-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mo+HUjOzA48BSHH8QDtoQTbPrVFo/B3ZaAnkD5UDvRY0KOCRs5Gx9M7PSYZoKkr4 AmZBchZnX0f7DB7gVRVWag== 0001019687-08-002032.txt : 20080506 0001019687-08-002032.hdr.sgml : 20080506 20080506153738 ACCESSION NUMBER: 0001019687-08-002032 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080506 DATE AS OF CHANGE: 20080506 EFFECTIVENESS DATE: 20080506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AL FRANK ASSET MANAGEMENT INC CENTRAL INDEX KEY: 0001167495 IRS NUMBER: 954074555 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10139 FILM NUMBER: 08806245 BUSINESS ADDRESS: STREET 1: PO BOX 1438 CITY: LAGUNA BEACH STATE: CA ZIP: 92652 BUSINESS PHONE: 9494977657 MAIL ADDRESS: STREET 1: P O BOX 1438 CITY: LAGUNA BEACH STATE: CA ZIP: 92652 FORMER COMPANY: FORMER CONFORMED NAME: FRANK AL ASSET MANAGEMENT INC DATE OF NAME CHANGE: 20020214 13F-HR 1 alfrank_13f.txt AL FRANK ASSET MANAGEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13f Cover Page Report for the Calendar Year or Quarter Ended 03/31/2008 If amended report check here: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Al Frank Asset Management, Inc. - -------------------------------------------------------------------------------- Name of Institutional Investment Manager 32392 Coast Highway, Suite 260 Laguna Beach CA 92651-6784 - -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 13F File Number: 28-_____________ 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, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: John Buckingham CEO and Chief Investment Manager (949) 499-3215 - -------------------------------------------------------------------------------- Name (Title) (Phone) /s/ John Buckingham ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) Laguna Beach CA May 6, 2008 ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [_] 13F NOTICE. [_] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: _____0_______ Form 13F Information Table Entry Total: _____521_____ Form 13F Information Table Value Total: $__667,607___ (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. 13F File No.: Name: 13F File No.: Name: ------------- --------------------- ------------- --------------------- 1. 28- 6. ------------- --------------------- ------------- --------------------- 2. 7. ------------- --------------------- ------------- --------------------- 3. 8. ------------- --------------------- ------------- --------------------- 4. 9. ------------- --------------------- ------------- --------------------- 5. 10. ------------- --------------------- ------------- --------------------- AL FRANK ASSET MANAGEMENT QUARTER END 3/31/08 - ------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 FAIR INVESTMENT DISCRETION VOTING AUTHORITY TITLE MARKET SHARES OF SHARED NAME OF ISSUER OF CUSIP VALUE PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER (x$1000) AMOUNT (A) (B) (C) GERS (A) B) (C) - ------------------------------------------------------------------------------------------------------------------------------------ 3Com Common 885535104 690 301,419 301,419 156,750 144,669 3M Company Common 88579Y101 284 3,584 3,584 1,413 2,171 A.O. Smith Common 831865209 215 6,544 6,544 893 5,651 AAR Common 000361105 690 25,300 25,300 25,300 - Abbott Laboratories Common 002824100 2,784 50,479 50,479 33,745 16,734 Abercrombie & Fitch Common 002896207 2,519 34,441 34,441 23,961 10,480 ABX Air Common 00080S101 1,173 399,143 399,143 275,592 123,551 Active Power Common 00504W100 162 87,300 87,300 39,600 47,700 ActivIdentity Common 00506p103 985 394,125 394,125 289,630 104,495 Adaptec Common 00651F108 209 71,136 71,136 31,001 40,135 ADC Telecommun. Common 000886309 663 54,855 54,855 33,054 21,801 AdTran Common 00738a106 354 19,125 19,125 7,408 11,717 Advanced Medical Optics Common 00763m108 811 39,943 39,943 23,830 16,113 Advanced Micro Devices Common 007903107 258 43,876 43,876 17,942 25,934 Advanta 'B' Common 007942204 499 71,036 71,036 47,305 23,731 Aetna Common 00817y108 3,901 92,684 92,684 60,871 31,813 Aetrium Common 00817R103 1,370 347,605 347,605 256,525 91,080 Air France ADR Common 009119108 2,381 84,590 84,590 48,992 35,598 Airspan Networks Common 00950H102 18 18,800 18,800 12,400 6,400 AirTran Holdings Common 00949P108 512 77,540 77,540 70,000 7,540 AK Steel Holding Common 001547108 201 3,697 3,697 2,014 1,683 Alabama Aircraft Ind Common 01023E100 32 10,900 10,900 3,975 6,925 Alaska Air Group Common 011659109 1,638 83,486 83,486 58,773 24,713 Alcoa Common 013817101 5,499 152,493 152,493 101,188 51,305 Alliance Fiber Optic Common 018680108 1,322 1,024,902 