Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UNM	UNUMPROVIDENT CORP	629,505	$19.46M	4.4%	$30.92	$28.04	+10.3%	COM	91529Y106
EG	EVEREST RE GROUP	82,433	$16.27M	3.7%	$197.43 *	$99.45	+61.9%	COM	G3223R108
AIT	APPLIED INDL TECHNLGIES INC CO	294,094	$12.76M	2.9%	$43.40 *	$36.66	+2.0%	COM	03820C105
NUE	NUCOR CORP	246,287	$11.65M	2.6%	$47.30 *	$32.41	+17.2%	COM	670346105
HP	HELMERICH & PAYNE INC	185,445	$10.89M	2.5%	$58.72	$60.30	-2.6%	COM	423452101
GRC	GORMAN RUPP CO	391,842	$10.16M	2.3%	$25.93	$24.90	+4.1%	COM	383082104
—	FOREST CITY REALTY TRUST CL A	462,515	$9.754M	2.2%	$21.09	$21.09	—	COM	345605109
MUR	MURPHY OIL CORP COM	384,735	$9.692M	2.2%	$25.19 *	$25.74	-31.5%	COM	626717102
—	ARGO GROUP INTL HLDGS LTD COM	167,663	$9.622M	2.2%	$57.39	$43.08	—	COM	G0464B107
SCL	STEPAN CHEMICAL CO	168,158	$9.297M	2.1%	$55.29	$51.68	+7.0%	COM	858586100
—	PHOENIX COMPANIES INC COM NEW	235,445	$8.674M	2.0%	$36.84	$34.38	—	COM	71902E604
LNT	ALLIANT CORP COM	115,775	$8.6M	1.9%	$74.28 *	$16.89	+61.7%	COM	018802108
—	LYDALL INC COM	247,759	$8.057M	1.8%	$32.52	$14.60	—	COM	550819106
CALY	CALLAWAY GOLF CO COM	870,467	$7.939M	1.8%	$9.12	$6.64	+35.7%	COM	131193104
WSO	WATSCO INC	56,652	$7.633M	1.7%	$134.73	$84.42	+59.6%	COM	942622200
—	HESKA CORP COM RESTRC NEW	245,864	$7.007M	1.6%	$28.50	$6.01	—	COM	42805E306
—	USA TRUCK INC COM	359,415	$6.771M	1.5%	$18.84	$6.44	—	COM	902925106
—	INVESTORS REAL ESTATE TR SH BE	918,441	$6.668M	1.5%	$7.26	$8.04	—	COM	461730103
PEP	PEPSICO INC	64,517	$6.612M	1.5%	$102.48 *	$56.07	+36.2%	COM	713448108
—	TEXTAINER GROUP HOLDINGS LTDSH	425,937	$6.321M	1.4%	$14.84	$23.57	—	COM	G8766E109
MFC	MANULIFE FINL CORP COM	445,794	$6.299M	1.4%	$14.13	$14.34	-1.4%	COM	56501R106
BGOUF	BANG & OLUFSEN HLG ORD B	578,110	$6.278M	1.4%	$10.86 *	$4.75	+1.7%	COM	K07774126
INGR	INGREDION INC COM	58,620	$6.26M	1.4%	$106.79	$70.28	+51.9%	COM	457187102
—	WESTROCK CO COM	153,006	$5.971M	1.4%	$39.02	$51.44	—	COM	96145D105
—	MAGAL SECURITY SYS LTD ORD	1,173,956	$5.835M	1.3%	$4.97	$3.66	—	COM	M6786D104
UPS	UNITED PARCEL SVC INC CL B	54,990	$5.8M	1.3%	$105.47 *	$55.38	+33.2%	COM	911312106
662	ASIA FINANCIAL HOLDINGS LTD SH	12,928,415	$5.517M	1.3%	$0.43	$0.44	—	COM	G0532X107
DWSN	DAWSON GEOPHYSICAL CO NEW COM	1,136,591	$5.194M	1.2%	$4.57 *	$4.49	-17.3%	COM	239360100
