-----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, Nn6vg7IOGDA+rM2nDtTrUh5Qa5xMNwpDzvlqN8S84GhwKzGJjU+wVeYt9BeY0AcP erdDgcAY+arLyP+8l505qA== 0000950159-06-001506.txt : 20061109 0000950159-06-001506.hdr.sgml : 20061109 20061109105514 ACCESSION NUMBER: 0000950159-06-001506 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060930 FILED AS OF DATE: 20061109 DATE AS OF CHANGE: 20061109 EFFECTIVENESS DATE: 20061109 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: 061200047 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: September 30, 2006 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: Marc Kramer Title: V.P. of Operations Phone: (201) 793-2000 Signature, Place, and Date of Signing: /s/ Marc Kramer Jersey City, New Jersey November 9, 2006 - ---------------- ------------------------ ------------- [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 Value Investment Name of Issuer Title of claCUSIP (x$1000) Quantity Discretion SOLE SHARED NONE - --------------------------------------------------------------------------------------------------------------------------- 3M Company Common 88579Y101 381741 5129520 Sole 885666 486325 3757529 Abbey National PLC 7.375% Pfd. Preferred 002920700 1522 58000 Sole 58000 ABN AMRO CAP VII (ABNA) - 6.08 Preferred 00372Q201 4904 200000 Sole 200000 ABX Air Inc. Common 00080S101 13026 2317800 Sole 497100 70800 1749900 Adeza Biomedical Corp Common 006864102 5750 350400 Sole 350400 Aegon NV 6.875% Preferred Preferred ep0215871 2064 80000 Sole 80000 Aeroflex Inc Com Common 007768104 16378 1593200 Sole 289900 90300 1213000 AES Corporation Common 00130H105 571 28000 Sole 7600 20400 Aetna Inc Common 00817y108 242743 6137568 Sole 1101607 819150 4216811 Affordable Resid (ARC) 8.25% P Preferred 008273203 4740 200000 Sole 200000 AGCO Corp. Common 001084102 7694 303500 Sole 255700 31900 15900 Agrium Inc Common 008916108 22502 833700 Sole 188800 37800 607100 Air Prods & Chems Inc Common 009158106 304 4575 Sole 4575 Alabama Power 5.3% Pfd. Preferred 010392561 1992 80000 Sole 80000 Alaska Comm Systems Group Common 01167P101 6064 457000 Sole 107000 350000 Aleris International Inc. Common 014477103 23264 460300 Sole 8900 451400 Allegheny Energy Inc. Common 017361106 8187 203800 Sole 203800 Alliant Techsystems Inc Common 018804104 681 8400 Sole 2900 5500 Allstate Common 020002101 7691 122600 Sole 103600 19000 Altria Group Inc Common 02209s103 1263101 16500215 Sole 4664947 1675218 10160050 Ambac Finl Group Inc Com Common 023139108 459 5550 Sole 2250 3300 AMComp Inc. Common 02342j101 2654 275000 Sole 275000 Ameren Corp. Common 023608102 6245 118300 Sole 118300 American Ecology Corp Common 025533407 9211 466600 Sole 466600 American Express Common 025816109 1393 24845 Sole 145 24700 American Home Mortage Inves Common 02660R107 15503 444600 Sole 444600 American International Group Common 026874107 114228 1723911 Sole 283210 234230 1206471 American Med System. Holdings Common 02744m108 1132 61400 Sole 61400 Americanwest Bancorporation Common 03058P109 5534 260400 Sole 260400 Ameriprise Financial Inc. Common 03076c106 304 6480 Sole 6480 Amerisafe Inc. Common 03071h100 6585 671900 Sole 671900 Ametek Inc. Common 031100100 584 13400 Sole 4900 8500 Anadarko Petroleum Common 032511107 152329 3475500 Sole 622016 565188 2288296 Anixter International Inc. Common 035290105 34339 608100 Sole 107900 20200 480000 Annaly Mtg Mgmt Inc. Common 035710409 17764 1351900 Sole 275900 32800 1043200 Apache Corp Com Common 037411105 260974 4129335 Sole 690529 458684 2980122 Apollo Investment Corp. Common 03761u106 21704 1058200 Sole 233500 824700 Applied Signal Technology Common 038237103 3644 245523 Sole 245523 Applix Inc Common 038316105 2260 250800 Sole 122200 85800 42800 Arc Energy Trust (Canadian) Common 001986108 4602 188700 Sole 188700 Arch