| Quarter Ending 12/31/2007 | Back to the Enlightened American Website | |||||||||
| Martin Whitman's Third Ave | ||||||||||
| ***** NEW POSITIONS TAKEN | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| AVX CORPORATION | 19,313,289 | $13.42 | $259,184,000 | |||||||
| IAMGOLD CORPORATION | 1,018,700 | $8.20 | $8,350,000 | |||||||
| IMATION CORP. | 499,540 | $21.00 | $10,490,000 | |||||||
| MGIC INVESTMENT CORP. | 4,064,660 | $22.43 | $91,170,000 | |||||||
| MEDIA & ENTER. HOLDINGS, INC. W | 550,000 | $0.75 | $413,000 | |||||||
| TAILWINDFINANCIAL INC. WTS | 375,000 | $0.65 | $244,000 | |||||||
| TRIAD GUARANTY INC | 1,064,023 | $9.80 | $10,427,000 | |||||||
| UNITED FINANCIAL BANCORP INC. | 275,000 | $11.09 | $3,050,000 | |||||||
| UNITED MICROELECTRONICS CORP. A | 1,285,100 | $3.46 | $4,446,000 | |||||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | AVX CORPORATION | 18,099,055 | $16.10 | $291,395,000 | |||||
| N/A | N/A | BOIS D ARC ENERGY, INC. | 48,600 | $19.18 | $932,000 | |||||
| N/A | N/A | CANADIAN NATURAL RESOURCES | 26,520 | $75.75 | $2,009,000 | |||||
| N/A | N/A | CERIDIAN CORP. NEW | 1,259,200 | $34.74 | $43,745,000 | |||||
| N/A | N/A | CLIFTON SAVINGS BANCORP INC. | 50,000 | $11.84 | $592,000 | |||||
| N/A | N/A | CRESUD S.A. ADR | 39,385 | $22.72 | $895,000 | |||||
| N/A | N/A | HKN INC (F.K.A. HARKEN ENERGY C | 47,478 | $9.25 | $439,000 | |||||
| N/A | N/A | HUTCHINSON TECHNOLOGY INC. | 100,022 | $24.60 | $2,461,000 | |||||
| N/A | N/A | LAKE SHORE BANCORP INC | 50,000 | $10.48 | $524,000 | |||||
| N/A | N/A | MILLEA HOLDINGS, INC. ADR | 7,205,931 | $40.17 | $289,453,000 | |||||
| N/A | N/A | NUVEEN INVESTMENTS, INC., CL A | 4,142,751 | $61.94 | $256,602,000 | |||||
| N/A | N/A | POGO PRODUCING COMPANY | 4,906,092 | $53.11 | $260,563,000 | |||||
| N/A | N/A | STANDARD PAC CORP NE | 1,000,000 | $0.71 | $710,000 | |||||
| N/A | N/A | AGRIUM, INC. | 768,000 | $54.38 | $41,764,000 | |||||
| N/A | N/A | TRIBUNE CO | 50,000 | $27.32 | $1,366,000 | |||||
| N/A | N/A | REIS, INC. (F.K.A. WELLSFORD RE | 324,025 | $7.35 | $2,382,000 | |||||
| N/A | N/A | CRM HOLDINGS, LTD. | 45,500 | $6.31 | $287,000 | |||||
| N/A | N/A | CASTLEPOINT HOLDINGS LTD. | 587,218 | $11.50 | $6,753,000 | |||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -86.04% | ACA CAPITAL HOLDINGS INC. ORD | 4,609,419 | 4,609,419 | $0.83 | $5.97 | $3,840,000 | $27,510,000 | ||
| 0.00% | -15.78% | ALICO, INC. | 418,531 | 418,531 | $36.50 | $43.34 | $15,276,000 | $18,139,000 | ||
| 0.00% | -15.52% | ALTO PALERMO S.A. ADR | 100,000 | 100,000 | $14.64 | $17.33 | $1,464,000 | $1,733,000 | ||
| 0.00% | -27.61% | ASSOCIATED ESTATES REALTY CORPO | 1,348,100 | 1,348,100 | $9.44 | $13.04 | $12,726,000 | $17,579,000 | ||
| 0.00% | -16.24% | AVATAR HOLDINGS INC. | 408,775 | 408,775 | $41.82 | $49.93 | $17,095,000 | $20,410,000 | ||
