President

0001214659-13-004617.txt : 20130814 0001214659-13-004617.hdr.sgml : 20130814 20130814072842 ACCESSION NUMBER: 0001214659-13-004617 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130630 FILED AS OF DATE: 20130814 DATE AS OF CHANGE: 20130814 EFFECTIVENESS DATE: 20130814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBF Capital, LLC CENTRAL INDEX KEY: 0001134621 IRS NUMBER: 680383896 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06357 FILM NUMBER: 131034954 BUSINESS ADDRESS: STREET 1: 100 DRAKES LANDING ROAD STREET 2: SUITE 300 CITY: GREENBRAE STATE: CA ZIP: 94904 BUSINESS PHONE: (415) 464-4475 MAIL ADDRESS: STREET 1: 100 DRAKES LANDING ROAD STREET 2: SUITE 300 CITY: GREENBRAE STATE: CA ZIP: 94904 FORMER COMPANY: FORMER CONFORMED NAME: RBF LLC DATE OF NAME CHANGE: 20010213 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001134621 XXXXXXXX 06-30-2013 06-30-2013 false RBF Capital, LLC

100 Drakes Landing Road Suite 300 Greenbrae CA 94904

13F HOLDINGS REPORT 028-06357 N Richard B. Fullerton President 415-464-4475 /s/ Richard B. Fullerton Greenbrae CA 07-26-2013 0 279 351960 INFORMATION TABLE 2 infotable.xml A. H. BELO CORPORATION CMN SERIES A Common Stock 001282102 141 20485 SH SOLE 20485 0 0 ACTIONS SEMICONDUCTOR CO LTD ADR CMN Depositary Receipt 00507E107 784 265683 SH SOLE 265683 0 0 ADVISORY BRD CO CMN Common Stock 00762W107 219 4000 SH SOLE 4000 0 0 AEP INDUSTRIES INC CMN Common Stock 001031103 3422 46000 SH SOLE 46000 0 0 AETNA INC CMN Common Stock 00817Y108 441 6942 SH SOLE 6942 0 0 AGILYSYS INC CMN Common Stock 00847J105 254 22505 SH SOLE 22505 0 0 ALLIANCE ONE INTL INC. CMN Common Stock 018772103 570 149980 SH SOLE 149980 0 0 ALLIANCEBERNSTEIN HOLDING LP CMN Partnership Shares 01881G106 625 30000 SH SOLE 30000 0 0 AMERCO CMN Common Stock 023586100 453 2800 SH SOLE 2800 0 0 AMERICAN EAGLE OUTFITTERS INC (NEW) Common Stock 02553E106 548 30000 SH SOLE 30000 0 0 AMERICAN EXPRESS CO. CMN Common Stock 025816109 1121 15000 SH SOLE 15000 0 0 AMERICAN GREETINGS CORPORATION CMN CLASSA Common Stock 026375105 5466 300000 SH SOLE 300000 0 0 AMERICAN INTL GROUP, INC. CMN Common Stock 026874784 3129 70000 SH SOLE 70000 0 0 AMERICAN PUBLIC EDUCATION INC. CMN Common Stock 02913V103 465 12500 SH SOLE 12500 0 0 APOLLO GLOBAL MANAGEMENT, LLC CMN CLASSA Partnership Shares 037612306 241 10000 SH SOLE 10000 0 0 ARLINGTON ASSET INVESTMENT COR*P CMN CLASS A Common Stock 041356205 214 8001 SH SOLE 8001 0 0 ARROW ELECTRONICS INC. CMN Common Stock 042735100 399 10000 SH SOLE 10000 0 0 ASPEN INSURANCE HOLDINGS LTD CMN Common Stock G05384105 1484 40000 SH SOLE 40000 0 0 ASTA FUNDING INC CMN Common Stock 046220109 1730 200000 SH SOLE 200000 0 0 AUTODESK INC CMN Common Stock 052769106 339 10000 SH SOLE 10000 0 0 AVNET INC. CMN Common Stock 053807103 504 15000 SH SOLE 15000 0 0 AXIS CAPITAL HOLDINGS, LTD. CMN Common Stock G0692U109 229 5000 SH