Capital Group Ltd Common g0450a105 30774 484700 Sole 27000 13500 444200 Arch Capital Group Ltd. Pfd. S Preferred g0450A147 6384 240000 Sole 240000 Archer Daniels Midland Common 039483102 456 12050 Sole 4450 7600 Argon St. Inc. Common 040149106 7761 323800 Sole 323800 Ashland Inc. Common 044209104 644 10100 Sole 3300 6800 Asta Funding Common 046220109 3265 87100 Sole 87100 AT&T Inc Common 00206R102 37118 1140000 Sole 1140000 Atwood Oceanics Inc. Common 050095108 30598 680400 Sole 80700 14500 585200 Avid Technology Inc. Common 05367p100 14291 392400 Sole 5400 387000 Axis Capital Holdings 7.25 % P Preferred ep0168971 5453 218100 Sole 218100 Bally Technologies Common 05874B107 10407 591300 Sole 591300 Banco Santander 6.4100% Pfd. S Preferred 80281R300 2048 80000 Sole 80000 Bank Of America Corp Common 060505104 405196 7563815 Sole 1823912 896743 4843160 Bankatlantic Bancorp Cl A Common 065908501 9257 651000 Sole 651000 Bankunited Finl Corp Cl A Common 06652B103 15387 590200 Sole 121800 468400 Bard (C.R.) Inc. Common 067383109 573 7640 Sole 7640 Bausch & Lomb Inc. Common 071707103 1454 29000 Sole 13400 15600 Baxter International Inc Common 071813109 227 5000 Sole 5000 BB&T Corp. Common 054937107 372 8500 Sole 1600 6900 BE Aerospace Inc. Common 073302101 16265 771200 Sole 136800 23000 611400 Bear Stearns Cos Inc. Common 073902108 2564 18300 Sole 2600 15700 Beckman Coulter Inc. Common 075811109 656 11400 Sole 3800 7600 Beverly Hills Bancorp Inc. Common 087866109 2242 274800 Sole 78800 196000 Biomet Inc. Common 090613100 591 18350 Sole 6150 12200 Bisys Group Inc./The Common 055472104 2940 270700 Sole 211900 39300 19500 Black Box Corp. DEL COM Common 091826107 21850 561400 Sole 91700 17800 451900 Bonavista Energy Trust (Canadi Common 098536105 5570 192500 Sole 192500 Bon-Ton Stores, Inc. Common 09776j101 3048 102500 Sole 80000 15100 7400 Borders Group Inc. Common 099709107 178380 8744039 Sole 1648851 1027335 6067853 BP Amoco Plc - Spons Adr Common 055622104 1209 18441 Sole 18441 BP Prudhoe Bay Royalty Trust Common 055630107 13862 188600 Sole 188600 Bristol Myers Squibb Common 110122108 118979 4774427 Sole 741462 537256 3495709 British American Tobacco Common 110448107 16796 307033 Sole 84914 213839 8280 Caci Intl Inc Cl A Common 127190304 7872 143100 Sole 143100 CAE Inc. Common 124765108 14989 1751000 Sole 20700 1730300 Cameco Corp Common 13321L108 4026 110100 Sole 84100 17400 8600 Capital Lease Funding Common 140288101 11602 1046200 Sole 1046200 Caremark RX Inc. Common 141705103 1420 25050 Sole 8550 16500 Carolina Gp - Loews Corp Common 540424207 1124 20300 Sole 6900 13400 Carrizo Oil & Gas Inc. Common 144577103 4867 188700 Sole 188700 CastlePoint Holdings Ltd. 144A Common 148553100 13838 1258000 Sole 1258000 CBRE Realty Finance (144A) Common 12498B109 7500 500000 Sole 500000 CBRE Realty Finance Inc. Common 12498B307 5214 341900 Sole 216900 125000 Centene Corp. Common 15135B101 9081 552400 Sole 104800 15500 432100 Centennial Bank Holdings Inc. Common 151345303 9680 1000000 Sole 1000000 Century Aluminum Company Common 156431108 10832 321900 Sole 60100 12100 249700 Century Casinos Inc. Common 156492100 4690 471800 Sole 373900 65600 32300 Charles River Laboratories Common 159864107 17978 414150 Sole 19750 10000 384400 Chesapeake Energy Corp Common 165167107 1116 38500 Sole 14300 24200 Chevron Corporation Common 166764100 459590 7085923 Sole 1695605 716915 4673403 Chevy Chase PFD 8% Preferred 166779207 5073 189300 Sole 189300 Chicago Bridge & Iron Common 167250109 17530 728600 Sole 75000 12500 641100 Chiquita Brands Intl Common 170032809 10458 781600 Sole 781600 Chubb Corp Common 171232101 91962 1769797 Sole 374866 283746 1111185 Church & Dwight Co Inc Common 171340102 13029 333150 Sole 64350 11100 257700 Cincinnati Financial Corp. Common 172062101 716 14873 Sole 5473 9400 CIT