13F-HR 1 d10034e13fvhr.txt FORM 13F - HOLDINGS REPORT ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0006 Expires: October 31, 2000 Estimated average burden hours per response: .......... 33.99 ------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/03 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: LUTHER KING CAPITAL MANAGEMENT Address: 301 Commerce Street Suite 1600 Fort Worth, TX 76102 13F File Number: 28-1071 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: Barbara Garcia Title: Treasurer Phone: 817-332-3235 Signature, Place, and Date of Signing: Barbara Garcia Fort Worth, TX 10/29/03 -------------------------------- ------------------ --------------- [Signature] [City] [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 if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.) 13F File Number Name 28-____________________ _________________________ FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 361 Form 13F Information Table Value Total: $ 3,883,926,175 List of Other Included Managers Provide a number list of the name(s) and 13F file number(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 heading and list entries.] No. 13F File Number Name ---- -------------- ------------------------ [Repeat as necessary.]
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE A D C TELECOMMUNICATIONS COMMON 000886101 70 30000 SH SOLE 0 30000 0 AFLAC INC COMMON 001055102 1602 49600 SH SOLE 0 49600 0 AOL TIME WARNER INC COMMON 00184A105 9008 596175 SH SOLE 0 596175 0 AT&T WIRELESS COMMON 00209A106 689 84288 SH SOLE 0 84288 0 AZZ INCORPORATED COMMON 002474104 1765 161300 SH SOLE 0 161300 0 ABBOTT LABORATORIES COMMON 002824100 2753 64710 SH SOLE 0 64710 0 ABITIBI-CONSOLIDATED INC COMMON 003924107 70 10000 SH SOLE 0 10000 0 ACCESS PHARMACEUTICALS I COMMON 00431M209 396 93200 SH SOLE 0 93200 0 ACTIVISION INC NEW COMMON 004930202 3397 283800 SH SOLE 0 283800 0 ADAPTEC INC COMMON 00651F108 983 130000 SH SOLE 0 130000 0 ADVANCED FIBRE COMMUNICA COMMON 00754A105 2858 136400 SH SOLE 0 136400 0 AFFILIATED COMPUTER SERV COMMON 008190100 2544 52250 SH SOLE 0 52250 0 ALBANY INTL CORP COMMON 012348108 4666 151300 SH SOLE 0 151300 0 ALCOA INC COMMON 013817101 212 8100 SH SOLE 0 8100 0 ALLIANCE DATA SYSTEMS CO COMMON 018581108 3406 129000 SH SOLE 0 129000 0 ALLIED WASTE INDS INC COMMON 019589308 46282 4285372 SH SOLE 0 4285372 0 ALLTEL CORPORATION COMMON 020039103 59230 1278156 SH SOLE 0 1278156 0 ALTERA CORP COMMON 021441100 2531 133700 SH SOLE 0 133700 0 ALTRIA GROUP INC COMMON 02209S103 7905 180480 SH SOLE 0 180480 0 AMERICAN EXPRESS CO COMMON 025816109 748 16593 SH SOLE 0 16593 0 AMERICAN FINL RLTY TR COMMON 02607P305 4485 318100 SH SOLE 0 318100 0 AMERICAN INTL GROUP INC COMMON 026874107 25260 437780 SH SOLE 0 437780 0 AMERICAN STD COS INC DEL COMMON 029712106 286 3400 SH SOLE 0 3400 0 AMERICREDIT CORP COMMON 03060R101 1901 184600 SH SOLE 0 184600 0 AMGEN INC COMMON 031162100 3205 49681 SH SOLE 0 49681 0 AMPHENOL CORP NEW COMMON 032095101 260 5000 SH SOLE 0 5000 0 ANADARKO PETROLEUM CORP COMMON 032511107 47704 1142328 SH SOLE 0 1142328 0 ANCHOR GLASS CONTAINER C COMMON 03304B300 1636 100000 SH SOLE 0 100000 0 ANHEUSER BUSCH COS INC COMMON 035229103 12823 259900 SH SOLE 0 259900 0 APACHE CORP COMMON 037411105 4805 69300 SH SOLE 0 69300 0 APOGENT TECHNOLOGIES INC COMMON 03760A101 9195 440800 SH SOLE 0 440800 0
