Denali Advisors 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
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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
1st Source Corporation	COM	336901103	2	50	SH		SOLE		50	0	0
ACE Limited	COM	H0023R105	2,435	21,200	SH		SOLE		14,200	0	7,000
AFLAC Inc.	COM	001055102	31	500	SH		SOLE		500	0	0
Acco Brands Corporation	COM	00081T108	3	300	SH		SOLE		300	0	0
Activision Blizzard, Inc.	COM	00507V109	4,504	223,500	SH		SOLE		69,600	0	153,900
Adamas Pharmaceuticals, Inc.	COM	00548A106	2	100	SH		SOLE		100	0	0
Adams Resources & Energy	COM	006351308	4	86	SH		SOLE		86	0	0
Agco Corporation	COM	001084102	2,802	62,000	SH		SOLE		14,600	0	47,400
Alexanders Inc.	COM	014752109	3	7	SH		SOLE		7	0	0
Alliant Energy Corp.	COM	018802108	1,627	24,500	SH		SOLE		3,200	0	21,300
Amdocs Limited	COM	G02602103	322	6,900	SH		SOLE		4,200	0	2,700
Amerco	COM	023586100	4,918	17,300	SH		SOLE		3,100	0	14,200
American Axle & Manufacturing	COM	024061103	4	162	SH		SOLE		162	0	0
American Financial Group	COM	025932104	4,433	73,000	SH		SOLE		16,000	0	57,000
American Intl Group, Inc.	COM	026874784	2,991	53,400	SH		SOLE		35,600	0	17,800
American Water Works	COM	030420103	1,242	23,300	SH		SOLE		2,400	0	20,900
Amkor Technology Inc	COM	031652100	1	204	SH		SOLE		204	0	0
Annaly Capital Mgmt.	COM	035710409	4,045	374,200	SH		SOLE		102,900	0	271,300
Arch Capital Group Ltd.	COM	G0450A105	6,288	106,400	SH		SOLE		29,600	0	76,800
Arlington Asset Investmnt Corp	COM	041356205	3	100	SH		SOLE		100	0	0
Arrow Electronics Inc	COM	042735100	7,653	132,200	SH		SOLE		43,100	0	89,100
Ascena Retail Group, Inc.	COM	04351G101	114	9,100	SH		SOLE		9,100	0	0
Assurant Inc.	COM	04621X108	4,291	62,700	SH		SOLE		12,800	0	49,900
Atwood Oceanics Inc	COM	050095108	1,728	60,900	SH		SOLE		13,600	0	47,300
AutoNation Inc.	COM	05329W102	4,096	67,800	SH		SOLE		17,600	0	50,200
Autobytel Inc.	COM	05275N205	2	200	SH		SOLE		200	0	0
Avnet Inc	COM	053807103	8,707	202,400	SH		SOLE		67,400	0	135,000
Aware Inc.	COM	05453N100	3	651	SH		SOLE		651	0	0
Axis Capital Holdings Ltd	COM	G0692U109	2,611	51,100	SH		SOLE		11,900	0	39,200
BOK Financial Corp.	COM	05561Q201	3,506	58,400	SH		SOLE		14,200	0	44,200
Baldwin & Lyons cl B	COM	057755209	3	100	SH		SOLE		100	0	0
BancFirst Corp OK	COM	05945F103	3	53	SH		SOLE		53	0	0
Bassett Furniture Industries	COM	070203104	2	82	SH		SOLE		82	0	0
Beasley Broadcast Group Inc.	COM	074014101	1	100	SH		SOLE		100	0	0
Booz Allen Hamilton cl A	COM	099502106	4,359	164,300	SH		SOLE		53,000	0	111,300
Bridgepoint Education, Inc.	COM	10807M105	1	121	SH		SOLE		121	0	0
Brooks Automation Inc	COM	114340102	1	69	SH		SOLE		69	0	0
Brunswick Corporation	COM	117043109	820	16,000	SH		SOLE		6,900	0	9,100
Buckle Inc.	COM	118440106	2	47	SH		SOLE		47	0	0
