13F-HR 1 j13f1207.txt 12/31/2007 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION " WASHINGTON, D.C.20549" FORM 13F FORM 13F COVER PAGE "Report for the Quarter ended: December 31, 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 February 1, 2008" 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: 147 "Form 13F Information Table Value Total: $ 1,794,876,000." 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 253 3000 SOLE NONE 0 ACCENTURE LTD-CL A Common Stock G1150G111 473 13125 SOLE NONE 9025 ADC TELECOM Common Stock 000886309 5380 345950 SOLE NONE 224061 AGL RESOURCES Common Stock 001204106 6779 180100 SOLE NONE 116900 ALCOA Common Stock 013817101 19909 544700 SOLE NONE 172850 ALLSTATE CORP Common Stock 020002101 31224 597809 SOLE NONE 193541 AMEREN Common Stock 023608102 5223 96350 SOLE NONE 62600 AMERICAN EAGLE OUTF Common Stock 02553E106 6960 335100 SOLE NONE 217750 AMERICAN EXPRESS Common Stock 025816109 250 4800 SOLE NONE 0 AMERICAN INT'L GROU Common Stock 026874107 30465 522548 SOLE NONE 169300 AMPHENOL CORP Common Stock 032095101 620 13380 SOLE NONE 9150 APACHE Common Stock 037411105 29008 269740 SOLE NONE 87710 ARCHER DANIELS Common Stock 039483102 879 18940 SOLE NONE 12990 ARKANSAS BEST Common Stock 040790107 4927 224570 SOLE NONE 145800 AT & T INC Common Stock 00206R102 36698 883012 SOLE NONE 290386 BAKER HUGHES Common Stock 057224107 28118 346710 SOLE NONE 113160 BANK OF AMERICA Common Stock 060505104 33530 812652 SOLE NONE 266540 BANK OF NY MELLON C Common Stock 064058100 445 9135 SOLE NONE 0 BEAR STERNS COMPANI Common Stock 073902108 221 2500 SOLE NONE 0 BED BATH & BEYOND Common Stock 075896100 6257 212900 SOLE NONE 137900 BEST BUY Common Stock 086516101 16120 306170 SOLE NONE 104550 BOEING COMPANY Common Stock 097023105 718 8210 SOLE NONE 5625 BROWN-FORMAN CORP - Common Stock 115637209 8393 113250 SOLE NONE 73150 CABOT CORP Common Stock 127055101 8588 257600 SOLE NONE 166890 CABOT OIL AND GAS C Common Stock 127097103 5323 131850 SOLE NONE 85400 CALLAWAY GOLF COMPA Common Stock 131193104 4277 245400 SOLE NONE 159100 CAMPBELL SOUP INC Common Stock 134429109 33697 943090 SOLE NONE 346300 CARNIVAL CORP Common Stock 143658300 27974 628770 SOLE NONE 202470 CATERPILLAR Common Stock 149123101 33236 458055 SOLE NONE 149150 CBRL GROUP INC Common Stock 12489V106 9255 285730 SOLE NONE 184550 CHARLES RIVER LABS Common Stock 159864107 12890 195900 SOLE NONE 127150 CHEVRON CORP Common Stock 166764100 42858 459213 SOLE NONE 148890 CIT GROUP INC Common Stock 125581108 5637 234580 SOLE NONE 151250 CITIGROUP INC Common Stock 172967101 24080 817922 SOLE NONE 267660 COCA COLA ENTERPRIS Common Stock 191219104 7019 269650 SOLE NONE 175200 COCA-COLA Common Stock 191216100 258 4200 SOLE NONE 0 COMPUTER SCIENCES C Common Stock 205363104 6869 138850 SOLE NONE 90300 COMTECH GROUP Common Stock 205821200 263 15000 SOLE NONE 0 CONOCOPHILLIPS Common Stock 20825C104 37281 422211 SOLE NONE 139370 CONSOLIDATED EDISON Common Stock 209115104 5320 108900 SOLE NONE 70700 CONSTELLATION ENERG Common Stock 210371100 513 5000 SOLE NONE 0 CORNING INC Common Stock 219350105 445 18540 SOLE NONE 12750 COVENTRY HEALTHCARE Common Stock 222862104 520 8780 SOLE NONE 6020 CSX CORP Common Stock 126408103 264 6000 SOLE NONE 0 CYPRESS SEMICONDUCT Common Stock 232806109 12048 334380 SOLE NONE 215150 DIAMOND