Morgan Dempsey Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AIR PRODS & CHEMS INC	COM	009158106	34	371	SH		SOLE		371	0	0
ALBEMARLE CORP COM	COM	012653101	255	4,090	SH		SOLE		4,090	0	0
ALERIAN MLP ETF	COM	00162q866	82	4,585	SH		SOLE		4,585	0	0
ALLIANT ENERGY CORP.	COM	018802108	533	10,571	SH		SOLE		10,571	0	0
ALTRIA GROUP INC	COM	02209s103	831	23,763	SH		SOLE		23,763	0	0
AMERICAN ELEC PWR INC	COM	025537101	656	14,647	SH		SOLE		14,647	0	0
AMETEK, INC.	COM	031100100	429	10,147	SH		SOLE		10,147	0	0
AMPHENOL CORP. - CL A	COM	032095101	339	4,355	SH		SOLE		4,355	0	0
AON CORP COM	COM	G0408V102	373	5,795	SH		SOLE		5,795	0	0
APOGEE ENTERPRISES INC	COM	037598109	2,320	96,648	SH		SOLE		96,648	0	0
APTARGROUP INC	COM	038336103	9,800	177,497	SH		SOLE		177,497	0	0
ARES CAPITAL CORP	COM	04010l103	367	21,365	SH		SOLE		21,365	0	0
ASTEC INDUSTRIES INC	COM	046224101	4,183	121,994	SH		SOLE		121,994	0	0
ASTRONICS CORPORATION	COM	046433108	3,067	75,034	SH		SOLE		75,034	0	0
AT & T CORP.	COM	00206r102	857	24,211	SH		SOLE		24,211	0	0
ATRION CORPORATION	COM	049904105	1,631	7,456	SH		SOLE		7,456	0	0
BADGER METER INC	COM	056525108	1,526	34,253	SH		SOLE		34,253	0	0
BALCHEM CORPORATION	COM	057665200	1,766	39,469	SH		SOLE		39,469	0	0
BAR HARBOR BANKSHARES INC	COM	066849100	848	23,199	SH		SOLE		23,199	0	0
BARD C R INC	COM	067383109	308	2,835	SH		SOLE		2,835	0	0
BEST BUY INC COM	COM	086516101	59	2,165	SH		SOLE		2,165	0	0
BRISTOL-MYERS SQUIBB	COM	110122108	889	19,892	SH		SOLE		19,892	0	0
BUCKEYE PARTNERS LP	COM	118230101	582	8,292	SH		SOLE		8,292	0	0
BUCKLE INC	COM	118440106	1,988	38,207	SH		SOLE		38,207	0	0
C&J ENERGY SERVICES INC	COM	12467B304	2,067	106,713	SH		SOLE		106,713	0	0
CABOT MICROELECTRONICS CORPORA	COM	12709p103	1,824	55,256	SH		SOLE		55,256	0	0
CAL-MAINE FOODS INC	COM	128030202	3,674	78,999	SH		SOLE		78,999	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	119	1,950	SH		SOLE		1,950	0	0
CARBO CERAMICS INC	COM	140781105	2,604	38,617	SH		SOLE		38,617	0	0
CHEVRONTEXACO CORPORATION	COM	166764100	109	921	SH		SOLE		921	0	0
CHURCH & DWIGHT CO., INC.	COM	171340102	202	3,270	SH		SOLE		3,270	0	0
CINTAS CORP.	COM	172908105	137	3,005	SH		SOLE		3,005	0	0
COLGATE PALMOLIVE CO	COM	194162103	75	1,311	SH		SOLE		1,311	0	0
COLUMBUS- MCKINNON INC	COM	199333105	813	38,139	SH		SOLE		38,139	0	0
CONOCOPHILLIPS	COM	20825C104	622	10,275	SH		SOLE		10,275	0	0
