13F-HR 1 shufrorose09302007.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, 2000 Check here if Amendment (); Amendment Number: This Amendment (Check only one): ( ) is a restatement. (X) adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Shufro Rose & Co, LLC Address: 745 Fifth Avenue 26th Floor New York, NY 10151 13F File Number:28-792 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: Steven J. Glass Title: Managing Director Phone: 212-754-5100 Signature, Place, and Date of Signing: Steven J. Glass New York, NY October 22, 2007 Report Type (Check only one): (X) 13F HOLDINGS REPORT ( ) 13F NOTICE ( ) 13F COMBINATION REPORT I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE AS OF DATE: 09/30/07 RUN DATE: 10/22/07 03:20 P.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 297 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,015,657,745.24 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole NETWORK EQP TECH 7.25% 5-15-14 CONV BND 641208AA1 3,294,093 3,566,000 PRN SOLE 145,000 ABX AIR COM 00080S101 110,448 15,600 SH SOLE 3,000 ACUSPHERE INC COM 00511R870 87,000 58,000 SH SOLE 30,000 ADAPTEC COM 00651F108 5,618,647 1,470,850 SH SOLE 296,975 AGILYSYS COM 00847J105 11,892,361 703,690 SH SOLE 53,100 AGRIUM INC COM 008916108 24,424,233 449,140 SH SOLE 18,775 ALASKA PACIFIC BANCSHARES COM 011757101 632,500 25,300 SH SOLE 3,600 ALBANY MOLECULAR RESEARCH COM 012423109 1,603,620 106,200 SH SOLE 102,000 ALESCO FINANCIAL COM 014485106 73,800 15,000 SH SOLE 7,500 ALLOY INC COM 019855303 115,262 12,275 SH SOLE 12,275 ALLTEL CORP COM 020039103 730,107 10,478 SH SOLE 1,000 AMERICAN AXLE & MANUFACTURING COM 024061103 9,758,494 386,475 SH SOLE 54,110 AMERICAN EXPRESS COM 025816109 2,926,347 49,290 SH SOLE 2,100 AMERICAN FINANCIAL GROUP COM 025932104 213,900 7,500 SH SOLE 0 AMERICAN SOFTWARE COM 029683109 145,360 15,800 SH SOLE 2,000 AMERISERV FINANCIAL COM 03074A102 55,817 16,762 SH SOLE 0 AMGEN INC COM 031162100 274,930 4,860 SH SOLE 0 APPLE COMPUTER COM 037833100 353,142 2,300 SH SOLE 500 APPLIED MATERIALS COM 038222105 3,593,624 173,605 SH SOLE 2,150 APRIA HEALTH GROUP COM 037933108 232,790 8,950 SH SOLE 1,450 ASYST TECHNOLOGIES COM 04648X107 577,853 109,235 SH SOLE 101,920 AT&T INC COM 00206R102 1,623,392 38,369 SH SOLE 0 AUTOMATIC DATA PROCESSING COM 053015103 443,454 9,655 SH SOLE 0 AVX COM 002444107 10,320,664 641,035 SH SOLE 32,800 BANK OF AMERICA COM 060505104 1,929,815 38,389 SH SOLE 2,600 BANK OF NEW YORK COM 064058100 1,250,398 28,328 SH SOLE 0 BAR HARBOR BANKSHARES COM 066849100 6,623,226 211,950 SH SOLE 8,900 BARNES & NOBLE COM 067774109 257,398 7,300 SH SOLE 0 BARR PHARMACEUTICALS COM 068306109 3,744,678 65,800 SH SOLE 64,300 BEAR STEARNS COMPANIES COM 073902108 614,050 5,000 SH SOLE 1,000 BEBE STORES