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
ABBOTT LABS COM 002824100 546 13,569 SH   SOLE   6,500 0 7,069
ABBVIE INC COM 00287Y109 584 10,725 SH   SOLE   4,800 0 5,925
ABERDEEN ASIA PACIFIC INCOM COM 003009107 49 10,937 SH   SOLE   0 0 10,937
ADAMS DIVERSIFIED EQUITY FD COM 006212104 200 15,714 SH   SOLE   0 0 15,714
ALCOA INC COM 013817101 311 32,181 SH   SOLE   0 0 32,181
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 123 11,130 SH   SOLE   0 0 11,130
ALTRIA GROUP INC COM 02209S103 288 5,300 SH   SOLE   4,500 0 800
AMAZON COM INC COM 023135106 1,287 2,514 SH   SOLE   1,920 0 594
ANCHOR BANCORP WA COM 032838104 467 21,200 SH   SOLE   0 0 21,200
APACHE CORP COM 037411105 711 18,169 SH   SOLE   15,600 0 2,569
APPLE INC COM 037833100 3,366 30,513 SH   SOLE   2,900 0 27,613
AUTOZONE INC COM 053332102 1,110 1,534 SH   SOLE   1,400 0 134
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 373 6,940 SH   SOLE   5,700 0 1,240
BANK OF AMERICA CORPORATION COM 060505104 359 23,034 SH   SOLE   0 0 23,034
BGC PARTNERS INC CL A 05541T101 172 20,912 SH   SOLE   0 0 20,912
BOEING CO COM 097023105 251 1,916 SH   SOLE   0 0 1,916
BRISTOL MYERS SQUIBB CO COM 110122108 463 7,823 SH   SOLE   0 0 7,823
CAPITAL ONE COM 14040H105 963 13,283 SH   SOLE   13,000 0 283
CDK GLOBAL INC COM 12508E101 503 10,521 SH   SOLE   6,900 0 3,621
CHEVRON CORP NEW COM 166764100 474 6,011 SH   SOLE   2,700 0 3,311
CIRRUS LOGIC I NC COM 172755100 529 16,800 SH   SOLE   16,100 0 700
CLIFTON BANCORP INC COM 186873105 139 10,000 SH   SOLE   0 0 10,000
CME GROUP INC COM 12572Q105 524 5,650 SH   SOLE   4,000 0 1,650
CONOCOPHILLIPS COM 20825C104 990 20,642 SH   SOLE   12,200 0 8,442
COPA HOLDINGS SA CL A P31076105 164 3,910 SH   SOLE   3,000 0 910
CREDIT SUISSE ASSET MGMT INC COM 224916106 338 119,437 SH   SOLE   0 0 119,437
D R HORTON INC COM 23331A109 1,156 39,387 SH   SOLE   34,300 0 5,087
DIANA CONTAINERSHIPS INC COM Y2069P101 107 86,425 SH   SOLE   0 0 86,425
DOLLAR TREE INC COM 256746108 2,560 38,404 SH   SOLE   30,000 0 8,404
DOMINOS PIZZA INC COM 25754A201 1,320 12,234 SH   SOLE   9,600 0 2,634
DOW CHEM CO COM 260543103 229 5,395 SH   SOLE   0 0 5,395
DR PEPPER SNAPPLE GROUP INC COM 26138E109 1,066 13,491 SH   SOLE   10,900 0 2,591
EATON VANCE TX MGD DIV EQ IN COM 27828N102 111 10,800 SH   SOLE   0 0 10,800
EDWARDS LIFESCIENCES CORP COM 28176E108 631 4,440 SH   SOLE   4,400 0 40
EOG RES INC COM 26875P101 723 9,938 SH   SOLE   8,200 0 1,738
EXXON MOBIL CORP COM 30231G102 293 3,937 SH   SOLE   0 0 3,937
EZCORP INC CLA NON VTG 302301106 1,674 271,341 SH   SOLE   210,600 0 60,741
F M C CORP COM NEW 302491303 196 5,794 SH   SOLE   4,100 0 1,694
FEDERATED INVS INC PA CL B 314211103 1,925 66,624 SH   SOLE   38,700 0 27,924
FEDEX CORP COM 31428X106 862 5,990 SH   SOLE   5,000 0 990
FIRST NIAGARA FINL GP INC COM 33582V108 1,236 121,075 SH   SOLE   91,200 0 29,875
FORD MTR CO DEL COM PAR $0.01 345370860 243 17,888 SH   SOLE   0 0 17,888
GENERAL ELECTRIC CO COM 369604103 376 14,915 SH   SOLE   0 0 14,915
