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
Estimated average burden
hours per response: 23.8
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
3M CO COM 88579Y101 11,047 77,972 SH   SOLE   0 0 77,972
ABB LTD SPONSORED ADR 000375204 977 43,600 SH   SOLE   0 0 43,600
ABBOTT LABS COM 002824100 347 8,350 SH   SOLE   0 0 8,350
ABBVIE INC COM 00287Y109 5,146 89,100 SH   SOLE   0 0 89,100
ABERDEEN ASIA PACIFIC INCOM COM 003009107 225 38,200 SH   SOLE   0 0 38,200
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 323 45,450 SH   SOLE   0 0 45,450
AGILYSYS INC COM 00847J105 1,729 147,400 SH   SOLE   0 0 147,400
AGRIUM INC COM 008916108 7,899 88,914 SH   SOLE   0 0 88,914
AIR LEASE CORP CL A 00912X302 689 21,200 SH   SOLE   0 0 21,200
ALCOA INC COM 013817101 6,499 403,919 SH   SOLE   0 0 403,919
ALTERA CORP COM 021441100 18,672 521,860 SH   SOLE   0 0 521,860
ALTRIA GROUP INC COM 02209S103 227 4,950 SH   SOLE   0 0 4,950
AMERICAN AIRLS GROUP INC COM 02376R102 371 10,462 SH   SOLE   0 0 10,462
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 11,441 787,975 SH   SOLE   0 0 787,975
AMERICAN ELEC PWR INC COM 025537101 438 8,401 SH   SOLE   0 0 8,401
AMERICAN FINL GROUP INC OHIO COM 025932104 260 4,500 SH   SOLE   0 0 4,500
AMERICAN SOFTWARE INC CL A 029683109 127 14,450 SH   SOLE   0 0 14,450
AMERICAN WTR WKS CO INC NEW COM 030420103 265 5,500 SH   SOLE   0 0 5,500
AMETEK INC NEW COM 031100100 244 4,874 SH   SOLE   0 0 4,874
AMGEN INC COM 031162100 18,792 133,793 SH   SOLE   0 0 133,793
AON PLC SHS CL A G0408V102 2,542 29,000 SH   SOLE   0 0 29,000
APPLE INC COM 037833100 7,275 72,212 SH   SOLE   0 0 72,212
ARTS WAY MFG INC COM 043168103 55 11,100 SH   SOLE   0 0 11,100
ASTRO-MED INC NEW COM 04638F108 131 10,004 SH   SOLE   0 0 10,004
AT&T INC COM 00206R102 686 19,494 SH   SOLE   0 0 19,494
ATLANTIC AMERN CORP COM 048209100 217 54,649 SH   SOLE   0 0 54,649
AUTOMATIC DATA PROCESSING IN COM 053015103 434 5,228 SH   SOLE   0 0 5,228
AVERY DENNISON CORP COM 053611109 18,755 420,054 SH   SOLE   0 0 420,054
AVX CORP NEW COM 002444107 1,350 101,700 SH   SOLE   0 0 101,700
BAKER HUGHES INC COM 057224107 472 7,270 SH   SOLE   0 0 7,270
BANK AMER CORP COM 060505104 1,407 82,528 SH   SOLE   0 0 82,528
BANK NEW YORK MELLON CORP COM 064058100 352 9,100 SH   SOLE   0 0 9,100
BAR HBR BANKSHARES COM 066849100 832 28,787 SH   SOLE   0 0 28,787
BED BATH & BEYOND INC COM 075896100 1,362 20,690 SH   SOLE   0 0 20,690
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,103 15 SH   SOLE   0 0 15
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,963 50,412 SH   SOLE   0 0 50,412
BIG LOTS INC COM 089302103 1,765 41,000 SH   SOLE   0 0 41,000
