13F-HR 1 shufrorose12312010.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: December 31, 2010 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 February 2, 2011 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: 12/31/10 RUN DATE: 2/2/11 03:10 P.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 242 FORM 13F INFORMATION TABLE VALUE TOTAL: $811,187,152.24 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 12/31/2010 - 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 MUNIHOLDINGS NY INSD FUND 09255C106 232 17,271 SH SOLE 0 0 17,271 BLACKROCK MUNIYIELD NY INSD FD FUND 09255E102 254 20,500 SH SOLE 0 0 20,500 WESTERN ASSET MUN PARTNERS FD FUND 95766P108 210 15,900 SH SOLE 0 0 15,900 NETWORK EQP CV 7.25% 5-15-14 CONV BND 641208AA1 2,856 3,321,000 PRN SOLE 0 0 3,321,000 HORNBECK 1.625% 11-15-26 BOND 440543AE6 884 965,000 PRN SOLE 0 0 965,000 BLACKROCK FLT RT STRATEGIES FD FUND 09255X100 1,070 71,950 SH SOLE 0 0 71,950 DREYFUS HIGH YIELD STRATEGIES FUND 26200S101 66 15,000 SH SOLE 0 0 15,000 DWS MULTI MKT INCOME TR FUND 23338L108 665 67,200 SH SOLE 0 0 67,200 EATON VANCE FL RT INCOME TRUST FUND 278279104 184 11,500 SH SOLE 0 0 11,500 EATON VANCE LTD DURATION INC FUND 27828H105 796 49,651 SH SOLE 0 0 49,651 NUVEEN (JTP) QLTY PFD INC FUND FUND 67071S101 116 15,800 SH SOLE 0 0 15,800 NUVEEN (JHP) QLTY PFD INC FD 3 FUND 67072W101 141 18,350 SH SOLE 0 0 18,350 NUVEEN MULTI-STRATEGY INCOME & FUND 67073B106 83 10,000 SH SOLE 0 0 10,000 NUVEEN MULTI-STRATEGY INC AND FUND 67073D102 143 16,300 SH SOLE 0 0 16,300 PIMCO FLOATING RATE INCOME FD FUND 72201H108 502 43,700 SH SOLE 0 0 43,700 PIMCO (PFN) FLOAT STRATEGY FD FUND 72201J104 314 31,800 SH SOLE 0 0 31,800 PUTNAM PREMIER INCOME TRUST FUND 746853100 112 17,920 SH SOLE 0 0 17,920 WESTERN ASSET GLBL PTNS INC FD FUND 95766G108 216 18,200 SH SOLE 0 0 18,200 ABB LTD SPONSORED ADR COM 000375204 327 14,600 SH SOLE 0 0 14,600 ACUSPHERE INC COM 00511R870 1 16,000 SH SOLE 0 0 16,000 ADPT CORPORATION COM 00101B103 133 45,500 SH SOLE 0 0 45,500 ADVANCED ENERGY INDUSTRIES INC COM 007973100 378 27,770 SH SOLE 0 0 27,770 AGILYSYS COM 00847J105 4,827 857,495 SH SOLE 0 0 857,495 AGRIUM INC COM 008916108 11,135 121,365 SH SOLE 0 0 121,365 AMERICAN EAGLE OUTFITTERS COM 02553E106 2,565 175,385 SH SOLE 0 0 175,385 AMERICAN EXPRESS COM 025816109 291 6,800 SH SOLE 0 0 6,800 AMERICAN SOFTWARE COM 029683109 189 28,050 SH SOLE 0 0 28,050 AMGEN INC COM 031162100 6,941 126,445 SH SOLE 0 0 126,445 APPLE COMPUTER COM 037833100 308 955 SH SOLE 0 0 955 APPLIED MATERIALS COM 038222105 1,089 77,568 SH SOLE 0 0 77,568 AT&T INC COM 00206R102 982 33,448 SH SOLE 0 0 33,448 ATLANTIC AMERICAN CORP COM 048209100 161 79,800 SH SOLE 0 0 79,800 AUDIOCODES LTD ORD COM M15342104 