RBF Capital 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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
A. H. BELO CORPORATION CMN SERIES A	Common Stock	001282102	213	20,485	SH		SOLE		20,485	0	0
ABBOTT LABORATORIES CMN	Common Stock	002824100	675	15,000	SH		SOLE		15,000	0	0
ACI WORLDWIDE INC CMN	Common Stock	004498101	242	12,000	SH		SOLE		12,000	0	0
ACTIONS SEMICONDUCTOR CO., LTD*. ADR CMN	ADR	00507E107	491	253,013	SH		SOLE		253,013	0	0
AEP INDUSTRIES INC CMN	Common Stock	001031103	2,152	37,000	SH		SOLE		37,000	0	0
AETNA INC CMN	Common Stock	00817Y108	444	5,000	SH		SOLE		5,000	0	0
AGILYSYS INC CMN	Common Stock	00847J105	283	22,505	SH		SOLE		22,505	0	0
ALLIANCEBERNSTEIN HOLDING LP CMN	MLP	01881G106	775	30,000	SH		SOLE		30,000	0	0
AMERCO CMN	Common Stock	023586100	796	2,800	SH		SOLE		2,800	0	0
AMERICAN EXPRESS CO. CMN	Common Stock	025816109	1,396	15,000	SH		SOLE		15,000	0	0
AMERICAN INTL GROUP, INC. CMN	Common Stock	026874784	3,417	61,000	SH		SOLE		61,000	0	0
AMERICAN TOWER CORPORATION CMN	REIT	03027X100	1,977	20,000	SH		SOLE		20,000	0	0
AMKOR TECHNOLOGIES INC CMN	Common Stock	031652100	83	11,699	SH		SOLE		11,699	0	0
AON PLC CMN	Common Stock	G0408V102	284	3,000	SH		SOLE		3,000	0	0
APOGEE ENTERPRISES INC CMN	Common Stock	037598109	212	5,000	SH		SOLE		5,000	0	0
APOLLO EDUCATION GROUP, INC CMN CLASS A	Common Stock	037604105	515	15,100	SH		SOLE		15,100	0	0
APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A	MLP	037612306	236	10,000	SH		SOLE		10,000	0	0
ARLINGTON ASSET INVESTMENT COR*P CMN CLASS A	Common Stock	041356205	213	8,001	SH		SOLE		8,001	0	0
ARROW ELECTRONICS INC. CMN	Common Stock	042735100	579	10,000	SH		SOLE		10,000	0	0
ASPEN INSURANCE HOLDINGS LTD CMN	Common Stock	G05384105	1,751	40,000	SH		SOLE		40,000	0	0
ASTA FUNDING INC CMN	Common Stock	046220109	1,750	200,000	SH		SOLE		200,000	0	0
AUTODESK INC CMN	Common Stock	052769106	601	10,000	SH		SOLE		10,000	0	0
AVID TECHNOLOGY, INC. CMN	Common Stock	05367P100	553	38,906	SH		SOLE		38,906	0	0
AVNET INC. CMN	Common Stock	053807103	645	15,000	SH		SOLE		15,000	0	0
AXIS CAPITAL HOLDINGS, LTD. CMN	Common Stock	G0692U109	255	5,000	SH		SOLE		5,000	0	0
BAKER HUGHES INC CMN	Common Stock	057224107	561	10,000	SH		SOLE		10,000	0	0
BALTIC TRADING LTD CMN	Common Stock	Y0553W103	152	60,411	SH		SOLE		60,411	0	0
BANK OF AMERICA CORP CMN	Common Stock	060505104	13,596	760,000	SH		SOLE		760,000	0	0
BANK OF MARIN BANCORP CMN	Common Stock	063425102	265	5,046	SH		SOLE		5,046	0	0
BEASLEY BROADCAST GROUP INC CMN CLASS A	Common Stock	074014101	166	32,469	SH		SOLE		32,469	0	0
BEL FUSE INC CL-B CMN CLASS B	Common Stock	077347300	273	10,000	SH		SOLE		10,000	0	0
BENCHMARK ELECTRONICS INC CMN	Common Stock	08160H101	254	10,000	SH		SOLE		10,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	Common Stock	084670108	48,590	215	SH		SOLE		215	0	0
BLYTH, INC. CMN	Common Stock	09643P207	2,148	234,700	SH		SOLE		234,700	0	0
BROADWIND ENERGY INC. CMN	Common Stock	11161T207	743	137,894	SH		SOLE		137,894	0	0
BRUNSWICK CORP. CMN	Common Stock	117043109	256	5,000	SH		SOLE		5,000	0	0
