13F-HR 1 c42458_13f-hr.txt ---------------------------- OMB APPROVAL ---------------------------- OMB Number: Expires: Estimated average burden hours per response..... ---------------------------- SEC USE ONLY ---------------------------- ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13f Cover Page Report for the Calendar Year or Quarter Ended 3/31/06 If amended report check here: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. David J. Greene and Company, LLC -------------------------------------------------------------------------------- Name of Institutional Investment Manager 599 Lexington Avenue, New York, NY 10022 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 13F File Number: 28-663 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, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Lee Unterman, Chief Operating Officer 212.371.4200 -------------------------------------------------------------------------------- Name (Title) (Phone) ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) 05/03/06 ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Page 1 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 199 Form 13F Information Table Value Total: $2,243,487 (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. 13F File No.: Name: 13F File No.: Name: ------------- --------------------- ------------- --------------------- 1. 28- 6. ------------- --------------------- ------------- --------------------- 2. 7. ------------- --------------------- ------------- --------------------- 3. 8. ------------- --------------------- ------------- --------------------- 4. 9. ------------- --------------------- ------------- --------------------- 5. 10. ------------- --------------------- ------------- --------------------- Page 2 FORM 13 F
03/31/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 ------------------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ AT & T INC Common Stock 00206R102 1,278 47,262 SH SOLE 41,367 5,895 ACCELRYS INC. Common Stock 00430U103 15,427 2,121,974 SH SOLE 1,899,774 222,200 ADESA INC Common Stock 00686U104 29,432 1,100,674 SH SOLE 1,006,374 94,300 AKZO NV SPONSORED ADR Common Stock 010199305 17,434 330,500 SH SOLE 312,700 17,800 ALLETE INC Common Stock 018522300 12,984 278,616 SH SOLE 247,984 30,632 ALLIANCE SEMICONDUCTOR Common Stock 01877H100 5,243 1,892,739 SH SOLE 1,717,439 175,300 ALLIANT TECHSYSTEMS INC Common Stock 018804104 14,381 186,350 SH SOLE 177,750 8,600 AMERICAN ENERGY Common Stock 025637109 6 100,000 SH SOLE 100,000 AMERICAN EXPRESS CO Common Stock 025816109 1,543 29,362 SH SOLE 28,868 494 AMERICAN INTERNATIONAL Common Stock 026874107 1,564 23,661 SH SOLE 23,661 AMERICAN STANDARD COS Common Stock 029712106 21,674 505,700 SH SOLE 476,800 28,900 AMERIPRISE FINANCIAL INC Common Stock 03076C106 255 5,660 SH SOLE 5,562 98 CELERA GENOMICS Common Stock 038020202 18,273 1,563,096 SH SOLE 1,392,396 170,700 ARAMARK CORP - CL B Common Stock 038521100 27,658 936,300 SH SOLE 886,000 50,300 ARRIS GROUP INC Common Stock 