Martin Whitman - Third Avenue Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    53
Portfolio value:    $616,036,133
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q1 2026
FSV - Firstservice Corp Add 169.59% 31,738 0.72
OSG - Octave Specialty Group Inc. Add 71.49% 559,118 0.42
FLG - Flagstar Financial Inc. Add 52.43% 113,936 0.24
ALG - Alamo Group Inc. Add 43.00% 10,323 0.28
ICFI - ICF International Inc. Add 35.70% 18,872 0.20
BCC - Boise Cascade Company Add 30.70% 132,022 1.63
OCFC - OceanFirst Financial Corp. Add 27.93% 53,855 0.16
UHAL.B - U Haul Holding Co Non Voting Add 9.69% 25,129 0.18
TDW - Tidewater Inc. Add 5.51% 48,110 0.65
BXC - BlueLinx Holdings Inc. Add 0.05% 30 0.00
HOG - Harley-Davidson Buy 1,462,670 4.80
RHI - Robert Half International Buy 903,905 3.73
BKD - Brookdale Senior Living Inc. Buy 463,664 1.03
CPRX - Catalyst Pharmaceuticals Inc. Buy 210,161 0.84
QLYS - Qualys Inc. Buy 39,120 0.56
COMP - Compass Inc. Buy 187,469 0.22
Q4 2025
FNF - Fidelity National Financial Inc. Add 73.04% 86,664 0.86
ALG - Alamo Group Inc. Add 61.47% 9,140 0.28
BCC - Boise Cascade Company Add 57.10% 156,294 2.09
AMH - American Homes 4 Rent Add 45.77% 87,446 0.51
BN - Brookfield Corp. Add 44.91% 169,870 1.42
BXC - BlueLinx Holdings Inc. Add 38.79% 17,982 0.20
OSG - Octave Specialty Group Inc. Add 29.62% 178,702 0.25
OCFC - OceanFirst Financial Corp. Add 18.77% 30,476 0.10
ICFI - ICF International Inc. Add 12.42% 5,840 0.09
UNF - UniFirst Corp. Add 9.66% 2,505 0.09
WY - Weyerhaeuser Co. Add 5.97% 9,662 0.04
PHM - PulteGroup Inc. Add 4.05% 3,918 0.08
WCC - WESCO International Inc. Add 1.01% 202 0.01
DHI - D.R. Horton Add 0.15% 116 0.00
SUI - Sun Communities Inc. Add 0.14% 136 0.00
LEN.B - Lennar Corp. CL B Add 0.11% 165 0.00
ITIC - Investors Title Co. Add 0.05% 11 0.00
ROG - Rogers Corp. Add 0.05% 106 0.00
PLD - Prologis Inc. Add 0.04% 57 0.00
SD - SandRidge Energy Inc. Add 0.04% 120 0.00
UHAL.B - U Haul Holding Co Non Voting Add 0.01% 21 0.00
DB - Deutsche Bank AG Buy 337,193 2.36
FSV - Firstservice Corp Buy 18,714 0.53
FLG - Flagstar Financial Inc. Buy 217,305 0.50
FG - F&G Annuities & Life Inc. Buy 12,319 0.07
Q3 2025
SKY - Skyline Champion Corp. Add 77.75% 46,544 0.68
UNF - UniFirst Corp. Add 11.02% 2,573 0.08
OCFC - OceanFirst Financial Corp. Add 0.06% 93 0.00
HCC - Warrior Met Coal Inc. Add 0.04% 232 0.00
TPH - Tri Pointe Homes, Inc. Add 0.02% 25 0.00
BCC - Boise Cascade Company Buy 273,705 3.98
ROG - Rogers Corp. Buy 199,368 3.06
Q2 2025
OSG - Octave Specialty Group Inc. Add 64.65% 236,930 0.35
BXC - BlueLinx Holdings Inc. Add 55.20% 16,488 0.25
PHM - PulteGroup Inc. Add 51.93% 33,131 0.72
OCFC - OceanFirst Financial Corp. Add 39.09% 45,595 0.17
WCC - WESCO International Inc. Add 35.56% 5,271 0.20
PLD - Prologis Inc. Add 12.67% 16,360 0.35
KALU - Kaiser Aluminum Corp. Add 12.16% 9,707 0.16
TDW - Tidewater Inc. Add 8.14% 65,899 0.63
SUI - Sun Communities Inc. Add 7.16% 6,495 0.17
HCC - Warrior Met Coal Inc. Add 4.64% 28,478 0.27
UHAL.B - U Haul Holding Co Non Voting Add 3.86% 9,645 0.11
VAL - Valaris plc Add 2.82% 16,082 0.14
LEN.B - Lennar Corp. CL B Add 0.18% 263 0.01
CTLP - Cantaloupe, Inc. Buy 370,013 0.84
SKY - Skyline Champion Corp. Buy 59,865 0.77
VC - Visteon Corp. Buy 10,298 0.20
Q1 2025
OCFC - OceanFirst Financial Corp. Add 91.66% 55,784 0.19
OSG - Octave Specialty Group Inc. Add 59.04% 136,045 0.24
TDW - Tidewater Inc. Add 37.59% 221,079 1.87
VAL - Valaris plc Add 33.57% 143,231 1.13
ICFI - ICF International Inc. Add 6.42% 2,836 0.05
HCC - Warrior Met Coal Inc. Add 4.39% 25,761 0.25
WCC - WESCO International Inc. Add 0.56% 83 0.00
KALU - Kaiser Aluminum Corp. Add 0.26% 205 0.00
PLD - Prologis Inc. Add 0.17% 219 0.00
CMA - Comerica Inc. Add 0.01% 23 0.00
PHM - PulteGroup Inc. Buy 63,800 1.32
BXC - BlueLinx Holdings Inc. Buy 29,869 0.45
MRP - Millrose Properties Buy 80,890 0.43
Q4 2024
VTMX - Vesta Real Estate Corp. Add 150.00% 15,000 0.07
PBF - PBF Energy Inc. Add 52.46% 45,092 0.23
FPH - Five Point Holdings LLC Add 24.61% 814,981 0.60
TDW - Tidewater Inc. Add 22.16% 106,705 1.13
SD - SandRidge Energy Inc. Add 17.87% 50,144 0.11
COLL - Collegium Pharmaceutical Inc. Add 11.36% 20,750 0.12
SUI - Sun Communities Inc. Add 0.32% 342 0.01
OSG - Octave Specialty Group Inc. Buy 230,416 0.56
OCFC - OceanFirst Financial Corp. Buy 60,859 0.21
Q3 2024
WCC - WESCO International Inc. Add 211.21% 10,003 0.27
MYRG - MYR Group Inc. Add 7.44% 5,040 0.08
HCC - Warrior Met Coal Inc. Add 4.06% 31,012 0.32
VAL - Valaris plc Add 2.90% 12,189 0.11
DB - Deutsche Bank AG Add 0.29% 7,232 0.02
COLL - Collegium Pharmaceutical Inc. Add 0.20% 370 0.00
ECPG - Encore Capital Group Inc. Add 0.20% 344 0.00
LXU - LSB Industries Inc. Add 0.20% 1,538 0.00
PB - Prosperity Bancshares Inc. Add 0.20% 203 0.00
SUPN - Supernus Pharmaceuticals Add 0.20% 375 0.00
AMH - American Homes 4 Rent Add 0.19% 600 0.00
CBRE - CBRE Group Add 0.11% 210 0.00
PLD - Prologis Inc. Add 0.04% 54 0.00
RYN - Rayonier Inc. Add 0.01% 47 0.00
UHAL.B - U Haul Holding Co Non Voting Add 0.01% 19 0.00
SD - SandRidge Energy Inc. Buy 280,554 0.56
PBF - PBF Energy Inc. Buy 85,958 0.43
Q2 2024
FRPH - FRP Holdings Inc. Add 100.06% 126,566 0.62
COLL - Collegium Pharmaceutical Inc. Add 68.59% 74,161 0.41
SUI - Sun Communities Inc. Add 23.65% 20,617 0.43
SUPN - Supernus Pharmaceuticals Add 18.41% 29,401 0.14
UNF - UniFirst Corp. Add 17.74% 3,519 0.10
PLD - Prologis Inc. Add 10.31% 12,043 0.23
FR - First Industrial Realty Trust Inc. Add 1.20% 1,867 0.02
FNF - Fidelity National Financial Inc. Add 0.60% 703 0.01
BATRK - Atlanta Braves Holdings Inc. Series C Add 0.52% 135 0.00
BAM - Brookfield Asset Management Add 0.33% 433 0.00
CBRE - CBRE Group Add 0.33% 601 0.01
FPH - Five Point Holdings LLC Add 0.22% 7,267 0.00
ITIC - Investors Title Co. Add 0.08% 33 0.00
CMA - Comerica Inc. Add 0.06% 280 0.00
LAZ - Lazard Inc. Add 0.06% 337 0.00
VAL - Valaris plc Add 0.06% 234 0.00
HCC - Warrior Met Coal Inc. Add 0.05% 384 0.00
ORI - Old Republic International Add 0.05% 427 0.00
WCC - WESCO International Inc. Buy 4,736 0.13
VTMX - Vesta Real Estate Corp. Buy 10,000 0.05
Q1 2024
SUI - Sun Communities Inc. Add 72.17% 36,544 0.75
LXU - LSB Industries Inc. Add 66.50% 314,695 0.44
ELME - Elme Communities Add 43.08% 28,000 0.06
PRA - ProAssurance Corp. Add 38.20% 169,484 0.35
COLL - Collegium Pharmaceutical Inc. Add 30.08% 25,000 0.15
BATRK - Atlanta Braves Holdings Inc. Series C Add 0.60% 157 0.00
PLD - Prologis Inc. Add 0.41% 473 0.01
AMH - American Homes 4 Rent Add 0.33% 1,129 0.01
FPH - Five Point Holdings LLC Add 0.27% 8,867 0.00
FR - First Industrial Realty Trust Inc. Add 0.27% 415 0.00
RYN - Rayonier Inc. Add 0.19% 627 0.00
WY - Weyerhaeuser Co. Add 0.18% 662 0.00
LAZ - Lazard Inc. Buy 550,472 3.68
Q4 2023
LXU - LSB Industries Inc. Add 1,445.54% 442,596 0.67
SUI - Sun Communities Inc. Add 38.62% 14,107 0.31
SUPN - Supernus Pharmaceuticals Add 37.04% 43,168 0.21
ITIC - Investors Title Co. Add 32.32% 9,565 0.25
KALU - Kaiser Aluminum Corp. Add 14.49% 14,018 0.16
BATRK - Atlanta Braves Holdings Inc. Series C Add 1.17% 300 0.00
BAM - Brookfield Asset Management Add 0.95% 1,233 0.01
CBRE - CBRE Group Add 0.72% 1,298 0.02
ORI - Old Republic International Add 0.10% 864 0.00
CMA - Comerica Inc. Add 0.08% 373 0.00
VAL - Valaris plc Add 0.07% 281 0.00
DB - Deutsche Bank AG Add 0.05% 1,228 0.00
SEB - Seaboard Corp. Add 0.04% 1 0.00
COLL - Collegium Pharmaceutical Inc. Buy 83,120 0.42
Q3 2023
ITIC - Investors Title Co. Add 343.56% 22,926 0.57
SUI - Sun Communities Inc. Add 217.16% 25,010 0.50
SUPN - Supernus Pharmaceuticals Add 73.79% 49,487 0.23
WASH - Washington Trust Bancorp. Add 44.50% 90,842 0.42
ELME - Elme Communities Add 44.44% 20,000 0.05
ECPG - Encore Capital Group Inc. Add 17.75% 25,723 0.20
PRA - ProAssurance Corp. Add 0.02% 109 0.00
BATRK - Atlanta Braves Holdings Inc. Series C Buy 25,700 0.15
LXU - LSB Industries Inc. Buy 30,618 0.05
Q2 2023
SUPN - Supernus Pharmaceuticals Add 2,626.10% 64,602 0.32
SPHR - Sphere Entertainment Co. Add 58.49% 47,514 0.21
KALU - Kaiser Aluminum Corp. Add 50.39% 32,406 0.38
JLL - Jones Lang Lasalle Inc. Add 45.17% 23,143 0.59
RMR - The RMR Group Inc. Add 42.31% 11,000 0.04
VAL - Valaris plc Add 35.74% 110,522 1.15
UNF - UniFirst Corp. Add 32.76% 4,895 0.13
ROIC - Retail Opportunity Investments Corp. Add 20.00% 15,000 0.03
CMA - Comerica Inc. Add 19.68% 94,548 0.66
ECPG - Encore Capital Group Inc. Add 9.12% 12,118 0.10
CTO - CTO Realty Growth Inc. Add 8.85% 5,121 0.01
DB - Deutsche Bank AG Add 1.24% 37,467 0.06
LAZ - Lazard Inc. Add 0.41% 2,256 0.01
HA - Hawaiian Holdings Inc. Add 0.39% 5,992 0.01
ORI - Old Republic International Add 0.23% 1,900 0.01
HCC - Warrior Met Coal Inc. Add 0.12% 1,644 0.01
SUI - Sun Communities Inc. Buy 11,517 0.25
EQC - Equity Commonwealth Buy 55,000 0.18
ITIC - Investors Title Co. Buy 6,673 0.16
WSR - Whitestone REIT Buy 80,000 0.13
ELME - Elme Communities Buy 45,000 0.12
Q1 2023
HA - Hawaiian Holdings Inc. Add 141.00% 910,431 1.43
CMA - Comerica Incorporated Add 58.30% 176,912 1.31
SPHR - Sphere Entertainment Co. Add 27.82% 17,680 0.18
LAZ - Lazard Inc. Add 20.09% 91,664 0.52
PRA - ProAssurance Corp. Add 17.16% 65,042 0.21
UMBF - UMB Financial Corp. Add 15.87% 20,471 0.20
WASH - Washington Tst Bcp Add 11.80% 21,569 0.13
ECPG - Encore Capital Group Inc. Add 11.13% 13,306 0.12
HCC - Warrior Met Coal Inc. Add 5.39% 68,653 0.43
DB - Deutsche Bank AG Add 4.25% 122,738 0.21
VAL - Valaris plc Add 3.09% 9,269 0.10
BAM - Brookfield Asset Management Add 0.37% 487 0.00
FR - First Industrial Realty Trust Inc. Add 0.35% 558 0.01
CBRE - CBRE Group Add 0.27% 479 0.01
BN - Brookfield Corp. Add 0.11% 584 0.00
TPHS - Trinity Place Holdings Inc. Add 0.00% 1 0.00
JLL - Jones Lang Lasalle Inc. Buy 51,235 1.27
Q4 2022
SBSI - Southside Bancshares Inc. Add 33.30% 52,317 0.33
PRA - ProAssurance Corp. Add 12.46% 42,008 0.13
TPH - Tri Pointe Homes, Inc. Add 7.44% 22,873 0.07
DB - Deutsche Bank AG Buy 2,888,365 5.68
UHAL.B - U Haul Holding Co Non Voting Buy 312,444 2.99
BN - Brookfield Corp. Buy 520,642 2.85
ECPG - Encore Capital Group Inc. Buy 119,531 1.00
BAM - Brookfield Asset Management Buy 130,159 0.65
URTH - Ishares Inc Buy 2,631 0.05
Q3 2022
CTO - CTO Realty Growth Inc. Add 200.00% 38,586 0.14
TPH - Tri Pointe Homes, Inc. Add 25.11% 61,669 0.18
KALU - Kaiser Aluminum Corp. Add 23.30% 12,155 0.15
LAZ - Lazard Inc. Add 15.19% 60,754 0.38
HA - Hawaiian Holdings Inc. Add 15.10% 118,196 0.31
PRA - ProAssurance Corp. Add 13.47% 39,997 0.15
Q2 2022
DHI - D.R. Horton Add 7,469.02% 226,162 2.66
GRBK - Green Brick Partners Add 62.50% 10,000 0.03
SPHR - Sphere Entertainment Co. Add 27.65% 18,814 0.18
TPH - Tri Pointe Homes, Inc. Add 25.87% 50,481 0.15
RMR - The RMR Group Inc. Add 13.04% 3,000 0.02
CBRE - CBRE Group Add 12.79% 20,963 0.27
LAZ - Lazard Inc. Add 7.93% 29,398 0.17
HCC - Warrior Met Coal Inc. Add 4.62% 61,569 0.34
VAL - Valaris plc Add 1.06% 3,412 0.03
CCF - Chase Corp. Buy 40,292 0.56
SUPN - Supernus Pharmaceuticals Buy 2,460 0.01
Q1 2022
CTT - Catchmark Timber Trust Inc. Add 359.06% 317,905 0.35
HBB - Hamilton Beach Brand Add 87.73% 285,243 0.45
IVT - Inventrust Properties Corp. Add 67.43% 339,833 1.43
AAMI - Brightsphere Investment Group Add 46.53% 43,792 0.15
HA - Hawaiian Holdings Inc. Add 24.19% 237,849 0.64
UHAL - U-Haul Holding Co. Add 4.41% 1,845 0.15
VAL - Valaris plc Add 3.45% 10,689 0.08
TDW - Tidewater Inc. Add 0.97% 20,225 0.06
ORI - Old Republic International Add 0.83% 6,949 0.02
LAZ - Lazard Inc. Add 0.47% 1,723 0.01
FPH - Five Point Holdings LLC Add 0.20% 17,239 0.01
DHI - D.R. Horton Buy 3,028 0.03
Q4 2021
SPHR - Sphere Entertainment Co. Add 147.91% 40,597 0.38
APTS - Preferred Apartment Communities Add 76.32% 196,698 0.47
HBB - Hamilton Beach Brand Add 15.11% 42,688 0.08
HCC - Warrior Met Coal Inc. Add 7.80% 134,911 0.46
TPHS - Trinity Place Holdings Add 7.14% 434,210 0.11
STRS - Stratus Properties Inc. Add 1.22% 1,717 0.01
IVT - Inventrust Properties Corp. Buy 503,945 1.81
CTT - Catchmark Timber Trust Inc. Buy 88,539 0.10
Q3 2021
HBB - Hamilton Beach Brand Add 24.30% 55,213 0.12
CALM - Cal-Maine Foods Inc. Add 20.28% 23,541 0.11
STRS - Stratus Properties Inc. Add 10.63% 13,556 0.06
CBRE - CBRE Group Add 0.95% 1,571 0.02
LEN.B - Lennar Corp. CL B Add 0.40% 1,943 0.02
FPH - Five Point Holdings LLC Add 0.32% 28,806 0.03
HCC - Warrior Met Coal Inc. Add 0.29% 5,043 0.02
FNF - Fidelity National Financial Inc. Add 0.25% 639 0.00
WY - Weyerhaeuser Co. Add 0.25% 2,034 0.01
RYN - Rayonier Inc. Add 0.20% 1,665 0.01
VAL - Valaris plc Buy 310,047 1.46
APTS - Preferred Apartment Communities Buy 257,713 0.42
SPHR - Sphere Entertainment Co. Buy 27,448 0.27
Q2 2021
RMR - The RMR Group Inc. Add 64.29% 9,000 0.05
HCC - Warrior Met Coal Inc. Add 24.52% 339,727 0.77
AMH - American Homes 4 Rent Add 4.29% 20,851 0.11
FRPH - FRP Holdings Inc. Add 1.23% 1,852 0.01
LEN.B - Lennar Corp. CL B Add 0.20% 941 0.01
STRS - Stratus Properties Inc. Buy 127,562 0.42
Q1 2021
ATNI - ATN International Inc. Add 55.83% 33,642 0.22
HBB - Hamilton Beach Brand Add 22.14% 41,193 0.10
SEB - Seaboard Corp. Add 16.80% 336 0.16
FRPH - FRP Holdings Inc. Add 16.08% 20,860 0.14
HCC - Warrior Met Coal Inc. Add 13.91% 169,148 0.38
FPH - Five Point Holdings LLC Add 1.84% 161,681 0.16
TDW - Tidewater Inc. Add 1.24% 31,100 0.05
HA - Hawaiian Holdings Inc. Add 0.94% 9,596 0.03
LAZ - Lazard Inc. Add 0.72% 2,642 0.02
ORI - Old Republic International Add 0.51% 5,666 0.02
CMA - Comerica Inc. Add 0.49% 1,827 0.02
LEN.B - Lennar Corp. CL B Add 0.17% 826 0.01
TPHS - Trinity Place Holdings Add 0.05% 2,760 0.00
AAMI - Brightsphere Investment Group Buy 193,259 0.52
Q4 2020
HBB - Hamilton Beach Brand Add 195.16% 123,003 0.30
PB - Prosperity Bancshares Inc. Add 43.22% 32,572 0.32
BATRA - Atlanta Braves Holdings Inc. Series A Add 41.90% 51,413 0.18
CTO - CTO Realty Growth Inc. Add 28.62% 4,293 0.02
SBSI - Southside Bancshares Inc. Add 21.11% 31,509 0.14
CALM - Cal-Maine Foods Inc. Add 16.41% 22,466 0.12
AMH - American Homes 4 Rent Add 12.09% 55,824 0.24
KFY - Korn Ferry Add 9.13% 29,996 0.18
WASH - Washington Trust Bancorp. Add 8.82% 14,806 0.09
MAC - The Macerich Company Add 4.92% 18,449 0.03
SEB - Seaboard Corp. Add 4.06% 78 0.03
ICFI - ICF International Inc. Add 0.08% 69 0.00
UMBF - UMB Financial Corp. Add 0.04% 57 0.00
LAZ - Lazard Inc. Buy 366,216 2.17
PRA - ProAssurance Corp. Buy 297,038 0.74
SPY - SPDR S&P 500 ETF Trust Buy 377 0.02
Q3 2020
WASH - Washington Trust Bancorp. Add 155.09% 102,105 0.44
CTO - CTO Realty Growth Inc. Add 87.50% 7,000 0.04
KALU - Kaiser Aluminum Corp. Add 41.32% 16,980 0.13
ROIC - Retail Opportunity Investments Corp. Add 36.36% 20,000 0.03
CIO - City Office REIT, Inc. Add 27.27% 15,000 0.02
PCH - Potlatchdeltic Corp. Add 25.00% 4,000 0.02
PB - Prosperity Bancshares Inc. Add 23.24% 14,208 0.10
SBSI - Southside Bancshares Inc. Add 18.96% 23,794 0.08
ORI - Old Republic International Add 14.94% 167,031 0.34
AMH - American Homes 4 Rent Add 14.76% 59,413 0.24
CMA - Comerica Inc. Add 13.91% 47,627 0.25
SEB - Seaboard Corp. Add 12.53% 214 0.08
TDW - Tidewater Inc. Add 4.13% 114,624 0.11
TPHS - Trinity Place Holdings Add 0.11% 6,790 0.00
KFY - Korn Ferry Buy 328,473 1.32
HBB - Hamilton Beach Brand Buy 63,027 0.17
Q2 2020
BATRA - Atlanta Braves Holdings Inc. Series A Add 78.59% 54,000 0.15
CMA - Comerica Inc. Add 44.37% 105,222 0.56
ORI - Old Republic International Add 40.26% 320,961 0.73
TPH - Tri Pointe Homes, Inc. Add 33.29% 71,696 0.15
BAM.A - Brookfield Asset Mgmt. CL A Add 28.74% 308,999 1.42
UMBF - UMB Financial Corp. Add 18.64% 27,263 0.20
KALU - Kaiser Aluminum Corp. Add 18.18% 6,320 0.06
CTB - Cooper Tire & Rubber Company Add 8.59% 19,982 0.08
FIX - Comfort Systems USA Inc. Add 6.90% 9,296 0.05
VC - Visteon Corp. Add 5.70% 4,096 0.04
MAC - The Macerich Company Add 5.16% 18,411 0.02
TPHS - Trinity Place Holdings Add 0.39% 23,829 0.00
FDX - FedEx Corp. Add 0.34% 242 0.00
TDW - Tidewater Inc. Add 0.10% 2,826 0.00
AMH - American Homes 4 Rent Buy 402,492 1.52
WASH - Washington Trust Bancorp. Buy 65,834 0.30
Q1 2020
JCAP - Jernigan Capital Add 142.91% 28,582 0.05
SRG - Seritage Growth Properties Add 94.60% 316,761 0.43
VNO - Vornado Realty Trust Add 76.03% 441,462 2.36
CTB - Cooper Tire & Rubber Company Add 57.34% 84,805 0.20
FNF - Fidelity National Financial Inc. Add 41.99% 109,518 0.40
EXP - Eagle Materials Inc. Add 37.80% 67,046 0.58
GRBK - Green Brick Partners Add 33.33% 20,000 0.03
