0000906344-11-000127.txt : 20110513 0000906344-11-000127.hdr.sgml : 20110513 20110513162930 ACCESSION NUMBER: 0000906344-11-000127 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBF Capital, LLC CENTRAL INDEX KEY: 0001134621 IRS NUMBER: 680383896 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06357 FILM NUMBER: 11841420 BUSINESS ADDRESS: STREET 1: 100 DRAKES LANDING ROAD STREET 2: SUITE 300 CITY: GREENBRAE STATE: CA ZIP: 94904 BUSINESS PHONE: (415) 464-4475 MAIL ADDRESS: STREET 1: 100 DRAKES LANDING ROAD STREET 2: SUITE 300 CITY: GREENBRAE STATE: CA ZIP: 94904 FORMER COMPANY: FORMER CONFORMED NAME: RBF LLC DATE OF NAME CHANGE: 20010213 13F-HR 1 rbf1q11.txt FORM 13F - FIRST QUARTER 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [ ]; Amendment Number: This amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: RBF CAPITAL, LLC Address: 100 Drakes Landing Road, Suite 300 Greenbrae, CA 94904 13F File Number: 028-06357 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it that all information contained herein is true, correct and complete and that it is understood that all required items, statements, schedules, lists and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Richard B. Fullerton Title: Managing Member Phone: 415-464-4478 Signature, Place and Date of Signing: /s/ Richard B. Fullerton Greenbrae, CA May 11, 2011 -------------------------- --------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 319 Form 13F Information Table Value Total: 274,996 (x$1000) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE RBF CAPITAL, LLC FORM 13F INFORMATION TABLE - FIRST QUARTER 2011

TITLE OF VALUE SHARES/ SH/ PUT/ INVSMT OTH VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE ======================================================================================================================= 21ST CENTURY HOLDING CO. CMN Common Stock 90136Q100 104 33898 Sole 33898 51JOB, INC. ADR CMN ADR 316827104 659 10307 Sole 10307 99 CENTS ONLY STORES CMN Common Stock 65440K106 196 10000 Sole 10000 ACCENTURE PLC CMN Common Stock G1151C101 1,017 18500 Sole 18500 ACE LIMITED CMN Common Stock H0023R105 324 5000 Sole 5000 ACTIONS SEMICONDUCTOR CO LTD ADR CMN ADR 00507E107 1,112 446501 Sole 446501 ADOBE SYSTEMS INC CMN Common Stock 00724F101 233 7040 Sole 7040 ADVANCE AMER, CASH ADVANCE CMN Common Stock 00739W107 68 12828 Sole 12828 CENTERS,INC. ADVISORY BRD CO CMN Common Stock 00762W107 206 4000 Sole 4000 AEP INDUSTRIES INC CMN Common Stock 001031103 743 25000 Sole 25000 AETNA INC CMN Common Stock 00817Y108 1,123 30000 Sole 30000 AFFILIATED MANAGERS GROUP INC CMN Common Stock 008252108 766 7000 Sole 7000 AGRIA CORPORATION SPONSORED ADR CMN ADR 00850H103 382 270834 Sole 270834 ALLIED HEALTHCARE INTL INC. CMN Common Stock 01923A109 3,502 1378830 Sole 1378830 ALLOT COMMUNICATIONS LTD CMN Common Stock M0854Q105 689 44000 Sole 44000 AMBASSADORS GROUP INC CMN Common Stock 023177108 551 50351 Sole 50351 AMERICAN EXPRESS CO. CMN Common Stock 025816109 1,175 26000 Sole 26000 AMERICAN LORAIN CORPORATION CMN Common Stock 027297100 492 193720 Sole 193720 AMERISOURCEBERGEN CORPORATION CMN Common Stock 03073E105 45000 1,780 Sole 45000 AMN HEALTHCARE SERVICES INC CMN Common Stock 001744101 2,513 290157 Sole 290157 AMPAL AMER ISRAEL CL A