SOLE 5000 0 0 BAKER HUGHES INC CMN Common Stock 057224107 461 10000 SH SOLE 10000 0 0 BALTIC TRADING LTD CMN Common Stock Y0553W103 224 60411 SH SOLE 60411 0 0 BANK OF AMERICA CORP CMN Common Stock 060505104 9774 760000 SH SOLE 760000 0 0 BANK OF MARIN BANCORP CMN Common Stock 063425102 202 5046 SH SOLE 5046 0 0 BEASLEY BROADCAST GROUP INC CMN CLASS A Common Stock 074014101 272 32469 SH SOLE 32469 0 0 BEL FUSE INC CL-B CMN CLASS B Common Stock 077347300 135 10000 SH SOLE 10000 0 0 BENCHMARK ELECTRONICS INC CMN Common Stock 08160H101 201 10000 SH SOLE 10000 0 0 BERKSHIRE HATHAWAY INC CL-A (DEL) CLASSA Common Stock 084670108 36249 215 SH SOLE 215 0 0 BON-TON STORES INC CMN Common Stock 09776J101 343 19000 SH SOLE 19000 0 0 BROADWIND ENERGY INC. CMN Common Stock 11161T207 659 137894 SH SOLE 137894 0 0 C D I CORP CMN Common Stock 125071100 425 30000 SH SOLE 30000 0 0 CAMBREX CORPORATION CMN Common Stock 132011107 140 10000 SH SOLE 10000 0 0 CAMCO FINL CORP CMN Common Stock 132618109 759 231410 SH SOLE 231410 0 0 CAMELOT INFORMATION SYSTEMS IN*C. ADR CMN Depositary Receipt 13322V105 133 76699 SH SOLE 76699 0 0 CAMPBELL SOUP CO CMN Common Stock 134429109 896 20000 SH SOLE 20000 0 0 CAPITAL ONE FINANCIAL CORP CMN Common Stock 14040H105 1256 20000 SH SOLE 20000 0 0 CAREER EDUCATION CORP CMN Common Stock 141665109 279 96317 SH SOLE 96317 0 0 CARRIAGE SERVICES, INC. CMN Common Stock 143905107 3060 180557 SH SOLE 180557 0 0 CARROLS RESTAURANT GROUP INC CMN Common Stock 14574X104 1292 200000 SH SOLE 200000 0 0 CENTRAL GARDEN & PET CO CMN Common Stock 153527106 155 21800 SH SOLE 21800 0 0 CENTURY CASINOS INC CMN Common Stock 156492100 346 100000 SH SOLE 100000 0 0 CHESAPEAKE ENERGY CORPORATION CMN Common Stock 165167107 611 30000 SH SOLE 30000 0 0 CHICO'S FAS INC CMN Common Stock 168615102 171 10000 SH SOLE 10000 0 0 CHINA YUCHAI INTL LTD CMN Common Stock G21082105 176 10000 SH SOLE 10000 0 0 CNINSURE INC. SPONSORED ADR CMN Depositary Receipt 18976M103 838 138991 SH SOLE 138991 0 0 CNO FINANCIAL GROUP INC CMN Common Stock 12621E103 3434 265000 SH SOLE 265000 0 0 COCA-COLA COMPANY (THE) CMN Common Stock 191216100 1604 40000 SH SOLE 40000 0 0 COGENT COMMUNICATIONS GROUP IN*C CMN Common Stock 19239V302 563 20000 SH SOLE 20000 0 0 COGO GROUP, INC CMN Common Stock G22538105 216 106285 SH SOLE 106285 0 0 COLEMAN CABLE, INC. CMN Common Stock 193459302 2754 152514 SH SOLE 152514 0 0 CONTINENTAL MATERIALS CORP CMN Common Stock 211615307 405 26190 SH SOLE 26190 0 0 COWEN GROUP, INC. CMN Common Stock 223622101 724 250634 SH SOLE 250634 0 0 CREDIT SUISSE GROUP SPON ADR SPONSORED ADR CMN Depositary Receipt 225401108 271 10244 SH SOLE 10244 0 0 CREE, INC. Put Options 225447101 78 433 SH Put SOLE 310 0 0 CSG SYSTEMS INTL INC CMN Common Stock 126349109 654 30032 SH SOLE 30032 0 0 CULP INC CMN Common Stock 230215105 174 10000 SH SOLE 10000 0 0 CVS CAREMARK CORPORATION CMN Common