California Companies ..... First Excluding McKesson Which Recorded a $3.947 Bil Gain Just From the Creation of a Joint Venture Which Dramatically Bolstered Its Reported March 2017 Quarter Pretax Income ....................................................................................... The 269 California Companies, Excluding McKesson, With Market Caps of at Least $1 Bil Generated March 2018 Quarter Total Pretax Income of $75.165 Bil, Up a Very Robust 17% and Total After-Tax Net Income Up By a Much Higher 31%, Both From Their March 2017 Quarter ........................................................................................ The 46 California Technology Software and Related Services Companies With Market Caps of at Least $1 Bil Generated March 2018 Quarter Total Pretax Income of $21.261 Bil, Up a Blistering 67% From Their March 2017 Quarter and Their Total After-Tax Net Income Increased By a Substantially Higher 106% ........................................................................................ The 43 California Technology Manufacturing Companies With Market Caps of at Least $1 Bil Generated March 2018 Quarter Total Pretax Income of $23.621 Bil, Up a Robust 12% From Their March 2017 Quarter and Their Total After-Tax Net Income Increased By a Substantially Higher 28% ........................................................................................ The Oil & Gas Giant Chevron Posted Pretax Income of $5.1 Bil in the March 2018 Quarter, Up a Blistering 62% From the March 2017 Quarter ........................................................................................ Walt Disney Posted a Pretax Income Increase of 5% and an After-Tax Net Income Increase of a Much Higher 23% in the March 2018 Quarter ........................................................................................ However, After That, Unlike What Happened in Texas, the Remaining California Companies March 2018 Quarter Earnings Were Mostly Down the Tubes ........................................................................................ The 63 California Health Care Companies Posted a Total Pretax Income Decline of 12% and Including McKesson, a Massive 42% Decline, Both in the March 2018 Quarter ........................................................................................ Unlike in Any Other US State, the 59 California Financial Companies Actually Had Their Total Ptetax Income Drop in the March 2018 Quarter ........................................................................................ The 21 California Manufacturing Companies Posted a Total Pretax Loss of $221 Mil in the March 2018 Quarter as Compared With a Total Pretax Income of $494 Mil in the March 2017 Quarter ........................................................................................ The 7 California Utility Companies Posted a Total Pretax Income Decline of 25% in the March 2018 Quarter ........................................................................................ And the 28 California Companies in All Other Sectors Experienced a Total Pretax Income Decline of 13% in the March 2018 Quarter .......................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of California with March 2018 Quarter Ends, with stock market caps above $1 Bil recently and which have released their March 2018 Quarter Earnings by June 1, 2018.  

I will update this quarterly earnings chart later for Companies with April 2018 and May 2018 Quarter End Earnings.

									US GAAP	US GAAP		US GAAP	US GAAP
		US GAAP				US GAAP			Effective	Effective		Pretax	Net
	US GAAP	Income	US GAAP		US GAAP	Income	US GAAP		Income	Income		Income	Income
California Companies	Pretax	Tax	Net		Pretax	Tax	Net		Tax	Tax		% Change	% Change
Market Caps At Least $1 Bil	Income	Expense	Income		Income	Expense	Income		Rate	Rate		March Qtr	March Qtr
Releasing March 2018 Qtr	March Qtr	March Qtr	March Qtr		March Qtr	March Qtr	March Qtr		March Qtr	March Qtr		2018	2018
Earnings By June 1, 2018	2018	2018	2018		2017	2017	2017		2018	2017		vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
McKesson	(1,094)	(7)	(1,087)		4,674	1,044	3,630		0.6%	22.3%		-123%	-130%
All Cos But McKesson
Tech Software & Services
Alphabet	10,543	1,142	9,401		6,819	1,393	5,426		10.8%	20.4%		55%	73%
Facebook	5,610	622	4,988		3,408	344	3,064		11.1%	10.1%		65%	63%
Visa	3,217	612	2,605		2,702	2,272	430		19.0%	84.1%		19%	506%
Electronic Arts	754	147	607		716	150	566		19.5%	20.9%		5%	7%
Activision Blizzard	567	67	500		453	27	426		11.8%	6.0%		25%	17%
PayPal Holdings	548	37	511		438	54	384		6.8%	12.3%		25%	33%
eBay	547	140	407		558	(477)	1,035		25.6%	-85.5%		-2%	-61%
Netflix	300	9	291		224	46	178		3.0%	20.5%		34%	63%
Check Point Software	228	41	187		221	39	182		18.0%	17.6%		3%	3%
Cadence Design Systems	78	5	73		74	6	68		6.4%	8.1%		5%	7%
Twitter	64	3	61		(58)	3	(61)		4.7%	-5.2%		210%	200%
Stamps.com	49	2	47		34	1	33		4.1%	2.9%		44%	42%
Fair Isaac	41	9	32		33	8	25		22.0%	24.2%		24%	28%
CoreLogic	27	(1)	28		19	6	13		-3.7%	31.6%		42%	115%
Qualys	10	1	9		8	(14)	22		10.0%	-175.0%		25%	-59%
Zynga	9	4	5		(7)	3	(10)		44.4%	-42.9%		-229%	-150%
Trade Desk	9	-	9		1	(4)	5		0.0%	-400.0%		800%	80%
AppFolio	4	-	4		1	-	1		0.0%	0.0%		300%	300%
Five9 Inc	(1)	-	(1)		(5)	-	(5)		0.0%	0.0%		-80%	-80%
