-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Nwpqh5VfmqPneIJ1MNA9x6jw113j8vet+w7UCTHQvGsDK5TMJQeTbfKBTTByie2g ZS5gHSlTdoIloxMzt58rDg== 0001221073-07-000015.txt : 20070504 0001221073-07-000015.hdr.sgml : 20070504 20070504163015 ACCESSION NUMBER: 0001221073-07-000015 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070331 FILED AS OF DATE: 20070504 DATE AS OF CHANGE: 20070504 EFFECTIVENESS DATE: 20070504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. CENTRAL INDEX KEY: 0001238990 IRS NUMBER: 820566501 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10972 FILM NUMBER: 07820827 BUSINESS ADDRESS: STREET 1: 510 1ST AVENUE NORTH STREET 2: SUITE 601 CITY: MINNEAPOLIS STATE: MN ZIP: 55123 BUSINESS PHONE: 6123412212 MAIL ADDRESS: STREET 1: 510 1ST AVENUE NORTH STREET 2: SUITE 601 CITY: MINNEAPOLIS STATE: MN ZIP: 55123 FORMER COMPANY: FORMER CONFORMED NAME: BRIDGEWATER CAPITAL ADVISORS INC DATE OF NAME CHANGE: 20030605 13F-HR 1 punc1q07.txt PUNCH & ASSOCIATES INVESTMENT MANAGEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Punch & Associates Investment Management, Inc. Address: 510 1st Avenue N., Suite 601 Minneapolis, MN 55403 13F File Number: 28-10972 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Howard D. Punch, Jr. Title: President Phone: (612) 341-2212 Signature, Place, and Date of Signing: /s/ Howard D. Punch, Jr. Minneapolis, MN April 26, 2007 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 249 Form13F Information Table Value Total: $301,167 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579y101 3325 43469 SHS SOLE 43469 0 0 A D A M INC COM 00088u108 318 50000 SHS SOLE 50000 0 0 ABBEY NATL PLC GDR 7.375% PRF 002920809 244 9625 SHS SOLE 9625 0 0 ABBOTT LABS COM 002824100 982 17578 SHS SOLE 17578 0 0 ABLEST INC COM 00371w100 140 19000 SHS SOLE 19000 0 0 ACCENTURE LTD BERMUDA CL A g1150g111 808 20894 SHS SOLE 20894 0 0 ACTUATE CORP COM 00508b102 183 35000 SHS SOLE 35000 0 0 ALMOST FAMILY INC COM 020409108 249 10000 SHS SOLE 10000 0 0 ALPHA PRO TECH LTD COM 020772109 780 246170 SHS SOLE 246170 0 0 AMERICAN DAIRY INC COM 025334103 208 10000 SHS SOLE 10000 0 0 AMERICAN DENTAL PARTNERS COM 025353103 217 10000 SHS SOLE 10000 0 0 AMERICAN EXPRESS CO COM 025816109 537 9514 SHS SOLE 9514 0 0 AMERICAN MED ALERT CORP COM 027904101 216 36000 SHS SOLE 36000 0 0 AMERICAN ORIENTAL BIOENGR IN COM 028731107 2620 277966 SHS SOLE 277966 0 0 AMERICAN SHARED HOSPITAL SVC COM 029595105 269 45300 SHS SOLE 45300 0 0 AMERICAN SOFTWARE INC CL A 029683109 564 70000 SHS SOLE 