13F-HR 1 s13f2-05.txt SEC 13F FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2005 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: Stifel, Nicolaus & Company, Incorporated Address: One Financial Plaza, 501 N. Broadway St. Louis, Missouri 63102 13F File Number: 28-6972 The institutional investment manager filing this report & 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: Scott McCuaig Title: President, Private Client Group & Chief Operating Officer Phone: (314) 342-2844 Signature, Place, and Date of Signing: Scott McCuaig St. Louis, Missouri August 3, 2005 Report Type: (Check only one): [X] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. PORTVUE-SEC13F.LNP STIFEL NICOLAUS & CO., INC. PAGE 1 RUN DATE: 08/01/05 11:25 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 06/30/05 CLASS VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE ------------------------------ ------ --------- -------- -------- --- ---- ------- ----- ------ --------- ----- 3M COMPANY COM COM 88579Y101 332 4595 SH SOLE 4319 0 276 ABB LTD ADR SPONSORED FRN 000375204 517 79910 SH SOLE 79710 0 200 ABBOTT LABS COM 002824100 5715 116614 SH SOLE 106588 0 10026 ABERCROMBIE & FITCH CO CL A COM 002896207 334 4857 SH SOLE 4857 0 0 ABITIBI-CONSOLIDATED INC COM COM 003924107 74 16600 SH SOLE 16600 0 0 ACCESS PHARMACEUTICALS INC COM 00431M209 168 91000 SH SOLE 91000 0 0 ADOBE SYS INC COM 00724F101 252 8800 SH SOLE 8800 0 0 ADVISORY BRD CO COM COM 00762W107 468 9600 SH SOLE 9400 0 200 AEGON N V ORD AMER REG FRN 007924103 169 13127 SH SOLE 12677 0 450 AER ENERGY RES INC COM 000944108 0 40909 SH SOLE 40909 0 0 AFLAC INC COM 001055102 353 8149 SH SOLE 8149 0 0 ALASKA COMMUNICATIONS SYS COM 01167P101 101 10214 SH SOLE 10214 0 0 ALLEGHANY CORP DEL COM COM 017175100 259 872 SH SOLE 785 0 87 ALLEGHENY ENERGY INC COM COM 017361106 6169 244600 SH SOLE 219150 0 25450 ALLIED CAP CORP NEW COM COM 01903Q108 516 17731 SH SOLE 17731 0 0 ALLSTATE CORP COM 020002101 2015 33722 SH SOLE 31922 0 1800 ALLTEL CORP COM 020039103 953 15308 SH SOLE 14031 0 1277 ALTRIA GROUP INC COM COM 02209S103 5779 89371 SH SOLE 74016 0 15355 AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 303 9873 SH SOLE 9873 0 0 AMERICAN EXPRESS CO COM 025816109 602 11307 SH SOLE 9533 0 1774 AMERICAN HOME MORTGAGE *INVEST PFD 02660R305 200 7516 SH SOLE 7516 0 0 AMERICAN INTL GROUP INC COM 026874107 1551 26700 SH SOLE 25047 0 1653 AMERICAN PWR CONVERSION CORP COM 029066107 1314 55709 SH SOLE 46355 0 9354 AMERICREDIT CORP COM COM 03060R101 304 11919 SH SOLE 11919 0 0 AMERITRADE HLDG CORP NEW COM COM 03074K100 435 23362 SH SOLE 23362 0 0 AMGEN INC COM 