-----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, EEsz9GVkQ72C097yWbAEL30srKfzpoEiKKG70tg35j9GCAprNNPodK264h1TytSi SkuGidjhzNH+0wZuNhYyVg== 0000950159-07-001062.txt : 20070814 0000950159-07-001062.hdr.sgml : 20070814 20070814163951 ACCESSION NUMBER: 0000950159-07-001062 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070814 DATE AS OF CHANGE: 20070814 EFFECTIVENESS DATE: 20070814 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: 071055958 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, 2007 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: Salvatore Faia Title: Chief Compliance Officer Phone: (201) 793-2005 Signature, Place, and Date of Signing: /s/ Marc Kramer Jersey City, New Jersey August 14, 2007 - ---------------- ------------------------ ------------- [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).)
Dreman Value Management, LLC FORM 13F 30-Jun-07 Voting Authority Title of Market Name of Issuer Class CUSIP Value ($) SOLE SHARED NONE Quantity Voting Discretion - ------------------------------------------------------------------------------------------------- 3M Company Common 88579Y101 460,964,972 900,538 564,197 3,780,164 5,244,899 Sole ABX Air Inc. Common 00080S101 14,883 535,650 68,200 1,242,700 1,846,550 Sole AMComp Inc. Common 02342j101 488 50,000 50,000 Sole Ace Ltd. Common g0070k103 2,945 47,100 47,100 Sole Administaff Inc Common 007094105 9,237 275,800 275,800 Sole Aeroflex Inc Com Common 007768104 20,641 348,275 45,400 1,063,000 1,456,675 Sole Aetna Inc Common 00817y108 296,498,446 1,006,973 742,153 4,252,185 6,001,311 Sole Alaska Air Group Inc. Common 011659109 17,433 103,350 3,100 519,300 625,750 Sole Alaska Comm Systems Group Common 01167P101 21,641 380,350 35,700 950,200 1,366,250 Sole Alcoa Inc Common 013817101 3,246 80,100 80,100 Sole Allete, Inc. Common 018522300 26,787 86,225 11,000 472,100 569,325 Sole Alliant Techsystems Inc Common 018804104 10,193 2,500 100,300 102,800 Sole Allied World Assurance Hold Common G0219G203 13,730 1,200 266,700 267,900 Sole Allstate Common 020002101 8,876 99,400 44,900 144,300 Sole Altria Group Inc Common 02209s103 1,126,300,328 4,467,592 1,502,248 9,981,156 15,950,996 Sole Ambac Finl Group Inc Com Common 023139108 2,712 31,100 31,100 Sole Amedisys Inc. Common 023436108 20,905 126,325 15,900 433,200 575,425 Sole Ameren Corp. Common 023608102 1,313 4,250 22,550 26,800 Sole American Capital Strategies Common 024937104 2,589 60,900 60,900 Sole American Ecology Corp Common 025533407 6,741 314,700 314,700 Sole American Financial Realty Trus Common 02607P305 11,140 379,325 46,300 653,800 1,079,425 Sole American Home Mortage Inves Common 02660R107 12,111 344,600 314,300 658,900 Sole American International Group Common 026874107 2,944,140 173 1,041 40,830 42,044 Sole Americanwest Bancorporation Common 03058P109 5,155 282,800 282,800 Sole Amerisafe Inc. Common 03071h100 9,648 491,500 491,500 Sole Ametek Inc. Common 031100100 9,670 6,000 237,700 243,700 Sole Amgen Common 031162100 238,574,945 669,741 613,742 2,745,785 4,029,268 Sole Amsurg Corp. Common 03232P405 4,987 171,600 22,600 12,400 206,600 Sole Anadarko Petroleum Common 032511107 437,517,521 1,364,411 931,045 6,014,884 8,310,340 Sole Anixter International Inc. Common 035290105 43,654 70,475 8,400 501,550 580,425 Sole Annaly Mtg Mgmt Inc. Common 035710409 13,377 927,700 927,700 Sole Anworth Mortgage Asset Group Common 037347101 6,908 763,300 763,300 Sole Apollo Group Inc. - Class A Common 037604105 1,832 4,600 26,750 31,350 Sole Apollo Investment Corp. Common 03761u106 42,562 255,900 1,721,900 1,977,800 Sole Arc Energy Trust (Canadian) Common 001986108 21,573 288,700 766,900 1,055,600 Sole Arch Capital Group Ltd Common g0450a105 9,358 3,200 125,800 129,000 Sole Arena Resources Inc. Common 040049108 7,700 132,500 132,500 Sole Argon St. Inc. Common 040149106 4,637 199,800 199,800 Sole Argonaut Group Inc. Common 040157109 25,309 122,525 15,000 673,400 810,925 Sole Armor Holdings Inc. Common 042260109 23,448 63,925 7,800 198,200 269,925 Sole Arris Group Inc. Common 04269Q100 33,248 309,450 39,800 1,540,900 1,890,150 Sole Arrow Electronics Inc. Common 042735100 1,355 5,400 29,850 35,250 Sole Ashford Hospitality Trust Common 044103109 18,714 321,650 41,500 1,228,200 1,591,350 Sole Assurant Inc. Common 04621x108 2,981 50,600 50,600 Sole Asta Funding Common 046220109 24,091 121,475 16,600 488,800 626,875 Sole Atwood Oceanics Inc. Common 050095108 41,649 71,650 9,900 525,400 606,950 Sole AU Optronics Corp. Common 002255107 17 1 1 