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
A. H. BELO CORPORATION CMN SERIES A Common Stock 001282102 169 20,485 SH   SOLE   20,485 0 0
ACI WORLDWIDE INC CMN Common Stock 004498101 260 12,000 SH   SOLE   12,000 0 0
ACTIONS SEMICONDUCTOR CO., LTD*. ADR CMN ADR 00507E107 136 90,400 SH   SOLE   90,400 0 0
ADVISORY BRD CO CMN Common Stock 00762W107 213 4,000 SH   SOLE   4,000 0 0
AEP INDUSTRIES INC CMN Common Stock 001031103 2,036 37,000 SH   SOLE   37,000 0 0
AETNA INC CMN Common Stock 00817Y108 533 5,000 SH   SOLE   5,000 0 0
AGILYSYS INC CMN Common Stock 00847J105 221 22,505 SH   SOLE   22,505 0 0
ALLIANCEBERNSTEIN HOLDING LP CMN MLP 01881G106 2,117 68,568 SH   SOLE   68,568 0 0
AMEC FOSTER WHEELER PLC SPONSORED ADR ADR 00167X205 144 10,797 SH   SOLE   10,797 0 0
AMERCO CMN Common Stock 023586100 925 2,800 SH   SOLE   2,800 0 0
AMERICAN EXPRESS CO. CMN Common Stock 025816109 1,172 15,000 SH   SOLE   15,000 0 0
AMERICAN INTL GROUP, INC. CMN Common Stock 026874784 6,079 110,950 SH   SOLE   110,950 0 0
AMERICAN TOWER CORPORATION CMN REIT 03027X100 1,883 20,000 SH   SOLE   20,000 0 0
AON PLC CMN Common Stock G0408V102 577 6,000 SH   SOLE   6,000 0 0
APOGEE ENTERPRISES INC CMN Common Stock 037598109 216 5,000 SH   SOLE   5,000 0 0
APOLLO EDUCATION GROUP, INC CMN CLASS A Common Stock 037604105 598 31,600 SH   SOLE   31,600 0 0
APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A MLP 037612306 216 10,000 SH   SOLE   10,000 0 0
ARROW ELECTRONICS INC. CMN Common Stock 042735100 612 10,000 SH   SOLE   10,000 0 0
ASPEN INSURANCE HOLDINGS LTD CMN Common Stock G05384105 1,181 25,000 SH   SOLE   25,000 0 0
ASTA FUNDING INC CMN Common Stock 046220109 2,035 243,972 SH   SOLE   243,972 0 0
ASTROSYSTEMS INC IN LIQUIDTN CMN Common Stock 046465100 0 79,200 SH   SOLE   79,200 0 0
AUTODESK INC CMN Common Stock 052769106 586 10,000 SH   SOLE   10,000 0 0
AVID TECHNOLOGY, INC. CMN Common Stock 05367P100 580 38,906 SH   SOLE   38,906 0 0
AVNET INC. CMN Common Stock 053807103 668 15,000 SH   SOLE   15,000 0 0
AXIS CAPITAL HOLDINGS, LTD. CMN Common Stock G0692U109 258 5,000 SH   SOLE   5,000 0 0
BAKER HUGHES INC CMN Common Stock 057224107 636 10,000 SH   SOLE   10,000 0 0
BALTIC TRADING LTD CMN Common Stock Y0553W103 50 33,751 SH   SOLE   33,751 0 0
BANK OF AMERICA CORP CMN Common Stock 060505104 12,312 800,000 SH   SOLE   800,000 0 0
BANK OF MARIN BANCORP CMN Common Stock 063425102 257 5,046 SH   SOLE   5,046 0 0
BEASLEY BROADCAST GROUP INC CMN CLASS A Common Stock 074014101 163 32,469 SH   SOLE   32,469 0 0
BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 216 11,338 SH   SOLE   11,338 0 0
BENCHMARK ELECTRONICS INC CMN Common Stock 08160H101 240 10,000 SH   SOLE   10,000 0 0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A Common Stock 084670108 46,763 215 SH   SOLE   215 0 0
BLYTH, INC. CMN Common Stock 09643P207 1,818 239,500 SH   SOLE   239,500 0 0