CA, Inc.	COM	12673P105	11,300	371,100	SH		SOLE		122,700	0	248,400
CAI International, Inc.	COM	12477X106	7	301	SH		SOLE		301	0	0
CBRE Group Inc.	COM	12504L109	1,884	55,000	SH		SOLE		9,600	0	45,400
CDW Corporation	COM	12514G108	172	4,900	SH		SOLE		2,900	0	2,000
CIGNA Corporation	COM	125509109	4,569	44,400	SH		SOLE		17,900	0	26,500
CNA Financial Corporation	COM	126117100	5,508	142,300	SH		SOLE		41,300	0	101,000
CSS Industries Inc.	COM	125906107	2	62	SH		SOLE		62	0	0
CVR Energy, Inc.	COM	12662P108	1,374	35,500	SH		SOLE		8,500	0	27,000
Cal-Maine Foods Inc.	COM	128030202	711	18,216	SH		SOLE		2,216	0	16,000
Campbell Soup Company	COM	134429109	915	20,800	SH		SOLE		2,600	0	18,200
Carnival Corp	COM	143658300	122	2,700	SH		SOLE		2,700	0	0
Celanese Corp.	COM	150870103	4,041	67,400	SH		SOLE		24,300	0	43,100
Central Pacific Financial Corp	COM	154760102	3	117	SH		SOLE		117	0	0
Century Bancorp cl A	COM	156432106	4	100	SH		SOLE		100	0	0
Chevron Corp	COM	166764100	4,925	43,900	SH		SOLE		29,800	0	14,100
Citizens & Northern Corp	COM	172922106	2	100	SH		SOLE		100	0	0
Commercial Vehicle Group	COM	202608105	1	100	SH		SOLE		100	0	0
Consumer Portfolio Services	COM	210502100	6	750	SH		SOLE		750	0	0
Corrections Corp of America	COM	22025Y407	134	3,700	SH		SOLE		3,700	0	0
Crawford & Co cl A	COM	224633206	6	700	SH		SOLE		700	0	0
Credit Acceptance Corp	COM	225310101	2	14	SH		SOLE		14	0	0
Crown Holdings, Inc.	COM	228368106	117	2,300	SH		SOLE		2,300	0	0
Crown Media Holdings Inc.	COM	228411104	1	400	SH		SOLE		400	0	0
Culp Inc.	COM	230215105	2	100	SH		SOLE		100	0	0
DST Systems Inc.	COM	233326107	5,018	53,300	SH		SOLE		13,800	0	39,500
DTE Energy Company	COM	233331107	924	10,700	SH		SOLE		200	0	10,500
Delta Air Lines, Inc.	COM	247361702	3,345	68,000	SH		SOLE		46,100	0	21,900
Dillards Inc cl A	COM	254067101	3,267	26,100	SH		SOLE		5,300	0	20,800
Discover Financial Services	COM	254709108	2,233	34,100	SH		SOLE		22,700	0	11,400
Donegal Group Inc. cl A	COM	257701201	2	135	SH		SOLE		135	0	0
Dover Corporation	COM	260003108	57	800	SH		SOLE		800	0	0
Dynex Capital Inc.	COM	26817Q506	2	239	SH		SOLE		239	0	0
EMC Insurance Group	COM	268664109	4	100	SH		SOLE		100	0	0
Electro Rent Corp	COM	285218103	2	123	SH		SOLE		123	0	0
Emmis Communications Inc	COM	291525103	1	600	SH		SOLE		600	0	0
Empire District Electric Co.	COM	291641108	1	26	SH		SOLE		26	0	0
Ennis Inc	COM	293389102	0	30	SH		SOLE		30	0	0
Enstar Group Limited	COM	G3075P101	2	10	SH		SOLE		10	0	0
Entercom Communications	COM	293639100	3	269	SH		SOLE		269	0	0
Entergy Corp	COM	29364G103	4,409	50,400	SH		SOLE		11,000	0	39,400
Enterprise Financial Services	COM	293712105	4	200	SH		SOLE		200	0	0
Everest Re Group Ltd	COM	G3223R108	6,829	40,100	SH		SOLE		11,200	0	28,900
