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 213 20,485 SH   SOLE   20,485 0 0
ABBOTT LABORATORIES CMN Common Stock 002824100 675 15,000 SH   SOLE   15,000 0 0
ACI WORLDWIDE INC CMN Common Stock 004498101 242 12,000 SH   SOLE   12,000 0 0
ACTIONS SEMICONDUCTOR CO., LTD*. ADR CMN ADR 00507E107 491 253,013 SH   SOLE   253,013 0 0
AEP INDUSTRIES INC CMN Common Stock 001031103 2,152 37,000 SH   SOLE   37,000 0 0
AETNA INC CMN Common Stock 00817Y108 444 5,000 SH   SOLE   5,000 0 0
AGILYSYS INC CMN Common Stock 00847J105 283 22,505 SH   SOLE   22,505 0 0
ALLIANCEBERNSTEIN HOLDING LP CMN MLP 01881G106 775 30,000 SH   SOLE   30,000 0 0
AMERCO CMN Common Stock 023586100 796 2,800 SH   SOLE   2,800 0 0
AMERICAN EXPRESS CO. CMN Common Stock 025816109 1,396 15,000 SH   SOLE   15,000 0 0
AMERICAN INTL GROUP, INC. CMN Common Stock 026874784 3,417 61,000 SH   SOLE   61,000 0 0
AMERICAN TOWER CORPORATION CMN REIT 03027X100 1,977 20,000 SH   SOLE   20,000 0 0
AMKOR TECHNOLOGIES INC CMN Common Stock 031652100 83 11,699 SH   SOLE   11,699 0 0
AON PLC CMN Common Stock G0408V102 284 3,000 SH   SOLE   3,000 0 0
APOGEE ENTERPRISES INC CMN Common Stock 037598109 212 5,000 SH   SOLE   5,000 0 0
APOLLO EDUCATION GROUP, INC CMN CLASS A Common Stock 037604105 515 15,100 SH   SOLE   15,100 0 0
APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A MLP 037612306 236 10,000 SH   SOLE   10,000 0 0
ARLINGTON ASSET INVESTMENT COR*P CMN CLASS A Common Stock 041356205 213 8,001 SH   SOLE   8,001 0 0
ARROW ELECTRONICS INC. CMN Common Stock 042735100 579 10,000 SH   SOLE   10,000 0 0
ASPEN INSURANCE HOLDINGS LTD CMN Common Stock G05384105 1,751 40,000 SH   SOLE   40,000 0 0
ASTA FUNDING INC CMN Common Stock 046220109 1,750 200,000 SH   SOLE   200,000 0 0
AUTODESK INC CMN Common Stock 052769106 601 10,000 SH   SOLE   10,000 0 0
AVID TECHNOLOGY, INC. CMN Common Stock 05367P100 553 38,906 SH   SOLE   38,906 0 0
AVNET INC. CMN Common Stock 053807103 645 15,000 SH   SOLE   15,000 0 0
AXIS CAPITAL HOLDINGS, LTD. CMN Common Stock G0692U109 255 5,000 SH   SOLE   5,000 0 0
BAKER HUGHES INC CMN Common Stock 057224107 561 10,000 SH   SOLE   10,000 0 0
BALTIC TRADING LTD CMN Common Stock Y0553W103 152 60,411 SH   SOLE   60,411 0 0
BANK OF AMERICA CORP CMN Common Stock 060505104 13,596 760,000 SH   SOLE   760,000 0 0
BANK OF MARIN BANCORP CMN Common Stock 063425102 265 5,046 SH   SOLE   5,046 0 0
BEASLEY BROADCAST GROUP INC CMN CLASS A Common Stock 074014101 166 32,469 SH   SOLE   32,469 0 0
BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 273 10,000 SH   SOLE   10,000 0 0
BENCHMARK ELECTRONICS INC CMN Common Stock 08160H101 254 10,000 SH   SOLE   10,000 0 0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A Common Stock 084670108 48,590 215 SH   SOLE   215 0 0
BLYTH, INC. CMN Common Stock 09643P207 2,148 234,700 SH   SOLE   234,700 0 0
BROADWIND ENERGY INC. CMN Common Stock 11161T207 743 137,894 SH   SOLE   137,894 0 0
BRUNSWICK CORP. CMN Common Stock 117043109 256 5,000 SH   SOLE   5,000 0 0
C D I CORP CMN Common Stock 125071100 624 35,229 SH   SOLE   35,229 0 0
