Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UNM	UNUMPROVIDENT CORP	595,451	$21.29M	4.4%	$35.75	$27.92	+28.1%	COM	91529Y106
EG	EVEREST RE GROUP	99,469	$18.1M	3.7%	$182.01 *	$99.45	+46.6%	COM	G3223R108
NUE	NUCOR CORP	270,287	$11.91M	2.4%	$44.07 *	$32.41	+6.3%	COM	670346105
GRC	GORMAN RUPP CO	420,114	$11.8M	2.4%	$28.08	$24.91	+12.7%	COM	383082104
AIT	APPLIED INDL TECHNLGIES INC CO	285,444	$11.32M	2.3%	$39.65 *	$36.74	-8.9%	COM	03820C105
XOM	EXXON MOBIL CORPORATION	130,355	$10.85M	2.2%	$83.20 *	$53.69	-1.8%	COM	30231G102
—	ARGO GROUP INTL HLDGS LTD COM	193,074	$10.75M	2.2%	$55.70	$43.08	—	COM	G0464B107
—	FOREST CITY ENTERPRISES CLASS	482,115	$10.65M	2.2%	$22.10	$17.91	—	COM	345550107
HP	HELMERICH & PAYNE INC	149,345	$10.52M	2.2%	$70.42	$61.96	+13.7%	COM	423452101
LNT	ALLIANT CORP COM	176,619	$10.19M	2.1%	$57.72 *	$16.89	+22.2%	COM	018802108
SCL	STEPAN CHEMICAL CO	173,058	$9.364M	1.9%	$54.11	$51.68	+4.7%	COM	858586100
—	MEADWESTVACO CORPORATION	194,175	$9.163M	1.9%	$47.19	$34.11	—	COM	583334107
—	LYDALL INC COM	308,633	$9.123M	1.9%	$29.56	$14.60	—	COM	550819106
CALY	CALLAWAY GOLF CO COM	951,668	$8.508M	1.7%	$8.94	$6.64	+32.6%	COM	131193104
MUR	MURPHY OIL CORP COM	197,850	$8.225M	1.7%	$41.57 *	$32.19	-13.5%	COM	626717102
—	HESKA CORP COM RESTRC NEW	265,548	$7.884M	1.6%	$29.69	$6.01	—	COM	42805E306
WSO	WATSCO INC	62,550	$7.74M	1.6%	$123.74	$84.42	+46.6%	COM	942622200
—	USA TRUCK INC COM	356,015	$7.558M	1.5%	$21.23	$6.44	—	COM	902925106
—	ENERPLUS CORPORATION	827,478	$7.273M	1.5%	$8.79	$13.22	—	COM	292766102
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	25,000	$7.009M	1.4%	$280.36 *	$246.69	+17.1%	WARRANT AND RIGH	H69293217
CSWC	CAPITAL SOUTHWEST CORP COM	134,528	$6.717M	1.4%	$49.93 *	$4.41	+46.4%	COM	140501107
TKOMY	TOKIO MARINE HOLDINGS INC	156,195	$6.502M	1.3%	$41.63	$31.01	+34.7%	COM	889094108
662	ASIA FINANCIAL HOLDINGS LTD SH	12,282,415	$6.301M	1.3%	$0.51	$0.45	—	COM	G0532X107
BA	BOEING CO	45,199	$6.27M	1.3%	$138.72 *	$80.37	+52.9%	COM	097023105
PEP	PEPSICO INC	65,018	$6.069M	1.2%	$93.34 *	$56.07	+21.4%	COM	713448108
MRK	MERCK & COMPANY	100,959	$5.748M	1.2%	$56.93 *	$30.17	+30.0%	COM	58933Y105
—	INVESTORS REAL ESTATE TR SH BE	803,354	$5.736M	1.2%	$7.14	$8.14	—	COM	461730103
—	FUEL SYS SOLUTIONS INC COM	758,662	$5.675M	1.2%	$7.48	$13.99	—	COM	35952W103
AMWD	AMERICAN WOODMARK CORP COM	102,763	$5.637M	1.2%	$54.85 *	$34.11	+56.1%	COM	030506109