| 0.00% | -13.99% | BERKSHIRE HILLS BANCORP INC. | 390,800 | 390,800 | $26.00 | $30.23 | $10,161,000 | $11,814,000 | ||
| 0.00% | -4.51% | BROOKLYN FEDERAL BANCORP INC. | 637,122 | 637,122 | $13.22 | $13.85 | $8,423,000 | $8,821,000 | ||
| 0.00% | 11.05% | CNX GAS CORP. | 535,800 | 535,800 | $31.95 | $28.77 | $17,119,000 | $15,415,000 | ||
| 0.00% | -25.10% | CALIFORNIA FIRST NATIONAL BANK | 239,259 | 239,259 | $9.73 | $12.99 | $2,328,000 | $3,108,000 | ||
| 0.00% | -17.82% | CAPITAL LEASE FUNDING INC. | 49,300 | 49,300 | $8.42 | $10.24 | $415,000 | $505,000 | ||
| 0.00% | -3.55% | CAPITAL SOUTHWEST | 123,811 | 123,811 | $118.40 | $122.76 | $14,659,000 | $15,199,000 | ||
| 0.00% | -12.72% | CARVER BANCORP, INC. | 218,500 | 218,500 | $13.69 | $15.68 | $2,991,000 | $3,427,000 | ||
| 0.00% | -2.05% | COMMSCOPE INC. | 1,163,162 | 1,163,162 | $49.21 | $50.24 | $57,239,000 | $58,437,000 | ||
| 0.00% | 12.85% | COVANTA HOLDING CORPORATION | 8,816,889 | 8,816,889 | $27.66 | $24.51 | $243,875,000 | $216,102,000 | ||
| 0.00% | 7.66% | DATASCOPE CORPORATION | 342,300 | 342,300 | $36.40 | $33.81 | $12,460,000 | $11,573,000 | ||
| 0.00% | -9.54% | DELTIC TIMBER CORP. | 1,105,190 | 1,105,190 | $51.49 | $56.92 | $56,906,000 | $62,907,000 | ||
| 0.00% | -10.97% | FAIR ISAAC CORPORATION | 337,082 | 337,082 | $32.15 | $36.11 | $10,837,000 | $12,172,000 | ||
| 0.00% | -6.83% | THE FIRST AMERICAN CORPORATION | 1,000,000 | 1,000,000 | $34.12 | $36.62 | $34,120,000 | $36,620,000 | ||
| 0.00% | -19.08% | FOREST CITY ENTERPRISES INC. CL | 26,000 | 26,000 | $44.54 | $55.04 | $1,158,000 | $1,431,000 | ||
| 0.00% | 1.24% | GENEVA ACQUISITION CORP UNIT | 160,000 | 160,000 | $5.63 | $5.56 | $901,000 | $890,000 | ||
| 0.00% | -15.20% | GENEVA ACQUISITION CORP - WARRA | 320,000 | 320,000 | $0.33 | $0.39 | $106,000 | $125,000 | ||
| 0.00% | 3.17% | GLATFELTER P. H. CO. | 5,246,370 | 5,246,370 | $15.31 | $14.84 | $80,322,000 | $77,856,000 | ||
| 0.00% | -24.26% | GOUVERNEUR BANCORP INC. | 205,511 | 205,511 | $8.52 | $11.25 | $1,751,000 | $2,312,000 | ||
| 0.00% | 2.51% | GREENLIGHT CAPITAL RE LTD. CL A | 427,848 | 427,848 | $20.79 | $20.28 | $8,895,000 | $8,677,000 | ||
| 0.00% | -18.59% | HAYNES INTERNATIONAL INC. | 445,714 | 445,714 | $69.50 | $85.37 | $30,977,000 | $38,051,000 | ||
| 0.00% | -0.11% | IDT CORPORATION CL C | 449,743 | 449,743 | $7.90 | $7.91 | $3,553,000 | $3,557,000 | ||
| 0.00% | 4.69% | INDUSTRIAS BACHOCO, S.A. DE C.V | 740,409 | 740,409 | $31.72 | $30.30 | $23,486,000 | $22,434,000 | ||
| 0.00% | 10.72% | INVESTMENT TECHNOLOGY GROUP | 132,800 | 132,800 | $47.59 | $42.98 | $6,320,000 | $5,708,000 | ||
| 0.00% | -0.14% | INVESTOR BANCORP INC | 305,713 | 305,713 | $14.14 | $14.16 | $4,323,000 | $4,329,000 | ||
| 0.00% | -17.17% | JEFFERIES GROUP | 894,400 | 894,400 | $23.05 | $27.83 | $20,616,000 | $24,891,000 | ||
