Stevens Capital Management

Stevens Capital Management as of March 31, 2007

Portfolio Holdings for Stevens Capital Management

Stevens Capital Management holds 0 positions in its portfolio as reported in the March 2007 quarterly 13F filing

                {S} {C}

                                                             VALUE    SHRS/PRN   SH/  PUT/   INV    OTHER   VOTING AUTHORITY
NAME OF ISSUER               TITLE OF CLASS      CUSIP      (x$1000)   AMOUNT    PRN  CALL  DISCR  MANAGERS      SOLE
3M CO                        COM                 88579Y101      306     4000       SH  PUT   SOLE                4000
40 / 86 STRATEGIC INCOME FD  SH BEN INT          349739102      132    13200       SH        SOLE               13200
8X8 INC NEW                  COM                 282914100       18    12334       SH        SOLE               12334
A D A M INC                  COM                 00088U108      102    16000       SH        SOLE               16000
AAON INC                     COM PAR $0.004      000360206      226     8657       SH        SOLE                8657
ABRAXAS PETE CORP            COM                 003830106       99    30537       SH        SOLE               30537
ACCELRYS INC                 COM                 00430U103      120    18876       SH        SOLE               18876
ACCESS PLANS USA INC         COM                 00433N106       31    13300       SH        SOLE               13300
ACTIONS SEMICONDUCTOR CO LTD ADR                 00507E107      163    22116       SH        SOLE               22116
ACTIVE POWER INC             COM                 00504W100       31    16007       SH        SOLE               16007
ACTIVIDENTITY CORP           COM                 00506P103       79    15558       SH        SOLE               15558
AEROPOSTALE                  COM                 007865108      376     9352       SH        SOLE                9352
AETERNA ZENTARIS INC         COM                 007975204      105    27575       SH        SOLE               27575
AGL RES INC                  COM                 001204106      212     4962       SH        SOLE                4962
AGREE REALTY CORP            COM                 008492100      348    10200       SH        SOLE               10200
AIXTRON AKTIENGESELLSCHAFT   SPONSORED ADR       009606104       78    10938       SH        SOLE               10938
ALBEMARLE CORP               COM                 012653101      340     8221       SH        SOLE                8221
ALEXANDERS INC               COM                 014752109     1663     4039       SH        SOLE                4039
ALLIED DEFENSE GROUP INC     COM                 019118108      103    12100       SH        SOLE               12100
ALLTEL CORP                  COM                 020039103      358     5772       SH        SOLE                5772
AMCOR LTD                    ADR NEW             02341R302      211     8617       SH        SOLE                8617
AMERICAN EXPRESS CO          COM                 025816109      226     4000       SH  PUT   SOLE                4000
AMERICAN INTL GROUP INC      COM                 026874107      269     4000       SH  PUT   SOLE                4000
AMERICAN PHYSICIANS SVC GROU COM                 028882108      198    11200       SH        SOLE               11200
AMPCO-PITTSBURGH CORP        COM                 032037103      238     8254       SH        SOLE                8254
ANSYS INC                    COM                 03662Q105      293     5764       SH        SOLE                5764
APAC CUSTOMER SERVICES INC   COM                 00185E106       67    14379       SH        SOLE               14379
APOLLO GOLD CORP             COM                 03761E102       31    60000       SH        SOLE               60000
ARBINET THEXCHANGE INC       COM                 03875P100      108    17118       SH        SOLE               17118
ARES CAP CORP                COM                 04010L103      316    17370       SH        SOLE               17370
ARM HLDGS PLC                SPONSORED ADR       042068106       97    12404       SH        SOLE               12404
ARMSTRONG WORLD INDS INC NEW COM                 04247X102      372     7312       SH        SOLE                7312
ASIA PAC FD INC              COM                 044901106      210     9900       SH        SOLE                9900
ASTRONICS CORP               COM                 046433108      193    10989       SH        SOLE               10989
ATHEROGENICS INC             COM                 047439104      190    67472       SH        SOLE               67472
ATLANTIS PLASTICS INC        COM                 049156102       21    10300       SH        SOLE               10300
ATMEL CORP                   COM                 049513104      137    27188       SH        SOLE               27188
AURORA OIL & GAS CORP        COM                 052036100       43    16636       SH        SOLE               16636
AUTHENTIDATE HLDG CORP       COM                 052666104       52    35966       SH        SOLE               35966
AVANEX CORP                  COM                 05348W109       79    43898       SH        SOLE               43898
AVATAR HLDGS INC             NOTE   4.500% 4/0   053494AF7      108    77000      PRN        SOLE               77000
AVIGEN INC                   COM                 053690103      131    20242       SH        SOLE               20242
AXCAN PHARMA INC             COM                 054923107      177    10728       SH        SOLE               10728
AXT INC                      COM                 00246W103       62    12882       SH        SOLE               12882
BAIDU COM INC                SPON ADR REP A      056752108      466     4827       SH        SOLE                4827
BALLY TOTAL FITNESS HLDG COR COM                 05873K108       22    35713       SH        SOLE               35713
BANCFIRST CORP               COM                 05945F103      295     6366       SH        SOLE                6366
BANK NEW YORK INC            COM                 064057102      259     6396       SH        SOLE                6396
BANK OF AMERICA CORPORATION  COM                 060505104      204     4000       SH CALL   SOLE                4000
BEASLEY BROADCAST GROUP INC  CL A                074014101       88    10352       SH        SOLE               10352
BFC FINL CORP                CL A                055384200      233    52857       SH        SOLE               52857
BIOGEN IDEC INC              COM                 09062X103      777    17519       SH        SOLE               17519
BIOMIRA INC                  COM                 09161R106       31    26529       SH        SOLE               26529
BIOSANTE PHARMACEUTICALS INC COM NEW             09065V203      166    27825       SH        SOLE               27825
BITSTREAM INC                CL A                091736108      102    12595       SH        SOLE               12595
BLACKROCK HIGH INCOME SHS    SHS BEN INT         09250E107       38    14400       SH        SOLE               14400
BLACKROCK INSD MUN TERM TR I COM                 092474105      107    10900       SH        SOLE               10900
BLACKROCK MUNIYIELD FLA INC  COM                 09254R104      139    10000       SH        SOLE               10000
BLACKROCK MUNIYIELD QUALITY  COM                 09254G108      134    10600       SH        SOLE               10600
