Financial Advantage

Financial Advantage as of June 30, 2012

Portfolio Holdings for Financial Advantage

Financial Advantage holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

                COLUMN 1                 COLUMN 2     COLUMN 3   COLUMN 4         COLUMN 5        COLUMN 6  COLUMN 7      COLUMN 8
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                                                                                                                  VOTING AUTHORITY
                                     TITLE OF                  VALUE      SHRS OR   SH/ PUT/ INVESTMENT  OTHER   -------------------
         NAME OF ISSUER               CLASS         CUSIP    (x$1000)     PRN AMT   PRN CALL DISCRETION MANAGERS SOLE SHARED  NONE
-------------------------------- ---------------- --------- ----------- ----------- --- ---- ---------- -------- ---- ------ -------
{S}                              {C}              {C}       {C}         {C}         {C} {C}  {C}        {C}      {C}  {C}    {C}
SPDR GOLD TRUST                  GOLD SHS         78463V107      17,604     113,438 SH       Sole                            113,438
PLUM CREEK TIMBER CO INC         COM              729251108       6,463     162,803 SH       Sole                            162,803
ISHARES TR                       S^P NA SOFTWR    464287515       5,329      85,805 SH       Sole                             85,805
HCC INS HLDGS INC                COM              404132102       5,314     169,222 SH       Sole                            169,222
NORTHROP GRUMMAN CORP            COM              666807102       5,168      81,015 SH       Sole                             81,015
KINDER MORGAN MANAGEMENT LLC     SHS              49455U100       4,989      67,946 SH       Sole                             67,946
ISHARES GOLD TRUST               ISHARES          464285105       4,047     260,094 SH       Sole                            260,094
TEVA PHARMACEUTICAL INDS LTD     ADR              881624209       3,975     100,792 SH       Sole                            100,792
DUKE ENERGY CORP NEW             COM              26441C105       3,942     170,953 SH       Sole                            170,953
3M CO                            COM              88579Y101       3,786      42,253 SH       Sole                             42,253
VISA INC                         COM CL A         92826C839       3,698      29,914 SH       Sole                             29,914
CISCO SYS INC                    COM              17275R102       3,681     214,394 SH       Sole                            214,394
APACHE CORP                      COM              037411105       3,399      38,678 SH       Sole                             38,678
ROYAL GOLD INC                   COM              780287108       3,372      43,009 SH       Sole                             43,009
TJX COS INC NEW                  COM              872540109       3,370      78,504 SH       Sole                             78,504
MERCK & CO INC NEW               COM              58933Y105       3,274      78,419 SH       Sole                             78,419
GOOGLE INC                       CL A             38259P508       3,261       5,621 SH       Sole                              5,621
TIME WARNER INC                  COM NEW          887317303       3,132      81,357 SH       Sole                             81,357
EXELON CORP                      COM              30161N101       2,743      72,905 SH       Sole                             72,905
DEVON ENERGY CORP NEW            COM              25179M103       1,944      33,523 SH       Sole                             33,523
SPDR SERIES TRUST                S^P BIOTECH      78464A870       1,040      11,760 SH       Sole                             11,760
UNITEDHEALTH GROUP INC           COM              91324P102         755      12,903 SH       Sole                             12,903
COCA COLA CO                     COM              191216100         493       6,311 SH       Sole                              6,311
EXXON MOBIL CORP                 COM              30231G102         405       4,730 SH       Sole                              4,730
VANGUARD SCOTTSDALE FDS          SHTRM GVT BD ETF 92206C409         330       4,170 SH       Sole                              4,170
CENTRAL GOLDTRUST                TR UNIT          153546106         286       4,738 SH       Sole                              4,738
MCCORMICK & CO INC               COM VTG          579780107         270       4,470 SH       Sole                              4,470
MCCORMICK & CO INC               COM NON VTG      579780206         228       3,758 SH       Sole                              3,758
CORPORATE OFFICE PPTYS TR        SH BEN INT       22002T108         226       9,600 SH       Sole                              9,600
MICROS SYS INC                   COM              594901100         206       4,028 SH       Sole                              4,028
INTUITIVE SURGICAL INC           COM NEW          46120E602         188         340 SH       Sole                                340
GENERAL ELECTRIC CO              COM              369604103         187       8,976 SH       Sole                              8,976
CATERPILLAR INC DEL              COM              149123101         183       2,150 SH       Sole                              2,150
INTERNATIONAL BUSINESS MACHS     COM              459200101         174         890 SH       Sole                                890