BP P.L.C. SPONSORED ADR CMN ADR 055622104 391 10,000 SH   SOLE   10,000 0 0
BROADWIND ENERGY INC. CMN Common Stock 11161T207 689 137,894 SH   SOLE   137,894 0 0
BRUNSWICK CORP. CMN Common Stock 117043109 257 5,000 SH   SOLE   5,000 0 0
C D I CORP CMN Common Stock 125071100 513 36,529 SH   SOLE   36,529 0 0
CAMBREX CORPORATION CMN Common Stock 132011107 396 10,000 SH   SOLE   10,000 0 0
CAMPBELL SOUP CO CMN Common Stock 134429109 698 15,000 SH   SOLE   15,000 0 0
CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 1,971 25,000 SH   SOLE   25,000 0 0
CAREER EDUCATION CORP CMN Common Stock 141665109 484 96,317 SH   SOLE   96,317 0 0
CARRIAGE SERVICES, INC. CMN Common Stock 143905107 4,310 180,557 SH   SOLE   180,557 0 0
CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 1,799 217,000 SH   SOLE   217,000 0 0
CATERPILLAR INC (DELAWARE) CMN Common Stock 149123101 3,601 45,000 SH   SOLE   45,000 0 0
CECO ENVIRONMENTAL CORP CMN Common Stock 125141101 502 47,293 SH   SOLE   47,293 0 0
CENTRAL GARDEN & PET CO CMN Common Stock 153527106 779 78,967 SH   SOLE   78,967 0 0
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES Common Stock 153527205 348 32,764 SH   SOLE   32,764 0 0
CENTURY CASINOS INC CMN Common Stock 156492100 545 100,000 SH   SOLE   100,000 0 0
CF INDUSTRIES HOLDINGS, INC. CMN Common Stock 125269100 567 2,000 SH   SOLE   2,000 0 0
CITIZENS FINANCIAL GROUP INC CMN Common Stock 174610105 3,016 125,000 SH   SOLE   125,000 0 0
CIVEO CORP CMN Common Stock 178787107 508 200,014 SH   SOLE   200,014 0 0
CNINSURE INC SPONSORED ADR CMN ADR 18976M103 1,553 180,000 SH   SOLE   180,000 0 0
CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 5,166 300,000 SH   SOLE   300,000 0 0
COCA-COLA COMPANY (THE) CMN Common Stock 191216100 3,447 85,000 SH   SOLE   85,000 0 0
COGENT COMMUNICATIONS HLDGS CMN Common Stock 19239V302 707 20,000 SH   SOLE   20,000 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A Common Stock 192446102 2,558 41,000 SH   SOLE   41,000 0 0
COMMUNITY HEALTH SYS INC CMN Common Stock 203668108 732 14,000 SH   SOLE   14,000 0 0
CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 472 26,190 SH   SOLE   26,190 0 0
COWEN GROUP, INC. CMN Common Stock 223622101 680 130,734 SH   SOLE   130,734 0 0
CROCS, INC. CMN Common Stock 227046109 506 42,887 SH   SOLE   42,887 0 0
CSG SYSTEMS INTL INC CMN Common Stock 126349109 913 30,032 SH   SOLE   30,032 0 0
CULP INC CMN Common Stock 230215105 268 10,000 SH   SOLE   10,000 0 0
CVS HEALTH CORP CMN Common Stock 126650100 5,161 50,000 SH   SOLE   50,000 0 0
DANA HOLDING CORPORATION CMN Common Stock 235825205 635 30,000 SH   SOLE   30,000 0 0
DATALINK CORP CMN Common Stock 237934104 120 10,000 SH   SOLE   10,000 0 0
DELPHI AUTOMOTIVE PLC CMN Common Stock G27823106 239 3,000 SH   SOLE   3,000 0 0
DELUXE CORP CMN Common Stock 248019101 693 10,000 SH   SOLE   10,000 0 0
