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
AT&T, INC COM 00206R102 582 17,196 SH   SOLE   0 17,196 0
AT&T, INC COM 00206R102 68 2,000 SH   DFND   0 2,000 0
ADVANCE AUTO PARTS, INC COM 00751Y106 11,819 142,950 SH   SOLE   142,950 0 0
ALNYLAM PHARM COM 02043Q107 196 3,055 SH   SOLE   0 3,055 0
ALNYLAM PHARM COM 02043Q107 32 500 SH   DFND   0 500 0
AMERICAN PUBLIC ED, INC COM 02913V103 1,035 27,374 SH   SOLE   27,374 0 0
AMERISOURCEBERGEN CORP COM 03073E105 12,269 200,800 SH   SOLE   199,300 1,500 0
AMIRA NATURE FOODS LTD COM G0335L102 346 26,750 SH   SOLE   0 26,750 0
ANNALY CAPITAL MGMT, INC COM 035710409 395 34,150 SH   SOLE   0 34,150 0
ANNALY CAPITAL MGMT, INC COM 035710409 23 2,000 SH   DFND   0 0 2,000
ANTARES PHARMA, INC COM 036642106 7,404 1,823,735 SH   SOLE   1,783,735 40,000 0
APOLLO RESIDENTIAL MTG, INC COM 03763V102 713 48,900 SH   SOLE   0 48,900 0
APTARGROUP, INC COM 038336103 1,481 24,622 SH   SOLE   0 24,622 0
BARNES & NOBLE, INC COM 067774109 5,982 462,300 SH   SOLE   462,300 0 0
BEACON ROOFING SUPPLY, INC COM 073685109 9,866 267,600 SH   SOLE   267,600 0 0
BED BATH & BEYOND, INC COM 075896100 8,278 107,000 SH   SOLE   107,000 0 0
BLACKHAWK NETWORK HLDGS, INC COM 09238E104 11,232 467,434 SH   SOLE   467,434 0 0
BLACKHAWK NETWORK HLDGS, INC COM 09238E104 240 10,000 SH   DFND   0 0 10,000
BLACKROCK MUNI ASSETS COM 09254J102 83 7,000 SH   SOLE   0 7,000 0
BLACKROCK MUNI ASSETS COM 09254J102 48 4,000 SH   DFND   0 4,000 0
BLACKSTONE GROUP, LP COM 09253U108 202 8,100 SH   SOLE   0 8,100 0
BLACKSTONE GROUP, LP COM 09253U108 75 3,000 SH   DFND   0 0 3,000
BRIDGEPOINT EDUCATION, INC COM 10807M105 1,698 94,101 SH   SOLE   94,101 0 0
CH ROBINSON WORLDWIDE, INC COM 12541W209 8,828 148,150 SH   SOLE   148,150 0 0
CVS CORP COM 126650100 342 6,020 SH   SOLE   0 6,020 0
CHURCH & DWIGHT, INC COM 171340102 696 11,585 SH   SOLE   0 11,585 0
DOVER MOTORSPORTS, INC COM 260174107 58 24,223 SH   SOLE   24,223 0 0
ECHO GLOBAL LOGISTICS, INC COM 27875T101 4,873 232,711 SH   SOLE   232,711 0 0
ENDOLOGIX, INC COM 29266S106 684 42,391 SH   DFND   0 0 42,391
EXELIXIS, INC COM 30161Q104 71 12,230 SH   DFND   0 0 12,230
EXPONENT, INC COM 30214u102 5,246 73,025 SH   SOLE   73,025 0 0
EXXON MOBIL CORP COM 30231G102 320 3,722 SH   SOLE   0 3,722 0
EXXON MOBIL CORP COM 30231G102 15 178 SH   DFND   0 0 178
FLIR SYSTEMS, INC COM 302445101 2,574 81,964 SH   SOLE   81,964 0 0
FOREST CITY ENT, INC CL A COM 345550107 219 11,550 SH   DFND   0 0 11,550
FUSE SCIENCE, INC COM 36113J106 3 37,500 SH   SOLE   0 37,500 0
GENERAC HOLDINGS, INC COM 368736104 3,437 80,600 SH   SOLE   80,600 0 0
GENERAL MOTORS COM 37045V100 520 14,450 SH   SOLE   0 14,450 0
GRAND CANYON EDUCATION, INC COM 38526M106 9,771 242,820 SH   SOLE   242,820 0 0
ICON PLC COM G4705A100 9,358 228,638 SH   SOLE   228,638 0 0
INKSURE TECH COM 45727E106 0 13,000 SH   DFND   0 0 13,000
