13F-HR 1 s13f04073.txt 1ST QTR 07 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, 2007 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: 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 April 14, 2007 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: 04/02/07 12:19 P.M. FORM 13F INFORMATION TABLE AS OF DATE: 03/31/07 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY COM COM 88579Y101 558 7303 SH SOLE 7113 0 190 A T & T INC (NEW) COM 00206R102 1318 33424 SH SOLE 32016 0 1408 ABBOTT LABS COM 002824100 5613 100593 SH SOLE 88659 0 11934 ABERCROMBIE & FITCH CO CL A COM 002896207 200 2646 SH SOLE 2526 0 120 ABX AIR INC COM COM 00080S101 478 69775 SH SOLE 66425 0 3350 AER ENERGY RES INC COM 000944108 0 40909 SH SOLE 40909 0 0 AETNA U S HEALTHCARE INC COM COM 00817Y108 328 7499 SH SOLE 7020 0 479 AFLAC INC COM 001055102 1235 26248 SH SOLE 22138 0 4110 AGL RES INC COM COM 001204106 3681 86165 SH SOLE 81120 0 5045 AIR NEW ZEALAND SHS FRN Q0169V100 26 15000 SH SOLE 15000 0 0 ALLIANCE BERNSTEIN HLDGS LP UN COM 01881G106 239 2706 SH SOLE 2449 0 257 ALLIANT CORP COM COM 018802108 366 8169 SH SOLE 8169 0 0 ALLSTATE CORP COM 020002101 2227 37077 SH SOLE 33205 0 3872 ALLTEL CORP COM 020039103 781 12592 SH SOLE 9536 0 3056 ALTERA CORP COM 021441100 628 31426 SH SOLE 2426 0 29000 ALTRIA GROUP INC COM COM 02209S103 7487 85259 SH SOLE 69356 0 15903 ALUMINUM CORP CHINA LTD SPON A FRN 022276109 421 16210 SH SOLE 16210 0 0 AMAZON COM INC COM COM 023135106 827 20773 SH SOLE 20773 0 0 AMERICAN ELECTRIC POWER COM 025537101 270 5535 SH SOLE 3735 0 1800 AMERICAN EXPRESS CO COM 025816109 1742 30883 SH SOLE 19535 0 11348 AMERICAN INTL GROUP INC COM 026874107 3659 54432 SH SOLE 47865 0 6567 AMERICAN RAILCAR INDS INC COM COM 02916P103 232 7790 SH SOLE 6190 0 1600 AMERICAN RESIDENTIAL FDG INCCO COM 02927A103 1 100000 SH SOLE 100000 0 0 AMERICAN STD COS INC DEL COM COM 029712106 737 13896 SH SOLE 13639 0 257 AMERICAN TOWER CORP CL A COM 029912201 312 8012 SH SOLE 6912 0 1100 AMERICREDIT CORP COM COM 03060R101 331 14491 SH SOLE 14231 0 260 AMERIPRISE FINL INC COM COM 03076C106 209 3651 SH SOLE 2739 0 912 AMGEN INC COM 031162100 3237 57935 SH SOLE 52166 0 5769 AMPHENOL CORP NEW CL A COM 032095101 616 19072 SH SOLE 11672 0 7400 ANADARKO PETE CORP COM 032511107 1643 38220 SH SOLE 34285 0 3935 ANCHOR BANCORP WIS INC COM COM 032839102 274 9672 SH SOLE 9672 0 0 ANGLO AMERICAN FRN 03485P102 12893 487997 SH SOLE 442947 0 45050 ANHEUSER BUSCH COS INC COM 035229103 2670 52915 SH SOLE 48380 0 4535 APACHE CORP COM 037411105 1397 19760 SH SOLE 18185 0 1575 APPLE COMPUTER INC COM 037833100 1274 13710 SH SOLE 12296 0 1414 APPLIED MATLS INC COM 038222105 524 28629 SH SOLE 28262 0 367 AQUILA INC COM 03840P102 695 166300 SH SOLE 131700 0 34600 ARCHER DANIELS MIDLAND COM 039483102 2378 64787 SH SOLE 61814 0 2973 ARRIS GROUP INC COM 04269Q100 178 12642 SH SOLE 11776 0 866 ARTISTIC MEDIA PARTNERS INC CL COM BT1218338 79 11700 SH SOLE 11700 0 0 ASH GROVE CEM CO COM COM 043693100 1684 7520 SH SOLE 7230 0 290 ASSOCIATED BANC CORP COM COM 045487105 381 11340 SH SOLE 11340 0 0 ATMEL CORP COM COM 049513104 91 18132 SH SOLE 18132 0 0 ATMI INC COM COM 00207R101 345 11273 SH SOLE 10720 0 553 AURORA OIL & GAS CORP COM COM 052036100 29 11000 SH SOLE 11000 0 0 AUTOMATIC DATA PROCESSING COM 053015103 669 13826 SH SOLE 13726 0 100 AVALON VENTURES LTD COM FRN 05348K105 13 10000 SH SOLE 10000 0 0 AXA-UAP SPONSORED ADR FRN 054536107 728 17083 SH SOLE 16639 0 444 BAKER HUGHES INC COM COM 057224107 3510 53074 SH SOLE 49971 0 3103 BANK AMERICA CORP COM 060505104 6245 122406 SH SOLE 106115 0 16291 BARRIER THERAPEUTICS INC COM COM 06850R108 145 20943 SH SOLE 20943 0 0 BCE INC NEW FRN 05534B760 227 8043 SH SOLE 8043 0 0 BECTON DICKINSON & CO COM 075887109 466 6055 SH SOLE 5655 0 400 BED BATH & BEYOND INC COM COM 075896100 335 8352 SH SOLE 7818 0 534 BEHAVIORAL RECOGNITION SYSTEM COM BT1308596 50 50000 SH SOLE 50000 0 0 BENCHMARK ELECTRS INC COM COM 08160H101 