Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	DHX MEDIA LTD DHX.T	1,057,900	$6.612M	2.6%	$3.02	—	COMMON	252406103
TYL	TYLER TECHNOLOGIES TY	72,050	$6.572M	2.6%	$64.83	+25.1%	COMMON	902252105
—	STERICYCLE INC SRCL	46,250	$5.477M	2.2%	$110.42	—	COMMON	858912108
EPM	EVOLUTION PETROLEUM E	491,475	$5.382M	2.1%	$5.20	+12.6%	COMMON	30049A107
—	TRIANGLE PETROLEUM TP	454,650	$5.342M	2.1%	$7.01	—	COMMON	89600B201
—	HI-CRUSH PARTNERS	73,310	$4.806M	1.9%	$25.55	—	COMMON	428337109
—	SPARTON CORP SPA	161,575	$4.482M	1.8%	$17.24	—	COMMON	847235108
—	TEAM INC TISI	96,195	$3.946M	1.6%	$37.85	—	COMMON	878155100
—	TARGA RESOURCES	54,750	$3.938M	1.6%	$50.45	—	COMMON	87611X105
TGEN	TECOGEN INC NEW TGEN	489,600	$3.912M	1.5%	$8.81	0.0%	COMMON	87876P201
—	LUMINA COPPER LCC.V	411,475	$3.8M	1.5%	$4.64	—	COMMON	55025N104
—	II-VI INC IIVI	258,974	$3.745M	1.5%	$16.26	—	COMMON	902104108
CSV	CARRIAGE SVCS INC CSV	215,027	$3.683M	1.5%	$15.84	-4.9%	COMMON	143905107
USPH	U S PHYSICAL THERAPY	95,123	$3.252M	1.3%	$26.44	+22.1%	COMMON	90337L108
BCPC	BALCHEM CORP BCPC	60,619	$3.247M	1.3%	$41.81	+28.9%	COMMON	057665200
—	PICO HLDGS INC PICO	128,096	$3.044M	1.2%	$20.96	—	COMMON	693366205
ACU	ACME UTD CORP ACU	170,018	$2.848M	1.1%	$9.86	+35.5%	COMMON	004816104
AG	FIRST MAJESTIC SILVER	263,039	$2.843M	1.1%	$11.47	-18.4%	COMMON	32076V103
—	ROYCE MICRO TRUST	222,949	$2.813M	1.1%	$10.81	—	COMMON	780915104
KWR	QUAKER CHEM CORP KWR	36,455	$2.799M	1.1%	$61.79	+22.9%	COMMON	747316107
—	CORENERGY INFRASTRUC	372,935	$2.763M	1.1%	$6.96	—	REAL ES	21870U205
—	TORTOISE MLP FD NTG	91,162	$2.728M	1.1%	$29.23	—	MUTUAL	89148B101
—	POWERSHS SMCAP UTIL PSCU	69,190	$2.559M	1.0%	$32.55	—	COMMON	73937B837
DMLP	DORCHESTER MINERALS	83,120	$2.538M	1.0%	$24.49	—	COMMON	25820R105
—	QUADRANT 4 SYSTEMS QF	7,100,000	$2.485M	1.0%	$0.54	—	COMMON	74735A104
—	PURE TECHNOLOGIES LTD	368,275	$2.475M	1.0%	$4.32	—	COMMON	745915108
STKL	SUNOPTA INC STKL	174,252	$2.453M	1.0%	$7.49	+65.8%	COMMON	8676EP108
—	KMG CHEMICALS INC KMG	129,300	$2.325M	0.9%	$21.10	—	COMMON	482564101
ENSG	ENSIGN GROUP INC ENSG	74,820	$2.325M	0.9%	$8.41	+34.5%	COMMON	29358P101
WLDN	WILLDAN GROUP INC WLD	267,844	$2.322M	0.9%	$2.63	+119.8%	COMMON	96924N100
