Brown Advisory Holdings Incorporated

Brown Advisory Holdings Incorporated portfolio companies for December 2011 quarter

Company (Ticker) Portfolio Weight Share Count Price Last Trade
Google (GOOG) 0.04 876018 645.93 554.33
MasterCard Incorporated (MA) 0.03 1.17M 372.82 87.52
Apple (AAPL) 0.03 912317 405.00 123.28
QUALCOMM (QCOM) 0.03 7.24M 54.70 71.27
Express Scripts (ESRX) 0.03 8.34M 44.69 82.05
Cognizant Technology Solutions (CTSH) 0.02 3.13M 64.31 60.57
ANSYS (ANSS) 0.02 3.45M 57.28 85.06
Costco Wholesale Corporation (COST) 0.02 3.19M 83.32 148.30
Exxon Mobil Corporation (XOM) 0.02 3.28M 84.76 84.57
Coach (COH) 0.02 4.60M 61.04 40.63
Core Laboratories N.V. (CLB) 0.02 1.83M 113.95 105.11
FMC Technologies (FTI) 0.02 5.20M 52.23 37.08
IDEXX Laboratories (IDXX) 0.02 2.78M 76.96 149.73
NetApp (NTAP) 0.02 6.24M 36.27 37.63
DaVita (DVA) 0.02 3.21M 75.81 78.60
Fossil (FOSL) 0.02 2.77M 79.36 80.61
Fluor Corporation (FLR) 0.02 5.73M 50.22 57.12
Intuitive Surgical (ISRG) 0.02 580638 463.01 489.66
Schlumberger (SLB) 0.02 4.46M 68.31 81.67
Danaher Corporation (DHR) 0.02 5.13M 47.04 84.59
Canadian Natural Resources 0.02 5.88M 37.37 0.00
Stericycle (SRCL) 0.02 2.87M 77.92 135.67
Accenture 0.02 4.70M 53.23 0.00
Roper Industries (ROP) 0.02 2.91M 86.87 166.10
Amphenol Corporation (APH) 0.02 5.06M 45.17 57.35
Covance (CVD) 0.02 5.24M 45.72 0.00
Microsoft Corporation (MSFT) 0.01 5.64M 25.96 42.00
Charles Schwab Corporation (SCHW) 0.01 14.61M 11.26 30.86
American Express Company (AXP) 0.01 1.59M 47.17 79.39
Berkshire Hathaway (BRK.B) 0.01 1.20M 76.30 0.00
Canadian Natl Ry 0.01 1.19M 78.57 0.00
Johnson & Johnson (JNJ) 0.01 1.49M 65.58 98.55
Pfizer (PFE) 0.01 3.43M 21.50 33.78
Walt Disney Company (DIS) 0.01 2.12M 37.50 103.60
Citrix Systems (CTXS) 0.01 2.67M 60.72 59.63
Kraft Foods (KFT) 0.01 1.94M 37.36 0.00
T. Rowe Price (TROW) 0.01 1.36M 58.44 81.65
E.I. du Pont de Nemours & Company (DD) 0.01 2.36M 45.78 79.13
International Business Machines (IBM) 0.01 477170 183.88 158.25
Merck & Co (MRK) 0.01 3.82M 37.70 56.20
Occidental Petroleum Corporation (OXY) 0.01 1.56M 93.70 74.23
Pepsi (PEP) 0.01 1.69M 66.35 93.96
Lowe's Companies (LOW) 0.01 3.83M 25.38 73.15
Southwestern Energy Company (SWN) 0.01 2.70M 31.94 21.94
Mead Johnson Nutrition (MJN) 0.01 2.39M 68.73 98.45
salesforce (CRM) 0.01 1.76M 101.46 64.26
ABB (ABB) 0.01 5.32M 18.83 20.21
National Instruments (NATI) 0.01 7.17M 25.98 30.70
Genpact Limited shs 0.01 10.47M 14.95 0.00
Kinder Morgan 0.01 3.14M 32.17 0.00
BP (BP) 0.00 30834 42.73 38.44
Chubb Corporation (CB) 0.00 537247 69.22 98.78
Diamond Offshore Drilling (DO) 0.00 29472 55.26 26.52
Loews Corporation (L) 0.00 751976 37.65 39.42
* 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
Comcast Corporation (CMCSA) 0.00 277014 23.73 58.60
Banco Santander (BSBR) 0.00 140200 8.14 4.35
Owens Corning (OC) 0.00 1.28M 28.72 40.03
HSBC Holdings (HBC) 0.00 122306 38.10 0.00
iShares FTSE/Xinhua China 25 Index (FXI) 0.00 12162 34.86 40.81
Tenaris S.A. (TS) 0.00 6625 37.13 27.37
iShares MSCI Emerging Markets Indx (EEM) 0.00 127350 37.98 38.45
Corning Incorporated (GLW) 0.00 204763 12.98 22.80
BlackRock (BLK) 0.00 5132 166.67 357.74
Broadridge Financial Solutions (BR) 0.00 321912 22.54 51.66
CME (CME) 0.00 99867 243.66 95.64
Genworth Financial (GNW) 0.00 94647 6.55 7.13
Goldman Sachs (GS) 0.00 260880 90.45 184.67
JPMorgan Chase & Co. (JPM) 0.00 287358 33.25 60.16
Progressive Corporation (PGR) 0.00 10898 19.50 26.15
Renaissance Re Holdings Ltd Cmn 0.00 322889 74.37 0.00
Starwood Property Trust (STWD) 0.00 240949 18.51 23.57
State Street Corporation (STT) 0.00 13999 40.00 72.30
First Citizens BancShares (FCNCA) 0.00 31708 175.00 243.60
Fidelity National Information Services (FIS) 0.00 13751 26.58 65.10
Ace Limited Cmn 0.00 471427 70.12 0.00
