Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	BLACK DIAMOND INC.	1,835,613	$24.47M	4.7%	$13.33	$9.39	—	COM	09202G101
AGX	ARGAN INC.	671,250	$18.5M	3.5%	$27.56 *	$17.50	0.0%	COM	04010E109
EFV	ISHARES MSCI EAFE VALUE ETF	267,484	$15.3M	2.9%	$57.20	$50.08	—	COM	464288877
EFG	ISHARES TR MSCI EAFE GROWTH N	211,187	$15.1M	2.9%	$71.48	$64.33	—	COM	464288885
—	ELECTRONICS FOR IMAGING, INC	352,400	$13.65M	2.6%	$38.73	$28.90	—	COM	286082102
—	LIFELOCK, INC.	827,199	$13.57M	2.6%	$16.41	$12.23	—	COM	53224V100
—	IHS INC.	108,211	$12.95M	2.5%	$119.70	$105.21	—	COM	451734107
—	TASER INT`L INC.	807,850	$12.83M	2.4%	$15.88	$9.96	—	COM	87651B104
—	SVB FINANCIAL GROUP	121,556	$12.75M	2.4%	$104.86	$83.32	—	COM	78486Q101
CPRT	COPART INC	331,388	$12.14M	2.3%	$36.65 *	$4.23	-0.9%	COM	217204106
HCSG	HEALTHCARE SERVICES GROUP	418,543	$11.87M	2.3%	$28.37 *	$23.05	+18.8%	COM	421906108
INCY	INCYTE CORP	229,160	$11.6M	2.2%	$50.63 *	$21.85	+99.1%	COM	45337C102
LGND	LIGAND PHARMACEUTICALS - CL	215,223	$11.32M	2.2%	$52.60 *	$17.99	+81.2%	COM	53220K504
—	WAGEWORKS INC.	181,100	$10.77M	2.1%	$59.44	$34.45	—	COM	930427109
DEM	WISDOM TREE EMERGING MARKETS E	205,363	$10.48M	2.0%	$51.03	$49.60	—	COM	97717W315
NMFC	NEW MOUNTAIN FINANCE CORP	672,770	$10.12M	1.9%	$15.04 *	$3.91	+4.1%	COM	647551100
LKQ	LKQ CORP	301,780	$9.929M	1.9%	$32.90 *	$21.42	+36.8%	COM	501889208
CSGP	COSTAR GROUP INC	50,180	$9.262M	1.8%	$184.58 *	$11.32	+56.3%	COM	22160N109
—	SEACHANGE INT`L INC.	752,850	$9.155M	1.7%	$12.16	$11.71	—	COM	811699107
—	PROS HOLDINGS INC.	228,300	$9.109M	1.7%	$39.90	$29.95	—	COM	74346Y103
—	SANTARUS INC.	265,600	$8.489M	1.6%	$31.96	$21.05	—	COM	802817304
SPY	SPDR S&P 500 ETF TRUST	45,698	$8.44M	1.6%	$184.69	$164.25	—	COM	78462F103
MKTX	MARKETAXESS HOLDINGS INC	125,270	$8.384M	1.6%	$66.93 *	$38.12	+53.8%	COM	57060D108
BCPC	BALCHEM CORP	132,722	$7.791M	1.5%	$58.70 *	$41.81	+26.4%	COM	057665200
HTGC	HERCULES TECHNOLOGY GROWTH C P	471,644	$7.735M	1.5%	$16.40	$13.02	+24.0%	COM	427096508
—	YORKVILLE HIGH INCOME MLP	413,911	$7.633M	1.5%	$18.44	$18.57	—	COM	301505103
—	COOPER COMPANIES, INC	60,685	$7.515M	1.4%	$123.84	$119.04	—	COM	216648402
DORM	DORMAN PRODUCTS INC.	127,964	$7.171M	1.4%	$56.04 *	$41.59	+20.8%	COM	258278100
VXF	VANGUARD EXTENDED MARKET ETF	83,623	$6.916M	1.3%	$82.70	$71.16	—	COM	922908652
—	STAMPS.COM INC.	160,000	$6.736M	1.3%	$42.10	$39.39	—	COM	852857200
—	BOTTOMLINE TECHNOLOGIES	182,685	$6.606M	1.3%	$36.16	$25.29	—	COM	101388106