307 14863 SH SOLE 14598 0 265 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 2398 22 SH SOLE 20 0 2 BERKSHIRE HATHAWAY INC DEL CL COM 084670207 10571 2904 SH SOLE 2460 0 444 BEST BUY INC COM COM 086516101 2787 57214 SH SOLE 50516 0 6698 BHP BILLITON LTD SPONSORED ADR FRN 088606108 313 6470 SH SOLE 6220 0 250 BIL INTL LTD ORD FRN G10995101 75 72000 SH SOLE 56000 0 16000 BIOMET INC COM 090613100 701 16503 SH SOLE 13803 0 2700 BJ SVCS CO COM COM 055482103 988 35414 SH SOLE 34924 0 490 BOEING CO COM 097023105 2681 30151 SH SOLE 24311 0 5840 BP AMOCO ADS FRN 055622104 5104 78819 SH SOLE 76654 0 2165 BRISTOL MYERS SQUIBB CO COM 110122108 4255 153282 SH SOLE 149929 0 3353 BRONCO DRILLING CO INC COM COM 112211107 287 17300 SH SOLE 13925 0 3375 BUNGE LIMITED COM FRN G16962105 5896 71711 SH SOLE 64311 0 7400 BURLINGTON NTHN SANTA FE COM 12189T104 806 10016 SH SOLE 9131 0 885 CABLEVISION SYS CORP COM 12686C109 6109 200760 SH SOLE 181694 0 19066 CACI INTL INC CL A COM 127190304 234 5000 SH SOLE 5000 0 0 CAMERON INTRNATIONAL CORP COM 13342B105 416 6622 SH SOLE 6509 0 113 CAMPBELL FUND TRUST LTD PA COM BT3889840 1671 621 SH SOLE 516 0 105 CANADIAN APT PPTYS REAL ESTATR FRN 134921105 1005 56100 SH SOLE 51475 0 4625 CANADIAN NAT RES LTD COM FRN 136385101 19186 347631 SH SOLE 297419 0 50212 CANADIAN NATL RY CO FRN 136375102 2494 56492 SH SOLE 52737 0 3755 CANADIAN PAC RY LTD FRN 13645T100 2666 47224 SH SOLE 45324 0 1900 CARPENTER TECHNOLOGY CORP COM COM 144285103 203 1683 SH SOLE 1567 0 116 CASH AMER INTL INC COM COM 14754D100 347 8452 SH SOLE 8452 0 0 CATALYST PAPER CORP COM FRN 14888T104 2173 686700 SH SOLE 649200 0 37500 CATERPILLAR INC COM 149123101 4578 68291 SH SOLE 57030 0 11260 CEDAR FAIR L P DEP UNITS COM 150185106 1043 36532 SH SOLE 32507 0 4025 CELGENE CORP COM COM 151020104 733 13977 SH SOLE 11132 0 2845 CELLSTAR CORP COM NEW COM 150925204 31 12000 SH SOLE 12000 0 0 CEMEX S A ADR SPSRD NEW FRN 151290889 255 7786 SH SOLE 5650 0 2136 CENTERPOINT ENERGY INC COM COM 15189T107 12072 672936 SH SOLE 599050 0 73886 CENTURY ALUM CO COM COM 156431108 2717 57965 SH SOLE 53490 0 4475 CENTURYTEL, INC COM 156700106 832 18415 SH SOLE 18011 0 404 CHAPARRAL STL CO DEL COM COM 159423102 372 6400 SH SOLE 6400 0 0 CHEVRONTEXACO CORPORATION COM 166764100 4176 56462 SH SOLE 48008 0 8454 CHICAGO BRIDGE & IRON CO N Y R FRN 167250109 1817 59085 SH SOLE 48627 0 10458 CHICAGO MERCANTILE EXCHANGE CL COM 167760107 404 758 SH SOLE 758 0 0 CHICOS FAS INC COM COM 168615102 327 13375 SH SOLE 11125 0 2250 CHUBB CORP COM COM 171232101 319 6183 SH SOLE 5500 0 683 CIMAREX ENERGY CO COM COM 171798101 295 7956 SH SOLE 7295 0 661 CINCINNATI BELL INC NEW COM COM 171871106 59 12600 SH SOLE 12600 0 0 CINCINNATI FINL CORP COM COM 172062101 680 16037 SH SOLE 16037 0 0 CINTAS CORP COM 172908105 726 20120 SH SOLE 19654 0 466 CIRCUIT CITY STORES INC COM 172737108 1302 70257 SH SOLE 68883 0 1374 CISCO SYS INC COM 17275R102 3353 131326 SH SOLE 109804 0 21522 CITIGROUP INC. COM 172967101 1972 38418 SH SOLE 32695 0 5723 CITIZENS COMMUNICATIONS CO COM COM 17453B101 12713 850383 SH SOLE 754181 0 96202 CMS ENERGY CORP COM 125896100 10943 614750 SH SOLE 555506 0 59244 COACH INC COM COM 189754104 542 10834 SH SOLE 10465 0 369 COCA COLA CO COM 191216100 2530 52707 SH SOLE 43438 0 9269 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 341 3860 SH SOLE 3260 0 600 COLGATE PALMOLIVE CO COM 194162103 1262 18890 SH SOLE 15090 0 3800 COLONIAL CAPITAL TR IV 7.875% PFD 19560Q203 263 10260 SH SOLE 5900 0 4360 COMCAST CORP CL A SPL COM 20030N200 707 27750 SH SOLE 24495 0 3255 COMCAST CORP NEW COM CL A COM 20030N101 286 11005 SH SOLE 11005 0 0 COMMSCOPE INC COM COM 203372107 605 14100 SH SOLE 8800 0 5300 COMMUNITY BANKSHARES INC COLCD COM 20364D109 1032 24000 SH SOLE 24000 0 0 CONAGRA INC COM 205887102 404 16202 SH SOLE 13402 0 2800 CONOCOPHILLIPS COM COM 20825C104 2255 32990 SH SOLE 20826 0 12164 CONSTELLATION ENERGY GROUP ICO COM 210371100 348 4000 SH SOLE 4000 0 0 