13F-HR 1 valu3q05.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: September 30, 2005 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 November 14, 2005 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: 938 Form13F Information Table Value Total: $2,720,465 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 21ST CENTY INS GROUP COM 90130N103 399 25000 SH DEFINED 0 25000 0 3COM CORP COM 885535104 122 30000 SH DEFINED 0 30000 0 3M CO COM 88579Y101 734 10000 SH DEFINED 0 10000 0 AAR CORP COM 000361105 1546 90000 SH DEFINED 0 90000 0 AARON RENTS INC COM 002535201 2355 111350 SH DEFINED 0 111350 0 ABN AMRO HLDG NV SPONSORED ADR 000937102 541 22550 SH DEFINED 0 20000 2550 ACCENTURE LTD BERMUDA CL A G1150G111 10388 408000 SH DEFINED 0 408000 0 ACTIVISION INC NEW COM NEW 004930202 235 11500 SH DEFINED 0 11500 0 ACTUANT CORP CL A NEW 00508X203 4217 90100 SH DEFINED 0 90100 0 ACTUANT CORP SDCV 2.000%11/1 00508XAB0 254 200000 PRN DEFINED 0 200000 0 ADTRAN INC COM 00738A106 11025 350000 SH 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274 10000 SH DEFINED 0 10000 0 AMERICAN HEALTHWAYS INC COM 02649V104 5911 139400 SH DEFINED 0 139400 0 AMERICAN HOME MTG INVT CORP COM 02660R107 2869 94700 SH DEFINED 0 94700 0 AMERICAN INTL GROUP INC COM 026874107 1283 20700 SH DEFINED 0 20700 0 AMERICAN MED SYS HLDGS INC COM 02744M108 2233 110800 SH DEFINED 0 110800 0 AMERICAN PHARMACEUTICALS PTN COM 02886P109 594 13000 SH DEFINED 0 12450 550 AMERICAN RETIREMENT CORP COM 028913101 557 29600 SH DEFINED 0 29600 0 AMERICAN SCIENCE & ENGR INC COM 029429107 472 7200 SH DEFINED 0 7200 0 AMERICAN STD COS INC DEL COM 029712106 9776 210000 SH DEFINED 0 210000 0 AMERICAN STS WTR CO COM 029899101 837 25000 SH DEFINED 0 25000 0 AMERICAN TOWER CORP CL A 029912201 4345 174168 SH DEFINED 0 174168 0 AMERICAN TOWER CORP NOTE 3.000% 8/1 029912AR3 270 200000 PRN DEFINED 0 200000 0 AMERISTAR CASINOS INC COM 03070Q101 1563 75000 SH DEFINED 0 75000 0 AMETEK INC NEW COM 031100100 6153 143200 SH DEFINED 0 143200 0 AMGEN INC COM 031162100 16395 205790 SH 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BANKSHARES INC WEST V COM 909907107 301 8600 SH DEFINED 0 8600 0 UNITED FIRE & CAS CO COM 910331107 447 9900 SH DEFINED 0 9900 0 UNITED INDL CORP COM 910671106 604 16900 SH DEFINED 0 16900 0 UNITED NAT FOODS INC COM 911163103 4607 130300 SH DEFINED 0 130300 0 UNITED SURGICAL PARTNERS INT COM 913016309 4044 103400 SH DEFINED 0 103400 0 UNITED TECHNOLOGIES CORP COM 913017109 2644 51000 SH DEFINED 0 51000 0 UNITED THERAPEUTICS CORP DEL COM 91307C102 7552 108200 SH DEFINED 0 108200 0 UNITEDHEALTH GROUP INC COM 91324P102 7124 126770 SH DEFINED 0 126120 650 UNIVERSAL AMERN FINL CORP COM 913377107 532 23400 SH DEFINED 0 23400 0 UNIVERSAL FST PRODS INC COM 913543104 7217 125900 SH DEFINED 0 125900 0 UNOVA INC COM 91529B106 3253 93000 SH DEFINED 0 93000 0 UNUMPROVIDENT CORP COM 91529Y106 431 21000 SH DEFINED 0 20000 1000 UNUMPROVIDENT CORP COMMON 91529Y403 715 18000 SH DEFINED 0 18000 0 URBAN OUTFITTERS INC COM 917047102 7914 269200 SH DEFINED 0 269200 0 URS CORP NEW COM 903236107 2957 73200 SH 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922793104 1748 66700 SH DEFINED 0 66700 0 VERINT SYS INC COM 92343X100 459 11200 SH DEFINED 0 11200 0 VINTAGE PETE INC COM 927460105 1644 36000 SH DEFINED 0 35000 1000 VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 1350 52000 SH DEFINED 0 52000 0 WALGREEN