RESI - Front Yard Residential Corporation Add 16.60% 4,272 0.01
MHK - Mohawk Industries Add 13.44% 19,738 0.22
HA - Hawaiian Holdings Add 10.84% 118,889 0.18
UMBF - UMB Financial Corp. Add 10.67% 14,106 0.10
TPHS - Trinity Place Holdings Add 3.49% 203,936 0.05
HCC - Warrior Met Coal Inc. Add 3.15% 56,386 0.09
JBGS - JBG Smith Properties Add 0.79% 9,710 0.05
TDW - Tidewater Inc. Add 0.62% 17,141 0.02
PLD - Prologis Inc. Buy 368,926 4.38
ESS - Essex Property Trust Buy 97,734 3.18
PSA - Public Storage Buy 101,528 2.98
LOW - Lowe's Cos. Buy 169,215 2.15
ORI - Old Republic International Buy 797,168 1.80
CBRE - CBRE Group Buy 235,115 1.31
FDX - FedEx Corp. Buy 71,511 1.28
CALM - Cal-Maine Foods Inc. Buy 136,928 0.89
CET - Central Securities Corp. Buy 111,210 0.42
BATRA - Atlanta Braves Holdings Inc. Series A Buy 68,715 0.20
IYR - Ishares Dow Jones Real Estate Index Buy 9,000 0.09
NXRT - NexPoint Residential Trust, Inc. Buy 23,000 0.09
PCH - Potlatchdeltic Corp. Buy 16,000 0.07
ROIC - Retail Opportunity Investments Corp. Buy 55,000 0.07
STC - Stewart Information Services Corp. Buy 17,000 0.07
CIO - City Office REIT, Inc. Buy 55,000 0.06
RMR - The RMR Group Inc. Buy 14,000 0.06
CTO - CTO Realty Growth Inc. Buy 8,000 0.05
MNR - Monmouth Real Estate Investment Corp. Buy 30,000 0.05
Q4 2019
CTB - Cooper Tire & Rubber Company Add 52.27% 50,767 0.14
AGX - Argan Inc. Add 25.25% 33,612 0.13
MAC - The Macerich Company Add 23.18% 259,115 0.69
UMBF - UMB Financial Corp. Add 8.52% 10,375 0.07
UHAL - U-Haul Holding Co. Add 6.46% 4,866 0.18
FPH - Five Point Holdings LLC Add 6.25% 689,010 0.47
SRG - Seritage Growth Properties Add 3.45% 11,173 0.04
CLNY - Colony Capital Inc. Add 2.77% 48,525 0.02
TPHS - Trinity Place Holdings Add 2.38% 135,675 0.04
HCC - Warrior Met Coal Inc. Add 1.10% 19,513 0.04
EXP - Eagle Materials Inc. Add 0.83% 1,462 0.01
TDW - Tidewater Inc. Add 0.63% 17,188 0.03
MHK - Mohawk Industries Add 0.44% 642 0.01
ATNI - ATN International Inc. Add 0.14% 185 0.00
MYRG - MYR Group Inc. Add 0.04% 148 0.00
HHC - Howard Hughes Corporation Buy 112,780 1.41
SPY - SPDR S&P 500 ETF Trust Buy 3,365 0.11
Q3 2019
VNO - Vornado Realty Trust Add 56.27% 223,862 1.29
MYRG - MYR Group Inc. Add 19.28% 61,974 0.17
FIX - Comfort Systems USA Inc. Add 19.00% 21,499 0.09
MHK - Mohawk Industries Add 18.63% 22,965 0.26
TDW - Tidewater Inc. Add 5.23% 136,110 0.19
CUBI - Customers Bancorp Inc Add 2.95% 16,092 0.03
PNC - PNC Financial Services Add 1.99% 5,285 0.07
SRG - Seritage Growth Properties Add 1.94% 6,152 0.02
UHAL - U-Haul Holding Co. Add 0.78% 584 0.02
LEN.B - Lennar Corp. CL B Add 0.70% 8,813 0.04
JBGS - JBG Smith Properties Add 0.51% 6,635 0.02
TPHS - Trinity Place Holdings Add 0.48% 27,508 0.01
HCC - Warrior Met Coal Inc. Add 0.35% 6,227 0.01
CLNY - Colony Capital Inc. Buy 1,754,908 0.95
CTB - Cooper Tire & Rubber Company Buy 97,126 0.23
Q2 2019
AGX - Argan Inc. Add 49.60% 44,142 0.15
MHK - Mohawk Industries Add 38.80% 34,452 0.43
VC - Visteon Corp. Add 38.65% 52,615 0.26
TPHS - Trinity Place Holdings Add 12.87% 647,578 0.21
SRG - Seritage Growth Properties Add 12.32% 34,837 0.13
TDW - Tidewater Inc. Add 6.47% 158,043 0.31
CUBI - Customers Bancorp Inc Add 4.98% 25,877 0.05
HA - Hawaiian Holdings Inc Add 3.44% 47,019 0.11
LEN.B - Lennar Corp. CL B Add 1.45% 18,121 0.06
MAC - The Macerich Company Add 1.45% 20,402 0.06
PNC - PNC Financial Services Add 0.34% 895 0.01
FPH - Five Point Holdings LLC Add 0.30% 34,718 0.02
Q1 2019
JBGS - JBG Smith Properties Add 106.40% 677,731 2.17
VC - Visteon Corp. Add 40.47% 39,217 0.19
ATNI - ATN International Inc. Add 18.39% 21,157 0.10
HA - Hawaiian Holdings Inc. Add 14.59% 174,111 0.37
FRPH - FRP Holdings Inc. Add 6.27% 7,770 0.03
SEB - Seaboard Corp. Add 6.09% 98 0.03
TPHS - Trinity Place Holdings Add 1.47% 72,758 0.02
TDW - Tidewater Inc. Add 1.44% 34,721 0.06
FPH - Five Point Holdings LLC Add 0.96% 109,577 0.08
RIG - Transocean Ltd. Add 0.71% 10,657 0.01
LEN.B - Lennar Corp. CL B Add 0.46% 5,665 0.02
TPH - Tri Pointe Homes, Inc. Add 0.12% 709 0.00
SMHI - SEACOR Marine Holdings Inc. Add 0.02% 63 0.00
CUBI - Customers Bancorp Inc Add 0.01% 39 0.00
EXP - Eagle Materials Inc. Buy 175,889 1.21
MHK - Mohawk Industries Buy 88,805 0.92
44K - Carter Bank & Trust Buy 337,575 0.52
AGX - Argan Inc. Buy 89,000 0.33
Q4 2018
PNC - PNC Financial Services Add 584.38% 241,068 2.31
FRPH - FRP Holdings Inc. Add 242.40% 87,776 0.33
ASIX - AdvanSix Inc. Add 198.39% 152,085 0.30
HA - Hawaiian Holdings Inc. Add 107.89% 619,532 1.34
RESI - Front Yard Residential Corporation Add 79.37% 72,709 0.05
SAFM - Sanderson Farms Inc. Add 71.52% 25,467 0.21
CTT - Catchmark Timber Trust Inc. Add 68.50% 54,802 0.03
VC - Visteon Corp. Add 58.17% 35,638 0.18
CCS - Century Communities Inc. Add 57.67% 24,031 0.03
GRBK - Green Brick Partners Add 40.98% 21,800 0.01
UMBF - UMB Financial Corp. Add 34.83% 38,958 0.19
CDR - Cedar Realty Trust Inc. Add 30.62% 69,000 0.02
SEB - Seaboard Corp. Add 13.62% 193 0.06
FPH - Five Point Holdings LLC Add 12.02% 1,228,656 0.70
TDW - Tidewater Inc. Add 7.62% 170,464 0.27
TPH - Tri Pointe Homes, Inc. Add 7.42% 41,844 0.04
MYRG - MYR Group Inc. Add 7.33% 21,950 0.05
LEN.B - Lennar Corp. CL B Add 5.68% 66,736 0.17
WY - Weyerhaeuser Co. Add 2.65% 124,006 0.22
CMA - Comerica Inc. Add 1.82% 9,683 0.05
SRG - Seritage Growth Properties Add 1.28% 3,750 0.01
JBGS - JBG Smith Properties Add 1.13% 7,109 0.02
TPHS - Trinity Place Holdings Add 0.22% 10,797 0.00
SMHI - SEACOR Marine Holdings Inc. Add 0.03% 102 0.00
RIG - Transocean Ltd. Buy 1,510,628 0.86
CUBI - Customers Bancorp Inc Buy 519,113 0.77
SPY - SPDR S&P 500 ETF Trust Buy 11,248 0.23
WLH - William Lyon Homes - Cl A Buy 44,471 0.04
Q3 2018
SAFM - Sanderson Farms Inc. Add 131.11% 20,200 0.12
JBGS - JBG Smith Properties Add 95.59% 307,848 0.64
HA - Hawaiian Holdings Inc Add 43.95% 175,319 0.40
RESI - Front Yard Residential Corporation Add 40.94% 26,609 0.02
TPH - Tri Pointe Homes, Inc. Add 37.29% 153,213 0.11
UMBF - UMB Financial Corp. Add 37.07% 30,253 0.12
BXP - BXP Inc. Add 25.70% 104,984 0.25
CSGS - CSG Systems International, Inc. Add 21.79% 28,445 0.06
FPH - Five Point Holdings LLC Add 17.77% 1,541,609 0.82
VC - Visteon Corp. Add 15.47% 8,208 0.04
ORIG - Ocean Rig UDW Inc. Add 14.17% 116,277 0.23
LEN.B - Lennar Corp. CL B Add 7.09% 77,797 0.17
GRBK - Green Brick Partners Add 6.40% 3,200 0.00
MYRG - MYR Group Inc. Add 5.64% 15,987 0.03
HCC - Warrior Met Coal Inc. Add 5.57% 140,067 0.21
SRG - Seritage Growth Properties Add 0.63% 1,825 0.00
FNF - Fidelity National Financial Inc. Add 0.30% 1,653 0.00
MAC - The Macerich Company Add 0.30% 4,742 0.01
TPHS - Trinity Place Holdings Add 0.29% 14,085 0.00
LOW - Lowe's Cos. Add 0.27% 1,307 0.01
VNO - Vornado Realty Trust Add 0.27% 2,263 0.01
UHAL - U-Haul Holding Co. Add 0.25% 221 0.00
RYN - Rayonier Inc. Add 0.21% 5,037 0.01
AKR - Acadia Realty Trust Add 0.16% 2,964 0.00
SEB - Seaboard Corp. Add 0.14% 2 0.00
LEN - Lennar Corp. Add 0.08% 2,025 0.01
SMHI - SEACOR Marine Holdings Inc. Add 0.07% 259 0.00
PNC - PNC Financial Services Add 0.01% 3 0.00
ASIX - AdvanSix Inc. Buy 76,658 0.15
Q2 2018
FPH - Five Point Holdings LLC Add 225.09% 6,007,552 3.35
LEN.B - Lennar Corp. CL B Add 149.61% 658,113 1.39
HCC - Warrior Met Coal Inc. Add 97.71% 1,243,282 1.70
SRG - Seritage Growth Properties Add 36.97% 78,620 0.16
MAC - The Macerich Company Add 29.87% 363,613 1.02
CDR - Cedar Realty Trust Inc Add 28.25% 49,628 0.01
SMHI - SEACOR Marine Holdings Inc. Add 22.52% 65,750 0.08
PB - Prosperity Bancshares Inc. Add 20.36% 21,152 0.07
MYRG - MYR Group Inc. Add 14.88% 36,724 0.06
SEB - Seaboard Corp. Add 9.78% 126 0.02
CSGS - CSG Systems International, Inc. Add 7.96% 9,629 0.02
BXP - BXP Inc. Add 3.68% 14,503 0.03
PNC - PNC Financial Services Add 3.23% 1,289 0.01
FCE.A - Forest City Enterprises Inc. CL A Add 2.15% 151,542 0.17
TDW - Tidewater Inc. Add 1.17% 26,106 0.04
FRPH - FRP Holdings Inc. Add 0.78% 279 0.00
AKR - Acadia Realty Trust Add 0.34% 6,260 0.01
UNF - UniFirst Corp. Add 0.31% 92 0.00
PRSU - Viad Corp. Add 0.27% 293 0.00
UMBF - UMB Financial Corp. Add 0.27% 221 0.00
FNF - Fidelity National Financial Inc. Add 0.25% 1,364 0.00
UHAL - U-Haul Holding Co. Add 0.25% 214 0.00
BMCH - BMC Stock Holdings, Inc. Add 0.24% 778 0.00
TTEK - Tetra Tech, Inc. Add 0.22% 289 0.00
ZION - Zions Bancorp Add 0.22% 1,232 0.00
LOW - Lowe's Cos. Add 0.21% 1,006 0.00
VNO - Vornado Realty Trust Add 0.21% 1,731 0.01
TPHS - Trinity Place Holdings Add 0.20% 9,865 0.00
CUB - Cubic, Corp. Add 0.19% 246 0.00
FR - First Industrial Realty Trust Inc. Add 0.18% 2,994 0.00
ICFI - ICF International Inc. Add 0.17% 243 0.00
Y - Alleghany Corp. Add 0.05% 33 0.00
HA - Hawaiian Holdings Inc Buy 398,880 0.71
ATNI - Atn International Inc Buy 115,053 0.30
SAFM - Sanderson Farms Inc. Buy 15,407 0.08
RESI - Front Yard Residential Corporation Buy 65,000 0.03
GRBK - Green Brick Partners Buy 50,000 0.02
JCAP - Jernigan Capital Buy 25,000 0.02
Q1 2018
LEN.B - Lennar Corp. CL B Add 212.50% 299,127 0.73
BXP - BXP Inc. Add 148.24% 235,262 0.54
HCC - Warrior Met Coal Inc. Add 85.39% 586,102 0.84
CSGS - CSG Systems International, Inc. Add 79.94% 53,716 0.12
UHAL - U-Haul Holding Co. Add 57.77% 31,938 0.56
MAC - The Macerich Company Add 43.22% 367,332 1.05
SEB - Seaboard Corp. Add 37.57% 352 0.08
TDW - Tidewater Inc. Add 33.26% 557,318 0.81
FCE.A - Forest City Enterprises Inc. CL A Add 23.68% 1,346,825 1.39
VNO - Vornado Realty Trust Add 20.20% 139,772 0.48
BMCH - BMC Stock Holdings, Inc. Add 18.15% 49,149 0.05
DB - Deutsche Bank AG Add 16.67% 100,000 0.07
FPH - Five Point Holdings LLC Add 3.23% 83,435 0.06
Y - Alleghany Corp. Add 2.25% 1,555 0.05
WTM - White Mountains Insurance Add 1.03% 347 0.01
LOW - Lowe's Cos. Add 0.95% 4,497 0.02
JBGS - JBG Smith Properties Add 0.84% 2,680 0.00
TPHS - Trinity Place Holdings Add 0.64% 31,131 0.01
RYN - Rayonier Inc. Add 0.61% 18,699 0.03
FR - First Industrial Realty Trust Inc. Add 0.57% 9,694 0.01
ZION - Zions Bancorp Add 0.51% 2,854 0.01
FNF - Fidelity National Financial Inc. Add 0.45% 2,435 0.00
LEN - Lennar Corp. Add 0.38% 10,067 0.03
BNY - Bank of New York Mellon Corp. Add 0.00% 19 0.00
AKR - Acadia Realty Trust Buy 1,822,246 2.28
ORIG - Ocean Rig UDW Inc. Buy 820,373 1.05
SRG - Seritage Growth Properties Buy 212,680 0.39
SMHI - SEACOR Marine Holdings Inc. Buy 291,900 0.28
FRPH - FRP Holdings Inc. Buy 35,932 0.10
Q4 2017
LM - Legg Mason Inc. Add 215.87% 128,079 0.26
LEN.B - Lennar Corp. CL B Add 199.46% 93,757 0.23
TDW - Tidewater Inc. Add 164.16% 1,041,376 1.22
MYRG - MYR Group Inc. Add 89.28% 116,424 0.20
DB - Deutsche Bank AG Add 20.00% 100,000 0.09
TRC - Tejon Ranch Co. Add 20.00% 442,329 0.44
ALCO - Alico, Inc. Add 17.31% 20,724 0.03
FCE.A - Forest City Enterprises Inc. CL A Add 17.04% 828,259 0.96
FCN - FTI Consulting Inc. Add 16.43% 22,391 0.05
VC - Visteon Corp. Add 13.06% 6,366 0.04
PB - Prosperity Bancshares Inc. Add 11.64% 10,826 0.04
CBSH - Commerce Bancshares, Inc Add 5.00% 5,145 0.01
FPH - Five Point Holdings LLC Add 4.82% 118,878 0.08
WTM - White Mountains Insurance Add 3.83% 1,247 0.05
JCI - Johnson Controls Intl. plc Add 3.24% 38,591 0.07
AMGN - Amgen Add 3.15% 6,609 0.06
MAS - Masco Corp. Add 0.37% 2,069 0.00
VNO - Vornado Realty Trust Add 0.28% 1,913 0.01
MAC - The Macerich Company Add 0.25% 2,128 0.01
ZION - Zions Bancorp Add 0.16% 867 0.00
BAM.A - Brookfield Asset Mgmt. CL A Add 0.06% 2,372 0.00
UHAL - U-Haul Holding Co. Buy 55,286 1.00
HCC - Warrior Met Coal Inc. Buy 686,383 0.83
BXP - BXP Inc. Buy 158,707 0.31
Q3 2017
WSBC - Wesbanco Inc. Add 96.30% 54,600 0.10
AMN - AMN Healthcare Services Add 94.53% 69,800 0.15
CRZO - Carrizo Oil & Gas Inc. Add 83.44% 135,300 0.10
MAC - The Macerich Company Add 69.27% 346,900 0.87
PDCO - Patterson Companies Inc Add 60.86% 49,600 0.09
JCI - Johnson Controls Intl. plc Add 56.65% 430,233 0.79
MYRG - MYR Group Inc. Add 39.61% 37,000 0.05
CCS - Century Communities Inc. Add 25.80% 14,697 0.02
DB - Deutsche Bank AG Add 25.00% 100,000 0.08
RS - Reliance Steel & Aluminum Add 14.38% 45,252 0.16
FNSR - Finisar Corp. Add 10.42% 19,000 0.02
PDCE - PDC Energy, Inc. Add 8.67% 6,300 0.01
VNO - Vornado Realty Trust Add 8.03% 51,300 0.18
SYNA - Synaptics Inc. Add 6.02% 5,500 0.01
WKC - World Fuel Services Corp Add 5.47% 9,100 0.01
FIX - Comfort Systems USA Inc. Add 5.02% 8,100 0.01
EOG - EOG Resources Add 3.85% 9,235 0.04
HAYN - Haynes International Inc. Add 2.56% 3,256 0.01
TPHS - Trinity Place Holdings Add 0.22% 10,600 0.00
ZION - Zions Bancorp Add 0.22% 1,200 0.00
BAM.A - Brookfield Asset Mgmt. CL A Add 0.21% 8,899 0.02
FR - First Industrial Realty Trust Inc. Add 0.20% 3,500 0.00
FCE.A - Forest City Enterprises Inc. CL A Add 0.13% 6,200 0.01
LOW - Lowe's Cos. Add 0.13% 600 0.00
RYN - Rayonier Inc. Add 0.11% 3,700 0.00
KIM - Kimco Realty Corp Buy 1,080,300 0.96
TDW - Tidewater Inc. Buy 634,354 0.84
JBGS - JBG Smith Properties Buy 319,357 0.50
Q2 2017
TPH - Tri Pointe Homes, Inc. Add 97.83% 203,200 0.12
DST - DST Systems Add 85.63% 42,900 0.12
AVT - Avnet Inc. Add 81.75% 232,451 0.41
EOG - EOG Resources Add 52.73% 82,724 0.34
MYRG - MYR Group Inc. Add 45.26% 29,100 0.04
PLAB - Photronics Inc. Add 37.38% 127,300 0.05
MAC - The Macerich Company Add 29.81% 115,000 0.30
CORE - Core-Mark Holding Co. Inc. Add 23.93% 17,699 0.03
SP - SP Plus Corp. Add 17.12% 29,000 0.04
KALU - Kaiser Aluminum Corp. Add 13.18% 8,100 0.03
BMCH - BMC Stock Holdings, Inc. Add 11.66% 29,600 0.03
CZZ - Cosan Ltd. Add 10.18% 52,000 0.01
SYNT - Syntel, Inc. Add 8.26% 37,300 0.03
VNO - Vornado Realty Trust Add 6.59% 39,500 0.17
SYNA - Synaptics Inc. Add 6.29% 5,400 0.01
TRC - Tejon Ranch Co. Add 2.19% 47,500 0.04
TPHS - Trinity Place Holdings Add 1.12% 53,900 0.02
PKY - Parkway Inc. Add 0.58% 6,100 0.01
KW - Kennedy-Wilson Holdings Inc. Add 0.28% 3,500 0.00
NX - Quanex Building Products Corp. Add 0.23% 500 0.00
FPH - Five Point Holdings LLC Buy 2,466,661 1.64
RS - Reliance Steel & Aluminum Buy 314,698 1.04
DB - Deutsche Bank AG Buy 400,000 0.32
FNSR - Finisar Corp. Buy 182,400 0.21
HAYN - Haynes International Inc. Buy 127,187 0.21
HZN - Horizon Global Corp. Buy 268,100 0.17
PDCE - PDC Energy, Inc. Buy 72,700 0.14
AMN - AMN Healthcare Services Buy 73,842 0.13
WSBC - Wesbanco Inc. Buy 56,700 0.10
Q1 2017
SYNA - Synaptics Inc. Add 443.72% 70,107 0.16
LEN.B - Lennar Corp. CL B Add 344.31% 39,100 0.08
NX - Quanex Building Products Corp. Add 173.56% 135,900 0.13
BMCH - BMC Stock Holdings, Inc. Add 80.00% 112,800 0.12
VOD - Vodafone Group Plc - ADR Add 67.08% 1,259 0.00
SYNT - Syntel, Inc. Add 62.31% 173,291 0.13
CRZO - Carrizo Oil & Gas Inc. Add 58.98% 60,600 0.08
TTEN - Total Fina ELF S A ADR Add 53.98% 984 0.00
MAC - The Macerich Company Add 44.33% 118,500 0.36
TNET - Trinet Group Services Add 44.17% 56,800 0.08
GIII - G-III Apparel Group Add 36.54% 52,100 0.05
RL - Ralph Lauren Corp. Add 33.52% 90,537 0.34
VMI - Valmont Industries Add 26.96% 458 0.00
TILE - Interface, Inc. Add 19.75% 39,900 0.03
KALU - Kaiser Aluminum Corp. Add 16.48% 8,700 0.03
G - Genpact Ltd. Add 14.75% 32,700 0.04
TPHS - Trinity Place Holdings Add 14.46% 610,000 0.21
WKC - World Fuel Services Corp Add 10.13% 15,300 0.03
ARCO - Arcos Dorados Holdings Inc. Add 8.55% 99,500 0.04
PDCO - Patterson Companies Inc Add 8.09% 6,100 0.01
ICFI - ICF International Inc. Add 6.94% 9,400 0.02
JCI - Johnson Controls Intl. plc Add 6.61% 47,343 0.09
DST - DST Systems Add 3.73% 1,800 0.01
SHPG - Shire Plc - ADR Add 2.51% 1,702 0.01
BKD - Brookdale Senior Living Inc. Add 2.27% 46,013 0.03
CBM - Cambrex Corp. Add 2.27% 1,900 0.00
LIVN - LivaNova PLC Add 1.19% 6,133 0.01
KEY - KeyCorp Add 1.03% 10,208 0.01
DVN - Devon Energy Corp. Add 0.52% 3,961 0.01
BNY - Bank of New York Mellon Corp. Add 0.49% 8,671 0.02
AXE - Anixter International Inc. Add 0.46% 1,628 0.01
WTM - White Mountains Insurance Add 0.46% 295 0.01
MAS - Masco Corp. Add 0.40% 3,453 0.01
AMGN - Amgen Add 0.39% 822 0.01
CERN - Cerner Corp. Add 0.34% 1,390 0.00
LEN - Lennar Corp. Add 0.16% 4,766 0.01
EOG - EOG Resources Buy 156,897 0.71
AVT - Avnet Inc. Buy 284,341 0.61
PLAB - Photronics Inc. Buy 340,600 0.17
TPH - Tri Pointe Homes, Inc. Buy 207,700 0.12
CORE - Core-Mark Holding Co. Inc. Buy 73,962 0.11
CDR - Cedar Realty Trust Inc Buy 175,700 0.04
Q4 2016
TPHS - Trinity Place Holdings Add 33,044.90% 4,206,285 1.81
LEN - Lennar Corp. Add 199.93% 1,967,747 3.93
SYNT - Syntel, Inc. Add 136.31% 160,418 0.15
