13F-HR 1 valu2q04.txt VALUE LINE INC 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 [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Value Line Inc Address: 220 East 42nd Street New York, NY 10017 13F File Number: 28-00401 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: David Henigson Title: Vice President Phone: 212-907-1600 Signature, Place, and Date of Signing: /s/ David Henigson New York, NY July 26, 2004 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 932 Form13F Information Table Value Total: $2,391,349 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 12133 134800 SH DEFINED 0 134800 0 AARON RENTS INC COM 002535201 2780 83900 SH DEFINED 0 83900 0 ABAXIS INC COM 002567105 617 32500 SH DEFINED 0 32500 0 ABBOTT LABS COM 002824100 652 16000 SH DEFINED 0 16000 0 ABERCROMBIE & FITCH CO CL A 002896207 209 5400 SH DEFINED 0 5400 0 ABRAXAS PETE CORP COM 003830106 26 15680 SH DEFINED 0 15680 0 ACCENTURE LTD BERMUDA CL A G1150G111 2473 90000 SH DEFINED 0 90000 0 ACCREDO HEALTH INC COM 00437V104 9244 237332 SH DEFINED 0 237032 300 ACTIVISION INC NEW COM NEW 004930202 10341 650400 SH DEFINED 0 647600 2800 ACTUANT CORP CL A NEW 00508X203 3868 99200 SH DEFINED 0 99200 0 ACUITY BRANDS INC COM 00508Y102 2190 81100 SH DEFINED 0 81100 0 ADOBE SYS INC COM 00724F101 7217 155200 SH DEFINED 0 155000 200 ADVANCE AUTO PARTS INC COM 00751Y106 4100 92800 SH DEFINED 0 92800 0 ADVANCED MEDICAL OPTICS INC COM 00763M108 3027 71100 SH DEFINED 0 71100 0 ADVANCED MICRO DEVICES INC DBCV 4.750% 2/0 007903AE7 660 650000 PRN DEFINED 0 650000 0 ADVANCED NEUROMODULATION SYS COM 00757T101 897 27350 SH DEFINED 0 27350 0 AEROPOSTALE COM 007865108 2984 110900 SH DEFINED 0 110900 0 AES TR III PFD CV 6.75% 00808N202 210 5000 SH DEFINED 0 5000 0 AETNA INC NEW COM 00817Y108 12001 141188 SH DEFINED 0 139738 1450 AFFILIATED COMPUTER SERVICES CL A 008190100 916 17300 SH DEFINED 0 17000 300 AFLAC INC COM 001055102 2587 63400 SH DEFINED 0 63400 0 AGCO CORP COM 001084102 611 30000 SH DEFINED 0 30000 0 AGILENT TECHNOLOGIES INC COM 00846U101 8321 284196 SH DEFINED 0 283496 700 AGILENT TECHNOLOGIES INC DBCV 3.000%12/0 00846UAB7 1579 1500000 PRN DEFINED 0 1500000 0 AGILYSYS INC COM 00847J105 940 78659 SH DEFINED 0 78659 0 AGL RES INC COM 001204106 569 19600 SH DEFINED 0 19600 0 AIRGAS INC COM 009363102 2011 84127 SH DEFINED 0 84127 0 AIRSPAN NETWORKS INC COM 00950H102 1059 189500 SH DEFINED 0 189500 0 AKAMAI TECHNOLOGIES INC COM 00971T101 2303 128300 SH DEFINED 0 128300 0 ALABAMA NATL BANCORP DELA COM 010317105 261 4700 SH DEFINED 0 4700 0 ALADDIN KNOWLEDGE SYS LTD ORD M0392N101 415 25200 SH DEFINED 0 25200 0 ALAMOSA HLDGS INC COM 011589108 1503 204500 SH DEFINED 0 204500 0 ALBERTO CULVER CO COM 013068101 236 4700 SH DEFINED 0 4700 0 ALCON INC COM SHS H01301102 2910 37000 SH DEFINED 0 37000 0 ALEXANDER & BALDWIN INC COM 014482103 535 16000 SH DEFINED 0 16000 0 ALEXION PHARMACEUTICALS INC COM 015351109 344 18500 SH DEFINED 0 18500 0 ALIGN TECHNOLOGY INC COM 016255101 1436 75600 SH DEFINED 0 75600 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 379 21000 SH DEFINED 0 21000 0 ALLETE INC COM 018522102 666 20000 SH DEFINED 0 20000 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 5277 124900 SH DEFINED 0 124900 0 ALLIANCE GAMING CORP COM NEW 01859P609 789 46000 SH DEFINED 0 46000 0 ALLIANCE RES PARTNER L P UT LTD PART 01877R108 513 11000 SH DEFINED 0 11000 0 ALLIANT TECHSYSTEMS INC COM 018804104 950 15000 SH DEFINED 0 15000 0 ALLSTATE CORP COM 020002101 838 18000 SH DEFINED 0 18000 0 ALTIRIS INC COM 02148M100 318 11500 SH DEFINED 0 11500 0 ALVARION LTD SHS M0861T100 611 46000 SH DEFINED 0 46000 0 ALZA CORP SDCV 7/2 02261WAB5 154 200000 PRN DEFINED 0 200000 0 AMEDISYS INC COM 023436108 749 26200 SH DEFINED 0 26200 0 AMERICAN AXLE & MFG HLDGS IN COM 024061103 4349 119600 SH DEFINED 0 119300 300 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 3493 120827 SH DEFINED 0 120427 400 AMERICAN ELEC PWR INC COM 025537101 480 15000 SH DEFINED 0 15000 0 AMERICAN FINL GROUP INC OHIO COM 025932104 9370 306497 SH DEFINED 0 306497 0 AMERICAN GREETINGS CORP CL A 026375105 417 18000 SH DEFINED 0 18000 0 AMERICAN HEALTHWAYS INC COM 02649V104 1986 74600 SH DEFINED 0 74600 0 AMERICAN INTL GROUP INC COM 026874107 19281 270501 SH DEFINED 0 268956 1545 AMERICAN ITALIAN PASTA CO CL A 027070101 247 8100 SH DEFINED 0 8100 0 AMERICAN MED SYS HLDGS INC COM 02744M108 1338 39700 SH DEFINED 0 39700 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 741 24400 SH DEFINED 0 24400 0 AMERICAN STD COS INC DEL COM 029712106 9191 228000 SH DEFINED 0 228000 0 AMERICAN STS WTR CO COM 029899101 442 19000 SH DEFINED 0 19000 0 AMERISOURCE HEALTH CORP NOTE 5.000%12/0 03071PAD4 353 300000 PRN DEFINED 0 300000 0 AMETEK INC NEW COM 031100100 2738 88600 SH DEFINED 0 88600 0 AMGEN INC COM 031162100 662 12138 SH DEFINED 0 10188 1950 AMPHENOL CORP NEW CL A 032095101 1646 49400 SH DEFINED 0 49400 0 AMSURG CORP COM 03232P405 487 19390 SH DEFINED 0 19390 0 ANADARKO PETE CORP COM 032511107 8450 144200 SH DEFINED 0 143700 500 ANALOG DEVICES INC COM 032654105 9922 210750 SH DEFINED 0 210100 650 ANCHOR BANCORP WIS INC COM 032839102 365 13800 SH DEFINED 0 13800 0 ANDREW CORP COM 034425108 8234 411500 SH DEFINED 0 411500 0 ANDRX CORP DEL ANDRX GROUP 034553107 419 15000 SH DEFINED 0 15000 0 ANGIOTECH PHARMACEUTICALS IN COM 034918102 2217 110000 SH DEFINED 0 110000 0 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 804 25000 SH DEFINED 0 25000 0 ANNTAYLOR STORES CORP COM 036115103 389 13410 SH DEFINED 0 10935 2475 ANSYS INC COM 03662Q105 1217 25900 SH DEFINED 0 25900 0 ANTHEM INC COM 03674B104 2009 22432 SH DEFINED 0 22432 0 AON CORP COM 037389103 427 15000 SH DEFINED 0 15000 0 APACHE CORP COM 037411105 15204 349120 SH DEFINED 0 346120 3000 APOLLO GROUP INC CL A 037604105 13276 150370 SH DEFINED 0 150370 0 APOLLO GROUP INC COM UNV PHOENX 037604204 3366 38424 SH DEFINED 0 38424 0 APPLEBEES INTL INC COM 037899101 5378 233615 SH DEFINED 0 229865 3750 APPLERA CORP COM CE GEN GRP 038020202 288 25000 SH DEFINED 0 25000 0 APPLICA INC COM 03815A106 223 25000 SH DEFINED 0 25000 0 APPLIED FILMS CORP COM 038197109 638 22000 SH DEFINED 0 22000 0 APPLIED INDL TECHNOLOGIES IN COM 03820C105 301 10000 SH DEFINED 0 10000 0 APPLIED SIGNAL TECHNOLOGY IN COM 038237103 1756 50100 SH DEFINED 0 50100 0 ARAMARK CORP CL B 038521100 633 22000 SH DEFINED 0 22000 0 ARBITRON INC COM 03875Q108 741 20300 SH DEFINED 0 20300 0 ARCH CAP GROUP LTD ORD G0450A105 937 23500 SH DEFINED 0 23500 0 ARCHER DANIELS MIDLAND CO COM 039483102 11760 700837 SH DEFINED 0 694787 6050 ARIAD PHARMACEUTICALS INC COM 04033A100 1088 145200 SH DEFINED 0 145200 0 ARIBA INC COM 04033V104 60 30000 SH DEFINED 0 30000 0 ARKANSAS BEST CORP DEL COM 040790107 961 29200 SH DEFINED 0 29200 0 ARMOR HOLDINGS INC COM 042260109 10892 320351 SH DEFINED 0 319451 900 ARROW ELECTRS INC COM 042735100 10205 380517 SH DEFINED 0 379067 1450 ASK JEEVES INC COM 045174109 3751 96100 SH DEFINED 0 96100 0 ASPECT COMMUNICATIONS CORP COM 04523Q102 327 23000 SH DEFINED 0 23000 0 ASSOCIATED BANC CORP COM 045487105 1333 45000 SH DEFINED 0 45000 0 ASTRAZENECA PLC SPONSORED ADR 046353108 548 12000 SH DEFINED 0 12000 0 ATI TECHNOLOGIES INC COM 001941103 3565 189000 SH DEFINED 0 189000 0 AU OPTRONICS CORP SPONSORED ADR 002255107 1047 64050 SH DEFINED 0 64050 0 AUDIOCODES LTD ORD M15342104 290 24300 SH DEFINED 0 24300 0 AUTODESK INC COM 052769106 5284 123427 SH DEFINED 0 123427 0 AUTOLIV INC COM 052800109 6060 143600 SH DEFINED 0 143500 100 AVAYA INC COM 053499109 679 43000 SH DEFINED 0 43000 0 AVERY DENNISON CORP COM 053611109 768 12000 SH DEFINED 0 12000 0 AVID TECHNOLOGY INC COM 05367P100 3853 70600 SH DEFINED 0 70600 0 AVNET INC COM 053807103 1014 44650 SH DEFINED 0 43900 750 AVOCENT CORP COM 053893103 