Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S & P 500 INDEX DEP	237,870	$39.97M	11.2%	—	—	COM	78462F103
IWM	ISHARES RUSSELL 2000	204,500	$21.8M	6.1%	—	—	COM	464287655
PEP	PEPSICO	75,026	$5.965M	1.7%	—	—	COM	713448108
VWO	VANGUARD MSCI EMER	142,405	$5.715M	1.6%	—	—	COM	922042858
—	PRAXAIR	43,545	$5.234M	1.5%	—	—	COM	74005P104
—	DENTSPLY INTL	117,519	$5.102M	1.4%	—	—	COM	249030107
CVX	CHEVRON	41,093	$4.993M	1.4%	—	—	COM	166764100
PSA	PUBLIC STORAGE	30,970	$4.972M	1.4%	—	—	COM	74460D109
MRK	MERCK	103,908	$4.947M	1.4%	—	—	COM	58933Y105
DIS	DISNEY, WALT	74,540	$4.807M	1.4%	—	—	COM	254687106
MMM	3 M COMPANY	40,150	$4.794M	1.3%	—	—	COM	88579Y101
XOM	EXXON MOBIL	55,203	$4.75M	1.3%	—	—	COM	30231G102
—	CALLIDUS SOFTWARE	514,171	$4.715M	1.3%	—	—	COM	13123E500
QCOM	QUALCOMM	69,703	$4.692M	1.3%	—	—	COM	747525103
WMB	WILLIAMS COMPANIES	127,848	$4.649M	1.3%	—	—	COM	969457100
—	DU PONT	78,289	$4.585M	1.3%	—	—	COM	263534109
—	EATON	65,950	$4.54M	1.3%	—	—	COM	278058102
SLB	SCHLUMBERGER	51,129	$4.518M	1.3%	—	—	COM	806857108
NKE	NIKE CL B	61,810	$4.49M	1.3%	—	—	COM	654106103
CSX	CSX	171,690	$4.419M	1.2%	—	—	COM	126408103
AAPL	APPLE	9,265	$4.417M	1.2%	—	—	COM	037833100
AXP	AMERICAN EXPRESS	57,280	$4.326M	1.2%	—	—	COM	025816109
LOW	LOWES COS.	87,938	$4.187M	1.2%	—	—	COM	548661107
ABT	ABBOTT LABS	123,916	$4.113M	1.2%	—	—	COM	002824100
MTB	M & T BANK	36,740	$4.112M	1.2%	—	—	COM	55261F104
PFE	PFIZER	143,137	$4.112M	1.2%	—	—	COM	717081103
—	POWERSECURE INTL	255,709	$4.104M	1.2%	—	—	COM	73936N105
ATRO	ASTRONICS	81,870	$4.07M	1.1%	—	—	COM	046433108
RYN	RAYONIER	68,670	$3.821M	1.1%	—	—	COM	754907103
—	UNITED TECHNOLOGIES	35,039	$3.778M	1.1%	—	—	COM	913017109
TYL	TYLER TECHNOLOGIES	42,561	$3.723M	1.0%	—	—	COM	902252105
—	A T & T NEW	108,424	$3.667M	1.0%	—	—	COM	001957505
—	ABBVIE	81,896	$3.663M	1.0%	—	—	COM	00287V109
CSCO	CISCO SYSTEMS	155,863	$3.652M	1.0%	—	—	COM	17275R102
WFC	WELLS FARGO	84,236	$3.481M	1.0%	—	—	COM	949746101
—	SHUTTERFLY	61,813	$3.454M	1.0%	—	—	COM	82568P304
—	ENERGEN	45,052	$3.442M	1.0%	—	—	COM	292655108
JPM	J P MORGAN CHASE	66,320	$3.428M	1.0%	—	—	COM	46625H100
VZ	VERIZON	73,209	$3.417M	1.0%	—	—	COM	92343V104
IBM	IBM	17,387	$3.22M	0.9%	—	—	COM	459200101
—	NORDSTROM	57,255	$3.218M	0.9%	—	—	COM	655664100
—	CHUBB	35,690	$3.186M	0.9%	—	—	COM	171232101
EFA	ISHARES MSCI EAFE	48,655	$3.104M	0.9%	—	—	COM	464287465
SYY	SYSCO CORP	97,508	$3.104M	0.9%	—	—	COM	871829107
DWM	WISDOM TREE DEFA	59,744	$3.089M	0.9%	—	—	COM	97717W703
—	FUEL SYSTEMS	156,733	$3.081M	0.9%	—	—	COM	35952W103
IRBTQ	IROBOT CORP	81,242	$3.058M	0.9%	—	—	COM	462726100
SNA	SNAP-ON	29,905	$2.976M	0.8%	—	—	COM	833034101
COP	CONOCO/PHILLIPS	42,168	$2.931M	0.8%	—	—	COM	20825C104
