13F-HR 1 f.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: September 30, 2002 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: Janus Capital Management LLC Address: 100 Fillmore Street, Suite 300 Denver, CO 80206 Form 13F File Number: 28-1343 This 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: Heidi J. Walter Title: Vice President and Assistant General Counsel Phone: 303.333.3863 Signature, Place, and Date of Signing: /s/ Heidi J. Walter ---------------------------------------------------------------------- Heidi J. Walter, Vice President and Assistant General Counsel Place: Denver, Colorado Date: November 14, 2002 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F Summary Page Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 462 Form 13F Information Table Value Total: $69,051,121(thousands) List of Other Included Managers: NONE
FORM 13(F) INFORMATION TABLE NAME OF ISSUER TITLE OF CUSIP VALUE SHARES OR SH/ PUT/INVESTMENT VOTING AUTHORITY CLASS (X$1,000) PRN AMOUNT PRN CALLDISCREATION (a) SOLE (b) SHARE(c) NONE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 3M CO COM 88579Y101 562,480 5,114,845 SH SOLE 5,114,845 0 0 A C MOORE ARTS & CRAFTS INC COM 00086T103 7,239 342,590 SH SOLE 342,590 0 0 ABBOTT LABS COM 002824100 248,946 6,162,030 SH SOLE 6,162,030 0 0 ACCENTURE LTD BERMUDA CL A G1150G111 64,843 4,540,830 SH SOLE 4,540,830 0 0 ACCREDO HEALTH INC COM 00437V104 23,270 488,050 SH SOLE 488,050 0 0 ACME COMMUNICATION INC COM 004631107 4,459 571,655 SH SOLE 571,655 0 0 AEROPOSTALE COM 007865108 3,841 249,405 SH SOLE 249,405 0 0 AFLAC INC COM 001055102 891,928 29,062,505 SH SOLE 29,062,505 0 0 ALCON INC COM H01301102 318,966 8,231,390 SH SOLE 8,231,390 0 0 ALLERGAN INC COM 018490102 22,918 421,295 SH SOLE 421,295 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 11,237 162,268 SH SOLE 162,268 0 0 ALLIED WASTE INDS INC COM 019589308 37,983 5,167,715 SH SOLE 5,167,715 0 0 ALLSTATE CORP COM 020002101 477,017 13,418,213 SH SOLE 13,418,213 0 0 AMAZON COM INC COM 023135106 386,132 24,239,320 SH SOLE 24,239,320 0 0 AMAZON.COM NOTE 4.750% 2/9 023135AF3 33,638 51,851,000 SH SOLE 51,851,000 0 0 AMERICAN EXPRESS CO COM 025816109 27,732 889,425 SH SOLE 889,425 0 0 AMERICAN INTL GROUP INC COM 026874107 731,442 13,371,892 SH SOLE 13,371,892 0 0 AMERISOURCEBERGEN CORP COM 03073E105 197,406 2,764,015 SH SOLE 2,764,015 0 0 AMETEK INC NEW COM 031100100 23,300 800,140 SH SOLE 800,140 0 0 AMGEN INC COM 031162100 172,863 4,145,399 SH SOLE 4,145,399 0 0 AMN HEALTHCARE SERVICES INC COM 001744101 19,839 1,072,405 SH SOLE 1,072,405 0 0 ANADARKO PETE CORP COM 032511107 426,073 9,566,075 SH SOLE 9,566,075 0 0 ANALOG DEVICES INC COM 032654105 29,748 1,510,060 SH SOLE 1,510,060 0 0 ANDRX GROUP COM 034553107 21,356 964,138 SH SOLE 964,138 0 0 ANHEUSER BUSCH COS INC COM 035229103 368,099 7,274,689 SH SOLE 7,274,689 0 0 ANTHEM INC COM 03674B104 311,858 4,797,815 SH SOLE 4,797,815 0 0 AOL TIME WARNER INC COM 00184A105 1,987,469 169,869,137SH SOLE 169,869,137 0 0 APACHE CORP COM 037411105 118,333 1,990,470 SH SOLE 1,990,470 0 0 APOGENT TECHNOLOGIES INC COM 03760A101 185,904 9,962,680 SH SOLE 9,962,680 0 0 APOLLO GROUP INC CL A 037604105 284,941 6,560,929 SH SOLE 6,560,929 0 0 APOLLO GROUP INC COM UNV PHOENX 037604204 31,846 990,552 SH SOLE 990,552 0 0 APPLE COMPUTER INC COM 037833100 328,171 22,632,509 SH SOLE 22,632,509 0 0 APPLERA CORP COM AP BIO GRP 038020103 32,431 1,772,170 SH SOLE 1,772,170 0 0 APPLIED FILMS CORP COM 038197109 1,143 104,490 SH SOLE 104,490 0 0 APPLIED MATLS INC COM 038222105 83,231 7,206,104 SH SOLE 7,206,104 0 0 APRIA HEALTHCARE GROUP INC COM 037933108 122,142 5,184,280 SH SOLE 5,184,280 0 0 ARAMARK CORP CL B 038521100 122,902 5,852,495 SH SOLE 5,852,495 0 0 ARBITRON INC COM 03875Q108 39,705 1,164,361 SH SOLE 1,164,361 0 0 ARCH CAP GROUP LTD ORD G0450A105 13,860 496,775 SH SOLE 496,775 0 0 ARM HLDGS PLC SPONSORED ADR 042068106 351 59,570 SH SOLE 59,570 0 0 ASML HLDG NV N Y SHS N07059111 36,022 5,819,421 SH SOLE 5,819,421 0 0 AT&T CORP COM 001957109 50,487 4,203,745 SH SOLE 4,203,745 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 388,316 11,168,135 SH SOLE 11,168,135 0 0 AUTONATION INC COM 05329W102 5,184 450,000 SH SOLE 450,000 0 0 AVON PRODS INC COM 054303102 83,846 1,818,790 