BLACKROCK REAL ASSET EQUITY  COM                 09254B109      154    10200       SH        SOLE               10200
BODISEN BIOTECH INC          COM                 096892104      110    32850       SH        SOLE               32850
BOEING CO                    COM                 097023105      356     4000       SH  PUT   SOLE                4000
BOFI HLDG INC                COM                 05566U108      195    27400       SH        SOLE               27400
BOK FINL CORP                COM NEW             05561Q201      269     5423       SH        SOLE                5423
BOMBAY CO INC                COM                 097924104       39    31820       SH        SOLE               31820
BOOTS & COOTS/INTL WELL CTRL COM NEW             099469504       48    17486       SH        SOLE               17486
BROOKLINE BANCORP INC DEL    COM                 11373M107      159    12560       SH        SOLE               12560
BT GROUP PLC                 ADR                 05577E101      229     3821       SH        SOLE                3821
BUCA INC                     COM                 117769109       59    10807       SH        SOLE               10807
BUCKLE INC                   COM                 118440106      338     9473       SH        SOLE                9473
CALIPER LIFE SCIENCES INC    COM                 130872104       60    10531       SH        SOLE               10531
CALLISTO PHARMACEUTICALS NEW COM                 1312EM104        8    10400       SH        SOLE               10400
CALLWAVE INC DEL             COM                 13126N101      188    65600       SH        SOLE               65600
CAMBRIDGE DISPLAY TECH INC   COM                 132193103       79    14394       SH        SOLE               14394
CANO PETE INC                COM                 137801106       65    14297       SH        SOLE               14297
CAPTARIS INC                 COM                 14071N104      138    23799       SH        SOLE               23799
CASH SYSTEMS INC             COM                 14756B102      265    44788       SH        SOLE               44788
CATALYTICA ENERGY SYS INC    COM                 148884109       22    15300       SH        SOLE               15300
CATERPILLAR INC DEL          COM                 149123101      402     6000       SH CALL   SOLE                6000
CDC CORP                     SHS A               G2022L106      140    15481       SH        SOLE               15481
CELEBRATE EXPRESS INC        COM                 15100A104      126    14154       SH        SOLE               14154
CENTRAL FD CDA LTD           CL A                153501101      889    94600       SH        SOLE               94600
CENTRAL PAC FINL CORP        COM                 154760102      313     8560       SH        SOLE                8560
CERAGON NETWORKS LTD         ORD                 M22013102       94    16560       SH        SOLE               16560
CH ENERGY GROUP INC          COM                 12541M102      431     8846       SH        SOLE                8846
CHARLES & COLVARD LTD        COM                 159765106       69    11039       SH        SOLE               11039
CHARMING SHOPPES INC         COM                 161133103      141    10903       SH        SOLE               10903
CHARTER COMMUNICATIONS INC D CL A                16117M107       64    22934       SH        SOLE               22934
CHEMICAL FINL CORP           COM                 163731102      219     7350       SH        SOLE                7350
CHEROKEE INC DEL NEW         COM                 16444H102      234     5436       SH        SOLE                5436
CHINA BAK BATTERY INC        COM                 16936Y100       37    11519       SH        SOLE               11519
CHINA FD INC                 COM                 169373107      232     7200       SH        SOLE                7200
CHIPOTLE MEXICAN GRILL INC   CL A                169656105      358     5757       SH        SOLE                5757
CHROMCRAFT REVINGTON INC     COM                 171117104      114    11800       SH        SOLE               11800
CIBA SPECIALTY CHEMICALS HLD SPONSORED ADR       17162W206      250     7554       SH        SOLE                7554
CITIGROUP INC                COM                 172967101      308     6000       SH CALL   SOLE                6000
CLARIENT INC                 COM                 180489106       36    16401       SH        SOLE               16401
CNET NETWORKS INC            COM                 12613R104      106    12189       SH        SOLE               12189
COACHMEN INDS INC            COM                 189873102      117    11130       SH        SOLE               11130
COASTAL FINL CORP DEL        COM                 19046E105      169    10792       SH        SOLE               10792
COCA COLA BOTTLING CO CONS   COM                 191098102      419     7402       SH        SOLE                7402
COLONIAL BANKSHARES INC      COM                 195572102      193    13864       SH        SOLE               13864
COMARCO INC                  COM                 200080109      115    12600       SH        SOLE               12600
COMMSCOPE INC                COM                 203372107      297     6928       SH        SOLE                6928
COMMUNITY CAPITAL BANCSHARES COM                 203634100      154    13717       SH        SOLE               13717
COMPASS MINERALS INTL INC    COM                 20451N101      264     7906       SH        SOLE                7906
COMPETITIVE TECHNOLOGIES INC COM                 204512107       49    15700       SH        SOLE               15700
COMPUCREDIT CORP             COM                 20478N100      215     6900       SH        SOLE                6900
CONCURRENT COMPUTER CORP NEW COM                 206710204       43    27407       SH        SOLE               27407
CONEXANT SYSTEMS INC         COM                 207142100       60    36234       SH        SOLE               36234
CONSOLIDATED GRAPHICS INC    COM                 209341106      407     5495       SH        SOLE                5495
CONSOLIDATED MERCANTILE INC  COM                 20950N107       11    11698       SH        SOLE               11698
CORUS ENTERTAINMENT INC      COM CL B NON VTG    220874101      234     6130       SH        SOLE                6130
COWLITZ BANCORP LONGVIEW WAS COM                 223767104      190    11200       SH        SOLE               11200
CREDIT ACCEP CORP MICH       COM                 225310101      252     9270       SH        SOLE                9270
CRITICAL THERAPEUTICS INC    COM                 22674T105       87    39963       SH        SOLE               39963
CRITICARE SYS INC            COM                 226901106      164    42500       SH        SOLE               42500
CROCS INC                    COM                 227046109      274     5800       SH        SOLE                5800
CURAGEN CORP                 COM                 23126R101       91    29566       SH        SOLE               29566
CYBEX INTL INC               COM                 23252E106      143    26900       SH        SOLE               26900
CYTEC INDS INC               COM                 232820100      449     7989       SH        SOLE                7989
D & E COMMUNICATIONS INC     COM                 232860106      150    11297       SH        SOLE               11297
