13F-HR 1 s13f1007.txt SEC 13F FORM 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, 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 November 12, 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: 10/01/07 2:42 P.M. FORM 13F INFORMATION TABLE AS OF DATE: 09/30/07 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3 COM CORP COM 885535104 6322 1279732 SH SOLE 0 0 1279732 3M COMPANY COM COM 88579Y101 1139 12170 SH SOLE 10689 0 1481 A T & T INC (NEW) COM 00206R102 3251 76829 SH SOLE 29349 0 47480 AAR CORP COM 000361105 889 29290 SH SOLE 21565 0 7725 ABBOTT LABS COM 002824100 5349 99756 SH SOLE 86263 0 13492 ABERCROMBIE & FITCH CO CL A COM 002896207 241 2984 SH SOLE 2856 0 128 ABX AIR INC COM COM 00080S101 530 74800 SH SOLE 70450 0 4350 AER ENERGY RES INC COM 000944108 0 40909 SH SOLE 40909 0 0 AETNA U S HEALTHCARE INC COM COM 00817Y108 248 4563 SH SOLE 4084 0 479 AFLAC INC COM 001055102 1619 28377 SH SOLE 24217 0 4160 AGCO CORP COM 001084102 3116 61373 SH SOLE 48207 0 13166 AGL RES INC COM COM 001204106 4983 125777 SH SOLE 115731 0 10046 AIR NEW ZEALAND SHS FRN Q0169V100 28 15000 SH SOLE 15000 0 0 AIR PRODS & CHEMS INC COM 009158106 248 2537 SH SOLE 2475 0 62 ALCOA INC COM COM 013817101 411 10497 SH SOLE 8062 0 2435 ALLIANT CORP COM COM 018802108 275 7169 SH SOLE 7169 0 0 ALLSTATE CORP COM 020002101 2177 38064 SH SOLE 34234 0 3830 ALLTEL CORP COM 020039103 959 13764 SH SOLE 12274 0 1490 ALTERA CORP COM 021441100 602 25000 SH SOLE 2500 0 22500 ALTRIA GROUP INC COM COM 02209S103 7551 108596 SH SOLE 73369 0 35227 ALUMINUM CORP CHINA LTD SPON A FRN 022276109 1495 21353 SH SOLE 21353 0 0 AMAZON COM INC COM COM 023135106 2239 24036 SH SOLE 22320 0 1716 AMERICA MOVIL S A DE C V SPONS FRN 02364W105 3040 47493 SH SOLE 38201 0 9293 AMERICAN EXPRESS CO COM 025816109 2524 42518 SH SOLE 19155 0 23363 AMERICAN INTL GROUP INC COM 026874107 3600 53219 SH SOLE 46702 0 6517 AMERICAN RAILCAR INDS INC COM COM 02916P103 729 33115 SH SOLE 27665 0 5450 AMERICAN TOWER CORP CL A COM 029912201 348 8004 SH SOLE 6904 0 1100 AMERICREDIT CORP COM COM 03060R101 188 10697 SH SOLE 10437 0 260 AMGEN INC COM 031162100 4392 77632 SH SOLE 65934 0 11698 AMPHENOL CORP NEW CL A COM 032095101 504 12682 SH SOLE 4228 0 8454 ANADARKO PETE CORP COM 032511107 2678 49816 SH SOLE 45280 0 4535 ANGLO AMERN PLC ADR NEW FRN 03485P201 14627 437290 SH SOLE 388744 0 48546 ANHEUSER BUSCH COS INC COM 035229103 2569 51398 SH SOLE 46463 0 4935 ANNALY MTG MGMT INC COM COM 035710409 5028 315604 SH SOLE 500 0 315104 APACHE CORP COM 037411105 1777 19735 SH SOLE 18160 0 1575 APPLE