Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TYL	TYLER TECHNOLOGIES TY	74,300	$7.598M	3.2%	$64.83	+49.8%	COMMON	902252105
EPM	EVOLUTION PETROLEUM E	503,000	$6.232M	2.6%	$5.20	+16.5%	COMMON	30049A107
—	DHX MEDIA LTD DHX.T	1,088,400	$5.678M	2.4%	$3.02	—	COMMON	252406103
—	STERICYCLE INC SRCL	47,740	$5.549M	2.3%	$110.42	—	COMMON	858912108
—	SPARTON CORP SPA	168,475	$4.708M	2.0%	$17.24	—	COMMON	847235108
—	II-VI INC IIVI	258,474	$4.526M	1.9%	$16.26	—	COMMON	902104108
CSV	CARRIAGE SVCS INC CSV	222,377	$4.354M	1.8%	$15.84	+4.5%	COMMON	143905107
BCPC	BALCHEM CORP BCPC	72,095	$4.211M	1.8%	$41.81	+26.4%	COMMON	057665200
—	QUADRANT 4 SYSTEMS QF	4,180,000	$4.18M	1.7%	$0.60	—	COMMON	74735A104
—	TEAM INC TISI	97,795	$4.141M	1.7%	$37.85	—	COMMON	878155100
—	TRIANGLE PETROLEUM TP	465,350	$3.858M	1.6%	$7.01	—	COMMON	89600B201
ENSG	ENSIGN GROUP INC ENSG	86,020	$3.795M	1.6%	$8.41	+24.1%	COMMON	29358P101
USPH	U S PHYSICAL THERAPY	96,898	$3.402M	1.4%	$26.44	+23.8%	COMMON	90337L108
—	ROYCE MICRO TRUST	239,640	$3.022M	1.3%	$10.81	—	COMMON	780915104
—	PICO HLDGS INC PICO	127,521	$2.949M	1.2%	$20.96	—	COMMON	693366205
—	TARGA RESOURCES	55,825	$2.92M	1.2%	$50.45	—	COMMON	87611X105
KWR	QUAKER CHEM CORP KWR	37,055	$2.84M	1.2%	$61.79	+24.4%	COMMON	747316107
—	HI-CRUSH PARTNERS	73,330	$2.785M	1.2%	$25.55	—	COMMON	428337109
—	SP PLUS CORP SP	104,530	$2.719M	1.1%	$26.01	—	COMMON	78469C103
DAKT	DAKTRONICS DAKT	171,320	$2.676M	1.1%	$7.99	+33.0%	COMMON	234264109
—	CORENERGY INFRASTRUC	373,035	$2.652M	1.1%	$6.96	—	REAL ES	21870U205
AG	FIRST MAJESTIC SILVER	263,943	$2.597M	1.1%	$11.47	-10.4%	COMMON	32076V103
HDSN	HUDSON TECHNOLOGIES I	698,550	$2.583M	1.1%	$3.65	-32.6%	COMMON	444144109
ACU	ACME UTD CORP ACU	171,968	$2.561M	1.1%	$9.86	+18.7%	COMMON	004816104
—	TORTOISE MLP FD NTG	93,612	$2.56M	1.1%	$29.23	—	MUTUAL	89148B101
—	LUMINA COPPER LCC.V	427,975	$2.501M	1.0%	$4.64	—	COMMON	55025N104
LAND	GLADSTONE LD CORP LAN	150,900	$2.436M	1.0%	$16.93	—	REAL ES	376549101
—	POWERSHS SMCAP UTIL PSCU	69,490	$2.434M	1.0%	$32.49	—	COMMON	73937B837
—	PURE TECHNOLOGIES LTD	369,675	$2.291M	1.0%	$4.32	—	COMMON	745915108
DMLP	DORCHESTER MINERALS	86,820	$2.256M	0.9%	$24.49	—	COMMON	25820R105
—	SPECTRUM PHARMA SPPI	254,045	$2.247M	0.9%	$7.46	—	COMMON	84763A108
—	KMG CHEMICALS INC KMG	131,100	$2.208M	0.9%	$21.10	—	COMMON	482564101
—	S&W SEED CO SANW	316,475	$2.189M	0.9%	$8.38	—	COMMON	785135104
—	ARLINGTON ASSET INVT	81,145	$2.141M	0.9%	$26.74	—	REAL ES	041356205
—	CEDAR FAIR	41,920	$2.078M	0.9%	$41.41	—	COMMON	150185106
—	CARRIAGE SVCS 7.00% C	41,000	$2.05M	0.9%	$48.99	—	PREFERR	14444T309
