Eidelman Virant 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
1ST CONSTITUTION BANCORP	COM	31986N102	431	45,394	SH		SOLE	0	0	0	45,394
ABBVIE INC	COM	00287Y109	864	20,900	SH		SOLE	0	0	0	20,900
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	327	40,000	SH		SOLE	0	0	0	40,000
ALASKA AIR GROUP INC	COM	011659109	1,556	29,930	SH		SOLE	0	0	0	29,930
AMBAC FINL GROUP INC	COM NEW	023139884	596	25,000	SH		SOLE	0	0	0	25,000
AMERIANA BANCORP	COM	023613102	299	28,500	SH		SOLE	0	0	0	28,500
AMERICAN INTL GROUP INC	COM NEW	026874784	5,283	118,190	SH		SOLE	0	0	0	118,190
APPLE INC	COM	037833100	631	1,592	SH		SOLE	0	0	0	1,592
APPLIED MICRO CIRCUITS CORP	COM NEW	03822W406	818	93,000	SH		SOLE	0	0	0	93,000
ARCH COAL INC	COM	039380100	544	143,835	SH		SOLE	0	0	0	143,835
ASIA ENTN & RESOURCES LTD	SHS	G0539K108	123	29,200	SH		SOLE	0	0	0	29,200
AT&T INC	COM	00206R102	752	21,236	SH		SOLE	0	0	0	21,236
ATLAS FINANCIAL HOLDINGS INC	SHS NEW	G06207115	1,197	133,689	SH		SOLE	0	0	0	133,689
AVG TECHNOLOGIES N V	SHS	N07831105	292	15,000	SH		SOLE	0	0	0	15,000
BANCORP INC DEL	COM	05969A105	991	66,100	SH		SOLE	0	0	0	66,100
BANK COMM HLDGS	COM	06424J103	151	30,001	SH		SOLE	0	0	0	30,001
BANRO CORP	COM	066800103	41	54,900	SH		SOLE	0	0	0	54,900
BAR HBR BANKSHARES	COM	066849100	373	10,200	SH		SOLE	0	0	0	10,200
BEAM INC	COM	073730103	2,285	36,200	SH		SOLE	0	0	0	36,200
BLOUNT INTL INC NEW	COM	095180105	611	51,650	SH		SOLE	0	0	0	51,650
BP PLC	SPONSORED ADR	055622104	2,302	55,157	SH		SOLE	0	0	0	55,157
BRINKS CO	COM	109696104	2,027	79,450	SH		SOLE	0	0	0	79,450
BROOKFIELD PPTY PARTNERS L P	UNIT LTD PARTN	G16249107	213	10,500	SH		SOLE	0	0	0	10,500
BUNGE LIMITED	COM	G16962105	2,470	34,900	SH		SOLE	0	0	0	34,900
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	807	48,000	SH		SOLE	0	0	0	48,000
CALPINE CORP	COM NEW	131347304	2,059	97,000	SH		SOLE	0	0	0	97,000
CATERPILLAR INC DEL	COM	149123101	585	7,096	SH		SOLE	0	0	0	7,096
CENTURYLINK INC	COM	156700106	466	13,188	SH		SOLE	0	0	0	13,188
CFS BANCORP INC	COM	12525D102	648	60,424	SH		SOLE	0	0	0	60,424
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	4,285	34,600	SH		SOLE	0	0	0	34,600
CHICAGO BRIDGE & IRON CO N V	N Y REGISTRY SH	167250109	301	5,048	SH		SOLE	0	0	0	5,048
CITIGROUP INC	COM NEW	172967424	2,205	45,966	SH		SOLE	0	0	0	45,966
COBALT INTL ENERGY INC	COM	19075F106	1,063	40,000	SH		SOLE	0	0	0	40,000
COCA COLA CO	COM	191216100	576	14,350	SH		SOLE	0	0	0	14,350
CODORUS VY BANCORP INC	COM	192025104	270	15,534	SH		SOLE	0	0	0	15,534
COMMUNITY WEST BANCSHARES	COM	204157101	94	20,000	SH		SOLE	0	0	0	20,000
CONOCOPHILLIPS	COM	20825C104	246	4,072	SH		SOLE	0	0	0	4,072
CSX CORP	COM	126408103	2,197	94,760	SH		SOLE	0	0	0	94,760
