0001037792-11-000036.txt : 20111114 0001037792-11-000036.hdr.sgml : 20111111 20111114124340 ACCESSION NUMBER: 0001037792-11-000036 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARADIGM CAPITAL MANAGEMENT INC/NY CENTRAL INDEX KEY: 0001037792 IRS NUMBER: 141770168 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06298 FILM NUMBER: 111200015 BUSINESS ADDRESS: STREET 1: 9 ELK STREET CITY: ALBANY STATE: NY ZIP: 12207 BUSINESS PHONE: 5184313500 MAIL ADDRESS: STREET 1: 9 ELK STREET CITY: ALBANY STATE: NY 13F-HR 1 pcm13f3q11-finalwithcover.txt United States Securities and Exchange Commission Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Paradigm Capital Management, Inc. Address: 9 Elk Street Albany, NY 12207 13F File Number: 028-06298 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John V. Gulick Title: Vice President, Chief Compliance Officer Phone: (518) 431-3500 Signature, Place, and Date of Signing: /s/ John V. Gulick Albany, NY November 11, 2011 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 332 Form 13F Information Table Value Total: 1,683,086 (x1000) List of Other Included Managers: No. 13F File Number Name - --- --------------- ----------------------------------- 01 028-00000 Paradigm Funds Advisor LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3DFX interactive inc 88553x103 0 50000 SH Sole 50000 A.C. Moore Arts & Crafts, Inc. 00086T103 1473 1389800 SH Sole 1389800 Actuate Corporation 00508b102 3177 575600 SH Sole 575600 2433 440700 SH Defined 01 440700 Adirondack Trust co Saratoga S 007014103 370 280 SH Sole 280 Advanced Cell Technology Inc 00752k105 9 60000 SH Sole 60000 AerCap Holdings N.V. n00985106 227 22900 SH Sole 22900 Alaska Communications Systems 01167P101 236 36100 SH Sole 36100 Albany International Corp. 'A' 012348108 3104 170100 SH Sole 170100 Albany Molecular Research Inc. 012423109 1262 447404 SH Sole 447404 Alleghany Corporation 017175100 7156 24806 SH Sole 24806 89 309 SH Defined 01 309 Alphatec Hldgs Inc 02081g102 9164 4343150 SH Sole 4343150 Amer Eagle Outfitters 02553e106 15322 1307338 SH Sole 1307338 5267 449375 SH Defined 01 449375 American Financial Group 025932104 6284 202250 SH Sole 202250 87 2800 SH Defined 01 2800 American Woodmark Corporation 030506109 1530 126362 SH Sole 126362 amre inc 032153108 0 50000 SH Sole 50000 Anaren Microwave 032744104 18457 963800 SH Sole 963800 Anworth Mortgage Asset Corp 037347101 16685 2453705 SH Sole 2453705 5731 842810 SH Defined 01 842810 Applied Industrial Technologie 03820C105 10694 393750 SH Sole 393750 3313 121992 SH Defined 01 121992 Aptargroup, Inc. 038336103 6872 153845 SH Sole 153845 94 2100 SH Defined 01 2100 Aspen Insurance Holdings Ltd g05384105 11033 478875 SH Sole 478875 3209 139300 SH Defined 01 139300 astradyne computer 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1033605 Cache, Inc. 127150308 4598 921400 SH Sole 921400 Cal-Maine Foods Inc New 128030202 6952 221205 SH Sole 221205 2665 84800 SH Defined 01 84800 Canadian National Railway 136375102 543 8160 SH Sole 8160 81 1220 SH Defined 01 1220 Capitol Federal Financial Inc 14057J101 10508 995122 SH Sole 995122 77 7300 SH Defined 01 7300 Casella waste systems 147448104 189 36000 SH Sole 36000 Cedar Fair, L.P. 150185106 496 26250 SH Sole 26250 Cenveo, Inc. 15670S105 11286 3749650 SH Sole 3749650 Chemtura Corp 163893209 8091 806679 SH Sole 806679 2238 223125 