Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	KERYX BIOPHARMACEUTICALS	915,800	$15.61M	6.2%	$10.50	—	COM	492515101
—	MAGNUM HUNTER RES CORP DEL COM	1,719,900	$14.62M	5.8%	$3.95	—	COM	55973B102
AAPL	APPLE COMPUTER INC	25,792	$13.84M	5.5%	$13.61	+21.9%	COM	037833100
ACAD	ACADIA PHARMACEUTICALS INC	558,250	$13.58M	5.4%	$14.72	+71.9%	COM	004225108
—	NPS PHARMACEUTICALS INC	424,175	$12.7M	5.1%	$15.84	—	COM	62936P103
GILD	GILEAD SCIENCES	168,275	$11.92M	4.8%	$38.05	+43.2%	COM	375558103
QCOM	QUALCOMM INC	132,072	$10.41M	4.2%	$45.06	+19.9%	COM	747525103
—	GENERAL ELECTRIC CO	388,350	$10.05M	4.0%	$25.20	—	COM	369604103
—	EMC CORPORATION	331,700	$9.091M	3.6%	$23.75	—	COM	268648102
—	CELGENE CORP	62,950	$8.787M	3.5%	$116.98	—	COM	151020104
—	SANCHEZ ENERGY CORP	262,100	$7.766M	3.1%	$26.14	—	COM	79970Y105
—	CONCHO RESOURCES	61,020	$7.474M	3.0%	$85.65	—	COM	20605P101
CHKP	CHECK POINT SOFTWARE TECHNOLOG	107,610	$7.277M	2.9%	$48.11	+37.4%	ORD	M22465104
—	GOODRICH PETROLEUM CORP	457,300	$7.234M	2.9%	$15.82	—	COM	382410405
T	ATT INC	198,307	$6.954M	2.8%	$11.16	-2.7%	COM	00206R102
—	GOOGLE INC	5,350	$5.962M	2.4%	$896.76	—	CLA	38259P508
—	COACH INC	113,050	$5.614M	2.2%	$56.32	—	COM	189754104
HALO	HALOZYME THERAPEUTICS INC	392,050	$4.98M	2.0%	$12.99	+14.3%	COM	40637H109
EBAY	EBAY	89,950	$4.968M	2.0%	$19.91	+3.8%	COM	278642103
—	TIME WARNER INC NEW	68,016	$4.443M	1.8%	$65.62	—	COM NEW	887317303
—	ROSETTA RESOURCES INC	88,400	$4.117M	1.6%	$54.30	—	COM	777779307
INTC	INTEL CORP	151,209	$3.903M	1.6%	$17.18	+8.7%	COM	458140100
—	PROCERA NETWORKS INC	348,000	$3.615M	1.4%	$14.46	—	COM NEW	74269U203
—	TETRAPHASE PHARMACEUTICALS I	331,600	$3.611M	1.4%	$12.18	—	COM	88165N105
—	PHARMACYCLICS INC	33,095	$3.316M	1.3%	$100.20	—	COM	716933106
—	CHICAGO BRIDGE IRON COMPANY	32,576	$2.838M	1.1%	$59.65	—	COM	167250109
—	PORTOLA PHARMACEUTICALS INC	106,930	$2.769M	1.1%	$25.83	—	COM	737010108
BA	BOEING CO	21,300	$2.672M	1.1%	$80.37	+39.0%	COM	097023105
CMCSA	COMCAST CL A VTG	52,217	$2.612M	1.0%	$15.62	+27.8%	CLA	20030N101
EOG	EOG RESOURCES INC	11,740	$2.303M	0.9%	$47.62	+36.1%	COM	26875P101
—	NOVAVAX INC	506,950	$2.296M	0.9%	$4.35	—	COM	670002104
NVS	NOVARTIS AG-	26,650	$2.265M	0.9%	$70.99	—	SPON ADR	66987V109
CHGG	CHEGG INC	295,800	$2.07M	0.8%	$6.97	0.0%	COM	163092109
—	CARRIZO	35,400	$1.892M	0.8%	$28.33	—	COM	144577103
—	EXPRESS SCRIPTS HLDG CO COM	25,000	$1.877M	0.7%	$61.72	—	COM	30219G108
DIS	THE WALT DISNEY CO	20,500	$1.641M	0.7%	$56.11	+24.2%	COM DISNEY	254687106
—	NEKTAR THERAPEUTICS	130,400	$1.58M	0.6%	$12.12	—	COM	640268108
XMUIX	BLACKROCK MUNI INTER DURATION	108,500	$1.54M	0.6%	$14.19	—	COM	09253X102