CAMBREX CORPORATION CMN Common Stock 132011107 216 10,000 SH   SOLE   10,000 0 0
CAMPBELL SOUP CO CMN Common Stock 134429109 440 10,000 SH   SOLE   10,000 0 0
CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 1,651 20,000 SH   SOLE   20,000 0 0
CAREER EDUCATION CORP CMN Common Stock 141665109 670 96,317 SH   SOLE   96,317 0 0
CARRIAGE SERVICES, INC. CMN Common Stock 143905107 3,783 180,557 SH   SOLE   180,557 0 0
CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 1,656 217,000 SH   SOLE   217,000 0 0
CECO ENVIRONMENTAL CORP CMN Common Stock 125141101 735 47,293 SH   SOLE   47,293 0 0
CENTRAL GARDEN & PET CO CMN Common Stock 153527106 693 78,967 SH   SOLE   78,967 0 0
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES Common Stock 153527205 313 32,764 SH   SOLE   32,764 0 0
CENTURY BANCORP INC CL-A NON VTG CLASS A Common Stock 156432106 200 5,000 SH   SOLE   5,000 0 0
CENTURY CASINOS INC CMN Common Stock 156492100 505 100,000 SH   SOLE   100,000 0 0
CF INDUSTRIES HOLDINGS, INC. CMN Common Stock 125269100 545 2,000 SH   SOLE   2,000 0 0
CITIGROUP, INC. Common Stock 172967424 90 1,838 SH Put SOLE   1,838 0 0
CNINSURE INC. SPONSORED ADR CMN ADR 18976M103 690 104,102 SH   SOLE   104,102 0 0
CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 4,563 265,000 SH   SOLE   265,000 0 0
COCA-COLA COMPANY (THE) CMN Common Stock 191216100 1,604 38,000 SH   SOLE   38,000 0 0
COGENT COMMUNICATIONS HLDGS CMN Common Stock 19239V302 708 20,000 SH   SOLE   20,000 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A Common Stock 192446102 2,159 41,000 SH   SOLE   41,000 0 0
COMMUNITY HEALTH SYS INC CMN Common Stock 203668108 755 14,000 SH   SOLE   14,000 0 0
CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 402 26,190 SH   SOLE   26,190 0 0
COWEN GROUP, INC. CMN Common Stock 223622101 628 130,734 SH   SOLE   130,734 0 0
CROCS, INC. CMN Common Stock 227046109 344 27,550 SH   SOLE   27,550 0 0
CSG SYSTEMS INTL INC CMN Common Stock 126349109 753 30,032 SH   SOLE   30,032 0 0
CULP INC CMN Common Stock 230215105 217 10,000 SH   SOLE   10,000 0 0
CVS HEALTH CORP CMN Common Stock 126650100 4,816 50,000 SH   SOLE   50,000 0 0
DANA HOLDING CORPORATION CMN Common Stock 235825205 652 30,000 SH   SOLE   30,000 0 0
DATALINK CORP CMN Common Stock 237934104 129 10,000 SH   SOLE   10,000 0 0
DELUXE CORP CMN Common Stock 248019101 623 10,000 SH   SOLE   10,000 0 0
DESWELL INDUSTRIES INC CMN Common Stock 250639101 90 50,000 SH   SOLE   50,000 0 0
DEX MEDIA, INC. FRACTIONAL CUSIP Common Stock 25213A107 0 20,000 SH   SOLE   20,000 0 0
DGT HLDGS CORP CMN Common Stock 23328R206 262 20,000 SH   SOLE   20,000 0 0
DHT HOLDINGS INC CMN Common Stock Y2065G121 664 90,835 SH   SOLE   90,835 0 0
DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 989 15,100 SH   SOLE   15,100 0 0
DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 243 292,430 SH   SOLE   292,430 0 0
DOVER MOTORSPORTS INC CMN Common Stock 260174107 195 74,663 SH   SOLE   74,663 0 0
DOVER SADDLERY, INC. CMN Common Stock 260412101 186 38,335 SH   SOLE   38,335 0 0
