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
3M CO COM 88579Y101 543 4,962 SH   SOLE   4,962 0 0
ACCELRYS INC COM 00430U103 2,635 313,634 SH   SOLE   313,634 0 0
ADOBE SYSTEMS COM 00724F101 255 5,600 SH   SOLE   5,600 0 0
ALTRIA GROUP INC COM 02209S103 1,181 33,751 SH   SOLE   33,751 0 0
AMERICAN VANGUARD CORPORATIO COM 030371108 6,418 273,908 SH   SOLE   273,908 0 0
ANADARKO PETROLEUM CORPORATI COM 032511107 606 7,054 SH   SOLE   7,054 0 0
ANTARES PHARMA INC. COM 036642106 943 226,600 SH   SOLE   226,600 0 0
ARGAN INC. COM 04010E109 7,834 502,200 SH   SOLE   502,200 0 0
ASML HOLDING NV - NY REG SHS COM N07059210 910 11,502 SH   SOLE   11,502 0 0
AT&T COM 00206R102 310 8,770 SH   SOLE   8,770 0 0
BALCHEM CORP COM 057665200 6,549 146,354 SH   SOLE   146,354 0 0
BERKSHIRE HATHAWAY A COM 084670108 3,709 22 SH   SOLE   22 0 0
BERKSHIRE HATHAWAY B COM 084670207 1,884 16,835 SH   SOLE   16,835 0 0
BLACK DIAMOND INC. COM 09202G101 17,331 1,845,731 SH   SOLE   1,845,731 0 0
BOTTOMLINE TECHNOLOGIES COM 101388106 4,763 188,322 SH   SOLE   188,322 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 524 11,723 SH   SOLE   11,723 0 0
BROWN & BROWN INC COM 115236101 6,568 203,720 SH   SOLE   203,720 0 0
CANTEL MEDICAL CORP COM 138098108 237 7,000 SH   SOLE   7,000 0 0
CARBO CERAMICS INC. COM 140781105 1,940 28,764 SH   SOLE   28,764 0 0
CARLYLE GROUP COM 14309L102 721 28,150 SH   SOLE   28,150 0 0
CELGENE CORPORATION COM 151020104 1,100 9,400 SH   SOLE   9,400 0 0
CEVA, INC. COM 157210105 257 13,300 SH   SOLE   13,300 0 0
CHEVRON CORPORATION COM 166764100 387 3,270 SH   SOLE   3,270 0 0
COCA-COLA CO COM 191216100 951 23,707 SH   SOLE   23,707 0 0
CONCUR TECHNOLOGIES, INC. COM 206708109 3,912 48,070 SH   SOLE   48,070 0 0
COOPER COMPANIES, INC COM 216648402 7,611 63,935 SH   SOLE   63,935 0 0
COPART INC COM 217204106 8,823 286,470 SH   SOLE   286,470 0 0
CORE LABORATORIES NV COM N22717107 5,906 38,940 SH   SOLE   38,940 0 0
COSTAR GROUP INC COM 22160N109 6,801 52,690 SH   SOLE   52,690 0 0
CVR PARTNERS LP COM 126633106 455 20,000 SH   SOLE   20,000 0 0
CVS/CAREMARK CORPORATION COM 126650100 286 5,000 SH   SOLE   5,000 0 0
DAILY JOURNAL CORP COM 233912104 2,555 22,611 SH   SOLE   22,611 0 0
DORMAN PRODUCTS INC. COM 258278100 6,464 141,670 SH   SOLE   141,670 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 662 12,618 SH   SOLE   12,618 0 0
ELECTRONICS FOR IMAGING, INC COM 286082102 8,215 290,400 SH   SOLE   290,400 0 0
ELLIE MAE INC COM 28849P100 1,560 67,600 SH   SOLE   67,600 0 0
ENVESTNET INC COM 29404K106 3,128 127,150 SH   SOLE   127,150 0 0
EPIQ SYSTEMS INC COM 26882D109 2,518 186,950 SH   SOLE   186,950 0 0
EQUINIX INC COM 29444U502 686 3,714 SH   SOLE   3,714 0 0
EXPEDITORS INTL COM 302130109 844 22,200 SH   SOLE   22,200 0 0
EXXON MOBIL CORP COM 30231G102 4,245 46,985 SH   SOLE   46,985 0 0
FEI COMPANY COM 30241L109 3,907 53,500 SH   SOLE   53,500 0 0
FEMALE HEALTH COMPANY COM 314462102 175 17,700 SH   SOLE   17,700 0 0
FRANCO-NEVADA CORP COM 351858105 3,066 85,701 SH   SOLE   85,701 0 0
GENERAL ELECTRIC COMPANY COM 369604103 515 22,224 SH   SOLE   22,224 0 0