INGR	INGREDION INC COM	70,300	$5.611M	1.1%	$79.82	$70.28	+13.6%	COM	457187102
—	EKORNES ASA ORD	460,336	$5.558M	1.1%	$12.07	$13.73	—	COM	R20126109
JNJ	JOHNSON & JOHNSON COM	56,554	$5.512M	1.1%	$97.46 *	$59.87	+21.6%	COM	478160104
—	FIBRIA CELULOSE S.A. SP ADR	395,881	$5.388M	1.1%	$13.61	$11.08	—	COM	31573A109
UPS	UNITED PARCEL SVC INC CL B	54,990	$5.329M	1.1%	$96.91 *	$55.38	+19.7%	COM	911312106
—	CASTLE A M & CO	858,946	$5.3M	1.1%	$6.17	$12.16	—	COM	148411101
—	URSTADT BIDDLE PPTYS INC CL A	283,277	$5.291M	1.1%	$18.68	$20.17	—	COM	917286205
BGOUF	BANG & OLUFSEN HLG ORD B	595,110	$5.111M	1.0%	$8.59 *	$4.75	-10.8%	COM	K07774126
—	PENGROWTH ENERGY CORPORATION	2,039,519	$5.078M	1.0%	$2.49	$4.22	—	COM	70706P104
DWSN	DAWSON GEOPHYSICAL CO NEW COM	1,048,194	$4.927M	1.0%	$4.70 *	$4.61	-17.2%	COM	239360100
—	MAGAL SECURITY SYS LTD ORD	1,123,604	$4.899M	1.0%	$4.36	$3.63	—	COM	M6786D104
—	EMC INS GROUP INC	192,796	$4.833M	1.0%	$25.07	$26.36	—	COM	268664109
—	TUESDAY MORNING CORP COM NEW	404,861	$4.561M	0.9%	$11.27	$10.46	—	COM	899035505
—	PHOENIX COS INC NEW QUIBS 2032	221,778	$4.511M	0.9%	$20.34	$23.41	—	PREFERRED STOCKS	71902E208
—	TEXTAINER GROUP HOLDINGS LTDSH	171,826	$4.469M	0.9%	$26.01	$35.31	—	COM	G8766E109
ALG	ALAMO GROUP INC COM	81,561	$4.456M	0.9%	$54.63 *	$38.73	+33.4%	COM	011311107
MFC	MANULIFE FINL CORP COM	237,500	$4.415M	0.9%	$18.59	$15.16	+22.6%	COM	56501R106
—	HOLMEN AB SHS B	143,117	$4.172M	0.9%	$29.15	$26.94	—	COM	W4200N112
—	NAUGATUCK VY FINL CORP	390,666	$4.149M	0.8%	$10.62	$7.34	—	COM	63906P107
WSM	WILLIAMS SONOMA INC COM	49,200	$4.048M	0.8%	$82.28 *	$20.11	+59.2%	COM	969904101
THG	HANOVER INS GROUP INC COM	53,275	$3.944M	0.8%	$74.03 *	$34.64	+59.0%	COM	410867105
—	CLIFTON BANCORP INC COM	280,162	$3.919M	0.8%	$13.99	$12.67	—	COM	186873105
—	CIMAREX ENERGY CO COM	35,381	$3.903M	0.8%	$110.31	$64.99	—	COM	171798101
RYN	RAYONIER INC COM	152,587	$3.898M	0.8%	$25.55	$33.60	—	COM	754907103
FEIM	FREQUENCY ELECTRS INC COM	327,059	$3.689M	0.8%	$11.28 *	$7.91	+13.0%	COM	358010106
WST	WEST PHARMACEUTICAL SVCS INCCO	63,446	$3.685M	0.8%	$58.08 *	$33.09	+68.1%	COM	955306105
—	SCHULMAN A INC COM	84,010	$3.673M	0.8%	$43.72	$26.82	—	COM	808194104
—	PHOENIX COMPANIES INC COM NEW	199,617	$3.641M	0.7%	$18.24	$34.93	—	COM	71902E604
RYAM	RAYONIER ADVANCED MATLS INC CO	220,428	$3.584M	0.7%	$16.26	$20.73	-21.6%	COM	75508B104
