Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGX	ARGAN INC.	659,050	$24.58M	4.9%	$17.50	+28.7%	COM	04010E109
—	BLACK DIAMOND INC.	1,863,613	$20.91M	4.2%	$9.44	—	COM	09202G101
—	ELECTRONICS FOR IMAGING, INC.	350,495	$15.84M	3.2%	$29.10	—	COM	286082102
—	IHS INC.	96,491	$13.09M	2.6%	$105.21	—	COM	451734107
—	SVB FINANCIAL GROUP	110,654	$12.9M	2.6%	$83.97	—	COM	78486Q101
CPRT	COPART INC	331,678	$11.93M	2.4%	$4.23	+6.5%	COM	217204106
EFV	ISHARES MSCI EAFE VALUE ETF	182,631	$10.7M	2.1%	$50.08	—	COM	464288877
—	LIFELOCK, INC.	730,064	$10.19M	2.0%	$12.23	—	COM	53224V100
INCY	INCYTE CORP	171,830	$9.698M	1.9%	$21.85	+133.8%	COM	45337C102
—	TASER INT`L INC.	721,460	$9.595M	1.9%	$9.96	—	COM	87651B104
HCSG	HEALTHCARE SERVICES GROUP	320,433	$9.434M	1.9%	$23.05	+28.0%	COM	421906108
—	ADVISORSHARES PERITUS HIGH YIELD ETF	176,503	$9.408M	1.9%	$52.60	—	COM	00768Y503
KMI	KINDER MORGAN HOLDCO LLC	256,300	$9.293M	1.9%	$19.22	-2.1%	COM	49456B101
—	BOTTOMLINE TECHNOLOGIES	306,441	$9.169M	1.8%	$27.48	—	COM	101388106
EFG	ISHARES TR MSCI EAFE GROWTH INDEX FD	126,106	$9.136M	1.8%	$64.33	—	COM	464288885
LGND	LIGAND PHARMACEUTICALS - CL B	141,471	$8.812M	1.8%	$17.99	+125.6%	COM	53220K504
LQDT	LIQUIDITY SERVICES	499,165	$7.867M	1.6%	$25.07	-35.0%	COM	53635B107
—	MEDICINES COMPANY	268,285	$7.796M	1.6%	$31.03	—	COM	584688105
DEM	WISDOM TREE EMERGING MARKETS EQUITY INC.	149,893	$7.77M	1.6%	$49.89	—	COM	97717W315
CSGP	COSTAR GROUP INC	47,085	$7.447M	1.5%	$11.32	+43.2%	COM	22160N109
—	COOPER COMPANIES, INC	53,785	$7.289M	1.5%	$119.04	—	COM	216648402
SPY	SPDR S&P 500 ETF TRUST	36,946	$7.231M	1.5%	$164.25	—	COM	78462F103
—	WAGEWORKS INC.	143,950	$6.94M	1.4%	$34.45	—	COM	930427109
FNV	FRANCO-NEVADA CORP	120,394	$6.903M	1.4%	$36.19	+18.0%	COM	351858105
BCPC	BALCHEM CORP	127,457	$6.827M	1.4%	$41.81	+28.9%	COM	057665200
NTCT	NETSCOUT SYSTEMS, INC.	151,540	$6.719M	1.3%	$38.84	0.0%	COM	64115T104
HTGC	HERCULES TECHNOLOGY GROWTH CAPITAL INC.	404,392	$6.535M	1.3%	$13.02	+12.5%	COM	427096508
—	SPECTRUM PHARMACEUTICALS INC.	770,520	$6.264M	1.3%	$7.92	—	COM	84763A108
—	PROS HOLDINGS INC.	224,000	$5.923M	1.2%	$29.95	—	COM	74346Y103
—	CORE LABORATORIES NV	33,815	$5.649M	1.1%	$153.43	—	COM	N22717107
BRO	BROWN & BROWN INC	182,555	$5.606M	1.1%	$13.98	-3.9%	COM	115236101
—	EATON VANCE MUNICIPAL INCOME	425,470	$5.42M	1.1%	$11.41	—	COM	27826U108