DST SYSTEM INC COMMON STOCK Common Stock 233326107 847 9,000 SH   SOLE   9,000 0 0
E*TRADE FINANCIAL CORPORATION CMN Common Stock 269246401 243 10,000 SH   SOLE   10,000 0 0
EASTERN VA BANKSHARES INC CMN Common Stock 277196101 244 37,642 SH   SOLE   37,642 0 0
EBAY INC. CMN Common Stock 278642103 2,300 40,979 SH   SOLE   40,979 0 0
EDCI HLDGS INC CMN Common Stock 268315207 157 174,500 SH   SOLE   174,500 0 0
ENCORE CAPITAL GROUP INC CMN Common Stock 292554102 266 6,000 SH   SOLE   6,000 0 0
ENDURANCE SPECIALTY HLDGS LTD CMN Common Stock G30397106 1,496 25,000 SH   SOLE   25,000 0 0
ENGLOBAL CORPORATION CMN Common Stock 293306106 301 158,168 SH   SOLE   158,168 0 0
ENTEGRIS, INC. CMN Common Stock 29362U104 132 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 3,246 500,977 SH   SOLE   500,977 0 0
EQUIFAX INC CMN Common Stock 294429105 809 10,000 SH   SOLE   10,000 0 0
EVEREST RE GROUP LTD CMN Common Stock G3223R108 852 5,000 SH   SOLE   5,000 0 0
FACEBOOK, INC. CMN CLASS A Common Stock 30303M102 7,701 98,700 SH   SOLE   98,700 0 0
FAIR ISAAC INC CMN Common Stock 303250104 1,446 20,000 SH   SOLE   20,000 0 0
FANNIE MAE COMMON STOCK CMN Common Stock 313586109 82 40,000 SH   SOLE   40,000 0 0
FEDERATED NATL HLDG CO CMN Common Stock 31422T101 604 25,000 SH   SOLE   25,000 0 0
FIESTA RESTAURANT GROUP, INC. CMN Common Stock 31660B101 9,120 150,000 SH   SOLE   150,000 0 0
FINANCIAL SELECT SECTOR SPDR ETF ETP 81369Y605 0 200 SH Put SOLE   200 0 0
FIRST CMNTY CORP S C CMN Common Stock 319835104 792 70,000 SH   SOLE   70,000 0 0
FIRST OF LONG ISLAND CORP CMN Common Stock 320734106 298 10,500 SH   SOLE   10,500 0 0
FIRSTMERIT CORP CMN Common Stock 337915102 2,164 114,533 SH   SOLE   114,533 0 0
FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 686 165,300 SH   SOLE   165,300 0 0
FLAGSTAR BANCORP, INC. CMN Common Stock 337930705 236 15,000 SH   SOLE   15,000 0 0
FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 1,774 55,000 SH   SOLE   55,000 0 0
FLIR SYSTEMS INC CMN Common Stock 302445101 646 20,000 SH   SOLE   20,000 0 0
FLUSHING FINANCIAL CORPORATION CMN Common Stock 343873105 223 10,983 SH   SOLE   10,983 0 0
FOSTER WHEELER AG CMN Common Stock H27178104 330 12,000 SH   SOLE   12,000 0 0
FREDDIE MAC CMN Common Stock 313400301 206 100,000 SH   SOLE   100,000 0 0
FTD COMPANIES, INC. CMN Common Stock 30281V108 1,393 40,000 SH   SOLE   40,000 0 0
GANNETT CO.INC. CMN Common Stock 364730101 1,597 50,000 SH   SOLE   50,000 0 0
GENCOR INDUSTRIES INC CMN Common Stock 368678108 571 60,758 SH   SOLE   60,758 0 0
GENERAL CABLE CORP CMN Common Stock 369300108 390 26,200 SH   SOLE   26,200 0 0
GENERAL MOTORS COMPANY CMN Common Stock 37045V100 209 6,000 SH   SOLE   6,000 0 0
GENERAL MOTORS COMPANY CMN Common Stock 37045V100 27 1,020 SH Put SOLE   1,020 0 0
GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 2,276 140,000 SH   SOLE   140,000 0 0
GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 4,555 23,500 SH   SOLE   23,500 0 0
GOOGLE INC. CMN CLASS A Common Stock 38259P508 1,327 2,500 SH   SOLE   2,500 0 0
GOOGLE INC. CMN CLASS C Common Stock 38259P706 1,842 3,500 SH   SOLE   3,500 0 0