DENBURY RESOURCES INC CMN Common Stock 247916208 2,187 299,945 SH   SOLE   299,945 0 0
DESWELL INDUSTRIES INC CMN Common Stock 250639101 92 50,000 SH   SOLE   50,000 0 0
DGT HLDGS CORP CMN Common Stock 23328R206 303 20,000 SH   SOLE   20,000 0 0
DHT HOLDINGS INC CMN Common Stock Y2065G121 634 90,835 SH   SOLE   90,835 0 0
DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 851 15,100 SH   SOLE   15,100 0 0
DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 335 286,730 SH   SOLE   286,730 0 0
DOVER MOTORSPORTS INC CMN Common Stock 260174107 177 74,663 SH   SOLE   74,663 0 0
DOVER SADDLERY, INC. CMN Common Stock 260412101 178 38,335 SH   SOLE   38,335 0 0
DST SYSTEM INC COMMON STOCK Common Stock 233326107 996 9,000 SH   SOLE   9,000 0 0
E*TRADE FINANCIAL CORPORATION CMN Common Stock 269246401 286 10,000 SH   SOLE   10,000 0 0
EASTERN VA BANKSHARES INC CMN Common Stock 277196101 236 37,642 SH   SOLE   37,642 0 0
EBAY INC. CMN Common Stock 278642103 2,364 40,979 SH   SOLE   40,979 0 0
EDCI HLDGS INC CMN Common Stock 268315207 91 174,500 SH   SOLE   174,500 0 0
ELECTRO RENT CORP CMN Common Stock 285218103 181 15,931 SH   SOLE   15,931 0 0
EMPLOYEE SOLUTIONS INC CMN Common Stock 292166105 145 17,800 SH   SOLE   17,800 0 0
ENCORE CAPITAL GROUP INC CMN Common Stock 292554102 250 6,000 SH   SOLE   6,000 0 0
ENDURANCE SPECIALTY HLDGS LTD CMN Common Stock G30397106 1,529 25,000 SH   SOLE   25,000 0 0
ENGLOBAL CORPORATION CMN Common Stock 293306106 263 158,168 SH   SOLE   158,168 0 0
ENTEGRIS, INC. CMN Common Stock 29362U104 137 10,000 SH   SOLE   10,000 0 0
ENTERCOM COMMS. CORP CLASS A COMMON STOCK Common Stock 293639100 122 10,000 SH   SOLE   10,000 0 0
ENTRAVISION COMMUNICATIONS CP CMN CLASS A Common Stock 29382R107 3,171 500,977 SH   SOLE   500,977 0 0
EQUIFAX INC CMN Common Stock 294429105 930 10,000 SH   SOLE   10,000 0 0
EVEREST RE GROUP LTD CMN Common Stock G3223R108 870 5,000 SH   SOLE   5,000 0 0
EXXON MOBIL CORPORATION CMN Common Stock 30231G102 425 5,000 SH   SOLE   5,000 0 0
FACEBOOK, INC. CMN CLASS A Common Stock 30303M102 7,128 86,700 SH   SOLE   86,700 0 0
FAIR ISAAC INC CMN Common Stock 303250104 1,774 20,000 SH   SOLE   20,000 0 0
FANNIE MAE COMMON STOCK CMN Common Stock 313586109 94 40,000 SH   SOLE   40,000 0 0
FEDERATED NATL HLDG CO CMN Common Stock 31422T101 765 25,000 SH   SOLE   25,000 0 0
FIESTA RESTAURANT GROUP, INC. CMN Common Stock 31660B101 9,150 150,000 SH   SOLE   150,000 0 0
FIRST CMNTY CORP S C CMN Common Stock 319835104 816 70,000 SH   SOLE   70,000 0 0
FIRST OF LONG ISLAND CORP CMN Common Stock 320734106 268 10,500 SH   SOLE   10,500 0 0
FIRSTMERIT CORP CMN Common Stock 337915102 2,183 114,533 SH   SOLE   114,533 0 0
FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 780 175,590 SH   SOLE   175,590 0 0
FLAGSTAR BANCORP, INC. CMN Common Stock 337930705 218 15,000 SH   SOLE   15,000 0 0
FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 1,721 55,000 SH   SOLE   55,000 0 0