BLACKROCK ENHANCED EQT DIV T COM 09251A104 290 35,385 SH   SOLE   0 0 35,385
BLACKROCK FLOAT RATE OME STR COM 09255X100 1,156 82,250 SH   SOLE   0 0 82,250
BLACKROCK KELSO CAPITAL CORP COM 092533108 316 37,100 SH   SOLE   0 0 37,100
BLACKROCK MUNIHLDGS NY QLTY COM 09255C106 177 13,300 SH   SOLE   0 0 13,300
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 326 25,500 SH   SOLE   0 0 25,500
BLACKROCK REAL ASSET EQUITY COM 09254B109 91 10,800 SH   SOLE   0 0 10,800
BP PLC SPONSORED ADR 055622104 6,281 142,927 SH   SOLE   0 0 142,927
BRISTOL MYERS SQUIBB CO COM 110122108 647 12,650 SH   SOLE   0 0 12,650
BUCKLE INC COM 118440106 11,676 257,250 SH   SOLE   0 0 257,250
CABOT OIL & GAS CORP COM 127097103 9,804 299,910 SH   SOLE   0 0 299,910
CAMAC ENERGY INC COM 131745101 252 408,303 SH   SOLE   0 0 408,303
CARBO CERAMICS INC COM 140781105 475 8,020 SH   SOLE   0 0 8,020
CARNIVAL CORP PAIRED CTF 143658300 1,200 29,875 SH   SOLE   0 0 29,875
CHESAPEAKE ENERGY CORP COM 165167107 248 10,800 SH   SOLE   0 0 10,800
CHEVRON CORP NEW COM 166764100 3,720 31,183 SH   SOLE   0 0 31,183
CHICOS FAS INC COM 168615102 4,122 279,125 SH   SOLE   0 0 279,125
CHINA SHENGDA PACKAGING GROU COM 16950V107 26 29,500 SH   SOLE   0 0 29,500
CHIPMOS TECH BERMUDA LTD SHS G2110R114 646 28,600 SH   SOLE   0 0 28,600
CISCO SYS INC COM 17275R102 21,294 846,035 SH   SOLE   0 0 846,035
CITIGROUP INC COM NEW 172967424 1,049 20,256 SH   SOLE   0 0 20,256
COCA COLA CO COM 191216100 665 15,600 SH   SOLE   0 0 15,600
COEUR MNG INC COM NEW 192108504 438 88,375 SH   SOLE   0 0 88,375
COHEN & STEERS INFRASTRUCTUR COM 19248A109 328 14,201 SH   SOLE   0 0 14,201
COMMERCIAL METALS CO COM 201723103 943 55,300 SH   SOLE   0 0 55,300
CONOCOPHILLIPS COM 20825C104 1,137 14,860 SH   SOLE   0 0 14,860
CONSOL ENERGY INC COM 20854P109 1,559 41,200 SH   SOLE   0 0 41,200
CONSOLIDATED EDISON INC COM 209115104 10,132 178,825 SH   SOLE   0 0 178,825
CORE LABORATORIES N V COM N22717107 9,740 66,556 SH   SOLE   0 0 66,556
CORNING INC COM 219350105 33,516 1,733,019 SH   SOLE   0 0 1,733,019
CROCS INC COM 227046109 334 26,605 SH   SOLE   0 0 26,605
CVS HEALTH CORP COM 126650100 1,185 14,900 SH   SOLE   0 0 14,900
CYCLACEL PHARMACEUTICALS INC COM NEW 23254L306 76 25,000 SH   SOLE   0 0 25,000
D R HORTON INC COM 23331A109 261 12,735 SH   SOLE   0 0 12,735
DARLING INGREDIENTS INC COM 237266101 8,270 451,435 SH   SOLE   0 0 451,435
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 665 75,100 SH   SOLE   0 0 75,100
DICKS SPORTING GOODS INC COM 253393102 3,346 76,265 SH   SOLE   0 0 76,265
DISNEY WALT CO COM DISNEY 254687106 930 10,451 SH   SOLE   0 0 10,451
DONEGAL GROUP INC CL A 257701201 198 12,930 SH   SOLE   0 0 12,930