GORDMANS STORES, INC. CMN Common Stock 38269P100 90 33,068 SH   SOLE   33,068 0 0
GRAND CANYON EDUCATION, INC. CMN Common Stock 38526M106 233 5,000 SH   SOLE   5,000 0 0
GRAPHIC PACKAGING HLDGCO CMN Common Stock 388689101 372 27,286 SH   SOLE   27,286 0 0
H & R BLOCK INC. CMN Common Stock 093671105 674 20,000 SH   SOLE   20,000 0 0
H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 562 20,000 SH   SOLE   20,000 0 0
HANMI FINANCIAL CORPORATION CMN Common Stock 410495204 1,636 75,000 SH   SOLE   75,000 0 0
HARBINGER GROUP INC CMN Common Stock 41146A106 2,941 207,700 SH   SOLE   207,700 0 0
HARDINGE INC. COMMON STOCK Common Stock 412324303 834 70,000 SH   SOLE   70,000 0 0
HARVARD BIOSCIENCE INC CMN Common Stock 416906105 113 20,000 SH   SOLE   20,000 0 0
HAWTHORN BANCSHARES INC CMN Common Stock 420476103 397 27,873 SH   SOLE   27,873 0 0
HCA HOLDINGS, INC. CMN Common Stock 40412C101 5,504 75,000 SH   SOLE   75,000 0 0
HEALTH NET, INC. CMN Common Stock 42222G108 2,141 40,000 SH   SOLE   40,000 0 0
HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 374 15,000 SH   SOLE   15,000 0 0
HOLLYFRONTIER CORP CMN Common Stock 436106108 758 20,214 SH   SOLE   20,214 0 0
HOLLYWOOD MEDIA CORP. CMN Common Stock 436233100 240 241,949 SH   SOLE   241,949 0 0
HONDA MTR LTD (AMER SHS) ADR CMN ADR 438128308 378 12,800 SH   SOLE   12,800 0 0
HOOPER HOLMES INC CMN Common Stock 439104100 307 596,395 SH   SOLE   596,395 0 0
HORACE MANN EDUCATORS CORP CMN Common Stock 440327104 332 10,000 SH   SOLE   10,000 0 0
HORMEL FOODS CORP CMN Common Stock 440452100 521 10,000 SH   SOLE   10,000 0 0
HUBBELL INCORPORATED CLASS B CMN CLASS B Common Stock 443510201 481 4,500 SH   SOLE   4,500 0 0
HUDSON GLOBAL, INC. CMN Common Stock 443787106 78 25,100 SH   SOLE   25,100 0 0
HUNTINGTON BANCSHARES INCORPOR*ATED CMN Common Stock 446150104 1,500 142,600 SH   SOLE   142,600 0 0
HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 1,897 566,276 SH   SOLE   566,276 0 0
INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 209 15,000 SH   SOLE   15,000 0 0
INDEPENDENT BANK CORP MASS CMN Common Stock 453836108 1,284 30,000 SH   SOLE   30,000 0 0
INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 3,176 1,008,255 SH   SOLE   1,008,255 0 0
INSTEEL INDUSTRIES INC CMN Common Stock 45774W108 2,358 100,000 SH   SOLE   100,000 0 0
INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 230 30,000 SH   SOLE   30,000 0 0
INTERTAPE POLYMER GROUP INC CMN Common Stock 460919103 1,121 69,980 SH   SOLE   69,980 0 0
INVESTORS TITLE CO CMN Common Stock 461804106 292 4,000 SH   SOLE   4,000 0 0
ISHARES CORE S&P 500 ETF CMN ETP 464287200 8,875 42,900 SH   SOLE   42,900 0 0
JARDEN CORPORATION CMN Common Stock 471109108 215 4,500 SH   SOLE   4,500 0 0
JONES LANG LASALLE INC CMN Common Stock 48020Q107 1,124 7,500 SH   SOLE   7,500 0 0
JOURNAL COMMUNICATIONS INC CMN CLASS A Common Stock 481130102 229 20,000 SH   SOLE   20,000 0 0
JPMORGAN CHASE & CO CMN Common Stock 46625H100 3,192 51,000 SH   SOLE   51,000 0 0
JPMORGAN CHASE & CO CMN Common Stock 46625H100 5 338 SH Put SOLE   338 0 0