| 0.00% | -2.51% | KAPSTONE PAPER AND PACKAGING | 1,160,000 | 1,160,000 | $7.00 | $7.18 | $8,120,000 | $8,329,000 | ||
| 0.00% | -11.50% | KAPSTONE PAPER & PKG WTS | 300,000 | 300,000 | $2.00 | $2.26 | $600,000 | $678,000 | ||
| 0.00% | -0.68% | LIBERTY MEDIA INTERACTIVE CL A | 261,875 | 261,875 | $19.08 | $19.21 | $4,997,000 | $5,031,000 | ||
| 0.00% | -6.67% | LIBERTY MEDIA HOLDINGS - CAP SR | 49,375 | 49,375 | $116.50 | $124.82 | $5,752,000 | $6,163,000 | ||
| 0.00% | -24.42% | LUNDIN MINING CORP | 929,300 | 929,300 | $9.67 | $12.79 | $8,983,000 | $11,886,000 | ||
| 0.00% | -12.89% | MVC CAPITAL INC. | 365,000 | 365,000 | $16.14 | $18.53 | $5,891,000 | $6,763,000 | ||
| 0.00% | 20.84% | MICROSOFT CORPORATION | 2,000,000 | 2,000,000 | $35.60 | $29.46 | $71,200,000 | $58,920,000 | ||
| 0.00% | -4.18% | MIRANT CORP. | 861,208 | 861,208 | $38.98 | $40.68 | $33,570,000 | $35,034,000 | ||
| 0.00% | -1.93% | OMEGA FLEX INC. | 360,100 | 360,100 | $16.38 | $16.70 | $5,898,000 | $6,014,000 | ||
| 0.00% | 17.03% | PAREXEL INTERNATIONAL CORPORATI | 598,000 | 598,000 | $48.30 | $41.27 | $28,883,000 | $24,679,000 | ||
| 0.00% | -15.90% | PARK ELECTROCHEMICAL CORPORATIO | 1,095,255 | 1,095,255 | $28.24 | $33.58 | $30,930,000 | $36,779,000 | ||
| 0.00% | -6.21% | PATRIOT TRANSPORTATION HOLDINGS | 73,838 | 73,838 | $92.23 | $98.34 | $6,810,000 | $7,261,000 | ||
| 0.00% | 13.91% | PHARMACEUTICAL PRODUCT DEVELOPM | 1,839,726 | 1,839,726 | $40.37 | $35.44 | $74,270,000 | $65,200,000 | ||
| 0.00% | -20.79% | PRECISION DRILLING TRUST | 437,400 | 437,400 | $15.17 | $19.15 | $6,635,000 | $8,376,000 | ||
| 0.00% | -0.58% | RAYMOND JAMES FINANCIAL | 2,444,062 | 2,444,062 | $32.66 | $32.85 | $79,823,000 | $80,287,000 | ||
| 0.00% | -28.38% | SWS GROUP INC. | 281,385 | 281,385 | $12.67 | $17.69 | $3,565,000 | $4,978,000 | ||
| 0.00% | -7.78% | ST. JUDE MEDICAL INC. | 363,000 | 363,000 | $40.64 | $44.07 | $14,752,000 | $15,997,000 | ||
| 0.00% | -15.62% | STANDEX INTERNATIONAL CORPORATI | 480,500 | 480,500 | $17.45 | $20.68 | $8,385,000 | $9,937,000 | ||
| 0.00% | -23.87% | STEWART INFORMATION SERVICES | 479,800 | 479,800 | $26.09 | $34.27 | $12,518,000 | $16,443,000 | ||
| 0.00% | -9.20% | STONELEIGH PARTNERS WARRANTS | 1,750,000 | 1,750,000 | $0.70 | $0.77 | $1,224,000 | $1,348,000 | ||
| 0.00% | 12.80% | SYBASE INC. | 1,094,025 | 1,094,025 | $26.09 | $23.13 | $28,543,000 | $25,305,000 | ||
| 0.00% | 6.06% | TECHNITROL, INC. | 172,700 | 172,700 | $28.58 | $26.95 | $4,936,000 | $4,654,000 | ||
| 0.00% | -2.26% | TOMPKINS TRUSTCO INC. | 54,704 | 54,704 | $38.81 | $39.70 | $2,123,000 | $2,172,000 | ||
| 0.00% | -8.77% | THE TORONTO-DOMINION BANK | 16,354 | 16,354 | $69.95 | $76.68 | $1,144,000 | $1,254,000 | ||
| 0.00% | -31.31% | TRANSFORMA ACQUISITION GROUP | 100,000 | 100,000 | $0.68 | $0.99 | $68,000 | $99,000 | ||
| 0.00% | -12.43% | VISHAY INTERTECNOLOGY, INC. | 555,000 | 555,000 | $11.41 | $13.03 | $6,333,000 | $7,232,000 | ||