COMPUTER INC COM 037833100 4775 31113 SH SOLE 9485 0 21628 APPLIED MATLS INC COM 038222105 444 21438 SH SOLE 20671 0 767 AQUILA INC COM 03840P102 576 143700 SH SOLE 108550 0 35150 ARACRUZ CELULOSE S A SP ADR RE FRN 038496204 375 5100 SH SOLE 4165 0 935 ARCHER DANIELS MIDLAND COM 039483102 4055 122588 SH SOLE 108051 0 14536 ARRIS GROUP INC COM 04269Q100 151 12230 SH SOLE 11764 0 466 ARTISTIC MEDIA PARTNERS INC CL COM BT1218338 53 11700 SH SOLE 11700 0 0 ASH GROVE CEM CO COM COM 043693100 1700 7295 SH SOLE 6780 0 515 ATWOOD OCEANICS INC COM COM 050095108 606 7912 SH SOLE 7912 0 0 AUTOMATIC DATA PROCESSING COM 053015103 376 8181 SH SOLE 8081 0 100 AVALON VENTURES LTD COM FRN 05348K105 15 10000 SH SOLE 10000 0 0 AVID TECHNOLOGY INC COM COM 05367P100 7400 273276 SH SOLE 0 0 273276 AXA-UAP SPONSORED ADR FRN 054536107 1131 25348 SH SOLE 23981 0 1367 BAIDU.COM INC SPONSO FRN 056752108 217 750 SH SOLE 0 0 750 BAKER HUGHES INC COM COM 057224107 2926 32373 SH SOLE 29029 0 3344 BANK AMERICA CORP COM 060505104 8325 165609 SH SOLE 117759 0 47850 BARCLAYS BK PLC ADR PFD SER 1 FRN 06738C828 2250 25000 SH SOLE 0 0 25000 BARNES GROUP INC COM COM 067806109 239 7500 SH SOLE 7500 0 0 BARRICK GOLD CORP FRN 067901108 6005 149089 SH SOLE 128670 0 20419 BEAR STEARNS COS INC COM 073902108 1277 10399 SH SOLE 10151 0 248 BEHAVIORAL RECOGNITION SYSTEM COM BT1308596 50 50000 SH SOLE 50000 0 0 BEIJING CAP INTL ARPT CO LTD FRN Y07717104 44 20000 SH SOLE 19000 0 1000 BELDEN CDT INC COM COM 077454106 2836 60452 SH SOLE 50288 0 10164 BENCHMARK ELECTRS INC COM COM 08160H101 266 11142 SH SOLE 10877 0 265 BERKSHIRE HATHAWAY INC DEL CL COM 084670108 2607 22 SH SOLE 20 0 2 BERKSHIRE HATHAWAY INC DEL CL COM 084670207 11382 2880 SH SOLE 2421 0 459 BEST BUY INC COM COM 086516101 3825 83120 SH SOLE 71379 0 11741 BHP BILLITON LTD SPONSORED ADR FRN 088606108 556 7069 SH SOLE 6949 0 120 BIG LOTS INC COM COM 089302103 246 8229 SH SOLE 8229 0 0 BIL INTL LTD ORD FRN G10995101 72 82000 SH SOLE 66000 0 16000 BIOSPHERE MED INC COM COM 09066V103 65 13652 SH SOLE 13652 0 0 BJ SVCS CO COM COM 055482103 275 10343 SH SOLE 10148 0 195 BLACK BOX CORP COM COM 091826107 666 15575 SH SOLE 8600 0 6975 BOEING CO COM 097023105 2095 19951 SH SOLE 8162 0 11788 BOSTON SCIENTIFIC CORP COM 101137107 5400 387101 SH SOLE 2963 0 384138 BP AMOCO ADS FRN 055622104 5559 80161 SH SOLE 76038 0 4122 BP PRUDHOE BAY RTY TR UNIT BEN COM 055630107 218 2900 SH SOLE 2600 0 300 BRIGHT HORIZONS FAMILY SOLUTCO COM 109195107 264 6151 SH SOLE 5689 0 462 BRISTOL MYERS SQUIBB CO COM 110122108 5330 184945 SH SOLE 141818 