13F-HR 1 dreman13f.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: September 30, 2003 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: Dreman Value Management, L.L.C. Address: 10 Exchange Place, Suite 2150 Jersey City, NJ 07302-3913 Form 13F File Number: 28-6700 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 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: Lloyd Jagai Title: Chief Financial Officer Phone: (201) 793-2000 Signature, Place, and Date of Signing: /s/ Lloyd Jagai Jersey City, New Jersey Nov 6, 2003 [Signature] [City, State] [Date] 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).)
FORM 13F INFORMATION TABLE Voting Authority Market Value Investment Name of Issuer Title of class CUSIP (x$1000) Quantity Discretion SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ Agree Realty Corp. Common 008492100 1843 75300 Sole 75300 Albemarle Corp. Common 012653101 5834 212530 Sole 1000 17720 193810 Alliance Gaming Corp Com New Common 01859P609 9010 444300 Sole 1600 25000 417700 Allied Capital Corp Common 01903Q108 10268 417582 Sole 1370 22715 393497 Allstate Common 020002101 2763 75635 Sole 75635 Altria Group Inc Common 02209s103 586935 13399277 Sole 2106520 158348 11134409 America First Mtg Invst Inc Common 55272x102 4942 519150 Sole 2800 52000 464350 American Axle & Mfg Hldgs Common 024061103 2742 92700 Sole 92700 American Express Common 025816109 9011 199970 Sole 1200 198770 American Financial Realty Trus Common 02607P305 16431 1165300 Sole 2500 47000 1115800 American International Group Common 026874107 25597 443520 Sole 1890 580 441050 Amerus Group Co Common 03072m108 8842 260050 Sole 700 10000 249350 Amsouth Bancorp Common 032165102 331 15600 Sole 15600 Anntaylor Stores Corp. Common 036115103 5506 171300 Sole 900 17200 153200 Anworth Mortgage Asset Group Common 037347101 8023 561800 Sole 561800 Apria Healthcare Group Common 037933108 5553 202800 Sole 1000 201800 Aquila Inc Com Common 03840P102 195 57800 Sole 57800 Argosy Gaming Common 040228108 5424 222300 Sole 222300 Arkansas Best Corp Del Com Common 040790107 6302 229400 Sole 229400 Ashford Hospitality Trust Common 044103109 1648 183700 Sole 183700 ATI Technologies Inc Common 001941103 6194 416800 Sole 1800 33900 381100 Aviall Inc Common 05366B102 785 63400 Sole 2300 43200 17900 Bank Of America Corp Common 060505104 87972 1127193 Sole 141970 13031 972192 Bank One Corporation Common 06423A103 40927 1058745 Sole 144148 7603 906994.2 Bankatlantic Bancorp Cl A Common 065908501 6449 452550 Sole 1300 20000 431250 Banknorth Group, Inc. Common 06646R107 2829 100235 Sole 100235 Bear Stearns Cos Inc. Common 073902108 2963 39615 Sole 39615 Best Buy Inc. Common 086516101 176667 3716507 Sole 504218 45389 3166900 BOK Financial Corp. Common 05561Q201 4233 111548.4 Sole 729 13113 97706.37 Borders Group Inc. Common 099709107 147957 7817788 Sole 1143949 93359 6580480 Briggs & Stratton Common 109043109 1986 33800 Sole 33800 Bristol Myers Squibb Common 110122108 278186 10841728 Sole 1598141 146744 9096843 British American Tobacco Common 110448107 1757 81120 Sole 25185 22295 33640 Bryn Mawr Bk Corp Common 117665109 602 14350 Sole 600 9700 4050 Caci Intl Inc Cl A Common 127190304 6710 156600 Sole 700 11200 144700 CAE Inc. Common 124765108 2524 674900 Sole 674900 Cantel Medical Corp Common 138098108 311 23300 Sole 1100 13900 8300 Capitol Bancorp Ltd Common 14056D105 2787 104200 Sole 104200 Carolina Gp - Loews Corp Common 540424207 13148 571670 Sole 1370 24410 545890 Cascade Nat Gas Corp Com Common 147339105 