13F-HR 1 shufrorose03312011.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, 2011 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 April 28, 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: 03/31/11 RUN DATE: 4/28/11 11:17 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 238 FORM 13F INFORMATION TABLE VALUE TOTAL: $808,125,168.56 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 3/31/2011 - 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 222 17,271 SH SOLE 0 0 17,271 BLACKROCK MUNIYIELD NY INSD FD FUND 09255E102 267 22,000 SH SOLE 0 0 22,000 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 2,979 3,311,000 PRN SOLE 0 0 3,311,000 HORNBECK 1.625% 11-15-26 CONV BND 440543AE6 948 965,000 PRN SOLE 0 0 965,000 BLACKROCK FLT RT STRATEGIES FD FUND 09255X100 1,122 71,950 SH SOLE 0 0 71,950 DREYFUS HIGH YIELD STRATEGIES FUND 26200S101 70 15,000 SH SOLE 0 0 15,000 DWS MULTI MKT INCOME TR FUND 23338L108 712 67,200 SH SOLE 0 0 67,200 EATON VANCE FL RT INCOME TRUST FUND 278279104 189 11,500 SH SOLE 0 0 11,500 EATON VANCE LTD DURATION INC FUND 27828H105 670 41,951 SH SOLE 0 0 41,951 NUVEEN (JTP) QLTY PFD INC FUND FUND 67071S101 121 15,800 SH SOLE 0 0 15,800 NUVEEN (JHP) QLTY PFD INC FD 3 FUND 67072W101 147 18,350 SH SOLE 0 0 18,350 NUVEEN MULTI-STRATEGY INCOME & FUND 67073B106 84 10,000 SH SOLE 0 0 10,000 NUVEEN MULTI-STRATEGY INC AND FUND 67073D102 145 16,300 SH SOLE 0 0 16,300 PIMCO FLOATING RATE INCOME FD FUND 72201H108 522 43,700 SH SOLE 0 0 43,700 PIMCO (PFN) FLOAT STRATEGY FD FUND 72201J104 331 31,800 SH SOLE 0 0 31,800 PUTNAM PREMIER INCOME TRUST FUND 746853100 129 19,920 SH SOLE 0 0 19,920 WESTERN ASSET GLBL PTNS INC FD FUND 95766G108 234 18,200 SH SOLE 0 0 18,200 ABB LTD SPONSORED ADR COM 000375204 440 18,200 SH SOLE 0 0 18,200 ABBOTT LABORATORIES COM 002824100 5,921 120,718 SH SOLE 0 0 120,718 ACUSPHERE INC COM 00511R870 1 16,000 SH SOLE 0 0 16,000 ADPT CORPORATION COM 00101B103 29 10,000 SH SOLE 0 0 10,000 ADVANCED ENERGY INDUSTRIES INC COM 007973100 454 27,770 SH SOLE 0 0 27,770 AGILYSYS COM 00847J105 3,864 673,175 SH SOLE 0 0 673,175 AGRIUM INC COM 008916108 9,976 108,140 SH SOLE 0 0 108,140 AMERICAN EAGLE OUTFITTERS COM 02553E106 3,949 248,555 SH SOLE 0 0 248,555 AMERICAN EXPRESS COM 025816109 287 6,350 SH SOLE 0 0 6,350 AMERICAN SOFTWARE COM 029683109 207 28,050 SH SOLE 0 0 28,050 AMGEN INC COM 031162100 7,045 131,815 SH SOLE 0 0 131,815 APPLE COMPUTER COM 037833100 263 755 SH SOLE 0 0 755 APPLIED MATERIALS COM 038222105 1,179 75,508 SH SOLE 0 0 75,508 AT&T INC COM 00206R102 933 30,512 SH SOLE 0 0 30,512 ATLANTIC AMERICAN CORP COM 048209100 171 79,800 SH SOLE 0 0 79,800 AUTOMATIC DATA PROCESSING