CON-WAY INC COM COM 205944101 329 6600 SH SOLE 4900 0 1700 CORE LABORATORIES N V ORD FRN N22717107 514 6132 SH SOLE 5911 0 221 CORNING INC COM 219350105 6045 265825 SH SOLE 239150 0 26675 CORUS BANKSHARES INC COM COM 220873103 264 15494 SH SOLE 15075 0 419 COSTCO WHOLESALE CORP COM 22160K105 696 12934 SH SOLE 12435 0 499 COVENTRY HEALTH CARE INC COM COM 222862104 1709 30493 SH SOLE 25304 0 5189 CSX CORP COM COM 126408103 200 4987 SH SOLE 4909 0 78 CUMMINS ENGINE INC COM 231021106 283 1955 SH SOLE 1955 0 0 CUNDILL GLOBAL VALUE LIMITE COM BT3888151 3916 3916491 SH SOLE 2977935 0 938556 CVS CORP COM 126650100 1108 32467 SH SOLE 29933 0 2534 D & E COMMUNICATIONS INC COM COM 232860106 1793 134582 SH SOLE 120165 0 14417 DEERE & CO. COM 244199105 3169 29169 SH SOLE 26619 0 2550 DELTIC TIMBER CORP COM COM 247850100 264 5500 SH SOLE 5500 0 0 DELUXE CORP COM 248019101 304 9068 SH SOLE 8830 0 238 DEVON ENERGY CORP NEW COM COM 25179M103 546 7894 SH SOLE 6891 0 1003 DIAGEO PLC NEW SPN ADR E FRN 25243Q205 1467 18125 SH SOLE 16875 0 1250 DIAMOND MGMT & TECHNOLOGY COCO COM 25269L106 148 12645 SH SOLE 12645 0 0 DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 631 7796 SH SOLE 7559 0 237 DIRECTV GROUP INC COM 25459L106 300 13025 SH SOLE 13025 0 0 DISCOVERY HOLDING CO CL A COM COM 25468Y107 239 12515 SH SOLE 12042 0 473 DOMINION RES INC VA NEW COM COM 25746U109 366 4125 SH SOLE 4125 0 0 DONNELLEY R R & SONS CO COM COM 257867101 265 7238 SH SOLE 5588 0 1650 DOW CHEMICAL CORP COM 260543103 576 12551 SH SOLE 9376 0 3175 DTE ENERGY CO COM COM 233331107 3280 68484 SH SOLE 64214 0 4270 DU PONT E I DE NEMOURS CO COM 263534109 4384 88689 SH SOLE 83872 0 4818 DUKE ENERGY CORP COM 26441C105 1153 56842 SH SOLE 56615 0 227 DUKE RLTY INVTS INC COM NEW COM 264411505 617 14202 SH SOLE 10962 0 3240 DUN & BRADSTREET CORP DEL NECO COM 26483E100 262 2875 SH SOLE 2875 0 0 DUNDEE PRECIOUS METALS INC COM FRN 265269209 3975 418450 SH SOLE 368800 0 49650 E M C CORP MASS COM COM 268648102 156 11229 SH SOLE 10929 0 300 E TRADE GROUP INC COM COM 269246104 725 34146 SH SOLE 33154 0 992 EATON CORP COM 278058102 1395 16690 SH SOLE 16690 0 0 EBAY INC COM COM 278642103 880 26559 SH SOLE 21156 0 5403 ECHOSTAR COMMUN CORP NEW CL A COM 278762109 975 22450 SH SOLE 17950 0 4500 EDISON INTERNATIONAL COM 281020107 2050 41721 SH SOLE 36786 0 4935 EL PASO CORPORATION COM 28336L109 5338 368929 SH SOLE 334879 0 34050 EL PASO ELEC CO COM NEW COM 283677854 383 14518 SH SOLE 12518 0 2000 EMERSON ELEC CO COM 291011104 5033 116811 SH SOLE 99204 0 17607 EMMIS COMMUNICATIONS CORP CL A COM 291525103 156 18475 SH SOLE 17600 0 875 ENCANA CORP COM FRN 292505104 2408 47565 SH SOLE 36215 0 11350 ENDESA S A ADR SPONSORED FRN 29258N107 247 4613 SH SOLE 3999 0 614 ENERGY EAST CORP COM COM 29266M109 3677 150928 SH SOLE 142535 0 8393 ENERGY METALS CORP COM FRN 29271B106 496 41575 SH SOLE 39775 0 1800 ENERPLUS RES FD TR UNIT NEW FRN 29274D604 220 5200 SH SOLE 4450 0 750 ENTERPRISE FINL SVCS CORP COM COM 293712105 921 32877 SH SOLE 29827 0 3050 ENVIRONMENTAL SOLUTIONS WRLDCO COM 29408K102 9 11750 SH SOLE 11750 0 0 EVERGREEN MANAGED INC FDAUCTIO PFD 30024Y609 300 12 SH SOLE 12 0 0 EXELON CORP COM COM 30161N101 1250 18200 SH SOLE 17472 0 728 EXPRESSJET HLDGS INC COM COM 30218U108 127 21756 SH SOLE 20756 0 1000 EXXON CORPORATION COM 30231G102 8333 110443 SH SOLE 97707 0 12736 FACTSET RESH SYS INC COM COM 303075105 688 10954 SH SOLE 9754 0 1200 FARMERS BANCRP FRANKFORT INDCD COM 30887A102 526 13406 SH SOLE 11373 0 2033 FEDERATED DEPARTMENT STORES NE COM 31410H101 455 10102 SH SOLE 9254 0 848 FEDEX CORP COM 31428X106 675 6285 SH SOLE 5400 0 885 FINANCIAL STOCKS CAPITA COM BT3889270 1641 1641328 SH SOLE 1136304 0 505024 FINANCIAL STOCKS CAPITALPARTNE COM 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SOLE 942 0 69 GRANT PRIDECO INC COM COM 38821G101 3775 75741 SH SOLE 67100 0 8641 GROUPE BRUXELLES LAMBERT FRN B4746J115 6952 59677 SH SOLE 50169 0 9508 HALLIBURTON COMPANY COM 406216101 