PRICE T ROWE GROUP INC           COM              74144T108         165       2,617 SH       Sole                              2,617
MICROSOFT CORP                   COM              594918104         157       5,121 SH       Sole                              5,121
JOHNSON & JOHNSON                COM              478160104         153       2,260 SH       Sole                              2,260
AT^T INC                         COM              00206R102         151       4,233 SH       Sole                              4,233
APPLE INC                        COM              037833100         150         256 SH       Sole                                256
VANGUARD SCOTTSDALE FDS          INT-TERM CORP    92206C870         147       1,720 SH       Sole                              1,720
VERIZON COMMUNICATIONS INC       COM              92343V104         143       3,218 SH       Sole                              3,218
BECTON DICKINSON & CO            COM              075887109         138       1,850 SH       Sole                              1,850
PROCTER & GAMBLE CO              COM              742718109         137       2,240 SH       Sole                              2,240
BERKSHIRE HATHAWAY INC DEL       CL B NEW         84670702          132       1,583 SH       Sole                              1,583
EATON VANCE SR FLTNG RTE TR      COM              27828Q105         115       7,500 SH       Sole                              7,500
VANGUARD BD INDEX FD INC         TOTAL BND MRKT   921937835         114       1,350 SH       Sole                              1,350
TEMPLETON GLOBAL INCOME FD       COM              880198106         107      11,530 SH       Sole                             11,530
PPG INDS INC                     COM              693506107         106       1,000 SH       Sole                              1,000
ABBOTT LABS                      COM              002824100          96       1,490 SH       Sole                              1,490
UNITED TECHNOLOGIES CORP         COM              913017109          94       1,250 SH       Sole                              1,250
NEXTERA ENERGY INC               COM              65339F101          94       1,364 SH       Sole                              1,364
EAGLE BANCORP INC MD             COM              268948106          94       5,947 SH       Sole                              5,947
AMERICAN ELEC PWR INC            COM              025537101          84       2,100 SH       Sole                              2,100
ABERDEEN ASIA PACIFIC INCOM      COM              003009107          80      10,500 SH       Sole                             10,500
CONOCOPHILLIPS                   COM              20825C104          79       1,410 SH       Sole                              1,410
DISNEY WALT CO                   COM DISNEY       254687106          73       1,513 SH       Sole                              1,513
SELECT SECTOR SPDR TR            SBI HEALTHCARE   81369Y209          70       1,830 SH       Sole                              1,830
BP PLC                           SPONSORED ADR    055622104          64       1,574 SH       Sole                              1,574
ROYAL DUTCH SHELL PLC            SPONS ADR A      780259206          57         845 SH       Sole                                845
DU PONT E I DE NEMOURS & CO      COM              263534109          56       1,110 SH       Sole                              1,110
QUALCOMM INC                     COM              747525103          56       1,000 SH       Sole                              1,000
BOULDER TOTAL RETURN FD INC      COM              101541100          53       3,200 SH       Sole                              3,200
AMERICAN EXPRESS CO              COM              025816109          51         880 SH       Sole                                880
NUVEEN NJ PREM INCOME MUN FD     COM              67101N106          49       3,000 SH       Sole                              3,000
NORTHWEST BANCSHARES INC MD      COM              667340103          46       3,937 SH       Sole                              3,937
ISHARES TR                       BARCLYS MBS BD   464288588          45         415 SH       Sole                                415
BB^T CORP                        COM              054937107          43       1,400 SH       Sole                              1,400
CSX CORP                         COM              126408103          38       1,702 SH       Sole                              1,702
PNC FINL SVCS GROUP INC          COM              693475105          37         606 SH       Sole                                606
INTEL CORP                       COM              458140100          35       1,329 SH       Sole                              1,329
BANK OF NEW YORK MELLON CORP     COM              064058100          34       1,550 SH       Sole                              1,550
UNITED PARCEL SERVICE INC        CL B             911312106          32         407 SH       Sole                                407
EQT CORP                         COM              26884L109          29         550 SH       Sole                                550
NORFOLK SOUTHERN CORP            COM              655844108          29         410 SH       Sole                                410
HARRIS CORP DEL                  COM              413875105          29         700 SH       Sole                                700
DOMINION RES INC VA NEW          COM              25746U109          29         530 SH       Sole                                530