Sole Autoliv Inc. Common 052800109 7,990 3,600 136,900 140,500 Sole AT&T Inc. Common 00206R102 17,836,450 429,500 300 429,800 Sole Apache Corp Common Common 037411105 448,678,787 893,853 553,446 3,735,758 5,183,057 Sole Avid Technology Inc. Common 05367p100 10,184 288,100 288,100 Sole Axcan Pharma Inc. Common 054923107 5,955 258,250 31,900 17,900 308,050 Sole Bank Of America Corp Common 060505104 580,202,050 2,410,656 918,395 7,101,080 10,430,131 Sole Barnes Group Inc. Common 067806109 16,907 170,675 22,800 340,200 533,675 Sole Baxter Intl. Inc. Common 071813109 15,775 280 280 Sole Bat Indust-Adr Common 207,256 2,998 2,998 Sole Baytex Energy Trust - Units Common 073176109 2,999 150,000 150,000 Sole Bear Stearns Cos Inc. Common 073902108 2,548 18,200 18,200 Sole Beckman Coulter Inc. Common 075811109 8,573 3,250 129,300 132,550 Sole BB&T Corp. Common 054937107 2,880 70,800 70,800 Sole BE Aerospace Inc. Common 073302101 35,649 124,575 17,100 721,500 863,175 Sole BEBE Stores Inc. Common 075571109 3,362 210,000 210,000 Sole Becton Dickinson Common 18,668 250 250 Sole Black Box Corp. DEL COM Common 091826107 18,907 456,900 456,900 Sole Blackrock Enh Div. Ach Tr. Common 09251A104 7,644 437 437 Sole Blackrock Real Asset Equity Common 09254B109 3,220 200 200 Sole Bluelinx Holdings Inc. Common 09624H109 5,245 500 500 Sole Boeing Co. Common 97023105 9,616 100 100 Sole Bonavista Energy Trust (Canadi Common 098536105 22,984 192,500 606,500 799,000 Sole Borders Group Inc. Common 99709107 94,421,691 900,720 75,419 3,978,085 4,954,224 Sole Boston Private Finl Holding Common 101119105 11,164 145,300 17,200 253,000 415,500 Sole Boston Scientific Corp. Common 767 50 50 Sole BP Amoco Plc - Spons Adr Common 055622104 754 10,445 10,445 Sole BP Prudhoe Bay Royalty Trust Common 055630107 10,306 43,800 98,900 142,700 Sole British Amern. Tob. Plc. Adr. Common 110448107 14,727,364 37,934 163,579 15,640 217,153 Sole Bristol Myers Squibb Co. Common 4,102 130 130 Sole Bristow Group Inc. Common 110394103 6,773 136,700 136,700 Sole Caci Intl Inc Cl A Common 127190304 13,624 278,900 278,900 Sole CAE Inc. Common 124765108 14,222 1,066,100 1,066,100 Sole Callaway Golf Common 131193104 8,743 490,900 490,900 Sole Cameco Corp Common 13321L108 1,560 5,550 25,200 30,750 Sole Capital Lease Funding Common 140288101 10,393 966,800 966,800 Sole Capital One Finl Corp Common 14040H105 2,792 35,600 35,600 Sole Carolina Gp - Loews Corp Common 540424207 1,387 2,900 15,050 17,950 Sole CastlePoint Holdings Ltd. Common 148553100 5,052 343,900 343,900 Sole CBRE Realty Finance Inc. Common 12498B307 6,367 535,500 535,500 Sole Centene Corp. Common 15135B101 9,446 1,300 439,700 441,000 Sole Centerplate Inc IDS Common 15200E204 2,355 133,800 133,800 Sole Central Euro Distribution CP Common 153435102 14,668 159,625 19,600 244,450 423,675 Sole Century Aluminum Company Common 156431108 11,707 214,300 214,300 Sole Century Casinos Inc. Common 156492100 96 5,400 5,300 10,700 Sole Charles River Laboratories Common 159864107 14,547 281,800 281,800 Sole Chesapeake Energy Corp Common 165167107 4,531 7,000 123,950 130,950 Sole ChevronTexaco Common 166764100 526,155,399 1,306,424 638,762 4,318,797 6,263,983 Sole Chicago Bridge & Iron Common 167250109 16,326 432,600 432,600 Sole Chicago Mercantile Ex. Hldgs. Common 1,068 2 2 Sole Chittenden Corp. Common 170228100 13,834 137,825 16,700 241,300 395,825 Sole Chubb Corp Common 171232101 232,647,761 714,160 1,366,613 2,991,585 5,072,358 Sole Church & Dwight Co Inc Common 171340102 13,050 4,150 265,150 269,300 Sole Cimarex Energy Co. Common 171798101 1,484 5,500 32,150 37,650 Sole Cincinnati Financial Corp. Common 172062101 1,375 4,823 26,850 31,673 Sole Cinram International Income (C Common 172595100 9,247 364,300 364,300 Sole Cisco System Inc. Common 17275R102 13,925 500 500 Sole CIT Group Common 125581108 41,513 39,250 717,875 757,125 Sole Citigroup Inc. Common 172967101 75,357,104 136,241 678,926 1,070,136 1,885,303 Sole Citizens Republic Bancorp Inc. Common 174420109 15,991 180,300 22,100 671,400 873,800 Sole City Holding Co. Common 177835105 4,784 104,522 13,100 7,200 124,822 Sole Clean Harbors Inc. Common 184496107 5,777 116,900 116,900 Sole C-Met (144A) Common 189758105 216 18,000 18,000 Sole CMS Energy Corp Common 125896100 3,093 179,800 179,800 Sole CNA Financial Corp Common 126117100 2,995 62,800 62,800 Sole Cohen & Steers REIT & PR Common 19247x100 3,135 116,000 116,000 Sole Columbia Bkg Sys Inc Common 197236102 9,092 125,425 14,800 170,600 310,825 Sole Comerica Inc Common 