70000 0 0 AMERIPRISE FINL INC COM 03076c106 617 10741 SHS SOLE 10741 0 0 AMVESCAP PLC SPONSORED ADR 03235e100 2774 125457 SHS SOLE 125457 0 0 ANNALY CAP MGMT INC COM 035710409 3027 195140 SHS SOLE 195140 0 0 APPLIX INC COM 038316105 212 15825 SHS SOLE 15825 0 0 AQUANTIVE INC COM 03839g105 1851 66276 SHS SOLE 66276 0 0 ARIBA INC COM NEW 04033v203 1727 183370 SHS SOLE 183370 0 0 ASTRO-MED INC NEW COM 04638f108 254 22900 SHS SOLE 22900 0 0 AVANEX CORP COM 05348w109 45 25000 SHS SOLE 25000 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 327 3 SHS SOLE 3 0 0 BIOMED REALTY TRUST INC COM 09063h107 1258 47848 SHS SOLE 47848 0 0 BIOSCRIP INC COM 09069n108 375 119920 SHS SOLE 119920 0 0 BIRNER DENTAL MGMT SERVICES COM NEW 091283200 490 20000 SHS SOLE 20000 0 0 BLACKBOARD INC COM 091935502 3640 108170 SHS SOLE 108170 0 0 BLACKROCK CAP & INCOME STRA COM 09256a109 807 39662 SHS SOLE 39662 0 0 BLACKROCK CORPOR HI YLD FD V COM 09255p107 517 37881 SHS SOLE 37881 0 0 BLACKROCK GLBL ENRGY & RES T COM 09250u101 953 33996 SHS SOLE 33996 0 0 BLACKROCK INSD MUN TERM TR I COM 092474105 674 68680 SHS SOLE 68680 0 0 CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 9555 632318 SHS SOLE 632318 0 0 CALAVO GROWERS INC COM 128246105 127 10900 SHS SOLE 10900 0 0 CAM COMM SOLUTIONS INC COM 131916108 3546 132065 SHS SOLE 132065 0 0 CAPITAL LEASE FDG INC COM 140288101 2596 241317 SHS SOLE 241317 0 0 CAPSTEAD MTG CORP COM NO PAR 14067e506 1059 106000 SHS SOLE 106000 0 0 CAPSTEAD MTG CORP PFD B CV $1.26 14067e308 1613 124865 SHS SOLE 124865 0 0 CASH SYSTEMS INC COM 14756b102 84 14200 SHS SOLE 14200 0 0 CASS INFORMATION SYS INC COM 14808p109 567 16913 SHS SOLE 16913 0 0 CBIZ INC COM 124805102 3679 518158 SHS SOLE 518158 0 0 CENTURY CASINOS INC COM 156492100 231 28000 SHS SOLE 28000 0 0 CHINA MOBILE LIMITED SPONSORED ADR 16941m109 3363 75247 SHS SOLE 75247 0 0 CHOLESTECH CORP COM 170393102 517 30000 SHS SOLE 30000 0 0 CIRRUS LOGIC INC COM 172755100 1586 203946 SHS SOLE 203946 0 0 CLAYMORE RAYMOND JAMES SB1 E COM 183833102 775 42925 SHS SOLE 42925 0 0 CLICKSOFTWARE TECHNOLOGIES L ORD m25082104 313 98113 SHS SOLE 98113 0 0 CLOUGH GLOBAL EQUITY FD COM 18914c100 579 28510 SHS SOLE 28510 0 0 CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 2590 148075 SHS SOLE 148075 0 0 COCA COLA CO COM 191216100 1349 28100 SHS SOLE 28100 0 0 COHEN & STEERS INC COM 19247a100 2841 66063 SHS SOLE 66063 0 0 COMCAST CORP NEW CL A SPL 20030n200 2347 92008 SHS SOLE 92008 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 2684 