13F-HR 1 d525852_13f-hr.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, 2004 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 15, 2004 ----------------------- -------------------------- ---------------------- [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: 359 Form 13F Information Table Value Total: $1,754,320 (thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE
VALUE SHR OR SH / PUT INVESTMNT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN /CALL DISCRETN MGRS SOLE SHARED NONE -------------- -------------- ----- ------- -------- -------- -------- ---- ---- ------ ---- IFC Capital Trust III PFD CV TR SECS 449498203 205 6000 SH Sole None 2000 4000 National Australia Bank CAP UTS EXCHBL 632525309 1542 45450 SH Sole None 45450 3Com Corp. COM 885535104 4054 960750 SH Sole None 960750 3M Co COM 88579Y101 4533 56680 SH Sole None 53030 3650 99 Cents Only Stores COM 65440K106 1774 124700 SH Sole None 124700 ATRoad Inc. COM 04648k105 72 17000 SH Sole None 17000 AFLAC Inc. COM 001055102 1730 44125 SH Sole None 44125 Abbott Lab COM 002824100 848 20011 SH Sole None 16250 3761 Agco Corp COM 001084102 8729 385900 SH Sole None 385900 Agile Software Corp. COM 00846x105 13886 1751130 SH Sole None 1637780 113350 Agilent Technologies, Inc. COM 00846U101 372 17262 SH Sole None 5190 12072 Agrium Inc. COM 008916108 178 10000 SH Sole None 10000 Alberto Culver Co. COM 013068101 1725 39677 SH Sole None 39677 Alcoa Inc. COM 013817101 21716 646504 SH Sole None 644448 2056 Alexander & Baldwin Inc. COM 014482103 6398 188500 SH Sole None 188500 Allstate Corp COM 020002101 21924 456850 SH Sole None 456850 Amazon.com Inc. COM 023135106 212 5200 SH Sole None 4900 300 Amerada Hess Corp COM 023551104 2670 30000 SH Sole None 30000 American Express Co. COM 025816109 800 15545 SH Sole None 12800 2745 American Int'l Group COM 026874107 5240 77064 SH Sole None 72189 4875 AmerisourceBergen Corp. COM 3.07E+108 228 4250 SH Sole None 4250 Amgen Inc. COM 031162100 3392 59705 SH Sole None 59505 200 Analysts Corp. COM 032681108 162 37000 SH Sole None 37000 Andrew Corp. COM 034425108 2472 202000 SH Sole None 202000 Anheuser Busch Co Inc. COM 035229103 950 19010 SH Sole None 19010 Apache Corp. COM 037411105 561 11194 SH Sole None 9984 1210 Apex Silver Mines Ltd. COM G04074103 26185 1206700 SH Sole None 1206700 Apollo Group Inc. COM 037604105 1876 25570 SH Sole None 25570 Ascential Software Corp. COM 04362P207 8322 617800 SH Sole None 564325 53475 Aspen Tech Inc. COM 045327103 5997 857980 SH Sole None 774280 83700 Autodesk Inc. COM 052769106 413 8500 SH Sole None 8500 Automatic Data Processing COM 053015103 4669 112997 SH Sole None 106500 6497 Autozone Inc. COM 053332102 209 2700 SH Sole None 2700 Avnet Inc. COM 053807103 1036 60500 SH Sole None 54500 6000 Baldor Electric Co COM 057741100 20113 850098 SH Sole None 802723 47375 Bank of New York COM 064057102 20468 701663 SH Sole None 701663 BankAmerica Corp. COM 060505104 1785 41198 SH Sole None 41198 Bard C. R., Inc COM 067383109 2260 39910 SH Sole