AMGN - Amgen Add 56.65% 76,036 0.52
LIVN - LivaNova PLC Add 54.49% 181,929 0.38
SP - SP Plus Corp. Add 38.36% 46,974 0.06
WKC - World Fuel Services Corp Add 12.13% 16,340 0.03
CRZO - Carrizo Oil & Gas Inc. Add 11.16% 10,318 0.02
DST - DST Systems Add 8.36% 3,727 0.02
MAS - Masco Corp. Add 8.25% 64,969 0.10
KALU - Kaiser Aluminum Corp. Add 6.83% 3,373 0.01
G - Genpact Ltd. Add 6.47% 13,470 0.02
CBSH - Commerce Bancshares, Inc Add 4.61% 8,168 0.02
JCI - Johnson Controls Intl. plc Add 1.41% 9,981 0.02
PKY - Parkway Inc. Buy 1,044,662 1.08
CERN - Cerner Corp. Buy 408,707 0.90
KFY - Korn Ferry Buy 125,500 0.17
TNET - Trinet Group Services Buy 128,600 0.15
BMCH - BMC Stock Holdings, Inc. Buy 141,000 0.13
NX - Quanex Building Products Corp. Buy 78,300 0.07
SYNA - Synaptics Inc. Buy 15,800 0.04
LEN.B - Lennar Corp. CL B Buy 11,356 0.02
Q3 2016
CRZO - Carrizo Oil & Gas Inc. Add 97.09% 45,535 0.09
GIII - G-III Apparel Group Add 60.28% 53,865 0.08
SHPG - Shire Plc - ADR Add 42.61% 20,384 0.19
LIVN - LivaNova PLC Add 24.58% 65,871 0.19
KEX - Kirby Corp. Add 17.10% 15,241 0.05
CBM - Cambrex Corp. Add 9.47% 7,258 0.02
WKC - World Fuel Services Corp Add 9.24% 11,397 0.02
SEB - Seaboard Corp. Add 4.68% 42 0.01
B - Barrick Mining Corp. Add 2.75% 2,800 0.01
KALU - Kaiser Aluminum Corp. Add 2.59% 1,248 0.01
WCIC - WCI Communities Inc. Add 0.73% 3,843 0.00
SMP - Standard Motor Products, Inc. Add 0.08% 123 0.00
SBSI - Southside Bancshares Inc. Add 0.07% 145 0.00
NSIT - Insight Enterprises, Inc. Add 0.04% 89 0.00
TILE - Interface, Inc. Add 0.04% 103 0.00
TTEK - Tetra Tech, Inc. Add 0.04% 55 0.00
JCI - Johnson Controls Intl. plc Buy 705,743 1.55
FIX - Comfort Systems USA Inc. Buy 162,058 0.22
SP - SP Plus Corp. Buy 122,449 0.15
Q2 2016
SEB - Seaboard Corp. Add 4,626.32% 879 0.12
TILE - Interface, Inc. Add 199.68% 166,159 0.11
TPHS - Trinity Place Holdings Add 111.13% 6,700 0.00
HAR - Harman International Industries, Inc. Add 43.50% 121,474 0.40
RL - Ralph Lauren Corp. Add 20.09% 45,968 0.19
WCIC - WCI Communities Inc. Add 19.53% 85,823 0.07
B - Barrick Mining Corp. Add 9.78% 9,072 0.01
CUB - Cubic, Corp. Add 9.47% 14,897 0.03
SBSI - Southside Bancshares Inc. Add 5.00% 10,595 0.01
SYNT - Syntel, Inc. Add 4.84% 5,438 0.01
JCN - Johnson Controls Inc. Buy 604,458 1.22
AMGN - Amgen Buy 135,642 0.94
LIVN - LivaNova PLC Buy 267,977 0.62
SHPG - Shire Plc - ADR Buy 47,840 0.40
NTCT - NetScout Systems, Inc. Buy 270,281 0.27
GIII - G-III Apparel Group Buy 89,353 0.19
FRGI - Fiesta Restaurant Group, Inc. Buy 114,406 0.11
NXRT - Nexpoint Residnl Tr Buy 25,000 0.02
Q1 2016
KW - Kennedy-Wilson Holdings Inc. Add 165.55% 898,612 0.77
LABL - Multi-Color Corporation Add 36.58% 34,691 0.07
CUB - Cubic, Corp. Add 11.22% 15,871 0.03
BAM.A - Brookfield Asset Mgmt. CL A Add 9.56% 413,494 0.57
UNF - UniFirst Corp. Add 8.99% 3,240 0.01
SBSI - Southside Bancshares Inc. Add 7.23% 14,296 0.01
VC - Visteon Corp. Add 4.64% 5,735 0.02
CZZ - Cosan Ltd. Add 4.34% 49,127 0.01
PNC - PNC Financial Services Add 1.18% 8,288 0.03
ALCO - Alico, Inc. Add 0.16% 212 0.00
DST - DST Systems Add 0.11% 48 0.00
ICFI - ICF International Inc. Add 0.09% 164 0.00
VLY - Valley National Bancorp Add 0.08% 561 0.00
CBSH - Commerce Bancshares, Inc Add 0.06% 105 0.00
ABM - ABM Industries Add 0.05% 48 0.00
BR - Broadridge Financial Solutions, Inc. Add 0.05% 53 0.00
FCN - FTI Consulting Inc. Add 0.05% 117 0.00
FLWS - 1-800-Flowers.com Inc. Add 0.05% 332 0.00
MYRG - MYR Group Inc. Add 0.04% 50 0.00
TTEK - Tetra Tech, Inc. Add 0.03% 90 0.00
FCE.A - Forest City Enterprises Inc. CL A Buy 5,661,733 4.71
LEN - Lennar Corp. Buy 1,123,000 2.14
FNF - Fidelity National Financial Inc. Buy 790,100 1.06
HAR - Harman International Industries, Inc. Buy 279,242 0.98
HHC - Howard Hughes Corporation Buy 235,600 0.98
RL - Ralph Lauren Corp. Buy 228,864 0.87
CSW - CSW Industrials Inc. Buy 150,348 0.19
CBM - Cambrex Corp. Buy 76,681 0.13
CRZO - Carrizo Oil & Gas Inc. Buy 46,900 0.06
TILE - Interface, Inc. Buy 83,211 0.06
FCE.B - Forest City Enterprises Inc. CL B Buy 702 0.00
SEB - Seaboard Corp. Buy 19 0.00
TPHS - Trinity Place Holdings Buy 6,029 0.00
Q4 2015
SEMG - SemGroup Corporation - CL A Add 36.73% 38,225 0.04
VOD - Vodafone Group Plc - ADR Add 35.81% 833 0.00
FCN - FTI Consulting Inc. Add 11.87% 25,024 0.03
CZZ - Cosan Ltd. Add 11.79% 119,285 0.01
LABL - Multi-Color Corporation Add 8.25% 7,229 0.01
VLY - Valley National Bancorp Add 7.94% 53,458 0.02
NSIT - Insight Enterprises, Inc. Add 5.12% 14,513 0.01
VC - Visteon Corp. Add 2.06% 2,495 0.01
SBSI - Southside Bancshares Inc. Add 1.78% 3,454 0.00
BXLT - Baxalta Inc. Buy 522,437 0.68
KEX - Kirby Corp. Buy 184,154 0.32
BMCH - Bmc Stock Holdings Buy 209,240 0.12
MYRG - MYR Group Inc. Buy 116,260 0.08
HEROQ - Hercules Offshore Buy 812,533 0.06
Q3 2015
AXE - Anixter International Inc. Add 233.26% 598,329 0.97
CNH - CNH Industrial NV Add 89.74% 291,842 0.05
FLWS - 1-800-Flowers.com Inc. Add 88.52% 306,676 0.08
BKD - Brookdale Senior Living Inc. Add 69.41% 2,404,007 1.54
LABL - Multi-Color Corporation Add 57.26% 31,901 0.07
WFC - Wells Fargo Add 45.97% 13,900 0.02
CIR - Circor International Inc. Add 33.66% 29,296 0.03
ARCO - Arcos Dorados Holdings Inc. Add 26.22% 362,261 0.03
UCP - UCP Inc. - Class A Add 25.93% 70,000 0.01
PNC.WS - PNC Financial Services Group 2018 Warrants Add 25.48% 505,200 0.34
PNC - PNC Financial Services Add 20.88% 124,779 0.31
CUB - Cubic, Corp. Add 15.62% 21,309 0.03
VNO - Vornado Realty Trust Add 15.38% 175,500 0.45
ANIP - ANI Pharmaceuticals Inc. Add 15.30% 7,926 0.01
ICFI - ICF International Inc. Add 15.12% 25,605 0.02
MAC - The Macerich Company Add 13.82% 237,200 0.51
FR - First Industrial Realty Trust Inc. Add 13.80% 912,700 0.54
BAM.A - Brookfield Asset Mgmt. CL A Add 10.75% 445,461 0.39
SMP - Standard Motor Products, Inc. Add 9.82% 20,233 0.02
SEMG - SemGroup Corporation - CL A Add 7.49% 7,252 0.01
FCYA - Forest City Enterprises Inc. CL A Add 7.10% 537,137 0.30
MAS - Masco Corp. Add 7.10% 121,991 0.09
WY - Weyerhaeuser Co. Add 6.65% 735,671 0.56
RYN - Rayonier Inc. Add 6.61% 342,900 0.21
DORM - Dorman Products Add 5.43% 8,040 0.01
WCIC - WCI Communities Inc. Add 2.93% 14,386 0.01
HYB - New America High Income Fund, Inc Add 2.32% 13,486 0.00
HYI - Western Asset High Yield Defined Opportunity Fund Add 2.23% 12,272 0.00
EQC - Equity Commonwealth Add 1.71% 62,400 0.05
CST - CST Brands, Inc Add 1.56% 2,725 0.00
PPS - Post Properties Inc. Add 1.44% 19,000 0.03
ZION - Zions Bancorp Add 1.43% 41,400 0.03
HOUS - Realogy Holdings Corp. Add 1.39% 23,200 0.02
FSD - First Trust High Income Long/Short Fund Add 1.37% 11,351 0.00
LOW - Lowe's Cos. Add 1.35% 17,200 0.03
H - Hyatt Hotels Corp. Add 1.28% 6,100 0.01
SKT - Tanger Inc. Add 1.20% 27,100 0.02
CVA - Covanta Holding Corporation Add 0.59% 25,106 0.01
VCA - VCA Antech Inc. Add 0.04% 54 0.00
KALU - Kaiser Aluminum Corp. Add 0.03% 27 0.00
LXU - LSB Industries Inc. Add 0.03% 47 0.00
PRSU - Viad Corp. Add 0.03% 73 0.00
CBSH - Commerce Bancshares, Inc Add 0.02% 49 0.00
G - Genpact Ltd. Add 0.02% 80 0.00
KW - Kennedy-Wilson Holdings Inc. Buy 748,000 0.46
VC - Visteon Corp. Buy 121,038 0.34
SBSI - Southside Bancshares Inc. Buy 194,170 0.15
25X - SPX Flow Inc. Buy 135,078 0.13
DST - DST Systems Buy 44,541 0.13
NBL - Noble Energy Inc. Buy 122,223 0.10
CZZ - Cosan Ltd. Buy 1,011,834 0.08
IUSV - Ishares Russell 1000 Growth Etf Buy 16,465 0.06
SPY - SPDR S&P 500 ETF Trust Buy 10,425 0.06
CTT - Catchmark Timber Trust Inc. Buy 158,900 0.05
SPXC* - SPX Corporation Buy 83,019 0.03
WMIH - WMI Holdings Corp, Buy 296,406 0.02
Q2 2015
MAC - The Macerich Company Add 172.84% 1,087,200 2.11
AXE - Anixter International Inc. Add 167.93% 160,767 0.27
CIR - Circor International Inc. Add 101.93% 43,933 0.06
RYN - Rayonier Inc. Add 52.88% 1,793,900 1.19
BAM.A - Brookfield Asset Mgmt. CL A Add 44.96% 1,284,918 1.17
VNO - Vornado Realty Trust Add 43.14% 344,000 0.85
DORM - Dorman Products Add 20.97% 25,681 0.03
FR - First Industrial Realty Trust Inc. Add 20.87% 1,142,400 0.56
UCP - UCP Inc. - Class A Add 20.64% 46,200 0.01
FCYA - Forest City Enterprises Inc. CL A Add 13.52% 900,789 0.52
POWL - Powell Industries Add 10.91% 6,300 0.00
WY - Weyerhaeuser Co. Add 8.90% 904,437 0.74
CST - CST Brands, Inc Add 8.28% 13,364 0.01
WFC - Wells Fargo Add 8.23% 2,300 0.00
PNC - PNC Financial Services Add 6.86% 38,351 0.10
WKC - World Fuel Services Corp Add 6.40% 12,257 0.02
BKD - Brookdale Senior Living Inc. Add 5.31% 174,736 0.16
GM - General Motors Add 3.68% 68,539 0.06
ARDC - Ares Dynamic Credit Allocation Fund, Inc. Add 2.17% 6,535 0.00
HYB - New America High Income Fund, Inc Add 2.13% 12,148 0.00
HYI - Western Asset High Yield Defined Opportunity Fund Add 2.03% 10,964 0.00
FSD - First Trust High Income Long/Short Fund Add 1.98% 16,115 0.01
HYT - BlackRock Corporate High Yield Fund VI Add 1.94% 37,903 0.01
BTZ - BlackRock Credit Allocation Income Trust Add 1.88% 15,469 0.01
HOUS - Realogy Holdings Corp. Add 0.43% 7,100 0.01
LOW - Lowe's Cos. Add 0.43% 5,400 0.01
PPS - Post Properties Inc. Add 0.43% 5,700 0.01
SKT - Tanger Inc. Add 0.40% 9,000 0.01
EQC - Equity Commonwealth Add 0.37% 13,400 0.01
ZION - Zions Bancorp Add 0.14% 4,100 0.00
H - Hyatt Hotels Corp. Add 0.06% 300 0.00
MAS - Masco Corp. Buy 1,718,680 1.19
EPEGQ - EP Energy Corp. Buy 328,445 0.11
FLWS - 1-800-Flowers.com Inc. Buy 346,433 0.09
ANIP - ANI Pharmaceuticals Inc. Buy 51,790 0.08
CNH - CNH Industrial NV Buy 325,215 0.08
FPO - First Potomac Realty Trust Buy 145,000 0.04
AMD - Advanced Micro Devices Buy 250,000 0.02
Q1 2015
PNC - PNC Financial Services Add 3,808.24% 544,959 1.34
DST - DST Systems Add 203.33% 6,100 0.02
PRSU - Viad Corp. Add 191.24% 187,968 0.14
POWL - Powell Industries Add 80.75% 25,800 0.01
WFC - Wells Fargo Add 67.28% 11,236 0.02
VLY - Valley National Bancorp Add 42.18% 199,630 0.05
RYN - Rayonier Inc. Add 34.45% 869,212 0.62
UCP - UCP Inc. - Class A Add 28.77% 50,000 0.01
IM - Ingram Micro Inc. Add 19.46% 39,517 0.03
ALG - Alamo Group Inc. Add 18.82% 27,543 0.05
CFR - Cullen Frost Bankers Add 16.60% 17,694 0.03
CMA - Comerica Inc. Add 15.43% 420,530 0.50
WCIC - WCI Communities Inc. Add 13.44% 58,179 0.04
VMI - Valmont Industries Add 12.14% 22,099 0.07
ABM - ABM Industries Add 11.13% 24,085 0.02
L - Loews Corp. Add 10.22% 118,046 0.13
SKT - Tanger Inc. Add 10.12% 206,838 0.19
CBSH - Commerce Bancshares, Inc Add 9.86% 17,884 0.02
NSIT - Insight Enterprises, Inc. Add 9.30% 24,135 0.02
WY - Weyerhaeuser Co. Add 9.28% 863,517 0.76
NLOK - Symantec Corp Add 9.15% 248,129 0.15
APA - APA Corp. Add 9.03% 137,729 0.22
CST - CST Brands, Inc Add 9.02% 13,365 0.02
WLK - Westlake Corp. Add 8.89% 400 0.00
TTEN - Total Fina ELF S A ADR Add 8.52% 358 0.00
PPS - Post Properties Inc. Add 6.95% 85,527 0.13
PKX - Posco ADR Add 6.74% 120,120 0.17
CVA - Covanta Holding Corporation Add 5.41% 220,762 0.13
FCYA - Forest City Enterprises Inc. CL A Add 4.44% 283,454 0.19
BKD - Brookdale Senior Living Inc. Add 3.89% 123,173 0.12
AGCO - AGCO Corp. Add 3.45% 63,911 0.08
UMBF - UMB Financial Corp. Add 3.01% 4,671 0.01
FSD - First Trust High Income Long/Short Fund Add 1.98% 15,805 0.01
ARDC - Ares Dynamic Credit Allocation Fund, Inc. Add 1.43% 4,260 0.00
HYI - Western Asset High Yield Defined Opportunity Fund Add 1.39% 7,414 0.00
EQC - Equity Commonwealth Add 1.01% 36,405 0.03
FR - First Industrial Realty Trust Inc. Add 0.90% 48,624 0.03
ZION - Zions Bancorp Add 0.87% 25,037 0.02
LOW - Lowe's Cos. Add 0.74% 9,351 0.02
HYB - New America High Income Fund, Inc Add 0.70% 3,971 0.00
HOUS - Realogy Holdings Corp. Add 0.69% 11,398 0.01
VNO - Vornado Realty Trust Add 0.64% 5,080 0.02
H - Hyatt Hotels Corp. Add 0.50% 2,368 0.00
PNC.WS - PNC Financial Services Group 2018 Warrants Add 0.11% 2,100 0.00
ALCO - Alico, Inc. Add 0.05% 75 0.00
PB - Prosperity Bancshares Inc. Add 0.05% 89 0.00
SXC - Suncoke Energy Inc. Add 0.05% 225 0.00
EME - EMCOR Group, Inc. Add 0.04% 87 0.00
AXE - Anixter International Inc. Add 0.03% 28 0.00
FCN - FTI Consulting Inc. Add 0.03% 92 0.00
KALU - Kaiser Aluminum Corp. Add 0.03% 35 0.00
SEMG - SemGroup Corporation - CL A Add 0.03% 25 0.00
WFC.WS - Wells Fargo & Co. 2018 Warrants Add 0.03% 400 0.00
ENS - EnerSys Add 0.02% 25 0.00
SMP - Standard Motor Products, Inc. Add 0.02% 35 0.00
TTEK - Tetra Tech, Inc. Add 0.02% 88 0.00
B - Barrick Mining Corp. Add 0.01% 37 0.00
MAC - The Macerich Company Buy 629,026 1.40
DORM - Dorman Products Buy 122,452 0.16
R91 - Rosetta Resources Inc. Buy 294,698 0.13
ASNAEUR - Ascena Retail Group, Inc. Buy 279,212 0.11
CIR - Circor International Inc. Buy 43,100 0.06
PPBI - Pacific Premier Bancorp Buy 55,209 0.02
1367506D - Forest City Enterprises Inc. CL B Buy 2,452 0.00
HTS - Hatteras Financial Corp. Buy 5,630 0.00
VOD - Vodafone Group Plc - ADR Buy 3,372 0.00
VZ - Verizon Communications Buy 1,395 0.00
Q4 2014
GM - General Motors Add 1,632.46% 1,876,791 1.75
WCIC - WCI Communities Inc. Add 658.06% 375,768 0.20
RYN - Rayonier Inc. Add 355.53% 1,969,199 1.48
NAVI - Navient Corp. Add 255.50% 51,100 0.03
WFC - Wells Fargo Add 255.42% 12,002 0.01
BTZ - BlackRock Credit Allctn Inc Tr Add 242.61% 638,888 0.22
PNC - PNC Financial Services Add 235.05% 10,039 0.02
HYT - BlackRock Corp Hi Yld Fd VI Add 173.15% 1,344,924 0.41
CCS - Century Communities Inc. Add 59.85% 49,600 0.02
AIG - American International Group Add 41.00% 8,200 0.01
TGT - Target Corp. Add 34.47% 193,197 0.39
ZION - Zions Bancorp Add 31.05% 678,518 0.52
UCP - UCP Inc. Add 30.34% 40,458 0.01
WFC.WS - Wells Fargo & Co. Add 26.24% 246,673 0.14
BKD - Brookdale Senior Living Inc. Add 23.85% 609,580 0.60
FSD - First Trust Hi Inc Long/Sht Fd Add 22.20% 144,963 0.06
APA - APA Corp. Add 17.92% 231,865 0.39
PNC.WS - PNC Fin'l Serv. Gp Add 11.75% 208,204 0.14
CMA - Comerica Inc. Add 10.63% 261,910 0.33
AGCO - AGCO Corp. Add 10.53% 176,482 0.21
MHY - Western Asset Mgd Hi Inc Fd Add 9.75% 91,097 0.01
L - Loews Corp. Add 9.16% 97,000 0.11
ALLY - Ally Financial Inc. Add 7.17% 10,000 0.01
KEY - KeyCorp Add 6.20% 421,086 0.16
H - Hyatt Hotels Corp. Add 1.99% 9,251 0.01
VNO - Vornado Realty Trust Add 1.62% 12,622 0.04
FR - First Industrial Realty Trust Inc. Add 1.60% 85,386 0.05
HOUS - Realogy Holdings Corp. Add 1.59% 25,793 0.03
EQC - Equity Commonwealth Add 1.58% 55,880 0.04
FCYA - Forest City Enter. Inc. Add 1.55% 97,087 0.06
TRC - Tejon Ranch Co. Add 1.03% 23,695 0.02
BAM.A - Brookfield Asset Mgmt. Add 0.63% 19,172 0.03
CLH - Clean Harbors Inc. Add 0.02% 24 0.00
VMI - Valmont Industries Buy 181,983 0.62
B - Barrick Mining Corp. Buy 264,348 0.26
PRSU - Viad Corp. Buy 98,288 0.07
IDPK - Independence Bank Buy 76,900 0.03
VOYA - Voya Financial Inc. Buy 20,000 0.02
DST - DST Sys Inc. Buy 3,000 0.01
POWL - Powell Industries Buy 31,950 0.01
TTEN - Total Fina ELF S A Buy 4,201 0.01
WLK - Westlake Corp. Buy 4,500 0.01
Q3 2014
HOUS - Realogy Holdings Corp. Add 297.20% 1,213,284 1.01
HYT - BlackRock Corp Hi Yld Fd III Inc Add 130.43% 439,648 0.12
ISLE - Isle of Capri Casinos Inc. Add 128.06% 561,500 0.10
AIG - American International Group Add 100.00% 10,000 0.01
SMP - Standard Motor Products, Inc. Add 75.09% 276,077 0.21
SKT - Tanger Inc. Add 69.28% 1,006,273 0.74
AGCO - AGCO Corp. Add 66.49% 669,209 0.68
MHY - Western Asset Mgd Hi Inc Fd Add 39.62% 265,200 0.03
BKD - Brookdale Senior Living Inc. Add 38.52% 710,904 0.51
PNC.WS - PNC Fin'l Serv. Gp Add 38.12% 489,200 0.25
GM - General Motors Add 32.96% 28,500 0.02
FR - First Industrial Realty Trust Inc. Add 23.94% 1,031,398 0.39
SCL - Stepan Co. Add 23.12% 110,629 0.11
VNO - Vornado Realty Trust Add 18.31% 120,639 0.27
FSTR - Foster (LB) Co. Add 14.57% 8,500 0.01
HYI - Western Asset Hi Yld Def Opp Fd Add 12.27% 62,696 0.02
PDCO - Patterson Co. Inc Add 9.87% 59,556 0.06
CUB - Cubic, Corp. Add 9.60% 44,603 0.05
OSK - Oshkosh Corp. Add 9.27% 23,520 0.02
FSD - First Trust Hi Inc Long/Sht Fd Add 7.23% 44,037 0.02
NLOK - Symantec Corp. Add 4.70% 122,381 0.06
UNF - UniFirst Corp. Add 4.63% 16,717 0.04
WY - Weyerhaeuser Co. Add 3.71% 348,174 0.25
HYB - New America Hi Inc Fd, Inc Add 2.00% 12,745 0.00
ARDC - Ares Dynamic Cr Allocation Fd, Inc. Add 1.98% 6,639 0.00
RYN - Rayonier Inc. Add 1.09% 5,987 0.00
ARCO - Arcos Dorados Holdings Inc. Add 0.84% 14,397 0.00
WFC.WS - Wells Fargo & Co. Add 0.18% 1,700 0.00
H - Hyatt Hotels Corp. Add 0.02% 100 0.00
EQC - Equity Commonwealth Buy 3,540,070 2.04
ZION - Zions Bancorp Buy 2,185,403 1.42
L - Loews Corp. Buy 1,058,399 0.99
TGT - Target Corp. Buy 560,468 0.79