—	EKORNES ASA ORD	462,343	$5.129M	1.2%	$11.09	$13.70	—	COM	R20126109
—	HOLMEN AB SHS B	154,317	$5.06M	1.1%	$32.79	$27.02	—	COM	W4200N112
RYN	RAYONIER INC COM	203,787	$5.029M	1.1%	$24.68	$30.80	—	COM	754907103
JNJ	JOHNSON & JOHNSON COM	45,866	$4.963M	1.1%	$108.21 *	$59.87	+38.0%	COM	478160104
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	20,000	$4.944M	1.1%	$247.20 *	$246.69	+3.2%	WARRANT AND RIGH	H69293217
—	PHOENIX COS INC NEW QUIBS 2032	272,993	$4.936M	1.1%	$18.08	$22.77	—	PREFERRED STOCKS	71902E208
—	EMC INS GROUP INC	190,736	$4.893M	1.1%	$25.65	$26.36	—	COM	268664109
ALG	ALAMO GROUP INC COM	81,561	$4.544M	1.0%	$55.71 *	$38.73	+36.7%	COM	011311107
—	TUESDAY MORNING CORP COM NEW	553,455	$4.527M	1.0%	$8.18	$9.26	—	COM	899035505
WST	WEST PHARMACEUTICAL SVCS INCCO	62,946	$4.363M	1.0%	$69.31 *	$33.09	+101.8%	COM	955306105
AMWD	AMERICAN WOODMARK CORP COM	58,231	$4.343M	1.0%	$74.58 *	$34.11	+97.7%	COM	030506109
ORN	ORION MARINE GROUP INC COM	780,084	$4.041M	0.9%	$5.18	$8.01	-35.4%	COM	68628V308
—	CLIFTON BANCORP INC COM	263,785	$3.988M	0.9%	$15.12	$12.76	—	COM	186873105
BA	BOEING CO	30,999	$3.935M	0.9%	$126.94 *	$80.37	+43.0%	COM	097023105
—	URSTADT BIDDLE PPTYS INC CL A	184,377	$3.863M	0.9%	$20.95	$20.17	—	COM	917286205
XOM	EXXON MOBIL CORPORATION	45,701	$3.82M	0.9%	$83.59 *	$53.69	+1.4%	COM	30231G102
GD	GENERAL DYNAMICS CORP COM	28,000	$3.678M	0.8%	$131.36 *	$96.13	+10.2%	COM	369550108
—	PENGROWTH ENERGY CORPORATION	2,803,507	$3.673M	0.8%	$1.31	$3.01	—	COM	70706P104
—	FUEL SYS SOLUTIONS INC COM	662,786	$3.665M	0.8%	$5.53	$13.35	—	COM	35952W103
—	HARDINGE INC COM	283,945	$3.541M	0.8%	$12.47	$11.28	—	COM	412324303
RYAM	RAYONIER ADVANCED MATLS INC CO	362,070	$3.44M	0.8%	$9.50	$16.55	-42.6%	COM	75508B104
—	FIBRIA CELULOSE S.A. SP ADR	395,881	$3.357M	0.8%	$8.48	$11.08	—	COM	31573A109
FEIM	FREQUENCY ELECTRS INC COM	332,885	$3.322M	0.8%	$9.98 *	$7.91	-0.1%	COM	358010106
—	AEGON N V NY REGISTRY SH	574,539	$3.16M	0.7%	$5.50	$6.63	—	COM	007924103
—	ENERPLUS CORPORATION	741,671	$2.915M	0.7%	$3.93	$12.06	—	COM	292766102
CSW	CSW INDUSTRIALS INC COM	90,857	$2.862M	0.6%	$31.50 *	$34.83	-12.8%	COM	126402106
MSADF	MS&AD INS GP HLDG (8725-JP)	96,302	$2.687M	0.6%	$27.90 *	$8.23	+8.0%	COM	J4687C105
BWEN	BROADWIND ENERGY INC COM NEW	875,810	$2.636M	0.6%	$3.01	$5.26	-42.7%	COM	11161T207