COPART, INC.	COM	217204106	319	10,345	SH		SOLE		10,345	0	0
CPI AEROSTRUCTURES INC	COM	125919308	1,186	109,340	SH		SOLE		109,340	0	0
CUBIC CORPORATION	COM	229669106	2,793	58,062	SH		SOLE		58,062	0	0
CVS CORP	COM	126650100	158	2,771	SH		SOLE		2,771	0	0
DARDEN RESTAURANTS	COM	237194105	641	12,705	SH		SOLE		12,705	0	0
DAWSON GEOPHYSICAL COMPANY INC	COM	239359102	1,156	31,373	SH		SOLE		31,373	0	0
DENTSPLY INTERNATIONAL, INC.	COM	249030107	358	8,745	SH		SOLE		8,745	0	0
DICKS SPORTING GOODS	COM	253393102	120	2,400	SH		SOLE		2,400	0	0
DIGITAL REALTY TRUST INC	COM	253868103	551	9,040	SH		SOLE		9,040	0	0
DISCOVERY COMMUNICATIONS	COM	25470f302	172	2,470	SH		SOLE		2,470	0	0
DISNEY WALT CO DEL	COM	254687106	205	3,245	SH		SOLE		3,245	0	0
DOLBY LABORATORIES INC- CL A	COM	25659T107	166	4,975	SH		SOLE		4,975	0	0
DOMINION RES INC VA	COM	25746U109	367	6,456	SH		SOLE		6,456	0	0
DRIL-QUIP INC	COM	262037104	4,109	45,505	SH		SOLE		45,505	0	0
DUKE ENERGY CO	COM	26441c204	677	10,026	SH		SOLE		10,026	0	0
EAGLE MATERIALS INC	COM	26969p108	2,406	36,309	SH		SOLE		36,309	0	0
EMERSON ELEC CO COM	COM	291011104	48	881	SH		SOLE		881	0	0
ENBRIDGE ENERGY MANAGEMENT	COM	29250X103	76	2,517	SH		SOLE		2,517	0	0
ENBRIDGE ENERGY PARTNERS, L.P.	COM	29250R106	622	20,412	SH		SOLE		20,412	0	0
ENERGY TRANSFER PARTNERS LP	COM	29273r109	661	13,072	SH		SOLE		13,072	0	0
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	742	11,937	SH		SOLE		11,937	0	0
ERIE INDEMNITY COMPANY CL A	COM	29530p102	2,116	26,549	SH		SOLE		26,549	0	0
ESPEY MANUFACTURE & ELECTRONIC	COM	296650104	1,190	46,303	SH		SOLE		46,303	0	0
EXPEDITORS INT'L WASH, INC.	COM	302130109	55	1,450	SH		SOLE		1,450	0	0
FASTENAL CO	COM	311900104	263	5,750	SH		SOLE		5,750	0	0
FIDELITY LOW PRICED STOCK	COM	316345305	40	887	SH		SOLE		887	0	0
FIDELITY NATIONAL INFO SRV	COM	31620m106	13	314	SH		SOLE		314	0	0
FIDUCIARY/CLAYMORE MLP OPPOR	COM	31647Q106	120	4,390	SH		SOLE		4,390	0	0
FIRST OF LONG ISLAND CORPORATI	COM	320734106	1,798	54,158	SH		SOLE		54,158	0	0
FISERV, INC.	COM	337738108	311	3,555	SH		SOLE		3,555	0	0
FLIR SYSTEMS INC.	COM	302445101	71	2,635	SH		SOLE		2,635	0	0
FLOWER FOODS INC	COM	343498101	4,762	215,950	SH		SOLE		215,950	0	0
GALLAGHER (ARTHUR J.) & CO.	COM	363576109	712	16,286	SH		SOLE		16,286	0	0
GLOBAL PAYMENTS	COM	37940X102	114	2,460	SH		SOLE		2,460	0	0
GORMAN-RUPP COMPANY INC	COM	383082104	10,291	323,225	SH		SOLE		323,225	0	0