200340107 4,071 3,500 64,950 68,450 Sole Commscope Inc. Common 203372107 74,271 118,450 13,300 1,141,100 1,272,850 Sole Conn's Inc. Common 208242107 7,523 263,400 263,400 Sole ConocoPhillips Common 20825C104 1,129,090,816 3,045,256 1,869,531 9,942,908 14,857,695 Sole CONSTELLATION BRANDS INC Common 21036P108 1,541 10,300 53,150 63,450 Sole Contrans Income Fund (Canadian Common 212337109 7,200 683,800 683,800 Sole Cooper Cos. Inc Com Common 216648402 22,926 93,325 10,900 325,750 429,975 Sole Cooper Industries Ltd Common g24182100 1,701 4,500 25,300 29,800 Sole Countrywide Financial Common 222372104 2,901 79,800 79,800 Sole Covansys Corporation Common 22281W103 20,365 600,200 600,200 Sole Covidien Ltd. When Issued Common G2552X108 1,916,948 125,739 236,267 485,694 847,700 Sole Crescent Point Energy Trust (C Common 225908102 37,507 1,060,900 971,600 2,032,500 Sole Crystal River Capital Inc. Common 229393301 33,703 100,000 1,288,100 1,388,100 Sole Cummins Inc. Com Common 231021106 3,805 37,600 37,600 Sole Curtiss-Wright Corp. Common 231561101 14,548 105,225 14,600 192,300 312,125 Sole Cuyahoga Cnty Ohio Rev Ser-B. Common 232286BM5 50,000 50,000 50,000 Sole Cypress Shapridge 144A Common 23281a208 7,500 750,000 750,000 Sole Deere & Co. Common 482 4 4 Sole Devon Energy Common 25179M103 520,300,881 1,488,446 749,232 4,407,905 6,645,583 Sole Deerfield Triarc Capital Cor Common 244572301 24,766 1,692,800 1,692,800 Sole Del Monte Foods Co Common 24522P103 28,783 369,800 44,300 1,952,900 2,367,000 Sole Delta Petroleum Corp Common 247907207 25,061 223,950 27,200 996,900 1,248,050 Sole Donnelley (R R) & Sons Co Common 257867101 4,784 5,800 104,150 109,950 Sole Double Hull Tankers Inc Common Y21110104 17,757 100,000 1,039,000 1,139,000 Sole Dow Chemical Common 260543103 2,579 312 58,000 58,312 Sole D R Horton Inc Com Common 23331A109 2,431 122,000 122,000 Sole DRS Technologies Inc Common 23330x100 32,809 80,575 9,700 482,600 572,875 Sole Duke Energy Corp New Common 26441c105 2,423 132,400 132,400 Sole Du Pont (E I) De Nemours Common 263534109 559 3,900 7,100 11,000 Sole Dynegy Inc. Class A Common 26817g102 116 590 11,711 12,301 Sole Eagle Bulk Shipping Inc. Common y2187a101 21,352 61,100 891,700 952,800 Sole Eaton Corp. Common 278058102 4,483 2,450 45,750 48,200 Sole Edison International Common 281020107 1,599 4,250 24,250 28,500 Sole EDO Corp Common 281347104 14,565 443,100 443,100 Sole Edwards A G & Sons Inc Common 281760108 9,216 109,000 109,000 Sole Electronic Data Systems Common 74,481 2,730 2,730 Sole Embarq Corp Common 29078e105 3,054 48,200 48,200 Sole Emcor Group Inc Com Common 29084Q100 26,958 369,800 369,800 Sole Empire District Electric Co. Common 291641108 8,096 361,900 361,900 Sole Encana Corp Common 292505104 132,048,204 281,887 221,815 1,554,832 2,058,534 Sole Endurance Specialty Holdings Common g30397106 32,506 122,450 14,900 674,500 811,850 Sole Energy Metals Corporation Unit Common 29271B106 11,427 779,200 779,200 Sole Enerplus Resources Fund Common 29274D604 17,005 361,200 361,200 Sole Ennis Inc. Common 293389102 17,981 159,000 18,700 586,800 764,500 Sole Ensco International, Inc Common 26874q100 2,996 49,100 49,100 Sole Eog Resources Inc. Common 26875p101 2,740 37,500 37,500 Sole Evergreen Inc. Advantage Fund Common 30023y105 16,199 246,200 902,668 1,148,868 Sole Everest Reins Hldgs Common g3223r108 3,053 28,100 28,100 Sole Express Scripts Inc. Common 302182100 330 6,600 6,600 Sole Exxon Mobil Corp Common 30231G102 3,116 750 36,400 37,150 Sole Fannie Mae Common 313586109 519,464,906 1,861,854 936,629 4,920,362 7,718,845 Sole FBR Capital Markets Corp. - 14 Common 30247c103 4,500 300,000 300,000 Sole FOOT LOCKER INC N.Y. COM Common 344849104 8,051 9,200 360,100 369,300 Sole Fair Isaac Corp. Common 303250104 28,789 112,475 13,100 592,000 717,575 Sole Fairborne Energy Trust (Canadi Common 303628101 25,723 654,300 2,638,500 3,292,800 Sole Fairpoint Communications Inc. Common 305560104 3,862 217,600 217,600 Sole Federal Home Ln. Mtg. Common 313400301 752,389,122 3,179,555 1,120,412 8,095,047 12,395,014 Sole Federal Natl. Mtg. Voting Shares Common 313586109 38,207,808 77,950 491,745 15,169 584,864 Sole Federated Dept. Stores Inc. Del. Common 31410H101 0 75 75 Sole Freddie Mac Common 313400301 8,760,658 18,797 102,963 22,567 144,327 Sole Federal Express Common 31428X106 43,911 38,100 9,400 348,200 395,700 Sole Financial Fed Corp Com Common 317492106 5,499 157,100 18,600 8,700 184,400 Sole Firstmerit Corp. Common 337915102 4,577 181,975 23,500 13,200 218,675 Sole