BRO	BROWN & BROWN INC	194,420	$6.103M	1.2%	$31.39 *	$13.98	+0.8%	COM	115236101
—	CORE LABORATORIES NV	31,590	$6.032M	1.1%	$190.95	$151.67	—	COM	N22717107
—	INVENTURE FOODS, INC.	417,291	$5.533M	1.1%	$13.26	$8.36	—	COM	461212102
LQDT	LIQUIDITY SERVICES	236,135	$5.351M	1.0%	$22.66 *	$34.41	-26.9%	COM	53635B107
—	ENVESTNET INC	124,850	$5.031M	1.0%	$40.30	$24.60	—	COM	29404K106
DJCO	DAILY JOURNAL CORP	26,111	$5.009M	1.0%	$191.83 *	$111.67	+33.0%	COM	233912104
—	CONCUR TECHNOLOGIES, INC.	46,530	$4.801M	0.9%	$103.18	$81.38	—	COM	206708109
—	TUMI HOLDINGS, INC	210,500	$4.747M	0.9%	$22.55	$20.73	—	COM	89969Q104
XOM	EXXON MOBIL CORP	46,727	$4.729M	0.9%	$101.20 *	$53.69	+4.2%	COM	30231G102
—	GLOBAL X FTSE COLOMBIA 20	253,790	$4.606M	0.9%	$18.15	$18.75	—	COM	37950E200
VSAT	VIASAT INC.	71,750	$4.495M	0.9%	$62.65	$59.58	+5.7%	COM	92552V100
—	KINDER MORGAN MANAGEMENT	58,679	$4.44M	0.8%	$75.67	$83.45	—	COM	49455U100
—	ACCELRYS INC	461,200	$4.4M	0.8%	$9.54	$8.87	—	COM	00430U103
FNV	FRANCO-NEVADA CORP	101,074	$4.118M	0.8%	$40.74 *	$35.04	+4.1%	COM	351858105
BRK/A	BERKSHIRE HATHAWAY A	22	$3.914M	0.7%	$177909.09 *	$165023.42	+5.1%	COM	084670108
—	FEI COMPANY	42,800	$3.825M	0.7%	$89.37	$73.03	—	COM	30241L109
—	ANTARES PHARMA INC.	849,150	$3.797M	0.7%	$4.47	$4.41	—	COM	036642106
—	MEDIDATA SOLUTIONS INC	62,300	$3.769M	0.7%	$60.50	$70.02	—	COM	58471A105
OSUR	ORASURE TECHNOLOGIES INC.	588,300	$3.7M	0.7%	$6.29	$4.79	+31.0%	COM	68554V108
LFUS	LITTELFUSE INC	39,660	$3.686M	0.7%	$92.94 *	$70.35	+19.5%	COM	537008104
UNP	UNION PACIFIC CORP	20,916	$3.514M	0.7%	$168.01 *	$57.06	+6.1%	COM	907818108
—	KINDER MORGAN ENERGY PRTNRS	43,400	$3.501M	0.7%	$80.67	$85.40	—	COM	494550106
VICR	VICOR CORP	258,924	$3.475M	0.7%	$13.42 *	$9.84	+1.2%	COM	925815102
MOV	MOVADO GROUP INC.	75,350	$3.316M	0.6%	$44.01	$32.63	+37.3%	COM	624580106
—	CARBO CERAMICS INC.	27,787	$3.238M	0.6%	$116.53	$67.45	—	COM	140781105
IVE	ISHARES S&P 500 VALUE ETF	37,340	$3.191M	0.6%	$85.46	$76.19	—	COM	464287408
AVD	AMERICAN VANGUARD CORPORATIO	123,200	$2.993M	0.6%	$24.29 *	$27.36	-6.9%	COM	030371108
KMI	KINDER MORGAN HOLDCO LLC	77,200	$2.779M	0.5%	$36.00 *	$20.66	-7.8%	COM	49456B101
ROP	ROPER INDUSTRIES, INC	20,010	$2.775M	0.5%	$138.68 *	$113.55	+6.4%	COM	776696106
—	EPIQ SYSTEMS INC	170,950	$2.764M	0.5%	$16.17	$13.47	—	COM	26882D109
EFA	ISHARES MSCI EAFE INDEX FUND	40,808	$2.738M	0.5%	$67.09	$64.26	—	COM	464287465
MUB	ISHARES S&P NAT AMT-FREE MUN	26,245	$2.723M	0.5%	$103.75	$105.05	—	COM	464288414