67 11,500 SH SOLE 0 0 11,500 AUTOMATIC DATA PROCESSING COM 053015103 8,792 189,995 SH SOLE 0 0 189,995 AVERY DENNISON COM 053611109 17,996 425,055 SH SOLE 0 0 425,055 AVX COM 002444107 10,057 651,840 SH SOLE 0 0 651,840 BAJA MINING CORP COM 05709R103 28 25,000 SH SOLE 0 0 25,000 BANK OF AMERICA COM 060505104 1,191 89,338 SH SOLE 0 0 89,338 BANK OF NEW YORK MELLON COM 064058100 533 17,665 SH SOLE 0 0 17,665 BAR HARBOR BANKSHARES COM 066849100 6,924 237,300 SH SOLE 0 0 237,300 BCB BANCORP INC (NJ) COM 055298103 489 49,900 SH SOLE 0 0 49,900 BERKSHIRE BANCORP COM 084597202 428 78,856 SH SOLE 0 0 78,856 BERKSHIRE HATHAWAY A SHARES COM 084670108 2,168 18 SH SOLE 0 0 18 BERKSHIRE HATHAWAY B SHARES COM 084670702 5,205 64,983 SH SOLE 0 0 64,983 BIODELIVERY SCIENCES INTL COM 09060J106 186 52,400 SH SOLE 0 0 52,400 BOARDWALK PIPELINE PARTNERS COM 096627104 326 10,500 SH SOLE 0 0 10,500 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 104 15,900 SH SOLE 0 0 15,900 BP PLC COM 055622104 1,182 26,764 SH SOLE 0 0 26,764 BRESLER & REINER COM 107336109 6 10,100 SH SOLE 0 0 10,100 BRISTOL-MYERS SQUIBB COM 110122108 296 11,205 SH SOLE 0 0 11,205 BROWN SHOE COMPANY COM 115736100 3,553 255,100 SH SOLE 0 0 255,100 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 12/31/2010 - 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 CAMAC ENERGY COM 131745101 420 211,200 SH SOLE 0 0 211,200 CARLISLE COMPANIES COM 142339100 305 7,700 SH SOLE 0 0 7,700 CARNIVAL CRUISE LINES COM 143658300 485 10,528 SH SOLE 0 0 10,528 CARRIAGE SERVICES COM 143905107 235 48,650 SH SOLE 0 0 48,650 CEDAR SHOPPING CENTERS COM 150602209 1,010 160,675 SH SOLE 0 0 160,675 CEMEX ADR COM 151290889 321 30,064 SH SOLE 0 0 30,064 CENTRUE FINANCIAL COM 15643B106 16 17,300 SH SOLE 0 0 17,300 CHESAPEAKE ENERGY COM 165167107 374 14,450 SH SOLE 0 0 14,450 CHEVRON CORP COM 166764100 3,427 37,562 SH SOLE 0 0 37,562 CHICOS FAS COM 168615102 9,267 770,375 SH SOLE 0 0 770,375 CISCO SYSTEMS COM 17275R102 5,292 261,616 SH SOLE 0 0 261,616 CITADEL BROADCASTING COM 17285T106 0 12,048 SH SOLE 0 0 12,048 CITIGROUP COM 172967101 2,070 437,746 SH SOLE 0 0 437,746 COCA-COLA COM 191216100 252 3,838 SH SOLE 0 0 3,838 COHEN & STEERS INFRASTRUCT FD COM 19248A109 282 17,207 SH SOLE 0 0 17,207 COMCAST NEW CLASS A COM 20030N101 280 12,758 SH SOLE 0 0 12,758 COMMERCIAL METALS COM 201723103 1,040 62,700 SH SOLE 0 0 62,700 COMPUTER SCIENCES COM 205363104 6,053 122,050 SH SOLE 0 0 122,050 CONOCOPHILLIPS COM 20825C104 743 10,914 SH SOLE 0 0 10,914 COPART INC COM 217204106 4,397 117,750 SH SOLE 0 0 117,750 CORNING COM 219350105 424 21,983 SH SOLE 0 0 21,983 CRAY INC COM 225223304 107 15,000 SH SOLE 0 0 15,000 CVS CAREMARK COM 126650100 2,563 73,740 SH SOLE 0 0 73,740 DELL