13F-HR 1 j13f0907.txt SEPT 30, 2007 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION " WASHINGTON, D.C.20549" FORM 13F FORM 13F COVER PAGE "Report for the Quarter ended: September 30, 2007" 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: HGK Asset Management, Inc." Address: Suite 2601 Newport Tower 525 Washington Boulevard Jersey City New Jersey NJ07310 13F File Number : 28 - 1321 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing this 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, tables, are considered integral parts of this form." Person signing this report on Behalf of Reporting Manager: Name: Jeffrey T. Harris Title: President Phone: 201-659-3700 "Signature, Place, and Date of Signing:" "Jeffrey T. Harris Jersey City, New Jersey October 29, 2007" Report Type (Check only one) : [X] 13F HOLDING REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT 0F 1934. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 156 "Form 13F Information Table Value Total: $ 1,834,344,000.00." List of Other Included Managers: NONE FORM 13F INFORMATION TABLE ISSUER CLASS CUSIP VALUE SHRS OR SH/PUT/ INVSTMTOTHER VTG AUTH (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE 3M CO Common Stock 88579Y101 281 3000 SOLE NONE 0 ACCENTURE LTD-CL A Common Stock G1150G111 358 8895 SOLE NONE 6575 ADC TELECOM Common Stock 000886309 3201 163214 SOLE NONE 108675 AGL RESOURCES Common Stock 001204106 7217 182150 SOLE NONE 120400 ALCOA Common Stock 013817101 20557 525490 SOLE NONE 174740 ALLSTATE CORP Common Stock 020002101 32776 573101 SOLE NONE 194551 ALTRIA Common Stock 02209S103 500 7196 SOLE NONE 0 AMEREN Common Stock 023608102 5106 97250 SOLE NONE 64400 AMERICAN EAGLE OUTF Common Stock 02553E106 8914 338800 SOLE NONE 224350 AMERICAN EXPRESS Common Stock 025816109 285 4800 SOLE NONE 0 AMERICAN INT'L GROU Common Stock 026874107 33793 499530 SOLE NONE 169630 AMPHENOL CORP Common Stock 032095101 559 14050 SOLE NONE 10300 ARCHER DANIELS Common Stock 039483102 578 17475 SOLE NONE 12825 ARKANSAS BEST Common Stock 040790107 7463 228500 SOLE NONE 151100 AT & T INC Common Stock 00206R102 30851 729164 SOLE NONE 243881 BAKER HUGHES Common Stock 057224107 35026 387587 SOLE NONE 130979 BANK OF AMERICA Common Stock 060505104 39807 791870 SOLE NONE 269000 BANK OF NY MELLON C Common Stock 064058100 403 9134 SOLE NONE 0 BEAR STERNS COMPANI Common Stock 073902108 307 2500 SOLE NONE 0 BED BATH & BEYOND Common Stock 075896100 7339 215100 SOLE NONE 142100 BEST BUY Common Stock 086516101 539 11710 SOLE NONE 8600 BOEING COMPANY Common Stock 097023105 528 5025 SOLE NONE 3725 BROWN-FORMAN CORP - Common Stock 115637209 8581 114550 SOLE NONE 75400 CA INC. Common Stock 12673P105 737 28650 SOLE NONE 0 CABOT CORP Common Stock 127055101 9262 260670 SOLE NONE 172290 CALLAWAY GOLF COMPA Common Stock 131193104 3970 