PNC Financial Services (PNC) 0.00 207628 57.70 93.21
Bank of America Corporation (BAC) 0.00 2.46M 5.56 15.95
Bank of New York Mellon Corporation (BK) 0.00 100440 19.91 39.44
FTI Consulting (FCN) 0.00 7863 42.48 36.17
KKR Financial Holdings (KFN) 0.00 37537 8.73 0.00
Northern Trust Corporation (NTRS) 0.00 708449 39.66 69.63
DST Systems (DST) 0.00 68385 45.60 105.19
SLM Corporation (SLM) 0.00 10300 13.40 9.06
Suntrust Banks Inc $1.00 Par Cmn 0.00 24033 17.58 0.00
Affiliated Managers (AMG) 0.00 3089 95.86 209.73
CapitalSource (CSE) 0.00 247135 6.71 15.50
Equifax (EFX) 0.00 19428 38.78 91.97
Caterpillar (CAT) 0.00 71121 90.60 79.57
Coca-Cola Company (KO) 0.00 423529 69.97 40.22
Crown Castle International (CCI) 0.00 555622 44.76 84.48
CSX Corporation (CSX) 0.00 56704 21.07 33.62
Devon Energy Corporation (DVN) 0.00 10019 61.91 57.71
Ecolab (ECL) 0.00 53091 57.79 115.32
Expeditors International of Washington (EXPD) 0.00 25347 40.95 47.74
FedEx Corporation (FDX) 0.00 13674 83.44 170.82
IAC/InterActive (IACI) 0.00 11316 42.60 68.07
M&T; Bank Corporation (MTB) 0.00 366192 76.34 121.63
McDonald's Corporation (MCD) 0.00 138280 100.52 96.21
Monsanto Company (MON) 0.00 16561 69.95 117.22
Range Resources (RRC) 0.00 9378 62.50 47.15
Home Depot (HD) 0.00 177436 42.04 113.11
Abbott Laboratories (ABT) 0.00 605473 56.23 46.40
Baxter International (BAX) 0.00 24095 49.49 67.92
Incyte Corporation (INCY) 0.00 777350 15.02 88.43
Eli Lilly & Co. (LLY) 0.00 83406 41.50 68.81
Health Care SPDR (XLV) 0.00 984 34.55 71.27
Teva Pharmaceutical Industries (TEVA) 0.00 57875 40.36 57.77
Archer Daniels Midland Company (ADM) 0.00 36273 28.63 45.32
Comcast Corporation (CMCSK) 0.00 307370 23.55 58.27
Norfolk Southern (NSC) 0.00 74618 72.88 108.18
ResMed (RMD) 0.00 22970 25.41 67.11
Clean Harbors (CLH) 0.00 159355 63.73 54.84
Chevron Corporation (CVX) 0.00 356735 106.40 102.86
Consolidated Edison (ED) 0.00 169950 61.74 59.90
Dominion Resources (D) 0.00 262485 53.08 69.17
Duke Energy Corporation (DUK) 0.00 107702 22.01 74.47
Ryland (RYL) 0.00 15000 15.73 44.80
Medco Health Solutions (MHS) 0.00 61782 58.33 0.00
SPDR S&P; 500 ETF (SPY) 0.00 181748 125.47 205.25
General Electric Company (GE) 0.00 2.76M 17.84 25.35
Cardinal Health (CAH) 0.00 13016 40.44 87.33
Bristol Myers Squibb (BMY) 0.00 135879 35.24 66.08
3M Company (MMM) 0.00 682284 81.73 162.72
AT&T; (T) 0.00 301943 30.24 32.70
Advent Software (ADVS) 0.00 31200 24.36 44.10
American Eagle Outfitters (AEO) 0.00 1.20M 15.29 16.91
Apache Corporation (APA) 0.00 25021 90.60 60.29
Avon Products (AVP) 0.00 25882 17.37 8.09
CarMax (KMX) 0.00 1.54M 30.47 62.15
Carnival Corporation (CCL) 0.00 20798 33.00 43.98
Cisco Systems (CSCO) 0.00 588887 18.08 28.51
Constellation Energy (CEG) 0.00 28559 39.69 0.00
Continental Resources (CLR) 0.00 7394 66.76 43.64
Cullen/Frost Bankers (CFR) 0.00 5859 53.49 68.36
Cummins (CMI) 0.00 9771 87.98 137.75
DENTSPLY International (XRAY) 0.00 13448 34.62 51.20
Eaton Corporation (ETN) 0.00 56575 43.54 66.94
Edwards Lifesciences (EW) 0.00 252289 70.83 135.16
Family Dollar Stores (FDO) 0.00 8835 57.38 78.85
Franklin Resources (BEN) 0.00 564847 96.10 51.68
Gen-Probe Incorporated (GPRO) 0.00 651873 59.12 38.00
H&R; Block (HRB) 0.00 99500 16.33 31.63
Kimberly-Clark Corporation (KMB) 0.00 34721 73.47 103.80
Kohl's Corporation (KSS) 0.00 498530 49.35 73.72
LKQ Corporation (LKQX) 0.00 317769 30.08 0.00
MeadWestva (MWV) 0.00 33580 29.91 49.05
Microchip Technology (MCHP) 0.00 597625 36.63 49.28
MICROS Systems (MCRS) 0.00 53270 46.59 67.99
Molex Incorporated (MOLX) 0.00 27792 23.86 38.68
NYSE Euronext (NYX) 0.00 13051 25.59 0.00
Newmont Mining Corporation (NEM) 0.00 116923 59.97 21.67
Noble Energy (NBL) 0.00 19491 94.37 44.22
Nuance Communications (NUAN) 0.00 420986 25.21 13.76
PPG Industries (PPG) 0.00 6177 83.51 225.60