GENERAL MTRS CO COM 37045V100 363 12,100 SH   SOLE   9,950 0 2,150
GILEAD SCIENCES INC COM 375558103 316 3,217 SH   SOLE   0 0 3,217
GOGO INC COM 38046C109 180 11,766 SH   SOLE   0 0 11,766
GOOGLE INC CL C 38259P706 956 1,572 SH   SOLE   1,400 0 172
GOOGLE INC CL A 38259P508 243 380 SH   SOLE   0 0 380
HALLIBURTON CO COM 406216101 390 11,045 SH   SOLE   8,000 0 3,045
HELMERICH & PAYNE INC COM 423452101 273 5,785 SH   SOLE   3,000 0 2,785
HOME DEPOT INC COM 437076102 1,135 9,824 SH   SOLE   7,000 0 2,824
HOUSTON WIRE & CABLE CO COM 44244K109 145 22,800 SH   SOLE   19,300 0 3,500
IAO KUN GROUP HLDG CO LTD ORD USD SHS G47204105 57 32,766 SH   SOLE   0 0 32,766
IDEXX LABS INC COM 45168D104 795 10,710 SH   SOLE   9,400 0 1,310
INTEL CORP COM 458140100 1,344 44,592 SH   SOLE   0 0 44,592
INTERNATIONAL BUSINESS MACHS COM 459200101 252 1,739 SH   SOLE   0 0 1,739
INTERSECTIONS INC COM 460981301 32 15,147 SH   SOLE   0 0 15,147
INVIVO THERAPEUTICS HLDGS CO COM NEW 46186M209 2,011 233,239 SH   SOLE   175,933 0 57,306
ISHARES TR MSCI EAFE ETF 464287465 253 4,422 SH   SOLE   0 0 4,422
ISHARES TR RUS MD CP GR ETF 464287481 890 10,040 SH   SOLE   0 0 10,040
JOHNSON & JOHNSON COM 478160104 982 10,523 SH   SOLE   2,900 0 7,623
LINCOLN NATL CORP IND COM 534187109 802 16,908 SH   SOLE   14,200 0 2,708
LOCKHEED MARTIN CORP COM 539830109 479 2,310 SH   SOLE   1,700 0 610
M & T BK CORP COM 55261F104 466 3,825 SH   SOLE   3,000 0 825
MALVERN BANCORP INC COM 561409103 157 10,000 SH   SOLE   0 0 10,000
MARKET VECTORS ETF TR INVT GRD FL RT 57060U514 1,164 47,054 SH   SOLE   0 0 47,054
MCDONALDS CORP COM 580135101 421 4,268 SH   SOLE   1,900 0 2,368
MERCK & CO INC NEW COM 58933Y105 908 18,387 SH   SOLE   11,200 0 7,187
MICROSOFT CORP COM 594918104 954 21,565 SH   SOLE   7,100 0 14,465
NATIONAL OILWELL VARCO INC COM 637071101 646 17,150 SH   SOLE   15,700 0 1,450
NEW YORK CMNTY BANCORP INC COM 649445103 260 14,416 SH   SOLE   0 0 14,416
NIKE INC CL B 654106103 202 1,639 SH   SOLE   0 0 1,639
NOBLE ENERGY INC COM 655044105 789 26,150 SH   SOLE   25,900 0 250
NOODLES & CO CL A 65540B105 1,586 112,015 SH   SOLE   79,895 0 32,120
OCCIDENTAL PETE CORP DEL COM 674599105 913 13,804 SH   SOLE   10,200 0 3,604
OPKO HEALTH INC COM 68375N103 629 74,756 SH   SOLE   51,200 0 23,556
OUTFRONT MEDIA INC COM 69007J106 300 14,400 SH   SOLE   12,000 0 2,400
PARKER HANNIFIN CORP COM 701094104 238 2,450 SH   SOLE   2,200 0 250
PATTERSON COMPANIES INC COM 703395103 1,069 24,724 SH   SOLE   19,600 0 5,124
PAYCHEX INC COM 704326107 1,079 22,661 SH   SOLE   16,200 0 6,461
PAYPAL HOLDINGS COM 70450Y103 867 27,930 SH   SOLE   25,100 0 2,830
PENN WEST PEPE LTD NEW COM 707887105 8 18,015 SH   SOLE   0 0 18,015
PENNEY J C INC COM 708160106 381 40,961 SH   SOLE   0 0 40,961
PEPSICO INC COM 713448108 230 2,438 SH   SOLE   0 0 2,438
PETMED EXPRESS INC COM 716382106 1,275 79,210 SH   SOLE   64,300 0 14,910
PHILIP MORRIS INTL INC COM 718172109 424 5,344 SH   SOLE   4,200 0 1,144
PRA GROUP INC COM 69354N106 340 6,424 SH   SOLE   4,800 0 1,624