DJCO	DAILY JOURNAL CORP	26,111	$5.397M	1.1%	$111.67	+60.1%	COM	233912104
LKQ	LKQ CORP	201,435	$5.376M	1.1%	$21.42	+15.8%	COM	501889208
—	PIMCO DYNAMIC CREDIT INCOME FUND	221,090	$5.266M	1.1%	$22.62	—	COM	72202D106
—	SHUTTERFLY INC.	121,710	$5.241M	1.1%	$43.06	—	COM	82568P304
MKTX	MARKETAXESS HOLDINGS INC	96,210	$5.201M	1.0%	$38.12	+28.5%	COM	57060D108
—	TUMI HOLDINGS, INC	251,250	$5.058M	1.0%	$20.63	—	COM	89969Q104
—	SILVER WHEATON CORP	187,650	$4.93M	1.0%	$21.73	—	COM	828336107
—	POWERSHARES INS NATL MUN BND	192,982	$4.763M	1.0%	$24.09	—	COM	73936T474
XOM	EXXON MOBIL CORP	46,727	$4.704M	0.9%	$53.69	+15.2%	COM	30231G102
—	MANAGED DURATION INV GRADE	323,539	$4.468M	0.9%	$13.81	—	COM	56165R103
OSUR	ORASURE TECHNOLOGIES INC.	506,200	$4.358M	0.9%	$4.79	+46.4%	COM	68554V108
VSAT	VIASAT INC.	75,150	$4.356M	0.9%	$59.62	+1.3%	COM	92552V100
—	CONCUR TECHNOLOGIES, INC.	45,735	$4.269M	0.9%	$81.38	—	COM	206708109
—	INVENTURE FOODS, INC.	376,397	$4.242M	0.9%	$8.36	—	COM	461212102
—	REMARK MEDIA INC.	552,894	$4.195M	0.8%	$5.22	—	COM	75954W107
BRK/A	BERKSHIRE HATHAWAY A	22	$4.178M	0.8%	$165023.42	+15.0%	COM	084670108
UNP	UNION PACIFIC CORP	41,832	$4.173M	0.8%	$65.92	+13.4%	COM	907818108
FEZ	SPDR EURO STOXX 50 FUND	95,414	$4.129M	0.8%	$43.27	—	COM	78463X202
—	ENVESTNET INC	81,520	$3.988M	0.8%	$24.60	—	COM	29404K106
—	SYNCHRONOSS TECHNOLOGIES INC.	113,150	$3.956M	0.8%	$34.29	—	COM	87157B103
—	LOGMEIN, INC	84,601	$3.944M	0.8%	$46.62	—	COM	54142L109
MOV	MOVADO GROUP INC.	89,700	$3.738M	0.8%	$34.03	+18.6%	COM	624580106
LFUS	LITTELFUSE INC	39,085	$3.633M	0.7%	$70.35	+30.2%	COM	537008104
IFGL	ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF	111,890	$3.595M	0.7%	$32.13	—	COM	464288489
FOXF	FOX FACTORY HOLDING CORP	203,900	$3.587M	0.7%	$17.16	+1.0%	COM	35138V102
—	ABERDEEN GLOBAL INCOME FUND, INC.	289,649	$3.47M	0.7%	$11.70	—	COM	003013109
—	CARBO CERAMICS INC.	21,802	$3.36M	0.7%	$67.45	—	COM	140781105
—	FEI COMPANY	33,350	$3.026M	0.6%	$73.03	—	COM	30241L109
ROP	ROPER INDUSTRIES, INC	20,010	$2.922M	0.6%	$113.55	+14.6%	COM	776696106
—	ANTARES PHARMA INC.	1,088,675	$2.907M	0.6%	$4.03	—	COM	036642106
—	MFS INTERMEDIATE INCOME TRUST	546,724	$2.887M	0.6%	$5.28	—	COM	55273C107
—	GLOBAL X COPPER MINERS ETF	257,214	$2.616M	0.5%	$10.17	—	COM	37950E861
VICR	VICOR CORP	309,300	$2.592M	0.5%	$9.71	-16.4%	COM	925815102
—	BROOKFIELD MORTGAGE OPPORTUNITY INCOME FUND	138,539	$2.438M	0.5%	$17.60	—	COM	112792106