Paychex (PAYX) 0.00 77688 30.12 48.92
PetSmart (PETM) 0.00 48637 51.30 82.98
Pitney Bowes (PBI) 0.00 22974 18.56 22.29
R.R. Donnelley & Sons Company (RRD) 0.00 18190 14.42 19.42
Sealed Air (SEE) 0.00 12200 17.27 45.48
Snap-on Incorporated (SNA) 0.00 32691 50.65 142.04
Sonoco Products Company (SON) 0.00 376227 32.93 44.25
Spectra Energy (SE) 0.00 401763 30.74 34.31
Stanley Black & Decker (SWK) 0.00 4033 67.67 95.48
SYSCO Corporation (SYY) 0.00 58101 29.36 38.41
Sherwin-Williams Company (SHW) 0.00 436829 87.84 281.82
W.W. Grainger (GWW) 0.00 51075 187.08 230.01
Brown-Forman Corporation (BF.B) 0.00 44283 80.50 0.00
Global Payments (GPN) 0.00 276640 47.37 88.71
Kinder Morgan Management (KMR) 0.00 55730 78.51 0.00
AFLAC Incorporated (AFL) 0.00 6750 40.00 61.39
Airgas (ARG) 0.00 14188 77.94 114.17
Automatic Data Processing (ADP) 0.00 323394 54.01 85.00
Best Buy (BBY) 0.00 25471 23.35 40.39
Boeing Company (BA) 0.00 24383 73.39 152.38
Dow Chemical Company (DOW) 0.00 32727 28.76 47.09
Harris Corporation (HRS) 0.00 751029 36.04 72.70
Intel Corporation (INTC) 0.00 542833 24.25 32.76
Medtronic (MDT) 0.00 151500 38.25 76.22
Schnitzer Steel Industries (SCHN) 0.00 18924 42.27 15.89
Harley-Davidson (HOG) 0.00 102150 40.00 62.41
Johnson Controls (JCI) 0.00 135608 31.27 48.46
Pall Corporation (PLL) 0.00 33942 57.12 97.86
Newell Rubbermaid (NWL) 0.00 22894 16.13 37.57
Progress Energy (PGN) 0.00 11744 56.08 1.26
Regions Financial Corporation (RF) 0.00 51612 4.30 9.54
Laboratory Corp. of America Holdings (LH) 0.00 38407 85.95 121.70
Las Vegas Sands (LVS) 0.00 49246 42.50 52.42
Nokia Corporation (NOK) 0.00 39092 4.85 7.66
ACI Worldwide (ACIW) 0.00 8400 28.61 20.07
Emerson Electric (EMR) 0.00 542496 47.00 55.87
International Flavors & Fragrances (IFF) 0.00 15685 52.39 117.32
Analog Devices (ADI) 0.00 14801 35.77 57.76
TECO Energy (TE) 0.00 11785 20.00 18.71
Cato Corporation (CATO) 0.00 128888 24.31 41.12
Cincinnati Financial Corporation (CINF) 0.00 213174 30.46 52.08
Equity Residential (EQR) 0.00 9470 57.89 75.86
Mettler-Toledo International (MTD) 0.00 36924 147.64 306.26
National-Oilwell Var (NOV) 0.00 420097 67.98 50.15
Molex Incorporated (MOLXA) 0.00 10475 19.76 38.66
Raytheon Company (RTN) 0.00 8578 48.34 106.21
CVS Caremark Corporation (CVS) 0.00 132689 40.79 101.90
Campbell Soup Company (CPB) 0.00 558712 33.24 45.09
CenturyLink (CTL) 0.00 228048 37.14 35.12
Kroger (KR) 0.00 15128 24.18 74.09
Potash Corp. Of Saskatchewan I 0.00 31926 41.30 0.00
ADTRAN (ADTN) 0.00 18210 30.12 20.16
Becton, Dickinson and (BDX) 0.00 661854 74.72 142.79
Helmerich & Payne (HP) 0.00 6100 58.00 63.63
Mercury Computer Systems (MRCY) 0.00 1.02M 13.35 15.64
Air Products & Chemicals (APD) 0.00 49143 85.19 152.20
Novartis AG (NVS) 0.00 1.03M 58.01 96.03
Casey's General Stores (CASY) 0.00 79988 51.51 86.89
Progress Software Corporation (PRGS) 0.00 47628 19.36 26.32
Plum Creek Timber (PCL) 0.00 240142 36.56 41.89
MSC Industrial Direct (MSM) 0.00 247243 71.56 71.20
Convergys Corporation (CVG) 0.00 20430 12.78 21.27
Sotheby's (BID) 0.00 393533 27.90 40.57
Lockheed Martin Corporation (LMT) 0.00 23222 80.90 197.87
Allergan (AGN) 0.00 94422 87.73 234.98
Allstate Corporation (ALL) 0.00 13160 27.00 68.72
Altria (MO) 0.00 582286 29.65 52.47
Amgen (AMGN) 0.00 121414 64.22 153.92
Anadarko Petroleum Corporation (APC) 0.00 36458 76.35 79.89
Baker Hughes Incorporated (BHI) 0.00 10699 48.56 59.73
BB&T; Corporation (BBT) 0.00 62665 25.12 37.76
Berkshire Hathaway (BRK.A) 0.00 341 114754.39 0.00
Capital One Financial (COF) 0.00 9345 42.35 77.96
Cenovus Energy 0.00 11370 32.50 0.00
Colgate-Palmolive Company (CL) 0.00 89929 92.38 68.17
ConocoPhillips (COP) 0.00 142608 72.87 61.42
Deere & Company (DE) 0.00 285209 77.35 90.31
Diageo (DEO) 0.00 323772 87.42 110.91
