Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S & P 500 INDEX DEP	289,870	$53.54M	13.3%	—	—	COM	78462F103
IWM	ISHARES RUSSELL 2000	136,500	$15.75M	3.9%	—	—	COM	464287655
UPS	UNITED PARCEL SERVICE	102,718	$10.79M	2.7%	—	—	COM	911312106
PEP	PEPSICO	80,136	$6.647M	1.7%	—	—	COM	713448108
—	CALLIDUS SOFTWARE	469,868	$6.451M	1.6%	—	—	COM	13123E500
AAPL	APPLE	11,315	$6.348M	1.6%	—	—	COM	037833100
DIS	DISNEY, WALT	81,305	$6.212M	1.5%	—	—	COM	254687106
MMM	3 M COMPANY	44,200	$6.199M	1.5%	—	—	COM	88579Y101
—	PRAXAIR	45,495	$5.916M	1.5%	—	—	COM	74005P104
AXP	AMERICAN EXPRESS	64,195	$5.824M	1.4%	—	—	COM	025816109
—	DENTSPLY INTL	117,744	$5.708M	1.4%	—	—	COM	249030107
CSX	CSX	197,485	$5.682M	1.4%	—	—	COM	126408103
QCOM	QUALCOMM	76,296	$5.665M	1.4%	—	—	COM	747525103
CVX	CHEVRON	44,445	$5.552M	1.4%	—	—	COM	166764100
—	DU PONT	85,009	$5.523M	1.4%	—	—	COM	263534109
MRK	MERCK	108,998	$5.455M	1.4%	—	—	COM	58933Y105
XOM	EXXON MOBIL	53,635	$5.428M	1.3%	—	—	COM	30231G102
—	EATON	71,240	$5.423M	1.3%	—	—	COM	278058102
WMB	WILLIAMS COMPANIES	139,173	$5.368M	1.3%	—	—	COM	969457100
NKE	NIKE CL B	65,385	$5.142M	1.3%	—	—	COM	654106103
ABT	ABBOTT LABS	130,941	$5.019M	1.2%	—	—	COM	002824100
PSA	PUBLIC STORAGE	32,590	$4.905M	1.2%	—	—	COM	74460D109
—	SCRIPPS NETWORK	56,370	$4.871M	1.2%	—	—	COM	811065101
—	UNITED TECHNOLOGIES	42,619	$4.85M	1.2%	—	—	COM	913017109
PFE	PFIZER	157,197	$4.815M	1.2%	—	—	COM	717081103
SLB	SCHLUMBERGER	53,244	$4.798M	1.2%	—	—	COM	806857108
MTB	M & T BANK	40,375	$4.7M	1.2%	—	—	COM	55261F104
—	ABBVIE	88,016	$4.648M	1.2%	—	—	COM	00287V109
WFC	WELLS FARGO	97,726	$4.437M	1.1%	—	—	COM	949746101
ATRO	ASTRONICS	85,322	$4.351M	1.1%	—	—	COM	046433108
JPM	J P MORGAN CHASE	72,542	$4.242M	1.1%	—	—	COM	46625H100
—	POWERSECURE INTL	243,291	$4.177M	1.0%	—	—	COM	73936N105
—	LIVEPERSON	272,796	$4.043M	1.0%	—	—	COM	538146101
SNA	SNAP-ON	36,520	$4M	1.0%	—	—	COM	833034101
VZ	VERIZON	81,345	$3.997M	1.0%	—	—	COM	92343V104
—	NORDSTROM	63,515	$3.925M	1.0%	—	—	COM	655664100
—	CHUBB	39,460	$3.813M	0.9%	—	—	COM	171232101
LOW	LOWES COS.	76,898	$3.81M	0.9%	—	—	COM	548661107
TYL	TYLER TECHNOLOGIES	37,069	$3.786M	0.9%	—	—	COM	902252105
CSCO	CISCO SYSTEMS	168,310	$3.775M	0.9%	—	—	COM	17275R102
—	A T & T NEW	105,049	$3.694M	0.9%	—	—	COM	001957505
ADBE	ADOBE SYSTEMS	57,080	$3.418M	0.8%	—	—	COM	00724F101
IBM	IBM	17,987	$3.374M	0.8%	—	—	COM	459200101
COP	CONOCO/PHILLIPS	47,573	$3.361M	0.8%	—	—	COM	20825C104
MSFT	MICROSOFT	88,624	$3.315M	0.8%	—	—	COM	594918104
AME	AMETEK	61,790	$3.254M	0.8%	—	—	COM	031100100
SYY	SYSCO CORP	89,978	$3.248M	0.8%	—	—	COM	871829107
EFA	ISHARES MSCI EAFE	48,255	$3.237M	0.8%	—	—	COM	464287465
DWM	WISDOM TREE DEFA	59,364	$3.233M	0.8%	—	—	COM	97717W703