CMN CLASS A Common Stock 032015109 18 10000 Sole 10000 ANIMAL HEALTH INTERNATIONAL INC. CMN Common Stock 03525N109 771 183683 Sole 183683 ANN INC CMN Common Stock 035623107 262 9000 Sole 9000 AON CORPORATION CMN Common Stock 037389103 1,589 30000 Sole 30000 APOGEE ENTERPRISES INC CMN Common Stock 037598109 1,080 81876 Sole 81876 ARCHER DANIELS MIDLAND CO CMN Common Stock 039483102 1,120 31100 Sole 31100 ARCTIC CAT INC CMN Common Stock 039670104 1,491 95853 Sole 95853 ARLINGTON ASSET INVESTMENT CORP Common Stock 041356205 457 15000 Sole 15000 CMN CLASS A ARROW ELECTRONICS INC. CMN Common Stock 042735100 419 10000 Sole 10000 ARTHUR J GALLAGHER & CO CMN Common Stock 363576109 456 15000 Sole 15000 AUTODESK INC CMN Common Stock 052769106 640 14500 Sole 14500 BALDWIN TECHNOLOGY INC CL-A CMN Common Stock 058264102 1,284 792364 Sole 792364 CLASS A BANK OF MARIN BANCORP CMN Common Stock 063425102 233 6246 Sole 6246 BANKFINANCIAL CORP. CMN Common Stock 06643P104 311 33833 Sole 33833 BANNER CORP CMN Common Stock 06652V109 236 100000 Sole 100000 BASSETT FURNITURE CMN Common Stock 070203104 2,141 274081 Sole 274081 BECKMAN COULTER, INC. CMN Common Stock 075811109 415 5000 Sole 5000 BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 793 36012 Sole 36012 BIOSTAR PHARMACEUTICALS, INC. CMN Common Stock 090678103 22 10000 Sole 10000 BJ'S WHOLESALE CLUB INC CMN Common Stock 05548J106 488 10000 Sole 10000 BLYTH, INC. CMN Common Stock 09643P207 1,323 40712 Sole 40712 BOSTON SCIENTIFIC CORP. COMMON STOCK Common Stock 101137107 324 45000 Sole 45000 BRADY CORP CLASS-A CMN CLASS A Common Stock 104674106 428 12000 Sole 12000 BROWN & BROWN INC CMN Common Stock 115236101 258 10000 Sole 10000 BRUNSWICK CORP. CMN Common Stock 117043109 636 25000 Sole 25000 BURNHAM HOLDINGS INC CMN Common Stock 122295108 165 10968 Sole 10968 C D I CORP CMN Common Stock 125071100 220 14897 Sole 14897 C&D TECHNOLOGIES INC CMN Common Stock 124661208 2,066 248955 Sole 248955 CA, INC. CMN Common Stock 12673P105 484 20000 Sole 20000 CACHE INC NEW CMN Common Stock 127150308 613 133500 Sole 133500 CALLIDUS SOFTWARE INC CMN Common Stock 13123E500 550 80000 Sole 80000 CAMBIUM LEARNING GROUP, INC. CMN Common Stock 13201A107 207 60749 Sole 60749 CAMBREX CORPORATION CMN Common Stock 132011107 223 40490 Sole 40490 CAMCO FINL CORP CMN Common Stock 132618109 410 214760 Sole 214760 CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 1,273 24500 Sole 24500 CARDTRONICS, INC CMN Common Stock 14161H108 712 35000 Sole 35000 CARRIAGE SERVICES, INC. CMN Common Stock 143905107 1,222 221798 Sole 221798 CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 2,456 264908 Sole 264908 CBIZ, INC. CMN Common Stock 124805102 269 37245 Sole 37245 CDC CORPORATION CMN Common Stock G2022L114 33 12900 Sole 12900 CENTRAL BANCORP INC CMN Common Stock 152418109 1,189 74005 Sole 74005 CENTRAL GARDEN & PET COMPANY CMN Common Stock 153527205 163 17745 Sole 17745 CLASS ANON VOTING SHARES CENTURY CASINOS INC CMN Common Stock 156492100 332 111365 Sole 111365 CHARLES & COLVARD LTD CMN Common Stock 159765106 56 14787 Sole 14787 CHARLES SCHWAB CORPORATION CMN Common Stock 808513105 938 52000 Sole 52000 CHASE CORP CMN Common Stock 16150R104 352 18950 Sole 18950 CHEMSPEC INTL LTD ADR CMN ADR 163868102 1,103 149752 Sole 149752 