Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TYL	TYLER TECHNOLOGIES TYL	78,950	$6.906M	3.1%	$64.83	+18.7%	COMMON	902252105
EPM	EVOLUTION PETROLEUM EPM	512,250	$5.768M	2.6%	$5.20	+11.5%	COMMON	30049A107
—	STERICYCLE INC SRCL	48,340	$5.578M	2.5%	$110.42	—	COMMON	858912108
—	II-VI INC IIVI	261,074	$4.908M	2.2%	$16.26	—	COMMON	902104108
—	TRIANGLE PETROLEUM TPM	493,677	$4.848M	2.1%	$7.01	—	COMMON	89600B201
—	SPARTON CORP SPA	175,925	$4.486M	2.0%	$17.24	—	COMMON	847235108
CSV	CARRIAGE SVCS INC CSV	230,222	$4.466M	2.0%	$15.84	+1.2%	COMMON	143905107
—	TEAM INC TISI	98,495	$3.915M	1.7%	$37.85	—	COMMON	878155100
BCPC	BALCHEM CORP BCPC	75,495	$3.907M	1.7%	$41.81	+10.3%	COMMON	057665200
—	DHX MEDIA LTD DHX.T	1,128,900	$3.729M	1.7%	$3.02	—	COMMON	252406103
ENSG	ENSIGN GROUP INC ENSG	87,320	$3.59M	1.6%	$8.41	+11.3%	COMMON	29358P101
AG	FIRST MAJESTIC SILVER	267,835	$3.177M	1.4%	$11.47	+12.5%	COMMON	32076V103
USPH	U S PHYSICAL THERAPY	98,098	$3.049M	1.3%	$26.44	+11.6%	COMMON	90337L108
—	TARGA RESOURCES	58,475	$3.01M	1.3%	$50.45	—	COMMON	87611X105
—	KMG CHEMICALS INC KMG	133,700	$2.94M	1.3%	$21.10	—	COMMON	482564101
—	STANDARD PARKING CORP	106,080	$2.852M	1.3%	$21.46	—	COMMON	853790103
—	ROYCE MICRO TRUST	243,207	$2.848M	1.3%	$10.81	—	COMMON	780915104
—	PICO HLDGS INC PICO	128,821	$2.79M	1.2%	$20.96	—	COMMON	693366205
KWR	QUAKER CHEM CORP KWR	37,305	$2.725M	1.2%	$61.79	+9.5%	COMMON	747316107
—	S&W SEED CO SANW	318,475	$2.666M	1.2%	$8.38	—	COMMON	785135104
—	CORENERGY INFRASTRUC	379,835	$2.659M	1.2%	$6.96	—	REAL ES	21870U205
ACU	ACME UTD CORP ACU	174,818	$2.638M	1.2%	$9.86	+10.2%	COMMON	004816104
—	TORTOISE MLP FD NTG	93,612	$2.534M	1.1%	$29.23	—	MUTUAL	89148B101
LAND	GLADSTONE LD CORP LAN	152,850	$2.332M	1.0%	$16.93	—	REAL ES	376549101
—	POWERSHS SMCAP UTIL PSCU	69,990	$2.296M	1.0%	$32.49	—	COMMON	73937B837
—	ATLAS PIPELINE	58,690	$2.277M	1.0%	$38.19	—	COMMON	049392103
—	LUMINA COPPER LCC.V	436,075	$2.228M	1.0%	$4.64	—	COMMON	55025N104
—	CARRIAGE SVCS 7.00% C	43,800	$2.178M	1.0%	$48.99	—	PREFERR	14444T309
HBIO	HARVARD BIOSCIENCE	411,225	$2.163M	1.0%	$3.83	+2.7%	COMMON	416906105
—	SPECTRUM PHARMA SPPI	257,295	$2.156M	1.0%	$7.46	—	COMMON	84763A108
DMLP	DORCHESTER MINERALS	86,820	$2.075M	0.9%	$24.49	—	COMMON	25820R105
—	SILVER WHEATON CORP S	82,113	$2.034M	0.9%	$19.67	—	COMMON	828336107
—	ARLINGTON ASSET INVT	82,545	$1.963M	0.9%	$26.74	—	REAL ES	041356205
—	HEALTH CARE REIT INC	31,395	$1.958M	0.9%	$67.04	—	REAL ES	42217K106
—	CEDAR FAIR	44,620	$1.945M	0.9%	$41.41	—	COMMON	150185106