2233 70348 SH SOLE 67641 0 2707 HANMI FINL CORP COM COM 410495105 298 15627 SH SOLE 11327 0 4300 HARLEY DAVIDSON INC COM 412822108 251 4275 SH SOLE 4275 0 0 HARRAH'S ENTERTAINMENT COM 413619107 287 3394 SH SOLE 3245 0 149 HARTFORD FINL SVCS GROUP COM 416515104 545 5703 SH SOLE 5492 0 211 HEINEKEN N V ADR FRN 423012202 424 16212 SH SOLE 15762 0 450 HEINZ, H J COMPANY COM 423074103 364 7725 SH SOLE 6925 0 800 HELIX ENERGY SOLUTIONS GRP INC COM 42330P107 408 10935 SH SOLE 10743 0 192 HEWLETT PACKARD CO COM 428236103 1520 37862 SH SOLE 32762 0 5100 HICKORY TECH CORP COM COM 429060106 425 61347 SH SOLE 53547 0 7800 HOME DEPOT INC COM 437076102 1436 39085 SH SOLE 36700 0 2385 HOSPIRA INC COM COM 441060100 511 12483 SH SOLE 12277 0 206 HSBC HOLDINGS PLC FRN 404280406 2839 32331 SH SOLE 30247 0 2084 HUNTINGTON BANCSHARES INC COM 446150104 4347 198959 SH SOLE 188001 0 10958 HYFLUX LTD SHS FRN Y3817K105 603 338900 SH SOLE 324400 0 14500 I B M COM 459200101 843 8941 SH SOLE 7735 0 1206 ILLINOIS TOOL WORKS INC COM 452308109 279 5416 SH SOLE 5216 0 200 INBEV SA BRUXELLES FRN B5064A107 219 3050 SH SOLE 3050 0 0 INFOSYS TECHNOLOGIES LTD ADR S FRN 456788108 314 6254 SH SOLE 5952 0 302 ING GROEP N V SPONSORED ADR FRN 456837103 447 10562 SH SOLE 10000 0 562 INGERSOLL-RAND CO LTD CL A COM FRN G4776G101 304 7015 SH SOLE 4796 0 2219 INGLES MKTS INC CL A COM 457030104 441 10808 SH SOLE 0 0 10808 INNKEEPERS USA TR COM 4576J0104 3285 201785 SH SOLE 188754 0 13032 INTEGRYS ENERGY GROUP INC COM 45822P105 350 6301 SH SOLE 5653 0 647 INTEL CORP COM 458140100 627 32762 SH SOLE 30931 0 1831 INTERNATIONAL COAL GRP INC NCO COM 45928H106 430 81850 SH SOLE 79925 0 1925 INTERNATIONAL GAME TECH COM 459902102 275 6805 SH SOLE 4487 0 2318 INTERNATIONAL PAPER CO COM 460146103 2389 65619 SH SOLE 59956 0 5663 INTERNATIONAL TIME RES INC COM FRN 46049W105 8 18000 SH SOLE 18000 0 0 INTERSECTIONS INC COM COM 460981301 658 65475 SH SOLE 55275 0 10200 INVESTORS BANCORP INC COM COM 46146P102 188 13000 SH SOLE 13000 0 0 IPSCO INC COM FRN 462622101 878 6679 SH SOLE 5579 0 1100 J ALEXANDER CORP COM COM 466096104 126 11400 SH SOLE 10400 0 1000 J.P. MORGAN CHASE & CO COM 46625H100 3027 62570 SH SOLE 23220 0 39350 JOHNSON & JOHNSON COM 478160104 7618 126417 SH SOLE 96691 0 29726 JOY GLOBAL INC COM COM 481165108 515 12001 SH SOLE 11651 0 350 K V PHARMACEUTICAL CO CL A COM 482740206 1106 44724 SH SOLE 44724 0 0 KEPPEL LD LTD ORD FRN V87778102 649 103800 SH SOLE 102800 0 1000 KEPPEL LTD SHS FRN V53838112 690 55150 SH SOLE 52700 0 2450 KEYCORP COM 493267108 6650 177476 SH SOLE 152304 0 25172 KIMBERLY CLARK CORP COM 494368103 1954 28529 SH SOLE 27091 0 1439 KINDER MORGAN EGY PTNS L P UT COM 494550106 296 5628 SH SOLE 4928 0 700 KING PHARMACEUTICALS INC COM COM 495582108 328 16700 SH SOLE 16700 0 0 KOHLS CORP COM 500255104 222 2896 SH SOLE 2896 0 0 LABORATORY CORP AMER HLDGS COM COM 50540R409 661 9100 SH SOLE 7825 0 1275 LAIDLAW INTL INC COM COM 50730R102 216 6250 SH SOLE 5900 0 350 LEHMAN BROS HLDGS INC COM 524908100 408 5822 SH SOLE 5677 0 145 LEUCADIA NATL CORP COM COM 527288104 1200 40793 SH SOLE 38343 0 2450 LEVEL 3 COMMUNICATIONS INC COM COM 52729N100 417 68296 SH SOLE 67047 0 1249 LIBERTY GLOBAL INC COM SER A COM 530555101 548 16630 SH SOLE 10565 0 6065 LIBERTY GLOBAL INC COM SER C COM 530555309 513 16732 SH SOLE 10667 0 6065 LIBERTY MEDIA HLDG CORP CAP CO COM 53071M302 328 2964 SH SOLE 2713 0 251 LIBERTY MEDIA HLDG CORP INT CO COM 53071M104 4574 192012 SH SOLE 153138 0 38874 LILLY, ELI AND COMPANY COM 532457108 21383 398119 SH SOLE 386932 0 11187 LIMITED BRANDS INC COM 532716107 290 11132 SH SOLE 10834 0 298 LIN TV CORP CL A COM 532774106 212 13315 SH SOLE 13315 0 0 LINCARE HLDGS INC COM COM 532791100 1416 38625 SH SOLE 31211 0 7414 LINCOLN BANCORP IND COM COM 532879103 1004 52473 SH SOLE 43673 0 8800 LKQ CORP COM COM 501889208 988 45200 SH SOLE 45200 0 0 LOCKHEED MARTIN CORP COM 539830109 1228 12660 SH SOLE 11680 0 980 LOEWS CORP COM 540424108 2625 57792 