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	595	2,833	SH		SOLE		0	0	2,833
AIR PRODUCTS & CHEM	COMMON	009158106	1,534	10,145	SH		SOLE		220	0	9,925
ALPHABET	CLASS C	02079K305	3,761	3,863	SH		SOLE		50	0	3,813
ALPHABET	CLASS A	02079K107	298	311	SH		SOLE		0	0	311
AMAZON.COM	COMMON	023135106	2,680	2,788	SH		SOLE		30	0	2,758
APPLE	COMMON	037833100	220	1,427	SH		SOLE		0	0	1,427
AT&T	COMMON	00206r102	919	23,466	SH		SOLE		0	0	23,466
BECTON DICKINSON	COMMON	075887109	196	998	SH		SOLE		0	0	998
BERKSHIRE HATHAWAY CL B	CLASS B	084670702	1,964	10,715	SH		SOLE		250	0	10,465
BLACKROCK MUNI HOLDINGS CALIF	COMMON	09254l107	1,213	81,866	SH		SOLE		0	0	81,866
BLACKROCK MUNI YIELD CALIF	COMMON	09254m105	1,238	80,153	SH		SOLE		0	0	80,153
CINTAS	COMMON	172908105	2,638	18,281	SH		SOLE		0	0	18,281
COLGATE-PALMOLIVE	CLASS A	194162103	697	9,566	SH		SOLE		0	0	9,566
COMCAST	CLASS A	20030n101	2,971	77,211	SH		SOLE		1,000	0	76,211
CYPRESS SEMICONDUCTOR	COMMON	232806109	1,767	117,629	SH		SOLE		1,130	0	116,499
DIAMONDS TRUST SER I	COMMON	252787106	1,065	4,760	SH		SOLE		0	0	4,760
DISNEY WALT	COMMON	254687106	761	7,722	SH		SOLE		0	0	7,722
DOMINOS PIZZA	COMMON	25754a201	508	2,560	SH		SOLE		95	0	2,465
EOG RESOURCES	COMMON	26875p101	988	10,210	SH		SOLE		0	0	10,210
FACEBOOK	CLASS A	30303m102	2,220	12,993	SH		SOLE		90	0	12,903
FEDEX CORP	COMMON	31428x106	2,272	10,070	SH		SOLE		140	0	9,930
FIRST REPUBLIC	COMMON	33616C100	2,550	24,409	SH		SOLE		250	0	24,159
FIRST TRUST DOW INTERNET	COMMON	33733E302	2,875	28,090	SH		SOLE		60	0	28,030
FIRST TRUST LOW DUR MORTG	COMMON	33739Q200	2,562	49,284	SH		SOLE		765	0	48,519
FIRST TRUST MATERIALS ETF	COMMON	33734X168	2,775	68,773	SH		SOLE		0	0	68,773
FIRST TRUST NTH AMERICAN ENRGY	COMMON	33738D101	2,570	103,637	SH		SOLE		1,600	0	102,037
FIRST TRUST PREFERRED	COMMON	33739E108	6,251	311,304	SH		SOLE		2,460	0	308,844
FOUNDATION MEDICINE INC	COMMON	350465100	503	12,500	SH		SOLE		0	0	12,500
GENERAL DYNAMIC	COMMON	369550108	555	2,700	SH		SOLE		0	0	2,700
GENTHERM	COMMON	03070L300	1,320	35,520	SH		SOLE		0	0	35,520
GLOBAL X LITHIUM	COMMON	37954Y855	832	22,232	SH		SOLE		0	0	22,232
HEALTHSOUTH CORP	COMMON	421924309	348	7,500	SH		SOLE		0	0	7,500
HONEYWELL INTL	COMMON	438516106	2,254	15,901	SH		SOLE		255	0	15,646
HUNTSMAN CORP	COMMON	447011107	360	13,140	SH		SOLE		0	0	13,140
I SHARES BARCLAYS US AGGREGATE	COMMON	464287226	602	5,493	SH		SOLE		45	0	5,448
I SHARES DOW JONES SELECT DIV	COMMON	464287168	5,658	60,417	SH		SOLE		0	0	60,417
I SHARES DOW JONES U.S. R.E. I	COMMON	464287739	2,690	33,677	SH		SOLE		695	0	32,982
I SHARES DOW JONES US PHARMACE	COMMON	464288836	391	2,500	SH		SOLE		0	0	2,500
