Brown Advisory Holdings Incorporated

Brown Advisory Holdings Incorporated portfolio companies for quarter ending December 2011

Ticker Name Portfolio Weight Share Count Price Last Trade
GOOG Google 0.04 876018 645.93 901.00
MA MasterCard Incorporated 0.03 1167667 372.82 589.50
AAPL Apple 0.03 912317 405.00 430.18
QCOM QUALCOMM 0.03 7241092 54.70 62.69
ESRX Express Scripts 0.03 8339065 44.69 62.94
CTSH Cognizant Technology Solutions 0.02 3134769 64.31 64.50
ANSS ANSYS 0.02 3448740 57.28 76.25
COST Costco Wholesale Corporation 0.02 3191897 83.32 112.04
XOM Exxon Mobil Corporation 0.02 3281048 84.76 92.01
COH Coach 0.02 4595705 61.04 58.91
CLB Core Laboratories N.V. 0.02 1827728 113.95 154.35
FTI FMC Technologies 0.02 5203928 52.23 57.60
IDXX IDEXX Laboratories 0.02 2778305 76.96 90.56
NTAP NetApp 0.02 6237083 36.27 39.08
DVA DaVita 0.02 3212244 75.81 128.24
FOSL Fossil 0.02 2770380 79.36 108.01
FLR Fluor Corporation 0.02 5728695 50.22 63.02
ISRG Intuitive Surgical 0.02 580638 463.01 512.99
SLB Schlumberger 0.02 4455747 68.31 74.10
DHR Danaher Corporation 0.02 5128676 47.04 64.26
Canadian Natural Resources 0.02 5883651 37.37 0.00
SRCL Stericycle 0.02 2871163 77.92 110.19
Accenture 0.02 4699669 53.23 0.00
ROP Roper Industries 0.02 2913188 86.87 125.08
APH Amphenol Corporation 0.02 5058683 45.17 78.91
CVD Covance 0.02 5237076 45.72 77.81
MSFT Microsoft Corporation 0.01 5635391 25.96 34.92
SCHW Charles Schwab Corporation 0.01 14609402 11.26 20.39
AXP American Express Company 0.01 1593760 47.17 74.73
BRK.B Berkshire Hathaway 0.01 1201984 76.30 0.00
Canadian Natl Ry 0.01 1190515 78.57 0.00
JNJ Johnson & Johnson 0.01 1490885 65.58 86.09
PFE Pfizer 0.01 3434669 21.50 29.48
DIS Walt Disney Company 0.01 2117268 37.50 65.46
CTXS Citrix Systems 0.01 2672148 60.72 62.59
KFT Kraft Foods 0.01 1939229 37.36 0.00
TROW T. Rowe Price 0.01 1363785 58.44 75.48
DD E.I. du Pont de Nemours & Company 0.01 2356652 45.78 53.75
IBM International Business Machines 0.01 477170 183.88 204.88
MRK Merck & Co 0.01 3820996 37.70 47.75
OXY Occidental Petroleum Corporation 0.01 1555497 93.70 93.09
PEP Pepsi 0.01 1693451 66.35 82.55
LOW Lowe's Companies 0.01 3832236 25.38 41.44
SWN Southwestern Energy Company 0.01 2702170 31.94 38.00
MJN Mead Johnson Nutrition 0.01 2387540 68.73 82.99
CRM salesforce 0.01 1756567 101.46 38.20
ABB ABB 0.01 5321084 18.83 22.65
NATI National Instruments 0.01 7172576 25.98 27.67
Genpact Limited shs 0.01 10465413 14.95 0.00
Kinder Morgan 0.01 3137673 32.17 0.00
BP BP 0.00 30834 42.73 42.85
CB Chubb Corporation 0.00 537247 69.22 87.12
DO Diamond Offshore Drilling 0.00 29472 55.26 68.73
L Loews Corporation 0.00 751976 37.65 45.13
* America Movil Sab De Cv spon adr l shs 0.00 67188 22.50 0.00
* Barrick Gold 0.00 43151 45.22 0.00
CMCSA Comcast Corporation 0.00 277014 23.73 40.74
BSBR Banco Santander 0.00 140200 8.14 6.66
OC Owens Corning 0.00 1285000 28.72 43.35
HBC HSBC Holdings 0.00 122306 38.10 54.29
FXI iShares FTSE/Xinhua China 25 Index 0.00 12162 34.86 34.19
TS Tenaris S.A. 0.00 6625 37.13 41.45
EEM iShares MSCI Emerging Markets Indx 0.00 127350 37.98 39.60
GLW Corning Incorporated 0.00 204763 12.98 15.01
BLK BlackRock 0.00 5132 166.67 274.64
BR Broadridge Financial Solutions 0.00 321912 22.54 26.84
CME CME 0.00 99867 243.66 76.81
GNW Genworth Financial 0.00 94647 6.55 11.27
GS Goldman Sachs 0.00 260880 90.45 163.48
JPM JPMorgan Chase & Co. 0.00 287358 33.25 53.78
PGR Progressive Corporation 0.00 10898 19.50 25.39
Renaissance Re Holdings Ltd Cmn 0.00 322889 74.37 0.00
STWD Starwood Property Trust 0.00 240949 18.51 25.44
STT State Street Corporation 0.00 13999 40.00 67.39
FCNCA First Citizens BancShares 0.00 31708 175.00 205.85
FIS Fidelity National Information Services 0.00 13751 26.58 44.47