DOT HILL SYS CORP COM 25848T109 245 65,000 SH   SOLE   0 0 65,000
DOUGLAS DYNAMICS INC COM 25960R105 1,214 62,300 SH   SOLE   0 0 62,300
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 62 16,775 SH   SOLE   0 0 16,775
DSW INC CL A 23334L102 1,841 61,150 SH   SOLE   0 0 61,150
DU PONT E I DE NEMOURS & CO COM 263534109 18,060 251,680 SH   SOLE   0 0 251,680
EATON VANCE FLTING RATE INC COM 278279104 218 15,000 SH   SOLE   0 0 15,000
EATON VANCE LTD DUR INCOME F COM 27828H105 629 43,150 SH   SOLE   0 0 43,150
EATON VANCE SR FLTNG RTE TR COM 27828Q105 162 11,300 SH   SOLE   0 0 11,300
ELLIS PERRY INTL INC COM 288853104 3,272 160,825 SH   SOLE   0 0 160,825
EMERSON ELEC CO COM 291011104 2,319 37,065 SH   SOLE   0 0 37,065
ENERPLUS CORP COM 292766102 730 38,500 SH   SOLE   0 0 38,500
ENGLOBAL CORP COM 293306106 43 20,000 SH   SOLE   0 0 20,000
EQUUS TOTAL RETURN INC COM 294766100 39 17,735 SH   SOLE   0 0 17,735
EXAMWORKS GROUP INC COM 30066A105 6,849 209,138 SH   SOLE   0 0 209,138
EXELON CORP COM 30161N101 397 11,650 SH   SOLE   0 0 11,650
EXXON MOBIL CORP COM 30231G102 30,805 327,546 SH   SOLE   0 0 327,546
FIRST TR SR FLG RTE INCM FD COM 33733U108 158 11,700 SH   SOLE   0 0 11,700
FIRSTENERGY CORP COM 337932107 7,367 219,466 SH   SOLE   0 0 219,466
FLEXTRONICS INTL LTD ORD Y2573F102 5,354 518,877 SH   SOLE   0 0 518,877
FORD MTR CO DEL COM PAR $0.01 345370860 280 18,944 SH   SOLE   0 0 18,944
FREEPORT-MCMORAN INC CL B 35671D857 1,654 50,665 SH   SOLE   0 0 50,665
FREIGHTCAR AMER INC COM 357023100 8,554 256,905 SH   SOLE   0 0 256,905
FRIEDMAN INDS INC COM 358435105 1,845 232,370 SH   SOLE   0 0 232,370
FUEL TECH INC COM 359523107 137 32,300 SH   SOLE   0 0 32,300
GENERAL ELECTRIC CO COM 369604103 36,806 1,436,641 SH   SOLE   0 0 1,436,641
GENERAL MLS INC COM 370334104 638 12,650 SH   SOLE   0 0 12,650
GENTEX CORP COM 371901109 3,257 121,690 SH   SOLE   0 0 121,690
GETTY RLTY CORP NEW COM 374297109 865 50,912 SH   SOLE   0 0 50,912
GILEAD SCIENCES INC COM 375558103 542 5,100 SH   SOLE   0 0 5,100
GOLDFIELD CORP COM 381370105 72 37,704 SH   SOLE   0 0 37,704
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,382 63,100 SH   SOLE   0 0 63,100
GRAHAM HLDGS CO COM 384637104 3,218 4,600 SH   SOLE   0 0 4,600
HARDINGE INC COM 412324303 726 66,400 SH   SOLE   0 0 66,400
HARRIS & HARRIS GROUP INC COM 413833104 271 91,000 SH   SOLE   0 0 91,000
HARSCO CORP COM 415864107 2,639 123,292 SH   SOLE   0 0 123,292
HCC INS HLDGS INC COM 404132102 11,785 244,062 SH   SOLE   0 0 244,062
HEALTHCARE SVCS GRP INC COM 421906108 696 24,350 SH   SOLE   0 0 24,350
HEWLETT PACKARD CO COM 428236103 6,122 172,622 SH   SOLE   0 0 172,622
