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	619	2,819	SH		SOLE		0	0	2,819
ADOBE SYSTEMS INC	COMMON	00724f101	1,863	8,620	SH		SOLE		0	0	8,620
ALPHABET	CLASS A	02079K107	307	298	SH		SOLE		0	0	298
ALPHABET INC CL A	CLASS C	02079K305	4,049	3,904	SH		SOLE		0	0	3,904
AMAZON.COM	COMMON	023135106	4,055	2,802	SH		SOLE		0	0	2,802
APPLE	COMMON	037833100	3,073	18,314	SH		SOLE		0	0	18,314
AT&T	COMMON	00206r102	819	22,973	SH		SOLE		0	0	22,973
BANK OF MONTREAL	COMMON	063671101	1,067	14,123	SH		SOLE		0	0	14,123
BERKSHIRE HATHAWAY	CLASS B	084670702	2,115	10,604	SH		SOLE		0	0	10,604
BLACKROCK MUNI HOLDINGS CALIF	COMMON	09254l107	1,120	84,894	SH		SOLE		0	0	84,894
BLACKROCK MUNI YIELD CALIF	COMMON	09254m105	1,162	87,175	SH		SOLE		0	0	87,175
CINTAS	COMMON	172908105	2,915	17,091	SH		SOLE		0	0	17,091
COLGATE-PALMOLIVE	CLASS A	194162103	406	5,660	SH		SOLE		0	0	5,660
CYPRESS SEMICONDUCTOR CP	COMMON	232806109	2,057	121,305	SH		SOLE		0	0	121,305
DIAMONDS TRUST SER I	COMMON	252787106	1,085	4,495	SH		SOLE		0	0	4,495
DISNEY WALT	COMMON	254687106	776	7,722	SH		SOLE		0	0	7,722
EOG RESOURCES	COMMON	26875p101	331	3,140	SH		SOLE		0	0	3,140
FACEBOOK INC CL A	CLASS A	30303m102	2,726	17,058	SH		SOLE		0	0	17,058
FEDEX CORP	COMMON	31428x106	2,422	10,086	SH		SOLE		0	0	10,086
FIRST REPUBLIC	COMMON	33616C100	1,066	11,516	SH		SOLE		0	0	11,516
FIRST TRUST DOW JONES INTERNETINDEX FUND ETF	COMMON	33733E302	3,752	31,135	SH		SOLE		0	0	31,135
FIRST TRUST LOW DUR MORTG	COMMON	33739Q200	3,104	60,428	SH		SOLE		0	0	60,428
FIRST TRUST MATERIALS ALPHADEX	COMMON	33734X168	4,605	109,173	SH		SOLE		0	0	109,173
FIRST TRUST NTH AMERICAN ENRGY	COMMON	33738D101	2,641	120,601	SH		SOLE		0	0	120,601
FOUNDATION MEDICINE INC	COMMON	350465100	984	12,500	SH		SOLE		0	0	12,500
FT-PREFERRED SECUR & INC ETF	COMMON	33739E108	6,465	332,217	SH		SOLE		0	0	332,217
GENERAL DYNAMIC	COMMON	369550108	662	2,997	SH		SOLE		0	0	2,997
GLOBAL X LITHIUM	COMMON	37954Y855	1,137	34,473	SH		SOLE		0	0	34,473
HOME DEPOT	COMMON	437076102	1,385	7,771	SH		SOLE		0	0	7,771
HONEYWELL INTL INC	COMMON	438516106	2,426	16,788	SH		SOLE		0	0	16,788
HUNTSMAN CORP	COMMON	447011107	1,953	66,760	SH		SOLE		0	0	66,760
I SHARES BARCLAYS US AGGREGATE	COMMON	464287226	490	4,570	SH		SOLE		0	0	4,570
I SHARES DOW JONES US PHARMACE	COMMON	464288836	369	2,500	SH		SOLE		0	0	2,500
I SHARES IBOXX INVEST GRADE	COMMON	464287242	4,953	42,196	SH		SOLE		0	0	42,196
I SHARES INTL SELECT DIV	COMMON	464288448	3,215	97,394	SH		SOLE		0	0	97,394
I SHARES RUSSELL 1000 GRWTH	COMMON	464287614	751	5,522	SH		SOLE		0	0	5,522
I SHARES TREAS INFLATION PROTE	COMMON	464287176	1,157	10,238	SH		SOLE		0	0	10,238
INDUSTRIAL SELECT SECTOR SPDR FUND ETF	COMMON	81369y704	1,366	18,390	SH		SOLE		0	0	18,390
ISHARES DJ SELECT DIVIDEND ETF	COMMON	464287168	5,892	61,943	SH		SOLE		0	0	61,943
ISHARES DJ US AEROSPACE & DF ETF	COMMON	464288760	7,999	40,409	SH		SOLE		0	0	40,409
