-----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, KCS8Sg9Bbp40eFZ1TpAdgDOtXFRwgvAIXLXUNjM53sIkwf97WHwdn7fOkRM74+CE EPc+ozJ/QUI7vEb24wM5/g== 0000950159-05-000919.txt : 20050809 0000950159-05-000919.hdr.sgml : 20050809 20050809154051 ACCESSION NUMBER: 0000950159-05-000919 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050809 DATE AS OF CHANGE: 20050809 EFFECTIVENESS DATE: 20050809 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: 051009686 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: June 30, 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 Executive Officer Phone: (201) 793-2000 Signature, Place, and Date of Signing: /s/ Lloyd Jagai Jersey City, New Jersey August 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 Market Title Value Investment Name of Issuer of class CUSIP (x$1000) Quantity Discretion SOLE SHARED NONE - --------------------------------------------------------------------------------------------------------------------------- 3M Company Common 88579Y101 407 5630 Sole 5630 Aames Investment Corp. Common 00253G108 5380 553500 Sole 31200 72300 450000 Abbey National PLC 7.375% Pfd. Preferred 002920700 1554 58000 Sole 58000 ABN AMRO CAP VII (ABNA) - 6.08 Preferred 00372Q201 4970 200000 Sole 200000 Accredo Health Inc Com Common 00437V104 11282 248500 Sole 248500 Adeza Biomedical Corp Common 006864102 769 45300 Sole 8500 23800 13000 Aeroflex Inc Com Common 007768104 9982 1188300 Sole 20500 65400 1102400 Affordable Resid (ARC) 8.25% P Preferred 008273203 5060 200000 Sole 200000 AGCO Corp. Common 001084102 12842 671650 Sole 15850 49200 606600 Agrium Inc Common 008916108 9030 460500 Sole 11500 35400 413600 Air Prods & Chems Inc Common 009158106 929 15400 Sole 15400 Alabama Power 5.3% Pfd. Preferred 010392561 1988 80000 Sole 80000 Alaska Comm Systems Group Common 01167P101 4529 457000 Sole 107000 350000 Aleris International Inc. Common 014477103 12488 553800 Sole 9200 28700 515900 Allegheny Energy Inc. Common 017361106 13404 531500 Sole 11900 38500 481100 Alliance Gaming Corp Com New Common 01859P609 14332 1022250 Sole 17450 52700 952100 Allied Healthcare Internationa Common 01923a109 7778 1098600 Sole 1098600 Allstate Common 020002101 4015 67195 Sole 700 66495 Altria Group Inc Common 02209s103 1109073 17152402 Sole 4723018 547581 11881803 Ameren Corp. Common 023608102 39573 715600 Sole 715600 American Express Common 025816109 6380 119850 Sole 119850 American Home Mortage Inves Common 02660R107 6468 185000 Sole 185000 American International Group Common 026874107 243318 4187912 Sole 769086 184422 3234404 Amerisourcebergen Corp. Common 03073e105 158802 2296460 Sole 350858 96617 1848985 Ameron Inc. Common 030710107 1526 40800 Sole 40800 Anadarko Petroleum Common 032511107 52708 641613 Sole 138708 88295 414610 Apache Corp Com Common 037411105 105959 1640264 Sole 278817 101837 1259610 Apartment Invt & Mgt C Preferred 03748r853 468 18000 Sole 18000 Applied Films Corp Common 038197109 7327 286200 Sole 286200 Applied Signal Technology Common 038237103 8506 446750 Sole 9550 30300 406900 ARGON ST INC Common 040149106 3550 100000 Sole 100000 ATP Oil & Gas Corporation Common 00208j108 3292 140700 Sole 3800 11500 125400 Atwood Oceanics Inc. Common 050095108 4020 65300 Sole 65300 Aviall Inc Common 05366B102 3829 121200 Sole 9200 29300 82700 B&G Foods Holdings Corp-EIS Common 05508r205 11645 