DAG MEDIA INC                COM                 233729102      116    71450       SH        SOLE               71450
DATASCOPE CORP               COM                 238113104      227     6264       SH        SOLE                6264
DATATRAK INTL INC            COM                 238134100       70    12900       SH        SOLE               12900
DEPOMED INC                  COM                 249908104       36    10037       SH        SOLE               10037
DEVCON INTL CORP             COM                 251588109       66    13500       SH        SOLE               13500
DIAMOND HILL INVESTMENT GROU COM NEW             25264R207      339     3473       SH        SOLE                3473
DIEBOLD INC                  COM                 253651103      267     5588       SH        SOLE                5588
DIGITAL RECORDERS INC        COM                 253869101       54    35200       SH        SOLE               35200
DITECH NETWORKS INC          COM                 25500T108      177    21763       SH        SOLE               21763
DOMINION HOMES INC           COM                 257386102      190    42462       SH        SOLE               42462
DOREL INDS INC               CL B SUB VTG        25822C205      222     6797       SH        SOLE                6797
DREYFUS HIGH YIELD STRATEGIE SH BEN INT          26200S101       79    18500       SH        SOLE               18500
DURECT CORP                  COM                 266605104      161    38794       SH        SOLE               38794
EATON VANCE FL MUNI INCOME T SH BEN INT          27826B100      151    10500       SH        SOLE               10500
EBIX INC                     COM NEW             278715206      231     7969       SH        SOLE                7969
ECC CAPITAL CORP             COM                 26826M108       32    80500       SH        SOLE               80500
EDGAR ONLINE INC             COM                 279765101      124    45761       SH        SOLE               45761
EDISON INTL                  COM                 281020107      386     7857       SH        SOLE                7857
ELECTRO ENERGY INC           COM                 285106100       24    19600       SH        SOLE               19600
EMAGEON INC                  COM                 29076V109      194    17596       SH        SOLE               17596
EMERGENT BIOSOLUTIONS INC    COM                 29089Q105      200    14881       SH        SOLE               14881
EMERSON RADIO CORP           COM NEW             291087203      141    44200       SH        SOLE               44200
EMPRESAS ICA S A DE CV       SPONS ADR NEW       292448206      219     4741       SH        SOLE                4741
ENDEAVOUR INTL CORP          COM                 29259G101      150    73178       SH        SOLE               73178
ENERPLUS RES FD              UNIT TR G NEW       29274D604      211     4987       SH        SOLE                4987
ENPATH MEDICAL INC           COM                 29355Y105      136    13600       SH        SOLE               13600
EQUITY INNS INC              COM                 294703103      190    11586       SH        SOLE               11586
ESCALON MED CORP             COM NEW             296074305       91    22577       SH        SOLE               22577
ETABLISSEMENTS DELHAIZE FRER SPONSORED ADR       29759W101      584     6373       SH        SOLE                6373
EUROBANCSHARES INC           COM                 298716101      113    12421       SH        SOLE               12421
EVCI CAREER COLLEGES INC     COM                 26926P100       66   125000       SH        SOLE              125000
EXPRESSJET HOLDINGS INC      CL A                30218U108       92    15681       SH        SOLE               15681
EXXON MOBIL CORP             COM                 30231G102      377     5000       SH  PUT   SOLE                5000
FACTORY CARD OUTLET & PARTY  COM                 303051106      151    17900       SH        SOLE               17900
FEDERAL TR CORP              COM                 314012105      121    12342       SH        SOLE               12342
FEDFIRST FINL CORP           COM                 31429X105      115    12000       SH        SOLE               12000
FIBERSTARS INC               COM                 315662106      119    21000       SH        SOLE               21000
FIELDPOINT PETROLEUM CORP    COM                 316570100       25    12500       SH        SOLE               12500
FINANCIAL FED CORP           DBCV   2.000% 4/1   317492AF3       48    47000      PRN        SOLE               47000
FINLAY ENTERPRISES INC       COM NEW             317884203      100    17010       SH        SOLE               17010
FIRST AVIATION SVCS INC      COM                 31865W108       42    12360       SH        SOLE               12360
FIRST CALIFORNIA FINANCIAL G COM NEW             319395109      385    30528       SH        SOLE               30528
FIRST COMWLTH FINL CORP PA   COM                 319829107      193    16425       SH        SOLE               16425
FLUOR CORP NEW               COM                 343412102      739     8241       SH        SOLE                8241
FORGENT NETWORKS INC         COM                 34629U103       10    10100       SH        SOLE               10100
FRANKLIN UNVL TR             SH BEN INT          355145103      116    16200       SH        SOLE               16200
FREESEAS INC                 COM                 Y26496102       50    10600       SH        SOLE               10600
FRONTEER DEV GROUP INC       COM                 35903Q106      196    15302       SH        SOLE               15302
FURNITURE BRANDS INTL INC    COM                 360921100      190    12037       SH        SOLE               12037
GENERAL AMERN INVS INC       COM                 368802104      250     6789       SH        SOLE                6789
GENERAL ELECTRIC CO          COM                 369604103      212     6000       SH CALL   SOLE                6000
GENERAL EMPLOYMENT ENTERPRIS COM                 369730106      183    79400       SH        SOLE               79400
GENEREX BIOTECHNOLOGY CP DEL COM                 371485103       79    46313       SH        SOLE               46313
GEOGLOBAL RESOURCES INC      COM                 37249T109      195    31933       SH        SOLE               31933
GILEAD SCIENCES INC          COM                 375558103      751     9800       SH        SOLE                9800
GLENAYRE TECHNOLOGIES INC    COM                 377899109      120    55318       SH        SOLE               55318
GLOBAL-TECH APPLIANCES INC   ORD                 G39320109       68    21180       SH        SOLE               21180
GOTTSCHALKS INC              COM                 383485109      151    10600       SH        SOLE               10600
GPO AEROPORTUARIO DEL PAC SA SPON ADR B          400506101      346     8053       SH        SOLE                8053
GREAT BASIN GOLD LTD         COM                 390124105       22    11050       SH        SOLE               11050
GREAT PLAINS ENERGY INC      COM                 391164100      514    15830       SH        SOLE               15830
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B      40051E202      293     6203       SH        SOLE                6203
GYRODYNE CO AMER INC         COM                 403820103      416     7000       SH        SOLE                7000
H & Q LIFE SCIENCES INVS     SH BEN INT          404053100      143    10300       SH        SOLE               10300