Five9	(1)	-	(1)		(5)	-	(5)		0.0%	0.0%		-80%	-80%
Chegg Inc	(2)	1	(3)		(6)	1	(7)		-50.0%	-16.7%		-67%	-57%
Yelp Inc	(2)	-	(2)		(4)	-	(4)		0.0%	0.0%		-50%	-50%
RingCentral	(3)	-	(3)		(2)	-	(2)		0.0%	0.0%		-50%	50%
Ellie Mae	(3)	(5)	2		5	(5)	10		166.7%	-100.0%		-160%	-80%
Mindbody	(4)	(2)	(2)		(4)	-	(4)		50.0%	0.0%		0%	-50%
Alteryx	(5)	-	(5)		(6)	-	(6)		0.0%	0.0%		-17%	-17%
New Relic	(7)	-	(7)		(15)	-	(15)		0.0%	0.0%		53%	53%
Blackline	(7)	-	(7)		(8)	-	(8)		0.0%	0.0%		-13%	-13%
ServiceNow	(7)	(18)	11		(23)	(1)	(22)		257.1%	4.3%		70%	150%
Roku	(7)	-	(7)		(9)	-	(9)		0.0%	0.0%		-22%	-22%
Atlassian Corp	(8)	6	(14)		(23)	(5)	(18)		-75.0%	21.7%		-65%	-22%
TrueCar Inc	(9)	-	(9)		(7)	-	(7)		0.0%	0.0%		29%	29%
Imperva	(10)	-	(10)		24	1	23		0.0%	4.2%		-142%	-143%
Talend SA	(10)	-	(10)		(7)	-	(7)		0.0%	0.0%		43%	43%
Quotient Technology	(11)	-	(11)		(3)	-	(3)		0.0%	0.0%		267%	267%
Cornerstone On Demand	(16)	-	(16)		(16)	-	(16)		0.0%	0.0%		0%	0%
Twilio	(24)	-	(24)		(14)	-	(14)		0.0%	0.0%		-71%	-71%
Square Inc	(24)	-	(24)		(15)	-	(15)		0.0%	0.0%		-60%	-60%
Proofpoint	(26)	(14)	(12)		(19)	1	(20)		53.8%	-5.3%		-37%	40%
Zendesk	(32)	(3)	(29)		(25)	-	(25)		9.4%	0.0%		-28%	-16%
Shutterfly	(42)	(15)	(27)		(55)	(22)	(33)		35.7%	40.0%		-24%	-18%
Hortonworks	(42)	-	(42)		(55)	-	(55)		0.0%	0.0%		-24%	-24%
Symantec	(61)	(27)	(34)		(248)	(71)	(177)		44.3%	28.6%		75%	81%
Pandora Media	(132)	-	(132)		(132)	-	(132)		0.0%	0.0%		0%	0%
Snap	(384)	2	(386)		(2,212)	(3)	(2,209)		-0.5%	0.1%		83%	83%
Dropbox	(464)	2	(466)		(33)	-	(33)		-0.4%	0.0%		-1306%	-1312%
Total all 46 Tech Software&Svcs	21,261	2,767	18,494		12,722	3,753	8,969		13.0%	29.5%		67%	106%
Tech Manufacturing
Apple	16,168	2,346	13,822		14,684	3,655	11,029		14.5%	24.9%		10%	25%
Intel	5,011	557	4,454		3,815	851	2,964		11.1%	22.3%		31%	50%
Lam Research	772	(7)	779		531	44	487		-0.9%	8.3%		45%	60%
Seagate Technology	393	12	381		212	18	194		3.1%	8.5%		85%	96%
KLA-Tencor	366	59	307		319	66	253		16.1%	20.7%		15%	21%
QUALCOMM	358	(5)	363		857	108	749		-1.4%	12.6%		-58%	-52%
Maxim Integrated Products	222	29	193		170	30	140		13.1%	17.6%		31%	38%
Xilinx	186	20	166		171	18	153		10.8%	10.5%		9%	8%
Arista Networks	143	(2)	145		74	(9)	83		-1.4%	-12.2%		93%	75%
Coherent	91	26	65		61	19	42		28.6%	31.1%		49%	55%
Dolby Laboratories	90	19	71		66	15	51		21.1%	22.7%		6%	13%
Advanced Micro Devices	89	8	81		(28)	5	(33)		9.0%	-17.9%		418%	345%
Teledyne Technologies	82	16	66		41	10	31		19.5%	24.4%		100%	113%
Juniper Networks	41	7	34		141	32	109		17.1%	22.7%		-71%	-69%
Logitech Intl	39	5	34		38	(1)	39		12.8%	-2.6%		3%	-13%
Fortinet	37	(5)	42		8	(3)	11		-13.5%	-37.5%		363%	282%
