Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	JPMORGAN CHASE & CO	89,816	$6.086M	3.7%	$67.76	$67.76	—	COM	46625h100
SLB	SCHLUMBERGER LTD	53,222	$4.587M	2.8%	$86.19 *	$56.75	+12.8%	COM	806857108
—	PLUM CREEK TIMBER CO INC	111,645	$4.529M	2.7%	$40.57	$44.99	—	COM	729251108
—	JOHNSON CONTROLS INC	88,137	$4.365M	2.6%	$49.53	$37.46	—	COM	478366107
—	NOVARTIS A G SPON ADR F SPONSO	44,370	$4.363M	2.6%	$98.33	$73.10	—	SPOSORED ADR	66987v109
—	EATON CORP PLC	61,525	$4.152M	2.5%	$67.48	$67.48	—	COM	g29183103
AAPL	APPLE INC	32,049	$4.02M	2.4%	$125.43 *	$17.72	+58.2%	COM	037833100
—	GOOGLE INC CL A	7,426	$4.01M	2.4%	$539.99	$547.98	—	COM	38259p508
—	WASTE CONNECTIONS INC	83,466	$3.933M	2.4%	$47.12	$45.77	—	COM	941053100
—	BLACKROCK INC	11,242	$3.89M	2.4%	$346.02	$346.02	—	COM	09247x101
AIG	AMERICAN INTL GROUP INC COM NE	62,825	$3.884M	2.4%	$61.82 *	$38.96	+22.4%	COM NEW	026874784
ADSK	AUTODESK INC DEL PV$0.01	75,850	$3.798M	2.3%	$50.07	$41.14	+21.7%	COM	052769106
CMI	CUMMINS INC COM	27,600	$3.621M	2.2%	$131.20 *	$101.76	-3.3%	COM	231021106
CSCO	CISCO SYSTEMS INC	127,000	$3.487M	2.1%	$27.46 *	$20.55	-3.9%	COM	17275R102
—	THE MOSAIC COMPANY COMMON	74,335	$3.483M	2.1%	$46.86	$46.86	—	COM	61945c103
—	EXXON MOBIL CORP COM	41,493	$3.452M	2.1%	$83.19	$83.19	—	COM	30231g102
—	WEYERHAEUSER CO PRFD C	63,454	$3.3M	2.0%	$52.01	$53.26	—	PREF CONV SER A	962166872
OXY	OCCIDENTAL PETE CORP CAL	42,250	$3.286M	2.0%	$77.78 *	$64.49	-11.8%	COM	674599105
NSRGY	NESTLE S A REP RG SH ADR	44,425	$3.206M	1.9%	$72.17	$76.04	-5.1%	CL B	641069406
—	LIBERTY GLOBAL PLC CL A	57,875	$3.129M	1.9%	$54.06	$53.70	—	SHS CL A	g5480u104
TEVA	TEVA PHARMACTCL INDS ADR	51,450	$3.041M	1.8%	$59.11	$46.57	+26.9%	ADR	881624209
—	VISA INC CL A SHRS	44,766	$3.006M	1.8%	$67.15	$111.40	—	COM CL A	92826c839
WMB	WILLIAMS COMPANIES DEL	51,650	$2.964M	1.8%	$57.39 *	$22.76	+38.7%	COM	969457100
—	ALCOA INC PFD ST	74,950	$2.963M	1.8%	$39.53	$50.03	—	DEP SHS 1/10TH	013817309
—	MERCK AND CO INC SHS	51,850	$2.952M	1.8%	$56.93	$56.93	—	COM	58933y105
—	ASCENA RETAIL GROUP INC	174,900	$2.913M	1.8%	$16.66	$15.73	—	COM	04351g101
—	FLOWSERVE CORP	54,393	$2.864M	1.7%	$52.65	$57.22	—	COM	34354p105
BDX	BECTON DICKINSON CO	19,430	$2.752M	1.7%	$141.64 *	$107.05	+10.1%	COM	075887109
EBAY	EBAY INC COM	37,300	$2.247M	1.4%	$60.24 *	$19.79	+14.0%	COM	278642103
—	KINDER MORGAN INC. (KMI)	56,334	$2.163M	1.3%	$38.40	$40.44	—	COM	49456b101
—	FALCONSTOR SOFTWARE INC	1,319,436	$2.098M	1.3%	$1.59	$1.37	—	COM	306137100
KO	COCA COLA COMPANY	53,316	$2.092M	1.3%	$39.24 *	$29.04	-2.9%	COM	191216100
PNC	PNC FINCL SERVICES GROUP	21,700	$2.076M	1.3%	$95.67 *	$47.61	+43.9%	COM	693475105
—	HCA HOLDINGS INC SHS	21,100	$1.914M	1.2%	$90.71	$75.21	—	COM	40412c101