0 43127 BRONCO DRILLING CO INC COM COM 112211107 250 16900 SH SOLE 13525 0 3375 BROOKFIELD ASSET MANAGEMENT IN FRN 112585104 296 7698 SH SOLE 7061 0 637 BUCYRUS INTL INC NEW CL A COM 118759109 5817 79755 SH SOLE 69062 0 10693 BUNGE LIMITED COM FRN G16962105 7593 70662 SH SOLE 62162 0 8500 BURLINGTON NTHN SANTA FE COM 12189T104 638 7858 SH SOLE 6373 0 1485 CABELAS INC COM COM 126804301 12142 513400 SH SOLE 0 0 513400 CABLEVISION SYS CORP COM 12686C109 4513 129177 SH SOLE 116277 0 12900 CAMECO CORP COM FRN 13321L108 1297 28050 SH SOLE 23425 0 4625 CAMERON INTRNATIONAL CORP COM 13342B105 542 5877 SH SOLE 4678 0 1199 CAMPBELL FUND TRUST LTD PA COM BT3889840 1588 621 SH SOLE 516 0 105 CANADIAN APT PPTYS REAL ESTATR FRN 134921105 962 50420 SH SOLE 46270 0 4150 CANADIAN NAT RES LTD COM FRN 136385101 24352 321475 SH SOLE 271963 0 49512 CANADIAN NATL RY CO FRN 136375102 4224 74107 SH SOLE 62502 0 11605 CANADIAN PAC RY LTD FRN 13645T100 3207 45620 SH SOLE 42970 0 2650 CARDINAL HEALTH INC COM 14149Y108 1936 30969 SH SOLE 1723 0 29246 CATALYST PAPER CORP COM FRN 14888T104 2004 1006500 SH SOLE 852700 0 153800 CATERPILLAR INC COM 149123101 1458 18588 SH SOLE 15988 0 2600 CBIZ INC COM COM 124805102 80 10000 SH SOLE 0 0 10000 CBS CORP NEW CL B COM 124857202 8498 269793 SH SOLE 1852 0 267941 CEDAR FAIR L P DEP UNITS COM 150185106 768 32198 SH SOLE 28798 0 3400 CELGENE CORP COM COM 151020104 1647 23091 SH SOLE 8430 0 14661 CEMEX S A ADR SPSRD NEW FRN 151290889 236 7873 SH SOLE 5685 0 2188 CENTERPOINT ENERGY INC COM COM 15189T107 9926 619232 SH SOLE 538023 0 81209 CENTURY ALUM CO COM COM 156431108 3169 60190 SH SOLE 53640 0 6550 CENTURYTEL, INC COM 156700106 1204 26055 SH SOLE 24807 0 1248 CHESAPEAKE ENERGY CORP COM COM 165167107 44390 1258940 SH SOLE 7115 0 1251825 CHEVRONTEXACO CORPORATION COM 166764100 3315 35419 SH SOLE 26188 0 9231 CHICAGO BRIDGE & IRON CO N Y R FRN 167250109 2466 57260 SH SOLE 49750 0 7510 CHINA MOBILE HONG KONG LTD ADR FRN 16941M109 334 4075 SH SOLE 4075 0 0 CHUBB CORP COM COM 171232101 1391 25931 SH SOLE 24279 0 1652 CINCINNATI BELL INC NEW COM COM 171871106 68 13850 SH SOLE 12600 0 1250 CINCINNATI FINL CORP COM COM 172062101 518 11959 SH SOLE 11959 0 0 CINTAS CORP COM 172908105 966 26044 SH SOLE 24538 0 1506 CIRCUIT CITY STORES INC COM 172737108 426 53915 SH SOLE 49502 0 4413 CISCO SYS INC COM 17275R102 4466 134816 SH SOLE 105594 0 29222 CIT GROUP INC COM COM 125581108 2014 50099 SH SOLE 40768 0 9331 CITIGROUP INC. COM 172967101 2151 46088 SH SOLE 34704 0 11384 CITIZENS COMMUNICATIONS CO COM COM 17453B101 11193 781605 SH