Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	S & P 500 INDEX DEP	289,870	$54.21M	13.1%	—	—	COM	78462F103
IWM	ISHARES RUSSELL 2000	136,500	$15.88M	3.8%	—	—	COM	464287655
UPS	UNITED PARCEL SERVICE	107,993	$10.52M	2.5%	—	—	COM	911312106
PEP	PEPSICO	83,441	$6.967M	1.7%	—	—	COM	713448108
DIS	DISNEY, WALT	84,310	$6.751M	1.6%	—	—	COM	254687106
AAPL	APPLE	12,482	$6.7M	1.6%	—	—	COM	037833100
QCOM	QUALCOMM	82,376	$6.496M	1.6%	—	—	COM	747525103
MRK	MERCK	107,165	$6.084M	1.5%	—	—	COM	58933Y105
—	DU PONT	89,404	$5.999M	1.5%	—	—	COM	263534109
—	DENTSPLY INTL	128,554	$5.919M	1.4%	—	—	COM	249030107
WMB	WILLIAMS COMPANIES	144,068	$5.846M	1.4%	—	—	COM	969457100
CSX	CSX	201,260	$5.831M	1.4%	—	—	COM	126408103
MMM	3 M COMPANY	42,205	$5.726M	1.4%	—	—	COM	88579Y101
—	EATON	72,775	$5.467M	1.3%	—	—	COM	278058102
CVX	CHEVRON	45,800	$5.446M	1.3%	—	—	COM	166764100
SLB	SCHLUMBERGER	55,684	$5.429M	1.3%	—	—	COM	806857108
PFE	PFIZER	164,317	$5.278M	1.3%	—	—	COM	717081103
WFC	WELLS FARGO	104,961	$5.221M	1.3%	—	—	COM	949746101
XOM	EXXON MOBIL	53,319	$5.208M	1.3%	—	—	COM	30231G102
—	UNITED TECHNOLOGIES	44,524	$5.202M	1.3%	—	—	COM	913017109
NKE	NIKE CL B	70,270	$5.19M	1.3%	—	—	COM	654106103
PNC	PNC FINANCIAL	59,358	$5.164M	1.2%	—	—	COM	693475105
ABT	ABBOTT LABS	131,791	$5.075M	1.2%	—	—	COM	002824100
MTB	M & T BANK	41,505	$5.035M	1.2%	—	—	COM	55261F104
PSA	PUBLIC STORAGE	29,757	$5.014M	1.2%	—	—	COM	74460D109
—	PRAXAIR	37,585	$4.923M	1.2%	—	—	COM	74005P104
JPM	J P MORGAN CHASE	80,447	$4.884M	1.2%	—	—	COM	46625H100
—	POWERSECURE INTL	206,711	$4.845M	1.2%	—	—	COM	73936N105
—	CALLIDUS SOFTWARE	382,196	$4.785M	1.2%	—	—	COM	13123E500
—	ABBVIE	88,191	$4.533M	1.1%	—	—	COM	00287V109
—	SCRIPPS NETWORK	57,770	$4.385M	1.1%	—	—	COM	811065101
SNA	SNAP-ON	36,895	$4.187M	1.0%	—	—	COM	833034101
MSFT	MICROSOFT	101,459	$4.159M	1.0%	—	—	COM	594918104
LOW	LOWES COS.	84,073	$4.111M	1.0%	—	—	COM	548661107
—	NORDSTROM	65,420	$4.085M	1.0%	—	—	COM	655664100
VZ	VERIZON	84,911	$4.039M	1.0%	—	—	COM	92343V104
ATRO	ASTRONICS	63,044	$3.998M	1.0%	—	—	COM	046433108
CSCO	CISCO SYSTEMS	175,775	$3.94M	1.0%	—	—	COM	17275R102
—	ENERGEN	46,262	$3.738M	0.9%	—	—	COM	292655108
IBM	IBM	19,172	$3.69M	0.9%	—	—	COM	459200101
—	CHUBB	41,180	$3.677M	0.9%	—	—	COM	171232101
—	A T & T NEW	101,499	$3.56M	0.9%	—	—	COM	001957505
AXP	AMERICAN EXPRESS	39,250	$3.534M	0.9%	—	—	COM	025816109
COP	CONOCO/PHILLIPS	48,703	$3.426M	0.8%	—	—	COM	20825C104
ADBE	ADOBE SYSTEMS	51,975	$3.417M	0.8%	—	—	COM	00724F101
SYK	STRYKER CORP	41,925	$3.416M	0.8%	—	—	COM	863667101
AME	AMETEK	65,065	$3.35M	0.8%	—	—	COM	031100100
COST	COSTCO WHOLESALE	29,635	$3.31M	0.8%	—	—	COM	22160K105
—	LIVEPERSON	271,002	$3.271M	0.8%	—	—	COM	538146101
