Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EPM	EVOLUTION PETROLEUM E	499,925	$6.364M	2.7%	$5.20	+24.7%	COMMON	30049A107
TYL	TYLER TECHNOLOGIES TY	72,650	$6.079M	2.6%	$64.83	+48.9%	COMMON	902252105
—	STERICYCLE INC SRCL	46,750	$5.312M	2.2%	$110.42	—	COMMON	858912108
—	SPARTON CORP SPA	166,175	$4.866M	2.1%	$17.24	—	COMMON	847235108
—	DHX MEDIA LTD DHX.T	1,066,400	$4.362M	1.8%	$3.02	—	COMMON	252406103
—	TEAM INC TISI	97,395	$4.174M	1.8%	$37.85	—	COMMON	878155100
—	II-VI INC IIVI	259,874	$4.01M	1.7%	$16.26	—	COMMON	902104108
CSV	CARRIAGE SVCS INC CSV	217,627	$3.97M	1.7%	$15.84	+10.5%	COMMON	143905107
—	TRIANGLE PETROLEUM TP	461,450	$3.802M	1.6%	$7.01	—	COMMON	89600B201
BCPC	BALCHEM CORP BCPC	68,945	$3.593M	1.5%	$41.81	+20.6%	COMMON	057665200
ENSG	ENSIGN GROUP INC ENSG	76,745	$3.349M	1.4%	$8.41	+20.3%	COMMON	29358P101
—	PICO HLDGS INC PICO	128,746	$3.346M	1.4%	$20.96	—	COMMON	693366205
USPH	U S PHYSICAL THERAPY	96,323	$3.33M	1.4%	$26.44	+25.5%	COMMON	90337L108
—	QUADRANT 4 SYSTEMS QF	5,550,000	$3.158M	1.3%	$0.60	—	COMMON	74735A104
—	TARGA RESOURCES	55,250	$3.108M	1.3%	$50.45	—	COMMON	87611X105
—	HI-CRUSH PARTNERS	73,330	$2.957M	1.3%	$25.55	—	COMMON	428337109
—	ROYCE MICRO TRUST	238,924	$2.924M	1.2%	$10.81	—	COMMON	780915104
KWR	QUAKER CHEM CORP KWR	36,805	$2.901M	1.2%	$61.79	+20.4%	COMMON	747316107
ACU	ACME UTD CORP ACU	171,718	$2.819M	1.2%	$9.86	+25.7%	COMMON	004816104
—	SP PLUS CORP SP	104,030	$2.733M	1.2%	$26.01	—	COMMON	78469C103
AG	FIRST MAJESTIC SILVER	266,343	$2.568M	1.1%	$11.47	-6.2%	COMMON	32076V103
—	CORENERGY INFRASTRUC	372,635	$2.515M	1.1%	$6.96	—	REAL ES	21870U205
—	POWERSHS SMCAP UTIL PSCU	68,240	$2.442M	1.0%	$32.49	—	COMMON	73937B837
DAKT	DAKTRONICS DAKT	169,320	$2.437M	1.0%	$7.99	+44.4%	COMMON	234264109
—	TORTOISE MLP FD NTG	91,162	$2.435M	1.0%	$29.23	—	MUTUAL	89148B101
—	S&W SEED CO SANW	313,975	$2.327M	1.0%	$8.38	—	COMMON	785135104
—	PURE TECHNOLOGIES LTD	372,175	$2.255M	1.0%	$4.32	—	COMMON	745915108
DMLP	DORCHESTER MINERALS	83,120	$2.178M	0.9%	$24.49	—	COMMON	25820R105
—	MAGNUM HUNTER MHR	254,133	$2.16M	0.9%	$3.71	—	COMMON	55973B102
—	ARLINGTON ASSET INVT	80,795	$2.139M	0.9%	$26.74	—	REAL ES	041356205
STKL	SUNOPTA INC STKL	180,952	$2.137M	0.9%	$7.49	+34.0%	COMMON	8676EP108
LAND	GLADSTONE LD CORP LAN	150,650	$2.13M	0.9%	$16.93	—	REAL ES	376549101
—	CEDAR FAIR	40,420	$2.059M	0.9%	$41.41	—	COMMON	150185106
—	KMG CHEMICALS INC KMG	130,200	$2.042M	0.9%	$21.10	—	COMMON	482564101
—	CARRIAGE SVCS 7.00% C	40,800	$2.04M	0.9%	$48.99	—	PREFERR	14444T309
—	SPECTRUM PHARMA SPPI	253,735	$1.989M	0.8%	$7.46	—	COMMON	84763A108