SH SOLE 1,818,790 0 0 BAKER HUGHES INC COM 057224107 7,598 261,730 SH SOLE 261,730 0 0 BALL CORP COM 058498106 152,316 3,022,745 SH SOLE 3,022,745 0 0 BALLY TOTAL FITNESS HLDG COR COM 05873K108 22,715 2,292,090 SH SOLE 2,292,090 0 0 BANK NEW YORK INC COM 064057102 779,687 27,128,994 SH SOLE 27,128,994 0 0 BANK OF AMERICA CORPORATION COM 060505104 747,920 11,722,885 SH SOLE 11,722,885 0 0 BARD C R INC COM 067383109 28,883 528,705 SH SOLE 528,705 0 0 BARNES & NOBLE INC COM 067774109 42,917 2,028,210 SH SOLE 2,028,210 0 0 BARRA INC COM 068313105 11,153 408,249 SH SOLE 408,249 0 0 BAXTER INTL INC COM 071813109 46,798 1,531,850 SH SOLE 1,531,850 0 0 BEBE STORES INC COM 075571109 3,005 254,425 SH SOLE 254,425 0 0 BED BATH & BEYOND INC COM 075896100 40,106 1,231,380 SH SOLE 1,231,380 0 0 BEMIS INC COM 081437105 155,734 3,152,500 SH SOLE 3,152,500 0 0 BERKLEY W R CORP COM 084423102 129,708 3,814,952 SH SOLE 3,814,952 0 0 BERKSHIRE HATHAWAY A CS 84670108 63,997 866 SH SOLE 866 0 0 BERKSHIRE HATHAWAY INC DEL CL B 084670207 1,185,842 481,072 SH SOLE 481,072 0 0 BEST BUY INC COM 086516101 69,589 3,119,206 SH SOLE 3,119,206 0 0 BIOMET INC COM 090613100 53,421 2,006,057 SH SOLE 2,006,057 0 0 BIOSITE INC COM 090945106 29,259 1,009,280 SH SOLE 1,009,280 0 0 BIOVAIL CORP COM 09067J109 50,565 2,047,985 SH SOLE 2,047,985 0 0 BISYS GROUP INC COM 055472104 13,917 832,850 SH SOLE 832,850 0 0 BJ SVCS CO COM 055482103 108,654 4,179,005 SH SOLE 4,179,005 0 0 BLOCKBUSTER INC CL A 093679108 38,044 1,534,015 SH SOLE 1,534,015 0 0 BOSTON SCIENTIFIC CORP COM 101137107 46,903 1,486,160 SH SOLE 1,486,160 0 0 BP PLC SPONSORED ADR 055622104 20,995 526,195 SH SOLE 526,195 0 0 BRADY CORP CL A 104674106 300 9,305 SH SOLE 9,305 0 0 BROADCOM CORP CL A 111320107 7,059 660,930 SH SOLE 660,930 0 0 BROCADE COMMUNICATIONS SYS I COM 111621108 7,330 973,425 SH SOLE 973,425 0 0 BROWN & BROWN INC COM 115236101 19,279 642,630 SH SOLE 642,630 0 0 BURLINGTON RES INC COM 122014103 91,681 2,390,005 SH SOLE 2,390,005 0 0 C H ROBINSON WORLDWIDE INC COM 12541W100 29,725 1,100,095 SH SOLE 1,100,095 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 161,466 17,821,864 SH SOLE 17,821,864 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 161,868 15,916,175 SH SOLE 15,916,175 0 0 CANADIAN NATL RY CO COM 136375102 247,000 6,614,884 SH SOLE 6,614,884 0 0 CANTEL MEDICAL CORP COM 138098108 2,999 296,955 SH SOLE 296,955 0 0 CARDINAL HEALTH INC COM 14149Y108 275,784 4,433,832 SH SOLE 4,433,832 0 0 CAREER EDUCATION CORP COM 141665109 3,981 82,925 SH SOLE 82,925 0 0 CELESTICA INC SUB VTG SHS 15101Q108 24,485 1,869,060 SH SOLE 1,869,060 0 0 CEMEX S A SPON ADR 5 ORD 151290889 85,920 4,120,845 SH SOLE 4,120,845 0 0 CENDANT CORP COM 151313103 372,171 34,588,425 SH SOLE 34,588,425 0 0 CENTENE CORP DEL COM 15135B101 17,817 667,565 SH SOLE 667,565 0 0 CEPHALON INC COM 156708109 26,067 638,585 SH SOLE 638,585 0 0 CERIDIAN CORP NEW COM 156779100 245,739 17,244,860 SH SOLE 17,244,860 0 0 CERNER CORP COM 156782104 33,513 951,805 SH SOLE 951,805 0 0 CERTEGY INC COM 156880106 18,274 909,140 SH SOLE 909,140 0 0 CHECK POINT SOFTWARE TECH LT ORD M22465104 56,367 4,102,415 SH SOLE 4,102,415 0 0 CHECKFREE CORP NEW COM 162813109 2,266 199,155 SH SOLE 199,155 0 0 CHINA MOBILE HONG KONG LTD SPONSORED ADR 16941M109 20,843 1,844,475 SH SOLE 1,844,475 0 0 CHIPPAC INC CLASS A 169657103 2,347 1,097,420 SH SOLE 1,097,420 0 0 CHIRON CORP COM 170040109 24,359 697,180 SH SOLE 697,180 0 0 CIGNA CORP COM 125509109 177,436 2,507,930 SH SOLE 2,507,930 0 0 CISCO SYS INC COM 17275R102 401,032 38,266,401 SH SOLE 38,266,401 0 0 CIT GROUP INC COM 125581108 256,269 14,252,985 SH SOLE 14,252,985 0 0 CITIGROUP INC COM 172967101 938,783 31,662,144 SH SOLE 31,662,144 0 0 CLAYTON HOMES INC COM 184190106 96,982 8,832,640 SH SOLE 8,832,640 0 0 CLEAR CHANNEL COMM NOTE 2.625% 4/3184502AB8 96 98,000 SH SOLE 98,000 0 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 758,943 21,840,079 SH SOLE 21,840,079 0 0 CNF INC COM 12612W104 42,180 1,343,750 SH SOLE 1,343,750 0 0 COCA COLA CO COM 191216100 658,815 13,736,770 SH SOLE 13,736,770 0 0 COLGATE PALMOLIVE CO COM 194162103 1,132,733 20,995,985 SH SOLE 20,995,985 0 0 COMCAST CORP CLASS A 200300101 5,541 259,755 SH SOLE 259,755 0 0 COMCAST CORP CL A SPL 200300200 1,258,619 