13F-HR 1 sdc786.txt 13F HOLDINGS REPORT 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, 2004 Check here if Amendment [ x ]; Amendment Number: This Amendment (Check only one.): [ x ] is a restatement. [ ] adds new holdings entries. Institutional investment Manager Filing this Report: Name: Keeley Asset Management Corp. Address: 401 S. LaSalle Street Suite 1201 Chicago, IL 60605 13F File Number: 28-6810 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: John L. Keeley, Jr. Title: President Phone: 312-786-5000 Signature, Place, and Date of Signing: John L. Keeley, Jr., Chicago, IL, June 30, 2004 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 223 Form 13F Information Table Value Total: 997,315.00 List of Other Included Managers: None FORM 13F INFORMATION TABLE
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8: ------------------------------------------------------------------------------------------------------------------------------------ Title Market of CUSIP Value Shares or Other Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority ------------------------------------------------------------------------------------------------------------------------------------ SH/ Put/ Shared- Shared- PRN Call Sole Defined Other Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ A E S Corp COM 00130H105 5,690 573,000 SH SOLE 260,000 313,000 Alleghany Energy Inc. COM 017361106 8,176 530,550 SH SOLE 401,330 129,220 Allegheny Tech Inc COM 01741r102 1,395 77,300 SH SOLE 77,300 Allstate Corp COM 020002101 4,625 99,350 SH SOLE 74,350 25,000 American Axl&Mfg Holdings COM 024061103 1,923 52,895 SH SOLE 52,895 Amerus Group Co COM 03072m108 681 16,450 SH SOLE 16,450 Ametek COM 031100100 1,267 41,000 SH SOLE 41,000 Apache Corp COM 037411105 6,850 157,280 SH SOLE 73,080 84,200 Aqua America Inc COM 03836w103 2,065 103,000 SH SOLE 103,000 Aztar Corp COM 054802103 6,348 226,730 SH SOLE 159,530 67,200 Bank Mutual Corp COM 063750103 2,407 220,845 SH SOLE 193,345 27,500 BankAtlantic Bancorp Cl A CL A 065908501 8,402 455,415 SH SOLE 334,770 120,645 Berkshire Hills Bancorp Inc. COM 084680107 8,486 228,730 SH SOLE 183,800 44,930 Boardwalk Bank Wts W EXP 12096611116 110 27,500 SH SOLE 27,500 Bowne & Co Inc COM 103043105 981 61,895 SH SOLE 61,895 Brinks Co COM 109696104 11,622 339,325 SH SOLE 254,970 84,355 Brookline Bancorp Inc COM 11373m107 3,364 229,330 SH SOLE 229,330 CFS Bancorp COM 12525d102 1,546 116,678 SH SOLE 95,314 21,364 C I T Group COM 125581108 15,153 395,740 SH SOLE 230,340 165,400 CMS Energy Corp COM 125896100 5,547 607,530 SH SOLE 449,780 157,750 Caesars Entertainment COM 127687101 1,440 96,000 SH SOLE 96,000 Calpine Corporation COM 131347106 173 40,000 SH SOLE 40,000 Canadian Pacific Limited COM 13645t100 2,936 119,200 SH SOLE 119,200 Carrizo Oil & Gas Inc COM 144577103 610 59,700 SH SOLE 59,700 Catellus Developement COM 149113102 6,934 281,293 SH SOLE 280,662 631 Centerpoint Energy Inc Holding COM 15189t107 2,701 234,900 SH SOLE 234,900 