13F-HR 1 shufrorose03312008.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, 2008 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 May 8, 2008 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: 03/31/08 RUN DATE: 5/8/08 09:00 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 273 FORM 13F INFORMATION TABLE VALUE TOTAL: $828,576,945.95 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None BLACKROCK MUNIYIELD NY INSD FD FUND 09255E102 190 15,400 SH SOLE 0 0 15,400 VAN KAMPEN TR FOR INVESTMENT FUND 920931102 172 12,123 SH SOLE 0 0 12,123 WESTERN ASSET MUN PARTNERS FD FUND 95766P108 402 31,856 SH SOLE 0 0 31,856 NETWORK EQP TECH 7.25% 5-15-14 CONV BND 641208AA1 3,075 3,451,000 PRN SOLE 0 0 3,451,000 BLACKROCK FLT RT STRATEGIES FD PFD 09255X100 409 28,500 SH SOLE 0 0 28,500 EATON VANCE LTD DURATION INC PFD 27828H105 751 53,303 SH SOLE 0 0 53,303 NUVEEN (JTP) QLTY PFD INC FUND PFD 67071S101 192 18,800 SH SOLE 0 0 18,800 NUVEEN (JPS) QLTY PFD FD 2 PFD 67072C105 225 20,600 SH SOLE 0 0 20,600 NUVEEN (JHP) QLTY PFD INC FD 3 PFD 67072W101 346 33,550 SH SOLE 0 0 33,550 NUVEEN MULTI-STRATEGY INC AND PFD 67073D102 370 36,400 SH SOLE 0 0 36,400 ROYAL BANK SCOTLAND 6.40% PFD PFD 780097796 1,399 61,800 SH SOLE 0 0 61,800 ALLIANCE BERNSTEIN INCOME FD FUND 01881E101 136 16,650 SH SOLE 0 0 16,650 DREYFUS HIGH YIELD STRATEGIES FUND 26200S101 52 15,000 SH SOLE 0 0 15,000 DWS MULTI MKT INCOME TR FUND 23338L108 366 45,800 SH SOLE 0 0 45,800 1ST TR / 4 CORNERS SR FLOAT FD FUND 33733U108 634 46,600 SH SOLE 0 0 46,600 PUTNAM PREMIER INCOME TRUST FUND 746853100 188 31,131 SH SOLE 0 0 31,131 LIBERTY ALL-STAR GROWTH FUND FUND 529900102 65 13,852 SH SOLE 0 0 13,852 TEMPLETON DRAGON FD INC FUND 88018T101 1,369 56,000 SH SOLE 0 0 56,000 WESTERN ASSET GLBL PTNS INC FD FUND 95766G108 189 18,700 SH SOLE 0 0 18,700 ABX AIR COM 00080S101 32 11,100 SH SOLE 0 0 11,100 ACUSPHERE INC COM 00511R870 27 57,000 SH SOLE 0 0 57,000 ADAPTEC COM 00651F108 784 266,850 SH SOLE 0 0 266,850 AGILYSYS COM 00847J105 10,111 871,645 SH SOLE 0 0 871,645 AGRIUM INC COM 008916108 21,273 342,520 SH SOLE 0 0 342,520 ALBANY MOLECULAR RESEARCH COM 012423109 1,041 85,800 SH SOLE 0 0 85,800 AMERICAN AXLE & MANUFACTURING COM 024061103 4,122 201,075 SH SOLE 0 0 201,075 AMERICAN EXPRESS COM 025816109 2,064 47,215 SH SOLE 0 0 47,215 AMERICAN SOFTWARE COM 029683109 155 24,800 SH SOLE 0 0 24,800 APPLIED MATERIALS COM 038222105 3,159 161,925 SH SOLE 0 0 161,925 ASYST TECHNOLOGIES COM 04648X107 544 155,635 SH SOLE 0 0 155,635 AT&T INC COM 00206R102 1,256 32,802 SH SOLE 0 0 32,802 AUTOMATIC DATA PROCESSING