60,336,489 SH SOLE 60,336,489 0 0 COMMERCE BANCORP INC NJ COM 200519106 22,672 546,180 SH SOLE 546,180 0 0 COMMSCOPE INC COM 203372107 3,203 472,365 SH SOLE 472,365 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 38,062 1,429,295 SH SOLE 1,429,295 0 0 COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 90,069 3,959,055 SH SOLE 3,959,055 0 0 COMPUTER ASSOC INTL INC COM 204912109 34,632 3,607,485 SH SOLE 3,607,485 0 0 CONAGRA FOODS INC COM 205887102 32,492 1,307,525 SH SOLE 1,307,525 0 0 CONCORD EFS INC COM 206197105 112,379 7,076,735 SH SOLE 7,076,735 0 0 CONOCOPHILLIPS COM 20825C104 81,564 1,763,929 SH SOLE 1,763,929 0 0 COOPER INDS LTD CLASS A G24182100 5,160 170,000 SH SOLE 170,000 0 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 16,325 571,810 SH SOLE 571,810 0 0 COSTCO WHSL CORP NEW COM 22160K105 363,715 11,236,175 SH SOLE 11,236,175 0 0 COX COMMUNICATIONS INC NEW CLASS A 224044107 197,116 8,016,087 SH SOLE 8,016,087 0 0 COX RADIO INC CLASS A 224051102 42,373 1,619,770 SH SOLE 1,619,770 0 0 CREE INC COM 225447101 18,725 1,497,965 SH SOLE 1,497,965 0 0 CROSS CTRY INC COM 22748P105 19,858 1,406,360 SH SOLE 1,406,360 0 0 CSG SYS INTL INC COM 126349109 890 81,670 SH SOLE 81,670 0 0 CSX CORP COM 126408103 15,490 587,175 SH SOLE 587,175 0 0 CUMULUS MEDIA INC CLASS A 231082108 18,929 1,072,455 SH SOLE 1,072,455 0 0 CVS CORP COM 126650100 26,816 1,057,845 SH SOLE 1,057,845 0 0 CYMER INC COM 232572107 4,285 229,900 SH SOLE 229,900 0 0 CYTEC INDS INC COM 232820100 965 43,960 SH SOLE 43,960 0 0 DEAN FOODS CO NEW COM 242370104 72,200 1,814,975 SH SOLE 1,814,975 0 0 DELL COMPUTER CORP COM 247025109 34,592 1,471,370 SH SOLE 1,471,370 0 0 DELPHI CORP COM 247126105 826 96,625 SH SOLE 96,625 0 0 DENTSPLY INTL INC NEW COM 249030107 13,121 326,645 SH SOLE 326,645 0 0 DEVON ENERGY CORP NEW DBCV 25179MAD5 8,657 16,850,000 PR SOLE 16,850,000 0 0 DIEBOLD INC COM 253651103 11,155 338,865 SH SOLE 338,865 0 0 DIONEX CORP COM 254546104 37,925 1,483,775 SH SOLE 1,483,775 0 0 DISNEY WALT CO COM DISNEY 254687106 143,658 9,488,660 SH SOLE 9,488,660 0 0 DOLLAR TREE STORES INC COM 256747106 74,689 3,388,795 SH SOLE 3,388,795 0 0 DOW CHEM CO COM 260543103 434 15,905 SH SOLE 15,905 0 0 DU PONT E I DE NEMOURS & CO COM 263534109 153,089 4,244,210 SH SOLE 4,244,210 0 0 E M C CORP MASS COM 268648102 7,129 1,559,880 SH SOLE 1,559,880 0 0 E TRADE GROUP INC COM 269246104 62,433 14,029,986 SH SOLE 14,029,986 0 0 EARTHLINK INC COM 270321102 3,893 729,025 SH SOLE 729,025 0 0 EBAY INC COM 278642103 849,587 16,087,615 SH SOLE 16,087,615 0 0 ECHOSTAR COMMUNICATIONS NEW CLASS A 278762109 209,114 12,087,525 SH SOLE 12,087,525 0 0 ECOLAB INC COM 278865100 65,996 1,581,500 SH SOLE 1,581,500 0 0 EL PASO CORP COM 28336L109 10,434 1,261,672 SH SOLE 1,261,672 0 0 ELECTRONIC ARTS INC COM 285512109 599,845 9,094,065 SH SOLE 9,094,065 0 0 ELECTRONICS BOUTIQUE HLDGS C COM 286045109 20,357 741,585 SH SOLE 741,585 0 0 EMULEX CORP COM NEW 292475209 2,885 256,210 SH SOLE 256,210 0 0 ENCANA CORP COM 292505104 154,904 5,146,312 SH SOLE 5,146,312 0 0 ENTERCOM COMMUNICATIONS CORP CLASS A 293639100 42,942 906,515 SH SOLE 906,515 0 0 ENZON INC COM 293904108 53,837 2,798,190 SH SOLE 2,798,190 0 0 EOG RES INC COM 26875P101 70,490 1,960,230 SH SOLE 1,960,230 0 0 EON LABS INC COM 29412E100 6,997 324,230 SH SOLE 324,230 0 0 ETHAN ALLEN INTERIORS INC COM 297602104 6,399 197,750 SH SOLE 197,750 0 0 EURONET WORLDWIDE INC COM 298736109 7,570 1,504,970 SH SOLE 1,504,970 0 0 EVEREST RE GROUP LTD COM G3223R108 152,756 2,784,465 SH SOLE 2,784,465 0 0 EXPEDITORS INTL WASH INC COM 302130109 102,269 3,660,295 SH SOLE 3,660,295 0 0 EXULT INC DEL COM 302284104 5,511 1,867,995 SH SOLE 1,867,995 0 0 EXXON MOBIL CORP COM 30231G102 1,295,906 40,624,010 SH SOLE 40,624,010 0 0 FAIRMONT HOTELS RESORTS INC COM 305204109 87,160 3,662,166 SH SOLE 3,662,166 0 0 FASTENAL CO COM 311900104 8,189 259,310 SH SOLE 259,310 0 0 FEDERAL AGRIC MTG CORP CL C 313148306 620 21,000 SH SOLE 21,000 0 0 FEDERAL HOME LN MTG CORP COM 313400301 2,057 36,805 SH SOLE 36,805 0 0 FEDERAL NATL MTG ASSN COM 313586109 1,037,100 17,418,547 SH SOLE 17,418,547 0 0 FEDEX CORP COM 31428X106 53,338 1,065,265 SH SOLE 1,065,265 0 0 FIFTH THIRD BANCORP COM 316773100 172,005 2,809,159 SH SOLE 2,809,159 0 0 FIRST DATA CORP