COM 075571109 1,024,100 70,000 SH SOLE 66,000 BENCHMARK ELECTRONICS COM 08160H101 929,737 38,950 SH SOLE 3,150 BERKSHIRE BANCORP COM 084597202 1,422,501 87,270 SH SOLE 14,100 BERKSHIRE HATHAWAY A SHARES COM 084670108 2,370,200 20 SH SOLE 0 BERKSHIRE HATHAWAY B SHARES COM 084670207 8,540,272 2,161 SH SOLE 136 BLACK BOX COM 091826107 213,800 5,000 SH SOLE 5,000 BNCCORP INC COM 055936108 353,625 20,500 SH SOLE 2,000 BOMBAY STORES COM 097924104 1,030 10,200 SH SOLE 9,600 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 888,096 31,900 SH SOLE 3,000 BORLAND SOFTWARE COM 099849101 2,090,828 480,650 SH SOLE 461,800 BP PLC COM 055622104 1,793,530 25,862 SH SOLE 0 BRESLER & REINER COM 107336109 833,340 22,800 SH SOLE 3,300 BRIGGS & STRATTON CORP COM 109043109 425,542 16,900 SH SOLE 0 BRISTOL-MYERS SQUIBB COM 110122108 584,162 20,269 SH SOLE 0 BROOKS AUTOMATION COM 114340102 4,042,736 283,900 SH SOLE 179,100 CABELA'S INC COM 126804301 6,691,176 282,925 SH SOLE 8,800 CALAMP CORP COM 128126109 1,302,741 377,606 SH SOLE 195,006 CALIFORNIA PIZZA KITCHEN COM 13054D109 3,972,138 226,075 SH SOLE 24,000 CARLISLE COMPANIES COM 142339100 281,880 5,800 SH SOLE 0 CARNIVAL CRUISE LINES COM 143658300 698,845 14,430 SH SOLE 0 CARRIAGE SERVICES COM 143905107 516,344 63,200 SH SOLE 2,800 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole CBRE REALTY FINANCE COM 12498B307 425,980 72,200 SH SOLE 7,000 CBS CLASS B COM 124857202 787,500 25,000 SH SOLE 1,000 CENTENNIAL BANK HOLDINGS COM 151345303 310,400 48,500 SH SOLE 8,500 CENTRUE FINANCIAL COM 15643B106 332,664 16,600 SH SOLE 2,000 CHARLOTTE RUSSE HOLDING COM 161048103 4,966,766 339,260 SH SOLE 106,500 CHARMING SHOPPES COM 161133103 7,942,200 945,500 SH SOLE 49,900 CHEMICAL FINANCIAL COM 163731102 520,405 21,460 SH SOLE 1,575 CHESAPEAKE ENERGY COM 165167107 1,607,856 45,600 SH SOLE 3,000 CHEVRON CORP COM 166764100 3,896,671 41,640 SH SOLE 0 CHICOS FAS COM 168615102 8,579,633 610,650 SH SOLE 101,300 CHRISTOPHER BANKS COM 171046105 1,340,472 110,600 SH SOLE 110,600 CIMAREX ENERGY COM 171798101 1,275,813 34,250 SH SOLE 2,700 CISCO SYSTEMS COM 17275R102 909,292 27,447 SH SOLE 100 CITADEL BROADCASTING COM 17285T106 58,290 14,012 SH SOLE 229 CITIGROUP COM 172967101 9,865,338 211,385 SH SOLE 3,800 CITIZENS BANKING COM 174420109 241,650 15,000 SH SOLE 2,000 CMGI INC COM 125750109 577,728 424,800 SH SOLE 400,300 COCA-COLA COM 191216100 392,520 6,830 SH SOLE 0 COHERENT INC COM 192479103 795,584 24,800 SH SOLE 24,800 COLGATE PALMOLIVE COM 194162103 3,609,149 50,605 SH SOLE 0 COLUMBIA FINANCIAL COM 197642101 201,600 12,800 SH SOLE 3,000 COMMERCE GROUP COM 200641108 10,703,504 363,200 SH SOLE 13,000 COMMUNITY BANK SYSTEMS COM 203607106 382,592 19,600 SH SOLE 2,500 CONCORD CAMERA NEW COM 206156200 97,553 