Microsemi	28	16	12		43	2	41		57.1%	4.7%		-35%	-71%
J2 Global	26	7	19		35	9	26		26.9%	25.7%		-26%	-27%
Integrated Device Technology	25	4	21		28	(2)	30		16.0%	-7.1%		-11%	-30%
Monolithic Power Systems	23	1	22		15	1	14		4.3%	6.7%		53%	57%
Aerojet Rocketdyne	19	5	14		9	3	6		26.3%	33.3%		111%	133%
Power Integrations	15	1	14		13	(1)	14		6.7%	-7.7%		15%	0%
Cypress Semiconductor	14	5	9		(38)	5	(43)		35.7%	-13.2%		137%	121%
Mellanox Technologies Ltd	12	(26)	38		(14)	(2)	(12)		-216.7%	14.3%		-186%	-417%
Oclaro	11	-	11		39	1	38		0.0%	2.6%		-72%	-71%
OSI Systems	3	1	2		19	5	14		33.3%	26.3%		-84%	-86%
Lumentum Holdings	3	-	3		(44)	12	(56)		0.0%	-27.3%		-107%	-105%
Kratos Defense&Security	2	1	1		(9)	1	(10)		50.0%	-11.1%		-122%	-110%
Maxlinear	-	(2)	2		10	2	8		NM	20.0%		-100%	-75%
Omnicell Inc	(2)	(5)	3		(19)	(9)	(10)		250.0%	47.4%		-89%	-130%
Electronics For Imaging	(6)	(2)	(4)		4	(1)	5		33.3%	-25.0%		-250%	-180%
Viavi Solutions	(8)	1	(9)		30	4	26		-12.5%	13.3%		-127%	-135%
Extreme Networks	(12)	2	(14)		(4)	1	(5)		-16.7%	-25.0%		200%	180%
Synaptics Inc	(18)	(4)	(14)		11	6	5		22.2%	54.5%		-264%	-380%
ForeScout Technologies	(27)	1	(28)		(26)	1	(27)		-3.7%	-3.8%		4%	4%
Inphi Corp	(31)	(8)	(23)		(11)	-	(11)		25.8%	0.0%		182%	109%
Xperi	(36)	(3)	(33)		(46)	(35)	(11)		8.3%	76.1%		-22%	200%
Rambus Inc	(39)	-	(39)		10	7	3		0.0%	70.0%		-490%	-1400%
Cavium	(43)	(1)	(42)		(49)	1	(50)		2.3%	-2.0%		12%	16%
FireEye	(71)	1	(72)		(76)	1	(77)		-1.4%	-1.3%		-7%	-6%
Fitbit	(82)	(1)	(81)		(90)	(30)	(60)		1.2%	33.3%		-9%	35%
Western Digital	(128)	(189)	61		304	56	248		147.7%	18.4%		-142%	-75%
SunPower	(145)	3	(148)		(235)	2	(237)		-2.1%	-0.9%		-38%	-38%
Total all 43 Tech Manufacturing	23,621	2,893	20,728		21,069	4,898	16,171		12.2%	23.2%		12%	28%
Health Care
Amgen	2,619	308	2,311		2,460	389	2,071		11.8%	15.8%		6%	12%
Gilead Sciences	2,033	494	1,539		3,617	918	2,699		24.3%	25.4%		-44%	-43%
Bio-Rad Labs	864	207	657		20	8	12		24.0%	40.0%		4220%	5375%
Intuitive Surgical	290	3	287		202	21	181		1.0%	10.4%		44%	59%
Edwards Lifesciences	264	57	207		293	63	230		21.6%	21.5%		-10%	-10%
Illumina	221	24	197		503	155	348		10.9%	30.8%		-56%	-43%
Resmed	130	20	110		108	20	88		15.4%	18.5%		20%	25%
Exelixis	118	2	116		17	-	17		1.7%	0.0%		594%	582%
Align Technologies	99	3	96		62	(7)	69		3.0%	-11.3%		60%	39%
Varian Medical	95	22	73		90	21	69		23.2%	23.3%		6%	6%
Herbalife Nutrition Ltd	91	9	82		113	28	85		9.9%	24.8%		-19%	-4%
Jazz Pharmaceuticals	66	19	47		116	29	87		28.8%	25.0%		-43%	-46%
Masimo	56	10	46		53	1	52		17.9%	1.9%		6%	-12%
Ligand Pharmaceuticals	55	10	45		6	1	5		18.2%	16.7%		817%	800%
AMN Healthcare Services	50	7	43		47	15	32		14.0%	31.9%		6%	34%