1,024,902 746,058 278,844 Alliance One Int'l Common 018772103 1,780 294,726 294,726 217,690 77,036 Allied Defense Group Common 019118108 1,782 302,023 302,023 202,107 99,916 Allstate Common 020002101 4,141 86,163 86,163 57,775 28,388 Altria Group Common 02209S103 473 21,290 21,290 12,612 8,679 American Biltrite Common 024591109 727 101,710 101,710 87,560 14,150 American Eagle Outfitters Common 02553E106 4,431 253,058 253,058 169,006 84,052 American Ecology Corp Common 025533407 1,030 40,655 40,655 24,933 15,722 American Financial Common 025932104 250 9,763 9,763 1,585 8,178 American International Group Common 026874107 741 17,140 17,140 9,861 7,279 American Science & Engineering Inc Common 029429107 3,652 66,917 66,917 44,313 22,604 American Shared Hospital Common 029595105 701 292,282 292,282 215,761 76,521 American Software Common 029683109 5,105 814,171 814,171 496,261 317,910 Ameron Common 030710107 1,353 14,465 14,465 11,914 2,551 Amgen Common 031162100 1,160 27,776 27,776 18,320 9,456 Anadarko Petroleum Common 032511107 4,935 78,294 78,294 55,453 22,841 Analysts International Common 032681108 91 54,676 54,676 22,231 32,445 Anglo American (New) Common 03485P201 339 11,393 11,393 2,605 8,788 Anheuser Busch Common 035229103 301 6,353 6,353 3,157 3,196 AnnTaylor Stores Common 036115103 977 40,395 40,395 27,971 12,424 Apache Common 037411105 3,405 28,181 28,181 19,318 8,863 Apple Computer Common 037833100 3,195 22,268 22,268 15,604 6,664 Applied Materials Common 038222105 1,164 59,675 59,675 26,038 33,637 Applied Micro Circuits Common 03822w406 651 90,700 90,700 69,902 20,798 Applied Signal Technology Common 038237103 184 15,580 15,580 6,195 9,385 Aquila Common 03840P102 44 13,800 13,800 6,500 7,300 Archer-Daniels-Midland Common 039483102 6,695 162,653 162,653 110,557 52,096 Arkansas Best Common 040790107 2,107 66,140 66,140 42,414 23,726 Arrhythmia Research Common 042698308 105 17,180 17,180 9,930 7,250 Arvinmeritor Common 043353101 1,236 98,779 98,779 69,341 29,438 AsiaInfo Holdings Common 04518a104 5,077 467,501 467,501 324,494 143,007 ASM Holdings Common N07059186 325 13,110 13,110 2,258 10,852 Astrazeneca Plc Ads Common 046353108 313 8,250 8,250 4,510 3,740 AT&T Inc Com Common 00206r102 2,074 54,144 54,144 22,451 31,693 AU Optronics Common 002255107 2,804 163,096 163,096 105,588 57,508 Autonation Common 05329W102 612 40,896 40,896 32,379 8,517 Avanex Common 05348W109 49 68,735 68,735 29,012 39,723 Avid Technology Inc Common 05367P100 405 16,652 16,652 11,384 5,268 Avnet Common 053807103 1,891 57,769 57,769 42,652 15,117 AVX Corp Common 002444107 1,642 128,179 128,179 87,721 40,458 Axis Capital Common G0692U109 1,468 43,203 43,203 26,862 16,341 Bakers Footwear Common 057465106 49 24,507 24,507 13,732 10,775 Bank of America Common 060505104 3,780 99,715 99,715 69,975 29,740 BankAtlantic Bancorp CL A Common 065908501 147 37,488 37,488 27,934 9,554 Bankunited Financial Corp Common 06652b103 58 11,610 11,610 4,300 7,310 Barclays Plc Adr Common 06738e204 1,516 41,880 41,880 28,082 13,798 Basic Energy Service Common 06985P100 481 21,769 21,769 11,544 10,225 Baxter International Common 071813109 1,870 32,344 32,344 27,942 4,402 BE Aerospace Common 073302101 1,675 47,934 47,934 30,892 17,042 Beazer Homes Common 07556Q105 285 30,106 30,106 15,365 14,741 Bed, Bath & Beyond Common 075896100 2,189 74,203 74,203 49,682 24,521 Bell Microproducts Common 078137106 24 11,805 11,805 3,100 8,705 Benchmark Electronics Common 08160h101 1,308 72,895 72,895 49,309 23,586 Berkshire Hathaway CL A Common 084670108 800 6 6 6 - Best Buy Common 086516101 2,759 66,545 66,545 38,998 27,547 BFC Financial CL A Common 055384200 447 369,666 369,666 265,323 104,343 BHP Billiton Common 088606108 1,896 28,787 28,787 21,434 7,353 Blonder Tongue Laboratories Common 093698108 220 156,861 156,861 74,145 82,716 Boeing Co. Common 097023105 3,469 46,646 46,646 29,982 16,664 Bookham Technology Common 09856e105 70 51,148 51,148 32,238 18,910 Boston Scientific Common 101137107 1,005 78,075 78,075 57,732 20,343 Brandywine Realty Common 105368203 380 22,400 22,400 13,145 9,255 Brightpoint Common 109473405 1,948 233,006 233,006 174,855 58,151 Bristol Myers Common 110122108 2,242 105,260 105,260 64,845 40,415 Bristow Group Inc Common 110394103 1,847 34,420 34,420 24,360 10,060 Brocade Communications Systems Common 111621306 162 22,251 22,251 9,259 12,992 Brooks Automation Common 114340102 959 98,675 98,675 69,419 29,256 Brunswick Common 117043109 1,425 89,235 89,235 59,968 29,267 Building Materials Common 120113105 524 119,662 119,662 89,179 30,483 Burlington Northern Common 12189t104 382 4,137 