331 9000 SH DEFINED 0 9000 0 AVON PRODS INC COM 054303102 13727 297502 SH DEFINED 0 296902 600 AXCAN PHARMA INC COM 054923107 709 33600 SH DEFINED 0 33600 0 BALL CORP COM 058498106 3963 55000 SH DEFINED 0 55000 0 BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 478 12500 SH DEFINED 0 12500 0 BANCORPSOUTH INC COM 059692103 910 40400 SH DEFINED 0 40400 0 BANK HAWAII CORP COM 062540109 5915 130800 SH DEFINED 0 130800 0 BANK MONTREAL QUE COM 063671101 1081 27000 SH DEFINED 0 27000 0 BANK OF THE OZARKS INC COM 063904106 485 20800 SH DEFINED 0 20800 0 BANKATLANTIC BANCORP CL A 065908501 1494 81000 SH DEFINED 0 81000 0 BANKNORTH GROUP INC NEW COM 06646R107 2371 73000 SH DEFINED 0 73000 0 BANKUNITED FINL CORP CL A 06652B103 467 18100 SH DEFINED 0 18100 0 BANTA CORP COM 066821109 542 12200 SH DEFINED 0 12200 0 BARD C R INC COM 067383109 5202 91826 SH DEFINED 0 91826 0 BAXTER INTL INC CORP UNITS 7% 071813406 1025 18000 SH DEFINED 0 18000 0 BEAR STEARNS COS INC COM 073902108 3153 37400 SH DEFINED 0 37400 0 BECKMAN COULTER INC COM 075811109 976 16000 SH DEFINED 0 16000 0 BECTON DICKINSON & CO COM 075887109 1554 30000 SH DEFINED 0 30000 0 BED BATH & BEYOND INC COM 075896100 6252 162600 SH DEFINED 0 161500 1100 BERKLEY W R CORP COM 084423102 6354 147950 SH DEFINED 0 147950 0 BEST BUY INC SDCV 2.250% 1/1 086516AF8 466 450000 PRN DEFINED 0 450000 0 BEST BUY INC COM 086516101 842 16600 SH DEFINED 0 15000 1600 BHA GROUP HLDGS INC COM 055446108 606 16000 SH DEFINED 0 16000 0 BHP BILLITON LTD SPONSORED ADR 088606108 543 31000 SH DEFINED 0 31000 0 BIO RAD LABS INC CL A 090572207 235 4000 SH DEFINED 0 4000 0 BIOMET INC COM 090613100 5855 131750 SH DEFINED 0 130750 1000 BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 989 1000000 PRN DEFINED 0 1000000 0 BISYS GROUP INC COM 055472104 281 20000 SH DEFINED 0 20000 0 BJS WHOLESALE CLUB INC COM 05548J106 500 20000 SH DEFINED 0 20000 0 BOK FINL CORP COM NEW 05561Q201 337 8578 SH DEFINED 0 8578 0 BORG WARNER INC COM 099724106 1121 25600 SH DEFINED 0 25600 0 BOSTON SCIENTIFIC CORP COM 101137107 6848 160000 SH DEFINED 0 160000 0 BRADLEY PHARMACEUTICALS INC COM 104576103 1046 37500 SH DEFINED 0 37500 0 BRIGGS & STRATTON CORP COM 109043109 1255 14200 SH DEFINED 0 14200 0 BRIGHT HORIZON FAMILY SOLUTI COM 109195107 558 10400 SH DEFINED 0 10400 0 BRINKER INTL INC COM 109641100 6334 185650 SH DEFINED 0 185650 0 BRINKS CO COM 109696104 1288 37600 SH DEFINED 0 37600 0 BRISTOL MYERS SQUIBB CO COM 110122108 767 31300 SH DEFINED 0 31300 0 BROADCOM CORP CL A 111320107 4716 101200 SH DEFINED 0 100000 1200 BROOKLINE BANCORP INC DEL COM 11373M107 390 26600 SH DEFINED 0 26600 0 BROOKSTONE INC COM 114537103 620 30925 SH DEFINED 0 30925 0 BROWN FORMAN CORP CL B 115637209 1303 27000 SH DEFINED 0 27000 0 BROWN SHOE INC NEW COM 115736100 2689 65700 SH DEFINED 0 65700 0 BRUNSWICK CORP COM 117043109 1559 38200 SH DEFINED 0 38200 0 BRUSH ENGINEERED MATLS INC COM 117421107 2066 109318 SH DEFINED 0 108718 600 BUNGE LIMITED COM G16962105 2453 63000 SH DEFINED 0 63000 0 BURLINGTON RES INC COM 122014103 579 16000 SH DEFINED 0 16000 0 C H ROBINSON WORLDWIDE INC COM 12541W100 4025 87800 SH DEFINED 0 87800 0 CABOT CORP COM 127055101 814 20000 SH DEFINED 0 20000 0 CABOT MICROELECTRONICS CORP COM 12709P103 245 8000 SH DEFINED 0 8000 0 CACI INTL INC CL A 127190304 2584 63900 SH DEFINED 0 63900 0 CADBURY SCHWEPPES PLC ADR 127209302 965 27500 SH DEFINED 0 27500 0 CALIFORNIA MICRO DEVICES COR COM 130439102 605 52497 SH DEFINED 0 52497 0 CALIFORNIA WTR SVC GROUP COM 130788102 554 20100 SH DEFINED 0 20100 0 CANADIAN NAT RES LTD COM 136385101 1483 49600 SH DEFINED 0 49600 0 CANADIAN NATL RY CO COM 136375102 3354 76950 SH DEFINED 0 76950 0 CANADIAN PAC RY LTD COM 13645T100 634 25750 SH DEFINED 0 25750 0 CANON INC ADR 138006309 534 10000 SH DEFINED 0 10000 0 CARBO CERAMICS INC COM 140781105 1795 26300 SH DEFINED 0 26300 0 CARDINAL HEALTH INC COM 14149Y108 841 12000 SH DEFINED 0 12000 0 CAREER EDUCATION CORP COM 141665109 10906 239369 SH DEFINED 0 239369 0 CAREMARK RX INC COM 141705103 7182 218042 SH DEFINED 0 218042 0 CARLISLE COS INC COM 142339100 1619 26000 SH DEFINED 0 26000 0 CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 520 400000 PRN DEFINED 0 400000 0 CARPENTER TECHNOLOGY CORP COM 144285103 368 10800 SH DEFINED 0 10800 0 CARRIER ACCESS CORP COM 144460102 203 17000 SH DEFINED 0 17000 0 CASH AMER INTL INC COM 14754D100 920 40000 SH DEFINED 0 40000 0 CATHAY GENERAL BANCORP COM 149150104 640 9600 SH DEFINED 0 9600 0 CATO CORP NEW CL A 149205106 1010 45000 SH DEFINED 0 45000 0 CBL & ASSOC PPTYS INC COM 124830100 1381 25100 SH DEFINED 0 25100 0 CBRL GROUP INC COM 12489V106 1604 52000 SH DEFINED 0 52000 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 440 9000 SH DEFINED 0 9000 0 CELESTICA INC NOTE 8/0 15101QAA6 550 1000000 PRN DEFINED 0 1000000 0 CELGENE CORP COM 151020104 1069 18669 SH DEFINED 0 18669 0 CEMEX S A SPON ADR 5 ORD 151290889 873 30000 SH DEFINED 0 30000 0 CENDANT CORP COM 151313103 490 20000 SH DEFINED 0 20000 0 CENDANT CORP DBCV 3.875%11/2 151313AN3 485 450000 PRN DEFINED 0 450000 0 CENTENE CORP DEL COM 15135B101 2105 54600 SH DEFINED 0 54600 0 CENTEX CORP COM 152312104 654 14300 SH DEFINED 0 13400 900 CENTRAL EUROPEAN DIST CORP COM 153435102 548 21150 SH DEFINED 0 21150 0 CENTRAL GARDEN & PET CO COM 153527106 1084 30300 SH DEFINED 0 30300 0 CEPHALON INC NOTE 2.500%12/1 156708AE9 288 300000 PRN DEFINED 0 300000 0 CEPHALON INC COM 156708109 1096 20297 SH DEFINED 0 20297 0 CEPHEID COM 15670R107 231 20000 SH DEFINED 0 20000 0 CERADYNE INC COM 156710105 268 7500 SH DEFINED 0 7500 0 CERNER CORP COM 156782104 1088 24400 SH DEFINED 0 24400 0 CHARLES RIV LABS INTL INC COM 159864107 1124 22997 SH DEFINED 0 22997 0 CHARMING SHOPPES INC COM 161133103 3472 388834 SH DEFINED 0 388834 0 CHARMING SHOPPES INC NOTE 4.750% 6/0 161133AC7 297 250000 PRN DEFINED 0 250000 0 CHARTER ONE FINL INC COM 160903100 7381 167039 SH DEFINED 0 167039 0 CHATTEM INC COM 162456107 3976 137725 SH DEFINED 0 137325 400 CHECK POINT SOFTWARE TECH LT ORD M22465104 270 10000 SH DEFINED 0 10000 0 CHECKFREE CORP NEW COM 162813109 960 32000 SH DEFINED 0 32000 0 CHEESECAKE FACTORY INC COM 163072101 541 13600 SH DEFINED 0 13600 0 CHELSEA PPTY GROUP INC COM 163421100 1520 23300 SH DEFINED 0 23300 0 CHESAPEAKE CORP COM 165159104 267 10000 SH DEFINED 0 10000 0 CHESAPEAKE ENERGY CORP COM 165167107 4195 285000 SH DEFINED 0 285000 0 CHEVRONTEXACO CORP COM 166764100 1129 12000 SH DEFINED 0 12000 0 CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 212 7600 SH DEFINED 0 7600 0 CHICAGO MERCANTILE HLDGS INC CL A 167760107 433 3000 SH DEFINED 0 3000 0 CHICOS FAS INC COM 168615102 2899 64200 SH DEFINED 0 64200 0 CHOICE HOTELS INTL INC COM 169905106 2508 50000 SH DEFINED 0 50000 0 CHRISTOPHER & BANKS CORP COM 171046105 372 21000 SH DEFINED 0 21000 0 CHURCH & DWIGHT INC COM 171340102 2084 45528 SH DEFINED 0 45528 0 CISCO SYS INC COM 17275R102 14086 594350 SH DEFINED 0 593600 750 CIT GROUP INC COM 125581108 804 21000 SH DEFINED 0 21000 0 CITIGROUP INC COM 172967101 10762 231449 SH DEFINED 0 228799 2650 CITRIX SYS INC COM 177376100 407 20000 SH DEFINED 0 20000 0 CITY NATL CORP COM 178566105 1288 19600 SH DEFINED 0 19600 0 CKE RESTAURANTS INC COM 12561E105 300 22500 SH DEFINED 0 22500 0 CLAIRES STORES INC COM 179584107 1324 61000 SH DEFINED 0 57000 4000 CLARCOR INC COM 179895107 2331 50900 SH DEFINED 0 50900 0 CLEAR CHANNEL COMMUNICATIONS COM 184502102 536 14500 SH DEFINED 0 14500 0 CLEVELAND CLIFFS INC COM 185896107 338 6000 SH DEFINED 0 6000 0 COACH INC COM 189754104 9382 207607 SH DEFINED 0 207607 0 COCA COLA CO COM 191216100 7723 153000 SH DEFINED 0 152300 700 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 13491 530930 SH DEFINED 0 524180 6750 COGNOS INC COM 19244C109 3833 