COM 053015103 9,692 188,895 SH SOLE 0 0 188,895 AVERY DENNISON COM 053611109 19,028 453,500 SH SOLE 0 0 453,500 AVX COM 002444107 9,671 648,640 SH SOLE 0 0 648,640 BAJA MINING CORP COM 05709R103 100 92,500 SH SOLE 0 0 92,500 BANK OF AMERICA COM 060505104 1,146 85,988 SH SOLE 0 0 85,988 BANK OF NEW YORK MELLON COM 064058100 517 17,315 SH SOLE 0 0 17,315 BAR HARBOR BANKSHARES COM 066849100 7,185 235,600 SH SOLE 0 0 235,600 BCB BANCORP INC (NJ) COM 055298103 513 49,900 SH SOLE 0 0 49,900 BERKSHIRE BANCORP COM 084597202 488 78,856 SH SOLE 0 0 78,856 BERKSHIRE HATHAWAY A SHARES COM 084670108 2,004 16 SH SOLE 0 0 16 BERKSHIRE HATHAWAY B SHARES COM 084670702 5,367 64,183 SH SOLE 0 0 64,183 BIODELIVERY SCIENCES INTL COM 09060J106 176 49,900 SH SOLE 0 0 49,900 BLYTH INC COM 09643P207 6,908 212,635 SH SOLE 0 0 212,635 BOARDWALK PIPELINE PARTNERS COM 096627104 342 10,500 SH SOLE 0 0 10,500 BOSTON PRIVATE FINANCIAL HLDGS COM 101119105 72 10,300 SH SOLE 0 0 10,300 BP PLC COM 055622104 1,181 26,764 SH SOLE 0 0 26,764 BRESLER & REINER COM 107336109 11 10,100 SH SOLE 0 0 10,100 BRISTOL-MYERS SQUIBB COM 110122108 296 11,205 SH SOLE 0 0 11,205 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 3/31/2011 - 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 BROWN SHOE COMPANY COM 115736100 3,455 282,800 SH SOLE 0 0 282,800 CAMAC ENERGY COM 131745101 429 286,200 SH SOLE 0 0 286,200 CARNIVAL CRUISE LINES COM 143658300 303 7,900 SH SOLE 0 0 7,900 CARRIAGE SERVICES COM 143905107 268 48,650 SH SOLE 0 0 48,650 CEDAR SHOPPING CENTERS COM 150602209 941 156,175 SH SOLE 0 0 156,175 CEMEX ADR COM 151290889 279 31,267 SH SOLE 0 0 31,267 CENTRUE FINANCIAL COM 15643B106 8 17,300 SH SOLE 0 0 17,300 CHESAPEAKE ENERGY COM 165167107 494 14,750 SH SOLE 0 0 14,750 CHEVRON CORP COM 166764100 3,836 35,712 SH SOLE 0 0 35,712 CHICOS FAS COM 168615102 10,970 736,275 SH SOLE 0 0 736,275 CISCO SYSTEMS COM 17275R102 6,732 392,566 SH SOLE 0 0 392,566 CITADEL BROADCASTING COM 17285T106 0 11,985 SH SOLE 0 0 11,985 CITIGROUP COM 172967101 1,987 449,586 SH SOLE 0 0 449,586 COCA-COLA COM 191216100 254 3,838 SH SOLE 0 0 3,838 COHEN STEERS QLTY INC RLTY FD COM 19247L106 110 11,035 SH SOLE 0 0 11,035 COHEN & STEERS INFRASTRUCT FD COM 19248A109 303 17,207 SH SOLE 0 0 17,207 COMMERCIAL METALS COM 201723103 1,082 62,700 SH SOLE 0 0 62,700 COMPUTER SCIENCES COM 205363104 7,203 147,830 SH SOLE 0 0 147,830 CONOCOPHILLIPS COM 20825C104 776 9,720 SH SOLE 0 0 9,720 COPART INC COM 217204106 2,064 47,653 SH SOLE 0 0 47,653 CORNING COM 219350105 447 21,683 SH SOLE 0 0 21,683 CRAY INC COM 225223304 96 15,000 SH SOLE 0 0 15,000 CENTURYTEL COM 156700106 660 15,900 SH SOLE 0 0 15,900 CVS CAREMARK COM 