HDSN	HUDSON TECHNOLOGIES I	704,550	$1.973M	0.8%	$3.65	-9.0%	COMMON	444144109
—	VANGUARD NAT RES	65,220	$1.942M	0.8%	$27.90	—	COMMON	92205F106
HBIO	HARVARD BIOSCIENCE HB	405,725	$1.923M	0.8%	$3.83	+18.9%	COMMON	416906105
—	SILVER WHEATON CORP S	82,863	$1.881M	0.8%	$19.71	—	COMMON	828336107
—	MOCON INC MOCO	110,992	$1.851M	0.8%	$13.55	—	COMMON	607494101
MRCC	MONROE CAPITAL	135,650	$1.835M	0.8%	$3.65	-6.6%	COMMON	610335101
—	ATLAS PIPELINE	56,940	$1.828M	0.8%	$38.19	—	COMMON	049392103
—	HEALTH CARE REIT INC	30,564	$1.822M	0.8%	$67.04	—	REAL ES	42217K106
—	GRAMERCY PPTY TR INC	347,700	$1.794M	0.8%	$4.15	—	REAL ES	38489R100
—	MV JR GOLD MINERS GDXJ	49,457	$1.791M	0.8%	$25.93	—	MUTUAL	57060U589
NEO	NEOGENOMICS INC NEO	511,100	$1.774M	0.8%	$3.81	-1.8%	COMMON	64049M209
BRK/B	BERKSHIRE HATHAWAY BR	14,166	$1.77M	0.7%	$110.02	+6.2%	COMMON	084670702
—	LUMINA COPPER LCC.V	427,975	$1.762M	0.7%	$4.64	—	COMMON	55025N104
—	OXFORD LANE CAPITAL	103,890	$1.735M	0.7%	$16.55	—	COMMON	691543102
—	MONMOUTH REAL ESTATE	177,355	$1.692M	0.7%	$9.87	—	REAL ES	609720107
—	ARC LOGISTICS	79,560	$1.687M	0.7%	$21.90	—	COMMON	03879N101
—	ENVIROSTAR INC EVI	500,279	$1.686M	0.7%	$1.78	—	COMMON	29414M100
CVU	CPI AEROSTRUCTURES IN	125,775	$1.635M	0.7%	$9.42	+49.5%	COMMON	125919308
INTT	INTEST CORP INTT	406,035	$1.628M	0.7%	$3.27	+21.2%	COMMON	461147100
MMLP	MARTIN MIDSTREAM	37,740	$1.625M	0.7%	$44.10	—	COMMON	573331105
—	GENERAL FINANCE CORP	204,200	$1.613M	0.7%	$4.65	—	COMMON	369822101
HAIN	HAIN CELESTIAL GROUP	17,500	$1.6M	0.7%	$32.22	+41.4%	COMMON	405217100
SJT	SAN JUAN	90,595	$1.599M	0.7%	$16.05	—	COMMON	798241105
—	RAND LOGISTICS CORP R	228,601	$1.577M	0.7%	$5.13	—	COMMON	752182105
MPT	MEDICAL PPTYS TRUST I	121,490	$1.554M	0.7%	$14.32	—	REAL ES	58463J304
—	WINTHROP RLTY 9.25% D	56,625	$1.507M	0.6%	$26.64	—	PREFERR	976391508
GOOD	GLADSTONE COML CORP G	86,539	$1.501M	0.6%	$18.64	—	REAL ES	376536108
—	PREFERRED APT COMM AP	172,245	$1.387M	0.6%	$8.79	—	REAL ES	74039L103
IRT	INDEPENDENCE RLTY IRT	155,600	$1.386M	0.6%	$8.25	—	REAL ES	45378A106
RGLD	ROYAL GOLD INC RGLD	21,945	$1.374M	0.6%	$54.31	+13.2%	COMMON	780287108
—	SMTP INC	214,900	$1.352M	0.6%	$6.29	—	COMMON	784589202
—	LASALLE HOTEL 7.50% H	51,275	$1.325M	0.6%	$26.01	—	PREFERR	517942702
—	QR ENERGY	73,865	$1.321M	0.6%	$17.59	—	COMMON	74734R108
KTOS	KRATOS DEFENSE & SEC	174,002	$1.312M	0.6%	$5.62	+37.6%	COMMON	50077B207
—	NORTHERN OIL & GAS NO	86,850	$1.27M	0.5%	$13.34	—	COMMON	665531109
—	DOUBLE EAGLE 9.25% A	50,630	$1.266M	0.5%	$25.12	—	PREFERR	258570407