COM 319963104 80,155 2,867,800 SH SOLE 2,867,800 0 0 FIRST HEALTH GROUP CORP COM 320960107 141,579 5,220,480 SH SOLE 5,220,480 0 0 FISERV INC COM 337738108 295,158 10,511,313 SH SOLE 10,511,313 0 0 FLEXTRONICS INTL LTD ORD Y2573F102 22,832 3,274,759 SH SOLE 3,274,759 0 0 FLOWSERVE CORP COM 34354P105 17,743 1,774,275 SH SOLE 1,774,275 0 0 FLUOR CORP NEW COM 343412102 91,576 3,746,980 SH SOLE 3,746,980 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 133,079 3,303,040 SH SOLE 3,303,040 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 40,775 4,160,705 SH SOLE 4,160,705 0 0 FOREST LABS INC COM 345838106 502,886 6,132,005 SH SOLE 6,132,005 0 0 FORWARD AIR CORP COM 349853101 976 53,900 SH SOLE 53,900 0 0 FOUR SEASONS HOTEL INC LTD VTG SH 35100E104 19,847 619,440 SH SOLE 619,440 0 0 FREDS INC CLASS A 356108100 27,107 907,880 SH SOLE 907,880 0 0 FTI CONSULTING INC COM 302941109 10,659 268,090 SH SOLE 268,090 0 0 GALLAGHER ARTHUR J & CO COM 363576109 71,563 2,903,145 SH SOLE 2,903,145 0 0 GANNETT INC COM 364730101 180,563 2,501,565 SH SOLE 2,501,565 0 0 GART SPORTS CO COM 366630101 10,524 557,710 SH SOLE 557,710 0 0 GENENTECH INC COM NEW 368710406 544,110 16,675,148 SH SOLE 16,675,148 0 0 GENERAL DYNAMICS CORP COM 369550108 984,798 12,108,670 SH SOLE 12,108,670 0 0 GENERAL ELEC CO COM 369604103 180,503 7,322,657 SH SOLE 7,322,657 0 0 GENERAL MTRS CORP COM 370442105 36,959 950,110 SH SOLE 950,110 0 0 GENZYME CORP COM GENL DIV 372917104 63,894 3,100,140 SH SOLE 3,100,140 0 0 GETTY IMAGES INC COM 374276103 29,308 1,461,005 SH SOLE 1,461,005 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,377 35,835 SH SOLE 35,835 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 763,538 11,563,504 SH SOLE 11,563,504 0 0 GRAINGER W W INC COM 384802104 102,188 2,401,600 SH SOLE 2,401,600 0 0 GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 310,747 12,190,951 SH SOLE 12,190,951 0 0 GRUPO TMM S A DE CV SP ADR A SHS 40051D105 3,389 554,640 SH SOLE 554,640 0 0 GSI COMMERCE INC COM 36238G102 3,130 619,715 SH SOLE 619,715 0 0 GUIDANT CORP COM 401698105 142,690 4,416,265 SH SOLE 4,416,265 0 0 GUITAR CTR MGMT INC COM 402040109 13,675 728,160 SH SOLE 728,160 0 0 GYMBOREE CORP COM 403777105 8,852 542,725 SH SOLE 542,725 0 0 HANCOCK JOHN FINL SVCS INC COM 41014S106 52,602 1,892,175 SH SOLE 1,892,175 0 0 HARLEY DAVIDSON INC COM 412822108 348,975 7,512,915 SH SOLE 7,512,915 0 0 HARRIS CORP DEL COM 413875105 11,896 355,210 SH SOLE 355,210 0 0 HCA INC COM 404119109 68,301 1,434,600 SH SOLE 1,434,600 0 0 HCC INS HLDGS INC COM 404132102 8,334 347,105 SH SOLE 347,105 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 140,895 6,968,105 SH SOLE 6,968,105 0 0 HEINZ H J CO COM 423074103 155,823 4,669,545 SH SOLE 4,669,545 0 0 HEWITT ASSOCS INC COM 42822Q100 8,608 291,400 SH SOLE 291,400 0 0 HILLENBRAND INDS INC COM 431573104 126,100 2,322,280 SH SOLE 2,322,280 0 0 HISPANIC BROADCASTING CORP CL A 43357B104 106,341 5,701,920 SH SOLE 5,701,920 0 0 HOLLYWOOD ENTMT CORP COM 436141105 9,416 648,455 SH SOLE 648,455 0 0 HOME DEPOT INC COM 437076102 868,850 33,289,261 SH SOLE 33,289,261 0 0 HONEYWELL INTL INC COM 438516106 277,141 12,795,080 SH SOLE 12,795,080 0 0 HOT TOPIC INC COM 441339108 8,581 475,940 SH SOLE 475,940 0 0 HOTELS COM COM 44147T108 14,481 286,305 SH SOLE 286,305 0 0 HOUSEHOLD INTL INC COM 441815107 126,439 4,466,240 SH SOLE 4,466,240 0 0 IDEC PHARMACEUTICALS CORP COM 449370105 15,583 375,305 SH SOLE 375,305 0 0 ILLINOIS TOOL WKS INC COM 452308109 100,330 1,720,040 SH SOLE 1,720,040 0 0 IMS HEALTH INC COM 449934108 19,744 1,318,905 SH SOLE 1,318,905 0 0 INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 3,112 57,415 SH SOLE 57,415 0 0 INGRAM MICRO INC CL A 457153104 9,594 721,360 SH SOLE 721,360 0 0 INSIGHT ENTERPRISES INC COM 45765U103 8,960 882,730 SH SOLE 882,730 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 83,890 8,035,395 SH SOLE 8,035,395 0 0 INTERCEPT INC COM 45845L107 7,154 723,355 SH SOLE 723,355 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 19,564 335,510 SH SOLE 335,510 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 21,838 685,640 SH SOLE 685,640 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 177,441 2,566,400 SH SOLE 2,566,400 0 0 INTERPUBLIC GROUP COS INC COM 460690100 103,761 