-----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, K9+88D+XFtkk0NrFXu23KeOt3kpkfeyySIxsBsYHQmSXN8A1JbV2dyen/4ZLR8eA GtOVEEQcOtaUCueJU8WjGw== 0001144204-08-027287.txt : 20080509 0001144204-08-027287.hdr.sgml : 20080509 20080509150252 ACCESSION NUMBER: 0001144204-08-027287 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080509 DATE AS OF CHANGE: 20080509 EFFECTIVENESS DATE: 20080509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WHITE PINE CAPITAL LLC CENTRAL INDEX KEY: 0001137429 IRS NUMBER: 411933144 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06425 FILM NUMBER: 08817930 BUSINESS ADDRESS: STREET 1: 60 SOUTH SIXTH STREET, SUITE 2530 CITY: MINNEAPOLIS STATE: MN ZIP: 55391 BUSINESS PHONE: 6123769765 13F-HR 1 v113443_13f-hr.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: March 31, 2008 --------------------------------- Check here if Amendment |_|; Amendment Number: This Amendment (Check only one.): |_| is a restatement. |_| adds new holding entries. Institutional Investment Manager Filing this Report: Name: White Pine Capital, LLC ---------------------------------------------------------------------- Address: 60 South Sixth Street, Suite 2530 ---------------------------------------------------------------------- Minneapolis, MN 55402 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Form 13F File Number: 28-06425 -------------------- 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: Mike Wallace ---------------------------------------------------------------------- Title: ---------------------------------------------------------------------- Phone: (612) 376-2961 ---------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Mike Wallace Minneapolis, MN 05-09-2008 - ---------------------------------- ------------------------------- ---------- [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 is 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: 275 ------------------- Form 13F Information Table Value Total: $389,053 ------------------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(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 White Pine Capital, LLC FORM 13F 31-MAR-07
Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other -------------------------- Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None - ------------------------------ --------- --------- -------- --------- --- ---- ------- -------- -------- ------ -------- 3M CO COM 88579Y101 15526 196162 SH Sole 23290 172872 ABBOTT LABS COM COM 002824100 3720 67450 SH Sole 39575 27875 33 600 SH Other 600 ACCESS INTEGRATED TECH INC COM 004329108 899 285425 SH Sole 184275 101150 ADOBE SYSTEMS INC COM 00724F101 1264 35525 SH Sole 19450 16075 AETRIUM INC COM COM 00817R103 43 11000 SH Sole 11000 AIR PRODUCTS & CHEMICAL COM 009158106 1104 12000 SH Sole 8125 3875 AKAMAI