106000 SH DEFINED 0 106000 0 COLGATE PALMOLIVE CO COM 194162103 883 15100 SH DEFINED 0 13800 1300 COLUMBIA SPORTSWEAR CO COM 198516106 1185 21700 SH DEFINED 0 21700 0 COMMERCE BANCORP INC NJ COM 200519106 7608 138300 SH DEFINED 0 136800 1500 COMMERCE BANCSHARES INC COM 200525103 1757 38245 SH DEFINED 0 38245 0 COMMUNITY FIRST BANKSHARES I COM 203902101 827 25700 SH DEFINED 0 25700 0 COMPASS BANCSHARES INC COM 20449H109 2752 64000 SH DEFINED 0 64000 0 COMPUTER ASSOC INTL INC NOTE 5.000% 3/1 204912AR0 247 200000 PRN DEFINED 0 200000 0 COMPUTER SCIENCES CORP COM 205363104 696 15000 SH DEFINED 0 15000 0 COMPUWARE CORP COM 205638109 264 40000 SH DEFINED 0 40000 0 COMSTOCK RES INC COM NEW 205768203 1201 61700 SH DEFINED 0 61700 0 COMTECH TELECOMMUNICATIONS C COM NEW 205826209 564 25000 SH DEFINED 0 25000 0 CONAGRA FOODS INC COM 205887102 764 28200 SH DEFINED 0 28200 0 CONCUR TECHNOLOGIES INC COM 206708109 139 13000 SH DEFINED 0 13000 0 CONNETICS CORP COM 208192104 525 26000 SH DEFINED 0 26000 0 CONSTELLATION BRANDS INC CL A 21036P108 4003 107800 SH DEFINED 0 107000 800 CONVERGYS CORP COM 212485106 385 25000 SH DEFINED 0 25000 0 COOPER COS INC COM NEW 216648402 6810 107800 SH DEFINED 0 107800 0 COPART INC COM 217204106 3522 131893 SH DEFINED 0 131293 600 CORINTHIAN COLLEGES INC COM 218868107 1596 64524 SH DEFINED 0 64524 0 CORPORATE EXECUTIVE BRD CO COM 21988R102 2104 36400 SH DEFINED 0 36400 0 CORRECTIONS CORP AMER NEW COM NEW 22025Y407 2061 52200 SH DEFINED 0 52200 0 COSTAR GROUP INC COM 22160N109 468 10200 SH DEFINED 0 10200 0 COSTCO COMPANIES INC NOTE 8/1 22160QAC6 282 300000 PRN DEFINED 0 300000 0 COSTCO WHSL CORP NEW COM 22160K105 560 13600 SH DEFINED 0 13600 0 COTT CORP QUE COM 22163N106 8440 260500 SH DEFINED 0 260500 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 7661 109050 SH DEFINED 0 108600 450 COVANCE INC COM 222816100 8005 207480 SH DEFINED 0 206930 550 COVENTRY HEALTH CARE INC COM 222862104 2826 57800 SH DEFINED 0 57800 0 CP HOLDRS DEP RCPTS CP 12616K106 7274 122000 SH DEFINED 0 122000 0 CREE INC COM 225447101 338 14600 SH DEFINED 0 14600 0 CROWN CASTLE INTL CORP COM 228227104 3786 256700 SH DEFINED 0 256700 0 CSK AUTO CORP COM 125965103 943 55000 SH DEFINED 0 55000 0 CUBIC CORP COM 229669106 1057 50500 SH DEFINED 0 50500 0 CULP INC COM 230215105 265 34000 SH DEFINED 0 34000 0 CUNO INC COM 126583103 806 15100 SH DEFINED 0 15100 0 CURATIVE HEALTH SRVCS INC COM 23126W100 398 46000 SH DEFINED 0 46000 0 CURTISS WRIGHT CORP COM 231561101 730 13000 SH DEFINED 0 13000 0 CVS CORP COM 126650100 202 4800 SH SOLE 0 0 4800 CVS CORP COM 126650100 19024 452746 SH DEFINED 0 451096 1650 DADE BEHRING HLDGS INC COM 23342J206 2694 56700 SH DEFINED 0 56700 0 DANAHER CORP DEL COM 235851102 13522 260800 SH DEFINED 0 260200 600 DAVITA INC COM 23918K108 12265 397826 SH DEFINED 0 397826 0 DEAN FOODS CO NEW COM 242370104 6471 173435 SH DEFINED 0 173435 0 DECKERS OUTDOOR CORP COM 243537107 251 8500 SH DEFINED 0 8500 0 DECODE GENETICS INC COM 243586104 272 32000 SH DEFINED 0 32000 0 DEERE & CO COM 244199105 842 12000 SH DEFINED 0 12000 0 DELL INC COM 24702R101 13785 384850 SH DEFINED 0 379600 5250 DELPHI FINL GROUP INC CL A 247131105 1744 39200 SH DEFINED 0 39200 0 DELTA PETE CORP COM NEW 247907207 1015 75500 SH DEFINED 0 75500 0 DENBURY RES INC COM NEW 247916208 1483 70800 SH DEFINED 0 70800 0 DENDRITE INTL INC COM 248239105 468 25200 SH DEFINED 0 25200 0 DENTSPLY INTL INC NEW COM 249030107 1928 37000 SH DEFINED 0 37000 0 DEVELOPERS DIVERSIFIED RLTY COM 251591103 347 9800 SH DEFINED 0 9800 0 DEVON ENERGY CORP NEW COM 25179M103 1234 18694 SH DEFINED 0 17494 1200 DIAMONDCLUSTER INTL INC COM 25278P106 556 64000 SH DEFINED 0 64000 0 DICKS SPORTING GOODS INC COM 253393102 2158 64700 SH DEFINED 0 64700 0 DIGITAL RIV INC COM 25388B104 1543 47300 SH DEFINED 0 47300 0 DIGITAS INC COM 25388K104 1147 104000 SH DEFINED 0 104000 0 DIODES INC COM 254543101 775 32700 SH DEFINED 0 32700 0 DIONEX CORP COM 254546104 1319 23900 SH DEFINED 0 23900 0 DISCOVERY LABORATORIES INC N COM 254668106 854 89000 SH DEFINED 0 89000 0 DISNEY WALT CO COM DISNEY 254687106 6882 270000 SH DEFINED 0 270000 0 DITECH COMMUNICATIONS CORP COM 25500M103 439 18800 SH DEFINED 0 18800 0 DOMINION RES INC VA NEW COM 25746U109 757 12000 SH DEFINED 0 12000 0 DONALDSON INC COM 257651109 2400 81900 SH DEFINED 0 80000 1900 DONNELLEY R R & SONS CO COM 257867101 1498 45360 SH DEFINED 0 45360 0 DORAL FINL CORP COM 25811P100 1242 36000 SH DEFINED 0 36000 0 DOW CHEM CO COM 260543103 814 20000 SH DEFINED 0 20000 0 DU PONT E I DE NEMOURS & CO COM 263534109 8564 192800 SH DEFINED 0 192050 750 DUN & BRADSTREET CORP DEL NE COM 26483E100 2938 54500 SH DEFINED 0 54500 0 DYCOM INDS INC COM 267475101 3609 128900 SH DEFINED 0 128900 0 E TRADE FINANCIAL CORP COM 269246104 3434 308025 SH DEFINED 0 307175 850 EAST WEST BANCORP INC COM 27579R104 2657 86560 SH DEFINED 0 86560 0 EASTMAN CHEM CO COM 277432100 3433 74251 SH DEFINED 0 74001 250 EATON CORP COM 278058102 2849 44000 SH DEFINED 0 44000 0 EBAY INC COM 278642103 19694 214185 SH DEFINED 0 213785 400 ECHELON CORP COM 27874N105 246 22000 SH DEFINED 0 22000 0 ECOLAB INC COM 278865100 5459 172200 SH DEFINED 0 168000 4200 EDUCATION MGMT CORP COM 28139T101 6086 185202 SH DEFINED 0 181702 3500 EDWARDS LIFESCIENCES CORP COM 28176E108 1150 33000 SH DEFINED 0 33000 0 EGL INC COM 268484102 1702 64000 SH DEFINED 0 64000 0 ELAN PLC ADR 284131208 544 22000 SH DEFINED 0 22000 0 ELECTRONIC ARTS INC COM 285512109 1481 27150 SH DEFINED 0 23800 3350 ENCANA CORP COM 292505104 2555 59194 SH DEFINED 0 59194 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 804 34300 SH DEFINED 0 34300 0 ENERGEN CORP COM 29265N108 4559 95000 SH DEFINED 0 95000 0 ENERGIZER HLDGS INC COM 29266R108 3965 88100 SH DEFINED 0 88100 0 ENGINEERED SUPPORT SYS INC COM 292866100 5692 97275 SH DEFINED 0 97275 0 ENPRO INDS INC COM 29355X107 944 41100 SH DEFINED 0 41100 0 ENTERGY CORP NEW COM 29364G103 3361 60000 SH DEFINED 0 60000 0 ENZON INC NOTE 4.500 7/0 293904AA6 924 1000000 PRN DEFINED 0 1000000 0 EON LABS INC COM 29412E100 2768 67620 SH DEFINED 0 67620 0 EPIX MEDICAL INC COM 26881Q101 1133 53700 SH DEFINED 0 53700 0 EQUINIX INC COM NEW 29444U502 482 14200 SH DEFINED 0 14200 0 EQUITABLE RES INC COM 294549100 4488 86800 SH DEFINED 0 86800 0 ERESEARCHTECHNOLOGY INC COM 29481V108 11270 402518 SH DEFINED 0 401918 600 ERICSSON L M TEL CO ADR B SEK 10 294821608 530 17722 SH DEFINED 0 17722 0 ESCO TECHNOLOGIES INC COM 296315104 2177 40800 SH DEFINED 0 40800 0 ESSEX PPTY TR INC COM 297178105 478 7000 SH DEFINED 0 7000 0 EVEREST RE GROUP LTD COM G3223R108 6782 84400 SH DEFINED 0 84400 0 EVERGREEN RES INC COM NO PAR 299900308 4353 107740 SH DEFINED 0 107740 0 EXELON CORP COM 30161N101 932 28000 SH DEFINED 0 28000 0 EXPEDITORS INTL WASH INC COM 302130109 4141 83800 SH DEFINED 0 83800 0 EXPRESS SCRIPTS INC COM 302182100 3617 45650 SH DEFINED 0 44500 1150 EXPRESSJET HOLDINGS INC CL A 30218U108 364 30000 SH DEFINED 0 30000 0 F M C CORP COM NEW 302491303 862 20000 SH DEFINED 0 20000 0 FACTSET RESH SYS INC COM 303075105 326 6900 SH DEFINED 0 6900 0 FAIR ISAAC CORP COM 303250104 2946 88250 SH DEFINED 0 88250 0 FAIRCHILD SEMICONDUCTOR CORP NOTE 5.000%11/0 303727AJ0 248 250000 PRN DEFINED 0 250000 0 FAMILY DLR STORES INC COM 307000109 3358 110400 SH DEFINED 0 110400 0 FARGO ELECTRONICS INC COM 30744P102 189 17000 SH DEFINED 0 17000 0 FASTENAL CO COM 311900104 4473 78700 SH DEFINED 0 78700 0 FEDERAL HOME LOAN BANKS COMMON 3133X1T31 4413 4500000 PRN DEFINED 0 4500000 0 FEDERAL SIGNAL CORP COM 313855108 335 18000 SH DEFINED 0 18000 0 FEDEX CORP COM 31428X106 11567 141600 SH DEFINED 0 141100 500 FERRELLGAS PARTNERS L.P. UNIT LTD PART 315293100 494 23000 SH DEFINED 0 23000 0 FIDELITY NATL FINL INC COM 316326107 4782 128056 SH DEFINED 0 128056 