ISHARES DJ US MEDICAL DEVICE ETF	COMMON	464288810	5,132	27,738	SH		SOLE		0	0	27,738
ISHARES IBOXX USD HIGH YIELD CORPORATE BOND	COMMON	464288513	3,279	38,292	SH		SOLE		0	0	38,292
ISHARES MSCI AUSTRALIA ETF	COMMON	464286103	2,208	100,261	SH		SOLE		0	0	100,261
ISHARES MSCI EAFE ETF	COMMON	464287465	3,988	57,240	SH		SOLE		0	0	57,240
ISHARES MSCI EMERGING MKT ETF	COMMON	464287234	6,390	132,358	SH		SOLE		0	0	132,358
ISHARES MSCI JAPAN ETF	COMMON	464286848	3,475	57,273	SH		SOLE		0	0	57,273
ISHARES MSCI TAIWAN ETF	COMMON	464286731	1,687	44,007	SH		SOLE		0	0	44,007
ISHARES NASDAQ BIOTECH ETF	COMMON	464287556	4,797	44,941	SH		SOLE		0	0	44,941
ISHARES NATL AMT FREE MUNI	COMMON	464288414	327	3,005	SH		SOLE		0	0	3,005
ISHARES RUSSELL 1000 VALUE ETF	COMMON	464287598	2,711	22,602	SH		SOLE		0	0	22,602
ISHARES RUSSELL 2000 GROWTH ETF	COMMON	464287648	6,113	32,078	SH		SOLE		0	0	32,078
ISHARES RUSSELL MIDCAP GRWTH ETF	COMMON	464287481	6,539	53,185	SH		SOLE		0	0	53,185
ISHARES S&P 100 ETF	COMMON	464287101	4,505	38,839	SH		SOLE		0	0	38,839
ISHARES TRUST DJ US FINANCL SVCS ETF	COMMON	464287770	1,398	10,674	SH		SOLE		0	0	10,674
JOHNSON & JOHNSON	COMMON	478160104	995	7,764	SH		SOLE		0	0	7,764
JPMORGAN CHASE & CO	COMMON	46625h100	2,625	23,868	SH		SOLE		0	0	23,868
KRANESHARES CHINA INTERNET	COMMON	500767306	3,291	53,578	SH		SOLE		0	0	53,578
LOCKHEED MARTIN	COMMON	539830109	2,122	6,280	SH		SOLE		0	0	6,280
LYONDELLBASELL INDUSTRIES N V SHS - A - CL A EUR	CLASS A	N53745100	2,091	19,789	SH		SOLE		0	0	19,789
MASCO CORP	COMMON	574599106	1,394	34,475	SH		SOLE		0	0	34,475
MASTERCARD INC CL A	COMMON	57636q104	1,554	8,871	SH		SOLE		0	0	8,871
MICROSOFT	COMMON	594918104	376	4,121	SH		SOLE		0	0	4,121
PIMCO DYNAMIC CREDIT & MORTGAGE INCOME FUND (Cusip:72202D106)	COMMON	72202D106	1,019	44,520	SH		SOLE		0	0	44,520
POWERSHARES AERO & DEFENSE	COMMON	73935x690	545	9,605	SH		SOLE		0	0	9,605
POWERSHARES DYNAMIC LEISURE & ENTERTAINMENT PORTFOLIO ETF	COMMON	73935X757	2,893	64,962	SH		SOLE		0	0	64,962
POWERSHARES ETF BUILD AMERICA	COMMON	73937B407	1,078	35,787	SH		SOLE		0	0	35,787
POWERSHARES INDIA PORTFOLIO ETF	COMMON	73935L100	2,434	96,855	SH		SOLE		0	0	96,855
POWERSHARES QQQ TRUST	COMMON	73935A104	1,471	9,185	SH		SOLE		0	0	9,185
POWERSHARES S&P SM CAP FINANCI	COMMON	73937B803	1,739	32,434	SH		SOLE		0	0	32,434
POWERSHARES SM CAP INDUSTRIALS	COMMON	73937B878	3,470	53,780	SH		SOLE		0	0	53,780
PROSHARES ULTRA FINANCIALS ETF	COMMON	74347r743	7,660	62,196	SH		SOLE		0	0	62,196
RAYTHEON	COMMON	755111507	4,535	21,011	SH		SOLE		0	0	21,011
ROSS STORES	COMMON	778296103	154	1,975	SH		SOLE		0	0	1,975
SALESFORCE	COMMON	79466l302	1,843	15,850	SH		SOLE		0	0	15,850
SECTOR SPDR TR ENERGY	COMMON	81369y506	2,892	42,908	SH		SOLE		0	0	42,908
SPDR GOLD TRUST	COMMON	78463v107	379	3,014	SH		SOLE		0	0	3,014
SPDR S&P 500 ETF TRUSTUNIT SER	COMMON	78462f103	232	880	SH		SOLE		0	0	880
SPDR S&P HOMEBUILDERS	COMMON	78464a888	5,648	138,465	SH		SOLE		0	0	138,465