None 39910 Barnes & Noble, Inc. COM 067774109 1717 46400 SH Sole None 46400 Barnes Group Inc. COM 067806109 2610 95000 SH Sole None 95000 Baxter International Inc. COM 071813109 1402 43590 SH Sole None 43590 Bed Bath & Beyond Inc. COM 075896100 2068 55725 SH Sole None 49475 6250 BellSouth Corp. COM 079860102 646 23819 SH Sole None 18324 5495 Bema Gold Corp. COM 08135F107 8039 2520000 SH Sole None 2520000 Berkshire-Hathaway, Inc. CL B 084670207 632 220 SH Sole None 220 Bio Imaging Technologies Inc. COM 09056N103 101 20600 SH Sole None 20600 Boeing Co. COM 097023105 28530 552700 SH Sole None 552700 Borders Group Inc. COM 099709107 2435 98200 SH Sole None 98200 Bristol Myers Squibb Co. COM 110122108 5163 218134 SH Sole None 213885 4249 Brooks Automation, Inc. COM 114340102 1887 133375 SH Sole None 120075 13300 C & D Technologies, Inc. COM 124661109 13662 718315 SH Sole None 642400 75915 C I G N A Corp. COM 125509109 25192 361800 SH Sole None 361800 CV Therapeutics, Inc. COM 126667104 510 40790 SH Sole None 40790 Cameco Corp. COM 13321L108 17829 225000 SH Sole None 225000 Canyon Resources Corp. COM 138869300 870 228832 SH Sole None 228832 Captaris Inc. COM 14071N104 3514 824890 SH Sole None 764525 60365 Caraco Pharmaceutical Labs Ltd COM 14075t107 131 17000 SH Sole None 17000 Cardinal Health Inc. COM 14149Y108 9198 210150 SH Sole None 210150 CardioDynamics Int'l Corp. COM 141597104 6331 1376320 SH Sole None 1265770 110550 Caterpillar Inc. COM 149123101 571 7100 SH Sole None 7100 Centene Corp. COM 15135B101 894 21005 SH Sole None 21005 Central Parking Corp. COM 154785109 139 10500 SH Sole None 10500 Cerner Corp COM 156782104 303 7000 SH Sole None 7000 Charles River Laboratories Int COM 159864107 695 15170 SH Sole None 15170 ChevronTexaco Corp. COM 166764100 11743 218914 SH Sole None 210166 8748 Chipmos Tech Bermuda COM G2110R106 98 14000 SH Sole None 14000 Cholestech Corp. COM 170393102 7010 1036955 SH Sole None 941475 95480 Chordiant Software, Inc. COM 170404107 145 50000 SH Sole None 50000 Church & Dwight Co. COM 171340102 219 7800 SH Sole None 7800 Ciber Inc. COM 17163B102 3571 474900 SH Sole None 427750 47150 Cincinnati Bell Inc. COM 171871106 261 74800 SH Sole None 74800 Cisco Systems Inc. COM 17275R102 16121 890680 SH Sole None 889080 1600 CitiGroup Inc. COM 172967101 3706 84006 SH Sole None 81927 2079 Coca-Cola Company COM 191216100 860 21468 SH Sole None 19600 1868 Colgate Palmolive Co. COM 194162103 4482 99200 SH Sole None 99000 200 CollaGenex Pharmaceuticals, In COM 19419B100 2942 449160 SH Sole None 411460 37700 Comfort Sys USA Inc COM 199908104 112 17000 SH Sole None 17000 Commerce Bancorp Inc. NJ COM 200519106 218 3950 SH Sole None 3950 Commonwealth Tel Enterprises COM 203349105 6523 149790 SH Sole None 135555 14235 Compania de Minas Buenaventurs SPON ADR 204448104 19791 833300 SH Sole None 833300 Computer Horizons Corp. COM 205908106 6730 1554310 SH Sole None 1419870 134440 ConocoPhillips COM 20825C104 6992 84398 SH Sole None 73223 11175 Convergys Corp. COM 212485106 219 