Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	STERICYCLE INC	45,250	$6.354M	3.0%	$110.42	—	COM	858912108
TYL	TYLER TECHNOLOGIES INC	45,000	$5.424M	2.6%	$64.83	+76.7%	COM	902252105
CSV	CARRIAGE SVCS INC	204,177	$4.874M	2.3%	$15.84	+25.5%	COM	143905107
—	II VI INC	257,144	$4.747M	2.3%	$16.26	—	COM	902104108
USPH	U S PHYSICAL THERAPY INC	92,748	$4.406M	2.1%	$26.44	+60.8%	COM	90337L108
WLDN	WILLDAN GROUP INC	258,244	$4.091M	2.0%	$2.63	+425.2%	COM	96924N100
—	SPARTON CORP	157,925	$3.869M	1.9%	$17.24	—	COM	847235108
—	TEAM INC	93,445	$3.642M	1.7%	$37.85	—	COM	878155100
—	TARGA RESOURCES PARTNERS	84,904	$3.512M	1.7%	$47.12	—	COM UNIT	87611X105
ENSG	ENSIGN GROUP INC	73,420	$3.44M	1.6%	$8.41	+130.7%	COM	29358P101
—	KMG CHEMICALS INC	125,710	$3.36M	1.6%	$21.10	—	COM	482564101
BCPC	BALCHEM CORP	59,869	$3.316M	1.6%	$41.81	+29.1%	COM	057665200
—	GREAT AJAX CORP	212,875	$3.093M	1.5%	$14.53	—	COM	38983D300
ACU	ACME UTD CORP	166,668	$3.045M	1.5%	$9.86	+54.5%	COM	004816104
TGEN	TECOGEN INC NEW	599,250	$3.038M	1.5%	$8.29	-39.0%	COM NEW	87876P201
KWR	QUAKER CHEM CORP	34,780	$2.979M	1.4%	$61.79	+35.4%	COM	747316107
EPM	EVOLUTION PETROLEUM CORP	487,175	$2.899M	1.4%	$5.20	-31.8%	COM	30049A107
HDSN	HUDSON TECHNOLOGIES INC	676,750	$2.822M	1.4%	$3.65	+4.3%	COM	444144109
—	POWERSHARES ETF TR II	67,890	$2.652M	1.3%	$32.55	—	S&P SMCP UTI P	73937B837
—	CORENERGY INFRASTRUCTURE	370,110	$2.565M	1.2%	$6.97	—	COM	21870U205
—	GRAMERCY PPTY TR INC	91,021	$2.555M	1.2%	$4.29	—	COM	38489R100
ECC	EAGLE PT CR CO LLC	115,375	$2.423M	1.2%	$20.10	—	COM	269808101
HBIO	HARVARD BIOSCIENCE INC	394,725	$2.297M	1.1%	$3.83	+40.3%	COM	416906105
NEO	NEOGENOMICS INC	484,900	$2.264M	1.1%	$3.81	+14.0%	COM NEW	64049M209
—	HEALTH CARE REIT INC	29,018	$2.245M	1.1%	$67.04	—	COM	42217K106
—	TORTOISE MLP FD INC	92,812	$2.233M	1.1%	$29.22	—	COM	89148B101
—	CEDAR FAIR L P	38,495	$2.21M	1.1%	$41.41	—	DEPOSITRY UNIT	150185106
—	SP PLUS CORP	100,680	$2.2M	1.1%	$26.01	—	COM	78469C103
PBA	PEMBINA PIPELINE CORP	69,125	$2.188M	1.0%	$24.32	-25.5%	COM	706327103
—	TRIANGLE PETE CORP	431,050	$2.168M	1.0%	$7.01	—	COM NEW	89600B201
IRT	INDEPENDENCE RLTY TR INC	222,425	$2.111M	1.0%	$8.70	—	COM	45378A106
—	BLUEROCK RESIDENT GR REIT	154,995	$2.066M	1.0%	$12.75	—	COM CL A	09627J102
—	ROYCE MICRO-CAP TR INC	210,802	$2.064M	1.0%	$10.81	—	COM	780915104
—	PICO HLDGS INC	125,461	$2.034M	1.0%	$20.96	—	COM NEW	693366205