C D I CORP CMN	Common Stock	125071100	624	35,229	SH		SOLE		35,229	0	0
CAMBREX CORPORATION CMN	Common Stock	132011107	216	10,000	SH		SOLE		10,000	0	0
CAMPBELL SOUP CO CMN	Common Stock	134429109	440	10,000	SH		SOLE		10,000	0	0
CAPITAL ONE FINANCIAL CORP CMN	Common Stock	14040H105	1,651	20,000	SH		SOLE		20,000	0	0
CAREER EDUCATION CORP CMN	Common Stock	141665109	670	96,317	SH		SOLE		96,317	0	0
CARRIAGE SERVICES, INC. CMN	Common Stock	143905107	3,783	180,557	SH		SOLE		180,557	0	0
CARROLS RESTAURANT GROUP INC CMN	Common Stock	14574X104	1,656	217,000	SH		SOLE		217,000	0	0
CECO ENVIRONMENTAL CORP CMN	Common Stock	125141101	735	47,293	SH		SOLE		47,293	0	0
CENTRAL GARDEN & PET CO CMN	Common Stock	153527106	693	78,967	SH		SOLE		78,967	0	0
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES	Common Stock	153527205	313	32,764	SH		SOLE		32,764	0	0
CENTURY BANCORP INC CL-A NON VTG CLASS A	Common Stock	156432106	200	5,000	SH		SOLE		5,000	0	0
CENTURY CASINOS INC CMN	Common Stock	156492100	505	100,000	SH		SOLE		100,000	0	0
CF INDUSTRIES HOLDINGS, INC. CMN	Common Stock	125269100	545	2,000	SH		SOLE		2,000	0	0
CITIGROUP, INC.	Common Stock	172967424	90	1,838	SH	Put	SOLE		1,838	0	0
CNINSURE INC. SPONSORED ADR CMN	ADR	18976M103	690	104,102	SH		SOLE		104,102	0	0
CNO FINANCIAL GROUP INC CMN	Common Stock	12621E103	4,563	265,000	SH		SOLE		265,000	0	0
COCA-COLA COMPANY (THE) CMN	Common Stock	191216100	1,604	38,000	SH		SOLE		38,000	0	0
COGENT COMMUNICATIONS HLDGS CMN	Common Stock	19239V302	708	20,000	SH		SOLE		20,000	0	0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A	Common Stock	192446102	2,159	41,000	SH		SOLE		41,000	0	0
COMMUNITY HEALTH SYS INC CMN	Common Stock	203668108	755	14,000	SH		SOLE		14,000	0	0
CONTINENTAL MATERIALS CORP CMN	Common Stock	211615307	402	26,190	SH		SOLE		26,190	0	0
COWEN GROUP, INC. CMN	Common Stock	223622101	628	130,734	SH		SOLE		130,734	0	0
CROCS, INC. CMN	Common Stock	227046109	344	27,550	SH		SOLE		27,550	0	0
CSG SYSTEMS INTL INC CMN	Common Stock	126349109	753	30,032	SH		SOLE		30,032	0	0
CULP INC CMN	Common Stock	230215105	217	10,000	SH		SOLE		10,000	0	0
CVS HEALTH CORP CMN	Common Stock	126650100	4,816	50,000	SH		SOLE		50,000	0	0
DANA HOLDING CORPORATION CMN	Common Stock	235825205	652	30,000	SH		SOLE		30,000	0	0
DATALINK CORP CMN	Common Stock	237934104	129	10,000	SH		SOLE		10,000	0	0
DELUXE CORP CMN	Common Stock	248019101	623	10,000	SH		SOLE		10,000	0	0
DESWELL INDUSTRIES INC CMN	Common Stock	250639101	90	50,000	SH		SOLE		50,000	0	0
DEX MEDIA, INC. FRACTIONAL CUSIP	Common Stock	25213A107	0	20,000	SH		SOLE		20,000	0	0
DGT HLDGS CORP CMN	Common Stock	23328R206	262	20,000	SH		SOLE		20,000	0	0
DHT HOLDINGS INC CMN	Common Stock	Y2065G121	664	90,835	SH		SOLE		90,835	0	0
DISCOVER FINANCIAL SERVICES CMN	Common Stock	254709108	989	15,100	SH		SOLE		15,100	0	0
DOVER DOWNS GAMING & ENTMT INC CMN	Common Stock	260095104	243	292,430	SH		SOLE		292,430	0	0
DOVER MOTORSPORTS INC CMN	Common Stock	260174107	195	74,663	SH		SOLE		74,663	0	0
DOVER SADDLERY, INC. CMN	Common Stock	260412101	186	38,335	SH		SOLE		38,335	0	0
