Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S & P 500 INDEX DEP	228,770	$36.7M	11.9%	—	—	COM	78462F103
IWM	ISHARES RUSSELL 2000	171,600	$16.64M	5.4%	—	—	COM	464287655
PEP	PEPSICO	68,316	$5.588M	1.8%	—	—	COM	713448108
VWO	VANGUARD MSCI EMER	143,005	$5.548M	1.8%	—	—	COM	922042858
—	POWERSECURE INTL	333,265	$5.009M	1.6%	—	—	COM	73936N105
—	DENTSPLY INTL	117,844	$4.827M	1.6%	—	—	COM	249030107
—	PRAXAIR	39,850	$4.589M	1.5%	—	—	COM	74005P104
CVX	CHEVRON	37,624	$4.452M	1.4%	—	—	COM	166764100
PSA	PUBLIC STORAGE	28,180	$4.321M	1.4%	—	—	COM	74460D109
XOM	EXXON MOBIL	47,170	$4.262M	1.4%	—	—	COM	30231G102
ADP	AUTOMATIC DATA	60,088	$4.138M	1.3%	—	—	COM	053015103
DIS	DISNEY, WALT	64,405	$4.067M	1.3%	—	—	COM	254687106
—	A T & T NEW	109,239	$3.867M	1.2%	—	—	COM	001957505
QCOM	QUALCOMM	62,383	$3.811M	1.2%	—	—	COM	747525103
AXP	AMERICAN EXPRESS	50,065	$3.743M	1.2%	—	—	COM	025816109
MTB	M & T BANK	33,480	$3.741M	1.2%	—	—	COM	55261F104
—	SHUTTERFLY	66,385	$3.712M	1.2%	—	—	COM	82568P304
MMM	3 M COMPANY	33,865	$3.703M	1.2%	—	—	COM	88579Y101
ABT	ABBOTT LABS	105,551	$3.682M	1.2%	—	—	COM	002824100
—	CALLIDUS SOFTWARE	556,285	$3.666M	1.2%	—	—	COM	13123E500
ATRO	ASTRONICS	89,540	$3.659M	1.2%	—	—	COM	046433108
MRK	MERCK	78,575	$3.65M	1.2%	—	—	COM	58933Y105
IRBTQ	IROBOT CORP	88,553	$3.522M	1.1%	—	—	COM	462726100
—	EATON	53,325	$3.509M	1.1%	—	—	COM	278058102
CSX	CSX	149,180	$3.459M	1.1%	—	—	COM	126408103
WMB	WILLIAMS COMPANIES	106,168	$3.447M	1.1%	—	—	COM	969457100
AAPL	APPLE	8,670	$3.438M	1.1%	—	—	COM	037833100
RYN	RAYONIER	61,790	$3.423M	1.1%	—	—	COM	754907103
PFE	PFIZER	120,672	$3.38M	1.1%	—	—	COM	717081103
—	DU PONT	63,779	$3.348M	1.1%	—	—	COM	263534109
WFC	WELLS FARGO	81,041	$3.345M	1.1%	—	—	COM	949746101
LOW	LOWES COS.	79,703	$3.26M	1.1%	—	—	COM	548661107
SYY	SYSCO CORP	94,933	$3.243M	1.0%	—	—	COM	871829107
MSFT	MICROSOFT	92,554	$3.197M	1.0%	—	—	COM	594918104
TYL	TYLER TECHNOLOGIES	46,256	$3.171M	1.0%	—	—	COM	902252105
NKE	NIKE CL B	49,725	$3.166M	1.0%	—	—	COM	654106103
DLR	DIGITAL REALTY	50,754	$3.096M	1.0%	—	—	COM	253868103
SLB	SCHLUMBERGER	42,904	$3.075M	1.0%	—	—	COM	806857108
JPM	J P MORGAN CHASE	57,925	$3.058M	1.0%	—	—	COM	46625H100
CSCO	CISCO SYSTEMS	124,383	$3.027M	1.0%	—	—	COM	17275R102
—	FUEL SYSTEMS	167,934	$3.004M	1.0%	—	—	COM	35952W103
IBM	IBM	15,528	$2.968M	1.0%	—	—	COM	459200101
—	ABBVIE	69,281	$2.864M	0.9%	—	—	COM	00287V109
—	NORDSTROM	46,985	$2.816M	0.9%	—	—	COM	655664100
—	MERIDIAN BIOSCIENCE	128,590	$2.765M	0.9%	—	—	COM	589584101
EFA	ISHARES MSCI EAFE	48,030	$2.752M	0.9%	—	—	COM	464287465
