| Tejon Ranch Co CMN(TRC) | COM | 879080109 | $83.7M | 2,600,000 | 39.9% |
| Saga Communication, Inc. CMN Class A(SGA) | COM | 786598300 | $53.3M | 1,247,838 | 25.4% |
| Barnes & Noble, Inc CMN | COM | 067774109 | $46.2M | 2,025,000 | 22.0% |
| Johnson Outdoors Inc CMN Class A(JOUT) | COM | 479167108 | $3.3M | 128,943 | 1.6% |
| Corning Incorporated CMN(GLW) | COM | 219350105 | $3.3M | 150,000 | 1.6% |
| Griffin Land & Nurseries CMN | COM | 398231100 | $3.3M | 110,714 | 1.6% |
| Emmis Communications Corp Cl-A Class A | COM | 291525103 | $2.8M | 940,000 | 1.3% |
| Occidental Petroleum Corp CMN(OXY) | COM | 674599105 | $2.6M | 25,000 | 1.2% |
| Orient-Express Hotels LTD CMN Class A | COM | G67743107 | $1.9M | 130,000 | 0.9% |
| Realnetworks Inc CMN | COM | 75605L708 | $1.7M | 225,000 | 0.8% |
| Exco Resources Inc CMN | COM | 269279402 | $1.7M | 289,500 | 0.8% |
| BRT Realty Trust (Sbi)$3.00par CMN(BRT) | COM | 055645303 | $1.2M | 166,842 | 0.6% |
| WTS N Ranch Co. 40.0000 Exp08/31/2016 | WTS | 879080133 | $1.1M | 384,046 | 0.5% |
| Lands' END, Inc. CMN(LE) | COM | 51509F105 | $1.0M | 30,000 | 0.5% |
| Dolby Laboratories, Inc. CMN Class A(DLB) | COM | 25659T107 | $864.0K | 20,000 | 0.4% |
| Biota Pharmaceuticals Inc CMN | COM | 090694100 | $641.0K | 225,000 | 0.3% |
| Martha Stewart Living Omnimedia Inc Cl-A Class A | COM | 573083102 | $353.0K | 75,000 | 0.2% |
| Internet Patents Corp CMN | COM | 46063G101 | $326.0K | 105,000 | 0.2% |
| Emmis Communications Corp 6.25% Series A CVT Preferred PFD | CNV | 291525202 | $273.0K | 19,191 | 0.1% |
| RTS Fi-Aventis Exp12/31/2020 | RTS | 80105N113 | $200.0K | 400,000 | 0.1% |
| Gyrodyne Co Amer CMN | COM | 403820103 | $5.0K | 1,000 | 0.0% |