248000 SOLE NONE 163900 CAMPBELL SOUP INC Common Stock 134429109 28689 775390 SOLE NONE 259250 CARNIVAL CORP Common Stock 143658300 26636 549995 SOLE NONE 184870 CATERPILLAR Common Stock 149123101 37296 475530 SOLE NONE 165480 CBRL GROUP INC Common Stock 12489V106 11725 287380 SOLE NONE 190150 CBS CORPORATION Common Stock 124857202 514 18500 SOLE NONE 0 CENTURYTEL Common Stock 156700106 10390 224802 SOLE NONE 148600 CHARLES RIVER LABS Common Stock 159864107 11109 197850 SOLE NONE 130950 CHEVRON CORP Common Stock 166764100 36205 386893 SOLE NONE 133065 CIT GROUP INC Common Stock 125581108 9486 235980 SOLE NONE 155850 CITIGROUP INC Common Stock 172967101 35141 752968 SOLE NONE 256231 CLEAR CHANNEL COMMU Common Stock 184502102 636 17000 SOLE NONE 0 COCA COLA ENTERPRIS Common Stock 191219104 10025 413900 SOLE NONE 274400 COCA-COLA Common Stock 191216100 241 4200 SOLE NONE 0 COLGATE PALMOLIVE Common Stock 194162103 321 4500 SOLE NONE 0 COMCAST CORP CLASS Common Stock 20030N200 801 33450 SOLE NONE 0 COMPUTER SCIENCES C Common Stock 205363104 7843 140300 SOLE NONE 93000 COMTECH GROUP Common Stock 205821200 263 15000 SOLE NONE 0 CONOCOPHILLIPS Common Stock 20825C104 36209 412546 SOLE NONE 140800 CONSTELLATION ENERG Common Stock 210371100 429 5000 SOLE NONE 0 COUNTRYWIDE FINANCI Common Stock 222372104 741 39000 SOLE NONE 0 COVENTRY HEALTHCARE Common Stock 222862104 507 8155 SOLE NONE 6000 CSX CORP Common Stock 126408103 256 6000 SOLE NONE 0 CYPRESS SEMICONDUCT Common Stock 232806109 12707 435030 SOLE NONE 288400 EATON CORP Common Stock 278058102 4798 48450 SOLE NONE 32050 EBAY INC Common Stock 278642103 499 12780 SOLE NONE 9400 ENSCO INTERNATIONAL Common Stock 26874Q100 7531 134250 SOLE NONE 89200 ESTEE LAUDER CO - C Common Stock 518439104 35698 840740 SOLE NONE 352670 EVEREST RE GROUP LT Common Stock G3223R108 9707 88050 SOLE NONE 58300 EXELON CORP Common Stock 30161N101 410 5445 SOLE NONE 4025 EXPRESS SCRIPTS Common Stock 302182100 388 6950 SOLE NONE 5150 EXXON MOBIL Common Stock 30231G102 602 6500 SOLE NONE 0 FEDERAL NATL MTG AS Common Stock 313586109 870 14300 SOLE NONE 0 FIRST HORIZON NATL Common Stock 320517105 4747 178050 SOLE NONE 118050 FISERV INC Common Stock 337738108 30445 598600 SOLE NONE 202220 FREEPORT McMORAN CO Common Stock 35671D857 23672 225683 SOLE NONE 79538 GANNETT Common Stock 364730101 27511 629535 SOLE NONE 269975 GARMIN LTD Common Stock G37260109 558 4670 SOLE NONE 3410 GENERAL DYNAMICS Common Stock 369550108 39192 463980 SOLE NONE 160550 GENERAL ELECTRIC Common Stock 369604103 286 6900 SOLE NONE 0 GENWORTH FINANCIAL Common Stock 37247D106 8494 276400 SOLE NONE 164450 GENZYME Common Stock 372917104 496 8010 SOLE NONE 5850 GEORGIA GULF Common Stock 373200203 4276 307600 SOLE NONE 203500 GLOBALSANTAFE CORP Common Stock G3930E101 29468 387640 SOLE NONE 130570 HARLEY-DAVIDSON