04269Q100 12,895 937,158 SH SOLE 835,858 101,300 ARVINMERITOR INC. Common Stock 043353101 21,765 1,459,737 SH SOLE 1,306,237 153,500 ASSURANT INC Common Stock 04621X108 7,289 148,000 SH SOLE 138,000 10,000 AUTOLIV, INC. Common Stock 052800109 17,050 301,350 SH SOLE 285,950 15,400 AVANEX CORP Common Stock 05348W109 13,483 4,148,590 SH SOLE 3,698,190 450,400 BP PLC - SPON ADR Common Stock 055622104 1,121 16,266 SH SOLE 13,963 2,303 BALL CORP. Common Stock 058498106 7,521 171,600 SH SOLE 163,800 7,800 BALLY TECHNOLOGIES INC Common Stock 05874B107 32,294 1,900,754 SH SOLE 1,716,054 184,700 BARON SMALL CAP FUND Common Stock 068278308 426 16,502 SH SOLE 16,502 BEARINGPOINT INC Common Stock 074002106 32,363 3,811,882 SH SOLE 3,494,382 317,500 BECTON DICKINSON & CO Common Stock 075887109 253 4,110 SH SOLE 4,110 BELLSOUTH CORP W/RTS Common Stock 079860102 201 5,791 SH SOLE 3,751 2,040 BERKLEY W R CORP Common Stock 084423102 4,679 80,587 SH SOLE 56,987 23,600 BERKSHIRE HATHAWAY CL B Common Stock 084670207 355 118 SH SOLE 118 BOSTON SCIENTIFIC CORP Common Stock 101137107 8,854 384,100 SH SOLE 364,800 19,300 BRINK'S CO Common Stock 109696104 20,755 408,878 SH SOLE 382,178 26,700 BRISTOL MYERS SQUIBB CO Common Stock 110122108 467 18,980 SH SOLE 18,580 400 BROCADE COMMUNICATIONS Common Stock 111621108 24,115 3,610,030 SH SOLE 3,215,430 394,600 BURLINGTON NORTHERN Common Stock 12189T104 335 4,026 SH SOLE 4,026 CBS CORP - CLASS B Common Stock 124857202 5,601 233,585 SH SOLE 218,285 15,300 CIT GROUP INC Common Stock 125581108 21,848 408,222 SH SOLE 384,822 23,400 CMS ENERGY CORP Common Stock 125896100 17,300 1,335,933 SH SOLE 1,194,933 141,000 CNA SURETY CORPORATION Common Stock 12612L108 432 25,800 SH SOLE 15,000 10,800 CVS CORP Common Stock 126650100 5,771 193,200 SH SOLE 184,400 8,800 CA INC Common Stock 12673P105 1,285 47,225 SH SOLE 45,225 2,000 CALGON CARBON CORP Common Stock 129603106 71 11,600 SH SOLE 11,600 CAMBREX CORP Common Stock 132011107 16,786 859,082 SH SOLE 764,182 94,900 PAGE COLUMN TOTALS 442,467
FORM 13 F
03/31/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 2 ------------------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ CAPITAL CROSSING BANK Common Stock 140071101 297 9,317 SH SOLE 9,317 CAREMARK RX INC Common Stock 141705103 3,171 64,472 SH SOLE 61,684 2,788 CENDANT CORPORATION Common Stock 151313103 32,666 1,882,755 SH SOLE 1,779,270 103,485 CENTERPOINT ENERGY INC Common Stock 15189T107 23,570 1,975,700 SH SOLE 1,819,100 156,600 CHEVRON CORP Common Stock 166764100 3,361 57,973 SH SOLE 50,153 7,820 CISCO SYSTEMS INC. Common Stock 17275R102 14,325 661,031 SH SOLE 626,731 34,300 CITIGROUP INC. Common Stock 172967101 14,562 308,327 SH SOLE 295,156 13,171 CITY INVESTING CO Common Stock 177900107 3 27,000 SH SOLE 27,000 COMCAST CORP CL A Common Stock 20030N101 796 30,427 SH SOLE 29,578 849 COMCAST CORP-SPECIAL CL A Common Stock 20030N200 5,833 223,300 SH SOLE 207,600 15,700 COMDISCO HLD CONTINGENT Common Stock 200334118 218 660,134 SH SOLE 658,834 1,300 COMMUNITY HEALTH