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
ACCENTURE LTD BERMUDA CL A Stock G1151C101 4,367 54,779 SH   SOLE 0 54,779 0 0
AFLAC INC Stock 001055102 4,614 73,191 SH   SOLE 0 73,190 0 0
AMAZON.COM INC Stock 023135106 5,052 15,018 SH   SOLE 0 15,018 0 0
APPLE INC Stock 037833100 4,813 8,967 SH   SOLE 0 8,967 0 0
BAKER HUGHES INC Stock 057224107 5,428 83,475 SH   SOLE 0 83,475 0 0
CARBO CERAMICS INC Stock 140781105 4,906 35,556 SH   SOLE 0 35,556 0 0
CATAMARAN CORP Stock 148887102 3,558 79,500 SH   SOLE 0 79,500 0 0
CATERPILLAR INC Stock 149123101 4,906 49,369 SH   SOLE 0 49,369 0 0
CHICAGO BRIDGE & IRON CO NV SHS Stock 167250109 6,454 74,055 SH   SOLE 0 74,055 0 0
COLGATE-PALMOLIVE CO Stock 194162103 5,681 87,568 SH   SOLE 0 87,568 0 0
CONOCOPHILLIPS Stock 20825C104 588 8,356 SH   SOLE 0 8,356 0 0
ESTEE LAUDER COMPANIES INC Stock 518439104 4,426 66,172 SH   SOLE 0 66,172 0 0
EXXON MOBIL CORP Stock 30231G102 3,268 33,460 SH   SOLE 0 33,459 0 0
FIRST NIAGARA FINANCIAL GROUP Stock 33582V108 3,866 409,110 SH   SOLE 0 409,110 0 0
FLOWSERVE CORP Stock 34354P105 4,199 53,605 SH   SOLE 0 53,605 0 0
GENERAL ELECTRIC CO Stock 369604103 4,761 183,902 SH   SOLE 0 183,901 0 0
HEALTH CARE REIT INC REIT 42217K106 3,864 64,824 SH   SOLE 0 64,824 0 0
HEALTHCARE SERVICES GROUP INC Stock 421906108 4,481 154,200 SH   SOLE 0 154,200 0 0
HELMERICH & PAYNE INC Stock 423452101 6,133 57,021 SH   SOLE 0 57,021 0 0
HOME DEPOT Stock 437076102 4,653 58,796 SH   SOLE 0 58,796 0 0
KLA-TENCOR CORP Stock 482480100 5,162 74,661 SH   SOLE 0 74,660 0 0
MAIN STREET CAPITAL CORP COM Stock 56035L104 4,432 134,879 SH   SOLE 0 134,878 0 0
NOVO-NORDISK A/S ADR ADR CMN ADR 670100205 5,568 121,965 SH   SOLE 0 121,965 0 0
OCEANEERING INTL INC Stock 675232102 3,432 47,755 SH   SOLE 0 47,755 0 0
PHILLIPS 66 Stock 718546104 558 7,242 SH   SOLE 0 7,242 0 0
QUALCOMM INC Stock 747525103 4,872 61,775 SH   SOLE 0 61,775 0 0
ROCK-TENN CO Stock 772739207 4,178 39,575 SH   SOLE 0 39,575 0 0
SAFEGUARD SCIENTIFICS INC Stock 786449207 4,920 221,804 SH   SOLE 0 221,804 0 0
SCHLUMBERGER LTD Stock 806857108 283 2,905 SH   SOLE 0 2,905 0 0
SIZMEK INC COM USD0.001 Stock 83013P10 4,326 406,915 SH   SOLE 0 406,915 0 0
SPDR BIOTECH ETF ETF 78464A870 6,249 43,857 SH   SOLE 0 43,857 0 0
SPDR S&P 500 ETF ETF 78462F103 270 1,445 SH   SOLE 0 1,445 0 0
T ROWE PRICE GROUP INC Stock 74144T108 4,616 56,050 SH   SOLE 0 56,049 0 0
TARGET CORP Stock 87612E106 3,651 60,330 SH   SOLE 0 60,330 0 0
TEXTAINER GROUP HOLDINGS LTD SHS Stock G8766E109 3,740 97,730 SH   SOLE 0 97,730 0 0
TRW AUTOMOTIVE HOLDINGS C Stock 87264S106 5,027 61,585 SH   SOLE 0 61,585 0 0
UNION PACIFIC CORP Stock 907818108 6,539 34,846 SH   SOLE 0 34,846 0 0
VALMONT INDS INC Stock 920253101 4,114 27,641 SH   SOLE 0 27,641 0 0
VANGUARD LARGE CAP ETF 922908637 206 2,397 SH   SOLE 0 2,397 0 0
VANGUARD MID CAP ETF 922908629 226 1,988 SH   SOLE 0 1,988 0 0
VANGUARD SHORT TERM CORP BOND FD ETF ETF 92206C409 1,111 13,892 SH   SOLE 0 13,892 0 0
VANGUARD SMALL CAP ETF ETF 922908751 239 2,117 SH   SOLE 0 2,117 0 0