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
ACHILLION PHARMACEUTICALS INC. COM 00448Q201 437 53,389 SH   SOLE   53,389 0 0
ADA ES INC. COM 005208103 1,115 26,480 SH   SOLE   26,480 0 0
ALIGN TECHNOLOGY INC. COM 016255101 204 5,500 SH   SOLE   5,500 0 0
AMARIN CORP. PLC SPONS ADR NEW 023111206 483 83,350 SH   SOLE   83,350 0 0
AMERICAN CAPITAL AGENCY CORP. COM 02503X105 172 7,500 SH   SOLE   7,500 0 0
AMERICAN EXPRESS CO. COM 025816109 291 3,900 SH   SOLE   3,900 0 0
ANHEUSER BUSCH INBEV SA/NV SPONS ADR 03524A108 217 2,400 SH   SOLE   2,400 0 0
ANNALY CAP MGMT INC. COM 035710409 226 18,000 SH   SOLE   18,000 0 0
ANWORTH MORTGAGE ASSET CP. COM 037347101 252 45,000 SH   SOLE   45,000 0 0
APPLE INC. COM 037833100 2,495 6,300 SH   SOLE   6,300 0 0
ATHENAHEALTH INC. COM 04685W103 402 4,750 SH   SOLE   4,750 0 0
AUTOZONE INC. COM 53332102 254 600 SH   SOLE   600 0 0
BALLY TECHNOLOGIES INC. COM 05874B107 327 5,800 SH   SOLE   5,800 0 0
BARD C R INC. COM 067383109 391 3,600 SH   SOLE   3,600 0 0
BECTON DICKINSON & CO. COM 075887109 247 2,500 SH   SOLE   2,500 0 0
BERKSHIRE HATHAWAY CORP. INC DEL CL A 084670108 337 2 SH   SOLE   2 0 0
BOTTOMLINE TECH DEL INC. COM 101388106 707 27,950 SH   SOLE   27,950 0 0
BROADCOM CORP. CL A 111320107 1,047 31,000 SH   SOLE   31,000 0 0
CAMPBELL SOUP CO. COM 134429109 224 5,000 SH   SOLE   5,000 0 0
CAPITAL SR LIVING CORP. COM 140475104 650 27,200 SH   SOLE   27,200 0 0
CARDTRONICS INC. COM 14161H108 513 18,600 SH   SOLE   18,600 0 0
CAPSTEAD MTG CORP. COM NO PAR 14067E506 182 15,000 SH   SOLE   15,000 0 0
CARRIZO OIL & CO INC. COM 144577103 439 15,500 SH   SOLE   15,500 0 0
CECO ENVIRONMENTAL CORP. COM 125141101 301 24,478 SH   SOLE   24,478 0 0
CELLDEX THEREPEUTICS INC COM 15117B103 140 9,000 SH   SOLE   9,000 0 0
CEMPRA INC. COM 15130J109 535 68,344 SH   SOLE   68,344 0 0
CEVA INC. COM 157210105 2,620 135,342 SH   SOLE   135,342 0 0
CHART INDS INC. COM PAR $0.01 16115Q308 282 3,000 SH   SOLE   3,000 0 0
CHUBB CORP. COM 171232101 169 2,000 SH   SOLE   2,000 0 0
CIRRUS LOGIC INC. COM 172755100 755 43,500 SH   SOLE   43,500 0 0
CISCO SYS INC. COM 17275R102 890 36,600 SH   SOLE   36,600 0 0
COACH INC. COM 189754104 343 6,000 SH   SOLE   6,000 0 0
COCA COLA CO. COM 191216100 241 6,000 SH   SOLE   6,000 0 0
CORONADO BIOSCIENCES INC. COM 21976U109 430 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP. COM 22160K105 221 2,000 SH   SOLE   2,000 0 0
CTRIP COM INTL CORP. AMERICAN DEP SHS 22943F100 914 28,000 SH   SOLE   28,000 0 0
CUMMINS INC. COM 231021106 325 3,000 SH   SOLE   3,000 0 0