IRONWOOD PHARMACEUTICALS COM 46333X108 233 19,662 SH   SOLE   0 19,662 0
ISHARES-MSCI BRASIL FREE INDEX COM 464286400 479 10,000 SH   SOLE   10,000 0 0
ISHARES NASDAQ BIOTECH COM 464287556 706 3,370 SH   SOLE   0 3,370 0
ISHARES RUSSELL 3000 GROWTH COM 464287671 231 3,600 SH   SOLE   0 3,600 0
ISHARES FTSE/XINHUA CHINA 25 I COM 464287184 223 6,003 SH   SOLE   0 6,003 0
ISHARES FTSE/XINHUA CHINA 25 I COM 464287184 17 447 SH   DFND   0 447 0
ISHARES TR RUSSELL 2000 GROWTH COM 464287648 353 2,805 SH   SOLE   0 2,805 0
ISIS PHARMACEUTICALS, INC COM 464330109 9,750 259,734 SH   SOLE   227,634 32,100 0
ISIS PHARMACEUTICALS, INC COM 464330109 1,993 53,100 SH   DFND   0 0 53,100
JOHNSON & JOHNSON COM 478160104 373 4,300 SH   SOLE   0 4,300 0
JOHNSON & JOHNSON COM 478160104 6 74 SH   DFND   0 0 74
KKR FINANCIAL HOLDINGS LLC COM 48248A306 177 17,119 SH   SOLE   0 17,119 0
KKR FINANCIAL HOLDINGS LLC COM 48248A306 67 6,486 SH   DFND   0 2,486 4,000
KAPSTONE PAPER & PACKAGING COR COM 48562P103 15,972 373,167 SH   SOLE   371,167 2,000 0
KAPSTONE PAPER & PACKAGING COR COM 48562P103 3,458 80,800 SH   DFND   0 0 80,800
KAYNE ANDERSON ENERGY TOTAL RE COM 48660P104 135 4,500 SH   SOLE   0 4,500 0
KAYNE ANDERSON ENERGY TOTAL RE COM 48660P104 213 7,100 SH   DFND   0 1,000 6,100
KAYNE ANDERSON MIDSTREAM/ENERG COM 48661E108 221 6,900 SH   SOLE   0 6,900 0
KAYNE ANDERSON MIDSTREAM/ENERG COM 48661E108 96 3,000 SH   DFND   0 3,000 0
LEXICON PHARMACEUTICALS, INC COM 528872104 486 204,342 SH   SOLE   204,342 0 0
LOUISIANA-PACIFIC CORP COM 546347105 3,905 222,000 SH   SOLE   222,000 0 0
MRC GLOBAL, INC COM 55345K103 4,074 152,000 SH   SOLE   152,000 0 0
MACQUARIE INFRASTRUCTURE LLC COM 55608B105 752 14,040 SH   SOLE   0 14,040 0
MACQUARIE INFRASTRUCTURE LLC COM 55608B105 169 3,156 SH   DFND   0 1,756 1,400
MARKET VECTOR GOLD MINERS ETF COM 57060U100 389 15,555 SH   SOLE   0 15,555 0
MARKET VECTOR GOLD MINERS ETF COM 57060U100 16 620 SH   DFND   0 620 0
METLIFE, INC COM 59156R108 10,329 220,000 SH   SOLE   220,000 0 0
MINDRAY MEDICAL INT'L ADR COM 602675100 211 5,425 SH   SOLE   0 5,425 0
MISTRAS GROUP COM 60649T107 6,145 361,500 SH   SOLE   361,500 0 0
MOMENTA PHARMACEUTICALS COM 60877T100 2,015 140,000 SH   SOLE   140,000 0 0
MONSANTO CO COM 61166W101 230 2,200 SH   SOLE   0 2,200 0
MOSYS, INC COM 619718109 628 168,755 SH   SOLE   168,755 0 0
MYLAN LABORATORIES COM 628530107 11,756 308,000 SH   SOLE   308,000 0 0
NEONODE, INC COM 64051M402 542 84,500 SH   SOLE   0 84,500 0
NEONODE, INC COM 64051M402 48 7,500 SH   DFND   0 7,500 0
NOKIA CORP SPONSORED ADR COM 654902204 94 14,400 SH   SOLE   0 14,400 0
NOVAVAX, INC COM 670002104 3,276 1,040,000 SH   SOLE   1,040,000 0 0
OCH-ZIFF CAPITAL MGMT GRP CL A COM 67551U105 549 50,000 SH   SOLE   0 50,000 0
OCH-ZIFF CAPITAL MGMT GRP CL A COM 67551U105 44 4,000 SH   DFND   0 0 4,000
