13F-HR 1 d422827_13-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, 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 November 13, 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: 282 Form 13F Information Table Value Total: $1,257,102 (thousands) List of Other Included Managers: None
FORM 13F INFORMATION TABLE TITLE OF SHRS OR INVESTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP VALUE PRN AMT DISCRETN MANAGERS SOLE SHARED NONE -------------- ----- ----- ----- ------- -------- -------- ---- ------ ---- IFC Capital Trust III PFD CV TR SECS 449498203 226,450 7,000 SOLE NONE 7000 1st Source CAP TR II TR PFD SEC FLT PFD 33645X208 237,600 10,000 SOLE NONE 10000 Conagra Cap L C Pfd B Adj Rate PFD 20588V307 202,360 8,075 SOLE NONE 8075 Entergy Mississippi 7.25% C@25. 11/22/07 PFD 29364n868 219,120 8,300 SOLE NONE 8300 Kerr-McGee Corp 5.5% Pfd PFD 492386305 454,020 10,500 SOLE NONE 10500 Lexington Corp.8.05% Ser B C@25.00 6/08 PFD 529043200 1,397,813 53,250 SOLE NONE 53250 Pub Storage Ser-M 8.75% C@25 8/17/04 PFD 74460D794 537,786 20,700 SOLE NONE 20700 Pub Storage Ser-S 7.875% C@25 10/06 PFD 74460D653 977,850 36,900 SOLE NONE 36900 Pub Storage Ser-T 7.625% C@25 1/18/07 PFD 74460D646 366,804 13,800 SOLE NONE 13800 3Com Corp. COM 885535104 3,399,728 575,250 SOLE NONE 575250 3M Co. COM 88579Y101 1,481,552 21,450 SOLE NONE 21450 A.T. Cross Company COM 227478104 1,487,490 247,915 SOLE NONE 209015 Abbott Laboratories COM 002824100 457,881 10,761 SOLE NONE 10761 Agilent Technologies, Inc. COM 00846U101 933,506 42,221 SOLE NONE 42221 Alcoa Inc. COM 013817101 16,234,818 620,597 SOLE NONE 620597 Alexander & Baldwin Inc. COM 014482103 5,771,260 203,500 SOLE NONE 203500 Allstate Corp COM 020002101 17,173,922 470,132 SOLE NONE 470132 Amazon.com Inc. COM 023135106 363,225 7,500 SOLE NONE 7500 American Express Co. COM 025816109 1,241,178 27,545 SOLE NONE 27545 American Int'l Group COM 026874107 1,139,575 19,750 SOLE NONE 19750 American Management Systems, Inc. COM 027352103 9,523,595 743,450 SOLE NONE 6979500 45500 Amgen Inc. COM 031162100 604,681 9,372 SOLE NONE 9372 Anadarko Petroleum Corp. COM 032511107 1,978,756 47,384 SOLE NONE 47384 Analysts International Corp. COM 032681108 468,330 201,000 SOLE NONE 201000 Andrew Corp. COM 034425108 1,993,200 165,000 SOLE NONE 165000 Apache Corp. COM 037411105 395,307 5,701 SOLE NONE 5701 Apex Silver Mines Ltd. COM G04074103 8,717,196 650,537 SOLE NONE 650537 Applera Corp. COM 038020103 265,489 11,900 SOLE NONE 11900 Applied Materials Inc. COM 038222105 197,617 10,900 SOLE NONE 10900 Ascential Software Corp. COM 04362P207 13,916,919 751,048 SOLE NONE 7145488 36500 Ashanti Goldfields Co Ltd COM 043743202 14,393,830 1,377,400 SOLE NONE 1377400 Autodesk Inc. COM 052769106 12,676,496 744,800 SOLE NONE 744800 Automatic Data Processing COM 053015103 2,821,287 