Navellier & Associates 13F-HR Quarterly holdings report by institutional manager

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
3D Systems Corp.	COM	88554D205	1,609	29,793	SH		SOLE		29,793	0	0
3D Systems Corp.	COM	88554D205	37	691	SH		SOLE		691	0	0
A.O. Smith Corp.	COM	831865209	187	4,143	SH		SOLE		4,143	0	0
A.O. Smith Corp.	COM	831865209	29	650	SH		SOLE		650	0	0
ASML Holding N.V.	COM	N07059210	261	2,647	SH		SOLE		2,647	0	0
Abb Ltd.	COM	000375204	234	9,918	SH		SOLE		9,918	0	0
Acadia Healthcare Company	COM	00404A109	2,222	56,353	SH		SOLE		56,353	0	0
Accenture Ltd.	COM	G1151C101	418	5,678	SH		SOLE		5,678	0	0
Actavis Inc.	COM	G0083B108	66,852	464,251	SH		SOLE		464,251	0	0
Air Methods Corp.	COM	009128307	432	10,143	SH		SOLE		10,143	0	0
Alexion Pharmaceuticals Inc.	COM	015351109	1,092	9,402	SH		SOLE		9,402	0	0
Alliance Data Systems Corp.	COM	018581108	95,305	450,677	SH		SOLE		450,677	0	0
Alliance Data Systems Corp.	COM	018581108	68	320	SH		SOLE		320	0	0
Allianz Ag Holding	COM	018805101	454	28,693	SH		SOLE		28,693	0	0
Amdocs Ltd.	COM	G02602103	463	12,631	SH		SOLE		12,631	0	0
American Express Co.	COM	025816109	1,562	20,677	SH		SOLE		20,677	0	0
American Tower Corp.	COM	03027X100	834	11,248	SH		SOLE		11,248	0	0
Amerisourcebergen Corp. (Holdi	COM	03073E105	76,838	1,257,580	SH		SOLE		1,257,580	0	0
Amgen Inc.	COM	031162100	36,352	324,787	SH		SOLE		324,787	0	0
Anadarko Petroleum Corp.	COM	032511107	586	6,300	SH		SOLE		6,300	0	0
Anheuser-Busch Inbev N.V.	COM	03524A108	495	4,991	SH		SOLE		4,991	0	0
Ansys Inc.	COM	03662Q105	214	2,472	SH		SOLE		2,472	0	0
Ansys Inc.	COM	03662Q105	28	321	SH		SOLE		321	0	0
Arm Holdings Plc	COM	042068106	483	10,041	SH		SOLE		10,041	0	0
Ashland Inc.	COM	044209104	259	2,796	SH		SOLE		2,796	0	0
Ashland Inc.	COM	044209104	39	420	SH		SOLE		420	0	0
Autozone Inc.	COM	053332102	419	991	SH		SOLE		991	0	0
Autozone Inc.	COM	053332102	63	150	SH		SOLE		150	0	0
Avis Budget Group Inc.	COM	053774105	313	10,841	SH		SOLE		10,841	0	0
Avis Budget Group Inc.	COM	053774105	37	1,300	SH		SOLE		1,300	0	0
BHP Billiton Ltd.	COM	088606108	1,355	20,380	SH		SOLE		20,380	0	0
BT Group Plc ADS	COM	05577E101	673	12,174	SH		SOLE		12,174	0	0
Basf Ag	COM	055262505	209	2,174	SH		SOLE		2,174	0	0
Baxter International Inc.	COM	071813109	552	8,408	SH		SOLE		8,408	0	0
Bayer Ag	COM	072730302	504	4,269	SH		SOLE		4,269	0	0
Be Aerospace Inc.	COM	073302101	42,039	569,483	SH		SOLE		569,483	0	0
Big 5 Sporting Goods Corp.	COM	08915P101	661	41,064	SH		SOLE		41,064	0	0
Biogen Idec Inc.	COM	09062X103	78,342	325,396	SH		SOLE		325,396	0	0
Bnp Paribas	COM	05565A202	441	13,027	SH		SOLE		13,027	0	0
Boston Beer Co.	COM	100557107	1,300	5,324	SH		SOLE		5,324	0	0
Bp Prudhoe Bay Royalty Trust	COM	055630107	388	4,471	SH		SOLE		4,471	0	0
