The 322 California Cos With March, April or May Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $1 Bil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $90.0 Bil, Up 10.7% From Their Previous Year's Quarter Total PTI of $81.3 Bil .......................................................................................

Excluding McKesson Which Recorded a $3.9 Bil Gain Just From the Creation of a Joint Venture Which Dramatically Bolstered Its Reported March 2017 Quarter Pretax Income,  The 321 Remaining California Companies With Market Caps of at Least $1 Bil Generated March, April or May 2018 Quarter Total Pretax Income Which Was Up a Very Robust 18.9% From Their Prior Year's Quarter     ...................................................................................... 

The 123 CA Techs Generated 2018 Quarter Total PTI of $59.3 Bil, Up an Exceptional 32% From Their Previous Year's Quarter Total PTI, Led By the 68 Tech Software & Services Companies, Which Generated 2018 Quarter Total PTI of $28.6 Bil, Up a Blistering 59% From That in the Previous Year's Quarter. These 123 Techs Generated 2018 Quarter After-Tax Net Income of $56.0 Bil, Up an Even More Blistering 65% From Their Previous Year's Quarter Total Net Income.  These 123 CA Technology Cos Have Creatively Spotted the Many Large Holes in the Trump Tax Cuts Act. 

........................................................................................ 

The 199 CA Non-Techs Generated 2018 Quarter Total PTI of $30.7 Bil, Down By a Very Disappointing 15% From That in Their Previous Year's Quarter, Driven Primarily By the Huge Earnings Drop By Cos in the CA Health Care Sector. ........................................................................................ 

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, April or May 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of California with March, April or May 2018 Quarter Ends, with stock market caps of at least $1 Bil recently and which have released their March, April or May 2018 Quarter Earnings by July 5, 2018.

												US GAAP	US GAAP
												Pretax	Net
									US GAAP	US GAAP		Income	Income
	US GAAP	US GAAP	US GAAP		US GAAP	US GAAP	US GAAP		Effective	Effective		Better	Better
	Pretax	Income	Net		Pretax	Income	Net		Income	Income		(Worse)	(Worse)
	Income	Tax	Income		Income	Tax	Income		Tax	Tax		% Change	% Change
California Company	(Loss)	Expense	(Loss)		(Loss)	Expense	(Loss)		Rate	Rate		March,	March,
Market Caps of $1 Bil +	March,	March,	March,		March,	March,	March,		March,	March,		April or	April or
Releasing March, April or	April or	April or	April or		April or	April or	April or		April or	April or		May Qtr	May Qtr
May 2018 Quarter	May Qtr	May Qtr	May Qtr		May Qtr	May Qtr	May Qtr		May Qtr	May Qtr		2018	2018
Earnings By July 5, 2018	2018	2018	2018		2017	2017	2017		2018	2017		vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