SH Defined 01 223125 chesa international ltd 164870107 0 18249 SH Sole 18249 cincinnati microwave inc. 172167108 0 53000 SH Sole 53000 Cohu Inc. 192576106 13568 1373300 SH Sole 1373300 Coldwater Creek Inc. 193068103 3288 2630600 SH Sole 2630600 Colgate-Palmolive 194162103 4117 46420 SH Sole 46420 Collective Brands 19421w100 16534 1275800 SH Sole 1275800 Commercial Metals Company 201723103 116 12200 SH Sole 12200 Compuware Corp 205638109 11780 1537825 SH Sole 1537825 3778 493200 SH Defined 01 493200 Comtech Communications 205826209 3287 117000 SH Sole 117000 Consolidated Graphics Inc. 209341106 17034 466300 SH Sole 466300 Convergys Corporation 212485106 18421 1963900 SH Sole 1963900 6378 680000 SH Defined 01 680000 Cray Computer 225223304 11108 2091900 SH Sole 2091900 CTS Corp 126501105 8319 1023200 SH Sole 1023200 CVS Corporation 126650100 1159 34498 SH Sole 34498 93 2775 SH Defined 01 2775 Cymer Inc. 232572107 7956 214150 SH Sole 214150 3637 97900 SH Defined 01 97900 Deltek Inc 24784l105 711 118300 SH Sole 118300 Diodes Inc 254543101 5473 305402 SH Sole 305402 2009 112100 SH Defined 01 112100 Dole Food Company Inc 256603101 7485 748500 SH Sole 748500 2578 257800 SH Defined 01 257800 Dxp Enterprises Inc- New 233377407 417 22125 SH Sole 22125 Ellis Perry Intl 288853104 2920 155300 SH Sole 155300 EMCOR Group, Inc. 29084Q100 14752 725650 SH Sole 725650 5196 255600 SH Defined 01 255600 Emulex Corporation 292475209 6052 945650 SH Sole 945650 2003 312900 SH Defined 01 312900 endo lase inc. 292935103 0 18800 SH Sole 18800 Endo Pharmaceuticals Hldgs Inc 29264f205 10518 375765 SH Sole 375765 3356 119900 SH Defined 01 119900 EnerSys 29275y102 13633 680946 SH Sole 680946 Ethan Allen Interiors 297602104 136 10000 SH Sole 10000 Exactech Inc. 30064e109 684 48569 SH Sole 48569 Exco Resources 269279402 486 45300 SH Sole 45300 39 3615 SH Defined 01 3615 Exide Technologies 302051206 11444 2861100 SH Sole 2861100 Express Inc. 30219e103 11024 543325 SH Sole 543325 4076 200900 SH Defined 01 200900 Ezcorp Inc 302301106 8284 290275 SH Sole 290275 2146 75200 SH Defined 01 75200 Federal Agricultural Mortgage 313148306 561 29470 SH Sole 29470 Ferro Corp 315405100 129 21000 SH Sole 21000 Finisar Corp 31787a507 441 25138 SH Sole 25138 Finish Line, Inc. 317923100 28312 1416300 SH Sole 1416300 Fly Leasign Limited Sponsored 34407d109 611 53875 SH Sole 53875 Foot Locker, Inc. 344849104 10351 515215 SH Sole 515215 4241 211100 SH Defined 01 211100 Force Protection Inc 345203202 3207 832976 SH Sole 832976 2332 605800 SH Defined 01 605800 Fossil, Inc. 349882100 811 10000 SH Sole 10000 FTI Consulting 302941109 9599 260775 SH Sole 260775 74 2000 SH Defined 01 2000 Furniture Brands International 360921100 2168 1052200 SH Sole 1052200 Gannett Co Inc 364730101 143 15000 SH Sole 15000 GATX Corp 361448103 3398 109650 SH Sole 109650 2780 89700 SH Defined 01 89700 General Dynamics Corp 369550108 473 8323 SH Sole 8323 80 1415 SH Defined 01 1415 General Electric 369604103 182 11932 SH Sole 11932 Global PWR Equip Group Inc 37941p306 6610 284073 SH Sole 284073 4132 177573 SH Defined 01 177573 Golfsmith International Holdin 38168y103 4087 1273135 SH Sole 1273135 Goodrich Corporation 382388106 362 3000 SH Sole 3000 GSI Technology 36241u106 3154 640959 SH Sole 640959 1851 376262 SH Defined 01 376262 Halozyme Therapeutics, Inc. 40637H109 61 10000 SH Sole 10000 Hamilton Digital 