—	FORTINET INC	46,200	$1.909M	1.2%	$41.32	$24.56	—	COM	34959e109
—	COSTCO WHSL CORP NEW	13,955	$1.885M	1.1%	$135.08	$114.02	—	COM	22160k105
LEN	LENNAR CORP CL A	35,004	$1.787M	1.1%	$51.05 *	$33.76	+30.7%	CL A	526057104
—	GUIDANCE SOFTWARE INC	210,302	$1.781M	1.1%	$8.47	$7.95	—	COM	401692108
—	SEA CHANGE INTL INC	247,468	$1.735M	1.1%	$7.01	$7.07	—	COM	811699107
—	ROYAL DUTCH SHELL PLC SPONS	30,370	$1.731M	1.0%	$57.00	$63.76	—	SPONS ADR A	780259206
RCMT	RCM TECHNOLGIES INC	302,427	$1.712M	1.0%	$5.66	$6.26	-9.6%	COM NEW	749360400
PG	PROCTER & GAMBLE COM NPV	21,314	$1.668M	1.0%	$78.26 *	$55.00	+6.2%	COM	742718109
—	OCI RESOURCES LP	65,171	$1.597M	1.0%	$24.50	$20.14	—	COM UNIT LTD	67081b106
—	ANADARKO PETROLEUM CORPCMN	20,125	$1.571M	1.0%	$78.06	$81.79	—	COM	032511107
CWST	CASELLA WASTE SYS INC CL A	242,773	$1.362M	0.8%	$5.61	$4.31	+30.0%	COM	147448104
NKE	NIKE INC CLASS B	12,430	$1.343M	0.8%	$108.05 *	$30.59	+54.6%	COM	654106103
—	COACH INC CMN	38,650	$1.338M	0.8%	$34.62	$34.62	—	COM	189754104
—	POTASH CORP OF SASKATCHEWAN	43,050	$1.333M	0.8%	$30.96	$34.15	—	COM	73755l107
TGT	TARGET CORP COM STK	16,150	$1.318M	0.8%	$81.61 *	$47.10	+26.9%	COM	87612E106
C	CITIGROUP INC.	22,500	$1.243M	0.8%	$55.24 *	$38.32	+7.5%	COM NEW	172967424
TOL	TOLL BROTHERS INC CMN	32,195	$1.23M	0.7%	$38.20	$33.64	+13.5%	COM	889478103
MSFT	MICROSOFT CORP	23,938	$1.057M	0.6%	$44.16 *	$26.70	+42.9%	COM	594918104
EPD	ENTERPRISE PRDTS PRTN LPL P	33,300	$995K	0.6%	$29.88	$41.90	—	COM	293792107
OMER	OMEROS CORP	53,550	$963K	0.6%	$17.98	$20.54	-12.4%	COM	682143102
—	CHART INDUSTRIES INC.	26,400	$944K	0.6%	$35.76	$56.90	—	COM PAR $0.01	16115q308
—	DISCOVERY COMMUN SER A	27,050	$900K	0.5%	$33.27	$30.75	—	COM SER A	25470f104
—	ACHILLION PHARMACEUTICALS INC	90,700	$804K	0.5%	$8.86	$9.84	—	COM	00448q201
—	AGILENT TECHNOLOGIES INC.CMN	20,300	$783K	0.5%	$38.57	$40.56	—	COM	00846u101
—	DIGITALGLOBE INC.	28,050	$780K	0.5%	$27.81	$29.48	—	COM NEW	25389m877
—	ISTAR FINANCIAL INC	53,000	$706K	0.4%	$13.32	$14.04	—	COM	45031u101
—	APACHE CORP	12,040	$694K	0.4%	$57.64	$79.59	—	COM	037411105
—	CARRIZO OIL & GAS INC	13,000	$640K	0.4%	$49.23	$41.74	—	COM	144577103
AMGN	AMGEN INC COM PV $0.0001	4,115	$632K	0.4%	$153.58 *	$86.34	+30.8%	COM	031162100
COP	CONOCOPHILLIPS COM	9,571	$588K	0.4%	$61.44 *	$46.39	-5.2%	COM	20825C104
—	GENERAL ELECTRIC COMPANY	21,894	$582K	0.4%	$26.58	$25.99	—	COM	369604103
MDLZ	MONDELEZ INTERNATIONAL INC-A	13,000	$535K	0.3%	$41.15 *	$28.30	+14.8%	COM	609207105
—	PROSHARES ULTRASHORT 2000	15,000	$521K	0.3%	$34.73	$37.20	—	ULTSHT RUSS2000	74348a319
JNJ	JOHNSON & JOHNSON	5,305	$517K	0.3%	$97.46 *	$73.15	-0.5%	COM	478160104