—	ARLINGTON ASSET INVT	81,145	$2.218M	0.9%	$26.74	—	REAL ES	041356205
—	SP PLUS CORP SP	103,130	$2.206M	0.9%	$26.01	—	COMMON	78469C103
—	SILVER WHEATON CORP S	82,463	$2.166M	0.9%	$19.71	—	COMMON	828336107
—	GRAMERCY PPTY TR INC	354,700	$2.146M	0.8%	$4.19	—	REAL ES	38489R100
—	MV JR GOLD MINERS GDXJ	49,457	$2.09M	0.8%	$25.93	—	MUTUAL	57060U589
—	VANGUARD NAT RES	64,720	$2.084M	0.8%	$27.90	—	COMMON	92205F106
—	CEDAR FAIR	39,270	$2.077M	0.8%	$41.41	—	COMMON	150185106
—	SPECTRUM PHARMA SPPI	250,135	$2.034M	0.8%	$7.46	—	COMMON	84763A108
—	MAGNUM HUNTER MHR	247,772	$2.03M	0.8%	$3.71	—	COMMON	55973B102
DAKT	DAKTRONICS DAKT	169,320	$2.018M	0.8%	$7.99	+31.6%	COMMON	234264109
—	S&W SEED CO SANW	310,675	$2.016M	0.8%	$8.38	—	COMMON	785135104
HDSN	HUDSON TECHNOLOGIES I	696,550	$2.013M	0.8%	$3.65	-19.8%	COMMON	444144109
—	ARC LOGISTICS	79,560	$1.964M	0.8%	$21.90	—	COMMON	03879N101
—	ATLAS PIPELINE	56,940	$1.959M	0.8%	$38.19	—	COMMON	049392103
LAND	GLADSTONE LD CORP LAN	150,650	$1.957M	0.8%	$16.93	—	REAL ES	376549101
—	GENERAL FINANCE CORP	200,500	$1.905M	0.8%	$4.65	—	COMMON	369822101
—	HEALTH CARE REIT INC	30,264	$1.897M	0.8%	$67.04	—	REAL ES	42217K106
HBIO	HARVARD BIOSCIENCE HB	402,725	$1.832M	0.7%	$3.83	+9.8%	COMMON	416906105
MRCC	MONROE CAPITAL	136,575	$1.812M	0.7%	$3.65	-1.1%	COMMON	610335101
—	MONMOUTH REAL ESTATE	177,355	$1.781M	0.7%	$9.87	—	REAL ES	609720107
—	OXFORD LANE CAPITAL	104,890	$1.775M	0.7%	$16.55	—	COMMON	691543102
BRK/B	BERKSHIRE HATHAWAY BR	13,991	$1.771M	0.7%	$110.02	+15.0%	COMMON	084670702
SJT	SAN JUAN	90,495	$1.746M	0.7%	$16.05	—	COMMON	798241105
—	MOCON INC MOCO	110,042	$1.74M	0.7%	$13.55	—	COMMON	607494101
NEO	NEOGENOMICS INC NEO	500,900	$1.663M	0.7%	$3.81	-12.9%	COMMON	64049M209
FPI	FARMLAND PARTNERS INC	126,715	$1.66M	0.7%	$13.10	—	REAL ES	31154R109
RGLD	ROYAL GOLD INC RGLD	21,745	$1.655M	0.7%	$54.31	+21.7%	COMMON	780287108
—	WINTHROP RLTY 9.25% D	62,975	$1.637M	0.6%	$26.57	—	PREFERR	976391508
MPT	MEDICAL PPTYS TRUST I	121,465	$1.608M	0.6%	$14.32	—	REAL ES	58463J304
CVU	CPI AEROSTRUCTURES IN	124,275	$1.575M	0.6%	$9.42	+37.7%	COMMON	125919308
INTT	INTEST CORP INTT	403,035	$1.568M	0.6%	$3.27	+20.5%	COMMON	461147100
