0001037792-12-000039.txt : 20120515 0001037792-12-000039.hdr.sgml : 20120515 20120515172212 ACCESSION NUMBER: 0001037792-12-000039 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 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: 12846129 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 pcm13f1q12-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: March 31, 2012 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 May 15, 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: 2,127,517 (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 438 10500 SH Sole 10500 Actuate Corporation 00508b102 5166 822600 SH Sole 822600 3236 515300 SH Defined 01 515300 Adirondack Trust co Saratoga S 007014103 382 280 SH Sole 280 Albany International Corp. 'A' 012348108 229 10000 SH Sole 10000 Alleghany Corporation 017175100 8168 24821 SH Sole 24821 168 509 SH Defined 01 509 Alliance One International Inc 018772103 637 168900 SH Sole 168900 Alphatec Hldgs Inc 02081g102 14825 6255211 SH Sole 6255211 237 100000 SH Defined 01 100000 Amer Eagle Outfitters 02553e106 11181 650410 SH Sole 650410 3906 227225 SH Defined 01 227225 American Financial Group 025932104 7811 202460 SH Sole 202460 147 3800 SH Defined 01 3800 American Woodmark Corporation 030506109 5951 330600 SH Sole 330600 540 30000 SH Defined 01 30000 AngioDynamics, Inc. 03475V101 2622 214034 SH Sole 214034 Anworth Mortgage Asset Corp 037347101 17034 2588719 SH Sole 2588719 6310 958900 SH Defined 01 958900 Applied Industrial Technologie 03820C105 15385 374050 SH Sole 374050 5359 130292 SH Defined 01 130292 Aptargroup, Inc. 038336103 8432 153945 SH Sole 153945 159 2900 SH Defined 01 2900 Asbury Automotive Group, Inc. 043436104 380 14075 SH Sole 14075 Aspen Insurance Holdings Ltd g05384105 14559 521075 SH Sole 521075 4496 160900 SH Defined 01 160900 Atwood Oceanics Inc 050095108 7068 157450 SH Sole 157450 4449 99100 SH Defined 01 99100 Avnet Inc 053807103 16740 460007 SH Sole 460007 255 7000 SH Defined 01 7000 AXT Inc 00246w103 411 64700 SH Sole 64700 Baxter International 071813109 646 10800 SH Sole 10800 Bebe Stores, Inc. 075571109 8045 871600 SH Sole 871600 Benchmark Electronics Inc. 08160H101 2619 158800 SH Sole 158800 Big Lots Inc 089302103 7669 178265 SH Sole 178265 3936 91500 SH Defined 01 91500 Brightpoint, Inc. 109473405 23228 2885440 SH Sole 2885440 4270 530400 SH Defined 01 530400 Brown Shoe Company 115736100 11667 1264000 SH Sole 1264000 Build-A-Bear Workshop, Inc. 120076104 4892 931829 SH Sole 931829 Cache, Inc. 127150308 4870 695701 SH Sole 695701 Cal-Maine Foods Inc New 128030202 8119 212205 SH Sole 212205 2847 74400 SH Defined 01 74400 Callaway Golf 131193104 3792 560950 SH Sole 560950 2727 403400 SH Defined 01 403400 Canadian National Railway 136375102 869 10938 SH Sole 10938 Capitol Federal Financial Inc 14057J101 14843 1249437 SH Sole 1249437 2851 240000 SH Defined 01 240000 Cenveo, Inc. 15670S105 5466 1617136 SH Sole 1617136 Chemtura Corp 163893209 18994 1118626 SH Sole 1118626 5518 325000 SH Defined 01 325000 Cohu Inc. 192576106 16378 1440445 SH Sole 1440445 Coldwater Creek Inc. 193068103 2902 2501500 SH Sole 2501500 Colgate-Palmolive 194162103 4532 46350 SH Sole 46350 Collective Brands 