DARLING INTL INC	COM	237266101	316	16,950	SH		SOLE	0	0	0	16,950
DELTA AIR LINES INC DEL	COM NEW	247361702	4,758	254,294	SH		SOLE	0	0	0	254,294
DEX MEDIA INC NEW	COM	25213A107	422	24,000	SH		SOLE	0	0	0	24,000
DNB FINL CORP	COM	233237106	727	41,023	SH		SOLE	0	0	0	41,023
DYNAVAX TECHNOLOGIES CORP	COM	268158102	18	16,200	SH		SOLE	0	0	0	16,200
EASTMAN CHEM CO	COM	277432100	280	4,000	SH		SOLE	0	0	0	4,000
EATON CORP PLC	SHS	G29183103	658	10,000	SH		SOLE	0	0	0	10,000
ENERGIZER HLDGS INC	COM	29266R108	4,000	39,800	SH		SOLE	0	0	0	39,800
ENERPLUS CORP	COM	292766102	195	13,200	SH		SOLE	0	0	0	13,200
ENTERPRISE FINL SVCS CORP	COM	293712105	316	19,800	SH		SOLE	0	0	0	19,800
EXXON MOBIL CORP	COM	30231G102	470	5,200	SH		SOLE	0	0	0	5,200
FELCOR LODGING TR INC	PFD CV A $1.95	31430F200	279	11,330	SH		SOLE	0	0	0	11,330
FIRST BUS FINL SVCS INC WIS	COM	319390100	2,965	98,944	SH		SOLE	0	0	0	98,944
FIRST CMNTY CORP S C	COM	319835104	184	20,000	SH		SOLE	0	0	0	20,000
FIRST MARBLEHEAD CORP	COM	320771108	164	139,313	SH		SOLE	0	0	0	139,313
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	5,676	203,600	SH		SOLE	0	0	0	203,600
FURMANITE CORPORATION	COM	361086101	2,957	441,957	SH		SOLE	0	0	0	441,957
GENCORP INC	COM	368682100	229	14,065	SH		SOLE	0	0	0	14,065
GENERAL MLS INC	COM	370334104	1,082	22,300	SH		SOLE	0	0	0	22,300
GILEAD SCIENCES INC	COM	375558103	866	16,900	SH		SOLE	0	0	0	16,900
HARBINGER GROUP INC	COM	41146A106	905	120,000	SH		SOLE	0	0	0	120,000
HARTFORD FINL SVCS GROUP INC	COM	416515104	438	14,150	SH		SOLE	0	0	0	14,150
HECLA MNG CO	COM	422704106	89	29,700	SH		SOLE	0	0	0	29,700
HEXCEL CORP NEW	COM	428291108	2,028	59,550	SH		SOLE	0	0	0	59,550
HOPFED BANCORP INC	COM	439734104	1,738	160,897	SH		SOLE	0	0	0	160,897
HORIZON BANCORP IND	COM	440407104	3,740	183,267	SH		SOLE	0	0	0	183,267
ICONIX BRAND GROUP INC	COM	451055107	1,429	48,600	SH		SOLE	0	0	0	48,600
INFINERA CORPORATION	COM	45667G103	621	58,200	SH		SOLE	0	0	0	58,200
ING PRIME RATE TR	SH BEN INT	44977W106	127	20,000	SH		SOLE	0	0	0	20,000
INTEGRATED ELECTRICAL SVC	COM	45811E301	122	27,530	SH		SOLE	0	0	0	27,530
INVESCO SR INCOME TR	COM	46131H107	162	29,850	SH		SOLE	0	0	0	29,850
IRIDIUM COMMUNICATIONS INC	COM	46269C102	481	62,000	SH		SOLE	0	0	0	62,000
ISHARES TR	DJ US INDEX FD	464287846	274	3,400	SH		SOLE	0	0	0	3,400
ISHARES TR	RUSSELL 2000	464287655	917	9,454	SH		SOLE	0	0	0	9,454
ITURAN LOCATION AND CONTROL	SHS	M6158M104	175	10,400	SH		SOLE	0	0	0	10,400
JOHNSON & JOHNSON	COM	478160104	3,731	43,456	SH		SOLE	0	0	0	43,456
JPMORGAN CHASE & CO	COM	46625H100	348	6,600	SH		SOLE	0	0	0	6,600
KANSAS CITY SOUTHERN	COM NEW	485170302	4,752	44,850	SH		SOLE	0	0	0	44,850
