Teton Advisors (TETAA) 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
1 800 FLOWERS COM INC CL A	COM	68243Q106	5,791	489,500	SH		SOLE		489,500	0	0
AAR CORP COM	COM	000361105	1,594	51,915	SH		SOLE		51,915	0	0
AARON'S INC	COM	002535300	1,387	49,000	SH		SOLE		49,000	0	0
ABM INDS INC COM	COM	000957100	1,110	34,850	SH		SOLE		34,850	0	0
ABRAXAS PETE CORP	COM	003830106	233	71,554	SH		SOLE		71,554	0	0
ACCURAY INC COM	COM	004397105	307	32,960	SH		SOLE		32,960	0	0
ACE LTD SHS	COM	H0023R105	5,471	49,072	SH		SOLE		49,072	0	0
ACTIVISION BLIZZARD,INC	COM	00507V109	5,181	228,000	SH		SOLE		228,000	0	0
AEP INDS INC COM	COM	001031103	4,100	74,492	SH		SOLE		74,492	0	0
AES CORP COM	COM	00130H105	3,009	234,156	SH		SOLE		234,156	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	5,914	27,537	SH		SOLE		27,537	0	0
ALERE INC	COM	01449J105	636	13,000	SH		SOLE		13,000	0	0
ALEXION PHARMACEUTICALS INC CO	COM	015351109	6,743	38,910	SH		SOLE		38,910	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	4,697	89,000	SH		SOLE		89,000	0	0
AMERICAN EAGLE OUTFITTERS INCO	COM	02553E106	1,368	80,100	SH		SOLE		80,100	0	0
AMERICAN INTERNATIONAL GROUP I	COM	026874784	274	5,000	SH		SOLE		5,000	0	0
AMERICAN RAILCAR INDS INC COM	COM	02916P103	462	9,292	SH		SOLE		9,292	0	0
AMERICAN SOFTWARE INC CL A	COM	029683109	1,289	126,078	SH		SOLE		126,078	0	0
AMERICAN TOWER CORP-CL A	COM	03027X100	7,799	82,838	SH		SOLE		82,838	0	0
AMPCO PITTSBURGH CORP	COM	032037103	7,077	405,300	SH		SOLE		405,300	0	0
AMTECH SYS INC COM PAR $0.01N	COM	032332504	202	18,100	SH		SOLE		18,100	0	0
ANCHOR BANK CORP	COM	032838104	1,112	49,400	SH		SOLE		49,400	0	0
ANGIODYNAMICS INC COM	COM	03475V101	1,118	62,866	SH		SOLE		62,866	0	0
ANTERO RESOURCES CORP	COM	03674X106	2,970	84,077	SH		SOLE		84,077	0	0
APPLE INC	COM	037833100	523	4,200	SH		SOLE		4,200	0	0
ARCTIC CAT INC COM	COM	309670104	508	13,984	SH		SOLE		13,984	0	0
ARTESIAN RES CORP COM CL A	COM	403113208	518	24,226	SH		SOLE		24,226	0	0
ASCENT CAPITAL GROUP INC	COM	043632108	7,750	194,679	SH		SOLE		194,679	0	0
ASTEC INDS INC COM	COM	046224101	12,609	294,060	SH		SOLE		294,060	0	0
ASTRONICS CORP COM	COM	046433108	995	13,500	SH		SOLE		13,500	0	0
ATLANTIC AMERN CORP COM	COM	048209100	81	20,000	SH		SOLE		20,000	0	0
ATLANTIC TELE NETWORK INC COM	COM	049079205	5,645	81,555	SH		SOLE		81,555	0	0
AVID TECHNOLOGY INC	COM	05367P100	894	60,000	SH		SOLE		60,000	0	0
AVNET INC	COM	053807103	741	16,648	SH		SOLE		16,648	0	0
AZZ INC COM	COM	002474104	932	20,000	SH		SOLE		20,000	0	0
BADGER METER INC COM	COM	056525108	1,960	32,700	SH		SOLE		32,700	0	0
BANKUNITED INC COM	COM	06652K103	8,957	273,576	SH		SOLE		273,576	0	0
BARNES GROUP INC COM	COM	067806109	225	5,550	SH		SOLE		5,550	0	0
BASSETT FURNITURE INDS	COM	070203104	4,423	155,070	SH		SOLE		155,070	0	0
BBCN BANCORP INC	COM	073295107	1,032	71,350	SH		SOLE		71,350	0	0
BEASLEY BROADCAST GRP INC.	COM	074014101	2,954	588,501	SH		SOLE		588,501	0	0
BED BATH & BEYOND INC	COM	075896100	3,123	40,680	SH		SOLE		40,680	0	0
BENEFICIAL BANCORP INC	COM	08171T102	141	12,498	SH		SOLE		12,498	0	0
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	224	8,100	SH		SOLE		8,100	0	0
BEST BUY INC COM	COM	086516101	265	7,000	SH		SOLE		7,000	0	0
BIG 5 SPORTING GOODS CORP COM	COM	08915P101	3,751	282,689	SH		SOLE		282,689	0	0
BIGLARI HOLDINGS INC	COM	08986R101	10,422	25,168	SH		SOLE		25,168	0	0
BIOLASE TECHNOLOGY INC COM	COM	090911108	690	341,461	SH		SOLE		341,461	0	0
BIOSCRIP INC	COM	09069N108	4,803	1,084,219	SH		SOLE		1,084,219	0	0
BIOTELEMETRY INC COM	COM	090672106	947	107,000	SH		SOLE		107,000	0	0
BIO-REFERENCE LABS INC COM $.0	COM	09057G602	2,520	71,500	SH		SOLE		71,500	0	0
BLACKSTONE GROUP L P COM UNIT	COM	09253U108	233	6,000	SH		SOLE		6,000	0	0
BLOUNT INTL INC NEW COM	COM	095180105	1,932	150,000	SH		SOLE		150,000	0	0
BLUCORA INC	COM	095229100	2,872	210,285	SH		SOLE		210,285	0	0
BLYTH INC	COM	09643P207	2,163	285,021	SH		SOLE		285,021	0	0
BON-TON STORES INC COM	COM	09776J101	4,293	616,755	SH		SOLE		616,755	0	0
BORDERFREE INC COM	COM	09970L100	301	50,000	SH		SOLE		50,000	0	0
BOSTON BEER INC CL A	COM	100557107	3,262	12,200	SH		SOLE		12,200	0	0
BOTTOMLINE TECH DEL INC COM	COM	101388106	547	20,000	SH		SOLE		20,000	0	0
BOULDER BRANDS INC COM	COM	101405108	5,375	563,973	SH		SOLE		563,973	0	0
BOYD GAMING CORP	COM	103304101	1,020	71,800	SH		SOLE		71,800	0	0
BRIGGS & STRATTON CORPORATION	COM	109043109	959	46,700	SH		SOLE		46,700	0	0
BRIGHT HORIZONS FAM SOL IN DCO	COM	109194100	4,346	84,764	SH		SOLE		84,764	0	0
BRINKS CO COM	COM	109696104	832	30,100	SH		SOLE		30,100	0	0
BROADWIND ENERGY INC COM NEW	COM	11161T207	692	138,340	SH		SOLE		138,340	0	0
BROWN & BROWN INC COM	COM	115236101	668	20,184	SH		SOLE		20,184	0	0
BUILDERS FIRSTSOURCE	COM	12008R107	165	24,700	SH		SOLE		24,700	0	0