126650100 2,828 82,425 SH SOLE 0 0 82,425 DELL INC COM 24702R101 263 18,175 SH SOLE 0 0 18,175 DISNEY WALT COM 254687106 4,165 96,671 SH SOLE 0 0 96,671 DONEGAL GROUP COM 257701201 326 24,430 SH SOLE 0 0 24,430 DOT HILL SYSTEMS COM 25848T109 56 20,000 SH SOLE 0 0 20,000 D R HORTON COM 23331A109 204 17,570 SH SOLE 0 0 17,570 DUPONT COM 263534109 13,662 248,548 SH SOLE 0 0 248,548 EAGLE MATERIALS COM 26969P108 2,354 77,800 SH SOLE 0 0 77,800 EL PASO CORPORATION COM 28336L109 468 26,000 SH SOLE 0 0 26,000 EMERSON ELECTRIC COM 291011104 280 4,800 SH SOLE 0 0 4,800 ENERGY TRANSFER PARTNERS COM 29273R109 237 4,590 SH SOLE 0 0 4,590 ENER1 INC COM 29267A203 114 38,545 SH SOLE 0 0 38,545 ENERPLUS CORPORATION (ERF) COM 292766102 424 13,400 SH SOLE 0 0 13,400 ENZO BIOCHEM COM 294100102 111 26,664 SH SOLE 0 0 26,664 ETHAN ALLEN INTERIORS COM 297602104 4,441 202,805 SH SOLE 0 0 202,805 EUROPEAN EQUITY FUND COM 298768102 551 68,293 SH SOLE 0 0 68,293 EXCAPSA SOFTWARE COM 30066E107 0 38,000 SH SOLE 0 0 38,000 EXELON CORP COM 30161N101 25,792 625,435 SH SOLE 0 0 625,435 EXXON MOBIL COM 30231G102 31,378 372,981 SH SOLE 0 0 372,981 FARMERS & MERCHANTS BANK COM 308243104 252 60 SH SOLE 0 0 60 FIRST BANK OF DELAWARE COM 319307104 180 97,812 SH SOLE 0 0 97,812 FIRST CITIZENS BANCORP SC COM 319460101 1,943 3,702 SH SOLE 0 0 3,702 FIRST NATIONAL BANK ALASKA COM 32112J106 4,368 2,461 SH SOLE 0 0 2,461 FLEXIINTERNATIONAL SOFTWARE COM 338923105 9 75,000 SH SOLE 0 0 75,000 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 7,051 944,024 SH SOLE 0 0 944,024 FORD MOTOR CO COM 345370860 298 20,002 SH SOLE 0 0 20,002 FREEPORT MCMORAN COPPER & GOLD COM 35671D857 372 6,700 SH SOLE 0 0 6,700 FREIGHTCAR AMERICA COM 357023100 9,001 276,880 SH SOLE 0 0 276,880 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 3/31/2011 - 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 FRIEDMAN INDUSTRIES COM 358435105 1,442 141,600 SH SOLE 0 0 141,600 FULL METAL MINERALS COM 35968C109 2 10,000 SH SOLE 0 0 10,000 GENERAL ELECTRIC COM 369604103 30,148 1,503,666 SH SOLE 0 0 1,503,666 GENERAL MILLS COM 370334104 369 10,100 SH SOLE 0 0 10,100 GERON CORP COM 374163103 616 122,100 SH SOLE 0 0 122,100 GETTY REALTY COM 374297109 528 23,112 SH SOLE 0 0 23,112 GILEAD SCIENCES COM 375558103 645 15,200 SH SOLE 0 0 15,200 GREATER CHINA FUND COM 39167B102 993 78,632 SH SOLE 0 0 78,632 GUARANTY BANCORP COM 40075T102 37 28,700 SH SOLE 0 0 28,700 HARDINGE INC COM 412324303 519 37,900 SH SOLE 0 0 37,900 HARRIS & HARRIS GROUP COM 413833104 3,833 712,600 SH SOLE 0 0 712,600 HARSCO CORP COM 415864107 2,170 61,495 SH SOLE 0 0 61,495 HCC INSURANCE HOLDINGS COM 404132102 10,921 348,805 SH SOLE 0 0 