19421w100 19218 977500 SH Sole 977500 Comcast Corporation Cl A 20030n101 300 10000 SH Sole 10000 Compuware Corp 205638109 10978 1194575 SH Sole 1194575 3854 419325 SH Defined 01 419325 Comtech Communications 205826209 2509 77000 SH Sole 77000 Consolidated Graphics Inc. 209341106 19055 421100 SH Sole 421100 Convergys Corporation 212485106 27747 2078450 SH Sole 2078450 8846 662600 SH Defined 01 662600 Cray Computer 225223304 14607 1995500 SH Sole 1995500 CTS Corp 126501105 3824 363500 SH Sole 363500 CVS Corporation 126650100 1788 39917 SH Sole 39917 Cymer Inc. 232572107 6484 129675 SH Sole 129675 3218 64362 SH Defined 01 64362 Dawson Geophysical 239359102 16474 479600 SH Sole 479600 343 10000 SH Defined 01 10000 DDi Corp. 233162502 183 15000 SH Sole 15000 Denbury Resources Inc. 247916208 6645 364535 SH Sole 364535 100 5500 SH Defined 01 5500 Diodes Inc 254543101 3306 142602 SH Sole 142602 1353 58348 SH Defined 01 58348 Dole Food Company Inc 256603101 9367 938589 SH Sole 938589 3340 334624 SH Defined 01 334624 Dynamics Research Corp 268057106 4560 473008 SH Sole 473008 289 30000 SH Defined 01 30000 Ellis Perry Intl 288853104 926 49600 SH Sole 49600 EMCOR Group, Inc. 29084Q100 12118 437150 SH Sole 437150 4327 156100 SH Defined 01 156100 Emulex Corporation 292475209 10790 1039475 SH Sole 1039475 5216 502525 SH Defined 01 502525 Endo Pharmaceuticals Hldgs Inc 29264f205 15945 411700 SH Sole 411700 5596 144475 SH Defined 01 144475 EnerSys 29275y102 26542 766000 SH Sole 766000 Essex Rental Corp 297187106 296 77400 SH Sole 77400 Exactech Inc. 30064e109 5104 322000 SH Sole 322000 269 17000 SH Defined 01 17000 Exide Technologies 302051206 9139 2919800 SH Sole 2919800 476 152000 SH Defined 01 152000 Express Inc. 30219e103 8641 345920 SH Sole 345920 3058 122400 SH Defined 01 122400 Ezcorp Inc 302301106 14042 432675 SH Sole 432675 5101 157175 SH Defined 01 157175 Finisar Corp 31787a507 12063 598638 SH Sole 598638 Finish Line, Inc. 317923100 30171 1421800 SH Sole 1421800 318 15000 SH Defined 01 15000 First Niagara Financial Group, 33582v108 9272 942250 SH Sole 942250 155 15800 SH Defined 01 15800 Fly Leasign Limited Sponsored 34407d109 455 37300 SH Sole 37300 Foot Locker, Inc. 344849104 8855 285185 SH Sole 285185 3108 100100 SH Defined 01 100100 Fossil, Inc. 349882100 6916 52400 SH Sole 52400 FTI Consulting 302941109 9919 264375 SH Sole 264375 101 2700 SH Defined 01 2700 Furniture Brands International 360921100 385 229005 SH Sole 229005 GATX Corp 361448103 4552 112950 SH Sole 112950 4179 103700 SH Defined 01 103700 General Electric 369604103 239 11932 SH Sole 11932 Global PWR Equip Group Inc 37941p306 7903 285323 SH Sole 285323 5085 183573 SH Defined 01 183573 Golfsmith International Holdin 38168y103 5334 1273135 SH Sole 1273135 GSI Technology 36241u106 689 162400 SH Sole 162400 Halozyme Therapeutics, Inc. 40637H109 128 10000 SH Sole 10000 Harmonic Inc 413160102 16473 3011500 SH Sole 3011500 Harris Interactive Inc. 414549105 1734 1303516 SH Sole 1303516 Haverty Furniture Companies In 419596101 10518 947580 SH Sole 947580 488 44000 SH Defined 01 44000 Hot Topic Inc 441339108 4837 476600 SH Sole 476600 Huttig Building 448451104 2384 1644265 SH Sole 1644265 IAC/Interactive