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	3,534	485,500	SH		SOLE		485,500	0	0
AARON'S INC	COM	002535300	1,075	48,000	SH		SOLE		48,000	0	0
ABM INDS INC COM	COM	000957100	856	30,050	SH		SOLE		30,050	0	0
ABRAXAS PETE CORP	COM	003830106	76	71,554	SH		SOLE		71,554	0	0
ACCURAY INC COM	COM	004397105	222	32,960	SH		SOLE		32,960	0	0
ACCURIDE CORP NEW	COM	00439T206	601	361,976	SH		SOLE		361,976	0	0
ACE LTD SHS	COM	H0023R105	2,968	25,396	SH		SOLE		25,396	0	0
ACME UTD CORP COM	COM	004816104	2,213	127,200	SH		SOLE		127,200	0	0
ACTIVISION BLIZZARD,INC	COM	00507V109	4,562	117,841	SH		SOLE		117,841	0	0
AEP INDS INC COM	COM	001031103	5,747	74,492	SH		SOLE		74,492	0	0
AEROJET ROCKETDYNE HOLDINGS	COM	007800105	19,088	1,218,900	SH		SOLE		1,218,900	0	0
AES CORP COM	COM	00130H105	1,657	173,119	SH		SOLE		173,119	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	2,267	14,192	SH		SOLE		14,192	0	0
ALERE INC	COM	01449J105	496	12,700	SH		SOLE		12,700	0	0
ALEXION PHARMACEUTICALS INC CO	COM	015351109	4,080	21,388	SH		SOLE		21,388	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	3,388	80,000	SH		SOLE		80,000	0	0
AMERICAN EAGLE OUTFITTERS INCO	COM	02553E106	1,119	72,200	SH		SOLE		72,200	0	0
AMERICAN INTERNATIONAL GROUP I	COM	026874784	310	5,000	SH		SOLE		5,000	0	0
AMERICAN RAILCAR INDS INC COM	COM	02916P103	430	9,292	SH		SOLE		9,292	0	0
AMERICAN SOFTWARE INC CL A	COM	029683109	1,466	144,013	SH		SOLE		144,013	0	0
AMERICAN TOWER CORP-CL A	COM	03027X100	4,150	42,807	SH		SOLE		42,807	0	0
AMPCO PITTSBURGH CORP	COM	032037103	4,390	427,900	SH		SOLE		427,900	0	0
AMTECH SYS INC COM PAR $0.01N	COM	032332504	113	18,100	SH		SOLE		18,100	0	0
ANCHOR BANK CORP	COM	032838104	1,279	49,400	SH		SOLE		49,400	0	0
ANGIODYNAMICS INC COM	COM	03475V101	739	60,866	SH		SOLE		60,866	0	0
APPLE INC	COM	037833100	442	4,200	SH		SOLE		4,200	0	0
ARCTIC CAT INC COM	COM	039670104	421	25,684	SH		SOLE		25,684	0	0
ARTESIAN RES CORP COM CL A	COM	043113208	671	24,226	SH		SOLE		24,226	0	0
ASCENT CAPITAL GROUP INC	COM	043632108	4,673	279,463	SH		SOLE		279,463	0	0
ASTEC INDS INC COM	COM	046224101	13,332	327,560	SH		SOLE		327,560	0	0
ASTRONICS CORP COM	COM	046433108	550	13,500	SH		SOLE		13,500	0	0
ATLANTIC AMERN CORP COM	COM	048209100	100	20,000	SH		SOLE		20,000	0	0
ATLANTIC TELE NETWORK INC COM	COM	049079205	5,492	70,200	SH		SOLE		70,200	0	0
AVID TECHNOLOGY INC	COM	05367P100	459	63,000	SH		SOLE		63,000	0	0
AZZ INC COM	COM	002474104	1,111	20,000	SH		SOLE		20,000	0	0
BADGER METER INC COM	COM	056525108	1,816	31,000	SH		SOLE		31,000	0	0
BANKUNITED INC COM	COM	06652K103	4,745	131,589	SH		SOLE		131,589	0	0
BASSETT FURNITURE INDS	COM	070203104	3,812	152,000	SH		SOLE		152,000	0	0
BBCN BANCORP INC	COM	073295107	1,186	68,850	SH		SOLE		68,850	0	0
BEASLEY BROADCAST GRP INC.	COM	074014101	2,624	730,800	SH		SOLE		730,800	0	0
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	362	12,446	SH		SOLE		12,446	0	0
BEST BUY INC COM	COM	086516101	213	7,000	SH		SOLE		7,000	0	0
BIG 5 SPORTING GOODS CORP COM	COM	08915P101	2,862	286,500	SH		SOLE		286,500	0	0
BIGLARI HOLDINGS INC	COM	08986R101	3,779	11,597	SH		SOLE		11,597	0	0
BIOLASE TECHNOLOGY INC COM	COM	090911108	287	341,461	SH		SOLE		341,461	0	0
BIOSCRIP INC	COM	09069N108	1,170	668,701	SH		SOLE		668,701	0	0
BIOTELEMETRY INC COM	COM	090672106	1,578	135,100	SH		SOLE		135,100	0	0
BLOUNT INTL INC NEW COM	COM	095180105	1,962	200,000	SH		SOLE		200,000	0	0
BLUCORA INC	COM	095229100	2,061	210,285	SH		SOLE		210,285	0	0
BON-TON STORES INC COM	COM	09776J101	1,029	490,000	SH		SOLE		490,000	0	0
BOSTON BEER INC CL A	COM	100557107	1,757	8,700	SH		SOLE		8,700	0	0
BOTTOMLINE TECH DEL INC COM	COM	101388106	526	17,700	SH		SOLE		17,700	0	0
BOULDER BRANDS INC COM	COM	101405108	6,632	603,973	SH		SOLE		603,973	0	0
BOYD GAMING CORP	COM	103304101	1,427	71,800	SH		SOLE		71,800	0	0
BRIGGS & STRATTON CORPORATION	COM	109043109	718	41,500	SH		SOLE		41,500	0	0
BRIGHT HORIZONS FAM SOL IN DCO	COM	109194100	2,928	43,831	SH		SOLE		43,831	0	0
BRINKS CO COM	COM	109696104	776	26,900	SH		SOLE		26,900	0	0
BROADWIND ENERGY INC COM NEW	COM	11161T207	229	109,940	SH		SOLE		109,940	0	0
BROWN & BROWN INC COM	COM	115236101	564	17,584	SH		SOLE		17,584	0	0
BUILDERS FIRSTSOURCE	COM	12008R107	270	24,400	SH		SOLE		24,400	0	0
BURLINGTON STORES INC COM	COM	122017106	2,666	62,154	SH		SOLE		62,154	0	0
CABOT MICROELECTRONICS	COM	12709P103	1,016	23,200	SH		SOLE		23,200	0	0
CADIZ INC	COM	127537207	238	45,174	SH		SOLE		45,174	0	0
