13F-HR 1 sandleroneilassetmgnt.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 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: Sandler O'Neill Asset Manageme Address: 780 3rd Ave, 30th Floor New York, NY 10017 13 File Number: 28-7148 The institutional investment manager filing this report and 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 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: TERRY MALTESE Title: Phone: Signature, Place and Date of Signing: TERRY MALTESE January 13, 2005 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 105 Form 13F Information Table Value Total: 421075 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D AFFILIATED MANAGERS GROUP INC COMMON STOCK 008252108 5081 75000 SH SOLE 75000 0 0 D ALLIED CAPITAL CORP COM STK COMMON STOCK 01903Q108 492 19047 SH SOLE 19047 0 0 D AMERICAN WEST BANCORPORATION COMMON STOCK 03058P109 2430 120000 SH SOLE 120000 0 0 D AMSOUTH BANCOPORATION COM COMMON STOCK 032165102 648 25000 SH SOLE 25000 0 0 D ANCHOR BANCORP WISC INC COMMON STOCK 032839102 4066 139500 SH SOLE 139500 0 0 D ASSOCIATED BANC CORP COM COMMON STOCK 045487105 12255 368800 SH SOLE 368800 0 0 D ATLANTIC COAST COMMON STOCK 048425102 209 15200 SH SOLE 15200 0 0 D ATLNTC LIB FINL COMMON STOCK 048668107 1112 47800 SH SOLE 47800 0 0 D BANC CORPORATION COM COMMON STOCK 05944B103 1483 180200 SH SOLE 180200 0 0 D BANCFIRST CORP COM COMMON STOCK 05945F103 9146 115800 SH SOLE 115800 0 0 D BANK MUTUAL CORP NEW COMMON STOCK 063750103 974 80000 SH SOLE 80000 0 0 D BANK NEW YORK INC COM COMMON STOCK 064057102 4946 148000 SH SOLE 148000 0 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 6649 141500 SH SOLE 141500 0 0 D BANKNORTH GROUP INC COM STK NE COMMON STOCK 06646R107 9845 269000 SH SOLE 269000 0 0 D BOSTON PRIVATE BANCORP INC COMMON STOCK 101119105 2451 87000 SH SOLE 87000 0 0 D CALIFORNIA FIRST NATIONAL BANC COMMON STOCK 130222102 505 40400 SH SOLE 40400 0 0 D CAPITAL BANK CORP COMM COMMON STOCK 139793103 303 16500 SH SOLE 16500 0 0 D CARDINAL FINANCIAL CORP COM ST COMMON STOCK 14149F109 756 67900 SH SOLE 67900 0 0 D CITIGROUP INC COM STK COMMON STOCK 172967101 17200 357000 SH SOLE 357000 0 0 D CITIGROUP INC LITIGATION TRACK WARRANTS 172967127 213 150000 SH SOLE 150000 0 0 D CITY NATL CORP COM COMMON STOCK 178566105 12646 179000 SH SOLE 179000 0 0 D COMMERCE BANCSHARES INC COM COMMON STOCK 200525103 6501 129500 SH SOLE 129500 0 0 D COMMUNITY BNCP COMMON STOCK 20343T100 1750 57200 SH SOLE 57200 0 0 D CULLEN FROST BANKER INC COMMON STOCK 229899109 8748 180000 SH SOLE 180000 0 0 D DIME BANCORP INC WTS EXP 1/01/ WARRANTS 25429Q110 38 200000 SH SOLE 200000 0 0 D DIME CMNTY BANCORP INC COM COMMON STOCK 253922108 3260 182000 SH SOLE 182000 0 0 D DORAL FINANCIAL CORP COM COMMON STOCK 25811P100 1970 40000 SH SOLE 40000 0 0 D E TRADE FINANCIAL CORP COMMON STOCK 269246104 8803 588800 SH SOLE 588800 0 0 D EFC BANCORP INC COM COMMON STOCK 268423100 521 20000 SH SOLE 20000 0 0 D EPIC BANCORP COMMON STOCK 294250105 359 25000 