0000902584-12-000002.txt : 20120214 0000902584-12-000002.hdr.sgml : 20120214 20120214151903 ACCESSION NUMBER: 0000902584-12-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORY RESEARCH INC CENTRAL INDEX KEY: 0000902584 IRS NUMBER: 132831881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05637 FILM NUMBER: 12608561 BUSINESS ADDRESS: STREET 1: 180 N. STETSON STREET STREET 2: STE 5500 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3125651414 MAIL ADDRESS: STREET 1: 180 N. STETSON STREET STREET 2: SUITE 5780 CITY: CHICAGO STATE: IL ZIP: 60601 13F-HR 1 ari4q11hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Quarter Ended: December 31, 2011 Check here if Amendment: [ ] # ____ This Amendment [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Advisory Research, Inc. Address: 180 North Stetson, Suite 5500 Chicago, IL 60601 13F File Number: 028-05637 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 the Reporting Manager: Name: Brien M. O'Brien Title: Chairman & CEO Phone: 312-565-1414 Signature, Place and Date of Signing: /s/ Brien M. O'Brien, Chairman & CEO Chicago, IL February 14, 2012 ------------------------------------ ----------- ----------------- Signature / Title City, State Date Report Type: [X] 13F HOLDINGS REPORT. Securities with an aggregate market value of $200,000 and above are reported in this report. [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE ADVISORY RESEARCH INC. Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 244 Form 13F Information Table Total Value ('000): 4834707 List of Other Managers: NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F HOLDINGS REPORT Report for the Quarter Ended: December 31, 2011 ADVISORY RESEARCH, INC. FORM 13F INFOMRATION TABLE NAME OF ISSUER TITLE CUSIP VALUE SH/P PUT INV OTR VOTE AUTHTY OF CL AMT('000) CALD SC MGR SOLE SHRD NONE COMMONWEALTH REIT 6.50% PFD 203233408 3155 155500 SOLE 155500 BANK OF AMERICA CORP CNV PFD 060505682 1611 2050 SOLE 2050 FIFTH THIRD BANCORP CNV PFD 316773209 426 3000 SOLE 3000 3M COMPANY COM 88579Y101 492 6016 SOLE 6016 A T & T INC (NEW) COM 00206R102 2471 81705 SOLE 81705 ACCENTURE PLC IRELAN CL A G1151C101 1506 28296 SOLE 28296 ADAMS RES & ENERGY I COM 006351308 2685 92239 SOLE 92239 AGREE REALTY CORP CO COM 008492100 585 24000 SOLE 24000 ALAMO GROUP INC COM COM 011311107 1309 48590 SOLE 48590 ALCOA INC COM 013817101 1191 137643 SOLE 137643 ALTRIA GROUP INC COM 02209S103 1458 49162 SOLE 49162 AMERCO INC COM 023586100 31473 356035 SOLE 356035 AMERICAN EXPRESS CO COM 025816109 16665 353306 SOLE 353306 AMERICAN RAILCAR IND COM 02916P103 50901 2127077 SOLE 2127077 AMERICAN SAFETY INS COM G02995101 2557 117549 SOLE 117549 ANALOGIC CORP COM 032657207 49648 866153 SOLE 866153 ANDERSONS INC COM 034164103 212 4860 SOLE 4860 ANNALY MTG MGMT INC COM 035710409 14151 886670 SOLE 886670 APACHE CORP COM 037411105 348 3845 SOLE 3845 APPLE INC COM 037833100 775 1913 SOLE 1913 