13F-HR/A 1 sdc893.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: December 31, 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, February 11, 2005 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: 250 Form 13F Information Table Value Total: 1,325,328.00 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 7,527 550,600 SH SOLE 290,000 260,600 Ace Ltd. COM G0070K103 363 8,500 SH SOLE 8,500 Adesa Inc COM 00686u104 8,333 392,695 SH SOLE 301,995 90,700 AK Steel Hldg Corp COM 001547108 4,148 286,670 SH SOLE 286,670 Alleghany Energy Inc. COM 017361106 11,008 558,485 SH SOLE 402,980 155,505 Allegheny Tech Inc COM 01741r102 8,023 370,250 SH SOLE 270,350 99,900 Allstate Corp COM 020002101 3,382 65,400 SH SOLE 65,400 Amerco COM 023586100 6,529 142,000 SH SOLE 97,100 44,900 Amerus Group Co COM 03072m108 487 10,750 SH SOLE 10,750 Ametek COM 031100100 2,393 67,100 SH SOLE 55,000 12,100 Apache Corp COM 037411105 6,932 137,080 SH SOLE 68,080 69,000 Aqua America Inc COM 03836w103 2,582 105,000 SH SOLE 105,000 Aquila Inc COM 03840p102 2,483 673,000 SH SOLE 673,000 Arch Coal Inc. COM 039380100 462 13,000 SH SOLE 13,000 Avaya Inc COM 053499109 225 13,100 SH SOLE 13,100 Aztar Corp COM 054802103 9,436 270,220 SH SOLE 189,120 81,100 Bank of America COM 060505104 775 16,500 SH SOLE 16,500 Bank Mutual Corp COM 063750103 2,006 164,810 SH SOLE 164,810 BankAtlantic Bancorp Cl CL A 065908501 10,292 517,210 SH SOLE 374,470 142,740 Berkshire Hills Bancorp COM 084680107 2,178 58,620 SH SOLE 58,350 270 Blockbuster Inc. CL A 093679108 3,158 331,000 SH SOLE 331,000 Boardwalk Bank Wts *W EXP 120966111 16168 25,000 SH SOLE 25,000 Brinks Co COM 109696104 14,343 362,925 SH SOLE 271,975 90,950 Brookline Bancorp Inc COM 11373m107 2,199 134,720 SH SOLE 134,720 Brush Engineered Matl I COM 117421107 2,313 125,000 SH SOLE 125,000 Bucyrus International CL A 118759109 10,182 250,535 SH SOLE 188,835 61,700 C I T Group COM 125581108 18,912 412,740 SH SOLE 250,640 162,100 Calpine Corporation COM 131347106 2,679 680,000 SH SOLE 680,000 Canadian Pacific Limite COM 13645t100 4,266 123,990 SH SOLE 123,990 Catellus Developement COM 149113102 8,162 266,729 SH SOLE 265,858 871 Centerpoint Energy Inc COM 15189t107 10,226 904,955 SH SOLE 632,855 272,100 Certegy Inc COM 156880106 1,437 40,452 SH SOLE 13,452 27,000 Champion Enterprises COM 158496109 6,045 511,380 SH SOLE 430,280 81,100 Chemed Corp COM 16359r103 215 3,200 SH SOLE 3,200 Chesapeake Energy COM 165167107 3,869 234,500 SH SOLE 143,000 91,500 Chicago Bridge & Iron C COM NY REGIST 19,351 483,775 SH SOLE 394,040 89,735 Choice Hotels Holding I COM 169905106 7,262 125,215 SH SOLE 73,815 51,400 Cimarex Energy Co COM 171798101 9,789 258,295 SH SOLE 172,635 85,660 Cincinnati Financial COM 172062101 747 16,886 SH SOLE 16,886