78,697 SOLE NONE 78697 Avnet Inc. COM 053807103 2,932,300 177,500 SOLE NONE 177500 Baldor Electric Co COM 057741100 15,001,779 710,648 SOLE NONE 7106488 29900 Banc One Corp. COM 06423A103 351,908 9,105 SOLE NONE 9105 Bank of New York COM 064057102 22,860,461 785,313 SOLE NONE 785313 BankAmerica Corp. COM 060505104 339,396 4,349 SOLE NONE 4349 Barnes Group Inc. COM 067806109 3,782,372 145,700 SOLE NONE 145700 Bausch & Lomb Inc. COM 071707103 7,228,680 163,730 SOLE NONE 150830 12900 Baxter International Inc. COM 071813109 784,329 26,990 SOLE NONE 26990 BellSouth Corp. COM 079860102 366,827 15,491 SOLE NONE 15491 Berkshire-Hathaway, Inc. Class B COM 084670207 549,120 220 SOLE NONE 220 Boeing Company COM 097023105 20,059,019 584,300 SOLE NONE 584300 Borders Group Inc. COM 099709107 2,478,520 131,000 SOLE NONE 131000 Bristol Myers Squibb Co. COM 110122108 14,318,126 557,994 SOLE NONE 557994 Bush Industries Inc Cl A COM 123164105 4,795,367 1,007,430 SOLE NONE 918330 89100 C & D Technologies, Inc. COM 124661109 6,288,819 332,390 SOLE NONE 306390 26000 C I G N A Corp. COM 125509109 11,352,263 254,250 SOLE NONE 254250 Captaris Inc. COM 14071N104 4,562,784 862,530 SOLE NONE 814230 48300 CardioDynamics Int'l Corp. COM 141597104 6,062,645 1,350,255 SOLE NONE 1250755 99500 Caterpillar Inc. COM 149123101 420,406 6,107 SOLE NONE 6107 Centene Corp. COM 15135B101 4,119,608 135,558 SOLE NONE 127016 8542 Cerner Corp COM 156782104 308,700 10,000 SOLE NONE 10000 Charles River Labs Intl COM 159864107 306,900 10,000 SOLE NONE 10000 ChevronTexaco Corp. COM 166764100 7,476,742 104,643 SOLE NONE 104643 Cholestech Corp. COM 170393102 2,967,954 384,450 SOLE NONE 354525 29925 Chordiant Software, Inc. COM 170404107 151,000 50,000 SOLE NONE 50000 Cincinnati Bell Inc. COM 171871106 350,192 68,800 SOLE NONE 68800 Circle Corp. COM 172559106 189,640 34,480 SOLE NONE 34480 Cisco Systems Inc. COM 17275R102 2,730,572 139,386 SOLE NONE 139386 Coca Cola Co. COM 191216100 1,845,905 42,968 SOLE NONE 42968 Colgate Palmolive Co. COM 194162103 3,818,908 68,329 SOLE NONE 68329 Commerce Bancorp Inc. NJ COM 200519106 1,447,265 30,208 SOLE NONE 30208 Compania de Minas Buenaventurs S. A. COM 204448104 13,287,006 335,700 SOLE NONE 335700 Computer Horizons Corp. COM 205908106 5,750,485 1,554,185 SOLE NONE 1442585 111600 ConocoPhillips COM 20825C104 5,677,137 103,692 SOLE NONE 103692 Core Laboratories COM N22717107 12,282,370 874,190 SOLE NONE 848690 25500 Corn Products International, Inc. COM 219023108 3,185,000 100,000 SOLE NONE 100000 Covance Inc. COM 222816100 2,745,243 122,665 SOLE NONE 122665 Cross Timbers Royalty Trust COM 22757R109 4,119,990 196,190 SOLE NONE 196190 Crystallex International Corp. COM 22942F101 4,897,604 2,120,175 SOLE NONE 2120175 Cummins, Inc. COM 231021106 470,958 10,600 SOLE NONE 10600 Cytyc Corp. COM 232946103 