Private Capital Management 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

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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 United Bancorp, Inc.	COM	33740N105	5,415	706,932	SH		DFND		95,100	611,832	0
ACI Worldwide, Inc.	COM	004498101	8,043	135,885	SH		DFND		16,300	119,585	0
Actavis PLC	COM	G0083B108	36,016	174,960	SH		DFND		38,716	136,244	0
Advance Auto Parts, Inc.	COM	00751Y106	21,254	168,018	SH		DFND		21,275	146,743	0
Air Transport Services Group,	COM	00922R105	15,559	1,982,003	SH		DFND		577,475	1,404,528	0
Alere Inc.	COM	01449J105	32,133	935,449	SH		DFND		190,125	745,324	0
American Public Education, Inc	COM	02913V103	7,715	219,936	SH		DFND		70,200	149,736	0
Ascena Retail Group, Inc.	COM	04351G101	9,472	548,177	SH		DFND		113,975	434,202	0
AutoNation Inc.	COM	05329W102	8,937	167,889	SH		DFND		15,375	152,514	0
Avid Technology Inc.	COM	05367P100	3,339	547,406	SH		DFND		71,700	475,706	0
Bank of Hawaii Corporation	COM	062540109	7,857	129,635	SH		DFND		14,300	115,335	0
Bio-Rad Laboratories Inc. CL A	COM	090572207	2,108	16,452	SH		DFND		0	16,452	0
Brookline Bancorp Inc.	COM	11373M107	609	64,655	SH		DFND		0	64,655	0
CA Technologies	COM	12673P105	33,558	1,083,228	SH		DFND		215,394	867,834	0
CapitalSource Inc.	COM	14055X102	9,969	683,254	SH		DFND		154,901	528,353	0
Carrols Restaurant Group, Inc.	COM	14574X104	5,542	772,975	SH		DFND		405,550	367,425	0
Celanese Corporation	COM	150870103	15,033	270,810	SH		DFND		26,600	244,210	0
Charter Financial Corporation	COM	16122W108	2,679	247,804	SH		DFND		89,000	158,804	0
Cisco Systems Inc.	COM	17275R102	26,473	1,180,777	SH		DFND		255,025	925,752	0
CoreLogic Inc.	COM	21871D103	9,476	315,439	SH		DFND		40,625	274,814	0
Covidien PLC	COM	G2554F113	17,960	243,820	SH		DFND		34,875	208,945	0
Darling International Inc.	COM	237266101	8,594	429,286	SH		DFND		54,050	375,236	0
DeVry Education Group Inc.	COM	251893103	11,431	269,652	SH		DFND		33,400	236,252	0
Electro Rent Corp.	COM	285218103	8,388	476,883	SH		DFND		146,718	330,165	0
Federated Investors, Inc.	COM	314211103	5,257	172,121	SH		DFND		11,175	160,946	0
Fiesta Restaurant Group, Inc.	COM	31660B101	13,893	304,737	SH		DFND		166,787	137,950	0
First Defiance Financial Corp.	COM	32006W106	506	18,659	SH		DFND		0	18,659	0
First Financial Holdings, Inc.	COM	32023E105	3,598	57,461	SH		DFND		0	57,461	0
Gildan Activewear, Inc.	COM	375916103	16,880	335,062	SH		DFND		75,675	259,387	0
Glacier Bancorp Inc.	COM	37637Q105	2,250	77,404	SH		DFND		0	77,404	0
Global Cash Access Hldgs Inc.	COM	378967103	10,579	1,542,060	SH		DFND		344,471	1,197,589	0
Golar LNG Limited	COM	G9456A100	23,131	554,844	SH		DFND		123,275	431,569	0
Golar LNG Partners, LP	COM	Y2745C102	1,108	37,049	SH		DFND		0	37,049	0
INTL FCStone Inc	COM	46116V105	13,649	725,626	SH		DFND		204,238	521,388	0
Imation Corp.	COM	45245A107	10,249	1,776,180	SH		DFND		480,940	1,295,240	0