TECHNOLOGIES COM 00971T101 417 14800 SH Sole 14800 ALADDIN KNOWLEDGE SYS COM M0392N101 432 22700 SH Sole 12525 10175 ALANCO TECHNOLOGIES INC COM 011612603 680 723850 SH Sole 427450 296400 ALBANY INTL CORP COM 012348108 740 20475 SH Sole 14000 6475 ALLSTATE CORP COM COM 020002101 330 6875 SH Sole 800 6075 ALTRIA GROUP INC COM 02209S103 568 25595 SH Sole 17775 7820 AMERICA SERVICE GROUP INC COM 02364L109 164 27019 SH Sole 10719 16300 AMERICAN BIO MEDICA CORP COM 024600108 395 565000 SH Sole 347000 218000 AMERICAN INTL GROUP COM COM 026874107 2170 50167 SH Sole 32050 18117 ANALYSTS INTERNATIONAL INC COM 032681108 77 46000 SH Sole 46000 ANNTAYLOR STORES CORP COM 036115103 799 33025 SH Sole 20400 12625 APAC CUSTOMER SERVICES INC COM 00185E106 24 28000 SH Sole 14000 14000 APACHE CORP COM COM 037411105 564 4664 SH Sole 628 4036 APOGEE ENTERPRISES INC COM COM 037598109 1101 71525 SH Sole 44425 27100 APPLIANCE RECYCLING CENTERS OF COM 03814F205 444 90475 SH Sole 48125 42350 APPLIED SIGNAL TECHNOLOGY COM 038237103 421 35700 SH Sole 22000 13700 ART TECHNOLOGY GROUP INC COM 04289L107 2760 711425 SH Sole 438000 273425 ASSOCIATED BANC-CORP COM 045487105 251 9416 SH Sole 9416 AT&T INC COM 00206R102 7584 198009.27 SH Sole 109357 88652.27 AUTOMATIC DATA PROCESS COM COM 053015103 1555 36690 SH Sole 23450 13240 BANK OF AMERICA CORP COM COM 060505104 2020 53280 SH Sole 30183 23097 BEACON ROOFING SUPPLY COM 073685109 585 58525 SH Sole 38825 19700 BERKSHIRE HATHAWAY INC CL B COM 084670207 747 167 SH Sole 167 BEST BUY INC COM COM 086516101 2080 50157 SH Sole 29807 20350 BIOSCRIP INC COM 09069N108 4455 658975 SH Sole 359550 299425 BON-TON STORES INC COM 09776J101 505 92235 SH Sole 54250 37985 BOOKHAM INC COM 09856E105 310 226450 SH Sole 153750 72700 BOSTON SCIENTIFIC CORP COM COM 101137107 3351 260335 SH Sole 151535 108800 BRISTOL MYERS SQUIBB COM COM 110122108 271 12740 SH Sole 2100 10640 2 100 SH Other 100 BROWN SHOE COMPANY COM 115736100 741 49200 SH Sole 32675 16525 C H ROBINSON WORLDWIDE COM COM 12541W209 1671 30725 SH Sole 10700 20025 CALAVO GROWERS COM 128246105 1862 107500 SH Sole 59300 48200 CALIPER LIFE SCIENCES COM 130872104 485 129250 SH Sole 84075 45175 CAMPBELL SOUP COMPANY COM 134429109 2345 69075 SH Sole 43225 25850 CAPITALSOURCE INC COM 14055X102 337 34821 SH Sole 23433 11388 CARTER'S INC COM 146229109 1301 80550 SH Sole 57175 23375 CASH SYSTEMS INC COM 14756B102 311 598750 SH Sole 377450 221300 CENTENNIAL COMMUNICATIONS CORP COM 15133V208 554 93800 SH Sole 63750 30050 CERNER CORP COM 156782104 1147 30775 SH Sole 20400 10375 CHEVRON CORPORATION COM 166764100 7518 88076 SH Sole 50415 37661 CIENA CORP COM 171779309 750 24342 SH Sole 15382 8960 CIPRICO INC COM 172529109 348 232250 SH Sole 133000 99250 CISCO SYS INC COM COM 17275R102 3428 142315 SH Sole 92100 50215 CITIGROUP INC COM COM 172967101 