Great Oaks Capital Management as of March 31, 2012
Portfolio Holdings for Great Oaks Capital Management
Great Oaks Capital Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- ------ ------- --- ---- ------- ------- ------ ----- ----
1-800-FLOWERS.COM CMN CLASS A CL A 68243Q106 232 76700 SH SOLE NONE 76700
21ST CENTURY HOLDING CO. CMN COM 90136Q100 117 26002 SH SOLE NONE 26002
3M COMPANY CMN COM 88579Y101 624 6996 SH SOLE NONE 6996
8X8 INC CMN COM 282914100 162 38500 SH SOLE NONE 38500
A SCHULMAN INC CMN COM 808194104 237 8753 SH SOLE NONE 8753
A. H. BELO CORPORATION CMN SERIES A SER A 001282102 1660 340108 SH SOLE NONE 340108
AAR CORP CMN COM 000361105 438 24000 SH SOLE NONE 24000
ABBOTT LABORATORIES CMN COM 002824100 3090 50400 SH SOLE NONE 50400
ABERCROMBIE & FITCH CO. CLASS A COMMON STOCSER A 002896207 1340 27100 SH SOLE NONE 27100
ACCURIDE CORP CMN COM 00439T206 122 14000 SH SOLE NONE 14000
ACE LIMITED CMN COM H0023R105 376 5140 SH SOLE NONE 5140
ACME PACKET INC CMN COM 004764106 222 8079 SH SOLE NONE 8079
ACME PACKET INC CMN COM 004764106 550 20000 SH CALL SOLE NONE 20000
ADOBE SYSTEMS INC CMN COM 00724F101 459 13370 SH SOLE NONE 13370
AEROPOSTALE, INC. CMN COM 007865108 826 38200 SH SOLE NONE 38200
AETNA INC CMN COM 00817Y108 602 12000 SH SOLE NONE 12000
AFLAC INCORPORATED CMN COM 001055102 207 4500 SH SOLE NONE 4500
AGILYSYS INC CMN COM 00847J105 196 21810 SH SOLE NONE 21810
AIR TRANSPORT SERVICES GROUP I*NC CMN COM 00922R105 404 69846 SH SOLE NONE 69846
AK STEEL HOLDING CORP CMN COM 001547108 334 44170 SH SOLE NONE 44170
AKAMAI TECHNOLOGIES INC CMN COM 00971T101 862 23490 SH SOLE NONE 23490
ALCATEL-LUCENT SPONSORED ADR CMN COM 013904305 584 257077 SH SOLE NONE 257077
ALCATEL-LUCENT SPONSORED ADR CMN COM 013904305 585 257700 SH CALL SOLE NONE 257700
ALCOA INC. CMN COM 013817101 543 54230 SH SOLE NONE 54230
ALCOA INC. CMN COM 013817101 2630 262400 SH CALL SOLE NONE 262400
ALLEGHANY CORP (DELAWARE) CMN COM 017175100 2040 6195 SH SOLE NONE 6195
ALLSTATE CORPORATION COMMON STOCK COM 020002101 725 22025 SH SOLE NONE 22025
ALTRIA GROUP, INC. CMN COM 02209S103 288 9331 SH SOLE NONE 9331
AMERICAN AXLE & MFG HOLDINGS INC COM 024061103 682 58200 SH SOLE NONE 58200
AMERICAN EAGLE OUTFITTERS INC (NEW) COM 02553E106 1280 74325 SH SOLE NONE 74325
AMERICAN EXPRESS CO. CMN COM 025816109 230 3980 SH SOLE NONE 3980
AMERICAN INTL GROUP, INC. CMN COM 026874784 3340 108438 SH SOLE NONE 108438
AMERICAN INTL GROUP, INC. CMN COM 026874784 5400 175000 SH CALL SOLE NONE 175000
AMERISERV FINL INC CMN COM 03074A102 102 37211 SH SOLE NONE 37211
AMGEN INC. CMN COM 031162100 1550 22820 SH SOLE NONE 22820
AMKOR TECHNOLOGIES INC CMN COM 031652100 80 13000 SH SOLE NONE 13000
AMN HEALTHCARE SERVICES INC CMN COM 001744101 82 13500 SH SOLE NONE 13500
ANADARKO PETROLEUM CORP CMN COM 032511107 322 4110 SH SOLE NONE 4110
ANADIGICS INC. COMMON STOCK COM 032515108 49 20748 SH SOLE NONE 20748
ANIXTER INTERNATIONAL INC CMN COM 035290105 307 4231 SH SOLE NONE 4231
AOL INC. CMN COM 00184X105 370 19505 SH SOLE NONE 19505
APPLE, INC. CMN COM 037833100 30100 50200 SH SOLE NONE 50200
APPLIED MATERIALS INC CMN COM 038222105 824 66194 SH SOLE NONE 66194
ARCELORMITTAL CMN COM 03938L104 1760 91820 SH SOLE NONE 91820
ARRHYTHMIA RESCH TECH CMN COM 042698308 39 10685 SH SOLE NONE 10685
ASSURED GUARANTY LTD. CMN COM G0585R106 735 44500 SH SOLE NONE 44500
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMNCOM 046353108 919 20650 SH SOLE NONE 20650
AT^T INC CMN COM 00206R102 1500 47878 SH SOLE NONE 47878
ATLANTIC AMERICAN CORP CMN COM 048209100 105 36594 SH SOLE NONE 36594
ATMEL CORP. CMN COM 049513104 413 41900 SH SOLE NONE 41900
AUTOBYTEL INC CMN COM 05275N106 49 50000 SH SOLE NONE 50000
AVNET INC. CMN COM 053807103 207 5700 SH SOLE NONE 5700
AVX CORPORATION NEW COMMON STOCK COM 002444107 172 13000 SH SOLE NONE 13000
AXCELIS TECHNOLOGIES, INC. CMN COM 054540109 43 25000 SH SOLE NONE 25000
BAKER HUGHES INC CMN COM 057224107 839 20000 SH SOLE NONE 20000
BANCTRUST FINANCIAL GROUP INC CMN COM 05978R107 41 28516 SH SOLE NONE 28516
BANK MUTUAL CORPORATION CMN COM 063750103 88 21845 SH SOLE NONE 21845
BANK OF AMERICA CORP CMN COM 060505104 9250 966254 SH SOLE NONE 966254
BANK OF AMERICA CORP CMN COM 060505104 29500 3085200 SH CALL SOLE NONE 3085200
BANK OF AMERICA CORPORATION 7.25%C60505682 218 223 SH SOLE NONE 223