Stock 126650100 2859 50000 SH SOLE 50000 0 0 DANA HOLDING CORPORATION CMN Common Stock 235825205 578 30000 SH SOLE 30000 0 0 DATALINK CORP CMN Common Stock 237934104 106 10000 SH SOLE 10000 0 0 DELUXE CORP CMN Common Stock 248019101 347 10000 SH SOLE 10000 0 0 DESWELL INDUSTRIES INC CMN Common Stock 250639101 124 50000 SH SOLE 50000 0 0 DEX MEDIA INC NEW CMN Common Stock 25213A107 836 47582 SH SOLE 47582 0 0 DGT HLDGS CORP CMN Common Stock 23328R206 257 20000 SH SOLE 20000 0 0 DHT HOLDINGS INC CMN Common Stock Y2065G121 977 218159 SH SOLE 218159 0 0 DISCOVER FINANCIAL SERVICES CMN Common Stock 254709108 719 15100 SH SOLE 15100 0 0 DIXIE GROUP INC CMN CLASS A Common Stock 255519100 182 21966 SH SOLE 21966 0 0 DOLAN MEDIA COMPANY CMN Common Stock 25659P402 82 50033 SH SOLE 50033 0 0 DOVER DOWNS GAMING & ENTMT INC CMN Common Stock 260095104 505 325742 SH SOLE 325742 0 0 DOVER MOTORSPORTS INC CMN Common Stock 260174107 161 74663 SH SOLE 74663 0 0 DOVER SADDLERY, INC. CMN Common Stock 260412101 138 38335 SH SOLE 38335 0 0 DST SYSTEM INC COMMON STOCK Common Stock 233326107 588 9000 SH SOLE 9000 0 0 E*TRADE FINANCIAL CORPORATION CMN Common Stock 269246401 127 10000 SH SOLE 10000 0 0 EASTERN VA BANKSHARES INC CMN Common Stock 277196101 188 37642 SH SOLE 37642 0 0 EBAY INC. CMN Common Stock 278642103 2069 40000 SH SOLE 40000 0 0 EDCI HLDGS INC CMN Common Stock 268315207 550 174500 SH SOLE 174500 0 0 EINSTEIN NOAH RESTAURANT GROUP, INC CMN Common Stock 28257U104 142 10000 SH SOLE 10000 0 0 ENDURANCE SPECIALTY HLDGS LTD CMN Common Stock G30397106 1286 25000 SH SOLE 25000 0 0 ENGLOBAL CORPORATION CMN Common Stock 293306106 150 158168 SH SOLE 158168 0 0 ENTEGRIS, INC. CMN Common Stock 29362U104 94 10000 SH SOLE 10000 0 0 ENTERCOM COMMS. CORP CLASS A COMMON STOCK Common Stock 293639100 94 10000 SH SOLE 10000 0 0 ENTRAVISION COMMUNICATIONS CP CMN CLASSA Common Stock 29382R107 3169 515256 SH SOLE 515256 0 0 EQUIFAX INC CMN Common Stock 294429105 589 10000 SH SOLE 10000 0 0 EVEREST RE GROUP LTD CMN Common Stock G3223R108 641 5000 SH SOLE 5000 0 0 FABRINET CMN Common Stock G3323L100 649 46337 SH SOLE 46337 0 0 FACEBOOK, INC. CMN CLASS A Common Stock 30303M102 2488 100000 SH SOLE 100000 0 0 FAIR ISAAC INC CMN Common Stock 303250104 917 20000 SH SOLE 20000 0 0 FEDERATED NATL HLDG CO CMN Common Stock 31422T101 244 25000 SH SOLE 25000 0 0 FIESTA RESTAURANT GROUP, INC. CMN Common Stock 31660B101 5153 150000 SH SOLE 150000 0 0 FIRST CMNTY CORP S C CMN Common Stock 319835104 644 70000 SH SOLE 70000 0 0 FIRST OF LONG ISLAND CORP CMN Common Stock 320734106 232 7000 SH SOLE 7000 0 0 FIRSTMERIT CORP CMN Common Stock 337915102 2294 114533 SH SOLE 114533 0 0 FIVE STAR QUALITY CARE INC CMN Common Stock 33832D106 842 150000 SH SOLE 150000 0 0 FLAGSTAR BANCORP, INC. CMN Common Stock 337930705 706 50586 SH SOLE 50586 0 0 FLEXSTEEL INDUSTRIES INC CMN Common Stock 339382103 1341 55000 SH