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
ACOR 1 3/4 6/15/21 CONVERTIBLE BOND 00484MAA4 380 425,000 PRN   SOLE   425,000 0 0
ADCARE HEALTH SYSTEMS INC COM 00650W300 23 10,000 SH   SOLE   10,000 0 0
ADOBE SYSTEMS INC COM COM 00724F101 938 10,000 SH   SOLE   10,000 0 0
ADT CORPORATION COM COM 00101J106 20,812 504,417 SH   SOLE   504,417 0 0
AGL RES INC COM COM 001204106 3,434 52,715 SH   SOLE   52,715 0 0
AIRGAS INC COM COM 009363102 24,984 176,388 SH   SOLE   176,388 0 0
AKAMAI TECHNOLOGIES INC COM COM 00971T101 834 15,000 SH   SOLE   15,000 0 0
ALAMOS GOLD INC NEW COM CL A COM 011532108 100 18,847 SH   SOLE   18,847 0 0
ALERE INC COM 01449J105 17,057 337,022 SH   SOLE   337,022 0 0
ALLERGAN PLC SHS COM G0177J108 10,555 39,380 SH   SOLE   39,380 0 0
ALLIANCE BERNSTEIN HLDGS LP UN COM 01881G106 258 11,000 SH   SOLE   11,000 0 0
AMC NETWORKS INC CL A COM 00164V103 2,435 37,500 SH   SOLE   37,500 0 0
AMERICAN EXPRESS CO COM 025816109 276 4,500 SH   SOLE   4,500 0 0
AMSURG CORP COM COM 03232P405 224 3,000 SH   SOLE   3,000 0 0
APACHE CORP COM 037411105 757 15,500 SH   SOLE   15,500 0 0
APOLLO EDUCATION COM 037604105 1,339 163,042 SH   SOLE   163,042 0 0
ASTRAZENECA PLC ADR SPONSORED COM 046353108 555 19,700 SH   SOLE   19,700 0 0
ATMEL CORP COM COM 049513104 9,431 1,161,423 SH   SOLE   1,161,423 0 0
AVISTA CORP COM COM 05379B107 816 20,000 SH   SOLE   20,000 0 0
AXIALL CORP COM 05463D100 895 41,000 SH   SOLE   41,000 0 0
BIOTA HOLDINGS LTD COM 090694100 337 224,977 SH   SOLE   224,977 0 0
B2GOLD CORP COM COM 11777Q209 76 45,663 SH   SOLE   45,663 0 0
BAKER HUGHES INC COM 057224107 8,070 184,116 SH   SOLE   184,116 0 0
BANCROFT FUND LTD COM MUTUAL FUNDS 059695106 994 55,400 SH   SOLE   55,400 0 0
BANK OF AMERICA COM 060505104 1,470 108,729 SH   SOLE   108,729 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 773 21,000 SH   SOLE   21,000 0 0
BAXALTA INC COM COM 07177M103 19,490 482,420 SH   SOLE   482,420 0 0
BECTON DICKINSON & CO COM COM 075887109 228 1,500 SH   SOLE   1,500 0 0
BGC 4 1/2 11/15/29 CONVERTIBLE BOND 369300AL2 180 325,000 PRN   SOLE   325,000 0 0
BIOSCRIP INC COM 09069N108 151 70,457 SH   SOLE   70,457 0 0
BLOUNT INTL INC NEW COM COM 095180105 5,775 578,662 SH   SOLE   578,662 0 0
BOSTON PRIVATE FINL HLDGS INCO COM 101119105 172 15,000 SH   SOLE   15,000 0 0
BTO CN 3 1/4 10/1/18 CONVERTIBLE BOND 11777QAB6 417 500,000 PRN   SOLE   500,000 0 0
C1 FINL INC COM COM 12591N109 5,265 217,551 SH   SOLE   217,551 0 0
CABLEVISION SYS NY GROUP A COM 12686C109 26,954 816,780 SH   SOLE   816,780 0 0
CABLEVISION SYS CORP COM 12686C959 180 100 SH Put SOLE   0 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 42,330 631,326 SH   SOLE   631,326 0 0
CARMIKE CINEMAS INC COM COM 143436400 2,674 89,017 SH   SOLE   89,017 0 0
CASCADE MICROTECH INC COM COM 147322101 1,837 89,100 SH   SOLE   89,100 0 0
CBS CORP CLASS A COM 124857103 496 8,400 SH   SOLE   8,400 0 0
CHECKPOINT SYS INC COM COM 162825103 2,038 201,375 SH   SOLE   201,375 0 0
CHEMTURA CORP COM NEW COM 163893209 264 10,000 SH   SOLE   10,000 0 0
