13F-HR 1 d74103_13f-hr.txt QUARTERLY REPORT Form 13F FORM 13 F Report for the Calendar Year or Quarter Ended: March 31, 2008 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: Berkshire Asset Management, LLC Address: 46 Public Square, Suite 700 Wilkes-Barre, PA 18701 Form 13F File Number: 28- 5034 The institutional investment manager filing this report and the person by whom it is signed herby 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 the Reporting Manager: Name: Marilyn D. Millington Title: Vice President & CCO Phone: 570-825-2600 Signature Place and Date of Signing: /s/ Marilyn D. Millington Wilkes-Barre, PA 04/23/2008 ------------------------- ---------------- --------- 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 manager(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 Mangers Reporting for this Manager: N/A [If there are no entries in this list, omit this section.] Form 13F File Number Name 28- ------------------------- ------------------------------------------- FORM 13F SUMMARY PAGE Report Summary: N/A Number of Other Included Managers: N/A Form 13F Information Table Entry Total: N/A Form 13F Information Table Value Total: N/A List of Other Included Managers: N/A
TITLE OF MARKET SHARES/ PUT/ INVSTMT VOTING AUTHORITY ISSUER NAME CLASS CUSIP VALUE PRN AMT TYPE CALL DSCRETN SOLE OTHER SOLE SHARED NONE ----------------------- ----- -------- -------- ------- --- ---- ------- ---- ----- -------- -------- ------- ABB Ltd ADR abb 000375204 31 1149 SH YES 1149 AES Corporation aes 00130h105 16 980 SH YES 980 AT&T t 00206r102 195 5103 SH YES 5103 Abbott Laboratories abt 002824100 13788 250006 SH YES 250006 Abercrombie & Fitch Co Cl A anf 002896207 47 637 SH YES 637 Actuant atu 00508x203 9 296 SH YES 296 Acuity Brands ayi 00508y102 7 169 SH YES 169 Advanced Medical Optics eye 00763m108 5 242 SH YES 242 Aegon N.V. aeg 007924103 41 2790 SH YES 2790 Advent Software advs 007974108 41 955 SH YES 955 Affiliated Managers Group amg 008252108 7 80 SH YES 80 Agilent Technologies a 00846u101 23 762 SH YES 762 Air Products & Chemicals apd 009158106 166 1800 SH YES 1800 Akamai Technologies akam 00971t101 8 280 SH YES 280 Akorn akrx 009728106 3 681 SH YES 681 Akzo Nobel N.V. akzo.adr.y 010199305 57 710 SH YES 710 Royal Caribbean Cruise rcl 010775124 7 203 SH YES 203 Alcatel-Lucent Sponsored ADR alu 013904305 1 96 SH YES 96 Alkermes alks 01642t108 7 605 SH YES 605 Allianz SE az 018805101 48 2450 SH YES 2450 Assured Guaranty ago 019168328 7 300 SH YES 300 Allied Irish Banks aib 019228402 43 990 SH YES 990 Allstate all 020002101 53 1100 SH YES 1100 Alon Energy alj 020520102 4 289 SH YES 289 Foster Wheeler fwlt 020755504 20 345 SH YES 345 Alpha Natural Resources anr 02076x102 9 200 SH YES 200 Alpharma alo 020813101 6 234 SH YES 234 Altria Group mo 02209s103 35 1580 SH YES 1580 Ambac Financial Group abk 023139108 3 530 SH YES 530 America Movil SAB DE C V amx 02364w105 31 483 SH YES 483 American Eagle Outfitters aeo 02553e106 12 667 SH YES 667 American Express axp 025816109 450 10295 SH YES 10295 Verigy Ltd vrgy 025907254 2 93 SH YES 93 AIG aig 026874107 6888 159271 SH YES 159271 American Reprographics arp 029263100 7 443 SH YES 443 Americredit acf 03060r101 3 297 SH YES 297 Amerisafe amsf 03071h100 5 370 SH YES 370 Amgen amgn 031162100 45 1073 SH YES 1073 Anadarko Petroleum apc 032511107 368 5840 SH YES 5840 Analogic alog 032657207 8 121 SH YES 121 Anheuser-Busch bud 035229103 8885 187248 