942 43992 SH Sole 26398 17594 CITY NATL CORP COM COM 178566105 482 9750 SH Sole 6775 2975 CMGI INC COM 125750307 1037 78200 SH Sole 50870 27330 CNS RESPONSE - LEGEND COM cnsolgd 45 45000 SH Sole 45000 COCA COLA CO COM COM 191216100 3297 54169 SH Sole 31400 22769 COLGATE-PALMOLIVE CO COM 194162103 3194 41000 SH Sole 23750 17250 COMMUNICATIONS SYS INC COM COM 203900105 856 79450 SH Sole 48675 30775 CRITICARE SYSTEMS INC COM 226901106 3574 661775 SH Sole 371575 290200 CSX CORP COM COM 126408103 343 6120 SH Sole 2264 3856 CYBEROPTICS CORP COM COM 232517102 1157 105925 SH Sole 52800 53125 CYBEX INTERNATIONAL INC COM 23252E106 459 120375 SH Sole 77700 42675 DAKTRONICS INC COM 234264109 977 54525 SH Sole 28725 25800 DATALINK CORP COM 237934104 1534 388375 SH Sole 215550 172825 DESCARTES SYSTEMS GROUP INC COM 249906108 481 137450 SH Sole 89250 48200 DEXCOM INC COM 252131107 915 221050 SH Sole 119025 102025 DIRECTV GROUP COM 25459L106 280 11277 SH Sole 2555 8722 DOLAN MEDIA COMPANY COM 25659P402 567 28175 SH Sole 18400 9775 DONALDSON INC COM COM 257651109 489 12144 SH Sole 1460 10684 E M C CORP MASS COM COM 268648102 359 25017 SH Sole 7672 17345 E TRADE COM 269246104 252 65399 SH Sole 65399 EATON CORP COM COM 278058102 404 5067 SH Sole 1517 3550 EDIETS.COM INC COM 280597105 707 159925 SH Sole 98925 61000 ELI LILLY CO COM 532457108 2564 49690 SH Sole 32700 16990 EMERSON ELEC CO COM COM 291011104 214 4150 SH Sole 1150 3000 ENERGYTEC INC COM 29275M108 4 293240 SH Sole 293240 EOG RES INC COM COM 26875P101 881 7338 SH Sole 800 6538 EPIQ SYSTEMS INC COM 26882D109 2707 174447 SH Sole 99585 74862 EXXON MOBIL CORP COM COM 30231G102 11923 140967 SH Sole 78796 62171 FEI COMPANY COM 30241L109 2794 128000 SH Sole 85625 42375 FIRST AMERICAN CORP COM 318522307 735 21650 SH Sole 14175 7475 FPL GROUP INC COM COM 302571104 560 8932 SH Sole 1700 7232 FREEPORT-MCMORAN COPPER COM 35671D857 2207 22934 SH Sole 15950 6984 FSI INTL INC COM COM 302633102 761 572475 SH Sole 351400 221075 FUQI INTERNATIONAL INC COM 36102A207 352 49300 SH Sole 29400 19900 GENERAL DYNAMICS CO COM 369550108 780 9350 SH Sole 2400 6950 GENERAL ELEC CO COM COM 369604103 12517 338194 SH Sole 189939 148255 GENERAL MILLS INC COM 370334104 2860 47765 SH Sole 28125 19640 GENERAL MTRS CORP COM COM 370442105 1005 52750 SH Sole 29850 22900 GEOEYE INC COM 37250W108 771 29675 SH Sole 19450 10225 GLOBAL INDUSTRIES COM 379336100 1652 102650 SH Sole 70075 32575 GLOBAL PARTNERS COM 37946R109 299 16600 SH Sole 5500 11100 GLOBAL TRAFFIC NETWORK COM 37947B103 830 94725 SH Sole 60775 33950 GRACO INC COM COM 384109104 2609 71953 SH Sole 41925 30028 GULFMARK OFFSHORE INC COM 402629109 3174 58000 SH Sole 36375 21625 HALLMARK FINANCIAL SERVICES COM 40624Q203 1124 100675 SH Sole 67975 32700 HARRIS CORP COM 413875105 2813 57970 SH Sole 38570 19400 HAWK CORP - CLASS A COM 420089104 254 14525 SH Sole 8175 6350 HEALTH FITNESS CORP COM 42217V102 482 204900 SH Sole 83950 120950 HEALTHAXIS INC COM 42219D308 145 183250 SH Sole 121850 61400 HERCULES OFFSHORE INC. COM 427093109 607 24175 SH Sole 16325 7850 HERITAGE WORLDWIDE INC COM 427266101 8 20100 SH Sole 20100 HOME DEPOT INC COM COM 437076102 2242 80163 SH Sole 51800 28363 HONEYWELL INTL INC COM COM 438516106 1832 32467 SH Sole 17799 14668 HOOPER HOLMES, INC. COM 439104100 10 15000 SH Sole 15000 HORMEL FOODS CORP COM COM 440452100 6002 144075 SH Sole 89375 54700 I-MANY INC COM 44973Q103 1047 436200 SH Sole 273600 162600 I-TRAX INC COM 45069D203 810 151475 SH Sole 97875 53600 ICT GROUP COM 44929Y101 346 34300 SH Sole 22625 11675 IMAGE SENSING SYSTEMS COM 45244C104 597 48550 SH Sole 29450 19100 INSIGNIA SYSTEMS INC COM 45765Y105 64 24900 SH Sole 24900 INTEGRAL SYSTEMS INC COM 45810H107 2300 78700 SH Sole 51075 27625 INTEGRYS ENERGY GROUP COM 45822P105 4827 103500 SH Sole 64425 39075 INTEL CORP COM COM 458140100 5379 253958 SH Sole 133075 120883 INTERLINE BRANDS INC COM 458743101 1109 59800 SH Sole 39700 20100 INTERNATIONAL BUS MACH COM COM 459200101 611 5306 SH Sole 1070 4236 18 160 SH Other 160 INTL FLAVORS & FRAGRANCES COM 459506101 2487 56450 SH Sole 34150 22300 ION GEOPHYSICAL CORP COM 462044108 2391 173225 SH Sole 115975 57250 IRIS INTERNATIONAL INC COM 46270W105 2663 200700 SH Sole 123425 77275 IXYS CORPORATION COM 46600W106 1748 255860 SH Sole 162200 93660 JC PENNEY CO INC COM 708160106 730 19350 SH Sole 13800 5550 JOHNSON & JOHNSON COM COM 478160104 12012 185164 SH Sole 99096 86068 JPMORGAN CHASE & CO COM 46625H100 1638 38144 SH Sole 20325 17819 KEY ENERGY SERVICES INC COM 492914106 915 68150 SH Sole 45975 22175 KOALA CORP COM 499866101 0 11200 SH Sole 11200 KOHLS CORP COM COM 500255104 1003 23380 SH Sole 13850 9530 KULICKE AND SOFFA INDUSTRIES COM 501242101 50 10400 SH Sole 2350 8050 LAKES ENTERTAINMENT INC COM 51206P109 1112 251500 SH Sole 155600 95900 LANCE INC COM 514606102 694 35425 SH Sole 23075 12350 LATTICE SEMICONDUCTOR CORP COM 518415104 657 231175 SH Sole 153300 77875 LIBERTY MEDIA CORP ENTERTAINME COM 53071M500 811 35804 SH Sole 23544 12260 LIMITED BRANDS INC COM 532716107 1709 99925 SH Sole 60300 39625 LINCOLN NATIONAL CORP COM 534187109 2015 38750 SH Sole 21150 17600 LOWES COS INC COM COM 548661107 433 18860 SH Sole 5200 13660 MANAGEMENT NETWORK GROUP COM 561693102 1159 610000 SH Sole 357425 252575 MARSHALL & ILSLEY CORP NEW COM 571837103 228 9837 SH Sole 4770 5067 MCDONALDS CORP COM COM 580135101 2198 39409 SH Sole 24800 14609 MCMORAN EXPLORATION CO COM 582411104 3999 231270 SH Sole 147850 83420 MEADE INSTRUMENTS COM 583062104 497 385375 SH Sole 217400 167975 MEADWESTVACO CORP COM 583334107 802 29475 SH Sole 23000 6475 MEDASSETS INC COM 584045108 322 21699 SH Sole 21699 MEXICO FD INC COM COM 592835102 278 8026 SH Sole 4166 3860 MGE ENERGY INC COM 55277P104 202 5929 SH Sole 727 5202 MGIC INVESTMENT CORP COM 552848103 940 89275 SH Sole 56575 32700 MGP INGREDIENTS INC COM 55302G103 410 58700 SH Sole 35000 23700 MICRO COMPONENT TECHNOLOGY COM 59479Q100 6 64500 SH Sole 64500 MICROSOFT CORP COM COM 594918104 7267 256045.658 SH Sole 158550 97495.658 6 200 SH Other 200 MICROTUNE INC COM 59514P109 2905 793750 SH Sole 480850 312900 MIDWAY GOLD CORP COM 598153104 2090 742075 SH Sole 427625 314450 MINDSPEED TECHNOLOGIES INC COM 602682106 20 42000 SH Sole 42000 MINRAD INTERNATIONAL COM 60443P103 808 343725 SH Sole 222150 121575 MIRANT CORP COM 60467R100 1371 37666 SH Sole 26850 10816 MITCHAM INDUSTRIES COM 606501104 964 54076 SH Sole 34051 20025 MITEK SYSTEMS INC COM 606710200 360 1439525 SH Sole 752225 687300 MTS SYSTEMS CORP COM COM 553777103 3378 104700 SH Sole 66750 37950 MUELLER WATER PRODUCTS INC B S COM 624758207 308 39025 SH Sole 29325 9700 NAVARRE CORPORATION COM 639208107 66 37500 SH Sole 37500 NEW YORK & CO COM 649295102 658 114625 SH Sole 74925 39700 NEXT INC - LEGEND COM nxtilgd 6 50000 SH Sole 50000 NIKE INC CL B COM 654106103 469 6900 SH Sole 1000 5900 NOBLE INTERNATIONAL COM 655053106 832 133150 SH Sole 84150 49000 NOKIA CORP -SPON ADR COM 654902204 1718 53975 SH Sole 35275 18700 NORTEL NETWORKS CORP NEW COM 656568508 240 35870 SH Sole 23400 12470 NORTH AMERICAN GALVANIZING COM 65686Y109 319 57750 SH Sole 39825 17925 NOVAMED INC COM 66986W108 1024 270275 SH Sole 179525 90750 NUANCE COMMUNICATIONS COM 67020Y100 1427 81975 SH Sole 53925 28050 NVE CORP COM 629445206 1064 43075 SH Sole 28225 14850 OFFICEMAX INC COM COM 67622P101 740 38675 SH Sole 24900 13775 OLIN CORP COM PAR $1 COM 680665205 906 45875 SH Sole 30625 15250 OMEGA PROTEIN CORP COM 68210P107 2541 186125 SH Sole 116700 69425 ONEOK PARTNERS LP COM 68268N103 425 7400 SH Sole 2000 5400 OREILLY AUTOMOTIVE INC COM 686091109 2190 76775 SH Sole 53925 22850 ORTHOVITA INC COM 68750U102 1139 441375 SH Sole 291925 149450 OSI SYSTEMS INC COM 671044105 586 25450 SH Sole 16700 8750 PARAGON TECHNOLOGIES INC COM 69912T108 235 43550 SH Sole 16850 26700 PARKERVISION COM 701354102 908 117344 SH Sole 51200 66144 PC MALL INC COM 69323K100 964 90650 SH Sole 60075 30575 PEPSICO INC COM COM 713448108 5162 71490 SH Sole 43300 28190 PERFICIENT COM 71375U101 880 110850 SH Sole 70550 40300 PERFORMANCE TECHNOLOGIES INC COM 71376K102 491 107250 SH Sole 55775 51475 PERRY ELLIS INTERNATIONAL COM 288853104 1266 57999 SH Sole 34937 23062 PETROSEARCH ENERGY CORP COM 71675Y100 27 33500 SH Sole 33500 PFIZER INC COM COM 717081103 4106 196154 SH Sole 117319 78835 PHILIP MORRIS INTERNATIONAL COM 718172109 1295 25595 SH Sole 17775 7820 PHOTOCHANNEL NETWORKS - LEGEND COM pnwiflgd2 86 25000 SH Sole 25000 PHOTOCHANNEL NETWORKS INC COM 719316200 1049 304000 SH Sole 173350 130650 POINT BLANK SOLUTIONS INC COM 730529104 50 14400 SH Sole 13900 500 POLYMET MINING CORP COM 731916102 3416 1080950 SH Sole 642850 438100 PPG INDS INC COM COM 693506107 278 4600 SH Sole 200 4400 PREMIER EXHIBITIONS COM 74051E102 298 49400 SH Sole 28900 20500 PRESSTEK INC COM 741113104 750 171150 SH Sole 121575 49575 PROCTER & GAMBLE CO COM 742718109 6476 92419 SH Sole 56950 35469 PROLINK HOLDINGS CORP COM 78340T100 14 30000 SH Sole 30000 PROSPECT CAPITAL CORP COM 74348T102 529 34750 SH Sole 3600 31150 PRUDENTIAL FINANCIAL INC COM 744320102 1329 16980 SH Sole 10075 6905 QUIDEL CORP COM 74838J101 786 48925 SH Sole 32375 16550 QWEST COMMUNICATIONS INTL COM 749121109 1746 385350 SH Sole 238200 147150 RADYNE CORPORATION COM 750611402 1045 122625 SH Sole 65975 56650 RAINMAKER SYSTEMS INC COM 750875304 711 218810 SH Sole 137760 81050 RALCORP HOLDINGS COM 751028101 1942 33400 SH Sole 21650 11750 RELM WIRELESS CORP COM 759525108 600 366050 SH Sole 215250 150800 RICHARDSON ELEC LTD COM 763165107 1926 455225 SH Sole 296600 158625 RIMAGE CORP COM COM 766721104 451 20575 SH Sole 7450 13125 ROCHESTER MEDICAL CORP COM 771497104 102 10000 SH Sole 3000 7000 ROFIN-SINAR TECH INC COM 775043102 741 16500 SH Sole 11250 5250 ROHM & HAAS CO COM COM 775371107 1874 34644 SH Sole 19975 14669 ROPER INDUSTRIES INC COM 776696106 1144 19250 SH Sole 12350 6900 ROYAL DUTCH SHELL CL A COM 780259206 237 3434 SH Sole 200 3234 RURAL CELLULAR CORP CL A COM 781904107 221 5000 SH Sole 5000 S&P 500 DEPOSITARY RECEIPTS COM 78462F103 668 5065 SH Sole 5065 SCHLUMBERGER LTD COM COM 806857108 1169 13438 SH Sole 1800 11638 SMART BALANCE INC COM 83169Y108 430 54400 SH Sole 33675 20725 SOFTBRANDS INC COM 83402A107 654 634775 SH Sole 370550 264225 SONOSITE INC COM 83568G104 915 32200 SH Sole 21425 10775 SOUTHWEST AIRLS CO COM COM 844741108 189 15225 SH Sole 2690 12535 SPECTRE GAMING INC COM 84761G107 0 140168 SH Sole 140168 ST JUDE MED INC COM COM 790849103 6685 154775 SH Sole 85550 69225 ST MARY LAND & EXPLORATION COM 792228108 2865 74425 SH Sole 37875 36550 STAPLES INC COM 855030102 1191 53850 SH Sole 36300 17550 STAR GAS PARTNERS LP COM 85512C105 39 13000 SH Sole 13000 STREET TRACKS GOLD TRUST COM 863307104 261 2885 SH Sole 2885 SUN MICROSYSTEMS INC COM COM 866810203 709 45653 SH Sole 27611 18042 SUNOPTA INC COM 8676EP108 349 68350 SH Sole 43725 24625 SURMODICS INC COM 868873100 6762 161470 SH Sole 48425 113045 SYNOVIS LIFE TECHNOLOGIES INC COM 87162G105 637 40625 SH Sole 27375 13250 TARGET CORP COM 87612E106 2547 50250 SH Sole 27225 23025 TCF FINL CORP COM COM 872275102 1966 109705 SH Sole 45098 64607 TELEPHONE & DATA SYS COM COM 879433100 480 12230 SH Sole 1700 10530 TELEPHONE & DATA SYS INC-SPECI COM 879433860 1401 37555 SH Sole 20550 17005 TELETECH HLDGS INC COM COM 879939106 856 38100 SH