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

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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
A. H. BELO CORPORATION CMN SERIES A	Common Stock	001282102	115	20,485	SH		SOLE		20,485	0	0
ACCURIDE CORP CMN	Common Stock	00439T206	66	17,025	SH		SOLE		17,025	0	0
ACI WORLDWIDE INC CMN	Common Stock	004498101	295	12,000	SH		SOLE		12,000	0	0
ADVISORY BRD CO CMN	Common Stock	00762W107	219	4,000	SH		SOLE		4,000	0	0
AEP INDUSTRIES INC CMN	Common Stock	001031103	2,042	37,000	SH		SOLE		37,000	0	0
AETNA INC CMN	Common Stock	00817Y108	637	5,000	SH		SOLE		5,000	0	0
AGILYSYS INC CMN	Common Stock	00847J105	207	22,505	SH		SOLE		22,505	0	0
AK STEEL HOLDING CORP CMN	Common Stock	001547108	42	10,900	SH		SOLE		10,900	0	0
ALASKA COMMUNICATIONS SYSTEMS GROUP INC.	Common Stock	01167P101	720	300,000	SH		SOLE		300,000	0	0
ALLIANCE ONE INTERNATIONAL, IN*C. CMN	MLP	018772301	4,276	178,826	SH		SOLE		178,826	0	0
ALLIANCEBERNSTEIN HOLDING LP CMN	MLP	01881G106	2,025	68,568	SH		SOLE		68,568	0	0
AMAYA INC. CMN	ADR	02314M108	274	10,000	SH		SOLE		10,000	0	0
AMEC FOSTER WHEELER PLC SPONSORED ADR	ADR	00167X205	139	10,797	SH		SOLE		10,797	0	0
AMERCO CMN	Common Stock	023586100	915	2,800	SH		SOLE		2,800	0	0
AMERICAN CAMPUS CMNTYS, INC CMN	Common Stock	024835100	377	10,000	SH		SOLE		10,000	0	0
AMERICAN EXPRESS CO. CMN	Common Stock	025816109	1,166	15,000	SH		SOLE		15,000	0	0
AMERICAN INTL GROUP, INC. CMN	Common Stock	026874784	6,800	110,000	SH		SOLE		110,000	0	0
AMERICAN TOWER CORPORATION CMN	REIT	03027X100	1,866	20,000	SH		SOLE		20,000	0	0
AMPCO PITTSBURG CORP CMN	Common Stock	032037103	1,512	100,000	SH		SOLE		100,000	0	0
AON PLC CMN	Common Stock	G0408V102	598	6,000	SH		SOLE		6,000	0	0
APOGEE ENTERPRISES INC CMN	Common Stock	037598109	263	5,000	SH		SOLE		5,000	0	0
APOLLO EDUCATION GROUP, INC CMN CLASS A	Common Stock	037604105	209	16,200	SH		SOLE		16,200	0	0
APOLLO GLOBAL MANAGEMENT, LLC CMN CLASS A	MLP	037612306	222	10,000	SH		SOLE		10,000	0	0
ARROW ELECTRONICS INC. CMN	Common Stock	042735100	558	10,000	SH		SOLE		10,000	0	0
ASPEN AEROGELS, INC. CMN	Common Stock	04523Y105	331	50,000	SH		SOLE		50,000	0	0
ASPEN INSURANCE HOLDINGS LTD CMN	Common Stock	G05384105	1,198	25,000	SH		SOLE		25,000	0	0
ASTA FUNDING INC CMN	Common Stock	046220109	2,243	267,695	SH		SOLE		267,695	0	0
ASTROSYSTEMS INC IN LIQUIDTN CMN	Common Stock	046465100	0	79,200	SH		SOLE		79,200	0	0
AUTODESK INC CMN	Common Stock	052769106	501	10,000	SH		SOLE		10,000	0	0
AVNET INC. CMN	Common Stock	053807103	617	15,000	SH		SOLE		15,000	0	0
AXIS CAPITAL HOLDINGS, LTD. CMN	Common Stock	G0692U109	267	5,000	SH		SOLE		5,000	0	0
BAKER HUGHES INC CMN	Common Stock	057224107	617	10,000	SH		SOLE		10,000	0	0
BANK OF AMERICA CORP CMN	Common Stock	060505104	12,935	760,000	SH		SOLE		760,000	0	0
BANK OF MARIN BANCORP CMN	Common Stock	063425102	257	5,046	SH		SOLE		5,046	0	0
BEASLEY BROADCAST GROUP INC CMN CLASS A	Common Stock	074014101	150	32,469	SH		SOLE		32,469	0	0
BEL FUSE INC CL-B CMN CLASS B	Common Stock	077347300	303	14,788	SH		SOLE		14,788	0	0
BENCHMARK ELECTRONICS INC CMN	Common Stock	08160H101	218	10,000	SH		SOLE		10,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	Common Stock	084670108	44,043	215	SH		SOLE		215	0	0
BLYTH, INC. CMN	Common Stock	09643P207	1,521	239,600	SH		SOLE		239,600	0	0
BP P.L.C. SPONSORED ADR CMN	ADR	055622104	400	10,000	SH		SOLE		10,000	0	0
BROADWIND ENERGY INC. CMN	Common Stock	11161T207	585	137,894	SH		SOLE		137,894	0	0
