Private Capital Management, LLC Q4 2016 Filing

Filed February 14, 2017

Portfolio Value

$648.6M

Holdings

Report Date

Q4 2016

Filing Type

13F-HR

All Holdings (53 positions)

#	Stock	Shares	Value	% Portfolio
1	—Mentor Graphics Corp.	1,009,236	$37.2M	5.74%
2	—Allergan PLC	149,819	$31.5M	4.85%
3	SRJSpartanNash Co.	769,932	$30.4M	4.69%
4	—KKR & Co. L.P.	1,965,771	$30.3M	4.66%
5	—INTL FCStone, Inc.	756,937	$30.0M	4.62%
6	—Alere, Inc.	759,047	$29.6M	4.56%
7	VCVisteon Corp.	357,412	$28.7M	4.43%
8	—Tronox Limited	2,151,746	$22.2M	3.42%
9	QNSTQuinStreet, Inc.	5,433,183	$20.4M	3.15%
10	NFGNational Fuel Gas Co.	354,295	$20.1M	3.09%
11	TASTUSDCarrols Restaurant Group, Inc.	1,221,475	$18.6M	2.87%
12	—State Bank Financial Corp.	678,125	$18.2M	2.81%
13	—Cabela's, Inc.	305,655	$17.9M	2.76%
14	ATSG*Air Transport Services Group,	1,099,585	$17.5M	2.71%
15	RJFRaymond James Financial, Inc.	250,313	$17.3M	2.67%
16	—Charter Financial Corp.	981,829	$16.4M	2.52%
17	GILGildan Activewear, Inc.	598,009	$15.2M	2.34%
18	CECelanese Corp.	189,657	$14.9M	2.30%
19	—Fogo de Chao, Inc.	992,788	$14.2M	2.20%
20	OCFCOceanFirst Financial Corp.	459,561	$13.8M	2.13%
21	SYU1Synovus Financial Corp.	308,160	$12.7M	1.95%
22	CLSCA Technologies	396,465	$12.6M	1.94%
23	—Vasco Data Security Intl.	921,305	$12.6M	1.94%
24	UHSUniversal Health Services, Inc	109,139	$11.6M	1.79%
25	SBG1Seacoast Banking Corporation o	514,211	$11.3M	1.75%
26	—Quantum Corp.	13,311,187	$11.1M	1.71%
27	ZBHZimmer Biomet Holdings, Inc.	96,514	$10.0M	1.54%
28	—Fiesta Restaurant Group, Inc.	328,488	$9.8M	1.51%
29	ON1Old National Bancorp	499,568	$9.1M	1.40%
30	SRIStoneridge, Inc.	501,963	$8.9M	1.37%
31	WTWWillis Towers Watson Pub LTD	65,830	$8.1M	1.24%
32	CBZCBIZ, Inc.	576,821	$7.9M	1.22%
33	—Jamba, Inc.	746,861	$7.7M	1.19%
34	G2CEveri Holdings, Inc.	3,448,450	$7.5M	1.15%
35	OPYOppenheimer Holdings, Inc.	376,937	$7.0M	1.08%
36	BHCValeant Pharmaceuticals Intl.,	478,125	$6.9M	1.07%
37	51AAmerican Public Education, Inc	246,515	$6.1M	0.93%
38	VLYValley National Bancorp	505,480	$5.9M	0.91%
39	—Real Industry, Inc.	882,379	$5.4M	0.83%
40	GLNGGolar LNG Limited	206,313	$4.7M	0.73%
41	NRIMNorthrim BanCorp, Inc.	125,153	$4.0M	0.61%
42	—Pope Resources Limited	58,331	$3.8M	0.58%
43	—Avid Technology, Inc.	728,889	$3.2M	0.49%
44	UPBDRent-A-Center, Inc.	265,743	$3.0M	0.46%
45	TG7Triumph Group, Inc.	109,144	$2.9M	0.45%
46	SSBUSDSouth State Corp.	27,250	$2.4M	0.37%
47	—Suffolk Bancorp	50,779	$2.2M	0.34%
48	—Imation Corp.	1,971,829	$1.6M	0.25%
49	—Alere, Inc Perp Pfd Conv Ser B	4,438	$1.5M	0.22%
50	CSTECaesarstone SDOT	29,900	$857K	0.13%
51	FNWBFirst Northwest Bancorp	54,859	$856K	0.13%
52	CSWCSW Industrials Inc.	19,920	$734K	0.11%
53	FDEFUSDFirst Defiance Financial Corp.	10,337	$524K	0.08%