Ceridian Corp COM 156779100 4,601 204,505 SH SOLE 144,005 60,500 Certegy Inc COM 156880106 4,128 106,397 SH SOLE 73,397 33,000 Champion Enterprises COM 158496109 1,607 175,000 SH SOLE 175,000 Chesapeake Energy COM 165167107 2,704 183,700 SH SOLE 117,000 66,700 Chicago Bridge & Iron Company NY REGIS 167250109 12,932 464,330 SH SOLE 381,990 82,340 Choice Hotels Holding Inc COM 169905106 24,013 478,720 SH SOLE 331,220 147,500 Chiquita Brands Int'l Inc. COM 170032809 3,326 159,005 SH SOLE 145,195 13,810 Cimarex Energy Co COM 171798101 6,762 223,690 SH SOLE 149,930 73,760 Cincinnati Financial COM 172062101 797 18,307 SH SOLE 18,307 Circor Intl Inc COM 17273k109 4,190 205,505 SH SOLE 160,375 45,130 Citigroup Inc COM 172967101 596 12,816 SH SOLE 12,816 Citizens Communications COM 17453b101 380 31,419 SH SOLE 30,344 1,075 Citizens First Bancorp COM 17461r106 3,854 163,851 SH SOLE 153,686 10,165 Comerica COM 200340107 694 12,650 SH SOLE 12,650 Commercial Metals Co COM 201723103 9,569 294,876 SH SOLE 221,531 73,345 Compass Minerals Intl. Inc. COM 20451n101 1,357 70,000 SH SOLE 70,000 Comstock Resources Inc. COM 205768203 6,649 341,696 SH SOLE 241,626 100,070
FORM 13F INFORMATION TABLE
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8: ------------------------------------------------------------------------------------------------------------------------------------ Title Market of CUSIP Value Shares or Other Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority ------------------------------------------------------------------------------------------------------------------------------------ SH/ Put/ Shared- Shared- PRN Call Sole Defined Other Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ Conseco Inc. Wts exp. 9/10/200 W EXP 9/ 208464123 245 45,200 SH SOLE 45,200 Conseco Inc. New COM NEW 208464883 15,713 789,575 SH SOLE 515,235 274,340 Corn Products Intl Inc COM 219023108 8,238 176,970 SH SOLE 86,070 90,900 Corus Bankshares Inc COM 220873103 288 7,000 SH SOLE 7,000 Crane Co. COM 224399105 4,677 149,000 SH SOLE 106,000 43,000 Del Monte Foods Co. COM 24522P103 4,798 472,250 SH SOLE 313,725 158,525 Deltic Timber Corp COM 247850100 7,733 201,370 SH SOLE 146,270 55,100 Diamonds Trust Ser I Unit UNIT SER 252787106 283 2,700 SH SOLE 2,700 Dollar Thrifty Auto G COM 256743105 230 8,400 SH SOLE 8,400 Donnelly RR & Sons. Co. COM 257867101 5,079 153,830 SH SOLE 70,330 83,500 Dover Corp. COM 260003108 7,228 171,680 SH SOLE 84,180 87,500 Dun & Bradstreet COM 26483e100 14,881 276,032 SH SOLE 195,137 80,895 Duquesne Lt Hldgs Inc COM 266233105 8,994 465,790 SH SOLE 358,290 107,500 E*Trade Group Inc COM 269246104 362 32,500 SH SOLE 32,500 Encore Acquisition Co. COM 29255w100 1,395 50,000 SH SOLE 50,000 Energizer Holdings Inc. COM 29266r108 4,365 97,000 SH SOLE 64,000 33,000 Enpro Industries Inc. COM 29355x107 14,773 642,860 SH SOLE 502,185 140,675 Equifax Inc. COM 294429105 5,258 212,455 SH SOLE 149,175 63,280 FMC Technologies Inc. COM 30249u101 17,158 595,780 SH SOLE 