INC Common Stock 412822108 267 5780 SOLE NONE 0 HARTFORD FINANCIAL Common Stock 416515104 393 4250 SOLE NONE 3150 HESS CORPORATION Common Stock 42809H107 42423 637649 SOLE NONE 278949 HOME DEPOT Common Stock 437076102 24255 747675 SOLE NONE 259700 HORMEL Common Stock 440452100 10587 295890 SOLE NONE 197500 INGERSOLL-RAND Common Stock G4776G101 42493 780126 SOLE NONE 336471 INT'L BUSINESS MACH Common Stock 459200101 28267 239956 SOLE NONE 82000 INT'L PAPER Common Stock 460146103 14337 399690 SOLE NONE 130650 JEFFERIES GROUP Common Stock 472319102 6450 231750 SOLE NONE 152900 JOHNSON & JOHNSON Common Stock 478160104 36368 553552 SOLE NONE 191115 JPMORGAN CHASE & CO Common Stock 46625H100 36750 802058 SOLE NONE 274560 KLA-TENCOR CORP Common Stock 482480100 31660 567580 SOLE NONE 193400 KOHLS CORP Common Stock 500255104 23784 414860 SOLE NONE 139580 KRAFT FOODS INC Common Stock 50075N104 332 9614 SOLE NONE 0 L-3 COMMUNICATIONS Common Stock 502424104 641 6275 SOLE NONE 4575 LAB CORP of AMERICA Common Stock 50540R409 37907 484552 SOLE NONE 211140 LAM RESEARCH CORP Common Stock 512807108 437 8200 SOLE NONE 6000 LILLY ELI Common Stock 532457108 31409 551710 SOLE NONE 187050 LINCOLN NATIONAL Common Stock 534187109 5212 79000 SOLE NONE 51100 LOCKHEED MARTIN Common Stock 539830109 852 7857 SOLE NONE 0 LOWES CORP Common Stock 540424108 587 12150 SOLE NONE 0 MARATHON OIL CORP Common Stock 565849106 28693 503209 SOLE NONE 168729 MARSHALL & ILSLEY C Common Stock 571834100 7872 179850 SOLE NONE 119250 MEADWESTVACO CORP Common Stock 583334107 8573 290300 SOLE NONE 192000 MERRILL LYNCH & CO Common Stock 590188108 515 7225 SOLE NONE 5325 METLIFE INC Common Stock 59156R108 34206 490551 SOLE NONE 165031 MF GLOBAL LTD Common Stock G60642108 300 10000 SOLE NONE 0 MGIC INV CORP Common Stock 552848103 265 8200 SOLE NONE 0 MICRON TECH INC Common Stock 595112103 6100 549550 SOLE NONE 363850 MORGAN STANLEY Common Stock 617446448 31346 497549 SOLE NONE 168231 MOTOROLA Common Stock 620076109 27307 1473660 SOLE NONE 487300 MYLAN INC Common Stock 628530107 8029 503050 SOLE NONE 333350 NETWORK APPLIANCE I Common Stock 64120L104 346 12850 SOLE NONE 9400 OFFICE DEPOT INC Common Stock 676220106 17131 830800 SOLE NONE 359460 OKLAHOMA GAS & ELEC Common Stock 670837103 5580 168590 SOLE NONE 111600 ONEBEACON INSURANCE Common Stock G67742109 238 9500 SOLE NONE 0 ORACLE SYSTEMS Common Stock 68389X105 27206 1256630 SOLE NONE 436320 PARKER HANNIFIN Common Stock 701094104 46751 418050 SOLE NONE 171950 PEPSICO Common Stock 713448108 31729 433105 SOLE NONE 150985 PFIZER INC Common Stock 717081103 30437 1245875 SOLE NONE 430107 PITNEY BOWES INC Common Stock 724479100 627 13800 SOLE NONE 0 PMI GROUP INC Common Stock 69344M101 8295 253660 SOLE NONE 168250 PNC FINANCIAL Common Stock 693475105 31668 465023 SOLE NONE 157520 POPULAR INC Common