COM 053015103 366 8,655 SH SOLE 0 0 8,655 AVX COM 002444107 8,436 658,615 SH SOLE 0 0 658,615 BANK OF AMERICA COM 060505104 1,381 36,454 SH SOLE 0 0 36,454 BANK OF NEW YORK COM 064058100 1,140 27,328 SH SOLE 0 0 27,328 BAR HARBOR BANKSHARES COM 066849100 6,483 210,150 SH SOLE 0 0 210,150 BARNES & NOBLE COM 067774109 327 10,700 SH SOLE 0 0 10,700 BARR PHARMACEUTICALS COM 068306109 2,681 55,500 SH SOLE 0 0 55,500 BEBE STORES COM 075571109 172 16,000 SH SOLE 0 0 16,000 BENCHMARK ELECTRONICS COM 08160H101 503 28,050 SH SOLE 0 0 28,050 BERKSHIRE BANCORP COM 084597202 1,285 86,270 SH SOLE 0 0 86,270 BERKSHIRE HATHAWAY A SHARES COM 084670108 1,867 14 SH SOLE 0 0 14 BERKSHIRE HATHAWAY B SHARES COM 084670207 9,540 2,133 SH SOLE 0 0 2,133 BJ SERVICES COM 055482103 265 9,300 SH SOLE 0 0 9,300 BNCCORP INC COM 055936108 231 18,500 SH SOLE 0 0 18,500 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 355 33,600 SH SOLE 0 0 33,600 BORLAND SOFTWARE COM 099849101 378 187,550 SH SOLE 0 0 187,550 BP PLC COM 055622104 1,562 25,762 SH SOLE 0 0 25,762 BRIGGS & STRATTON CORP COM 109043109 180 10,100 SH SOLE 0 0 10,100 BRISTOL-MYERS SQUIBB COM 110122108 421 19,769 SH SOLE 0 0 19,769 BROADPOINT SECURITIES GROUP COM 11133V108 21 11,600 SH SOLE 0 0 11,600 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None BROOKS AUTOMATION COM 114340102 2,974 306,000 SH SOLE 0 0 306,000 BROWN SHOE COMPANY COM 115736100 307 20,400 SH SOLE 0 0 20,400 CABELA'S INC COM 126804301 1,621 114,510 SH SOLE 0 0 114,510 CALAMP CORP COM 128126109 513 188,906 SH SOLE 0 0 188,906 CALIFORNIA PIZZA KITCHEN COM 13054D109 4,280 326,520 SH SOLE 0 0 326,520 CARNIVAL CRUISE LINES COM 143658300 567 14,030 SH SOLE 0 0 14,030 CARRIAGE SERVICES COM 143905107 481 61,600 SH SOLE 0 0 61,600 CBRE REALTY FINANCE COM 12498B307 344 85,500 SH SOLE 0 0 85,500 CBS CLASS B COM 124857202 500 22,650 SH SOLE 0 0 22,650 CENTENNIAL BANK HOLDINGS COM 151345303 301 48,000 SH SOLE 0 0 48,000 CENTRUE FINANCIAL COM 15643B106 278 14,300 SH SOLE 0 0 14,300 CHARLOTTE RUSSE HOLDING COM 161048103 476 27,500 SH SOLE 0 0 27,500 CHARMING SHOPPES COM 161133103 4,515 934,900 SH SOLE 0 0 934,900 CHEMICAL FINANCIAL COM 163731102 437 18,340 SH SOLE 0 0 18,340 CHESAPEAKE ENERGY COM 165167107 2,053 44,500 SH SOLE 0 0 44,500 CHEVRON CORP COM 166764100 3,609 42,285 SH SOLE 0 0 42,285 CHICOS FAS COM 168615102 5,992 842,865 SH SOLE 0 0 842,865 CHRISTOPHER & BANKS COM 171046105 2,081 208,400 SH SOLE 0 0 208,400 CIMAREX ENERGY COM 171798101 1,510 27,600 SH SOLE 0 0 27,600 CISCO SYSTEMS COM 17275R102 644 26,747 SH SOLE 0 0 26,747 CITADEL BROADCASTING