16300 SH Sole None 16300 Corn Products International, I COM 219023108 4610 100000 SH Sole None 100000 Covance Inc. COM 222816100 690 17265 SH Sole None 17265 Coventry Health Care Inc. COM 222862104 2903 54400 SH Sole None 54400 Cray Inc. COM 225223106 79 22500 SH Sole None 22500 Cross Timbers Royalty Trust COM 22757R109 6742 203190 SH Sole None 203190 Crystallex International Corp. COM 22942F101 19567 5806100 SH Sole None 5802100 4000 Cytyc Corp. COM 232946103 575 23790 SH Sole None 23790 Danaher Corp. COM 235851102 262 5100 SH Sole None 5100 Datascope Corp. COM 238113104 2462 66000 SH Sole None 66000 Del Monte Foods Co. COM 24522P103 7888 752000 SH Sole None 752000 Dell Inc. COM 24702R101 3815 107175 SH Sole None 106775 400 Delta & Pine Land Co. COM 247357106 11936 446215 SH Sole None 405045 41170 Dendrite International Inc COM 248239105 2096 130000 SH Sole None 130000 Dentsply Int'l Inc. COM 249030107 1738 33460 SH Sole None 33460 Devon Energy Corp. COM 25179M103 22805 321147 SH Sole None 321147 Diamonds Tr UNIT SER 1 252787106 631 6260 SH Sole None 1000 5260 Diebold, Inc. COM 253651103 238 5100 SH Sole None 5100 Discovery Partners Intl. COM 254675101 77 16127 SH Sole None 16127 Disney, Walt Company COM 254687106 364 16120 SH Sole None 12500 3620 Dominion Res Inc./VA COM 25746U109 3083 47250 SH Sole None 47250 Doral Financial Corp. COM 25811P100 427 10300 SH Sole None 10300 Dover Corp. COM 260003108 1734 44600 SH Sole None 37000 7600 Du Pont De Nemours, I.E. & Co. COM 263534109 9106 212754 SH Sole None 211654 1100 Duke Realty Corp COM 264411505 299 9000 SH Sole None 4500 4500 EMC Corp. COM 268648102 6473 560880 SH Sole None 560880 El Paso Corp. COM 28336L109 221 24000 SH Sole None 24000 Emerson Electric Co. COM 291011104 903 14594 SH Sole None 13623 971 Enersys Inc. COM 29275Y102 161 12500 SH Sole None 12500 Enzon Pharmaceuticals COM 293904108 13548 849405 SH Sole None 784195 65210 Exult Inc. COM 302284104 3133 595700 SH Sole None 595700 Exxon Mobil Corp. COM 30231G102 5995 124049 SH Sole None 116865 7184 FPL Group Inc COM 302571104 14211 208000 SH Sole None 203200 4800 Federal National Mortgage Asso COM 313586109 395 6225 SH Sole None 6225 Federal Signal Corp. COM 313855108 12960 697500 SH Sole None 697500 Fifth Third Bancorp COM 316773100 246 5000 SH Sole None 5000 Finish Line Inc. COM 317923100 2915 94266 SH Sole None 94266 First Data Corp. COM 319963104 314 7209 SH Sole None 7100 109 Flowserve Corp. COM 34354P105 18159 751010 SH Sole None 706150 44860 Foot Locker Inc. COM 344849104 7099 299550 SH Sole None 299550 Forest Laboratories Inc. COM 345838106 1738 38660 SH Sole None 38660 Freeport McMoRan Copper & Gold COM 35671D857 5791 143000 SH Sole None 143000 Furniture Brand Intl. Inc. COM 360921100 477 19000 SH Sole None 19000 Gannett Co. Inc COM 364730101 226 2700 SH Sole None 2700 General Dynamics Corp. COM 369550108 355 3476 SH Sole None 1000 2476 General Electric Co. COM 369604103 10316 307210 SH Sole None 294300 12910 General Growth Properties Inc. COM 370021107 12947 