Corp 44919p508 8829 179856 SH Sole 179856 3900 79450 SH Defined 01 79450 Imris Inc. 45322n105 33 10000 SH Sole 10000 Innophos Holdings Inc. 45774N108 7209 143836 SH Sole 143836 6061 120931 SH Defined 01 120931 Innospec Inc 45768s105 5211 171514 SH Sole 171514 1955 64348 SH Defined 01 64348 Insight Enterprises 45765U103 32123 1464800 SH Sole 1464800 373 17000 SH Defined 01 17000 Insteel Industries Inc 45774w108 7774 639854 SH Sole 639854 Intermec Inc 458786100 6635 858400 SH Sole 858400 Intl Business Machines 459200101 751 3600 SH Sole 3600 Intuitive Surgical Inc New 46120e602 542 1000 SH Sole 1000 Invesco Mortgage Capital 46131b100 4303 243792 SH Sole 243792 Iridium Communications, Inc. 46269c102 4511 514900 SH Sole 514900 Jabil Circuit 466313103 30000 1194272 SH Sole 1194272 JDA Software 46612K108 330 11996 SH Sole 11996 Johnson & Johnson 478160104 5169 78360 SH Sole 78360 Kadant Inc. 48282T104 357 15000 SH Sole 15000 357 15000 SH Defined 01 15000 Kapstone Paper 48562p103 30023 1524025 SH Sole 1524025 394 20000 SH Defined 01 20000 Kearny Financial 487169104 440 45108 SH Sole 45108 Key Tronic Corp 493144109 468 49450 SH Sole 49450 KHD Humboldt Wedag Int d4024h102 2701 328173 SH Sole 328173 Kinder Morgan Energy Partners 494550106 337 4075 SH Sole 4075 Kirkland's Inc. 497498105 29945 1850751 SH Sole 1850751 404 25000 SH Defined 01 25000 Knight Capital Group Inc. 499005106 25711 1997750 SH Sole 1997750 7012 544825 SH Defined 01 544825 Kratos Defense & Security Solu 50077b207 13574 2541859 SH Sole 2541859 256 48000 SH Defined 01 48000 Kulicke & Soffa Industries Inc 501242101 17502 1408075 SH Sole 1408075 4905 394625 SH Defined 01 394625 La Z Boy Inc 505336107 12367 826700 SH Sole 826700 LeCroy Corporation 52324W109 312 30000 SH Sole 30000 312 30000 SH Defined 01 30000 Lenders Processing Svcs 52602e102 13189 507268 SH Sole 507268 4147 159489 SH Defined 01 159489 Lexmark International Corp 529771107 10207 307079 SH Sole 307079 173 5200 SH Defined 01 5200 Life Technologies Corporation 53217v109 10660 218350 SH Sole 218350 381 7800 SH Defined 01 7800 Magellan Health Services, Inc. 559079207 25144 515148 SH Sole 515148 8578 175750 SH Defined 01 175750 Magnum Hunter Resources, Inc. 55973b102 64 10000 SH Sole 10000 Manitex International Inc. 563420108 271 36950 SH Sole 36950 Markel Corp 570535104 4796 10682 SH Sole 10682 112 250 SH Defined 01 250 Marvell Technology Group Ltd g5876h105 8762 557022 SH Sole 557022 135 8600 SH Defined 01 8600 Matrix Service Co. 576853105 11483 819603 SH Sole 819603 4005 285902 SH Defined 01 285902 McMoran Exploration Co 582411104 5328 497908 SH Sole 497908 3660 342044 SH Defined 01 342044 Mednax Inc 58502b106 16184 217610 SH Sole 217610 5436 73100 SH Defined 01 73100 Mens Wearhouse Inc 587118100 8386 216305 SH Sole 216305 2970 76600 SH Defined 01 76600 Merck & Co 58933y105 692 18028 SH Sole 18028 Metalico Inc. 591176102 6420 1503584 SH Sole 1503584 4461 1044700 SH Defined 01 1044700 MFA Financial Inc. 55272x102 11547 1545761 SH Sole 1545761 2703 361800 SH Defined 01 361800 MFC Industrial LTD 55278t105 21497 2795394 SH Sole 2795394 461 60000 SH Defined 01 60000 MGIC Investment Corp 552848103 568 114500 SH Sole 114500 MHI Hospitality