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 |
ADVISORY BOARD | COM | 00762W107 | 1,788 | 36,500 | SH | | SOLE | 0 | 36,500 | 0 | 0 |
ADOBE SYSTEMS | COM | 00724F101 | 407 | 5,600 | SH | | SOLE | 0 | 5,600 | 0 | 0 |
ARGAN INC. | COM | 04010E109 | 20,888 | 620,931 | SH | | SOLE | 0 | 620,931 | 0 | 0 |
ALKERMES PLC | COM | G01767105 | 755 | 12,900 | SH | | SOLE | 0 | 12,900 | 0 | 0 |
ANADARKO PETROLEUM CORPORATION | COM | 032511107 | 582 | 7,054 | SH | | SOLE | 0 | 7,054 | 0 | 0 |
NATUS MEDICAL INC. | COM | 639050103 | 4,932 | 136,850 | SH | | SOLE | 0 | 136,850 | 0 | 0 |
BALCHEM CORP | COM | 057665200 | 8,800 | 132,057 | SH | | SOLE | 0 | 132,057 | 0 | 0 |
BLACK DIAMOND INC. | COM | 09202G101 | 6,178 | 706,033 | SH | | SOLE | 0 | 706,033 | 0 | 0 |
BG MEDICINE, INC. | COM | 08861T107 | 5 | 11,787 | SH | | SOLE | 0 | 11,787 | 0 | 0 |
BAIDU, INC. - SPON ADR | COM | 056752108 | 228 | 1,000 | SH | | SOLE | 0 | 1,000 | 0 | 0 |
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST | COM | 09247D105 | 2,445 | 148,801 | SH | | SOLE | 0 | 148,801 | 0 | 0 |
BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 692 | 11,723 | SH | | SOLE | 0 | 11,723 | 0 | 0 |
BROOKFIELD MORTGAGE OPPORTUNITY INCOME FUND | COM | 112792106 | 1,704 | 103,622 | SH | | SOLE | 0 | 103,622 | 0 | 0 |
BERKSHIRE HATHAWAY A | COM | 084670108 | 4,972 | 22 | SH | | SOLE | 0 | 22 | 0 | 0 |
BERKSHIRE HATHAWAY B | COM | 084670207 | 1,402 | 9,335 | SH | | SOLE | 0 | 9,335 | 0 | 0 |
BROWN & BROWN INC | COM | 115236101 | 6,218 | 188,945 | SH | | SOLE | 0 | 188,945 | 0 | 0 |
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND | COM | 092508100 | 778 | 60,220 | SH | | SOLE | 0 | 60,220 | 0 | 0 |
BLACKSTONE GROUP | COM | 09253U108 | 203 | 6,000 | SH | | SOLE | 0 | 6,000 | 0 | 0 |
CELGENE CORPORATION | COM | 151020104 | 2,718 | 24,300 | SH | | SOLE | 0 | 24,300 | 0 | 0 |
CARLYLE GROUP | COM | 14309L102 | 782 | 28,450 | SH | | SOLE | 0 | 28,450 | 0 | 0 |
CORE LABORATORIES NV | COM | N22717107 | 2,981 | 24,775 | SH | | SOLE | 0 | 24,775 | 0 | 0 |
CANTEL MEDICAL CORP | COM | 138098108 | 422 | 9,750 | SH | | SOLE | 0 | 9,750 | 0 | 0 |
COOPER COMPANIES, INC | COM | 216648402 | 5,920 | 36,520 | SH | | SOLE | 0 | 36,520 | 0 | 0 |
COPART INC | COM | 217204106 | 12,169 | 333,486 | SH | | SOLE | 0 | 333,486 | 0 | 0 |
COSTAR GROUP INC | COM | 22160N109 | 9,272 | 50,495 | SH | | SOLE | 0 | 50,495 | 0 | 0 |
CVS HEALTH CORP | COM | 126650100 | 491 | 5,100 | SH | | SOLE | 0 | 5,100 | 0 | 0 |
CHEVRON CORPORATION | COM | 166764100 | 367 | 3,270 | SH | | SOLE | 0 | 3,270 | 0 | 0 |
