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
MARKET VECTORS BRAZIL SMALL CAP ETF BRAZL SMCP ETF 57060U613 893 86,069 SH   SOLE   86,069 0 0
AIR LEASE CORP CLASS A CL A 00912X302 805 24,056 SH   SOLE   24,056 0 0
AMC NETWORKS INC CL CLASS A CL A 00164V103 6,977 93,422 SH   SOLE   93,422 0 0
HFF INC CLASS A CL A 40418F108 4,560 146,758 SH   SOLE   146,758 0 0
NCI INC CLASS A CL A 62886K104 238 17,445 SH   SOLE   17,445 0 0
SERITAGE GROWTH PROP CLASS A CL A 81752R100 539 13,410 SH   SOLE   13,410 0 0
VANTIV INC CLASS A CL A 92210H105 748 15,779 SH   SOLE   15,779 0 0
M D C PTNRS INC F CLASS A CL A SUB VTG 552697104 7,467 343,804 SH   SOLE   343,804 0 0
UNITED PARCEL SRVC CLASS B CL B 911312106 384 3,992 SH   SOLE   3,992 0 0
VIACOM INC CLASS B CL B 92553P201 3,820 92,801 SH   SOLE   92,801 0 0
BERKSHIRE HATHAWAY CLASS B CL B NEW 84670702 429 3,250 SH   SOLE   3,250 0 0
BRISTOL-MYERS SQUIBB COM 110122108 939 13,650 SH   SOLE   13,650 0 0
COLGATE-PALMOLIVE CO COM 194162103 1,437 21,564 SH   SOLE   21,564 0 0
KIMBERLY-CLARK CORP COM 494368103 462 3,630 SH   SOLE   3,630 0 0
LTC PROPERTIES, INC. REIT COM 502175102 2,715 62,942 SH   SOLE   62,942 0 0
WAL-MART STORES INC COM 931142103 1,317 21,486 SH   SOLE   21,486 0 0
3M COMPANY COM 88579Y101 982 6,518 SH   SOLE   6,518 0 0
A G C O CORP COM 001084102 249 5,480 SH   SOLE   5,480 0 0
A T & T INC COM 00206R102 6,653 193,332 SH   SOLE   193,332 0 0
ABBVIE INC COM 00287Y109 5,383 90,860 SH   SOLE   90,860 0 0
ACUITY BRANDS INC COM 00508Y102 249 1,066 SH   SOLE   1,066 0 0
AETNA INC COM 00817Y108 663 6,130 SH   SOLE   6,130 0 0
AGREE REALTY CORP REIT COM 8492100 620 18,242 SH   SOLE   18,242 0 0
AIRGAS INC COM 009363102 1,660 12,000 SH   SOLE   12,000 0 0
ALBANY MOLECULR RESE COM 012423109 702 35,348 SH   SOLE   35,348 0 0
ALEXION PHARMA INC COM 015351109 870 4,562 SH   SOLE   4,562 0 0
ALLIANCE DATA SYSTEM COM 18581108 7,530 27,228 SH   SOLE   27,228 0 0
ALLSTATE CORPORATION COM 020002101 491 7,900 SH   SOLE   7,900 0 0
ALPHABET INC CLASS A COM 38259P508 1,539 1,978 SH   SOLE   1,978 0 0
ALPHABET INC CLASS C COM 38259P706 2,012 2,651 SH   SOLE   2,651 0 0
ALTRIA GROUP INC COM 02209S103 246 4,225 SH   SOLE   4,225 0 0
AMAZON COM INC COM 023135106 362 536 SH   SOLE   536 0 0
AMERISOURCEBERGEN CO COM 03073E105 864 8,330 SH   SOLE   8,330 0 0
AMGEN INCORPORATED COM 031162100 2,049 12,620 SH   SOLE   12,620 0 0
APPLE INC COM 037833100 5,507 52,314 SH   SOLE   52,314 0 0
ARBUTUS BIOPHARMA CO F COM 03879J100 114 25,722 SH   SOLE   25,722 0 0
ARGAN INC COM 04010E109 226 6,972 SH   SOLE   6,972 0 0
AUTONATION INC COM 05329W102 756 12,679 SH   SOLE   12,679 0 0
B G C PARTNERS CLASS A COM 05541T101 6,118 623,603 SH   SOLE   623,603 0 0
BALCHEM CORP COM 57665200 5,904 97,099 SH   SOLE   97,099 0 0
BANK OF AMERICA CORP COM 60505104 208 12,386 SH   SOLE   12,386 0 0
BANK OF NY MELLON CO COM 064058100 1,072 26,000 SH   SOLE   26,000 0 0
BAXALTA INCORPORATED COM 07177M103 312 8,000 SH   SOLE   8,000 0 0
BAXTER INTERNATIONAL COM 071813109 378 9,904 SH   SOLE   9,904 0 0
BB&T CORPORATION COM 54937107 2,126 56,241 SH   SOLE   56,241 0 0
BOEING CO COM 097023105 1,859 12,854 SH   SOLE   12,854 0 0