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 ------------------------------------------------------------------------------------------------------------------------------------ Circor Intl Inc COM 17273k109 6,897 297,790 SH SOLE 231,035 66,755 Citigroup Inc COM 172967101 598 12,416 SH SOLE 12,416 Citizens First Bancorp COM 17461r106 6,371 263,476 SH SOLE 253,011 10,465 CMS Energy Corp COM 125896100 9,942 951,375 SH SOLE 701,935 249,440 Comerica COM 200340107 473 7,750 SH SOLE 7,750 Commercial Metals Co COM 201723103 16,322 322,816 SH SOLE 239,596 83,220 Compass Minerals Intl. COM 20451n101 2,544 105,000 SH SOLE 105,000 Comstock Resources Inc. COM 205768203 8,628 391,287 SH SOLE 270,567 120,720 Conseco Inc. New COM 208464883 18,836 944,175 SH SOLE 645,735 298,440 Corn Products Intl Inc COM 219023108 8,585 160,290 SH SOLE 87,190 73,100 Corus Bankshares Inc COM 220873103 336 7,000 SH SOLE 7,000 Crane Co. COM 224399105 5,999 208,000 SH SOLE 164,000 44,000 Crawford & Co. Cl B CL B 224633107 2,400 320,000 SH SOLE 320,000 Danielson Holding Corp. COM 236274106 7,747 916,800 SH SOLE 695,400 221,400 Del Monte Foods Co. COM 24522P103 7,786 706,510 SH SOLE 507,675 198,835 Deltic Timber Corp COM 247850100 9,679 228,020 SH SOLE 172,050 55,970 Diamonds Trust Ser I Un UNIT SER 252787106 355 3,300 SH SOLE 3,300 Dillard Dept Stores CL A 254067101 12,801 476,395 SH SOLE 342,695 133,700 Dollar Thrifty Auto G COM 256743105 254 8,400 SH SOLE 8,400 Donnelly RR & Sons. Co. COM 257867101 6,091 172,590 SH SOLE 82,690 89,900 Dover Corp. COM 260003108 7,226 172,295 SH SOLE 94,095 78,200 Dun & Bradstreet COM 26483e100 13,668 229,137 SH SOLE 170,217 58,920 Duquesne Lt Hldgs Inc COM 266233105 10,761 570,895 SH SOLE 439,695 131,200 E*Trade Group Inc COM 269246104 486 32,500 SH SOLE 32,500 El Paso Corporation COM 28336l109 2,964 285,000 SH SOLE 285,000 Encore Acquisition Co. COM 29255w100 2,339 67,000 SH SOLE 67,000 Enpro Industries Inc. COM 29355x107 19,736 667,424 SH SOLE 511,149 156,275 Equifax Inc. COM 294429105 5,252 186,895 SH SOLE 147,695 39,200 Fidelity National Finan COM 316326107 13,658 299,061 SH SOLE 189,521 109,540 First Niagara Financial COM 33582v108 2,354 168,715 SH SOLE 168,715 Fleetwood Enterprises COM 339099103 2,887 214,500 SH SOLE 214,500 Florida Pub Utilities C COM 341135101 1,551 81,000 SH SOLE 81,000 Flowers Foods Inc COM 343498101 25,719 814,401 SH SOLE 564,339 250,062 Flowserve Corp. COM 34354p105 2,921 106,075 SH SOLE 90,675 15,400 FMC Technologies Inc. COM 30249u101 20,097 624,125 SH SOLE 432,825 191,300 Fortune Brands COM 349631101 9,958 129,021 SH SOLE 79,691 49,330
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 ------------------------------------------------------------------------------------------------------------------------------------ Foundation Coal Holding COM 35039w100 11,361 492,660 SH SOLE 368,975 123,685 Friedman Billings Ramse CL A 358434108 515 26,550 SH SOLE 26,550 Furniture Brands Int'l COM 360921100 4,041 161,315 SH SOLE 146,415 14,900 Gardner Denver Inc COM 365558105 5,581 153,800 SH SOLE 80,000 73,800 Gaylord Entmt Co. COM 367905106 10,382 249,980 SH SOLE 