Focus Energy Trust Units (Cana Common 34415R108 1,673 100,000 100,000 Sole Fortune Brands Inc. Common 349631101 2,834 34,400 34,400 Sole Freehold Royalty Trust UTS (Ca Common 355904103 8,090 592,300 592,300 Sole Freeprt McMoran cpr&gld Common 35671d857 3,470 41,900 41,900 Sole Freidman Billings Ramsey-A Common 358434108 10,340 428,900 53,900 1,411,000 1,893,800 Sole Frontline Ltd Common g3682e127 10,211 222,700 222,700 Sole GATX CORPORATION Common 361448103 5,328 91,075 11,000 6,100 108,175 Sole Gannett Co Inc DEL Common 364730101 3,954 3,800 68,150 71,950 Sole General Cable Corp/De Common 369300108 36,989 71,800 7,400 409,100 488,300 Sole General Electric Co Common 369604103 331,203,095 1,484,091 1,246,175 5,921,438 8,651,704 Sole General Motors Common 370442105 3,255 86,100 86,100 Sole Genesee & Wyoming Inc-Cl A Common 371559105 12,828 429,900 429,900 Sole Genlyte Group Inc Com Common 372302109 9,833 125,200 125,200 Sole Genworth FINL INC. COM Common 37247d106 2,649 77,000 77,000 Sole Goldman Sachs Common 38141G104 2,818 13,000 13,000 Sole Goodrich B F Company Common 382388106 3,133 52,600 52,600 Sole Granite Constr Inc Com Common 387328107 15,666 244,100 244,100 Sole Great Plains Energy Inc. Common 391164100 9,237 317,200 317,200 Sole HCC Ins Hldgs Inc Common 404132102 8,869 6,900 258,550 265,450 Sole HNI Corp Common 404251100 23,625 88,125 11,000 477,100 576,225 Sole HUBBELL INC CL B PAR .01 Common 443510201 24,619 4,300 449,750 454,050 Sole Hanesbrands Inc. Common 410345102 12,488 158,200 17,900 285,900 462,000 Sole Hanover Insurance Group, Inc. Common 410867105 27,647 90,850 10,700 465,100 566,650 Sole Harsco Corp Com Common 415864107 15,943 306,600 306,600 Sole Hartford Finl Svcs Grp Inc Common 416515104 209,754,697 419,308 304,685 148,913 872,906 Sole Harvest Energy Trust Common 41752x101 34,558 1,116,200 1,116,200 Sole Harvest Energy Trust - Units ( Common 41752x101 10,067 325,000 325,000 Sole Headwaters Inc. Common 42210p102 5,663 327,900 327,900 Sole Healthspring Inc Common 42224n101 27,610 195,500 24,400 1,228,700 1,448,600 Sole Helen of Troy Ltd Common G4388N106 21,204 177,625 20,200 587,500 785,325 Sole Helix Energy Group, Inc. Common 42330p107 18,279 1,500 456,500 458,000 Sole Henry (Jack) & Associates Common 426281101 31,384 182,800 23,600 1,012,400 1,218,800 Sole Hercules Offshore Inc. Common 427093109 19,583 144,650 18,100 442,032 604,782 Sole Hess Corp Common 42809h107 4,233 4,050 67,750 71,800 Sole Highland Hospital Common 430141101 7,675 227,125 31,500 141,100 399,725 Sole Hillenbrand Industries Common 431573104 9,519 3,500 142,950 146,450 Sole Home Depot Inc. Common 437076102 370,650,235 1,541,125 2,947,982 690,919 5,180,026 Sole Hormel Foods Corp. Common 440452100 6,906 5,650 179,250 184,900 Sole Hornbeck Offshore Services Common 440543106 6,596 143,475 17,400 9,300 170,175 Sole Hospitality Properties Trust Common 44106M102 7,582 4,500 178,250 182,750 Sole Huntington Bancshares In Common 446150104 8,265 9,200 354,250 363,450 Sole Hyperion Total Return Fund Common 449145101 1,981 222,600 222,600 Sole IAMgold Corporation Common 450913108 23,083 540,800 64,100 2,408,600 3,013,500 Sole IDACORP INC COM Common 451107106 23,033 123,775 13,800 581,300 718,875 Sole IPC Holdings LTD Common G4933P101 27,890 139,450 16,200 708,100 863,750 Sole Imperial Tobacco Group Plc. Adr. Common 453142101 91,165,850 119,192 119,195 750,050 988,437 Sole Johnson & Johnson Common 49,072 795 795 Sole Ingersoll Rand Co Common g4776g101 3,437 62,700 62,700 Sole Insituform Technologies - Clas Common 457667103 12,582 576,900 576,900 Sole Integrys Energy Group, Inc. Common 45822P105 39,507 348,777 9,400 420,600 778,777 Sole Inyx Inc. Common 461868101 65 13,400 13,200 26,600 Sole Iowa Telecommunications Common 462594201 23,029 212,750 26,100 774,300 1,013,150 Sole Ishares Tr Russell 2000 Common 464287655 102,539 1,236,000 1,236,000 Sole Istar Financial Inc. Common 45031U101 2,584 58,300 58,300 Sole J.P. Morgan Chase & Co. Common 46625H100 86,281,854 277,203 276,595 1,248,805 1,802,603 Sole JER Investors Trust Inc. Common 46614H301 19,351 166,652 1,123,400 1,290,052 Sole JM Smucker Co. Common 832696405 42,000 84,300 10,500 564,950 659,750 Sole K2 Inc. Common 482732104 6,318 346,825 44,300 24,800 415,925 Sole KKR Financial Corp Common 48248a306 25,931 282,500 758,500 1,041,000 Sole Kelly Svcs Inc Cl A Common 488152208 24,300 132,825 17,200 734,900 884,925 Sole Kennametal Inc. Common 489170100 13,570 61,625 8,200 95,600 165,425 Sole Keycorp Common 493267108 174,372,061 