DAKT	DAKTRONICS DAKT	173,620	$1.943M	0.9%	$7.99	+9.5%	COMMON	234264109
—	HI-CRUSH PARTNERS	73,330	$1.931M	0.9%	$25.55	—	COMMON	428337109
—	VANGUARD NAT RES	67,320	$1.884M	0.8%	$27.90	—	COMMON	92205F106
MMLP	MARTIN MIDSTREAM	38,865	$1.824M	0.8%	$44.10	—	COMMON	573331105
STKL	SUNOPTA INC STKL	186,302	$1.811M	0.8%	$7.49	+18.2%	COMMON	8676EP108
MRCC	MONROE CAPITAL	137,850	$1.791M	0.8%	$3.65	-5.6%	COMMON	610335101
—	PURE TECHNOLOGIES LTD	373,525	$1.748M	0.8%	$4.32	—	COMMON	745915108
INTT	INTEST CORP INTT	411,985	$1.631M	0.7%	$3.27	+21.0%	COMMON	461147100
—	OXFORD LANE CAPITAL	105,665	$1.621M	0.7%	$16.55	—	COMMON	691543102
—	MONMOUTH REAL ESTATE	178,555	$1.619M	0.7%	$9.87	—	REAL ES	609720107
BRK/B	BERKSHIRE HATHAWAY BR	14,266	$1.619M	0.7%	$110.02	+4.9%	COMMON	084670702
—	BREITBURN ENERGY	87,985	$1.613M	0.7%	$18.25	—	COMMON	106776107
NEO	NEOGENOMICS INC NEO	531,700	$1.595M	0.7%	$3.81	-26.1%	COMMON	64049M209
—	MAGNUM HUNTER MHR	257,040	$1.586M	0.7%	$3.65	—	COMMON	55973B102
GOOD	GLADSTONE COML CORP G	87,564	$1.573M	0.7%	$18.64	—	REAL ES	376536108
—	MOCON INC MOCO	112,792	$1.543M	0.7%	$13.55	—	COMMON	607494101
—	WINTHROP RLTY 9.25% D	57,725	$1.53M	0.7%	$26.64	—	PREFERR	976391508
MPT	MEDICAL PPTYS TRUST I	122,990	$1.497M	0.7%	$14.32	—	REAL ES	58463J304
KTOS	KRATOS DEFENSE & SEC	179,402	$1.485M	0.7%	$5.62	+34.4%	COMMON	50077B207
SJT	SAN JUAN	92,345	$1.476M	0.7%	$16.05	—	COMMON	798241105
—	GRAMERCY PPTY TR INC	353,500	$1.467M	0.6%	$4.15	—	REAL ES	38489R100
CVU	CPI AEROSTRUCTURES IN	125,250	$1.452M	0.6%	$9.36	+19.3%	COMMON	125919308
HDSN	HUDSON TECHNOLOGIES I	700,750	$1.423M	0.6%	$3.65	-41.4%	COMMON	444144109
HAIN	HAIN CELESTIAL GROUP	18,103	$1.396M	0.6%	$32.22	+17.1%	COMMON	405217100
—	TRUETT-HURST INC THST	239,850	$1.319M	0.6%	$5.90	—	COMMON	897871109
IRT	INDEPENDENCE RLTY IRT	157,800	$1.302M	0.6%	$8.25	—	REAL ES	45378A106
—	LASALLE HOTEL 7.50% H	52,175	$1.286M	0.6%	$26.01	—	PREFERR	517942702
—	NORTHERN OIL & GAS NO	88,950	$1.284M	0.6%	$13.34	—	COMMON	665531109
—	ABAXIS INC ABAX	30,100	$1.268M	0.6%	$47.50	—	COMMON	002567105
—	DOUBLE EAGLE 9.25% A	50,630	$1.259M	0.6%	$25.12	—	PREFERR	258570407
—	EVOLUT PETRO 8.50% A	47,150	$1.243M	0.6%	$26.00	—	PREFERR	30049A206
—	QR ENERGY	75,515	$1.229M	0.5%	$17.59	—	COMMON	74734R108
—	KAYNE ANDERSON MLP KYN	32,670	$1.171M	0.5%	$38.90	—	MUTUAL	486606106
—	GOLDCORP INC NEW GG	44,996	$1.17M	0.5%	$24.73	—	COMMON	380956409
IEX	IDEX CORP IEX	17,680	$1.154M	0.5%	$45.08	+13.8%	COMMON	45167R104
—	FIRST POTOMAC 7.75% A	45,375	$1.153M	0.5%	$26.38	—	PREFERR	33610F307
