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
ACADIA REALTY TRUST COM 004239109 2,458 87,500 SH   SOLE   87,500 0 0
ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2,966 38,200 SH   SOLE   38,200 0 0
AMERICAN CAMPUS COMMUNITIES IN COM 024835100 2,868 75,000 SH   SOLE   75,000 0 0
BRANDYWINE REALTY TRUST SBI COM 105368203 2,140 137,200 SH   SOLE   137,200 0 0
CAMDEN PROPERTY TRUST COM 133131102 2,295 32,250 SH   SOLE   32,250 0 0
CHESAPEAKE LODGING TRUST COM 165240102 1,965 65,000 SH   SOLE   65,000 0 0
CUBE SMART COM 229663109 1,649 90,000 SH   SOLE   90,000 0 0
DDR CORP COM 23317H102 3,647 206,864 SH   SOLE   206,864 0 0
DIGITAL REALTY TRUST INC COM 253868103 8,519 146,071 SH   SOLE   146,071 0 0
EASTGROUP PROPERTIES SBI COM 277276101 4,181 65,100 SH   SOLE   65,100 0 0
EDUCATION REALTY TRUST INC COM 28140H104 1,611 150,000 SH   SOLE   150,000 0 0
EQUITY RESIDENTIAL COM 29476L107 2,533 40,200 SH   SOLE   40,200 0 0
ESSEX PROPERTY TRUST INC COM 297178105 2,547 13,775 SH   SOLE   13,775 0 0
FEDERAL REALTY INV. TRUST COM 313747206 2,116 17,500 SH   SOLE   17,500 0 0
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 1,507 80,000 SH   SOLE   80,000 0 0
GENERAL GROWTH PROPERTIES COM 370023103 2,709 115,000 SH   SOLE   115,000 0 0
GLIMCHER REALTY TRUST COM 379302102 15,000 1,385,000 SH   SOLE   1,385,000 0 0
HCP INC COM 40414l109 1,082 26,150 SH   SOLE   26,150 0 0
HEALTH CARE REIT INC COM 42217K106 3,456 55,150 SH   SOLE   55,150 0 0
HERSHA HOSPITALITY TRUST COM 427825104 1,510 225,000 SH   SOLE   225,000 0 0
HIGHWOODS PROPERTIES INC COM 431284108 23,191 552,814 SH   SOLE   552,814 0 0
HOME PROPERTIES INC COM 437306103 16,334 255,375 SH   SOLE   255,375 0 0
HOSPITALITY PROPERTIES TRUST COM 44106M102 507 16,675 SH   SOLE   16,675 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 1,394 55,000 SH   SOLE   55,000 0 0
KIMCO REALTY CORP COM 49446R109 3,952 171,975 SH   SOLE   171,975 0 0
LASALLE HOTEL PROPERTIES COM 517942108 1,588 45,000 SH   SOLE   45,000 0 0
LIBERTY PROPERTY TRUST COM 531172104 2,425 63,945 SH   SOLE   63,945 0 0
MACERICH CO COM 554382101 4,548 68,132 SH   SOLE   68,132 0 0
MEDICAL PROPERTIES TRUST INC COM 58463j304 22,173 1,674,680 SH   SOLE   1,674,680 0 0
MID-AMERICA APARTMENT COMMUNIT COM 59522J103 254 3,480 SH   SOLE   3,480 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,332 62,700 SH   SOLE   62,700 0 0
OMEGA HEALTHCARE INVESTORS COM 681936100 1,843 50,000 SH   SOLE   50,000 0 0
POST PROPERTIES INC COM 737464107 1,604 30,000 SH   SOLE   30,000 0 0
RAYONIER INC COM 754907103 889 25,000 SH   SOLE   25,000 0 0
RLJ LODGING TRUST COM 74965L101 3,883 134,400 SH   SOLE   134,400 0 0
RYMAN HOSPITALITY PROPERTIES COM 78377T107 18,395 382,040 SH   SOLE   382,040 0 0
SIMON PROPERTY GROUP INC COM 828806109 13,805 83,022 SH   SOLE   83,022 0 0
SL GREEN REALTY CORP COM 78440X101 24,275 221,875 SH   SOLE   221,875 0 0
SOVRAN SELF STORAGE INC COM 84610H108 2,086 27,000 SH   SOLE   27,000 0 0
SUNSTONE HOTEL INVESTORS INC COM 867892101 1,216 81,414 SH   SOLE   81,414 0 0