GRAHAM CORPORATION	COM	384556106	2,886	96,105	SH		SOLE		96,105	0	0
GRANITE CONSTRUCTION INC	COM	387328107	9,107	306,013	SH		SOLE		306,013	0	0
GULF ISLAND FABRICATION INC	COM	402307102	4,224	220,561	SH		SOLE		220,561	0	0
GULFMARK OFFSHORE INC	COM	402629208	4,695	104,115	SH		SOLE		104,115	0	0
HARDINGE INC	COM	412324303	3,810	257,796	SH		SOLE		257,796	0	0
HARRIS CORP DEL	COM	413875105	74	1,500	SH		SOLE		1,500	0	0
HARRIS TEETER SUPERMARKETS INC	COM	414585109	4,725	100,823	SH		SOLE		100,823	0	0
HASBRO INC COM	COM	418056107	535	11,940	SH		SOLE		11,940	0	0
HAWKINS INC	COM	420261109	1,988	50,479	SH		SOLE		50,479	0	0
HELMERICH & PAYNE INC	COM	423452101	89	1,420	SH		SOLE		1,420	0	0
HEXCEL CORPORATION	COM	428291108	187	5,500	SH		SOLE		5,500	0	0
ICU MEDICAL INC	COM	44930G107	3,050	42,327	SH		SOLE		42,327	0	0
INTEL CORP	COM	458140100	608	25,081	SH		SOLE		25,081	0	0
INTL BUSINESS MACHINES	COM	459200101	80	420	SH		SOLE		420	0	0
INTUIT, INC.	COM	461202103	284	4,660	SH		SOLE		4,660	0	0
ISHR DJ SELECT DIVIDEND	COM	464287168	37	575	SH		SOLE		575	0	0
J & J SNACK FOODS CORPORATION	COM	466032109	11,014	141,564	SH		SOLE		141,564	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	221	4,010	SH		SOLE		4,010	0	0
JOHNSON & JOHNSON	COM	478160104	866	10,088	SH		SOLE		10,088	0	0
JOHNSON OUTDOORS INC	COM	479167108	4,137	166,130	SH		SOLE		166,130	0	0
JOS A BANK CLOTHIERS INC	COM	480838101	9,786	236,825	SH		SOLE		236,825	0	0
KAYNE ANDERSON MLP INVESTMENT	COM	486606106	140	3,598	SH		SOLE		3,598	0	0
KIMBERLY CLARK CORP	COM	494368103	1,006	10,358	SH		SOLE		10,358	0	0
KINDER MORGAN ENERGY PRTNRS	COM	494550106	752	8,811	SH		SOLE		8,811	0	0
KINDER MORGAN MANAGEMENT	COM	49455U100	124	1,483	SH		SOLE		1,483	0	0
KIRBY CORPORATION	COM	497266106	1,912	24,034	SH		SOLE		24,034	0	0
KMG CHEMICALS INC	COM	482564101	2,598	123,123	SH		SOLE		123,123	0	0
KOSS CORPORATION	COM	500692108	656	131,716	SH		SOLE		131,716	0	0
L.B. FOSTER COMPANY INC	COM	350060109	6,895	159,724	SH		SOLE		159,724	0	0
L.S. STARRETT COMPANY CL A	COM	855668109	533	52,176	SH		SOLE		52,176	0	0
LAKELAND INDUSTRIES INC	COM	511795106	1,343	284,619	SH		SOLE		284,619	0	0
LEGGETT & PLATT, INC	COM	524660107	488	15,687	SH		SOLE		15,687	0	0
LILLY ELI & CO	COM	532457108	652	13,282	SH		SOLE		13,282	0	0
LINCOLN ELECTRIC HOLDINGS INC	COM	533900106	1,328	23,194	SH		SOLE		23,194	0	0