405,380 190,400 Famous Dave Amer COM 307068106 471 61,300 SH SOLE 61,300 Federal Signal Corp. COM 313855108 1,172 63,000 SH SOLE 63,000 Fidelity National Financial In COM 316326107 10,793 289,051 SH SOLE 172,911 116,140 First Niagara Financial COM 33582v108 1,463 121,920 SH SOLE 121,920 Fleetwood Enterprises COM 339099103 393 27,000 SH SOLE 27,000 Florida Pub Utilities Company COM 341135101 995 55,000 SH SOLE 55,000 Flowers Foods Inc COM 343498101 20,233 773,735 SH SOLE 531,218 242,517 Flowserve Corp. COM 34354p105 1,538 61,675 SH SOLE 61,675 Fortune Brands COM 349631101 9,865 130,786 SH SOLE 76,656 54,130 Friedman Billings Ramsey Cl A CL A 358434108 377 19,050 SH SOLE 19,050 Furniture Brands Int'l Inc COM 360921100 4,218 168,380 SH SOLE 108,080 60,300 GP Strategies Corp. COM 36225v104 1,221 185,300 SH SOLE 185,300 Gardner Denver Inc COM 365558105 3,041 109,000 SH SOLE 51,000 58,000 Gaylord Entmt Co. COM 367905106 5,767 183,720 SH SOLE 144,720 39,000 Gray Television Inc COM 389375106 4,005 288,365 SH SOLE 169,765 118,600 Gray Television Cl A CL A 389375205 581 46,500 SH SOLE 46,500 Greenpoint Financial Corp COM 395384100 4,688 118,075 SH SOLE 113,775 4,300 Griffon Corp COM 398433102 5,137 230,560 SH SOLE 230,560 Harbor FL Bancshares COM 411901101 3,317 120,580 SH SOLE 83,880 36,700 Hartford Financial Svcs Group COM 416515104 8,256 120,100 SH SOLE 66,300 53,800 Harvest Natural Resources Inc. COM 41754v103 2,594 174,000 SH SOLE 174,000 Hearst-Argyle Television COM 422317107 6,464 250,735 SH SOLE 133,235 117,500 Honeywell COM 438516106 7,422 202,610 SH SOLE 102,410 100,200 Hudson City Bancorp Inc. COM 443683107 5,291 158,230 SH SOLE 126,030 32,200 Hudson River Bancorp Inc COM 444128102 3,874 226,930 SH SOLE 214,530 12,400 IHOP Corporation COM 449623107 3,985 111,425 SH SOLE 67,125 44,300 ITT Corp. COM 450911102 9,927 119,605 SH SOLE 77,475 42,130 Illinois Tool Works COM 452308109 268 2,800 SH SOLE 2,800 Interactive Data Corp COM 45840j107 4,016 230,550 SH SOLE 215,550 15,000 International Stl Group Inc COM 460377104 417 14,000 SH SOLE 14,000
FORM 13F INFORMATION TABLE
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8: ------------------------------------------------------------------------------------------------------------------------------------ Title Market of CUSIP Value Shares or Other Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority ------------------------------------------------------------------------------------------------------------------------------------ SH/ Put/ Shared- Shared- PRN Call Sole Defined Other Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ IShares Russell 2000 RUSSELL 464287655 726 6,150 SH SOLE 6,150 IShares Tr Dow Jones US Finl S DJ US FI464287788 449 5,000 SH SOLE 5,000 Jacuzzi Brands Inc COM 469865109 983 122,000 SH SOLE 122,000 Jefferies Group Inc. COM 472319102 7,098 229,570 SH SOLE 177,670 51,900 Journal Communication Inc. CL A 481130102 4,565 242,410 SH SOLE 149,710 92,700 Journal Register Co COM 