13F-HR 1 fwsm13f093010.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: 09/31/2010 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, CA 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: Matthew Dunn Title: Chief Compliance Officer Phone: 626 796 6622 x 119 Signature, Place, and Date of Signing: /s/ Matthew Dunn Pasadena, CA November 11, 2010 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: 184 Form13F Information Table Value Total: $521,125 (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 189 54071 SH SOLE 0 54071 ACME UTD CORP COM 004816104 2807 268331 SH SOLE 71776 196555 ADVANCED PHOTONIX INC CL A 00754E107 28 30000 SH SOLE 0 30000 ALASKA AIR GROUP INC COM 011659109 255 5000 SH SOLE 5000 0 AMERICAN CAP LTD COM 02503Y103 193 33200 SH SOLE 0 33200 AMERICAN GREETINGS CORP CL A 026375105 14696 790514 SH SOLE 165609 624905 AMERICAN WTR WKS CO INC NEW COM 030420103 24280 1043417 SH SOLE 237811 805606 ANADARKO PETE CORP COM 032511107 331 5800 SH SOLE 0 5800 ANDERSONS INC COM 034164103 4522 119307 SH SOLE 0 119307 ARLINGTON ASSET INVT CORP CL A NEW 041356205 512 21965 SH SOLE 0 21965 ASTA FDG INC COM 046220109 5020 657962 SH SOLE 98561 559401 AT&T INC COM 00206R102 549 19187 SH SOLE 13505 5682 ATLANTIC TELE NETWORK INC COM NEW 049079205 27133 551044 SH SOLE 116323 434721 AXIS CAPITAL HOLDINGS SHS G0692U109 5037 152924 SH SOLE 17250 135674 BANK COMM HLDGS COM 06424J103 1213 314984 SH SOLE 314984 0 BANK OF AMERICA CORPORATION COM 060505104 1475 112625 SH SOLE 0 112625 BENIHANA INC COM 082047101 553 71382 SH SOLE 0 71382 BIOLASE TECHNOLOGY INC COM 090911108 66 56819 SH SOLE 0 56819 BLACKROCK MUNIYIELD CALIF FD COM 09254M105 0 11625 SH SOLE 11625 0 BLOCK H & R INC COM 093671105 130 10000 SH SOLE 10000 0 BOFI HLDG INC COM 05566U108 280 23570 SH SOLE 12000 11570 CARRIAGE SVCS INC COM 143905107 6808 1358902 SH SOLE 77000 1281902 CASH AMER INTL INC COM 14754D100 15503 442936 SH SOLE 65225 377711 CCA INDS INC COM 124867102 855 157986 SH SOLE 5500 152486 CENTER FINL CORP CALIF COM 15146E102 3194 627460 SH SOLE 479377 148083 CENTRAL GARDEN & PET CO COM 153527106 1709 165162 SH SOLE 0 165162 CENTURYLINK INC COM 156700106 4964 125789 SH SOLE 45593 80196 CHINA BAK BATTERY INC COM 16936Y100 50 27410 SH SOLE 27210 200 CHINA FD INC COM 169373107 7560 229781 SH SOLE 796 228985 CHINA FIRE & SEC GROUP INC COM 16938R103 3006 370666 SH SOLE 6250 364416 CHINA GENGSHENG MINERALS INC COM 16942P101 57 50205 SH SOLE 0 50205 CHINA HOUSING & LAND DEV INC COM 16939V103 1221 610540 SH SOLE 392612 217928 CHINA INFORMATION TECHNOLOGY COM 16950L109 4766 978620 SH SOLE 279400 699220 CHINA PHARMA HLDGS INC COM 16941T104 5357 2151419 SH SOLE 1072000 1079419 CHINA SEC & SURVE TECH INC COM 16942J105 232 41671 SH SOLE 34671 7000 CHINA YUCHAI INTL LTD COM G21082105 4310 225324 SH SOLE 0 225324 CHINACAST EDU CORP COM 16946T109 2904 410157 SH SOLE 202732 207425 CHINDEX INTERNATIONAL INC COM 169467107 2334 154494 SH SOLE 106857 47637 CIBER INC COM 17163B102 2598 863223 SH SOLE 258400 604823 CIGNA CORP COM 125509109 358 10000 SH SOLE 10000 0 CISCO SYS INC COM 17275R102 208 9500 SH SOLE 0 9500 CLECO CORP NEW COM 12561W105 204 6900 SH SOLE 0 6900 CNA SURETY CORP COM 12612L108 1090 60817 SH SOLE 0 60817 COMMERCIAL METALS CO COM 201723103 166 11450 SH SOLE 0 11450 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 23741 521659 SH SOLE 116840 404819 CONOCOPHILLIPS COM 20825C104 1247 