BOSTON SCIENTIFIC CO COM 101137107 816 44,231 SH   SOLE   44,231 0 0
BOTTOMLINE TECH COM 101388106 7,430 249,905 SH   SOLE   249,905 0 0
BROADSOFT INC COM 11133B409 5,722 161,819 SH   SOLE   161,819 0 0
CALIFORNIA RESOURCES COM 13057Q107 51 22,011 SH   SOLE   22,011 0 0
CARDINAL HEALTH INC COM 14149Y108 1,268 14,208 SH   SOLE   14,208 0 0
CARNIVAL CORP NEW F PAIRED STK SPECIAL VTG TR COM 143658300 272 5,000 SH   SOLE   5,000 0 0
CASCADE MICROTECH COM 147322101 238 14,630 SH   SOLE   14,630 0 0
CATERPILLAR INC COM 149123101 306 4,508 SH   SOLE   4,508 0 0
CDW CORP COM 12514G108 789 18,767 SH   SOLE   18,767 0 0
CECO ENVIRONMENTAL COM 125141101 164 21,361 SH   SOLE   21,361 0 0
CELGENE CORP COM 151020104 1,382 11,542 SH   SOLE   11,542 0 0
CHARLES RIVER LABS COM 159864107 840 10,448 SH   SOLE   10,448 0 0
CHECKPOINT SYSTEMS COM 162825103 605 96,545 SH   SOLE   96,545 0 0
CHEMBIO DIAGNOSTICS COM 163572209 394 73,862 SH   SOLE   73,862 0 0
CHEMOURS COMPANY COM 163851108 55 10,245 SH   SOLE   10,245 0 0
CHENIERE ENERGY INC COM 16411R208 262 7,040 SH   SOLE   7,040 0 0
CHEVRON CORPORATION COM 166764100 2,404 26,724 SH   SOLE   26,724 0 0
CHICAGO BRIDGE &IRON F ADR 1 ADR REPS ORD SHS COM 167250109 193 4,940 SH   SOLE   4,940 0 0
CIGNA CORP COM 125509109 2,436 16,645 SH   SOLE   16,645 0 0
CISCO SYSTEMS INC COM 17275R102 4,187 154,207 SH   SOLE   154,207 0 0
CITIGROUP INC COM 172967424 436 8,425 SH   SOLE   8,425 0 0
COCA COLA COMPANY COM 191216100 6,878 160,100 SH   SOLE   160,100 0 0
COMCAST CORPORATION CLASS A COM 20030N101 2,865 50,779 SH   SOLE   50,779 0 0
CONOCOPHILLIPS COM 20825C104 1,091 23,361 SH   SOLE   23,361 0 0
CORE MOLDING TECHS COM 218683100 269 20,940 SH   SOLE   20,940 0 0
CORNING INC COM 219350105 2,758 150,873 SH   SOLE   150,873 0 0
COSTCO WHOLESALE CO COM 22160K105 2,253 13,950 SH   SOLE   13,950 0 0
CRACKER BARREL OLD COM 22410J106 609 4,804 SH   SOLE   4,804 0 0
CRANE COMPANY COM 224399105 394 8,230 SH   SOLE   8,230 0 0
CRITEO S A F ADR 1 ADR REPS 1 ORD SHS COM 226718104 609 15,377 SH   SOLE   15,377 0 0
CTI BIOPHARMA CORP COM 12648L106 14 11,000 SH   SOLE   11,000 0 0
CUBIC CORP COM 229669106 7,912 167,452 SH   SOLE   167,452 0 0
CUMBERLAND PHARMA COM 230770109 423 80,335 SH   SOLE   80,335 0 0
CUMMINS INC COM 231021106 2,255 25,621 SH   SOLE   25,621 0 0
CVS HEALTH CORP COM 126650100 1,463 14,967 SH   SOLE   14,967 0 0
CYS INVESTMENTS REIT COM 12673A108 178 25,000 SH   SOLE   25,000 0 0
D T S INC COM 23335C101 439 19,461 SH   SOLE   19,461 0 0
DANAHER CORP COM 235851102 785 8,449 SH   SOLE   8,449 0 0
DAVITA HEALTHCARE PT COM 23918K108 1,016 14,570 SH   SOLE   14,570 0 0
DECKERS OUTDOOR CORP COM 243537107 606 12,843 SH   SOLE   12,843 0 0
DEL FRISCOS RESTAURT COM 245077102 611 38,154 SH   SOLE   38,154 0 0
DICKS SPORTING GOODS COM 253393102 4,356 123,218 SH   SOLE   123,218 0 0
DISCOVER FINANCIAL S COM 254709108 2,033 37,920 SH   SOLE   37,920 0 0
DOLLAR TREE INC COM 256746108 618 8,000 SH   SOLE   8,000 0 0
DOMINION RES INC VA COM 25746U109 302 4,458 SH   SOLE   4,458 0 0
DOUGLAS DYNAMICS INC COM 25960R105 205 9,713 SH   SOLE   9,713 0 0
DOW CHEMICAL COMPANY COM 260543103 1,393 27,068 SH   SOLE   27,068 0 0
DREYFUS MUNICIPAL INCOME COM 26201R102 98 10,372 SH   SOLE   10,372 0 0
