13F-HR 1 d403917_13f.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 March 31, 2003 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Tocqueville Asset Management L.P. Address: 1675 Broadway New York, New York 10019 13F File Number: 28-3063 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: Elizabeth F. Bosco Title: Compliance Officer Phone: (212) 698-0845 Signature, Place and Date of Signing: /s/ Elizabeth F. Bosco New York, New York May 14, 2003 ----------------------- -------------------------- ---------------------- [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 reported are in this report, and all holdings are reported by other reporting managers(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: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 277 Form 13F Information Table Value Total: $971,133.40 (thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE
INVEST- TITLE MENT OTHER NAME OF ISSUER OF CUSIP VALUE SHRS OR SH/ PUT/ DISCRE- MAN- VOTING AUTHORITY CLASS PRN AMT PRN CALL TION AGERS SOLE SHARES NONE IFC Capital Trust III PFD 449498203 211400 7000 SH SOLE NONE 7000 Newfield Financial Trust I conv 8/15/29 PFD 651291205 993450 18500 SH SOLE NONE 18500 Duke Energy Corp. 8.0% 11/16/04 B PFD 264399544 173536 13600 SH SOLE NONE 13600 Kerr-McGee Corp 5.5% Pfd PFD 492386305 462735 10500 SH SOLE NONE 10500 Pub Storage Ser-M 8.75% C@25 8/17/04 PFD 74460D794 575970 21900 SH SOLE NONE 21900 Pub Storage Ser-S 7.875% C@25 10/06 PFD 74460D653 883392 34400 SH SOLE NONE 34400 Pub Storage Ser-T 7.625% C@25 1/18/07 PFD 74460D646 351072 13800 SH SOLE NONE 13800 3Com Corp. COM 885535104 70124.25 14250 SH SOLE NONE 14250 3M Co. COM 88579Y101 1394571.75 10725 SH SOLE NONE 10725 99 Cents Only Stores COM 65440K106 1166625 45750 SH SOLE NONE 45750 A.T. Cross Company COM 227478104 1258377.4 264365 SH SOLE NONE 264365 Abbott Laboratories COM 002824100 412243.21 10961 SH SOLE NONE 10961 Abercrombie & Fitch Co. CL A COM 002896207 324324 10800 SH SOLE NONE 10800 Agilent Technologies, Inc. COM 00846U101 559808.65 42571 SH SOLE NONE 42571 Alcoa Inc. COM 013817101 12028623.36 620672 SH SOLE NONE 620672 Alexander & Baldwin Inc. COM 014482103 5220600 210000 SH SOLE NONE 210000 Allstate Corp COM 020002101 15649008.94 471782 SH SOLE NONE 471782 American Express Co. COM 025816109 926950.85 27895 SH SOLE NONE 27895 American Int'l Group COM 026874107 1087553.85 21993 SH SOLE NONE 21993 American Management Systems, Inc. COM 027352103 966400 80000 SH SOLE NONE 80000 Amgen Inc. COM 031162100 938870.7 16314 SH SOLE NONE 16314 Analysts International Corp. COM 032681108 299490 201000 SH SOLE NONE 201000 Andrew Corp. COM 034425108 1223750 222500 SH SOLE NONE 222500 Anixter Int'l Inc. COM 035290105 4951128 218400 SH SOLE NONE 218400 Apache Corp. COM 037411105 380858.62 6168.75 SH SOLE NONE 6168.75 Apex Silver Mines Ltd. COM G04074103 