—	BROADWAY FINL CORP DEL COM	1,348,214	$2.601M	0.6%	$1.93	$1.07	—	COM	111444105
WSM	WILLIAMS SONOMA INC COM	46,999	$2.573M	0.6%	$54.75 *	$20.11	+7.7%	COM	969904101
INN	SUMMIT HOTEL PPTYS INC COM	212,249	$2.541M	0.6%	$11.97	$10.79	—	COM	866082100
—	CASTLE A M & CO	893,468	$2.412M	0.5%	$2.70	$11.18	—	COM	148411101
—	CHUBU NIPPON BROADCAST CO LTSH	418,937	$2.409M	0.5%	$5.75	$5.73	—	COM	J06594105
—	WESTERN ASSET CLYM INFL OPP CO	215,984	$2.389M	0.5%	$11.06	$11.36	—	MUTUAL FUNDS	95766R104
—	WASHINGTONFIRST BANKSHARES ICO	107,106	$2.34M	0.5%	$21.85	$11.67	—	COM	940730104
ELME	WASHINGTON REAL ESTATE INVT SH	79,810	$2.331M	0.5%	$29.21	$26.20	—	COM	939653101
TWI	TITAN INTL INC ILL COM	432,428	$2.326M	0.5%	$5.38	$6.52	-18.6%	COM	88830M102
TWIN	TWIN DISC INC COM	229,302	$2.322M	0.5%	$10.13 *	$12.28	-20.2%	COM	901476101
SIG	SIGNET JEWELERS LIMITED SHS	18,420	$2.285M	0.5%	$124.05 *	$59.40	+71.4%	COM	G81276100
—	SCHULMAN A INC COM	83,910	$2.284M	0.5%	$27.22	$26.82	—	COM	808194104
TRMLF	TOURMALINE OIL CORP COM	103,588	$2.195M	0.5%	$21.19 *	$27.46	-50.1%	COM	89156V106
—	CAPE BANCORP INC COM	157,363	$2.115M	0.5%	$13.44	$9.46	—	COM	139209100
—	HMN FINL INC COM	180,490	$2.032M	0.5%	$11.26	$7.17	—	COM	40424G108
KIM	KIMCO RLTY CORP COM	66,289	$1.908M	0.4%	$28.78 *	$12.61	+40.4%	COM	49446R109
TKOMY	TOKIO MARINE HOLDINGS INC	56,195	$1.9M	0.4%	$33.81	$31.01	+9.3%	COM	889094108
—	LUBYS CAFETERIAS INC COM	384,264	$1.864M	0.4%	$4.85	$6.91	—	COM	549282101
—	CONSOLIDATED TOMOKA LD CO COM	40,334	$1.861M	0.4%	$46.14	$39.25	—	COM	210226106
CSWC	CAPITAL SOUTHWEST CORP COM	132,528	$1.838M	0.4%	$13.87 *	$4.41	+11.1%	COM	140501107
THG	HANOVER INS GROUP INC COM	19,625	$1.771M	0.4%	$90.24 *	$34.64	+96.9%	COM	410867105
MRK	MERCK & COMPANY	32,159	$1.702M	0.4%	$52.92 *	$30.17	+23.9%	COM	58933Y105
—	NEW YORK & CO INC COM	416,472	$1.649M	0.4%	$3.96	$5.30	—	COM	649295102
FSLR	FIRST SOLAR INC COM	23,650	$1.619M	0.4%	$68.46	$46.26	+48.0%	COM	336433107
ALOT	ASTRO-MED INC NEW COM	112,686	$1.562M	0.4%	$13.86 *	$9.12	+40.7%	COM	04638F108
FTEK	FUEL TECH INC COM	869,294	$1.521M	0.3%	$1.75	$3.68	-52.5%	COM	359523107
—	EXPRESS SCRIPTS HOLDING COMPAN	21,985	$1.51M	0.3%	$68.68	$61.97	—	COM	30219G108
—	WESTERN ASSET CLYM INFL SEC CO	132,149	$1.505M	0.3%	$11.39	$11.30	—	MUTUAL FUNDS	95766Q106