0 FINANCIAL FED CORP COM 317492106 490 13900 SH DEFINED 0 13900 0 FINISH LINE INC CL A 317923100 1409 46700 SH DEFINED 0 46700 0 FIRST BANCORP P R COM 318672102 1229 30150 SH DEFINED 0 30150 0 FIRST CASH FINL SVCS INC COM 31942D107 1138 53500 SH DEFINED 0 53500 0 FIRST CMNTY BANCORP CALIF COM 31983B101 354 9200 SH DEFINED 0 9200 0 FIRST DATA CORP COM 319963104 1917 43050 SH DEFINED 0 42000 1050 FIRST FINL BANKSHARES COM 32020R109 249 5937 SH DEFINED 0 5937 0 FIRST MIDWEST BANCORP DEL COM 320867104 1336 37950 SH DEFINED 0 37950 0 FIRSTFED FINL CORP COM 337907109 1223 29400 SH DEFINED 0 29400 0 FISHER SCIENTIFIC INTL INC COM NEW 338032204 19507 337775 SH DEFINED 0 337775 0 FLAGSTAR BANCORP INC COM 337930101 935 47050 SH DEFINED 0 47050 0 FLEETWOOD ENTERPRISES INC COM 339099103 397 27300 SH DEFINED 0 27300 0 FLIR SYS INC COM 302445101 8299 151172 SH DEFINED 0 151172 0 FLORIDA ROCK INDS INC COM 341140101 970 23000 SH DEFINED 0 23000 0 FLOWERS FOODS INC COM 343498101 575 22000 SH DEFINED 0 22000 0 FLOWSERVE CORP COM 34354P105 499 20000 SH DEFINED 0 20000 0 FMC TECHNOLOGIES INC COM 30249U101 985 34200 SH DEFINED 0 34200 0 FOOT LOCKER INC COM 344849104 414 17000 SH DEFINED 0 17000 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 712 13000 SH DEFINED 0 13000 0 FOREST LABS INC COM 345838106 10089 178150 SH DEFINED 0 177650 500 FORTUNE BRANDS INC COM 349631101 15772 209100 SH DEFINED 0 208500 600 FOSSIL INC COM 349882100 3041 111600 SH DEFINED 0 111600 0 FOX ENTMT GROUP INC CL A 35138T107 2109 79000 SH DEFINED 0 79000 0 FULTON FINL CORP PA COM 360271100 555 27563 SH DEFINED 0 27563 0 GALLAGHER ARTHUR J & CO COM 363576109 652 21400 SH DEFINED 0 18000 3400 GANNETT INC COM 364730101 3114 36700 SH DEFINED 0 36700 0 GAP INC DEL COM 364760108 1186 48919 SH DEFINED 0 48919 0 GEN-PROBE INC NEW COM 36866T103 3544 74900 SH DEFINED 0 74900 0 GENENTECH INC COM NEW 368710406 17618 313495 SH DEFINED 0 312095 1400 GENERAL ELEC CO COM 369604103 716 22100 SH DEFINED 0 20000 2100 GENERAL MARITIME CORP SHS Y2692M103 612 22300 SH DEFINED 0 22300 0 GENERAL MLS INC COM 370334104 570 12000 SH DEFINED 0 12000 0 GENESCO INC COM 371532102 2292 97000 SH DEFINED 0 97000 0 GENESEE & WYO INC CL A 371559105 870 36700 SH DEFINED 0 36700 0 GENTEX CORP COM 371901109 4024 101400 SH DEFINED 0 101400 0 GENTIVA HEALTH SERVICES INC COM 37247A102 793 48800 SH DEFINED 0 48800 0 GEORGIA PAC CORP COM 373298108 14846 401454 SH DEFINED 0 400354 1100 GETTY IMAGES INC COM 374276103 1484 24730 SH DEFINED 0 24730 0 GETTY RLTY CORP NEW COM 374297109 365 14500 SH DEFINED 0 14500 0 GEVITY HR INC COM 374393106 1561 59600 SH DEFINED 0 59600 0 GILAT SATELLITE NETWORKS LTD SHS NEW M51474118 150 26000 SH DEFINED 0 26000 0 GIVEN IMAGING ORD SHS M52020100 661 18700 SH DEFINED 0 18700 0 GLACIER BANCORP INC NEW COM 37637Q105 287 10175 SH DEFINED 0 10175 0 GLOBAL IMAGING SYSTEMS COM 37934A100 1716 46800 SH DEFINED 0 46800 0 GLOBAL PMTS INC COM 37940X102 1994 44300 SH DEFINED 0 44300 0 GOLDEN WEST FINL CORP DEL COM 381317106 10167 95600 SH DEFINED 0 95100 500 GRACO INC COM 384109104 4202 135325 SH DEFINED 0 135325 0 GREENPOINT FINL CORP COM 395384100 2362 59500 SH DEFINED 0 59500 0 GRIFFON CORP COM 398433102 1462 65600 SH DEFINED 0 65600 0 GTECH HLDGS CORP COM 400518106 5103 110200 SH DEFINED 0 110200 0 GUIDANT CORP COM 401698105 950 17000 SH DEFINED 0 17000 0 GUITAR CTR MGMT INC COM 402040109 3835 86233 SH DEFINED 0 86233 0 HALLIBURTON CO COM 406216101 661 21850 SH DEFINED 0 20600 1250 HANCOCK HLDG CO COM 410120109 715 24600 SH DEFINED 0 24600 0 HARBOR FLA BANCSHARES INC COM 411901101 834 30300 SH DEFINED 0 30300 0 HARLEY DAVIDSON INC COM 412822108 2378 38400 SH DEFINED 0 38200 200 HARMAN INTL INDS INC COM 413086109 24006 263804 SH DEFINED 0 263629 175 HARRAHS ENTMT INC COM 413619107 1839 34000 SH DEFINED 0 34000 0 HARRIS CORP DEL DBCV 3.500% 8/1 413875AH8 389 300000 PRN DEFINED 0 300000 0 HARRIS CORP DEL COM 413875105 1624 32000 SH DEFINED 0 32000 0 HARRIS INTERACTIVE INC COM 414549105 161 24000 SH DEFINED 0 24000 0 HARTE-HANKS INC COM 416196103 2079 85150 SH DEFINED 0 85150 0 HARVEST NATURAL RESOURCES IN COM 41754V103 790 53000 SH DEFINED 0 53000 0 HCC INS HLDGS INC COM 404132102 2967 88800 SH DEFINED 0 88800 0 HEADWATERS INC COM 42210P102 4960 191282 SH DEFINED 0 190782 500 HEALTH MGMT ASSOC INC NEW CL A 421933102 673 30000 SH DEFINED 0 30000 0 HEALTH MGMT ASSOC INC NEW NOTE 1/2 421933AD4 223 250000 PRN DEFINED 0 250000 0 HEALTH NET INC COM 42222G108 530 20000 SH DEFINED 0 20000 0 HEARTLAND EXPRESS INC COM 422347104 482 17600 SH DEFINED 0 17600 0 HELEN OF TROY CORP LTD COM G4388N106 213 5775 SH SOLE 0 0 5775 HELEN OF TROY CORP LTD COM G4388N106 10098 273868 SH DEFINED 0 270268 3600 HERCULES INC COM 427056106 293 24000 SH DEFINED 0 24000 0 HEWLETT PACKARD CO COM 428236103 228 10800 SH DEFINED 0 10000 800 HIBBETT SPORTING GOODS INC COM 428565105 1300 47525 SH DEFINED 0 47525 0 HIBERNIA CORP CL A 428656102 899 37000 SH DEFINED 0 37000 0 HNI CORP COM 404251100 622 14700 SH DEFINED 0 14700 0 HOME DEPOT INC COM 437076102 9925 281948 SH DEFINED 0 280248 1700 HONEYWELL INTL INC COM 438516106 366 10000 SH DEFINED 0 10000 0 HORMEL FOODS CORP COM 440452100 467 15000 SH DEFINED 0 15000 0 HUDSON CITY BANCORP COM 443683107 1983 59300 SH DEFINED 0 59300 0 HUGHES SUPPLY INC COM 444482103 4249 72100 SH DEFINED 0 72100 0 HUMAN GENOME SCIENCES INC NOTE 3.750% 3/1 444903AH1 1172 1250000 PRN DEFINED 0 1250000 0 HUNT J B TRANS SVCS INC COM 445658107 6963 180475 SH DEFINED 0 178675 1800 HYPERION SOLUTIONS CORP COM 44914M104 778 17800 SH DEFINED 0 17800 0 IBERIABANK CORP COM 450828108 591 10000 SH DEFINED 0 10000 0 ICICI BK LTD ADR 45104G104 169 14000 SH DEFINED 0 14000 0 IDEX CORP COM 45167R104 1541 44850 SH DEFINED 0 44850 0 IDEXX LABS INC COM 45168D104 13815 219498 SH DEFINED 0 219498 0 IDX SYS CORP COM 449491109 239 7481 SH DEFINED 0 7231 250 IMAGISTICS INTERNATIONAL INC COM 45247T104 1104 31200 SH DEFINED 0 31200 0 IMC GLOBAL INC COM 449669100 469 35000 SH DEFINED 0 35000 0 IMCLONE SYS INC COM 45245W109 3414 39798 SH DEFINED 0 39648 150 IMMUCOR INC COM 452526106 1253 38500 SH DEFINED 0 38500 0 IMPAC MTG HLDGS INC COM 45254P102 1160 51500 SH DEFINED 0 51500 0 IMPAX LABORATORIES INC COM 45256B101 2114 109100 SH DEFINED 0 109100 0 IMPERIAL OIL LTD COM NEW 453038408 702 15000 SH DEFINED 0 15000 0 INAMED CORP COM 453235103 5677 90350 SH DEFINED 0 90350 0 INCO LTD COM 453258402 500 14480 SH DEFINED 0 13200 1280 INFINITY PPTY & CAS CORP COM 45665Q103 492 14900 SH DEFINED 0 14900 0 INFOSPACE INC COM NEW 45678T201 2244 59000 SH DEFINED 0 59000 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 956 14000 SH DEFINED 0 14000 0 INTEGRA LIFESCIENCES HLDGS C COM NEW 457985208 2307 65400 SH DEFINED 0 65400 0 INTEL CORP COM 458140100 1386 50200 SH DEFINED 0 49200 1000 INTERGRAPH CORP COM 458683109 2198 85000 SH DEFINED 0 85000 0 INTERNATIONAL BANCSHARES COR COM 459044103 453 11169 SH DEFINED 0 11169 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506101 333 8900 SH DEFINED 0 8900 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 16843 436350 SH DEFINED 0 435200 1150 INTERNATIONAL RECTIFIER NOTE 4.250 7/1 460254AD7 246 250000 PRN DEFINED 0 250000 0 INTERNATIONAL STL GROUP INC COM 460377104 607 20000 SH DEFINED 0 20000 0 INTERSTATE BAKERIES CORP DEL COM 46072H108 326 30000 SH DEFINED 0 30000 0 INVERESK RESH GROUP INC COM 461238107 1231 39900 SH DEFINED 0 39900 0 INVESTORS FINL SERVICES CORP COM 461915100 2501 57400 SH DEFINED 0 57400 0 INVITROGEN CORP COM 46185R100 7401 102806 SH DEFINED 0 102806 0 IOS CAP LLC SDCV 5.000 5/0 462230AA1 361 350000 PRN DEFINED 0 350000 0 IPC HLDGS LTD ORD G4933P101 997 27000 SH DEFINED 0 27000 0 IRON MTN INC PA COM 462846106 4720 97800 SH DEFINED 0 97800 0 ISLE OF CAPRI CASINOS INC COM 464592104 175 