JPS INDUSTRIES, INC. CMN Common Stock 46624E405 1,930 202,103 SH   SOLE   202,103 0 0
KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 1,128 66,280 SH   SOLE   66,280 0 0
KRAFT FOODS GROUP, INC. CMN Common Stock 50076Q106 1,253 20,000 SH   SOLE   20,000 0 0
KROGER COMPANY CMN Common Stock 501044101 963 15,000 SH   SOLE   15,000 0 0
LANNETT COMPANY, INC. CMN Common Stock 516012101 1,715 40,000 SH   SOLE   40,000 0 0
LEAR CORPORATION CMN Common Stock 521865204 1,132 11,537 SH   SOLE   11,537 0 0
LEE ENTERPRISES INC CMN Common Stock 523768109 37 10,000 SH   SOLE   10,000 0 0
LIBBEY INC. CMN Common Stock 529898108 314 10,000 SH   SOLE   10,000 0 0
LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 138 49,145 SH   SOLE   49,145 0 0
LKQ CORPORATION CMN Common Stock 501889208 2,812 100,000 SH   SOLE   100,000 0 0
LSI INDUSTRIES INC CMN Common Stock 50216C108 300 44,231 SH   SOLE   44,231 0 0
LUCAS ENERGY, INC. CMN Common Stock 549333201 84 682,280 SH   SOLE   682,280 0 0
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A Common Stock N53745100 1,588 20,000 SH   SOLE   20,000 0 0
MANPOWER GROUP CMN Common Stock 56418H100 205 3,000 SH   SOLE   3,000 0 0
MARSH & MCLENNAN CO INC CMN Common Stock 571748102 859 15,000 SH   SOLE   15,000 0 0
MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 5,600 65,000 SH   SOLE   65,000 0 0
MATTEL, INC. Common Stock 577081102 51 100 SH Put SOLE   100 0 0
MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 4,449 50,000 SH   SOLE   50,000 0 0
MCKESSON CORPORATION CMN Common Stock 58155Q103 311 1,500 SH   SOLE   1,500 0 0
MEDNAX INC CMN Common Stock 58502B106 476 7,200 SH   SOLE   7,200 0 0
MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 3,974 90,000 SH   SOLE   90,000 0 0
MERCK & CO., INC. CMN Common Stock 58933Y105 568 10,000 SH   SOLE   10,000 0 0
MFRI INC CMN Common Stock 552721102 152 21,680 SH   SOLE   21,680 0 0
MICROFINANCIAL INCORPORATED CMN Common Stock 595072109 1,021 100,000 SH   SOLE   100,000 0 0
MICROSOFT CORPORATION CMN Common Stock 594918104 291 6,260 SH   SOLE   6,260 0 0
MICROSTRATEGY INCORPORATED CMN CLASS A Common Stock 594972408 406 2,500 SH   SOLE   2,500 0 0
MONDELEZ INTERNATIONAL, INC. CMN Common Stock 609207105 2,180 60,000 SH   SOLE   60,000 0 0
MORGAN STANLEY CMN Common Stock 617446448 24,250 625,000 SH   SOLE   625,000 0 0
MORGAN STANLEY CMN Common Stock 617446448 1 216 SH Put SOLE   216 0 0
MOVADO GROUP INC CMN Common Stock 624580106 284 10,000 SH   SOLE   10,000 0 0
MSCI INC. CMN Common Stock 55354G100 949 20,000 SH   SOLE   20,000 0 0
MUELLER WATER PRODUCTS, INC. CMN SERIES A Common Stock 624758108 1,391 135,855 SH   SOLE   135,855 0 0
NASDAQ OMX GROUP, INC. CMN Common Stock 631103108 480 10,000 SH   SOLE   10,000 0 0
NATHANS FAMOUS INC CMN Common Stock 632347100 560 7,000 SH   SOLE   7,000 0 0
NATL WESTN LIFE INS CO CL-A CMN CLASS A Common Stock 638522102 404 1,500 SH   SOLE   1,500 0 0
NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 556 30,000 SH   SOLE   30,000 0 0
NEW HAMPSHIRE THRIFT BANCSHARES INC Common Stock 644722100 2,870 183,765 SH   SOLE   183,765 0 0