796000 Sole 18400 57600 720000 Banco Santander 6.4100% Pfd. S Preferred 80281R300 2029 80000 Sole 80000 Bank Of America Corp Common 060505104 307587 6743825 Sole 1442650 211355 5089820 Bard (C.R.) Inc. Common 067383109 1652 24840 Sole 24840 Baxter International Inc Common 071813109 435 11730 Sole 11500 230 BB&T Corp. Common 054937107 296 7400 Sole 7400 Bear Stearns Cos Inc. Common 073902108 4006 38540 Sole 400 38140 Becton Dickinson & Co Common 075887109 61743 1176711 Sole 179570 48116 949025 Borders Group Inc. Common 099709107 197138 7788923 Sole 1258122 355876 6174925 BP Amoco Plc - Spons Adr Common 055622104 2661 42652 Sole 41152 1500 BP Prudhoe Bay Royalty Trust Common 055630107 14572 203600 Sole 203600 Bristol Myers Squibb Common 110122108 273116 10933318 Sole 2942055 368568 7622695 British American Tobacco Common 110448107 8265 212957 Sole 98383 82054 32520 Bucyrus International Inc. Cla Common 118759109 534 14050 Sole 2350 7300 4400 Burlington Resources Inc Common 122014103 95631 1731253 Sole 259917 69811 1401525 Caci Intl Inc Cl A Common 127190304 7889 124900 Sole 124900 CAE Inc. Common 124765108 9526 1773900 Sole 1773900 Cameco Corp Common 13321L108 1866 41700 Sole 7050 22450 12200 Capital Lease Funding Common 140288101 4774 440000 Sole 440000 Cardinal Health Inc. Common 14149Y108 77510 1346146 Sole 229291 83175 1033680 Carolina Gp - Loews Corp Common 540424207 48391 1452300 Sole 1452300 Carrizo Oil & Gas Inc. Common 144577103 8365 490300 Sole 10900 32900 446500 CBRE Realty Finance Common 12498B109 7500 500000 Sole 500000 CBRL Group Inc Common 12489v106 6560 168800 Sole 168800 Centennial Bank Holdings Inc 1 Common 151345204 10500 1000000 Sole 1000000 Center Financial Corp Common 15146e102 6143 247400 Sole 247400 Centerplate Inc IDS Common 15200E204 701 55000 Sole 55000 Century Aluminum Company Common 156431108 3798 186200 Sole 186200 Charles River Laboratories Common 159864107 18270 378650 Sole 3150 10100 365400 Chevron Corporation Common 166764100 364718 6522140 Sole 1454724 263148 4804268 Chevy Chase PFD 8% Preferred 166779207 5300 189300 Sole 189300 Chiquita Brands Intl Common 170032809 17429 634700 Sole 7000 23200 604500 Chubb Corp Common 171232101 3624 42330 Sole 200 42130 CIT Group Common 125581108 42034 978215 Sole 100050 878165 Citigroup, Inc Common 172967101 83367 1803314 Sole 246237 79307 1477770 Clear Channel Communications Common 184502102 4035 130443 Sole 130443 C-Met Common 189758105 1800 18000 Sole 18000 CMS Energy Corp Common 125896100 5893 391300 Sole 391300 Cohen & Steers REIT & PR Common 19247x100 3138 116000 Sole 116000 Commercial Capital Bancorp Common 20162L105 3099 185450 Sole 450 185000 Compton Petroleum Corp. (Canad Common 204940100 6770 743700 Sole 743700 ConocoPhilips Common 20825C104 642749 11180224 Sole 2199145 382738 8598341 Consolidated Edison Inc. Common 209115104 30900 659700 Sole 659700 Consolidated Graphics Inc. Common 209341106 4322 106000 Sole 106000 Covansys Corporation Common 22281W103 6298 490100 Sole 490100 Curtiss-Wright Corp. Common 231561101 1060 19650 Sole 3250 10700 5700 Cyberguard Corp. Common 231910100 3790 637500 Sole 637500 Dairy Farmers (Dairy) 7.875% S Preferred 23385H208 4183 40000 Sole 40000 Danielson Holding Corp Common 236274106 5496 451600 Sole 7000 22200 422400 Denbury Resources Common 247916208 9362 235400 Sole 4600 14600 216200 Devon Energy Common 25179M103 