—	SILVER WHEATON CORP	129,420	$2.613M	0.5%	$20.19	$19.67	—	COM	828336107
—	MEDICINES COMPANY	61,831	$2.388M	0.5%	$38.62	$38.62	—	COM	584688105
GEOS	GEOSPACE TECHNOLOGIES CORP	25,200	$2.385M	0.5%	$94.64 *	$83.42	+10.2%	COM	37364X109
IVW	ISHARES S&P 500 GROWTH ETF	21,256	$2.099M	0.4%	$98.75	$86.16	—	COM	464287309
TYL	TYLER TECHNOLOGIES, INC	20,150	$2.058M	0.4%	$102.13 *	$64.83	+49.8%	COM	902252105
VNQ	VANGUARD REIT ETF	31,679	$2.045M	0.4%	$64.55	$68.71	—	COM	922908553
PEP	PEPSICO INC	24,552	$2.036M	0.4%	$82.93 *	$56.00	+3.1%	COM	713448108
—	BERKSHIRE HATHAWAY B	16,835	$1.996M	0.4%	$118.56	$111.91	—	COM	084670207
NAUH	NATIONAL AMERICAN UNIVERSITY H	582,899	$1.987M	0.4%	$3.41 *	$3.54	+1.3%	COM	63245Q105
—	EATON VANCE MUNICIPAL INCOME	161,171	$1.694M	0.3%	$10.51	$10.51	—	COM	27826U108
—	CELGENE CORPORATION	9,900	$1.673M	0.3%	$168.99	$118.90	—	COM	151020104
GIS	GENERAL MILLS INC	28,374	$1.416M	0.3%	$49.90 *	$31.98	+2.8%	COM	370334104
PPG	PPG INDUSTRIES INC	6,953	$1.319M	0.3%	$189.70 *	$59.61	+22.5%	COM	693506107
—	REMARK MEDIA INC.	282,894	$1.318M	0.3%	$4.66	$2.96	—	COM	75954W107
MO	ALTRIA GROUP INC	33,751	$1.296M	0.2%	$38.40 *	$16.28	+5.3%	COM	02209S103
NSC	NORFOLK SOUTHERN CORP	13,112	$1.217M	0.2%	$92.82 *	$57.67	+13.9%	COM	655844108
SYY	SYSCO CORPORATION	33,304	$1.202M	0.2%	$36.09 *	$24.40	-0.1%	COM	871829107
—	WISCONSIN ENERGY CORP	28,084	$1.161M	0.2%	$41.34	$40.98	—	COM	976657106
—	SCIQUEST INC	38,750	$1.104M	0.2%	$28.49	$25.06	—	COM	80908T101
IBM	INTERNATIONAL BUSINESS MACHI E	5,841	$1.096M	0.2%	$187.64 *	$118.94	-10.5%	COM	459200101
ASML	ASML HOLDING NV - NY REG SHS (	11,502	$1.078M	0.2%	$93.72	$79.12	—	COM	N07059210
—	CARLYLE GROUP	28,450	$1.013M	0.2%	$35.61	$25.61	—	COM	14309L102
—	EATON VANCE NY MUNICIPAL INC	80,997	$1.007M	0.2%	$12.43	$12.43	—	COM	27826W104
EXPD	EXPEDITORS INTL	22,200	$982K	0.2%	$44.23 *	$31.69	+17.5%	COM	302130109
KO	COCA-COLA CO	23,707	$979K	0.2%	$41.30 *	$27.85	-3.3%	COM	191216100
—	POWERSHARES INS NATL MUN BND	41,014	$942K	0.2%	$22.97	$23.91	—	COM	73936T474
SNY	SANOFI (ADR)	17,110	$918K	0.2%	$53.65	$51.49	—	COM	80105N105
—	POPE RESOURCES LTD - LP	12,970	$869K	0.2%	$67.00	$68.16	—	COM	732857107
—	MEASUREMENT SPECIALTIES, INC	13,400	$813K	0.2%	$60.67	$46.57	—	COM	583421102
SWKS	SKYWORKS SOLUTIONS INC	27,600	$788K	0.2%	$28.55 *	$17.70	+18.2%	COM	83088M102
—	STERICYCLE INC	6,370	$740K	0.1%	$116.17	$110.36	—	COM	858912108
—	TILE SHOP HOLDINGS INC	40,450	$731K	0.1%	$18.07	$28.96	—	COM	88677Q109