SOLE 55000 0 0 FLUOR CORPORATION CMN Common Stock 343412102 593 10000 SH SOLE 10000 0 0 FLUSHING FINANCIAL CORPORATION CMN Common Stock 343873105 181 10983 SH SOLE 10983 0 0 FOSTER WHEELER AG CMN Common Stock H27178104 261 12000 SH SOLE 12000 0 0 GANNETT CO.INC. CMN Common Stock 364730101 1957 80000 SH SOLE 80000 0 0 GENCOR INDUSTRIES INC CMN Common Stock 368678108 432 60758 SH SOLE 60758 0 0 GENERAL CABLE CORP CMN Common Stock 369300108 923 30000 SH SOLE 30000 0 0 GENERAL MOTORS COMPANY CMN Common Stock 37045V100 333 10000 SH SOLE 10000 0 0 GIBRALTAR INDUSTRIES INC CMN Common Stock 374689107 2038 140000 SH SOLE 140000 0 0 GLOBAL GEOPHYSICAL SERVICES IN*C CMN Common Stock 37946S107 500 105837 SH SOLE 105837 0 0 GLOBAL SOURCES LIMITED CMN ISIN: BMG393001018 Common Stock G39300101 155 23146 SH SOLE 23146 0 0 GOLDMAN SACHS GROUP, INC.(THE) CMN Common Stock 38141G104 3479 23000 SH SOLE 23000 0 0 GOOGLE, INC. CMN CLASS A Common Stock 38259P508 440 500 SH SOLE 500 0 0 GRAPHIC PACKAGING HLDGCO CMN Common Stock 388689101 211 27286 SH SOLE 27286 0 0 GROUPON INC CMN CLASS A Common Stock 399473107 342 40000 SH SOLE 40000 0 0 H & R BLOCK INC. CMN Common Stock 093671105 555 20000 SH SOLE 20000 0 0 H&E EQUIPMENT SERVICES INC CMN Common Stock 404030108 421 20000 SH SOLE 20000 0 0 HANGER INC CMN Common Stock 41043F208 263 8300 SH SOLE 8300 0 0 HANMI FINANCIAL CORPORATION CMN Common Stock 410495204 1325 75000 SH SOLE 75000 0 0 HARBINGER GROUP INC CMN Common Stock 41146A106 822 109079 SH SOLE 109079 0 0 HARDINGE INC. COMMON STOCK Common Stock 412324303 1035 70000 SH SOLE 70000 0 0 HARVARD BIOSCIENCE INC CMN Common Stock 416906105 159 33887 SH SOLE 33887 0 0 HAWTHORN BANCSHARES INC CMN Common Stock 420476103 335 26801 SH SOLE 26801 0 0 HCA HOLDINGS, INC. CMN Common Stock 40412C101 2705 75000 SH SOLE 75000 0 0 HEALTH MANAGEMENT ASSOC. CL A CMN CLASSA Common Stock 421933102 472 30000 SH SOLE 30000 0 0 HEALTH NET, INC. CMN Common Stock 42222G108 1273 40000 SH SOLE 40000 0 0 HERTZ GLOBAL HOLDINGS, INC. CMN Common Stock 42805T105 372 15000 SH SOLE 15000 0 0 HOLLYFRONTIER CORP CMN Common Stock 436106108 1070 25000 SH SOLE 25000 0 0 HOLLYWOOD MEDIA CORP CMN Common Stock 436233100 356 265511 SH SOLE 265511 0 0 HOOPER HOLMES INC CMN Common Stock 439104100 145 402203 SH SOLE 402203 0 0 HORACE MANN EDUCATORS CORP CMN Common Stock 440327104 244 10000 SH SOLE 10000 0 0 HORMEL FOODS CORP CMN Common Stock 440452100 386 10000 SH SOLE 10000 0 0 HUBBELL INCORPORATED CLASS B CMN CLASS B Common Stock 443510201 446 4500 SH SOLE 4500 0 0 HUDSON GLOBAL, INC. CMN Common Stock 443787106 37 15000 SH SOLE 15000 0 0 HUTTIG BUILDING PRODUCTS INC CMN Common Stock 448451104 1336 566276 SH SOLE 566276 0 0 INDEPENDENCE HOLDING COMPANY (NEW) Common Stock 453440307 177 15000 SH SOLE 15000 0 0 INDEPENDENT BANK CORP MASS CMN Common Stock 453836108 1035 30000 SH SOLE 30000 0 0 INFORMATION SVCS GRP, INC. CMN