Quidel	39	5	34		16	2	14		12.8%	12.5%		144%	143%
Ensign Group	30	7	23		4	1	3		23.3%	25.0%		650%	667%
Innoviva	30	-	30		17	-	17		0.0%	0.0%		76%	76%
Ultragenyx	30	-	30		(68)	-	(68)		0.0%	0.0%		-144%	-144%
Corcept Therapeutics	21	4	17		4	-	4		19.0%	0.0%		425%	325%
Abaxis	14	4	10		12	4	8		28.6%	33.3%		17%	25%
Inogen	10	(1)	11		6	-	6		-10.0%	0.0%		67%	83%
ICU Medical	4	(1)	5		46	(10)	56		-25.0%	-21.7%		-91%	-91%
Penumbra	4	(2)	6		(2)	1	(3)		-50.0%	-50.0%		300%	300%
Staar Surgical	1	-	1		(2)	-	(2)		0.0%	0.0%		-150%	-150%
Glaukos	(3)	-	(3)		1	-	1		0.0%	0.0%		-400%	-400%
Genomic Health	(4)	-	(4)		-	1	(1)		0.0%	NM		NM	300%
Natus Medical	(4)	(1)	(3)		-	-	-		25.0%	NM		NM	NM
Intersect ENT	(6)	-	(6)		(6)	-	(6)		0.0%	0.0%		0%	0%
Ionis Pharmaceuticals	(11)	-	(11)		9	-	9		0.0%	0.0%		-222%	-222%
iRhythm	(11)	-	(11)		(5)	-	(5)		0.0%	0.0%		120%	120%
CytomX Therapeutics	(14)	1	(15)		(8)	-	(8)		-7.1%	0.0%		75%	88%
Mirati Therapeutics	(15)	-	(15)		(18)	-	(18)		0.0%	0.0%		-17%	-17%
AnaptysBio	(15)	-	(15)		(11)	-	(11)		0.0%	0.0%		36%	36%
Retrophin	(18)	-	(18)		(13)	(2)	(11)		0.0%	15.4%		38%	64%
MyoKardia	(18)	-	(18)		(15)	-	(15)		0.0%	0.0%		20%	20%
Nevro	(18)	-	(18)		(15)	-	(15)		0.0%	0.0%		20%	20%
Sangamo Therapeutics	(20)	-	(20)		(17)	-	(17)		0.0%	0.0%		18%	18%
ARMO Biosciences	(22)	-	(22)		(9)	-	(9)		0.0%	0.0%		144%	144%
Dexcom	(24)	-	(24)		(40)	1	(41)		0.0%	-2.5%		40%	40%
Denali Therapeutics	(24)	-	(24)		(21)	-	(21)		0.0%	0.0%		14%	14%
Puma Biotechnology	(24)	-	(24)		(73)	-	(73)		0.0%	0.0%		-67%	-67%
Audentes Therapeutics	(26)	-	(26)		(18)	-	(18)		0.0%	0.0%		44%	44%
Halozyme Therapeutics	(27)	-	(27)		(33)	-	(33)		0.0%	0.0%		-18%	-18%
Iovance Biotherapeutics	(27)	-	(27)		(21)	-	(21)		0.0%	0.0%		29%	29%
Xencor	(29)	-	(29)		(15)	-	(15)		0.0%	0.0%		93%	93%
Zogenix	(30)	-	(30)		(21)		(21)		0.0%	0.0%		43%	43%
Arena Pharmaceuticals	(31)	-	(31)		(23)		(23)		0.0%	0.0%		35%	35%
Revance Therapeutics	(35)	-	(35)		(27)	-	(27)		0.0%	0.0%		30%	30%
Nuvasive	(37)	(10)	(27)		13	1	12		27.0%	7.7%		-385%	-325%
Dynavax Technologies	(39)	-	(39)		(25)	-	(25)		0.0%	0.0%		56%	56%
Atara Biotherapeutics	(41)	-	(41)		(26)	-	(26)		0.0%	0.0%		58%	58%
Fibrogen	(41)	-	(41)		(31)	-	(31)		0.0%	0.0%		32%	32%
Neurocrine Biosciences	(42)	-	(42)		(78)	-	(78)		0.0%	0.0%		46%	46%
Global Blood Therapeutics	(42)	-	(42)		(23)	-	(23)		0.0%	0.0%		83%	83%
Aimmune Therapeutics	(50)	-	(50)		(26)	-	(26)		0.0%	0.0%		92%	92%
Biomarin Pharmaceuticals	(51)	(7)	(44)		(24)	(8)	(16)		13.7%	33.3%		-113%	-175%
Heron Therapeutics	(52)	-	(52)		(50)	-	(50)		0.0%	0.0%		4%	4%
Acadia Pharmaceuticals	(53)	1	(54)		(88)	-	(88)		-1.9%	0.0%		-40%	-39%
Theravance Biopharma	(65)	-	(65)		(60)	5	(65)		0.0%	-8.3%		8%	0%