CHEMTURA CORPORATION CMN Common Stock 163893209 172 10000 Sole 10000 CHEVRON CORPORATION CMN Common Stock 166764100 430 4000 Sole 4000 CHICO'S FAS INC CMN Common Stock 168615102 521 35000 Sole 35000 CHINA DIGITALTV HLDNG CO.LTD ADR 16938G107 107 15000 Sole 15000 SPONSORED ADR CMN CHINA INFORMATION TECH INC CMN Common Stock 16950L109 50 18650 Sole 18650 CHINA INTEGRATED ENERGY INC CMN Common Stock 16948P105 473 185610 Sole 185610 CHROMCRAFT REVINGTON INC COM CMN Common Stock 171117104 84 42091 Sole 42091 CIGNA CORPORATION CMN Common Stock 125509109 443 10000 Sole 10000 CIT GROUP INC. CMN CLASS Common Stock 125581801 298 7000 Sole 7000 CITIZENS REPUBLIC BANCORP IN CMN Common Stock 174420109 89 100000 Sole 100000 CLST HOLDINGS INC CMN Common Stock 12564R103 1 58750 Sole 58750 CNINSURE INC. SPONSORED ADR CMN ADR 18976M103 259 20000 Sole 20000 CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 453 60367 Sole 60367 COCA-COLA COMPANY (THE) CMN Common Stock 191216100 5,639 85000 Sole 85000 COGDELL SPENCER INC CMN REIT 19238U107 1,779 299452 Sole 299452 COLEMAN CABLE, INC. CMN Common Stock 193459302 1,184 133600 Sole 133600 COLLECTIVE BRANDS, INC. CMN Common Stock 19421W100 647 30000 Sole 30000 COMPASS DIVERSIFIED HOLDINGS CMN Ltd Part 20451Q104 152 10300 Sole 10300 COMPUWARE CORP. CMN Common Stock 205638109 811 70191 Sole 70191 CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 489 26190 Sole 26190 CONTINUCARE CORPORATION CMN Common Stock 212172100 162 30273 Sole 30273 COVENANT TRANSPORTATION GRP INC Common Stock 22284P105 94 10197 Sole 10197 CMN CLASS A CRAWFORD & CO CL-A CMN CLASS A Common Stock 224633206 36 10552 Sole 10552 CREDIT SUISSE GROUP SPON ADR ADR 225401108 426 10000 Sole 10000 SPONSORED ADR CMN CROSS CTRY HEALTHCARE INC CMN Common Stock 227483104 435 55498 Sole 55498 CROWN CRAFTS INC CMN Common Stock 228309100 70 14428 Sole 14428 CSG SYSTEMS INTL INC CMN Common Stock 126349109 698 35000 Sole 35000 CUMULUS MEDIA INC CMN CLASS A Common Stock 231082108 1,609 370847 Sole 370847 CYBEROPTICS CORP CMN Common Stock 232517102 334 38480 Sole 38480 CYTEC INDS INC COMMON STOCK Common Stock 232820100 217 4000 Sole 4000 D.R. HORTON, INC. CMN Common Stock 23331A109 664 57000 Sole 57000 DANA HOLDING CORPORATION CMN Common Stock 235825205 1,374 79000 Sole 79000 DATALINK CORP CMN Common Stock 237934104 122 19084 Sole 19084 DELTA AIR LINES, INC. CMN Common Stock 247361702 147 15000 Sole 15000 DESWELL INDUSTRIES INC CMN Common Stock 250639101 235 78199 Sole 78199 DGT HOLDINGS CORP CMN Common Stock 23328R107 1,769 184279 Sole 184279 DIADEXUS INC NEW CMN Common Stock 25245P106 49 127226 Sole 127226 DIME COMMUNITY BANCSHARES CMN Common Stock 253922108 148 10000 Sole 10000 DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 1,206 50000 Sole 50000 DIXIE GROUP INC CMN CLASS A Common Stock 255519100 204 43787 Sole 43787 DOT HILL SYSTEMS CORP CMN Common Stock 25848T109 57 20000 Sole 20000 DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 1,391 387541 Sole 387541 DOVER MOTORSPORTS INC CMN Common Stock 260174107 156 78163 Sole 78163 DOVER SADDLERY, INC. CMN Common Stock 260412101 1,649 387000 Sole 387000 DSP GROUP INC CMN Common Stock 23332B106 364 47237 Sole 47237 DST SYSTEM INC COMMON STOCK Common Stock 233326107 264 5000 Sole 5000 DUOYUAN