NN INC CMN Common Stock 629337106 206 10,000 SH   SOLE   10,000 0 0
NORANDA ALUMINUM HOLDING CORP CMN Common Stock 65542W107 762 216,354 SH   SOLE   216,354 0 0
NORTHERN TRUST CORP CMN Common Stock 665859104 465 6,900 SH   SOLE   6,900 0 0
OAKTREE CAPITAL GROUP, LLC CMN MLP 674001201 518 10,000 SH   SOLE   10,000 0 0
OMNICOM GROUP CMN Common Stock 681919106 775 10,000 SH   SOLE   10,000 0 0
ON SEMICONDUCTOR CORP CMN Common Stock 682189105 123 12,105 SH   SOLE   12,105 0 0
OPTICAL CABLE CORP CMN Common Stock 683827208 147 32,496 SH   SOLE   32,496 0 0
PAPA JOHN'S INTERNATIONAL INC. CMN Common Stock 698813102 223 4,000 SH   SOLE   4,000 0 0
PAR TECHNOLOGY CORP CMN Common Stock 698884103 234 38,085 SH   SOLE   38,085 0 0
PARKWAY PROPERTIES INC MD CMN REIT 70159Q104 1,054 57,330 SH   SOLE   57,330 0 0
PARTNERRE LTD BERMUDA CMN Common Stock G6852T105 3,789 33,200 SH   SOLE   33,200 0 0
PATTERSON-UTI ENERGY, INC. ORD CMN Common Stock 703481101 664 40,000 SH   SOLE   40,000 0 0
PENTAIR PLC. CMN Common Stock H6169Q108 399 6,000 SH   SOLE   6,000 0 0
PEP BOYS MANNY-MOE &JACK CMN Common Stock 713278109 122 12,445 SH   SOLE   12,445 0 0
PEPSICO INC CMN Common Stock 713448108 20,274 214,400 SH   SOLE   214,400 0 0
PERCEPTRON INC CMN Common Stock 71361F100 757 76,103 SH   SOLE   76,103 0 0
PERFECT WORLD CO., LTD. SPONSORED ADR CMN ADR 71372U104 865 54,900 SH   SOLE   54,900 0 0
PFIZER INC. CMN Common Stock 717081103 467 15,000 SH   SOLE   15,000 0 0
PGT INC CMN Common Stock 69336V101 626 65,000 SH   SOLE   65,000 0 0
PHH CORPORATION CMN Common Stock 693320202 3,594 150,000 SH   SOLE   150,000 0 0
PHILIP MORRIS INTL INC CMN Common Stock 718172109 489 6,000 SH   SOLE   6,000 0 0
PHILLIPS 66 CMN Common Stock 718546104 4,302 60,000 SH   SOLE   60,000 0 0
PHOENIX COMPANIES INC. (THE) CMN Common Stock 71902E604 7,655 111,157 SH   SOLE   111,157 0 0
PLATINUM UNDERWRITERS HLDGS CMN Common Stock G7127P100 9,963 135,700 SH   SOLE   135,700 0 0
PNC FINANCIAL SERVICES GROUP CMN Common Stock 693475105 1,368 15,000 SH   SOLE   15,000 0 0
PPG INDUSTRIES, INC. CMN Common Stock 693506107 2,543 11,000 SH   SOLE   11,000 0 0
PRICESMART INC CMN Common Stock 741511109 228 2,500 SH   SOLE   2,500 0 0
PRIMEENERGY CORP CMN Common Stock 74158E104 408 5,615 SH   SOLE   5,615 0 0
PSYCHEMEDICS CORPORATION CMN Common Stock 744375205 1,189 78,495 SH   SOLE   78,495 0 0
PULTEGROUP INC. CMN Common Stock 745867101 1,073 50,000 SH   SOLE   50,000 0 0
QC HOLDINGS, INC. CMN Common Stock 74729T101 30 18,015 SH   SOLE   18,015 0 0
R R DONNELLEY & SONS CO CMN Common Stock 257867101 168 10,000 SH   SOLE   10,000 0 0
RAIT FINANCIAL TRUST CMN REIT 749227609 230 30,000 SH   SOLE   30,000 0 0
RCM TECHNOLOGIES INC CMN Common Stock 749360400 140 20,000 SH   SOLE   20,000 0 0
REALOGY HLDGS CORP CMN Common Stock 75605Y106 3,323 74,700 SH   SOLE   74,700 0 0
RENT-A-CENTER INC CMN Common Stock 76009N100 363 10,000 SH   SOLE   10,000 0 0
RESOURCE AMERICA INC CL-A CMN CLASS A Common Stock 761195205 554 61,273 SH   SOLE   61,273 0 0