4,137 986 3,151 C&D Technologies Common 124661109 305 60,802 60,802 30,413 30,389 Cabela's Common 126804301 354 25,000 25,000 15,700 9,300 Cadence Design Systems Common 127387108 243 22,764 22,764 12,909 9,855 Callaway Golf Co. Common 131193104 827 56,311 56,311 36,025 20,286 Cam Comm Solutions Common 131916108 2,058 54,883 54,883 50,414 4,469 Capital One Financial Common 14040H105 379 7,702 7,702 4,785 2,917 Capstead Mtg Common 14067E506 1,413 123,983 123,983 87,443 36,540 Captaris Common 14071N104 1,424 322,153 322,153 224,979 97,174 Caterpillar Common 149123101 1,628 20,791 20,791 12,138 8,653 Cavalier Homes Common 149507105 198 125,280 125,280 80,315 44,965 Cavco Inds Common 149568107 715 20,398 20,398 20,153 245 Centex Common 152312104 949 39,201 39,201 27,598 11,603 Centillium Communications Common 152319109 35 53,610 53,610 14,385 39,225 Central Garden Common 153527106 283 61,382 61,382 38,412 22,970 Central Garden & Pet Class A Common 153527205 46 10,446 10,446 2,324 8,122 Ceradyne Common 156710105 290 9,081 9,081 5,760 3,321 Ceva Inc Common 157210105 1,589 207,734 207,734 151,812 55,922 Champion Enterprises Common 158496109 145 14,465 14,465 9,290 5,175 Charles and Covard Common 159765106 34 27,440 27,440 20,615 6,825 Charlotte Russe Hldg Common 161048103 275 15,885 15,885 5,485 10,400 Chesapeake Energy Common 165167107 4,333 93,888 93,888 65,196 28,692 Chevron Common 166764100 3,124 36,599 36,599 22,682 13,917 China Expert Tech Common 16938D104 6 46,487 46,487 21,817 24,670 Chromcraft Revington Common 171117104 188 42,160 42,160 30,350 11,810 Chubb Corporation Common 171232101 831 16,796 16,796 9,420 7,376 Cisco Systems Common 17275R102 697 28,933 28,933 17,133 11,800 Citadel Broadcasting Common 17285T106 140 84,082 84,082 61,359 22,723 Citigroup Inc. Common 172967101 1,639 76,535 76,535 42,583 33,952 Citizens Republic Bancorp Common 174420109 1,337 107,594 107,594 67,847 39,747 CKE Restaurants Common 12561E105 118 10,500 10,500 3,400 7,100 Clearfield Inc Common 18482p103 589 540,361 540,361 457,125 83,236 Coca Cola Co. Common 191216100 454 7,451 7,451 3,087 4,364 Cogent Common 19239Y108 1,706 180,939 180,939 123,607 57,332 Cohu Common 192576106 2,558 157,387 157,387 107,152 50,235 Colgate Palmolive Common 194162103 214 2,748 2,748 335 2,413 Communication Systems Common 203900105 1,095 101,640 101,640 77,125 24,515 Complete Production Services Common 20453E109 492 21,464 21,464 11,465 9,999 Computer Horizons Common 205908106 23 66,753 66,753 16,200 50,553 Compuware Common 205638109 1,892 257,830 257,830 200,130 57,700 Comstock Homebuilding Common 205684103 27 31,100 31,100 4,400 26,700 Comverse Technology Common 205862402 518 33,625 33,625 31,900 1,725 Concord Camera Common 206156200 43 11,385 11,385 3,905 7,480 Conocophillips Common 20825C104 3,332 43,722 43,722 28,183 15,539 Cooper Tire Common 216831107 1,199 80,066 80,066 54,083 25,983 Corning Common 219350105 2,701 112,372 112,372 67,079 45,293 Countrywide Financial Common 222372104 231 42,057 42,057 25,752 16,305 Craftmade International Common 22413E104 268 32,658 32,658 10,399 22,259 Credence Systems Common 225302108 114 67,154 67,154 31,109 36,045 CSP Inc. Common 126389105 407 67,550 67,550 42,345 25,205 CSX Common 126408103 8,613 153,611 153,611 101,754 51,857 Cummins Common 231021106 766 16,367 16,367 4,864 11,503 Cutera Common 232109108 197 14,620 14,620 6,355 8,265 Cyberoptics Common 232517102 1,161 106,305 106,305 67,727 38,578 Cypress Semiconductor Common 232806109 3,479 147,368 147,368 107,500 39,868 D R Horton Common 23331A109 3,745 237,748 237,748 143,233 94,515 Daimler Benz ADR Common D1668R123 1,977 23,105 23,105 17,668 5,437 Darden Restaurants Common 237194105 258 7,925 7,925 6,040 1,885 Dataram Common 238108203 1,796 596,588 596,588 453,938 142,650 Deckers Outdoor Common 243537107 942 8,738 8,738 4,526 4,212 Deere & Co. Common 244199105 260 3,234 3,234 510 2,724 Delta Apparel Common 247368103 272 45,025 45,025 43,870 1,155 Deltathree Common 24783N102 26 198,302 198,302 80,897 117,405 Devon Energy Common 25179M103 3,155 30,242 30,242 20,119 10,123 Diamond Offshore Common 25271c102 491 4,222 4,222 1,842 2,380 Diedrich Coffee Common 253675201 312 135,647 135,647 94,470 41,177 Digi International Common 253798102 1,300 112,634 112,634 86,249 26,385 Diodes Common 254543101 3,794 172,775 172,775 107,627 65,148 Disney, Walt Common 254687106 5,707 181,881 181,881 121,225 60,656 Ditech Communications Common 25500T108 534 181,610 181,610 106,056 75,554 Dixie Group Common 255519100 911 108,601 108,601 60,459 48,142 Dot Hill Systems Corp Common 25848t109 800 266,562 266,562 214,560 52,002 