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 66,142 1,426,390 SH   SOLE 1,426,390 0 0
ALLIANCE BANCORP INC PA NEW COM 01890A108 287 17,952 SH   SOLE 17,952 0 0
ALTRIA GROUP INC COM 02209S103 1,300 28,300 SH   SOLE 28,300 0 0
ANGIES LIST INC COM 034754101 2,293 360,000 SH   SOLE 360,000 0 0
ANIKA THERAPEUTICS INC COM 035255108 2,126 58,000 SH   SOLE 58,000 0 0
AOL INC COM 00184X105 2,833 63,016 SH   SOLE 63,016 0 0
APOLLO ED GROUP INC CL A 037604105 1,886 74,972 SH   SOLE 74,972 0 0
APPLE INC COM 037833100 5,765 57,225 SH   SOLE 57,225 0 0
ARGAN INC COM 04010E109 2,317 69,400 SH   SOLE 69,400 0 0
ASB BANCORP INC N C COM 00213T109 272 13,489 SH   SOLE 13,489 0 0
AT&T INC COM 00206R102 14,096 400,000 SH   SOLE 400,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 34,038 878,855 SH   SOLE 878,855 0 0
BED BATH & BEYOND INC COM 075896100 7,834 119,000 SH   SOLE 119,000 0 0
BLOCK H & R INC COM 093671105 2,202 71,000 SH   SOLE 71,000 0 0
BLUCORA INC COM 095229100 1,829 120,000 SH   SOLE 120,000 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 2,703 115,500 SH   SOLE 115,500 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 2,565 236,000 SH   SOLE 236,000 0 0
BUCKLE INC COM 118440106 2,270 50,000 SH   SOLE 50,000 0 0
CA INC COM 12673P105 2,485 88,950 SH   SOLE 88,950 0 0
CACI INTL INC CL A 127190304 2,117 29,700 SH   SOLE 29,700 0 0
CENTURYLINK INC COM 156700106 6,023 147,300 SH   SOLE 147,300 0 0
CHEVIOT FINL CORP NEW COM 16677X105 805 63,200 SH   SOLE 63,200 0 0
CIRRUS LOGIC INC COM 172755100 2,298 110,208 SH   SOLE 110,208 0 0
CISCO SYS INC COM 17275R102 2,240 89,000 SH   SOLE 89,000 0 0
CLIFTON BANCORP INC COM 186873105 298 23,671 SH   SOLE 23,671 0 0
COACH INC COM 189754104 1,674 47,000 SH   SOLE 47,000 0 0
COLONIAL FINL SVCS INC COM 19566B101 254 19,131 SH   SOLE 19,131 0 0
COMPUTER SCIENCES CORP COM 205363104 2,691 44,000 SH   SOLE 44,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 2,840 149,107 SH   SOLE 149,107 0 0
CONVERSANT INC COM 21249J105 3,254 95,000 SH   SOLE 95,000 0 0
COVIDIEN PLC SHS G2554F113 6,935 80,160 SH   SOLE 80,160 0 0
CYNOSURE INC CL A 232577205 2,268 108,000 SH   SOLE 108,000 0 0
DELUXE CORP COM 248019101 2,317 42,000 SH   SOLE 42,000 0 0
DICE HLDGS INC COM 253017107 2,405 287,000 SH   SOLE 287,000 0 0
DONNELLEY R R & SONS CO COM 257867101 905 55,000 SH   SOLE 55,000 0 0
DOVER MOTORSPORTS INC COM 260174107 1,155 500,000 SH   SOLE 500,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 23,366 325,616 SH   SOLE 325,616 0 0
ENGILITY HLDGS INC COM 29285W104 2,120 68,000 SH   SOLE 68,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,136 44,400 SH   SOLE 44,400 0 0
EXXON MOBIL CORP COM 30231G102 3,682 39,150 SH   SOLE 39,150 0 0
FOSTER WHEELER AG COM H27178104 31,879 1,008,200 SH   SOLE 1,008,200 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 995 61,015 SH   SOLE 61,015 0 0
FRANKLIN FINL CORP VA COM 35353C102 2,133 114,629 SH   SOLE 114,629 0 0
GAMESTOP CORP NEW CL A 36467W109 2,414 58,600 SH   SOLE 58,600 0 0
GANNETT INC COM 364730101 2,344 79,000 SH   SOLE 79,000 0 0
GAP INC DEL COM 364760108 2,710 65,000 SH   SOLE 65,000 0 0
GLOBAL CASH ACCESS HLDGS INC COM 378967103 1,762 261,000 SH   SOLE 261,000 0 0
GOOGLE INC CL A 38259P508 471 800 SH   SOLE 800 0 0
GOOGLE INC CL C 38259P706 462 800 SH   SOLE 800 0 0
GRAHAM HLDGS CO COM 384637104 2,239 3,200 SH   SOLE 3,200 0 0
HAMPDEN BANCORP INC COM 40867E107 231 13,433 SH   SOLE 13,433 0 0
HASBRO INC COM 418056107 586 10,650 SH   SOLE 10,650 0 0
HEWLETT PACKARD CO COM 428236103 2,625 74,000 SH   SOLE 74,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 1,318 20,000 SH   SOLE 20,000 0 0
ICONIX BRAND GROUP INC COM 451055107 2,918 79,000 SH   SOLE 79,000 0 0
INTEL CORP COM 458140100 1,053 30,237 SH   SOLE 30,237 0 0
INTELIQUENT INC COM 45825N107 2,474 198,698 SH   SOLE 198,698 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 855 4,502 SH   SOLE 4,502 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 2,514 149,000 SH   SOLE 149,000 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 2,038 107,000 SH   SOLE 107,000 0 0