C AND J ENERGY SVCS LTD SHS	COM	G3164Q101	361	32,400	SH		SOLE		32,400	0	0
CABOT MICROELECTRONICS	COM	12709P103	884	17,700	SH		SOLE		17,700	0	0
CADIZ INC	COM	127537207	453	44,174	SH		SOLE		44,174	0	0
CALAVO GROWERS INC COM	COM	128246105	7,703	149,814	SH		SOLE		149,814	0	0
CALIFORNIA WTR SVC GROUP COM	COM	130788102	608	24,800	SH		SOLE		24,800	0	0
CALLAWAY GOLF CO COM	COM	131193104	531	55,687	SH		SOLE		55,687	0	0
CALLIDUS SOFTWARE INC COM	COM	13123E500	4,202	331,400	SH		SOLE		331,400	0	0
CALLON PETE CO DEL COM	COM	13123X102	1,455	194,844	SH		SOLE		194,844	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	3,870	85,779	SH		SOLE		85,779	0	0
CANTEL MEDICAL CORP COM	COM	138098108	25,436	535,505	SH		SOLE		535,505	0	0
CANTERBURY PK HLDG CORP	COM	13811E101	1,064	105,100	SH		SOLE		105,100	0	0
CAPSTONE TURBINE CORP COM	COM	14067D102	213	328,000	SH		SOLE		328,000	0	0
CARBONITE INC	COM	141337105	1,025	71,687	SH		SOLE		71,687	0	0
CARDICA INC COM	COM	14141R101	15	24,000	SH		SOLE		24,000	0	0
CARDINAL FINANCIAL	COM	14149F109	226	11,300	SH		SOLE		11,300	0	0
CARDIOVASCULAR SYS INC DEL COM	COM	141619106	3,478	89,100	SH		SOLE		89,100	0	0
CARPENTER TECHNOLOGY CORP COM	COM	144285103	1,242	31,950	SH		SOLE		31,950	0	0
CARRIZO OIL & CO INC COM	COM	144577103	819	16,500	SH		SOLE		16,500	0	0
CASCADE MICROTECH INC COM	COM	147322101	3,437	253,060	SH		SOLE		253,060	0	0
CASELLA WASTE SYS INC CL A	COM	147448104	3,042	553,023	SH		SOLE		553,023	0	0
CASTLE A M & CO COM	COM	148411101	66	18,000	SH		SOLE		18,000	0	0
CASTLIGHT HEALTH INC-B	COM	14862Q100	1,857	239,278	SH		SOLE		239,278	0	0
CATAMARAN CORP	COM	148887102	12,340	207,253	SH		SOLE		207,253	0	0
CAVCO INDUSTRIES	COM	149568107	4,053	54,000	SH		SOLE		54,000	0	0
CBRE GROUP INC CL A	COM	12504L109	10,782	278,536	SH		SOLE		278,536	0	0
CECO ENVIRONMENTAL CORP COM	COM	125141101	167	15,718	SH		SOLE		15,718	0	0
CENVEO INC COM	COM	15670S105	41	19,000	SH		SOLE		19,000	0	0
CEPHEID COM	COM	15670R107	3,556	62,500	SH		SOLE		62,500	0	0
CHASE CORP	COM	16150R104	5,384	123,122	SH		SOLE		123,122	0	0
CHECKPOINT SYS INC COM	COM	162825103	237	21,900	SH		SOLE		21,900	0	0
CHEESECAKE FACTORY INC	COM	163072101	2,713	55,000	SH		SOLE		55,000	0	0
CHEMTURA CORP COM NEW	COM	163893209	3,111	114,000	SH		SOLE		114,000	0	0
CHESAPEAKE UTILS CORP COM	COM	165303108	2,214	43,750	SH		SOLE		43,750	0	0
CHURCHILL DOWNS INC COM	COM	171484108	8,282	72,040	SH		SOLE		72,040	0	0
CINCINNATI BELL	COM	171871106	4,483	1,270,048	SH		SOLE		1,270,048	0	0
CINEDIGM CORP COM	COM	172406100	26	16,000	SH		SOLE		16,000	0	0
CIRCOR INTL INC COM	COM	17273K109	9,004	164,600	SH		SOLE		164,600	0	0
CITIZENS & NORTHN CORP COM	COM	172922106	367	18,200	SH		SOLE		18,200	0	0
CME GROUP INC COM	COM	12572Q105	265	2,800	SH		SOLE		2,800	0	0
COBIZ FINANCIAL INC COM	COM	190897108	1,642	133,239	SH		SOLE		133,239	0	0
COCA-COLA ENTERPRISES, INC.	COM	19122T109	6,947	157,176	SH		SOLE		157,176	0	0
COHEN & STEERS INC COM	COM	19247A100	4,095	100,000	SH		SOLE		100,000	0	0
COLUMBIA BKG SYS INC COM	COM	197236102	643	22,201	SH		SOLE		22,201	0	0
COLUMBUS MCKINNON CORP N Y COM	COM	199333105	3,544	131,560	SH		SOLE		131,560	0	0
COMMUNICATIONS SYS	COM	203900105	1,998	174,954	SH		SOLE		174,954	0	0
COMPUTER TASK GROUP INC COM	COM	205477102	1,167	159,652	SH		SOLE		159,652	0	0
CONSOLIDATED COMM HLDGS INC CO	COM	209034107	955	46,801	SH		SOLE		46,801	0	0
CONSOLIDATED WATER CO LTD ORD	COM	G23773107	668	65,000	SH		SOLE		65,000	0	0
CONSTANT CONTACT INC	COM	210313102	2,774	72,600	SH		SOLE		72,600	0	0
CONVERGYS CORP COM	COM	212485106	285	12,450	SH		SOLE		12,450	0	0
CORE MOLDING TECH COM	COM	218683100	6,422	374,035	SH		SOLE		374,035	0	0
CORINTHIAN COLLEGES INC COM	COM	218868107	4	287,587	SH		SOLE		287,587	0	0
CORNERSTONE ONDEMAND INC COM	COM	21925Y103	7,459	258,197	SH		SOLE		258,197	0	0
CORRECTIONS CORP AMER NEW COM	COM	22025Y407	6,692	166,218	SH		SOLE		166,218	0	0
COTT CORP COM	COM	22163N106	1,031	110,000	SH		SOLE		110,000	0	0
COVISINT CORP	COM	22357R103	1,317	648,812	SH		SOLE		648,812	0	0
CROWN HOLDINGS INC COM	COM	228368106	535	9,900	SH		SOLE		9,900	0	0
CROWN MEDIA HLDGS INC CL A	COM	228411104	532	133,000	SH		SOLE		133,000	0	0
CTS CORP	COM	126501105	6,192	344,177	SH		SOLE		344,177	0	0
CUMMINS ENGINE INC	COM	231021106	4,043	29,162	SH		SOLE		29,162	0	0
CUMULUS MEDIA INC CL A	COM	231082108	89	36,000	SH		SOLE		36,000	0	0
CUTERA INC COM	COM	232109108	4,574	354,000	SH		SOLE		354,000	0	0
CYRUSONE INC	COM	23283R100	1,556	50,000	SH		SOLE		50,000	0	0
CYTEC INDS INC COM	COM	232820100	5,593	103,502	SH		SOLE		103,502	0	0
DAEGIS INC	COM	233720101	26	40,000	SH		SOLE		40,000	0	0
DAKOTA PLAINS HLDGS INC COM	COM	234255107	223	120,700	SH		SOLE		120,700	0	0
DAKTRONICS INC COM	COM	234264109	562	52,000	SH		SOLE		52,000	0	0