Ace Limited Cmn 0.00 471427 70.12 0.00
PNC PNC Financial Services 0.00 207628 57.70 71.09
BAC Bank of America Corporation 0.00 2458603 5.56 13.19
BK Bank of New York Mellon Corporation 0.00 100440 19.91 29.56
FCN FTI Consulting 0.00 7863 42.48 36.16
KFN KKR Financial Holdings 0.00 37537 8.73 10.85
NTRS Northern Trust Corporation 0.00 708449 39.66 57.99
DST DST Systems 0.00 68385 45.60 67.59
SLM SLM Corporation 0.00 10300 13.40 23.10
Suntrust Banks Inc $1.00 Par Cmn 0.00 24033 17.58 0.00
AMG Affiliated Managers 0.00 3089 95.86 169.23
CSE CapitalSource 0.00 247135 6.71 9.40
EFX Equifax 0.00 19428 38.78 61.38
CAT Caterpillar 0.00 71121 90.60 84.76
KO Coca-Cola Company 0.00 423529 69.97 41.36
CCI Crown Castle International 0.00 555622 44.76 71.03
CSX CSX Corporation 0.00 56704 21.07 25.11
DVN Devon Energy Corporation 0.00 10019 61.91 55.06
ECL Ecolab 0.00 53091 57.79 86.71
EXPD Expeditors International of Washington 0.00 25347 40.95 39.32
FDX FedEx Corporation 0.00 13674 83.44 103.33
IACI IAC/InterActive 0.00 11316 42.60 50.03
MTB M&T; Bank Corporation 0.00 366192 76.34 103.56
MCD McDonald's Corporation 0.00 138280 100.52 99.78
MON Monsanto Company 0.00 16561 69.95 105.90
RRC Range Resources 0.00 9378 62.50 79.81
HD Home Depot 0.00 177436 42.04 76.88
ABT Abbott Laboratories 0.00 605473 56.23 36.97
BAX Baxter International 0.00 24095 49.49 70.51
INCY Incyte Corporation 0.00 777350 15.02 21.02
LLY Eli Lilly & Co. 0.00 83406 41.50 51.85
XLV Health Care SPDR 0.00 984 34.55 48.98
TEVA Teva Pharmaceutical Industries 0.00 57875 40.36 39.48
ADM Archer Daniels Midland Company 0.00 36273 28.63 33.62
CMCSK Comcast Corporation 0.00 307370 23.55 39.09
NSC Norfolk Southern 0.00 74618 72.88 76.95
RMD ResMed 0.00 22970 25.41 48.22
CLH Clean Harbors 0.00 159355 63.73 55.84
CVX Chevron Corporation 0.00 356735 106.40 121.70
ED Consolidated Edison 0.00 169950 61.74 58.44
D Dominion Resources 0.00 262485 53.08 56.89
DUK Duke Energy Corporation 0.00 107702 22.01 67.95
RYL Ryland 0.00 15000 15.73 44.17
MHS Medco Health Solutions 0.00 61782 58.33 0.00
SPY SPDR S&P; 500 ETF 0.00 181748 125.47 165.58
GE General Electric Company 0.00 2758177 17.84 24.23
CAH Cardinal Health 0.00 13016 40.44 48.30
BMY Bristol Myers Squibb 0.00 135879 35.24 46.54
MMM 3M Company 0.00 682284 81.73 112.95
T AT&T; 0.00 301943 30.24 35.95
ADVS Advent Software 0.00 31200 24.36 34.41
AEO American Eagle Outfitters 0.00 1195567 15.29 19.03
APA Apache Corporation 0.00 25021 90.60 87.00
AVP Avon Products 0.00 25882 17.37 23.34
KMX CarMax 0.00 1542779 30.47 47.92
CCL Carnival Corporation 0.00 20798 33.00 33.95
CSCO Cisco Systems 0.00 588887 18.08 24.85
CEG Constellation Energy 0.00 28559 39.69 0.00
CLR Continental Resources 0.00 7394 66.76 88.46
CFR Cullen/Frost Bankers 0.00 5859 53.49 64.14
CMI Cummins 0.00 9771 87.98 117.34
XRAY DENTSPLY International 0.00 13448 34.62 41.50
ETN Eaton Corporation 0.00 56575 43.54 65.84
EW Edwards Lifesciences 0.00 252289 70.83 69.80
FDO Family Dollar Stores 0.00 8835 57.38 63.98
BEN Franklin Resources 0.00 564847 96.10 148.42
GPRO Gen-Probe Incorporated 0.00 651873 59.12 0.00
HRB H&R; Block 0.00 99500 16.33 29.35
KMB Kimberly-Clark Corporation 0.00 34721 73.47 98.48
KSS Kohl's Corporation 0.00 498530 49.35 52.61
LKQX LKQ Corporation 0.00 317769 30.08 0.00
MWV MeadWestva 0.00 33580 29.91 35.38
MCHP Microchip Technology 0.00 597625 36.63 37.94
MCRS MICROS Systems 0.00 53270 46.59 43.51
MOLX Molex Incorporated 0.00 27792 23.86 30.17
NYX NYSE Euronext 0.00 13051 25.59 41.64
NEM Newmont Mining Corporation 0.00 116923 59.97 32.89
NBL Noble Energy 0.00 19491 94.37 61.33
NUAN Nuance Communications 0.00 420986 25.21 18.95
PPG PPG Industries 0.00 6177 83.51 156.67
PAYX Paychex 0.00 77688 30.12 37.81
PETM PetSmart 0.00 48637 51.30 69.39
PBI Pitney Bowes 0.00 22974 18.56 14.55