Common Stock 45675Y104 72 37301 SH SOLE 37301 0 0 INFUSYSTEM HOLDINGS, INC. CMN Common Stock 45685K102 782 524923 SH SOLE 524923 0 0 INSTEEL INDUSTRIES INC CMN Common Stock 45774W108 1752 100000 SH SOLE 100000 0 0 INTEGRATED ELECTRICAL SVC INC CMN Common Stock 45811E301 133 30000 SH SOLE 30000 0 0 INTERTAPE POLYMER GROUP INC CMN Common Stock 460919103 866 69980 SH SOLE 69980 0 0 INTERXION HOLDING N.V. CMN Common Stock N47279109 261 10000 SH SOLE 10000 0 0 INVESTORS TITLE CO CMN Common Stock 461804106 284 4000 SH SOLE 4000 0 0 ITT EDUCATIONAL SERVICES INC CMN Common Stock 45068B109 244 10000 SH SOLE 10000 0 0 J.C. PENNEY CO INC (HLDNG CO) CMN Common Stock 708160106 342 20000 SH SOLE 20000 0 0 JOURNAL COMMUNICATIONS INC CMN CLASS A Common Stock 481130102 150 20000 SH SOLE 20000 0 0 JPMORGAN CHASE & CO CMN Common Stock 46625H100 2692 51000 SH SOLE 51000 0 0 JPS INDUSTRIES, INC. CMN Common Stock 46624E405 1160 202103 SH SOLE 202103 0 0 KELLY SERVICES INC(CL-A) CMN CLASS A Common Stock 488152208 1158 66280 SH SOLE 66280 0 0 KRAFT FOODS GROUP, INC. CMN Common Stock 50076Q106 1118 20018 SH SOLE 20018 0 0 KROGER COMPANY CMN Common Stock 501044101 518 15000 SH SOLE 15000 0 0 LANNETT COMPANY, INC CMN Common Stock 516012101 476 40000 SH SOLE 40000 0 0 LEAR CORPORATION CMN Common Stock 521865204 646 10678 SH SOLE 10678 0 0 LEE ENTERPRISES INC CMN Common Stock 523768109 667 326833 SH SOLE 326833 0 0 LIBBEY INC. CMN Common Stock 529898108 240 10000 SH SOLE 10000 0 0 LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 259 49145 SH SOLE 49145 0 0 LKQ CORPORATION CMN Common Stock 501889208 2575 100000 SH SOLE 100000 0 0 LSI INDUSTRIES INC CMN Common Stock 50216C108 358 44231 SH SOLE 44231 0 0 LUKOIL OIL CO SPONS ADR SPONSORED ADR CMN CLASS Depositary Receipt 677862104 720 12500 SH SOLE 12500 0 0 LYONDELLBASELL INDUSTRIES N.V. CMN CLASSA Common Stock N53745100 1325 20000 SH SOLE 20000 0 0 MARSH & MCLENNAN CO INC CMN Common Stock 571748102 599 15000 SH SOLE 15000 0 0 MASTERCARD INCORPORATED CMN CLASS A Common Stock 57636Q104 3734 6500 SH SOLE 6500 0 0 MATERIAL SCIENCES CORP CMN Common Stock 576674105 302 30000 SH SOLE 30000 0 0 MCGRAW-HILL COMPANIES INC CMN Common Stock 580645109 2660 50000 SH SOLE 50000 0 0 MEDNAX INC CMN Common Stock 58502B106 330 3600 SH SOLE 3600 0 0 MENS WEARHOUSE INC (THE) CMN Common Stock 587118100 3407 90000 SH SOLE 90000 0 0 MET-PRO CORPORATION CMN Common Stock 590876306 586 43617 SH SOLE 43617 0 0 MFRI INC CMN Common Stock 552721102 247 21680 SH SOLE 21680 0 0 MICROFINANCIAL INCORPORATED CMN Common Stock 595072109 785 100000 SH SOLE 100000 0 0 MICROSOFT CORPORATION CMN Common Stock 594918104 345 10000 SH SOLE 10000 0 0 MICROSTRATEGY INC CMN CLASS A Common Stock 594972408 217 2500 SH SOLE 2500 0 0 MONDELEZ INTERNATIONAL, INC. CMN Common Stock 609207105 1712 60000 SH SOLE 60000 0 0 MONSTER WORLDWIDE INC. CMN Common Stock 611742107 53 10719 SH