—	MAGNUM HUN RE 10.25%	45,220	$1.14M	0.5%	$25.21	—	PREFERR	55973B201
—	RAND LOGISTICS CORP R	231,931	$1.132M	0.5%	$5.13	—	COMMON	752182105
—	GASTAR EXPLOR 8.620%	47,220	$1.121M	0.5%	$24.46	—	PREFERR	36729P207
—	GENERAL FINANCE CORP	208,750	$1.119M	0.5%	$4.65	—	COMMON	369822101
—	PREFERRED APT COMM AP	135,095	$1.097M	0.5%	$9.00	—	REAL ES	74039L103
—	I D SYSTEMS INC IDSY	174,800	$1.077M	0.5%	$5.03	—	COMMON	449489103
—	PRIVATEBANC 10.00% A	41,855	$1.068M	0.5%	$25.85	—	PREFERR	74272L208
WLDN	WILLDAN GROUP INC WLD	286,394	$1.063M	0.5%	$2.63	+22.7%	COMMON	96924N100
—	UROPLASTY INC UPI	318,822	$1.055M	0.5%	$2.07	—	COMMON	917277204
RGLD	ROYAL GOLD INC RGLD	21,645	$1.053M	0.5%	$54.12	-4.2%	COMMON	780287108
MLR	MILLER INDS INC TENN	58,610	$995K	0.4%	$11.36	+7.1%	COMMON	600551204
—	XG TECHNOLOGY INC XGTI	202,250	$991K	0.4%	$4.90	—	COMMON	98372A309
—	ENVIROSTAR INC EVI	497,979	$986K	0.4%	$1.76	—	COMMON	29414M100
—	CAMPUS CREST 8.00% A	37,450	$974K	0.4%	$26.35	—	PREFERR	13466Y204
CGIP	CELADON GROUP INC CGI	49,767	$929K	0.4%	$18.16	+1.8%	COMMON	150838100
SAM	BOSTON BEER INC SAM	3,800	$928K	0.4%	$158.63	+30.4%	COMMON	100557107
—	MICRONET ENERTEC TECH	172,090	$928K	0.4%	$4.52	—	COMMON	595117102
—	VENAXIS INC COM APPY	474,584	$921K	0.4%	$1.22	—	COMMON	92262A107
—	STRATEGIC HTL 8.25% C	39,490	$902K	0.4%	$24.01	—	PREFERR	86272T502
MRTN	MARTEN TRANS LTD MRTN	52,437	$900K	0.4%	$4.79	+18.1%	COMMON	573075108
—	ATLAS ENERGY	16,300	$890K	0.4%	$49.02	—	COMMON	049298102
—	H & Q LIFE SCIENCES H	46,098	$887K	0.4%	$17.87	—	MUTUAL	404053100
JKHY	HENRY JACK & ASSOC JKHY'	16,550	$855K	0.4%	$39.46	+8.2%	COMMON	426281101
—	KIMCO PFD H 6.90% H K	34,100	$851K	0.4%	$25.50	—	PREFERR	49446R828
—	ASHFORD 8.45% D AHT-P	33,375	$843K	0.4%	$25.29	—	PREFERR	044103406
—	FID/CLAY PFD FFC	46,525	$839K	0.4%	$18.74	—	PREFERR	338478100
—	SEASPAN CORP SSW	34,170	$836K	0.4%	$20.75	—	COMMON	Y75638109
—	XPLORE TECHNOLOGIES X	199,575	$836K	0.4%	$3.42	—	COMMON	983950700
—	MAC-GRAY CORP TUC	57,195	$833K	0.4%	$14.20	—	COMMON	554153106
DXLG	DESTINATION XL GROUP	127,917	$828K	0.4%	$5.24	+22.6%	COMMON	25065K104
SLV	ISHARES SILVER TRUST	38,780	$811K	0.4%	$18.96	—	MUTUAL	46428Q109
—	ERICKSON AIR-CRANE IN	49,700	$778K	0.3%	$18.81	—	COMMON	29482P100
—	GSE SYS INC GVP	488,765	$767K	0.3%	$1.51	—	COMMON	36227K106
—	MONMOUTH PFD-B 7.88%	29,200	$748K	0.3%	$25.82	—	PREFERR	609720305
—	GLACIER WATER 9.06% A	28,865	$745K	0.3%	$25.91	—	PREFERR	376398202
—	FIRST POTOMAC RLTY TR	58,155	$731K	0.3%	$13.05	—	REAL ES	33610F109
FNV	FRANCO NEVADA CORP CO	15,781	$714K	0.3%	$34.68	+6.1%	COMMON	351858105
