White Pine 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
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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
APPLE INC	COM	037833100	4,743	47,078	SH		SOLE		15,035	0	32,043
EXXON MOBIL CORP COM	COM	30231G102	6,541	69,543	SH		SOLE		19,473	0	50,070
MICROSOFT CORP COM	COM	594918104	5,238	112,994	SH		SOLE		29,175	0	83,819
JOHNSON & JOHNSON COM	COM	478160104	6,812	63,908	SH		SOLE		16,346	0	47,562
WELLS FARGO & COMPANY	COM	949746101	1,723	33,223	SH		SOLE		8,406	0	24,817
GENERAL ELEC CO COM	COM	369604103	3,761	146,781	SH		SOLE		44,464	0	102,317
WAL MART STORES INC COM	COM	931142103	652	8,527	SH		SOLE		500	0	8,027
PROCTER & GAMBLE CO	COM	742718109	1,838	21,954	SH		SOLE		6,687	0	15,267
CHEVRON CORPORATION	COM	166764100	3,976	33,325	SH		SOLE		7,799	0	25,526
JPMORGAN CHASE & CO	COM	46625H100	1,202	19,952	SH		SOLE		4,750	0	15,202
VERIZON COMMUNICATIONS	COM	92343V104	3,443	68,872	SH		SOLE		20,236	0	48,636
GOOGLE INC CL A	COM	38259P508	1,399	2,377	SH		SOLE		690	0	1,687
GOOGLE INC CL C	COM	38259P706	1,372	2,377	SH		SOLE		690	0	1,687
INTERNATIONAL BUS MACH COM	COM	459200101	2,044	10,768	SH		SOLE		4,945	0	5,823
PFIZER INC COM	COM	717081103	274	9,272	SH		SOLE		2,755	0	6,517
COCA COLA CO COM	COM	191216100	543	12,730	SH		SOLE		2,800	0	9,930
AT&T INC	COM	00206R102	1,478	41,953	SH		SOLE		10,515	0	31,438
SPDR S&P 500 ETF TRUST	COM	78462F103	2,481	12,590	SH		SOLE		2,700	0	9,890
BANK OF AMERICA CORP COM	COM	060505104	1,700	99,696	SH		SOLE		24,200	0	75,496
INTEL CORP COM	COM	458140100	4,765	136,843	SH		SOLE		37,615	0	99,228
MERCK & CO INC (NEW)	COM	58933Y105	3,771	63,607	SH		SOLE		17,209	0	46,398
ORACLE CORPORATION	COM	68389x105	247	6,454	SH		SOLE		5,154	0	1,300
BERKSHIRE HATHAWAY INC CL B	COM	084670702	539	3,900	SH		SOLE		0	0	3,900
CITIGROUP INC COM	COM	172967424	1,640	31,639	SH		SOLE		8,325	0	23,314
DISNEY WALT CO COM DISNEY	COM	254687106	1,454	16,333	SH		SOLE		5,162	0	11,171
ROYAL DUTCH SHELL CL A	COM	780259206	213	2,800	SH		SOLE		0	0	2,800
PEPSICO INC COM	COM	713448108	3,103	33,333	SH		SOLE		8,875	0	24,458
VISA INC CLASS A	COM	92826C839	2,698	12,645	SH		SOLE		3,400	0	9,245
SCHLUMBERGER LTD COM	COM	806857108	584	5,743	SH		SOLE		785	0	4,958
CISCO SYS INC COM	COM	17275R102	985	39,150	SH		SOLE		37,700	0	1,450
UNITED TECHNOLOGIES CP COM	COM	913017109	1,360	12,880	SH		SOLE		4,225	0	8,655
MCDONALDS CORP COM	COM	580135101	570	6,015	SH		SOLE		350	0	5,665
CVS HEALTH CORPORATION	COM	126650100	3,321	41,726	SH		SOLE		9,750	0	31,976
ABBVIE INC	COM	00287Y109	1,393	24,113	SH		SOLE		6,025	0	18,088
BOEING CO COM	COM	097023105	347	2,725	SH		SOLE		0	0	2,725
