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 101 20,485 SH   SOLE   20,485 0 0
ACCURIDE CORP CMN Common Stock 00439T206 47 17,025 SH   SOLE   17,025 0 0
ACI WORLDWIDE INC CMN Common Stock 004498101 253 12,000 SH   SOLE   12,000 0 0
ACXIOM CORP CMN Common Stock 005125109 198 10,000 SH   SOLE   10,000 0 0
AEP INDUSTRIES INC CMN Common Stock 001031103 2,121 37,000 SH   SOLE   37,000 0 0
AETNA INC CMN Common Stock 00817Y108 1,094 10,000 SH   SOLE   10,000 0 0
AGILYSYS INC CMN Common Stock 00847J105 250 22,505 SH   SOLE   22,505 0 0
AK STEEL HOLDING CORP CMN Common Stock 001547108 72 30,000 SH   SOLE   30,000 0 0
ALASKA COMMUNICATIONS SYSTEMS GROUP INC. Common Stock 01167P101 657 300,000 SH   SOLE   300,000 0 0
ALLIANCE ONE INTERNATIONAL, IN*C. CMN MLP 018772301 1,868 91,636 SH   SOLE   91,636 0 0
ALLIANCEBERNSTEIN HOLDING LP CMN MLP 01881G106 1,824 68,568 SH   SOLE   68,568 0 0
AMAYA INC. CMN ADR 02314M108 182 10,000 SH   SOLE   10,000 0 0
AMEC FOSTER WHEELER PLC SPONSORED ADR ADR 00167X205 118 10,797 SH   SOLE   10,797 0 0
AMERCO CMN Common Stock 023586100 1,102 2,800 SH   SOLE   2,800 0 0
AMERICAN CAMPUS CMNTYS, INC CMN Common Stock 024835100 362 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO. CMN Common Stock 025816109 1,112 15,000 SH   SOLE   15,000 0 0
AMERICAN INTL GROUP, INC. CMN Common Stock 026874784 6,250 110,000 SH   SOLE   110,000 0 0
AMERICAN TOWER CORPORATION CMN REIT 03027X100 1,760 20,000 SH   SOLE   20,000 0 0
AMPCO PITTSBURG CORP CMN Common Stock 032037103 1,091 100,000 SH   SOLE   100,000 0 0
ANHEUSER-BUSCH INBEV S.A. SPONSORED ADR CMN ADR 03524A108 319 3,000 SH   SOLE   3,000 0 0
AON PLC CMN Common Stock G0408V102 532 6,000 SH   SOLE   6,000 0 0
APOGEE ENTERPRISES INC CMN Common Stock 037598109 223 5,000 SH   SOLE   5,000 0 0
APOLLO EDUCATION GROUP, INC CMN CLASS A Common Stock 037604105 119 10,750 SH   SOLE   10,750 0 0
APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A MLP 037612306 172 10,000 SH   SOLE   10,000 0 0
ARROW ELECTRONICS INC. CMN Common Stock 042735100 553 10,000 SH   SOLE   10,000 0 0
ASPEN AEROGELS, INC. CMN Common Stock 04523Y105 188 25,000 SH   SOLE   25,000 0 0
ASPEN INSURANCE HOLDINGS LTD CMN Common Stock G05384105 1,162 25,000 SH   SOLE   25,000 0 0
ASTA FUNDING INC CMN Common Stock 046220109 2,918 342,107 SH   SOLE   342,107 0 0
ASTROSYSTEMS INC IN LIQUIDTN CMN Common Stock 046465100 0 79,200 SH   SOLE   79,200 0 0
ATA INC ADR ADR 00211V106 65 25,700 SH   SOLE   25,700 0 0
AUTODESK INC CMN Common Stock 052769106 441 10,000 SH   SOLE   10,000 0 0
AVNET INC. CMN Common Stock 053807103 640 15,000 SH   SOLE   15,000 0 0
AXIS CAPITAL HOLDINGS, LTD. CMN Common Stock G0692U109 269 5,000 SH   SOLE   5,000 0 0
BAKER HUGHES INC CMN Common Stock 057224107 729 14,000 SH   SOLE   14,000 0 0