HANOVER COMPRESSOR CO        COM                 410768105      209     9373       SH        SOLE                9373
HARVARD BIOSCIENCE INC       COM                 416906105      107    22108       SH        SOLE               22108
HAUPPAUGE DIGITAL INC        COM                 419131107      184    27000       SH        SOLE               27000
HAWAIIAN HOLDINGS INC        COM                 419879101       98    31186       SH        SOLE               31186
HAYES LEMMERZ INTL INC       COM NEW             420781304      110    15087       SH        SOLE               15087
HEALTH MGMT ASSOC INC NEW    CL A                421933102      147    13546       SH        SOLE               13546
HEIDRICK & STRUGGLES INTL IN COM                 422819102      458     9457       SH        SOLE                9457
HEMISPHERX BIOPHARMA INC     COM                 42366C103       37    22557       SH        SOLE               22557
HENRY BROS ELECTRONICS INC   COM                 426286100       66    14900       SH        SOLE               14900
HERLEY INDS INC DEL          COM                 427398102      241    15460       SH        SOLE               15460
HI-TECH PHARMACAL INC        COM                 42840B101      155    13864       SH        SOLE               13864
HIGH YIELD INCOME FD INC     COM                 429904105       70    13400       SH        SOLE               13400
HILL INTERNATIONAL INC       COM                 431466101      193    27050       SH        SOLE               27050
HOLLYWOOD MEDIA CORP         COM                 436233100       76    17319       SH        SOLE               17319
HOOPER HOLMES INC            COM                 439104100      126    28183       SH        SOLE               28183
HOUSEVALUES INC              COM                 44183Y102       70    13907       SH        SOLE               13907
ICICI BK LTD                 ADR                 45104G104      259     7058       SH        SOLE                7058
ICO INC NEW                  COM                 449293109      197    32115       SH        SOLE               32115
IDENIX PHARMACEUTICALS INC   COM                 45166R204       83    11426       SH        SOLE               11426
IGI INC                      COM                 449575109       44    51800       SH        SOLE               51800
IKANOS COMMUNICATIONS        COM                 45173E105      194    24911       SH        SOLE               24911
IMMERSION CORP               COM                 452521107      106    11776       SH        SOLE               11776
IMMUNOGEN INC                COM                 45253H101      105    22017       SH        SOLE               22017
IMPERIAL INDS INC            COM NEW             452848401      192    25055       SH        SOLE               25055
IMPERIAL TOBACCO GROUP PLC   SPONSORED ADR       453142101      896     9985       SH        SOLE                9985
INFINITY ENERGY RESOURCES IN COM PAR .0001       45663L403       38    11100       SH        SOLE               11100
INFORTE CORP                 COM                 45677R107      140    40200       SH        SOLE               40200
INGERSOLL-RAND COMPANY LTD   CL A                G4776G101      393     9062       SH        SOLE                9062
INHIBITEX INC                COM                 45719T103       53    32424       SH        SOLE               32424
INNODATA ISOGEN INC          COM NEW             457642205       29    10000       SH        SOLE               10000
INNOVO GROUP INC             COM PAR $0.01       457954600       16    14873       SH        SOLE               14873
INPHONIC INC                 COM                 45772G105      136    12514       SH        SOLE               12514
INSMED INC                   COM NEW             457669208       17    17727       SH        SOLE               17727
INTERNATIONAL BUSINESS MACHS COM                 459200101      471     5000       SH CALL   SOLE                5000
INTERNATIONAL PWR PLC        SPONSORED ADR       46018M104      263     3345       SH        SOLE                3345
INTERNET INITIATIVE JAPAN IN SPONSORED ADR       46059T109      175    17727       SH        SOLE               17727
INTERSECTIONS INC            COM                 460981301      109    10861       SH        SOLE               10861
INTERTAPE POLYMER GROUP INC  COM                 460919103      131    31840       SH        SOLE               31840
INVACARE CORP                COM                 461203101      183    10502       SH        SOLE               10502
INVESTMENT GRADE MUN INCOME  COM                 461368102      146    10500       SH        SOLE               10500
IOMED INC                    COM                 462028101      145    70900       SH        SOLE               70900
IOMEGA CORP                  COM NEW             462030305      107    28565       SH        SOLE               28565
ION MEDIA NETWORKS INC       CL A                46205A103       54    40800       SH        SOLE               40800
IONA TECHNOLOGIES PLC        SPONSORED ADR       46206P109       89    14124       SH        SOLE               14124
IRIDEX CORP                  COM                 462684101      170    19275       SH        SOLE               19275
ISHARES SILVER TRUST         ISHARES             46428Q109      935     7000       SH        SOLE                7000
ISHARES TR                   DJ US UTILS         464287697      388     4000       SH        SOLE                4000
ISHARES TR                   RUSSELL 2000        464287655      342     4300       SH CALL   SOLE                4300
ISHARES TR                   RUSSELL1000GRW      464287614     2271    40800       SH        SOLE               40800
ISHARES TR                   RUSSELL1000VAL      464287598     3450    41500       SH        SOLE               41500
ISHARES TR                   RUSSELL 2000        464287655    43127   542404       SH        SOLE              542404
ISIS PHARMACEUTICALS INC     COM                 464330109      149    16113       SH        SOLE               16113
ISOLAGEN INC                 COM                 46488N103       59    14894       SH        SOLE               14894
ITERIS INC                   COM                 46564T107      104    45100       SH        SOLE               45100
IVANHOE ENERGY INC           COM                 465790103       30    15403       SH        SOLE               15403
J CREW GROUP INC             COM                 46612H402      279     6947       SH        SOLE                6947
JAMES RIV GROUP INC          COM                 470359100      259     8274       SH        SOLE                8274
JAPAN EQUITY FD INC          COM                 471057109      102    12000       SH        SOLE               12000
JAPAN SMALLER CAPTLZTN FD IN COM                 47109U104      378    30300       SH        SOLE               30300
JED OIL INC                  COM                 472310101       38    21430       SH        SOLE               21430
JENNIFER CONVS INC           COM                 476153101      185    39600       SH        SOLE               39600
JOHNSON & JOHNSON            COM                 478160104      241     4000       SH  PUT   SOLE                4000
JP MORGAN CHASE & CO         COM                 46625H100      242     5000       SH CALL   SOLE                5000