RRD R.R. Donnelley & Sons Company 0.00 18190 14.42 13.12
SEE Sealed Air 0.00 12200 17.27 24.70
SNA Snap-on Incorporated 0.00 32691 50.65 92.32
SON Sonoco Products Company 0.00 376227 32.93 35.09
SE Spectra Energy 0.00 401763 30.74 34.70
SWK Stanley Black & Decker 0.00 4033 67.67 80.39
SYY SYSCO Corporation 0.00 58101 29.36 34.61
SHW Sherwin-Williams Company 0.00 436829 87.84 183.78
GWW W.W. Grainger 0.00 51075 187.08 255.63
BF.B Brown-Forman Corporation 0.00 44283 80.50 0.00
GPN Global Payments 0.00 276640 47.37 48.30
KMR Kinder Morgan Management 0.00 55730 78.51 80.08
AFL AFLAC Incorporated 0.00 6750 40.00 57.91
ARG Airgas 0.00 14188 77.94 96.99
ADP Automatic Data Processing 0.00 323394 54.01 69.54
BBY Best Buy 0.00 25471 23.35 27.79
BA Boeing Company 0.00 24383 73.39 103.38
DOW Dow Chemical Company 0.00 32727 28.76 34.56
HRS Harris Corporation 0.00 751029 36.04 50.41
INTC Intel Corporation 0.00 542833 24.25 25.54
MDT Medtronic 0.00 151500 38.25 52.81
SCHN Schnitzer Steel Industries 0.00 18924 42.27 24.71
HOG Harley-Davidson 0.00 102150 40.00 54.43
JCI Johnson Controls 0.00 135608 31.27 37.51
PLL Pall Corporation 0.00 33942 57.12 68.70
NWL Newell Rubbermaid 0.00 22894 16.13 27.09
PGN Progress Energy 0.00 11744 56.08 0.00
RF Regions Financial Corporation 0.00 51612 4.30 9.06
LH Laboratory Corp. of America Holdings 0.00 38407 85.95 100.85
LVS Las Vegas Sands 0.00 49246 42.50 57.11
NOK Nokia Corporation 0.00 39092 4.85 3.85
ACIW ACI Worldwide 0.00 8400 28.61 45.05
EMR Emerson Electric 0.00 542496 47.00 57.41
IFF International Flavors & Fragrances 0.00 15685 52.39 79.99
ADI Analog Devices 0.00 14801 35.77 46.56
TE TECO Energy 0.00 11785 20.00 17.34
CATO Cato Corporation 0.00 128888 24.31 25.50
CINF Cincinnati Financial Corporation 0.00 213174 30.46 46.66
EQR Equity Residential 0.00 9470 57.89 56.38
MTD Mettler-Toledo International 0.00 36924 147.64 215.96
NOV National-Oilwell Var 0.00 420097 67.98 71.39
MOLXA Molex Incorporated 0.00 10475 19.76 25.21
RTN Raytheon Company 0.00 8578 48.34 67.56
CVS CVS Caremark Corporation 0.00 132689 40.79 59.64
CPB Campbell Soup Company 0.00 558712 33.24 45.70
CTL CenturyLink 0.00 228048 37.14 35.93
KR Kroger 0.00 15128 24.18 35.57
Potash Corp. Of Saskatchewan I 0.00 31926 41.30 0.00
ADTN ADTRAN 0.00 18210 30.12 24.31
BDX Becton, Dickinson and 0.00 661854 74.72 99.77
HP Helmerich & Payne 0.00 6100 58.00 64.46
MRCY Mercury Computer Systems 0.00 1016701 13.35 9.43
APD Air Products & Chemicals 0.00 49143 85.19 96.81
NVS Novartis AG 0.00 1027481 58.01 72.76
CASY Casey's General Stores 0.00 79988 51.51 61.06
PRGS Progress Software Corporation 0.00 47628 19.36 22.86
PCL Plum Creek Timber 0.00 240142 36.56 47.01
MSM MSC Industrial Direct 0.00 247243 71.56 81.48
CVG Convergys Corporation 0.00 20430 12.78 18.33
BID Sotheby's 0.00 393533 27.90 39.44
LMT Lockheed Martin Corporation 0.00 23222 80.90 108.55
AGN Allergan 0.00 94422 87.73 101.08
ALL Allstate Corporation 0.00 13160 27.00 47.44
MO Altria 0.00 582286 29.65 36.09
AMGN Amgen 0.00 121414 64.22 101.60
APC Anadarko Petroleum Corporation 0.00 36458 76.35 86.81
BHI Baker Hughes Incorporated 0.00 10699 48.56 46.58
BBT BB&T; Corporation 0.00 62665 25.12 33.24
BRK.A Berkshire Hathaway 0.00 341 114754.39 0.00
COF Capital One Financial 0.00 9345 42.35 62.06
Cenovus Energy 0.00 11370 32.50 0.00
CL Colgate-Palmolive Company 0.00 89929 92.38 59.43
COP ConocoPhillips 0.00 142608 72.87 62.11
DE Deere & Company 0.00 285209 77.35 85.36
DEO Diageo 0.00 323772 87.42 119.77
DTV DIRECTV 0.00 16159 42.88 63.60
ERIC Telefonaktiebolaget LM Ericsson 0.00 32468 10.13 12.15
GIS General Mills 0.00 10172 40.47 49.78
GSK GlaxoSmithKline 0.00 67976 45.63 52.22
HAL Halliburton Company 0.00 18370 34.52 44.20
HPQ Hewlett-Packard Company 0.00 121650 25.76 25.54