PRINTING INC CMN Common Stock 26605B109 34 30415 Sole 30415 EASTERN VA BANKSHARES INC CMN Common Stock 277196101 59 16424 Sole 16424 EBAY INC. CMN Common Stock 278642103 1,552 50000 Sole 50000 EDCI HLDGS INC CMN Common Stock 268315207 436 124500 Sole 124500 EINSTEIN NOAH RESTAURANT GROUP, Common Stock 28257U104 468 28760 Sole 28760 INC CMN ELI LILLY & CO CMN Common Stock 532457108 352 10000 Sole 10000 ENSCO PLC SPON ADR ADR 29358Q109 463 8000 Sole 8000 ENTEGRIS, INC. CMN Common Stock 29362U104 878 100000 Sole 100000 ENTERCOM COMMS. CORP CLASS A Common Stock 293639100 1,036 94006 Sole 94006 COMMON STOCK ENTRAVISION COMMUNICATIONS CP CMN Common Stock 29382R107 2,490 918999 Sole 918999 CLASS A EQUIFAX INC CMN Common Stock 294429105 777 20000 Sole 20000 EXPEDIA, INC. CMN Common Stock 30212P105 1,473 65000 Sole 65000 EXXON MOBIL CORPORATION CMN Common Stock 30231G102 841 10000 Sole 10000 FAIR ISAAC INC CMN Common Stock 303250104 316 10000 Sole 10000 FIRST PLACE FINANCIAL/OHIO CMN Common Stock 33610T109 473 212060 Sole 212060 FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 2,118 260553 Sole 260553 FLANDERS CORPORATION CMN Common Stock 338494107 244 75000 Sole 75000 FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 1,450 96304 Sole 96304 FLUSHING FINANCIAL CORPORATION CMN Common Stock 343873105 224 15000 Sole 15000 FREESEAS INC CMN Common Stock Y26496144 343 123333 Sole 123333 FROZEN FOOD EXPRESS INDS INC CMN Common Stock 359360104 1,924 560971 Sole 560971 GENCOR INDUSTRIES INC CMN Common Stock 368678108 1,025 131083 Sole 131083 GENCORP INC CMN Common Stock 368682100 60 10000 Sole 10000 GENERAL ELECTRIC CO CMN Common Stock 369604103 2,005 100000 Sole 100000 GERBER SCIENTIFIC INC CMN Common Stock 373730100 3,847 410952 Sole 410952 GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 2,466 206712 Sole 206712 GLOBAL CASH ACCESS HLDGS, INC. CMN Common Stock 378967103 380 116281 Sole 116281 GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 2,220 14000 Sole 14000 GOOGLE, INC. CMN CLASS A Common Stock 38259P508 1,467 2500 Sole 2500 H & R BLOCK INC. CMN Common Stock 093671105 670 40000 Sole 40000 H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 1,437 73593 Sole 73593 HANGER ORTHOPEDIC GROUP CMN Common Stock 41043F208 344 13213 Sole 13213 HARDINGE INC. COMMON STOCK Common Stock 412324303 1,891 138000 Sole 138000 HARVARD BIOSCIENCE INC CMN Common Stock 416906105 192 33887 Sole 33887 HEELYS, INC. CMN Common Stock 42279M107 665 289343 Sole 289343 HEIDRICK & STRUGGLES INC. CMN Common Stock 422819102 507 18206 Sole 18206 HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 469 30000 Sole 30000 HOLLY CORP $.01 PAR CMN Common Stock 435758305 614 10107 Sole 10107 HOLLYWOOD MEDIA CORP CMN Common Stock 436233100 809 454300 Sole 454300 HOOPER HOLMES INC CMN Common Stock 439104100 679 911883 Sole 911883 HORIZON LINES, INC. 4.25% US DOMESTIC 44044KAB7 778 1000000 Sole 1000000 08/15/2012 CONV FA HORMEL FOODS CORP CMN Common Stock 440452100 557 20000 Sole 20000 HOVNANIAN K ENTERPRISES INC CMN Common Stock 442487203 50 14202 Sole 14202 CLASS A HUBBELL INCORPORATED CLASS B CMN Common Stock 443510201 320 4500 Sole 4500 CLASS B HUDSON HIGHLAND GROUP, INC. CMN Common Stock 443792106 2,669 410666 Sole 410666 HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 