2483 126700 Sole 126700 Catalina Marketing Corp. Common 148867104 3091 203500 Sole 1700 29800 172000 CBRL Group Inc Com Common 12489V106 5505 154800 Sole 154800 Centerpoint Energy Inc. Common 15189T107 565 61600 Sole 2300 42000 17300 Ceres Group Inc Common 156772105 4825 1206200 Sole 3900 72000 1130300 Charter Financial Corp. Common 16122m100 1228 39800 Sole 39800 Chesapeake Energy Corp Common 165167107 5758 534150 Sole 940 17920 515290 Chevron Texaco Corp. Common 166764100 166009 2323270 Sole 326674 31469 1965127 Chevy Chase PFD Preferred 166779207 2585 100000 Sole 100000 Chubb Corp Common 171232101 3104 47840 Sole 47840 CIT Group Common 125581108 28218 981155 Sole 106200 874955 Citigroup, Inc Common 172967101 18038 396356 Sole 566 395790 CMS Energy Corp Common 125896100 4737 642700 Sole 642700 Colonial Bancgroup Inc Common 195493309 7184 497510 Sole 700 13700 483110 Columbia Bkg Sys Inc Common 197236102 211 11950 Sole 450 8050 3450 Community First Bankshares Common 203902101 2452 92100 Sole 92100 Comstock Res Inc Com New Common 205768203 4827 361300 Sole 361300 Conmed Corp Common 207410101 4440 215100 Sole 215100 ConocoPhilips Common 20825C104 235782 4306227 Sole 506041 43702 3756484 Consolidated Graphics Inc. Common 209341106 4651 182900 Sole 182900 Correctional Pptys Corp Common 22025E104 4165 166940 Sole 1300 22420 143220 Coventry Health Care Com Common 222862104 3602 68300 Sole 68300 Cullen/Frost Bankers Inc Common 229899109 493 13250 Sole 500 8550 4200 Curtiss-Wright Corp. Common 231561101 5919 83810 Sole 530 9320 73960 Cyberguard Corp. Common 231910100 3759 395300 Sole 2000 37300 356000 Cytyc Corporation Common 232946103 13077 871200 Sole 2000 37600 831600 Denbury Resources Common 247916208 5633 455730 Sole 1260 23810 430660 Devon Energy Common 25179M103 65214 1353300 Sole 175666 22236 1155398 Diebold Inc. Common 253651103 754 14890 Sole 600 9870 4420 Dillards Inc -Cl A Common 254067101 7680 549330 Sole 1280 23580 524470 Dime Cmnty Bancshares Com Common 253922108 4451 193500 Sole 193500 Downey Financial Corp. Common 261018105 1528 32700 Sole 32700 DPL Inc. Common 233293109 1554 90600 Sole 900 16500 73200 Dress Barn Inc Com Common 261570105 3404 248500 Sole 248500 DRS Technologies Inc Common 23330x100 4500 186500 Sole 186500 Du Pont (E I) De Nemours Common 263534109 1171 29275 Sole 4000 25275 El Paso Corporation Common 28336L109 67365 9228129 Sole 1390389 141302 7696438 Electronic Data Systems Corp Common 285661104 212566 10522183 Sole 1376047 137495 9008641 Emcor Group Inc Com Common 29084Q100 3553 83500 Sole 83500 Emerson Electric Co. Common 291011104 90403 1716808 Sole 255661 26507 1434640 Equity Inns Inc Pfd Preferred 294703301 2585 100000 Sole 100000 Exxon Mobil Corp Common 30231G102 415 11348 Sole 5248 6100 Fannie Mae Common 313586109 363732 5180738 Sole 720273 67012 4393453 Federated Dept Stores Common 31410H101 59047 1408887 Sole 223025 23389 1162473 First Fed Cap Corp Com Common 319960100 7156 348200 Sole 1300 23350 323550 First Niagara Financial Group Common 33582V108 1545 102400 Sole 102400 Firstfed Financial Corp/Ca Common 337907109 8822 223350 Sole 223350 Flagstar Bancorp Inc Com Common 337930101 5559 242231 Sole 1080 19360 221791 Fleet Boston Corp Common 339030108 75657 2511529 Sole 357191 38338 2116000 Fleetwood Enterprises Common 339099103 4778 515400 Sole 1400 26000 488000 Florida Rock Inds Inc Com Common 341140101 6532 131700 Sole 131700 Ford Motor Co Common 345370860 37968 3524692 Sole 510255 27852 2986585 Franklin Resources Common 354613101 