DU PONT EI DE NEMOUR COM 263534109 2,980 44,742 SH   SOLE   44,742 0 0
DUKE ENERGY CORP COM 26441C204 1,054 14,760 SH   SOLE   14,760 0 0
EAGLE MATERIALS INC COM 26969P108 4,594 76,021 SH   SOLE   76,021 0 0
EAGLE PHARMACEUTICAL COM 269796108 2,128 24,000 SH   SOLE   24,000 0 0
EATON CORP PLC F COM G29183103 1,975 37,953 SH   SOLE   37,953 0 0
ECHO GLOBAL LOGISTIC COM 27875T101 527 25,859 SH   SOLE   25,859 0 0
ECOLAB INC COM 278865100 988 8,637 SH   SOLE   8,637 0 0
EDWARDS LIFESCIENCES COM 28176E108 316 4,000 SH   SOLE   4,000 0 0
ELLIE MAE INC COM 28849P100 663 11,005 SH   SOLE   11,005 0 0
EMERSON ELECTRIC CO COM 291011104 2,730 57,068 SH   SOLE   57,068 0 0
EPAM SYSTEMS INC COM 29414B104 751 9,551 SH   SOLE   9,551 0 0
EURONET WORLDWIDE COM 298736109 3,632 50,144 SH   SOLE   50,144 0 0
EXPRESS SCRIPTS HLDG COM 30219G108 897 10,262 SH   SOLE   10,262 0 0
EXTRA SPACE STORAGE REIT COM 30225T102 203 2,300 SH   SOLE   2,300 0 0
EXXON MOBIL CORP COM 30231G102 2,906 37,284 SH   SOLE   37,284 0 0
F5 NETWORKS INC COM 315616102 5,922 61,079 SH   SOLE   61,079 0 0
FEDEX CORPORATION COM 31428X106 830 5,574 SH   SOLE   5,574 0 0
FIRST SOLAR INC COM 336433107 264 4,000 SH   SOLE   4,000 0 0
FISERV INC COM 337738108 769 8,404 SH   SOLE   8,404 0 0
FORD MOTOR COMPANY COM 345370860 607 43,071 SH   SOLE   43,071 0 0
GENERAL ELECTRIC CO COM 369604103 3,332 106,953 SH   SOLE   106,953 0 0
GENERAL MOTORS CO COM 37045V100 1,926 56,642 SH   SOLE   56,642 0 0
GENTHERM INC COM 37253A103 6,301 132,934 SH   SOLE   132,934 0 0
GILEAD SCIENCES INC COM 375558103 865 8,552 SH   SOLE   8,552 0 0
GOLDMAN SACHS GROUP COM 38141G104 279 1,548 SH   SOLE   1,548 0 0
H P INC COM 428236103 156 13,149 SH   SOLE   13,149 0 0
HACKETT GROUP INC COM 404609109 237 14,778 SH   SOLE   14,778 0 0
HARRIS CORPORATION COM 413875105 1,125 12,948 SH   SOLE   12,948 0 0
HAWKINS INC COM 420261109 587 16,421 SH   SOLE   16,421 0 0
HCP INC REIT REIT COM 40414L109 206 5,400 SH   SOLE   5,400 0 0
HEWLETT PACKARD ENTE COM 42824C109 200 13,149 SH   SOLE   13,149 0 0
HILLENBRAND INC COM 431571108 960 32,404 SH   SOLE   32,404 0 0
HOLLYFRONTIER CORP COM 436106108 1,203 30,148 SH   SOLE   30,148 0 0
HOME DEPOT INC COM 437076102 782 5,913 SH   SOLE   5,913 0 0
HONEYWELL INTL INC COM 438516106 1,170 11,292 SH   SOLE   11,292 0 0
HORMEL FOODS CORP COM 440452100 775 9,805 SH   SOLE   9,805 0 0
HUNTSMAN CORPORATION COM 447011107 408 35,840 SH   SOLE   35,840 0 0
I E H CORP COM 44949K107 214 30,030 SH   SOLE   30,030 0 0
IBM CORP COM 459200101 2,926 21,263 SH   SOLE   21,263 0 0
IDEXX LABS INC COM 45168D104 889 12,198 SH   SOLE   12,198 0 0
ILLINOIS TOOL WORKS COM 452308109 209 2,250 SH   SOLE   2,250 0 0
INNOPHOS HOLDINGS COM 45774N108 569 19,638 SH   SOLE   19,638 0 0
INSTEEL INDUSTRIES COM 45774W108 690 32,985 SH   SOLE   32,985 0 0
INTEGRATED DEVICE TE COM 458118106 9,123 346,217 SH   SOLE   346,217 0 0
INTEL CORP COM 458140100 4,348 126,198 SH   SOLE   126,198 0 0
INTELIQUENT INC COM 45825N107 2,609 146,828 SH   SOLE   146,828 0 0
INVENSENSE INC COM 46123D205 540 52,806 SH   SOLE   52,806 0 0
IRIDEX CORP COM 462684101 286 30,822 SH   SOLE   30,822 0 0