031162100 1250 20676 SH SOLE 20126 0 550 ANADARKO PETE CORP COM 032511107 870 10587 SH SOLE 9587 0 1000 ANCHOR BANCORP WIS INC COM COM 032839102 817 27007 SH SOLE 27007 0 0 ANGLO AMERICAN FRN 03485P102 684 29107 SH SOLE 26507 0 2600 ANHEUSER BUSCH COS INC COM 035229103 2345 51265 SH SOLE 47665 0 3600 APPLE COMPUTER INC COM 037833100 447 12131 SH SOLE 12131 0 0 AQUILA INC COM 03840P102 306 84900 SH SOLE 77500 0 7400 ARCHSTONE-SMITH TRUST COM COM 039583109 241 6234 SH SOLE 6234 0 0 ARRIS GROUP INC COM 04269Q100 334 38300 SH SOLE 37300 0 1000 ASH GROVE CEM CO COM COM 043693100 1000 6290 SH SOLE 6000 0 290 ASSOCIATED BANC CORP COM COM 045487105 379 11280 SH SOLE 11280 0 0 AUTOMATIC DATA PROCESSING COM 053015103 755 17995 SH SOLE 15877 0 2118 AUTOZONE INC COM 053332102 296 3198 SH SOLE 3198 0 0 AVERY DENNISON CORP COM 053611109 564 10644 SH SOLE 9275 0 1369 AWARE INC MASS COM COM 05453N100 70 10786 SH SOLE 10786 0 0 BANK AMERICA CORP COM 060505104 497 10898 SH SOLE 8752 0 2146 BED BATH & BEYOND INC COM COM 075896100 318 7615 SH SOLE 7615 0 0 BELLSOUTH CORP COM COM 079860102 723 27202 SH SOLE 22910 0 4292 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 2004 24 SH SOLE 22 0 2 BERKSHIRE HATHAWAY INC DEL CL COM 084670207 6589 2367 SH SOLE 2105 0 262 BIOMET INC COM 090613100 445 12839 SH SOLE 10589 0 2250 BLACK & DECKER CORP COM 091797100 413 4600 SH SOLE 4600 0 0 BOEING CO COM 097023105 822 12450 SH SOLE 11150 0 1300 BP AMOCO ADS FRN 055622104 4686 75117 SH SOLE 74417 0 700 BRANTLEY CAP CORP COM COM 105494108 211 33826 SH SOLE 33826 0 0 BRASCAN CORP LTD VTG SHS CL COM 10549P606 385 10100 SH SOLE 10100 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 4157 166396 SH SOLE 163145 0 3251 BURLINGTON NTHN SANTA FE COM 12189T104 755 16045 SH SOLE 15245 0 800 BURLINGTON RES INC COM COM 122014103 294 5326 SH SOLE 5326 0 0 CABLEVISION SYS CORP COM 12686C109 6107 189653 SH SOLE 173387 0 16266 CALPINE CORP COM COM 131347106 68 19908 SH SOLE 10208 0 9700 CAMBIOR INC COM COM 13201L103 462 212100 SH SOLE 146200 0 65900 CANADIAN NAT RES LTD COM COM 136385101 11862 326050 SH SOLE 277850 0 48200 CANADIAN OIL SANDS TR NEW UNIT FRN 13642L100 6675 91063 SH SOLE 80613 0 10450 CANADIAN PAC RY LTD FRN 13645T100 1651 47850 SH SOLE 42100 0 5750 CARDINAL HEALTH INC COM 14149Y108 264 4583 SH SOLE 4489 0 94 CATERPILLAR INC COM 149123101 1135 23808 SH SOLE 20664 0 3144 CEDAR FAIR L P DEP UNITS COM 150185106 325 10107 SH SOLE 9107 0 1000 CENTERPOINT ENERGY INC COM COM 15189T107 2828 214060 SH SOLE 187010 0 27050 CENTRAL EUROPE AND RUSSIA FDCO COM 153436100 1050 34200 SH SOLE 30250 0 3950 CENTRAL FD CDA LTD CL A COM 