Skylands 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
COVIDIEN PLC	SHS	G2554F113	21,161	234,650	SH		SOLE		214,650	0	20,000
EATON CORP PLC	SHS	G29183103	4,206	54,500	SH		SOLE		54,500	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	736	9,200	SH		SOLE		9,200	0	0
NOBLE CORP PLC	SHS USD	G65431101	1,116	33,250	SH		SOLE		33,250	0	0
FRANKS INTL N V	COM	N33462107	2,542	103,350	SH		SOLE		73,350	0	30,000
LYONDELLBASELL INDUSTRIES	SHS A	N53745100	1,147	11,750	SH		SOLE		11,750	0	0
SENSATA TECHNOLOGIES HLDG BV	SHS	N7902X106	12,801	273,650	SH		SOLE		243,650	0	30,000
AAR CORP	COM	000361105	292	10,600	SH		SOLE		10,600	0	0
ACCO BRANDS INC	COM	00081T108	4	600	SH		SOLE		600	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	1,218	21,200	SH		SOLE		21,200	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	935	3,325	SH		SOLE		3,325	0	0
ALLISON TRANSMISSION HLDGS INC	COM	01973R101	1,421	45,700	SH		SOLE		15,700	0	30,000
AMERCO	COM	023586100	16,203	55,725	SH		SOLE		45,725	0	10,000
AMERICAN TOWER CORP NEW	COM	03027X100	19,368	215,250	SH		SOLE		152,750	0	62,500
AMETEK INC	COM	031100100	47	900	SH		SOLE		900	0	0
ANADARKO PETROLEUM CORP	COM	032511107	457	4,175	SH		SOLE		4,175	0	0
APACHE CORP	COM	037411105	4,875	48,450	SH		SOLE		48,450	0	0
APPLE INC	COM	037833100	39,327	423,185	SH		SOLE		318,185	0	105,000
ARIAD PHARMACEUTICALS INC	COM	04033A100	1,080	169,500	SH		SOLE		169,500	0	0
ARMSTRONG WORLD INDS	COM	04247X102	2,969	51,700	SH		SOLE		51,700	0	0
ASSOCIATED BANC CORP	COM	045487105	759	42,000	SH		SOLE		42,000	0	0
ASTRONICS CORP	COM	046433108	2,422	42,900	SH		SOLE		42,900	0	0
ATRICURE INC	COM	04963C209	1,742	95,000	SH		SOLE		0	0	95,000
AVIS BUDGET GROUP	COM	053774105	397	6,650	SH		SOLE		6,650	0	0
AVNET INC	COM	053807103	2,712	61,200	SH		SOLE		61,200	0	0
BANK OF THE OZARKS	COM	063904106	1,592	47,600	SH		SOLE		47,600	0	0
BANKUNITED INC	COM	06652K103	3,969	118,550	SH		SOLE		118,550	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	4,511	136,200	SH		SOLE		136,200	0	0
BED BATH & BEYOND INC	COM	075896100	6,705	116,850	SH		SOLE		116,850	0	0
BLACKROCK INC	COM	09247X101	2,557	8,000	SH		SOLE		0	0	8,000
BRUNSWICK CORP	COM	117043109	1,616	38,350	SH		SOLE		38,350	0	0
CSX CORP	COM	126408103	12,777	414,690	SH		SOLE		414,690	0	0
CVS CAREMARK CORP	COM	126650100	2,397	31,800	SH		SOLE		31,800	0	0
CAMERON INTL CORP	COM	13342B105	2,431	35,900	SH		SOLE		35,900	0	0
CAPITOL ACQUISITION CORP II	UNIT	14056V204	283	27,096	SH		SOLE		27,096	0	0
CAPITOL FEDERAL FINANCIAL INC	COM	14057J101	2,316	190,500	SH		SOLE		190,500	0	0
CARMIKE CINEMAS INC	COM	143436400	3,599	102,450	SH		SOLE		102,450	0	0
CARRIAGE SVCS INC	COM	143905107	385	22,500	SH		SOLE		22,500	0	0
CASELLA WASTE SYSTEMS INC	CL A	147448104	2,521	503,212	SH		SOLE		503,212	0	0
CASTLE AM & CO	COM	148411101	3,010	272,636	SH		SOLE		202,636	0	70,000
CELGENE CORP	COM	151020104	1,580	18,400	SH		SOLE		18,400	0	0