CU Bankcorp	COM	126534106	423	23,178	SH		SOLE		23,178	0	0
Cabela's Inc.	COM	126804301	203	3,226	SH		SOLE		3,226	0	0
Cabela's Inc.	COM	126804301	23	358	SH		SOLE		358	0	0
Cabot Oil & Gas Corp.	COM	127097103	35,817	959,735	SH		SOLE		959,735	0	0
Cabot Oil & Gas Corp.	COM	127097103	39	1,032	SH		SOLE		1,032	0	0
Campbell Soup Co.	COM	134429109	1,088	26,725	SH		SOLE		26,725	0	0
Cardinal Financial Corp.	COM	14149F109	528	31,971	SH		SOLE		31,971	0	0
Carmax Inc.	COM	143130102	959	19,795	SH		SOLE		19,795	0	0
Caterpillar Inc.	COM	149123101	2,372	28,444	SH		SOLE		28,444	0	0
Celgene Corp.	COM	151020104	1,384	8,978	SH		SOLE		8,978	0	0
Cemex S.A. De C.V.ADS	COM	151290889	208	18,642	SH		SOLE		18,642	0	0
Centene Corp.	COM	15135B101	1,930	30,176	SH		SOLE		30,176	0	0
Centene Corp.	COM	15135B101	57	896	SH		SOLE		896	0	0
Chart Industries Inc.	COM	16115Q308	1,325	10,772	SH		SOLE		10,772	0	0
Chevron Corp.	COM	166764100	1,174	9,659	SH		SOLE		9,659	0	0
Chicago Bridge & Iron Co. N.V.	COM	167250109	409	6,038	SH		SOLE		6,038	0	0
Chubb Corp.	COM	171232101	410	4,594	SH		SOLE		4,594	0	0
Chubb Corp.	COM	171232101	62	700	SH		SOLE		700	0	0
Cigna Corp.	COM	125509109	39,542	514,462	SH		SOLE		514,462	0	0
Clorox Co.	COM	189054109	35,497	434,378	SH		SOLE		434,378	0	0
Coca-Cola Co.	COM	191216100	1,895	50,039	SH		SOLE		50,039	0	0
Coleman Cable Inc.	COM	193459302	1,755	83,127	SH		SOLE		83,127	0	0
Comcast Corp.	COM	20030N101	1,070	23,717	SH		SOLE		23,717	0	0
Computer Sciences Corp.	COM	205363104	607	11,737	SH		SOLE		11,737	0	0
Computer Sciences Corp.	COM	205363104	83	1,603	SH		SOLE		1,603	0	0
Conagra Foods Inc.	COM	205887102	199	6,544	SH		SOLE		6,544	0	0
Conagra Foods Inc.	COM	205887102	30	1,000	SH		SOLE		1,000	0	0
Concur Technologies Inc.	COM	206708109	351	3,172	SH		SOLE		3,172	0	0
Concur Technologies Inc.	COM	206708109	44	400	SH		SOLE		400	0	0
Consumer Discretionary Select	COM	81369Y407	44,007	725,826	SH		SOLE		725,826	0	0
Costco Wholesale Corp.	COM	22160K105	43,413	376,945	SH		SOLE		376,945	0	0
Courier Corp.	COM	222660102	210	13,271	SH		SOLE		13,271	0	0
Covance Inc.	COM	222816100	1,475	17,056	SH		SOLE		17,056	0	0
Covidien PLC.	COM	G2554F113	327	5,360	SH		SOLE		5,360	0	0
Cracker Barrel Old Country	COM	22410J106	384	3,718	SH		SOLE		3,718	0	0
Cracker Barrel Old Country	COM	22410J106	26	250	SH		SOLE		250	0	0
Credit Suisse Group	COM	225401108	399	13,064	SH		SOLE		13,064	0	0
Cree Inc.	COM	225447101	314	5,216	SH		SOLE		5,216	0	0
Cree Inc.	COM	225447101	48	799	SH		SOLE		799	0	0
Crown Castle International Cor	COM	228227104	1,030	14,100	SH		SOLE		14,100	0	0
DISH Network Corp.	COM	25470M109	1,325	29,442	SH		SOLE		29,442	0	0
Darling International Inc.	COM	237266101	224	10,571	SH		SOLE		10,571	0	0
Darling International Inc.	COM	237266101	27	1,266	SH		SOLE		1,266	0	0
Dassault Systemes S.A.	COM	237545108	205	1,538	SH		SOLE		1,538	0	0