APPROACH RESOURCES I COM 03834A103 1877 63824 SOLE 63824 ARMSTRONG WORLD INDS COM 04247X102 241 5500 SOLE 5500 ASSISTED LIVING CONC CL A 04544X300 39362 2643487 SOLE 2643487 ASTRAZENECA PLC SPON COM 046353108 992 21440 SOLE 21440 ATLAS AIR WORLDWIDE COM 049164205 59023 1535847 SOLE 1535847 AVALON HLDGS CORP CL CL A 05343P109 1089 375703 SOLE 375703 AVATAR HOLDINGS INC COM 053494100 500 69668 SOLE 69668 AVNET INC COM 053807103 137753 4430771 SOLE 4430771 BANCO LATINOAMERICAN COM P16994132 7028 437908 SOLE 437908 BANCO SANTANDER BRAS COM 05967A107 119 14658 SOLE 14658 BARNWELL INDS INC COM 068221100 222 82149 SOLE 82149 BBCN BANCORP INC COM COM 073295107 1886 199547 SOLE 199547 BECTON DICKINSON & C COM 075887109 13386 179149 SOLE 179149 BERKLEY W R CORP COM 084423102 47464 1380169 SOLE 1380169 BERKSHIRE HATHAWAY I COM 084670108 8492 74 SOLE 74 BERKSHIRE HATHAWAY I CL B 084670702 16075 210687 SOLE 210687 BERKSHIRE HILLS BANC COM 084680107 1649 74326 SOLE 74326 BEXIL CORP COM 088577101 2911 88200 SOLE 88200 BOSS HLDGS INC COM 10011B200 1105 138150 SOLE 138150 BOSWELL J G CO COM 101205102 1029 1481 SOLE 1481 CABOT CORP COM 127055101 48018 1494031 SOLE 1494031 CABOT OIL & GAS CORP COM 127097103 144558 1904582 SOLE 1904582 CAGLES INC CL A CL A 127703106 6 127000 SOLE 127000 CAPITALSOURCE INC CO COM 14055X102 16557 2471208 SOLE 2471208 CAPITOL FEDERAL FINA COM 14057J101 953 82542 SOLE 82542 CAPSTEAD MTG CORP CO COM 14067E506 2923 235000 SOLE 235000 CARRIZO OIL & GAS IN COM 144577103 56432 2141617 SOLE 2141617 CASEYS GEN STORES IN COM 147528103 95990 1863519 SOLE 1863519 CATERPILLAR INC COM 149123101 18297 201958 SOLE 201958 CENTERPOINT ENERGY I COM 15189T107 2447 121816 SOLE 121816 CENTURYLINK INC. COM 156700106 1089 29287 SOLE 29287 CHESAPEAKE ENERGY CO COM 165167107 4935 221399 SOLE 221399 CHEVIOT FINL CORP COM 166774109 1689 227005 SOLE 227005 CHEVRON CORPORATION COM 166764100 23332 219287 SOLE 219287 CHICAGO RIVET & MACH COM 168088102 1117 65700 SOLE 65700 CHICOS FAS INC COM 168615102 37225 3341556 SOLE 3341556 CHINA YUCHAI INTL LT COM G21082105 1736 125896 SOLE 125896 CHUBB CORP COM 171232101 1680 24266 SOLE 24266 CINCINNATI FINL CORP COM 172062101 1373 45070 SOLE 45070 CIT GROUP INC COM 125581801 63910 1832800 SOLE 1832800 COAST DISTRIBUTION S COM 190345108 146 64956 SOLE 64956 COLGATE PALMOLIVE CO COM 194162103 339 3664 SOLE 3664 COMCAST CORP CL A CL A 20030N101 18397 775907 SOLE 775907 COMMONWEALTH REIT SH COM 203233101 34724 2086763 SOLE 2086763 COMMUNICATIONS SYS I COM 203900105 2930 208422 SOLE 208422 CORE MARK HOLDING CO COM 218681104 57198 1444406 SOLE 1444406 CREDO PETE CORP COM COM 225439207 343 33599 SOLE 33599 CSR PLC SPONSORED AD COM 12640Y205 404 35339 SOLE 35339 CVB FINL CORP COM 126600105 1055 105150 SOLE 105150 DELTIC TIMBER CORP COM 247850100 65262 1080672 SOLE 1080672 DENBURY RESOURCES IN COM 247916208 112188 7429674 SOLE 7429674 DISCOVER FINANCIAL S COM 254709108 