Group Common 125581108 42003 863725 Sole 107750 755975 CIT Group Inc. 6.35% Series A Preferred 125581207 8001 310000 Sole 310000 Citigroup, Inc Common 172967101 93632 1885075 Sole 318452 282667 1283956 Clean Harbors Inc. Common 184496107 7347 168700 Sole 168700 C-Met (144A) Common 189758105 432 18000 Sole 18000 CMS Energy Corp Common 125896100 4130 286000 Sole 286000 Cohen & Steers REIT & PR Common 19247x100 3454 116000 Sole 116000 Commscope Inc. Common 203372107 51942 1580700 Sole 249600 48200 1282900 ConocoPhillips Common 20825C104 903954 15185029 Sole 3195246 1640706 10349077 Consolidated Edison Inc. Common 209115104 4407 95400 Sole 95400 CONSTELLATION BRANDS INC Common 21036P108 496 17250 Sole 5650 11600 Convergys Corp. Common 212485106 451 21850 Sole 8050 13800 Cooper Cos. Inc Com Common 216648402 28237 527800 Sole 102800 18800 406200 Cooper Industries Ltd Common g24182100 486 5700 Sole 2300 3400 Corillian Corp Common 218725109 4345 1585900 Sole 381800 194600 1009500 Covansys Corporation Common 22281W103 12500 729300 Sole 729300 Covanta Holding Corporation Common 22282E102 5753 267200 Sole 267200 Crescent Point Energy Trust (C Common 225908102 5633 347400 Sole 347400 Crystal River Capital Inc. Common 229393301 2288 100000 Sole 100000 Curtiss-Wright Corp. Common 231561101 4152 136800 Sole 105900 21000 9900 Cypress Semiconductor Corp. Common 232806109 1947 109539 Sole 109539 Dairy Farmers (Dairy) 7.875% S Preferred 23385H208 13860 140000 Sole 140000 Datapath, Inc. 144A Common 23808r106 5500 500000 Sole 500000 Delta Petroleum Corp Common 247907207 11789 523500 Sole 100500 19000 404000 Devon Energy Common 25179M103 460772 7296495 Sole 1554503 755786 4986206 Diebold Inc. Common 253651103 507 11650 Sole 4550 7100 Double Hull Tankers Inc Common Y21110104 1375 100000 Sole 100000 DRS Technologies Inc Common 23330x100 22547 516300 Sole 95000 17400 403900 DST Systems Inc. Common 233326107 728 11800 Sole 4300 7500 Du Pont (E I) De Nemours Common 263534109 516 12035 Sole 4000 135 7900 Dynegy Inc. Class A Common 26816Q101 26981 4870300 Sole 707800 146700 4015800 Eagle Bulk Shipping Inc. Common y2187a101 982 61100 Sole 61100 Eaton Corp. Common 278058102 427 6200 Sole 2400 3800 Eaton Vance Corp. NVT Common 278265103 805 27900 Sole 9600 18300 EDO Corp Common 281347104 9623 420600 Sole 27700 392900 El Paso Corporation Common 28336L109 107968 7915575 Sole 1155675 81700 6678200 Electronic Data Systems Corp Common 285661104 186180 7593021 Sole 1138999 811807 5642215 Emcor Group Inc Com Common 29084Q100 34121 622200 Sole 55500 11600 555100 Empire District Electric Co. Common 291641108 8099 361900 Sole 361900 Encana Corp Common 292505104 85237 1825664 Sole 306791 236408 1282465 Endurance Specialty Holding Pf Preferred 29267H208 10527 412000 Sole 412000 Endurance Specialty Holdings Common g30397106 22700 643800 Sole 101100 17600 525100 Energy Metals Corporation Unit Common 29271B106 6992 1500000 Sole 1500000 Enerplus Resources Fund Common 29274D604 4667 92800 Sole 92800 Esco Technologies Inc Com Common 296315104 3066 66600 Sole 66600 Evergreen Inc. Advantage Fund Common 30023y105 3516 246200 Sole 246200 Exar Corp Common 300645108 13084 984500 Sole 201500 783000 Express Scripts Inc. Common 302182100 483 6400 Sole 6400 Exxon Mobil Corp Common 30231G102 1143 17037 Sole 13037 4000 Fairborne Energy Trust (Canadi Common 303628101 6838 654300 Sole 654300 Fairpoint Communications Inc. Common 305560104 416 23900 Sole 23900 Fannie Mae Common 313586109 679637 12155805 Sole 2131753 1557162 8466890 Fannie Mae 5.1% Series Preferr Preferred 313586604 8288 200000 Sole 200000 Fannie Mae 5.375% Convertible Preferred 313586810 48618 505 Sole 505 Fannie Mae Floating Quarterly Preferred 313586794 4235 80000 Sole 80000 FBR Capital Markets Corp. - 14 Common 30247c103 4500 300000 Sole 300000 Federal Express