Dow Chemical Co. Common 260543103 2,877 78,069 78,069 54,666 23,403 DryShips Common Y2109Q101 4,484 74,850 74,850 51,795 23,055 Ducommun Common 264147109 1,570 56,723 56,723 48,753 7,970 Duke Energy Common 26441c105 236 13,200 13,200 4,365 8,835 DuPont Common 263534109 2,592 55,426 55,426 35,414 20,012 Dycom Industries Common 267475101 280 23,322 23,322 13,703 9,619 Eagles Materials Common 26969P108 985 27,698 27,698 14,273 13,425 Eastman Chemical Common 277432100 240 3,844 3,844 784 3,060 Eastman Kodak Co. Common 277461109 1,887 106,813 106,813 63,560 43,253 Eaton Common 278058102 2,496 31,324 31,324 20,339 10,985 E-Bay Common 278642103 254 8,505 8,505 5,725 2,780 Edgewater Technology Common 280358102 1,078 205,690 205,690 157,090 48,600 Electroglas Common 285324109 116 80,040 80,040 73,325 6,715 Electronics For Imaging Common 286082102 1,034 69,292 69,292 50,992 18,300 Electro-Sensors Common 285233102 226 50,086 50,086 27,710 22,376 Eli Lilly & Co. Common 532457108 2,193 42,512 42,512 27,246 15,266 ELong Inc. Common 290138205 850 99,679 99,679 62,390 37,289 EMC Corp Common 268648102 449 31,310 31,310 18,445 12,865 Emerson Radio Common 291087203 89 77,325 77,325 26,125 51,200 Empire Resources Common 29206e100 681 156,462 156,462 103,575 52,887 Endurance Specialty Common g30397106 1,309 35,759 35,759 25,415 10,344 Endwave Common 29264A206 149 24,485 24,485 16,615 7,870 Ensco International Common 26874Q100 417 6,658 6,658 3,648 3,010 Entertainment Dist. Co. Common 29382j105 51 99,470 99,470 25,887 73,583 Entorian Technologies Common 29383p100 177 149,966 149,966 98,256 51,710 Escalade Common 296056104 1,058 117,663 117,663 72,291 45,372 ESS Technology Common 269151106 85 56,960 56,960 23,907 33,053 Exar Corp Common 300645108 1,103 134,049 134,049 100,726 33,323 Exxon Mobil Common 30231G102 2,841 33,591 33,591 22,535 11,056 Fannie Mae Common 313586109 215 8,178 8,178 2,181 5,997 Farmer Bros. Common 307675108 1,283 55,466 55,466 32,406 23,060 FDX Common 31428X106 355 3,828 3,828 2,312 1,516 Finish Line CL A Common 317923100 329 69,213 69,213 45,078 24,135 FirstFed Financial Common 337907109 1,784 65,721 65,721 46,119 19,602 Five Star Quality Care Common 33832D106 91 14,264 14,264 7,119 7,145 Flanders Common 338494107 1,127 185,109 185,109 119,566 65,543 Flextronics Common Y2573F102 2,183 232,444 232,444 155,005 77,438 Force Protection Common 345203202 94 46,575 46,575 23,185 23,390 Ford Motor Co. Common 345370860 1,528 267,156 267,156 176,369 90,788 Forest Laboratories Common 345838106 1,875 46,863 46,863 32,991 13,872 Freeport McMoran Copper & Gold Common 35671D857 3,616 37,576 37,576 22,437 15,139 FreightCar America Common 357023100 1,811 52,793 52,793 33,296 19,497 Frequency Electronics Common 358010106 1,443 185,505 185,505 120,009 65,496 Frontline Ltd Common G3682E127 1,984 43,118 43,118 30,057 13,061 Frozen Food Express Common 359360104 989 124,505 124,505 81,903 42,602 FSI Int'l Common 302633102 50 37,675 37,675 18,000 19,675 Gap (The) Common 364760108 320 16,267 16,267 2,335 13,932 Gehl Co Common 368483103 451 26,647 26,647 17,570 9,077 General Electric Co. Common 369604103 3,460 93,498 93,498 60,081 33,418 General Maritime Common y2692m103 1,531 64,829 64,829 40,278 24,551 General Motors Common 370442105 742 38,963 38,963 26,133 12,830 Georgia Gulf Common 373200203 607 87,622 87,622 56,837 30,785 Gerdau Ameristeel Common 37373P105 1,742 123,478 123,478 61,784 61,694 GlaxoSmithkline PLC Common 37733W105 882 20,777 20,777 14,398 6,379 Global-Tech Appliances Common G39320109 696 224,401 224,401 157,700 66,701 Goldman Sachs Group Common 38141G104 759 4,592 4,592 2,535 2,057 Goodyear Tire Common 382550101 2,271 88,028 88,028 60,459 27,569 Grey Wolf, Inc Common 397888108 2,353 347,013 347,013 259,554 87,459 GTSI Corp. Common 36238k103 709 98,180 98,180 75,365 22,815 H&R Block Common 093671105 2,126 102,423 102,423 69,459 32,964 Halliburton Co. Common 406216101 762 19,368 19,368 5,283 14,085 Hanesbrands Inc Common 410345102 340 11,636 11,636 6,441 5,195 Hartford Financial Common 416515104 1,363 17,993 17,993 14,223 3,770 Hartmarx Common 417119104 831 284,526 284,526 223,507 61,019 Hasbro Common 418056107 1,273 45,638 45,638 31,190 14,448 Haynes International Common 420877201 505 9,211 9,211 6,560 2,651 Healthstream Common 42222N103 844 290,993 290,993 217,970 73,023 Helen of Troy Ltd. Common G4388N106 552 32,900 32,900 21,775 11,125 Hercules Offshore Common 427093109 303 12,065 12,065 6,690 5,375 Hershey Foods Common 427866108 237 6,295 6,295 4,070 2,225 Hess Corp Common 42809H107 334 3,783 3,783 1,205 2,578 Hewlett Packard Common 428236103 2,954 64,689 64,689 