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
ADOBE SYSTEMS COM 00724F101 405 5,600 SH   SOLE   5,600 0 0
ISHARES CORE U.S. AGGREGATE BOND FUND COM 464287226 434 3,964 SH   SOLE   3,964 0 0
ARGAN INC. COM 04010E109 24,576 659,050 SH   SOLE   659,050 0 0
ALKERMES PLC COM G01767105 629 12,500 SH   SOLE   12,500 0 0
ANADARKO PETROLEUM CORPORATION COM 032511107 772 7,054 SH   SOLE   7,054 0 0
ANTARES PHARMA INC. COM 036642106 2,907 1,088,675 SH   SOLE   1,088,675 0 0
BALCHEM CORP COM 057665200 6,827 127,457 SH   SOLE   127,457 0 0
BLACK DIAMOND INC. COM 09202G101 20,910 1,863,613 SH   SOLE   1,863,613 0 0
POWERSHARES SENIOR LOAN PORTFOLIO COM 73936Q769 1,238 49,773 SH   SOLE   49,773 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 569 11,723 SH   SOLE   11,723 0 0
BROOKFIELD MORTGAGE OPPORTUNITY INCOME FUND COM 112792106 2,438 138,539 SH   SOLE   138,539 0 0
BERKSHIRE HATHAWAY A COM 084670108 4,178 22 SH   SOLE   22 0 0
BERKSHIRE HATHAWAY B COM 084670207 2,131 16,835 SH   SOLE   16,835 0 0
BROWN & BROWN INC COM 115236101 5,606 182,555 SH   SOLE   182,555 0 0
BLACKSTONE GROUP COM 09253U108 201 6,000 SH   SOLE   6,000 0 0
CELGENE CORPORATION COM 151020104 2,061 24,000 SH   SOLE   24,000 0 0
CARLYLE GROUP COM 14309L102 966 28,450 SH   SOLE   28,450 0 0
CORE LABORATORIES NV COM N22717107 5,649 33,815 SH   SOLE   33,815 0 0
CANTEL MEDICAL CORP COM 138098108 317 8,650 SH   SOLE   8,650 0 0
CONCUR TECHNOLOGIES, INC. COM 206708109 4,269 45,735 SH   SOLE   45,735 0 0
COOPER COMPANIES, INC COM 216648402 7,289 53,785 SH   SOLE   53,785 0 0
GLOBAL X COPPER MINERS ETF COM 37950E861 2,616 257,214 SH   SOLE   257,214 0 0
COPART INC COM 217204106 11,927 331,678 SH   SOLE   331,678 0 0
CARBO CERAMICS INC. COM 140781105 3,360 21,802 SH   SOLE   21,802 0 0
COSTAR GROUP INC COM 22160N109 7,447 47,085 SH   SOLE   47,085 0 0
CVS/CAREMARK CORPORATION COM 126650100 377 5,000 SH   SOLE   5,000 0 0
CHEVRON CORPORATION COM 166764100 427 3,270 SH   SOLE   3,270 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 707 10,811 SH   SOLE   10,811 0 0
WISDOM TREE EMERGING MARKETS EQUITY INC. COM 97717W315 7,770 149,893 SH   SOLE   149,893 0 0
DAILY JOURNAL CORP COM 233912104 5,397 26,111 SH   SOLE   26,111 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 2,100 30,722 SH   SOLE   30,722 0 0
ISHARES TR MSCI EAFE GROWTH INDEX FD COM 464288885 9,136 126,106 SH   SOLE   126,106 0 0
ELECTRONICS FOR IMAGING, INC. COM 286082102 15,842 350,495 SH   SOLE   350,495 0 0
ISHARES MSCI EAFE VALUE ETF COM 464288877 10,697 182,631 SH   SOLE   182,631 0 0
ENVESTNET INC COM 29404K106 3,988 81,520 SH   SOLE   81,520 0 0
BOTTOMLINE TECHNOLOGIES COM 101388106 9,169 306,441 SH   SOLE   306,441 0 0
EQUINIX INC COM 29444U502 241 1,145 SH   SOLE   1,145 0 0
EATON VANCE MUNICIPAL INCOME COM 27826U108 5,420 425,470 SH   SOLE   425,470 0 0
EATON VANCE PA MUNICIPAL INC. COM 27826T101 234 19,070 SH   SOLE   19,070 0 0
EATON VANCE NY MUNICIPAL INC. COM 27826W104 1,868 129,733 SH   SOLE   129,733 0 0
EXPEDITORS INTL COM 302130109 980 22,200 SH   SOLE   22,200 0 0
ABERDEEN GLOBAL INCOME FUND, INC. COM 003013109 3,470 289,649 SH   SOLE   289,649 0 0
FEI COMPANY COM 30241L109 3,026 33,350 SH   SOLE   33,350 0 0
SPDR EURO STOXX 50 FUND COM 78463X202 4,129 95,414 SH   SOLE   95,414 0 0
FRANCO-NEVADA CORP COM 351858105 6,903 120,394 SH   SOLE   120,394 0 0