—	ATLAS PIPELINE	57,640	$2.02M	0.8%	$38.19	—	COMMON	049392103
—	GRAMERCY PPTY TR INC	348,200	$2.002M	0.8%	$4.15	—	REAL ES	38489R100
—	VANGUARD NAT RES	66,320	$1.958M	0.8%	$27.90	—	COMMON	92205F106
HBIO	HARVARD BIOSCIENCE HB	407,725	$1.914M	0.8%	$3.83	+14.1%	COMMON	416906105
NEO	NEOGENOMICS INC NEO	522,000	$1.909M	0.8%	$3.81	-9.0%	COMMON	64049M209
CVU	CPI AEROSTRUCTURES IN	124,325	$1.864M	0.8%	$9.36	+44.3%	COMMON	125919308
—	MAGNUM HUNTER MHR	251,293	$1.849M	0.8%	$3.65	—	COMMON	55973B102
—	OXFORD LANE CAPITAL	104,590	$1.814M	0.8%	$16.55	—	COMMON	691543102
STKL	SUNOPTA INC STKL	181,502	$1.81M	0.8%	$7.49	+28.7%	COMMON	8676EP108
—	ARC LOGISTICS	81,360	$1.782M	0.7%	$21.90	—	COMMON	03879N101
—	BREITBURN ENERGY	86,985	$1.769M	0.7%	$18.25	—	COMMON	106776107
—	MOCON INC MOCO	111,342	$1.766M	0.7%	$13.55	—	COMMON	607494101
BRK/B	BERKSHIRE HATHAWAY BR	14,166	$1.68M	0.7%	$110.02	+5.1%	COMMON	084670702
MRCC	MONROE CAPITAL	137,250	$1.674M	0.7%	$3.65	-11.3%	COMMON	610335101
—	SILVER WHEATON CORP S	81,613	$1.651M	0.7%	$19.67	—	COMMON	828336107
MMLP	MARTIN MIDSTREAM	38,415	$1.644M	0.7%	$44.10	—	COMMON	573331105
—	HEALTH CARE REIT INC	30,645	$1.642M	0.7%	$67.04	—	REAL ES	42217K106
—	MONMOUTH REAL ESTATE	177,355	$1.612M	0.7%	$9.87	—	REAL ES	609720107
HAIN	HAIN CELESTIAL GROUP	17,600	$1.6M	0.7%	$32.22	+28.4%	COMMON	405217100
GOOD	GLADSTONE COML CORP G	86,939	$1.562M	0.6%	$18.64	—	REAL ES	376536108
—	MV JR GOLD MINERS GDXJ	49,919	$1.55M	0.6%	$25.93	—	MUTUAL	57060U589
INTT	INTEST CORP INTT	406,835	$1.547M	0.6%	$3.27	+17.8%	COMMON	461147100
SJT	SAN JUAN	91,670	$1.535M	0.6%	$16.05	—	COMMON	798241105
—	WINTHROP RLTY 9.25% D	56,725	$1.487M	0.6%	$26.64	—	PREFERR	976391508
MPT	MEDICAL PPTYS TRUST I	121,690	$1.487M	0.6%	$14.32	—	REAL ES	58463J304
—	ENVIROSTAR INC EVI	493,779	$1.481M	0.6%	$1.76	—	COMMON	29414M100
WLDN	WILLDAN GROUP INC WLD	276,544	$1.46M	0.6%	$2.63	+49.9%	COMMON	96924N100
—	PREFERRED APT COMM AP	172,595	$1.388M	0.6%	$8.79	—	REAL ES	74039L103
KTOS	KRATOS DEFENSE & SEC	174,302	$1.335M	0.6%	$5.62	+34.0%	COMMON	50077B207
—	RAND LOGISTICS CORP R	228,761	$1.329M	0.6%	$5.13	—	COMMON	752182105
IRT	INDEPENDENCE RLTY IRT	157,100	$1.31M	0.5%	$8.25	—	REAL ES	45378A106
—	NORTHERN OIL & GAS NO	86,850	$1.307M	0.5%	$13.34	—	COMMON	665531109
—	KAYNE ANDERSON MLP KYN	32,670	$1.302M	0.5%	$38.90	—	MUTUAL	486606106
—	QR ENERGY	75,515	$1.293M	0.5%	$17.59	—	COMMON	74734R108
IEX	IDEX CORP IEX	17,205	$1.271M	0.5%	$45.08	+31.4%	COMMON	45167R104
—	LASALLE HOTEL 7.50% H	51,375	$1.266M	0.5%	$26.01	—	PREFERR	517942702