Technology 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%
Oracle	4,141	733	3,408		3,760	529	3,231		17.7%	14.1%		10%	5%
Visa	3,217	612	2,605		2,702	2,272	430		19.0%	84.1%		19%	506%
Intuit	1,617	417	1,200		1,439	475	964		25.8%	33.0%		12%	24%
VMWare	1,175	233	942		281	36	245		19.8%	12.8%		318%	284%
Electronic Arts	754	147	607		716	150	566		19.5%	20.9%		5%	7%
Adobe Systems	691	28	663		493	118	375		4.1%	23.9%		40%	77%
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%
Salesforce.com	385	41	344		(10)	(11)	1		10.6%	110.0%		-3950%	34300%
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%
Synopsys	119	17	102		62	9	53		14.3%	14.5%		92%	92%
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%
Veeva Systems	46	2	44		39	2	37		4.3%	5.1%		18%	19%
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%
Stitch Fix	10	-	10		(9)	1	(10)		0.0%	-11.1%		211%	200%
Qualys	10	1	9		8	(14)	22		10.0%	-175.0%		25%	-59%
Trade Desk	9	-	9		1	(4)	5		0.0%	-400.0%		800%	80%
Zynga	9	4	5		(7)	3	(10)		44.4%	-42.9%		229%	150%
AppFolio	4	-	4		1	-	1		0.0%	0.0%		300%	300%
QAD Inc	2	1	1		(2)	1	(3)		50.0%	-50.0%		200%	133%
Five9 Inc	(1)	-	(1)		(5)	-	(5)		0.0%	0.0%		80%	80%
Yelp Inc	(2)	-	(2)		(4)	-	(4)		0.0%	0.0%		50%	50%
Chegg Inc	(2)	1	(3)		(6)	1	(7)		-50.0%	-16.7%		67%	57%
Ellie Mae	(3)	(5)	2		5	(5)	10		166.7%	-100.0%		-160%	-80%
RingCentral	(3)	-	(3)		(2)	-	(2)		0.0%	0.0%		-50%	50%
Mindbody	(4)	(2)	(2)		(4)	-	(4)		50.0%	0.0%		0%	-50%
Alteryx	(5)	-	(5)		(6)	-	(6)		0.0%	0.0%		17%	17%
Roku	(7)	-	(7)		(9)	-	(9)		0.0%	0.0%		22%	22%
ServiceNow	(7)	(18)	11		(23)	(1)	(22)		257.1%	4.3%		70%	150%
New Relic	(7)	-	(7)		(15)	-	(15)		0.0%	0.0%		53%	53%
Blackline	(7)	-	(7)		(8)	-	(8)		0.0%	0.0%		13%	13%
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%
Zscaler	(9)	-	(9)		(8)	-	(8)		0.0%	0.0%		-13%	-13%
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%
Coupa Software	(15)	-	(15)		(10)	-	(10)		0.0%	0.0%		-50%	-50%
Cornerstone On Demand	(16)	-	(16)		(16)	-	(16)		0.0%	0.0%		0%	0%
Zuora	(19)	-	(19)		(8)		(8)		0.0%	0.0%		-138%	-138%
Quality Systems	(20)	(9)	(11)		6	1	5		45.0%	16.7%		-433%	-320%
Square Inc	(24)	-	(24)		(15)	-	(15)		0.0%	0.0%		-60%	-60%
Twilio	(24)	-	(24)		(14)	-	(14)		0.0%	0.0%		-71%	-71%
Okta Inc	(26)	-	(26)		(28)	-	(28)		0.0%	0.0%		7%	7%
Proofpoint	(26)	(14)	(12)		(19)	1	(20)		53.8%	-5.3%		-37%	40%
Guideware Software	(28)	21	(49)		(3)	(1)	(2)		-75.0%	33.3%		-833%	-2350%
Zendesk	(32)	(3)	(29)		(25)	-	(25)		9.4%	0.0%		-28%	-16%
Pivotal Software	(33)	-	(33)		(48)	4	(52)		0.0%	-8.3%		31%	37%
Box Inc	(37)	-	(37)		(40)	-	(40)		0.0%	0.0%		8%	8%
Hortonworks	(42)	-	(42)		(55)	-	(55)		0.0%	0.0%		24%	24%
Shutterfly	(42)	(15)	(27)		(55)	(22)	(33)		35.7%	40.0%		24%	18%
Cloudera	(50)	1	(51)		(222)	-	(222)		-2.0%	0.0%		77%	77%
Symantec	(61)	(27)	(34)		(248)	(71)	(177)		44.3%	28.6%		75%	81%
AutoDesk	(64)	18	(82)		(121)	8	(129)		-28.1%	-6.6%		47%	36%
Workday	(75)	(1)	(74)		(62)	2	(64)		1.3%	-3.2%		-21%	-16%
Nutanix	(94)	3	(97)		(87)	(1)	(86)		-3.2%	1.1%		-8%	-13%