1,467,451 551,130 2,642,719 4,661,300 Sole Kindred Healthcare Inc. Common 494580103 8,893 289,500 289,500 Sole Kinetic Concepts Inc. Common 49460W208 20,253 4,150 385,550 389,700 Sole Komag Inc. Common 500453204 4,254 133,400 133,400 Sole L-3 Communications Holdings Common 502424104 1,519 2,500 13,100 15,600 Sole Leggett & Platt Inc. Common 524660107 7,726 8,800 341,600 350,400 Sole Lehman Brothers Holdings Inc Common 524908100 2,911 38,400 38,400 Sole Lennox International Inc. Common 526107107 18,597 124,800 14,700 403,800 543,300 Sole Lifepoint Hospitals Common 53219l109 30,115 114,117 13,944 650,502 778,563 Sole Liberty Media Hldg. Cap Ser. A Common 53071M302 470 4 4 Sole Lilly (Eli) & Co Common 532457108 167,652,616 889,454 287,306 1,823,380 3,000,140 Sole Lincare Holdings Inc Common 532791100 8,558 5,500 209,250 214,750 Sole Lincoln National Corp Common 534187109 2,831 39,900 39,900 Sole Loews Corp Common 540424108 3,023 59,300 59,300 Sole Lowes Cos. Common 548661107 113,686,736 634,071 361,599 2,367,420 3,363,090 Sole Lyondell Chemical PV $1 Common 552078107 4,855 6,950 123,850 130,800 Sole MB Financial Inc. Common 55264U108 9,300 118,005 13,900 135,800 267,705 Sole MBIA Inc Common 55262C100 2,576 41,400 41,400 Sole MCG Capital Corp. Common 58047P107 3,222 201,100 201,100 Sole MFA Mortgage Investments, Inc. Common 55272x102 11,585 5,500 1,585,900 1,591,400 Sole MKS Instrument Inc Com Common 55306N104 14,775 533,400 533,400 Sole Macy's Inc. Common 55616P104 149,827,917 661,434 494,274 2,331,112 3,486,820 Sole Merck & Co. Inc. Common 108,193 2,180 2,180 Sole Marathon Oil Corp Common 565849106 3,154 52,600 52,600 Sole Marshall & Ilsley Corp. Common 571834100 4,144 4,450 82,550 87,000 Sole Masco Common 574599106 2,827 99,300 99,300 Sole Matrix Service Co. Common 576853105 5,199 209,200 209,200 Sole Medical Properties Trust Inc. Common 58463J304 16,259 268,925 31,600 928,400 1,228,925 Sole Merrill Lynch & Co Common 590188108 2,733 32,700 32,700 Sole Metal Management, Inc. Common 591097209 4,817 109,300 109,300 Sole Metlife Common 59156r108 2,740 42,500 42,500 Sole Mettler-Toledo International Common 592688105 14,145 148,100 148,100 Sole Microsoft Common 594918104 65,650,736 306,029 352,802 1,568,835 2,227,666 Sole Mohawk Industries Inc Common 608190104 10,271 2,550 99,350 101,900 Sole Morgan Stanley Common 10,271,107 66,800 1 34,300 101,101 Sole Mueller Water Products Inc. Common 624758108 23,206 278,450 33,400 1,048,400 1,360,250 Sole Mueller Water Products Inc. Cl Common 624758207 4,129 275,296 275,296 Sole Myers Industries Inc Common 628464109 5,948 223,900 29,200 15,900 269,000 Sole Mylan Laboratories Common 628530107 1,189 10,000 55,350 65,350 Sole NCI Building Systems, Inc. Common 628852105 14,304 86,275 10,300 193,400 289,975 Sole Nal Oil & Gas Trust-UTS (Canad Common 628949109 12,357 1,045,700 1,045,700 Sole Nash Finch Co Com Common 631158102 21,353 116,775 17,500 297,100 431,375 Sole Natco Group Inc - A Common 63227W203 4,687 101,800 101,800 Sole National City Corp Common 635405103 2,429 72,900 72,900 Sole New Flyer Industries Inc.-IDS Common 64438r306 9,944 920,600 920,600 Sole Newcastle Investment Corp. Common 65105M108 25,970 285,400 750,500 1,035,900 Sole Newfield Expl. CO Com. Common 651290108 1,439 5,000 26,600 31,600 Sole Newmont Mining Corp Common 651639106 277 7,100 7,100 Sole Nobel Learning Communities Common 654889104 4,196 26,874 36,400 224,500 287,774 Sole Noble Drilling Corp Common g65422100 3,325 34,100 34,100 Sole Noble Energy Common 655044105 2,764 44,300 44,300 Sole Norfolk Southern Corp. Common 655844108 2,828 53,800 53,800 Sole Northern Orion Resources Inc. Common 665575106 7,779 6,400 1,360,800 1,367,200 Sole Northrop Grumman Common 666807102 155,519,383 272,367 384,686 1,287,240 1,944,293 Sole Northwest Pipe Company Common 667746101 6,275 176,400 176,400 Sole Novartis Ag Sponsored Adr Common 66987v109 202 3,600 3,600 Sole Nucor Corp Common 670346105 2,434 41,500 41,500 Sole Nuveen Pfd. & Cvrt Income Fund Common 67073d102 2,521 190,000 190,000 Sole Nuveen Quality Preferred II Common 67072c105 2,223 161,200 161,200 Sole Occidental Petroleum Common 674599105 313,375,184 817,433 573,209 3,393,237 4,783,879 Sole Odyssey Healthcare Inc Common 67611V101 7,970 672,000 672,000 Sole Odyssey Re Holdings Corp Common 67612w108 18,923 441,200 441,200 Sole Oil States International Inc Common 678026105 10,724 259,400 259,400 Sole Old Republic Intl Corp Common 680223104 1,460 68,675 68,675 Sole Openwave Systems Inc. Common 683718308 666 106,400 