BANK OF AMERICA CORP CMN Common Stock 060505104 11,841 760,000 SH   SOLE   760,000 0 0
BANK OF MARIN BANCORP CMN Common Stock 063425102 242 5,046 SH   SOLE   5,046 0 0
BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETN ETP 06742E711 715 27,885 SH   SOLE   27,885 0 0
BEASLEY BROADCAST GROUP INC CMN CLASS A Common Stock 074014101 122 32,469 SH   SOLE   32,469 0 0
BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 410 21,088 SH   SOLE   21,088 0 0
BENCHMARK ELECTRONICS INC CMN Common Stock 08160H101 218 10,000 SH   SOLE   10,000 0 0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A Common Stock 084670108 42,562 218 SH   SOLE   218 0 0
BLACKROCK, INC. CMN Common Stock 09247X101 1,190 4,000 SH   SOLE   4,000 0 0
BLOUNT INTL INC NEW COM STK Common Stock 095180105 125 22,500 SH   SOLE   22,500 0 0
BP P.L.C. SPONSORED ADR CMN ADR 055622104 764 25,000 SH   SOLE   25,000 0 0
BROADWIND ENERGY INC. CMN Common Stock 11161T207 285 137,894 SH   SOLE   137,894 0 0
BRUNSWICK CORP. CMN Common Stock 117043109 239 5,000 SH   SOLE   5,000 0 0
C D I CORP CMN Common Stock 125071100 296 34,583 SH   SOLE   34,583 0 0
CAMBREX CORPORATION CMN Common Stock 132011107 397 10,000 SH   SOLE   10,000 0 0
CAMPBELL SOUP CO CMN Common Stock 134429109 507 10,000 SH   SOLE   10,000 0 0
CAMPUS CREST COMMUNITIES, INC. CMN Common Stock 13466Y105 80 15,000 SH   SOLE   15,000 0 0
CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 1,450 20,000 SH   SOLE   20,000 0 0
CAREER EDUCATION CORP CMN Common Stock 141665109 150 40,000 SH   SOLE   40,000 0 0
CARRIAGE SERVICES, INC. CMN Common Stock 143905107 4,235 196,157 SH   SOLE   196,157 0 0
CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 2,582 217,000 SH   SOLE   217,000 0 0
CATERPILLAR INC (DELAWARE) CMN Common Stock 149123101 850 13,000 SH   SOLE   13,000 0 0
CECO ENVIRONMENTAL CORP CMN Common Stock 125141101 387 47,293 SH   SOLE   47,293 0 0
CENTRAL GARDEN & PET CO CMN Common Stock 153527106 1,222 78,967 SH   SOLE   78,967 0 0
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES Common Stock 153527205 528 32,764 SH   SOLE   32,764 0 0
CENTURY BANCORP INC CL-A NON VTG CLASS A Common Stock 156432106 204 5,000 SH   SOLE   5,000 0 0
CENTURY CASINOS INC CMN Common Stock 156492100 615 100,000 SH   SOLE   100,000 0 0
CENVEO INC CMN Common Stock 15670S105 1,399 744,301 SH   SOLE   744,301 0 0
CF INDUSTRIES HOLDINGS, INC. CMN Common Stock 125269100 449 10,000 SH   SOLE   10,000 0 0
CITIZENS FINANCIAL GROUP INC CMN Common Stock 174610105 2,983 125,000 SH   SOLE   125,000 0 0
CIVEO CORP CMN Common Stock 178787107 92 62,300 SH   SOLE   62,300 0 0
CNINSURE INC SPONSORED ADR CMN ADR 18976M103 1,869 244,263 SH   SOLE   244,263 0 0
CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 5,643 300,000 SH   SOLE   300,000 0 0
CNX COAL RESOURCES LP CMN MLP 12592V100 190 16,900 SH   SOLE   16,900 0 0
