Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNM	UNUMPROVIDENT CORP	595,451	$20.08M	4.0%	$27.92	+18.8%	COM	91529Y106
EG	EVEREST RE GROUP	99,469	$17.31M	3.4%	$99.45	+40.3%	COM	G3223R108
AIT	APPLIED INDL TECHNLGIES INC CO	285,444	$12.94M	2.6%	$36.74	-2.7%	COM	03820C105
NUE	NUCOR CORP	270,887	$12.88M	2.6%	$32.41	+10.9%	COM	670346105
—	FOREST CITY ENTERPRISES CLASS	482,115	$12.3M	2.5%	$17.91	—	COM	345550107
GRC	GORMAN RUPP CO	404,642	$12.12M	2.4%	$24.78	+18.5%	COM	383082104
LNT	ALLIANT CORP COM	176,219	$11.1M	2.2%	$16.89	+36.4%	COM	018802108
XOM	EXXON MOBIL CORPORATION	129,689	$11.02M	2.2%	$53.69	+3.5%	COM	30231G102
—	ARGO GROUP INTL HLDGS LTD COM	203,784	$10.22M	2.0%	$43.08	—	COM	G0464B107
HP	HELMERICH & PAYNE INC	149,345	$10.17M	2.0%	$61.96	+5.6%	COM	423452101
—	USA TRUCK INC COM	356,015	$9.858M	2.0%	$6.44	—	COM	902925106
—	LYDALL INC COM	309,133	$9.806M	2.0%	$14.60	—	COM	550819106
—	MEADWESTVACO CORPORATION	194,175	$9.684M	1.9%	$34.11	—	COM	583334107
CALY	CALLAWAY GOLF CO COM	951,668	$9.07M	1.8%	$6.64	+25.9%	COM	131193104
—	ENERPLUS CORPORATION	826,578	$8.381M	1.7%	$13.22	—	COM	292766102
WSO	WATSCO INC	62,550	$7.863M	1.6%	$84.42	+35.9%	COM	942622200
—	HESKA CORP COM RESTRC NEW	282,448	$7.282M	1.5%	$6.01	—	COM	42805E306
SCL	STEPAN CHEMICAL CO	174,058	$7.251M	1.4%	$51.68	-23.0%	COM	858586100
—	FUEL SYS SOLUTIONS INC COM	656,473	$7.247M	1.4%	$15.01	—	COM	35952W103
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	25,000	$6.901M	1.4%	$246.69	+10.5%	WARRANT AND RIGH	H69293217
BA	BOEING CO	45,199	$6.783M	1.4%	$80.37	+59.0%	COM	097023105
—	PHOENIX COMPANIES INC COM NEW	131,179	$6.558M	1.3%	$43.63	—	COM	71902E604
—	URSTADT BIDDLE PPTYS INC CL A	283,277	$6.532M	1.3%	$20.17	—	COM	917286205
CSWC	CAPITAL SOUTHWEST CORP COM	136,406	$6.332M	1.3%	$4.41	+32.8%	COM	140501107
PEP	PEPSICO INC	65,018	$6.217M	1.2%	$56.07	+24.3%	COM	713448108
AMWD	AMERICAN WOODMARK CORP COM	111,663	$6.111M	1.2%	$34.11	+34.6%	COM	030506109
TKOMY	TOKIO MARINE HOLDINGS INC	157,195	$5.949M	1.2%	$31.66	—	COM	889094108
—	MAGAL SECURITY SYS LTD ORD	1,087,412	$5.926M	1.2%	$3.61	—	COM	M6786D104
—	TUESDAY MORNING CORP COM NEW	366,361	$5.898M	1.2%	$10.37	—	COM	899035505
MRK	MERCK & COMPANY	99,926	$5.744M	1.1%	$30.06	+34.1%	COM	58933Y105
JNJ	JOHNSON & JOHNSON COM	55,754	$5.609M	1.1%	$59.66	+25.9%	COM	478160104
—	EKORNES ASA ORD	460,336	$5.6M	1.1%	$13.73	—	COM	R20126109
—	FIBRIA CELULOSE S.A. SP ADR	395,881	$5.594M	1.1%	$11.08	—	COM	31573A109
—	INVESTORS REAL ESTATE TR SH BE	739,268	$5.545M	1.1%	$8.23	—	COM	461730103
BGOUF	BANG & OLUFSEN HLG ORD B	595,110	$5.476M	1.1%	$4.75	-25.9%	COM	K07774126
INGR	INGREDION INC COM	70,300	$5.471M	1.1%	$70.28	+16.4%	COM	457187102
