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
ACCELRYS INC COM 00430U103 2,622 210,400 SH   SOLE   210,400 0 0
ADOBE SYSTEMS COM 00724F101 368 5,600 SH   SOLE   5,600 0 0
ISHARES BARCLAYS AGGREGATE COM 464287226 1,609 14,911 SH   SOLE   14,911 0 0
ARGAN INC. COM 04010E109 19,901 669,400 SH   SOLE   669,400 0 0
ALKERMES PLC COM G01767105 551 12,500 SH   SOLE   12,500 0 0
ANADARKO PETROLEUM CORPORATION COM 032511107 598 7,054 SH   SOLE   7,054 0 0
ANTARES PHARMA INC. COM 036642106 3,012 860,575 SH   SOLE   860,575 0 0
AMERICAN VANGUARD CORPORATION COM 030371108 1,410 65,125 SH   SOLE   65,125 0 0
BALCHEM CORP COM 057665200 6,884 132,072 SH   SOLE   132,072 0 0
BLACK DIAMOND INC. COM 09202G101 22,832 1,866,913 SH   SOLE   1,866,913 0 0
POWERSHARES SENIOR LOAN PORTFOLIO COM 73936Q769 779 31,412 SH   SOLE   31,412 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 609 11,723 SH   SOLE   11,723 0 0
BERKSHIRE HATHAWAY A COM 084670108 4,122 22 SH   SOLE   22 0 0
BERKSHIRE HATHAWAY B COM 084670207 2,104 16,835 SH   SOLE   16,835 0 0
BROWN & BROWN INC COM 115236101 5,928 192,720 SH   SOLE   192,720 0 0
CELGENE CORPORATION COM 151020104 1,382 9,900 SH   SOLE   9,900 0 0
CARLYLE GROUP COM 14309L102 1,000 28,450 SH   SOLE   28,450 0 0
CORE LABORATORIES NV COM N22717107 5,941 29,940 SH   SOLE   29,940 0 0
CANTEL MEDICAL CORP COM 138098108 292 8,650 SH   SOLE   8,650 0 0
CONCUR TECHNOLOGIES, INC. COM 206708109 4,563 46,055 SH   SOLE   46,055 0 0
COOPER COMPANIES, INC COM 216648402 7,985 58,135 SH   SOLE   58,135 0 0
COPART INC COM 217204106 12,039 330,838 SH   SOLE   330,838 0 0
CARBO CERAMICS INC. COM 140781105 3,493 25,312 SH   SOLE   25,312 0 0
COSTAR GROUP INC COM 22160N109 9,252 49,545 SH   SOLE   49,545 0 0
CVS/CAREMARK CORPORATION COM 126650100 374 5,000 SH   SOLE   5,000 0 0
CHEVRON CORPORATION COM 166764100 389 3,270 SH   SOLE   3,270 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 730 10,873 SH   SOLE   10,873 0 0
WISDOM TREE EMERGING MARKETS EQUITY INC. COM 97717W315 6,405 130,531 SH   SOLE   130,531 0 0
DAILY JOURNAL CORP COM 233912104 4,516 26,111 SH   SOLE   26,111 0 0
DORMAN PRODUCTS INC. COM 258278100 7,002 118,564 SH   SOLE   118,564 0 0
DATAWATCH CORP COM 237917208 271 10,000 SH   SOLE   10,000 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 2,277 33,886 SH   SOLE   33,886 0 0
ISHARES TR MSCI EAFE GROWTH INDEX FD COM 464288885 11,602 163,521 SH   SOLE   163,521 0 0
ELECTRONICS FOR IMAGING, INC. COM 286082102 15,469 357,175 SH   SOLE   357,175 0 0
ISHARES MSCI EAFE VALUE ETF COM 464288877 11,766 204,349 SH   SOLE   204,349 0 0
ENVESTNET INC COM 29404K106 4,490 111,750 SH   SOLE   111,750 0 0
BOTTOMLINE TECHNOLOGIES COM 101388106 7,070 201,135 SH   SOLE   201,135 0 0
EPIQ SYSTEMS INC COM 26882D109 1,424 104,500 SH   SOLE   104,500 0 0
EQUINIX INC COM 29444U502 212 1,145 SH   SOLE   1,145 0 0
EATON VANCE MUNICIPAL INCOME COM 27826U108 5,149 430,905 SH   SOLE   430,905 0 0
EATON VANCE PA MUNICIPAL INC. COM 27826T101 229 19,070 SH   SOLE   19,070 0 0
EATON VANCE NY MUNICIPAL INC. COM 27826W104 1,783 129,733 SH   SOLE   129,733 0 0
EXPEDITORS INTL COM 302130109 880 22,200 SH   SOLE   22,200 0 0
ABERDEEN GLOBAL INCOME FUND, INC. COM 003013109 772 71,142 SH   SOLE   71,142 0 0