417639 SH Sole None 417639 General Mills, Inc. COM 370334104 278 6200 SH Sole None 6200 Genuine Parts Co. COM 372460105 1196 31160 SH Sole None 15260 15900 Genzyme Corp. COM 372917104 207 3800 SH Sole None 3800 Getty Images, Inc. COM 374276103 2726 49300 SH Sole None 49300 Gillette Co. COM 375766102 418 10026 SH Sole None 8626 1400 Glamis Gold Ltd. COM 376775102 13317 711000 SH Sole None 711000 Global Industries Ltd COM 379336100 14443 2336990 SH Sole None 2076155 260835 GlobalSantaFe Corp. COM G3930E101 14908 486400 SH Sole None 486400 Goldman Sachs Group Inc. COM 38141G104 221 2370 SH Sole None 2370 Graco Inc. COM 384109104 878 26222 SH Sole None 26222 Graftech International Ltd COM 384313102 432 31000 SH Sole None 31000 Granite Construction Inc. COM 387328107 500 20937 SH Sole None 20937 Grey Global Group, Inc. COM 39787M108 280 281 SH Sole None 281 Guidant Corporation COM 401698105 427 6470 SH Sole None 6470 Harley Davidson Inc. COM 412822108 2812 47300 SH Sole None 47300 Haverty Furniture Inc. COM 419596101 249 14200 SH Sole None 14200 Hawaiian Electric Inds Inc COM 419870100 3572 134600 SH Sole None 134600 Health Management Associates, COM 421933102 3130 153205 SH Sole None 153205 Henry Schein, Inc. COM 806407102 1684 27030 SH Sole None 27030 Hercules Inc. COM 427056106 6127 430000 SH Sole None 430000 Hewlett-Packard Co. COM 428236103 2655 141585 SH Sole None 136235 5350 Hibernia Corp La COM 428656102 4754 180000 SH Sole None 180000 Home Depot Inc. COM 437076102 6783 173027 SH Sole None 163552 9475 Honeywell International Inc. COM 438516106 18630 519510 SH Sole None 519510 Hooper Holmes, Inc. COM 439104100 7810 1743410 SH Sole None 1574585 168825 IPC Holdings, Ltd. COM G4933P101 4352 114500 SH Sole None 114500 IShares - TR RUSSELL 2000 464287655 2977 26150 SH Sole None 26050 100 Illinois Tool Works Inc. COM 452308109 965 10356 SH Sole None 10356 Illumina Inc. COM 452327109 591 100000 SH Sole None 100000 Imax Corp COM 45245E109 78 13878 SH Sole None 13878 Impac Medical Sys Inc. COM 45255A104 581 43642 SH Sole None 43642 Independent Bank Corp. COM 453838104 299 11084 SH Sole None 11084 Indus International Inc. COM 45578L100 1475 933300 SH Sole None 842200 91100 Infocus Corp. COM 45665B106 4054 442595 SH Sole None 399445 43150 Informatica Corp. COM 45666Q102 10214 1745975 SH Sole None 1649475 96500 Input/Output Inc COM 457652105 8422 816900 SH Sole None 816900 Int'l Business Machines Corp. COM 459200101 4239 49435 SH Sole None 40560 8875 Intel Corp. COM 458140100 18987 946490 SH Sole None 926340 20150 InterVoice, Inc. COM 461142101 215 20000 SH Sole None 20000 International Paper Co. COM 460146103 293 7242 SH Sole None 3242 4000 Intl Flavors & Fragrances COM 459506101 726 19000 SH Sole None 3700 15300 Intuitive Surgical, Inc. COM 46120E602 777 31378 SH Sole None 31378 Ionics, Inc. COM 462218108 5951 220405 SH Sole None 199570 20835 Ivax Corp. COM 465823102 6451 336847 SH Sole None 307397 29450 J.P. Morgan Chase & Co. COM 46625H100 1794 45155 SH Sole None 45155 John Wiley & Sons