13F-HR 1 f13f2006-03.txt FORM 13F FOR MARCH 31, 2006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2006 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: First Wilshire Securities Management, Inc. Address: 1224 East Green Street, Suite 200 Pasadena, CA 91106 13F File Number: 028-00983 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: Scott W. Hood Title: President Phone: (800) 858-0679 Signature, Place, and Date of Signing: /s/ Scott W. Hood Pasadena, CA Date May 10, 2006 -------------------------------------------------------------------------------- Report Type (Check only one.): |X| 13F HOLDINGS REPORT. |_| 13F NOTICE. |_| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: 163 Form 13F Information Table Value Total: $399,901,000 List of Other Included Managers: No. 13F File Number Name 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 Century Hld Wts Exp 9/30/ Com 90136Q134 632 157900 SH SOLE 119900 38000 21st Century Hldg Co Com 90136Q100 13773 812581 SH SOLE 91532 721049 21st Century Holding Co Wts ex Com 90136Q118 685 171342 SH SOLE 65912 105430 Abx Air Inc Com 00080S101 387 56810 SH SOLE 19810 37000 Ace Cash Express Com 004403101 10083 405120 SH SOLE 68201 336919 Agco Corp Com 001084102 1056 50900 SH SOLE 0 50900 Allied Capital Corp New Com 01903Q108 5639 184285 SH SOLE 27600 156685 Amcomp Inc Com 02342J101 533 55556 SH SOLE 55556 0 American Physicians Com 028882108 3108 224418 SH SOLE 0 224418 American Water Star Inc Com 030409106 2 100000 SH SOLE 100000 0 Amerisafe Inc Com 03071H100 1800 150000 SH SOLE 95000 55000 Andersons Inc Com 034164103 26596 339973 SH SOLE 11500 328473 Aquila Inc Com 03840P102 40 10000 SH SOLE 0 10000 Archer Daniels Midland Com 039483102 209 6200 SH SOLE 6200 0 Asconi Corp New Com 04363Q204 37 124100 SH SOLE 50900 73200 Asta Funding Inc Com 046220109 14936 449080 SH SOLE 15500 433580 AT & T Inc. Com 00206R102 399 14769 SH SOLE 0 14769 Atlantic Tele Network Com 049079205 11556 202740 SH SOLE 20100 182640 BB Holdings Limited Com P1622X106 6304 1370422 SH SOLE 63500 1306922 BeniHana Com 082047101 313 10200 SH SOLE 0 10200 Bradley Pharmaceuticals Inc Com 104576103 164 11000 SH SOLE 11000 0 Bridgetech Holdings Intl Com 10845P102 100 25000 SH SOLE 25000 0 Candente Resource Group Com 13739Y106 19 25000 SH SOLE 25000 0 Carlisle Group Ltd Ord Com P21241107 918 496093 SH SOLE 23120 472973 Carriage Services Inc Com 143905107 6726 1401240 SH SOLE 104500 1296740 Cash America Intl Inc Com 14754D100 7265 242000 SH SOLE 25000 217000 Center Finl Corp Calif Com 15146E102 298 12282 SH SOLE 0 12282 China Bak Battery, Inc Com 16936Y100 3277 327746 SH SOLE 327746 0 China Fund Inc. Com 169373107 1833 64400 SH SOLE 0 64400 China Yuchai International Ltd Com G21082105 2388 312100 SH SOLE 0 312100 Chindex Intl Inc Com 169467107 3254 359168 SH SOLE 61165 298003 Cleco Corp New Com 12561W105 246 11000 SH SOLE 0 11000 Comtech Group Inc Com 205821200 600 60000 SH SOLE 60000 0 Conocophillips Com 20825C104 2047 32420 SH SOLE 22420 10000 Consumer Port Svcs Inc Com 210502100 232 28400 SH SOLE 0 28400 Deli Solar USA Inc Com 24688L102 1348 385146 SH SOLE 11430 373716 Delta Air Lines Inc PV $3 Com 247361108 6 10000 SH SOLE 10000 0 Direct General Corp Com 25456W204 20592 1210591 SH SOLE 109729 1100862 Discovery Bancorp Com 25470B103 389 21242 SH SOLE 21242 0 DTE Energy Co Hldgs. Com 233331107 6669 166350 SH SOLE 14400 151950 Duke Energy Corp Com 26441C105 2411 82700 SH SOLE 19500 63200 East West Bancorp Inc Com 27579R104 4375 113495 SH SOLE 0 113495 Eden Bioscience Corp Com 279445886 24 26885 SH SOLE 26885 0 Edison International Com 281020107 206 5000 SH SOLE 5000 0 