BRUNSWICK CORP. CMN	Common Stock	117043109	254	5,000	SH		SOLE		5,000	0	0
C D I CORP CMN	Common Stock	125071100	453	34,812	SH		SOLE		34,812	0	0
CAMBREX CORPORATION CMN	Common Stock	132011107	439	10,000	SH		SOLE		10,000	0	0
CAMPBELL SOUP CO CMN	Common Stock	134429109	477	10,000	SH		SOLE		10,000	0	0
CAMPUS CREST COMMUNITIES, INC. CMN	Common Stock	13466Y105	83	15,000	SH		SOLE		15,000	0	0
CAPITAL ONE FINANCIAL CORP CMN	Common Stock	14040H105	2,199	25,000	SH		SOLE		25,000	0	0
CAREER EDUCATION CORP CMN	Common Stock	141665109	440	133,272	SH		SOLE		133,272	0	0
CARRIAGE SERVICES, INC. CMN	Common Stock	143905107	4,312	180,557	SH		SOLE		180,557	0	0
CARROLS RESTAURANT GROUP INC CMN	Common Stock	14574X104	2,257	217,000	SH		SOLE		217,000	0	0
CATERPILLAR INC (DELAWARE) CMN	Common Stock	149123101	2,545	30,000	SH		SOLE		30,000	0	0
CECO ENVIRONMENTAL CORP CMN	Common Stock	125141101	536	47,293	SH		SOLE		47,293	0	0
CENTRAL GARDEN & PET CO CMN	Common Stock	153527106	834	78,967	SH		SOLE		78,967	0	0
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES	Common Stock	153527205	374	32,764	SH		SOLE		32,764	0	0
CENTURY BANCORP INC CL-A NON VTG CLASS A	Common Stock	156432106	203	5,000	SH		SOLE		5,000	0	0
CENTURY CASINOS INC CMN	Common Stock	156492100	630	100,000	SH		SOLE		100,000	0	0
CENVEO INC CMN	Common Stock	15670S105	1,079	509,100	SH		SOLE		509,100	0	0
CF INDUSTRIES HOLDINGS, INC. CMN	Common Stock	125269100	643	10,000	SH		SOLE		10,000	0	0
CITIZENS FINANCIAL GROUP INC CMN	Common Stock	174610105	3,414	125,000	SH		SOLE		125,000	0	0
CITRIX SYSTEMS INC CMN	Common Stock	177376100	561	8,000	SH		SOLE		8,000	0	0
CIVEO CORP CMN	Common Stock	178787107	1,090	355,081	SH		SOLE		355,081	0	0
CNINSURE INC SPONSORED ADR CMN	ADR	18976M103	2,031	230,000	SH		SOLE		230,000	0	0
CNO FINANCIAL GROUP INC CMN	Common Stock	12621E103	5,505	300,000	SH		SOLE		300,000	0	0
COCA-COLA COMPANY (THE) CMN	Common Stock	191216100	4,511	115,000	SH		SOLE		115,000	0	0
COGENT COMMUNICATIONS HLDGS CMN	Common Stock	19239V302	677	20,000	SH		SOLE		20,000	0	0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A	Common Stock	192446102	2,505	41,000	SH		SOLE		41,000	0	0
COMMUNITY HEALTH SYS INC CMN	Common Stock	203668108	882	14,000	SH		SOLE		14,000	0	0
COMPUTER TASK GROUP, INC. CMN	Common Stock	205477102	232	30,000	SH		SOLE		30,000	0	0
CONSUMER PORTFOLIO SVCS INC CMN	Common Stock	210502100	375	60,000	SH		SOLE		60,000	0	0
CONTINENTAL MATERIALS CORP CMN	Common Stock	211615307	404	26,190	SH		SOLE		26,190	0	0
COVISINT CORPORATION CMN	Common Stock	22357R103	146	44,713	SH		SOLE		44,713	0	0
COWEN GROUP, INC. CMN	Common Stock	223622101	837	130,734	SH		SOLE		130,734	0	0
CROCS, INC. CMN	Common Stock	227046109	440	29,887	SH		SOLE		29,887	0	0
CSG SYSTEMS INTL INC CMN	Common Stock	126349109	951	30,032	SH		SOLE		30,032	0	0
CULP INC CMN	Common Stock	230215105	310	10,000	SH		SOLE		10,000	0	0
CVS HEALTH CORP CMN	Common Stock	126650100	5,244	50,000	SH		SOLE		50,000	0	0
DANA HOLDING CORPORATION CMN	Common Stock	235825205	617	30,000	SH		SOLE		30,000	0	0
DATALINK CORP CMN	Common Stock	237934104	89	10,000	SH		SOLE		10,000	0	0
DELPHI AUTOMOTIVE PLC CMN	Common Stock	G27823106	255	3,000	SH		SOLE		3,000	0	0
DELTA AIR LINES, INC. CMN	Common Stock	247361702	411	10,000	SH		SOLE		10,000	0	0
DELUXE CORP CMN	Common Stock	248019101	620	10,000	SH		SOLE		10,000	0	0
DESTINATION MATERNITY CORPORAT*ION CMN	Common Stock	25065D100	933	80,000	SH		SOLE		80,000	0	0