3M CO	COM	88579Y101	22,991	162,276	SH		SOLE		3,515	0	158,761
BRISTOL MYERS SQUIBB COM	COM	110122108	3,301	64,498	SH		SOLE		19,875	0	44,623
US BANCORP	COM	902973304	1,156	27,625	SH		SOLE		10,322	0	17,303
HONEYWELL INTL INC COM	COM	438516106	2,364	25,388	SH		SOLE		6,112	0	19,276
EBAY INC	COM	278642103	1,210	21,370	SH		SOLE		4,050	0	17,320
MORGAN STANLEY	COM	617446448	1,366	39,500	SH		SOLE		10,950	0	28,550
DU PONT E I DE NEMOURS COM	COM	263534109	201	2,800	SH		SOLE		1,000	0	1,800
ABBOTT LABS COM	COM	002824100	1,008	24,238	SH		SOLE		5,025	0	19,213
ISHARES CORE S&P 500 INDEX FUN	COM	464287200	311	1,567	SH		SOLE		0	0	1,567
CATERPILLAR INC	COM	149123101	892	9,010	SH		SOLE		2,650	0	6,360
E M C CORP MASS COM	COM	268648102	1,545	52,793	SH		SOLE		16,247	0	36,546
COLGATE-PALMOLIVE CO	COM	194162103	554	8,500	SH		SOLE		1,500	0	7,000
WALGREEN CO COM	COM	931422109	362	6,100	SH		SOLE		2,700	0	3,400
EOG RES INC COM	COM	26875P101	454	4,580	SH		SOLE		100	0	4,480
ISHARES MSCI EAFE ETF	COM	464287465	1,304	20,335	SH		SOLE		2,000	0	18,335
EXPRESS SCRIPTS HOLDINGS INC	COM	30219G108	204	2,888	SH		SOLE		0	0	2,888
TEVA PHARMACEUTICALS	COM	881624209	2,001	37,231	SH		SOLE		10,450	0	26,781
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	625	14,994	SH		SOLE		1,200	0	13,794
PNC FINANCIAL SERVICES GROUP I	COM	693475105	1,374	16,050	SH		SOLE		4,575	0	11,475
EMERSON ELEC CO COM	COM	291011104	749	11,966	SH		SOLE		2,175	0	9,791
POWERSHARES QQQ NASDAQ 100 ETF	COM	73935A104	209	2,114	SH		SOLE		253	0	1,861
GENERAL DYNAMICS CO	COM	369550108	413	3,247	SH		SOLE		697	0	2,550
NEXTERA ENERGY INC	COM	65339F101	488	5,200	SH		SOLE		900	0	4,300
KIMBERLY CLARK CORP COM	COM	494368103	206	1,912	SH		SOLE		562	0	1,350
TARGET CORP	COM	87612E106	2,119	33,810	SH		SOLE		9,275	0	24,535
COVIDIEN PLC	COM	G2554F113	470	5,430	SH		SOLE		550	0	4,880
ISHARES MSCI EMERGING MKTS INDEX ETF	COM	464287234	373	8,981	SH		SOLE		900	0	8,081
BAXTER INTERNATIONAL INC	COM	071813109	495	6,900	SH		SOLE		1,050	0	5,850
APACHE CORP COM	COM	037411105	1,473	15,694	SH		SOLE		4,928	0	10,766
ECOLAB INC	COM	278865100	2,340	20,375	SH		SOLE		5,350	0	15,025
FREEPORT-MCMORAN INC	COM	35671D857	1,851	56,703	SH		SOLE		15,100	0	41,603
ILLINOIS TOOL WKS INC COM	COM	452308109	522	6,181	SH		SOLE		950	0	5,231
YUM! BRANDS INC	COM	988498101	950	13,199	SH		SOLE		4,200	0	8,999
TRAVELERS COMPANIES INC	COM	89417E109	2,842	30,253	SH		SOLE		4,500	0	25,753
NOKIA CORP -SPON ADR	COM	654902204	94	11,150	SH		SOLE		0	0	11,150
GENERAL MILLS INC	COM	370334104	446	8,842	SH		SOLE		1,600	0	7,242
BAKER HUGHES INC	COM	057224107	919	14,124	SH		SOLE		4,400	0	9,724
AIR PRODUCTS & CHEMICAL	COM	009158106	329	2,525	SH		SOLE		300	0	2,225
