Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JAZZ	JAZZ PHARMACEUTICALS, INC.	114,513	$14.49M	7.9%	$103.48	0.0%	Equities	G50871105
—	ACTAVIS INC	69,226	$11.63M	6.3%	$168.00	—	SHS	G0083B108
—	BLACKSTONE GROUP L P COM UNIT	339,346	$10.69M	5.8%	$31.50	—	CL A	09253U108
—	CHESAPEAKE ENERGY	388,771	$10.55M	5.7%	$27.14	—	Equities	165167107
—	VALEANT PHARMACEUTICALS INTL	82,631	$9.701M	5.3%	$117.40	—	Equities	91911K102
—	EXPRESS SCRIPTS INC Cl A	137,018	$9.624M	5.2%	$70.24	—	Equities	30219G108
—	B/E AEROSPACE INC	92,809	$8.077M	4.4%	$87.03	—	Equities	073302101
NUS	NU SKIN ENTR INC CL A	55,327	$7.647M	4.2%	$79.96	0.0%	Equities	67018T105
—	POWERSHARES DYNAMIC MEDIA	271,376	$7.227M	3.9%	$26.63	—	DYN MEDIA PORT	73935X823
—	PWRSHRS BASIC MATERIALS	133,076	$6.784M	3.7%	$50.98	—	Equities	73935X427
V	VISA	26,046	$5.8M	3.2%	$46.29	0.0%	Equities	92826C839
JPM	J P MORGAN CHASE & CO	95,972	$5.612M	3.0%	$39.63	0.0%	Equities	46625H100
—	MAGELLAN MIDSTREAM PTNRS LP	82,154	$5.198M	2.8%	$63.27	—	COM UNIT RPLP	559080106
—	MONSANTO CO NEW DEL	40,943	$4.772M	2.6%	$116.55	—	Equities	61166W101
VLO	VALERO ENERGY CORP NEW	92,813	$4.678M	2.5%	$26.85	0.0%	Equities	91913Y100
UAA	UNDER ARMOUR INC CL A	53,452	$4.666M	2.5%	$20.49	0.0%	Equities	904311107
MPC	MARATHON PETE CORP	50,045	$4.591M	2.5%	$26.84	0.0%	Equities	56585A102
UNP	UNION PACIFIC CORP	27,202	$4.57M	2.5%	$60.55	0.0%	Equities	907818108
XLY	CONSUMER DISCRETIONARY	66,954	$4.475M	2.4%	$66.84	—	Equities	81369Y407
PKG	PACKAGING CORP AMER COM	68,037	$4.305M	2.3%	$42.52	0.0%	Equities	695156109
AL	AIR LEASE	135,773	$4.22M	2.3%	$25.91	0.0%	Equities	00912X302
—	DIRECTTV GROUP INC	61,056	$4.217M	2.3%	$69.07	—	Equities	25490A309
—	OCWEN FINANCIAL CORP NEW	73,683	$4.086M	2.2%	$55.45	—	Equities	675746309
PII	POLARIS INDUSTRIES INC	20,000	$2.913M	1.6%	$133.86	0.0%	Equities	731068102
DDD	3-D SYS CORP DEL COM NEW	28,290	$2.629M	1.4%	$70.11	0.0%	Equities	88554D205
HYG	IBOXX HIGH YIELD BONDS INDEX	23,973	$2.227M	1.2%	$92.90	—	Equities	464288513
IJT	ISHARES S&P SMALLCAP 600 GROWT	15,337	$1.819M	1.0%	$118.60	—	SP SMCP600 ETF	464287887
MDY	MIDCAP 400 SPDRS TRUST	6,901	$1.685M	0.9%	$244.17	—	UT SER1 S&P DCRP	78467Y107
DVN	DEVON ENERGY CP NEW	27,090	$1.676M	0.9%	$41.04	0.0%	Equities	25179M103
CBU	COMMUNITY BANK SYSTEMS INC	37,922	$1.505M	0.8%	$25.37	0.0%	Equities	203607106
XOM	EXXON MOBIL CORPORATION	13,006	$1.316M	0.7%	$55.94	0.0%	Equities	30231G102
—	CELGENE CORPORATION	7,200	$1.217M	0.7%	$169.03	—	Equities	151020104
AAPL	APPLE COMPUTER INCORPORAT	1,809	$1.015M	0.6%	$16.37	0.0%	Equities	037833100
JNJ	JOHNSON & JOHNSON INC	10,430	$955K	0.5%	$65.75	0.0%	Equities	478160104
—	PENNS WOODS BANCORP INC	17,087	$871K	0.5%	$50.97	—	Equities	708430103
TJX	T J X COS INC	8,888	$566K	0.3%	$25.71	0.0%	Equities	872540109
VFC	V F CORPORATION	8,000	$499K	0.3%	$52.11	0.0%	Equities	918204108
—	BARCLAYS BANK PLC PFD DIV 7.1%	19,600	$493K	0.3%	$25.15	—	SP ADR	06739H776
—	ENERGY TRANSFER EQUITY L.P. C	6,002	$491K	0.3%	$81.81	—	UNIT LP	29273R109
—	PRAXAIR INC	3,680	$479K	0.3%	$130.16	—	Equities	74005P104
IBM	INTL BUSINESS MACHINES	2,539	$476K	0.3%	$106.40	0.0%	Equities	459200101
CVX	CHEVRONTEXACO CORP	3,712	$464K	0.3%	$72.49	0.0%	Equities	166764100
PG	PROCTER & GAMBLE COMPANY	5,104	$416K	0.2%	$58.01	0.0%	Equities	742718109
DIS	DISNEY CO	5,070	$387K	0.2%	$61.69	0.0%	Equities	254687106
IYH	ISHARES TR DJ US HLTHCAR	3,135	$365K	0.2%	$116.43	—	US HLTHCARE ETF	464287762
VZ	VERIZON COMMUNICATIONS	7,201	$354K	0.2%	$26.61	0.0%	Equities	92343V104
—	WEATHERFORD INTERNATIONAL	22,586	$350K	0.2%	$15.50	—	REG SHS	H27013103
IVV	Ishares Core S&P	1,884	$350K	0.2%	$185.77	—	CORE S&P ETF	464287200
BRK/B	BERKSHIRE HATHAWAY CL B	2,325	$276K	0.1%	$115.63	0.0%	CL B	084670702
PFE	PFIZER INCORPORATED	7,472	$229K	0.1%	$17.62	0.0%	Equities	717081103
BAC	BANKAMERICA CORPORATION	13,591	$212K	0.1%	$11.68	0.0%	Equities	060505104
IJR	ISHARE S&P SMALL CAP	1,867	$204K	0.1%	$109.27	—	CORE S&P SCP ETF	464287804