DESWELL INDUSTRIES INC CMN	Common Stock	250639101	54	30,000	SH		SOLE		30,000	0	0
DGT HLDGS CORP CMN	Common Stock	23328R206	360	20,000	SH		SOLE		20,000	0	0
DHT HOLDINGS INC CMN	Common Stock	Y2065G121	706	90,835	SH		SOLE		90,835	0	0
DIANA SHIPPING INC CMN	Common Stock	Y2066G104	277	39,239	SH		SOLE		39,239	0	0
DISCOVER FINANCIAL SERVICES CMN	Common Stock	254709108	870	15,100	SH		SOLE		15,100	0	0
DOVER DOWNS GAMING & ENTMT INC CMN	Common Stock	260095104	231	247,913	SH		SOLE		247,913	0	0
DOVER MOTORSPORTS INC CMN	Common Stock	260174107	165	74,663	SH		SOLE		74,663	0	0
DOVER SADDLERY, INC. CMN	Common Stock	260412101	322	38,335	SH		SOLE		38,335	0	0
DST SYSTEM INC COMMON STOCK	Common Stock	233326107	1,134	9,000	SH		SOLE		9,000	0	0
E*TRADE FINANCIAL CORPORATION CMN	Common Stock	269246401	300	10,000	SH		SOLE		10,000	0	0
EASTERN VA BANKSHARES INC CMN	Common Stock	277196101	238	37,642	SH		SOLE		37,642	0	0
EBAY INC. CMN	Common Stock	278642103	2,469	40,979	SH		SOLE		40,979	0	0
EDCI HLDGS INC CMN	Common Stock	268315207	79	174,500	SH		SOLE		174,500	0	0
ELECTRO RENT CORP CMN	Common Stock	285218103	155	14,231	SH		SOLE		14,231	0	0
EMPLOYEE SOLUTIONS INC CMN	Common Stock	292166105	145	17,800	SH		SOLE		17,800	0	0
ENCORE CAPITAL GROUP INC CMN	Common Stock	292554102	256	6,000	SH		SOLE		6,000	0	0
ENDURANCE SPECIALTY HLDGS LTD CMN	Common Stock	G30397106	1,643	25,000	SH		SOLE		25,000	0	0
ENGLOBAL CORPORATION CMN	Common Stock	293306106	214	158,168	SH		SOLE		158,168	0	0
ENTEGRIS, INC. CMN	Common Stock	29362U104	146	10,000	SH		SOLE		10,000	0	0
ENTERCOM COMMS. CORP CLASS A COMMON STOCK	Common Stock	293639100	114	10,000	SH		SOLE		10,000	0	0
ENTRAVISION COMMUNICATIONS CP CMN CLASS A	Common Stock	29382R107	4,123	500,977	SH		SOLE		500,977	0	0
EQUIFAX INC CMN	Common Stock	294429105	971	10,000	SH		SOLE		10,000	0	0
ERICKSON INC CMN	Common Stock	29482P100	116	26,681	SH		SOLE		26,681	0	0
EVEREST RE GROUP LTD CMN	Common Stock	G3223R108	910	5,000	SH		SOLE		5,000	0	0
FACEBOOK, INC. CMN CLASS A	Common Stock	30303M102	7,436	86,700	SH		SOLE		86,700	0	0
FAIR ISAAC INC CMN	Common Stock	303250104	1,816	20,000	SH		SOLE		20,000	0	0
FANNIE MAE COMMON STOCK CMN	Common Stock	313586109	93	40,000	SH		SOLE		40,000	0	0
FEDERATED NATL HLDG CO CMN	Common Stock	31422T101	605	25,000	SH		SOLE		25,000	0	0
FEMALE HEALTH COMPANY CMN SERIES	Common Stock	314462102	282	156,634	SH		SOLE		156,634	0	0
FIESTA RESTAURANT GROUP, INC. CMN	Common Stock	31660B101	7,500	150,000	SH		SOLE		150,000	0	0
FIRST CMNTY CORP S C CMN	Common Stock	319835104	827	70,000	SH		SOLE		70,000	0	0
FIRST OF LONG ISLAND CORP CMN	Common Stock	320734106	291	10,500	SH		SOLE		10,500	0	0
FIRSTMERIT CORP CMN	Common Stock	337915102	2,386	114,533	SH		SOLE		114,533	0	0
FIVE STAR QUALITY CARE INC CMN	Common Stock	33832D106	848	176,590	SH		SOLE		176,590	0	0
FLAGSTAR BANCORP, INC. CMN	Common Stock	337930705	277	15,000	SH		SOLE		15,000	0	0
FLEXSTEEL INDUSTRIES INC CMN	Common Stock	339382103	2,370	55,000	SH		SOLE		55,000	0	0
FLUSHING FINANCIAL CORPORATION CMN	Common Stock	343873105	231	10,983	SH		SOLE		10,983	0	0
FREDDIE MAC CMN	Common Stock	313400301	221	100,000	SH		SOLE		100,000	0	0
FRIEDMAN INDS INC CMN	Common Stock	358435105	90	14,449	SH		SOLE		14,449	0	0
FTD COMPANIES, INC. CMN	Common Stock	30281V108	1,128	40,000	SH		SOLE		40,000	0	0
FURMANITE CORPORATION CMN	Common Stock	361086101	725	89,275	SH		SOLE		89,275	0	0
GANNETT SPINCO INC	Common Stock	36473H104	350	25,000	SH		SOLE		25,000	0	0
GANNETT CO.INC. CMN	Common Stock	364730101	1,604	50,000	SH		SOLE		50,000	0	0