Exelis Inc.	COM	30162A108	1,867	106,500	SH		SOLE		20,100	0	86,400
Exxon Mobil Corporation	COM	30231G102	6,582	71,200	SH		SOLE		48,300	0	22,900
FBL Financial Group cl A	COM	30239F106	1	16	SH		SOLE		16	0	0
Fifth Third Bancorp	COM	316773100	8,555	419,900	SH		SOLE		128,900	0	291,000
Financial Institutions Inc.	COM	317585404	3	100	SH		SOLE		100	0	0
First Citizens Bancshares cl A	COM	31946M103	2	7	SH		SOLE		7	0	0
First Defiance Financial	COM	32006W106	2	67	SH		SOLE		67	0	0
First Financial Corp (IN)	COM	320218100	4	100	SH		SOLE		100	0	0
First Interstate BancSystem A	COM	32055Y201	3	111	SH		SOLE		111	0	0
First Republic Bank	COM	33616C100	646	12,400	SH		SOLE		0	0	12,400
Five Star Quality Care	COM	33832D106	3	723	SH		SOLE		723	0	0
Flowserve Corporation	COM	34354P105	365	6,100	SH		SOLE		1,500	0	4,600
Ford Motor Company	COM	345370860	2,956	190,700	SH		SOLE		129,500	0	61,200
Fresh Del Monte Produce	COM	G36738105	1	42	SH		SOLE		42	0	0
GAMCO Investors, Inc.	COM	361438104	3	38	SH		SOLE		38	0	0
Gannett Co. Inc.	COM	364730101	3,222	100,900	SH		SOLE		30,000	0	70,900
General Electric Co	COM	369604103	450	17,800	SH		SOLE		12,000	0	5,800
Global Sources Ltd.	COM	G39300101	3	425	SH		SOLE		425	0	0
Great Southern Bancorp	COM	390905107	5	116	SH		SOLE		116	0	0
HCA Holdings Inc.	COM	40412C101	2,209	30,100	SH		SOLE		9,800	0	20,300
Hallador Energy Company	COM	406092304	4	331	SH		SOLE		331	0	0
Handy & Harman Ltd.	COM	410315105	9	200	SH		SOLE		200	0	0
Harris Corporation	COM	413875105	768	10,700	SH		SOLE		3,300	0	7,400
Hawaiian Telcom Holdco, Inc.	COM	420031106	5	188	SH		SOLE		188	0	0
Heartland Financial USA	COM	42234Q102	4	149	SH		SOLE		149	0	0
Henry Schein Inc.	COM	806407102	1,021	7,500	SH		SOLE		5,600	0	1,900
Homestreet Inc	COM	43785V102	4	231	SH		SOLE		231	0	0
Horace Mann Educators	COM	440327104	3	85	SH		SOLE		85	0	0
Hormel Foods Corp	COM	440452100	1,183	22,700	SH		SOLE		20,000	0	2,700
Humana Inc.	COM	444859102	3,749	26,100	SH		SOLE		9,400	0	16,700
Huntington Bancshares, Inc.	COM	446150104	96	9,100	SH		SOLE		9,100	0	0
Hyster-Yale Materials Handling	COM	449172105	3	40	SH		SOLE		40	0	0
IBM Corp	COM	459200101	2,824	17,600	SH		SOLE		12,000	0	5,600
IDT Corp Class B	COM	448947507	1	49	SH		SOLE		49	0	0
Illinois Tool Works Inc.	COM	452308109	275	2,900	SH		SOLE		2,900	0	0
Independence Holding Co.	COM	453440307	2	160	SH		SOLE		160	0	0
Ingles Markets cl A	COM	457030104	2	45	SH		SOLE		45	0	0
Ingram Micro Inc.	COM	457153104	1,501	54,300	SH		SOLE		8,000	0	46,300
Ingredion Incorporated	COM	457187102	2,927	34,500	SH		SOLE		3,900	0	30,600
Insight Enterprises, Inc.	COM	45765U103	3	120	SH		SOLE		120	0	0
Integrys Energy Group	COM	45822P105	6,757	86,800	SH		SOLE		16,600	0	70,200
Intelsat S.A.	COM	L5140P101	122	7,000	SH		SOLE		0	0	7,000