HOME DEPOT INC COM 437076102 1,554 16,950 SH   SOLE   0 0 16,950
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 281 10,500 SH   SOLE   0 0 10,500
HSBC HLDGS PLC ADR A 1/40PF A 404280604 365 14,525 SH   SOLE   0 0 14,525
II VI INC COM 902104108 4,499 382,310 SH   SOLE   0 0 382,310
ILLINOIS TOOL WKS INC COM 452308109 11,671 138,255 SH   SOLE   0 0 138,255
IMMUCELL CORP COM PAR $0.10 452525306 263 52,968 SH   SOLE   0 0 52,968
INTEL CORP COM 458140100 35,242 1,012,146 SH   SOLE   0 0 1,012,146
INTELLIGENT SYS CORP NEW COM 45816D100 125 91,273 SH   SOLE   0 0 91,273
INTERNATIONAL BUSINESS MACHS COM 459200101 3,321 17,499 SH   SOLE   0 0 17,499
INTERNATIONAL RECTIFIER CORP COM 460254105 3,699 94,275 SH   SOLE   0 0 94,275
INVESCO TR INVT GRADE MUNS COM 46131M106 431 32,900 SH   SOLE   0 0 32,900
INVESCO TR INVT GRADE NY MUN COM 46131T101 435 32,500 SH   SOLE   0 0 32,500
ITT CORP NEW COM NEW 450911201 667 14,843 SH   SOLE   0 0 14,843
J & J SNACK FOODS CORP COM 466032109 1,403 15,005 SH   SOLE   0 0 15,005
JACOBS ENGR GROUP INC DEL COM 469814107 12,884 263,917 SH   SOLE   0 0 263,917
JETBLUE AIRWAYS CORP COM 477143101 106 10,050 SH   SOLE   0 0 10,050
JOHNSON & JOHNSON COM 478160104 4,671 43,824 SH   SOLE   0 0 43,824
JOHNSON CTLS INC COM 478366107 20,227 459,721 SH   SOLE   0 0 459,721
JOY GLOBAL INC COM 481165108 1,711 31,380 SH   SOLE   0 0 31,380
JPMORGAN CHASE & CO COM 46625H100 14,467 240,163 SH   SOLE   0 0 240,163
KELLY SVCS INC CL A 488152208 5,575 355,825 SH   SOLE   0 0 355,825
KENNAMETAL INC COM 489170100 10,493 254,015 SH   SOLE   0 0 254,015
KIMBERLY CLARK CORP COM 494368103 376 3,500 SH   SOLE   0 0 3,500
KNOWLES CORP COM 49926D109 9,162 345,760 SH   SOLE   0 0 345,760
KOHLS CORP COM 500255104 17,484 286,485 SH   SOLE   0 0 286,485
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 324 10,249 SH   SOLE   0 0 10,249
L-3 COMMUNICATIONS HLDGS INC COM 502424104 1,358 11,425 SH   SOLE   0 0 11,425
LEGG MASON INC COM 524901105 956 18,700 SH   SOLE   0 0 18,700
LEUCADIA NATL CORP COM 527288104 305 12,830 SH   SOLE   0 0 12,830
LEXINGTON REALTY TRUST COM 529043101 323 33,046 SH   SOLE   0 0 33,046
LIBERTY MEDIA CORP DELAWARE CL A 531229102 3,242 68,720 SH   SOLE   0 0 68,720
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 6,428 136,815 SH   SOLE   0 0 136,815
LIFE TIME FITNESS INC COM 53217R207 4,014 79,580 SH   SOLE   0 0 79,580
LOUISIANA PAC CORP COM 546347105 231 17,000 SH   SOLE   0 0 17,000
M & T BK CORP COM 55261F104 1,193 9,684 SH   SOLE   0 0 9,684
MAGELLAN PETE CORP COM 559091301 52 24,500 SH   SOLE   0 0 24,500
MANHATTAN BRIDGE CAPITAL INC COM 562803106 126 44,975 SH   SOLE   0 0 44,975