JOHNSON & JOHNSON COM 478160104 982 9,216 SH   SOLE 9,216 0 0
JPMORGAN CHASE & CO COM 46625H100 5,651 93,800 SH   SOLE 93,800 0 0
KBR INC COM 48242W106 9,415 500,000 SH   SOLE 500,000 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 2,818 23,700 SH   SOLE 23,700 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 9,666 95,000 SH   SOLE 95,000 0 0
LAPORTE BANCORP INC MD COM 516651106 149 13,334 SH   SOLE 13,334 0 0
LIQUIDITY SERVICES INC COM 53635B107 1,856 135,000 SH   SOLE 135,000 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 3,639 40,365 SH   SOLE 40,365 0 0
MANTECH INTL CORP CL A 564563104 1,888 70,067 SH   SOLE 70,067 0 0
MEDTRONIC INC COM 585055106 23,541 380,000 SH   SOLE 380,000 0 0
MICROSOFT CORP COM 594918104 25,831 557,178 SH   SOLE 557,178 0 0
MYRIAD GENETICS INC COM 62855J104 3,664 95,000 SH   SOLE 95,000 0 0
NASDAQ OMX GROUP INC COM 631103108 22,440 529,000 SH   SOLE 529,000 0 0
NAUGATUCK VY FINL CORP MD COM 63906P107 100 12,800 SH   SOLE 12,800 0 0
NEUSTAR INC CL A 64126X201 1,937 78,000 SH   SOLE 78,000 0 0
NEWS CORP NEW CL A 65249B109 16,350 1,000,000 SH   SOLE 1,000,000 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 348 25,534 SH   SOLE 25,534 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 2,477 55,000 SH   SOLE 55,000 0 0
ORACLE CORP COM 68389X105 5,267 137,600 SH   SOLE 137,600 0 0
OUTERWALL INC COM 690070107 1,683 30,000 SH   SOLE 30,000 0 0
PACIFIC ETHANOL INC COM PAR $.001 69423U305 1,396 100,000 SH   SOLE 100,000 0 0
PERFORMANT FINL CORP COM 71377E105 2,004 248,000 SH   SOLE 248,000 0 0
PETMED EXPRESS INC COM 716382106 2,067 152,000 SH   SOLE 152,000 0 0
PETSMART INC COM 716768106 2,243 32,000 SH   SOLE 32,000 0 0
PFIZER INC COM 717081103 16,961 573,579 SH   SOLE 573,579 0 0
POLONIA BACORP INC MD COM 73158Q109 149 14,486 SH   SOLE 14,486 0 0
PROCTER & GAMBLE CO COM 742718109 466 5,570 SH   SOLE 5,570 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 660 54,000 SH   SOLE 54,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 2,458 40,500 SH   SOLE 40,500 0 0
REGAL ENTMT GROUP CL A 758766109 407 20,450 SH   SOLE 20,450 0 0
SANDISK CORP COM 80004C101 3,330 34,000 SH   SOLE 34,000 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,291 40,000 SH   SOLE 40,000 0 0
SI FINL GROUP INC MD COM 78425V104 547 48,875 SH   SOLE 48,875 0 0
SMITH & WESSON HLDG CORP COM 831756101 1,567 166,000 SH   SOLE 166,000 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 12,539 735,000 SH   SOLE 735,000 0 0
STAPLES INC COM 855030102 1,936 160,000 SH   SOLE 160,000 0 0
STARZ COM SER A 85571Q102 2,646 80,000 SH   SOLE 80,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,601 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 2,455 41,000 SH   SOLE 41,000 0 0
STURM RUGER & CO INC COM 864159108 1,875 38,500 SH   SOLE 38,500 0 0
SUNSHINE BANCORP INC COM 86777J108 163 13,750 SH   SOLE 13,750 0 0
SYMANTEC CORP COM 871503108 2,504 106,500 SH   SOLE 106,500 0 0
TARGET CORP COM 87612E106 18,961 302,500 SH   SOLE 302,500 0 0
TERADATA CORP DEL COM 88076W103 2,725 65,000 SH   SOLE 65,000 0 0
TF FINL CORP COM 872391107 444 10,680 SH   SOLE 10,680 0 0
THE ADT CORPORATION COM 00101J106 14,354 404,800 SH   SOLE 404,800 0 0
TIME WARNER INC COM NEW 887317303 2,031 27,000 SH   SOLE 27,000 0 0
TRC COS INC COM 872625108 36,361 5,568,257 SH   SOLE 5,568,257 0 0
USANA HEALTH SCIENCES INC COM 90328M107 2,288 31,059 SH   SOLE 31,059 0 0
VECTOR GROUP LTD COM 92240M108 3,327 150,000 SH   SOLE 150,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 33,126 662,650 SH   SOLE 662,650 0 0
VIACOM INC NEW CL B 92553P201 4,616 60,000 SH   SOLE 60,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 6,431 450,000 SH   SOLE 450,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 493 15,000 SH   SOLE 15,000 0 0
WASTE MGMT INC DEL COM 94106L109 437 9,200 SH   SOLE 9,200 0 0
WATERSTONE FINL INC MD COM 94188P101 395 34,189 SH   SOLE 34,189 0 0
WESTBURY BANCORP INC COM 95727P106 451 29,995 SH   SOLE 29,995 0 0
WESTERN DIGITAL CORP COM 958102105 3,212 33,000 SH   SOLE 33,000 0 0
WESTERN UN CO COM 959802109 2,278 142,000 SH   SOLE 142,000 0 0