—	DU PONT (E.I.) DE NEMOURS	10,873	$706K	0.1%	$64.93	$52.46	—	COM	263534109
MMM	3M CO	4,886	$685K	0.1%	$140.20 *	$61.26	+18.6%	COM	88579Y101
BMY	BRISTOL-MYERS SQUIBB CO	11,723	$623K	0.1%	$53.14 *	$28.67	+19.2%	COM	110122108
—	POWERSHARES SENIOR LOAN PORT O	22,885	$569K	0.1%	$24.86	$24.72	—	COM	73936Q769
—	ANADARKO PETROLEUM CORPORATI N	7,054	$560K	0.1%	$79.39	$85.91	—	COM	032511107
—	NUANCE COMMUNICATIONS INC	34,000	$517K	0.1%	$15.21	$18.40	—	COM	67020Y100
—	GOOGLE INC. CLASS A	460	$516K	0.1%	$1121.74	$880.43	—	COM	38259P508
ALKS	ALKERMES PLC	12,700	$516K	0.1%	$40.63 *	$32.55	+13.5%	COM	G01767105
—	GENERAL ELECTRIC COMPANY	18,113	$508K	0.1%	$28.05	$23.17	—	COM	369604103
—	MAXIM INTEGRATED	17,100	$477K	0.1%	$27.89	$27.78	—	COM	57772K101
—	RED HAT INC	8,500	$476K	0.1%	$56.00	$47.76	—	COM	756577102
CVX	CHEVRON CORPORATION	3,270	$408K	0.1%	$124.77 *	$71.30	+1.7%	COM	166764100
MDLZ	MONDELEZ INTERNATIONAL INC.	11,490	$406K	0.1%	$35.34 *	$23.16	+10.2%	COM	609207105
UDR	UDR INC.	16,147	$377K	0.1%	$23.35 *	$15.84	-1.5%	COM	902653104
SPSC	SPS COMMERCE INC	5,500	$359K	0.1%	$65.27 *	$24.15	+40.8%	COM	78463M107
CVS	CVS/CAREMARK CORPORATION	5,000	$358K	0.1%	$71.60 *	$41.44	+11.8%	COM	126650100
—	SIGMA-ALDRICH CORPORATION	3,600	$338K	0.1%	$93.89	$80.56	—	COM	826552101
ADBE	ADOBE SYSTEMS	5,600	$335K	0.1%	$59.82 *	$44.30	+24.7%	COM	00724F101
VZ	VERIZON COMMUNICATIONS INC	6,770	$333K	0.1%	$49.19 *	$27.04	-1.6%	COM	92343V104
—	CVR PARTNERS LP	20,000	$329K	0.1%	$16.45	$22.75	—	COM	126633106
DVY	ISHARES SELECT DIVIDEND ETF	4,498	$321K	0.1%	$71.37	$64.02	—	COM	464287168
T	AT&T	8,770	$308K	0.1%	$35.12 *	$11.40	-2.0%	COM	00206R102
PM	PHILIP MORRIS INTERNATIONAL	3,373	$294K	0.1%	$87.16 *	$49.85	-4.0%	COM	718172109
—	CANTEL MEDICAL CORP	8,650	$293K	0.1%	$33.87	$33.49	—	COM	138098108
—	KELLOGG CO	4,565	$279K	0.1%	$61.12 *	$38.95	-3.0%	COM	487836108
JNJ	JOHNSON & JOHNSON	3,043	$279K	0.1%	$91.69 *	$59.91	+9.8%	COM	478160104
WU	WESTERN UNION	14,035	$242K	0.0%	$17.24	$17.10	—	COM	959802109
—	HEWLETT-PACKARD COMPANY	8,630	$241K	0.0%	$27.93	$27.93	—	COM	428236103
TROW	T ROWE PRICE GROUP INC.	2,693	$226K	0.0%	$83.92 *	$50.51	0.0%	COM	74144T108
PFE	PFIZER INC	7,358	$225K	0.0%	$30.58 *	$16.46	+7.1%	COM	717081103
HAL	HALLIBURTON CO	4,263	$216K	0.0%	$50.67 *	$37.32	+10.6%	COM	406216101
—	EQUINIX INC	1,145	$203K	0.0%	$177.29	$184.71	—	COM	29444U502
—	EATON VANCE PA MUNICIPAL INC	10,083	$112K	0.0%	$11.11	$11.11	—	COM	27826T101