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 25,604 1,426,390 SH   SOLE 1,426,390 0 0
AARONS INC COM PAR $0.50 002535300 2,542 100,000 SH   SOLE 100,000 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 2,527 103,100 SH   SOLE 103,100 0 0
AMC NETWORKS INC CL A 00164V103 2,541 49,000 SH   SOLE 49,000 0 0
APPLE INC COM 037833100 8,787 77,725 SH   SOLE 77,725 0 0
ARGAN INC COM 04010E109 4,729 79,900 SH   SOLE 79,900 0 0
ASB BANCORP INC N C COM 00213T109 757 28,825 SH   SOLE 28,825 0 0
BANKRATE INC DEL COM 06647F102 2,502 295,000 SH   SOLE 295,000 0 0
BANKWELL FINL GROUP INC COM 06654A103 381 16,084 SH   SOLE 16,084 0 0
BED BATH & BEYOND INC COM 075896100 2,578 59,800 SH   SOLE 59,800 0 0
BEST BUY INC COM 086516101 2,864 75,000 SH   SOLE 75,000 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 2,575 279,000 SH   SOLE 279,000 0 0
BUCKLE INC COM 118440106 1,757 73,100 SH   SOLE 73,100 0 0
CA INC COM 12673P105 2,952 89,250 SH   SOLE 89,250 0 0
CAL MAINE FOODS INC COM NEW 128030202 1,985 51,500 SH   SOLE 51,500 0 0
CARDINAL HEALTH INC COM 14149Y108 6,216 80,000 SH   SOLE 80,000 0 0
CBIZ INC COM 124805102 2,965 265,000 SH   SOLE 265,000 0 0
CBS CORP NEW CL B 124857202 2,956 54,000 SH   SOLE 54,000 0 0
CENTURYLINK INC COM 156700106 2,651 96,660 SH   SOLE 96,660 0 0
CISCO SYS INC COM 17275R102 3,188 100,500 SH   SOLE 100,500 0 0
CRANE CO COM 224399105 3,566 56,600 SH   SOLE 56,600 0 0
CVS HEALTH CORP COM 126650100 8,276 93,000 SH   SOLE 93,000 0 0
DELUXE CORP COM 248019101 3,234 48,400 SH   SOLE 48,400 0 0
DHI GROUP INC COM 23331S100 2,454 311,000 SH   SOLE 311,000 0 0
DONNELLEY R R & SONS CO COM 257867101 3,096 196,950 SH   SOLE 196,950 0 0
DOVER MOTORSPORTS INC COM 260174107 1,416 573,312 SH   SOLE 573,312 0 0
EMCOR GROUP INC COM 29084Q100 3,792 63,600 SH   SOLE 63,600 0 0
EMERSON ELEC CO COM 291011104 18,650 342,131 SH   SOLE 342,131 0 0
ETSY INC COM 29786A106 2,970 208,000 SH   SOLE 208,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 6,292 89,204 SH   SOLE 89,204 0 0
EXXON MOBIL CORP COM 30231G102 764 8,749 SH   SOLE 8,749 0 0
FLUOR CORP NEW COM 343412102 2,807 54,700 SH   SOLE 54,700 0 0
FRANKLIN RES INC COM 354613101 6,392 179,700 SH   SOLE 179,700 0 0
GAMESTOP CORP NEW CL A 36467W109 2,469 89,500 SH   SOLE 89,500 0 0
GAP INC DEL COM 364760108 2,464 110,800 SH   SOLE 110,800 0 0
GENTEX CORP COM 371901109 2,634 150,000 SH   SOLE 150,000 0 0
GILEAD SCIENCES INC COM 375558103 2,829 35,750 SH   SOLE 35,750 0 0
GRAHAM HLDGS CO COM 384637104 2,648 5,500 SH   SOLE 5,500 0 0
HIBBETT SPORTS INC COM 428567101 3,491 87,500 SH   SOLE 87,500 0 0
HP INC COM 40434L105 2,896 186,500 SH   SOLE 186,500 0 0
HURON CONSULTING GROUP INC COM 447462102 2,689 45,000 SH   SOLE 45,000 0 0
INNOSPEC INC COM 45768S105 3,162 52,000 SH   SOLE 52,000 0 0
INTEL CORP COM 458140100 1,104 29,237 SH   SOLE 29,237 0 0
INTERDIGITAL INC COM 45867G101 3,802 48,000 SH   SOLE 48,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 695 4,376 SH   SOLE 4,376 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,705 99,300 SH   SOLE 99,300 0 0
JOHNSON & JOHNSON COM 478160104 1,071 9,066 SH   SOLE 9,066 0 0
JPMORGAN CHASE & CO COM 46625H100 8,360 125,550 SH   SOLE 125,550 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 11,836 400,000 SH   SOLE 400,000 0 0
LANDSTAR SYS INC COM 515098101 2,655 39,000 SH   SOLE 39,000 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 2,931 42,000 SH   SOLE 42,000 0 0
MALVERN BANCORP INC COM 561409103 915 55,782 SH   SOLE 55,782 0 0
