13F-HR 1 ari2q04hr.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F HOLDINGS REPORT Report for the Quarter Ended June 30, 2004 ADVISORY RESEARCH, INC. FORM 13F INFOMRATION TABLE NAME OF ISSUER TITLE CUSIP VALUE SH/P INV VOTE OF CLASS (K) AMT DSC AUTH 3M COMPANY COMMON 88579Y101 17382 193116 SOLE SOLE ACMAT CORP CL A 004616207 294 23100 SOLE SOLE AETNA INC COMMON 008117103 966 36400 SOLE SOLE AEW REAL ESTATE COMMON 00104H107 434 26900 SOLE SOLE AIRNET SYSTEMS COMMON 009417106 375 83700 SOLE SOLE ALASKA PAC BKSHRS COMMON 011757101 705 38295 SOLE SOLE ALLTEL CORP COMMON 020039103 1164 23200 SOLE SOLE ALPENA BNCSHRS INC COMMON 020584108 364 20500 SOLE SOLE AMBASSADORS INTL COMMON 023178106 2126 166236 SOLE SOLE AMEREN CORP UT ADJ E 023608201 1128 42600 SOLE SOLE AMERICAN ELEC PWR EQY UT 025537200 1106 25100 SOLE SOLE AMERICAN EXPRESS COMMON 025816109 9152 178127 SOLE SOLE AMERICAN GEN CAP TOPRS7.7 02638N105 977 38900 SOLE SOLE AMERICAN INTL GRP COMMON 026874107 16801 235712 SOLE SOLE AMERICAN PAC CORP COMMON 028740108 4912 632209 SOLE SOLE AMER PHYS SVCS GRP COMMON 028882108 382 39800 SOLE SOLE AMERIGAS PARTNERS UT LTD 030975106 966 37200 SOLE SOLE AMERIVEST PPTYS COMMON 03071L101 1180 200300 SOLE SOLE AMPCO-PITTSBURG COMMON 032037103 607 47200 SOLE SOLE AMREP CORP COMMON 032159105 1633 78700 SOLE SOLE ANDERSONS INC COMMON 034164103 1930 114000 SOLE SOLE ANHEUSER BUSCH INC COMMON 035229CP6 15155 280658 SOLE SOLE APACHE CORP COMMON 037411105 709 16277 SOLE SOLE APRTMNT INV MNGT CL A 03748R101 1899 61018 SOLE SOLE APPLE COMPUTERS COMMON 037833100 224 6888 SOLE SOLE ATLANTIC AMERICAN COMMON 048209100 727 263400 SOLE SOLE ATLAS PIPELINE LP 049392103 1113 30900 SOLE SOLE AUDIOVOX CORP CL A 050757103 9871 584753 SOLE SOLE AULT INC COMMON 051503100 276 91900 SOLE SOLE AUTO DATA PROC COMMON 053015103 14495 346107 SOLE SOLE AVALON HLDGS CORP CL A 05343P109 862 297300 SOLE SOLE AVALONBAY CMTYS PFD H 053484705 904 33500 SOLE SOLE AVATAR HLDINGS INC COMMON 053494100 20200 485578 SOLE SOLE AVIALL INC COMMON 05366B102 13375 703567 SOLE SOLE BANK OF AMERICA COMMON 060505104 584 6897 SOLE SOLE BANK MUTUAL CORP COMMON 063750103 38556 3537223 SOLE SOLE BANK ONE CAP I PFD 06421B202 972 38200 SOLE SOLE BCSB BANKCORP COMMON 054948104 382 28000 SOLE SOLE BEAR STEARNS CAP TR PFD 07384T206 539 20500 SOLE SOLE BEAR STERNS CO INC COMMON 073902108 16170 191795 SOLE SOLE BELL INDUSTRIES COMMON 078107109 612 204000 SOLE SOLE BELL MICROPRODUCTS COMMON 078137106 267 33000 SOLE SOLE BERKSHIRE HATH COMMON 084670108 445 5 SOLE SOLE BERKSHIRE HATH CL B 084670207 975 330 SOLE SOLE BLACKROCK PFD OPP COMMON 09249V103 412 18600 SOLE SOLE BOCA RESORTS CL A 09688T106 2737 138120 SOLE SOLE BOISE