JETBLUE AIRWAYS CORP COM 477143101 726 32,049 SH   SOLE   32,049 0 0
JMP GROUP LLC LP COM 46629U107 90 16,494 SH   SOLE   16,494 0 0
JOHNSON & JOHNSON COM 478160104 2,228 21,688 SH   SOLE   21,688 0 0
JPMORGAN CHASE & CO COM 46625H100 1,107 16,761 SH   SOLE   16,761 0 0
KADANT INC COM 48282T104 206 5,082 SH   SOLE   5,082 0 0
KAR AUCTION SERVICES COM 48238T109 789 21,319 SH   SOLE   21,319 0 0
KULICKE & SOFFA INDS COM 501242101 140 12,000 SH   SOLE   12,000 0 0
LANDEC CORP COM 514766104 423 35,718 SH   SOLE   35,718 0 0
LEAR CORPORATION COM 521865204 786 6,397 SH   SOLE   6,397 0 0
LIGAND PHARMA COM 53220K504 325 3,000 SH   SOLE   3,000 0 0
LINKEDIN CORP CLASS A COM 53578A108 6,953 30,890 SH   SOLE   30,890 0 0
LOWES COMPANIES INC COM 548661107 907 11,924 SH   SOLE   11,924 0 0
LYONDELLBASELL INDS F CLASS A COM N53745100 1,400 16,114 SH   SOLE   16,114 0 0
MANULIFE FINANCIAL F COM 56501R106 210 14,028 SH   SOLE   14,028 0 0
MARATHON OIL CORP COM 565849106 191 15,200 SH   SOLE   15,200 0 0
MARATHON PETE CORP COM 56585A102 2,145 41,372 SH   SOLE   41,372 0 0
MATTEL INCORPORATED COM 577081102 3,220 118,529 SH   SOLE   118,529 0 0
MAXIM INTEGRATED PRO COM 57772K101 3,997 105,190 SH   SOLE   105,190 0 0
MEDALLION FINANCIAL COM 583928106 93 13,149 SH   SOLE   13,149 0 0
MEDIVATION INC COM 58501N101 6,956 143,894 SH   SOLE   143,894 0 0
MEDNAX INC COM 58502B106 1,165 16,260 SH   SOLE   16,260 0 0
MEDTRONIC PLC F COM G5960L103 1,380 17,935 SH   SOLE   17,935 0 0
MERCADOLIBRE INC COM 58733R102 6,823 59,674 SH   SOLE   59,674 0 0
MERCK & CO INC COM 58933Y105 3,314 62,736 SH   SOLE   62,736 0 0
MERCURY SYSTEMS INC COM 589378108 652 35,508 SH   SOLE   35,508 0 0
MERIDIAN BIOSCIENCE COM 589584101 3,042 148,233 SH   SOLE   148,233 0 0
METHODE ELECTRONICS COM 591520200 8,414 264,356 SH   SOLE   264,356 0 0
MICRON TECHNOLOGY COM 595112103 5,549 391,884 SH   SOLE   391,884 0 0
MICROSOFT CORP COM 594918104 3,840 69,211 SH   SOLE   69,211 0 0
MISONIX INC COM 604871103 137 14,553 SH   SOLE   14,553 0 0
MISTRAS GROUP INC COM 60649T107 672 35,218 SH   SOLE   35,218 0 0
MOODYS CORP COM 615369105 594 5,921 SH   SOLE   5,921 0 0
MOSAIC CO COM 61945C103 681 24,695 SH   SOLE   24,695 0 0
NATHANS FAMOUS INC COM 632347100 320 6,216 SH   SOLE   6,216 0 0
NATIONAL CINEMEDIA COM 635309107 3,075 195,720 SH   SOLE   195,720 0 0
NAUTILUS INC COM 63910B102 455 27,191 SH   SOLE   27,191 0 0
NEW YORK CMNTY BANCO COM 649445103 832 50,968 SH   SOLE   50,968 0 0
NEXTERA ENERGY INC COM 65339F101 1,192 11,478 SH   SOLE   11,478 0 0
NOBILIS HEALTH CORP F COM 65500B103 85 30,271 SH   SOLE   30,271 0 0
NORTHERN TRUST CORP COM 665859104 360 5,000 SH   SOLE   5,000 0 0
NORTHROP GRUMMAN CO COM 666807102 866 4,584 SH   SOLE   4,584 0 0
NOVA MEASURING INSTR F COM M7516K103 437 44,621 SH   SOLE   44,621 0 0
NUANCE COMMUN INC COM 67020Y100 1,298 65,234 SH   SOLE   65,234 0 0
NUVEEN NEW YORK AMT FREE COM 670656107 499 38,000 SH   SOLE   38,000 0 0
NV5 GLOBAL INC COM 62945V109 244 11,103 SH   SOLE   11,103 0 0
NXP SEMICONDUCTORS F COM N6596XAA7 990 11,745 SH   SOLE   11,745 0 0
OCCIDENTAL PETROL CO COM 674599105 1,687 24,948 SH   SOLE   24,948 0 0
OLD REPUBLIC INTL CO COM 680223104 2,737 146,902 SH   SOLE   146,902 0 0