CELLULAR DYNAMICS INTL INC	COM	15117V109	901	61,847	SH		SOLE		16,847	0	45,000
CEVA INC	COM	157210105	1,504	101,800	SH		SOLE		31,800	0	70,000
CHART INDUSTRIES INC	COM	16115Q308	1,595	19,275	SH		SOLE		19,275	0	0
CHEFS WAREHOUSE INC	COM	163086101	1,196	60,500	SH		SOLE		60,500	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	1,049	33,750	SH		SOLE		18,750	0	15,000
CHUYS HLDGS INC	COM	171604101	4,692	129,250	SH		SOLE		54,250	0	75,000
CINEMARK HOLDINGS	COM	17243V102	39	1,100	SH		SOLE		1,100	0	0
CISCO SYSTEMS INC	COM	17275R102	5,161	207,700	SH		SOLE		207,700	0	0
CLEAN HARBORS INC	COM	184496107	546	8,500	SH		SOLE		8,500	0	0
COGENT COMMUNICATIONS	COM	19239V302	11,845	342,850	SH		SOLE		262,850	0	80,000
COHERENT INC	COM	192479103	3,282	49,600	SH		SOLE		49,600	0	0
COLUMBIA BKG SYS INC	COM	197236102	2,376	90,300	SH		SOLE		90,300	0	0
COMFORT SYS USA INC	COM	199908104	735	46,500	SH		SOLE		46,500	0	0
CONCHO RES INC	COM	20605P101	788	5,450	SH		SOLE		5,450	0	0
CONNS INC	COM	208242107	2,334	47,250	SH		SOLE		47,250	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	3,040	34,500	SH		SOLE		34,500	0	0
CONTINENTAL RESOURCES INC	COM	212015101	778	4,925	SH		SOLE		4,925	0	0
CONTROL4 CORP	COM	21240D107	614	31,400	SH		SOLE		31,400	0	0
CORE MARK HOLDINGS CO INC	COM	218681104	8,341	182,800	SH		SOLE		182,800	0	0
CORNING INC	COM	219350105	2,184	99,500	SH		SOLE		99,500	0	0
COVENANT TRANSN GROUP INC	CL A	22284P105	182	14,100	SH		SOLE		14,100	0	0
CROWN CASTLE INTL CORP	COM	228227104	73,547	990,400	SH		SOLE		860,400	0	130,000
CROWN HOLDINGS INC	COM	228368106	1,398	28,100	SH		SOLE		28,100	0	0
CT PARTNERS EXECUTIVE SEARCH	COM	22945C105	554	59,289	SH		SOLE		59,289	0	0
CUMMINS INC	COM	231021106	1,462	9,475	SH		SOLE		9,475	0	0
CUMULUS MEDIA INC	CL A	231082108	229	34,805	SH		SOLE		34,805	0	0
DXP ENTERPRISES INC NEW	COM	233377407	1,853	24,525	SH		SOLE		24,525	0	0
DARLING INGREDIENTS INC	COM	237266101	3,463	165,700	SH		SOLE		165,700	0	0
DEERE & CO	COM	244199105	2,673	29,525	SH		SOLE		29,525	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	414	10,700	SH		SOLE		10,700	0	0
DENBURY RESOURCES INC	COM	247916208	4,265	231,050	SH		SOLE		231,050	0	0
DENNYS CORP	COM	24869P104	2,705	414,900	SH		SOLE		414,900	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,051	25,829	SH		SOLE		25,829	0	0
DIAMOND OFFSHORE DRILLING INC	COM	25271C102	82	1,650	SH		SOLE		1,650	0	0
DIGITALGLOBE INC	COM NEW	25389M877	2,127	76,500	SH		SOLE		76,500	0	0
DONNELLEY R R & SONS CO	COM	257867101	2,740	161,579	SH		SOLE		161,579	0	0
DRESSER RAND GROUP INC	COM	261608103	1,431	22,450	SH		SOLE		22,450	0	0
EMC CORP MASS	COM	268648102	8,906	338,100	SH		SOLE		338,100	0	0
ECOLAB INC	COM	278865100	3,090	27,750	SH		SOLE		27,750	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	9	100	SH		SOLE		100	0	0
ENCANA CORP	COM	292505104	236	10,000	SH		SOLE		10,000	0	0