DANA HOLDING CORP COM	COM	235825205	2,222	105,000	SH		SOLE		105,000	0	0
DATAWATCH CORP COM NEW	COM	237917208	231	34,000	SH		SOLE		34,000	0	0
DAWSON GEOPHYSICAL CO NEW COM	COM	239360100	98	23,026	SH		SOLE		23,026	0	0
DELTA NAT GAS INC COM	COM	247748106	2,042	105,000	SH		SOLE		105,000	0	0
DENNYS CORP COM	COM	24869P104	866	76,000	SH		SOLE		76,000	0	0
DESTINATION XL GROUP INC	COM	25065K104	148	30,000	SH		SOLE		30,000	0	0
DEXCOM INC COM	COM	252131107	218	3,500	SH		SOLE		3,500	0	0
DIAMOND FOODS INC COM	COM	252603105	3,257	100,000	SH		SOLE		100,000	0	0
DIGI INTL INC COM	COM	253798102	472	47,318	SH		SOLE		47,318	0	0
DIME CMNTY BANCORP INC COM	COM	253922108	517	32,100	SH		SOLE		32,100	0	0
DISCOVERY COMMS NEW SER C	COM	25470F302	6,420	217,804	SH		SOLE		217,804	0	0
DOT HILL SYS CORP COM	COM	25848T109	2,774	523,311	SH		SOLE		523,311	0	0
DOVER DOWNS GAMING & ENTMT INC	COM	260095104	164	140,484	SH		SOLE		140,484	0	0
DUCOMMUN INC DEL COM	COM	264147109	3,121	120,485	SH		SOLE		120,485	0	0
DXP ENTERPRISES INC NEW COM NE	COM	233377407	538	12,200	SH		SOLE		12,200	0	0
DYCOM INDS INC COM	COM	267475101	1,297	26,550	SH		SOLE		26,550	0	0
EARTHLINK HLDGS CORP COM	COM	27033X101	2,270	511,250	SH		SOLE		511,250	0	0
ECOLAB INC	COM	278865100	6,647	58,115	SH		SOLE		58,115	0	0
EDGEWATER TECHNOLOGY INC COM	COM	280358102	4,714	692,272	SH		SOLE		692,272	0	0
ELDORADO RESORTS INC COM	COM	28470R102	629	125,000	SH		SOLE		125,000	0	0
ELECTRO SCIENTIFIC INDS INC CO	COM	285229100	910	147,289	SH		SOLE		147,289	0	0
ELECTROMED INC COM	COM	285409108	126	50,000	SH		SOLE		50,000	0	0
ELIZABETH ARDEN INC	COM	28660G106	312	20,000	SH		SOLE		20,000	0	0
EMCOR GROUP INC COM	COM	29084Q100	1,171	25,200	SH		SOLE		25,200	0	0
EMPIRE RESORTS INC COM NEW	COM	292052206	60	13,000	SH		SOLE		13,000	0	0
EMULEX CORP COM NEW	COM	292475209	956	120,000	SH		SOLE		120,000	0	0
ENERGY RECOVERY INC	COM	29270J100	207	80,000	SH		SOLE		80,000	0	0
ENERGY XXI (BERMUDA) LTD	COM	G10082140	262	72,100	SH		SOLE		72,100	0	0
ENTEGRIS INC COM	COM	29362U104	4,147	302,900	SH		SOLE		302,900	0	0
ENTERCOM COMMUNICATIONS CORPCL	COM	293639100	1,078	88,700	SH		SOLE		88,700	0	0
ENTRAVISION COMM CORP CL A	COM	29382R107	4,647	734,163	SH		SOLE		734,163	0	0
EQUINIX INC COM	COM	29444U700	6,989	30,013	SH		SOLE		30,013	0	0
ETHAN ALLEN INTERIORS INC COM	COM	297602104	6,701	242,424	SH		SOLE		242,424	0	0
EVINE LIVE INC	COM	300487105	800	119,200	SH		SOLE		119,200	0	0
EXACT SCIENCES CORP COM	COM	30063P105	10,371	470,988	SH		SOLE		470,988	0	0
EXACTECH INC COM	COM	30064E109	4,440	173,226	SH		SOLE		173,226	0	0
EXELIXIS INC COM	COM	30161Q104	514	200,000	SH		SOLE		200,000	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	5,588	115,984	SH		SOLE		115,984	0	0
EXTREME NETWORKS INC COM	COM	30226D106	991	313,700	SH		SOLE		313,700	0	0
FALCONSTOR SOFTWARE INC COM	COM	306137100	1,240	800,000	SH		SOLE		800,000	0	0
FAMOUS DAVES AMER INC COM	COM	307068106	2,756	96,703	SH		SOLE		96,703	0	0
FARMER BROS CO	COM	307675108	4,208	170,000	SH		SOLE		170,000	0	0
FEDERAL MOGUL CORP CL A	COM	313549404	4,135	310,685	SH		SOLE		310,685	0	0
FEDERAL SIGNAL CORP COM	COM	313855108	11,116	704,009	SH		SOLE		704,009	0	0
FERRO CORP	COM	315405100	14,884	1,186,000	SH		SOLE		1,186,000	0	0
FIDELITY SOUTHERN CORP	COM	316394105	189	11,218	SH		SOLE		11,218	0	0
FINANCIAL ENGINES INC COM	COM	317485100	3,574	85,439	SH		SOLE		85,439	0	0
FIRST INTERNET BANCORP COM	COM	320557101	594	32,000	SH		SOLE		32,000	0	0
FLOTEK INDS INC DEL COM	COM	343389102	373	25,300	SH		SOLE		25,300	0	0
FLUSHING FINL CORP COM	COM	343873105	11,580	577,000	SH		SOLE		577,000	0	0
FNF GROUP COM	COM	31620R303	293	10,727	SH		SOLE		10,727	0	0
FORMFACTOR INC COM	COM	346375108	3,823	431,028	SH		SOLE		431,028	0	0
FORTINET INC COM	COM	34959E109	13,676	391,308	SH		SOLE		391,308	0	0
FORTUNE BRANDS HOME & SECURITY	COM	34964C106	5,973	125,810	SH		SOLE		125,810	0	0
FOSTER L B CO COM	COM	350060109	1,680	35,380	SH		SOLE		35,380	0	0
FREQUENCY ELECTRS INC COM	COM	358010106	279	20,000	SH		SOLE		20,000	0	0
FRP HLDGS INC COM	COM	30292L107	346	9,500	SH		SOLE		9,500	0	0
FTI CONSULTING INC COM	COM	302941109	1,460	38,968	SH		SOLE		38,968	0	0
FULL HOUSE RESORTS INC COM	COM	359678109	294	194,807	SH		SOLE		194,807	0	0
FURMANITE CORPORATION	COM	361086101	4,329	548,661	SH		SOLE		548,661	0	0
G & K SVCS INC CL A	COM	361268105	341	4,700	SH		SOLE		4,700	0	0
GAMING & LEISURE PPTYS INC COM	COM	36467J108	5,051	137,002	SH		SOLE		137,002	0	0
GAS NAT INC COM	COM	367204104	179	18,000	SH		SOLE		18,000	0	0
GASTAR EXPL INC NEW COM	COM	36729W202	251	95,800	SH		SOLE		95,800	0	0
GENCOR INDS INC COM	COM	368678108	2,553	255,016	SH		SOLE		255,016	0	0
GENCORP INC	COM	368682100	28,266	1,218,900	SH		SOLE		1,218,900	0	0