8676995.8 647537 SH SOLE NONE 647537 Applera Corp. COM 038020103 191543 12100 SH SOLE NONE 12100 Applied Materials Inc. COM 038222105 333370 26500 SH SOLE NONE 26500 Ascential Software Corp. COM 04362P108 7438452 2656590 SH SOLE NONE 2656590 Ashanti Goldfields Co Ltd COM 043743202 10924008.88 1923241 SH SOLE NONE 1923241 Autodesk Inc. COM 052769106 17346042 1136700 SH SOLE NONE 1136700 Automatic Data Processing COM 053015103 236990.63 7697 SH SOLE NONE 7697 Avery Dennison Corp. COM 053611109 956321 16300 SH SOLE NONE 16300 Avnet Inc. COM 053807103 1546848 147600 SH SOLE NONE 147600 BJ's Wholesale Club Inc COM 05548J106 125091 11070 SH SOLE NONE 11070 Baldor Electric Co COM 057741100 11045567.25 516148 SH SOLE NONE 516148 Banc One Corp. COM 06423A103 343118.82 9911 SH SOLE NONE 9911 Bank of New York COM 064057102 16353116.5 797713 SH SOLE NONE 797713 BankAmerica Corp. COM 060505104 357460.32 5348 SH SOLE NONE 5348 Barnes Group Inc. COM 067806109 2130812 100700 SH SOLE NONE 100700 Bausch & Lomb Inc. COM 071707103 5270293.6 160240 SH SOLE NONE 160240 Baxter International Inc. COM 071813109 476624.8 25570 SH SOLE NONE 25570 BellSouth Corp. COM 079860102 259844.97 11991 SH SOLE NONE 11991 Berkshire-Hathaway, Inc. Class B COM 084670207 470140 220 SH SOLE NONE 220 Boeing Company COM 097023105 11101580 443000 SH SOLE NONE 443000 Borders Group Inc. COM 099709107 2013900 137000 SH SOLE NONE 137000 Bristol Myers Squibb Co. COM 110122108 11203083.74 530198 SH SOLE NONE 530198 BroadWing Inc. COM 111620100 275200 68800 SH SOLE NONE 68800 Bush Industries Inc Cl A COM 123164105 1625158.9 997030 SH SOLE NONE 997030 Cadence Design Systems Inc. COM 127387108 152180 15218 SH SOLE NONE 15218 Captaris Inc. COM 14071N104 4120937.7 1425930 SH SOLE NONE 1425930 CardioDynamics Int'l Corp. COM 141597104 2658702.3 880365 SH SOLE NONE 880365 Caterpillar Inc. COM 149123101 300464.4 6107 SH SOLE NONE 6107 Centene Corp. COM 15135B101 6575988.88 225128 SH SOLE NONE 225128 Charles River Labs Intl COM 159864107 255200 10000 SH SOLE NONE 10000 ChevronTexaco Corp. COM 166764100 5969974.95 92343 SH SOLE NONE 92343 Cholestech Corp. COM 170393102 3098206.1 380615 SH SOLE NONE 380615 Chordiant Software, Inc. COM 170404107 55500 50000 SH SOLE NONE 50000 Circle Corp. COM 172559106 189640 34480 SH SOLE NONE 34480 Colgate Palmolive Co. COM 194162103 3828710.76 70329 SH SOLE NONE 70329 Commerce Bancorp Inc. NJ COM 200519106 1597865.92 40208 SH SOLE NONE 40208 Compania de Minas Buenaventurs S. A. COM 204448104 7420325 296813 SH SOLE NONE 296813 Computer Horizons Corp. COM 205908106 7096566.4 2304080 SH SOLE NONE 2304080 ConocoPhillips COM 20825C104 5377044.97 100318 SH SOLE NONE 100318 Core Laboratories COM N22717107 13644904 1312010 SH SOLE NONE 1312010 Corn Products International, Inc. COM 219023108 1749600 60000 SH SOLE NONE 60000 Crawford Co. class B COM 224633107 464385 