KAISER ALUMINUM CORP         COM PAR $0.01       483007704      214     2739       SH        SOLE                2739
KAYNE ANDERSON ENERGY DEV CO COM                 48660Q102      219     8800       SH        SOLE                8800
KENSEY NASH CORP             COM                 490057106      272     8914       SH        SOLE                8914
KINTERA INC                  COM                 49720P506       66    39042       SH        SOLE               39042
KITTY HAWK INC               COM NEW             498326206       15    17500       SH        SOLE               17500
KOPIN CORP                   COM                 500600101      192    56785       SH        SOLE               56785
KSW INC                      COM                 48268R106      133    20800       SH        SOLE               20800
LA JOLLA PHARMACEUTICAL CO   COM NEW             503459307      118    19514       SH        SOLE               19514
LAZARD LTD                   SHS A               G54050102      482     9613       SH        SOLE                9613
LAZARE KAPLAN INTL INC       COM                 521078105      193    24000       SH        SOLE               24000
LEXICON GENETICS INC         COM                 528872104       62    17112       SH        SOLE               17112
LIBERTY MEDIA HLDG CORP      CAP COM SER B       53071M401      595     5381       SH        SOLE                5381
LINCOLN EDL SVCS CORP        COM                 533535100      158    11131       SH        SOLE               11131
LIONBRIDGE TECHNOLOGIES INC  COM                 536252109      124    24385       SH        SOLE               24385
LIPID SCIENCES INC ARIZ      COM                 53630P101       21    14700       SH        SOLE               14700
LOGICVISION INC              COM                 54140W107       41    45675       SH        SOLE               45675
LONE STAR TECHNOLOGIES INC   COM                 542312103      327     4953       SH        SOLE                4953
LOOKSMART LTD                COM NEW             543442503       54    14100       SH        SOLE               14100
LUMERA CORP                  COM                 55024R106       58    11570       SH        SOLE               11570
MACE SEC INTL INC            COM NEW             554335208      163    61034       SH        SOLE               61034
MAJESCO ENTERTAINMENT CO     COM NEW             560690208       25    16600       SH        SOLE               16600
MALAYSIA FD INC              COM                 560905101      141    16300       SH        SOLE               16300
MATERIAL SCIENCES CORP       COM                 576674105      133    13314       SH        SOLE               13314
MATHSTAR INC                 COM                 576801203       34    12400       SH        SOLE               12400
MB FINANCIAL INC NEW         COM                 55264U108      339     9410       SH        SOLE                9410
MC SHIPPING INC              COM                 55267Q104      191    18895       SH        SOLE               18895
MDC PARTNERS INC             CL A SUB VTG        552697104       78    10101       SH        SOLE               10101
MEDIA SCIENCES INTL INC      COM                 58446X107      142    26800       SH        SOLE               26800
MEDICURE INC                 COM                 58469E101       13    11380       SH        SOLE               11380
MEDIWARE INFORMATION SYS INC COM                 584946107      139    15309       SH        SOLE               15309
MEMORY PHARMACEUTICALS CORP  COM                 58606R403      118    70416       SH        SOLE               70416
MERGE TECHNOLOGIES INC       COM                 589981109      101    20766       SH        SOLE               20766
MERIDIAN RESOURCE CORP       COM                 58977Q109       71    29660       SH        SOLE               29660
MERRIMAC INDS INC            COM                 590262101      158    16400       SH        SOLE               16400
META FINL GROUP INC          COM                 59100U108      235     7600       SH        SOLE                7600
METALINK LTD                 ORD                 M69897102       74    10993       SH        SOLE               10993
METROPOLITAN HEALTH NETWORKS COM                 592142103      114    56580       SH        SOLE               56580
METSO CORP                   SPONSORED ADR       592671101      212     4006       SH        SOLE                4006
MEXICAN RESTAURANTS INC      COM                 59283R104      127    13200       SH        SOLE               13200
MFS CHARTER INCOME TR        SH BEN INT          552727109      101    11800       SH        SOLE               11800
MFS INTER INCOME TR          SH BEN INT          55273C107      152    24400       SH        SOLE               24400
MFS MULTIMARKET INCOME TR    SH BEN INT          552737108      135    22000       SH        SOLE               22000
MICROTUNE INC DEL            COM                 59514P109       47    11324       SH        SOLE               11324
MILLENNIUM BANKSHARES CORP   COM                 60037B106      198    19400       SH        SOLE               19400
MINES MGMT CO                COM                 603432105      115    23557       SH        SOLE               23557
MINRAD INTL INC              COM                 60443P103       91    17654       SH        SOLE               17654
MISONIX INC                  COM                 604871103      105    17400       SH        SOLE               17400
MOLEX INC                    CL A                608554200      215     8624       SH        SOLE                8624
MONMOUTH CAP CORP            COM                 609524103       58    10524       SH        SOLE               10524
MONSANTO CO NEW              COM                 61166W101      549     9981       SH        SOLE                9981
MORGAN STANLEY               COM NEW             617446448      236     3000       SH CALL   SOLE                3000
MORGAN STANLEY HIGH YIELD FD COM                 61744M104      126    21200       SH        SOLE               21200
MOSCOW CABLECOM CORP         COM                 61945R100      158    12464       SH        SOLE               12464
MOVIE STAR INC               COM                 624591103      169    71600       SH        SOLE               71600
NANOPHASE TCHNOLOGIES CORP   COM                 630079101      115    19560       SH        SOLE               19560
NAPSTER INC                  COM                 630797108      112    27149       SH        SOLE               27149
NASDAQ 100 TR                UNIT SER 1          631100104      649    14900       SH CALL   SOLE               14900
NATIONAL HOME HEALTH CARE CO COM                 636380107      195    16555       SH        SOLE               16555
NATIONAL OILWELL VARCO INC   COM                 637071101      307     3952       SH        SOLE                3952
NATUZZI S P A                ADR                 63905A101      159    19435       SH        SOLE               19435
NAVARRE CORP                 COM                 639208107       40    10557       SH        SOLE               10557
NCI BUILDING SYS INC         COM                 628852105      475     9949       SH        SOLE                9949
NEKTAR THERAPEUTICS          COM                 640268108      151    11600       SH        SOLE               11600