DIRECTV (DTV) 0.00 16159 42.88 86.19
Telefonaktiebolaget LM Ericsson (ERIC) 0.00 32468 10.13 12.38
General Mills (GIS) 0.00 10172 40.47 51.55
GlaxoSmithKline (GSK) 0.00 67976 45.63 45.62
Halliburton Company (HAL) 0.00 18370 34.52 41.30
Hewlett-Packard Company (HPQ) 0.00 121650 25.76 32.62
HONDA MOTOR (HMC) 0.00 16220 30.58 33.26
Honeywell International (HON) 0.00 45387 54.35 100.92
Marsh & McLennan Companies (MMC) 0.00 25860 31.64 55.76
Nextera Energy 0.00 22485 60.91 0.00
NIKE (NKE) 0.00 20515 96.00 96.37
Philip Morris International (PM) 0.00 407957 78.26 77.69
Praxair (PX) 0.00 64641 104.84 124.53
Procter & Gamble Company (PG) 0.00 816221 66.88 81.31
Royal Dutch Shell (RDS.A) 0.00 71498 73.11 0.00
Royal Dutch Shell (RDS.B) 0.00 5130 76.02 0.00
Sigma-Aldrich Corporation (SIAL) 0.00 29228 62.45 137.95
Stryker Corporation (SYK) 0.00 48751 49.70 90.61
Target Corporation (TGT) 0.00 86310 51.22 77.89
Telefonica S.A. (TEF) 0.00 12037 17.20 14.04
Texas Instruments Incorporated (TXN) 0.00 38659 29.11 57.48
American Electric Power Company (AEP) 0.00 9943 41.25 55.21
Agilent Technologies Inc C ommon 0.00 35142 34.91 0.00
CA (CA) 0.00 795194 20.21 31.38
iShares Russell 1000 Value Index (IWD) 0.00 274803 63.47 101.93
iShares S&P; 500 Index (IVV) 0.00 425715 126.04 205.96
iShares MSCI EAFE Index Fund (EFA) 0.00 122111 49.33 62.56
Biogen Idec (BIIB) 0.00 17541 110.00 415.20
Ford Motor Company (F) 0.00 31834 11.11 15.85
Echostar Corporation (SATS) 0.00 355032 20.94 50.33
Exelon Corporation (EXC) 0.00 8420 43.42 31.85
Linear Technology Corporation (LLTC) 0.00 20143 29.75 46.86
Staples (SPLS) 0.00 30464 13.90 16.12
Dell (DELL) 0.00 1.47M 14.63 0.00
Freeport-McMoRan Copper & Gold (FCX) 0.00 659463 36.79 18.56
Gilead Sciences (GILD) 0.00 24467 41.00 99.53
EMC Corporation (EMC) 0.00 107146 21.53 26.24
Jacobs Engineering (JEC) 0.00 47745 40.57 42.89
Henry Schein (HSIC) 0.00 460502 64.43 136.50
Southern Company (SO) 0.00 20786 46.27 43.68
Illinois Tool Works (ITW) 0.00 921990 46.71 96.27
Harman International Industries Inc./DE/ (HAR) 0.00 680280 38.04 131.40
Starbucks Corporation (SBUX) 0.00 45325 46.03 92.23
Brown-Forman Corporation (BF.A) 0.00 27746 79.25 0.00
EOG Resources (EOG) 0.00 3565 97.30 86.44
Heritage-Crystal Clean (HCCI) 0.00 103518 16.56 12.38
Marriott International (MAR) 0.00 210703 29.17 81.60
NuStar GP Holdings (NSH) 0.00 10000 33.20 34.82
Brookfield Infrastructure Part 0.00 322779 27.70 0.00
Clorox Company (CLX) 0.00 5487 66.52 107.06
Markel Corporation (MKL) 0.00 1705 414.93 738.67
Coventry Health Care (CVH) 0.00 17450 30.37 0.00
Hershey Company (HSY) 0.00 12364 61.82 98.43
Kellogg Company (K) 0.00 11444 50.67 62.16
Dollar Tree (DLTR) 0.00 4246 82.99 80.00
FactSet Research Systems (FDS) 0.00 116834 87.23 150.33
Franklin Street Properties (FSP) 0.00 23696 9.96 12.25
Entertainment Properties Trust (EPR) 0.00 5320 43.70 58.46
Knight Transportation (KNX) 0.00 1.15M 15.83 32.56
Balchem Corporation (BCPC) 0.00 108251 40.00 55.89
Ascent Media Corporation (ASCMA) 0.00 446972 50.70 42.18
Discovery Communications (DISCK) 0.00 520 38.46 31.23
Omni (OMC) 0.00 21356 44.66 76.16
SandRidge Energy (SD) 0.00 24242 8.16 1.64
Discovery Communications (DISCA) 0.00 1.33M 40.97 32.39
Beacon Roofing Supply (BECN) 0.00 27250 20.27 27.51
AvalonBay Communities (AVB) 0.00 33993 130.60 167.28
Gabelli Global Multimedia Trust (GGT) 0.00 33260 6.22 9.57
CoStar (CSGP) 0.00 249263 65.91 190.13
Dover Corporation (DOV) 0.00 273880 58.04 70.44
Frontier Communications (FTR) 0.00 71980 5.17 7.40
Applied Materials (AMAT) 0.00 15481 10.73 23.76
Arch Capital 0.00 693232 37.29 0.00
Concur Technologies (CNQR) 0.00 366644 50.81 128.78
Fastenal Company (FAST) 0.00 151977 43.61 40.46
Fifth Street Finance (FSC) 0.00 32000 9.56 7.07
First Solar (FSLR) 0.00 9848 50.00 60.28
