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| | | 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 |