CASCADE CORP ADJ 097383855 1229 23300 SOLE SOLE BON TON STORES COMMON 09776J101 4675 318884 SOLE SOLE BOOKS A MILLION COMMON 098570104 1035 175100 SOLE SOLE BOSS HOLDINGS INC COMMON 10011B101 608 91470 SOLE SOLE BRE PPTYS PFD 05564E403 936 35800 SOLE SOLE BROOKLINE BANCORP COMMON 11373M107 50579 3447772 SOLE SOLE CALIF CSTAL CMNTYS COMMON 129915203 10849 542800 SOLE SOLE CAPITAL TRUST COMMON 14052H100 5448 203911 SOLE SOLE CARDINAL HEALTH COMMON 14149Y108 15582 222436 SOLE SOLE CARRIZO OIL&GAS COMMON 144577103 13745 1346253 SOLE SOLE CARVER BANCORP INC COMMON 146875109 1422 71100 SOLE SOLE CENDANT CORP UPPR DES 151313889 1136 22400 SOLE SOLE CENTERPOINT ENERGY COMMON 15189T107 75558 6570250 SOLE SOLE CENTURYTEL INC COMMON 156700403 1204 48500 SOLE SOLE CHASE CAP VIII PFD H 16147R209 192 7200 SOLE SOLE CHEVIOT FINL CORP COMMON 166774109 994 94200 SOLE SOLE CHGO RIVIT&MACHINE COMMON 168088102 515 18700 SOLE SOLE CINERGY CORP INCOME 172474207 1094 18400 SOLE SOLE CIT GROUP INC COMMON 125581108 36560 954832 SOLE SOLE CITIGROUP GLBL MKT SEQUINS 173073834 1095 104800 SOLE SOLE CITIGROUP INC COMMON 172967101 16955 364626 SOLE SOLE CITIZENS FRST BANK COMMON 17461R106 1863 79210 SOLE SOLE CLEVELAND ELEC TR PFD 186127205 996 37200 SOLE SOLE COACHMAN INDS INC COMMON 189873102 1576 98550 SOLE SOLE COAST DISTR SYSTMS COMMON 190345108 1991 266200 SOLE SOLE COBRA ELECTRS CORP COMMON 191042100 3056 337700 SOLE SOLE COHEN&STEERS ADV COMMON 19247W102 453 26000 SOLE SOLE COHEN&STEERS PREM COMMON 19247V104 445 25500 SOLE SOLE COHEN&STEERS REIT COMMON 19247X100 435 18800 SOLE SOLE COLONIAL PPTYS INC PFD 195872403 915 35700 SOLE SOLE COMMERCIAL METALS COMMON 201723103 6546 201720 SOLE SOLE COMMONWEALTH TEL COMMON 203349105 31424 701906 SOLE SOLE COMMUNICATION SYS COMMON 203900105 1189 148400 SOLE SOLE COMMUNITY BK SHS COMMON 203599105 298 13100 SOLE SOLE CONOCOPHILLIPS COMMON 20825C104 254 3331 SOLE SOLE COST U LESS INC COMMON 221492101 1096 182700 SOLE SOLE CPAC INC COMMON 126145101 1115 189000 SOLE SOLE CROSS A T CO CL A 227478104 908 190400 SOLE SOLE CROSS TIMBERS RTY TR UNT 22757R109 1087 33300 SOLE SOLE CT COMMUNICATIONS COMMON 126426402 26055 1731248 SOLE SOLE D&K HEALTHCARE RES COMMON 232861104 400 33300 SOLE SOLE DELL COMPUTER COMMON 247025109 1224 34186 SOLE SOLE DELTA PETE CORP COMMON 247907207 1536 114200 SOLE SOLE DETROIT EDISON CO QUIDS 250847712 949 38200 SOLE SOLE DEVELOPER DIV RLTY PFD 251591871 939 36400 SOLE SOLE DEVON ENERGY CORP COMMON 25179M103 17659 267567 SOLE SOLE DISNEY WALT PRDCTN COMMON 254687106 411 16144 SOLE SOLE DOMINION RES INC UPR DECS 25746U406 1115 20800 SOLE SOLE DONEGAL GROUP INC COMMON 257701201 1034 51700 SOLE SOLE DOVER MOTORSPORTS COMMON 