—	LASALLE HOTEL 7.50% H	59,775	$1.558M	0.6%	$26.02	—	PREFERR	517942702
GOOD	GLADSTONE COML CORP G	86,964	$1.554M	0.6%	$18.64	—	REAL ES	376536108
MMLP	MARTIN MIDSTREAM	37,740	$1.554M	0.6%	$44.10	—	COMMON	573331105
—	CITY OFFICE REIT CIO	122,310	$1.551M	0.6%	$12.68	—	REAL ES	178587101
—	PREFERRED APT COMM AP	173,245	$1.537M	0.6%	$8.79	—	REAL ES	74039L103
HAIN	HAIN CELESTIAL GROUP	16,950	$1.504M	0.6%	$32.22	+38.2%	COMMON	405217100
CTRE	CARETRUST REIT INC CT	74,820	$1.481M	0.6%	$19.79	—	REAL ES	14174T107
IRT	INDEPENDENCE RLTY IRT	155,600	$1.472M	0.6%	$8.25	—	REAL ES	45378A106
—	DELPHI ENERGY CORP DP	345,000	$1.397M	0.6%	$1.20	—	COMMON	247128101
—	QR ENERGY	73,365	$1.393M	0.6%	$17.59	—	COMMON	74734R108
—	NORTHERN OIL & GAS NO	85,150	$1.387M	0.5%	$13.34	—	COMMON	665531109
—	RAND LOGISTICS CORP R	227,481	$1.365M	0.5%	$5.13	—	COMMON	752182105
KTOS	KRATOS DEFENSE & SEC	171,851	$1.34M	0.5%	$5.62	+38.0%	COMMON	50077B207
—	ABAXIS INC ABAX	30,100	$1.334M	0.5%	$47.50	—	COMMON	002567105
—	SMTP INC COM SMTPD	214,900	$1.311M	0.5%	$6.29	—	COMMON	784589202
IEX	IDEX CORP IEX	16,005	$1.292M	0.5%	$45.08	+44.0%	COMMON	45167R104
—	ESCALERA PFD E	50,630	$1.277M	0.5%	$25.22	—	COMMON	296064207
—	KAYNE ANDERSON MLP KYN	31,470	$1.24M	0.5%	$38.90	—	MUTUAL	486606106
—	ENVIROSTAR INC EVI	495,779	$1.239M	0.5%	$1.78	—	COMMON	29414M100
—	GOLDCORP INC NEW GG	44,046	$1.229M	0.5%	$24.73	—	COMMON	380956409
—	EVOLUT PETRO 8.50% A	45,950	$1.203M	0.5%	$26.00	—	PREFERR	30049A206
—	TRUETT-HURST INC THST	239,300	$1.197M	0.5%	$5.90	—	COMMON	897871109
—	GASTAR EXPLOR 8.620%	46,745	$1.188M	0.5%	$24.51	—	PREFERR	36729P207
—	MAGNUM HUN RE 10.25%	44,170	$1.178M	0.5%	$25.21	—	PREFERR	55973B201
—	FIRST POTOMAC 7.75% A	44,475	$1.151M	0.5%	$26.38	—	PREFERR	33610F307
—	XPLORE TECHNOLOGIES X	198,075	$1.143M	0.5%	$3.50	—	COMMON	983950700
MRTN	MARTEN TRANS LTD MRTN	49,087	$1.097M	0.4%	$4.79	+56.2%	COMMON	573075108
—	PRIVATEBANC 10.00% A	40,755	$1.082M	0.4%	$25.85	—	PREFERR	74272L208
—	AIR INDS GROUP INC AI	99,000	$1.074M	0.4%	$10.85	—	COMMON	00912N205
—	VENAXIS INC COM APPY	471,700	$1.052M	0.4%	$1.22	—	COMMON	92262A107