75722 SHS SOLE 75722 0 0 COMPUTER TASK GROUP INC COM 205477102 300 66439 SHS SOLE 66439 0 0 CONTINUCARE CORP COM 212172100 420 125000 SHS SOLE 125000 0 0 CORILLIAN CORP COM 218725109 229 45970 SHS SOLE 45970 0 0 CORNING INC COM 219350105 1272 55707 SHS SOLE 55707 0 0 COVANSYS CORP COM 22281w103 2467 100235 SHS SOLE 100235 0 0 CRAY INC COM NEW 225223304 414 30000 SHS SOLE 30000 0 0 CVS CORP COM 126650100 3721 109076 SHS SOLE 109076 0 0 CYBEROPTICS CORP COM 232517102 212 15200 SHS SOLE 15200 0 0 DATALINK CORP COM 237934104 392 50000 SHS SOLE 50000 0 0 DEFINED STRATEGY FD INC COM 24476y100 759 37366 SHS SOLE 37366 0 0 DIAMOND FOODS INC COM 252603105 1958 117601 SHS SOLE 117601 0 0 DIEBOLD INC COM 253651103 1065 22557 SHS SOLE 22557 0 0 DREMAN/CLAYMORE DIVID & INC COM 26153r100 4179 192918 SHS SOLE 192918 0 0 DSW INC CL A 23334l102 3953 93613 SHS SOLE 93613 0 0 DUCOMMUN INC DEL COM 264147109 386 15000 SHS SOLE 15000 0 0 DUKE ENERGY CORP NEW COM 26441c105 2595 128423 SHS SOLE 128423 0 0 DWS GLOBAL COMMODITIES STK F COM 23338y100 718 44794 SHS SOLE 44794 0 0 EATON VANCE CORP COM NON VTG 278265103 748 20957 SHS SOLE 20957 0 0 EATON VANCE TAX ADVT DIV INC COM 27828g107 5961 214985 SHS SOLE 214985 0 0 EATON VANCE TX ADV GLBL DIV COM 27828s101 3022 115928 SHS SOLE 115928 0 0 EDGEWATER TECHNOLOGY INC COM 280358102 616 73000 SHS SOLE 73000 0 0 ELECTRO RENT CORP COM 285218103 2451 170814 SHS SOLE 170814 0 0 ELECTRO-SENSORS INC COM 285233102 171 31700 SHS SOLE 31700 0 0 ELRON ELECTR INDS LTD ORD 290160100 501 37877 SHS SOLE 37877 0 0 EMRISE CORP COM 29246j101 379 305540 SHS SOLE 305540 0 0 ENCORIUM GROUP INC COM 29257r109 375 100000 SHS SOLE 100000 0 0 ENTEGRIS INC COM 29362u104 1706 161403 SHS SOLE 161403 0 0 ENTRUST INC COM 293848107 121 30000 SHS SOLE 30000 0 0 EPIQ SYS INC COM 26882d109 1209 59806 SHS SOLE 59806 0 0 EQUUS TOTAL RETURN INC COM 294766100 1117 129555 SHS SOLE 129555 0 0 ETRIALS WORLDWIDE INC COM 29786p103 208 42500 SHS SOLE 42500 0 0 EUROSEAS LTD COM NEW y23592200 268 27000 SHS SOLE 27000 0 0 EVERLAST WORLDWIDE INC COM 300355104 924 46000 SHS SOLE 46000 0 0 EXPONENT INC COM 30214u102 1647 82572 SHS SOLE 82572 0 0 EXPRESS 1 EXPEDITED SOLUTION COM 30217q108 26 20000 SHS SOLE 20000 0 0 EXXON MOBIL CORP COM 30231g102 1072 14218 SHS SOLE 14218 0 0 EZCORP INC CL A NON VTG 302301106 3403 230274 SHS SOLE 230274 0 0 FIRST ACCEPTANCE CORP COM 318457108 2188 209488 SHS SOLE 209488 0 0 FISERV INC COM 337738108 1589 29995 SHS SOLE 29995 0 0 FLOW INTL CORP COM 343468104 995 94151 SHS SOLE 94151 0 0 