OMEGA FLEX INC COM 682095104 351 10,636 SH   SOLE   10,636 0 0
OMNICOM GROUP INC COM 681919106 1,513 20,001 SH   SOLE   20,001 0 0
ORACLE CORPORATION COM 68389X105 437 11,952 SH   SOLE   11,952 0 0
ORCHIDS PAPER PRODS COM 68572N104 4,665 150,858 SH   SOLE   150,858 0 0
PACWEST BANCORP COM 695263103 2,714 62,959 SH   SOLE   62,959 0 0
PATRICK INDUSTRIES COM 703343103 269 6,178 SH   SOLE   6,178 0 0
PEGASYSTEMS INC COM 705573103 9,198 334,490 SH   SOLE   334,490 0 0
PENSKE AUTOMOTIVE GP COM 70959W103 757 17,881 SH   SOLE   17,881 0 0
PEPSICO INCORPORATED COM 713448108 1,492 14,932 SH   SOLE   14,932 0 0
PERFICIENT INC COM 71375U101 226 13,220 SH   SOLE   13,220 0 0
PERKINELMER INC COM 714046109 818 15,273 SH   SOLE   15,273 0 0
PFIZER INCORPORATED COM 717081103 2,644 81,906 SH   SOLE   81,906 0 0
PHILIP MORRIS INTL COM 718172109 2,875 32,699 SH   SOLE   32,699 0 0
PHILLIPS 66 COM 718546104 1,188 14,525 SH   SOLE   14,525 0 0
PNC FINANCIAL SRVCS COM 693475105 737 7,729 SH   SOLE   7,729 0 0
POTASH CORP SASK INC F COM 73755L107 2,674 156,203 SH   SOLE   156,203 0 0
PPL CORPORATION COM 69351T106 3,091 90,579 SH   SOLE   90,579 0 0
PROCTER & GAMBLE COM 742718109 1,889 23,792 SH   SOLE   23,792 0 0
PROSPECT CAPITAL CO COM 74348T102 84 12,000 SH   SOLE   12,000 0 0
PROVIDENT FINANCIAL COM 74386T105 382 18,975 SH   SOLE   18,975 0 0
PRUDENTIAL FINANCIAL COM 744320102 918 11,278 SH   SOLE   11,278 0 0
QUAKER CHEMICAL CORP COM 747316107 1,792 23,200 SH   SOLE   23,200 0 0
QUALCOMM INC COM 747525103 1,060 21,215 SH   SOLE   21,215 0 0
QUALITY SYSTEMS INC COM 747582104 2,893 179,490 SH   SOLE   179,490 0 0
RANGE RESOURCES CORP COM 75281A109 283 11,500 SH   SOLE   11,500 0 0
REALTY INCM CORP REIT COM 756109104 322 6,244 SH   SOLE   6,244 0 0
REDHAT INC COM 756577102 10,437 126,035 SH   SOLE   126,035 0 0
REGIONS FINANCIAL CO COM 7591EP100 154 16,000 SH   SOLE   16,000 0 0
RELM WIRELESS CORP com 759525108 79 20,000 SH   SOLE   20,000 0 0
RITE AID CORPORATION COM 767754104 631 80,540 SH   SOLE   80,540 0 0
ROBERT HALF INTL COM 770323103 904 19,182 SH   SOLE   19,182 0 0
ROCKWELL AUTOMATION COM 773903109 527 5,135 SH   SOLE   5,135 0 0
ROYAL BANK OF CANADA F COM 780087102 536 10,000 SH   SOLE   10,000 0 0
RPM INTERNATIONAL COM 749685103 573 13,000 SH   SOLE   13,000 0 0
SCHLUMBERGER LTD F COM 806857108 186 2,670 SH   SOLE   2,670 0 0
SEAGATE TECHNOLOGY F COM G7945M107 1,402 38,230 SH   SOLE   38,230 0 0
SENSIENT TECHNOLOGIE COM 81725T100 211 3,358 SH   SOLE   3,358 0 0
SHERWIN WILLIAMS CO COM 824348106 1,558 6,000 SH   SOLE   6,000 0 0
SIGNATURE BANK COM 82669G104 844 5,501 SH   SOLE   5,501 0 0
SILICON LABORATORIES COM 826919102 735 15,134 SH   SOLE   15,134 0 0
SIMON PPTY GROUP REIT COM 828806109 556 2,860 SH   SOLE   2,860 0 0
SIMULATIONS PLUS INC COM 829214105 312 31,496 SH   SOLE   31,496 0 0
SIX FLAGS ENTERTAINM COM 83001A102 2,325 42,317 SH   SOLE   42,317 0 0
SKYWORKS SOLUTIONS COM 83088M102 6,572 85,538 SH   SOLE   85,538 0 0
SMITH A O COM 831865209 684 8,926 SH   SOLE   8,926 0 0
SOUTHERN COMPANY COM 842587107 4,034 86,206 SH   SOLE   86,206 0 0
SOUTHWEST AIRLINES COM 844741108 327 7,600 SH   SOLE   7,600 0 0
SP PLUS CORPORATION COM 78469C103 493 20,621 SH   SOLE   20,621 0 0