COCA-COLA COMPANY (THE) CMN Common Stock 191216100 5,617 140,000 SH   SOLE   140,000 0 0
COGENT COMMUNICATIONS HLDGS CMN Common Stock 19239V302 543 20,000 SH   SOLE   20,000 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A Common Stock 192446102 2,567 41,000 SH   SOLE   41,000 0 0
COMMUNITIES FIRST FINL CORP CMN Common Stock 20344D104 579 55,125 SH   SOLE   55,125 0 0
COMMUNITY HEALTH SYS INC CMN Common Stock 203668108 599 14,000 SH   SOLE   14,000 0 0
COMPUTER TASK GROUP, INC. CMN Common Stock 205477102 95 15,386 SH   SOLE   15,386 0 0
CONSOL ENERGY INC. CMN Common Stock 20854P109 375 38,262 SH   SOLE   38,262 0 0
CONSUMER PORTFOLIO SVCS INC CMN Common Stock 210502100 299 60,000 SH   SOLE   60,000 0 0
CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 399 26,190 SH   SOLE   26,190 0 0
COVISINT CORPORATION CMN Common Stock 22357R103 96 44,713 SH   SOLE   44,713 0 0
COWEN GROUP, INC. CMN Common Stock 223622101 586 128,434 SH   SOLE   128,434 0 0
CROCS, INC. CMN Common Stock 227046109 386 29,887 SH   SOLE   29,887 0 0
CSG SYSTEMS INTL INC CMN Common Stock 126349109 925 30,032 SH   SOLE   30,032 0 0
CTRIP.COM INTERNATIONAL, LTD. ADR CMN ADR 22943F100 379 6,000 SH   SOLE   6,000 0 0
CULP INC CMN Common Stock 230215105 321 10,000 SH   SOLE   10,000 0 0
CVS HEALTH CORP CMN Common Stock 126650100 4,824 50,000 SH   SOLE   50,000 0 0
DANA HOLDING CORPORATION CMN Common Stock 235825205 476 30,000 SH   SOLE   30,000 0 0
DATALINK CORP CMN Common Stock 237934104 60 10,000 SH   SOLE   10,000 0 0
DELUXE CORP CMN Common Stock 248019101 557 10,000 SH   SOLE   10,000 0 0
DENBURY RESOURCES INC CMN Common Stock 247916208 2,096 859,066 SH   SOLE   859,066 0 0
DESTINATION MATERNITY CORPORAT*ION CMN Common Stock 25065D100 495 53,700 SH   SOLE   53,700 0 0
DESWELL INDUSTRIES INC CMN Common Stock 250639101 46 30,000 SH   SOLE   30,000 0 0
DGT HLDGS CORP CMN Common Stock 23328R206 350 20,000 SH   SOLE   20,000 0 0
DHT HOLDINGS INC CMN Common Stock Y2065G121 674 90,835 SH   SOLE   90,835 0 0
DIANA SHIPPING INC CMN Common Stock Y2066G104 254 39,239 SH   SOLE   39,239 0 0
DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 785 15,100 SH   SOLE   15,100 0 0
DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 175 174,713 SH   SOLE   174,713 0 0
DOVER MOTORSPORTS INC CMN Common Stock 260174107 172 74,663 SH   SOLE   74,663 0 0
DST SYSTEM INC COMMON STOCK Common Stock 233326107 946 9,000 SH   SOLE   9,000 0 0
E*TRADE FINANCIAL CORPORATION CMN Common Stock 269246401 263 10,000 SH   SOLE   10,000 0 0
EASTERN VA BANKSHARES INC CMN Common Stock 277196101 254 37,642 SH   SOLE   37,642 0 0
EBAY INC. CMN Common Stock 278642103 1,124 45,979 SH   SOLE   45,979 0 0
EDCI HLDGS INC CMN Common Stock 268315207 65 174,500 SH   SOLE   174,500 0 0
ELECTRO RENT CORP CMN Common Stock 285218103 357 34,431 SH   SOLE   34,431 0 0
