Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UNM	UNUMPROVIDENT CORP	590,151	$20.84M	4.0%	$35.31	$27.85	+26.8%	COM	91529Y106
HP	HELMERICH & PAYNE INC	150,845	$16.23M	3.1%	$107.56	$61.96	+73.6%	COM	423452101
EG	EVEREST RE GROUP	103,819	$15.89M	3.1%	$153.05 *	$99.45	+20.2%	COM	G3223R108
NUE	NUCOR CORP	273,387	$13.82M	2.7%	$50.54 *	$32.41	+17.4%	COM	670346105
AIT	APPLIED INDL TECHNLGIES INC CO	285,444	$13.77M	2.7%	$48.24 *	$36.74	+7.8%	COM	03820C105
GRC	GORMAN RUPP CO	410,189	$13.04M	2.5%	$31.79	$24.78	+28.3%	COM	383082104
LNT	ALLIANT CORP COM	228,938	$13.01M	2.5%	$56.81 *	$16.89	+15.3%	COM	018802108
—	ENERPLUS CORPORATION	642,203	$12.86M	2.5%	$20.03	$14.79	—	COM	292766102
XOM	EXXON MOBIL CORPORATION	129,689	$12.67M	2.5%	$97.68 *	$53.69	+11.2%	COM	30231G102
—	JONES GROUP INC COM	755,667	$11.31M	2.2%	$14.97	$13.75	—	COM	48020T101
—	USA TRUCK INC COM	707,359	$10.41M	2.0%	$14.72	$6.44	—	COM	902925106
—	LYDALL INC COM	416,420	$9.524M	1.8%	$22.87	$14.60	—	COM	550819106
—	MEADWESTVACO CORPORATION	250,476	$9.428M	1.8%	$37.64	$34.11	—	COM	583334107
—	FOREST CITY ENTERPRISES CLASS	490,815	$9.375M	1.8%	$19.10	$17.91	—	COM	345550107
CALY	CALLAWAY GOLF CO COM	845,231	$8.639M	1.7%	$10.22 *	$6.48	+54.5%	COM	131193104
—	ARGO GROUP INTL HLDGS LTD COM	188,078	$8.623M	1.7%	$45.85	$42.39	—	COM	G0464B107
—	PENN WEST PETROLEUM LTD	1,031,238	$8.621M	1.7%	$8.36	$10.16	—	COM	707887105
—	TUESDAY MORNING CORP COM NEW	570,085	$8.067M	1.6%	$14.15	$10.37	—	COM	899035505
—	URSTADT BIDDLE PPTYS INC CL A	378,167	$7.813M	1.5%	$20.66	$20.17	—	COM	917286205
—	CASTLE A M & CO	514,057	$7.551M	1.5%	$14.69	$15.70	—	COM	148411101
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	25,000	$7.5M	1.5%	$300.00 *	$246.69	+16.9%	WARRANT AND RIGH	H69293217
—	PENGROWTH ENERGY CORPORATION	1,170,595	$7.117M	1.4%	$6.08	$4.93	—	COM	70706P104
—	FUEL SYS SOLUTIONS INC COM	608,389	$6.546M	1.3%	$10.76	$15.88	—	COM	35952W103
PTEN	PATTERSON-UTI ENERGY INC COM	205,484	$6.51M	1.3%	$31.68	$21.83	+45.2%	COM	703481101
WSO	WATSCO INC	63,650	$6.359M	1.2%	$99.91	$84.42	+18.3%	COM	942622200
SCL	STEPAN CHEMICAL CO	98,466	$6.357M	1.2%	$64.56	$56.48	+14.3%	COM	858586100
—	PHOENIX COMPANIES INC COM NEW	116,486	$6.028M	1.2%	$51.75	$43.00	—	COM	71902E604
MRK	MERCK & COMPANY	99,926	$5.673M	1.1%	$56.77 *	$30.06	+25.2%	COM	58933Y105
