Springbank Value Partners

Springbank Value Partners as of Dec. 31, 2012

Portfolio Holdings for Springbank Value Partners

Springbank Value Partners holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing

                COLUMN 1                         COLUMN 2    COLUMN 3    COLUMN 4    COLUMN 5           COLUMN 6      COLUMN 7   COLUMN 8
 ------------------------------   ----------  ---------   --------- -----------------    ----------    --------   -------
                                  TITLE OF                VALUE      SHRS OR   SH/ PUT/  INVESTMENT    OTHER      VOTING
 NAME OF ISSUER                   CLASS       CUSIP       (x$1000)   PRN AMT   PRN CALL  DISCRETION    MANAGERS   SOLE
 ------------------------------   ----------  ---------   --------- -----------------    ----------    --------   -------
 {S}                              {C}         {C}         {C}       {C}       {C}  {C}   {C}           {C}        {C}
 AMERICAN RAILCAR INDUSTRIES      COM         02916P103          44     1,400                 SOLE          0        1,400
 APPLIED INDUSTRIAL TECH INC      COM         03820C105       1,470    35,000                 SOLE          0       35,000
 C^J ENERGY SERVICES INC          COM         12467B304         193     9,000                 SOLE          0        9,000
 CIMAREX ENERGY                   COM         171798101       1,097    19,000                 SOLE          0       19,000
 COHERENT INC                     COM         192479103       1,947    38,454                 SOLE          0       38,454
 CSG SYS INTL INC                 COM         126349109       1,677    92,220                 SOLE          0       92,220
 CUBIC CORP                       COM         229669106       1,559    32,497                 SOLE          0       32,497
 EMCOR GROUP INC                  COM         29084Q100       2,633    76,070                 SOLE          0       76,070
 FEI COMPANY                      COM         30241L109         166     3,000                 SOLE          0        3,000
 GARDNER DENVER INC               COM         365558105       1,363    19,900                 SOLE          0       19,900
 GLOBAL PAYMENTS INC              COM         37940X102       4,679   103,300                 SOLE          0      103,300
 INSPERITY INC                    COM         45778Q107       2,107    64,700                 SOLE          0       64,700
 KAYDON CORP                      COM         486587108       1,743    72,847                 SOLE          0       72,847
 LITTELFUSE INC                   COM         537008104         401     6,500                 SOLE          0        6,500
 MKS INSTRUMENTS INC              COM         55306N104       3,031   117,556                 SOLE          0      117,556
 MSC INDUSTRIAL DIRECT CO-A       COM         553530106       2,525    33,500                 SOLE          0       33,500
 RBC BEARINGS                     COM         75524B104         554    11,072                 SOLE          0       11,072
 ROBBINS & MYERS INC              COM         770196103       1,407    23,671                 SOLE          0       23,671
 ROLLINS INC                      COM         775711104       2,507   113,737                 SOLE          0      113,737
 SCANSOURCE INC                   COM         806037107           0         0                 SOLE          0            0
 TETRA TECH INC                   COM         88162G103       1,226    46,300                 SOLE          0       46,300
 THOR INDUSTRIES                  COM         885160101       1,830    48,900                 SOLE          0       48,900
 TOTAL SYSTEM SERVICES INC        COM         891906109       2,902   135,500                 SOLE          0      135,500
 WABTEC CORP                      COM         929740108       4,861    55,529                 SOLE          0       55,529
 WD-40 COMPANY                    COM         929236107         693    14,700                 SOLE          0       14,700
 ZEBRA TECHNOLOGIES CORP-CL A     COM         989207105       1,215    30,900                 SOLE          0       30,900