COM 968223206 2828 88500 SH Sole None 88500 Johnson & Johnson COM 478160104 16508 293054 SH Sole None 279876 13178 K2 Inc. COM 482732104 143 10000 SH Sole None 10000 Kaydon Corp. COM 486587108 8561 297550 SH Sole None 296150 1400 Keane Corp COM 486665102 15922 1036565 SH Sole None 947260 89305 Kendle Int'l Inc. COM 48880L107 397 75000 SH Sole None 75000 Kennametal, Inc. COM 489170100 11184 247700 SH Sole None 247700 Kerr McGee COM 492386107 5565 97200 SH Sole None 97200 Keyspan Corp. COM 49337W100 3736 95300 SH Sole None 95300 Kinder Morgan Energy Partner VT LTD PARTNER 494550106 2653 56650 SH Sole None 56650 Kinder Morgan Inc. COM 49455p101 1876 29860 SH Sole None 29860 Kinder Morgan Management, LLC. COM 49455U100 1130 27226 SH Sole None 27226 Kohls Corp. COM 500255104 9493 197000 SH Sole None 197000 Kos Pharmaceuticals, Inc. COM 500648100 712 20000 SH Sole None 20000 Kraft Foods Inc. COM 50075N104 285 9000 SH Sole None 9000 Kroger Co. COM 501044101 3337 215000 SH Sole None 215000 L-3 Communications Holdings In COM 502424104 248 3700 SH Sole None 3700 LaBranche & Company COM 505447102 1428 169000 SH Sole None 169000 Lakeland Industries Inc. COM 511795106 1086 59572 SH Sole None 3000 56572 Landry's Restaurants, Inc. COM 51508L103 3187 116800 SH Sole None 116800 Leapfrog Enterprises CL A COM 52186N106 8088 399405 SH Sole None 363905 35500 Leggett & Platt Inc. COM 524660107 3184 113300 SH Sole None 113300 Lexington Corp Properties Trus COM 529043101 2198 101227.4 SH Sole None 101227.4 Lilly, Eli & Co. COM 532457108 970 16150 SH Sole None 13500 2650 Longs Drug Stores Corp. COM 543162101 5094 210500 SH Sole None 210500 Longview Fibre Co. COM 543213102 3995 262000 SH Sole None 262000 Lowe's Inc. COM 548661107 6930 127515 SH Sole None 127515 Lydall Inc. COM 550819106 139 15000 SH Sole None 15000 M & T Bank Corp. COM 55261F104 4460 46600 SH Sole None 46500 100 MBIA Inc. COM 55262C100 1003 17235 SH Sole None 16935 300 MBNA Corp. COM 55262L100 3290 130565 SH Sole None 130565 MagneTek, Inc. COM 559424106 7944 1063500 SH Sole None 1063500 Mantech International Corp. COM 564563104 4043 215970 SH Sole None 194370 21600 Marathon Oil Corp. COM 565849106 290 7034 SH Sole None 7034 Marsh & Mclennan Companies Inc COM 571748102 475 10388 SH Sole None 9900 488 Marshall & Ilsley Corp COM 571834100 230 5708 SH Sole None 5708 Masco Corp. COM 574599106 5211 150900 SH Sole None 150900 Material Sciences Corp. COM 576674105 135 10000 SH Sole None 10000 Mattel Inc. COM 577081102 14071 776100 SH Sole None 776100 McDonalds Corp. COM 580135101 679 24218 SH Sole None 20718 3500 McGraw Hill Companies Inc. COM 580645109 757 9500 SH Sole None 9500 MeadWestvaco Corp. COM 583334107 427 13374 SH Sole None 10374 3000 Medco Health Solutions Inc. COM 58405U102 579 18724.87 SH Sole None 18524.87 200 Medtronic Inc. COM 585055106 5858 112862 SH Sole None 112562 300 Mercantile Bankshares Corp. COM 587405101 4360 90900 SH Sole None 90900 Merck & Co. COM 589331107 34863 1056467 SH Sole None 1050967 5500 Michaels Stores, Inc. COM 