INC COM 24702R101 308 22,775 SH SOLE 0 0 22,775 DISNEY WALT COM 254687106 3,680 98,133 SH SOLE 0 0 98,133 DONEGAL GROUP COM 257701201 353 24,430 SH SOLE 0 0 24,430 DOT HILL SYSTEMS COM 25848T109 71 41,000 SH SOLE 0 0 41,000 DOVER CORP COM 260003108 721 12,345 SH SOLE 0 0 12,345 DRESSER RAND GROUP COM 261608103 276 6,500 SH SOLE 0 0 6,500 D R HORTON COM 23331A109 222 18,620 SH SOLE 0 0 18,620 DRUGSTORE.COM COM 262241102 44 20,000 SH SOLE 0 0 20,000 DUPONT COM 263534109 15,778 316,333 SH SOLE 0 0 316,333 DVL INC COM 233347103 2 21,302 SH SOLE 0 0 21,302 EAGLE MATERIALS COM 26969P108 2,228 78,890 SH SOLE 0 0 78,890 EL PASO CORPORATION COM 28336L109 368 26,800 SH SOLE 0 0 26,800 EMERSON ELECTRIC COM 291011104 308 5,400 SH SOLE 0 0 5,400 ENERGY TRANSFER PARTNERS COM 29273R109 237 4,590 SH SOLE 0 0 4,590 ENER1 INC COM 29267A203 155 40,945 SH SOLE 0 0 40,945 ENERPLUS RESOURCES TRUST (ERF) COM 29274D604 428 13,900 SH SOLE 0 0 13,900 ENZO BIOCHEM COM 294100102 148 28,164 SH SOLE 0 0 28,164 ETHAN ALLEN INTERIORS COM 297602104 4,247 212,255 SH SOLE 0 0 212,255 EUROPEAN EQUITY FUND COM 298768102 766 100,560 SH SOLE 0 0 100,560 EXCAPSA SOFTWARE COM 30066E107 0 38,000 SH SOLE 0 0 38,000 EXELON CORP COM 30161N101 24,462 587,470 SH SOLE 0 0 587,470 EXXON MOBIL COM 30231G102 28,521 390,060 SH SOLE 0 0 390,060 FARMERS & MERCHANTS BANK COM 308243104 238 60 SH SOLE 0 0 60 FIRST BANK OF DELAWARE COM 319307104 176 104,786 SH SOLE 0 0 104,786 FIRST CITIZENS BANCORP SC COM 319460101 2,375 4,657 SH SOLE 0 0 4,657 FIRST NATIONAL BANK ALASKA COM 32112J106 4,263 2,382 SH SOLE 0 0 2,382 FLEXIINTERNATIONAL SOFTWARE COM 338923105 10 75,000 SH SOLE 0 0 75,000 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 7,441 947,924 SH SOLE 0 0 947,924 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 12/31/2010 - 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 FORD MOTOR CO COM 345370860 268 16,002 SH SOLE 0 0 16,002 FREIGHTCAR AMERICA COM 357023100 9,211 318,280 SH SOLE 0 0 318,280 FRIEDMAN INDUSTRIES COM 358435105 1,180 134,900 SH SOLE 0 0 134,900 FRONTIER OIL COM 35914P105 426 23,700 SH SOLE 0 0 23,700 FULL METAL MINERALS COM 35968C109 3 10,000 SH SOLE 0 0 10,000 GARMIN LTD COM H2906T109 485 15,660 SH SOLE 0 0 15,660 GENCO SHIPPING & TRADING COM Y2685T107 194 13,500 SH SOLE 0 0 13,500 GENERAL ELECTRIC COM 369604103 27,925 1,526,816 SH SOLE 0 0 1,526,816 GERON CORP COM 374163103 564 108,900 SH SOLE 0 0 108,900 GETTY REALTY COM 374297109 205 6,561 SH SOLE 0 0 6,561 GREATER CHINA FUND COM 39167B102 1,091 83,041 SH SOLE 0 0 83,041 GUARANTY BANCORP COM 40075T102 40 28,700 SH SOLE 0 0 28,700 HARDINGE INC COM 412324303 403 41,450 SH SOLE 0 0 41,450 HARRIS & HARRIS GROUP COM 413833104 2,712 619,200 SH SOLE 0 0 619,200 HARSCO