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
3M COMPANY COM 88579Y101 115 850 SH   SOLE   0 850 0
3M COMPANY COM 88579Y101 186 1,374 SH   DFND   0 1,200 174
ADVANCE AUTO PARTS, INC COM 00751Y106 9,102 71,950 SH   SOLE   71,950 0 0
ALCATEL-LUCENT ADR COM 013904305 235 60,350 SH   SOLE   0 60,350 0
AMERISOURCEBERGEN CORP COM 03073E105 13,189 201,085 SH   SOLE   199,300 1,785 0
AMIRA NATURE FOODS LTD COM G0335L102 456 26,750 SH   SOLE   0 26,750 0
ANNALY CAPITAL MGMT, INC COM 035710409 336 30,650 SH   SOLE   0 30,650 0
ANTARES PHARMA, INC COM 036642106 5,298 1,513,735 SH   SOLE   1,473,735 40,000 0
APOLLO RESIDENTIAL MTG, INC COM 03763V102 794 48,900 SH   SOLE   0 48,900 0
APTARGROUP, INC COM 038336103 1,628 24,622 SH   SOLE   0 24,622 0
AT&T, INC COM 00206R102 368 10,496 SH   SOLE   0 10,496 0
AT&T, INC COM 00206R102 70 2,000 SH   DFND   0 2,000 0
AVID TECH, INC COM 05367P100 102 16,750 SH   SOLE   0 16,750 0
BARNES & NOBLE, INC COM 067774109 7,213 345,100 SH   SOLE   345,100 0 0
BEACON ROOFING SUPPLY, INC COM 073685109 10,113 261,600 SH   SOLE   261,600 0 0
BED BATH & BEYOND, INC COM 075896100 10,664 155,000 SH   SOLE   155,000 0 0
BLACKHAWK NETWORK HLDGS, INC COM 09238E104 16,564 679,148 SH   SOLE   679,148 0 0
BLACKHAWK NETWORK HLDGS, INC COM 09238E104 244 10,000 SH   DFND   0 0 10,000
BLACKROCK MUNI ASSETS COM 09254J102 86 7,000 SH   SOLE   0 7,000 0
BLACKROCK MUNI ASSETS COM 09254J102 49 4,000 SH   DFND   0 4,000 0
BLACKSTONE GROUP, LP COM 09253U108 170 5,100 SH   SOLE   0 5,100 0
BLACKSTONE GROUP, LP COM 09253U108 100 3,000 SH   DFND   0 0 3,000
CEMPRA, INC COM 15130J109 1,706 147,748 SH   SOLE   147,748 0 0
CH ROBINSON WORLDWIDE, INC COM 12541W209 5,561 106,150 SH   SOLE   106,150 0 0
CHIMERIX, INC COM 16934W106 395 17,300 SH   SOLE   0 17,300 0
CHURCH & DWIGHT, INC COM 171340102 787 11,394 SH   SOLE   0 11,394 0
COMMUNITY HEALTH SYS, INC COM 203668108 10,928 279,000 SH   SOLE   279,000 0 0
COMMUNITY HEALTH SYS, INC COM 203668108 33 855 SH   DFND   0 0 855
CVS CORP COM 126650100 451 6,020 SH   SOLE   0 6,020 0
ENDOLOGIX, INC COM 29266S106 546 42,391 SH   DFND   0 0 42,391
EXELIXIS, INC COM 30161Q104 43 12,230 SH   DFND   0 0 12,230
EXPONENT, INC COM 30214u102 4,505 60,025 SH   SOLE   60,025 0 0
EXXON MOBIL CORP COM 30231G102 364 3,722 SH   SOLE   0 3,722 0
EXXON MOBIL CORP COM 30231G102 17 178 SH   DFND   0 0 178
FOREST CITY ENT, INC CL A COM 345550107 221 11,550 SH   DFND   0 0 11,550
GENERAL MOTORS COM 37045V100 585 17,000 SH   SOLE   0 17,000 0
GRAND CANYON EDUCATION, INC COM 38526M106 7,920 169,593 SH   SOLE   169,593 0 0
ICON PLC COM G4705A100 6,212 130,638 SH   SOLE   130,638 0 0
INKSURE TECH COM 45727E106 0 13,000 SH   DFND   0 0 13,000