407355106 0 103555 SH Sole 103555 Harleysville Group Inc 412824104 8219 139635 SH Sole 139635 112 1900 SH Defined 01 1900 Harmonic Inc 413160102 12833 3012400 SH Sole 3012400 Harris Interactive Inc. 414549105 993 2026016 SH Sole 2026016 Haverty Furniture Companies In 419596101 5866 587227 SH Sole 587227 Hewlett-Packard 428236103 224 10000 SH Sole 10000 Horsehead Holdign Corp 440694305 139 18800 SH Sole 18800 Huttig Building 448451104 714 1623273 SH Sole 1623273 IAC/Interactive Corp 44919p508 8139 205790 SH Sole 205790 4034 102010 SH Defined 01 102010 Imris Inc. 45322n105 39 10000 SH Sole 10000 Innophos Holdings Inc. 45774N108 5566 139563 SH Sole 139563 3953 99120 SH Defined 01 99120 Innospec Inc 45768s105 4937 203905 SH Sole 203905 1628 67248 SH Defined 01 67248 Insight Enterprises 45765U103 25789 1703374 SH Sole 1703374 Insteel Industries Inc 45774w108 14484 1438299 SH Sole 1438299 Intermec Inc 458786100 5106 783065 SH Sole 783065 Intl Business Machines 459200101 804 4600 SH Sole 4600 Intuitive Surgical Inc New 46120e602 364 1000 SH Sole 1000 Invesco Mortgage Capital 46131b100 3456 244620 SH Sole 244620 investex inc. 461903106 0 67700 SH Sole 67700 Iridium Communications, Inc. 46269c102 3919 632100 SH Sole 632100 J.M. Smucker Company 832696405 5359 73528 SH Sole 73528 73 1000 SH Defined 01 1000 Jabil Circuit 466313103 22125 1243672 SH Sole 1243672 JDA Software 46612K108 1534 65451 SH Sole 65451 Johnson & Johnson 478160104 4942 77600 SH Sole 77600 Kadant Inc. 48282T104 266 15000 SH Sole 15000 Kapstone Paper 48562p103 21353 1537300 SH Sole 1537300 Kearny Financial 487169104 343 38833 SH Sole 38833 18 2075 SH Defined 01 2075 KHD Humboldt Wedag Int d4024h102 1953 328173 SH Sole 328173 Kinder Morgan Energy Partners 494550106 569 8315 SH Sole 8315 Kirkland's Inc. 497498105 2026 220952 SH Sole 220952 Knight Capital Group Inc. 499005106 23355 1920650 SH Sole 1920650 7359 605150 SH Defined 01 605150 Knoll Inc 498904200 362 26453 SH Sole 26453 Kratos Defense & Security Solu 50077b207 11086 1649669 SH Sole 1649669 Kulicke & Soffa Industries Inc 501242101 8395 1125275 SH Sole 1125275 2760 370000 SH Defined 01 370000 La Z Boy Inc 505336107 6618 893100 SH Sole 893100 LeCroy Corporation 52324W109 237 30000 SH Sole 30000 Lenders Processing Svcs 52602e102 7781 568336 SH Sole 568336 1914 139824 SH Defined 01 139824 Lexmark International Corp 529771107 8156 301750 SH Sole 301750 169 6250 SH Defined 01 6250 Libbey Inc 529898108 155 14700 SH Sole 14700 Life Technologies Corporation 53217v109 7240 188390 SH Sole 188390 3774 98200 SH Defined 01 98200 Lionbridge Technologies Inc. 536252109 488 198400 SH Sole 198400 Magellan Health Services, Inc. 559079207 17605 364499 SH Sole 364499 4677 96825 SH Defined 01 96825 Markel Corp 570535104 3815 10682 SH Sole 10682 54 150 SH Defined 01 150 Marvell Technology Group Ltd g5876h105 4313 297110 SH Sole 297110 116 8000 SH Defined 01 8000 Matrix Service Co. 576853105 8036 944303 SH Sole 944303 2680 314902 SH Defined 01 314902 MBT Finl Corp 578877102 114 98800 SH Sole 98800 McMoran Exploration Co 582411104 4837 487105 SH Sole 487105 3033 305410 SH Defined 01 305410 Mednax Inc 58502b106 13640 217760 SH Sole 217760 4598 73400 SH Defined 01 73400 Mens Wearhouse Inc 587118100 9603 368200 SH Sole 368200 3333 127800 SH Defined 01 127800 Merck & Co 58933y105 590 18028 SH Sole 18028 Metalico Inc. 591176102 5694 1459923 