SH SOLE 25000 0 0 D EUROBANCSHARES COMMON STOCK 298716101 1533 73000 SH SOLE 73000 0 0 D EXCH NATL BANCSH COM STK COMMON STOCK 301309100 3464 120000 SH SOLE 120000 0 0 D FIRST DEFIANCE FINL CORP COM COMMON STOCK 32006W106 3462 120000 SH SOLE 120000 0 0 D FIRST FINL HLDGS INC COM COMMON STOCK 320239106 1555 47500 SH SOLE 47500 0 0 D FIRST FRANKLIN CORP COM COMMON STOCK 320272107 520 26400 SH SOLE 26400 0 0 D FIRST MIDWEST BANCORP INC DEL COMMON STOCK 320867104 6129 168900 SH SOLE 168900 0 0 D FIRST PACTRUST COMMON STOCK 33589V101 1493 54600 SH SOLE 54600 0 0 D FIRST REGIONAL BANCORP COMMON STOCK 33615C101 6020 111485 SH SOLE 111485 0 0 D FIRST SOUTH BANCORP COMM STOCK COMMON STOCK 33646W100 2320 90500 SH SOLE 90500 0 0 D FLAG FINANCIAL CORP COM COMMON STOCK 33832H107 2270 150000 SH SOLE 150000 0 0 D FLUSHING FINL CORP COM COMMON STOCK 343873105 3980 198400 SH SOLE 198400 0 0 D FRANKLIN RES INC COM COMMON STOCK 354613101 5175 74300 SH SOLE 74300 0 0 D GB&T BANCSHARES COMMON STOCK 361462104 2496 103500 SH SOLE 103500 0 0 D GOLD BANC CORP INC COM COMMON STOCK 379907108 2690 184000 SH SOLE 184000 0 0 D GOLDEN WEST FINL CORP DEL COM COMMON STOCK 381317106 3255 53000 SH SOLE 53000 0 0 D GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 2112 20300 SH SOLE 20300 0 0 D GREENVILLE FIRST COMMON STOCK 39607Y100 1470 75000 SH SOLE 75000 0 0 D HINGHAM INSTN SVGS MASS COMMON STOCK 433323102 1740 40000 SH SOLE 40000 0 0 D HOME FEDERAL BANCORP INDIANA COMMON STOCK 436926109 2270 90000 SH SOLE 90000 0 0 D HORIZON BANCORP IND COM COMMON STOCK 440407104 1236 46800 SH SOLE 46800 0 0 D HUDSON UNITED BANCORP COMMON STOCK 444165104 2950 74900 SH SOLE 74900 0 0 D INTERNATIONAL BANCSHARES CORP COMMON STOCK 459044103 4804 122000 SH SOLE 122000 0 0 D INTERVEST BANCSHARES CORP COM COMMON STOCK 460927106 2686 136100 SH SOLE 136100 0 0 D JPMORGAN CHASE & CO COM COMMON STOCK 46625H100 4038 103500 SH SOLE 103500 0 0 D K-FED BANCORP COMMON STOCK 48246S101 1212 81000 SH SOLE 81000 0 0 D KNIGHT TRADING GROUP INC COM S COMMON STOCK 499063105 821 75000 SH SOLE 75000 0 0 D LAKELAND FINL CORP COM COMMON STOCK 511656100 1052 26500 SH SOLE 26500 0 0 D LEHMAN BROTHERS HLDGS INC COM COMMON STOCK 524908100 8311 95000 SH SOLE 95000 0 0 D LINCOLN BANCORP COM STK COMMON STOCK 532879103 3713 192500 SH SOLE 192500 0 0 D LNB BANCORP INC COM COMMON STOCK 502100100 2135 106100 SH SOLE 106100 0 0 D MARSHALL & ILSLEY CORP COM COMMON STOCK 571834100 7028 159000 SH SOLE 159000 0 0 D MB FINANCIAL INC COMMON STOCK 55264U108 8135 193000 SH SOLE 193000 0 0 D MELLON FINANCIAL CORP COMMON STOCK 58551A108 1154 37100 SH SOLE 37100 0 0 D MERCANTILE BANK CORP COM COMMON STOCK 587376104 3883 98300 SH SOLE 98300 0 0 D MERCANTILE BANKSHRS CORP COM COMMON STOCK 587405101 3210 61500 SH SOLE 61500 0 0 D MERCER INS GRP COMMON STOCK 587902107 1890 140700 SH SOLE 140700 0 0 D MERRILL LYNCH & CO INC USD1.33 COMMON STOCK 590188108 9922 166000 SH SOLE 166000 0 0 D MIDWEST BANC HLDGS INC COM COMMON STOCK 598251106 2078 95000 SH SOLE 