FPIC INS GROUP INC COM 302563101 1619 36330 SHS SOLE 36330 0 0 FRANKLIN RES INC COM 354613101 1746 14485 SHS SOLE 14485 0 0 FRANKLIN STREET PPTYS CORP COM 35471R106 216 11253 SHS SOLE 11253 0 0 FREEPORT-MCMORAN COPPER & GO CL B 35671d857 547 8222 SHS SOLE 8222 0 0 FTI CONSULTING INC COM 302941109 3450 102801 SHS SOLE 102801 0 0 GABELLI DIVD & INCOME TR COM 36242h104 7386 343631 SHS SOLE 343631 0 0 GENERAL ELECTRIC CO COM 369604103 1279 36271 SHS SOLE 36271 0 0 GENERAL EMPLOYMENT ENTERPRIS COM 369730106 247 107000 SHS SOLE 107000 0 0 GRILL CONCEPTS INC COM NEW 398502203 135 15000 SHS SOLE 15000 0 0 GUANGSHEN RY LTD SPONSORED ADR 40065w107 1269 40302 SHS SOLE 40302 0 0 H & Q HEALTHCARE FD SH BEN INT 404052102 1790 105752 SHS SOLE 105752 0 0 HANCOCK JOHN PATRIOT GLOBL D COM 41013g103 304 22838 SHS SOLE 22838 0 0 HANCOCK JOHN PATRIOT PFD DIV COM 41013j107 265 19701 SHS SOLE 19701 0 0 HANCOCK JOHN TAX-ADV DIV INC COM 41013v100 1705 84048 SHS SOLE 84048 0 0 HEALTH CARE PPTY INVS INC COM 421915109 1974 54794 SHS SOLE 54794 0 0 HEALTH CARE REIT INC COM 42217k106 280 6355 SHS SOLE 6355 0 0 HEALTH GRADES INC COM 42218q102 182 29000 SHS SOLE 29000 0 0 HEALTHSTREAM INC COM 42222n103 215 50000 SHS SOLE 50000 0 0 HENRY BROS ELECTRONICS INC COM 426286100 132 30000 SHS SOLE 30000 0 0 HERSHA HOSPITALITY TR SH BEN INT A 427825104 2527 214815 SHS SOLE 214815 0 0 HMS HLDGS CORP COM 40425j101 501 22900 SHS SOLE 22900 0 0 HORMEL FOODS CORP COM 440452100 359 9655 SHS SOLE 9655 0 0 IKONICS CORP COM 45172k102 243 23805 SHS SOLE 23805 0 0 IMAGE SENSING SYS INC COM 45244c104 1077 60702 SHS SOLE 60702 0 0 IMMUCELL CORP COM PAR $0.10 452525306 206 38000 SHS SOLE 38000 0 0 INFORTE CORP COM 45677r107 366 105000 SHS SOLE 105000 0 0 INSIGHTFUL CORP COM 45770x100 92 37000 SHS SOLE 37000 0 0 INSIGNIA SYS INC COM 45765y105 266 78450 SHS SOLE 78450 0 0 INTEGRAMED AMER INC COM NEW 45810n302 997 66816 SHS SOLE 66816 0 0 IOMEGA CORP COM NEW 462030305 375 100000 SHS SOLE 100000 0 0 ISHARES TR DJ SEL DIV INX 464287168 503 7063 SHS SOLE 7063 0 0 ISHARES TR S&P 500 VALUE 464287408 1355 17451 SHS SOLE 17451 0 0 J & J SNACK FOODS CORP COM 466032109 3025 76252 SHS SOLE 76252 0 0 J ALEXANDER CORP COM 466096104 276 25000 SHS SOLE 25000 0 0 JER INVT TR INC COM 46614h301 2575 134966 SHS SOLE 134966 0 0 JOHNSON & JOHNSON COM 478160104 1700 28078 SHS SOLE 28078 0 0 JP MORGAN CHASE & CO COM 46625h100 531 10939 SHS SOLE 10939 0 0 KKR FINL CORP COM 482476306 2778 101952 SHS SOLE 101952 0 0 KOHLBERG CAPITAL CORP COM 500233101 2276 143183 SHS SOLE 