Educational Dev Corp. Com 281479105 185 23000 SH SOLE 21000 2000 EFJ Inc Com 26843B101 432 40000 SH SOLE 0 40000 Enterprise Products Partners Com 293792107 398 16109 SH SOLE 10498 5611 Eplus Inc Com 294268107 805 56575 SH SOLE 0 56575 Excelligence Learning Com 300684107 590 75599 SH SOLE 0 75599 Ezcorp Inc Com 302301106 2131 72184 SH SOLE 0 72184 First Cash Financial Service Com 31942D107 1653 82700 SH SOLE 0 82700 First Vietnamese American Bank Com 337468102 237 22000 SH SOLE 22000 0 Fresh Delmonte Com G36738105 1873 88535 SH SOLE 0 88535 Friedman Billings Ramsey Group Com 358434108 721 76900 SH SOLE 0 76900 Fushi International Com 36113C101 1914 371592 SH SOLE 371592 0 Gander Mountain Company Com 36471P108 1197 127090 SH SOLE 0 127090 Geo Group Inc Com 36159R103 333 10000 SH SOLE 0 10000 Global Aircraft Solutions Com 378964100 17 11000 SH SOLE 11000 0 Global Oceanic Carriers LTD St Com G39768109 57 78000 SH SOLE 78000 0 Great American Finl Res Inc Com 389915109 819 41500 SH SOLE 0 41500 Greater Bay Bancorp Com 391648102 277 10000 SH SOLE 0 10000 Greater China Fund Inc. Com 39167B102 4333 246051 SH SOLE 12699 233352 Hanmi Bank Com 410495105 2265 125410 SH SOLE 0 125410 Hanover Foods Cl A Com 41078W100 522 4465 SH SOLE 3912 553 Harbin Electric Inc Com 41145W109 22789 1981633 SH SOLE 0 1981633 Healthcare Svcs Group Com 421906108 279 13049 SH SOLE 0 13049 Hemacare Corp Com 423498104 196 76000 SH SOLE 76000 0 Heng Tai Consumables Group Ltd Com G44035106 373 3110000 SH SOLE 3110000 0 Home Depot Inc Com 437076102 212 5000 SH SOLE 5000 0 Host America Corp Com 44106W100 336 160000 SH SOLE 160000 0 Humana Inc Com 444859102 912 17325 SH SOLE 0 17325 Hungarian Tel & Cable Corp Com 445542103 8158 509233 SH SOLE 42798 466435 Imagenetix Inc Com 45247F104 194 154300 SH SOLE 0 154300 Imax Corp. Com 45245E109 12938 1274662 SH SOLE 78054 1196608 Intl Absorbents Inc New Com 45885E203 1716 527900 SH SOLE 16300 511600 Intl Displayworks Inc Com 459412102 533 81317 SH SOLE 81317 0 ITLA Capital Corp Com 450565106 862 17885 SH SOLE 0 17885 Itron Corp. Com 465741106 4482 74887 SH SOLE 3721 71166 Jakks Pacific Com 47012E106 797 29798 SH SOLE 20075 9723 Japan Equity Fund Inc Com 471057109 248 27000 SH SOLE 0 27000 Japan Smaller Capitalization F Com 47109U104 317 19165 SH SOLE 0 19165 Jinpan Intl Ltd Com G5138L100 3203 382706 SH SOLE 0 382706 Korean Equity Fd Com 50063B104 228 20500 SH SOLE 0 20500 Landec Corp Com 514766104 1084 135873 SH SOLE 12000 123873 Landry's Restaurant Inc Com 51508L103 491 13900 SH SOLE 0 13900 Lannett Company Com 516012101 83 11000 SH SOLE 11000 0 Lenox Group Inc Com 526262100 138 10500 SH SOLE 0 10500 Livent Inc Com 537902108 0 140000 SH SOLE 140000 0 Lo Jack Corp. Com 539451104 951 39638 SH SOLE 0 39638 Lone Star Tech Com 542312103 3909 70550 SH SOLE 0 70550 Lyondell Chemical Corp Com 552078107 5626 282720 SH SOLE 20500 262220 Malaysia Fund Inc Com 560905101 163 27600 SH SOLE 0 27600 Management Network Grp Com 561693102 22 10000 SH SOLE 10000 0 MDU Resources Group Inc Com 552690109 6690 200006 SH SOLE 24400 175606 Merisel Inc. Com 589849306 1513 214597 SH SOLE 39978 174619 Methanex Corp Com 59151K108 4410 214785 SH SOLE 24000 190785 MetLife Inc Com 59156R108 958 19800 SH SOLE 13800 6000 MFRI Inc Com 552721102 355 34642 SH SOLE 0 34642 Michael Baker Corp Com 057149106 354 12500 SH SOLE 0 12500 Mirant Corp. Com 60467R100 17 12000 SH SOLE 0 12000 Mitcham Inds. Inc. Com 606501104 12707 763626 SH SOLE 59739 703887 Mobile Mini Inc. Com 60740F105 2068 66880 SH SOLE 11280 55600 Monsanto Com 61166W101 636 7500 SH SOLE 0 7500 Motorcar Parts & Accessories Com 620071100 3411 255500 SH SOLE 31700 