31,880 SH SOLE 31,880 CONOCOPHILLIPS COM 20825C104 498,183 5,676 SH SOLE 1,000 CONSOLIDATED TOMOKA LAND COM 210226106 336,050 5,000 SH SOLE 1,000 COOLBRANDS INTERNATIONAL COM 21639P307 232,320 242,000 SH SOLE 42,500 CORNING COM 219350105 439,583 17,833 SH SOLE 2,500 COSTCO WHOLESALE COM 22160K105 644,385 10,500 SH SOLE 0 CRAWFORD & CO COM 224633107 1,501,596 236,100 SH SOLE 235,500 CREDENCE SYSTEMS COM 225302108 2,243,556 726,070 SH SOLE 444,000 DELL INC COM 24702R101 879,474 31,865 SH SOLE 0 DESIGN WITHIN REACH COM 250557105 142,800 30,000 SH SOLE 30,000 DIGIMARC CORP COM 253807101 383,775 42,500 SH SOLE 42,500 DISCOVERY HOLDING CLASS A COM 25468Y107 268,045 9,291 SH SOLE 2,500 DISNEY WALT COM 254687106 6,364,729 185,075 SH SOLE 3,000 DONEGAL GROUP COM 257701201 8,148,248 503,600 SH SOLE 26,050 DOT HILL SYSTEMS COM 25848T109 760,833 251,100 SH SOLE 233,100 DOVER CORP COM 260003108 5,348,476 104,975 SH SOLE 7,000 DOW CHEMICAL COM 260543103 9,983,030 231,840 SH SOLE 6,000 DRESS BARN COM 261570105 2,806,650 165,000 SH SOLE 21,500 D R HORTON COM 23331A109 4,310,309 336,480 SH SOLE 11,150 DRUGSTORE.COM COM 262241102 949,968 293,200 SH SOLE 283,200 DUPONT COM 263534109 20,687,583 417,425 SH SOLE 3,223 EBAY COM 278642103 241,924 6,200 SH SOLE 0 EL PASO CORPORATION COM 28336L109 692,376 40,800 SH SOLE 0 EMERSON ELECTRIC COM 291011104 266,100 5,000 SH SOLE 0 ENERGY TRANSFER PARTNERS COM 29273R109 234,480 4,800 SH SOLE 0 ENZO BIOCHEM COM 294100102 560,179 49,355 SH SOLE 6,520 EPLUS INC COM 294268107 88,000 10,000 SH SOLE 10,000 ESPEED INC COM 296643109 904,180 106,000 SH SOLE 106,000 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole ETHAN ALLEN INTERIORS COM 297602104 12,097,915 370,080 SH SOLE 13,890 EUROPEAN EQUITY FUND COM 298768102 3,868,642 296,675 SH SOLE 18,079 EXCAPSA SOFTWARE COM 30066E107 6,840 38,000 SH SOLE 38,000 EXTREME NETWORKS COM 30226D106 76,800 20,000 SH SOLE 20,000 EXXON MOBIL COM 30231G102 31,429,396 339,557 SH SOLE 6,000 FASTENAL COM 311900104 1,235,152 27,200 SH SOLE 2,200 FEDERAL SIGNAL COM 313855108 10,180,762 662,810 SH SOLE 28,100 FIFTH THIRD BANCORP COM 316773100 7,046,024 207,970 SH SOLE 10,250 FINISH LINE CL A COM 317923100 55,986 12,900 SH SOLE 10,000 FIRST ALBANY COMPANIES COM 318465101 19,720 11,600 SH SOLE 11,600 FIRST BANK OF DELAWARE COM 319307104 357,120 140,047 SH SOLE 12,635 FIRST HORIZON NATIONAL COM 320517105 586,520 22,000 SH SOLE 2,600 FIRST NATIONAL BANK ALASKA COM 32112J106 4,688,350 2,287 SH SOLE 160 FIRST NIAGARA FINANCIAL COM 33582V108 141,500 10,000 SH SOLE 0 FIRST CITIZENS BANCORP SC COM 319460101 2,338,560 3,480 SH SOLE 300 FLEXIINTERNATIONAL SOFTWARE COM 338923105 30,000 75,000 SH SOLE 75,000 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 13,782,581 1,232,789 SH SOLE 165,980 