COM 17285T106 22 13,425 SH SOLE 0 0 13,425 CITIGROUP COM 172967101 4,704 219,647 SH SOLE 0 0 219,647 CMGI INC NEW COM 125750307 1,213 91,480 SH SOLE 0 0 91,480 COACH INC COM 189754104 693 23,000 SH SOLE 0 0 23,000 COCA-COLA COM 191216100 409 6,730 SH SOLE 0 0 6,730 COLGATE PALMOLIVE COM 194162103 221 2,840 SH SOLE 0 0 2,840 COMMERCE ENERGY GROUP COM 20061Q106 18 15,000 SH SOLE 0 0 15,000 CONCORD CAMERA NEW COM 206156200 119 31,880 SH SOLE 0 0 31,880 CONOCOPHILLIPS COM 20825C104 508 6,676 SH SOLE 0 0 6,676 CONSOLIDATED ENERGY COM 20854P109 276 4,000 SH SOLE 0 0 4,000 CONSOLIDATED TOMOKA LAND COM 210226106 280 5,000 SH SOLE 0 0 5,000 CORNING COM 219350105 527 21,933 SH SOLE 0 0 21,933 COSTCO WHOLESALE COM 22160K105 682 10,500 SH SOLE 0 0 10,500 CRAWFORD & CO COM 224633107 1,239 236,100 SH SOLE 0 0 236,100 CREDENCE SYSTEMS COM 225302108 661 389,170 SH SOLE 0 0 389,170 DELL INC COM 24702R101 565 28,365 SH SOLE 0 0 28,365 DESIGN WITHIN REACH COM 250557105 85 30,000 SH SOLE 0 0 30,000 DIGIMARC CORP COM 253807101 424 42,500 SH SOLE 0 0 42,500 DISNEY WALT COM 254687106 5,677 180,927 SH SOLE 0 0 180,927 DOMTAR CORP COM 257559104 1,597 233,935 SH SOLE 0 0 233,935 DONEGAL GROUP COM 257701201 7,730 444,300 SH SOLE 0 0 444,300 DOT HILL SYSTEMS COM 25848T109 848 282,800 SH SOLE 0 0 282,800 DOVER CORP COM 260003108 5,052 120,940 SH SOLE 0 0 120,940 DOW CHEMICAL COM 260543103 8,203 222,615 SH SOLE 0 0 222,615 DRESS BARN COM 261570105 4,032 311,600 SH SOLE 0 0 311,600 D R HORTON COM 23331A109 5,004 317,730 SH SOLE 0 0 317,730 DRUGSTORE.COM COM 262241102 512 231,000 SH SOLE 0 0 231,000 DUPONT COM 263534109 18,984 405,990 SH SOLE 0 0 405,990 EL PASO CORPORATION COM 28336L109 678 40,800 SH SOLE 0 0 40,800 EMERSON ELECTRIC COM 291011104 257 5,000 SH SOLE 0 0 5,000 ENERGY TRANSFER PARTNERS COM 29273R109 219 4,800 SH SOLE 0 0 4,800 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None ENZO BIOCHEM COM 294100102 435 47,885 SH SOLE 0 0 47,885 ESPEED INC COM 296643109 1,235 106,000 SH SOLE 0 0 106,000 ETHAN ALLEN INTERIORS COM 297602104 10,280 361,610 SH SOLE 0 0 361,610 EUROPEAN EQUITY FUND COM 298768102 2,987 279,177 SH SOLE 0 0 279,177 EV3 INC COM 26928A200 187 23,050 SH SOLE 0 0 23,050 EXXON MOBIL COM 30231G102 27,445 324,497 SH SOLE 0 0 324,497 FEDERAL SIGNAL COM 313855108 7,185 514,730 SH SOLE 0 0 514,730 FIFTH THIRD BANCORP COM 316773100 391 18,725 SH SOLE 0 0 18,725 FINISH LINE CL A COM 317923100 156 32,900 SH SOLE 0 0 32,900 FIRST HORIZON NATIONAL COM 320517105 184 13,200 SH SOLE 0 0 13,200 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 13,754 1,464,799 SH SOLE 