BARNES & NOBLE, INC CMN COM 067774109 292 22000 SH SOLE NONE 22000
BARRICK GOLD CORPORATION CMN COM 067901108 836 19230 SH SOLE NONE 19230
BEAZER HOMES USA,INC. CMN COM 07556Q105 195 60000 SH SOLE NONE 60000
BECTON DICKINSON & CO CMN COM 075887109 1390 17943 SH SOLE NONE 17943
BELO CORPORATION CMN SERIES A SER A 080555105 186 26000 SH SOLE NONE 26000
BERKSHIRE HATHAWAY INC. CLASS B CL B 084670702 3760 46286 SH SOLE NONE 46286
BEST BUY CO INC CMN COM 086516101 1890 80000 SH CALL SOLE NONE 80000
BEST BUY CO INC CMN SERIES COM 086516101 1330 56270 SH SOLE NONE 56270
BHP BILLITON LTD SPONSORED ADR CMN COM 088606108 1790 24730 SH SOLE NONE 24730
BLACKSTONE GROUP L.P. (THE) CMN COM 09253U108 9320 584690 SH SOLE NONE 584690
BLUE NILE, INC. CMN COM 09578R103 257 7799 SH SOLE NONE 7799
BOB EVANS FARMS, INC. CMN COM 096761101 822 21794 SH SOLE NONE 21794
BOISE INC. CMN COM 09746Y105 1230 150000 SH SOLE NONE 150000
BOSTON PRIVATE FINANCIAL HOLDINGS INC CMN COM 101119105 213 21540 SH SOLE NONE 21540
BOSTON SCIENTIFIC CORP. COMMON STOCK COM 101137107 764 127704 SH SOLE NONE 127704
BOSTON SCIENTIFIC CORP. COMMON STOCK COM 101137107 1450 243200 SH CALL SOLE NONE 243200
BP P.L.C. SPONSORED ADR CMN COM 055622104 1740 38610 SH SOLE NONE 38610
BRISTOL-MYERS SQUIBB COMPANY CMN COM 110122108 2000 59307 SH SOLE NONE 59307
BROADCOM CORP CL-A CMN CLASS A CL A 111320107 1800 45705 SH SOLE NONE 45705
BROADCOM CORP CL-A CMN CLASS A CL A 111320107 983 25000 SH CALL SOLE NONE 25000
BROCADE COMMUNICATIONS SYSTEMS*, INC. CMN COM 111621306 765 133100 SH SOLE NONE 133100
BROOKFIELD ASSET MANAGEMENT IN CMN COM 112585104 337 10690 SH SOLE NONE 10690
BROOKS AUTOMATION INC CMN COM 114340102 419 34000 SH SOLE NONE 34000
BROWN SHOE COMPANY INC CMN COM 115736100 952 103105 SH SOLE NONE 103105
CALAMP CORP CMN COM 128126109 97 20013 SH SOLE NONE 20013
CALGON CARBON CORPORATION CMN COM 129603106 164 10500 SH SOLE NONE 10500
CAMCO FINL CORP CMN COM 132618109 73 26018 SH SOLE NONE 26018
CAPE BANCORP, INC. CMN COM 139209100 117 14629 SH SOLE NONE 14629
CARMIKE CINEMAS INC CMN COM 143436400 362 25965 SH SOLE NONE 25965
CASCADE MICROTECH, INC. CMN COM 147322101 209 42272 SH SOLE NONE 42272
CASUAL MALE RETAIL GROUP, INC. CMN COM 148711302 61 18000 SH SOLE NONE 18000
CBEYOND, INC. CMN COM 149847105 162 20199 SH SOLE NONE 20199
CENTERSTATE BANKS INC CMN COM 15201P109 82 10000 SH SOLE NONE 10000
CENVEO INC CMN COM 15670S105 616 182195 SH SOLE NONE 182195
CHAMPION INDS INC W VA CMN COM 158520106 47 67948 SH SOLE NONE 67948
CHARMING SHOPPES, INC. CMN COM 161133103 77 13000 SH SOLE NONE 13000
CHECKPOINT SYS INC CMN COM 162825103 134 11874 SH SOLE NONE 11874
CHESAPEAKE ENERGY CORPORATION CMN COM 165167107 343 14820 SH SOLE NONE 14820
CHESAPEAKE LODGING TRUST CMN COM 165240102 323 18000 SH SOLE NONE 18000
CHEVRON CORPORATION CMN COM 166764100 1710 15960 SH SOLE NONE 15960
CHINA VALVES TECHNOLOGY, INC. CMN COM 169476207 49 21464 SH SOLE NONE 21464
CHRISTOPHER & BANKS CORPORATIO*N CMN COM 171046105 37 20000 SH SOLE NONE 20000
CHROMCRAFT REVINGTON INC COM CMN COM 171117104 46 36421 SH SOLE NONE 36421
CHUBB CORP CMN COM 171232101 668 9665 SH SOLE NONE 9665
CIRRUS LOGIC COMMON STOCK COM 172755100 846 35541 SH SOLE NONE 35541
CISCO SYSTEMS, INC. CMN COM 17275R102 7600 359420 SH SOLE NONE 359420
CITIGROUP INC. CMN COM 172967424 7970 217956 SH SOLE NONE 217956
CITIGROUP INC. CMN COM 172967424 12900 354300 SH CALL SOLE NONE 354300
CNA FINCL.CORP. CMN COM 126117100 394 13420 SH SOLE NONE 13420
CNO FINANCIAL GROUP INC CMN COM 12621E103 1010 130002 SH SOLE NONE 130002
COGDELL SPENCER INC CMN COM 19238U107 106 25000 SH SOLE NONE 25000
COLDWATER CREEK INC CMN COM 193068103 35 29996 SH SOLE NONE 29996
COMCAST CORPORATION CMN CLASS A NON VOTING CL A 20030N200 602 20415 SH SOLE NONE 20415
COMMERCIAL METALS CO CMN COM 201723103 1660 112059 SH SOLE NONE 112059
COMMUNICATIONS SYSTEMS INC CMN COM 203900105 335 25528 SH SOLE NONE 25528
COMPANHIA VALE DO RIO DOCE ADR COM 91912E105 1360 58280 SH SOLE NONE 58280
COMPUTER SCIENCES CORP CMN COM 205363104 359 12000 SH SOLE NONE 12000
COMTECH TELECOMM CORP NEW CMN COM 205826209 692 21230 SH SOLE NONE 21230
CONOCOPHILLIPS CMN COM 20825C104 2720 46965 SH SOLE NONE 46965
CONSOL ENERGY INC. CMN COM 20854P109 205 6000 SH SOLE NONE 6000
CONSTELLATION ENERGY PARTNERS *LLC CMN COM 21038E101 26 10000 SH SOLE NONE 10000