FORD MOTOR CO COM 345370860 137,479 16,193 SH SOLE 0 FRANKLIN BANK COM 352451108 633,880 68,900 SH SOLE 9,500 FREDS INC COM 356108100 421,200 40,000 SH SOLE 40,000 FRIEDMAN INDUSTRIES COM 358435105 732,780 82,800 SH SOLE 9,000 GENERAL ELECTRIC COM 369604103 62,375,186 1,506,647 SH SOLE 22,160 GENESIS MICROCHIP COM 37184C103 409,248 52,200 SH SOLE 50,000 GERON CORP COM 374163103 764,208 104,400 SH SOLE 15,000 GIGA TRONICS COM 375175106 33,284 15,700 SH SOLE 15,700 GLATFELTER COM 377316104 443,716 29,900 SH SOLE 0 GLAXO SMITHKLINE PLC COM 37733W105 268,926 5,055 SH SOLE 0 GLOBAL AIRCRAFT SOLUTIONS COM 378964100 21,900 30,000 SH SOLE 30,000 GOLFSMITH INTL COM 38168Y103 591,500 84,500 SH SOLE 82,700 GRAND BANKS ENERGY COM 38522T105 11,480 10,000 SH SOLE 10,000 GREATER CHINA FUND COM 39167B102 719,232 17,633 SH SOLE 2,000 GSI GROUP COM 36229U102 180,800 16,000 SH SOLE 16,000 HARRIS & HARRIS GROUP COM 413833104 1,074,640 101,000 SH SOLE 58,500 HEALTH FITNESS COM 42217V102 456,620 144,500 SH SOLE 47,500 HELEN OF TROY LTD BERMUDA COM G4388N106 434,475 22,500 SH SOLE 22,500 HEWLETT PACKARD COM 428236103 15,104,394 303,362 SH SOLE 3,801 HOME DEPOT COM 437076102 796,272 24,546 SH SOLE 0 HOOPER HOLMES COM 439104100 1,091,028 462,300 SH SOLE 51,600 HORNBECK OFFSHORE SERVICES COM 440543106 2,840,213 77,390 SH SOLE 0 H3 ENTERPRISES COM 404369100 1,170 13,000 SH SOLE 13,000 HUDSON HOLDING COM 443793104 9,000 20,000 SH SOLE 15,000 HUMAN GENOME SCIENCES COM 444903108 226,401 22,002 SH SOLE 7,000 IMMERSION CORP COM 452521107 171,990 10,500 SH SOLE 0 IMMUCELL CORP NEW COM 452525306 43,000 10,000 SH SOLE 10,000 INFOSONICS CORP COM 456784107 405,139 186,700 SH SOLE 186,700 INTEL COM 458140100 35,276,200 1,364,122 SH SOLE 170,645 INTERPUBLIC GROUP OF COMPANIES COM 460690100 145,320 14,000 SH SOLE 14,000 INTL BUSINESS MACHINES COM 459200101 18,197,862 154,481 SH SOLE 5,150 INTL COAL GROUP COM 45928H106 1,402,352 315,845 SH SOLE 17,975 INTL FRONTIER RESOURCES COM 459976106 16,475 25,000 SH SOLE 25,000 INTL PAPER COM 460146103 33,943,458 946,291 SH SOLE 22,390 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole INTL RECTIFIER COM 460254105 21,056,692 638,275 SH SOLE 22,965 INVACARE CORP COM 461203101 2,227,646 95,280 SH SOLE 1,400 JAPAN EQUITY FUND COM 471057109 8,230,499 1,030,100 SH SOLE 71,500 JAPAN SMALLER CAP FUND COM 47109U104 3,914,039 377,075 SH SOLE 111,750 JETBLUE AIRWAYS COM 477143101 119,860 13,000 SH SOLE 3,200 JOHNSON & JOHNSON COM 478160104 18,730,873 285,097 SH SOLE 26,055 JOY GLOBAL COM 481165108 1,590,901 31,280 SH SOLE 2,500 KADANT COM 48282T104 11,321,240 404,330 SH SOLE 1,700 KEMET CORP COM 488360108 6,166,650 839,000 SH SOLE 275,150 KIMBERLY-CLARK COM 494368103 803,774 11,440 SH SOLE 0 KINDRED HEALTHCARE COM 494580103 