0 0 1,464,799 FOOT LOCKER COM 344849104 2,450 208,200 SH SOLE 0 0 208,200 FORD MOTOR CO COM 345370860 93 16,428 SH SOLE 0 0 16,428 FRANKLIN BANK COM 352451108 179 59,300 SH SOLE 0 0 59,300 FRIEDMAN INDUSTRIES COM 358435105 506 98,400 SH SOLE 0 0 98,400 GENERAL ELECTRIC COM 369604103 52,892 1,429,132 SH SOLE 0 0 1,429,132 GERON CORP COM 374163103 533 109,300 SH SOLE 0 0 109,300 GIGA TRONICS COM 375175106 23 15,700 SH SOLE 0 0 15,700 GLATFELTER COM 377316104 438 29,000 SH SOLE 0 0 29,000 GLAXO SMITHKLINE PLC COM 37733W105 214 5,055 SH SOLE 0 0 5,055 GOLFSMITH INTL COM 38168Y103 144 68,500 SH SOLE 0 0 68,500 GREATER CHINA FUND COM 39167B102 323 17,733 SH SOLE 0 0 17,733 GSI GROUP COM 36229U102 124 16,000 SH SOLE 0 0 16,000 HARDINGE INC COM 412324303 451 32,800 SH SOLE 0 0 32,800 HARRIS & HARRIS GROUP COM 413833104 1,839 258,000 SH SOLE 0 0 258,000 HELEN OF TROY LTD BERMUDA COM G4388N106 377 22,500 SH SOLE 0 0 22,500 HEWLETT PACKARD COM 428236103 13,260 290,418 SH SOLE 0 0 290,418 HOME DEPOT COM 437076102 608 21,759 SH SOLE 0 0 21,759 HORNBECK OFFSHORE SERVICES COM 440543106 2,315 50,710 SH SOLE 0 0 50,710 HUMAN GENOME SCIENCES COM 444903108 129 22,002 SH SOLE 0 0 22,002 IMATION CORP COM 45245A107 282 12,445 SH SOLE 0 0 12,445 IMMUCELL CORP NEW COM 452525306 23 10,000 SH SOLE 0 0 10,000 INFOSONICS CORP COM 456784107 216 214,100 SH SOLE 0 0 214,100 INTEL COM 458140100 27,407 1,294,012 SH SOLE 0 0 1,294,012 INTL BUSINESS MACHINES COM 459200101 16,526 143,533 SH SOLE 0 0 143,533 INTL COAL GROUP COM 45928H106 1,945 306,420 SH SOLE 0 0 306,420 INTL PAPER COM 460146103 25,173 925,482 SH SOLE 0 0 925,482 INTL RECTIFIER COM 460254105 12,660 588,845 SH SOLE 0 0 588,845 INVACARE CORP COM 461203101 1,159 52,045 SH SOLE 0 0 52,045 JAPAN EQUITY FUND COM 471057109 6,332 917,700 SH SOLE 0 0 917,700 JAPAN SMALLER CAP FUND COM 47109U104 4,204 487,725 SH SOLE 0 0 487,725 JETBLUE AIRWAYS COM 477143101 75 13,000 SH SOLE 0 0 13,000 JOHNSON & JOHNSON COM 478160104 16,143 248,862 SH SOLE 0 0 248,862 JOY GLOBAL COM 481165108 1,772 27,200 SH SOLE 0 0 27,200 KADANT COM 48282T104 2,354 80,145 SH SOLE 0 0 80,145 KELLY SERVICES CL A COM 488152208 4,550 221,325 SH SOLE 0 0 221,325 KEMET CORP COM 488360108 2,457 608,350 SH SOLE 0 0 608,350 KIMBERLY-CLARK COM 494368103 719 11,140 SH SOLE 0 0 11,140 KINDRED HEALTHCARE COM 494580103 269 12,300 SH SOLE 0 0 12,300 KING PHARMACEUTICALS COM 495582108 208 24,000 SH SOLE 0 0 24,000 KOHLS COM 500255104 1,016 23,700 SH SOLE 0 0 23,700 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None KRATOS DEFENSE & SECURITY COM 50077B108 1,698 933,100 