293176 5784867 Sole 1191928 230204 4362735 DHB Industries Inc. Common 23321e103 10351 1225000 Sole 19200 58400 1147400 Doral Financial - 7.25% Pfd Preferred 25811P407 218 8660 Sole 8660 Doral Financial Corp. Common 25811P100 1180 71350 Sole 13050 39800 18500 Dow Chemical Common 260543103 540 12135 Sole 11135 1000 DRS Technologies Inc Common 23330x100 12374 241300 Sole 4800 14800 221700 Dte Energy Common 233331107 8938 191100 Sole 191100 Du Pont (E I) De Nemours Common 263534109 876 20375.7 Sole 4000.7 16375 Duratek Inc. Common 26658Q102 13752 593250 Sole 11650 36700 544900 Dycom Inds Inc Com Common 267475101 4709 237700 Sole 237700 Dynegy Inc. Class A Common 26816Q101 4795 986600 Sole 986600 ECC Capital Corp Common 26826M108 3734 560700 Sole 350000 210700 El Paso Corporation Common 28336L109 93020 8074680 Sole 896245 7178435 Electronic Data Systems Corp Common 285661104 184400 9579204 Sole 973222 261599 8344383 Emcor Group Inc Com Common 29084Q100 9951 203500 Sole 100 203400 Empire District Electric Co. Common 291641108 8671 361900 Sole 361900 Encana Corp Common 292505104 25254 637900 Sole 85600 552300 Endurance Specialty Holdings Common g30397106 10349 273650 Sole 5650 18600 249400 Energy Partners Ltd. Common 29270u105 2440 93100 Sole 93100 Enerplus Resources Fund Common 29274D604 1944 50900 Sole 50900 Evergreen Inc. Advantage Fund Common 30023y105 4404 296200 Sole 296200 Express Scripts Inc. Common 302182100 750 15000 Sole 15000 Exxon Mobil Corp Common 30231G102 1686 29337 Sole 20337 9000 Fannie Mae Common 313586109 482569 8263173 Sole 1826325 292660 6144188 Fannie Mae 5.1% Series Preferr Preferred 313586604 8525 200000 Sole 200000 Fannie Mae 5.375% Convertible Preferred 313586810 48912 505 Sole 505 Fannie Mae Floating Quarterly Preferred 313586794 4438 80000 Sole 80000 Federated Dept Stores Common 31410h101 109551 1494967 Sole 262850 71613 1160504 Feldman Mall Properties Inc Common 314308107 7852 562900 Sole 562900 Fieldstone Investment Corp Common 31659U300 13869 804000 Sole 804000 Fifth Third Bancorp Common 316773100 3615 87800 Sole 87800 Florida Rock Inds Inc Com Common 341140101 14490 197550 Sole 197550 Ford Motor Co Common 345370860 30866 3014286 Sole 21317 2992969 Foster Wheeler Ltd. Common G36535139 16920 860650 Sole 860650 Franklin Resources Common 354613101 3134 40710 Sole 40710 Freddie Mac Common 313400301 665606 10203979 Sole 2504714 321689 7377576 Freidman Billings Ramsey-A Common 358434108 2986 208800 Sole 208800 Gencorp Inc Com Common 368682100 10583 549500 Sole 549500 General Cable Corp/De Common 369300108 28177 1900000 Sole 31300 93200 1775500 General Electric Co Common 369604103 81609 2355207 Sole 400336 95123 1859748 Genesee & Wyoming Inc-Cl A Common 371559105 8159 299850 Sole 299850 Genlyte Group Inc Com Common 372302109 7535 154600 Sole 154600 Georgia Gulf Corp Common 373200203 5117 164800 Sole 164800 Glaxo Wellcome Plc -Sp Adr Common 37733W105 403 8300 Sole 8300 Global Industries LTD Common 379336100 7585 892300 Sole 892300 GoldCorp Inc. Common 380956409 10801 684475 Sole 11925 33350 639200 Goldman Sachs Common 38141G104 4407 43200 Sole 800 42400 Granite Constr Inc Com Common 387328107 2518 89600 Sole 89600 Grant Prideco Inc. Common 38821G101 17486 661100 Sole 8500 27100 625500 Great Plains Energy Inc. Common 391164100 10434 327200 Sole 327200 Grey Wolf Inc Common 397888108 10156 1370600 Sole 