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
ABBOTT LABS COM 002824100 268 5,794 SH   DFND 1 0 5,794 0
ADVENT SOFTWARE INC COM 007974108 874 19,811 SH   DFND 1 0 19,811 0
AMERCO COM 023586100 18,273 55,305 SH   DFND 1 0 55,305 0
AMGEN INC COM 031162100 217 1,355 SH   DFND 1 0 1,355 0
ANADARKO PETE CORP COM 032511107 439 5,304 SH   DFND 1 0 5,304 0
APPLE INC COM 037833100 20,602 165,567 SH   DFND 1 0 165,567 0
ATWOOD OCEANICS INC COM 050095108 504 17,918 SH   DFND 1 0 17,918 0
BANK AMER CORP COM 060505104 175 11,400 SH   DFND 1 0 11,400 0
BAXTER INTL INC COM 071813109 874 12,753 SH   DFND 1 0 12,753 0
BED BATH & BEYOND INC COM 075896100 1,254 16,331 SH   DFND 1 0 16,331 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 326 2,258 SH   DFND 1 0 2,258 0
BLOCK H & R INC COM 093671105 17,237 537,494 SH   DFND 1 0 537,494 0
BOEING CO COM 097023105 701 4,673 SH   DFND 1 0 4,673 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 18,735 647,366 SH   DFND 1 0 647,366 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 18,479 1,557,416 SH   DFND 1 0 1,557,416 0
BUCKLE INC COM 118440106 974 19,061 SH   DFND 1 0 19,061 0
CABELAS INC COM 126804301 690 12,318 SH   DFND 1 0 12,318 0
CARMAX INC COM 143130102 1,798 26,052 SH   DFND 1 0 26,052 0
CHEVRON CORP NEW COM 166764100 1,624 15,468 SH   DFND 1 0 15,468 0
CIRRUS LOGIC INC COM 172755100 21,040 632,598 SH   DFND 1 0 632,598 0
CITIGROUP INC COM NEW 172967424 1,095 21,253 SH   DFND 1 0 21,253 0
COACH INC COM 189754104 1,210 29,212 SH   DFND 1 0 29,212 0
CROWN MEDIA HLDGS INC CL A 228411104 727 181,728 SH   DFND 1 0 181,728 0
CUMMINS INC COM 231021106 1,186 8,555 SH   DFND 1 0 8,555 0
DECKERS OUTDOOR CORP COM 243537107 1,570 21,540 SH   DFND 1 0 21,540 0
DELUXE CORP COM 248019101 20,495 295,834 SH   DFND 1 0 295,834 0
DOLLAR TREE INC COM 256746108 1,354 16,681 SH   DFND 1 0 16,681 0
E M C CORP MASS COM 268648102 968 37,853 SH   DFND 1 0 37,853 0
EAGLE PT CR CO LLC COM 269808101 5,301 252,445 SH   DFND 1 0 252,445 0
EATON VANCE CORP COM NON VTG 278265103 910 21,861 SH   DFND 1 0 21,861 0
EMERSON ELEC CO COM 291011104 2,138 37,765 SH   DFND 1 0 37,765 0
F5 NETWORKS INC COM 315616102 1,760 15,310 SH   DFND 1 0 15,310 0
FLUOR CORP NEW COM 343412102 17,697 309,597 SH   DFND 1 0 309,597 0
GAP INC DEL COM 364760108 2,045 47,193 SH   DFND 1 0 47,193 0
GENERAL DYNAMICS CORP COM 369550108 952 7,014 SH   DFND 1 0 7,014 0
GILEAD SCIENCES INC COM 375558103 15,985 162,900 SH   DFND 1 0 162,900 0
GRAINGER W W INC COM 384802104 944 4,002 SH   DFND 1 0 4,002 0
HASBRO INC COM 418056107 1,046 16,542 SH   DFND 1 0 16,542 0
HEWLETT PACKARD CO COM 428236103 895 28,707 SH   DFND 1 0 28,707 0
HONEYWELL INTL INC COM 438516106 777 7,447 SH   DFND 1 0 7,447 0
INTEL CORP COM 458140100 785 25,112 SH   DFND 1 0 25,112 0
INTERNATIONAL BUSINESS MACHS COM 459200101 973 6,063 SH   DFND 1 0 6,063 0
JOHNSON & JOHNSON COM 478160104 1,359 13,509 SH   DFND 1 0 13,509 0
KORN FERRY INTL COM NEW 500643200 969 29,485 SH   DFND 1 0 29,485 0