260174107 472 118000 SOLE SOLE DUKE POWER CO COMMON 264399106 245 12086 SOLE SOLE DUKE REALTY CORP PFD 264411810 982 38000 SOLE SOLE DUTCHFORK BNCSHRS COMMON 26704P108 1220 31563 SOLE SOLE EDELBROCK CORP COMMON 279434104 1044 63600 SOLE SOLE EDWARDS AG INC COMMON 281760108 37945 1115040 SOLE SOLE EFC BANCORP COMMON 268423100 916 39400 SOLE SOLE EMERSON ELEC CO COMMON 291011104 250 3937 SOLE SOLE ENESCO GROUP INC COMMON 292973104 710 79200 SOLE SOLE EQUITY OFFCE PPTYS PFD 294741871 923 36200 SOLE SOLE EQUITY OIL CO COMMON 294749106 1304 284800 SOLE SOLE EQUITY RESIDENTIAL DP 29476305 982 37600 SOLE SOLE EQUITY RES PTYS TR SHBEN 29476L107 583 19627 SOLE SOLE EQUITY RES PTYS TR PFD E 29476l883 786 23830 SOLE SOLE ERIE FAM LIFE INS COMMON 295242101 1025 32700 SOLE SOLE ESPEY MFG & ELEC COMMON 296650104 1853 81100 SOLE SOLE EVERGREEN RES COMMON 299900308 74185 1836255 SOLE SOLE EVERTRUST FNCL COMMON 300412103 638 25100 SOLE SOLE EXXON MOBIL COMMON 30231G102 354 7968 SOLE SOLE FED SCREW WORKS COMMON 313819104 1226 33775 SOLE SOLE FINISH LINE INC CL A 317923100 1611 53400 SOLE SOLE FRST AVIATION SVCS COMMON 31865W108 517 121700 SOLE SOLE FRST DEFIANCE FINL COMMON 32006W106 683 30900 SOLE SOLE FIRST FED BANCSHRS COMMON 32021B103 322 11892 SOLE SOLE FRST PACTRUST BANC COMMON 33589V101 2112 95022 SOLE SOLE FIRSTFED FINCL COMMON 337907109 46212 1110870 SOLE SOLE FLEET CAP TR VI PFD TOP 33889T202 1005 38000 SOLE SOLE FORTUNE BRANDS INC COMMON 349631101 16681 221144 SOLE SOLE FPL GROUP INC CORP 302571401 1261 23000 SOLE SOLE FPL GROUP INC COMMON 302571104 238 3726 SOLE SOLE FRZN FOOD EXPRESS COMMON 359360104 1586 232500 SOLE SOLE GABELLI ASSET MGMT INC PRI 362394201 1088 40700 SOLE SOLE GANNETT INC COMMON 364730101 14922 175863 SOLE SOLE GENERAL ELEC COMMON 369604103 15724 485320 SOLE SOLE GENERAL MLS COMMON 370334104 291 6120 SOLE SOLE GENESIS HEALTH COMMON 37183F107 57715 1987449 SOLE SOLE GENWORTH FINL INC CL A 372470106 17963 782690 SOLE SOLE GILLETTE CO COMMON 375766102 17319 408462 SOLE SOLE GOLDEN WEST FINL COMMON 381317106 13954 131206 SOLE SOLE GOODRICH PETE CORP COMMON 382410405 1662 200500 SOLE SOLE GOODYS FAM CLTHING COMMON 382588101 842 81200 SOLE SOLE GREENE CNTY BANCRP COMMON 394357107 598 18600 SOLE SOLE GRIFFIN NURSERIES COMMON 398231100 1545 61700 SOLE SOLE HAGGAR CORP COMMON 405173105 2570 128548 SOLE SOLE HANCOCK JOHN PFD COMMON 41021P103 412 18800 SOLE SOLE HANCOCK JOHN PFD COMMON 41013X106 423 18300 SOLE SOLE HANOVER FOODS CORP CL A 41078W100 1030 12564 SOLE SOLE HARDINGE BROS INC COMMON 412324303 1217 101900 SOLE SOLE HLTHCARE REIT INC PFD SR D 42217K304 766 30600 SOLE SOLE HLTHCARE SVCS GRP COMMON 421906108 9290 607213 SOLE SOLE HECTOR COMMUNICTNS