348,805 HELMERICH & PAYNE COM 423452101 274 4,000 SH SOLE 0 0 4,000 HEWLETT PACKARD COM 428236103 13,047 318,467 SH SOLE 0 0 318,467 HOME DEPOT COM 437076102 1,437 38,788 SH SOLE 0 0 38,788 HUDSON CITY BANCORP COM 443683107 14,284 1,475,715 SH SOLE 0 0 1,475,715 HUDSON HOLDING COM 443793104 1 30,000 SH SOLE 0 0 30,000 ILLINOIS TOOL WORKS COM 452308109 7,315 136,170 SH SOLE 0 0 136,170 IMMUCELL CORP NEW COM 452525306 34 10,000 SH SOLE 0 0 10,000 INTEL COM 458140100 25,789 1,278,608 SH SOLE 0 0 1,278,608 INTL BUSINESS MACHINES COM 459200101 1,861 11,415 SH SOLE 0 0 11,415 INTL COAL GROUP COM 45928H106 1,417 125,465 SH SOLE 0 0 125,465 INTL PAPER COM 460146103 10,128 335,604 SH SOLE 0 0 335,604 INTL RECTIFIER COM 460254105 10,803 326,770 SH SOLE 0 0 326,770 ITT CORPORATION COM 450911102 30,930 515,073 SH SOLE 0 0 515,073 JACOBS ENGINEERING GROUP COM 469814107 4,490 87,315 SH SOLE 0 0 87,315 JAPAN EQUITY FUND COM 471057109 4,217 683,500 SH SOLE 0 0 683,500 JAPAN SMALLER CAP FUND COM 47109U104 3,227 354,300 SH SOLE 0 0 354,300 JETBLUE AIRWAYS COM 477143101 196 31,300 SH SOLE 0 0 31,300 JOHNSON & JOHNSON COM 478160104 19,548 329,939 SH SOLE 0 0 329,939 KADANT COM 48282T104 2,590 98,910 SH SOLE 0 0 98,910 KELLY SERVICES CL A COM 488152208 8,049 370,775 SH SOLE 0 0 370,775 KIMBERLY-CLARK COM 494368103 342 5,250 SH SOLE 0 0 5,250 KKR FINANCIAL HOLDINGS COM 48248A306 841 86,000 SH SOLE 0 0 86,000 KRATOS DEFENSE & SEC SOLUTIONS COM 50077B207 4,503 316,270 SH SOLE 0 0 316,270 KREISLER MANUFACTURING COM 500773106 49 10,500 SH SOLE 0 0 10,500 LAKELAND INDUSTRIES COM 511795106 2,149 241,497 SH SOLE 0 0 241,497 LEGG MASON COM 524901105 804 22,300 SH SOLE 0 0 22,300 LEXINGTON PROPERTY TRUST COM 529043101 246 26,400 SH SOLE 0 0 26,400 LOUISIANA PACIFIC COM 546347105 231 22,000 SH SOLE 0 0 22,000 LSI CORPORATION COM 502161102 206 30,414 SH SOLE 0 0 30,414 L 3 COMMUNICATIONS HOLDINGS COM 502424104 7,192 91,850 SH SOLE 0 0 91,850 M & T BANK CORP COM 55261F104 1,485 16,787 SH SOLE 0 0 16,787 MAGELLAN PETROLEUM COM 559091301 31 13,000 SH SOLE 0 0 13,000 MANNKIND CORP COM 56400P201 78 21,500 SH SOLE 0 0 21,500 MCCORMICK SCHMICKS SEAFOOD RES COM 579793100 753 104,400 SH SOLE 0 0 104,400 MEADOWBROOK INSURANCE GROUP COM 58319P108 937 90,600 SH SOLE 0 0 90,600 MEDTRONIC COM 585055106 14,415 366,333 SH SOLE 0 0 366,333 MERCK & CO COM 58933Y105 588 17,821 SH SOLE 0 0 17,821 MEREDITH CORP COM 589433101 9,040 266,510 SH SOLE 0 0 266,510 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 3/31/2011 - 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 MERITOR SAVINGS BANK COM 590007100 6,121 1,901,000 SH SOLE 0 0 1,901,000 METLIFE COM 59156R108 10,346 231,305 