-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UvrfCRnFdB+eAAwBFxHKpKxXOnGBEJOt0DYa5Jm/AQ9QocVOCcQh/IrXtm2Uxd3v 32UGbe4ergM4bvkW4+0wjg== 0000950159-05-000557.txt : 20050509 0000950159-05-000557.hdr.sgml : 20050509 20050509144224 ACCESSION NUMBER: 0000950159-05-000557 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050509 DATE AS OF CHANGE: 20050509 EFFECTIVENESS DATE: 20050509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREMAN VALUE MANAGEMENT L L C CENTRAL INDEX KEY: 0001055282 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06700 FILM NUMBER: 05811183 BUSINESS ADDRESS: STREET 1: 10 EXCHANGE PLACE CITY: JERSEY CITY STATE: NJ ZIP: 07203 BUSINESS PHONE: 2017932000 MAIL ADDRESS: STREET 1: 10 EXCHANGE PLACE CITY: JERSEY CITY STATE: NJ ZIP: 07203 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: March 31, 2005 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: 520 East Cooper Ave., Suite 230-4 Aspen, CO 81611 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 Operating Officer Phone: (201) 793-2000 Signature, Place, and Date of Signing: /s/ Lloyd Jagai Jersey City, New Jersey May 9, 2005 [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).)
Voting Authority Title Market of Value Investment Name of Issuer Class CUSIP (x$1000) Quantity Discretion SOLE SHARED NONE - --------------------------------------------------------------------------------------------------------------------------- 3M Company Common 88579Y101 482 5630 Sole 5630 Aames Investment Corp. Common 00253G108 4510 550000 Sole 27700 72300 450000 Abbey National PLC 7.375% Pfd. Preferred 002920700 1549 58000 Sole 58000 ABN AMRO CAP VII (ABNA) - 6.08 Preferred 00372Q201 4886 200000 Sole 200000 Accredited Home Lenders Common 00437P107 3623 100000 Sole 100000 Accredo Health Inc Com Common 00437V104 11036 248500 Sole 248500 Aeroflex Inc Com Common 007768104 2668 286000 Sole 286000 Affordable Resid (ARC) 8.25% P Preferred 008273203 5020 200000 Sole 200000 AGCO Corp. Common 001084102 8457 463400 Sole 5900 21400 436100 Air Prods & Chems Inc Common 009158106 975 15400 Sole 15400 Ak Steel Holding Corp Common 001547108 2073 187400 Sole 187400 Alabama Power 5.3% Pfd. Preferred 010392561 2012 80000 Sole 80000 Alaska Comm Systems Group Common 01167P101 4593 457000 Sole 107000 350000 Albany Intl Corp New Cl A Common 012348108 2782 90100 Sole 90100 Aleris International Inc. Common 014477103 17517 702100 Sole 14800 51100 636200 Allegheny Energy Inc. Common 017361106 10983 531600 Sole 10600 38500 482500 Alliance Gaming Corp Com New Common 01859P609 9513 992000 Sole 11900 36700 943400 Allied Healthcare Internationa Common 01923a109 6866 1098600 Sole 1098600 Allstate Common 020002101 3795 70195 Sole 700 69495 Altria Group Inc Common 02209s103 1110414 16981395 Sole 4670368 491569 11819458 Ameren Corp. Common 023608102 35072 715600 Sole 715600 American Express Common 025816109 6485 126250 Sole 126250 American Home Mortage Inves Common 02660R107 5298 185000 Sole 185000 American International Group Common 026874107 227894 4112846 Sole 728019 152999 3231828 Amerisourcebergen Corp. Common 03073e105 130169 2272134 Sole 343338 89141 1839655 Ameron Inc. Common 030710107 630 17500 Sole 17500 Anadarko Petroleum Common 032511107 26676 350535 Sole 71415 54020 225100 Apache Corp Com Common 037411105 84629 1382180 Sole 202585 65195 1114400 Apartment Invt & Mgt C Preferred 03748r853 471 18000 Sole 18000 Applied Films Corp Common 