13F-HR 1 c43833_13fhr.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 06/30/06 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) ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 195 Form 13F Information Table Value Total: $2,127,159 (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. ------------- --------------------- ------------- --------------------- FORM 13F INFORMATION TABLE
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------
FORM 13 F 06/30/06 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 1,144 41,034 SH SOLE 35,139 5,895 ACCELRYS INC. Common Stock 00430U103 15,354 2,153,494 SH SOLE 1,945,794 207,700 ADESA INC Common Stock 00686U104 26,540 1,193,327 SH SOLE 1,094,727 98,600 AKZO NV SPONSORED ADR Common Stock 010199305 6,248 116,200 SH SOLE 109,500 6,700 ALLETE INC Common Stock 018522300 13,326 281,431 SH SOLE 252,899 28,532 ALLIANCE SEMICONDUCTOR Common Stock 01877H100 5,116 1,887,653 SH SOLE 1,717,853 169,800 ALLIANT TECHSYSTEMS INC Common Stock 018804104 7,631 99,950 SH SOLE 94,650 5,300 AMERICAN ENERGY Common Stock 025637109 7 100,000 SH SOLE 100,000 AMERICAN EXPRESS CO Common Stock 025816109 1,536 28,862 SH SOLE 28,368 494 AMERICAN INTERNATIONAL Common Stock 026874107 1,394 23,611 SH SOLE 23,611 AMERICAN STANDARD COS Common Stock 029712106 21,778 503,300 SH SOLE 475,800 27,500 AMERIPRISE FINANCIAL INC Common Stock 03076C106 243 5,435 SH SOLE 5,435 CELERA GENOMICS Common Stock 038020202 20,229 1,562,063 SH SOLE 1,402,963 159,100 ARAMARK CORP - CL B Common Stock 038521100 25,246 762,500 SH SOLE 724,400 38,100 ARRIS GROUP INC Common Stock 04269Q100 7,254 552,914 SH SOLE 496,914 56,000 ARVINMERITOR INC. Common Stock 043353101 23,674 1,377,201 SH SOLE 1,240,001 137,200 ASSURANT INC Common Stock 04621X108 7,042 145,500 SH SOLE 136,100 9,400 AUTOLIV, INC. Common Stock 052800109 6,177 109,200 SH SOLE 104,000 5,200 AVANEX CORP Common Stock 05348W109 5,960 3,386,600 SH SOLE 3,042,100 344,500 BP PLC - SPON ADR Common Stock 055622104 1,132 16,266 SH SOLE 13,963 2,303 BALL CORP. Common Stock 058498106 18,557 501,000 SH SOLE 471,100 29,900 BALLY TECHNOLOGIES INC Common Stock 05874B107 25,445 1,544,934 SH SOLE 1,407,334 137,600 BARON SMALL CAP FUND Common Stock 068278308 394 16,502 SH SOLE 16,502 BEARINGPOINT INC Common Stock 074002106 31,636 3,779,711 SH SOLE 3,481,611 298,100 BECTON DICKINSON & CO Common Stock 075887109 251 4,110 SH SOLE 4,110 BERKLEY W R CORP Common Stock 084423102 3,948 115,679 SH SOLE 83,679 32,000 BERKSHIRE HATHAWAY CL B Common Stock 084670207 359 118 SH SOLE 118 BOSTON SCIENTIFIC CORP Common Stock 101137107 6,376 378,600 SH SOLE 360,300 18,300 BRINK'S CO Common Stock 109696104 22,484 398,578 SH SOLE 373,078 25,500 BRISTOL MYERS SQUIBB CO Common Stock 110122108 457 17,680 SH SOLE 17,280 400 BROCADE COMMUNICATIONS Common Stock 111621108 24,164 3,935,500 SH SOLE 3,533,100 402,400 BURLINGTON NORTHERN Common Stock 12189T104 319 4,026 SH SOLE 4,026 CBS CORP - CLASS B Common Stock 124857202 6,880 254,360 SH SOLE 240,060 14,300 CIT GROUP INC Common Stock 125581108 21,155 404,565 SH SOLE 382,465 22,100 CMS ENERGY CORP Common Stock 125896100 20,384 1,575,282 SH SOLE 1,412,982 162,300 CNA SURETY CORPORATION Common Stock 12612L108 446 25,800 SH SOLE 15,000 10,800 CVS CORP Common Stock 126650100 5,882 191,600 SH SOLE 182,800 8,800 CA INC Common Stock 12673P105 970 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 18,702 897,842 SH SOLE 805,042 92,800 CAPITAL CROSSING BANK Common Stock 140071101 229 9,317 SH SOLE 9,317 PAGE COLUMN TOTALS 406,143