Splunk	(120)	(2)	(118)		(114)	1	(115)		1.7%	-0.9%		-5%	-3%
Pandora Media	(132)	-	(132)		(132)	-	(132)		0.0%	0.0%		0%	0%
DocuSign	(270)	1	(271)		(19)	-	(19)		-0.4%	0.0%		-1321%	-1326%
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 68 Tech Software&&Svcs	28,588	4,271	24,317		18,016	4,927	13,089		14.9%	27.3%		59%	86%
Tech Manufacturing Cos
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%
Cisco Systems	3,253	562	2,691		3,191	676	2,515		17.3%	21.2%		2%	7%
NVIDIA	1,311	67	1,244		536	29	507		5.1%	5.4%		145%	145%
Applied Materials	1,295	166	1,129		908	84	824		12.8%	9.3%		43%	37%
Broadcom Ltd	1,099	(2,637)	3,736		365	(103)	468		-239.9%	-28.2%		201%	698%
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%
NetApp	303	32	271		248	58	190		10.6%	23.4%		22%	43%
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%
Marvell Technology	132	4	128		59	10	49		3.0%	16.9%		124%	161%
Coherent	91	26	65		61	19	42		28.6%	31.1%		49%	55%
Advanced Micro Devices	89	8	81		(28)	5	(33)		9.0%	-17.9%		418%	345%
HP Inc	83	(975)	1,058		754	195	559		-1174.7%	25.9%		-89%	89%
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%
SMART Global Holdings	37	5	32		11	3	8		13.5%	27.3%		236%	300%
Microsemi	28	16	12		43	2	41		57.1%	4.7%		-35%	-71%
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%
Lumentum Holdings	3	-	3		(44)	12	(56)		0.0%	-27.3%		107%	105%
OSI Systems	3	1	2		19	5	14		33.3%	26.3%		-84%	-86%
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%
Semtech	(5)	(17)	12		16	4	12		340.0%	25.0%		-131%	0%
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%
Ambarella	(9)	1	(10)		3	-	3		-11.1%	0.0%		-400%	-433%
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%
Finisar	(30)	(12)	(18)		35	(95)	130		40.0%	-271.4%		-186%	-114%
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%
Palo Alto Networks	(50)	(3)	(47)		(53)	8	(61)		6.0%	-15.1%		6%	23%
Pure Storage	(63)	1	(64)		(56)	1	(57)		-1.6%	-1.8%		-13%	-12%
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%
Hewlett Packard Enterprises	(116)	(966)	850		113	591	(478)		832.8%	523.0%		-203%	278%
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 55 Tech Manufacturing	30,745	(905)	31,650		27,098	6,335	20,763		-2.9%	23.4%		13%	52%
Total 123 Tech Cos	59,333	3,366	55,967		45,114	11,262	33,852		5.7%	25.0%		32%	65%
Non-Technology Cos
All-Non Techs But McKesson
Wells Fargo	7,501	1,374	6,127		7,858	2,133	5,725		18.3%	27.1%		-5%	7%
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%
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%
Charles Schwab	1,002	219	783		843	279	564		21.9%	33.1%		19%	39%
Bio-Rad Labs	864	207	657		20	8	12		24.0%	40.0%		4220%	5375%
Sempra Energy	647	289	358		747	295	452		44.7%	39.5%		-13%	-21%
Franklin Resources	633	150	483		628	193	435		23.7%	30.7%		1%	11%
Ross Stores	542	124	418		498	177	321		22.9%	35.5%		9%	30%
PG&E Corp	496	51	445		688	109	579		10.3%	15.8%		-28%	-23%
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%
