0001037792-12-000001.txt : 20120206 0001037792-12-000001.hdr.sgml : 20120206 20120206170949 ACCESSION NUMBER: 0001037792-12-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120206 DATE AS OF CHANGE: 20120206 EFFECTIVENESS DATE: 20120206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARADIGM CAPITAL MANAGEMENT INC/NY CENTRAL INDEX KEY: 0001037792 IRS NUMBER: 141770168 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06298 FILM NUMBER: 12574436 BUSINESS ADDRESS: STREET 1: 9 ELK STREET CITY: ALBANY STATE: NY ZIP: 12207 BUSINESS PHONE: 5184313500 MAIL ADDRESS: STREET 1: 9 ELK STREET CITY: ALBANY STATE: NY ZIP: 12207 13F-HR 1 pcm13f4q11-finalwithcover.txt United States Securities and Exchange Commission Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 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: Paradigm Capital Management, Inc. Address: 9 Elk Street Albany, NY 12207 13F File Number: 028-06298 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: John V. Gulick Title: Vice President, Chief Compliance Officer Phone: (518) 431-3500 Signature, Place, and Date of Signing: /s/ John V. Gulick Albany, NY February 6, 2012 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: 1 Form 13F Information Table Entry Total: 321 Form 13F Information Table Value Total: 1,888,496 (x1000) List of Other Included Managers: No. 13F File Number Name - --- --------------- ----------------------------------- 01 028-00000 Paradigm Funds Advisor LLC 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Acacia Research Corp 003881307 663 18150 SH Sole 18150 Acadia Healthcare Co Inc 00404a109 449 45031 SH Sole 45031 Actuate Corporation 00508b102 4699 801800 SH Sole 801800 2583 440700 SH Defined 01 440700 Adirondack Trust co Saratoga S 007014103 367 280 SH Sole 280 Albany International Corp. 'A' 012348108 231 10000 SH Sole 10000 Albany Molecular Research Inc. 012423109 1479 504904 SH Sole 504904 Alleghany Corporation 017175100 7077 24806 SH Sole 24806 117 409 SH Defined 01 409 Alphatec Hldgs Inc 02081g102 9084 5281214 SH Sole 5281214 110 64000 SH Defined 01 64000 Amer Eagle Outfitters 02553e106 20005 1308355 SH Sole 1308355 4841 316600 SH Defined 01 316600 American Financial Group 025932104 7461 202250 SH Sole 202250 118 3200 SH Defined 01 3200 American Woodmark Corporation 030506109 2569 188037 SH Sole 188037 Anaren Microwave 032744104 4195 252400 SH Sole 252400 Anworth Mortgage Asset Corp 037347101 16001 2548005 SH Sole 2548005 5252 836300 SH Defined 01 836300 Applied Industrial Technologie 03820C105 13859 394050 SH Sole 394050 4305 122392 SH Defined 01 122392 Aptargroup, Inc. 038336103 8026 153845 SH Sole 153845 125 2400 SH Defined 01 2400 Aspen Insurance Holdings Ltd g05384105 13695 516775 SH Sole 516775 3707 139900 SH Defined 01 139900 Atwood Oceanics Inc 050095108 5366 134850 SH Sole 134850 2881 72400 SH Defined 01 72400 Avnet Inc 053807103 13936 448255 SH Sole 448255 375 12060 SH Defined 01 12060 Barnes Group Inc. 067806109 301 12500 SH Sole 12500 Baxter International 071813109 534 10800 SH Sole 10800 Bebe Stores, Inc. 075571109 9343 1121658 SH Sole 1121658 Benchmark Electronics Inc. 08160H101 2157 160100 SH Sole 160100 Berkshire Hathaway Cl B 084670702 243 3191 SH Sole 3191 Big Lots Inc 089302103 5829 154365 SH Sole 154365 3304 87500 SH Defined 01 87500 Bon-Ton Stores, Inc. 09776J101 3289 975900 SH Sole 975900 Brightpoint, Inc. 109473405 36374 3380495 SH Sole 3380495 6992 649770 SH