IDEX Corporation (IEX) 0.00 515448 37.10 74.18
Oracle Corporation (ORCL) 0.00 2.01M 25.65 41.62
Petroleum Development Corporation (PETD) 0.00 10650 35.12 0.00
J.M. Smucker Company (SJM) 0.00 13120 78.27 110.22
Aaron's (AAN.A) 0.00 1.22M 26.67 0.00
Marathon Oil Corporation (MRO) 0.00 15512 29.29 26.02
Nelnet (NNI) 0.00 19500 24.46 45.77
Amazon (AMZN) 0.00 8950 173.30 372.62
Forest Laboratories (FRX) 0.00 26540 30.26 0.00
NII Holdings (NIHD) 0.00 65753 21.31 0.06
Techne Corporation (TECH) 0.00 7225 68.33 95.47
Hub (HUBG) 0.00 184725 32.43 39.98
Landstar System (LSTR) 0.00 18685 47.90 67.86
Cedar Fair (FUN) 0.00 83887 21.45 53.78
Donaldson Company (DCI) 0.00 76570 68.08 37.30
H.J. Heinz Company (HNZ) 0.00 61757 54.03 0.00
Gold 0.00 120705 45.07 0.00
iShares NASDAQ Biotechnology Index (IBB) 0.00 13908 104.33 341.41
MAXIMUS (MMS) 0.00 527127 41.20 61.29
Energy Select Sector SPDR (XLE) 0.00 87 68.97 75.34
Quanta Services (PWR) 0.00 21881 20.41 28.12
PSS World Medical (PSSI) 0.00 1.27M 24.19 0.00
SBA Communications Corporation (SBAC) 0.00 42227 42.96 120.39
Stage Stores (SSI) 0.00 11100 13.87 22.13
Silgan Holdings (SLGN) 0.00 12180 38.67 58.86
Green Mountain Coffee Roasters (GMCR) 0.00 18664 33.33 125.55
Dolby Laboratories (DLB) 0.00 7500 31.43 38.31
Array BioPharma (ARRY) 0.00 10253 2.15 7.97
AMERIGROUP Corporation (AGP) 0.00 60659 59.00 0.00
Brunswick Corporation (BC) 0.00 34200 18.07 52.20
Enbridge 0.00 6800 37.35 0.00
Enterprise Products Partners 0.00 31243 46.37 0.00
Global Cash Access Holdings (GCA) 0.00 30150 4.44 7.84
Gulf Island Fabrication (GIFI) 0.00 168342 29.19 14.16
iShares Russell 2000 Index (IWM) 0.00 20173 73.77 119.90
Lindsay Corporation (LNN) 0.00 85204 50.00 78.11
Maxwell Technologies (MXWL) 0.00 12459 16.21 7.14
Microsemi Corporation (MSCC) 0.00 821005 16.75 33.00
StoneMor Partners (STON) 0.00 12550 23.48 28.01
American Equity Investment Life Holding (AEL) 0.00 358016 10.41 28.29
Ares Capital Corporation (ARCC) 0.00 15156 15.45 16.86
Cash America International (CSH) 0.00 5580 46.59 23.58
Dolan Company (DM) 0.00 24413 8.52 39.45
Flextronics International Ltd Com Stk 0.00 109226 5.66 0.00
HORSEHEAD HOLDING (ZINC) 0.00 58755 9.00 11.97
Iridium Communications (IRDM) 0.00 100000 7.71 9.57
iShares Russell 1000 Index (IWB) 0.00 24120 69.40 114.60
Measurement Specialties (MEAS) 0.00 157573 27.92 86.00
Atlas Air Worldwide Holdings (AAWW) 0.00 9100 38.46 45.29
Air Methods Corporation (AIRM) 0.00 56190 84.51 50.09
Align Technology (ALGN) 0.00 12024 23.78 57.05
Altera Corporation (ALTR) 0.00 38767 35.29 35.31
Actuant Corporation (ATU) 0.00 676112 22.60 24.35
Acuity Brands (AYI) 0.00 491104 53.01 159.34
Bill Barrett Corporation (BBG) 0.00 66949 34.07 8.46
BHP Billiton (BHP) 0.00 80851 70.63 45.68
Brady Corporation (BRC) 0.00 107870 31.61 25.99
Bruker Corporation (BRKR) 0.00 406326 12.42 18.90
Catalyst Health Solutions (CHSI) 0.00 120045 52.20 0.00
CARBO Ceramics (CRR) 0.00 93703 123.37 34.03
Carrizo Oil & Gas (CRZO) 0.00 14186 26.43 46.90
Dril-Quip (DRQ) 0.00 188473 65.83 68.82
Energy Recovery (ERII) 0.00 846123 2.58 2.78
Fulton Financial (FULT) 0.00 177707 9.81 12.19
Gardner Denver (GDI) 0.00 333168 76.52 0.00
Guess? (GES) 0.00 923530 29.82 17.07
GFI (GFIG) 0.00 610507 4.17 5.64
GameStop (GME) 0.00 992682 24.14 40.53
Home Properties (HME) 0.00 124940 57.50 65.07
InterDigital (IDCC) 0.00 40055 43.62 53.05
Intuit (INTU) 0.00 14678 52.55 95.52
IPG Photonics Corporation (IPGP) 0.00 54121 33.87 96.34
JMP (JMP) 0.00 36475 7.16 7.22
L-3 Communications Holdings (LLL) 0.00 8702 66.62 125.86
LSB Industries (LXU) 0.00 114604 27.98 38.84
Maidenform Brands (MFB) 0.00 59240 18.31 0.00
Middleby Corporation (MIDD) 0.00 47288 94.03 106.86
Medical Properties Trust (MPW) 0.00 13100 9.85 13.91
Northwest Bancshares (NWBI) 0.00 17900 12.46 11.60