COST	COSTCO WHOLESALE	27,070	$3.222M	0.8%	—	—	COM	22160K105
VWO	VANGUARD MSCI EMER	77,665	$3.195M	0.8%	—	—	COM	922042858
SYK	STRYKER CORP	41,530	$3.121M	0.8%	—	—	COM	863667101
—	SHUTTERFLY	59,804	$3.046M	0.8%	—	—	COM	82568P304
—	ENERGEN	42,257	$2.99M	0.7%	—	—	COM	292655108
—	MERIDIAN BIOSCIENCE	109,440	$2.903M	0.7%	—	—	COM	589584101
AORT	CRYOLIFE	257,156	$2.852M	0.7%	—	—	COM	228903100
—	NUTRISYSTEM, INC.	167,520	$2.754M	0.7%	—	—	COM	67069D108
ADP	AUTOMATIC DATA	33,298	$2.69M	0.7%	—	—	COM	053015103
IRBTQ	IROBOT CORP	74,461	$2.589M	0.6%	—	—	COM	462726100
BDX	BECTON DICKINSON	23,117	$2.554M	0.6%	—	—	COM	075887109
CL	COLGATE	39,135	$2.552M	0.6%	—	—	COM	194162103
ACN	ACCENTURE	30,000	$2.467M	0.6%	—	—	COM	G1151C101
CDP	CORPORATE OFFICE	102,795	$2.435M	0.6%	—	—	COM	22002T108
CAT	CATERPILLAR	26,510	$2.407M	0.6%	—	—	COM	149123101
MGRC	MCGRATH RENTCORP	58,493	$2.328M	0.6%	—	—	COM	580589109
NVEC	NVE	39,861	$2.323M	0.6%	—	—	COM	629445206
—	CANTEL MEDICAL	66,621	$2.259M	0.6%	—	—	COM	138098108
IMAX	IMAX CORP	76,194	$2.246M	0.6%	—	—	COM	45245E109
PG	PROCTOR & GAMBLE	27,075	$2.204M	0.5%	—	—	COM	742718109
—	II-VI, INC	117,402	$2.064M	0.5%	—	—	COM	902104108
—	SEACHANGE	167,411	$2.036M	0.5%	—	—	COM	811699107
—	LEAPFROG ENTERPRISES	254,398	$2.02M	0.5%	—	—	COM	52186N106
ITW	ILLINOIS TOOL WORKS	24,000	$2.018M	0.5%	—	—	COM	452308109
—	FUEL SYSTEMS	145,005	$2.011M	0.5%	—	—	COM	35952W103
—	QUALITY SYSTEMS	92,283	$1.943M	0.5%	—	—	COM	747582104
—	PIONEER ENERGY	236,047	$1.891M	0.5%	—	—	COM	723664108
AVAV	AEROVIRONMENT	61,612	$1.795M	0.4%	—	—	COM	008073108
—	NATIONAL PENN BANC	154,127	$1.746M	0.4%	—	—	COM	637138108
LQDT	LIQUIDITY SERVICES	75,984	$1.722M	0.4%	—	—	COM	53635B107
JNJ	JOHNSON & JOHNSON	18,120	$1.66M	0.4%	—	—	COM	478160104
—	EXCO RESOURCES	304,425	$1.615M	0.4%	—	—	COM	269279402
—	TRIANGLE CAPITAL CORP	58,029	$1.605M	0.4%	—	—	COM	895848109
GLPI	GAMING & LEISURE	30,642	$1.557M	0.4%	—	—	COM	36467J108
—	ROSETTA RESOURCES	32,344	$1.554M	0.4%	—	—	COM	777779307
LLY	LILLY, ELI	28,470	$1.452M	0.4%	—	—	COM	532457108
KO	COCA COLA	33,095	$1.367M	0.3%	—	—	COM	191216100
—	WALGREEN	22,695	$1.304M	0.3%	—	—	COM	931422109
VSS	VANGUARD FTSE	12,629	$1.3M	0.3%	—	—	COM	922042718
MCD	McDONALDS	12,175	$1.181M	0.3%	—	—	COM	580135101
DOV	DOVER CORP	11,271	$1.088M	0.3%	—	—	COM	260003108
—	FEDERAL REALTY TRUST	10,414	$1.056M	0.3%	—	—	COM	313747206
KMB	KIMBERLY CLARK	8,309	$868K	0.2%	—	—	COM	494368103
IDXX	IDEXX LABORATORIES	8,000	$851K	0.2%	—	—	COM	45168D104
UNP	UNION PACIFIC	4,965	$834K	0.2%	—	—	COM	907818108
NTRS	NORTHERN TRUST	9,102	$563K	0.1%	—	—	COM	665859104
EEM	ISHARES MSCI EMER	12,800	$535K	0.1%	—	—	COM	464287234
FULT	FULTON FINANCIAL	39,023	$511K	0.1%	—	—	COM	360271100
OXY	OCCIDENTAL PETROL	5,350	$509K	0.1%	—	—	COM	674599105