—	CIMAREX ENERGY CO COM	47,381	$5.453M	1.1%	$64.99	—	COM	171798101
UPS	UNITED PARCEL SVC INC CL B	54,990	$5.331M	1.1%	$55.38	+25.3%	COM	911312106
—	PENGROWTH ENERGY CORPORATION	1,766,051	$5.281M	1.1%	$4.49	—	COM	70706P104
662	ASIA FINANCIAL HOLDINGS LTD SH	12,124,415	$5.176M	1.0%	$0.44	—	COM	G0532X107
ALG	ALAMO GROUP INC COM	81,561	$5.149M	1.0%	$38.73	+26.3%	COM	011311107
—	PHOENIX COS INC NEW QUIBS 2032	192,778	$4.773M	1.0%	$23.87	—	PREFERRED STOCKS	71902E208
FEIM	FREQUENCY ELECTRS INC COM	327,059	$4.562M	0.9%	$7.91	+20.8%	COM	358010106
—	COLONIAL FINANCIAL SERVICES	315,555	$4.512M	0.9%	$13.46	—	COM	19566B101
DWSN	DAWSON GEOPHYSICAL CO NEW COM	1,043,062	$4.454M	0.9%	$4.61	0.0%	COM	239360100
—	HOLMEN AB SHS B	131,117	$4.424M	0.9%	$26.74	—	COM	W4200N112
MUR	MURPHY OIL CORP COM	94,300	$4.394M	0.9%	$34.19	-6.3%	COM	626717102
—	EMC INS GROUP INC	128,534	$4.345M	0.9%	$27.00	—	COM	268664109
—	TEXTAINER GROUP HOLDINGS LTDSH	139,426	$4.181M	0.8%	$37.47	—	COM	G8766E109
—	SCHULMAN A INC COM	84,010	$4.05M	0.8%	$26.82	—	COM	808194104
THG	HANOVER INS GROUP INC COM	55,775	$4.048M	0.8%	$34.64	+50.5%	COM	410867105
MFC	MANULIFE FINL CORP COM	237,500	$4.04M	0.8%	$15.16	+13.5%	COM	56501R106
—	CLIFTON BANCORP INC COM	280,162	$3.953M	0.8%	$12.67	—	COM	186873105
WSM	WILLIAMS SONOMA INC COM	49,200	$3.922M	0.8%	$20.11	+52.7%	COM	969904101
WST	WEST PHARMACEUTICAL SVCS INCCO	64,146	$3.862M	0.8%	$33.09	+53.9%	COM	955306105
—	NAUGATUCK VY FINL CORP	390,869	$3.588M	0.7%	$7.34	—	COM	63906P107
RYN	RAYONIER INC COM	132,887	$3.582M	0.7%	$34.80	—	COM	754907103
ATO	ATMOS ENERGY CORP COM	60,250	$3.332M	0.7%	$31.05	+36.4%	COM	049560105
ORN	ORION MARINE GROUP INC COM	371,978	$3.296M	0.7%	$10.70	-10.3%	COM	68628V308
RYAM	RAYONIER ADVANCED MATLS INC CO	220,428	$3.284M	0.7%	$20.73	-12.1%	COM	75508B104
—	CASTLE A M & CO	897,246	$3.275M	0.7%	$12.16	—	COM	148411101
—	ENERGY TRANSFER PRTNRS L P UNI	58,064	$3.237M	0.6%	$50.53	—	COM	29273R109
—	AEGON N V NY REGISTRY SH	375,220	$2.976M	0.6%	$7.15	—	COM	007924103
PTEN	PATTERSON-UTI ENERGY INC COM	156,384	$2.936M	0.6%	$21.83	-21.4%	COM	703481101
KIM	KIMCO RLTY CORP COM	108,802	$2.921M	0.6%	$12.61	+26.0%	COM	49446R109
SIG	SIGNET JEWELERS LIMITED SHS	20,470	$2.841M	0.6%	$54.92	+83.8%	COM	G81276100
MSADF	MS&AD INS GP HLDG (8725-JP)	96,302	$2.706M	0.5%	$8.23	+4.3%	COM	J4687C105
—	PENN WEST PETROLEUM LTD	1,612,783	$2.661M	0.5%	$7.21	—	COM	707887105
TRMLF	TOURMALINE OIL CORP COM	87,067	$2.635M	0.5%	$32.91	-39.3%	COM	89156V106
—	HARDINGE INC COM	198,010	$2.297M	0.5%	$11.94	—	COM	412324303
—	HMN FINL INC COM	180,817	$2.188M	0.4%	$7.11	—	COM	40424G108
—	CHUBU NIPPON BROADCAST CO LTSH	418,937	$2.148M	0.4%	$5.73	—	COM	J06594105
—	CONSOLIDATED TOMOKA LD CO COM	35,784	$2.135M	0.4%	$38.17	—	COM	210226106