CGIP	CELADON GROUP INC CGI	47,442	$1.011M	0.4%	$18.16	+21.7%	COMMON	150838100
MLR	MILLER INDS INC TENN	47,685	$981K	0.4%	$11.36	+30.9%	COMMON	600551204
—	STRATEGIC HTL 8.25% C	38,690	$967K	0.4%	$24.01	—	PREFERR	86272T502
—	CAMPUS CREST 8.00% A	37,050	$947K	0.4%	$26.35	—	PREFERR	13466Y204
—	I D SYSTEMS INC IDSY	168,725	$918K	0.4%	$5.03	—	COMMON	449489103
JKHY	HENRY JACK & ASSOC JK	15,450	$918K	0.4%	$39.46	+25.2%	COMMON	426281101
—	KIMCO PFD H 6.90% H K	34,000	$888K	0.4%	$25.50	—	PREFERR	49446R828
FNV	FRANCO NEVADA CORP CO	15,364	$881K	0.3%	$34.68	+23.1%	COMMON	351858105
—	XG TECHNOLOGY INC XGT	438,000	$880K	0.3%	$3.20	—	COMMON	98372A309
—	FID/CLAY PFD FFC	44,625	$875K	0.3%	$18.74	—	PREFERR	338478100
—	BLUEROCK REIT BRG	65,500	$863K	0.3%	$13.18	—	REAL ES	09627J102
—	SANDSTORM GOLD LTD CO	123,090	$852K	0.3%	$5.84	—	COMMON	80013R206
—	ADAMIS PHARMACEUTICAL	176,075	$847K	0.3%	$6.35	—	COMMON	00547W208
—	ASHFORD 8.45% D AHT-P	33,175	$846K	0.3%	$25.29	—	PREFERR	044103406
—	UROPLASTY INC UPI	306,572	$822K	0.3%	$2.07	—	COMMON	917277204
—	GRAMERCY PPTY 8.125%	31,660	$795K	0.3%	$30.21	—	PREFERR	38489R209
—	GSE SYS INC GVP	475,265	$789K	0.3%	$1.51	—	COMMON	36227K106
CDP	CORPORATE OFF PPTYS T	28,175	$784K	0.3%	$25.50	—	REAL ES	22002T108
—	IMPRIMIS PHARMA IMMY	111,053	$771K	0.3%	$6.45	—	COMMON	45323A201
—	FIRST POTOMAC RLTY TR	57,930	$760K	0.3%	$13.05	—	REAL ES	33610F109
ASUR	ASURE SOFTWARE INC AS	125,305	$757K	0.3%	$5.70	+7.8%	COMMON	04649U102
—	GLACIER WATER 9.06% A	28,865	$750K	0.3%	$25.91	—	PREFERR	376398202
SAM	BOSTON BEER INC SAM	3,350	$749K	0.3%	$158.63	+43.7%	COMMON	100557107
PCYO	PURECYCLE CORP PCYO	110,400	$747K	0.3%	$5.95	-4.1%	COMMON	746228303
—	MONMOUTH PFD-B 7.88%	28,200	$740K	0.3%	$25.82	—	PREFERR	609720305
SLV	ISHARES SILVER TRUST	36,230	$734K	0.3%	$18.96	—	MUTUAL	46428Q109
—	MICRONET ENERTEC TECH	172,090	$731K	0.3%	$4.52	—	COMMON	595117102
—	SUPERIOR DRILLING SDP	111,800	$728K	0.3%	$6.51	—	COMMON	868153107
—	ATLAS ENERGY	16,000	$718K	0.3%	$49.02	—	COMMON	049298102
UMH	U M H PROPERTIES UMH	70,325	$705K	0.3%	$10.26	—	REAL ES	903002103
—	SEASPAN CORP SSW	29,925	$701K	0.3%	$20.75	—	COMMON	Y75638109
—	BOWL AMER INC BWL	42,795	$663K	0.3%	$12.99	—	COMMON	102565108