TANGER FACTORY OUTLET CENTERS COM 875465106 1,574 45,000 SH   SOLE   45,000 0 0
TRADE STREET RESIDENTIAL INC COM 89255N203 518 69,200 SH   SOLE   69,200 0 0
UDR INC COM 902653104 3,340 116,677 SH   SOLE   116,677 0 0
VENTAS INC COM 92276F100 1,983 30,933 SH   SOLE   30,933 0 0
VORNADO REALTY TRUST COM 929042109 1,067 10,000 SH   SOLE   10,000 0 0
W P CAREY INC COM 92936U109 5,252 81,555 SH   SOLE   81,555 0 0
WASHINGTON PRIME GROUP INC COM 939647103 343 18,316 SH   SOLE   18,316 0 0
3M COMPANY COM 88579Y101 10,680 74,558 SH   SOLE   74,558 0 0
A T & T INC COM 00206R102 4,725 133,612 SH   SOLE   133,612 0 0
ABBOTT LABORATORIES COM 002824100 7,921 193,659 SH   SOLE   193,659 0 0
ABBVIE INC COM 00287Y109 12,014 212,870 SH   SOLE   212,870 0 0
ACCENTURE PLC - CL A COM G1151C101 10,061 124,454 SH   SOLE   124,454 0 0
ACTAVIS PLC COM G0083B108 6,453 28,930 SH   SOLE   28,880 0 50
ACTIVISION BLIZZARD INC COM 00507V109 2,054 92,100 SH   SOLE   92,100 0 0
ACTUANT CORP - CL A COM 00508X203 19,325 559,025 SH   SOLE   559,025 0 0
ADR TOYOTA MOTOR CORP COM COM 892331307 203 1,700 SH   SOLE   1,700 0 0
ADT CORP COM 00101J106 211 6,025 SH   SOLE   6,025 0 0
AEGION CORP COM 00770F104 504 21,650 SH   SOLE   21,650 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 32,553 158,488 SH   SOLE   158,488 0 0
AFLAC INC COM 001055102 1,997 32,075 SH   SOLE   32,075 0 0
AGRIUM INC COM 008916108 2,586 28,225 SH   SOLE   28,225 0 0
AIR PRODUCTS & CHEMICALS INC COM 009158106 15,580 121,134 SH   SOLE   121,134 0 0
AIRGAS INC COM 009363102 2,984 27,400 SH   SOLE   27,400 0 0
ALLERGAN INC COM 018490102 719 4,250 SH   SOLE   4,250 0 0
ALLSTATE CORPORATION COM 020002101 1,801 30,675 SH   SOLE   30,675 0 0
ALTRIA GROUP INC COM 02209S103 3,141 74,888 SH   SOLE   73,000 0 1,888
AMERICAN ELECTRIC POWER CO COM 025537101 407 7,300 SH   SOLE   7,300 0 0
AMERICAN EXPRESS COM 025816109 1,281 13,500 SH   SOLE   13,500 0 0
AMERICAN FINANCIAL GROUP INC COM 025932104 2,168 36,400 SH   SOLE   36,400 0 0
AMERICAN WATER WORKS CO INC COM 030420103 7,000 141,560 SH   SOLE   141,560 0 0
AMERIPRISE FINANCIAL INC COM 03076C106 10,419 86,829 SH   SOLE   86,829 0 0
AMGEN INC COM 031162100 7,873 66,509 SH   SOLE   66,409 0 100
ANADARKO PETROLEUM CORP COM 032511107 1,423 13,000 SH   SOLE   13,000 0 0
ANIXTER INTERNATIONAL COM 035290105 29,193 291,725 SH   SOLE   291,725 0 0
ANN INC COM 035623107 19,838 482,198 SH   SOLE   482,198 0 0
AON PLC COM G0408V102 245 2,719 SH   SOLE   2,719 0 0
APACHE CORP COM 037411105 1,084 10,775 SH   SOLE   10,775 0 0
APPLE INC COM 037833100 6,167 66,366 SH   SOLE   65,288 0 1,078
ARCHER DANIELS MIDLAND COM 039483102 401 9,100 SH   SOLE   9,100 0 0
AVAGO TECHNOLOGIES LTD COM Y0486S104 2,054 28,500 SH   SOLE   28,500 0 0
AVERY DENNISON CORP COM 053611109 2,122 41,400 SH   SOLE   41,400 0 0
AVISTA CORP COM 05379B107 17,869 533,086 SH   SOLE   533,086 0 0
BANK OF AMERICA CORP COM 060505104 274 17,824 SH   SOLE   17,824 0 0
BAR HARBOR BANKSHARES COM 066849100 293 10,500 SH   SOLE   10,500 0 0
BAXTER INT'L COM 071813109 1,758 24,321 SH   SOLE   24,020 0 301