37,565 27,124 Highway Holdings Common G4481U106 308 157,152 157,152 81,267 75,885 Holly Corp. Common 435758305 1,512 34,832 34,832 31,036 3,796 Home Depot Common 437076102 2,959 105,788 105,788 74,483 31,305 Hovnanian Enterprises Common 442487203 730 68,851 68,851 56,874 11,977 HRPT Properties Common 40426W101 912 135,488 135,488 104,347 31,141 HSBC Holdings ADR Common 404280406 279 3,391 3,391 1,458 1,933 Humana Common 444859102 1,749 38,993 38,993 33,449 5,544 Huttig Building Products Common 448451104 497 214,069 214,069 157,444 56,625 Hypercom Common 44913m105 458 105,580 105,580 64,875 40,705 Idearc Common 451663108 41 11,303 11,303 9,599 1,704 Ikon Office Solutions Common 451713101 253 33,250 33,250 11,525 21,725 Imperial Sugar Co. Common 453096208 1,150 61,098 61,098 36,926 24,172 Independence Holdings Common 453440307 126 10,609 10,609 5,384 5,225 Indymac Bancorp Common 456607100 225 45,349 45,349 30,142 15,207 InFocus Common 45665B106 161 86,022 86,022 36,915 49,107 Infosonics Common 456784107 96 95,312 95,312 55,942 39,370 Ingersoll-Rand Company Ltd Common g4776g101 259 5,810 5,810 1,640 4,170 Insteel Industries Common 45774w108 1,034 88,944 88,944 45,413 43,531 Insure.com Common 45807n109 134 33,979 33,979 9,099 24,880 Integrated Device Common 458118106 2,237 250,492 250,492 167,456 83,036 Integrated Silicon Common 45812P107 2,117 349,992 349,992 235,901 114,091 Intel Common 458140100 2,698 127,394 127,394 81,158 46,236 Intevac Inc Common 461148108 892 68,855 68,855 38,690 30,165 Int'l Business Machines Common 459200101 2,820 24,489 24,489 16,371 8,118 Int'l Game Technology Common 459902102 2,981 74,133 74,133 43,012 31,121 Int'l Paper Common 460146103 1,866 68,617 68,617 46,146 22,471 Int'l Rectifier Common 460254105 766 35,618 35,618 24,001 11,617 Ipass Common 46261v108 876 290,206 290,206 200,868 89,338 Jabil Circuit Common 466313103 99 10,513 10,513 2,815 7,698 Jakks Pacific Inc Common 47012e106 5,241 190,090 190,090 126,550 63,540 JB Hunt Transport Services Common 445658107 213 6,765 6,765 1,165 5,600 JC Penney Co. Common 708160106 2,126 56,385 56,385 40,685 15,700 Jetblue Airways Common 477143101 222 38,230 38,230 19,595 18,635 Jo Ann Stores Common 47758P307 804 54,598 54,598 37,739 16,859 Johnson & Johnson Common 478160104 3,894 60,032 60,032 40,427 19,605 Joy Global Common 481165108 3,845 59,008 59,008 33,427 25,581 JP Morgan Chase Common 46625H100 3,109 72,376 72,376 41,522 30,854 Kaman Corp Common 483548103 1,958 69,203 69,203 57,508 11,695 KB Home Common 48666K109 1,974 79,840 79,840 52,529 27,311 Kemet Common 488360108 326 80,602 80,602 42,057 38,545 Key Energy Services Common 492914106 830 61,875 61,875 50,600 11,275 Keynote Systems Common 493308100 3,832 325,002 325,002 217,443 107,559 King Pharmaceuticals Common 495582108 1,152 132,424 132,424 98,593 33,831 KLA-Tencor Common 482480100 504 13,579 13,579 6,570 7,009 Kraft Foods CL A Common 50075N104 475 15,329 15,329 8,949 6,380 Kratos Defense & Securities Solutions Common 50077b108 1,033 564,502 564,502 400,265 164,237 Kulicke & Soffa Common 501242101 590 123,483 123,483 84,823 38,660 Lam Research Common 512807108 1,997 52,261 52,261 40,279 11,982 Landry's Restaurants Common 51508L103 892 54,804 54,804 36,650 18,154 LCA-Vision Common 501803308 770 61,590 61,590 41,827 19,763 Lear Corp Common 521865105 925 35,683 35,683 30,786 4,897 Lehman Brothers Holdings Common 524908100 1,439 38,236 38,236 29,565 8,671 Lennar Corp CL A Common 526057104 568 30,212 30,212 15,916 14,296 Lenox Group Common 526262100 268 151,545 151,545 83,469 68,076 Levitt CL A Common 52742P108 26 13,249 13,249 8,728 4,521 LMI Aerospace Common 502079106 2,674 138,068 138,068 127,632 10,436 Lockheed Martin Common 539830109 5,624 56,640 56,640 33,982 22,659 LookSmart Common 543442503 60 18,263 18,263 7,525 10,738 Lowes Companies Common 548661107 509 22,181 22,181 14,926 7,255 LSI Logic Common 502161102 465 93,853 93,853 48,109 45,744 M I Homes Inc Common 55305b101 323 19,025 19,025 16,345 2,680 Manpower Inc. Common 56418H100 2,331 41,436 41,436 24,263 17,173 Mansfelder Metals Ltd Common 56418u101 18 82,400 82,400 26,000 56,400 Marathon Oil Common 565849106 4,717 103,445 103,445 80,154 23,291 Mastec Common 576323109 135 16,413 16,413 7,004 9,409 Mattel Common 577081102 3,100 155,792 155,792 101,283 54,509 Mattson Technology Common 577223100 1,387 227,724 227,724 152,968 74,756 MBIA Inc. Common 55262c100 134 10,933 10,933 7,613 3,320 McDonalds Common 580135101 550 9,858 9,858 3,934 5,924 McKesson Common 58155Q103 3,781 72,198 72,198 49,160 23,038 McRae Industries CL A Common 582757209 1,271 76,123 76,123 47,365 28,758 