—	GENERAL FINANCE CORP	203,350	$1.23M	0.5%	$4.65	—	COMMON	369822101
—	XPLORE TECHNOLOGIES X	193,075	$1.207M	0.5%	$3.42	—	COMMON	983950700
—	ABAXIS INC ABAX	30,100	$1.199M	0.5%	$47.50	—	COMMON	002567105
—	EVOLUT PETRO 8.50% A	45,950	$1.183M	0.5%	$26.00	—	PREFERR	30049A206
—	DOUBLE EAGLE 9.25% A	50,630	$1.17M	0.5%	$25.12	—	PREFERR	258570407
—	MAGNUM HUN RE 10.25%	44,170	$1.12M	0.5%	$25.21	—	PREFERR	55973B201
—	GASTAR EXPLOR 8.620%	46,520	$1.116M	0.5%	$24.46	—	PREFERR	36729P207
—	ADAMIS PHARMACEUTICAL	170,925	$1.094M	0.5%	$6.40	—	COMMON	00547W208
—	FIRST POTOMAC 7.75% A	44,575	$1.087M	0.5%	$26.38	—	PREFERR	33610F307
MRTN	MARTEN TRANS LTD MRTN	52,437	$1.059M	0.4%	$4.79	+24.0%	COMMON	573075108
—	PRIVATEBANC 10.00% A	40,855	$1.054M	0.4%	$25.85	—	PREFERR	74272L208
—	VENAXIS INC COM APPY	474,584	$1.027M	0.4%	$1.22	—	COMMON	92262A107
—	TRUETT-HURST INC THST	239,800	$1.007M	0.4%	$5.90	—	COMMON	897871109
MLR	MILLER INDS INC TENN	53,960	$1.005M	0.4%	$11.36	+17.7%	COMMON	600551204
—	I D SYSTEMS INC IDSY	172,850	$1.003M	0.4%	$5.03	—	COMMON	449489103
RGLD	ROYAL GOLD INC RGLD	21,395	$1M	0.4%	$54.12	-12.8%	COMMON	780287108
CGIP	CELADON GROUP INC CGI	49,767	$977K	0.4%	$18.16	+2.5%	COMMON	150838100
—	GOLDCORP INC NEW GG	44,046	$968K	0.4%	$24.73	—	COMMON	380956409
JKHY	HENRY JACK & ASSOC JK	16,350	$968K	0.4%	$39.46	+21.4%	COMMON	426281101
—	ERICKSON AIR-CRANE IN	46,300	$957K	0.4%	$18.81	—	COMMON	29482P100
—	STRATEGIC HTL 8.25% C	38,790	$920K	0.4%	$24.01	—	PREFERR	86272T502
—	CAMPUS CREST 8.00% A	37,050	$915K	0.4%	$26.35	—	PREFERR	13466Y204
—	UROPLASTY INC UPI	312,672	$880K	0.4%	$2.07	—	COMMON	917277204
—	MICRONET ENERTEC TECH	172,090	$877K	0.4%	$4.52	—	COMMON	595117102
—	H & Q LIFE SCIENCES H	42,688	$873K	0.4%	$17.87	—	MUTUAL	404053100
—	ASHFORD 8.45% D AHT-P	33,175	$837K	0.3%	$25.29	—	PREFERR	044103406
SAM	BOSTON BEER INC SAM	3,400	$822K	0.3%	$158.63	+51.3%	COMMON	100557107
—	KIMCO PFD H 6.90% H K	34,100	$812K	0.3%	$25.50	—	PREFERR	49446R828
DXLG	DESTINATION XL GROUP	124,815	$799K	0.3%	$5.24	+26.0%	COMMON	25065K104
—	AMERICAN EAGLE ENERGY	390,959	$798K	0.3%	$2.04	—	COMMON	02554F102
—	GSE SYS INC GVP	485,265	$782K	0.3%	$1.51	—	COMMON	36227K106
—	FID/CLAY PFD FFC	44,625	$781K	0.3%	$18.74	—	PREFERR	338478100
—	MAC-GRAY CORP TUC	36,415	$773K	0.3%	$14.20	—	COMMON	554153106
—	CONTANGO OIL & GAS MC	15,859	$750K	0.3%	$47.29	—	COMMON	21075N204
—	ATLAS ENERGY	16,000	$750K	0.3%	$49.02	—	COMMON	049298102
—	GLACIER WATER 9.06% A	28,865	$749K	0.3%	$25.91	—	PREFERR	376398202
SLV	ISHARES SILVER TRUST	38,630	$723K	0.3%	$18.96	—	MUTUAL	46428Q109