Page 1 APPLIED MATLS INC COMMON 038222105 2607 143800 SH SOLE 0 143800 0 APPLIED MICRO CIRCUITS C COMMON 03822W109 1118 230000 SH SOLE 0 230000 0 ARCTIC CAT INC COMMON 039670104 3623 190100 SH SOLE 0 190100 0 ARGOSY GAMING CO COMMON 040228108 3038 124500 SH SOLE 0 124500 0 AUTOMATIC DATA PROCESSIN COMMON 053015103 31770 886195 SH SOLE 0 886195 0 BJ SVCS CO COMMON 055482103 6448 188700 SH SOLE 0 188700 0 BP PLC COMMON 055622104 35738 848885 SH SOLE 0 848885 0 BANK OF AMERICA CORP COMMON 060505104 15794 202379 SH SOLE 0 202379 0 BANK NEW YORK INC COMMON 064057102 32132 1103815 SH SOLE 0 1103815 0 BANK ONE CORP COMMON 06423A103 2411 62388 SH SOLE 0 62388 0 BARNES & NOBLE INC COMMON 067774109 1222 48100 SH SOLE 0 48100 0 BAXTER INTERNATIONAL INC COMMON 071813109 435 14960 SH SOLE 0 14960 0 BED BATH & BEYOND INC COMMON 075896100 735 19200 SH SOLE 0 19200 0 BELLSOUTH CORPORATION COMMON 079860102 431 18188 SH SOLE 0 18188 0 BELO CORP COMMON 080555105 30115 1241840 SH SOLE 0 1241840 0 BENTLEY PHARMACEUTICALS COMMON 082657107 5077 312400 SH SOLE 0 312400 0 BERKSHIRE HATHAWAY INC D COMMON 084670108 975 13 SH SOLE 0 13 0 H & R BLOCK INC COMMON 093671105 7643 177130 SH SOLE 0 177130 0 BLUE RHINO CORP COMMON 095811105 1528 137900 SH SOLE 0 137900 0 BOEING COMPANY COMMON 097023105 367 10700 SH SOLE 0 10700 0 BOISE CASCADE CORP COMMON 097383103 45266 1640070 SH SOLE 0 1640070 0 BOSTON PROPERTIES INC COMMON 101121101 504 11600 SH SOLE 0 11600 0 BRINKER INTERNATL INC COMMON 109641100 683 20483 SH SOLE 0 20483 0 BRISTOL-MYERS SQUIBB CO COMMON 110122108 1054 41071 SH SOLE 0 41071 0 BROOKS AUTOMATION INC COMMON 114340102 3869 185100 SH SOLE 0 185100 0 TOM BROWN INC COMMON 115660201 8137 316600 SH SOLE 0 316600 0 BUCKEYE PARTNERS L P COMMON 118230101 220 5500 SH SOLE 0 5500 0 BURLINGTON RESOURCES INC COMMON 122014103 29172 605235 SH SOLE 0 605235 0 CEC ENTMT INC COMMON 125137109 5178 132100 SH SOLE 0 132100 0 CIT GROUP INC COMMON 125581108 1059 36825 SH SOLE 0 36825 0 CTC COMMUNICATIONS GROUP COMMON 126419100 0 16750 SH SOLE 0 16750 0
Page 2 CVS CORP COMMON 126650100 2496 80356 SH SOLE 0 80356 0 CABOT OIL & GAS CORP COMMON 127097103 32696 1257550 SH SOLE 0 1257550 0 CAMDEN PPTY TR COMMON 133131102 206 5360 SH SOLE 0 5360 0 CARPENTER TECHNOLOGY COR COMMON 144285103 4378 204200 SH SOLE 0 204200 0 CEDAR FAIR L P COMMON 150185106 242 8650 SH SOLE 0 8650 0 CEDARA SOFTWARE CORP COMMON 150644102 108 87000 SH SOLE 0 87000 0 CENDANT CORP COMMON 151313103 371 19875 SH SOLE 0 19875 0 CENTEX CORPORATION COMMON 152312104 1308 16800 SH SOLE 0 16800 0 CENTEX CONSTRUCTION PROD COMMON 15231R109 625 14000 SH SOLE 0 14000 0 CERIDIAN CORP NEW