I SHARES IBOXX INVEST GRADE	COMMON	464287242	4,165	34,358	SH		SOLE		475	0	33,883
I SHARES INC MSCI MALAYSIA	COMMON	464286830	1,808	55,806	SH		SOLE		950	0	54,856
I SHARES INTL SELECT DIV	COMMON	464288448	2,957	87,577	SH		SOLE		1,825	0	85,752
I SHARES MSCI AUSTRALIA	COMMON	464286103	2,171	96,768	SH		SOLE		2,160	0	94,608
I SHARES MSCI CANADA	COMMON	464286509	2,324	80,309	SH		SOLE		1,700	0	78,609
I SHARES MSCI EMERGING MKTS	COMMON	464287234	5,490	122,510	SH		SOLE		1,555	0	120,955
I SHARES MSCI PACIFIC EX JAPAN	COMMON	464286665	2,845	61,531	SH		SOLE		955	0	60,576
I SHARES RUSSELL 1000 GRWTH	COMMON	464287614	702	5,612	SH		SOLE		0	0	5,612
I SHARES RUSSELL 1000 VAL	COMMON	464287598	2,739	23,112	SH		SOLE		0	0	23,112
I SHARES RUSSELL 2000 GRWTH	COMMON	464287648	5,571	31,128	SH		SOLE		295	0	30,833
I SHARES RUSSELL 2000 VAL	COMMON	464287630	3,322	26,767	SH		SOLE		215	0	26,552
I SHARES RUSSELL MID CAP GRWTH	COMMON	464287481	5,972	52,758	SH		SOLE		495	0	52,263
I SHARES S&P 100	COMMON	464287101	4,364	39,212	SH		SOLE		320	0	38,892
I SHARES TR DOW JONES AEROSPAC	COMMON	464288760	6,668	37,452	SH		SOLE		280	0	37,172
I SHARES TR IBOXX $HGH YLD COR	COMMON	464288513	2,851	32,122	SH		SOLE		875	0	31,247
I SHARES TR NASDAQ BIOTECH	COMMON	464287556	4,410	13,220	SH		SOLE		200	0	13,020
I SHARES TREAS INFLATION PROTE	COMMON	464287176	405	3,570	SH		SOLE		0	0	3,570
INTEL	COMMON	458140100	818	21,487	SH		SOLE		550	0	20,937
ISHARES BARCLAYS MBS BOND FD	COMMON	464288588	207	1,929	SH		SOLE		0	0	1,929
ISHARES GERMANY CURRENCY HEDGE	COMMON	46434V704	2,634	92,462	SH		SOLE		2,120	0	90,342
ISHARES MSCI NEW ZEALAND	COMMON	464289123	2,006	42,571	SH		SOLE		900	0	41,671
ISHARES NATL AMT FREE MUNI	COMMON	464288414	355	3,205	SH		SOLE		0	0	3,205
ISHARES TR MSCI EAFE INDX	COMMON	464287465	3,114	45,475	SH		SOLE		670	0	44,805
ISHARES US FINANCIAL SVCS	COMMON	464287770	1,098	9,162	SH		SOLE		210	0	8,952
ISHARES US MED DEVICES	COMMON	464288810	4,083	24,444	SH		SOLE		370	0	24,074
JOHNSON & JOHNSON	COMMON	478160104	920	7,074	SH		SOLE		0	0	7,074
JP MORGAN CHASE	COMMON	46625h100	1,882	19,704	SH		SOLE		0	0	19,704
KRANESHARES CHINA INTERNET	COMMON	500767306	2,930	51,475	SH		SOLE		360	0	51,115
LOCKHEED MARTIN	COMMON	539830109	2,027	6,533	SH		SOLE		100	0	6,433
MASTERCARD	COMMON	57636q104	1,245	8,815	SH		SOLE		175	0	8,640
MICROSOFT	COMMON	594918104	272	3,649	SH		SOLE		0	0	3,649
NOKIA	COMMON	654902204	761	127,191	SH		SOLE		1,500	0	125,691
PHILIP MORRIS	COMMON	718172109	1,619	14,585	SH		SOLE		235	0	14,350
PIMCO DYNAMIC CREDIT	COMMON	72202D106	572	24,820	SH		SOLE		440	0	24,380