SOLE 682063 0 99542 CITRIX SYS INC COM COM 177376100 976 24206 SH SOLE 2090 0 22116 CLEVELAND CLIFFS INC COM COM 185896107 292 3321 SH SOLE 2351 0 970 CME GROUP INC COM 12572Q105 460 784 SH SOLE 784 0 0 CMS ENERGY CORP COM 125896100 9445 561512 SH SOLE 497664 0 63848 COACH INC COM COM 189754104 2599 54985 SH SOLE 16326 0 38659 COCA COLA CO COM 191216100 4737 82428 SH SOLE 45605 0 36823 COGNIZANT TECHNLGY SLTNS CORCL COM 192446102 1686 21127 SH SOLE 330 0 20797 COLDWATER CREEK INC COM COM 193068103 2499 230113 SH SOLE 184816 0 45297 COLGATE PALMOLIVE CO COM 194162103 1193 16730 SH SOLE 13030 0 3700 COLONIAL CAPITAL TR IV 7.875% PFD 19560Q203 279 11260 SH SOLE 5900 0 5360 COMCAST CORP CL A SPL COM 20030N200 1104 46080 SH SOLE 24826 0 21254 COMCAST CORP NEW COM CL A COM 20030N101 2218 91723 SH SOLE 72583 0 19140 COMMERCIAL METALS CO COM COM 201723103 411 12990 SH SOLE 9845 0 3145 COMMSCOPE INC COM COM 203372107 364 7250 SH SOLE 4250 0 3000 COMMUNITY BANKSHARES INC COLCD COM 20364D109 1140 26500 SH SOLE 24000 0 2500 CONAGRA INC COM 205887102 395 15117 SH SOLE 11917 0 3200 CONOCOPHILLIPS COM COM 20825C104 2758 31429 SH SOLE 19001 0 12428 CONSTELLATION ENERGY GROUP ICO COM 210371100 1252 14592 SH SOLE 3770 0 10822 CORE LABORATORIES N V ORD FRN N22717107 229 1798 SH SOLE 1798 0 0 CORE MARK HOLDING CO INC COM COM 218681104 212 6021 SH SOLE 6021 0 0 CORN PRODS INTL INC COM COM 219023108 1186 25862 SH SOLE 24574 0 1288 CORNING INC COM 219350105 6666 270442 SH SOLE 230252 0 40189 CORRECTIONS CORP AMER NEW COM COM 22025Y407 383 14650 SH SOLE 1100 0 13550 CORUS BANKSHARES INC COM COM 220873103 417 31995 SH SOLE 30858 0 1137 COSTCO WHOLESALE CORP COM 22160K105 214 3480 SH SOLE 2107 0 1373 COVENTRY HEALTH CARE INC COM COM 222862104 2861 45990 SH SOLE 3203 0 42787 CRESUD S A C I F Y A ADR SPONS FRN 226406106 219 9650 SH SOLE 7000 0 2650 CUMMINS ENGINE INC COM 231021106 1348 10537 SH SOLE 5755 0 4782 CUNDILL GLOBAL VALUE LIMITE COM BT3888151 4029 4028734 SH SOLE 3063280 0 965454 CVS CORP COM 126650100 2840 71669 SH SOLE 24927 0 46742 D & E COMMUNICATIONS INC COM COM 232860106 1271 89388 SH SOLE 80221 0 9167 DANAHER CORP COM 235851102 547 6609 SH SOLE 5509 0 1100 DEERE & CO. COM 244199105 449 3024 SH SOLE 2521 0 503 DELL INC COM 24702R101 2021 73222 SH SOLE 4229 0 68993 DELTA FINL CORP COM COM 247918105 422 85850 SH SOLE 74670 0 11180 DELTIC TIMBER CORP COM COM 247850100 313 5500 SH SOLE 5500 0 0 DELUXE CORP COM 248019101 474 12865 SH SOLE 12392 0 473 DENTSPLY INTL INC NEW COM 249030107 234 5626 SH SOLE 5426 0 200 DETOUR GOLD CORPORATION COM COM 