BA	BOEING CO	45,199	$5.672M	1.1%	$125.49 *	$80.37	+34.2%	COM	097023105
—	CIMAREX ENERGY CO COM	47,381	$5.644M	1.1%	$119.12	$64.99	—	COM	171798101
UPS	UNITED PARCEL SVC INC CL B	57,490	$5.598M	1.1%	$97.37 *	$55.38	+16.2%	COM	911312106
—	VECTREN CORP COM	140,136	$5.52M	1.1%	$39.39	$33.83	—	COM	92240G101
JNJ	JOHNSON & JOHNSON COM	55,754	$5.477M	1.1%	$98.24 *	$59.66	+18.8%	COM	478160104
PEP	PEPSICO INC	65,018	$5.429M	1.1%	$83.50 *	$56.07	+4.8%	COM	713448108
—	FIBRIA CELULOSE S.A. SP ADR	447,420	$4.948M	1.0%	$11.06	$11.09	—	COM	31573A109
INGR	INGREDION INC COM	71,300	$4.854M	0.9%	$68.08	$70.28	-3.1%	COM	457187102
—	HOLMEN AB SHS B	132,017	$4.846M	0.9%	$36.71	$26.74	—	COM	W4200N112
ATO	ATMOS ENERGY CORP COM	102,150	$4.814M	0.9%	$47.13 *	$31.05	+13.9%	COM	049560105
—	SANTONIA ENERGY INC COM	3,406,340	$4.803M	0.9%	$1.41	$1.49	—	COM	803007103
CSWC	CAPITAL SOUTHWEST CORP COM	137,956	$4.79M	0.9%	$34.72 *	$4.41	+1.0%	COM	140501107
TKOMY	TOKIO MARINE HOLDINGS INC	157,195	$4.729M	0.9%	$30.08	$31.01	-2.7%	COM	889094108
ORN	ORION MARINE GROUP INC COM	371,978	$4.676M	0.9%	$12.57	$10.70	+17.4%	COM	68628V308
662	ASIA FINANCIAL HOLDINGS LTD SH	11,062,415	$4.602M	0.9%	$0.42	$0.45	—	COM	G0532X107
—	PHOENIX COS INC NEW QUIBS 2032	196,102	$4.589M	0.9%	$23.40	$23.87	—	PREFERRED STOCKS	71902E208
MFC	MANULIFE FINL CORP COM	237,500	$4.586M	0.9%	$19.31	$15.16	+27.4%	COM	56501R106
WSM	WILLIAMS SONOMA INC COM	68,400	$4.558M	0.9%	$66.64 *	$20.11	+26.0%	COM	969904101
—	TEXTAINER GROUP HOLDINGS LTDSH	119,026	$4.555M	0.9%	$38.27	$38.44	—	COM	G8766E109
AMWD	AMERICAN WOODMARK CORP COM	133,801	$4.504M	0.9%	$33.66 *	$34.15	+0.6%	COM	030506109
BGOUF	BANG & OLUFSEN HLG ORD B	377,693	$4.427M	0.9%	$11.72 *	$5.33	-0.8%	COM	K07774126
KIM	KIMCO RLTY CORP COM	196,902	$4.308M	0.8%	$21.88 *	$12.61	-1.3%	COM	49446R109
MUR	MURPHY OIL CORP COM	65,900	$4.143M	0.8%	$62.87 *	$34.54	+18.1%	COM	626717102
—	MAGAL SECURITY SYS LTD ORD	1,125,558	$4.131M	0.8%	$3.67	$3.61	—	COM	M6786D104
ALG	ALAMO GROUP INC COM	75,348	$4.094M	0.8%	$54.33 *	$38.15	+33.6%	COM	011311107
THG	HANOVER INS GROUP INC COM	65,675	$4.035M	0.8%	$61.44 *	$34.64	+28.1%	COM	410867105
—	EKORNES ASA ORD	249,728	$3.963M	0.8%	$15.87	$14.96	—	COM	R20126109
—	INVESTORS REAL ESTATE TR SH BE	440,815	$3.959M	0.8%	$8.98	$8.60	—	COM	461730103
—	SCHULMAN A INC COM	108,771	$3.944M	0.8%	$36.26	$26.82	—	COM	808194104