SH SOLE 0 0 231,305 MFS INTERMED INCOME TRUST COM 55273C107 114 18,690 SH SOLE 0 0 18,690 MICRONETICS INC COM 595125105 154 38,500 SH SOLE 0 0 38,500 MICROSOFT COM 594918104 11,634 458,780 SH SOLE 0 0 458,780 MIDDLEBURG FINANCIAL CORP COM 596094102 1,958 110,006 SH SOLE 0 0 110,006 MOBILE MINI COM 60740F105 11,442 476,380 SH SOLE 0 0 476,380 MONMOUTH REAL ESTATE INVT CORP COM 609720107 327 39,850 SH SOLE 0 0 39,850 JPMORGAN CHASE & CO COM 46625H100 15,570 337,758 SH SOLE 0 0 337,758 MUELLER WATER PRODUCTS COM 624758108 336 75,100 SH SOLE 0 0 75,100 MYLAN INC COM 628530107 221 9,770 SH SOLE 0 0 9,770 NAM TAI ELECTRONICS COM 629865205 70 10,900 SH SOLE 0 0 10,900 NATIONAL FUEL GAS COM 636180101 289 3,910 SH SOLE 0 0 3,910 NATIONAL WESTERN LIFE INSUR COM 638522102 9,369 57,746 SH SOLE 0 0 57,746 NAVARRE CORP COM 639208107 41 22,000 SH SOLE 0 0 22,000 NAVIOS MARITIME COM Y62196103 133 23,500 SH SOLE 0 0 23,500 NESTLE SA ADR COM 641069406 460 8,000 SH SOLE 0 0 8,000 NEWCASTLE INVESTMENT COM 65105M108 112 18,600 SH SOLE 0 0 18,600 NEWPORT CORP COM 651824104 11,451 642,275 SH SOLE 0 0 642,275 NEWMONT MINING COM 651639106 463 8,500 SH SOLE 0 0 8,500 OLD REPUBLIC COM 680223104 875 69,025 SH SOLE 0 0 69,025 OMEGA PROTEIN COM 68210P107 1,721 127,600 SH SOLE 0 0 127,600 ONE BEACON INSURANCE LTD COM G67742109 293 21,700 SH SOLE 0 0 21,700 OPKO HEALTH INC COM 68375N103 111 30,000 SH SOLE 0 0 30,000 OVERSEAS SHIPHOLDING GROUP COM 690368105 1,378 42,890 SH SOLE 0 0 42,890 PENN VA RESOURCE PARTNERS LP COM 707884102 1,146 41,384 SH SOLE 0 0 41,384 PEPSICO INC COM 713448108 1,142 17,737 SH SOLE 0 0 17,737 PETROLEUM DEVELOPMENT COM 716578109 2,239 46,650 SH SOLE 0 0 46,650 PETROBAKKEN ENERGY LTD COM 71645A109 801 42,200 SH SOLE 0 0 42,200 PFIZER INC COM 717081103 11,492 565,857 SH SOLE 0 0 565,857 PHILIPS ELECTRONICS COM 500472303 231 7,200 SH SOLE 0 0 7,200 POLYCOM COM 73172K104 487 9,400 SH SOLE 0 0 9,400 PRIMEENERGY CORP COM 74158E104 248 9,500 SH SOLE 0 0 9,500 PROCTER & GAMBLE COM 742718109 369 6,002 SH SOLE 0 0 6,002 PROSPECT CAPITAL COM 74348T102 1,819 149,000 SH SOLE 0 0 149,000 QUALCOMM COM 747525103 1,760 32,100 SH SOLE 0 0 32,100 QUEST DIAGNOSTICS COM 74834L100 7,818 135,460 SH SOLE 0 0 135,460 RAMCO GERSHENSON PROPERTIES TR COM 751452202 808 64,500 SH SOLE 0 0 64,500 RESEARCH FRONTIERS COM 760911107 244 35,916 SH SOLE 0 0 35,916 ROCHE HOLDINGS COM 771195104 268 7,500 SH SOLE 0 0 7,500 ROCKWELL AUTOMATION COM 773903109 236 2,500 SH SOLE 0 0 2,500 ROYAL DUTCH SHELL PLC ADR A COM 780259206 400 5,500 SH SOLE 0 0 5,500 SALISBURY BANCORP COM 795226109 2,195 81,850 SH SOLE 0 0 81,850 SANOFI AVENTIS COM 80105N105 383 10,900 SH SOLE 0 0 10,900 SCHEIN (HENRY) COM 806407102 842 12,000 SH SOLE 0 0 12,000 SCHLUMBERGER LTD COM 806857108 284 3,050 SH SOLE 0 0 3,050 SCHMITT INDUSTRIES COM 806870200 452 107,900 SH SOLE 0 0 107,900 SEABOARD CORP COM 811543107 386 160 SH SOLE 0 0 160 SE FINANCIAL COM 78412R108 208 34,745 SH SOLE 0 0 34,745 SENECA FOODS NEW COM 817070501 1,284 43,000 SH SOLE 0 0 43,000 SIMPSON MANUFACTURING COM 829073105 6,522 221,410 SH SOLE 0 0 221,410 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 3/31/2011 - 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 SKECHERS USA COM 830566105 3,158 153,770 SH SOLE 0 0 153,770 SONOCO PRODUCTS COM 835495102 21,470 592,603 SH SOLE 0 0 592,603 SONOSITE COM 83568G104 1,574 47,245 SH SOLE 0 0 47,245 SOUTHWEST AIRLINES COM 844741108 221 17,500 SH SOLE 0 0 17,500 STRATTEC SECURITY COM 863111100 4,603 137,370 SH SOLE 0 0 137,370 SUNCOR ENERGY NEW COM 867224107 395 8,810 SH SOLE 0 0 8,810 SUPERIOR INDUSTRIES INTL COM 868168105 2,898 113,045 SH SOLE 0 0 113,045 SWISS HELVETIA FUND COM 870875101 7,248 524,322 SH SOLE 0 0 524,322 SYMMETRICOM INC COM 871543104 548 89,500 SH SOLE 0 0 89,500 SYSCO CORP COM 871829107 335 12,100 SH SOLE 0 0 12,100 TARGET CORP COM 87612E106 783 15,664 SH SOLE 0 0 15,664 TEMPLETON DRAGON FD COM 88018T101 936 30,200 SH SOLE 0 0 30,200 TERADYNE COM 880770102 2,478 139,150 SH SOLE 0 0 139,150 TEVA PHARMACEUTICAL COM 881624209 830 16,555 SH SOLE 0 0 16,555 TEXAS INSTRUMENTS COM 882508104 33,343 964,792 SH SOLE 0 0 964,792 THERMO FISHER SCIENTIFIC COM 883556102 11,884 213,935 SH SOLE 0 0 213,935 TIME WARNER CABLE COM 88732J207 403 5,652 SH SOLE 0 0 5,652 TIME WARNER COM 887317303 814 22,806 SH SOLE 0 0 22,806 TRINITY INDUSTRIES COM 896522109 971 26,500 SH SOLE 0 0 26,500 UNILEVER PLC COM 904767704 2,222 72,594 SH SOLE 0 0 72,594 UNITED CAPITAL COM 909912107 297 10,519 SH SOLE 0 0 10,519 UNITED PARCEL SERVICE COM 911312106 18,140 244,090 SH SOLE 0 0 244,090 US GYPSUM COM 903293405 2,448 146,960 SH SOLE 0 0 146,960 VALENCE TECH COM 918914102 32 21,000 SH SOLE 0 0 21,000 VERIZON COMMUNICATIONS COM 92343V104 367 9,540 SH SOLE 0 0 9,540 VISHAY PRECISION GROUP COM 92835K103 937 59,800 SH SOLE 0 0 59,800 VITESSE SEMICONDUCTOR COM 928497304 62 12,975 SH SOLE 0 0 12,975 VODAFONE GROUP PLC NEW COM 92857W209 2,144 74,592 SH SOLE 0 0 74,592 WAL-MART STORES COM 931142103 17,277 331,933 SH SOLE 0 0 331,933 WARWICK VALLEY TELEPHONE COM 936750108 186 12,400 SH SOLE 0 0 12,400 WASHINGTON POST COM 939640108 2,464 5,632 SH SOLE 0 0 5,632 WHIRLPOOL CORP COM 963320106 7,921 92,805 SH SOLE 0 0 92,805 WOODWARD INC COM 980745103 355 10,300 SH SOLE 0 0 10,300 3M COMPANY COM 88579Y101 11,166 119,425 SH SOLE 0 0 119,425 Line Count: 238