Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLW	CORNING INC COM	339,697	$7.789M	6.5%	$14.59	+4.2%	COM	219350105
—	CHARTER FINL CORP MD	664,965	$7.614M	6.4%	$10.80	—	COM	16122W108
—	SUPERIOR INDUSTRIES	364,018	$7.204M	6.0%	$17.83	—	COM	868168105
CSCO	CISCO SYSTEMS INC	251,993	$7.009M	5.9%	$23.43	-21.9%	COM	17275R102
GLD	SPDR GOLD TR GOLD	58,464	$6.64M	5.6%	$126.81	—	GOLD SHS	78463V107
MSFT	MICROSOFT CORP	141,861	$6.589M	5.5%	$33.28	+19.8%	COM	594918104
JNJ	JOHNSON & JOHNSON	53,198	$5.563M	4.7%	$86.69	-10.8%	COM	478160104
—	SEACOR SMIT INC COM	71,474	$5.275M	4.4%	$89.11	—	COM	811904101
HTB	HOMETRUST BANCSHARES	306,700	$5.11M	4.3%	$15.57	-0.4%	COM	437872104
—	CENTRAL FD CDA LTD	440,000	$5.095M	4.3%	$11.62	—	CL A	153501101
MMM	3M CO COM	29,195	$4.797M	4.0%	$119.41	-24.9%	COM	88579Y101
HP	HELMERICH & PAYNE	58,531	$3.946M	3.3%	$69.06	+12.8%	COM	423452101
PFE	PFIZER INC COM	119,314	$3.717M	3.1%	$28.73	-37.4%	COM	717081103
IIIN	INSTEEL INDS INC COM	120,012	$2.83M	2.4%	$16.10	-14.1%	COM	45774W108
—	CONS TOMOKA LAND CO	44,631	$2.49M	2.1%	$39.22	—	COM	210226106
—	OCEAN SHORE HLDG CO	173,363	$2.483M	2.1%	$14.64	—	COM	67501R103
—	MALVERN BANCORP INC	187,782	$2.27M	1.9%	$12.74	—	COM	561409103
—	SI FINL GROUP INC MD	196,508	$2.226M	1.9%	$11.35	—	COM	78425V104
—	MARKET VECTORS ETF	105,115	$1.932M	1.6%	$25.02	—	GOLD MINER ETF	57060U100
—	HOPFED BANCORP INC	148,888	$1.894M	1.6%	$11.19	—	COM	439734104
—	ENGLOBAL CORP COM	908,892	$1.727M	1.4%	$1.23	—	COM	293306106
—	PROVIDENCE &	93,695	$1.687M	1.4%	$20.05	—	COM	743737108
—	ESSA BANCORP INC COM	119,600	$1.435M	1.2%	$10.42	—	COM	29667D104
LPG	DORIAN LPG LTD	100,755	$1.399M	1.2%	$14.35	0.0%	SHS USD	Y2106R110
HFBL	HOME FED BANCORP INC	69,761	$1.36M	1.1%	$16.97	-42.4%	COM	43708L108
SFBC	SOUND FINL BANCORP	73,318	$1.329M	1.1%	$15.05	-1.7%	COM	83607A100
EBMT	EAGLE BANCORP MONT	112,250	$1.231M	1.0%	$10.85	-26.5%	COM	26942G100
—	MERIDIAN BANCORP INC	108,700	$1.22M	1.0%	$10.56	—	COM	58958U103
IROQ	IF BANCORP INC COM	69,519	$1.176M	1.0%	$16.10	+4.5%	COM	44951J105
—	GEORGETOWN BANCORP	71,315	$1.173M	1.0%	$14.40	—	COM	372591107
BRT	BRT REALTY TRUST	158,092	$1.103M	0.9%	$7.17	—	SH BEN INT NEW	055645303
NUE	NUCOR CORP COM	21,400	$1.05M	0.9%	$49.02	-18.9%	COM	670346105
—	HARDINGE INC	80,200	$956K	0.8%	$15.45	—	COM	412324303
FRD	FRIEDMAN INDS INC	132,282	$927K	0.8%	$7.39	-9.2%	COM	358435105
ALG	ALAMO GROUP INC	17,614	$853K	0.7%	$42.13	0.0%	COM	011311107
—	NAUGATUCK VY FINL	98,678	$845K	0.7%	$7.65	—	COM	63906P107
—	ELECTRO SCIENTIFIC	108,192	$840K	0.7%	$7.76	—	COM	285229100
HURC	HURCO CO	20,965	$715K	0.6%	$25.56	+37.6%	COM	447324104
—	STATE INVS BANCORP	34,163	$708K	0.6%	$16.49	—	COM	857030100
—	ALLIED HEALTHCARE	343,644	$632K	0.5%	$2.25	—	COM	019222108
—	PEOPLES FED	27,000	$609K	0.5%	$17.41	—	COM	711037101
PBHC	PATHFINDER BANCORP	61,550	$603K	0.5%	$7.81	0.0%	COM	70319R109
XOM	EXXON MOBIL CORP COM	6,300	$582K	0.5%	$86.03	-32.6%	COM	30231G102
—	SIGMA DESIGNS INC	64,000	$474K	0.4%	$4.58	—	COM	826565103
HBCP	HOME BANCORP INC	17,491	$401K	0.3%	$18.05	-0.9%	COM	43689E107
—	ETFS GOLD TR SH	3,000	$348K	0.3%	$116.00	—	SHS	26922Y105
CVX	CHEVRON CORP NEW COM	2,229	$250K	0.2%	$121.56	-42.0%	COM	166764100
—	ENTEGRA FINL CORP	17,103	$246K	0.2%	$14.38	—	COM	29363J108
—	LOUISIANA BANCORP	10,400	$233K	0.2%	$17.60	—	COM	54619P104
—	SUNSHINE BANCORP INC	18,934	$232K	0.2%	$11.83	—	COM	86777J108
—	CMS BANCORP INC COM	16,218	$209K	0.2%	$8.57	—	COM	12600U102
AXR	AMREP CORP COM	47,336	$182K	0.2%	$5.09	-21.2%	COM	032159105