ANNALY CAP MGMT INC              COM              35710409           28       1,640 SH       Sole                              1,640
KINDER MORGAN ENERGY PARTNER     UT LTD PARTNER   494550106          28         350 SH       Sole                                350
KRAFT FOODS INC                  CL A             50075N104          25         635 SH       Sole                                635
SEI INVESTMENTS CO               COM              784117103          24       1,230 SH       Sole                              1,230
HARLEY DAVIDSON INC              COM              412822108          23         500 SH       Sole                                500
SEABRIDGE GOLD INC               COM              811916105          22       1,500 SH       Sole                              1,500
PEPSICO INC                      COM              713448108          20         285 SH       Sole                                285
BLACKROCK HEALTH SCIENCES TR     COM              09250W107          20         680 SH       Sole                                680
MYRIAD GENETICS INC              COM              62855J104          19         800 SH       Sole                                800
CURRENCYSHARES SWISS FRANC T     SWISS FRANC SH   23129V109          19         180 SH       Sole                                180
CHEVRON CORP NEW                 COM              166764100          19         176 SH       Sole                                176
SYMANTEC CORP                    COM              871503108          18       1,200 SH       Sole                              1,200
BRISTOL MYERS SQUIBB CO          COM              110122108          16         450 SH       Sole                                450
CORNING INC                      COM              219350105          16       1,200 SH       Sole                              1,200
ENERPLUS CORP                    COM              292766102          15       1,200 SH       Sole                              1,200
SPROTT PHYSICAL SILVER TR        TR UNIT          85207K107          15       1,300 SH       Sole                              1,300
UIL HLDG CORP                    COM              902748102          15         416 SH       Sole                                416
BAIDU INC                        SPON ADR REP A   56752108           14         125 SH       Sole                                125
PFIZER INC                       COM              717081103          14         610 SH       Sole                                610
ISHARES TR                       S^P MODERATE     464289875          14         450 SH       Sole                                450
PROSHARES TR                     SHT KBW REGBNK   74347X476          14         300 SH       Sole                                300
FEDERAL REALTY INVT TR           SH BEN INT NEW   313747206          13         124 SH       Sole                                124
ZIMMER HLDGS INC                 COM              98956P102          13         200 SH       Sole                                200
UNDER ARMOUR INC                 CL A             904311107          13         135 SH       Sole                                135
KIMBERLY CLARK CORP              COM              494368103          13         150 SH       Sole                                150
STATOIL ASA                      SPONSORED ADR    85771P102          12         500 SH       Sole                                500
FORD MTR CO DEL                  COM PAR $0.01    345370860          11       1,135 SH       Sole                              1,135
NATIONAL FUEL GAS CO N J         COM              636180101          11         226 SH       Sole                                226
FLAHERTY & CRUMRINE PFD INC      COM              338480106          10         700 SH       Sole                                700
BROOKFIELD ASSET MGMT INC        CL A LTD VT SH   112585104          10         300 SH       Sole                                300
ALTRIA GROUP INC                 COM              02209S103          10         282 SH       Sole                                282
NEWMONT MINING CORP              COM              651639106          10         200 SH       Sole                                200
COSTCO WHSL CORP NEW             COM              22160K105          10         102 SH       Sole                                102
RIO TINTO PLC                    SPONSORED ADR    767204100          10         200 SH       Sole                                200
PROGRESS ENERGY INC              COM              743263105           9         154 SH       Sole                                154
HOME PROPERTIES INC              COM              437306103           9         150 SH       Sole                                150
MCDONALDS CORP                   COM              580135101           9         100 SH       Sole                                100
DOW CHEM CO                      COM              260543103           9         280 SH       Sole                                280
CANADIAN NATL RY CO              COM              136375102           8         100 SH       Sole                                100
PIER 1 IMPORTS INC               COM              720279108           8         500 SH       Sole                                500
HARSCO CORP                      COM              415864107           8         400 SH       Sole                                400
HEWLETT PACKARD CO               COM              428236103           8         400 SH       Sole                                400