COMMON 156779100 385 20700 SH SOLE 0 20700 0 CHARTER ONE FINL INC COMMON 160903100 28243 922979 SH SOLE 0 922979 0 CHARMING SHOPPES INC COMMON 161133103 72 12600 SH SOLE 0 12600 0 CHEVRONTEXACO CORP COMMON 166764100 5449 76270 SH SOLE 0 76270 0 CHICOS FAS INC COMMON 168615102 3707 121000 SH SOLE 0 121000 0 CISCO SYS INC COMMON 17275R102 56491 2883663 SH SOLE 0 2883663 0 CITADEL BROADCASTING COR COMMON 17285T106 660 33400 SH SOLE 0 33400 0 CITIGROUP INC COMMON 172967101 51132 1123540 SH SOLE 0 1123540 0 CITY BK LYNNWOOD WASH COMMON 17770A109 3523 108700 SH SOLE 0 108700 0 CLEAR CHANNEL COMM INC COMMON 184502102 51661 1348839 SH SOLE 0 1348839 0 COCA-COLA COMPANY COMMON 191216100 40415 940768 SH SOLE 0 940768 0 COGNOS INC COMMON 19244C109 2848 91800 SH SOLE 0 91800 0 COLGATE-PALMOLIVE CO COMMON 194162103 82230 1471290 SH SOLE 0 1471290 0 COLUMBIA SPORTSWEAR CO COMMON 198516106 4362 82700 SH SOLE 0 82700 0 COMCAST CORPORATION CL K COMMON 20030N200 4418 149050 SH SOLE 0 149050 0 COMPASS BANCSHARES INC COMMON 20449H109 7697 221817 SH SOLE 0 221817 0 COMPUTER ASSOC INTL INC COMMON 204912109 426 16320 SH SOLE 0 16320 0 CONCORD EFS INC COMMON 206197105 476 34800 SH SOLE 0 34800 0 CONOCOPHILLIPS COMMON 20825C104 452 8260 SH SOLE 0 8260 0 CONSOL ENERGY INC COMMON 20854P109 221 11900 SH SOLE 0 11900 0 COOPER CAMERON CORP COMMON 216640102 619 13400 SH SOLE 0 13400 0 COTT CORP QUE COMMON 22163N106 5467 233550 SH SOLE 0 233550 0 CRESCENT REAL ESTATE EQU COMMON 225756105 951 65600 SH SOLE 0 65600 0
Page 3 CROSS MEDIA MARKETING CO COMMON 22754R201 2 160700 SH SOLE 0 160700 0 CULLEN FROST BANKERS INC COMMON 229899109 68192 1831651 SH SOLE 0 1831651 0 CYBERONICS INC COMMON 23251P102 4461 144600 SH SOLE 0 144600 0 CYMER INC COMMON 232572107 3634 88300 SH SOLE 0 88300 0 DST SYS INC DEL COMMON 233326107 376 10000 SH SOLE 0 10000 0 DELL INC COMMON 24702R101 36264 1085094 SH SOLE 0 1085094 0 DENBURY RES INC COMMON 247916208 2556 206800 SH SOLE 0 206800 0 DEVON ENERGY CORP NEW COMMON 25179M103 21848 453382 SH SOLE 0 453382 0 DIEBOLD INC COMMON 253651103 4739 93563 SH SOLE 0 93563 0 WALT DISNEY COMPANY COMMON 254687106 10914 541118 SH SOLE 0 541118 0 DOMINION RES INC VA NEW COMMON 25746U109 1414 22843 SH SOLE 0 22843 0 R R DONNELLEY & SONS CO COMMON 257867101 230 9250 SH SOLE 0 9250 0 DOVER CORP COMMON 260003108 290 8205 SH SOLE 0 8205 0 DOW CHEMICAL COMPANY COMMON 260543103 3413 104900 SH SOLE 0 104900 0 DREW INDUSTRIES INC COMMON 26168L205 926 50000 SH SOLE 0 50000 0 DRIL-QUIP INC COMMON 262037104 203 12000 SH SOLE 0 12000 0 E I DU PONT DE NEMOURS COMMON 263534109 25286 631992 SH SOLE 0 631992 0 EGL INC COMMON 268484102 12324 677500 SH SOLE 0 677500 0 E M C CORP MASS COMMON 268648102 22418 1774966 SH SOLE 0 1774966 0 ENSCO INTL INC COMMON 26874Q100 1459 54400 SH SOLE 0 54400 0 EOG RES INC COMMON 26875P101 13705 328350 SH SOLE 0 328350 0 EL PASO CORP COMMON 28336L109 3045 417130 SH SOLE 0 417130 0 EMERSON ELECTRIC CO COMMON 291011104 2881 54715 SH SOLE 0 54715 0 EMMIS COMMUNICATIONS COR