13F-HR 1 sched13f-083q.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 ------------------ Check here if Amendment [ ]; Amendment Number: --------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: J. Carlo Cannell -------------------------------------- Address: P.O. Box 3459 -------------------------------------- 240 E. Deloney Ave. -------------------------------------- Jackson, WY 83001 -------------------------------------- Form 13F File Number: 28- 6453 ----- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: J. Carlo Cannell ------------------------------ Title: Managing Member ------------------------------ Phone: 415-835-8300 ------------------------------ Signature, Place, and Date of Signing: /s/ J. Carlo Cannell Jackson, WY 11/14/2008 ------------------------ --------------- -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry Total: 78 -------------- Form 13F Information Table value Total: $ 364,989 -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE
------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------ NOAH EDUCATION HOLDING LTD ADR ADR 65487r303 2,735 776,898 SH SOLE 776,898 - - BERKSHIRE HATHAWAY INC CL-A (D CL A 84670108 653 5 SH SOLE 5 - - VALUEVISION MEDIA INC CMN CLAS CL A 92047k107 3,595 1,943,123 SH SOLE 1,943,123 - - ACME UNITED CORP CMN COM 4816104 3,491 286,119 SH SOLE 286,119 - - ACTUATE CORPORATION COMMON STO COM 00508b102 10,798 3,085,000 SH SOLE 3,085,000 - - AECOM TECHNOLOGY CORPORATION C COM 00766t100 904 37,000 SH SOLE 37,000 - - ALTRA HOLDINGS, INC. CMN COM 02208r106 13,117 888,709 SH SOLE 888,709 - - AMERON INTERNATIONAL CORP CMN COM 30710107 623 8,700 SH SOLE 8,700 - - ANIMAL HEALTH INTERNATIONAL IN COM 03525n109 9,604 1,165,540 SH SOLE 1,165,540 - - BRONCO DRILLING COMPANY, INC. COM 112211107 5,245 513,246 SH SOLE 513,246 - - CALAVO GROWERS INC CMN COM 128246105 1,260 101,110 SH SOLE 101,110 - - CANTEL MEDICAL CORP. CMN COM 138098108 2,309 240,000 SH SOLE 240,000 - - CARRIAGE SERVICES, INC. CMN COM 143905107 1,223 349,469 SH SOLE 349,469 - - CENTRAL GARDEN & PET CO CMN COM 153527106 4,117 700,222 SH SOLE 700,222 - - CITIZENS FIRST BANCORP INC DEL COM 17461r106 654 120,175 SH SOLE 120,175 - - DANAHER CORPORATION (DELAWARE) COM 235851102 763 11,000 SH SOLE 11,000 - - DELTEK INC CMN COM 24784l105 7,337 1,206,800 SH SOLE 1,206,800 - - DRUGSTORE.COM INC CMN COM 262241102 13,106 5,577,201 SH SOLE 5,577,201 - - DWS MUNICIPAL INCOME TRUST MUT COM 23338m106 467 54,634 SH SOLE 54,634 - - EASTERN INS HLDGS INC CMN COM 276534104 3,541 262,200 SH SOLE 262,200 - - ENERGY RECOVERY INC CMN COM 29270j100 2,072 216,015 SH SOLE 216,015 - - FAIR ISAAC INC CMN COM 303250104 926 40,189 SH SOLE 40,189 - - FIRST FINANCIAL NORTHWEST INC COM 32022k102 10,643 1,031,300 SH SOLE 1,031,300 - - FRANKLIN ELECTRIC INC CMN COM 353514102 1,025 23,000 SH SOLE 23,000 - - FREDERICK'S OF HOLLYWOOD GROUP COM 35582t108 149 275,021 SH SOLE 275,021 - - HARRIS INTERACTIVE INC CMN COM 414549105 600 347,084 SH SOLE 347,084 - - HARVEST NATURAL RESOURCES INC COM 41754v103 917 90,600 SH SOLE 90,600 - - HERCULES OFFSHORE INC CMN COM 427093109 2,193 144,652 SH SOLE 144,652 - - ICO INC (NEW) CMN COM 449293109 12,704 2,264,594 SH SOLE 2,264,594 - - KEY ENERGY SERVICES INC CMN COM 492914106 12,825 1,105,598 SH SOLE 1,105,598 - - LEE ENTERPRISES INC CMN COM 523768109 1,764 504,114 SH SOLE 504,114 - - MANITEX INTERNATIONAL, INC. CM COM 563420108 1,019 299,578 SH