| 0.00% | -21.09% | WAUWATOSA HOLDINGS INC. | 72,085 | 72,085 | $12.82 | $16.24 | $924,000 | $1,171,000 | ||
| 0.00% | 12.62% | WILLBROS GROUP, INC. | 214,200 | 214,200 | $38.29 | $34.00 | $8,202,000 | $7,283,000 | ||
| 0.00% | 1.99% | ACE LIMITED | 87,035 | 87,035 | $61.78 | $60.57 | $5,377,000 | $5,272,000 | ||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 51.99% | -1.28% | 782,598 | A.S.V. INC. | 2,287,758 | 1,505,160 | $13.85 | $14.03 | $31,685,000 | $21,117,000 | |
| 3.15% | -26.31% | 78,654 | ALAMO GROUP, INC. | 2,578,615 | 2,499,961 | $18.12 | $24.59 | $46,725,000 | $61,474,000 | |
| 1.76% | 3.05% | 50,064 | ALEXANDER & BALDWIN, INC. | 2,896,131 | 2,846,067 | $51.66 | $50.13 | $149,614,000 | $142,673,000 | |
| 0.77% | -3.16% | 15,550 | ALLIANCE DATA SYSTEMS CORP. | 2,038,710 | 2,023,160 | $74.99 | $77.44 | $152,883,000 | $156,674,000 | |
| 402.31% | -59.04% | 2,162,401 | AMBAC FINANCIAL GROUP | 2,699,896 | 537,495 | $25.77 | $62.91 | $69,576,000 | $33,814,000 | |
| 42.86% | 4.41% | 1,500,000 | AMERICAN FIN'L REALTY 4.375% 07 | 5,000,000 | 3,500,000 | $0.98 | $0.94 | $4,888,000 | $3,277,000 | |
| 0.83% | -9.67% | 2,350 | BEL FUSE INC. CL A | 284,467 | 282,117 | $34.49 | $38.18 | $9,811,000 | $10,771,000 | |
| 5.96% | -15.55% | 64,388 | BEL FUSE INC. CL B | 1,144,177 | 1,079,789 | $29.27 | $34.66 | $33,490,000 | $37,425,000 | |
| 1.76% | 0.34% | 89,289 | BRONCO DRILLING CO. INC. | 5,170,216 | 5,080,927 | $14.85 | $14.80 | $76,778,000 | $75,198,000 | |
| 21.91% | -9.49% | 109,569 | CBRE REALTY FINANCE INC. | 609,569 | 500,000 | $5.34 | $5.90 | $3,255,000 | $2,950,000 | |
| 635.52% | -40.22% | 3,146,833 | CIT GROUP INC. | 3,641,993 | 495,160 | $24.03 | $40.20 | $87,517,000 | $19,905,000 | |
| 22.77% | 1.02% | 115,906 | CAVCO INDUSTRIES, INC. | 624,873 | 508,967 | $33.84 | $33.50 | $21,146,000 | $17,050,000 | |
| 8.35% | -11.19% | 185,746 | COACHMEN INDUSTRIES, INC. | 2,411,438 | 2,225,692 | $5.95 | $6.70 | $14,348,000 | $14,912,000 | |
| 17.03% | -21.85% | 146,691 | COHERENT INC. | 1,007,846 | 861,155 | $25.07 | $32.08 | $25,267,000 | $27,626,000 | |
| 36.41% | -10.93% | 13,430 | MARR | 50,320 | 36,890 | $10.33 | $11.60 | $520,000 | $428,000 | |
| 230.61% | 3.33% | 495,818 | ASPEN INSURANCE HOLDINGS LTD | 710,818 | 215,000 | $28.84 | $27.91 | $20,500,000 | $6,001,000 | |
| 4154.32% | -24.72% | 1,100,895 | COUSINS PROPERTIES INC | 1,127,395 | 26,500 | $22.10 | $29.36 | $24,915,000 | $778,000 | |
| 56.95% | -18.49% | 1,236,556 | CROSS COUNTRY HEALTHCARE INC. | 3,407,969 | 2,171,413 | $14.24 | $17.47 | $48,529,000 | $37,935,000 | |
| 0.97% | -7.54% | 3,850 | EASTGROUP PROPERTIES INC. | 400,891 | 397,041 | $41.85 | $45.26 | $16,777,000 | $17,970,000 | |
| 96.47% | -36.65% | 1,423,938 | ENCORE WIRE CORPORATION | 2,899,951 | 1,476,013 | $15.92 | $25.13 | $46,167,000 | $37,092,000 | |