95000 0 0 D NET BANK INC COM COMMON STOCK 640933107 1027 98700 SH SOLE 98700 0 0 D NORTH FORK BANCORPORATION COMMON STOCK 659424105 8828 306000 SH SOLE 306000 0 0 D NORTH VALLEY BANCORP COM COMMON STOCK 66304M105 4986 256600 SH SOLE 256600 0 0 D NYMAGIC INC COM COMMON STOCK 629484106 1040 41100 SH SOLE 41100 0 0 D OAK HILL FINL INC COM COMMON STOCK 671337103 7836 202000 SH SOLE 202000 0 0 D OLD SECOND BANCORP INC ILL COMMON STOCK 680277100 9102 285500 SH SOLE 285500 0 0 D PENN TREATY AMER CORP COMMON STOCK 707874103 52 25000 SH SOLE 25000 0 0 D PEOPLE'S BANK BRIDGEPORT CONN COMMON STOCK 710198102 972 25000 SH SOLE 25000 0 0 D PINNACLE FINANCIAL PARTNERS COMMON STOCK 72346Q104 1289 57000 SH SOLE 57000 0 0 D PNC FINANCIAL SERVICES GRP COMMON STOCK 693475105 10339 180000 SH SOLE 180000 0 0 D RAINIER PAC FIN COMMON STOCK 75087U101 895 50000 SH SOLE 50000 0 0 D REGIONS FINANCIAL CORP NEW COMMON STOCK 7591EP100 8150 229000 SH SOLE 229000 0 0 D SIERRA BANCORP COMMON STOCK 82620P102 1941 84900 SH SOLE 84900 0 0 D SKY FINL GROUP INC COM COMMON STOCK 83080P103 9518 332000 SH SOLE 332000 0 0 D SMITHTOWN BANCORP INC COMMON STOCK 832449102 419 13200 SH SOLE 13200 0 0 D SNB BANCSHARES INC COM COMMON STOCK 78460M209 2471 167500 SH SOLE 167500 0 0 D SOUND FEDERAL BANCOR P INC COMMON STOCK 83607V104 6133 377400 SH SOLE 377400 0 0 D SOUTHWEST BANCORP INC OKLA COMMON STOCK 844767103 3184 129500 SH SOLE 129500 0 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 3834 170000 SH SOLE 170000 0 0 D STATE FINANCIAL SVCS CORP CL COMMON STOCK 856855101 1070 35500 SH SOLE 35500 0 0 D SUMMIT BANCSHARES INC COM COMMON STOCK 866011109 7125 190000 SH SOLE 190000 0 0 D SUSSEX BANCORP COM COMMON STOCK 869245100 1094 70600 SH SOLE 70600 0 0 D SYNOVUS FINL CORP COM COMMON STOCK 87161C105 5545 194000 SH SOLE 194000 0 0 D TCF FINANCIAL CORP USD.01 COM COMMON STOCK 872275102 12396 385700 SH SOLE 385700 0 0 D TIB FINANCIAL CORP COM COMMON STOCK 872449103 662 26100 SH SOLE 26100 0 0 D US BANCORP COM COMMON STOCK 902973304 14016 447500 SH SOLE 447500 0 0 D UTD CMNTY BK GA COMMON STOCK 90984P105 862 32000 SH SOLE 32000 0 0 D VALLEY NATL BANCORP COM COMMON STOCK 919794107 2336 84500 SH SOLE 84500 0 0 D VIRGINIA COMMERCE BANCORP COMMON STOCK 92778Q109 1784 63000 SH SOLE 63000 0 0 D WACHOVIA CORP COM COMMON STOCK 929903102 4471 85000 SH SOLE 85000 0 0 D WADDELL & REED FINANCIAL INC COMMON STOCK 930059100 956 40000 SH SOLE 40000 0 0 D WASHINGTON MUT INC COM OPTIONS - CALLS 9393220DV 1691 40000 SH CALL SOLE 40000 0 0 D WEBSTER FINL CORP WATERBURY CO COMMON STOCK 947890109 4872 96200 SH SOLE 96200 0 0 D WELLS FARGO COMPANY COMMON STOCK 949746101 13673 220000 SH SOLE 220000 0 0 D WESTERN SIERRA BANCORP INC COMMON STOCK 959522103 2497 65100 SH SOLE 65100 0 0 D WILLIS LEASE FINANCE CORP COM COMMON STOCK 970646105 457 58550 SH SOLE 58550 0 0 D ZIONS BANCORP COM COMMON STOCK 989701107 13980 205500 SH SOLE 205500 0 0 S REPORT SUMMARY 105 DATA RECORDS 421075 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED