| 1 | Claret Asset Management Corp | $27.1M | 2.0M | Trimmed |
| 2 | BANK OF MONTREAL /CAN/ | $18.9M | 1.4M | Trimmed |
| 3 | NATIONAL BANK OF CANADA /FI/ | $18.6M | 1.4M | Added |
| 4 | CIBC Asset Management Inc | $18.2M | 1.4M | Trimmed |
| 5 | AEGIS FINANCIAL CORP | $13.8M | 1.0M | Hold |
| 6 | CANNELL CAPITAL LLC | $10.4M | 783,691 | Trimmed |
| 7 | MORGAN STANLEY | $10.2M | 766,612 | Added |
| 8 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8.9M | 672,043 | Added |
| 9 | AMERICAN CENTURY COMPANIES INC | $8.4M | 635,087 | Added |
| 10 | Connor, Clark & Lunn Investment Management Ltd. | $8.0M | 604,396 | Added |
| 11 | GOLDMAN SACHS GROUP INC | $5.9M | 442,851 | Added |
| 12 | TWO SIGMA INVESTMENTS, LP | $5.5M | 411,820 | Added |
| 13 | Simcoe Capital LLC | $5.2M | 393,867 | Added |
| 14 | D. E. Shaw & Co., Inc. | $5.1M | 382,900 | Added |
| 15 | TD Waterhouse Canada Inc. | $4.3M | 329,224 | Added |
| 16 | DIMENSIONAL FUND ADVISORS LP | $3.6M | 269,536 | Added |
| 17 | RENAISSANCE TECHNOLOGIES LLC | $3.3M | 247,000 | Trimmed |
| 18 | INTACT INVESTMENT MANAGEMENT INC. | $3.2M | 244,300 | Added |
| 19 | Clearbridge Investments, LLC | $3.2M | 244,091 | Trimmed |
| 20 | Quadrature Capital Ltd | $3.1M | 236,300 | Added |
| 21 | Bastion Asset Management Inc. | $3.1M | 213,316 | Trimmed |
| 22 | BANK OF AMERICA CORP /DE/ | $3.0M | 228,973 | Added |
| 23 | Orchard Capital Management, LLC | $3.0M | 226,537 | Added |
| 24 | CenterBook Partners LP | $2.6M | 193,653 | Added |
| 25 | INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $2.5M | 190,100 | Added |