CURIS INC. COM 231269101 387 121,264 SH   SOLE   121,264 0 0
CYPRESS SEMICONDUCTOR CORP. COM 232806109 1,224 114,050 SH   SOLE   114,050 0 0
CYS INVTS INC. COM 12673A108 166 18,000 SH   SOLE   18,000 0 0
DERMA SCIENCES CORP. COM PAR $0.01 249827502 609 45,627 SH   SOLE   45,627 0 0
DEX MEDIA INC. COM B15CKN0 693 229,100 SH   SOLE   229,100 0 0
DEXCOM INC. COM 25213A107 337 15,000 SH   SOLE   15,000 0 0
DIAGEO PLC SPONS ADR NEW 25243Q205 230 2,000 SH   SOLE   2,000 0 0
DOVER CORP. COM 260003108 233 3,000 SH   SOLE   3,000 0 0
EBAY INC. COM 278642103 672 13,000 SH   SOLE   13,000 0 0
ELLIE MAE INC. COM 28849P100 2,831 122,650 SH   SOLE   122,650 0 0
EMERITUS CORP. COM 291005106 232 10,000 SH   SOLE   10,000 0 0
ENDOLOGIX INC. COM 29266S106 624 47,000 SH   SOLE   47,000 0 0
ENERGY RECOVERY INC. COM 29270J100 318 77,000 SH   SOLE   77,000 0 0
EXPEDIA INC. COM NEW 30212P303 1,504 25,000 SH   SOLE   25,000 0 0
EXXON MOBIL CORP. COM 30231G102 271 3,000 SH   SOLE   3,000 0 0
FACEBOOK INC. CL A 30303M102 1,293 52,000 SH   SOLE   52,000 0 0
FINISH LINE INC. CL A 317923100 210 9,600 SH   SOLE   9,600 0 0
GEEKNET INC. COM NEW 36846Q203 765 55,159 SH   SOLE   55,159 0 0
GOOGLE INC CL A 38259P508 1,585 1,800 SH   SOLE   1,800 0 0
HATTERAS FINL CORP. COM 41902R103 197 8,000 SH   SOLE   8,000 0 0
HOMETRUST BANCSHARES INC. COM 437872104 1,008 59,450 SH   SOLE   59,450 0 0
ICAD INC. COM NEW 44934S206 336 56,000 SH   SOLE   56,000 0 0
IMMERSION CORP. COM 452521107 1,589 119,897 SH   SOLE   119,897 0 0
INVENSENSE INC. COM 46123D205 1,480 96,200 SH   SOLE   96,200 0 0
IPASS INC. COM 46261V108 1,068 565,260 SH   SOLE   565,260 0 0
IXIA COM 45071R109 1,284 69,800 SH   SOLE   69,800 0 0
JIAYUAN COM INTL LTD SPONS ADR 477374102 906 174,516 SH   SOLE   174,516 0 0
KOHLS CORP. COM 500255104 303 6,000 SH   SOLE   6,000 0 0
LIBERTY INTERACTIVE CORP. LBT VENT COM A 53071M880 425 5,000 SH   SOLE   5,000 0 0
LOGMEIN INC. COM 54142L109 2,599 106,270 SH   SOLE   106,270 0 0
LORILLARD INC. COM 544147101 236 5,400 SH   SOLE   5,400 0 0
MADDEN STEVEN LTD. COM 556269108 223 4,600 SH   SOLE   4,600 0 0
MASTEC INC. COM 576323109 395 12,000 SH   SOLE   12,000 0 0
MASTERCARD INC. CL A 57636Q104 287 500 SH   SOLE   500 0 0
MCDONALDS CORP. COM 580135101 238 2,400 SH   SOLE   2,400 0 0
MEAD JOHNSON NUTRITION CO. COM 582839106 238 3,000 SH   SOLE   3,000 0 0
MFA FINANCIAL INC. COM 55272X102 254 30,000 SH   SOLE   30,000 0 0
MISTRAS GROUP INC. COM 60649T107 580 33,000 SH   SOLE   33,000 0 0