EMC CORP MASS COM STK Common Stock 268648102 290 12,000 SH   SOLE   12,000 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 222 6,000 SH   SOLE   6,000 0 0
ENDURANCE SPECIALTY HLDGS LTD CMN Common Stock G30397106 1,526 25,000 SH   SOLE   25,000 0 0
ENGLOBAL CORPORATION CMN Common Stock 293306106 164 158,168 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 102 10,000 SH   SOLE   10,000 0 0
ENTRAVISION COMMUNICATIONS CP CMN CLASS A Common Stock 29382R107 3,326 500,977 SH   SOLE   500,977 0 0
ENVIVIO INC COM STK Common Stock 29413T106 181 44,200 SH   SOLE   44,200 0 0
EQUIFAX INC CMN Common Stock 294429105 972 10,000 SH   SOLE   10,000 0 0
ERICKSON INC CMN Common Stock 29482P100 80 25,522 SH   SOLE   25,522 0 0
EVEREST RE GROUP LTD CMN Common Stock G3223R108 867 5,000 SH   SOLE   5,000 0 0
EXPRESS, INC. CMN Common Stock 30219E103 223 12,502 SH   SOLE   12,502 0 0
FACEBOOK, INC. CMN CLASS A Common Stock 30303M102 7,794 86,700 SH   SOLE   86,700 0 0
FAIR ISAAC INC CMN Common Stock 303250104 1,690 20,000 SH   SOLE   20,000 0 0
FANNIE MAE COMMON STOCK CMN Common Stock 313586109 191 85,000 SH   SOLE   85,000 0 0
FEDERATED NATL HLDG CO CMN Common Stock 31422T101 601 25,000 SH   SOLE   25,000 0 0
FENIX PARTS INC CMN Common Stock 31446L100 401 60,000 SH   SOLE   60,000 0 0
FIESTA RESTAURANT GROUP, INC. CMN Common Stock 31660B101 6,806 150,000 SH   SOLE   150,000 0 0
FIRST CHOICE BANK CMN Common Stock 319461109 1,318 85,000 SH   SOLE   85,000 0 0
FIRST CMNTY CORP S C CMN Common Stock 319835104 867 70,000 SH   SOLE   70,000 0 0
FIRST OF LONG ISLAND CORP CMN Common Stock 320734106 284 10,500 SH   SOLE   10,500 0 0
FIRSTMERIT CORP CMN Common Stock 337915102 2,024 114,533 SH   SOLE   114,533 0 0
FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 546 176,590 SH   SOLE   176,590 0 0
FLAGSTAR BANCORP, INC. CMN Common Stock 337930705 308 15,000 SH   SOLE   15,000 0 0
FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 1,719 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 330 150,000 SH   SOLE   150,000 0 0
FRIEDMAN INDS INC CMN Common Stock 358435105 87 14,449 SH   SOLE   14,449 0 0
FTD COMPANIES, INC. CMN Common Stock 30281V108 1,192 40,000 SH   SOLE   40,000 0 0
FURMANITE CORPORATION CMN Common Stock 361086101 543 89,275 SH   SOLE   89,275 0 0
GANNETT CO, INC. CMN Common Stock 36473H104 368 25,000 SH   SOLE   25,000 0 0
GENCOR INDUSTRIES INC CMN Common Stock 368678108 549 60,758 SH   SOLE   60,758 0 0
GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 2,569 140,000 SH   SOLE   140,000 0 0
GLOBAL SOURCES LIMITED CMN ISIN: BMG393001018 Common Stock G39300105 243 29,217 SH   SOLE   29,217 0 0
GLOBALSCAPE INC COM STK Common Stock 37940G109 127 38,712 SH   SOLE   38,712 0 0
GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 4,692 27,000 SH   SOLE   27,000 0 0