MANPOWERGROUP INC COM 56418H100 2,457 34,000 SH   SOLE 34,000 0 0
MATRIX SVC CO COM 576853105 2,927 156,000 SH   SOLE 156,000 0 0
MEDTRONIC PLC SHS G5960L103 17,855 206,652 SH   SOLE 206,652 0 0
MELROSE BANCORP INC COM 585553100 169 11,323 SH   SOLE 11,323 0 0
MICROSOFT CORP COM 594918104 16,311 283,170 SH   SOLE 283,170 0 0
MONSTER WORLDWIDE INC COM 611742107 2,726 755,000 SH   SOLE 755,000 0 0
MOODYS CORP COM 615369105 758 7,000 SH   SOLE 7,000 0 0
MSB FINL CORP NEW COM 55352L101 848 62,745 SH   SOLE 62,745 0 0
MYLAN N V SHS EURO N59465109 12,389 325,000 SH   SOLE 325,000 0 0
MYRIAD GENETICS INC COM 62855J104 2,367 115,000 SH   SOLE 115,000 0 0
NEUSTAR INC CL A 64126X201 2,725 102,500 SH   SOLE 102,500 0 0
NEWS CORP NEW CL A 65249B109 26,363 1,885,790 SH   SOLE 1,885,790 0 0
OCEANFIRST FINL CORP COM 675234108 201 10,455 SH   SOLE 10,455 0 0
OWENS ILL INC COM NEW 690768403 20,229 1,100,000 SH   SOLE 1,100,000 0 0
PB BANCORP INC COM 70454T100 141 16,287 SH   SOLE 16,287 0 0
PFIZER INC COM 717081103 33,286 982,756 SH   SOLE 982,756 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 2,534 120,000 SH   SOLE 120,000 0 0
PROCTER AND GAMBLE CO COM 742718109 513 5,720 SH   SOLE 5,720 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 1,062 73,377 SH   SOLE 73,377 0 0
QUALCOMM INC COM 747525103 3,322 48,500 SH   SOLE 48,500 0 0
REGAL ENTMT GROUP CL A 758766109 433 19,900 SH   SOLE 19,900 0 0
ROBERT HALF INTL INC COM 770323103 2,651 70,000 SH   SOLE 70,000 0 0
RPX CORP COM 74972G103 2,480 232,000 SH   SOLE 232,000 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 2,603 41,000 SH   SOLE 41,000 0 0
SI FINL GROUP INC MD COM 78425V104 645 48,875 SH   SOLE 48,875 0 0
SMITH & WESSON HLDG CORP COM 831756101 3,244 122,000 SH   SOLE 122,000 0 0
SOUTHWEST AIRLS CO COM 844741108 2,995 77,000 SH   SOLE 77,000 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 9,899 554,241 SH   SOLE 554,241 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,409 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 2,446 52,400 SH   SOLE 52,400 0 0
STURM RUGER & CO INC COM 864159108 2,426 42,000 SH   SOLE 42,000 0 0
SUCAMPO PHARMACEUTICALS INC CL A 864909106 2,770 225,000 SH   SOLE 225,000 0 0
SUNSHINE BANCORP INC COM 86777J108 262 17,750 SH   SOLE 17,750 0 0
SUSSEX BANCORP COM 869245100 482 29,534 SH   SOLE 29,534 0 0
SYNAPTICS INC COM 87157D109 3,046 52,000 SH   SOLE 52,000 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 2,987 77,700 SH   SOLE 77,700 0 0
THOR INDS INC COM 885160101 4,531 53,500 SH   SOLE 53,500 0 0
TIME WARNER INC COM NEW 887317303 2,707 34,000 SH   SOLE 34,000 0 0
TRC COS INC COM 872625108 48,277 5,568,257 SH   SOLE 5,568,257 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 23,978 990,000 SH   SOLE 990,000 0 0
UNITED CONTL HLDGS INC COM 910047109 3,253 62,000 SH   SOLE 62,000 0 0
UNIVEST CORP PA COM 915271100 607 25,998 SH   SOLE 25,998 0 0
USANA HEALTH SCIENCES INC COM 90328M107 2,767 20,000 SH   SOLE 20,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 15,741 302,832 SH   SOLE 302,832 0 0
VIACOM INC NEW CL B 92553P201 2,431 63,800 SH   SOLE 63,800 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 2,114 150,000 SH   SOLE 150,000 0 0
WABASH NATL CORP COM 929566107 3,047 214,000 SH   SOLE 214,000 0 0
WESTBURY BANCORP INC COM 95727P106 313 16,052 SH   SOLE 16,052 0 0
WESTERN DIGITAL CORP COM 958102105 3,344 57,200 SH   SOLE 57,200 0 0
WESTERN UN CO COM 959802109 3,319 159,400 SH   SOLE 159,400 0 0
WISDOMTREE INVTS INC COM 97717P104 2,058 200,000 SH   SOLE 200,000 0 0