Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	GTT COMMUNICATIONS INC	2,550,621	$33.74M	11.2%	$10.53	—	COM	362393100
—	INTRALINKS HLDGS INC	1,850,200	$22.02M	7.3%	$8.10	—	COM	46118H104
—	EVINE LIVE INC	3,094,365	$20.39M	6.7%	$6.59	—	CL A	300487105
—	BIOTELEMETRY INC	1,454,782	$14.59M	4.8%	$7.68	—	COM	090672106
—	SKILLED HEALTHCARE GROUP INC	1,353,650	$11.6M	3.8%	$6.60	—	CL A	83066R107
BBW	BUILD A BEAR WORKSHOP	559,966	$11.26M	3.7%	$5.52	+166.9%	COM	120076104
BB	BLACKBERRY LTD	998,106	$10.96M	3.6%	$10.23	+0.1%	COM	09228F103
CVCO	CAVCO INDS INC DEL	136,122	$10.79M	3.6%	$51.92	+41.4%	COM	149568107
—	TELECOMMUNICATION SYS INC	3,340,059	$10.42M	3.4%	$2.79	—	CL A	87929J103
—	CALLON PETE CO DEL	1,761,048	$9.598M	3.2%	$6.27	—	COM	13123X102
—	GLOBAL EAGLE ENTMT INC	685,791	$9.334M	3.1%	$11.22	—	COM	37951D102
—	NORTH AMERN ENERGY PARTNERS	2,472,698	$7.764M	2.6%	$4.71	—	COM	656844107
—	POINTS INTL LTD	602,494	$7.706M	2.5%	$21.17	—	COM NEW	730843208
—	THESTREET INC	3,081,118	$7.333M	2.4%	$2.24	—	COM	88368Q103
—	UNITED ONLINE INC	501,192	$7.292M	2.4%	$11.31	—	COM NEW	911268209
LMAT	LEMAITRE VASCULAR INC	909,539	$6.958M	2.3%	$5.84	+9.5%	COM	525558201
—	PMFG INC	1,284,900	$6.72M	2.2%	$5.00	—	COM	69345P103
—	REIS INC	221,633	$5.8M	1.9%	$24.68	—	COM	75936P105
—	SERVICESOURCE INTL LLC	1,187,320	$5.557M	1.8%	$3.45	—	COM	81763U100
—	HOOPER HOLMES INC	10,783,314	$5.553M	1.8%	$0.38	—	COM	439104100
—	VITESSE SEMICONDUCTOR CORP	1,433,906	$5.42M	1.8%	$2.98	—	COM NEW	928497304
BRK/A	BERKSHIRE HATHAWAY INC DEL	21	$4.746M	1.6%	$165023.42	+31.2%	CL A	084670108
—	HUDSON GLOBAL INC	1,490,242	$4.612M	1.5%	$3.42	—	COM	443787106
LOPE	GRAND CANYON ED INC	90,818	$4.238M	1.4%	$44.62	0.0%	COM	38526M106
—	RIGHTSIDE GROUP LTD	613,668	$4.124M	1.4%	$8.66	—	COM	76658B100
—	DIGIRAD CORP	928,040	$4.046M	1.3%	$3.46	—	COM	253827109
—	URANERZ ENERGY CORP	3,606,059	$4.039M	1.3%	$1.10	—	COM	91688T104
—	SCHNITZER STL INDS	150,126	$3.387M	1.1%	$22.56	—	CL A	806882106
—	RESOLUTE ENERGY CORP	2,176,073	$2.872M	0.9%	$3.15	—	COM	76116A108
—	SANDRIDGE ENERGY INC	1,511,550	$2.751M	0.9%	$1.82	—	COM	80007P307
—	AVID TECHNOLOGY INC	180,814	$2.569M	0.8%	$14.21	—	COM	05367P100
RM	REGIONAL MGMT CORP	161,070	$2.547M	0.8%	$12.35	0.0%	COM	75902K106
—	ENVIVIO INC	1,870,097	$2.506M	0.8%	$1.84	—	COM	29413T106
—	PROCERA NETWORKS INC	311,947	$2.243M	0.7%	$7.19	—	COM NEW	74269U203
—	SPARK NETWORKS INC	584,734	$2.099M	0.7%	$4.41	—	COM	84651P100
—	SELECTICA INC	355,920	$1.844M	0.6%	$6.42	—	COM NEW	816288203