FLUSHING FINANCIAL CORPORATION CMN Common Stock 343873105 220 10,983 SH   SOLE   10,983 0 0
FREDDIE MAC CMN Common Stock 313400301 228 100,000 SH   SOLE   100,000 0 0
FTD COMPANIES, INC. CMN Common Stock 30281V108 1,198 40,000 SH   SOLE   40,000 0 0
GANNETT CO.INC. CMN Common Stock 364730101 1,854 50,000 SH   SOLE   50,000 0 0
GENCOR INDUSTRIES INC CMN Common Stock 368678108 608 60,758 SH   SOLE   60,758 0 0
GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 2,297 140,000 SH   SOLE   140,000 0 0
GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 4,323 23,000 SH   SOLE   23,000 0 0
GOOGLE INC. CMN CLASS A Common Stock 38259P508 1,387 2,500 SH   SOLE   2,500 0 0
GOOGLE INC. CMN CLASS C Common Stock 38259P706 822 1,500 SH   SOLE   1,500 0 0
GORDMANS STORES, INC. CMN Common Stock 38269P100 203 24,399 SH   SOLE   24,399 0 0
GRAND CANYON EDUCATION, INC. CMN Common Stock 38526M106 217 5,000 SH   SOLE   5,000 0 0
GRAPHIC PACKAGING HLDGCO CMN Common Stock 388689101 397 27,286 SH   SOLE   27,286 0 0
H & R BLOCK INC. CMN Common Stock 093671105 641 20,000 SH   SOLE   20,000 0 0
H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 500 20,000 SH   SOLE   20,000 0 0
HALLIBURTON COMPANY CMN Common Stock 406216101 1,536 35,000 SH   SOLE   35,000 0 0
HANMI FINANCIAL CORPORATION CMN Common Stock 410495204 1,586 75,000 SH   SOLE   75,000 0 0
HARDINGE INC. COMMON STOCK Common Stock 412324303 812 70,000 SH   SOLE   70,000 0 0
HARVARD BIOSCIENCE INC CMN Common Stock 416906105 116 20,000 SH   SOLE   20,000 0 0
HAWTHORN BANCSHARES INC CMN Common Stock 420476103 373 27,873 SH   SOLE   27,873 0 0
HCA HOLDINGS, INC. CMN Common Stock 40412C101 5,642 75,000 SH   SOLE   75,000 0 0
HEALTH NET, INC. CMN Common Stock 42222G108 2,420 40,000 SH   SOLE   40,000 0 0
HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 325 15,000 SH   SOLE   15,000 0 0
HOLLYFRONTIER CORP CMN Common Stock 436106108 814 20,214 SH   SOLE   20,214 0 0
HOLLYWOOD MEDIA CORP. CMN Common Stock 436233100 169 241,949 SH   SOLE   241,949 0 0
HOOPER HOLMES INC CMN Common Stock 439104100 310 596,395 SH   SOLE   596,395 0 0
HORACE MANN EDUCATORS CORP CMN Common Stock 440327104 342 10,000 SH   SOLE   10,000 0 0
HORMEL FOODS CORP CMN Common Stock 440452100 569 10,000 SH   SOLE   10,000 0 0
HRG GROUP INC CMN Common Stock 40434J100 2,592 207,700 SH   SOLE   207,700 0 0
HUBBELL INCORPORATED CLASS B CMN CLASS B Common Stock 443510201 493 4,500 SH   SOLE   4,500 0 0
HUDSON GLOBAL, INC. CMN Common Stock 443787106 41 15,000 SH   SOLE   15,000 0 0
HUNTINGTON BANCSHARES INCORPOR*ATED CMN Common Stock 446150104 1,576 142,600 SH   SOLE   142,600 0 0
HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 1,614 566,276 SH   SOLE   566,276 0 0
INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 204 15,000 SH   SOLE   15,000 0 0
INDEPENDENT BANK CORP MASS CMN Common Stock 453836108 1,316 30,000 SH   SOLE   30,000 0 0
INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 2,732 1,008,255 SH   SOLE   1,008,255 0 0
INSTEEL INDUSTRIES INC CMN Common Stock 45774W108 216 10,000 SH   SOLE   10,000 0 0
INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 264 30,000 SH   SOLE   30,000 0 0
INTERTAPE POLYMER GROUP INC CMN Common Stock 460919103 969 69,980 SH   SOLE   69,980 0 0
INVESTORS TITLE CO CMN Common Stock 461804106 296 4,000 SH   SOLE   4,000 0 0
ISHARES CORE S&P 500 ETF CMN ETP 464287200 7,752 37,300 SH   SOLE   37,300 0 0
ISHARES MSCI EMERGING MKTS ETF ETP 464287234 3,588 89,400 SH   SOLE   89,400 0 0
JARDEN CORPORATION CMN Common Stock 471109108 238 4,500 SH   SOLE   4,500 0 0
JONES LANG LASALLE INC CMN Common Stock 48020Q107 1,278 7,500 SH   SOLE   7,500 0 0
JOURNAL COMMUNICATIONS, INC. CMN CLASS A Common Stock 481130102 296 20,000 SH   SOLE   20,000 0 0
JPMORGAN CHASE & CO CMN Common Stock 46625H100 3,090 51,000 SH   SOLE   51,000 0 0
JPS INDUSTRIES, INC. CMN Common Stock 46624E405 2,019 202,103 SH   SOLE   202,103 0 0
KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 1,156 66,280 SH   SOLE   66,280 0 0
KRAFT FOODS GROUP, INC. CMN Common Stock 50076Q106 1,742 20,000 SH   SOLE   20,000 0 0
KROGER COMPANY CMN Common Stock 501044101 1,150 15,000 SH   SOLE   15,000 0 0
LANNETT COMPANY, INC. CMN Common Stock 516012101 2,708 40,000 SH   SOLE   40,000 0 0
LEAR CORPORATION CMN Common Stock 521865204 1,279 11,537 SH   SOLE   11,537 0 0
LEE ENTERPRISES INC CMN Common Stock 523768109 32 10,000 SH   SOLE   10,000 0 0
LIBBEY INC. CMN Common Stock 529898108 399 10,000 SH   SOLE   10,000 0 0
LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 293 128,645 SH   SOLE   128,645 0 0
LIQUIDITY SERVICES INC CMN Common Stock 53635B107 124 12,600 SH   SOLE   12,600 0 0
LKQ CORPORATION CMN Common Stock 501889208 2,556 100,000 SH   SOLE   100,000 0 0
LSI INDUSTRIES INC CMN Common Stock 50216C108 360 44,231 SH   SOLE   44,231 0 0
LUCAS ENERGY, INC. CMN Common Stock 549333201 143 682,280 SH   SOLE   682,280 0 0
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A Common Stock N53745100 1,756 20,000 SH   SOLE   20,000 0 0
MANPOWER GROUP CMN Common Stock 56418H100 258 3,000 SH   SOLE   3,000 0 0
MARSH & MCLENNAN CO INC CMN Common Stock 571748102 1,122 20,000 SH   SOLE   20,000 0 0
MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 6,134 71,000 SH   SOLE   71,000 0 0
MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 5,170 50,000 SH   SOLE   50,000 0 0
MCKESSON CORPORATION CMN Common Stock 58155Q103 339 1,500 SH   SOLE   1,500 0 0
MDU RESOURCES GROUP INC CMN Common Stock 552690109 534 25,000 SH   SOLE   25,000 0 0
MEDNAX INC CMN Common Stock 58502B106 522 7,200 SH   SOLE   7,200 0 0
MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 4,698 90,000 SH   SOLE   90,000 0 0
MFRI INC CMN Common Stock 552721102 112 17,926 SH   SOLE   17,926 0 0