TRMLF	TOURMALINE OIL CORP COM	116,067	$3.479M	0.7%	$29.97 *	$29.95	-34.6%	COM	89156V106
ORN	ORION MARINE GROUP INC COM	427,948	$3.09M	0.6%	$7.22	$10.37	-30.4%	COM	68628V308
ATO	ATMOS ENERGY CORP COM	60,250	$3.089M	0.6%	$51.27 *	$31.05	+28.5%	COM	049560105
—	ENERGY TRANSFER PRTNRS L P UNI	58,064	$3.031M	0.6%	$52.20	$50.53	—	COM	29273R109
MSADF	MS&AD INS GP HLDG (8725-JP)	96,302	$3.001M	0.6%	$31.16 *	$8.23	+22.9%	COM	J4687C105
—	AEGON N V NY REGISTRY SH	381,825	$2.825M	0.6%	$7.40	$7.15	—	COM	007924103
SIG	SIGNET JEWELERS LIMITED SHS	20,470	$2.625M	0.5%	$128.24 *	$54.92	+90.6%	COM	G81276100
KIM	KIMCO RLTY CORP COM	108,802	$2.452M	0.5%	$22.54 *	$12.61	+6.7%	COM	49446R109
BWEN	BROADWIND ENERGY INC COM NEW	555,126	$2.354M	0.5%	$4.24	$6.67	-36.4%	COM	11161T207
ELME	WASHINGTON REAL ESTATE INVT SH	90,460	$2.347M	0.5%	$25.95	$26.29	—	COM	939653101
—	HARDINGE INC COM	235,221	$2.317M	0.5%	$9.85	$11.61	—	COM	412324303
—	CHUBU NIPPON BROADCAST CO LTSH	418,937	$2.258M	0.5%	$5.39	$5.73	—	COM	J06594105
PTEN	PATTERSON-UTI ENERGY INC COM	119,500	$2.248M	0.5%	$18.81	$21.83	-13.8%	COM	703481101
—	PENN WEST PETROLEUM LTD	1,258,030	$2.176M	0.4%	$1.73	$7.21	—	COM	707887105
—	EXPRESS SCRIPTS HOLDING COMPAN	24,293	$2.161M	0.4%	$88.96	$61.97	—	COM	30219G108
—	HMN FINL INC COM	180,817	$2.132M	0.4%	$11.79	$7.11	—	COM	40424G108
—	WESTERN ASSET CLYM INFL OPP CO	184,822	$2.068M	0.4%	$11.19	$11.52	—	MUTUAL FUNDS	95766R104
—	CONSOLIDATED TOMOKA LD CO COM	35,784	$2.063M	0.4%	$57.65	$38.17	—	COM	210226106
—	WASHINGTONFIRST BANKSHARES ICO	116,985	$1.967M	0.4%	$16.81	$11.30	—	COM	940730104
—	BROADWAY FINL CORP DEL COM	1,345,776	$1.884M	0.4%	$1.40	$1.07	—	COM	111444105
—	CHUBB CORP	19,400	$1.846M	0.4%	$95.15	$84.64	—	COM	171232101
ALOT	ASTRO-MED INC NEW COM	123,436	$1.766M	0.4%	$14.31 *	$9.12	+43.1%	COM	04638F108
—	LUBYS CAFETERIAS INC COM	357,464	$1.734M	0.4%	$4.85	$7.07	—	COM	549282101
FTEK	FUEL TECH INC COM	749,608	$1.642M	0.3%	$2.19	$3.96	-44.7%	COM	359523107
—	CAPE BANCORP INC COM	158,501	$1.499M	0.3%	$9.46	$9.46	—	COM	139209100
—	ROYAL DUTCH SHELL PLC SPONS AD	25,950	$1.479M	0.3%	$56.99	$63.98	—	COM	780259206
—	PEOPLES UNITED FINANCIAL INCCO	89,541	$1.451M	0.3%	$16.20	$14.90	—	COM	712704105
—	VECTREN CORP COM	37,235	$1.433M	0.3%	$38.49	$33.83	—	COM	92240G101
KO	COCA COLA CO COM	33,666	$1.321M	0.3%	$39.24 *	$27.85	+1.2%	COM	191216100
