Financial Advantage 13FHR Quarterly holdings report by institutional manager | SEC 9 May 14

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

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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
3M CO	COM	88579Y101	4,104	30,255	SH		SOLE	NONE	0	0	30,255
ABERDEEN ASIA PACIFIC INCOM	COM	003009107	66	10,838	SH		SOLE	NONE	0	0	10,838
AFLAC INC	COM	001055102	20	323	SH		SOLE	NONE	0	0	323
ALTRIA GROUP INC	COM	02209S103	22	600	SH		SOLE	NONE	0	0	600
AMERICAN ELEC PWR INC	COM	025537101	101	2,000	SH		SOLE	NONE	0	0	2,000
AMERICAN EXPRESS CO	COM	025816109	61	680	SH		SOLE	NONE	0	0	680
ANADARKO PETE CORP	COM	032511107	8	100	SH		SOLE	NONE	0	0	100
ANNALY CAP MGMT INC	COM	035710409	18	1,640	SH		SOLE	NONE	0	0	1,640
APACHE CORP	COM	037411105	4,549	54,840	SH		SOLE	NONE	0	0	54,840
APPLE INC	COM	037833100	120	223	SH		SOLE	NONE	0	0	223
ASHLAND INC NEW	COM	044209104	2	16	SH		SOLE	NONE	0	0	16
AT&T INC	COM	00206R102	521	14,844	SH		SOLE	NONE	0	0	14,844
BANK OF NEW YORK MELLON CORP	COM	064058100	55	1,550	SH		SOLE	NONE	0	0	1,550
BB&T CORP	COM	054937107	56	1,400	SH		SOLE	NONE	0	0	1,400
BECTON DICKINSON & CO	COM	075887109	94	800	SH		SOLE	NONE	0	0	800
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	94	750	SH		SOLE	NONE	0	0	750
BLACKROCK HEALTH SCIENCES TR	COM	09250W107	54	1,450	SH		SOLE	NONE	0	0	1,450
BLACKSTONE MTG TR INC	COM CL A	09257W100	3,081	107,179	SH		SOLE	NONE	0	0	107,179
BOEING CO	COM	097023105	2	12	SH		SOLE	NONE	0	0	12
BRISTOL MYERS SQUIBB CO	COM	110122108	23	450	SH		SOLE	NONE	0	0	450
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	12	300	SH		SOLE	NONE	0	0	300
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	0	12	SH		SOLE	NONE	0	0	12
BROOKFIELD PPTY PARTNERS L P	UNIT LTD PARTN	G16249107	0	17	SH		SOLE	NONE	0	0	17
CAMBRIA ETF TR	CAMBRIA FGN SHR	132061300	8,675	332,626	SH		SOLE	NONE	0	0	332,626
CANADIAN NATL RY CO	COM	136375102	11	200	SH		SOLE	NONE	0	0	200
CELGENE CORP	COM	151020104	14	100	SH		SOLE	NONE	0	0	100
CENTRAL GOLDTRUST	TR UNIT	153546106	193	4,260	SH		SOLE	NONE	0	0	4,260
CENTURYLINK INC	COM	156700106	4	126	SH		SOLE	NONE	0	0	126
CHESAPEAKE ENERGY CORP	COM	165167107	2	77	SH		SOLE	NONE	0	0	77
CHEVRON CORP NEW	COM	166764100	18	150	SH		SOLE	NONE	0	0	150
CISCO SYS INC	COM	17275R102	4,391	195,889	SH		SOLE	NONE	0	0	195,889
COACH INC	COM	189754104	2,522	50,795	SH		SOLE	NONE	0	0	50,795
COCA COLA CO	COM	191216100	50	1,304	SH		SOLE	NONE	0	0	1,304
COMCAST CORP NEW	CL A	20030N101	44	876	SH		SOLE	NONE	0	0	876
CONOCOPHILLIPS	COM	20825C104	22	310	SH		SOLE	NONE	0	0	310
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	99	3,700	SH		SOLE	NONE	0	0	3,700
CSX CORP	COM	126408103	43	1,498	SH		SOLE	NONE	0	0	1,498
DENTSPLY INTL INC NEW	COM	249030107	9	200	SH		SOLE	NONE	0	0	200
DISNEY WALT CO	COM DISNEY	254687106	125	1,566	SH		SOLE	NONE	0	0	1,566
DOMINION RES INC VA NEW	COM	25746U109	38	530	SH		SOLE	NONE	0	0	530
DOW CHEM CO	COM	260543103	14	280	SH		SOLE	NONE	0	0	280
DU PONT E I DE NEMOURS & CO	COM	263534109	13	200	SH		SOLE	NONE	0	0	200
EAGLE BANCORP INC MD	COM	268948106	236	6,540	SH		SOLE	NONE	0	0	6,540
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	187	12,367	SH		SOLE	NONE	0	0	12,367
EMPIRE ST RLTY OP L P	UNIT LTD PRTNSP	292102100	8	562	SH		SOLE	NONE	0	0	562
EQT CORP	COM	26884L109	53	550	SH		SOLE	NONE	0	0	550
EXPRESS SCRIPTS HLDG CO	COM	30219G108	9	116	SH		SOLE	NONE	0	0	116
EXXON MOBIL CORP	COM	30231G102	633	6,479	SH		SOLE	NONE	0	0	6,479
FACEBOOK INC	CL A	30303M102	60	1,000	SH		SOLE	NONE	0	0	1,000
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	14	124	SH		SOLE	NONE	0	0	124
FIRSTHAND TECH VALUE FD INC	COM	33766Y100	4	191	SH		SOLE	NONE	0	0	191
FORD MTR CO DEL	COM PAR $0.01	345370860	4	235	SH		SOLE	NONE	0	0	235
FRONTIER COMMUNICATIONS CORP	COM	35906A108	4	656	SH		SOLE	NONE	0	0	656
FULTON FINL CORP PA	COM	360271100	10	800	SH		SOLE	NONE	0	0	800
GENERAL ELECTRIC CO	COM	369604103	7	286	SH		SOLE	NONE	0	0	286
GOOGLE INC	CL A	38259P508	5,472	4,910	SH		SOLE	NONE	0	0	4,910
HARLEY DAVIDSON INC	COM	412822108	33	500	SH		SOLE	NONE	0	0	500
HCC INS HLDGS INC	COM	404132102	7,131	156,754	SH		SOLE	NONE	0	0	156,754
HILLENBRAND INC	COM	431571108	10	300	SH		SOLE	NONE	0	0	300
HILLSHIRE BRANDS CO	COM	432589109	3	80	SH		SOLE	NONE	0	0	80
HOME DEPOT INC	COM	437076102	2	25	SH		SOLE	NONE	0	0	25
HUBBELL INC	CL A	443510102	67	600	SH		SOLE	NONE	0	0	600
HUBBELL INC	CL B	443510201	10	82	SH		SOLE	NONE	0	0	82
INTEL CORP	COM	458140100	22	854	SH		SOLE	NONE	0	0	854
INTERNATIONAL BUSINESS MACHS	COM	459200101	167	867	SH		SOLE	NONE	0	0	867
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	38	400	SH		SOLE	NONE	0	0	400
INTUITIVE SURGICAL INC	COM NEW	46120E602	61	140	SH		SOLE	NONE	0	0	140
ISHARES GOLD TRUST	ISHARES	464285105	185	14,898	SH		SOLE	NONE	0	0	14,898
ISHARES TR	NA TEC-SFTWR ETF	464287515	8,495	102,027	SH		SOLE	NONE	0	0	102,027
ISHARES TR	MBS ETF	464288588	51	480	SH		SOLE	NONE	0	0	480
JOHNSON & JOHNSON	COM	478160104	106	1,080	SH		SOLE	NONE	0	0	1,080
KINDER MORGAN ENERGY PARTNER	UT LTD PARTNER	494550106	11	150	SH		SOLE	NONE	0	0	150
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	6,502	90,720	SH		SOLE	NONE	0	0	90,720
KRAFT FOODS GROUP INC	COM	50076Q106	12	216	SH		SOLE	NONE	0	0	216
LAZARD LTD	SHS A	G54050102	4,641	98,558	SH		SOLE	NONE	0	0	98,558
LOCKHEED MARTIN CORP	COM	539830109	13	81	SH		SOLE	NONE	0	0	81
LSI CORPORATION	COM	502161102	1	58	SH		SOLE	NONE	0	0	58
MARATHON OIL CORP	COM	565849106	4	99	SH		SOLE	NONE	0	0	99
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	24	1,016	SH		SOLE	NONE	0	0	1,016
MCCORMICK & CO INC	COM NON VTG	579780206	65	908	SH		SOLE	NONE	0	0	908
MCCORMICK & CO INC	COM VTG	579780107	3	40	SH		SOLE	NONE	0	0	40
MCDONALDS CORP	COM	580135101	10	100	SH		SOLE	NONE	0	0	100
MEDIFAST INC	COM	58470H101	5	180	SH		SOLE	NONE	0	0	180
MERCK & CO INC NEW	COM	58933Y105	4,363	76,862	SH		SOLE	NONE	0	0	76,862
MICROS SYS INC	COM	594901100	213	4,028	SH		SOLE	NONE	0	0	4,028
MICROSOFT CORP	COM	594918104	66	1,602	SH		SOLE	NONE	0	0	1,602
MONDELEZ INTL INC	CL A	609207105	22	650	SH		SOLE	NONE	0	0	650
MYRIAD GENETICS INC	COM	62855J104	27	800	SH		SOLE	NONE	0	0	800
NEWMONT MINING CORP	COM	651639106	5	200	SH		SOLE	NONE	0	0	200