Oceaneering International (OII) 0.00 332162 46.15 51.70
Oneok Partners (OKS) 0.00 11430 57.66 42.51
Pegasystems (PEGA) 0.00 996419 29.39 19.81
Polypore International (PPO) 0.00 115709 43.91 59.11
Renasant (RNST) 0.00 271378 15.00 28.26
Rogers Corporation (ROG) 0.00 169185 36.86 77.62
Rovi Corporation (ROVI) 0.00 19696 24.52 22.06
Sirius XM Radio (SIRI) 0.00 22720 1.77 3.87
Questar Corporation (STR) 0.00 97820 20.00 22.73
Teledyne Technologies Incorporated (TDY) 0.00 7980 54.89 99.65
Teleflex Incorporated (TFX) 0.00 5250 61.23 119.71
Alexion Pharmaceuticals (ALXN) 0.00 5204 71.43 179.76
Applied Micro Circuits Corporation (AMCC) 0.00 2.40M 6.72 5.35
American Public Education (APEI) 0.00 21815 43.28 30.32
ARM Holdings (ARMH) 0.00 19782 27.61 52.66
athenahealth (ATHN) 0.00 56751 49.13 120.44
BorgWarner (BWA) 0.00 12461 62.97 58.93
CBIZ (CBZ) 0.00 36230 6.10 8.73
Celgene Corporation (CELG) 0.00 19585 67.59 118.26
Cree (CREE) 0.00 14905 22.13 38.59
Denbury Resources (DNR) 0.00 73721 15.11 7.60
Flowserve Corporation (FLS) 0.00 4784 99.17 57.90
Graham Corporation (GHM) 0.00 84901 22.45 23.17
Hain Celestial (HAIN) 0.00 58409 35.56 60.12
Hexcel Corporation (HXL) 0.00 1.32M 24.21 47.72
Informatica Corporation (INFA) 0.00 273737 36.90 42.51
MFA Mortgage Investments (MFA) 0.00 789285 6.72 7.82
Monro Muffler Brake (MNRO) 0.00 231289 38.81 62.59
National Grid (NGG) 0.00 5423 48.50 63.76
Natural Resource Partners (NRP) 0.00 9000 27.11 7.48
Neustar (NSR) 0.00 83490 34.48 21.98
Poly (PLCM) 0.00 108866 16.24 13.00
PMFG (PMFG) 0.00 459611 19.51 4.00
Panera Bread Company (PNRA) 0.00 3824 141.38 157.74
Rockwood Holdings (ROC) 0.00 576517 39.37 0.00
RSC Holdings (RRR) 0.00 82894 18.50 0.00
Spartan Stores (SPTN) 0.00 125740 18.48 26.54
Tennant Company (TNC) 0.00 139018 38.87 63.86
DealerTrack Holdings (TRAK) 0.00 20885 27.23 37.34
Aqua America (WTR) 0.00 93600 22.09 25.80
Agree Realty Corporation (ADC) 0.00 126056 24.38 31.80
A. O. Smith Corporation (AOS) 0.00 223990 40.12 62.81
American Science & Engineering (ASEI) 0.00 156642 68.09 48.85
Saul Centers (BFS) 0.00 136294 35.00 54.41
Calgon Carbon Corporation (CCC) 0.00 159502 15.71 20.35
Church & Dwight (CHD) 0.00 154537 45.75 83.20
CLARCOR (CLC) 0.00 63497 49.99 63.66
Healthcare Services (HCSG) 0.00 415168 17.69 32.10
Interline Brands (IBI) 0.00 1.34M 15.57 0.00
Kaman Corporation (KAMN) 0.00 12370 27.32 40.43
Knology (KNOL) 0.00 2.41M 14.20 0.00
Liquidity Services (LQDT) 0.00 13326 36.96 9.45
McDermott International (MDR) 0.00 15803 11.52 3.06
McCormick & Company, Incorporated (MKC) 0.00 492232 50.42 72.00
National Penn Bancshares (NPBC) 0.00 12000 8.50 10.54
Star Gas Partners (SGU) 0.00 70000 4.87 7.02
Stoneridge (SRI) 0.00 259971 8.44 10.96
Sunopta 0.00 774677 4.82 0.00
Star Scientific (CIGX) 0.00 21700 2.17 0.00
AMETEK (AME) 0.00 51786 42.10 51.35
Astronics Corporation (ATRO) 0.00 180791 35.81 70.28
Cass Information Systems (CASS) 0.00 5500 36.36 49.33
CommVault Systems (CVLT) 0.00 312938 42.73 45.28
Flowers Foods (FLO) 0.00 109245 18.98 20.51
Magellan Midstream Partners (MMP) 0.00 133458 68.88 78.66
Onebeacon Insurance Group Ltd Cl-a 0.00 222280 14.86 0.00
OceanFirst Financial (OCFC) 0.00 275094 13.08 16.55
Protective Life (PL) 0.00 21079 22.58 0.00
Pentair (PNR) 0.00 167180 33.33 62.44
Sandy Spring Ban (SASR) 0.00 21629 17.37 25.56
Shore Bancshares (SHBI) 0.00 107019 5.15 9.00
Erie Indemnity Company (ERIE) 0.00 92096 78.17 84.37
Globecomm Systems (GCOM) 0.00 586918 13.68 14.10
Kaydon Corporation (KDN) 0.00 9175 30.52 0.00
Kinder Morgan Energy Partners (KMP) 0.00 118187 84.98 0.00
Neogen Corporation (NEOG) 0.00 31423 30.65 48.48
Brink's Company (BCO) 0.00 135957 26.88 26.68
Double Eagle Petroleum (DBLE) 0.00 57322 6.87 2.86
HCP (HCP) 0.00 74707 41.35 40.24