| 9.73% | -1.60% | 34,131 | FEDFIRST FINANCIAL CORPORATION | 384,936 | 350,805 | $8.97 | $9.11 | $3,451,000 | $3,196,000 | |
| 5.54% | -19.43% | 967,129 | FOREST CITY ENTERPRISES INC. CL | 18,430,239 | 17,463,110 | $44.44 | $55.16 | $819,040,000 | $963,265,000 | |
| 1.90% | -43.94% | 70,165 | HANDLEMAN COMPANY | 3,766,103 | 3,695,938 | $1.71 | $3.05 | $6,440,000 | $11,273,000 | |
| 1.85% | -8.09% | 51,844 | HERLEY INDUSTRIES, INC. | 2,856,186 | 2,804,342 | $13.75 | $14.96 | $39,273,000 | $41,953,000 | |
| 94.18% | -4.99% | 121,957 | HOME FEDERAL BANCORP INC/ LA | 251,457 | 129,500 | $9.50 | $10.00 | $2,389,000 | $1,295,000 | |
| 9.49% | -8.00% | 150,000 | INGRAM MICRO INC. | 1,730,800 | 1,580,800 | $18.04 | $19.61 | $31,224,000 | $30,999,000 | |
| 49.40% | -23.58% | 497,845 | INSTEEL INDUSTRIES INC. | 1,505,594 | 1,007,749 | $11.73 | $15.35 | $17,661,000 | $15,469,000 | |
| 41.21% | -20.99% | 1,252,401 | K-SWISS INC., CL A | 4,291,746 | 3,039,345 | $18.10 | $22.91 | $77,681,000 | $69,631,000 | |
| 15.33% | -13.22% | 444,357 | LEGG MASON INC. | 3,343,553 | 2,899,196 | $73.15 | $84.29 | $244,581,000 | $244,373,000 | |
| 52.37% | -16.06% | 861,500 | LEXMARK INTERNATIONAL INC. CL A | 2,506,565 | 1,645,065 | $34.86 | $41.53 | $87,379,000 | $68,320,000 | |
| 15.48% | -19.39% | 728,428 | LOUISIANA PACIFIC CORP. | 5,432,819 | 4,704,391 | $13.68 | $16.97 | $74,321,000 | $79,834,000 | |
| 105.67% | -69.48% | 7,076,872 | MBIA INC. | 13,774,170 | 6,697,298 | $18.63 | $61.05 | $256,613,000 | $408,870,000 | |
| 8.22% | -9.31% | 207,214 | MDC HOLDINGS INC. | 2,728,331 | 2,521,117 | $37.13 | $40.94 | $101,303,000 | $103,215,000 | |
| 8.47% | -18.98% | 23,656 | NATIONAL WESTERN LIFE INSURANCE | 302,971 | 279,315 | $207.37 | $255.96 | $62,827,000 | $71,493,000 | |
| 80.32% | 9.17% | 664,539 | NEWMONT MNG CORP | 1,491,925 | 827,386 | $48.83 | $44.73 | $72,851,000 | $37,009,000 | |
| 0.47% | -15.86% | 19,194 | POSCO ADR | 4,138,794 | 4,119,600 | $150.41 | $178.77 | $622,516,000 | $736,461,000 | |
| 8.25% | -6.96% | 458,320 | PFIZER INC. | 6,011,396 | 5,553,076 | $22.73 | $24.43 | $136,639,000 | $135,661,000 | |
| 46.83% | -2.46% | 2,292,157 | PIONEER DRILLING CO. | 7,186,848 | 4,894,691 | $11.88 | $12.18 | $85,380,000 | $59,617,000 | |
| 48.21% | -49.83% | 4,912,623 | RADIAN GROUP INC. | 15,102,285 | 10,189,662 | $11.68 | $23.28 | $176,395,000 | $237,215,000 | |
| 1285.27% | -17.37% | 872,701 | RESOURCE CAPITAL CORPORATION | 940,601 | 67,900 | $9.31 | $11.27 | $8,757,000 | $765,000 | |
| 1.20% | 5.65% | 181,859 | THE ST. JOE COMPANY | 15,347,635 | 15,165,776 | $35.51 | $33.61 | $544,995,000 | $509,722,000 | |
| 4.01% | -19.77% | 9,387 | SEARS HOLDING CORPORATION | 243,393 | 234,006 | $102.05 | $127.20 | $24,838,000 | $29,766,000 | |
| 8.80% | -2.43% | 89,205 | SKYLINE CORPORATION | 1,102,720 | 1,013,515 | $29.35 | $30.08 | $32,365,000 | $30,487,000 | |