COMMON 422730101 2618 126500 SOLE SOLE HF FINANCIAL CORP COMMON 404172108 776 50540 SOLE SOLE HILFGIGER TOMMY US GTD PFD 430908202 968 37500 SOLE SOLE HILTON HOTELS CORP PFD 432848307 1004 38600 SOLE SOLE HUDSON CITY BANC COMMON 443683107 20340 608261 SOLE SOLE I B M COMMON 459200101 13292 150793 SOLE SOLE ILLINOIS TOOLWKS COMMON 452308109 19065 198825 SOLE SOLE ING CAP FDG TR GTD TR 449788108 427 31300 SOLE SOLE INTNL ALUM CORP COMMON 458884103 1053 36200 SOLE SOLE INTNL GAME TECH COMMON 459902102 15485 401173 SOLE SOLE INTRAWEST CORP COMMON 460915200 30814 1931918 SOLE SOLE IONICS INC COMMON 462218108 43630 1544420 SOLE SOLE ISRAMCO INC COMMON 465141406 289 45025 SOLE SOLE J ALEXANDER CORP COMMON 466096104 2014 252100 SOLE SOLE JP MORGAN CHASE TR PFD 46623C202 950 36600 SOLE SOLE JP MORGAN CHASE CO COMMON 46625H100 17629 454714 SOLE SOLE JEFFERIES GROUP COMMON 472319102 47104 1523404 SOLE SOLE JOHN HANCOCK PFD SH BEN 41013W108 419 18000 SOLE SOLE JOHNSON&JOHNSON COMMON 478160104 13517 242670 SOLE SOLE KB HOME COMMON 48666K109 239 3482 SOLE SOLE KEYSPAN CORP CORP 49337W407 1127 21800 SOLE SOLE K-FED BANCORP COMMON 482465101 1546 121300 SOLE SOLE LANDAMERICA FINL COMMON 514936103 37129 953728 SOLE SOLE LAUDER ESTEE COS CL A 518439104 16459 337411 SOLE SOLE LEE ENTERPRISES CL B CNV 523768208 15394 320700 NONE NONE LEUCADIA NATL COMMON 527288104 41671 838454 SOLE SOLE LINCOLN BANCORP COMMON 532879103 1028 56300 SOLE SOLE LONGS DRUG STORES COMMON 543162101 17703 741660 SOLE SOLE LONGVIEW FIBRE CO COMMON 543213102 42278 2870220 SOLE SOLE LSB CORP COMMON 50215P100 560 35000 SOLE SOLE LYDALL INC COMMON 550819106 337 34500 SOLE SOLE MAF BANCORP COMMON 55261R108 39669 929446 SOLE SOLE MAIR HOLDINGS INC COMMON 560635104 1171 143469 SOLE SOLE MANCHESTER TECH COMMON 562398107 492 104800 SOLE SOLE MARQUETTE NATL CRP COMMON 571599109 630 500 SOLE SOLE MARSHALL&ILSLEY COMMON 571834100 463 11846 SOLE SOLE MAUI LD&PINEAPPLE COMMON 577345101 2060 60600 SOLE SOLE MBIA INC PINES 8% 55262C308 623 23500 SOLE SOLE MBNA CAP E PFD 55270B201 960 36900 SOLE SOLE MEADOWBROOK INS GR COMMON 58319P108 2300 433900 SOLE SOLE MERCK & CO INC COMMON 589331107 389 8188 SOLE SOLE MERRILL LYNCH & CO PFD A 589331107 960 36700 SOLE SOLE MERRILL LYNCH PFD CAP TR 59021C203 769 28800 SOLE SOLE MGIC INVSTMNT CORP COMMON 552848103 16138 212739 SOLE SOLE MICROSOFT COMMON 594918104 14695 514518 SOLE SOLE MODINE MFG CO COMMON 607828100 42018 1319246 SOLE SOLE MONARCH CEM CO COMMON 609031109 292 12821 SOLE SOLE MONDAVI RBRT CORP CL A 609200100 4605 124400 SOLE SOLE MONSANTO CO COMMON 61166W101 16110 418434 SOLE SOLE MOTORCAR PARTS INC COMMON 620071100 5209 557100 SOLE SOLE MOTOROLA INC SEC UNT 620076208 