FEI COMPANY COM 30241L109 4,409 42,800 SH   SOLE   42,800 0 0
FRANCO-NEVADA CORP COM 351858105 5,575 121,574 SH   SOLE   121,574 0 0
FOX FACTORY HOLDING CORP COM 35138V102 2,074 109,750 SH   SOLE   109,750 0 0
GENERAL ELECTRIC COMPANY COM 369604103 465 17,961 SH   SOLE   17,961 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 1,667 25,200 SH   SOLE   25,200 0 0
GENERAL MILLS INC COM 370334104 1,266 24,435 SH   SOLE   24,435 0 0
GOOGLE INC. CLASS A COM 38259P508 513 460 SH   SOLE   460 0 0
HEALTHCARE SERVICES GROUP COM 421906108 11,465 394,543 SH   SOLE   394,543 0 0
HEWLETT-PACKARD COMPANY COM 428236103 279 8,630 SH   SOLE   8,630 0 0
HERCULES TECHNOLOGY GROWTH CAPITAL INC. COM 427096508 6,556 465,922 SH   SOLE   465,922 0 0
ADVISORSHARES PERITUS HIGH YIELD ETF COM 00768Y503 9,453 179,707 SH   SOLE   179,707 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 1,124 5,841 SH   SOLE   5,841 0 0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND COM 464287440 1,586 15,586 SH   SOLE   15,586 0 0
IHS INC. COM 451734107 13,093 107,761 SH   SOLE   107,761 0 0
INCYTE CORP COM 45337C102 9,519 177,850 SH   SOLE   177,850 0 0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN COM 11273Q109 342 16,017 SH   SOLE   16,017 0 0
ISHARES S&P 500 VALUE ETF COM 464287408 1,765 20,311 SH   SOLE   20,311 0 0
ISHARES S&P 500 GROWTH ETF COM 464287309 1,677 16,798 SH   SOLE   16,798 0 0
JOHNSON & JOHNSON COM 478160104 299 3,043 SH   SOLE   3,043 0 0
KELLOGG CO COM 487836108 286 4,565 SH   SOLE   4,565 0 0
ISHARES MSCI USA ESG SELECT COM 464288802 220 2,823 SH   SOLE   2,823 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 5,903 181,700 SH   SOLE   181,700 0 0
KINDER MORGAN ENERGY PRTNRS COM 494550106 1,745 23,600 SH   SOLE   23,600 0 0
KINDER MORGAN MANAGEMENT COM 49455U100 1,757 24,512 SH   SOLE   24,512 0 0
COCA-COLA CO COM 191216100 883 22,837 SH   SOLE   22,837 0 0
KRAFT FOODS GROUP INC. COM 50076Q106 207 3,690 SH   SOLE   3,690 0 0
LITTELFUSE INC COM 537008104 3,704 39,560 SH   SOLE   39,560 0 0
LIGAND PHARMACEUTICALS - CL B COM 53220K504 9,797 145,641 SH   SOLE   145,641 0 0
LKQ CORP COM 501889208 7,864 298,430 SH   SOLE   298,430 0 0
LIFELOCK, INC. COM 53224V100 13,197 771,324 SH   SOLE   771,324 0 0
LIQUIDITY SERVICES COM 53635B107 6,490 249,135 SH   SOLE   249,135 0 0
REMARK MEDIA INC. COM 75954W107 1,559 282,894 SH   SOLE   282,894 0 0
MEDICINES COMPANY COM 584688105 4,566 160,675 SH   SOLE   160,675 0 0
MONDELEZ INTERNATIONAL INC. COM 609207105 397 11,490 SH   SOLE   11,490 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 3,099 57,025 SH   SOLE   57,025 0 0
MEASUREMENT SPECIALTIES, INC COM 583421102 909 13,400 SH   SOLE   13,400 0 0
MARKETAXESS HOLDINGS INC COM 57060D108 7,149 120,720 SH   SOLE   120,720 0 0
3M CO COM 88579Y101 577 4,250 SH   SOLE   4,250 0 0
ALTRIA GROUP INC COM 02209S103 1,263 33,751 SH   SOLE   33,751 0 0
MOVADO GROUP INC. COM 624580106 4,145 91,000 SH   SOLE   91,000 0 0
ISHARES S&P NAT AMT-FREE MUN COM 464288414 6,210 58,005 SH   SOLE   58,005 0 0
MAXIM INTEGRATED COM 57772K101 566 17,100 SH   SOLE   17,100 0 0
NATIONAL AMERICAN UNIVERSITY HLDGS (FOUNDER SHS) COM 63245Q105 2,208 582,899 SH   SOLE   582,899 0 0