Inter Tel Inc.	COM	458372109	2	100	SH		SOLE		100	0	0
International Bancshares	COM	459044103	3	116	SH		SOLE		116	0	0
Interval Leisure Group	COM	46113M108	2	86	SH		SOLE		86	0	0
JPMorgan Chase & Co	COM	46625H100	4,950	79,100	SH		SOLE		54,000	0	25,100
Jabil Circuit Inc.	COM	466313103	1,166	53,400	SH		SOLE		9,900	0	43,500
John B Sanfilippo & Son Inc.	COM	800422107	4	94	SH		SOLE		94	0	0
Johnson Outdoors Inc.	COM	479167108	6	192	SH		SOLE		192	0	0
Jones Lang LaSalle Inc	COM	48020Q107	9,056	60,400	SH		SOLE		15,800	0	44,600
Kansas City Life Insurance	COM	484836101	3	67	SH		SOLE		67	0	0
Kemper Corp	COM	488401100	1	27	SH		SOLE		27	0	0
Key Tronic Corp	COM	493144109	1	100	SH		SOLE		100	0	0
Kohl's Corporation	COM	500255104	336	5,500	SH		SOLE		1,400	0	4,100
Kraft Foods Group Inc	COM	50076Q106	977	15,600	SH		SOLE		9,500	0	6,100
L-3 Communications	COM	502424104	3,913	31,000	SH		SOLE		6,900	0	24,100
Laboratory Corp of America	COM	50540R409	183	1,700	SH		SOLE		1,700	0	0
Lear Corporation	COM	521865204	10,455	106,600	SH		SOLE		34,200	0	72,400
Maiden Holdings Ltd.	COM	G5753U112	3	232	SH		SOLE		232	0	0
Mainsource Financial Grp	COM	56062Y102	4	200	SH		SOLE		200	0	0
Manpower Inc.	COM	56418H100	1,098	16,100	SH		SOLE		1,800	0	14,300
Marcus Corporation	COM	566330106	1	52	SH		SOLE		52	0	0
Mercantile Bank Corp	COM	587376104	4	180	SH		SOLE		180	0	0
Mueller Industries, Inc.	COM	624756102	2	46	SH		SOLE		46	0	0
NACCO Industries Inc A	COM	629579103	6	108	SH		SOLE		108	0	0
Nabors Industries Ltd.	COM	G6359F103	421	32,400	SH		SOLE		7,400	0	25,000
National Beverage Corp	COM	635017106	2	109	SH		SOLE		109	0	0
National Healthcare Corp	COM	635906100	3	44	SH		SOLE		44	0	0
National Western Life Insuranc	COM	638522102	2	6	SH		SOLE		6	0	0
Nature's Sunshine Products	COM	639027101	2	142	SH		SOLE		142	0	0
Navient Corporation	COM	63938C108	3,280	151,800	SH		SOLE		38,200	0	113,600
Navigators Group Inc	COM	638904102	1	13	SH		SOLE		13	0	0
Nelnet Inc	COM	64031N108	1,351	29,170	SH		SOLE		6,270	0	22,900
New Media Investment Group	COM	64704V106	2	100	SH		SOLE		100	0	0
Northrop Grumman Corp	COM	666807102	3,272	22,200	SH		SOLE		15,100	0	7,100
Nutraceutical Int'l Corp	COM	67060Y101	3	129	SH		SOLE		129	0	0
OceanFirst Financial	COM	675234108	2	126	SH		SOLE		126	0	0
One Liberty Properties Inc.	COM	682406103	2	100	SH		SOLE		100	0	0
Onebeacon Insurance Grp	COM	G67742109	3	187	SH		SOLE		187	0	0
PBF Energy Inc cl A	COM	69318G106	6,442	241,800	SH		SOLE		65,300	0	176,500
PC Connection, Inc.	COM	69318J100	7	304	SH		SOLE		304	0	0
PCM, Inc.	COM	69323K100	2	200	SH		SOLE		200	0	0
PDL BioPharma, Inc.	COM	69329Y104	6,151	797,830	SH		SOLE		237,030	0	560,800
PHI, Inc. Non-Voting	COM	69336T205	2	49	SH		SOLE		49	0	0
PPL Corp	COM	69351T106	269	7,400	SH		SOLE		7,400	0	0
Park National Corp OH	COM	700658107	4	40	SH		SOLE		40	0	0