—	EXPRESS SCRIPTS HOLDING COMPAN	24,293	$2.108M	0.4%	$61.97	—	COM	30219G108
ELME	WASHINGTON REAL ESTATE INVT SH	75,460	$2.085M	0.4%	$26.36	—	COM	939653101
BWEN	BROADWIND ENERGY INC COM NEW	407,834	$2.039M	0.4%	$7.57	-32.7%	COM	11161T207
—	WASHINGTONFIRST BANKSHARES ICO	116,985	$1.988M	0.4%	$11.30	—	COM	940730104
—	CHUBB CORP	19,400	$1.961M	0.4%	$84.64	—	COM	171232101
—	WESTERN ASSET CLYM INFL OPP CO	169,622	$1.924M	0.4%	$11.55	—	MUTUAL FUNDS	95766R104
—	LUBYS CAFETERIAS INC COM	357,464	$1.855M	0.4%	$7.07	—	COM	549282101
FTEK	FUEL TECH INC COM	577,899	$1.809M	0.4%	$4.36	-24.6%	COM	359523107
ALOT	ASTRO-MED INC NEW COM	123,436	$1.727M	0.3%	$9.12	+42.6%	COM	04638F108
—	BROADWAY FINL CORP DEL COM	1,345,776	$1.682M	0.3%	$1.07	—	COM	111444105
—	VECTREN CORP COM	37,235	$1.644M	0.3%	$33.83	—	COM	92240G101
—	MFS INTERMARKET INCOME TR I SH	183,051	$1.552M	0.3%	$8.14	—	COM	59318R103
—	ROYAL DUTCH SHELL PLC SPONS AD	25,950	$1.548M	0.3%	$63.98	—	COM	780259206
KO	COCA COLA CO COM	33,666	$1.365M	0.3%	$27.85	+6.3%	COM	191216100
—	PEOPLES UNITED FINANCIAL INCCO	89,541	$1.361M	0.3%	$14.90	—	COM	712704105
INN	SUMMIT HOTEL PPTYS INC COM	94,049	$1.323M	0.3%	$9.30	—	COM	866082100
—	SI FINANCIAL GROUP INC	106,757	$1.297M	0.3%	$11.05	—	COM	78425V104
—	ARGO GROUP US INC SR NT 42	49,264	$1.244M	0.2%	$20.21	—	PREFERRED STOCKS	040130205
WRB	BERKLEY W R CORP COM	24,322	$1.229M	0.2%	$9.58	+22.4%	COM	084423102
—	NEW YORK & CO INC COM	442,839	$1.107M	0.2%	$5.35	—	COM	649295102
GD	GENERAL DYNAMICS CORP COM	8,000	$1.086M	0.2%	$56.44	+92.0%	COM	369550108
BMY	BRISTOL MYERS SQUIBB CO	16,548	$1.067M	0.2%	$28.67	+51.6%	COM	110122108
KE	KIMBALL ELECTRONICS INC COM	73,591	$1.041M	0.2%	$10.71	+12.0%	COM	49428J109
—	KIMBALL INTL INC CL B	98,123	$1.028M	0.2%	$9.71	—	COM	494274103
MET	METLIFE INC COM	20,000	$1.011M	0.2%	$24.43	+27.8%	COM	59156R108
—	WESTERN ASSET CLYM INFL SEC CO	80,339	$926K	0.2%	$11.58	—	MUTUAL FUNDS	95766Q106
—	STATE AUTO FINL CORP	37,100	$901K	0.2%	$18.18	—	COM	855707105
—	GLOBAL TECH ADVANCED INNOVATIO	193,355	$735K	0.1%	$8.28	—	COM	G39320117
ECL	ECOLAB INC COM	6,400	$732K	0.1%	$90.95	+6.9%	COM	278865100
—	AEGON N V SUB NT 8%42	25,700	$730K	0.1%	$27.79	—	PREFERRED STOCKS	007924608
VWDRY	VESTAS WIND SYS AS UNSP ADR	51,100	$705K	0.1%	$4.73	—	COM	925458101
—	GENERAL ELEC CO	25,906	$643K	0.1%	$23.28	—	COM	369604103
—	CURRENCYSHARES EURO TRUST	5,900	$624K	0.1%	$128.99	—	COM	23130C108
GNLAF	GENESIS LAND DEV CORP COM	228,200	$586K	0.1%	$3.08	-6.4%	COM	37183V102
—	FOREST CITY ENTERPRISES CLASS	22,300	$569K	0.1%	$17.80	—	COM	345550305
—	HESS CORP COM	8,070	$548K	0.1%	$66.54	—	COM	42809H107
PFE	PFIZER INC COM	14,892	$518K	0.1%	$16.46	+22.1%	COM	717081103