GENESIS HEALTHCARE INC CL A CO	COM	37185X106	315	44,200	SH		SOLE		44,200	0	0
GENTHERM INC COM	COM	37253A103	1,404	27,800	SH		SOLE		27,800	0	0
GLACIER BANCORP INC NEW COM	COM	37637Q105	699	27,800	SH		SOLE		27,800	0	0
GLOBAL POWER EQUIPMENT GRP INC	COM	37941P306	1,716	130,000	SH		SOLE		130,000	0	0
GLOBAL SOURCES LTD COM	COM	G39300101	5,409	923,076	SH		SOLE		923,076	0	0
GORMAN RUPP CO	COM	383082104	3,175	106,000	SH		SOLE		106,000	0	0
GP STRATEGIES CORP COM	COM	36225V104	3,747	101,271	SH		SOLE		101,271	0	0
GRAFTECH INTERNATIONAL	COM	384313102	2,101	540,000	SH		SOLE		540,000	0	0
GRAHAM CORP COM	COM	384556106	791	33,000	SH		SOLE		33,000	0	0
GRAY TELEVISION, INC	COM	389375106	5,217	377,500	SH		SOLE		377,500	0	0
GRAY TELEVISION, INC CL A	COM	389375205	896	76,042	SH		SOLE		76,042	0	0
GREENBRIER COS INC	COM	393657101	2,424	41,800	SH		SOLE		41,800	0	0
GRIFFIN LAND & NUR	COM	398231100	4,782	154,205	SH		SOLE		154,205	0	0
GRIFFON CORP COM	COM	398433102	7,602	436,141	SH		SOLE		436,141	0	0
GSE SYS INC COM	COM	36227K106	30	20,000	SH		SOLE		20,000	0	0
GUIDANCE SOFTWARE INC COM	COM	401692108	3,295	609,007	SH		SOLE		609,007	0	0
GULF COAST ULTRA DEEP RTY TR R	UNITS	40222T104	164	230,181	SH		SOLE		230,181	0	0
GULF ISLAND FABRICATION INC CO	COM	402307102	248	16,671	SH		SOLE		16,671	0	0
GULFPORT ENERGY CORP COM NEW	COM	402635304	799	17,400	SH		SOLE		17,400	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	5,124	80,000	SH		SOLE		80,000	0	0
HALCON RESOURCES CORPORATION C	COM	40537Q209	37	24,334	SH		SOLE		24,334	0	0
HALLIBURTON COMPANY	COM	406216101	263	6,000	SH		SOLE		6,000	0	0
HALLMARK FINL SVCS INC ECCOM N	COM	40624Q203	1,907	179,860	SH		SOLE		179,860	0	0
HANCOCK HOLDING CO	COM	410120109	478	16,000	SH		SOLE		16,000	0	0
HANDY & HARMAN HOLDINGS LTD	COM	410315105	308	7,500	SH		SOLE		7,500	0	0
HANESBRANDS INC COM	COM	410345102	436	13,000	SH		SOLE		13,000	0	0
HARVARD BIOSCIENCE INC COM	COM	416906105	1,168	200,628	SH		SOLE		200,628	0	0
HAVERTY FURNITURE INC COM	COM	419596101	587	23,600	SH		SOLE		23,600	0	0
HAWKINS INC COM	COM	420261109	5,600	147,406	SH		SOLE		147,406	0	0
HAYNES INTERNATIONAL INC	COM	420877201	1,093	24,500	SH		SOLE		24,500	0	0
HC2 HLDGS INC COM	COM	404139107	7,831	715,178	SH		SOLE		715,178	0	0
HCC INS HLDGS INC COM	COM	404132102	10,226	180,443	SH		SOLE		180,443	0	0
HEADWATERS INC COM	COM	42210P102	2,925	159,500	SH		SOLE		159,500	0	0
HEARTLAND PMT SYS INC COM	COM	42235N108	717	15,300	SH		SOLE		15,300	0	0
HERITAGE COMMERCE CORP COM	COM	426927109	272	29,800	SH		SOLE		29,800	0	0
HERITAGE FINANCIAL GROUP	COM	42726X102	1,086	39,900	SH		SOLE		39,900	0	0
HESKA CORPORATION COM NEW	COM	42805E306	1,032	40,049	SH		SOLE		40,049	0	0
HEXCEL CORP NEW COM	COM	428291108	8,040	156,352	SH		SOLE		156,352	0	0
HILLTOP HOLDINGS INC COM	COM	432748101	1,516	78,000	SH		SOLE		78,000	0	0
HOME DEPOT INC	COM	437076102	227	2,000	SH		SOLE		2,000	0	0
HOMESTREET INC COM	COM	43785V102	550	30,000	SH		SOLE		30,000	0	0
HONEYWELL INT'L INC	COM	438516106	209	2,000	SH		SOLE		2,000	0	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	449	107,700	SH		SOLE		107,700	0	0
HUDSON VALLEY HOLDING CORP COM	COM	444172100	1,749	68,438	SH		SOLE		68,438	0	0
HUTTIG BLDG PRODS INC COM	COM	448451104	2,469	866,265	SH		SOLE		866,265	0	0
HYATT HOTELS CORP COM CL A	COM	448579102	4,179	70,571	SH		SOLE		70,571	0	0
ICF INTL INC COM	COM	44925C103	952	23,300	SH		SOLE		23,300	0	0
ICU MEDICAL INC	COM	44930G107	756	8,114	SH		SOLE		8,114	0	0
IHS INC CL A	COM	451734107	5,577	49,027	SH		SOLE		49,027	0	0
ILLUMINA	COM	452327109	4,902	26,406	SH		SOLE		26,406	0	0
IMAX CORP COM	COM	45245E109	1,146	34,000	SH		SOLE		34,000	0	0
INCYTE GENOMICS INC COM	COM	45337C102	6,824	74,451	SH		SOLE		74,451	0	0
INFORMATICA CORP	COM	45666Q102	298	6,800	SH		SOLE		6,800	0	0
INFUSYSTEM HLDGS INC COM	COM	45685K102	1,718	633,835	SH		SOLE		633,835	0	0
INGLES MKTS INC CL A	COM	457030104	9,436	190,700	SH		SOLE		190,700	0	0
INNOVATIVE SOLUTIONS & SUPPOCO	COM	45769N105	649	170,794	SH		SOLE		170,794	0	0
INSIGNIA SYS INC COM	COM	45765Y105	930	310,095	SH		SOLE		310,095	0	0
INSULET CORP COM	COM	45784P101	4,051	121,476	SH		SOLE		121,476	0	0
INTEL CORP	COM	458140100	250	8,000	SH		SOLE		8,000	0	0
INTERNAP NETWORK SVCS CORP COM	COM	45885A300	5,028	491,477	SH		SOLE		491,477	0	0
INTERNATIONAL PAPER CO	COM	460146103	261	4,700	SH		SOLE		4,700	0	0
INTERSIL HLDG CORP CL A	COM	46069S109	1,151	80,400	SH		SOLE		80,400	0	0
INTRICON CORP COM	COM	46121H109	1,459	182,117	SH		SOLE		182,117	0	0
INVACARE CORP COM	COM	461203101	4,308	221,970	SH		SOLE		221,970	0	0
INVENTURE FOODS INC	COM	461212102	2,247	200,794	SH		SOLE		200,794	0	0
INVESCO LTD	COM	G491BT108	7,134	179,747	SH		SOLE		179,747	0	0
INVESTORS BANCORP INC	COM	46146L101	1,757	166,946	SH		SOLE		166,946	0	0