RRX - Regal Rexnord Corp. Buy 407,190 0.59
AXE - Anixter International Inc. Buy 186,395 0.35
CLH - Clean Harbors Inc. Buy 114,083 0.14
HOY - Pinnacle Entertainment Inc. Buy 255,200 0.14
DHG - Deutsche Hi Inc Opp Fd Buy 393,556 0.13
UCP - UCP Inc. Buy 133,342 0.04
CCS - Century Communities Inc. Buy 82,874 0.03
FUR - Winthrop Realty Trust Buy 60,000 0.02
WCIC - WCI Communities Inc. Buy 57,102 0.02
NAVI - Navient Corp. Buy 20,000 0.01
PNC - PNC Financial Services Buy 4,271 0.01
WFC - Wells Fargo Buy 4,699 0.01
Q2 2014
EPAC - Actuant Corp. Add 69.82% 303,852 0.21
PB - Prosperity Bancshares Inc. Add 63.67% 207,179 0.26
SBSAA - Spanish Broadcasting Sys., Inc Add 57.55% 249,000 0.03
WY - Weyerhaeuser Co. Add 43.38% 2,836,186 1.93
SYNT - Syntel, Inc. Add 42.99% 136,855 0.24
TG - Tredegar Corp. Add 23.47% 137,162 0.07
IM - Ingram Micro Inc. Add 22.95% 118,708 0.07
NLOK - Symantec Corp Add 21.37% 458,389 0.21
EXLS - ExlService Holdings Inc. Add 20.55% 93,804 0.06
CBSH - Commerce Bancshares, Inc Add 19.75% 91,578 0.09
MDRX - Allscripts Healthcare Sol., Inc. Add 18.56% 317,075 0.10
CUB - Cubic, Corp. Add 12.52% 51,727 0.05
CKH - Seacor Holdings Inc. Add 10.99% 45,574 0.08
CSGS - CSG Systems International, Inc. Add 9.96% 102,454 0.06
ICFI - ICF International Inc. Add 7.20% 41,946 0.03
WKC - World Fuel Services Corp. Add 6.46% 50,079 0.05
CMA - Comerica Inc. Add 6.07% 146,307 0.15
DAR - Darling Ingredients Inc. Add 3.31% 44,174 0.02
FHY - First Trust Strategic Hi IncFd II Add 2.25% 4,141 0.00
PHH - PHH Corporation Add 2.11% 20,178 0.01
HYI - Western Asset Hi Yld Def Opp Fd Add 2.02% 10,124 0.00
HYB - New America Hi Inc Fd, Inc Add 1.98% 12,363 0.00
ARDC - Ares Dynamic Cr Allocation Fd, Inc. Add 1.93% 6,354 0.00
FSD - First Trust Hi Inc Long/Sht Fd Add 1.85% 11,040 0.00
BTZ - BlackRock Credit Allctn Inc Tr Add 1.78% 18,323 0.01
HYT - BlackRock Corp Hi Yld Fd III Inc Add 1.32% 4,385 0.00
RYN - Rayonier Inc. Add 1.27% 6,861 0.01
ERG1 - ERA Group Inc. Add 1.04% 5,340 0.00
LOW - Lowe's Cos. Add 0.25% 4,589 0.00
FR - First Industrial Realty Trust Inc. Add 0.21% 8,999 0.00
VNO - Vornado Realty Trust Add 0.21% 1,387 0.00
H - Hyatt Hotels Corp. Add 0.19% 899 0.00
WTM - White Mountains Insurance Add 0.04% 73 0.00
AGCO - AGCO Corp. Buy 1,006,478 1.16
PDCO - Patterson Companies Inc Buy 603,465 0.49
CTB - Cooper Tire & Rubber Co. Buy 660,100 0.41
ARCO - Arcos Dorados Holdings Inc. Buy 1,706,142 0.39
SMP - Standard Motor Products, Inc. Buy 367,674 0.34
HOUS - Realogy Holdings Corp. Buy 408,234 0.32
XJQCX - Nuveen Credit Strategies Inc Fd Buy 979,439 0.19
ALLY - Ally Financial Inc. Buy 139,500 0.07
FSTR - Foster (LB) Company Buy 58,326 0.06
AIG - American International Group Buy 10,000 0.01
ISLE - Isle of Capri Casinos Inc. Buy 438,455 0.00
Q1 2014
RYN - Rayonier Inc. Add 1,227.34% 500,263 0.47
TG - Tredegar Corp. Add 487.45% 484,885 0.23
TECK - Teck Resources Add 433.19% 292,693 0.13
HYI - Western Asset Hi Yld Def Opp Fd Add 131.49% 284,483 0.10
FCN - FTI Consulting Inc. Add 99.27% 482,795 0.33
HYB - New America Hi Inc Fd, Inc Add 52.60% 215,618 0.04
NHS - Neuberger Berman Hi Yld Strat. Fd Add 40.95% 146,600 0.04
APA - APA Corp. Add 35.37% 386,233 0.66
WKC - World Fuel Services Corp. Add 29.67% 177,415 0.16
ANVGQ - Allied Nevada Gold Add 29.11% 442,268 0.04
ECA - Encana Corp. Add 26.44% 967,892 0.42
UMBF - UMB Financial Corp. Add 26.08% 104,211 0.14
ERG1 - ERA Group Inc. Add 19.07% 82,400 0.05
PPS - Post Properties Inc. Add 17.01% 247,494 0.25
SXC - Suncoke Energy Inc. Add 16.55% 203,285 0.10
SBSAA - Spanish Broadcasting Sys., Inc Add 13.05% 49,951 0.01
MDRX - Allscripts Healthcare Sol., Inc. Add 11.28% 173,253 0.06
NLOK - Symantec Corp Add 9.07% 178,482 0.07
CSGS - CSG Sys. Int'l, Inc. Add 7.88% 75,084 0.04
DAR - Darling Ingredients Inc. Add 7.03% 87,621 0.04
BCOR - Blucora, Inc. Add 6.99% 50,616 0.02
Y - Alleghany Corp. Add 6.44% 13,630 0.11
CBSH - Commerce Bancshares, Inc. Add 6.10% 26,655 0.03
AXLL - Axiall Corporation Add 4.90% 58,295 0.05
MTX - Minerals Technologies Inc. Add 4.54% 28,251 0.04
FHY - First Trust Strategic Hi IncFd II Add 3.83% 6,791 0.00
CUB - Cubic, Corp. Add 3.77% 15,000 0.02
XEADX - Wells Fargo Adv Inc Opp Fd Add 3.73% 8,724 0.00
FSD - First Trust Hi Inc Long/Sht Fd Add 3.18% 18,439 0.01
RSTI - Rofin-Sinar Tech. Inc. Add 2.79% 47,391 0.02
BTZ - BlackRock Credit Allctn Inc Tr Add 2.49% 25,057 0.01
MANT - Mantech International Corp. Add 2.38% 20,067 0.01
LM - Legg Mason Inc. Add 2.21% 18,900 0.02
EXL - Excel Trust, Inc. Add 2.17% 22,585 0.01
ARDC - Ares Dynamic Cr Allocation Fd, Inc. Add 1.90% 6,128 0.00
PKX - Posco Add 1.25% 31,766 0.05
VLY - Valley National Bancorp Add 0.35% 4,788 0.00
INTC - Intel Corp. Add 0.12% 4,000 0.00
G - Genpact Ltd. Buy 2,149,998 0.77
LABL - Multi-Color Corp. Buy 826,659 0.59
PHH - PHH Corp. Buy 954,725 0.51
PB - Prosperity Bancshares Inc. Buy 325,374 0.44
EPAC - Actuant Corp. Buy 435,210 0.31
EXLS - ExlService Holdings Inc. Buy 456,479 0.29
VZ - Verizon Communications Buy 165,189 0.16
DNN - Denison Mines Corp. Buy 1,245,100 0.04
9TP - Texas Pacific Land Trust Buy 8,936 0.02
VOD - Vodafone Group Plc Buy 6,133 0.00
Q4 2013
HYI - Western Asset Hi Yld Def Opp Fd Add 647.52% 187,405 0.06
FSD - First Trust Hi Inc Long/Sht Fd Add 248.88% 413,430 0.14
ANVGQ - Allied Nevada Gold Add 167.41% 951,250 0.06
BTZ - BlackRock Credit Allctn Inc Tr Add 124.87% 558,723 0.14
DAR - Darling Ingredients Inc. Add 121.78% 684,860 0.28
PPS - Post Properties Inc. Add 109.23% 759,385 0.67
SIR - Select Income Add 100.00% 20,000 0.01
GM - General Motors Add 82.33% 100,000 0.08
NHS - Neuberger Berman Hi Yld Strat. Fd Add 56.24% 128,881 0.03
WLTGQ - Walter Energy, Inc. Add 56.05% 44,900 0.01
BIGGQ - Big Lots, Inc. Add 27.61% 123,412 0.08
FCN - FTI Consulting Inc. Add 27.41% 104,642 0.08
NSIT - Insight Enterprises, Inc. Add 23.31% 240,615 0.11
HYB - New America Hi Inc Fd, Inc Add 23.07% 76,837 0.01
FHY - First Trust Strategic Hi IncFd II Add 17.54% 26,448 0.01
SNY - Sanofi Aventis Add 16.45% 2,275 0.00
CUB - Cubic, Corp. Add 16.21% 55,506 0.06
SUSS - Susser Holdings Corp. Add 16.01% 74,257 0.10
SCL - Stepan Company Add 15.71% 83,791 0.11
BKD - Brookdale Senior Living Inc. Add 15.48% 254,820 0.14
EME - EMCOR Group, Inc. Add 12.71% 154,505 0.13
ECA - Encana Corp. Add 11.55% 379,214 0.13
MDRX - Allscripts Healthcare Sol., Inc. Add 11.25% 155,221 0.05
TTEK - Tetra Tech, Inc. Add 10.95% 140,211 0.08
CBSH - Commerce Bancshares, Inc Add 10.58% 41,792 0.04
EXL - Excel Trust, Inc. Add 10.36% 97,600 0.02
ERG1 - ERA Group Inc. Add 10.13% 39,760 0.02
CIF - MFS Intermediate Hi Inc Fd Add 9.22% 44,334 0.00
NVDA - NVIDIA Corp. Add 8.77% 286,079 0.09
NEM - Newmont Corp. Add 8.40% 73,441 0.03
RSTI - Rofin-Sinar Tech. Inc. Add 7.42% 117,458 0.06
SKT - Tanger Inc. Add 6.19% 86,299 0.05
HCZ - HCC Insurance Holdings Add 5.22% 61,303 0.06
CFR - Cullen Frost Bankers Add 4.90% 10,758 0.02
UMBF - UMB Financial Corp. Add 4.67% 17,849 0.02
KGC - Kinross Gold Corp. Add 3.90% 256,156 0.02
NLOK - Symantec Corp. Add 2.85% 54,475 0.02
BRSWQ - Bristow Group Inc. Add 2.69% 8,235 0.01
WTM - White Mountains Insurance Add 1.47% 3,994 0.05
CMA - Comerica Inc. Add 0.77% 18,421 0.02
EFII - Electronics for Imaging Inc. Add 0.62% 8,093 0.01
XEADX - Wells Fargo Adv Inc Opp Fd Add 0.52% 1,208 0.00
PDS - Precision Drilling Corp. Add 0.01% 260 0.00
TRCHW - Tejon Ranch Co. Add 0.00% 6 0.00
WY7 - Parkway Prop., Inc. Buy 2,914,821 1.09
LM - Legg Mason Inc. Buy 855,488 0.72
CSGS - CSG Sys. Int'l, Inc. Buy 953,215 0.55
SXC - Suncoke Energy Inc. Buy 1,228,631 0.55
WKC - World Fuel Services Corp Buy 597,994 0.50
IDCC - Interdigital Inc. Buy 781,611 0.45
VCA - VCA Antech Inc. Buy 636,712 0.39
AMH - American Homes 4 Rent Buy 880,720 0.28
MYGN - Myriad Genetics Buy 328,314 0.13
ARDC - Ares Dynamic Cr Allocation Fd, Inc. Buy 322,875 0.11
ABX - Barrick Gold Corp. Buy 249,447 0.09
HYT - BlackRock Corp Hi Yld Fd III Inc Buy 332,703 0.08
PCI - PIMCO Dynamic Credit Inc. Fd Buy 179,209 0.08
TG - Tredegar Corp. Buy 99,474 0.06
KWKAQ - Quicksilver Resources, Inc Buy 650,000 0.04
ARPI - American Res. Prop., Inc. Buy 100,000 0.03
RYN - Rayonier Inc. Buy 40,760 0.03
TECK - Teck Resources Buy 67,567 0.03
CTB - Cooper Tire & Rubber Co. Buy 40,000 0.02
Q3 2013
CVCO - Cavco Industries, Inc. Add 1,282.09% 1,867,370 2.18
CSWC - Capital Southwest Add 300.00% 170,529 0.12
SUSS - Susser Holdings Corp. Add 275.72% 340,444 0.37
IAG - IAMGOLD Corp. Add 205.71% 669,745 0.07
UMBF - UMB Financial Corp. Add 192.82% 251,414 0.28
BKD - Brookdale Senior Living Inc. Add 149.84% 987,272 0.53
ELD - Eldorado Gold Corporation Add 139.94% 175,900 0.02
AUY - Yamana Gold Inc. Add 126.12% 183,000 0.04
AXLL - Axiall Corporation Add 75.79% 514,417 0.40
PPS - Post Properties Inc. Add 64.46% 272,502 0.25
BIGGQ - Big Lots, Inc. Add 39.21% 125,910 0.10
TTEK - Tetra Tech, Inc. Add 38.14% 353,663 0.19
MDRX - Allscripts Healthcare Sol., Inc. Add 22.02% 249,107 0.08
CST - CST Brands, Inc Add 18.49% 77,252 0.05
EME - EMCOR Group, Inc. Add 15.00% 158,580 0.13
TFX - Teleflex Add 14.72% 71,565 0.12
SCL - Stepan Company Add 13.05% 61,545 0.07
AEO - American Eagle Outfitters Add 12.11% 66,765 0.02
VTGDF - Vantage Drilling Co. Add 12.00% 150,000 0.01
RSTI - Rofin-Sinar Tech. Inc. Add 11.28% 160,491 0.08
CMP - Compass Minerals Intl Add 11.16% 55,128 0.09
CALM - Cal-Maine Foods Inc. Add 8.79% 48,303 0.05
KALU - Kaiser Aluminum Corp. Add 8.06% 35,000 0.05
ECA - Encana Corp. Add 6.80% 209,095 0.07
KGC - Kinross Gold Corp. Add 6.57% 405,044 0.04
ALCO - Alico, Inc. Add 6.29% 20,346 0.02
JOSB - Jos A Bank Clothiers Inc. Add 5.86% 15,000 0.01
WY - Weyerhaeuser Co. Add 5.51% 429,903 0.25
ENS - EnerSys Add 5.38% 52,785 0.07
SNY - Sanofi Aventis Add 4.85% 640 0.00
PRGS - Progress Software Corp. Add 4.41% 75,800 0.04
BCOR - Blucora, Inc. Add 2.85% 20,150 0.01
SYNT - Syntel, Inc. Add 2.43% 7,585 0.01
NLOK - Symantec Corp. Add 2.14% 40,000 0.02
APA - APA Corp. Add 1.61% 17,649 0.03
ABM - ABM Industries Add 1.48% 15,175 0.01
WTM - White Mountains Insurance Add 1.33% 3,551 0.04
SXT - Sensient Technologies Corp. Add 1.16% 10,000 0.01
HCZ - HCC Insurance Holdings Add 0.45% 5,250 0.00
PDS - Precision Drilling Corp. Add 0.19% 5,400 0.00
CKH - Seacor Holdings Inc. Add 0.09% 550 0.00
TPGI - Thomas Properties Gp Inc. Add 0.05% 3,700 0.00
VNO - Vornado Realty Trust Add 0.04% 250 0.00
CUB - Cubic, Corp. Add 0.03% 100 0.00
LXU - LSB Industries Inc. Add 0.02% 200 0.00
Y - Alleghany Corp. Buy 242,104 2.03
SKT - Tanger Inc. Buy 1,394,811 0.93
NSIT - Insight Enterprises, Inc. Buy 1,032,290 0.40
FCN - FTI Consulting Inc. Buy 381,698 0.30
BTZ - BlackRock Credit Allctn Income Tr Buy 447,448 0.12
MHY - Western Asset Mgd Hi Inc Fd Buy 669,372 0.08
FSD - First Trust Hi Inc Long/Short Fd Buy 166,114 0.06
HYB - New America High Inc Fd, Inc Buy 333,065 0.06
NHS - Neuberger Berman Hi Yld Strat. Fd Buy 229,145 0.06
ANVGQ - Allied Nevada Gold Buy 568,205 0.05
CYE - BlackRock Corp Hi Yld Fd III Inc Buy 314,366 0.05
FHY - First Trust Strategic Hi IncFd II Buy 150,793 0.05
XEADX - Wells Fargo Adv Inc Opp Fd Buy 232,918 0.04
CIF - MFS Intermediate Hi Inc Fd Buy 480,650 0.03
XHISX - BlackRock High Income Shares Buy 799,788 0.03
HIO - Western Asset Hi Inc Opp Fd Buy 179,449 0.02
TRCHW - Tejon Ranch Co. Buy 372,073 0.02
WLTGQ - Walter Energy, Inc. Buy 80,100 0.02
BPY - Brookfield Property Part. L.P Buy 26,692 0.01
EFF - Eaton Vance Fltg-Rate Inc Plus Fd Buy 30,551 0.01
HYI - Western Asset Hi Yld Def Opp Fd Buy 28,942 0.01
CFFN - Capitol Federal Fincl, Inc. Buy 14,075 0.00
Q2 2013
INTC - Intel Corp. Add 799.33% 3,077,434 1.57
FPO - First Potomac Realty Trust Add 785.70% 348,065 0.10
TLAB - Tellabs, Inc. Add 766.81% 32,300,359 1.35
KEY - KeyCorp Add 593.99% 17,543,270 4.08
FCYA - Forest City Enterprises Inc. Add 506.83% 8,782,418 3.32
DVN - Devon Energy Corp. Add 214.57% 2,649,198 2.90
CMA - Comerica Inc. Add 209.23% 1,670,596 1.41
RFP - Resolute Forest Prod., Inc. Add 157.97% 193,195 0.06
SCL - Stepan Company Add 133.86% 270,034 0.31
NEM - Newmont Corp. Add 92.86% 449,952 0.28
KGC - Kinross Gold Corp. Add 62.54% 2,371,784 0.25
MTX - Minerals Technologies Inc. Add 56.82% 242,991 0.21
LXU - LSB Industries Inc. Add 46.50% 355,628 0.23
ACGL - Arch Capital Group Ltd. Add 45.96% 244,903 0.26
ALCO - Alico, Inc. Add 45.45% 101,101 0.08
PRGS - Progress Software Corp. Add 42.85% 515,803 0.25
PLD - Prologis Inc. Add 32.93% 2,200 0.00
EME - EMCOR Group, Inc. Add 29.49% 240,694 0.21
NLOK - Symantec Corp Add 23.30% 353,830 0.17
WY - Weyerhaeuser Co. Add 22.60% 1,437,542 0.86
ICFI - ICF International Inc. Add 19.27% 235,564 0.16
KIM - Kimco Realty Corp Add 14.01% 3,200 0.00
NLY - Annaly Capital Mgmt, Inc. Add 13.92% 1,615 0.00
JAKK - Jakks Pacific, Inc. Add 12.69% 137,729 0.03
FR - First Industrial Realty Trust Inc. Add 11.83% 458,595 0.15
SXT - Sensient Technologies Corp. Add 11.22% 86,741 0.07
KMT - Kennametal Inc. Add 11.07% 112,098 0.09
CMP - Compass Minerals Int'l Add 8.35% 38,063 0.07
CTO - CTO Realty Growth Inc. Add 5.10% 26,375 0.02
WIRE - Encore Wire Corp. Add 5.06% 35,976 0.03
RSTI - Rofin-Sinar Tech. Inc. Add 3.89% 53,288 0.03
KELYA - Kelly Services Inc. Add 3.38% 9,300 0.00
ESIO - Electro Scientific Ind., Inc. Add 1.00% 15,929 0.00
VNO - Vornado Realty Trust Add 0.02% 156 0.00
WTM - White Mountains Insurance Buy 267,273 3.24
AMAT - Applied Materials Buy 8,858,678 2.79
APA - APA Corp. Buy 1,094,112 1.94
LOW - Lowe's Cos. Buy 1,846,350 1.59
HCZ - HCC Insurance Holdings Buy 1,168,126 1.06
ENS - EnerSys Buy 981,376 1.02
LM0 - Liberty Media Corp. Buy 373,544 1.00
NVDA - NVIDIA Corp. Buy 3,265,316 0.97
HAR - Harman Int'l Indus., Inc. Buy 759,611 0.87
CLDPQ - Cloud Peak Energy Inc. Buy 2,145,271 0.75
AXLL - Axiall Corporation Buy 678,772 0.61
CALM - Cal-Maine Foods Inc. Buy 549,729 0.54
ABM - ABM Industries Buy 1,026,623 0.53
PDS - Precision Drilling Corp. Buy 2,827,428 0.51
CYN - City National Corp. Buy 363,897 0.49
CBSH - Commerce Bancshares, Inc Buy 525,491 0.48
BR - Broadridge Financial Solutions, Inc. Buy 822,683 0.46
TTEK - Tetra Tech, Inc. Buy 927,198 0.46
ASNAEUR - Ascena Retail Group, Inc. Buy 1,211,739 0.45
PPS - Post Properties Inc. Buy 422,734 0.44
H - Hyatt Hotels Corp. Buy 491,399 0.42
CFR - Cullen Frost Bankers Buy 292,727 0.41
PNC.WS - PNC Financial Serv. Gp Buy 1,289,241 0.41
SYNT - Syntel, Inc. Buy 311,690 0.41
BKD - Brookdale Senior Living Inc. Buy 658,866 0.37
CUB - Cubic, Corp. Buy 342,405 0.35
WW - Weight Watchers Int'l Buy 360,000 0.35
MDRX - Allscripts Healthcare Sol., Inc. Buy 1,131,137 0.31
ORB - Orbital Sciences Corp. Buy 780,935 0.29
VLY - Valley National Bancorp Buy 1,462,501 0.29
BCOR - Blucora, Inc. Buy 706,170 0.28
CST - CST Brands, Inc Buy 417,915 0.27
WFC.WS - Wells Fargo & Co. Buy 941,975 0.27
HY - Hyster-Yale Mat. Hand., Inc. Buy 186,123 0.25
CASS - Cass Information Sys., Inc. Buy 248,574 0.24
ERG1 - ERA Group Inc. Buy 392,393 0.22
JOSB - Jos A Bank Clothiers Inc. Buy 256,062 0.22
BIGGQ - Big Lots, Inc. Buy 321,143 0.21
PESXQ - Pioneer Energy Serv. Corp Buy 1,520,195 0.21
STRZA - Starz- Liberty Capital Buy 436,434 0.20
CSWC - Capital Southwest Buy 56,843 0.17
UMBF - UMB Financial Corp. Buy 130,386 0.15
SF6 - Stanley Furniture Co., Inc. Buy 1,641,716 0.14
SUSS - Susser Holdings Corp. Buy 123,475 0.12
KE6 - Kearny Financial Corp. Buy 457,278 0.10
CQB - Chiquita Brands Int'l Inc. Buy 244,155 0.06
AKS - AK Steel Corporation Buy 711,375 0.05
CHKEUR - Chesapeake Energy Buy 100,000 0.04
CMA.WS - Comerica Inc. Buy 130,000 0.04
ALX - Alexander's Inc. Buy 5,000 0.03
AUY - Yamana Gold Inc Buy 145,100 0.03
IAG - IAMGOLD Corporation Buy 325,570 0.03
SBSAA - Spanish Broadcasting Sys., Inc Buy 382,686 0.03
ELD - Eldorado Gold Corp. Buy 125,700 0.02
TDW - Tidewater Inc. Buy 14,000 0.02
COF.WS - Capital One Financial Buy 15,000 0.01
CVE - Cenovus Energy Inc. Buy 19,200 0.01
SIR - Select Income REIT Buy 20,000 0.01
FNFG - First Niagara Fin'l Gp, Inc. Buy 10,275 0.00
Q2 2012
VTGDF - Vantage Drilling Co. Add 257.14% 900,000 0.00
DVN - Devon Energy Corp. Add 84.69% 566,160 0.00
KGC - Kinross Gold Corp. Add 30.58% 888,000 0.00
JAKK - Jakks Pacific, Inc. Add 25.15% 218,080 0.00
EXL - Excel Trust, Inc. Add 20.69% 170,105 0.00
UNF - UniFirst Corp. Add 20.04% 85,765 0.00
EME - EMCOR Group, Inc. Add 19.14% 131,101 0.00
ESIO - Electro Scientific Industries, Inc. Add 18.92% 252,798 0.00
CMP - Compass Minerals Int'l Add 17.64% 68,364 0.00
ICFI - ICF International Inc. Add 15.62% 165,124 0.00
