Karp Capital Management 13F-HR/A Quarterly holdings report by institutional manager (amended)

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
3M COMPANY	COMMON	88579y101	504	2,633	SH		SOLE		350	0	2,283
ALPHABET	CLASS C	02079K107	410	494	SH		SOLE		0	0	494
ALPHABET	CLASS A	02079K305	3,043	3,589	SH		SOLE		310	0	3,279
APPLE	COMMON	037833100	202	1,405	SH		SOLE		0	0	1,405
AT&T	COMMON	00206r102	935	22,498	SH		SOLE		0	0	22,498
BERKSHIRE HATHAWAY CL B	CLASS B	084670702	1,772	10,633	SH		SOLE		1,875	0	8,758
BLACKROCK MUNI HOLDINGS CALIF	COMMON	09254l107	1,075	75,852	SH		SOLE		6,700	0	69,152
BLACKROCK MUNI YIELD CALIF	COMMON	09254m105	1,212	82,300	SH		SOLE		7,000	0	75,300
CHUBB LIMITED	COMMON	H1467J104	2,232	16,385	SH		SOLE		1,465	0	14,920
CINTAS	COMMON	172908105	2,488	19,661	SH		SOLE		1,955	0	17,706
COLGATE-PALMOLIVE	CLASS A	194162103	694	9,483	SH		SOLE		1,200	0	8,283
COMCAST	CLASS A	20030n101	3,259	86,685	SH		SOLE		9,200	0	77,485
CYPRESS SEMICONDUCTOR	COMMON	232806109	253	18,380	SH		SOLE		1,000	0	17,380
DB X TRAKERS MSCI JAPAN	COMMON	233051507	3,425	91,316	SH		SOLE		7,485	0	83,831
DIAMONDS TRUST SER I	COMMON	252787106	1,103	5,345	SH		SOLE		485	0	4,860
FACEBOOK	CLASS A	30303m102	1,885	13,268	SH		SOLE		1,200	0	12,068
FIRST REPUBLIC	COMMON	33616C100	2,389	25,462	SH		SOLE		2,400	0	23,062
FIRST TRUST DOW INTERNET	COMMON	33733e302	2,515	28,565	SH		SOLE		1,105	0	27,460
FIRST TRUST NTH AMERICAN ENRGY	COMMON	33738D101	2,607	103,027	SH		SOLE		9,600	0	93,427
FIRST TRUST PREFERRED	COMMON	33739e108	5,201	266,424	SH		SOLE		25,170	0	241,254
FIRST TRUSTMATERIALS ETF	COMMON	33734X168	2,803	74,012	SH		SOLE		5,880	0	68,132
GENTHERM	COMMON	03070L300	1,512	38,525	SH		SOLE		4,775	0	33,750
GLOBAL X LITHIUM	COMMON	37954Y855	473	16,817	SH		SOLE		2,600	0	14,217
HI-CRUSH PARTNERS LP	COMMON	428337109	439	25,310	SH		SOLE		2,790	0	22,520
HUNTSMAN CORP	COMMON	447011107	257	10,470	SH		SOLE		265	0	10,205
I SHARES DOW JONES SELECT DIV	COMMON	464287168	5,294	58,112	SH		SOLE		5,735	0	52,377
I SHARES DOW JONES U.S. R.E. I	COMMON	464287739	2,320	29,555	SH		SOLE		2,990	0	26,565
I SHARES DOW JONES US PHARMACE	COMMON	464288836	437	2,895	SH		SOLE		100	0	2,795
I SHARES IBOXX INVEST GRADE	COMMON	464287242	3,598	30,514	SH		SOLE		2,255	0	28,259
I SHARES MSCI AUSTRALIA	COMMON	464286103	1,887	83,446	SH		SOLE		10,020	0	73,426
I SHARES MSCI EMERGING MKTS	COMMON	464287234	4,409	111,938	SH		SOLE		11,645	0	100,293
I SHARES MSCI PACIFIC EX JAPAN	COMMON	464286665	2,459	55,023	SH		SOLE		5,170	0	49,853
I SHARES RUSSELL 1000 GRWTH	COMMON	464287614	682	5,992	SH		SOLE		1,790	0	4,202
I SHARES RUSSELL 1000 VAL	COMMON	464287598	2,542	22,114	SH		SOLE		2,325	0	19,789
I SHARES RUSSELL 2000	COMMON	464287655	3,561	25,905	SH		SOLE		2,035	0	23,870
I SHARES RUSSELL 2000 GRWTH	COMMON	464287648	4,523	27,980	SH		SOLE		2,375	0	25,605
I SHARES RUSSELL 2000 VAL	COMMON	464287630	3,193	27,020	SH		SOLE		2,200	0	24,820
I SHARES RUSSELL MID CAP GRWTH	COMMON	464287481	4,197	40,445	SH		SOLE		3,050	0	37,395
I SHARES S&P 100	COMMON	464287101	3,478	33,223	SH		SOLE		2,850	0	30,373