Defined 01 649770 Brown Shoe Company 115736100 11282 1267600 SH Sole 1267600 285 32000 SH Defined 01 32000 Build-A-Bear Workshop, Inc. 120076104 8279 978595 SH Sole 978595 Cache, Inc. 127150308 5251 848300 SH Sole 848300 Cal-Maine Foods Inc New 128030202 8089 221205 SH Sole 221205 3551 97100 SH Defined 01 97100 Canadian National Railway 136375102 666 8476 SH Sole 8476 96 1220 SH Defined 01 1220 Capitol Federal Financial Inc 14057J101 14316 1240522 SH Sole 1240522 1290 111800 SH Defined 01 111800 Cedar Fair, L.P. 150185106 278 12950 SH Sole 12950 Celadon Group Inc 150838100 246 20825 SH Sole 20825 Cenveo, Inc. 15670S105 12735 3745650 SH Sole 3745650 Chemtura Corp 163893209 12399 1093356 SH Sole 1093356 3196 281800 SH Defined 01 281800 Cloud Peak Energy Inc. 18911q102 4326 223900 SH Sole 223900 1422 73600 SH Defined 01 73600 Cohu Inc. 192576106 15665 1380220 SH Sole 1380220 Coldwater Creek Inc. 193068103 5017 4251500 SH Sole 4251500 Colgate-Palmolive 194162103 4289 46420 SH Sole 46420 Collective Brands 19421w100 14561 1013300 SH Sole 1013300 Compuware Corp 205638109 13700 1646575 SH Sole 1646575 3370 405000 SH Defined 01 405000 Comtech Communications 205826209 3349 117000 SH Sole 117000 Consolidated Graphics Inc. 209341106 19893 412024 SH Sole 412024 Convergys Corporation 212485106 25079 1963900 SH Sole 1963900 6631 519300 SH Defined 01 519300 Cray Computer 225223304 12875 1989900 SH Sole 1989900 CTS Corp 126501105 9413 1023200 SH Sole 1023200 CVS Corporation 126650100 1423 34905 SH Sole 34905 Cymer Inc. 232572107 8666 174150 SH Sole 174150 4862 97700 SH Defined 01 97700 Dawson Geophysical 239359102 2655 67159 SH Sole 67159 Dillards Inc. 254067101 9905 220700 SH Sole 220700 Diodes Inc 254543101 6510 305652 SH Sole 305652 2394 112400 SH Defined 01 112400 Dole Food Company Inc 256603101 6698 774300 SH Sole 774300 1503 173800 SH Defined 01 173800 Dynamics Research Corp 268057106 439 38732 SH Sole 38732 238 21000 SH Defined 01 21000 Ellis Perry Intl 288853104 711 50000 SH Sole 50000 EMCOR Group, Inc. 29084Q100 19455 725650 SH Sole 725650 4818 179700 SH Defined 01 179700 Emulex Corporation 292475209 6777 987925 SH Sole 987925 3052 444900 SH Defined 01 444900 Endo Pharmaceuticals Hldgs Inc 29264f205 13958 404215 SH Sole 404215 4700 136100 SH Defined 01 136100 Energy XXI Bermuda Limited g10082140 235 7375 SH Sole 7375 EnerSys 29275y102 19825 763400 SH Sole 763400 Ethan Allen Interiors 297602104 237 10000 SH Sole 10000 Exactech Inc. 30064e109 5303 322000 SH Sole 322000 280 17000 SH Defined 01 17000 Exide Technologies 302051206 9354 3556500 SH Sole 3556500 400 152000 SH Defined 01 152000 Express Inc. 30219e103 9895 496225 SH Sole 496225 4215 211400 SH Defined 01 211400 Ezcorp Inc 302301106 9245 350575 SH Sole 350575 3897 147800 SH Defined 01 147800 Finisar Corp 31787a507 10023 598538 SH Sole 598538 Finish Line, Inc. 317923100 27878 1445600 SH Sole 1445600 Flotek Industries Inc 343389102 870 87325 SH Sole 87325 Fly Leasign Limited Sponsored 34407d109 339 27075 SH Sole 27075 Foot Locker, Inc. 344849104 10217 428585 SH Sole 428585 4444 186400 SH Defined 01 186400 Fossil, Inc. 349882100 5841 73600 SH Sole 73600 FTI Consulting 302941109 11071 260975 SH Sole 260975 98 2300 SH Defined 01 2300 Furniture Brands International 360921100 359 291901 SH Sole 291901 GATX Corp 361448103 4792 109750 SH Sole 109750 3916 89700 SH Defined 01 89700 General Dynamics Corp 369550108 521 7842 SH Sole 7842 General Electric 