594087108 3141 53050 SH Sole None 53050 Microsoft Corp. COM 594918104 25909 937040 SH Sole None 929752 7288 Microtek Medical Holdings COM 59515B109 96 30000 SH Sole None 30000 Mim Corp COM 553044108 691 120000 SH Sole None 120000 Mobile Mini, Inc. COM 60740F105 6349 256025 SH Sole None 229365 26660 Molex Inc. COM 608554101 3681 123449 SH Sole None 123449 Morgan Stanley COM 617446448 853 17310 SH Sole None 7090 10220 Motorola Inc. COM 620076109 254 14070 SH Sole None 14070 Murphy Oil Corp. COM 626717102 39971 460650 SH Sole None 460650 Mylan Laboratories Inc. COM 628530107 200 11100 SH Sole None 11100 National Commerce Financial Co COM 63545P104 5439 159000 SH Sole None 159000 Newell Rubbermaid Inc. COM 651229106 3660 182640 SH Sole None 182640 Newmont Mining Corp. COM 651639106 45311 995200 SH Sole None 987700 7500 Norfolk Southern Corp. COM 655844108 3960 133150 SH Sole None 133150 Northrop Grumman Corp. COM 666807102 480 9000 SH Sole None 9000 Occidental Petroleum Corp. COM 674599105 3540 63300 SH Sole None 63300 Oceaneering Int'l COM 675232102 15680 425630 SH Sole None 383840 41790 Odyssey Healthcare COM 67611v101 920 51825 SH Sole None 51825 Offshore Logistics COM 676255102 14739 428210 SH Sole None 390315 37895 Olin Corp COM 680665205 17016 850815 SH Sole None 850815 Omnicare, Inc. COM 681904108 992 34990 SH Sole None 32490 2500 Omnivision Technologies COM 682128103 170 12000 SH Sole None 12000 Oracle Corp. COM 68389X105 614 54450 SH Sole None 54450 Oregon Steel Mills Inc. COM 686079104 183 11000 SH Sole None 11000 OrthoLogic Corp. COM 68750J107 493 70000 SH Sole None 70000 OshKosh B'Gosh, Inc. COM 688222207 3276 161765 SH Sole None 144665 17100 PFSWeb Inc. COM 717098107 37 25000 SH Sole None 25000 Pall Corp COM 696429307 8858 361845 SH Sole None 331430 30415 PartnerRe Ltd. COM g6852t105 3582 65500 SH Sole None 65500 Patterson Companies Inc. COM 703395103 253 3300 SH Sole None 3300 Paxar Corp. COM 704227107 4082 180000 SH Sole None 180000 Penn Virginia Resource Partner COM 707884102 2008 50200 SH Sole None 50200 Peoples Bank Bridgeport Conn COM 710198102 214 6000 SH Sole None 6000 Pepsico Inc. COM 713448108 1109 22790 SH Sole None 22390 400 Perrigo Co. COM 714290103 4110 200000 SH Sole None 200000 Pfizer Inc. COM 717081103 20872 682078 SH Sole None 669431 12647 Pharmaceutical Product Develop COM 717124101 23802 661175 SH Sole None 618860 42315 Phelps Dodge COM 717265102 28351 308060 SH Sole None 308060 Phoenix Cos Inc New COM 71902E109 188 18000 SH Sole None 18000 Pioneer Drilling Company COM 723655106 126 15000 SH Sole None 15000 Playtex Products Inc. COM 72813P100 69 11000 SH Sole None 11000 Powerwave Technologies, Inc. COM 739363109 14966 2429480 SH Sole None 2286200 143280 Praxair Inc. COM 74005P104 214 5000 SH Sole None 5000 Priority Healthcare Corp COM 74264T102 16000 794025 SH Sole None 744610 49415 Procter & Gamble Co. COM 742718109 2433 44960 SH Sole None 36636 8324 Providian Financial corp. COM 74406A102 182 11700 SH Sole None 11700 Proxim Corp. COM 744283102 