481138105 5,551 277,535 SH SOLE 183,335 94,200 Joy Global Inc COM 481165108 9,967 332,906 SH SOLE 254,166 78,740 KCS Energy Inc COM 482434206 6,763 507,715 SH SOLE 369,115 138,600 KFX Inc. COM 48245l107 366 48,000 SH SOLE 48,000 Kansas City Southern Ind Inc COM NEW 485170302 8,611 555,572 SH SOLE 418,442 137,130 Key Energy Service COM 492914106 2,912 308,485 SH SOLE 230,285 78,200 Laidlaw Intl Inc COM 50730r102 6,687 515,985 SH SOLE 377,635 138,350 Leggett & Platt Inc. COM 524660107 240 9,000 SH SOLE 9,000 Lennar Corp Cl A CL A 526057104 1,401 31,318 SH SOLE 31,318 Leucadia National Corp COM 527288104 11,693 235,273 SH SOLE 135,273 100,000 Levitt Corp FL Cl A CL A 52742p108 9,566 371,354 SH SOLE 281,054 90,300 Liberty Media Corp Ser A COM SER 530718105 1,708 190,000 SH SOLE 190,000 Liberty Media Intl Inc Ser A COM SER 530719103 352 9,500 SH SOLE 9,500 Limited Brands Inc COM 532716107 2,217 118,565 SH SOLE 118,565 Lindsay Mfg Co COM 535555106 1,146 47,700 SH SOLE 47,700 Longview Fibre Co Washington COM 543213102 6,059 411,355 SH SOLE 255,955 155,400 MAF Bancorp Inc COM 55261R108 435 10,200 SH SOLE 10,200 Magnum Hunter Res Wts Exp 3/22 W EXP 3/ 55972f138 26 52,702 SH SOLE 38,126 14,576 Magnum Hunter Res COM 55972f203 6,914 666,125 SH SOLE 493,375 172,750 Manitowoc Company Inc. COM 563571108 1,503 44,400 SH SOLE 40,200 4,200 Marathon Oil Corp COM 565849106 3,928 103,800 SH SOLE 68,800 35,000 Marcus Corp. COM 566330106 1,208 70,000 SH SOLE 70,000 Marshall & Ilsley Corp COM 571834100 250 6,400 SH SOLE 6,400 Marriott Intl Cl A CL A 571903202 6,862 137,580 SH SOLE 70,700 66,880 Martin Marietta Mater COM 573284106 4,581 103,330 SH SOLE 73,540 29,790 Masco Corp. COM 574599106 6,298 201,987 SH SOLE 148,487 53,500 Massey Energy Co. COM 576206106 8,217 291,275 SH SOLE 207,175 84,100 McDermott Int'l COM 580037109 523 51,500 SH SOLE 51,500 McMoran Exploration Co. COM 582411104 405 26,000 SH SOLE 26,000 Meadowbrook Insurance Group In COM 58319p108 1,113 210,000 SH SOLE 210,000 Media General Inc CL A 584404107 7,674 119,495 SH SOLE 71,945 47,550 Meredith Corp. COM 589433101 9,716 176,780 SH SOLE 113,480 63,300 Merrill Lynch & Co. COM 590188108 495 9,175 SH SOLE 9,175 Methode Electrs COM 591520200 8,148 628,243 SH SOLE 469,343 158,900 MetLife Inc COM 59156r108 7,985 222,725 SH SOLE 127,725 95,000 Moody Corp COM 615369105 9,859 152,480 SH SOLE 96,880 55,600 Moog Inc. Cl A CL A 615394202 2,781 74,950 SH SOLE 52,950 22,000 Moog Inc. Cl B CL B 615394301 1,019 27,000 SH SOLE 27,000 Neiman Marcus Group Cl B CL B 640204301 5,290 102,130 SH SOLE 76,610 25,520 New York Times Cl A CL A 650111107 746 16,680 SH SOLE 16,680 New Alliance Bancshares Inc COM 650203102 9,606 688,121 SH SOLE 544,696 143,425 Nordstrom Inc. COM 655664100 303 7,100 SH SOLE 7,100 Occidental Petroleum COM 674599105 6,368 131,550 SH SOLE 98,000 33,550 Oceaneering Intl Inc COM 675232102 212 6,200 SH SOLE 6,200 OceanFirst Financial Corp COM 675234108 895 37,385 SH SOLE 37,385 Old Republic Intl COM 680223104 12,686 