BEACON ROOFING SUPPLY INC COM 073685109 15,426 465,775 SH   SOLE   465,775 0 0
BECTON DICKINSON & CO COM 075887109 6,285 53,127 SH   SOLE   53,127 0 0
BED BATH AND BEYOND INC COM 075896100 443 7,725 SH   SOLE   7,725 0 0
BELDEN INC COM 077454106 36,477 466,700 SH   SOLE   466,700 0 0
BHP BILLITON LTD COM 088606108 534 7,800 SH   SOLE   7,800 0 0
BLACK HILLS CORP COM 092113109 1,799 29,300 SH   SOLE   29,300 0 0
BOARDWALK PIPELINE PARTNERS COM 096627104 247 13,350 SH   SOLE   13,350 0 0
BONANZA CREEK ENERGY INC COM 097793103 26,136 457,000 SH   SOLE   457,000 0 0
BRINKER INTERNATIONAL INC COM 109641100 21,822 448,555 SH   SOLE   448,555 0 0
BRISTOL-MYERS SQUIBB COM 110122108 9,034 186,238 SH   SOLE   186,238 0 0
BUCKEYE PARTNERS L P UNIT LTD COM 118230101 610 7,350 SH   SOLE   7,350 0 0
CABELA'S INC COM 126804301 22,757 364,692 SH   SOLE   364,692 0 0
CABOT OIL & GAS CORP COM 127097103 16,909 495,270 SH   SOLE   495,270 0 0
CACI INTERNATIONAL INC - CL A COM 127190304 15,811 225,200 SH   SOLE   225,200 0 0
CAMPBELL SOUP COM 134429109 3,220 70,300 SH   SOLE   70,300 0 0
CANADIAN NATIONAL RAILWAY CO C COM 136375102 1,808 27,800 SH   SOLE   27,800 0 0
CAPITAL ONE FINANCIAL CORP VA COM 14040H105 4,550 55,089 SH   SOLE   55,089 0 0
CARDTRONICS INC COM 14161H108 16,427 482,005 SH   SOLE   482,005 0 0
CARRIZO OIL & GAS INC COM 144577103 31,116 449,260 SH   SOLE   449,260 0 0
CASEYS GENERAL STORES INC COM 147528103 26,204 372,800 SH   SOLE   372,800 0 0
CATERPILLAR INC COM 149123101 11,663 107,324 SH   SOLE   107,324 0 0
CECO ENVIRONMENTAL CORP COM 125141101 570 36,542 SH   SOLE   36,542 0 0
CELGENE CORP COM COM 151020104 431 5,020 SH   SOLE   5,020 0 0
CENTRAL FUND OF CANADA COM 153501101 400 27,500 SH   SOLE   27,500 0 0
CENTURYLINK INC COM 156700106 1,296 35,805 SH   SOLE   35,805 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 2,491 10,355 SH   SOLE   10,355 0 0
CHEVRON CORP COM 166764100 9,179 70,313 SH   SOLE   70,138 0 175
CHICAGO BRIDGE AND IRON COMPAN COM 167250109 28,831 422,738 SH   SOLE   422,588 0 150
CHURCH & DWIGHT INC COM 171340102 9,552 136,550 SH   SOLE   136,550 0 0
CISCO SYSTEMS INC COM 17275R102 947 38,128 SH   SOLE   36,810 0 1,318
COACH INC COM 189754104 396 11,575 SH   SOLE   11,575 0 0
COAST DISTRIBUTION SERVICES COM 190345108 40 13,000 SH   SOLE   13,000 0 0
COCA-COLA COM 191216100 1,585 37,406 SH   SOLE   37,406 0 0
COLGATE PALMOLIVE CO COM 194162103 434 6,362 SH   SOLE   6,362 0 0
COMMUNITY BANK SYSTEMS INC COM 203607106 16,613 458,935 SH   SOLE   458,935 0 0
COMPASS MINERALS INTERNATIONAL COM 20451n101 13,186 137,725 SH   SOLE   137,725 0 0
CONAGRA FOODS INC COM 205887102 1,575 53,071 SH   SOLE   51,525 0 1,546
CONOCOPHILLIPS COM 20825C104 13,335 155,548 SH   SOLE   155,548 0 0
CONTINENTAL RESOURCES INC COM 212015101 1,770 11,200 SH   SOLE   11,200 0 0
CORNING INC COM 219350105 375 17,100 SH   SOLE   17,100 0 0
CRANE CO COM 224399105 28,114 378,075 SH   SOLE   378,075 0 0
CSX CORP COM 126408103 5,273 171,157 SH   SOLE   171,157 0 0
CVS CAREMARK CORP COM 126650100 9,350 124,054 SH   SOLE   122,974 0 1,080
