13F-HR 1 q4200413f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F HR Form 13F Cover Page Report for the Calendar Year or Quarter Ended: December 31, 2004 Check here if Amendment ( X ) ; Amendment Number: 1 This Amendment (Check only one.): ( ) is a restatement ( ) adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Friedman, Billings, Ramsey Group Address: 1001 19th Street North Potomac Tower Arlington, VA 22209 13F File Number: 28-5254 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 the 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: Nicholas J. Nichols Title: EVP and Chief Compliance Officer Phone: 703-312-9500 Signature, Place, and Date of Signing: Nicholas J. Nichols Arlington, VA 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: 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: 6 Form 13F Information Table Entry Total: 71,132,587 Form 13F Information Table Value Total: $1,522,979,327 List of Other Included Managers: No: Name 1) Friedman Billings Ramsey & Co. 2) Friedman Billings Ramsey Investment management Inc. 3) FBR Fund Advisers, Inc. 4) FBR Venture Capital Managers, Inc. 5) Money Management Associates 6) FBR Group Name of Issuer Cla Cusip Value Prn Sh Put/ Inv. Oth Sole ss x1000 Amt Prn call Disc Mgr Mgr Aames Investment Corp com 00253G108 60017 5609100 sh 0 sole 0 5609100 Abbot Labs com 002824100 933 20000 sh 0 sole 0 20000 Accredited Home Lend com 00437P107 10758 216545 sh 0 sole 0 216545 AGL Resources com 001204106 5498 165400 sh 0 sole 0 165400 Allegheny Energy com 017361106 245 12450 sh 0 sole 0 12450 Alliant Energy com 018802108 849 29700 sh 0 sole 0 29700 Allied Healthcare com 01923A109 15827 2877600 sh 0 sole 0 2877600 Allin Corporation com 019924109 266 1021177 sh 0 sole 0 1021177 Ameren com 023608102 2255 44975 sh 0 sole 0 44975 American Ele Power com 025537101 2517 73300 sh 0 sole 0 73300 American Express com 025816109 1127 20000 sh 0 sole 0 20000 American Home Mort. com 02660R107 948 27685 sh 0 sole 0 27685 Americredit Corp com 03060R101 25766 1053830 sh 0 sole 0 1053830 Annaly Mortgage com 035710409 3237 165000 sh 0 sole 0 165000 Anthracite Capital com 037023108 433 35000 sh 0 sole 0 35000 Anworth Mortgage com 037347101 3106 290000 sh 0 sole 0 290000 Apple computer com 037833100 203 3150 sh 0 sole 0 3150 Applied Materials com 038222105 293 17150 sh 0 sole 0 17150 Aquila Inc com 03840P102 757 205150 sh 0 sole 0 205150 Ashford Hospitality com 044103109 495 45517 sh 0 sole 0 45517 Asta Funding com 046220109 1281 1477322 sh 0 sole 0 477322 Astoria Fin'l com 046265104 2398 60000 sh 0 sole 0 60000 Atmos Energy com 049560105 5786 211550 sh 0 sole 0 211550 Avanir Pharma com 05348P104 417 122250 sh 0 sole 0 122250 Avista Corp com 05379B107 485 27450 sh 0 sole 0 27450 Banc Rhode Island com 059690107 10931 275896 sh 0 sole 0 275896 Bank Mutual com 063750103 11414 937895 sh 0 sole 0 937895 Bank North Gp com 06646R107 256 7000 sh 0 sole 0 7000 Bank of America com 060505104 18516 394047 sh 0 sole 0 394047 BankUnited Fin'l com 06652B103 20443 639833 sh 0 sole 0 639833 Banner Bank com 06652V109 13283 425876 sh 0 sole 0 425876 Bayer AG adr 072730302 1366 40198 sh 0 sole 0 40198 Berkshire Hathaway - A com 084670108 7911 90 sh 0 sole 0 90 Bipvial Corp. com 09067J109 661 40000 sh 0 sole 0 40000 Bristol Myers Squibb com 110122108 1220 47600 sh 0 sole 0 47600 Brookline Bcorp com 11373M107 7010 429554 sh 0 sole 0 429554 Canon Inc com 138006309 304 5600 sh 0 sole 0 5600 Capital Lease Funding com 140288101 5094 407515 sh 0 sole 0 407515 Capital One Fin'l com 14040H105 1684 20000 sh 0 sole 0 20000 Capitol Fed Finl com 14057C106 8622 239500 sh 0 sole 0 239500 CenterPoint Energy com 15189T107 3444 304800 sh 0 sole 0 304800 Ceres Group com 156772105 542 105000 sh 0 sole 0 105000 CH Energy Group com 12541M102 406 8450 sh 0 sole 0 8450 Chesapeake Utilities com 165303108 335 12540 sh 0 sole 0 12540 Cheviot Financial com 166774109 555 44012 sh 0 sole 0 44012 Cinergy Corp com 172474108 2870 68950 sh 0 sole 0 68950 CIT Group Hldgs. com 125581108 1970 43000 sh 0 sole 0 43000 Citigroup com 172967101 34413 714262 sh 0 sole 0 714262 City Holding com 177835105 3218 88800 sh 0 sole 0 88800 CMET Finance Holdings com 189758204 8900 92500 sh 0 sole 0 92500 CMS Energy com 125896100 1285 123000 sh 0 sole 0 123000 Collegiate Funding com 19458M108 1595 113182 sh 0 sole 0 113182 comerica Inc com 200340107 1770 29000 sh 0 sole 0 29000 commerce Bancorp com 200519106 386 6000 sh 0 sole 0 6000 commerical Cap com 20162L105 27031 1166116 sh 0 sole 0 1166116 CONNETICS CORP com 208192104 1090 44860 sh 0 sole 0 44860 Conseco com 208464883 299 15000 sh 0 sole 0 15000 Consol Energy com 20854P109 12951 315500 sh 0 sole 0 315500 Consolidated Edison com 209115104 4575 104575 sh 0 sole 0 104575 Constellation Enrgy com 210371100 1507 34475 sh 0 sole 0 34475 Countrywide Finl com 222372104 370 10000 sh 0 sole 0 10000 CTI Molecular Imaging com 22943D105 495 34860 sh 0 sole 0 34860 CYPRESS BIOSCIENCE INC com 232674507 902 64166 sh 0 sole 0 64166 Delta Natural Gas com 247748106 254 9345 sh 0 sole 0 9345 Diamond Rock Hosp. com 252784202 5100 500000 sh 0 sole 0 500000 Dime comm Bcp com 253922108 8839 493497 sh 0 sole 0 493497 Discovery Labs com 254668106 666 84000 sh 0 sole 0 84000 Dominion Resources com 25746U109 9135 134850 sh 0 sole 0 134850 Downey Fin'l Corp com 261018105 26408 463300 sh 0 sole 0 463300 DTE Energy Hds com 233331107 3096 71775 sh 0 sole 0 71775 Duke Energy com 264399106 11657 460200 sh 0 sole 0 460200 Dynavax (DVAX) com 268158102 556 69444 sh 0 sole 0 69444 E ON Ag com 268780103 11967 131500 sh 0 sole 0 131500 El Paso Energy com 28336L109 7356 707350 sh 0 sole 0 707350 Elan PLC adr 284131208 545 20000 sh 0 sole 0 20000 EMC Corporation com 268648102 297 19975 sh 0 sole 0 19975 Enbridge Inc com 29250N105 12126 243600 sh 0 sole 0 243600 Energen Corp com 29265N108 2719 46125 sh 0 sole 0 46125 Energy East Corp com 29266M109 3476 130300 sh 0 sole 0 130300 Energysouth Inc com 292970100 602 21486 sh 0 sole 0 21486 Entergy Corp com 29364G103 341 5050 sh 0 sole 0 5050 Enzon Pharma com 293904108 447 32600 sh 0 sole 0 32600 Equitable Resources com 294549100 3922 64650 sh 0 sole 0 64650 Exelon Corp com 30161N101 4057 92050 sh 0 sole 0 92050 Falcon Financial Inv. com 306032103 6309 901300 sh 0 sole 0 901300 Fannie Mae com 313586109 1104 15500 sh 0 sole 0 15500 FFLC Bancorp com 30242W104 941 26800 sh 0 sole 0 26800 First Pac Trust com 33589V101 2960 108243 sh 0 sole 0 108243 First Place Fin'l com 33610T109 1101 49174 sh 0 sole 0 49174 FirstFed Fin'l Corp com 337907109 37196 717100 sh 0 sole 0 717100 Flusing Finl com 343873105 1754 87461 sh 0 sole 0 87461 Franklin Bank com 352451108 13178 722072 sh 0 sole 0 722072 Freddie Mac com 313400301 1253 17000 sh 0 sole 0 17000 Friedman Billings Ram com 358434108 17318 893155 sh 0 sole 0 893155 Genaera Corp. com 36867G100 534 156151 sh 0 sole 0 156151 Genzyme com 372917104 675 11620 sh 0 sole 0 11620 GlaxoSmithKline adr 37733W105 948 20000 sh 0 sole 0 20000 Golden West Fin'l com 381317106 2334 38000 sh 0 sole 0 38000 Goldman Sachs com 38141G104 208 2000 sh 0 sole 0 2000 Government Properties com 9302888 2071 210000 sh 0 sole 0 210000 Gov't Properties Tr com 38374W107 3180 322500 sh 0 sole 0 322500 Greenville 1st Bk com 39607Y100 972 49600 sh 0 sole 0 49600 Hana Biosciences com 40963P105 2242 379940 sh 0 sole 0 379940 Hanmi Financial com 410495105 4232 117750 sh 0 sole 0 117750 Harleysville Svgs com 412865107 225 7463 sh 0 sole 0 7463 Hewlett-Packard com 428236103 291 13900 sh 0 sole 0 13900 Hibernia Corp com 428656102 590 20000 sh 0 sole 0 20000 Highland wts 9310298 1389 621942 sh 0 sole 0 621942 Hingham Inst Svgs com 433323102 4682 107600 sh 0 sole 0 107600 HMN Fin'l com 40424G108 4434 138143 sh 0 sole 0 138143 Hudson City com 443683107 29898 812000 sh 0 sole 0 812000 Impac Mortgage com 45254P102 15104 666260 sh 0 sole 0 666260 Independence com 453414104 12135 285000 sh 0 sole 0 285000 Inkine Pharma com 457214104 190 35000 sh 0 sole 0 35000 Integrated Alarm com 45890M109 3020 550000 sh 0 sole 0 550000 Intel Corp com 458140100 294 12550 sh 0 sole 0 12550 Invitrogen Corp. com 46185R100 1560 23240 sh 0 sole 0 23240 ITLA Capital Corp com 450565106 20654 351319 sh 0 sole 0 351319 JPMorgan Chase com 46625H100 28653 734508 sh 0 sole 0 734508 Keycorp com 493267108 1492 44000 sh 0 sole 0 44000 Keyspan Corp com 49337W100 10117 256450 sh 0 sole 0 256450 Laclede Gas com 505597104 1786 57350 sh 0 sole 0 57350 Lehman Bros. com 524908100 17848 204027 sh 0 sole 0 204027 Luminent Mortgage com 550278303 2166 182000 sh 0 sole 0 182000 MAF Bancorp com 55261R108 5553 123900 sh 0 sole 0 123900 Marteck BioScien com 572901106 1664 32500 sh 0 sole 0 32500 MassBank Corp com 576152102 4979 132940 sh 0 sole 0 132940 MBNA Corp com 55262L100 5142 182391 sh 0 sole 0 182391 MDU Resource com 552690109 1726 64700 sh 0 sole 0 64700 Medicines Company com 584688105 1004 34860 sh 0 sole 0 34860 Mellon Fin'l com 58551A108 14139 454486 sh 0 sole 0 454486 Merck com 589331107 1307 40670 sh 0 sole 0 40670 Merrill Lynch com 590188108 11682 195449 sh 0 sole 0 195449 MFA Mortgage Inv com 55272X102 3116 353300 sh 0 sole 0 353300 MGE Energy Inc com 55277P104 502 13919 sh 0 sole 0 13919 MGI Pharma com 552880106 1302 46480 sh 0 sole 0 46480 Morgan Stanley com 617446448 5185 93386 sh 0 sole 0 93386 Mortgage It Holdings com 61915Q108 34471 1920367 sh 0 sole 0 1920367 Motorola, Inc com 620076109 294 17100 sh 0 sole 0 17100 National Fuel Gas com 636180101 3883 137000 sh 0 sole 0 137000 Nat'l City Corp com 635405103 601 16000 sh 0 sole 0 16000 Nat'l Grid Transco com 636274102 11906 248100 sh 0 sole 0 248100 Neurocrine Bioscience com 64125C109 666 13500 sh 0 sole 0 13500 New Century Fin. com 6435EV108 72315 1131518 sh 0 sole 0 1131518 New York Mortgage Trust com 649604105 15123 1350300 sh 0 sole 0 1350300 NewAlliance Banc com 650203102 8140 532000 sh 0 sole 0 532000 Nicor Inc com 654086107 4169 112850 sh 0 sole 0 112850 Nisource Inc com 65473P105 8997 394950 sh 0 sole 0 394950 NJ Resources com 646025106 2767 63850 sh 0 sole 0 63850 Nokia Corp com 654902204 292 18625 sh 0 sole 0 18625 North Fork Bcorp com 659424105 19867 688635 sh 0 sole 0 688635 Northeast Utilities com 664397106 676 35875 sh 0 sole 0 35875 Northwestern Corp com 668074305 755 26977 sh 0 sole 0 26977 Novartis adr 66987V109 1093 21620 sh 0 sole 0 21620 Novastar Fin'l com 669947400 881 17800 sh 0 sole 0 17800 Nstar com 67019E107 940 17325 sh 0 sole 0 17325 NW Natural Gas com 667655104 2583 76550 sh 0 sole 0 76550 NY Cmmty Banc com 649445103 4793 233020 sh 0 sole 0 233020 NY Mortgage Trst com 649604105 372 33200 sh 0 sole 0 33200 Oneok Inc com 682680103 4351 153100 sh 0 sole 0 153100 Otelco com 688823202 238 15000 sh 0 sole 0 15000 Pacific Premier com 69478X105 3176 239550 sh 0 sole 0 239550 Palomar Medical Tech. com 697529303 305 11700 sh 0 sole 0 11700 Pamrapo Bancorp com 697738102 740 29933 sh 0 sole 0 29933 Parkvale Fin'l com 701492100 7436 258288 sh 0 sole 0 258288 Partners Trust Finl com 70213F102 1632 140118 sh 0 sole 0 140118 Pennfed Fin'l com 708167101 1689 105032 sh 0 sole 0 105032 Peoples Bk-CT com 710198102 3597 92500 sh 0 sole 0 92500 Peoples Choice com 71085T105 32900 3500000 sh 0 sole 0 3500000 Peoples Energy com 711030106 3694 84050 sh 0 sole 0 84050 Pepco Holdings com 713291102 346 16241 sh 0 sole 0 16241 PFF Bancorp com 69331W104 20617 445000 sh 0 sole 0 445000 PFIZER INC com 717081103 1701 63240 sh 0 sole 0 63240 PG&E Corp com 69331C108 10596 318375 sh 0 sole 0 318375 Piedmont Nat Gas com 720186105 4750 204400 sh 0 sole 0 204400 PMI Group com 69344M101 585 14000 sh 0 sole 0 14000 PNM Resources com 69349H107 681 26925 sh 0 sole 0 26925 PPL Corp com 69351T106 486 9125 sh 0 sole 0 9125 ProCentury com 74268T108 10536 849700 sh 0 sole 0 849700 Protein Design Labs com 74369L103 480 23240 sh 0 sole 0 23240 Provident Finl com 74386T105 9104 470000 sh 0 sole 0 470000 Provident Sr Living Tr com 744053208 5328 333000 sh 0 sole 0 333000 Public Svc Ent Gp com 744573106 6857 132450 sh 0 sole 0 132450 Puget Energy com 745310102 1865 75500 sh 0 sole 0 75500 Quanta Capital com G7313F106 39537 4288172 sh 0 sole 0 4288172 Questar Corp com 748356102 5855 114900 sh 0 sole 0 114900 Quidel Corp. com 74838J101 490 96378 sh 0 sole 0 96378 Radian Group com 750236101 213 4000 sh 0 sole 0 4000 Redwood Trust com 758075402 1304 21000 sh 0 sole 0 21000 Regeneration Tech com 75886N100 609 58100 sh 0 sole 0 58100 Renovis com 759885106 679 47200 