13F-HR 1 sky43293-13f.txt SKYLANDS CAPITAL LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2008 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: Skylands Capital, LLC Address: 1200 North Mayfair Road Suite 250 Milwaukee, WI 53226 Form 13F file Number: 028-10937 --------- 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: Pamela Cavanaugh Title: Vice President & Treasurer Phone: 414-256-3383 Signature, Place, and Date of Signing: Pamela A. Cavanaugh Milwaukee, WI 5/1/2008 ------------------- ------------- -------- (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 are reported 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 manager(s).) List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report summary: Number of Other included Managers: 0 Form 13F Information Table Entry Total: 221 Form 13F Information Table Value Total: $1,030,154 List of Other Included Managers: None SKYLANDS CAPITAL, LLC MARCH 31, 2008 FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTM OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1,000) PRIN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE FOSTER WHEELER LTD SHS NEW G36535139 2461 43470 SH SOLE 43470 NABORS INDUSTRIES LTD COM G6359F103 2596 76880 SH SOLE 76880 NOBLE CORP COM G65422100 16485 331900 SH SOLE 331900 AAR CORP COM 000361105 6756 247730 SH SOLE 247730 AFC ENTERPRISES INC COM 00104Q107 11682 1299400 SH SOLE 1299400 ACCURAY INC COM 004397105 902 115500 SH SOLE 115500 AGILENT TECHNOLOGIES INC COM 00846U101 4424 148300 SH SOLE 148300 ALBEMARLE CORP COM 012653101 1242 34000 SH SOLE 34000 ALLIANCE DATA SYSTEMS CORP COM 018581108 2131 44850 SH SOLE 44850 ALLIANCE IMAGING INC COM NEW 018606202 2450 284900 SH SOLE 284900 AMERICAN OIL & GAS INC NEW COM 028723104 1001 306100 SH SOLE 306100 AMERICAN TOWER CORP CL A 029912201 25144 641264 SH SOLE 641264 AMERIGON INC COM 03070L300 55 3700 SH SOLE 3700 AMETEK INC COM NEW 031100100 6176 140650 SH SOLE 140650 ANADARKO PETROLEUM CORP COM 032511107 2789 44252 SH SOLE 44252 ANIMAL HEALTH INTL INC COM 03525N109 1698 155252 SH SOLE 155252 APACHE CORP COM 037411105 1648 13644 SH SOLE 13644 APOLLO GROUP INC CL A 037604105 4229 97900 SH SOLE 97900 APTARGROUP INC COM 038336103 2361 60640 SH SOLE 60640 ARCHER DANIELS MIDLAND CO COM 039483102 918 22300 SH SOLE 22300 ARROW ELECTRONICS INC COM 042735100 6691 198835 SH SOLE 198835 ASTEC INDS INC COM 046224101 322 8300 SH SOLE 8300 AUTHENTEC INC COM 052660107 743 74700 SH SOLE 74700 AVNET INC COM 053807103 6317 193000 SH SOLE 193000 AVOCENT CORP COM 053893103 1328 78600 SH SOLE 78600 BJ SERVICES CO COM 055482103 6700 235000 SH SOLE 235000 BANK OF AMERICA CORP COM 060505104 4555 120150 SH SOLE 120150 BILL BARRETT CORP COM 06846N104 1002 21200 SH SOLE 21200 BEACON ROOFING SUPPLY INC COM 073685109 3119 311850 SH SOLE 311850 BELL MICROPRODUCTS INC COM 078137106 2068 1013700 SH SOLE 1013700 BIG 5 SPORTING GOODS CORP COM 08915P101 1382 157600 SH SOLE 157600 BOEING COMPANY COM 097023105 5994 80600 SH SOLE 80600 BOOTS & COOTS INTL COM 099469504 292 163000 SH SOLE 163000 BOYD GAMING CORP COM 103304101 1574 78700 SH SOLE 78700 BUCYRUS INTL INC NEW CL A 118759109 498 4900 SH SOLE 4900 BURLINGTON NORTHERN SANTA FE C COM 12189T104 63096 684190 SH SOLE 684190 CNX GAS CORP COM 12618H309 10846 336000 SH SOLE 336000 CRA INTL INC COM 12618T105 6826 212375 SH SOLE 212375 CVS CAREMARK CORP COM 126650100 1519 37500 SH SOLE 37500 CAL DIVE INTL INC DEL COM 12802T101 2729 262900 SH SOLE 262900 CAMECO CORP COM 13321L108 2309 70100 SH SOLE 70100 CANADIAN PAC RY LTD COM 13645T100 100 1550 SH SOLE 1550 CANO PETE INC COM 137801106 2633 562500 SH SOLE 562500 CARDIAC SCIENCE CORP COM 14141A108 4499 538750 SH SOLE 538750 CARMIKE CINEMAS INC COM 143436400 5 500 SH SOLE 500 CASELLA WASTE SYSTEMS INC CL A 147448104 2261 206850 SH SOLE 206850 CASUAL MALE RETAIL GRP INC COM 148711104 1620 385700 SH SOLE 385700 CENTRAL GARDEN & PET CO COM 153527106 13 2735 SH SOLE 2735 CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 1321 297600 SH SOLE 297600 CHART INDUSTRIES INC COM 16115Q308 5776 170700 SH SOLE 170700 CISCO SYSTEMS INC COM 17275R102 4269 177225 SH SOLE 177225 CITIGROUP INC COM 172967101 1700 79364 SH SOLE 79364 CLEAN HARBORS INC COM 184496107 6784 104375 SH SOLE 104375 CLEVELAND CLIFFS INC COM 185896107 9076 75743 SH SOLE 75743 COGENT COMMUNICATIONS COM 19239V302 7497 409450 SH SOLE 409450 CONSOLIDATED GRAPHICS INC COM 209341106 23720 423200 SH SOLE 423200 COPART INC COM 217204106 1519 39200 SH SOLE 39200 CORINTHIAN COLLEGES INC COM 218868107 2098 290200 SH SOLE 290200 CROWN CASTLE INTL CORP COM 228227104 52709 1528237 SH SOLE 1528237 CROWN HOLDINGS INC COM 228368106 13556 538800 SH SOLE 538800 CUMULUS MEDIA INC CL A 231082108 1073 168150 SH SOLE 168150 DAKTRONICS INC COM 234264109 42 2320 SH SOLE 2320 DATATRAK INTL INC COM 238134100 89 74000 SH SOLE 74000 DAVITA INC COM 23918K108 6360 133175 SH SOLE 133175 DAYTON SUPERIOR CORP COM 240028308 1878 636775 SH SOLE 636775 DEERE & CO COM 244199105 1062 13200 SH SOLE 13200 DELTEK INC COM 24784L105 1105 85100 SH SOLE 85100 DENBURY RES INC COM NEW 247916208 2915 102100 SH SOLE 102100 DENNYS CORP COM 24869P104 3318 1113550 SH SOLE 1113550 DENTSPLY INTL INC COM 249030107 4754 123150 SH SOLE 123150 DEVON ENERGY CORP NEW COM 25179M103 2068 19821 SH SOLE 19821 DIAMOND OFFSHORE DRILLING INC COM 25271C102 3396 29175 SH SOLE 29175 DIGITAL RIV INC COM 25388B104 2004 64700 SH SOLE 64700 DIVX INC COM 255413106 1513 216200 SH SOLE 216200 DRESSER RAND GROUP INC COM 261608103 8150 265050 SH SOLE 265050 DRIL QUIP INC COM 262037104 1171 25200 SH SOLE 25200 EMC CORP MASS COM 268648102 7478 