—	MEDIDATA SOLUTIONS INC	56,655	$2.425M	0.5%	$70.02	—	COM	58471A105
—	BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	96,659	$2.422M	0.5%	$24.44	—	COM	11273Q109
PEP	PEPSICO INC	23,942	$2.139M	0.4%	$56.00	+8.8%	COM	713448108
—	BERKSHIRE HATHAWAY B	16,835	$2.131M	0.4%	$111.91	—	COM	084670207
EFA	ISHARES MSCI EAFE INDEX FUND	30,722	$2.1M	0.4%	$64.26	—	COM	464287465
—	CELGENE CORPORATION	24,000	$2.061M	0.4%	$99.50	—	COM	151020104
—	KINDER MORGAN ENERGY PRTNRS	23,300	$1.915M	0.4%	$85.40	—	COM	494550106
—	EATON VANCE NY MUNICIPAL INC.	129,733	$1.868M	0.4%	$12.93	—	COM	27826W104
VXF	VANGUARD EXTENDED MARKET ETF	21,280	$1.867M	0.4%	$73.39	—	COM	922908652
TYL	TYLER TECHNOLOGIES, INC	20,150	$1.838M	0.4%	$64.83	+25.1%	COM	902252105
IVE	ISHARES S&P 500 VALUE ETF	20,311	$1.834M	0.4%	$76.19	—	COM	464287408
IVW	ISHARES S&P 500 GROWTH ETF	15,797	$1.662M	0.3%	$86.16	—	COM	464287309
NAUH	NATIONAL AMERICAN UNIVERSITY HOLDINGS INC.	482,129	$1.438M	0.3%	$3.54	-3.7%	COM	63245Q105
MO	ALTRIA GROUP INC	33,751	$1.416M	0.3%	$16.28	+17.9%	COM	02209S103
—	GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST	122,148	$1.407M	0.3%	$11.52	—	COM	36465E101
—	WISCONSIN ENERGY CORP	28,084	$1.318M	0.3%	$40.98	—	COM	976657106
SWKS	SKYWORKS SOLUTIONS INC	27,600	$1.296M	0.3%	$17.70	+90.4%	COM	83088M102
NSC	NORFOLK SOUTHERN CORP	12,530	$1.291M	0.3%	$57.67	+31.8%	COM	655844108
—	POWERSHARES SENIOR LOAN PORTFOLIO	49,773	$1.238M	0.2%	$24.79	—	COM	73936Q769
GIS	GENERAL MILLS INC	21,910	$1.151M	0.2%	$31.98	+11.9%	COM	370334104
EXPD	EXPEDITORS INTL	22,200	$980K	0.2%	$31.69	+16.6%	COM	302130109
IEF	ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	9,450	$979K	0.2%	$101.76	—	COM	464287440
KO	COCA-COLA CO	22,837	$967K	0.2%	$27.85	+0.9%	COM	191216100
—	CARLYLE GROUP	28,450	$966K	0.2%	$25.61	—	COM	14309L102
—	POPE RESOURCES LTD - LP	13,770	$940K	0.2%	$68.16	—	COM	732857107
—	KINDER MORGAN MANAGEMENT	11,259	$889K	0.2%	$83.45	—	COM	49455U100
IBM	INTERNATIONAL BUSINESS MACHINES CORP	4,841	$878K	0.2%	$118.94	-5.6%	COM	459200101
—	ANADARKO PETROLEUM CORPORATION	7,054	$772K	0.2%	$85.91	—	COM	032511107
—	YORKVILLE HIGH INCOME MLP	41,013	$771K	0.2%	$18.57	—	COM	301505103
—	STERICYCLE INC	6,370	$754K	0.2%	$110.36	—	COM	858912108
—	DU PONT (E.I.) DE NEMOURS	10,811	$707K	0.1%	$52.46	—	COM	263534109
—	SCIQUEST INC	38,750	$685K	0.1%	$25.06	—	COM	80908T101