—	YAMANA GOLD INC AUY	68,308	$710K	0.3%	$9.52	—	COMMON	98462Y100
—	CRIMSON EXPLORATION C	232,825	$701K	0.3%	$2.82	—	COMMON	22662K207
UMH	U M H PROPERTIES UMH	69,625	$691K	0.3%	$10.27	—	REAL ES	903002103
—	SANDSTORM GOLD LTD CO	125,590	$676K	0.3%	$5.84	—	COMMON	80013R206
—	GRAMERCY PPTY 8.125%	19,435	$669K	0.3%	$33.42	—	PREFERR	38489R209
CDP	CORPORATE OFF PPTYS T	28,625	$661K	0.3%	$25.50	—	REAL ES	22002T108
—	LAYNE CHRISTENSEN CO	33,005	$659K	0.3%	$19.52	—	COMMON	521050104
ACTG	ACACIA RESH CORP ACTG	28,115	$648K	0.3%	$22.79	-8.5%	COMMON	003881307
—	BOWL AMER INC BWL	45,945	$624K	0.3%	$12.99	—	COMMON	102565108
—	LEXINGTON PPTYS LXP	55,463	$623K	0.3%	$11.68	—	REAL ES	529043101
—	OCULUS INNOVATIVE SCI	227,461	$623K	0.3%	$2.69	—	COMMON	67575P207
—	POWERSHS DB AG DBA	23,812	$602K	0.3%	$24.90	—	MUTUAL	73936B408
SA	SEABRIDGE GOLD INC SA	56,605	$592K	0.3%	$11.28	+9.3%	COMMON	811916105
FSI	FLEXIBLE SOLUTIONS FS	524,525	$587K	0.3%	$0.76	+29.0%	COMMON	33938T104
RCMT	RCM TECHNOLOGIES INC	93,745	$565K	0.3%	$5.66	-0.1%	COMMON	749360400
PCYO	PURECYCLE CORP PCYO	120,150	$555K	0.2%	$5.95	-8.9%	COMMON	746228303
—	PARAMOUNT GOLD & SILV	422,550	$545K	0.2%	$1.19	—	COMMON	69924P102
—	DELPHI ENERGY CORP DP	346,000	$529K	0.2%	$1.20	—	COMMON	247128101
ASUR	ASURE SOFTWARE INC AS	121,655	$526K	0.2%	$5.69	-9.6%	COMMON	04649U102
—	IMAGE SENSING SYS INC	73,335	$521K	0.2%	$7.35	—	COMMON	45244C104
AGFXF	PS AGRI LG ETN AGF	35,785	$520K	0.2%	$16.01	—	MUTUAL	25154H533
—	SENIOR HSG PPTYS SNH	21,215	$495K	0.2%	$25.93	—	REAL ES	81721M109
USAC	USA COMPRESSION	20,700	$493K	0.2%	$23.53	—	COMMON	90290N109
—	SARATOGA RES INC TEX	206,850	$492K	0.2%	$1.53	—	COMMON	803521103
—	QUADRANT 4 SYSTEMS QF	1,766,124	$486K	0.2%	$0.06	—	COMMON	74735A104
—	MV JR GOLD MINERS GDXJ	11,675	$476K	0.2%	$9.17	—	MUTUAL	57060U589
ICLR	ICON PLC SHS ICLR	11,500	$471K	0.2%	$32.90	+17.0%	COMMON	G4705A100
—	LASALLE HOTEL PPTY LH	15,230	$434K	0.2%	$24.69	—	REAL ES	517942108
—	FID/CLAY MLP FMO	16,974	$418K	0.2%	$27.28	—	COMMON	31647Q106
CPIX	CUMBERLAND PHARMACEUT	91,303	$414K	0.2%	$4.98	+0.1%	COMMON	230770109
—	SUPERCONDUCTOR TECH S	233,212	$378K	0.2%	$2.27	—	COMMON	867931404
—	JAPAN SMALLER CAPTL J	39,957	$363K	0.2%	$8.57	—	FOREIGN	47109U104
—	ADVANTAGE OIL & GAS A	94,160	$361K	0.2%	$3.94	—	COMMON	00765F101
—	SMARTPROS LTD SPRO	165,100	$353K	0.2%	$1.75	—	COMMON	83171G103
—	QUALSTAR CORP QBAK	256,920	$352K	0.2%	$1.40	—	COMMON	74758R109
—	CALUMET SPECIALTY LP	12,785	$349K	0.2%	$36.37	—	COMMON	131476103