369604103 214 11932 SH Sole 11932 Global PWR Equip Group Inc 37941p306 6705 282323 SH Sole 282323 4217 177573 SH Defined 01 177573 Golfsmith International Holdin 38168y103 4074 1273135 SH Sole 1273135 Goodrich Corporation 382388106 247 2000 SH Sole 2000 Greenbrier Companies Inc 393657101 428 17625 SH Sole 17625 GSI Technology 36241u106 800 171000 SH Sole 171000 H&E Equipment Services Inc 404030108 539 40175 SH Sole 40175 Halozyme Therapeutics, Inc. 40637H109 95 10000 SH Sole 10000 Harmonic Inc 413160102 15175 3010925 SH Sole 3010925 Harris Interactive Inc. 414549105 1180 2026016 SH Sole 2026016 Haverty Furniture Companies In 419596101 10217 930466 SH Sole 930466 483 44000 SH Defined 01 44000 Hewlett-Packard 428236103 242 9400 SH Sole 9400 Hot Topic Inc 441339108 7553 1142700 SH Sole 1142700 Huttig Building 448451104 844 1623273 SH Sole 1623273 IAC/Interactive Corp 44919p508 8792 206396 SH Sole 206396 4508 105810 SH Defined 01 105810 Imris Inc. 45322n105 27 10000 SH Sole 10000 Innophos Holdings Inc. 45774N108 6793 139890 SH Sole 139890 4720 97200 SH Defined 01 97200 Innospec Inc 45768s105 5598 199419 SH Sole 199419 1851 65948 SH Defined 01 65948 Insight Enterprises 45765U103 25869 1691874 SH Sole 1691874 260 17000 SH Defined 01 17000 Insteel Industries Inc 45774w108 14114 1284300 SH Sole 1284300 Intermec Inc 458786100 9734 1419000 SH Sole 1419000 137 20000 SH Defined 01 20000 Intl Business Machines 459200101 846 4600 SH Sole 4600 Intuitive Surgical Inc New 46120e602 463 1000 SH Sole 1000 Invesco Mortgage Capital 46131b100 3438 244732 SH Sole 244732 Iridium Communications, Inc. 46269c102 4873 632100 SH Sole 632100 J.M. Smucker Company 832696405 5748 73528 SH Sole 73528 94 1200 SH Defined 01 1200 Jabil Circuit 466313103 24439 1243072 SH Sole 1243072 JDA Software 46612K108 551 16996 SH Sole 16996 Johnson & Johnson 478160104 5145 78450 SH Sole 78450 Kadant Inc. 48282T104 339 15000 SH Sole 15000 113 5000 SH Defined 01 5000 Kapstone Paper 48562p103 24122 1532500 SH Sole 1532500 252 16000 SH Defined 01 16000 Kearny Financial 487169104 373 39314 SH Sole 39314 KEMET Corporation 488360207 223 31650 SH Sole 31650 KHD Humboldt Wedag Int d4024h102 2107 328176 SH Sole 328176 Kinder Morgan Energy Partners 494550106 698 8219 SH Sole 8219 Kirkland's Inc. 497498105 22009 1654800 SH Sole 1654800 279 21000 SH Defined 01 21000 Knight Capital Group Inc. 499005106 22702 1920650 SH Sole 1920650 5026 425250 SH Defined 01 425250 Kratos Defense & Security Solu 50077b207 14387 2409810 SH Sole 2409810 287 48000 SH Defined 01 48000 Kulicke & Soffa Industries Inc 501242101 10497 1134775 SH Sole 1134775 3089 334000 SH Defined 01 334000 La Z Boy Inc 505336107 10792 906900 SH Sole 906900 LeCroy Corporation 52324W109 252 30000 SH Sole 30000 101 12000 SH Defined 01 12000 Lenders Processing Svcs 52602e102 10564 701003 SH Sole 701003 2443 162089 SH Defined 01 162089 Lexmark International Corp 529771107 9987 302002 SH Sole 302002 142 4300 SH Defined 01 4300 Life Technologies Corporation 53217v109 7330 188390 SH Sole 188390 210 5400 SH Defined 01 5400 Magellan Health Services, Inc. 559079207 18031 364484 SH Sole 364484 4739 95800 SH Defined 01 95800 Magnum Hunter Resources, Inc. 55973b102 669 124175 SH Sole 124175 Markel Corp 570535104 4430 10682 SH Sole 10682 62 150 SH Defined 01 150 Marvell Technology Group Ltd g5876h105 7073 510690 SH Sole 510690 100 7200 SH Defined 01 7200 Matrix Service Co. 576853105 9009 954303 SH Sole 