NETMANAGE INC                COM NEW             641144308      159    30200       SH        SOLE               30200
NETSCOUT SYS INC             COM                 64115T104       92    10198       SH        SOLE               10198
NETSOL TECHNOLOGIES INC      COM NEW             64115A204       48    27700       SH        SOLE               27700
NEVADA GOLD & CASINOS INC    COM NEW             64126Q206       65    32500       SH        SOLE               32500
NEVSUN RES LTD               COM                 64156L101       52    24590       SH        SOLE               24590
NEWCASTLE INVT CORP          COM                 65105M108      239     8613       SH        SOLE                8613
NEXMED INC                   COM                 652903105       61    49200       SH        SOLE               49200
NICHOLAS FINANCIAL INC       COM NEW             65373J209      171    15303       SH        SOLE               15303
NOBEL LEARNING CMNTYS INC    COM                 654889104      200    13056       SH        SOLE               13056
NORTH AMERN PALLADIUM LTD    COM                 656912102      177    24450       SH        SOLE               24450
NORTHGATE MINERALS CORP      COM                 666416102      182    52333       SH        SOLE               52333
NPS PHARMACEUTICALS INC      COM                 62936P103      183    53901       SH        SOLE               53901
NRG ENERGY INC               PFD CONV MAND       629377870      665     2000       SH        SOLE                2000
NUCRYST PHARMACEUTICALS CORP COM                 67035Q100       47    11500       SH        SOLE               11500
NYMAGIC INC                  COM                 629484106      306     7495       SH        SOLE                7495
O2MICRO INTERNATIONAL LTD    SPONS ADR           67107W100      101    12832       SH        SOLE               12832
OCCAM NETWORKS INC           COM NEW             67457P309      132    11815       SH        SOLE               11815
ODYSSEY RE HLDGS CORP        COM                 67612W108      339     8619       SH        SOLE                8619
OMEGA FINL CORP              COM                 682092101      257     9015       SH        SOLE                9015
OMNICARE INC                 DBCV   3.250%12/1   681904AL2      438   500000      PRN        SOLE              500000
ON TRACK INNOVATION LTD      SHS                 M8791A109       98    13919       SH        SOLE               13919
OPTEUM INC                   CL A                68384A100       94    20968       SH        SOLE               20968
ORBIT INTL CORP              COM NEW             685559304      197    25500       SH        SOLE               25500
ORCKIT COMMUNICATIONS LTD    SHS NEW             M7531S206      128    12514       SH        SOLE               12514
ORIGIN AGRITECH LIMITED      SHS                 G67828106      151    16963       SH        SOLE               16963
OSCIENT PHARMACEUTICALS CORP COM NEW             68812R303       62    11797       SH        SOLE               11797
OVERLAND STORAGE INC         COM                 690310107       60    14402       SH        SOLE               14402
OXIGENE INC                  COM                 691828107       76    19932       SH        SOLE               19932
P A M TRANSN SVCS INC        COM                 693149106      201     9760       SH        SOLE                9760
P F CHANGS CHINA BISTRO INC  COM                 69333Y108      379     9058       SH        SOLE                9058
PAINCARE HLDGS INC           COM                 69562E104       26    69757       SH        SOLE               69757
PALATIN TECHNOLOGIES INC     COM NEW             696077304       50    27159       SH        SOLE               27159
PALM HARBOR HOMES            NOTE   3.250% 5/1   696639AB9       95   114000      PRN        SOLE              114000
PARAGON TECHNOLOGIES INC     COM                 69912T108      104    18100       SH        SOLE               18100
PARK NATL CORP               COM                 700658107      278     2939       SH        SOLE                2939
PARLUX FRAGRANCES INC        COM                 701645103      123    22002       SH        SOLE               22002
PC-TEL INC                   COM                 69325Q105      184    18072       SH        SOLE               18072
PDI INC                      COM                 69329V100      190    19938       SH        SOLE               19938
PEAK INTL LTD                ORD                 G69586108       30    10729       SH        SOLE               10729
PEDIATRIC SVCS OF AMERICA    COM                 705323103      156    11060       SH        SOLE               11060
PEMCO AVIATION INC           COM                 706444106      429     1977       SH        SOLE                1977
PENN TREATY AMERN CORP       COM NEW             707874400      156    25744       SH        SOLE               25744
PERCEPTRON INC               COM                 71361F100      119    13262       SH        SOLE               13262
PERFORMANCE TECHNOLOGIES INC COM                 71376K102       53    10590       SH        SOLE               10590
PERMA-FIX ENVIRONMENTAL SVCS COM                 714157104       36    15128       SH        SOLE               15128
PERU COPPER INC              COM                 715455101      130    31525       SH        SOLE               31525
PFEIFFER VACUUM TECH AG      SPONSORED ADR       717067102      214     2364       SH        SOLE                2364
PHOENIX TECHNOLOGY LTD       COM                 719153108      197    31518       SH        SOLE               31518
PHOTOMEDEX INC               COM                 719358103       42    30600       SH        SOLE               30600
PIONEER TAX ADVNTAGE BALANC  COM                 72388R101      152    10400       SH        SOLE               10400
PLACER DOME INC              DBCV     2.750%10/1 725906AK7      643   500000      PRN        SOLE              500000
PLANAR SYS INC               COM                 726900103      137    15751       SH        SOLE               15751
PLANETOUT INC                COM                 727058109       65    19378       SH        SOLE               19378
PLATO LEARNING INC           COM                 72764Y100       68    16222       SH        SOLE               16222
POINT 360                    COM                 730698107      109    30400       SH        SOLE               30400
POLYMET MINING CORP          COM                 731916102       59    19723       SH        SOLE               19723
POSSIS MEDICAL INC           COM                 737407106      161    12406       SH        SOLE               12406
POWERWAVE TECHNOLOGIES INC   COM                 739363109      354    62300       SH        SOLE               62300
PRIMEDIA INC                 COM                 74157K101       75    28219       SH        SOLE               28219
PRINCETON REVIEW INC         COM                 742352107       73    13552       SH        SOLE               13552
PRIVATE MEDIA GROUP INC      COM                 74266R104       66    26659       SH        SOLE               26659
PRO PHARMACEUTICALS INC      COM                 74267T109       15    19700       SH        SOLE               19700
PROCTER & GAMBLE CO          COM                 742718109      253     4000       SH  PUT   SOLE                4000