153501101 3145 593440 SH SOLE 515873 0 77567 CENTURYTEL, INC COM 156700106 737 21275 SH SOLE 18755 0 2520 CERNER CORP COM COM 156782104 483 7100 SH SOLE 7100 0 0 CHATTEM INC COM COM 162456107 248 6000 SH SOLE 5800 0 200 CHEVRONTEXACO CORPORATION COM 166764100 4558 81509 SH SOLE 70358 0 11151 CHUNGHWA TELECOM CO SPONSORED FRN 17133Q205 1617 75475 SH SOLE 69350 0 6125 CINERGY CORP COM 172474108 493 10992 SH SOLE 10842 0 150 CISCO SYS INC COM 17275R102 2633 137989 SH SOLE 118045 0 19944 CITIGROUP INC. COM 172967101 1147 24812 SH SOLE 21912 0 2900 CITIZENS COMMUNICATIONS CO COM 17453B101 9594 713871 SH SOLE 645896 0 67975 CKE RESTAURANTS INC COM PAR COM 12561E105 376 26980 SH SOLE 26555 0 425 CLOROX CO COM 189054109 223 4000 SH SOLE 4000 0 0 CMS ENERGY CORP COM 125896100 3711 246400 SH SOLE 223300 0 23100 COCA COLA CO COM 191216100 1784 42738 SH SOLE 34232 0 8506 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 611 12962 SH SOLE 12962 0 0 COLGATE PALMOLIVE CO COM 194162103 317 6350 SH SOLE 6150 0 200 COMCAST CORP CL A SPL COM 20030N200 627 20925 SH SOLE 20790 0 135 COMMERCIAL NATL FINL CORP COM COM 202216107 144 13380 SH SOLE 0 0 13380 COMMUNITY BANKSHARES INC COLCD COM 20364D109 720 24000 SH SOLE 24000 0 0 COMPUTER ASSOC INTL INC COM 204912109 301 10957 SH SOLE 10957 0 0 CONOCOPHILLIPS COM COM 20825C104 840 14605 SH SOLE 13189 0 1416 CONSECO INC COM NEW COM 208464883 533 24450 SH SOLE 23450 0 1000 CONSOLIDATED TOMOKA LD CO COM COM 210226106 323 3750 SH SOLE 3750 0 0 CONSTELLATION ENERGY GROUP ICO COM 210371100 312 5400 SH SOLE 5400 0 0 CONTINUCARE CORP COM COM 212172100 201 82046 SH SOLE 82046 0 0 CVS CORP COM 126650100 348 11984 SH SOLE 11984 0 0 D & E COMMUNICATIONS INC COM COM 232860106 2306 235791 SH SOLE 218880 0 16911 D & K HEALTHCARE RES INC COM COM 232861104 246 29200 SH SOLE 24200 0 5000 DEAN FOODS INC NEW COM COM 242370104 272 7716 SH SOLE 7716 0 0 DIAGEO PLC NEW SPN ADR E FRN 25243Q205 523 8819 SH SOLE 7169 0 1650 DIRECTV GROUP INC COM 25459L106 910 58704 SH SOLE 53504 0 5200 DOMINION RES INC VA NEW COM COM 25746U109 295 4015 SH SOLE 4015 0 0 DOW CHEMICAL CORP COM 260543103 451 10135 SH SOLE 8850 0 1285 DREYFUS HIGH YIELD STRATEGIESH COM 26200S101 82 18740 SH SOLE 18740 0 0 DU PONT E I DE NEMOURS CO COM 263534109 1285 29867 SH SOLE 29182 0 685 DUKE RLTY INVTS INC COM NEW COM 264411505 568 17943 SH SOLE 15023 0 2920 DUNDEE PRECIOUS METALS INC COM FRN 265269209 418 64900 SH SOLE 61400 0 3500 DUQUESNE LT HLDNGS COM COM 266233105 886 47445 SH SOLE 41711 0 5734 DYNEX CAP INC COM NEW COM 26817Q506 496 65732 SH SOLE 65732 0 0 E M C CORP MASS COM COM 268648102 182 13254 SH SOLE 13054 