111900 SH SOLE NONE 111900 Cross Timbers Royalty Trust COM 22757R109 3834460.8 202560 SH SOLE NONE 202560 Crystallex International Corp. COM 22942F101 904982 870175 SH SOLE NONE 870175 Cummins, Inc. COM 231021106 8099304 329240 SH SOLE NONE 329240 Cytyc Corp. COM 232946103 3986905.5 305510 SH SOLE NONE 305510 Daisytek Intl COM 234053106 1168824.8 625040 SH SOLE NONE 625040 Dana Corp Wts P/Stk COM 235811106 6366849.2 901820 SH SOLE NONE 901820 Datascope Corp. COM 238113104 1354000 50000 SH SOLE NONE 50000 DeVry, Inc. COM 251893103 647849 34700 SH SOLE NONE 34700 Del Monte Foods Co. COM 24522P103 3830717.46 513501 SH SOLE NONE 513501 Dell Computer Corp. COM 247025109 2296771 84100 SH SOLE NONE 84100 Delta & Pine Land Co. COM 247357106 6362454 281400 SH SOLE NONE 281400 Dendrite International Inc COM 248239105 3315000 390000 SH SOLE NONE 390000 Devon Energy Corp COM 25179M103 544886 11300 SH SOLE NONE 11300 Dial Corp. COM 25247D101 3783000 195000 SH SOLE NONE 195000 Diebold, Inc. COM 253651103 2117856 62400 SH SOLE NONE 62400 Dominion Res Inc./VA COM 25746U109 4249647.5 76750 SH SOLE NONE 76750 Doral Financial Corp. COM 25811P100 335137.5 11250 SH SOLE NONE 11250 Dover Corp. COM 260003108 1261862 52100 SH SOLE NONE 52100 Duke Energy Corp COM 264399106 181750 12500 SH SOLE NONE 12500 Duke Realty Invts Inc Com New COM 264411505 277894 10300 SH SOLE NONE 10300 E I Du Pont De Nemours & Co. COM 263534109 2658101.72 68402 SH SOLE NONE 68402 EFunds Corp COM 28224R101 5512165.11 802353 SH SOLE NONE 802353 EMC Corp. COM 268648102 20640927 2854900 SH SOLE NONE 2854900 Eastman Kodak COM 277461109 3368864.8 113813 SH SOLE NONE 113813 Eli Lilly & Co. COM 532457108 557212.5 9750 SH SOLE NONE 9750 Emerson Electric Co. COM 291011104 983097.3 21678 SH SOLE NONE 21678 Energy Visions Inc. COM 292968104 1200 10000 SH SOLE NONE 10000 Ethan Allen Interiors, Inc. COM 297602104 1990939.5 67650 SH SOLE NONE 67650 Evans & Sutherland Computer Corp COM 299096107 1095930 184500 SH SOLE NONE 184500 Exxon Mobil Corp. COM 30231G102 866200.8 24784 SH SOLE NONE 24784 FPL Group Inc COM 302571104 15012417.5 254750 SH SOLE NONE 254750 Federal Signal Corp. COM 313855108 7591320 534600 SH SOLE NONE 534600 Flowserve Corp. COM 34354P105 12821873.5 1100590 SH SOLE NONE 1100590 Freeport McMoRan Copper & Gold Inc Cl B COM 35671D857 422874.1 24802 SH SOLE NONE 24802 Garmin Ltd. COM G37260109 1070420 29900 SH SOLE NONE 29900 Gartner Group, Inc. COM 366651107 104250 15000 SH SOLE NONE 15000 General Dynamics Corp. COM 369550108 218958.32 3976 SH SOLE NONE 3976 General Electric Co. COM 369604103 3630792 142384 SH SOLE NONE 142384 General Growth Properties Inc. COM 370021107 8965141.25 166175 SH SOLE NONE 166175 General Mills, Inc. COM 370334104 245970 5400 SH SOLE NONE 5400 General Motors Class H COM 370442832 125182.4 11177 SH SOLE NONE 11177 Genuine Parts Co. COM 372460105 