6,546,435 SH SOLE 6,546,435 0 0 INT'L RECTIFIER CORP NOTE 4.250% 7/7 460254AE5 7,825 10,000,000 SH SOLE 10,000,000 0 0 INTUIT COM 461202103 135,326 2,972,245 SH SOLE 2,972,245 0 0 IPC HLDGS LTD ORD G4933P101 22,827 777,230 SH SOLE 777,230 0 0 ITRON INC COM 465741106 865 47,060 SH SOLE 47,060 0 0 ITT INDS INC IND COM 450911102 77,913 1,250,000 SH SOLE 1,250,000 0 0 J P MORGAN CHASE & CO COM 46625H100 76,450 4,025,815 SH SOLE 4,025,815 0 0 JARDEN CORP COM 471109108 5,740 211,420 SH SOLE 211,420 0 0 JOHNSON & JOHNSON COM 478160104 239,276 4,424,476 SH SOLE 4,424,476 0 0 JONES APPAREL GROUP INC COM 480074103 1,250 40,715 SH SOLE 40,715 0 0 JOURNAL REGISTER CO COM 481138105 365 19,345 SH SOLE 19,345 0 0 KEANE INC COM 486665102 4,156 615,645 SH SOLE 615,645 0 0 KENNAMETAL INC COM 489170100 63,212 1,967,980 SH SOLE 1,967,980 0 0 KEY ENERGY SVCS INC COM 492914106 4,207 533,905 SH SOLE 533,905 0 0 KINDER MORGAN INC KANS COM 49455P101 131,888 3,720,388 SH SOLE 3,720,388 0 0 KINDER MORGAN MANAGEMENT LLC SHS 49455U100 96,112 3,230,640 SH SOLE 3,230,640 0 0 KING PHARMACEUTICALS INC COM 495582108 62,713 3,451,436 SH SOLE 3,451,436 0 0 KLA-TENCOR CORP COM 482480100 103,222 3,694,430 SH SOLE 3,694,430 0 0 KOHLS CORP COM 500255104 38,892 639,570 SH SOLE 639,570 0 0 KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 13,589 935,241 SH SOLE 935,241 0 0 KOOKMIN BK NEW SPONSORED ADR 50049M109 25,375 716,196 SH SOLE 716,196 0 0 KROGER CO COM 501044101 66,390 4,708,485 SH SOLE 4,708,485 0 0 KROLL INC COM 501049100 11,389 574,325 SH SOLE 574,325 0 0 LABOR READY INC COM NEW 505401208 3,092 489,190 SH SOLE 489,190 0 0 LABORATORY CORP AMER HLDGS COM NEW 50540R409 378,791 11,213,465 SH SOLE 11,213,465 0 0 LAMAR ADVERTISING CO CL A 512815101 267,051 8,799,060 SH SOLE 8,799,060 0 0 LAMAR ADVERTISING CO NOTE 5.250% 9/1512815AF8 6,887 7,100,000 PR SOLE 7,100,000 0 0 LANCASTER COLONY CORP COM 513847103 5,238 124,367 SH SOLE 124,367 0 0 LAUDER ESTEE COS INC CL A 518439104 244,312 8,500,765 SH SOLE 8,500,765 0 0 LEAR CORP COM 521865105 139,344 3,345,590 SH SOLE 3,345,590 0 0 LEHMAN BROS HLDGS INC COM 524908100 79,061 1,611,835 SH SOLE 1,611,835 0 0 LEXMARK INTL NEW CL A 529771107 81,269 1,729,135 SH SOLE 1,729,135 0 0 LIBERTY MEDIA CORP NEW COM SER A 530718105 1,027,999 143,175,386SH SOLE 143,175,386 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 17,768 569,695 SH SOLE 569,695 0 0 LILLY ELI & CO COM 532457108 49,618 896,595 SH SOLE 896,595 0 0 LIN TV CORP CL A 532774106 12,963 523,745 SH SOLE 523,745 0 0 LINEAR TECHNOLOGY CORP COM 535678106 692,973 33,444,653 SH SOLE 33,444,653 0 0 LINENS N THINGS INC COM 535679104 4,124 224,485 SH SOLE 224,485 0 0 LIZ CLAIBORNE INC COM 539320101 36,181 1,450,155 SH SOLE 1,450,155 0 0 LNR PPTY CORP COM 501940100 14,680 440,175 SH SOLE 440,175 0 0 LOCKHEED MARTIN CORP COM 539830109 271,927 4,204,845 SH SOLE 4,204,845 0 0 M & T BK CORP COM 55261F104 135,614 1,720,775 SH SOLE 1,720,775 0 0 MAGNUM HUNTER RES INC *W EXP 03/21/20055972F138 156 432,955 SH SOLE 432,955 0 0 MAGNUM HUNTER RES INC COM PAR $0.002 55972F203 12,678 2,414,775 SH SOLE 2,414,775 0 0 MANDALAY RESORT GROUP COM 562567107 77,139 2,299,230 SH SOLE 2,299,230 0 0 MANPOWER INC COM 56418H100 29,948 1,020,725 SH SOLE 1,020,725 0 0 MARRIOTT INTL INC NEW CL A 571903202 77,931 2,688,220 SH SOLE 2,688,220 0 0 MARSH & MCLENNAN COS INC COM 571748102 765,619 18,386,630 SH SOLE 18,386,630 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 12,702 801,365 SH SOLE 801,365 0 0 MATTEL INC COM 577081102 231,419 12,849,470 SH SOLE 12,849,470 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 861,232 34,783,216 SH SOLE 34,783,216 0 0 MCGRAW HILL COS INC COM 580645109 208,493 3,405,640 SH SOLE 3,405,640 0 0 MCKESSON CORP COM 58155Q103 434,437 15,334,865 SH SOLE 15,334,865 0 0 MEDCATH CORP COM 58404W109 7,477 661,651 SH SOLE 661,651 0 0 MEDICAL STAFFING NETWK HLDGS COM 58463F104 7,879 519,365 SH SOLE 519,365 0 0 MEDSOURCE TECHNOLOGIES INC COM 58505Y103 6,002 798,120 SH SOLE 798,120 0 0 MEDTRONIC INC COM 585055106 1,076,438 25,556,449 SH SOLE 25,556,449 0 0 MERCURY INTERACTIVE CORP COM 589405109 647 37,705 SH SOLE 37,705 0 0 MERRILL LYNCH & CO INC COM 590188108 6,189 187,835 SH SOLE 187,835 0 0 METRO GOLDWYN MAYER INC COM 591610100 26,690 2,233,465 SH SOLE 