INT'L SPEEDWAY CORP COM 460335201 7,488 220,300 SH   SOLE   220,300 0 0
IRONWOOD PHARMACEUTICALS COM 46333X108 242 19,662 SH   SOLE   0 19,662 0
ISHARE NASDAQ BIOTECH COM 464287556 628 2,656 SH   SOLE   0 2,656 0
ISHARE RUSSELL 3000 GROWTH IND COM 464287671 256 3,600 SH   SOLE   0 3,600 0
ISHARES TR RUSSELL 2000 GROWTH COM 464287648 382 2,805 SH   SOLE   0 2,805 0
ISIS PHARMACEUTICALS, INC COM 464330109 6,669 154,334 SH   SOLE   123,634 30,700 0
ISIS PHARMACEUTICALS, INC COM 464330109 2,273 52,600 SH   DFND   0 0 52,600
JOHNSON & JOHNSON COM 478160104 422 4,300 SH   SOLE   0 4,300 0
JOHNSON & JOHNSON COM 478160104 7 74 SH   DFND   0 0 74
KAPSTONE PAPER & PACKAGING COR COM 48562P103 16,512 572,521 SH   SOLE   568,921 3,600 0
KAPSTONE PAPER & PACKAGING COR COM 48562P103 4,661 161,600 SH   DFND   0 0 161,600
KAYNE ANDERSON ENERGY TOTAL RE COM 48660P104 123 4,500 SH   SOLE   0 4,500 0
KAYNE ANDERSON ENERGY TOTAL RE COM 48660P104 194 7,100 SH   DFND   0 1,000 6,100
KAYNE ANDERSON MIDSTREAM/ENERG COM 48661E108 234 6,900 SH   SOLE   0 6,900 0
KAYNE ANDERSON MIDSTREAM/ENERG COM 48661E108 115 3,400 SH   DFND   0 3,000 400
KKR FINANCIAL HOLDINGS LLC COM 48248A306 384 33,219 SH   SOLE   0 33,219 0
KKR FINANCIAL HOLDINGS LLC COM 48248A306 87 7,486 SH   DFND   0 2,486 5,000
LEXICON PHARMACEUTICALS, INC COM 528872104 354 204,342 SH   SOLE   204,342 0 0
LIQUIDITY SERVICES, INC COM 53635B107 4,819 185,000 SH   SOLE   185,000 0 0
LOUISIANA-PACIFIC CORP COM 546347105 4,420 262,000 SH   SOLE   262,000 0 0
MACQUARIE INFRASTRUCTURE LLC COM 55608B105 804 14,040 SH   SOLE   0 14,040 0
MACQUARIE INFRASTRUCTURE LLC COM 55608B105 181 3,156 SH   DFND   0 1,756 1,400
MARTIN MAR MTLS COM 573284106 215 1,679 SH   SOLE   0 1,679 0
METLIFE, INC COM 59156R108 11,616 220,000 SH   SOLE   220,000 0 0
MISTRAS GROUP COM 60649T107 3,677 161,500 SH   SOLE   161,500 0 0
MRC GLOBAL, INC COM 55345K103 8,068 299,250 SH   SOLE   299,250 0 0
MYLAN LABORATORIES COM 628530107 10,157 208,000 SH   SOLE   208,000 0 0
NEONODE, INC COM 64051M402 469 82,500 SH   SOLE   0 82,500 0
NEONODE, INC COM 64051M402 43 7,500 SH   DFND   0 7,500 0
NOVAVAX, INC COM 670002104 3,262 720,000 SH   SOLE   720,000 0 0
OCH-ZIFF CAPITAL MGMT GRP CL A COM 67551U105 551 40,000 SH   SOLE   0 40,000 0
OCH-ZIFF CAPITAL MGMT GRP CL A COM 67551U105 55 4,000 SH   DFND   0 0 4,000
PANACOS PHARMACEUTICALS, INC COM 69811Q106 0 25,000 SH   DFND   0 0 25,000
PANERA BREAD CO CL A COM 69840W108 7,751 43,920 SH   SOLE   43,920 0 0
POLYPORE INT'L, INC COM 73179V103 8,617 251,900 SH   SOLE   251,900 0 0
POTBELLY CORP COM 73754Y100 11,315 633,201 SH   SOLE   633,201 0 0
PROCTER & GAMBLE COM 742718109 242 3,000 SH   SOLE   0 3,000 0
PROCTER & GAMBLE COM 742718109 81 1,000 SH   DFND   0 1,000 0