DARDEN RESTAURANTS INC COM 237194105 1,724 37,250 SH   SOLE   37,250 0 0
DEAN FOODS CO COM 242370203 18,314 1,041,160 SH   SOLE   1,041,160 0 0
DEERE & CO COM 244199105 5,994 66,195 SH   SOLE   66,195 0 0
DEVON ENERGY CORP COM 25179M103 5,081 63,989 SH   SOLE   63,323 0 666
DIAGEO PLC ADR COM 25243Q205 5,044 39,636 SH   SOLE   39,636 0 0
DIAMOND OFFSHORE DRILLING INC COM 25271C102 488 9,825 SH   SOLE   9,825 0 0
DOMINION RESOURCES INC VA COM 25746U109 3,498 48,915 SH   SOLE   48,915 0 0
DONEGAL GROUP INC CL A COM 257701201 475 31,016 SH   SOLE   31,016 0 0
DOVER CORP COM 260003108 381 4,187 SH   SOLE   4,187 0 0
DOW CHEMICAL CO COM 260543103 10,704 207,999 SH   SOLE   207,799 0 200
DR PEPPER SNAPPLE GROUP INC COM 26138E109 879 15,000 SH   SOLE   15,000 0 0
DU PONT EI DE NEMOURS COM 263534109 4,813 73,541 SH   SOLE   73,541 0 0
DUKE ENERGY CO COM 26441C204 3,389 45,682 SH   SOLE   45,682 0 0
EAST WEST BANCORP INC COM 27579R104 2,145 61,300 SH   SOLE   61,300 0 0
EATON CORP PLC COM G29183103 15,937 206,493 SH   SOLE   206,343 0 150
EL PASO ELECTRIC CO COM 283677854 18,122 450,681 SH   SOLE   450,681 0 0
ELI LILLY CO COM 532457108 6,710 107,924 SH   SOLE   107,924 0 0
EMERSON ELECTRIC COM 291011104 7,963 119,998 SH   SOLE   119,998 0 0
ENERGIZER HOLDINGS INC COM 29266R108 1,611 13,200 SH   SOLE   13,200 0 0
ENERGY TRANSFER EQUITY COM UT COM 29273v100 242 4,100 SH   SOLE   4,100 0 0
ENERSYS COM 29275Y102 37,313 542,425 SH   SOLE   542,425 0 0
ENSCO PLC - CL A COM G3157S106 8,809 158,513 SH   SOLE   158,513 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 235 3,000 SH   SOLE   3,000 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 5,231 75,447 SH   SOLE   74,935 0 512
EXXON MOBIL CORPORATION COM 30231G102 12,548 124,635 SH   SOLE   124,635 0 0
FAMILY DOLLAR STORES COM 307000109 3,281 49,600 SH   SOLE   49,600 0 0
FEDEX CORPORATION COM 31428X106 4,095 27,050 SH   SOLE   27,050 0 0
FIRST MIDWEST BANCORP INC COM 320867104 6,600 387,525 SH   SOLE   387,525 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 2,007 36,500 SH   SOLE   36,500 0 0
FISERV INC COM 337738108 3,188 52,848 SH   SOLE   51,450 0 1,398
FORD MOTOR COMPANY COM 345370860 9,101 527,918 SH   SOLE   527,918 0 0
FREEPORT-MCMORAN INC COM 35671D857 8,577 234,995 SH   SOLE   234,995 0 0
GENERAC HOLDINGS INC COM 368736104 26,268 538,940 SH   SOLE   538,940 0 0
GENERAL DYNAMICS CORP COM 369550108 481 4,125 SH   SOLE   4,125 0 0
GENERAL ELECTRIC COM 369604103 14,996 570,611 SH   SOLE   570,611 0 0
GENERAL MILLS INC COM 370334104 606 11,540 SH   SOLE   11,540 0 0
GENUINE PARTS CO COM 372460105 3,421 38,960 SH   SOLE   38,960 0 0
GLACIER BANCORP INC COM 37637q105 13,107 461,850 SH   SOLE   461,850 0 0
GLAXOSMITHKLINE PLC ADR COM 37733W105 840 15,705 SH   SOLE   15,705 0 0
GOOGLE INC CL A COM 38259P508 263 450 SH   SOLE   450 0 0
GOOGLE INC CL C COM 38259P706 259 450 SH   SOLE   450 0 0
GRAINGER W W INC COM 384802104 203 800 SH   SOLE   800 0 0
H&R BLOCK INC COM 093671105 734 21,900 SH   SOLE   21,900 0 0