SPARTON CORP COM 847235108 194 9,720 SH   SOLE   9,720 0 0
SPIRIT AIRLINES COM 848577102 4,437 111,336 SH   SOLE   111,336 0 0
STARWOOD PPTY TRUST REIT COM 85571B105 2,437 118,517 SH   SOLE   118,517 0 0
STERICYCLE INC COM 858912108 1,081 8,967 SH   SOLE   8,967 0 0
SVB FINANCIAL GROUP COM 78486Q101 1,282 10,780 SH   SOLE   10,780 0 0
SYNTEL INC COM 87162H103 7,054 155,900 SH   SOLE   155,900 0 0
T ROWE PRICE GROUP COM 74144T108 1,091 15,262 SH   SOLE   15,262 0 0
TALEN ENERGY CORPORA COM 87422J105 77 12,415 SH   SOLE   12,415 0 0
TARO PHARMA INDS F COM M8737E108 3,315 21,447 SH   SOLE   21,447 0 0
TEGNA INC COM 87901J105 1,003 39,290 SH   SOLE   39,290 0 0
TEREX CORP COM 880779103 3,322 179,768 SH   SOLE   179,768 0 0
THERMO FISHER SCNTFC COM 883556102 1,112 7,841 SH   SOLE   7,841 0 0
TIFFANY & CO COM 886547108 5,722 75,000 SH   SOLE   75,000 0 0
TRAVELERS COMPANIES COM 89417E109 677 6,001 SH   SOLE   6,001 0 0
TRECORA RESOURCES COM 894648104 520 41,935 SH   SOLE   41,935 0 0
TRIANGLE CAPITAL CO COM 895848109 2,122 111,042 SH   SOLE   111,042 0 0
TUPPERWARE BRANDS CO COM 899896104 2,539 45,621 SH   SOLE   45,621 0 0
TWITTER INC COM 90184L102 613 26,500 SH   SOLE   26,500 0 0
U S BANCORP COM 902973304 1,108 25,963 SH   SOLE   25,963 0 0
UNITED TECHNOLOGIES COM 913017109 345 3,590 SH   SOLE   3,590 0 0
UNITEDHEALTH GRP INC COM 91324P102 3,035 25,803 SH   SOLE   25,803 0 0
UNIVEST CORP PA COM 915271100 704 33,732 SH   SOLE   33,732 0 0
VALERO ENERGY CORP COM 91913Y100 1,128 15,950 SH   SOLE   15,950 0 0
VALLEY NATIONAL BANC COM 919794107 653 66,300 SH   SOLE   66,300 0 0
VEREIT INC REIT COM 92339V100 2,425 306,160 SH   SOLE   306,160 0 0
VERIZON COMMUNICATN COM 92343V104 3,493 75,576 SH   SOLE   75,576 0 0
VISA INC CLASS A COM 92826C839 1,170 15,083 SH   SOLE   15,083 0 0
W E C ENERGY GROUP I COM 92939U106 1,315 25,623 SH   SOLE   25,623 0 0
W.P. CAREY INC. REIT COM 92936U109 4,390 74,415 SH   SOLE   74,415 0 0
WABTEC COM 929740108 808 11,355 SH   SOLE   11,355 0 0
WELLS FARGO & CO COM 949746101 1,997 36,737 SH   SOLE   36,737 0 0
WELLTOWER INC COM 42217K106 216 3,180 SH   SOLE   3,180 0 0
WESTLAKE CHEMICAL CO COM 960413102 2,126 39,136 SH   SOLE   39,136 0 0
WESTWOOD HOLDINGS GP COM 961765104 248 4,763 SH   SOLE   4,763 0 0
WHIRLPOOL CORP COM 963320106 1,150 7,832 SH   SOLE   7,832 0 0
WILLIAMS COMPANIES COM 969457100 257 10,000 SH   SOLE   10,000 0 0
WISDOMTREE INVESTMNT COM 97717P104 802 51,166 SH   SOLE   51,166 0 0
XCEL ENERGY INC COM 98389B100 916 25,513 SH   SOLE   25,513 0 0
XEROX CORP COM 984121103 382 35,983 SH   SOLE   35,983 0 0
ZIMMER BIOMET HLDGS COM 98956P102 205 2,000 SH   SOLE   2,000 0 0
ZIX CORPORATION COM 98974P100 622 122,413 SH   SOLE   122,413 0 0
INOVALON HOLDINGS CLASS A COM CL A 45781D101 4,766 280,375 SH   SOLE   280,375 0 0
MALIBU BOATS INC CLASS A COM CL A 56117J100 217 13,252 SH   SOLE   13,252 0 0
QUANTUM CP DLT & STO COM DSSG 747906204 11 12,000 SH   SOLE   12,000 0 0
FONAR CORP COM NEW 344437405 494 28,625 SH   SOLE   28,625 0 0
MOTOROLA SOLUTIONS COM NEW 620076307 205 3,000 SH   SOLE   3,000 0 0
N V E CORPORATION COM NEW 629445206 233 4,149 SH   SOLE   4,149 0 0
POPULAR INC F COM NEW 733174700 184 6,500 SH   SOLE   6,500 0 0
