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
3-D SYS CORP DEL COM NEW 88554D205 27,843 1,426,390 SH   SOLE 1,426,390 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 3,700 176,000 SH   SOLE 176,000 0 0
ALTRIA GROUP INC COM 02209S103 1,384 28,300 SH   SOLE 28,300 0 0
AMEC FOSTER WHEELER PLC SPONSORED ADR 00167X205 14,707 1,138,280 SH   SOLE 1,138,280 0 0
ANGIES LIST INC COM 034754101 3,781 613,800 SH   SOLE 613,800 0 0
ANIKA THERAPEUTICS INC COM 035255108 2,097 63,500 SH   SOLE 63,500 0 0
APOLLO ED GROUP INC CL A 037604105 1,301 100,972 SH   SOLE 100,972 0 0
APPLE INC COM 037833100 6,362 50,725 SH   SOLE 50,725 0 0
ARGAN INC COM 04010E109 3,404 84,400 SH   SOLE 84,400 0 0
ARRIS GROUP INC NEW COM 04270V106 2,601 85,000 SH   SOLE 85,000 0 0
ASB BANCORP INC N C COM 00213T109 624 28,825 SH   SOLE 28,825 0 0
AT&T INC COM 00206R102 11,011 310,000 SH   SOLE 310,000 0 0
AVON PRODS INC COM 054303102 4,382 700,000 SH   SOLE 700,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 18,469 440,045 SH   SOLE 440,045 0 0
BED BATH & BEYOND INC COM 075896100 2,566 37,200 SH   SOLE 37,200 0 0
BENEFICIAL BANCORP INC COM 08171T102 872 69,799 SH   SOLE 69,799 0 0
BLOCK H & R INC COM 093671105 2,304 77,700 SH   SOLE 77,700 0 0
BLUCORA INC COM 095229100 2,713 168,000 SH   SOLE 168,000 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 2,514 99,600 SH   SOLE 99,600 0 0
BRINKS CO COM 109696104 11,832 402,025 SH   SOLE 402,025 0 0
BUCKLE INC COM 118440106 2,765 60,400 SH   SOLE 60,400 0 0
CA INC COM 12673P105 2,532 86,450 SH   SOLE 86,450 0 0
CAPELLA EDUCATION COMPANY COM 139594105 2,684 50,000 SH   SOLE 50,000 0 0
CBIZ INC COM 124805102 2,940 305,000 SH   SOLE 305,000 0 0
CENTURYLINK INC COM 156700106 4,181 142,300 SH   SOLE 142,300 0 0
CHEVIOT FINL CORP NEW COM 16677X105 934 63,200 SH   SOLE 63,200 0 0
CISCO SYS INC COM 17275R102 2,677 97,500 SH   SOLE 97,500 0 0
CLIFTON BANCORP INC COM 186873105 569 40,671 SH   SOLE 40,671 0 0
COMMSCOPE HLDG CO INC COM 20337X109 3,356 110,000 SH   SOLE 110,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 221 10,276 SH   SOLE 10,276 0 0
CYNOSURE INC CL A 232577205 3,009 78,000 SH   SOLE 78,000 0 0
DELUXE CORP COM 248019101 2,542 41,000 SH   SOLE 41,000 0 0
DONNELLEY R R & SONS CO COM 257867101 953 54,650 SH   SOLE 54,650 0 0
DOVER CORP COM 260003108 2,246 32,000 SH   SOLE 32,000 0 0
DOVER MOTORSPORTS INC COM 260174107 1,172 530,212 SH   SOLE 530,212 0 0
DXP ENTERPRISES INC NEW COM NEW 233377407 2,697 58,000 SH   SOLE 58,000 0 0
EBIX INC COM NEW 278715206 4,174 128,000 SH   SOLE 128,000 0 0
EMCOR GROUP INC COM 29084Q100 2,962 62,000 SH   SOLE 62,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,237 36,400 SH   SOLE 36,400 0 0
EXXON MOBIL CORP COM 30231G102 2,958 35,549 SH   SOLE 35,549 0 0
FLUOR CORP NEW COM 343412102 2,810 53,000 SH   SOLE 53,000 0 0
FOSSIL GROUP INC COM 34988V106 2,220 32,000 SH   SOLE 32,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 1,279 75,620 SH   SOLE 75,620 0 0
FRANKLIN RES INC COM 354613101 7,036 143,500 SH   SOLE 143,500 0 0
GAMESTOP CORP NEW CL A 36467W109 2,741 63,800 SH   SOLE 63,800 0 0
GAP INC DEL COM 364760108 2,615 68,500 SH   SOLE 68,500 0 0
GILEAD SCIENCES INC COM 375558103 3,161 27,000 SH   SOLE 27,000 0 0
GOOGLE INC CL A 38259P508 432 800 SH   SOLE 800 0 0
GOOGLE INC CL C 38259P706 4,175 8,021 SH   SOLE 8,021 0 0
HASBRO INC COM 418056107 770 10,300 SH   SOLE 10,300 0 0
HEWLETT PACKARD CO COM 428236103 2,386 79,500 SH   SOLE 79,500 0 0
HIGHER ONE HLDGS INC COM 42983D104 691 231,062 SH   SOLE 231,062 0 0
HILLENBRAND INC COM 431571108 2,824 92,000 SH   SOLE 92,000 0 0
ICONIX BRAND GROUP INC COM 451055107 5,668 227,000 SH   SOLE 227,000 0 0
INTEL CORP COM 458140100 889 29,237 SH   SOLE 29,237 0 0
INTELIQUENT INC COM 45825N107 3,969 215,698 SH   SOLE 215,698 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 11,143 68,502 SH   SOLE 68,502 0 0
JOHNSON & JOHNSON COM 478160104 898 9,216 SH   SOLE 9,216 0 0