PCYO	PURECYCLE CORP PCYO	112,600	$713K	0.3%	$5.95	+3.5%	COMMON	746228303
—	SEASPAN CORP SSW	30,959	$708K	0.3%	$20.75	—	COMMON	Y75638109
—	OCULUS INNOVATIVE SCI	204,111	$708K	0.3%	$2.69	—	COMMON	67575P207
—	MONMOUTH PFD-B 7.88%	28,200	$704K	0.3%	$25.82	—	PREFERR	609720305
ASUR	ASURE SOFTWARE INC AS	121,655	$680K	0.3%	$5.69	-10.5%	COMMON	04649U102
—	FIRST POTOMAC RLTY TR	57,930	$674K	0.3%	$13.05	—	REAL ES	33610F109
—	GRAMERCY PPTY 8.125%	19,435	$672K	0.3%	$33.42	—	PREFERR	38489R209
CDP	CORPORATE OFF PPTYS T	28,250	$669K	0.3%	$25.50	—	REAL ES	22002T108
UMH	U M H PROPERTIES UMH	69,575	$655K	0.3%	$10.27	—	REAL ES	903002103
—	ATLANTIC COAST FINL A	151,900	$653K	0.3%	$4.30	—	COMMON	048426100
RCMT	RCM TECHNOLOGIES INC	92,745	$645K	0.3%	$5.66	+14.3%	COMMON	749360400
—	BOWL AMER INC BWL	44,995	$644K	0.3%	$12.99	—	COMMON	102565108
—	DELPHI ENERGY CORP DP	346,000	$642K	0.3%	$1.20	—	COMMON	247128101
FNV	FRANCO NEVADA CORP CO	15,468	$638K	0.3%	$34.68	+5.2%	COMMON	351858105
—	YAMANA GOLD INC AUY	67,234	$583K	0.2%	$9.52	—	COMMON	98462Y100
—	POWERSHS DB AG DBA	23,612	$573K	0.2%	$24.90	—	MUTUAL	73936B408
—	XG TECHNOLOGY INC XGT	355,200	$569K	0.2%	$3.48	—	COMMON	98372A309
—	LEXINGTON PPTYS LXP	55,463	$566K	0.2%	$11.68	—	REAL ES	529043101
USAC	USA COMPRESSION	20,700	$555K	0.2%	$23.53	—	COMMON	90290N109
—	SANDSTORM GOLD LTD CO	124,090	$533K	0.2%	$5.84	—	COMMON	80013R206
—	SUPERCONDUCTOR TECH S	228,465	$493K	0.2%	$2.27	—	COMMON	867931404
—	SENIOR HSG PPTYS SNH	21,215	$472K	0.2%	$25.93	—	REAL ES	81721M109
—	LASALLE HOTEL PPTY LH	15,230	$470K	0.2%	$24.69	—	REAL ES	517942108
CPIX	CUMBERLAND PHARMACEUT	89,953	$460K	0.2%	$4.98	-1.9%	COMMON	230770109
ICLR	ICON PLC SHS ICLR	10,800	$436K	0.2%	$32.90	+20.9%	COMMON	G4705A100
FSI	FLEXIBLE SOLUTIONS FS	452,525	$434K	0.2%	$0.76	+11.2%	COMMON	33938T104
—	LAYNE CHRISTENSEN CO	25,230	$431K	0.2%	$19.52	—	COMMON	521050104
—	FID/CLAY MLP FMO	16,474	$419K	0.2%	$27.28	—	COMMON	31647Q106
—	SMARTPROS LTD SPRO	165,100	$411K	0.2%	$1.75	—	COMMON	83171G103
—	IMPRIMIS PHARMA IMMY	111,053	$408K	0.2%	$6.45	—	COMMON	45323A201
—	PARAMOUNT GOLD & SILV	418,050	$395K	0.2%	$1.19	—	COMMON	69924P102
SA	SEABRIDGE GOLD INC SA	52,805	$385K	0.2%	$11.28	-25.5%	COMMON	811916105
ACTG	ACACIA RESH CORP ACTG	26,515	$384K	0.2%	$22.79	-36.4%	COMMON	003881307
AGFXF	PS AGRI LG ETN AGF	30,135	$381K	0.2%	$16.01	—	MUTUAL	25154H533
—	JAPAN SMALLER CAPTL J	39,957	$366K	0.2%	$8.57	—	FOREIGN	47109U104
—	ADVANTAGE OIL & GAS A	83,360	$362K	0.2%	$3.94	—	COMMON	00765F101
—	IMAGE SENSING SYS INC	71,960	$357K	0.1%	$7.35	—	COMMON	45244C104
—	GP STRATEGIES CORP GP	11,775	$351K	0.1%	$23.78	—	COMMON	36225V104