ENERSYS INC	COM	29275Y102	6,389	92,875	SH		SOLE		92,875	0	0
ENSERVCO CORP	COM	29358Y102	128	49,050	SH		SOLE		49,050	0	0
EXACT SCIENCES CORP	COM	30063P105	5,870	344,700	SH		SOLE		274,700	0	70,000
EXONE CO	COM	302104104	1,270	32,050	SH		SOLE		32,050	0	0
FEI CO	COM	30241L109	1,452	16,000	SH		SOLE		8,500	0	7,500
FMC CORP	COM NEW	302491303	2,991	42,015	SH		SOLE		42,015	0	0
FTD COS INC	COM	30267U108	2,174	68,400	SH		SOLE		68,400	0	0
FARO TECHNOLOGIES INC	COM	311642102	2,849	58,000	SH		SOLE		35,500	0	22,500
FLOTEK INDUSTRIES INC	COM	343389102	8,371	260,300	SH		SOLE		260,300	0	0
FOSTER L B CO	COM	350060109	714	13,200	SH		SOLE		13,200	0	0
FOX FACTORY HLDG CORP	COM	35138V102	5,267	299,450	SH		SOLE		199,450	0	100,000
GATX CORP	COM	361448103	16,404	245,050	SH		SOLE		225,050	0	20,000
GSI GROUP INC	COM NEW	36191C205	3,272	257,000	SH		SOLE		257,000	0	0
GENERAL MOTORS CO	COM	37045V100	29,790	820,650	SH		SOLE		775,650	0	45,000
GLOBAL BRASS & COPPR HLDGS INC	COM	37953G103	2,095	123,949	SH		SOLE		123,949	0	0
GRAINGER WW INC	COM	384802104	2,838	11,160	SH		SOLE		11,160	0	0
GREENBRIER COMPANIES INC	COM	393657101	576	10,000	SH		SOLE		10,000	0	0
GRIFFON CORP	COM	398433102	316	25,500	SH		SOLE		25,500	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	1,796	21,300	SH		SOLE		11,300	0	10,000
HALLIBURTON CO	COM	406216101	12,910	181,800	SH		SOLE		181,800	0	0
HARLEY DAVIDSON INC	COM	412822108	84	1,200	SH		SOLE		1,200	0	0
HEWLETT PACKARD CO	COM	428236103	9,503	282,150	SH		SOLE		282,150	0	0
HIBBETT SPORTS INC	COM	428567101	271	5,000	SH		SOLE		5,000	0	0
HILL INTERNATIONAL INC	COM	431466101	1,218	195,500	SH		SOLE		195,500	0	0
HOLOGIC INC	COM	436440101	816	32,200	SH		SOLE		32,200	0	0
HOME BANCSHARES INC	COM	436893200	3,054	93,050	SH		SOLE		93,050	0	0
HOME DEPOT INC	COM	437076102	1,429	17,650	SH		SOLE		17,650	0	0
HUB GROUP INC	CL A	443320106	801	15,900	SH		SOLE		15,900	0	0
HUDSON TECHNOLOGIES INC	COM	444144109	441	152,514	SH		SOLE		152,514	0	0
HUNT J B TRANS SVCS INC	COM	445658107	2,254	30,550	SH		SOLE		30,550	0	0
IPG PHOTONICS CORP	COM	44980X109	1,968	28,600	SH		SOLE		16,100	0	12,500
ITT EDUCATIONAL SERVICES INC	COM	45068B109	5,645	338,250	SH		SOLE		298,250	0	40,000
IBERIABANK CORP	COM	450828108	1,834	26,500	SH		SOLE		26,500	0	0
IDEXX LABS INC	COM	45168D104	668	5,000	SH		SOLE		0	0	5,000
IGNITE RESTAURANT GROUP INC	COM	451730105	8,879	609,843	SH		SOLE		484,843	0	125,000
IHS INC	CL A	451734107	1,228	9,050	SH		SOLE		9,050	0	0
INGRAM MICRO INC	CL A	457153104	406	13,900	SH		SOLE		13,900	0	0
INTEL CORP	COM	458140100	1,489	48,200	SH		SOLE		48,200	0	0
INTL BUSINESS MACHS CORP	COM	459200101	1,284	7,085	SH		SOLE		7,085	0	0
INTRALINKS HOLDINGS INC	COM	46118H104	3,020	339,700	SH		SOLE		339,700	0	0
IRIDIUM COMMUNICATIONS INC	COM	46269C102	3,574	422,400	SH		SOLE		422,400	0	0
ISHARES	MSCI JAPAN ETF	464286848	7,051	585,650	SH		SOLE		585,650	0	0