GENCOR INDUSTRIES INC CMN	Common Stock	368678108	588	60,758	SH		SOLE		60,758	0	0
GIBRALTAR INDUSTRIES INC CMN	Common Stock	374689107	2,852	140,000	SH		SOLE		140,000	0	0
GLOBAL SOURCES LIMITED CMN ISIN: BMG393001018	Common Stock	G39300105	417	60,000	SH		SOLE		60,000	0	0
GOLDMAN SACHS GROUP, INC.(THE) CMN	Common Stock	38141G104	4,802	23,000	SH		SOLE		23,000	0	0
GOOGLE INC. CMN CLASS A	Common Stock	38259P508	1,350	2,500	SH		SOLE		2,500	0	0
GOOGLE INC. CMN CLASS C	Common Stock	38259P706	1,824	3,504	SH		SOLE		3,504	0	0
GORDMANS STORES, INC. CMN	Common Stock	38269P100	83	13,601	SH		SOLE		13,601	0	0
GRAND CANYON EDUCATION, INC. CMN	Common Stock	38526M106	212	5,000	SH		SOLE		5,000	0	0
GRAPHIC PACKAGING HLDGCO CMN	Common Stock	388689101	380	27,286	SH		SOLE		27,286	0	0
GUIDANCE SOFTWARE INC. CMN	Common Stock	401692108	341	40,300	SH		SOLE		40,300	0	0
GULF ISLAND FABRICATION INC CMN	Common Stock	402307102	427	38,200	SH		SOLE		38,200	0	0
H & R BLOCK INC. CMN	Common Stock	093671105	593	20,000	SH		SOLE		20,000	0	0
H&E EQUIPMENT SERVICES INC CMN	Common Stock	404030108	399	20,000	SH		SOLE		20,000	0	0
HALLIBURTON COMPANY CMN	Common Stock	406216101	2,283	53,000	SH		SOLE		53,000	0	0
HANMI FINANCIAL CORPORATION CMN	Common Stock	410495204	1,863	75,000	SH		SOLE		75,000	0	0
HARDINGE INC. COMMON STOCK	Common Stock	412324303	690	70,000	SH		SOLE		70,000	0	0
HAWTHORN BANCSHARES INC CMN	Common Stock	420476103	415	28,987	SH		SOLE		28,987	0	0
HCA HOLDINGS, INC. CMN	Common Stock	40412C101	6,804	75,000	SH		SOLE		75,000	0	0
HEALTH NET, INC. CMN	Common Stock	42222G108	2,565	40,000	SH		SOLE		40,000	0	0
HERTZ GLOBAL HOLDINGS, INC. CMN	Common Stock	42805T105	272	15,000	SH		SOLE		15,000	0	0
HIGHER ONE HOLDINGS, INC. CMN	Common Stock	42983D104	2,542	850,000	SH		SOLE		850,000	0	0
HOLLYFRONTIER CORP CMN	Common Stock	436106108	863	20,214	SH		SOLE		20,214	0	0
HOLLYWOOD MEDIA CORP. CMN	Common Stock	436233100	161	229,449	SH		SOLE		229,449	0	0
HOOPER HOLMES INC CMN	Common Stock	439104100	114	596,395	SH		SOLE		596,395	0	0
HORACE MANN EDUCATORS CORP CMN	Common Stock	440327104	364	10,000	SH		SOLE		10,000	0	0
HORMEL FOODS CORP CMN	Common Stock	440452100	564	10,000	SH		SOLE		10,000	0	0
HRG GROUP INC CMN	Common Stock	40434J100	2,600	200,000	SH		SOLE		200,000	0	0
HUBBELL INCORPORATED CLASS B CMN CLASS B	Common Stock	443510201	487	4,500	SH		SOLE		4,500	0	0
HUDSON GLOBAL, INC. CMN	Common Stock	443787106	34	15,000	SH		SOLE		15,000	0	0
HUNTINGTON BANCSHARES INCORPOR*ATED CMN	Common Stock	446150104	1,613	142,600	SH		SOLE		142,600	0	0
HUTTIG BUILDING PRODUCTS INC CMN	Common Stock	448451104	1,778	566,276	SH		SOLE		566,276	0	0
INDEPENDENCE HOLDING COMPANY (NEW)	Common Stock	453440307	198	15,000	SH		SOLE		15,000	0	0
INDEPENDENT BANK CORP MASS CMN	Common Stock	453836108	1,407	30,000	SH		SOLE		30,000	0	0
INFUSYSTEM HOLDINGS, INC. CMN	Common Stock	45685K102	3,216	1,008,255	SH		SOLE		1,008,255	0	0
INSTEEL INDUSTRIES INC CMN	Common Stock	45774W108	187	10,000	SH		SOLE		10,000	0	0
INTEGRATED ELECTRICAL SVC INC CMN	Common Stock	45811E301	213	30,000	SH		SOLE		30,000	0	0
INTERTAPE POLYMER GROUP INC CMN	Common Stock	460919103	1,049	69,980	SH		SOLE		69,980	0	0
INVESTORS TITLE CO CMN	Common Stock	461804106	284	4,000	SH		SOLE		4,000	0	0
ISHARES CORE S&P 500 ETF CMN	ETP	464287200	10,361	50,000	SH		SOLE		50,000	0	0
JARDEN CORPORATION CMN	Common Stock	471109108	233	4,500	SH		SOLE		4,500	0	0
JONES LANG LASALLE INC CMN	Common Stock	48020Q107	1,283	7,500	SH		SOLE		7,500	0	0