589 601276 Sole 601276 INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 986 122006 Sole 122006 INFORMATION SVCS GRP, INC. CMN Common Stock 45675Y104 1,237 564910 Sole 564910 INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 2,694 997866 Sole 997866 INGERSOLL-RAND PLC CMN Common Stock G47791101 725 15000 Sole 15000 INSTEEL INDUSTRIES INC CMN Common Stock 45774W108 2,828 200000 Sole 200000 INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 170 50000 Sole 50000 INTERPUBLIC GROUP COS CMN Common Stock 460690100 440 35000 Sole 35000 INVESTORS TITLE CO CMN Common Stock 461804106 210 6598 Sole 6598 ISHARES DOW JONES U.S. UTILITIES ETP 464287697 873 11000 Sole 11000 SECTORINDEX FUND ETF ITURAN LOCATION & CONTROL LTD CMN Common Stock M6158M104 150 10016 Sole 10016 JAMBA,INC. CMN Common Stock 47023A101 55 25030 Sole 25030 JOURNAL COMMUNICATIONS INC CMN Common Stock 481130102 884 147371 Sole 147371 CLASS A JPMORGAN CHASE & CO CMN Common Stock 46625H100 703 15250 Sole 15250 JPS INDUSTRIES, INC. CMN Common Stock 46624E405 942 202608 Sole 202608 KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 320 14744 Sole 14744 KORN/FERRY INTERNATIONAL CMN Common Stock 500643200 224 10070 Sole 10070 KRAFT FOODS INC. CMN CLASS A Common Stock 50075N104 1,254 40000 Sole 40000 LAWSON PRODUCTS INC CMN Common Stock 520776105 267 11568 Sole 11568 LIBBEY INC. CMN Common Stock 529898108 1,491 90349 Sole 90349 LINCARE HOLDINGS INC CMN Common Stock 532791100 208 7000 Sole 7000 LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 389 24510 Sole 24510 LIVE NATION ENTERTAINMENT INC CMN Common Stock 538034109 350 35000 Sole 35000 LOTUS PHARM INC CMN Common Stock 545715203 116 107200 Sole 107200 LOUISIANA PACIFIC CORP CMN Common Stock 546347105 940 89500 Sole 89500 LOWES COMPANIES INC CMN Common Stock 548661107 899 34000 Sole 34000 LSI INDUSTRIES INC CMN Common Stock 50216C108 433 59781 Sole 59781 LYDALL INC CMN Common Stock 550819106 1,785 200799 Sole 200799 M.D.C.HOLDINGS,INC (DELAWARE) CMN Common Stock 552676108 296 11691 Sole 11691 M/I HOMES INC CMN Common Stock 55305B101 259 17247 Sole 17247 MAIDEN HOLDINGS, LTD. CMN Common Stock G5753U112 231 30783 Sole 30783 MAIDENFORM BRANDS, INC. CMN Common Stock 560305104 504 17658 Sole 17658 MANPOWER INC CMN Common Stock 56418H100 511 8119 Sole 8119 MARINEMAX INC CMN Common Stock 567908108 199 20200 Sole 20200 MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 1,133 4500 Sole 4500 MATERIAL SCIENCES CORP CMN Common Stock 576674105 10,803 1498343 Sole 1498343 MATTSON TECHNOLOGY INC CMN Common Stock 577223100 49 20000 Sole 20000 MBIA INC CMN Common Stock 55262C100 301 30000 Sole 30000 MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 2,167 55000 Sole 55000 MEDCATH CORP CMN Common Stock 58404W109 272 19488 Sole 19488 MEDNAX INC CMN Common Stock 58502B106 240 3600 Sole 3600 MEMC ELECTRONIC MATERIAL COMMON STOCK Common Stock 552715104 648 50000 Sole 50000 MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 677 25000 Sole 25000 MFRI INC CMN Common Stock 552721102 356 31880 Sole 31880 MGIC INVESTMENT CORP COMMON STOCK Common Stock 552848103 133 15000 Sole 15000 MICROSOFT CORPORATION CMN Common Stock 594918104 990 39000 Sole 39000 MICROSTRATEGY INC CMN CLASS A Common Stock 594972408 