HMC HONDA MOTOR 0.00 16220 30.58 37.37
HON Honeywell International 0.00 45387 54.35 80.74
MMC Marsh & McLennan Companies 0.00 25860 31.64 40.01
Nextera Energy 0.00 22485 60.91 0.00
NKE NIKE 0.00 20515 96.00 62.20
PM Philip Morris International 0.00 407957 78.26 92.77
PX Praxair 0.00 64641 104.84 119.68
PG Procter & Gamble Company 0.00 816221 66.88 79.14
RDS.A Royal Dutch Shell 0.00 71498 73.11 0.00
RDS.B Royal Dutch Shell 0.00 5130 76.02 0.00
SIAL Sigma-Aldrich Corporation 0.00 29228 62.45 81.77
SYK Stryker Corporation 0.00 48751 49.70 67.75
TGT Target Corporation 0.00 86310 51.22 69.75
TEF Telefonica S.A. 0.00 12037 17.20 13.57
TXN Texas Instruments Incorporated 0.00 38659 29.11 36.10
AEP American Electric Power Company 0.00 9943 41.25 45.73
Agilent Technologies Inc C ommon 0.00 35142 34.91 0.00
CA CA 0.00 795194 20.21 28.24
IWD iShares Russell 1000 Value Index 0.00 274803 63.47 85.72
IVV iShares S&P; 500 Index 0.00 425715 126.04 166.48
EFA iShares MSCI EAFE Index Fund 0.00 122111 49.33 61.04
BIIB Biogen Idec 0.00 17541 110.00 210.13
F Ford Motor Company 0.00 31834 11.11 15.60
SATS Echostar Corporation 0.00 355032 20.94 40.03
EXC Exelon Corporation 0.00 8420 43.42 30.98
LLTC Linear Technology Corporation 0.00 20143 29.75 37.38
SPLS Staples 0.00 30464 13.90 16.32
DELL Dell 0.00 1472149 14.63 13.46
FCX Freeport-McMoRan Copper & Gold 0.00 659463 36.79 29.82
GILD Gilead Sciences 0.00 24467 41.00 51.76
EMC EMC Corporation 0.00 107146 21.53 25.28
JEC Jacobs Engineering 0.00 47745 40.57 57.55
HSIC Henry Schein 0.00 460502 64.43 97.84
SO Southern Company 0.00 20786 46.27 44.65
ITW Illinois Tool Works 0.00 921990 46.71 71.09
HAR Harman International Industries Inc./DE/ 0.00 680280 38.04 52.78
SBUX Starbucks Corporation 0.00 45325 46.03 67.11
BF.A Brown-Forman Corporation 0.00 27746 79.25 0.00
EOG EOG Resources 0.00 3565 97.30 136.59
HCCI Heritage-Crystal Clean 0.00 103518 16.56 15.36
MAR Marriott International 0.00 210703 29.17 40.86
NSH NuStar GP Holdings 0.00 10000 33.20 25.62
Brookfield Infrastructure Part 0.00 322779 27.70 0.00
CLX Clorox Company 0.00 5487 66.52 85.62
MKL Markel Corporation 0.00 1705 414.93 527.09
CVH Coventry Health Care 0.00 17450 30.37 0.00
HSY Hershey Company 0.00 12364 61.82 89.59
K Kellogg Company 0.00 11444 50.67 64.79
DLTR Dollar Tree 0.00 4246 82.99 50.41
FDS FactSet Research Systems 0.00 116834 87.23 98.70
FSP Franklin Street Properties 0.00 23696 9.96 13.48
EPR Entertainment Properties Trust 0.00 5320 43.70 52.38
KNX Knight Transportation 0.00 1149893 15.83 17.01
BCPC Balchem Corporation 0.00 108251 40.00 46.51
ASCMA Ascent Media Corporation 0.00 446972 50.70 74.02
DISCK Discovery Communications 0.00 520 38.46 69.89
OMC Omni 0.00 21356 44.66 64.04
SD SandRidge Energy 0.00 24242 8.16 4.95
DISCA Discovery Communications 0.00 1334992 40.97 78.02
BECN Beacon Roofing Supply 0.00 27250 20.27 40.80
AVB AvalonBay Communities 0.00 33993 130.60 134.84
GGT Gabelli Global Multimedia Trust 0.00 33260 6.22 9.54
CSGP CoStar 0.00 249263 65.91 124.20
DOV Dover Corporation 0.00 273880 58.04 80.39
FTR Frontier Communications 0.00 71980 5.17 4.03
AMAT Applied Materials 0.00 15481 10.73 15.96
Arch Capital 0.00 693232 37.29 0.00
CNQR Concur Technologies 0.00 366644 50.81 80.49
FAST Fastenal Company 0.00 151977 43.61 47.40
FSC Fifth Street Finance 0.00 32000 9.56 10.31
FSLR First Solar 0.00 9848 50.00 44.54
IEX IDEX Corporation 0.00 515448 37.10 54.68
ORCL Oracle Corporation 0.00 2005430 25.65 34.51
PETD Petroleum Development Corporation 0.00 10650 35.12 0.00
SJM J.M. Smucker Company 0.00 13120 78.27 103.52
AAN.A Aaron's 0.00 1218275 26.67 0.00
MRO Marathon Oil Corporation 0.00 15512 29.29 36.31
NNI Nelnet 0.00 19500 24.46 37.16
AMZN Amazon 0.00 8950 173.30 281.97