DU PONT (E.I.) DE NEMOURS | COM | 263534109 | 873 | 11,811 | SH | | SOLE | 0 | 11,811 | 0 | 0 |
WISDOM TREE EMERGING MARKETS EQUITY INC. | COM | 97717W315 | 687 | 16,290 | SH | | SOLE | 0 | 16,290 | 0 | 0 |
DANAHER CORPORATION | COM | 235851102 | 1,757 | 20,500 | SH | | SOLE | 0 | 20,500 | 0 | 0 |
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST | COM | 78467X109 | 2,389 | 13,430 | SH | | SOLE | 0 | 13,430 | 0 | 0 |
DAILY JOURNAL CORP | COM | 233912104 | 6,990 | 26,576 | SH | | SOLE | 0 | 26,576 | 0 | 0 |
DIGITAL THEATER SYSTEMS INC. | COM | 23335C101 | 4,978 | 161,900 | SH | | SOLE | 0 | 161,900 | 0 | 0 |
ISHARES MSCI EAFE INDEX FUND | COM | 464287465 | 1,709 | 28,091 | SH | | SOLE | 0 | 28,091 | 0 | 0 |
ISHARES TR MSCI EAFE GROWTH INDEX FD | COM | 464288885 | 7,786 | 118,306 | SH | | SOLE | 0 | 118,306 | 0 | 0 |
ELECTRONICS FOR IMAGING, INC. | COM | 286082102 | 14,250 | 332,700 | SH | | SOLE | 0 | 332,700 | 0 | 0 |
ISHARES MSCI EAFE VALUE ETF | COM | 464288877 | 8,358 | 163,795 | SH | | SOLE | 0 | 163,795 | 0 | 0 |
ENVESTNET INC | COM | 29404K106 | 3,971 | 80,820 | SH | | SOLE | 0 | 80,820 | 0 | 0 |
BOTTOMLINE TECHNOLOGIES | COM | 101388106 | 1,063 | 42,060 | SH | | SOLE | 0 | 42,060 | 0 | 0 |
EQUINIX INC | COM | 29444U502 | 265 | 1,167 | SH | | SOLE | 0 | 1,167 | 0 | 0 |
EATON VANCE MUNICIPAL INCOME | COM | 27826U108 | 4,914 | 366,180 | SH | | SOLE | 0 | 366,180 | 0 | 0 |
EATON VANCE PA MUNICIPAL INC. | COM | 27826T101 | 206 | 16,912 | SH | | SOLE | 0 | 16,912 | 0 | 0 |
EATON VANCE NY MUNICIPAL INC. | COM | 27826W104 | 1,411 | 101,921 | SH | | SOLE | 0 | 101,921 | 0 | 0 |
EXPEDITORS INTL | COM | 302130109 | 567 | 12,700 | SH | | SOLE | 0 | 12,700 | 0 | 0 |
ABERDEEN GLOBAL INCOME FUND, INC. | COM | 003013109 | 2,711 | 282,116 | SH | | SOLE | 0 | 282,116 | 0 | 0 |
FEI COMPANY | COM | 30241L109 | 2,490 | 27,560 | SH | | SOLE | 0 | 27,560 | 0 | 0 |
SPDR EURO STOXX 50 FUND | COM | 78463X202 | 4,643 | 125,965 | SH | | SOLE | 0 | 125,965 | 0 | 0 |
FLEETMATICS GROUP PLC | COM | G35569105 | 4,585 | 129,200 | SH | | SOLE | 0 | 129,200 | 0 | 0 |
FINANCIAL ENGINES, INC | COM | 317485100 | 8,301 | 227,100 | SH | | SOLE | 0 | 227,100 | 0 | 0 |
FRANCO-NEVADA CORP | COM | 351858105 | 6,035 | 122,694 | SH | | SOLE | 0 | 122,694 | 0 | 0 |
FOX FACTORY HOLDING CORP | COM | 35138V102 | 4,229 | 260,537 | SH | | SOLE | 0 | 260,537 | 0 | 0 |
GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TR | COM | 401664107 | 2,463 | 111,058 | SH | | SOLE | 0 | 111,058 | 0 | 0 |
GENERAL ELECTRIC COMPANY | COM | 369604103 | 454 | 17,961 | SH | | SOLE | 0 | 17,961 | 0 | 0 |