Portola Pharmaceuticals	(85)	-	(85)		(42)	-	(42)		0.0%	0.0%		102%	102%
Nektar Therapeutics	(96)	-	(96)		(64)	-	(64)		0.0%	0.0%		-50%	-50%
Impax Labs	(138)	(7)	(131)		(67)	31	(98)		5.1%	-46.3%		106%	34%
Total all 63 Health Care Cos	5,946	1,188	4,758	#	6,750	1,689	5,061		20.0%	25.0%		-12%	-6%
Financial Cos
Wells Fargo	7,501	1,374	6,127		7,858	2,133	5,725		18.3%	27.1%		-5%	7%
Charles Schwab	1,002	219	783		843	279	564		21.9%	33.1%		19%	39%
Franklin Resources	633	150	483		628	193	435		23.7%	30.7%		1%	11%
Prologis	409	17	392		230	10	220		4.2%	4.3%		78%	78%
Public Storage	344	-	344		344		344		0.0%	0.0%		0%	0%
AerCap Holdings NV	305	39	266		300	39	261		12.8%	13.0%		2%	2%
SVB Financial Group	282	74	208		159	51	108		26.2%	32.1%		77%	93%
First Republic Bank	246	47	199		214	37	177		19.1%	17.3%		15%	12%
East West Bancorp	212	25	187		228	58	170		11.8%	25.4%		-7%	10%
Molina Health Care	179	72	107		131	54	77		40.2%	41.2%		37%	39%
PacWest Bancorp	163	45	118		126	47	79		27.6%	37.3%		29%	49%
Oaktree Capital Group LLC	144	6	138		174	12	162		4.2%	6.9%		-17%	-15%
Alexandria Real Estate Equities	142	-	142		48	-	48		0.0%	0.0%		196%	196%
Air Lease	141	30	111		134	49	85		21.3%	36.6%		5%	31%
Digital Realty Trust	110	-	110		85	-	85		0.0%	0.0%		29%	29%
Essex Property Trust	97	-	97		188	-	188		0.0%	0.0%		-48%	-48%
First American Financial	93	17	76		84	26	58		18.3%	31.0%		11%	31%
Realty Income Corp	84	-	84		89	-	89		0.0%	0.0%		-6%	-6%
Cathay General Bancorp	83	19	64		69	20	49		22.9%	29.0%		20%	31%
Green Dot	80	10	70		63	22	41		12.5%	34.9%		27%	71%
Equinix	80	17	63		55	13	42		21.3%	23.6%		45%	50%
BofI Holding	78	27	51		71	30	41		34.6%	42.3%		10%	24%
Corporate Capital Trust	74	1	73		85	-	85		1.4%	0.0%		-13%	-14%
PS Business Parks	72	-	72		47	-	47		0.0%	0.0%		53%	53%
Hope Bancorp	69	18	51		59	23	36		26.1%	39.0%		17%	42%
Sabra Health Care REIT	63	1	62		19	-	19		1.6%	0.0%		232%	226%
Ares Management LP	62	(12)	74		(190)	(34)	(156)		-19.4%	17.9%		-133%	-147%
Houlihan Lokey	61	23	38		57	23	34		37.7%	40.4%		7%	12%
Hudson Pacific Properties	53	-	53		24	-	24		0.0%	0.0%		121%	121%
Redwood Trust	52	5	47		43	6	37		9.6%	14.0%		21%	27%
CVB Financial	49	14	35		45	16	29		28.6%	35.6%		9%	21%
Kilroy Realty	41	-	41		37	-	37		0.0%	0.0%		11%	11%
PennyMac Mortgage Invest Trust	38	10	28		23	(6)	29		26.3%	-26.1%		65%	-3%
HCP Inc	38	(5)	43		458	(6)	464		-13.2%	-1.3%		-92%	-91%
Pacific Premier Bancorp	37	9	28		14	4	10		24.3%	28.6%		164%	180%
Encore Capital Group	33	9	24		27	12	15		27.3%	44.4%		22%	60%
Douglas Emmett	33	-	33		22	-	22		0.0%	0.0%		50%	50%
Financial Engines	28	10	18		17	4	13		35.7%	23.5%		65%	38%
NMI Holdings	26	4	22		7	1	6		15.4%	14.3%		271%	267%