MEAD JOHNSON NUTRITION CO COM 582839106 606 6,300 SH   SOLE   0 0 6,300
MEADOWBROOK INS GROUP INC COM 58319P108 785 134,200 SH   SOLE   0 0 134,200
MEDICAL PPTYS TRUST INC COM 58463J304 311 25,400 SH   SOLE   0 0 25,400
MEDTRONIC INC COM 585055106 20,958 338,306 SH   SOLE   0 0 338,306
MERCER INTL INC COM 588056101 429 44,000 SH   SOLE   0 0 44,000
MERCK & CO INC NEW COM 58933Y105 1,415 23,878 SH   SOLE   0 0 23,878
METLIFE INC COM 59156R108 13,391 249,280 SH   SOLE   0 0 249,280
MFC INDL LTD COM 55278T105 189 26,600 SH   SOLE   0 0 26,600
MFS INTER INCOME TR SH BEN INT 55273C107 746 149,090 SH   SOLE   0 0 149,090
MICROSOFT CORP COM 594918104 11,916 257,051 SH   SOLE   0 0 257,051
MIDDLEBURG FINANCIAL CORP COM 596094102 2,335 131,673 SH   SOLE   0 0 131,673
MITCHAM INDS INC COM 606501104 194 17,600 SH   SOLE   0 0 17,600
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,181 116,700 SH   SOLE   0 0 116,700
MORGAN STANLEY COM NEW 617446448 463 13,400 SH   SOLE   0 0 13,400
MOSAIC CO NEW COM 61945C103 6,997 157,575 SH   SOLE   0 0 157,575
MYLAN INC COM 628530107 421 9,270 SH   SOLE   0 0 9,270
NATIONAL FUEL GAS CO N J COM 636180101 273 3,910 SH   SOLE   0 0 3,910
NATIONAL WESTN LIFE INS CO CL A 638522102 13,420 54,330 SH   SOLE   0 0 54,330
NEOPHOTONICS CORP COM 64051T100 560 167,300 SH   SOLE   0 0 167,300
NEWPORT CORP COM 651824104 8,422 475,325 SH   SOLE   0 0 475,325
NORTHEAST UTILS COM 664397106 254 5,748 SH   SOLE   0 0 5,748
NORTHERN TR CORP COM 665859104 238 3,500 SH   SOLE   0 0 3,500
NOVARTIS A G SPONSORED ADR 66987V109 1,574 16,725 SH   SOLE   0 0 16,725
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 136 15,300 SH   SOLE   0 0 15,300
NUVEEN MUN VALUE FD INC COM 670928100 141 15,000 SH   SOLE   0 0 15,000
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 92 10,000 SH   SOLE   0 0 10,000
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 137 16,450 SH   SOLE   0 0 16,450
NUVEEN QUALITY PFD INCOME FD COM 67071S101 116 14,300 SH   SOLE   0 0 14,300
OLD REP INTL CORP COM 680223104 470 32,975 SH   SOLE   0 0 32,975
OMEGA PROTEIN CORP COM 68210P107 1,286 102,900 SH   SOLE   0 0 102,900
OPKO HEALTH INC COM 68375N103 765 90,000 SH   SOLE   0 0 90,000
ORBOTECH LTD ORD M75253100 567 36,400 SH   SOLE   0 0 36,400
PANDORA MEDIA INC COM 698354107 362 15,000 SH   SOLE   0 0 15,000
PDC ENERGY INC COM 69327R101 694 13,800 SH   SOLE   0 0 13,800
PEPSICO INC COM 713448108 682 7,335 SH   SOLE   0 0 7,335
PFIZER INC COM 717081103 9,629 325,655 SH   SOLE   0 0 325,655
PHILLIPS 66 COM 718546104 203 2,500 SH   SOLE   0 0 2,500
PIMCO INCOME STRATEGY FUND COM 72201H108 512 42,900 SH   SOLE   0 0 42,900