SH YES 187248 Ansys anss 03662q105 15 449 SH YES 449 Anworth Mortgage Asset Corp anh 037347101 6 900 SH YES 900 Apache Corp apa 037411105 48 400 SH YES 400 Apple Computer aapl 037833100 123 859 SH YES 859 Archer-Daniels adm 039483102 36 874 SH YES 874 Ares Capital Corp arcc 04010l103 6 500 SH YES 500 Ares Capital arccr 04010l111 0 166 SH YES 166 Arris Group Inc Com arrs 04269q100 10 1735 SH YES 1735 Asahi Kasei Corp ahks.y 043400100 30 570 SH YES 570 Ashland Inc ash 044209104 47 1000 SH YES 1000 Aspen Tech azpn 045327103 7 557 SH YES 557 Asta Funding Inc asfi 046220109 7 504 SH YES 504 Atheros Communications athr 04743p108 10 460 SH YES 460 Autodesk adsk 052769106 91 2885 SH YES 2885 ADP adp 053015103 9897 233476 SH YES 233476 Avis Budget Group car 053774105 8130 765522 SH YES 765522 Avon avp 054303102 13 320 SH YES 320 Axa Sponsored ADR axa 054536107 39 1080 SH YES 1080 BB&T Corporation bbt 054937107 42 1300 SH YES 1300 B A S F A G SPONSORED ADR basf.adr.y 055262505 52 380 SH YES 380 BP PLC - Spons ADR bp 055622104 119 1960 SH YES 1960 BNP Paribas ADR bnpq.y 05565A202 48 940 SH YES 940 Bankers Trust bt 05577E101 42 965 SH YES 965 Baker Hughes bhi 057224107 38 550 SH YES 550 Banco Santander std 05964h105 46 2320 SH YES 2320 Bank of America bac 060505104 135 3548 SH YES 3548 Bank of New York bk 064058100 67 1611 SH YES 1611 C R Bard bcr 067383109 38 397 SH YES 397 Basin Water bwtr 07011t306 5 800 SH YES 800 Baxter International bax 071813109 41 710 SH YES 710 Becton, Dickinson & Company bdx 075887109 31 356 SH YES 356 WR Berkley ber 084423102 10 352 SH YES 352 Berkshire Hathaway Cl B brk.b 084670207 5439 1216 SH YES 1216 BioMarin Pharmaceutical bmrn 09061g101 4 110 SH YES 110 Biogen Idec biib 09062x103 250 4060 SH YES 4060 Blue Coat Systems bcsi 09534t508 6 260 SH YES 260 Boeing Co. ba 097023105 19 257 SH YES 257 Brinker International eat 109641100 7 360 SH YES 360 Bristol Myers bmy 110122108 6 300 SH YES 300 Broadcom Corp brcm 111320107 61 3150 SH YES 3150 Broadridge Financial br 11133t103 3173 180304 SH YES 180304 Brookline Bancorp brkl 11373m107 689 60000 SH YES 60000 Brown Forman Cl B bf.b 115637209 7652 115554 SH YES 115554 Build A Bear Workshop bbw 120076104 3 340 SH YES 340 CH Robinson Worldwide chrw 12541w209 10 191 SH YES 191 CIT Group cit 125581108 7 565 SH YES 565 CRH PLC crh 12626k203 29 760 SH YES 760 CVS Caremark cvs 126650100 86 2121 SH YES 2121 CA ca 12673p105 13631 605812 SH YES 605812 Cabelvision Systems cvc 12686c109 129 6017 SH YES 6017 Cabot Oil & Gas cog 127097103 9 181 SH YES 181 Cameron International cam 13342b105 5 110 SH YES 110 Canon ADR caj 138006309 44 950 SH YES 950 Cardiome Pharma crme 14159u202 11 1253 SH YES 1253 Carter's cri 146229109 8 467 SH YES 467 Caterpillar cat 149123101 67 860 SH YES 860 Celanese Ser A ce 150870103 12 313 SH YES 313 Celestica cls 15101q108 47 7000 SH YES 7000 Centene cnc 15135b101 4 280 SH YES 280 Center Financial Corp Calif clfc 15146E102 7 725 SH YES 725 Central European Dist Com cedc 153435102 16 268 SH YES 268 Century Alum Co cenx 156431108 5 83 SH YES 83 Cephalon ceph 156708109 8 120 SH YES 120 Cerner cern 156782104 15 405 SH YES 405 Charming Shoppes chrs 161133103 16 3355 SH YES 3355 Chattem chtt 162456107 7 110 SH YES 110 Chevron Texaco cvx 166764100 20 235 SH YES 235 China Petroleum & Chemical snp 16941r108 26 300 SH YES 300 Chiquita Brands Intl Com cqb 170032809 11 480 SH YES 480 Chubb cb 171232101 47 952 SH YES 952 Ciena Corp