534,844 SH SOLE 325,994 208,850 Oregon Stl Mills Inc COM 686079104 2,358 160,000 SH SOLE 160,000 Partners Trust Financial Group COM 70213a103 2,445 124,730 SH SOLE 124,435 295 Pepsi Bottling Group Inc. COM 713409100 2,820 92,325 SH SOLE 92,325 Pepsico Inc COM 713448108 3,982 73,910 SH SOLE 47,700 26,210 Phoenix Cos Inc COM 71902e109 6,437 525,370 SH SOLE 374,370 151,000 Pinnacle Entertainment Inc. COM 723456109 1,501 119,000 SH SOLE 119,000 Pioneer Natural Resources COM 723787107 6,130 174,730 SH SOLE 98,530 76,200 Piper Jaffray Inc COM 724078100 1,108 24,500 SH SOLE 24,500 Plains Expl & Prod Co COM 726505100 9,759 531,830 SH SOLE 401,480 130,350 Prime Hospitality Corp COM 741917108 3,831 360,700 SH SOLE 205,600 155,100 Principal Financial Group Inc. COM 74251v102 8,632 248,180 SH SOLE 148,480 99,700 Private Bancorp Inc. COM 742962103 1,704 62,000 SH SOLE 62,000 Providence & Worcester RR COM 743737108 2,973 283,185 SH SOLE 03,385 79,800 Provident Finl Holding Inc COM 743868101 1,188 50,230 SH SOLE 50,230 Provident Financial Services COM 74386t105 9,996 569,581 SH SOLE 343,111 226,470 Prudential Financial Inc. COM 744320102 9,018 194,060 SH SOLE 113,400 80,660 Pulitzer Pubg Co COM 745769109 5,349 109,390 SH SOLE 73,390 36,000 Quicksilver Res Inc COM 74837r104 2,991 44,600 SH SOLE 44,600 R & G Finl Corp Cl B COM 749136107 331 10,000 SH SOLE 10,000
FORM 13F INFORMATION TABLE
Column 1: Column 2: Column 3: Column 4: Column 5: Column 6: Column 7: Column 8: ------------------------------------------------------------------------------------------------------------------------------------ Title Market of CUSIP Value Shares or Other Name of Issuer Class Number (x$1,000) Principal Amount Investment Discretion Managers Voting Authority ------------------------------------------------------------------------------------------------------------------------------------ SH/ Put/ Shared- Shared- PRN Call Sole Defined Other Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ RH Donnelly Corp. COM NEW 74955w307 3,928 89,800 SH SOLE 89,595 205 Rainier Pacific Financial Grou COM 75087u101 295 18,070 SH SOLE 18,070 Ralcorp Holdings Inc COM 751028101 10,816 307,265 SH SOLE 254,785 52,480 Range Resources Corp. COM 75281a109 423 29,000 SH SOLE 29,000 Regal Beloit Corp. COM 758750103 2,718 122,100 SH SOLE 85,600 36,500 Regional Bk Holders Trust DEPOSITR 75902e100 783 6,000 SH SOLE 6,000 Reliant Resources Inc COM 75952B105 2,759 254,800 SH SOLE 254,800 Remington Oil & Gas Corp. COM 759594302 4,573 193,770 SH SOLE 101,670 92,100 Rockwell Automation Corp. COM 773903109 10,959 292,170 SH SOLE 157,510 134,660 Ryder Systems COM 783549108 3,967 99,000 SH SOLE 66,000 33,000 Ryerson Tull Inc. New COM 78375P107 1,564 98,500 SH SOLE 98,500 SPDR Trust Ser 1 Unit UNIT SER78462f103 882 7,700 SH SOLE 7,700 St. Joe Corp. COM 790148100 9,974 251,225 SH SOLE 168,175 83,050 Sara Lee Corp COM 803111103 1,150 50,000 SH SOLE 50,000 Sauer Danfoss Inc. COM 804137107 2,640 154,650 SH SOLE 108,950 