—	KOFAX LTD	256,391	$1.802M	0.6%	$7.03	—	COM USD	G5307C105
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,630	$1.746M	0.6%	$110.02	+31.2%	CL B NEW	084670702
—	GLOBAL SHIP LEASE INC NEW	323,454	$1.456M	0.5%	$4.01	—	SHS A	Y27183105
—	HC2 HLDGS INC	157,936	$1.331M	0.4%	$8.43	—	COM	404139107
—	ALTEVA	187,361	$1.321M	0.4%	$7.05	—	COM	02153V102
GOLD	A MARK PRECIOUS METALS INC	124,759	$1.244M	0.4%	$5.35	-4.6%	COM	00181T107
—	CROWN MEDIA HLDGS INC	322,462	$1.142M	0.4%	$3.84	—	CL A	228411104
WPC	W P CAREY INC	15,300	$1.073M	0.4%	$63.79	—	COM	92936U109
—	ACORN ENERGY INC	1,292,607	$997K	0.3%	$2.33	—	COM	004848107
MXL	MAXLINEAR INC	126,921	$940K	0.3%	$7.88	-9.3%	CL A	57776J100
—	HF2 FINL MGMT INC	90,224	$939K	0.3%	$10.41	—	CL A	40421A104
—	SERVICESOURCE INTL LLC	1,000,000	$746K	0.2%	$0.75	—	NOTE 1.500% 8/0	81763UAB6
GHC	GRAHAM HLDGS CO	856	$739K	0.2%	$395.26	+11.0%	COM	384637104
—	NEW YORK & CO INC	218,506	$577K	0.2%	$5.67	—	COM	649295102
NTIP	NETWORK 1 TECHNOLOGIES INC	252,763	$556K	0.2%	$2.20	0.0%	COM	64121N109
—	HOSPITALITY PPTYS TR	17,929	$556K	0.2%	$26.83	—	COM SH BEN INT	44106M102
BIP	BROOKFIELD INFRAST PARTNERS	13,158	$551K	0.2%	$38.00	—	LP INT UNIT	G16252101
—	PULSE ELECTRONICS CORP	476,318	$514K	0.2%	$1.34	—	COM NEW	74586W205
—	ASCENT CAP GROUP INC	600,000	$494K	0.2%	$0.90	—	NOTE 4.000% 7/1	043632AA6
OPY	OPPENHEIMER HLDGS INC	19,245	$447K	0.1%	$18.77	+21.7%	CL A NON VTG	683797104
—	JACKSONVILLE BANCORP INC MD	14,709	$338K	0.1%	$22.32	—	COM	46924R106
—	ESSA BANCORP INC	26,546	$319K	0.1%	$11.29	—	COM	29667D104
—	WESTFIELD FINANCIAL INC NEW	42,790	$314K	0.1%	$7.07	—	COM	96008P104
EBMT	EAGLE BANCORP MONT INC	28,102	$308K	0.1%	$7.87	+1.4%	COM	26942G100
—	ONEIDA FINL CORP MD	22,724	$295K	0.1%	$13.65	—	COM	682479100
—	BSB BANCORP INC MD	15,775	$294K	0.1%	$18.42	—	COM	05573H108
—	TWO HBRS INVT CORP	26,000	$261K	0.1%	$9.65	—	COM	90187B101
—	CUI GLOBAL INC	34,097	$254K	0.1%	$7.45	—	COM NEW	126576206
CBFV	CB FINL SVCS INC	10,726	$213K	0.1%	$12.57	0.0%	COM	12479G101
RYN	RAYONIER INC	6,950	$194K	0.1%	$29.81	—	COM	754907103
WY	WEYERHAEUSER CO	4,816	$173K	0.1%	$21.05	+5.9%	COM	962166104
—	PLUM CREEK TIMBER CO INC	3,874	$166K	0.1%	$39.97	—	COM	729251108
—	CATCHMARK TIMBER TR INC	14,429	$163K	0.1%	$10.95	—	CL A	14912Y202
PCH	POTLATCH CORP NEW	3,750	$157K	0.1%	$40.71	—	COM	737630103
—	CARBONITE INC	10,871	$155K	0.1%	$14.26	—	COM	141337105
—	POPE RES DEL LTD PARTNERSHIP	2,253	$143K	0.0%	$66.20	—	DEPOSITRY RCPT	732857107
—	SHIP FINANCE INTERNATIONAL L	8,000	$113K	0.0%	$16.88	—	SHS	G81075106