7,053,950 469,950 SOLE NONE 439450 30500 Dana Corp Wts P/Stk COM 235811106 2,804,865 181,780 SOLE NONE 167080 14700 Datascope Corp. COM 238113104 1,875,140 61,000 SOLE NONE 61000 Del Monte Foods Co. COM 24522P103 5,343,594 613,501 SOLE NONE 613501 Dell Inc. COM 24702R101 2,810,622 84,100 SOLE NONE 84100 Delta & Pine Land Co. COM 247357106 8,353,781 363,050 SOLE NONE 336850 26200 Dendrite International Inc COM 248239105 4,478,100 295,000 SOLE NONE 295000 Devon Energy Corp COM 25179M103 12,536,033 260,138 SOLE NONE 260138 Dial Corp. COM 25247D101 1,486,260 69,000 SOLE NONE 69000 Diamonds Tr Unit Ser 1 COM 252787106 592,307 6,360 SOLE NONE 6360 Diebold, Inc. COM 253651103 2,927,570 57,800 SOLE NONE 57800 Dominion Res Inc./VA COM 25746U109 3,212,610 51,900 SOLE NONE 51900 Doral Financial Corp. COM 25811P100 411,250 8,750 SOLE NONE 8750 Dover Corp. COM 260003108 1,665,927 47,100 SOLE NONE 47100 Duke Realty Invts Inc Com New COM 264411505 300,760 10,300 SOLE NONE 10300 E I Du Pont De Nemours & Co. COM 263534109 3,130,182 78,235 SOLE NONE 78235 EFunds Corp COM 28224R101 10,054,002 812,773 SOLE NONE 734973 77800 EMC Corp. COM 268648102 27,763,266 2,198,200 SOLE NONE 2198200 Eastman Kodak COM 277461109 2,070,966 98,900 SOLE NONE 98900 Eli Lilly & Co. COM 532457108 579,150 9,750 SOLE NONE 9750 Emerson Electric Co. COM 291011104 588,522 11,178 SOLE NONE 11178 Energy Visions Inc. COM 292968104 700 10,000 SOLE NONE 10000 Ethan Allen Interiors, Inc. COM 297602104 1,202,400 33,400 SOLE NONE 33400 Exxon Mobil Corp. COM 30231G102 855,854 23,384 SOLE NONE 23384 FPL Group Inc COM 302571104 12,551,520 198,600 SOLE NONE 198600 Federal Signal Corp. COM 313855108 7,698,830 516,700 SOLE NONE 516700 Flowserve Corp. COM 34354P105 19,678,211 969,370 SOLE NONE 933770 35600 Foot Locker Inc. COM 344849104 2,399,220 148,100 SOLE NONE 148100 General Dynamics Corp. COM 369550108 310,367 3,976 SOLE NONE 3976 General Electric Co. COM 369604103 5,319,445 178,445 SOLE NONE 178445 General Growth Properties Inc. COM 370021107 11,265,002 157,113 SOLE NONE 157113 General Mills, Inc. COM 370334104 254,178 5,400 SOLE NONE 5400 Genuine Parts Co. COM 372460105 1,018,883 31,860 SOLE NONE 31860 Glamis Gold Ltd. COM 376775102 7,883,819 597,259 SOLE NONE 597259 Global Industries Ltd COM 379336100 8,177,585 1,793,330 SOLE NONE 1637830 155500 Graco Inc. COM 384109104 760,463 20,252 SOLE NONE 20252 Granite Construction Inc. COM 387328107 437,803 23,437 SOLE NONE 23437 Grey Global Group, Inc. COM 39787M108 670,529 881 SOLE NONE 881 Harley Davidson COM 412822108 1,453,230 30,150 SOLE NONE 30150 Haverty Furniture Inc. COM 419596101 310,760 17,000 SOLE NONE 17000 Hawaiian Electric Inds Inc COM 419870100 1,806,495 41,500 SOLE NONE 41500 Health Care Property Invs Inc COM 421915109 243,774 5,220 SOLE NONE 5220 Health Management Associates, Inc. COM 421933102 