143183 0 0 KSW INC COM 48268r106 401 62600 SHS SOLE 62600 0 0 KVH INDS INC COM 482738101 233 25000 SHS SOLE 25000 0 0 LANDEC CORP COM 514766104 621 43800 SHS SOLE 43800 0 0 LAZARD GLB TTL RET&INCM FD I COM 52106w103 377 16993 SHS SOLE 16993 0 0 LMP CAP & INCOME FD INC COM 50208a102 6195 322080 SHS SOLE 322080 0 0 MANAGEMENT NETWORK GROUP INC COM 561693102 209 115000 SHS SOLE 115000 0 0 MANOR CARE INC NEW COM 564055101 2165 39807 SHS SOLE 39807 0 0 MANPOWER INC COM 56418h100 2873 39035 SHS SOLE 39035 0 0 MARLIN BUSINESS SVCS CORP COM 571157106 1825 83135 SHS SOLE 83135 0 0 MEADOWBROOK INS GROUP INC COM 58319p108 739 68789 SHS SOLE 68789 0 0 MEDIA SCIENCES INTL INC COM 58446x107 119 22400 SHS SOLE 22400 0 0 MEDTRONIC INC COM 585055106 1502 30606 SHS SOLE 30606 0 0 MERRILL LYNCH & CO INC COM 590188108 788 9649 SHS SOLE 9649 0 0 MET PRO CORP COM 590876306 291 20000 SHS SOLE 20000 0 0 MFA MTG INVTS INC COM 55272x102 2896 378552 SHS SOLE 378552 0 0 MICROS SYS INC COM 594901100 1280 23719 SHS SOLE 23719 0 0 MICROSOFT CORP COM 594918104 210 7517 SHS SOLE 7517 0 0 MIPS TECHNOLOGIES INC COM 604567107 268 30000 SHS SOLE 30000 0 0 MONRO MUFFLER BRAKE INC COM 610236101 2076 58931 SHS SOLE 58931 0 0 MORGAN STANLEY ASIA PAC FD I COM 61744u106 1262 66443 SHS SOLE 66443 0 0 MRU HLDGS INC COM 55348a102 260 37500 SHS SOLE 37500 0 0 MRV COMMUNICATIONS INC COM 553477100 159 45735 SHS SOLE 45735 0 0 MUNICIPAL MTG & EQUITY L L C GROWTH SHS 62624b101 2063 72258 SHS SOLE 72258 0 0 NATHANS FAMOUS INC NEW COM 632347100 327 21687 SHS SOLE 21687 0 0 NAVIGANT CONSULTING INC COM 63935n107 225 11385 SHS SOLE 11385 0 0 NEOGEN CORP COM 640491106 470 20000 SHS SOLE 20000 0 0 NEVADA CHEMICALS INC COM 64127c107 140 13500 SHS SOLE 13500 0 0 NFJ DIVID INT & PREM STRTGY COM SHS 65337h109 3760 147369 SHS SOLE 147369 0 0 NOBEL LEARNING CMNTYS INC COM 654889104 768 50000 SHS SOLE 50000 0 0 NOVAMED INC DEL COM 66986w108 343 52900 SHS SOLE 52900 0 0 NOVARTIS A G SPONSORED ADR 66987v109 2379 43079 SHS SOLE 43079 0 0 NUVEEN EQUITY PREM & GROWTH COM 6706ew100 1541 77875 SHS SOLE 77875 0 0 OPENTV CORP CL A g67543101 667 277140 SHS SOLE 277140 0 0 OPLINK COMMUNICATIONS INC COM NEW 68375q403 1713 94036 SHS SOLE 94036 0 0 OPTELECOM NKF INC COM PAR $0.03 683818207 634 77951 SHS SOLE 77951 0 0 PAR TECHNOLOGY CORP COM 698884103 198 20000 SHS SOLE 20000 0 0 PAULSON CAP CORP COM 703797100 129 26909 SHS SOLE 26909 0 0 PERFICIENT INC COM 71375u101 2814 141769 SHS SOLE 141769 0 0 PETMED EXPRESS INC COM 716382106 119 10000 SHS SOLE 10000 0 0 PHC