ISHARES	RUSSELL 2000 ETF	464287655	345	2,900	SH		SOLE		2,900	0	0
JDS UNIPHASE CORP	COM PAR $0.001	46612J507	2,550	204,500	SH		SOLE		119,500	0	85,000
JP MORGAN CHASE & CO	COM	46625H100	12,740	221,100	SH		SOLE		221,100	0	0
JTH HOLDING INC	CL A	46637N103	3,465	104,025	SH		SOLE		104,025	0	0
JARDEN CORP	COM	471109108	507	8,550	SH		SOLE		8,550	0	0
JOHNSON CTLS INC	COM	478366107	259	5,182	SH		SOLE		5,182	0	0
KBR INC	COM	48242W106	241	10,100	SH		SOLE		10,100	0	0
KAMAN CORP	COM	483548103	1,547	36,200	SH		SOLE		36,200	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	1,129	10,500	SH		SOLE		10,500	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	13,482	502,700	SH		SOLE		402,700	0	100,000
KNOWLES CORP	COM	49926D109	978	31,800	SH		SOLE		31,800	0	0
KONA GRILL INC	COM	50047H201	4,648	239,450	SH		SOLE		239,450	0	0
KRISPY KREME DOUGHNUTS INC	COM	501014104	1,240	77,600	SH		SOLE		77,600	0	0
LCNB CORP	COM	50181P100	1,042	64,450	SH		SOLE		64,450	0	0
LKQ CORP	COM	501889208	1,054	39,500	SH		SOLE		39,500	0	0
LEMAITRE VASCULAR INC	COM	525558201	435	52,600	SH		SOLE		52,600	0	0
LEXMARK INTL	CL A	529771107	708	14,700	SH		SOLE		14,700	0	0
LIBBEY INC	COM	529898108	23,006	863,600	SH		SOLE		656,100	0	207,500
LINCOLN ELEC HOLDINGS INC	COM	533900106	2,917	41,750	SH		SOLE		31,750	0	10,000
LITTELFUSE INC	COM	537008104	102	1,100	SH		SOLE		1,100	0	0
LULULEMON ATHLETICA INC	COM	550021109	1,947	48,100	SH		SOLE		18,100	0	30,000
MRC GLOBAL INC	COM	55345K103	4,616	163,150	SH		SOLE		163,150	0	0
MAGNETEK INC	COM NEW	559424403	470	19,800	SH		SOLE		19,800	0	0
MANITEX INTL INC	COM	563420108	3,272	201,500	SH		SOLE		201,500	0	0
MARCUS CORP	COM	566330106	520	28,500	SH		SOLE		28,500	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	4,581	173,200	SH		SOLE		173,200	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	53	400	SH		SOLE		400	0	0
MASTERCARD INC	CL A	57636Q104	180	2,450	SH		SOLE		2,450	0	0
MCDERMOTT INTL INC	COM	580037109	36	4,400	SH		SOLE		4,400	0	0
MCDONALDS CORP	COM	580135101	592	5,875	SH		SOLE		5,875	0	0
MCGRAW HILL COS INC	COM	580645109	2,748	33,100	SH		SOLE		23,100	0	10,000
MERIDIAN BIOSCIENCE INC	COM	589584101	1,515	73,400	SH		SOLE		18,400	0	55,000
MIDSOUTH BANCORP INC	COM	598039105	137	6,900	SH		SOLE		6,900	0	0
MODINE MFG CO	COM	607828100	157	10,000	SH		SOLE		10,000	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	740	85,700	SH		SOLE		85,700	0	0
MULTI FINELINE ELECTRONIX INC	COM	62541B101	507	45,950	SH		SOLE		45,950	0	0
NIC INC	COM	62914B100	2,867	180,900	SH		SOLE		130,900	0	50,000
NMI HLDGS INC	CL A	629209305	420	40,000	SH		SOLE		40,000	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	1,392	80,000	SH		SOLE		80,000	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	7,967	96,750	SH		SOLE		96,750	0	0
NEWMONT MINING CORP	COM	651639106	2,446	96,150	SH		SOLE		96,150	0	0
NOBLE ENERGY CORP	COM	655044105	1,937	25,000	SH		SOLE		0	0	25,000