SH SOLE 0 0 933,100 KYOCERA CORP ADR COM 501556203 313 3,735 SH SOLE 0 0 3,735 LAKELAND INDUSTRIES COM 511795106 168 14,397 SH SOLE 0 0 14,397 LECROY CORP COM 52324W109 86 10,000 SH SOLE 0 0 10,000 LEXINGTON PROPERTY TRUST COM 529043101 733 50,900 SH SOLE 0 0 50,900 LIBERTY MEDIA ENTERTAINMENT A COM 53071M500 703 31,092 SH SOLE 0 0 31,092 LIBERTY MEDIA HLDG INTRACTVE A COM 53071M104 996 61,760 SH SOLE 0 0 61,760 LSI CORPORATION COM 502161102 2,442 493,376 SH SOLE 0 0 493,376 M & T BANK COM 55261F104 9,301 115,581 SH SOLE 0 0 115,581 MAGELLAN PETROLEUM COM 559091301 11 10,000 SH SOLE 0 0 10,000 MANHATTAN PHARMACEUTICALS COM 563118207 1 10,000 SH SOLE 0 0 10,000 MARSH & MCLENNAN COM 571748102 262 10,800 SH SOLE 0 0 10,800 MCCORMICK SCHMICKS SEAFOOD RES COM 579793100 196 16,900 SH SOLE 0 0 16,900 MEADOWBROOK INSURANCE GROUP COM 58319P108 377 48,300 SH SOLE 0 0 48,300 MEDTRONIC COM 585055106 9,121 188,571 SH SOLE 0 0 188,571 MERCK & CO COM 589331107 792 20,889 SH SOLE 0 0 20,889 MEREDITH CORP COM 589433101 6,087 159,150 SH SOLE 0 0 159,150 MERRILL LYNCH COM 590188108 7,172 176,063 SH SOLE 0 0 176,063 METLIFE COM 59156R108 14,055 233,245 SH SOLE 0 0 233,245 MICROSOFT COM 594918104 696 24,556 SH SOLE 0 0 24,556 MOBILE MINI COM 60740F105 7,949 418,400 SH SOLE 0 0 418,400 MONACO COACH COM 60886R103 8,166 861,465 SH SOLE 0 0 861,465 MONMOUTH REAL ESTATE INVT CORP COM 609720107 302 37,750 SH SOLE 0 0 37,750 JPMORGAN CHASE & CO COM 46625H100 21,142 492,264 SH SOLE 0 0 492,264 MORGAN STANLEY ASIA PACIFIC FD COM 61744U106 265 14,700 SH SOLE 0 0 14,700 MUELLER WATER PRODUCTS COM 624758108 736 90,000 SH SOLE 0 0 90,000 MYLAN INC COM 628530107 12,385 1,067,720 SH SOLE 0 0 1,067,720 NAM TAI ELECTRONICS COM 629865205 1,100 114,600 SH SOLE 0 0 114,600 NANOPHASE TECHNOLOGIES COM 630079101 73 22,600 SH SOLE 0 0 22,600 NATIONAL WESTERN LIFE INSUR COM 638522102 11,211 51,716 SH SOLE 0 0 51,716 NAUTILUS GROUP COM 63910B102 41 12,550 SH SOLE 0 0 12,550 NAVARRE CORP COM 639208107 482 273,900 SH SOLE 0 0 273,900 NEOMAGIC CORP COM 640497202 233 179,660 SH SOLE 0 0 179,660 NETWORK EQUIPMENT TECHNOLOGIES COM 641208103 414 63,100 SH SOLE 0 0 63,100 NEWCASTLE INVESTMENT COM 65105M108 402 48,700 SH SOLE 0 0 48,700 NEWPORT CORP COM 651824104 4,718 422,425 SH SOLE 0 0 422,425 OFFICE DEPOT COM 676220106 3,728 337,400 SH SOLE 0 0 337,400 OLD REPUBLIC COM 680223104 1,326 102,725 SH SOLE 0 0 102,725 ON ASSIGNMENT COM 682159108 640 100,900 SH SOLE 0 0 100,900 ONE BEACON INSURANCE LTD COM G67742109 4,504 236,850 SH SOLE 0 0 236,850 PAMRAPO BANCORP COM 697738102 526 34,500 SH SOLE 0 0 34,500 