PPG INDS INC COM	COM	693506107	271	1,375	SH		SOLE		200	0	1,175
BB&T CORP	COM	054937107	277	7,450	SH		SOLE		650	0	6,800
ALLSTATE CORP COM	COM	020002101	1,209	19,694	SH		SOLE		6,750	0	12,944
MARATHON OIL CORP	COM	565849106	473	12,593	SH		SOLE		1,400	0	11,193
ISHARES RUSSELL 2000 ETF	COM	464287655	256	2,345	SH		SOLE		1,400	0	945
TELUS CORPORATION	COM	87971M103	668	19,550	SH		SOLE		4,000	0	15,550
ISHARES CORE TOTAL US BOND MKT ETF	COM	464287226	734	6,730	SH		SOLE		3,865	0	2,865
ISHARES IBOXX INV GRADE CORP BOND ETF	COM	464287242	3,542	29,968	SH		SOLE		9,500	0	20,468
ZIMMER HOLDINGS INC	COM	98956P102	380	3,775	SH		SOLE		250	0	3,525
WEYERHAEUSER CO COM	COM	962166104	537	16,857	SH		SOLE		2,701	0	14,156
ENCANA CORP	COM	292505104	1,119	52,758	SH		SOLE		15,400	0	37,358
OREILLY AUTOMOTIVE INC NEW	COM	67103H107	947	6,300	SH		SOLE		2,100	0	4,200
XCEL ENERGY INC	COM	98389B100	1,502	49,419	SH		SOLE		13,100	0	36,319
ISHARES TRUST DJ SELECT DIVIDE	COM	464287168	389	5,273	SH		SOLE		0	0	5,273
ONEOK PARTNERS LP	COM	68268N103	308	5,500	SH		SOLE		2,300	0	3,200
HORMEL FOODS CORP COM	COM	440452100	2,703	52,597	SH		SOLE		13,500	0	39,097
SPDR S&P DIVIDEND ETF	COM	78464A763	899	12,000	SH		SOLE		0	0	12,000
BUNGE INC	COM	G16962105	345	4,100	SH		SOLE		1,250	0	2,850
KEYCORP NEW COM	COM	493267108	1,708	128,150	SH		SOLE		27,200	0	100,950
ISHARES BARCLAYS 1-3 YEAR CREDIT BOND ETF	COM	464288646	13,285	126,187	SH		SOLE		28,020	0	98,167
EQUINIX INC	COM	29444U502	1,726	8,125	SH		SOLE		1,750	0	6,375
SKYWORKS SOLUTIONS INC	COM	83088M102	4,335	74,675	SH		SOLE		16,450	0	58,225
ISHARES S&P US PFD STOCK ETF	COM	464288687	2,206	55,822	SH		SOLE		8,050	0	47,772
MALLINCKRODT PLC	COM	G5785G107	1,181	13,100	SH		SOLE		4,450	0	8,650
ISHARES RUSSELL MIDCAP ETF	COM	464287499	395	2,492	SH		SOLE		0	0	2,492
ANNALY CAPITAL MANAGEMENT INC	COM	035710409	158	14,750	SH		SOLE		1,500	0	13,250
C H ROBINSON WORLDWIDE COM	COM	12541W209	373	5,625	SH		SOLE		900	0	4,725
H&R BLOCK INC	COM	093671105	926	29,850	SH		SOLE		8,750	0	21,100
ALCATEL-LUCENT SPONSORED ADR	COM	013904305	57	18,675	SH		SOLE		0	0	18,675
ISHARES BARCLAYS 1-3 YEAR TREAS BOND ETF	COM	464287457	3,067	36,288	SH		SOLE		6,400	0	29,888
HUNTINGTON BANCSHARES INC	COM	446150104	1,654	169,957	SH		SOLE		41,000	0	128,957
INTL FLAVORS & FRAGRANCES	COM	459506101	434	4,525	SH		SOLE		650	0	3,875
RAYMOND JAMES FINANCIAL	COM	754730109	1,790	33,400	SH		SOLE		9,650	0	23,750
MEADWESTVACO CORP	COM	583334107	746	18,229	SH		SOLE		5,350	0	12,879
ISHARES RUSSELL 2000 GROWTH ET	COM	464287648	1,530	11,800	SH		SOLE		7,100	0	4,700
VALSPAR CORP	COM	920355104	423	5,350	SH		SOLE		100	0	5,250
ISHARES BARCLAYS INTERMEDIATE CREDIT ETF	COM	464288638	3,357	30,715	SH		SOLE		3,375	0	27,340
