13F-HR 1 fw07q2.txt FW07Q213F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2007 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: First Wilshire Securities Management, Inc. Address: 1224 East Green Street, Suite 200 Pasadena, California 91106 13F File Number: 28-00983 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: Mitchell W. Howard Title: V.P., Chief Compliance Officer Phone: (626) 796-6622 x 119 Signature, Place, and Date of Signing: Mitchell W. Howard Pasadena, California August 14, 2007 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: 0 Form13F Information Table Entry Total: 134 Form13F Information Table Value Total: $500,351 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 21ST CENTY HLDG CO COM 90136Q100 3943 367127 SH SOLE 31926 335201 ABX AIR INC COM 00080S101 492 60990 SH SOLE 24990 36000 ALCOA INC COM 013817101 1086 26800 SH SOLE 5000 21800 ALLIED CAP CORP NEW COM 01903Q108 5350 172801 SH SOLE 27600 145201 AMCOMP INC COM 02342J101 542 55556 SH SOLE 55556 0 AMERICAN CAPITAL STRATEGIES COM 024937104 5883 138350 SH SOLE 52100 86250 AMERICAN INTL GROUP INC COM 026874107 574 8200 SH SOLE 8200 0 AMERICAN PHYSICIANS SVC GROU COM 028882108 1064 56295 SH SOLE 0 56295 AMERISAFE INC COM 03071H100 2945 150000 SH SOLE 95000 55000 ANDERSONS INC COM 034164103 8366 184556 SH SOLE 11400 173156 APOLLO GROUP INC CL A 037604105 1652 28269 SH SOLE 0 28269 AQUILA INC COM 03840P102 41 10000 SH SOLE 0 10000 ARCHER DANIELS MIDLAND CO COM 039483102 205 6200 SH SOLE 6200 0 ASPREVA PHARMACEUTICALS CORP COM 04538T109 20883 1207127 SH SOLE 168504 1038623 ASTA FDG INC COM 046220109 19910 518092 SH SOLE 15542 502550 AT&T INC COM 00206R102 611 14713 SH SOLE 3565 11148 ATLANTIC TELE NETWORK INC COM NEW 049079205 20904 729899 SH SOLE 94636 635263 AXESSTEL INC COM 05459T101 104 78500 SH SOLE 78500 0 AXIS CAPITAL HOLDINGS SHS G0692U109 10460 257325 SH SOLE 20150 237175 BAKER MICHAEL CORP COM 057149106 427 11500 SH SOLE 1000 10500 BANK OF AMERICA CORPORATION COM 060505104 2361 48300 SH SOLE 2700 45600 BENIHANA INC COM 082047101 273 13575 SH SOLE 0 13575 CARRIAGE SVCS INC COM 143905107 10548 1276940 SH SOLE 98000 1178940 CASH AMER INTL INC COM 14754D100 7954 200600 SH SOLE 25000 175600 CENTER FINL CORP CALIF COM 15146E102 2880 170186 SH SOLE 34800 135386 CHINA BAK BATTERY INC COM 16936Y100 571 145349 SH SOLE 145349 0 CHINA FD INC COM 169373107 2829 73953 SH SOLE 500 73453 CHINA YUCHAI INTL LTD COM G21082105 4208 368450 SH SOLE 0 368450 CHINDEX INTERNATIONAL INC COM 169467107 2437 110143 SH SOLE 48363 61780 CLECO CORP NEW COM 12561W105 270 11000 SH SOLE 0 11000 CONOCOPHILLIPS COM 20825C104 2890 36820 SH SOLE 22420 14400 CONSUMER PORTFOLIO SVCS INC COM 210502100 165 26400 SH SOLE 1700 24700 CORINTHIAN COLLEGES INC COM 218868107 731 44850 SH SOLE 0 44850 CRAWFORD & CO CL A 224633206 529 83954 SH SOLE 63329 20625 DORMAN PRODUCTS INC COM 258278100 816 59048 SH SOLE 8400 50648 DOW CHEM CO COM 260543103 9424 213105 SH SOLE 9600 203505 DTE ENERGY CO COM 233331107 7409 153653 SH SOLE 14400 139253 DUKE ENERGY CORP NEW COM 