COMMON 291525103 4520 223300 SH SOLE 0 223300 0 ENCORE ACQUISITION CO COMMON 29255W100 5449 252850 SH SOLE 0 252850 0 ENTERGY CORP NEW COMMON 29364G103 1840 33975 SH SOLE 0 33975 0 EQUITABLE RES INC COMMON 294549100 1644 40000 SH SOLE 0 40000 0 EVERGREEN RES INC COMMON 299900308 4660 172600 SH SOLE 0 172600 0 EXXON MOBIL CORP COMMON 30231G102 174738 4774261 SH SOLE 0 4774261 0 FPL GROUP INC COMMON 302571104 604 9552 SH SOLE 0 9552 0 FAIR ISAAC CORP COMMON 303250104 371 6300 SH SOLE 0 6300 0
Page 4 FAMILY DLR STORES INC COMMON 307000109 15076 377950 SH SOLE 0 377950 0 FEDERAL NATL MTG ASSN COMMON 313586109 13702 195188 SH SOLE 0 195188 0 FEDEX CORP COMMON 31428X106 408 6332 SH SOLE 0 6332 0 FIFTH THIRD BANCORP COMMON 316773100 308 5538 SH SOLE 0 5538 0 FIRST DATA CORP COMMON 319963104 35959 899865 SH SOLE 0 899865 0 IDEAGLOBAL.COM LTD COMMON 333333334 7 59288 SH SOLE 0 59288 0 FIRST ST BANCORPORATION COMMON 336453105 948 32000 SH SOLE 0 32000 0 FLEETBOSTON FINL CORP COMMON 339030108 5630 186749 SH SOLE 0 186749 0 FOOT LOCKER INC COMMON 344849104 21420 1322250 SH SOLE 0 1322250 0 FORTUNE BRANDS INC COMMON 349631101 416 7326 SH SOLE 0 7326 0 FREEPORT-MCMORAN COPPER COMMON 35671D857 2770 83700 SH SOLE 0 83700 0 GADZOOKS INC COMMON 362553109 1668 340200 SH SOLE 0 340200 0 GANNETT CO INC COMMON 364730101 40479 521900 SH SOLE 0 521900 0 GAP INC DEL COMMON 364760108 177 10337 SH SOLE 0 10337 0 GENERAL DYNAMICS CORP COMMON 369550108 22877 293075 SH SOLE 0 293075 0 GENERAL ELECTRIC CO COMMON 369604103 81853 2745839 SH SOLE 0 2745839 0 GENERAL GROWTH PPTYS INC COMMON 370021107 552 7700 SH SOLE 0 7700 0 GENERAL MILLS INC COMMON 370334104 3740 79446 SH SOLE 0 79446 0 GENTEX CORP COMMON 371901109 230 6600 SH SOLE 0 6600 0 GENTA INC COMMON 37245M207 251 19800 SH SOLE 0 19800 0 GILLETTE COMPANY COMMON 375766102 8537 266947 SH SOLE 0 266947 0 GLACIER BANCORP INC NEW COMMON 37637Q105 7691 280400 SH SOLE 0 280400 0 GLAXOSMITHKLINE PLC COMMON 37733W105 2257 53220 SH SOLE 0 53220 0 GOLDMAN SACHS GROUP INC COMMON 38141G104 1519 18100 SH SOLE 0 18100 0 GOODRICH CORP COMMON 382388106 6661 274775 SH SOLE 0 274775 0 GRAY TELEVISION INC COMMON 389375106 3634 311100 SH SOLE 0 311100 0 GUIDANT CORP COMMON 401698105 277 5916 SH SOLE 0 5916 0 GULFTERRA ENERGY PARTNER COMMON 40274U108 1031 25700 SH SOLE 0 25700 0 HCA INC COMMON 404119109 5084 137920 SH SOLE 0 137920 0 HAIN CELESTIAL GROUP INC COMMON 405217100 4174 230200 SH SOLE 0 230200 0 HALLIBURTON COMPANY COMMON 406216101 2539 104718 SH SOLE 0 104718 0 HANOVER COMPRESSOR CO COMMON 410768105 14068 1421000 SH SOLE 0 1421000 0