cien 171779101 12 374 SH YES 374 Cimarex Energy xec 171798101 11 210 SH YES 210 Cisco csco 17275R102 11467 476026 SH YES 476026 Citigroup c 172967101 56 2597 SH YES 2597 Citizens Communications czn 17453b101 33 3143 SH YES 3143 Citrix Systems ctxs 177376100 23 792 SH YES 792 Cleveland Cliffs clf 185896107 24 204 SH YES 204 Coach coh 189754104 14 470 SH YES 470 Coca Cola ko 191216100 158 2599 SH YES 2599 Coca Cola Femsa kof 191241108 63 1110 SH YES 1110 Colgate Palmolive cl 194162103 54 690 SH YES 690 Collective Brands pss 19421w100 5 430 SH YES 430 Columbus McKinnon N Y Com cmco 199333105 7 210 SH YES 210 Comcast Corp Special Cl A cmcs.k 20030N200 210 11090 SH YES 11090 Comcast Corp - Class A cmcs.a 20030n101 67 3446 SH YES 3446 Commerzbank AG crzb.y 202597308 35 1110 SH YES 1110 Community Bank System cbu 203607106 1906 77608 SH YES 77608 CVRD rio 204412209 13 385 SH YES 385 Compucredit ccrt 20478N100 5 565 SH YES 565 Comtech Telecommunicaitons cmtl 205826209 9 218 SH YES 218 ConocoPhillips cop 20825c104 159 2092 SH YES 2092 Corus Bankshares cors 220873103 8 850 SH YES 850 Coventry Health Care cvh 222862104 10 241 SH YES 241 Cree cree 225447101 38 1366 SH YES 1366 Cyberonics cybx 23251p102 16 1100 SH YES 1100 Cypress Semiconductor cy 232806109 7 284 SH YES 284 DBS Group Holdings Ltd dbsd.y 23304y100 44 840 SH YES 840 Darden Restaurants dri 237194105 7 210 SH YES 210 Dell dell 24702r101 55 2755 SH YES 2755 Dentsply Intl xray 249030107 8 210 SH YES 210 ADR Deutsche Lufthansa dlak.y 251561304 40 1545 SH YES 1545 Devon Energy dvn 25179m103 50 479 SH YES 479 Direct TV dtv 25459l106 14807 597296 SH YES 597296 Disney dis 254687106 8705 277410 SH YES 277410 Discovery Holding - A disc.a 25468v107 10 465 SH YES 465 Discover Financial Services dfs 254709108 3 175 SH YES 175 Dover Corp dov 260003108 11 254 SH YES 254 Dow Chemical dow 260543103 50 1350 SH YES 1350 Downey Financial dsl 261018105 4 230 SH YES 230 DuPont dd 263534109 334 7150 SH YES 7150 EMC emc 268648102 30 2118 SH YES 2118 ENI S P A SPONSORED ADR e 26874R108 36 530 SH YES 530 East West Bancorp ewbc 27579r104 13 732 SH YES 732 Eaton Vance ev 278265103 10 337 SH YES 337 Ebay ebay 278642103 40 1330 SH YES 1330 El Paso ep 28336l109 21 1259 SH YES 1259 Embarq eq 29078e105 5 126 SH YES 126 Emerson Electric emr 291011104 113 2200 SH YES 2200 Endo Pharmaceuticals Holdings endp 29264f205 8 350 SH YES 350 Energen egn 29265N108 16 258 SH YES 258 Equifax efx 294429105 7 192 SH YES 192 Telefonaktiebolaget LM Ericsso eric 294821608 21 1090 SH YES 1090 Esterline Technologies esl 297425100 10 200 SH YES 200 Ethan Allen eth 297602104 26 900 SH YES 900 Excel Technology xltc 30067t103 23 855 SH YES 855 Exelon Corp exc 30161n101 30 371 SH YES 371 Express Scripts esrx 302182100 11 175 SH YES 175 Exxon Mobil xom 30231g102 749 8851 SH YES 8851 FPL Group fpl 302571104 29 456 SH YES 456 Factset Research Systems fds 303075105 35 645 SH YES 645 Freddie Mac fre 313400301 3599 142147 SH YES 142147 Fannie Mae fnm 313586109 1839 69882 SH YES 69882 FedEx Corp fdx 31428x106 4 45 SH YES 45 Felcor Lodging Trust fch 31430f101 9 760 SH YES 760 F5 Networks ffiv 315616102 10 570 SH YES 570 First Regional Bancorp frgb 33615c101 5 286 SH YES 286 FirstEnergy fe 337932107 39 567 SH YES 567 Ford Motor f 345370860 9 1548 SH YES 1548 Forest Laboratories frx 345838106 221 5535 SH YES 5535 Fortune Brands, Inc. fo 349631101 21 300 SH YES 300 Franklin Resources ben 354613101 25 262 SH YES 262 