31900 99700 1239000 Gulfmark Offshore Inc. Common 402629109 5866 214800 Sole 214800 Hanger Orthopedic Group Common 41043f208 1460 289700 Sole 1700 288000 Harsco Corp Com Common 415864107 10261 188100 Sole 188100 HCA Healthcare Company Common 404119109 174560 3080291 Sole 468328 110728 2501235 Headwaters Inc. Common 42210p102 8573 249350 Sole 4250 13800 231300 Helen of Troy Ltd Common G4388N106 10989 431600 Sole 5500 17800 408300 Hercules Technology Growth Common 427096508 1290 100000 Sole 100000 Herley Industries Inc Common 427398102 6751 370100 Sole 370100 HMS Holdings Corp Common 40425j101 1368 205350 Sole 36950 109500 58900 Home Depot Inc. Common 437076102 164384 4225846 Sole 679006 169940 3376900 Hornbeck Offshore Services Common 440543106 7398 273100 Sole 273100 Hudson City Bancorp. Inc. Common 443683107 856 75000 Sole 75000 Hughes Supply Inc. Common 444482103 836 29750 Sole 4850 15800 9100 Hyperion Total Return Fund Common 449145101 2219 232600 Sole 232600 Imperial Tobacco Group Plc Common 453142101 53214 977994 Sole 92641 51073 834280 Independence Cmnty Bk Com Common 453414104 1064 28800 Sole 28800 Indymac Bancorp Inc Com Common 456607100 6209 152450 Sole 152450 Infrasource Services Inc. Common 45684P102 7013 673000 Sole 673000 International Bncshrs Com Common 459044103 4587 162125 Sole 162125 Isle of Capri Casinos Common 464592104 1365 52100 Sole 8800 28200 15100 J.P. Morgan Chase & Co. Common 46625H100 55348 1567043 Sole 168712 1398331 Johnson & Johnson Common 478160104 554 8524 Sole 1134 7390 Kerr-Mcgee Common 492386107 3374 44215 Sole 14039 209 29967 Keycorp Common 493267108 140158 4228033 Sole 1234531 117935 2875567 Keyspan Common 49337w100 4652 114300 Sole 114300 Kindred Healthcare Inc. Common 494580103 4652 117450 Sole 2350 6800 108300 KKR Financial Corp Common 482476306 32160 1286400 Sole 7150 19500 1259750 KMG America Corp Common 482563103 4970 500000 Sole 500000 KOMAG Inc. Common 500453204 13772 485450 Sole 11550 36700 437200 Labone Inc. Common 50540L105 6245 156900 Sole 156900 Laboratory Corp. Of America Ho Common 50540r409 181092 3629109 Sole 555603 136766 2936740 Ladenburg Thalmann Financial Common 50575Q102 50 88074 Sole 87546 456 72 Laidlaw International Common 50730r102 11710 485900 Sole 485900 Lakes Entertainment Inc Common 51206P109 14344 931400 Sole 18650 56100 856650 Lehman Brothers Holding 6.5% S Preferred 524908720 3646 140500 Sole 140500 Lehman Brothers Holdings Inc Common 524908100 3614 36400 Sole 500 35900 Levitt Corp. - CL A Common 52742P108 13781 460600 Sole 7100 22500 431000 Lifepoint Hospitals Common 53219l109 7726 152830 Sole 2377 7844 142609 Lilly (Eli) & Co Common 532457108 457 8200 Sole 8200 Lone Star Technologies Inc Common 542312103 6456 141900 Sole 141900 LTC Properties 8% Series F Preferred 502175607 2040 80000 Sole 80000 Luminent Mortgage Capital Inc. Common 550278303 8568 794100 Sole 794100 Marshall & Ilsley Corp. Common 571834100 3992 89800 Sole 89800 Matrix Service Co. Common 576853105 1937 423000 Sole 423000 Meadowbrook Insurance Group Common 58319P108 7283 1389900 Sole 1389900 Medco Health Solutions, Inc. Common 58405u102 197668 3704449 Sole 547448 96605 3060396 Mediware Information Systems Common 584946107 514 51650 Sole 8900 27250 15500 Mellon Financial Corp Common 58551A108 4920 171500 Sole 171500 MEMC Electronic Materials Common 552715104 5314 337000 Sole 337000 