LOCKHEED MARTIN CORP COM	COM	539830109	603	5,560	SH		SOLE		5,560	0	0
LORILLARD INC	COM	544147101	689	15,770	SH		SOLE		15,770	0	0
LSI INDUSTRIES INC	COM	50216c108	803	99,294	SH		SOLE		99,294	0	0
MAGELLAN MIDSTREAM PARTNERS	COM	559080106	795	14,587	SH		SOLE		14,587	0	0
MARCUS CORPORATION	COM	566330106	2,976	233,993	SH		SOLE		233,993	0	0
MARTEN TRANSPORT LTD	COM	573075108	1,187	75,750	SH		SOLE		75,750	0	0
MCDONALDS CORP	COM	580135101	124	1,255	SH		SOLE		1,255	0	0
MEAD JOHNSON NUTRITION COMPANY	COM	582839106	235	2,960	SH		SOLE		2,960	0	0
MEDNAX	COM	58502b106	309	3,375	SH		SOLE		3,375	0	0
MERCK & CO INC	COM	58933Y105	728	15,682	SH		SOLE		15,682	0	0
MERIT MEDICAL SYSTEMS INC	COM	589889104	2,033	182,345	SH		SOLE		182,345	0	0
MFRI INC	COM	552721102	2,341	205,921	SH		SOLE		205,921	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	565	15,156	SH		SOLE		15,156	0	0
MICROSOFT CORP	COM	594918104	155	4,486	SH		SOLE		4,486	0	0
MINE SAFETY APPLIANCES COMPANY	COM	602720104	3,646	78,319	SH		SOLE		78,319	0	0
MKS INSTRUMENTS INC	COM	55306n104	2,006	75,579	SH		SOLE		75,579	0	0
MONARCH CASINO & RESORT INC	COM	609027107	2,769	164,252	SH		SOLE		164,252	0	0
MORNINGSTAR INC	COM	617700109	92	1,180	SH		SOLE		1,180	0	0
NATIONAL PRESTO INDUSTRIES INC	COM	637215104	4,284	59,481	SH		SOLE		59,481	0	0
NCR CORPORATION	COM	62886e108	201	6,090	SH		SOLE		6,090	0	0
NEW WASTE MANAGEMENT INC.	COM	94106L109	31	756	SH		SOLE		756	0	0
OIL-DRI CORPORATION OF AMERICA	COM	677864100	1,523	55,453	SH		SOLE		55,453	0	0
OLD DOMINION FREIGHT LINE	COM	679580100	2,947	70,803	SH		SOLE		70,803	0	0
PALO ALTO NETWORKS INC	COM	697435105	47	1,120	SH		SOLE		1,120	0	0
PAYCHEX INC.	COM	704326107	685	18,752	SH		SOLE		18,752	0	0
PEPSICO INC	COM	713448108	57	701	SH		SOLE		701	0	0
PETSMART INC.	COM	716768106	273	4,080	SH		SOLE		4,080	0	0
PLAINS ALL AMER PIPELINE LP	COM	726503105	861	15,421	SH		SOLE		15,421	0	0
POWELL INDUSTRIES INC	COM	739128106	2,812	54,450	SH		SOLE		54,450	0	0
QLIK TECHNOLOGIES INC	COM	74733t105	40	1,405	SH		SOLE		1,405	0	0
QUEST DIAGNOSTICS	COM	74834l100	242	3,995	SH		SOLE		3,995	0	0
REPUBLIC SERVICES INC	COM	760759100	153	4,520	SH		SOLE		4,520	0	0
RESMED, INC.	COM	761152107	333	7,375	SH		SOLE		7,375	0	0
REYNOLDS AMERICAN INC	COM	761713106	829	17,147	SH		SOLE		17,147	0	0
RPC INC	COM	749660106	1,595	115,520	SH		SOLE		115,520	0	0
RPM INTERNATIONAL, INC.	COM	749685103	201	6,285	SH		SOLE		6,285	0	0