521500 SH SOLE 521500 ENSCO INTL INC COM 26874Q100 1634 26100 SH SOLE 26100 ENCANA CORP COM 292505104 16884 222886 SH SOLE 222886 ENGLOBAL CORP COM 293306106 3556 415900 SH SOLE 415900 EXTERRAN HOLDINGS INC COM 30225X103 11683 181027 SH SOLE 181027 EXXON MOBIL CORPORATION COM 30231G102 118 1400 SH SOLE 1400 FTI CONSULTING INC COM 302941109 1051 14800 SH SOLE 14800 FAMOUS DAVES AMER INC COM 307068106 3561 373300 SH SOLE 373300 FARO TECHNOLOGIES INC COM 311642102 6446 206750 SH SOLE 206750 FLOTEK INDS INC DEL COM 343389102 8147 558400 SH SOLE 558400 FOREST OIL CORP COM 346091705 1028 21000 SH SOLE 21000 GATX CORP COM 361448103 19625 502300 SH SOLE 502300 GETTY IMAGES INC COM 374276103 8061 251920 SH SOLE 251920 GOODRICH CORP COM 382388106 3255 56600 SH SOLE 56600 GOOGLE INC CL A 38259P508 1542 3500 SH SOLE 3500 GRAFTECH INTL LTD COM 384313102 4132 254900 SH SOLE 254900 GRUBB & ELLIS CO COM PAR $0.01 400095204 1364 198600 SH SOLE 198600 HALLIBURTON CO COM 406216101 17370 441650 SH SOLE 441650 HARLEY DAVIDSON INC COM 412822108 3437 91650 SH SOLE 91650 HARSCO CORP COM 415864107 2697 48700 SH SOLE 48700 HAYNES INTERNATIONAL INC COM 420877201 3712 67640 SH SOLE 67640 HELIX ENERGY SOLUTIONS GROUP COM 42330P107 340 10800 SH SOLE 10800 HERCULES OFFSHORE INC COM 427093109 2105 83800 SH SOLE 83800 HEWLETT PACKARD CO COM 428236103 14890 326100 SH SOLE 326100 HHGREGG INC COM 42833L108 360 32000 SH SOLE 32000 HORIZON LINES INC COM 44044K101 5201 279475 SH SOLE 279475 HORSEHEAD HLDG CORP COM 440694305 69 6000 SH SOLE 6000 HURON CONSULTING GROUP COM 447462102 3469 83500 SH SOLE 83500 ITT EDUCATIONAL SERVICES INC COM 45068B109 21890 476600 SH SOLE 476600 INSIGHT ENTERPRISES INC COM 45765U103 12580 718855 SH SOLE 718855 INTEL CORP COM 458140100 7016 331245 SH SOLE 331245 INTERLINE BRANDS INC COM 458743101 4371 235650 SH SOLE 235650 INTL BUSINESS MACHS CORP COM 459200101 3211 27885 SH SOLE 27885 INTERPHASE CORP COM 460593106 840 185874 SH SOLE 185874 ISHARES TRUST S&P 100 IDX FD 464287101 882 14375 SH SOLE 14375 ISHARES TRUST RUSSELL 2000 464287655 7512 110000 SH SOLE 110000 ISORAY INC COM 46489V104 230 229559 SH SOLE 229559 JP MORGAN CHASE & CO COM 46625H100 7933 184700 SH SOLE 184700 JACOBS ENGR GROUP INC DEL COM 469814107 3264 44350 SH SOLE 44350 JARDEN CORP COM 471109108 678 31200 SH SOLE 31200 JOY GLOBAL INC COM 481165108 427 6550 SH SOLE 6550 KBR INC COM 48242W106 3791 136700 SH SOLE 136700 K V PHARMACEUTICAL CO CL A 482740206 3936 157700 SH SOLE 157700 KOHLS CORP COM 500255104 1062 24750 SH SOLE 24750 KORN FERRY INTL COM NEW 500643200 3138 185700 SH SOLE 185700 LCC INTERNATIONAL INC CL A 501810105 1762 1122483 SH SOLE 1122483 LADISH INC COM NEW 505754200 4465 124015 SH SOLE 124015 LAMAR ADVERTISING CO CL A 512815101 649 18075 SH SOLE 18075 LEAP WIRELESS INTL INC COM 521863308 4457 