CONTINENTAL MATERIALS CORP CMN COM 211615307 341 19915 SH SOLE NONE 19915
CORNING INCORPORATED CMN COM 219350105 1230 87446 SH SOLE NONE 87446
COSTCO WHOLESALE CORPORATION CMN COM 22160K105 417 4593 SH SOLE NONE 4593
COVENTRY HEALTH CARE INC CMN COM 222862104 384 10789 SH SOLE NONE 10789
CREXENDO, INC. CMN COM 226552107 45 12787 SH SOLE NONE 12787
CSX CORPORATION CMN COM 126408103 1020 47250 SH SOLE NONE 47250
CUMMINS INC COMMON STOCK COM 231021106 804 6700 SH SOLE NONE 6700
CYPRESS SEMICONDUCTOR CORPORAT*ION CMN COM 232806109 199 12700 SH SOLE NONE 12700
DANA HOLDING CORPORATION CMN COM 235825205 1250 80500 SH SOLE NONE 80500
DANA HOLDING CORPORATION CMN COM 235825205 620 40000 SH CALL SOLE NONE 40000
DARDEN RESTAURANTS INC CMN COM 237194105 1400 27300 SH SOLE NONE 27300
DATAWATCH CORP CMN COM 237917208 163 12249 SH SOLE NONE 12249
DCP MIDSTREAM PARTNERS LP CMN COM 23311P100 281 6137 SH SOLE NONE 6137
DCT INDUSTRIAL TRUST INC. CMN COM 233153105 59 10000 SH SOLE NONE 10000
DDI CORP. CMN COM 233162502 144 11792 SH SOLE NONE 11792
DEERE & COMPANY CMN COM 244199105 283 3500 SH SOLE NONE 3500
DELIAS INC CMN COM 246911101 67 48175 SH SOLE NONE 48175
DELL INC CMN COM 24702R101 4790 288505 SH SOLE NONE 288505
DELL INC CMN COM 24702R101 4310 260000 SH CALL SOLE NONE 260000
DELPHI AUTOMOTIVE PLC CMN COM G27823106 509 16103 SH SOLE NONE 16103
DIRECTV CMN COM 25490A101 462 9371 SH SOLE NONE 9371
DISCOVER FINANCIAL SERVICES CMN COM 254709108 247 7420 SH SOLE NONE 7420
DITECH NETWORKS INC CMN COM 25500T108 32 32034 SH SOLE NONE 32034
DOW CHEMICAL CO CMN COM 260543103 255 7370 SH SOLE NONE 7370
E.I. DU PONT DE NEMOURS AND CO CMN COM 263534109 1930 36422 SH SOLE NONE 36422
EASTMAN KODAK COMPANY CMN COM 277461109 4 11000 SH SOLE NONE 11000
EATON CORPORATION CMN COM 278058102 700 14040 SH SOLE NONE 14040
EBAY INC. CMN COM 278642103 3170 85910 SH SOLE NONE 85910
ELECSYS CORP CMN COM 28473M100 84 20313 SH SOLE NONE 20313
ELI LILLY & CO CMN COM 532457108 4570 113502 SH SOLE NONE 113502
EMC CORPORATION MASS CMN COM 268648102 2230 74530 SH SOLE NONE 74530
EMERSON ELECTRIC CO. CMN COM 291011104 971 18600 SH SOLE NONE 18600
ERESEARCHTECHNOLOGY INC CMN COM 29481V108 94 12039 SH SOLE NONE 12039
ESTERLINE TECHNOLOGIES CORP. CMN COM 297425100 554 7754 SH SOLE NONE 7754
EXAMWORKS GROUP, INC. CMN COM 30066A105 419 33732 SH SOLE NONE 33732
EXCO RESOURCES INC CMN COM 269279402 113 17000 SH SOLE NONE 17000
EXELIS INC. CMN COM 30162A108 263 21000 SH SOLE NONE 21000
EXPEDIA, INC. CMN COM 30212P303 241 7198 SH SOLE NONE 7198
EXTREME NETWORKS INC CMN COM 30226D106 183 47737 SH SOLE NONE 47737
EXXON MOBIL CORPORATION CMN COM 30231G102 2100 24184 SH SOLE NONE 24184
FARMERS NATIONAL BANCORP CMN COM 309627107 130 20000 SH SOLE NONE 20000
FEDERAL SIGNAL CORP CMN COM 313855108 409 73482 SH SOLE NONE 73482
FEDEX CORP CMN COM 31428X106 784 8530 SH SOLE NONE 8530
FELCOR LODGING TRUST INC CMN COM 31430F101 190 52901 SH SOLE NONE 52901
FIDELITY SOUTHN CORP NEW CMN COM 316394105 66 10022 SH SOLE NONE 10022
FIFTH THIRD BANCORP CMN COM 316773100 3030 215810 SH SOLE NONE 215810
FIRST ACCEPTANCE CORP CMN COM 318457108 86 61827 SH SOLE NONE 61827
FIRST BANCORP (PUERTO RICO) CMN COM 318672706 146 33211 SH SOLE NONE 33211
FIRST NIAGARA FINANCIAL GROUP,* INC. CMN COM 33582V108 125 12680 SH SOLE NONE 12680
FLAGSTAR BANCORP, INC. CMN COM 337930507 176 191282 SH SOLE NONE 191282
FORD MOTOR COMPANY CMN COM 345370860 2020 162226 SH SOLE NONE 162226
FORD MOTOR COMPANY CMN COM 345370860 1370 110000 SH CALL SOLE NONE 110000
FREEPORT-MCMORAN COPPER & GOLD CMN COM 35671D857 4680 123080 SH SOLE NONE 123080
FRONTIER COMMUNICATIONS CORPORATION CMN COM 35906A108 180 43139 SH SOLE NONE 43139
FULL HOUSE RESORTS CMN COM 359678109 60 21083 SH SOLE NONE 21083
FURNITURE BRANDS INTERNATIONAL INC COM 360921100 70 41400 SH SOLE NONE 41400
GANNETT CO.INC. CMN COM 364730101 2460 160550 SH SOLE NONE 160550
GANNETT CO.INC. CMN COM 364730101 491 32000 SH CALL SOLE NONE 32000
GAP INC CMN COM 364760108 784 30000 SH SOLE NONE 30000
GEEKNET INC CMN COM 36846Q203 399 27616 SH SOLE NONE 27616
GENCORP INC CMN COM 368682100 124 17400 SH SOLE NONE 17400
GENERAL DYNAMICS CORP. CMN COM 369550108 1690 23000 SH SOLE NONE 23000
GENERAL ELECTRIC CO CMN COM 369604103 6970 347128 SH SOLE NONE 347128
GENERAL MOTORS COMPANY CMN COM 37045V100 967 37700 SH SOLE NONE 37700
GENERAL MOTORS COMPANY CMN COM 37045V100 546 21300 SH CALL SOLE NONE 21300
