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 12,395 1,426,390 SH   SOLE 1,426,390 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 2,930 126,000 SH   SOLE 126,000 0 0
ALPHABET INC CAP STK CL C 02079K107 2,938 3,871 SH   SOLE 3,871 0 0
ALPHABET INC CAP STK CL A 02079K305 622 800 SH   SOLE 800 0 0
ALTRIA GROUP INC COM 02209S103 1,586 27,250 SH   SOLE 27,250 0 0
APOLLO ED GROUP INC CL A 037604105 1,051 136,972 SH   SOLE 136,972 0 0
APPLE INC COM 037833100 7,087 67,325 SH   SOLE 67,325 0 0
ARGAN INC COM 04010E109 2,184 67,400 SH   SOLE 67,400 0 0
ARRIS GROUP INC NEW COM 04270V106 2,598 85,000 SH   SOLE 85,000 0 0
ASB BANCORP INC N C COM 00213T109 748 28,825 SH   SOLE 28,825 0 0
AT&T INC COM 00206R102 6,882 200,000 SH   SOLE 200,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 8,836 214,360 SH   SOLE 214,360 0 0
BCB BANCORP INC COM 055298103 104 10,000 SH   SOLE 10,000 0 0
BED BATH & BEYOND INC COM 075896100 1,795 37,200 SH   SOLE 37,200 0 0
BENEFICIAL BANCORP INC COM 08171T102 444 33,353 SH   SOLE 33,353 0 0
BLOCK H & R INC COM 093671105 2,588 77,700 SH   SOLE 77,700 0 0
BLUE HILLS BANCORP INC COM 095573101 433 28,290 SH   SOLE 28,290 0 0
BRINKS CO COM 109696104 10,863 376,415 SH   SOLE 376,415 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 2,479 270,000 SH   SOLE 270,000 0 0
BUCKLE INC COM 118440106 1,859 60,400 SH   SOLE 60,400 0 0
CA INC COM 12673P105 2,469 86,450 SH   SOLE 86,450 0 0
CAL MAINE FOODS INC COM NEW 128030202 2,317 50,000 SH   SOLE 50,000 0 0
CAPELLA EDUCATION COMPANY COM 139594105 2,311 50,000 SH   SOLE 50,000 0 0
CBIZ INC COM 124805102 3,007 305,000 SH   SOLE 305,000 0 0
CENTURYLINK INC COM 156700106 4,805 190,975 SH   SOLE 190,975 0 0
CHEVIOT FINL CORP NEW COM 16677X105 935 61,024 SH   SOLE 61,024 0 0
CISCO SYS INC COM 17275R102 2,648 97,500 SH   SOLE 97,500 0 0
CLIFTON BANCORP INC COM 186873105 583 40,671 SH   SOLE 40,671 0 0
COMMSCOPE HLDG CO INC COM 20337X109 2,848 110,000 SH   SOLE 110,000 0 0
CVS HEALTH CORP COM 126650100 6,551 67,000 SH   SOLE 67,000 0 0
DELUXE CORP COM 248019101 2,563 47,000 SH   SOLE 47,000 0 0
DONNELLEY R R & SONS CO COM 257867101 710 48,250 SH   SOLE 48,250 0 0
DOVER CORP COM 260003108 2,624 42,800 SH   SOLE 42,800 0 0
DOVER MOTORSPORTS INC COM 260174107 1,251 536,912 SH   SOLE 536,912 0 0
EMCOR GROUP INC COM 29084Q100 2,978 62,000 SH   SOLE 62,000 0 0
EMERSON ELEC CO COM 291011104 19,158 400,541 SH   SOLE 400,541 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 4,913 56,204 SH   SOLE 56,204 0 0
EXXON MOBIL CORP COM 30231G102 2,496 32,024 SH   SOLE 32,024 0 0
FLUOR CORP NEW COM 343412102 2,503 53,000 SH   SOLE 53,000 0 0
FOSSIL GROUP INC COM 34988V106 1,645 45,000 SH   SOLE 45,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 1,183 58,312 SH   SOLE 58,312 0 0
FRANKLIN RES INC COM 354613101 5,799 157,500 SH   SOLE 157,500 0 0
GAMESTOP CORP NEW CL A 36467W109 1,789 63,800 SH   SOLE 63,800 0 0
GAP INC DEL COM 364760108 2,655 107,500 SH   SOLE 107,500 0 0
GILEAD SCIENCES INC COM 375558103 2,732 27,000 SH   SOLE 27,000 0 0
HARLEY DAVIDSON INC COM 412822108 6,100 134,400 SH   SOLE 134,400 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 2,728 179,500 SH   SOLE 179,500 0 0
HIBBETT SPORTS INC COM 428567101 2,570 85,000 SH   SOLE 85,000 0 0
HIGHER ONE HLDGS INC COM 42983D104 470 145,190 SH   SOLE 145,190 0 0
HILLENBRAND INC COM 431571108 2,726 92,000 SH   SOLE 92,000 0 0
HP INC COM 40434L105 2,125 179,500 SH   SOLE 179,500 0 0
INTEL CORP COM 458140100 1,007 29,237 SH   SOLE 29,237 0 0
INTELIQUENT INC COM 45825N107 2,434 137,000 SH   SOLE 137,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 18,867 137,097 SH   SOLE 137,097 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 2,727 65,000 SH   SOLE 65,000 0 0
JOHNSON & JOHNSON COM 478160104 931 9,066 SH   SOLE 9,066 0 0
JPMORGAN CHASE & CO COM 46625H100 9,082 137,550 SH   SOLE 137,550 0 0
KEARNY FINL CORP MD COM 48716P108 868 68,497 SH   SOLE 68,497 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 17,196 675,680 SH   SOLE 675,680 0 0