SH SOLE 53573 0 4219 LOOKSMART LTD COM NEW COM 543442503 115 29957 SH SOLE 29957 0 0 LOOPNET INC COM COM 543524300 265 15477 SH SOLE 15477 0 0 MACQUARIE INFRASTRUCTURE CO SH COM 55607X108 594 15125 SH SOLE 12525 0 2600 MAF BANCORP INC COM COM 55261R108 210 5068 SH SOLE 5068 0 0 MANITOWOC CO COM COM 563571108 375 5900 SH SOLE 3700 0 2200 MARINE HARVEST ASA FRN R2326D105 55 46100 SH SOLE 46100 0 0 MARTIN MARIETTA MTLS INC COM 573284106 3820 28256 SH SOLE 24956 0 3300 MEDTRONIC INC COM 585055106 1389 28314 SH SOLE 17704 0 10610 MELLON FINL CORP COM 58551A108 268 6210 SH SOLE 6210 0 0 MENS WEARHOUSE INC COM 587118100 259 5510 SH SOLE 3510 0 2000 MERCK & CO INC COM 589331107 3322 75208 SH SOLE 58841 0 16367 MERIDIAN GOLD INC COM COM 589975101 935 36625 SH SOLE 32975 0 3650 METLIFE INC COM COM 59156R108 327 5175 SH SOLE 4174 0 1001 MGIC INVT CORP WIS COM 552848103 317 5388 SH SOLE 5293 0 95 MICROSOFT CORP COM 594918104 6843 245541 SH SOLE 223260 0 22281 MINERALS MINING CORP DEL COM 603156100 0 113299 SH SOLE 113299 0 0 MITSUBISHI HEAVY INDS LTD COM FRN J44002129 9273 1436825 SH SOLE 1290125 0 146700 MOLEX INC COM 608554101 304 10794 SH SOLE 10107 0 687 MOODYS CORP COM COM 615369105 323 5200 SH SOLE 5200 0 0 MORGAN STANLEY DEAN WITTER DIS COM 617446448 593 7527 SH SOLE 7527 0 0 MORTGAGE XPRESS INC COM COM 619152101 0 10000 SH SOLE 10000 0 0 MOTOROLA INC COM 620076109 598 33864 SH SOLE 32233 0 1631 MYLAN LABS INC COM 628530107 727 34391 SH SOLE 32936 0 1455 MYRIAD GENETICS INC COM COM 62855J104 518 15034 SH SOLE 13659 0 1375 NABORS INDUSTRIES LTD NEW COM FRN G6359F103 705 23748 SH SOLE 22980 0 768 NATIONAL BANCSHARES CORP OHICO COM 632592101 2684 118897 SH SOLE 31273 0 87624 NATIONAL CITY CORP COM 635405103 2487 66758 SH SOLE 62775 0 3983 NATIONAL-OILWELL INC COM COM 637071101 18718 240618 SH SOLE 207071 0 33547 NATL BK OF INDNPLS CORP COM 633717103 756 15685 SH SOLE 15685 0 0 NESTLE S A SPON ADR REG FRN 641069406 842 8664 SH SOLE 8294 0 370 NETGEAR INC COM COM 64111Q104 213 7450 SH SOLE 7450 0 0 NETMED INC OHIO COM COM 64114Q101 1 42900 SH SOLE 42900 0 0 NEWELL RUBBERMAID INC. COM 651229106 249 8000 SH SOLE 8000 0 0 NEWS CORP CL A COM 65248E104 1330 57532 SH SOLE 57532 0 0 NEWS CORP CL B COM 65248E203 485 19816 SH SOLE 19816 0 0 NICOR INC COM COM 654086107 3214 66383 SH SOLE 62308 0 4075 NII HLDGS INC CL B NEW COM 62913F201 480 6470 SH SOLE 5895 0 575 NIKE INC CLASS B COM 654106103 254 2393 SH SOLE 1850 0 543 NISOURCE INC COM 65473P105 437 17883 SH SOLE 14858 0 3025 NOBLE CORPORATION COM COM G65422100 1042 13247 SH SOLE 12493 0 754 NOBLE GROUP LTD SHS FRN G6542T119 364 375000 SH SOLE 368000 0 7000 NOKIA CORP FRN 654902204 440 19195 SH SOLE 17595 0 1600 NORDSTROM INC COM 655664100 245 4629 SH SOLE 4049 0 580 NORFOLK SOUTHN CORP COM 655844108 1629 32199 SH SOLE 26282 0 5917 NORTH AMERN PALLADIUM LTD COM FRN 656912102 115 15925 SH SOLE 14625 0 1300 NORTH TEXAS BANCSHARES INCORP COM BT2888144 583 10050 SH SOLE 10050 0 0 NORTHAMERICAN ENERGY GROUP CCO COM 663462208 3 26000 SH SOLE 26000 0 0 NORTHROP GRUMMAN CORP COM COM 666807102 655 8820 SH SOLE 8570 0 250 NOVO-NORDISK A S ADR FRN 670100205 650 7175 SH SOLE 6550 0 625 NSTAR COM COM 67019E107 3106 88443 SH SOLE 82811 0 5632 NUCOR CORP COM 670346105 234 3590 SH SOLE 2390 0 1200 NUTRI SYS INC NEW COM COM 67069D108 441 8416 SH SOLE 7987 0 429 NUVEEN MA PREM INC MUN FD MUN PFD 67061E203 225 9 SH SOLE 9 0 0 NUVEEN PFD & CONV INCOMEFUND P PFD 67073D607 1000 40 SH SOLE 40 0 0 NUVEEN QUALITY PFD INC FUND 3 PFD 67072W309 1000 40 SH SOLE 40 0 0 NVIDIA CORP COM COM 67066G104 320 11121 SH SOLE 10633 0 488 NYSE GROUP INC COM COM 62949W103 217 2317 SH SOLE 1217 0 1100 OCWEN FINANCIAL CORP NEW COM 675746309 320 24900 SH SOLE 24900 0 0 ODYSSEY HEALTHCARE INC COM COM 67611V101 269 20468 SH SOLE 19364 0 1104 OIL CO LUKOIL ADR SPONSORED FRN 677862104 2042 23685 SH SOLE 22585 0 1100 OIL STS INTL INC COM COM 678026105 325 10136 SH SOLE 9956 0 180 OLD SECOND BANCORP INC ILL COM COM 680277100 