CO COM 931422109 1238 28500 SH DEFINED 0 26400 2100 WARNACO GROUP INC COM NEW 934390402 329 15000 SH DEFINED 0 15000 0 WASHINGTON FED INC COM 938824109 1688 74830 SH DEFINED 0 74830 0 WASHINGTON TR BANCORP COM 940610108 245 9000 SH DEFINED 0 9000 0 WASTE CONNECTIONS INC COM 941053100 4325 123300 SH DEFINED 0 123300 0 WASTE CONNECTIONS INC DBCV 5/0 941053AE0 285 250000 PRN DEFINED 0 250000 0 WASTE MGMT INC DEL COM 94106L109 572 20000 SH DEFINED 0 20000 0 WATSCO INC COM 942622200 6240 117500 SH DEFINED 0 117500 0 WATSON PHARMACEUTICALS INC COM 942683103 1098 30000 SH DEFINED 0 30000 0 WATTS WATER TECHNOLOGIES INC CL A 942749102 1140 39500 SH DEFINED 0 39500 0 WEBMD CORP COM 94769M105 7005 632200 SH DEFINED 0 632200 0 WEBMD CORP NOTE 1.750% 6/1 94769MAE5 372 400000 PRN DEFINED 0 400000 0 WEBSENSE INC COM 947684106 3513 68600 SH DEFINED 0 68600 0 WEBSTER FINL CORP CONN COM 947890109 2203 49000 SH DEFINED 0 49000 0 WEINGARTEN RLTY INVS SH BEN INT 948741103 984 26000 SH DEFINED 0 26000 0 WELLCHOICE INC COM 949475107 4789 63100 SH DEFINED 0 63100 0 WELLPOINT INC COM 94973V107 7877 103894 SH DEFINED 0 103894 0 WELLS FARGO & CO NEW COM 949746101 5369 91660 SH DEFINED 0 91000 660 WENDYS INTL INC COM 950590109 813 18000 SH DEFINED 0 18000 0 WERNER ENTERPRISES INC COM 950755108 2453 141850 SH DEFINED 0 141850 0 WESCO INTL INC COM 95082P105 4691 138500 SH DEFINED 0 138500 0 WESTAMERICA BANCORPORATION COM 957090103 1906 36900 SH DEFINED 0 36900 0 WESTAR ENERGY INC COM 95709T100 507 21000 SH DEFINED 0 21000 0 WESTCORP INC COM 957907108 1702 28900 SH DEFINED 0 28900 0 WESTERN DIGITAL CORP COM 958102105 10625 821700 SH DEFINED 0 821700 0 WESTERN GAS RES INC COM 958259103 7326 143000 SH DEFINED 0 143000 0 WESTERN SILVER CORP COM 959531104 84 10000 SH DEFINED 0 10000 0 WHITE MTNS INS GROUP LTD COM G9618E107 785 1300 SH DEFINED 0 1300 0 WHITNEY HLDG CORP COM 966612103 535 19800 SH DEFINED 0 19800 0 WHOLE FOODS MKT INC COM 966837106 14450 107475 SH DEFINED 0 107350 125 WILD OATS MARKETS INC CONV BD 3 25 & 0 96808BAA5 1649 1750000 PRN DEFINED 0 1750000 0 WILEY JOHN & SONS INC CL A 968223206 2467 59100 SH DEFINED 0 59100 0 WILMINGTON TRUST CORP COM 971807102 583 16000 SH DEFINED 0 16000 0 WILSHIRE BANCORP INC COM 97186T108 164 10700 SH DEFINED 0 10700 0 WINNEBAGO INDS INC COM 974637100 2480 85600 SH DEFINED 0 85600 0 WINTRUST FINANCIAL CORP COM 97650W108 1664 33100 SH DEFINED 0 33100 0 WITNESS SYS INC COM 977424100 2323 111200 SH DEFINED 0 111200 0 WMS INDS INC COM 929297109 2836 100800 SH DEFINED 0 100800 0 WOLVERINE WORLD WIDE INC COM 978097103 2910 138250 SH DEFINED 0 138250 0 WORLD ACCEP CORP DEL COM 981419104 302 11900 SH DEFINED 0 11900 0 WPS RESOURCES CORP COM 92931B106 2069 35800 SH DEFINED 0 35800 0 WRIGLEY WM JR CO COM 982526105 3738 52000 SH DEFINED 0 52000 0 WSFS FINL CORP COM 929328102 854 14500 SH DEFINED 0 14500 0 XCEL ENERGY INC COM 98389B100 981 50000 SH DEFINED 0 50000 0 XEROX CORP PFD CONV SER C 984121509 234 2000 SH DEFINED 0 2000 0 XTO ENERGY INC COM 98385X106 19139 422307 SH DEFINED 0 422307 0 YANKEE CANDLE INC COM 984757104 1068 43600 SH DEFINED 0 43600 0 YELLOW ROADWAY CORP COM 985577105 2485 60000 SH DEFINED 0 60000 0 YUM BRANDS INC COM 988498101 3534 73000 SH DEFINED 0 73000 0 ZALE CORP NEW COM 988858106 2142 78800 SH DEFINED 0 78800 0 ZENITH NATL INS CORP COM 989390109 3366 53700 SH DEFINED 0 53700 0 ZIMMER HLDGS INC COM 98956P102 1016 14750 SH DEFINED 0 14500 250