SH Sole 1459923 3626 929680 SH Defined 01 929680 MFA Financial Inc. 55272x102 10429 1485557 SH Sole 1485557 2191 312165 SH Defined 01 312165 MFC Industrial LTD 55278t105 19843 2736919 SH Sole 2736919 Microsemi Corp 595137100 5244 328170 SH Sole 328170 1782 111500 SH Defined 01 111500 Mid America Apartment Communit 59522j103 12249 203400 SH Sole 203400 3746 62200 SH Defined 01 62200 Mobile Mini, Inc. 60740f105 240 14600 SH Sole 14600 Monolithic Power Systems 609839105 2175 213700 SH Sole 213700 Montpelier Re Holdings, Ltd. g62185106 13061 738725 SH Sole 738725 3138 177500 SH Defined 01 177500 Myriad Genetics Inc. 62855j104 13657 728750 SH Sole 728750 4143 221080 SH Defined 01 221080 National Western Life Insuranc 638522102 4692 34625 SH Sole 34625 2686 19825 SH Defined 01 19825 Nature's Sunshine Products, In 639027101 13442 954686 SH Sole 954686 Natus Medical 639050103 200 21000 SH Sole 21000 Ness Technologies 64104x108 17143 2238041 SH Sole 2238041 NetScout Systems Inc. 64115t104 9860 863400 SH Sole 863400 New York & Company, Inc. 649295102 5009 1570307 SH Sole 1570307 Newcastle Investment Corp 65105m108 314 77150 SH Sole 77150 Noble Romans Inc. 655107100 24 40000 SH Sole 40000 Obagi Medical Products 67423r108 10986 1211300 SH Sole 1211300 Oclaro Inc. 67555n206 767 210600 SH Sole 210600 Ocwen Financial Corporation 675746309 374 28275 SH Sole 28275 Olin Corp 680665205 11029 612400 SH Sole 612400 3791 210500 SH Defined 01 210500 omnimax inc 681908109 0 10000 SH Sole 10000 Oplink Communications, Inc. 68375Q403 3479 229782 SH Sole 229782 Opnext Inc 68375v105 5935 4748100 SH Sole 4748100 Palomar Medical Technologies, 697529303 1073 136113 SH Sole 136113 Parametric Technology New 699173209 10321 671070 SH Sole 671070 PC Mall, Inc. 69323K100 4474 847330 SH Sole 847330 Pennantpark Investment Corp. 708062104 136 15200 SH Sole 15200 Pep Boys-Manny Moe & Jack 713278109 226 22925 SH Sole 22925 PepsiCo Inc 713448108 4891 79018 SH Sole 79018 PerkinElmer, Inc. 714046109 10127 527190 SH Sole 527190 3354 174600 SH Defined 01 174600 Petroquest Energy Inc 716748108 7846 1426575 SH Sole 1426575 2786 506500 SH Defined 01 506500 PHC INC- MASS CL A 693315103 260 110200 SH Sole 110200 Phontronics Inc 719405102 12358 2481500 SH Sole 2481500 Pinnacle Finl Partners Inc. 72346q104 136 12400 SH Sole 12400 Plains Exploration and Product 726505100 3222 141862 SH Sole 141862 45 2000 SH Defined 01 2000 pond hill homes ltd 732374103 0 13123 SH Sole 13123 Powerwave Technologies, Inc. 739363109 11015 6404150 SH Sole 6404150 Precision Castparts 740189105 6700 43099 SH Sole 43099 154 990 SH Defined 01 990 Premiere Global Services, Inc. 740585104 7260 1130791 SH Sole 1130791 2900 451722 SH Defined 01 451722 PRGX Global Inc. 69357c503 71 15100 SH Sole 15100 Procter & Gamble 742718109 491 7766 SH Sole 7766 PVH Corporation 693656100 10586 181769 SH Sole 181769 2301 39515 SH Defined 01 39515 Qlogic Corp 747277101 20273 1598825 SH Sole 1598825 6479 511000 SH Defined 01 511000 Quad/Graphics, Inc. 747301109 379 21000 SH Sole 21000 Radisys Corp 750459109 1932 315700 SH Sole 315700 Rand Logistics Inc. 752182105 786 126519 SH Sole 126519 Receptors inc 756205100 0 30000 SH Sole 30000 Regal Entertainment Group 758766109 16964 1444960 SH Sole 1444960 5857 498930 SH Defined 01 498930 Republic Airways Holdings Inc 760276105 118 42000 SH Sole 42000 Resolute Energy Corp 76116a108 