038197109 5810 251300 Sole 251300 Applied Signal Technology Common 038237103 4488 196000 Sole 6300 22500 167200 ATP Oil & Gas Corporation Common 00208j108 8202 379000 Sole 7400 26200 345400 Atwood Oceanics Inc. Common 050095108 9954 149600 Sole 2500 9200 137900 Aviall Inc Common 05366B102 1800 64300 Sole 9500 35100 19700 B&G Foods Holdings Corp-EIS Common 05508r205 11822 793400 Sole 15800 57600 720000 Banco Santander 6.4100% Pfd. S Preferred 80281R300 2044 80000 Sole 80000 Bank Of America Corp Common 060505104 297406 6743881 Sole 1427033 213417 5103431 Bard (C.R.) Inc. Common 067383109 1691 24840 Sole 24840 Baxter International Inc Common 071813109 391 11500 Sole 11500 BB&T Corp. Common 054937107 324 8300 Sole 8300 Bear Stearns Cos Inc. Common 073902108 3940 39440 Sole 400 39040 Becton Dickinson & Co Common 075887109 68056 1164952 Sole 178195 42397 944360 Best Buy Inc. Common 086516101 25873 479058 Sole 50553 41080 387425 Borders Group Inc. Common 099709107 204546 7683902 Sole 1227937 315860 6140105 BP Amoco Plc - Spons Adr Common 055622104 2661 42652 Sole 41152 1500 BP Prudhoe Bay Royalty Trust Common 055630107 14211 203600 Sole 203600 Briggs & Stratton Common 109043109 4857 133400 Sole 133400 Bristol Myers Squibb Common 110122108 275642 10826543 Sole 2897457 339241 7589845 British American Tobacco Common 110448107 6501 184260 Sole 77628 75517 31115 Bucyrus International Inc. Cla Common 118759109 539 13800 Sole 2100 7300 4400 Burlington Resources Inc Common 122014103 66275 1323645 Sole 198480 55800 1069365 Caci Intl Inc Cl A Common 127190304 6898 124900 Sole 124900 CAE Inc. Common 124765108 7335 1481800 Sole 1481800 Cameco Corp Common 13321L108 1812 40950 Sole 6300 22450 12200 Capital Lease Funding Common 140288101 5150 466100 Sole 466100 Carbo Ceramics Inc Common 140781105 6524 93000 Sole 93000 Cardinal Health Inc. Common 14149Y108 73294 1313505 Sole 211735 74835 1026935 Carolina Gp - Loews Corp Common 540424207 48071 1452300 Sole 1452300 CBRL Group Inc Common 12489v106 6971 168800 Sole 168800 Centennial Bank Holdings Inc 1 Common 151345204 10500 1000000 Sole 1000000 Center Financial Corp Common 15146e102 4617 261900 Sole 261900 Century Aluminum Company Common 156431108 9356 309200 Sole 5600 19800 283800 Charles River Laboratories Common 159864107 17795 378300 Sole 2800 10100 365400 Chevron Texaco Corp. Common 166764100 373828 6411037 Sole 1414587 224910 4771540 Chevy Chase PFD 8% Preferred 166779207 5263 189300 Sole 189300 Chiquita Brands Intl Common 170032809 16976 633900 Sole 6200 23200 604500 Chubb Corp Common 171232101 3451 43530 Sole 200 43330 CIT Group Common 125581108 38189 1004965 Sole 108250 896715 Citigroup, Inc Common 172967101 25452 566361 Sole 40361 526000 Cleveland Cliffs Inc Common 185896107 6799 93300 Sole 93300 C-Met Common 189758105 1800 18000 Sole 18000 CMS Energy Corp Common 125896100 9827 753600 Sole 753600 Cohen & Steers REIT & PR Common 19247x100 2894 116000 Sole 116000 Commercial Capital Bancorp Common 20162L105 5150 253050 Sole 5350 17700 230000 Compton Petroleum Corp. (Canad Common 204940100 3308 354600 Sole 354600 ConocoPhilips Common 20825C104 598580 5550826 Sole 1085984 188198 4276644 Consolidated Edison Inc. Common 209115104 27826 659700 Sole 659700 Consolidated Graphics Inc. Common 209341106 9016 171400 Sole 171400 Cooper Cos Inc Com New Common 216648402 814 11172 Sole 1046 6427 3699 Covansys Corporation Common 22281W103 6278 420900 Sole 420900 