—	CIMAREX ENERGY CO COM	15,193	$1.478M	0.3%	$97.28	$64.99	—	COM	171798101
—	ENERGY TRANSFER PRTNRS L P UNI	45,685	$1.477M	0.3%	$32.33	$50.53	—	COM	29273R109
WRB	BERKLEY W R CORP COM	24,322	$1.367M	0.3%	$56.20 *	$9.58	+38.6%	COM	084423102
—	ARGO GROUP US INC SR NT 42	51,264	$1.304M	0.3%	$25.44	$20.41	—	PREFERRED STOCKS	040130205
—	VECTREN CORP COM	25,635	$1.296M	0.3%	$50.56	$33.83	—	COM	92240G101
—	ROYAL DUTCH SHELL PLC SPONS AD	25,950	$1.257M	0.3%	$48.44	$63.98	—	COM	780259206
VWDRY	VESTAS WIND SYS AS UNSP ADR	51,100	$1.204M	0.3%	$23.56	$3.58	+562.6%	COM	925458101
—	SI FINANCIAL GROUP INC	82,776	$1.153M	0.3%	$13.93	$11.05	—	COM	78425V104
—	PENN WEST PETROLEUM LTD	1,182,964	$1.1M	0.2%	$0.93	$6.12	—	COM	707887105
—	KIMBALL INTL INC CL B	96,672	$1.097M	0.2%	$11.35	$9.71	—	COM	494274103
DVN	DEVON ENERGY CORP NEW COM	39,137	$1.074M	0.2%	$27.44 *	$24.98	-22.8%	COM	25179M103
PTEN	PATTERSON-UTI ENERGY INC COM	53,100	$936K	0.2%	$17.63	$21.83	-19.3%	COM	703481101
—	NORTH ATLANTIC SMALLER INV. TR	26,000	$892K	0.2%	$34.31	$34.31	—	COM	0643900GB
KE	KIMBALL ELECTRONICS INC COM	79,287	$886K	0.2%	$11.17	$10.71	+4.3%	COM	49428J109
MET	METLIFE INC COM	20,000	$879K	0.2%	$43.95 *	$24.43	+15.1%	COM	59156R108
BMY	BRISTOL MYERS SQUIBB CO	12,848	$821K	0.2%	$63.90 *	$28.67	+59.2%	COM	110122108
—	STATE AUTO FINL CORP	37,100	$818K	0.2%	$22.05	$18.18	—	COM	855707105
—	GENERAL ELEC CO	25,208	$801K	0.2%	$31.78	$23.28	—	COM	369604103
GNLAF	GENESIS LAND DEV CORP COM	380,300	$747K	0.2%	$1.96 *	$2.74	-43.0%	COM	37183V102
ECL	ECOLAB INC COM	6,400	$714K	0.2%	$111.56 *	$90.95	+10.3%	COM	278865100
—	AEGON N V SUB NT 8%42	25,700	$694K	0.2%	$27.00	$27.79	—	PREFERRED STOCKS	007924608
—	AEGON N V PERP CAP FLTG	29,967	$676K	0.2%	$22.56	$21.64	—	PREFERRED STOCKS	007924509
—	CURRENCYSHARES EURO TRUST	5,900	$656K	0.1%	$111.19	$128.99	—	COM	23130C108
—	WESTPORT INNOVATIONS INC COM N	227,031	$593K	0.1%	$2.61	$2.46	—	COM	960908309
—	ARCTIC CAT INC COM	32,800	$551K	0.1%	$16.80	$16.80	—	COM	039670104
MSFT	MICROSOFT CORP COM	8,565	$473K	0.1%	$55.22 *	$28.51	+70.8%	COM	594918104
—	FOREST CITY RLTY TR INC COM CL	22,300	$469K	0.1%	$21.03	$21.03	—	COM	345605208
PFE	PFIZER INC COM	14,892	$441K	0.1%	$29.61 *	$16.46	+12.1%	COM	717081103
WMT	WAL MART STORES INC	5,984	$410K	0.1%	$68.52 *	$20.00	-4.2%	COM	931142103