| 9.66% | -26.15% | 252,091 | STANLEY FURNITURE COMPANY, INC. | 2,861,268 | 2,609,177 | $12.00 | $16.25 | $34,335,000 | $42,399,000 | |
| 1.32% | -16.23% | 63,089 | SUPERIOR INDUSTRIES INTERNATION | 4,853,345 | 4,790,256 | $18.17 | $21.69 | $88,185,000 | $103,901,000 | |
| 2.40% | -5.65% | 456,428 | SYCAMORE NETWORKS, INC. | 19,504,404 | 19,047,976 | $3.84 | $4.07 | $74,897,000 | $77,525,000 | |
| 57.88% | -31.30% | 7,402,302 | TELLABS, INC. | 20,192,231 | 12,789,929 | $6.54 | $9.52 | $132,057,000 | $121,760,000 | |
| 51.99% | -12.70% | 368,300 | TIDEWATER INC. | 1,076,715 | 708,415 | $54.86 | $62.84 | $59,069,000 | $44,517,000 | |
| 13.43% | -4.69% | 659,909 | USG CORPORATION | 5,573,058 | 4,913,149 | $35.79 | $37.55 | $199,460,000 | $184,489,000 | |
| 5.76% | -13.61% | 49,200 | VAIL RESORTS INC. | 902,690 | 853,490 | $53.81 | $62.29 | $48,574,000 | $53,164,000 | |
| 58.57% | -25.03% | 1,713,519 | WESTLAKE CHEMICAL CORP. | 4,639,335 | 2,925,816 | $18.99 | $25.33 | $88,101,000 | $74,111,000 | |
| 57.64% | -3.90% | 2,314,360 | MONTPELIER RE HOLDINGS LTD. | 6,329,316 | 4,014,956 | $17.01 | $17.70 | $107,662,000 | $71,065,000 | |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -1.96% | -5.60% | -51,650 | ACADIA REALTY TRUST | 2,581,610 | 2,633,260 | $25.61 | $27.13 | $66,115,000 | $71,440,000 | |
| -97.37% | -0.35% | -5,541,133 | AMERICAN FINANCIAL REALTY TRUST | 149,600 | 5,690,733 | $8.02 | $8.05 | $1,200,000 | $45,810,000 | |
| -89.68% | -11.77% | -327,685 | AMERICAN LAND LEASE INC. | 37,728 | 365,413 | $19.83 | $22.47 | $748,000 | $8,211,000 | |
| -3.20% | -14.20% | -56,353 | APPLIED MATERIALS, INC. | 1,703,546 | 1,759,899 | $17.76 | $20.70 | $30,255,000 | $36,430,000 | |
| -1.73% | 10.47% | -175,175 | BANK OF NEW YORK MELLON CORP. | 9,962,987 | 10,138,162 | $48.76 | $44.14 | $485,795,000 | $447,499,000 | |
| -3.15% | -30.80% | -341,869 | BORLAND SOFTWARE CORPORATION | 10,495,553 | 10,837,422 | $3.01 | $4.35 | $31,592,000 | $47,143,000 | |
| -1.10% | 29.60% | -18,650 | BRISTOW GROUP INC. | 1,684,349 | 1,702,999 | $56.65 | $43.71 | $95,418,000 | $74,438,000 | |
| -1.22% | -7.35% | -307,352 | BROOKFIELD ASSET MGMT. CL A | 24,941,468 | 25,248,820 | $35.67 | $38.50 | $889,662,000 | $972,080,000 | |
| -0.75% | -22.69% | -26,075 | BROOKFIELD PROPERTIES | 3,441,162 | 3,467,237 | $19.25 | $24.90 | $66,242,000 | $86,334,000 | |
| -8.89% | -12.34% | -514,770 | BROOKLINE BANCORP, INC. | 5,278,605 | 5,793,375 | $10.16 | $11.59 | $53,631,000 | $67,145,000 | |
| -1.86% | 14.17% | -161,080 | CIMAREX ENERGY CO. | 8,476,288 | 8,637,368 | $42.53 | $37.25 | $360,497,000 | $321,742,000 | |
| -88.97% | 10.25% | -3,814,058 | COMSTOCK RESOURCES, INC. | 472,710 | 4,286,768 | $34.00 | $30.84 | $16,072,000 | $132,204,000 | |
| -1.99% | -6.74% | -12,100 | CONSOLIDATED TOMOKA LAND COMPAN | 595,050 | 607,150 | $62.68 | $67.21 | $37,298,000 | $40,807,000 | |