HALLIBURTON CO COM 406216101 7,204 101,454 SH   SOLE   99,949 0 1,505
HARRIS CORP COM 413875105 3,668 48,425 SH   SOLE   48,425 0 0
HARTFORD FINANCIAL SERVICES GR COM 416515104 415 11,601 SH   SOLE   11,601 0 0
HELMERICH & PAYNE INC COM 423452101 232 2,000 SH   SOLE   2,000 0 0
HERSHEY FOODS COM 427866108 263 2,700 SH   SOLE   2,700 0 0
HERTZ GLOBAL HOLDINGS COM 42805T105 6,428 229,336 SH   SOLE   228,936 0 400
HESS CORP COM 42809H107 927 9,375 SH   SOLE   9,375 0 0
HOME DEPOT INC COM 437076102 1,548 19,115 SH   SOLE   19,115 0 0
HONEYWELL INTL INC COM 438516106 9,490 102,101 SH   SOLE   101,951 0 150
HORMEL FOODS CORP COM 440452100 814 16,500 SH   SOLE   16,500 0 0
IBERIABANK CORP COM 450828108 18,132 262,055 SH   SOLE   262,055 0 0
ICON PLC COM G4705A100 1,734 36,800 SH   SOLE   36,800 0 0
ILLINOIS TOOL WORKS COM 452308109 2,134 24,368 SH   SOLE   24,368 0 0
INGERSOLL-RAND PLC COM G47791101 241 3,850 SH   SOLE   3,850 0 0
INT'L BUSINESS MACHINES CORP COM 459200101 14,733 81,278 SH   SOLE   81,278 0 0
INTEL CORP COM 458140100 4,587 148,434 SH   SOLE   148,434 0 0
INTERCONTINENTAL EXCHANGE GROU COM 45866F104 212 1,123 SH   SOLE   1,123 0 0
J.M. SMUCKER COM COM 832696405 1,211 11,359 SH   SOLE   11,359 0 0
JARDEN CORPORATION COM 471109108 29,516 497,327 SH   SOLE   497,327 0 0
JOHNSON & JOHNSON COM 478160104 13,003 124,288 SH   SOLE   123,826 0 462
JPMORGAN CHASE & CO. COM 46625H100 8,684 150,709 SH   SOLE   149,616 0 1,093
KAYNE ANDERSON ENERGY DEVELOPM COM 48660Q102 291 8,500 SH   SOLE   8,500 0 0
KAYNE ANDERSON MLP INVT CO COM 486606106 6,372 161,675 SH   SOLE   161,675 0 0
KELLOGG CO COM 487836108 401 6,106 SH   SOLE   6,106 0 0
KEY CORP COM 493267108 2,284 159,400 SH   SOLE   159,400 0 0
KIMBERLY-CLARK CORP COM 494368103 13,454 120,964 SH   SOLE   120,964 0 0
KINDER MORGAN ENERGY PRTNRS COM 494550106 551 6,700 SH   SOLE   6,700 0 0
KODIAK OIL & GAS CORP COM 50015Q100 20,111 1,382,190 SH   SOLE   1,382,190 0 0
KOHLS CORP WISC PV COM 500255104 1,412 26,800 SH   SOLE   26,800 0 0
KRAFT FOODS GROUP INC COM 50076Q106 960 16,011 SH   SOLE   16,011 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 2,333 19,325 SH   SOLE   19,325 0 0
LABORATORY CORPORATION OF AMER COM 50540R409 466 4,550 SH   SOLE   4,550 0 0
LOCKHEED MARTIN CORP COM 539830109 1,173 7,300 SH   SOLE   7,300 0 0
LORILLARD INC COM 544147101 236 3,875 SH   SOLE   3,875 0 0
LOWES COMPANIES INC COM 548661107 324 6,759 SH   SOLE   5,600 0 1,159
LYONDELL BASELL INDUSTRIES - C COM N53745100 5,765 59,035 SH   SOLE   58,885 0 150
MACY'S INC COM 55616P104 6,283 108,291 SH   SOLE   108,091 0 200
MAGELLAN MIDSTREAM PARTNERS LL COM 559080106 487 5,800 SH   SOLE   5,800 0 0
MARATHON OIL CORP COM 565849106 1,351 33,840 SH   SOLE   33,840 0 0
MARATHON PETROLEUM CORP COM 56585A102 616 7,890 SH   SOLE   7,890 0 0
MARRIOTT INTERNATIONAL INC CL COM 571903202 2,564 40,000 SH   SOLE   40,000 0 0
MASTEC INCORPORATED COM 576323109 30,966 1,004,730 SH   SOLE   1,004,730 0 0
MB FINANCIAL INC COM 55264u108 13,816 510,775 SH   SOLE   510,775 0 0
MERCK & CO INC/NJ COM 58933Y105 6,360 109,940 SH   SOLE   109,110 0 830