365 13332 SH SOLE 13332 0 0 OLIN CORP COM PAR $1. COM 680665205 1254 74020 SH SOLE 66435 0 7585 OMNICARE INC COM 681904108 1518 38159 SH SOLE 31035 0 7124 ORACLE SYS CORP COM 68389X105 569 31386 SH SOLE 30361 0 1025 ORBITAL SCIENCES CORP COM 685564106 1617 86285 SH SOLE 69776 0 16509 PABRAI INVESTMENT FUND 3 LIMI COM BT3890508 2314 76109 SH SOLE 43700 0 32409 PABRAI INVESTMENT FUND 4 LIMI COM BT3890909 1458 84633 SH SOLE 84633 0 0 PACKAGING CORP AMER COM COM 695156109 4320 177042 SH SOLE 168011 0 9031 PARGESA HOLDING SA GENEVE SHS FRN H60477207 754 7220 SH SOLE 6795 0 425 PEABODY ENERGY CORP COM 704549104 6013 149417 SH SOLE 122428 0 26989 PENN WEST ENERGY TR UNIT FRN 707885109 877 29840 SH SOLE 27265 0 2575 PEP BOYS MANNY MOE & JACK COM 713278109 250 13081 SH SOLE 12392 0 689 PEPSI BOTTLING GROUP INC COM COM 713409100 1662 52132 SH SOLE 42624 0 9508 PEPSICO INC COM 713448108 6976 109762 SH SOLE 92792 0 16970 PETROBRAS BRASILEIRO ADR SPONS FRN 71654V408 522 5250 SH SOLE 4400 0 850 PETROCHINA CO LTD SPONSORED AD FRN 71646E100 700 5982 SH SOLE 5632 0 350 PETSMART INC COM COM 716768106 338 10248 SH SOLE 10248 0 0 PFIZER INC COM 717081103 4538 179651 SH SOLE 167591 0 12060 PHILIPPINE LONG DISTANCE TELAD FRN 718252604 900 17040 SH SOLE 15540 0 1500 PICO HLDGS INC COM NEW COM 693366205 261 6100 SH SOLE 6100 0 0 PILGRIMS PRIDE CORP COM COM 721467108 3953 119090 SH SOLE 108865 0 10225 PINNACLE AIRL CORP COM COM 723443107 458 26475 SH SOLE 19975 0 6500 PLANTRONICS INC NEW COM COM 727493108 709 30013 SH SOLE 29370 0 643 PLAYERS NETWORK COM COM 72811P102 1 10000 SH SOLE 10000 0 0 PLEXUS CORP COM COM 729132100 790 45876 SH SOLE 44808 0 1068 PLUM CREEK TIMBER CO INC COM COM 729251108 7675 194696 SH SOLE 163721 0 30975 PNC FINANCIAL CORP COM 693475105 2429 33750 SH SOLE 29794 0 3956 POLARIS INDS INC COM COM 731068102 3384 70526 SH SOLE 66141 0 4385 POTASH CORP SASK INC FRN 73755L107 1168 7302 SH SOLE 4252 0 3050 PRAXAIR INC COM 74005P104 242 3839 SH SOLE 2415 0 1424 PRECISION CASTPARTS CORP COM COM 740189105 434 4169 SH SOLE 3967 0 202 PRECISION DRILLING TRUST FRN 740215108 263 11526 SH SOLE 11126 0 400 PROCTER & GAMBLE COMPANY COM 742718109 3567 56468 SH SOLE 51670 0 4798 PROGRESS ENERGY COM 743263105 261 5178 SH SOLE 4976 0 202 PROGRESSIVE CORP OHIO COM 743315103 214 9820 SH SOLE 8996 0 824 PROLOGIS TR SH BEN INT COM 743410102 501 7713 SH SOLE 6918 0 795 PVF CAPITAL CORP COM COM 693654105 225 18175 SH SOLE 18175 0 0 QUADRIGA SUPERFUND SER BLTD PA COM 74731W209 346 253 SH SOLE 253 0 0 QUALCOMM INC COM COM 747525103 1288 30185 SH SOLE 22085 0 8100 RANDGOLD RES LTD ADR FRN 752344309 1123 46980 SH SOLE 42580 0 4400 RANGE RES CORP COM COM 75281A109 251 7500 SH SOLE 7500 0 0 RAYONIER INC COM COM 754907103 9355 217554 SH SOLE 190445 0 27109 REDDY ICE HLDGS INC COM COM 75734R105 303 10030 SH SOLE 9764 0 266 REGAL BELOIT CORP COM COM 758750103 358 7728 SH SOLE 7590 0 138 REGIONS FINANCIAL CORP (NEW) COM 7591EP100 2904 82104 SH SOLE 76880 0 5225 RELIANCE STL & ALUM CO COM COM 759509102 378 7800 SH SOLE 6000 0 1800 RELIANT RES INC COM COM 75952B105 1078 53075 SH SOLE 53075 0 0 RESEARCH FRONTIERS INC COM COM 760911107 166 17320 SH SOLE 17320 0 0 RESEARCH IN MOTION LTD COM FRN 760975102 339 2481 SH SOLE 2362 0 119 REYNOLDS AMERICAN INC COM 761713106 282 4525 SH SOLE 4525 0 0 RF MICRO DEVICES INC COM COM 749941100 351 56415 SH SOLE 53593 0 2822 RH DONNELLEY CORP COM COM 74955W307 298 4200 SH SOLE 4200 0 0 RIO TINTO PLC ADR SPONSORED FRN 767204100 258 1134 SH SOLE 1134 0 0 ROCKWELL INTL CORP NEW COM COM 773903109 286 4779 SH SOLE 779 0 4000 ROWAN COS INC COM COM 779382100 836 25757 SH SOLE 25473 0 284 ROYAL DUTCH SHELL PLC SPONS AD FRN 780259206 608 9167 SH SOLE 7767 0 1400 ROYCE PRIVET FUND LTD PA COM BT3889284 933 933487 SH SOLE 933487 0 0 RWE AG SPONSORED ADR FRN 74975E303 260 2445 SH SOLE 2445 0 0 SAN JUAN BASIN RTY TR UNIT BEN COM 798241105 234 7500 SH SOLE 5200 0 2300 SANDERSON FARMS INC COM COM 800013104 4049 109260 SH