Corporation 55302l102 451 153925 SH Sole 153925 Microsemi Corp 595137100 9120 425370 SH Sole 425370 3210 149700 SH Defined 01 149700 Mid America Apartment Communit 59522j103 21103 314825 SH Sole 314825 7507 112000 SH Defined 01 112000 Molson Coors Brewing Co CL B 60871r209 348 7695 SH Sole 7695 Montpelier Re Holdings, Ltd. g62185106 15457 800075 SH Sole 800075 3997 206900 SH Defined 01 206900 Myriad Genetics Inc. 62855j104 17528 740817 SH Sole 740817 4964 209800 SH Defined 01 209800 National Western Life Insuranc 638522102 4719 34475 SH Sole 34475 3154 23044 SH Defined 01 23044 Nature's Sunshine Products, In 639027101 22376 1396738 SH Sole 1396738 481 30000 SH Defined 01 30000 Neophotonics Corporation 64051t100 2968 627400 SH Sole 627400 Netlist Inc. 64118p109 440 124400 SH Sole 124400 NetScout Systems Inc. 64115t104 14537 714700 SH Sole 714700 New York & Company, Inc. 649295102 9420 2525430 SH Sole 2525430 Newcastle Investment Corp 65105m108 1140 181500 SH Sole 181500 Noble Romans Inc. 655107100 24 40000 SH Sole 40000 Obagi Medical Products 67423r108 19096 1425058 SH Sole 1425058 402 30000 SH Defined 01 30000 Olin Corp 680665205 13456 618680 SH Sole 618680 5285 243000 SH Defined 01 243000 Oplink Communications, Inc. 68375Q403 2792 163300 SH Sole 163300 Opnext Inc 68375v105 6415 4138400 SH Sole 4138400 Parametric Technology New 699173209 18956 678470 SH Sole 678470 PC Mall, Inc. 69323K100 4721 784168 SH Sole 784168 PepsiCo Inc 713448108 5243 79018 SH Sole 79018 PerkinElmer, Inc. 714046109 14622 528626 SH Sole 528626 4223 152675 SH Defined 01 152675 Petroquest Energy Inc 716748108 10290 1675925 SH Sole 1675925 3458 563175 SH Defined 01 563175 Phontronics Inc 719405102 11309 1700600 SH Sole 1700600 266 40000 SH Defined 01 40000 Plains Exploration and Product 726505100 6028 141325 SH Sole 141325 115 2700 SH Defined 01 2700 Powerwave Technologies, Inc. 739363307 660 321770 SH Sole 321770 Precision Castparts 740189105 7654 44267 SH Sole 44267 121 700 SH Defined 01 700 Premiere Global Services, Inc. 740585104 11075 1225116 SH Sole 1225116 4649 514247 SH Defined 01 514247 Procter & Gamble 742718109 522 7766 SH Sole 7766 PVH Corporation 693656100 16638 186256 SH Sole 186256 266 2980 SH Defined 01 2980 Qlogic Corp 747277101 29568 1664850 SH Sole 1664850 8692 489400 SH Defined 01 489400 Quad/Graphics, Inc. 747301109 7296 524916 SH Sole 524916 417 30000 SH Defined 01 30000 Radian Group Inc 750236101 281 64675 SH Sole 64675 Radisys Corp 750459109 10614 1434300 SH Sole 1434300 370 50000 SH Defined 01 50000 Rand Logistics Inc. 752182105 974 115619 SH Sole 115619 Regal Entertainment Group 758766109 22880 1682360 SH Sole 1682360 8495 624655 SH Defined 01 624655 Resolute Energy Corp 76116a108 12089 1062261 SH Sole 1062261 6151 540500 SH Defined 01 540500 Richardson Electronics, Ltd. 763165107 11490 959100 SH Sole 959100 359 30000 SH Defined 01 30000 Rock-Tenn CO-CL A 772739207 2823 41779 SH Sole 41779 54 801 SH Defined 01 801 Royal Gold, Inc. 780287108 4525 69375 SH Sole 69375 85 1300 SH Defined 01 1300 RTI Biologics 74975n105 6880 1859400 SH Sole 1859400 Rudolph Technologies Inc. 781270103 14050 1264603 SH Sole 1264603 555 50000 SH Defined 01 50000 Saba Software, Inc. 784932600 