Freeport-McMoran fcx 35671d857 7 75 SH YES 75 Frontier Oil fto 35914p105 6 215 SH YES 215 GSI Commerce gsic 36238g102 8 640 SH YES 640 GameStop gme 36467w109 6 115 SH YES 115 Gardner Denver gdi 365558105 12 310 SH YES 310 Genentech dna 368710406 8 100 SH YES 100 General Dynamics gd 369550108 164 1970 SH YES 1970 General Electric ge 369604103 4345 117396 SH YES 117396 General Mills gis 370334104 8997 150246 SH YES 150246 General Motors gm 370442105 11 600 SH YES 600 Genzyme genz 372917104 291 3904 SH YES 3904 Gilead Sciences gild 375558103 59 1144 SH YES 1144 Glaxosmithkline PLC-ADR gsk 37733w105 27 640 SH YES 640 Goldman Sachs gs 38141g104 76 459 SH YES 459 Goodrich gr 382388106 34 596 SH YES 596 Google Cl A goog 38259P508 53 120 SH YES 120 Grant Prideco grp 38821g101 118 2390 SH YES 2390 Gulfport Energy gpor 402635304 4 380 SH YES 380 H&E Equipment Services hees 404030108 5 358 SH YES 358 HCC Insurance Holdings hcc 404132102 6 281 SH YES 281 HSBC Holdings PLC hbc 404280406 30 370 SH YES 370 Halliburton hal 406216101 114 2900 SH YES 2900 Hannover Rueckversicher ADR hvrr.y 410693105 52 1970 SH YES 1970 Hanover Ins Group thg 410867105 10 254 SH YES 254 Harley-Davidson hog 412822108 28 750 SH YES 750 Harman International har 413086109 8 175 SH YES 175 Harmonic hlit 413160102 6 797 SH YES 797 Harrington West Financial Grou hwfg 41383l104 82 10000 SH YES 10000 Harris Corp hrs 413875105 13 275 SH YES 275 Headwaters hw 42210P102 11 860 SH YES 860 Health Net hnt 42222g108 6 189 SH YES 189 H.J. Heinz hnz 423074103 38 800 SH YES 800 Henry (Jack) & Associates jkhy 426281101 9 374 SH YES 374 Hercules Offshore hero 427093109 8 310 SH YES 310 Hewlett Packard hpq 428236103 1655 36238 SH YES 36238 Hologic holx 436440101 25 452 SH YES 452 Home Depot hd 437076102 142 5085 SH YES 5085 Honeywell hon 438516106 7815 138513 SH YES 138513 Hormel Foods hrl 440452100 8 200 SH YES 200 Hospira hsp 441060100 6 130 SH YES 130 Host Hotels & Resorts hst 44107p104 11 695 SH YES 695 ADR Hoya Corp hocp.y 443251103 31 1330 SH YES 1330 Hutchison Whampoa ADR huwh.y 448415208 41 865 SH YES 865 IMS Health rx 449934108 7 335 SH YES 335 ITT Educational Services esi 45068b109 5 100 SH YES 100 ITT Industries Inc itt 450911102 10 185 SH YES 185 Idearc iar 451663108 0 59 SH YES 59 Idex iex 45167R104 5 175 SH YES 175 Illinois Tool Works itw 452308109 22 450 SH YES 450 Informa infa 45666q102 6 340 SH YES 340 Infosys Tech ADR infy 456788108 17 484 SH YES 484 ING Groep NV - Sponsored ADR ing 456837103 38 1010 SH YES 1010 Intel intc 458140100 10129 478254 SH YES 478254 Intercontinental Exchange ice 45865v100 17 130 SH YES 130 IBM ibm 459200101 785 6820 SH YES 6820 International Paper ip 460146103 38 1400 SH YES 1400 Interpublic Group ipg 460690100 252 30000 SH YES 30000 Intuitive Surgical isrg 46120e602 11 35 SH YES 35 inVentiv Health vtiv 46122e105 10 349 SH YES 349 Ivitrogen ivgn 46185r100 10 114 SH YES 114 iShares COMEX Gold Trust iau 464285105 134 1475 SH YES 1475 iShares Tr S&P 100 Index oef 464287101 25 400 SH YES 400 iShares S&P 500 Index Fund ivv 464287200 194 1468 SH YES 1468 iShares MSCE EAFE Index Fund efa 464287465 1842 25615 SH YES 25615 iShares TR Russell MCP VL iws 464287473 71 555 SH YES 555 iShares TR Russell MCP GR iwp 464287481 121 1194 SH YES 1194 iShares Russell 1000 Value iwd 464287598 391 5327 SH YES 5327 iShares Russell 1000 Growth In iwf 464287614 2475 45469 SH YES 45469 iShares Russell 1000 Index Fun iwb 464287622 633 