250669108 673 86300 SH SOLE 69500 0 16800 DEVON ENERGY CORP NEW COM COM 25179M103 735 8835 SH SOLE 4115 0 4720 DIAGEO PLC NEW SPN ADR E FRN 25243Q205 1740 19836 SH SOLE 17986 0 1850 DIAMOND OFFSHORE DRILLNG INCCO COM 25271C102 1359 11996 SH SOLE 10907 0 1088 DIRECTV GROUP INC COM 25459L106 396 16304 SH SOLE 16075 0 229 DOMINION RES INC VA NEW COM COM 25746U109 327 3875 SH SOLE 3875 0 0 DOW CHEMICAL CORP COM 260543103 553 12836 SH SOLE 7646 0 5190 DRESS BARN INC COM COM 261570105 187 11000 SH SOLE 0 0 11000 DRESSER RAND GROUP INC COM 261608103 638 14942 SH SOLE 10842 0 4100 DRIL-QUIP INC COM COM 262037104 294 5950 SH SOLE 5750 0 200 DRS TECHNOLOGIES INC COM COM 23330X100 20822 377760 SH SOLE 0 0 377760 DTE ENERGY CO COM COM 233331107 4074 84109 SH SOLE 77193 0 6916 DU PONT E I DE NEMOURS CO COM 263534109 5206 105040 SH SOLE 97253 0 7787 DUKE ENERGY CORP COM 26441C105 4602 246237 SH SOLE 227037 0 19201 DUKE RLTY INVTS INC COM NEW COM 264411505 262 7760 SH SOLE 5810 0 1950 DUNDEE PRECIOUS METALS INC COM FRN 265269209 3459 419300 SH SOLE 366150 0 53150 E M C CORP MASS COM COM 268648102 407 19574 SH SOLE 16400 0 3174 E TRADE GROUP INC COM COM 269246104 240 18425 SH SOLE 17812 0 613 EATON CORP COM 278058102 1488 15025 SH SOLE 15025 0 0 EATON VANCE MUNI INCOME TRUSPF PFD 27826U207 650 26 SH SOLE 26 0 0 EBAY INC COM COM 278642103 4658 119378 SH SOLE 22997 0 96381 ECHOSTAR COMMUN CORP NEW CL A COM 278762109 918 19615 SH SOLE 16015 0 3600 ECOLAB INC COM 278865100 1268 26868 SH SOLE 25346 0 1522 EDISON INTERNATIONAL COM 281020107 2014 36321 SH SOLE 29686 0 6635 EL PASO CORPORATION COM 28336L109 6496 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2326 117708 SH SOLE 67345 0 50363 FISERV INC COM COM 337738108 1346 26471 SH SOLE 24826 0 1645 FLORIDA ROCK INDS INC COM COM 341140101 392 6274 SH SOLE 5884 0 390 FLUOR CORP NEW COM COM 343412102 413 2865 SH SOLE 1965 0 900 FMC TECHNOLOGIES INC COM COM 30249U101 518 8989 SH SOLE 7647 0 1342 FOSTER WHEELER LTD SHS NEW FRN G36535139 6564 50000 SH SOLE 44750 0 5250 FPL GROUP INC COM COM 302571104 571 9377 SH SOLE 7354 0 2023 FRANCE TELECOM ADR SPONSORED FRN 35177Q105 221 6613 SH SOLE 5545 0 1068 FRANKLIN ELEC INC COM COM 353514102 456 11085 SH SOLE 11085 0 0 FREEPORT MCMORAN COPPER & GOLD COM 35671D857 1576 15030 SH SOLE 14606 0 424 GANNETT INC DEL COM 364730101 723 16550 SH SOLE 15555 0 994 GARDNER DENVER MACHY INC COM COM 365558105 366 9373 SH SOLE 9047 0 326 GARMIN LTD ORD FRN G37260109 716 5997 SH SOLE 988 0 5009 GAZPROM O A O SPONS ADR REG S FRN 368287207 566 12874 SH SOLE 8024 0 4850 GENENTECH