GOOGLE INC. CMN CLASS A Common Stock 38259P508 1,596 2,500 SH   SOLE   2,500 0 0
GOOGLE INC. CMN CLASS C Common Stock 38259P706 6,997 11,500 SH   SOLE   11,500 0 0
GORDMANS STORES, INC. CMN Common Stock 38269P100 48 13,601 SH   SOLE   13,601 0 0
GRAPHIC PACKAGING HLDGCO CMN Common Stock 388689101 349 27,286 SH   SOLE   27,286 0 0
GUIDANCE SOFTWARE INC. CMN Common Stock 401692108 243 40,300 SH   SOLE   40,300 0 0
GULF ISLAND FABRICATION INC CMN Common Stock 402307102 316 30,000 SH   SOLE   30,000 0 0
H & R BLOCK INC. CMN Common Stock 093671105 724 20,000 SH   SOLE   20,000 0 0
H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 461 27,600 SH   SOLE   27,600 0 0
HALLIBURTON COMPANY CMN Common Stock 406216101 315 8,900 SH   SOLE   8,900 0 0
HANGER INC CMN Common Stock 41043F208 300 22,000 SH   SOLE   22,000 0 0
HANMI FINANCIAL CORPORATION CMN Common Stock 410495204 1,890 75,000 SH   SOLE   75,000 0 0
HARDINGE INC. COMMON STOCK Common Stock 412324303 642 70,000 SH   SOLE   70,000 0 0
HAWTHORN BANCSHARES INC CMN Common Stock 420476103 405 28,987 SH   SOLE   28,987 0 0
HCA HOLDINGS, INC. CMN Common Stock 40412C101 5,802 75,000 SH   SOLE   75,000 0 0
HEALTH NET, INC. CMN Common Stock 42222G108 2,409 40,000 SH   SOLE   40,000 0 0
HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 251 15,000 SH   SOLE   15,000 0 0
HIGHER ONE HOLDINGS, INC. CMN Common Stock 42983D104 1,790 908,700 SH   SOLE   908,700 0 0
HOLLYFRONTIER CORP CMN Common Stock 436106108 987 20,214 SH   SOLE   20,214 0 0
HOLLYWOOD MEDIA CORP. CMN Common Stock 436233100 156 229,449 SH   SOLE   229,449 0 0
HOOPER HOLMES INC CMN Common Stock 439104100 68 596,395 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 633 10,000 SH   SOLE   10,000 0 0
HRG GROUP INC CMN Common Stock 40434J100 2,346 200,000 SH   SOLE   200,000 0 0
HUBBELL INCORPORATED CLASS B CMN CLASS B Common Stock 443510201 382 4,500 SH   SOLE   4,500 0 0
HUDSON GLOBAL, INC. CMN Common Stock 443787106 37 15,000 SH   SOLE   15,000 0 0
HUNTINGTON BANCSHARES INCORPOR*ATED CMN Common Stock 446150104 1,512 142,600 SH   SOLE   142,600 0 0
HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 1,765 566,276 SH   SOLE   566,276 0 0
INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 194 15,000 SH   SOLE   15,000 0 0
INDEPENDENT BANK CORP MASS CMN Common Stock 453836108 1,383 30,000 SH   SOLE   30,000 0 0
INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 2,783 1,008,255 SH   SOLE   1,008,255 0 0
INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 232 30,000 SH   SOLE   30,000 0 0
INTERNATIONAL SHIPHOLDING CORP COM STK Common Stock 460321201 48 12,600 SH   SOLE   12,600 0 0
INTERTAPE POLYMER GROUP INC CMN Common Stock 460919103 748 69,980 SH   SOLE   69,980 0 0
INVESCO LTD. CMN Common Stock G491BT108 468 15,000 SH   SOLE   15,000 0 0