WRB	BERKLEY W R CORP COM	24,322	$1.263M	0.3%	$51.93 *	$9.58	+27.2%	COM	084423102
—	ARGO GROUP US INC SR NT 42	49,264	$1.242M	0.3%	$25.21	$20.21	—	PREFERRED STOCKS	040130205
INN	SUMMIT HOTEL PPTYS INC COM	94,049	$1.224M	0.3%	$13.01	$9.30	—	COM	866082100
—	SI FINANCIAL GROUP INC	104,516	$1.217M	0.2%	$11.64	$11.05	—	COM	78425V104
—	KIMBALL INTL INC CL B	98,123	$1.193M	0.2%	$12.16	$9.71	—	COM	494274103
—	NEW YORK & CO INC COM	442,839	$1.187M	0.2%	$2.68	$5.35	—	COM	649295102
—	MFS INTERMARKET INCOME TR I SH	139,213	$1.174M	0.2%	$8.43	$8.14	—	COM	59318R103
—	WESTERN ASSET CLYM INFL SEC CO	103,639	$1.168M	0.2%	$11.27	$11.51	—	MUTUAL FUNDS	95766Q106
GD	GENERAL DYNAMICS CORP COM	8,000	$1.134M	0.2%	$141.75 *	$56.44	+100.4%	COM	369550108
MET	METLIFE INC COM	20,000	$1.12M	0.2%	$56.00 *	$24.43	+43.3%	COM	59156R108
BMY	BRISTOL MYERS SQUIBB CO	16,548	$1.101M	0.2%	$66.53 *	$28.67	+62.0%	COM	110122108
KE	KIMBALL ELECTRONICS INC COM	73,591	$1.074M	0.2%	$14.59	$10.71	+36.2%	COM	49428J109
—	STATE AUTO FINL CORP	37,100	$889K	0.2%	$23.96	$18.18	—	COM	855707105
VWDRY	VESTAS WIND SYS AS UNSP ADR	51,100	$850K	0.2%	$16.63	$3.58	+366.4%	COM	925458101
ECL	ECOLAB INC COM	6,400	$724K	0.1%	$113.13 *	$90.95	+10.8%	COM	278865100
—	AEGON N V SUB NT 8%42	25,700	$711K	0.1%	$27.67	$27.79	—	PREFERRED STOCKS	007924608
—	GENERAL ELEC CO	25,564	$679K	0.1%	$26.56	$23.28	—	COM	369604103
—	GLOBAL TECH ADVANCED INNOVATIO	208,448	$659K	0.1%	$3.16	$7.91	—	COM	G39320117
—	CURRENCYSHARES EURO TRUST	5,900	$646K	0.1%	$109.49	$128.99	—	COM	23130C108
GNLAF	GENESIS LAND DEV CORP COM	228,200	$605K	0.1%	$2.65 *	$3.08	-2.4%	COM	37183V102
—	HESS CORP COM	8,070	$540K	0.1%	$66.91	$66.54	—	COM	42809H107
TWI	TITAN INTL INC ILL COM	50,000	$537K	0.1%	$10.74	$9.55	+10.5%	COM	88830M102
PFE	PFIZER INC COM	14,973	$502K	0.1%	$33.53 *	$16.46	+23.6%	COM	717081103
—	FOREST CITY ENTERPRISES CLASS	22,300	$492K	0.1%	$22.06	$17.80	—	COM	345550305
AAPL	APPLE COMPUTER INC COM	3,795	$476K	0.1%	$125.43 *	$24.08	+16.4%	COM	037833100
GVDBF	GIVAUDAN AG GDR	257	$445K	0.1%	$1731.52 *	$1258.33	+46.7%	COM	H3238Q102
—	AEGON N V PERP CAP FLTG	18,040	$436K	0.1%	$24.17	$20.63	—	PREFERRED STOCKS	007924509
—	WEST MARINE INC COM	44,999	$434K	0.1%	$9.64	$10.99	—	COM	954235107
WMT	WAL MART STORES INC	6,114	$434K	0.1%	$70.98 *	$20.00	-3.0%	COM	931142103
MSFT	MICROSOFT CORP COM	9,665	$427K	0.1%	$44.18 *	$28.51	+33.8%	COM	594918104