Common 31428X106 52384 482000 Sole 75200 9400 397400 Federal Home Loan Mortgage Preferred 313400772 5020 100000 Sole 100000 Federated Dept Stores Common 31410h101 153393 3549900 Sole 696919 528776 2324205 Federated Investors Inc. - Cla Common 314211103 424 12550 Sole 3550 9000 Fieldstone Investment Corp Common 31659U300 10005 1146100 Sole 287800 858300 Fifth Third Bancorp Common 316773100 1040 27300 Sole 27300 First Horizon National Corp Common 320517105 397 10450 Sole 3650 6800 First Repub Bank 6.7% Series A Preferred 336158209 5004 200000 Sole 200000 Fisher Scientific Internationa Common 338032204 100435 1283696 Sole 214150 134108 935438 Fndtn Coal Holding Inc. Common 35039W100 5182 160100 Sole 160100 Focus Energy Trust Units (Cana Common 34415R108 1905 100000 Sole 100000 Foster Wheeler Ltd. Common G36535139 39838 1032350 Sole 151500 28500 852350 Franklin Bank 7.50% Series A Preferred 352451405 1270 50000 Sole 50000 Franklin Resources Common 354613101 1459 13800 Sole 13800 Freddie Mac Common 313400301 2037987 10275390 Sole 3322777 1210466 5742147 Freddie Mac 6.4200% Series Preferred 313400699 1319 25000 Sole 25000 Freeprt McMoran cpr&gld Common 35671d857 306 5750 Sole 2350 3400 General Cable Corp/De Common 369300108 59390 1554300 Sole 163500 30000 1360800 General Electric Co Common 369604103 182638 5173771 Sole 1141205 880986 3151580 Genesee & Wyoming Inc-Cl A Common 371559105 13875 597525 Sole 597525 Genlyte Group Inc Com Common 372302109 11008 154600 Sole 154600 Georgia Gulf Corp Common 373200203 11058 403300 Sole 403300 GMH Communities Trust Common 36188G102 833 66000 Sole 28700 24800 12500 GoldCorp Inc. Common 380956409 6731 285225 Sole 285225 Goldman Sachs Common 38141G104 3857 22800 Sole 1400 21400 Goldman Sachs GP 6.2% Series P Preferred 38144X500 2072 80000 Sole 80000 Granite Constr Inc Com Common 387328107 15552 291500 Sole 291500 Great Plains Energy Inc. Common 391164100 9840 317200 Sole 317200 Hancock Hldg Co Com Common 410120109 386 7200 Sole 2200 5000 Hanger Orthopedic Group Common 41043f208 590 89600 Sole 89600 Harsco Corp Com Common 415864107 14614 188200 Sole 188200 Hartford Finl Svcs Grp Inc Common 416515104 99974 1152397 Sole 299780 163514 689103 Harvest Energy Trust - Units ( Common 41752x101 8812 325000 Sole 325000 HCA Healthcare Company Common 404119109 183246 3672988 Sole 676708 479158 2517122 Headwaters Inc. Common 42210p102 9928 425200 Sole 425200 Healthspring Inc Common 42224n101 26430 1373000 Sole 287900 42900 1042200 Helen of Troy Ltd Common G4388N106 3106 176900 Sole 176900 Helix Energy Group, Inc. Common 42330p107 3427 102600 Sole 80100 15100 7400 Hercules Offshore Inc. Common 427093109 5207 167700 Sole 167700 Hercules Technology Growth Common 427096508 3822 297867 Sole 297867 Herley Industries Inc Common 427398102 4582 370100 Sole 370100 Hess Corp Common 42809h107 277 6687 Sole 2950 237 3500 HMS Holdings Corp Common 40425j101 6764 535950 Sole 416850 79700 39400 Home Depot Inc. Common 437076102 208603 5751274 Sole 1040492 719517 3991265 Hormel Foods Corp. Common 440452100 291 8100 Sole 2500 5600 HSBC Holdings PLC 6.2000% Seri Preferred 404280604 2503 100000 Sole 100000 Hudson City Bancorp. Inc. Common 443683107 281 21200 Sole 21200 Hudson Highland Group Inc. Common 443792106 5748 586500 Sole 586500 Hypercom Corp. Common 44913M105 3705 546400 Sole 423800 82000 40600 Hyperion Total Return Fund Common 449145101 2019 222600 Sole 222600 Imperial Tobacco Group PLC Common 453142101 75799 1130818 Sole 147599 148827 834392 Infinity Inc. Common 45663L403 1499 377500 Sole 377500 Insituform Technologies - Clas Common 457667103 20194 831700 Sole 156100 22900 652700 International Business Machine Common 459200101 385 4700 Sole 4700 Invitrogen Corp Common 46185r100 342 5400 Sole 1600 3800 Inyx Inc. Common 461868101 2425 962400 Sole 720100 162300 