GENTIVA HEALTH SERVICES INC CMN COM 37247A102 280 32025 SH SOLE NONE 32025
GENWORTH FINANCIAL INC CMN CLASS A CL A 37247D106 2900 347963 SH SOLE NONE 347963
GENWORTH FINANCIAL INC CMN CLASS A CL A 37247D106 2300 276700 SH CALL SOLE NONE 276700
GEOEYE INC CMN COM 37250W108 900 37411 SH SOLE NONE 37411
GEOEYE INC CMN COM 37250W108 1230 51000 SH CALL SOLE NONE 51000
GLAXOSMITHKLINE PLC SPONSORED ADR CMN COM 37733W105 1910 42480 SH SOLE NONE 42480
GLEACHER & CO INC CMN COM 377341102 115 84341 SH SOLE NONE 84341
GLOBALSCAPE, INC CMN COM 37940G109 110 55141 SH SOLE NONE 55141
GLU MOBILE INC. CMN COM 379890106 68 14000 SH SOLE NONE 14000
GMX RESOURCES, INC. CMN COM 38011M108 59 46475 SH SOLE NONE 46475
GOLDMAN SACHS GROUP, INC.(THE) CMN COM 38141G104 6420 51615 SH SOLE NONE 51615
GOLDMAN SACHS GROUP, INC.(THE) CMN COM 38141G104 30400 244600 SH CALL SOLE NONE 244600
GOOGLE, INC. CMN CLASS A CL A 38259P508 12800 19955 SH SOLE NONE 19955
GREENBRIER COMPANIES INC CMN COM 393657101 288 14546 SH SOLE NONE 14546
GUARANTY BANCORP CMN COM 40075T102 68 34000 SH SOLE NONE 34000
HALLMARK FINL SERVICES, INC. CMN COM 40624Q203 138 17500 SH SOLE NONE 17500
HARMAN INTL INDS INC (NEW) CMN COM 413086109 234 5000 SH SOLE NONE 5000
HARRIS INTERACTIVE INC CMN COM 414549105 98 73345 SH SOLE NONE 73345
HARSCO CORPORATION CMN COM 415864107 425 18112 SH SOLE NONE 18112
HARTFORD FINANCIAL SRVCS GROUP CMN COM 416515104 1620 76827 SH SOLE NONE 76827
HARTFORD FINANCIAL SRVCS GROUP CMN COM 416515104 2000 95000 SH CALL SOLE NONE 95000
HEELYS, INC. CMN COM 42279M107 100 45205 SH SOLE NONE 45205
HERSHA HOSPITALITY TRUST CLASS A COMMON SHACL A 427825104 87 16000 SH SOLE NONE 16000
HESS CORPORATION CMN COM 42809H107 2620 44409 SH SOLE NONE 44409
HEWLETT-PACKARD CO. CMN COM 428236103 238 10008 SH SOLE NONE 10008
HOLLYWOOD MEDIA CORP CMN COM 436233100 14 12874 SH SOLE NONE 12874
HONEYWELL INTL INC CMN COM 438516106 346 5674 SH SOLE NONE 5674
HOPFED BANCORP INC CMN COM 439734104 90 10787 SH SOLE NONE 10787
HORSEHEAD HOLDING CORP. CMN COM 440694305 114 10000 SH SOLE NONE 10000
HOT TOPIC INC CMN COM 441339108 278 27415 SH SOLE NONE 27415
HOVNANIAN K ENTERPRISES INC CMN CLASS A CL A 442487203 52 21000 SH SOLE NONE 21000
HUDSON TECHNOLOGIES INC CMN COM 444144109 60 18100 SH SOLE NONE 18100
HUMANA INC. CMN COM 444859102 489 5290 SH SOLE NONE 5290
HUNTINGTON BANCSHARES INCORPOR*ATED CMN COM 446150104 3600 559250 SH SOLE NONE 559250
HUNTSMAN CORPORATION CMN COM 447011107 2250 160430 SH SOLE NONE 160430
ICG GROUP INC CMN COM 44928D108 125 14020 SH SOLE NONE 14020
IMATION CORPORATION CMN COM 45245A107 82 13284 SH SOLE NONE 13284
INFINERA CORPORATION CMN COM 45667G103 89 11000 SH SOLE NONE 11000
INFORMATION SVCS GRP, INC. CMN COM 45675Y104 24 17942 SH SOLE NONE 17942
INFOSPACE, INC. CMN COM 45678T300 306 23902 SH SOLE NONE 23902
INLAND REAL ESTATE CORPORATION CMN COM 457461200 109 12234 SH SOLE NONE 12234
INNOVATIVE SOLUTIONS & SUPPORT CMN COM 45769N105 67 15268 SH SOLE NONE 15268
INTEL CORPORATION CMN COM 458140100 11900 423453 SH SOLE NONE 423453
INTERPUBLIC GROUP COS CMN COM 460690100 1630 143270 SH SOLE NONE 143270
INTERSIL CORP CMN CLASS A CL A 46069S109 229 20450 SH SOLE NONE 20450
INTL BUSINESS MACHINES CORP CMN COM 459200101 2100 10078 SH SOLE NONE 10078
INTRALINKS HOLDINGS, INC. CMN COM 46118H104 441 83370 SH SOLE NONE 83370
ISHARES RUSSELL 2000 INDEX FUND COM 464287655 828 10000 SH SOLE NONE 10000
JAMES RIVER COAL COMPANY CMN COM 470355207 51 10000 SH SOLE NONE 10000
JANUS CAPITAL GROUP INC. CMN COM 47102X105 864 97000 SH SOLE NONE 97000
JDS UNIPHASE CORPORATION CMN COM 46612J507 274 18940 SH SOLE NONE 18940
JOHNSON & JOHNSON CMN COM 478160104 1480 22375 SH SOLE NONE 22375
JOURNAL COMMUNICATIONS INC CMN CLASS A CL A 481130102 2420 430607 SH SOLE NONE 430607
JPMORGAN CHASE & CO CMN COM 46625H100 6220 135363 SH SOLE NONE 135363
JUNIPER NETWORKS, INC. CMN COM 48203R104 906 39600 SH SOLE NONE 39600
JUNIPER NETWORKS, INC. CMN COM 48203R104 801 35000 SH CALL SOLE NONE 35000
K12 INC. CMN COM 48273U102 220 9300 SH SOLE NONE 9300
KEMET CORPORATION CMN COM 488360207 186 19923 SH SOLE NONE 19923
KEYCORP CMN COM 493267108 5260 618593 SH SOLE NONE 618593
KOHL'S CORP (WISCONSIN) CMN COM 500255104 1830 36566 SH SOLE NONE 36566
KOPIN CORP CMN COM 500600101 407 100000 SH SOLE NONE 100000
KOSS CORP CMN COM 500692108 101 18642 SH SOLE NONE 18642