984252.6 32260 SH SOLE NONE 32260 Glamis Gold Ltd. COM 376775102 3978408.06 384759 SH SOLE NONE 384759 Global Industries Ltd COM 379336100 6703410 1438500 SH SOLE NONE 1438500 Golden Star Resources Ltd COM 38119T104 21960 12200 SH SOLE NONE 12200 Graco Inc. COM 384109104 576808.7 20527 SH SOLE NONE 20527 Grainger (W.W.) Inc. COM 384802104 1016730 23700 SH SOLE NONE 23700 Granite Construction Inc. COM 387328107 339700.9 21637 SH SOLE NONE 21637 Grey Global Group, Inc. COM 39787M108 543568.19 881 SH SOLE NONE 881 HCR Manor Care, Inc. COM 564055101 192300 10000 SH SOLE NONE 10000 Haverty Furniture Inc. COM 419596101 172000 16000 SH SOLE NONE 16000 Hawaiian Electric Inds Inc COM 419870100 2690160 66000 SH SOLE NONE 66000 Health Management Associates, Inc. COM 421933102 3917420 206180 SH SOLE NONE 206180 Hewlett-Packard COM 428236103 424903.75 27325 SH SOLE NONE 27325 Home Depot Inc. COM 437076102 4390768.2 180245 SH SOLE NONE 180245 Homefed Corp. COM 43739D208 20400 15000 SH SOLE NONE 15000 Honeywell International Inc. COM 438516106 9409186.8 440505 SH SOLE NONE 440505 Hooper Holmes, Inc. COM 439104100 1625400 325080 SH SOLE NONE 325080 Hormel Foods COM 440452100 714487.5 33750 SH SOLE NONE 33750 Humana Inc COM 444859102 21717216 2262210 SH SOLE NONE 2262210 Hyperion Solutions Corp. COM 44914M104 2297542 94744 SH SOLE NONE 94744 IMPATH Inc. COM 45255G101 134600 10000 SH SOLE NONE 10000 IPC Holdings, Ltd. COM G4933P101 5781793.5 192150 SH SOLE NONE 192150 IShares - Russell 2000 COM 464287655 3240000 45000 SH SOLE NONE 45000 Illinois Tool Wks COM 452308109 594583.75 10225 SH SOLE NONE 10225 Independent Bank Corp. COM 453838104 288314.4 14344 SH SOLE NONE 14344 Input/Output Inc COM 457652105 3660120 1016700 SH SOLE NONE 1016700 Int'l Business Machines COM 459200101 1303898.75 16625 SH SOLE NONE 16625 Intel Corp. COM 458140100 523581.08 32161 SH SOLE NONE 32161 InterDent, Inc. COM 45865R208 93332 46666 SH SOLE NONE 46666 InterVoice, Inc. COM 461142101 2170883.1 1299930 SH SOLE NONE 1299930 International Paper COM 460146103 241399.6 7142 SH SOLE NONE 7142 Interpublic Group of Cos. Inc. COM 460690100 8806635 946950 SH SOLE NONE 946950 Intl Flavors & Fragrances COM 459506101 646672 20800 SH SOLE NONE 20800 Intl Multifoods Corp. COM 460043102 9991531.2 517160 SH SOLE NONE 517160 Intuitive Surgical, Inc. COM 4.61E+111 3204579.9 496065 SH SOLE NONE 496065 Ionics, Inc. COM 462218108 8961494 541480 SH SOLE NONE 541480 Ivax Corp. COM 465823102 6392785 521860 SH SOLE NONE 521860 Johnson & Johnson COM 478160104 12226773.6 211280 SH SOLE NONE 211280 Keane Corp COM 486665102 6361013.4 777630 SH SOLE NONE 777630 Kennametal, Inc. COM 489170100 6748387 239900 SH SOLE NONE 239900 Kerr McGee COM 492386107 4353392 107200 SH SOLE NONE 107200 Keyspan Corp. COM 49337W100 2702550 83800 SH SOLE NONE 83800 Kimberly Clark Corp. COM 494368103 2960355.2 65120 SH