KMG Chemicals (KMGB) 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
Federal Realty Inv. Trust (FRT) 0.00 22983 90.74 138.45
Hercules Technology Growth Capital (HTGC) 0.00 207000 9.45 13.99
Technology SPDR (XLK) 0.00 2960 25.34 41.70
Materials SPDR (XLB) 0.00 400 32.50 49.68
PowerShares QQQ Trust, Series 1 (QQQQ) 0.00 6750 56.09 0.00
MCG Capital Corporation (MCGC) 0.00 317120 4.06 3.90
Eastern Company (EML) 0.00 176758 20.10 19.86
Ecology and Environment (EEI) 0.00 45130 16.19 9.63
iShares Dow Jones US Home Const. (ITB) 0.00 1625 11.69 26.59
MELA Sciences (MELA) 0.00 289900 3.60 3.31
Quanex Building Products Corporation (NX) 0.00 1.70M 15.02 18.74
SPDR KBW Regional Banking (KRE) 0.00 300 23.33 40.18
TESSCO Technologies (TESS) 0.00 66792 13.67 21.87
Nabors Industries Ltd shs 0.00 23830 17.33 0.00
Scripps Networks Interactive (SNI) 0.00 579866 42.44 71.97
Suncor Energy 0.00 22794 28.82 0.00
iShares Russell 1000 Growth Index (IWF) 0.00 51605 57.83 97.71
Boston Properties (BXP) 0.00 12165 99.59 135.21
Bank Of America Corporation warrant 0.00 2000 2.00 0.00
GSE Systems (GVP) 0.00 145321 1.95 1.51
iShares MSCI Brazil Index (EWZ) 0.00 61673 57.39 30.55
iShares S&P; 100 Index (OEF) 0.00 30069 57.03 90.39
iShares S&P; 500 Growth Index (IVW) 0.00 1815 67.22 113.07
iShares S&P; 500 Value Index (IVE) 0.00 1280 57.81 91.53
iShares Russell Midcap Index Fund (IWR) 0.00 918 98.00 169.15
iShares S&P; MidCap 400 Index (IJH) 0.00 15620 87.60 147.14
iShares S&P; MidCap 400 Growth (IJK) 0.00 250 100.00 165.35
iShares Russell 2000 Value Index (IWN) 0.00 26541 65.66 99.26
iShares Russell 2000 Growth Index (IWO) 0.00 22530 84.22 146.64
Masimo Corporation (MASI) 0.00 851095 18.69 30.39
ONEOK (OKE) 0.00 4200 86.67 46.35
Roadrunner Transportation Services Hold. (RRTS) 0.00 899916 13.96 25.21
Financial Select Sector SPDR (XLF) 0.00 1700 12.94 23.97
Simon Property (SPG) 0.00 3774 128.91 179.63
SPDR S&P; MidCap 400 ETF (MDY) 0.00 81827 159.49 268.26
Sxc Health Solutions 0.00 401813 55.86 0.00
National CineMedia (NCMI) 0.00 764490 12.16 14.81
Rackspace Hosting (RAX) 0.00 8613 42.96 51.20
SuccessFactors (SFSF) 0.00 727082 39.87 0.00
KAR Auction Services (KAR) 0.00 17900 13.52 36.58
Utilities SPDR (XLU) 0.00 30500 36.00 43.18
iShares Dow Jones US Real Estate (IYR) 0.00 33070 56.82 76.66
Jpmorgan Chase & Co. w exp 10/201 0.00 20000 8.50 0.00
iShares MSCI South Korea Index Fund (EWY) 0.00 501 51.90 55.24
3D Systems Corporation (TDSC) 0.00 19195 14.44 0.00
Eagle Ban (EGBN) 0.00 95699 14.53 36.51
GulfMark Offshore (GLF) 0.00 10000 42.00 14.69
Kite Realty Group Trust (KRG) 0.00 10000 4.50 26.36
NetSuite (N) 0.00 7750 40.52 91.16
Oasis Petroleum (OAS) 0.00 8800 29.09 13.82
Sourcefire (FIRE) 0.00 36200 32.38 75.96
BioSante Pharmaceuticals (BPAX) 0.00 60000 0.50 0.00
iShares Dow Jones US Utilities (IDU) 0.00 111 90.09 108.36
PowerShares WilderHill Clean Energy (PBW) 0.00 752 5.71 5.44
Global Power Equipment Grp I 0.00 235405 23.75 0.00
Oritani Financial (ORIT) 0.00 237721 12.76 14.30
QEP Resources (QEP) 0.00 105865 29.32 20.60
Six Flags Entertainment (SIX) 0.00 10056 38.46 46.62
iShares Dow Jones Select Dividend (DVY) 0.00 84485 53.77 76.58
iShares S&P; SmallCap 600 Index (IJR) 0.00 13429 68.56 113.70
PowerShares Water Resources (PHO) 0.00 9106 17.17 24.35
iShares MSCI Malaysia Index Fund (EWM) 0.00 12500 13.36 12.86
PowerShares FTSE RAFI US 1000 (PRF) 0.00 300 53.33 90.16
PowerShares FTSE RAFI US 1500 Small-Mid (PRFZ) 0.00 5790 59.93 100.66
iShares MSCI EAFE Value Index (EFV) 0.00 90599 42.70 52.00
iShares S&P; Latin America 40 Index (ILF) 0.00 19655 42.61 28.43
Market Vectors Indonesia Index (IDX) 0.00 925 28.11 23.62
Fox Chase Ban (FXCB) 0.00 11200 12.59 16.60
Pacific Premier Ban (PPBI) 0.00 184877 6.48 15.82
DemandTec (DMAN) 0.00 2.34M 13.17 0.00