Davita Inc.	COM	23918K108	1,178	20,698	SH		SOLE		20,698	0	0
Delta Airlines Inc.	COM	247361702	554	23,494	SH		SOLE		23,494	0	0
Delta Airlines Inc.	COM	247361702	75	3,188	SH		SOLE		3,188	0	0
Diageo Plc	COM	25243Q205	464	3,654	SH		SOLE		3,654	0	0
Discover Financial Services	COM	254709108	57,703	1,141,734	SH		SOLE		1,141,734	0	0
Domino's Pizza Inc.	COM	25754A201	1,666	24,525	SH		SOLE		24,525	0	0
Domino's Pizza Inc.	COM	25754A201	39	571	SH		SOLE		571	0	0
Dxp Enterprises Inc.	COM	233377407	985	12,477	SH		SOLE		12,477	0	0
EPL Oil & Gas, Inc.	COM	26883D108	1,640	44,204	SH		SOLE		44,204	0	0
Electronic Arts Inc.	COM	285512109	1,283	50,222	SH		SOLE		50,222	0	0
Emc Corp.	COM	268648102	205	8,033	SH		SOLE		8,033	0	0
Employers Holdings Inc.	COM	292218104	774	26,014	SH		SOLE		26,014	0	0
Extra Space Storage Inc.	COM	30225T102	1,078	23,557	SH		SOLE		23,557	0	0
Exxon Mobil Corp.	COM	30231G102	1,736	20,171	SH		SOLE		20,171	0	0
FXCM Inc. Class A	COM	302693106	1,123	56,883	SH		SOLE		56,883	0	0
Fidelity National Financial In	COM	31620R105	1,082	40,680	SH		SOLE		40,680	0	0
Fidelity National Info Svcs	COM	31620M106	50,215	1,081,292	SH		SOLE		1,081,292	0	0
Financial Engines, Inc.	COM	317485100	1,106	18,616	SH		SOLE		18,616	0	0
Financial Select Sector Spdr F	COM	81369Y605	42,840	2,152,210	SH		SOLE		2,152,210	0	0
First Trust Asia Pacific ex Ja	COM	33737J109	7,874	283,633	SH		SOLE		283,633	0	0
First Trust Canada	COM	33737J208	7,861	217,948	SH		SOLE		217,948	0	0
First Trust Consumer Disc. Alp	COM	33734X101	59,448	2,004,990	SH		SOLE		2,004,990	0	0
First Trust Emerging Markets A	COM	33737J182	22,987	945,591	SH		SOLE		945,591	0	0
First Trust Energy AlphaDex Fd	COM	33734X127	59,677	2,601,568	SH		SOLE		2,601,568	0	0
First Trust Europe	COM	33737J117	27,078	878,005	SH		SOLE		878,005	0	0
First Trust Financials AlphaDe	COM	33734X135	59,055	2,988,594	SH		SOLE		2,988,594	0	0
First Trust Healthcare AlphaDe	COM	33734X143	59,084	1,363,901	SH		SOLE		1,363,901	0	0
First Trust Indust./Prod.Dura	COM	33734X150	59,815	2,390,694	SH		SOLE		2,390,694	0	0
First Trust Japan AlphaDex ETF	COM	33737J158	9,504	206,438	SH		SOLE		206,438	0	0
First Trust Materials AlphaDex	COM	33734X168	58,883	2,028,337	SH		SOLE		2,028,337	0	0
First Trust Technology AlphaDe	COM	33734X176	59,688	2,194,402	SH		SOLE		2,194,402	0	0
First Trust Utilities AlphaDex	COM	33734X184	57,973	2,913,202	SH		SOLE		2,913,202	0	0
Fleetcor Technologies	COM	339041105	49,489	449,248	SH		SOLE		449,248	0	0
Flowers Foods Inc.	COM	343498101	791	36,900	SH		SOLE		36,900	0	0
Fortress Investment	COM	34958B106	869	109,482	SH		SOLE		109,482	0	0
Fourtune Brands Home Security	COM	34964C106	382	9,177	SH		SOLE		9,177	0	0
Fourtune Brands Home Security	COM	34964C106	58	1,401	SH		SOLE		1,401	0	0