RITCHIE BROS AUCTIONEERS, INC COM 767744105 12,471 516,810 SH   SOLE   516,810 0 0
RYDEX RUSSELL TOP 50 ETF COM 78355W205 266 2,050 SH   SOLE   0 2,050 0
SAFEWAY INC COM 786514208 13,835 374,535 SH   SOLE   374,535 0 0
SANOFI-AVENTIS CONT. VALUE RT COM 80105N113 10 32,302 SH   DFND   0 0 32,302
SENOMYX, INC COM 81724Q107 485 45,500 SH   SOLE   0 45,500 0
SENOMYX, INC COM 81724Q107 160 15,000 SH   DFND   0 0 15,000
SOLAR CAP LTD COM 83413U100 323 14,850 SH   SOLE   0 14,850 0
SOLAR CAP LTD COM 83413U100 98 4,500 SH   DFND   0 4,000 500
SOLAR SENIOR CAPITAL LTD COM 83416M105 1,867 109,100 SH   SOLE   52,200 56,900 0
SOLAR SENIOR CAPITAL LTD COM 83416M105 140 8,200 SH   DFND   0 3,000 5,200
SPDR HEALTHCARE SELECT COM 81369Y209 458 7,835 SH   SOLE   0 7,835 0
SPDR HEALTHCARE SELECT COM 81369Y209 37 629 SH   DFND   0 629 0
SPEEDWAY MOTORSPORTS, INC COM 847788106 9,642 514,811 SH   SOLE   514,811 0 0
STARWOOD WAYPOINT RESIDENTIAL COM 85571W109 525 18,250 SH   SOLE   0 18,250 0
STARWOOD WAYPOINT RESIDENTIAL COM 85571W109 6 200 SH   DFND   0 0 200
STATE STREET CORP COM 857477103 8,207 118,000 SH   SOLE   118,000 0 0
SYMANTEC CORP COM 871503108 4,793 240,000 SH   SOLE   240,000 0 0
TARGET CORP COM 87612E106 13,988 231,175 SH   SOLE   228,800 2,375 0
TARGET CORP COM 87612E106 7 118 SH   DFND   0 0 118
TD AMERITRADE HLDG CORP COM 87236Y108 7,728 227,627 SH   SOLE   227,627 0 0
TEAM, INC COM 878155100 8,402 196,028 SH   SOLE   196,028 0 0
TILE SHOP HLDGS, INC COM 88677q109 8,243 533,500 SH   SOLE   533,500 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 441 43,000 SH   SOLE   0 43,000 0
TWO HARBORS INVESTMENT CORP COM 90187B101 15 1,500 SH   DFND   0 0 1,500
ULTA SALON COSMETICS & FRAGRAN COM 90384S303 8,770 90,000 SH   SOLE   90,000 0 0
URS CORP COM 903236107 6,424 136,500 SH   SOLE   136,500 0 0
VANGUARD DIV APPRECIATION INDX COM 921908844 714 9,490 SH   SOLE   0 9,490 0
VANGUARD DIV APPRECIATION INDX COM 921908844 42 560 SH   DFND   0 560 0
VENTAS, INC COM 92276F100 133 2,198 SH   SOLE   0 2,198 0
VENTAS, INC COM 92276F100 151 2,500 SH   DFND   0 0 2,500
VERIZON COMMUNICATIONS COM 92343v104 305 6,406 SH   SOLE   0 6,406 0
VERIZON COMMUNICATIONS COM 92343v104 5 112 SH   DFND   0 0 112
VISA, INC COM 92826C839 384 1,780 SH   SOLE   0 1,780 0
VISA, INC COM 92826C839 216 1,000 SH   DFND   0 1,000 0
WISDOMTREE INDIA ETF COM 97717W422 312 16,450 SH   SOLE   0 16,450 0
WISDOMTREE INDIA ETF COM 97717W422 38 2,000 SH   DFND   0 2,000 0
VANGUARD MSCI EMERGING MKTS COM 922042858 1,334 32,866 SH   SOLE   0 32,866 0
VANGUARD MSCI EMERGING MKTS COM 922042858 41 1,000 SH   DFND   0 1,000 0
OPENTABLE, INC COM 68372A906 897 11,664 SH   SOLE   0 11,664 0
THE CONTAINER STORE, INC COM 210751103 238 7,000 SH   SOLE   0 7,000 0