JPMORGAN CHASE & CO COM 46625H100 9,320 137,550 SH   SOLE 137,550 0 0
KEARNY FINL CORP MD COM 48716P108 851 76,261 SH   SOLE 76,261 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 19,095 750,000 SH   SOLE 750,000 0 0
LAPORTE BANCORP INC MD COM 516651106 221 16,334 SH   SOLE 16,334 0 0
LIQUIDITY SERVICES INC COM 53635B107 2,597 269,700 SH   SOLE 269,700 0 0
MADDEN STEVEN LTD COM 556269108 3,636 85,000 SH   SOLE 85,000 0 0
MALVERN BANCORP INC COM 561409103 414 27,877 SH   SOLE 27,877 0 0
MANPOWERGROUP INC COM 56418H100 3,575 40,000 SH   SOLE 40,000 0 0
MANTECH INTL CORP CL A 564563104 2,655 91,567 SH   SOLE 91,567 0 0
MEDTRONIC PLC SHS G5960L103 33,829 456,526 SH   SOLE 456,526 0 0
MICROSOFT CORP COM 594918104 12,222 276,830 SH   SOLE 276,830 0 0
NASDAQ OMX GROUP INC COM 631103108 3,026 62,000 SH   SOLE 62,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 2,462 51,000 SH   SOLE 51,000 0 0
NAUGATUCK VY FINL CORP MD COM 63906P107 221 20,800 SH   SOLE 20,800 0 0
NAVIGANT CONSULTING INC COM 63935N107 2,974 200,000 SH   SOLE 200,000 0 0
NEUSTAR INC CL A 64126X201 2,892 99,000 SH   SOLE 99,000 0 0
NEWS CORP NEW CL A 65249B109 39,904 2,735,000 SH   SOLE 2,735,000 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,615 110,000 SH   SOLE 110,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 3,173 20,000 SH   SOLE 20,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 2,814 59,700 SH   SOLE 59,700 0 0
ORACLE CORP COM 68389X105 5,968 148,100 SH   SOLE 148,100 0 0
OUTERWALL INC COM 690070107 3,136 41,200 SH   SOLE 41,200 0 0
OWENS ILL INC COM NEW 690768403 20,073 875,000 SH   SOLE 875,000 0 0
PETMED EXPRESS INC COM 716382106 2,884 167,000 SH   SOLE 167,000 0 0
PFIZER INC COM 717081103 24,509 730,946 SH   SOLE 730,946 0 0
POLONIA BACORP INC MD COM 73158Q109 246 19,486 SH   SOLE 19,486 0 0
PROCTER & GAMBLE CO COM 742718109 436 5,570 SH   SOLE 5,570 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 1,015 70,000 SH   SOLE 70,000 0 0
QUALCOMM INC COM 747525103 18,914 302,000 SH   SOLE 302,000 0 0
REGAL ENTMT GROUP CL A 758766109 428 20,450 SH   SOLE 20,450 0 0
REX AMERICAN RESOURCES CORP COM 761624105 2,355 37,000 SH   SOLE 37,000 0 0
RPX CORP COM 74972G103 2,958 175,000 SH   SOLE 175,000 0 0
SANDERSON FARMS INC COM 800013104 2,781 37,000 SH   SOLE 37,000 0 0
SANDISK CORP COM 80004C101 2,550 43,800 SH   SOLE 43,800 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,138 45,000 SH   SOLE 45,000 0 0
SI FINL GROUP INC MD COM 78425V104 569 48,875 SH   SOLE 48,875 0 0
STARZ COM SER A 85571Q102 3,801 85,000 SH   SOLE 85,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,997 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 2,651 61,500 SH   SOLE 61,500 0 0
SUNSHINE BANCORP INC COM 86777J108 204 13,750 SH   SOLE 13,750 0 0
SUSSEX BANCORP COM 869245100 356 29,534 SH   SOLE 29,534 0 0
SYMANTEC CORP COM 871503108 2,685 115,500 SH   SOLE 115,500 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 2,849 75,000 SH   SOLE 75,000 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,660 163,280 SH   SOLE 163,280 0 0
TRC COS INC COM 872625108 56,518 5,568,257 SH   SOLE 5,568,257 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 24,973 535,783 SH   SOLE 535,783 0 0
VIACOM INC NEW CL B 92553P201 20,232 313,000 SH   SOLE 313,000 0 0
VIRGIN AMER INC COM VTG 92765X208 2,583 94,000 SH   SOLE 94,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 18,104 1,550,000 SH   SOLE 1,550,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 532 14,591 SH   SOLE 14,591 0 0
WABASH NATL CORP COM 929566107 2,596 207,000 SH   SOLE 207,000 0 0
WASTE MGMT INC DEL COM 94106L109 411 8,875 SH   SOLE 8,875 0 0
WATERSTONE FINL INC MD COM 94188P101 926 70,120 SH   SOLE 70,120 0 0
WESTBURY BANCORP INC COM 95727P106 427 24,643 SH   SOLE 24,643 0 0
WESTERN DIGITAL CORP COM 958102105 2,172 27,700 SH   SOLE 27,700 0 0
WESTERN UN CO COM 959802109 3,151 155,000 SH   SOLE 155,000 0 0