FORM 13 F 06/30/06 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 CAREMARK RX INC Common Stock 141705103 3,316 66,488 SH SOLE 63,700 2,788 CENDANT CORPORATION Common Stock 151313103 32,979 2,024,496 SH SOLE 1,915,311 109,185 CENTERPOINT ENERGY INC Common Stock 15189T107 40,046 3,203,660 SH SOLE 2,942,560 261,100 CHEVRON CORP Common Stock 166764100 3,419 55,093 SH SOLE 47,273 7,820 CISCO SYSTEMS INC. Common Stock 17275R102 12,936 662,381 SH SOLE 630,181 32,200 CITIGROUP INC. Common Stock 172967101 14,670 304,049 SH SOLE 291,821 12,228 CITY INVESTING CO Common Stock 177900107 3 27,000 SH SOLE 27,000 CLAIRE'S STORES INC Common Stock 179584107 6,342 248,600 SH SOLE 232,300 16,300 COMCAST CORP CL A Common Stock 20030N101 984 30,040 SH SOLE 29,191 849 COMCAST CORP-SPECIAL CL A Common Stock 20030N200 6,048 184,500 SH SOLE 174,900 9,600 COMDISCO HLD CONTINGENT Common Stock 200334118 191 660,134 SH SOLE 658,834 1,300 COMMUNITY HEALTH Common Stock 203668108 29,572 804,683 SH SOLE 739,883 64,800 CONOCOPHILLIPS Common Stock 20825C104 8,862 135,239 SH SOLE 129,641 5,598 CONSTAR INTERNATIONAL INC Common Stock 21036U107 4,217 1,098,234 SH SOLE 980,136 118,098 CONSTELLATION ENERGY Common Stock 210371100 294 5,400 SH SOLE 5,400 COOPER COMPANIES INC Common Stock 216648402 28,193 636,550 SH SOLE 574,750 61,800 CORINTHIAN COLLEGES INC Common Stock 218868107 18,162 1,264,757 SH SOLE 1,131,157 133,600 CRANE CO. Common Stock 224399105 19,939 479,300 SH SOLE 454,900 24,400 CROWN HOLDING INC Common Stock 228368106 9,878 634,410 SH SOLE 568,610 65,800 CUBIC CORP Common Stock 229669106 12,655 645,351 SH SOLE 579,251 66,100 CYTEC INDUSTRIES INC. Common Stock 232820100 45,009 838,777 SH SOLE 767,207 71,570 DANA CORP Common Stock 235811106 5,871 2,158,494 SH SOLE 1,851,994 306,500 DIEBOLD INC Common Stock 253651103 6,329 155,800 SH SOLE 152,500 3,300 DIME BANCORP-LITIGATION Common Stock 25429Q110 1,282 5,828,579 SH SOLE 5,459,102 369,477 DISCOVERY LABORATORIES Common Stock 254668106 2,243 1,073,020 SH SOLE 960,520 112,500 DISNEY (WALT) COMPANY Common Stock 254687106 6,592 219,733 SH SOLE 203,233 16,500 DOLLAR TREE STORES INC Common Stock 256747106 16,639 627,900 SH SOLE 588,500 39,400 DONNELLY (RR) & SONS CO Common Stock 257867101 1,421 44,486 SH SOLE 36,386 8,100 DRESSER-RAND GROUP INC Common Stock 261608103 11,000 468,490 SH SOLE 432,290 36,200 EARTHLINK INC Common Stock 270321102 22,831 2,636,347 SH SOLE 2,365,547 270,800 EL PASO ELECTRIC COMPANY Common Stock 283677854 843 41,800 SH SOLE 41,800 EXXON MOBIL CORPORATION Common Stock 30231G102 2,674 43,580 SH SOLE 37,340 6,240 FLIR SYSTEMS INC Common Stock 302445101 10,056 439,110 SH SOLE 393,610 45,500 FAIRCHILD SEMICON INTL Common Stock 303726103 17,388 956,937 SH SOLE 857,737 99,200 FINOVA GROUP INC Common Stock 317928109 1 10,900 SH SOLE 8,400 2,500 FIRST AMERICAN FINL CORP