Curtiss-Wright Corp. Common 231561101 9092 159500 Sole 2900 10700 145900 Cyberguard Corp. Common 231910100 5253 637500 Sole 637500 Dairy Farmers (Dairy) 7.875% S Preferred 23385H208 4195 40000 Sole 40000 Denbury Resources Common 247916208 10432 296100 Sole 5600 20100 270400 Devon Energy Common 25179M103 272200 5699561 Sole 1158072 205009 4336480 Doral Financial - 7.25% Pfd Preferred 25811P407 217 8660 Sole 8660 Doral Financial Corp. Common 25811P100 6959 317900 Sole 300 317600 Dow Chemical Common 260543103 555 11135 Sole 11135 DRS Technologies Inc Common 23330x100 9082 213700 Sole 100 213600 Dte Energy Common 233331107 8691 191100 Sole 191100 Du Pont (E I) De Nemours Common 263534109 1044 20375 Sole 4000 16375 Duratek Inc. Common 26658Q102 11810 592000 Sole 10400 36700 544900 ECC Capital Corp Common 26826M108 2100 350000 Sole 350000 El Paso Corporation Common 28336L109 86039 8132275 Sole 979045 7153230 El Paso Tennessee Pipe - 8.25% Preferred 283727204 21648 440000 Sole 440000 Electronic Data Systems Corp Common 285661104 195378 9452154 Sole 935037 209021 8308096 Emcor Group Inc Com Common 29084Q100 9523 203400 Sole 203400 Empire District Electric Co. Common 291641108 8418 361900 Sole 361900 ENCANA CORP Common 292505104 21559 306150 Sole 41200 264950 Endurance Specialty Holdings Common g30397106 11072 292600 Sole 5100 18600 268900 Energy Partners Ltd. Common 29270u105 5973 230000 Sole 230000 Enerplus Resources Fund Common 29274D604 1846 50900 Sole 50900 Evergreen Inc. Advantage Fund Common 30023y105 4212 296200 Sole 296200 Express Scripts Inc. Common 302182100 654 7500 Sole 7500 Exxon Mobil Corp Common 30231G102 1748 29337 Sole 20337 9000 Fannie Mae Common 313586109 445375 8179520 Sole 1789256 268431 6121833 Fannie Mae 5.1% Series Preferr Preferred 313586604 8475 200000 Sole 200000 Fannie Mae 5.375% Convertible Preferred 313586810 37852 405 Sole 405 Fannie Mae Floating Quarterly Preferred 313586794 4425 80000 Sole 80000 Federated Dept Stores Common 31410h101 94675 1487670 Sole 260099 71505 1156066 Feldman Mall Properties Inc Common 314308107 6817 562900 Sole 562900 Fieldstone Investment Corp Common 31659U300 14131 819200 Sole 819200 Fifth Third Bancorp Common 316773100 3009 70000 Sole 70000 Fisher Scientific Internationa Common 338032204 2354 41350 Sole 250 41100 Florida Rock Inds Inc Com Common 341140101 11620 197550 Sole 197550 Ford Motor Co Common 345370860 37524 3311898 Sole 295145 3016753 Foster Wheeler Ltd. Common G36535139 8712 500700 Sole 500700 Franklin Resources Common 354613101 2891 42110 Sole 42110 Freddie Mac Common 313400301 642151 10160608 Sole 2491707 297890 7371011 Freidman Billings Ramsey-A Common 358434108 2496 157300 Sole 157300 Gencorp Inc Com Common 368682100 11654 582700 Sole 13100 47500 522100 General Cable Corp/De Common 369300108 18106 1500100 Sole 25800 93200 1381100 General Electric Co Common 369604103 84317 2338245 Sole 394841 88956 1854448 Genesee & Wyoming Inc-Cl A Common 371559105 7836 302450 Sole 302450 Genlyte Group Inc Com Common 372302109 9915 110200 Sole 110200 Georgia Gulf Corp Common 373200203 8515 185200 Sole 185200 Glaxo Wellcome Plc -Sp Adr Common 37733W105 381 8300 Sole 8300 Global Industries LTD Common 379336100 9386 998500 Sole 16300 58400 923800 GoldCorp Inc. Common 380956409 7325 515475 Sole 6725 33350 475400 Goldman Sachs Common 38141G104 3982 36200 Sole 800 35400 Grant Prideco Inc. Common 38821G101 12430 514500 Sole 514500 Great Plains Energy