1170 23700 SOLE SOLE MOVADO GROUP INC COMMON 624580106 2612 151400 SOLE SOLE NTNWIDE FINL SVCS TR PFD 63861E204 948 38700 SOLE SOLE NAVIGATORS GROUP COMMON 638904102 1693 58600 SOLE SOLE NEUBERGER BERMAN COMMON 64126G109 466 29100 SOLE SOLE NOKIA CORP COMMON 654902204 11211 771053 SOLE SOLE NOLAND CO COMMON 655286102 742 11100 SOLE SOLE NRTHRN BORDER PRTN COMMON 667328108 1130 28300 SOLE SOLE O I CORP COMMON 670841105 1875 208300 SOLE SOLE OCTEL CORP COMMON 675727101 958 36400 SOLE SOLE OIL DRI CORP COMMON 677864100 3130 187460 SOLE SOLE ONEOK INC CORP UNT 682680202 1099 37900 SOLE SOLE ORACLE SYS CORP COMMON 68389X105 257 21516 SOLE SOLE OSTEOTECH INC COMMON 688582105 1433 220827 SOLE SOLE PARADISE INC COMMON 699058103 210 10125 SOLE SOLE PARK BANCORP COMMON 700164106 1173 38100 SOLE SOLE PATHFINDER BANCORP COMMON 70320A103 288 19200 SOLE SOLE PATINA OIL & GAS COMMON 703224105 59449 1990261 SOLE SOLE PATRICK INDS INC COMMON 703343103 639 63925 SOLE SOLE PENNEY JC INC COMMON 708160106 18175 481336 SOLE SOLE PEPBOYS MANNYMOJAC COMMON 713278109 5678 224004 SOLE SOLE PEPSICO INC COMMON 713448108 16163 299981 SOLE SOLE PFIZER INC COMMON 717081103 12712 370845 SOLE SOLE PIONEER NAT RES COMMON 723787107 60784 1732714 SOLE SOLE PLAINS ALL AMER LP 726503105 29554 885394 SOLE SOLE PLAINS EXPLORATION COMMON 726505100 73164 3987152 SOLE SOLE PLUM CREEK TIMBER COMMON 729251108 8042 246850 SOLE SOLE POST PPTYS INC PFD 737464206 643 11800 SOLE SOLE PRF INCME STRATEGY COMMON 74038E100 406 19100 SOLE SOLE PRIMA ENERGY COMMON 741901201 25933 655372 SOLE SOLE PROGRESS ENERGY COMMON 743263105 303 688 SOLE SOLE PROVIDNCE WRCESTER COMMON 743737108 1094 104200 SOLE SOLE PROVIDENT FINCL COMMON 74386T105 44459 2533310 SOLE SOLE PS BUSINESS PKS DEP SH 69360J503 946 35600 SOLE SOLE PSB BANCORP INC COMMON 693604100 1889 187400 SOLE SOLE PUBLIC STORAGE INC DEPOS 74460D687 987 38500 SOLE SOLE PUBLIC SVS ENTRPRS CORP 744573304 1041 18400 SOLE SOLE QUICKSILVER RES COMMON 74837R104 48345 1441620 SOLE SOLE R & B INC COMMON 749124103 844 43100 SOLE SOLE RAILAMERICA INC COMMON 750753105 39055 2674980 SOLE SOLE REALESTATE INC FD COMMON 755881109 439 27400 SOLE SOLE RECKSON ASSOC RLTY PFD 75621K205 1164 44600 SOLE SOLE ROME BANCORP COMMON 775877103 1111 35850 SOLE SOLE RTI INTL METALS COMMON 74973W107 1279 80200 SOLE SOLE S&K FAMOUS BRANDS COMMON 783774102 1581 95400 SOLE SOLE SADLIER WILLIAMS COMMON 786327106 551 20000 SOLE SOLE SANTAFE ENERGY TR REPDEP 802013102 1080 37600 SOLE SOLE SAUCANY INC COMMON 804120202 2692 127656 SOLE SOLE SCHEID VINEYARDS CL A 806403101 646 126100 SOLE SOLE SCHULMAN A INC COMMON 808194104 21115 982570 SOLE SOLE SCHWAB CHARLES COMMON 808513105 440 45791 SOLE SOLE