Page 5 HARRIS CORP DEL COMMON 413875105 52834 1476225 SH SOLE 0 1476225 0 HARTE-HANKS INC COMMON 416196103 4842 262600 SH SOLE 0 262600 0 HEWLETT PACKARD COMPANY COMMON 428236103 3614 186650 SH SOLE 0 186650 0 HIBERNIA CORP COMMON 428656102 36601 1806565 SH SOLE 0 1806565 0 HOME DEPOT INC COMMON 437076102 73271 2300507 SH SOLE 0 2300507 0 HONEYWELL INTL INC COMMON 438516106 38137 1447325 SH SOLE 0 1447325 0 HOOPER HOLMES INC COMMON 439104100 2863 430600 SH SOLE 0 430600 0 HUGOTON RTY TR TEX COMMON 444717102 744 39700 SH SOLE 0 39700 0 HUNT J B TRANS SVCS INC COMMON 445658107 5544 211700 SH SOLE 0 211700 0 HYDRIL COMMON 448774109 3565 174500 SH SOLE 0 174500 0 ITXC CORP COMMON 45069F109 2243 687950 SH SOLE 0 687950 0 INTEL CORPORATION COMMON 458140100 75380 2739102 SH SOLE 0 2739102 0 INTL BUSINESS MACHINES COMMON 459200101 49550 560968 SH SOLE 0 560968 0 INTERNATIONAL GAME TECHN COMMON 459902102 4290 152400 SH SOLE 0 152400 0 INTERWEST MED CORP COMMON 460909104 1 13334 SH SOLE 0 13334 0 INTERTAN INC COMMON 461120107 6457 705700 SH SOLE 0 705700 0 IRON MTN INC PA COMMON 462846106 5713 159150 SH SOLE 0 159150 0 ISHARES TR COMMON 464287655 286 2950 SH SOLE 0 2950 0 JDS UNIPHASE CORP COMMON 46612J101 1269 352560 SH SOLE 0 352560 0 J P MORGAN & COMPANY INC COMMON 46625H100 7205 209874 SH SOLE 0 209874 0 JANUS CAP GROUP INC COMMON 47102X105 165 11800 SH SOLE 0 11800 0 JOHNSON & JOHNSON COMMON 478160104 39556 798792 SH SOLE 0 798792 0 JOS A BANK CLOTHIERS INC COMMON 480838101 6569 149700 SH SOLE 0 149700 0 KLA-TENCOR CORP COMMON 482480100 1533 29700 SH SOLE 0 29700 0 KVH INDS INC COMMON 482738101 1655 65500 SH SOLE 0 65500 0 KANSAS CITY SOUTHERN COMMON 485170302 138 12500 SH SOLE 0 12500 0 KEMET CORP COMMON 488360108 2816 221000 SH SOLE 0 221000 0 KEYSPAN CORP COMMON 49337W100 249 7100 SH SOLE 0 7100 0 KIMBERLY-CLARK CORP COMMON 494368103 72578 1414220 SH SOLE 0 1414220 0 KINDER MORGAN ENERGY PAR COMMON 494550106 496 11600 SH SOLE 0 11600 0 KINDRED HEALTHCARE INC COMMON 494580103 929 24800 SH SOLE 0 24800 0
Page 6 KIRBY CORPORATION COMMON 497266106 38755 1350350 SH SOLE 0 1350350 0 KOHLS CORP COMMON 500255104 5299 99050 SH SOLE 0 99050 0 KOPIN CORP COMMON 500600101 9561 1387650 SH SOLE 0 1387650 0 KRAFT FOODS INC COMMON 50075N104 18985 643575 SH SOLE 0 643575 0 LA QUINTA CORP COMMON 50419U202 4859 779900 SH SOLE 0 779900 0 LANDSTAR SYS INC COMMON 515098101 4649 75700 SH SOLE 0 75700 0 LAUDER ESTEE COS INC COMMON 518439104 2558 75000 SH SOLE 0 75000 0 LEGGETT & PLATT INC COMMON 524660107 1262 58355 SH SOLE 0 58355 0 LEHMAN BROS HLDGS INC COMMON 524908100 9692 140300 SH SOLE 0 140300 0 LIBERTY MEDIA CORP NEW COMMON 530718105 2040 204600 SH SOLE 0 204600 0 ELI LILLY AND COMPANY COMMON 532457108 261 4388 SH SOLE 0 4388 0 LIN TV CORP COMMON 532774106 2064 97100 SH SOLE 0 97100 0 LINCOLN NATL CORP IND COMMON 534187109 3320 93850 SH SOLE 0 93850 0 LINDSAY MFG CO COMMON 535555106 10399 517350 SH SOLE 0 517350 0 CAROLINA GP STK COMMON 540424207 2312 100500 SH SOLE 0 100500 0 LONGVIEW FIBRE CO COMMON 543213102 1241 127000 SH SOLE 0 127000 0 LOUISIANA PAC CORP COMMON 546347105 29922 2171380 SH SOLE 0 2171380 0 LOWES COS INC COMMON 548661107 1553 29920 SH SOLE 0 29920 0 MBNA CORP COMMON 55262L100 374 16382 SH SOLE 0 16382 0 MDU RES GROUP INC COMMON 552690109 540 16000 SH SOLE 0 16000 0 MAGELLAN MIDSTREAM PRTNR COMMON 559080106 568 12400 SH SOLE 0 12400 0 USX-MARATHON GROUP COMMON 565849106 1140 40000 