NEWPARK RES INC	COM PAR $.01NEW	651718504	6	500	SH		SOLE	NONE	0	0	500
NEXTERA ENERGY INC	COM	65339F101	130	1,364	SH		SOLE	NONE	0	0	1,364
NORFOLK SOUTHERN CORP	COM	655844108	14	139	SH		SOLE	NONE	0	0	139
NORTHEAST UTILS	COM	664397106	4	79	SH		SOLE	NONE	0	0	79
PEPCO HOLDINGS INC	COM	713291102	24	1,150	SH		SOLE	NONE	0	0	1,150
PEPSICO INC	COM	713448108	22	260	SH		SOLE	NONE	0	0	260
PFIZER INC	COM	717081103	3	83	SH		SOLE	NONE	0	0	83
PHILIP MORRIS INTL INC	COM	718172109	12	143	SH		SOLE	NONE	0	0	143
PHILLIPS 66	COM	718546104	12	155	SH		SOLE	NONE	0	0	155
PIONEER NAT RES CO	COM	723787107	10	52	SH		SOLE	NONE	0	0	52
PLUM CREEK TIMBER CO INC	COM	729251108	4,456	105,991	SH		SOLE	NONE	0	0	105,991
PNC FINL SVCS GROUP INC	COM	693475105	43	493	SH		SOLE	NONE	0	0	493
PRICE T ROWE GROUP INC	COM	74144T108	172	2,092	SH		SOLE	NONE	0	0	2,092
PROCTER & GAMBLE CO	COM	742718109	8	100	SH		SOLE	NONE	0	0	100
PRUDENTIAL FINL INC	COM	744320102	19	230	SH		SOLE	NONE	0	0	230
QUEST DIAGNOSTICS INC	COM	74834L100	2,585	44,622	SH		SOLE	NONE	0	0	44,622
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	85	1,165	SH		SOLE	NONE	0	0	1,165
SEI INVESTMENTS CO	COM	784117103	20	600	SH		SOLE	NONE	0	0	600
SMUCKER J M CO	COM NEW	832696405	3	32	SH		SOLE	NONE	0	0	32
SNYDERS-LANCE INC	COM	833551104	14	500	SH		SOLE	NONE	0	0	500
SOUTHERN CO	COM	842587107	3,523	80,167	SH		SOLE	NONE	0	0	80,167
SPDR GOLD TRUST	GOLD SHS	78463V107	9,121	73,786	SH		SOLE	NONE	0	0	73,786
SPDR SERIES TRUST	S&P BIOTECH	78464A870	1,132	7,947	SH		SOLE	NONE	0	0	7,947
TEMPLETON GLOBAL INCOME FD	COM	880198106	123	15,317	SH		SOLE	NONE	0	0	15,317
TERADATA CORP DEL	COM	88076W103	10	200	SH		SOLE	NONE	0	0	200
TIME WARNER INC	COM NEW	887317303	3,489	53,406	SH		SOLE	NONE	0	0	53,406
TJX COS INC NEW	COM	872540109	3,549	58,523	SH		SOLE	NONE	0	0	58,523
UNDER ARMOUR INC	CL A	904311107	14	120	SH		SOLE	NONE	0	0	120
UNITED PARCEL SERVICE INC	CL B	911312106	39	400	SH		SOLE	NONE	0	0	400
UNITED STATES STL CORP NEW	COM	912909108	0	9	SH		SOLE	NONE	0	0	9
UNITED TECHNOLOGIES CORP	COM	913017109	117	1,000	SH		SOLE	NONE	0	0	1,000
VANGUARD ADMIRAL FDS INC	MIDCP 400 GRTH	921932869	50	536	SH		SOLE	NONE	0	0	536
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	110	1,350	SH		SOLE	NONE	0	0	1,350
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	899	9,222	SH		SOLE	NONE	0	0	9,222
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	50	1,226	SH		SOLE	NONE	0	0	1,226
VANGUARD INTL EQUITY INDEX F	FTSE SMCAP ETF	922042718	34	320	SH		SOLE	NONE	0	0	320
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	243	3,040	SH		SOLE	NONE	0	0	3,040
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	167	1,960	SH		SOLE	NONE	0	0	1,960
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	60	800	SH		SOLE	NONE	0	0	800
VERIZON COMMUNICATIONS INC	COM	92343V104	163	3,420	SH		SOLE	NONE	0	0	3,420
VISA INC	COM CL A	92826C839	47	220	SH		SOLE	NONE	0	0	220
WAL-MART STORES INC	COM	931142103	3,593	47,011	SH		SOLE	NONE	0	0	47,011
YAHOO INC	COM	984332106	2	50	SH		SOLE	NONE	0	0	50
ZOETIS INC	CL A	98978V103	1	26	SH		SOLE	NONE	0	0	26

Financial Advantage 13F-HRQuarterly holdings report by institutional manager