4,520,777 207,280 SOLE NONE 207280 Hercules Inc. COM 427056106 4,792,590 423,000 SOLE NONE 423000 Hewlett-Packard COM 428236103 453,992 23,450 SOLE NONE 23450 Hibernia Corp La Cl A COM 428656102 3,322,640 164,000 SOLE NONE 164000 Home Depot Inc. COM 437076102 5,535,371 173,795 SOLE NONE 173795 Honeywell International Inc. COM 438516106 12,725,337 482,935 SOLE NONE 482935 Hooper Holmes, Inc. COM 439104100 5,405,586 812,870 SOLE NONE 755670 57200 Hormel Foods COM 440452100 2,319,831 100,950 SOLE NONE 100950 Humana Inc COM 444859102 25,937,399 1,436,975 SOLE NONE 1410575 26400 IMPATH Inc. COM 45255G101 68,000 40,000 SOLE NONE 40000 IPC Holdings, Ltd. COM G4933P101 6,482,400 185,000 SOLE NONE 185000 IShares - Russell 2000 COM 464287655 4,309,020 44,400 SOLE NONE 44400 Illinois Tool Wks COM 452308109 490,722 7,406 SOLE NONE 7406 Impac Medical Sys Inc. COM 45255A104 357,800 20,000 SOLE NONE 20000 Independent Bank Corp. COM 453838104 419,992 14,344 SOLE NONE 14344 Infocus Corp. COM 45665B106 2,919,943 602,050 SOLE NONE 555350 46700 Input/Output Inc COM 457652105 2,446,487 625,700 SOLE NONE 625700 Int'l Business Machines COM 459200101 1,773,225 20,075 SOLE NONE 20075 Intel Corp. COM 458140100 676,221 24,572 SOLE NONE 24572 InterDent, Inc. COM 45865R208 1,867 46,666 SOLE NONE 46666 InterVoice, Inc. COM 461142101 3,123,900 351,000 SOLE NONE 351000 International Paper COM 460146103 270,877 6,942 SOLE NONE 6942 Interpublic Group of Cos. Inc. COM 460690100 13,925,850 986,250 SOLE NONE 986250 Interstate Bakeries COM 46072H108 1,470,000 98,000 SOLE NONE 98000 Intl Flavors & Fragrances COM 459506101 684,756 20,700 SOLE NONE 20700 Intl Multifoods Corp. COM 460043102 5,737,095 245,700 SOLE NONE 226800 18900 Intuitive Surgical, Inc. COM 46120E602 6,135,343 368,047 SOLE NONE 341597 26450 Ionics, Inc. COM 462218108 13,155,566 537,840 SOLE NONE 503140 34700 Ivax Corp. COM 465823102 10,117,324 516,190 SOLE NONE 479290 36900 JetBlue Airways Corp. COM 477143101 210,036 3,450 SOLE NONE 3450 Johnson & Johnson COM 478160104 10,505,123 212,139 SOLE NONE 212139 Kaydon Corp. COM 486587108 5,885,146 247,900 SOLE NONE 247900 Keane Corp COM 486665102 10,175,564 796,210 SOLE NONE 749610 46600 Kennametal, Inc. COM 489170100 9,189,180 245,700 SOLE NONE 245700 Kerr McGee COM 492386107 4,999,680 112,000 SOLE NONE 112000 Keyspan Corp. COM 49337W100 2,939,704 83,800 SOLE NONE 83800 Kimberly Clark Corp. COM 494368103 3,259,846 63,520 SOLE NONE 63520 Kinder Morgan Energy LP COM 494550106 3,239,960 75,700 SOLE NONE 75700 Kinder Morgan Management, LLC. COM 49455U100 744,849 19,514 SOLE NONE 19514 Kos Pharmaceuticals, Inc. COM 500648100 345,100 10,000 SOLE NONE 10000 Kraft Foods Inc COM 50075N104 265,500 9,000 SOLE NONE 9000 LTV Corp. New COM 501921100 90 10,000 SOLE NONE 10000 Lakeland Industries Inc. COM 511795106 634,831 53,482 SOLE