SOLE 10719 0 0 MORGAN STANLEY CMN Call Options 617446448 365 518 SH Call SOLE 200 0 0 MORGAN STANLEY CMN Common Stock 617446448 15269 625000 SH SOLE 625000 0 0 MOVADO GROUP INC CMN Common Stock 624580106 338 10000 SH SOLE 10000 0 0 MSCI INC. CMN Common Stock 55354G100 665 20000 SH SOLE 20000 0 0 MUELLER WATER PRODUCTS, INC. CMN SERIESA Common Stock 624758108 939 135855 SH SOLE 135855 0 0 NABORS INDUSTRIES LTD. CMN Common Stock G6359F103 1301 85000 SH SOLE 85000 0 0 NASDAQ OMX GROUP, INC. CMN Common Stock 631103108 328 10000 SH SOLE 10000 0 0 NATHANS FAMOUS INC CMN Common Stock 632347100 366 7000 SH SOLE 7000 0 0 NATL WESTN LIFE INS CO CL-A CMN CLASS A Common Stock 638522102 285 1500 SH SOLE 1500 0 0 NCI BUILDING SYSTEMS, INC. CMN Common Stock 628852204 459 30000 SH SOLE 30000 0 0 NEW HAMPSHIRE THRIFT BANCSHARES INC Common Stock 644722100 2630 183765 SH SOLE 183765 0 0 NN INC CMN Common Stock 629337106 114 10000 SH SOLE 10000 0 0 OAKTREE CAPITAL GROUP, LLC CMN Partnership Shares 674001201 526 10000 SH SOLE 10000 0 0 OMNICOM GROUP CMN Common Stock 681919106 629 10000 SH SOLE 10000 0 0 OPTICAL CABLE CORP CMN Common Stock 683827208 144 32496 SH SOLE 32496 0 0 PAR TECHNOLOGY CORP CMN Common Stock 698884103 153 38085 SH SOLE 38085 0 0 PARTNERRE LTD BERMUDA CMN Common Stock G6852T105 2264 25000 SH SOLE 25000 0 0 PATTERSON-UTI ENERGY, INC. ORD CMN Common Stock 703481101 774 40000 SH SOLE 40000 0 0 PENTAIR LTD CMN Common Stock H6169Q108 346 6000 SH SOLE 6000 0 0 PEPSICO INC CMN Common Stock 713448108 8997 110000 SH SOLE 110000 0 0 PERCEPTRON INC CMN Common Stock 71361F100 600 76103 SH SOLE 76103 0 0 PERFECT WORLD CO., LTD. SPONSORED ADR CMN Depositary Receipt 71372U104 956 54900 SH SOLE 54900 0 0 PGT INC CMN Common Stock 69336V101 564 65000 SH SOLE 65000 0 0 PHH CORPORATION CMN Common Stock 693320202 3283 161087 SH SOLE 161087 0 0 PHILIP MORRIS INTL INC CMN Common Stock 718172109 520 6000 SH SOLE 6000 0 0 PHILLIPS 66 CMN Common Stock 718546104 3181 54000 SH SOLE 54000 0 0 PHOENIX COMPANIES INC. (THE) CMN Common Stock 71902E604 4780 111157 SH SOLE 111157 0 0 PLATINUM UNDERWRITERS HLDGS CMN Common Stock G7127P100 6866 120000 SH SOLE 120000 0 0 PNC FINANCIAL SERVICES GROUP CMN Common Stock 693475105 1094 15000 SH SOLE 15000 0 0 PPG INDUSTRIES, INC. CMN Common Stock 693506107 1611 11000 SH SOLE 11000 0 0 PRICESMART INC CMN Common Stock 741511109 219 2500 SH SOLE 2500 0 0 PRIMEENERGY CORP CMN Common Stock 74158E104 208 5615 SH SOLE 5615 0 0 PROGRESSIVE CORPORATION (THE) CMN Common Stock 743315103 508 20000 SH SOLE 20000 0 0 PSYCHEMEDICS CORPORATION CMN Common Stock 744375205 843 78495 SH SOLE 78495 0 0 PULTEGROUP INC. CMN Common Stock 745867101 949 50000 SH SOLE 50000 0 0 QC HOLDINGS, INC. CMN Common Stock 74729T101 103 36263 SH SOLE 36263 0 0 R R DONNELLEY & SONS CO CMN Common Stock 257867101 210 15000 SH SOLE 15000 0 0 RAIT FINANCIAL TRUST CMN REIT 749227609 226 