ALLIANT ENERGY CORP	COM	018802108	635	11,467	SH		SOLE		2,450	0	9,017
ZIONS BANCORPORATION	COM	989701107	822	28,275	SH		SOLE		10,850	0	17,425
SVB FINANCIAL GROUP	COM	78486Q101	1,575	14,050	SH		SOLE		3,600	0	10,450
DONALDSON INC COM	COM	257651109	1,783	43,880	SH		SOLE		10,775	0	33,105
MEDNAX INC	COM	58502B106	1,148	20,950	SH		SOLE		6,400	0	14,550
UTILITIES SELECT SECTOR SPDR E	COM	81369Y886	406	9,640	SH		SOLE		0	0	9,640
SM ENERGY CO	COM	78454L100	858	11,000	SH		SOLE		0	0	11,000
INTEGRYS ENERGY GROUP	COM	45822P105	275	4,250	SH		SOLE		1,400	0	2,850
ISHARES MSCI BRAZIL CAPPED ETF	COM	464286400	293	6,738	SH		SOLE		0	0	6,738
ISHARES FLOATING RATE BOND ETF	COM	46429B655	346	6,800	SH		SOLE		4,400	0	2,400
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	1,078	29,060	SH		SOLE		6,625	0	22,435
TIMKEN COMPANY	COM	887389104	230	5,425	SH		SOLE		550	0	4,875
UMPQUA HOLDINGS INC	COM	904214103	1,714	104,075	SH		SOLE		45,350	0	58,725
TECHNE CORP	COM	878377100	407	4,350	SH		SOLE		3,425	0	925
ATMEL CORP	COM	049513104	2,903	359,325	SH		SOLE		156,025	0	203,300
DARLING INGREDIENTS INC	COM	237266101	824	44,980	SH		SOLE		17,400	0	27,580
UNIT CORP	COM	909218109	1,900	32,393	SH		SOLE		11,990	0	20,403
FIRST HORIZON NATIONAL CORP	COM	320517105	2,438	198,563	SH		SOLE		88,750	0	109,813
AMERICAN EAGLE OUTFITTERS	COM	02553E106	2,931	201,875	SH		SOLE		79,850	0	122,025
TCF FINL CORP COM	COM	872275102	835	53,757	SH		SOLE		28,998	0	24,759
CORELOGIC INC	COM	21871D103	278	10,275	SH		SOLE		7,400	0	2,875
POWERSHARES PREFERRED PORTFOLIO	COM	73936T565	580	40,100	SH		SOLE		5,500	0	34,600
DIGITALGLOBE INC	COM	25389M877	3,240	113,672	SH		SOLE		49,411	0	64,261
TRI POINTE HOMES INC	COM	87265h109	195	15,071	SH		SOLE		2,367	0	12,704
HB FULLER	COM	359694106	278	7,000	SH		SOLE		3,600	0	3,400
SNYDER-LANCE INC	COM	833551104	480	18,125	SH		SOLE		13,775	0	4,350
ENTEGRIS INC (DE)	COM	29362U104	1,612	140,200	SH		SOLE		86,700	0	53,500
GENTHERM INC	COM	37253A103	1,405	33,275	SH		SOLE		17,700	0	15,575
AMBARELLA INC	COM	G037AX101	880	20,150	SH		SOLE		14,000	0	6,150
MGE ENERGY INC	COM	55277P104	281	7,543	SH		SOLE		4,615	0	2,928
TELETECH HLDGS INC COM	COM	879939106	1,018	41,400	SH		SOLE		20,150	0	21,250
PIER 1 IMPORTS INC COM	COM	720279108	1,330	111,875	SH		SOLE		47,575	0	64,300
ENERGY XXI (BERMUDA) LTD	COM	G10082140	485	42,775	SH		SOLE		27,800	0	14,975
LIGAND PHARMACEUTICA	COM	53220K504	563	11,975	SH		SOLE		9,475	0	2,500
BENEFICIAL MUTUAL BANCORP	COM	08173R104	448	35,075	SH		SOLE		20,475	0	14,600
EATON VANCE TX MNGD BUY-WRITE	COM	27828Y108	205	13,850	SH		SOLE		0	0	13,850
GULFMARK OFFSHORE INC	COM	402629208	222	7,075	SH		SOLE		4,675	0	2,400