GENERAL MILLS INC COM 370334104 1,520 31,315 SH   SOLE   31,315 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 2,608 37,750 SH   SOLE   37,750 0 0
GLOBAL X FTSE COLOMBIA 20 COM 37950E200 3,193 174,080 SH   SOLE   174,080 0 0
GOOGLE INC. CLASS A COM 38259P508 405 460 SH   SOLE   460 0 0
HAEMONETICS CORP. COM 405024100 2,426 58,674 SH   SOLE   58,674 0 0
HEALTHCARE SERVICES GROUP COM 421906108 10,636 433,784 SH   SOLE   433,784 0 0
HERCULES TECHNOLOGY GROWTH C COM 427096508 6,839 490,595 SH   SOLE   490,595 0 0
HEWLETT-PACKARD COMPANY COM 428236103 214 8,630 SH   SOLE   8,630 0 0
IAC/INTERACTIVE CORPORATION COM 44919P508 1,995 41,921 SH   SOLE   41,921 0 0
IHS INC. COM 451734107 10,399 99,627 SH   SOLE   99,627 0 0
INCYTE CORP COM 45337C102 5,581 253,660 SH   SOLE   253,660 0 0
INTERNATIONAL BUSINESS MACHI COM 459200101 1,174 6,141 SH   SOLE   6,141 0 0
INVENTURE FOODS, INC. COM 461212102 3,584 428,691 SH   SOLE   428,691 0 0
IPATH S&P 500 DYNAMIC VIX ET COM 06741L609 6,647 155,480 SH   SOLE   155,480 0 0
ISHARES DJ SELECT DIVIDEND COM 464287168 2,769 43,252 SH   SOLE   43,252 0 0
ISHARES MSCI EAFE GROWTH IND COM 464288885 9,060 146,721 SH   SOLE   146,721 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 1,503 26,225 SH   SOLE   26,225 0 0
ISHARES MSCI EAFE VALUE INDE COM 464288877 10,044 207,602 SH   SOLE   207,602 0 0
ISHARES S&P 500 GROWTH INDEX COM 464287309 1,098 13,073 SH   SOLE   13,073 0 0
ISHARES S&P 500 VALUE INDEX COM 464287408 3,054 40,312 SH   SOLE   40,312 0 0
ISHARES S&P NAT AMT-FREE MUN COM 464288414 6,029 57,393 SH   SOLE   57,393 0 0
JOHNSON & JOHNSON COM 478160104 244 2,843 SH   SOLE   2,843 0 0
KELLOGG CO COM 487836108 293 4,565 SH   SOLE   4,565 0 0
KINDER MORGAN ENERGY PRTNRS COM 494550106 4,757 55,700 SH   SOLE   55,700 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 2,983 78,200 SH   SOLE   78,200 0 0
KINDER MORGAN MANAGEMENT COM 49455U100 4,846 57,976 SH   SOLE   57,976 0 0
KRAFT FOODS GROUP INC. COM 50076Q106 206 3,690 SH   SOLE   3,690 0 0
LIBERTY PROPERTIES COM 531172104 296 8,000 SH   SOLE   8,000 0 0
LIFELOCK, INC. COM 53224V100 8,116 693,049 SH   SOLE   693,049 0 0
LIGAND PHARMACEUTICALS - CL COM 53220K504 11,447 306,059 SH   SOLE   306,059 0 0
LIQUIDITY SERVICES COM 53635B107 9,490 273,735 SH   SOLE   273,735 0 0
LITTELFUSE INC COM 537008104 3,041 40,760 SH   SOLE   40,760 0 0
LKQ CORP COM 501889208 8,047 312,522 SH   SOLE   312,522 0 0
MARKETAXESS HOLDINGS INC COM 57060D108 6,611 141,420 SH   SOLE   141,420 0 0
MAXIM INTEGRATED COM 57772K101 475 17,100 SH   SOLE   17,100 0 0
MEASUREMENT SPECIALTIES, INC COM 583421102 624 13,400 SH   SOLE   13,400 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 2,991 38,620 SH   SOLE   38,620 0 0
MONDELEZ INTERNATIONAL INC. COM 609207105 328 11,490 SH   SOLE   11,490 0 0
MOVADO GROUP INC. COM 624580106 2,640 78,050 SH   SOLE   78,050 0 0
NATIONAL AMERICAN UNIVERSITY COM 63245Q105 1,676 448,136 SH   SOLE   448,136 0 0
NATIONAL AMERICAN UNIVERSITY COM 63245Q105 512 152,000 SH   SOLE   152,000 0 0
NEW MOUNTAIN FINANCE CORP COM 647551100 9,805 692,470 SH   SOLE   692,470 0 0
NORFOLK SOUTHERN CORP COM 655844108 953 13,112 SH   SOLE   13,112 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,470 79,900 SH   SOLE   79,900 0 0