30000 SH SOLE 30000 0 0 RCM TECHNOLOGIES INC CMN Common Stock 749360400 109 20000 SH SOLE 20000 0 0 REALOGY HLDGS CORP CMN Common Stock 75605Y106 3589 74700 SH SOLE 74700 0 0 RENT-A-CENTER INC CMN Common Stock 76009N100 376 10000 SH SOLE 10000 0 0 RESOURCE AMERICA INC CL-A CMN CLASS A Common Stock 761195205 521 61273 SH SOLE 61273 0 0 ROCKWELL AUTOMATION INC CMN Common Stock 773903109 249 3000 SH SOLE 3000 0 0 RPM INTERNATIONAL INC CMN Common Stock 749685103 799 25000 SH SOLE 25000 0 0 SALEM COMMUNICATIONS CL-A CMN CLASS A Common Stock 794093104 150 20045 SH SOLE 20045 0 0 SANMINA-SCI CORPORATION CMN Common Stock 801056102 144 10000 SH SOLE 10000 0 0 SEARS HOLDINGS CORPORATION CMN Common Stock 812350106 631 15000 SH SOLE 15000 0 0 SED INTERNATIONAL HLDGS INC CMN Common Stock 784109209 20 10000 SH SOLE 10000 0 0 SERVICE CORP INTERNATL CMN Common Stock 817565104 361 20000 SH SOLE 20000 0 0 SINCLAIR BROADCAST GROUP INC CMN CLASS A Common Stock 829226109 294 10000 SH SOLE 10000 0 0 SL INDS INC CMN Common Stock 784413106 2014 80316 SH SOLE 80316 0 0 SPAR GROUP INC CMN Common Stock 784933103 2477 907290 SH SOLE 907290 0 0 SPDR GOLD TRUST ETF Mutual Fund 78463V107 2245 18850 SH SOLE 18850 0 0 SPDR S&P 500 ETF TRUST Mutual Fund 78462F103 20855 130000 SH SOLE 130000 0 0 STANLEY FURNITURE INC (NEW) CMN Common Stock 854305208 40 10000 SH SOLE 10000 0 0 STARTEC INCORPORATED CMN Common Stock 85569C107 243 51323 SH SOLE 51323 0 0 STATE STREET CORPORATION (NEW) CMN Common Stock 857477103 6195 95000 SH SOLE 95000 0 0 STEELCASE INC. CLASS A COMMON STOCK Common Stock 858155203 219 15000 SH SOLE 15000 0 0 STEWART ENTERPRISES INC CLASS A Common Stock 860370105 3280 250000 SH SOLE 250000 0 0 STEWART INFORMATION SVCS CORP CMN Common Stock 860372101 2095 80000 SH SOLE 80000 0 0 STRATUS PPTYS INC CMN Common Stock 863167201 2502 210971 SH SOLE 210971 0 0 SUNTRUST BANKS INC $1.00 PAR CMN Common Stock 867914103 631 20000 SH SOLE 20000 0 0 SUPERTEL HOSPITALITY INC CMN REIT 868526104 486 511845 SH SOLE 511845 0 0 SURMODICS INC CMN Common Stock 868873100 200 10000 SH SOLE 10000 0 0 SYMETRA FINANCIAL CORPORATION CMN Common Stock 87151Q106 575 35952 SH SOLE 35952 0 0 SYPRIS SOLUTIONS INC (DE) CMN Common Stock 871655106 32 10000 SH SOLE 10000 0 0 TECUMSEH PRODUCTS CO CL-A CMN CLASS A Common Stock 878895200 4520 413501 SH SOLE 413501 0 0 TEMPUR SEALY INTERNATIONAL INC CMN Common Stock 88023U101 878 20000 SH SOLE 20000 0 0 THE BANK OF NY MELLON CORP CMN Common Stock 064058100 421 15000 SH SOLE 15000 0 0 THE FINANCIAL SELECT SECTOR SPDR FUND Mutual Fund 81369Y605 1139 58597 SH SOLE 58597 0 0 THE RYLAND GROUP, INC. CMN Common Stock 783764103 201 5000 SH SOLE 5000 0 0 THERAGENICS CORP CMN Common Stock 883375107 602 291012 SH SOLE 291012 0 0 THOMAS PROPERTIES GROUP, INC. CMN Common Stock 884453101 795 150000 SH SOLE 150000 0 0 TOLL BROTHERS, INC. CMN Common Stock 889478103 3263 100000 SH