379 2821 Sole 2821 MOVADO GROUP INC CMN Common Stock 624580106 281 19165 Sole 19165 MRV COMMUNICATIONS, INC CMN Common Stock 553477100 1,568 1025063 Sole 1025063 NASDAQ OMX GROUP, INC. CMN Common Stock 631103108 388 15000 Sole 15000 NATHANS FAMOUS INC CMN Common Stock 632347100 173 10093 Sole 10093 NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 652 51461 Sole 51461 NEW HAMPSHIRE THRIFT BANCSHARES INC Common Stock 644722100 2,356 178347 Sole 178347 NEWMARKET CORP CMN Common Stock 651587107 396 2500 Sole 2500 NEWSTAR FINANCIAL, INC. CMN Common Stock 65251F105 1,143 104634 Sole 104634 NN INC CMN Common Stock 629337106 2,283 125000 Sole 125000 ONE LIBERTY PROPERTIES INC CMN REIT 682406103 1,326 87919 Sole 87919 OPTICAL CABLE CORP CMN Common Stock 683827208 185 37675 Sole 37675 ORIENTAL FINANCIAL GROUP CMN Common Stock 68618W100 251 20000 Sole 20000 P.A.M. TRANSPORTATION SVCS INC CMN Common Stock 693149106 1,231 101343 Sole 101343 PACER INTERNATIONAL INC CMN Common Stock 69373H106 53 10000 Sole 10000 PAPA JOHN'S INTERNATIONAL INC. CMN Common Stock 698813102 348 11000 Sole 11000 PARKVALE FINANCIAL CORP CMN Common Stock 701492100 398 40857 Sole 40857 PARLUX FRAGRANCES CMN Common Stock 701645103 46 14564 Sole 14564 PC-TEL INC CMN Common Stock 69325Q105 204 26576 Sole 26576 PEPSICO INC CMN Common Stock 713448108 3,163 49100 Sole 49100 PERCEPTRON INC CMN Common Stock 71361F100 676 106403 Sole 106403 PFIZER INC. CMN Common Stock 717081103 1,422 70000 Sole 70000 PGT INC CMN Common Stock 69336V101 1,071 455906 Sole 455906 PHH CORPORATION CMN Common Stock 693320202 599 27500 Sole 27500 PHILIP MORRIS INTL INC CMN Common Stock 718172109 394 6000 Sole 6000 PIPER JAFFRAY COMPANIES CMN Common Stock 724078100 543 13111 Sole 13111 POWERSHARES INTERNATIONAL DIVIDEND ETP 73935X716 243 15000 Sole 15000 ACHIEVERS PORTFOLIO ETF PPL CORPORATION CMN Common Stock 69351T106 228 9000 Sole 9000 PREFORMED LINE PRODS CO CMN Common Stock 740444104 635 9183 Sole 9183 PRESIDENTIAL LIFE CORP CMN Common Stock 740884101 3,512 368564 Sole 368564 PRICESMART INC CMN Common Stock 741511109 389 10605 Sole 10605 PRIMEDIA INC. CMN Common Stock 74157K846 482 99000 Sole 99000 PROGRESS SOFTWARE CORPORATION CMN Common Stock 743312100 218 7500 Sole 7500 PROGRESSIVE CORPORATION (THE) CMN Common Stock 743315103 1,268 60000 Sole 60000 PSYCHEMEDICS CORPORATION CMN Common Stock 744375205 1,017 92058 Sole 92058 PULSE ELECTRONICS CORP CMN Common Stock 74586W106 61 10000 Sole 10000 QC HOLDINGS, INC. CMN Common Stock 74729T101 130 30000 Sole 30000 QLT INC. CMN Common Stock 746927102 566 81489 Sole 81489 QUALITY DISTRIBUTION, INC. CMN Common Stock 74756M102 525 44300 Sole 44300 RCM TECHNOLOGIES INC CMN Common Stock 749360400 303 59557 Sole 59557 REDDY ICE HOLDINGS INC CMN Common Stock 75734R105 3,136 1045352 Sole 1045352 RENT-A-CENTER INC CMN Common Stock 76009N100 349 10000 Sole 10000 RESOURCE AMERICA INC CL-A CMN CLASS A Common Stock 761195205 801 125000 Sole 125000 RICK'S CABARET INTERNATIONAL INC (NEW)Common Stock 765641303 756 69358 Sole 69358 SAGA COMMUNICATION, INC. CMN CLASS A Common Stock 786598300 239 6895 Sole 6895 SALEM COMMUNICATIONS CL-A CMN CLASS A Common Stock 794093104 86 22875 Sole 22875 SANMINA-SCI CORPORATION CMN Common Stock 800907206 112 10000 Sole 10000 SEABRIGHT