PROSPECT STR HIGH INCOME PTF COM NEW             743586406       55    17300       SH        SOLE               17300
PROSPERITY BANCSHARES INC    COM                 743606105      320     9200       SH        SOLE                9200
PT INDOSAT TBK               SPONSORED ADR       744383100      280     8293       SH        SOLE                8293
PUBLICIS S A NEW             SPONSORED ADR       74463M106      282     5818       SH        SOLE                5818
PUGET ENERGY INC NEW         COM                 745310102      202     7847       SH        SOLE                7847
PUTNAM MASTER INTER INCOME T SH BEN INT          746909100       73    11127       SH        SOLE               11127
PXRE GROUP LTD               COM                 G73018106      141    29419       SH        SOLE               29419
QAD INC                      COM                 74727D108      176    19293       SH        SOLE               19293
QUADRAMED CORP               COM                 74730W101      183    60300       SH        SOLE               60300
QUANTA CAPITAL HLDGS LTD     SHS                 G7313F106       53    25534       SH        SOLE               25534
QUANTUM CORP                 COM DSSG            747906204      109    40200       SH        SOLE               40200
QUIGLEY CORP                 COM NEW             74838L304      165    22065       SH        SOLE               22065
RADIO ONE INC                CL A                75040P108      133    20525       SH        SOLE               20525
RADNET INC                   COM                 750491102       63    10974       SH        SOLE               10974
RAINMAKER SYSTEMS            COM NEW             750875304      166    19792       SH        SOLE               19792
RAM ENERGY RESOURCES INC     COM                 75130P109      101    21750       SH        SOLE               21750
RAND LOGISTICS INC           UNIT 10/26/2008     752182204      140    10800       SH        SOLE               10800
RAND LOGISTICS INC           COM                 752182105      149    20800       SH        SOLE               20800
RARE HOSPITALITY INTL INC    COM                 753820109      283     9393       SH        SOLE                9393
RAYTHEON CO                  COM NEW             755111507      385     7335       SH        SOLE                7335
READY MIX INC                COM                 755747102      169    13800       SH        SOLE               13800
REDWOOD TR INC               COM                 758075402      513     9830       SH        SOLE                9830
REGENT COMMUNICATIONS INC DE COM                 758865109       48    14986       SH        SOLE               14986
REPLIDYNE INC                COM                 76028W107       74    13262       SH        SOLE               13262
REVLON INC                   CL A                761525500       15    14578       SH        SOLE               14578
REX STORES CORP              COM                 761624105      216    13200       SH        SOLE               13200
RICHARDSON ELECTRS LTD       COM                 763165107      108    11622       SH        SOLE               11622
ROCKFORD CORP                COM                 77316P101      130    54895       SH        SOLE               54895
ROTECH HEALTHCARE INC        COM                 778669101      194   113638       SH        SOLE              113638
RUBIOS RESTAURANTS INC       COM                 78116B102      190    16700       SH        SOLE               16700
RURAL / METRO CORP           COM                 781748108      126    16691       SH        SOLE               16691
SAFEGUARD SCIENTIFICS INC    COM                 786449108      198    66918       SH        SOLE               66918
SAIFUN SEMICONDUCTORS LTD    ORD SHS             M8233P102      192    16349       SH        SOLE               16349
SALISBURY BANCORP INC        COM                 795226109      235     6400       SH        SOLE                6400
SALIX PHARMACEUTICALS INC    COM                 795435106      266    21135       SH        SOLE               21135
SALTON INC                   COM                 795757103       46    19326       SH        SOLE               19326
SANDISK CORP                 COM                 80004C101      241     5500       SH        SOLE                5500
SANDISK CORP                 NOTE    1.000% 5/1  80004CAC5      437   500000      PRN        SOLE              500000
SCHERING PLOUGH CORP         PFD CONV MAND       806605606      294     5000       SH        SOLE                5000
SCOR                         SPONSORED ADR       80917Q106       30    10923       SH        SOLE               10923
SCOTTISH RE GROUP LIMITED    SHS                 G73537410       71    17715       SH        SOLE               17715
SEABOARD CORP                COM                 811543107      386      171       SH        SOLE                 171
SEATTLE GENETICS INC         COM                 812578102      106    12932       SH        SOLE               12932
SECURITY NATL FINL CORP      CL A NEW            814785309      142    29862       SH        SOLE               29862
SELECT SECTOR SPDR TR        SBI CONS STPLS      81369Y308      212     8000       SH        SOLE                8000
SELECTICA INC                COM                 816288104      136    70100       SH        SOLE               70100
SELIGMAN SELECT MUN FD INC   COM                 816344105      105    10200       SH        SOLE               10200
SENSIENT TECHNOLOGIES CORP   COM                 81725T100      217     8412       SH        SOLE                8412
SENTO CORP                   COM NEW             816918205       43    20185       SH        SOLE               20185
SEQUENOM INC                 COM NEW             817337405       76    20539       SH        SOLE               20539
SHILOH INDS INC              COM                 824543102      124    11003       SH        SOLE               11003
SIGA TECHNOLOGIES INC        COM                 826917106       68    14170       SH        SOLE               14170
SIGMATRON INTL INC           COM                 82661L101       90    10400       SH        SOLE               10400
SIRVA INC                    COM                 82967Y104      103    28767       SH        SOLE               28767
SJW CORP                     COM                 784305104      362     8954       SH        SOLE                8954
SMITHWAY MTR XPRESS CORP     CL A                832653109      196    19098       SH        SOLE               19098
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B      833635105      805     5513       SH        SOLE                5513
SODEXHO ALLIANCE SA          SPONSORED ADR       833792104      260     3539       SH        SOLE                3539
SOUTHWEST AIRLS CO           COM                 844741108      189    12886       SH        SOLE               12886
SPECTRUM PHARMACEUTICALS INC COM                 84763A108      162    25855       SH        SOLE               25855
STAKTEK HLDGS INC            COM                 85256P106       88    27076       SH        SOLE               27076
STEEL TECHNOLOGIES INC       COM                 858147101      250     8435       SH        SOLE                8435
STEINWAY MUSICAL INSTRS INC  COM                 858495104      322     9990       SH        SOLE                9990
STEMCELLS INC                COM                 85857R105       31    12341       SH        SOLE               12341