—	EMC INS GROUP INC	109,170	$3.879M	0.8%	$35.53	$26.65	—	COM	268664109
FEIM	FREQUENCY ELECTRS INC COM	330,409	$3.572M	0.7%	$10.81 *	$7.91	+8.3%	COM	358010106
—	COLONIAL FINANCIAL SERVICES	320,471	$3.544M	0.7%	$11.06	$13.46	—	COM	19566B101
—	CLIFTON SVGS BANCORP INC COM	290,369	$3.403M	0.7%	$11.72	$11.93	—	COM	18712Q103
—	ENERGY TRANSFER PRTNRS L P UNI	58,064	$3.123M	0.6%	$53.79	$50.53	—	COM	29273R109
—	NAUGATUCK VY FINL CORP	407,862	$3.071M	0.6%	$7.53	$7.34	—	COM	63906P107
—	HESKA CORP COM RESTRC NEW	282,448	$2.977M	0.6%	$10.54	$6.01	—	COM	42805E306
RYN	RAYONIER INC COM	64,600	$2.966M	0.6%	$45.91	$42.09	—	COM	754907103
WST	WEST PHARMACEUTICAL SVCS INCCO	64,146	$2.826M	0.5%	$44.06 *	$33.09	+26.0%	COM	955306105
—	DAWSON GEOPHYSICAL CO COM	96,519	$2.703M	0.5%	$28.00	$36.86	—	COM	239359102
—	GASFRAC ENERGY SVCS INC COM	1,573,100	$2.69M	0.5%	$1.71	$1.89	—	COM	367257201
SIG	SIGNET JEWELERS LIMITED SHS	24,150	$2.557M	0.5%	$105.88 *	$54.92	+56.1%	COM	G81276100
ELME	WASHINGTON REAL ESTATE INVT SH	105,660	$2.523M	0.5%	$23.88	$26.36	—	COM	939653101
—	CHUBU NIPPON BROADCAST CO LTSH	428,137	$2.479M	0.5%	$5.79	$5.73	—	COM	J06594105
MSADF	MS&AD INS GP HLDG (8725-JP)	96,302	$2.211M	0.4%	$22.96 *	$8.23	-10.3%	COM	J4687C105
—	WASHINGTONFIRST BANKSHARES ICO	133,994	$1.952M	0.4%	$14.57	$11.30	—	COM	940730104
—	ROYAL DUTCH SHELL PLC SPONS AD	25,950	$1.896M	0.4%	$73.06	$63.98	—	COM	780259206
—	AEGON N V NY REGISTRY SH	198,357	$1.825M	0.4%	$9.20	$6.76	—	COM	007924103
—	EXPRESS SCRIPTS HOLDING COMPAN	24,293	$1.824M	0.4%	$75.08	$61.97	—	COM	30219G108
—	HMN FINL INC COM	184,467	$1.817M	0.4%	$9.85	$7.11	—	COM	40424G108
—	KIMBALL INTL INC CL B	98,123	$1.777M	0.3%	$18.11	$9.71	—	COM	494274103
—	CHUBB CORP	19,400	$1.732M	0.3%	$89.28	$84.64	—	COM	171232101
—	MFS GOVT MKTS INCOME TR SH BEN	271,564	$1.548M	0.3%	$5.70	$5.97	—	MUTUAL FUNDS	552939100
—	CONSOLIDATED TOMOKA LD CO COM	37,834	$1.524M	0.3%	$40.28	$38.17	—	COM	210226106
—	MFS INTERMARKET INCOME TR I SH	183,051	$1.523M	0.3%	$8.32	$8.14	—	COM	59318R103
ALOT	ASTRO-MED INC NEW COM	123,436	$1.468M	0.3%	$11.89 *	$9.12	+16.0%	COM	04638F108
—	NEW YORK & CO INC COM	331,731	$1.456M	0.3%	$4.39	$6.23	—	COM	649295102
—	PEOPLES UNITED FINANCIAL INCCO	89,541	$1.331M	0.3%	$14.86	$14.90	—	COM	712704105
KO	COCA COLA CO COM	33,666	$1.302M	0.3%	$38.67 *	$27.85	-4.0%	COM	191216100