21715 SH SOLE 6100 15615 CORINTHIAN COLLEGES INC COM 218868107 125 17850 SH SOLE 0 17850 CRAWFORD & CO CL A 224633206 183 89734 SH SOLE 63329 26405 CVS CAREMARK CORPORATION COM 126650100 283 9000 SH SOLE 9000 0 DISCOVER FINL SVCS COM 254709108 1562 93669 SH SOLE 0 93669 DORMAN PRODUCTS INC COM 258278100 1443 46818 SH SOLE 4205 42613 DUKE ENERGY CORP NEW COM 26441C105 1426 80500 SH SOLE 30500 50000 DUOYUAN PRTG INC COM 26605B109 1491 525007 SH SOLE 356057 168950 EAST WEST BANCORP INC COM 27579R104 6991 429402 SH SOLE 50250 379152 EDUCATIONAL DEV CORP COM 281479105 2361 383253 SH SOLE 383253 0 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 11230 282156 SH SOLE 4350 277806 EPLUS INC COM 294268107 1760 82065 SH SOLE 0 82065 EXCEED COMPANY LTD SHS G32335104 3489 468346 SH SOLE 88400 379946 EXXON MOBIL CORP COM 30231G102 445 7201 SH SOLE 0 7201 EZCORP INC CL A NON VTG 302301106 1781 88850 SH SOLE 0 88850 FIRST CASH FINL SVCS INC COM 31942D107 4050 145940 SH SOLE 0 145940 FIRST TRUST SPECIALTY FINANC COM BEN INTR 33733G109 1431 199388 SH SOLE 11900 187488 FMC TECHNOLOGIES INC COM 30249U101 270 3950 SH SOLE 0 3950 FRONTIER COMMUNICATIONS CORP COM 35906A108 1154 141259 SH SOLE 0 141259 FUSHI COPPERWELD INC COM 36113E107 3881 446619 SH SOLE 250697 195922 GARMIN LTD SHS H2906T109 2609 85948 SH SOLE 2000 83948 GATX CORP COM 361448103 576 19638 SH SOLE 0 19638 GENERAL ELECTRIC CO COM 369604103 3627 223182 SH SOLE 15000 208182 GENESEE & WYO INC CL A 371559105 384 8850 SH SOLE 0 8850 GP STRATEGIES CORP COM 36225V104 179 19731 SH SOLE 0 19731 GREATER CHINA FD INC COM 39167B102 3181 248901 SH SOLE 1633 247268 GRUBB & ELLIS CO COM PAR $0.01 400095204 32 26400 SH SOLE 26400 0 HANMI FINL CORP COM 410495105 466 363679 SH SOLE 93600 270079 HARBIN ELECTRIC INC COM 41145W109 15304 855428 SH SOLE 369737 485691 HARTFORD FINL SVCS GROUP INC COM 416515104 390 17000 SH SOLE 17000 0 HAWKINS INC COM 420261109 361 10190 SH SOLE 0 10190 HEALTHCARE SVCS GRP INC COM 421906108 249 10930 SH SOLE 430 10500 HEELYS INC COM 42279M107 1512 629959 SH SOLE 36449 593510 HELEN OF TROY CORP LTD COM G4388N106 657 25987 SH SOLE 0 25987 HONEYWELL INTL INC COM 438516106 250 5700 SH SOLE 0 5700 HOPFED BANCORP INC COM 439734104 1357 149450 SH SOLE 35000 114450 HORNBECK OFFSHORE SVCS INC N COM 440543106 233 11950 SH SOLE 0 11950 HORSEHEAD HLDG CORP COM 440694305 143 14500 SH SOLE 14500 0 HUMANA INC COM 444859102 1634 32516 SH SOLE 5000 27516 IMAX CORP COM 45245E109 34053 2019735 SH SOLE 445530 1574205 INDIA FD INC COM 454089103 843 23179 SH SOLE 0 23179 INNOSPEC INC COM 45768S105 8309 545559 SH SOLE 66235 479324 INTEL CORP COM 458140100 298 15500 SH SOLE 15000 500 INTERNATIONAL BUSINESS MACHS COM 459200101 402 3000 SH SOLE 3000 0 INVENTURE FOODS INC COM 461212102 3773 998275 SH SOLE 317826 680449 JAKKS PAC INC COM 47012E106 437 24798 SH SOLE 20000 4798 JAPAN EQUITY FD INC COM 471057109 131 24200 SH SOLE 1200 23000 JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 189 23298 SH SOLE 11133 12165 JINPAN INTL LTD ORD G5138L100 6366 631544 SH SOLE 149628 481916 JOHNSON & JOHNSON COM 478160104 404 6517 SH SOLE 0 6517 KIRBY CORP COM 497266106 264 6600 SH SOLE 0 6600 KOREA EQUITY FD INC COM 50063B104 283 25628 SH SOLE 2666 22962 KOREA FD COM NEW 500634209 297 7068 SH SOLE 0 7068 LANNET INC COM 516012101 170 37213 SH SOLE 0 37213 LASERCARD CORP COM 51807U101 1707 357035 SH SOLE 59752 297283 LILLY ELI & CO