INVESTORS TITLE CO CMN Common Stock 461804106 286 4,000 SH   SOLE   4,000 0 0
ISHARES CORE S&P 500 ETF CMN ETP 464287200 2,647 13,735 SH   SOLE   13,735 0 0
ISHARES RUSSELL 2000 VALUE ETF ETP 464287630 207 2,300 SH   SOLE   2,300 0 0
J.C. PENNEY CO INC (HLDNG CO) CMN Common Stock 708160106 186 20,000 SH   SOLE   20,000 0 0
JARDEN CORPORATION CMN Common Stock 471109108 220 4,500 SH   SOLE   4,500 0 0
JONES LANG LASALLE INC CMN Common Stock 48020Q107 1,078 7,500 SH   SOLE   7,500 0 0
JPMORGAN CHASE & CO CMN Common Stock 46625H100 3,109 51,000 SH   SOLE   51,000 0 0
KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 937 66,280 SH   SOLE   66,280 0 0
KEMET CORPORATION CMN Common Stock 488360207 43 23,400 SH   SOLE   23,400 0 0
KROGER COMPANY CMN Common Stock 501044101 1,082 30,000 SH   SOLE   30,000 0 0
LAKE SUNAPEE BK GROUP CMN Common Stock 510866106 2,672 183,765 SH   SOLE   183,765 0 0
LANDAUER INC CMN Common Stock 51476K103 740 19,998 SH   SOLE   19,998 0 0
LANNETT COMPANY, INC. CMN Common Stock 516012101 1,661 40,000 SH   SOLE   40,000 0 0
LEAPFROG ENTERPRISES INC CL A COM STK Common Stock 52186N106 43 60,700 SH   SOLE   60,700 0 0
LEAR CORPORATION CMN Common Stock 521865204 1,255 11,537 SH   SOLE   11,537 0 0
LIBBEY INC. CMN Common Stock 529898108 326 10,000 SH   SOLE   10,000 0 0
LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 159 312,143 SH   SOLE   312,143 0 0
LIQUIDITY SERVICES INC CMN Common Stock 53635B107 93 12,600 SH   SOLE   12,600 0 0
LKQ CORPORATION CMN Common Stock 501889208 2,836 100,000 SH   SOLE   100,000 0 0
LSI INDUSTRIES INC CMN Common Stock 50216C108 373 44,231 SH   SOLE   44,231 0 0
LUCAS ENERGY, INC. CMN Common Stock 549333201 59 27,292 SH   SOLE   27,292 0 0
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A Common Stock N53745100 1,667 20,000 SH   SOLE   20,000 0 0
MANPOWER GROUP CMN Common Stock 56418H100 246 3,000 SH   SOLE   3,000 0 0
MARCHEX INC CMN CLASS B Common Stock 56624R108 512 127,100 SH   SOLE   127,100 0 0
MARSH & MCLENNAN CO INC CMN Common Stock 571748102 1,044 20,000 SH   SOLE   20,000 0 0
MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 6,399 71,000 SH   SOLE   71,000 0 0
MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 4,325 50,000 SH   SOLE   50,000 0 0
MEDNAX INC CMN Common Stock 58502B106 553 7,200 SH   SOLE   7,200 0 0
MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 3,827 90,000 SH   SOLE   90,000 0 0
MFC INDL LTD COM Common Stock 55278T105 105 36,570 SH   SOLE   36,570 0 0
MFRI INC CMN Common Stock 552721102 63 12,226 SH   SOLE   12,226 0 0
MICROSOFT CORPORATION CMN Common Stock 594918104 299 6,760 SH   SOLE   6,760 0 0
MICROSTRATEGY INCORPORATED CMN CLASS A Common Stock 594972408 491 2,500 SH   SOLE   2,500 0 0
MIND CTI LTD YOQNEAM COM STK Common Stock M70240102 105 38,357 SH   SOLE   38,357 0 0