ONYX PHARMACEUTICALS INC. COM 683399109 5,196 59,850 SH   SOLE   59,850 0 0
ORASURE TECHNOLOGIES INC. COM 68554V108 1,287 331,800 SH   SOLE   331,800 0 0
PEPSICO INC COM 713448108 2,292 28,021 SH   SOLE   28,021 0 0
PFIZER INC COM 717081103 206 7,358 SH   SOLE   7,358 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 292 3,373 SH   SOLE   3,373 0 0
POPE RESOURCES LTD - LP COM 732857107 242 3,450 SH   SOLE   3,450 0 0
POWERSHARES INS NATL MUN BND COM 73936T474 9,190 384,370 SH   SOLE   384,370 0 0
POWERSHARES SENIOR LOAN PORT COM 73936Q769 522 21,094 SH   SOLE   21,094 0 0
PPG INDUSTRIES INC COM 693506107 1,018 6,953 SH   SOLE   6,953 0 0
PROS HOLDINGS INC. COM 74346Y103 7,032 234,800 SH   SOLE   234,800 0 0
RED HAT INC COM 756577102 406 8,500 SH   SOLE   8,500 0 0
REMARK MEDIA INC. COM 75954W107 837 282,894 SH   SOLE   282,894 0 0
ROPER INDUSTRIES, INC COM 776696106 2,486 20,010 SH   SOLE   20,010 0 0
SAEXPLORATION HOLDINGS, INC. COM 78636X105 102 10,000 SH   SOLE   10,000 0 0
SANOFI (ADR) COM 80105N105 881 17,110 SH   SOLE   17,110 0 0
SANTARUS INC. COM 802817304 17,289 821,307 SH   SOLE   821,307 0 0
SCIQUEST INC COM 80908T101 971 38,750 SH   SOLE   38,750 0 0
SEACHANGE INT`L INC. COM 811699107 8,781 749,900 SH   SOLE   749,900 0 0
SIGMA-ALDRICH CORPORATION COM 826552101 290 3,600 SH   SOLE   3,600 0 0
SILVER WHEATON CORP COM 828336107 2,704 137,489 SH   SOLE   137,489 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,026 46,882 SH   SOLE   46,882 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 4,918 30,658 SH   SOLE   30,658 0 0
SPS COMMERCE INC COM 78463M107 303 5,500 SH   SOLE   5,500 0 0
STAMPS.COM INC. COM 852857200 6,854 174,000 SH   SOLE   174,000 0 0
STERICYCLE INC COM 858912108 703 6,370 SH   SOLE   6,370 0 0
SVB FINANCIAL GROUP COM 78486Q101 10,575 126,916 SH   SOLE   126,916 0 0
SYSCO CORPORATION COM 871829107 1,162 34,022 SH   SOLE   34,022 0 0
TASER INT`L INC. COM 87651B104 5,509 646,600 SH   SOLE   646,600 0 0
TILE SHOP HOLDINGS INC COM 88677Q109 1,926 66,500 SH   SOLE   66,500 0 0
TREE.COM INC. COM 894675107 492 28,700 SH   SOLE   28,700 0 0
TYLER TECHNOLOGIES, INC COM 902252105 1,416 20,650 SH   SOLE   20,650 0 0
UDR INC. COM 902653104 412 16,147 SH   SOLE   16,147 0 0
UNION PACIFIC CORP COM 907818108 3,227 20,916 SH   SOLE   20,916 0 0
VANGUARD EXTENDED MARKET ETF COM 922908652 5,123 73,360 SH   SOLE   73,360 0 0
VANGUARD REIT ETF COM 922908553 3,747 54,530 SH   SOLE   54,530 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 341 6,770 SH   SOLE   6,770 0 0
VIASAT INC. COM 92552V100 7,775 108,800 SH   SOLE   108,800 0 0
WAGEWORKS INC. COM 930427109 8,437 244,900 SH   SOLE   244,900 0 0
WESTERN UNION COM 959802109 240 14,035 SH   SOLE   14,035 0 0
WISCONSIN ENERGY CORP COM 976657106 1,151 28,084 SH   SOLE   28,084 0 0
WISDOM TREE EMERGING MARKETS COM 97717W315 5,994 124,032 SH   SOLE   124,032 0 0
WORLD ENERGY SOLUTIONS INC COM 98145W208 468 118,000 SH   SOLE   118,000 0 0
YORKVILLE HIGH INCOME MLP COM 301505103 13,119 705,124 SH   SOLE   705,124 0 0
PROSHARES SHORT RUSSELL2000 COM 74347R826 309 15,000 SH   SOLE   309 0 0