JPMORGAN CHASE & CO CMN	Common Stock	46625H100	3,456	51,000	SH		SOLE		51,000	0	0
JPS INDUSTRIES, INC. CMN	Common Stock	46624E405	2,203	202,103	SH		SOLE		202,103	0	0
KELLY SERVICES INC(CL-A) CMN CLASS A	Common Stock	488152208	1,017	66,280	SH		SOLE		66,280	0	0
KRAFT FOODS GROUP, INC. CMN	Common Stock	50076Q106	1,703	20,000	SH		SOLE		20,000	0	0
KROGER COMPANY CMN	Common Stock	501044101	1,088	15,000	SH		SOLE		15,000	0	0
LAKE SUNAPEE BK GROUP CMN	Common Stock	510866106	2,652	183,765	SH		SOLE		183,765	0	0
LANDAUER INC CMN	Common Stock	51476K103	713	19,998	SH		SOLE		19,998	0	0
LANNETT COMPANY, INC. CMN	Common Stock	516012101	2,378	40,000	SH		SOLE		40,000	0	0
LEAR CORPORATION CMN	Common Stock	521865204	1,295	11,537	SH		SOLE		11,537	0	0
LEE ENTERPRISES INC CMN	Common Stock	523768109	33	10,000	SH		SOLE		10,000	0	0
LEVEL 3 COMMUNICATIONS INC CMN	Common Stock	52729N308	527	10,000	SH		SOLE		10,000	0	0
LIBBEY INC. CMN	Common Stock	529898108	413	10,000	SH		SOLE		10,000	0	0
LINCOLN EDL SERVICES CORP CMN	Common Stock	533535100	631	312,143	SH		SOLE		312,143	0	0
LIQUIDITY SERVICES INC CMN	Common Stock	53635B107	121	12,600	SH		SOLE		12,600	0	0
LKQ CORPORATION CMN	Common Stock	501889208	3,025	100,000	SH		SOLE		100,000	0	0
LSI INDUSTRIES INC CMN	Common Stock	50216C108	413	44,231	SH		SOLE		44,231	0	0
LUCAS ENERGY, INC. CMN	Common Stock	549333201	96	682,280	SH		SOLE		682,280	0	0
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A	Common Stock	N53745100	2,070	20,000	SH		SOLE		20,000	0	0
MANPOWER GROUP CMN	Common Stock	56418H100	268	3,000	SH		SOLE		3,000	0	0
MARCHEX INC CMN CLASS B	Common Stock	56624R108	629	127,100	SH		SOLE		127,100	0	0
MARSH & MCLENNAN CO INC CMN	Common Stock	571748102	1,134	20,000	SH		SOLE		20,000	0	0
MASTERCARD INCORPORATED CMN CLASS A	Common Stock	57636Q104	6,637	71,000	SH		SOLE		71,000	0	0
MCGRAW-HILL COMPANIES INC CMN	Common Stock	580645109	5,023	50,000	SH		SOLE		50,000	0	0
MCKESSON CORPORATION CMN	Common Stock	58155Q103	337	1,500	SH		SOLE		1,500	0	0
MDU RESOURCES GROUP INC CMN	Common Stock	552690109	488	25,000	SH		SOLE		25,000	0	0
MEDNAX INC CMN	Common Stock	58502B106	534	7,200	SH		SOLE		7,200	0	0
MENS WEARHOUSE INC (THE) CMN	Common Stock	587118100	5,766	90,000	SH		SOLE		90,000	0	0
MFRI INC CMN	Common Stock	552721102	74	12,226	SH		SOLE		12,226	0	0
MICROSOFT CORPORATION CMN	Common Stock	594918104	298	6,760	SH		SOLE		6,760	0	0
MICROSTRATEGY INCORPORATED CMN CLASS A	Common Stock	594972408	425	2,500	SH		SOLE		2,500	0	0
MILLENNIAL MEDIA, INC. CMN	Common Stock	60040N105	302	186,593	SH		SOLE		186,593	0	0
MITCHAM INDS INC CMN	Common Stock	606501104	667	159,192	SH		SOLE		159,192	0	0
MONDELEZ INTERNATIONAL, INC. CMN	Common Stock	609207105	2,468	60,000	SH		SOLE		60,000	0	0
MONSTER WORLDWIDE INC. CMN	Common Stock	611742107	4,558	696,900	SH		SOLE		696,900	0	0
MORGAN STANLEY CMN	Common Stock	617446448	24,244	625,000	SH		SOLE		625,000	0	0
MOVADO GROUP INC CMN	Common Stock	624580106	272	10,000	SH		SOLE		10,000	0	0
MSCI INC. CMN	Common Stock	55354G100	1,231	20,000	SH		SOLE		20,000	0	0
MUELLER WATER PRODUCTS, INC. CMN SERIES A	Common Stock	624758108	1,236	135,855	SH		SOLE		135,855	0	0
NASDAQ OMX GROUP, INC. CMN	Common Stock	631103108	488	10,000	SH		SOLE		10,000	0	0
NATHANS FAMOUS INC CMN	Common Stock	632347100	259	7,000	SH		SOLE		7,000	0	0
NATL WESTN LIFE INS CO CL-A CMN CLASS A	Common Stock	638522102	359	1,500	SH		SOLE		1,500	0	0
NCI BUILDING SYSTEMS, INC. CMN	Common Stock	628852204	754	50,000	SH		SOLE		50,000	0	0