PREFERRED BANK LA COM NEW 740367404 246 7,462 SH   SOLE   7,462 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 231 74,935 SH   SOLE   74,935 0 0
MUELLER WATER PRODUC COM SER A 624758108 7,202 837,456 SH   SOLE   837,456 0 0
HOSPITALITY PROP TR REIT COM SH BEN INT 44106M102 2,895 110,692 SH   SOLE   110,692 0 0
BLACKSTONE GROUP LP LP COM UNIT LTD 09253U108 427 14,620 SH   SOLE   14,620 0 0
HOLLY ENERGY PARTNER LP COM UT LTD PTN 435763107 1,064 34,166 SH   SOLE   34,166 0 0
AMERIGAS PARTNERS, L LP COMMON UNIT LTD PTR 030975106 1,787 52,139 SH   SOLE   52,139 0 0
BUCKEYE PARTNERS LP LP COMMON UNIT LTD PTR 118230101 320 4,850 SH   SOLE   4,850 0 0
CALUMET SPECIALTY PR LP COMMON UNIT LTD PTR 131476103 1,857 93,288 SH   SOLE   93,288 0 0
ENERGY TRANSFER PART LP COMMON UNIT LTD PTR 29273R109 639 18,930 SH   SOLE   18,930 0 0
TERRA NITROGEN CO LP LP COMMON UNIT LTD PTR 881005201 1,784 17,566 SH   SOLE   17,566 0 0
CEDAR FAIR, L.P. LP DEPOSITRY UNIT 150185106 1,425 25,527 SH   SOLE   25,527 0 0
WISDOMTREE EUROPE HEDGED EQTY ETF EUROPE HEDGED EQ 97717X701 198 3,686 SH   SOLE   3,686 0 0
ARES CAPITAL COR 5.75%16 DUE 02/01/16 NOTE 04010LAB9 498 500,000 PRN   SOLE   500,000 0 0
B G C PARTNERS 4.5%16 DUE 07/15/16 NOTE 05541TAD3 127 118,000 PRN   SOLE   118,000 0 0
HORNBECK OFFSHORE 1.5%19 DUE 09/01/19 NOTE 440543AN6 138 240,000 PRN   SOLE   240,000 0 0
INVENSENSE INC 1.75%18 DUE 11/01/18 NOTE 46123DAB2 588 645,000 PRN   SOLE   645,000 0 0
NUANCE COMMUN IN 2.75%31 CONV BONDS DUE 11/01/31 NOTE 67020YAF7 563 556,000 PRN   SOLE   556,000 0 0
PEABODY ENERGY C 4.75%66 DUE 12/15/66 NOTE 704549AG9 10 200,000 PRN   SOLE   200,000 0 0
PROSPECT CAPITA 5.375%17 DUE 10/15/17 NOTE 74348TAK8 54 55,000 PRN   SOLE   55,000 0 0
PROSPECT CAPITAL 5.5%16 DUE 08/15/16 NOTE 74348TAD4 195 195,000 PRN   SOLE   195,000 0 0
STARWOOD PPTY TR 3.75%17 DUE 10/15/17 NOTE 85571BAC9 49 50,000 PRN   SOLE   50,000 0 0
YANDEX N V 1.125%18F DUE 12/15/18 YANDEX N V NOTE 98474TAB3 477 550,000 PRN   SOLE   550,000 0 0
ICONIX BRAND GROU 1.5%18 DUE 03/15/18 NOTE 1.500% 3/1 451055AF4 207 400,000 PRN   SOLE   400,000 0 0
CANADIAN SOLAR 4.25%19F DUE 02/15/19 CANADIAN SOLAR INC NOTE 4.250% 2/1 136635AE9 292 320,000 PRN   SOLE   320,000 0 0
VELOCITYSHARES 3X LNG CRD OIL ETN NT LKD 32 22542D399 49 12,350 SH   SOLE   12,350 0 0
AEGON NV F ADR 1 ADR REPS 1 ORD SHS NY REGISTRY S 007924103 113 20,000 SH   SOLE   20,000 0 0
RADWARE LTD F ORD M81873107 630 41,039 SH   SOLE   41,039 0 0
SILICOM LIMITED F ORD M84116108 240 7,914 SH   SOLE   7,914 0 0
TE CONNECTIVITY LTD F REG SHS H84989104 199 3,077 SH   SOLE   3,077 0 0
ISHARES RUSSELL 1000 GROWTH ETF RUS 1000 GRW ETF 464287614 311 3,123 SH   SOLE   3,123 0 0
ISHARES RUSSELL 1000 VALUE ETF RUS 1000 VAL ETF 464287598 200 2,042 SH   SOLE   2,042 0 0
ISHARES RUSSELL 2000 ETF RUSSELL 2000 ETF 464287655 3,508 31,146 SH   SOLE   31,146 0 0
MARKET VECTORS RUSSIA ETF RUSSIA ETF 57060U506 961 65,586 SH   SOLE   65,586 0 0
VANGUARD SHORT-TERM BOND ETF SHORT TRM BOND 921937827 569 7,150 SH   SOLE   7,150 0 0
ENDURANCE SPECALTY F SHS G30397106 1,179 18,424 SH   SOLE   18,424 0 0
PERRIGO CO PLC F US SHARES SHS G97822103 634 4,381 SH   SOLE   4,381 0 0