SCL - Stepan Company Add 12.70% 22,740 0.00
PKE - Park Electrochemical Corporation Add 12.24% 65,438 0.00
XEC-OLD - Cimarex Energy Co. Add 12.06% 16,382 0.00
JJSF - J&J Snack Foods Corporation Add 11.44% 32,402 0.00
AVX - AVX Corporation Add 8.98% 329,438 0.00
IM - Ingram Micro Inc. CL A Add 8.11% 267,240 0.00
OSK - Oshkosh Corp. Add 8.09% 137,975 0.00
SXT - Sensient Technologies Corp. Add 7.39% 53,180 0.00
BELFB - Bel Fuse Inc. CL B Add 7.05% 83,187 0.00
CKH - Seacor Holdings Inc. Add 7.05% 43,094 0.00
BRSWQ - Bristow Group Inc. Add 6.77% 94,105 0.00
WIRE - Encore Wire Corporation Add 6.20% 41,492 0.00
MANT - Mantech International Corp. Add 5.17% 75,920 0.00
TFX - Teleflex Add 4.86% 39,770 0.00
SEMG - SemGroup Corporation Add 2.02% 29,925 0.00
ACGL - Arch Capital Group Ltd. Add 1.15% 6,075 0.00
HAE - Haemonetics Corporation Add 0.92% 3,050 0.00
NEM - Newmont Corp. Add 0.09% 435 0.00
CMA - Comerica Inc. Buy 798,460 0.00
DAR - Darling Ingredients Inc. Buy 729,157 0.00
DLPH - Delphi Automotive plc Buy 66,316 0.00
KELYA - Kelly Services Inc. CL A Buy 275,000 0.00
KMT - Kennametal Inc. Buy 1,012,480 0.00
LXU - LSB Industries Inc. Buy 764,850 0.00
NLOK - Symantec Corp Buy 1,518,500 0.00
PRGS - Progress Software Corporation Buy 1,203,734 0.00
RFP - Resolute Forest Products, Inc. COM Buy 122,300 0.00
RSTI - Rofin-Sinar Technologies Inc. Buy 1,370,103 0.00
Q1 2012
JJSF - J&J Snack Foods Corporation Add 559.01% 240,326 0.36
CMP - Compass Minerals Int'l Add 385.22% 307,697 0.64
SXT - Sensient Technologies Corp. Add 49.10% 237,085 0.26
TFX - Teleflex Add 28.54% 181,800 0.32
UNF - UniFirst Corp. Add 25.45% 86,850 0.15
SNY - Sanofi Aventis Add 20.16% 3,055 0.00
SEMG - SemGroup Corporation Add 17.55% 220,675 0.18
MANT - Mantech International Corp. Add 16.58% 208,949 0.21
EME - EMCOR Group, Inc. Add 16.42% 96,649 0.08
ICFI - ICF International Inc. Add 14.56% 134,355 0.10
HAE - Haemonetics Corporation Add 11.38% 33,687 0.07
CKH - Seacor Holdings Inc. Add 10.84% 59,771 0.16
LXK - Lexmark International Inc. CL A Add 9.31% 126,640 0.12
MTN - Vail Resorts Inc. Add 8.08% 111,645 0.14
EXL - Excel Trust, Inc. Add 6.55% 50,564 0.02
KEY - KeyCorp Add 6.42% 909,185 0.22
IM - Ingram Micro Inc. CL A Add 5.90% 183,457 0.10
KGC - Kinross Gold Corp. Add 3.01% 84,983 0.02
ESIO - Electro Scientific Industries, InCOM Add 2.45% 32,000 0.01
ACGL - Arch Capital Group Ltd. Add 0.04% 200 0.00
BELFB - Bel Fuse Inc. CL B Add 0.02% 250 0.00
DVN - Devon Energy Corp. Buy 668,505 1.36
SCL - Stepan Company Buy 178,993 0.45
VTGDF - Vantage Drilling Co. Buy 350,000 0.02
Q4 2011
HAE - Haemonetics Corporation Add 1,017.81% 269,639 0.51
SXT - Sensient Technologies Corp. Add 64.33% 189,022 0.22
GGP* - General Growth Properties, Inc. Add 42.91% 534,720 0.25
SEMG - SemGroup Corporation CL A Add 33.39% 314,719 0.25
ESIO - Electro Scientific Industries, Inc. Add 29.26% 295,204 0.13
TRNO - Terreno Realty Corp. Add 25.86% 64,900 0.03
MTX - Minerals Technologies Inc. Add 20.42% 97,358 0.17
FR - First Industrial Realty Trust Inc. Add 19.46% 631,463 0.20
EFII - Electronics for Imaging Inc. Add 15.99% 349,385 0.15
MANT - Mantech International Corp. Add 15.17% 165,969 0.16
CDR - Cedar Shopping Centers Add 14.84% 69,000 0.01
CKH - Seacor Holdings Inc. Add 14.78% 71,020 0.19
WLK - Westlake Corp. Add 14.60% 82,940 0.10
XEC-OLD - Cimarex Energy Co. Add 14.48% 20,100 0.04
TFX - Teleflex Add 11.29% 64,594 0.12
IM - Ingram Micro Inc. CL A Add 9.41% 267,524 0.15
MTN - Vail Resorts Inc. Add 6.05% 78,880 0.10
EXL - Excel Trust, Inc. Add 1.59% 12,097 0.00
SSUP - Superior Industries Int'l, Inc. Add 1.49% 35,530 0.02
LEN - Lennar Corp. Add 0.28% 6,800 0.00
TRH - Transatlantic Holdings Inc. Buy 344,029 0.58
EME - EMCOR Group, Inc. Buy 588,431 0.48
SPY - SPDR S&P 500 ETF Trust Buy 50,260 0.19
CMP - Compass Minerals Int'l Buy 79,876 0.17
JJSF - J&J Snack Foods Corporation Buy 42,991 0.07
JOE - St. Joe Co. Buy 15,900 0.01
Q3 2011
RYL - Ryland Group Inc. Add 1,177.31% 787,622 0.26
XEC-OLD - Cimarex Energy Co. Add 489.78% 115,250 0.20
TFX - Teleflex Add 340.98% 442,531 0.73
EXL - Excel Trust, Inc. Add 105.44% 389,805 0.11
MTX - Minerals Technologies Inc. Add 76.51% 206,686 0.31
TRNO - Terreno Realty Corp. Add 67.33% 100,990 0.04
IRS - Irsa Sp ADR Add 63.14% 32,050 0.01
GM - General Motors Add 63.04% 147,500 0.09
OSK - Oshkosh Corp. Add 48.28% 611,993 0.30
CKH - Seacor Holdings Inc. Add 32.09% 116,712 0.29
MTN - Vail Resorts Inc. Add 23.05% 244,218 0.28
TLAB - Tellabs, Inc. Add 22.73% 4,729,088 0.62
ICFI - ICF International Inc. Add 22.38% 184,183 0.11
MANT - Mantech International Corp. Add 14.55% 139,019 0.13
KALU - Kaiser Aluminum Corp. Add 14.54% 118,479 0.16
SSUP - Superior Industries Int'l, Inc. Add 14.17% 295,683 0.14
PKE - Park Electrochemical Corporation Add 9.10% 96,097 0.06
WY - Weyerhaeuser Co. Add 8.62% 560,508 0.27
CVCO - Cavco Industries, Inc. Add 8.56% 71,155 0.07
BRSWQ - Bristow Group Inc. Add 6.31% 98,924 0.13
IM - Ingram Micro Inc. CL A Add 6.16% 164,900 0.08
ACGL - Arch Capital Group Ltd. Add 5.37% 50,300 0.05
BELFB - Bel Fuse Inc. CL B Add 5.04% 60,759 0.03
LXK - Lexmark International Inc. CL A Add 4.48% 58,566 0.05
KGC - Kinross Gold Corp. Add 4.27% 172,500 0.08
KEY - KeyCorp Add 3.71% 512,495 0.09
FCYA - Forest City Enterprises Inc. CL A Add 3.21% 621,398 0.20
BNY - Bank of New York Mellon Corp. Add 2.83% 277,985 0.16
ECA - Encana Corporation Add 2.73% 131,774 0.08
ALG - Alamo Group Inc. Add 2.41% 19,095 0.01
WLK - Westlake Corp. Add 2.02% 11,225 0.01
NLY - Annaly Capital Mgmt, Inc. Add 1.93% 11,600 0.01
WHG - Westwood Holdings Group Inc. Add 1.29% 6,900 0.01
TPGI - Thomas Properties Group Inc. Add 1.11% 84,500 0.01
FR - First Industrial Realty Trust Inc. Add 1.01% 32,375 0.01
ITG - Investment Technology Group Add 0.73% 30,958 0.01
PKX - Posco Add 0.46% 20,150 0.05
LEN - Lennar Corp. Add 0.45% 10,900 0.00
AEO - American Eagle Outfitters Buy 1,844,457 0.66
SEMG - SemGroup Corporation Buy 942,632 0.58
GGP* - General Growth Properties, Inc. Buy 1,246,134 0.46
SXT - Sensient Technologies Corp. Buy 293,854 0.29
AO5 - Aeropostale Inc. Buy 726,950 0.24
HAE - Haemonetics Corporation Buy 26,492 0.05
CDR - Cedar Shopping Centers Buy 465,000 0.04
FPO - First Potomac Realty Trust Buy 44,300 0.02
KIM - Kimco Realty Corp Buy 22,845 0.01
PLD - Prologis Inc. Buy 14,180 0.01
CMLS - Cumulus Media Inc. Buy 38,025 0.00
CMO - Capstead Mortgage Corporation COM NO PAR Buy 12,500 0.00
Q2 2011
EXL - Excel Trust, Inc. Add 2,912.70% 357,417 0.10
ACGL - Arch Capital Group Ltd. Add 317.68% 712,844 0.55
UNF - UniFirst Corp. Add 176.90% 218,616 0.29
CKH - Seacor Holdings Inc. Add 175.07% 231,473 0.56
MANT - Mantech International Corp. Add 112.00% 504,668 0.54
MTX - Minerals Technologies Inc. Add 98.79% 134,254 0.21
HAJ1 - HKN Inc. Add 74.80% 35,515 0.00
TRNO - Terreno Realty Corp. Add 50.00% 50,000 0.02
MTN - Vail Resorts Inc. Add 48.04% 343,780 0.38
KGC - Kinross Gold Corp. Add 45.08% 1,254,493 0.48
GM - General Motors Add 40.38% 67,300 0.05
KALU - Kaiser Aluminum Corp. Add 39.84% 232,180 0.31
LXK - Lexmark International Inc. CL A Add 29.31% 296,072 0.21
JAKK - Jakks Pacific, Inc. Add 21.40% 278,809 0.12
BELFB - Bel Fuse Inc. CL B Add 17.14% 176,258 0.09
SNPS - Synopsys Inc. Add 13.88% 170,700 0.11
IM - Ingram Micro Inc. CL A Add 8.22% 203,300 0.09
KEY - KeyCorp Add 5.69% 743,245 0.15
TLAB - Tellabs, Inc. Add 5.44% 1,073,222 0.12
BRSWQ - Bristow Group Inc. Add 3.94% 59,417 0.07
ALG - Alamo Group Inc. Add 1.23% 9,606 0.01
WHG - Westwood Holdings Group Inc. Add 1.19% 6,265 0.01
WY - Weyerhaeuser Co. Add 0.89% 57,639 0.03
PKX - Posco Add 0.12% 5,200 0.01
ALCO - Alico, Inc. Add 0.11% 300 0.00
OSK - Oshkosh Corp. Buy 1,267,685 0.89
ICFI - ICF International Inc. Buy 822,818 0.50
AIG - American International Group Buy 383,000 0.27
TFX - Teleflex Buy 129,781 0.19
Q1 2011
KGC - Kinross Gold Corp. Add 151.78% 1,677,748 0.58
TRNO - Terreno Realty Corp. Add 100.00% 50,000 0.02
FR - First Industrial Realty Trust Inc. Add 74.09% 1,380,000 0.36
IRS - Irsa Sp ADR Add 56.01% 30,485 0.01
ACGL - Arch Capital Group Ltd. Add 17.35% 33,170 0.07
TLAB - Tellabs, Inc. Add 15.95% 2,714,329 0.31
ECA - Encana Corp. Add 12.95% 559,320 0.35
IM - Ingram Micro Inc. CL A Add 5.66% 132,600 0.06
JAKK - Jakks Pacific, Inc. Add 5.65% 69,627 0.03
LXK - Lexmark International Inc. CL A Add 2.37% 23,420 0.02
GGP* - General Growth Properties, Inc. Add 2.14% 392 0.00
KEY - KeyCorp Add 0.31% 40,100 0.01
WHG - Westwood Holdings Group Inc. Add 0.25% 1,315 0.00
ALCO - Alico, Inc. Add 0.23% 600 0.00
BELFB - Bel Fuse Inc. CL B Add 0.18% 1,800 0.00
KALU - Kaiser Aluminum Corp. Add 0.17% 1,000 0.00
SNPS - Synopsys Inc. Add 0.16% 2,000 0.00
PKX - Posco Add 0.14% 6,000 0.02
UNF - UniFirst Corp. Add 0.12% 150 0.00
KSWS - K-Swiss Inc. CL A Add 0.07% 2,600 0.00
MANT - Mantech International Corp. Buy 450,606 0.42
CKH - Seacor Holdings Inc. Buy 132,217 0.27
NLY - Annaly Capital Management, Inc. Buy 614,304 0.24
MTX - Minerals Technologies Inc. Buy 135,900 0.20
BKU - Bank United Co. Buy 20,000 0.01
PSB - PS Business Parks, Inc. Buy 6,100 0.01
EXL - Excel Trust, Inc. Buy 12,271 0.00
Q4 2010
TRNO - Terreno Realty Corp. Add 100.00% 25,000 0.01
KGC - Kinross Gold Corp. Add 92.08% 529,882 0.22
ICO - International Coal Group Inc. Add 30.96% 202,600 0.04
LEN - Lennar Corp. Add 28.37% 541,569 0.22
WY - Weyerhaeuser Co. Add 12.28% 712,140 0.30
IM - Ingram Micro Inc. CL A Add 7.61% 165,641 0.07
FR - First Industrial Realty Trust Inc. Add 6.95% 121,033 0.02
SNY - Sanofi Aventis Add 5.49% 1,565 0.00
LXK - Lexmark International Inc. CL A Add 5.42% 50,700 0.04
TLAB - Tellabs, Inc. Add 0.75% 126,350 0.02
BRNC - Bronco Drilling Co. Inc. Add 0.32% 20,000 0.00
PKX - Posco ADR Add 0.17% 7,500 0.02
UNF - UniFirst Corp. Add 0.13% 161 0.00
ACGL - Arch Capital Group Ltd. Add 0.10% 200 0.00
TRC - Tejon Ranch Co. Add 0.00% 112 0.00
GM - General Motors Buy 375,000 0.30
DNN - Denison Mines Corp. Buy 1,838,700 0.14
RYL - Ryland Group Inc. Buy 66,900 0.03
GGP* - General Growth Properties, Inc. Buy 18,312 0.01
Q3 2010
WY - Weyerhaeuser Co. Add 237.88% 4,083,744 1.50
IRS - Irsa Sp ADR Add 180.40% 35,018 0.01
LEN - Lennar Corp. Add 111.43% 1,006,000 0.36
WL - Wilmington Trust Corp. Add 107.93% 1,243,084 0.26
UNF - UniFirst Corp. Add 104.45% 62,977 0.07
SNY - Sanofi Aventis Add 51.73% 9,725 0.01
IM - Ingram Micro Inc. CL A Add 46.44% 690,153 0.27
ICO - International Coal Group Inc. Add 18.04% 100,000 0.01
NEM - Newmont Corp. Add 13.63% 104,407 0.15
BRNC - Bronco Drilling Co. Inc. Add 12.45% 700,916 0.07
WHG - Westwood Holdings Group Inc. Add 7.19% 35,717 0.03
ECA - Encana Corp. Add 6.13% 278,458 0.20
ITG - Investment Technology Group Add 2.68% 115,640 0.04
BIP - Brookfield Infrastructure Partners LP INT UNIT Add 1.89% 8,000 0.00
CTO - CTO Realty Growth Inc. Add 1.54% 8,000 0.01
XEC-OLD - Cimarex Energy Co. Add 0.91% 19,825 0.03
KEY - KeyCorp Add 0.86% 111,725 0.02
SKY - Skyline Champion Corp. Add 0.43% 6,083 0.00
BNY - Bank of New York Mellon Corp. Add 0.34% 33,310 0.02
TRC - Tejon Ranch Co. Add 0.19% 9,904 0.01
ACGL - Arch Capital Group Ltd. Add 0.10% 200 0.00
BELFB - Bel Fuse Inc. CL B Add 0.07% 700 0.00
WIRE - Encore Wire Corp. Add 0.03% 700 0.00
KGC - Kinross Gold Corp. Buy 575,476 0.25
FR - First Industrial Realty Trust Inc. Buy 1,741,600 0.21
FURX - Furiex Parmaceuticals Buy 38,789 0.01
TRNO - Terreno Realty Corp. Buy 25,000 0.01
NLY - Annaly Capital Management, Inc. Buy 11,540 0.00
Q2 2010
IM - Ingram Micro Inc. CL A Add 99.62% 741,600 0.29
WY - Weyerhaeuser Co. Add 41.76% 505,707 0.46
8394653Q - Prologis Trust SH BEN INT Add 32.47% 499,908 0.13
WL - Wilmington Trust Corp. Add 22.85% 214,193 0.06
SCMR - Sycamore Networks, Inc. Add 22.59% 1,296,201 0.56
ECA - Encana Corporation Total Add 13.97% 557,375 0.44
ITG - Investment Technology Group Add 5.82% 237,085 0.10
EFII - Electronics for Imaging Inc. Add 4.10% 163,782 0.04
TRC - Tejon Ranch Co. Add 3.76% 184,690 0.11
CCRN - Cross Country Healthcare, Inc. Add 0.65% 41,490 0.01
WHG - Westwood Holdings Group Inc. Add 0.61% 3,000 0.00
GWR - Genesee & Wyoming Inc. CL A Add 0.28% 250 0.00
KALU - Kaiser Aluminum Corp. Add 0.20% 1,700 0.00
BNY - Bank of New York Mellon Corp. Add 0.18% 17,438 0.01
PKX - Posco Add 0.14% 6,008 0.01
LEN - Lennar Corp. Buy 902,800 0.33
JNC - Nuveen Investments, Inc., CL A CL A Buy 2,925,000 0.08
UNF - UniFirst Corp. Buy 60,295 0.07
ICO - International Coal Group Inc. Buy 554,461 0.06
IRS - Irsa Sp ADR Buy 19,411 0.01
SNY - Sanofi Aventis Buy 18,800 0.01
Q1 2010
IM - Ingram Micro Inc. CL A Add 47.27% 238,944 0.09
WY - Weyerhaeuser Co. Add 23.30% 228,836 0.22
KEY - KeyCorp Add 20.10% 2,205,040 0.36
NAL - NewAlliance Bancshares, Inc. Add 12.92% 58,700 0.02
ECA - Encana Corporation Total Add 11.88% 423,423 0.28
SCMR - Sycamore Networks, Inc. Total Add 8.48% 448,762 0.19
CTO - CTO Realty Growth Inc. Add 2.69% 13,718 0.01
WLK - Westlake Corp. Add 2.31% 40,706 0.02
PPDI - Pharmaceutical Product Dev. Inc. Add 1.77% 56,350 0.03
ITG - Investment Technology Group Add 0.75% 30,355 0.01
SKY - Skyline Champion Corp. Add 0.74% 10,500 0.00
NBR - Nabors Industries Ltd. Add 0.50% 60,000 0.02
PKX - Posco ADR Total Add 0.37% 16,000 0.04
WHG - Westwood Holdings Group Inc. Add 0.30% 1,500 0.00
CCRN - Cross Country Healthcare, Inc. Add 0.20% 12,684 0.00
ALCO - Alico, Inc. Add 0.19% 500 0.00
KALU - Kaiser Aluminum Corp. Add 0.18% 1,500 0.00
ACGL - Arch Capital Group Ltd. Add 0.14% 406 0.00
SNPS - Synopsys Inc. Add 0.14% 2,980 0.00
JAKK - Jakks Pacific, Inc. Add 0.12% 1,975 0.00
PKE - Park Electrochemical Corporation Add 0.09% 1,320 0.00
WIRE - Encore Wire Corporation Add 0.09% 2,000 0.00
BRNC - Bronco Drilling Co. Inc. Add 0.06% 3,100 0.00
HRLY - Herley Industries, Inc. Add 0.04% 500 0.00
CIT - CIT Group Inc. Buy 398,327 0.33
WL - Wilmington Trust Corp. Buy 937,592 0.33
Q4 2009
TPGI - Thomas Properties Group Inc. Add 182.62% 5,151,200 0.33
8394653Q - Prologis Trust SH BEN INT Add 47.00% 516,100 0.15
ITG - Investment Technology Group Add 20.78% 696,016 0.30
ECA - Encana Corporation Add 17.91% 541,460 0.38
WY - Weyerhaeuser Co. Add 11.86% 104,149 0.10
MRH - Montpelier Re Holdings Ltd. Add 10.58% 471,025 0.18
JAKK - Jakks Pacific, Inc. Add 8.23% 123,400 0.03
BNY - Bank of New York Mellon Corp. Add 7.01% 652,650 0.39
TLAB - Tellabs, Inc. Add 2.23% 538,750 0.07
CVCO - Cavco Industries, Inc. Add 1.55% 12,684 0.01
KSWS - K-Swiss Inc. CL A Add 1.37% 60,671 0.01
SKY - Skyline Champion Corp. Add 1.07% 14,985 0.01
WHG - Westwood Holdings Group Inc. Add 0.99% 4,800 0.00
MDC - MDC Holdings Inc. Add 0.83% 13,425 0.01
AVX - AVX Corporation Add 0.76% 97,938 0.03
VNO - Vornado Realty Trust Add 0.59% 5,343 0.01
CCRN - Cross Country Healthcare, Inc. Add 0.47% 29,570 0.01
JOE - St. Joe Co. Add 0.30% 6,882 0.00
TRC - Tejon Ranch Co. Add 0.20% 9,896 0.01
BAM.A - Brookfield Asset Mgmt. CL A LTD VT SH Add 0.19% 40,544 0.02
NBR - Nabors Industries Ltd. Add 0.12% 15,000 0.01
KEY - KeyCorp Buy 10,970,000 1.32
Q3 2009
PPDI - Pharmaceutical Product Development Add 9.88% 328,217 0.15
LXK - Lexmark International Inc. CL A Add 5.82% 105,130 0.05
ITG - Investment Technology Group Add 2.99% 97,237 0.06
ECA - Encana Corporation Add 2.83% 83,246 0.10
CCRN - Cross Country Healthcare, Inc. Add 2.52% 155,700 0.03
BNY - Bank of New York Mellon Corp. Add 1.59% 145,900 0.09
WY - Weyerhaeuser Co. Add 0.38% 3,289 0.00
CVA - Covanta Holding Corporation Add 0.27% 25,000 0.01
NBR - Nabors Industries Ltd. Add 0.21% 25,000 0.01
KALU - Kaiser Aluminum Corp. Add 0.04% 300 0.00
KSWS - K-Swiss Inc., CL A Add 0.04% 1,666 0.00
ALCO - Alico, Inc. Add 0.03% 73 0.00
JAKK - Jakks Pacific, Inc. Add 0.02% 305 0.00
SNPS - Synopsys Inc. Add 0.02% 450 0.00
BELFB - Bel Fuse Inc. CL B Add 0.01% 150 0.00
PKE - Park Electrochemical Corporation Add 0.01% 200 0.00
KIDBQ - Kid Brands, Inc. Buy 311,837 0.04
Q2 2009
WY - Weyerhaeuser Co. Add 2,180.69% 836,404 0.66
PPDI - Pharmaceutical Product Dev. Inc. Add 306.33% 2,503,368 1.52
JAKK - Jakks Pacific, Inc. Add 24.17% 291,620 0.10
FCYA - Forest City Enterprises Inc. CL A Add 21.49% 4,887,696 0.84
ITG - Investment Technology Group Add 18.67% 511,783 0.27
AKR - NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MNGRS SOLE SHARED NONE Acadia Realty Trust COM SH BEN INT Add 9.68% 5,799 0.00
VNO - Vornado Realty Trust Add 7.11% 60,079 0.07
TPGI - Thomas Properties Group Inc. Add 6.76% 184,594 0.01
KIM - Kimco Realty Corp Add 6.04% 98,700 0.03