PIMCO INCOME STRATEGY FUND I COM 72201J104 414 39,400 SH   SOLE   0 0 39,400
POTASH CORP SASK INC COM 73755L107 4,742 137,235 SH   SOLE   0 0 137,235
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 292 2,963 SH   SOLE   0 0 2,963
PROSPECT CAPITAL CORPORATION COM 74348T102 1,951 197,100 SH   SOLE   0 0 197,100
PUBLIC SVC ENTERPRISE GROUP COM 744573106 931 25,000 SH   SOLE   0 0 25,000
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 674 123,000 SH   SOLE   0 0 123,000
QLOGIC CORP COM 747277101 163 17,800 SH   SOLE   0 0 17,800
QUALCOMM INC COM 747525103 2,702 36,139 SH   SOLE   0 0 36,139
QUEST DIAGNOSTICS INC COM 74834L100 9,373 154,475 SH   SOLE   0 0 154,475
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 341 21,000 SH   SOLE   0 0 21,000
RAND CAP CORP COM 752185108 436 141,300 SH   SOLE   0 0 141,300
RESEARCH FRONTIERS INC COM 760911107 1,228 213,600 SH   SOLE   0 0 213,600
ROCKWELL COLLINS INC COM 774341101 12,402 157,995 SH   SOLE   0 0 157,995
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 710 9,329 SH   SOLE   0 0 9,329
RTI SURGICAL INC COM 74975N105 305 64,000 SH   SOLE   0 0 64,000
SALISBURY BANCORP INC COM 795226109 276 10,275 SH   SOLE   0 0 10,275
SANOFI SPONSORED ADR 80105N105 389 6,900 SH   SOLE   0 0 6,900
SCHEIN HENRY INC COM 806407102 1,112 9,550 SH   SOLE   0 0 9,550
SCHLUMBERGER LTD COM 806857108 373 3,670 SH   SOLE   0 0 3,670
SCHMITT INDS INC ORE COM NEW 806870200 48 15,000 SH   SOLE   0 0 15,000
SCHNITZER STL INDS CL A 806882106 13,046 542,470 SH   SOLE   0 0 542,470
SEABOARD CORP COM 811543107 722 270 SH   SOLE   0 0 270
SENECA FOODS CORP NEW CL A 817070501 1,092 38,200 SH   SOLE   0 0 38,200
SIMPSON MANUFACTURING CO INC COM 829073105 535 18,355 SH   SOLE   0 0 18,355
SOLAZYME INC COM 83415T101 898 120,500 SH   SOLE   0 0 120,500
SONOCO PRODS CO COM 835495102 23,003 585,483 SH   SOLE   0 0 585,483
SPDR S&P 500 ETF TR TR UNIT 78462F103 326 1,659 SH   SOLE   0 0 1,659
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 788 3,164 SH   SOLE   0 0 3,164
SPDR SERIES TRUST S&P BIOTECH 78464A870 608 3,900 SH   SOLE   0 0 3,900
STRYKER CORP COM 863667101 7,398 91,625 SH   SOLE   0 0 91,625
SUPERIOR INDS INTL INC COM 868168105 2,513 143,380 SH   SOLE   0 0 143,380
SUPPORT COM INC COM 86858W101 118 55,000 SH   SOLE   0 0 55,000
SUTRON CORP COM 869380105 188 37,000 SH   SOLE   0 0 37,000
SWISS HELVETIA FD INC COM 870875101 390 28,886 SH   SOLE   0 0 28,886
SYNGENTA AG SPONSORED ADR 87160A100 499 7,890 SH   SOLE   0 0 7,890
SYSTEMAX INC COM 871851101 4,569 366,420 SH   SOLE   0 0 366,420
TAL INTL GROUP INC COM 874083108 1,419 34,400 SH   SOLE   0 0 34,400
TARGET CORP COM 87612E106 1,082 17,264 SH   SOLE   0 0 17,264