95650 SH SOLE 95650 LEGG MASON INC COM 524901105 425 7600 SH SOLE 7600 LIBBEY INC COM 529898108 14580 865800 SH SOLE 865800 LUBRIZOL CORP COM 549271104 2437 43900 SH SOLE 43900 LUCAS ENERGY INC COM 549333201 477 155000 SH SOLE 155000 LUFKIN INDS INC COM 549764108 5606 87840 SH SOLE 87840 MSC INDL DIRECT INC CL A 553530106 1242 29400 SH SOLE 29400 MTS MEDICATION TECHNLGS INC COM 553773102 708 58200 SH SOLE 58200 MAGNETEK INC COM 559424106 917 266600 SH SOLE 266600 MARATHON OIL CORPORATION COM 565849106 3251 71300 SH SOLE 71300 MATRIXX INITIATIVES INC COM 57685L105 2270 155050 SH SOLE 155050 MCDERMOTT INTL INC COM 580037109 2313 42200 SH SOLE 42200 MCDONALDS CORP COM 580135101 1695 30400 SH SOLE 30400 MEASUREMENT SPECIALTIES INC COM 583421102 2862 163800 SH SOLE 163800 MEDICAL ACTION INDS INC COM 58449L100 3083 187650 SH SOLE 187650 MEDTRONIC INC COM 585055106 6215 128485 SH SOLE 128485 MENS WEARHOUSE INC COM 587118100 323 13900 SH SOLE 13900 MESABI TR CTF BEN INT 590672101 3838 151036 SH SOLE 151036 METROPCS COMMUNICATIONS INC COM 591708102 7126 419200 SH SOLE 419200 METTLER TOLEDO INTERNATIONAL COM 592688105 6007 61850 SH SOLE 61850 MICROSOFT CORP COM 594918104 404 14250 SH SOLE 14250 MICROTUNE INC DEL COM 59514P109 560 153000 SH SOLE 153000 NALCO HOLDING CO COM 62985Q101 13325 630000 SH SOLE 630000 NATCO GROUP INC CL A 63227W203 5818 124450 SH SOLE 124450 NAVIGANT CONSULTING CO COM 63935N107 1805 95100 SH SOLE 95100 NORFOLK SOUTHERN CORP COM 655844108 9316 171500 SH SOLE 171500 NUANCE COMMUNICATIONS INC COM 67020Y100 5702 327500 SH SOLE 327500 ON SEMICONDUCTOR CORP COM 682189105 2988 526100 SH SOLE 526100 ORACLE CORPORATION COM 68389X105 2564 131100 SH SOLE 131100 ORION MARINE GROUP INC COM 68628V308 910 76180 SH SOLE 76180 OSHKOSH TRUCK CORP COM 688239201 1581 43590 SH SOLE 43590 PALL CORP COM 696429307 2641 75300 SH SOLE 75300 PATTERSON COMPANIES INC COM 703395103 12625 347800 SH SOLE 347800 PEABODY ENERGY CORP COM 704549104 3580 70200 SH SOLE 70200 PENN VA CORP COM 707882106 16421 372450 SH SOLE 372450 PETROHAWK ENERGY CORP COM 716495106 672 33300 SH SOLE 33300 PETSMART INC COM 716768106 742 36325 SH SOLE 36325 PFIZER INC COM 717081103 107 5100 SH SOLE 5100 PINNACLE ENTMT INC COM 723456109 5649 441320 SH SOLE 441320 PIONEER NATURAL RESOURCES CO COM 723787107 2097 42700 SH SOLE 42700 PLAINS EXPL & PRODTN CO COM 726505100 356 6700 SH SOLE 6700 POLYCOM INC COM 73172K104 7367 326850 SH SOLE 326850 POLYMET MINING CORP COM NEW 731916102 4250 1345000 SH SOLE 1345000 POOL CORP COM 73278L105 272 14380 SH SOLE 14380 POWELL INDS INC COM 739128106 3591 91200 SH SOLE 91200 PROVIDENCE SERVICE CORP COM 743815102 4842 161400 SH SOLE 161400 PURE CYCLE CORP COM 746228303 185 33300 SH SOLE 33300 QUANEX CORP COM 747620102 8035 155300 SH SOLE 155300 QUEST RESOURCE CORP COM NEW 748349305 