Sole 25700 12400 TERRACO GOLD CORP COM 88101N102 12 50000 SH Sole 50000 TEVA PHARMACEUTICALS COM 881624209 1006 21775 SH Sole 14475 7300 TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1252 74200 SH Sole 47850 26350 TEXAS INSTRUMENTS INC COM 882508104 1230 43495 SH Sole 23150 20345 TRANSMETA COM 89376R208 609 47200 SH Sole 31225 15975 TRAVELERS COMPANIES INC COM 89417E109 4039 84407 SH Sole 37300 47107 TVI CORP COM 872916101 138 444775 SH Sole 207175 237600 UNIT CORP COM 909218109 2825 49875 SH Sole 34775 15100 UNITED STATES CELLULAR COM COM 911684108 212 3850 SH Sole 1150 2700 UNITEDHEALTH GROUP INC COM 91324P102 1662 48375 SH Sole 29550 18825 US BANCORP COM 902973304 1244 38448 SH Sole 8227 30221 US SILVER CORP COM 90343P101 353 530000 SH Sole 216400 313600 VALSPAR CORP COM 920355104 2179 109825 SH Sole 70250 39575 VASCULAR SOLUTIONS INC COM 92231M109 123 20050 SH Sole 9900 10150 VERIZON COMMUNICATIONS COM 92343V104 3858 105843 SH Sole 64862 40981 VITAL IMAGES INC COM 92846N104 2607 175925 SH Sole 115350 60575 W & T OFFSHORE INC COM 92922P106 1078 31600 SH Sole 19500 12100 WADDELL & REED FINL CL A COM 930059100 900 28000 SH Sole 18400 9600 WAL MART STORES INC COM COM 931142103 3709 70400 SH Sole 36815 33585 WALGREEN CO COM COM 931422109 297 7800 SH Sole 7800 WD-40 CO COM 929236107 877 26375 SH Sole 17625 8750 WELLS FARGO & COMPANY COM 949746101 1945 66846 SH Sole 19350 47496 WET SEAL INC COM 961840105 1325 390750 SH Sole 214925 175825 WINMARK CORP COM 974250102 410 22800 SH Sole 3100 19700 WORKSTREAM COM 981402100 50 70000 SH Sole 70000 WORLD WRESTLING ENTERTAINMENT COM 98156Q108 1808 97150 SH Sole 62875 34275 WPT ENTERPRISES INC COM 98211W108 24 16000 SH Sole 16000 WYETH COM 983024100 2432 58230 SH Sole 32050 26180 XCEL ENERGY INC COM 98389B100 1264 63357 SH Sole 25532 37825 YAHOO! INC COM 984332106 2458 84975 SH Sole 50250 34725 ZIMMER HOLDINGS INC COM 98956P102 1523 19560 SH Sole 10600 8960 1 10 SH Other 10 FIDELITY SPARTAN 500 ADVANTAGE 315912824 1237 13484.81 SH Sole 13484.81 FIDELITY SPARTAN INTL INDEX FD 315911875 590 13645.083 SH Sole 13645.083 FIRST EAGLE SOGEN OVERSEAS-A 32008F101 706 31015.727 SH Sole 31015.727 JULIUS BAER INTL EQTY FD 481370880 362 23249.637 SH Sole 23249.637 JULIUS BAER INTL EQUITY-A 481370104 422 10644.291 SH Sole 548.246 10096.045 SPECTRE GAMING CONVERTIBLE DEB 84799ABQ8 83 237905.7 PRN Sole 237905.7 CNS RESPONSE WARRANTS 1.80 EXP cns.wts 0 13500 SH Sole 13500 NEXT INC WARRANTS 1.75 EXP 1/2 next.wts 0 25000 SH Sole 25000 PHOTOCHANNEL WARRANTS 4.00 EXP pnwif.wts 0 25000 SH Sole 25000 POLYMET MINING WARRANTS 4.00 E plm.wts 0 20000 SH Sole 20000 PROLINK HOLDINGS WARRANTS 1.40 plkh.wts 0 14800 SH Sole 14800 REPORT SUMMARY 275 DATA RECORDS 389053 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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