NIELSEN HOLDINGS PLC F SHS EUR G6518L108 817 17,535 SH   SOLE   17,535 0 0
MYLAN NV F SHS EURO N59465109 13,075 241,822 SH   SOLE   241,822 0 0
JAZZ PHARMACEUTICAL F SHS USD G50871105 1,705 12,133 SH   SOLE   12,133 0 0
HUANENG POWER INTL F ADR 1 ADR REPS 40 ORD SHS SPON ADR H SHS 443304100 376 10,968 SH   SOLE   10,968 0 0
BAIDU INC F ADR 1 ADR REPS 0.1 ORD SHS SPON ADR REP A 56752108 8,679 45,912 SH   SOLE   45,912 0 0
ROYAL DUTCH SHELL F ADR 1 ADR REPS 2 ORD SHS SPONS ADR A 780259206 533 11,632 SH   SOLE   11,632 0 0
ERICSSON LM TEL-SP F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 294821608 161 16,763 SH   SOLE   16,763 0 0
ABB LTD F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 000375204 268 15,100 SH   SOLE   15,100 0 0
ADV SEMICNDCTOR ENG F ADR 1 ADR REPS 5 ORD SHS SPONSORED ADR 00756M404 76 13,325 SH   SOLE   13,325 0 0
AMERICA MOVIL SAB F ADR 1 ADR REPS 20 ORD SHS SPONSORED ADR 02364W105 250 17,800 SH   SOLE   17,800 0 0
ASTRAZENECA PLC F ADR 1 ADR REPS 0.5 ORD SHS SPONSORED ADR 046353108 2,898 85,375 SH   SOLE   85,375 0 0
BP PLC F ADR 1 ADR REPS 6 ORD SHS SPONSORED ADR 055622104 790 25,272 SH   SOLE   25,272 0 0
CANON INC F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 138006309 202 6,700 SH   SOLE   6,700 0 0
CEMEX SAB DE C V F ADR 1 ADR REPS 10 ORD SHS SPONSORED ADR 151290889 138 24,746 SH   SOLE   24,746 0 0
CPFL ENERGIA SA F ADR 1 ADR REPS 2 ORD SHS SPONSORED ADR 126153105 100 13,464 SH   SOLE   13,464 0 0
CTRIP COM INTL LTD F ADR 1 ADR RE 0.125 ORD SHS SPONSORED ADR 22943F100 185 4,000 SH   SOLE   4,000 0 0
FLY LEASING LTD F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 34407D109 4,548 333,152 SH   SOLE   333,152 0 0
GLAXOSMITHKLINE PLC F ADR 1 ADR REPS 2 ORD SHS SPONSORED ADR 37733W105 3,659 90,678 SH   SOLE   90,678 0 0
ICICI BANK LTD F ADR 1 ADR REPS 2 ORD SHS SPONSORED ADR 45104G104 196 25,052 SH   SOLE   25,052 0 0
MARINE HARVEST F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 56824R205 155 11,794 SH   SOLE   11,794 0 0
PETROLEO BRASILEIRO F ADR 1 ADR REPS 2 ORD SHS SPONSORED ADR 71654V408 77 18,000 SH   SOLE   18,000 0 0
SANOFI SPOND F ADR 1 ADR REPS 0.5 ORD SHS SPONSORED ADR 80105N105 4,013 94,097 SH   SOLE   94,097 0 0
TATA MOTORS LTD F ADR 1 ADR REPS 5 ORD SHS SPONSORED ADR 876568502 4,177 141,728 SH   SOLE   141,728 0 0
TEVA PHARM INDS LTD F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 881624209 919 14,000 SH   SOLE   14,000 0 0
TOTAL S A F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 89151E109 825 18,358 SH   SOLE   18,358 0 0
WESTPAC BANKING LTD F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADR 961214301 2,574 106,246 SH   SOLE   106,246 0 0
ALIBABA GROUP HLDG F ADR 1 ADR REPS 1 ORD SHS SPONSORED ADS 01609W102 9,057 111,449 SH   SOLE   111,449 0 0
TECHNOLOGY SELECT SECTOR SPDR ETF TECHNOLOGY 81369Y803 227 5,299 SH   SOLE   5,299 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 10,226 50,162 SH   SOLE   50,162 0 0
PROSHARES ULTRAPRO RUSSELL 2000 ETF ULTR RUSSL2000 74347X799 987 13,313 SH   SOLE   13,313 0 0
PROSHARES ULTRAPRO S&P 500 ETF ULTRPRO S&P500 74347X864 366 5,851 SH   SOLE   5,851 0 0
SPDR S&P MIDCAP 400 ETF UTSER1 S&PDCRP 78467Y107 241 949 SH   SOLE   949 0 0