MDC Holdings Common 552676108 983 22,450 22,450 16,989 5,461 Medtronic Common 585055106 375 7,759 7,759 3,895 3,864 Merck & Co. Common 589331107 2,339 61,634 61,634 41,204 20,430 Meritage Homes Common 59001A102 351 18,191 18,191 12,461 5,730 Merrill Lynch & Co. Common 590188108 998 24,502 24,502 13,432 11,070 Mesa Air Group Common 590479101 947 402,939 402,939 285,411 117,528 MGIC Investment Common 552848103 438 41,587 41,587 27,468 14,119 Micron Technology Common 595112103 286 47,938 47,938 24,146 23,792 Microsoft Common 594918104 4,107 144,709 144,709 99,622 45,088 Morgan Stanley Common 617446448 1,257 27,511 27,511 16,439 11,072 Mosaic Common 61945a107 1,719 16,758 16,758 12,966 3,792 Motorola Common 620076109 577 62,015 62,015 33,111 28,904 Mylan Laboratories Common 628530107 1,444 124,493 124,493 89,183 35,310 Nabors Industries Ltd. Common G6359F103 2,408 71,292 71,292 54,511 16,781 Nam Tai Electronics Common 629865205 2,005 208,902 208,902 136,972 71,930 Napster Common 630797108 26 17,536 17,536 6,758 10,778 National Presto Common 637215104 332 6,340 6,340 1,469 4,871 National Semiconductor Common 637640103 1,160 63,333 63,333 45,905 17,428 National Western Life Ins Co CL A Common 638522102 938 4,328 4,328 3,053 1,275 Nautilus Group Common 63910B102 367 111,484 111,484 65,407 46,077 Navios Maritime Holdings Inc. Common Y62196103 853 91,905 91,905 44,620 47,285 Navistar International Common 63934E108 2,524 41,966 41,966 31,851 10,115 NCI Building Systems Common 628852105 207 8,567 8,567 3,580 4,987 Netmanage Common 641144308 690 172,449 172,449 133,879 38,570 Network Equipment Technologies Common 641208103 1,966 299,236 299,236 210,008 89,228 New Motion Common 64754v105 2,413 548,423 548,423 377,802 170,621 Newell Rubbermaid Common 651229106 405 17,692 17,692 9,064 8,628 Nike CL B Common 654106103 289 4,248 4,248 1,152 3,096 Noble Energy Common 655044105 2,742 37,664 37,664 24,609 13,055 Nokia Common 654902204 5,038 158,270 158,270 101,730 56,540 Nordic American Common g65773106 870 31,063 31,063 25,010 6,053 Nordstrom Common 655664100 2,223 68,183 68,183 44,801 23,382 Norfolk Southern Common 655844108 5,944 109,428 109,428 72,315 37,113 Nova Measurement Common M7516K103 57 27,006 27,006 9,300 17,706 Novartis Common 66987V109 393 7,680 7,680 2,945 4,735 Novell Inc. Common 670006105 1,040 165,264 165,264 121,606 43,658 Novellus Systems Common 670008101 1,595 75,777 75,777 52,144 23,633 Nu Horizons Common 669908105 1,007 160,314 160,314 115,635 44,679 Nucor Common 670346105 605 8,926 8,926 3,146 5,780 Nutrisystem Common 67069D108 784 52,000 52,000 31,995 20,005 Nvidia Common 67066G104 2,790 140,991 140,991 108,959 32,032 O I CORP Common 670841105 1,217 103,150 103,150 86,400 16,750 Occidental Petroleum Common 674599105 5,795 79,194 79,194 49,597 29,597 Oceaneering International Common 675232102 2,245 35,641 35,641 32,531 3,110 Office Depot Common 676220106 420 37,982 37,982 25,649 12,333 OfficeMax Common 67622p101 506 26,438 26,438 16,276 10,162 Oil States Int'l Common 678026105 2,406 53,699 53,699 30,222 23,477 Olin Common 680665205 3,516 177,923 177,923 120,595 57,328 OM Group Common 670872100 2,435 44,640 44,640 32,886 11,754 Omnivision Tech Common 682128103 1,426 84,753 84,753 49,419 35,334 Onvia Common 68338T403 1,241 192,671 192,671 158,471 34,200 Oplink Communications Common 68375Q403 603 67,999 67,999 41,825 26,174 Optimal Group Common 68388R208 852 266,278 266,278 204,166 62,112 Oracle Common 68389X105 318 16,265 16,265 5,270 10,995 Orbit Int'l Common 685559304 4,700 577,433 577,433 372,256 205,176 Orleans Homebuilders Common 686588104 554 94,952 94,952 60,612 34,340 OSI Systems Common 671044105 3,842 166,892 166,892 108,721 58,171 Overseas Shipholding Group Common 690368105 2,232 31,866 31,866 23,491 8,375 Oxford Industries Common 691497309 584 25,904 25,904 17,429 8,475 P&F Industries CL A Common 692830508 783 122,320 122,320 74,895 47,425 Pacific State Bancorp CA Common 694864109 162 12,000 12,000 12,000 - Pacific Sunwear Common 694873100 441 35,010 35,010 23,285 11,725 Palomar Med Tech Common 697529303 1,535 101,658 101,658 63,570 38,088 Paragon Tech Common 69912T108 374 69,305 69,305 35,915 33,390 Parlux Fragrances Inc Common 701645103 30 10,260 10,260 2,800 7,460 Patrick Industries Common 703343103 73 10,367 10,367 2,017 8,350 Patterson Uti Energy Common 703481101 1,019 38,904 38,904 34,016 4,888 Peerless Systems Common 705536100 539 285,217 285,217 224,158 61,059 Pericom Semiconductor Common 713831105 3,286 223,809 223,809 157,014 66,795 Perini Corp Common 713839108 1,417 39,120 39,120 25,853 13,267 Petrohawk Energy Corp Common 716495106 