SOLE 100000 0 0 TOTAL SYS SVC INC. CMN Common Stock 891906109 245 10000 SH SOLE 10000 0 0 TOWER GROUP INTL LTD CMN Common Stock G8988C105 3077 150000 SH SOLE 150000 0 0 TRINITY BIOTECH PLC SPONSORED ADR CMN Depositary Receipt 896438306 253 15000 SH SOLE 15000 0 0 TRIPLE-S MANAGEMENT CORP CMN CLASS B Common Stock 896749108 376 17500 SH SOLE 17500 0 0 TYCO INTERNATIONAL LTD CMN Common Stock H89128104 824 25000 SH SOLE 25000 0 0 U.S. CONCRETE INC 144A 9.5% 08/31/2015 SER: CONV DMJS Common Stock 90333L201 315 201000 PRN SOLE 201000 0 0 U.S. CONCRETE INC CMN Common Stock 90333L201 642 39069 SH SOLE 39069 0 0 U.S. GLOBAL INVESTORS INC A CMN Common Stock 902952100 78 36800 SH SOLE 36800 0 0 U.S. PHYSICAL THERAPY, INC. CMN Common Stock 90337L108 1935 69999 SH SOLE 69999 0 0 UNILEVER N.V. NY SHS (NEW) ADR CMN Depositary Receipt 904784709 1179 30000 SH SOLE 30000 0 0 UNITED BANCSHARES INC OHIO CMN Common Stock 909458101 696 57500 SH SOLE 57500 0 0 UNITED CONTINENTAL HOLDING INC CMN Common Stock 910047109 2503 80000 SH SOLE 80000 0 0 UNITED ONLINE INC CMN Common Stock 911268100 1516 200000 SH SOLE 200000 0 0 UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK Common Stock 911312106 865 10000 SH SOLE 10000 0 0 UNITED RENTALS, INC. CMN Common Stock 911363109 250 5000 SH SOLE 5000 0 0 UNITED TECHNOLOGIES CORP CMN Common Stock 913017109 232 2500 SH SOLE 2500 0 0 UNITEDHEALTH GROUP INCORPORATE*D CMN Common Stock 91324P102 3601 55000 SH SOLE 55000 0 0 UNIVERSAL HEALTH SVC CL B CMN CLASS B Common Stock 913903100 670 10000 SH SOLE 10000 0 0 UNIVERSAL TECHNICAL INSTITUTE CMN Common Stock 913915104 1033 100000 SH SOLE 100000 0 0 USA MOBILITY INC CMN Common Stock 90341G103 271 20000 SH SOLE 20000 0 0 VERINT SYSTEMS, INC. CMN Common Stock 92343X100 709 20000 SH SOLE 20000 0 0 VF CORP CMN Common Stock 918204108 1544 8000 SH SOLE 8000 0 0 VIAD CORP CMN Common Stock 92552R406 981 40000 SH SOLE 40000 0 0 VISA INC. CMN CLASS A Common Stock 92826C839 4021 22000 SH SOLE 22000 0 0 W.R. GRACE & CO (NEW) CMN Common Stock 38388F108 1891 22500 SH SOLE 22500 0 0 WAL MART STORES INC CMN Common Stock 931142103 2235 30000 SH SOLE 30000 0 0 WALGREEN CO. CMN Common Stock 931422109 1105 25000 SH SOLE 25000 0 0 WARREN RESOURCES INC. CMN Common Stock 93564A100 510 200000 SH SOLE 200000 0 0 WEBCO INDS INC CMN Common Stock 947621207 1199 10707 SH SOLE 10707 0 0 WELLCARE HEALTH PLANS INC CMN Common Stock 94946T106 278 5000 SH SOLE 5000 0 0 WILLDAN GROUP INC CMN Common Stock 96924N100 602 200000 SH SOLE 200000 0 0 WILLIS LEASE FINANCE CORP CMN Common Stock 970646105 540 40000 SH SOLE 40000 0 0 XEROX CORPORATION CMN Common Stock 984121103 439 48400 SH SOLE 48400 0 0 YAHOO INC CMN Common Stock 984332106 1508 60000 SH SOLE 60000 0 0 YELP INC. CMN Common Stock 985817105 556 16000 SH SOLE 16000 0 0 YPF SOCIEDAD ANONIMA SPONSORED ADR REPSTG CL D Depositary Receipt 984245100 148 10000 SH SOLE 10000 0 0