1295 1619000 SH Sole None 1619000 Prudential Financial, Inc. COM 744320102 1613 34300 SH Sole None 34300 Pure Cycle Corp. COM 746228303 4221 505555 SH Sole None 505555 Q-Med, Inc. COM 747914109 684 95000 SH Sole None 95000 QLT Inc. COM 746927102 166 10000 SH Sole None 10000 Qualcomm Inc. COM 747525103 867 22200 SH Sole None 15200 7000 Quest Diagnostics Inc. COM 74834L100 573 6500 SH Sole None 5700 800 Questar Corp. COM 748356102 3652 79700 SH Sole None 60300 19400 Raindance Communications Inc. COM 75086X106 4700 2993640 SH Sole None 2756090 237550 Rayovac Corp. COM 755081106 2387 90600 SH Sole None 90600 Reader's Digest Association In COM 755267101 235 16100 SH Sole None 16100 Regions Financial Corp. COM 7591EP100 894 27048 SH Sole None 27048 Regis Corp. Minn COM 758932107 217 5400 SH Sole None 5400 Renal Care Group, Inc. COM 759930100 322 10000 SH Sole None 10000 Rouse Company COM 779273101 3939 58900 SH Sole None 58900 SAFECO Corp. COM 786429100 696 15244 SH Sole None 2344 12900 San Juan Basin Royalty Trust - UNIT BEN INT 798241105 793 26000 SH Sole None 26000 Schering-Plough Corp. COM 806605101 8790 461200 SH Sole None 461200 Schlumberger Ltd. COM 806857108 8603 127812 SH Sole None 122112 5700 Schulman,A Inc. COM 808194104 5180 235025 SH Sole None 235025 Scientific Games Corp - A COM 80874P109 3629 190000 SH Sole None 190000 Service Corp International COM 817565104 5409 871000 SH Sole None 871000 Sonoco Products Co. COM 835495102 6515 246400 SH Sole None 246400 Southern Co. COM 842587107 2278 76000 SH Sole None 76000 Southtrust Corp. COM 844730101 5522 132550 SH Sole None 132550 Southwest Airlines Co. COM 844741108 11145 818250 SH Sole None 805500 12750 Sprint Corp. COM 852061100 824 40950 SH Sole None 40950 St. Joe Co. COM 790148100 1125 23550 SH Sole None 13000 10550 SPDR TR UNIT SER 1 78462F103 647 5791 SH Sole None 2441 3350 Staples Inc. COM 855030102 923 30950 SH Sole None 29000 1950 Steelcase Inc. COM 858155203 22307 1593380 SH Sole None 1525235 68145 Steris Corp. COM 859152100 211 9604 SH Sole None 9500 104 Sun Microsystems Inc. COM 866810104 88 21800 SH Sole None 9800 12000 SunGuard Data Systems Inc. COM 867363103 208 8770 SH Sole None 8770 SunTrust Banks, Inc. COM 867914103 282 4000 SH Sole None 4000 Symantec Corp COM 871503108 285 5200 SH Sole None 5200 Symbol Technologies Inc. COM 871508107 15261 1207393 SH Sole None 1189215 18178 Synovis Life Techs Inc. COM 87162G105 3940 412140 SH Sole None 374540 37600 Synovus Financial Corp. COM 87161C105 1514 57886 SH Sole None 45562 12324 Sysco Corp. COM 871829107 8192 273784 SH Sole None 267800 5984 TRC Inc. COM 872625108 11762 626650 SH Sole None 569840 56810 TXU Corp. COM 873168108 21099 440300 SH Sole None 438400 1900 Target Corp. COM 87612E106 1615 35685 SH Sole None 34075 1610 Tellabs Inc. COM 879664100 17151 1866265 SH Sole None 1866265 Temple-Inland Inc. COM 879868107 19124 284790 SH Sole None 284790 Tetra Technologies COM 88162F105 11232 361728.5 SH Sole None 329943.5 31785 Teva Pharmaceutical Ind. Ltd s ADR 881624209 