| 1 | BANK OF MONTREAL /CAN/ | $39.0M | 2.9M | Added |
| 2 | Claret Asset Management Corp | $27.6M | 2.0M | Added |
| 3 | CIBC Asset Management Inc | $19.8M | 1.5M | Added |
| 4 | NATIONAL BANK OF CANADA /FI/ | $18.0M | 1.4M | Added |
| 5 | AEGIS FINANCIAL CORP | $14.0M | 1.0M | Hold |
| 6 | CANNELL CAPITAL LLC | $13.0M | 962,731 | Trimmed |
| 7 | AMERICAN CENTURY COMPANIES INC | $8.0M | 591,909 | Added |
| 8 | Connor, Clark & Lunn Investment Management Ltd. | $7.9M | 587,440 | Added |
| 9 | Bastion Asset Management Inc. | $6.4M | 401,076 | Trimmed |
| 10 | Alberta Investment Management Corp | $5.7M | 422,493 | New |
| 11 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5.4M | 402,413 | Added |
| 12 | TD Waterhouse Canada Inc. | $4.3M | 325,487 | Added |
| 13 | TWO SIGMA INVESTMENTS, LP | $4.2M | 312,873 | Added |
| 14 | Polar Asset Management Partners Inc. | $4.2M | 310,000 | Trimmed |
| 15 | D. E. Shaw & Co., Inc. | $3.7M | 271,600 | Added |
| 16 | RENAISSANCE TECHNOLOGIES LLC | $3.4M | 253,500 | Trimmed |
| 17 | GOLDMAN SACHS GROUP INC | $3.4M | 252,339 | Added |
| 18 | Clearbridge Investments, LLC | $3.3M | 246,224 | Added |
| 19 | Orchard Capital Management, LLC | $3.0M | 223,913 | Added |
| 20 | INTACT INVESTMENT MANAGEMENT INC. | $2.8M | 208,000 | Added |
| 21 | DIMENSIONAL FUND ADVISORS LP | $2.7M | 200,248 | Added |
| 22 | MARSHALL WACE, LLP | $2.7M | 198,770 | Added |
| 23 | MORGAN STANLEY | $2.6M | 191,939 | Added |
| 24 | INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $2.3M | 170,100 | Added |
| 25 | Simcoe Capital LLC | $2.2M | 161,530 | New |