STRATAGENE CORP              COM                 86269H107      183    22537       SH        SOLE               22537
SUMTOTAL SYS INC             COM                 866615107       95    11865       SH        SOLE               11865
SUNLINK HEALTH SYSTEMS INC   COM                 86737U102      161    22600       SH        SOLE               22600
SYMANTEC CORP                COM                 871503108     1453    83961       SH        SOLE               83961
SYNERGETICS USA INC          COM                 87160G107       68    19088       SH        SOLE               19088
SYNGENTA AG                  SPONSORED ADR       87160A100      287     7531       SH        SOLE                7531
SYNPLICITY INC               COM                 87160Y108      118    16835       SH        SOLE               16835
SYPRIS SOLUTIONS INC         COM                 871655106      123    18973       SH        SOLE               18973
TALEO CORP                   CL A                87424N104      166    10006       SH        SOLE               10006
TASEKO MINES LTD             COM                 876511106      103    39026       SH        SOLE               39026
TDK CORP                     AMERN DEP SH        872351408      261     2996       SH        SOLE                2996
TEAM FINANCIAL INC           COM                 87815X109      181    11940       SH        SOLE               11940
TEAMSTAFF INC                COM NEW             87815U204      128   108700       SH        SOLE              108700
TECHNIP NEW                  SPONSORED ADR       878546209      385     5276       SH        SOLE                5276
TECHTEAM GLOBAL INC          COM                 878311109      177    14189       SH        SOLE               14189
TELENOR ASA                  SPONSORED ADR       87944W105      324     6090       SH        SOLE                6090
TELKOM SA LTD                SPONSORED ADR       879603108      269     2944       SH        SOLE                2944
TELULAR CORP                 COM NEW             87970T208       57    16000       SH        SOLE               16000
TEMPLETON RUS AND EAST EUR F COM                 88022F105     1141    16200       SH        SOLE               16200
TEXAS PAC LD TR              SUB CTF PROP I T    882610108      462     1907       SH        SOLE                1907
THE9 LTD                     ADR                 88337K104      228     6756       SH        SOLE                6756
THINK PARTNERSHIP INC        COM                 88409N101       31    12836       SH        SOLE               12836
THOMAS GROUP INC             COM                 884402108      172    14417       SH        SOLE               14417
TIME WARNER CABLE INC        CL A                88732J108      259     6911       SH        SOLE                6911
TITAN INTL INC ILL           COM                 88830M102     1362    53784       SH        SOLE               53784
TOP TANKERS INC              COM                 Y8897Y107      188    40352       SH        SOLE               40352
TRAFFIX INC                  COM                 892721101      142    25600       SH        SOLE               25600
TRANSACT TECHNOLOGIES INC    COM                 892918103      161    23200       SH        SOLE               23200
TRANSGLOBE ENERGY CORP       COM                 893662106       53    13481       SH        SOLE               13481
TRANSMERIDIAN EXPL INC       COM                 89376N108      171    59830       SH        SOLE               59830
TRANSPORTADORA DE GAS SUR    SPON ADR B          893870204       86    13167       SH        SOLE               13167
TRINITY BIOTECH PLC          SPON ADR NEW        896438306      164    18036       SH        SOLE               18036
TRIPOS INC                   COM                 896928108       22    29400       SH        SOLE               29400
TRM CORP                     COM                 872636105       39    13952       SH        SOLE               13952
U S PHYSICAL THERAPY INC     COM                 90337L108      164    11809       SH        SOLE               11809
UAL CORP                     COM NEW             902549807      210     5511       SH        SOLE                5511
UNITED MICROELECTRONICS CORP SPONSORED ADR       910873207       45    14179       SH        SOLE               14179
UNITED PANAM FINANCIAL CP    COM                 911301109      153    12229       SH        SOLE               12229
UNITED TECHNOLOGIES CORP     COM                 913017109      260     4000       SH  PUT   SOLE                4000
UNIVERSAL HEALTH RLTY INCM T SH BEN INT          91359E105      294     8236       SH        SOLE                8236
UROLOGIX INC                 COM                 917273104      145    47840       SH        SOLE               47840
VALENTIS INC                 COM NEW             91913E302       13    44700       SH        SOLE               44700
VANGUARD INDEX FDS           SML CP GRW ETF      922908595      500     7300       SH        SOLE                7300
VECTREN CORP                 COM                 92240G101      226     7885       SH        SOLE                7885
VERTRUE INC                  COM                 92534N101      227     4725       SH        SOLE                4725
VIACOM INC NEW               CL B                92553P201      242     5875       SH        SOLE                5875
VIRAGE LOGIC CORP            COM                 92763R104       76    10423       SH        SOLE               10423
VITRO SOCIEDAD ANONIMA       SPONSORED ADR       928502301       79    12222       SH        SOLE               12222
WAL MART STORES INC          COM                 931142103      282     6000       SH CALL   SOLE                6000
WEATHERFORD INTERNATIONAL LT COM                 G95089101      431     9566       SH        SOLE                9566
WEGENER CORP                 COM                 948585104      106    98013       SH        SOLE               98013
WELLSFORD REAL PPTYS INC     COM NEW             950240200       83    10600       SH        SOLE               10600
WESTELL TECHNOLOGIES INC     CL A                957541105      173    79887       SH        SOLE               79887
WESTERN ASSET EMRG MKT DEBT  COM                 95766A101      187    10500       SH        SOLE               10500
WILLIS GROUP HOLDINGS LTD    SHS                 G96655108      388     9804       SH        SOLE                9804
WILSONS THE LEATHER EXPERTS  COM                 972463103       31    20699       SH        SOLE               20699
WOORI FIN HLDGS CO LTD       ADR                 981063100      208     2835       SH        SOLE                2835
WORKSTREAM INC               COM                 981402100      119    90600       SH        SOLE               90600
WPP GROUP PLC                SPON ADR 0905       929309409      478     6294       SH        SOLE                6294
XANSER CORP                  COM                 98389J103       89    16188       SH        SOLE               16188
XOMA LTD                     ORD                 G9825R107       37    12974       SH        SOLE               12974
YARDVILLE NATL BANCORP       COM                 985021104      250     6887       SH        SOLE                6887
ZI CORP                      COM                 988918108       94    59397       SH        SOLE               59397