ROCKWELL AUTOMATION INC CMN Common Stock 773903109 334 3,000 SH   SOLE   3,000 0 0
RPM INTERNATIONAL INC CMN Common Stock 749685103 1,526 30,100 SH   SOLE   30,100 0 0
SALEM COMMUNICATIONS CL-A CMN CLASS A Common Stock 794093104 157 20,045 SH   SOLE   20,045 0 0
SALIX PHARMACEUTICALS, LTD Common Stock 795435106 157 20,045 SH Put SOLE   20,045 0 0
SANMINA-SCI CORPORATION CMN Common Stock 801056102 235 10,000 SH   SOLE   10,000 0 0
SCHOOL SPECIALTY, INC. CMN Common Stock 807864103 2,489 22,221 SH   SOLE   22,221 0 0
SEAGATE TECHNOLOGY PLC CMN Common Stock G7945M107 333 5,000 SH   SOLE   5,000 0 0
SED INTERNATIONAL HLDGS INC CMN Common Stock 784109209 2 10,000 SH   SOLE   10,000 0 0
SERVICE CORP INTERNATL CMN Common Stock 817565104 454 20,000 SH   SOLE   20,000 0 0
SIGA TECHNOLOGIES, INC. CMN Common Stock 826917106 132 91,377 SH   SOLE   91,377 0 0
SINCLAIR BROADCAST GROUP INC CMN CLASS A Common Stock 829226109 274 10,000 SH   SOLE   10,000 0 0
SL INDS INC CMN Common Stock 784413106 3,249 83,316 SH   SOLE   83,316 0 0
SPAR GROUP INC CMN Common Stock 784933103 1,270 907,290 SH   SOLE   907,290 0 0
SPARTAN MOTORS INC. CMN Common Stock 846819100 55 10,514 SH   SOLE   10,514 0 0
SPDR GOLD TRUST ETF ETP 78463V107 6,014 52,953 SH   SOLE   52,953 0 0
SPDR S&P 500 ETF TRUST ETP 78462F103 32,886 160,000 SH   SOLE   160,000 0 0
SPOK HOLDINGS INCORPORATED CMN Common Stock 84863T106 347 20,000 SH   SOLE   20,000 0 0
SPORTSMANS WHSE HLDGS INC CMN Common Stock 84920Y106 105 14,289 SH   SOLE   14,289 0 0
STANLEY FURNITURE INC (NEW) CMN Common Stock 854305208 27 10,000 SH   SOLE   10,000 0 0
STARTEK, INC. CMN Common Stock 85569C107 500 51,323 SH   SOLE   51,323 0 0
STATE STREET CORPORATION (NEW) CMN Common Stock 857477103 7,850 100,000 SH   SOLE   100,000 0 0
STEELCASE INC. CLASS A COMMON STOCK Common Stock 858155203 269 15,000 SH   SOLE   15,000 0 0
STERLING CONSTRUCTION CO INC CMN Common Stock 859241101 118 18,430 SH   SOLE   18,430 0 0
STEWART INFORMATION SVCS CORP CMN Common Stock 860372101 2,963 80,000 SH   SOLE   80,000 0 0
STRATUS PPTYS INC CMN Common Stock 863167201 1,837 133,131 SH   SOLE   133,131 0 0
SUNTRUST BANKS INC $1.00 PAR CMN Common Stock 867914103 838 20,000 SH   SOLE   20,000 0 0
SUPREME INDUSTRIES INC CMN CLASS A Common Stock 868607102 94 13,287 SH   SOLE   13,287 0 0
SURMODICS INC CMN Common Stock 868873100 221 10,000 SH   SOLE   10,000 0 0
SYMETRA FINANCIAL CORPORATION CMN Common Stock 87151Q106 829 35,952 SH   SOLE   35,952 0 0
SYNERON MEDICAL LTD. CMN Common Stock M87245102 99 10,658 SH   SOLE   10,658 0 0
TECUMSEH PRODUCTS COMPANY CMN Common Stock 878895309 215 69,717 SH   SOLE   69,717 0 0
TEMPUR SEALY INTERNATIONAL INC CMN Common Stock 88023U101 1,098 20,000 SH   SOLE   20,000 0 0
THE BANK OF NY MELLON CORP CMN Common Stock 064058100 4,057 100,000 SH   SOLE   100,000 0 0
TOLL BROTHERS, INC. CMN Common Stock 889478103 4,112 120,000 SH   SOLE   120,000 0 0
TOTAL SYS SVC INC. CMN Common Stock 891906109 340 10,000 SH   SOLE   10,000 0 0
TRINITY BIOTECH PLC SPONSORED ADR CMN ADR 896438306 263 15,000 SH   SOLE   15,000 0 0