CORP COM 415864107 1,757 62,050 SH SOLE 0 0 62,050 HCC INSURANCE HOLDINGS COM 404132102 10,180 351,795 SH SOLE 0 0 351,795 HEWLETT PACKARD COM 428236103 13,260 314,967 SH SOLE 0 0 314,967 HOME DEPOT COM 437076102 1,374 39,208 SH SOLE 0 0 39,208 HUDSON CITY BANCORP COM 443683107 14,376 1,128,470 SH SOLE 0 0 1,128,470 HUDSON HOLDING COM 443793104 3 30,000 SH SOLE 0 0 30,000 ILLINOIS TOOL WORKS COM 452308109 8,500 159,180 SH SOLE 0 0 159,180 IMMUCELL CORP NEW COM 452525306 32 10,000 SH SOLE 0 0 10,000 INTEL COM 458140100 26,392 1,255,003 SH SOLE 0 0 1,255,003 INTL BUSINESS MACHINES COM 459200101 1,882 12,829 SH SOLE 0 0 12,829 INTL COAL GROUP COM 45928H106 1,352 174,715 SH SOLE 0 0 174,715 INTL PAPER COM 460146103 9,285 340,874 SH SOLE 0 0 340,874 INTL RECTIFIER COM 460254105 12,127 408,465 SH SOLE 0 0 408,465 ISTA PHARMACEUTICALS COM 45031X204 100 19,500 SH SOLE 0 0 19,500 ITT CORPORATION COM 450911102 26,752 513,383 SH SOLE 0 0 513,383 JACOBS ENGINEERING GROUP COM 469814107 5,198 113,380 SH SOLE 0 0 113,380 JAPAN EQUITY FUND COM 471057109 4,354 710,356 SH SOLE 0 0 710,356 JAPAN SMALLER CAP FUND COM 47109U104 3,681 410,450 SH SOLE 0 0 410,450 JETBLUE AIRWAYS COM 477143101 206 31,300 SH SOLE 0 0 31,300 JOHNSON & JOHNSON COM 478160104 20,571 332,604 SH SOLE 0 0 332,604 JOY GLOBAL COM 481165108 312 3,600 SH SOLE 0 0 3,600 KADANT COM 48282T104 7,715 327,350 SH SOLE 0 0 327,350 KELLY SERVICES CL A COM 488152208 8,647 459,950 SH SOLE 0 0 459,950 KIMBERLY-CLARK COM 494368103 330 5,250 SH SOLE 0 0 5,250 KKR FINANCIAL HOLDINGS COM 48248A306 159 17,100 SH SOLE 0 0 17,100 KRATOS DEFENSE & SEC SOLUTIONS COM 50077B207 4,379 332,570 SH SOLE 0 0 332,570 KREISLER MANUFACTURING COM 500773106 42 10,500 SH SOLE 0 0 10,500 LAKELAND INDUSTRIES COM 511795106 2,239 255,997 SH SOLE 0 0 255,997 LEGG MASON COM 524901105 841 23,200 SH SOLE 0 0 23,200 LEXINGTON PROPERTY TRUST COM 529043101 209 26,400 SH SOLE 0 0 26,400 LOUISIANA PACIFIC COM 546347105 231 24,500 SH SOLE 0 0 24,500 LSI CORPORATION COM 502161102 186 31,214 SH SOLE 0 0 31,214 L 3 COMMUNICATIONS HOLDINGS COM 502424104 6,185 87,755 SH SOLE 0 0 87,755 M & T BANK CORP COM 55261F104 1,521 17,477 SH SOLE 0 0 17,477 MARTEK BIOSCIENCES COM 572901106 11,984 382,900 SH SOLE 0 0 382,900 MCCORMICK SCHMICKS SEAFOOD RES COM 579793100 717 78,900 SH SOLE 0 0 78,900 MEADOWBROOK INSURANCE GROUP COM 58319P108 838 81,800 SH SOLE 0 0 81,800 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 12/31/2010 - 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 MEDTRONIC COM 585055106 12,945 349,033 SH SOLE 0 0 349,033 MERCK & CO COM 58933Y105 711 19,738 SH SOLE 0 0 19,738 MEREDITH CORP COM 589433101 9,103 262,740 SH SOLE 0 0 262,740 MERITOR SAVINGS BANK COM 590007100 1,326 566,800 