80000 ITT Corporation Common 450911102 572 11150 Sole 4250 6900 J.P. Morgan Chase & Co. Common 46625H100 69641 1482953 Sole 214633 26950 1241370 JER Investors Trust Inc. Common 46614H301 24901 1451100 Sole 439300 43500 968300 Johnson & Johnson Common 478160104 50743 781379 Sole 194405 136279 450695 K&F Industries Holdings Inc. Common 482241106 14628 778900 Sole 778900 Keycorp Common 493267108 165534 4421338 Sole 1388994 378492 2653852 Kindred Healthcare Inc. Common 494580103 8634 290400 Sole 290400 Kinetic Concepts Inc. Common 49460W208 21305 677200 Sole 73900 13300 590000 KKR Financial Corp Common 482476306 51091 2081950 Sole 500900 38400 1542650 Komag Inc. Common 500453204 6203 194100 Sole 194100 L-3 Communications Holdings Common 502424104 591 7550 Sole 2750 4800 Laboratory Corp. Of America Ho Common 50540r409 246224 3755088 Sole 645362 441710 2668016 Lakes Entertainment Inc Common 51206P109 11627 1203600 Sole 295250 54300 854050 Lawson Software Inc. Com Common 52078p102 2535 349700 Sole 283500 46700 19500 Legg Mason Inc. Common 524901105 701 6950 Sole 2250 4700 Lehman Brothers Holding 6.5% S Preferred 524908720 3622 140500 Sole 140500 Lehman Brothers Holdings Inc Common 524908100 1787 24200 Sole 2500 21700 Lifepoint Hospitals Common 53219l109 25072 709845 Sole 92492 7744 609609 Lowes Cos. Common 548661107 1386 49400 Sole 49400 LTC Properties 8% Series F Preferred 502175607 2006 80000 Sole 80000 Lyondell Chemical PV $1 Common 552078107 468 18450 Sole 6750 11700 Marshall & Ilsley Corp. Common 571834100 1999 41500 Sole 4900 36600 Matrix Service Co. Common 576853105 5537 423000 Sole 423000 MCG Capital Corp. Common 58047P107 5044 308900 Sole 107800 201100 McMoran Exploration Co. Common 582411104 10688 602500 Sole 134200 468300 Meadowbrook Insurance Group Common 58319P108 1409 125100 Sole 125100 Medco Health Solutions, Inc. Common 58405u102 818 13609 Sole 5238 1070 7301 Mellon Financial Corp Common 58551A108 1744 44600 Sole 44600 Mercantile Bankshares Corp. Common 587405101 218 6000 Sole 6000 Merck & Co Common 589331107 359936 8590341 Sole 3051395 830366 4708580 Metal Management, Inc. Common 591097209 6275 225400 Sole 225400 Metlife Inc 6.5% Series B Pfd. Preferred 59156r603 1296 50000 Sole 50000 Metrologic Instruments Inc. Common 591676101 5058 278500 Sole 278500 Mettler-Toledo International Common 592688105 15049 227500 Sole 3200 224300 MFA Mortgage Investments, Inc. Common 55272x102 15888 2132600 Sole 458000 67300 1607300 Microsoft Common 594918104 71955 2630859 Sole 568070 324284 1738505 Mirant Corp Common 60467r100 14937 546936 Sole 36851 30900 479185 Mitcham Industries Inc. Common 606501104 3233 305900 Sole 241800 42900 21200 MKS Instrument Inc Com Common 55306N104 6117 301200 Sole 301200 Morgan Stanley Common 617446448 11775 161500 Sole 83600 77900 Morgan Stanley 6.18% Series A Preferred 61747S504 2580 100000 Sole 100000 Mortgageit Holdings Inc. Common 61915Q108 15737 1117700 Sole 1117700 Mueller Water Products Inc. Common 624758108 8407 575400 Sole 575400 Murphy Oil Corp. Common 626717102 349 7350 Sole 2650 4700 Nash Finch Co Com Common 631158102 9466 402300 Sole 120700 22400 259200 National Bank Of Canada Common 633067103 2958 54100 Sole 54100 National City Corp Common 635405103 1926 52625 Sole 4000 48625 NCI Building Systems, Inc. Common 628852105 5328 91600 Sole 91600 Nestle S A Sponsored ADR Common 641069406 704 8100 Sole 6900 1200 New Century (New) 9.125% Serie Preferred 64352D200 436 17800 Sole 17800 NewAlliance Bancshares Inc. Common 650203102 10022 684100 Sole 684100 Newcastle Investment Corp. Common 65105M108 35233 1285409 Sole 464250 23050 798109 Newmont Mining Corp Common 651639106 526 12300 Sole 12300 NGP Capital Resources Co Common 62912r107 4319 296005 Sole 104526 29155 162324 Nobel Learning Communities Common 654889104 5149 499900 Sole 29600 