5245 461721 SH Sole 461721 1398 123070 SH Defined 01 123070 Richardson Electronics, Ltd. 763165107 8826 648501 SH Sole 648501 Rock-Tenn CO-CL A 772739207 7938 163067 SH Sole 163067 177 3632 SH Defined 01 3632 Royal Gold, Inc. 780287108 6457 100800 SH Sole 100800 1288 20100 SH Defined 01 20100 RSC Holdings Inc. 74972l102 450 63100 SH Sole 63100 RTI Biologics 74975n105 6117 1859400 SH Sole 1859400 Rudolph Technologies Inc. 781270103 207 31000 SH Sole 31000 Saba Software, Inc. 784932600 432 75000 SH Sole 75000 Schnitzer Steel Industries, In 806882106 11805 320797 SH Sole 320797 3627 98570 SH Defined 01 98570 Sensient Technologies Corp 81725T100 19970 613520 SH Sole 613520 6516 200177 SH Defined 01 200177 SI Finl Group Inc MD 78425v104 3299 356698 SH Sole 356698 3185 344320 SH Defined 01 344320 Solta Medical Inc 83438k103 4621 3696556 SH Sole 3696556 Spartech Corp New 847220209 673 210400 SH Sole 210400 Spirit Airlines Inc. 848577102 177 14200 SH Sole 14200 Stage Stores, Inc. 85254C305 7669 552900 SH Sole 552900 Steelcase Inc. 858155203 198 31300 SH Sole 31300 Stein Mart Inc 858375108 22039 3526287 SH Sole 3526287 Steiner Leisure Limited p8744y102 23830 584500 SH Sole 584500 Summer Infant Inc 865646103 2342 354800 SH Sole 354800 Sunoco Inc. 86764P109 200 6450 SH Sole 6450 Superior Indus Intl 868168105 4000 258925 SH Sole 258925 1987 128600 SH Defined 01 128600 Sykes Enterprises Inc 871237103 7802 521843 SH Sole 521843 Symantec Corp. 871503108 2167 132950 SH Sole 132950 Symmetricom Inc 871543104 12370 2850174 SH Sole 2850174 Symmetry Medical Inc 871546206 4251 550650 SH Sole 550650 3539 458426 SH Defined 01 458426 Syneron Medical Ltd M87245102 1982 200000 SH Sole 200000 SYNNEX Corporation 87162W100 17509 668300 SH Sole 668300 Trans World Entertainment 89336Q100 740 389700 SH Sole 389700 Tronox Inc 897051306 5786 74175 SH Sole 74175 95 1220 SH Defined 01 1220 True Religion Apparel, Inc. 89784N104 377 14000 SH Sole 14000 TTM Technologies, Inc. 87305R109 32461 3413395 SH Sole 3413395 Unifi, Inc 904677200 1635 200079 SH Sole 200079 United Financial Bancorp 91030t109 4750 346950 SH Sole 346950 3440 251300 SH Defined 01 251300 Vanda Pharmaceuticals Inc. 921659108 4175 843450 SH Sole 843450 3452 697398 SH Defined 01 697398 Venoco Inc. 92275p307 8066 915530 SH Sole 915530 2799 317700 SH Defined 01 317700 Verizon Communications 92343V104 239 6491 SH Sole 6491 Viasystems Group Inc 92553h803 934 53085 SH Sole 53085 Viewpoint Financial Group Inc 92672a101 5239 457588 SH Sole 457588 2929 255820 SH Defined 01 255820 Vishay Intertechnology 928298108 16244 1943042 SH Sole 1943042 5829 697270 SH Defined 01 697270 Wabash National 929566107 120 25200 SH Sole 25200 West Marine, Inc. 954235107 8091 1050815 SH Sole 1050815 Westfield Financial Inc 96008p104 2679 406600 SH Sole 406600 2018 306200 SH Defined 01 306200 Westlake Chemical Corp 960413102 7047 205563 SH Sole 205563 188 5485 SH Defined 01 5485 Wet Seal, Inc. 961840105 35147 7845294 SH Sole 7845294 Whiting Petroleum Corp 966387102 4454 126980 SH Sole 126980 60 1700 SH Defined 01 1700 Woodward Inc 980745103 2452 89500 SH Sole 89500 550 20068 SH Defined 01 20068 Felcor Lodging Trust Inc - $1. 31430f200 820 40775 SH Sole 40775 IShares Barclays TIPS Bond ETF 464287176 1913 16740.00 SH Sole 16740.00 IShares Comex Gold Tr 464285105 2003 126522.00 SH Sole 126522.00 124 7850.00 SH Defined 01 7850.00