26441C105 1455 79500 SH SOLE 19500 60000 EAST WEST BANCORP INC COM 27579R104 3614 92945 SH SOLE 0 92945 EFJ INC COM 26843B101 310 57500 SH SOLE 4000 53500 EMBARQ CORP COM 29078E105 1515 23900 SH SOLE 0 23900 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 22178 553894 SH SOLE 89475 464419 ENTERPRISE PRODS PARTNERS L COM 293792107 334 10498 SH SOLE 10498 0 EPLUS INC COM 294268107 1192 122540 SH SOLE 0 122540 EXPRESS 1 EXPEDITED SOLUTION COM 30217Q108 122 90500 SH SOLE 90500 0 EZCORP INC CL A NON VTG 302301106 2179 164562 SH SOLE 600 163962 FIRST CASH FINL SVCS INC COM 31942D107 1889 80600 SH SOLE 400 80200 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 5586 1023133 SH SOLE 197200 825933 GATX CORP COM 361448103 1868 37925 SH SOLE 0 37925 GREAT AMERN FINL RES INC COM 389915109 953 39400 SH SOLE 0 39400 GREATER BAY BANCORP COM 391648102 264 9500 SH SOLE 1000 8500 GREATER CHINA FD INC COM 39167B102 8314 310094 SH SOLE 12699 297395 HALIFAX CORP COM 405752106 118 38600 SH SOLE 10600 28000 HANMI FINL CORP COM 410495105 2037 119396 SH SOLE 0 119396 HARBIN ELECTRIC INC COM 41145W109 25434 1541430 SH SOLE 527814 1013616 HEALTHCARE SVCS GRP INC COM 421906108 347 11749 SH SOLE 337 11412 HELEN OF TROY CORP LTD COM G4388N106 1040 38537 SH SOLE 0 38537 HUMANA INC COM 444859102 1055 17325 SH SOLE 500 16825 HUNGARIAN TEL & CABLE CORP COM 445542103 8474 423493 SH SOLE 37258 386235 IMAX CORP COM 45245E109 10110 2395838 SH SOLE 257204 2138634 INNOSPEC INC COM 45768S105 7995 135025 SH SOLE 9500 125525 INTERNATIONAL ABSORBENTS INC COM NO PAR 45885E203 3368 553973 SH SOLE 18673 535300 ITRON INC COM 465741106 5502 70590 SH SOLE 3121 67469 JAKKS PAC INC COM 47012E106 839 29798 SH SOLE 20075 9723 JAPAN EQUITY FD INC COM 471057109 227 27000 SH SOLE 0 27000 JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 209 18498 SH SOLE 7333 11165 JINPAN INTL LTD ORD G5138L100 10549 549403 SH SOLE 86304 463099 KOREA EQUITY FD INC COM 50063B104 512 39726 SH SOLE 2666 37060 KOREA FD COM 500634100 542 13700 SH SOLE 0 13700 LANDEC CORP COM 514766104 1408 105073 SH SOLE 12000 93073 LANDRYS RESTAURANTS INC COM 51508L103 421 13900 SH SOLE 0 13900 LANNET INC COM 516012101 109 17900 SH SOLE 17900 0 LO-JACK CORP COM 539451104 870 39032 SH SOLE 3000 36032 LYONDELL CHEMICAL CO COM 552078107 9472 255171 SH SOLE 13500 241671 MALAYSIA FD INC COM 560905101 237 25600 SH SOLE 2000 23600 MANAGEMENT NETWORK GROUP INC COM 561693102 23 10000 SH SOLE 10000 0 MARLIN BUSINESS SVCS CORP COM 571157106 272 12783 SH SOLE 0 12783 MCG CAPITAL CORP COM 58047P107 6504 405976 SH SOLE 86910 319066 MDU RES GROUP INC COM 552690109 8170 291385 SH SOLE 36600 254785 MEDIFAST INC COM 58470H101 134 15000 SH SOLE 15000 0 METHANEX CORP COM 59151K108 3450 137245 SH SOLE 20460 116785 METLIFE INC COM 59156R108 1277 19800 SH SOLE 13800 6000 MFRI INC COM 552721102 928 33142 SH SOLE 0 33142 MICROFINANCIAL INC COM 595072109 1798 290000 SH SOLE 0 290000 MILLER INDS INC TENN COM NEW 600551204 4793 190966 SH SOLE 6600 184366 MITCHAM INDS INC COM 606501104 10137 532101 SH SOLE 37856 494245 