DST SYSTEM INC COMMON STOCK	Common Stock	233326107	847	9,000	SH		SOLE		9,000	0	0
E*TRADE FINANCIAL CORPORATION CMN	Common Stock	269246401	243	10,000	SH		SOLE		10,000	0	0
EASTERN VA BANKSHARES INC CMN	Common Stock	277196101	244	37,642	SH		SOLE		37,642	0	0
EBAY INC. CMN	Common Stock	278642103	2,300	40,979	SH		SOLE		40,979	0	0
EDCI HLDGS INC CMN	Common Stock	268315207	157	174,500	SH		SOLE		174,500	0	0
ENCORE CAPITAL GROUP INC CMN	Common Stock	292554102	266	6,000	SH		SOLE		6,000	0	0
ENDURANCE SPECIALTY HLDGS LTD CMN	Common Stock	G30397106	1,496	25,000	SH		SOLE		25,000	0	0
ENGLOBAL CORPORATION CMN	Common Stock	293306106	301	158,168	SH		SOLE		158,168	0	0
ENTEGRIS, INC. CMN	Common Stock	29362U104	132	10,000	SH		SOLE		10,000	0	0
ENTERCOM COMMS. CORP CLASS A COMMON STOCK	Common Stock	293639100	122	10,000	SH		SOLE		10,000	0	0
ENTRAVISION COMMUNICATIONS CP CMN CLASS A	Common Stock	29382R107	3,246	500,977	SH		SOLE		500,977	0	0
EQUIFAX INC CMN	Common Stock	294429105	809	10,000	SH		SOLE		10,000	0	0
EVEREST RE GROUP LTD CMN	Common Stock	G3223R108	852	5,000	SH		SOLE		5,000	0	0
FACEBOOK, INC. CMN CLASS A	Common Stock	30303M102	7,701	98,700	SH		SOLE		98,700	0	0
FAIR ISAAC INC CMN	Common Stock	303250104	1,446	20,000	SH		SOLE		20,000	0	0
FANNIE MAE COMMON STOCK CMN	Common Stock	313586109	82	40,000	SH		SOLE		40,000	0	0
FEDERATED NATL HLDG CO CMN	Common Stock	31422T101	604	25,000	SH		SOLE		25,000	0	0
FIESTA RESTAURANT GROUP, INC. CMN	Common Stock	31660B101	9,120	150,000	SH		SOLE		150,000	0	0
FINANCIAL SELECT SECTOR SPDR ETF	ETP	81369Y605	0	200	SH	Put	SOLE		200	0	0
FIRST CMNTY CORP S C CMN	Common Stock	319835104	792	70,000	SH		SOLE		70,000	0	0
FIRST OF LONG ISLAND CORP CMN	Common Stock	320734106	298	10,500	SH		SOLE		10,500	0	0
FIRSTMERIT CORP CMN	Common Stock	337915102	2,164	114,533	SH		SOLE		114,533	0	0
FIVE STAR QUALITY CARE INC CMN	Common Stock	33832D106	686	165,300	SH		SOLE		165,300	0	0
FLAGSTAR BANCORP, INC. CMN	Common Stock	337930705	236	15,000	SH		SOLE		15,000	0	0
FLEXSTEEL INDUSTRIES INC CMN	Common Stock	339382103	1,774	55,000	SH		SOLE		55,000	0	0
FLIR SYSTEMS INC CMN	Common Stock	302445101	646	20,000	SH		SOLE		20,000	0	0
FLUSHING FINANCIAL CORPORATION CMN	Common Stock	343873105	223	10,983	SH		SOLE		10,983	0	0
FOSTER WHEELER AG CMN	Common Stock	H27178104	330	12,000	SH		SOLE		12,000	0	0
FREDDIE MAC CMN	Common Stock	313400301	206	100,000	SH		SOLE		100,000	0	0
FTD COMPANIES, INC. CMN	Common Stock	30281V108	1,393	40,000	SH		SOLE		40,000	0	0
GANNETT CO.INC. CMN	Common Stock	364730101	1,597	50,000	SH		SOLE		50,000	0	0
GENCOR INDUSTRIES INC CMN	Common Stock	368678108	571	60,758	SH		SOLE		60,758	0	0
GENERAL CABLE CORP CMN	Common Stock	369300108	390	26,200	SH		SOLE		26,200	0	0
GENERAL MOTORS COMPANY CMN	Common Stock	37045V100	209	6,000	SH		SOLE		6,000	0	0
GENERAL MOTORS COMPANY CMN	Common Stock	37045V100	27	1,020	SH	Put	SOLE		1,020	0	0
GIBRALTAR INDUSTRIES INC CMN	Common Stock	374689107	2,276	140,000	SH		SOLE		140,000	0	0
GOLDMAN SACHS GROUP, INC.(THE) CMN	Common Stock	38141G104	4,555	23,500	SH		SOLE		23,500	0	0