LINCOLN NATL CORP IND COM 534187109 644 11,214 SH   DFND 1 0 11,214 0
LORILLARD INC COM 544147101 2,148 32,873 SH   DFND 1 0 32,873 0
MV OIL TR TR UNITS 553859109 662 43,204 SH   DFND 1 0 43,204 0
MADDEN STEVEN LTD COM 556269108 18,401 484,229 SH   DFND 1 0 484,229 0
MARATHON OIL CORP COM 565849106 366 14,000 SH   DFND 1 0 14,000 0
MARTIN MARIETTA MATLS INC COM 573284106 1,110 7,940 SH   DFND 1 0 7,940 0
MATTEL INC COM 577081102 607 26,549 SH   DFND 1 0 26,549 0
MESABI TR CTF BEN INT 590672101 2,763 207,302 SH   DFND 1 0 207,302 0
MICROSOFT CORP COM 594918104 19,390 476,943 SH   DFND 1 0 476,943 0
MONROE CAP CORP COM 610335101 210 14,259 SH   DFND 1 0 14,259 0
NATIONAL CINEMEDIA INC COM 635309107 173 11,488 SH   DFND 1 0 11,488 0
NEWMARKET CORP COM 651587107 1,844 3,860 SH   DFND 1 0 3,860 0
NORFOLK SOUTHERN CORP COM 655844108 822 7,991 SH   DFND 1 0 7,991 0
NORTHROP GRUMMAN CORP COM 666807102 20,133 125,083 SH   DFND 1 0 125,083 0
OLD DOMINION FGHT LINES INC COM 679580100 1,370 17,718 SH   DFND 1 0 17,718 0
OMNICOM GROUP INC COM 681919106 18,956 243,084 SH   DFND 1 0 243,084 0
OUTERWALL INC COM 690070107 576 8,714 SH   DFND 1 0 8,714 0
OWENS RLTY MTG INC COM 690828108 12,188 813,603 SH   DFND 1 0 813,603 0
PACIFIC COAST OIL TR UNIT BEN INT 694103102 589 153,776 SH   DFND 1 0 153,776 0
PARKER HANNIFIN CORP COM 701094104 1,197 10,078 SH   DFND 1 0 10,078 0
PHILIP MORRIS INTL INC COM 718172109 905 12,011 SH   DFND 1 0 12,011 0
PITNEY BOWES INC COM 724479100 941 40,351 SH   DFND 1 0 40,351 0
PRICESMART INC COM 741511109 936 11,016 SH   DFND 1 0 11,016 0
QUALCOMM INC COM 747525103 2,323 33,497 SH   DFND 1 0 33,497 0
RAYTHEON CO COM NEW 755111507 19,224 175,962 SH   DFND 1 0 175,962 0
RENTECH INC COM 760112102 851 759,660 SH   DFND 1 0 759,660 0
SCHLUMBERGER LTD COM 806857108 2,517 30,168 SH   DFND 1 0 30,168 0
SCIENCE APPLICATNS INTL CP N COM 808625107 18,270 355,793 SH   DFND 1 0 355,793 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 919 13,401 SH   DFND 1 0 13,401 0
STURM RUGER & CO INC COM 864159108 746 15,023 SH   DFND 1 0 15,023 0
TIVO INC COM 888706108 960 90,470 SH   DFND 1 0 90,470 0
U S G CORP COM NEW 903293405 1,054 39,481 SH   DFND 1 0 39,481 0
UNITED RENTALS INC COM 911363109 979 10,743 SH   DFND 1 0 10,743 0
WAL-MART STORES INC COM 931142103 638 7,752 SH   DFND 1 0 7,752 0
WESTERN DIGITAL CORP COM 958102105 882 9,686 SH   DFND 1 0 9,686 0
WESTERN UN CO COM 959802109 1,276 61,297 SH   DFND 1 0 61,297 0
WILLIAMS COS INC DEL COM 969457100 189 3,739 SH   DFND 1 0 3,739 0
XILINX INC COM 983919101 958 22,657 SH   DFND 1 0 22,657 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,741 13,567 SH   DFND 1 0 13,567 0
DYAX CORP COM 26746E103 168 10,000 SH   DFND 1 0 10,000 0
TARGET CORP COM 87612E106 276 3,359 SH   DFND 1 0 3,359 0
THE ADT CORPORATION COM 00101J106 1,753 42,231 SH   DFND 1 0 42,231 0
ABBVIE INC COM 00287Y109 295 5,047 SH   DFND 1 0 5,047 0
ACTIVISION BLIZZARD INC COM 00507V109 264 11,622 SH   DFND 1 0 11,622 0
APOLLO INVT CORP COM 03761U106 123 15,963 SH   DFND 1 0 15,963 0