SH SOLE 0 0 566,800 METLIFE COM 59156R108 10,345 232,805 SH SOLE 0 0 232,805 MFS INTERMED INCOME TRUST COM 55273C107 117 18,690 SH SOLE 0 0 18,690 MICRONETICS INC COM 595125105 72 16,100 SH SOLE 0 0 16,100 MICROSOFT COM 594918104 12,004 430,130 SH SOLE 0 0 430,130 MIDDLEBURG FINANCIAL CORP COM 596094102 1,591 111,576 SH SOLE 0 0 111,576 MOBILE MINI COM 60740F105 10,497 533,150 SH SOLE 0 0 533,150 MONMOUTH REAL ESTATE INVT CORP COM 609720107 347 40,850 SH SOLE 0 0 40,850 JPMORGAN CHASE & CO COM 46625H100 14,423 340,013 SH SOLE 0 0 340,013 MUELLER WATER PRODUCTS COM 624758108 359 86,300 SH SOLE 0 0 86,300 MYLAN INC COM 628530107 206 9,770 SH SOLE 0 0 9,770 NAM TAI ELECTRONICS COM 629865205 69 10,900 SH SOLE 0 0 10,900 NATIONAL FUEL GAS COM 636180101 256 3,910 SH SOLE 0 0 3,910 NATIONAL WESTERN LIFE INSUR COM 638522102 9,647 57,866 SH SOLE 0 0 57,866 NAVARRE CORP COM 639208107 50 24,000 SH SOLE 0 0 24,000 NAVIOS MARITIME COM Y62196103 124 23,500 SH SOLE 0 0 23,500 NESTLE SA ADR COM 641069406 491 8,375 SH SOLE 0 0 8,375 NEWCASTLE INVESTMENT COM 65105M108 74 11,100 SH SOLE 0 0 11,100 NEWPORT CORP COM 651824104 12,144 699,175 SH SOLE 0 0 699,175 NVIDIA COM 67066G104 254 16,520 SH SOLE 0 0 16,520 OLD REPUBLIC COM 680223104 943 69,225 SH SOLE 0 0 69,225 OMEGA PROTEIN COM 68210P107 1,253 154,700 SH SOLE 0 0 154,700 ONE BEACON INSURANCE LTD COM G67742109 328 21,700 SH SOLE 0 0 21,700 ORBOTECH LTD-ORD COM M75253100 130 10,000 SH SOLE 0 0 10,000 OVERSEAS SHIPHOLDING GROUP COM 690368105 734 20,745 SH SOLE 0 0 20,745 PDL BIOPHARMA COM 69329Y104 84 13,500 SH SOLE 0 0 13,500 PENN VIRGINIA GP HOLDINGS COM 70788P105 1,202 45,700 SH SOLE 0 0 45,700 PEPSICO INC COM 713448108 1,163 17,807 SH SOLE 0 0 17,807 PETROLEUM DEVELOPMENT COM 716578109 2,321 55,000 SH SOLE 0 0 55,000 PFIZER INC COM 717081103 11,202 639,797 SH SOLE 0 0 639,797 PHILIPS ELECTRONICS COM 500472303 327 10,684 SH SOLE 0 0 10,684 POLYCOM COM 73172K104 432 11,100 SH SOLE 0 0 11,100 PRIMEENERGY CORP COM 74158E104 412 21,300 SH SOLE 0 0 21,300 PROCTER & GAMBLE COM 742718109 386 6,002 SH SOLE 0 0 6,002 PROSPECT CAPITAL COM 74348T102 1,681 155,700 SH SOLE 0 0 155,700 QUALCOMM COM 747525103 1,435 29,000 SH SOLE 0 0 29,000 QUEST DIAGNOSTICS COM 74834L100 7,344 136,090 SH SOLE 0 0 136,090 RAMCO GERSHENSON PROPERTIES TR COM 751452202 803 64,500 SH SOLE 0 0 64,500 REGAL-BELOIT COM 758750103 2,236 33,500 SH SOLE 0 0 33,500 RESEARCH FRONTIERS COM 760911107 60 11,300 SH SOLE 0 0 11,300 ROCKWELL AUTOMATION COM 773903109 19,711 274,877 SH SOLE 0 0 274,877 ROYAL DUTCH SHELL PLC ADR A COM 780259206 378 5,670 SH SOLE 0 0 5,670 SALISBURY BANCORP COM 795226109 2,124 84,250 SH SOLE 0 0 84,250 SANOFI AVENTIS COM 80105N105 383 11,900 SH SOLE 0 0 11,900 SCHEIN (HENRY) COM 