CHEVRON CORP COM 166764100 1,679 17,600 SH   SOLE   17,600 0 0
CHIPOTLE MEXICAN GRILL INC CL COM 169656105 3,061 6,500 SH   SOLE   6,500 0 0
CIGNA CORP COM 125509109 274 2,000 SH   SOLE   2,000 0 0
CITIGROUP INC COM 172967424 292 7,000 SH   SOLE   7,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL COM 18451C109 80 17,000 SH   SOLE   17,000 0 0
CLECO CORP NEW COM COM 12561W105 24,283 439,827 SH   SOLE   439,827 0 0
COHEN & STEERS INC COM COM 19247A100 623 16,000 SH   SOLE   16,000 0 0
COLUMBIA PIPELINE GROUP INC CO COM 198280109 3,864 153,963 SH   SOLE   153,963 0 0
COMMUNITY HEALTH SYSTEMS-CVR WARRANT AND RIGH 203668116 3 471,530 SH   SOLE   471,530 0 0
CORCEPT THERAPEUTICS INC OC-CO COM 218352102 450 96,200 SH   SOLE   96,200 0 0
CROWN MEDIA HLDGS INC CL A COM 228411104 1,140 224,343 SH   SOLE   224,343 0 0
CST BRANDS INC COM COM 12646R105 218 5,700 SH   SOLE   5,700 0 0
CURTISS WRIGHT CORP COM 231561101 378 5,000 SH   SOLE   5,000 0 0
CVR REFNG LP COM 12663P907 175 100 SH Call SOLE   0 0 0
CVS HEALTH CORP COM 126650100 311 3,000 SH   SOLE   3,000 0 0
DAVITA INC COM 23918K108 257 3,500 SH   SOLE   3,500 0 0
DEVON ENERGY CORP NEW COM 25179M103 637 23,200 SH   SOLE   23,200 0 0
DISH NETWORK CORPORATION COM 25470M109 231 5,000 SH   SOLE   5,000 0 0
E M C CORP MASS COM COM 268648102 12,047 452,052 SH   SOLE   452,052 0 0
EATON CORP PLC SHS COM G29183103 494 7,900 SH   SOLE   7,900 0 0
ECHOSTAR CORP-A COM 278768106 775 17,500 SH   SOLE   17,500 0 0
FAIRCHILD SEMICONDUCTOR INTLCL COM 303726103 11,654 582,692 SH   SOLE   582,692 0 0
FEDERAL MOGUL CORP CL A COM 313549404 544 55,079 SH   SOLE   55,079 0 0
FERRO CORP COM 315405100 393 33,100 SH   SOLE   33,100 0 0
FREEPORT MCMORAN COPPER&GOLD C COM 35671D857 1,193 115,400 SH   SOLE   115,400 0 0
FRESH MKT INC COM COM 35804H106 9,149 320,663 SH   SOLE   320,663 0 0
FRONTLINE LTD SHS NEW COM G3682E192 542 64,766 SH   SOLE   64,766 0 0
GABELLI DIV&INC TR COM MUTUAL FUNDS 36242H104 9,319 504,300 SH   SOLE   504,300 0 0
GABELLI GLB SML & MD CP VAL CO MUTUAL FUNDS 36249W104 551 52,190 SH   SOLE   52,190 0 0
GABELLI GLOBAL UTIL & INCOMECO MUTUAL FUNDS 36242L105 4,093 228,655 SH   SOLE   228,655 0 0
GABELLI MULTIMEDIA TRST INC MUTUAL FUNDS 36239Q109 602 81,838 SH   SOLE   81,838 0 0
GAMCO INVESTORS INC COM PRIVATE INVESTME 361438104 162,807 4,393,055 SH   SOLE   4,393,055 0 0
GDL FUND MUTUAL FUNDS 361570104 13,707 1,366,580 SH   SOLE   1,366,580 0 0
GENERAL ELEC CO COM 369604103 477 15,000 SH   SOLE   15,000 0 0
GILEAD SCIENCES INC COM COM 375558103 276 3,000 SH   SOLE   3,000 0 0
GLOBAL SOURCES LTD COM COM G39300101 201 24,835 SH   SOLE   24,835 0 0
GRIFOLS SA SP ADR REP B NVT COM 398438408 5,826 376,584 SH   SOLE   376,584 0 0
GRUPO TELEVISA SA DE CV ADR (B COM 40049J206 412 15,000 SH   SOLE   15,000 0 0
GYRODYNE LLC COM COM 403829104 2,171 80,547 SH   SOLE   80,547 0 0
HARVEST NAT RES INC COM COM 41754V103 87 144,600 SH   SOLE   144,600 0 0
HAWAIIAN ELEC INDS INC COM COM 419870100 1,338 41,298 SH   SOLE   41,298 0 0
HC2 HLDGS INC COM COM 404139107 142 37,100 SH   SOLE   37,100 0 0
HCA HOLDINGS INC COM COM 40412C101 273 3,500 SH   SOLE   3,500 0 0
HEARTLAND PMT SYS INC COM COM 42235N108 5,296 54,843 SH   SOLE   54,843 0 0
HEICO CORP NEW CL A COM 422806208 3,804 79,911 SH   SOLE   79,911 0 0
HERTZ GLOBAL HOLDINGS INC COM COM 42805T105 1,773 168,361 SH   SOLE   168,361 0 0
HUMANA INC COM COM 444859102 11,772 64,343 SH   SOLE   64,343 0 0
INGRAM MICRO INC-CL A COM 457153104 4,577 127,462 SH   SOLE   127,462 0 0
INTEL CORP 3.25% 8/1/39 144A CONVERTIBLE BOND 458140AF7 279 175,000 PRN   SOLE   175,000 0 0
INTERACTIVE BROKERS COM 45841N107 1,337 34,000 SH   SOLE   34,000 0 0
INTERNAP NETWORK SVCS CORP COM COM 45885A300 417 152,638 SH   SOLE   152,638 0 0
INTERNATIONAL GAME TECH PLC SH COM G4863A108 1,056 57,869 SH   SOLE   57,869 0 0
INTERPUBLIC GROUP COS INC COM 460690100 317 13,800 SH   SOLE   13,800 0 0
JARDEN CORPORATION COM 471109108 13,674 231,961 SH   SOLE   231,961 0 0
JIAYUAN COM INTL LTD SPONSORED COM 477374102 423 56,759 SH   SOLE   56,759 0 0
JOURNAL MEDIA GROUP INC COM COM 48114A109 3,354 280,426 SH   SOLE   280,426 0 0
KIMBALL ELECTRONICS INC COM COM 49428J109 594 53,169 SH   SOLE   53,169 0 0
KIMBALL INTL INC CL B COM 494274103 767 67,559 SH   SOLE   67,559 0 0
KINDER MORGAN INC WT EXP 05/25 WARRANT AND RIGH 49456B119 9 232,081 SH   SOLE   232,081 0 0
KKR & CO. L.P COM 48248M102 1,769 120,410 SH   SOLE   120,410 0 0
KLA TENCOR CORP COM 482480100 20,139 276,597 SH   SOLE   276,597 0 0
LENNAR B SHARES COM 526057302 7,623 196,919 SH   SOLE   196,919 0 0
LIBERTY TRIPADVISOR HLDG-A COM 531465102 406 18,338 SH   SOLE   18,338 0 0
LIBERTY VENTURES SER A COM 53071M880 745 19,048 SH   SOLE   19,048 0 0
LILLY, ELI AND COMPANY COM 532457108 720 10,000 SH   SOLE   10,000 0 0
LORAL SPACE & COMMUNICATNS ICO COM 543881106 2,211 62,947 SH   SOLE   62,947 0 0
MEAD JOHNSON COM 582839106 850 10,000 SH   SOLE   10,000 0 0
MEDIA GEN INC NEW COM COM 58441K100 13,181 808,174 SH   SOLE   808,174 0 0
MIC 2.875% 07/15/19 CORPORATE BONDS 55608BAA3 359 325,000 PRN   SOLE   325,000 0 0
MICROSOFT CORP COM 594918104 552 10,000 SH   SOLE   10,000 0 0
MONDELEZ INTERNATIONAL COM 609207105 522 13,000 SH   SOLE   13,000 0 0
MORGANS HOTEL GROUP CO COM COM 61748W108 683 494,972 SH   SOLE   494,972 0 0
NATIONAL FUEL GAS CO N J COM COM 636180101 325 6,500 SH   SOLE   6,500 0 0
NATIONAL INTERSTATE CORP COM COM 63654U100 4,311 144,098 SH   SOLE   144,098 0 0
NATIONAL PENN BANCSHARES INCCO COM 637138108 6,858 644,582 SH   SOLE   644,582 0 0
NAVISTAR INTL CORP COM COM 63934E108 146 11,700 SH   SOLE   11,700 0 0
NEOGENOMICS INC COM NEW COM 64049M209 135 20,000 SH   SOLE   20,000 0 0
NEWMONT MINING CORP HOLDING CO COM 651639106 266 10,000 SH   SOLE   10,000 0 0
NEWPORT CORP COM COM 651824104 4,780 207,811 SH   SOLE   207,811 0 0
OFFICE DEPOT INC COM 676220106 6,253 880,657 SH   SOLE   880,657 0 0
OPKO HEALTH INC COM COM 68375N103 104 10,000 SH   SOLE   10,000 0 0
OUTERWALL INC COM COM 690070107 1,605 43,403 SH   SOLE   43,403 0 0
PEPSICO INC COM 713448108 1,025 10,000 SH   SOLE   10,000 0 0
PIEDMONT NAT GAS INC COM COM 720186105 4,433 74,100 SH   SOLE   74,100 0 0
PINNACLE ENTMT INC COM COM 723456109 1,918 54,647 SH   SOLE   54,647 0 0
PNC FINANCIAL CORP COM 693475105 338 4,000 SH   SOLE   4,000 0 0
POST HOLDINGS INC COM 737446104 1,032 15,000 SH   SOLE   15,000 0 0
POWERSECURE INTL INC COM COM 73936N105 1,319 70,590 SH   SOLE   70,590 0 0
PROGRESSIVE WASTE SOLUTIONS LT COM 74339G101 1,081 34,850 SH   SOLE   34,850 0 0
PROSHARES TRUST PSHS ULSHT SP5 ETF - EQUITY 74347B300 948 50,000 SH   SOLE   50,000 0 0
QIHOO 360 TECHNOLOGY CO LTD AD COM 74734M109 1,964 25,990 SH   SOLE   25,990 0 0
QUESTAR CORP COM COM 748356102 1,982 79,918 SH   SOLE   79,918 0 0
RITE AID CORP COM COM 767754104 12,047 1,478,209 SH   SOLE   1,478,209 0 0
ROFIN SINAR TECHNOLOGIES INCCO COM 775043102 2,496 77,453 SH   SOLE   77,453 0 0
RYMAN HOSPITALITY PPTYS INC CO COM 78377T107 942 18,295 SH   SOLE   18,295 0 0
SANDISK CORP COM COM 80004C101 29,749 391,023 SH   SOLE   391,023 0 0
SMITH & NEPHEW P L C ADR SPONS COM 83175M205 533 16,000 SH   SOLE   16,000 0 0
SNYDERS LANCE INC COM COM 833551104 658 20,887 SH   SOLE   20,887 0 0
SONY CORP-ADR (B:SNE US) COM 835699307 694 27,000 SH   SOLE   27,000 0 0
STARWOOD HOTELS & RESORTS WRLD COM 85590A401 10,149 121,650 SH   SOLE   121,650 0 0
SUNPOWER CORP 0.880% 06/01/21 CONVERTIBLE BOND 867652AJ8 192 250,000 PRN   SOLE   250,000 0 0
SYNGENTA AG ADR SPONSORED COM 87160A100 11,412 137,790 SH   SOLE   137,790 0 0
TALMER BANCORP INC COM COM 87482X101 3,531 195,200 SH   SOLE   195,200 0 0
TELEPHONE & DATA SYS COM 879433829 445 14,800 SH   SOLE   14,800 0 0
TESLA MOTORS 1.250% 03/1/21 CONVERTIBLE BOND 88160RAC5 429 500,000 PRN   SOLE   500,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 283 2,000 SH   SOLE   2,000 0 0
TIME WARNER CABLE INC COM COM 88732J207 41,545 203,035 SH   SOLE   203,035 0 0
TUMI HLDGS INC COM COM 89969Q104 4,911 183,113 SH   SOLE   183,113 0 0
TWENTY FIRST CENTY FOX B COM 90130A200 375 13,300 SH   SOLE   13,300 0 0
TYCO INTERNATIONAL PLC ORDINAR COM G91442106 2,751 74,950 SH   SOLE   74,950 0 0
T-MOBILE US INC COM 872590104 2,281 59,549 SH   SOLE   59,549 0 0
UNITED STATES CELLULAR CORP COM 911684108 388 8,500 SH   SOLE   8,500 0 0
UNIVERSAL AMERICAN CORP COM 91338E101 363 50,845 SH   SOLE   50,845 0 0
VALSPAR CORP COM COM 920355104 11,321 105,780 SH   SOLE   105,780 0 0
VIACOM INC NEW CL A COM 92553P102 498 11,000 SH   SOLE   11,000 0 0
WEATHERFORD INTERNATIONAL PLC COM G48833100 124 16,000 SH   SOLE   16,000 0 0
WELLS FARGO CV PFD L 7.500% CONVERTIBLE PREF 949746804 301 250 SH   SOLE   250 0 0
WELLS FARGO & CO NEW COM 949746101 3,953 81,743 SH   SOLE   81,743 0 0
WESCO AIRCRAFT HLDGS INC COM COM 950814103 549 38,160 SH   SOLE   38,160 0 0
WESTROCK CO COM COM 96145D105 1,060 27,150 SH   SOLE   27,150 0 0
XYLEM INC COM 98419M100 205 5,000 SH   SOLE   5,000 0 0
YAHOO INC. COM 984332106 10,088 274,044 SH   SOLE   274,044 0 0
YELP INC CL A COM 985817105 482 24,242 SH   SOLE   24,242 0 0
YOUKU COM INC SPONSORED ADR COM 98742U100 9,065 329,751 SH   SOLE   329,751 0 0