K-SWISS INC. CLASS A CMN CLASS A CL A 482686102 88 21410 SH SOLE NONE 21410
K-SWISS INC. CLASS A CMN CLASS A CL A 482686102 400 97500 SH CALL SOLE NONE 97500
LATTICE SEMICONDUCTOR CORP CMN COM 518415104 231 35850 SH SOLE NONE 35850
LEAR CORPORATION CMN COM 521865204 809 17391 SH SOLE NONE 17391
LEGG MASON INC CMN COM 524901105 335 12000 SH SOLE NONE 12000
LEGGETT & PLATT INC CMN COM 524660107 575 25000 SH SOLE NONE 25000
LENDER PROCESSING SERVICES, IN*C. CMN COM 52602E102 231 8900 SH SOLE NONE 8900
LEVEL 3 COMMUNICATIONS INC CMN COM 52729N308 631 24539 SH SOLE NONE 24539
LEVEL 3 COMMUNICATIONS INC CMN COM 52729N308 1160 45000 SH CALL SOLE NONE 45000
LIBERTY GLOBAL INC CMN CLASS A CL A 530555101 551 10997 SH SOLE NONE 10997
LIBERTY GLOBAL, INC. CMN CLASS C CL C 530555309 390 8138 SH SOLE NONE 8138
LIBERTY INTERACTIVE CORP INTERACTIVE CMN CCL A 53071M104 542 28394 SH SOLE NONE 28394
LIBERTY MEDIA CORPORATION LIBERTY C CMN CLCL A 530322106 594 6740 SH SOLE NONE 6740
LIGHTBRIDGE CORPORATION CMN COM 53224K104 272 84903 SH SOLE NONE 84903
LINCOLN NATL.CORP.INC. CMN COM 534187109 1650 62505 SH SOLE NONE 62505
LINCOLN NATL.CORP.INC. CMN COM 534187109 1030 39000 SH CALL SOLE NONE 39000
LINEAR TECHNOLOGY CORP CMN COM 535678106 337 10000 SH SOLE NONE 10000
LO JACK CORP CMN COM 539451104 214 53888 SH SOLE NONE 53888
LOCKHEED MARTIN CORPORATION CMN COM 539830109 467 5200 SH SOLE NONE 5200
LOOKSMART LTD CMN COM 543442503 155 140020 SH SOLE NONE 140020
LOWES COMPANIES INC CMN COM 548661107 672 21425 SH SOLE NONE 21425
LSI CORPORATION COMMON STOCK COM 502161102 467 53804 SH SOLE NONE 53804
MARVELL TECHNOLOGY GROUP LTD. CMN COM G5876H105 992 63044 SH SOLE NONE 63044
MBIA INC CMN COM 55262C100 622 63450 SH SOLE NONE 63450
MBT FINL CORP CMN COM 578877102 96 41415 SH SOLE NONE 41415
MC CLATCHY COMPANY (HLDG CO) CLASS A COMMONCL A 579489105 828 286475 SH SOLE NONE 286475
MEDASSETS, INC. CMN COM 584045108 280 21300 SH SOLE NONE 21300
MEDTRONIC INC CMN COM 585055106 294 7500 SH SOLE NONE 7500
MEMC ELECTRONIC MATERIAL COMMON STOCK COM 552715104 36 10000 SH SOLE NONE 10000
MEMSIC INC CMN COM 586264103 53 12609 SH SOLE NONE 12609
MERCK & CO., INC. CMN COM 58933Y105 4840 125987 SH SOLE NONE 125987
MERITOR INC CMN COM 59001K100 353 43683 SH SOLE NONE 43683
MERITOR INC CMN COM 59001K100 525 65000 SH CALL SOLE NONE 65000
MERU NETWORKS INC CMN COM 59047Q103 83 20400 SH SOLE NONE 20400
METHODE ELECTRONICS, INC CMN COM 591520200 593 63880 SH SOLE NONE 63880
METLIFE, INC. CMN COM 59156R108 3220 86260 SH SOLE NONE 86260
METLIFE, INC. CMN COM 59156R108 1010 27100 SH CALL SOLE NONE 27100
METROCORP BANCSHARES CMN COM 591650106 171 17100 SH SOLE NONE 17100
MFRI INC CMN COM 552721102 82 10919 SH SOLE NONE 10919
MGIC INVESTMENT CORP COMMON STOCK COM 552848103 756 152477 SH SOLE NONE 152477
MICREL INC CMN COM 594793101 234 22804 SH SOLE NONE 22804
MICRON TECHNOLOGY, INC. CMN COM 595112103 448 55293 SH SOLE NONE 55293
MICROSOFT CORPORATION CMN COM 594918104 11400 352030 SH SOLE NONE 352030
MIDDLEBURG FINANCIAL CORP CMN COM 596094102 221 14042 SH SOLE NONE 14042
MODINE MFG CO CMN COM 607828100 177 20000 SH SOLE NONE 20000
MONSTER WORLDWIDE INC. CMN COM 611742107 780 79949 SH SOLE NONE 79949
MONSTER WORLDWIDE INC. CMN COM 611742107 1640 167800 SH CALL SOLE NONE 167800
MORGAN STANLEY CMN COM 617446448 9600 488922 SH SOLE NONE 488922
MORGAN STANLEY CMN COM 617446448 12400 630000 SH CALL SOLE NONE 630000
MORGANS HOTEL GROUP CO CMN COM 61748W108 101 20306 SH SOLE NONE 20306
MOVE INC CMN COM 62458M207 165 17000 SH SOLE NONE 17000
MUELLER WATER PRODUCTS, INC. CMN SERIES A SER A 624758108 179 53900 SH SOLE NONE 53900
NASDAQ OMX GROUP, INC. CMN COM 631103108 531 20500 SH SOLE NONE 20500
NATIONAL PENN BANCSHARES CMN COM 637138108 578 65300 SH SOLE NONE 65300
NAUTILUS INC CMN COM 63910B102 57 20435 SH SOLE NONE 20435
NAVARRE CORP CMN COM 639208107 106 59420 SH SOLE NONE 59420
NAVIGANT CONSULTING INC CMN COM 63935N107 191 13700 SH SOLE NONE 13700
NAVISTAR INTL CORP (NEW) CMN COM 63934E108 1580 39000 SH SOLE NONE 39000
NCR CORPORATION CMN COM 62886E108 326 15000 SH SOLE NONE 15000
NETAPP, INC. CMN COM 64110D104 780 17430 SH SOLE NONE 17430
NETSOL TECHNOLOGIES, INC. CMN COM 64115A204 24 64600 SH SOLE NONE 64600
NETWORK ENGINES INC CMN COM 64121A107 149 104180 SH SOLE NONE 104180
NEUTRAL TANDEM, INC. CMN COM 64128B108 375 30735 SH SOLE NONE 30735