1395 214000 SH SOLE 214000 RC2 CORP COM 749388104 1633 77875 SH SOLE 77875 RTI INTL METALS INC COM 74973W107 2408 53260 SH SOLE 53260 RANGE RES CORP COM 75281A109 18565 292600 SH SOLE 292600 RENT A CENTER INC NEW COM 76009N100 16231 884500 SH SOLE 884500 ROCK TENN CO CL A 772739207 4478 149400 SH SOLE 149400 ROCKWOOD HOLDINGS INC COM 774415103 1540 47000 SH SOLE 47000 ROWAN COS INC COM 779382100 1079 26200 SH SOLE 26200 SPDR SERIES TRUST KBW REGL BKG 78464A698 40 1125 SH SOLE 1125 SCHEIN HENRY INC COM 806407102 723 12600 SH SOLE 12600 SCHLUMBERGER LTD COM 806857108 166 1910 SH SOLE 1910 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3852 155000 SH SOLE 155000 SILGAN HOLDINGS INC COM 827048109 2526 50900 SH SOLE 50900 SIRONA DENTAL SYSTEMS COM 82966C103 1880 69700 SH SOLE 69700 SKILLSOFT PLC SPONS ADR 830928107 7043 672670 SH SOLE 672670 SMITH INTERNATIONAL INC COM 832110100 1317 20500 SH SOLE 20500 SOTHEBYS COM 835898107 1593 55100 SH SOLE 55100 SPRINT NEXTEL CORP COM FON 852061100 1339 200175 SH SOLE 200175 STAGE STORES INC COM NEW 85254C305 836 51600 SH SOLE 51600 STEINWAY MUSICAL INSTRS INC CL A 858495104 2823 99000 SH SOLE 99000 SYMANTEC CORP COM 871503108 3636 218800 SH SOLE 218800 TCF FINANCIAL CORP COM 872275102 271 15100 SH SOLE 15100 T-3 ENERGY SRVCS INC COM 87306E107 170 4000 SH SOLE 4000 TARGET CORP COM 87612E106 1267 25000 SH SOLE 25000 TECHNITROL INC COM 878555101 3778 163350 SH SOLE 163350 TELULAR CORP COM NEW 87970T208 1069 320200 SH SOLE 320200 3M CO COM 88579Y101 4541 57375 SH SOLE 57375 TRANSDIGM GROUP INC COM 893641100 19637 530005 SH SOLE 530005 TRINITY INDS INC COM 896522109 517 19400 SH SOLE 19400 TWIN DISC INC COM 901476101 78 4900 SH SOLE 4900 TYLER TECHNOLOGIES INC COM 902252105 2150 153800 SH SOLE 153800 US BANCORP DEL COM 902973304 155 4788 SH SOLE 4788 USA TECHNOLOGIES INC COM 90328S500 2218 492899 SH SOLE 492899 UNION PAC CORP COM 907818108 14995 119600 SH SOLE 119600 UNITED PARCEL SERVICE INC CL B 911312106 493 6750 SH SOLE 6750 UNIVERSAL STAINLESS & ALLOY COM 913837100 1595 53690 SH SOLE 53690 VALMONT INDUSTRIES COM 920253101 1749 19900 SH SOLE 19900 VERI-TEK INTL CORP COM 92342X101 311 66900 SH SOLE 66900 VERIFONE HOLDINGS INC COM 92342Y109 16304 1027350 SH SOLE 1027350 VIACOM INC NEW CL B 92553P201 69 1739 SH SOLE 1739 WABTEC CORP COM 929740108 2049 54400 SH SOLE 54400 WACHOVIA CORP COM 929903102 1787 66200 SH SOLE 66200 WASTE MANAGEMENT INC COM 94106L109 8828 263050 SH SOLE 263050 WEATHERFORD INTL LTD COM 947074100 544 7500 SH SOLE 7500 WESCO INTL INC COM 95082P105 5591 153225 SH SOLE 153225 WHITING PETROLEUM CORP COM 966387102 6258 96800 SH SOLE 96800 WIRELESS RONIN TECHNOLOGIES COM 97652A203 705 176300 SH SOLE 176300 XTO ENERGY INC COM 98385X106 10464 169150 SH SOLE 169150 ZIMMER HLDGS INC COM 98956P102 7251 93125 SH SOLE 93125