COM 532457108 749 20500 SH SOLE 20500 0 MAJESTIC CAPITAL LTD SHS G5760D103 224 604217 SH SOLE 0 604217 MALAYSIA FD INC COM 560905101 201 19000 SH SOLE 0 19000 MANITEX INTL INC COM 563420108 2693 1126719 SH SOLE 384500 742219 MCG CAPITAL CORP COM 58047P107 4595 786818 SH SOLE 231922 554896 MDU RES GROUP INC COM 552690109 4368 218964 SH SOLE 30150 188814 METHANEX CORP COM 59151K108 2765 112895 SH SOLE 20000 92895 METLIFE INC COM 59156R108 1576 41000 SH SOLE 35000 6000 MICROFINANCIAL INC COM 595072109 558 142980 SH SOLE 0 142980 MICROSOFT CORP COM 594918104 669 27300 SH SOLE 4000 23300 MILLER INDS INC TENN COM NEW 600551204 2296 169661 SH SOLE 6600 163061 MILLICOM INTL CELLULAR S A SHS NEW L6388F110 7600 79212 SH SOLE 16396 62816 MITCHAM INDS INC COM 606501104 1532 207854 SH SOLE 21650 186204 MOBILE MINI INC COM 60740F105 993 64754 SH SOLE 0 64754 MONTPELIER RE HOLDINGS LTD SHS G62185106 973 56150 SH SOLE 0 56150 MOTORCAR PTS AMER INC COM 620071100 5637 649471 SH SOLE 176000 473471 NATIONAL WESTN LIFE INS CO CL A 638522102 1632 11603 SH SOLE 800 10803 NATURES SUNSHINE PRODUCTS IN COM 639027101 10499 1174424 SH SOLE 254391 920033 NETSOL TECHNOLOGIES INC COM NEW 64115A204 1342 833807 SH SOLE 0 833807 NEW IRELAND FUND INC COM 645673104 96 15173 SH SOLE 0 15173 NIGHTHAWK RADIOLOGY HLDGS IN COM 65411N105 120 18850 SH SOLE 0 18850 NOKIA CORP SPONSORED ADR 654902204 252 25100 SH SOLE 25100 0 NUVEEN CA DIV ADV MUNI FD 3 COM SH BEN INT 67070Y109 1927 143518 SH SOLE 143018 500 NUVEEN CA DIV ADVANTG MUN FD COM 67069X104 674 46125 SH SOLE 45900 225 NUVEEN CA DIVIDEND ADV MUN F COM SHS 67066Y105 1445 102842 SH SOLE 102842 0 NUVEEN CA INVT QUALITY MUN F COM 67062A101 1 12100 SH SOLE 12100 0 NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 0 19000 SH SOLE 19000 0 NUVEEN CA SELECT QUALITY MUN COM 670975101 545 37000 SH SOLE 37000 0 NUVEEN CALIF PERFORM PLUS MU COM 67062Q106 144 46157 SH SOLE 46157 0 NUVEEN CALIF QUALITY INCM MU COM 670985100 141 19300 SH SOLE 19300 0 NUVEEN INSD CA PREM INCOME 2 COM 67061U108 612 43182 SH SOLE 43182 0 NUVEEN INSD CALIF DIVID COM 67071M104 606 41038 SH SOLE 41038 0 OVERHILL FARMS INC COM 690212105 750 163460 SH SOLE 130014 33446 OWENS ILL INC COM NEW 690768403 9531 339658 SH SOLE 45240 294418 PACIFIC CAP BANCORP NEW COM 69404P101 56 68700 SH SOLE 68700 0 PARKER DRILLING CO COM 701081101 65 15000 SH SOLE 0 15000 PEABODY ENERGY CORP COM 704549104 490 10000 SH SOLE 10000 0 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 61 36250 SH SOLE 0 36250 PETMED EXPRESS INC COM 716382106 210 12000 SH SOLE 12000 0 PETSMART INC COM 716768106 443 12650 SH SOLE 12500 150 PFIZER INC COM 717081103 8183 476578 SH SOLE 21048 455530 PHC INC MASS CL A 693315103 341 261987 SH SOLE 0 261987 PINNACLE DATA SYS INC COM 723454104 876 820590 SH SOLE 820590 0 PRO-DEX INC COLO COM NEW 74265M205 703 334760 SH SOLE 14447 320313 QC HLDGS INC COM 74729T101 519 133494 SH SOLE 0 133494 RENAISSANCERE HOLDINGS LTD COM G7496G103 9526 158879 SH SOLE 0 158879 RENESOLA LTD SPONS ADS 75971T103 4759 380759 SH SOLE 7000 373759 RENT A CTR INC NEW COM 76009N100 21365 954651 SH SOLE 162901 791750 RES-CARE INC COM 760943100 1046 78797 SH SOLE 0 78797 SANFILIPPO JOHN B & SON INC COM 800422107 272 20578 SH SOLE 7700 12878 SEABRIGHT HOLDINGS INC COM 811656107 339 42000 SH SOLE 0 42000 SEAGATE TECHNOLOGY PLC SHS G7945M107 2915 247520 SH 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