CALAVO GROWERS INC COM	COM	128246105	5,285	107,863	SH		SOLE		107,863	0	0
CALIFORNIA WTR SVC GROUP COM	COM	130788102	577	24,800	SH		SOLE		24,800	0	0
CALLAWAY GOLF CO COM	COM	131193104	525	55,687	SH		SOLE		55,687	0	0
CALLIDUS SOFTWARE INC COM	COM	13123E500	5,887	317,000	SH		SOLE		317,000	0	0
CALLON PETE CO DEL COM	COM	13123X102	1,625	194,844	SH		SOLE		194,844	0	0
CAMBIUM LEARNING GRP INC COM	COM	13201A107	49	10,000	SH		SOLE		10,000	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	2,803	44,344	SH		SOLE		44,344	0	0
CANTEL MEDICAL CORP COM	COM	138098108	16,519	265,837	SH		SOLE		265,837	0	0
CANTERBURY PK HLDG CORP	COM	13811E101	3,621	353,300	SH		SOLE		353,300	0	0
CARBONITE INC	COM	141337105	742	75,687	SH		SOLE		75,687	0	0
CARDICA INC COM	COM	14141R101	4	24,000	SH		SOLE		24,000	0	0
CARDIOVASCULAR SYS INC DEL COM	COM	141619106	1,680	111,100	SH		SOLE		111,100	0	0
CAREDX INC	COM	14167L103	64	10,000	SH		SOLE		10,000	0	0
CARPENTER TECHNOLOGY CORP COM	COM	144285103	418	13,800	SH		SOLE		13,800	0	0
CARRIZO OIL & CO INC COM	COM	144577103	609	20,600	SH		SOLE		20,600	0	0
CASCADE MICROTECH INC COM	COM	147322101	4,047	249,060	SH		SOLE		249,060	0	0
CASELLA WASTE SYS INC CL A	COM	147448104	3,631	607,228	SH		SOLE		607,228	0	0
CASTLE A M & CO COM	COM	148411101	32	20,000	SH		SOLE		20,000	0	0
CASTLIGHT HEALTH INC-B	COM	14862Q100	932	218,339	SH		SOLE		218,339	0	0
CAVCO INDUSTRIES	COM	149568107	4,749	57,000	SH		SOLE		57,000	0	0
CBRE GROUP INC CL A	COM	12504L109	4,979	143,998	SH		SOLE		143,998	0	0
CECO ENVIRONMENTAL CORP COM	COM	125141101	121	15,718	SH		SOLE		15,718	0	0
CENVEO INC COM	COM	15670S105	16	18,000	SH		SOLE		18,000	0	0
CEPHEID COM	COM	15670R107	2,283	62,500	SH		SOLE		62,500	0	0
CHASE CORP	COM	16150R104	4,852	119,122	SH		SOLE		119,122	0	0
CHEESECAKE FACTORY INC	COM	163072101	2,536	55,000	SH		SOLE		55,000	0	0
CHEMTURA CORP COM NEW	COM	163893209	3,041	111,500	SH		SOLE		111,500	0	0
CHESAPEAKE UTILS CORP COM	COM	165303108	2,483	43,750	SH		SOLE		43,750	0	0
CHIPOTLE MEXICAN GRILL INC CL	COM	169656105	932	1,942	SH		SOLE		1,942	0	0
CHURCHILL DOWNS INC COM	COM	171484108	9,910	70,040	SH		SOLE		70,040	0	0
CIMAREX ENERGY CO COM	COM	171798101	1,243	13,902	SH		SOLE		13,902	0	0
CINCINNATI BELL	COM	171871106	4,781	1,328,115	SH		SOLE		1,328,115	0	0
CINEDIGM CORP COM	COM	172406100	4	16,000	SH		SOLE		16,000	0	0
CIRCOR INTL INC COM	COM	17273K109	6,900	163,700	SH		SOLE		163,700	0	0
CITIGROUP INC	COM	172967424	207	4,000	SH		SOLE		4,000	0	0
CITIZENS & NORTHN CORP COM	COM	172922106	382	18,200	SH		SOLE		18,200	0	0
CME GROUP INC COM	COM	12572Q105	254	2,800	SH		SOLE		2,800	0	0
COBIZ FINANCIAL INC COM	COM	190897108	1,732	129,039	SH		SOLE		129,039	0	0
COCA-COLA ENTERPRISES, INC.	COM	19122T109	4,000	81,229	SH		SOLE		81,229	0	0
COGENTIX MEDICAL INC	COM	19243A104	159	123,525	SH		SOLE		123,525	0	0
COHEN & STEERS INC COM	COM	19247A100	3,200	105,000	SH		SOLE		105,000	0	0
COLUMBIA BKG SYS INC COM	COM	197236102	653	20,101	SH		SOLE		20,101	0	0
COLUMBUS MCKINNON CORP N Y COM	COM	199333105	2,413	127,660	SH		SOLE		127,660	0	0
COMMUNICATIONS SYS	COM	203900105	2,260	290,798	SH		SOLE		290,798	0	0
COMPUTER TASK GROUP INC COM	COM	205477102	200	30,145	SH		SOLE		30,145	0	0
CONSOLIDATED COMM HLDGS INC CO	COM	209034107	855	40,801	SH		SOLE		40,801	0	0
CONSOLIDATED WATER CO LTD ORD	COM	G23773107	796	65,000	SH		SOLE		65,000	0	0
CONSTANT CONTACT INC	COM	210313102	822	28,100	SH		SOLE		28,100	0	0
CORE MOLDING TECH COM	COM	218683100	3,916	305,202	SH		SOLE		305,202	0	0
CORNERSTONE ONDEMAND INC COM	COM	21925Y103	4,747	137,486	SH		SOLE		137,486	0	0
CORRECTIONS CORP AMER NEW COM	COM	22025Y407	2,277	85,958	SH		SOLE		85,958	0	0
COTT CORP COM	COM	22163N106	1,209	110,000	SH		SOLE		110,000	0	0
COVISINT CORP	COM	22357R103	811	324,217	SH		SOLE		324,217	0	0
CROWN HOLDINGS INC COM	COM	228368106	385	7,600	SH		SOLE		7,600	0	0
CROWN MEDIA HLDGS INC CL A	COM	228411104	746	133,000	SH		SOLE		133,000	0	0
CTS CORP	COM	126501105	6,071	344,177	SH		SOLE		344,177	0	0
CUMMINS ENGINE INC	COM	231021106	1,330	15,117	SH		SOLE		15,117	0	0
CUMULUS MEDIA INC CL A	COM	231082108	13	38,000	SH		SOLE		38,000	0	0
CUTERA INC COM	COM	232109108	4,400	344,000	SH		SOLE		344,000	0	0
CYPRESS SEMICONDUCTOR CORP COM	COM	232806109	785	80,000	SH		SOLE		80,000	0	0
DAKOTA PLAINS HLDGS INC COM	COM	234255107	4	18,000	SH		SOLE		18,000	0	0
DAKTRONICS INC COM	COM	234264109	506	58,000	SH		SOLE		58,000	0	0
DANA HOLDING CORP COM	COM	235825205	1,449	105,000	SH		SOLE		105,000	0	0