Stock 733174106 4264 347200 SOLE NONE 229200 PPG INDUSTRIES Common Stock 693506107 28152 372630 SOLE NONE 167710 PPL CORP Common Stock 69351T106 4567 98650 SOLE NONE 65300 PROCTOR & GAMBLE Common Stock 742718109 33090 470430 SOLE NONE 161570 PROGRESS ENERGY INC Common Stock 743263105 429 9155 SOLE NONE 6675 PUBLIC SERVICE ENTE Common Stock 744573106 21705 246677 SOLE NONE 78380 PUGET ENERGY INC Common Stock 745310102 6119 250060 SOLE NONE 165950 QUEST DIAGNOSTICS I Common Stock 74834L100 492 8520 SOLE NONE 6250 RADIAN GROUP Common Stock 750236101 303 13000 SOLE NONE 0 RF MICRO DEVICES Common Stock 749941100 8879 1319340 SOLE NONE 869100 ROWAN COMPANIES INC Common Stock 779382100 9776 267250 SOLE NONE 177050 ROYAL CARRIBBEAN Common Stock V7780T103 7833 200700 SOLE NONE 132750 SAFECO CORP Common Stock 786429100 9082 148350 SOLE NONE 98250 SANDISK CORP Common Stock 80004C101 562 10200 SOLE NONE 7400 SOUTHERN CO Common Stock 842587107 21721 598700 SOLE NONE 202060 SOVEREIGN BANCORP Common Stock 845905108 5128 300950 SOLE NONE 199050 SPRINT CORP Common Stock 852061100 252 13267 SOLE NONE 0 ST JUDE MEDICAL INC Common Stock 790849103 32760 743370 SOLE NONE 252350 ST. PAUL TRAVELERS Common Stock 89417E109 472 9375 SOLE NONE 6850 STAPLES INC Common Stock 855030102 350 16300 SOLE NONE 11950 STRYKER CORP Common Stock 863667101 350 5090 SOLE NONE 3740 SUPERVALU INC Common Stock 868536103 7697 197300 SOLE NONE 130350 TELLABS Common Stock 879664100 3975 417500 SOLE NONE 276900 TIDEWATER INC Common Stock 886423102 8813 140250 SOLE NONE 92550 TRANSAMERICA Common Stock 893485102 447 6000 SOLE NONE 0 TYSON FOODS - CLASS Common Stock 902494103 321 18000 SOLE NONE 0 UNION PACIFIC CORP Common Stock 907818108 861 7619 SOLE NONE 0 UNIONBANCAL CORP Common Stock 908906100 6504 111350 SOLE NONE 73850 UNITED PARCEL SERVI Common Stock 911312106 225 3000 SOLE NONE 0 UNITED STATES STEEL Common Stock 912909108 371 3500 SOLE NONE 0 UNITED TECHNOLOGIES Common Stock 913017109 624 7750 SOLE NONE 5700 UNITEDHEALTH GROUP Common Stock 91324P102 26042 537730 SOLE NONE 182650 VALERO ENERGY CORP Common Stock 91913Y100 499 7425 SOLE NONE 5400 VENOCO INC Common Stock 92275P307 1510 20000 SOLE NONE 0 VERIZON COMMUNICATI Common Stock 92343V104 29413 664260 SOLE NONE 220220 VIACOM CL B. Common Stock 92553P201 752 19300 SOLE NONE 0 WACHOVIA CORP Common Stock 929903102 542 10800 SOLE NONE 7950 WELLPOINT HEALTH NE Common Stock 94973V107 612 7760 SOLE NONE 5700 WELLS FARGO Common Stock 949746101 541 15200 SOLE NONE 11150 WW GRAINGER Common Stock 384802104 11029 120950 SOLE NONE 80050 WYETH Common Stock 983024100 26818 601972 SOLE NONE 204932 XCEL ENERGY Common Stock 98389B100 7853 364600 SOLE NONE 241100 XTO ENERGY INC Common Stock 98385X106 643 10400 SOLE NONE 6900 ZIONS BANCORP Common Stock 989701107 6585 95900 SOLE NONE 63600 1834344