The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3-D SYS CORP DEL COM NEW 88554D205 46,885 1,426,390 SH   SOLE 1,426,390 0 0
ALLIANCE BANCORP INC PA NEW COM 01890A108 331 17,952 SH   SOLE 17,952 0 0
ALTRIA GROUP INC COM 02209S103 1,394 28,300 SH   SOLE 28,300 0 0
AMEC PLC SPONSORED ADR 00167X205 25,744 1,989,476 SH   SOLE 1,989,476 0 0
ANGIES LIST INC COM 034754101 2,947 473,000 SH   SOLE 473,000 0 0
ANIKA THERAPEUTICS INC COM 035255108 2,587 63,500 SH   SOLE 63,500 0 0
AOL INC COM 00184X105 3,117 67,516 SH   SOLE 67,516 0 0
APOLLO ED GROUP INC CL A 037604105 2,830 82,972 SH   SOLE 82,972 0 0
APPLE INC COM 037833100 6,348 57,513 SH   SOLE 57,513 0 0
ARGAN INC COM 04010E109 2,536 75,400 SH   SOLE 75,400 0 0
ASB BANCORP INC N C COM 00213T109 290 13,489 SH   SOLE 13,489 0 0
AT&T INC COM 00206R102 18,475 550,000 SH   SOLE 550,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 17,853 440,045 SH   SOLE 440,045 0 0
BED BATH & BEYOND INC COM 075896100 2,834 37,200 SH   SOLE 37,200 0 0
BLOCK H & R INC COM 093671105 2,617 77,700 SH   SOLE 77,700 0 0
BLUCORA INC COM 095229100 2,327 168,000 SH   SOLE 168,000 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 3,226 121,600 SH   SOLE 121,600 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 3,065 258,900 SH   SOLE 258,900 0 0
BUCKLE INC COM 118440106 2,805 53,400 SH   SOLE 53,400 0 0
CA INC COM 12673P105 2,937 96,450 SH   SOLE 96,450 0 0
CENTURYLINK INC COM 156700106 5,632 142,300 SH   SOLE 142,300 0 0
CHEVIOT FINL CORP NEW COM 16677X105 898 63,200 SH   SOLE 63,200 0 0
CIRRUS LOGIC INC COM 172755100 2,833 120,208 SH   SOLE 120,208 0 0
CISCO SYS INC COM 17275R102 2,712 97,500 SH   SOLE 97,500 0 0
CLIFTON BANCORP INC COM 186873105 553 40,671 SH   SOLE 40,671 0 0
COACH INC COM 189754104 2,667 71,000 SH   SOLE 71,000 0 0
COLONIAL FINL SVCS INC COM 19566B101 256 19,131 SH   SOLE 19,131 0 0
COMPUTER SCIENCES CORP COM 205363104 3,001 47,600 SH   SOLE 47,600 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 726 38,204 SH   SOLE 38,204 0 0
COVIDIEN PLC SHS G2554F113 9,268 90,615 SH   SOLE 90,615 0 0
CYNOSURE INC CL A 232577205 3,236 118,000 SH   SOLE 118,000 0 0
DELUXE CORP COM 248019101 2,832 45,500 SH   SOLE 45,500 0 0
DICE HLDGS INC COM 253017107 3,113 311,000 SH   SOLE 311,000 0 0
DONNELLEY R R & SONS CO COM 257867101 918 54,650 SH   SOLE 54,650 0 0
DOVER CORP COM 260003108 2,295 32,000 SH   SOLE 32,000 0 0
DOVER MOTORSPORTS INC COM 260174107 1,305 500,000 SH   SOLE 500,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 19,738 266,941 SH   SOLE 266,941 0 0
EBIX INC COM NEW 278715206 3,024 178,000 SH   SOLE 178,000 0 0
ENGILITY HLDGS INC COM 29285W104 3,189 74,500 SH   SOLE 74,500 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 4,352 51,400 SH   SOLE 51,400 0 0
EXXON MOBIL CORP COM 30231G102 3,339 36,115 SH   SOLE 36,115 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 1,261 75,620 SH   SOLE 75,620 0 0
FRANKLIN FINL CORP VA COM 35353C102 2,428 114,629 SH   SOLE 114,629 0 0
GAMESTOP CORP NEW CL A 36467W109 2,156 63,800 SH   SOLE 63,800 0 0
GANNETT INC COM 364730101 2,522 79,000 SH   SOLE 79,000 0 0
GAP INC DEL COM 364760108 2,885 68,500 SH   SOLE 68,500 0 0
GLOBAL CASH ACCESS HLDGS INC COM 378967103 2,610 365,000 SH   SOLE 365,000 0 0
GOOGLE INC CL A 38259P508 425 800 SH   SOLE 800 0 0
GOOGLE INC CL C 38259P706 3,948 7,500 SH   SOLE 7,500 0 0
GRAHAM HLDGS CO COM 384637104 3,023 3,500 SH   SOLE 3,500 0 0
HASBRO INC COM 418056107 566 10,300 SH   SOLE 10,300 0 0
HEWLETT PACKARD CO COM 428236103 3,190 79,500 SH   SOLE 79,500 0 0
HIGHER ONE HLDGS INC COM 42983D104 1,406 334,000 SH   SOLE 334,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 1,216 20,000 SH   SOLE 20,000 0 0
ICONIX BRAND GROUP INC COM 451055107 6,488 192,000 SH   SOLE 192,000 0 0
INTEL CORP COM 458140100 1,061 29,237 SH   SOLE 29,237 0 0
INTELIQUENT INC COM 45825N107 4,234 215,698 SH   SOLE 215,698 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 722 4,502 SH   SOLE 4,502 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 2,465 118,000 SH   SOLE 118,000 0 0
JOHNSON & JOHNSON COM 478160104 964 9,216 SH   SOLE 9,216 0 0