2,735 135,587 135,587 100,472 35,115 Pfizer Common 717081103 3,167 151,324 151,324 100,650 50,674 Philip Morris Common 718172109 1,077 21,290 21,290 12,611 8,679 Phillips Van Heusen Common 718592108 1,250 32,959 32,959 19,503 13,456 Pier 1 Imports Common 720279108 67 10,705 10,705 7,000 3,705 Polycom Common 73172K104 449 19,927 19,927 18,528 1,399 Proctor & Gamble Common 742718109 375 5,346 5,346 2,866 2,480 Progress Software Common 743312100 367 12,250 12,250 2,250 10,000 Pulte Homes Common 745867101 865 59,431 59,431 48,379 11,052 PVF Capital Common 693654105 960 88,187 88,187 58,933 29,254 Qiao Xing Universal Telephone Common G7303A109 599 109,322 109,322 70,370 38,952 Qualcomm Common 747525103 271 6,621 6,621 2,506 4,115 Quiksilver Common 74838C106 1,725 175,801 175,801 141,988 33,813 Rackable Systems Common 750077109 351 38,489 38,489 23,360 15,129 Radian Group Common 750236101 91 13,913 13,913 7,705 6,208 Raymond James Common 754730109 422 18,342 18,342 3,949 14,393 Raytheon Co. Common 755111507 1,341 20,754 20,754 17,654 3,100 Ready Mix Common 755747102 901 145,306 145,306 104,731 40,575 Real Networks Common 75605L104 923 161,128 161,128 129,660 31,468 Regions Financial Common 7591eP100 246 12,436 12,436 6,313 6,123 Res-Care Common 760943100 1,959 114,240 114,240 83,275 30,965 Rex Stores Common 761624105 351 17,851 17,851 6,604 11,247 Reynolds American Inc. Common 761713106 2,403 40,709 40,709 31,773 8,936 RLI Corp. Common 749607107 361 7,285 7,285 1,312 5,973 Rock of Ages CL A Common 772632105 1,004 253,645 253,645 203,858 49,787 Rocky Shoes & Boots Common 774515100 427 75,437 75,437 49,611 25,826 Rowan Companies Common 779382100 3,437 83,461 83,461 54,027 29,434 Ryder Systems Common 783549108 209 3,430 3,430 440 2,990 Ryland Group Common 783764103 764 23,215 23,215 19,190 4,025 Saia Inc Common 78709y105 182 11,473 11,473 6,852 4,621 Sandisk Common 80004C101 1,360 60,240 60,240 40,125 20,115 Sanmina-SCI Common 800907107 79 48,959 48,959 31,255 17,704 Sanofi Aventis Common 80105n105 1,013 26,994 26,994 17,198 9,796 Sara Lee Common 803111103 2,308 165,076 165,076 107,400 57,676 Schering Plough Common 806605101 337 23,387 23,387 11,560 11,827 SCM Microsystems Common 784018103 184 70,785 70,785 32,665 38,120 Sea Containers A Common 811371707 5 78,827 78,827 39,286 39,541 Seagate Tech Common g7945j104 3,336 159,329 159,329 105,407 53,922 SEEC Common 784110108 7 80,450 80,450 16,150 64,300 Selectica Common 816288104 158 116,030 116,030 65,145 50,885 Sentry Technology Common 81731K101 3 43,826 43,826 26,225 17,601 Ship Finance Int'l Common G81075106 396 15,073 15,073 4,597 10,476 Sifco Industries Common 826546103 1,119 107,595 107,595 88,486 19,109 SigmaTel Common 82661W107 218 75,442 75,442 39,644 35,798 Silicon Storage Common 827057100 694 264,885 264,885 200,455 64,430 Skywest Common 830879102 246 11,639 11,639 3,279 8,360 Smith Midland Corp. Common 832156103 1,149 688,100 688,100 558,138 129,962 Soapstone Networks Common 833570104 1,223 170,777 170,777 136,693 34,084 Sonicwall Common 835470105 640 78,360 78,360 62,260 16,100 Source Interlink Common 836151209 54 28,650 28,650 15,925 12,725 SourceFire Common 83616T108 110 18,495 18,495 10,945 7,550 Sovereign Bancorp Common 845905108 493 52,938 52,938 38,935 14,003 Spartan Motors Common 846819100 620 73,280 73,280 42,040 31,240 Spartech Common 847220209 129 15,270 15,270 12,635 2,635 Spectrum Control Common 847615101 350 41,333 41,333 39,133 2,200 Sport-Haley Common 848925103 34 15,310 15,310 4,680 10,630 Sprint Nextel Common 852061100 464 69,329 69,329 37,282 32,047 Standard Microsystems Common 853626109 263 9,001 9,001 4,336 4,665 Standard Pacific Common 85375C101 317 65,267 65,267 33,941 31,326 Steel Dynamics Inc. Common 858119100 579 17,532 17,532 6,732 10,800 Steven Madden Ltd. Common 556269108 1,370 79,972 79,972 56,944 23,028 Stillwater Mining Co. Common 86074Q102 2,556 165,203 165,203 121,608 43,595 Sun Microsystems Common 866810203 843 54,299 54,299 23,570 30,729 Supergen Common 868059106 81 32,405 32,405 17,650 14,755 Supervalu Common 868536103 599 19,973 19,973 13,831 6,142 Swift Energy Common 870738101 355 7,894 7,894 3,908 3,986 Symantec Common 871503108 2,172 130,686 130,686 98,499 32,187 Symmetricom Common 871543104 194 55,554 55,554 25,694 29,860 Syms Common 871551107 150 12,350 12,350 3,700 8,650 Synopsys Common 871607107 277 12,216 12,216 4,120 8,096 Syntax Brillian Common 87163L103 229 233,422 233,422 175,185 58,237 Taiwan Semiconductor Common 874039100 1,250 121,721 121,721 93,444 28,277 Target Common 87612E106 1,387 27,363 27,363 20,046 7,317 Tata Motors Ltd Common 876568502 1,734 