Generac Holdings	COM	368736104	1,017	23,848	SH		SOLE		23,848	0	0
Geospace Technologies	COM	37364X109	968	11,485	SH		SOLE		11,485	0	0
Gilead Sciences Inc.	COM	375558103	2,481	39,469	SH		SOLE		39,469	0	0
Glaxosmithkline Plc	COM	37733W105	306	6,109	SH		SOLE		6,109	0	0
Graphic Packaging Holding Co.	COM	388689101	258	30,164	SH		SOLE		30,164	0	0
Graphic Packaging Holding Co.	COM	388689101	32	3,713	SH		SOLE		3,713	0	0
Grifols S.A. ADS	COM	398438408	1,441	47,591	SH		SOLE		47,591	0	0
Grupo Aeroportuario del Centro	COM	400501102	758	28,476	SH		SOLE		28,476	0	0
HCI Group Inc	COM	40416E103	1,028	25,180	SH		SOLE		25,180	0	0
Hasbro Inc.	COM	418056107	281	5,971	SH		SOLE		5,971	0	0
Heico Corp.	COM	422806109	1,405	20,746	SH		SOLE		20,746	0	0
Hershey Foods Corp.	COM	427866108	41,771	451,575	SH		SOLE		451,575	0	0
Hertz Global Holdings Inc.	COM	42805T105	43,027	1,941,648	SH		SOLE		1,941,648	0	0
Hertz Global Holdings Inc.	COM	42805T105	42	1,908	SH		SOLE		1,908	0	0
HollyFrontier Corp.	COM	436106108	34,412	817,198	SH		SOLE		817,198	0	0
HollyFrontier Corp.	COM	436106108	39	927	SH		SOLE		927	0	0
Home Depot Inc.	COM	437076102	54,179	714,293	SH		SOLE		714,293	0	0
Honda Motor Co. Ltd.	COM	438128308	396	10,373	SH		SOLE		10,373	0	0
Hormel Foods Corp.	COM	440452100	287	6,809	SH		SOLE		6,809	0	0
Hormel Foods Corp.	COM	440452100	42	1,000	SH		SOLE		1,000	0	0
Hsbc Holdings Plc	COM	404280406	428	7,879	SH		SOLE		7,879	0	0
Ingersoll-Rand Plc	COM	G47791101	500	7,693	SH		SOLE		7,693	0	0
Ingersoll-Rand Plc	COM	G47791101	57	875	SH		SOLE		875	0	0
Intel Corp.	COM	458140100	1,795	78,332	SH		SOLE		78,332	0	0
InterContinental Hotels Group	COM	45857P400	369	12,628	SH		SOLE		12,628	0	0
International Business Machine	COM	459200101	1,074	5,802	SH		SOLE		5,802	0	0
Ishares Dow Jones U.S. Technol	COM	464287721	43,879	556,841	SH		SOLE		556,841	0	0
Ishares Floating Rate Note Fun	COM	46429B655	33,980	670,472	SH		SOLE		670,472	0	0
Ishares Iboxx $ High Yield Cor	COM	464288513	34,255	374,049	SH		SOLE		374,049	0	0
Ishares Inc. Msci Emerging Mar	COM	464287234	40,962	1,005,087	SH		SOLE		1,005,087	0	0
Ishares Msci Canada Index Fund	COM	464286509	14,124	498,922	SH		SOLE		498,922	0	0
Ishares Msci Japan Index Fund	COM	464286848	16,257	1,363,862	SH		SOLE		1,363,862	0	0
Ishares Msci Pacific Ex-Japan	COM	464286665	14,032	294,476	SH		SOLE		294,476	0	0
Ishares Trust Dow Jones U.S. H	COM	464287762	43,025	402,400	SH		SOLE		402,400	0	0
Ishares Trust Dow Jones U.S. I	COM	464287754	43,656	482,282	SH		SOLE		482,282	0	0
Ishares Trust Dow Jones U.S. U	COM	464287697	43,293	461,102	SH		SOLE		461,102	0	0
Ishares Trust Lehman 7-10 Year	COM	464287440	34,239	335,313	SH		SOLE		335,313	0	0
Ishares U.S. Energy Sector Ind	COM	464287796	43,335	920,056	SH		SOLE		920,056	0	0
Ituran Location & Control Ltd.	COM	M6158M104	782	42,364	SH		SOLE		42,364	0	0
J.M. Smucker Co.	COM	832696405	327	3,112	SH		SOLE		3,112	0	0
J.M. Smucker Co.	COM	832696405	49	470	SH		SOLE		470	0	0
Johnson & Johnson	COM	478160104	30,397	350,640	SH		SOLE		350,640	0	0
Kamada, Ltd	COM	M6240T109	799	52,213	SH		SOLE		52,213	0	0
Kellogg Co.	COM	487836108	60,058	1,022,614	SH		SOLE		1,022,614	0	0
Kimberly-Clark Corp.	COM	494368103	31,046	329,509	SH		SOLE		329,509	0	0
Kla-Tencor Corp.	COM	482480100	340	5,581	SH		SOLE		5,581	0	0
Kla-Tencor Corp.	COM	482480100	52	855	SH		SOLE		855	0	0
Kraft Foods Group Inc	COM	50076Q106	205	3,898	SH		SOLE		3,898	0	0
Kubota Corp.	COM	501173207	413	5,672	SH		SOLE		5,672	0	0
L.M. Ericsson Telephone Co.	COM	294821608	519	38,910	SH		SOLE		38,910	0	0
Lennar Corp.	COM	526057104	226	6,398	SH		SOLE		6,398	0	0
Lennar Corp.	COM	526057104	34	973	SH		SOLE		973	0	0
Lennox International Inc.	COM	526107107	201	2,673	SH		SOLE		2,673	0	0
Lennox International Inc.	COM	526107107	31	409	SH		SOLE		409	0	0
Liberty Global Inc Com Ser A	COM	G5480U120	358	4,512	SH		SOLE		4,512	0	0
Liberty Global Inc Com Ser A	COM	G5480U120	54	675	SH		SOLE		675	0	0
Limited Brands Inc.	COM	501797104	359	5,880	SH		SOLE		5,880	0	0
Limited Brands Inc.	COM	501797104	55	900	SH		SOLE		900	0	0
LinkedIn Corp.	COM	53578A108	70,656	287,149	SH		SOLE		287,149	0	0
LinkedIn Corp.	COM	53578A108	47	193	SH		SOLE		193	0	0
Lions Gate Entertainment Corp.	COM	535919203	1,473	42,018	SH		SOLE		42,018	0	0
Lions Gate Entertainment Corp.	COM	535919203	25	711	SH		SOLE		711	0	0
Loral Space and Communications	COM	543881106	1,025	15,130	SH		SOLE		15,130	0	0
Lowe's Cos.	COM	548661107	67,615	1,420,187	SH		SOLE		1,420,187	0	0
Lumber Liquidators Inc.	COM	55003T107	1,455	13,645	SH		SOLE		13,645	0	0
Luxottica Group S.P.A.	COM	55068R202	1,637	31,141	SH		SOLE		31,141	0	0
LyondellBasell Industries N.V.	COM	N53745100	389	5,306	SH		SOLE		5,306	0	0
M&T Bank Corp.	COM	55261F104	312	2,784	SH		SOLE		2,784	0	0
M&T Bank Corp.	COM	55261F104	48	427	SH		SOLE		427	0	0
Macy's Inc	COM	55616P104	358	8,265	SH		SOLE		8,265	0	0
Macy's Inc	COM	55616P104	55	1,267	SH		SOLE		1,267	0	0
Main Street Capital	COM	56035L104	697	23,287	SH		SOLE		23,287	0	0
Marathon Petroleum Corp.	COM	56585A102	45,137	701,758	SH		SOLE		701,758	0	0
Materials Select Sector Spdr F	COM	81369Y100	43,456	1,034,409	SH		SOLE		1,034,409	0	0
Maximus Inc.	COM	577933104	465	10,332	SH		SOLE		10,332	0	0
Maximus Inc.	COM	577933104	38	850	SH		SOLE		850	0	0
Mcdonald's Corp.	COM	580135101	2,227	23,144	SH		SOLE		23,144	0	0
Mckesson Corp.	COM	58155Q103	44,047	343,316	SH		SOLE		343,316	0	0
Melco Crown Entertainment Ltd.	COM	585464100	613	19,262	SH		SOLE		19,262	0	0
Merck & Co.	COM	58933Y105	727	15,263	SH		SOLE		15,263	0	0
Merck KGaA ADS	COM	589339100	245	4,707	SH		SOLE		4,707	0	0
Mettler-Toledo International I	COM	592688105	315	1,310	SH		SOLE		1,310	0	0
Michael Kors Holdings Ltd	COM	G60754101	407	5,458	SH		SOLE		5,458	0	0
Microsoft Corp.	COM	594918104	1,608	48,327	SH		SOLE		48,327	0	0
Mizuho Financial Group Inc. (A	COM	60687Y109	498	115,242	SH		SOLE		115,242	0	0
Monarch Casino & Resort Inc.	COM	609027107	445	23,466	SH		SOLE		23,466	0	0
Mylan Laboratories Inc.	COM	628530107	52,424	1,373,433	SH		SOLE		1,373,433	0	0
National Australia Bank Ltd.	COM	632525408	478	14,886	SH		SOLE		14,886	0	0
Nautilus Group Inc.	COM	63910B102	973	134,729	SH		SOLE		134,729	0	0
Nestle S A Sponsored	COM	641069406	361	5,189	SH		SOLE		5,189	0	0
Newmont Mining Corp.	COM	651639106	405	14,423	SH		SOLE		14,423	0	0
Nexstar Broadcasting Group Inc	COM	65336K103	1,175	26,396	SH		SOLE		26,396	0	0
Nic Inc.	COM	62914B100	714	30,905	SH		SOLE		30,905	0	0
Nidec Corp.	COM	654090109	275	12,996	SH		SOLE		12,996	0	0
Nisource Inc.	COM	65473P105	43,099	1,395,239	SH		SOLE		1,395,239	0	0
Nokia Corp.	COM	654902204	413	63,471	SH		SOLE		63,471	0	0
Nomura Holdings Inc.	COM	65535H208	386	49,472	SH		SOLE		49,472	0	0
Northrop Grumman Corp.	COM	666807102	282	2,957	SH		SOLE		2,957	0	0
Novartis Ag	COM	66987V109	29,925	390,111	SH		SOLE		390,111	0	0
Novo Nordisk A/S	COM	670100205	350	2,069	SH		SOLE		2,069	0	0
Oceaneering International Inc.	COM	675232102	228	2,804	SH		SOLE		2,804	0	0
Oceaneering International Inc.	COM	675232102	35	425	SH		SOLE		425	0	0
Ocwen Financial Corp.	COM	675746309	1,643	29,465	SH		SOLE		29,465	0	0
Orix Corp.	COM	686330101	486	5,944	SH		SOLE		5,944	0	0
PVH Corp.	COM	693656100	202	1,702	SH		SOLE		1,702	0	0
PVH Corp.	COM	693656100	31	260	SH		SOLE		260	0	0
Packaging Corp. Of America	COM	695156109	256	4,484	SH		SOLE		4,484	0	0
Packaging Corp. Of America	COM	695156109	39	680	SH		SOLE		680	0	0
Parexel International Corp.	COM	699462107	1,375	27,400	SH		SOLE		27,400	0	0
Pdf Solutions Inc.	COM	693282105	815	38,385	SH		SOLE		38,385	0	0
Perion Network Ltd.	COM	M78673106	2,033	154,479	SH		SOLE		154,479	0	0
Perrigo Co.	COM	714290103	243	1,973	SH		SOLE		1,973	0	0
Perrigo Co.	COM	714290103	36	291	SH		SOLE		291	0	0
Pharmacyclics Inc.	COM	716933106	534	3,860	SH		SOLE		3,860	0	0
Pharmacyclics Inc.	COM	716933106	81	586	SH		SOLE		586	0	0
Pike Electric Corp.	COM	721283109	1,325	117,031	SH		SOLE		117,031	0	0
Pioneer Natural Resources Co.	COM	723787107	290	1,537	SH		SOLE		1,537	0	0
Pioneer Natural Resources Co.	COM	723787107	45	237	SH		SOLE		237	0	0
Polaris Industries Inc.	COM	731068102	1,145	8,860	SH		SOLE		8,860	0	0
Polypore International	COM	73179V103	669	16,327	SH		SOLE		16,327	0	0
PowerSecure International	COM	73936N105	962	59,964	SH		SOLE		59,964	0	0
Powershares Preferred Portfoli	COM	73936T565	369	26,929	SH		SOLE		26,929	0	0
Powershares QQQ Trust	COM	73935A104	2,551	32,343	SH		SOLE		32,343	0	0
Ppg Industries Inc.	COM	693506107	41,599	249,006	SH		SOLE		249,006	0	0
Principal Financial Group Inc.	COM	74251V102	326	7,612	SH		SOLE		7,612	0	0
Principal Financial Group Inc.	COM	74251V102	50	1,166	SH		SOLE		1,166	0	0
Procter & Gamble Co.	COM	742718109	542	7,166	SH		SOLE		7,166	0	0
Qihoo 360 Technology Corp.	COM	74734M109	61,185	735,396	SH		SOLE		735,396	0	0
Questcor Pharmaceuticals Inc.	COM	74835Y101	385	6,639	SH		SOLE		6,639	0	0
Quidel Corp.	COM	74838J101	1,373	48,362	SH		SOLE		48,362	0	0
Rackspace Hosting	COM	750086100	372	7,052	SH		SOLE		7,052	0	0
Rackspace Hosting	COM	750086100	49	932	SH		SOLE		932	0	0
Raytheon Co.	COM	755111507	62,701	813,562	SH		SOLE		813,562	0	0
Reed Elsevier PLC ADS	COM	758205207	409	7,579	SH		SOLE		7,579	0	0
Regeneron Pharmaceuticals Inc.	COM	75886F107	334	1,068	SH		SOLE		1,068	0	0
Regeneron Pharmaceuticals Inc.	COM	75886F107	43	138	SH		SOLE		138	0	0
Regions Financial Corp.	COM	7591EP100	285	30,826	SH		SOLE		30,826	0	0
Regions Financial Corp.	COM	7591EP100	44	4,698	SH		SOLE		4,698	0	0
Resmed Inc.	COM	761152107	41,935	793,920	SH		SOLE		793,920	0	0
Resmed Inc.	COM	761152107	27	519	SH		SOLE		519	0	0
Rio Tinto Plc	COM	767204100	326	6,676	SH		SOLE		6,676	0	0
Rock-Tenn Co.	COM	772739207	1,622	16,013	SH		SOLE		16,013	0	0
SPS Commerce, Inc.	COM	78463M107	1,297	19,380	SH		SOLE		19,380	0	0
Safeway Inc.	COM	786514208	58,719	1,835,531	SH		SOLE		1,835,531	0	0
Sanofi-Aventis	COM	80105N105	406	8,014	SH		SOLE		8,014	0	0
Sap Ag	COM	803054204	420	5,676	SH		SOLE		5,676	0	0
Schlumberger Ltd.	COM	806857108	219	2,473	SH		SOLE		2,473	0	0
Seagate Technology Inc.	COM	G7945M107	744	17,006	SH		SOLE		17,006	0	0
Seagate Technology Inc.	COM	G7945M107	68	1,546	SH		SOLE		1,546	0	0
Sega Sammy Holdings Inc. ADS	COM	815794102	256	35,551	SH		SOLE		35,551	0	0
Sempra Energy	COM	816851109	46,445	542,587	SH		SOLE		542,587	0	0
Shaw Communications Inc.	COM	82028K200	218	9,367	SH		SOLE		9,367	0	0
Shaw Communications Inc.	COM	82028K200	34	1,450	SH		SOLE		1,450	0	0
Siemens Ag	COM	826197501	424	3,520	SH		SOLE		3,520	0	0
Sirona Dental Systems Inc.	COM	82966C103	576	8,610	SH		SOLE		8,610	0	0
Sk Telecom Co.	COM	78440P108	31,446	1,385,266	SH		SOLE		1,385,266	0	0
Skyworks Solutions Inc.	COM	83088M102	302	12,152	SH		SOLE		12,152	0	0
Skyworks Solutions Inc.	COM	83088M102	46	1,855	SH		SOLE		1,855	0	0
Snap-On Inc.	COM	833034101	375	3,765	SH		SOLE		3,765	0	0
Snap-On Inc.	COM	833034101	57	575	SH		SOLE		575	0	0
SoftBank Corp. ADR	COM	83404D109	224	6,468	SH		SOLE		6,468	0	0
Sony Corp.	COM	835699307	449	20,873	SH		SOLE		20,873	0	0
Southern Co.	COM	842587107	308	7,473	SH		SOLE		7,473	0	0
Southwest Airlines Co.	COM	844741108	40,847	2,805,417	SH		SOLE		2,805,417	0	0
Southwestern Energy Co.	COM	845467109	346	9,500	SH		SOLE		9,500	0	0