SOLE 100010 0 9250 SANMINA CORP COM COM 800907107 44 12252 SH SOLE 12252 0 0 SANOFI-SYNTHELABO SPONSORED AD FRN 80105N105 880 20227 SH SOLE 18521 0 1706 SAPPORO BREWERIES LTD ORD FRN J69413128 6694 953450 SH SOLE 850700 0 102750 SASKATCHEWAN WHEAT POOL COM FRN 803914209 8828 1213250 SH SOLE 1078250 0 135000 SCHERING PLOUGH CORP COM 806605101 427 16746 SH SOLE 15953 0 793 SCHLUMBERGER COM 806857108 870 12591 SH SOLE 11391 0 1200 SEASPAN CORP SHS FRN Y75638109 1618 60390 SH SOLE 56265 0 4125 SEMPRA ENERGY CORP COM COM 816851109 1709 28015 SH SOLE 22815 0 5200 SEQUA CORP CL A COM 817320104 4953 41357 SH SOLE 37191 0 4166 SHAW GROUP INC COM COM 820280105 305 9750 SH SOLE 6350 0 3400 SIERRA PAC RES NEW COM COM 826428104 14206 817389 SH SOLE 735298 0 82091 SIGMA ALDRICH CORP COM 826552101 3254 78375 SH SOLE 63841 0 14534 SIMDESK TECHNOLOGIES INC COM BT3374208 1000 1663704 SH SOLE 1663704 0 0 SIRIUS SATELLITE RADIO IND COM 82966U103 84 26400 SH SOLE 22400 0 4000 SKY FINL GROUP INC COM COM 83080P103 597 22238 SH SOLE 10238 0 12000 SNAP ON INC COM COM 833034101 283 5882 SH SOLE 5722 0 160 SONOCO PRODUCTS COM 835495102 1351 35939 SH SOLE 27841 0 8098 SONY CORP ADR FRN 835699307 470 9303 SH SOLE 9135 0 168 SOUTHERN AFRICA FUND XXXSUBMIT COM 842ESC105 0 10116 SH SOLE 8791 0 1325 SOUTHERN CO COM 842587107 311 8483 SH SOLE 8483 0 0 SOUTHERN COPPER CORPORATION COM 84265V105 208 2900 SH SOLE 2900 0 0 SOUTHWEST AIRLS CO COM 844741108 360 24456 SH SOLE 17937 0 6519 SPECTRA ENERGY CORP COM COM 847560109 618 23537 SH SOLE 23424 0 113 SPRINT CORP COM 852061100 1685 88875 SH SOLE 75613 0 13261 ST JOE CO COM COM 790148100 468 8940 SH SOLE 8940 0 0 ST MARY LD & EXPL CO COM COM 792228108 257 7000 SH SOLE 7000 0 0 STAPLES INC COM COM 855030102 250 9687 SH SOLE 5187 0 4500 STARBUCKS CORP COM COM 855244109 465 14840 SH SOLE 12040 0 2800 STARWOOD HOTELS & RESORTS WRLD COM 85590A401 555 8556 SH SOLE 7916 0 640 STERLING BANCSHARES INC COM COM 858907108 1463 130837 SH SOLE 105887 0 24950 STRATEGIC HOTEL CAP INC COM COM 86272T106 549 23984 SH SOLE 23984 0 0 STRYKER CORP COM COM 863667101 525 7909 SH SOLE 7483 0 426 SUN CMNTYS INC COM COM 866674104 321 10338 SH SOLE 8788 0 1550 SUN LIFE FINL SVCS CDA INC COM FRN 866796105 377 8295 SH SOLE 8295 0 0 SUNCOR INC COM FRN 867229106 1149 15043 SH SOLE 14168 0 875 SUPERIOR ENERGY SVCS INC COM COM 868157108 995 28862 SH SOLE 25403 0 3459 SWATCH GROUP NAMEN AKT FRN H83949133 257 4825 SH SOLE 4825 0 0 SXR URANIUM ONE INC COM COM 87112P106 8758 635910 SH SOLE 556860 0 79050 SYMANTEC CORP COM COM 871503108 228 13198 SH SOLE 2143 0 11055 SYSCO CORPORATION COM 871829107 265 7841 SH SOLE 5091 0 2750 TAIWAN SEMICONDUCTOR MFG CO AD FRN 874039100 8913 829081 SH SOLE 750181 0 78900 TALISMAN ENERGY INC COM FRN 87425E103 310 17644 SH SOLE 17044 0 600 TARGET CORP COM 87612E106 753 12710 SH SOLE 10870 0 1840 TELECOM CORP NEW ZEALAND LTDSP FRN 879278208 836 30726 SH SOLE 27898 0 2828 TELEFONOS DE MEXICO SPON ADR R FRN 879403780 765 22899 SH SOLE 21503 0 1396 TELEPHONE & DATA SYS INC COM COM 879433100 1734 29079 SH SOLE 25764 0 3315 TELEPHONE & DATA SYS INC SPL C COM 879433860 1611 28828 SH SOLE 25513 0 3315 TELETECH HLDGS INC COM COM 879939106 537 14641 SH SOLE 13978 0 663 TEREX CORP NEW COM COM 880779103 226 3145 SH SOLE 3055 0 90 TETRA TECHNOLOGIES INC DEL COM COM 88162F105 3736 151178 SH SOLE 131259 0 19919 TEXAS INSTRUMENTS INC COM 882508104 570 18921 SH SOLE 18477 0 444 THERMO ELECTRON CORP COM 883556102 2275 48670 SH SOLE 46187 0 2483 THOMAS & BETTS CORP COM COM 884315102 1563 32009 SH SOLE 26024 0 5985 THORNBURG MTG ASSET CORP COM 885218107 3138 120700 SH SOLE 93525 0 27175 TIDEWATER INC COM COM 886423102 434 7404 SH SOLE 7281 0 123 TIME WARNER INC COM 887317105 1960 99394 SH SOLE 94786 0 4608 TIMKEN CO COM COM 887389104 1576 51982 SH SOLE 1000 0 50982 TITAN PHARMACEUTCLS INC DEL CO COM 888314101 75 30000 SH SOLE 30000 0 0 TOURNIGAN GOLD CORP COM FRN 891565103 181 69600 SH SOLE 67800 0 1800 TOWER GROUP INC COM