10000 SH DEFINED 0 10000 0 ISTAR FINL INC COM 45031U101 2000 50000 SH DEFINED 0 50000 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 1285 33800 SH DEFINED 0 33800 0 ITT INDS INC IND COM 450911102 8283 99800 SH DEFINED 0 99800 0 J2 GLOBAL COMMUNICATIONS INC COM NEW 46626E205 334 12000 SH DEFINED 0 12000 0 JACOBS ENGR GROUP INC DEL COM 469814107 3341 84850 SH DEFINED 0 84100 750 JARDEN CORP COM 471109108 4772 132600 SH DEFINED 0 132600 0 JETBLUE AWYS CORP COM 477143101 1175 40000 SH DEFINED 0 40000 0 JLG INDS INC COM 466210101 194 14000 SH DEFINED 0 14000 0 JOHNSON & JOHNSON COM 478160104 1911 34300 SH DEFINED 0 32000 2300 JOHNSON CTLS INC COM 478366107 6256 117200 SH DEFINED 0 116000 1200 JOY GLOBAL INC COM 481165108 1473 49200 SH DEFINED 0 49200 0 JUNIPER NETWORKS INC COM 48203R104 3791 154300 SH DEFINED 0 152000 2300 K V PHARMACEUTICAL CO CL A 482740206 733 31750 SH DEFINED 0 31750 0 KANSAS CITY SOUTHERN COM NEW 485170302 217 14000 SH DEFINED 0 14000 0 KELLOGG CO COM 487836108 6487 155000 SH DEFINED 0 155000 0 KELLWOOD CO COM 488044108 3118 71600 SH DEFINED 0 71600 0 KENSEY NASH CORP COM 490057106 1218 35300 SH DEFINED 0 35300 0 KERR MCGEE CORP COM 492386107 11945 222146 SH DEFINED 0 221646 500 KERYX BIOPHARMACEUTICALS INC COM 492515101 532 42000 SH DEFINED 0 42000 0 KEYCORP NEW COM 493267108 658 22000 SH DEFINED 0 22000 0 KIMBERLY CLARK CORP COM 494368103 329 5000 SH DEFINED 0 5000 0 KMART HLDG CORPORATION COM 498780105 681 15400 SH DEFINED 0 15400 0 KNIGHT RIDDER INC COM 499040103 2729 37900 SH DEFINED 0 37900 0 KNIGHT TRANSN INC COM 499064103 960 33400 SH DEFINED 0 33400 0 KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 544 20000 SH DEFINED 0 20000 0 KORN FERRY INTL COM NEW 500643200 10231 528174 SH DEFINED 0 526574 1600 KROLL INC COM 501049100 1696 46000 SH DEFINED 0 46000 0 KRONOS INC COM 501052104 2350 57050 SH DEFINED 0 57050 0 KYPHON INC COM 501577100 2029 72000 SH DEFINED 0 72000 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 15908 238144 SH DEFINED 0 235694 2450 L-3 COMMUNICATIONS HLDGS INC DEBT 4.000% 9/1 502424AD6 811 650000 PRN DEFINED 0 650000 0 LA Z BOY INC COM 505336107 180 10000 SH DEFINED 0 10000 0 LABONE INC NEW COM 50540L105 1166 36700 SH DEFINED 0 36700 0 LABORATORY CORP AMER HLDGS COM NEW 50540R409 1979 49848 SH DEFINED 0 48798 1050 LANCE INC COM 514606102 154 10000 SH DEFINED 0 10000 0 LANDRYS RESTAURANTS INC COM 51508L103 669 22398 SH DEFINED 0 22048 350 LANDSTAR SYS INC COM 515098101 4185 79160 SH DEFINED 0 79160 0 LASERSCOPE COM 518081104 1697 61600 SH DEFINED 0 61600 0 LAUDER ESTEE COS INC CL A 518439104 951 19500 SH DEFINED 0 16000 3500 LAWSON SOFTWARE INC COM 520780107 120 17000 SH DEFINED 0 17000 0 LCA-VISION INC COM PAR $.001 501803308 387 13000 SH DEFINED 0 13000 0 LEAPFROG ENTERPRISES INC CL A 52186N106 497 25000 SH DEFINED 0 25000 0 LEAR CORP COM 521865105 3519 59650 SH DEFINED 0 58600 1050 LEE ENTERPRISES INC COM 523768109 2199 45800 SH DEFINED 0 45800 0 LEGG MASON INC COM 524901105 14234 156400 SH DEFINED 0 156400 0 LEGG MASON INC NOTE 6/0 524901AG0 216 300000 PRN DEFINED 0 300000 0 LEHMAN BROS HLDGS INC COM 524908100 1881 25000 SH DEFINED 0 24100 900 LENNAR CORP NOTE 4/0 526057AF1 198 300000 PRN DEFINED 0 300000 0 LEUCADIA NATL CORP COM 527288104 1163 23400 SH DEFINED 0 23400 0 LEXAR MEDIA INC COM 52886P104 100 15000 SH DEFINED 0 15000 0 LEXMARK INTL NEW CL A 529771107 4827 50000 SH DEFINED 0 50000 0 LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 677 750000 PRN DEFINED 0 750000 0 LIBERTY MEDIA CORP DEB 3.250% 3/1 530715AR2 313 350000 PRN DEFINED 0 350000 0 LIBERTY MEDIA CORP NEW COM SER A 530718105 360 40000 SH DEFINED 0 40000 0 LIFEPOINT HOSPITALS INC COM 53219L109 558 15000 SH DEFINED 0 15000 0 LIFEPOINT HOSPITALS INC NOTE 4.500% 6/0 53219LAE9 414 400000 PRN DEFINED 0 400000 0 LINCARE HLDGS INC COM 532791100 2990 91000 SH DEFINED 0 91000 0 LINCOLN ELEC HLDGS INC COM 533900106 750 22000 SH DEFINED 0 22000 0 LINCOLN NATL CORP IND COM 534187109 709 15000 SH DEFINED 0 15000 0 LINENS N THINGS INC COM 535679104 469 16000 SH DEFINED 0 16000 0 LIZ CLAIBORNE INC COM 539320101 720 20000 SH DEFINED 0 20000 0 LOCKHEED MARTIN CORP COM 539830109 781 15000 SH DEFINED 0 15000 0 LOEWS CORP COM 540424108 1319 22000 SH DEFINED 0 22000 0 LOEWS CORP NOTE 3.125% 9/1 540424AL2 382 400000 PRN DEFINED 0 400000 0 LOWES COS INC COM 548661107 4467 85000 SH DEFINED 0 81300 3700 LUBRIZOL CORP COM 549271104 439 12000 SH DEFINED 0 12000 0 M & T BK CORP COM 55261F104 2916 33400 SH DEFINED 0 33400 0 MACDERMID INC COM 554273102 1032 30500 SH DEFINED 0 30500 0 MACERICH CO COM 554382101 2633 55000 SH DEFINED 0 55000 0 MACROMEDIA INC COM 556100105 3459 140890 SH DEFINED 0 140890 0 MACROVISION CORP COM 555904101 611 24400 SH DEFINED 0 24400 0 MAF BANCORP INC COM 55261R108 350 8200 SH DEFINED 0 8200 0 MAGNA INTL INC CL A 559222401 2300 27000 SH DEFINED 0 27000 0 MARKEL CORP COM 570535104 1027 3700 SH DEFINED 0 3700 0 MARSHALL & ILSLEY CORP COM 571834100 704 18000 SH DEFINED 0 18000 0 MARTEK BIOSCIENCES CORP COM 572901106 3612 64300 SH DEFINED 0 64300 0 MARVEL ENTERPRISES INC COM 57383M108 4368 223750 SH DEFINED 0 223750 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 9328 349368 SH DEFINED 0 349368 0 MASSEY ENERGY CORP COM 576206106 3526 125000 SH DEFINED 0 125000 0 MATRIA HEALTHCARE INC COM NEW 576817209 602 24000 SH DEFINED 0 24000 0 MATTHEWS INTL CORP CL A 577128101 929 28200 SH DEFINED 0 28200 0 MAVERICK TUBE CORP DEL NOTE 4.000 6/1 57774LAA5 312 250000 PRN DEFINED 0 250000 0 MAXIMUS INC COM 577933104 238 6700 SH DEFINED 0 6700 0 MB FINANCIAL INC NEW COM 55264U108 359 9750 SH DEFINED 0 9750 0 MBNA CORP COM 55262L100 9341 362200 SH DEFINED 0 362200 0 MCCLATCHY CO CL A 579489105 1536 21900 SH DEFINED 0 21900 0 MCCORMICK & CO INC COM NON VTG 579780206 1476 43400 SH DEFINED 0 43400 0 MCDONALDS CORP COM 580135101 3120 120000 SH DEFINED 0 120000 0 MCGRAW HILL COS INC COM 580645109 2527 33000 SH DEFINED 0 33000 0 MECHANICAL TECHNOLOGY INC COM 583538103 179 30000 SH DEFINED 0 30000 0 MEDICINES CO COM 584688105 3905 128000 SH DEFINED 0 128000 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 3468 86800 SH DEFINED 0 86800 0 MEDSOURCE TECHNOLOGIES INC COM 58505Y103 582 82000 SH DEFINED 0 82000 0 MEDTRONIC INC DBCV 1.250% 9/1 585055AB2 254 250000 PRN DEFINED 0 250000 0 MEDTRONIC INC COM 585055106 755 15500 SH DEFINED 0 13800 1700 MEMC ELECTR MATLS INC COM 552715104 148 15000 SH DEFINED 0 15000 0 MENTOR CORP MINN COM 587188103 3227 94100 SH DEFINED 0 94100 0 MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 842 800000 PRN DEFINED 0 800000 0 MERCK & CO INC COM 589331107 950 20000 SH DEFINED 0 20000 0 MERCURY COMPUTER SYS COM 589378108 496 20000 SH DEFINED 0 20000 0 MERCURY GENL CORP NEW COM 589400100 755 15200 SH DEFINED 0 15200 0 MEREDITH CORP COM 589433101 3759 68400 SH DEFINED 0 68400 0 MERIDIAN RESOURCE CORP COM 58977Q109 105 15200 SH DEFINED 0 15200 0 MERRILL LYNCH & CO INC COM 590188108 516 9550 SH DEFINED 0 8400 1150 MGI PHARMA INC COM 552880106 3047 112800 SH DEFINED 0 112800 0 MGM MIRAGE COM 552953101 1784 38000 SH DEFINED 0 38000 0 MICHAELS STORES INC COM 594087108 275 5000 SH DEFINED 0 5000 0 MICROS SYS INC COM 594901100 772 16100 SH DEFINED 0 16100 0 MICROSOFT CORP COM 594918104 1904 66650 SH DEFINED 0 60700 5950 MIDDLEBY CORP COM 596278101 1125 20600 SH DEFINED 0 20600 0 MIDLAND CO COM 597486109 213 7200 SH DEFINED 0 7200 0 MILLS CORP COM 601148109 579 12400 SH DEFINED 0 12400 0 MIND C T I LTD ORD M70240102 70 15000 SH DEFINED 0 0 15000 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1037 8500 SH DEFINED 0 8500 0 MOBILITY ELECTRONICS INC COM 60741U101 313 37000 SH DEFINED 0 37000 0 MODINE MFG CO COM 607828100 1098 34469 SH DEFINED 0 34469 0 MOHAWK INDS INC COM 608190104 1467 20000 SH DEFINED 0 