106,400 Sole Option Care Inc. Common 683948103 18,972 305,975 40,400 885,600 1,231,975 Sole PNC Financial Services Group Common 693475105 170,452,427 576,238 202,935 1,468,449 2,247,622 Sole PPG Industries Inc. Common 693506107 2,900 38,100 38,100 Sole PPL Corp. Common 69351t106 1,647 5,350 29,850 35,200 Sole Paccar Inc Common 693718108 3,252 57 37,300 37,357 Sole Pan American Silver Corp. Common 697900108 16,327 620,100 620,100 Sole Parallel Petroleum Corp. Common 699157103 35,629 298,200 38,300 1,290,400 1,626,900 Sole Park Electrochemical Corp. Common 700416209 3,258 26,100 2,700 86,800 115,600 Sole Parker Hannifin Corp Common 701094104 4,607 2,550 44,500 47,050 Sole Pediatrix Medical Group Common 705324101 23,298 76,450 9,600 336,400 422,450 Sole Pengrowth Energy Trust Common 706902509 28,013 133,900 1,333,500 1,467,400 Sole Penn West Energy Trust Common 707885109 39,487 685,000 498,300 1,183,300 Sole Perini Corp. Common 713839108 17,838 289,900 289,900 Sole Perkinelmer Inc. Common 714046109 9,908 2,800 377,400 380,200 Sole Perrigo Company Common 714290103 6,974 356,200 356,200 Sole Petrohawk Energy Corp Common 716495106 23,155 336,875 40,500 1,082,600 1,459,975 Sole Petroquest Energy Inc. Common 716748108 23,103 338,700 47,500 1,202,700 1,588,900 Sole Pff Bancorp Inc Com Common 69331W104 3,522 126,100 126,100 Sole Pfizer Common 717081103 615,683,326 6,768,489 2,311,019 4,645,974 23,725,482 Sole Phillips-Van Heusen Common 718592108 16,037 264,764 264,764 Sole Piper Jaffray Cos. Common 222 4 4 Sole Pilgrims Pride Corp Common 721467108 26,933 119,797 13,400 572,400 705,597 Sole Pine Brook Cap Inc. Class A Common 0 265,913 265,913 Sole Pinnacle Gas Resources, Inc. 1 Common 723464103 5,964 700,000 700,000 Sole Pioneer High Income Trust Common 72369H106 6,702 277,100 115,300 392,400 Sole Platinum Underwriters Holdings Common G7127P100 18,748 129,125 16,200 394,200 539,525 Sole Primary Energy Recycling-EIS ( Common 74158d304 3,820 600,300 600,300 Sole Progress Energy Common 743263105 15,756 345,600 345,600 Sole Progressive Corp Ohio Common 743315103 2,965 123,900 123,900 Sole Protective Life Corp Com Common 743674103 8,360 4,700 170,150 174,850 Sole Provident Bankshares Corp Common 743859100 2,688 82,000 82,000 Sole Prudential Financial, Inc. Common 744320102 2,907 29,900 29,900 Sole Pulte Homes, Inc Common 745867101 2,319 103,300 103,300 Sole Quest Diagnostics Inc. Common 74834L100 41,395,109 139,946 196,879 518,830 855,655 Sole Radian Group Inc. Common 216 4 4 Sole REGIS CORP MINN Common 758932107 24,826 102,450 12,300 534,300 649,050 Sole RPC Inc. Common 749660106 15,031 882,100 882,100 Sole RTI International Metals, Inc. Common 74973W107 43,059 49,799 6,300 515,200 571,299 Sole Ralcorp Holdings Inc Common 751028101 28,284 70,375 9,400 449,400 529,175 Sole Regal Beloit Common 758750103 26,877 93,500 11,300 472,700 577,500 Sole Regal Entertainment Group Common 758766109 2,713 123,700 123,700 Sole Regions Financial Corp. New Common 7591ep100 16,285 415,000 77,000 492,000 Sole Reynolds American Inc Common 761713106 2,843 300 43,300 43,600 Sole Royal Carribean Cruises Common V7780T103 2,759 64,200 64,200 Sole Ruby Tuesday Inc Com Common 781182100 4,105 130,400 17,400 8,100 155,900 Sole Ruddick Corp. Common 781258108 28,696 142,725 18,300 791,700 952,725 Sole Russell 1000 Value Index Fund Common 464287598 107,602 650,770 248,020 341,625 1,240,415 Sole Safeco Corp Common 786429100 2,522 40,500 40,500 Sole Safety Insurance Group Inc. Common 78648T100 5,081 103,625 11,900 7,200 122,725 Sole Safeway Inc Common 786514208 3,298 96,910 96,910 Sole San Juan Basin Royalty Tr Common 798241105 3,206 100,800 100,800 Sole Sanderson Farms Inc. Common 800013104 6,445 121,250 14,800 7,100 143,150 Sole Scansource Inc Common 806037107 10,221 1,000 318,500 319,500 Sole Seagate Technology Common G7945J104 1,343 8,350 53,350 61,700 Sole Selective Ins Group Com Common 816300107 10,048 373,800 373,800 Sole Sempra Energy Common 816851109 2,577 43,500 43,500 Sole Shaw Group Inc Common 820280105 18,340 396,200 396,200 Sole Sherwin-Williams Common 824348106 1,383 3,100 17,700 20,800 Sole Sierra Pacific Resources Common 826428104 6,155 350,500 350,500 Sole Sigma-Aldrich Corp. Common 826552101 9,349 5,150 213,950 219,100 Sole Smithfield Foods Inc Com Common 832248108 1,538 7,150 42,800 49,950 Sole Southern Copper Corp. Common 84265V105 3,648 800 37,900 38,700 Sole Southern Union Co Common 844030106 21,373 1 655,800 655,801 Sole Sovereign Bancorp. Inc. Common 845905108 160,019,850 1,281,254 