234 9000 SH Sole None 9000 Texas Instruments Inc. COM 882508104 966 45395 SH Sole None 45395 Manitowoc Inc. COM 563571108 9447 266400 SH Sole None 266400 Theragenics Corp. COM 883375107 3365 921970 SH Sole None 836080 85890 Thor Industries Inc. COM 885160101 3703 139900 SH Sole None 139900 Tidewater Inc. COM 886423102 12418 381500 SH Sole None 346160 35340 Tier Techs Inc. COM 88650Q100 7881 816710 SH Sole None 730225 86485 Timken Co. COM 887389104 6931 281500 SH Sole None 281500 Toro COM 891092108 246 3600 SH Sole None 3600 Tower Automotive Inc. COM 891707101 6090 2913640 SH Sole None 2836715 76925 Transocean Inc. ORD G90078109 242 6771 SH Sole None 6771 Tribune Co. COM 896047107 1071 26025 SH Sole None 26025 Tupperware Corp. COM 899896104 11673 687435 SH Sole None 646925 40510 Tyco International Ltd. COM 902124106 1133 36950 SH Sole None 36450 500 UTStarcom, Inc. COM 918076100 1417 87950 SH Sole None 87950 Unisys Corp. COM 909214108 3517 340800 SH Sole None 340800 United Health Group Inc. COM 91324P102 5070 68750 SH Sole None 68350 400 United Parcel Service, Inc. COM 911312106 630 8300 SH Sole None 5200 3100 Unitrin, Inc. COM 913275103 11347 272950 SH Sole None 272950 Unova Inc. COM 91529B106 2950 210000 SH Sole None 210000 Varco International Inc. COM 922122106 240 8950 SH Sole None 8950 Vastera Inc. COM 92239n109 3108 1755690 SH Sole None 1584865 170825 Verizon Communications COM 92343V104 1481 37602 SH Sole None 33188 4414 Viacom Inc. COM 925524308 316 9419 SH Sole None 9419 Vicor Corp. COM 925815102 4800 474800 SH Sole None 474800 Vistacare Inc. COM 92839y109 306 20000 SH Sole None 20000 Visteon Corp. COM 92839U107 9444 1182000 SH Sole None 1182000 Vulcan Materials Company COM 929160109 484 9500 SH Sole None 7100 2400 Wachovia Corp. COM 929903102 268 5700 SH Sole None 5700 Wal-Mart Stores Inc. COM 931142103 3019 56743 SH Sole None 52725 4018 Walgreen Co. COM 931422109 1411 39375 SH Sole None 25375 14000 Washington Mutual Inc. COM 939322103 358 9150 SH Sole None 6650 2500 WebMD Corp. COM 94769M105 104 15000 SH Sole None 15000 Weingarten Realty Investment SH BEN INT 948741103 5832 176686 SH Sole None 176686 Wellpoint Health Networks, Inc COM 94973H108 3013 28675 SH Sole None 28675 Wells Fargo & Co. COM 949746101 382 6400 SH Sole None 6400 Westell Technologies Inc. COM 957541105 4728 914500 SH Sole None 914500 Weyerhaeuser Co. COM 962166104 14885 223900 SH Sole None 223400 500 Whole Foods Market Inc. COM 966837106 309 3600 SH Sole None 3600 Wilson Greatbatch Tech COM 972232102 179 10000 SH Sole None 10000 Winn-Dixie Stores Inc. COM 974280109 2891 935500 SH Sole None 932500 3000 Wyeth COM 983024100 456 12200 SH Sole None 12200 Xerox Corporation COM 984121103 8858 629100 SH Sole None 627000 2100 YAHOO! Inc. COM 984332106 475 14000 SH Sole None 14000 Zenith National Ins Corp COM 989390109 3258 77000 SH Sole None 77000 Zimmer Holdings, Inc. COM 98956P102 269 3400 SH Sole None 3400 eBay Inc. COM 278642103 386 4200 SH Sole None 4200
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