20000 0 MOODYS CORP COM 615369105 323 5000 SH DEFINED 0 5000 0 MOOG INC CL A 615394202 1577 42500 SH DEFINED 0 42500 0 MOTOROLA INC COM 620076109 11777 645304 SH DEFINED 0 644204 1100 MSC INDL DIRECT INC CL A 553530106 397 12100 SH DEFINED 0 12100 0 MULTIMEDIA GAMES INC COM 625453105 2451 91400 SH DEFINED 0 91400 0 MURPHY OIL CORP COM 626717102 3759 51000 SH DEFINED 0 51000 0 MYLAN LABS INC COM 628530107 3820 188650 SH DEFINED 0 188650 0 NABI BIOPHARMACEUTICALS COM 629519109 1524 107200 SH DEFINED 0 107200 0 NATIONAL COMMERCE FINL CORP COM 63545P104 488 15000 SH DEFINED 0 15000 0 NATIONAL FUEL GAS CO N J COM 636180101 500 20000 SH DEFINED 0 20000 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 3250 147800 SH DEFINED 0 147800 0 NATIONWIDE FINL SVCS INC CL A 638612101 226 6000 SH DEFINED 0 6000 0 NAVARRE CORP COM 639208107 1558 108300 SH DEFINED 0 108300 0 NAVIGANT CONSULTING INC COM 63935N107 6844 319194 SH DEFINED 0 318644 550 NAVISTAR FINL CORP NOTE 4.750% 4/0 638902AM8 197 200000 PRN DEFINED 0 200000 0 NBT BANCORP INC COM 628778102 538 24100 SH DEFINED 0 24100 0 NBTY INC COM 628782104 3109 105800 SH DEFINED 0 105800 0 NEKTAR THERAPEUTICS COM 640268108 527 26400 SH DEFINED 0 26400 0 NEUROCRINE BIOSCIENCES INC COM 64125C109 3334 64300 SH DEFINED 0 64300 0 NEW CENTURY FINANCIAL CORP COM 64352D101 1156 24700 SH DEFINED 0 24700 0 NEW YORK CMNTY BANCORP INC COM 649445103 3016 153643 SH DEFINED 0 151000 2643 NEWCASTLE INVT CORP COM 65105M108 1054 35200 SH DEFINED 0 35200 0 NEWELL RUBBERMAID INC COM 651229106 517 22000 SH DEFINED 0 22000 0 NEWFIELD EXPL CO COM 651290108 340 6100 SH DEFINED 0 6100 0 NEWMONT MINING CORP COM 651639106 388 10000 SH DEFINED 0 10000 0 NEWS CORP LTD ADR NEW 652487703 425 12000 SH DEFINED 0 12000 0 NEXTEL COMMUNICATIONS INC CL A 65332V103 9484 355748 SH DEFINED 0 350948 4800 NIC INC COM 62914B100 257 36000 SH DEFINED 0 36000 0 NII HLDGS INC CL B NEW 62913F201 1587 47100 SH DEFINED 0 47100 0 NMS COMMUNICATIONS CORP COM 629248105 701 95000 SH DEFINED 0 95000 0 NOMURA HLDGS INC SPONSORED ADR 65535H208 239 16000 SH DEFINED 0 16000 0 NORDSON CORP COM 655663102 859 19800 SH DEFINED 0 19800 0 NORDSTROM INC COM 655664100 5844 137150 SH DEFINED 0 136550 600 NORFOLK SOUTHERN CORP COM 655844108 15443 582298 SH DEFINED 0 580248 2050 NOVATEL WIRELESS INC COM NEW 66987M604 730 37000 SH DEFINED 0 37000 0 NOVELL INC COM 670006105 336 40000 SH DEFINED 0 40000 0 NU SKIN ENTERPRISES INC CL A 67018T105 9730 384269 SH DEFINED 0 383769 500 NUTRACEUTICAL INTL CORP COM 67060Y101 682 32000 SH DEFINED 0 32000 0 O REILLY AUTOMOTIVE INC COM 686091109 2649 58600 SH DEFINED 0 58600 0 ODYSSEY HEALTHCARE INC COM 67611V101 423 22500 SH DEFINED 0 22500 0 ODYSSEY RE HLDGS CORP COM 67612W108 571 23800 SH DEFINED 0 23800 0 OHIO CAS CORP NOTE 5.000% 3/1 677240AC7 368 350000 PRN DEFINED 0 350000 0 OIL STS INTL INC COM 678026105 612 40000 SH DEFINED 0 40000 0 OLD DOMINION FGHT LINES INC COM 679580100 1159 39300 SH DEFINED 0 39300 0 OLD REP INTL CORP COM 680223104 593 25000 SH DEFINED 0 25000 0 OM GROUP INC COM 670872100 419 12700 SH DEFINED 0 12700 0 OMI CORP NEW COM Y6476W104 179 15000 SH DEFINED 0 15000 0 OMNICARE CAP TR I PIERS 68214L201 310 5000 SH DEFINED 0 5000 0 OMNICARE INC COM 681904108 3040 71000 SH DEFINED 0 71000 0 OMNICOM GROUP INC COM 681919106 2038 26850 SH DEFINED 0 25100 1750 OMNIVISION TECHNOLOGIES INC COM 682128103 319 20000 SH DEFINED 0 20000 0 ONYX PHARMACEUTICALS INC COM 683399109 1868 44100 SH DEFINED 0 44100 0 OPEN JT STK CO-VIMPEL COMMUN SPONSORED ADR 68370R109 820 8500 SH DEFINED 0 8500 0 OPSWARE INC COM 68383A101 1426 180000 SH DEFINED 0 180000 0 ORBITAL SCIENCES CORP COM 685564106 1188 86000 SH DEFINED 0 86000 0 ORIENTAL FINL GROUP INC COM 68618W100 963 35592 SH DEFINED 0 35592 0 ORTHODONTIC CTRS AMER INC COM 68750P103 246 30000 SH DEFINED 0 30000 0 OSHKOSH TRUCK CORP COM 688239201 2436 42500 SH DEFINED 0 42500 0 OSI SYSTEMS INC COM 671044105 399 20000 SH DEFINED 0 20000 0 OVERNITE CORP COM 690322102 212 7200 SH DEFINED 0 7200 0 OXFORD HEALTH PLANS INC COM 691471106 3798 69000 SH DEFINED 0 69000 0 OXFORD INDS INC COM 691497309 1355 31100 SH DEFINED 0 31100 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 3802 92386 SH DEFINED 0 92386 0 PACIFIC CAP BANCORP NEW COM 69404P101 970 33733 SH DEFINED 0 33733 0 PALL CORP COM 696429307 576 22000 SH DEFINED 0 22000 0 PALMONE INC COM 69713P107 556 16000 SH DEFINED 0 16000 0 PAN PACIFIC RETAIL PPTYS INC COM 69806L104 1773 35100 SH DEFINED 0 35100 0 PARTNERRE LTD COM G6852T105 1135 20000 SH DEFINED 0 20000 0 PATINA OIL & GAS CORP COM 703224105 17355 581004 SH DEFINED 0 579854 1150 PATINA OIL & GAS CORP COM 703224105 203 6785 SH SOLE 0 0 6785 PATTERSON COMPANIES INC COMMON 703395103 11802 154300 SH DEFINED 0 152000 2300 PAXAR CORP COM 704227107 972 49800 SH DEFINED 0 49800 0 PEABODY ENERGY CORP COM 704549104 2144 38300 SH DEFINED 0 38300 0 PENGROWTH ENERGY TR COM 706902103 895 64000 SH DEFINED 0 64000 0 PENN NATL GAMING INC COM 707569109 3200 96400 SH DEFINED 0 96400 0 PENNEY J C INC NOTE 5.000 10/1 708160BU9 1271 950000 PRN DEFINED 0 950000 0 PENNEY J C INC COM 708160106 11193 296421 SH DEFINED 0 295771 650 PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 959 28000 SH DEFINED 0 28000 0 PENTAIR INC COM 709631105 2401 71388 SH DEFINED 0 71388 0 PEPCO HOLDINGS INC COM 713291102 183 10000 SH DEFINED 0 10000 0 PEPSIAMERICAS INC COM 71343P200 1080 50837 SH DEFINED 0 50837 0 PERRIGO CO COM 714290103 522 27500 SH DEFINED 0 27500 0 PETCO ANIMAL SUPPLIES COM NEW 716016209 332 10300 SH DEFINED 0 10300 0 PETROCHINA CO LTD SPONSORED ADR 71646E100 232 5000 SH DEFINED 0 5000 0 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 589 21000 SH DEFINED 0 21000 0 PETSMART INC COM 716768106 5467 168463 SH DEFINED 0 168113 350 PFF BANCORP INC COM 69331W104 931 25000 SH DEFINED 0 25000 0 PFIZER INC COM 717081103 18474 538926 SH DEFINED 0 534551 4375 PHARMACEUTICAL PROD DEV INC COM 717124101 635 20000 SH DEFINED 0 20000 0 PHELPS DODGE CORP COM 717265102 11208 144600 SH DEFINED 0 143900 700 PHILADELPHIA CONS HLDG CORP COM 717528103 1279 21300 SH DEFINED 0 21300 0 PHOENIX COS INC NEW COM 71902E109 196 16000 SH DEFINED 0 16000 0 PIXELWORKS INC COM 72581M107 9000 587450 SH DEFINED 0 586750 700 PLANTRONICS INC NEW COM 727493108 2467 58600 SH DEFINED 0 58600 0 PNC FINL SVCS GROUP INC COM 693475105 796 15000 SH DEFINED 0 15000 0 POGO PRODUCING CO COM 730448107 4555 92200 SH DEFINED 0 92200 0 POLO RALPH LAUREN CORP CL A 731572103 630 18300 SH DEFINED 0 18300 0 POLYMEDICA CORP COM 731738100 2173 70000 SH DEFINED 0 70000 0 POPULAR INC COM 733174106 1193 27900 SH DEFINED 0 27900 0 POSSIS MEDICAL INC COM 737407106 779 22800 SH DEFINED 0 22800 0 POTLATCH CORP COM 737628107 8385 201373 SH DEFINED 0 200673 700 PPL CORP COM 69351T106 689 15000 SH DEFINED 0 15000 0 PRAXAIR INC COM 74005P104 6386 160000 SH DEFINED 0 160000 0 PRECISION DRILLING CORP COM 74022D100 1440 30000 SH DEFINED 0 30000 0 PREMCOR INC COM 74045Q104 1650 44000 SH DEFINED 0 44000 0 PRINCIPAL FINANCIAL GROUP IN COM 74251V102 522 15000 SH DEFINED 0 15000 0 PRIVATEBANCORP INC COM 742962103 1149 41800 SH DEFINED 0 41800 0 PROASSURANCE CORP COM 74267C106 2159 63300 SH DEFINED 0 63300 0 PROCTER & GAMBLE CO COM 742718109 9973 183200 SH DEFINED 0 183200 0 PROGRESS ENERGY INC COM 743263105 617 14000 SH DEFINED 0 14000 0 PROGRESSIVE CORP OHIO COM 743315103 4862 57000 SH DEFINED 0 57000 0 PROLOGIS SH BEN INT 743410102 2881 87500 SH DEFINED 0 87500 0 PROQUEST COMPANY COM 74346P102 463 17000 SH DEFINED 0 17000 0 PSS WORLD MED INC COM 69366A100 291 26000 SH DEFINED 0 26000 0 PSYCHIATRIC SOLUTIONS INC COM 74439H108 606 24300 SH DEFINED 0 24300 0 PTEK HLDGS INC COM 69366M104 927 80400 SH DEFINED 0 80400 0 PULTE HOMES INC COM 745867101 3007 57800 SH DEFINED 0 57000 800 QLT