95400 374900 Noble Energy Common 655044105 326 7150 Sole 2750 4400 Northern Orion Resources Inc. Common 665575106 11016 2824700 Sole 628400 120700 2075600 Northwest Pipe Company Common 667746101 7878 262600 Sole 262600 Novartis Ag Sponsored Adr Common 66987v109 301 5146 Sole 5000 146 Novastar Financial 8.90% Serie Preferred 669947806 515 21000 Sole 21000 Novastar Financial Inc. Common 669947400 52635 1803200 Sole 413700 36600 1352900 Nuveen Investments CL A Common 67090F106 768 15000 Sole 5400 9600 Nuveen Pfd. & Cvrt Income Fund Common 67073d102 2601 190000 Sole 190000 Nuveen Quality Preferred II Common 67072c105 2362 161200 Sole 161200 Occidental Petroleum Common 674599105 190544 3960689 Sole 709742 416431 2834516 Odyssey Healthcare Inc Common 67611V101 10305 726700 Sole 726700 Odyssey RE HLDGS 0.00% Series Preferred 67612W405 3821 152100 Sole 152100 Odyssey Re Holdings Corp Common 67612w108 27504 814200 Sole 186200 21400 606600 Odyssey Re Holdings Pfd. 8.125 Preferred 67612w306 6260 245000 Sole 245000 Ohio Casualty Corp Common 677240103 625 24150 Sole 7650 16500 Oil States International Inc Common 678026105 11520 418895 Sole 78195 13600 327100 Old Dominion Freight Line Common 679580100 2153 71700 Sole 54900 11300 5500 Old Republic Intl Corp Common 680223104 1521 68675 Sole 68675 Omega Healthcare 8.375% Pfd Se Preferred 681936407 10404 400000 Sole 400000 Oneok Inc New Com Common 682680103 14300 378400 Sole 378400 Openwave Systems Inc. Common 683718308 7856 839300 Sole 839300 Option Care Inc. Common 683948103 15028 1122300 Sole 278900 51700 791700 Oregon Steel Mills Common 686079104 24584 503050 Sole 95350 18100 389600 Paccar Inc Common 693718108 93088 1632557 Sole 285782 282747 1064028 Pan American Silver Corp. Common 697900108 10288 526500 Sole 526500 Par Pharmaceutical Cos Inc. Common 69888p106 8499 465950 Sole 112250 19900 333800 Parallel Petroleum Corp. Common 699157103 14120 703900 Sole 103800 24500 575600 Parker Hannifin Corp Common 701094104 474 6100 Sole 2500 3600 Patriot National Bancorp. Inc. Common 70336f104 2408 100000 Sole 100000 Payless Shoesource Inc Common 704379106 14656 588600 Sole 588600 Pediatrix Medical Group Common 705324101 23324 511500 Sole 66100 11600 433800 Pengrowth Energy Trust Common 706902509 2627 133900 Sole 133900 Penn National Gaming Inc. Common 707569109 15999 438100 Sole 32100 14300 391700 Penn West Energy Trust (Canadi Common 707885109 25112 685000 Sole 685000 Peoples Energy Corp Com Common 711030106 13199 324700 Sole 324700 Pepsico Inc Common 713448108 241 3700 Sole 3700 Perini Corp. Common 713839108 8958 429000 Sole 429000 Perkinelmer Inc. Common 714046109 12629 667150 Sole 56050 34500 576600 Perrigo Company Common 714290103 7506 442300 Sole 442300 Petrohawk Energy Corp Common 716495106 13751 1322200 Sole 327800 63400 931000 Petrohawk Energy Corp (PIPE)(P Common 716495999 3120 300000 Sole 300000 Pff Bancorp Inc Com Common 69331W104 7023 189600 Sole 189600 Pfizer Common 717081103 465858 16426784 Sole 4381652 1933303 10111829 Pg&E Corp Com Common 69331C108 289 6950 Sole 2450 4500 Phillips-Van Heusen Common 718592108 16385 392264 Sole 392264 Pike Electric Corp. Common 721283109 7425 498300 Sole 175300 323000 Pinnacle Entmt Inc Com Common 723456109 7452 265000 Sole 52800 10100 202100 Pinnacle Gas Resources, Inc. 1 Common 723464103 7700 700000 Sole 700000 Pioneer Companies Inc. Common 723643300 3336 136100 Sole 136100 Pioneer High Income Trust Common 72369H106 4924 277100 Sole 277100 Platinum Underwriters Holdings Common G7127P100 10717 347600 Sole 87900 16600 243100 PMI Group Inc. Common 69344M101 1408 32150 Sole 2750 29400 PNC Financial Services Group Common 693475105 160461 2215119 Sole 552865 179053 1483201 Pogo Producing Co Common 730448107 246 6000 Sole 2700 3300 PPL Corp. Common 69351t106 276 8400 Sole 3100 5300 PPL Electric