Common Stock 318522307 26,758 633,026 SH SOLE 569,126 63,900 FIRST DATA CORPORATION Common Stock 319963104 12,342 274,030 SH SOLE 256,030 18,000 FLAMEL TECHNOLOGIES - SP Common Stock 338488109 6,077 328,998 SH SOLE 295,498 33,500 FLOWSERVE CORP Common Stock 34354P105 16,382 287,901 SH SOLE 258,401 29,500 FOREST OIL CORP Common Stock 346091705 5,710 172,200 SH SOLE 164,200 8,000 FOUNDRY NETWORKS INC Common Stock 35063R100 12,314 1,155,122 SH SOLE 1,036,222 118,900 PAGE COLUMN TOTALS 482,466
FORM 13 F 06/30/06 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 FREESCALE SEMICONDUCTOR - Common Stock 35687M107 3,535 121,900 SH SOLE 116,000 5,900 FREESCALE SEMICONDUCTOR - Common Stock 35687M206 732 24,897 SH SOLE 22,143 2,754 FRONTIER OIL CORP Common Stock 35914P105 393 12,116 SH SOLE 420 11,696 GANNETT INC Common Stock 364730101 257 4,600 SH SOLE 4,600 GENERAL DYNAMICS CORP Common Stock 369550108 7,644 116,766 SH SOLE 108,166 8,600 GENERAL ELECTRIC CO Common Stock 369604103 2,136 64,795 SH SOLE 51,574 13,221 GLAXOSMITHKLINE PLC- ADR Common Stock 37733W105 251 4,506 SH SOLE 4,506 GLOBAL INDS LTD COM Common Stock 379336100 41,450 2,482,046 SH SOLE 2,291,446 190,600 GRUPO TMM SA-SP ADR A Common Stock 40051D105 5,637 1,385,112 SH SOLE 1,242,112 143,000 HEALTHSOUTH CORPORATION Common Stock 421924101 1,176 305,390 SH SOLE 287,290 18,100 HEALTH NET INC Common Stock 42222G108 9,241 204,574 SH SOLE 193,794 10,780 HERCULES INC Common Stock 427056106 22,410 1,468,536 SH SOLE 1,317,436 151,100 HOLLINGER INTL INC -CL A Common Stock 435569108 361 45,000 SH SOLE 45,000 INFOCUS CORP Common Stock 45665B106 4,596 1,606,995 SH SOLE 1,443,495 163,500 INPUT/OUTPUT INC Common Stock 457652105 15,611 1,652,008 SH SOLE 1,482,318 169,690 INTEL CORP Common Stock 458140100 479 25,204 SH SOLE 23,204 2,000 INTL BUSINESS MACHINES Common Stock 459200101 14,652 190,738 SH SOLE 180,238 10,500 J P MORGAN CHASE & CO Common Stock 46625H100 241 5,737 SH SOLE 5,737 JO-ANN STORES INC Common Stock 47758P307 17,282 1,179,659 SH SOLE 1,057,859 121,800 JOHNSON & JOHNSON Common Stock 478160104 1,272 21,228 SH SOLE 21,228 JOHNSON CONTROLS INC Common Stock 478366107 15,582 189,510 SH SOLE 175,910 13,600 KANSAS CITY STHRN INDS INC Common Stock 485170302 17,021 614,476 SH SOLE 554,976 59,500 KEYNOTE SYSTEMS INC Common Stock 493308100 13,528 1,312,106 SH SOLE 1,177,606 134,500 KIMBERLY CLARK CORP Common Stock 494368103 2,143 34,740 SH SOLE 34,740 LEAPFROG ENTERPRISES INC Common Stock 52186N106 13,627 1,349,179 SH SOLE 1,223,179 126,000 LIFEPOINT HOSPITALS INC Common Stock 53219L109 3,550 110,500 SH SOLE 105,100 5,400 LINCOLN NATIONAL CORP Common Stock 534187109 389 6,900 SH SOLE 6,700 200 LIZ CLAIBORNE Common Stock 539320101 17,970 484,900 SH SOLE 458,800 26,100 LUCENT TECHNOLOGIES, INC. Common Stock 549463107 8,853 3,658,358 SH SOLE 3,446,546 211,812 MAGELLAN HEALTH SERVICES Common Stock 559079207 22,694 500,858 SH SOLE 459,258 41,600 MARINER ENERGY INC Common Stock 56845T305 3,512 191,208 SH SOLE 184,643 6,565 MAXWELL TECHNOLOGIES INC Common Stock 577767106 5,714 291,068 SH SOLE 285,548 5,520 MEADWESTVACO CORP Common Stock 583334107 7,169 256,672 SH SOLE 241,500 15,172 MILACRON INC Common Stock 598709103 3,258 3,258,492 SH SOLE 2,911,961 346,531 MOLSON COORS BREWING CO Common Stock 60871R209 30,047 442,651 SH SOLE 397,551 45,100 MORGAN STANLEY Common Stock 617446448 10,363 163,950 SH SOLE 156,750 7,200 MYRIAD GENETICS INC Common Stock 62855J104 19,479 771,460 SH SOLE 692,760 78,700 NAVISTAR INTL Common Stock 63934E108 52,272 2,124,024 SH SOLE 1,931,414 192,610 NEUROCRINE BIOSCIENCES Common Stock 64125C109 3,760 354,730 SH SOLE 315,530 39,200 NEWALLIANCE BANCSHARES Common Stock 650203102 3,967 277,200 SH SOLE 277,200 NOKIA CORP - SPON ADR Common Stock 654902204 12,628 623,300 SH SOLE 586,500 36,800 PAGE COLUMN TOTALS 416,885
FORM 13 F 06/30/06 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 NORTEL NETWORKS CORP Common Stock 656568102 310 138,563 SH SOLE 132,500 6,063 NORTH FORK Common Stock 659424105 23,192 768,717 SH SOLE 733,458 35,259 1-800-FLOWERS.COM INC-CL A Common Stock 68243Q106 2,907 503,770 SH SOLE 453,070 50,700 ORMAT TECHNOLOGIES INC Common Stock 686688102 8,655 226,862 SH SOLE 204,862 22,000 PGT INC Common Stock 69336V101 1,795 113,620 SH SOLE 102,220 11,400 PMI GROUP Common Stock 69344M101 5,813 130,400 SH SOLE 119,900 10,500 PACTIV CORPORATION Common Stock 695257105 7,705 311,300 SH SOLE 295,600 15,700 PALL CORP Common Stock 696429307 40,326 1,440,230 SH SOLE 1,303,630 136,600 PAREXEL INTERNATIONAL Common Stock 699462107 11,491 398,308 SH SOLE 357,723 40,585 PATHMARK STORES INC Common Stock 70322A101 9,316 989,969 SH SOLE 888,774 101,195 PFIZER INC Common Stock 717081103 14,137 602,328 SH SOLE 559,398 42,930 PHARMACOPEIA DRUG Common Stock 7171EP101 4,756 1,188,999 SH SOLE 1,077,820 111,179 PIER 1 IMPORTS INC Common Stock 720279108 14,084 2,017,710 SH SOLE 1,810,210 207,500 PROCTER & GAMBLE CO Common Stock 742718109 467 8,400 SH SOLE 8,400 PROQUEST COMPANY Common Stock 74346P102 15,161 1,233,570 SH SOLE 1,125,170 108,400 PULTE CORP Common Stock 745867101 6,648 230,900 SH SOLE 217,800 13,100 QUANTUM CORP - DLT & Common Stock 747906204 17,570 6,706,240 SH SOLE 6,038,290 667,950 QUIKSILVER INC Common Stock 74838C106 17,173 1,409,930 SH SOLE 1,266,630 143,300 RADIOSHACK CORP Common Stock 750438103 36,139 2,581,362 SH SOLE 2,370,362 211,000 RITE AID CORP Common Stock 767754104 49 11,500 SH SOLE 11,500 ROBBINS & MYERS INC Common Stock 770196103 11,940 456,790 SH SOLE 411,990 44,800 ROYAL DUTCH SHELL PLC Common Stock 780259206 548 8,176 SH SOLE 2,620 5,556 RYDER SYSTEM INC Common Stock 783549108 19,198 328,563 SH SOLE 294,873 33,690 SPX CORP Common Stock 784635104 6,043 108,000 SH SOLE 106,300 1,700 ST. PAUL TRAVELERS Common Stock 792860108 14,342 321,717 SH SOLE 300,175 21,542 SAKS INCORPORATED Common Stock 79377W108 5,003 309,400 SH SOLE 295,500 13,900 SCHOLASTIC CORP Common Stock 807066105 14,233 548,044 SH SOLE 492,344 55,700 SEACHANGE INTERNATIONAL Common Stock 811699107 12,332 1,771,840 SH SOLE 1,589,840 182,000 SKYWORKS SOLUTIONS INC Common Stock 83088M102 24,078 4,369,820 SH SOLE 3,915,020 454,800 SOLECTRON CORP Common Stock 834182107 27,092 7,921,671 SH SOLE 7,156,271 765,400 SOUTHERN UNION CO Common Stock 844030106 49,144 1,816,130 SH SOLE 1,667,230 148,900 SOVEREIGN BANCORP INC Common Stock 845905108 16,197 797,510 SH SOLE 