Fortinet (FTNT) 0.00 14802 21.79 33.20
iShares MSCI Pacific ex-Japan Idx (EPP) 0.00 11914 38.95 44.40
iShares Russell Midcap Growth Idx. (IWP) 0.00 140 57.14 95.82
iShares S&P; SmallCap 600 Growth (IJT) 0.00 3409 74.46 124.98
Kraton Performance Polymers (KRA) 0.00 66836 20.25 19.07
SPDR S&P; Dividend (SDY) 0.00 165748 54.84 76.89
Cincinnati Bell Inc 6.75% Cum pfd 0.00 11800 38.90 0.00
Cohen & Steers infrastucture Fund (UTF) 0.00 34500 15.81 22.30
iShares Cohen & Steers Realty Maj. (ICF) 0.00 10125 70.22 97.28
iShares S&P; SmallCap 600 Value Idx (IJS) 0.00 465 70.00 115.06
General Motors Company (GM) 0.00 999736 20.87 37.89
General Growth Properties 0.00 14041 15.03 0.00
American National BankShares (AMNB) 0.00 34100 19.47 21.41
Argan (AGX) 0.00 241399 15.21 31.69
Capitol Federal Financial (CFFND) 0.00 508862 11.55 0.00
Golub Capital BDC (GBDC) 0.00 253099 15.50 17.53
Government Properties Income Trust (GOV) 0.00 9275 22.53 22.14
iShares MSCI Canada Index (EWC) 0.00 2500 26.40 26.66
Kayne Anderson Energy Development (KED) 0.00 14500 21.39 31.52
National American Univ. Holdings (NAUH) 0.00 22350 7.60 3.44
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
iShares MSCI Singapore Index Fund (EWS) 0.00 13000 10.85 12.30
Kayne Anderson MLP Investment (KYN) 0.00 207483 30.36 34.45
Market Vectors Brazil Small Cap ETF (BRF) 0.00 163911 36.51 15.83
Market Vectors Gaming (BJK) 0.00 1055 30.33 35.77
McCormick & Company, Incorporated (MKC.V) 0.00 200 50.00 0.00
Kayne Anderson Energy Total Return Fund (KYE) 0.00 30715 25.32 24.59
SPDR DJ Wilshire REIT (RWR) 0.00 105420 64.40 90.66
iShares MSCI BRIC Index Fund (BKF) 0.00 1100 36.36 34.61
iShares S&P; NA Nat. Re. Sc. Idx. Fd (IGE) 0.00 4545 38.06 36.37
General Mtrs Co jr pfd cnv srb 0.00 6000 34.17 0.00
Royce Value Trust (RVT) 0.00 131449 12.66 14.19
SPDR DJ International Real Estate ETF (RWX) 0.00 8999 31.83 42.22
ISHARES TR MSCI Small Cap msci small cap 0.00 28840 34.77 0.00
iShares Russell Microcap Index (IWC) 0.00 1004 44.82 76.92
iShares S&P; MidCap 400 Value Index (IJJ) 0.00 250 76.00 127.44
PowerShares Gld Drg Haltr USX China (PGJ) 0.00 1400 19.29 27.80
PowerShares Intl. Dividend Achiev. (PID) 0.00 2244 14.71 17.33
SPDR S&P; International Small Cap (GWX) 0.00 8086 25.23 27.98
iShares Dow Jones US Energy Sector (IYE) 0.00 5010 39.92 42.41
iShares Dow Jones US Technology (IYW) 0.00 1071 70.42 104.97
iShares MSCI ACWI ex US Index Fund (ACWX) 0.00 72 41.67 43.35
iShares MSCI EAFE Growth Index (EFG) 0.00 82899 52.02 68.09
iShares S&P; Global Healthcare Sect. (IXJ) 0.00 300 56.67 104.63
iShares S&P; NA Tec.-Mul. Net. Idx. (IGN) 0.00 63 31.75 37.85
iShares S&P; NA Tech. Sec. Idx. Fd. (IGM) 0.00 525 59.05 103.35
Royce Focus Tr 0.00 19410 6.29 0.00
Royce Micro Capital Trust (RMT) 0.00 207650 9.40 9.64
SPDR S&P; Emerging Asia Pacific (GMF) 0.00 4728 65.99 84.96
PowerShares High Yld. Dividend Achv (PEY) 0.00 3400 9.12 12.96
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
SPDR S&P; Emerging Markets Small Cap (EWX) 0.00 7939 37.78 43.88
SPDR Morgan Stanley Technology (MTK) 0.00 3075 58.54 101.33
Claymore/MAC Global Solar Index (TAN) 0.00 10950 2.47 42.81
S&P; Emerging Markets Infrastruct. Ind Fd (EMIF) 0.00 3000 29.00 31.03
PowerShares Dynamic Energy Sector (PXI) 0.00 1700 38.24 45.00
SPDR S&P; BRIC 40 (BIK) 0.00 900 22.22 21.37
Fly Leasing (FLY) 0.00 227680 12.50 14.98
BlackRock Strategic Div Achievers Trust (BDT) 0.00 11364 9.77 0.00
Exfo 0.00 1.38M 5.86 0.00
RigNet (RNET) 0.00 326166 16.75 27.27
Sodastream International 0.00 813739 32.68 0.00
Glu Mobile (GLUU) 0.00 10000 3.10 4.86
Rand Capital Corporation (RAND) 0.00 166375 3.10 4.04
NewBridge Ban (NBBC) 0.00 11918 3.86 8.21
Elephant Talk Communications (ETAK) 0.00 10000 2.60 0.49
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