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS)	ADR	641069406	542	7,500	SH		SOLE		7,500	0	0
NEW YORK & COMPANY, INC. CMN	Common Stock	649295102	106	39,734	SH		SOLE		39,734	0	0
NICHOLAS FINANCIAL, INC. CMN	Common Stock	65373J209	382	30,000	SH		SOLE		30,000	0	0
NN INC CMN	Common Stock	629337106	255	10,000	SH		SOLE		10,000	0	0
NORANDA ALUMINUM HOLDING CORP CMN	Common Stock	65542W107	9	10,000	SH		SOLE		10,000	0	0
NORTHERN TRUST CORP CMN	Common Stock	665859104	528	6,900	SH		SOLE		6,900	0	0
NUANCE COMMUNICATIONS, INC. CMN	MLP	67020Y100	487	27,805	SH		SOLE		27,805	0	0
OAKTREE CAPITAL GROUP, LLC CMN	MLP	674001201	532	10,000	SH		SOLE		10,000	0	0
OMNICOM GROUP CMN	Common Stock	681919106	695	10,000	SH		SOLE		10,000	0	0
OPTICAL CABLE CORP CMN	Common Stock	683827208	112	32,496	SH		SOLE		32,496	0	0
OWENS RLTY MORTGAGE INC CMN	Common Stock	690828108	451	30,000	SH		SOLE		30,000	0	0
PAPA JOHN'S INTERNATIONAL INC. CMN	Common Stock	698813102	302	4,000	SH		SOLE		4,000	0	0
PAR TECHNOLOGY CORP CMN	Common Stock	698884103	347	70,685	SH		SOLE		70,685	0	0
PARKWAY PROPERTIES INC MD CMN	REIT	70159Q104	1,000	57,330	SH		SOLE		57,330	0	0
PARTNERRE LTD BERMUDA CMN	Common Stock	G6852T105	4,266	33,200	SH		SOLE		33,200	0	0
PATTERSON-UTI ENERGY, INC. ORD CMN	Common Stock	703481101	753	40,000	SH		SOLE		40,000	0	0
PENTAIR PLC. CMN	Common Stock	H6169Q108	413	6,000	SH		SOLE		6,000	0	0
PEP BOYS MANNY-MOE &JACK CMN	Common Stock	713278109	197	16,048	SH		SOLE		16,048	0	0
PEPSICO INC CMN	Common Stock	713448108	19,601	210,000	SH		SOLE		210,000	0	0
PERCEPTRON INC CMN	Common Stock	71361F100	804	76,103	SH		SOLE		76,103	0	0
PERFECT WORLD CO., LTD. SPONSORED ADR CMN	ADR	71372U104	1,088	54,900	SH		SOLE		54,900	0	0
PERFORMANT FINANCIAL CORP CMN	ADR	71377E105	486	150,000	SH		SOLE		150,000	0	0
PGT INC CMN	Common Stock	69336V101	943	65,000	SH		SOLE		65,000	0	0
PHH CORPORATION CMN	Common Stock	693320202	3,905	150,000	SH		SOLE		150,000	0	0
PHILIP MORRIS INTL INC CMN	Common Stock	718172109	481	6,000	SH		SOLE		6,000	0	0
PHILLIPS 66 CMN	Common Stock	718546104	4,028	50,000	SH		SOLE		50,000	0	0
PHOENIX COMPANIES INC. (THE) CMN	Common Stock	71902E604	927	50,800	SH		SOLE		50,800	0	0
PLANET PAYMENT INC CMN	Common Stock	U72603118	183	75,714	SH		SOLE		75,714	0	0
PNC FINANCIAL SERVICES GROUP CMN	Common Stock	693475105	1,435	15,000	SH		SOLE		15,000	0	0
PPG INDUSTRIES, INC. CMN	Common Stock	693506107	2,524	22,000	SH		SOLE		22,000	0	0
PRGX GLOBAL INC CMN CLASS	Common Stock	69357C503	1,010	230,000	SH		SOLE		230,000	0	0
PRICESMART INC CMN	Common Stock	741511109	228	2,500	SH		SOLE		2,500	0	0
PRIMEENERGY CORP CMN	Common Stock	74158E104	309	5,615	SH		SOLE		5,615	0	0
PSYCHEMEDICS CORPORATION CMN	Common Stock	744375205	1,164	78,495	SH		SOLE		78,495	0	0
PULTEGROUP INC. CMN	Common Stock	745867101	1,008	50,000	SH		SOLE		50,000	0	0
QC HOLDINGS, INC. CMN	Common Stock	74729T101	27	14,660	SH		SOLE		14,660	0	0
R R DONNELLEY & SONS CO CMN	Common Stock	257867101	174	10,000	SH		SOLE		10,000	0	0
RAIT FINANCIAL TRUST CMN	REIT	749227609	183	30,000	SH		SOLE		30,000	0	0
RCM TECHNOLOGIES INC CMN	Common Stock	749360400	113	20,000	SH		SOLE		20,000	0	0
REALOGY HLDGS CORP CMN	Common Stock	75605Y106	3,490	74,700	SH		SOLE		74,700	0	0
RENAISSANCE RE HOLDINGS LTD CMN	Common Stock	G7496G103	3,422	33,708	SH		SOLE		33,708	0	0
RENT-A-CENTER INC CMN	Common Stock	76009N100	284	10,000	SH		SOLE		10,000	0	0
RESOURCE AMERICA INC CL-A CMN CLASS A	Common Stock	761195205	515	61,273	SH		SOLE		61,273	0	0
