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Institutional Investment Manager
RUTABAGA CAPITAL MANAGEMENT LLC/MA
RUTABAGA CAPITAL MANAGEMENT LLC/MA (CIK: 0001128239) incorporated in Delaware, located at 64 Broad Street, Boston, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 66 holdings with a total value of $1,012,854,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 INVACARE CORP COM 1,587,959 30,822,000 3.04%
2 Headwaters Inc 1,660,695 30,457,000 3.01%
3 ENVIRI CORP COM 1,670,635 28,835,000 2.85%
4 GLOBE SPECIALTY METALS INC 1,507,685 28,525,000 2.82%
5 GREAT LAKES DREDGE & DOCK CO 4,581,092 27,532,000 2.72%
6 BRIGGS & STRATTON CORP 1,320,644 27,126,000 2.68%
7 JOHN BEAN TECHNOLOGIES CORP COM 757,110 27,043,000 2.67%
8 MAIDEN HOLDINGS LTD 1,822,736 27,031,000 2.67%
9 GRANITE CONSTR INC 743,062 26,111,000 2.58%
10 BLUE NILE INC COM 807,979 25,726,000 2.54%
11 REGIS CORP MINN COM 1,567,027 25,636,000 2.53%
12 NCI BLDG SYS INC 1,452,990 25,107,000 2.48%
13 CENTRAL GARDEN & PET CO CL A NON-VTG 2,349,830 24,955,000 2.46%
14 National Interstate Corp 879,367 24,692,000 2.44%
15 MISTRAS GROUP INC 1,269,719 24,454,000 2.41%
16 MUELLER WTR PRODS INC 2,472,818 24,357,000 2.40%
17 Douglas Dynamics Inc 1,043,563 23,834,000 2.35%
18 SCHNITZER STL INDS 1,502,099 23,823,000 2.35%
19 InnerWorkings Inc 3,393,400 22,803,000 2.25%
20 INTREPID POTASH INC 1,917,101 22,142,000 2.19%
21 POWELL INDS INC COM 606,603 20,484,000 2.02%
22 MODINE MFG CO COM 1,462,634 19,701,000 1.95%
23 GRAFTECH INTERNATIONAL LTD 4,778,320 18,587,000 1.84%
24 Casella Waste SYS 3,239,058 17,814,000 1.76%
25 ASHFORD HOSPITALITY TR INC COM SHS 1,798,097 17,297,000 1.71%
26 MEADOWBROOK INSURA 1,765,318 15,005,000 1.48%
27 UNIVERSAL STAINLESS & ALLOY 570,725 14,964,000 1.48%
28 INSTEEL INDUSTRIES 675,594 14,613,000 1.44%
29 COLUMBUS MCKINNON CORP N Y COM 542,167 14,605,000 1.44%
30 Libbey Inc Com 359,464 14,346,000 1.42%
31 FURMANITE CORPORATION 1,780,339 14,046,000 1.39%
32 QAD Inc 571,794 13,837,000 1.37%
33 UMH PPTYS INC 1,363,891 13,734,000 1.36%
34 HOMETRUST BANCSHARES INC 846,296 13,515,000 1.33%
35 HEIDRICK & STRUGGLESINTL INC 546,145 13,424,000 1.33%
36 CENTRAL GARDEN & PET CO COM 1,359,442 13,417,000 1.32%
37 ACCURIDE CORP NEW 2,855,828 13,308,000 1.31%
38 TITAN MACHY INC COM 990,880 13,228,000 1.31%
39 STONERIDGE INC COM 1,134,545 12,809,000 1.26%
40 HILL INTERNATIONAL INC 3,565,434 12,799,000 1.26%
41 COMMERCIAL VEH GROUP INC 1,983,104 12,771,000 1.26%
42 MARINEMAX INC COM 481,016 12,751,000 1.26%
43 FIRST CONN BANCORP INC MD 828,542 12,734,000 1.26%
44 GLOBAL POWER EQUIPMENT GRP I 963,824 12,722,000 1.26%
45 MERCURY SYS INC COM 794,512 12,354,000 1.22%
46 VISHAY PRECISION GROUP INC 768,050 12,235,000 1.21%
47 LAYNE CHRISTENSEN CO 2,159,231 10,817,000 1.07%
48 PMFG INC 2,299,138 10,690,000 1.06%
49 WILLIS LEASE FINANCE CORP COM 568,348 10,559,000 1.04%
50 CITI TRENDS INC COM 361,604 9,763,000 0.96%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144969-15-000041, filed 2015.05.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.