—	LUBYS CAFETERIAS INC COM	206,069	$1.269M	0.2%	$6.16	$8.20	—	COM	549282101
—	SI FINANCIAL GROUP INC	111,908	$1.261M	0.2%	$11.27	$11.05	—	COM	78425V104
—	ARGO GROUP US INC SR NT 42	51,064	$1.175M	0.2%	$23.01	$20.21	—	PREFERRED STOCKS	040130205
—	GLOBAL TECH ADVANCED INNOVATIO	189,855	$1.08M	0.2%	$5.69	$8.32	—	COM	G39320117
MET	METLIFE INC COM	20,000	$1.056M	0.2%	$52.80 *	$24.43	+30.5%	COM	59156R108
WRB	BERKLEY W R CORP COM	24,322	$1.012M	0.2%	$41.61 *	$9.58	-1.2%	COM	084423102
—	BROADWAY FINL CORP DEL COM	861,059	$964K	0.2%	$1.12	$0.92	—	COM	111444105
—	CURRENCYSHARES EURO TRUST	6,900	$939K	0.2%	$136.09	$128.99	—	COM	23130C108
HGTXU	HUGOTON RTY TR TEX UNIT BEN IN	114,100	$921K	0.2%	$8.07	$8.62	—	COM	444717102
BMY	BRISTOL MYERS SQUIBB CO	17,373	$903K	0.2%	$51.98 *	$28.67	+22.4%	COM	110122108
INN	SUMMIT HOTEL PPTYS INC COM	94,049	$873K	0.2%	$9.28	$9.30	—	COM	866082100
GD	GENERAL DYNAMICS CORP COM	8,000	$871K	0.2%	$108.88 *	$56.44	+49.4%	COM	369550108
—	STATE AUTO FINL CORP	37,100	$791K	0.2%	$21.32	$18.18	—	COM	855707105
—	AEGON N V SUB NT 8%42	25,700	$743K	0.1%	$28.91	$27.79	—	PREFERRED STOCKS	007924608
—	CORTS TR II PROVIDENT FING TCO	26,326	$740K	0.1%	$28.11	$28.46	—	PREFERRED STOCKS	22081B200
VWDRY	VESTAS WIND SYS AS UNSP ADR	52,600	$705K	0.1%	$13.40	$3.58	+273.3%	COM	925458101
ECL	ECOLAB INC COM	6,400	$691K	0.1%	$107.97 *	$90.95	+4.4%	COM	278865100
—	HESS CORP COM	8,070	$669K	0.1%	$82.90	$66.54	—	COM	42809H107
ACCO	ACCO BRANDS CORP COM	107,493	$662K	0.1%	$6.16 *	$4.71	-8.8%	COM	00081T108
—	GENERAL ELEC CO	25,408	$658K	0.1%	$25.90	$23.25	—	COM	369604103
MKL	MARKEL CORP COM	997	$594K	0.1%	$595.79	$523.59	+13.8%	COM	570535104
—	WEST MARINE INC COM	44,999	$512K	0.1%	$11.38	$10.99	—	COM	954235107
—	WESTERN ASSET CLYM INFL OPP CO	42,704	$497K	0.1%	$11.64	$11.49	—	COM	95766R104
PFE	PFIZER INC COM	14,892	$478K	0.1%	$32.10 *	$16.46	+13.4%	COM	717081103
WMT	WAL MART STORES INC	5,984	$457K	0.1%	$76.37 *	$19.98	+1.5%	COM	931142103
—	VIASYSTEMS GROUP INC COM	36,048	$451K	0.1%	$12.51	$11.53	—	COM	92553H803
DVN	DEVON ENERGY CORP NEW COM	6,437	$431K	0.1%	$66.96 *	$37.00	+21.9%	COM	25179M103
—	FOREST CITY ENTERPRISES CLASS	22,300	$424K	0.1%	$19.01	$17.80	—	COM	345550305
—	ROYCE OTC MICRO-CAP FD INC COM	34,407	$421K	0.1%	$12.24	$10.95	—	COM	780915104
GVDBF	GIVAUDAN AG GDR	257	$398K	0.1%	$1548.64 *	$1258.33	+18.6%	COM	H3238Q102