Common Stock 203668108 16,345 452,152 SH SOLE 402,452 49,700 CONOCOPHILLIPS Common Stock 20825C104 8,433 133,540 SH SOLE 127,942 5,598 CONSTAR INTERNATIONAL INC Common Stock 21036U107 3,713 1,115,024 SH SOLE 988,126 126,898 CONSTELLATION ENERGY Common Stock 210371100 295 5,400 SH SOLE 5,400 COOPER COMPANIES INC Common Stock 216648402 11,445 211,820 SH SOLE 186,420 25,400 CORINTHIAN COLLEGES INC Common Stock 218868107 19,693 1,367,599 SH SOLE 1,212,099 155,500 CRANE CO. Common Stock 224399105 21,838 532,500 SH SOLE 504,300 28,200 CROWN HOLDING INC Common Stock 228368106 9,441 532,211 SH SOLE 474,211 58,000 CUBIC CORP Common Stock 229669106 10,201 426,124 SH SOLE 379,024 47,100 CYTEC INDUSTRIES INC. Common Stock 232820100 63,384 1,056,216 SH SOLE 958,946 97,270 DANA CORP Common Stock 235811106 3,726 2,467,549 SH SOLE 2,137,449 330,100 DIEBOLD INC Common Stock 253651103 6,514 158,500 SH SOLE 155,200 3,300 DIME BANCORP-LITIGATION Common Stock 25429Q110 990 5,821,842 SH SOLE 5,435,165 386,677 DISNEY (WALT) COMPANY Common Stock 254687106 6,276 225,033 SH SOLE 207,433 17,600 DOLLAR TREE STORES INC Common Stock 256747106 17,557 634,500 SH SOLE 592,900 41,600 DONNELLY (RR) & SONS CO Common Stock 257867101 1,456 44,488 SH SOLE 36,388 8,100 EARTHLINK INC Common Stock 270321102 17,784 1,862,200 SH SOLE 1,660,800 201,400 EL PASO ELECTRIC COMPANY Common Stock 283677854 796 41,800 SH SOLE 41,800 EXXON MOBIL CORPORATION Common Stock 30231G102 3,255 53,480 SH SOLE 47,240 6,240 FLIR SYSTEMS INC Common Stock 302445101 11,439 402,650 SH SOLE 358,350 44,300 FAIRCHILD SEMICON INTL Common Stock 303726103 24,597 1,289,809 SH SOLE 1,148,709 141,100 FINOVA GROUP INC Common Stock 317928109 1 10,900 SH SOLE 8,400 2,500 FIRST AMERICAN FINL CORP Common Stock 318522307 24,533 626,490 SH SOLE 557,990 68,500 FIRST DATA CORPORATION Common Stock 319963104 12,914 275,830 SH SOLE 256,930 18,900 FLAMEL TECHNOLOGIES - SP Common Stock 338488109 5,827 275,364 SH SOLE 245,964 29,400 FLOWSERVE CORP Common Stock 34354P105 20,998 359,921 SH SOLE 320,321 39,600 FOREST OIL CORP Common Stock 346091705 6,451 173,500 SH SOLE 165,000 8,500 FOUNDRY NETWORKS INC Common Stock 35063R100 9,178 505,382 SH SOLE 451,382 54,000 FREESCALE SEMICONDUCTOR - Common Stock 35687M107 3,448 124,000 SH SOLE 118,100 5,900 FREESCALE SEMICONDUCTOR - Common Stock 35687M206 712 25,652 SH SOLE 22,733 2,919 PAGE COLUMN TOTALS 442,041
FORM 13 F
03/31/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 3 ------------------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ FRONTIER OIL CORP Common Stock 35914P105 347 5,848 SH SOLE 5,848 GANNETT INC Common Stock 364730101 214 3,570 SH SOLE 3,570 GENERAL DYNAMICS CORP Common Stock 369550108 7,624 119,166 SH SOLE 109,766 9,400 GENERAL ELECTRIC CO Common Stock 369604103 2,436 70,045 SH SOLE 56,824 13,221 GLAXOSMITHKLINE PLC - ADR Common Stock 37733W105 236 4,506 SH SOLE 4,506 GLOBAL INDS LTD COM Common Stock 379336100 36,123 2,492,995 SH SOLE 2,289,195 203,800 GRUPO TMM SA-SP ADR A Common Stock 40051D105 6,802 