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
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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
AK Steel Holding Corp. COM 001547108 1,152 112,838 SH   SOLE   112,838 0 0
Alere, Inc. COM 01449J105 16,049 411,817 SH   SOLE   411,817 0 0
Alibaba Group Holdings, Ltd. COM 01609W102 998 11,370 SH   SOLE   11,370 0 0
Alphabet, Inc. - Class C COM 02079K107 11,218 14,535 SH   SOLE   13,435 0 1,100
Amazon.com, Inc. COM 023135106 9,706 12,944 SH   SOLE   11,998 0 946
Apache Corp. COM 037411105 5,269 83,021 SH   SOLE   76,861 0 6,160
Apple Computer, Inc. COM 037833100 7,780 67,169 SH   SOLE   61,804 0 5,365
Applied Micro Circuits Corp. COM 03822w406 4,157 503,850 SH   SOLE   503,850 0 0
Arch Coal, Inc. COM 039380407 1,139 14,592 SH   SOLE   14,592 0 0
Ares Capital Corp. COM 04010L103 516 31,285 SH   SOLE   31,285 0 0
Baker Hughes, Inc. COM 057224107 1,012 15,581 SH   SOLE   15,581 0 0
Bank of America Corp. COM 060505104 13,695 619,684 SH   SOLE   573,484 0 46,200
Biogen, Inc. COM 09062X103 2,369 8,355 SH   SOLE   7,740 0 615
Birmingham Bloomfield Bancshar COM 091112102 1,009 62,067 SH   SOLE   62,067 0 0
Blue Nile, Inc. COM 09578R103 9,657 237,680 SH   SOLE   237,680 0 0
Brocade Communications Systems COM 111621306 50,423 4,037,084 SH   SOLE   4,037,084 0 0
CF Industries Holdings, Inc. COM 125269100 1,707 54,226 SH   SOLE   54,226 0 0
CLARCOR, Inc. COM 179895107 5,596 67,851 SH   SOLE   67,851 0 0
CST Brands, Inc. COM 12646R105 53,796 1,117,257 SH   SOLE   1,117,257 0 0
Callon Petroleum Co. COM 13123X102 1,484 96,580 SH   SOLE   96,580 0 0
Cascade Bancorp COM 147154207 14,643 1,803,345 SH   SOLE   1,803,345 0 0
Charles Schwab Corp. COM 808513105 3,683 93,310 SH   SOLE   86,300 0 7,010
Chemtura Corp. COM 163893209 48,833 1,470,883 SH   SOLE   1,470,883 0 0
Citigroup Inc. COM 172967424 4,156 69,935 SH   SOLE   64,715 0 5,220
CoStar Group, Inc. COM 22160N109 3,111 16,505 SH   SOLE   15,278 0 1,227
Coach, Inc. COM 189754104 2,615 74,666 SH   SOLE   68,859 0 5,807
CommerceHub, Inc. - Series C COM 20084V306 564 37,500 SH   SOLE   37,500 0 0
Concho Resources, Inc. COM 20605P101 3,095 23,341 SH   SOLE   21,553 0 1,788
Constellation Brands Inc. COM 21036P108 1,252 8,165 SH   SOLE   8,165 0 0
Costco Wholesale Corp. COM 22160K105 7,645 47,750 SH   SOLE   44,196 0 3,554
DCB Financial Corp. COM 233075100 1,382 74,501 SH   SOLE   74,501 0 0
Danaher Corp. COM 235851102 1,567 20,134 SH   SOLE   20,134 0 0
Datalink Corp. COM 237934104 5,513 489,586 SH   SOLE   489,586 0 0
EOG Resources, Inc. COM 26875P101 6,239 61,711 SH   SOLE   56,682 0 5,029
Edwards Lifesciences Corp. COM 28176E108 993 10,593 SH   SOLE   10,593 0 0
Electronic Arts, Inc. COM 285512109 2,754 34,965 SH   SOLE   32,345 0 2,620
Endurance Specialty Holdings L COM G30397106 84,225 911,531 SH   SOLE   911,531 0 0
EverBank Financial Corp. COM 29977G102 47,922 2,463,865 SH   SOLE   2,463,865 0 0
Facebook, Inc.-A COM 30303M102 8,275 71,925 SH   SOLE   66,562 0 5,363
G & K Services, Inc. COM 361268105 12,134 125,801 SH   SOLE   125,801 0 0
Gastar Exploration, Inc. COM 36729W202 1,328 856,655 SH   SOLE   856,655 0 0
Georgetown Bancorp, Inc. COM 372591107 4,395 170,016 SH   SOLE   170,016 0 0
Goldman Sachs Group, Inc. COM 38141G104 15,632 65,281 SH   SOLE   60,386 0 4,895
Harman International Industrie COM 413086109 72,901 655,821 SH   SOLE   655,821 0 0
Heritage Oaks Bancorp COM 42724R107 10,655 864,124 SH   SOLE   864,124 0 0
Hershey Company/The COM 427866108 1,073 10,370 SH   SOLE   10,370 0 0
Honeywell International, Inc. COM 438516106 1,601 13,821 SH   SOLE   13,821 0 0
Humana, Inc. COM 444859102 21,201 103,909 SH   SOLE   99,509 0 4,400
Incyte Corp. COM 45337C102 3,642 36,325 SH   SOLE   33,623 0 2,702
Intersil Corp. COM 46069S109 33,726 1,512,382 SH   SOLE   1,512,382 0 0
InvenSense, Inc. COM 46123D205 2,558 200,000 SH   SOLE   200,000 0 0
Johnson Controls International COM G51502105 1,455 35,312 SH   SOLE   35,312 0 0