DWM	WISDOM TREE DEFA	59,364	$3.245M	0.8%	—	—	COM	97717W703
EFA	ISHARES MSCI EAFE	48,255	$3.243M	0.8%	—	—	COM	464287465
TYL	TYLER TECHNOLOGIES	38,577	$3.228M	0.8%	—	—	COM	902252105
VWO	VANGUARD MSCI EMER	78,515	$3.186M	0.8%	—	—	COM	922042858
SYY	SYSCO CORP	87,968	$3.178M	0.8%	—	—	COM	871829107
CMI	CUMMINS	20,290	$3.023M	0.7%	—	—	COM	231021106
IRBTQ	IROBOT CORP	73,378	$3.012M	0.7%	—	—	COM	462726100
BDX	BECTON DICKINSON	24,502	$2.869M	0.7%	—	—	COM	075887109
CAT	CATERPILLAR	27,470	$2.73M	0.7%	—	—	COM	149123101
CDP	CORPORATE OFFICE	101,543	$2.705M	0.7%	—	—	COM	22002T108
CL	COLGATE	40,155	$2.605M	0.6%	—	—	COM	194162103
ADP	AUTOMATIC DATA	33,568	$2.593M	0.6%	—	—	COM	053015103
—	SHUTTERFLY	59,332	$2.532M	0.6%	—	—	COM	82568P304
AORT	CRYOLIFE	252,442	$2.514M	0.6%	—	—	COM	228903100
—	NUTRISYSTEM, INC.	166,661	$2.512M	0.6%	—	—	COM	67069D108
AVAV	AEROVIRONMENT	60,773	$2.446M	0.6%	—	—	COM	008073108
—	LEAPFROG ENTERPRISES	319,767	$2.398M	0.6%	—	—	COM	52186N106
ACN	ACCENTURE	30,000	$2.392M	0.6%	—	—	COM	G1151C101
—	MERIDIAN BIOSCIENCE	108,706	$2.369M	0.6%	—	—	COM	589584101
NVEC	NVE	39,640	$2.261M	0.5%	—	—	COM	629445206
—	II-VI, INC	145,848	$2.25M	0.5%	—	—	COM	902104108
—	CANTEL MEDICAL	66,321	$2.236M	0.5%	—	—	COM	138098108
—	TRIANGLE CAPITAL CORP	86,199	$2.232M	0.5%	—	—	COM	895848109
—	EXCO RESOURCES	398,354	$2.231M	0.5%	—	—	COM	269279402
PG	PROCTOR & GAMBLE	27,400	$2.208M	0.5%	—	—	COM	742718109
LLY	LILLY, ELI	36,130	$2.127M	0.5%	—	—	COM	532457108
IMAX	IMAX CORP	75,689	$2.069M	0.5%	—	—	COM	45245E109
—	PIONEER ENERGY	157,290	$2.037M	0.5%	—	—	COM	723664108
MGRC	MCGRATH RENTCORP	57,897	$2.024M	0.5%	—	—	COM	580589109
LQDT	LIQUIDITY SERVICES	75,294	$1.961M	0.5%	—	—	COM	53635B107
ITW	ILLINOIS TOOL WORKS	24,000	$1.952M	0.5%	—	—	COM	452308109
—	SEACHANGE	166,232	$1.735M	0.4%	—	—	COM	811699107
—	FUEL SYSTEMS	151,317	$1.628M	0.4%	—	—	COM	35952W103
JNJ	JOHNSON & JOHNSON	16,510	$1.622M	0.4%	—	—	COM	478160104
—	NATIONAL PENN BANC	152,298	$1.592M	0.4%	—	—	COM	637138108
—	QUALITY SYSTEMS	91,502	$1.545M	0.4%	—	—	COM	747582104
—	ROSETTA RESOURCES	32,157	$1.498M	0.4%	—	—	COM	777779307
VSS	VANGUARD FTSE	12,629	$1.35M	0.3%	—	—	COM	922042718
GLPI	GAMING & LEISURE	36,412	$1.328M	0.3%	—	—	COM	36467J108
—	WALGREEN	19,920	$1.315M	0.3%	—	—	COM	931422109
—	FEDERAL REALTY TRUST	10,414	$1.195M	0.3%	—	—	COM	313747206
MCD	McDONALDS	12,015	$1.178M	0.3%	—	—	COM	580135101
KMB	KIMBERLY CLARK	8,759	$966K	0.2%	—	—	COM	494368103
DOV	DOVER CORP	11,271	$921K	0.2%	—	—	COM	260003108
UNP	UNION PACIFIC	4,765	$894K	0.2%	—	—	COM	907818108
IDXX	IDEXX LABORATORIES	6,000	$728K	0.2%	—	—	COM	45168D104
NTRS	NORTHERN TRUST	9,102	$597K	0.1%	—	—	COM	665859104
NVS	NOVARTIS	6,284	$534K	0.1%	—	—	COM	66987V109
EEM	ISHARES MSCI EMER	12,800	$525K	0.1%	—	—	COM	464287234