Inc. Common 391164100 10006 327200 Sole 327200 Greater Bay Bancorp Com Common 391648102 2812 115200 Sole 2000 113200 Grey Wolf Inc Common 397888108 7959 1209550 Sole 19850 68300 1121400 Gulfmark Offshore Inc. Common 402629109 6441 248600 Sole 248600 Harland John H Co Com Common 412693103 3072 89400 Sole 89400 Harsco Corp Com Common 415864107 11213 188100 Sole 188100 HCA Healthcare Company Common 404119109 164495 3070706 Sole 472539 107482 2490685 Headwaters Inc. Common 42210p102 8169 248900 Sole 3800 13800 231300 Helen of Troy Ltd Common G4388N106 10766 393200 Sole 1700 13700 377800 Herley Industries Inc Common 427398102 6332 370100 Sole 370100 HMS Holdings Corp Common 40425j101 1467 198200 Sole 29800 109500 58900 Home Depot Inc. Common 437076102 158990 4157679 Sole 649128 148486 3360065 Hornbeck Offshore Services Common 440543106 6152 245500 Sole 245500 Hughes Supply Inc. Common 444482103 869 29200 Sole 4300 15800 9100 Hyperion Total Return Fund Common 449145101 2335 232600 Sole 232600 Imperial Tobacco Group Plc Common 453142101 50638 952539 Sole 73506 48703 830330 Independence Cmnty Bk Com Common 453414104 1139 29200 Sole 29200 Indymac Bancorp Inc Com Common 456607100 6761 198850 Sole 4050 14900 179900 Infrasource Services Inc. Common 45684P102 10387 865600 Sole 10800 39400 815400 International Bncshrs Com Common 459044103 4497 129700 Sole 129700 J.P. Morgan Chase & Co. Common 46625H100 55132 1593436 Sole 187401 245 1405790 Johnson & Johnson Common 478160104 566 8433 Sole 1133 7300 Kerr-Mcgee Common 492386107 121456 1550547 Sole 419264 53593 1077690 Keycorp Common 493267108 152587 4702190 Sole 1294356 148634 3259200 Keyspan Common 49337w100 5054 129700 Sole 129700 KKR Financial Corp. 144, priva Common 482476108 26250 2500000 Sole 300 2499700 KOMAG Inc. Common 500453204 8171 365600 Sole 10300 36700 318600 Labone Inc. Common 50540L105 7789 225900 Sole 225900 Laboratory Corp. Of America Ho Common 50540r409 172966 3588536 Sole 543114 122797 2922625 Ladenburg Thalmann Financial Common 50575Q102 121 177955 Sole 89237 6709 82009 Laidlaw International Common 50730r102 10107 485900 Sole 485900 Lakes Entertainment Inc Common 51206P109 13102 727900 Sole 15550 56100 656250 Lehman Brothers Holding 6.5% S Preferred 524908720 3695 140500 Sole 140500 Lehman Brothers Holdings Inc Common 524908100 3475 36900 Sole 500 36400 Levitt Corp. - CL A Common 52742P108 12064 470500 Sole 6300 22500 441700 Lilly (Eli) & Co Common 532457108 427 8200 Sole 8200 LTC Properties 8% Series F Preferred 502175607 2058 80000 Sole 80000 Luminent Mortgage Capital Inc. Common 550278303 8719 794100 Sole 794100 Marshall & Ilsley Corp. Common 571834100 3749 89800 Sole 89800 Meadowbrook Insurance Group Common 58319P108 7297 1389900 Sole 1389900 Medco Health Solutions, Inc. Common 58405u102 183183 3695455 Sole 549797 99672 3045986 Mediware Information Systems Common 584946107 544 50300 Sole 7550 27250 15500 Mellon Financial Corp Common 58551A108 4895 171500 Sole 171500 MEMC Electronic Materials Common 552715104 1510 112300 Sole 112300 Mercantile Bankshares Corp. Common 587405101 3438 67600 Sole 67600 Merck & Co Common 589331107 161441 4987363 Sole 1614666 176510 3196187 Merrill Lynch & Co Common 590188108 5210 92050 Sole 1600 90450 Metal Management, Inc. Common 591097209 13628 530700 Sole 9200 33400 488100 Mettler-Toledo International Common 592688105 13942 293520 Sole 4100 14820 274600 MFA Mortgage Investments, Inc. Common 