1,008,177 4,861,459 7,150,890 Sole SPDR Tf. Common 78462F103 20,892,009 138,820 65 138,885 Sole SLM Corp. Common 78442P106 3,789,000 65,800 65,800 Sole Sprint Corp Common 852061100 3,009 145,300 145,300 Sole St. Mary Land & Exploration Common 792228108 11,108 119,725 14,300 169,300 303,325 Sole Staples Inc Common 855030102 143,167,597 1,070,308 1,042,258 4,259,431 6,371,997 Sole Stec Inc Common 784774101 20,808 687,250 83,900 2,465,000 3,236,150 Sole Sterling Construction Co Common 859241101 11,491 3,200 540,100 543,300 Sole Sterling Financial Corp./Spoka Common 859319105 16,363 130,285 15,500 419,630 565,415 Sole Stewart W P and Co. LTD Common G84922106 1,037 95,200 95,200 Sole Stillwater Mining Co. Common 86074Q102 2,418 219,600 219,600 Sole Stride Rite Corp Com Common 863314100 5,951 244,650 31,900 17,200 293,750 Sole Suburban Propane Partners Common 864482104 16,194 338,300 338,300 Sole Suntrust Banks Inc Common 867914103 3,728 100 43,384 43,484 Sole Superior Energy Services Inc. Common 868157108 31,057 124,875 15,300 637,800 777,975 Sole Supervalu Inc. Common 868536103 218 800 3,900 4,700 Sole Syneron Medical Ltd. Common M87245102 4,716 159,200 19,100 10,700 189,000 Sole TJX Companies Inc Common 872540109 1,349 7,650 41,400 49,050 Sole TXU Corp Common 873168108 273,844,649 653,823 395,196 2,855,810 3,904,829 Sole Teco Energy Inc. Common 872375100 4,773 277,800 277,800 Sole Tektronix Inc. Common 879131100 11,117 53,600 6,400 269,500 329,500 Sole Tesoro Petroleum Corp Common 881609101 3,155 55,200 55,200 Sole Texas Inds. Inc. Common 882491103 8,939 114,000 114,000 Sole The Men's Wearhouse Inc. Common 587118100 34,368 93,400 11,800 567,750 672,950 Sole Thomas & Betts Corp Common 884315102 7,314 126,100 126,100 Sole Thornburg Mtg Inc Com Common 885218107 30,775 1,175,500 1,175,500 Sole Todco - Class A Common 88889T107 10,509 222,600 222,600 Sole Torchmark Corp Common 891027104 2,787 41,600 41,600 Sole Tortoise Energy Infrastructure Common 89147L100 11,391 1,800 2 270,457 272,259 Sole Tower Group Inc. Common 891777104 11,596 363,500 363,500 Sole Travelers Cos Inc/THE Common 89417e109 31,393 29,020 10,700 547,060 586,780 Sole Triumph Group Inc New Com Common 896818101 5,722 87,400 87,400 Sole Tyco International Ltd. Common G9143X208 41,572,839 466,050 454,667 1,956,703 2,877,420 Sole Tyco Electronics Ltd. Common G9144P105 29,244,622 113,809 149,141 485,694 748,644 Sole United HealthGroup Inc. Common 91324P102 520,091,499 1,755,581 1,315,054 6,760,650 9,831,285 Sole UCBH Holdings Inc Common 90262t308 23,138 226,175 26,700 1,013,600 1,266,475 Sole URS Corp New Com Common 903236107 8,375 172,500 172,500 Sole UST Common 902911106 581,667,121 3,662,876 932,736 6,177,164 10,772,776 Sole U S Bancorp Common 902973304 129,096,628 1,073,944 408,137 2,390,941 3,873,022 Sole Unilever N V Ny Shares Common 904784709 308 6,726 3,213 9,939 Sole UnionBanCal Corp. Common 908906100 2,549 42,700 42,700 Sole United Auto Group Inc. Common 909440109 9,888 192,550 23,600 248,300 464,450 Sole United Fire and Casualty Co. Common 910331107 19,938 123,350 14,700 425,500 563,550 Sole United States Steel Corp. Common 912909108 3,002 27,600 27,600 Sole United Technologies Common 913017109 226,159,441 543,834 358,660 2,288,730 3,191,224 Sole Unum Group Common 91529y106 3,118 119,400 119,400 Sole Uranium Resources Inc Common 916901507 40,241 499,915 72,838 3,075,587 3,648,340 Sole Varian Inc. Common 922206107 12,592 74,800 9,500 145,349 229,649 Sole Vector Group Ltd Common 92240M108 41,472 580,475 28,500 1,231,756 1,840,731 Sole Ventas Inc. Common 92276F100 6,668 4,850 179,100 183,950 Sole Verizon Communications Common 92343V104 325,179,106 1,096,885 1,171,909 5,488,312 7,757,106 Sole Vermilion Energy Trust (Canadi Common 923728109 3,107 91,800 91,800 Sole WAJAX Income Fund (Canadian) Common 930787106 2,631 75,800 75,800 Sole WEIS MARKETS INC Common 948849104 20,653 98,130 11,600 400,100 509,830 Sole WR Berkley Corp Common 084423102 2,649 81,400 81,400 Sole Wachovia Corp Common 929903102 333,393,371 1,436,872 692,675 4,381,802 6,511,349 Sole Waddell & Reed Financial - A Common 930059100 19,485 186,125 21,500 541,500 749,125 Sole Walter Industries Inc. Common 93317Q105 4,825 166,600 166,600 Sole Washington Group Intl Inc Common 938862208 26,003 325,000 325,000 Sole Washington Mutual Inc Common 939322103 516,240,580 3,216,938 1,241,536 7,616,806 12,075,280 Sole Watts Water Technologies A Common 942749102 14,804 395,100 395,100 Sole Wells Fargo & Co (New) Common 949746101 2,771 78,800 78,800 Sole