0 200 EASTMAN KODAK COM 277461109 235 8753 SH SOLE 8753 0 0 ECOLAB INC COM 278865100 753 23260 SH SOLE 20283 0 2977 EDISON INTERNATIONAL COM 281020107 2393 59016 SH SOLE 50966 0 8050 EL PASO CORPORATION COM 28336L109 3655 317305 SH SOLE 291755 0 25550 EL PASO ELEC CO COM NEW COM 283677854 282 13800 SH SOLE 11000 0 2800 ELAN PLC FRN 284131208 87 12750 SH SOLE 12750 0 0 ELECTRONIC ARTS COM 285512109 206 3639 SH SOLE 3639 0 0 EMERSON ELEC CO COM 291011104 3859 61612 SH SOLE 52261 0 9351 ENBRIDGE ENERGY PARTNERS COM 29250R106 803 15000 SH SOLE 12500 0 2500 ENCANA CORP COM COM 292505104 4532 114484 SH SOLE 94418 0 20066 ENSIGN ENERGY SERVICES INC FRN 293570107 2264 91556 SH SOLE 80956 0 10600 EXPRESS SCRIPTS INC COM 302182100 340 6800 SH SOLE 6800 0 0 EXTENDED SYS INC COM COM 301973103 39 12200 SH SOLE 12200 0 0 EXXON CORPORATION COM 30231G102 3931 68394 SH SOLE 62416 0 5978 FARMERS BANCRP FRANKFORT INDCD COM 30887A102 411 8558 SH SOLE 7025 0 1533 FED HOME LN MTG COM 313400301 759 11630 SH SOLE 10409 0 1221 FINANCIAL STOCKS CAPITALPARTNE COM BT3891950 95 95443 SH SOLE 95443 0 0 FINANCIAL STOCKS PRIVAT COM BT3889235 32 32096 SH SOLE 32096 0 0 FIRST DATA CORP COM 319963104 1575 39227 SH SOLE 35872 0 3355 FIRST IND CORP COM COM 32054R108 7385 248910 SH SOLE 231348 0 17562 FIRST MERCHANTS CORP COM COM 320817109 589 23695 SH SOLE 18258 0 5437 FIRSTMERIT CORP COM COM 337915102 815 31225 SH SOLE 29525 0 1700 FISERV INC COM COM 337738108 510 11900 SH SOLE 11100 0 800 FOXHOLLOW TECHNOLOGIES INC COM COM 35166A103 206 5375 SH SOLE 5375 0 0 FPL GROUP INC COM COM 302571104 1336 31760 SH SOLE 27509 0 4251 FRANKLIN ELEC INC COM COM 353514102 483 12500 SH SOLE 12500 0 0 FRANKLIN TEMPLETON LTD PFD 35472T200 500 20 SH SOLE 20 0 0 FUJI PHOTO ADR NEW FRN 359586302 208 6378 SH SOLE 6378 0 0 G A P INC COM 364760108 308 15620 SH SOLE 15620 0 0 GABELLI UTIL TR COM COM 36240A101 227 23000 SH SOLE 23000 0 0 GANNETT INC DEL COM 364730101 629 8848 SH SOLE 6877 0 1971 GENCORP INC COM COM 368682100 252 13065 SH SOLE 13065 0 0 GENENTECH INC COM NEW COM 368710406 324 4034 SH SOLE 4034 0 0 GENERAL ELEC CO COM 369604103 5902 170325 SH SOLE 147403 0 22922 GENZYME CORP COM-GEN DIV COM 372917104 201 3344 SH SOLE 3244 0 100 GERMAN AMERN BANCORP COM COM 373865104 177 12859 SH SOLE 12859 0 0 GETTY IMAGES INC COM COM 374276103 386 5200 SH SOLE 5200 0 0 GILLETTE CO COM 375766102 299 5903 SH SOLE 5903 0 0 GLOBAL SANTAFE CORPORATION COM G3930E101 376 9222 SH SOLE 8422 0 800 GOLD FIELDS LTD NEW ADR FRN 38059T106 180 15850 SH SOLE 15850 0 0 GROUPE BRUXELLES LAMBERT FRN B4746J115 5142 59140 SH SOLE 49257 0 9883 GUIDANT CORP COM COM 