Breithorn Capital Management

Companies in the Breithorn Capital Management portfolio as of September 2012 quarter

                TITLE OF	      VALUE     SHARES/  SH/ PUT/ INVSTMT    OTHER	VOTING AUTHORITY
	NAME OF ISSUER		CLASS	CUSIP	     (x$1000)   PRN AMT  PRN CALL DSCRETN   MANAGERS SOLE    SHARED    NONE
-------------------- 		------	---------    --------   -------- --- ---- ------- ---------- -------- -------- --------
{S}                            {C}      {C}             {C}      {C}  	 {C} {C}  {C}    {C}           	 {C}      {C}      {C}
ALLSCRIPTS HEALTHCARE SOLUTION	COM	01988P108	3338	268720	  SH	Sole			268720	  0	0
AMDOCS LTD			COM	G02602103	3457	104800	  SH	Sole			104800	  0	0
AOL INC				COM	00184X105	1761	50000	  SH	Sole			50000	  0	0
BABCOCK & WILCOX CO		COM	05615F102	2651	104065	  SH	Sole			104065	  0	0
BIO RAD LABORATORIES INC CL A	COM	090572207	4252	39840	  SH	Sole			39840	  0	0
BMC SOFTWARE INC		COM	055921100	2092	50420	  SH	Sole			50420	  0	0
BRINKS CO			COM	109696104	3147	122510	  SH	Sole			122510	  0	0
CATERPILLAR INC			COM	149123101	1119	13005.66  SH	Sole			13005.66  0	0
CHEMED CORP			COM	16359R103	4232	61070	  SH	Sole			61070	  0	0
CHEVRON CORP			COM	166764100	4079	34991.82  SH	Sole			34991.82  0	0
COMPUTER SCIENCES CORP		COM	205363104	5112	158700	  SH	Sole			158700	  0	0
COMPUWARE CORP			COM	205638109	3169	320380	  SH	Sole			320380	  0	0
CSX CORP			COM	126408103	1705	82147.04  SH	Sole			82147.04  0	0
DEVON ENERGY CORP		COM	25179M103	1067	17628.29  SH	Sole			17628.29  0	0
DST SYSTEMS INC			COM	233326107	4364	77150	  SH	Sole			77150	  0	0
EASTMAN CHEM CO			COM	277432100	217	3800	  SH	Sole			3800	  0	0
ENTEGRIS INC			COM	29362U104	2032	250000	  SH	Sole			250000	  0	0
EQUAL ENERGY LTD		COM	29390Q109	1012	294051	  SH	Sole			294051	  0	0
EXELIS INC			COM	30162A108	2018	195180	  SH	Sole			195180	  0	0
FLUOR CORP			COM	343412102	1576	28008.76  SH	Sole			28008.76  0	0
FREEPORT-MCMORAN COPPER & GOLD	COM	35671D857	646	16329.39  SH	Sole			16329.39  0	0
FURIEX PHARMACEUTICALS INC	COM	36106P101	1717	90000	  SH	Sole			90000	  0	0
GARDNER DENVER INC		COM	365558105	4311	71360	  SH	Sole			71360	  0	0
HARTFORD FINANCIAL SERVICES GR	COM	416515104	3859	198490	  SH	Sole			198490	  0	0
HAWAIIAN TELCOM HOLDCO INC	COM	420031106	2723	153578	  SH	Sole			153578	  0	0
INTERDIGITAL INC		COM	45867G101	1053	28265.57  SH	Sole			28265.57  0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	2331	11236.09  SH	Sole			11236.09  0	0
MARVELL TECHNOLOGY GROUP LTD	COM	G5876H105	1982	216450	  SH	Sole			216450	  0	0
MCDERMOTT INTL INC		COM	580037109	2781	227550	  SH	Sole			227550	  0	0
MEADWESTVACO CORP		COM	583334107	3791	123890	  SH	Sole			123890	  0	0
MORGAN STANLEY			COM	617446448	1421	84902.04  SH	Sole			84902.04  0	0
NORDION INC			COM	65563C105	4175	618520	  SH	Sole			618520	  0	0
NORTHWEST BANCSHARES INC MD	COM	667340103	3232	264300	  SH	Sole			264300	  0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	1742	70000	  SH	Sole			70000	  0	0
ORITANI FINANCIAL CORP		COM	68633D103	2077	137997	  SH	Sole			137997	  0	0
PDL BIOPHARMA INC		COM	69329Y104	116	15060	  SH	Sole			15060	  0	0
PEABODY ENERGY CORP		COM	704549104	3083	138310	  SH	Sole			138310	  0	0
PENDRELL CORP			COM	70686R104	203	180000	  SH	Sole			180000	  0	0
PENNEY J C INC			COM	708160106	2534	104310	  SH	Sole			104310	  0	0
PHILIP MORRIS INTL INC		COM	718172109	317	3530	  SH	Sole			3530	  0	0
PROGRESS SOFTWARE CORP		COM	743312100	4043	188996	  SH	Sole			188996	  0	0
REGIS CORP MINN			COM	758932107	3729	202860	  SH	Sole			202860	  0	0
REINSURANCE GROUP AMERICA INC	COM	759351604	240	4150	  SH	Sole			4150	  0	0
ROCKWELL AUTOMATION INC		COM	773903109	731	10517.59  SH	Sole			10517.59  0	0
TELEPHONE & DATA SYSTEMS INC	COM	879433829	3931	153510	  SH	Sole			153510	  0	0
TRONOX LTD CL A			COM	Q9235V101	1819	80300	  SH	Sole			80300	  0	0
UNIVERSAL AMERICAN CORP		COM	91338E101	2476	267923	  SH	Sole			267923	  0	0
VCA ANTECH INC			COM	918194101	3055	154940	  SH	Sole			154940	  0	0
VIEWPOINT FINANCIAL GROUP INC 	COM	92672A101	2515	131181	  SH	Sole			131181	  0	0
VISTEON CORP			COM	92839U206	3060	68820	  SH	Sole			68820	  0	0
WILLIS GROUP HOLDINGS PUBLIC L	COM	G96666105	2760	74750	  SH	Sole			74750	  0	0
WORLD WRESTLING ENTERTAINMENT 	COM	98156Q108	1299	161340	  SH	Sole			161340	  0	0
YAHOO INC			COM	984332106	3702	231750	  SH	Sole			231750	  0	0
YAMANA GOLD INC			COM	98462Y100	1556	81422.83  SH	Sole			81422.83  0	0