	3	34	SH		SOLE		34	0	0
VANGUARD SHORT TERM BD	COMMON	921937827	1	9	SH		SOLE		9	0	0
VANGUARD SHORT TERM CORP BOND	COMMON	92206C409	21	260	SH		SOLE		260	0	0
VANGUARD TELECOMM	COMMON	92204a884	1,287	16,325	SH		SOLE		10,965	0	5,360
VANGUARD TOTAL BD MKT	COMMON	921937835	41	500	SH		SOLE		500	0	0
VANGUARD WRLD EX. DUR TREA	COMMON	921910709	2,820	23,802	SH		SOLE		17,170	0	6,632
VERITIV CORP	COMMON	923454102	10	278	SH		SOLE		0	0	278
VERIZON	COMMON	92343v104	21	494	SH		SOLE		494	0	0
VIRGIN AMERICA	COMMON	92765X208	5	145	SH		SOLE		145	0	0
VISA	COMMON	92826c839	2,263	32,487	SH		SOLE		23,607	0	8,880
W P CAREY	COMMON	92936U109	12	200	SH		SOLE		200	0	0
WELLS FARGO	COMMON	949746101	200	3,897	SH		SOLE		3,147	0	750
WHOLE FOODS MKT	COMMON	966837106	53	1,670	SH		SOLE		1,670	0	0
WISDOMTREE JAPAN SMALLCAP DIVI	COMMON	97717W836	64	1,200	SH		SOLE		1,200	0	0
WPX ENERGY	COMMON	98212b103	0	26	SH		SOLE		26	0	0