FULTON FINL CORP PA              COM              360271100           8         800 SH       Sole                                800
VANGUARD NATURAL RESOURCES L     COM UNIT         92205F106           8         300 SH       Sole                                300
FIDELITY NATIONAL FINANCIAL      CL A             31620R105           8         400 SH       Sole                                400
E M C CORP MASS                  COM              268648102           8         300 SH       Sole                                300
LINN ENERGY LLC                  UNIT LTD LIAB    536020100           8         200 SH       Sole                                200
DENTSPLY INTL INC NEW            COM              249030107           8         200 SH       Sole                                200
SARA LEE CORP                    COM              803111103           7         403 SH       Sole                                403
CAMPBELL SOUP CO                 COM              134429109           7         220 SH       Sole                                220
AMAZON COM INC                   COM              023135106           7          30 SH       Sole                                 30
NETFLIX INC                      COM              64110L106           7         100 SH       Sole                                100
ANADARKO PETE CORP               COM              032511107           7         100 SH       Sole                                100
CELGENE CORP                     COM              151020104           6         100 SH       Sole                                100
MYLAN INC                        COM              628530107           6         300 SH       Sole                                300
GENERAL MLS INC                  COM              370334104           6         160 SH       Sole                                160
UNION PAC CORP                   COM              907818108           6          50 SH       Sole                                 50
BERKLEY W R CORP                 COM              084423102           6         150 SH       Sole                                150
TARGET CORP                      COM              87612E106           6         100 SH       Sole                                100
ETFS PLATINUM TR                 SH BEN INT       26922V101           6          40 SH       Sole                                 40
RAYTHEON CO                      COM NEW          755111507           6         100 SH       Sole                                100
NOVARTIS A G                     SPONSORED ADR    66987V109           6         100 SH       Sole                                100
MARKEL CORP                      COM              570535104           5          12 SH       Sole                                 12
PIONEER SOUTHWST ENRG PRTNR      UNIT LP INT      72388B106           5         200 SH       Sole                                200
PROSHARES TR II                  ULTRASHRT NEW    74347W718           5         290 SH       Sole                                290
HORSEHEAD HLDG CORP              COM              440694305           5         500 SH       Sole                                500
COVIDIEN PLC                     SHS              G2554F113           5          93 SH       Sole                                 93
TYCO INTERNATIONAL LTD           SHS              H89128104           5          93 SH       Sole                                 93
PIONEER NAT RES CO               COM              723787107           5          52 SH       Sole                                 52
RUBICON MINERALS CORP            COM              780911103           5       1,500 SH       Sole                              1,500
LILLY ELI & CO                   COM              532457108           4         100 SH       Sole                                100
THOMSON REUTERS CORP             COM              884903105           4         150 SH       Sole                                150
ACTIVISION BLIZZARD INC          COM              00507V109           4         341 SH       Sole                                341
ROWAN COS INC                    COM              779382100           4         125 SH       Sole                                125
CHEESECAKE FACTORY INC           COM              163072101           4         126 SH       Sole                                126
SILVER WHEATON CORP              COM              828336107           4         150 SH       Sole                                150
HUMAN GENOME SCIENCES INC        COM              444903108           4         300 SH       Sole                                300
P T TELEKOMUNIKASI INDONESIA     SPONSORED ADR    715684106           4         111 SH       Sole                                111
OLD REP INTL CORP                COM              680223104           4         450 SH       Sole                                450
BRIDGEPOINT ED INC               COM              10807M105           4         170 SH       Sole                                170
PROSHARES TR                     PSHS ULTASH DW30 74347R867           4          68 SH       Sole                                 68
MEDIFAST INC                     COM              58470H101           4         180 SH       Sole                                180
NIKE INC                         CL B             654106103           4          40 SH       Sole                                 40