NEW MOUNTAIN FINANCE CORP COM 647551100 9,739 669,320 SH   SOLE   669,320 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,218 12,530 SH   SOLE   12,530 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 475 27,650 SH   SOLE   27,650 0 0
ORASURE TECHNOLOGIES INC. COM 68554V108 4,667 585,550 SH   SOLE   585,550 0 0
PIMCO DYNAMIC CREDIT INCOME FUND COM 72202D106 4,897 216,689 SH   SOLE   216,689 0 0
PEPSICO INC COM 713448108 1,999 23,942 SH   SOLE   23,942 0 0
PFIZER INC COM 717081103 236 7,358 SH   SOLE   7,358 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 223 2,727 SH   SOLE   2,727 0 0
POPE RESOURCES LTD - LP COM 732857107 894 12,970 SH   SOLE   12,970 0 0
PPG INDUSTRIES INC COM 693506107 633 3,274 SH   SOLE   3,274 0 0
PROS HOLDINGS INC. COM 74346Y103 7,165 227,400 SH   SOLE   227,400 0 0
POWERSHARES INS NATL MUN BND COM 73936T474 7,483 310,222 SH   SOLE   310,222 0 0
RED HAT INC COM 756577102 450 8,500 SH   SOLE   8,500 0 0
ROPER INDUSTRIES, INC COM 776696106 2,672 20,010 SH   SOLE   20,010 0 0
SEACHANGE INT`L INC. COM 811699107 7,720 739,450 SH   SOLE   739,450 0 0
SIGMA-ALDRICH CORPORATION COM 826552101 215 2,300 SH   SOLE   2,300 0 0
SVB FINANCIAL GROUP COM 78486Q101 13,973 108,504 SH   SOLE   108,504 0 0
SILVER WHEATON CORP COM 828336107 2,928 128,970 SH   SOLE   128,970 0 0
INVENTURE FOODS, INC. COM 461212102 5,403 386,477 SH   SOLE   386,477 0 0
SYNCHRONOSS TECHNOLOGIES INC. COM 87157B103 3,957 115,400 SH   SOLE   115,400 0 0
SANOFI (ADR) COM 80105N105 895 17,110 SH   SOLE   17,110 0 0
SPECTRUM PHARMACEUTICALS INC. COM 84763A108 4,292 547,404 SH   SOLE   547,404 0 0
SPS COMMERCE INC COM 78463M107 338 5,500 SH   SOLE   5,500 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 7,428 39,719 SH   SOLE   39,719 0 0
SCIQUEST INC COM 80908T101 1,047 38,750 SH   SOLE   38,750 0 0
STERICYCLE INC COM 858912108 724 6,370 SH   SOLE   6,370 0 0
STAMPS.COM INC. COM 852857200 5,177 154,250 SH   SOLE   154,250 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,036 27,600 SH   SOLE   27,600 0 0
SYSCO CORPORATION COM 871829107 1,078 29,847 SH   SOLE   29,847 0 0
AT&T COM 00206R102 308 8,770 SH   SOLE   8,770 0 0
TASER INT`L INC. COM 87651B104 13,709 749,550 SH   SOLE   749,550 0 0
TEVA PHARMACEUTICAL ADR COM 881624209 645 12,200 SH   SOLE   12,200 0 0
T ROWE PRICE GROUP INC. COM 74144T108 222 2,693 SH   SOLE   2,693 0 0
TUMI HOLDINGS, INC COM 89969Q104 4,751 209,950 SH   SOLE   209,950 0 0
TYLER TECHNOLOGIES, INC COM 902252105 1,686 20,150 SH   SOLE   20,150 0 0
CVR PARTNERS LP COM 126633106 424 20,000 SH   SOLE   20,000 0 0
UDR INC. COM 902653104 417 16,147 SH   SOLE   16,147 0 0
UNION PACIFIC CORP COM 907818108 3,925 20,916 SH   SOLE   20,916 0 0
VICOR CORP COM 925815102 2,792 273,724 SH   SOLE   273,724 0 0
VIASAT INC. COM 92552V100 4,940 71,550 SH   SOLE   71,550 0 0
VANGUARD EXTENDED MARKET ETF COM 922908652 8,477 99,754 SH   SOLE   99,754 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 322 6,770 SH   SOLE   6,770 0 0
WAGEWORKS INC. COM 930427109 8,276 147,500 SH   SOLE   147,500 0 0
WISCONSIN ENERGY CORP COM 976657106 1,307 28,084 SH   SOLE   28,084 0 0
WESTERN UNION COM 959802109 230 14,035 SH   SOLE   14,035 0 0
EXXON MOBIL CORP COM 30231G102 4,564 46,727 SH   SOLE   46,727 0 0
YORKVILLE HIGH INCOME MLP COM 301505103 790 44,076 SH   SOLE   44,076 0 0