NEW YORK TIMES CO.A CMN CLASS A CL A 650111107 804 118395 SH SOLE NONE 118395
NEWBRIDGE BANCORP CMN COM 65080T102 316 65980 SH SOLE NONE 65980
NEWS CORPORATION CMN CLASS A CL A 65248E104 1420 72068 SH SOLE NONE 72068
NEWS CORPORATION CMN CLASS B CL B 65248E203 875 43830 SH SOLE NONE 43830
NEWTEK BUSINESS SERVICES INC CMN COM 652526104 39 25930 SH SOLE NONE 25930
NEXEN INC. CMN COM 65334H102 260 14170 SH SOLE NONE 14170
NII HOLDINGS, INC. CMN CLASS B CL B 62913F201 256 14000 SH SOLE NONE 14000
NOKIA CORP SPON ADR SPONSORED ADR CMN COM 654902204 451 82120 SH SOLE NONE 82120
NORFOLK SOUTHERN CORPORATION CMN COM 655844108 905 13750 SH SOLE NONE 13750
NORTHERN TRUST CORP CMN COM 665859104 427 9000 SH SOLE NONE 9000
NORTHROP GRUMMAN CORP CMN COM 666807102 428 7000 SH SOLE NONE 7000
NOVARTIS AG-ADR SPONSORED ADR CMN COM 66987V109 3770 68000 SH SOLE NONE 68000
NTS REALTY HLDGS LTD CMN PARTNERSHIP COM 629422106 51 14604 SH SOLE NONE 14604
NUCOR CORPORATION CMN COM 670346105 6140 143025 SH SOLE NONE 143025
NUSTAR ENERGY L.P. CMN COM 67058H102 715 12110 SH SOLE NONE 12110
NUSTAR GP HOLDINGS, LLC CMN COM 67059L102 595 17180 SH SOLE NONE 17180
NVIDIA CORP CMN COM 67066G104 760 49350 SH SOLE NONE 49350
NVIDIA CORP CMN COM 67066G104 616 40000 SH CALL SOLE NONE 40000
OCCIDENTAL PETROLEUM CORP CMN COM 674599105 619 6500 SH SOLE NONE 6500
OCH-ZIFF CAPITAL MGMT, L.L.C. CMN CLASS A CL A 67551U105 144 15500 SH SOLE NONE 15500
OFFICIAL PMTS HLDGS INC CMN COM 67623R106 304 60000 SH SOLE NONE 60000
OLD NATIONAL BANCORP CMN COM 680033107 144 10928 SH SOLE NONE 10928
OLD REPUBLIC INTL CORP CMN COM 680223104 1180 111700 SH SOLE NONE 111700
ONEBEACON INSURANCE GROUP LTD CMN COM G67742109 228 14800 SH SOLE NONE 14800
ONEIDA FINANCIAL CORP. CMN COM 682479100 114 11462 SH SOLE NONE 11462
ONVIA INC CMN COM 68338T403 46 11700 SH SOLE NONE 11700
ORACLE CORPORATION CMN COM 68389X105 7280 249620 SH SOLE NONE 249620
OVERSTOCK.COM INC DEL CMN COM 690370101 365 69613 SH SOLE NONE 69613
OWENS CORNING CMN COM 690742101 530 14700 SH SOLE NONE 14700
OWENS-ILLINOIS INC CMN COM 690768403 280 12000 SH SOLE NONE 12000
PACER INTERNATIONAL INC CMN COM 69373H106 140 22180 SH SOLE NONE 22180
PACIFIC MERCANTILE BANCORP CMN COM 694552100 177 32300 SH SOLE NONE 32300
PACIFIC SUNWEAR OF CALIFORNIA INC COM 694873100 84 47600 SH SOLE NONE 47600
PARK STERLING BANK CMN COM 70086Y105 125 26100 SH SOLE NONE 26100
PEAPACK GLADSTONE FINANCIAL CORP CMN COM 704699107 245 18100 SH SOLE NONE 18100
PEOPLES UNITED FINANCIAL INC CMN COM 712704105 371 28074 SH SOLE NONE 28074
PEPSICO INC CMN COM 713448108 1260 19061 SH SOLE NONE 19061
PFIZER INC. CMN COM 717081103 5190 229191 SH SOLE NONE 229191
PHILIP MORRIS INTL INC CMN COM 718172109 820 9251 SH SOLE NONE 9251
PIPER JAFFRAY COMPANIES CMN COM 724078100 2750 103476 SH SOLE NONE 103476
PIXELWORKS, INC. CMN COM 72581M305 63 27449 SH SOLE NONE 27449
PIZZA INN HOLDINGS INC CMN COM 725846109 85 17580 SH SOLE NONE 17580
PNC FINANCIAL SERVICES GROUP CMN COM 693475105 2290 35535 SH SOLE NONE 35535
POINT 360 CMN COM 730507100 73 97800 SH SOLE NONE 97800
POPULAR, INC. CMN COM 733174106 112 54500 SH SOLE NONE 54500
PORTER BANCORP INC CMN COM 736233107 58 26473 SH SOLE NONE 26473
PREMIER FINANCIAL BANCORP CMN COM 74050M105 101 13032 SH SOLE NONE 13032
PREMIERWEST BANCORP CMN COM 740921200 69 35465 SH SOLE NONE 35465
PRESIDENTIAL LIFE CORP CMN COM 740884101 403 35285 SH SOLE NONE 35285
PROCTER & GAMBLE COMPANY (THE) CMN COM 742718109 1070 15850 SH SOLE NONE 15850
PRUDENTIAL FINANCIAL INC CMN COM 744320102 829 13070 SH SOLE NONE 13070
PULASKI FINL CORP CMN COM 745548107 173 21816 SH SOLE NONE 21816
PULTEGROUP INC. CMN COM 745867101 146 16500 SH SOLE NONE 16500
PVF CAPITAL CORP CMN COM 693654105 151 77331 SH SOLE NONE 77331
QLOGIC CORP CMN COM 747277101 729 41025 SH SOLE NONE 41025
QUALCOMM INC CMN COM 747525103 1770 26001 SH SOLE NONE 26001
RADIAN GROUP INC. CMN COM 750236101 1760 405700 SH SOLE NONE 405700
RADIOSHACK CORP CMN COM 750438103 303 48639 SH SOLE NONE 48639
RADIOSHACK CORP CMN COM 750438103 653 105000 SH CALL SOLE NONE 105000
RAIT FINANCIAL TRUST CMN COM 749227609 99 19966 SH SOLE NONE 19966
RAND LOGISTICS INC CMN COM 752182105 192 22804 SH SOLE NONE 22804
RAYTHEON CO CMN COM 755111507 422 8000 SH SOLE NONE 8000
REACHLOCAL INC CMN COM 75525F104 100 14000 SH SOLE NONE 14000