Jones Energy, Inc. COM 48019R108 309 61,750 SH   SOLE   61,750 0 0
Key Energy Services, Inc. COM 49309J103 958 29,999 SH   SOLE   29,999 0 0
Key Energy Services, Inc. COM 492914106 1,241 38,839 SH   SOLE   38,839 0 0
LSC Communications Inc. COM 50218P107 1,568 52,838 SH   SOLE   52,838 0 0
Lake Sunapee Bank Group COM 510866106 2,092 88,700 SH   SOLE   88,700 0 0
Level 3 Communications, Inc. COM 52729N308 12,482 221,477 SH   SOLE   221,477 0 0
Liberty Broadband - A COM 530307107 1,233 17,015 SH   SOLE   15,589 0 1,426
Liberty Broadband - C COM 530307305 2,087 28,174 SH   SOLE   26,187 0 1,987
Liberty Media Corp.-Liberty Fo COM 531229870 2,107 67,209 SH   SOLE   62,182 0 5,027
Liberty Sirius Group - Series COM 531229409 3,971 115,038 SH   SOLE   106,295 0 8,743
Liberty Sirius Group - Series COM 531229607 4,167 122,838 SH   SOLE   113,778 0 9,060
Liberty Ventures - Series A COM 53071M856 550 14,920 SH   SOLE   14,920 0 0
Lifelock, Inc. COM 53224V100 40,565 1,695,843 SH   SOLE   1,695,843 0 0
Linear Technology Corp. COM 535678106 75,123 1,204,856 SH   SOLE   1,204,856 0 0
Lockheed Martin Corporation COM 539830109 2,732 10,930 SH   SOLE   10,116 0 814
Lonestar Resources US, Inc. - COM 54240F103 1,708 200,000 SH   SOLE   200,000 0 0
Marathon Oil Corp. COM 565849106 1,264 73,035 SH   SOLE   67,870 0 5,165
Mastercard Inc. - Class A COM 57636Q104 8,005 77,526 SH   SOLE   71,696 0 5,830
Mellanox Technologies, Ltd. COM M51363113 2,341 57,233 SH   SOLE   52,903 0 4,330
Mentor Graphics, Inc. COM 587200106 53,596 1,452,857 SH   SOLE   1,452,857 0 0
Microsoft Corp. COM 594918104 2,417 38,889 SH   SOLE   37,068 0 1,821
Middleby Corp. COM 596278101 1,935 15,025 SH   SOLE   13,885 0 1,140
PayPal Holdings, Inc. COM 70450Y103 1,532 38,823 SH   SOLE   36,122 0 2,701
Pioneer Natural Resources Comp COM 723787107 6,536 36,297 SH   SOLE   33,355 0 2,942
Potash Corporation of Saskatch COM 73755L107 2,056 113,645 SH   SOLE   113,645 0 0
Priceline Group, Inc./The COM 741503403 3,585 2,445 SH   SOLE   2,268 0 177
Qualcomm, Inc. COM 747525103 2,616 40,123 SH   SOLE   37,132 0 2,991
Rowan Companies, Inc. COM G7665A101 397 21,000 SH   SOLE   21,000 0 0
Ryanair Holdings Plc - SP ADR COM 783513203 1,086 13,045 SH   SOLE   12,095 0 950
Salesforce.com, Inc. COM 79466L302 7,668 112,006 SH   SOLE   103,595 0 8,411
Sandridge Energy, Inc. COM 80007P869 1,033 43,855 SH   SOLE   43,855 0 0
Southeastern Bank Financial Co COM 841584105 25,945 408,844 SH   SOLE   408,844 0 0
Southwest Bancorp, Inc. COM 844767103 2,579 88,914 SH   SOLE   88,914 0 0
Spectra Energy Corp. COM 847560109 67,210 1,635,667 SH   SOLE   1,635,667 0 0
St. Jude Medical, Inc. COM 790849103 99,602 1,242,078 SH   SOLE   1,242,078 0 0
Starbucks Corp. COM 855244109 2,730 49,174 SH   SOLE   44,919 0 4,255
Suffolk Bancorp COM 864739107 2,027 47,345 SH   SOLE   47,345 0 0
TETRA Technologies, Inc. COM 88162F105 1,402 279,215 SH   SOLE   279,215 0 0
TJX Company, Inc. COM 872540109 5,693 75,770 SH   SOLE   70,018 0 5,752
Team Health Holdings, Inc. COM 87817A107 28,080 646,250 SH   SOLE   646,250 0 0
Travelport Worldwide, Ltd. COM G9019D104 588 41,700 SH   SOLE   41,700 0 0
Twilio Inc. COM 90138F102 1,109 38,434 SH   SOLE   35,523 0 2,911
Ultimate Software Group, Inc. COM 90385D107 1,372 7,524 SH   SOLE   6,968 0 556
Union Pacific Corp. COM 907818108 3,386 32,655 SH   SOLE   31,049 0 1,606
United States Steel Corp. COM 912909108 282 8,550 SH   SOLE   8,550 0 0
Universal American Corp. COM 91338E101 4,738 476,211 SH   SOLE   476,211 0 0
Vistra Energy Corp. COM 92840M102 388 25,000 SH   SOLE   25,000 0 0
Walt Disney Company/The COM 254687106 5,759 55,254 SH   SOLE   51,058 0 4,196
Weatherford International, Plc COM G48833100 336 67,280 SH   SOLE   67,280 0 0
WhiteWave Foods Company COM 966244105 95,556 1,718,642 SH   SOLE   1,718,642 0 0
Yadkin Financial Corp. COM 984305102 64,534 1,883,665 SH   SOLE   1,883,665 0 0
lululemon athletica, Inc. COM 550021109 2,250 34,615 SH   SOLE   32,305 0 2,310