Intuitive Surgical	290	3	287		202	21	181		1.0%	10.4%		44%	59%
SVB Financial Group	282	74	208		159	51	108		26.2%	32.1%		77%	93%
Monster Beverage	282	66	216		265	87	178		23.4%	32.8%		6%	21%
Edwards Lifesciences	264	57	207		293	63	230		21.6%	21.5%		-10%	-10%
First Republic Bank	246	47	199		214	37	177		19.1%	17.3%		15%	12%
Clorox	242	61	181		247	75	172		25.2%	30.4%		-2%	5%
Agilent Technologies	227	22	205		191	27	164		9.7%	14.1%		19%	25%
Reliance Steel	225	54	171		168	55	113		24.0%	32.7%		34%	51%
Illumina	221	24	197		503	155	348		10.9%	30.8%		-56%	-43%
The Gap	219	55	164		238	95	143		25.1%	39.9%		-8%	15%
East West Bancorp	212	25	187		228	58	170		11.8%	25.4%		-7%	10%
Edison Intl	211	(31)	242		352	(40)	392		-14.7%	-11.4%		-40%	-38%
CBRE Group	196	46	150		193	54	139		23.5%	28.0%		2%	8%
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%
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%
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%
Robert Half Intl	135	39	96		126	47	79		28.9%	37.3%		7%	22%
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%
Digital Realty Trust	110	-	110		85	-	85		0.0%	0.0%		29%	29%
Synnex	106	12	94		116	43	73		11.3%	37.1%		-9%	29%
Align Technologies	99	3	96		62	(7)	69		3.0%	-11.3%		60%	39%
Essex Property Trust	97	-	97		188	-	188		0.0%	0.0%		-48%	-48%
Varian Medical	95	22	73		90	21	69		23.2%	23.3%		6%	6%
First American Financial	93	17	76		84	26	58		18.3%	31.0%		11%	31%
Herbalife Nutrition Ltd	91	9	82		113	28	85		9.9%	24.8%		-19%	-4%
Dolby Laboratories	90	19	71		66	15	51		21.1%	22.7%		36%	39%
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%
Keysight Technologies	83	19	64		22	(27)	49		22.9%	-122.7%		277%	31%
Green Dot	80	10	70		63	22	41		12.5%	34.9%		27%	71%
Callaway Golf	80	17	63		39	13	26		21.3%	33.3%		105%	142%
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%
KB Home	78	21	57		52	20	32		26.9%	38.5%		50%	78%
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%
Trimble	67	8	59		64	14	50		11.9%	21.9%		5%	18%
Trinet Group	67	13	54		45	16	29		19.4%	35.6%		49%	86%
Jazz Pharmaceuticals	66	19	47		116	29	87		28.8%	25.0%		-43%	-46%
Williams-Sonoma	65	20	45		63	23	40		30.8%	36.5%		3%	13%
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%
TRI Pointe Group	58	15	43		13	5	8		25.9%	38.5%		346%	438%
Korn/Ferry Intl	58	16	42		35	7	28		27.6%	20.0%		66%	50%
Central Garden & Pet	57	11	46		56	21	35		19.3%	37.5%		2%	31%
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%
Cooper Cos	54	(7)	61		110	5	105		-13.0%	4.5%		-51%	-42%
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%
Emerald Expositions Events	51	13	38		47	19	28		25.5%	40.4%		9%	36%
AMN Healthcare Services	50	7	43		47	15	32		14.0%	31.9%		6%	34%
CVB Financial	49	14	35		45	16	29		28.6%	35.6%		9%	21%
Sanmina	42	17	25		57	25	32		40.5%	43.9%		-26%	-22%
Kilroy Realty	41	-	41		37	-	37		0.0%	0.0%		11%	11%
Quidel	39	5	34		16	2	14		12.8%	12.5%		144%	143%
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%