DATAWATCH CORP COM NEW	COM	237917208	197	33,000	SH		SOLE		33,000	0	0
DAWSON GEOPHYSICAL CO NEW COM	COM	239360100	69	20,027	SH		SOLE		20,027	0	0
DELTA NAT GAS INC COM	COM	247748106	2,204	105,000	SH		SOLE		105,000	0	0
DENNYS CORP COM	COM	24869P104	747	76,000	SH		SOLE		76,000	0	0
DESTINATION XL GROUP INC	COM	25065K104	166	30,000	SH		SOLE		30,000	0	0
DEXCOM INC COM	COM	252131107	287	3,500	SH		SOLE		3,500	0	0
DIAMOND FOODS INC COM	COM	252603105	4,009	104,000	SH		SOLE		104,000	0	0
DIGI INTL INC COM	COM	253798102	638	56,101	SH		SOLE		56,101	0	0
DIME CMNTY BANCORP INC COM	COM	253922108	626	35,800	SH		SOLE		35,800	0	0
DIPLOMAT PHARMACY INC COM	COM	25456K101	1,025	29,950	SH		SOLE		29,950	0	0
DISCOVERY COMMS NEW SER C	COM	25470F302	3,467	137,470	SH		SOLE		137,470	0	0
DOVER DOWNS GAMING & ENTMT INC	COM	260095104	135	139,000	SH		SOLE		139,000	0	0
DUCOMMUN INC DEL COM	COM	264147109	2,038	125,642	SH		SOLE		125,642	0	0
DXP ENTERPRISES INC NEW COM NE	COM	233377407	278	12,200	SH		SOLE		12,200	0	0
EARTHLINK HLDGS CORP COM	COM	27033X101	4,468	601,350	SH		SOLE		601,350	0	0
EASTERN CO COM	COM	276317104	6,056	322,122	SH		SOLE		322,122	0	0
ECOLAB INC	COM	278865100	3,434	30,023	SH		SOLE		30,023	0	0
EDGEWATER TECHNOLOGY INC COM	COM	280358102	5,651	705,520	SH		SOLE		705,520	0	0
ELDORADO RESORTS INC COM	COM	28470R102	1,012	92,000	SH		SOLE		92,000	0	0
ELECTRO SCIENTIFIC INDS INC CO	COM	285229100	386	74,439	SH		SOLE		74,439	0	0
ELECTROMED INC COM	COM	285409108	147	77,500	SH		SOLE		77,500	0	0
ELIZABETH ARDEN INC	COM	28660G106	376	38,000	SH		SOLE		38,000	0	0
EMCOR GROUP INC COM	COM	29084Q100	1,071	22,300	SH		SOLE		22,300	0	0
ENERGY RECOVERY INC	COM	29270J100	481	68,000	SH		SOLE		68,000	0	0
ENERSYS COM	COM	29275Y102	995	17,786	SH		SOLE		17,786	0	0
ENTEGRIS INC COM	COM	29362U104	3,848	290,000	SH		SOLE		290,000	0	0
ENTERCOM COMMUNICATIONS CORPCL	COM	293639100	996	88,700	SH		SOLE		88,700	0	0
ENTRAVISION COMM CORP CL A	COM	29382R107	5,534	717,763	SH		SOLE		717,763	0	0
EQUINIX INC COM	COM	29444U700	4,312	14,259	SH		SOLE		14,259	0	0
ETHAN ALLEN INTERIORS INC COM	COM	297602104	4,805	172,716	SH		SOLE		172,716	0	0
EVINE LIVE INC	COM	300487105	319	179,200	SH		SOLE		179,200	0	0
EXACT SCIENCES CORP COM	COM	30063P105	2,987	323,609	SH		SOLE		323,609	0	0
EXACTECH INC COM	COM	30064E109	4,219	232,473	SH		SOLE		232,473	0	0
EXELIXIS INC COM	COM	30161Q104	1,128	200,000	SH		SOLE		200,000	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	2,702	59,901	SH		SOLE		59,901	0	0
EXTREME NETWORKS INC COM	COM	30226D106	2,075	508,700	SH		SOLE		508,700	0	0
FALCONSTOR SOFTWARE INC COM	COM	306137100	1,504	800,000	SH		SOLE		800,000	0	0
FAMOUS DAVES AMER INC COM	COM	307068106	688	99,203	SH		SOLE		99,203	0	0
FARMER BROS CO	COM	307675108	6,258	193,913	SH		SOLE		193,913	0	0
FARMERS NATL BANC CORP COM	COM	309627107	344	40,000	SH		SOLE		40,000	0	0
FEDERAL MOGUL CORP CL A	COM	313549404	1,918	280,047	SH		SOLE		280,047	0	0
FEDERAL SIGNAL CORP COM	COM	313855108	11,491	725,000	SH		SOLE		725,000	0	0
FERRO CORP	COM	315405100	13,377	1,203,000	SH		SOLE		1,203,000	0	0
FIDELITY SOUTHERN CORP	COM	316394105	255	11,418	SH		SOLE		11,418	0	0
FINANCIAL ENGINES INC COM	COM	317485100	1,488	44,205	SH		SOLE		44,205	0	0
FIRST INTERNET BANCORP COM	COM	320557101	918	32,000	SH		SOLE		32,000	0	0
FLOTEK INDS INC DEL COM	COM	343389102	289	25,300	SH		SOLE		25,300	0	0
FLUSHING FINL CORP COM	COM	343873105	12,934	597,700	SH		SOLE		597,700	0	0
FORMFACTOR INC COM	COM	346375108	3,779	419,928	SH		SOLE		419,928	0	0
FORTINET INC COM	COM	34959E109	6,306	202,294	SH		SOLE		202,294	0	0
FORTUNE BRANDS HOME & SECURITY	COM	34964C106	4,289	77,278	SH		SOLE		77,278	0	0
FOSTER L B CO COM	COM	350060109	670	49,077	SH		SOLE		49,077	0	0
FREEPORT MCMORAN COPPER&GOLD C	COM	35671D857	108	16,000	SH		SOLE		16,000	0	0
FREQUENCY ELECTRS INC COM	COM	358010106	212	20,000	SH		SOLE		20,000	0	0
FRESH MKT INC COM	COM	35804H106	201	8,600	SH		SOLE		8,600	0	0
FRP HLDGS INC COM	COM	30292L107	679	20,000	SH		SOLE		20,000	0	0
FTI CONSULTING INC COM	COM	302941109	1,202	34,668	SH		SOLE		34,668	0	0
FULL HOUSE RESORTS INC COM	COM	359678109	434	260,000	SH		SOLE		260,000	0	0
FURMANITE CORPORATION	COM	361086101	3,719	558,461	SH		SOLE		558,461	0	0
GAMING & LEISURE PPTYS INC COM	COM	36467J108	1,968	70,785	SH		SOLE		70,785	0	0
GAS NAT INC COM	COM	367204104	209	28,000	SH		SOLE		28,000	0	0
GASTAR EXPL INC NEW COM	COM	36729W202	125	95,800	SH		SOLE		95,800	0	0
GENCOR INDS INC COM	COM	368678108	4,056	358,974	SH		SOLE		358,974	0	0