2087 47205 Sole 47205 Freddie Mac Common 313400301 458324 8753141 Sole 1213191 97731 7442219 Freidman Billings Ramsey-A Common 358434108 7926 459461.5 Sole 1902.5 31810 425749 Fremont General Corp Common 357288109 5062 398300 Sole 2100 36600 359600 Fresh Del Monte Produce Inc Common G36738105 8977 364900 Sole 1600 28200 335100 Friedman's Inc. - Class A Common 358438109 759 54400 Sole 54400 Frontier Oil Corp Com Common 35914P105 4476 304500 Sole 700 9700 294100 FTI Consulting Inc. Common 302941109 4043 233000 Sole 1300 23900 207800 Fulton Financial Corp Common 360271100 6367 315195 Sole 315195 Gap Inc. Co. Common 364760108 62671 3659922 Sole 474970 36089 3148863 General Electric Co Common 369604103 65927 2211770 Sole 337713 37127 1836930 Genesee & Wyoming Inc-Cl A Common 371559105 4486 189200 Sole 189200 Genlyte Group Inc Com Common 372302109 3102 69600 Sole 69600 Glacier Bancorp New Com Common 37637Q105 8749 318944 Sole 1265 21852 295827 Golden West Financial Corp Common 381317106 2734 30545 Sole 30545 Goodrich B F Company Common 382388106 8623 355750 Sole 1200 22800 331750 Greater Bay Bancorp Com Common 391648102 7971 382870 Sole 840 16980 365050 Hain Celestial Group Inc. Common 405217100 1188 65500 Sole 65500 Harland John H Co Com Common 412693103 6488 245100 Sole 245100 Harsco Corp Com Common 415864107 4239 110200 Sole 110200 HCA Healthcare Company Common 404119109 89578 2430195 Sole 311950 19935 2098310 Healthcare Rlty Tr Com Common 421946104 5149 161000 Sole 161000 Herley Industries Inc Common 427398102 5950 340000 Sole 340000 Highwoods Pptys Inc Com Common 431284108 4624 193800 Sole 193800 Home Depot Inc. Common 437076102 131499 4127682 Sole 613699 49845 3464138 Hrpt Pptys Tr Com Sh Ben Int Common 40426W101 4075 445800 Sole 445800 Hughes Supply Inc. Common 444482103 467 14400 Sole 500 9800 4100 Humana Inc Common 444859102 54068 2994835 Sole 420230 41945 2532660 Imperial Tobacco Group Plc Common 453142101 29602 896591 Sole 41146 18500 836945 Independence Cmnty Bk Com Common 453414104 6801 193700 Sole 193700 Indymac Bancorp Inc Com Common 456607100 6340 273650 Sole 1050 18200 254400 Integrated Alarm Services Common 45890M109 2249 269200 Sole 269200 International Bncshrs Com Common 459044103 6131 147427.2 Sole 147427.2 IShares Russell 2000 Value Common 464287630 4836 34900 Sole 34900 Ishares Tr Russell 2000 Common 464287655 3824 39400 Sole 39400 J & J Snack Foods Corp Com Common 466032109 6215 173700 Sole 173700 J.P. Morgan Chase & Co. Common 46625H100 7709 224550 Sole 224550 Jefferson-Pilot Corp Common 475070108 1127 25399.5 Sole 25399.5 John Hancock Finl Svcs Inc Common 41014s106 2045 60500 Sole 60500 Johnson & Johnson Common 478160104 540 10900 Sole 10900 Kaman Corp Cl A Common 483548103 6511 502400 Sole 502400 Kerr-Mcgee Common 492386107 58062 1300661 Sole 177493 24016 1099152 Keycorp Common 493267108 97522 3813487 Sole 494545 55332 3263610 Labone Inc. Common 50540L105 5268 225900 Sole 225900 Laboratory Corp. Of America Ho Common 50540r409 72315 2519525 Sole 377510 25275 2116740 Lilly (Eli) & Co Common 532457108 529 8910 Sole 8200 20 690 Linens N Things Inc Common 535679104 5025 211300 Sole 211300 Lowes Cos. Common 548661107 31924 614897 Sole 95580 6122 513195 Luminent Common 550278204 5250 350000 Sole 350000 Magellan Midstream Partners Common 559080106 2400 52400 Sole 52400 Marsh & Mclennan Cos Common 571748102 3090 64900 Sole 64900 Matrix Service Co. Common 576853105 1189 66700 Sole 1000 17600 48100 Medco Health Solutions, Inc. Common 58405u102 14036 526279 Sole 