CALAVO GROWERS	COM	128246105	2,756	61,065	SH		SOLE		23,175	0	37,890
AEROVIRONMENT INC	COM	008073108	3,425	113,895	SH		SOLE		46,190	0	67,705
VONAGE HOLDINGS CORP	COM	92886T201	517	157,600	SH		SOLE		113,650	0	43,950
PHYSICIANS REALTY TRUST	COM	71943U104	1,057	77,025	SH		SOLE		46,750	0	30,275
TITAN INTL INC ILL	COM	88830M102	1,475	124,810	SH		SOLE		62,535	0	62,275
SPDR S&P EMERGING MKT SM CAP ETF	COM	78463X756	636	13,260	SH		SOLE		1,400	0	11,860
EATON VANCE SENIOR FLOATING-RATE FUND	COM	27828Q105	991	68,902	SH		SOLE		9,900	0	59,002
PERFICIENT	COM	71375U101	778	51,900	SH		SOLE		35,450	0	16,450
RESOLUTE ENERGY CORP	COM	76116A108	356	56,800	SH		SOLE		42,900	0	13,900
ANGIODYNAMICS INC	COM	03475V101	1,217	88,725	SH		SOLE		55,825	0	32,900
BIOSCRIP INC	COM	09069N108	1,667	241,315	SH		SOLE		119,625	0	121,690
EXTREME NETWORKS INC	COM	30226D106	1,798	375,375	SH		SOLE		159,675	0	215,700
INPHI CORP	COM	45772F107	425	29,575	SH		SOLE		16,300	0	13,275
DEL FRISCO'S RESTAURANT GROUP	COM	245077102	458	23,945	SH		SOLE		12,650	0	11,295
VASCULAR SOLUTIONS INC	COM	92231M109	403	16,325	SH		SOLE		8,000	0	8,325
EXAR CORP	COM	300645108	824	92,050	SH		SOLE		54,432	0	37,618
TRINITY BIOTECH PLC ADR	COM	896438306	475	25,975	SH		SOLE		20,175	0	5,800
STOCK BUILDING SUPPLY HOLDINGS	COM	86101X104	553	35,225	SH		SOLE		25,725	0	9,500
ATRICURE INC	COM	04963C209	291	19,800	SH		SOLE		7,250	0	12,550
FEDERATED NATIONAL HOLDING CO	COM	31422T101	933	33,200	SH		SOLE		20,300	0	12,900
INTERNAP NETWORK SERVICES CORP	COM	45885A300	1,641	237,825	SH		SOLE		139,375	0	98,450
BLUE HILLS BANCORP INC	COM	095573101	560	42,650	SH		SOLE		24,400	0	18,250
WINMARK CORP	COM	974250102	481	6,540	SH		SOLE		800	0	5,740
CHRISTOPHER & BANKS CORP	COM	171046105	438	44,275	SH		SOLE		27,000	0	17,275
CLIFTON BANCORP INC	COM	186873105	1,212	96,275	SH		SOLE		40,200	0	56,075
LIMONEIRA CO	COM	532746104	968	40,850	SH		SOLE		17,500	0	23,350
AMERICAN VANGUARD CORP	COM	030371108	499	44,575	SH		SOLE		33,925	0	10,650
NVE CORP	COM	629445206	310	4,800	SH		SOLE		3,900	0	900
LIONBRIDGE TECHNOLOGIES INC	COM	536252109	712	158,275	SH		SOLE		93,800	0	64,475
BARRETT BUSINESS SVCS INC	COM	068463108	1,294	32,775	SH		SOLE		14,850	0	17,925
RTI SURGICAL INC	COM	74975N105	815	170,544	SH		SOLE		91,644	0	78,900
TELENAV INC	COM	879455103	680	101,550	SH		SOLE		52,600	0	48,950
BOINGO WIRELESS INC	COM	09739C102	1,296	181,765	SH		SOLE		79,225	0	102,540
VITESSE SEMICONDUCTOR COM	COM	928497304	61	17,000	SH		SOLE		0	0	17,000
DATALINK CORP	COM	237934104	707	66,475	SH		SOLE		21,425	0	45,050
PACIFIC PREMIER BANCORP INC	COM	69478X105	717	51,050	SH		SOLE		34,375	0	16,675