MITCHAM INDS INC CMN Common Stock 606501104 606 160,292 SH   SOLE   160,292 0 0
MONDELEZ INTERNATIONAL, INC. CMN Common Stock 609207105 2,512 60,000 SH   SOLE   60,000 0 0
MONSTER WORLDWIDE INC. CMN Common Stock 611742107 2,963 461,600 SH   SOLE   461,600 0 0
MORGAN STANLEY CMN Common Stock 617446448 20,003 635,000 SH   SOLE   635,000 0 0
MOVADO GROUP INC CMN Common Stock 624580106 258 10,000 SH   SOLE   10,000 0 0
MSCI INC. CMN Common Stock 55354G100 1,189 20,000 SH   SOLE   20,000 0 0
MUELLER WATER PRODUCTS, INC. CMN SERIES A Common Stock 624758108 1,041 135,855 SH   SOLE   135,855 0 0
NASDAQ INC. CMN Common Stock 631103108 533 10,000 SH   SOLE   10,000 0 0
NATHANS FAMOUS INC CMN Common Stock 632347100 266 7,000 SH   SOLE   7,000 0 0
NATL WESTN LIFE INS CO CL-A CMN CLASS A Common Stock 638522102 334 1,500 SH   SOLE   1,500 0 0
NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 725 68,550 SH   SOLE   68,550 0 0
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) ADR 641069406 487 6,500 SH   SOLE   6,500 0 0
NEW YORK & COMPANY, INC. CMN Common Stock 649295102 99 39,734 SH   SOLE   39,734 0 0
NICHOLAS FINANCIAL, INC. CMN Common Stock 65373J209 389 30,000 SH   SOLE   30,000 0 0
NIKE CLASS-B CMN CLASS B Common Stock 654106103 246 2,000 SH   SOLE   2,000 0 0
NN INC CMN Common Stock 629337106 185 10,000 SH   SOLE   10,000 0 0
NORTHERN TRUST CORP CMN Common Stock 665859104 470 6,900 SH   SOLE   6,900 0 0
OAKTREE CAPITAL GROUP, LLC CMN MLP 674001201 495 10,000 SH   SOLE   10,000 0 0
OMNICOM GROUP CMN Common Stock 681919106 659 10,000 SH   SOLE   10,000 0 0
OPTICAL CABLE CORP CMN Common Stock 683827208 106 32,496 SH   SOLE   32,496 0 0
OWENS RLTY MORTGAGE INC CMN Common Stock 690828108 413 30,000 SH   SOLE   30,000 0 0
PAPA JOHN'S INTERNATIONAL INC. CMN Common Stock 698813102 274 4,000 SH   SOLE   4,000 0 0
PAR TECHNOLOGY CORP CMN Common Stock 698884103 374 70,685 SH   SOLE   70,685 0 0
PARKWAY PROPERTIES INC MD CMN REIT 70159Q104 892 57,330 SH   SOLE   57,330 0 0
PARTNERRE LTD BERMUDA CMN Common Stock G6852T105 4,611 33,200 SH   SOLE   33,200 0 0
PATTERSON-UTI ENERGY, INC. ORD CMN Common Stock 703481101 526 40,000 SH   SOLE   40,000 0 0
PAYPAL HOLDINGS INC CMN Common Stock 70450Y103 1,272 40,979 SH   SOLE   40,979 0 0
PENTAIR PLC. CMN Common Stock H6169Q108 306 6,000 SH   SOLE   6,000 0 0
PEP BOYS MANNY-MOE &JACK CMN Common Stock 713278109 196 16,048 SH   SOLE   16,048 0 0
PEPSICO INC CMN Common Stock 713448108 18,860 200,000 SH   SOLE   200,000 0 0
PERCEPTRON INC CMN Common Stock 71361F100 578 76,103 SH   SOLE   76,103 0 0
PERFORMANT FINANCIAL CORP CMN ADR 71377E105 363 150,000 SH   SOLE   150,000 0 0
PGT INC CMN Common Stock 69336V101 798 65,000 SH   SOLE   65,000 0 0
PHH CORPORATION CMN Common Stock 693320202 1,624 115,000 SH   SOLE   115,000 0 0
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