PCTEL COM 69325Q105 163 24,100 SH SOLE 0 0 24,100 PDI INC COM 69329V100 1,160 137,850 SH SOLE 0 0 137,850 PEPSICO INC COM 713448108 2,097 29,053 SH SOLE 0 0 29,053 PETROLEUM DEVELOPMENT COM 716578109 346 5,000 SH SOLE 0 0 5,000 PF CHANGS CHINA BISTRO COM 69333Y108 1,097 38,600 SH SOLE 0 0 38,600 PFIZER INC COM 717081103 13,441 642,209 SH SOLE 0 0 642,209 PIPER JAFFRAY COM 724078100 512 15,100 SH SOLE 0 0 15,100 PLANAR SYSTEMS COM 726900103 56 14,000 SH SOLE 0 0 14,000 PMA CAPITAL CL A COM 693419202 119 14,000 SH SOLE 0 0 14,000 PNC FINANCIAL SERVICES GROUP COM 693475105 570 8,700 SH SOLE 0 0 8,700 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None POWERSHARES QQQ TRUST SERIES 1 COM 73935A104 398 9,105 SH SOLE 0 0 9,105 PRIMEENERGY CORP COM 74158E104 1,093 19,190 SH SOLE 0 0 19,190 PROCTER & GAMBLE COM 742718109 274 3,915 SH SOLE 0 0 3,915 PROSPECT CAPITAL COM 74348T102 610 40,100 SH SOLE 0 0 40,100 QUALCOMM COM 747525103 967 23,600 SH SOLE 0 0 23,600 QUANTA CAPITAL HOLDINGS COM G7313F106 43 25,000 SH SOLE 0 0 25,000 RAMCO GERSHENSON PROPERTIES TR COM 751452202 629 29,800 SH SOLE 0 0 29,800 REGAL-BELOIT COM 758750103 3,857 105,300 SH SOLE 0 0 105,300 REGENERON PHARMACEUTICALS COM 75886F107 209 10,900 SH SOLE 0 0 10,900 RELIANT ENERGY COM 75952B105 283 12,000 SH SOLE 0 0 12,000 REPUBLIC FIRST BANCORP COM 760416107 298 60,646 SH SOLE 0 0 60,646 RICHARDSON ELECTRONICS COM 763165107 82 19,524 SH SOLE 0 0 19,524 ROYAL DUTCH SHELL PLC ADR A COM 780259206 459 6,660 SH SOLE 0 0 6,660 ST JOE CO COM 790148100 376 8,780 SH SOLE 0 0 8,780 SAKS INC COM 79377W108 3,797 304,521 SH SOLE 0 0 304,521 SALISBURY BANCORP COM 795226109 2,344 74,550 SH SOLE 0 0 74,550 SANOFI AVENTIS COM 80105N105 435 11,600 SH SOLE 0 0 11,600 SAPIENT COM 803062108 779 112,000 SH SOLE 0 0 112,000 SCHEIN (HENRY) COM 806407102 1,601 27,900 SH SOLE 0 0 27,900 SCHLUMBERGER LTD COM 806857108 424 4,878 SH SOLE 0 0 4,878 SCHMITT INDUSTRIES COM 806870200 776 137,500 SH SOLE 0 0 137,500 SEABOARD CORP COM 811543107 485 310 SH SOLE 0 0 310 SENECA FOODS NEW COM 817070501 585 27,900 SH SOLE 0 0 27,900 SILICON IMAGE COM 82705T102 207 41,500 SH SOLE 0 0 41,500 SILICON STORAGE TECHNOLOGY COM 827057100 376 143,600 SH SOLE 0 0 143,600 SIMPSON MANUFACTURING COM 829073105 5,701 209,765 SH SOLE 0 0 209,765 SONOCO PRODUCTS COM 835495102 15,373 536,960 SH SOLE 0 0 536,960 SONOSITE COM 83568G104 1,885 66,320 SH SOLE 0 0 66,320 FINANCIAL SELECT SECTOR SPDR COM 81369Y605 630 25,350 SH SOLE 0 0 25,350 STONERIDGE COM 86183P102 1,702 126,600 SH SOLE 0 0 126,600 STRATTEC SECURITY COM 863111100 4,263 100,710 SH SOLE 0 