NORDSON CORP	COM	655663102	3,244	40,450	SH		SOLE		17,950	0	22,500
NORFOLK SOUTHERN CORP	COM	655844108	45,506	441,675	SH		SOLE		341,675	0	100,000
NORTHERN TECHNOLOGIES INTL	COM	665809109	97	4,600	SH		SOLE		4,600	0	0
NORTHWEST PIPE CO	COM	667746101	3,112	77,165	SH		SOLE		77,165	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	2,305	122,800	SH		SOLE		122,800	0	0
NXSTAGE MEDICAL INC	COM	67072V103	1,392	96,858	SH		SOLE		96,858	0	0
OM GROUP INC	COM	670872100	1,005	31,000	SH		SOLE		31,000	0	0
OCCIDENTAL PETROLEUM	COM	674599105	8,038	78,325	SH		SOLE		78,325	0	0
OCEANEERING INTL INC	COM	675232102	602	7,700	SH		SOLE		7,700	0	0
OMNOVA SOLUTIONS INC	COM	682129101	876	96,400	SH		SOLE		96,400	0	0
ON SEMICONDUCTOR CORP	COM	682189105	14,628	1,600,400	SH		SOLE		1,400,400	0	200,000
OSHKOSH CORP	COM	688239201	478	8,600	SH		SOLE		8,600	0	0
OWENS CORNING INC	COM	690742101	7,661	198,050	SH		SOLE		198,050	0	0
PHI INC	COM NON VTG	69336T205	4,700	105,450	SH		SOLE		0	0	105,450
PNC FINANCIAL SERVICES GROUP	COM	693475105	1,759	19,750	SH		SOLE		19,750	0	0
PANERA BREAD CO	CL A	69840W108	3,832	25,575	SH		SOLE		14,075	0	11,500
PARKER HANNIFIN CORP	COM	701094104	6	50	SH		SOLE		50	0	0
PINNACLE ENTMT INC	COM	723456109	954	37,900	SH		SOLE		37,900	0	0
PLATFORM SPECIALTY PRODS CORP	COM	72766Q105	118	4,200	SH		SOLE		4,200	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	9,525	211,200	SH		SOLE		171,200	0	40,000
POOL CORP	COM	73278L105	23	414	SH		SOLE		414	0	0
POPEYES LA KITCHEN INC	COM	732872106	6,369	145,700	SH		SOLE		145,700	0	0
POWELL INDS INC	COM	739128106	376	5,750	SH		SOLE		5,750	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	113	1,200	SH		SOLE		1,200	0	0
POWERSECURE INTL INC	COM	73936N105	1,451	148,950	SH		SOLE		48,950	0	100,000
PRAXAIR INC	COM	74005P104	66	500	SH		SOLE		500	0	0
QUAD GRAPHICS INC	CL A	747301109	277	12,400	SH		SOLE		12,400	0	0
QUALITY DISTR INC FLA	COM	74756M102	2,760	185,750	SH		SOLE		185,750	0	0
QUINPARIO ACQUISITION CORP	COM	74874R108	1,118	106,300	SH		SOLE		106,300	0	0
QUINPARIO ACQUISITION CORP	UNIT 99/99/9999	74874R207	277	24,650	SH		SOLE		24,650	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	2,676	52,750	SH		SOLE		52,750	0	0
RENT A CENTER INC NEW	COM	76009N100	3,479	121,288	SH		SOLE		121,288	0	0
REXNORD CORP NEW	COM	76169B102	6,904	245,250	SH		SOLE		225,250	0	20,000
RIGNET INC	COM	766582100	2,400	44,600	SH		SOLE		24,600	0	20,000
ROCK TENN CO	CL A	772739207	11,364	107,625	SH		SOLE		90,125	0	17,500
ROCKWOOD HOLDINGS INC	COM	774415103	2,464	32,425	SH		SOLE		32,425	0	0
ROGERS CORP	COM	775133101	4,895	73,775	SH		SOLE		73,775	0	0
ROSETTA RESOURCES INC	COM	777779307	395	7,200	SH		SOLE		7,200	0	0
RYDER SYSTEM INC	COM	783549108	27,665	314,050	SH		SOLE		292,050	0	22,000
SPDR S&P 500 ETF TR	TR UNIT	78462F103	9,727	49,700	SH		SOLE		49,700	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	1,237	9,660	SH		SOLE		9,660	0	0
SP PLUS CORP	COM	78469C103	3,986	186,350	SH		SOLE		111,350	0	75,000
SHARPS COMPLIANCE CORP	COM	820017101	756	171,826	SH		SOLE		171,826	0	0
SIRONA DENTAL SYSTEMS INC	COM	82966C103	2,595	31,475	SH		SOLE		31,475	0	0
SMITH A O	COM	831865209	387	7,800	SH		SOLE		7,800	0	0
SOUTHWEST AIRLS CO	COM	844741108	377	14,050	SH		SOLE		14,050	0	0
SPARK NETWORKS INC	COM	84651P100	709	125,000	SH		SOLE		0	0	125,000
STERLING CONSTRUCTION CO INC	COM	859241101	375	40,000	SH		SOLE		40,000	0	0
STRYKER CORP	COM	863667101	67	800	SH		SOLE		800	0	0
TANGOE INC	COM	87582Y108	591	39,250	SH		SOLE		39,250	0	0
TARGET CORP	COM	87612E106	41	700	SH		SOLE		700	0	0
TERADATA CORP	COM	88076W103	4,097	101,925	SH		SOLE		101,925	0	0
TETRA TECHNOLOGIES INC DEL	COM	88162F105	356	30,200	SH		SOLE		30,200	0	0
TEXAS CAPITAL BANCSHARES INC	COM	88224Q107	1,993	36,950	SH		SOLE		36,950	0	0
3M CO	COM	88579Y101	192	1,340	SH		SOLE		1,340	0	0
TIDEWATER INC	COM	886423102	2,777	49,450	SH		SOLE		49,450	0	0
TILE SHOP HLDGS INC	COM	88677Q109	14,111	922,900	SH		SOLE		732,900	0	190,000
TITAN MACHINERY INC	COM	88830R101	1,713	104,097	SH		SOLE		104,097	0	0
TRANSDIGM GROUP INC	COM	893641100	5,904	35,300	SH		SOLE		35,300	0	0
TRIANGLE PETROLEUM CORP	COM	89600B102	129	11,000	SH		SOLE		11,000	0	0
TRIMAS CORP	COM	896215209	4,309	113,000	SH		SOLE		113,000	0	0
TRINITY BIOTECH PLC	SPON ADR NEW	896438306	818	35,500	SH		SOLE		35,500	0	0
TRINITY INDS INC	COM	896522109	1,045	23,900	SH		SOLE		23,900	0	0
TRISTATE CAP HLDGS INC	COM	89678F100	711	50,300	SH		SOLE		50,300	0	0
TRIUMPH GROUP INC NEW	COM	896818101	8,412	120,475	SH		SOLE		120,475	0	0
U S G CORP	COM	903293405	1,597	53,000	SH		SOLE		53,000	0	0
ULTA SALON COSMETCS & FRAG INC	COM	90384S303	5,425	59,350	SH		SOLE		39,350	0	20,000
UNION PAC CORP	COM	907818108	86,211	864,275	SH		SOLE		749,275	0	115,000
VAALCO ENERGY INC	COM NEW	91851C201	397	55,400	SH		SOLE		55,400	0	0
VAPOR CORP NEW	COM NEW	922099205	429	86,763	SH		SOLE		86,763	0	0
VERACYTE INC	COM	92337F107	195	11,400	SH		SOLE		11,400	0	0
VERIFONE SYS INC	COM	92342Y109	11,207	304,950	SH		SOLE		289,950	0	15,000
VINCE HLDG CORP	COM	92719W108	1,706	46,600	SH		SOLE		6,600	0	40,000
VISA INC	CL A	92826C839	10,867	51,575	SH		SOLE		40,575	0	11,000
VISHAY PRECISION GROUP	COM	92835K103	811	49,252	SH		SOLE		49,252	0	0
VOCERA COMMUNICATIONS INC	COM	92857F107	2,920	221,200	SH		SOLE		121,200	0	100,000
WSI INDS INC	COM	92932Q102	167	20,000	SH		SOLE		20,000	0	0
WABTEC CORP	COM	929740108	1,189	14,400	SH		SOLE		14,400	0	0
WHITING PETROLEUM CORP	COM	966387102	5,736	71,475	SH		SOLE		71,475	0	0
WILLIAMS COS INC	COM	969457100	669	11,500	SH		SOLE		11,500	0	0
WORLD WRESTLING ENTMT INC	CL A	98156Q108	2,892	242,400	SH		SOLE		202,400	0	40,000
ZIMMER HOLDINGS INC	COM	98956P102	52	500	SH		SOLE		500	0	0
ZOETIS INC	CL A	98978V103	3,613	111,950	SH		SOLE		111,950	0	0