8800 SH YES 8800 iShares Russell 2000 Growth iwo 464287648 147 2025 SH YES 2025 iShares TR Russell 2000 iwm 464287655 211 3090 SH YES 3090 iShares S&P World EX-US Proper wps 464288422 42 945 SH YES 945 JP Morgan Chase jpm 46625h100 1150 26774 SH YES 26774 Jabil Circuit Inc jbl 466313103 284 30000 SH YES 30000 Jakks Pac jakk 47012E106 10 370 SH YES 370 Johnson & Johnson jnj 478160104 16363 252240 SH YES 252240 Joseph A. Bank Clothiers josb 480838101 6 284 SH YES 284 Joy Global joyg 481165108 21 320 SH YES 320 Kaiser Aluminum kalu 483007704 8 120 SH YES 120 Kansas City Southern ksu 485170302 14 361 SH YES 361 Kenexa knxa 488879107 11 570 SH YES 570 Kforce kfrc 493732101 10 1150 SH YES 1150 Kimberly-Clark kmb 494368103 58 900 SH YES 900 Kohls kss 500255104 9 200 SH YES 200 Philips Electronics phg 500472204 98 2550 SH YES 2550 Kraft Foods, Inc. kft 50075n104 19 605 SH YES 605 L-3 Communications Holdings lll 502424104 235 2149 SH YES 2149 Laboratory Corp of America Hol lh 50540r409 10 140 SH YES 140 Lafarge SA ADR lfrg.adr.y 505861401 32 730 SH YES 730 Leggett & Platt leg 524660107 8117 532290 SH YES 532290 Lehman Brothers leh 524908100 161 4265 SH YES 4265 Liberty Global Cl A lbty.a 530555101 40 1187 SH YES 1187 Liberty Global - Series C lbty.k 530555309 7 201 SH YES 201 Liberty Media Interactive A lint.a 53071m104 127 7867 SH YES 7867 Liberty Media Holding Ser A lcap.a 53071m302 13 797 SH YES 797 Liberty Media Ser A lmdi.a 53071m500 107 4708 SH YES 4708 Lincoln National lnc 534187109 18 352 SH YES 352 Lockheed Martin Corp lmt 539830109 106 1069 SH YES 1069 Lowe's Companies low 548661107 13 575 SH YES 575 Lundin Mining lmc 550372106 17 2430 SH YES 2430 M & T Bank mtb 55261f104 10075 125181 SH YES 125181 MEMC Electronic Materials wfr 552715104 10 143 SH YES 143 Cali Realty Corp cli 554489104 7 200 SH YES 200 Macquarie Bank mqbk.y 55607p105 14 300 SH YES 300 Macy's Inc m 55616p104 18 790 SH YES 790 Steve Madden LTD shoo 556269108 6 364 SH YES 364 Manitowoc Company mtw 563571108 11 260 SH YES 260 Marathon Oil mro 565849106 28 622 SH YES 622 Mariner Energy me 56845t305 10 380 SH YES 380 Master Card Cl A ma 57636q104 55 245 SH YES 245 Matria Healthcare matr 576817209 5 246 SH YES 246 Matrix Service mtrx 576853105 9 507 SH YES 507 Mattel Inc. mat 577081102 54 2690 SH YES 2690 McDermott International mdr 580037109 10 185 SH YES 185 McDonald's mcd 580135101 140 2509 SH YES 2509 Medarex Inc medx 583916101 15 1660 SH YES 1660 Medco mhs 58405U102 24 548 SH YES 548 Medicines Co Com mdco 584688105 12 590 SH YES 590 Medtronic mdt 585055106 14 295 SH YES 295 Merck mrk 589331107 120 3159 SH YES 3159 Merrill Lynch mer 590188108 75 1850 SH YES 1850 Metlife met 59156r108 131 2175 SH YES 2175 Microsoft msft 594918104 14044 494865 SH YES 494865 Millennium Pharmaceuticals mlnm 599902103 165 10705 SH YES 10705 Mindspeed Technoligies mspd 602682106 0 66 SH YES 66 Mitsubishi Corp msbh.y 606769305 53 880 SH YES 880 Monsanto Co mon 61166w101 25 228 SH YES 228 Monster Worldwide mnst 611742107 8 340 SH YES 340 Morgan Stanley ms 617446448 39 850 SH YES 850 NCR ncr 62886E108 11 500 SH YES 500 NII Holdings nihd 62913f201 9 269 SH YES 269 The NASDAQ OMX Group ndaq 631103108 12 315 SH YES 315 National City ncc 635405103 4895 491984.08 SH YES 491984.08 National Financial Services nfp 63607p208 7 330 SH YES 330 National Penn Bancshares npbc 637138108 1012 55620 SH YES 55620 Natus Medical baby 639050103 5 290 SH YES 290 Navigant Consulting