OXY	OCCIDENTAL PETROL	5,350	$510K	0.1%	—	—	COM	674599105
FULT	FULTON FINANCIAL	39,023	$491K	0.1%	—	—	COM	360271100
BAC	BANK OF AMERICA	23,362	$402K	0.1%	—	—	COM	060505104
—	FEMALE HEALTH CORP	50,500	$392K	0.1%	—	—	COM	314462102
—	GENERAL ELECTRIC	14,619	$378K	0.1%	—	—	COM	369604103
PENN	PENN NATL GAMING	30,242	$373K	0.1%	—	—	COM	707569109
BP	B P PLC ADR	7,740	$372K	0.1%	—	—	COM	055622104
BAX	BAXTER INTL	4,992	$367K	0.1%	—	—	COM	071813109
—	ANADARKO PETROLEUM	4,100	$348K	0.1%	—	—	COM	032511107
—	ACETO	16,500	$331K	0.1%	—	—	COM	004446100
—	VERTEX ENERGY	50,300	$324K	0.1%	—	—	COM	92534K107
FMC	FMC CORP	3,900	$299K	0.1%	—	—	COM	302491303
FC	FRANKLIN COVEY CO	15,000	$297K	0.1%	—	—	COM	353469109
INTU	INTUIT, INC.	3,800	$295K	0.1%	—	—	COM	461202103
—	MONMOUTH REAL ESTATE	30,700	$293K	0.1%	—	—	COM	609720107
—	WARREN RESOURCES	60,000	$288K	0.1%	—	—	COM	93564A100
—	PANHANDLE OIL & GAS	6,553	$286K	0.1%	—	—	COM	698477106
—	FAMOUS DAVE	10,973	$269K	0.1%	—	—	COM	307068106
SLP	SIMULATION PLUS	39,457	$263K	0.1%	—	—	COM	829214105
—	ODYSSEY MARINE	115,000	$263K	0.1%	—	—	COM	676116102
DLN	WISDOM TREE LG CAP	3,765	$255K	0.1%	—	—	COM	97717W307
—	MONSANTO	2,200	$250K	0.1%	—	—	COM	61166W101
KO	COCA COLA	6,300	$244K	0.1%	—	—	COM	191216100
FARM	FARMER BROTHERS	12,000	$236K	0.1%	—	—	COM	307675108
—	SIZMEK, INC.	22,000	$234K	0.1%	—	—	COM	83013P105
BMY	BRISTOL-MYERS SQUIBB	4,485	$233K	0.1%	—	—	COM	110122108
—	DUKE ENERGY	3,262	$232K	0.1%	—	—	COM	264399106
—	BRYN MAWR BANK	8,047	$231K	0.1%	—	—	COM	117665109
MDY	SPDR MID CAP	920	$231K	0.1%	—	—	ETF	78467Y107
—	ZEP INC	13,000	$230K	0.1%	—	—	COM	98944B108
DMRC	DIGIMARC CORP	7,240	$227K	0.1%	—	—	COM	25381B101
—	ROCKY MT CHOCOLATE	19,200	$225K	0.1%	—	—	COM	774678403
—	AMREIT	13,030	$216K	0.1%	—	—	COM	03216B208
—	PRGX GLOBAL	31,000	$215K	0.1%	—	—	COM	69357C503
—	BIG 5 SPORTING GOODS	13,000	$209K	0.1%	—	—	COM	08915P101
UTMD	UTAH MEDICAL PROD.	3,591	$208K	0.1%	—	—	COM	917488108
—	CHEROKEE INC	14,808	$206K	0.0%	—	—	COM	16444H102
IJH	ISHARES S&P MIDCAP	1,475	$203K	0.0%	—	—	COM	464287507
—	ID SYSTEMS	35,408	$201K	0.0%	—	—	COM	449489103
CCNE	CNB FINANCIAL	11,300	$200K	0.0%	—	—	COM	126128107
—	FIVE STAR QUALITY	40,000	$194K	0.0%	—	—	COM	33832D106
—	EINSTEIN NOAH REST	11,500	$189K	0.0%	—	—	COM	28257U104
—	PSYCHEMEDICS CORP	10,700	$183K	0.0%	—	—	COM	744375205
—	ORION ENERGY	23,934	$174K	0.0%	—	—	COM	686275108
PPSI	PIONEER POWER	20,000	$174K	0.0%	—	—	COM	723836300
FCBC	FIRST COMMUNITY	10,600	$173K	0.0%	—	—	COM	31983A103
—	ORBCOMM INC	25,000	$171K	0.0%	—	—	COM	68555P100
—	ACTUATE	25,000	$151K	0.0%	—	—	COM	00508B102
—	EMAGIN COEP	37,910	$96,000	0.0%	—	—	COM	29076N206
—	WAL-MART DE MEXICO	10,520	$25,000	0.0%	—	—	COM	P98180105