—	ORYX INTERNATIONAL GROWTH FUND	56,170	$395K	0.1%	$7.03	$4.48	—	COM	G6775Y108
FRD	FRIEDMAN INDS INC	46,545	$392K	0.1%	$8.42 *	$8.37	-11.3%	COM	358435105
JOE	ST JOE CO COM	20,000	$385K	0.1%	$19.25	$18.58	+3.6%	COM	790148100
MSFT	MICROSOFT CORP COM	9,375	$384K	0.1%	$40.96 *	$26.70	+28.3%	COM	594918104
KIDBQ	KID BRANDS, INC. COM	1,093,199	$383K	0.1%	$0.35	$1.44	-75.7%	COM	49375T100
—	HI-CRUSH PARTNERS LP COM UNIT	9,300	$375K	0.1%	$40.32	$40.32	—	COM	428337109
KEWL	KEWEENAW LD ASSN LTD COM	4,403	$356K	0.1%	$80.85 *	$10.65	+5.1%	COM	493026108
—	HAMPDEN BANCORP INC COM	21,138	$333K	0.1%	$15.75	$14.91	—	COM	40867E107
MUEL	MUELLER PAUL CO	7,614	$321K	0.1%	$42.16 *	$19.14	+65.5%	COM	624752101
—	NORTH VALLEY BANCORP COM NEW	13,180	$319K	0.1%	$24.20	$16.52	—	COM	66304M204
—	AEGON N V PERP CAP FLTG	13,440	$287K	0.1%	$21.35	$19.64	—	PREFERRED STOCKS	007924509
COP	CONOCOPHILLIPS COM	3,822	$269K	0.1%	$70.38 *	$39.96	+20.1%	COM	20825C104
—	ASPEN INSURANCE HOLDINGS LTDSH	6,500	$258K	0.0%	$39.69	$37.08	—	COM	G05384105
GTY	GETTY RLTY CORP NEW COM	12,804	$242K	0.0%	$18.90	$20.62	—	COM	374297109
MOG/A	MOOG INC CL A	3,375	$221K	0.0%	$65.48 *	$58.16	+4.1%	COM	615394202
—	NKSJ HOLDINGS INC SHS ISIN #JP	8,479	$218K	0.0%	$25.71	$23.82	—	COM	J58699109
OXM	OXFORD INDS INC COM	2,760	$216K	0.0%	$78.26	$60.84	+28.5%	COM	691497309
MMLP	MARTIN MIDSTREAM PRTNRS L P UN	5,000	$215K	0.0%	$43.00	$42.80	—	COM	573331105
—	BLACKROCK MUNI N Y INTER DURCO	12,901	$175K	0.0%	$13.56	$13.49	—	MUTUAL FUNDS	09255F109
—	BRUNSWICK BANCORP INC COM	30,816	$148K	0.0%	$4.80	$4.97	—	COM	117030106
BRRE	BLUE RIDGE REAL ESTATE CO COM	17,406	$139K	0.0%	$7.99	$7.34	+9.0%	COM	096005301
—	BLACKROCK NY INS MUN INC TR CO	10,189	$131K	0.0%	$12.86	$12.07	—	MUTUAL FUNDS	09249U105
—	ORION ENERGY SYSTEMS INC COM	15,883	$115K	0.0%	$7.24	$2.48	—	COM	686275108
—	RENESOLA LTD SPONS ADS	21,901	$70,000	0.0%	$3.20	$3.20	—	COM	75971T103
—	TETHYS PETROLEUM LIMITED USD O	30,000	$16,000	0.0%	$0.53	$0.77	—	COM	G87636109
—	BOART LONGYEAR LTD SYDNEY NSSH	17,250	$5,000	0.0%	$0.29	$0.64	—	COM	Q1645L104
—	AMR CORP DEL COM	11,200	$0	0.0%	$0.00	$4.02	—	COM	001765106
—	FAIRFAX FINL HLDGS LTD CONINGE	41,000	$0	0.0%	$0.00	—	—	WARRANT AND RIGH	303901110
LECH 5 09/27/01	LECHTERS INC 20010927	385,000	$0	0.0%	$0.00	—	—	CONVERTIBLE BOND	U52323AA7