PROSHARES TR                     PSHS ULSHT SP500 74347R883           4         225 SH       Sole                                225
EL PASO PIPELINE PARTNERS L      COM UNIT LPI     283702108           3         100 SH       Sole                                100
FIRSTHAND TECH VALUE FD INC      COM              33766Y100           3         191 SH       Sole                                191
SAIC INC                         COM              78390X101           3         263 SH       Sole                                263
ZIPCAR INC                       COM              98974X103           3         261 SH       Sole                                261
DENBURY RES INC                  COM NEW          247916208           3         200 SH       Sole                                200
RETAIL OPPORTUNITY INVTS COR     COM              76131N101           3         247 SH       Sole                                247
NEWPARK RES INC                  COM PAR $.01NEW  651718504           3         500 SH       Sole                                500
DUKE REALTY CORP                 COM NEW          264411505           3         200 SH       Sole                                200
FIRST MAJESTIC SILVER CORP       COM              32076V103           3         200 SH       Sole                                200
NORTHEAST UTILS                  COM              664397106           3          74 SH       Sole                                 74
INFINERA CORPORATION             COM              45667G103           3         385 SH       Sole                                385
RITE AID CORP                    COM              767754104           2       1,500 SH       Sole                              1,500
SEARS HLDGS CORP                 COM              812350106           2          35 SH       Sole                                 35
HILLENBRAND INC                  COM              431571108           2         100 SH       Sole                                100
SMUCKER J M CO                   COM NEW          832696405           2          24 SH       Sole                                 24
CIFC CORP                        COM              12547R105           2         230 SH       Sole                                230
WESTERN UN CO                    COM              959802109           2         100 SH       Sole                                100
PIEDMONT OFFICE REALTY TR IN     COM CL A         720190206           2          96 SH       Sole                                 96
CIENA CORP                       COM NEW          171779309           2         100 SH       Sole                                100
CHESAPEAKE ENERGY CORP           COM              165167107           1          77 SH       Sole                                 77
PENN VA RESOURCES PARTNERS L     COM              707884102           1          50 SH       Sole                                 50
ATAC Resources Ltd                                046491106           1         500 SH       Sole                                500
CONTANGO OIL & GAS COMPANY       COM NEW          21075N204           1          14 SH       Sole                                 14
WEST MARINE INC                  COM              954235107           1          60 SH       Sole                                 60
MORGAN STANLEY                   COM NEW          617446448           1          45 SH       Sole                                 45
SEANERGY MARITIME HLDGS CORP     SHS              Y73760129           1         266 SH       Sole                                266
CITIGROUP INC                    COM NEW          172967424           1          20 SH       Sole                                 20
WELLS FARGO & CO NEW             COM              949746101           1          16 SH       Sole                                 16
BROADRIDGE FINL SOLUTIONS IN     COM              11133T103           1          25 SH       Sole                                 25
MYREXIS INC                      COM              62856H107           1         200 SH       Sole                                200
TIANYIN PHARMACEUTICAL CO IN     COM              88630M104           0       1,000 SH       Sole                              1,000
BROOKFIELD INFRAST PARTNERS      LP INT UNIT      G16252101           0          12 SH       Sole                                 12
GIVEN IMAGING                    ORD SHS          M52020100           0          25 SH       Sole                                 25
SYNTROLEUM CORP                  COM              871630109           0         400 SH       Sole                                400
AMERICAN INTL GROUP INC          COM NEW          026874784           0          05 SH       Sole                                  5
ALCATEL-LUCENT                   SPONSORED ADR    013904305           0          97 SH       Sole                                 97
LAKELAND INDS INC                COM              511795106           0          20 SH       Sole                                 20
NORTHSTAR RLTY FIN CORP          COM              66704R100           0          17 SH       Sole                                 17
AMERICAN INTL GROUP INC          *W EXP 01/19/202 026874156           0          02 SH       Sole                                  2
ORCHARD SUPPLY HARDWARE STOR     CL A             685691404           0          01 SH       Sole                                  1
JPMORGAN CHASE & CO              COM              46625H100           0          00 SH       Sole                                  0