589 60000 SH Sole 60000 Sally Beuty Holdings 79546e104 467 18825 SH Sole 18825 Schnitzer Steel Industries, In 806882106 10448 261890 SH Sole 261890 4089 102500 SH Defined 01 102500 Sensient Technologies Corp 81725T100 23109 608120 SH Sole 608120 6842 180052 SH Defined 01 180052 SI Finl Group Inc MD 78425v104 3451 302202 SH Sole 302202 3231 282919 SH Defined 01 282919 Solta Medical Inc 83438k103 9267 3058288 SH Sole 3058288 212 70000 SH Defined 01 70000 Stage Stores, Inc. 85254C305 6345 390700 SH Sole 390700 Stein Mart Inc 858375108 22024 3336943 SH Sole 3336943 304 46000 SH Defined 01 46000 Steiner Leisure Limited p8744y102 27267 558400 SH Sole 558400 61 1257 SH Defined 01 1257 Suncoke Energy Inc 86722a103 2195 154445 SH Sole 154445 36 2521 SH Defined 01 2521 Sunoco Inc. 86764P109 12837 336480 SH Sole 336480 206 5400 SH Defined 01 5400 Superior Indus Intl 868168105 5196 265925 SH Sole 265925 2945 150700 SH Defined 01 150700 Sykes Enterprises Inc 871237103 3144 199000 SH Sole 199000 Symantec Corp. 871503108 2486 132950 SH Sole 132950 Symmetricom Inc 871543104 17394 3014573 SH Sole 3014573 Symmetry Medical Inc 871546206 3852 544850 SH Sole 544850 3008 425426 SH Defined 01 425426 Syneron Medical Ltd M87245102 6826 636800 SH Sole 636800 SYNNEX Corporation 87162W100 16820 441000 SH Sole 441000 TGC Inds Inc (adjusted for 5% 872417308 17695 1783727 SH Sole 1783727 546 55000 SH Defined 01 55000 Trans World Entertainment 89336Q100 826 389700 SH Sole 389700 TriQuint Semiconductor, Inc. 89674K103 9386 1361300 SH Sole 1361300 3329 482750 SH Defined 01 482750 Tronox Inc 897051306 12235 70215 SH Sole 70215 3450 19800 SH Defined 01 19800 True Religion Apparel, Inc. 89784N104 5042 184025 SH Sole 184025 2918 106500 SH Defined 01 106500 TTM Technologies, Inc. 87305R109 38328 3335795 SH Sole 3335795 172 15000 SH Defined 01 15000 United Financial Bancorp 91030t109 5145 325250 SH Sole 325250 4333 273900 SH Defined 01 273900 Vanda Pharmaceuticals Inc. 921659108 1811 378068 SH Sole 378068 1362 284430 SH Defined 01 284430 Venoco Inc. 92275p307 4335 399930 SH Sole 399930 1536 141670 SH Defined 01 141670 Verint Systems Inc. 92343X100 507 15650 SH Sole 15650 Verizon Communications 92343V104 248 6491 SH Sole 6491 Viasystems Group Inc 92553h803 2590 136450 SH Sole 136450 Viewpoint Financial Group Inc 92672a101 8991 584609 SH Sole 584609 3971 258200 SH Defined 01 258200 Vishay Intertechnology 928298108 25397 2088581 SH Sole 2088581 8190 673560 SH Defined 01 673560 Walgreen Company 931422109 1345 40150 SH Sole 40150 Walter Industries 93317Q105 404 6821 SH Sole 6821 West Marine, Inc. 954235107 14073 1174747 SH Sole 1174747 299 25000 SH Defined 01 25000 Western Alliance Bancorporatio 957638109 390 46000 SH Sole 46000 Westfield Financial Inc 96008p104 3715 469600 SH Sole 469600 2836 358500 SH Defined 01 358500 Westlake Chemical Corp 960413102 12547 193652 SH Sole 193652 207 3200 SH Defined 01 3200 Wet Seal, Inc. 961840105 27100 7855094 SH Sole 7855094 241 70000 SH Defined 01 70000 Whiting Petroleum Corp 966387102 6900 127080 SH Sole 127080 130 2400 SH Defined 01 2400 Felcor Lodging Trust Inc - $1. 31430f200 1877 72475 SH Sole 72475 IShares Comex Gold Tr 464285105 2509 154227 SH Sole 154227