GOOGLE INC. CMN CLASS A	Common Stock	38259P508	1,327	2,500	SH		SOLE		2,500	0	0
GOOGLE INC. CMN CLASS C	Common Stock	38259P706	1,842	3,500	SH		SOLE		3,500	0	0
GORDMANS STORES, INC. CMN	Common Stock	38269P100	90	33,068	SH		SOLE		33,068	0	0
GRAND CANYON EDUCATION, INC. CMN	Common Stock	38526M106	233	5,000	SH		SOLE		5,000	0	0
GRAPHIC PACKAGING HLDGCO CMN	Common Stock	388689101	372	27,286	SH		SOLE		27,286	0	0
H & R BLOCK INC. CMN	Common Stock	093671105	674	20,000	SH		SOLE		20,000	0	0
H&E EQUIPMENT SERVICES INC CMN	Common Stock	404030108	562	20,000	SH		SOLE		20,000	0	0
HANMI FINANCIAL CORPORATION CMN	Common Stock	410495204	1,636	75,000	SH		SOLE		75,000	0	0
HARBINGER GROUP INC CMN	Common Stock	41146A106	2,941	207,700	SH		SOLE		207,700	0	0
HARDINGE INC. COMMON STOCK	Common Stock	412324303	834	70,000	SH		SOLE		70,000	0	0
HARVARD BIOSCIENCE INC CMN	Common Stock	416906105	113	20,000	SH		SOLE		20,000	0	0
HAWTHORN BANCSHARES INC CMN	Common Stock	420476103	397	27,873	SH		SOLE		27,873	0	0
HCA HOLDINGS, INC. CMN	Common Stock	40412C101	5,504	75,000	SH		SOLE		75,000	0	0
HEALTH NET, INC. CMN	Common Stock	42222G108	2,141	40,000	SH		SOLE		40,000	0	0
HERTZ GLOBAL HOLDINGS, INC. CMN	Common Stock	42805T105	374	15,000	SH		SOLE		15,000	0	0
HOLLYFRONTIER CORP CMN	Common Stock	436106108	758	20,214	SH		SOLE		20,214	0	0
HOLLYWOOD MEDIA CORP. CMN	Common Stock	436233100	240	241,949	SH		SOLE		241,949	0	0
HONDA MTR LTD (AMER SHS) ADR CMN	ADR	438128308	378	12,800	SH		SOLE		12,800	0	0
HOOPER HOLMES INC CMN	Common Stock	439104100	307	596,395	SH		SOLE		596,395	0	0
HORACE MANN EDUCATORS CORP CMN	Common Stock	440327104	332	10,000	SH		SOLE		10,000	0	0
HORMEL FOODS CORP CMN	Common Stock	440452100	521	10,000	SH		SOLE		10,000	0	0
HUBBELL INCORPORATED CLASS B CMN CLASS B	Common Stock	443510201	481	4,500	SH		SOLE		4,500	0	0
HUDSON GLOBAL, INC. CMN	Common Stock	443787106	78	25,100	SH		SOLE		25,100	0	0
HUNTINGTON BANCSHARES INCORPOR*ATED CMN	Common Stock	446150104	1,500	142,600	SH		SOLE		142,600	0	0
HUTTIG BUILDING PRODUCTS INC CMN	Common Stock	448451104	1,897	566,276	SH		SOLE		566,276	0	0
INDEPENDENCE HOLDING COMPANY (NEW)	Common Stock	453440307	209	15,000	SH		SOLE		15,000	0	0
INDEPENDENT BANK CORP MASS CMN	Common Stock	453836108	1,284	30,000	SH		SOLE		30,000	0	0
INFUSYSTEM HOLDINGS, INC. CMN	Common Stock	45685K102	3,176	1,008,255	SH		SOLE		1,008,255	0	0
INSTEEL INDUSTRIES INC CMN	Common Stock	45774W108	2,358	100,000	SH		SOLE		100,000	0	0
INTEGRATED ELECTRICAL SVC INC CMN	Common Stock	45811E301	230	30,000	SH		SOLE		30,000	0	0
INTERTAPE POLYMER GROUP INC CMN	Common Stock	460919103	1,121	69,980	SH		SOLE		69,980	0	0
INVESTORS TITLE CO CMN	Common Stock	461804106	292	4,000	SH		SOLE		4,000	0	0
ISHARES CORE S&P 500 ETF CMN	ETP	464287200	8,875	42,900	SH		SOLE		42,900	0	0
JARDEN CORPORATION CMN	Common Stock	471109108	215	4,500	SH		SOLE		4,500	0	0
JONES LANG LASALLE INC CMN	Common Stock	48020Q107	1,124	7,500	SH		SOLE		7,500	0	0
JOURNAL COMMUNICATIONS INC CMN CLASS A	Common Stock	481130102	229	20,000	SH		SOLE		20,000	0	0