GENERAL ELEC CO	COM	369604103	218	7,000	SH		SOLE		7,000	0	0
GENESIS HEALTHCARE INC CL A CO	COM	37185X106	153	44,200	SH		SOLE		44,200	0	0
GENTHERM INC COM	COM	37253A103	1,318	27,800	SH		SOLE		27,800	0	0
GIBRALTER INDUSTRIES INC	COM	374689107	1,770	69,584	SH		SOLE		69,584	0	0
GLACIER BANCORP INC NEW COM	COM	37637Q105	674	25,400	SH		SOLE		25,400	0	0
GLOBAL POWER EQUIPMENT GRP INC	COM	37941P306	202	58,000	SH		SOLE		58,000	0	0
GLOBAL SOURCES LTD COM	COM	G39300101	3,582	459,202	SH		SOLE		459,202	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	4,538	443,563	SH		SOLE		443,563	0	0
GORMAN RUPP CO	COM	383082104	3,288	123,000	SH		SOLE		123,000	0	0
GP STRATEGIES CORP COM	COM	36225V104	2,543	101,271	SH		SOLE		101,271	0	0
GRAHAM CORP COM	COM	384556106	555	33,000	SH		SOLE		33,000	0	0
GRAY TELEVISION, INC	COM	389375106	4,247	260,549	SH		SOLE		260,549	0	0
GRAY TELEVISION, INC CL A	COM	389375205	1,120	80,042	SH		SOLE		80,042	0	0
GREENBRIER COS INC	COM	393657101	1,364	41,800	SH		SOLE		41,800	0	0
GRIFFIN INDUSTRIAL REALTY IN	COM	398231100	6,156	236,593	SH		SOLE		236,593	0	0
GRIFFON CORP COM	COM	398433102	7,747	435,241	SH		SOLE		435,241	0	0
GSE SYS INC COM	COM	36227K106	48	20,000	SH		SOLE		20,000	0	0
GUIDANCE SOFTWARE INC COM	COM	401692108	3,573	593,507	SH		SOLE		593,507	0	0
GULF COAST ULTRA DEEP RTY TR R	UNITS	40222T104	60	400,181	SH		SOLE		400,181	0	0
GULF ISLAND FABRICATION INC CO	COM	402307102	174	16,671	SH		SOLE		16,671	0	0
GULFPORT ENERGY CORP COM NEW	COM	402635304	1,525	62,075	SH		SOLE		62,075	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	3,231	80,000	SH		SOLE		80,000	0	0
HALLMARK FINL SVCS INC ECCOM N	COM	40624Q203	2,149	183,860	SH		SOLE		183,860	0	0
HANCOCK HOLDING CO	COM	410120109	403	16,000	SH		SOLE		16,000	0	0
HANESBRANDS INC COM	COM	410345102	336	11,400	SH		SOLE		11,400	0	0
HARVARD BIOSCIENCE INC COM	COM	416906105	663	191,024	SH		SOLE		191,024	0	0
HAVERTY FURNITURE INC COM	COM	419596101	446	20,800	SH		SOLE		20,800	0	0
HAWKINS INC COM	COM	420261109	5,683	158,881	SH		SOLE		158,881	0	0
HAYNES INTERNATIONAL INC	COM	420877201	972	26,500	SH		SOLE		26,500	0	0
HC2 HLDGS INC COM	COM	404139107	3,778	714,117	SH		SOLE		714,117	0	0
HEADWATERS INC COM	COM	42210P102	2,522	149,500	SH		SOLE		149,500	0	0
HEMISPHERE MEDIA GROUP INC CL	COM	42365Q103	491	33,300	SH		SOLE		33,300	0	0
HERITAGE COMMERCE CORP COM	COM	426927109	311	26,000	SH		SOLE		26,000	0	0
HESKA CORPORATION COM NEW	COM	42805E306	1,470	38,000	SH		SOLE		38,000	0	0
HEXCEL CORP NEW COM	COM	428291108	5,087	109,523	SH		SOLE		109,523	0	0
HILLTOP HOLDINGS INC COM	COM	432748101	1,480	77,000	SH		SOLE		77,000	0	0
HOME DEPOT INC	COM	437076102	265	2,000	SH		SOLE		2,000	0	0
HOMESTREET INC COM	COM	43785V102	651	30,000	SH		SOLE		30,000	0	0
HONEYWELL INT'L INC	COM	438516106	207	2,000	SH		SOLE		2,000	0	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	320	107,700	SH		SOLE		107,700	0	0
HUTTIG BLDG PRODS INC COM	COM	448451104	3,292	866,265	SH		SOLE		866,265	0	0
HYATT HOTELS CORP COM CL A	COM	448579102	2,586	54,994	SH		SOLE		54,994	0	0
ICF INTL INC COM	COM	44925C103	829	23,300	SH		SOLE		23,300	0	0
ICU MEDICAL INC	COM	44930G107	870	7,714	SH		SOLE		7,714	0	0
IHS INC CL A	COM	451734107	3,005	25,371	SH		SOLE		25,371	0	0
ILLUMINA	COM	452327109	2,760	14,381	SH		SOLE		14,381	0	0
IMAX CORP COM	COM	45245E109	1,137	32,000	SH		SOLE		32,000	0	0
INCYTE GENOMICS INC COM	COM	45337C102	3,418	31,513	SH		SOLE		31,513	0	0
INFUSYSTEM HLDGS INC COM	COM	45685K102	1,914	633,835	SH		SOLE		633,835	0	0
INGLES MKTS INC CL A	COM	457030104	7,635	173,200	SH		SOLE		173,200	0	0
INNOVATIVE SOLUTIONS & SUPPOCO	COM	45769N105	466	168,710	SH		SOLE		168,710	0	0
INSIGNIA SYS INC COM	COM	45765Y105	903	314,509	SH		SOLE		314,509	0	0
INSULET CORP COM	COM	45784P101	2,805	74,178	SH		SOLE		74,178	0	0
INTERNAP NETWORK SVCS CORP COM	COM	45885A300	3,209	501,477	SH		SOLE		501,477	0	0
INTERSIL HLDG CORP CL A	COM	46069S109	917	71,900	SH		SOLE		71,900	0	0
INTRICON CORP COM	COM	46121H109	1,361	179,617	SH		SOLE		179,617	0	0
INVACARE CORP COM	COM	461203101	3,860	221,970	SH		SOLE		221,970	0	0
INVENTURE FOODS INC	COM	461212102	1,536	216,394	SH		SOLE		216,394	0	0
INVESCO LTD	COM	G491BT108	3,109	92,863	SH		SOLE		92,863	0	0
INVESTORS BANCORP INC	COM	46146L101	1,838	147,746	SH		SOLE		147,746	0	0
ITC HLDGS CORP COM	COM	465685105	4,905	124,962	SH		SOLE		124,962	0	0
ITERIS INC	COM	46564T107	43	20,000	SH		SOLE		20,000	0	0
IXIA COM	COM	45071R109	1,662	133,700	SH		SOLE		133,700	0	0
IXYS CORP DEL COM	COM	46600W106	1,183	93,700	SH		SOLE		93,700	0	0
J.P. MORGAN CHASE & CO	COM	46625H100	225	3,400	SH		SOLE		3,400	0	0
JA SOLAR HOLDINGS CO LTD SPON	COM	466090206	380	39,200	SH		SOLE		39,200	0	0
JAMBA INC COM NEW	COM	47023A309	464	34,400	SH		SOLE		34,400	0	0
JASON INDS INC COM	COM	471172106	95	25,000	SH		SOLE		25,000	0	0
JOHN BEAN TECHNOLOGIES CORP CO	COM	477839104	4,866	97,649	SH		SOLE		97,649	0	0
JOURNAL MEDIA GROUP INC COM	COM	48114A109	3,875	322,367	SH		SOLE		322,367	0	0
KAMAN CORP	COM	483548103	8,052	197,301	SH		SOLE		197,301	0	0
KAR AUCTION SVCS INC COM	COM	48238T109	1,436	38,779	SH		SOLE		38,779	0	0
KEY TECHNOLOGY INC COM	COM	493143101	1,576	152,009	SH		SOLE		152,009	0	0
KIMBALL ELECTRONICS INC COM	COM	49428J109	2,791	254,000	SH		SOLE		254,000	0	0
KIMBALL INTL INC CL B	COM	494274103	6,841	700,179	SH		SOLE		700,179	0	0
KINDER MORGAN INC WT EXP 05/25	WARRANT AND RIGH	49456B119	3	50,000	SH		SOLE		50,000	0	0
KKR & CO. L.P	COM	48248M102	1,416	90,843	SH		SOLE		90,843	0	0
KOPIN CORP COM	COM	500600101	503	185,000	SH		SOLE		185,000	0	0
KRISPY KREME DOUGHNUTS INC.	COM	501014104	4,428	293,800	SH		SOLE		293,800	0	0
LA Z BOY CHAIR CO	COM	505336107	1,441	59,000	SH		SOLE		59,000	0	0
LABORATORY CORP AMER HLDGS COM	COM	50540R409	3,319	26,843	SH		SOLE		26,843	0	0
LAKELAND INDS INC.	COM	511795106	136	11,400	SH		SOLE		11,400	0	0
LANDAUER INC	COM	51476K103	263	8,000	SH		SOLE		8,000	0	0
LANDS END INC NEW COM	COM	51509F105	516	22,000	SH		SOLE		22,000	0	0
LAWSON PRODS INC COM	COM	520776105	5,795	248,172	SH		SOLE		248,172	0	0
LAYNE CHRISTENSEN CO COM	COM	521050104	1,068	203,000	SH		SOLE		203,000	0	0
LEGACY TEX FINL GROUP INC COM	COM	52471Y106	1,494	59,700	SH		SOLE		59,700	0	0
LENDING TREE INC.	COM	52603B107	1,893	21,200	SH		SOLE		21,200	0	0
LIBERATOR MEDICAL HLDGS INC CO	COM	53012L108	1,734	519,056	SH		SOLE		519,056	0	0
LIBERTY BROADBAND CORP SERIES	COM	530307305	1,034	19,941	SH		SOLE		19,941	0	0
LIBERTY GLOBAL PLC SHS CL C	COM	G5480U120	3,272	80,263	SH		SOLE		80,263	0	0
LIBERTY INTERACTIVE CORP	COM	53071M104	1,072	39,256	SH		SOLE		39,256	0	0
LIBERTY MEDIA CORP SERIES C	COM	531229300	2,053	53,925	SH		SOLE		53,925	0	0
LIBERTY TAX INC	COM	53128T102	1,502	63,025	SH		SOLE		63,025	0	0
LIFEWAY FOODS INC COM	COM	531914109	1,918	172,808	SH		SOLE		172,808	0	0
LIMONEIRA CO COM	COM	532746104	2,926	195,836	SH		SOLE		195,836	0	0
LINDSAY CORP	COM	535555106	1,134	15,664	SH		SOLE		15,664	0	0
LIONBRIDGE TECHNOLOGIES INC CO	COM	536252109	2,251	458,356	SH		SOLE		458,356	0	0
LITHIA MOTORS INC.	COM	536797103	2,901	27,200	SH		SOLE		27,200	0	0
LYDALL INC COM	COM	550819106	5,498	154,949	SH		SOLE		154,949	0	0
MACQUARIE INFRASTRUCTURE COMPA	COM	55608B105	1,162	16,000	SH		SOLE		16,000	0	0
MANCHESTER UTD PLC NEW ORD CL	COM	G5784H106	1,674	94,012	SH		SOLE		94,012	0	0
MARCUS CORP COM	COM	566330106	7,186	378,812	SH		SOLE		378,812	0	0
MARINE PRODS CORP COM	COM	568427108	8,840	1,463,500	SH		SOLE		1,463,500	0	0
MARINEMAX INC COM	COM	567908108	239	13,000	SH		SOLE		13,000	0	0
MATADOR RES CO COM	COM	576485205	704	35,600	SH		SOLE		35,600	0	0
MATERION CORPORATION	COM	576690101	4,978	177,800	SH		SOLE		177,800	0	0
MATTHEWS INTL CORP CL A	COM	577128101	297	5,560	SH		SOLE		5,560	0	0
MCCORMICK & CO INC NON VOTING	COM	579780206	1,202	14,046	SH		SOLE		14,046	0	0
MCGRATH RENTCORP COM	COM	580589109	1,015	40,300	SH		SOLE		40,300	0	0
MEAD JOHNSON	COM	582839106	2,490	31,539	SH		SOLE		31,539	0	0
MEDALLION FINANCIAL CORP	COM	583928106	704	100,000	SH		SOLE		100,000	0	0
MEDIA GEN INC NEW COM	COM	58441K100	19,201	1,188,889	SH		SOLE		1,188,889	0	0
MERCADOLIBRE INC COM	COM	58733R102	3,227	28,227	SH		SOLE		28,227	0	0
MERCK & COMPANY	COM	58933Y105	201	3,800	SH		SOLE		3,800	0	0
MERCURY COMPUTER SYS INC COM	COM	589378108	652	35,500	SH		SOLE		35,500	0	0
MERIDIAN BIOSCIENCE INC COM	COM	589584101	2,832	138,000	SH		SOLE		138,000	0	0
MESA LABS INC COM	COM	59064R109	4,279	43,000	SH		SOLE		43,000	0	0
METHODE ELECTRS INC CL A	COM	591520200	1,076	33,800	SH		SOLE		33,800	0	0
METTLER-TOLEDO INTL INC COM	COM	592688105	2,264	6,675	SH		SOLE		6,675	0	0
MGE ENERGY INC	COM	55277P104	2,042	44,000	SH		SOLE		44,000	0	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	913	35,200	SH		SOLE		35,200	0	0
MIDDLEBY CORP COM	COM	596278101	4,789	44,400	SH		SOLE		44,400	0	0
MIDDLESEX WTR CO COM	COM	596680108	808	30,433	SH		SOLE		30,433	0	0
MITCHAM INDS INC COM	COM	606501104	66	21,900	SH		SOLE		21,900	0	0