Mercantile Bankshares Corp. Common 587405101 943 18300 Sole 18300 Merck & Co Common 589331107 153956 4998604 Sole 1615435 187102 3196067 Metal Management, Inc. Common 591097209 3922 202800 Sole 202800 Mettler-Toledo International Common 592688105 6838 146800 Sole 146800 MFA Mortgage Investments, Inc. Common 55272x102 5079 681700 Sole 681700 Millipore Corp. Common 601073109 9207 162300 Sole 100 162200 MKS Instrument Inc Com Common 55306N104 4582 271300 Sole 271300 Morg Stan Dean Wttr Dscvr & Co Common 617446448 11918 227130 Sole 26550 200580 MORTGAGEIT HOLDINGS INC Common 61915Q108 2738 150000 Sole 150000 National Bank Of Canada Common 633067103 7599 171050 Sole 171050 National City Corp Common 635405103 5048 147956 Sole 900 147056 NCI Building Systems, Inc. Common 628852105 4323 131800 Sole 131800 Nestle S A Sponsored ADR Common 641069406 640 10000 Sole 6900 3100 New Century Financial Corp. RE Common 6435ev108 10035 195050 Sole 153450 7300 34300 NewAlliance Bancshares Inc. Common 650203102 8725 621000 Sole 621000 Newcastle Investment Corp. Common 65105M108 23347 774359 Sole 159000 23350 592009 Newmont Mining Corp Common 651639106 628 16100 Sole 16100 NGP Capital Resources Co Common 62912r107 2128 142500 Sole 12500 29400 100600 Nicor Inc. Common 654086107 4459 108300 Sole 108300 Nisource Inc Com Common 65473P105 5145 208053 Sole 4429 203624 Nobel Learning Communities Common 654889104 3887 447800 Sole 31100 99300 317400 Northwest Pipe Company Common 667746101 7698 331100 Sole 6400 20100 304600 Nova Chemicals Corp Common 66977W109 3771 123400 Sole 123400 Novartis Ag Sponsored Adr Common 66987v109 237 5000 Sole 5000 Novastar Financial 8.90% Serie Preferred 669947806 539 21000 Sole 21000 Novastar Financial Inc. Common 669947400 74307 1898000 Sole 541300 37700 1319000 NS Group Inc Common 628916108 8576 263800 Sole 5100 15000 243700 Nuveen Pfd. & Cvrt Income Fund Common 67073d102 3134 240000 Sole 240000 Nuveen Quality Preferred II Common 67072c105 3052 211200 Sole 211200 Occidental Petroleum Common 674599105 121659 1581438 Sole 245004 63879 1272555 Odyssey Healthcare Inc Common 67611V101 9403 652050 Sole 250 651800 Offshore Logistics Common 676255102 1744 53100 Sole 53100 OGE Energy Corp. Common 670837103 11770 406700 Sole 406700 Oil States International Inc Common 678026105 10909 433400 Sole 7300 22900 403200 Omega Healthcare 8.375% Pfd Se Preferred 681936407 10580 400000 Sole 400000 Omnivision Technologies Common 682128103 3497 257300 Sole 257300 Oneok Inc New Com Common 682680103 11388 348800 Sole 348800 Ormat Technologies Inc Common 686688102 10318 540200 Sole 540200 Oshkosh Truck Corp. Common 688239201 9499 121350 Sole 3350 10700 107300 Pan American Silver Corp. Common 697900108 7737 523100 Sole 523100 Par Pharmaceutical Cos Inc. Common 69888p106 13311 418450 Sole 4050 13300 401100 Parallel Petroleum Corp. Common 699157103 1178 133100 Sole 22900 71500 38700 Patterson-Uti Energy Inc. Common 703481101 16616 597050 Sole 8850 26200 562000 Pediatrix Medical Group Common 705324101 8957 121800 Sole 121800 Pengrowth Energy Trust Common 706902301 2926 131500 Sole 131500 Peoples Choice Common 71085T105 6000 600000 Sole 600000 Peoples Energy Corp Com Common 711030106 16284 374700 Sole 374700 Pepsico Inc Common 713448108 464 8600 Sole 1500 7100 Perkinelmer Inc. Common 714046109 6701 354550 Sole 11850 35200 307500 Perrigo Company Common 