69663 2902633 SOLE 2902633 EASTERN INS HLDGS IN COM 276534104 6359 454877 SOLE 454877 EL PASO ELEC CO COM 283677854 482 13910 SOLE 13910 EMERSON ELEC CO COM 291011104 12182 261465 SOLE 261465 ENCANA CORP COM 292505104 925 49901 SOLE 49901 ENCORE WIRE CORP COM 292562105 90975 3512551 SOLE 3512551 ENDEAVOUR INTL 5.500 COM 29257MAD2 2072 2500000 SOLE 2500000 ENSTAR GROUP LIMITED COM G3075P101 73278 746214 SOLE 746214 EOG RESOURCES INC COM 26875P101 6437 65348 SOLE 65348 EQUITY RESIDENTIAL P COM 29476L107 202 3547 SOLE 3547 ESPEY MFG & ELECTRS COM 296650104 3216 137983 SOLE 137983 EV ENERGY PARTNERS L COM 26926V107 32368 491175 SOLE 491175 EVOLUTION PETROLEUM COM 30049A107 13057 1621955 SOLE 1621955 EXXON MOBIL CORP COM 30231G102 290 3423 SOLE 3423 FAMILY DLR STORES IN COM 307000109 69125 1198840 SOLE 1198840 FIFTH THIRD BANCORP COM 316773100 39742 3124392 SOLE 3124392 FIRSTCITY FINANCIAL COM 33761X107 1020 119997 SOLE 119997 FOOT LOCKER INC COM 344849104 146480 6144315 SOLE 6144315 FOSTER L B CO COM 350060109 761 26890 SOLE 26890 FROZEN FOOD EXPRESS COM 359360104 27 20998 SOLE 20998 FUELCELL ENERGY INC COM 35952H106 32 37000 SOLE 37000 GASTAR EXPL LTD COM COM 367299203 130 41000 SOLE 41000 GATX CORP COM 361448103 80220 1837371 SOLE 1837371 GENERAL DYNAMICS COR COM 369550108 347 5226 SOLE 5226 GLAXOSMITHKLINE PLC COM 37733W105 1272 27880 SOLE 27880 GOODRICH PETE CORP C COM 382410405 1762 128318 SOLE 128318 GOVERNMENT PPTYS INC COM 38376A103 1121 49730 SOLE 49730 GREENE CNTY BANCORP COM 394357107 810 47626 SOLE 47626 HALLWOOD GROUP INC P COM 406364406 377 41555 SOLE 41555 HARRIS CORP COM 413875105 5531 153481 SOLE 153481 HASBRO INC COM 418056107 907 28455 SOLE 28455 HATTERAS FINL CORP C COM 41902R103 4435 168200 SOLE 168200 HEALTHCARE SERVICES COM 421906108 54478 3079592 SOLE 3079592 HERITAGE FINANCIAL G COM 42726X102 3198 271000 SOLE 271000 HEWLETT PACKARD CO COM 428236103 11701 454231 SOLE 454231 HF FINL CORP COM 404172108 1030 95608 SOLE 95608 HOME FEDERAL BANCORP COM 43710G105 4383 421449 SOLE 421449 HOME PPTYS INC COM 437306103 979 17000 SOLE 17000 HYATT HOTELS CORP CL CL A 448579102 57585 1529887 SOLE 1529887 I B M COM 459200101 958 5212 SOLE 5212 IMATION CORP COM 45245A107 1399 244232 SOLE 244232 INTERNATIONAL SPEEDW CL A 460335201 33209 1310007 SOLE 1310007 INVESTORS BANCORP IN COM 46146P102 87831 6515650 SOLE 6515650 ISHARES TR RUSSL 200 COM 464287630 6871 104670 SOLE 104670 J.P. MORGAN CHASE & COM 46625H100 22633 680690 SOLE 680690 JEFFERIES GROUP INC COM 472319102 2133 155120 SOLE 155120 JOHNSON & JOHNSON COM 478160104 24490 373434 SOLE 373434 K12 INC COM COM 48273U102 179 10000 SOLE 10000 KAISER ALUMINUM CORP COM 483007704 128542 2801696 SOLE 2801696 KEYCORP COM 493267108 37628 4893170 SOLE 4893170 KINDER MORGAN EGY PT COM 494550106 5880 69220 SOLE 69220 KOHLS CORP COM 500255104 15146 306904 SOLE 306904 LEE ENTERPRISES INC COM 523768109 226 320900 SOLE 320900 LEUCADIA