Uti PFD 6.25% Preferred 69351u863 3056 120000 Sole 120000 Price (T. Rowe) Associates Common 74144T108 780 16300 Sole 5700 10600 Procentury Corp Common 74268T108 7833 522200 Sole 522200 Procter & Gamble Co Common 742718109 216 3484 Sole 3484 Progress Energy Common 743263105 16003 352650 Sole 348550 4100 Prospect Energy Corp. Common 74348T102 4961 319211 Sole 57400 40600 221211 Provident Bankshares Corp Common 743859100 3038 82000 Sole 82000 Quadra Mining Ltd. Common 747319101 5764 652800 Sole 652800 Quest Diagnostics Inc. Common 74834L100 69039 1128855 Sole 234377 363271 531207 Quest Resource Corporation Common 748349305 1110 125000 Sole 125000 Quest Resources Common Restric Common 748349305 1244 140100 Sole 140100 Quicksilver Resources Inc. Common 74837R104 4396 137800 Sole 137800 Quilmes Industrial SA-ADR Common 74838y207 278 5200 Sole 1800 3400 R & G Financial Corp Cl B Common 749136107 164 21950 Sole 9150 12800 Ralcorp Holdings Inc Common 751028101 19548 405300 Sole 5600 399700 Range Resources Corp. Common 75281A109 4541 179900 Sole 2500 177400 Red Lion Hotles 9.50% 2/19/44 Preferred 75670L104 2117 81250 Sole 81250 Regal Beloit Common 758750103 2823 64900 Sole 50600 9500 4800 Regal Entertainment Group Common 758766109 2452 123700 Sole 123700 Regions Financial Corp. New Common 7591ep100 15893 432005 Sole 418235 70 13700 Reynolds American Inc Common 761713106 23979 386970 Sole 377940 1230 7800 Rosetta Resources Inc. restric Common 777779109 3377 196700 Sole 196700 Royal Carribean Cruises Common V7780T103 241 6200 Sole 2100 4100 Royal Dutch Shell PLC-ADR A Common 780259206 357 5400 Sole 5400 RTI International Metals, Inc. Common 74973W107 35250 808849 Sole 78649 14600 715600 Safety Insurance Group Inc. Common 78648T100 2328 47850 Sole 29050 12800 6000 Safeway Inc Common 786514208 41933 1381650 Sole 107375 1274275 San Juan Basin Royalty Tr Common 798241105 5326 150800 Sole 150800 Scansource Inc Common 806037107 11143 367400 Sole 31600 17800 318000 Scottish Re Grp Ltd. 7.2500% S Preferred G73537402 12558 577400 Sole 577400 Scotts Miracle-Gro Co (The) Common 810186106 523 11750 Sole 4450 7300 SECURE COMPUTING CORP Common 813705100 6089 961900 Sole 961900 Selective Ins Group Com Common 816300107 13416 255000 Sole 255000 Shaw Group Inc Common 820280105 17814 753550 Sole 171450 32200 549900 Sherwin-Williams Common 824348106 747 13400 Sole 5100 8300 Shoe Carnival Inc. Common 824889109 2522 100000 Sole 100000 Shuffle Master Inc. Common 825549108 7682 284400 Sole 284400 Sierra Pacific Resources Common 826428104 7114 496100 Sole 496100 Sigma-Aldrich Corp. Common 826552101 469 6200 Sole 2100 4100 Smithfield Foods Inc Com Common 832248108 409 15150 Sole 4950 10200 Sonic Solutions Common 835460106 4569 299800 Sole 299800 Southern Union 7.55% Yield Preferred 844030601 10004 385500 Sole 385500 Southern Union Co Common 844030106 31884 1207267 Sole 12075 1 1195191 Sovereign Bancorp. Inc. Common 845905108 176667 8212867 Sole 1490173 1132642 5590052 SPDR Trust Series 1 Common 78462f103 20586 154115 Sole 53610 89325 11180 St. Paul Travelers Companies, Common 792860108 29446 627979 Sole 47964 10700 569315 Staples Inc Common 855030102 149746 6154671 Sole 1090113 746635 4317923 Stein Mart Inc. Common 858375108 1872 123100 Sole 123100 Sterling Construction Co Common 859241101 13577 676800 Sole 204400 37800 434600 Sterling Financial Corp./Spoka Common 859319105 8415 259490 Sole 43060 13600 202830 Stillwater Mining Co. Common 86074Q102 3473 413400 Sole 413400 Sunoco Inc. Common 86764P109 451 7250 Sole 3050 4200 Suntrust Banks Inc Common 867914103 1057 13684 Sole 100 13584 Superior Energy Services Inc. Common 868157108 16294 620500 Sole 91200 13800 515500 Symantec Corp. Common 871503108 610 28650 Sole 11850 16800 Symbol Tech. Inc. Common 871508107 4385 295100 Sole 295100 Target Corp