JPMORGAN CHASE & CO CMN	Common Stock	46625H100	3,192	51,000	SH		SOLE		51,000	0	0
JPMORGAN CHASE & CO CMN	Common Stock	46625H100	5	338	SH	Put	SOLE		338	0	0
JPS INDUSTRIES, INC. CMN	Common Stock	46624E405	1,930	202,103	SH		SOLE		202,103	0	0
KELLY SERVICES INC(CL-A) CMN CLASS A	Common Stock	488152208	1,128	66,280	SH		SOLE		66,280	0	0
KRAFT FOODS GROUP, INC. CMN	Common Stock	50076Q106	1,253	20,000	SH		SOLE		20,000	0	0
KROGER COMPANY CMN	Common Stock	501044101	963	15,000	SH		SOLE		15,000	0	0
LANNETT COMPANY, INC. CMN	Common Stock	516012101	1,715	40,000	SH		SOLE		40,000	0	0
LEAR CORPORATION CMN	Common Stock	521865204	1,132	11,537	SH		SOLE		11,537	0	0
LEE ENTERPRISES INC CMN	Common Stock	523768109	37	10,000	SH		SOLE		10,000	0	0
LIBBEY INC. CMN	Common Stock	529898108	314	10,000	SH		SOLE		10,000	0	0
LINCOLN EDL SERVICES CORP CMN	Common Stock	533535100	138	49,145	SH		SOLE		49,145	0	0
LKQ CORPORATION CMN	Common Stock	501889208	2,812	100,000	SH		SOLE		100,000	0	0
LSI INDUSTRIES INC CMN	Common Stock	50216C108	300	44,231	SH		SOLE		44,231	0	0
LUCAS ENERGY, INC. CMN	Common Stock	549333201	84	682,280	SH		SOLE		682,280	0	0
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A	Common Stock	N53745100	1,588	20,000	SH		SOLE		20,000	0	0
MANPOWER GROUP CMN	Common Stock	56418H100	205	3,000	SH		SOLE		3,000	0	0
MARSH & MCLENNAN CO INC CMN	Common Stock	571748102	859	15,000	SH		SOLE		15,000	0	0
MASTERCARD INCORPORATED CMN CLASS A	Common Stock	57636Q104	5,600	65,000	SH		SOLE		65,000	0	0
MATTEL, INC.	Common Stock	577081102	51	100	SH	Put	SOLE		100	0	0
MCGRAW-HILL COMPANIES INC CMN	Common Stock	580645109	4,449	50,000	SH		SOLE		50,000	0	0
MCKESSON CORPORATION CMN	Common Stock	58155Q103	311	1,500	SH		SOLE		1,500	0	0
MEDNAX INC CMN	Common Stock	58502B106	476	7,200	SH		SOLE		7,200	0	0
MENS WEARHOUSE INC (THE) CMN	Common Stock	587118100	3,974	90,000	SH		SOLE		90,000	0	0
MERCK & CO., INC. CMN	Common Stock	58933Y105	568	10,000	SH		SOLE		10,000	0	0
MFRI INC CMN	Common Stock	552721102	152	21,680	SH		SOLE		21,680	0	0
MICROFINANCIAL INCORPORATED CMN	Common Stock	595072109	1,021	100,000	SH		SOLE		100,000	0	0
MICROSOFT CORPORATION CMN	Common Stock	594918104	291	6,260	SH		SOLE		6,260	0	0
MICROSTRATEGY INCORPORATED CMN CLASS A	Common Stock	594972408	406	2,500	SH		SOLE		2,500	0	0
MONDELEZ INTERNATIONAL, INC. CMN	Common Stock	609207105	2,180	60,000	SH		SOLE		60,000	0	0
MORGAN STANLEY CMN	Common Stock	617446448	24,250	625,000	SH		SOLE		625,000	0	0
MORGAN STANLEY CMN	Common Stock	617446448	1	216	SH	Put	SOLE		216	0	0
MOVADO GROUP INC CMN	Common Stock	624580106	284	10,000	SH		SOLE		10,000	0	0
MSCI INC. CMN	Common Stock	55354G100	949	20,000	SH		SOLE		20,000	0	0
MUELLER WATER PRODUCTS, INC. CMN SERIES A	Common Stock	624758108	1,391	135,855	SH		SOLE		135,855	0	0
NASDAQ OMX GROUP, INC. CMN	Common Stock	631103108	480	10,000	SH		SOLE		10,000	0	0
NATHANS FAMOUS INC CMN	Common Stock	632347100	560	7,000	SH		SOLE		7,000	0	0
NATL WESTN LIFE INS CO CL-A CMN CLASS A	Common Stock	638522102	404	1,500	SH		SOLE		1,500	0	0
NCI BUILDING SYSTEMS, INC. CMN	Common Stock	628852204	556	30,000	SH		SOLE		30,000	0	0