JPMORGAN CHASE & CO COM 46625H100 7,857 125,550 SH   SOLE 125,550 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 10,239 94,895 SH   SOLE 94,895 0 0
LAPORTE BANCORP INC MD COM 516651106 167 13,334 SH   SOLE 13,334 0 0
LIQUIDITY SERVICES INC COM 53635B107 1,234 151,000 SH   SOLE 151,000 0 0
MADDEN STEVEN LTD COM 556269108 2,706 85,000 SH   SOLE 85,000 0 0
MALVERN BANCORP INC COM 561409103 165 13,686 SH   SOLE 13,686 0 0
MANPOWERGROUP INC COM 56418H100 2,727 40,000 SH   SOLE 40,000 0 0
MANTECH INTL CORP CL A 564563104 2,345 77,567 SH   SOLE 77,567 0 0
MEDTRONIC INC COM 585055106 33,206 459,910 SH   SOLE 459,910 0 0
MICROSOFT CORP COM 594918104 20,901 449,978 SH   SOLE 449,978 0 0
MYRIAD GENETICS INC COM 62855J104 2,282 67,000 SH   SOLE 67,000 0 0
NASDAQ OMX GROUP INC COM 631103108 18,982 395,790 SH   SOLE 395,790 0 0
NAUGATUCK VY FINL CORP MD COM 63906P107 178 20,800 SH   SOLE 20,800 0 0
NEUSTAR INC CL A 64126X201 2,405 86,500 SH   SOLE 86,500 0 0
NEWS CORP NEW CL A 65249B109 38,205 2,435,000 SH   SOLE 2,435,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 2,948 20,000 SH   SOLE 20,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 2,609 59,700 SH   SOLE 59,700 0 0
ORACLE CORP COM 68389X105 6,952 154,600 SH   SOLE 154,600 0 0
OUTERWALL INC COM 690070107 2,535 33,700 SH   SOLE 33,700 0 0
PACIFIC ETHANOL INC COM PAR $.001 69423U305 1,198 116,000 SH   SOLE 116,000 0 0
PERFORMANT FINL CORP COM 71377E105 1,815 273,000 SH   SOLE 273,000 0 0
PETMED EXPRESS INC COM 716382106 2,400 167,000 SH   SOLE 167,000 0 0
PETSMART INC COM 716768106 2,853 35,100 SH   SOLE 35,100 0 0
PFIZER INC COM 717081103 17,867 573,579 SH   SOLE 573,579 0 0
POLONIA BACORP INC MD COM 73158Q109 202 19,486 SH   SOLE 19,486 0 0
PROCTER & GAMBLE CO COM 742718109 507 5,570 SH   SOLE 5,570 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 750 60,000 SH   SOLE 60,000 0 0
QUALCOMM INC COM 747525103 5,203 70,000 SH   SOLE 70,000 0 0
REGAL ENTMT GROUP CL A 758766109 437 20,450 SH   SOLE 20,450 0 0
REX AMERICAN RESOURCES CORP COM 761624105 2,293 37,000 SH   SOLE 37,000 0 0
SANDISK CORP COM 80004C101 2,822 28,800 SH   SOLE 28,800 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,993 45,000 SH   SOLE 45,000 0 0
SI FINL GROUP INC MD COM 78425V104 554 48,875 SH   SOLE 48,875 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,750 500,000 SH   SOLE 500,000 0 0
SMITH & WESSON HLDG CORP COM 831756101 2,443 258,000 SH   SOLE 258,000 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 7,655 350,000 SH   SOLE 350,000 0 0
STAPLES INC COM 855030102 3,207 177,000 SH   SOLE 177,000 0 0
STARZ COM SER A 85571Q102 2,525 85,000 SH   SOLE 85,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,992 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 3,305 44,500 SH   SOLE 44,500 0 0
STURM RUGER & CO INC COM 864159108 1,482 42,800 SH   SOLE 42,800 0 0
SUNSHINE BANCORP INC COM 86777J108 168 13,750 SH   SOLE 13,750 0 0
SYMANTEC CORP COM 871503108 2,963 115,500 SH   SOLE 115,500 0 0
TARGET CORP COM 87612E106 13,801 181,805 SH   SOLE 181,805 0 0
TERADATA CORP DEL COM 88076W103 2,839 65,000 SH   SOLE 65,000 0 0
THE ADT CORPORATION COM 00101J106 10,665 294,375 SH   SOLE 294,375 0 0
TIME WARNER INC COM NEW 887317303 2,733 32,000 SH   SOLE 32,000 0 0
TRC COS INC COM 872625108 35,303 5,568,257 SH   SOLE 5,568,257 0 0
USANA HEALTH SCIENCES INC COM 90328M107 2,437 23,759 SH   SOLE 23,759 0 0
VECTOR GROUP LTD COM 92240M108 3,356 157,500 SH   SOLE 157,500 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 36,689 784,283 SH   SOLE 784,283 0 0
VIACOM INC NEW CL B 92553P201 42,065 559,000 SH   SOLE 559,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 10,259 725,000 SH   SOLE 725,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 499 14,591 SH   SOLE 14,591 0 0
WASTE MGMT INC DEL COM 94106L109 455 8,875 SH   SOLE 8,875 0 0
WATERSTONE FINL INC MD COM 94188P101 764 58,120 SH   SOLE 58,120 0 0
WESTBURY BANCORP INC COM 95727P106 492 29,995 SH   SOLE 29,995 0 0
WESTERN DIGITAL CORP COM 958102105 3,111 28,100 SH   SOLE 28,100 0 0
WESTERN UN CO COM 959802109 2,776 155,000 SH   SOLE 155,000 0 0