SCUDDER RREEF RLESTCOMMON 81119Q100 463 25400 SOLE SOLE SEMPRA ENERGY CORP INC FD 816851208 1227 40500 SOLE SOLE SERVICE BANCORP COMMON 81756X103 479 18800 SOLE SOLE SHENANDOAH TEL COMMON 82312B106 1532 57300 SOLE SOLE SHERWIN WILLIAMS COMMON 824348106 269 6475 SOLE SOLE SHURGARD STORAGE PFD 82567D401 954 36500 SOLE SOLE SIMON PPTY GROUP PFD F 828806604 1024 39100 SOLE SOLE SLM CORPORATION COMMON 78442P106 13467 332943 SOLE SOLE SOUND FED BANCORP COMMON 83607V104 1095 81623 SOLE SOLE SPDR TRUST UNT SER1 78462F103 8371 73094 SOLE SOLE STIFEL FINL COMMON 860630102 7921 291231 SOLE SOLE STRATEGIC DISTR COMMON 862701307 1761 133907 SOLE SOLE STRYKER CORP COMMON 863667101 16939 307985 SOLE SOLE SUPERIOR UNIFORM COMMON 868358102 1435 90300 SOLE SOLE SUPREME INDS INC COMMON 868607102 948 147250 SOLE SOLE SWS GROUP INC COMMON 78503N107 25965 1697040 SOLE SOLE SYKES ENTERPRISES COMMON 871237103 1095 144305 SOLE SOLE SYNERGY FINL GRP COMMON 87162V102 1169 115000 SOLE SOLE SYSTEMAX INC COMMON 871851101 799 119200 SOLE SOLE TANDY BRANDS COMMON 875378101 2661 197118 SOLE SOLE TECH DATA CORP COMMON 878237106 50288 1285155 SOLE SOLE TECHE HLDG CO COMMON 878330109 859 22600 SOLE SOLE TELEPHONE DATA SYS SER A 879433878 965 38500 SOLE SOLE TEPPCO PRTNRS LP UT LP 872384102 1047 27500 SOLE SOLE TESSCO TECH INC COMMON 872386107 1985 114147 SOLE SOLE TIERONE CORP COMMON 88650R108 12761 593281 SOLE SOLE TORCHMARK CAP TR TR PFD 98102Q201 583 22300 SOLE SOLE TRANSPORT CRP AMER COMMON 89385P102 1245 159200 SOLE SOLE TRIBUNE CO NEW COMMON 896047107 12523 275046 SOLE SOLE TRIBUNE CO NEW COMMON 896047107 82311 1807849 NONE NONE TXU CORP INC PR 873168884 228 5000 SOLE SOLE UNITED DOMINION RLTY PFD 910197300 944 36300 SOLE SOLE UNITED PARCEL SVC COMMON 911312106 15939 212044 SOLE SOLE UNITED TECH COMMON 913017109 17809 194675 SOLE SOLE USEC INC COMMON 90333E108 49294 5620716 SOLE SOLE VARIFLEX INC COMMON 922242102 226 28200 SOLE SOLE VIACOM INC CL B 925524308 386 10823 SOLE SOLE VILLAGE SUPER MKT CL A 927107409 1000 30413 SOLE SOLE VOL SVC AMER HLDGS INCOME 92873P204 1108 81900 SOLE SOLE VORNADO RLTY TR PFD 929042406 976 38600 SOLE SOLE WAL MART STORES COMMON 931142103 244 4627 SOLE SOLE WALGREEN CO COMMON 931422109 15012 414594 SOLE SOLE WARWICK VALLEY TEL COMMON 936750108 342 16100 SOLE SOLE WELLMAN INC COMMON 949702104 6257 769690 SOLE SOLE WELLS FINANCIAL COMMON 949759104 2570 95900 SOLE SOLE WESTERN GAS RES COMMON 958259103 52077 1603360 SOLE SOLE WESTFIELD FINCL COMMON 96008D101 630 31000 SOLE SOLE WHITING PETE CORP COMMON 966387102 2268 90200 SOLE SOLE WRIGLY WM JR CO COMMON 982526105 15388 244062 SOLE SOLE ZAPATA CORP COMMON 989070602 1699 27700 SOLE SOLE TOTAL 2422381 98933715