ISLE CAPRI CASINOS INC COM	COM	464592104	464	33,000	SH		SOLE		33,000	0	0
ITC HLDGS CORP COM	COM	465685105	8,533	227,965	SH		SOLE		227,965	0	0
ITERIS INC	COM	46564T107	36	20,000	SH		SOLE		20,000	0	0
ITRON INC	COM	465741106	624	17,100	SH		SOLE		17,100	0	0
IXIA COM	COM	45071R109	1,685	138,900	SH		SOLE		138,900	0	0
IXYS CORP DEL COM	COM	46600W106	1,154	93,700	SH		SOLE		93,700	0	0
J.P. MORGAN CHASE & CO	COM	46625H100	206	3,400	SH		SOLE		3,400	0	0
JA SOLAR HOLDINGS CO LTD SPON	COM	466090206	375	39,200	SH		SOLE		39,200	0	0
JMP GROUP INC COM	COM	46629U107	189	22,500	SH		SOLE		22,500	0	0
JOHN BEAN TECHNOLOGIES CORP CO	COM	477839104	3,488	97,649	SH		SOLE		97,649	0	0
JOURNAL COMM INC-A	COM	481130102	21,335	1,439,576	SH		SOLE		0	0	1,439,576
KAMAN CORP	COM	483548103	8,371	197,301	SH		SOLE		197,301	0	0
KAR AUCTION SVCS INC COM	COM	48238T109	1,551	40,879	SH		SOLE		40,879	0	0
KENNAMETAL INC COM	COM	489170100	560	16,622	SH		SOLE		16,622	0	0
KEY TECHNOLOGY INC COM	COM	493143101	1,929	152,009	SH		SOLE		152,009	0	0
KIMBALL ELECTRONICS INC COM	COM	49428J109	4,666	330,000	SH		SOLE		330,000	0	0
KIMBALL INTL INC CL B	COM	494274103	6,393	610,000	SH		SOLE		610,000	0	0
KKR & CO. L.P	COM	48248M102	2,072	90,843	SH		SOLE		90,843	0	0
KOPIN CORP COM	COM	500600101	651	185,000	SH		SOLE		185,000	0	0
KRATOS DEFENSE & SEC SOLUTIOCO	COM	50077B207	207	37,500	SH		SOLE		37,500	0	0
KRISPY KREME DOUGHNUTS INC.	COM	501014104	5,873	293,800	SH		SOLE		293,800	0	0
LA Z BOY CHAIR CO	COM	505336107	1,658	59,000	SH		SOLE		59,000	0	0
LABORATORY CORP AMER HLDGS COM	COM	50540R409	2,422	19,205	SH		SOLE		19,205	0	0
LAKELAND INDS INC.	COM	511795106	102	11,400	SH		SOLE		11,400	0	0
LAKES ENTMNT INC COM NEW	COM	51206P208	2,176	254,153	SH		SOLE		254,153	0	0
LANDAUER INC	COM	51476K103	281	8,000	SH		SOLE		8,000	0	0
LAWSON PRODS INC COM	COM	520776105	5,778	248,948	SH		SOLE		248,948	0	0
LAYNE CHRISTENSEN CO COM	COM	521050104	1,002	200,087	SH		SOLE		200,087	0	0
LEGACY TEX FINL GROUP INC COM	COM	52471Y106	1,764	77,600	SH		SOLE		77,600	0	0
LENDING TREE INC.	COM	52603B107	1,260	22,500	SH		SOLE		22,500	0	0
LIBERATOR MEDICAL HLDGS INC CO	COM	53012L108	1,612	460,709	SH		SOLE		460,709	0	0
LIBERTY BROADBAND CORP SERIES	COM	530307305	2,182	38,550	SH		SOLE		38,550	0	0
LIBERTY GLOBAL PLC SHS CL C	COM	G5480U120	8,659	173,844	SH		SOLE		173,844	0	0
LIBERTY MEDIA CORP SERIES C	COM	531229300	3,984	104,306	SH		SOLE		104,306	0	0
LIBERTY TAX INC	COM	53128T102	1,754	63,025	SH		SOLE		63,025	0	0
LIFEWAY FOODS INC COM	COM	531914109	3,696	172,808	SH		SOLE		172,808	0	0
LIMONEIRA CO COM	COM	532746104	4,247	194,836	SH		SOLE		194,836	0	0
LINDSAY CORP	COM	535555106	1,194	15,664	SH		SOLE		15,664	0	0
LIONBRIDGE TECHNOLOGIES INC CO	COM	536252109	2,622	458,356	SH		SOLE		458,356	0	0
LITHIA MOTORS INC.	COM	536797103	2,704	27,200	SH		SOLE		27,200	0	0
LYDALL INC COM	COM	550819106	5,359	168,949	SH		SOLE		168,949	0	0
MACQUARIE INFRASTRUCTURE COMPA	COM	55608B105	1,317	16,000	SH		SOLE		16,000	0	0
MAGNETEK INC	COM	559424403	2,899	75,255	SH		SOLE		75,255	0	0
MANCHESTER UTD PLC NEW ORD CL	COM	G5784H106	2,488	156,380	SH		SOLE		156,380	0	0
MARCUS CORP COM	COM	566330106	8,172	383,820	SH		SOLE		383,820	0	0
MARINE PRODS CORP COM	COM	568427108	11,763	1,372,622	SH		SOLE		1,372,622	0	0
MARINEMAX INC COM	COM	567908108	345	13,000	SH		SOLE		13,000	0	0
MARTHA STEWART LIVING OMNI	COM	573083102	3,039	467,570	SH		SOLE		467,570	0	0
MASTEC INC COM	COM	576323109	421	21,800	SH		SOLE		21,800	0	0
MATADOR RES CO COM	COM	576485205	875	39,900	SH		SOLE		39,900	0	0
MATERION CORPORATION	COM	576690101	6,948	180,800	SH		SOLE		180,800	0	0
MATRIX SVC CO COM	COM	576853105	191	10,850	SH		SOLE		10,850	0	0
MATTHEWS INTL CORP CL A	COM	577128101	374	7,260	SH		SOLE		7,260	0	0
MCCORMICK & CO INC NON VOTING	COM	579780206	2,096	27,179	SH		SOLE		27,179	0	0
MCGRATH RENTCORP COM	COM	580589109	1,497	45,500	SH		SOLE		45,500	0	0
MEAD JOHNSON	COM	582839106	6,136	61,035	SH		SOLE		61,035	0	0
MEADOWBROOK INS GROUP INC COM	COM	58319P108	170	20,000	SH		SOLE		20,000	0	0
MEDALLION FINANCIAL CORP	COM	583928106	926	100,000	SH		SOLE		100,000	0	0
MEDIA GEN INC NEW COM	COM	58441K100	19,605	1,188,889	SH		SOLE		1,188,889	0	0
MERCADOLIBRE INC COM	COM	58733R102	5,947	48,536	SH		SOLE		48,536	0	0
MERCURY COMPUTER SYS INC COM	COM	589378108	459	29,500	SH		SOLE		29,500	0	0
MERIDIAN BIOSCIENCE INC COM	COM	589584101	2,633	138,000	SH		SOLE		138,000	0	0
MESA LABS INC COM	COM	59064R109	3,141	43,500	SH		SOLE		43,500	0	0
METHODE ELECTRS INC CL A	COM	591520200	1,731	36,800	SH		SOLE		36,800	0	0
METTLER-TOLEDO INTL INC COM	COM	592688105	4,272	12,998	SH		SOLE		12,998	0	0
MGE ENERGY INC	COM	55277P104	1,950	44,000	SH		SOLE		44,000	0	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	337	25,000	SH		SOLE		25,000	0	0