REALNETWORKS INC CMN COM 75605L708 229 23087 SH SOLE NONE 23087
RED LION HOTELS CORPORATION CMN COM 756764106 102 12477 SH SOLE NONE 12477
REGIONS FINANCIAL CORPORATION CMN COM 7591EP100 564 85600 SH SOLE NONE 85600
REPUBLIC AIRWAYS HOLDINGS, INC*. CMN COM 760276105 77 15600 SH SOLE NONE 15600
REPUBLIC FIRST BANCORP, INC. CMN COM 760416107 62 26064 SH SOLE NONE 26064
RESEARCH IN MOTION LIMITED CMN COM 760975102 4960 337600 SH CALL SOLE NONE 337600
REYNOLDS AMERICAN INC. CMN COM 761713106 207 5000 SH SOLE NONE 5000
RIVERVIEW BANCORP, INC. CMN COM 769397100 79 35000 SH SOLE NONE 35000
ROSETTA STONE INC CMN COM 777780107 205 19849 SH SOLE NONE 19849
SANDISK CORP CMN COM 80004C101 964 19442 SH SOLE NONE 19442
SANDISK CORP CMN COM 80004C101 496 10000 SH CALL SOLE NONE 10000
SCHLUMBERGER LTD CMN COM 806857108 636 9100 SH SOLE NONE 9100
SEALED AIR CORPORATION CMN COM 81211K100 608 31500 SH SOLE NONE 31500
SEARS HOLDINGS CORPORATION CMN COM 812350106 9540 143961 SH SOLE NONE 143961
SEARS HOLDINGS CORPORATION CMN COM 812350106 19900 300300 SH CALL SOLE NONE 300300
SEQUENOM INC CMN COM 817337405 54 13300 SH SOLE NONE 13300
SEVERN BANCORP INC, ANNAPOLIS CMN COM 81811M100 122 30723 SH SOLE NONE 30723
SHAW GROUP INC CMN COM 820280105 501 15800 SH SOLE NONE 15800
SHORETEL, INC. CMN COM 825211105 267 47000 SH SOLE NONE 47000
SHUTTERFLY, INC. CMN COM 82568P304 335 10700 SH SOLE NONE 10700
SIGMA DESIGNS INC CMN COM 826565103 116 22470 SH SOLE NONE 22470
SILICON GRAPHICS INTL CORP CMN COM 82706L108 397 41000 SH SOLE NONE 41000
SILICON GRAPHICS INTL CORP CMN COM 82706L108 2180 225000 SH CALL SOLE NONE 225000
SK TELECOM CO., LTD. SPONSORED ADR CMN COM 78440P108 556 40000 SH SOLE NONE 40000
SLM CORPORATION CMN COM 78442P106 167 10600 SH SOLE NONE 10600
SMITHFIELD FOODS INC. CMN COM 832248108 220 10000 SH SOLE NONE 10000
SONIC CORPORATION CMN COM 835451105 253 33000 SH SOLE NONE 33000
SONUS NETWORKS INC. CMN COM 835916107 44 15000 SH SOLE NONE 15000
SPRINT NEXTEL CORPORATION CMN COM 852061100 104 36600 SH SOLE NONE 36600
SRI/SURGICAL EXPRESS INC CMN COM 78464W104 68 18000 SH SOLE NONE 18000
STAGE STORES INC CMN COM 85254C305 315 19373 SH SOLE NONE 19373
STANDARD MICROSYSTEMS CMN COM 853626109 401 15497 SH SOLE NONE 15497
STANLEY FURNITURE INC (NEW) CMN COM 854305208 214 44642 SH SOLE NONE 44642
STAPLES, INC. CMN COM 855030102 1240 76660 SH SOLE NONE 76660
STAR GAS PARTNERS, L.P. COMMON UNITS REPRESCOM 85512C105 111 26720 SH SOLE NONE 26720
STATE STREET CORPORATION (NEW) CMN COM 857477103 250 5500 SH SOLE NONE 5500
STEEL DYNAMICS, INC. CMN COM 858119100 632 43499 SH SOLE NONE 43499
STEWART ENTERPRISES INC CLASS A CL A 860370105 61 10000 SH SOLE NONE 10000
STRATEGIC DIAGNOSTICS INC CMN COM 862700101 26 13869 SH SOLE NONE 13869
STRATEGIC HOTELS & RESORTS INC CMN COM 86272T106 171 26000 SH SOLE NONE 26000
SUN BANCORP INC (N.J.) CMN COM 86663B102 76 21606 SH SOLE NONE 21606
SUN HEALTHCARE GROUP INC CMN COM 86677E100 109 16000 SH SOLE NONE 16000
SUNLINK HEALTH SYSTEMS INC CMN COM 86737U102 32 26700 SH SOLE NONE 26700
SUNSTONE HOTEL INVESTORS INC. CMN COM 867892101 282 29000 SH SOLE NONE 29000
SUPERTEL HOSPITALITY INC CMN COM 868526104 11 10186 SH SOLE NONE 10186
SUSSEX BANCORP CMN COM 869245100 156 30332 SH SOLE NONE 30332
SWIFT TRANSPORTATION COMPANY CMN COM 87074U101 138 12000 SH SOLE NONE 12000
SYNOVUS FINANCIAL CORPORATION CMN COM 87161C105 403 196700 SH SOLE NONE 196700
TALBOTS, INC. CMN COM 874161102 93 30600 SH SOLE NONE 30600
TANDY BRANDS ACCESSORIES INC CMN COM 875378101 35 20210 SH SOLE NONE 20210
TARGET CORPORATION CMN COM 87612E106 2750 47180 SH SOLE NONE 47180
TERNIUM SA SPONSORED ADR CMN COM 880890108 260 11000 SH SOLE NONE 11000
TETRA TECHNOLOGIES INC (DEL) CMN COM 88162F105 104 11000 SH SOLE NONE 11000
TEVA PHARMACEUTICAL IND LTD ADS COM 881624209 1890 42000 SH SOLE NONE 42000
TEXAS INDUSTRIES INC CMN COM 882491103 210 6000 SH SOLE NONE 6000
TEXAS INSTRUMENTS INC. CMN COM 882508104 3260 97021 SH SOLE NONE 97021
THE BANK OF NY MELLON CORP CMN COM 064058100 2630 109000 SH SOLE NONE 109000
THE E.W. SCRIPPS COMPANY CMN CLASS A CL A 811054402 799 81000 SH SOLE NONE 81000
THE GOODYEAR TIRE & RUBBER COM*PANY CMN COM 382550101 868 77400 SH SOLE NONE 77400
THE HOME DEPOT, INC. CMN COM 437076102 1200 23770 SH SOLE NONE 23770
THE MOSAIC COMPANY CMN COM 61945C103 1300 23500 SH SOLE NONE 23500