714290103 3340 239600 Sole 239600 Petrohawk Energy Corp Common 716495106 9748 902600 Sole 2200 900400 Petroquest Energy Inc. Common 716748108 5642 858700 Sole 1500 857200 Pff Bancorp Inc Com Common 69331W104 6288 207600 Sole 207600 Pfizer Common 717081103 178250 6463006 Sole 1390891 396849 4675266 Phillips-Van Heusen Common 718592108 10379 317500 Sole 317500 Pioneer Drilling Company Common 723655106 15645 1025200 Sole 12500 38100 974600 Pioneer High Income Trust Common 72369H106 4859 295200 Sole 295200 Piper Jaffray Common 724078100 270 8884 Sole 83 8801 Pitney Bowes Inc Common 724479100 256 5880 Sole 5880 Plexus Corp Common 729132100 8912 626300 Sole 626300 PMI Group Inc. Common 69344M101 3054 78350 Sole 250 78100 PNC Financial Services Group Common 693475105 113683 2087448 Sole 481888 59265 1546295 Precision Castparts Corp Common 740189105 8656 111120 Sole 2800 9070 99250 Procentury Corp Common 74268T108 8678 850800 Sole 850800 Procter & Gamble Co Common 742718109 384 7284 Sole 3984 3300 Progress Energy Common 743263105 19639 434100 Sole 434100 Prospect Energy Corp. Common 74348T102 5678 450668 Sole 13100 42448 395120 Provident Bankshares Com Common 743859100 4191 131350 Sole 131350 Prudential Financial, Inc. Common 744320102 1181 17990 Sole 17990 Public Service Enterprises Common 744573106 8095 133100 Sole 133100 Quest Diagnostics Inc. Common 74834L100 177214 3326713 Sole 473139 119054 2734520 R & G Financial Corp Cl B Common 749136107 4063 229700 Sole 5850 19350 204500 RailAmerica Inc Common 750753105 4354 365900 Sole 365900 Ralcorp Holdings Inc Common 751028101 16839 409200 Sole 300 408900 Range Resources Corp. Common 75281A109 7801 290000 Sole 290000 Regal Entertainment Group Common 758766109 2335 123700 Sole 123700 Regions Financial Corp. New Common 7591ep100 29343 866095 Sole 586415 159418 120262 Reliant Resources Inc. Common 75952B105 5420 437800 Sole 800 437000 Reynolds American Inc Common 761713106 249502 3166259 Sole 954802 104707 2106750 Rosetta Resources Inc. 144A re Common 777779109 5600 350000 Sole 350000 Royal Dutch Pet -Ny Reg Common 780257804 1253 19300 Sole 14300 5000 Safety Insurance Group Inc. Common 78648T100 825 24450 Sole 4050 13000 7400 Safeway Inc Common 786514208 34102 1509595 Sole 113970 395 1395230 San Juan Basin Royalty Tr Common 798241105 6326 150800 Sole 150800 SBC Communications Inc Common 78387G103 27150 1143150 Sole 1143150 Scansource Inc Common 806037107 9606 223700 Sole 4600 14800 204300 Schering-Plough Common 806605101 25165 1320305 Sole 163375 1156930 Scottish Re Grp Ltd. 7.2500% S Preferred G73537402 10000 400000 Sole 400000 Selective Ins Group Com Common 816300107 17065 344400 Sole 344400 Sensient Technologies Corp. Common 81725T100 9975 484000 Sole 484000 Serologicals Corp. Common 817523103 9348 439900 Sole 439900 Sierra Pacific Resources Common 826428104 8075 648600 Sole 648600 Sonic Solutions Common 835460106 10954 588900 Sole 588900 Southern Co Common 842587107 286 8250 Sole 8250 Southern Union 7.55% Yield Preferred 844030601 10331 385500 Sole 385500.00 Southern Union Co Common 844030106 27473 1119045 Sole 13625 39790 1065630 Sovereign Bancorp. Inc. Common 845905108 119977 5370374 Sole 770547 164207 4435620 Specialty Underwriter's Alli Common 84751T309 9790 1074600 Sole 18000 57400 999200 St. Paul Travelers Companies, Common 792860108 22414 567001 Sole 6571 560430 Staples Inc