TRIPADVISOR, INC. CMN Common Stock 896945201 373 5,000 SH   SOLE   5,000 0 0
TUCOWS, INC. CMN CLASS A Common Stock 898697206 246 12,683 SH   SOLE   12,683 0 0
TYCO INTERNATIONAL PLC CMN Common Stock H89128104 1,097 25,000 SH   SOLE   25,000 0 0
U.S. CONCRETE INC CMN Common Stock 90333L201 1,656 58,211 SH   SOLE   58,211 0 0
U.S. PHYSICAL THERAPY, INC. CMN Common Stock 90337L108 2,937 69,999 SH   SOLE   69,999 0 0
UNILEVER N.V. NY SHS (NEW) ADR CMN NY Reg Shrs 904784709 1,171 30,000 SH   SOLE   30,000 0 0
UNITED BANCSHARES INC OHIO CMN Common Stock 909458101 831 57,500 SH   SOLE   57,500 0 0
UNITED CONTINENTAL HOLDING INC CMN Common Stock 910047109 6,020 90,000 SH   SOLE   90,000 0 0
UNITED CONTINENTAL HOLDING INC CMN Common Stock 910047109 135 98 SH Call SOLE   98 0 0
UNITED ONLINE, INC. CMN Common Stock 911268209 416 28,571 SH   SOLE   28,571 0 0
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK Common Stock 911312106 1,112 10,000 SH   SOLE   10,000 0 0
UNITED RENTALS, INC. CMN Common Stock 911363109 510 5,000 SH   SOLE   5,000 0 0
UNITED TECHNOLOGIES CORP CMN Common Stock 913017109 288 2,500 SH   SOLE   2,500 0 0
UNITEDHEALTH GROUP INCORPORATE*D CMN Common Stock 91324P102 5,560 55,000 SH   SOLE   55,000 0 0
UNIVERSAL HEALTH SVC CL B CMN CLASS B Common Stock 913903100 1,113 10,000 SH   SOLE   10,000 0 0
UNIVERSAL TECHNICAL INSTITUTE CMN Common Stock 913915104 984 100,000 SH   SOLE   100,000 0 0
VALSPAR CORP CMN Common Stock 920355104 865 10,000 SH   SOLE   10,000 0 0
VERINT SYSTEMS INC CMN Common Stock 92343X100 1,166 20,000 SH   SOLE   20,000 0 0
VF CORP CMN Common Stock 918204108 2,397 32,000 SH   SOLE   32,000 0 0
VIAD CORP CMN Common Stock 92552R406 1,066 40,000 SH   SOLE   40,000 0 0
VIEWTRAN GROUP INC CMN Common Stock 0G936W104 138 100,185 SH   SOLE   100,185 0 0
VISA INC. CMN CLASS A Common Stock 92826C839 5,768 22,000 SH   SOLE   22,000 0 0
VONAGE HOLDINGS CORP. CMN Common Stock 92886T201 75 19,675 SH   SOLE   19,675 0 0
W.R. GRACE & CO (NEW) CMN Common Stock 38388F108 2,146 22,500 SH   SOLE   22,500 0 0
WAL MART STORES INC CMN Common Stock 931142103 2,147 25,000 SH   SOLE   25,000 0 0
WALGREENS BOOTS ALLIANCE, INC. CMN Common Stock 931427108 2,286 30,000 SH   SOLE   30,000 0 0
WARREN RESOURCES INC. CMN Common Stock 93564A100 322 200,000 SH   SOLE   200,000 0 0
WAYFAIR INC. CMN Common Stock 94419L101 600 30,247 SH   SOLE   30,247 0 0
WEBCO INDS INC CMN Common Stock 947621207 675 10,707 SH   SOLE   10,707 0 0
WELLCARE HEALTH PLANS INC CMN Common Stock 94946T106 410 5,000 SH   SOLE   5,000 0 0
WILLDAN GROUP INC CMN Common Stock 96924N100 2,698 200,000 SH   SOLE   200,000 0 0
WILLIS LEASE FINANCE CORP CMN Common Stock 970646105 876 40,000 SH   SOLE   40,000 0 0
WORLD FUEL SERVICES CORP CMN Common Stock 981475106 469 10,000 SH   SOLE   10,000 0 0
XEROX CORPORATION CMN Common Stock 984121103 671 48,400 SH   SOLE   48,400 0 0
YAHOO INC CMN Common Stock 984332106 1,515 30,000 SH   SOLE   30,000 0 0
YELP INC. CMN Common Stock 985817105 2,791 51,000 SH   SOLE   51,000 0 0
YPF SOCIEDAD ANONIMA SPONSORED ADR REPSTG CL D ADR 984245100 265 10,000 SH   SOLE   10,000 0 0