13F-HR 1 f13f-0331.txt PE-03-31-2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 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: Private Management Group, Inc. Address: 20 Corporate Park, Suite 400 Irvine, CA 92606 Form 13F File Number: 028-05223 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: Robert T. Summers, CFA Title: Chief Financial Officer, Private Management Group, Inc. Phone: (949) 752-7500 Signature, Place, and Date of Signing: /s/ Robert T. Summers, CFA Irvine, California May 10, 2011 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 managers(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).) List of Other Managers Reporting for this Manager. [If there are no entries in this list, omit this section.] I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES AND EXCHANGE ACT OF 1934. Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 (ZERO) Form 13F Information Table Entry Total: 84 Form 13F Information Table Value Total: $1,006,176,000 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- NORTHSTAR RLTY FIN CORP COM 66704R100 14957 2795764 SH SOLE 2795764 ADFITECH INC COM 00687B105 1351 442960 SH SOLE 442960 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 19226 697612 SH SOLE 697612 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 6723 959109 SH SOLE 959109 BLACKROCK LTD DURATION INC T COM SHS 09249W101 11898 686955 SH SOLE 686955 BP PLC SPONSORED ADR 055622104 16148 365844 SH SOLE 365844 BERKSHIRE HATHAWAY INC DEL CL A 084670108 2631 21 SH SOLE 21 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 23907 285866 SH SOLE 285866 SIERRA BANCORP COM 82620P102 2608 233271 SH SOLE 233271 BLACKROCK CREDIT ALL INC TR COM 092508100 15448 1274593 SH SOLE 1274593 CROWN HOLDINGS INC COM 228368106 15542 402858 SH SOLE 402858 COMCAST CORP NEW Cl A 20030N101 9382 379520 SH SOLE 379520 COMCAST CORP NEW CL A SPL 20030N200 15174 653500 SH SOLE 653500 CNA FINL CORP COM 126117100 29273 990622 SH SOLE 990622 CRYSTAL ROCK HLDGS INC COM 22940F103 918 1092582 SH SOLE 1092582 CENTRAL VALLEY CMNTY BANCORP COM 155685100 27 4350 SH SOLE 4350 CENVEO INC COM 15670S105 1337 204695 SH SOLE 204695 DST SYS INC DEL COM 233326107 1862 35244 SH SOLE 35244 EDISON INTL COM 281020107 6616 180809 SH SOLE 180809 EXCEL TR INC COM 30068C109 14487 1228766 SH SOLE 1228766 FIRSTENERGY CORP COM 337932107 24806 668810 SH SOLE 668810 FIRST OPPORTUNITY FD INC COM 33587T108 1582 218141 SH SOLE 218141 FIRST REP BK SAN FRAN CALI N COM 33616C100 1246 40318 SH SOLE 40318 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 10632 28140 SH SOLE 28140 FRANKLIN UNVL TR SH BEN INT 355145103 5355 826319 SH SOLE 826319 WESTERN ASSET VAR RT STRG FD COM 957667108 7503 443984 SH SOLE 443984 GENERAL COMMUNICATION INC CL A 369385109 26606 2432010 SH SOLE 2432010 GRAPHIC PACKAGING HLDG CO COM 388689101 11144 2056098 SH SOLE 2056098 HOOPER HOLMES INC COM 439104100 4273 5774020 SH SOLE 5774020 HELIOS MULTI SEC HI INC FD I COM NEW 42327Y202 466 90543 SH SOLE 90543 HUDSON PAC PPTYS INC COM 444097109 24981 1699394 SH SOLE 1699394 HUNTSMAN CORP COM 447011107 2792 160647 SH SOLE 160647 INVESCO INSURED CALI MUNI SE COM 46130W105 3749 306572 SH SOLE 306572 NUVEEN FLOATING RATE INCOME COM 67072T108 