COM 891777104 317 9835 SH SOLE 8515 0 1320 TOYOTA MTR CORP ADR 1 SH FRN 892331307 5297 41335 SH SOLE 36965 0 4370 TRANSOCEAN SEDCO FOREX INC COM G90078109 13776 168612 SH SOLE 148702 0 19910 TRAPEZA PARTNERS IV LIMITE COM BT3890507 1174 1173842 SH SOLE 1173842 0 0 TREMONT OPPORTUNITY FUNDII LIM COM BT3890785 37 37359 SH SOLE 37359 0 0 TWEEN BRANDS INC COM 901166108 1612 45123 SH SOLE 36600 0 8523 TYCO INTL LTD NEW COM FRN 902124106 218 6900 SH SOLE 6800 0 100 U S BANCORP COM 902973304 602 17201 SH SOLE 17001 0 200 UAP HLDG CORP COM COM 903441103 539 20850 SH SOLE 19850 0 1000 UNDER ARMOUR INC CL A COM 904311107 300 5850 SH SOLE 5850 0 0 UNILEVER N V WI FRN 904784709 2278 77975 SH SOLE 69275 0 8700 UNION PAC CORP COM 907818108 720 7088 SH SOLE 6838 0 250 UNITED FINANCIAL BANCORP INCCO COM 91030R103 200 13500 SH SOLE 13500 0 0 UNITED NAT FOODS INC COM COM 911163103 532 17355 SH SOLE 16065 0 1290 UNITED ONLINE INC COM COM 911268100 3452 246024 SH SOLE 230458 0 15567 UNITED PARCEL SVC INC CL B COM 911312106 1385 19764 SH SOLE 18233 0 1531 UNITED TECHNOLOGIES CORP COM 913017109 1366 21017 SH SOLE 18407 0 2610 UNITEDHEALTH GROUP INC COM 91324P102 6295 118835 SH SOLE 103728 0 15107 UNIVERSAL HEALTH SVCS INC CL B COM 913903100 571 9975 SH SOLE 9669 0 306 USEC INC COM COM 90333E108 541 33289 SH SOLE 33289 0 0 UST INC COM 902911106 237 4095 SH SOLE 4095 0 0 V F CORP COM 918204108 516 6240 SH SOLE 6090 0 150 VALERO REFNG & MARKETING CO CO COM 91913Y100 1521 23590 SH SOLE 19090 0 4500 VALMONT INDS INC COM COM 920253101 374 6464 SH SOLE 6157 0 307 VALSPAR CORP COM COM 920355104 1979 71107 SH SOLE 58487 0 12620 VALUE REAL ESTATE INVEST COM BT3725243 47 47008 SH SOLE 47008 0 0 VCA ANTECH INC COM COM 918194101 522 14370 SH SOLE 12950 0 1420 VECTREN CORP COM COM 92240G101 1734 60635 SH SOLE 53335 0 7300 VEOLIA ENVIRONMENT SPONSORED A FRN 92334N103 354 4759 SH SOLE 4759 0 0 VERIZON COMMUNICATIONS COM 92343V104 4016 105915 SH SOLE 98954 0 6962 VIACELL INC COM COM 92554J105 171 31364 SH SOLE 31364 0 0 VITRO SOCIEDAD ANONIMA SPONSOR FRN 928502301 144 22465 SH SOLE 22465 0 0 VULCAN MATLS CO COM COM 929160109 311 2673 SH SOLE 2673 0 0 WACHOVIA GROUP COM COM 929903102 573 10412 SH SOLE 6170 0 4242 WAL MART STORES INC COM 931142103 3851 82031 SH SOLE 69077 0 12954 WALGREEN COMPANY COM 931422109 382 8334 SH SOLE 7334 0 1000 WALT DISNEY COMPANY COM 254687106 4982 144707 SH SOLE 132808 0 11899 WAL-MART DE MEXICO S A DE C OR FRN P98180105 459 107788 SH SOLE 107788 0 0 WASHINGTON MUT INC COM COM 939322103 3640 90140 SH SOLE 84441 0 5699 WATERS CORP COM COM 941848103 237 4085 SH SOLE 2485 0 1600 WATSCO INC COM COM 942622200 696 13638 SH SOLE 13270 0 368 WEATHERFORD INTL LTD NEW FRN G95089101 405 8975 SH SOLE 5886 0 3089 WELLPOINT INC COM 94973V107 531 6551 SH SOLE 2935 0 3616 WELLS FARGO NEW COM 949746101 1136 33005 SH SOLE 26397 0 6608 WESCO FINL CORP COM COM 950817106 363 790 SH SOLE 790 0 0 WESTERN COPPER CORPARATION FRN 95805Y102 21 10000 SH SOLE 10000 0 0 WESTERN DIGITAL CORPORATION COM 958102105 365 21706 SH SOLE 21365 0 341 WESTERN UN CO COM COM 959802109 620 28263 SH SOLE 24838 0 3425 WILLIAMS CO COM 969457100 258 9081 SH SOLE 9081 0 0 WILLIAMS SONOMA INC COM 969904101 957 26989 SH SOLE 26258 0 731 WILLIS GROUP HLDGS LTD SHS FRN G96655108 1631 41200 SH SOLE 33669 0 7531 WINDSTREAM CORP COM COM 97381W104 900 61274 SH SOLE 53036 0 8238 WISCONSIN ENERGY CORP COM 976657106 314 6475 SH SOLE 6475 0 0 WRIGLEY WM JR CO COM 982526105 240 4720 SH SOLE 4720 0 0 WYETH COM 983024100 2243 44825 SH SOLE 38051 0 6774 WYNN RESORTS LTD COM COM 983134107 308 3250 SH SOLE 3100 0 150 XCEL ENERGY INC COM 98389B100 3409 138070 SH SOLE 129839 0 8231 XM SATELLITE RADIO HLDGS INCCL COM 983759101 131 10147 SH SOLE 10147 0 0 YAMANA GOLD INC COM FRN 98462Y100 6218 432975 SH SOLE 396575 0 36400 YUM BRANDS INC COM COM 988498101 255 4423 SH SOLE 3843 0 580 ZIMMER HLDGS INC COM COM 98956P102 577 6756 SH SOLE 6601 0 155 LINE COUNT: 504 TOTAL VALUE: $816,066,000