AME	AMETEK	62,105	$2.858M	0.8%	—	—	COM	031100100
—	MERIDIAN BIOSCIENCE	118,568	$2.802M	0.8%	—	—	COM	589584101
ADP	AUTOMATIC DATA	38,473	$2.785M	0.8%	—	—	COM	053015103
—	NUTRISYSTEM, INC.	188,165	$2.706M	0.8%	—	—	COM	67069D108
COST	COSTCO WHOLESALE	23,045	$2.654M	0.7%	—	—	COM	22160K105
—	LIVEPERSON	278,030	$2.622M	0.7%	—	—	COM	538146101
IMAX	IMAX CORP	85,992	$2.601M	0.7%	—	—	COM	45245E109
MIDD	MIDDLEBY CORP	12,310	$2.572M	0.7%	—	—	COM	596278101
ADBE	ADOBE SYSTEMS	49,225	$2.558M	0.7%	—	—	COM	00724F101
—	CANTEL MEDICAL	79,101	$2.519M	0.7%	—	—	COM	138098108
—	SCRIPPS NETWORK	31,450	$2.457M	0.7%	—	—	COM	811065101
DLR	DIGITAL REALTY	45,679	$2.426M	0.7%	—	—	COM	253868103
MGRC	MCGRATH RENTCORP	67,576	$2.412M	0.7%	—	—	COM	580589109
SYK	STRYKER CORP	34,875	$2.357M	0.7%	—	—	COM	863667101
MSFT	MICROSOFT	68,849	$2.291M	0.6%	—	—	COM	594918104
—	QUALITY SYSTEMS	104,452	$2.27M	0.6%	—	—	COM	747582104
ACN	ACCENTURE	30,000	$2.209M	0.6%	—	—	COM	G1151C101
BDX	BECTON DICKINSON	20,940	$2.094M	0.6%	—	—	COM	075887109
PG	PROCTOR & GAMBLE	27,576	$2.084M	0.6%	—	—	COM	742718109
NVEC	NVE	40,598	$2.072M	0.6%	—	—	COM	629445206
AORT	CRYOLIFE	288,673	$2.021M	0.6%	—	—	COM	228903100
CAT	CATERPILLAR	24,145	$2.014M	0.6%	—	—	COM	149123101
—	SEACHANGE	170,737	$1.958M	0.6%	—	—	COM	811699107
—	PIONEER ENERGY	256,274	$1.925M	0.5%	—	—	COM	723664108
—	ROSETTA RESOURCES	35,017	$1.907M	0.5%	—	—	COM	777779307
CDP	CORPORATE OFFICE	82,117	$1.897M	0.5%	—	—	COM	22002T108
—	TRIANGLE CAPITAL CORP	63,515	$1.865M	0.5%	—	—	COM	895848109
CL	COLGATE	31,155	$1.847M	0.5%	—	—	COM	194162103
ITW	ILLINOIS TOOL WORKS	24,000	$1.83M	0.5%	—	—	COM	452308109
—	EXCO RESOURCES	270,912	$1.826M	0.5%	—	—	COM	269279402
—	NATIONAL PENN BANC	176,136	$1.77M	0.5%	—	—	COM	637138108
PENN	PENN NATL GAMING	30,642	$1.696M	0.5%	—	—	COM	707569109
JNJ	JOHNSON & JOHNSON	18,155	$1.574M	0.4%	—	—	COM	478160104
—	II-VI, INC	78,898	$1.483M	0.4%	—	—	COM	902104108
AVAV	AEROVIRONMENT	62,570	$1.445M	0.4%	—	—	COM	008073108
—	LEAPFROG ENTERPRISES	153,158	$1.443M	0.4%	—	—	COM	52186N106
LLY	LILLY, ELI	27,295	$1.374M	0.4%	—	—	COM	532457108
KO	COCA COLA	33,095	$1.254M	0.4%	—	—	COM	191216100
VSS	VANGUARD FTSE	12,404	$1.232M	0.3%	—	—	COM	922042718
KMB	KIMBERLY CLARK	13,034	$1.228M	0.3%	—	—	COM	494368103
MCD	McDONALDS	12,250	$1.179M	0.3%	—	—	COM	580135101
—	FEDERAL REALTY TRUST	10,414	$1.057M	0.3%	—	—	COM	313747206
DOV	DOVER CORP	11,121	$999K	0.3%	—	—	COM	260003108
—	WALGREEN	16,160	$869K	0.2%	—	—	COM	931422109
IDXX	IDEXX LABORATORIES	8,000	$797K	0.2%	—	—	COM	45168D104
DE	DEERE	9,697	$789K	0.2%	—	—	COM	244199105
UNP	UNION PACIFIC	4,430	$683K	0.2%	—	—	COM	907818108