1,382,504 SH SOLE 1,229,204 153,300 HEALTHSOUTH CORPORATION Common Stock 421924101 1,598 320,190 SH SOLE 302,090 18,100 HEALTH NET INC Common Stock 42222G108 10,458 205,794 SH SOLE 194,514 11,280 HERCULES INC Common Stock 427056106 26,346 1,909,108 SH SOLE 1,699,608 209,500 HOLLINGER INTL INC - CL A Common Stock 435569108 277 33,000 SH SOLE 33,000 INFOCUS CORP Common Stock 45665B106 8,517 1,793,085 SH SOLE 1,596,685 196,400 INPUT/OUTPUT INC Common Stock 457652105 12,729 1,310,948 SH SOLE 1,172,458 138,490 INTEL CORP Common Stock 458140100 504 25,904 SH SOLE 23,904 2,000 INTL BUSINESS MACHINES Common Stock 459200101 13,231 160,438 SH SOLE 152,138 8,300 J P MORGAN CHASE & CO Common Stock 46625H100 239 5,737 SH SOLE 5,737 JACUZZI BRANDS INC Common Stock 469865109 12,697 1,291,677 SH SOLE 1,151,132 140,545 JO-ANN STORES INC Common Stock 47758P307 15,808 1,174,426 SH SOLE 1,043,726 130,700 JOHNSON & JOHNSON Common Stock 478160104 1,348 22,758 SH SOLE 22,758 JOHNSON CONTROLS INC Common Stock 478366107 14,678 193,310 SH SOLE 178,810 14,500 KANSAS CITY STHRN INDS INC Common Stock 485170302 15,232 616,700 SH SOLE 552,500 64,200 KEYNOTE SYSTEMS INC Common Stock 493308100 15,032 1,313,966 SH SOLE 1,170,066 143,900 KIMBERLY CLARK CORP Common Stock 494368103 2,008 34,740 SH SOLE 34,740 LABORATORY CORP OF Common Stock 50540R409 2,199 37,600 SH SOLE 34,700 2,900 LEAPFROG ENTERPRISES INC Common Stock 52186N106 10,628 1,000,797 SH SOLE 904,297 96,500 LIFEPOINT HOSPITALS INC Common Stock 53219L109 7,847 252,300 SH SOLE 237,300 15,000 LINCOLN NATIONAL CORP Common Stock 534187109 377 6,900 SH SOLE 6,700 200 LIZ CLAIBORNE Common Stock 539320101 20,113 490,800 SH SOLE 463,100 27,700 LUCENT TECHNOLOGIES, INC. Common Stock 549463107 11,217 3,677,658 SH SOLE 3,456,646 221,012 MAGELLAN HEALTH SERVICES Common Stock 559079207 33,822 835,728 SH SOLE 761,828 73,900 MARINER ENERGY INC Common Stock 56845T305 2,878 140,327 SH SOLE 133,358 6,969 MAXTOR CORP Common Stock 577729205 17,945 1,877,046 SH SOLE 1,668,062 208,984 MAXWELL TECHNOLOGIES INC Common Stock 577767106 5,591 286,578 SH SOLE 281,058 5,520 MEADWESTVACO CORP Common Stock 583334107 7,152 261,872 SH SOLE 246,700 15,172 MEDTRONIC INC COM Common Stock 585055106 213 4,200 SH SOLE 4,200 MILACRON INC Common Stock 598709103 5,193 3,225,474 SH SOLE 2,853,443 372,031 MOLSON COORS BREWING CO Common Stock 60871R209 30,307 441,657 SH SOLE 393,357 48,300 MORGAN STANLEY Common Stock 617446448 10,394 165,450 SH SOLE 157,750 7,700 MYRIAD GENETICS INC Common Stock 62855J104 18,671 715,623 SH SOLE 637,323 78,300 NATIONAL OILWELL VARCO Common Stock 637071101 10,844 169,119 SH SOLE 149,739 19,380 NAVISTAR INTL Common Stock 63934E108 55,704 2,019,738 SH SOLE 1,818,328 201,410 PAGE COLUMN TOTALS 455,578
FORM 13 F