GENERAL MILLS INC | COM | 370334104 | 1,168 | 21,910 | SH | | SOLE | 0 | 21,910 | 0 | 0 |
CORNING INC | COM | 219350105 | 206 | 8,989 | SH | | SOLE | 0 | 8,989 | 0 | 0 |
GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST | COM | 36465E101 | 3,856 | 477,810 | SH | | SOLE | 0 | 477,810 | 0 | 0 |
GOOGLE INC - CL C | COM | 38259P706 | 242 | 460 | SH | | SOLE | 0 | 460 | 0 | 0 |
GOOGLE INC. CLASS A | COM | 38259P508 | 244 | 460 | SH | | SOLE | 0 | 460 | 0 | 0 |
HEALTHCARE SERVICES GROUP | COM | 421906108 | 1,372 | 44,350 | SH | | SOLE | 0 | 44,350 | 0 | 0 |
HEWLETT-PACKARD COMPANY | COM | 428236103 | 346 | 8,630 | SH | | SOLE | 0 | 8,630 | 0 | 0 |
HERCULES TECHNOLOGY GROWTH CAPITAL INC. | COM | 427096508 | 7,418 | 498,492 | SH | | SOLE | 0 | 498,492 | 0 | 0 |
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND | COM | 464287440 | 427 | 4,027 | SH | | SOLE | 0 | 4,027 | 0 | 0 |
ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF | COM | 464288489 | 3,769 | 125,467 | SH | | SOLE | 0 | 125,467 | 0 | 0 |
IHS INC. | COM | 451734107 | 8,585 | 75,385 | SH | | SOLE | 0 | 75,385 | 0 | 0 |
INCYTE CORP | COM | 45337C102 | 12,397 | 169,570 | SH | | SOLE | 0 | 169,570 | 0 | 0 |
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN | COM | 11273Q109 | 3,014 | 144,297 | SH | | SOLE | 0 | 144,297 | 0 | 0 |
ISHARES S&P 500 VALUE ETF | COM | 464287408 | 1,618 | 17,256 | SH | | SOLE | 0 | 17,256 | 0 | 0 |
ISHARES S&P 500 GROWTH ETF | COM | 464287309 | 1,295 | 11,603 | SH | | SOLE | 0 | 11,603 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 318 | 3,043 | SH | | SOLE | 0 | 3,043 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 299 | 4,565 | SH | | SOLE | 0 | 4,565 | 0 | 0 |
COCA-COLA CO | COM | 191216100 | 964 | 22,837 | SH | | SOLE | 0 | 22,837 | 0 | 0 |
KRAFT FOODS GROUP INC. | COM | 50076Q106 | 231 | 3,690 | SH | | SOLE | 0 | 3,690 | 0 | 0 |
LITTELFUSE INC | COM | 537008104 | 10,101 | 104,485 | SH | | SOLE | 0 | 104,485 | 0 | 0 |
LIGAND PHARMACEUTICALS - CL B | COM | 53220K504 | 5,759 | 108,235 | SH | | SOLE | 0 | 108,235 | 0 | 0 |
LKQ CORP | COM | 501889208 | 4,957 | 176,285 | SH | | SOLE | 0 | 176,285 | 0 | 0 |
LIFELOCK, INC. | COM | 53224V100 | 7,611 | 411,203 | SH | | SOLE | 0 | 411,203 | 0 | 0 |
LOGMEIN, INC | COM | 54142L109 | 14,531 | 294,509 | SH | | SOLE | 0 | 294,509 | 0 | 0 |
ISHARES IBOXX INV. GRADE CORP. BOND FUND | COM | 464287242 | 311 | 2,607 | SH | | SOLE | 0 | 2,607 | 0 | 0 |
LIQUIDITY SERVICES | COM | 53635B107 | 155 | 18,950 | SH | | SOLE | 0 | 18,950 | 0 | 0 |