KINROSS GOLD CORP	COM NO PAR	496902404	687	134,630	SH		SOLE	0	0	0	134,630
LAKE SHORE GOLD CORP	COM	510728108	61	200,000	SH		SOLE	0	0	0	200,000
LEAR CORP	COM NEW	521865204	1,492	24,675	SH		SOLE	0	0	0	24,675
LONE PINE RES INC	COM	54222A106	40	121,840	SH		SOLE	0	0	0	121,840
LSB FINL CORP	COM	501925101	779	35,163	SH		SOLE	0	0	0	35,163
MACKINAC FINL CORP	COM	554571109	89	10,000	SH		SOLE	0	0	0	10,000
MAJESCO ENTERTAINMENT CO	COM NEW	560690208	79	137,966	SH		SOLE	0	0	0	137,966
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	1,170	47,782	SH		SOLE	0	0	0	47,782
MARTHA STEWART LIVING OMNIME	CL A	573083102	1,317	546,418	SH		SOLE	0	0	0	546,418
MEADOWBROOK INS GROUP INC	COM	58319P108	632	78,750	SH		SOLE	0	0	0	78,750
MEDIA GEN INC	CL A	584404107	1,313	119,000	SH		SOLE	0	0	0	119,000
MEDICAL ACTION INDS INC	COM	58449L100	143	18,572	SH		SOLE	0	0	0	18,572
METRO BANCORP INC PA	COM	59161R101	200	10,000	SH		SOLE	0	0	0	10,000
MFC INDL LTD	COM	55278T105	81	10,000	SH		SOLE	0	0	0	10,000
MFRI INC	COM	552721102	138	12,118	SH		SOLE	0	0	0	12,118
MICHAEL KORS HLDGS LTD	SHS	G60754101	310	5,000	SH		SOLE	0	0	0	5,000
MICRON TECHNOLOGY INC	COM	595112103	9,629	671,950	SH		SOLE	0	0	0	671,950
MITCHAM INDS INC	COM	606501104	547	32,577	SH		SOLE	0	0	0	32,577
MONDELEZ INTL INC	CL A	609207105	3,354	117,550	SH		SOLE	0	0	0	117,550
NEW RESIDENTIAL INVT CORP	COM	64828T102	123	18,300	SH		SOLE	0	0	0	18,300
NEWCASTLE INVT CORP	COM	65105M108	416	79,500	SH		SOLE	0	0	0	79,500
O2MICRO INTERNATIONAL LTD	SPONS ADR	67107W100	1,508	457,100	SH		SOLE	0	0	0	457,100
OFFICE DEPOT INC	COM	676220106	1,882	486,400	SH		SOLE	0	0	0	486,400
OLD REP INTL CORP	COM	680223104	162	12,600	SH		SOLE	0	0	0	12,600
OLIN CORP	COM PAR $1	680665205	5,078	212,300	SH		SOLE	0	0	0	212,300
ORCHID IS CAP INC	COM	68571X103	113	10,000	SH		SOLE	0	0	0	10,000
PACIFIC PREMIER BANCORP	COM	69478X105	1,986	162,552	SH		SOLE	0	0	0	162,552
PAN AMERICAN SILVER CORP	COM	697900108	506	43,450	SH		SOLE	0	0	0	43,450
PARAMOUNT GOLD & SILVER CORP	COM	69924P102	12	10,000	SH		SOLE	0	0	0	10,000
PFIZER INC	COM	717081103	2,071	73,925	SH		SOLE	0	0	0	73,925
PLUM CREEK TIMBER CO INC	COM	729251108	3,300	70,700	SH		SOLE	0	0	0	70,700
PMFG INC	COM	69345P103	69	10,000	SH		SOLE	0	0	0	10,000
PRIMO WTR CORP	COM	74165N105	300	165,000	SH		SOLE	0	0	0	165,000
PROCTER & GAMBLE CO	COM	742718109	2,126	27,619	SH		SOLE	0	0	0	27,619
PRUDENTIAL FINL INC	COM	744320102	365	5,000	SH		SOLE	0	0	0	5,000
PURECYCLE CORP	COM NEW	746228303	438	78,303	SH		SOLE	0	0	0	78,303
RADIAN GROUP INC	COM	750236101	232	20,000	SH		SOLE	0	0	0	20,000
READING INTERNATIONAL INC	CL A	755408101	2,684	422,000	SH		SOLE	0	0	0	422,000
RED LION HOTELS CORP	COM	756764106	6,277	1,027,385	SH		SOLE	0	0	0	1,027,385