218,480 31,500 General Cable Corp. COM 369300108 3,414 246,500 SH SOLE 246,500 Giant Inds. Inc. COM 374508109 424 16,000 SH SOLE 16,000 Global Power Equipment COM 37941P108 2,878 292,500 SH SOLE 292,500 Goodrich Petroleum Corp COM 382410405 4,740 292,400 SH SOLE 204,000 88,400 Goodyear Tire & Rubber COM 382550101 513 35,000 SH SOLE 35,000 GP Strategies Corp. COM 36225v104 1,913 256,800 SH SOLE 256,800 Gray Television Cl A CL A 389375205 658 46,500 SH SOLE 46,500 Gray Television Inc COM 389375106 5,872 378,865 SH SOLE 228,265 150,600 Griffon Corp COM 398433102 7,424 274,965 SH SOLE 257,665 17,300 Harbor FL Bancshares COM 411901101 380 10,980 SH SOLE 10,980 Hartford Financial Svcs COM 416515104 7,855 113,335 SH SOLE 64,935 48,400 Harvest Natural Resourc COM 41754v103 3,316 192,000 SH SOLE 192,000 Hearst-Argyle Televisio COM 422317107 7,147 270,910 SH SOLE 163,610 107,300 HomeFederal Bancorp COM 43709a101 1,622 129,219 SH SOLE 129,219 Honeywell COM 438516106 6,822 192,660 SH SOLE 101,260 91,400 Hornbeck Offshores Serv COM 440543106 386 20,000 SH SOLE 20,000 IHOP Corporation COM 449623107 5,756 137,410 SH SOLE 92,410 45,000 Illinois Tool Works COM 452308109 260 2,800 SH SOLE 2,800 Independent Bank Corp - COM 453838104 447 15,000 SH SOLE 15,000 Ingersoll Rand CL A G4776G101 7,448 92,755 SH SOLE 48,255 44,500 Interactive Data Corp COM 45840j107 5,984 275,245 SH SOLE 240,845 34,400 IShares Inc MSCI Singap MSCI SING 464286673 396 55,200 SH SOLE 55,200 IShares Russell 2000 RUSSELL 2 464287655 796 6,150 SH SOLE 6,150 ITT Corp. COM 450911102 9,930 117,590 SH SOLE 80,260 37,330 Jacuzzi Brands Inc COM 469865109 2,531 290,900 SH SOLE 250,000 40,900 Jefferies Group Inc. COM 472319102 9,828 243,985 SH SOLE 180,285 63,700 Journal Communication I COM 481130102 1,471 81,415 SH SOLE 81,415 Journal Register Co COM 481138105 5,790 299,535 SH SOLE 230,135 69,400 Joy Global Inc COM 481165108 15,518 357,322 SH SOLE 268,502 88,820 JP Morgan Chase & Co COM 46625h100 527 13,500 SH SOLE 13,500
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 ------------------------------------------------------------------------------------------------------------------------------------ Kansas City Southern In COM 485170302 11,839 667,722 SH SOLE 503,447 164,275 KCS Energy Inc COM 482434206 9,306 629,610 SH SOLE 452,310 177,300 Key Energy Service COM 492914106 5,034 426,605 SH SOLE 308,205 118,400 KFX Inc. COM 48245l107 2,977 205,000 SH SOLE 205,000 Labranche & Co. Inc. COM 505447102 2,509 280,000 SH SOLE 280,000 Laidlaw Intl Inc COM 50730r102 12,541 586,015 SH SOLE 420,805 165,210 Las Vegas Sands Corp COM 517834107 504 10,500 SH SOLE 10,500 Leucadia National Corp COM 527288104 17,249 248,253 SH SOLE 147,453 100,800 Levitt Corp FL Cl A COM 52742p108 12,652 413,859 SH SOLE 304,304 109,555 Limited Brands Inc COM 532716107 2,844 123,565 SH SOLE 123,565 Lindsay Mfg Co COM 535555106 2,296 88,700 SH SOLE 88,700 Longview Fibre Co Washi COM 543213102 8,687 