TPG RE Finance Trust	25	-	25		23	-	23		0.0%	0.0%		9%	9%
Preferred Bank	23	6	17		16	6	10		26.1%	37.5%		44%	70%
Westamerica Bancorp	22	4	18		20	5	15		18.2%	25.0%		10%	20%
American Homes 4 Rent	22	-	22		12	-	12		0.0%	0.0%		83%	83%
Textainer Group Holdings Ltd	21	1	20		(8)	-	(8)		4.8%	0.0%		-363%	-350%
LTC Properties	20	-	20		22	-	22		0.0%	0.0%		-9%	-9%
McGrath RentCorp	19	5	14		13	5	8		26.3%	38.5%		46%	75%
Opus Bank	17	4	13		13	5	8		23.5%	38.5%		31%	63%
Four Corners Property Trust	16	-	16		15	-	15		0.0%	0.0%		7%	7%
Rexford Industrial Realty	15	-	15		6	-	6		0.0%	0.0%		150%	150%
Caretrust REIT	15	-	15		10	-	10		0.0%	0.0%		50%	50%
Retail Opportunity Invest Corp	12	-	12		11	-	11		0.0%	0.0%		9%	9%
Tereno Realty	10	-	10		6	-	6		0.0%	0.0%		67%	67%
Hercules Capital	6	-	6		(6)	-	(6)		0.0%	0.0%		-200%	-200%
American Assets Trust	(1)	-	(1)		10	-	10		0.0%	0.0%		-110%	-110%
Colony NorthStar Credit Real Est	(3)	(1)	(2)		32	-	32		33.3%	0.0%		-109%	-106%
Blackhawk Network Holdings	(27)	(11)	(16)		(29)	(12)	(17)		40.7%	41.4%		-7%	-6%
Macerich	(37)	(3)	(34)		72	(3)	75		8.1%	-4.2%		-151%	-145%
Colony NorthStar	(59)	(33)	(26)		44	4	40		55.9%	9.1%		-234%	-165%
Mercury General	(60)	(17)	(43)		31	4	27		28.3%	12.9%		-294%	-259%
Total all 59 Financial Cos	13,293	2,230	11,063		13,228	3,130	10,098		16.8%	23.7%		0%	10%
Chevron	5,073	1,414	3,659		3,129	430	2,699		27.9%	13.7%		62%	36%
Walt Disney	3,928	813	3,115		3,751	1,212	2,539		20.7%	32.3%		5%	23%
Manufacturing Cos
Monster Beverage	282	66	216		265	87	178		23.4%	32.8%		6%	21%
Clorox	242	61	181		247	75	172		25.2%	30.4%		-2%	5%
Avery Dennison	158	33	125		136	24	112		20.9%	17.6%		16%	12%
Skechers USA	152	15	137		124	17	107		9.9%	13.7%		23%	28%
Callaway Golf	80	17	63		39	13	26		21.3%	33.3%		105%	142%
Trimble	67	8	59		64	14	50		11.9%	21.9%		5%	18%
Sanmina	42	17	25		57	25	32		40.5%	43.9%		-26%	-22%
Simpson Manufacturing	33	7	26		31	8	23		21.2%	25.8%		6%	13%
Kaiser Aluminum	32	6	26		55	19	36		18.8%	34.5%		-42%	-28%
Deckers Outdoor	18	(3)	21		(32)	(16)	(16)		-16.7%	50.0%		-156%	-231%
Flex Ltd	16	35	(19)		99	12	87		218.8%	12.1%		-84%	-122%
Fox Factory Holding	15	(6)	21		11	1	10		-40.0%	9.1%		36%	110%
TTM Technologies Inc	15	5	10		37	4	33		33.3%	10.8%		-59%	-70%
NetGear	8	2	6		24	8	16		25.0%	33.3%		-67%	-63%
Cubic	(2)	1	(3)		(10)	(52)	42		-50.0%	520.0%		-80%	-107%
Infinera	(27)	(1)	(26)		(41)	-	(41)		3.7%	0.0%		-34%	-37%
Viasat	(37)	(17)	(20)		3	(1)	4		45.9%	-33.3%		-1333%	-600%
Sunrun	(83)	8	(91)		(70)	5	(75)		-9.6%	-7.1%		19%	21%
Avaya Holdings	(139)	(9)	(130)		(27)	(19)	(8)		6.5%	70.4%		415%	1525%
Mattel	(314)	(3)	(311)		(146)	(33)	(113)		1.0%	22.6%		-115%	-175%