755,710 41,800 SPRINT NEXTEL CORP Common Stock 852061100 267 13,346 SH SOLE 7,346 6,000 SUBURBAN PROPANE Common Stock 864482104 381 12,100 SH SOLE 9,300 2,800 SYMANTEC CORP Common Stock 871503108 18,934 1,218,400 SH SOLE 1,156,500 61,900 TD BANKNORTH INC Common Stock 87235A101 299 10,163 SH SOLE 8,468 1,695 TJX COS INC Common Stock 872540109 22,377 978,850 SH SOLE 928,150 50,700 TARGET CORP Common Stock 87612E106 238 4,880 SH SOLE 4,880 TECUMSEH PRODUCTS CO - CL Common Stock 878895200 18,364 956,480 SH SOLE 858,280 98,200 TEKELEC COM Common Stock 879101103 20,471 1,657,550 SH SOLE 1,485,450 172,100 TELEDYNE TECHNOLOGIES Common Stock 879360105 14,723 449,433 SH SOLE 403,683 45,750 PAGE COLUMN TOTALS 533,898
FORM 13 F 06/30/06 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 3M CO Common Stock 88579Y101 388 4,800 SH SOLE 4,800 TIBCO SOFTWARE INC Common Stock 88632Q103 23,634 3,352,351 SH SOLE 3,005,051 347,300 TIME WARNER INC Common Stock 887317105 17,708 1,023,570 SH SOLE 954,465 69,105 TOLL BROTHERS, INC. Common Stock 889478103 3,411 133,400 SH SOLE 128,300 5,100 TORONTO-DOMINION BANK Common Stock 891160509 256 5,038 SH SOLE 4,145 893 TYCO INTERNATIONAL Common Stock 902124106 29,317 1,066,066 SH SOLE 999,166 66,900 ULTRATECH INC Common Stock 904034105 11,717 744,430 SH SOLE 667,030 77,400 UNDERGROUND SOLUTIONS Common Stock 904323102 20 70,000 SH SOLE 70,000 UNISYS CORP Common Stock 909214108 36,157 5,757,424 SH SOLE 5,240,664 516,760 UNITED ENERGY Common Stock 910900208 14 10,000 SH SOLE 10,000 UNITED PARCEL SERVICE INC Common Stock 911312106 329 4,000 SH SOLE 3,000 1,000 UTSTARCOM INC Common Stock 918076100 15,132 1,942,552 SH SOLE 1,732,352 210,200 VALASSIS COMMUNICATIONS Common Stock 918866104 13,375 566,966 SH SOLE 510,166 56,800 VERIZON COMMUNICATIONS Common Stock 92343V104 2,195 65,550 SH SOLE 59,074 6,476 VISTEON CORP Common Stock 92839U107 19,574 2,714,880 SH SOLE 2,435,280 279,600 VODAPHONE GROUP PLC Common Stock 92857W100 223 10,470 SH SOLE 10,070 400 WACHOVIA CORP (NEW) Common Stock 929903102 3,252 60,138 SH SOLE 55,688 4,450 WAL MART STORES INC Common Stock 931142103 7,368 152,960 SH SOLE 143,260 9,700 WASHINGTON MUTUAL INC Common Stock 939322103 12,376 271,530 SH SOLE 250,395 21,135 WASTE MANAGEMENT INC Common Stock 94106L109 14,090 392,700 SH SOLE 370,900 21,800 WATCHGUARD Common Stock 941105108 3,686 905,671 SH SOLE 818,271 87,400 WAVECOM SA - ADR Common Stock 943531103 6,751 617,135 SH SOLE 553,098 64,037 WYETH Common Stock 983024100 233 5,248 SH SOLE 5,248 YUM BRANDS INC Common Stock 988498101 955 19,000 SH SOLE 19,000 RENAISSANCE RE HLDGS LTD Common Stock G7496G103 3,208 66,200 SH SOLE 51,400 14,800 SEAGATE TECHNOLOGY Common Stock G7945J104 21,128 933,217 SH SOLE 856,236 76,981 POWERDSINE LTD Common Stock M41415106 8,058 1,114,520 SH SOLE 1,001,720 112,800 ORCKIT COMMUNICATIONS Common Stock M7531S206 10,280 1,007,833 SH SOLE 904,833 103,000 RADWARE LTD Common Stock M81873107 6,453 502,534 SH SOLE 453,834 48,700 CNH GLOBAL N.V. Common Stock N20935206 9,379 392,090 SH SOLE 352,190 39,900 FLEXTRONICS INTL TLD Common Stock Y2573F102 7,099 668,460 SH SOLE 635,860 32,600 PAGE COLUMN TOTALS 287,767 AGGREGATE COLUMN TOTALS 2,127,159