HLDG INC CMN Common Stock 811656107 373 36408 Sole 36408 SEALY CORPORATION CONV PFD Preferred 812139400 1,634 21787 Sole 21787 USD0.0000(0.00%) PFD Stock SED INTERNATIONAL HLDGS INC CMN Common Stock 784109209 547 109600 Sole 109600 SELECTICA INC CMN Common Stock 816288203 134 23127 Sole 23127 SERVICE CORP INTERNATL CMN Common Stock 817565104 221 20000 Sole 20000 SHENGDATECH, INC. CMN Common Stock 823213103 36 10103 Sole 10103 SINCLAIR BROADCAST GROUP INC CMN Common Stock 829226109 364 29023 Sole 29023 CLASS A SKYPEOPLE FRUIT JUICE, INC. CMN Common Stock 83086T208 306 69355 Sole 69355 SL INDS INC CMN Common Stock 784413106 2,304 125811 Sole 125811 SPAR GROUP INC CMN Common Stock 784933103 1,624 938982 Sole 938982 SPDR S&P 500 ETF TRUST SPDR ETP 78462F103 7,690 58000 Sole 58000 STANLEY FURNITURE INC (NEW) CMN Common Stock 854305208 316 57263 Sole 57263 STATE STREET CORPORATION (NEW) CMN Common Stock 857477103 1,798 40000 Sole 40000 STEELCASE INC. CLASS A COMMON STOCK Common Stock 858155203 171 15000 Sole 15000 STEWART ENTERPRISES INC CLASS A Common Stock 860370105 2,305 301663 Sole 301663 STEWART INFORMATION SVCS CORP CMN Common Stock 860372101 1,726 164711 Sole 164711 STRATUS PPTYS INC CMN Common Stock 863167201 3,244 246711 Sole 246711 SUMMER INFANT INC CMN Common Stock 865646103 80 10000 Sole 10000 SUPERTEL HOSPITALITY INC CMN REIT 868526104 1,133 707907 Sole 707907 SYMMETRY MEDICAL INC. CMN Common Stock 871546206 114 11681 Sole 11681 SYNALLOY CORP. CMN Common Stock 871565107 129 10000 Sole 10000 SYNCHRONOSS TECHNOLOGIES INC. CMN Common Stock 87157B103 313 9000 Sole 9000 SYPRIS SOLUTIONS INC (DE) CMN Common Stock 871655106 1,652 389516 Sole 389516 TENET HEALTHCARE CORPORATION CMN Common Stock 88033G100 403 54109 Sole 54109 TERRA NOVA ROYALTY CORP CMN Common Stock 88102D103 1,251 145266 Sole 145266 THE HOME DEPOT, INC. CMN Common Stock 437076102 1,482 40000 Sole 40000 THE RYLAND GROUP, INC. CMN Common Stock 783764103 275 17281 Sole 17281 THERAGENICS CORP CMN Common Stock 883375107 29 13933 Sole 13933 THOMAS PPTYS GROUP INC CMN Common Stock 884453101 423 126141 Sole 126141 TIER TECHNOLOGIES INC CMN CLASS B Common Stock 88650Q100 115 20930 Sole 20930 TOLL BROTHERS, INC. CMN Common Stock 889478103 890 45000 Sole 45000 TOTAL SYS SVC INC. CMN Common Stock 891906109 270 15000 Sole 15000 TOWERS WATSON & CO CMN CLASS A Common Stock 891894107 610 11000 Sole 11000 TRANSGENOMIC, INC. CMN Common Stock 89365K206 64 72240 Sole 72240 TRINITY BIOTECH PLC SPONSORED ADR CMN ADR 896438306 754 80425 Sole 80425 TUESDAY MORNING CORP CMN Common Stock 899035505 98 20000 Sole 20000 TYCO INTERNATIONAL LTD CMN Common Stock H8912P106 2,015 45000 Sole 45000 U S PHYSICAL THERAPY INC CMN Common Stock 90337L108 1,676 75032 Sole 75032 U.S. GLOBAL INVESTORS INC A CMN Common Stock 902952100 298 36800 Sole 36800 UBICS INC. CMN Common Stock 90261L108 66 130000 Sole 130000 UNILEVER N.V. NY SHS (NEW) ADR CMN NY Reg Shrs 904784709 1,314 41900 Sole 41900 UNITED BANCSHARES INC OHIO CMN Common Stock 909458101 549 59700 Sole 59700 UNITED CONTINENTAL HOLDING INC CMN Common Stock 910047109 2,138 93000 Sole 93000 UNITED PARCEL SERVICE, INC. CLASS B Common Stock 911312106 1,858 25000 Sole 25000 COMMON STOCK UNITED RENTALS, INC. 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