POWERSHARES EMERGING MKTS SOVE	COMMON	73936t573	673	22,595	SH		SOLE		0	0	22,595
POWERSHARES ETF BUILD AMERICA	COMMON	73937B407	1,127	37,092	SH		SOLE		700	0	36,392
POWERSHARES INDIA ETF	COMMON	73935L100	954	40,300	SH		SOLE		875	0	39,425
POWERSHARES LEISURE & ENT	COMMON	73935X757	1,936	46,871	SH		SOLE		525	0	46,346
POWERSHARES QQQ TR UNIT SER 1	COMMON	73935a104	728	5,005	SH		SOLE		0	0	5,005
POWERSHARES S&P SM CAP FINANCI	COMMON	73937B803	1,859	34,688	SH		SOLE		1,075	0	33,613
POWERSHARES SM CAP INDUSTRIALS	COMMON	73937B878	3,633	59,652	SH		SOLE		855	0	58,797
POWERSHARES TTF AEROSPACE	COMMON	73935x690	549	10,710	SH		SOLE		0	0	10,710
PROSHARES ULTRA FINLS	COMMON	74347r743	7,003	62,064	SH		SOLE		625	0	61,439
PROSHARES ULTRA QQQ	COMMON	74347r206	6,596	102,709	SH		SOLE		950	0	101,759
RAYTHEON	COMMON	755111507	4,119	22,075	SH		SOLE		189	0	21,886
SALESFORCE	COMMON	79466l302	939	10,050	SH		SOLE		0	0	10,050
SECTOR SPDR SHS UTILITIES	COMMON	81369y886	3,175	59,853	SH		SOLE		955	0	58,898
SECTOR SPDR TR INDUSTRIAL	COMMON	81369y704	915	12,890	SH		SOLE		435	0	12,455
SPDR BLMBG BCLYS INTM CORP BND	COMMON	78464A375	195	5,662	SH		SOLE		0	0	5,662
SPDR CONSUMER STAPLES	COMMON	81369y308	6,308	116,853	SH		SOLE		1,470	0	115,383
SPDR S&P 500 ETF TRUSTUNIT SER	COMMON	78462f103	239	950	SH		SOLE		0	0	950
SPDR S&P HOMEBUILDERS	COMMON	78464a888	4,790	120,280	SH		SOLE		1,485	0	118,795
SPDR SHS BEN INT TECHNOLOGY	COMMON	81369y803	278	4,710	SH		SOLE		0	0	4,710
SQUARE INC	CLASS A	852234103	1,565	54,325	SH		SOLE		0	0	54,325
STATE STREET	COMMON	857477103	245	2,565	SH		SOLE		0	0	2,565
THERMO FISHER SCIENTIFIC	COMMON	883556102	1,159	6,125	SH		SOLE		0	0	6,125
TRAVELERS	COMMON	89417E109	405	3,305	SH		SOLE		0	0	3,305
UNITED CONTINENTAL HLDGS	COMMON	910047109	487	8,000	SH		SOLE		0	0	8,000
VALERO ENERGY	COMMON	91913y100	447	5,804	SH		SOLE		0	0	5,804
VANGUARD DIV APPREC	COMMON	921908844	3,330	35,135	SH		SOLE		0	0	35,135
VANGUARD EXTENDED MKT	COMMON	922908652	720	6,725	SH		SOLE		0	0	6,725
VANGUARD INDEX MIDCAP VALUE	COMMON	922908512	3,038	28,755	SH		SOLE		525	0	28,230
VANGUARD INFORM TECH	COMMON	92204a702	1,006	6,616	SH		SOLE		0	0	6,616
VANGUARD TTL STK	COMMON	922908769	557	4,303	SH		SOLE		0	0	4,303
VARIAN MEDICAL SYSTEMS INC	COMMON	92220P105	500	5,000	SH		SOLE		0	0	5,000
VERIZON	COMMON	92343v104	195	3,930	SH		SOLE		0	0	3,930
VISA	CLASS A	92826c839	2,963	28,156	SH		SOLE		215	0	27,941
WAL-MART STORES	COMMON	931142103	421	5,392	SH		SOLE		0	0	5,392
WESTERN DIGITAL	COMMON	958102105	264	3,050	SH		SOLE		0	0	3,050
WISDOMTREE INTL DIV EX FIN	COMMON	97717W786	967	22,673	SH		SOLE		0	0	22,673