MITEK SYS INC COM NEW	COM	606710200	277	67,500	SH		SOLE		67,500	0	0
MOBILEYE NV	COM	N51488117	2,541	60,106	SH		SOLE		60,106	0	0
MOCON INC COM	COM	607494101	5,675	387,637	SH		SOLE		387,637	0	0
MODINE MFG CO	COM	607828100	1,779	196,600	SH		SOLE		196,600	0	0
MODUSLINK GLOBAL SOLUTIONS I	COM	60786L206	4,067	1,640,000	SH		SOLE		1,640,000	0	0
MORGANS HOTEL GROUP CO COM	COM	61748W108	2,032	602,891	SH		SOLE		602,891	0	0
MOSY INC	COM	619718109	57	52,100	SH		SOLE		52,100	0	0
MOTORCAR PTS & ACCESSORS INCCO	COM	620071100	845	25,000	SH		SOLE		25,000	0	0
MOVADO GROUP INC COM	COM	624580106	386	15,000	SH		SOLE		15,000	0	0
MSA SAFETY INC COM	COM	553498106	413	9,500	SH		SOLE		9,500	0	0
MSC INDL DIRECT INC CL A	COM	553530106	2,622	46,597	SH		SOLE		46,597	0	0
MTS SYS CORP COM	COM	553777103	368	5,802	SH		SOLE		5,802	0	0
MUELLER WATER PRODUCTS INC	COM	624758108	172	20,000	SH		SOLE		20,000	0	0
MVC CAP COM	COM	553829102	796	108,000	SH		SOLE		108,000	0	0
MYERS INDS INC	COM	628464109	8,111	608,932	SH		SOLE		608,932	0	0
MYR GROUP INC DEL COM	COM	55405W104	2,837	137,674	SH		SOLE		137,674	0	0
NAPCO SEC SYS INC COM	COM	630402105	1,223	207,211	SH		SOLE		207,211	0	0
NATHANS FAMOUS INC NEW COM	COM	632347100	10,571	205,025	SH		SOLE		205,025	0	0
NATIONAL INTERSTATE CORP COM	COM	63654U100	481	18,002	SH		SOLE		18,002	0	0
NAUTILUS INC	COM	63910B102	1,293	77,331	SH		SOLE		77,331	0	0
NAVIGATOR HOLDINGS LTD SHS	COM	Y62132108	954	69,879	SH		SOLE		69,879	0	0
NAVIGATORS GROUP INC COM	COM	638904102	215	2,505	SH		SOLE		2,505	0	0
NEOGEN CORP COM	COM	640491106	7,051	124,750	SH		SOLE		124,750	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	1,428	181,407	SH		SOLE		181,407	0	0
NETFLIX COM INC COM	COM	64110L106	959	8,382	SH		SOLE		8,382	0	0
NETSCOUT SYS INC COM	COM	64115T104	701	22,850	SH		SOLE		22,850	0	0
NEWPARK RES INC COM PAR$0.01NE	COM	651718504	126	23,900	SH		SOLE		23,900	0	0
NEWPORT CORP COM	COM	651824104	1,798	113,276	SH		SOLE		113,276	0	0
NIELSEN HOLDINGS PLC	COM	G6518L108	4,365	93,664	SH		SOLE		93,664	0	0
NORTEK INC COM NEW	COM	656559309	676	15,500	SH		SOLE		15,500	0	0
NORWEGIAN CRUISE LINE HLDGS SH	COM	G66721104	2,881	49,168	SH		SOLE		49,168	0	0
NUTRACEUTICAL INTL CORP COM	COM	67060Y101	4,984	193,034	SH		SOLE		193,034	0	0
OCEANFIRST FINL CORP COM	COM	675234108	492	24,550	SH		SOLE		24,550	0	0
OFG BANCORP	COM	67103X102	126	17,150	SH		SOLE		17,150	0	0
OIL DRI CORP AMER COM	COM	677864100	4,725	128,300	SH		SOLE		128,300	0	0
OMNICELL INC COM	COM	68213N109	1,780	57,277	SH		SOLE		57,277	0	0
OMNICOM GROUP COM	COM	681919106	2,189	28,926	SH		SOLE		28,926	0	0
OMNOVA SOLUTIONS INC COM	COM	682129101	1,594	260,000	SH		SOLE		260,000	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	1,268	129,420	SH		SOLE		129,420	0	0
OPKO HEALTH INC COM	COM	68375N103	2,398	238,650	SH		SOLE		238,650	0	0
ORBCOMM INC COM	COM	68555P100	3,774	521,335	SH		SOLE		521,335	0	0
ORITANI FINL CORP DEL COM	COM	68633D103	924	55,992	SH		SOLE		55,992	0	0
ORTHOFIX INTL N V ORD	COM	N6748L102	1,772	45,200	SH		SOLE		45,200	0	0
O'REILLY AUTOMOTIVE INC NEW CO	COM	67103H107	2,686	10,599	SH		SOLE		10,599	0	0
PAIN THERAPEUTICS INC COM	COM	69562K100	194	110,991	SH		SOLE		110,991	0	0
PARK ELECTROCHEMICAL CORP COM	COM	700416209	1,360	90,281	SH		SOLE		90,281	0	0
PARK OHIO HLDGS CORP COM	COM	700666100	5,741	156,100	SH		SOLE		156,100	0	0
PATRIOT TRAMSPORTATION HOLDING	COM	70338W105	235	10,447	SH		SOLE		10,447	0	0
PATTERSON COMPANIES INC	COM	703395103	1,323	29,263	SH		SOLE		29,263	0	0
PATTERSON-UTI ENERGY INC COM	COM	703481101	1,521	100,846	SH		SOLE		100,846	0	0
PC-TEL INC	COM	69325Q105	337	74,135	SH		SOLE		74,135	0	0
PENDRELL CORP	COM	70686R104	15	30,000	SH		SOLE		30,000	0	0
PEP BOYS MANNY MOE & JACK	COM	713278109	22,267	1,209,514	SH		SOLE		1,209,514	0	0
PFIZER INC	COM	717081103	251	7,764	SH		SOLE		7,764	0	0
PFSWEB INC COM NEW	COM	717098206	2,532	196,772	SH		SOLE		196,772	0	0
PIEDMONT NAT GAS INC COM	COM	720186105	855	15,000	SH		SOLE		15,000	0	0
PIER 1 IMPORTS INC SHS BEN INT	COM	720279108	351	68,900	SH		SOLE		68,900	0	0
PIONEER NAT RES CO COM	COM	723787107	3,118	24,869	SH		SOLE		24,869	0	0
POWELL INDS INC COM	COM	739128106	523	20,103	SH		SOLE		20,103	0	0
PREFORMED LINE PRODS CO COM	COM	740444104	244	5,788	SH		SOLE		5,788	0	0
PRG-SCHULTZ INTERNATIONAL INCO	COM	69357C503	678	182,359	SH		SOLE		182,359	0	0
PROGRESS SOFTWARE CORP COM	COM	743312100	916	38,158	SH		SOLE		38,158	0	0
PROVIDENCE & WORCESTER RR COCO	COM	743737108	1,812	130,958	SH		SOLE		130,958	0	0
