Central Securities Corporation

Central Securities Corporation as of Dec. 31, 2011

Portfolio Holdings for Central Securities Corporation

Central Securities Corporation holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

                Voting Authority
                             Title                     Value    Shares/   Shares/  Put/  Investment   Other     --------------------
   Name of Issuer           of Class        CUSIP    (x$1000)  Principal Principal Call  Descretion  Manager    Sole   Shared   None
      Column 1              Column 2       Column 3  Column 4  Column 5   Column 5        Column 6   Column 7          Column
                                                                                                                         8
{S}                           {C}          {C}          {C}        {C}    {C}             {C}                   {C}     {C}     {C}
Agilent Technologies, Inc.   Common     00846U 10 1   24,451    700,000   SH             SOLE                  700,000   0       0
Analog Devices, Inc.         Common     032654 10 5   25,762    720,000   SH             SOLE                  720,000   0       0
The Bank of New York Mellon  Common     064058 10 0   18,417    925,000   SH             SOLE                  925,000   0       0
Corporation
Brady Corporation            Class A    104674 10 6   23,362    740,000   SH             SOLE                  740,000   0       0
Carlisle Companies Inc.      Common     142339 10 0    2,215     50,000   SH             SOLE                   50,000   0       0
CEVA, Inc.                   Common     157210 10 5   25,670    848,300   SH             SOLE                  848,300   0       0
Coherent, Inc.               Common     192479 10 3   41,868    801,000   SH             SOLE                  801,000   0       0
Convergys Corporation        Common     212485 10 6   21,709  1,700,000   SH             SOLE                1,700,000   0       0
Devon Energy Corporation     Common     25179M 10 3   12,400    200,000   SH             SOLE                  200,000   0       0
Flextronics International
  Ltd.                       Common     Y2573F 10 2    3,566    630,000   SH             SOLE                  630,000   0       0
General Electric Company     Common     369604 10 3    3,582    200,000   SH             SOLE                  200,000   0       0
GeoMet Inc.                  Common     37250U 20 1    1,860  2,000,000   SH             SOLE                2,000,000   0       0
GeoMet Inc.                  Preferred  37250U 30 0    2,385    237,790   SH             SOLE                  237,790   0       0
                              Conv.A
Heritage-Crystal Clean Inc.  Common     42726M 10 6    6,851    413,712   SH             SOLE                  413,712   0       0
Intel Corporation            Common     458140 10 0   36,375  1,500,000   SH             SOLE                1,500,000   0       0
Johnson & Johnson            Common     478160 10 4    6,558    100,000   SH             SOLE                  100,000   0       0
JP Morgan Chase & Co.        Common     46625H 10 0    3,325    100,000   SH             SOLE                  100,000   0       0
McMoRan Exploration
  Corporation                Common     582411 10 4    9,126    627,200   SH             SOLE                  627,200   0       0
Medtronic, Inc.              Common     585055 10 6    3,825    100,000   SH             SOLE                  100,000   0       0
Merck & Co.Inc.              Common     58933Y 10 5    3,770    100,000   SH             SOLE                  100,000   0       0
Mindspeed Technologies Inc.  Common     602682 20 5    6,412  1,400,000   SH             SOLE                1,400,000   0       0
Motorola Solutions Inc.      Common     620076 30 7    9,258    200,000   SH             SOLE                  200,000   0       0
Murphy Oil Corporation       Common     626717 10 2   15,607    280,000   SH             SOLE                  280,000   0       0
NewStar Financial, Inc.      Common     65261F 10 5      367     36,094   SH             SOLE                   36,094   0       0
Precision Castparts
  Corporation                Common     740189 10 5   16,479    100,000   SH             SOLE                  100,000   0       0
QEP Resources Inc.           Common     74733V 10 0    9,376    320,000   SH             SOLE                  320,000   0       0
RadiSys Corporation          Common     750459 10 9    6,021  1,190,000   SH             SOLE                1,190,000   0       0
Roper Industries, Inc.       Common     776696 10 6   15,637    180,000   SH             SOLE                  180,000   0       0
Sonus Networks, Inc.         Common     835916 10 7    7,200  3,000,000   SH             SOLE                3,000,000   0       0
Vical Incorporated           Common     925602 10 4    1,005    228,000   SH             SOLE                  228,000   0       0
Vodafone Group PLC           Sponsored  92857W 20 9    7,568    270,000   SH             SOLE                  270,000   0       0
                               ADR
Walgreen Co.                 Common     931422 10 9    7,273    220,000   SH             SOLE                  220,000   0       0
Xerox Corporation            Common     984121 10 3    9,472  1,190,000   SH             SOLE                1,190,000   0       0