The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100 714 21,521 SH   SOLE 0 0 0 21,521
ABRAXAS PETROLEUM CORP COM 003830106 810 314,976 SH   SOLE 0 0 0 314,976
ALPINE GLOBAL PREMIER PROPER COM SBI 02083A103 101 14,063 SH   SOLE 0 0 0 14,063
AMERICAN WOODMARK CORP COM 030506109 336 9,695 SH   SOLE 0 0 0 9,695
API TECHNOLOGIES CORP COM NEW 00187e203 31 10,550 SH   SOLE 0 0 0 10,550
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406 4,286 332,305 SH   SOLE 0 0 0 332,305
ARC DOCUMENT SOLUTIONS INC COM 00191G103 441 96,000 SH   SOLE 0 0 0 96,000
ARROW ELECTRONICS INC COM 042735100 5,449 112,276 SH   SOLE 0 0 0 112,276
ASBURY AUTOMOTIVE GROUP COM 043436104 3,620 68,049 SH   SOLE 0 0 0 68,049
ASURE SOFTWARE INC COM 04649U102 586 135,682 SH   SOLE 0 0 0 135,682
ATMEL CORP COM 049513104 372 50,000 SH   SOLE 0 0 0 50,000
B2GOLD CORP COM 11777Q209 918 370,000 SH   SOLE 0 0 0 370,000
BLACKROCK RESOURCES & COMMOD SHS 09257A108 739 63,840 SH   SOLE 0 0 0 63,840
BRIGUS GOLD CORP COM 109490102 646 1,076,463 SH   SOLE 0 0 0 1,076,463
BRUNSWICK CORP COM 117043109 6,570 164,639 SH   SOLE 0 0 0 164,639
CADENCE PHARMACEUTICALS INC COM 12738T100 126 20,000 SH   SOLE 0 0 0 20,000
CAMECO CORP COM 13321L108 271 15,000 SH   SOLE 0 0 0 15,000
CARMAX INC COM 143130102 811 16,740 SH   SOLE 0 0 0 16,740
CBRE GROUP INC CL A CL A 12504l109 496 21,450 SH   SOLE 0 0 0 21,450
CEVA INC COM 157210105 592 34,291 SH   SOLE 0 0 0 34,291
CHIPOTLE MEXICAN GRILL INC COM 169656105 2,335 5,445 SH   SOLE 0 0 0 5,445
CLEAN HARBORS INC COM 184496107 5,528 94,236 SH   SOLE 0 0 0 94,236
COASTAL CONTACTS INC COM NEW 19044R207 175 27,801 SH   SOLE 0 0 0 27,801
CONN'S INC COM 208242107 2,408 48,138 SH   SOLE 0 0 0 48,138
CORINTHIAN COLLEGES INC COM 218868107 231 105,000 SH   SOLE 0 0 0 105,000
DESTINATION XL GROUP INC COM 25065K104 336 51,900 SH   SOLE 0 0 0 51,900
DIXIE GROUP INC CL A 255519100 2,578 231,405 SH   SOLE 0 0 0 231,405
DYNEX CAPITAL INC COM NEW 26817Q506 1,175 133,967 SH   SOLE 0 0 0 133,967
EINSTEIN NOAH RESTAURANT GRO COM 28257U104 703 40,596 SH   SOLE 0 0 0 40,596
ELLSWORTH FUND INC COM 289074106 268 34,013 SH   SOLE 0 0 0 34,013
ENTEROMEDICS INC COM NEW 29365M208 187 150,000 SH   SOLE 0 0 0 150,000
ESSEX RENTAL CORP COM 297187106 277 81,140 SH   SOLE 0 0 0 81,140
EXACT SCIENCES CORP COM 30063P105 969 82,080 SH   SOLE 0 0 0 82,080
EXTREME NETWORKS INC COM 30226D106 1,488 285,000 SH   SOLE 0 0 0 285,000
FINISAR CORPORATION COM NEW 31787A507 887 39,209 SH   SOLE 0 0 0 39,209
FORWARD AIR CORPORATION COM 349853101 2,146 53,218 SH   SOLE 0 0 0 53,218
