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Institutional Investment Manager
Adirondack Research & Management Inc.
Adirondack Research & Management Inc. (CIK: 0001569100) incorporated in New York, located at 2390 Western Avenue, Guilderland, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 108 holdings with a total value of $276,926,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 CRYOLIFE INC 136,135 2,392,000 0.86%
52 BENCHMARK ELECTRS INC 88,273 2,202,000 0.80%
53 EXPRESS INC COM 184,697 2,178,000 0.79%
54 ORION ENGINEERED CARBONS S A 115,288 2,160,000 0.78%
55 AUTOBYTEL INC COM NEW 118,885 2,116,000 0.76%
56 ORION ENERGY SYSTEMS INC 1,340,258 1,783,000 0.64%
57 PAN AMERN SILVER CORP 98,000 1,727,000 0.62%
58 NMI HLDGS INC CL A 207,925 1,584,000 0.57%
59 NETSCOUT SYS INC 51,284 1,500,000 0.54%
60 PURECYCLE CORP 233,704 1,341,000 0.48%
61 REALNETWORKS INC 299,296 1,335,000 0.48%
62 SEACHANGE INTL INC 410,601 1,228,000 0.44%
63 SUPERIOR INDS INTL INC COM 39,485 1,151,000 0.42%
64 CECO ENVIRONMENTAL CORP 89,164 1,006,000 0.36%
65 ELDORADO RESORTS INC COM 69,105 972,000 0.35%
66 COMSTOCK RES INC 1,250,000 906,000 0.33%
67 EASTMAN KODAK CO 60,184 903,000 0.33%
68 HARTFORD FINL SVCS GROUP INC 19,825 849,000 0.31%
69 TIMKENSTEEL CORPORATION COM 79,083 826,000 0.30%
70 Red Lion Hotels 85,277 711,000 0.26%
71 MERCURY SYS INC COM 28,695 705,000 0.25%
72 KEY TRONICS CORP 93,744 698,000 0.25%
73 CONSOLIDATED EDISON INC 7,975 601,000 0.22%
74 CAPITAL SR LIVING CORP COM 33,305 560,000 0.20%
75 ENTEGRIS INC 32,050 558,000 0.20%
76 AT&T INC 13,656 555,000 0.20%
77 HOOPER HOLMES INC 427,674 539,000 0.19%
78 METLIFE INC 12,000 533,000 0.19%
79 GENERAL ELECTRIC CO 17,382 515,000 0.19%
80 PERFORMANCE FOOD GROUP CO COM 20,090 498,000 0.18%
81 COCA COLA ENTERPRISES INC NE COM 12,300 491,000 0.18%
82 MICROSOFT CORP 8,300 478,000 0.17%
83 XEROX CORP 47,150 478,000 0.17%
84 PTC INC 10,760 477,000 0.17%
85 Crawford & Co 53,173 476,000 0.17%
86 MORGAN STANLEY 14,500 465,000 0.17%
87 Alcoa Inc 45,800 464,000 0.17%
88 HECLA MNG CO 78,066 445,000 0.16%
89 SYMANTEC CORP 17,426 437,000 0.16%
90 TRUSTCO BANK CM 60,050 426,000 0.15%
91 STONE ENERGY CORP 716,000 407,000 0.15%
92 ABBVIE INC 6,300 397,000 0.14%
93 BOSTON SCIENTIFIC CORP 16,305 388,000 0.14%
94 EXELON CORP 11,540 384,000 0.14%
95 PFIZER INC 11,275 382,000 0.14%
96 HUNTSMAN CORP 22,275 362,000 0.13%
97 Carriage Services Inc. 15,201 360,000 0.13%
98 MONDELEZ INTL INC 8,050 353,000 0.13%
99 PITNEY BOWES INC 19,389 352,000 0.13%
100 NISOURCE 13,550 327,000 0.12%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001162044-16-002587, filed 2016.11.10).

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.