CCRN - Cross Country Healthcare, Inc. Add 4.43% 262,507 0.05
BPO - Brookfield Properties Add 2.59% 5,000 0.00
SCMR - Sycamore Networks, Inc. Add 2.00% 894,770 0.07
CVA - Covanta Holding Corporation Add 0.43% 40,000 0.02
NBR - Nabors Industries Ltd. Add 0.42% 50,000 0.02
TRC - Tejon Ranch Co. Add 0.35% 17,394 0.01
PKX - Posco ADR Add 0.33% 14,725 0.03
ALCO - Alico, Inc. Add 0.03% 77 0.00
BELFB - Bel Fuse Inc. CL B Add 0.02% 220 0.00
KALU - Kaiser Aluminum Corp. Add 0.02% 200 0.00
Q1 2009
PKX - Posco ADR Buy 4,399,504 8.87
BAM.A - Brookfield Asset Mgmt. CL A CL A Buy 21,308,240 8.86
BNY - Bank of New York Mellon Corp. Buy 9,379,811 7.99
TLAB - Tellabs, Inc. Buy 31,816,993 4.40
XEC-OLD - Cimarex Energy Co. Buy 7,669,005 4.25
AVX - AVX Corporation Buy 13,541,843 3.71
ECA - Encana Corporation Buy 2,985,694 3.66
CVA - Covanta Holding Corporation Buy 9,196,289 3.63
NBR - Nabors Industries Ltd. Buy 12,018,000 3.62
SCMR - Sycamore Networks, Inc. Buy 44,790,880 3.61
TRC - Tejon Ranch Co. Buy 4,930,414 3.07
MBI - MBIA Inc. Buy 20,193,337 2.79
FCYA - Forest City Enterprises Inc. CL A Buy 22,748,478 2.47
WIRE - Encore Wire Corporation Buy 3,593,413 2.32
ITG - Investment Technology Group Buy 2,740,577 2.11
BRSWQ - Bristow Group Inc. Buy 2,972,804 1.92
MRH - Montpelier Re Holdings Ltd. Buy 4,701,536 1.84
MDC - MDC Holdings Inc. Buy 1,919,582 1.80
WLK - Westlake Corp. Buy 3,913,088 1.73
SSUP - Superior Industries Int'l, Inc. Buy 4,256,128 1.52
JOE - St. Joe Co. Buy 2,919,633 1.47
SNPS - Synopsys Inc. Buy 2,291,476 1.43
EFII - Electronics for Imaging Inc. Buy 4,568,049 1.35
NEM - Newmont Corp. Buy 992,058 1.34
KSWS - K-Swiss Inc., CL A CL A Buy 4,669,763 1.20
MTN - Vail Resorts Inc. Buy 1,916,440 1.18
CCRN - Cross Country Healthcare, Inc. Buy 5,925,705 1.17
LXK - Lexmark International Inc. CL A Buy 2,019,034 1.03
SKY - Skyline Champion Corp. Buy 1,712,129 0.98
BRNC - Bronco Drilling Co. Inc. Buy 6,136,209 0.97
VNO - Vornado Realty Trust Buy 845,157 0.85
PKE - Park Electrochemical Corporation Buy 1,494,694 0.78
CITGQ - CIT Group Inc. Buy 8,806,680 0.76
ESIO - Electro Scientific Industries, Inc. Buy 4,061,899 0.73
RDN - Radian Group Inc. Buy 11,649,014 0.64
CVCO - Cavco Industries, Inc. Buy 839,540 0.60
KALU - Kaiser Aluminum Corp. Buy 836,637 0.58
PPDI - Pharmaceutical Product Dev. Inc. Buy 817,226 0.58
WHG - Westwood Holdings Group Inc. Buy 496,010 0.58
ACGL - Arch Capital Group Ltd. Buy 346,996 0.56
8394653Q - Prologis Trust SH BEN INT Buy 2,828,579 0.55
HRLY - Herley Industries, Inc. Buy 1,401,036 0.51
CTO - CTO Realty Growth Inc. Buy 562,200 0.50
GWR - Genesee & Wyoming Inc. CL A Buy 742,663 0.48
BELFB - Bel Fuse Inc. CL B Buy 1,116,104 0.45
JAKK - Jakks Pacific, Inc. Buy 1,206,635 0.45
ALG - Alamo Group Inc. Buy 1,297,958 0.42
KIM - Kimco Realty Corp Buy 1,635,100 0.38
INTC - Intel Corp. Buy 600,000 0.27
COHR - Coherent Corp. Buy 476,934 0.25
IIIN - Insteel Industries Inc. Buy 1,197,356 0.25
IM - Ingram Micro Inc. CL A Buy 615,450 0.23
NAL - NewAlliance Bancshares, Inc. Buy 622,936 0.22
BFSB - Brooklyn Federal Bancorp Inc. Buy 637,122 0.21
ALCO - Alico, Inc. Buy 269,014 0.19
BIP - Brookfield Infrastructure Part. L.P.UNIT Buy 472,112 0.19
OFLX - Omega Flex Inc. Buy 360,100 0.18
TBL - The Timberland Company COM CL A Buy 493,358 0.18
JJATF - Barclays Bank PLC ETN IPTH AGRI Buy 132,472 0.15
AGU - Agrium, Inc. Buy 110,779 0.12
COP - ConocoPhillips Buy 98,720 0.12
TPGI - Thomas Properties Group Inc. Buy 2,730,049 0.10
AEC - Associated Estates Realty Corp. Buy 526,839 0.09
JRN - Journal Communications Inc. CL A Buy 3,901,921 0.09
MTG - MGIC Investment Corp. Buy 2,080,000 0.09
BORL - Borland Software Corporation Buy 3,468,371 0.05
FO2 - Patriot Transportation Holdings Buy 24,336 0.05
BPO - Brookfield Properties Buy 192,970 0.03
IAG - IAMGOLD Corporation Buy 124,100 0.03
UMC - United Microelectronics Corp. Buy 364,077 0.03
WY - Weyerhaeuser Co. Buy 38,355 0.03
0814429D - GSI Group Inc. Buy 730,434 0.02
AH1 - Avatar Holdings Inc. Buy 36,844 0.02
AKR - NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000 PRN AMT PRN CALLDSCRETN MNGRS SOLE SHARED NONE Acadia Realty Trust Buy 59,925 0.02
PSB - PS Business Parks, Inc. Buy 22,100 0.02
BELFA - Bel Fuse Inc. Buy 37,119 0.01
CNX - CNX Resources Corp. Buy 742,464 0.01
FPO - First Potomac Realty Trust Buy 60,500 0.01
0000420W - Stoneleigh Partners Acquisition WTS EXP 05/31/11 Buy 1,667,900 0.00
0000503W - United Refining Energy Corp. WTS EXP 12/11/11 Buy 500,000 0.00
1367506D - Forest City Enterprises Inc. CL B CONV Buy 25,800 0.00
HAJ1 - HKN Inc. Buy 47,478 0.00
TGIC - Triad Guaranty Inc. Buy 778,500 0.00
Q2 2008
0000378W - Media & Entertainment Hlds, WTS Add 100.00% 99 0.07
CYRV - Crystal River Capital Inc. REIT Add 73.97% 3,719 0.25
NBR - Nabors Industries Ltd. Add 47.82% 172,853 0.86
OFLX - Omega Flex Inc. Add 41.48% 1,605 0.03
0000365W - Geneva Acquisition Corp WTS EXP 02/12/2010 Add 38.10% 16 0.02
SCMR - Sycamore Networks, Inc. Add 32.92% 30,009 2.29
HAJ1 - Hkn Inc Add 32.05% 133 0.00
0000420W - Stoneleigh Partners Warrants WTS Add 25.08% 158 0.09
SUND - Suncor Energy Inc. Add 23.71% 22,842 0.10
0000329W - Transforma Acquisition Group WTS EXP 12/19/2010 Add 20.00% 5 0.00
HRLY - Herley Industries, Inc. Add 19.78% 5,848 0.11
WLK - Westlake Corp. Add 19.14% 15,375 0.25
BAM.A - Brookfield Asset Mgmt. Add 16.54% 113,011 0.85
WIRE - Encore Wire Corporation Add 16.36% 11,815 0.14
JJATF - iPath-Barclays Bk PLC ETN IPTH AGRI Add 15.85% 1,213 0.00
BRNC - Bronco Drilling Co. Inc. Add 15.22% 14,972 0.20
NEM - Newmont Corp. Add 14.82% 10,145 0.05
TPGI - Thomas Properties Group Inc. Add 12.99% 2,923 0.07
PKX - Posco ADR Add 12.34% 62,388 0.12
IM - Ingram Micro Inc. Add 12.12% 1,181 0.02
MTN - Vail Resorts Inc. Add 11.46% 6,092 0.03
CCRN - Cross Country Healthcare, Inc. Add 10.40% 5,985 0.10
BFH - Bread Financial Holdings Inc. Add 10.07% 14,818 0.06
LXK - Lexmark International Inc. Add 8.93% 7,161 0.05
XEC-OLD - Cimarex Energy Co. Add 8.08% 27,739 0.10
WHG - Westwood Holdings Group Inc. Add 4.56% 1,256 0.01
EFII - Electronics for Imaging Inc. Add 3.58% 2,989 0.05
INTC - Intel Corp. Add 3.34% 2,981 0.03
GAC - Geneva Acquisition Corp UNIT Add 3.00% 27 0.00
REIS - Reis, Inc. Add 2.60% 43 0.00
PKE - Park Electrochemical Corp Add 2.00% 577 0.01
FO2 - Patriot Transportation Holdi Add 1.98% 140 0.00
ECA - Encana Corporation Add 1.96% 2,665 0.01
TRC - Tejon Ranch Co. Add 1.70% 2,854 0.02
TVH/U - Media & Entertainment Hlds, UNIT Add 1.60% 39 0.00
SNPS - Synopsys Inc. Add 0.75% 278 0.00
CVA - Covanta Holding Corporation Add 0.57% 1,384 0.01
0000503W - United Refining Energy Corp WTS EXP 12/11/2011 Buy 305 0.12
Q1 2008
PKX - Posco ADR Add 2,029.59% 481,988 0.99
MBI - MBIA Inc. Add 1,990.63% 398,246 7.99
BNY - Bank of New York Mellon Corp. Add 796.32% 360,645 2.11
ACGL - Arch Capital Group Ltd. Add 172.01% 35,263 0.13
IRS - Irsa Sp ADR Add 129.01% 6,332 0.11
WIRE - Encore Wire Corporation Add 56.39% 26,033 0.35
BRNC - Bronco Drilling Co. Inc. Add 28.12% 21,589 0.33
SXI - Standex International Corporation Add 28.01% 2,349 0.03
UMC - United Microelectronics Corp. ADR Add 23.71% 1,054 0.08
CVCO - Cavco Industries, Inc. Add 22.09% 4,672 0.03
SCMR - Sycamore Networks, Inc. Add 21.73% 16,272 1.09
CFNB - California First National Bank Add 21.69% 505 0.01
AEC - Associated Estates Realty Corp. Add 21.18% 2,696 0.06
ANLD - American Land Lease Inc. Add 20.86% 156 0.00
CCRN - Cross Country Healthcare, Inc. Add 18.57% 9,013 0.18
IIIN - Insteel Industries Inc. Add 17.09% 3,018 0.06
ALG - Alamo Group Inc. Add 16.21% 7,574 0.09
CITGQ - CIT Group Inc. Add 15.71% 13,749 0.29
SYBG - Sybase Inc. Add 13.13% 3,747 0.03
SSUP - Superior Industries International, Inc. Add 10.91% 9,617 0.11
PFE - Pfizer Inc. Add 10.26% 2,936 0.03
MTN - Vail Resorts Inc. Add 9.46% 4,593 0.02
SKY - Skyline Champion Corp. Add 8.75% 2,832 0.02
CYRV - Crystal River Capital Inc. REIT Add 4.53% 218 0.01
KSWS - K-Swiss Inc., Add 4.40% 3,421 0.05
AH1 - Avatar Holdings Inc. Add 4.24% 724 0.00
FO2 - Patriot Transportation Holdings Add 3.67% 250 0.00
DEL - Deltic Timber Corp. Add 3.28% 1,868 0.01
EFII - Electronics for Imaging Inc. Add 2.53% 2,060 0.03
ALCO - Alico, Inc. Add 2.26% 346 0.00
ECA - Encana Corporation Add 1.50% 2,012 0.01
BPO - Brookfield Properties Add 1.36% 900 0.01
TVH/U - Media & Entertainment Holdings, Inc. UNIT Add 1.21% 29 0.00
BAM.A - Brookfield Asset Mgmt. Buy 683,373 6.24
TLAB - Tellabs, Inc.` Buy 126,438 5.69
FCYA - Forest City Enterprises Inc. Buy 740,935 4.94
AVX - AVX Corporation Buy 247,587 4.74
RDN - Radian Group Inc. Buy 100,640 3.76
JOE - St. Joe Co. Buy 618,540 3.53
NBR - Nabors Industries Ltd. Buy 361,440 2.62
NAL - NewAlliance Bancshares, Inc. Buy 112,592 2.25
CVA - Covanta Holding Corporation Buy 242,464 2.16
MRH - Montpelier Re Holdings Ltd. Buy 102,660 1.57
XEC-OLD - Cimarex Energy Co. Buy 343,212 1.54
USG - USG Corporation Buy 221,487 1.47
TRC - Tejon Ranch Co. Buy 168,059 1.10
INTC - Intel Corp. Buy 89,168 1.03
LM - Legg Mason Inc. Buy 227,688 1.00
BFH - Bread Financial Holdings Inc. Buy 147,208 0.76
8285437Q - Fording Canadian Coal Trust TR UNIT Buy 149,336 0.70
8394653Q - Prologis Trust SBI Buy 140,513 0.59
MDC - MDC Holdings Inc. Buy 94,529 0.53
VNO - Vornado Realty Trust Buy 115,198 0.33
SUND - Suncor Energy Inc. Buy 96,350 0.25
URX/U - United Refining Energy Corporation UNIT Buy 9,050 0.25
BIP - Brookfield Infrastructure Partners L.P. UNIT Buy 16,657 0.24
GWR - Genesee & Wyoming Inc. Buy 23,320 0.17
CPHL - Castlepoint Holdings Ltd. Buy 6,054 0.15
REIS - Reis, Inc. Buy 1,654 0.08
PZN - Pzena Investment Management Buy 2,154 0.05
JJATF - iPath Dow Jones AIG Agri. Total Return ETN IPTH AGRI Buy 7,652 0.03
ABWTQ - AbitibiBowater Inc Buy 323 0.01
HAJ1 - HKN INC (f.k.a. Harken Energy Corp.) Buy 415 0.01
Q4 2007
CITGQ - e Inc. Add 339.67% 67,612 1.02
NEM - Newmont Corp. Add 96.85% 35,842 0.50
ASVI - Add 50.04% 10,568 0.20
BRSWQ - orporation Add 28.18% 20,980 0.31
CCRN - Cross Country Healthcare, Inc. Add 27.93% 10,594 0.18
LXK - nal Inc. CL A Add 27.90% 19,059 0.23
WIRE - ation Add 24.47% 9,075 0.36
CVCO - Inc. Add 24.02% 4,096 0.25
WLK - Westlake Corp. Add 18.88% 13,990 0.21
PRXL - nal Corporation Add 17.03% 4,204 0.18
IIIN - Insteel Industries Inc. Add 14.17% 2,192 0.13
PPDI - duct Dev. Inc. Add 13.91% 9,070 0.21
SYBG - s Int'l, Inc. Add 12.80% 3,238 0.02
KSWS - orp. Add 11.56% 8,050 0.06
CXG - e Inc. Add 11.05% 1,704 0.11
ITG - ogy Group Add 10.72% 612 0.03
WHG - Group Inc. Add 8.34% 2,179 0.12
SKY - Skyline Champion Corp. Add 6.16% 1,878 0.01
IBAAY - , S.A. De C.v. Add 4.69% 1,052 0.07
BRNC - . Inc. Add 2.10% 1,580 0.01
GAC - Corp Unit Add 1.24% 11 0.00
IM - , S.A. De C.v. Add 0.73% 225 0.01
JEF - Jefferies Financial Group Inc. Buy 20,616 1.84
SF6 - Company, Inc. Buy 34,335 1.77
HVT - Haverty Furniture Buy 42,873 1.58
HDLM - RE Ltd. Cl A Buy 6,440 1.57
AMAT - Applied Materials Buy 30,255 1.45
ABKFQ - oup Buy 69,576 1.44
0000378W - dings, Inc. WTS Buy 413 1.13
FFG - p, Inc. Buy 17,507 1.04
RJF - Raymond James Financial Inc. Buy 79,823 0.91
LPX - Louisiana-Pacific Corp. Buy 74,321 0.89
EGP - EastGroup Properties SBI Buy 16,777 0.82
BBT - ncorp Inc. Buy 10,161 0.80
0000394W - l Inc. WTS Buy 244 0.77
DSCP - ion Buy 12,460 0.70
NW1A - ife Insurance Co. Buy 62,827 0.62
UMC - onics Corp. ADR Buy 4,446 0.59
BRKL - Inc. Buy 53,631 0.57
TNF/U - Inc. Units Buy 1,421 0.39
ORGN - nc. Buy 8,722 0.37
0220142Q - s Inc. Buy 57,239 0.34
KS - Packaging Buy 8,120 0.33
AFR - Realty Trust Buy 1,200 0.31
KE6 - orp. Buy 13,474 0.27
CSWC - ing Inc. Buy 14,659 0.25
TDW - Tidewater Inc. Buy 59,069 0.16
MTG - MGIC Investment Corp. Buy 91,170 0.13
TGIC - p WTS EXP 12/19/2010 Buy 10,427 0.13
WTM - White Mountains Insurance Buy 30,894 0.12
IAG - n Buy 8,350 0.04
Q3 2007
JNC - Nuveen Investments, Inc., Add 424.08% 207,640 0.95
RDN - Radian Group Inc. Add 123.06% 130,868 1.59
FO2 - Patriot Transportation Holdings Add 109.37% 3,793 0.01
CYRV - Crystal River Capital Inc. REIT Add 69.95% 2,391 0.04
WIRE - Encore Wire Corporation Add 60.70% 14,011 0.16
MBI - MBIA Inc. Add 60.37% 153,917 0.72
MRH - Montpelier Re Holdings Ltd. Add 57.69% 26,000 0.42
LXK - Lexmark International Inc. Add 48.16% 22,209 0.15
WLK - Westlake Corp. Add 45.63% 23,221 0.26
MVC - MVC Capital Inc. Add 43.80% 2,060 0.03
3655488Q - Bois d Arc Energy, Inc. Add 41.86% 275 0.00
USG - USG Corporation Add 39.04% 51,801 0.39
CVCO - Cavco Industries, Inc. Add 37.37% 4,638 0.04
PKX - Posco ADR Add 33.01% 182,784 0.29
8285437Q - Fording Canadian Coal Trust UNIT Add 32.59% 28,549 0.21
XEC-OLD - Cimarex Energy Co. Add 31.89% 77,795 0.59
HTCH - Hutchinson Technology Inc. Add 30.83% 580 0.01
BRNC - Bronco Drilling Co. Inc. Add 29.96% 17,337 0.33
CCRN - Cross Country Healthcare, Inc. Add 20.41% 6,429 0.11
LUNMF - Lundin Mining Corp Add 19.36% 1,928 0.04
PKE - Park Electrochemical Corporation Add 19.16% 5,915 0.05
FPO - First Potomac Realty Trust SBI Add 19.01% 4,869 0.06
ESIO - Electro Scientific Industries, Inc. Add 13.66% 11,094 0.13
TD - The Toronto-Dominion Bank Add 11.96% 134 0.00
CLT - Clifton Savings Bancorp Inc. Add 9.23% 50 0.00
INTC - Intel Corp. Add 8.41% 10,476 0.11
STJ - St. Jude Medical Inc. Add 6.21% 936 0.01
TMP - Tompkins Trustco Inc. Add 6.16% 126 0.00
SKY - Skyline Champion Corp. Add 5.78% 1,666 0.02
PFE - Pfizer Inc. Add 5.40% 6,956 0.08
COHR - Coherent Corp. Add 4.62% 1,221 0.01
0814429D - GSI Group Inc. Add 4.44% 1,305 0.03
AKR - Acadia Realty Trust Add 4.42% 3,021 0.03
NAL - NewAlliance Bancshares, Inc. Add 4.01% 5,687 0.11
BELFA - Bel Fuse Inc. Add 2.39% 251 0.00
BPO - Brookfield Properties Add 2.29% 1,933 0.02
BELFB - Bel Fuse Inc. CL B Add 1.52% 559 0.00
SNPS - Synopsys Inc. Add 1.28% 549 0.01
NBR - Nabors Industries Ltd. Add 1.23% 4,086 0.04
HAYN - Haynes International Inc. Add 1.11% 419 0.00
SYBG - Sybase Inc. Add 1.00% 250 0.00
ACGL - Arch Capital Group Ltd. Add 0.94% 1,057 0.00
SSUP - Superior Industries International, Inc. Add 0.48% 492 0.01
BNY - Bank of New York Mellon Corp. Buy 447,499 2.87
BFH - Bread Financial Holdings Inc. Buy 156,674 0.57
0000420W - Stoneleigh Partners Warrants WTS Buy 1,348 0.50
0860320D - Ceridian Corp. New Buy 43,745 0.36
NEM - Newmont Corp. Buy 37,009 0.23
CXG - CNX Gas Corp. Buy 15,415 0.15
0000084W - Kapstone Paper & Pkg Wts Wts Buy 678 0.09
0000365W - Geneva Acquisition Corp - Warrant WTS Buy 125 0.09
GAC - Geneva Acquisition Corp Unit UNIT Buy 890 0.05
1367506D - Forest City Enterprises Inc. Buy 1,431 0.01
Q2 2007
IIIN - Insteel Industries Inc. Add 371.33% 12,863 0.19
HRLY - Herley Industries, Inc. Add 151.38% 55,636 0.87
BRNC - Bronco Drilling Co. Inc. Add 136.60% 33,406 0.54
JNC - Nuveen Investments, Inc., Add 111.30% 25,790 0.11
WLK - Westlake Corp. Add 106.74% 26,274 0.25
8285437Q - Fording Canadian Coal Trust UNIT Add 103.75% 44,603 0.36
USG - USG Corporation Add 60.02% 49,767 0.27
FPO - First Potomac Realty Trust SBI Add 55.07% 9,094 0.10
BRSWQ - Bristow Group Inc. Add 50.50% 29,326 0.16
3321267Q - Abitibi Consolidated Inc. Add 47.88% 51,833 4.71
SYBG - Sybase Inc. Add 33.58% 6,298 0.07
CFNB - California First National Bank Add 32.74% 861 0.01
FLA - Florida East Coast Industries, Inc. Add 32.38% 1,117 0.00
LXK - Lexmark International Inc. Add 31.83% 11,134 0.06
SCMR - Sycamore Networks, Inc. Add 30.01% 24,353 1.61
INTC - Intel Corp. Add 23.50% 23,714 0.27
WIRE - Encore Wire Corporation Add 23.13% 4,336 0.04
TLAB - Tellabs, Inc. Add 23.06% 24,003 0.59
SKY - Skyline Champion Corp. Add 22.26% 5,248 0.05
MVC - MVC Capital Inc. Add 20.19% 790 0.01
0000329W - Transforma Acquisition Group WTS Add 20.18% 22 0.01
ECA - Encana Corporation Add 19.38% 32,403 0.14
EFII - Electronics for Imaging Inc. Add 19.35% 17,790 0.17
NAL - NewAlliance Bancshares, Inc. Add 18.57% 22,210 0.40
JRN - Journal Communications Inc. Add 16.96% 10,020 0.20
SUND - Suncor Energy Inc. Add 16.62% 14,851 0.04
BAM.A - Brookfield Asset Mgmt. Add 16.01% 142,120 0.95
KSWS - K-Swiss Inc., Add 15.70% 9,816 0.09
CNX - CNX Resources Corp. Add 15.52% 2,482 0.07
DEL - Deltic Timber Corp. Add 15.16% 9,050 0.04
XEC-OLD - Cimarex Energy Co. Add 14.99% 31,806 0.22
PPDI - Pharmaceutical Product Dev. Inc. Add 13.59% 8,426 0.06
TD - The Toronto-Dominion Bank Add 13.36% 132 0.00
ASVI - A.S.V. Inc. Add 13.24% 3,040 0.05
PKE - Park Electrochemical Corporation Add 12.82% 3,507 0.03
MDC - MDC Holdings Inc. Add 12.24% 11,381 0.06
IM - Ingram Micro Inc. Add 12.15% 3,717 0.05
NBR - Nabors Industries Ltd. Add 12.14% 36,094 0.29