SH SOLE 0 40000 0 MARKEL CORP COMMON 570535104 1028 3850 SH SOLE 0 3850 0 MARSH & MCLENNAN COS INC COMMON 571748102 558 11714 SH SOLE 0 11714 0 MASCO CORP COMMON 574599106 25062 1023780 SH SOLE 0 1023780 0 MAXIM INTEGRATED PRODS I COMMON 57772K101 1304 32860 SH SOLE 0 32860 0 MCCORMICK & CO INC COMMON 579780206 345 12600 SH SOLE 0 12600 0 MCGRATH RENTCORP COMMON 580589109 2450 87500 SH SOLE 0 87500 0 MEDTRONIC INC COMMON 585055106 49342 1051621 SH SOLE 0 1051621 0 MELLON FINL CORP COMMON 58551A108 38218 1268014 SH SOLE 0 1268014 0 MERCK & CO INC COMMON 589331107 37014 731216 SH SOLE 0 731216 0 MERCURY INTERACTIVE CORP COMMON 589405109 2107 46200 SH SOLE 0 46200 0
Page 7 MERRILL LYNCH & CO INC COMMON 590188108 410 7650 SH SOLE 0 7650 0 MICROSOFT CORPORATION COMMON 594918104 81168 2919729 SH SOLE 0 2919729 0 MICRON TECHNOLOGY INC COMMON 595112103 3266 243400 SH SOLE 0 243400 0 MIDCAP SPDR TR COMMON 595635103 481 5150 SH SOLE 0 5150 0 MOBILE MINI INC COMMON 60740F105 11415 586300 SH SOLE 0 586300 0 MODTECH HLDGS INC COMMON 60783C100 753 95000 SH SOLE 0 95000 0 MORGAN STANLEY COMMON 617446448 17172 340305 SH SOLE 0 340305 0 MOTOROLA INC COMMON 620076109 19404 1623735 SH SOLE 0 1623735 0 MURPHY OIL CORPORATION COMMON 626717102 2421 41200 SH SOLE 0 41200 0 NCR CORP NEW COMMON 62886E108 609 19231 SH SOLE 0 19231 0 NL INDS INC COMMON 629156407 814 50000 SH SOLE 0 50000 0 NATIONAL CITY CORP COMMON 635405103 267 9052 SH SOLE 0 9052 0 NATIONAL PRESTO INDS INC COMMON 637215104 319 9300 SH SOLE 0 9300 0 NATIONAL SEMICONDUCTOR C COMMON 637640103 683 21150 SH SOLE 0 21150 0 NESTLE S A COMMON 641069406 692 12000 SH SOLE 0 12000 0 NEW YORK TIMES CO COMMON 650111107 391 9000 SH SOLE 0 9000 0 NEWELL RUBBERMAID INC COMMON 651229106 13895 641225 SH SOLE 0 641225 0 NOKIA CORP COMMON 654902204 3115 199660 SH SOLE 0 199660 0 NOBLE ENERGY INC COMMON 655044105 16914 441625 SH SOLE 0 441625 0 NORTHERN TRUST CORP COMMON 665859104 21062 497330 SH SOLE 0 497330 0 OFFICE DEPOT INC COMMON 676220106 5503 391700 SH SOLE 0 391700 0 ORACLE CORP COMMON 68389X105 42071 3739641 SH SOLE 0 3739641 0 PMC-SIERRA INC COMMON 69344F106 1774 134500 SH SOLE 0 134500 0 PACKAGING CORP AMER COMMON 695156109 3919 201800 SH SOLE 0 201800 0 PARK PL ENTMT CORP COMMON 700690100 2600 288600 SH SOLE 0 288600 0 PATTERSON DENTAL CO COMMON 703412106 6662 115700 SH SOLE 0 115700 0 PEETS COFFEE & TEA INC COMMON 705560100 4492 228350 SH SOLE 0 228350 0 PEGASUS SOLUTIONS INC COMMON 705906105 2689 194750 SH SOLE 0 194750 0 PENN NATL GAMING INC COMMON 707569109 3635 170500 SH SOLE 0 170500 0 PEPSICO INC COMMON 713448108 84858 1851581 SH SOLE 0 1851581 0 PFIZER INC COMMON 717081103 73853 2430980 SH SOLE 0 2430980 0