INC MASS CL A 693315103 328 101000 SHS SOLE 101000 0 0 PINNACLE DATA SYS INC COM 723454104 94 36972 SHS SOLE 36972 0 0 PIONEER TAX ADVNTAGE BALANC COM 72388r101 4655 319227 SHS SOLE 319227 0 0 POOL CORPORATION COM 73278l105 260 7281 SHS SOLE 7281 0 0 POWERSHARES ETF TRUST ZACKS MC PRTFL 73935x740 393 21657 SHS SOLE 21657 0 0 PROCENTURY CORP COM 74268t108 287 12335 SHS SOLE 12335 0 0 PROSHARES TR ULTSHR RU20000 74347r834 202 3000 SHS SOLE 3000 0 0 PROSPECT ENERGY CORP COM 74348t102 240 14000 SHS SOLE 14000 0 0 PRUDENTIAL PLC PER SUB 6.50% g7293h189 264 10205 SHS SOLE 10205 0 0 PSYCHEMEDICS CORP COM NEW 744375205 337 19900 SHS SOLE 19900 0 0 PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 2775 318471 SHS SOLE 318471 0 0 RAINMAKER SYSTEMS COM NEW 750875304 168 20000 SHS SOLE 20000 0 0 RCM TECHNOLOGIES INC COM NEW 749360400 299 41900 SHS SOLE 41900 0 0 REAVES UTIL INCOME FD COM SH BEN INT 756158101 2525 101339 SHS SOLE 101339 0 0 REED ELSEVIER P L C SPONSORED ADR 758205108 1172 24531 SHS SOLE 24531 0 0 RENTRAK CORP COM 760174102 156 10000 SHS SOLE 10000 0 0 REPUBLIC SVCS INC COM 760759100 1225 44230 SHS SOLE 44230 0 0 RESTORATION HARDWARE INC DEL COM 760981100 1847 278731 SHS SOLE 278731 0 0 RICKS CABARET INTL INC COM NEW 765641303 400 40000 SHS SOLE 40000 0 0 ROCHESTER MED CORP COM 771497104 1412 61989 SHS SOLE 61989 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 420 17320 SHS SOLE 17320 0 0 RTW INC COM NEW 74974r206 259 31700 SHS SOLE 31700 0 0 RURAL / METRO CORP COM 781748108 151 20000 SHS SOLE 20000 0 0 RYDEX ETF TRUST TOP 50 ETF 78355w205 1378 13084 SHS SOLE 13084 0 0 SAFETY INS GROUP INC COM 78648t100 566 14116 SHS SOLE 14116 0 0 SCHWAB CHARLES CORP NEW COM 808513105 1898 104236 SHS SOLE 104236 0 0 SEASPAN CORP SHS y75638109 3488 130300 SHS SOLE 130300 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369y886 309 7800 SHS SOLE 7800 0 0 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369y209 1759 52191 SHS SOLE 52191 0 0 SIGMA DESIGNS INC COM 826565103 210 8000 SHS SOLE 8000 0 0 SIMULATIONS PLUS INC COM 829214105 897 90300 SHS SOLE 90300 0 0 SMITH & WESSON HLDG CORP COM 831756101 380 29000 SHS SOLE 29000 0 0 SPDR TR UNIT SER 1 78462f103 902 6356 SHS SOLE 6356 0 0 SPECTRA ENERGY CORP COM 847560109 329 12617 SHS SOLE 12617 0 0 SPORT CHALET INC CL A 849163209 218 20000 SHS SOLE 20000 0 0 SPORT-HALEY INC COM 848925103 192 45000 SHS SOLE 45000 0 0 SPSS INC COM 78462k102 1651 45595 SHS SOLE 45595 0 0 STANDARD PARKING CORP COM 853790103 207 5863 SHS SOLE 5863 0 0 STERICYCLE