DESTINATION XL GROUP INC	COM	25065K104	1,855	392,975	SH		SOLE		207,025	0	185,950
AXCELIS TECHNOLOGIES INC	COM	054540109	1,831	919,875	SH		SOLE		393,950	0	525,925
PROFIRE ENERGY INC	COM	74316x101	338	81,550	SH		SOLE		63,850	0	17,700
VOCERA COMMUNICATIONS INC	COM	92857F107	1,030	127,600	SH		SOLE		61,850	0	65,750
ZIX CORPORATION	COM	98974P100	979	286,375	SH		SOLE		160,575	0	125,800
BEBE STORES INC	COM	075571109	1,451	625,475	SH		SOLE		239,425	0	386,050
SPEED COMM INC	COM	84764T106	423	153,640	SH		SOLE		59,950	0	93,690
VERTEX ENERGY INC	COM	92534K107	604	86,725	SH		SOLE		44,250	0	42,475
MANDALAY DIGITAL GROUP	COM	562562207	1,479	322,875	SH		SOLE		197,750	0	125,125
HEALTH INSURANCE INNOVATIONS I	COM	42225K106	590	54,650	SH		SOLE		32,400	0	22,250
XRS CORP	COM	983845108	181	32,550	SH		SOLE		2,400	0	30,150
ICAD INC	COM	44934S206	2,504	254,225	SH		SOLE		133,625	0	120,600
CUI GLOBAL INC	COM	126576206	1,694	233,946	SH		SOLE		115,950	0	117,996
MITCHAM INDUSTRIES	COM	606501104	271	24,500	SH		SOLE		4,500	0	20,000
DIVERSIFIED RESTAURANT HOLDING	COM	25532M105	98	20,000	SH		SOLE		4,000	0	16,000
MATTERSIGHT CORP	COM	577097108	776	143,400	SH		SOLE		84,625	0	58,775
TEARLAB CORP	COM	878193101	276	81,300	SH		SOLE		60,725	0	20,575
NEOPHOTONICS CORP	COM	64051T100	1,560	465,533	SH		SOLE		205,575	0	259,958
PLANET PAYMENT INC	COM	U72603118	2,012	1,026,625	SH		SOLE		528,550	0	498,075
PERSHING GOLD CORP	COM	715302105	3	10,000	SH		SOLE		0	0	10,000
MEDGENICS INC	COM	58436Q203	104	20,000	SH		SOLE		0	0	20,000
US AUTO PARTS NETWORK	COM	90343C100	739	261,900	SH		SOLE		133,900	0	128,000
SYNERGETICS USA INC	COM	87160G107	1,982	581,200	SH		SOLE		258,400	0	322,800
BANK OF COMMERCE HOLDINGS	COM	06424J103	121	19,650	SH		SOLE		0	0	19,650
CONTRAFECT CORP	COM	212326102	668	173,450	SH		SOLE		80,100	0	93,350
INNODATA INC	COM	457642205	899	294,800	SH		SOLE		134,700	0	160,100
CYBEROPTICS CORP COM	COM	232517102	429	38,200	SH		SOLE		7,300	0	30,900
O2MICRO INTERNATIONAL LTD	COM	67107W100	802	301,570	SH		SOLE		123,800	0	177,770
AMERICAN RIVER BANKSHRS (CA)	COM	029326105	199	21,800	SH		SOLE		0	0	21,800
MITEK SYSTEMS INC	COM	606710200	688	285,334	SH		SOLE		114,070	0	171,264
USA TECHNOLOGIES INC	COM	90328S500	447	248,600	SH		SOLE		176,900	0	71,700
UROPLASTY INC	COM	917277204	55	22,125	SH		SOLE		4,000	0	18,125
NETLIST INC	COM	64118P109	68	56,900	SH		SOLE		0	0	56,900
LIQTECH INTERNATIONAL	COM	53632A102	176	114,500	SH		SOLE		10,000	0	104,500
INTRICON CORP	COM	46121H109	104	17,300	SH		SOLE		0	0	17,300
TRANSGENOMIC INC NEW	COM	89365K305	524	138,994	SH		SOLE		41,514	0	97,480
CACHE INC	COM	127150308	310	367,800	SH		SOLE		212,000	0	155,800
SAJAN INC	COM	79379T202	190	36,818	SH		SOLE		22,300	0	14,518