WMT	WAL MART STORES INC	5,984	$492K	0.1%	$19.98	+15.3%	COM	931142103
KEWL	KEWEENAW LD ASSN LTD COM	4,403	$480K	0.1%	$10.65	+34.2%	COM	493026108
AAPL	APPLE COMPUTER INC COM	3,795	$472K	0.1%	$24.08	+11.5%	COM	037833100
TWI	TITAN INTL INC ILL COM	50,000	$468K	0.1%	$9.55	0.0%	COM	88830M102
GVDBF	GIVAUDAN AG GDR	257	$466K	0.1%	$1258.33	+46.5%	COM	H3238Q102
—	AEGON N V PERP CAP FLTG	18,040	$441K	0.1%	$20.63	—	PREFERRED STOCKS	007924509
—	WEST MARINE INC COM	44,999	$417K	0.1%	$10.99	—	COM	954235107
—	ROYCE OTC MICRO-CAP FD INC COM	41,880	$410K	0.1%	$10.79	—	COM	780915104
DVN	DEVON ENERGY CORP NEW COM	6,437	$388K	0.1%	$37.00	+12.3%	COM	25179M103
JOE	ST JOE CO COM	20,000	$371K	0.1%	$18.58	-7.5%	COM	790148100
—	MFS GOVT MKTS INCOME TR SH BEN	63,230	$354K	0.1%	$5.97	—	MUTUAL FUNDS	552939100
MSFT	MICROSOFT CORP COM	8,275	$336K	0.1%	$26.70	+39.5%	COM	594918104
—	ASPEN INSURANCE HOLDINGS LTDSH	6,500	$307K	0.1%	$37.08	—	COM	G05384105
FRD	FRIEDMAN INDS INC	46,545	$289K	0.1%	$8.37	-31.6%	COM	358435105
—	SOMPO JAPAN NIPPONKOA HLDGS SH	8,479	$262K	0.1%	$24.29	—	COM	J7618E108
MOG/A	MOOG INC CL A	3,375	$253K	0.1%	$58.16	+17.4%	COM	615394202
—	ORYX INTERNATIONAL GROWTH FUND	34,964	$242K	0.0%	$4.48	—	COM	G6775Y108
COP	CONOCOPHILLIPS COM	3,822	$238K	0.0%	$39.96	+14.0%	COM	20825C104
GTY	GETTY RLTY CORP NEW COM	12,804	$233K	0.0%	$20.62	—	COM	374297109
TKOMF	TOKIO MARINE HOLDINGS INC SHS	6,000	$227K	0.0%	$11.62	0.0%	COM	J86298106
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	1	$218K	0.0%	$199815.62	+10.6%	COM	084670108
TWIN	TWIN DISC INC COM	12,277	$217K	0.0%	$17.11	0.0%	COM	901476101
OXM	OXFORD INDS INC COM	2,760	$208K	0.0%	$56.31	0.0%	COM	691497309
CSCO	CISCO SYS INC COM	7,445	$205K	0.0%	$18.31	+9.8%	COM	17275R102
—	BRUNSWICK BANCORP INC COM	42,352	$201K	0.0%	$4.91	—	COM	117030106
—	BLACKROCK MUNI N Y INTER DURCO	12,901	$180K	0.0%	$13.49	—	MUTUAL FUNDS	09255F109
BRRE	BLUE RIDGE REAL ESTATE CO COM	17,406	$135K	0.0%	$7.34	+18.5%	COM	096005301
—	BOULDER GROWTH & INCOME FD ICO	10,560	$90,000	0.0%	$8.52	—	COM	101507101
—	RENESOLA LTD SPONS ADS	36,901	$54,000	0.0%	$3.10	—	COM	75971T103
—	ORION ENERGY SYSTEMS INC COM	15,883	$50,000	0.0%	$2.48	—	COM	686275108
—	TETHYS PETROLEUM LIMITED USD O	30,000	$3,000	0.0%	$0.77	—	COM	G87636109
—	BOART LONGYEAR LTD SYDNEY NSSH	17,250	$3,000	0.0%	$0.64	—	COM	Q1645L104
—	FAIRFAX FINL HLDGS LTD CONINGE	41,000	$0	0.0%	—	—	WARRANT AND RIGH	303901110
—	AMR CORP DEL COM	11,200	$0	0.0%	$4.02	—	COM	001765106
—	GASFRAC ENERGY SVCS INC COM	2,874,400	$0	0.0%	$1.29	—	COM	367257201
KIDBQ	KID BRANDS, INC. COM	329,769	$0	0.0%	$1.44	-99.9%	COM	49375T100
LECH 5 09/27/01	LECHTERS INC 20010927	385,000	$0	0.0%	—	—	CONVERTIBLE BOND	U52323AA7