76347 6400 443532 Mediware Information Systems Common 584946107 690 49100 Sole 1850 33450 13800 Mercantile Bankshares Corp. Common 587405101 3008 75200 Sole 75200 Merchants Bancshares Inv - Ver Common 588448100 562 19880 Sole 800 13455 5625 Merck & Co Common 589331107 219727 4341037 Sole 639409 57126 3644502 Merrill Lynch & Co Common 590188108 3974 74230 Sole 74230 Microsoft Common 594918104 203 7300 Sole 5000 2300 Midwest Banc Holdings Inc Common 598251106 4134 185700 Sole 185700 Mine Safety Appliances Co. Common 602720104 1167 21370 Sole 800 14150 6420 MIRANT TR I PFD CV SER A Preferred 60467Q102 209 26150 Sole 1000 17800 7350 Moog Inc Cl A Common 615394202 11939 304570 Sole 1200 20070 283300 Morg Stan Dean Wttr Dscvr & Co Common 617446448 3899 77270 Sole 77270 MTR Gaming Group Inc Common 553769100 5529 637700 Sole 2100 39600 596000 Multimedia Games Inc Common 625453105 9467 260150 Sole 600 11450 248100 Myers Industries Inc Common 628464109 3120 311683 Sole 311683 National Bank Of Canada Common 633067103 7681 284510 Sole 284510 National Beverage Corp. Common 635017106 299 19800 Sole 1200 15750 2850 Ndchealth Corp Com Common 639480102 396 18900 Sole 700 12900 5300 Nestle S A Sponsored ADR Common 641069406 2824 48990 Sole 43140 5850 New Century Financial Corp. Common 64352D101 3836 135200 Sole 135200 Newcastle Investment Corp. Common 65105M108 5513 239800 Sole 1500 28700 209600 Nisource Inc - Sails Common 65473P600 5493 2327553 Sole 642690 1684863 Novell Inc Com Common 670006105 6165 1163190 Sole 2990 39850 1120350 Nui Corp Com Common 629431107 3616 241900 Sole 241900 Ocular Sciences Inc Common 675744106 642 28880 Sole 1100 19280 8500 Ohio Casualty Corp Common 677240103 8883 613805 Sole 213785 13435 386585 Oil States International Inc Common 678026105 6108 481300 Sole 2100 38900 440300 Oshkosh Truck Corp. Common 688239201 8847 223350 Sole 640 12320 210390 PC-Tel Inc. Common 69325Q105 9015 843300 Sole 3600 64200 775500 Pediatrix Medical Group Common 705324101 5609 121800 Sole 121800 Penn Va Corp Com Common 707882106 10060 227600 Sole 550 9140 217910 Peoples Energy Corp Com Common 711030106 6571 158800 Sole 158800 Perot Systems Corp - Cl A Common 714265105 2752 275200 Sole 275200 Pff Bancorp Inc Com Common 69331W104 9341 293006 Sole 1085 16716 275205 Pfizer Common 717081103 2812 92568 Sole 7947 84621 Pharmaceutical Product Devel Common 717124101 3207 133700 Sole 133700 Phillips-Van Heusen Common 718592108 6378 424900 Sole 424900 PNC Financial Services Group Common 693475105 119273 2506648 Sole 332813 21409 2152426 Popular Inc Common 733174106 3705 93081 Sole 93081 Precision Castparts Corp Common 740189105 11297 321850 Sole 930 17970 302950 Prentiss Pptys Tr Sh Ben Int Common 740706106 5661 182600 Sole 182600 Provident Bankshares Com Common 743859100 7356 259550 Sole 400 6600 252550 Provident Financial Group Common 743866105 1851 66170 Sole 66170 Provident Financial Services Common 74386T105 4997 260800 Sole 260800 Province Healthcare Co Com Common 743977100 2379 183700 Sole 183700 Prudential Financial, Inc. Common 744320102 698 18690 Sole 18690 Quanta Common 74763s100 4000 400000 Sole 400000 Quest Diagnostics Inc. Common 74834L100 86098 1419785 Sole 199715 13300 1206770 R & G Financial Corp Cl B Common 749136107 6954 238150 Sole 700 12400 225050 RailAmerica Inc Common 750753105 2956 343700 Sole 343700 Ralcorp Holdings Inc Common 751028101 8271 298600 Sole 298600 Redwood Trust Inc Common 758075402 9548 225200 Sole 900 16800 207500 Reliant Resources Inc. Common 75952B105 11143 