Common 855030102 111755 5249225 Sole 769081 199439 4280705 Star Gas Partners, L.P. Common 85512C105 546 191500 Sole 191500 Sterling Financial Corp./Spoka Common 859319105 6081 162587 Sole 5200 17400 139987 Suntrust Banks Inc Common 867914103 1501 20776 Sole 300 20476 Superior Energy Services Inc. Common 868157108 6931 389400 Sole 389400 Swift Transportation Co. Inc. Common 870756103 8296 356200 Sole 356200 Target Corp Common 87612E106 632 11620 Sole 11620 Teco Energy Inc. Common 872375100 9759 516050 Sole 11150 35900 469000 Terex Corp New Com Common 880779103 7399 187800 Sole 187800 Thomas Properties Group Common 884453101 7435 594800 Sole 594800 Tibco Software Inc. Common 88632Q103 5390 824200 Sole 824200 Tortoise Energy Infrastructure Common 89147L100 13031 413692 Sole 7263 23103 383326 Tower Group Inc. Common 891777104 9711 621300 Sole 621300 Transocean Sedco Forex Inc Common G90078109 15314 283755 Sole 8280 275475 Triad Gty Inc Com Common 895925105 8214 163000 Sole 4300 14100 144600 Triad Hospitals Common 89579k109 12928 236600 Sole 2800 7800 226000 Triumph Group Inc New Com Common 896818101 6337 182300 Sole 182300 Tyco International Ltd Common 902124106 125929 4312622 Sole 606487 112335 3593800 U S Bancorp Common 902973304 107226 3672137 Sole 923707 133945 2614485 Ultratech Inc. Common 904034105 4293 234600 Sole 234600 Unilever N V Ny Shares Common 904784709 1697 26172 Sole 23801 2371 Universal Compression Common 913431102 7244 199900 Sole 3700 11850 184350 Universal Corp/Va Common 913456109 149556 3416060 Sole 676836 145274 2593950 Uranium Resources Inc Common 916901309 1445 3141100 Sole 21900 3119200 URS Corp New Com Common 903236107 21267 569400 Sole 7300 23500 538600 UST Inc. Common 902911106 475879 10422197 Sole 2836286 427356 7158555 Valmont Industries Common 920253101 7343 284600 Sole 284600 Vector Group Ltd Common 92240M108 13006 700402 Sole 372723 26067 301612 Vintage Wine Trust Common 92746P100 7500 750000 Sole 750000 Vishay Intertech Common 928298108 8208 691500 Sole 1000 690500 Wachovia Corp Common 929903102 91339 1841495 Sole 362975 93010 1385510 Wal-Mart Stores Common 931142103 309 6405 Sole 6305 100 Washington Group Intl Inc Common 938862208 13378 261700 Sole 261700 Washington Mutual Inc Common 939322103 465936 11450809 Sole 2926726 482506 8041577 Waters Corp. Common 941848103 361 9700 Sole 9700 Watts Industries -Cl A Common 942749102 12344 368600 Sole 8700 27000 332900 WCA Waste Corp. Common 92926k103 11943 1349450 Sole 22050 70600 1256800 Wells Fargo & Co (New) Common 949746101 5028 81643 Sole 193 81450 Wesco Intl Inc Com Common 95082P105 9223 293900 Sole 293900 WestCoast Hospital 9.50% 2/19/ Preferred 95751T206 3325 125000 Sole 125000 Western Alliance Bancorp Common 957638109 762 30000 Sole 30000 Williams Coal Seam Gas Trust Common 969450105 4005 240400 Sole 240400 Wolverine World Wide Inc Common 978097103 9232 384500 Sole 384500 Worthington Industries Inc Common 981811102 4923 311600 Sole 311600 WPS Resources Corp Com Common 92931B106 8657 153900 Sole 153900 Wyeth Common 983024100 45129 1014155 Sole 227371 111614 675170 YUM! BRANDS, INC Common 988498101 390 7492 Sole 7492 Zoll Medical Corp. Common 989922109 6123 240600 Sole 240600
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 331 Form 13F Information Table Value Total: 11,636,159 (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-----