Tesla	(779)	6	(785)		(372)	25	(397)		-0.8%	-6.7%		-109%	-98%
Total all 21 Manufacturing Cos	(221)	248	(469)		494	216	278		-112.2%	43.7%		-145%	-269%
Utility Cos
Sempra Energy	647	289	358		747	295	452		44.7%	39.5%		-13%	-21%
PG&E Corp	496	51	445		688	109	579		10.3%	15.8%		-28%	-23%
Edison Intl	211	(31)	242		352	(40)	392		-14.7%	-11.4%		-40%	-38%
American States Water	13	2	11		20	7	13		15.4%	35.0%		-35%	-15%
SJW Group	1	-	1		5	1	4		0.0%	20.0%		-80%	-75%
California Water Service Group	(3)	-	(3)		1	-	1		0.0%	0.0%		-400%	-400%
Pattern Energy Group	(6)	7	(13)		7	5	2		-116.7%	71.4%		-186%	-750%
Total all 7 Utility Cos	1,359	318	1,041		1,820	377	1,443		23.4%	20.7%		-25%	-28%
All Other Sectors
Reliance Steel	225	54	171		168	55	113		24.0%	32.7%		34%	51%
CBRE Group	196	46	150		193	54	139		23.5%	28.0%		2%	8%
Robert Half Intl	135	39	96		126	47	79		28.9%	37.3%		7%	22%
Trinet Group	67	13	54		45	16	29		19.4%	35.6%		49%	86%
TRI Pointe Group	58	15	43		13	5	8		25.9%	38.5%		346%	438%
Central Garden & Pet	57	11	46		56	21	35		19.3%	37.5%		2%	31%
Korn/Ferry Intl	54	26	28		32	8	24		48.1%	25.0%		69%	17%
Emerald Expositions Events	51	13	38		47	19	28		25.5%	40.4%		9%	36%
ASGN Inc	39	10	29		35	13	22		25.6%	37.1%		11%	32%
Tetra Tech	39	10	29		40	13	27		25.6%	32.5%		-3%	7%
PriceSmart	37	23	14		39	12	27		62.2%	30.8%		-5%	-48%
Jack in the Box	36	11	25		51	19	32		30.6%	37.3%		-29%	-22%
Sunstone Hotel Investors	35	(4)	39		64	-	64		-11.4%	0.0%		-45%	-39%
Cheesecake Factory	30	4	26		42	7	35		13.3%	16.7%		-29%	-26%
Marcus & Millichap	24	6	18		20	8	12		25.0%	40.0%		20%	50%
Dine Brands Global	23	6	17		26	10	16		26.1%	38.5%		-12%	6%
Exponent	22	2	20		18	1	17		9.1%	5.6%		22%	18%
Wesco Aircraft Holdings	21	6	15		23	6	17		28.6%	26.1%		-9%	-12%
BJ's Restaurants	15	-	15		13	4	9		0.0%	30.8%		15%	67%
California Resources	9	-	9		52	-	52		0.0%	0.0%		-83%	-83%
Kennedy-Wilson Holdings	(4)	(3)	(1)		(3)	(4)	1		75.0%	133.3%		33%	-200%
8X8 Inc	(13)	-	(13)		(3)	-	(3)		0.0%	0.0%		333%	333%
Granite Construction	(14)	(4)	(10)		(36)	(12)	(24)		28.6%	33.3%		-61%	-58%
Tivo Corp	(15)	4	(19)		(29)	6	(35)		-26.7%	-20.7%		-48%	-46%
Lions Gate Entertainment	(25)	(115)	90		5	(57)	62		460.0%	-1140.0%		-600%	45%
Lending Club	(31)	-	(31)		(30)	-	(30)		0.0%	0.0%		3%	3%
Live Nation Entertainment	(34)	7	(41)		(41)	7	(48)		-20.6%	-17.1%		17%	15%
AECOM	(132)	(24)	(108)		80	(36)	116		18.2%	-45.0%		-265%	-193%
Total all 28 in Other Sectors	905	156	749		1,046	222	824		17.2%	21.2%		-13%	-9%
Total all 269 Cos..No McKesson	75,165	12,027	63,138		64,009	15,927	48,082		16.0%	24.9%		17%	31%
Total all 270 California Cos	74,071	12,020	62,051		68,683	16,971	51,712		16.2%	24.7%		8%	20%