Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INPHI CORP	362,900	$5.219M	6.5%	$11.05	—	COM	45772F107
CALX	CALIX INC.	471,686	$4.514M	5.6%	$9.31	-0.2%	COM	13100M509
—	TREE.COM INC	115,800	$4.156M	5.2%	$18.93	—	COM	894675107
—	OPLINK COMMUNICATIONS	206,400	$3.472M	4.3%	$17.38	—	COM	68375Q106
—	WEB.COM GROUP INC	172,201	$3.437M	4.3%	$23.06	—	COM	94733A104
—	SHORTEL INC	511,800	$3.403M	4.2%	$5.77	—	COM	825211105
—	ENVENTIS CORP	167,789	$3.05M	3.8%	$12.26	—	COM	429060106
—	CYAN INC.	914,600	$2.854M	3.6%	$4.49	—	COM	23247W104
—	CONSTANT CONTACT INC	103,055	$2.797M	3.5%	$20.77	—	COM	210313102
—	PROCERA NETWORKS INC	288,500	$2.764M	3.4%	$10.31	—	COM	74269U203
—	ABSOLUTE SOFTWARE CORPORATION	450,700	$2.749M	3.4%	$6.50	—	COM	00386B109
KTOS	KRATOS DEFENSE & SECURITY SOLU	405,738	$2.662M	3.3%	$7.69	-3.4%	COM	50077B207
—	CALLIDUS SOFTWARE	212,800	$2.558M	3.2%	$9.11	—	COM	13123E500
—	EXAR CORP	259,400	$2.322M	2.9%	$11.95	—	COM	300645108
—	HYDROGENICS CORP.	131,279	$2.209M	2.8%	$22.95	—	COM	448883108
—	INTER-NAP NETWORK	312,492	$2.156M	2.7%	$8.18	—	COM	45885A300
—	UNWIRED PLANET INC	1,124,300	$2.091M	2.6%	$1.93	—	COM	683718308
—	VIRTUSA CORP	58,428	$2.078M	2.6%	$34.25	—	COM	92827P102
—	MANDALAY DIGITAL GROUP INC	436,400	$1.999M	2.5%	$4.32	—	COM	562562207
—	MATTERSIGHT CORPORATION	388,427	$1.975M	2.5%	$3.41	—	COM	577097108
—	NANOMETRICS INC	123,900	$1.871M	2.3%	$14.67	—	COM	630077105
—	NQ MOBILE INC	257,158	$1.792M	2.2%	$8.05	—	COM	64118U108
—	GSE SYSTEMS INC	1,120,892	$1.749M	2.2%	$1.51	—	COM	36227K106
—	VIOLIN MEMORY INC	335,438	$1.634M	2.0%	$4.57	—	COM	92763A101
—	POWER SOLUTIONS INT'L	23,136	$1.596M	2.0%	$68.98	—	COM	74437C101
—	TECHTARGET INC	174,839	$1.502M	1.9%	$7.63	—	COM	87874R100
—	LRAD CORP.	531,300	$1.44M	1.8%	$2.12	—	COM	50213V109
—	INTEVAC INC	192,976	$1.287M	1.6%	$5.68	—	COM	461148108
—	02 MICRO INTERNATIONAL	462,550	$1.23M	1.5%	$2.85	—	ADR	67107W100
—	ALLOT COMMUNICATIONS, LTD.	97,485	$1.113M	1.4%	$12.95	—	COM	IL0010996
RNG	RINGCENTRAL INC	85,300	$1.084M	1.4%	$14.95	-7.9%	COM	76680R206
—	INCONTACT INC	122,100	$1.062M	1.3%	$8.22	—	COM	45336E109
—	VOXX INTERNATIONAL CORP	108,400	$1.008M	1.3%	$9.41	—	COM	91829F104
—	AMERICAN ELECTRIC TECH	68,000	$504K	0.6%	$7.41	—	COM	025576109
—	ZBB ENERGY CORP	850,000	$476K	0.6%	$0.56	—	COM	98876R303
—	SIZMEK INC	59,000	$457K	0.6%	$8.41	—	COM	83013P105
—	SCIQUEST INC	28,500	$429K	0.5%	$15.05	—	COM	80908T101
—	PLANET PAYMENT INC	146,420	$287K	0.4%	$2.26	—	COM	Y72603118
—	XG TECHNOLOGY	116,486	$228K	0.3%	$2.01	—	COM	98372A309
—	VERTEX ENERGY - PIPE	35,508	$222K	0.3%	$7.93	—	COM	92534K107
—	ZENITH EPIGENETICS	300,500	$144K	0.2%	$0.49	—	PRIVATE	000000000
—	BANKRATE INC	10,600	$120K	0.1%	$17.13	—	COM	06647F102
—	INFORMATICA CORP	3,400	$116K	0.1%	$36.39	—	COM	45666Q102
—	ELOYALTY CORP. SERIES B CONV PF	22,475	$115K	0.1%	$5.12	—	CVPF	290152990
—	BARRACUDA NETWORKS, INC.	4,350	$112K	0.1%	$25.75	—	COM	068323104
NOW	SERVICENOW INC	1,300	$76,000	0.1%	$9.98	+18.2%	COM	81762P102
—	MODEL N INC	7,000	$69,000	0.1%	$9.86	—	COM	607525102
—	ZENITH EPIGENETICS WTS 6/14/1	152,750	$35,000	0.0%	$0.23	—	WNT	989353115
—	AMERICAN SUPERCONDUCTOR	3,482	$5,000	0.0%	$1.44	—	COM	030111108
—	OCZ TECHNOLOGY WTS EXP 11/01/1	267,749	$0	0.0%	—	—	WNT	6709949R5
—	RESVERLOGIX CORP WTS 06/14/16	152,750	$0	0.0%	—	—	WNT	76128M165