—	GRAN TIERRA ENERGY IN	47,453	$347K	0.1%	$6.02	—	COMMON	38500T101
—	SAUL CENTERS 8.00% A	13,455	$344K	0.1%	$25.93	—	PREFERR	804095200
—	RICEBRAN TECHNOLOGIES	67,325	$337K	0.1%	$5.01	—	COMMON	762831204
—	CALUMET SPECIALTY LP	12,835	$334K	0.1%	$36.37	—	COMMON	131476103
—	NGP CAP RES CO NGPC	44,515	$333K	0.1%	$6.13	—	MUTUAL	62912R107
—	PSIVIDA CORP PSDV	78,884	$328K	0.1%	$3.87	—	COMMON	74440J101
—	PROFESSIONAL DIVERSIT	72,650	$327K	0.1%	$4.19	—	COMMON	74312Y103
—	GRACE ACQUI 8.750% P	26,080	$308K	0.1%	$9.51	—	PREFERR	982568206
SBNY	SIGNATURE BK NEW YORK	2,775	$303K	0.1%	$82.88	—	COMMON	82669G104
—	INVENTURE FOODS INC S	22,100	$293K	0.1%	$8.35	—	COMMON	461212102
GLD	SPDR GOLD TRUST	2,466	$286K	0.1%	$119.08	—	COMMON	78463V107
—	BURCON NUTRASCIENCE B	94,575	$285K	0.1%	$2.44	—	COMMON	120831102
—	BRIDGELINE SOFTWARE B	257,750	$280K	0.1%	$1.20	—	COMMON	10807Q205
—	KAYNE MIDSTREAM FUND	7,855	$270K	0.1%	$32.10	—	MUTUAL	48661E106
—	DYNAMICS RESH CORP DR	22,910	$263K	0.1%	$5.57	—	COMMON	268057106
—	MARLIN MIDSTREAM	15,075	$253K	0.1%	$17.93	—	COMMON	57118V100
WDOFF	WESDOME GOLD MINES WD	451,500	$248K	0.1%	$0.50	+15.5%	COMMON	95083R100
—	MV GOLD STX ETF GDX	11,390	$241K	0.1%	$24.50	—	MUTUAL	57060U100
—	QUALSTAR CORP QBAK	206,520	$234K	0.1%	$1.40	—	COMMON	74758R109
—	NOVELOS THERAPEUTICS	607,248	$224K	0.1%	$0.46	—	COMMON	67000M209
—	SARATOGA RES INC TEX	191,850	$217K	0.1%	$1.53	—	COMMON	803521103
—	TORTOISE ENERGY INFRA TYG	4,450	$212K	0.1%	$46.52	—	COMMON	89147L100
—	GLADSTONE CAPITAL COR	21,625	$207K	0.1%	$8.17	—	REAL ES	376535100
—	HARVARD APPARATUS HAR	41,932	$198K	0.1%	$4.72	—	COMMON	41690A106
—	SILVERCREST MINES SVL	51,600	$89,000	0.0%	$1.43	—	COMMON	828365106
—	TRAVELCENTERS OF AMERICA	10,000	$86,000	0.0%	$10.90	—	COMMON	894174101
—	WAVE SYSTEMS WAVX	72,030	$65,000	0.0%	$1.30	—	COMMON	943526400
—	RICEBRAN WT EXP 00001	46,500	$64,000	0.0%	$1.38	—	WARRANT	762831113
—	MICRONET $6.25 04/15/	48,015	$52,000	0.0%	$0.75	—	WARRANT	595117110
—	STAR BUFFET INC STRZQ	33,625	$39,000	0.0%	$2.17	—	COMMON	855086104
—	RIO ALTO MNG LTD NEW	20,200	$36,000	0.0%	$1.83	—	COMMON	76689T104
—	T3 MOTION INC TTTM	204,200	$20,000	0.0%	$0.04	—	COMMON	89853X306
—	XG TECH $6.87 7/15/18	11,250	$5,000	0.0%	$1.29	—	WARRANT	98372A408
—	T3 I WARR $3.50 5/13/	177,100	$2,000	0.0%	$0.03	—	WARRANT	89853X124
—	STORM CAT ENERGY CORP	193,700	$0	0.0%	—	—	COMMON	862168101
—	GMX BONDS 18.75 4.50%	666,000	$0	0.0%	$0.06	—	CONVERT	38011MAJ7
—	WORLDWIDE ENERGY WEMU	95,225	$0	0.0%	—	—	COMMON	98158R104
—	GLOBAL AIRCRAFT SOL G	50,650	$0	0.0%	—	—	COMMON	378964100