nci 63935n107 12 610 SH YES 610 Nestle SA ADR nsrg.y 641069406 144 1150 SH YES 1150 NetApp ntap 64120l104 0 19 SH YES 19 New Jersey Resources njr 646025106 36 1156 SH YES 1156 New York Community Bancorp nyb 649445103 16 861 SH YES 861 Newfield Exploration nfx 651290108 98 1850 SH YES 1850 News Corporation Cl A nws.a 65248e104 41 2190 SH YES 2190 Nike Inc Cl B nke 654106103 144 2123 SH YES 2123 Nippon Telegraph & Telephone ntt 654624105 43 2000 SH YES 2000 Nordstrom jwn 655664100 1 30 SH YES 30 Norfolk Southern nsc 655844108 84 1550 SH YES 1550 Norsk Hydro ASA ADR nhyd.adr.y 656531605 15 1000 SH YES 1000 Northern Trust Corp ntrs 665859104 45 678 SH YES 678 Novartis AG - ADR nvs 66987V109 10 200 SH YES 200 Nuance Communications nuan 67020Y100 14 791 SH YES 791 Nucor nue 670346105 102 1500 SH YES 1500 Nvidia nvda 67066g104 29 1490 SH YES 1490 OM Group omg 670872100 7 120 SH YES 120 OYO Geospace oyog 671074102 7 163 SH YES 163 Occidental Petroleum oxy 674599105 44 598 SH YES 598 Office Depot Inc odp 676220106 6 542 SH YES 542 Omnicom Group omc 681919106 125 2835 SH YES 2835 Omrix Biopharmaceutica omri 681989109 10 679 SH YES 679 Oracle orcl 68389X105 111 5683 SH YES 5683 Orix Corp ix 686330101 23 330 SH YES 330 Oshkosh osk 688239201 11 290 SH YES 290 Owens-Illinois oi 690768403 32 560 SH YES 560 PDL Biopharma pdli 69329y104 6 532 SH YES 532 PHH phh 693320202 3022 173371 SH YES 173371 PNC pnc 693475105 261 3975 SH YES 3975 PP&L Corp ppl 69351t106 480 10445 SH YES 10445 Pall Corp pll 696429307 134 3815 SH YES 3815 Paragon Shipping prgn 69913r309 6 369 SH YES 369 Pediatrix Medical Group pdx 705324101 8 116 SH YES 116 Penn West Energy Trust pwe 707885109 10 350 SH YES 350 Pepsico pep 713448108 137 1903 SH YES 1903 Perficient prft 71375u101 9 1168 SH YES 1168 Permian Basin Royalty Trust pbt 714236106 11 500 SH YES 500 Petroleo Brasileiro SA - ADR pbr 71654v408 35 345 SH YES 345 Pfizer pfe 717081103 6580 314368 SH YES 314368 Philip Morris pm 718172109 79 1580 SH YES 1580 Phillips-Van Heusen pvh 718592108 6 148 SH YES 148 Pilgrim's Pride ppc 721467108 9 466 SH YES 466 Plains Exploration pxp 726505100 12 230 SH YES 230 Portfolio Recovery Assoc praa 73640q105 55 1288 SH YES 1288 Powershares QQQ Trust qqqq 73935a104 5 125 SH YES 125 Praxair px 74005p104 48 569 SH YES 569 Precision Castparts pcp 740189105 28 273 SH YES 273 T. Rowe Price Group trow 74144T108 8 169 SH YES 169 Pride International pde 74153q102 9 250 SH YES 250 Procter & Gamble pg 742718109 826 11790 SH YES 11790 Progenics Pharmaceuticals pgnx 743187106 5 760 SH YES 760 Progress Software prgs 743312100 8 271 SH YES 271 Progressive pgr 743315103 32 2020 SH YES 2020 Ultra S&P 500 ProShares sso 74347r107 20 300 SH YES 300 UltraShort Oil & Gas ProShares dug 74347r586 31 800 SH YES 800 UltraShort Basic Materials Pro smn 74347r651 47 1200 SH YES 1200 Provident Bankshares pbks 743859100 4 414 SH YES 414 Prudential PLC puk 74435k204 47 1770 SH YES 1770 Psychiatric Solutions psys 74439h108 16 485 SH YES 485 Qlogic qlgc 747277101 13 829 SH YES 829 Qualcomm Inc. qcom 747525103 55 1341 SH YES 1341 Quantum qtm 747906246 2 1005 SH YES 1005 Questar Corp str 748356102 18 310 SH YES 310 Qwest Communications q 749121109 36 8000 SH YES 8000 RWE Aktiengesellschaf-SP ADR rweo.y 74975e303 23 185 SH YES 185 Reed Elsevier NV enl 758204101 37 968.999 SH YES 968.999 Regal Beloit rbc 758750103 10 280 SH YES 280 Regency Centers reg 758849103 110 1700 SH YES 1700 Rexam