REMARK MEDIA INC. | COM | 75954W107 | 5,505 | 1,207,281 | SH | | SOLE | 0 | 1,207,281 | 0 | 0 |
MEDICINES COMPANY | COM | 584688105 | 9,911 | 358,200 | SH | | SOLE | 0 | 358,200 | 0 | 0 |
MONDELEZ INTERNATIONAL INC. | COM | 609207105 | 417 | 11,490 | SH | | SOLE | 0 | 11,490 | 0 | 0 |
MEDIDATA SOLUTIONS INC | COM | 58471A105 | 1,865 | 39,055 | SH | | SOLE | 0 | 39,055 | 0 | 0 |
MFS INTERMEDIATE INCOME TRUST | COM | 55273C107 | 1,664 | 348,049 | SH | | SOLE | 0 | 348,049 | 0 | 0 |
MARKETAXESS HOLDINGS INC | COM | 57060D108 | 13,229 | 184,480 | SH | | SOLE | 0 | 184,480 | 0 | 0 |
3M CO | COM | 88579Y101 | 635 | 3,865 | SH | | SOLE | 0 | 3,865 | 0 | 0 |
ALTRIA GROUP INC | COM | 02209S103 | 1,663 | 33,751 | SH | | SOLE | 0 | 33,751 | 0 | 0 |
ISHARES S&P NAT AMT-FREE MUN | COM | 464288414 | 570 | 5,169 | SH | | SOLE | 0 | 5,169 | 0 | 0 |
MANAGED DURATION INV GRADE | COM | 56165R103 | 4,480 | 331,589 | SH | | SOLE | 0 | 331,589 | 0 | 0 |
NEWPORT CORPORATION | COM | 651824104 | 7,272 | 380,508 | SH | | SOLE | 0 | 380,508 | 0 | 0 |
NORFOLK SOUTHERN CORP | COM | 655844108 | 1,373 | 12,530 | SH | | SOLE | 0 | 12,530 | 0 | 0 |
NETSCOUT SYSTEMS, INC. | COM | 64115T104 | 10,112 | 276,741 | SH | | SOLE | 0 | 276,741 | 0 | 0 |
NVE CORPORATION | COM | 629445206 | 1,111 | 15,700 | SH | | SOLE | 0 | 15,700 | 0 | 0 |
ORASURE TECHNOLOGIES INC. | COM | 68554V108 | 3,715 | 366,400 | SH | | SOLE | 0 | 366,400 | 0 | 0 |
PIMCO DYNAMIC CREDIT INCOME FUND | COM | 72202D106 | 4,459 | 215,923 | SH | | SOLE | 0 | 215,923 | 0 | 0 |
PEPSICO INC | COM | 713448108 | 2,264 | 23,942 | SH | | SOLE | 0 | 23,942 | 0 | 0 |
PFIZER INC | COM | 717081103 | 229 | 7,358 | SH | | SOLE | 0 | 7,358 | 0 | 0 |
PHILIP MORRIS INTERNATIONAL | COM | 718172109 | 222 | 2,727 | SH | | SOLE | 0 | 2,727 | 0 | 0 |
POPE RESOURCES LTD - LP | COM | 732857107 | 781 | 12,270 | SH | | SOLE | 0 | 12,270 | 0 | 0 |
PPG INDUSTRIES INC | COM | 693506107 | 733 | 3,171 | SH | | SOLE | 0 | 3,171 | 0 | 0 |
PROS HOLDINGS INC. | COM | 74346Y103 | 4,408 | 160,400 | SH | | SOLE | 0 | 160,400 | 0 | 0 |
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF | COM | 73936T474 | 10,979 | 432,084 | SH | | SOLE | 0 | 432,084 | 0 | 0 |
ROPER INDUSTRIES, INC | COM | 776696106 | 3,144 | 20,110 | SH | | SOLE | 0 | 20,110 | 0 | 0 |
SHUTTERFLY INC. | COM | 82568P304 | 5,929 | 142,210 | SH | | SOLE | 0 | 142,210 | 0 | 0 |
SVB FINANCIAL GROUP | COM | 78486Q101 | 8,491 | 73,158 | SH | | SOLE | 0 | 73,158 | 0 | 0 |
SILVER WHEATON CORP | COM | 828336107 | 3,756 | 184,750 | SH | | SOLE | 0 | 184,750 | 0 | 0 |