385,065 21,500 SH SOLE 0 KOHLS COM 500255104 470,106 8,200 SH SOLE 8,200 KRATOS DEFENSE & SECURITY COM 50077B108 1,193,544 435,600 SH SOLE 326,600 KYOCERA CORP ADR COM 501556203 6,739,501 72,320 SH SOLE 1,250 LA BARGE INC COM 502470107 158,400 13,200 SH SOLE 3,500 LAKELAND INDUSTRIES COM 511795106 187,736 15,697 SH SOLE 3,500 LATTICE INCORPORATED COM 518414107 18,194 45,485 SH SOLE 2,485 LECROY CORP COM 52324W109 74,600 10,000 SH SOLE 10,000 LEXINGTON PROPERTY TRUST COM 529043101 1,095,548 54,750 SH SOLE 3,200 LIBERTY MEDIA HLDG CAPITAL A COM 53071M302 1,064,301 8,526 SH SOLE 130 LIBERTY GLOBAL A COM 530555101 348,998 8,508 SH SOLE 0 LIBERTY MEDIA HLDG INTRACTVE A COM 53071M104 1,497,362 77,947 SH SOLE 3,150 LOWES COMPANIES COM 548661107 206,732 7,378 SH SOLE 3,000 LSI CORPORATION COM 502161102 3,168,236 426,986 SH SOLE 413,300 M & T BANK COM 55261F104 10,212,687 98,721 SH SOLE 4,580 MAGELLAN PETROLEUM COM 559091301 11,590 10,000 SH SOLE 10,000 MANHATTAN PHARMACEUTICALS COM 563118207 2,200 10,000 SH SOLE 10,000 MARRIOTT INTERNATIONAL COM 571903202 443,394 10,200 SH SOLE 2,000 MARSH & MCLENNAN COM 571748102 456,450 17,900 SH SOLE 500 MEADOWBROOK INSURANCE GROUP COM 58319P108 435,183 48,300 SH SOLE 9,000 MEDTRONIC COM 585055106 381,388 6,761 SH SOLE 0 MERCK & CO COM 589331107 1,079,029 20,875 SH SOLE 1,850 MEREDITH CORP COM 589433101 6,108,467 106,605 SH SOLE 6,000 MERRILL LYNCH COM 590188108 9,420,579 132,163 SH SOLE 58,775 META FINANCIAL GROUP COM 59100U108 278,631 6,992 SH SOLE 0 METLIFE COM 59156R108 16,454,537 235,975 SH SOLE 8,910 MICROSOFT COM 594918104 669,714 22,733 SH SOLE 0 MONACO COACH COM 60886R103 13,072,102 931,725 SH SOLE 48,550 MONMOUTH REAL ESTATE INVT CORP COM 609720107 317,855 37,750 SH SOLE 9,000 JPMORGAN CHASE & CO COM 46625H100 22,798,108 497,558 SH SOLE 3,352 MORGAN STANLEY ASIA PACIFIC FD COM 61744U106 822,402 36,600 SH SOLE 0 MUELLER WATER PRODUCTS COM 624758108 1,148,553 92,700 SH SOLE 12,000 MYLAN LABORATORIES COM 628530107 18,400,444 1,152,910 SH SOLE 151,615 NAM TAI ELECTRONICS COM 629865205 1,040,366 82,700 SH SOLE 80,200 NANOPHASE TECHNOLOGIES COM 630079101 78,470 11,800 SH SOLE 8,000 NATURES SUNSHINE PRODUCTS COM 639027101 272,800 22,000 SH SOLE 22,000 NATIONAL WESTERN LIFE INSUR COM 638522102 14,393,399 56,233 SH SOLE 2,400 NAUTILUS GROUP COM 63910B102 101,817 12,775 SH SOLE 12,400 NAVARRE CORP COM 639208107 596,712 158,700 SH SOLE 158,700 NEOMAGIC CORP COM 640497202 900,447 221,240 SH SOLE 218,280 NESTLE SA ADR COM 641069406 464,485 4,150 SH SOLE 0 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole NEWALLIANCE BANCSHARES COM 650203102 262,772 17,900 SH SOLE 6,000 NEWCASTLE INVESTMENT COM 65105M108 1,073,058 60,900 SH SOLE 4,000 NEWPORT CORP COM 651824104 6,811,237 447,225 SH SOLE 32,400 OFFICE