—	SUPERCONDUCTOR TECH S	224,451	$649K	0.3%	$2.27	—	COMMON	867931404
—	POWERSHS DB AG DBA	23,487	$645K	0.3%	$24.90	—	MUTUAL	73936B408
DXLG	DESTINATION XL GROUP	116,615	$643K	0.3%	$5.24	+1.5%	COMMON	25065K104
—	ATLANTIC COAST FINL A	151,400	$615K	0.2%	$4.30	—	COMMON	048426100
—	LEXINGTON PPTYS LXP	55,353	$609K	0.2%	$11.68	—	REAL ES	529043101
—	CONTANGO OIL & GAS MC	14,349	$607K	0.2%	$47.29	—	COMMON	21075N204
—	AMERICAN EAGLE ENERGY	100,815	$604K	0.2%	$5.99	—	COMMON	02554F300
RCMT	RCM TECHNOLOGIES INC	90,245	$574K	0.2%	$5.66	+14.7%	COMMON	749360400
—	YAMANA GOLD INC AUY	67,235	$553K	0.2%	$9.52	—	COMMON	98462Y100
—	GRACE ACQUI 8.750% P	26,080	$539K	0.2%	$9.51	—	PREFERR	982568206
—	LASALLE HOTEL PPTY LH	15,230	$537K	0.2%	$24.69	—	REAL ES	517942108
USAC	USA COMPRESSION	20,700	$532K	0.2%	$23.53	—	COMMON	90290N109
—	SENIOR HSG PPTYS SNH	21,215	$515K	0.2%	$25.93	—	REAL ES	81721M109
—	ADVANTAGE OIL & GAS A	76,710	$515K	0.2%	$3.94	—	COMMON	00765F101
SA	SEABRIDGE GOLD INC SA	52,005	$488K	0.2%	$11.28	-30.1%	COMMON	811916105
ICLR	ICON PLC SHS ICLR	10,300	$485K	0.2%	$32.90	+31.3%	COMMON	G4705A100
—	FID/CLAY MLP FMO	16,474	$474K	0.2%	$27.28	—	COMMON	31647Q106
AGFXF	PS AGRI LG ETN AGF	28,910	$469K	0.2%	$16.01	—	MUTUAL	25154H533
ACTG	ACACIA RESH CORP ACTG	23,615	$419K	0.2%	$22.79	-33.7%	COMMON	003881307
—	CALUMET SPECIALTY LP	12,835	$408K	0.2%	$36.37	—	COMMON	131476103
CPIX	CUMBERLAND PHARMACEUT	89,415	$402K	0.2%	$4.97	-10.2%	COMMON	230770109
—	PARAMOUNT GOLD & SILV	418,650	$402K	0.2%	$1.19	—	COMMON	69924P102
—	BURCON NUTRASCIENCE B	102,979	$389K	0.2%	$2.55	—	COMMON	120831102
—	GRAN TIERRA ENERGY IN	47,453	$385K	0.2%	$6.02	—	COMMON	38500T101
—	AKERS BIOSCIENCES INC	90,000	$383K	0.2%	$4.56	—	COMMON	00973E102
—	SMARTPROS LTD SPRO	162,300	$378K	0.1%	$1.75	—	COMMON	83171G103
—	KAYNE MIDSTREAM FUND	9,305	$377K	0.1%	$32.39	—	MUTUAL	48661E106
—	JAPAN SMALLER CAPTL J	39,557	$374K	0.1%	$8.57	—	FOREIGN	47109U104
—	RICEBRAN TECHNOLOGIES	69,125	$365K	0.1%	$4.98	—	COMMON	762831204
—	SAUL CENTERS 8.00% A	13,415	$353K	0.1%	$25.93	—	PREFERR	804095200
WDOFF	WESDOME GOLD MINES WD	433,500	$343K	0.1%	$0.50	+49.0%	COMMON	95083R100