—	GASTAR EXPLOR 8.620%	47,915	$1.26M	0.5%	$24.51	—	PREFERR	36729P207
—	XPLORE TECHNOLOGIES X	198,075	$1.258M	0.5%	$3.50	—	COMMON	983950700
WLDN	WILLDAN GROUP INC WLD	273,944	$1.241M	0.5%	$2.63	+78.6%	COMMON	96924N100
—	VENAXIS INC COM APPY	471,700	$1.241M	0.5%	$1.22	—	COMMON	92262A107
CGIP	CELADON GROUP INC CGI	49,767	$1.196M	0.5%	$18.16	+17.4%	COMMON	150838100
—	TRUETT-HURST INC THST	239,300	$1.192M	0.5%	$5.90	—	COMMON	897871109
IEX	IDEX CORP IEX	16,305	$1.188M	0.5%	$45.08	+38.1%	COMMON	45167R104
—	EVOLUT PETRO 8.50% A	45,950	$1.174M	0.5%	$26.00	—	PREFERR	30049A206
—	ABAXIS INC ABAX	30,100	$1.17M	0.5%	$47.50	—	COMMON	002567105
—	KAYNE ANDERSON MLP KYN	31,570	$1.159M	0.5%	$38.90	—	MUTUAL	486606106
—	MAGNUM HUN RE 10.25%	44,170	$1.141M	0.5%	$25.21	—	PREFERR	55973B201
—	UROPLASTY INC UPI	310,972	$1.129M	0.5%	$2.07	—	COMMON	917277204
—	FIRST POTOMAC 7.75% A	44,475	$1.127M	0.5%	$26.38	—	PREFERR	33610F307
—	ADAMIS PHARMACEUTICAL	170,925	$1.087M	0.5%	$6.40	—	COMMON	00547W208
—	PRIVATEBANC 10.00% A	40,755	$1.084M	0.5%	$25.85	—	PREFERR	74272L208
—	GOLDCORP INC NEW GG	44,046	$1.078M	0.5%	$24.73	—	COMMON	380956409
MRTN	MARTEN TRANS LTD MRTN	49,387	$1.063M	0.4%	$4.79	+36.2%	COMMON	573075108
MLR	MILLER INDS INC TENN	51,185	$1M	0.4%	$11.36	+22.1%	COMMON	600551204
—	I D SYSTEMS INC IDSY	172,025	$977K	0.4%	$5.03	—	COMMON	449489103
—	STRATEGIC HTL 8.25% C	38,690	$975K	0.4%	$24.01	—	PREFERR	86272T502
—	XG TECHNOLOGY INC XGT	354,400	$971K	0.4%	$3.48	—	COMMON	98372A309
—	CAMPUS CREST 8.00% A	37,050	$932K	0.4%	$26.35	—	PREFERR	13466Y204
JKHY	HENRY JACK & ASSOC JK	15,750	$878K	0.4%	$39.46	+25.3%	COMMON	426281101
—	KIMCO PFD H 6.90% H K	34,000	$876K	0.4%	$25.50	—	PREFERR	49446R828
—	FID/CLAY PFD FFC	44,625	$858K	0.4%	$18.74	—	PREFERR	338478100
—	DELPHI ENERGY CORP DP	346,000	$843K	0.4%	$1.20	—	COMMON	247128101
—	ASHFORD 8.45% D AHT-P	33,175	$840K	0.4%	$25.29	—	PREFERR	044103406
—	GSE SYS	481,765	$838K	0.4%	$1.51	—	COMMON	36227K106
SAM	BOSTON BEER INC SAM	3,400	$832K	0.4%	$158.63	+43.7%	COMMON	100557107
ASUR	ASURE SOFTWARE INC AS	125,355	$832K	0.4%	$5.70	+3.6%	COMMON	04649U102
—	MICRONET ENERTEC TECH	172,090	$829K	0.4%	$4.52	—	COMMON	595117102
—	ERICKSON AIR-CRANE IN	41,800	$807K	0.3%	$18.81	—	COMMON	29482P100
—	GLACIER WATER 9.06% A	28,865	$753K	0.3%	$25.91	—	PREFERR	376398202
CDP	CORPORATE OFF PPTYS T	28,175	$751K	0.3%	$25.50	—	REAL ES	22002T108
—	FIRST POTOMAC RLTY TR	57,930	$748K	0.3%	$13.05	—	REAL ES	33610F109
—	IMPRIMIS PHARMA IMMY	111,053	$745K	0.3%	$6.45	—	COMMON	45323A201
—	OCULUS INNOVATIVE SCI	196,685	$742K	0.3%	$2.69	—	COMMON	67575P207