SYY	SYSCO CORPORATION	17,851	$669K	0.1%	$24.40	+10.2%	COM	871829107
PPG	PPG INDUSTRIES INC	3,171	$666K	0.1%	$59.61	+35.8%	COM	693506107
TEVA	TEVA PHARMACEUTICAL ADR	12,200	$640K	0.1%	$52.87	—	COM	881624209
ALKS	ALKERMES PLC	12,500	$629K	0.1%	$32.55	+41.7%	COM	G01767105
—	MAXIM INTEGRATED	17,100	$578K	0.1%	$27.78	—	COM	57772K101
BMY	BRISTOL-MYERS SQUIBB CO	11,723	$569K	0.1%	$28.67	+16.9%	COM	110122108
MMM	3M CO	3,865	$554K	0.1%	$61.26	+32.3%	COM	88579Y101
—	GENERAL ELECTRIC COMPANY	17,961	$472K	0.1%	$23.17	—	COM	369604103
—	RED HAT INC	8,500	$470K	0.1%	$47.76	—	COM	756577102
UDR	UDR INC.	16,147	$462K	0.1%	$15.84	+12.9%	COM	902653104
AGG	ISHARES CORE U.S. AGGREGATE BOND FUND	3,964	$434K	0.1%	$107.91	—	COM	464287226
MUB	ISHARES S&P NAT AMT-FREE MUN	3,980	$432K	0.1%	$106.15	—	COM	464288414
MDLZ	MONDELEZ INTERNATIONAL INC.	11,490	$432K	0.1%	$23.16	+22.2%	COM	609207105
CVX	CHEVRON CORPORATION	3,270	$427K	0.1%	$71.30	+6.5%	COM	166764100
ADBE	ADOBE SYSTEMS	5,600	$405K	0.1%	$44.30	+45.6%	COM	00724F101
CVS	CVS/CAREMARK CORPORATION	5,000	$377K	0.1%	$41.44	+32.5%	COM	126650100
VZ	VERIZON COMMUNICATIONS INC	6,770	$331K	0.1%	$27.04	-0.9%	COM	92343V104
JNJ	JOHNSON & JOHNSON	3,043	$318K	0.1%	$59.91	+22.1%	COM	478160104
—	CANTEL MEDICAL CORP	8,650	$317K	0.1%	$33.49	—	COM	138098108
T	AT&T	8,770	$310K	0.1%	$11.40	+3.3%	COM	00206R102
—	KELLOGG CO	4,565	$300K	0.1%	$38.95	+7.2%	COM	487836108
—	HEWLETT-PACKARD COMPANY	8,630	$291K	0.1%	$27.93	—	COM	428236103
—	GOOGLE INC. CLASS A	460	$269K	0.1%	$880.43	—	COM	38259P508
—	GOOGLE INC - CL C	460	$265K	0.1%	$576.09	—	COM	38259P706
SNY	SANOFI (ADR)	4,710	$250K	0.1%	$51.49	—	COM	80105N105
—	NUANCE COMMUNICATIONS INC	12,950	$243K	0.0%	$18.40	—	COM	67020Y100
WU	WESTERN UNION	14,035	$243K	0.0%	$17.10	—	COM	959802109
—	EQUINIX INC	1,145	$241K	0.0%	$184.71	—	COM	29444U502
—	EATON VANCE PA MUNICIPAL INC.	19,070	$234K	0.0%	$11.53	—	COM	27826T101
—	SIGMA-ALDRICH CORPORATION	2,300	$233K	0.0%	$80.56	—	COM	826552101
PM	PHILIP MORRIS INTERNATIONAL	2,727	$230K	0.0%	$49.85	-3.2%	COM	718172109
TROW	T ROWE PRICE GROUP INC.	2,693	$227K	0.0%	$50.51	+5.3%	COM	74144T108
—	KRAFT FOODS GROUP INC.	3,690	$221K	0.0%	$56.10	—	COM	50076Q106
PFE	PFIZER INC	7,358	$218K	0.0%	$16.46	+6.6%	COM	717081103
—	LIBERTY PROPERTIES	5,300	$201K	0.0%	$37.92	—	COM	531172104
—	BLACKSTONE GROUP	6,000	$201K	0.0%	$33.50	—	COM	09253U108