| -3.61% | -14.09% | -12,488 | CRYSTAL RIVER CAPITAL INC. | 333,075 | 345,563 | $14.44 | $16.81 | $4,810,000 | $5,809,000 | |
| -12.94% | -17.15% | -498,287 | ELECTRO SCIENTIFIC INDUSTRIES, | 3,353,852 | 3,852,139 | $19.85 | $23.96 | $66,574,000 | $92,297,000 | |
| -1.19% | -16.31% | -43,472 | ELECTRONICS FOR IMAGING INC. | 3,617,748 | 3,661,220 | $22.48 | $26.86 | $81,327,000 | $98,340,000 | |
| -36.83% | 9.88% | -1,147,950 | ENCANA CORPORATION | 1,968,750 | 3,116,700 | $67.96 | $61.85 | $133,796,000 | $192,768,000 | |
| -0.10% | -12.56% | -500 | FBL FINANCIAL GROUP, INC. | 507,000 | 507,500 | $34.53 | $39.49 | $17,507,000 | $20,041,000 | |
| -0.14% | -20.69% | -2,000 | FIRST POTOMAC REALTY TRUST | 1,396,000 | 1,398,000 | $17.29 | $21.80 | $24,137,000 | $30,476,000 | |
| -1.98% | -0.46% | -59,401 | FORDING CANADIAN COAL TRUST | 2,935,552 | 2,994,953 | $38.60 | $38.78 | $113,312,000 | $116,144,000 | |
| -26.23% | -18.23% | -712,236 | GSI GROUP INC. | 2,002,748 | 2,714,984 | $9.24 | $11.30 | $18,505,000 | $30,679,000 | |
| -2.16% | 2.51% | -105,523 | HAVERTY FURNITURE COMPANIES INC | 4,768,971 | 4,874,494 | $8.99 | $8.77 | $42,873,000 | $42,749,000 | |
| -0.28% | 0.96% | -10,000 | IDT CORPORATION CL B | 3,610,200 | 3,620,200 | $8.45 | $8.37 | $30,506,000 | $30,301,000 | |
| -31.94% | -8.25% | -158,200 | IRSA INVESTMENTS AND REPRESENTA | 337,100 | 495,300 | $14.56 | $15.87 | $4,908,000 | $7,860,000 | |
| -19.41% | 3.09% | -1,014,185 | INTEL CORPORATION | 4,210,000 | 5,224,185 | $26.66 | $25.86 | $112,239,000 | $135,097,000 | |
| -2.28% | -13.49% | -54,700 | JER INVESTORS TRUST INC. | 2,339,215 | 2,393,915 | $10.77 | $12.45 | $25,193,000 | $29,804,000 | |
| -11.73% | -11.61% | -356,956 | JAKKS PACIFIC, INC. | 2,686,025 | 3,042,981 | $23.61 | $26.71 | $63,417,000 | $81,278,000 | |
| -10.29% | -5.70% | -578,950 | JOURNAL COMMUNICATIONS INC. CL | 5,046,739 | 5,625,689 | $8.94 | $9.48 | $45,118,000 | $53,332,000 | |
| -23.71% | -6.88% | -351,615 | KEARNY FINANCIAL CORP. | 1,131,350 | 1,482,965 | $11.91 | $12.79 | $13,474,000 | $18,967,000 | |
| -14.65% | -18.42% | -854,561 | LEAPFROG ENTERPRISES INC. | 4,977,817 | 5,832,378 | $6.73 | $8.25 | $33,501,000 | $48,117,000 | |
| -3.41% | -2.32% | -34,538 | LEUCADIA NATIONAL CORPORATION | 977,396 | 1,011,934 | $47.10 | $48.22 | $46,035,000 | $48,795,000 | |
| -40.91% | -9.33% | -225,000 | MEDIA & ENTERTAINMENT HOLDINGS, | 325,000 | 550,000 | $7.39 | $8.15 | $2,402,000 | $4,483,000 | |
| -48.30% | -17.14% | -591,135 | MERCER INT'L INC. SBI | 632,683 | 1,223,818 | $7.83 | $9.45 | $4,954,000 | $11,565,000 | |
| -1.88% | -21.53% | -188,800 | NEWALLIANCE BANCSHARES, INC. | 9,860,435 | 10,049,235 | $11.52 | $14.68 | $113,592,000 | $147,523,000 | |
| -4.30% | -12.73% | -2,390 | OCEAN SHORE HOLDING COMPANY | 53,251 | 55,641 | $9.80 | $11.23 | $522,000 | $625,000 | |