Page 8 PLUM CREEK TIMBER CO INC COMMON 729251108 6147 241615 SH SOLE 0 241615 0 POPE & TALBOT INC COMMON 732827100 4522 299100 SH SOLE 0 299100 0 PROCTER & GAMBLE COMPANY COMMON 742718109 33877 364972 SH SOLE 0 364972 0 PROVIDIAN FINL CORP COMMON 74406A102 170 14400 SH SOLE 0 14400 0 PRUDENTIAL FINL INC COMMON 744320102 17477 467800 SH SOLE 0 467800 0 PRUDENTIAL FIN PFD CV 744320201 7934 132100 SH SOLE 0 132100 0 PUGET ENERGY INC NEW COMMON 745310102 285 12700 SH SOLE 0 12700 0 RADIAN GROUP INC COMMON 750236101 2964 66750 SH SOLE 0 66750 0 RADIOSHACK CORP COMMON 750438103 227 8000 SH SOLE 0 8000 0 RAILAMERICA INC COMMON 750753105 7580 881442 SH SOLE 0 881442 0 RAILAMERICA JR CV($10)SD BND CV 750753AA3 2888 275000 PRN SOLE 0 275000 0 RAYTHEON COMPANY COMMON 755111507 24640 880012 SH SOLE 0 880012 0 RAYTHEON INC PFD CV 755111606 7201 136000 SH SOLE 0 136000 0 RELIANCE STEEL & ALUMINU COMMON 759509102 7993 360200 SH SOLE 0 360200 0 REPUBLIC SVCS INC COMMON 760759100 985 43500 SH SOLE 0 43500 0 REYNOLDS & REYNOLDS CO COMMON 761695105 4287 155600 SH SOLE 0 155600 0 ROYAL DUTCH PETE CO COMMON 780257804 1493 33768 SH SOLE 0 33768 0 SBC COMMUNICATIONS INC COMMON 78387G103 2852 128179 SH SOLE 0 128179 0 SPDR TR COMMON 78462F103 1266 12667 SH SOLE 0 12667 0 SABINE ROYALTY TR COMMON 785688102 243 8679 SH SOLE 0 8679 0 SAGA COMMUNICATIONS COMMON 786598102 1677 86657 SH SOLE 0 86657 0 ST JOE CO COMMON 790148100 1564 48750 SH SOLE 0 48750 0 ST MARY LD & EXPL CO COMMON 792228108 2998 118400 SH SOLE 0 118400 0 SAN JUAN BASIN RTY TR COMMON 798241105 289 16000 SH SOLE 0 16000 0 SARA LEE CORPORATION COMMON 803111103 727 39600 SH SOLE 0 39600 0 SCHEIN HENRY INC COMMON 806407102 4004 70600 SH SOLE 0 70600 0 SCHERING-PLOUGH CORP COMMON 806605101 31823 2088099 SH SOLE 0 2088099 0 SCHLUMBERGER LIMITED COMMON 806857108 39802 822354 SH SOLE 0 822354 0 SCIENTIFIC ATLANTA INC COMMON 808655104 1030 33050 SH SOLE 0 33050 0 SCRIPPS E W CO OHIO COMMON 811054204 4740 55700 SH SOLE 0 55700 0 SEALED AIR CORP NEW COMMON 81211K100 250 5300 SH SOLE 0 5300 0 SERENA SOFTWARE INC COMMON 817492101 4485 243100 SH SOLE 0 243100 0
Page 9 SERVICEMASTER CO COMMON 81760N109 313 30550 SH SOLE 0 30550 0 SHELL TRANS & TRADING PL COMMON 822703609 223 5900 SH SOLE 0 5900 0 SHERWIN-WILLIAMS CO COMMON 824348106 6655 226300 SH SOLE 0 226300 0 SIMMONS 1ST NATL CORP COMMON 828730200 6722 292260 SH SOLE 0 292260 0 SIMON PPTY GROUP INC NEW COMMON 828806109 344 7900 SH SOLE 0 7900 0 SMITH INTL INC COMMON 832110100 2785 77400 SH SOLE 0 77400 0 SOUTHWEST AIRLS CO COMMON 844741108 853 48175 SH SOLE 0 48175 0 SOUTHWEST BANCORPORATION COMMON 84476R109 4558 124900 SH SOLE 0 124900 0 STARWOOD HOTELS&RESORTS COMMON 85590A203 4492 129075 SH SOLE 0 129075 0 STATE STREET BOSTON CORP COMMON 857477103 1649 36650 SH SOLE 0 36650 0 STONE ENERGY CORP COMMON 861642106 882 25000 SH SOLE 0 25000 0 SUMMIT BANCSHARES INC TE COMMON 866011109 1701 63000 SH SOLE 0 63000 0 SUN MICROSYSTEMS INC COMMON 866810104 1010 305000 SH SOLE 0 305000 0 SUNGARD DATA SYS INC COMMON 867363103 19063 724570 SH SOLE 0 724570 0 ENCORE BANCSHARES COMMON 868686866 566 47157 SH SOLE 0 47157 0 SYBRON DENTAL SPECIALTIE COMMON 871142105 20637 823189 SH SOLE 0 823189 0 SYLVAN LEARNING SYS INC COMMON 871399101 5759 210100 SH SOLE 0 210100 0 SYSCO CORPORATION COMMON 871829107 9638 294664 