SOLE NONE 65120 Kinder Morgan Energy LP COM 494550106 2800900 75700 SH SOLE NONE 75700 Kos Pharmaceuticals, Inc. COM 500648100 174700 10000 SH SOLE NONE 10000 Kraft Foods Inc COM 50075N104 259440 9200 SH SOLE NONE 9200 LTV Corp. New COM 501921100 90 10000 SH SOLE NONE 10000 Lafarge North America Inc. COM 505862102 1092280 37600 SH SOLE NONE 37600 Lakeland Industries Inc. COM 511795106 413270 48620 SH SOLE NONE 48620 Lance Inc. COM 514606102 695037 86340 SH SOLE NONE 86340 Leggett & Platt Inc. COM 524660107 2071124 113300 SH SOLE NONE 113300 Lexington Corp Properties Trust COM 529043101 2853615.11 167367.5 SH SOLE NONE 167367.5 Liberty Media Corp. COM 530718105 110922 11400 SH SOLE NONE 11400 Longs Drug Stores Corp. COM 543162101 8110500 540700 SH SOLE NONE 540700 Longview Fibre Co. COM 543213102 4974599 748060 SH SOLE NONE 748060 Lowe's Companies, Inc. COM 548661107 3713395.4 90970 SH SOLE NONE 90970 Lucent Technologies Inc COM 549463107 14700 10000 SH SOLE NONE 10000 Manhattan Scientifics, Inc. COM 563122100 600 15000 SH SOLE NONE 15000 Masco Corp. COM 574599106 2871204 154200 SH SOLE NONE 154200 Mattel Inc. COM 577081102 16580250 736900 SH SOLE NONE 736900 McDonalds Corp. COM 580135101 3450575.34 238629 SH SOLE NONE 238629 Mckesson Corp. New COM 58155Q103 4704291 188700 SH SOLE NONE 188700 MeadWestvaco Corp. COM 583334107 265865.38 11671 SH SOLE NONE 11671 Medtronic Inc COM 585055106 3804744 84325 SH SOLE NONE 84325 Mercantile Bankshares Corp. COM 587405101 3336302 98300 SH SOLE NONE 98300 Merck & Co. COM 589331107 13716473.76 250392 SH SOLE NONE 250392 Metallica Resources, Inc. COM 59125j104 43500 50000 SH SOLE NONE 50000 Micheal Stores, Inc. COM 594087108 947879 37900 SH SOLE NONE 37900 Microsoft Corp. COM 594918104 5528062.98 228338 SH SOLE NONE 228338 Molex Inc. COM 608554101 2608595.64 121443 SH SOLE NONE 121443 Murphy Oil Corp. COM 626717102 21831022.5 494250 SH SOLE NONE 494250 Mylan Laboratories Inc. COM 628530107 646875 22500 SH SOLE NONE 22500 Nabors Industries Ltd. COM 629568106 8719569 218700 SH SOLE NONE 218700 National Commerce Financial Corp. COM 63545P104 3353550 141500 SH SOLE NONE 141500 Newell Rubbermaid Inc. COM 651229106 4509067.5 159050 SH SOLE NONE 159050 Newmont Mining Corp. COM 651639106 17354238.3 663642 SH SOLE NONE 663642 Northrop Grumman Corp. COM 666807102 13972530 162850 SH SOLE NONE 162850 Ocean Energy Inc. COM 6.75E+110 4642800 232140 SH SOLE NONE 232140 Oceaneering Int'l COM 675232102 11619393 531780 SH SOLE NONE 531780 Office Depot Inc COM 676220106 1706477.5 144250 SH SOLE NONE 144250 Olin Corp COM 680665205 23709124.5 1304850 SH SOLE NONE 1304850 Omnicare, Inc. COM 681904108 8946375.9 328790 SH SOLE NONE 328790 Omnicom Group COM 681919106 2302225 42500 SH SOLE NONE 42500 Onyx Pharmaceuticals COM 683399109 374850 45000 SH SOLE NONE 45000 Openwave Systems Inc. COM 683718100 1288153 907150 