PTC INC COM	COM	69370C100	576	16,646	SH		SOLE		16,646	0	0
PZENA INVESTMENT MGMT INC CLAS	COM	74731Q103	1,376	160,000	SH		SOLE		160,000	0	0
QLOGIC CORP COM	COM	747277101	833	68,277	SH		SOLE		68,277	0	0
QUALSTAR CORP COM	COM	74758R109	9	12,000	SH		SOLE		12,000	0	0
QUANTA SVCS INC COM	COM	74762E102	3,588	177,170	SH		SOLE		177,170	0	0
QUIDEL CORP COM	COM	74838J101	3,118	147,061	SH		SOLE		147,061	0	0
QUMU CORP COM	COM	749063103	535	197,400	SH		SOLE		197,400	0	0
RANGE RES CORP COM	COM	75281A109	1,338	54,370	SH		SOLE		54,370	0	0
RAVEN INDS INC COM	COM	754212108	344	22,080	SH		SOLE		22,080	0	0
READING INTERNATIONAL INC CL B	COM	755408200	940	68,481	SH		SOLE		68,481	0	0
READING INTL INC CL A	COM	755408101	4,715	359,623	SH		SOLE		359,623	0	0
REALD INC	COM	75604L105	528	50,000	SH		SOLE		50,000	0	0
REGIONS FINANCIAL CORP (NEW)	COM	7591EP100	2,092	217,912	SH		SOLE		217,912	0	0
RENASANT CORP COM	COM	75970E107	1,272	36,971	SH		SOLE		36,971	0	0
RENTRAK CORP COM	COM	760174102	2,472	52,000	SH		SOLE		52,000	0	0
REXNORD CORP NEW COM	COM	76169B102	2,425	133,842	SH		SOLE		133,842	0	0
RGC RES INC COM	COM	74955L103	929	43,600	SH		SOLE		43,600	0	0
RLJ ENTMT INC COM	COM	74965F104	32	56,000	SH		SOLE		56,000	0	0
ROFIN SINAR TECHNOLOGIES INCCO	COM	775043102	2,198	82,074	SH		SOLE		82,074	0	0
RPC INC. COMMON	COM	749660106	1,105	92,500	SH		SOLE		92,500	0	0
RTI BIOLOGICS INC COM	COM	74975N105	270	68,000	SH		SOLE		68,000	0	0
RUSH ENTERPRISES INC CL A	COM	781846209	1,138	52,005	SH		SOLE		52,005	0	0
RUSH ENTERPRISES INC CL B	COM	781846308	2,278	104,005	SH		SOLE		104,005	0	0
RYMAN HOSPITALITY PPTYS INC CO	COM	78377T107	465	9,000	SH		SOLE		9,000	0	0
SAFEGUARD SCIENTIFICS INC COM	COM	786449207	2,837	195,492	SH		SOLE		195,492	0	0
SALEM COMMUNICATIONS CORP DECL	COM	794093104	3,088	620,008	SH		SOLE		620,008	0	0
SANFILIPPO JOHN B & SON INC CO	COM	800422107	947	17,531	SH		SOLE		17,531	0	0
SANOFI-AVENTIS-CVR	WARRANT AND RIGH	80105N113	45	400,000	SH		SOLE		400,000	0	0
SCHMITT INDS INC ORE COM NEW	COM	806870200	208	78,000	SH		SOLE		78,000	0	0
SCIENTIFIC GAMES CORP CL A	COM	80874P109	2,117	236,000	SH		SOLE		236,000	0	0
SCRIPPS E W CO OHIO CL A	COM	811054402	17,254	908,124	SH		SOLE		908,124	0	0
SEALED AIR CORP NEW	COM	81211K100	806	18,072	SH		SOLE		18,072	0	0
SEVCON INC	COM	81783K108	5,004	483,442	SH		SOLE		483,442	0	0
SHENANDOAH TELECOMMUNICATIONCD	COM	82312B106	10,616	246,600	SH		SOLE		246,600	0	0
SHILOH INDS INC COM	COM	824543102	403	77,000	SH		SOLE		77,000	0	0
SILVERCREST ASSET MGMT GROUPCL	COM	828359109	1,020	85,769	SH		SOLE		85,769	0	0
SINCLAIR BROADCAST GROUP INCCL	COM	829226109	1,074	33,000	SH		SOLE		33,000	0	0
SJW CORP COM	COM	784305104	3,300	111,304	SH		SOLE		111,304	0	0
SKYLINE CORP	COM	830830105	170	47,796	SH		SOLE		47,796	0	0
SL GREEN RLTY CORP COM	COM	78440X101	566	5,009	SH		SOLE		5,009	0	0
SL INDS INC COM	COM	784413106	8,741	274,200	SH		SOLE		274,200	0	0
SNYDERS LANCE INC COM	COM	833551104	5,591	163,000	SH		SOLE		163,000	0	0
SONIC AUTOMOTIVE INC CL A	COM	83545G102	1,514	66,500	SH		SOLE		66,500	0	0
SOUTHWEST BANCORP INC OKLA COM	COM	844767103	666	38,094	SH		SOLE		38,094	0	0
SPLUNK INC COM	COM	848637104	2,637	44,834	SH		SOLE		44,834	0	0
STANDARD MTR PRODS INC CLASS A	COM	853666105	4,688	123,200	SH		SOLE		123,200	0	0
STANDEX INTL CORP	COM	854231107	2,328	28,000	SH		SOLE		28,000	0	0
STARRETT L S CO CL A	COM	855668109	3,097	318,600	SH		SOLE		318,600	0	0
STATE BK FINL CORP COM	COM	856190103	805	38,300	SH		SOLE		38,300	0	0
STEEL EXCEL INC	COM	858122203	7,157	486,570	SH		SOLE		486,570	0	0
STEEL PARTNERS HLDGS L P	COM	85814R107	9,504	580,237	SH		SOLE		580,237	0	0
STEELCASE INC CL A	COM	858155203	2,350	157,726	SH		SOLE		157,726	0	0
STERICYCLE INC COM	COM	858912108	1,875	15,544	SH		SOLE		15,544	0	0
STERLING BANCORP/DE	COM	85917A100	2,388	147,209	SH		SOLE		147,209	0	0
STIFEL FINL CORP COM	COM	860630102	1,204	28,432	SH		SOLE		28,432	0	0
STONERIDGE INC	COM	86183P102	4,653	314,363	SH		SOLE		314,363	0	0
STRATASYS LTD SHS	COM	M85548101	2,593	110,438	SH		SOLE		110,438	0	0
STRATTEC SECURITY CORP.	COM	863111100	9,970	176,500	SH		SOLE		176,500	0	0
SUNOPTA INC COM	COM	8676EP108	2,052	300,000	SH		SOLE		300,000	0	0
SUPERIOR INDS INTL INC	COM	868168105	11,255	611,000	SH		SOLE		611,000	0	0
SURMODICS INC COM	COM	868873100	5,499	271,292	SH		SOLE		271,292	0	0
SVB FINL GROUP COM	COM	78486Q101	1,140	9,585	SH		SOLE		9,585	0	0
SYNAPTICS INC COM	COM	87157D109	3,917	48,750	SH		SOLE		48,750	0	0