806407102 957 15,600 SH SOLE 0 0 15,600 SCHLUMBERGER LTD COM 806857108 254 3,050 SH SOLE 0 0 3,050 SCHMITT INDUSTRIES COM 806870200 374 127,900 SH SOLE 0 0 127,900 SEABOARD CORP COM 811543107 318 160 SH SOLE 0 0 160 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 12/31/2010 - 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 SE FINANCIAL COM 78412R108 251 34,745 SH SOLE 0 0 34,745 SENECA FOODS NEW COM 817070501 1,187 44,000 SH SOLE 0 0 44,000 SIMPSON MANUFACTURING COM 829073105 7,098 229,660 SH SOLE 0 0 229,660 SKECHERS USA COM 830566105 4,380 219,020 SH SOLE 0 0 219,020 SONOCO PRODUCTS COM 835495102 20,256 601,623 SH SOLE 0 0 601,623 SONOSITE COM 83568G104 1,510 47,800 SH SOLE 0 0 47,800 SOUTHWEST AIRLINES COM 844741108 175 13,500 SH SOLE 0 0 13,500 STRATTEC SECURITY COM 863111100 4,893 146,630 SH SOLE 0 0 146,630 SUNCOR ENERGY NEW COM 867224107 299 7,810 SH SOLE 0 0 7,810 SUPERIOR INDUSTRIES INTL COM 868168105 3,724 175,530 SH SOLE 0 0 175,530 SWISS HELVETIA FUND COM 870875101 7,151 528,172 SH SOLE 0 0 528,172 SYMMETRICOM INC COM 871543104 634 89,500 SH SOLE 0 0 89,500 SYNERON MEDICAL COM M87245102 153 15,100 SH SOLE 0 0 15,100 SYSCO CORP COM 871829107 358 12,190 SH SOLE 0 0 12,190 TARGET CORP COM 87612E106 941 15,664 SH SOLE 0 0 15,664 TEMPLETON DRAGON FD COM 88018T101 985 32,100 SH SOLE 0 0 32,100 TERADYNE COM 880770102 1,988 141,625 SH SOLE 0 0 141,625 TEVA PHARMACEUTICAL COM 881624209 421 8,085 SH SOLE 0 0 8,085 TEXAS INSTRUMENTS COM 882508104 31,588 971,947 SH SOLE 0 0 971,947 THERMO FISHER SCIENTIFIC COM 883556102 11,963 216,100 SH SOLE 0 0 216,100 TIME WARNER CABLE COM 88732J207 373 5,659 SH SOLE 0 0 5,659 TIME WARNER COM 887317303 1,109 34,476 SH SOLE 0 0 34,476 TRINITY INDUSTRIES COM 896522109 673 25,300 SH SOLE 0 0 25,300 UNILEVER PLC COM 904767704 2,149 69,594 SH SOLE 0 0 69,594 UNITED CAPITAL COM 909912107 341 10,519 SH SOLE 0 0 10,519 UNITED PARCEL SERVICE COM 911312106 18,023 248,320 SH SOLE 0 0 248,320 US GYPSUM COM 903293405 2,630 156,295 SH SOLE 0 0 156,295 VALENCE TECH COM 918914102 35 21,000 SH SOLE 0 0 21,000 VERIZON COMMUNICATIONS COM 92343V104 1,016 28,407 SH SOLE 0 0 28,407 VISHAY INTERTECHNOLOGY COM 928298108 372 25,350 SH SOLE 0 0 25,350 VITESSE SEMICONDUCTOR COM 928497304 57 13,625 SH SOLE 0 0 13,625 VODAFONE GROUP PLC NEW COM 92857W209 1,467 55,507 SH SOLE 0 0 55,507 WAL-MART STORES COM 931142103 18,136 336,298 SH SOLE 0 0 336,298 WARWICK VALLEY TELEPHONE COM 936750108 171 12,400 SH SOLE 0 0 12,400 WASHINGTON POST COM 939640108 2,518 5,731 SH SOLE 0 0 5,731 WHIRLPOOL CORP COM 963320106 8,279 93,205 SH SOLE 0 0 93,205 WOODWARD GOVERNOR COM 980745103 300 8,000 SH SOLE 0 0 8,000 3M COMPANY COM 88579Y101 10,364 120,100 SH SOLE 0 0 120,100 Line Count: 242