FRX Forest Laboratories 0.00 26540 30.26 41.67
NIHD NII Holdings 0.00 65753 21.31 6.90
TECH Techne Corporation 0.00 7225 68.33 68.50
HUBG Hub 0.00 184725 32.43 35.54
LSTR Landstar System 0.00 18685 47.90 52.73
FUN Cedar Fair 0.00 83887 21.45 40.96
DCI Donaldson Company 0.00 76570 68.08 36.35
HNZ H.J. Heinz Company 0.00 61757 54.03 0.00
Gold 0.00 120705 45.07 0.00
IBB iShares NASDAQ Biotechnology Index 0.00 13908 104.33 176.00
MMS MAXIMUS 0.00 527127 41.20 76.80
XLE Energy Select Sector SPDR 0.00 87 68.97 81.65
PWR Quanta Services 0.00 21881 20.41 27.15
PSSI PSS World Medical 0.00 1273265 24.19 0.00
SBAC SBA Communications Corporation 0.00 42227 42.96 75.38
SSI Stage Stores 0.00 11100 13.87 22.77
SLGN Silgan Holdings 0.00 12180 38.67 47.63
GMCR Green Mountain Coffee Roasters 0.00 18664 33.33 80.59
DLB Dolby Laboratories 0.00 7500 31.43 34.30
ARRY Array BioPharma 0.00 10253 2.15 5.00
AGP AMERIGROUP Corporation 0.00 60659 59.00 0.00
BC Brunswick Corporation 0.00 34200 18.07 31.42
Enbridge 0.00 6800 37.35 0.00
Enterprise Products Partners 0.00 31243 46.37 0.00
GCA Global Cash Access Holdings 0.00 30150 4.44 6.52
GIFI Gulf Island Fabrication 0.00 168342 29.19 20.97
IWM iShares Russell 2000 Index 0.00 20173 73.77 99.26
LNN Lindsay Corporation 0.00 85204 50.00 79.15
MXWL Maxwell Technologies 0.00 12459 16.21 6.96
MSCC Microsemi Corporation 0.00 821005 16.75 21.77
STON StoneMor Partners 0.00 12550 23.48 25.98
AEL American Equity Investment Life Holding 0.00 358016 10.41 16.44
ARCC Ares Capital Corporation 0.00 15156 15.45 16.83
CSH Cash America International 0.00 5580 46.59 47.82
DM Dolan Company 0.00 24413 8.52 1.63
Flextronics International Ltd Com Stk 0.00 109226 5.66 0.00
ZINC HORSEHEAD HOLDING 0.00 58755 9.00 12.39
IRDM Iridium Communications 0.00 100000 7.71 7.26
IWB iShares Russell 1000 Index 0.00 24120 69.40 92.03
MEAS Measurement Specialties 0.00 157573 27.92 46.30
AAWW Atlas Air Worldwide Holdings 0.00 9100 38.46 46.70
AIRM Air Methods Corporation 0.00 56190 84.51 38.41
ALGN Align Technology 0.00 12024 23.78 36.03
ALTR Altera Corporation 0.00 38767 35.29 32.92
ATU Actuant Corporation 0.00 676112 22.60 32.86
AYI Acuity Brands 0.00 491104 53.01 78.32
BBG Bill Barrett Corporation 0.00 66949 34.07 22.97
BHP BHP Billiton 0.00 80851 70.63 62.53
BRC Brady Corporation 0.00 107870 31.61 31.04
BRKR Bruker Corporation 0.00 406326 12.42 16.87
CHSI Catalyst Health Solutions 0.00 120045 52.20 0.00
CRR CARBO Ceramics 0.00 93703 123.37 72.79
CRZO Carrizo Oil & Gas 0.00 14186 26.43 28.77
DRQ Dril-Quip 0.00 188473 65.83 92.36
ERII Energy Recovery 0.00 846123 2.58 4.39
FULT Fulton Financial 0.00 177707 9.81 11.35
GDI Gardner Denver 0.00 333168 76.52 75.45
GES Guess? 0.00 923530 29.82 32.19
GFIG GFI 0.00 610507 4.17 4.17
GME GameStop 0.00 992682 24.14 38.53
HME Home Properties 0.00 124940 57.50 62.45
IDCC InterDigital 0.00 40055 43.62 46.65
INTU Intuit 0.00 14678 52.55 59.01
IPGP IPG Photonics Corporation 0.00 54121 33.87 62.88
JMP JMP 0.00 36475 7.16 6.66
LLL L-3 Communications Holdings 0.00 8702 66.62 86.60
LXU LSB Industries 0.00 114604 27.98 33.25
MFB Maidenform Brands 0.00 59240 18.31 18.28
MIDD Middleby Corporation 0.00 47288 94.03 169.50
MPW Medical Properties Trust 0.00 13100 9.85 15.10
NWBI Northwest Bancshares 0.00 17900 12.46 12.51
OII Oceaneering International 0.00 332162 46.15 73.88
OKS Oneok Partners 0.00 11430 57.66 49.79
PEGA Pegasystems 0.00 996419 29.39 32.67
PPO Polypore International 0.00 115709 43.91 41.22
RNST Renasant 0.00 271378 15.00 23.85
ROG Rogers Corporation 0.00 169185 36.86 48.51
ROVI Rovi Corporation 0.00 19696 24.52 24.81
SIRI Sirius XM Radio 0.00 22720 1.77 3.43
STR Questar Corporation 0.00 97820 20.00 24.18
TDY Teledyne Technologies Incorporated 0.00 7980 54.89 77.18
TFX Teleflex Incorporated 0.00 5250 61.23 78.20
