Rand Capital Corp (RAND)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Shufro Rose & Co Llc	42,911	$565,138	0.05%
2.	Nottingham Advisors, Inc.	19,129	$248,486	0.03%
3.	Ewing Morris & Co. Investment Partners Ltd.	18,654	$242,315	0.17%
4.	Ubs Group Ag	3,285	$42,672	0%
5.	Advisor Group Holdings, Inc.	1,000	$12,990	0%