55272x102 7407 973300 Sole 973300 Millipore Corp. Common 601073109 7044 162300 Sole 100 162200 MKS Instrument Inc Com Common 55306N104 3687 232200 Sole 232200 Morg Stan Dean Wttr Dscvr & Co Common 617446448 5813 101530 Sole 1950 99580 National Bank Of Canada Common 633067103 9036 208750 Sole 208750 National City Corp Common 635405103 3506 104656 Sole 900 103756 NCI Building Systems, Inc. Common 628852105 5890 152600 Sole 152600 Nestle S A Sponsored ADR Common 641069406 789 11500 Sole 8400 3100 New Century Financial Corp. RE Common 6435ev108 7075 151100 Sole 151100 NewAlliance Bancshares Inc. Common 650203102 7000 500000 Sole 500000 Newcastle Investment Corp. Common 65105M108 22891 773359 Sole 158000 23350 592009 NewCastle Invt Holdings Corp C Common 65105Q109 3244 388759 Sole 388759 Newmont Mining Corp Common 651639106 676 16000 Sole 16000 Nicor Inc. Common 654086107 4017 108300 Sole 108300 Nisource Inc Com Common 65473P105 5802 254568 Sole 50944 203624 Nobel Learning Communities Common 654889104 3109 360700 Sole 27100 99300 234300 Noble International Ltd Common 655053106 1894 83600 Sole 83600 Northwest Pipe Company Common 667746101 5232 211900 Sole 211900 Nova Chemicals Corp Common 66977W109 9056 210850 Sole 4050 15000 191800 Novartis Ag Sponsored Adr Common 66987v109 234 5000 Sole 5000 Novastar Financial 8.90% Serie Preferred 669947806 531 21000 Sole 21000 Novastar Financial Inc. Common 669947400 58102 1613500 Sole 348900 28000 1236600 NS Group Inc Common 628916108 3339 106300 Sole 106300 Nuveen Pfd. & Cvrt Income Fund Common 67073d102 3062 240000 Sole 240000 Nuveen Quality Preferred II Common 67072c105 2879 211200 Sole 211200 Occidental Petroleum Common 674599105 110576 1553696 Sole 233365 56926 1263405 Odyssey Healthcare Inc Common 67611V101 7668 652050 Sole 250 651800 Offshore Logistics Common 676255102 7440 223300 Sole 223300 OGE Energy Corp. Common 670837103 12656 469600 Sole 469600 Oil States International Inc Common 678026105 8997 437800 Sole 437800 Omega Healthcare 8.375% Pfd Se Preferred 681936407 10400 400000 Sole 400000 Oneok Inc New Com Common 682680103 10750 348800 Sole 348800 Oriental Financial Group Common 68618W100 3372 143990 Sole 143990 Ormat Technologies Inc Common 686688102 5088 324900 Sole 324900 Oshkosh Truck Corp. Common 688239201 11397 139000 Sole 3000 10700 125300 Pan American Silver Corp. Common 697900108 8294 523100 Sole 523100 Par Pharmaceutical Cos Inc. Common 69888p106 13978 418000 Sole 3600 13300 401100 Patterson-Uti Energy Inc. Common 703481101 17782 710700 Sole 9400 34400 666900 Pediatrix Medical Group Common 705324101 8354 121800 Sole 121800 Pengrowth Energy Trust Common 706902301 2630 131500 Sole 131500 Penn Va Corp Com Common 707882106 5747 125200 Sole 125200 Peoples Choice Common 71085T105 6000 600000 Sole 600000 Peoples Energy Corp Com Common 711030106 15707 374700 Sole 374700 Pepco Holdings Inc. Common 713291102 5690 271100 Sole 271100 Pepsico Inc Common 713448108 456 8600 Sole 1500 7100 Perrigo Company Common 714290103 4033 210600 Sole 210600 Petrohawk Energy Corp Common 716495106 7709 735600 Sole 800 734800 Petroquest Energy Inc. Common 716748108 6258 942500 Sole 1500 941000 Pff Bancorp Inc Com Common 69331W104 6359 230400 Sole 230400 Pfizer Common 717081103 164261 6252754 Sole 1323620 368219 4560915 Phillips-Van Heusen Common 718592108 11319 424900 Sole 424900 Pioneer Drilling Company Common 723655106 14651 1064000 Sole 14600 52300 997100 Pioneer