IBAAY - Industrias Bachoco, S.A. DE C.V. Add 12.04% 2,632 0.02
CVA - Covanta Holding Corporation Add 11.14% 21,777 0.24
TPGI - Thomas Properties Group Inc. Add 10.82% 4,332 0.07
AEC - Associated Estates Realty Corp. Add 10.64% 2,022 0.03
ITG - Investment Technology Group Add 10.53% 548 0.00
AVX - AVX Corporation Add 10.51% 28,024 0.45
STJ - St. Jude Medical Inc. Add 10.32% 1,409 0.01
PKX - Posco ADR Add 9.97% 50,182 0.11
BFSB - Brooklyn Federal Bancorp Inc. Add 9.80% 876 0.02
BORL - Borland Software Corporation Add 9.05% 5,343 0.24
LUNMF - Lundin Mining Corp Add 8.52% 782 0.02
CNXYY - CNX Gas Corp. - GDR 144A GDR 144A Add 8.01% 1,216 0.01
AH1 - Avatar Holdings Inc. Add 7.70% 2,391 0.01
ESIO - Electro Scientific Industries, Inc. Add 6.97% 5,293 0.07
GAC/U - Geneva Acquisition Corp Unit UNIT Add 6.80% 66 0.00
ALCO - Alico, Inc. Add 6.38% 1,532 0.01
CVCO - Cavco Industries, Inc. Add 6.09% 712 0.01
LM - Legg Mason Inc. Add 5.87% 13,800 0.04
TVH/U - Media & Entertainment Hlds, Inc. UNIT Add 5.84% 258 0.01
VSH - Vishay Intertechnology Add 5.62% 467 0.01
QRR - Quadra Realty Trust Inc. Add 5.59% 1,588 0.03
MIR - Mirion Technologies Inc Add 5.42% 1,887 0.01
COHR - Coherent Corp. Add 5.39% 1,350 0.01
ACGL - Arch Capital Group Ltd. Add 4.88% 5,250 0.02
PFE - Pfizer Inc. Add 4.31% 5,313 0.06
FICO - Fair Isaac Corp. Add 3.73% 486 0.00
MRH - Montpelier Re Holdings Ltd. Add 3.14% 1,373 0.02
TRN - Trinity Industries Add 3.04% 2,017 0.01
ALG - Alamo Group Inc. Add 1.95% 1,334 0.01
AHX - ACA Capital Holdings Inc. ORD Buy 53,755 1.23
STAQU - Stoneleigh Partners Acq. Corp. UNIT Buy 14,088 0.47
DNN - Denison Mines Corp. Buy 13,678 0.30
HAYN - Haynes International Inc. Buy 37,632 0.12
3655488Q - Bois d Arc Energy, Inc. Buy 657 0.01
FO2 - Patriot Transportation Holdings Buy 3,468 0.01
Q1 2007
WHG - Westwood Holdings Group Inc. Add 562.91% 140,282 0.25
TSG - Sabre Holdings Corp. Add 112.82% 19,754 0.18
MERC - Mercer Int'l Inc. SBI Add 59.17% 5,441 0.13
8285437Q - Fording Canadian Coal Trust UNIT Add 36.30% 11,450 0.15
LAVA - Magma Design Automation, Inc. Add 33.93% 7,231 0.18
3321267Q - Abitibi Consolidated Inc. Add 31.46% 25,906 2.75
MIR - Mirion Technologies Inc Add 28.16% 7,656 0.06
CRESY - Cresud S.A. ADR Add 27.27% 1,083 0.02
BELFA - Bel Fuse Inc. Add 26.11% 2,327 0.02
XEC-OLD - Cimarex Energy Co. Add 26.11% 43,917 0.35
PKX - Posco ADR Add 25.56% 102,492 0.29
MTN - Vail Resorts Inc. Add 20.55% 18,839 0.10
JRN - Journal Communications Inc. Add 19.97% 9,834 0.22
BORL - Borland Software Corporation Add 16.62% 8,414 0.47
TRN - Trinity Industries Add 15.93% 9,122 0.06
ECA - Encana Corporation Add 14.63% 21,334 0.13
1367506D - Forest City Enterprises Inc. Add 13.37% 204 0.00
ALCO - Alico, Inc. Add 13.23% 2,804 0.01
FCYA - Forest City Enterprises Inc. Add 11.59% 111,489 0.50
CNXYY - CNX Gas Corp. - GDR 144A GDR 144A Add 11.10% 1,516 0.02
TRB - Tribune Co Add 10.97% 1,244 0.01
PKE - Park Electrochemical Corporation Add 10.95% 2,700 0.03
CFNB - California First National Bank Add 10.64% 253 0.01
BELFB - Bel Fuse Inc. CL B Add 10.44% 3,991 0.03
TPGI - Thomas Properties Group Inc. Add 10.16% 3,692 0.07
OFLX - Omega Flex Inc. Add 9.13% 680 0.01
AKR - Acadia Realty Trust Add 8.92% 5,703 0.06
CVCO - Cavco Industries, Inc. Add 8.50% 917 0.01
HRLY - Herley Industries, Inc. Add 8.26% 2,805 0.05
LF - Leapfrog Enterprises Inc. Add 6.96% 5,671 0.16
BFSB - Brooklyn Federal Bancorp Inc. Add 6.53% 548 0.01
0814429D - GSI Group Inc. Add 5.88% 1,656 0.05
BAM.A - Brookfield Asset Mgmt. Add 5.88% 49,314 0.28
FLA - Florida East Coast Industries, Inc. Add 5.18% 170 0.00
BKE - Buckle Inc. Add 4.63% 982 0.01
PPDI - Pharmaceutical Product Dev. Inc. Add 4.42% 2,623 0.02
SWS - SWS Group Inc. Add 4.24% 284 0.00
STJ - St. Jude Medical Inc. Add 2.87% 381 0.00
CTO - CTO Realty Growth Inc. Add 2.81% 1,275 0.00
AEC - Associated Estates Realty Corp. Add 2.55% 472 0.01
MRH - Montpelier Re Holdings Ltd. Add 2.32% 991 0.02
SSUP - Superior Industries Int'l, Inc. Add 2.23% 2,422 0.03
PFE - Pfizer Inc. Add 2.22% 2,679 0.03
SYBG - Sybase Inc. Add 1.87% 344 0.00
LSBK - Lake Shore Bancorp Inc Add 1.61% 10 0.00
AVX - AVX Corporation Add 1.53% 4,011 0.08
SCMR - Sycamore Networks, Inc. Add 0.96% 771 0.06
TD - The Toronto-Dominion Bank Add 0.92% 9 0.00
CVA - Covanta Holding Corporation Add 0.64% 1,235 0.02
JAKK - Jakks Pacific, Inc. Add 0.39% 342 0.00
QRR - Quadra Realty Trust Inc. Buy 28,431 0.65
MDC - MDC Holdings Inc. Buy 92,979 0.57
USG - USG Corporation Buy 82,921 0.53
BRSWQ - Bristow Group Inc. Buy 58,074 0.47
ASVI - A.S.V. Inc. Buy 22,969 0.45
BRNC - Bronco Drilling Co. Inc. Buy 24,455 0.44
WLK - Westlake Corp. Buy 24,616 0.27
WIRE - Encore Wire Corporation Buy 18,745 0.22
TVH/U - Media & Entertainment Holdings, Inc.UNIT Buy 4,417 0.16
MVC - MVC Capital Inc. Buy 3,913 0.07
IIIN - Insteel Industries Inc. Buy 3,464 0.06
GAC/U - Geneva Acquisition Corp Unit UNIT Buy 971 0.05
0000329W - Transforma Acquisition Group WTS Buy 109 0.03
Q4 2006
CTLFQ - Catalyst Paper Corp. Buy 234,760 19.39
3321267Q - Abitibi Consolidated Inc. Buy 82,351 7.65
SCMR - Sycamore Networks, Inc. Buy 80,387 5.11
AVX - AVX Corporation Buy 262,563 4.24
BAM.A - Brookfield Asset Mgmt. Buy 838,372 4.16
FCYA - Forest City Enterprises Inc. Buy 962,222 3.93
JOE - St. Joe Co. Buy 777,350 3.47
TLAB - Tellabs, Inc. Buy 108,131 2.52
NBR - Nabors Industries Ltd. Buy 302,368 2.42
BORL - Borland Software Corporation Buy 50,617 2.22
CVA - Covanta Holding Corporation Buy 194,324 2.11
LF - Leapfrog Enterprises Inc. Buy 81,518 2.05
NAL - NewAlliance Bancshares, Inc. Buy 129,253 1.88
GMST - Gemstar-TV Guide International, Inc. Buy 1,939,423 1.75
2307532Q - American Power Conversion Corp Buy 185,599 1.45
8394653Q - Prologis Trust SBI Buy 351,997 1.38
SSUP - Superior Industries International, Inc. Buy 108,398 1.34
INTC - Intel Corp. Buy 104,342 1.23
PKX - Posco ADR Buy 401,003 1.16
PFE - Pfizer Inc. Buy 120,713 1.11
XEC-OLD - Cimarex Energy Co. Buy 168,224 1.10
TRC - Tejon Ranch Co. Buy 248,009 1.06
ESIO - Electro Scientific Industries, Inc. Buy 86,203 1.02
MBI - MBIA Inc. Buy 303,299 0.99
EFII - Electronics for Imaging Inc. Buy 106,920 0.96
JAKK - Jakks Pacific, Inc. Buy 87,315 0.95
JRN - Journal Communications Inc. Buy 49,240 0.93
CMVT - Comverse Technology, Inc. Buy 75,939 0.86
WATS - Watson Pharmaceuticals Inc Buy 214,869 0.81
ECA - Encana Corporation Buy 145,836 0.76
ALG - Alamo Group Inc. Buy 70,976 0.72
0814429D - GSI Group Inc. Buy 28,170 0.69
AKR - Acadia Realty Trust Buy 63,938 0.61
LM - Legg Mason Inc. Buy 243,133 0.61
BPO - Brookfield Properties Buy 97,196 0.59
LAVA - Magma Design Automation, Inc. Buy 21,314 0.57
KSWS - K-Swiss Inc., Buy 70,858 0.55
MRH - Montpelier Re Holdings Ltd. Buy 42,701 0.55
TPGI - Thomas Properties Group Inc. Buy 36,349 0.54
HRLY - Herley Industries, Inc. Buy 33,948 0.50
RDN - Radian Group Inc. Buy 113,834 0.50
2857666Q - Bandag Incorporated Buy 103,265 0.49
MTN - Vail Resorts Inc. Buy 91,666 0.49
PRXL - Parexel International Corporation Buy 55,477 0.46
SNPS - Synopsys Inc. Buy 50,223 0.45
PPDI - Pharmaceutical Product Development Inc. Buy 59,357 0.44
CCRN - Cross Country Healthcare, Inc. Buy 38,666 0.42
LSE - Capital Lease Funding Inc. Buy 20,414 0.42
ACGL - Arch Capital Group Ltd. Buy 115,486 0.41
TRN - Trinity Industries Buy 57,271 0.39
IM - Ingram Micro Inc. Buy 32,413 0.38
8285437Q - Fording Canadian Coal Trust UNIT Buy 31,542 0.36
CNX - CNX Resources Corp. Buy 16,642 0.36
AEC - Associated Estates Realty Corporation Buy 18,523 0.32
VNO - Vornado Realty Trust Buy 162,927 0.32
ACPIQ - Anthracite Capital Inc. Buy 15,196 0.29
CYRV - Crystal River Capital Inc. Buy 31,482 0.29
PSB - PS Business Parks, Inc. Buy 85,142 0.29
DEL - Deltic Timber Buy 64,620 0.28
SUND - Suncor Energy Inc. Buy 92,782 0.28
1409833D - Columbia Equity Trust Incorporated REIT Buy 21,773 0.27
BELFB - Bel Fuse Inc. CL B Buy 38,223 0.26
WHG - Westwood Holdings Group Inc. Buy 24,921 0.26
TCADR - Telecom Corp of New Zealand ADR Buy 27,109 0.24
PKE - Park Electrochemical Corporation Buy 24,657 0.23
OLP - One Liberty Properties Buy 23,577 0.22
LXK - Lexmark International Inc. Buy 64,950 0.21
MIR - Mirion Technologies Inc Buy 27,188 0.21
IRS - Irsa Sp ADR Buy 13,861 0.20
CITGQ - CIT Group Inc. Buy 43,885 0.19
COHR - Coherent Corp. Buy 25,453 0.19
MERC - Mercer Int'l Inc. SBI Buy 9,196 0.19
TXU - TXU Corporation Buy 43,368 0.19
IBAAY - Industrias Bachoco, S.A. DE C.V. Buy 21,869 0.18
SYBG - Sybase Inc. Buy 18,413 0.18
ANLD - American Land Lease Inc. Buy 18,953 0.17
SHLDQ - Sears Holding Corporation Buy 116,143 0.17
AH1 - Avatar Holdings Inc. Buy 52,731 0.16
BFSB - Brooklyn Federal Bancorp Inc. Buy 8,388 0.15
CTO - CTO Realty Growth Inc. Buy 45,410 0.15
SKY - Skyline Champion Corp. Buy 25,095 0.15
VSH - Vishay Intertechnology Buy 8,366 0.15
FPO - First Potomac Realty Trust SBI Buy 16,866 0.14
CNXYY - CNX Gas Corp. - GDR 144A GDR 144A Buy 13,663 0.13
TSG - Sabre Holdings Corp. Buy 17,509 0.13
JNC - Nuveen Investments, Inc., Buy 25,416 0.12
LUNMF - Lundin Mining Corp Buy 18,334 0.12
IDCG - IDT Corporation Buy 6,085 0.11
STC - Stewart Information Services Corp. Buy 20,804 0.11
SXI - Standex International Corporation Buy 14,477 0.11
ALCO - Alico, Inc. Buy 21,190 0.10
BKE - Buckle Inc. Buy 21,225 0.10
OFLX - Omega Flex Inc. Buy 7,447 0.09
STJ - St. Jude Medical Inc. Buy 13,271 0.09
TRB - Tribune Co Buy 11,341 0.09
FICO - Fair Isaac Corp. Buy 13,702 0.08
BELFA - Bel Fuse Inc. Buy 8,913 0.07
CVCO - Cavco Industries, Inc. Buy 10,783 0.07
LNN - Lindsay Manufacturing Co. Buy 9,772 0.07
CRESY - Cresud S.A. ADR Buy 3,972 0.05
DPHIQ - Delphi Corporation Buy 764 0.05
CFNB - California First National Bank Buy 2,377 0.04
SWS - SWS Group Inc. Buy 6,697 0.04
CAV - Cavalier Homes Inc. Buy 528 0.03
ITG - Investment Technology Group. Buy 5,694 0.03
ALOG - Analogic Corporation Buy 4,365 0.02
HTCH - Hutchinson Technology Inc. Buy 2,358 0.02
1367506D - Forest City Enterprises Inc. Buy 1,526 0.01
CLT - Clifton Savings Bancorp Inc. Buy 610 0.01
FLA - Florida East Coast Industries, Inc. Buy 3,280 0.01
LSBK - Lake Shore Bancorp Inc Buy 620 0.01
TMP - Tompkins Trustco Inc. Buy 2,486 0.01
YCC - Yankee Candle Co Buy 1,573 0.01
SN8 - Spirit Finance Corporation Buy 136 0.00
TD - The Toronto-Dominion Bank Buy 979 0.00
Q2 2006
PFE - Pfizer Inc. Add 172.94% 5,956 0.18
PKX - any Add 58.28% 2,956 0.03
SSUP - International, Inc. Add 57.15% 2,705 0.11
ECA - ging Inc. Add 47.92% 3,050 0.04
BAM.A - mt. CL A Add 31.61% 1,073 0.02
ABKFQ - up Add 27.32% 1,002 0.01
CFNB - tional Bank Add 19.61% 402 0.00
GMST - ternational, Inc. Add 11.67% 65 0.02
ADC - ation Add 5.81% 25 0.13
1367506D - ises CL B Add 5.52% 68 0.23
OFLX - Company Add 5.25% 360 0.00
SAFT - oup, Inc. Add 4.13% 330 0.14
MPT - Trust Add 2.22% 18 0.08
ITG - gy Group. Add 2.13% 141 0.04
IRS - Irsa Sp ADR Add 1.93% 163 0.09
1041267D - Inc. Add 0.40% 4 0.01
IDCG - C Buy 5,937 6.84
SAFM - . Buy 2,505 6.67
TSG - . Cl A Buy 8,935 4.30
BOL - no Exportaciones, S.A. Buy 629 2.07
INTC - Intel Corp. Buy 6,254 0.23
Q1 2006
IRS - Irsa Sp ADR Add 74.81% 3,615 0.77
RTI - tals, Inc. Add 44.53% 1,935 0.89
ITG - y Group. Add 40.52% 1,907 0.52
BFSB - corp Inc. Add 37.65% 2,112 1.25
PAAS - Pan American Silver Corp. Add 34.29% 84 0.49
CRESY - poration Add 32.00% 794 1.08
ALOG - rsion Corp Add 31.95% 1,513 0.68
FLA - ndustries, Inc. Add 27.19% 634 0.69
SWS - International, Inc. Add 24.87% 977 0.97
1367506D - se CL B Add 13.96% 151 0.48
TQNT - or, Inc. Add 10.55% 235 0.04
TMP - . Add 7.50% 167 0.44
SN8 - ration Add 7.26% 9 0.04
NTLIV - rces, Inc. Add 6.85% 98 0.10
HTCH - y Inc. Add 6.04% 172 0.00
TD - The Toronto-Dominion Bank Add 5.68% 49 0.22
VSH - Vishay Intertechnology Add 3.49% 315 0.15
ACMTA - Inc. Add 1.22% 41 0.01
NTL - Pfd B Buy 3,288 5.83
JJSF - oration Buy 603 5.10
KE6 - p. Buy 5,589 4.52
BED - estors Buy 2,045 3.81
BLX - o Exportaciones, S.A. Buy 4,848 3.20
MPT - rust Buy 810 3.20
SAFT - up, Inc. Buy 7,991 3.20
1707592D - nc. PA Buy 877 3.17
1041267D - nc. Buy 1,000 2.62
ABKFQ - p Buy 3,668 0.71
MGYR - ion, Inc. Buy 243 0.14
MEL - poration Buy 7,138 0.13
9895616Q - ny Buy 6,073 0.08
OFLX - Company Buy 6,860 0.06
Q4 2005
PFE - Pfizer Inc. Add 361.88% 71,273 0.96
0814429D - GSI Group Inc. Add 230.63% 10,390 0.30
BELFA - Bel Fuse Inc. Add 195.59% 6,136,560 0.53
CVCO - Cavco Industries, Inc. Add 174.44% 1,465,523 1.35
FDT - Feldman Mall Properties, Inc. Add 147.58% 6,715 0.18
VNO - Vornado Realty Trust Add 145.49% 199,037 0.85
CFNB - California First National Bank Add 85.59% 3,964,432 0.33
2925169Q - GEAC Computer Corporation Ltd. Add 79.86% 68,886 1.99
CCRN - Cross Country Healthcare, Inc. Add 68.30% 13,538,106 1.20
DCH - Dauch Corp. Add 63.24% 14,562 0.25
MVK - Maverick Tube Corporation Add 63.15% 35,532 0.28
CNX - CNX Resources Corp. Add 60.58% 3,992 0.11
BKE - Buckle Inc. Add 57.42% 2,526 0.03
DEL - Deltic Timber Add 45.59% 8,841 0.05
HRLY - Herley Industries, Inc. Add 41.51% 4,607 0.09
2857666Q - Bandag, Incorporated Add 39.72% 11,833 0.09
TSG - Sabre Holdings Corp. Add 34.87% 106 0.00
JAKK - Jakks Pacific, Inc. Add 29.71% 18,433 0.28
SWS - SWS Group Inc. Add 27.70% 852 0.01
FHR - Fairmont Hotels & Resorts Inc Add 26.96% 17,921 0.13
TQNT - Triquint Semiconductor, Inc. Add 26.45% 466 0.03
AKR - Acadia Realty Trust Add 24.18% 9,596 0.15
VSH - Vishay Intertechnology Add 23.22% 1,703 0.04
TCADR - Telecom Corp of New Zealand ADR Add 22.38% 3,422,836 0.41
ACMTA - Acmat Corp.- Class A Add 19.75% 556 0.01
ITG - Investment Technology Group. Add 19.72% 775 0.01
JOE - St. Joe Co. Add 19.53% 108,976 0.51
AVX - AVX Corporation Add 17.05% 36,970 0.81
IM - Ingram Micro Inc. Add 16.44% 2,382 0.04
2900474Q - Criimi Mae Inc. Add 16.15% 4,083 0.07
KSWS - K-Swiss Incl Add 15.69% 5,199 0.05
EFII - Electronics for Imaging Add 15.09% 13,416 0.16
3026360Q - Scientific-Atlanta, Inc. Add 14.82% 1,181 0.01
SCMR - Sycamore Networks, Inc. Add 13.88% 10,264 0.75
CITGQ - CIT Group Inc. Add 12.66% 6,112 0.04
CVA - Covanta Holding Corporation Add 12.14% 14,371 0.30
ALCO - Alico, Inc. Add 11.46% 1,740 0.01
SNPS - Synopsys Inc. Add 11.30% 3,184 0.05
PSB - PS Business Parks, Inc. Add 10.83% 10,426 0.07
RDN - Radian Group Inc. Add 9.23% 11,506 0.06
ACGL - Arch Capital Group Ltd. Add 9.08% 8,630 0.05
HTCH - Hutchinson Technology Inc. Add 8.92% 233 0.00
OME - Omega Protein Corporation Add 8.75% 504 0.01
TRN - Trinity Industries Add 8.31% 5,174 0.04
JNC - Nuveen Investments, Inc., Add 8.20% 1,583 0.01
LM - Legg Mason Inc. Add 8.08% 21,852 0.06
PPDI - Pharmaceutical Product Development Inc. Add 7.72% 4,149 0.02
NAL - NewAlliance Bancshares, Inc. Add 7.50% 6,587 0.14
PAAS - Pan American Silver Corp. Add 7.46% 17 0.00
COHR - Coherent Corp. Add 7.30% 2,106 0.02
STJ - St. Jude Medical Inc. Add 7.27% 1,235 0.01
TD - The Toronto-Dominion Bank Add 6.82% 55 0.00
LAVA - Magma Design Automation, Inc. Add 6.74% 595 0.02
NTLIV - NTL Inc. Add 6.64% 89 0.00
ESIO - Electro Scientific Industries, Inc. Add 6.29% 5,809 0.08
8394653Q - Prologis Trust SBI Add 5.50% 17,922 0.12
SXI - Standex International Corporation Add 5.43% 687 0.01
LSE - Capital Lease Funding Inc. Add 4.87% 878 0.03
IBAAY - Industrias Bachoco, S.A. DE C.V. Add 4.66% 616 0.01
NBR - Nabors Industries Ltd. Add 4.59% 5,269 0.02
SUND - Suncor Energy Inc. Add 4.17% 3,002 0.02
CTO - CTO Realty Growth Inc. Add 3.96% 1,740 0.01
WHG - Westwood Holdings Group Inc. Add 3.87% 657 0.01
3307381Q - Trammell Crow Company Add 3.77% 6,194 0.08
ALG - Alamo Group Inc. Add 3.75% 2,320 0.04
TMP - Tompkins Trustco Inc. Add 3.58% 77 0.00
FPO - First Potomac Realty Trust SBI Add 3.50% 511 0.01
SSUP - Superior Industries International, Inc. Add 2.97% 3,016 0.04
PHH - PHH Corporation Add 2.85% 443 0.00
GMST - Gemstar-TV Guide International, Inc. Add 2.76% 52,054 0.06
TLAB - Tellabs, Inc. Add 2.26% 2,555 0.07
BPO - Brookfield Properties Add 2.08% 1,881 0.02
SYBG - Sybase Inc. Add 1.12% 157 0.00
SN8 - Spirit Finance Corporation Add 0.81% 1 0.00
CMVT - Comverse Technology, Inc. Add 0.35% 365 0.00
IRS - Irsa Sp ADR Add 0.25% 12 0.00
ADC - Agree Realty Corporation Add 0.03% 1,167 0.00
BAM.A - Brookfield Asset Mgmt. Buy 612,488 3.85
LXK - Lexmark International Inc. Buy 29,328 0.21
BFSB - Brooklyn Federal Bancorp Inc. Buy 5,610 0.16
Q3 2005
BELFA - Bel Fuse Inc. Add 41,951.72% 3,130,018 0.79
CCRN - Cross Country Healthcare, Inc. Add 36,227.77% 19,766,595 3.05
TCADR - Telecom Corp of New Zealand Ltd Add 1,018.07% 13,928,617 2.10