OPENTABLE, INC COM 68372A906 1,071 15,311 SH   SOLE   0 15,311 0
PAA NATURAL GAS STORAGE, LP COM 693139107 648 27,841 SH   SOLE   27,841 0 0
PANACOS PHARMACEUTICALS, INC COM 69811Q106 0 25,000 SH   DFND   0 0 25,000
PANERA BREAD CO COM 69840W108 5,853 36,920 SH   SOLE   36,920 0 0
POLYPORE INT'L, INC COM 73179V103 8,698 212,300 SH   SOLE   211,900 400 0
PROCTER & GAMBLE COM 742718109 300 3,975 SH   SOLE   0 3,975 0
PROCTER & GAMBLE COM 742718109 76 1,000 SH   DFND   0 1,000 0
RITCHIE BROS AUCTIONEERS, INC COM 767744105 12,518 620,310 SH   SOLE   620,310 0 0
RYDEX RUSSELL TOP 50 ETF COM 78355W205 240 2,050 SH   SOLE   0 2,050 0
SAFEWAY INC COM 786514208 19,392 606,200 SH   SOLE   606,200 0 0
SANOFI-AVENTIS CONT. VALUE RT COM 80105N113 65 32,302 SH   DFND   0 0 32,302
SPDR HEALTHCARE SELECT COM 81369Y209 396 7,835 SH   SOLE   0 7,835 0
SPDR HEALTHCARE SELECT COM 81369Y209 32 629 SH   DFND   0 629 0
SENOMYX, INC COM 81724Q107 4,195 1,188,402 SH   SOLE   1,079,634 108,768 0
SENOMYX, INC COM 81724Q107 53 15,000 SH   DFND   0 0 15,000
SOLAR CAP LTD COM 83413U100 329 14,850 SH   SOLE   0 14,850 0
SOLAR CAP LTD COM 83413U100 100 4,500 SH   DFND   0 4,000 500
SPEEDWAY MOTORSPORTS, INC COM 847788106 9,767 545,639 SH   SOLE   545,639 0 0
STATE STREET CORP COM 857477103 7,758 118,000 SH   SOLE   118,000 0 0
SYMANTEC CORP COM 871503108 3,581 144,682 SH   SOLE   144,682 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 5,959 227,627 SH   SOLE   227,627 0 0
TEAM, INC COM 878155100 5,407 136,028 SH   SOLE   136,028 0 0
3M COMPANY COM 88579Y101 161 1,350 SH   SOLE   0 1,350 0
3M COMPANY COM 88579Y101 164 1,374 SH   DFND   0 1,200 174
TILE SHOP HLDGS, INC COM 88677q109 4,303 145,900 SH   SOLE   145,900 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 243 25,000 SH   SOLE   0 25,000 0
ULTA SALON COSMETICS & FRAGRAN COM 90384S303 3,464 29,000 SH   SOLE   29,000 0 0
URS CORP COM 903236107 5,724 106,500 SH   SOLE   106,500 0 0
VANGUARD DIV APPRECIATION INDX COM 921908844 793 11,390 SH   SOLE   0 11,390 0
VANGUARD DIV APPRECIATION INDX COM 921908844 39 560 SH   DFND   0 560 0
VANGUARD MSCI EMERGING MKTS COM 922042858 1,912 47,649 SH   SOLE   0 47,649 0
VANGUARD MSCI EMERGING MKTS COM 922042858 40 1,000 SH   DFND   0 1,000 0
VENTAS, INC COM 92276F100 132 2,144 SH   SOLE   0 2,144 0
VENTAS, INC COM 92276F100 154 2,500 SH   DFND   0 0 2,500
VERIZON COMMUNICATIONS COM 92343v104 273 5,844 SH   SOLE   0 5,844 0
VERIZON COMMUNICATIONS COM 92343v104 5 112 SH   DFND   0 0 112
VISA, INC COM 92826C839 340 1,780 SH   SOLE   0 1,780 0
VISA, INC COM 92826C839 191 1,000 SH   DFND   0 1,000 0
WALGREEN COM 931422109 13,800 256,500 SH   SOLE   256,000 500 0
WISDOMTREE INDIA ETF COM 97717W422 252 16,450 SH   SOLE   0 16,450 0
WISDOMTREE INDIA ETF COM 97717W422 31 2,000 SH   DFND   0 2,000 0
SPX PUT OPT 1500.0000 12212013 PUT 9EDCQC0C1 306 300 SH   SOLE   300 0 0