MEREDITH CORP COM 589433101 796 16,450 SH   SOLE   16,450 0 0
METLIFE INC COM 59156R108 7,800 140,384 SH   SOLE   140,384 0 0
MICROSOFT CORP COM 594918104 13,428 322,012 SH   SOLE   322,012 0 0
MITSUBISHI UFJ FINANCIAL GROUP COM 606822104 61 10,000 SH   SOLE   10,000 0 0
MOHAWK INDUSTRIES INC COM 608190104 2,241 16,200 SH   SOLE   16,200 0 0
MONDELEZ INTERNATIONAL INC COM 609207105 1,683 44,740 SH   SOLE   44,740 0 0
MOOG INC COM 615394202 30,905 424,000 SH   SOLE   424,000 0 0
MURPHY OIL CORP COM 626717102 843 12,675 SH   SOLE   12,675 0 0
MYLAN INC COM 628530107 7,287 141,324 SH   SOLE   141,074 0 250
McCORMICK & CO INC NON VTG COM 579780206 2,255 31,500 SH   SOLE   31,500 0 0
McDONALDS CORP COM 580135101 9,508 94,385 SH   SOLE   94,385 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,159 14,075 SH   SOLE   14,075 0 0
NETAPP INC COM 64110D104 259 7,100 SH   SOLE   7,100 0 0
NETSCOUT SYSTEMS INC COM 64115T104 29,695 669,720 SH   SOLE   669,720 0 0
NEW JERSEY RESOURCES COM 646025106 2,186 38,250 SH   SOLE   38,250 0 0
NEWMONT MINING CORP COM 651639106 542 21,300 SH   SOLE   21,300 0 0
NEXTERA ENERGY INC COM 65339F101 4,933 48,138 SH   SOLE   48,138 0 0
NOBLE CORP PLC COM G65431101 1,760 52,430 SH   SOLE   52,430 0 0
NORFOLK SOUTHERN CORP COM 655844108 7,015 68,091 SH   SOLE   67,500 0 591
NORTHWEST BANCSHARES INC COM 667340103 15,096 1,112,426 SH   SOLE   1,112,426 0 0
NOVARTIS AG COM 66987v109 414 4,575 SH   SOLE   4,575 0 0
NOVO-NORDISK ADR COM 670100205 10,915 236,300 SH   SOLE   236,300 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 879 46,850 SH   SOLE   46,850 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 9,743 94,933 SH   SOLE   94,479 0 454
OMNICOM GROUP INC COM 681919106 207 2,900 SH   SOLE   2,900 0 0
ON SEMICONDUCTOR CORPORATION COM 682189105 16,073 1,758,555 SH   SOLE   1,758,555 0 0
ORACLE CORPORATION COM 68389X105 7,696 189,887 SH   SOLE   187,885 0 2,002
OSHKOSH CORP COM 688239201 22,848 411,450 SH   SOLE   411,450 0 0
PAREXEL INTERNATIONAL COM 699462107 33,050 625,480 SH   SOLE   625,480 0 0
PARKER-HANNIFIN COM 701094104 3,752 29,845 SH   SOLE   29,845 0 0
PAYCHEX INC COM 704326107 845 20,324 SH   SOLE   19,350 0 974
PENTAIR PLC COM G7S00T104 2,749 38,121 SH   SOLE   38,121 0 0
PEPSICO INC COM 713448108 6,807 76,191 SH   SOLE   76,191 0 0
PERKINELMER INC COM 714046109 2,164 46,200 SH   SOLE   46,200 0 0
PFIZER INC COM 717081103 3,783 127,475 SH   SOLE   127,475 0 0
PHILIP MORRIS INTERNATIONAL IN COM 718172109 2,869 34,035 SH   SOLE   34,035 0 0
PHILLIPS 66 COM 718546104 11,623 144,516 SH   SOLE   144,366 0 150
PIEDMONT NATURAL GAS COM 720186105 4,552 121,686 SH   SOLE   121,686 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 8,432 94,685 SH   SOLE   94,685 0 0
POLYONE CORP COM 73179P106 36,870 874,940 SH   SOLE   874,940 0 0
PORTLAND GENERAL ELECTRIC CO COM 736508847 15,048 434,025 SH   SOLE   434,025 0 0
PPG INDUSTRIES INC COM 693506107 10,348 49,240 SH   SOLE   49,240 0 0
PPL CORP COM 69351T106 1,385 38,974 SH   SOLE   38,974 0 0