—	ARDMORE SHIPPING CORP	40,000	$484K	0.3%	$12.10	$12.10	—	COM	y0207t100
WFC	WELLS FARGO & CO NEW	8,085	$455K	0.3%	$56.28 *	$36.56	+14.5%	COM	949746101
—	SENOMYX INC	84,495	$453K	0.3%	$5.36	$5.83	—	COM	81724q107
—	CONCERT PHARMACEUTICALS INC	30,000	$447K	0.3%	$14.90	$14.90	—	COM	206022105
—	TURQUOISE HILL RESOURCES LTD.	117,104	$444K	0.3%	$3.79	$4.34	—	COM	900435108
HD	HOME DEPOT, INC., THE	3,900	$433K	0.3%	$111.03 *	$60.11	+44.3%	COM	437076102
—	EMC CORPORATION MASS CMN	16,418	$433K	0.3%	$26.37	$26.33	—	COM	268648102
—	VMWARE INC. CMN CLASS A	5,000	$429K	0.3%	$85.80	$82.00	—	COM CL A	928563402
—	INVENTURE FOODS INC	40,208	$408K	0.2%	$10.15	$10.15	—	COM	461212102
CRS	CARPENTER TECHNOLOGY	10,000	$387K	0.2%	$38.70 *	$34.56	-7.2%	COM	144285103
DVN	DEVON ENERGY CORP NEW COM	6,150	$366K	0.2%	$59.51 *	$37.23	+9.7%	COM	25179M103
—	FIREEYE INC	7,000	$342K	0.2%	$48.86	$31.60	—	COM	31816q101
PTEN	PATTERSON-UTI ENERGY INCORD CM	18,000	$339K	0.2%	$18.83	$20.74	-9.3%	COM	703481101
—	SANDISK CORP	5,700	$332K	0.2%	$58.25	$58.25	—	COM	80004C101
—	CONTINENTAL RESOURCES INC/OK	7,750	$329K	0.2%	$42.45	$52.68	—	COM	212015101
FORM	FORM FACTOR INC	35,190	$324K	0.2%	$9.21	$6.06	+51.7%	COM	346375108
—	MONSANTO CO	3,000	$320K	0.2%	$106.67	$124.67	—	COM	61166W101
—	CALIFORNIA RESOURCES CORP.	50,000	$302K	0.2%	$6.04	$6.04	—	COM	13057q107
—	E. I. DU PONT DE NEMOURS AND C	4,661	$298K	0.2%	$63.93	$58.05	—	COM	263534109
CTRA	CABOT OIL & GAS CL A	9,400	$296K	0.2%	$31.49 *	$25.53	-10.3%	COM	127097103
GILD	GILEAD SCIENCES INC	2,500	$293K	0.2%	$117.20 *	$54.08	+51.0%	COM	375558103
—	COHERUS BIOSCIENCES INC	10,000	$289K	0.2%	$28.90	$28.90	—	COM	19249h103
—	TIFFANY & CO NEW	3,116	$286K	0.2%	$91.78	$72.89	—	COM	886547108
—	UNITED TECHS CORP COM	2,500	$277K	0.2%	$110.80	$115.60	—	COM	913017109
—	CLOVIS ONCOLOGY INC.	3,150	$277K	0.2%	$87.94	$42.83	—	COM	189464100
—	ENSIGN GROUP INC/THE	5,000	$255K	0.2%	$51.00	$46.80	—	COM	29358p101
—	NIMBLE STORAGE INC	8,250	$231K	0.1%	$28.00	$26.21	—	COM	65440r101
—	STEMCELLS INC	423,734	$229K	0.1%	$0.54	$1.22	—	COM NEW	85857r204
BAC	BANK OF AMERICA CORP	13,202	$225K	0.1%	$17.04 *	$12.14	+11.9%	COM	060505104
—	REGULUS THERAPEUTICS INC	20,260	$222K	0.1%	$10.96	$16.93	—	COM	75915k101
—	FORWARD PHARMA A/S-ADR	5,644	$215K	0.1%	$38.09	$38.09	—	SPONSORED ADR	34986j105
—	GULF COAST ULTRA DEEP ROYALTY	300,000	$210K	0.1%	$0.70	$0.99	—	ROYALTY TR UNIT	40222t104
—	CENTURYTEL INC CMN	6,900	$203K	0.1%	$29.42	$29.42	—	COM	156700106
—	HORSEHEAD HOLDINGS CORP	15,000	$176K	0.1%	$11.73	$11.73	—	COM	440694305
—	WAFERGEN BIO-SYSTEMS INC	50,100	$158K	0.1%	$3.15	$4.23	—	COM PAR $0.01	93041p308
—	BUILDERS FIRSTSOURCE, INC.CMN	10,000	$128K	0.1%	$12.80	$6.65	—	COM	12008r107