EEM	ISHARES MSCI EMER	12,800	$522K	0.1%	—	—	COM	464287234
OXY	OCCIDENTAL PETROL	5,350	$500K	0.1%	—	—	COM	674599105
NTRS	NORTHERN TRUST	9,102	$495K	0.1%	—	—	COM	665859104
NVS	NOVARTIS	6,284	$482K	0.1%	—	—	COM	66987V109
FULT	FULTON FINANCIAL	39,023	$456K	0.1%	—	—	COM	360271100
PNC	PNC FINANCIAL	6,030	$437K	0.1%	—	—	COM	693475105
—	ANADARKO PETROLEUM	4,400	$409K	0.1%	—	—	COM	032511107
FMC	FMC CORP	5,400	$387K	0.1%	—	—	COM	302491303
BP	B P PLC ADR	8,840	$372K	0.1%	—	—	COM	055622104
—	GENERAL ELECTRIC	14,919	$356K	0.1%	—	—	COM	369604103
—	MONSANTO	3,200	$334K	0.1%	—	—	COM	61166W101
BAC	BANK OF AMERICA	23,962	$331K	0.1%	—	—	COM	060505104
GHM	GRAHAM CORP	9,110	$329K	0.1%	—	—	COM	384556106
BAX	BAXTER INTL	4,992	$328K	0.1%	—	—	COM	071813109
—	DEPOMED INC	40,000	$299K	0.1%	—	—	COM	249908104
—	FEMALE HEALTH CORP	30,000	$296K	0.1%	—	—	COM	314462102
INTU	INTUIT, INC.	4,300	$285K	0.1%	—	—	COM	461202103
—	DIGITAL GENERATION	22,000	$284K	0.1%	—	—	COM	25400B108
CACI	CACI INTL	3,900	$270K	0.1%	—	—	COM	127190304
FC	FRANKLIN COVEY CO	15,000	$269K	0.1%	—	—	COM	353469109
—	ACETO	16,500	$258K	0.1%	—	—	COM	004446100
—	ROCKY MT CHOCOLATE	20,000	$242K	0.1%	—	—	COM	774678403
—	FAMOUS DAVE	14,973	$241K	0.1%	—	—	COM	307068106
DLN	WISDOM TREE LG CAP	3,765	$230K	0.1%	—	—	COM	97717W307
—	ODYSSEY MARINE	75,000	$225K	0.1%	—	—	COM	676116102
—	BRYN MAWR BANK	8,134	$219K	0.1%	—	—	COM	117665109
—	DUKE ENERGY	3,262	$218K	0.1%	—	—	COM	264399106
—	MONMOUTH REAL ESTATE	23,700	$215K	0.1%	—	—	COM	609720107
—	ZEP INC	13,000	$211K	0.1%	—	—	COM	98944B108
MDY	SPDR MID CAP	920	$208K	0.1%	—	—	ETF	78467Y107
—	FIVE STAR QUALITY	40,000	$207K	0.1%	—	—	COM	33832D106
—	PRGX GLOBAL	31,000	$194K	0.1%	—	—	COM	69357C503
—	BIG 5 SPORTING GOODS	12,000	$193K	0.1%	—	—	COM	08915P101
SLP	SIMULATION PLUS	39,457	$190K	0.1%	—	—	COM	829214105
—	ID SYSTEMS	30,408	$187K	0.1%	—	—	COM	449489103
—	ACTUATE CORP	25,000	$184K	0.1%	—	—	COM	00508B102
FARM	FARMER BROTHERS	12,000	$181K	0.1%	—	—	COM	307675108
CCNE	CNB FINANCIAL	10,300	$176K	0.0%	—	—	COM	126128107
—	WARREN RESOURCES	60,000	$175K	0.0%	—	—	COM	93564A100
—	CHEROKEE INC	13,308	$173K	0.0%	—	—	COM	16444H102
FCBC	FIRST COMMUNITY	10,600	$173K	0.0%	—	—	COM	31983A103
PPSI	PIONEER POWER	20,000	$161K	0.0%	—	—	COM	723836300
—	PSYCHEMEDICS CORP	11,700	$155K	0.0%	—	—	COM	744375205
—	VERTEX ENERGY	50,300	$152K	0.0%	—	—	COM	92534K107
—	WASHINGTON BANKING	10,500	$148K	0.0%	—	—	COM	937303105
—	SPARTAN MOTORS	23,600	$143K	0.0%	—	—	COM	846819100
—	EMAGIN COEP	47,110	$142K	0.0%	—	—	COM	29076N206
—	MEDLEY CAPITAL CORP	10,000	$138K	0.0%	—	—	COM	58503F106
—	AMERICAN APPAREL	65,000	$85,000	0.0%	—	—	COM	023850100
—	WAL-MART DE MEXICO	10,520	$28,000	0.0%	—	—	COM	P98180105