FRANCO-NEVADA CORP COM 351858105 905 20,000 SH   SOLE 0 0 0 20,000
FREQUENCY ELECTRONICS INC COM 358010106 451 38,588 SH   SOLE 0 0 0 38,588
GREAT LAKES DREDGE & DOCK CO COM 390607109 2,051 275,992 SH   SOLE 0 0 0 275,992
HARLEY-DAVIDSON INC COM 412822108 5,647 87,903 SH   SOLE 0 0 0 87,903
HURON CONSULTING GROUP INC COM 447462102 5,105 97,047 SH   SOLE 0 0 0 97,047
IKANOS COMMUNICATIONS INC COM 45173E105 138 111,477 SH   SOLE 0 0 0 111,477
INTEGRATED SILICON SOLUTION COM 45812P107 349 32,044 SH   SOLE 0 0 0 32,044
INUVO INC COM NEW 46122W204 56 46,800 SH   SOLE 0 0 0 46,800
ISHARES TR BARCLAYS 1-3 YEARS 1-3 YR CR BD ETF 464288646 1,520 14,440 SH   SOLE 0 0 0 14,440
ISHARES TR S&P 500 INDEX CORE S&P500 ETF 464287200 914 5,411 SH   SOLE 0 0 0 5,411
ITT EDUCATIONAL SERVICES INC COM 45068B109 2,015 65,000 SH   SOLE 0 0 0 65,000
JONES LANG LASALLE INC COM 48020q107 886 10,150 SH   SOLE 0 0 0 10,150
K12 INC COM 48273U102 482 15,600 SH   SOLE 0 0 0 15,600
KAYNE ANDERSON ENERGY TOTAL RE COM 48660P104 377 12,595 SH   SOLE 0 0 0 12,595
KORN/FERRY INTERNATIONAL COM NEW 500643200 2,892 135,157 SH   SOLE 0 0 0 135,157
LANNETT CO INC COM 516012101 792 36,300 SH   SOLE 0 0 0 36,300
LEMAITRE VASCULAR INC COM 525558201 591 88,151 SH   SOLE 0 0 0 88,151
LENNOX INTERNATIONAL INC COM 526107107 4,893 65,007 SH   SOLE 0 0 0 65,007
LIQUIDITY SERVICES INC COM 53635b107 441 13,170 SH   SOLE 0 0 0 13,170
MARTIN MARIETTA MATERIALS COM 573284106 4,186 42,636 SH   SOLE 0 0 0 42,636
MASTERCARD INC CL A CL A 57636q104 502 746 SH   SOLE 0 0 0 746
MCKESSON CORP COM 58155q103 1,423 11,095 SH   SOLE 0 0 0 11,095
MICROS SYSTEMS INC COM 594901100 339 6,791 SH   SOLE 0 0 0 6,791
MICROSOFT CORP COM 594918104 1,072 32,217 SH   SOLE 0 0 0 32,217
MONSANTO CO COM 61166w101 1,109 10,630 SH   SOLE 0 0 0 10,630
NANOSPHERE INC COM 63009F105 600 300,000 SH   SOLE 0 0 0 300,000
NETGEAR INC COM 64111Q104 1,852 60,000 SH   SOLE 0 0 0 60,000
NORTHERN OIL AND GAS INC COM 665531109 2,089 144,766 SH   SOLE 0 0 0 144,766
NUVEEN CREDIT STRATEGIES INCOM COM SHS 67073d102 348 37,250 SH   SOLE 0 0 0 37,250
NUVEEN PREMIUM INC MUNI FD 2 COM 67063W102 1,535 117,596 SH   SOLE 0 0 0 117,596
OPKO HEALTH INC COM 68375N103 1,769 200,741 SH   SOLE 0 0 0 200,741
PANDORA MEDIA INC COM 698354107 651 25,900 SH   SOLE 0 0 0 25,900
PC CONNECTION INC COM 69318J100 832 55,147 SH   SOLE 0 0 0 55,147
PERRY ELLIS INTERNATIONAL COM 288853104 451 23,956 SH   SOLE 0 0 0 23,956
PIER 1 IMPORTS INC COM 720279108 493 25,245 SH   SOLE 0 0 0 25,245
PIXELWORKS INC COM NEW 72581M305 521 129,700 SH   SOLE 0 0 0 129,700
PLANET PAYMENT INC SHS U72603118 360 141,744 SH   SOLE 0 0 0 141,744