—	AMERICAN EAGLE ENERGY	101,614	$727K	0.3%	$2.04	—	COMMON	02554F102
—	MONMOUTH PFD-B 7.88%	28,200	$721K	0.3%	$25.82	—	PREFERR	609720305
—	CONTANGO OIL & GAS MC	14,950	$714K	0.3%	$47.29	—	COMMON	21075N204
FNV	FRANCO NEVADA CORP CO	15,468	$709K	0.3%	$34.68	+20.7%	COMMON	351858105
DXLG	DESTINATION XL GROUP	124,815	$704K	0.3%	$5.24	+7.9%	COMMON	25065K104
—	BOWL AMER INC BWL	44,995	$697K	0.3%	$12.99	—	COMMON	102565108
SLV	ISHARES SILVER TRUST	36,230	$690K	0.3%	$18.96	—	MUTUAL	46428Q109
—	ATLAS ENERGY	16,000	$689K	0.3%	$49.02	—	COMMON	049298102
—	SANDSTORM GOLD LTD CO	123,090	$686K	0.3%	$5.84	—	COMMON	80013R206
—	ATLANTIC COAST FINL A	151,400	$680K	0.3%	$4.30	—	COMMON	048426100
UMH	U M H PROPERTIES UMH	69,325	$678K	0.3%	$10.27	—	REAL ES	903002103
—	SEASPAN CORP SSW	30,459	$672K	0.3%	$20.75	—	COMMON	Y75638109
PCYO	PURECYCLE CORP PCYO	110,800	$670K	0.3%	$5.95	+5.3%	COMMON	746228303
—	POWERSHS DB AG DBA	23,612	$669K	0.3%	$24.90	—	MUTUAL	73936B408
—	SUPERCONDUCTOR TECH S	227,199	$613K	0.3%	$2.27	—	COMMON	867931404
RCMT	RCM TECHNOLOGIES INC	90,745	$612K	0.3%	$5.66	+19.6%	COMMON	749360400
—	LEXINGTON PPTYS LXP	55,353	$604K	0.3%	$11.68	—	REAL ES	529043101
—	YAMANA GOLD INC AUY	67,235	$590K	0.2%	$9.52	—	COMMON	98462Y100
USAC	USA COMPRESSION	20,700	$543K	0.2%	$23.53	—	COMMON	90290N109
AGFXF	PS AGRI LG ETN AGF	29,510	$519K	0.2%	$16.01	—	MUTUAL	25154H533
—	PARAMOUNT GOLD & SILV	418,650	$515K	0.2%	$1.19	—	COMMON	69924P102
ICLR	ICON PLC SHS ICLR	10,300	$490K	0.2%	$32.90	+35.6%	COMMON	G4705A100
—	GRAMERCY PPTY 8.125%	19,435	$484K	0.2%	$33.42	—	PREFERR	38489R209
—	SENIOR HSG PPTYS SNH	21,215	$477K	0.2%	$25.93	—	REAL ES	81721M109
—	LASALLE HOTEL PPTY LH	15,230	$477K	0.2%	$24.69	—	REAL ES	517942108
—	LAYNE CHRISTENSEN CO	24,630	$448K	0.2%	$19.52	—	COMMON	521050104
—	GRACE ACQUI 8.750% P	26,080	$443K	0.2%	$9.51	—	PREFERR	982568206
—	FID/CLAY MLP FMO	16,474	$428K	0.2%	$27.28	—	COMMON	31647Q106
CPIX	CUMBERLAND PHARMACEUT	91,315	$411K	0.2%	$4.97	-4.3%	COMMON	230770109
—	AKERS BIOSCIENCES	90,000	$410K	0.2%	$4.56	—	COMMON	00973E102
—	ADVANTAGE OIL & GAS A	80,210	$395K	0.2%	$3.94	—	COMMON	00765F101
—	SMARTPROS LTD SPRO	165,100	$380K	0.2%	$1.75	—	COMMON	83171G103
ACTG	ACACIA RESH CORP ACTG	24,615	$376K	0.2%	$22.79	-41.1%	COMMON	003881307
SA	SEABRIDGE GOLD INC SA	52,655	$373K	0.2%	$11.28	-24.9%	COMMON	811916105
—	IMAGE SENSING SYS INC	68,960	$362K	0.2%	$7.35	—	COMMON	45244C104
—	BURCON NUTRASCIENCE B	96,975	$359K	0.2%	$2.47	—	COMMON	120831102
—	GRAN TIERRA ENERGY IN	47,453	$355K	0.2%	$6.02	—	COMMON	38500T101
—	JAPAN SMALLER CAPTL J	39,957	$350K	0.1%	$8.57	—	FOREIGN	47109U104