MOBILE MINI INC COM 60740F105 1773 60728 SH SOLE 5280 55448 MONSANTO CO NEW COM 61166W101 689 10200 SH SOLE 0 10200 MONTPELIER RE HOLDINGS LTD SHS G62185106 2481 133800 SH SOLE 300 133500 NATIONAL ATLANTIC HLDGS CORP COM 63253Y107 471 33900 SH SOLE 0 33900 NATIONAL WESTN LIFE INS CO CL A 638522102 708 2800 SH SOLE 1300 1500 NEW IRELAND FUND INC COM 645673104 215 7092 SH SOLE 0 7092 NEW ORIENTAL ENERGY & CHEM C COM 64758A107 193 50000 SH SOLE 50000 0 NEWMARKET CORP COM 651587107 566 11700 SH SOLE 500 11200 NICHOLAS FINANCIAL INC COM NEW 65373J209 260 24225 SH SOLE 24225 0 NOKIA CORP SPONSORED ADR 654902204 450 16000 SH SOLE 16000 0 NORTHERN TECH INTL CORP COM 665809109 293 30200 SH SOLE 24800 5400 ORIENTAL FINL GROUP INC COM 68618W100 200 18300 SH SOLE 0 18300 OVERHILL FARMS INC COM 690212105 1577 280661 SH SOLE 280661 0 OWENS ILL INC PFD CONV $.01 690768502 621 14700 SH SOLE 0 14700 OWENS ILL INC COM NEW 690768403 6309 180250 SH SOLE 15350 164900 PAINCARE HLDGS INC COM 69562E104 51 139000 SH SOLE 27000 112000 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 127 41250 SH SOLE 41250 0 PFIZER INC COM 717081103 3793 148350 SH SOLE 4900 143450 PHC INC MASS CL A 693315103 1138 373237 SH SOLE 0 373237 PRO-DEX INC COLO COM 74265M106 2511 1609695 SH SOLE 66345 1543350 PROLIANCE INTL INC COM 74340R104 277 89300 SH SOLE 13200 76100 Q E P INC COM 74727K102 1743 278841 SH SOLE 7278 271563 QC HLDGS INC COM 74729T101 873 58213 SH SOLE 25000 33213 RENAISSANCERE HOLDINGS LTD COM G7496G103 27245 439504 SH SOLE 55090 384414 RENT A CTR INC NEW COM 76009N100 21147 806199 SH SOLE 82747 723452 RIMAGE CORP COM 766721104 203 6431 SH SOLE 6431 0 RIVER CITY BK COM 768037103 143 15000 SH SOLE 15000 0 RTW INC COM NEW 74974R206 3765 456319 SH SOLE 39000 417319 SEABRIGHT INSURANCE HLDGS IN COM 811656107 3459 197900 SH SOLE 60000 137900 SEAGATE TECHNOLOGY SHS G7945J104 8970 412033 SH SOLE 57350 354683 SERVICE CORP INTL COM 817565104 13919 1089130 SH SOLE 58426 1030704 SINGAPORE FD INC COM 82929L109 1143 65100 SH SOLE 0 65100 SPECTRA ENERGY CORP COM 847560109 1032 39750 SH SOLE 9750 30000 STONEMOR PARTNERS L P COM UNITS 86183Q100 912 36900 SH SOLE 1200 35700 TEFRON LTD ORD M87482101 167 18100 SH SOLE 0 18100 TELESTONE TECHNOLOGIES CORP COM 87953J102 442 67635 SH SOLE 64135 3500 THAI CAP FD INC COM NEW 882905201 3124 251976 SH SOLE 2000 249976 TRAVELERS COMPANIES INC COM 89417E109 11656 217877 SH SOLE 39359 178518 TUPPERWARE BRANDS CORP COM 899896104 21252 739471 SH SOLE 53700 685771 UCBH HOLDINGS INC COM 90262T308 1385 75797 SH SOLE 0 75797 UNIVERSAL POWER GROUP INC COM 913788105 180 39100 SH SOLE 0 39100 VERI TEK INTL CORP COM 92342X101 2223 280000 SH SOLE 280000 0 VITA FOOD PRODS INC NEV COM 928450105 46 25000 SH SOLE 0 25000 WAL MART STORES INC COM 931142103 265 5500 SH SOLE 5000 500 WASTE INDUSTRIES USA INC COM 941057101 273 8000 SH SOLE 0 8000 WILSHIRE BANCORP INC COM 97186T108 4002 328579 SH SOLE 47100 281479 YRC WORLDWIDE INC COM 984249102 3090 83980 SH SOLE 20000 63980 YUCHENG TECHNOLOGIES LTD COM G98777108 1118 144675 SH SOLE 8500 136175