FOX FACTORY HOLDING CORP COM 35138V102 3,587 203,900 SH   SOLE   203,900 0 0
GENERAL ELECTRIC COMPANY COM 369604103 472 17,961 SH   SOLE   17,961 0 0
GENERAL MILLS INC COM 370334104 1,151 21,910 SH   SOLE   21,910 0 0
GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST COM 36465E101 1,407 122,148 SH   SOLE   122,148 0 0
GOOGLE INC - CL C COM 38259P706 265 460 SH   SOLE   460 0 0
GOOGLE INC. CLASS A COM 38259P508 269 460 SH   SOLE   460 0 0
HEALTHCARE SERVICES GROUP COM 421906108 9,434 320,433 SH   SOLE   320,433 0 0
HEWLETT-PACKARD COMPANY COM 428236103 291 8,630 SH   SOLE   8,630 0 0
HERCULES TECHNOLOGY GROWTH CAPITAL INC. COM 427096508 6,535 404,392 SH   SOLE   404,392 0 0
ADVISORSHARES PERITUS HIGH YIELD ETF COM 00768Y503 9,408 176,503 SH   SOLE   176,503 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 878 4,841 SH   SOLE   4,841 0 0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND COM 464287440 979 9,450 SH   SOLE   9,450 0 0
ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF COM 464288489 3,595 111,890 SH   SOLE   111,890 0 0
IHS INC. COM 451734107 13,091 96,491 SH   SOLE   96,491 0 0
INCYTE CORP COM 45337C102 9,698 171,830 SH   SOLE   171,830 0 0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN COM 11273Q109 2,422 96,659 SH   SOLE   96,659 0 0
ISHARES S&P 500 VALUE ETF COM 464287408 1,834 20,311 SH   SOLE   20,311 0 0
ISHARES S&P 500 GROWTH ETF COM 464287309 1,662 15,797 SH   SOLE   15,797 0 0
JOHNSON & JOHNSON COM 478160104 318 3,043 SH   SOLE   3,043 0 0
KELLOGG CO COM 487836108 300 4,565 SH   SOLE   4,565 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 9,293 256,300 SH   SOLE   256,300 0 0
KINDER MORGAN ENERGY PRTNRS COM 494550106 1,915 23,300 SH   SOLE   23,300 0 0
KINDER MORGAN MANAGEMENT COM 49455U100 889 11,259 SH   SOLE   11,259 0 0
COCA-COLA CO COM 191216100 967 22,837 SH   SOLE   22,837 0 0
KRAFT FOODS GROUP INC. COM 50076Q106 221 3,690 SH   SOLE   3,690 0 0
LITTELFUSE INC COM 537008104 3,633 39,085 SH   SOLE   39,085 0 0
LIGAND PHARMACEUTICALS - CL B COM 53220K504 8,812 141,471 SH   SOLE   141,471 0 0
LKQ CORP COM 501889208 5,376 201,435 SH   SOLE   201,435 0 0
LIFELOCK, INC. COM 53224V100 10,192 730,064 SH   SOLE   730,064 0 0
LOGMEIN, INC COM 54142L109 3,944 84,601 SH   SOLE   84,601 0 0
LIBERTY PROPERTIES COM 531172104 201 5,300 SH   SOLE   5,300 0 0
LIQUIDITY SERVICES COM 53635B107 7,867 499,165 SH   SOLE   499,165 0 0
REMARK MEDIA INC. COM 75954W107 2,515 282,894 SH   SOLE   282,894 0 0
REMARK MEDIA INC (RESTRICTED) COM 75954W107 1,680 270,000 SH   SOLE   270,000 0 0
MEDICINES COMPANY COM 584688105 7,796 268,285 SH   SOLE   268,285 0 0
MONDELEZ INTERNATIONAL INC. COM 609207105 432 11,490 SH   SOLE   11,490 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 2,425 56,655 SH   SOLE   56,655 0 0
MFS INTERMEDIATE INCOME TRUST COM 55273C107 2,887 546,724 SH   SOLE   546,724 0 0
MARKETAXESS HOLDINGS INC COM 57060D108 5,201 96,210 SH   SOLE   96,210 0 0
3M CO COM 88579Y101 554 3,865 SH   SOLE   3,865 0 0
ALTRIA GROUP INC COM 02209S103 1,416 33,751 SH   SOLE   33,751 0 0
MOVADO GROUP INC. COM 624580106 3,738 89,700 SH   SOLE   89,700 0 0
ISHARES S&P NAT AMT-FREE MUN COM 464288414 432 3,980 SH   SOLE   3,980 0 0
MAXIM INTEGRATED COM 57772K101 578 17,100 SH   SOLE   17,100 0 0
MANAGED DURATION INV GRADE COM 56165R103 4,468 323,539 SH   SOLE   323,539 0 0