ALXN Alexion Pharmaceuticals 0.00 5204 71.43 95.25
AMCC Applied Micro Circuits Corporation 0.00 2397736 6.72 9.71
APEI American Public Education 0.00 21815 43.28 38.82
ARMH ARM Holdings 0.00 19782 27.61 39.46
ATHN athenahealth 0.00 56751 49.13 90.81
BWA BorgWarner 0.00 12461 62.97 86.64
CBZ CBIZ 0.00 36230 6.10 6.65
CELG Celgene Corporation 0.00 19585 67.59 119.71
CREE Cree 0.00 14905 22.13 66.09
DNR Denbury Resources 0.00 73721 15.11 18.40
FLS Flowserve Corporation 0.00 4784 99.17 166.34
GHM Graham Corporation 0.00 84901 22.45 27.50
HAIN Hain Celestial 0.00 58409 35.56 68.13
HXL Hexcel Corporation 0.00 1318792 24.21 35.19
INFA Informatica Corporation 0.00 273737 36.90 36.34
MFA MFA Mortgage Investments 0.00 789285 6.72 8.71
MNRO Monro Muffler Brake 0.00 231289 38.81 49.75
NGG National Grid 0.00 5423 48.50 59.06
NRP Natural Resource Partners 0.00 9000 27.11 22.46
NSR Neustar 0.00 83490 34.48 49.52
PLCM Poly 0.00 108866 16.24 10.84
PMFG PMFG 0.00 459611 19.51 6.53
PNRA Panera Bread Company 0.00 3824 141.38 188.77
ROC Rockwood Holdings 0.00 576517 39.37 67.32
RRR RSC Holdings 0.00 82894 18.50 0.00
SPTN Spartan Stores 0.00 125740 18.48 18.76
TNC Tennant Company 0.00 139018 38.87 51.20
TRAK DealerTrack Holdings 0.00 20885 27.23 34.88
WTR Aqua America 0.00 93600 22.09 31.74
ADC Agree Realty Corporation 0.00 126056 24.38 31.93
AOS A. O. Smith Corporation 0.00 223990 40.12 39.24
ASEI American Science & Engineering 0.00 156642 68.09 59.41
BFS Saul Centers 0.00 136294 35.00 44.78
CCC Calgon Carbon Corporation 0.00 159502 15.71 16.85
CHD Church & Dwight 0.00 154537 45.75 61.70
CLC CLARCOR 0.00 63497 49.99 55.13
HCSG Healthcare Services 0.00 415168 17.69 23.53
IBI Interline Brands 0.00 1335822 15.57 0.00
KAMN Kaman Corporation 0.00 12370 27.32 34.32
KNOL Knology 0.00 2414550 14.20 0.00
LQDT Liquidity Services 0.00 13326 36.96 31.80
MDR McDermott International 0.00 15803 11.52 9.00
MKC McCormick & Company, Incorporated 0.00 492232 50.42 73.01
NPBC National Penn Bancshares 0.00 12000 8.50 9.71
SGU Star Gas Partners 0.00 70000 4.87 4.88
SRI Stoneridge 0.00 259971 8.44 12.04
Sunopta 0.00 774677 4.82 0.00
CIGX Star Scientific 0.00 21700 2.17 0.00
AME AMETEK 0.00 51786 42.10 42.29
ATRO Astronics Corporation 0.00 180791 35.81 41.05
CASS Cass Information Systems 0.00 5500 36.36 46.90
CVLT CommVault Systems 0.00 312938 42.73 78.01
FLO Flowers Foods 0.00 109245 18.98 34.85
MMP Magellan Midstream Partners 0.00 133458 68.88 53.87
Onebeacon Insurance Group Ltd Cl-a 0.00 222280 14.86 0.00
OCFC OceanFirst Financial 0.00 275094 13.08 14.63
PL Protective Life 0.00 21079 22.58 39.22
PNR Pentair 0.00 167180 33.33 59.59
SASR Sandy Spring Ban 0.00 21629 17.37 21.60
SHBI Shore Bancshares 0.00 107019 5.15 7.39
ERIE Erie Indemnity Company 0.00 92096 78.17 76.34
GCOM Globecomm Systems 0.00 586918 13.68 13.07
KDN Kaydon Corporation 0.00 9175 30.52 27.36
KMP Kinder Morgan Energy Partners 0.00 118187 84.98 84.29
NEOG Neogen Corporation 0.00 31423 30.65 55.05
BCO Brink's Company 0.00 135957 26.88 27.22
DBLE Double Eagle Petroleum 0.00 57322 6.87 4.23
HCP HCP 0.00 74707 41.35 46.01
KMGB KMG Chemicals 0.00 251268 17.28 0.00
MDC PARTNERS INC CL A SUB Vtg 0.00 19880 13.53 0.00
CLICKSOFTWARE TECHNOLOGIES Ltd Com Stk 0.00 363878 9.59 0.00
FRT Federal Realty Inv. Trust 0.00 22983 90.74 103.72
HTGC Hercules Technology Growth Capital 0.00 207000 9.45 13.51
XLK Technology SPDR 0.00 2960 25.34 31.89
XLB Materials SPDR 0.00 400 32.50 40.63
QQQQ PowerShares QQQ Trust, Series 1 0.00 6750 56.09 0.00
MCGC MCG Capital Corporation 0.00 317120 4.06 5.07
EML Eastern Company 0.00 176758 20.10 15.25
EEI Ecology and Environment 0.00 45130 16.19 12.49
ITB iShares Dow Jones US Home Const. 0.00 1625 11.69 24.19
MELA MELA Sciences 0.00 289900 3.60 0.84