INC COM NEW COM 368710406 409 5247 SH SOLE 3274 0 1973 GENERAL CABLE CORP DEL NEW COM COM 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INSTRUMENTS INC COM 882508104 744 20323 SH SOLE 17027 0 3296 THERMO ELECTRON CORP COM 883556102 2268 39301 SH SOLE 23736 0 15565 THOMAS & BETTS CORP COM COM 884315102 418 7125 SH SOLE 4425 0 2700 THOMPSON CREEK METALS COMPANY FRN 884768102 201 9100 SH SOLE 7800 0 1300 THORNBURG MTG ASSET CORP COM 885218107 1891 147194 SH SOLE 2000 0 145194 THORNBURG MTG INC PFD SER C 8. PFD 885218305 995 52570 SH SOLE 41670 0 10900 TIANJIN PORT DEVELOPMENTHOLDIN FRN G88680106 449 420000 SH SOLE 393000 0 27000 TIDELANDS OIL & GAS CORP COM COM 886405109 7 39000 SH SOLE 0 0 39000 TIDEWATER INC COM COM 886423102 337 5355 SH SOLE 5240 0 115 TIME WARNER INC COM 887317105 715 38918 SH SOLE 21966 0 16952 TITAN PHARMACEUTCLS INC DEL CO COM 888314101 66 30000 SH SOLE 30000 0 0 TJX COMPANIES INC (NEW) COM 872540109 3012 103623 SH SOLE 83955 0 19668 TORTOISE CAP RES CORP COM COM 89147N304 146 10120 SH SOLE 3320 0 6800 TOURNIGAN GOLD CORP COM FRN 891565103 194 68780 SH SOLE 66980 0 1800 TRANSOCEAN SEDCO FOREX INC COM G90078109 10206 90276 SH SOLE 75615 0 14661 TRAPEZA PARTNERS IV LIMITE COM BT3890507 794 794132 SH SOLE 794132 0 0 TRIANGLE MULTI-MEDIA LTD INCCO COM 895891109 0 2000000 SH SOLE 0 0 2000000 TRIBUNE CO NEW COM COM 896047107 609 22288 SH SOLE 20738 0 1550 TRIMBLE NAVIGATION LTD COM 896239100 235 6000 SH SOLE 6000 0 0 TRINITY INDS INC COM 896522109 693 18464 SH SOLE 17372 0 1092 TWEEN BRANDS INC COM 901166108 2801 85278 SH SOLE 67856 0 17422 U S B HLDG INC COM COM 902910108 304 13076 SH SOLE 0 0 13076 U S BANCORP COM 902973304 309 9504 SH SOLE 8812 0 692 UAP HLDG CORP COM COM 903441103 1068 34053 SH SOLE 30778 0 3275 UNDER ARMOUR INC CL A COM 904311107 939 15703 SH SOLE 6900 0 8803 UNILEVER N V WI FRN 904784709 2156 69875 SH SOLE 59825 0 10050 UNION PAC CORP COM 907818108 708 6259 SH SOLE 6188 0 71 UNITED FINANCIAL BANCORP INCCO COM 91030R103 169 13500 SH SOLE 13500 0 0 UNITED ONLINE INC COM COM 911268100 4783 318623 SH SOLE 294601 0 24022 UNITED PARCEL SVC INC CL B COM 911312106 5091 67787 SH SOLE 57275 0 10512 UNITED TECHNOLOGIES CORP COM 913017109 1666 20695 SH SOLE 18935 0 1760 UNITEDHEALTH GROUP INC COM 91324P102 7055 145670 SH SOLE 122848 0 22822 UNIVERSAL HEALTH SVCS INC CL B COM 913903100 902 16575 SH SOLE 15530 0 1045 URANIUM ONE INC FRN 91701P105 537 40420 SH SOLE 37730 0 2690 UTILISOURCE CORP COM COM 91800U104 7 50000 SH SOLE 50000 0 0 V F CORP COM 918204108 542 6707 SH SOLE 6600 0 107 VALERO