03/31/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 4 ------------------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ NEWALLIANCE BANCSHARES Common Stock 650203102 8,047 557,650 SH SOLE 540,850 16,800 NOKIA CORP - SPON ADR Common Stock 654902204 13,143 634,300 SH SOLE 594,700 39,600 NORTEL NETWORKS CORP Common Stock 656568102 423 138,563 SH SOLE 132,500 6,063 NORTH FORK Common Stock 659424105 22,536 781,687 SH SOLE 744,446 37,241 OFFICE MAX INC Common Stock 67622P101 1,017 33,700 SH SOLE 29,100 4,600 1-800-FLOWERS.COM INC - CL A Common Stock 68243Q106 3,428 482,780 SH SOLE 430,580 52,200 ORMAT TECHNOLOGIES INC Common Stock 686688102 5,928 155,597 SH SOLE 139,797 15,800 PMI GROUP Common Stock 69344M101 6,153 134,000 SH SOLE 122,600 11,400 PACTIV CORPORATION Common Stock 695257105 7,728 314,900 SH SOLE 299,200 15,700 PALL CORP Common Stock 696429307 46,565 1,492,953 SH SOLE 1,341,553 151,400 PAREXEL INTERNATIONAL Common Stock 699462107 10,533 398,385 SH SOLE 354,900 43,485 PATHMARK STORES INC Common Stock 70322A101 10,382 992,571 SH SOLE 884,276 108,295 PFIZER INC Common Stock 717081103 11,228 450,578 SH SOLE 411,848 38,730 PHARMACOPEIA DRUG Common Stock 7171EP101 6,746 1,137,684 SH SOLE 1,019,505 118,179 PIER 1 IMPORTS INC Common Stock 720279108 23,575 2,030,599 SH SOLE 1,808,099 222,500 PROCTER & GAMBLE CO Common Stock 742718109 487 8,450 SH SOLE 8,450 PROQUEST COMPANY Common Stock 74346P102 26,756 1,250,850 SH SOLE 1,134,750 116,100 PULTE CORP Common Stock 745867101 8,917 232,100 SH SOLE 218,300 13,800 QUANTUM CORP - DLT & Common Stock 747906204 24,947 6,670,396 SH SOLE 5,954,546 715,850 QUIKSILVER INC Common Stock 74838C106 19,389 1,398,910 SH SOLE 1,245,910 153,000 RSA SECURITY INC Common Stock 749719100 29,902 1,666,796 SH SOLE 1,488,096 178,700 RADIOSHACK CORP Common Stock 750438103 43,345 2,254,032 SH SOLE 2,065,932 188,100 RITE AID CORP Common Stock 767754104 46 11,500 SH SOLE 11,500 ROBBINS & MYERS INC Common Stock 770196103 7,368 341,110 SH SOLE 307,310 33,800 ROYAL DUTCH SHELL PLC Common Stock 780259206 509 8,176 SH SOLE 2,620 5,556 RYDER SYSTEM INC Common Stock 783549108 32,162 718,218 SH SOLE 648,328 69,890 SPX CORP Common Stock 784635104 5,908 110,600 SH SOLE 108,900 1,700 ST. PAUL TRAVELERS Common Stock 792860108 13,867 331,820 SH SOLE 309,368 22,452 SAKS INCORPORATED Common Stock 79377W108 6,006 311,200 SH SOLE 296,000 15,200 SCHOLASTIC CORP Common Stock 807066105 14,543 543,456 SH SOLE 483,756 59,700 SEACHANGE INTERNATIONAL Common Stock 811699107 12,040 1,549,600 SH SOLE 1,378,700 170,900 SKYWORKS SOLUTIONS INC Common Stock 83088M102 28,723 4,236,500 SH SOLE 3,760,200 476,300 SOLECTRON CORP Common Stock 834182107 35,769 8,942,176 SH SOLE 8,036,176 906,000 SOUTHERN UNION CO Common Stock 844030106 30,687 1,235,870 SH SOLE 1,139,870 96,000 SOVEREIGN BANCORP INC Common Stock 845905108 16,750 764,500 SH SOLE 722,300 42,200 SPRINT NEXTEL CORP Common Stock 852061100 345 13,346 SH SOLE 7,346 6,000 SUBURBAN PROPANE Common Stock 864482104 359 12,100 SH SOLE 9,300 2,800 SYMANTEC CORP Common Stock 871503108 13,895 825,600 SH SOLE 780,300 45,300 TD BANKNORTH INC Common Stock 87235A101 298 10,145 SH SOLE 8,450 1,695 TJX COS INC Common Stock 872540109 24,491 986,750 SH SOLE 933,050 53,700 TARGET CORP Common Stock 87612E106 254 4,880 SH SOLE 4,880 PAGE COLUMN TOTALS 575,196