Wesco Intl Inc Com Common 95082P105 18,356 3,300 300,350 303,650 Sole Whirlpool Corp Common 963320106 5,021 1,950 43,200 45,150 Sole Williams Coal Seam Gas Trust Common 969450105 597 57,500 57,500 Sole Windstream Corp. Common 97381W104 8,644 18,700 566,950 585,650 Sole Wolverine World Wide Inc Common 978097103 8,547 308,450 308,450 Sole Worthington Industries Inc Common 981811102 4,176 192,900 192,900 Sole Wyeth Common 983024100 480,486,762 1,423,109 859,046 6,070,024 8,352,179 Sole XL Capital Ltd Common G98255105 3,270 38,800 38,800 Sole XTO Energy Inc. Common 98385X106 2,939 48,900 48,900 Sole British Amern. Tob. Plc. Adr. Foreign 110448107 2,206,051 11,131 20,776 31,907 Sole Covidien Ltd. When Issued Foreign G2552X108 1,397,636 11,472 20,956 32,428 Sole Encana Corp. Foreign 292505104 1,589,343 12,405 13,459 25,864 Sole Imperial Tobacco Grp. Adr. Foreign 453142101 1,259,954 6,465 7,196 13,661 Sole Tyco International Ltd. Foreign G9143X208 4,767,236 23,402 34,056 10,041 67,499 Sole Tyco Electronics Ltd. Foreign G9144P105 2,244,300 23,402 34,056 57,458 Sole Sole ABN AMRO CAP VII (ABNA) - 6.08 Preferred 00372Q201 4,664 200,000 200,000 Sole Aegon NV 6.875% Preferred Preferred ep0215871 2,064 80,000 80,000 Sole Affordable Resid (ARC) 8.25% P Preferred 008273203 4,970 200,000 200,000 Sole Alabama Power 5.3% Pfd. Preferred 010392561 1,831 80,000 80,000 Sole Arch Capital Group Ltd. Pfd. S Preferred g0450a154 848 33,400 33,400 Sole Arch Capital Group Ltd. Pfd. S Preferred g0450A147 8,670 340,000 340,000 Sole Aspen Insurance (AHL) 7.4010% Preferred g05384139 498 20,000 20,000 Sole Axis Capital 7.5000% Preferred 05461t206 5,128 50,000 50,000 Sole Axis Capital Holdings 7.25 % P Preferred ep0168971 5,453 218,100 218,100 Sole Banco Santander 6.4100% Pfd. S Preferred 80281R300 1,990 80,000 80,000 Sole CIT Group Inc. 6.35% Series A Preferred 125581207 7,806 310,000 310,000 Sole Chevy Chase PFD 8% Preferred 166779207 4,910 189,300 189,300 Sole DB Cap Funding VIII 6.375% Per Preferred 25153u204 7,407 300,000 300,000 Sole Dairy Farmers (Dairy) 7.875% S Preferred 23385H208 14,140 140,000 140,000 Sole Endurance Specialty Holding Pf Preferred 29267H208 10,770 412,000 412,000 Sole Fannie Mae 5.1% Series Preferr Preferred 313586604 9,463 200,000 200,000 Sole Fannie Mae Floating Quarterly Preferred 313586794 4,148 80,000 80,000 Sole Federal Home Loan Mortgage Preferred 313400772 4,792 100,000 100,000 Sole First Repub Bank 6.7% Series A Preferred 336158209 5,116 200,000 200,000 Sole Franklin Bank 7.50% Series A Preferred 352451405 1,250 50,000 50,000 Sole Freddie Mac 6.4200% Series Preferred 313400699 1,363 25,000 25,000 Sole Goldman Sachs GP 6.2% Series P Preferred 38144X500 2,036 80,000 80,000 Sole HSBC Holdings PLC 6.2000% Seri Preferred 404280604 2,385 100,000 100,000 Sole LTC Properties 8% Series F Preferred 502175607 1,984 80,000 80,000 Sole Lehman Brothers Holding 6.5% S Preferred 524908720 3,569 140,500 140,500 Sole Metlife Inc 6.5% Series B Pfd. Preferred 59156r603 1,280 50,000 50,000 Sole Morgan Stanley 6.18% Series A Preferred 61747S504 2,569 100,000 100,000 Sole Odyssey RE HLDGS 0.00% Series Preferred 67612W405 3,886 152,100 152,100 Sole Odyssey Re Holdings Pfd. 8.125 Preferred 67612w306 6,404 245,000 245,000 Sole Omega Healthcare 8.375% Pfd Se Preferred 681936407 10,324 400,000 400,000 Sole PPL Electric Uti PFD 6.25% Preferred 69351u863 2,981 120,000 120,000 Sole PRETSL 16 Pfd. Term 17.06% Preferred 74042gaa7 3,391 39,000 39,000 None PRETSL 21 Pfd. Term Security 1 Preferred 74042kaa8 3,478 37,500 37,500 None PRETSL 24 Pfd. Term Security Preferred 74043dab1 7,483 75,000 75,000 None PreTSL 17 Pfd. Term Security 1 Preferred 74042vaa4 3,130 37,500 37,500 None PreTSL 18 Pfd. Term Security 1 Preferred 74042xaa0 3,132 37,500 37,500 None PreTSL 19 Pfd. Term Security 1 Preferred 74042haj6 2,160 25,000 25,000 None PreTSL 23 Pfd. Term Security 1 Preferred 74043baa7 3,628 37,500 37,500 None Red Lion Hotles 9.50% 2/19/44 Preferred 75670L104 2,141 81,250 81,250 Sole S Finance Pfd. (SANTAN) 6.8% S Preferred 80281R409 2,488 100,000 100,000 Sole Scottish Re Grp Ltd. 7.2500% S Preferred G73537402 12,980 577,400 577,400 Sole Southern Union 7.55% Yield Preferred 844030601 9,826 385,500 385,500 Sole Fannie Mae 5.375% Convertible 313586810 50,068 505 505 Sole Universal Corp. 6.75% Conv. Pe 913456307 36,407 25,000 25,000 Sole
Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 486 Form 13F Information Table Value Total: 14,525,504,076 (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-----