NX Quanex Building Products Corporation 0.00 1696169 15.02 18.00
KRE SPDR KBW Regional Banking 0.00 300 23.33 32.66
TESS TESSCO Technologies 0.00 66792 13.67 24.62
Nabors Industries Ltd shs 0.00 23830 17.33 0.00
SNI Scripps Networks Interactive 0.00 579866 42.44 68.51
Suncor Energy 0.00 22794 28.82 0.00
IWF iShares Russell 1000 Growth Index 0.00 51605 57.83 75.05
BXP Boston Properties 0.00 12165 99.59 110.61
Bank Of America Corporation warrant 0.00 2000 2.00 0.00
GVP GSE Systems 0.00 145321 1.95 1.56
EWZ iShares MSCI Brazil Index 0.00 61673 57.39 46.87
OEF iShares S&P; 100 Index 0.00 30069 57.03 74.64
IVW iShares S&P; 500 Growth Index 0.00 1815 67.22 86.99
IVE iShares S&P; 500 Value Index 0.00 1280 57.81 78.19
IWR iShares Russell Midcap Index Fund 0.00 918 98.00 133.01
IJH iShares S&P; MidCap 400 Index 0.00 15620 87.60 118.78
IJK iShares S&P; MidCap 400 Growth 0.00 250 100.00 132.77
IWN iShares Russell 2000 Value Index 0.00 26541 65.66 87.46
IWO iShares Russell 2000 Growth Index 0.00 22530 84.22 114.34
MASI Masimo Corporation 0.00 851095 18.69 22.37
OKE ONEOK 0.00 4200 86.67 44.30
RRTS Roadrunner Transportation Services Hold. 0.00 899916 13.96 27.77
XLF Financial Select Sector SPDR 0.00 1700 12.94 19.79
SPG Simon Property 0.00 3774 128.91 166.12
MDY SPDR S&P; MidCap 400 ETF 0.00 81827 159.49 216.12
Sxc Health Solutions 0.00 401813 55.86 0.00
NCMI National CineMedia 0.00 764490 12.16 16.91
RAX Rackspace Hosting 0.00 8613 42.96 36.62
SFSF SuccessFactors 0.00 727082 39.87 0.00
KAR KAR Auction Services 0.00 17900 13.52 23.40
XLU Utilities SPDR 0.00 30500 36.00 38.29
IYR iShares Dow Jones US Real Estate 0.00 33070 56.82 68.29
Jpmorgan Chase & Co. w exp 10/201 0.00 20000 8.50 0.00
EWY iShares MSCI South Korea Index Fund 0.00 501 51.90 54.56
TDSC 3D Systems Corporation 0.00 19195 14.44 0.00
EGBN Eagle Ban 0.00 95699 14.53 23.02
GLF GulfMark Offshore 0.00 10000 42.00 46.26
KRG Kite Realty Group Trust 0.00 10000 4.50 6.00
N NetSuite 0.00 7750 40.52 88.15
OAS Oasis Petroleum 0.00 8800 29.09 41.98
FIRE Sourcefire 0.00 36200 32.38 55.01
BPAX BioSante Pharmaceuticals 0.00 60000 0.50 1.24
IDU iShares Dow Jones US Utilities 0.00 111 90.09 95.82
PBW PowerShares WilderHill Clean Energy 0.00 752 5.71 5.41
Global Power Equipment Grp I 0.00 235405 23.75 0.00
ORIT Oritani Financial 0.00 237721 12.76 15.35
QEP QEP Resources 0.00 105865 29.32 29.51
SIX Six Flags Entertainment 0.00 10056 38.46 74.69
DVY iShares Dow Jones Select Dividend 0.00 84485 53.77 65.50
IJR iShares S&P; SmallCap 600 Index 0.00 13429 68.56 92.18
PHO PowerShares Water Resources 0.00 9106 17.17 22.59
EWM iShares MSCI Malaysia Index Fund 0.00 12500 13.36 15.88
PRF PowerShares FTSE RAFI US 1000 0.00 300 53.33 74.29
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid 0.00 5790 59.93 82.99
EFV iShares MSCI EAFE Value Index 0.00 90599 42.70 51.86
ILF iShares S&P; Latin America 40 Index 0.00 19655 42.61 38.05
IDX Market Vectors Indonesia Index 0.00 925 28.11 29.22
FXCB Fox Chase Ban 0.00 11200 12.59 16.83
PPBI Pacific Premier Ban 0.00 184877 6.48 11.61
DMAN DemandTec 0.00 2338808 13.17 0.00
FTNT Fortinet 0.00 14802 21.79 17.91
EPP iShares MSCI Pacific ex-Japan Idx 0.00 11914 38.95 45.84
IWP iShares Russell Midcap Growth Idx. 0.00 140 57.14 73.60
IJT iShares S&P; SmallCap 600 Growth 0.00 3409 74.46 99.17
KRA Kraton Performance Polymers 0.00 66836 20.25 19.73
SDY SPDR S&P; Dividend 0.00 165748 54.84 68.47
Cincinnati Bell Inc 6.75% Cum pfd 0.00 11800 38.90 0.00
UTF Cohen & Steers infrastucture Fund 0.00 34500 15.81 19.57
ICF iShares Cohen & Steers Realty Maj. 0.00 10125 70.22 82.33
IJS iShares S&P; SmallCap 600 Value Idx 0.00 465 70.00 95.32
GM General Motors Company 0.00 999736 20.87 34.17
General Growth Properties 0.00 14041 15.03 0.00