ROCKWELL AUTOMATION INC CMN	Common Stock	773903109	374	3,000	SH		SOLE		3,000	0	0
RPM INTERNATIONAL INC CMN	Common Stock	749685103	1,224	25,000	SH		SOLE		25,000	0	0
SAFE BULKERS INC CMN	Common Stock	Y7388L103	357	110,722	SH		SOLE		110,722	0	0
SALEM COMMUNICATIONS CORP DEL CMN CLASS A	Common Stock	794093104	127	20,045	SH		SOLE		20,045	0	0
SANMINA-SCI CORPORATION CMN	Common Stock	801056102	202	10,000	SH		SOLE		10,000	0	0
SCHOOL SPECIALTY, INC. CMN	Common Stock	807864103	2,200	22,221	SH		SOLE		22,221	0	0
SEAGATE TECHNOLOGY PLC CMN	Common Stock	G7945M107	475	10,000	SH		SOLE		10,000	0	0
SEARS HOMETOWN AND OUTLET STORES, INC. CMN	Common Stock	812362101	190	20,000	SH		SOLE		20,000	0	0
SED INTERNATIONAL HLDGS INC CMN	Common Stock	784109209	3	10,000	SH		SOLE		10,000	0	0
SERVICE CORP INTERNATL CMN	Common Stock	817565104	589	20,000	SH		SOLE		20,000	0	0
SIFCO INDUSTRIES INC CMN	Common Stock	826546103	298	20,000	SH		SOLE		20,000	0	0
SIGA TECHNOLOGIES, INC. CMN	Common Stock	826917106	118	91,377	SH		SOLE		91,377	0	0
SINCLAIR BROADCAST GROUP INC CMN CLASS A	Common Stock	829226109	279	10,000	SH		SOLE		10,000	0	0
SL INDS INC CMN	Common Stock	784413106	3,217	83,316	SH		SOLE		83,316	0	0
SPAR GROUP INC CMN	Common Stock	784933103	1,179	907,290	SH		SOLE		907,290	0	0
SPARTAN MOTORS INC. CMN	Common Stock	846819100	79	17,219	SH		SOLE		17,219	0	0
SPDR GOLD TRUST ETF	ETP	78463V107	6,742	60,000	SH		SOLE		60,000	0	0
SPDR S&P 500 ETF TRUST	ETP	78462F103	32,586	158,300	SH		SOLE		158,300	0	0
SPOK HOLDINGS INCORPORATED CMN	Common Stock	84863T106	337	20,000	SH		SOLE		20,000	0	0
STAPLES, INC. CMN	Common Stock	855030102	459	30,000	SH		SOLE		30,000	0	0
STAR BULK CARRIERS CORP. CMN	Common Stock	Y8162K121	1,661	565,087	SH		SOLE		565,087	0	0
STARTEK, INC. CMN	Common Stock	85569C107	303	51,323	SH		SOLE		51,323	0	0
STATE STREET CORPORATION (NEW) CMN	Common Stock	857477103	7,700	100,000	SH		SOLE		100,000	0	0
STEELCASE INC. CLASS A COMMON STOCK	Common Stock	858155203	284	15,000	SH		SOLE		15,000	0	0
STEWART INFORMATION SVCS CORP CMN	Common Stock	860372101	3,184	80,000	SH		SOLE		80,000	0	0
STORAGENETWORKS INC. CMN	Common Stock	86211E103	0	300,000	SH		SOLE		300,000	0	0
STRATUS PPTYS INC CMN	Common Stock	863167201	1,906	133,131	SH		SOLE		133,131	0	0
SUNTRUST BANKS INC $1.00 PAR CMN	Common Stock	867914103	860	20,000	SH		SOLE		20,000	0	0
SURMODICS INC CMN	Common Stock	868873100	234	10,000	SH		SOLE		10,000	0	0
SYMETRA FINANCIAL CORPORATION CMN	Common Stock	87151Q106	869	35,952	SH		SOLE		35,952	0	0
SYMMETRY SURGICAL INC CMN	Common Stock	87159G100	930	106,705	SH		SOLE		106,705	0	0
TECUMSEH PRODUCTS COMPANY CMN	Common Stock	878895309	172	69,717	SH		SOLE		69,717	0	0
TEMPUR SEALY INTERNATIONAL INC CMN	Common Stock	88023U101	1,318	20,000	SH		SOLE		20,000	0	0
TESORO CORPORATION CMN	Common Stock	881609101	2,110	25,000	SH		SOLE		25,000	0	0
TESORO LOGISTICS LP CMN	MLP	88160T107	1,142	20,000	SH		SOLE		20,000	0	0
THE BANK OF NY MELLON CORP CMN	Common Stock	064058100	4,197	100,000	SH		SOLE		100,000	0	0
THE E.W. SCRIPPS COMPANY CMN CLASS A	Common Stock	811054402	237	10,352	SH		SOLE		10,352	0	0
THE RYLAND GROUP, INC. CMN	Common Stock	783764103	232	5,000	SH		SOLE		5,000	0	0
TOLL BROTHERS, INC. CMN	Common Stock	889478103	3,819	100,000	SH		SOLE		100,000	0	0
TOTAL SYS SVC INC. CMN	Common Stock	891906109	418	10,000	SH		SOLE		10,000	0	0
TREMOR VIDEO, INC. CMN	Common Stock	89484Q100	700	240,714	SH		SOLE		240,714	0	0
TRINITY BIOTECH PLC SPONSORED ADR CMN	ADR	896438306	271	15,000	SH		SOLE		15,000	0	0