—	NATIONAL GRID NEW ADR EACH REP	20,800	$1.429M	0.6%	$59.92	—	SPON ADR NEW	636274300
KOF	COCA-COLA FEMSA S.A.B. DE C.V	12,000	$1.266M	0.5%	$137.13	—	SPON ADR REP L	191241108
HYG	ISHARES TR IBOXX $ HIGH YIE	12,316	$1.162M	0.5%	$93.33	—	COM	464288513
—	MONSANTO CO NEW	10,000	$1.137M	0.5%	$98.80	—	COM	61166W101
—	POWERSHARES ETF TR II	44,150	$1.095M	0.4%	$24.86	—	SENIOR LN PORT	73936Q769
SQM	SOCIEDAD QUIMICA MINERA DE CH	28,500	$904K	0.4%	$40.39	—	SPON ADR SER B	833635105
NBIS	YANDEX N.V. COM USD0.01 CL	26,000	$784K	0.3%	$27.63	—	SHS CL A	N97284108
BIDU	BAIDU.COM	5,000	$761K	0.3%	$94.60	—	SPON ADR REPA	056752108
BRK/A	BERKSHIRE HATHAWAY INC CL-A	4	$749K	0.3%	$169254.55	+3.7%	CLA	084670108
MMM	3M COMPANY	5,500	$746K	0.3%	$73.00	+4.5%	COM	88579Y101
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,650	$706K	0.3%	$115.63	+1.1%	CL B NEW	084670702
—	INFOBLOX INC	31,285	$627K	0.3%	$20.04	—	COM	45672H104
—	CHARTER COMMUNICATIONS INC	5,000	$616K	0.2%	$123.80	—	CL A NEW	16117M305
CVS	CVS CAREMARK CORP	8,000	$598K	0.2%	$41.44	+23.3%	COM	126650100
LOW	LOWES COMPANIES	12,200	$596K	0.2%	$32.16	+21.3%	COM	548661107
DE	DEERE CO	6,207	$563K	0.2%	$67.86	+3.3%	COM	244199105
MSFT	MICROSOFT CORP	13,700	$561K	0.2%	$28.08	+11.3%	COM	594918104
SM	SM ENERGY CO COM	7,500	$534K	0.2%	$54.11	+28.4%	COM	78454L100
JNJ	JOHNSON JOHNSON	5,000	$491K	0.2%	$65.75	+1.3%	COM	478160104
—	POTASH CORP SASK INC COM	13,500	$488K	0.2%	$38.07	—	COM	73755L107
—	BUNGE LIMITED COM STK USD0.01	6,000	$477K	0.2%	$82.00	—	COM	G16962105
HON	HONEYWELL INTL INC	5,000	$463K	0.2%	$60.82	+6.4%	COM	438516106
CAT	CATERPILLAR INC	3,500	$347K	0.1%	$63.67	+9.5%	COM	149123101
FDX	FEDEX CORP	2,500	$331K	0.1%	$112.11	+2.7%	COM	31428X106
—	BHP BILLITON PLC SPONS ADR EAC	5,000	$308K	0.1%	$62.00	—	SPON ADR	05545E209
IVV	ISHARES SP 500 INDEX FUND	1,550	$291K	0.1%	$160.82	—	CORE SP 500 E	464287200
PG	PROCTOR GAMBLE	3,500	$282K	0.1%	$58.01	-2.6%	COM	742718109
—	UNITED TECHNOLOGIES CORP COM	2,400	$280K	0.1%	$113.75	—	COM	913017109
CL	COLGATE PALMOLIVE CO	4,000	$259K	0.1%	$48.40	-1.0%	COM	194162103
PEP	PEPSICO INC	3,000	$250K	0.1%	$56.00	+1.5%	COM	713448108
UPS	UNITED PARCEL SERVICE INC	2,500	$243K	0.1%	$64.45	-0.4%	CL B	911312106
—	TWITTER INC COM USD0.000005	5,100	$238K	0.1%	$63.53	—	COM	90184L102
—	SYNGENTA AG	3,000	$227K	0.1%	$79.67	—	SPON ADR	87160A100
IVW	ISHARES SP 500/BARRA GROWTH I	2,200	$219K	0.1%	$83.96	—	SP 500 GRWT E	464287309
CSCO	CISCO SYSTEMS	9,625	$215K	0.1%	$15.30	0.0%	COM	17275R102
SPG	SIMON PPTY GRP INC	1,300	$213K	0.1%	$80.96	+4.3%	COM	828806109
—	XOMA CORP	10,000	$60,000	0.0%	$6.73	—	COM	98419J107
—	HARRIS HARRIS GROUP INC	10,000	$34,000	0.0%	$3.00	—	COM	413833104