sh 0 sole 0 47200 Rigel Pharma com 766559603 1581 64732 sh 0 sole 0 64732 Saxon Capital com 80556T106 11683 487000 sh 0 sole 0 487000 Saxon Capital, Inc. com 80556T106 60088 2504713 sh 0 sole 0 2504713 SBC communication com 78387G103 293 11375 sh 0 sole 0 11375 Schering Plough com 806605101 1391 66600 sh 0 sole 0 66600 SEMCO Energy com 78412D109 412 77175 sh 0 sole 0 77175 Sierra Pac Res Hld com 826428104 115 10950 sh 0 sole 0 10950 SLM CORP com 78442P106 8327 155972 sh 0 sole 0 155972 Sony Corp ADR com 835699307 295 7575 sh 0 sole 0 7575 South Jersey Indu com 838518108 1781 33880 sh 0 sole 0 33880 Southern Union com 844030106 5798 241783 sh 0 sole 0 241783 Southwest Gas com 844895102 2551 100450 sh 0 sole 0 100450 Sovereign Bancorp com 845905108 17822 790327 sh 0 sole 0 790327 Specialty Underwriters com 9302066 11803 1242410 sh 0 sole 0 1242410 Spirit Financial com 848568309 316 25000 sh 0 sole 0 25000 St. Paul Travelers com 792860108 7486 201942 sh 0 sole 0 201942 StanCorp Finl com 852891100 8085 98000 sh 0 sole 0 98000 State Street com 857477103 10114 205899 sh 0 sole 0 205899 Sterling Fin'l com 859319105 26304 670000 sh 0 sole 0 670000 Sun Microsystems com 866810104 190 35200 sh 0 sole 0 35200 Suntrust Banks com 867914103 1995 27000 sh 0 sole 0 27000 SW Energy com 845467109 1035 20425 sh 0 sole 0 20425 Synovus Fin'l com 87161C105 1516 53037 sh 0 sole 0 53037 Taylor Capital com 876851106 13447 401409 sh 0 sole 0 401409 Teco Energy com 872375100 560 36475 sh 0 sole 0 36475 Teva Pharma com 881624209 1388 46480 sh 0 sole 0 46480 Texas Instruments com 882508104 294 11950 sh 0 sole 0 11950 TF Fin'l Corp com 872391107 2897 90523 sh 0 sole 0 90523 Thornburg Mtg com 885218107 10802 373000 sh 0 sole 0 373000 TierOne Corp com 88650R108 2291 92200 sh 0 sole 0 92200 Titan Pharma com 888314101 454 140950 sh 0 sole 0 140950 Tower Group Inc. com 9314065 6000 500000 sh 0 sole 0 500000 TransCanada com 89353D107 11915 479100 sh 0 sole 0 479100 TRM Corporation wts 872636105 289 71429 sh 0 sole 0 71429 UGI Corp com 902681105 1619 39575 sh 0 sole 0 39575 Unionbancal Corp com 908906100 1612 25000 sh 0 sole 0 25000 Vaxgen Inc. com 922390208 850 50000 sh 0 sole 0 50000 Vectren Corp com 92240G101 3026 112925 sh 0 sole 0 112925 VerticalNet (VERT) com 92532L206 2445 1518907 sh 0 sole 0 1518907 Wachovia Corp com 929903102 894 17000 sh 0 sole 0 17000 Wash Mutual Inc com 939322103 338 8000 sh 0 sole 0 8000 Washington Fed com 938824109 30510 1149600 sh 0 sole 0 1149600 Waypoint Bank com 946756103 9477 334291 sh 0 sole 0 334291 Webster Fin'l com 947890109 354 7000 sh 0 sole 0 7000 Westcorp Inc com 957907108 25886 563600 sh 0 sole 0 563600 WGL Holdings com 92924F106 3926 127300 sh 0 sole 0 127300 Williams comp com 969457100 6363 390600 sh 0 sole 0 390600 Wisconsin Energy com 976657106 1505 44650 sh 0 sole 0 44650 WPS Resources com 92931B106 651 13030 sh 0 sole 0 13030 WSFS Financial com 929328102 4481 74680 sh 0 sole 0 74680 Xcel Energy com 98389B100 2267 124550 sh 0 sole 0 124550 Yardville Nat'l com 985021104 12140 354362 sh 0 sole 0 354362 YM Biosciences com 984238105 397 113700 sh 0 sole 0 113700