401698105 560 8326 SH SOLE 3638 0 4688 HARMONIC LIGHTWAVES INC COM 413160102 50 10325 SH SOLE 10325 0 0 HECLA MNG CO COM COM 422704106 358 78550 SH SOLE 63050 0 15500 HEWLETT PACKARD CO COM 428236103 307 13040 SH SOLE 12840 0 200 HICKORY TECH CORP COM COM 429060106 2112 261765 SH SOLE 235865 0 25900 HIGH RIVER GOLD MINES LTD COM FRN 42979J107 203 187500 SH SOLE 147500 0 40000 HOME DEPOT INC COM 437076102 2050 52695 SH SOLE 49887 0 2808 HOSPIRA INC COM COM 441060100 561 14391 SH SOLE 14391 0 0 HUNTINGTON BANCSHARES INC COM 446150104 569 23590 SH SOLE 23590 0 0 I B M COM 459200101 269 3625 SH SOLE 3253 0 372 ILLINOIS TOOL WORKS INC COM 452308109 328 4113 SH SOLE 4113 0 0 ING PRIME RATE TRUST PFD PRD 44977W502 450 18 SH SOLE 18 0 0 INGERSOLL-RAND CO LTD CL A COM G4776G101 395 5542 SH SOLE 5542 0 0 INTEL CORP COM 458140100 684 26284 SH SOLE 25718 0 566 IPSCO INC COM COM 462622101 513 11750 SH SOLE 11750 0 0 J.P. MORGAN CHASE & CO COM 46625H100 1707 48325 SH SOLE 44779 0 3546 JACK IN THE BOX COM 466367109 315 8308 SH SOLE 8308 0 0 JOHNSON & JOHNSON COM 478160104 5569 85676 SH SOLE 69923 0 15753 JUNIPER NETWORKS INC COM COM 48203R104 291 11553 SH SOLE 11253 0 300 KEYCORP COM 493267108 2179 65725 SH SOLE 59390 0 6335 KIMBERLY CLARK CORP COM 494368103 2218 35436 SH SOLE 33730 0 1706 KINDER MORGAN EGY PTNS L P UT COM 494550106 386 7575 SH SOLE 7575 0 0 KLA INSTRS CORP COM 482480100 318 7281 SH SOLE 7281 0 0 KOREA ELEC PWR CO SPON ADR 1/2 FRN 500631106 1295 82650 SH SOLE 74800 0 7850 LAFARGE CORP COM COM 505862102 981 15710 SH SOLE 12093 0 3617 LEUCADIA NATL CORP COM COM 527288104 950 24600 SH SOLE 23300 0 1300 LEVEL 3 COMMUNICATIONS INC COM 52729N100 67 33006 SH SOLE 27306 0 5700 LIBERTY GLOBAL INC COM SER A COM 530555101 424 9095 SH SOLE 8598 0 497 LIBERTY MEDIA CORP SERIES A COM 530718105 4815 472563 SH SOLE 438902 0 33661 LILLY, ELI AND COMPANY COM 532457108 3414 61274 SH SOLE 52657 0 8617 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705324101 209 2840 SH SOLE 2840 0 0 PEPSICO INC COM 713448108 4663 86466 SH SOLE 70236 0 16230 PETROCHINA CO LTD SPONSORED AD FRN 71646E100 208 2827 SH SOLE 2827 0 0 PETSMART INC COM COM 716768106 307 10116 SH SOLE 10016 0 100 PFIZER INC COM 717081103 2818 102169 SH SOLE 96270 0 5899 PICO HLDGS INC COM NEW COM 693366205 265 8900 SH SOLE 8900 0 0 PIMCO FLOATING RATE STRATE PFD 72201J401 250 10 SH SOLE 10 0 0 PIMCO HIGH INCOME FUND AUCTIO PFD 722014305 650 26 SH SOLE 26 0 0 PIMCO MUN INCOME FD AUCTIO PFD 72200R404 300 12 SH SOLE 0 0 12 PIMCO MUNI INC FUND AUCTIO PFD 72200R305 575 23 SH SOLE 18 0 5 PIMCO MUNI INC FUND III AUCTIO PFD 72201A400 500 20 SH SOLE 20 0 0 