0 100,710 SUPERIOR INDUSTRIES INTL COM 868168105 2,873 138,470 SH SOLE 0 0 138,470 SWISS HELVETIA FUND COM 870875101 9,361 576,800 SH SOLE 0 0 576,800 SYMMETRICOM INC COM 871543104 796 228,200 SH SOLE 0 0 228,200 SYNERON MEDICAL COM M87245102 212 14,600 SH SOLE 0 0 14,600 TARGET CORP COM 87612E106 874 17,264 SH SOLE 0 0 17,264 TELLABS COM 879664100 546 100,200 SH SOLE 0 0 100,200 TERADYNE COM 880770102 10,343 832,785 SH SOLE 0 0 832,785 TEXAS INSTRUMENTS COM 882508104 204 7,250 SH SOLE 0 0 7,250 THERMO FISHER SCIENTIFIC COM 883556102 4,872 85,725 SH SOLE 0 0 85,725 TIME WARNER COM 887317105 2,077 148,196 SH SOLE 0 0 148,196 TRANSWITCH CORP COM 894065101 45 60,000 SH SOLE 0 0 60,000 TRINITY INDUSTRIES COM 896522109 692 26,000 SH SOLE 0 0 26,000 UNITED CAPITAL COM 909912107 446 20,550 SH SOLE 0 0 20,550 UNITED PARCEL SERVICE COM 911312106 18,451 252,696 SH SOLE 0 0 252,696 U S CONCRETE COM 90333L102 133 35,000 SH SOLE 0 0 35,000 USEC INC COM 90333E108 96 26,000 SH SOLE 0 0 26,000 US GYPSUM COM 903293405 10,091 274,075 SH SOLE 0 0 274,075 UTSTARCOM INC COM 918076100 1,097 386,540 SH SOLE 0 0 386,540 VALENCE TECH COM 918914102 1,133 257,100 SH SOLE 0 0 257,100 VERIZON COMMUNICATIONS COM 92343V104 290 7,977 SH SOLE 0 0 7,977 Shufro, Rose & CO LLC Page: 6 Form 13F Information Table As of Date: 3/31/2008 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Oth Voting Authority Shared None (X $1000) Prn Amt Prn Call Dscretn Mgrs Sole Shared None VIACOM CLASS B COM 92553P201 319 8,054 SH SOLE 0 0 8,054 VISHAY INTERTECHNOLOGY COM 928298108 674 74,400 SH SOLE 0 0 74,400 VODAFONE GROUP PLC NEW COM 92857W209 600 20,335 SH SOLE 0 0 20,335 WABASH NATIONAL COM 929566107 4,191 466,200 SH SOLE 0 0 466,200 WAL-MART STORES COM 931142103 20,165 382,801 SH SOLE 0 0 382,801 WARWICK VALLEY TELEPHONE COM 936750108 141 12,000 SH SOLE 0 0 12,000 WASHINGTON POST COM 939640108 1,141 1,726 SH SOLE 0 0 1,726 WATSON PHARMACEUTICALS COM 942683103 11,698 399,005 SH SOLE 0 0 399,005 WELLPOINT INC COM 94973V107 842 19,100 SH SOLE 0 0 19,100 WESTERN UNION COM 959802109 521 24,500 SH SOLE 0 0 24,500 WESTLAKE CHEMICAL COM 960413102 8,458 648,180 SH SOLE 0 0 648,180 WHIRLPOOL CORP COM 963320106 8,834 101,798 SH SOLE 0 0 101,798 WILLOW FINANCIAL BANCORP COM 97111W101 433 58,700 SH SOLE 0 0 58,700 WRIGLEY WILLIAM JR COM 982526105 4,954 78,840 SH SOLE 0 0 78,840 WSB FINANCIAL GROUP COM 92933E108 126 25,000 SH SOLE 0 0 25,000 WYETH COM 983024100 903 21,632 SH SOLE 0 0 21,632 3COM COM 885535104 82 36,000 SH SOLE 0 0 36,000 3M COMPANY COM 88579Y101 29,634 374,412 SH SOLE 0 0 374,412 Line Count: 273