FORM 13 F
03/31/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 5 ------------------------------------------------------------------------------------------------------------------------------------ TITLE OF VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ TECUMSEH PRODUCTS CO - CL Common Stock 878895200 22,520 918,061 SH SOLE 817,161 100,900 TEKELEC COM Common Stock 879101103 14,057 1,016,430 SH SOLE 910,930 105,500 TELEDYNE TECHNOLOGIES Common Stock 879360105 15,851 445,243 SH SOLE 396,193 49,050 TENET HEALTHCARE CORP Common Stock 88033G100 185 25,000 SH SOLE 25,000 3M CO Common Stock 88579Y101 363 4,800 SH SOLE 4,800 TIBCO SOFTWARE INC Common Stock 88632Q103 27,576 3,298,558 SH SOLE 2,934,458 364,100 TIME WARNER INC Common Stock 887317105 14,947 890,220 SH SOLE 829,815 60,405 TOLL BROTHERS, INC. Common Stock 889478103 4,658 134,500 SH SOLE 129,400 5,100 TORONTO-DOMINION BANK Common Stock 891160509 279 5,008 SH SOLE 4,115 893 TYCO INTERNATIONAL Common Stock 902124106 28,706 1,067,916 SH SOLE 997,516 70,400 ULTRATECH INC Common Stock 904034105 14,667 599,140 SH SOLE 533,040 66,100 UNDERGROUND SOLUTIONS Common Stock 904323102 29 70,000 SH SOLE 70,000 UNISYS CORP Common Stock 909214108 39,272 5,699,910 SH SOLE 5,145,150 554,760 UNITED PARCEL SERVICE INC Common Stock 911312106 318 4,000 SH SOLE 3,000 1,000 UNITED TECHNOLOGIES CORP Common Stock 913017109 211 3,638 SH SOLE 3,238 400 UTSTARCOM INC Common Stock 918076100 12,250 1,947,578 SH SOLE 1,723,678 223,900 VALASSIS COMMUNICATIONS Common Stock 918866104 17,728 603,622 SH SOLE 537,722 65,900 VERIZON COMMUNICATIONS Common Stock 92343V104 2,527 74,186 SH SOLE 66,410 7,776 VISTEON CORP Common Stock 92839U107 13,957 3,034,115 SH SOLE 2,699,615 334,500 VODAPHONE GROUP PLC Common Stock 92857W100 224 10,720 SH SOLE 10,320 400 WACHOVIA CORP (NEW) Common Stock 929903102 3,537 63,098 SH SOLE 58,648 4,450 WAL MART STORES INC Common Stock 931142103 7,240 153,260 SH SOLE 142,960 10,300 WASHINGTON MUTUAL INC Common Stock 939322103 11,862 278,322 SH SOLE 256,100 22,222 WASTE MANAGEMENT INC Common Stock 94106L109 14,049 398,000 SH SOLE 374,500 23,500 WATCHGUARD Common Stock 941105108 4,598 901,471 SH SOLE 807,771 93,700 WAVECOM SA - ADR Common Stock 943531103 6,887 497,641 SH SOLE 443,604 54,037 WYETH Common Stock 983024100 259 5,338 SH SOLE 5,338 YUM BRANDS INC Common Stock 988498101 928 19,000 SH SOLE 19,000 ZORAN CORP Common Stock 98975F101 10,380 474,419 SH SOLE 422,819 51,600 RENAISSANCE RE HLDGS LTD Common Stock G7496G103 3,005 68,900 SH SOLE 52,600 16,300 POWERDSINE LTD Common Stock M41415106 4,616 668,920 SH SOLE 595,820 73,100 ORCKIT COMMUNICATIONS Common Stock M7531S206 6,431 292,583 SH SOLE 260,583 32,000 RADWARE LTD Common Stock M81873107 6,355 360,444 SH SOLE 321,244 39,200 CNH GLOBAL N.V. Common Stock N20935206 10,695 414,865 SH SOLE 369,365 45,500 FLEXTRONICS INTL TLD Common Stock Y2573F102 7,041 680,260 SH SOLE 647,660 32,600 PAGE COLUMN TOTALS 328,207 AGGREGATE COLUMN TOTALS 2,243,487