NATIONAL AMERICAN UNIVERSITY HOLDINGS INC. COM 63245Q105 1,017 330,129 SH   SOLE   330,129 0 0
NATIONAL AMERICAN UNIVERSITY HLDGS (FOUNDER SHS) COM 63245Q105 421 152,000 SH   SOLE   152,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,291 12,530 SH   SOLE   12,530 0 0
NETSCOUT SYSTEMS, INC. COM 64115T104 6,719 151,540 SH   SOLE   151,540 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 243 12,950 SH   SOLE   12,950 0 0
ORASURE TECHNOLOGIES INC. COM 68554V108 4,358 506,200 SH   SOLE   506,200 0 0
PIMCO DYNAMIC CREDIT INCOME FUND COM 72202D106 5,266 221,090 SH   SOLE   221,090 0 0
PEPSICO INC COM 713448108 2,139 23,942 SH   SOLE   23,942 0 0
PFIZER INC COM 717081103 218 7,358 SH   SOLE   7,358 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 230 2,727 SH   SOLE   2,727 0 0
POPE RESOURCES LTD - LP COM 732857107 940 13,770 SH   SOLE   13,770 0 0
PPG INDUSTRIES INC COM 693506107 666 3,171 SH   SOLE   3,171 0 0
PROS HOLDINGS INC. COM 74346Y103 5,923 224,000 SH   SOLE   224,000 0 0
POWERSHARES INS NATL MUN BND COM 73936T474 4,763 192,982 SH   SOLE   192,982 0 0
RED HAT INC COM 756577102 470 8,500 SH   SOLE   8,500 0 0
ROPER INDUSTRIES, INC COM 776696106 2,922 20,010 SH   SOLE   20,010 0 0
SHUTTERFLY INC. COM 82568P304 5,241 121,710 SH   SOLE   121,710 0 0
SIGMA-ALDRICH CORPORATION COM 826552101 233 2,300 SH   SOLE   2,300 0 0
SVB FINANCIAL GROUP COM 78486Q101 12,904 110,654 SH   SOLE   110,654 0 0
SILVER WHEATON CORP COM 828336107 4,930 187,650 SH   SOLE   187,650 0 0
INVENTURE FOODS, INC. COM 461212102 4,242 376,397 SH   SOLE   376,397 0 0
SYNCHRONOSS TECHNOLOGIES INC. COM 87157B103 3,956 113,150 SH   SOLE   113,150 0 0
SANOFI (ADR) COM 80105N105 250 4,710 SH   SOLE   4,710 0 0
SPECTRUM PHARMACEUTICALS INC. COM 84763A108 6,264 770,520 SH   SOLE   770,520 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 7,231 36,946 SH   SOLE   36,946 0 0
SCIQUEST INC COM 80908T101 685 38,750 SH   SOLE   38,750 0 0
STERICYCLE INC COM 858912108 754 6,370 SH   SOLE   6,370 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,296 27,600 SH   SOLE   27,600 0 0
SYSCO CORPORATION COM 871829107 669 17,851 SH   SOLE   17,851 0 0
AT&T COM 00206R102 310 8,770 SH   SOLE   8,770 0 0
TASER INT`L INC. COM 87651B104 9,595 721,460 SH   SOLE   721,460 0 0
TEVA PHARMACEUTICAL ADR COM 881624209 640 12,200 SH   SOLE   12,200 0 0
T ROWE PRICE GROUP INC. COM 74144T108 227 2,693 SH   SOLE   2,693 0 0
TUMI HOLDINGS, INC COM 89969Q104 5,058 251,250 SH   SOLE   251,250 0 0
TYLER TECHNOLOGIES, INC COM 902252105 1,838 20,150 SH   SOLE   20,150 0 0
UDR INC. COM 902653104 462 16,147 SH   SOLE   16,147 0 0
UNION PACIFIC CORP COM 907818108 4,173 41,832 SH   SOLE   41,832 0 0
VICOR CORP COM 925815102 2,592 309,300 SH   SOLE   309,300 0 0
VIASAT INC. COM 92552V100 4,356 75,150 SH   SOLE   75,150 0 0
VANGUARD EXTENDED MARKET ETF COM 922908652 1,867 21,280 SH   SOLE   21,280 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 331 6,770 SH   SOLE   6,770 0 0
WAGEWORKS INC. COM 930427109 6,940 143,950 SH   SOLE   143,950 0 0
WISCONSIN ENERGY CORP COM 976657106 1,318 28,084 SH   SOLE   28,084 0 0
WESTERN UNION COM 959802109 243 14,035 SH   SOLE   14,035 0 0
EXXON MOBIL CORP COM 30231G102 4,704 46,727 SH   SOLE   46,727 0 0
YORKVILLE HIGH INCOME MLP COM 301505103 771 41,013 SH   SOLE   41,013 0 0