High Income Trust Common 72369H106 4463 295200 Sole 295200 Piper Jaffray Common 724078100 343 9384 Sole 135 9249 Pitney Bowes Inc Common 724479100 265 5880 Sole 5880 Plexus Corp Common 729132100 7209 626300 Sole 626300 PMI Group Inc. Common 69344M101 2416 63550 Sole 250 63300 PNC Financial Services Group Common 693475105 140920 2737396 Sole 577238 61724 2098434 Popular Inc Common 733174106 1335 54900 Sole 54900 Precision Castparts Corp Common 740189105 13511 175450 Sole 3930 14470 157050 Procentury Corp Common 74268T108 8866 845200 Sole 845200 Procter & Gamble Co Common 742718109 402 7584 Sole 4284 3300 Progress Energy Common 743263105 18210 434100 Sole 434100 Prospect Energy Corp. Common 74348T102 9381 727233.88 Sole 11623 42373.88 673237 Provident Bankshares Com Common 743859100 8235 249850 Sole 249850 Province Healthcare Co Com Common 743977100 12888 535000 Sole 7300 26900 500800 Prudential Financial, Inc. Common 744320102 1044 18190 Sole 18190 Public Service Enterprises Common 744573106 9246 170000 Sole 170000 Quest Diagnostics Inc. Common 74834L100 175703 1671299 Sole 237953 54676 1378670 R & G Financial Corp Cl B Common 749136107 10032 321850 Sole 5200 19350 297300 RailAmerica Inc Common 750753105 5295 424300 Sole 424300 Ralcorp Holdings Inc Common 751028101 15578 329000 Sole 300 328700 Regal Entertainment Group Common 758766109 2601 123700 Sole 123700 Regions Financial Corp. New Common 7591ep100 25863 798255 Sole 537220 140458 120577 Reliant Resources Inc. Common 75952B105 18183 1597800 Sole 8300 44900 1544600 Reynolds American Inc Common 761713106 251688 3123082 Sole 936860 90922 2095300 Royal Dutch Pet -Ny Reg Common 780257804 1159 19300 Sole 14300 5000 Safety Insurance Group Inc. Common 78648T100 743 24000 Sole 3600 13000 7400 Safeway Inc Common 786514208 30578 1645014 Sole 235315 11264 1398435 San Juan Basin Royalty Tr Common 798241105 5435 150800 Sole 150800 Saxon REIT Inc. Common 80556T106 342 19900 Sole 3200 12000 4700 SBC Communications Inc Common 78387G103 27081 1143150 Sole 1143150 Scansource Inc Common 806037107 5437 104900 Sole 104900 Schering-Plough Common 806605101 24199 1333305 Sole 172375 1160930 Scottish Re Group Ltd. Common G7885t104 1522 67600 Sole 67600 Selective Ins Group Com Common 816300107 15922 344400 Sole 344400 Sensient Technologies Corp. Common 81725T100 11144 516900 Sole 516900 Serologicals Corp. Common 817523103 12777 522800 Sole 522800 Sierra Pacific Resources Common 826428104 5803 539800 Sole 539800 SLM Corp. Common 78442p106 345 6930 Sole 6930 Sonic Solutions Common 835460106 8863 588900 Sole 588900 Southern Co Common 842587107 263 8250 Sole 8250 Southern Union 7.55% Yield Preferred 844030601 10297 385500 Sole 385500 Southern Union Co Common 844030106 24267 966410 Sole 10965 39790 915655 Sovereign Bancorp. Inc. Common 845905108 119968 5413811 Sole 772482 143909 4497420 Specialty Underwriter's Alli Common 84751T309 8850 992200 Sole 2000 10100 980100 St. Paul Travelers Companies, Common 792860108 21010 572021 Sole 7271 564750 Staples Inc Common 855030102 108141 3440963 Sole 491147 112106 2837710 Star Gas Partners, L.P. Common 85512C105 607 190200 Sole 190200 Steel Technologies Inc Common 858147101 4942 206000 Sole 206000 Sterling Financial Corp./Spoka Common 859319105 5783 161987 Sole 4600 17400 139987 Stratasys Inc. Common 862685104 6335 223600 Sole 6300 23200 194100 Suntrust Banks Inc Common 867914103 1562 21676 Sole 300 21376 Superior Energy