KEWL	KEWEENAW LD ASSN LTD COM	4,403	$379K	0.1%	$86.08 *	$10.65	+11.9%	COM	493026108
—	WEST MARINE INC COM	40,666	$370K	0.1%	$9.10	$10.99	—	COM	954235107
KO	COCA COLA CO COM	7,066	$328K	0.1%	$46.42 *	$27.85	+22.6%	COM	191216100
—	MFS GOVT MKTS INCOME TR SH BEN	58,778	$323K	0.1%	$5.50	$5.97	—	MUTUAL FUNDS	552939100
—	ASPEN INSURANCE HOLDINGS LTDSH	6,500	$310K	0.1%	$47.69	$37.08	—	COM	G05384105
—	ORYX INTERNATIONAL GROWTH FUND	34,964	$308K	0.1%	$8.81	$4.48	—	COM	G6775Y108
—	UNITED TECHNOLOGIES CORP	3,000	$300K	0.1%	$100.00	$89.00	—	COM	913017109
—	BOULDER GROWTH & INCOME FD ICO	36,560	$287K	0.1%	$7.85	$7.93	—	COM	101507101
—	ROYCE OTC MICRO-CAP FD INC COM	40,542	$284K	0.1%	$7.01	$10.72	—	COM	780915104
—	ROYCE GLOBAL VALUE TR INC COM	37,237	$274K	0.1%	$7.36	$7.07	—	COM	78081T104
ATO	ATMOS ENERGY CORP COM	3,500	$260K	0.1%	$74.29 *	$31.05	+89.8%	COM	049560105
—	BRUNSWICK BANCORP INC COM	44,352	$245K	0.1%	$5.52	$4.93	—	COM	117030106
—	BLACKROCK NY INS MUN INC TR CO	17,147	$241K	0.1%	$14.05	$12.95	—	MUTUAL FUNDS	09249U105
FRD	FRIEDMAN INDS INC	44,045	$239K	0.1%	$5.43 *	$8.37	-42.0%	COM	358435105
—	BLACKROCK MUNIHOLDINGS FD INCO	12,369	$224K	0.1%	$18.11	$16.74	—	MUTUAL FUNDS	09253N104
BRK/A	BERKSHIRE HATHAWAY INC DEL CL	1	$213K	0.0%	$213000.00	$199512.94	+7.0%	COM	084670108
CSCO	CISCO SYS INC COM	7,340	$209K	0.0%	$28.47 *	$20.16	+4.0%	COM	17275R102
TKOMF	TOKIO MARINE HOLDINGS INC SHS	6,000	$203K	0.0%	$33.83 *	$11.62	-0.8%	COM	J86298106
BRRE	BLUE RIDGE REAL ESTATE CO COM	17,406	$172K	0.0%	$9.88	$7.34	+34.9%	COM	096005301
—	NOVA LIFESTYLE INC COM	48,100	$56,000	0.0%	$1.16	$1.87	—	COM	66979P102
—	RENESOLA LTD SPONS ADS	36,901	$53,000	0.0%	$1.44	$3.10	—	COM	75971T103
—	ORION ENERGY SYSTEMS INC COM	15,883	$22,000	0.0%	$1.39	$2.48	—	COM	686275108
—	BOART LONGYEAR LTD SYDNEY NSSH	17,250	$1,000	0.0%	$0.06	$0.64	—	COM	Q1645L104
—	TETHYS PETROLEUM LIMITED USD O	30,000	$1,000	0.0%	$0.03	$0.77	—	COM	G87636109
—	FAIRFAX FINL HLDGS LTD CONINGE	41,000	$0	0.0%	$0.00	—	—	WARRANT AND RIGH	303901110
—	GASFRAC ENERGY SVCS INC COM	742,800	$0	0.0%	$0.00	$1.29	—	COM	367257201
LECH 5 09/27/01	LECHTERS INC 20010927	345,000	$0	0.0%	$0.00	—	—	CONVERTIBLE BOND	U52323AA7
KIDBQ	KID BRANDS, INC. COM	315,419	$0	0.0%	$0.00	$1.44	-99.9%	COM	49375T100