PartnerRe Ltd.	COM	G6852T105	8,708	76,300	SH		SOLE		29,900	0	46,400
Patrick Industries Inc.	COM	703343103	3	61	SH		SOLE		61	0	0
Patterson Companies Inc	COM	703395103	183	3,800	SH		SOLE		1,700	0	2,100
Penske Automotive Group	COM	70959W103	4,083	83,200	SH		SOLE		21,300	0	61,900
Pilgrims Pride Corp	COM	72147K108	6,509	198,500	SH		SOLE		66,300	0	132,200
Pitney Bowes Inc.	COM	724479100	656	26,900	SH		SOLE		7,700	0	19,200
Preformed Line Products	COM	740444104	3	53	SH		SOLE		53	0	0
Principal Financial Group	COM	74251V102	4,353	83,800	SH		SOLE		19,600	0	64,200
Provident Financial Services	COM	74386T105	1	37	SH		SOLE		37	0	0
Public Service Enterprise Grp	COM	744573106	1,586	38,300	SH		SOLE		9,700	0	28,600
QCR Holdings, Inc.	COM	74727A104	2	100	SH		SOLE		100	0	0
Quad/Graphics, Inc. cl A	COM	747301109	110	4,800	SH		SOLE		0	0	4,800
Quintiles Transnation	COM	74876Y101	8,513	144,600	SH		SOLE		40,200	0	104,400
RPC Inc.	COM	749660106	42	3,200	SH		SOLE		3,200	0	0
Rayonier Inc.	COM	754907103	1,109	39,700	SH		SOLE		5,800	0	33,900
Raytheon Company	COM	755111507	811	7,500	SH		SOLE		4,800	0	2,700
Reinsurance Group of America	COM	759351604	10,786	123,100	SH		SOLE		38,000	0	85,100
Renewable Energy Grp Inc	COM	75972A301	2	200	SH		SOLE		200	0	0
Republic Bancorp KY	COM	760281204	3	138	SH		SOLE		138	0	0
Reynolds American Inc	COM	761713106	2,436	37,900	SH		SOLE		25,600	0	12,300
Rockwell Collins Inc	COM	774341101	507	6,000	SH		SOLE		2,600	0	3,400
Ryder System Inc.	COM	783549108	3,445	37,100	SH		SOLE		6,900	0	30,200
SL Industries, Inc.	COM	784413106	2	50	SH		SOLE		50	0	0
Sanderson Farms Inc.	COM	800013104	4,218	50,200	SH		SOLE		14,700	0	35,500
Saul Centers Inc.	COM	804395101	226	3,955	SH		SOLE		1,155	0	2,800
Scana Corporation	COM	80589M102	2,694	44,600	SH		SOLE		22,000	0	22,600
SciClone Pharmaceuticals	COM	80862K104	1	135	SH		SOLE		135	0	0
Seadrill Limited	COM	G7945E105	1,764	147,700	SH		SOLE		27,200	0	120,500
Select Medical Holdings Corp	COM	81619Q105	3	207	SH		SOLE		207	0	0
Seneca Foods cl A	COM	817070501	2	65	SH		SOLE		65	0	0
ServisFirst Bancshares, Inc.	COM	81768T108	2	66	SH		SOLE		66	0	0
Sirva Inc	COM	82967Y104	1	59	SH		SOLE		59	0	0
Southern Copper Corp.	COM	84265V105	2,214	78,500	SH		SOLE		52,900	0	25,600
Span-America Medical	COM	846396109	2	100	SH		SOLE		100	0	0
St. Joe Company	COM	790148100	1,164	63,300	SH		SOLE		13,400	0	49,900
Stag Industrial Inc.	COM	85254J102	1,066	43,500	SH		SOLE		10,500	0	33,000
Standard Pacific Corp	COM	85375C101	2	336	SH		SOLE		336	0	0
Starz Series A Liberty Capital	COM	85571Q102	3,867	130,200	SH		SOLE		34,900	0	95,300
Stepan Company	COM	858586100	3	64	SH		SOLE		64	0	0
Strategic Hotels & Resorts	COM	86272T106	4,775	360,900	SH		SOLE		82,700	0	278,200