INC COM 858912108 1003 12385 SHS SOLE 12385 0 0 STONEMOR PARTNERS L P COM UNITS 86183q100 2136 88107 SHS SOLE 88107 0 0 STRYKER CORP COM 863667101 212 3200 SHS SOLE 3200 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 6639 339154 SHS SOLE 339154 0 0 SUPERTEL HOSPITALITY INC MD COM 868526104 479 62784 SHS SOLE 62784 0 0 SUPPORTSOFT INC COM 868587106 468 83000 SHS SOLE 83000 0 0 SUTRON CORP COM 869380105 96 15000 SHS SOLE 15000 0 0 SYNTEL INC COM 87162h103 1176 34001 SHS SOLE 34001 0 0 TALEO CORP CL A 87424n104 521 31400 SHS SOLE 31400 0 0 TARGET CORP COM 87612e106 1448 24469 SHS SOLE 24469 0 0 TAYLOR DEVICES INC COM 877163105 432 87368 SHS SOLE 87368 0 0 TECHNOLOGY INVT CAP CORP COM 878717305 1093 65246 SHS SOLE 65246 0 0 TECHTEAM GLOBAL INC COM 878311109 2159 171548 SHS SOLE 171548 0 0 THOMAS GROUP INC COM 884402108 476 40000 SHS SOLE 40000 0 0 TRIO TECH INTL COM NEW 896712205 167 12000 SHS SOLE 12000 0 0 U S GLOBAL INVS INC CL A 902952100 489 19000 SHS SOLE 19000 0 0 UNICA CORP COM 904583101 311 24800 SHS SOLE 24800 0 0 UNITED PARCEL SERVICE INC CL B 911312106 2000 28297 SHS SOLE 28297 0 0 UNITED TECHNOLOGIES CORP COM 913017109 584 8981 SHS SOLE 8981 0 0 UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359e105 2933 82090 SHS SOLE 82090 0 0 UROPLASTY INC COM NEW 917277204 161 50000 SHS SOLE 50000 0 0 VALUECLICK INC COM 92046n102 3176 121955 SHS SOLE 121955 0 0 VANGUARD INDEX FDS STK MRK ETF 922908769 3930 27791 SHS SOLE 27791 0 0 VARSITY GROUP INC COM 922281100 52 34010 SHS SOLE 34010 0 0 VASCULAR SOLUTIONS INC COM 92231m109 206 20900 SHS SOLE 20900 0 0 VELOCITY EXPRESS CORP COM PAR $0.004 92257t608 113 103000 SHS SOLE 103000 0 0 VERSANT CORP COM NEW 925284309 678 40000 SHS SOLE 40000 0 0 VERSAR INC COM 925297103 176 33000 SHS SOLE 33000 0 0 WASTE MGMT INC DEL COM 94106l109 1303 37792 SHS SOLE 37792 0 0 WELLPOINT INC COM 94973v107 1925 23808 SHS SOLE 23808 0 0 WELLS FARGO & CO NEW COM 949746101 341 9859 SHS SOLE 9859 0 0 WEST PHARMACEUTICAL SVSC INC COM 955306105 2706 58253 SHS SOLE 58253 0 0 WESTERN ASSET INTM MUNI FD I COM 958435109 211 23325 SHS SOLE 23325 0 0 WET SEAL INC CL A 961840105 2271 347378 SHS SOLE 347378 0 0 WINSTON HOTELS INC COM 97563a102 736 48812 SHS SOLE 48812 0 0 WPCS INTL INC COM NEW 92931l203 541 48100 SHS SOLE 48100 0 0 WRIGHT EXPRESS CORP COM 98233q105 2366 77804 SHS SOLE 77804 0 0 XCEL ENERGY INC COM 98389b100 363 14604 SHS SOLE 14604 0 0 ZAREBA SYSTEMS INC COM 989131107 83 17150 SHS SOLE 17150 0 0
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