SOLE 299,578 - - MEDIWARE INFORMATION SYS INC C COM 584946107 4,294 761,358 SH SOLE 761,358 - - MERCER INS GROUP INC CMN COM 587902107 1,929 117,655 SH SOLE 117,655 - - MERIDIAN INTERSTATE BANCORP, I COM 58964q104 1,396 136,766 SH SOLE 136,766 - - MET-PRO CORPORATION CMN COM 590876306 6,743 462,145 SH SOLE 462,145 - - MFRI INC CMN COM 552721102 1,450 128,865 SH SOLE 128,865 - - MOCON INC CMN COM 607494101 963 91,650 SH SOLE 91,650 - - MONARCH CASINO & RESORT INC CM COM 609027107 3,959 347,605 SH SOLE 347,605 - - MVC CAPITAL INC CLOSED END FUN COM 553829102 25,354 1,662,589 SH SOLE 1,662,589 - - NATURAL GAS SERVICES GROUP, IN COM 63886q109 4,240 242,721 SH SOLE 242,721 - - NGAS RESOURCES, INC. CMN COM 62912t103 10,773 2,268,100 SH SOLE 2,268,100 - - NUVEEN INSD PREM INCOME MUN FD COM 6706d8104 129 13,300 SH SOLE 13,300 - - NUVEEN MUN ADVANTAGE FUND INC COM 67062h106 683 60,517 SH SOLE 60,517 - - NUVEEN PREMIUM INCOME MUNICIPA COM 6706k4105 100 10,700 SH SOLE 10,700 - - NUVEEN PREMIUM INCOME MUNICIPA COM 67062t100 616 56,521 SH SOLE 56,521 - - NUVEEN QUALITY INCOME MUNICIPA COM 670977107 449 41,210 SH SOLE 41,210 - - ORION MARINE GROUP INC CMN COM 68628v308 2,474 235,857 SH SOLE 235,857 - - PC-TEL INC CMN COM 69325q105 9,070 973,174 SH SOLE 973,174 - - PETRO RES CORP CMN COM 71646k106 4,489 3,591,100 SH SOLE 3,591,100 - - QUADRAMED CORPORATION CMN COM 74730w507 4,927 597,980 SH SOLE 597,980 - - ROPER INDS INC (NEW) CMN COM 776696106 752 13,211 SH SOLE 13,211 - - SAIC, INC. CMN COM 78390x101 17,473 863,700 SH SOLE 863,700 - - SALARY.COM, INC. CMN COM 794006106 5,049 1,246,748 SH SOLE 1,246,748 - - SCHMITT INDS INC ORE CMN COM 806870200 669 114,430 SH SOLE 114,430 - - SEABRIGHT INSURANCE HLDG INC C COM 811656107 10,913 839,438 SH SOLE 839,438 - - SOLUTIA INC. CMN COM 834376501 15,404 1,100,300 SH SOLE 1,100,300 - - T-3 ENERGY SERVICES INC CMN COM 87306e107 10,804 291,049 SH SOLE 291,049 - - TETRA TECH INC (NEW) CMN COM 88162g103 1,925 80,000 SH SOLE 80,000 - - TORTOISE CAPITAL RESOURCES MUT COM 89147n304 377 42,391 SH SOLE 42,391 - - U.S. CONCRETE INC CMN COM 90333l102 10,839 2,424,753 SH SOLE 2,424,753 - - VAALCO ENERGY, INC. CMN COM 91851c201 9,681 1,415,349 SH SOLE 1,415,349 - - VOLT INFORMATION SCIENCES INC COM 928703107 1,216 135,405 SH SOLE 135,405 - - WILLIAMS CONTROLS INC. CMN COM 969465608 1,694 131,546 SH SOLE 131,546 - - ZOLTEK COS INC CMN COM 98975w104 1,882 110,000 SH SOLE 110,000 - - ALLOY INC CMN COM NEW 019855303 6,073 785,615 SH SOLE 785,615 - - DXP ENTERPRISES INC CMN COM NEW 233377407 1,493 28,000 SH SOLE 28,000 - - GENTEK INC CMN COM NEW 37245x203 1,414 54,980 SH SOLE 54,980 - - OPLINK COMMUNICATIONS INC CMN COM NEW 68375q403 8,425 698,000 SH SOLE 698,000 - - PHH CORPORATION CMN COM NEW 693320202 1,332 100,259 SH SOLE 100,259 - - PRG-SCHULTZ INTERNATIONAL, INC COM NEW 69357c503 4,565 509,452 SH SOLE 509,452 - - TYCO INTERNATIONAL LTD. CMN COM NEW g9143x208 2,546 72,700 SH SOLE 72,700 - - MUELLER WATER PRODUCTS, INC. C COM SER A 624758108 332 37,000 SH SOLE 37,000 - - ENCORE CAPITAL GROUP INC 3.375 NOTE 292554ab8 4,702 5,850,000 PRN SOLE 5,850,000 - - KEMET CORPORATION 2.25% 11/15/ NOTE 488360ab4 3,060 9,000,000 PRN SOLE 9,000,000 - - LITHIA MOTORS INC 2.875% 05/01 NOTE 536797ab9 5,040 6,000,000 PRN SOLE 6,000,000 - - FUNDTECH LTD CMN ORD m47095100 20,209 1,444,566 SH SOLE 1,444,566 - - EMMIS COMMUNICATIONS CORP 6.25 PFD 291525202 702 38,130 SH SOLE 38,130 - -