LANNET INC COM 516012101 2,608 65,000 SH   SOLE 65,000 0 0
LAPORTE BANCORP INC MD COM 516651106 248 16,334 SH   SOLE 16,334 0 0
MALVERN BANCORP INC COM 561409103 517 29,440 SH   SOLE 29,440 0 0
MANPOWERGROUP INC COM 56418H100 2,782 33,000 SH   SOLE 33,000 0 0
MANTECH INTL CORP CL A 564563104 2,769 91,567 SH   SOLE 91,567 0 0
MEDTRONIC PLC SHS G5960L103 34,939 454,227 SH   SOLE 454,227 0 0
MELROSE BANCORP INC COM 585553100 173 11,323 SH   SOLE 11,323 0 0
METHODE ELECTRS INC COM 591520200 3,183 100,000 SH   SOLE 100,000 0 0
MICROSOFT CORP COM 594918104 15,743 283,760 SH   SOLE 283,760 0 0
MKS INSTRUMENT INC COM 55306N104 2,988 83,000 SH   SOLE 83,000 0 0
MSB FINL CORP NEW COM 55352L101 784 62,745 SH   SOLE 62,745 0 0
NASDAQ INC COM 631103108 1,745 30,000 SH   SOLE 30,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,708 51,000 SH   SOLE 51,000 0 0
NAUGATUCK VY FINL CORP MD COM 63906P107 228 20,800 SH   SOLE 20,800 0 0
NAVIGANT CONSULTING INC COM 63935N107 3,212 200,000 SH   SOLE 200,000 0 0
NEUSTAR INC CL A 64126X201 2,373 99,000 SH   SOLE 99,000 0 0
NEWS CORP NEW CL A 65249B109 38,557 2,886,035 SH   SOLE 2,886,035 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,845 110,000 SH   SOLE 110,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 2,262 59,700 SH   SOLE 59,700 0 0
OUTERWALL INC COM 690070107 1,505 41,200 SH   SOLE 41,200 0 0
OWENS ILL INC COM NEW 690768403 22,646 1,300,000 SH   SOLE 1,300,000 0 0
PETMED EXPRESS INC COM 716382106 2,862 167,000 SH   SOLE 167,000 0 0
PFIZER INC COM 717081103 22,220 688,346 SH   SOLE 688,346 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 2,651 120,000 SH   SOLE 120,000 0 0
PROCTER & GAMBLE CO COM 742718109 442 5,570 SH   SOLE 5,570 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 1,064 70,000 SH   SOLE 70,000 0 0
QUALCOMM INC COM 747525103 1,949 39,000 SH   SOLE 39,000 0 0
REGAL ENTMT GROUP CL A 758766109 376 19,900 SH   SOLE 19,900 0 0
RPX CORP COM 74972G103 1,925 175,000 SH   SOLE 175,000 0 0
SANDERSON FARMS INC COM 800013104 2,868 37,000 SH   SOLE 37,000 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,530 69,000 SH   SOLE 69,000 0 0
SEAWORLD ENTMT INC COM 81282V100 1,219 61,900 SH   SOLE 61,900 0 0
SI FINL GROUP INC MD COM 78425V104 667 48,875 SH   SOLE 48,875 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 2,056 99,225 SH   SOLE 99,225 0 0
SPX FLOW INC COM 78469X107 8,403 301,067 SH   SOLE 301,067 0 0
STARZ COM SER A 85571Q102 2,412 72,000 SH   SOLE 72,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,319 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 3,697 61,500 SH   SOLE 61,500 0 0
SUNSHINE BANCORP INC COM 86777J108 209 13,750 SH   SOLE 13,750 0 0
SUSSEX BANCORP COM 869245100 387 29,534 SH   SOLE 29,534 0 0
SYMANTEC CORP COM 871503108 2,426 115,500 SH   SOLE 115,500 0 0
TEGNA INC COM 87901J105 638 25,000 SH   SOLE 25,000 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 2,251 75,000 SH   SOLE 75,000 0 0
THOR INDS INC COM 885160101 2,920 52,000 SH   SOLE 52,000 0 0
TIME WARNER INC COM NEW 887317303 4,333 67,000 SH   SOLE 67,000 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,719 130,263 SH   SOLE 130,263 0 0
TRC COS INC COM 872625108 51,506 5,568,257 SH   SOLE 5,568,257 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,931 19,000 SH   SOLE 19,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 19,361 418,897 SH   SOLE 418,897 0 0
VIACOM INC NEW CL B 92553P201 5,227 127,000 SH   SOLE 127,000 0 0
VIRGIN AMER INC COM VTG 92765X208 3,385 94,000 SH   SOLE 94,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 19,581 1,625,000 SH   SOLE 1,625,000 0 0
WABASH NATL CORP COM 929566107 2,449 207,000 SH   SOLE 207,000 0 0
WASTE MGMT INC DEL COM 94106L109 474 8,875 SH   SOLE 8,875 0 0
WATERSTONE FINL INC MD COM 94188P101 1,172 83,120 SH   SOLE 83,120 0 0
WESTBURY BANCORP INC COM 95727P106 439 24,415 SH   SOLE 24,415 0 0
WESTERN DIGITAL CORP COM 958102105 1,663 27,700 SH   SOLE 27,700 0 0
WESTERN UN CO COM 959802109 2,776 155,000 SH   SOLE 155,000 0 0