NONE 53482 Landry's Restaurants, Inc. COM 51508L103 1,498,650 72,750 SOLE NONE 72750 Leggett & Platt Inc. COM 524660107 2,450,679 113,300 SOLE NONE 113300 Lexington Corp Properties Trust COM 529043101 3,099,194 161,753 SOLE NONE 161753 Longs Drug Stores Corp. COM 543162101 7,440,048 369,600 SOLE NONE 364500 5100 Longview Fibre Co. COM 543213102 2,227,560 228,000 SOLE NONE 228000 Lowe's Companies, Inc. COM 548661107 4,714,596 90,840 SOLE NONE 90840 MBNA Corp. COM 55262L100 1,839,162 80,665 SOLE NONE 80665 MagneTek, Inc. COM 559424106 4,504,500 910,000 SOLE NONE 910000 Manhattan Scientifics, Inc. COM 563122100 1,050 15,000 SOLE NONE 15000 Marshall & Ilsley Corp COM 571834100 200,656 6,366 SOLE NONE 6366 Masco Corp. COM 574599106 3,767,472 153,900 SOLE NONE 153900 Mattel Inc. COM 577081102 13,740,312 724,700 SOLE NONE 724700 McDonalds Corp. COM 580135101 5,666,502 240,718 SOLE NONE 240718 Mckesson Corp. New COM 58155Q103 1,504,708 45,200 SOLE NONE 45200 MeadWestvaco Corp. COM 583334107 458,337 17,974 SOLE NONE 17974 Medco Health Solutions Inc. COM 58405U102 298,788 11,523 SOLE NONE 11522.9 Medtronic Inc COM 585055106 3,969,432 84,600 SOLE NONE 84600 Mercantile Bankshares Corp. COM 587405101 3,932,000 98,300 SOLE NONE 98300 Merck & Co. COM 589331107 12,882,385 254,492 SOLE NONE 254492 Micheal Stores, Inc. COM 594087108 2,099,140 51,500 SOLE NONE 51500 Microsoft Corp. COM 594918104 7,172,039 257,987 SOLE NONE 257987 Mobile Mini, Inc. COM 60740F105 6,584,949 338,210 SOLE NONE 310810 27400 Molex Inc. COM 608554101 3,474,585 121,574 SOLE NONE 121574 Murphy Oil Corp. COM 626717102 28,085,438 478,050 SOLE NONE 478050 Mylan Laboratories Inc. COM 628530107 301,470 7,800 SOLE NONE 7800 National Commerce Financial Corp. COM 63545P104 3,843,960 154,500 SOLE NONE 154500 Newell Rubbermaid Inc. COM 651229106 4,068,543 187,750 SOLE NONE 187750 Newmont Mining Corp. COM 651639106 27,317,891 698,846 SOLE NONE 698846 Northrop Grumman Corp. COM 666807102 11,790,585 136,750 SOLE NONE 136750 Oceaneering Int'l COM 675232102 8,793,658 373,880 SOLE NONE 343180 30700 Office Depot Inc COM 676220106 305,588 21,750 SOLE NONE 21750 Offshore Logistics COM 676255102 775,460 38,200 SOLE NONE 35200 3000 Olin Corp COM 680665205 20,625,246 1,303,745 SOLE NONE 1277145 26600 Omnicare, Inc. COM 681904108 7,256,174 201,225 SOLE NONE 187225 14000 Openwave Systems Inc. COM 683718100 2,940,643 698,490 SOLE NONE 644390 54100 OrthoLogic Corp. COM 68750J107 543,000 100,000 SOLE NONE 100000 Pall Corp COM 696429307 8,126,197 362,130 SOLE NONE 338030 24100 PartnerRe Ltd. COM g6852t105 2,857,788 56,400 SOLE NONE 56400 Paxar Corp. COM 704227107 2,816,000 220,000 SOLE NONE 220000 PepsiAmericas Inc. COM 71343P200 1,601,870 110,550 SOLE NONE 110550 Pepsico Inc. COM 713448108 301,561 6,580 SOLE NONE 6580 Perrigo Co. COM 714290103 2,546,000 200,000 SOLE