N-Q/A 1 rq835_35012nq.txt 835_35012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q/A QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-04797 OPPENHEIMER QUEST CAPITAL VALUE FUND, INC. (Exact name of registrant as specified in charter) 6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924 (Address of principal executive offices) (Zip code) ROBERT G. ZACK, ESQ. OPPENHEIMERFUNDS, INC. TWO WORLD FINANCIAL CENTER, NEW YORK, NEW YORK 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: OCTOBER Date of reporting period: 07/31/2006 ITEM 1. SCHEDULE OF INVESTMENTS. -------------------------------------------------------------------------------- Oppenheimer Quest Capital Value Fund, Inc. STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited --------------------------------------------------------------------------------
SHARES VALUE --------------------------------------------------------------------------------------------------------------- COMMON STOCKS--98.9% --------------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--16.5% --------------------------------------------------------------------------------------------------------------- AUTO COMPONENTS--0.8% Gentex Corp. 291,521 $ 3,888,890 --------------------------------------------------------------------------------------------------------------- HOTELS, RESTAURANTS & LEISURE--0.7% Applebee's International, Inc. 207,900 3,692,304 --------------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--2.1% Centex Corp. 221,300 10,469,703 --------------------------------------------------------------------------------------------------------------- MEDIA--5.5% Lamar Advertising Co., Cl. A 1 126,800 6,218,272 --------------------------------------------------------------------------------------------------------------- Omnicom Group, Inc. 140,421 12,428,663 --------------------------------------------------------------------------------------------------------------- WPP Group plc, Sponsored ADR 154,600 9,133,768 --------------- 27,780,703 --------------------------------------------------------------------------------------------------------------- MULTILINE RETAIL--1.0% Federated Department Stores, Inc. 144,200 5,062,862 --------------------------------------------------------------------------------------------------------------- SPECIALTY RETAIL--4.9% Claire's Stores, Inc. 427,200 10,692,816 --------------------------------------------------------------------------------------------------------------- TJX Cos., Inc. (The) 573,500 13,976,195 --------------- 24,669,011 --------------------------------------------------------------------------------------------------------------- TEXTILES, APPAREL & LUXURY GOODS--1.5% K-Swiss, Inc., Cl. A 258,000 7,216,260 --------------------------------------------------------------------------------------------------------------- ENERGY--5.3% --------------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--1.0% National Oilwell Varco, Inc. 1 74,000 4,960,960 --------------------------------------------------------------------------------------------------------------- OIL & GAS--4.3% ConocoPhillips 86,200 5,916,768 --------------------------------------------------------------------------------------------------------------- Exxon Mobil Corp. 85,000 5,757,900 --------------------------------------------------------------------------------------------------------------- Range Resources Corp. 158,400 4,452,624 --------------------------------------------------------------------------------------------------------------- XTO Energy, Inc. 120,500 5,662,295 --------------- 21,789,587 --------------------------------------------------------------------------------------------------------------- FINANCIALS--33.2% --------------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--2.4% Merrill Lynch & Co., Inc. 165,600 12,058,992 --------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--6.7% M&T Bank Corp. 45,300 5,522,976 --------------------------------------------------------------------------------------------------------------- Prosperity Bancshares, Inc. 81,700 2,873,389 --------------------------------------------------------------------------------------------------------------- TCF Financial Corp. 305,800 8,229,078 --------------------------------------------------------------------------------------------------------------- Zions Bancorp 208,000 17,085,120 --------------- 33,710,563 --------------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--11.0% CIT Group, Inc. 288,900 13,263,399 --------------------------------------------------------------------------------------------------------------- Citigroup, Inc. 417,700 20,179,087 --------------------------------------------------------------------------------------------------------------- JPMorgan Chase & Co. 477,700 21,792,674 --------------- 55,235,160 --------------------------------------------------------------------------------------------------------------- INSURANCE--9.8% Conseco, Inc. 1 300,300 6,846,840 --------------------------------------------------------------------------------------------------------------- Everest Re Group Ltd. 127,600 12,072,236 --------------------------------------------------------------------------------------------------------------- Hartford Financial Services Group, Inc. (The) 93,300 7,915,572
1 | Oppenheimer Quest Capital Value Fund, Inc. -------------------------------------------------------------------------------- Oppenheimer Quest Capital Value Fund, Inc. STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited --------------------------------------------------------------------------------
SHARES VALUE --------------------------------------------------------------------------------------------------------------- INSURANCE CONTINUED MBIA, Inc. 82,900 $ 4,875,349 --------------------------------------------------------------------------------------------------------------- Partnerre Holdings Ltd. 110,200 6,846,726 --------------------------------------------------------------------------------------------------------------- Reinsurance Group of America, Inc. 221,700 10,989,669 --------------- 49,546,392 --------------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--3.3% Countrywide Financial Corp. 145,900 5,227,597 --------------------------------------------------------------------------------------------------------------- MGIC Investment Corp. 197,000 11,211,270 --------------- 16,438,867 --------------------------------------------------------------------------------------------------------------- HEALTH CARE--14.2% --------------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--2.1% Invitrogen Corp. 1 174,300 10,769,997 --------------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--4.2% Beckman Coulter, Inc. 154,700 8,856,575 --------------------------------------------------------------------------------------------------------------- Thermo Electron Corp. 1 330,200 12,220,702 --------------- 21,077,277 --------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--4.4% Laboratory Corp. of America Holdings 1 243,100 15,660,502 --------------------------------------------------------------------------------------------------------------- Omnicare, Inc. 138,600 6,273,036 --------------- 21,933,538 --------------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--3.5% Pfizer, Inc. 220,000 5,717,800 --------------------------------------------------------------------------------------------------------------- Roche