NEW HAMPSHIRE THRIFT BANCSHARES INC	Common Stock	644722100	2,870	183,765	SH		SOLE		183,765	0	0
NN INC CMN	Common Stock	629337106	206	10,000	SH		SOLE		10,000	0	0
NORANDA ALUMINUM HOLDING CORP CMN	Common Stock	65542W107	762	216,354	SH		SOLE		216,354	0	0
NORTHERN TRUST CORP CMN	Common Stock	665859104	465	6,900	SH		SOLE		6,900	0	0
OAKTREE CAPITAL GROUP, LLC CMN	MLP	674001201	518	10,000	SH		SOLE		10,000	0	0
OMNICOM GROUP CMN	Common Stock	681919106	775	10,000	SH		SOLE		10,000	0	0
ON SEMICONDUCTOR CORP CMN	Common Stock	682189105	123	12,105	SH		SOLE		12,105	0	0
OPTICAL CABLE CORP CMN	Common Stock	683827208	147	32,496	SH		SOLE		32,496	0	0
PAPA JOHN'S INTERNATIONAL INC. CMN	Common Stock	698813102	223	4,000	SH		SOLE		4,000	0	0
PAR TECHNOLOGY CORP CMN	Common Stock	698884103	234	38,085	SH		SOLE		38,085	0	0
PARKWAY PROPERTIES INC MD CMN	REIT	70159Q104	1,054	57,330	SH		SOLE		57,330	0	0
PARTNERRE LTD BERMUDA CMN	Common Stock	G6852T105	3,789	33,200	SH		SOLE		33,200	0	0
PATTERSON-UTI ENERGY, INC. ORD CMN	Common Stock	703481101	664	40,000	SH		SOLE		40,000	0	0
PENTAIR PLC. CMN	Common Stock	H6169Q108	399	6,000	SH		SOLE		6,000	0	0
PEP BOYS MANNY-MOE &JACK CMN	Common Stock	713278109	122	12,445	SH		SOLE		12,445	0	0
PEPSICO INC CMN	Common Stock	713448108	20,274	214,400	SH		SOLE		214,400	0	0
PERCEPTRON INC CMN	Common Stock	71361F100	757	76,103	SH		SOLE		76,103	0	0
PERFECT WORLD CO., LTD. SPONSORED ADR CMN	ADR	71372U104	865	54,900	SH		SOLE		54,900	0	0
PFIZER INC. CMN	Common Stock	717081103	467	15,000	SH		SOLE		15,000	0	0
PGT INC CMN	Common Stock	69336V101	626	65,000	SH		SOLE		65,000	0	0
PHH CORPORATION CMN	Common Stock	693320202	3,594	150,000	SH		SOLE		150,000	0	0
PHILIP MORRIS INTL INC CMN	Common Stock	718172109	489	6,000	SH		SOLE		6,000	0	0
PHILLIPS 66 CMN	Common Stock	718546104	4,302	60,000	SH		SOLE		60,000	0	0
PHOENIX COMPANIES INC. (THE) CMN	Common Stock	71902E604	7,655	111,157	SH		SOLE		111,157	0	0
PLATINUM UNDERWRITERS HLDGS CMN	Common Stock	G7127P100	9,963	135,700	SH		SOLE		135,700	0	0
PNC FINANCIAL SERVICES GROUP CMN	Common Stock	693475105	1,368	15,000	SH		SOLE		15,000	0	0
PPG INDUSTRIES, INC. CMN	Common Stock	693506107	2,543	11,000	SH		SOLE		11,000	0	0
PRICESMART INC CMN	Common Stock	741511109	228	2,500	SH		SOLE		2,500	0	0
PRIMEENERGY CORP CMN	Common Stock	74158E104	408	5,615	SH		SOLE		5,615	0	0
PSYCHEMEDICS CORPORATION CMN	Common Stock	744375205	1,189	78,495	SH		SOLE		78,495	0	0
PULTEGROUP INC. CMN	Common Stock	745867101	1,073	50,000	SH		SOLE		50,000	0	0
QC HOLDINGS, INC. CMN	Common Stock	74729T101	30	18,015	SH		SOLE		18,015	0	0
R R DONNELLEY & SONS CO CMN	Common Stock	257867101	168	10,000	SH		SOLE		10,000	0	0
RAIT FINANCIAL TRUST CMN	REIT	749227609	230	30,000	SH		SOLE		30,000	0	0
RCM TECHNOLOGIES INC CMN	Common Stock	749360400	140	20,000	SH		SOLE		20,000	0	0
REALOGY HLDGS CORP CMN	Common Stock	75605Y106	3,323	74,700	SH		SOLE		74,700	0	0
RENT-A-CENTER INC CMN	Common Stock	76009N100	363	10,000	SH		SOLE		10,000	0	0
RESOURCE AMERICA INC CL-A CMN CLASS A	Common Stock	761195205	554	61,273	SH		SOLE		61,273	0	0