45,700 Spdr FD Materials Select Sect SBI MATE81369y100 402 15,000 SH SOLE 15,000 Sector Sdpr Industrial SBI INT-81369y704 401 14,000 SH SOLE 14,000 ServiceMaster Co COM 81760n109 203 16,500 SH SOLE 16,500 Smucker JM Co. COM NEW 832696405 11,000 239,598 SH SOLE 136,883 102,715 Soverign Bancorp Inc. COM 845905108 221 10,000 SH SOLE 10,000 Spinnaker Exploration Co. COM 84855w109 3,578 90,860 SH SOLE 90,860 Stage Stores Inc COM 85254c305 2,229 59,175 SH SOLE 59,175 Stancorp Financial Corp COM 852891100 3,321 49,570 SH SOLE 49,570 Steak N Shake COM 857873103 3,836 210,520 SH SOLE 127,220 83,300 Sybron Dental Specialties Inc. COM 871142105 17,734 594,100 SH SOLE 392,940 201,160 Target Corp COM 87612e106 203 4,775 SH SOLE 4,775 Tenneco Inc COM 880349105 3,136 237,000 SH SOLE 179,100 57,900 Terex Corp. COM 880779103 8,804 257,950 SH SOLE 201,450 56,500 Texas Genco Holdings Inc COM 882443104 3,994 88,583 SH SOLE 65,583 23,000 Textron COM 883203101 8,367 140,985 SH SOLE 76,685 64,300 Thomas & Betts Corp. COM 884315102 4,031 148,020 SH SOLE 77,020 71,000 Thomas Indust COM 884425109 4,844 145,900 SH SOLE 145,900 Thor Inds. COM 885160101 228 6,800 SH SOLE 6,800 Tierone Corporation COM 88650r108 6,463 300,475 SH SOLE 223,205 77,270 Timken Co. COM 887389104 3,610 136,210 SH SOLE 135,610 600 Titan Intl. Inc. COM 88830m102 1,132 110,000 SH SOLE 110,000 Triarc Co. Inc. CL A 895927101 3,138 303,745 SH SOLE 215,020 88,725 Triarc Co Inc Cl B Ser I CL B SER895927309 3,863 379,890 SH SOLE 292,740 87,150 Tyco Intl Inc. COM 902124106 497 15,000 SH SOLE 15,000 Tyler Corp COM 902252105 1,627 171,960 SH SOLE 171,960 Union Pacific Corp COM 907818108 5,479 92,163 SH SOLE 52,363 39,800 Unionbancal Corp COM 908906100 581 10,300 SH SOLE 10,300 USX U S Steel COM 912909108 597 17,000 SH SOLE 17,000 Unitrin Inc COM 913275103 13,839 324,861 SH SOLE 223,611 101,250 Viacom Inc Cl B CL B 925524308 2,072 58,000 SH SOLE 58,000 W Holding Company Inc. COM 929251106 300 17,500 SH SOLE 17,500 Wabtec COM 929740108 3,903 216,372 SH SOLE 207,972 8,400 Waddell & Reed Fin Cl A CL A 930059100 10,129 458,110 SH SOLE 262,110 196,000 Wal Mart Stores COM 931142103 306 5,800 SH SOLE 5,800 Water Pik Technologies Inc. COM 94113u100 6,771 408,860 SH SOLE 337,095 71,765 Watts Water Technologies Cl A CL A 942749102 2,205 81,810 SH SOLE 75,010 6,800 Webster Finl Corp Waterbury CT COM 947890109 8,045 171,105 SH SOLE 64,005 107,100 Wesco International Inc. COM 95082p105 7,202 391,415 SH SOLE 273,015 118,400 Westar Energy Inc COM 95709t100 15,405 773,745 SH SOLE 489,685 284,060 Western Gas Resourse Inc. COM 958259103 1,819 56,000 SH SOLE 56,000 Westwood Hldg Group COM 961765104 1,035 57,500 SH SOLE 57,500 Williams Cos. COM 969457100 2,448 205,700 SH SOLE 205,700 Wintrust Financial Corp COM 97650W108 1,212 24,000 SH SOLE 24,000 Wolverine Tube Inc. COM 978093102 2,093 192,000 SH SOLE 192,000 Ingersoll Rand CL A g4776G101 6,560 96,035 SH SOLE 47,435 48,600 WP Stewart & Co. Ltd. COM g84922106 281 13,721 SH SOLE 13,521 200