REFNG & MARKETING CO CO COM 91913Y100 1928 28705 SH SOLE 14176 0 14529 VALSPAR CORP COM COM 920355104 2255 82862 SH SOLE 68786 0 14076 VASCO DATA SEC INTL INC COM COM 92230Y104 271 7682 SH SOLE 7282 0 400 VCA ANTECH INC COM COM 918194101 546 13070 SH SOLE 11700 0 1370 VECTREN CORP COM COM 92240G101 1754 64267 SH SOLE 50217 0 14050 VEOLIA ENVIRONMENT SPONSORED A FRN 92334N103 410 4759 SH SOLE 4759 0 0 VERIFONE HLDGS INC COM COM 92342Y109 490 11050 SH SOLE 10850 0 200 VERIZON COMMUNICATIONS COM 92343V104 6256 141280 SH SOLE 124254 0 17026 VMWARE INC CL A COM COM 928563402 417 4900 SH SOLE 4900 0 0 VULCAN MATLS CO COM COM 929160109 262 2939 SH SOLE 2673 0 266 WACHOVIA GROUP COM COM 929903102 1429 28489 SH SOLE 2240 0 26249 WAL MART STORES INC COM 931142103 7394 169404 SH SOLE 142530 0 26874 WALGREEN COMPANY COM 931422109 506 10709 SH SOLE 6478 0 4231 WALT DISNEY COMPANY COM 254687106 5038 146508 SH SOLE 122280 0 24228 WAL-MART DE MEXICO S A DE C OR FRN P98180105 409 110438 SH SOLE 110438 0 0 WASHINGTON MUT INC COM COM 939322103 12673 358916 SH SOLE 111088 0 247828 WATERS CORP COM COM 941848103 253 3785 SH SOLE 2385 0 1400 WEATHERFORD INTL LTD NEW FRN G95089101 357 5319 SH SOLE 1989 0 3330 WELLPOINT INC COM 94973V107 2366 29986 SH SOLE 3025 0 26961 WELLS FARGO NEW COM 949746101 1209 33939 SH SOLE 25567 0 8372 WESTERN COPPER CORPARATION FRN 95805Y102 15 10000 SH SOLE 10000 0 0 WESTERN DIGITAL CORPORATION COM 958102105 17273 682205 SH SOLE 13736 0 668469 WESTERN UN CO COM COM 959802109 294 14014 SH SOLE 12611 0 1403 WHOLE FOODS MKT INC COM COM 966837106 245 5005 SH SOLE 1500 0 3505 WILDCAT U S A INC COM COM 968106104 0 70000 SH SOLE 70000 0 0 WILLIAMS CO COM 969457100 282 8290 SH SOLE 8290 0 0 WILLIAMS SONOMA INC COM 969904101 206 6325 SH SOLE 6150 0 175 WINDSTREAM CORP COM COM 97381W104 795 56311 SH SOLE 51105 0 5206 WIRELESS AGE COMMUNICATIONS CO COM 976527101 1 10000 SH SOLE 0 0 10000 WISCONSIN ENERGY CORP COM 976657106 292 6475 SH SOLE 6475 0 0 WRIGLEY WM JR CO COM 982526105 362 5636 SH SOLE 5605 0 31 WYETH COM 983024100 2007 45059 SH SOLE 35585 0 9474 WYNN RESORTS LTD COM COM 983134107 972 6171 SH SOLE 5189 0 982 XCEL ENERGY INC COM 98389B100 3530 163899 SH SOLE 150290 0 13609 YAMANA GOLD INC COM FRN 98462Y100 1978 167940 SH SOLE 147845 0 20095 YOUBET COM INC COM COM 987413101 24 13000 SH SOLE 13000 0 0 YUM BRANDS INC COM COM 988498101 294 8686 SH SOLE 7526 0 1160 ZIMMER HLDGS INC COM COM 98956P102 612 7559 SH SOLE 5404 0 2155 ZIONS BANCORP COM COM 989701107 3338 48608 SH SOLE 41594 0 7015 LINE COUNT: 567 TOTAL VALUE: $1,218,755,000