| Tejon Ranch Co CMN(TRC) | COM | 879080109 | $80.2M | 2,600,000 | 38.8% |
| Saga Communication, Inc. CMN Class A(SGA) | COM | 786598300 | $55.7M | 1,256,000 | 27.0% |
| Barnes & Noble, Inc CMN | COM | 067774109 | $25.9M | 2,000,000 | 12.5% |
| Johnson Outdoors Inc CMN Class A(JOUT) | COM | 479167108 | $11.6M | 433,056 | 5.6% |
| Corning Incorporated CMN(GLW) | COM | 219350105 | $6.7M | 460,000 | 3.3% |
| Gyrodyne Co Amer CMN | COM | 403820103 | $4.8M | 63,835 | 2.3% |
| Exco Resources Inc CMN | COM | 269279402 | $3.6M | 534,800 | 1.7% |
| Griffin Land & Nurseries CMN | COM | 398231100 | $3.5M | 107,486 | 1.7% |
| Orient-Express Hotels LTD CMN Class A | COM | G67743107 | $3.2M | 250,000 | 1.6% |
| Emmis Communications Corp Cl-A Class A | COM | 291525103 | $2.5M | 945,000 | 1.2% |
| Realnetworks Inc CMN | COM | 75605L708 | $2.0M | 237,941 | 1.0% |
| Computer Sciences Corp CMN | COM | 205363104 | $1.9M | 36,900 | 0.9% |
| BRT Realty Trust (Sbi)$3.00par CMN(BRT) | COM | 055645303 | $1.2M | 166,842 | 0.6% |
| Biota Pharmaceuticals Inc CMN | COM | 090694100 | $1.2M | 285,000 | 0.6% |
| WTS N Ranch Co. 40.0000 Exp08/31/2016 | WTS | 879080133 | $1.1M | 384,046 | 0.5% |
| RTS Fi-Aventis Exp12/31/2020 | RTS | 80105N113 | $444.0K | 220,000 | 0.2% |
| Internet Patents Corp CMN | COM | 46063G101 | $336.0K | 105,000 | 0.2% |
| Call @ 20 EXP 01/18/2014Call | CALL | 428236103 | $211.0K | 1,000 | 0.1% |
| Emmis Communications Corp 6.25% Series A CVT Preferred PFD | CNV | 291525202 | $210.0K | 14,411 | 0.1% |
| Lakes Entertainment Inc CMN | COM | 51206P109 | $41.0K | 10,000 | 0.0% |
| Westell Technologies Inc CMN Class A | COM | 957541105 | $40.0K | 12,000 | 0.0% |