—	UNITED TECHNOLOGIES	29,599	$2.751M	0.9%	—	—	COM	913017109
VZ	VERIZON	54,379	$2.737M	0.9%	—	—	COM	92343V104
AME	AMETEK	61,175	$2.588M	0.8%	—	—	COM	031100100
MGRC	MCGRATH RENTCORP	73,747	$2.519M	0.8%	—	—	COM	580589109
—	FLOW INT'L	677,886	$2.501M	0.8%	—	—	COM	343468104
—	NUTRISYSTEM, INC.	203,312	$2.395M	0.8%	—	—	COM	67069D108
—	CHUBB	28,165	$2.384M	0.8%	—	—	COM	171232101
IMAX	IMAX CORP	93,303	$2.32M	0.7%	—	—	COM	45245E109
CDP	CORPORATE OFFICE	89,392	$2.279M	0.7%	—	—	COM	22002T108
MIDD	MIDDLEBY CORP	13,328	$2.267M	0.7%	—	—	COM	596278101
PG	PROCTOR & GAMBLE	29,076	$2.239M	0.7%	—	—	COM	742718109
COP	CONOCO/PHILLIPS	36,424	$2.204M	0.7%	—	—	COM	20825C104
—	EXCO RESOURCES	287,950	$2.2M	0.7%	—	—	COM	269279402
EWZ	ISHARES MSCI BRAZIL	50,000	$2.193M	0.7%	—	—	COM	464286400
COST	COSTCO WHOLESALE	19,555	$2.162M	0.7%	—	—	COM	22160K105
ACN	ACCENTURE	30,000	$2.159M	0.7%	—	—	COM	G1151C101
—	LIVEPERSON	238,960	$2.14M	0.7%	—	—	COM	538146101
—	QUALITY SYSTEMS	111,869	$2.093M	0.7%	—	—	COM	747582104
NVEC	NVE	42,180	$1.975M	0.6%	—	—	COM	629445206
—	ENERGEN	37,717	$1.971M	0.6%	—	—	COM	292655108
—	CANTEL MEDICAL	57,826	$1.959M	0.6%	—	—	COM	138098108
AORT	CRYOLIFE	308,695	$1.932M	0.6%	—	—	COM	228903100
—	NATIONAL PENN BANC	185,669	$1.886M	0.6%	—	—	COM	637138108
—	TRIANGLE CAPITAL CORP	68,005	$1.871M	0.6%	—	—	COM	895848109
—	PIONEER ENERGY	273,913	$1.813M	0.6%	—	—	COM	723664108
SNA	SNAP-ON	19,570	$1.749M	0.6%	—	—	COM	833034101
SYK	STRYKER CORP	26,175	$1.693M	0.5%	—	—	COM	863667101
PENN	PENN NATL GAMING	31,917	$1.689M	0.5%	—	—	COM	707569109
ITW	ILLINOIS TOOL WORKS	24,000	$1.66M	0.5%	—	—	COM	452308109
—	LEAPFROG ENTERPRISES	163,217	$1.606M	0.5%	—	—	COM	52186N106
BDX	BECTON DICKINSON	16,165	$1.598M	0.5%	—	—	COM	075887109
JNJ	JOHNSON & JOHNSON	18,350	$1.576M	0.5%	—	—	COM	478160104
ADBE	ADOBE SYSTEMS	34,300	$1.563M	0.5%	—	—	COM	00724F101
—	ROSETTA RESOURCES	36,633	$1.558M	0.5%	—	—	COM	777779307
KO	COCA COLA	36,720	$1.473M	0.5%	—	—	COM	191216100
CAT	CATERPILLAR	17,685	$1.459M	0.5%	—	—	COM	149123101
—	II-VI, INC	85,017	$1.382M	0.4%	—	—	COM	902104108
—	SEACHANGE	116,810	$1.368M	0.4%	—	—	COM	811699107
CL	COLGATE	22,980	$1.317M	0.4%	—	—	COM	194162103
MCD	McDONALDS	11,905	$1.179M	0.4%	—	—	COM	580135101
VSS	VANGUARD FTSE	13,169	$1.175M	0.4%	—	—	COM	922042718
DE	DEERE	11,197	$910K	0.3%	—	—	COM	244199105
DOV	DOVER CORP	11,551	$897K	0.3%	—	—	COM	260003108
KMB	KIMBERLY CLARK	7,884	$766K	0.2%	—	—	COM	494368103
IDXX	IDEXX LABORATORIES	8,000	$718K	0.2%	—	—	COM	45168D104
UNP	UNION PACIFIC	4,430	$683K	0.2%	—	—	COM	907818108
LLY	LILLY, ELI	13,695	$673K	0.2%	—	—	COM	532457108