SH SOLE 0 294664 0 TEPPCO PARTNERS L P COMMON 872384102 690 19500 SH SOLE 0 19500 0 T-3 ENERGY SRVCS INC COMMON 87306E107 201 35000 SH SOLE 0 35000 0 TARGET CORP COMMON 87612E106 3493 92827 SH SOLE 0 92827 0 TEKELEC COMMON 879101103 5724 364800 SH SOLE 0 364800 0 TELLABS INC COMMON 879664100 215 31600 SH SOLE 0 31600 0 TEMPLE-INLAND INC COMMON 879868107 33406 688075 SH SOLE 0 688075 0 TENET HEALTHCARE CORP COMMON 88033G100 1161 80200 SH SOLE 0 80200 0 TEVA PHARMACEUTICAL INDS COMMON 881624209 42051 735150 SH SOLE 0 735150 0 TEXAS INSTRS INC COMMON 882508104 57044 2501910 SH SOLE 0 2501910 0 TEXAS REGL BANCSHARES IN COMMON 882673106 16980 502513 SH SOLE 0 502513 0 3M CO COMMON 88579Y101 1746 25276 SH SOLE 0 25276 0 TIFFANY & CO NEW COMMON 886547108 14794 396300 SH SOLE 0 396300 0 TRACTOR SUPPLY CO COMMON 892356106 24322 741300 SH SOLE 0 741300 0
Page 10 TRAMMELL CROW CO COMMON 89288R106 436 35000 SH SOLE 0 35000 0 TRIAD HOSPITALS INC COMMON 89579K109 41108 1357600 SH SOLE 0 1357600 0 TRIAD GTY INC COMMON 895925105 4059 82700 SH SOLE 0 82700 0 TRIBUNE 2% 5/15/29 PFD CV 896047305 5340 65930 SH SOLE 0 65930 0 TULARIK INC COMMON 899165104 800 80000 SH SOLE 0 80000 0 TYCO INTL LTD NEW COMMON 902124106 6306 308680 SH SOLE 0 308680 0 TYLER TECHNOLOGIES INC COMMON 902252105 1963 277300 SH SOLE 0 277300 0 TYSON FOODS INC COMMON 902494103 157 11143 SH SOLE 0 11143 0 US BANCORP DEL COMMON 902973304 1193 49717 SH SOLE 0 49717 0 UNION PACIFIC CORP COMMON 907818108 230 3960 SH SOLE 0 3960 0 UNITED NAT FOODS INC COMMON 911163103 5244 158000 SH SOLE 0 158000 0 UNITED PARCEL SERVICE IN COMMON 911312106 692 10850 SH SOLE 0 10850 0 UNITED TECHNOLOGIES CORP COMMON 913017109 1023 13233 SH SOLE 0 13233 0 UNOCAL CORPORATION COMMON 915289102 45538 1444733 SH SOLE 0 1444733 0 VALERO L P COMMON 91913W104 315 7200 SH SOLE 0 7200 0 VARCO INTL INC DEL COMMON 922122106 1108 65500 SH SOLE 0 65500 0 VARIAN MED SYS INC COMMON 92220P105 696 12100 SH SOLE 0 12100 0 VERITAS SOFTWARE CO COMMON 923436109 2049 65000 SH SOLE 0 65000 0 VERIZON COMMUNICATIONS COMMON 92343V104 39173 1207565 SH SOLE 0 1207565 0 VIACOM INC CL B COMMON 925524308 33023 862231 SH SOLE 0 862231 0 VIAD CORP COMMON 92552R109 4411 184700 SH SOLE 0 184700 0 VISHAY INTERTECHNOLOGY I COMMON 928298108 2500 142700 SH SOLE 0 142700 0 VODAFONE GROUP PLC NEW COMMON 92857W100 481 23750 SH SOLE 0 23750 0 VORNADO RLTY TR COMMON 929042109 673 14000 SH SOLE 0 14000 0 WAL-MART STORES INC COMMON 931142103 31903 571226 SH SOLE 0 571226 0 WALGREEN CO COMMON 931422109 8679 283250 SH SOLE 0 283250 0 WASHINGTON MUT INC COMMON 939322103 338 8595 SH SOLE 0 8595 0 WASTE CONNECTIONS INC COMMON 941053100 3698 105400 SH SOLE 0 105400 0 WASTE MGMT INC DEL COMMON 94106L109 30457 1163800 SH SOLE 0 1163800 0 WEIGHT WATCHERS INTL INC COMMON 948626106 2571 61800 SH SOLE 0 61800 0 WEINGARTEN REALTY INVS COMMON 948741103 231 5137 SH SOLE 0 5137 0 WELLPOINT HEALTH NETWORK COMMON 94973H108 370 4800 SH SOLE 0 4800 0
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