Independent Bank Corp.-MA	COM	453836108	1,103	28,023	SH		DFND		0	28,023	0
International Business Machine	COM	459200101	588	3,054	SH		DFND		0	3,054	0
Leidos Holdings, Inc.	COM	525327102	7,095	200,582	SH		DFND		22,836	177,746	0
MSA Safety Incorporated	COM	553498106	7,027	123,286	SH		DFND		23,550	99,736	0
Marcus Corp.	COM	566330106	4,410	264,066	SH		DFND		32,966	231,100	0
Mentor Graphics Corp.	COM	587200106	25,511	1,158,557	SH		DFND		208,572	949,985	0
National Fuel Gas Co.	COM	636180101	10,862	155,084	SH		DFND		17,650	137,434	0
Noble Corporation PLC	COM	G65431101	10,043	306,742	SH		DFND		43,350	263,392	0
Northrim BanCorp, Inc.	COM	666762109	1,279	49,788	SH		DFND		0	49,788	0
OceanFirst Financial Corp.	COM	675234108	5,640	318,847	SH		DFND		0	318,847	0
Oppenheimer Holdings Inc.	COM	683797104	9,020	321,553	SH		DFND		60,843	260,710	0
Pope Resources LP	COM	732857107	6,155	89,285	SH		DFND		24,125	65,160	0
Progress Software Corp.	COM	743312100	2,934	134,572	SH		DFND		22,762	111,810	0
Progressive Waste Solutions, L	COM	74339G101	7,985	315,501	SH		DFND		37,600	277,901	0
Qualcomm Inc.	COM	747525103	17,532	222,319	SH		DFND		41,030	181,289	0
Quantum Corp.	COM	747906204	13,597	11,145,039	SH		DFND		2,892,322	8,252,717	0
QuinStreet, Inc.	COM	74874Q100	13,922	2,096,637	SH		DFND		662,015	1,434,622	0
Raymond James Financial Inc.	COM	754730109	20,293	362,824	SH		DFND		39,200	323,624	0
Rent-A-Center, Inc.	COM	76009N100	9,626	361,890	SH		DFND		46,000	315,890	0
Spartan Stores, Inc.	COM	846822104	705	30,375	SH		DFND		0	30,375	0
State Bank Financial Corporati	COM	856190103	8,778	496,202	SH		DFND		68,560	427,642	0
Sterling Bancorp	COM	85917A100	3,194	252,322	SH		DFND		0	252,322	0
Suffolk Bancorp	COM	864739107	1,531	68,672	SH		DFND		16,500	52,172	0
Symantec Corp.	COM	871503108	28,057	1,404,965	SH		DFND		262,222	1,142,743	0
Synovus Financial Corp.	COM	87161C105	7,264	2,142,900	SH		DFND		270,100	1,872,800	0
TF Financial Corp.	COM	872391107	435	14,584	SH		DFND		0	14,584	0
Tibco Software Inc.	COM	88632Q103	4,496	221,271	SH		DFND		0	221,271	0
Titan International, Inc.	COM	88830M102	7,514	395,707	SH		DFND		48,800	346,907	0
Triumph Group Inc.	COM	896818101	5,759	89,175	SH		DFND		13,135	76,040	0
Ultra Petroleum Corp.	COM	903914109	14,935	555,404	SH		DFND		81,075	474,329	0
Universal Health Services Inc.	COM	913903100	33,321	406,006	SH		DFND		75,097	330,909	0
Valeant Pharmaceuticals Intern	COM	91911K102	40,015	303,536	SH		DFND		57,975	245,561	0
Vasco Data Security Internatio	COM	92230Y104	16,508	2,189,378	SH		DFND		441,776	1,747,602	0
Visteon Corporation	COM	92839U206	7,915	89,495	SH		DFND		11,025	78,470	0
WSFS Financial Corp.	COM	929328102	1,230	17,225	SH		DFND		0	17,225	0
Willis Group Holdings PLC	COM	G96666105	10,538	238,785	SH		DFND		27,925	210,860	0
Zimmer Holdings Inc.	COM	98956P102	14,778	156,250	SH		DFND		22,675	133,575	0
Alere Inc Perp Pfd Conv Ser B	PFD	01449J204	1,548	5,342	SH		DFND		3,257	2,085	0