Standard & Poor's Depositary R	COM	78462F103	72,890	433,843	SH		SOLE		433,843	0	0
Sturm Ruger & Co.	COM	864159108	1,451	23,163	SH		SOLE		23,163	0	0
Sumitomo Mitsui Financial Grou	COM	86562M209	232	23,843	SH		SOLE		23,843	0	0
Susser Holdings Corp.	COM	869233106	788	14,831	SH		SOLE		14,831	0	0
Syngenta Ag	COM	87160A100	343	4,217	SH		SOLE		4,217	0	0
Sysco Corp.	COM	871829107	326	10,244	SH		SOLE		10,244	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	318	12,140	SH		SOLE		12,140	0	0
TD Ameritrade Holding Corp.	COM	87236Y108	49	1,861	SH		SOLE		1,861	0	0
Taiwan Semiconductor Manufactu	COM	874039100	354	20,864	SH		SOLE		20,864	0	0
Targa Resources	COM	87612G101	1,131	15,497	SH		SOLE		15,497	0	0
Target Corp.	COM	87612E106	839	13,114	SH		SOLE		13,114	0	0
Taro Pharmaceutical Industries	COM	M8737E108	1,383	18,195	SH		SOLE		18,195	0	0
Tesoro Corp.	COM	881609101	23,234	528,294	SH		SOLE		528,294	0	0
Thermo Electron Corp.	COM	883556102	73,105	793,331	SH		SOLE		793,331	0	0
Time Warner Cable Inc.	COM	88732J207	630	5,646	SH		SOLE		5,646	0	0
Time Warner Inc.	COM	887317303	41,667	633,147	SH		SOLE		633,147	0	0
Toll Brothers Inc.	COM	889478103	276	8,513	SH		SOLE		8,513	0	0
Toll Brothers Inc.	COM	889478103	42	1,298	SH		SOLE		1,298	0	0
Toronto-Dominion Bank	COM	891160509	306	3,406	SH		SOLE		3,406	0	0
Total S.A.	COM	89151E109	225	3,887	SH		SOLE		3,887	0	0
Transdigm Group	COM	893641100	1,108	7,986	SH		SOLE		7,986	0	0
TripAdvisor Inc.	COM	896945201	1,500	19,777	SH		SOLE		19,777	0	0
TripAdvisor Inc.	COM	896945201	25	334	SH		SOLE		334	0	0
Tyco International Ltd.	COM	H89128104	281	8,019	SH		SOLE		8,019	0	0
Ultra S&P 500 ProShares	COM	74347R107	204	2,408	SH		SOLE		2,408	0	0
Ultrapar Participacoes S/A	COM	90400P101	211	8,592	SH		SOLE		8,592	0	0
Union Pacific Corp.	COM	907818108	1,247	8,025	SH		SOLE		8,025	0	0
Valeant Pharmaceuticals Intern	COM	91911K102	550	5,273	SH		SOLE		5,273	0	0
Vanguard MSCI Europe	COM	922042874	46,654	856,037	SH		SOLE		856,037	0	0
Veolia Environnement	COM	92334N103	214	12,502	SH		SOLE		12,502	0	0
Vf Corp.	COM	918204108	186	934	SH		SOLE		934	0	0
Vf Corp.	COM	918204108	28	140	SH		SOLE		140	0	0
Visa Inc.	COM	92826C839	76,334	399,446	SH		SOLE		399,446	0	0
Vodafone Group Plc	COM	92857W209	402	11,439	SH		SOLE		11,439	0	0
Wageworks Inc.	COM	930427109	910	18,031	SH		SOLE		18,031	0	0
Wal-Mart Stores Inc.	COM	931142103	780	10,546	SH		SOLE		10,546	0	0
Walt Disney Co.	COM	254687106	868	13,460	SH		SOLE		13,460	0	0
Winnebago Industries Inc.	COM	974637100	1,670	64,316	SH		SOLE		64,316	0	0
Wynn Resorts Ltd.	COM	983134107	337	2,135	SH		SOLE		2,135	0	0
Wynn Resorts Ltd.	COM	983134107	51	325	SH		SOLE		325	0	0
Yahoo! Inc.	COM	984332106	47,748	1,439,482	SH		SOLE		1,439,482	0	0
iShares Barclays MBS Bond	COM	464288588	34,191	322,796	SH		SOLE		322,796	0	0