KEWL	KEWEENAW LD ASSN LTD COM	4,403	$423K	0.1%	$96.07 *	$10.65	+24.9%	COM	493026108
—	ROYCE OTC MICRO-CAP FD INC COM	41,880	$386K	0.1%	$9.22	$10.79	—	COM	780915104
DVN	DEVON ENERGY CORP NEW COM	6,437	$383K	0.1%	$59.50 *	$37.00	+10.4%	COM	25179M103
—	MFS GOVT MKTS INCOME TR SH BEN	63,230	$341K	0.1%	$5.39	$5.97	—	MUTUAL FUNDS	552939100
JOE	ST JOE CO COM	20,000	$311K	0.1%	$15.55	$18.58	-16.4%	COM	790148100
—	ASPEN INSURANCE HOLDINGS LTDSH	6,500	$311K	0.1%	$47.85	$37.08	—	COM	G05384105
FRD	FRIEDMAN INDS INC	46,545	$291K	0.1%	$6.25 *	$8.37	-33.4%	COM	358435105
—	ORYX INTERNATIONAL GROWTH FUND	34,964	$283K	0.1%	$8.09	$4.48	—	COM	G6775Y108
TWIN	TWIN DISC INC COM	14,025	$261K	0.1%	$18.61 *	$17.14	+3.7%	COM	901476101
TKOMF	TOKIO MARINE HOLDINGS INC SHS	6,000	$250K	0.1%	$41.67 *	$11.62	+16.6%	COM	J86298106
—	BRUNSWICK BANCORP INC COM	44,352	$239K	0.0%	$5.39	$4.93	—	COM	117030106
MOG/A	MOOG INC CL A	3,375	$239K	0.0%	$70.81 *	$58.16	+12.3%	COM	615394202
COP	CONOCOPHILLIPS COM	3,822	$235K	0.0%	$61.49 *	$39.96	+10.1%	COM	20825C104
GTY	GETTY RLTY CORP NEW COM	12,804	$209K	0.0%	$16.32	$20.62	—	COM	374297109
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	1	$205K	0.0%	$205000.00	$199815.62	+2.5%	COM	084670108
CSCO	CISCO SYS INC COM	7,440	$204K	0.0%	$27.42 *	$18.31	+7.9%	COM	17275R102
—	BLACKROCK MUNI N Y INTER DURCO	12,901	$181K	0.0%	$14.03	$13.49	—	MUTUAL FUNDS	09255F109
BRRE	BLUE RIDGE REAL ESTATE CO COM	17,406	$148K	0.0%	$8.50	$7.34	+15.8%	COM	096005301
—	NOVA LIFESTYLE INC COM	48,100	$90,000	0.0%	$1.87	$1.87	—	COM	66979P102
—	BOULDER GROWTH & INCOME FD ICO	10,560	$89,000	0.0%	$8.43	$8.52	—	COM	101507101
—	RENESOLA LTD SPONS ADS	36,901	$51,000	0.0%	$1.38	$3.10	—	COM	75971T103
—	ORION ENERGY SYSTEMS INC COM	15,883	$40,000	0.0%	$2.52	$2.48	—	COM	686275108
—	TETHYS PETROLEUM LIMITED USD O	30,000	$5,000	0.0%	$0.17	$0.77	—	COM	G87636109
—	BOART LONGYEAR LTD SYDNEY NSSH	17,250	$2,000	0.0%	$0.12	$0.64	—	COM	Q1645L104
—	FAIRFAX FINL HLDGS LTD CONINGE	41,000	$0	0.0%	$0.00	—	—	WARRANT AND RIGH	303901110
—	AMR CORP DEL COM	11,200	$0	0.0%	$0.00	$4.02	—	COM	001765106
—	GASFRAC ENERGY SVCS INC COM	2,874,400	$0	0.0%	$0.00	$1.29	—	COM	367257201
KIDBQ	KID BRANDS, INC. COM	329,769	$0	0.0%	$0.00	$1.44	-99.9%	COM	49375T100
LECH 5 09/27/01	LECHTERS INC 20010927	385,000	$0	0.0%	$0.00	—	—	CONVERTIBLE BOND	U52323AA7