ROCKWELL AUTOMATION INC CMN	Common Stock	773903109	334	3,000	SH		SOLE		3,000	0	0
RPM INTERNATIONAL INC CMN	Common Stock	749685103	1,526	30,100	SH		SOLE		30,100	0	0
SALEM COMMUNICATIONS CL-A CMN CLASS A	Common Stock	794093104	157	20,045	SH		SOLE		20,045	0	0
SALIX PHARMACEUTICALS, LTD	Common Stock	795435106	157	20,045	SH	Put	SOLE		20,045	0	0
SANMINA-SCI CORPORATION CMN	Common Stock	801056102	235	10,000	SH		SOLE		10,000	0	0
SCHOOL SPECIALTY, INC. CMN	Common Stock	807864103	2,489	22,221	SH		SOLE		22,221	0	0
SEAGATE TECHNOLOGY PLC CMN	Common Stock	G7945M107	333	5,000	SH		SOLE		5,000	0	0
SED INTERNATIONAL HLDGS INC CMN	Common Stock	784109209	2	10,000	SH		SOLE		10,000	0	0
SERVICE CORP INTERNATL CMN	Common Stock	817565104	454	20,000	SH		SOLE		20,000	0	0
SIGA TECHNOLOGIES, INC. CMN	Common Stock	826917106	132	91,377	SH		SOLE		91,377	0	0
SINCLAIR BROADCAST GROUP INC CMN CLASS A	Common Stock	829226109	274	10,000	SH		SOLE		10,000	0	0
SL INDS INC CMN	Common Stock	784413106	3,249	83,316	SH		SOLE		83,316	0	0
SPAR GROUP INC CMN	Common Stock	784933103	1,270	907,290	SH		SOLE		907,290	0	0
SPARTAN MOTORS INC. CMN	Common Stock	846819100	55	10,514	SH		SOLE		10,514	0	0
SPDR GOLD TRUST ETF	ETP	78463V107	6,014	52,953	SH		SOLE		52,953	0	0
SPDR S&P 500 ETF TRUST	ETP	78462F103	32,886	160,000	SH		SOLE		160,000	0	0
SPOK HOLDINGS INCORPORATED CMN	Common Stock	84863T106	347	20,000	SH		SOLE		20,000	0	0
SPORTSMANS WHSE HLDGS INC CMN	Common Stock	84920Y106	105	14,289	SH		SOLE		14,289	0	0
STANLEY FURNITURE INC (NEW) CMN	Common Stock	854305208	27	10,000	SH		SOLE		10,000	0	0
STARTEK, INC. CMN	Common Stock	85569C107	500	51,323	SH		SOLE		51,323	0	0
STATE STREET CORPORATION (NEW) CMN	Common Stock	857477103	7,850	100,000	SH		SOLE		100,000	0	0
STEELCASE INC. CLASS A COMMON STOCK	Common Stock	858155203	269	15,000	SH		SOLE		15,000	0	0
STERLING CONSTRUCTION CO INC CMN	Common Stock	859241101	118	18,430	SH		SOLE		18,430	0	0
STEWART INFORMATION SVCS CORP CMN	Common Stock	860372101	2,963	80,000	SH		SOLE		80,000	0	0
STRATUS PPTYS INC CMN	Common Stock	863167201	1,837	133,131	SH		SOLE		133,131	0	0
SUNTRUST BANKS INC $1.00 PAR CMN	Common Stock	867914103	838	20,000	SH		SOLE		20,000	0	0
SUPREME INDUSTRIES INC CMN CLASS A	Common Stock	868607102	94	13,287	SH		SOLE		13,287	0	0
SURMODICS INC CMN	Common Stock	868873100	221	10,000	SH		SOLE		10,000	0	0
SYMETRA FINANCIAL CORPORATION CMN	Common Stock	87151Q106	829	35,952	SH		SOLE		35,952	0	0
SYNERON MEDICAL LTD. CMN	Common Stock	M87245102	99	10,658	SH		SOLE		10,658	0	0
TECUMSEH PRODUCTS COMPANY CMN	Common Stock	878895309	215	69,717	SH		SOLE		69,717	0	0
TEMPUR SEALY INTERNATIONAL INC CMN	Common Stock	88023U101	1,098	20,000	SH		SOLE		20,000	0	0
THE BANK OF NY MELLON CORP CMN	Common Stock	064058100	4,057	100,000	SH		SOLE		100,000	0	0
TOLL BROTHERS, INC. CMN	Common Stock	889478103	4,112	120,000	SH		SOLE		120,000	0	0
TOTAL SYS SVC INC. CMN	Common Stock	891906109	340	10,000	SH		SOLE		10,000	0	0
TRINITY BIOTECH PLC SPONSORED ADR CMN	ADR	896438306	263	15,000	SH		SOLE		15,000	0	0