OFFSHORE DR Common Stock 25271C102 669 4710 SOLE NONE 3225 EATON CORP Common Stock 278058102 4634 47800 SOLE NONE 31050 EBAY INC Common Stock 278642103 461 13890 SOLE NONE 9520 EMBARQ CORP Common Stock 29078E105 6989 141100 SOLE NONE 91400 ENSCO INTERNATIONAL Common Stock 26874Q100 7974 133750 SOLE NONE 86500 ESTEE LAUDER CO - C Common Stock 518439104 35509 814240 SOLE NONE 315070 EVEREST RE GROUP LT Common Stock G3223R108 8760 87250 SOLE NONE 56700 EXELON CORP Common Stock 30161N101 482 5910 SOLE NONE 4060 EXPRESS SCRIPTS Common Stock 302182100 464 6350 SOLE NONE 4340 EXXON MOBIL Common Stock 30231G102 609 6500 SOLE NONE 0 FIRST HORIZON NATL Common Stock 320517105 3194 176000 SOLE NONE 114550 FISERV INC Common Stock 337738108 34459 621000 SOLE NONE 199350 FOREST LAB INC Common Stock 345838106 15857 435040 SOLE NONE 144880 FREEPORT McMORAN CO Common Stock 35671D857 23938 233678 SOLE NONE 77753 GANNETT Common Stock 364730101 25084 643185 SOLE NONE 264975 GARMIN LTD Common Stock G37260109 571 5890 SOLE NONE 4040 GENERAL DYNAMICS Common Stock 369550108 35899 403400 SOLE NONE 131365 GENERAL ELECTRIC Common Stock 369604103 256 6900 SOLE NONE 0 GENWORTH FINANCIAL Common Stock 37247D106 6273 246500 SOLE NONE 159750 GENZYME Common Stock 372917104 643 8640 SOLE NONE 5910 GEORGIA GULF Common Stock 373200203 2016 304500 SOLE NONE 197700 HARLEY-DAVIDSON INC Common Stock 412822108 451 9655 SOLE NONE 6650 HARTFORD FINANCIAL Common Stock 416515104 405 4650 SOLE NONE 3200 HESS CORPORATION Common Stock 42809H107 10094 100080 SOLE NONE 64930 HOME DEPOT Common Stock 437076102 25321 939915 SOLE NONE 308270 HORMEL Common Stock 440452100 9396 232120 SOLE NONE 150750 INGERSOLL-RAND Common Stock G4776G101 8288 178350 SOLE NONE 115650 INT'L BUSINESS MACH Common Stock 459200101 27118 250859 SOLE NONE 81800 INT'L PAPER Common Stock 460146103 13160 406410 SOLE NONE 130820 JEFFERIES GROUP Common Stock 472319102 5278 229000 SOLE NONE 148300 JOHNSON & JOHNSON Common Stock 478160104 38994 584618 SOLE NONE 192275 JPMORGAN CHASE & CO Common Stock 46625H100 36142 827997 SOLE NONE 275170 KIMBERLY-CLARK Common Stock 494368103 25111 362150 SOLE NONE 115350 KLA-TENCOR CORP Common Stock 482480100 28564 593100 SOLE NONE 193200 KOHLS CORP Common Stock 500255104 34730 758290 SOLE NONE 292590 L-3 COMMUNICATIONS Common Stock 502424104 629 5940 SOLE NONE 4070 LAB CORP of AMERICA Common Stock 50540R409 24288 321562 SOLE NONE 150730 LILLY ELI Common Stock 532457108 31012 580860 SOLE NONE 187350 LINCOLN NATIONAL Common Stock 534187109 4562 78350 SOLE NONE 49600 MARATHON OIL CORP Common Stock 565849106 34951 574279 SOLE NONE 183449 MARSHALL & ILSLEY C Common Stock 571837103 4710 177886 SOLE NONE 115740 MEADWESTVACO CORP Common Stock 583334107 8986 287100 SOLE NONE 186300 METAVANTE TECHNOLOG Common Stock 591407101 1364 58512 SOLE NONE 38480 METLIFE INC Common Stock 59156R108 31322 508301 SOLE NONE 163181 MF GLOBAL LTD Common Stock G60642108 300 10000 SOLE NONE 0 MICRON TECH INC Common Stock 595112103 3943 543927 SOLE NONE 353350 MICROSOFT CORP Common Stock 594918104 214 6000 SOLE NONE 0 MORGAN STANLEY Common Stock 617446448 28170 530406 SOLE NONE 169970 MOTOROLA Common Stock 620076109 19692 1227674 SOLE NONE 384350 MYLAN INC Common Stock 628530107 7073 503050 SOLE NONE 324450 NBTY INC Common Stock 628782104 7025 256400 SOLE NONE 