954303 2433 257702 SH Defined 01 257702 McMoran Exploration Co 582411104 7109 488561 SH Sole 488561 4382 301200 SH Defined 01 301200 Mednax Inc 58502b106 15684 217810 SH Sole 217810 5206 72300 SH Defined 01 72300 Mens Wearhouse Inc 587118100 11933 368200 SH Sole 368200 4174 128800 SH Defined 01 128800 Merck & Co 58933y105 680 18028 SH Sole 18028 Mercury Computer Systems 589378108 1411 106200 SH Sole 106200 Metalico Inc. 591176102 4728 1437172 SH Sole 1437172 2992 909400 SH Defined 01 909400 MFA Financial Inc. 55272x102 9981 1485329 SH Sole 1485329 2052 305300 SH Defined 01 305300 MFC Industrial LTD 55278t105 19387 2765619 SH Sole 2765619 315 45000 SH Defined 01 45000 Microsemi Corp 595137100 5586 333470 SH Sole 333470 3084 184100 SH Defined 01 184100 Mid America Apartment Communit 59522j103 12723 203400 SH Sole 203400 4616 73800 SH Defined 01 73800 Molson Coors Brewing Co CL B 60871r209 802 18410 SH Sole 18410 Montpelier Re Holdings, Ltd. g62185106 14102 794475 SH Sole 794475 3167 178400 SH Defined 01 178400 Myriad Genetics Inc. 62855j104 19320 922655 SH Sole 922655 5168 246800 SH Defined 01 246800 National Western Life Insuranc 638522102 4715 34625 SH Sole 34625 2699 19825 SH Defined 01 19825 Nature's Sunshine Products, In 639027101 15213 980215 SH Sole 980215 Natus Medical 639050103 2000 212100 SH Sole 212100 104 11000 SH Defined 01 11000 Neophotonics Corporation 64051t100 2881 629000 SH Sole 629000 NetScout Systems Inc. 64115t104 15196 863400 SH Sole 863400 New York & Company, Inc. 649295102 5953 2238083 SH Sole 2238083 Newcastle Investment Corp 65105m108 552 118675 SH Sole 118675 Noble Romans Inc. 655107100 31 40000 SH Sole 40000 Obagi Medical Products 67423r108 12322 1212817 SH Sole 1212817 305 30000 SH Defined 01 30000 Ocwen Financial Corporation 675746309 409 28275 SH Sole 28275 Olin Corp 680665205 12041 612750 SH Sole 612750 4150 211200 SH Defined 01 211200 Oplink Communications, Inc. 68375Q403 2487 151000 SH Sole 151000 Opnext Inc 68375v105 3766 4662000 SH Sole 4662000 Parametric Technology New 699173209 15508 849270 SH Sole 849270 PC Mall, Inc. 69323K100 5321 847330 SH Sole 847330 Pep Boys-Manny Moe & Jack 713278109 252 22925 SH Sole 22925 PepsiCo Inc 713448108 5243 79018 SH Sole 79018 PerkinElmer, Inc. 714046109 10630 531486 SH Sole 531486 2768 138400 SH Defined 01 138400 Petroquest Energy Inc 716748108 9711 1471325 SH Sole 1471325 2627 398100 SH Defined 01 398100 Phontronics Inc 719405102 2678 440400 SH Sole 440400 Plains Exploration and Product 726505100 5202 141671 SH Sole 141671 81 2200 SH Defined 01 2200 Powerwave Technologies, Inc. 739363307 2664 1280830 SH Sole 1280830 Precision Castparts 740189105 7111 43153 SH Sole 43153 180 1090 SH Defined 01 1090 Premiere Global Services, Inc. 740585104 9671 1141791 SH Sole 1141791 4131 487722 SH Defined 01 487722 Procter & Gamble 742718109 518 7766 SH Sole 7766 PVH Corporation 693656100 12822 181901 SH Sole 181901 332 4715 SH Defined 01 4715 Qlogic Corp 747277101 23982 1598825 SH Sole 1598825 5857 390500 SH Defined 01 390500 Quad/Graphics, Inc. 747301109 4564 318300 SH Sole 318300 Quanta Services Inc 74762E102 355 16500 SH Sole 16500 Radisys Corp 750459109 4289 847600 SH Sole 847600 253 50000 SH Defined 01 50000 Rand Logistics Inc. 752182105 688 105619 SH Sole 105619 Regal Entertainment Group 758766109 17253 1444960 SH Sole 1444960 5698 477230 SH Defined 01 477230 Resolute Energy Corp 76116a108 7265 672731 SH Sole 672731 2901 268600 