DEPOT COM 676220106 1,024,814 49,700 SH SOLE 49,700 OLD REPUBLIC COM 680223104 1,558,906 83,186 SH SOLE 5,000 ON ASSIGNMENT COM 682159108 461,396 49,400 SH SOLE 49,400 ONE BEACON INSURANCE LTD COM G67742109 5,447,840 252,800 SH SOLE 19,500 PAMRAPO BANCORP COM 697738102 655,155 34,500 SH SOLE 3,000 PCTEL COM 69325Q105 182,919 24,100 SH SOLE 24,100 PDI INC COM 69329V100 1,448,010 139,500 SH SOLE 137,450 PEPSICO INC COM 713448108 2,209,009 30,153 SH SOLE 0 PETROLEUM DEVELOPMENT COM 716578109 221,750 5,000 SH SOLE 2,000 PEYTO ENERGY TRUST COM 717045108 187,751 10,500 SH SOLE 2,000 PFIZER INC COM 717081103 14,717,344 602,429 SH SOLE 31,485 PHILIPS ELECTRONICS COM 500472303 214,993 4,784 SH SOLE 0 PHOENIX TECHNOLOGIES LTD COM 719153108 133,875 12,500 SH SOLE 10,500 PIPER JAFFRAY COM 724078100 568,160 10,600 SH SOLE 1,000 PLANAR SYSTEMS COM 726900103 3,208,051 478,100 SH SOLE 48,500 PMA CAPITAL CL A COM 693419202 133,000 14,000 SH SOLE 3,000 PNC FINANCIAL SERVICES GROUP COM 693475105 852,953 12,525 SH SOLE 0 POPE & TALBOT COM 732827100 5,040 18,000 SH SOLE 7,500 POWERSHARES QQQ TRUST SERIES 1 COM 73935A104 468,088 9,105 SH SOLE 0 PRIMEENERGY CORP COM 74158E104 680,433 11,990 SH SOLE 0 PROCTER & GAMBLE COM 742718109 275,451 3,916 SH SOLE 0 QUADRA REALTY TRUST COM 746945104 524,150 55,000 SH SOLE 9,900 QUALCOMM COM 747525103 997,336 23,600 SH SOLE 2,000 QUANTA CAPITAL HOLDINGS COM G7313F106 67,500 25,000 SH SOLE 25,000 REGAL-BELOIT COM 758750103 5,172,120 108,000 SH SOLE 6,500 REGENERON PHARMACEUTICALS COM 75886F107 194,020 10,900 SH SOLE 0 RELIANT ENERGY COM 75952B105 307,200 12,000 SH SOLE 0 REPUBLIC FIRST BANCORP COM 760416107 485,168 60,646 SH SOLE 8,616 RICHARDSON ELECTRONICS COM 763165107 181,689 26,524 SH SOLE 2,024 ROYAL DUTCH SHELL PLC ADR A COM 780259206 547,319 6,660 SH SOLE 0 SAFECO COM 786429100 275,490 4,500 SH SOLE 0 ST JOE CO COM 790148100 248,714 7,400 SH SOLE 0 SAKS INC COM 79377W108 5,724,601 333,796 SH SOLE 4,400 SALISBURY BANCORP COM 795226109 2,493,120 74,200 SH SOLE 1,800 SANOFI AVENTIS COM 80105N105 492,072 11,600 SH SOLE 1,500 SAPIENT COM 803062108 751,520 112,000 SH SOLE 112,000 SCHEIN (HENRY) COM 806407102 1,746,108 28,700 SH SOLE 600 SCHLUMBERGER LTD COM 806857108 559,440 5,328 SH SOLE 0 SCHMITT INDUSTRIES COM 806870200 970,255 135,700 SH SOLE 13,000 SEABOARD CORP COM 811543107 607,600 310 SH SOLE 0 SE FINANCIAL COM 78412R108 564,053 52,470 SH SOLE 0 SEMCO ENERGY COM 78412D109 78,900 10,000 SH SOLE 10,000 SENECA FOODS NEW COM 817070501 605,476 22,900 SH SOLE 6,500 SILICON IMAGE COM 82705T102 357,925 69,500 SH SOLE 69,500 SILICON STORAGE TECHNOLOGY COM 827057100 330,372 102,600 SH SOLE 102,600 SIMPSON MANUFACTURING COM 829073105 4,972,900 156,135 SH SOLE 7,500 SONOSITE COM 83568G104 9,517,509 311,845 SH