INC COM 746927102 2248 112200 SH DEFINED 0 112200 0 QUAKER CITY BANCORP INC COM 74731K106 275 5000 SH DEFINED 0 5000 0 QUALCOMM INC COM 747525103 18127 248385 SH DEFINED 0 244585 3800 QUEST DIAGNOSTICS INC DBCV 1.750%11/3 74834LAF7 316 300000 PRN DEFINED 0 300000 0 QUEST DIAGNOSTICS INC COM 74834L100 8086 95180 SH DEFINED 0 94880 300 QUIKSILVER INC COM 74838C106 2255 94700 SH DEFINED 0 94700 0 R & G FINANCIAL CORP CL B 749136107 1147 34700 SH DEFINED 0 34700 0 R H DONNELLEY CORP COM NEW 74955W307 3993 91300 SH DEFINED 0 91300 0 RADIAN GROUP INC DBCV 2.250% 1/0 750236AF8 356 350000 PRN DEFINED 0 350000 0 RADIO ONE INC CL A 75040P108 419 26094 SH DEFINED 0 26094 0 RADIO ONE INC CL D NON VTG 75040P405 3088 192891 SH DEFINED 0 192891 0 RAE SYS INC COM 75061P102 97 18000 SH DEFINED 0 18000 0 RALCORP HLDGS INC NEW COM 751028101 260 7400 SH DEFINED 0 7400 0 RANGE RES CORP COM 75281A109 253 17300 SH DEFINED 0 17300 0 RARE HOSPITALITY INTL INC COM 753820109 2282 91650 SH DEFINED 0 91650 0 RAYOVAC CORP COM 755081106 860 30600 SH DEFINED 0 30600 0 RC2 CORP COM 749388104 422 11900 SH DEFINED 0 11900 0 RED HAT INC COM 756577102 2756 119973 SH DEFINED 0 119973 0 RED ROBIN GOURMET BURGERS IN COM 75689M101 432 15800 SH DEFINED 0 15800 0 REDWOOD TR INC COM 758075402 418 7500 SH DEFINED 0 7500 0 REEBOK INTL LTD COM 758110100 540 15000 SH DEFINED 0 15000 0 REGENCY CTRS CORP COM 758849103 1047 24400 SH DEFINED 0 24400 0 REGIONS FINL CORP NEW COMMON 7591EP100 585 16000 SH DEFINED 0 16000 0 REGIS CORP MINN COM 758932107 3848 86300 SH DEFINED 0 86300 0 RENAISSANCE RE HLDGS LTD COM G7496G103 5411 100300 SH DEFINED 0 100300 0 RENAL CARE GROUP INC COM 759930100 4368 131850 SH DEFINED 0 131850 0 RENT WAY INC COM 76009U104 1082 120262 SH DEFINED 0 120262 0 REPUBLIC BANCORP INC COM 760282103 202 14520 SH DEFINED 0 14520 0 REPUBLIC SVCS INC COM 760759100 2451 84700 SH DEFINED 0 84700 0 RESEARCH IN MOTION LTD COM 760975102 8158 119184 SH DEFINED 0 118884 300 RESMED INC COM 761152107 4188 82184 SH DEFINED 0 82184 0 RESOURCES CONNECTION INC COM 76122Q105 1791 45800 SH DEFINED 0 45800 0 RESPIRONICS INC COM 761230101 2650 45100 SH DEFINED 0 45100 0 RIO TINTO PLC SPONSORED ADR 767204100 787 8000 SH DEFINED 0 8000 0 RLI CORP COM 749607107 1413 38700 SH DEFINED 0 38700 0 ROCKWELL AUTOMATION INC COM 773903109 13136 350200 SH DEFINED 0 349100 1100 ROCKWELL COLLINS INC COM 774341101 2199 66000 SH DEFINED 0 66000 0 ROFIN SINAR TECHNOLOGIES INC COM 775043102 378 14900 SH DEFINED 0 14900 0 ROGERS CORP COM 775133101 3243 46391 SH DEFINED 0 46191 200 ROLLINS INC COM 775711104 354 15400 SH DEFINED 0 15400 0 ROPER INDS INC NEW COM 776696106 797 14000 SH DEFINED 0 14000 0 ROSS STORES INC COM 778296103 2719 101600 SH DEFINED 0 101600 0 ROYAL CARIBBEAN CRUISES LTD NOTE 5/1 780153AM4 385 550000 PRN DEFINED 0 550000 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2661 61300 SH DEFINED 0 61300 0 RUBY TUESDAY INC COM 781182100 3722 135600 SH DEFINED 0 135600 0 RYDER SYS INC COM 783549108 829 20700 SH DEFINED 0 20700 0 S & T BANCORP INC COM 783859101 253 7900 SH DEFINED 0 7900 0 S1 CORPORATION COM 78463B101 795 80000 SH DEFINED 0 80000 0 SAFECO CORP COM 786429100 1276 29000 SH DEFINED 0 29000 0 SALIX PHARMACEUTICALS INC COM 795435106 1733 52600 SH DEFINED 0 52600 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 658 27000 SH DEFINED 0 27000 0 SANDISK CORP COM 80004C101 434 20000 SH DEFINED 0 20000 0 SAPIENT CORP COM 803062108 2870 477575 SH DEFINED 0 477575 0 SARA LEE CORP COM 803111103 460 20000 SH DEFINED 0 20000 0 SCANSOURCE INC COM 806037107 1503 25300 SH DEFINED 0 25300 0 SCHEIN HENRY INC COM 806407102 4799 76000 SH DEFINED 0 76000 0 SCHLUMBERGER LTD COM 806857108 14498 228272 SH DEFINED 0 227047 1225 SCHOOL SPECIALTY INC NOTE 6.000% 8/0 807863AC9 228 200000 PRN DEFINED 0 200000 0 SCIENTIFIC GAMES CORP CL A 80874P109 1719 89800 SH DEFINED 0 89800 0 SCOTTISH PWR PLC SPON ADR FINAL 81013T705 738 25000 SH DEFINED 0 25000 0 SCOTTS CO CL A 810186106 3890 60900 SH DEFINED 0 60900 0 SCP POOL CORP COM 784028102 3015 67000 SH DEFINED 0 67000 0 SCRIPPS E W CO OHIO CL A 811054204 3654 34800 SH DEFINED 0 34800 0 SEATTLE GENETICS INC COM 812578102 176 25000 SH DEFINED 0 25000 0 SEI INVESTMENTS CO COM 784117103 581 20000 SH DEFINED 0 20000 0 SELECT COMFORT CORP COM 81616X103 1730 60900 SH DEFINED 0 60900 0 SFBC INTL INC COM 784121105 1067 34050 SH DEFINED 0 34050 0 SHUFFLE MASTER INC COM 825549108 4934 135885 SH DEFINED 0 135885 0 SI INTL INC COM 78427V102 438 21500 SH DEFINED 0 21500 0 SIERRA HEALTH SVCS INC COM 826322109 4390 98200 SH DEFINED 0 98200 0 SIERRA WIRELESS INC COM 826516106 448 12100 SH DEFINED 0 12100 0 SIGMATEL INC COM 82661W107 311 10700 SH DEFINED 0 10700 0 SILICON GRAPHICS INC COM 827056102 88 40000 SH DEFINED 0 40000 0 SILICON LABORATORIES INC COM 826919102 2318 50000 SH DEFINED 0 50000 0 SIMPSON MANUFACTURING CO INC COM 829073105 2245 40000 SH DEFINED 0 40000 0 SIRVA INC COM 82967Y104 371 15000 SH DEFINED 0 15000 0 SLM CORP COM 78442P106 3028 74850 SH DEFINED 0 72000 2850 SMUCKER J M CO COM NEW 832696405 2679 58360 SH DEFINED 0 58360 0 SNAP ON INC COM 833034101 597 17800 SH DEFINED 0 17800 0 SONIC CORP COM 835451105 4313 189600 SH DEFINED 0 189600 0 SONIC SOLUTIONS COM 835460106 2021 95100 SH DEFINED 0 95100 0 SONOCO PRODS CO COM 835495102 510 20000 SH DEFINED 0 20000 0 SOUTH FINL GROUP INC COM 837841105 1098 38690 SH DEFINED 0 38690 0 SOUTHERN CO COM 842587107 1516 52000 SH DEFINED 0 52000 0 SOUTHTRUST CORP COM 844730101 6287 162000 SH DEFINED 0 162000 0 SOUTHWEST BANCORPORATION TEX COM 84476R109 221 5000 SH DEFINED 0 5000 0 SOUTHWESTERN ENERGY CO COM 845467109 3334 116305 SH DEFINED 0 116305 0 SOVEREIGN BANCORP INC COM 845905108 8481 383761 SH DEFINED 0 383761 0 SPORTS AUTH INC NEW COM 84917U109 503 14000 SH DEFINED 0 14000 0 SS&C TECHNOLOGIES INC COM 85227Q100 317 16950 SH DEFINED 0 16950 0 ST JOE CO COM 790148100 278 7000 SH DEFINED 0 7000 0 ST JUDE MED INC COM 790849103 6786 89700 SH DEFINED 0 89700 0 STANLEY WKS COM 854616109 3444 75565 SH DEFINED 0 75565 0 STAPLES INC COM 855030102 10661 362500 SH DEFINED 0 362300 200 STARBUCKS CORP COM 855244109 5213 119869 SH DEFINED 0 119869 0 STARTEK INC COM 85569C107 340 9500 SH DEFINED 0 6600 2900 STATE AUTO FINL CORP COM 855707105 304 9900 SH DEFINED 0 9900 0 STATION CASINOS INC COM 857689103 11869 245222 SH DEFINED 0 245222 0 STEELCASE INC CL A 858155203 420 30000 SH DEFINED 0 30000 0 STERICYCLE INC COM 858912108 5155 99624 SH DEFINED 0 99624 0 STERIS CORP COM 859152100 677 30000 SH DEFINED 0 30000 0 STERLING FINL CORP WASH COM 859319105 508 15939 SH DEFINED 0 15939 0 STRAYER ED INC COM 863236105 1849 16570 SH DEFINED 0 16570 0 STRYKER CORP COM 863667101 12978 235957 SH DEFINED 0 229857 6100 SUN MICROSYSTEMS INC COM 866810104 173 40000 SH DEFINED 0 40000 0 SUNCOR ENERGY INC COM 867229106 2266 88500 SH DEFINED 0 88500 0 SUNGARD DATA SYS INC COM 867363103 520 20000 SH DEFINED 0 20000 0 SUNOPTA INC COM 8676EP108 944 110700 SH DEFINED 0 110700 0 SUNTRUST BKS INC COM 867914103 975 15000 SH DEFINED 0 15000 0 SUPERIOR INDS INTL INC COM 868168105 368 11000 SH DEFINED 0 11000 0 SYBRON DENTAL SPECIALTIES IN COM 871142105 1045 35000 SH DEFINED 0 35000 0 SYMANTEC CORP COM 871503108 15153 346122 SH DEFINED 0 343072 3050 SYMYX TECHNOLOGIES COM 87155S108 543 22500 SH DEFINED 0 22500 0 SYSCO CORP COM 871829107 5936 165500 SH DEFINED 0 165000 500 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 858 28000 SH DEFINED 0 28000 0 TALBOTS INC COM 874161102 313 8000 SH DEFINED 0 8000 0 TALISMAN ENERGY INC COM 87425E103 326 15000 SH DEFINED 0 15000 0 TARGET CORP COM 87612E106 2582 60800 SH DEFINED 0 60200 600 TAUBMAN CTRS INC COM 876664103 554 24200 SH DEFINED 0 24200 0 TBC CORP COM 872180104 307 12900 SH DEFINED 0 12900 0 TCF FINL CORP COM 872275102 