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%
PriceSmart	37	23	14		39	12	27		62.2%	30.8%		-5%	-48%
RH	37	9	28		(5)	(2)	(3)		24.3%	40.0%		840%	1033%
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%
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%
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%
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%
Cheesecake Factory	30	4	26		42	7	35		13.3%	16.7%		-29%	-26%
AeroVironment	29	9	20		37	9	28		31.0%	24.3%		-22%	-29%
Financial Engines	28	10	18		17	4	13		35.7%	23.5%		65%	38%
PriceSmart	27	8	19		27	8	19		29.6%	29.6%		0%	0%
NMI Holdings	26	4	22		7	1	6		15.4%	14.3%		271%	267%
J2 Global	26	7	19		35	9	26		26.9%	25.7%		-26%	-27%
TPG RE Finance Trust	25	-	25		23	-	23		0.0%	0.0%		9%	9%
Marcus & Millichap	24	6	18		20	8	12		25.0%	40.0%		20%	50%
Preferred Bank	23	6	17		16	6	10		26.1%	37.5%		44%	70%
Dine Brands Global	23	6	17		26	10	16		26.1%	38.5%		-12%	6%
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%
Exponent	22	2	20		18	1	17		9.1%	5.6%		22%	18%
Textainer Group Holdings Ltd	21	1	20		(8)	-	(8)		4.8%	0.0%		-363%	-350%
Corcept Therapeutics	21	4	17		4	-	4		19.0%	0.0%		425%	325%
Wesco Aircraft Holdings	21	6	15		23	6	17		28.6%	26.1%		-9%	-12%
LTC Properties	20	-	20		22	-	22		0.0%	0.0%		-9%	-9%
Calavo Growers	19	5	14		21	8	13		26.3%	38.1%		-10%	8%
McGrath RentCorp	19	5	14		13	5	8		26.3%	38.5%		46%	75%
Deckers Outdoor	18	(3)	21		(32)	(16)	(16)		-16.7%	50.0%		-156%	-231%
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%
Flex Ltd	16	35	(19)		99	12	87		218.8%	12.1%		-84%	-122%
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%
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%
BJ's Restaurants	15	-	15		13	4	9		0.0%	30.8%		15%	67%
Abaxis	14	4	10		12	4	8		28.6%	33.3%		17%	25%
American States Water	13	2	11		20	7	13		15.4%	35.0%		-35%	-15%
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%
Inogen	10	(1)	11		6	-	6		-10.0%	0.0%		67%	83%
California Resources	9	-	9		52	-	52		0.0%	0.0%		-83%	-83%
NetGear	8	2	6		24	8	16		25.0%	33.3%		-67%	-63%
Hercules Capital	6	-	6		(6)	-	(6)		0.0%	0.0%		-200%	-200%
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%
SJW Group	1	-	1		5	1	4		0.0%	20.0%		-80%	-75%
American Assets Trust	(1)	-	(1)		10	-	10		0.0%	0.0%		-110%	-110%
Cubic	(2)	1	(3)		(10)	(52)	42		-50.0%	520.0%		-80%	-107%
Colony NorthStar Credit Real Est	(3)	(1)	(2)		32	-	32		33.3%	0.0%		-109%	-106%
Glaukos	(3)	-	(3)		1	-	1		0.0%	0.0%		-400%	-400%
California Water Service Group	(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
Kennedy-Wilson Holdings	(4)	(3)	(1)		(3)	(4)	1		75.0%	133.3%		33%	-200%
Intersect ENT	(6)	-	(6)		(6)	-	(6)		0.0%	0.0%		0%	0%
Pattern Energy Group	(6)	7	(13)		7	5	2		-116.7%	71.4%		-186%	-750%
Verifone Systems	(8)	9	(17)		(81)	9	(90)		-112.5%	-11.1%		90%	81%
iRhythm	(11)	-	(11)		(5)	-	(5)		0.0%	0.0%		120%	120%
Ionis Pharmaceuticals	(11)	-	(11)		9	-	9		0.0%	0.0%		-222%	-222%
8X8 Inc	(13)	-	(13)		(3)	-	(3)		0.0%	0.0%		333%	333%