I SHARES TR DOW JONES AEROSPAC	COMMON	464288760	4,443	29,875	SH		SOLE		2,935	0	26,940
I SHARES TR IBOXX $HGH YLD COR	COMMON	464288513	2,424	27,618	SH		SOLE		2,725	0	24,893
I SHARES TR NASDAQ BIOTECHNOLO	COMMON	464287556	3,010	10,265	SH		SOLE		775	0	9,490
ISHARES CURRENCY HEDGED	COMMON	46434V704	2,061	74,050	SH		SOLE		7,005	0	67,045
ISHARES TR MSCI EAFE INDX	COMMON	464287465	1,802	28,925	SH		SOLE		1,950	0	26,975
ISHARES US FINANCIAL SVCS	COMMON	464287770	808	7,407	SH		SOLE		1,430	0	5,977
ISHARES US MED DEVICES	COMMON	464288810	3,751	24,773	SH		SOLE		2,535	0	22,238
LOCKHEED MARTIN	COMMON	539830109	1,861	6,953	SH		SOLE		550	0	6,403
MASCO	COMMON	574599106	1,263	37,147	SH		SOLE		2,630	0	34,517
MKT VECTORS GOLD MINERS	COMMON	57060U100	1,468	64,336	SH		SOLE		5,170	0	59,166
PHILIP MORRIS	COMMON	718172109	1,471	13,028	SH		SOLE		1,670	0	11,358
POWERSHARES ETF BUILD AMERICA	COMMON	73937B407	1,006	34,280	SH		SOLE		3,075	0	31,205
POWERSHARES ETF DYNAMIC	COMMON	73935X757	2,063	50,046	SH		SOLE		4,817	0	45,229
POWERSHARES EXCHANGE TRADED FD	COMMON	73937B878	3,403	60,980	SH		SOLE		5,700	0	55,280
POWERSHARES QQQ TR UNIT SER 1	COMMON	73935a104	665	5,020	SH		SOLE		300	0	4,720
POWERSHARES S&P SM CAP FINANCI	COMMON	73937B803	1,768	34,469	SH		SOLE		3,710	0	30,759
POWERSHARES TTF AEROSPACE	COMMON	73935x690	363	8,325	SH		SOLE		0	0	8,325
PROSHARES ULTRA FINLS	COMMON	74347r743	5,890	60,604	SH		SOLE		4,525	0	56,079
PROSHARES ULTRA QQQ	COMMON	74347r206	5,392	50,268	SH		SOLE		6,250	0	44,018
RAYTHEON CO COM NEW	COMMON	755111507	3,384	22,190	SH		SOLE		2,988	0	19,202
SALESFORCE	COMMON	79466l302	768	9,310	SH		SOLE		860	0	8,450
SECTOR SPDR CONSUMER STAPLES	COMMON	81369y308	6,499	119,071	SH		SOLE		11,660	0	107,411
SECTOR SPDR SHS UTILITIES	COMMON	81369y886	2,170	42,288	SH		SOLE		3,390	0	38,898
SELECT SECTOR SPDR HEALTHCARE	COMMON	81369y209	682	9,175	SH		SOLE		0	0	9,175
SEMICONDUCTOR HOLDRS	COMMON	816636203	3,519	44,143	SH		SOLE		3,985	0	40,158
SPDR CONSUMER	COMMON	81369y407	6,051	68,802	SH		SOLE		6,095	0	62,707
SPDR GOLD	COMMON	78463v107	3,558	29,966	SH		SOLE		2,620	0	27,346
SPDR S&P 500 ETF TRUSTUNIT SER	COMMON	78462f103	207	880	SH		SOLE		0	0	880
SPDR SER TR S&P HOMEBUILDERS	COMMON	78464a888	3,744	100,576	SH		SOLE		7,875	0	92,701
STARBUCKS CORP	COMMON	855244109	1,521	26,044	SH		SOLE		3,900	0	22,144
T MOBILE	COMMON	872590104	659	10,200	SH		SOLE		1,145	0	9,055
TRAVELERS	COMMON	89417e109	447	3,705	SH		SOLE		250	0	3,455
US GLOBAL JETS	COMMON	26922A842	2,020	72,065	SH		SOLE		5,190	0	66,875
VANGUARD DIV APPREC	COMMON	921908844	3,135	34,855	SH		SOLE		2,765	0	32,090
VANGUARD EXTENDED MKT	COMMON	922908652	672	6,725	SH		SOLE		2,250	0	4,475
VANGUARD HEALTH	COMMON	92204a504	2,400	17,414	SH		SOLE		2,000	0	15,414
VANGUARD INFORM TECH	COMMON	92204a702	987	7,276	SH		SOLE		0	0	7,276
VANGUARD TTL STK	COMMON	922908769	456	3,758	SH		SOLE		666	0	3,092
VERIZON	COMMON	92343v104	242	4,955	SH		SOLE		0	0	4,955
VISA	CLASS A	92826c839	2,488	27,994	SH		SOLE		2,500	0	25,494
WISDOMTREE INTL DIV EX FIN	COMMON	97717W786	644	16,181	SH		SOLE		1,390	0	14,791
VANGUARD INTERM-TERM BOND ETF	COMMON	921937819	492	5,823	SH		SOLE		0	0	5,823