NONE 200000 Pfizer Inc. COM 717081103 737,748 24,284 SOLE NONE 24284 Pharmaceutical Product Development Inc. COM 717124101 7,526,383 313,730 SOLE NONE 293730 20000 Pharmacopeia Inc. COM 71713B104 3,437,255 270,650 SOLE NONE 259450 11200 Phelps Dodge COM 717265102 17,305,470 369,775 SOLE NONE 369775 Photoworks, Inc. COM 71940B109 170,184 405,200 SOLE NONE 405200 Plum Creek Timber Co - Dep Unit COM 729251108 506,256 19,900 SOLE NONE 19900 Polymer Group Inc. COM 731745105 2,860 26,000 SOLE NONE 26000 Powerwave Technologies, Inc. COM 739363109 8,176,562 1,231,410 SOLE NONE 1192210 39200 Priority Healthcare Corp. CL B COM 74264T102 5,586,617 271,195 SOLE NONE 252895 18300 Procter & Gamble COM 742718109 787,114 8,480 SOLE NONE 8480 Providian Financial corp. COM 74406A102 137,943 11,700 SOLE NONE 11700 Province Healthcare Co. COM 743977100 4,673,267 360,870 SOLE NONE 332970 27900 Proxim Corp. COM 744283102 2,309,997 1,539,998 SOLE NONE 1539998 Q-Med, Inc. COM 747914109 340,450 55,000 SOLE NONE 55000 QLT Inc. COM 746927102 159,900 10,000 SOLE NONE 10000 Quest Diagnostics Inc. COM 74834L100 3,286,688 54,200 SOLE NONE 54200 Questar Corp. COM 748356102 3,191,916 103,600 SOLE NONE 103600 Rayovac Corp. COM 755081106 13,585,300 930,500 SOLE NONE 885100 45400 Regions Financial Corp. COM 758940100 619,520 17,600 SOLE NONE 17600 RenaissanceRe Holdings LTD. COM G7496G103 1,437,345 31,500 SOLE NONE 31500 Renal Care Group, Inc. COM 759930100 512,250 15,000 SOLE NONE 15000 Rouse Company COM 779273101 2,497,830 59,900 SOLE NONE 59900 SAFECO Corp. COM 786429100 701,485 19,844 SOLE NONE 19844 SICOR Inc. COM 825846108 5,192,073 268,880 SOLE NONE 250580 18300 San Juan Basin Royalty Trust - UBI COM 798241105 470,080 26,000 SOLE NONE 26000 Schering-Plough Corp. COM 806605101 11,378,184 746,600 SOLE NONE 746600 Schlumberger Ltd. COM 806857108 2,741,473 56,642 SOLE NONE 56642 Schulman,A Inc. COM 808194104 6,948,124 437,815 SOLE NONE 424715 13100 Scientific Games Corp - A COM 80874P109 2,508,000 220,000 SOLE NONE 220000 Southern Co. COM 842587107 1,887,205 64,300 SOLE NONE 64300 Southwest Airlines Co. COM 844741108 273,235 15,437 SOLE NONE 15437 Spinnaker Exploration Co. COM 84855W109 8,704,680 362,695 SOLE NONE 334495 28200 Sprint Corp PCS Group COM 852061506 150,699 26,300 SOLE NONE 26300 Sprint Corp. COM 852061100 268,780 17,800 SOLE NONE 17800 St. Joe Co. COM 790148100 832,476 25,950 SOLE NONE 25950 St. Paul Companies Inc. COM 792860108 1,588,587 42,900 SOLE NONE 42900 Standard Register Co. COM 853887107 4,466,064 269,040 SOLE NONE 254940 14100 Standard and Poor's Dep. Rec. COM 78462F103 544,728 5,450 SOLE NONE 5450 Steelcase Inc. COM 858155203 16,959,430 1,439,680 SOLE NONE 1391180 48500 Sun Microsystems Inc COM 866810104 91,356 27,600 SOLE NONE 27600 Suntrust Banks Inc. COM 867914103 253,554 4,200 SOLE NONE 4200 Symbol