AMNB American National BankShares 0.00 34100 19.47 22.95
AGX Argan 0.00 241399 15.21 17.48
CFFND Capitol Federal Financial 0.00 508862 11.55 0.00
GBDC Golub Capital BDC 0.00 253099 15.50 17.83
GOV Government Properties Income Trust 0.00 9275 22.53 24.74
EWC iShares MSCI Canada Index 0.00 2500 26.40 27.74
KED Kayne Anderson Energy Development 0.00 14500 21.39 25.72
NAUH National American Univ. Holdings 0.00 22350 7.60 3.56
O'reilly Automotive 0.00 3001 0.00 0.00
Apco Oil And Gas Internat shs 0.00 192757 81.72 0.00
Maiden Holdings Ltd shs 0.00 546940 8.77 0.00
EWS iShares MSCI Singapore Index Fund 0.00 13000 10.85 13.35
KYN Kayne Anderson MLP Investment 0.00 207483 30.36 37.48
BRF Market Vectors Brazil Small Cap ETF 0.00 163911 36.51 33.73
BJK Market Vectors Gaming 0.00 1055 30.33 42.65
MKC.V McCormick & Company, Incorporated 0.00 200 50.00 0.00
KYE Kayne Anderson Energy Total Return Fund 0.00 30715 25.32 29.75
RWR SPDR DJ Wilshire REIT 0.00 105420 64.40 77.44
BKF iShares MSCI BRIC Index Fund 0.00 1100 36.36 35.49
IGE iShares S&P; NA Nat. Re. Sc. Idx. Fd 0.00 4545 38.06 40.37
General Mtrs Co jr pfd cnv srb 0.00 6000 34.17 0.00
RVT Royce Value Trust 0.00 131449 12.66 15.43
RWX SPDR DJ International Real Estate ETF 0.00 8999 31.83 41.40
ISHARES TR MSCI Small Cap msci small cap 0.00 28840 34.77 0.00
IWC iShares Russell Microcap Index 0.00 1004 44.82 62.63
IJJ iShares S&P; MidCap 400 Value Index 0.00 250 76.00 103.56
PGJ PowerShares Gld Drg Haltr USX China 0.00 1400 19.29 21.51
PID PowerShares Intl. Dividend Achiev. 0.00 2244 14.71 17.07
GWX SPDR S&P; International Small Cap 0.00 8086 25.23 30.24
IYE iShares Dow Jones US Energy Sector 0.00 5010 39.92 46.48
IYW iShares Dow Jones US Technology 0.00 1071 70.42 77.02
ACWX iShares MSCI ACWI ex US Index Fund 0.00 72 41.67 43.04
EFG iShares MSCI EAFE Growth Index 0.00 82899 52.02 65.24
IXJ iShares S&P; Global Healthcare Sect. 0.00 300 56.67 77.46
IGN iShares S&P; NA Tec.-Mul. Net. Idx. 0.00 63 31.75 29.92
IGM iShares S&P; NA Tech. Sec. Idx. Fd. 0.00 525 59.05 77.12
Royce Focus Tr 0.00 19410 6.29 0.00
RMT Royce Micro Capital Trust 0.00 207650 9.40 10.92
GMF SPDR S&P; Emerging Asia Pacific 0.00 4728 65.99 74.02
PEY PowerShares High Yld. Dividend Achv 0.00 3400 9.12 10.75
Horizon Technology Fin 0.00 491981 16.32 0.00
Ega Emerging Global Shs Tr emrg gl dj shs 0.00 13500 22.00 0.00
EWX SPDR S&P; Emerging Markets Small Cap 0.00 7939 37.78 46.25
MTK SPDR Morgan Stanley Technology 0.00 3075 58.54 77.15
TAN Claymore/MAC Global Solar Index 0.00 10950 2.47 24.17
EMIF S&P; Emerging Markets Infrastruct. Ind Fd 0.00 3000 29.00 32.18
PXI PowerShares Dynamic Energy Sector 0.00 1700 38.24 49.86
BIK SPDR S&P; BRIC 40 0.00 900 22.22 21.22
FLY Fly Leasing 0.00 227680 12.50 16.58
BDT BlackRock Strategic Div Achievers Trust 0.00 11364 9.77 0.00
Exfo 0.00 1381917 5.86 0.00
RNET RigNet 0.00 326166 16.75 25.03
Sodastream International 0.00 813739 32.68 0.00
GLUU Glu Mobile 0.00 10000 3.10 2.39
RAND Rand Capital Corporation 0.00 166375 3.10 2.90
NBBC NewBridge Ban 0.00 11918 3.86 6.24
ETAK Elephant Talk Communications 0.00 10000 2.60 0.67
Black Diamond 0.00 25000 7.48 0.00
Covidien 0.00 21711 45.14 0.00
Te Connectivity Ltd for 0.00 13372 30.84 0.00
Ann 0.00 544171 24.77 0.00
Apollo Global Management 'a' 0.00 250000 12.41 0.00
Citi 0.00 23943 26.32 0.00
Cavium 0.00 432207 27.85 0.00
Interactive Intelligence 0.00 575613 22.92 0.00
General Mtrs Co *w exp 07/10/201 0.00 528 20.83 0.00
General Mtrs Co *w exp 07/10/201 0.00 528 0.00 0.00
Boingo Wireless 0.00 173657 8.38 0.00
Cys Investments 0.00 354777 13.13 0.00
Liberty Media Corp lcpad 0.00 59315 79.55 0.00
Beam 0.00 6276 51.95 0.00
Marriott Vacations Wrldwde Cp 0.00 16969 16.95 0.00
J Global 0.00 13310 28.17 0.00
Rentech Nitrogen Partners L 0.00 48365 16.45 0.00