1742 30000 SH DEFINED 0 30000 0 TDC A/S SPONSORED ADR 87236N102 410 25000 SH DEFINED 0 25000 0 TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 3484 93200 SH DEFINED 0 93200 0 TEKTRONIX INC COM 879131100 1398 41100 SH DEFINED 0 41100 0 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 3917 131450 SH DEFINED 0 130450 1000 TELEFLEX INC COM 879369106 702 14000 SH DEFINED 0 14000 0 TELIK INC COM 87959M109 1308 54800 SH DEFINED 0 54800 0 TELLABS INC COM 879664100 306 35000 SH DEFINED 0 35000 0 TESORO PETE CORP COM 881609101 276 10000 SH DEFINED 0 10000 0 TETRA TECH INC NEW COM 88162G103 359 22000 SH DEFINED 0 22000 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 5106 76000 SH DEFINED 0 76000 0 TEXAS REGL BANCSHARES INC CL A VTG 882673106 1254 27320 SH DEFINED 0 27320 0 TEXTRON INC COM 883203101 1775 29900 SH DEFINED 0 29900 0 THERMO ELECTRON CORP COM 883556102 615 20000 SH DEFINED 0 20000 0 THOMAS & BETTS CORP COM 884315102 9093 333945 SH DEFINED 0 333495 450 THOR INDS INC COM 885160101 2148 64200 SH DEFINED 0 63000 1200 THREE FIVE SYS INC COM 88554L108 230 45000 SH DEFINED 0 45000 0 TIBCO SOFTWARE INC COM 88632Q103 3338 395000 SH DEFINED 0 395000 0 TIMBERLAND CO CL A 887100105 1421 22000 SH DEFINED 0 22000 0 TJX COS INC NEW COM 872540109 4393 182000 SH DEFINED 0 182000 0 TJX COS INC NEW NOTE 2/1 872540AL3 214 250000 PRN DEFINED 0 250000 0 TLC VISION CORP COM 872549100 1129 97000 SH DEFINED 0 97000 0 TORCHMARK CORP COM 891027104 4734 88000 SH DEFINED 0 88000 0 TORO CO COM 891092108 7657 109274 SH DEFINED 0 109274 0 TRACTOR SUPPLY CO COM 892356106 2783 66540 SH DEFINED 0 66540 0 TRANSACTION SYS ARCHITECTS CL A 893416107 226 10500 SH DEFINED 0 10500 0 TRANSOCEAN INC ORD G90078109 1707 59000 SH DEFINED 0 59000 0 TRIAD GTY INC COM 895925105 221 3800 SH DEFINED 0 3800 0 TRIMBLE NAVIGATION LTD COM 896239100 3800 136750 SH DEFINED 0 136750 0 TRUSTCO BK CORP N Y COM 898349105 207 15800 SH DEFINED 0 15800 0 TRUSTMARK CORP COM 898402102 318 11000 SH DEFINED 0 11000 0 TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 611 18000 SH DEFINED 0 18000 0 TUESDAY MORNING CORP COM NEW 899035505 1128 38880 SH DEFINED 0 38880 0 TXU CORP COM 873168108 7950 196250 SH DEFINED 0 196000 250 TYLER TECHNOLOGIES INC COM 902252105 908 96000 SH DEFINED 0 96000 0 TYSON FOODS INC CL A 902494103 1115 53205 SH DEFINED 0 53205 0 UCBH HOLDINGS INC COM 90262T308 1964 49700 SH DEFINED 0 49700 0 UGI CORP NEW COM 902681105 3509 109300 SH DEFINED 0 109300 0 ULTRA PETROLEUM CORP COM 903914109 4988 133610 SH DEFINED 0 133610 0 UMPQUA HLDGS CORP COM 904214103 315 15000 SH DEFINED 0 15000 0 UNILEVER PLC SPON ADR NEW 904767704 557 14000 SH DEFINED 0 14000 0 UNION PAC CORP COM 907818108 832 14000 SH DEFINED 0 14000 0 UNIT CORP COM 909218109 912 29000 SH DEFINED 0 29000 0 UNITED DEFENSE INDS INC COM 91018B104 1827 52200 SH DEFINED 0 52200 0 UNITED NAT FOODS INC COM 911163103 2984 103200 SH DEFINED 0 103200 0 UNITED SURGICAL PARTNERS INT COM 913016309 2100 53200 SH DEFINED 0 53200 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 839 32700 SH DEFINED 0 32700 0 UNITEDGLOBALCOM CL A 913247508 348 48000 SH DEFINED 0 48000 0 UNITEDHEALTH GROUP INC COM 91324P102 4470 71813 SH DEFINED 0 70413 1400 UNIVERSAL CORP VA COM 913456109 815 16000 SH DEFINED 0 16000 0 UNIVERSAL TECHNICAL INST INC COM 913915104 252 6300 SH DEFINED 0 6300 0 UNIVISION COMMUNICATIONS INC CL A 914906102 396 12400 SH DEFINED 0 12400 0 UNUMPROVIDENT CORP COM 91529Y106 398 25000 SH DEFINED 0 25000 0 URBAN OUTFITTERS INC COM 917047102 10526 172814 SH DEFINED 0 172564 250 US BANCORP DEL COM NEW 902973304 692 25100 SH DEFINED 0 23900 1200 USEC INC COM 90333E108 360 41000 SH DEFINED 0 41000 0 UTI WORLDWIDE INC ORD G87210103 1236 23400 SH DEFINED 0 23400 0 VAIL RESORTS INC COM 91879Q109 347 18100 SH DEFINED 0 18100 0 VALENCE TECHNOLOGY INC COM 918914102 206 60000 SH DEFINED 0 60000 0 VALERO ENERGY CORP NEW COM 91913Y100 590 8000 SH DEFINED 0 8000 0 VALSPAR CORP COM 920355104 1426 28300 SH DEFINED 0 28300 0 VALUECLICK INC COM 92046N102 1701 142000 SH DEFINED 0 142000 0 VARIAN MED SYS INC COM 92220P105 15426 194400 SH DEFINED 0 194400 0 VCA ANTECH INC COM 918194101 1401 31260 SH DEFINED 0 31260 0 VECTOR GROUP LTD NOTE 6.250 7/1 92240MAA6 441 500000 PRN DEFINED 0 500000 0 VENTANA MED SYS INC COM 92276H106 1141 24000 SH DEFINED 0 24000 0 VENTIV HEALTH INC COM 922793104 650 42000 SH DEFINED 0 42000 0 VERITAS DGC INC COM 92343P107 347 15000 SH DEFINED 0 15000 0 VIACOM INC CL B 925524308 778 21776 SH DEFINED 0 21776 0 VISHAY INTERTECHNOLOGY INC COM 928298108 372 20000 SH DEFINED 0 20000 0 VISX INC DEL COM 92844S105 462 17300 SH DEFINED 0 17300 0 W HLDG CO INC COM 929251106 394 22950 SH DEFINED 0 22950 0 WALGREEN CO COM 931422109 12264 338700 SH DEFINED 0 337300 1400 WASHINGTON FED INC COM 938824109 1726 71900 SH DEFINED 0 71900 0 WASHINGTON POST CO CL B 939640108 1860 2000 SH DEFINED 0 2000 0 WASHINGTON TR BANCORP COM 940610108 234 9000 SH DEFINED 0 9000 0 WASTE MGMT INC DEL COM 94106L109 613 20000 SH DEFINED 0 20000 0 WATERS CORP COM 941848103 3584 75019 SH DEFINED 0 74769 250 WATSCO INC COM 942622200 808 28800 SH DEFINED 0 28800 0 WAYPOINT FINL CORP COM 946756103 982 35590 SH DEFINED 0 35590 0 WCI CMNTYS INC COM 92923C104 268 12000 SH DEFINED 0 12000 0 WEBSTER FINL CORP CONN COM 947890109 2727 58000 SH DEFINED 0 58000 0 WEINGARTEN RLTY INVS SH BEN INT 948741103 1517 48500 SH DEFINED 0 48500 0 WELLCHOICE INC COM 949475107 1383 33400 SH DEFINED 0 33400 0 WELLPOINT HEALTH NETWORK NEW COM 94973H108 6787 60597 SH DEFINED 0 60447 150 WELLS FARGO & CO NEW COM 949746101 6024 105253 SH DEFINED 0 104393 860 WENDYS INTL INC COM 950590109 1812 52000 SH DEFINED 0 52000 0 WERNER ENTERPRISES INC COM 950755108 1925 91250 SH DEFINED 0 91250 0 WESCO INTL INC COM 95082P105 699 38000 SH DEFINED 0 38000 0 WESTAMERICA BANCORPORATION COM 957090103 1631 31100 SH DEFINED 0 31100 0 WESTAR ENERGY INC COM 95709T100 418 21000 SH DEFINED 0 21000 0 WESTCORP INC COM 957907108 2095 46100 SH DEFINED 0 46100 0 WESTERN WIRELESS CORP CL A 95988E204 11881 410977 SH DEFINED 0 410227 750 WHITNEY HLDG CORP COM 966612103 411 9200 SH DEFINED 0 9200 0 WHOLE FOODS MKT INC COM 966837106 15802 165551 SH DEFINED 0 165551 0 WHOLE FOODS MKT INC SDCV 3/0 966837ac0 353 550000 PRN DEFINED 0 550000 0 WILEY JOHN & SONS INC CL A 968223206 1171 36600 SH DEFINED 0 36600 0 WILLIAMS SONOMA INC COM 969904101 415 12600 SH DEFINED 0 12600 0 WILLIS GROUP HOLDINGS LTD SHS G96655108 3108 83000 SH DEFINED 0 83000 0 WINNEBAGO INDS INC COM 974637100 4011 107600 SH DEFINED 0 107600 0 WINTRUST FINANCIAL CORP COM 97650W108 1978 39170 SH DEFINED 0 39170 0 WMS INDS INC COM 929297109 2590 86900 SH DEFINED 0 86900 0 WOLVERINE WORLD WIDE INC COM 978097103 832 31700 SH DEFINED 0 31700 0 WORLD FUEL SVCS CORP COM 981475106 703 15600 SH DEFINED 0 15600 0 WRIGHT MED GROUP INC COM 98235T107 2278 64000 SH DEFINED 0 64000 0 WRIGLEY WM JR CO COM 982526105 2333 37000 SH DEFINED 0 37000 0 WSFS FINL CORP COM 929328102 680 14000 SH DEFINED 0 14000 0 XCEL ENERGY INC COM 98389B100 418 25000 SH DEFINED 0 25000 0 XEROX CORP PFD CONV SER C 984121509 397 3000 SH DEFINED 0 3000 0 XTO ENERGY INC COM 98385X106 13394 449611 SH DEFINED 0 448080 1531 YAHOO INC COM 984332106 7200 197790 SH DEFINED 0 197440 350 YANKEE CANDLE INC COM 984757104 3569 122000 SH DEFINED 0 119500 2500 YELLOW ROADWAY CORP COM 985577105 2982 74800 SH DEFINED 0 74800 0 YORK INTL CORP NEW COM 986670107 411 10000 SH DEFINED 0 10000 0 YUM BRANDS INC COM 988498101 2717 73000 SH DEFINED 0 73000 0 ZALE CORP NEW COM 988858106 1336 49000 SH DEFINED 0 49000 0 ZEBRA TECHNOLOGIES CORP CL A 989207105 4976 57200 SH DEFINED 0 57200 0 ZENITH NATL INS CORP COM 989390109 1254 25800 SH DEFINED 0 25800 0 ZIMMER HLDGS INC COM 98956P102 18601 210891 SH DEFINED 0 210391 500