MICROSOFT CORPORATION CMN Common Stock 594918104 275 6,760 SH   SOLE   6,760 0 0
MICROSTRATEGY INCORPORATED CMN CLASS A Common Stock 594972408 423 2,500 SH   SOLE   2,500 0 0
MONDELEZ INTERNATIONAL, INC. CMN Common Stock 609207105 2,173 60,198 SH   SOLE   60,198 0 0
MONSTER WORLDWIDE INC. CMN Common Stock 611742107 4,311 680,000 SH   SOLE   680,000 0 0
MORGAN STANLEY CMN Common Stock 617446448 22,306 625,000 SH   SOLE   625,000 0 0
MOVADO GROUP INC CMN Common Stock 624580106 285 10,000 SH   SOLE   10,000 0 0
MSCI INC. CMN Common Stock 55354G100 1,226 20,000 SH   SOLE   20,000 0 0
MUELLER WATER PRODUCTS, INC. CMN SERIES A Common Stock 624758108 1,338 135,855 SH   SOLE   135,855 0 0
NASDAQ OMX GROUP, INC. CMN Common Stock 631103108 509 10,000 SH   SOLE   10,000 0 0
NATHANS FAMOUS INC CMN Common Stock 632347100 379 7,000 SH   SOLE   7,000 0 0
NATL WESTN LIFE INS CO CL-A CMN CLASS A Common Stock 638522102 381 1,500 SH   SOLE   1,500 0 0
NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 518 30,000 SH   SOLE   30,000 0 0
NEW HAMPSHIRE THRIFT BANCSHARES INC Common Stock 644722100 2,867 183,765 SH   SOLE   183,765 0 0
NN INC CMN Common Stock 629337106 251 10,000 SH   SOLE   10,000 0 0
NORANDA ALUMINUM HOLDING CORP CMN Common Stock 65542W107 59 20,000 SH   SOLE   20,000 0 0
NORTHERN TRUST CORP CMN Common Stock 665859104 481 6,900 SH   SOLE   6,900 0 0
OAKTREE CAPITAL GROUP, LLC CMN MLP 674001201 517 10,000 SH   SOLE   10,000 0 0
OMNICOM GROUP CMN Common Stock 681919106 780 10,000 SH   SOLE   10,000 0 0
OPTICAL CABLE CORP CMN Common Stock 683827208 126 32,496 SH   SOLE   324,956 0 0
PAPA JOHN'S INTERNATIONAL INC. CMN Common Stock 698813102 247 4,000 SH   SOLE   4,000 0 0
PAR TECHNOLOGY CORP CMN Common Stock 698884103 160 38,085 SH   SOLE   38,085 0 0
PARKWAY PROPERTIES INC MD CMN REIT 70159Q104 995 57,330 SH   SOLE   57,330 0 0
PARTNERRE LTD BERMUDA CMN Common Stock G6852T105 3,796 33,200 SH   SOLE   33,200 0 0
PATTERSON-UTI ENERGY, INC. ORD CMN Common Stock 703481101 751 40,000 SH   SOLE   40,000 0 0
PENTAIR PLC. CMN Common Stock H6169Q108 377 6,000 SH   SOLE   6,000 0 0
PEP BOYS MANNY-MOE &JACK CMN Common Stock 713278109 150 15,548 SH   SOLE   15,548 0 0
PEPSICO INC CMN Common Stock 713448108 19,124 200,000 SH   SOLE   200,000 0 0
PERCEPTRON INC CMN Common Stock 71361F100 1,028 76,103 SH   SOLE   76,103 0 0
PERFECT WORLD CO., LTD. SPONSORED ADR CMN ADR 71372U104 1,020 54,900 SH   SOLE   54,900 0 0
PGT INC CMN Common Stock 69336V101 726 65,000 SH   SOLE   65,000 0 0
PHH CORPORATION CMN Common Stock 693320202 3,626 150,000 SH   SOLE   150,000 0 0
PHILIP MORRIS INTL INC CMN Common Stock 718172109 452 6,000 SH   SOLE   6,000 0 0
PHILLIPS 66 CMN Common Stock 718546104 3,930 50,000 SH   SOLE   50,000 0 0
PHOENIX COMPANIES INC. (THE) CMN Common Stock 71902E604 5,077 101,557 SH   SOLE   101,557 0 0
PLANET PAYMENT INC CMN Common Stock U72603118 166 87,603 SH   SOLE   87,603 0 0
