The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| APCO OIL & GAS INTERNATIONAL | SHS | g0471f109 | 39,764 | 2,550,614 | SH | SOLE | 0 | 0 | 2,550,614 | ||
| BGC PARTNERS INC | CL A | 05541T101 | 60 | 10,000 | SH | SOLE | 0 | 0 | 10,000 | ||
| CELGENE CORP | COM | 151020104 | 1,633 | 9,665 | SH | SOLE | 0 | 0 | 9,665 | ||
| CHEVRON CORP NEW | COM | 166764100 | 568 | 4,545 | SH | SOLE | 0 | 0 | 4,545 | ||
| EASTERN CO | COM | 276317104 | 17,674 | 1,110,186 | SH | SOLE | 0 | 0 | 1,110,186 | ||
| ECOLOGY & ENVIRONMENT INC | CL A | 278878103 | 592 | 53,780 | SH | SOLE | 0 | 0 | 53,780 | ||
| EXXON MOBIL CORP | COM | 30231G102 | 556 | 5,494 | SH | SOLE | 0 | 0 | 5,494 | ||
| GENERAL ELECTRIC CO | COM | 369604103 | 289 | 10,297 | SH | SOLE | 0 | 0 | 10,297 | ||
| GLOBAL POWER EQUIPMENT GRP I | COM PAR $0.01 | 37941P306 | 25,150 | 1,285,107 | SH | SOLE | 0 | 0 | 1,285,107 | ||
| GRAHAM CORP | COM | 384556106 | 9,671 | 266,486 | SH | SOLE | 0 | 0 | 266,486 | ||
| GSE SYS INC | COM | 36227k106 | 350 | 218,537 | SH | SOLE | 0 | 0 | 218,537 | ||
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 830 | 4,426 | SH | SOLE | 0 | 0 | 4,426 | ||
| JOHNSON & JOHNSON | COM | 478160104 | 443 | 4,840 | SH | SOLE | 0 | 0 | 4,840 | ||
| LILLY ELI & CO | COM | 532457108 | 224 | 4,394 | SH | SOLE | 0 | 0 | 4,394 | ||
| M & T BK CORP | COM | 55261F104 | 971 | 8,342 | SH | SOLE | 0 | 0 | 8,342 | ||
| MERCK & CO INC NEW | COM | 58933y105 | 518 | 10,350 | SH | SOLE | 0 | 0 | 10,350 | ||
| MICROSOFT CORP | COM | 594918104 | 281 | 7,522 | SH | SOLE | 0 | 0 | 7,522 | ||
| NANOSPHERE INC | COM | 63009F105 | 262 | 114,200 | SH | SOLE | 0 | 0 | 114,200 | ||
| NAVIGATOR HOLDINGS LTD | SHS | Y62132108 | 541 | 20,079 | SH | SOLE | 0 | 0 | 20,079 | ||
| PFIZER INC | COM | 717081103 | 235 | 7,669 | SH | SOLE | 0 | 0 | 7,669 | ||
| PMFG INC | COM | 69345P103 | 43,936 | 4,854,782 | SH | SOLE | 0 | 0 | 4,854,782 | ||
| PRECISION CASTPARTS CORP | COM | 740189105 | 2,510 | 9,322 | SH | SOLE | 0 | 0 | 9,322 | ||
| PROCTER & GAMBLE CO | COM | 742718109 | 884 | 10,859 | SH | SOLE | 0 | 0 | 10,859 | ||
| PROSHARES TR | PSHS ULSHT SP500 | 74347B300 | 1,661 | 55,987 | SH | SOLE | 0 | 0 | 55,987 | ||
| RAND CAP CORP | COM | 752185108 | 2,828 | 924,168 | SH | SOLE | 0 | 0 | 924,168 | ||
| TRANSCAT INC | COM | 893529107 | 15,661 | 1,960,014 | SH | SOLE | 0 | 0 | 1,960,014 | ||
| UNION PAC CORP | COM | 907818108 | 401 | 2,386 | SH | SOLE | 0 | 0 | 2,386 | ||
| UNITED STATES LIME & MINERAL | COM | 911922102 | 1,613 | 26,371 | SH | SOLE | 0 | 0 | 26,371 | ||