TEJON RANCH CO COM 879080109 3,701 132,000 SH   SOLE   0 0 132,000
TEMPLETON DRAGON FD INC COM 88018T101 257 10,000 SH   SOLE   0 0 10,000
TEMPLETON GLOBAL INCOME FD COM 880198106 635 79,900 SH   SOLE   0 0 79,900
TERADYNE INC COM 880770102 3,048 157,200 SH   SOLE   0 0 157,200
TESORO CORP COM 881609101 1,140 18,700 SH   SOLE   0 0 18,700
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,862 71,855 SH   SOLE   0 0 71,855
TEXAS INSTRS INC COM 882508104 18,596 389,940 SH   SOLE   0 0 389,940
THERMO FISHER SCIENTIFIC INC COM 883556102 8,088 66,460 SH   SOLE   0 0 66,460
TICC CAPITAL CORP COM 87244T109 141 16,000 SH   SOLE   0 0 16,000
TIME WARNER CABLE INC COM 88732J207 719 5,016 SH   SOLE   0 0 5,016
TIME WARNER INC COM NEW 887317303 1,500 19,955 SH   SOLE   0 0 19,955
TITAN MACHY INC COM 88830R101 2,626 202,200 SH   SOLE   0 0 202,200
TOWNSQUARE MEDIA INC CL A 892231101 120 10,000 SH   SOLE   0 0 10,000
TRANSOCEAN LTD REG SHS H8817H100 5,486 171,615 SH   SOLE   0 0 171,615
TRI POINTE HOMES INC COM 87265H109 7,154 552,900 SH   SOLE   0 0 552,900
TRINITY INDS INC COM 896522109 840 18,000 SH   SOLE   0 0 18,000
UNILEVER PLC SPON ADR NEW 904767704 603 14,400 SH   SOLE   0 0 14,400
UNION PAC CORP COM 907818108 346 3,200 SH   SOLE   0 0 3,200
UNITED PARCEL SERVICE INC CL B 911312106 388 3,950 SH   SOLE   0 0 3,950
UNITED TECHNOLOGIES CORP COM 913017109 264 2,500 SH   SOLE   0 0 2,500
UNITEDHEALTH GROUP INC COM 91324P102 13,754 159,470 SH   SOLE   0 0 159,470
VALERO ENERGY CORP NEW COM 91913Y100 657 14,200 SH   SOLE   0 0 14,200
VALMONT INDS INC COM 920253101 8,634 63,990 SH   SOLE   0 0 63,990
VEOLIA ENVIRONNEMENT SPONSORED ADR 92334N103 531 30,260 SH   SOLE   0 0 30,260
VERIZON COMMUNICATIONS INC COM 92343V104 9,827 196,585 SH   SOLE   0 0 196,585
VISHAY INTERTECHNOLOGY INC COM 928298108 883 61,800 SH   SOLE   0 0 61,800
VISHAY PRECISION GROUP INC COM 92835K103 9,870 660,700 SH   SOLE   0 0 660,700
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 22,205 675,157 SH   SOLE   0 0 675,157
WALGREEN CO COM 931422109 296 5,000 SH   SOLE   0 0 5,000
WALKER & DUNLOP INC COM 93148P102 6,502 489,265 SH   SOLE   0 0 489,265
WELLPOINT INC COM 94973V107 651 5,450 SH   SOLE   0 0 5,450
WENDYS CO COM 95058W100 8,180 990,400 SH   SOLE   0 0 990,400
WESTERN ASSET GLB PTNRS INCO COM 95766G108 210 20,200 SH   SOLE   0 0 20,200
WESTERN ASST MN PRT FD INC COM 95766P108 203 13,709 SH   SOLE   0 0 13,709
WET SEAL INC CL A 961840105 789 1,503,500 SH   SOLE   0 0 1,503,500
WHITING PETE CORP NEW COM 966387102 379 4,900 SH   SOLE   0 0 4,900
WORLD FUEL SVCS CORP COM 981475106 7,279 182,350 SH   SOLE   0 0 182,350
XYLEM INC COM 98419M100 985 27,763 SH   SOLE   0 0 27,763