Holdings AG 66,000 11,745,967 --------------- 17,463,767 --------------------------------------------------------------------------------------------------------------- INDUSTRIALS--8.9% --------------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--3.4% DRS Technologies, Inc. 50,600 2,342,274 --------------------------------------------------------------------------------------------------------------- Goodrich Corp. 130,100 5,252,137 --------------------------------------------------------------------------------------------------------------- L-3 Communications Holdings, Inc. 126,500 9,316,725 --------------- 16,911,136 --------------------------------------------------------------------------------------------------------------- AIR FREIGHT & LOGISTICS--1.3% Pacer International, Inc. 218,705 6,528,344 --------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--1.1% ChoicePoint, Inc. 1 154,800 5,287,968 --------------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--1.3% General Electric Co. 207,400 6,779,906 --------------------------------------------------------------------------------------------------------------- MACHINERY--1.8% Actuant Corp., Cl. A 108,000 4,753,080 --------------------------------------------------------------------------------------------------------------- Oshkosh Truck Corp. 103,700 4,446,656 --------------- 9,199,736 --------------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--11.2% --------------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--3.1% Cisco Systems, Inc. 1 244,900 4,371,465 --------------------------------------------------------------------------------------------------------------- Motorola, Inc. 502,700 11,441,452 --------------- 15,812,917 --------------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--5.6% Amphenol Corp., Cl. A 110,300 6,185,624 --------------------------------------------------------------------------------------------------------------- Anixter International, Inc. 122,000 6,725,860
2 | Oppenheimer Quest Capital Value Fund, Inc. -------------------------------------------------------------------------------- Oppenheimer Quest Capital Value Fund, Inc. STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited --------------------------------------------------------------------------------
SHARES VALUE --------------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS CONTINUED CDW Corp. 135,400 $ 7,999,432 --------------------------------------------------------------------------------------------------------------- Jabil Circuit, Inc. 303,000 6,999,300 --------------- 27,910,216 --------------------------------------------------------------------------------------------------------------- OFFICE ELECTRONICS--1.0% Zebra Technologies Corp., Cl. A 1 161,000 5,047,350 --------------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--1.5% Taiwan Semiconductor Manufacturing Co. Ltd., ADR 880,744 7,636,050 --------------------------------------------------------------------------------------------------------------- MATERIALS--1.4% --------------------------------------------------------------------------------------------------------------- CONTAINERS & PACKAGING--1.4% Smurfit-Stone Container Corp. 1 683,200 6,913,984 --------------------------------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--1.0% --------------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--0.2% Windstream Corp. 79,302 993,654 --------------------------------------------------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES--0.8% Alltel Corp. 76,700 4,231,539 --------------------------------------------------------------------------------------------------------------- UTILITIES--7.2% --------------------------------------------------------------------------------------------------------------- MULTI-UTILITIES & UNREGULATED POWER--7.2% Dominion Resources, Inc. 145,000 11,379,600 --------------------------------------------------------------------------------------------------------------- Duke Energy Corp. 663,300 20,111,256 --------------------------------------------------------------------------------------------------------------- SCANA Corp. 117,000 4,678,830 --------------- 36,169,686 --------------- Total Common Stocks (Cost $458,849,449) 497,187,319 PRINCIPAL AMOUNT --------------------------------------------------------------------------------------------------------------- SHORT-TERM NOTES--1.1% --------------------------------------------------------------------------------------------------------------- American General Finance Corp., 5.31%, 8/21/06 $ 3,000,000 2,991,150 --------------------------------------------------------------------------------------------------------------- Federal Home Loan Bank, 4.95%, 8/1/06 2,693,000 2,693,000 --------------- Total Short-Term Notes (Cost $5,684,150) 5,684,150 --------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $464,533,599) 100.0% 502,871,469 --------------------------------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets 0.0 (232,890) ------------------------------- Net Assets 100.0% $ 502,638,579 ===============================
Footnote to Statement of Investments 1. Non-income producing security. FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of July 31, 2006 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $ 464,533,599 =============== Gross unrealized appreciation $ 58,673,086 Gross unrealized depreciation (20,335,216) --------------- Net unrealized appreciation $ 38,337,870 =============== 3 | Oppenheimer Quest Capital Value Fund, Inc. -------------------------------------------------------------------------------- Oppenheimer Quest Capital Value Fund, Inc. STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited -------------------------------------------------------------------------------- NOTES TO QUARTERLY STATEMENT OF INVESTMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (the "Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Directors. Securities listed or traded on National Stock Exchanges or other domestic exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, as identified by the portfolio pricing service, prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Directors. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of the New York Stock Exchange (the "Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Directors. Reported net realized foreign exchange gains or losses arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates. The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund's Statement of Operations in the annual and semiannual reports. 4 | Oppenheimer Quest Capital Value Fund, Inc. ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of 07/31/2006, the registrant's principal executive officer and principal financial officer found the registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in the registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Exhibits attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Oppenheimer Quest Capital Value Fund, Inc. By: /S/ JOHN V. MURPHY ---------------------------- John V. Murphy Principal Executive Officer Date: 09/14/2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /S/ JOHN V. MURPHY ---------------------------- John V. Murphy Principal Executive Officer Date: 09/14/2006 By: /S/ BRIAN W. WIXTED ---------------------------- Brian W. Wixted Principal Financial Officer Date: 09/14/2006