PLC rexm.adr.y 761655406 33 790 SH YES 790 Ricoh Company Ltd rico.y 765658307 30 370 SH YES 370 Ritchie Bros Auctioneers rba 767744105 12 150 SH YES 150 Rockwell Automation rok 773903109 23 400 SH YES 400 Rockwell Collins col 774341101 23 400 SH YES 400 Roper Industries rop 776696106 10 170 SH YES 170 Ruby Tuesday rt 781182100 18 2372 SH YES 2372 Ruth's Chris Steak House ruth 783332109 6 811 SH YES 811 Ryland Group Inc. ryl 783764103 6 172 SH YES 172 S&P 500 Spiders spy 78462f103 1159 8780 SH YES 8780 SPX spw 784635104 30 283 SH YES 283 St. Jude Medical stj 790849103 8 179 SH YES 179 Sandisk Corp sndk 80004c101 80 3534 SH YES 3534 Sanmina-SCI sanm 800907107 9 5700 SH YES 5700 Sanofi Aventis Sponsored ADR sny 80105n105 92 2460 SH YES 2460 Schering-Plough sgp 806605101 6 405 SH YES 405 Schlumberger slb 806857108 68 787 SH YES 787 Sciele Pharam scrx 808627103 7 368 SH YES 368 EW Scripps Cl A ssp 811054204 10 241 SH YES 241 Seagate Technology stx 811804103 127 6047 SH YES 6047 Secure Computing scur 813705100 8 1308 SH YES 1308 Sepracor sepr 817315104 16 800 SH YES 800 Sherwin-Williams shw 824348106 8 153 SH YES 153 Sierra Wireless swir 826516106 8 524 SH YES 524 Sigma Designs sigm 826565103 6 255 SH YES 255 Signet Group PLC sig 82668l872 8 650 SH YES 650 Sirona Dental Systems siro 82966c103 3 100 SH YES 100 Skyworks Solutions Inc swks 83088m102 1 70 SH YES 70 JM Smucker Co sjm 832696405 11 219 SH YES 219 Sonic sonc 835451105 8 384 SH YES 384 Sotheby's bid 835898107 8 288 SH YES 288 Southern Union sug 844030106 77 3312 SH YES 3312 Southwestern Energy swn 845467109 11 335 SH YES 335 Sovereign Bancorp sov 845905108 5791 621366.5 SH YES 621366.5 Sprint Nextel s 852061100 6414 958791 SH YES 958791 Standard Microsystems smsc 853626109 18 630 SH YES 630 State Street stt 857477103 52 655 SH YES 655 Stone Container Corporation sto 85771P102 26 861 SH YES 861 Steel Dynamics stld 858119100 17 520 SH YES 520 Sunoco sun 86764p109 21 400 SH YES 400 Superior Energy Services spn 868157108 10 260 SH YES 260 Symantec symc 871503108 8115 488264.001 SH YES 488264.001 Synovus Financial snv 87161c105 29 2630 SH YES 2630 T D Ameritrade amtd 87236y108 15 900 SH YES 900 TJX Companies tjx 872540109 48 1460 SH YES 1460 TNT NV-ADR tntt.y.adr.87260w101 40 1070 SH YES 1070 T-3 Energy ttes 87306e107 9 217 SH YES 217 Talisman Energy tlm 87425e103 33 1850 SH YES 1850 Target tgt 87612e106 10 192 SH YES 192 Taylor Capital tayc 876851106 5 280 SH YES 280 Techtronic Industries ttnd.y 87873r101 21 4170 SH YES 4170 Tele Norte Leste ADR tne 879246106 28 1045 SH YES 1045 Telenor ASA ADR teln.y.adr.87944w105 64 1110 SH YES 1110 Temecula Valley Bancorp tmcv 87972l104 35 3700 SH YES 3700 Terex tex 880779103 12 190 SH YES 190 Terra Industries tra 880915103 10 283 SH YES 283 Teva Pharmaceutical teva 881624209 50 1077 SH YES 1077 Textron txt 883203101 30 541 SH YES 541 MMM mmm 88579Y101 90 1132 SH YES 1132 Timken tkr 887389104 10 340 SH YES 340 Toll Brothers tol 889478103 7 289 SH YES 289 Total SA-Spon ADR tot 89151e109 35 470 SH YES 470 Total System Services tss 891906109 30 1272 SH YES 1272 Toyota Motor Corp tm 892331307 37 370 SH YES 370 TradeStation Group trad 89267p105 9 1101 SH YES 1101 Trimble Navigation trmb 896239100 11 397 SH YES 397 Trinity Industries trn 896522109 10 393 SH YES 393 Trism, Inc. tsmx 896925203 0 17 SH YES 17 True Religion Apparel trlg 89784N104 19 1010 SH YES 1010 US Bancorp usb 902973304 66 2030 SH YES 2030 USEC usu 