CytomX Therapeutics	(14)	1	(15)		(8)	-	(8)		-7.1%	0.0%		75%	88%
Granite Construction	(14)	(4)	(10)		(36)	(12)	(24)		28.6%	33.3%		-61%	-58%
AnaptysBio	(15)	-	(15)		(11)	-	(11)		0.0%	0.0%		36%	36%
Mirati Therapeutics	(15)	-	(15)		(18)	-	(18)		0.0%	0.0%		-17%	-17%
Tivo Corp	(15)	4	(19)		(29)	6	(35)		-26.7%	-20.7%		-48%	-46%
MyoKardia	(18)	-	(18)		(15)	-	(15)		0.0%	0.0%		20%	20%
Nevro	(18)	-	(18)		(15)	-	(15)		0.0%	0.0%		20%	20%
Retrophin	(18)	-	(18)		(13)	(2)	(11)		0.0%	15.4%		38%	64%
Sangamo Therapeutics	(20)	-	(20)		(17)	-	(17)		0.0%	0.0%		18%	18%
Tricida	(21)	-	(21)		(2)	-	(2)		0.0%	0.0%		950%	950%
ARMO Biosciences	(22)	-	(22)		(9)	-	(9)		0.0%	0.0%		144%	144%
Denali Therapeutics	(24)	-	(24)		(21)	-	(21)		0.0%	0.0%		14%	14%
Puma Biotechnology	(24)	-	(24)		(73)	-	(73)		0.0%	0.0%		-67%	-67%
Dexcom	(24)	-	(24)		(40)	1	(41)		0.0%	-2.5%		40%	40%
Lions Gate Entertainment	(25)	(115)	90		5	(57)	62		460.0%	-1140.0%		-600%	45%
Audentes Therapeutics	(26)	-	(26)		(18)	-	(18)		0.0%	0.0%		44%	44%
Blackhawk Network Holdings	(27)	(11)	(16)		(29)	(12)	(17)		40.7%	41.4%		-7%	-6%
Halozyme Therapeutics	(27)	-	(27)		(33)	-	(33)		0.0%	0.0%		-18%	-18%
Iovance Biotherapeutics	(27)	-	(27)		(21)	-	(21)		0.0%	0.0%		29%	29%
Guess?	(27)	(6)	(21)		(22)	(1)	(21)		22.2%	4.5%		-23%	0%
Infinera	(27)	(1)	(26)		(41)	-	(41)		3.7%	0.0%		-34%	-37%
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%
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%
Revance Therapeutics	(35)	-	(35)		(27)	-	(27)		0.0%	0.0%		30%	30%
Macerich	(37)	(3)	(34)		72	(3)	75		8.1%	-4.2%		-151%	-145%
Nuvasive	(37)	(10)	(27)		13	1	12		27.0%	7.7%		-385%	-325%
Viasat	(37)	(17)	(20)		3	(1)	4		45.9%	-33.3%		-1333%	-600%
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%
Global Blood Therapeutics	(42)	-	(42)		(23)	-	(23)		0.0%	0.0%		83%	83%
Neurocrine Biosciences	(42)	-	(42)		(78)	-	(78)		0.0%	0.0%		46%	46%
Coherus BioSciences	(44)	-	(44)		(75)	-	(75)		0.0%	0.0%		-41%	-41%
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%
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%
Theravance Biopharma	(65)	-	(65)		(60)	5	(65)		0.0%	-8.3%		8%	0%
Sunrun	(83)	8	(91)		(70)	5	(75)		-9.6%	-7.1%		19%	21%
Portola Pharmaceuticals	(85)	-	(85)		(42)	-	(42)		0.0%	0.0%		102%	102%
Nektar Therapeutics	(96)	-	(96)		(64)	-	(64)		0.0%	0.0%		-50%	-50%
AECOM	(132)	(24)	(108)		80	(36)	116		18.2%	-45.0%		-265%	-193%
Impax Labs	(138)	(7)	(131)		(67)	31	(98)		5.1%	-46.3%		106%	34%
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 Non-TechsNoMcKesson	31,789	6,683	25,106		31,512	7,693	23,819		21.0%	24.4%		1%	5%
McKesson	(1,094)	(7)	(1,087)		4,674	1,044	3,630		0.6%	22.3%		-123%	-130%
Total 321 CA Cos But McKesson	91,122	10,049	81,073		76,626	18,955	57,671		11.0%	24.7%		18.9%	41%
Total 199 Non-Tech Cos	30,695	6,676	24,019		36,186	8,737	27,449		21.7%	24.1%		-15%	-12%
Total all 322 California Cos	90,028	10,042	79,986		81,300	19,999	61,301		11.2%	24.6%		10.7%	30%