Common 87612E106 206 3730 Sole 3730 Teco Energy Inc. Common 872375100 6427 410700 Sole 410700 Terex Corp New Com Common 880779103 23279 514800 Sole 21300 15200 478300 Tesoro Petroleum Corp Common 881609101 6363 109750 Sole 67850 41900 Teton Energy Corp. Common 881628101 2596 535300 Sole 47100 488200 Texas Inds. Inc. Common 882491103 7778 149400 Sole 149400 Thomas & Betts Corp Common 884315102 7180 150500 Sole 150500 Thomas Properties Group Common 884453101 7669 596800 Sole 596800 TJX Companies Inc Common 872540109 806 28750 Sole 10350 18400 Todco - Class A Common 88889T107 6837 197600 Sole 3900 193700 Tortoise Energy Capital Corp Common 89147u100 1975 82300 Sole 39900 28400 14000 Tortoise Energy Infrastructure Common 89147L100 15787 499580 Sole 65840 22803 410937 Tower Group Inc. Common 891777104 20910 627000 Sole 627000 Triad Hospitals Common 89579k109 623 14150 Sole 4750 9400 Triumph Group Inc New Com Common 896818101 5806 137100 Sole 137100 TXU Corp Common 873168108 141746 2267235 Sole 375737 253575 1637923 Tyco International Ltd Common 902124106 222253 7940495 Sole 1341796 1016907 5581792 U S Bancorp Common 902973304 131065 3945327 Sole 1102994 444250 2398083 UCBH Holdings Inc Common 90262t308 16281 932500 Sole 210000 37500 685000 Unilever N V Ny Shares Common 904784709 603 24557 Sole 21344 3213 United Online Inc. Common 911268100 1390 114100 Sole 47400 46000 20700 UnitedHealth Group Inc. Common 91324p102 460381 9357304 Sole 1698813 789216 6869275 Universal Corp. 6.75% Conv. Pe Preferred 913456307 25263 25000 Sole 25000 Universal Corp/Va Common 913456109 60655 1660415 Sole 195760 10605 1454050 Uranium Resources Inc Common 916901507 17279 5857350 Sole 959300 127400 4770650 URS Corp New Com Common 903236107 6709 172500 Sole 172500 UST Inc. Common 902911106 718829 13110131 Sole 4233659 1621495 7254977 Valero Energy Corp. Common 91913Y100 3972 77173 Sole 29550 123 47500 Valmont Industries Common 920253101 8031 153700 Sole 153700 Vector Group Ltd Common 92240M108 8821 543807 Sole 349650 194157 Ventas Inc. Common 92276F100 950 24650 Sole 9350 15300 Verizon Communications Common 92343V104 334 9004 Sole 9004 Vermilion Energy Trust (Canadi Common 923728109 2703 91800 Sole 91800 Vintage Wine Trust (144A) Common 92746P100 7500 750000 Sole 750000 Wachovia Corp Common 929903102 222699 3991019 Sole 788788 653842 2548389 Waddell & Reed Financial - A Common 930059100 4564 184400 Sole 184400 Walter Industries Inc. Common 93317Q105 13406 314100 Sole 314100 Washington Group Intl Inc Common 938862208 26687 453400 Sole 69600 12500 371300 Washington Mutual Inc Common 939322103 562256 12934349 Sole 3422874 1684680 7826795 Watts Water Technologies A Common 942749102 16496 519400 Sole 111900 19600 387900 WCA Waste Corp. Common 92926k103 10245 1819700 Sole 433200 108200 1278300 Wells Fargo & Co (New) Common 949746101 1628 44986 Sole 386 44600 Wesco Intl Inc Com Common 95082P105 13533 233200 Sole 233200 Westar Energy Inc. Common 95709T100 442 18800 Sole 18800 Willbros Group Inc. Common 969199108 18486 1183500 Sole 125300 24300 1033900 Williams Co Inc. Common 969457100 291 12200 Sole 3900 8300 Williams Coal Seam Gas Trust Common 969450105 2825 240400 Sole 240400 Windstream Corp. Common 97381W104 3633 275400 Sole 210300 43600 21500 Wolverine World Wide Inc Common 978097103 13076 461900 Sole 461900 Worthington Industries Inc Common 981811102 4896 287000 Sole 287000 WPS Resources Corp Com Common 92931B106 10035 202200 Sole 15300 186900 Wyeth Common 983024100 237211 4665830 Sole 818086 583842 3263902 Yamana Gold Inc. Common 98462Y100 141 15200 Sole 15200 Zimmer Holdings Inc Common 98956P102 66594 986577 Sole 166022 22100 798455
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 428 Form 13F Information Table Value Total: 17,508,102 (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-----