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 276 91,389 SH   SOLE   91,389 0 0
ADVANCED EMISSIONS SOLUTS INC COM 00770C101 813 19,042 SH   SOLE   19,042 0 0
ALIGN TECHNOLOGY INC. COM 016255101 265 5,500 SH   SOLE   5,500 0 0
AMARIN CORP. PLC SPONS ADR 023111206 729 115,350 SH   SOLE   115,350 0 0
AMERICAN EXPRESS CO. COM 025816109 294 3,900 SH   SOLE   3,900 0 0
ANHEUSER BUSCH INBEV SA/NV SPONS ADR 03524A108 238 2,400 SH   SOLE   2,400 0 0
APPLE INC. COM 037833100 3,004 6,300 SH   SOLE   6,300 0 0
ATHENAHEALTH INC. COM 04685W103 434 4,000 SH   SOLE   4,000 0 0
AUTOZONE INC. COM 053332102 254 600 SH   SOLE   600 0 0
BARD C R INC. COM 067383109 415 3,600 SH   SOLE   3,600 0 0
BECTON DICKINSON & CO. COM 075887109 250 2,500 SH   SOLE   2,500 0 0
BERKSHIRE HATHAWAY CORP. INC DEL CL A 084670108 341 2 SH   SOLE   2 0 0
BOTTOMLINE TECH DEL INC. COM 101388106 779 27,950 SH   SOLE   27,950 0 0
BROADCOM CORP. CL A 111320107 1,092 42,000 SH   SOLE   42,000 0 0
CAMPBELL SOUP CO. COM 134429109 204 5,000 SH   SOLE   5,000 0 0
CAPITAL SR LIVING CORP. COM 140475104 804 38,000 SH   SOLE   38,000 0 0
CARDTRONICS INC. COM 14161H108 456 12,300 SH   SOLE   12,300 0 0
CARRIZO OIL & CO INC. COM 144577103 578 15,500 SH   SOLE   15,500 0 0
CECO ENVIRONMENTAL CORP. COM 125141101 345 24,478 SH   SOLE   24,478 0 0
CELLDEX THEREPEUTICS INC COM 15117B103 283 8,000 SH   SOLE   8,000 0 0
CEMPRA INC. COM 15130J109 786 68,344 SH   SOLE   68,344 0 0
CEVA INC. COM 157210105 2,519 146,042 SH   SOLE   146,042 0 0
CHART INDS INC. COM PAR $0.01 16115Q308 369 3,000 SH   SOLE   3,000 0 0
CHUBB CORP. COM 171232101 179 2,000 SH   SOLE   2,000 0 0
CIRRUS LOGIC INC. COM 172755100 987 43,500 SH   SOLE   43,500 0 0
CISCO SYS INC. COM 17275R102 1,059 45,200 SH   SOLE   45,200 0 0
COACH INC. COM 189754104 409 7,500 SH   SOLE   7,500 0 0
COCA COLA CO. COM 191216100 284 7,500 SH   SOLE   7,500 0 0
CORONADO BIOSCIENCES INC. COM 21976U109 536 76,400 SH   SOLE   76,400 0 0
COSTCO WHSL CORP. COM 22160K105 230 2,000 SH   SOLE   2,000 0 0
CTRIP COM INTL CORP. AMERICAN DEP SHS 22943F100 1,169 20,000 SH   SOLE   20,000 0 0
CUMMINS INC. COM 231021106 399 3,000 SH   SOLE   3,000 0 0
CURIS INC. COM 231269101 541 121,264 SH   SOLE   121,264 0 0
DERMA SCIENCES CORP. COM PAR $0.01 249827502 545 44,027 SH   SOLE   44,027 0 0
DEX MEDIA INC. COM 25213A107 772 229,100 SH   SOLE   229,100 0 0
DEXCOM INC. COM 252131107 423 15,000 SH   SOLE   15,000 0 0
DIAGEO PLC SPONS ADR 25243Q205 254 2,000 SH   SOLE   2,000 0 0
DOVER CORP. COM 260003108 269 3,000 SH   SOLE   3,000 0 0
EBAY INC. COM 278642103 837 15,000 SH   SOLE   15,000 0 0
ELLIE MAE INC. COM 28849P100 3,926 122,650 SH   SOLE   122,650 0 0
ENDOLOGIX INC. COM 29266S106 621 38,500 SH   SOLE   38,500 0 0
ENERGY RECOVERY INC. COM 29270J100 391 54,000 SH   SOLE   54,000 0 0
EXPEDIA INC. COM 30212P303 1,295 25,000 SH   SOLE   25,000 0 0
EXXON MOBIL CORP. COM 30231G102 258 3,000 SH   SOLE   3,000 0 0
FACEBOOK INC. CL A 30303M102 2,612 52,000 SH   SOLE   52,000 0 0
FIFTH & PAC COS INC COM 316645100 553 22,000 SH   SOLE   22,000 0 0
GOOGLE INC CL A 38259P508 1,752 2,000 SH   SOLE   2,000 0 0
HOMETRUST BANCSHARES INC. COM 437872104 981 59,450 SH   SOLE   59,450 0 0
ICAD INC. COM 44934S206 358 68,000 SH   SOLE   68,000 0 0
IMMERSION CORP. COM 452521107 1,750 132,697 SH   SOLE   132,697 0 0
INTERNATIONAL BUSINESS MACHS CO COM 459200101 278 1,500 SH   SOLE   1,500 0 0
INVENSENSE INC. COM 46123D205 1,695 96,200 SH   SOLE   96,200 0 0