THE TRAVELERS COMPANIES, INC CMN COM 89417E109 1450 24435 SH SOLE NONE 24435
THOMPSON CREEK METALS COMPANY *INC. CMN COM 884768102 81 12000 SH SOLE NONE 12000
TOTAL SA SPONSORED ADR CMN COM 89151E109 4380 85766 SH SOLE NONE 85766
TOTAL SA SPONSORED ADR CMN COM 89151E109 5110 100000 SH CALL SOLE NONE 100000
TOWER FINANCIAL CORPORATION COMMON STOCK COM 891769101 109 10261 SH SOLE NONE 10261
TRANSOCEAN LTD. CMN COM H8817H100 303 5544 SH SOLE NONE 5544
TRANSWITCH CORP CMN COM 894065309 73 27710 SH SOLE NONE 27710
TRANSWORLD ENTERTAINMENT CORP CMN COM 89336Q100 28 13402 SH SOLE NONE 13402
TRIQUINT SEMICONDUCTOR INC CMN COM 89674K103 1080 157000 SH SOLE NONE 157000
TRIQUINT SEMICONDUCTOR INC CMN COM 89674K103 621 90000 SH CALL SOLE NONE 90000
U.S. AUTO PARTS NETWORK, INC. CMN COM 90343C100 573 158762 SH SOLE NONE 158762
U.S. BANCORP CMN COM 902973304 533 16830 SH SOLE NONE 16830
UNIFI INC. CMN COM 904677200 105 10841 SH SOLE NONE 10841
UNION PACIFIC CORP. CMN COM 907818108 864 8040 SH SOLE NONE 8040
UNISYS CORPORATION CMN COM 909214306 543 27543 SH SOLE NONE 27543
UNISYS CORPORATION CMN COM 909214306 2450 124000 SH CALL SOLE NONE 124000
UNITED COMMUNITY FINANCIAL CORP COM 909839102 215 88061 SH SOLE NONE 88061
UNITED CONTINENTAL HOLDING INC CMN COM 910047109 425 19783 SH SOLE NONE 19783
UNITED ONLINE INC CMN COM 911268100 81 16600 SH SOLE NONE 16600
UNITED PARCEL SERVICE, INC. CLASS B COMMON CL B 911312106 823 10200 SH SOLE NONE 10200
UNITED SECURITY BANCSHARES CA CMN COM 911460103 51 20824 SH SOLE NONE 20824
UNITED STATES STEEL CORP CMN COM 912909108 595 20250 SH SOLE NONE 20250
UNITED STATES STEEL CORP CMN COM 912909108 734 25000 SH CALL SOLE NONE 25000
UNITED THERAPEUTICS CORP CMN COM 91307C102 1070 22800 SH SOLE NONE 22800
UNITEDHEALTH GROUP INCORPORATE*D CMN COM 91324P102 1080 18330 SH SOLE NONE 18330
UNIVERSAL AMERICAN CORP. CMN COM 91338E101 388 36000 SH SOLE NONE 36000
UNIVERSAL TRAVEL GROUP CMN COM 91388Q202 73 16470 SH SOLE NONE 16470
URBAN OUTFITTERS INC CMN COM 917047102 1000 34500 SH SOLE NONE 34500
VALERO ENERGY CORPORATION CMN COM 91913Y100 931 36117 SH SOLE NONE 36117
VALLEY NATIONAL BANCORP CMN COM 919794107 123 10000 SH SOLE NONE 10000
VALUECLICK INC ORD CMN COM 92046N102 801 40600 SH SOLE NONE 40600
VALUEVISION MEDIA INC CMN CLASS A CL A 92047K107 49 23500 SH SOLE NONE 23500
VERIZON COMMUNICATIONS INC. CMN COM 92343V104 1770 46364 SH SOLE NONE 46364
VERSAR INC CMN COM 925297103 41 15200 SH SOLE NONE 15200
VIACOM INC CMN CLASS B CL B 92553P201 911 19200 SH SOLE NONE 19200
VICON INDUSTRIES INC CMN COM 925811101 38 11628 SH SOLE NONE 11628
VISTEON CORPORATION CMN COM 92839U206 530 10000 SH SOLE NONE 10000
VITESSE SEMICONDUCTOR CORP CMN COM 928497304 177 47608 SH SOLE NONE 47608
VODAFONE GROUP PLC SPONSORED ADR CMN COM 92857W209 3320 120132 SH SOLE NONE 120132
WABASH NATIONAL CORP. CMN COM 929566107 206 19900 SH SOLE NONE 19900
WAL MART STORES INC CMN COM 931142103 8470 138398 SH SOLE NONE 138398
WALT DISNEY COMPANY (THE) CMN COM 254687106 532 12141 SH SOLE NONE 12141
WALTER ENERGY INC CMN COM 93317Q105 266 4500 SH SOLE NONE 4500
WASHINGTON POST CO CL B CMN CLASS B CL B 939640108 1520 4069 SH SOLE NONE 4069
WASTE MANAGEMENT INC CMN COM 94106L109 350 10000 SH SOLE NONE 10000
WAUSAU PAPER CORP CMN COM 943315101 188 20000 SH SOLE NONE 20000
WEBMEDIABRANDS INC CMN COM 94770W100 92 88845 SH SOLE NONE 88845
WELLCARE HEALTH PLANS INC CMN COM 94946T106 525 7300 SH SOLE NONE 7300
WELLPOINT, INC. CMN COM 94973V107 1000 13550 SH SOLE NONE 13550
WELLS FARGO & CO (NEW) CMN COM 949746101 9580 280510 SH SOLE NONE 280510
WESTERN GAS PARTNERS, LP CMN COM 958254104 369 8000 SH SOLE NONE 8000
WHIRLPOOL CORP. CMN COM 963320106 546 7100 SH SOLE NONE 7100
WHITE MTNS INS GROUP LTD CMN COM G9618E107 1690 3360 SH SOLE NONE 3360
WILLIAMS-SONOMA, INC. CMN COM 969904101 1770 47100 SH SOLE NONE 47100
WINDSTREAM CORPORATION CMN COM 97381W104 258 22000 SH SOLE NONE 22000
XENITH BANKSHARES INC CMN COM 98410X105 127 29858 SH SOLE NONE 29858
XL GROUP PLC CMN COM G98290102 4360 201120 SH SOLE NONE 201120
YADKIN VALLEY FINANCIAL CORP CMN COM 984314104 90 31216 SH SOLE NONE 31216
YAHOO INC CMN COM 984332106 975 64070 SH SOLE NONE 64070
ZHONE TECHNOLOGIES INC NEW CMN COM 98950P884 64 55000 SH SOLE NONE 55000
ZIONS BANCORP CMN COM 989701107 1210 56500 SH SOLE NONE 56500
ZIPREALTY, INC. CMN COM 98974V107 82 59516 SH SOLE NONE 59516