PRAXAIR INC COM 74005P104 1,040 7,830 SH   SOLE   7,830 0 0
PROCTER & GAMBLE COM 742718109 5,088 64,739 SH   SOLE   64,739 0 0
PRUDENTIAL FINANCIAL COM 744320102 9,180 103,416 SH   SOLE   103,416 0 0
PRUDENTIAL PLC - ADR COM 74435K204 206 4,500 SH   SOLE   4,500 0 0
PTC INC COM 69370C100 28,460 733,505 SH   SOLE   733,505 0 0
PUBLIC SERVICE ENTERPRISE INC COM 744573106 698 17,100 SH   SOLE   17,100 0 0
QUAKER CHEMICAL COM 747316107 538 7,000 SH   SOLE   7,000 0 0
QUALCOMM INC COM 747525103 8,504 107,374 SH   SOLE   107,224 0 150
QUEST DIAGNOSTICS COM 74834L100 581 9,896 SH   SOLE   9,548 0 348
RAYTHEON COM 755111507 3,367 36,494 SH   SOLE   36,494 0 0
RF MICRO DEVICES COM 749941100 20,054 2,091,110 SH   SOLE   2,091,110 0 0
RGC RESOURCES COM 74955l103 678 35,116 SH   SOLE   35,116 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 4,983 89,631 SH   SOLE   89,431 0 200
ROYAL DUTCH SHELL PLC COM 780259206 987 11,985 SH   SOLE   11,985 0 0
RPM INC COM 749685103 8,664 187,616 SH   SOLE   187,616 0 0
SCHLUMBERGER LTD COM 806857108 4,271 36,213 SH   SOLE   36,213 0 0
SEADRILL LTD COM G7945E105 847 21,200 SH   SOLE   21,200 0 0
SELECTIVE INSURANCE GROUP INC COM 816300107 14,820 599,525 SH   SOLE   599,525 0 0
SIEMENS AG COM 826197501 203 1,535 SH   SOLE   1,535 0 0
SIGNATURE BANK COM 82669g104 29,785 236,050 SH   SOLE   236,050 0 0
SILGAN HOLDINGS INC COM 827048109 24,065 473,525 SH   SOLE   473,525 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 7,519 160,110 SH   SOLE   159,810 0 300
SOLERA HOLDINGS INC COM 83421A104 18,213 271,225 SH   SOLE   271,225 0 0
SOUTHERN CO COM 842587107 241 5,300 SH   SOLE   5,300 0 0
SOUTHWEST GAS CORP COM 844895102 19,447 368,385 SH   SOLE   368,385 0 0
SPECTRA ENERGY CORP COM 847560109 234 5,500 SH   SOLE   5,500 0 0
STANLEY BLACK DECKER INC COM 854502101 5,539 63,069 SH   SOLE   62,919 0 150
SUPERIOR ENERGY SERVICES COM 868157108 15,253 422,058 SH   SOLE   422,058 0 0
SVB FINANCIAL GROUP COM 78486q101 29,872 256,150 SH   SOLE   256,150 0 0
SYSCO CORP COM 871829107 2,615 69,834 SH   SOLE   69,100 0 734
TAL INTERNATIONAL GROUP INC COM 874083108 218 4,925 SH   SOLE   4,925 0 0
TARGET CORP COM 87612E106 1,592 27,465 SH   SOLE   26,925 0 540
TE CONNECTIVITY LTD COM H84989104 2,317 37,460 SH   SOLE   37,460 0 0
TELEFLEX INC COM 879369106 232 2,200 SH   SOLE   2,200 0 0
TEVA PHARMACTCL INDS ADR COM 881624209 393 7,500 SH   SOLE   7,500 0 0
THE MOSAIC CO COM 61945C103 2,184 44,161 SH   SOLE   43,800 0 361
THE TRAVELERS COMPANIES INC COM 89417e109 7,154 76,046 SH   SOLE   75,896 0 150
THERMO FISHER SCIENTIFIC INC COM 883556102 6,826 57,850 SH   SOLE   57,135 0 715
TORCHMARK CORP COM 891027104 4,127 50,375 SH   SOLE   50,375 0 0
TORONTO-DOMINION BANK COM 891160509 4,852 94,386 SH   SOLE   94,386 0 0
TORTOISE ENERGY INFRASTRUCTURE COM 89147L100 497 10,050 SH   SOLE   10,050 0 0
TOTAL SA SPON ADR COM 89151E109 6,986 96,764 SH   SOLE   96,764 0 0
TRACTOR SUPPLY CO COM 892356106 1,564 25,900 SH   SOLE   25,900 0 0
TRANSOCEAN LTD COM H8817H100 419 9,314 SH   SOLE   9,314 0 0
TRINITY INDUSTRIES COM 896522109 35,292 807,230 SH   SOLE   807,230 0 0