IPASS INC. COM 46261V108 1,490 744,932 SH   SOLE   744,932 0 0
IXIA COM 45071R109 1,002 63,950 SH   SOLE   63,950 0 0
JIAYUAN COM INTL LTD SPONS ADR 477374102 1,502 221,152 SH   SOLE   221,152 0 0
KOHLS CORP. COM 500255104 310 6,000 SH   SOLE   6,000 0 0
LIBERTY INTERACTIVE CORP. INT COM SER A 53071M880 547 6,200 SH   SOLE   6,200 0 0
LOGMEIN INC. COM 54142L109 3,523 113,470 SH   SOLE   113,470 0 0
LORILLARD INC. COM 544147101 242 5,400 SH   SOLE   5,400 0 0
MADDEN STEVEN LTD. COM 556269108 248 4,600 SH   SOLE   4,600 0 0
MASTEC INC. COM 576323109 530 17,500 SH   SOLE   17,500 0 0
MASTERCARD INC. CL A 57636Q104 336 500 SH   SOLE   500 0 0
MCDONALDS CORP. COM 580135101 289 3,000 SH   SOLE   3,000 0 0
MEAD JOHNSON NUTRITION CO. COM 582839106 223 3,000 SH   SOLE   3,000 0 0
MISTRAS GROUP INC. COM 60649T107 561 33,000 SH   SOLE   33,000 0 0
MULTIMEDIA GAMES HLDG CO. INC. COM 625453105 1,078 31,200 SH   SOLE   31,200 0 0
MYR GROUP INC. COM 55405W104 418 17,201 SH   SOLE   17,201 0 0
NATURAL GROCERS BY VITAMIN C COM 63888U108 230 5,800 SH   SOLE   5,800 0 0
NIKE INC. CL B 654106103 349 4,800 SH   SOLE   4,800 0 0
NOVABAY PHARMACEUTICALS INC. COM 66987P102 371 216,700 SH   SOLE   216,700 0 0
NEKTAR THERAPEUTICS COM 640268108 334 32,000 SH   SOLE   32,000 0 0
OASIS PETE INC. COM 674215108 1,007 20,500 SH   SOLE   20,500 0 0
PENN VA CORP COM 707882106 831 125,000 SH   SOLE   125,000 0 0
PHILIP MORRIS INTL INC. COM 718172109 260 3,000 SH   SOLE   3,000 0 0
RALLY SOFTWARE DEV CORP COM 751198102 1,837 61,300 SH   SOLE   61,300 0 0
REEDS INC. COM 758338107 360 66,603 SH   SOLE   66,603 0 0
RED HAT INC. COM 756577102 1,107 24,000 SH   SOLE   24,000 0 0
SALESFORCE COM INC. COM 79466L302 1,038 20,000 SH   SOLE   20,000 0 0
SANDISK CORP. COM 80004C101 934 15,696 SH   SOLE   15,696 0 0
SANOFI SPONS ADR 80105N105 213 4,200 SH   SOLE   4,200 0 0
SHERWIN WILLIAMS CO. COM 824348106 219 1,200 SH   SOLE   1,200 0 0
SHUTTERFLY INC. COM 82568P304 1,551 27,749 SH   SOLE   27,749 0 0
SILICON IMAGE INC. COM 82705T102 1,766 330,619 SH   SOLE   330,619 0 0
SINA CORP. ORD G81477104 1,778 21,900 SH   SOLE   21,900 0 0
SOURCEFIRE INC. COM 83616T108 1,355 17,847 SH   SOLE   17,847 0 0
SOUTHWESTERN ENERGY CO. COM 845467109 273 7,500 SH   SOLE   7,500 0 0
SPS COM INC. COM 78463M107 391 5,848 SH   SOLE   5,848 0 0
STAAR SURGICAL CO. COM 852312305 510 37,635 SH   SOLE   37,635 0 0
TEARLAB CORP. COM 878193101 405 36,600 SH   SOLE   36,600 0 0
TETRAPHASE PHARMACEUTICALS INC COM 88165N105 546 48,000 SH   SOLE   48,000 0 0
TILLYS INC. CL A 886885102 614 42,300 SH   SOLE   42,300 0 0
TORO CO. COM 891092108 261 4,800 SH   SOLE   4,800 0 0
TRIANGLE PETE CORP. COM 89600B201 782 79,638 SH   SOLE   79,638 0 0
TRIPADVISOR INC. COM 896945201 902 11,900 SH   SOLE   11,900 0 0
UNILEVER PLC SPONS ADR 904784709 181 4,800 SH   SOLE   4,800 0 0
UNITED PARCEL SERVICE INC. CL B 911312106 219 2,400 SH   SOLE   2,400 0 0
VERISK ALALYTICS INC. CL A 92345Y106 195 3,000 SH   SOLE   3,000 0 0
VISA INC COM CL A 92826C839 344 1,800 SH   SOLE   1,800 0 0
WABCO HLDGS INC. COM 92927K102 253 3,000 SH   SOLE   3,000 0 0
WAL-MART STORES INC. COM 931142103 296 4,000 SH   SOLE   4,000 0 0
WPX ENERGY INC. COM 98212B103 173 9,000 SH   SOLE   9,000 0 0
XPO LOGISTICS INC. COM 983793100 797 36,800 SH   SOLE   36,800 0 0
YAHOO INC. COM 984332106 2,118 63,874 SH   SOLE   67,874 0 0
YELP INC. CL A 985817105 1,277 19,300 SH   SOLE   19,300 0 0
ZIPREALTY INC. COM 98974V107 1,651 301,886 SH   SOLE   301,886 0 0