MIDDLEBY CORP COM	COM	596278101	4,558	44,400	SH		SOLE		44,400	0	0
MIDDLESEX WTR CO COM	COM	596680108	693	30,433	SH		SOLE		30,433	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	292	4,000	SH		SOLE		4,000	0	0
MITCHAM INDS INC COM	COM	606501104	50	10,900	SH		SOLE		10,900	0	0
MITEK SYS INC COM NEW	COM	606710200	213	67,500	SH		SOLE		67,500	0	0
MOBILEYE NV	COM	N51488117	1,054	25,085	SH		SOLE		25,085	0	0
MOCON INC COM	COM	607494101	6,046	363,633	SH		SOLE		363,633	0	0
MODINE MFG CO	COM	607828100	2,648	196,600	SH		SOLE		196,600	0	0
MODUSLINK GLOBAL SOLUTIONS I	COM	60786L206	4,367	1,134,311	SH		SOLE		1,134,311	0	0
MOLYCORP INC DEL COM	COM	608753109	10	25,000	SH		SOLE		25,000	0	0
MORGANS HOTEL GROUP CO COM	COM	61748W108	4,672	602,891	SH		SOLE		602,891	0	0
MOSY INC	COM	619718109	109	52,100	SH		SOLE		52,100	0	0
MOTORCAR PTS & ACCESSORS INCCO	COM	620071100	861	31,000	SH		SOLE		31,000	0	0
MOVADO GROUP INC COM	COM	624580106	428	15,000	SH		SOLE		15,000	0	0
MSA SAFETY INC COM	COM	553498106	589	11,800	SH		SOLE		11,800	0	0
MSC INDL DIRECT INC CL A	COM	553530106	5,594	77,476	SH		SOLE		77,476	0	0
MTS SYS CORP COM	COM	553777103	439	5,802	SH		SOLE		5,802	0	0
MUELLER WATER PRODUCTS INC	COM	624758108	99	10,000	SH		SOLE		10,000	0	0
MVC CAP COM	COM	553829102	427	45,000	SH		SOLE		45,000	0	0
MYERS INDS INC	COM	628464109	10,306	587,932	SH		SOLE		587,932	0	0
MYR GROUP INC DEL COM	COM	55405W104	4,656	148,574	SH		SOLE		148,574	0	0
NAPCO SEC SYS INC COM	COM	630402105	896	154,711	SH		SOLE		154,711	0	0
NATHANS FAMOUS INC NEW COM	COM	632347100	11,184	206,534	SH		SOLE		206,534	0	0
NAUTILUS INC	COM	63910B102	1,181	77,331	SH		SOLE		77,331	0	0
NAVIGATOR HOLDINGS LTD SHS	COM	Y62132108	745	39,000	SH		SOLE		39,000	0	0
NEOGEN CORP COM	COM	640491106	5,923	126,750	SH		SOLE		126,750	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	754	161,407	SH		SOLE		161,407	0	0
NETSCOUT SYS INC COM	COM	64115T104	984	22,450	SH		SOLE		22,450	0	0
NEWPARK RES INC COM PAR$0.01NE	COM	651718504	285	31,300	SH		SOLE		31,300	0	0
NEWPORT CORP COM	COM	651824104	2,329	122,176	SH		SOLE		122,176	0	0
NIELSEN HOLDINGS NV	COM	N63218106	8,075	181,185	SH		SOLE		181,185	0	0
NOBLE CORP PLC	COM	G65431101	1,447	101,310	SH		SOLE		101,310	0	0
NORCRAFT COS INC COM	COM	65557Y105	256	10,000	SH		SOLE		10,000	0	0
NORWEGIAN CRUISE LINE HLDGS SH	COM	G66721104	5,143	95,218	SH		SOLE		95,218	0	0
NUTRACEUTICAL INTL CORP COM	COM	67060Y101	3,803	193,034	SH		SOLE		193,034	0	0
OCEANFIRST FINL CORP COM	COM	675234108	443	25,650	SH		SOLE		25,650	0	0
OFG BANCORP	COM	67103X102	223	13,650	SH		SOLE		13,650	0	0
OIL DRI CORP AMER COM	COM	677864100	4,351	129,300	SH		SOLE		129,300	0	0
OMNICARE INC COM	COM	681904108	328	4,250	SH		SOLE		4,250	0	0
OMNICELL INC COM	COM	68213N109	2,049	58,377	SH		SOLE		58,377	0	0
OMNICOM GROUP COM	COM	681919106	4,359	55,896	SH		SOLE		55,896	0	0
OMNOVA SOLUTIONS INC COM	COM	682129101	2,218	260,000	SH		SOLE		260,000	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	1,731	142,920	SH		SOLE		142,920	0	0
OPKO HEALTH INC COM	COM	68375N103	709	50,000	SH		SOLE		50,000	0	0
ORBCOMM INC COM	COM	68555P100	3,339	559,235	SH		SOLE		559,235	0	0
ORITANI FINL CORP DEL COM	COM	68633D103	839	57,692	SH		SOLE		57,692	0	0
ORTHOFIX INTL N V ORD	COM	N6748L102	1,371	38,200	SH		SOLE		38,200	0	0
O'REILLY AUTOMOTIVE INC NEW CO	COM	67103H107	8,558	39,576	SH		SOLE		39,576	0	0
PAIN THERAPEUTICS INC COM	COM	69562K100	210	110,991	SH		SOLE		110,991	0	0
PARAGON OFFSHORE PLC SHS	COM	G6S01W108	44	33,803	SH		SOLE		33,803	0	0
PARK ELECTROCHEMICAL CORP COM	COM	700416209	1,298	60,200	SH		SOLE		60,200	0	0
PARK OHIO HLDGS CORP COM	COM	700666100	7,821	148,500	SH		SOLE		148,500	0	0
PATTERSON COMPANIES INC	COM	703395103	1,618	33,163	SH		SOLE		33,163	0	0
PATTERSON-UTI ENERGY INC COM	COM	703481101	1,851	98,576	SH		SOLE		98,576	0	0
PC-TEL INC	COM	69325Q105	556	69,535	SH		SOLE		69,535	0	0
PENDRELL CORP	COM	70686R104	39	30,000	SH		SOLE		30,000	0	0
PEP BOYS MANNY MOE & JACK	COM	713278109	10,766	1,119,114	SH		SOLE		1,119,114	0	0
PERICOM SEMICONDUCTOR CORP COM	COM	713831105	1,083	70,000	SH		SOLE		70,000	0	0
PFIZER INC	COM	717081103	270	7,764	SH		SOLE		7,764	0	0
PFSWEB INC COM NEW	COM	717098206	2,068	188,172	SH		SOLE		188,172	0	0
PHI INC	COM	69336T106	246	8,200	SH		SOLE		8,200	0	0
PHOTOMEDEX INC	COM	719358301	48	24,000	SH		SOLE		24,000	0	0
PIEDMONT NAT GAS INC COM	COM	720186105	554	15,000	SH		SOLE		15,000	0	0
PIER 1 IMPORTS INC SHS BEN INT	COM	720279108	587	42,000	SH		SOLE		42,000	0	0
PINNACLE ENTMT INC COM	COM	723456109	2,526	70,000	SH		SOLE		70,000	0	0
PIONEER NAT RES CO COM	COM	723787107	6,826	41,747	SH		SOLE		41,747	0	0
POLYCOM INC COM	COM	73172K104	775	57,800	SH		SOLE		57,800	0	0
POLYONE CORP COM	COM	73179P106	332	8,900	SH		SOLE		8,900	0	0
POWELL INDS INC COM	COM	739128106	679	20,103	SH		SOLE		20,103	0	0
PREFORMED LINE PRODS CO COM	COM	740444104	328	7,788	SH		SOLE		7,788	0	0
PRG-SCHULTZ INTERNATIONAL INCO	COM	69357C503	1,726	429,325	SH		SOLE		429,325	0	0
PROCERA NETWORKS INC COM NEW	COM	74269U203	594	63,300	SH		SOLE		63,300	0	0
PROGRESS SOFTWARE CORP COM	COM	743312100	1,148	42,258	SH		SOLE		42,258	0	0
PROVIDENCE & WORCESTER RR COCO	COM	743737108	2,284	126,308	SH		SOLE		126,308	0	0
PTC INC COM	COM	69370C100	642	17,746	SH		SOLE		17,746	0	0
PZENA INVESTMENT MGMT INC CLAS	COM	74731Q103	1,467	160,000	SH		SOLE		160,000	0	0
QLOGIC CORP COM	COM	747277101	1,369	92,877	SH		SOLE		92,877	0	0
QUALSTAR CORP COM	COM	74758R109	18	12,000	SH		SOLE		12,000	0	0
QUANTA SVCS INC COM	COM	74762E102	7,871	275,899	SH		SOLE		275,899	0	0
QUIDEL CORP COM	COM	74838J101	3,968	147,061	SH		SOLE		147,061	0	0
QUMU CORP COM	COM	749063103	2,815	210,058	SH		SOLE		210,058	0	0
RANGE RES CORP COM	COM	75281A109	4,485	86,182	SH		SOLE		86,182	0	0
RAVEN INDS INC COM	COM	754212108	2,610	127,551	SH		SOLE		127,551	0	0
READING INTERNATIONAL INC CL B	COM	755408200	885	67,181	SH		SOLE		67,181	0	0
READING INTL INC CL A	COM	755408101	4,837	359,623	SH		SOLE		359,623	0	0
REALD INC	COM	75604L105	153	12,000	SH		SOLE		12,000	0	0
REGIONS FINANCIAL CORP (NEW)	COM	7591EP100	3,985	421,675	SH		SOLE		421,675	0	0
RENTRAK CORP COM	COM	760174102	1,111	20,000	SH		SOLE		20,000	0	0
REXNORD CORP NEW COM	COM	76169B102	8,405	314,920	SH		SOLE		314,920	0	0
RGC RES INC COM	COM	74955L103	881	43,600	SH		SOLE		43,600	0	0
RLJ ENTMT INC COM	COM	74965F104	88	60,000	SH		SOLE		60,000	0	0
ROFIN SINAR TECHNOLOGIES INCCO	COM	775043102	1,989	82,074	SH		SOLE		82,074	0	0
ROSETTA RESOURCES INC COM	COM	777779307	997	58,600	SH		SOLE		58,600	0	0
ROUNDYS INC	COM	779268101	685	140,000	SH		SOLE		140,000	0	0
RPC INC. COMMON	COM	749660106	1,185	92,500	SH		SOLE		92,500	0	0
RTI BIOLOGICS INC COM	COM	74975N105	336	68,000	SH		SOLE		68,000	0	0
RUSH ENTERPRISES INC CL A	COM	781846209	1,549	56,605	SH		SOLE		56,605	0	0
RUSH ENTERPRISES INC CL B	COM	781846308	2,546	103,005	SH		SOLE		103,005	0	0
RYMAN HOSPITALITY PPTYS INC CO	COM	78377T107	548	9,000	SH		SOLE		9,000	0	0
SAFEGUARD SCIENTIFICS INC COM	COM	786449207	3,427	189,555	SH		SOLE		189,555	0	0
SALEM COMMUNICATIONS CORP DECL	COM	794093104	3,801	617,008	SH		SOLE		617,008	0	0
SANOFI-AVENTIS-CVR	WARRANT AND RIGH	80105N113	271	400,000	SH		SOLE		400,000	0	0
SCHMITT INDS INC ORE COM NEW	COM	806870200	202	78,000	SH		SOLE		78,000	0	0
SCIENTIFIC GAMES CORP CL A	COM	80874P109	1,152	110,000	SH		SOLE		110,000	0	0
SCRIPPS E W CO OHIO CL A	COM	811054402	4,408	155,000	SH		SOLE		155,000	0	0
SEALED AIR CORP NEW	COM	81211K100	983	21,572	SH		SOLE		21,572	0	0
SEVCON INC	COM	81783K108	3,713	474,854	SH		SOLE		474,854	0	0
SHENANDOAH TELECOMMUNICATIONCD	COM	82312B106	7,759	249,000	SH		SOLE		249,000	0	0
SHILOH INDS INC COM	COM	824543102	1,081	77,000	SH		SOLE		77,000	0	0
SILVERCREST ASSET MGMT GROUPCL	COM	828359109	1,013	71,105	SH		SOLE		71,105	0	0
SINCLAIR BROADCAST GROUP INCCL	COM	829226109	1,037	33,000	SH		SOLE		33,000	0	0
SJW CORP COM	COM	784305104	3,440	111,304	SH		SOLE		111,304	0	0
SKYLINE CORP	COM	830830105	169	47,796	SH		SOLE		47,796	0	0
SL INDS INC COM	COM	784413106	11,568	270,600	SH		SOLE		270,600	0	0
SNYDERS LANCE INC COM	COM	833551104	5,209	163,000	SH		SOLE		163,000	0	0
SONIC AUTOMOTIVE INC CL A	COM	83545G102	1,656	66,500	SH		SOLE		66,500	0	0
SOUTHWEST BANCORP INC OKLA COM	COM	844767103	710	39,894	SH		SOLE		39,894	0	0
SPEED COMM INC COM	COM	84764T106	214	335,424	SH		SOLE		335,424	0	0
SPLUNK INC COM	COM	848637104	4,045	68,334	SH		SOLE		68,334	0	0
STAMPS.COM INC (NEW)	COM	852857200	606	9,000	SH		SOLE		9,000	0	0
STANDARD MTR PRODS INC CLASS A	COM	853666105	7,658	181,200	SH		SOLE		181,200	0	0
STANDEX INTL CORP	COM	854231107	2,300	28,000	SH		SOLE		28,000	0	0
STARRETT L S CO CL A	COM	855668109	6,053	318,600	SH		SOLE		318,600	0	0
STATE BK FINL CORP COM	COM	856190103	851	40,500	SH		SOLE		40,500	0	0
STEEL PARTNERS HLDGS L P	COM	85814R107	10,188	536,509	SH		SOLE		536,509	0	0
STEELCASE INC CL A	COM	858155203	5,781	305,207	SH		SOLE		305,207	0	0
STERICYCLE INC COM	COM	858912108	4,211	29,989	SH		SOLE		29,989	0	0
STERIS CORP COM	COM	859152100	323	4,600	SH		SOLE		4,600	0	0
STERLING BANCORP/DE	COM	85917A100	313	23,309	SH		SOLE		23,309	0	0
STIFEL FINL CORP COM	COM	860630102	2,148	38,532	SH		SOLE		38,532	0	0
STONERIDGE INC	COM	86183P102	3,262	288,920	SH		SOLE		288,920	0	0
STRATASYS LTD SHS	COM	M85548101	1,806	34,216	SH		SOLE		34,216	0	0
STRATTEC SECURITY CORP.	COM	863111100	13,217	179,000	SH		SOLE		179,000	0	0
SUNOPTA INC COM	COM	8676EP108	3,348	315,265	SH		SOLE		315,265	0	0
SUPERIOR INDS INTL INC	COM	868168105	11,547	610,000	SH		SOLE		610,000	0	0
SURMODICS INC COM	COM	868873100	7,140	274,292	SH		SOLE		274,292	0	0
SVB FINL GROUP COM	COM	78486Q101	203	1,597	SH		SOLE		1,597	0	0
SYNAPTICS INC COM	COM	87157D109	8,688	106,859	SH		SOLE		106,859	0	0
SYNERON MEDICAL LTD ORD SHS	COM	M87245102	1,253	101,249	SH		SOLE		101,249	0	0
TEJON RANCH CO DEL COM	COM	879080109	3,042	115,000	SH		SOLE		115,000	0	0
TEJON RANCH CO WT 08/31/16	WARRANT AND RIGH	879080133	12	15,170	SH		SOLE		15,170	0	0
TENNANT CO	COM	880345103	3,223	49,300	SH		SOLE		49,300	0	0
TENNECO AUTOMOTIVE INC COM	COM	880349105	2,125	37,000	SH		SOLE		37,000	0	0
TESCO CORP COM	COM	88157K101	658	57,900	SH		SOLE		57,900	0	0
THESTREET INC	COM	88368Q103	117	65,000	SH		SOLE		65,000	0	0
TITAN MACHY INC COM	COM	88830R101	1,680	125,833	SH		SOLE		125,833	0	0
TOLL BROS INC COM	COM	889478103	5,523	140,397	SH		SOLE		140,397	0	0
TOWER INTL INC COM	COM	891826109	3,582	134,665	SH		SOLE		134,665	0	0
TRANSACT TECHNOLOGIES INC COM	COM	892918103	807	136,600	SH		SOLE		136,600	0	0
TREDEGAR INDS INC	COM	894650100	4,461	221,824	SH		SOLE		221,824	0	0
TRIANGLE PETE CORP COM NEW	COM	89600B201	994	197,600	SH		SOLE		197,600	0	0
TRINITY BIOTECH PLC SPON ADR N	COM	896438306	2,637	137,000	SH		SOLE		137,000	0	0
TRINITY INDS INC	COM	896522109	673	18,956	SH		SOLE		18,956	0	0
TRISTATE CAP HLDGS INC COM	COM	89678F100	105	10,000	SH		SOLE		10,000	0	0
TRUSTCO BK CORP N Y COM	COM	898349105	469	68,100	SH		SOLE		68,100	0	0
TWIN DISC INC COM	COM	901476101	5,135	290,620	SH		SOLE		290,620	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	458	3,800	SH		SOLE		3,800	0	0
U S ENERGY CORP WYO COM	COM	911805109	18	16,000	SH		SOLE		16,000	0	0
ULTRA CLEAN HLDGS INC COM	COM	90385V107	1,123	157,000	SH		SOLE		157,000	0	0
ULTRALIFE BATTERIES INC COM	COM	903899102	427	109,198	SH		SOLE		109,198	0	0
ULTRATECH INC COM	COM	904034105	2,065	119,100	SH		SOLE		119,100	0	0
UMPQUA HLDGS CORP COM	COM	904214103	237	13,786	SH		SOLE		13,786	0	0
UNITED FINANCIAL BANCORP INC	COM	910304104	2,392	192,400	SH		SOLE		192,400	0	0
UNITED GUARDIAN INC COM	COM	910571108	1,393	74,700	SH		SOLE		74,700	0	0
UNITED NAT FOODS INC COM	COM	911163103	4,727	61,361	SH		SOLE		61,361	0	0
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	7,305	62,057	SH		SOLE		62,057	0	0
UNIVERSAL TECHNICAL INST INCCO	COM	913915104	2,518	262,336	SH		SOLE		262,336	0	0
URBAN OUTFITTERS INC COM	COM	917047102	5,081	111,307	SH		SOLE		111,307	0	0
UROPLASTY INC	COM	917277204	207	170,000	SH		SOLE		170,000	0	0
UTAH MED PRODS INC COM	COM	917488108	310	5,174	SH		SOLE		5,174	0	0
VALUE LINE INC	COM	920437100	486	33,089	SH		SOLE		33,089	0	0
VASCULAR SOLUTIONS INC COM	COM	92231M109	667	22,000	SH		SOLE		22,000	0	0
VCA ANTECH INC COM	COM	918194101	590	10,754	SH		SOLE		10,754	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	7,091	60,109	SH		SOLE		60,109	0	0
VIAD CORP COM NEW	COM	92552R406	572	20,562	SH		SOLE		20,562	0	0
VICOR CORP COM	COM	925815102	3,473	228,500	SH		SOLE		228,500	0	0
VILLAGE SUPER MKT INC CL A NEW	COM	927107409	1,244	39,581	SH		SOLE		39,581	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	318	23,045	SH		SOLE		23,045	0	0
VISHAY PRECISION GROUP INC COM	COM	92835K103	2,392	150,176	SH		SOLE		150,176	0	0
WABASH NATL CORP COM	COM	929566107	987	70,000	SH		SOLE		70,000	0	0
WASHINGTON FED INC	COM	938824109	660	30,250	SH		SOLE		30,250	0	0
WASHINGTON TR BANCORP COM	COM	940610108	2,594	67,920	SH		SOLE		67,920	0	0
WATERSTONE FINL INC MD COM	COM	94188P101	1,392	108,400	SH		SOLE		108,400	0	0
WAUSAU PAPER CORP	COM	943315101	1,287	135,000	SH		SOLE		135,000	0	0
WEATHERFORD INTERNATIONAL PLC	COM	G48833100	3,557	289,167	SH		SOLE		289,167	0	0
WELLS FARGO & CO NEW	COM	949746101	272	5,000	SH		SOLE		5,000	0	0
WEST MARINE INC COM	COM	954235107	1,244	134,231	SH		SOLE		134,231	0	0
WESTFIELD FINANCIAL INC NEW CO	COM	96008P104	673	87,100	SH		SOLE		87,100	0	0
WILLAMETTE VY VINEYARD INC COM	COM	969136100	136	23,000	SH		SOLE		23,000	0	0
WILSHIRE BANCORP INC COM	COM	97186T108	284	28,500	SH		SOLE		28,500	0	0
WINMARK CORP COM	COM	974250102	350	4,000	SH		SOLE		4,000	0	0
WINNEBAGO INDS INC COM	COM	974637100	1,297	61,000	SH		SOLE		61,000	0	0
WISDOMTREE INVTS INC COM	COM	97717P104	4,585	213,634	SH		SOLE		213,634	0	0
WOODWARD INC	COM	980745103	416	8,150	SH		SOLE		8,150	0	0
WORLD WRESTLING ENTERTAINMENT	COM	98156Q108	2,768	197,543	SH		SOLE		197,543	0	0
XENITH BANKSHARES INC COM	COM	98410X105	261	42,900	SH		SOLE		42,900	0	0
XO GROUP INC COM	COM	983772104	1,325	74,991	SH		SOLE		74,991	0	0
YORK WTR CO COM	COM	987184108	1,081	44,537	SH		SOLE		44,537	0	0
ZEP INC	COM	98944B108	5,575	327,343	SH		SOLE		327,343	0	0
ZIONS BANCORPORATION COM	COM	989701107	4,985	184,644	SH		SOLE		184,644	0	0
ZOETIS INC	COM	98978V103	271	5,858	SH		SOLE		5,858	0	0
ZULILY INC - CL A	COM	989774104	2,446	188,291	SH		SOLE		188,291	0	0