NATIONAL CO COM 527288104 110183 4845320 SOLE 4845320 LIMONEIRA CO COM 532746104 1438 85050 SOLE 85050 MAGELLAN PETE CORP COM 559091301 1238 1278720 SOLE 1278720 MAGNUM HUNTER RES CO COM 55973B102 2749 510100 SOLE 510100 MARCUS CORP COM 566330106 29442 2334799 SOLE 2334799 MARINEMAX INC COM 567908108 420 64392 SOLE 64392 MCCORMICK & CO INC N COM 579780206 1807 35834 SOLE 35834 MCDONALDS CORP COM 580135101 19711 196458 SOLE 196458 MCRAE INDS INC CL A CL A 582757209 1666 130161 SOLE 130161 MEDTRONIC INC COM 585055106 15149 396047 SOLE 396047 MENS WEARHOUSE INC COM 587118100 103507 3193675 SOLE 3193675 MERCK & COMPANY COM 58933Y105 18980 503457 SOLE 503457 MEREDITH CORP COM 589433101 1087 33290 SOLE 33290 MERIDIAN INTERSTAT B COM 58964Q104 4748 381354 SOLE 381354 MICROSOFT CORP COM 594918104 22325 859962 SOLE 859962 MID-AMER APT CMNTYS COM 59522J103 1188 19000 SOLE 19000 MOLEX INC CL A CL A 608554200 93628 4733481 SOLE 4733481 MOTORCAR PTS & ACCES COM 620071100 682 90958 SOLE 90958 MOTOROLA SOLUTIONS I COM 620076307 13040 281702 SOLE 281702 NAVIGATORS GROUP INC COM 638904102 23252 487660 SOLE 487660 NEW ULM TELECOM INC COM 649060100 1005 143640 SOLE 143640 NEWFIELD EXPL CO COM COM 651290108 6042 160129 SOLE 160129 NORTHERN OIL & GAS I COM 665531109 1678 69989 SOLE 69989 NORTHERN TR CORP COM 665859104 478 12059 SOLE 12059 NORTHROP GRUMMAN COR COM 666807102 14922 255168 SOLE 255168 OLYMPIC STEEL INC COM 68162K106 23235 996364 SOLE 996364 ONEBEACON INSURANCE CL A G67742109 50834 3303036 SOLE 3303036 ONEOK INC COM 682680103 62364 719386 SOLE 719386 ONEOK PARTNERS L P COM 68268N103 220 3810 SOLE 3810 ORAMED PHARM INC COM 68403P104 3 10000 SOLE 10000 ORIENTAL FINL GROUP COM 68618W100 36027 2974960 SOLE 2974960 ORITANI FINL CORP COM 68633D103 5268 412550 SOLE 412550 PACIFIC PREMIER BANC COM 69478X105 513 80906 SOLE 80906 PANHANDLE OIL AND GA CL A 698477106 949 28910 SOLE 28910 PENN VIRGINIA CORP COM 707882106 1698 321052 SOLE 321052 PENNEY J C INC COM 708160106 80505 2290333 SOLE 2290333 PEPSICO INC COM 713448108 20427 307872 SOLE 307872 PETROQUEST ENERGY IN COM 716748108 167 25250 SOLE 25250 PIMCO CORPORATE & IN COM 72201B101 9300 535385 SOLE 535385 PIMCO CORPORATE & IN COM 72200U100 10119 634414 SOLE 634414 PIONEER NATURAL RESO COM 723787107 14513 162193 SOLE 162193 PIPER JAFFRAY COMPAN COM 724078100 3129 154917 SOLE 154917 PLAINS ALL AMERN PIP COM 726503105 29240 398099 SOLE 398099 PLAINS EXPLORATION & COM 726505100 8078 220000 SOLE 220000 PLUM CREEK TIMBER CO COM 729251108 89664 2452527 SOLE 2452527 PROCTER & GAMBLE COM COM 742718109 2092 31356 SOLE 31356 RANGE RES CORP COM 75281A109 73235 1182347 SOLE 1182347 RAYMOND JAMES FINANC COM 754730109 90261 2915399 SOLE 2915399 RAYTHEON CO COM 755111507 14348 296564 SOLE 296564 REGENCY AFFILIATES I COM 758847404 685 114215 SOLE 114215 RESOLUTE ENERGY CORP COM 76116A108 45468 4210006 SOLE 4210006 REX ENERGY CORPORATI COM 761565100 294 19950 