TRIPADVISOR, INC. CMN	Common Stock	896945201	373	5,000	SH		SOLE		5,000	0	0
TUCOWS, INC. CMN CLASS A	Common Stock	898697206	246	12,683	SH		SOLE		12,683	0	0
TYCO INTERNATIONAL PLC CMN	Common Stock	H89128104	1,097	25,000	SH		SOLE		25,000	0	0
U.S. CONCRETE INC CMN	Common Stock	90333L201	1,656	58,211	SH		SOLE		58,211	0	0
U.S. PHYSICAL THERAPY, INC. CMN	Common Stock	90337L108	2,937	69,999	SH		SOLE		69,999	0	0
UNILEVER N.V. NY SHS (NEW) ADR CMN	NY Reg Shrs	904784709	1,171	30,000	SH		SOLE		30,000	0	0
UNITED BANCSHARES INC OHIO CMN	Common Stock	909458101	831	57,500	SH		SOLE		57,500	0	0
UNITED CONTINENTAL HOLDING INC CMN	Common Stock	910047109	6,020	90,000	SH		SOLE		90,000	0	0
UNITED CONTINENTAL HOLDING INC CMN	Common Stock	910047109	135	98	SH	Call	SOLE		98	0	0
UNITED ONLINE, INC. CMN	Common Stock	911268209	416	28,571	SH		SOLE		28,571	0	0
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	Common Stock	911312106	1,112	10,000	SH		SOLE		10,000	0	0
UNITED RENTALS, INC. CMN	Common Stock	911363109	510	5,000	SH		SOLE		5,000	0	0
UNITED TECHNOLOGIES CORP CMN	Common Stock	913017109	288	2,500	SH		SOLE		2,500	0	0
UNITEDHEALTH GROUP INCORPORATE*D CMN	Common Stock	91324P102	5,560	55,000	SH		SOLE		55,000	0	0
UNIVERSAL HEALTH SVC CL B CMN CLASS B	Common Stock	913903100	1,113	10,000	SH		SOLE		10,000	0	0
UNIVERSAL TECHNICAL INSTITUTE CMN	Common Stock	913915104	984	100,000	SH		SOLE		100,000	0	0
VALSPAR CORP CMN	Common Stock	920355104	865	10,000	SH		SOLE		10,000	0	0
VERINT SYSTEMS INC CMN	Common Stock	92343X100	1,166	20,000	SH		SOLE		20,000	0	0
VF CORP CMN	Common Stock	918204108	2,397	32,000	SH		SOLE		32,000	0	0
VIAD CORP CMN	Common Stock	92552R406	1,066	40,000	SH		SOLE		40,000	0	0
VIEWTRAN GROUP INC CMN	Common Stock	0G936W104	138	100,185	SH		SOLE		100,185	0	0
VISA INC. CMN CLASS A	Common Stock	92826C839	5,768	22,000	SH		SOLE		22,000	0	0
VONAGE HOLDINGS CORP. CMN	Common Stock	92886T201	75	19,675	SH		SOLE		19,675	0	0
W.R. GRACE & CO (NEW) CMN	Common Stock	38388F108	2,146	22,500	SH		SOLE		22,500	0	0
WAL MART STORES INC CMN	Common Stock	931142103	2,147	25,000	SH		SOLE		25,000	0	0
WALGREENS BOOTS ALLIANCE, INC. CMN	Common Stock	931427108	2,286	30,000	SH		SOLE		30,000	0	0
WARREN RESOURCES INC. CMN	Common Stock	93564A100	322	200,000	SH		SOLE		200,000	0	0
WAYFAIR INC. CMN	Common Stock	94419L101	600	30,247	SH		SOLE		30,247	0	0
WEBCO INDS INC CMN	Common Stock	947621207	675	10,707	SH		SOLE		10,707	0	0
WELLCARE HEALTH PLANS INC CMN	Common Stock	94946T106	410	5,000	SH		SOLE		5,000	0	0
WILLDAN GROUP INC CMN	Common Stock	96924N100	2,698	200,000	SH		SOLE		200,000	0	0
WILLIS LEASE FINANCE CORP CMN	Common Stock	970646105	876	40,000	SH		SOLE		40,000	0	0
WORLD FUEL SERVICES CORP CMN	Common Stock	981475106	469	10,000	SH		SOLE		10,000	0	0
XEROX CORPORATION CMN	Common Stock	984121103	671	48,400	SH		SOLE		48,400	0	0
YAHOO INC CMN	Common Stock	984332106	1,515	30,000	SH		SOLE		30,000	0	0
YELP INC. CMN	Common Stock	985817105	2,791	51,000	SH		SOLE		51,000	0	0
YPF SOCIEDAD ANONIMA SPONSORED ADR REPSTG CL D	ADR	984245100	265	10,000	SH		SOLE		10,000	0	0