| -19.46% | -5.55% | -177,925 | ONE LIBERTY PROPERTIES | 736,375 | 914,300 | $18.37 | $19.45 | $13,527,000 | $17,783,000 | |
| -4.65% | -33.88% | -106,430 | ORIGEN FINANCIAL INC. | 2,180,470 | 2,286,900 | $4.00 | $6.05 | $8,722,000 | $13,836,000 | |
| -0.27% | -7.56% | -2,548 | PS BUSINESS PARKS, INC. | 947,692 | 950,240 | $52.55 | $56.85 | $49,801,000 | $54,021,000 | |
| -61.51% | -2.76% | -1,038,700 | GOLAR LNG LTD. | 650,000 | 1,688,700 | $21.92 | $22.54 | $14,245,000 | $38,057,000 | |
| -0.49% | -15.88% | -20,875 | PHOENIX COMPANIES INC. | 4,244,000 | 4,264,875 | $11.87 | $14.11 | $50,376,000 | $60,177,000 | |
| -11.32% | -4.48% | -384,972 | PROLOGIS TRUST | 3,015,176 | 3,400,148 | $63.38 | $66.35 | $191,102,000 | $225,600,000 | |
| -1.11% | -15.63% | -26,733 | QUADRA REALTY TRUST INC. | 2,383,700 | 2,410,433 | $8.04 | $9.53 | $19,165,000 | $22,971,000 | |
| -1.64% | 4.74% | -55,900 | RAIT INVESTMENT TRUST | 3,352,000 | 3,407,900 | $8.62 | $8.23 | $28,894,000 | $28,047,000 | |
| -40.46% | -14.45% | -190,197 | ROCKVILLE FINANCIAL INC. | 279,941 | 470,138 | $12.20 | $14.26 | $3,415,000 | $6,704,000 | |
| -2.66% | -2.62% | -70,550 | RUSS BERRIE AND COMPANY, INC. | 2,576,777 | 2,647,327 | $16.36 | $16.80 | $42,156,000 | $44,475,000 | |
| -3.00% | 8.24% | -81,000 | ST. MARY LAND & EXPLORATION | 2,620,703 | 2,701,703 | $38.61 | $35.67 | $101,185,000 | $96,370,000 | |
| -4.76% | 14.68% | -50,000 | SUNCOR ENERGY INC. | 1,000,000 | 1,050,000 | $108.73 | $94.81 | $108,730,000 | $99,551,000 | |
| -4.67% | -4.25% | -74,827 | SYNOPSYS INC. | 1,525,952 | 1,600,779 | $25.93 | $27.08 | $39,568,000 | $43,349,000 | |
| -50.00% | -8.71% | -187,500 | TAILWIND FINANCIAL INC. UNITS | 187,500 | 375,000 | $7.58 | $8.30 | $1,421,000 | $3,113,000 | |
| -0.31% | -1.33% | -14,200 | TEJON RANCH CO. | 4,508,465 | 4,522,665 | $40.85 | $41.40 | $184,171,000 | $187,238,000 | |
| -7.39% | -10.17% | -204,720 | THOMAS PROPERTIES GROUP INC. | 2,566,549 | 2,771,269 | $10.78 | $12.00 | $27,667,000 | $33,255,000 | |
| -2.00% | -26.05% | -30,000 | TRINITY INDUSTRIES | 1,470,350 | 1,500,350 | $27.76 | $37.54 | $40,817,000 | $56,323,000 | |
| -0.72% | -19.57% | -9,600 | VORNADO REALTY TRUST | 1,327,543 | 1,337,143 | $87.95 | $109.35 | $116,757,000 | $146,217,000 | |
| -1.14% | 9.59% | -8,666 | WESTWOOD HOLDINGS GROUP INC. | 752,637 | 761,303 | $37.60 | $34.31 | $28,299,000 | $26,120,000 | |
| -35.18% | 29.72% | -560,100 | WHITING PETROLEUM CORPORATION | 1,032,183 | 1,592,283 | $57.66 | $44.45 | $59,516,000 | $70,777,000 | |
| -4.52% | -5.46% | -69,155 | ARCH CAPITAL GROUP LTD. | 1,461,659 | 1,530,814 | $70.35 | $74.41 | $102,828,000 | $113,908,000 | |
| -0.21% | -10.98% | -23,250 | NABORS INDUSTRIES | 10,949,036 | 10,972,286 | $27.39 | $30.77 | $299,894,000 | $337,617,000 | |
| -1.07% | -1.10% | -650 | WHITE MOUNTAINS INSURANCE GROUP | 60,100 | 60,750 | $514.04 | $519.75 | $30,894,000 | $31,575,000 | |