PLUM CREEK TIMBER CO INC COM COM 729251108 4562 125685 SH SOLE 98760 0 26925 POTASH CORP SASK INC COM 73755L107 258 2700 SH SOLE 0 0 2700 POWERWAVE TECHNOLOGIES INC COM 739363109 418 40922 SH SOLE 40922 0 0 PRANA BIOTECHNOLOGY ORD FRN Q7739U108 2 16985 SH SOLE 16985 0 0 PREMIERE GLOBAL SERVICES INC COM 740585104 134 11874 SH SOLE 11874 0 0 PROCTER & GAMBLE COMPANY COM 742718109 1277 24209 SH SOLE 22007 0 2202 PVF CAPITAL CORP COM COM 693654105 165 12227 SH SOLE 12227 0 0 QUADRIGA SUPERFUND SER BLTD PA COM 74731W209 257 180 SH SOLE 180 0 0 QUALCOMM INC COM COM 747525103 746 22611 SH SOLE 22461 0 150 RADIOSHACK CORP COM 750438103 358 15467 SH SOLE 15467 0 0 RAMCO-GERSHENSON PPTYS TR COM COM 751452202 664 22679 SH SOLE 21763 0 916 RAYONIER INC COM COM 754907103 6057 114218 SH SOLE 97878 0 16340 READERS DIGEST ASSN INC A N-V COM 755267101 282 17066 SH SOLE 16385 0 681 RELIANT RES INC COM COM 75952B105 722 58300 SH SOLE 58300 0 0 RESEARCH FRONTIERS INC COM COM 760911107 71 22445 SH SOLE 22445 0 0 RESEARCH IN MOTION LTD COM COM 760975102 248 3359 SH SOLE 3359 0 0 RESMED INC COM COM 761152107 353 5350 SH SOLE 5150 0 200 ROCKWELL COLLINS INC COM COM 774341101 327 6853 SH SOLE 6853 0 0 ROYCE FOCUS TR INC COM COM 78080N108 947 110740 SH SOLE 109627 0 1113 SARA LEE CORP COM COM 803111103 341 17207 SH SOLE 17207 0 0 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STANDARD PAC CORP NEW COM COM 85375C101 348 3955 SH SOLE 3955 0 0 STREETTRACKS GOLD TR GOLD SHS COM 863307104 5277 121475 SH SOLE 109475 0 12000 SUN CMNTYS INC COM COM 866674104 471 12670 SH SOLE 11003 0 1667 SUN LIFE FINL SVCS CDA INC COM COM 866796105 323 9595 SH SOLE 9595 0 0 SUN MICROSYSTEM INC COM 866810104 85 22791 SH SOLE 20375 0 2416 SWIFT TRANSN CO COM COM 870756103 354 15196 SH SOLE 15196 0 0 SYMANTEC CORP COM COM 871503108 505 23242 SH SOLE 1673 0 21569 SYSCO CORPORATION COM 871829107 392 10834 SH SOLE 6634 0 4200 TALISMAN ENERGY INC COM COM 87425E103 252 6696 SH SOLE 6196 0 500 TARGET CORP COM 87612E106 334 6137 SH SOLE 6137 0 0 TECO ENERGY INC COM 872375100 408 21585 SH SOLE 21585 0 0 TELEFONOS DE MEXICO SPON ADR R FRN 879403780 324 17146 SH SOLE 17146 0 0 TELEPHONE & DATA SYS INC COM COM 879433100 802 19658 SH SOLE 16543 0 3115 TELEPHONE & DATA SYS INC SPL C COM 879433860 763 19908 SH SOLE 16793 0 3115 TEMPLETON EMERGING MKTS FD COM COM 880191101 8536 489160 SH SOLE 417310 0 71850 TENARIS S A SPONSORED ADR FRN 88031M109 524 6700 SH SOLE 5500 0 1200 TEXAS INSTRUMENTS INC COM 882508104 276 9820 SH SOLE 9820 0 0 THORNBURG MTG ASSET CORP COM 885218107 367 12586 SH SOLE 12586 0 0 TIME WARNER INC COM 887317105 417 24930 SH SOLE 