APPROACH RESOURCES INC COM 03834A103 1,506 228,472 SH   DFND 1 0 228,472 0
BANC CALIF INC COM 05990K106 295 24,004 SH   DFND 1 0 24,004 0
CA INC COM 12673P105 18,383 563,738 SH   DFND 1 0 563,738 0
CALLON PETE CO DEL COM 13123X102 400 53,503 SH   DFND 1 0 53,503 0
CAPITAL ONE FINL CORP COM 14040H105 1,157 14,673 SH   DFND 1 0 14,673 0
CHEMED CORP NEW COM 16359R103 1,134 9,500 SH   DFND 1 0 9,500 0
CISCO SYS INC COM 17275R102 18,617 676,370 SH   DFND 1 0 676,370 0
CONOCOPHILLIPS COM 20825C104 743 11,928 SH   DFND 1 0 11,928 0
COSTCO WHSL CORP NEW COM 22160K105 217 1,435 SH   DFND 1 0 1,435 0
CROSSROADS SYS INC COM NEW 22765D209 1,423 560,279 SH   DFND 1 0 560,279 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 10,571 100,000 SH Call DFND 1 0 100,000 0
ENERGIZER HLDGS INC COM 29266R108 2,093 15,164 SH   DFND 1 0 15,164 0
EXXON MOBIL CORP COM 30231G102 210 2,469 SH   DFND 1 0 2,469 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 120 11,285 SH   DFND 1 0 11,285 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 676 31,562 SH   DFND 1 0 31,562 0
GAMESTOP CORP NEW CL A 36467W109 243 6,403 SH   DFND 1 0 6,403 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 843 36,899 SH   DFND 1 0 36,899 0
GROUPE CGI INC CL A SUB VTG 39945C109 17,862 420,782 SH   DFND 1 0 420,782 0
INTERDIGITAL INC COM 45867G101 1,065 20,998 SH   DFND 1 0 20,998 0
INVESTORS BANCORP INC NEW COM 46146L101 988 84,268 SH   DFND 1 0 84,268 0
JPMORGAN CHASE & CO COM 46625H100 1,327 21,899 SH   DFND 1 0 21,899 0
KINDER MORGAN INC DEL COM 49456B101 5,669 134,780 SH   DFND 1 0 134,780 0
KRAFT FOODS GROUP INC COM 50076Q106 23,715 272,229 SH   DFND 1 0 272,229 0
M & T BK CORP COM 55261F104 737 5,801 SH   DFND 1 0 5,801 0
MBIA INC COM 55262C100 868 93,297 SH   DFND 1 0 93,297 0
MANPOWERGROUP INC COM 56418H100 950 11,031 SH   DFND 1 0 11,031 0
MARATHON PETE CORP COM 56585A102 512 5,000 SH   DFND 1 0 5,000 0
MCKESSON CORP COM 58155Q103 342 1,512 SH   DFND 1 0 1,512 0
ORACLE CORP COM 68389X105 19,505 452,020 SH   DFND 1 0 452,020 0
ORBITAL ATK INC COM 68557N103 805 10,502 SH   DFND 1 0 10,502 0
RENT A CTR INC NEW COM 76009N100 932 33,978 SH   DFND 1 0 33,978 0
SANDISK CORP COM 80004C101 14,345 225,477 SH   DFND 1 0 225,477 0
STARZ COM SER A 85571Q102 15,423 448,226 SH   DFND 1 0 448,226 0
SYNTEL INC COM 87162H103 19,205 371,248 SH   DFND 1 0 371,248 0
TEMPUR SEALY INTL INC COM 88023U101 1,283 22,216 SH   DFND 1 0 22,216 0
TENET HEALTHCARE CORP COM NEW 88033G407 1,693 34,196 SH   DFND 1 0 34,196 0
TERADATA CORP DEL COM 88076W103 1,204 27,268 SH   DFND 1 0 27,268 0
TESSERA TECHNOLOGIES INC COM 88164L100 923 22,909 SH   DFND 1 0 22,909 0
UNUM GROUP COM 91529Y106 997 29,563 SH   DFND 1 0 29,563 0
VECTOR GROUP LTD COM 92240M108 1,141 51,922 SH   DFND 1 0 51,922 0
VIACOM INC NEW CL B 92553P201 17,387 254,574 SH   DFND 1 0 254,574 0
VISTEON CORP COM NEW 92839U206 882 20,592 SH   DFND 1 0 20,592 0
AIRCASTLE LTD COM G0129K104 945 42,080 SH   DFND 1 0 42,080 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 969 10,345 SH   DFND 1 0 10,345 0