S&P 400 MID-CAP DEP RECPT	COM	78467Y107	248	1,181	SH		SOLE		1,181	0	0
S&P500 DEPOSITARY RECEIPT	COM	78462F103	32	202	SH		SOLE		202	0	0
SANDERSON FARMS INC	COM	800013104	2,751	41,412	SH		SOLE		41,412	0	0
SIFCO INDUSTRIES INC	COM	826546103	2,063	127,506	SH		SOLE		127,506	0	0
SIGMA ALDRICH CORP COM	COM	826552101	56	700	SH		SOLE		700	0	0
SNAP ON INC COM	COM	833034101	89	995	SH		SOLE		995	0	0
SOUTHERN CO	COM	842587107	568	12,861	SH		SOLE		12,861	0	0
SPAN-AMERICAN MEDICAL SYSTEMS	COM	846396109	3,217	157,647	SH		SOLE		157,647	0	0
STEPAN COMPANY INC	COM	858586100	1,482	26,655	SH		SOLE		26,655	0	0
STERICYCLE, INC.	COM	858912108	463	4,191	SH		SOLE		4,191	0	0
STIFEL FINANCIAL CORP	COM	860630102	231	6,481	SH		SOLE		6,481	0	0
STURM RUGER & COMPANY INC	COM	864159108	11,957	248,892	SH		SOLE		248,892	0	0
SUN HYDRAULICS CORPORATION	COM	866942105	3,638	116,291	SH		SOLE		116,291	0	0
SYNALLOY CORPORATION	COM	871565107	2,807	180,723	SH		SOLE		180,723	0	0
SYNCHRONOSS TECHNOLOGIES INC.,	COM	87157B103	77	2,505	SH		SOLE		2,505	0	0
SYSCO CORP	COM	871829107	629	18,401	SH		SOLE		18,401	0	0
T ROWE PRICE GROUP, INC.	COM	74144t108	156	2,135	SH		SOLE		2,135	0	0
TEEKAY LNG PARTNERS LP	COM	Y8564M105	22	500	SH		SOLE		500	0	0
TELEFLEX INC COM	COM	879369106	79	1,025	SH		SOLE		1,025	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	564	6,660	SH		SOLE		6,660	0	0
THOR INDUSTRIES INC	COM	885160101	1,631	33,168	SH		SOLE		33,168	0	0
TOOTSIE ROLL INDUSTRIES INC	COM	890516107	647	20,371	SH		SOLE		20,371	0	0
TORTOISE ENERGY INFRASTRUCTURE	COM	89147L100	119	2,560	SH		SOLE		2,560	0	0
TRINITY INDUSTRIES	COM	896522109	250	6,500	SH		SOLE		6,500	0	0
TWIN DISC INC	COM	901476101	971	40,981	SH		SOLE		40,981	0	0
UNIT CORPORATION	COM	909218109	7,332	172,193	SH		SOLE		172,193	0	0
UTAH MEDICAL PRODUCTS INC	COM	917488108	10,299	189,663	SH		SOLE		189,663	0	0
VALUE LINE INC	COM	920437100	175	20,631	SH		SOLE		20,631	0	0
VANGUARD INDEX 500 FUND	COM	922908108	4	26	SH		SOLE		26	0	0
VARIAN MEDICAL EQUIPMENT	COM	92220p105	198	2,930	SH		SOLE		2,930	0	0
VERIZON COMMUNICATIONS	COM	92343V104	711	14,127	SH		SOLE		14,127	0	0
WAL MART STORES INC	COM	931142103	140	1,875	SH		SOLE		1,875	0	0
WALGREEN CO	COM	931422109	9	200	SH		SOLE		200	0	0
WEIS MARKETS INC	COM	948849104	3,126	69,350	SH		SOLE		69,350	0	0
ZEP INC	COM	98944b108	708	44,714	SH		SOLE		44,714	0	0