SH Defined 01 268600 Richardson Electronics, Ltd. 763165107 11727 954200 SH Sole 954200 98 8000 SH Defined 01 8000 Rock-Tenn CO-CL A 772739207 4130 71579 SH Sole 71579 64 1101 SH Defined 01 1101 Royal Gold, Inc. 780287108 4671 69275 SH Sole 69275 74 1100 SH Defined 01 1100 RTI Biologics 74975n105 8256 1859400 SH Sole 1859400 Rudolph Technologies Inc. 781270103 7673 828600 SH Sole 828600 296 32000 SH Defined 01 32000 Saba Software, Inc. 784932600 592 75000 SH Sole 75000 Schnitzer Steel Industries, In 806882106 10950 258990 SH Sole 258990 3742 88500 SH Defined 01 88500 Sensient Technologies Corp 81725T100 23252 613520 SH Sole 613520 7014 185077 SH Defined 01 185077 SI Finl Group Inc MD 78425v104 2791 283312 SH Sole 283312 2688 272900 SH Defined 01 272900 Solta Medical Inc 83438k103 11682 3720456 SH Sole 3720456 Stage Stores, Inc. 85254C305 7680 552900 SH Sole 552900 Stein Mart Inc 858375108 24347 3575140 SH Sole 3575140 313 46000 SH Defined 01 46000 Steiner Leisure Limited p8744y102 26614 586350 SH Sole 586350 Summer Infant Inc 865646103 2498 354800 SH Sole 354800 Sunstone Hotel Invs Inc 867892101 707 86750 SH Sole 86750 Superior Indus Intl 868168105 4288 259225 SH Sole 259225 2127 128600 SH Defined 01 128600 Sykes Enterprises Inc 871237103 3135 200200 SH Sole 200200 Symantec Corp. 871503108 2081 132950 SH Sole 132950 Symmetricom Inc 871543104 16186 3002973 SH Sole 3002973 Symmetry Medical Inc 871546206 4400 550650 SH Sole 550650 2571 321726 SH Defined 01 321726 Syneron Medical Ltd M87245102 4333 391463 SH Sole 391463 SYNNEX Corporation 87162W100 20341 667800 SH Sole 667800 TGC Inds Inc 872417308 6768 947850 SH Sole 947850 321 45000 SH Defined 01 45000 Trans World Entertainment 89336Q100 986 389700 SH Sole 389700 TriQuint Semiconductor, Inc. 89674K103 4883 1002600 SH Sole 1002600 1608 330200 SH Defined 01 330200 Tronox Inc 897051306 10516 87636 SH Sole 87636 3012 25100 SH Defined 01 25100 True Religion Apparel, Inc. 89784N104 484 14000 SH Sole 14000 TTM Technologies, Inc. 87305R109 37258 3399495 SH Sole 3399495 Twin Disc Inc 901476101 423 11650 SH Sole 11650 United Financial Bancorp 91030t109 5109 317550 SH Sole 317550 3818 237300 SH Defined 01 237300 Vanda Pharmaceuticals Inc. 921659108 3150 661668 SH Sole 661668 2955 620830 SH Defined 01 620830 Venoco Inc. 92275p307 6256 924130 SH Sole 924130 1443 213200 SH Defined 01 213200 Verizon Communications 92343V104 260 6491 SH Sole 6491 Viasystems Group Inc 92553h803 898 53085 SH Sole 53085 Viewpoint Financial Group Inc 92672a101 7243 556717 SH Sole 556717 2903 223100 SH Defined 01 223100 Vishay Intertechnology 928298108 19966 2220943 SH Sole 2220943 6179 687360 SH Defined 01 687360 Walter Industries 93317Q105 355 5854 SH Sole 5854 Wellpoint Inc 94973v107 788 11900 SH Sole 11900 West Marine, Inc. 954235107 13522 1162644 SH Sole 1162644 291 25000 SH Defined 01 25000 Westfield Financial Inc 96008p104 3327 452000 SH Sole 452000 2254 306200 SH Defined 01 306200 Westlake Chemical Corp 960413102 7649 190090 SH Sole 190090 109 2700 SH Defined 01 2700 Wet Seal, Inc. 961840105 25769 7904694 SH Sole 7904694 228 70000 SH Defined 01 70000 Whiting Petroleum Corp 966387102 5929 126980 SH Sole 126980 93 2000 SH Defined 01 2000 Felcor Lodging Trust Inc - $1. 31430f200 963 43350 SH Sole 43350 IShares Barclays TIPS Bond ETF 464287176 1955 16753.00 SH Sole 16753.00 IShares Comex Gold Tr 464285105 2080 136587.00 SH Sole 136587.00 49 3200.00 SH Defined 01 3200.00