2,233,465 0 0 METTLER TOLEDO INTERNATIONAL COM 592688105 54,690 2,103,450 SH SOLE 2,103,450 0 0 MGIC INVT CORP WIS COM 552848103 488,669 11,968,370 SH SOLE 11,968,370 0 0 MGM MIRAGE COM 552953101 132,295 3,546,795 SH SOLE 3,546,795 0 0 MICROSOFT CORP COM 594918104 1,673,815 38,267,384 SH SOLE 38,267,384 0 0 MICROTUNE INC DEL COM 59514P109 9,828 4,078,170 SH SOLE 4,078,170 0 0 MID ATLANTIC MED SVCS INC COM 59523C107 6,427 177,530 SH SOLE 177,530 0 0 MILLIPORE CORP COM 601073109 97,493 3,066,790 SH SOLE 3,066,790 0 0 MIM CORP COM 553044108 13,154 1,391,980 SH SOLE 1,391,980 0 0 MOHAWK INDS INC COM 608190104 77,647 1,563,880 SH SOLE 1,563,880 0 0 MONSANTO CO NEW COM 61166W101 36,320 2,375,422 SH SOLE 2,375,422 0 0 MOODYS CORP COM 615369105 140,402 2,894,890 SH SOLE 2,894,890 0 0 MORGAN STANLEY COM NEW 617446448 35,177 1,038,292 SH SOLE 1,038,292 0 0 MOVIE GALLERY INC COM 624581104 13,104 873,000 SH SOLE 873,000 0 0 MURPHY OIL CORP COM 626717102 128,328 1,563,645 SH SOLE 1,563,645 0 0 MYKROLIS CORP COM 62852P103 12,477 2,028,814 SH SOLE 2,028,814 0 0 NABORS INDUSTRIES LTD SHS G6359F103 3,165 96,655 SH SOLE 96,655 0 0 NASDAQ 100 TR UNIT SER 1 631100104 19,326 932,705 SH SOLE 932,705 0 0 NATIONAL COMMERCE FINL CORP COM 63545P104 43,279 1,727,685 SH SOLE 1,727,685 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 48,617 4,071,770 SH SOLE 4,071,770 0 0 NEW YORK TIMES CO CL A 650111107 136,388 3,000,840 SH SOLE 3,000,840 0 0 NEWS CORP LTD ADR NEW 652487703 2,687 139,590 SH SOLE 139,590 0 0 NIKE INC CL B 654106103 346,178 8,017,100 SH SOLE 8,017,100 0 0 NOBLE CORPORATION SHS G65422100 2,289 73,845 SH SOLE 73,845 0 0 NOKIA CORP SPONSORED ADR 654902204 519,996 39,244,944 SH SOLE 39,244,944 0 0 NORTH FORK BANCORPORATION NY COM 659424105 34,602 914,440 SH SOLE 914,440 0 0 NORTHERN TR CORP COM 665859104 372,843 9,884,495 SH SOLE 9,884,495 0 0 NORTHROP GRUMMAN CORP COM 666807102 54,238 437,265 SH SOLE 437,265 0 0 NOVARTIS A G SPONSORED ADR 66987V109 82,538 2,077,480 SH SOLE 2,077,480 0 0 NOVELLUS SYS INC COM 670008101 28,201 1,355,180 SH SOLE 1,355,180 0 0 NVIDIA CORP COM 67066G104 33,854 3,954,920 SH SOLE 3,954,920 0 0 NVIDIA CORP NOTE 4.750%10/167066GAA2 6,424 8,725,000 PR SOLE 8,725,000 0 0 NVR INC COM 62944T105 106,407 354,890 SH SOLE 354,890 0 0 OCEAN ENERGY INC DEL COM 67481E106 47,839 2,397,950 SH SOLE 2,397,950 0 0 ORACLE CORP COM 68389X105 22,862 2,908,670 SH SOLE 2,908,670 0 0 ORBOTECH LTD ORD M75253100 3,738 256,205 SH SOLE 256,205 0 0 ORIENT-EXPRESS HOTELS LTD CL A G67743107 2,728 199,550 SH SOLE 199,550 0 0 OSI PHARMACEUTICALS INC COM 671040103 226 13,295 SH SOLE 13,295 0 0 OVERTURE SVCS INC COM 69039R100 4,890 207,480 SH SOLE 207,480 0 0 OXFORD HEALTH PLANS INC COM 691471106 125,822 3,231,170 SH SOLE 3,231,170 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 1,906 65,640 SH SOLE 65,640 0 0 PACER INTL INC TENN COM 69373H106 12,853 1,132,450 SH SOLE 1,132,450 0 0 PACKAGING CORP AMER COM 695156109 71,541 4,085,715 SH SOLE 4,085,715 0 0 PACTIV CORP COM 695257105 41,164 2,502,400 SH SOLE 2,502,400 0 0 PANERA BREAD CO CL A 69840W108 945 35,000 SH SOLE 35,000 0 0 PARK PL ENTMT CORP COM 700690100 26,921 3,386,300 SH SOLE 3,386,300 0 0 PARTNERRE LTD COM G6852T105 120,539 2,501,850 SH SOLE 2,501,850 0 0 PATTERSON UTI ENERGY INC COM 703481101 25,105 984,125 SH SOLE 984,125 0 0 PAYCHEX INC COM 704326107 293,005 12,072,707 SH SOLE 12,072,707 0 0 PEOPLESOFT INC COM 712713106 2,824 228,320 SH SOLE 228,320 0 0 PEPSICO INC COM 713448108 136,971 3,706,931 SH SOLE 3,706,931 0 0 PERFORMANCE FOOD GROUP CO COM 713755106 21,623 636,725 SH SOLE 636,725 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V101 227,743 23,847,405 SH SOLE 23,847,405 0 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 65,925 6,143,950 SH SOLE 6,143,950 0 0 PFIZER INC COM 717081103 787,752 27,145,151 SH SOLE 27,145,151 0 0 PHARMACEUTICAL RES INC COM 717125108 65,783 2,351,055 SH SOLE 2,351,055 0 0 PHARMACIA CORP COM 71713U102 25,810 663,830 SH SOLE 663,830 0 0 PHILIP MORRIS COS INC COM 718154107 409,878 10,563,875 SH SOLE 10,563,875 0 0 PIER 1 IMPORTS INC COM 720279108 12,909 676,910 SH SOLE 676,910 0 0 PIONEER NAT RES CO COM 723787107 29,893 1,232,720 SH SOLE 1,232,720 0 0 PLAYBOY ENTERPRISES INC CL B 728117300 9,074 949,165 SH SOLE 949,165 