REPUBLIC BANCORP KY	CL A	760281204	1,227	55,955	SH		SOLE	0	0	0	55,955
ROCKWOOD HLDGS INC	COM	774415103	2,158	33,700	SH		SOLE	0	0	0	33,700
ROYAL BK SCOTLAND GROUP PLC	ADR PREF SER N	780097770	345	16,403	SH		SOLE	0	0	0	16,403
ROYAL BK SCOTLAND GROUP PLC	SP ADR PREF T	780097713	264	11,000	SH		SOLE	0	0	0	11,000
S&W SEED CO	COM	785135104	84	10,000	SH		SOLE	0	0	0	10,000
SABINE ROYALTY TR	UNIT BEN INT	785688102	310	6,000	SH		SOLE	0	0	0	6,000
SALISBURY BANCORP INC	COM	795226109	925	35,575	SH		SOLE	0	0	0	35,575
SANCHEZ ENERGY CORP	COM	79970Y105	1,045	45,500	SH		SOLE	0	0	0	45,500
SANFILIPPO JOHN B & SON INC	COM	800422107	230	11,400	SH		SOLE	0	0	0	11,400
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	869	31,896	SH		SOLE	0	0	0	31,896
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	2,236	68,377	SH		SOLE	0	0	0	68,377
SEABRIDGE GOLD INC	COM	811916105	141	15,000	SH		SOLE	0	0	0	15,000
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	210	10,795	SH		SOLE	0	0	0	10,795
SIERRA WIRELESS INC	COM	826516106	1,014	79,200	SH		SOLE	0	0	0	79,200
SKULLCANDY INC	COM	83083J104	55	10,000	SH		SOLE	0	0	0	10,000
SOUTHERN FIRST BANCSHARES IN	COM	842873101	222	20,240	SH		SOLE	0	0	0	20,240
SPDR GOLD TRUST	GOLD SHS	78463V107	235	1,975	SH		SOLE	0	0	0	1,975
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,884	11,742	SH		SOLE	0	0	0	11,742
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	221	1,050	SH		SOLE	0	0	0	1,050
STRATEGIC DIAGNOSTICS INC	COM	862700101	27	30,000	SH		SOLE	0	0	0	30,000
SYMMETRICOM INC	COM	871543104	54	12,000	SH		SOLE	0	0	0	12,000
TELEPHONE & DATA SYS INC	COM NEW	879433829	5,053	205,000	SH		SOLE	0	0	0	205,000
TITAN INTL INC ILL	COM	88830M102	985	58,400	SH		SOLE	0	0	0	58,400
TOWER FINANCIAL CORP	COM	891769101	1,066	72,800	SH		SOLE	0	0	0	72,800
TRANSOCEAN LTD	REG SHS	H8817H100	486	10,140	SH		SOLE	0	0	0	10,140
UQM TECHNOLOGIES INC	COM	903213106	24	20,000	SH		SOLE	0	0	0	20,000
USA TECHNOLOGIES INC	COM NO PAR	90328S500	35	20,000	SH		SOLE	0	0	0	20,000
USA TECHNOLOGIES INC	CONV PFD SER A	90328S203	208	10,951	SH		SOLE	0	0	0	10,951
VITESSE SEMICONDUCTOR CORP	COM NEW	928497304	132	50,000	SH		SOLE	0	0	0	50,000
WALGREEN CO	COM	931422109	676	15,300	SH		SOLE	0	0	0	15,300
WARNER CHILCOTT PLC IRELAND	SHS A	G94368100	1,195	60,000	SH		SOLE	0	0	0	60,000
WASTE MGMT INC DEL	COM	94106L109	2,398	59,460	SH		SOLE	0	0	0	59,460
WESTFIELD FINANCIAL INC NEW	COM	96008P104	293	41,804	SH		SOLE	0	0	0	41,804
WHITEWAVE FOODS CO	COM CL B	966244204	1,660	109,200	SH		SOLE	0	0	0	109,200
WHITING PETE CORP NEW	COM	966387102	560	12,150	SH		SOLE	0	0	0	12,150
WISDOMTREE TRUST	EMERG MKTS ETF	97717W315	240	4,965	SH		SOLE	0	0	0	4,965