PROCTER & GAMBLE CO COM 742718109 203 2,815 SH   SOLE   0 0 2,815
PRUDENTIAL BANCORP INC NEW COM 74431A101 144 10,000 SH   SOLE   0 0 10,000
QUALCOMM INC COM 747525103 643 11,973 SH   SOLE   5,350 0 6,623
REGIONS FINL CORP NEW COM 7591EP100 99 10,935 SH   SOLE   0 0 10,935
RIVERVIEW BANCORP INC COM 769397100 53 11,145 SH   SOLE   0 0 11,145
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 809 11,000 SH   SOLE   0 0 11,000
SABRE CORP COM 78573M104 402 14,780 SH   SOLE   9,200 0 5,580
SAREPTA THERAPEUTICS INC COM 803607100 215 6,707 SH   SOLE   0 0 6,707
SCHLUMBERGER LTD COM 806857108 724 10,503 SH   SOLE   8,800 0 1,703
SERVICE CORP INTL COM 817565104 968 35,738 SH   SOLE   22,300 0 13,438
SM ENERGY CO COM 78454L100 224 7,000 SH   SOLE   6,000 0 1,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 588 3,070 SH   SOLE   0 0 3,070
SPDR SERIES TRUST BRCLY EM LOCL 78464A391 561 22,814 SH   SOLE   0 0 22,814
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 959 26,904 SH   SOLE   0 0 26,904
SPRINT CORP COM SER 1 85207U105 716 186,531 SH   SOLE   150,000 0 36,531
STANLEY BLACK & DECKER INC COM 854502101 1,011 10,429 SH   SOLE   8,000 0 2,429
STARBUCKS CORP COM 855244109 1,232 21,677 SH   SOLE   13,200 0 8,477
STURM RUGER & CO INC COM 864159108 223 3,800 SH   SOLE   3,800 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 441 15,340 SH   SOLE   14,600 0 740
TENET HEALTHCARE CORP COM NEW 88033G407 638 17,280 SH   SOLE   16,000 0 1,280
TERRITORIAL BANCORP INC COM 88145X108 505 19,400 SH   SOLE   0 0 19,400
TESLA MTRS INC COM 88160R101 581 2,337 SH   SOLE   0 0 2,337
TIMBERLAND BANCORP INC COM 887098101 259 23,800 SH   SOLE   0 0 23,800
TJX COS INC NEW COM 872540109 206 2,878 SH   SOLE   0 0 2,878
TWENTY FIRST CENTY FOX INC CL B 90130A200 277 10,240 SH   SOLE   8,000 0 2,240
UMPQUA HLDGS CORP COM 904214103 2,538 155,677 SH   SOLE   76,000 0 79,677
UNILEVER N V N Y SHS NEW 904784709 323 8,030 SH   SOLE   6,100 0 1,930
UNION PAC CORP COM 907818108 1,052 11,894 SH   SOLE   10,000 0 1,894
UNITED PARCEL SERVICE INC CL B 911312106 231 2,340 SH   SOLE   0 0 2,340
UNITED TECHNOLOGIES CORP COM 913017109 511 5,737 SH   SOLE   3,000 0 2,737
VERITIV CORP COM 923454102 572 13,141 SH   SOLE   5,000 0 8,141
VERIZON COMMUNICATIONS INC COM 92343V104 937 21,541 SH   SOLE   13,400 0 8,141
VISA INC COM CL A 92826C839 446 6,406 SH   SOLE   0 0 6,406
WALGREENS BOOTS ALLIANCE INC COM 931427108 261 3,136 SH   SOLE   0 0 3,136
WAL-MART STORES INC COM 931142103 278 4,286 SH   SOLE   0 0 4,286
WASHINGTON FED INC COM 938824109 460 20,212 SH   SOLE   0 0 20,212
WASTE MGMT INC DEL COM 94106L109 318 6,385 SH   SOLE   0 0 6,385
WELLS FARGO & CO NEW COM 949746101 303 5,907 SH   SOLE   0 0 5,907
WHOLE FOODS MKT INC COM 966837106 1,022 32,295 SH   SOLE   26,200 0 6,095
YAHOO INC COM 984332106 1,032 35,680 SH   SOLE   26,800 0 8,880
YUM BRANDS INC COM 988498101 1,384 17,306 SH   SOLE   12,000 0 5,306
ZIMMER BIOMET HLDGS INC COM 98956P102 684 7,287 SH   SOLE   6,100 0 1,187
ZOETIS INC CL A 98978V103 1,315 31,941 SH   SOLE   26,850 0 5,091