478,890 SH SOLE 295,690 183,200 MAF Bancorp Inc COM 55261R108 323 7,200 SH SOLE 7,200 Magnum Hunter Res COM PAR $ 55972f203 11,035 855,400 SH SOLE 642,865 212,535 Manitowoc Company Inc. COM 563571108 2,636 70,000 SH SOLE 55,200 14,800 Marathon Oil Corp COM 565849106 2,588 68,800 SH SOLE 68,800 Marcus Corp. COM 566330106 2,615 104,000 SH SOLE 104,000 Marriott Intl Cl A CL A 571903202 8,248 130,965 SH SOLE 70,735 60,230 Marshall & Ilsley Corp COM 571834100 725 16,400 SH SOLE 16,400 Martin Marietta Mater COM 573284106 5,377 100,205 SH SOLE 75,215 24,990 Masco Corp. COM 574599106 7,476 204,662 SH SOLE 155,162 49,500 Massey Energy Co. COM 576206106 11,301 323,355 SH SOLE 225,655 97,700 McDermott Int'l COM 580037109 12,284 669,040 SH SOLE 506,705 162,335 Meadowbrook Insurance G COM 58319p108 1,447 290,000 SH SOLE 290,000 Media General Inc CL A 584404107 223 3,445 SH SOLE 3,445 Mercer Insurance Group COM 587902107 271 20,200 SH SOLE 20,200 Meredith Corp. COM 589433101 4,656 85,895 SH SOLE 85,895 Merrill Lynch & Co. COM 590188108 489 8,175 SH SOLE 8,175 Methode Electrs Cl A COM 591520200 9,395 731,128 SH SOLE 545,258 185,870 MetLife Inc COM 59156r108 8,737 215,665 SH SOLE 130,265 85,400 MoneyGram Intl Inc COM 60935y109 8,658 409,550 SH SOLE 279,950 129,600 Moody Corp COM 615369105 11,833 136,245 SH SOLE 96,845 39,400 Moog Inc. Cl A CL A 615394202 3,426 75,555 SH SOLE 53,055 22,500 Moog Inc. Cl B CL B 615394301 1,894 42,000 SH SOLE 42,000 Neenah Paper COM 640079109 2,608 80,000 SH SOLE 80,000 Neiman Marcus Group Cl CL B 640204301 6,627 99,205 SH SOLE 77,885 21,320 New York Times Cl A CL A 650111107 280 6,855 SH SOLE 6,855
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 ------------------------------------------------------------------------------------------------------------------------------------ NewAlliance Bancshares COM 650203102 13,031 851,686 SH SOLE 677,461 174,225 Newell Cos Inc. COM 651192106 8,072 333,700 SH SOLE 210,700 123,000 Nordstrom Inc. COM 655664100 332 7,100 SH SOLE 7,100 North Folk Bancorp Inc. COM 659424105 5,602 194,168 SH SOLE 187,387 6,781 Northern Trust Corp. COM 665859104 583 12,000 SH SOLE 12,000 Nuveen Investment Inc C CL A 67090f106 552 13,975 SH SOLE 13,975 Occidental Petroleum COM 674599105 6,656 114,050 SH SOLE 91,000 23,050 Oceaneering Intl Inc COM 675232102 231 6,200 SH SOLE 6,200 Old Republic Intl COM 680223104 10,628 420,066 SH SOLE 216,216 203,850 Oregon Steel Mills Inc COM 686079104 11,074 545,805 SH SOLE 433,405 112,400 Partners Trust Financia COM 70213f102 2,552 219,044 SH SOLE 219,044 Pentair Inc. COM 709631105 253 5,800 SH SOLE 5,800 Pepsi Bottling Group In COM 713409100 2,496 92,325 SH SOLE 92,325 Phoenix Cos Inc COM 71902e109 7,726 618,075 SH SOLE 435,375 182,700 Pinnacle Entertainment COM 723456109 2,522 127,500 SH SOLE 127,500 Pioneer Natural Resourc COM 723787107 7,627 217,280 SH SOLE 135,480 81,800 Piper Jaffray Inc COM 724078100 2,589 54,000 SH SOLE 54,000 Plains Expl & Prod Co COM 726505100 14,486 557,135 SH SOLE 419,800 137,335 Principal Financial Gro COM 74251v102 10,545 257,580 SH SOLE 157,980 99,600 Private Bancorp Inc. COM 742962103 1,998 62,000 SH SOLE 62,000 Proquest Co COM 74346p102 217 7,300 SH SOLE 7,300 Providence & Worcester COM 743737108 4,246 314,720 SH SOLE 228,720 86,000 Provident Financial Ser COM 74386t105 946 48,835 SH SOLE 39,570 9,265 Provident Finl Holding COM 743868101 1,064 36,935 SH SOLE 36,935 Prudential Financial In COM 744320102 10,855 197,500 SH SOLE 123,540 73,960 Pulitzer Pubg Co COM 745769109 7,007 108,050 SH SOLE 89,250 18,800 Quicksilver Res Inc COM 74837r104 2,508 68,200 SH SOLE 68,200 R & G Finl Corp Cl B COM 749136107 350 9,000 SH SOLE 9,000 Rainier Pacific Financi COM 75087u101 533 29,781 SH SOLE 29,781 Ralcorp Holdings Inc COM 751028101 13,718 327,175 SH SOLE 265,515 61,660 Range Resources Corp. COM 75281a109 5,633 275,300 SH SOLE 185,200 90,100 Regal Beloit Corp. COM 758750103 5,079 177,600 SH SOLE 123,600 54,000 Regional Bk Holders Tru DEPOSITRY 75902e100 483 3,400 SH SOLE 3,400 Reliant Energy Inc COM 75952B105 3,615 264,800 SH SOLE 264,800 Remington Oil & Gas Cor COM 759594302 7,789 285,820 SH SOLE 177,620 108,200 RH Donnelly Corp. COM 74955w307 5,129 86,865 SH SOLE 86,660 205 Rockwell Automation Cor COM 773903109 13,862 279,755 SH SOLE 162,995 116,760 RPM International Inc. COM 749685103 271 13,800 SH SOLE 13,800 Ryerson Tull Inc. New COM 78375P107 2,244 142,500 SH SOLE 142,500
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 ------------------------------------------------------------------------------------------------------------------------------------ Streettracks Gold Tr. G GOLD SHS 863307104 263 6,000 SH SOLE 6,000 Sauer Danfoss Inc. COM 804137107 3,571 163,750 SH SOLE 116,950 46,800 Saxon Capital Inc. COM 80556t106 360 15,000 SH SOLE 15,000 Sector Sdpr Industrial SBI INT-I 81369y704 435 14,000 SH SOLE 14,000 ServiceMaster Co COM 81760n109 228 16,500 SH SOLE 16,500 ShopKo COM 824911101 3,282 175,700 SH SOLE 140,000 35,700 Smucker JM Co. COM 832696405 8,717 185,199 SH SOLE 110,824 74,375 Southern Union Co COM 844030106 6,233 259,910 SH SOLE 149,310 110,600 Soverign Bancorp Inc. COM 845905108 395 17,500 SH SOLE 17,500 Spdr Fd Financial SBI INT-F 81369Y605 305 10,000 SH SOLE 10,000 Spdr FD Materials Selec SBI MATER 81369y100 446 15,000 SH SOLE 15,000 SPDR Trust Ser 1 Unit UNIT SER 78462f103 931 7,700 SH SOLE 7,700 Spinnaker Exploration C COM 84855w109 4,127 117,680 SH SOLE 106,980 10,700 Sprint Corp COM FON 852061100 234 9,400 SH SOLE 9,400 St. Joe Corp. COM 790148100 11765.93 262,120 SH SOLE 183,270 78,850 Stage Stores Inc COM 85254c305 2,462 59,295 SH SOLE 59,295 Stancorp Financial Corp COM 852891100 3,928 47,615 SH SOLE 47,615 Standard Pkg Corp COM 853790103 1,458 95,027 SH SOLE 95,027 Steak N Shake COM 857873103 6,097 303,640 SH SOLE 196,440 107,200 Superior Essex Inc COM 86815v105 376 20,000 SH SOLE 20,000 SWS Group Inc. COM 