Technologies Inc. COM 871508107 15,130,433 1,266,145 SOLE NONE 1266145 Synovus Financial Corp. COM 87161C105 1,429,078 57,186 SOLE NONE 57186 Sysco Corp. COM 871829107 8,046,137 245,984 SOLE NONE 245984 Systems & Computer Technology Corp COM 871873105 18,855,058 1,806,040 SOLE NONE 1756340 49700 TRC Companies COM 872625108 1,546,417 93,950 SOLE NONE 86450 7500 TXU Corp. COM 873168108 1,203,916 51,100 SOLE NONE 51100 Technology Solutions Co. COM 87872T108 662,355 538,500 SOLE NONE 538500 Tellabs Inc. COM 879664100 8,617,316 1,265,020 SOLE NONE 1265020 Temple-Inland Inc. COM 879868107 14,724,730 303,290 SOLE NONE 303290 Tetra Technologies COM 88162F105 4,596,899 222,934 SOLE NONE 203884 19050 Texas Instruments Inc. COM 882508104 761,406 33,395 SOLE NONE 33395 The Manitowoc Company, Inc. COM 563571108 4,869,405 224,500 SOLE NONE 224500 Theragenics Corp. COM 883375107 342,000 60,000 SOLE NONE 60000 Timken Co. COM 887389104 4,320,540 283,500 SOLE NONE 283500 Tower Automotive Inc. COM 891707101 2,250,000 500,000 SOLE NONE 500000 Tupperware Corp. COM 899896104 5,108,484 381,800 SOLE NONE 366100 15700 UTStarcom, Inc. COM 918076100 1,244,970 39,150 SOLE NONE 39150 Unisys Corp. COM 909214108 2,987,424 220,800 SOLE NONE 220800 United Health Group COM 91324P102 2,767,600 55,000 SOLE NONE 55000 United Parcel Service, Inc. COM 911312106 204,160 3,200 SOLE NONE 3200 Unitrin, Inc. COM 913275103 8,370,408 274,800 SOLE NONE 274800 Universal Display Corp COM 91347P105 253,516 24,400 SOLE NONE 24400 Unova Inc. COM 91529B106 10,613,705 724,485 SOLE NONE 702085 22400 Valmont Ind Inc COM 920253101 217,690 11,000 SOLE NONE 11000 Varco International Inc. COM 922122106 9,742,697 576,150 SOLE NONE 561050 15100 Verizon Communications COM 92343V104 1,671,568 51,528 SOLE NONE 51528 Viacom Inc - Cl B COM 925524308 1,341,075 35,015 SOLE NONE 35015 Viacom Inc Cl A COM 925524100 768,000 20,000 SOLE NONE 20000 Vicor Corp. COM 925815102 7,975,154 835,970 SOLE NONE 809870 26100 Visteon Corp. COM 92839U107 5,940,000 900,000 SOLE NONE 900000 Vulcan Materials Co. COM 929160109 379,145 9,500 SOLE NONE 9500 Wal-Mart Stores Inc. COM 931142103 669,083 11,980 SOLE NONE 11980 Walgreen Co. COM 931422109 456,444 14,897 SOLE NONE 14897 Walt Disney Production COM 254687106 275,643 13,666 SOLE NONE 13666 Weingarten Realty Investment COM 948741103 5,158,935 114,643 SOLE NONE 114643 Wellpoint Health Networks, Inc. COM 94973H108 2,595,515 33,673 SOLE NONE 33673 Westell Technologies Inc. COM 957541105 6,564,985 876,500 SOLE NONE 876500 Weyerhaeuser Co. COM 962166104 9,848,825 168,500 SOLE NONE 168500 Winn-Dixie Stores Inc. COM 974280109 1,775,600 184,000 SOLE NONE 184000 Wyeth COM 983024100 3,608,063 78,266 SOLE NONE 78266 XL Capital LTD - Class A COM G98255105 6,601,760 85,250 SOLE NONE 85250
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