FSI	FLEXIBLE SOLUTIONS FS	437,525	$346K	0.1%	$0.76	+1.0%	COMMON	33938T104
—	SAUL CENTERS 8.00% A	13,415	$344K	0.1%	$25.93	—	PREFERR	804095200
SBNY	SIGNATURE BK NEW YORK	2,700	$339K	0.1%	$82.88	—	COMMON	82669G104
—	CALUMET SPECIALTY LP	12,835	$332K	0.1%	$36.37	—	COMMON	131476103
—	PSIVIDA CORP PSDV	78,884	$323K	0.1%	$3.87	—	COMMON	74440J101
—	GP STRATEGIES CORP GP	11,775	$321K	0.1%	$23.78	—	COMMON	36225V104
—	QUALSTAR CORP QBAK	204,520	$317K	0.1%	$1.40	—	COMMON	74758R109
—	KAYNE MIDSTREAM FUND	9,305	$316K	0.1%	$32.39	—	MUTUAL	48661E106
—	INVENTURE FOODS INC S	22,100	$309K	0.1%	$8.35	—	COMMON	461212102
—	H & Q LIFE SCIENCES H	13,933	$303K	0.1%	$17.87	—	MUTUAL	404053100
—	NGP CAP RES CO NGPC	44,515	$301K	0.1%	$6.13	—	MUTUAL	62912R107
WDOFF	WESDOME GOLD MINES WD	451,500	$301K	0.1%	$0.50	+39.1%	COMMON	95083R100
—	RICEBRAN TECHNOLOGIES	69,125	$287K	0.1%	$4.98	—	COMMON	762831204
—	MARLIN MIDSTREAM	15,075	$265K	0.1%	$17.93	—	COMMON	57118V100
—	BRIDGELINE DIGITAL	257,750	$260K	0.1%	$1.20	—	COMMON	10807Q205
—	MV GOLD STX ETF GDX	10,890	$257K	0.1%	$24.50	—	MUTUAL	57060U100
GLD	SPDR GOLD TRUST	1,966	$243K	0.1%	$119.08	—	COMMON	78463V107
—	CELLECTAR BIOSCIENCES	605,248	$236K	0.1%	$0.39	—	COMMON	15117F104
—	SARATOGA RES INC TEX	173,650	$234K	0.1%	$1.53	—	COMMON	803521103
—	PROFESSIONAL DIVERSIT	67,350	$232K	0.1%	$4.19	—	COMMON	74312Y103
—	GLADSTONE CAPITAL COR	21,625	$218K	0.1%	$8.17	—	REAL ES	376535100
TEVA	TEVA PHARMA	3,960	$209K	0.1%	$52.78	—	COMMON	881624209
—	SL GREEN	2,050	$206K	0.1%	$100.49	—	REAL ES	78440X101
—	TORTOISE ENERGY INFRA TYG	4,450	$204K	0.1%	$46.52	—	COMMON	89147L100
—	HARVARD APPARATUS HAR	18,777	$170K	0.1%	$4.72	—	COMMON	41690A106
—	SILVERCREST MINES SVL	59,100	$109K	0.0%	$1.48	—	COMMON	828365106
—	TRAVELCENTERS OF AMERICA	10,000	$82,000	0.0%	$10.90	—	COMMON	894174101
—	WAVE SYSTEMS WAVX	68,780	$63,000	0.0%	$1.30	—	COMMON	943526400
—	RIO ALTO MNG LTD NEW	26,200	$51,000	0.0%	$1.86	—	COMMON	76689T104
—	MICRONET $6.25 04/15/	48,015	$47,000	0.0%	$0.75	—	WARRANT	595117110
—	RICEBRAN WT EXP 00001	46,500	$42,000	0.0%	$1.38	—	WARRANT	762831113
—	STAR BUFFET INC STRZQ	33,625	$40,000	0.0%	$2.17	—	COMMON	855086104
—	ENSERVCO CORP	10,000	$24,000	0.0%	$2.40	—	COMMON	29358Y102
—	T3 MOTION INC TTTM	203,200	$18,000	0.0%	$0.04	—	COMMON	89853X306
—	T3 I WARR $3.50 5/13/	176,950	$4,000	0.0%	$0.03	—	WARRANT	89853X124
—	STORM CAT ENERGY CORP	193,700	$1,000	0.0%	—	—	COMMON	862168101
—	GLOBAL AIRCRAFT SOL G	50,650	$0	0.0%	—	—	COMMON	378964100
—	WORLDWIDE ENERGY WEMU	95,225	$0	0.0%	—	—	COMMON	98158R104