TYCO INTERNATIONAL LTD COM H89128104 4,465 97,916 SH   SOLE   97,916 0 0
U.S. BANCORP COM 902973304 4,064 93,805 SH   SOLE   93,805 0 0
UGI CORP COM 902681105 4,775 94,550 SH   SOLE   94,550 0 0
UMPQUA HOLDINGS CORP COM 904214103 15,165 846,246 SH   SOLE   846,246 0 0
UNION PACIFIC CORP COM 907818108 7,173 71,914 SH   SOLE   71,914 0 0
UNITED BANKSHARES COM 909907107 13,693 423,525 SH   SOLE   423,525 0 0
UNITED PARCEL SERVICE INC COM 911312106 19,405 189,020 SH   SOLE   189,020 0 0
UNITED RENTALS COM 911363109 50,666 483,782 SH   SOLE   483,682 0 100
UNITED TECHNOLOGIES CORP COM 913017109 10,175 88,136 SH   SOLE   88,136 0 0
UNS ENERGY CORP COM 903119105 13,674 226,350 SH   SOLE   226,350 0 0
V F CORP COM 918204108 12,740 202,223 SH   SOLE   202,023 0 200
VALEANT PHARMACEUTICALS INTL COM 91911K102 303 2,400 SH   SOLE   2,400 0 0
VALERO ENERGY CORP COM 91913Y100 421 8,400 SH   SOLE   8,400 0 0
VALLEY NATL BANCORP COM COM 919794107 99 10,000 SH   SOLE   10,000 0 0
VERIZON COMMUNICATIONS COM 92343V104 14,131 288,802 SH   SOLE   288,802 0 0
WAL-MART STORES COM 931142103 235 3,125 SH   SOLE   3,125 0 0
WALT DISNEY COMPANY COM 254687106 2,151 25,088 SH   SOLE   25,088 0 0
WASHINGTON TRUST BANCORP INC COM 940610108 238 6,480 SH   SOLE   6,480 0 0
WASTE MANAGEMENT INC COM 94106L109 10,415 232,836 SH   SOLE   232,836 0 0
WD-40 CO COM 929236107 4,592 61,050 SH   SOLE   61,050 0 0
WEBSTER FINANCIAL CORP COM 947890109 15,387 487,855 SH   SOLE   487,855 0 0
WELLS FARGO & CO COM 949746101 1,412 26,866 SH   SOLE   26,616 0 250
WESCO INTERNATIONAL INC COM 95082P105 1,745 20,200 SH   SOLE   20,200 0 0
WEST PHARMACEUTICAL SERVICES COM 955306105 29,648 702,900 SH   SOLE   702,900 0 0
WESTLAKE CHEMICAL CORP COM 960413102 2,245 26,800 SH   SOLE   26,800 0 0
WGL HOLDINGS COM 92924F106 853 19,800 SH   SOLE   19,800 0 0
WHIRLPOOL CORP COM 963320106 4,273 30,695 SH   SOLE   30,595 0 100
WHITING PETROLEUM CORP COM 966387102 4,374 54,500 SH   SOLE   54,350 0 150
WINTRUST FINANCIAL CORP COM 97650W108 17,274 375,525 SH   SOLE   375,525 0 0
WORTHINGTON INDUSTRIES INC COM 981811102 12,384 287,721 SH   SOLE   287,721 0 0
XCEL ENERGY INC COM 98389B100 306 9,500 SH   SOLE   9,500 0 0
ZIMMER HOLDINGS INC COM 98956P102 5,811 55,955 SH   SOLE   55,855 0 100
VANGUARD LARGE-CAP ETF COM 922908637 1,758 19,535 SH   SOLE   19,535 0 0
VANGUARD TOTAL STOCK MKT VIPER COM 922908769 529 5,200 SH   SOLE   5,200 0 0
ISHARES CHINA LARGE CAP ETF COM 464287184 1,822 49,200 SH   SOLE   49,200 0 0
ISHARES MSCI EAFE ETF COM 464287465 805 11,775 SH   SOLE   11,775 0 0
ISHARES MSCI EMERGING MKTS FD COM 464287234 4,443 102,779 SH   SOLE   102,779 0 0
ISHARES MSCI JAPAN INDEX FD COM 464286848 298 24,745 SH   SOLE   24,745 0 0
ISHARES MSCI PACIFIC EX JAPAN COM 464286665 6,090 123,650 SH   SOLE   123,650 0 0
VANGUARD FTSE EMERGING MARKETS COM 922042858 4,788 111,014 SH   SOLE   110,514 0 500
VANGUARD TOTAL INTL STOCK ETF COM 921909768 423 7,800 SH   SOLE   7,800 0 0
DNP SELECT INCOME FUND INC COM 23325P104 377 35,900 SH   SOLE   5,900 0 0