23230 0 1700 TIMKEN CO COM COM 887389104 293 12700 SH SOLE 12700 0 0 TITAN PHARMACEUTCLS INC DEL CO COM 888314101 55 30000 SH SOLE 30000 0 0 TORO CO COM 891092108 207 5350 SH SOLE 5250 0 100 TORTOISE ENERGY INFRSTRCTR CCO COM 89147L100 225 7130 SH SOLE 7130 0 0 TRIBUNE CO NEW COM COM 896047107 249 7069 SH SOLE 6419 0 650 U S BANCORP COM 902973304 647 22163 SH SOLE 22013 0 150 UNITED PARCEL SVC INC CL B COM 911312106 358 5173 SH SOLE 5173 0 0 UNITED TECHNOLOGIES CORP COM 913017109 438 8533 SH SOLE 8347 0 186 UNITEDHEALTH GROUP INC COM 91324P102 1349 25865 SH SOLE 23971 0 1894 UNOCAL CORP COM 915289102 355 5450 SH SOLE 5350 0 100 URBAN OUTFITTERS INC COM COM 917047102 316 5572 SH SOLE 5572 0 0 US MEDSYS CORP COM COM 90341J107 14 21000 SH SOLE 21000 0 0 VALERO REFNG & MARKETING CO CO COM 91913Y100 1341 16945 SH SOLE 14245 0 2700 VALOR COMMUNICATIONS GROUP ICO COM 920255106 558 40400 SH SOLE 38400 0 2000 VALSPAR CORP COM COM 920355104 1280 26511 SH SOLE 19828 0 6683 VARIAN MED SYS INC COM COM 92220P105 204 5455 SH SOLE 5455 0 0 VECTREN CORP COM COM 92240G101 3485 121306 SH SOLE 108073 0 13233 VERISIGN INC COM COM 92343E102 242 8403 SH SOLE 8403 0 0 VERITAS SOFTWARE CO COM COM 923436109 367 15026 SH SOLE 15026 0 0 VERIZON COMMUNICATIONS COM 92343V104 1112 32181 SH SOLE 29836 0 2345 VIACOM INC COM 925524100 2012 62450 SH SOLE 55500 0 6950 VIACOM INC COM 925524308 455 14196 SH SOLE 13346 0 850 VITRIA TECHNOLOGY COM 92849Q401 62 17812 SH SOLE 17812 0 0 VULCAN MATLS CO COM COM 929160109 868 13355 SH SOLE 12322 0 1033 WACHOVIA GROUP COM COM 929903102 352 7106 SH SOLE 3106 0 4000 WAL MART STORES INC COM 931142103 4993 103592 SH SOLE 88978 0 14614 WALGREEN COMPANY COM 931422109 728 15826 SH SOLE 15626 0 200 WALT DISNEY COMPANY COM 254687106 2826 112247 SH SOLE 103036 0 9211 WASHINGTON MUT INC COM COM 939322103 255 6275 SH SOLE 6275 0 0 WASHINGTON POST CO CL B COM 939640108 436 522 SH SOLE 492 0 30 WELLPOINT INC COM 94973V107 837 12012 SH SOLE 9612 0 2400 WELLS FARGO NEW COM 949746101 1508 24483 SH SOLE 19649 0 4834 WEST MARINE INC COM COM 954235107 245 13551 SH SOLE 13551 0 0 WHITE MOUNT INS GRP LTD BERMCO COM G9618E107 341 540 SH SOLE 400 0 140 WILLIAMS SONOMA INC COM 969904101 235 5946 SH SOLE 5946 0 0 WINDROSE MED PPTYS TR COM COM 973491103 206 14715 SH SOLE 14715 0 0 WISCONSIN ENERGY CORP COM 976657106 278 7125 SH SOLE 7125 0 0 WRIGLEY WM JR CO COM 982526105 322 4680 SH SOLE 4680 0 0 WYETH COM 983024100 1494 33562 SH SOLE 27160 0 6402 X-RITE INC COM COM 983857103 272 23664 SH SOLE 22902 0 762 ZIMMER HLDGS INC COM COM 98956P102 383 5028 SH SOLE 4948 0 80
LINE COUNT: 328 TOTAL VALUE: $374,000,000