166850 OFFICE DEPOT INC Common Stock 676220106 3875 278550 SOLE NONE 181000 OKLAHOMA GAS & ELEC Common Stock 670837103 6051 166740 SOLE NONE 108300 ONEBEACON INSURANCE Common Stock G67742109 238 9500 SOLE NONE 0 ORACLE SYSTEMS Common Stock 68389X105 30266 1340390 SOLE NONE 444350 PARKER HANNIFIN Common Stock 701094104 35765 474900 SOLE NONE 180405 PEPSICO Common Stock 713448108 34221 450865 SOLE NONE 149350 PFIZER INC Common Stock 717081103 30321 1333978 SOLE NONE 438390 PITNEY BOWES INC Common Stock 724479100 31956 840070 SOLE NONE 323100 PMI GROUP INC Common Stock 69344M101 6450 485660 SOLE NONE 314500 PNC FINANCIAL Common Stock 693475105 31546 480523 SOLE NONE 155120 POPULAR INC Common Stock 733174106 3656 344950 SOLE NONE 222600 PPG INDUSTRIES Common Stock 693506107 26851 382330 SOLE NONE 164910 PPL CORP Common Stock 69351T106 5094 97800 SOLE NONE 63500 PROCTOR & GAMBLE Common Stock 742718109 1407 19170 SOLE NONE 6620 PROGRESS ENERGY INC Common Stock 743263105 478 9860 SOLE NONE 6755 PUBLIC SERVICE ENTE Common Stock 744573106 1736 17674 SOLE NONE 0 PUGET ENERGY INC Common Stock 745310102 6840 249360 SOLE NONE 161350 RF MICRO DEVICES Common Stock 749941100 7451 1304990 SOLE NONE 843600 ROWAN COMPANIES INC Common Stock 779382100 7924 200800 SOLE NONE 130500 ROYAL CARRIBBEAN Common Stock V7780T103 8429 198600 SOLE NONE 128850 SAFECO CORP Common Stock 786429100 8165 146650 SOLE NONE 95350 SANDISK CORP Common Stock 80004C101 447 13485 SOLE NONE 9150 SEAGATE TECH Common Stock G7945J104 601 23550 SOLE NONE 16100 SOUTHERN CO Common Stock 842587107 34423 888340 SOLE NONE 287450 SOVEREIGN BANCORP Common Stock 845905108 3393 297650 SOLE NONE 193150 ST JUDE MEDICAL INC Common Stock 790849103 32032 788190 SOLE NONE 253320 ST. PAUL TRAVELERS Common Stock 89417E109 541 10050 SOLE NONE 6890 STAPLES INC Common Stock 855030102 542 23505 SOLE NONE 16100 STRYKER CORP Common Stock 863667101 410 5490 SOLE NONE 3770 SUPERVALU INC Common Stock 868536103 7326 195250 SOLE NONE 126550 TIDEWATER INC Common Stock 886423102 7615 138800 SOLE NONE 89950 TRANSAMERICA Common Stock 893485102 447 6000 SOLE NONE 61149 TRANSOCEAN Common Stock G90073100 27356 191103 SOLE NONE 71650 UNIONBANCAL CORP Common Stock 908906100 5385 110100 SOLE NONE 0 UNITED PARCEL SERVI Common Stock 911312106 212 3000 SOLE NONE 5740 UNITED TECHNOLOGIES Common Stock 913017109 641 8375 SOLE NONE 180750 UNITEDHEALTH GROUP Common Stock 91324P102 32620 560481 SOLE NONE 5420 VALERO ENERGY CORP Common Stock 91913Y100 553 7900 SOLE NONE 0 VENOCO INC Common Stock 92275P307 1510 20000 SOLE NONE 260750 VERIZON COMMUNICATI Common Stock 92343V104 35279 807490 SOLE NONE 57720 VF CORP Common Stock 918204108 12669 184520 SOLE NONE 8380 WACHOVIA CORP Common Stock 929903102 465 12240 SOLE NONE 12430 WALGREEN CO Common Stock 931422109 686 18025 SOLE NONE 316650 WASHINGTON MUTUAL Common Stock 939322103 13210 970600 SOLE NONE 5760 WELLPOINT HEALTH NE Common Stock 94973V107 736 8395 SOLE NONE 12740 WELLS FARGO Common Stock 949746101 561 18590 SOLE NONE 46250 WW GRAINGER Common Stock 384802104 6266 71600 SOLE NONE 216929 WYETH Common Stock 983024100 29434 666069 SOLE NONE 234100 XCEL ENERGY Common Stock 98389B100 8147 360950 SOLE NONE 8655 XTO ENERGY INC Common Stock 98385X106 712 13861 SOLE NONE 61700 ZIONS BANCORP Common Stock 989701107 4429 94850 SOLE NONE 0 1794867