MULTIMEDIA GAMES HLDG CO. INC. COM 625453105 808 31,000 SH   SOLE   31,000 0 0
MYR GROUP INC. COM 55405W104 335 17,201 SH   SOLE   17,201 0 0
NATURAL GROCERS BY VITAMIN C COM 63888U108 279 9,000 SH   SOLE   9,000 0 0
NIKE INC. CL B 654106103 306 4,800 SH   SOLE   4,800 0 0
NOVABAY PHARMACEUTICALS INC. COM 66987P102 299 216,700 SH   SOLE   216,700 0 0
NEKTAR THERAPEUTICS COM 640268108 370 32,000 SH   SOLE   32,000 0 0
OASIS PETE INC. COM 674215108 661 17,000 SH   SOLE   17,000 0 0
PHILIP MORRIS INTL INC. COM 718172109 260 3,000 SH   SOLE   3,000 0 0
REEDS INC. COM 758338107 333 66,603 SH   SOLE   66,603 0 0
RED HAT INC. COM 756577102 1,454 30,400 SH   SOLE   30,400 0 0
SALESFORCE COM INC. COM 79466L302 764 20,000 SH   SOLE   20,000 0 0
SANDISK CORP. COM 80004C101 1,148 18,796 SH   SOLE   18,796 0 0
SANOFI SPONS ADR 80105N105 216 4,200 SH   SOLE   4,200 0 0
SHERWIN WILLIAMS CO. COM 824348106 212 1,200 SH   SOLE   1,200 0 0
SHUTTERFLY INC. COM 82568P304 1,855 33,249 SH   SOLE   33,249 0 0
SILICON IMAGE INC. COM 82705T102 1,902 325,119 SH   SOLE   325,119 0 0
SINA CORP. ORD G81477104 2,558 45,900 SH   SOLE   45,900 0 0
SOURCEFIRE INC. COM 83616T108 991 17,847 SH   SOLE   17,847 0 0
SOUTHWESTERN ENERGY CO. COM 845467109 274 7,500 SH   SOLE   7,500 0 0
SPS COM INC. COM 78463M107 448 8,148 SH   SOLE   8,148 0 0
STAAR SURGICAL CO. COM PAR $0.01 852312305 382 37,635 SH   SOLE   37,635 0 0
TEARLAB CORP. COM 878193101 518 48,800 SH   SOLE   48,800 0 0
TILLYS INC. CL A 886885102 453 28,300 SH   SOLE   28,300 0 0
TORO CO. COM 891092108 218 4,800 SH   SOLE   4,800 0 0
TRIANGLE PETE CORP. COM NEW 89600B201 1,116 159,276 SH   SOLE   159,276 0 0
TRIPADVISOR INC. COM 896945201 724 11,900 SH   SOLE   11,900 0 0
TRIUS THERAPEUTICS INC. COM 89685K100 457 56,300 SH   SOLE   56,300 0 0
UNILEVER PLC N Y SHS NEW 904784709 189 4,800 SH   SOLE   4,800 0 0
UNITED PARCEL SERVICE INC. CL B 911312106 208 2,400 SH   SOLE   2,400 0 0
VERISK ALALYTICS INC. CL A 92345Y106 179 3,000 SH   SOLE   3,000 0 0
VISA INC COM CL A 92826C839 329 1,800 SH   SOLE   1,800 0 0
WABCO HLDGS INC. COM 92927K102 224 3,000 SH   SOLE   3,000 0 0
WAL-MART STORES INC. COM 931142103 298 4,000 SH   SOLE   4,000 0 0
WPX ENERGY INC. COM 98212B103 227 12,000 SH   SOLE   12,000 0 0
XPO LOGISTICS INC. COM 983793100 633 35,000 SH   SOLE   35,000 0 0
YAHOO INC. COM 984332106 1,704 67,874 SH   SOLE   67,874 0 0
YELP INC. CL A 985817105 1,119 32,200 SH   SOLE   32,200 0 0
ZIPREALTY INC. COM 98974V107 945 301,886 SH   SOLE   301,886 0 0
ZYNGA INC. CL A 98986T108 862 310,200 SH   SOLE   310,200 0 0