0 0 PLAYTEX PRODS INC COM 72813P100 4,255 500,000 SH SOLE 500,000 0 0 PLUMTREE SOFTWARE INC COM 72940Q104 1,105 425,000 SH SOLE 425,000 0 0 PMA CAP CORP CL A 693419202 13,812 920,825 SH SOLE 920,825 0 0 PMI GROUP INC COM 69344M101 90,153 3,313,220 SH SOLE 3,313,220 0 0 POLARIS INDS INC COM 731068102 3,717 59,945 SH SOLE 59,945 0 0 PRAXAIR INC COM 74005P104 68,810 1,346,320 SH SOLE 1,346,320 0 0 PRECISION CASTPARTS CORP COM 740189105 47,696 2,200,000 SH SOLE 2,200,000 0 0 PRICE T ROWE GROUP INC COM 74144T108 53,473 2,142,331 SH SOLE 2,142,331 0 0 PRIORITY HEALTHCARE CORP CL B 74264T102 71,970 2,855,945 SH SOLE 2,855,945 0 0 PROCTER & GAMBLE CO COM 742718109 517,478 5,789,635 SH SOLE 5,789,635 0 0 PROVINCE HEALTHCARE CO COM 743977100 27,665 1,613,144 SH SOLE 1,613,144 0 0 QUALCOMM INC COM 747525103 22,126 801,080 SH SOLE 801,080 0 0 QUEST DIAGNOSTICS INC COM 74834L100 126,881 2,062,095 SH SOLE 2,062,095 0 0 RADIO ONE INC CL A 75040P108 14,082 845,245 SH SOLE 845,245 0 0 RADIO ONE INC CL D NON VTG 75040P405 27,481 1,666,495 SH SOLE 1,666,495 0 0 RAYONIER INC COM 754907103 41,297 985,380 SH SOLE 985,380 0 0 RAYTHEON CO COM NEW 755111507 225,198 7,685,930 SH SOLE 7,685,930 0 0 REALNETWORKS INC COM 75605L104 11,727 3,248,395 SH SOLE 3,248,395 0 0 REGAL ENTMT GROUP CL A 758766109 6,215 349,180 SH SOLE 349,180 0 0 RENAISSANCE RE HLDGS LTD COM G7496G103 191,568 5,069,265 SH SOLE 5,069,265 0 0 RESOURCES CONNECTION INC COM 76122Q105 1,167 81,000 SH SOLE 81,000 0 0 ROBERT HALF INTL INC COM 770323103 91,137 5,742,750 SH SOLE 5,742,750 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 28,170 1,769,485 SH SOLE 1,769,485 0 0 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 1,315 32,740 SH SOLE 32,740 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 202,505 5,975,355 SH SOLE 5,975,355 0 0 SALIX PHARMACEUTICALS INC COM 795435106 3,607 427,385 SH SOLE 427,385 0 0 SBS BROADCASTING SA ORD L8137F102 27,491 2,095,380 SH SOLE 2,095,380 0 0 SCHERING PLOUGH CORP COM 806605101 58,388 2,738,665 SH SOLE 2,738,665 0 0 SCHLUMBERGER LTD COM 806857108 33,801 878,870 SH SOLE 878,870 0 0 SCHOOL SPECIALTY INC COM 807863105 18,529 740,855 SH SOLE 740,855 0 0 SCHWAB CHARLES CORP NEW COM 808513105 427,454 49,132,685 SH SOLE 49,132,685 0 0 SEALED AIR CORP NEW COM 81211K100 50,670 3,000,000 SH SOLE 3,000,000 0 0 SEI INVESTMENTS CO COM 784117103 28,656 1,200,000 SH SOLE 1,200,000 0 0 SEMTECH CORP COM 816850101 1,940 200,000 SH SOLE 200,000 0 0 SEPRACOR INC SDCV 7.000%12/1817315AH7 3,081 5,000,000 PR SOLE 5,000,000 0 0 SHIRE PHARMACEUTICALS GRP PL SPONSORED ADR 82481R106 39,719 1,603,530 SH SOLE 1,603,530 0 0 SIGMA ALDRICH CORP COM 826552101 220,208 4,469,410 SH SOLE 4,469,410 0 0 SIX FLAGS INC COM 83001P109 4,104 1,165,935 SH SOLE 1,165,935 0 0 SLM CORP COM 78442P106 722,616 7,758,380 SH SOLE 7,758,380 0 0 SMARTFORCE PUB LTD CO SPONSORED ADR 83170A206 6,479 1,963,409 SH SOLE 1,963,409 0 0 SMITH INTL INC COM 832110100 157,745 5,381,935 SH SOLE 5,381,935 0 0 SOUTHWEST AIRLS CO COM 844741108 244,248 18,702,005 SH SOLE 18,702,005 0 0 SOVEREIGN BANCORP INC COM 845905108 24,504 1,899,535 SH SOLE 1,899,535 0 0 SPX CORP COM 784635104 83,038 822,975 SH SOLE 822,975 0 0 ST JUDE MED INC COM 790849103 343,031 9,608,720 SH SOLE 9,608,720 0 0 STANCORP FINL GROUP INC COM 852891100 52,885 999,715 SH SOLE 999,715 0 0 STANLEY WKS COM 854616109 238,755 7,308,072 SH SOLE 7,308,072 0 0 STAPLES INC COM 855030102 45,278 3,540,135 SH SOLE 3,540,135 0 0 STARWOOD HOTELS&RESORTS WRLD PAIRED CTF 85590A203 162,369 7,281,105 SH SOLE 7,281,105 0 0 STATE STR CORP COM 857477103 85,558 2,214,230 SH SOLE 2,214,230 0 0 STATION CASINOS INC COM 857689103 54,512 3,204,728 SH SOLE 3,204,728 0 0 STERICYCLE INC COM 858912108 22,257 656,155 SH SOLE 656,155 0 0 STERIS CORP COM 859152100 9,840 395,010 SH SOLE 395,010 0 0 STILWELL FINL INC COM 860831106 12,070 1,000,000 SH SOLE 1,000,000 0 0 STMICROELECTRONICS N V NY REGISTRY 861012102 69,010 5,100,516 SH SOLE 5,100,516 0 0 STRYKER CORP COM 863667101 231,542 4,019,830 SH SOLE 4,019,830 0 0 SYMANTEC CORP COM 871503108 8,327 247,595 SH SOLE 247,595 0 0 SYNCOR INTL CORP DEL COM 87157J106 80,881 2,518,875 SH SOLE 2,518,875 0 0 SYNOPSYS INC COM 871607107 22,035 577,585 SH SOLE 577,585 0 0 SYSCO CORP COM 871829107 246,389 8,678,740 SH