SH SOLE NONE 907150 Pall Corp COM 696429307 7240800 362040 SH SOLE NONE 362040 PartnerRe Ltd. COM g6852t105 3336600 66400 SH SOLE NONE 66400 Pepsico Inc. COM 713448108 287200 7180 SH SOLE NONE 7180 Perrigo Co. COM 714290103 3920400 330000 SH SOLE NONE 330000 Pfizer Inc. COM 717081103 475532.76 15261 SH SOLE NONE 15261 Pharmaceutical Product Development Inc. COM 717124101 7833779.25 291750 SH SOLE NONE 291750 Pharmacopeia Inc. COM 71713B104 1709273 194900 SH SOLE NONE 194900 Phelps Dodge COM 717265102 11965632 368400 SH SOLE NONE 368400 Photoworks, Inc. COM 71940B109 64832 405200 SH SOLE NONE 405200 Polymer Group Inc. COM 731745105 2860 26000 SH SOLE NONE 26000 Powerwave Technologies, Inc. COM 739363109 3003016 883240 SH SOLE NONE 883240 Priority Healthcare Corp. CL B COM 74264T102 796835 29900 SH SOLE NONE 29900 Procter & Gamble COM 742718109 1490607.95 16739 SH SOLE NONE 16739 Providian Financial corp. COM 74406A102 76752 11700 SH SOLE NONE 11700 Province Healthcare Co. COM 743977100 1599195 180700 SH SOLE NONE 180700 Proxim Corp. COM 744283102 1815577.2 3025962 SH SOLE NONE 3025962 QLT Inc. COM 746927102 101600 10000 SH SOLE NONE 10000 Questar Corp. COM 748356102 3132941.5 105950 SH SOLE NONE 105950 Quintiles Transnational Corp. COM 748767100 984960 81000 SH SOLE NONE 81000 Rayovac Corp. COM 755081106 11848308.5 1092010 SH SOLE NONE 1092010 Regions Financial Corp. COM 758940100 742720 21100 SH SOLE NONE 21100 Renal Care Group, Inc. COM 759930100 1559000 50000 SH SOLE NONE 50000 Rouse Company COM 779273101 2052270 59400 SH SOLE NONE 59400 Royal Gold, Inc. COM 780287108 336630 22900 SH SOLE NONE 22900 Ryan's Family Steak Houses COM 783519101 259374.7 24700 SH SOLE NONE 24700 SAFECO Corp. COM 786429100 704435.68 20144 SH SOLE NONE 20144 SICOR Inc. COM 825846108 4191867 251010 SH SOLE NONE 251010 San Juan Basin Royalty Trust - UBI COM 798241105 382720 26000 SH SOLE NONE 26000 Schering-Plough Corp. COM 806605101 4812317 269900 SH SOLE NONE 269900 Schlumberger Ltd. COM 806857108 2992983.42 78742 SH SOLE NONE 78742 Schulman,A Inc. COM 808194104 7275171 500700 SH SOLE NONE 500700 Sonoco Products Co. COM 835495102 491855 23500 SH SOLE NONE 23500 Southern Co. COM 842587107 1828692 64300 SH SOLE NONE 64300 Southwest Airlines Co. COM 844741108 221675.32 15437 SH SOLE NONE 15437 Speechworks International COM 84764M101 41760 18000 SH SOLE NONE 18000 Sprint Corp PCS Group COM 852061506 110308 25300 SH SOLE NONE 25300 Sprint Corp. COM 852061100 209150 17800 SH SOLE NONE 17800 St. Joe Co. COM 790148100 705840 25950 SH SOLE NONE 25950 St. Paul Companies Inc. COM 792860108 2299680.6 72317 SH SOLE NONE 72317 Standard and Poor's Dep. Rec. COM 78462F103 423700 5000 SH SOLE NONE 5000 Steelcase Inc. COM 858155203 10218786.5 1070030 SH SOLE NONE 1070030 Stryker Corp. COM 863667101 3085542.9 44946 SH SOLE NONE 44946 Sun Microsystems Inc COM 866810104 