PFE - Pfizer Inc. Add 279.55% 14,506 0.19
8394653Q - Prologis Trust Add 209.14% 220,431 1.63
MVK - Maverick Tube Corp. Add 137.28% 32,551 0.35
2925169Q - GEAC Computer Corp LTD Add 108.92% 44,969 1.58
LSE - Capital Lease Funding Inc. Add 85.94% 8,334 0.26
NTLIV - NTL Inc. Add 70.39% 554 0.00
LAVA - Magma Design Automation Inc. Add 69.04% 3,608 0.15
CNX - CNX Resources Corp. Add 62.04% 2,523 0.07
BPPNZ - BPP Liquidating Trust Add 45.35% 39 0.10
ECA - Encana Corp. Add 41.23% 53,571 0.30
ITG - Investment Technology Group. Add 40.85% 1,140 0.01
HAYN - Haynes International Inc. Add 38.58% 3,009 0.04
8285437Q - Fording Canadian Coal Trust Add 38.48% 24,795 0.19
CFNB - California First National Bank Add 35.73% 1,219,332 0.19
LF - Leapfrog Enterprises Inc. Add 34.52% 18,186 0.40
IBAAY - Industrias Bachoco, S.A. DE C.V. Add 31.46% 3,166 0.05
PKX - Posco ADR Add 29.62% 56,490 0.33
FCYA - Forest City Enterprise Add 28.47% 139,678 1.20
SYBG - Sybase Inc. Add 27.99% 3,075 0.04
SUND - Suncor Energy Inc. Add 27.90% 15,709 0.09
2857666Q - Bandag, Incorporated Add 27.58% 6,440 0.05
DEL - Deltic Timber Add 26.56% 4,070 0.03
TRN - Trinity Industries Add 25.39% 12,611 0.10
ESIO - Electro Scientific Industries, Inc. Add 24.82% 18,363 0.27
2245546Q - Advanced Power Technology Add 23.80% 894 0.03
IM - Ingram Micro Inc. Add 23.66% 2,773 0.05
PPDI - Pharmaceutical Product Development Inc. Add 22.72% 9,949 0.06
STC - Stewart Information Services Corp. Add 21.90% 4,414 0.03
TLAB - Tellabs, Inc. Add 21.02% 19,666 0.61
SNPS - Synopsys Inc. Add 19.83% 4,662 0.08
BELFB - Bel Fuse Inc. CL B Add 19.14% 5,497 0.05
ANLD - American Land Lease Inc. Add 18.74% 2,827 0.04
FHR - Fairmont Hotels & Resorts Inc Add 17.90% 10,090 0.10
AH1 - Avatar Holdings Inc. Add 17.69% 6,571 0.04
NBR - Nabors Industries Ltd. Add 17.68% 17,243 0.08
HRLY - Herley Industries, Inc. Add 15.40% 1,481 0.03
PSB - PS Business Parks, Inc. Add 14.01% 11,838 0.08
3026360Q - Scientific-Atlanta, Inc. Add 12.74% 901 0.01
BPO - Brookfield Properties Add 12.60% 10,103 0.11
SCMR - Sycamore Networks, Inc. Add 12.02% 7,930 0.69
NAL - NewAlliance Bancshares, Inc. Add 11.71% 9,207 0.21
RDN - Radian Group Inc. Add 11.34% 12,701 0.08
KSWS - K-Swiss Incl Add 10.70% 3,202 0.04
TD - The Toronto-Dominion Bank Add 10.55% 77 0.00
CMVT - Comverse Technology, Inc. Add 10.46% 9,750 0.12
TXU - TXU Corp. Add 10.14% 743,911 0.03
PHH - PHH Corporation Add 10.13% 1,430 0.02
EFII - Electronics for Imaging Add 10.08% 8,144 0.12
2307532Q - American Power Conversion Corp Add 9.47% 11,049 0.14
ACGL - Arch Capital Group Ltd. Add 8.92% 7,784 0.05
VNO - Vornado Realty Trust Add 8.59% 10,820 0.04
CVCO - Cavco Industries, Inc. Add 7.52% 58,749 0.15
AKR - Acadia Realty Trust Add 7.39% 2,732 0.05
STJ - St. Jude Medical Inc. Add 7.32% 1,158 0.01
AVX - AVX Corp. Add 7.28% 14,722 0.38
TPGI - Thomas Properties Group INC Add 7.22% 2,033 0.05
ALG - Alamo Group Inc. Add 6.53% 3,796 0.06
PKE - Park Electrochemical Corp. Add 5.75% 1,400 0.02
TQNT - Triquint Semiconductor, Inc. Add 5.70% 95 0.01
1367506D - Forest City Enterprise Add 5.41% 56 0.00
MBI - MBIA Inc. Add 5.40% 12,967 0.07
WHG - Westwood Holdings Group Inc. Add 5.01% 809 0.01
CITGQ - CIT Group Inc. Add 4.98% 2,289 0.02
JNC - Nuveen Investments, Inc., Add 4.70% 867 0.01
VSH - Vishay Intertechnology Add 4.65% 326 0.01
FLA - Florida East Coast Industries, Inc. Add 4.57% 109 0.00
LM - Legg Mason Inc. Add 4.32% 11,194 0.03
FPO - First Potomac Realty Trust Add 3.52% 496 0.01
JLL - Jones Lang Lasalle Inc. Add 3.33% 2,291 0.02
3307381Q - Trammell Crow Company Add 2.15% 3,462 0.05
INGP - Instinet Group Corp. Add 1.96% 1,628 0.11
1862602D - FSI International, Inc. Add 1.47% 11 0.00
769050Q - Commercial Federal Corp. Add 1.35% 28 0.00
PRXL - Parexel International Corp Add 0.33% 258 0.00
GMST - Gemstar-TV Guide International, Inc. Add 0.01% 229 0.00
CVA - Covanta Holding Corp Buy 118,411 2.89
0814429D - Gsi Group Inc Buy 4,505 0.14
OME - Omega Protein Corp Buy 5,758 0.12
MOVIQ - Movie Gallery Inc. Buy 540 0.01
PAAS - Pan American Silver Corp. Buy 228 0.00
TSG - Sabre Holdings Corp. Buy 304 0.00
Q2 2005
ADC - Agree Realty Corporation Add 452,205.63% 3,857,314 3.90
FDT - Feldman Mall Properties, Inc. Add 303.22% 3,672 0.11
IM - Ingram Micro Inc. Add 245.05% 8,322 0.23
ACPIQ - Anthracite Capital Inc. Add 128.22% 7,928 0.29
LSE - Capital Lease Funding Inc. Add 115.63% 5,200 0.21
FHR - Fairmont Hotels & Resorts Inc Add 107.63% 29,224 0.36
MBI - MBIA Inc. Add 101.29% 120,919 0.89
ESREF - ESG Re Limited Add 100.00% 9 0.03
GMST - Gemstar-TV Guide International, Inc. Add 63.33% 731,644 1.22
CTO - CTO Realty Growth Inc. Add 48.71% 18,428 0.09
PKX - Posco ADR Add 43.01% 57,362 0.57
ANLD - American Land Lease Inc. Add 40.88% 4,377 0.09
AKR - Acadia Realty Trust Add 38.42% 10,258 0.24
TCADR - Telecom Corp of New Zealand ADR Add 35.81% 360,780 0.81
LNN - Lindsay Manufacturing Co. Add 34.45% 6,713 0.12
EFII - Electronics for Imaging Add 33.56% 20,293 0.42
LM - Legg Mason Inc. Add 30.91% 61,220 0.25
SNPS - Synopsys Inc. Add 28.14% 5,163 0.13
BKE - Buckle Inc. Add 25.07% 1,151 0.01
PKE - Park Electrochemical Corp. Add 24.24% 4,749 0.08
TLAB - Tellabs, Inc. Add 23.69% 17,922 0.09
JLL - Jones Lang Lasalle Inc. Add 22.36% 12,560 0.12
785725Q - Catellus Development Corp. Add 22.19% 53,465 0.71
769050Q - Commercial Federal Corp. Add 21.80% 371 0.01
2900474Q - Criimi Mae Inc. Add 21.70% 4,783 0.09
JOE - St. Joe Co. Add 21.22% 111,535 0.60
TXU - TXU Corp. Add 20.69% 1,258,017 0.08
STJ - St. Jude Medical Inc. Add 20.43% 2,685 0.03
ITG - Investment Technology Group. Add 20.09% 467 0.01
TRN - Trinity Industries Add 18.91% 7,901 0.11
SUND - Suncor Energy Inc. Add 18.00% 8,588 0.08
SCMR - Sycamore Networks, Inc. Add 17.61% 9,883 0.12
3026360Q - Scientific-Atlanta, Inc. Add 17.29% 1,042 0.01
3307381Q - Trammell Crow Company Add 17.25% 23,651 0.43
SYBG - Sybase Inc. Add 16.76% 1,577 0.04
RTI - RTI International Metals, Inc. Add 16.71% 1,183 0.02
CMOS - Credence Systems Add 16.60% 9,126 0.44
VNO - Vornado Realty Trust Add 16.44% 17,788 0.10
TRC - Tejon Ranch Co. Add 15.20% 29,799 0.25
LF - Leapfrog Enterprises Inc. Add 14.86% 6,817 0.26
BELFB - Bel Fuse Inc. CL B Add 14.58% 3,654 0.05
ACMTA - Acmat Corp.- Class A Add 13.53% 338 0.01
2857666Q - Bandag, Incorporated Add 13.46% 2,771 0.03
NAL - NewAlliance Bancshares, Inc. Add 13.34% 9,251 0.29
INGP - Instinet Group Inc. Add 13.08% 9,619 0.08
IBAAY - Industrias Bachoco, S.A. DE C.V. Add 12.24% 1,098 0.03
CITGQ - CIT Group Inc. Add 12.04% 4,945 0.05
STC - Stewart Information Services Corp. Add 11.94% 2,150 0.02
AVX - AVX Corp. Add 11.91% 21,508 0.08
BPPNZ - BPP Liquidating Trust Add 11.69% 9 0.04
OLP - One Liberty Properties Add 11.61% 2,157 0.05
FCYA - Forest City Enterprise Add 10.83% 47,933 0.29
PSB - PS Business Parks, Inc. Add 10.42% 7,972 0.08
CNX - CNX Resources Corp. Add 10.34% 381 0.01
ECA - Encana Corp. Add 9.92% 11,726 0.13
JNC - Nuveen Investments, Inc., Add 9.62% 1,617 0.02
ACGL - Arch Capital Group Ltd. Add 9.12% 7,297 0.07
8394653Q - Prologis Trust SBI Add 9.09% 8,785 0.10
FPO - First Potomac Realty Trust SBI Add 8.53% 1,108 0.02
TD - The Toronto-Dominion Bank Add 7.99% 54 0.00
BHS - Brookfield Homes Corp Add 7.80% 1,033 0.01
NTLIV - NTL Inc. Add 7.51% 55 0.00
IRS - Irsa Sp ADR Add 7.47% 339 0.01
SWS - SWS Group Inc. Add 7.18% 216 0.01
HRLY - Herley Industries, Inc. Add 6.97% 627 0.01
AH1 - Avatar Holdings Inc. Add 6.66% 2,318 0.02
1013516Q - CRT Properties Inc Add 6.17% 109,145 0.22
BELFA - Bel Fuse Inc. Add 5.93% 418 0.01
ALOG - Analogic Corporation Add 5.64% 275 0.00
PFE - Pfizer Inc. Add 5.06% 250 0.00
SXI - Standex International Corp Add 4.06% 533 0.01
TPGI - Thomas Properties Group INC Add 2.56% 703 0.02
COHR - Coherent Corp. Add 2.55% 808 0.01
1367506D - Forest City Enterprise Add 2.47% 25 0.00
8138927Q - 3Com Corp Add 2.25% 8 0.00
TMP - Tompkins Trustco Inc. Add 1.98% 42 0.00
VSH - Vishay Intertechnology Add 1.98% 136 0.01
FLA - Florida East Coast Industries, Inc. Add 1.92% 45 0.00
PGE - Prime Group Realty Trust Add 0.84% 38 0.00
NBR - Nabors Industries Ltd. Add 0.76% 731 0.01
CCRN - Cross Country Healthcare, Inc. Add 0.29% 156 0.00
CFNB - California First National Bank Buy 3,412,691 0.98
DCH - Dauch Corp. Buy 25,230 0.43
MVK - Maverick Tube Corp. Buy 23,712 0.35
LAVA - Magma Design Automation, Inc. Buy 5,226 0.27
PHH - PHH Corporation Buy 14,118 0.24
SN8 - Spirit Finance Corp. Buy 128 0.00
Q1 2005
2307532Q - American Power Conversion Corp Add 42,670.26% 130,571 2.33
785725Q - Catellus Development Corp. Add 16,047.65% 239,431 4.20
FCYA - Forest City Enterprise Add 6,732.83% 436,153 3.20
JOE - St. Joe Co. Add 6,123.32% 517,053 3.59
RDN - Radian Group Inc. Add 5,813.75% 112,903 1.11
LM - Legg Mason Inc. Add 3,030.84% 191,761 1.15
TRC - Tejon Ranch Co. Add 2,406.38% 188,275 1.98
AVX - AVX Corp. Add 1,969.72% 171,917 0.66
EFII - Electronics for Imaging Add 1,726.13% 57,152 1.50
CMVT - Comverse Technology, Inc. Add 1,391.24% 95,912 1.78
NBR - Nabors Industries Ltd. Add 1,249.60% 89,634 0.71
LF - Leapfrog Enterprises Inc. Add 524.21% 38,519 1.59
AEC - Associated Estates Realty Corporation Add 449.44% 14,499 0.68
INGP - Instinet Group Inc. Add 237.09% 51,730 0.41
KSWS - K-Swiss Incl Add 154.68% 18,710 0.27
ESIO - Electro Scientific Industries, Inc. Add 122.01% 41,308 0.99
JLL - Jones Lang Lasalle Inc. Add 109.49% 29,361 0.29
ANLD - American Land Lease Inc. Add 90.11% 5,075 0.10
JAKK - Jakks Pacific, Inc. Add 75.64% 33,836 0.74
SUND - Suncor Energy Inc. Add 71.21% 19,847 0.23
AKR - Acadia Realty Trust Add 60.10% 10,023 0.29
2900474Q - Criimi Mae Inc. Add 44.85% 6,823 0.16
CTO - CTO Realty Growth Inc. Add 32.21% 9,217 0.08
SSUP - Superior Industries International, Inc. Add 30.42% 24,556 0.43
CMOS - Credence Systems Add 26.93% 11,661 0.69
HAYN - Haynes International Inc. Add 26.69% 1,784 0.04
NAL - NewAlliance Bancshares, Inc. Add 25.06% 13,898 0.46
BHS - Brookfield Homes Corp Add 24.17% 2,579 0.03
2857666Q - Bandag, Incorporated Add 23.42% 3,906 0.04
ECA - Encana Corp. Add 23.37% 22,396 0.15
VNO - Vornado Realty Trust Add 19.23% 17,450 0.12
BKE - Buckle Inc. Add 18.36% 712 0.01
8285437Q - Fording Canadian Coal Trust UNIT Add 17.80% 9,737 0.05
PSB - PS Business Parks, Inc. Add 15.27% 10,134 0.12
ACPIQ - Anthracite Capital Inc. Add 13.85% 752 0.03
3307381Q - Trammell Crow Company Add 13.72% 16,534 0.38
AGU - Agrium, Inc. Add 12.94% 8,199 0.21
ESREF - ESG Re Limited Add 12.50% 1 0.01
PKE - Park Electrochemical Corp. Add 12.20% 2,130 0.05
PGE - Prime Group Realty Trust Add 11.38% 460 0.03
PRXL - Parexel International Corp Add 11.25% 8,818 0.18
FHR - Fairmont Hotels & Resorts Inc Add 9.46% 2,347 0.03
1367506D - Forest City Enterprise Add 5.86% 56 0.00
IBAAY - Industrias Bachoco, S.A. DE C.V. Add 5.63% 478 0.02
8394653Q - Prologis Trust SBI Add 4.69% 4,332 0.05
BLX - Banco Latinoamericano Exportaciones, S. Add 2.52% 143 0.00
ACGL - Arch Capital Group Ltd. Add 2.08% 1,630 0.02
FPO - First Potomac Realty Trust SBI Add 0.22% 29 0.00
GMST - Gemstar-TV Guide International, Incorpo Buy 1,155,244 3.34
2925169Q - GEAC Computer Corp LTD Buy 42,289 2.22
SHLDQ - Sears Holding Corp. Buy 385,860 1.51
PKX - Posco ADR Buy 133,384 1.26
IRS - Irsa Sp ADR Buy 4,541 0.17
PFE - Pfizer Inc. Buy 4,939 0.09
FDT - Feldman Mall Properties, Inc. Buy 1,211 0.05
ADC - Agree Realty Corporation Buy 853 0.01
NTLIV - NTL Inc. Buy 732 0.01
TD - The Toronto-Dominion Bank Buy 676 0.01
Q4 2004
AVX - AVX Corp. Buy 8,728 20.48
JOE - St. Joe Co. Buy 8,444 13.31
FCYA - Forest City Enterprise Buy 6,478 11.02
785725Q - Catellus Development Corp. Buy 1,492 10.95
2307532Q - American Power Conversion Corp Buy 306 7.88
TRC - Tejon Ranch Co. Buy 7,824 6.90
CMVT - Comverse Technology, Inc. Buy 6,894 6.46
599864Q - LNR Property Corporation Buy 8,095 5.10
LM - Legg Mason Inc. Buy 6,327 4.02
RDN - Radian Group Inc. Buy 1,942 3.80
INGP - Instinet Group Inc. Buy 21,819 1.97
SCMR - Sycamore Networks, Inc. Buy 76,826 1.91
CMOS - Credence Systems Buy 43,305 1.05
AGU - Agrium, Inc. Buy 63,375 0.59
JAKK - Jakks Pacific, Inc. Buy 44,731 0.58
ESIO - Electro Scientific Industries, Inc. Buy 33,856 0.55
ALG - Alamo Group Inc. Buy 98,788 0.50
CCRN - Cross Country Healthcare, Inc. Buy 91,056 0.49
1013516Q - CRT Properties Inc Buy 15,968,546 0.40
TPGI - Thomas Properties Group INC Buy 63,044 0.34
8394653Q - Prologis Trust SBI Buy 92,284 0.29
NBR - Nabors Industries Ltd. Buy 7,173 0.26
EFII - Electronics for Imaging Buy 3,311 0.16
COHR - Coherent Corp. Buy 31,828 0.15
KSWS - K-Swiss Incl Buy 12,096 0.15
PPDI - Pharmaceutical Product Development Inc. Buy 58,927 0.15
SNPS - Synopsys Inc. Buy 82,156 0.13
BELFB - Bel Fuse Inc. CL B Buy 71,558 0.12
AMN - AMN Healthcare Services Buy 90,804 0.11
HTCH - Hutchinson Technology Inc. Buy 51,345 0.11
ANLD - American Land Lease Inc. Buy 5,632 0.07
1367506D - Forest City Enterprise Buy 955 0.00
1862602D - FSI International, Inc. Buy 444,632,083,585 0.00
2245546Q - Advanced Power Technology Buy 4,123 0.00
2857666Q - Bandag, Incorporated Buy 16,676 0.00
2900474Q - Criimi Mae Inc. Buy 15,214 0.00
3026360Q - Scientific-Atlanta, Inc. Buy 7,050 0.00
3307381Q - Trammell Crow Company Buy 120,534 0.00
769050Q - Commercial Federal Corp. Buy 1,828 0.00
8138927Q - 3 Com Corp Buy 417 0.00
8285437Q - Fording Canadian Coal Trust UNIT Buy 54,699 0.00
ACGL - Arch Capital Group Ltd. Buy 78,374 0.00
ACMTA - Acmat Corp.- Class A Buy 2,588 0.00
ACPIQ - Anthracite Capital Inc. Buy 5,431 0.00
AEC - Associated Estates Realty Corporation Buy 3,226 0.00
AH1 - Avatar Holdings Inc. Buy 35,830 0.00
AKR - Acadia Realty Trust Buy 16,678 0.00
ALCO - Alico, Inc. Buy 20,675 0.00
ALOG - Analogic Corporation Buy 5,235 0.00
BELFA - Bel Fuse Inc. Buy 8,509 0.00
BHS - Brookfield Homes Corp Buy 10,671 0.00
BKE - Buckle Inc. Buy 3,879 0.00
BLX - Banco Latinoamericano Exportaciones, S.A. Buy 5,682 0.00
BPO - Brookfield Properties Buy 122,195,080,342 0.00
BPPNZ - BPP Liquidating Trust Buy 110 0.00
CITGQ - CIT Group Inc. Buy 48,906 0.00
CNX - CNX Resources Corp. Buy 4,704 0.00
CRESY - Cresud S.A. ADR Buy 4,199 0.00
CTO - CTO Realty Growth Inc. Buy 28,613 0.00
CVCO - Cavco Industries, Inc. Buy 23,963,834,078 0.00
DEL - Deltic Timber Buy 17,194 0.00
ECA - Encana Corp. Buy 95,820 0.00
ESREF - ESG Re Limited Buy 8 0.00
FHR - Fairmont Hotels & Resorts Inc Buy 24,805 0.00
FLA - Florida East Coast Industries, Inc. Buy 2,481 0.00
FPO - First Potomac Realty Trust SBI Buy 12,957 0.00
HAYN - Haynes International Inc. Buy 6,685 0.00
HRLY - Herley Industries, Inc. Buy 9,190 0.00
IBAAY - Industrias Bachoco, S.A. DE C.V. Buy 8,489 0.00
IM - Ingram Micro Inc. Buy 4,236 0.00
ITG - Investment Technology Group. Buy 2,656 0.00
IXYS - IXYS Corp Buy 5,471 0.00
JLL - Jones Lang Lasalle Inc. Buy 26,817 0.00
JNC - Nuveen Investments, Inc., Buy 19,336 0.00
LF - Leapfrog Enterprises Inc Buy 7,348 0.00
LNN - Lindsay Manufacturing Co. Buy 24,707 0.00
LSE - Capital Lease Funding Inc. Buy 4,986 0.00
MBI - MBIA Inc. Buy 138,067 0.00
MRH - Montpelier Re Holdings Ltd. Buy 28,356 0.00
NAL - NewAlliance Bancshares, Inc. Buy 55,462 0.00
NW1A - National Western Life Ins-Cl A Buy 4,568 0.00
OLP - One Liberty Properties Buy 20,354 0.00
PAAS - Pan American Silver Corp. Buy 207 0.00
PGE - Prime Group Realty Trust Buy 4,043 0.00
PKE - Park Electrochemical Corp. Buy 17,462 0.00
PLNR - Planar Systems Inc. Buy 2,776 0.00
PRXL - Parexel International Corp Buy 78,393 0.00
PSB - PS Business Parks, Inc. Buy 66,368 0.00
PWR - Quanta Services, Inc. Buy 77,148 0.00
RTI - RTI International Metals, Inc. Buy 7,776 0.00
SKY - Skyline Champion Corp. Buy 328,615,066,948 0.00
SSUP - Superior Industries International, Inc. Buy 80,721 0.00
STC - Stewart Information Services Corp. Buy 19,983 0.00
STJ - St. Jude Medical Inc. Buy 15,310 0.00
SUND - Suncor Energy Inc. Buy 27,870 0.00
SWS - SWS Group Inc. Buy 4,133 0.00
SXI - Standex International Corp Buy 13,689 0.00
SYBG - Sybase Inc. Buy 10,168 0.00
TCADR - Telecom Corp of New Zealand Ltd ADR Buy 446,248,020,852 0.00
TLAB - Tellabs, Inc. Buy 17,021,670,794 0.00
TMP - Tompkins Trustco Inc. Buy 2,418 0.00
TQNT - Triquint Semiconductor, Inc. Buy 2,227 0.00
TRN - Trinity Industries Buy 50,214 0.00
TWKGQ - Trenwick Group Ltd. Buy 2 0.00
TXU - TXU Corp. Buy 7,069,824 0.00
VNO - Vornado Realty Trust Buy 90,743 0.00
VSH - Vishay Intertechnology Buy 7,938 0.00
WHG - Westwood Holdings Group Inc. Buy 17,588 0.00
WRO - Woronoco Bancorp, Inc. Buy 14,334 0.00