EEM	ISHARES MSCI EMER	12,800	$493K	0.2%	—	—	COM	464287234
OXY	OCCIDENTAL PETROL	5,350	$477K	0.2%	—	—	COM	674599105
PNC	PNC FINANCIAL	6,180	$451K	0.1%	—	—	COM	693475105
FULT	FULTON FINANCIAL	39,023	$448K	0.1%	—	—	COM	360271100
NVS	NOVARTIS	6,284	$444K	0.1%	—	—	COM	66987V109
—	WALGREEN	9,050	$400K	0.1%	—	—	COM	931422109
—	GENERAL ELECTRIC	16,419	$381K	0.1%	—	—	COM	369604103
BP	B P PLC ADR	8,840	$369K	0.1%	—	—	COM	055622104
BAX	BAXTER INTL	4,992	$346K	0.1%	—	—	COM	071813109
—	ANADARKO PETROLEUM	4,000	$344K	0.1%	—	—	COM	032511107
FMC	FMC CORP	5,400	$330K	0.1%	—	—	COM	302491303
CACI	CACI INTL	4,900	$311K	0.1%	—	—	COM	127190304
—	FEMALE HEALTH CORP	30,000	$296K	0.1%	—	—	COM	314462102
GHM	GRAHAM CORP	9,710	$292K	0.1%	—	—	COM	384556106
—	BIG 5 SPORTING GOODS	13,000	$285K	0.1%	—	—	COM	08915P101
INTU	INTUIT, INC.	4,300	$262K	0.1%	—	—	COM	461202103
—	R G BARRY CORP	15,500	$252K	0.1%	—	—	COM	068798107
—	BRYN MAWR BANK	10,475	$251K	0.1%	—	—	COM	117665109
CMI	CUMMINS	2,240	$243K	0.1%	—	—	COM	231021106
—	FAMOUS DAVE	14,973	$233K	0.1%	—	—	COM	307068106
DLN	WISDOM TREE LG CAP	3,845	$230K	0.1%	—	—	COM	97717W307
—	ACETO	16,500	$230K	0.1%	—	—	COM	004446100
—	DEPOMED INC	40,000	$225K	0.1%	—	—	COM	249908104
—	FIVE STAR QUALITY	40,000	$224K	0.1%	—	—	COM	33832D106
—	DUKE ENERGY	3,262	$220K	0.1%	—	—	COM	264399106
—	MONSANTO	2,200	$217K	0.1%	—	—	COM	61166W101
FC	FRANKLIN COVEY CO	15,000	$202K	0.1%	—	—	COM	353469109
—	ROCKY MT CHOCOLATE	15,800	$196K	0.1%	—	—	COM	774678403
—	ODYSSEY MARINE	65,000	$192K	0.1%	—	—	COM	676116102
—	PRGX GLOBAL	31,000	$170K	0.1%	—	—	COM	69357C503
FARM	FARMER BROTHERS	12,000	$169K	0.1%	—	—	COM	307675108
—	ACTUATE CORP	25,000	$166K	0.1%	—	—	COM	00508B102
—	MONMOUTH REAL ESTATE	16,700	$165K	0.1%	—	—	COM	609720107
—	DIGITAL GENERATION	22,000	$162K	0.1%	—	—	COM	25400B108
FCBC	FIRST COMMUNITY	10,000	$157K	0.1%	—	—	COM	31983A103
—	VERTEX ENERGY	50,300	$150K	0.0%	—	—	COM	92534K107
—	WASHINGTON BANKING	10,500	$149K	0.0%	—	—	COM	937303105
—	PSYCHEMEDICS CORP	13,700	$147K	0.0%	—	—	COM	744375205
—	SPARTAN MOTORS	23,600	$144K	0.0%	—	—	COM	846819100
—	CHEROKEE INC	11,100	$142K	0.0%	—	—	COM	16444H102
—	MEDLEY CAPITAL CORP	10,000	$136K	0.0%	—	—	COM	58503F106
—	WARREN RESOURCES	50,000	$128K	0.0%	—	—	COM	93564A100
—	ECOLOGY & ENVIRONMENT	12,025	$126K	0.0%	—	—	COM	278878103
—	JOE'S JEANS	75,000	$123K	0.0%	—	—	COM	47777N101
SLP	SIMULATION PLUS	28,977	$121K	0.0%	—	—	COM	829214105
—	EMAGIN COEP	31,110	$111K	0.0%	—	—	COM	29076N206
—	AMERICAN APPAREL	50,000	$96,000	0.0%	—	—	COM	023850100
CRNT	CERAGON NETWORKS	24,196	$76,000	0.0%	—	—	COM	M22013102