EATON CORP PLC SHS G29183103 2,170 31,936 SH   DFND 1 0 31,936 0
INGERSOLL-RAND PLC SHS G47791101 1,931 28,368 SH   DFND 1 0 28,368 0
WEATHERFORD INTL PLC ORD SHS G48833100 1,833 149,030 SH   DFND 1 0 149,030 0
MICHAEL KORS HLDGS LTD SHS G60754101 938 14,263 SH   DFND 1 0 14,263 0
NABORS INDUSTRIES LTD SHS G6359F103 2,105 154,217 SH   DFND 1 0 154,217 0
PARTNERRE LTD COM G6852T105 616 5,387 SH   DFND 1 0 5,387 0
PARAGON OFFSHORE PLC SHS G6S01W108 22 17,286 SH   DFND 1 0 17,286 0
WHITE MTNS INS GROUP LTD COM G9618E107 1,338 1,955 SH   DFND 1 0 1,955 0
BHP BILLITON LTD SPONSORED ADR 088606108 2,250 48,417 SH   DFND 1 0 48,417 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 1,535 14,793 SH   DFND 1 0 14,793 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 681 12,700 SH   DFND 1 0 12,700 0
CANADIAN NATL RY CO COM 136375102 1,959 29,292 SH   DFND 1 0 29,292 0
CANADIAN NAT RES LTD COM 136385101 1,704 55,489 SH   DFND 1 0 55,489 0
RIO TINTO PLC SPONSORED ADR 767204100 2,337 56,441 SH   DFND 1 0 56,441 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 616 10,326 SH   DFND 1 0 10,326 0
SOUFUN HLDGS LTD ADR 836034108 1,003 167,140 SH   DFND 1 0 167,140 0
SUNCOR ENERGY INC NEW COM 867224107 2,370 81,026 SH   DFND 1 0 81,026 0
TECK RESOURCES LTD CL B 878742204 298 21,672 SH   DFND 1 0 21,672 0
UNILEVER N V N Y SHS NEW 904784709 1,489 35,647 SH   DFND 1 0 35,647 0
VALE S A ADR 91912E105 1,029 182,047 SH   DFND 1 0 182,047 0
CTC MEDIA INC COM 12642X106 133 33,552 SH   DFND 1 0 33,552 0
CANADIAN PAC RY LTD COM 13645T100 2,504 13,703 SH   DFND 1 0 13,703 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 556 8,545 SH   DFND 1 0 8,545 0
DIAGEO P L C SPON ADR NEW 25243Q205 1,713 15,492 SH   DFND 1 0 15,492 0
MANULIFE FINL CORP COM 56501R106 478 28,114 SH   DFND 1 0 28,114 0
METHANEX CORP COM 59151K108 658 12,284 SH   DFND 1 0 12,284 0
NOVARTIS A G SPONSORED ADR 66987V109 1,519 15,404 SH   DFND 1 0 15,404 0
POTASH CORP SASK INC COM 73755L107 2,338 72,489 SH   DFND 1 0 72,489 0
SHANDA GAMES LTD SP ADR REPTG A 81941U105 1,102 172,261 SH   DFND 1 0 172,261 0
TENARIS S A SPONSORED ADR 88031M109 1,874 66,922 SH   DFND 1 0 66,922 0
ALLEGION PUB LTD CO ORD SHS G0176J109 455 7,437 SH   DFND 1 0 7,437 0
ENSCO PLC SHS CLASS A G3157S106 1,254 59,523 SH   DFND 1 0 59,523 0
KING DIGITAL ENTMT PLC ORD SHS G5258J109 1,045 65,177 SH   DFND 1 0 65,177 0
NOBLE CORP PLC SHS USD G65431101 1,298 90,874 SH   DFND 1 0 90,874 0
ACE LTD SHS H0023R105 1,135 10,184 SH   DFND 1 0 10,184 0
UBS AG SHS NEW H89231338 1,295 69,336 SH   DFND 1 0 69,336 0
CORE LABORATORIES N V COM N22717107 335 3,209 SH   DFND 1 0 3,209 0
ISHARES SILVER TRUST ISHARES 46428Q109 2,230 140,000 SH Call DFND 1 0 140,000 0
WHITE MTNS INS GROUP LTD COM G9618E107 1,301 2,064 SH   DFND 1 0 2,064 0
WILLIAMS COS INC DEL COM 969457100 53 1,183 SH   DFND 1 0 1,183 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 1,644 33,400 SH Put OTR   0 33,400 0