90333e108 2 631 SH YES 631 U.S. Concrete rmix 90333l102 7 1818 SH YES 1818 Unit unt 909218109 15 270 SH YES 270 United Bankshares ubsi 909907107 51 1900 SH YES 1900 United Parcel Service - Cl B ups 911312106 11 145 SH YES 145 United Rentals uri 911363109 5 260 SH YES 260 United Technologies utx 913017109 58 847 SH YES 847 Unitedhealth Group unh 91324p102 234 6815 SH YES 6815 Valeo SA vlee.y 919134304 46 2315 SH YES 2315 Valueclick vclk 92046N102 11 642 SH YES 642 Varian Semiconductor vsea 922207105 6 200 SH YES 200 VASCO Data Security Intl vdsi 92230y104 6 409 SH YES 409 Verifone Holdings pay 92342y109 8 480 SH YES 480 Verizon Communications vz 92343v104 155 4247 SH YES 4247 Viacom Cl A via 925524100 79 2000 SH YES 2000 Viacom Class B via.b 92553P201 11851 299129 SH YES 299129 Vodafone Group PLC-ADR vod 92857W100 35 1170 SH YES 1170 W.P. Carey wpc 92930y107 30 1000 SH YES 1000 Wachovia wb 929903102 503 18644 SH YES 18644 Waddell & Reed Financial wdr 930059100 13 404 SH YES 404 Wal-Mart wmt 931142103 49 938 SH YES 938 Walgreen wag 931422109 46 1205 SH YES 1205 Washington Federal wfsl 938824109 450 19718 SH YES 19718 Washington Mutual wm 939322103 399 38740 SH YES 38740 Waste Management wmi 94106l109 9221 274747 SH YES 274747 Waters wat 941848103 26 469 SH YES 469 Wellpoint Health Networks wlp 94973v107 53 1200 SH YES 1200 Wells Fargo wfc 949746101 1149 39500 SH YES 39500 Wesco Intl wcc 95082P105 14 390 SH YES 390 Western Digital wdc 958102105 9 319 SH YES 319 Western Union wu 959802109 4377 205768 SH YES 205768 Whirlpool whr 963320106 10 110 SH YES 110 Wilmington Trust wl 971807102 467 15000 SH YES 15000 Windstream win 97381w104 11 930 SH YES 930 World Acceptance wrld 981419104 7 210 SH YES 210 Wrigley wwy 982526105 64 1025 SH YES 1025 Wyeth wye 983024100 98 2349 SH YES 2349 Wyndham Worldwide wyn 98310w108 27 1290 SH YES 1290 XTO Energy xto 98385x106 69 1110 SH YES 1110 Yahoo yhoo 984332106 22 750 SH YES 750 Zenith National Insurance znt 989390109 11 301 SH YES 301 Zimmer Holdings zmh 98956p102 36 460 SH YES 460 Zions Bancorp zion 989701107 38 840 SH YES 840 Zurich Financial Services AG zfsv.y 98982m107 48 1520 SH YES 1520 Montpelier Re Holdings mrh G62185106 34 2100 SH YES 2100 Transocean rig G90078109 94 692 SH YES 692 Tyco International tyc G9143X208 6490 147322 SH YES 147322 Tyco Electronics tel G9144p105 5315 154879 SH YES 154879 Ectel Ltd ectx M29925100 0 123 SH YES 123 Syneron Medical elos M87245102 5 365 SH YES 365 Core Laboratories N.V. clb N22717107 11 90 SH YES 90 Steiner Leisure stnr P8744Y102 9 280 SH YES 280 Flextronics flex Y2573F102 49 5200 SH YES 5200 Arch Capital Group - Bermuda acgl g0450a105 15 213 SH YES 213 Axis Capital Holdings axs g0692u109 7 210 SH YES 210 Castlepoint Holdings cphl g19522112 10 1010 SH YES 1010 Covidien cov g2552x108 7358 166289 SH YES 166289 Everest Re Group re g3223r108 10 114 SH YES 114 Max Capital Group Ltd mxgl g6052f103 10 369 SH YES 369 Weatherford Intl wft g95089101 375 5170 SH YES 5170 Alcon acl h01301102 36 255 SH YES 255 Dryships drys y2109q101 7 114 SH YES 114 Citigroup Capital VIII c.pr.z 17306r204 0 450 SH YES 450 FNMA Floating Pfd Ser O Call 2 fnm.fn 313586794 0 1325 SH YES 1325 GE Cap 6.1% cl 11/15/07 @ 25 gec 369622519 0 1400 SH YES 1400 General Motors bgm 370442725 10 800 SH YES 800 Wells Fargo Cap wsf 94976y207 60 400 SH YES 400 XOM July $80 Calls xomg.p 30231g9gp 35 -15 CALL YES -15 WMI Apr $35 Calls wmid.g 94106l9dg 12 -82 CALL YES -82