SunTrust Banks, Inc.	COM	867914103	9,800	233,900	SH		SOLE		60,500	0	173,400
Symetra Financial Corp	COM	87151Q106	2	105	SH		SOLE		105	0	0
Synnex Corp	COM	87162W100	399	5,100	SH		SOLE		0	0	5,100
Syntel Inc.	COM	87162H103	3	68	SH		SOLE		68	0	0
TESSCO Technologies, Inc.	COM	872386107	3	100	SH		SOLE		100	0	0
TRC Companies Inc.	COM	872625108	3	542	SH		SOLE		542	0	0
Taubman Centers Inc.	COM	876664103	176	2,300	SH		SOLE		1,600	0	700
TeleTech Holdings Inc	COM	879939106	3	114	SH		SOLE		114	0	0
Textainer Group Hldgs Ltd.	COM	G8766E109	2	69	SH		SOLE		69	0	0
The Babcock & Wilcox Co	COM	05615F102	1,342	44,300	SH		SOLE		7,200	0	37,100
Third Point Reinsurance Ltd.	COM	G8827U100	3	200	SH		SOLE		200	0	0
Tilly's, Inc.	COM	886885102	5	500	SH		SOLE		500	0	0
Timken Company	COM	887389104	2,680	62,800	SH		SOLE		13,600	0	49,200
Towne Bank	COM	89214P109	4	258	SH		SOLE		258	0	0
Trans World Entertainment	COM	89336Q100	2	500	SH		SOLE		500	0	0
Trinity Industries, Inc.	COM	896522109	1,106	39,500	SH		SOLE		8,800	0	30,700
Triple-S Management Corp	COM	896749108	5	200	SH		SOLE		200	0	0
Tyson Foods Inc	COM	902494103	2,093	52,200	SH		SOLE		10,200	0	42,000
UFP Technologies, Inc.	COM	902673102	2	66	SH		SOLE		66	0	0
United States Lime & Minerals	COM	911922102	1	13	SH		SOLE		13	0	0
United Stationers, Inc.	COM	913004107	2	49	SH		SOLE		49	0	0
Universal Corporation	COM	913456109	1	28	SH		SOLE		28	0	0
Universal Health Services	COM	913903100	45	400	SH		SOLE		400	0	0
Universal Truckload Services	COM	91388P105	1	50	SH		SOLE		50	0	0
VSE Corporation	COM	918284100	2	26	SH		SOLE		26	0	0
Village Super Market	COM	927107409	5	172	SH		SOLE		172	0	0
Visteon Corp	COM	92839U206	2,137	20,000	SH		SOLE		4,600	0	15,400
Vonage Holdings Corp.	COM	92886T201	2	563	SH		SOLE		563	0	0
W&T Offshore Inc.	COM	92922P106	1	87	SH		SOLE		87	0	0
Wal-Mart Stores, Inc.	COM	931142103	3,968	46,200	SH		SOLE		31,300	0	14,900
Walker & Dunlop, Inc.	COM	93148P102	2	137	SH		SOLE		137	0	0
Washington Trust Bancorp	COM	940610108	4	100	SH		SOLE		100	0	0
Wayside Technology Group	COM	946760105	2	100	SH		SOLE		100	0	0
Weis Markets Inc.	COM	948849104	3	55	SH		SOLE		55	0	0
West Corporation	COM	952355204	3	96	SH		SOLE		96	0	0
Western Refining, Inc.	COM	959319104	4,023	106,476	SH		SOLE		38,176	0	68,300
Western Union	COM	959802109	2,284	127,500	SH		SOLE		28,500	0	99,000
Westlake Chemical Corp	COM	960413102	3,965	64,900	SH		SOLE		20,500	0	44,400
Weyco Group Inc.	COM	962149100	2	63	SH		SOLE		63	0	0
World Acceptance Corp	COM	981419104	1,287	16,200	SH		SOLE		5,000	0	11,200
Xcel Energy Inc	COM	98389B100	3,725	103,700	SH		SOLE		50,000	0	53,700
Xerox Corporation	COM	984121103	1,821	131,400	SH		SOLE		85,200	0	46,200
ZAIS Financial Corp.	COM	98886K108	2	100	SH		SOLE		100	0	0
ePlus Inc.	COM	294268107	7	94	SH		SOLE		94	0	0