NVS	NOVARTIS	6,284	$505K	0.1%	—	—	COM	66987V109
PNC	PNC FINANCIAL	5,880	$456K	0.1%	—	—	COM	693475105
PENN	PENN NATL GAMING	30,392	$436K	0.1%	—	—	COM	707569109
—	DEPOMED INC	40,000	$423K	0.1%	—	—	COM	249908104
—	ACETO	16,500	$413K	0.1%	—	—	COM	004446100
BP	B P PLC ADR	7,740	$376K	0.1%	—	—	COM	055622104
—	GENERAL ELECTRIC	13,119	$368K	0.1%	—	—	COM	369604103
BAC	BANK OF AMERICA	23,362	$364K	0.1%	—	—	COM	060505104
—	ANADARKO PETROLEUM	4,400	$349K	0.1%	—	—	COM	032511107
BAX	BAXTER INTL	4,992	$347K	0.1%	—	—	COM	071813109
INTU	INTUIT, INC.	4,300	$328K	0.1%	—	—	COM	461202103
FC	FRANKLIN COVEY CO	15,000	$298K	0.1%	—	—	COM	353469109
FMC	FMC CORP	3,900	$294K	0.1%	—	—	COM	302491303
CACI	CACI INTL	3,900	$286K	0.1%	—	—	COM	127190304
—	DIGITAL GENERATION	22,000	$280K	0.1%	—	—	COM	25400B108
FARM	FARMER BROTHERS	12,000	$279K	0.1%	—	—	COM	307675108
—	FAMOUS DAVE	14,973	$274K	0.1%	—	—	COM	307068106
—	MONSANTO	2,200	$256K	0.1%	—	—	COM	61166W101
—	FEMALE HEALTH CORP	30,000	$255K	0.1%	—	—	COM	314462102
DLN	WISDOM TREE LG CAP	3,765	$251K	0.1%	—	—	COM	97717W307
—	BRYN MAWR BANK	8,134	$245K	0.1%	—	—	COM	117665109
BMY	BRISTOL-MYERS SQUIBB	4,485	$238K	0.1%	—	—	COM	110122108
—	BIG 5 SPORTING GOODS	12,000	$238K	0.1%	—	—	COM	08915P101
CMI	CUMMINS	1,690	$238K	0.1%	—	—	COM	231021106
—	ZEP INC	13,000	$236K	0.1%	—	—	COM	98944B108
—	MONMOUTH REAL ESTATE	25,700	$234K	0.1%	—	—	COM	609720107
—	ODYSSEY MARINE	115,000	$232K	0.1%	—	—	COM	676116102
—	DUKE ENERGY	3,262	$225K	0.1%	—	—	COM	264399106
MDY	SPDR MID CAP	920	$225K	0.1%	—	—	ETF	78467Y107
—	ROCKY MT CHOCOLATE	19,200	$223K	0.1%	—	—	COM	774678403
—	FIVE STAR QUALITY	40,000	$220K	0.1%	—	—	COM	33832D106
—	PANHANDLE OIL & GAS	6,553	$219K	0.1%	—	—	COM	698477106
—	PRGX GLOBAL	31,000	$208K	0.1%	—	—	COM	69357C503
PPSI	PIONEER POWER	20,000	$206K	0.1%	—	—	COM	723836300
—	ID SYSTEMS	35,408	$205K	0.1%	—	—	COM	449489103
SLP	SIMULATION PLUS	39,457	$199K	0.0%	—	—	COM	829214105
CCNE	CNB FINANCIAL	10,300	$196K	0.0%	—	—	COM	126128107
—	AMREIT	11,530	$194K	0.0%	—	—	COM	03216B208
—	ACTUATE CORP	25,000	$193K	0.0%	—	—	COM	00508B102
—	WARREN RESOURCES	60,000	$188K	0.0%	—	—	COM	93564A100
—	CHEROKEE INC	13,308	$184K	0.0%	—	—	COM	16444H102
FCBC	FIRST COMMUNITY	10,600	$177K	0.0%	—	—	COM	31983A103
—	VERTEX ENERGY	50,300	$169K	0.0%	—	—	COM	92534K107
—	SPARTAN MOTORS	23,600	$158K	0.0%	—	—	COM	846819100
—	PSYCHEMEDICS CORP	10,700	$157K	0.0%	—	—	COM	744375205
—	EMAGIN COEP	52,110	$147K	0.0%	—	—	COM	29076N206
—	MEDLEY CAPITAL CORP	10,000	$139K	0.0%	—	—	COM	58503F106
—	AMERICAN APPAREL	100,000	$123K	0.0%	—	—	COM	023850100
—	ORBCOMM INC	15,000	$95,000	0.0%	—	—	COM	68555P100
—	EXCO RESOURCES RTS	304,425	$49,000	0.0%	—	—	RIGHT	269279139
—	WAL-MART DE MEXICO	10,520	$28,000	0.0%	—	—	COM	P98180105