2176425 Sole 70800 88500 2017125 Reynolds RJ Tob Hldgs Inc Common 76182K105 174899 4422754 Sole 714838 62462 3645454 Roadway Corp Com Common 769742107 6228 127700 Sole 127700 Royal Dutch Pet -Ny Reg Common 780257804 221 5000 Sole 5000 S & T Bancorp Inc. Common 783859101 698 24500 Sole 24500 Safeco Corp Common 786429100 34528 951872 Sole 153171 11416 787285 Safeway Inc Common 786514208 39661 1729190 Sole 264674 40950 1423566 San Juan Basin Royalty Tr Common 798241105 4184 231400 Sole 1100 21000 209300 Scansource Inc Common 806037107 2618 71700 Sole 71700 Schering-Plough Common 806605101 65648 4306698 Sole 649624 111460 3545614 Scottish Re Group Ltd. Common G7885t104 6088 252100 Sole 1400 25400 225300 Selective Ins Group Com Common 816300107 10329 346500 Sole 346500 Serologicals Corp. Common 817523103 8148 619600 Sole 700 12400 606500 Sierra Pacific Resources Common 826428104 2618 539800 Sole 539800 SLM Corp. Common 78442p106 2257 57935 Sole 57935 Sonic Solutions Common 835460106 2626 188400 Sole 188400 Sovereign Bancorp. Inc. Common 845905108 99670 5372938 Sole 721748 58860 4592330 St Paul Cos Common 792860108 32477 885171 Sole 32235 14898 838038 St. Mary Land & Exploration Common 792228108 2788 110100 Sole 110100 Standard Pacific Corporation Common 85375C101 7758 204690 Sole 900 14570 189220 Staples Inc Common 855030102 148589 6231370 Sole 947609 103393 5180368 Sterling Financial Corp./Spoka Common 859319105 3166 112470 Sole 112470 Suntrust Banks Inc Common 867914103 1290 21376 Sole 21376 Tenet Healthcare Corp Common 88033G100 195 13500 Sole 13500 Tesoro Petroleum Corp Common 881609101 9370 1107550 Sole 2400 44200 1060950 Torchmark Corp Common 891027104 1436 35330 Sole 35330 Transocean Sedco Forex Inc Common G90078109 36896 1844954 Sole 172585 32047 1640322 Triad Hospitals Common 89579k109 15766 520665 Sole 1270 23890 495505 Tyco International Ltd Common 902124106 87341 4275481 Sole 623219 56609 3595653 U S Bancorp Common 902973304 75623 3151764 Sole 400104 43104 2708556 Ultra Pete Corp Common 903914109 12130 869550 Sole 1830 33820 833900 Unilever N V Ny Shares Common 904784709 937 15834 Sole 10723 5111 Union Planters Corp Common 908068109 3556 112390 Sole 3420 180 108790 Unit Corporation Common 909218109 3309 175650 Sole 820 16030 158800 Universal Compression Common 913431102 709 32959 Sole 32959 Universal Corp/Va Common 913456109 133495 3169374 Sole 426298 53131 2689945 Urs Corp New Com Common 903236107 6,871.00 354200 Sole 800 14300 339100 US Oncology Inc. Common 90338w103 3291 450150 Sole 1100 14200 434850 US Tobacco Inc. Common 902911106 298942 8498290 Sole 1193590 111273 7193427 Valmont Industries Common 920253101 4241 214300 Sole 214300 Vector Group Ltd Common 92240M108 8697 603988 Sole 1732 30778 571478 Wachovia Corp Common 929903102 68300 1657746 Sole 226616 20575 1410555 Wal-Mart Stores Common 931142103 581 10405 Sole 4305 6100 Washington Mutual Inc Common 939322103 373254 9480141 Sole 1342000 112600 8025541 Webster Finl Corp Waterbury Common 947890109 8028 201300 Sole 201300 Wells Fargo & Co (New) Common 949746101 5318 103253 Sole 2360 100893 Williams Co Inc. Common 969457100 91646 9727600 Sole 1262715 114295 8350590 WPS Resources Corp Com Common 92931B106 6143 149100 Sole 149100 York Intl Corp New Com Common 986670107 3967 114700 Sole 114700
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 244 Form 13F Information Table Value Total: 7,019,010 (thousands) List of Other Included Managers: N/A Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. Not Applicable