MRCC	MONROE CAP CORP	133,175	$1.962M	0.9%	$3.65	+16.5%	COM	610335101
—	ARLINGTON ASSET INVT CORP	81,370	$1.958M	0.9%	$26.71	—	CL A NEW	041356205
DMLP	DORCHESTER MINERALS LP	83,845	$1.907M	0.9%	$24.59	—	COM UNIT	25820R105
—	MONMOUTH REAL ESTATE INVT	171,655	$1.907M	0.9%	$9.87	—	CL A	609720107
—	PREFERRED APT CMNTYS INC	175,445	$1.898M	0.9%	$8.77	—	COM	74039L103
—	OCI PARTNERS LP	117,260	$1.895M	0.9%	$16.00	—	COM UNIT REP LP	67091N108
LAND	GLADSTONE LD CORP	153,350	$1.848M	0.9%	$16.68	—	COM	376549101
—	ABAXIS INC	28,400	$1.821M	0.9%	$47.50	—	COM	002567105
DAKT	DAKTRONICS INC	166,120	$1.796M	0.9%	$7.99	+20.3%	COM	234264109
HAIN	HAIN CELESTIAL GROUP INC	27,900	$1.787M	0.9%	$43.16	+37.1%	COM	405217100
—	MOCON INC	107,292	$1.784M	0.9%	$13.55	—	COM	607494101
STKL	SUNOPTA INC	166,952	$1.773M	0.9%	$7.49	+46.4%	COM	8676EP108
NEWT	NEWTEK BUSINESS SVCS CORP	106,900	$1.767M	0.8%	$13.70	+17.2%	COM NEW	652526203
—	SPARK ENERGY INC	117,567	$1.734M	0.8%	$17.37	—	CL A COM	846511103
MPT	MEDICAL PPTYS TRUST INC	115,665	$1.705M	0.8%	$14.32	—	COM	58463J304
INTT	INTEST CORP	394,785	$1.619M	0.8%	$3.27	+26.5%	COM	461147100
—	S&W SEED CO	350,075	$1.617M	0.8%	$7.90	—	COM	785135104
—	GENERAL FIN CORP DEL	195,900	$1.581M	0.8%	$4.65	—	COM	369822101
GOOD	GLADSTONE COML CORP	84,614	$1.575M	0.8%	$18.64	—	COM	376536108
—	CITY OFFICE REIT INC	121,910	$1.552M	0.7%	$12.70	—	COM	178587101
—	SILVER WHEATON CORP	81,571	$1.551M	0.7%	$19.71	—	COM	828336107
—	OXFORD LANE CAP CORP	103,765	$1.538M	0.7%	$16.55	—	COM	691543102
—	ARC LOGISTICS PARTNERS LP	79,610	$1.535M	0.7%	$21.99	—	COM UT REP LPN	03879N101
—	TRECORA RES	122,280	$1.492M	0.7%	$12.20	—	COM	894648104
FPI	FARMLAND PARTNERS INC	126,740	$1.488M	0.7%	$13.05	—	COM	31154R109
CVU	CPI AEROSTRUCTURES INC	121,175	$1.478M	0.7%	$9.42	+25.9%	COM NEW	125919308
—	ENVIROSTAR INC	488,079	$1.454M	0.7%	$1.78	—	COM	29414M100
AG	FIRST MAJESTIC SILVER COR	253,137	$1.369M	0.7%	$11.47	-49.3%	COM	32076V103
CTRE	CARETRUST REIT INC	99,952	$1.355M	0.6%	$17.85	—	COM	14174T107
BRK/B	BERKSHIRE HATHAWAY INC DE	9,343	$1.348M	0.6%	$110.02	+33.7%	CL B NEW	084670702
RGLD	ROYAL GOLD INC	20,795	$1.312M	0.6%	$54.31	+26.5%	COM	780287108
MMLP	MARTIN MIDSTREAM PRTNRS L	36,925	$1.309M	0.6%	$44.10	—	UNIT L P INT	573331105
—	SPECTRUM PHARMACEUTICALS	207,960	$1.262M	0.6%	$7.46	—	COM	84763A108
CGIP	CELADON GROUP INC	45,667	$1.243M	0.6%	$18.16	+34.5%	COM	150838100
—	KAYNE ANDERSON MLP INVT C	34,945	$1.241M	0.6%	$39.10	—	COM	486606106
—	XPLORE TECHNOLOGIES CORP	195,175	$1.239M	0.6%	$3.50	—	COM PAR $0.001	983950700
IEX	IDEX CORP	15,705	$1.191M	0.6%	$45.08	+45.0%	COM	45167R104
—	SANDSTORM GOLD LTD	354,389	$1.162M	0.6%	$4.82	—	COM NEW	80013R206
—	SMTP INC	210,700	$1.106M	0.5%	$6.29	—	COM NEW	784589202
MRTN	MARTEN TRANS LTD	47,537	$1.103M	0.5%	$4.79	+51.8%	COM	573075108
MLR	MILLER INDS INC TENN	44,410	$1.088M	0.5%	$11.36	+46.1%	COM NEW	600551204
—	MARKET VECTORS ETF TR	47,671	$1.082M	0.5%	$33.63	—	JR GOLD MINERS E	57061R544
JKHY	HENRY JACK & ASSOC INC	15,250	$1.066M	0.5%	$39.46	+45.1%	COM	426281101
SJT	SAN JUAN BASIN RTY TR	85,770	$1.027M	0.5%	$16.05	—	UNIT BEN INT	798241105
—	I D SYSTEMS INC	159,300	$1.015M	0.5%	$5.03	—	COM	449489103
—	AIR INDS GROUP	97,600	$990K	0.5%	$10.85	—	COM NEW	00912N205
—	PEAK RESORTS INC	153,300	$944K	0.5%	$8.00	—	COM	70469L100
KTOS	KRATOS DEFENSE & SEC SOLU	160,706	$889K	0.4%	$5.62	-4.0%	COM NEW	50077B207
—	FLAHERTY&CRMN PFD SEC INC	40,775	$829K	0.4%	$18.77	—	COM	338478100
SAM	BOSTON BEER INC	3,050	$816K	0.4%	$158.63	+82.7%	CL A	100557107
CDP	CORPORATE OFFICE PPTYS TR	27,450	$806K	0.4%	$25.50	—	SH BEN INT	22002T108
—	GOLDCORP INC NEW	43,746	$793K	0.4%	$24.73	—	COM	380956409
—	TRUETT-HURST INC	241,000	$733K	0.4%	$5.85	—	CL A	897871109
FNV	FRANCO NEVADA CORP	15,018	$729K	0.3%	$34.68	+32.8%	COM	351858105
UMH	U M H PROPERTIES INC	72,050	$726K	0.3%	$10.20	—	COM	903002103
ASUR	ASURE SOFTWARE INC	125,305	$722K	0.3%	$5.70	+1.1%	COM	04649U102
—	RAND LOGISTICS INC	219,131	$712K	0.3%	$5.13	—	COM	752182105
—	ADAMIS PHARMACEUTICALS CO	180,175	$710K	0.3%	$6.35	—	COM NEW	00547W208
ICLR	ICON PLC	9,800	$691K	0.3%	$32.90	+88.4%	SHS	G4705A100
—	GSE SYS INC	459,465	$689K	0.3%	$1.51	—	COM	36227K106
TIP	ISHARES TR	5,850	$665K	0.3%	$112.13	—	TIPS BD ETF	464287176
—	BACTERIN INTL HLDGS INC	161,851	$664K	0.3%	$4.37	—	COM NEW	05644R200
—	MAGNUM HUNTER RES CORP DE	245,612	$656K	0.3%	$3.70	—	COM	55973B102
—	FIRST POTOMAC RLTY TR	54,730	$651K	0.3%	$13.05	—	COM	33610F109
—	NORTHERN OIL & GAS INC NE	83,050	$640K	0.3%	$13.34	—	COM	665531109
—	SAJAN INC	102,950	$620K	0.3%	$5.17	—	COM NEW	79379T202
—	ATLANTIC COAST FINL CORP	144,850	$601K	0.3%	$4.30	—	COM	048426100
—	LASALLE HOTEL PPTYS	15,130	$588K	0.3%	$24.69	—	COM SH BEN INT	517942108
RCMT	RCM TECHNOLOGIES INC	86,645	$581K	0.3%	$5.66	+11.3%	COM NEW	749360400
CPIX	CUMBERLAND PHARMACEUTICAL	86,940	$579K	0.3%	$4.97	+25.5%	COM	230770109
—	BOWL AMER INC	39,145	$575K	0.3%	$12.99	—	CL A	102565108
DXLG	DESTINATION XL GROUP INC	114,315	$565K	0.3%	$5.24	-5.8%	COM	25065K104
JYNT	JOINT CORP	70,700	$556K	0.3%	$6.38	+14.5%	COM	47973J102
PCYO	PURECYCLE CORP	109,400	$551K	0.3%	$5.95	-24.2%	COM NEW	746228303
SLV	ISHARES SILVER TRUST	34,230	$545K	0.3%	$18.96	—	ISHARES	46428Q109
—	SEASPAN CORP	29,559	$539K	0.3%	$20.75	—	SHS	Y75638109
—	LEXINGTON REALTY TRUST	54,629	$537K	0.3%	$11.68	—	COM	529043101
—	POWERSHS DB MULTI SECT CO	23,107	$512K	0.2%	$24.90	—	PS DB AGRICUL FD	73936B408
—	MICRONET ENERTEC TECH INC	167,950	$474K	0.2%	$4.52	—	COM	595117102
USAC	USA COMPRESSION PARTNERS	22,725	$465K	0.2%	$23.62	—	COMUNIT LTDPAR	90290N109
—	SENIOR HSG PPTYS TR	19,450	$432K	0.2%	$25.93	—	SH BEN INT	81721M109
—	FIDUCIARY CLAYMORE MLP OP	16,324	$426K	0.2%	$27.28	—	COM	31647Q106
—	GP STRATEGIES CORP	11,400	$422K	0.2%	$23.78	—	COM	36225V104
—	MARLIN MIDSTREAM PARTNERS	18,625	$412K	0.2%	$18.60	—	COM UTLTD PTN IN	57118V100
—	ADVANTAGE OIL & GAS LTD	71,660	$384K	0.2%	$3.94	—	COM	00765F101
—	AKERS BIOSCIENCES INC	89,700	$380K	0.2%	$4.54	—	COM	00973E102
—	UROPLASTY INC	300,331	$366K	0.2%	$2.07	—	COM NEW	917277204
SBNY	SIGNATURE BK NEW YORK N Y	2,700	$350K	0.2%	$82.88	—	COM	82669G104
—	JAPAN SMALLER CAPTLZTN FD	33,423	$332K	0.2%	$8.57	—	COM	47109U104
AGFXF	DEUTSCHE BK AG LDN BRH	26,505	$327K	0.2%	$16.01	—	DB AGRIC LNG ETN	25154H533
—	PROFESSIONAL DIVERSITY NE	66,050	$320K	0.2%	$4.19	—	COM	74312Y103
—	SUPERIOR DRILLING PRODS I	101,700	$312K	0.1%	$6.51	—	COM	868153107
—	SUPERCONDUCTOR TECHNOLOGI	221,369	$312K	0.1%	$2.27	—	COM PAR $0.001	867931404
—	KAYNE ANDERSON MDSTM ENER	9,305	$305K	0.1%	$40.09	—	COM	48661E108
—	MEDLEY MGMT INC	27,500	$302K	0.1%	$16.88	—	CL A COM	58503T106
TRGP	TARGA RES CORP	3,126	$299K	0.1%	$55.46	0.0%	COM	87612G101
—	PSIVIDA CORP	74,309	$294K	0.1%	$3.87	—	COM	74440J101
—	SMARTPROS LTD	160,725	$281K	0.1%	$1.75	—	COM	83171G103
—	RICEBRAN TECHNOLOGIES	68,425	$272K	0.1%	$4.98	—	COM NEW	762831204
—	BURCON NUTRASCIENCE CORP	114,602	$272K	0.1%	$2.52	—	COM	120831102
—	GLADSTONE CAPITAL CORP	30,550	$269K	0.1%	$8.39	—	COM	376535100
—	SL GREEN RLTY CORP	2,050	$263K	0.1%	$100.49	—	COM	78440X101
UWM	PROSHARES TR	2,700	$262K	0.1%	$75.93	—	PSHS ULTRUSS2000	74347R842
—	CALAMOS GLOBAL TOTAL RETU	19,250	$260K	0.1%	$13.87	—	COM SH BEN INT	128118106
AAPL	APPLE INC	2,008	$250K	0.1%	$18.66	+43.9%	COM	037833100
—	YAMANA GOLD INC	66,124	$237K	0.1%	$9.52	—	COM	98462Y100
—	OHA INVT CORP	44,315	$234K	0.1%	$4.69	—	COM	67091U102
ACTG	ACACIA RESH CORP	21,715	$232K	0.1%	$22.79	-45.5%	ACACIA TCH COM	003881307
SA	SEABRIDGE GOLD INC	41,955	$230K	0.1%	$11.28	-30.8%	COM	811916105
TEVA	TEVA PHARMACEUTICAL INDS	3,684	$230K	0.1%	$52.78	—	ADR	881624209
—	INVENTURE FOODS INC	19,700	$220K	0.1%	$8.35	—	COM	461212102
—	QUALSTAR CORP	147,270	$219K	0.1%	$1.40	—	COM	74758R109
—	CHECK CAP LTD	39,500	$217K	0.1%	$5.49	—	SHS	M2361E112
CPT	CAMDEN PPTY TR	2,750	$215K	0.1%	$47.98	+4.3%	SH BEN INT	133131102
JJSF	J & J SNACK FOODS CORP	2,000	$213K	0.1%	$85.15	+1.9%	COM	466032109
—	VENAXIS INC	442,050	$205K	0.1%	$1.22	—	COM	92262A107
GLD	SPDR GOLD TRUST	1,796	$204K	0.1%	$118.56	—	GOLD SHS	78463V107
—	MARKET VECTORS ETF TR	10,565	$193K	0.1%	$24.50	—	GOLD MINER ETF	57060U100
—	TRAVELCENTERS AMER LLC	10,000	$174K	0.1%	$10.90	—	COM	894174101
—	STRATEGIC HOTELS & RESORT	13,200	$164K	0.1%	$11.68	—	COM	86272T106
—	CELLECTAR BIOSCIENCES INC	43,000	$134K	0.1%	$4.43	—	COM NEW	15117F203
—	GRAN TIERRA ENERGY INC	46,953	$128K	0.1%	$6.02	—	COM	38500T101
—	XG TECHNOLOGY INC	409,500	$114K	0.1%	$3.20	—	COM PAR$.00001	98372A309
—	BRIDGELINE DIGITAL INC	224,450	$110K	0.1%	$1.20	—	COM	10807Q205
—	CAMPUS CREST CMNTYS INC	13,800	$99,000	0.0%	$6.41	—	COM	13466Y105
—	LAYNE CHRISTENSEN CO	19,605	$98,000	0.0%	$19.52	—	COM	521050104
—	IMAGE SENSING SYS INC	34,910	$81,000	0.0%	$7.35	—	COM	45244C104
—	RAIT FINANCIAL TRUST	10,000	$69,000	0.0%	$7.48	—	COM NEW	749227609
—	SILVERCREST MINES INC	59,100	$65,000	0.0%	$1.48	—	COM	828365106
—	RIO ALTO MNG LTD NEW	26,200	$65,000	0.0%	$1.86	—	COM	76689T104
—	RICEBRAN TECHNOLOGIES	45,800	$38,000	0.0%	$1.38	—	*W EXP 12/18/201	762831113
—	WAVE SYSTEMS CORP	51,655	$36,000	0.0%	$1.30	—	CL A PAR $0.01	943526400
—	DAKOTA PLAINS HLDGS INC	18,800	$35,000	0.0%	$2.39	—	COM	234255107
—	CELLECTAR BIOSCIENCES INC	30,000	$23,000	0.0%	$0.60	—	*W EXP 08/19/201	15117F112
—	CHECK CAP LTD	19,750	$20,000	0.0%	$1.01	—	*W EXP 02/28/202	M2361E120
—	MICRONET ENERTEC TECH INC	47,045	$18,000	0.0%	$0.75	—	*W EXP 04/15/201	595117110
—	ENSERVCO CORP	10,000	$18,000	0.0%	$2.40	—	COM	29358Y102
—	AMERICAN EAGLE ENERGY COR	90,190	$16,000	0.0%	$5.99	—	COM NEW	02554F300