SOLE 19950 RICHARDSON ELECTRS L COM 763165107 5647 459478 SOLE 459478 RUBY TUESDAY INC COM COM 781182100 417 60390 SOLE 60390 SCHEID VINEYARDS INC CL A 806403200 299 33210 SOLE 33210 SCHNITZER STL INDS I CL A 806882106 63548 1503018 SOLE 1503018 SENECA FOODS CORP NE CL A 817070501 11903 461013 SOLE 461013 SHENANDOAH TELECOMMU COM 82312B106 2663 254115 SOLE 254115 SHOE CARNIVAL INC COM 824889109 2433 94653 SOLE 94653 SL GREEN RLTY CORP COM 78440X101 104707 1571240 SOLE 1571240 SLM CORPORATION COM 78442P106 1448 108024 SOLE 108024 SM ENERGY CO COM COM 78454L100 10965 150000 SOLE 150000 SMUCKER J M CO COM 832696405 18960 242552 SOLE 242552 SOUTHERN CO COM 842587107 1158 25006 SOLE 25006 SPIRIT AEROSYSTEMS H CL A 848574109 127073 6115136 SOLE 6115136 SPRINT NEXTEL CORP COM 852061100 32 13534 SOLE 13534 ST JUDE MED INC COM 790849103 12582 366816 SOLE 366816 STAGE STORES INC COM 85254C305 31591 2274405 SOLE 2274405 STANCORP FINL GROUP COM 852891100 25861 703707 SOLE 703707 STAPLES INC COM 855030102 8244 593545 SOLE 593545 STIFEL FINANCIAL COR COM 860630102 207 6450 SOLE 6450 SUN BANCORP INC COM 86663B102 1213 501113 SOLE 501113 SUPERIOR UNIFORM INC COM 868358102 4250 346403 SOLE 346403 SUPREME INDS INC CL CL A 868607102 235 93631 SOLE 93631 SYMETRA FINL CORP COM 87151Q106 45572 5024490 SOLE 5024490 SYNNEX CORP COM 87162W100 1043 34250 SOLE 34250 SYSCO CORP COM 871829107 17834 608052 SOLE 608052 SYSTEMAX INC COM COM 871851101 1391 84737 SOLE 84737 TANDY BRANDS ACCESSO COM 875378101 427 435939 SOLE 435939 TARGET CORP COM 87612E106 16448 321115 SOLE 321115 TECH DATA CORP COM 878237106 117620 2380499 SOLE 2380499 TERRITORIAL BANCORP COM 88145X108 2726 138000 SOLE 138000 TESSCO TECHNOLOGIES COM 872386107 4742 343130 SOLE 343130 TEXAS INDS INC COM 882491103 200 6500 SOLE 6500 THIRD CENTY BANCORP COM 884120106 182 72797 SOLE 72797 TRINITY INDS INC COM 896522109 129085 4294260 SOLE 4294260 TUESDAY MORNING CORP COM 899035505 265 76812 SOLE 76812 ULTRA PETE CORP COM 903914109 26335 888798 SOLE 888798 UMB FINANCIAL CORP COM 902788108 614 16490 SOLE 16490 UNILEVER PLC SPON AD COM 904767704 17955 535661 SOLE 535661 UNITED FINANCIAL BAN COM 91030T109 4178 259687 SOLE 259687 UNITED FIRE & CAS CO COM 910331107 16504 817819 SOLE 817819 UNITED TECHNOLOGIES COM 913017109 15643 214026 SOLE 214026 UNITEDHEALTH GROUP I COM 91324P102 17781 350851 SOLE 350851 UNIVERSAL AMERICAN S COM 91338E101 1117 87875 SOLE 87875 UNIVERSAL SEC INSTRS COM 913821302 144 27351 SOLE 27351 VAIL RESORTS INC COM 91879Q109 116707 2755124 SOLE 2755124 VALERO 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SOLE 29986 MFS MULTIMARKET INCO SH BEN 552737108 1091 162380 SOLE 162380 BLACKROCK CORE BD TR SHS BEN 09249E101 1133 83830 SOLE 83830 ISHARES TR US PFD ST US PFD STK 464288687 1524 42790 SOLE 42790 HARTFORD FINL SVCS *W EXP 416515120 137 15000 SOLE 15000 JPMORGAN CHASE & CO *W EXP 46634E114 196 23000 SOLE 23000 4834707 244