111,014 111,014 70,563 40,451 Technical Communications Common 878409101 262 50,390 50,390 32,140 18,250 Technology Research Corp Common 878727304 841 295,164 295,164 195,177 99,987 TeeKay Shipping Common Y8564W103 2,074 48,839 48,839 32,063 16,776 Tellabs Common 879664100 1,753 321,594 321,594 236,447 85,147 Teradyne Common 880770102 218 17,532 17,532 5,872 11,660 Tesoro Corp Common 881609101 2,238 74,593 74,593 54,595 19,998 Texas Instruments Common 882508104 2,640 93,403 93,403 59,884 33,518 The Travelers Companies Common 89417e109 3,592 75,070 75,070 50,689 24,381 The9 Limited Common 88337K104 282 13,751 13,751 10,165 3,586 Thomas Group Inc Common 884402108 295 116,763 116,763 72,580 44,183 THQ Inc. Common 872443403 3,445 158,036 158,036 111,662 46,374 Tidewater Common 886423102 3,598 65,284 65,284 50,977 14,307 TII Network Tech Common 872479209 1,378 769,997 769,997 603,660 166,337 Timberland Co. CL A Common 887100105 359 26,123 26,123 22,025 4,098 Time Warner Common 887317105 265 18,901 18,901 8,652 10,249 Timken Company Common 887389104 249 8,390 8,390 1,685 6,705 Toll Brothers Common 889478103 1,422 60,555 60,555 40,720 19,835 Tollgrade Communications Common 889542106 312 59,534 59,534 37,865 21,669 Toyota Motor Common 892331307 720 7,136 7,136 3,758 3,378 Transocean Inc. Common G90073100 5,433 40,187 40,187 25,964 14,223 Trident Microsystems Common 895919108 560 108,734 108,734 64,840 43,894 Trinity Industries Common 896522109 2,563 96,175 96,175 62,119 34,056 Trio-Tech Int'l Common 896712205 742 116,826 116,826 96,356 20,470 Triquint Semiconductor Common 89674K103 519 102,535 102,535 95,350 7,185 TrueBlue Inc Common 89785x101 457 34,020 34,020 21,935 12,085 Tsakos Energy Common G9108L108 4,961 161,277 161,277 112,935 48,342 TTM Technologies Common 87305R109 939 82,911 82,911 52,849 30,062 Ulticom Common 903844108 149 22,025 22,025 10,850 11,175 Ultratech Common 904034105 1,288 134,010 134,010 89,000 45,010 Unifi Common 904677101 1,398 483,825 483,825 360,375 123,450 Union Pacific Common 907818108 2,774 22,128 22,128 16,918 5,210 Unisys Common 909214108 51 11,450 11,450 4,900 6,550 Unit Corp. Common 909218109 1,175 20,740 20,740 7,221 13,519 United American Healthcare Common 90934C105 346 122,841 122,841 96,242 26,599 United Healthcare Common 91324p102 5,064 147,385 147,385 92,538 54,847 United Online Common 911268100 2,145 203,085 203,085 132,264 70,821 United Parcel Svc CL B Common 911312106 218 2,991 2,991 908 2,083 United Rentals Common 911363109 506 26,851 26,851 18,680 8,171 United States Steel Common 912909108 6,434 50,713 50,713 32,003 18,710 Unumprovident Common 91529Y106 1,273 57,850 57,850 47,450 10,400 UST Common 902911106 1,271 23,321 23,321 19,218 4,103 Utah Medical Products Common 917488108 1,657 55,971 55,971 32,901 23,070 Vaalco Energy, Inc. Common 91851c201 1,229 247,280 247,280 130,510 116,770 Valero Energy Common 91913y100 5,669 115,445 115,445 72,474 42,971 Valueclick Common 92046N102 2,964 171,811 171,811 86,291 85,520 Varian Semiconductor Common 922207105 3,293 116,970 116,970 81,662 35,308 Vascular Solutions Common 92231M109 534 87,103 87,103 77,968 9,135 Veeco Instruments Common 922417100 2,300 138,300 138,300 81,324 56,976 Verizon Communications Common 92343V104 1,626 44,602 44,602 32,950 11,652 Viropharma Inc Common 928241108 1,377 154,023 154,023 111,166 42,857 Vishay Intertechnology Common 928298108 2,045 225,740 225,740 140,354 85,386 Visteon Common 92839U107 220 58,551 58,551 23,375 35,176 W.R. Berkley Common 084423102 321 11,603 11,603 2,998 8,605 Wachovia Common 929903102 946 35,052 35,052 16,541 18,511 Walgreen Common 931422109 1,830 48,031 48,031 29,790 18,241 Wal-Mart Stores Common 931142103 1,404 26,656 26,656 15,808 10,848 Washington Mutual Common 939322103 1,209 117,371 117,371 66,414 50,957 Waste Management Common 94106L109 1,345 40,070 40,070 23,291 16,779 Wayside Technology Group Common 946760105 2,319 234,199 234,199 163,362 70,837 WCI Communities Common 92923C104 74 22,122 22,122 9,167 12,955 Wesco Intl Common 95082P105 876 24,014 24,014 15,510 8,504 Western Digital Common 958102105 5,784 213,892 213,892 154,035 59,857 Whirpool Common 963320106 1,061 12,231 12,231 9,083 3,148 Williams Industries Common 969493204 29 16,000 16,000 8,900 7,100 Williams Sonoma Common 969904101 616 25,422 25,422 13,697 11,725 Wireless Telecom Common 976524108 458 307,587 307,587 240,812 66,775 Wyeth Common 983024100 1,765 42,262 42,262 29,223 13,039 XL Capital Common G98255105 392 13,258 13,258 10,322 2,936 YRC Worldwide Common 984249102 1,340 102,161 102,161 74,600 27,561
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