INVENTURE FOODS, INC. | COM | 461212102 | 6,568 | 515,547 | SH | | SOLE | 0 | 515,547 | 0 | 0 |
SYNCHRONOSS TECHNOLOGIES INC. | COM | 87157B103 | 4,295 | 102,600 | SH | | SOLE | 0 | 102,600 | 0 | 0 |
SPECTRUM PHARMACEUTICALS INC. | COM | 84763A108 | 8,025 | 1,158,070 | SH | | SOLE | 0 | 1,158,070 | 0 | 0 |
SPDR S&P 500 ETF TRUST | COM | 78462F103 | 14,192 | 69,045 | SH | | SOLE | 0 | 69,045 | 0 | 0 |
SCIQUEST INC | COM | 80908T101 | 431 | 29,850 | SH | | SOLE | 0 | 29,850 | 0 | 0 |
STERICYCLE INC | COM | 858912108 | 258 | 1,970 | SH | | SOLE | 0 | 1,970 | 0 | 0 |
SUPERNUS PHARMACEUTICALS INC. | COM | 868459108 | 3,473 | 418,400 | SH | | SOLE | 0 | 418,400 | 0 | 0 |
SKYWORKS SOLUTIONS INC | COM | 83088M102 | 1,309 | 18,000 | SH | | SOLE | 0 | 18,000 | 0 | 0 |
SYSCO CORPORATION | COM | 871829107 | 709 | 17,851 | SH | | SOLE | 0 | 17,851 | 0 | 0 |
AT&T | COM | 00206R102 | 295 | 8,770 | SH | | SOLE | 0 | 8,770 | 0 | 0 |
TASER INT`L INC. | COM | 87651B104 | 7,549 | 285,100 | SH | | SOLE | 0 | 285,100 | 0 | 0 |
BIO-TECHNE CORP | COM | 09073M104 | 804 | 8,700 | SH | | SOLE | 0 | 8,700 | 0 | 0 |
TEVA PHARMACEUTICAL ADR | COM | 881624209 | 702 | 12,200 | SH | | SOLE | 0 | 12,200 | 0 | 0 |
T ROWE PRICE GROUP INC. | COM | 74144T108 | 231 | 2,693 | SH | | SOLE | 0 | 2,693 | 0 | 0 |
TUMI HOLDINGS, INC | COM | 89969Q104 | 3,282 | 138,300 | SH | | SOLE | 0 | 138,300 | 0 | 0 |
TYLER TECHNOLOGIES, INC | COM | 902252105 | 2,038 | 18,620 | SH | | SOLE | 0 | 18,620 | 0 | 0 |
UDR INC. | COM | 902653104 | 498 | 16,147 | SH | | SOLE | 0 | 16,147 | 0 | 0 |
AMERCO HOLDING COMPANY | COM | 023586100 | 2,359 | 8,300 | SH | | SOLE | 0 | 8,300 | 0 | 0 |
UNION PACIFIC CORP | COM | 907818108 | 4,983 | 41,832 | SH | | SOLE | 0 | 41,832 | 0 | 0 |
VICOR CORP | COM | 925815102 | 16,509 | 1,364,410 | SH | | SOLE | 0 | 1,364,410 | 0 | 0 |
VERINT SYSTEMS INC. | COM | 92343X100 | 7,337 | 125,900 | SH | | SOLE | 0 | 125,900 | 0 | 0 |
VIASAT INC. | COM | 92552V100 | 4,503 | 71,450 | SH | | SOLE | 0 | 71,450 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 317 | 6,770 | SH | | SOLE | 0 | 6,770 | 0 | 0 |
WAGEWORKS INC. | COM | 930427109 | 8,953 | 138,650 | SH | | SOLE | 0 | 138,650 | 0 | 0 |
WISCONSIN ENERGY CORP | COM | 976657106 | 1,340 | 25,417 | SH | | SOLE | 0 | 25,417 | 0 | 0 |
WESTERN UNION | COM | 959802109 | 251 | 14,035 | SH | | SOLE | 0 | 14,035 | 0 | 0 |
EXXON MOBIL CORP | COM | 30231G102 | 4,296 | 46,471 | SH | | SOLE | 0 | 46,471 | 0 | 0 |
YORKVILLE HIGH INCOME MLP | COM | 301505103 | 306 | 24,510 | SH | | SOLE | 0 | 24,510 | 0 | 0 |