TRIPADVISOR, INC. CMN	Common Stock	896945201	214	2,452	SH		SOLE		2,452	0	0
TUCOWS, INC. CMN CLASS A	Common Stock	898697206	353	12,683	SH		SOLE		12,683	0	0
TYCO INTERNATIONAL PLC CMN	Common Stock	H89128104	962	25,000	SH		SOLE		25,000	0	0
U.S. CONCRETE INC CMN	Common Stock	90333L201	2,206	58,211	SH		SOLE		58,211	0	0
U.S. PHYSICAL THERAPY, INC. CMN	Common Stock	90337L108	3,833	69,999	SH		SOLE		69,999	0	0
UFP TECHNOLOGIES INC CMN	NY Reg Shrs	902673102	1,883	90,000	SH		SOLE		90,000	0	0
UNILEVER N.V. NY SHS (NEW) ADR CMN	NY Reg Shrs	904784709	1,255	30,000	SH		SOLE		30,000	0	0
UNITED BANCSHARES INC OHIO CMN	Common Stock	909458101	879	57,500	SH		SOLE		57,500	0	0
UNITED CONTINENTAL HOLDING INC CMN	Common Stock	910047109	4,241	80,000	SH		SOLE		80,000	0	0
UNITED ONLINE, INC. CMN	Common Stock	911268209	448	28,571	SH		SOLE		28,571	0	0
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	Common Stock	911312106	1,938	20,000	SH		SOLE		20,000	0	0
UNITED RENTALS, INC. CMN	Common Stock	911363109	438	5,000	SH		SOLE		5,000	0	0
UNITED TECHNOLOGIES CORP CMN	Common Stock	913017109	277	2,500	SH		SOLE		2,500	0	0
UNITEDHEALTH GROUP INCORPORATE*D CMN	Common Stock	91324P102	6,710	55,000	SH		SOLE		55,000	0	0
UNIVERSAL HEALTH SVC CL B CMN CLASS B	Common Stock	913903100	1,421	10,000	SH		SOLE		10,000	0	0
UNIVERSAL TECHNICAL INSTITUTE CMN	Common Stock	913915104	1,092	126,969	SH		SOLE		126,969	0	0
VALSPAR CORP CMN	Common Stock	920355104	818	10,000	SH		SOLE		10,000	0	0
VERINT SYSTEMS INC CMN	Common Stock	92343X100	1,215	20,000	SH		SOLE		20,000	0	0
VF CORP CMN	Common Stock	918204108	2,232	32,000	SH		SOLE		32,000	0	0
VIAD CORP CMN	Common Stock	92552R406	1,084	40,000	SH		SOLE		40,000	0	0
VIEWTRAN GROUP INC CMN	Common Stock	0G936W104	105	100,185	SH		SOLE		100,185	0	0
VISA INC. CMN CLASS A	Common Stock	92826C839	6,984	104,000	SH		SOLE		104,000	0	0
VONAGE HOLDINGS CORP. CMN	Common Stock	92886T201	143	29,075	SH		SOLE		29,075	0	0
W.R. GRACE & CO (NEW) CMN	Common Stock	38388F108	2,257	22,500	SH		SOLE		22,500	0	0
WAL MART STORES INC CMN	Common Stock	931142103	1,773	25,000	SH		SOLE		25,000	0	0
WALGREENS BOOTS ALLIANCE, INC. CMN	Common Stock	931427108	2,533	30,000	SH		SOLE		30,000	0	0
WALT DISNEY COMPANY (THE) CMN	Common Stock	254687106	1,712	15,000	SH		SOLE		15,000	0	0
WARREN RESOURCES INC. CMN	Common Stock	93564A100	98	213,217	SH		SOLE		213,217	0	0
WEBCO INDS INC CMN	Common Stock	947621207	616	10,707	SH		SOLE		10,707	0	0
WELLCARE HEALTH PLANS INC CMN	Common Stock	94946T106	424	5,000	SH		SOLE		5,000	0	0
WILLDAN GROUP INC CMN	Common Stock	96924N100	2,209	197,559	SH		SOLE		197,559	0	0
WILLIS LEASE FINANCE CORP CMN	Common Stock	970646105	735	40,000	SH		SOLE		40,000	0	0
WORLD FUEL SERVICES CORP CMN	Common Stock	981475106	1,678	35,000	SH		SOLE		35,000	0	0
XEROX CORPORATION CMN	Common Stock	984121103	319	30,000	SH		SOLE		30,000	0	0
YAHOO INC CMN	Common Stock	984332106	1,179	30,000	SH		SOLE		30,000	0	0
YELP INC. CMN	Common Stock	985817105	688	16,000	SH		SOLE		16,000	0	0
YPF SOCIEDAD ANONIMA SPONSORED ADR REPSTG CL D	ADR	984245100	274	10,000	SH		SOLE		10,000	0	0
PUT/GM @ 23 EXP 01/15/2016	Equity Option	37045V950	5	326	SH	Put	SOLE		326	0	0
WTS/KINDER MORGAN, INC. EXP 05/25/2017	Equity WRT	49456B119	54	20,000	SH		SOLE		20,000	0	0
SURGUTNEFTEGAZ SPON ADR PREF SPONSORED ADR PFD TAXBL	ADR	868861105	175	23,000	SH		SOLE		23,000	0	0
RTS/COMMUNITY HEALTH SYSTEMS, INC. EXP04/01/2016	Right	203668116	0	30,000	SH		SOLE		30,000	0	0