1885 152899 SH SOLE 152899 NUVEEN MULT CURR ST GV INCM COM 67090N109 8080 579236 SH SOLE 579236 JOHNSON & JOHNSON COM 478160104 26633 449510 SH SOLE 449510 JPMORGAN CHASE & CO COM 46625H100 23785 515946 SH SOLE 515946 LOEWS CORP COM 540424108 18929 439284 SH SOLE 439284 LIBERTY GLOBAL INC COM SER A 530555101 619 14937 SH SOLE 14937 LIBERTY GLOBAL INC COM SER C 530555309 19242 481169 SH SOLE 481169 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 32055 435111 SH SOLE 435111 L-3 COMMUNICATIONS HLDGS INC COM 502424104 11509 146972 SH SOLE 146972 MFS CHARTER INCOME TR SH BEN INT 552727109 6595 721596 SH SOLE 721596 MFS MULTIMARKET INCOME TR SH BEN INT 552737108 5936 884676 SH SOLE 884676 MTR GAMING GROUP INC COM 553769100 2514 959542 SH SOLE 959542 MONTPELIER RE HOLDINGS LTD SHS G62185106 14007 792690 SH SOLE 792690 MERCK & CO INC NEW COM 58933Y105 24821 751922 SH SOLE 751922 MICROSOFT CORP COM 594918104 24921 981524 SH SOLE 981524 MONTGOMERY STR INCOME SECS I COM 614115103 2863 183146 SH SOLE 183146 NEWCASTLE INVT CORP COM 65105M108 2140 354342 SH SOLE 354342 NEW ULM TELECOM INC. COM 649060100 93 16573 SH SOLE 16573 OWENS ILL INC COM NEW 690768403 20370 674724 SH SOLE 674724 PENSKE AUTOMOTIVE GRP INC COM 70959W103 2024 101086 SH SOLE 101086 PRESTIGE BRANDS HLDGS INC COM 74112D101 2718 236389 SH SOLE 236389 PARK OHIO HLDGS CORP COM 700666100 7192 348133 SH SOLE 348133 PARKWAY PPTYS INC COM 70159Q104 9900 582358 SH SOLE 582358 Q E P INC COM 74727K102 4649 349544 SH SOLE 349544 ROCK-TENN CO CL A 772739207 19250 277580 SH SOLE 277580 SANDRIDGE ENERGY INC COM 80007P307 24914 1946369 SH SOLE 1946369 SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6521 320464 SH SOLE 320464 ISTAR FINL INC COM 45031U101 0 25130 SH SOLE 25130 SPECTRUM BRANDS INC COM NEW 84763R101 4180 150567 SH SOLE 150567 SEMPRA ENERGY COM 816851109 4371 81709 SH SOLE 81709 SOUTHERN UN CO NEW COM 844030106 448 15639 SH SOLE 15639 SUPERVALU INC COM 868536103 21253 2379998 SH SOLE 2379998 SAFEWAY INC COM NEW 786514208 18483 785192 SH SOLE 785192 TORCHMARK CORP COM 891027104 13483 202814 SH SOLE 202814 TERRENO RLTY CORP COM 88146M101 12519 726566 SH SOLE 726566 TRAVELERS COMPANIES INC COM 89417E109 19559 328828 SH SOLE 328828 TESORO CORP COM 881609101 17581 655284 SH SOLE 655284 UNITRIN INC COM 913275103 24947 807863 SH SOLE 807863 VALERO ENERGY CORP NEW COM 91913Y100 26254 880416 SH SOLE 880416 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 31603 1099223 SH SOLE 1099223 WELLS FARGO & CO NEW COM 949746101 20313 640598 SH SOLE 640598 WINN DIXIE STORES INC COM NEW 974280307 16565 2320087 SH SOLE 2320087 WILMINGTON TRUST CORP COM 971807102 4566 1010120 SH SOLE 1010120 WILLIAMS COS INC DEL COM 969457100 14074 451371 SH SOLE 451371 WESCO FINL CORP COM 950817106 7305 18768 SH SOLE 18768 WHITE MTNS INS GROUP LTD COM G9618E107 21607 59328 SH SOLE 59328 XL GROUP PLC SHS G98290102 31332 1273677 SH SOLE 1273677 ASBURY AUTOMOTIVE GROUP INC NOTE 3.000% 9/1 043436AG9 5734 5834000 SH SOLE 5834000 DST SYS INC DEL DBCV 4.125% 8/1 233326AE7 1352 1114000 SH SOLE 1114000 NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 19735 19617000 SH SOLE 19617000 NASH FINCH CO FRNT 3.500% 3/1 631158AD4 10098 20713000 SH SOLE 20713000