POINTS INTERNATIONAL LTD COM NEW 730843208 730 31,570 SH   SOLE 0 0 0 31,570
PRIMERO MINING CORP COM 74164W106 463 85,000 SH   SOLE 0 0 0 85,000
QUANTA SERVICES INC COM 74762e102 5,038 183,134 SH   SOLE 0 0 0 183,134
REALD INC COM 75604L105 420 60,000 SH   SOLE 0 0 0 60,000
RENTECH NITROGEN PARTNERS LP COM UNIT 760113100 835 34,043 SH   SOLE 0 0 0 34,043
REPUBLIC AIRWAYS HOLDINGS IN COM 760276105 238 20,000 SH   SOLE 0 0 0 20,000
ROGERS CORP COM 775133101 4,121 69,280 SH   SOLE 0 0 0 69,280
ROYAL GOLD INC COM 780287108 487 10,000 SH   SOLE 0 0 0 10,000
S&W SEED CO-CW15 CL B *W EXP 05/03/201 785135120 100 99,651 SH   SOLE 0 0 0 99,651
SCHWAB (CHARLES) CORP COM 808513105 211 10,000 SH   SOLE 0 0 0 10,000
SEVERN BANCORP ANNAPOLIS MD COM 81811m100 97 18,567 SH   SOLE 0 0 0 18,567
SILVER WHEATON CORP COM 828336107 867 35,000 SH   SOLE 0 0 0 35,000
SMITH (A.O.) CORP COM 831865209 5,445 120,475 SH   SOLE 0 0 0 120,475
SOTHERLY HOTELS INC COM 83600C103 562 118,541 SH   SOLE 0 0 0 118,541
SPANSION INC-CLASS A COM CL A NEW 84649R200 101 10,000 SH   SOLE 0 0 0 10,000
SUMMIT HOTEL PROPERTIES INC COM 866082100 268 29,170 SH   SOLE 0 0 0 29,170
TEMPUR SEALY INTERNATIONAL I COM 88023U101 1,758 40,000 SH   SOLE 0 0 0 40,000
TEXTURA CORP COM 883211104 1,271 29,502 SH   SOLE 0 0 0 29,502
TOWERSTREAM CORP COM 892000100 1,004 352,400 SH   SOLE 0 0 0 352,400
TRANSATLANTIC PETROLEUM LTD SHS G89982105 650 774,224 SH   SOLE 0 0 0 774,224
UMH PROPERTIES INC COM 903002103 513 51,700 SH   SOLE 0 0 0 51,700
UNITED RENTALS INC COM 911363109 4,048 69,441 SH   SOLE 0 0 0 69,441
VANGUARD BOND INDEX FUND INC I INTERMED TERM 921937819 264 3,159 SH   SOLE 0 0 0 3,159
VANGUARD BOND INDEX FUND INC T TOTAL BND MRKT 921937835 578 7,145 SH   SOLE 0 0 0 7,145
VANGUARD INDEX FUNDS GROWTH ET GROWTH ETF 922908736 351 4,145 SH   SOLE 0 0 0 4,145
VANGUARD INDEX FUNDS STOCK MKT TOTAL STK MKT 922908769 1,095 12,490 SH   SOLE 0 0 0 12,490
VANGUARD INTL EQUITY INDEX FUN ALLWRLD EX US 922042775 1,350 27,780 SH   SOLE 0 0 0 27,780
VANGUARD TAX-MANAGED FUND EURO FTSE DEV MKT ETF 921943858 1,161 29,321 SH   SOLE 0 0 0 29,321
VIRTUSA CORP COM 92827P102 1,596 54,934 SH   SOLE 0 0 0 54,934
WALGREEN CO COM 931422109 1,475 27,425 SH   SOLE 0 0 0 27,425
WERNER ENTERPRISES INC COM 950755108 2,531 108,475 SH   SOLE 0 0 0 108,475
WILLBROS GROUP INC COM 969203108 1,581 172,171 SH   SOLE 0 0 0 172,171
WINNEBAGO INDUSTRIES COM 974637100 6,719 258,838 SH   SOLE 0 0 0 258,838
WISDOMTREE INV INC COM 97717P104 466 40,200 SH   SOLE 0 0 0 40,200
ZIX CORP COM 98974P100 1,001 204,200 SH   SOLE 0 0 0 204,200