Services Inc. Common 868157108 6698 389400 Sole 389400 Target Corp Common 87612E106 621 12420 Sole 12420 Teco Energy Inc. Common 872375100 8072 514800 Sole 9900 35900 469000 Thomas Properties Group Common 884453101 7387 594800 Sole 594800 Tortoise Energy Infrastructure Common 89147L100 11561 405069 Sole 4586 23035 377448 Tower Group Inc. Common 891777104 8288 621300 Sole 621300 Transocean Sedco Forex Inc Common G90078109 23585 458316 Sole 44360 413956 Triad Gty Inc Com Common 895925105 8549 162500 Sole 3800 14100 144600 Triad Hospitals Common 89579k109 12087 241250 Sole 2650 7800 230800 Triumph Group Inc New Com Common 896818101 8419 216200 Sole 216200 Tsakos Energy Navigation Limit Common G9108L108 5152 117000 Sole 117000 Tyco International Ltd Common 902124106 144562 4277000 Sole 601311 96674 3579015 U S Bancorp Common 902973304 105759 3669622 Sole 912468 124089 2633065 Unilever N V Ny Shares Common 904784709 1996 29172 Sole 26701 2471 United Defense Inds Inc Common 91018B104 10205 139000 Sole 139000 Universal Compression Common 913431102 13913 367400 Sole 5300 18800 343300 Universal Corp/Va Common 913456109 155184 3390499 Sole 659551 133013 2597935 Uranium Resources Inc Common 916901309 1934 2843600 Sole 3000 2840600 URS Corp New Com Common 903236107 16347 568600 Sole 6500 23500 538600 UST Inc. Common 902911106 524780 10150488 Sole 2710541 323212 7116735 Valmont Industries Common 920253101 6352 284600 Sole 284600 Vector Group Ltd Common 92240M108 11370 739302 Sole 371823 26067 341412 Vintage Petroleum Inc Common 927460105 8516 270700 Sole 270700 Vintage Wine Trust Common 92746P100 7500 750000 Sole 750000 Vishay Intertech Common 928298108 8584 690600 Sole 100 690500 Wachovia Corp Common 929903102 92430 1815540 Sole 348240 82026 1385274 Wal-Mart Stores Common 931142103 316 6306.91 Sole 4305 1.91 2000 Washington Group Intl Inc Common 938862208 7495 166600 Sole 166600 Washington Mutual Inc Common 939322103 446444 11302340 Sole 2862574 423996 8015770 Waters Corp. Common 941848103 344 9600 Sole 9600 Watts Industries -Cl A Common 942749102 10321 316500 Sole 7400 27000 282100 WCA Waste Corp. Common 92926k103 13149 1341700 Sole 19300 70600 1251800 Webster Finl Corp Waterbury Common 947890109 5606 110700 Sole 110700 Wells Fargo & Co (New) Common 949746101 5191 86803 Sole 1853 84950 Wesco Intl Inc Com Common 95082P105 7389 263900 Sole 263900 WestCoast Hospital 9.50% 2/19/ Preferred 95751T206 3275 125000 Sole 125000 Western Digital Corp Common 958102105 823 75900 Sole 9200 43600 23100 Westlake Chemical Corp Common 960413102 1004 30050 Sole 2950 18900 8200 Wheaton River Minerals Ltd. Common 962902102 89 25000 Sole 14600 10400 Williams Coal Seam Gas Trust Common 969450105 3914 240400 Sole 240400 Wolverine World Wide Inc Common 978097103 8240 384500 Sole 384500 Worthington Industries Inc Common 981811102 6008 311600 Sole 311600 WPS Resources Corp Com Common 92931B106 8144 153900 Sole 153900 Wyeth Common 983024100 40396 957750 Sole 192087 101748 663915 Yellow Roadway Corp. Common 985577105 10373 177195 Sole 3800 13350 160045 York Intl Corp New Common Common 986670107 4349 125900 Sole 125900 YUM! BRANDS, INC Common 988498101 388 7492 Sole 7492 Zoll Medical Corp. Common 989922109 5421 240600 Sole 240600
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 330 Form 13F Information Table Value Total: 11,439,484 (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 -----END PRIVACY-ENHANCED MESSAGE-----