SYNERON MEDICAL LTD ORD SHS	COM	M87245102	781	101,249	SH		SOLE		101,249	0	0
TEAM INC COM	COM	878155100	1,151	36,000	SH		SOLE		36,000	0	0
TEJON RANCH CO DEL COM	COM	879080109	2,490	130,000	SH		SOLE		130,000	0	0
TEJON RANCH CO WT 08/31/16	WARRANT AND RIGH	879080133	0	15,170	SH		SOLE		15,170	0	0
TENNANT CO	COM	880345103	2,774	49,300	SH		SOLE		49,300	0	0
TENNECO AUTOMOTIVE INC COM	COM	880349105	1,699	37,000	SH		SOLE		37,000	0	0
TESCO CORP COM	COM	88157K101	419	57,900	SH		SOLE		57,900	0	0
THESTREET INC	COM	88368Q103	93	62,000	SH		SOLE		62,000	0	0
TITAN INTL INC ILL COM	COM	88830M102	87	22,000	SH		SOLE		22,000	0	0
TITAN MACHY INC COM	COM	88830R101	1,267	115,933	SH		SOLE		115,933	0	0
TOLL BROS INC COM	COM	889478103	2,417	72,576	SH		SOLE		72,576	0	0
TOWER INTL INC COM	COM	891826109	2,685	93,965	SH		SOLE		93,965	0	0
TRANSACT TECHNOLOGIES INC COM	COM	892918103	1,127	131,200	SH		SOLE		131,200	0	0
TREDEGAR INDS INC	COM	894650100	4,699	345,037	SH		SOLE		345,037	0	0
TRIANGLE PETE CORP COM NEW	COM	89600B201	117	151,767	SH		SOLE		151,767	0	0
TRINITY BIOTECH PLC SPON ADR N	COM	896438306	1,611	137,000	SH		SOLE		137,000	0	0
TRISTATE CAP HLDGS INC COM	COM	89678F100	140	10,000	SH		SOLE		10,000	0	0
TRUSTCO BK CORP N Y COM	COM	898349105	399	65,000	SH		SOLE		65,000	0	0
TWIN DISC INC COM	COM	901476101	3,093	293,968	SH		SOLE		293,968	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	593	3,400	SH		SOLE		3,400	0	0
U S ENERGY CORP WYO COM	COM	911805109	2	15,000	SH		SOLE		15,000	0	0
ULTRA CLEAN HLDGS INC COM	COM	90385V107	804	157,000	SH		SOLE		157,000	0	0
ULTRALIFE BATTERIES INC COM	COM	903899102	692	107,198	SH		SOLE		107,198	0	0
ULTRATECH INC COM	COM	904034105	2,396	120,900	SH		SOLE		120,900	0	0
UMPQUA HLDGS CORP COM	COM	904214103	192	12,086	SH		SOLE		12,086	0	0
UNITED FINANCIAL BANCORP INC	COM	910304104	2,448	190,100	SH		SOLE		190,100	0	0
UNITED GUARDIAN INC COM	COM	910571108	1,453	75,900	SH		SOLE		75,900	0	0
UNITED NAT FOODS INC COM	COM	911163103	3,088	78,443	SH		SOLE		78,443	0	0
UNIVERSAL HEALTH SVCS INC CL B	COM	913903100	3,012	25,211	SH		SOLE		25,211	0	0
UNIVERSAL TECHNICAL INST INCCO	COM	913915104	536	115,000	SH		SOLE		115,000	0	0
URBAN OUTFITTERS INC COM	COM	917047102	1,309	57,533	SH		SOLE		57,533	0	0
UTAH MED PRODS INC COM	COM	917488108	303	5,174	SH		SOLE		5,174	0	0
VALUE LINE INC	COM	920437100	470	33,089	SH		SOLE		33,089	0	0
VASCULAR SOLUTIONS INC COM	COM	92231M109	688	20,000	SH		SOLE		20,000	0	0
VCA ANTECH INC COM	COM	918194101	316	5,754	SH		SOLE		5,754	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	3,841	30,528	SH		SOLE		30,528	0	0
VIAD CORP COM NEW	COM	92552R406	1,052	37,282	SH		SOLE		37,282	0	0
VICOR CORP COM	COM	925815102	2,029	222,500	SH		SOLE		222,500	0	0
VILLAGE SUPER MKT INC CL A NEW	COM	927107409	1,101	41,781	SH		SOLE		41,781	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	239	19,845	SH		SOLE		19,845	0	0
VISHAY PRECISION GROUP INC COM	COM	92835K103	1,998	176,476	SH		SOLE		176,476	0	0
WABASH NATL CORP COM	COM	929566107	828	70,000	SH		SOLE		70,000	0	0
WASHINGTON FED INC	COM	938824109	654	27,450	SH		SOLE		27,450	0	0
WASHINGTON TR BANCORP COM	COM	940610108	2,538	64,220	SH		SOLE		64,220	0	0
WATERSTONE FINL INC MD COM	COM	94188P101	1,488	105,500	SH		SOLE		105,500	0	0
WAUSAU PAPER CORP	COM	943315101	2,098	205,123	SH		SOLE		205,123	0	0
WEATHERFORD INTERNATIONAL PLC	COM	G48833100	1,826	217,678	SH		SOLE		217,678	0	0
WELLS FARGO & CO NEW	COM	949746101	272	5,000	SH		SOLE		5,000	0	0
WEST MARINE INC COM	COM	954235107	1,140	134,231	SH		SOLE		134,231	0	0
WESTFIELD FINANCIAL INC NEW CO	COM	96008P104	732	87,100	SH		SOLE		87,100	0	0
WILLAMETTE VY VINEYARD INC COM	COM	969136100	163	23,000	SH		SOLE		23,000	0	0
WILSHIRE BANCORP INC COM	COM	97186T108	329	28,500	SH		SOLE		28,500	0	0
WINNEBAGO INDS INC COM	COM	974637100	1,214	61,000	SH		SOLE		61,000	0	0
WISDOMTREE INVTS INC COM	COM	97717P104	1,556	99,256	SH		SOLE		99,256	0	0
WOODWARD INC	COM	980745103	335	6,750	SH		SOLE		6,750	0	0
WORLD WRESTLING ENTERTAINMENT	COM	98156Q108	607	34,000	SH		SOLE		34,000	0	0
XENITH BANKSHARES INC COM	COM	98410X105	298	39,800	SH		SOLE		39,800	0	0
XERIUM TECHNOLOGIES INC COM NE	COM	98416J118	556	46,900	SH		SOLE		46,900	0	0
XO GROUP INC COM	COM	983772104	1,204	74,991	SH		SOLE		74,991	0	0
YADKIN FINL CORP COM	COM	984305102	881	35,000	SH		SOLE		35,000	0	0
YORK WTR CO COM	COM	987184108	1,111	44,537	SH		SOLE		44,537	0	0
ZIONS BANCORPORATION COM	COM	989701107	2,606	95,454	SH		SOLE		95,454	0	0