NSB Advisors

NSB Advisors as of Dec. 31, 2011

Portfolio Holdings for NSB Advisors

NSB Advisors holds 45 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apco Oil And Gas Internat 37.0 $548M 6.7M 81.72
PMFG 17.1 $254M 13M 19.51
Globecomm Systems 9.9 $147M 11M 13.68
Global Power Equipment Grp I 8.0 $119M 5.0M 23.75
Astronics Corporation (ATRO) 7.1 $105M 2.9M 35.81
Argan (AGX) 5.0 $73M 4.8M 15.21
U.S. Lime & Minerals (USLM) 4.7 $69M 1.1M 60.11
Eastern Company (EML) 3.9 $57M 2.8M 20.10
Transcat (TRNS) 3.6 $53M 4.7M 11.25
Graham Corporation (GHM) 0.8 $11M 510k 22.44
Rand Capital Corporation 0.5 $7.7M 2.5M 3.10
ProShares UltraShort S&P500 0.4 $5.8M 301k 19.29
GSE Systems 0.3 $4.9M 2.5M 1.95
Celgene Corporation 0.3 $4.3M 64k 67.61
Ecology and Environment 0.2 $3.2M 195k 16.15
Amgen (AMGN) 0.2 $2.8M 44k 64.21
Precision Castparts 0.1 $1.9M 12k 164.75
Exxon Mobil Corporation (XOM) 0.1 $1.6M 19k 84.76
Unitil Corporation (UTL) 0.1 $1.3M 47k 28.38
International Business Machines (IBM) 0.1 $1.1M 6.1k 183.95
Chevron Corporation (CVX) 0.1 $919k 8.6k 106.35
Procter & Gamble Company (PG) 0.1 $890k 13k 66.75
M&T Bank Corporation (MTB) 0.1 $765k 10k 76.35
Johnson & Johnson (JNJ) 0.0 $615k 9.4k 65.57
SPDR Gold Trust (GLD) 0.0 $562k 3.7k 152.10
General Electric Company 0.0 $452k 25k 17.90
Merck & Co (MRK) 0.0 $416k 11k 37.73
Ii-vi 0.0 $514k 28k 18.36
PNC Financial Services (PNC) 0.0 $277k 4.8k 57.77
Canadian Natl Ry (CNI) 0.0 $275k 3.5k 78.57
Eli Lilly & Co. (LLY) 0.0 $248k 6.0k 41.51
Pfizer (PFE) 0.0 $237k 11k 21.60
United Parcel Service (UPS) 0.0 $344k 4.7k 73.25
Union Pacific Corporation (UNP) 0.0 $264k 2.5k 105.90
United Technologies Corporation 0.0 $274k 3.7k 73.16
CH Energy 0.0 $359k 6.2k 58.35
Technology SPDR (XLK) 0.0 $275k 11k 25.49
PowerShares QQQ Trust, Series 1 0.0 $247k 4.4k 55.88
Microsoft Corporation (MSFT) 0.0 $207k 8.0k 25.97
Coca-Cola Company (KO) 0.0 $202k 2.9k 69.87
Intel Corporation (INTC) 0.0 $206k 8.5k 24.26
SPDR S&P MidCap 400 ETF (MDY) 0.0 $206k 1.3k 159.69
Nanosphere 0.0 $207k 141k 1.47
BGC Partners 0.0 $59k 10k 5.90
Wpx Energy 0.0 $0 63k 0.00