—	SAUL CENTERS 8.00% A	13,573	$348K	0.2%	$25.93	—	PREFERR	804095200
—	GRAN TIERRA ENERGY IN	47,753	$339K	0.2%	$6.02	—	COMMON	38500T101
—	PROFESSIONAL DIVERSIT	72,650	$335K	0.1%	$4.19	—	COMMON	74312Y103
—	PSIVIDA CORP PSDV	80,884	$332K	0.1%	$3.87	—	COMMON	74440J101
—	NGP CAP RES CO NGPC	44,515	$331K	0.1%	$6.13	—	MUTUAL	62912R107
WDOFF	WESDOME GOLD MINES WD	476,300	$322K	0.1%	$0.50	-2.1%	COMMON	95083R100
GLD	SPDR GOLD TRUST	2,446	$314K	0.1%	$119.08	—	COMMON	78463V107
—	GP STRATEGIES CORP GP	11,775	$309K	0.1%	$23.78	—	COMMON	36225V104
—	GRACE ACQUI 8.750% P	26,080	$300K	0.1%	$9.51	—	PREFERR	982568206
—	BRIDGELINE SOFTWARE B	262,750	$289K	0.1%	$1.20	—	COMMON	10807Q205
—	IMPRIMIS PHARMA IMMY	64,100	$288K	0.1%	$8.49	—	COMMON	45323A201
—	MV GOLD STX ETF GDX	11,390	$285K	0.1%	$24.50	—	MUTUAL	57060U100
—	BURCON NUTRASCIENCE B	95,075	$277K	0.1%	$2.44	—	COMMON	120831102
—	MARLIN MIDSTREAM	15,000	$269K	0.1%	$17.93	—	COMMON	57118V100
—	INVENTURE FOODS INC S	25,400	$267K	0.1%	$8.35	—	COMMON	461212102
SBNY	SIGNATURE BK NEW YORK	2,775	$254K	0.1%	$82.88	—	COMMON	82669G104
—	KAYNE MIDSTREAM FUND	7,855	$252K	0.1%	$32.10	—	MUTUAL	48661E106
—	ABERDEEN LATIN AMER L	7,405	$235K	0.1%	$31.31	—	FOREIGN	00306K106
NEM	NEWMONT MINING	8,000	$225K	0.1%	$25.34	-10.8%	COMMON	651639106
—	NOVELOS THERAPEUTICS	617,248	$222K	0.1%	$0.46	—	COMMON	67000M209
—	TORTOISE ENERGY INFRA TYG	4,450	$204K	0.1%	$46.52	—	COMMON	89147L100
—	ASTROTECH CORP ASTC	254,375	$195K	0.1%	$0.70	—	COMMON	046484101
—	GLADSTONE CAPITAL COR	21,625	$189K	0.1%	$8.17	—	REAL ES	376535100
—	DYNAMICS RESH CORP DR	23,910	$182K	0.1%	$5.57	—	COMMON	268057106
—	WAVE SYSTEMS CORP CL	90,655	$118K	0.1%	$1.30	—	COMMON	943526400
—	SILVERCREST MINES SVL	51,600	$91,000	0.0%	$1.43	—	COMMON	828365106
—	STAR BUFFET INC STRZQ	33,625	$77,000	0.0%	$2.17	—	COMMON	855086104
—	TRAVELCENTERS OF AMERICA	10,000	$76,000	0.0%	$10.90	—	COMMON	894174101
—	XG TECH $6.87 7/15/18	49,650	$64,000	0.0%	$1.29	—	WARRANT	98372A408
—	MICRONET $6.25 04/15/	48,015	$53,000	0.0%	$0.75	—	WARRANT	595117110
—	RIO ALTO MNG LTD NEW	20,200	$40,000	0.0%	$1.83	—	COMMON	76689T104
—	GMX BONDS 18.75 4.50%	666,000	$37,000	0.0%	$0.06	—	CONVERT	38011MAJ7
—	T3 MOTION INC TTTM	283,900	$21,000	0.0%	$0.04	—	COMMON	89853X306
—	SYMBILITY SOLUTIONS A	25,000	$10,000	0.0%	$0.40	—	COMMON	87150W104
—	T3 I WARR $3.50 5/13/	177,100	$2,000	0.0%	$0.03	—	WARRANT	89853X124
—	STORM CAT ENERGY CORP	193,700	$1,000	0.0%	—	—	COMMON	862168101
—	WORLDWIDE ENERGY WEMU	95,475	$0	0.0%	—	—	COMMON	98158R104
—	GLOBAL AIRCRAFT SOL G	50,650	$0	0.0%	—	—	COMMON	378964100