97017.6 29760 SH SOLE NONE 29760 Suntrust Banks Inc. COM 867914103 221130 4200 SH SOLE NONE 4200 Symantec Corp COM 871503108 985377 25150 SH SOLE NONE 25150 Symbol Technologies Inc. COM 871508107 11021919.3 1280130 SH SOLE NONE 1280130 Synovus Financial Corp. COM 87161C105 996222.54 55686 SH SOLE NONE 55686 Sysco Corp. COM 871829107 7040748.96 276759 SH SOLE NONE 276759 Systems & Computer Technology Corp COM 871873105 16463408.2 2149270 SH SOLE NONE 2149270 TXU Corp. COM 873168108 885360 49600 SH SOLE NONE 49600 Technology Solutions Co. COM 87872T108 527730 538500 SH SOLE NONE 538500 Tellabs Inc. COM 879664100 7272384.75 1256025 SH SOLE NONE 1256025 Temple-Inland Inc. COM 879868107 11390170 304550 SH SOLE NONE 304550 Tetra Technologies COM 88162F105 2805310 121970 SH SOLE NONE 121970 Teva Pharmaceutical Ind. Ltd spd ADR COM 881624209 333200 8000 SH SOLE NONE 8000 Texas Instruments Inc. COM 882508104 628526.15 38395 SH SOLE NONE 38395 Timken Co. COM 887389104 3433276 219800 SH SOLE NONE 219800 UTStarcom, Inc. COM 918076100 2128935 106500 SH SOLE NONE 106500 United Health Group COM 91324P102 2508549.55 27365 SH SOLE NONE 27365 Unitrin, Inc. COM 913275103 5852742 252600 SH SOLE NONE 252600 Universal Display Corp COM 91347P105 772192 94400 SH SOLE NONE 94400 Unova Inc. COM 91529B106 7229577.3 1346290 SH SOLE NONE 1346290 Valmont Ind Inc COM 920253101 237600 11000 SH SOLE NONE 11000 Varco International Inc. COM 922122106 11108896.72 606712 SH SOLE NONE 606712 Verizon Communications COM 92343V104 1998264.8 56528 SH SOLE NONE 56528 Viacom Inc - Cl B COM 925524308 1289703.8 35315 SH SOLE NONE 35315 Viacom Inc Cl A COM 925524100 730000 20000 SH SOLE NONE 20000 Vicor Corp. COM 925815102 3875544 679920 SH SOLE NONE 679920 Vital Signs Inc. COM 928469105 678144 25600 SH SOLE NONE 25600 Vulcan Materials Co. COM 929160109 302300 10000 SH SOLE NONE 10000 Wal-Mart Stores Inc. COM 931142103 493920.79 9493 SH SOLE NONE 9493 Walgreen Co. COM 931422109 411983 13975 SH SOLE NONE 13975 Walt Disney Production COM 254687106 236680.12 13906 SH SOLE NONE 13906 WebMD Corp. COM 94769M105 433862 48100 SH SOLE NONE 48100 Weingarten Realty Investment COM 948741103 4623310.43 118213 SH SOLE NONE 118213 Wellpoint Health Networks, Inc. COM 94973H108 3274385.25 42663 SH SOLE NONE 42663 Wendys International Inc. COM 950590109 1701493.5 61850 SH SOLE NONE 61850 Westell Technologies Inc. COM 957541105 4542172 1124300 SH SOLE NONE 1124300 Weyerhaeuser Co. COM 962166104 1037911 21700 SH SOLE NONE 21700 Wyeth COM 983024100 3440334.12 90966 SH SOLE NONE 90966 XL Capital LTD - Class A COM G98255105 6338349 89550 SH SOLE NONE 89550 Genetic ID Inc. CONV PFD SER B PFD 382991107 175800 14650 SH SOLE NONE 14650 Stat-Chem Inc. PFD SER B PFD 847995107 100001 100001 SH SOLE NONE 100001 Bear Stearns Inc. COM 73902108 1058718.4 16139 SH SOLE NONE 16139 971133.4
52276.0001 #403917