SOLE 13,950 SOUTHWEST AIRLINES COM 844741108 189,262 12,788 SH SOLE 11,300 Shufro, Rose & CO LLC Page: 6 Form 13F Information Table As of Date: 9/30/2007 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole SPANISH BROADCASTING SYSTEM A COM 846425882 109,392 42,400 SH SOLE 42,400 SPANSION INC COM 84649R101 312,228 36,950 SH SOLE 36,950 STATE STREET COM 857477103 8,470,107 124,268 SH SOLE 0 STONERIDGE COM 86183P102 2,037,960 199,800 SH SOLE 199,800 STRATTEC SECURITY COM 863111100 4,766,680 101,570 SH SOLE 0 SUPERIOR INDUSTRIES INTL COM 868168105 3,068,484 141,470 SH SOLE 3,900 SWISS HELVETIA FUND COM 870875101 11,065,365 612,022 SH SOLE 33,400 SYMMETRICOM INC COM 871543104 1,011,910 215,300 SH SOLE 39,500 TARGET CORP COM 87612E106 1,072,044 16,864 SH SOLE 0 TASTY BAKING COM 876553306 391,492 38,800 SH SOLE 38,800 TELLABS COM 879664100 1,065,764 111,950 SH SOLE 56,650 TERADYNE COM 880770102 11,462,073 830,585 SH SOLE 196,175 TEXAS INSTRUMENTS COM 882508104 642,155 17,550 SH SOLE 10,500 THERMO FISHER SCIENTIFIC COM 883556102 5,042,419 87,360 SH SOLE 2,900 TIME WARNER COM 887317105 2,789,655 151,942 SH SOLE 0 TRANSATLANTIC HOLDINGS COM 893521104 462,068 6,570 SH SOLE 400 TRANSWITCH CORP COM 894065101 84,000 60,000 SH SOLE 60,000 TRINITY INDUSTRIES COM 896522109 701,998 18,700 SH SOLE 2,200 UNITED CAPITAL COM 909912107 522,050 19,700 SH SOLE 3,000 UNITED PARCEL SERVICE COM 911312106 24,165,528 321,778 SH SOLE 12,775 USEC INC COM 90333E108 266,500 26,000 SH SOLE 4,000 US GYPSUM COM 903293405 9,425,050 251,000 SH SOLE 12,200 UTSTARCOM INC COM 918076100 1,441,088 393,740 SH SOLE 374,200 VALENCE TECH COM 918914102 362,511 257,100 SH SOLE 247,100 VARIAN INC COM 922206107 317,986 4,999 SH SOLE 0 VERIZON COMMUNICATIONS COM 92343V104 236,942 5,351 SH SOLE 0 VIACOM CLASS B COM 92553P201 374,736 9,616 SH SOLE 0 VISHAY INTERTECHNOLOGY COM 928298108 200,662 15,400 SH SOLE 7,500 VITESSE SEMICONDUCTOR COM 928497106 1,221,459 1,272,353 SH SOLE 1,180,100 VODAFONE GROUP PLC NEW COM 92857W209 753,225 20,750 SH SOLE 0 WAL-MART STORES COM 931142103 25,003,200 572,811 SH SOLE 25,170 WASHINGTON POST COM 939640108 1,488,391 1,854 SH SOLE 40 WATSON PHARMACEUTICALS COM 942683103 14,218,902 438,855 SH SOLE 22,600 WESTERN UNION COM 959802109 532,638 25,400 SH SOLE 0 WESTLAKE CHEMICAL COM 960413102 10,911,784 430,785 SH SOLE 18,250 WHIRLPOOL CORP COM 963320106 2,975,940 33,400 SH SOLE 3,200 WILLOW FINANCIAL BANCORP COM 97111W101 729,641 58,700 SH SOLE 7,000 WILSONS LEATHER EXPERTS COM 972463103 120,213 70,300 SH SOLE 70,300 WRIGLEY WILLIAM JR COM 982526105 5,595,396 87,115 SH SOLE 17,270 WYETH COM 983024100 963,706 21,632 SH SOLE 0 3COM COM 885535104 1,299,220 263,000 SH SOLE 255,300 3M COMPANY COM 88579Y101 35,520,347 379,572 SH SOLE 7,845 Line Count: 297