SPDR S&P REGIONAL BANKING ETF	COMMON	78464A698	3,068	50,797	SH		SOLE		0	0	50,797
SQUARE INC	CLASS A	852234103	1,207	24,540	SH		SOLE		0	0	24,540
STATE STREET	COMMON	857477103	261	2,613	SH		SOLE		0	0	2,613
TECHNOLOGY SELECT SECT SPDR	COMMON	81369y803	444	6,790	SH		SOLE		0	0	6,790
THERMO FISHER SCIENTIFIC	COMMON	883556102	1,281	6,205	SH		SOLE		0	0	6,205
TJX COMPANIES	COMMON	872540109	865	10,606	SH		SOLE		0	0	10,606
TRAVELERS	COMMON	89417E109	390	2,805	SH		SOLE		0	0	2,805
ULTRA QQQ PROSHARES ETF $0.07	COMMON	74347r206	7,629	100,114	SH		SOLE		0	0	100,114
UNITED CONTINENTAL HLDGS	COMMON	910047109	556	8,000	SH		SOLE		0	0	8,000
VALERO ENERGY	COMMON	91913y100	311	3,355	SH		SOLE		0	0	3,355
VANGUARD DIVIDEND APPREC ETF	COMMON	921908844	5,219	51,644	SH		SOLE		0	0	51,644
VANGUARD EXTENDED MKT	COMMON	922908652	669	6,000	SH		SOLE		0	0	6,000
VANGUARD INDEX MIDCAP VALUE	COMMON	922908512	3,246	29,678	SH		SOLE		0	0	29,678
VANGUARD INFORM TECH	COMMON	92204a702	995	5,816	SH		SOLE		0	0	5,816
VANGUARD TTL STK	COMMON	922908769	561	4,135	SH		SOLE		0	0	4,135
VARIAN MEDICAL SYSTEMS INC	COMMON	92220P105	613	5,000	SH		SOLE		0	0	5,000
VERIZON	COMMON	92343v104	186	3,892	SH		SOLE		0	0	3,892
VISA	CLASS A	92826c839	3,174	26,533	SH		SOLE		0	0	26,533
VMWARE INC CL A	COMMON	928563402	738	6,084	SH		SOLE		0	0	6,084
WAL-MART STORES	COMMON	931142103	429	4,827	SH		SOLE		0	0	4,827
WISDOMTREE EUROPE SMALL CAP DIVIDEND ETF	COMMON	97717W869	3,033	43,387	SH		SOLE		0	0	43,387
WISDOMTREE INTL DIV EX FIN	COMMON	97717W786	1,050	24,216	SH		SOLE		0	0	24,216
ADVANCED ENERGY INDUSTRIES INC	COMMON	007973100	1,544	24,160	SH		SOLE		0	0	24,160
BOEING CO	COMMON	097023105	2,531	7,720	SH		SOLE		0	0	7,720
ALIBABA GROUP HLDG LTD SPONSORED ADS	COMMON	01609W102	1,794	9,775	SH		SOLE		0	0	9,775
BECTON DICKINSON CO	COMMON	075887109	177	815	SH		SOLE		0	0	815
BLACKSTONE GROUP LP COM UNIT LTD	COMMON	09253U108	599	18,735	SH		SOLE		0	0	18,735
CATERPILLAR INC	COMMON	149123101	230	1,563	SH		SOLE		0	0	1,563
SPDR SERIES TRUST BLMBRG BRC CNVRT	COMMON	78464A359	3,334	64,529	SH		SOLE		0	0	64,529
ENCOMPASS HEALTH CORP COM	COMMON	29261A100	429	7,500	SH		SOLE		0	0	7,500
ISHARES MSCI BRAZIL ETF	COMMON	464286400	2,471	55,049	SH		SOLE		0	0	55,049
FIRST TR EXCHANGE TRADED FD IV FIRST TR HIGH YIELD LONG/SHORT ETF	COMMON	33738D408	295	6,195	SH		SOLE		0	0	6,195
INTUITIVE SURGICAL INC COM NEW	COMMON	46120E602	388	940	SH		SOLE		0	0	940
ISHARES S&P 500 GROWTH ETF	COMMON	464287309	152	982	SH		SOLE		0	0	982
LENDINGCLUB CORP COM	COMMON	52603A109	401	114,672	SH		SOLE		0	0	114,672
LAM RESEARCH CORP	COMMON	512807108	193	950	SH		SOLE		0	0	950
MCDONALDS CORP	COMMON	580135101	684	4,376	SH		SOLE		0	0	4,376
NVIDIA CORP	COMMON	67066G104	222	960	SH		SOLE		0	0	960
VANECK VECTORS ETF TR SEMICONDUCTOR ET	COMMON	92189F676	1,650	15,825	SH		SOLE		0	0	15,825
TAKE-TWO INTERACTIVE SOFTWARE COM	COMMON	874054109	865	8,850	SH		SOLE		0	0	8,850