SOLE 8,678,740 0 0 TALX CORP COM 874918105 13,399 1,017,373 SH SOLE 1,017,373 0 0 TARGET CORP COM 87612E106 45,601 1,544,760 SH SOLE 1,544,760 0 0 TARO PHARMACEUTICAL INDS LTD ORD M8737E108 10,495 310,965 SH SOLE 310,965 0 0 TCF FINL CORP COM 872275102 8,216 194,100 SH SOLE 194,100 0 0 TECH DATA CORP COM 878237106 13,712 519,380 SH SOLE 519,380 0 0 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 198,412 7,048,399 SH SOLE 7,048,399 0 0 TENET HEALTHCARE CORP COM 88033G100 1,359,612 27,466,910 SH SOLE 27,466,910 0 0 TERADYNE INC COM 880770102 6,195 645,315 SH SOLE 645,315 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 464,090 6,926,719 SH SOLE 6,926,719 0 0 TEXAS INSTRS INC COM 882508104 59,757 4,045,854 SH SOLE 4,045,854 0 0 TIER TECHNOLOGIES INC CL B 88650Q100 13,046 689,550 SH SOLE 689,550 0 0 TIFFANY & CO NEW COM 886547108 40,799 1,903,845 SH SOLE 1,903,845 0 0 TJX COS INC NEW COM 872540109 119,599 7,035,245 SH SOLE 7,035,245 0 0 TOTAL FINA ELF S A SPONSORED ADR 89151E109 27,981 424,925 SH SOLE 424,925 0 0 TOWER AUTOMOTIVE INC COM 891707101 3,756 560,545 SH SOLE 560,545 0 0 TOYS R US INC COM 892335100 43,366 4,259,920 SH SOLE 4,259,920 0 0 TRANSKARYOTIC THERAPIES INC COM 893735100 10,352 319,395 SH SOLE 319,395 0 0 TRAVELERS PPTY CAS CORP NEW CL A 89420G109 2,677 202,785 SH SOLE 202,785 0 0 TRAVELERS PPTY CAS CORP NEW CL B 89420G406 14,240 1,052,491 SH SOLE 1,052,491 0 0 TRIAD HOSPITALS INC COM 89579K109 8,335 219,620 SH SOLE 219,620 0 0 TRIMERIS INC COM 896263100 24,153 540,935 SH SOLE 540,935 0 0 TTM TECHNOLOGIES INC COM 87305R109 3,367 2,144,470 SH SOLE 2,144,470 0 0 TYCO INTL LTD NEW COM 902124106 275,254 19,521,585 SH SOLE 19,521,585 0 0 UNILEVER N V N Y SHS NEW 904784709 71,146 1,196,730 SH SOLE 1,196,730 0 0 UNITED PARCEL SERVICE INC CL B 911312106 411,627 6,582,880 SH SOLE 6,582,880 0 0 UNITED SURGICAL PARTNERS INT COM 913016309 11,440 517,655 SH SOLE 517,655 0 0 UNITEDHEALTH GROUP INC COM 91324P102 1,406,231 16,122,800 SH SOLE 16,122,800 0 0 UNIVERSAL COMPRESSION HLDGS COM 913431102 4,124 254,545 SH SOLE 254,545 0 0 UNIVISION COMMUNICATIONS INC CL A 914906102 311,319 13,654,359 SH SOLE 13,654,359 0 0 US BANCORP DEL COM NEW 902973304 197,103 10,608,336 SH SOLE 10,608,336 0 0 USA INTERACTIVE COM 902984103 413,138 21,317,756 SH SOLE 21,317,756 0 0 UTI WORLDWIDE INC ORD G87210103 7,334 399,035 SH SOLE 399,035 0 0 UTSTARCOM INC COM 918076100 26,623 1,743,455 SH SOLE 1,743,455 0 0 VALASSIS COMMUNICATIONS INC COM 918866104 162,756 4,640,881 SH SOLE 4,640,881 0 0 VECTOR GROUP LTD COM 92240M108 24,740 1,965,077 SH SOLE 1,965,077 0 0 VERITAS SOFTWARE CO COM 923436109 39,922 2,721,309 SH SOLE 2,721,309 0 0 VERITAS SOFTWARE CORP / VERI NOTE 1.856% 8/192343RAA1 6,520 8,000,000 PR SOLE 8,000,000 0 0 VIACOM INC CL B 925524308 3,081,002 75,980,317 SH SOLE 75,980,317 0 0 VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 2,581 201,140 SH SOLE 201,140 0 0 WAL MART STORES INC COM 931142103 58,134 1,180,618 SH SOLE 1,180,618 0 0 WALGREEN CO COM 931422109 651,909 21,193,388 SH SOLE 21,193,388 0 0 WASHINGTON MUT INC COM 939322103 34,379 1,092,450 SH SOLE 1,092,450 0 0 WASTE MGMT INC DEL COM 94106L109 118,555 5,083,835 SH SOLE 5,083,835 0 0 WEATHERFORD INTERNATIONAL LT COM G95089101 6,123 164,850 SH SOLE 164,850 0 0 WEIGHT WATCHERS INTL INC NEW COM 948626106 57,938 1,336,200 SH SOLE 1,336,200 0 0 WELLPOINT HEALTH NETWORK NEW COM 94973H108 245,257 3,345,930 SH SOLE 3,345,930 0 0 WELLS FARGO & CO NEW COM 949746101 346,964 7,204,405 SH SOLE 7,204,405 0 0 WENDYS INTL INC COM 950590109 968 29,230 SH SOLE 29,230 0 0 WESTWOOD ONE INC COM 961815107 85,422 2,389,425 SH SOLE 2,389,425 0 0 WHOLE FOODS MKT INC COM 966837106 109,853 2,564,265 SH SOLE 2,564,265 0 0 WILLIS GROUP HOLDINGS LTD SHS G96655108 182,206 5,440,614 SH SOLE 5,440,614 0 0 WINNEBAGO INDS INC COM 974637100 25,878 654,630 SH SOLE 654,630 0 0 WRIGHT MED GROUP INC COM 98235T107 7,792 409,440 SH SOLE 409,440 0 0 WYETH COM 983024100 363,667 11,436,056 SH SOLE 11,436,056 0 0 XILINX INC COM 983919101 62,040 3,917,153 SH SOLE 3,917,153 0 0 XL CAP LTD CL A G98255105 666,896 9,073,410 SH SOLE 9,073,410 0 0 YUM BRANDS INC COM 988498101 71,075 2,564,945 SH SOLE 2,564,945 0 0 ZIMMER HLDGS INC COM 98956P102 35,538 926,920 SH SOLE 926,920 0 0 Report Total 69,051,121