SBNY	SIGNATURE BK NEW YORK	2,700	$341K	0.1%	$82.88	—	COMMON	82669G104
FSI	FLEXIBLE SOLUTIONS FS	401,925	$338K	0.1%	$0.76	-17.8%	COMMON	33938T104
—	PSIVIDA CORP PSDV	75,884	$329K	0.1%	$3.87	—	COMMON	74440J101
—	MARLIN MIDSTREAM	15,075	$307K	0.1%	$17.93	—	COMMON	57118V100
—	GP STRATEGIES CORP GP	11,700	$303K	0.1%	$23.78	—	COMMON	36225V104
—	LAYNE CHRISTENSEN CO	22,380	$298K	0.1%	$19.52	—	COMMON	521050104
—	MV GOLD STX ETF GDX	10,890	$288K	0.1%	$24.50	—	MUTUAL	57060U100
—	NGP CAP RES CO NGPC	44,515	$277K	0.1%	$6.13	—	MUTUAL	62912R107
—	PROFESSIONAL DIVERSIT	67,350	$274K	0.1%	$4.19	—	COMMON	74312Y103
GLD	SPDR GOLD TRUST	1,966	$252K	0.1%	$119.08	—	COMMON	78463V107
—	INVENTURE FOODS INC S	20,500	$231K	0.1%	$8.35	—	COMMON	461212102
—	GLADSTONE CAPITAL COR	22,450	$226K	0.1%	$8.24	—	REAL ES	376535100
—	QUALSTAR CORP QBAK	171,020	$226K	0.1%	$1.40	—	COMMON	74758R109
—	SL GREEN RLTY SLG	2,050	$224K	0.1%	$100.49	—	REAL ES	78440X101
AAPL	APPLE COMPUTER INC AA	2,408	$224K	0.1%	$18.66	0.0%	COMMON	037833100
—	TORTOISE ENERGY INFRA TYG	4,450	$220K	0.1%	$46.52	—	COMMON	89147L100
—	IMAGE SENSING SYS INC	66,210	$218K	0.1%	$7.35	—	COMMON	45244C104
—	BRIDGELINE SOFTWARE B	235,450	$207K	0.1%	$1.20	—	COMMON	10807Q205
TEVA	TEVA PHARMACEUTICALS	3,878	$203K	0.1%	$52.78	—	COMMON	881624209
—	ABERDEEN LATIN AMER L	6,770	$202K	0.1%	$29.84	—	FOREIGN	00306K106
—	HARVARD APPARATUS HAR	17,002	$178K	0.1%	$4.72	—	COMMON	41690A106
—	CELLECTAR BIOSCIENCES	22,923	$146K	0.1%	$6.37	—	COMMON	15117F203
—	SILVERCREST MINES SVL	59,100	$126K	0.0%	$1.48	—	COMMON	828365106
—	WAVE SYSTEMS WAVX	68,780	$97,000	0.0%	$1.30	—	COMMON	943526400
—	TRAVELCENTERS OF AMERICA	10,000	$89,000	0.0%	$10.90	—	COMMON	894174101
—	RICEBRAN $6.55 12/12/	46,500	$70,000	0.0%	$1.38	—	WARRANT	762831113
—	RIO ALTO MNG LTD NEW	26,200	$61,000	0.0%	$1.86	—	COMMON	76689T104
—	OCULUS INNOVATIVE SCI	19,184	$59,000	0.0%	$2.69	—	COMMON	67575P207
—	MICRONET $6.25 04/15/	48,015	$38,000	0.0%	$0.75	—	WARRANT	595117110
—	STAR BUFFET INC STRZQ	31,625	$28,000	0.0%	$2.17	—	COMMON	855086104
—	ENSERVCO CORP ENSV	10,000	$26,000	0.0%	$2.40	—	COMMON	29358Y102
—	T3 MOTION INC TTTM	200,600	$17,000	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