PNC FINANCIAL SERVICES GROUP CMN Common Stock 693475105 1,399 15,000 SH   SOLE   15,000 0 0
PPG INDUSTRIES, INC. CMN Common Stock 693506107 2,481 11,000 SH   SOLE   11,000 0 0
PRICESMART INC CMN Common Stock 741511109 212 2,500 SH   SOLE   2,500 0 0
PRIMEENERGY CORP CMN Common Stock 74158E104 300 5,615 SH   SOLE   5,615 0 0
PSYCHEMEDICS CORPORATION CMN Common Stock 744375205 1,302 78,495 SH   SOLE   78,495 0 0
PULTEGROUP INC. CMN Common Stock 745867101 1,112 50,000 SH   SOLE   50,000 0 0
QC HOLDINGS, INC. CMN Common Stock 74729T101 39 18,015 SH   SOLE   18,015 0 0
R R DONNELLEY & SONS CO CMN Common Stock 257867101 192 10,000 SH   SOLE   10,000 0 0
RAIT FINANCIAL TRUST CMN REIT 749227609 206 30,000 SH   SOLE   30,000 0 0
RCM TECHNOLOGIES INC CMN Common Stock 749360400 134 20,000 SH   SOLE   20,000 0 0
REALOGY HLDGS CORP CMN Common Stock 75605Y106 3,397 74,700 SH   SOLE   74,700 0 0
RENAISSANCE RE HOLDINGS LTD CMN Common Stock G7496G103 3,362 33,708 SH   SOLE   33,708 0 0
RENT-A-CENTER INC CMN Common Stock 76009N100 274 10,000 SH   SOLE   10,000 0 0
RESOURCE AMERICA INC CL-A CMN CLASS A Common Stock 761195205 558 61,273 SH   SOLE   61,273 0 0
ROCKWELL AUTOMATION INC CMN Common Stock 773903109 348 3,000 SH   SOLE   3,000 0 0
RPM INTERNATIONAL INC CMN Common Stock 749685103 1,200 25,000 SH   SOLE   25,000 0 0
SALEM COMMUNICATIONS CORP DEL CMN CLASS A Common Stock 794093104 123 20,045 SH   SOLE   20,045 0 0
SANMINA-SCI CORPORATION CMN Common Stock 801056102 242 10,000 SH   SOLE   10,000 0 0
SCHOOL SPECIALTY, INC. CMN Common Stock 807864103 2,200 22,221 SH   SOLE   22,221 0 0
SEAGATE TECHNOLOGY PLC CMN Common Stock G7945M107 2,341 45,000 SH   SOLE   45,000 0 0
SED INTERNATIONAL HLDGS INC CMN Common Stock 784109209 1 10,000 SH   SOLE   10,000 0 0
SERVICE CORP INTERNATL CMN Common Stock 817565104 521 20,000 SH   SOLE   20,000 0 0
SIGA TECHNOLOGIES, INC. CMN Common Stock 826917106 177 91,377 SH   SOLE   91,377 0 0
SINCLAIR BROADCAST GROUP INC CMN CLASS A Common Stock 829226109 314 10,000 SH   SOLE   10,000 0 0
SL INDS INC CMN Common Stock 784413106 3,562 83,316 SH   SOLE   83,316 0 0
SPAR GROUP INC CMN Common Stock 784933103 1,325 907,290 SH   SOLE   907,290 0 0
SPARTAN MOTORS INC. CMN Common Stock 846819100 74 15,314 SH   SOLE   15,314 0 0
SPDR S&P 500 ETF TRUST ETP 78462F103 32,678 158,300 SH   SOLE   158,300 0 0
SPOK HOLDINGS INCORPORATED CMN Common Stock 84863T106 383 20,000 SH   SOLE   20,000 0 0
SPORTSMANS WHSE HLDGS INC CMN Common Stock 84920Y106 110 13,730 SH   SOLE   13,730 0 0
STANLEY FURNITURE INC (NEW) CMN Common Stock 854305208 32 10,000 SH   SOLE   10,000 0 0
STARTEK, INC. CMN Common Stock 85569C107 386 51,323 SH   SOLE   51,323 0 0
STATE STREET CORPORATION (NEW) CMN Common Stock 857477103 7,353 100,000 SH   SOLE   100,000 0 0
STEELCASE INC. CLASS A COMMON STOCK Common Stock 858155203 284 15,000 SH   SOLE   15,000 0 0
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