78503n107 2,521 115,000 SH SOLE 115,000 Sybron Dental Specialti COM 871142105 22,585 638,350 SH SOLE 435,970 202,380 Teledyne COM 879360105 2,284 77,600 SH SOLE 77,600 Tenneco Inc COM 880349105 4,110 238,400 SH SOLE 179,100 59,300 Terex Corp. COM 880779103 13,111 275,150 SH SOLE 210,350 64,800 Texas Indust COM 882491103 4,491 72,000 SH SOLE 72,000 Textron COM 883203101 10,312 139,735 SH SOLE 80,035 59,700 Thomas & Betts Corp. COM 884315102 7,493 243,675 SH SOLE 156,275 87,400 Thomas Indust COM 884425109 4,513 113,045 SH SOLE 113,045 Thor Inds. COM 885160101 252 6,800 SH SOLE 6,800 Tierone Corporation COM 88650r108 8,747 352,006 SH SOLE 275,236 76,770 Timken Co. COM 887389104 4,528 174,016 SH SOLE 157,876 16,140 Titan Intl. Inc. COM 88830m102 2,492 165,000 SH SOLE 165,000 Transocean Inc ORD g90078109 509 12,000 SH SOLE 12,000 Triarc Co Inc Cl B Ser CL B SER 895927309 4,606 375,730 SH SOLE 289,580 86,150 Triarc Co. Inc. CL A 895927101 6,241 480,112 SH SOLE 340,192 139,920 Tyco Intl Inc. COM 902124106 536 15,000 SH SOLE 15,000 Tyler Corp COM 902252105 1,847 220,960 SH SOLE 220,960
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 ------------------------------------------------------------------------------------------------------------------------------------ Union Pacific Corp COM 907818108 3,939 58,578 SH SOLE 58,578 Unionbancal Corp COM 908906100 535 8,300 SH SOLE 8,300 United Financial Corp COM 909919102 215 8,955 SH SOLE 8,955 Unitrin Inc COM 913275103 15,369 338,142 SH SOLE 238,592 99,550 USX U S Steel COM 912909108 948 18,500 SH SOLE 18,500 Vail Resorts Inc. COM 91879q109 2,668 119,000 SH SOLE 119,000 Van Der Moolen Hldg. SPONSORED 921020103 2,666 351,300 SH SOLE 351,300 Viacom Inc Cl B CL B 925524308 2,547 70,000 SH SOLE 70,000 W Holding Company Inc. COM 929251106 374 16,320 SH SOLE 16,320 Wabtec COM 929740108 5,958 279,447 SH SOLE 250,147 29,300 Waddell & Reed Fin Cl A CL A 930059100 12,023 503,275 SH SOLE 301,575 201,700 Wal Mart Stores COM 931142103 306 5,800 SH SOLE 5,800 Walter Industries COM 93317Q105 3,036 90,000 SH SOLE 90,000 Water Pik Technologies COM 94113u100 7,886 444,780 SH SOLE 371,455 73,325 Watts Water Technologie CL A 942749102 3,308 102,610 SH SOLE 82,010 20,600 WCI Cmntys Inc COM 92923c104 2,499 85,000 SH SOLE 85,000 Webster Finl Corp Water COM 947890109 8,395 165,780 SH SOLE 65,680 100,100 Wesco International Inc COM 95082p105 13,310 449,045 SH SOLE 316,145 132,900 Westar Energy Inc COM 95709t100 18,527 810,087 SH SOLE 525,392 284,695 Western Gas Resourse In COM 958259103 1,755 60,000 SH SOLE 60,000 Westwood Hldg Group COM 961765104 1,655 84,000 SH SOLE 84,000 Willbros Group Inc COM 969199108 12,290 533,180 SH SOLE 354,040 179,140 Williams Cos. COM 969457100 3,514 215,700 SH SOLE 215,700 Wintrust Financial Corp COM 97650W108 1,937 34,000 SH SOLE 34,000 Wolverine Tube Inc. COM 978093102 2,634 204,000 SH SOLE 204,000 WP Stewart & Co. Ltd. COM g84922106 286 12,096 SH SOLE 11,896 200