223800 National Atlantic Holdings Cor Com 63253Y107 344 33900 SH SOLE 0 33900 Natl Western Life Ins Com 638522102 738 3175 SH SOLE 1300 1875 Natures Sunshine Products Com 639027101 15216 1217285 SH SOLE 150677 1066608 Netguru Inc Com 64111K107 6 10800 SH SOLE 12352 -1552 New Market Corp. Com 651587107 1409 29600 SH SOLE 0 29600 Nicholas Finl Com 65373J209 289 24225 SH SOLE 24225 0 Nokia Corp Spons Com 654902204 363 17500 SH SOLE 17500 0 Northern Technologies Intl Com 665809109 78 10000 SH SOLE 10000 0 Northwest Airlines Inc. Com 667280101 5 10000 SH SOLE 10000 0 Octel Corp Com 45768S105 3983 155400 SH SOLE 9500 145900 Oriental Financial Group Inc Com 68618W100 264 18300 SH SOLE 0 18300 Overhill Farms Com 690212105 1095 348661 SH SOLE 348661 0 Owens Ill Inc Conv Pfd Com 690768502 510 14700 SH SOLE 0 14700 Owens Illinois Inc Com 690768403 3350 192850 SH SOLE 17750 175100 Pain Care Holdings Inc Com 69562E104 248 130000 SH SOLE 0 130000 Paula Financial Del Com 703588103 915 481618 SH SOLE 14950 466668 Perma Fix Environmental Com 714157104 79 41250 SH SOLE 41250 0 PHC Inc Mass Cl A Com 693315103 761 330737 SH SOLE 0 330737 PMA Cap Corp Cl A Com 693419202 340 33400 SH SOLE 10000 23400 Poore Brothers Inc Com 732813100 31 11000 SH SOLE 11000 0 Pro-Dex Inc Colo Com 74265M106 2417 982545 SH SOLE 74245 908300 Proliance Intl Inc Com 74340R104 519 94300 SH SOLE 13200 81100 Q.E.P. CO INC Com 74727K102 3637 317331 SH SOLE 0 317331 QC Holdings Inc Com 74729T101 455 36000 SH SOLE 25000 11000 R & B Inc. Com 749124103 711 69400 SH SOLE 0 69400 Radio Logics Com 75040K109 77 41400 SH SOLE 0 41400 Rent A Center Inc Com 76009N100 17576 687643 SH SOLE 79091 608552 River City Bank Mechanicsville Com 768037103 171 15000 SH SOLE 15000 0 RTWI Inc Com 74974R206 5044 472745 SH SOLE 39100 433645 Russell Corp Com 782352108 817 59200 SH SOLE 0 59200 Safety Components New Intl Inc Com 786474205 219 15400 SH SOLE 0 15400 San Diego Community Bank Com 797419207 374 49552 SH SOLE 49552 0 Sand Technologies Inc CL A New Com 799774302 18 25000 SH SOLE 25000 0 Scientific Learning Corp Com 808760102 95 20000 SH SOLE 20000 0 Seabright Insurance Holdings i Com 811656107 4130 237100 SH SOLE 87900 149200 Seagate Technologies Com G7945J104 11323 430058 SH SOLE 58050 372008 Segements Restricted Com 815801105 88 90500 SH SOLE 90500 0 Seitel Inc Com 816074405 281 87900 SH SOLE 60000 27900 Service Corp Intl. Com 817565104 9965 1277564 SH SOLE 69826 1207738 Sherwood Brands Inc Com 82437L104 807 504400 SH SOLE 67000 437400 Singapore Fd Com 82929L109 848 70100 SH SOLE 0 70100 St. Paul's Travelers Co. Com 792860108 9558 228720 SH SOLE 39553 189167 Stonemor Partners Ltd Partners Com 86183Q100 870 41600 SH SOLE 0 41600 Sunwin Intl Neutraceutical Com 867877102 249 196137 SH SOLE 196137 0 Superconductive Components Inc Com 868048307 1188 250000 SH SOLE 250000 0 Sweet Success Enterprise Com 87042Q109 127 149600 SH SOLE 149600 0 Tag-it Pac Inc Com 873774103 192 237500 SH SOLE 25800 211700 Thai Capital Fund Com 882905201 2545 254512 SH SOLE 0 254512 Tupperware Corp. Com 899896104 453 22000 SH SOLE 0 22000 UCBH Holdings Inc Com 90262T308 1595 84297 SH SOLE 0 84297 US Liquid Inc. Com 902974104 0 60000 SH SOLE 0 60000 Visiphor Corporation Com 92833P104 16 60000 SH SOLE 60000 0 Vita Foods Products Inc Com 928450105 87 25000 SH SOLE 0 25000 Volt Information Sci Inc Com 928703107 865 28300 SH SOLE 0 28300 Warrantech Corp. Com 934648304 73 177800 SH SOLE 15100 162700 Waste Industries USA, Inc. Com 941057101 217 10000 SH SOLE 0 10000 Wilshire Bancorp Com 97186T108 3598 193545 SH SOLE 0 193545 YP. Net Inc Com 987824109 83 81000 SH SOLE 32000 49000 163 399901