-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MYc6ci3fJdTkjxoUO/WZoI7uyHJEEJbVI0Fz1qWoLl+0oC7+loWhCGFcDey7JSEO 8uASZtkfKGVyLtwpDhXY8g== 0001193125-06-030551.txt : 20060214 0001193125-06-030551.hdr.sgml : 20060214 20060214112835 ACCESSION NUMBER: 0001193125-06-030551 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 EFFECTIVENESS DATE: 20060214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KNOTT DAVID M CENTRAL INDEX KEY: 0000808722 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03121 FILM NUMBER: 06609212 MAIL ADDRESS: STREET 1: 485 UNDERHILL BLVD STREET 2: STE 205 CITY: SYOSSET STATE: NY ZIP: 11791-3419 13F-HR 1 d13fhr.txt FORM 13F OMB APPROVAL ------------------------------ OMB Number: 3235-0006 ------------------------------ Expires: October 31, 2000 ------------------------------ Estimated average burden hours per response.... 24.7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended December 31, 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: David M. Knott Address: 485 Underhill Boulevard Suite 205 Syosset, NY 11791 Form 13F File Number: 28-03121 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: Reporting Manager: Name: David M. Knott Title: Investment Manager Phone: (516) 364-0303 Signature, Place and Date of Signing: /s/ David M. Knott - -------------------------- [Signature] Syosset, New York [City, State] February 14, 2006 [Date] Report Type (Check only one.): [X]13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_]13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [_]13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Page 1 of 14 Form 13F Summary Page Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 431 Form 13F Information Table Value Total: $2,576,464 (thousands) List of Other Included Managers: Dorset Management Corporation ("Dorset") Page 2 of 14 Form 13F Information Table
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- ----------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ----------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- ------ ------ 1 800 Contacts Inc............ Common 681977104 4,633,785 396,050 SH DEFINED Dorset 396,050 1 800 Contacts Inc............ Common 681977104 310,401 26,530 SH DEFINED Dorset 26,530 1 800 Contacts Inc............ Common 681977104 80,730 6,900 SH DEFINED Dorset 6,900 Acacia Research Corp.......... Common 003881307 8,708,669 1,262,126 SH DEFINED Dorset 1,262,126 Acacia Research Corp.......... Common 003881307 500,940 72,600 SH DEFINED Dorset 72,600 Acacia Research Corp.......... Common 003881307 114,540 16,600 SH DEFINED Dorset 16,600 Ad. Ventures Partners......... Common 00516Q109 201,628 37,900 SH DEFINED Dorset 37,900 Ad. Ventures Partners......... Common 00516Q109 11,172 2,100 SH DEFINED Dorset 2,100 Ad. Ventures Partners......... Common 00516Q109 2,660 500 SH DEFINED Dorset 500 Aeropostale Inc............... Common 007865108 1,315,000 50,000 SH OTHER 50,000 Aeropostale Inc............... Common 007865108 5,073,270 192,900 SH DEFINED Dorset 192,900 Aeropostale Inc............... Common 007865108 289,300 11,000 SH DEFINED Dorset 11,000 Aeropostale Inc............... Common 007865108 63,120 2,400 SH DEFINED Dorset 2,400 Aldabra Acquisition Corp...... Common 01407F103 1,516,643 286,700 SH DEFINED Dorset 286,700 Aldabra Acquisition Corp...... Common 01407F103 86,756 16,400 SH DEFINED Dorset 16,400 Aldabra Acquisition Corp...... Common 01407F103 19,573 3,700 SH DEFINED Dorset 3,700 Aldabra Acquisition Corp...... Common 01407F111 131,882 286,700 SH Call DEFINED Dorset 286,700 Aldabra Acquisition Corp...... Common 01407F111 7,544 16,400 SH Call DEFINED Dorset 16,400 Aldabra Acquisition Corp...... Common 01407F111 1,702 3,700 SH Call DEFINED Dorset 3,700 Ambac Financial Group Inc..... Common 023139108 115,590 1,500 SH SOLE 1,500 Ambac Financial Group Inc..... Common 023139108 11,281,122 146,394 SH DEFINED Dorset 146,394 Ambac Financial Group Inc..... Common 023139108 46,236 600 SH OTHER 600 Ambac Financial Group Inc..... Common 023139108 655,010 8,500 SH DEFINED Dorset 8,500 Ambac Financial Group Inc..... Common 023139108 146,414 1,900 SH DEFINED Dorset 1,900 American Express @ 47.5 Exp. 1/08........................ Common 02364L109 3,351,720 3,162 SH Call DEFINED Dorset 3,162 American Express @ 47.5 Exp. 1/08........................ Common 02364L109 191,860 181 SH Call DEFINED Dorset 181 American Express @ 47.5 Exp. 1/08........................ Common 02364L109 43,460 41 SH Call DEFINED Dorset 41 American Express Co. @ 50 exp. 1/07........................ Common 0250019AJ 4,238,640 3,364 SH Call DEFINED Dorset 3,364 American Express Co. @ 50 exp. 1/07........................ Common 0250019AJ 249,480 198 SH Call DEFINED Dorset 198 American Express Co. @ 50 exp. 1/07........................ Common 0250019AJ 768,000 600 SH Call OTHER Dorset 600 American Express Co. @ 50 exp. 1/07........................ Common 0250019AJ 64,260 51 SH Call DEFINED Dorset 51
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Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ----------- ------------------ ---------- -------- ------------------------ Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ------------------------ Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ----------- --------- --- ---- ---------- -------- --------- ------- ------ American Express Co. @ 55 exp. 1/07........................ Common 0250019AK 5,430,880 5,968 SH Call DEFINED Dorset 5,968 American Express Co. @ 55 exp. 1/07........................ Common 0250019AK 310,310 341 SH Call DEFINED Dorset 341 American Express Co. @ 55 exp. 1/07........................ Common 0250019AK 366,000 400 SH Call OTHER Dorset 400 American Express Co. @ 55 exp. 1/07........................ Common 0250019AK 81,900 90 SH Call DEFINED Dorset 90 American Int'l Group Inc...... Common 026874107 124,546,633 1,825,394 SH DEFINED Dorset 1,825,394 American Int'l Group Inc...... Common 026874107 7,198,265 105,500 SH DEFINED Dorset 105,500 American Int'l Group Inc...... Common 026874107 1,623,874 23,800 SH DEFINED Dorset 23,800 American International Group....................... Common 026874107 661,831 9,700 SH SOLE 9,700 American International Group....................... Common 026874107 177,398 2,600 SH OTHER 2,600 American Service Group, Inc... Common 02364L109 6,034,730 380,500 SH DEFINED Dorset 380,500 American Service Group, Inc... Common 02364L109 344,162 21,700 SH DEFINED Dorset 21,700 American Service Group, Inc... Common 02364L109 77,714 4,900 SH DEFINED Dorset 4,900 Anadarko Petroleum Corp....... Common 032511107 21,849,350 230,600 SH DEFINED Dorset 230,600 Anadarko Petroleum Corp....... Common 032511107 45,783,200 483,200 SH DEFINED Dorset 483,200 Anadarko Petroleum Corp....... Common 032511107 284,250 3,000 SH DEFINED Dorset 3,000 Ann Taylor Stores Corp........ Common 036115103 3,228,310 93,520 SH DEFINED Dorset 93,520 Ann Taylor Stores Corp........ Common 036115103 186,408 5,400 SH DEFINED Dorset 5,400 Ann Taylor Stores Corp........ Common 036115103 800,174 23,180 SH OTHER Dorset 23,180 Ann Taylor Stores Corp........ Common 036115103 41,424 1,200 SH DEFINED Dorset 1,200 Ardent Acquisition Corp....... Common 03979E100 645,117 124,300 SH DEFINED Dorset 124,300 Ardent Acquisition Corp....... Common 03979E100 36,849 7,100 SH DEFINED Dorset 7,100 Ardent Acquisition Corp....... Common 03979E100 347,730 67,000 SH OTHER Dorset 67,000 Ardent Acquisition Corp....... Common 03979E100 8,304 1,600 SH DEFINED Dorset 1,600 Aristotle Corp................ Common 040448201 25,553 3,380 SH DEFINED Dorset 3,380 Arrowhead Research Corp....... Common 042797100 10,409,567 2,449,310 SH DEFINED Dorset 2,449,310 Arrowhead Research Corp....... Common 042797100 594,575 139,900 SH DEFINED Dorset 139,900 Arrowhead Research Corp....... Common 042797100 135,150 31,800 SH DEFINED Dorset 31,800 Baker Hughes Inc.............. Common 057224107 54,215,760 892,000 SH DEFINED Dorset 892,000 Bayview Capital Corp.......... Common 07262L101 1,541,124 86,580 SH DEFINED Dorset 86,580 Bayview Capital Corp.......... Common 07262L101 88,644 4,980 SH DEFINED Dorset 4,980 Bayview Capital Corp.......... Common 07262L101 20,292 1,140 SH DEFINED Dorset 1,140 Beazer Home's USA Inc......... Common 07556Q105 159,463,805 2,189,234 SH DEFINED Dorset 2,189,234 Beazer Home's USA Inc......... Common 07556Q105 9,185,852 126,110 SH DEFINED Dorset 126,110 Beazer Home's USA Inc......... Common 07556Q105 2,073,026 28,460 SH DEFINED Dorset 28,460 Beazer Homes USA.............. Common 07556Q105 644,634 8,850 SH SOLE 8,850
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Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ----------- ------------------ ---------- -------- -------------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other -------------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ----------- --------- --- ---- ---------- -------- --------- --------- ------ Beazer Homes USA.......... Common 07556Q105 229,446 3,150 SH OTHER 3,150 Bioveris Corp............. Common 090676107 2,637,347 577,100 SH DEFINED Dorset 577,100 Bioveris Corp............. Common 090676107 152,638 33,400 SH DEFINED Dorset 33,400 Bioveris Corp............. Common 090676107 34,732 7,600 SH DEFINED Dorset 7,600 BJ Services............... Common 055482103 47,351,971 1,291,300 SH DEFINED Dorset 1,291,300 Blockbuster Video......... Common 093679108 7,878,750 2,101,000 SH DEFINED Dorset 2,101,000 Blockbuster Video......... Common 093679108 450,000 120,000 SH DEFINED Dorset 120,000 Blockbuster Video......... Common 093679108 102,375 27,300 SH DEFINED Dorset 27,300 Blockbuster Video Class B................. Common 093679207 2,095,236 629,200 SH DEFINED Dorset 629,200 Blockbuster Video Class B................. Common 093679207 119,880 36,000 SH DEFINED Dorset 36,000 Blockbuster Video Class B................. Common 093679207 27,306 8,200 SH DEFINED Dorset 8,200 Burlington Resources...... Common 122014103 36,635,000 425,000 SH DEFINED Dorset 425,000 Butler International Inc..................... Common 123649105 3,234,090 965,400 SH DEFINED Dorset 965,400 Butler International Inc..................... Common 123649105 264,315 78,900 SH DEFINED Dorset 78,900 Butler International Inc..................... Common 123649105 25,125 7,500 SH DEFINED Dorset 7,500 Cabot Oil & Gas........... Common 127097103 6,151,640 136,400 SH DEFINED Dorset 136,400 Cabot Oil & Gas........... Common 127097103 23,122,770 512,700 SH DEFINED Dorset 512,700 Cabot Oil & Gas........... Common 127097103 81,180 1,800 SH DEFINED Dorset 1,800 Callidus Software......... Common 13123E500 9,465,057 2,253,585 SH DEFINED Dorset 2,253,585 Callidus Software......... Common 13123E500 544,732 129,698 SH DEFINED Dorset 129,698 Callidus Software......... Common 13123E500 123,060 29,300 SH DEFINED Dorset 29,300 Canadian Natural Resources Ltd..................... Common 136385101 714,528 14,400 SH SOLE 14,400 Canadian Natural Resources Ltd..................... Common 136385101 222,791,563 4,495,300 SH DEFINED Dorset 4,495,300 Canadian Natural Resources Ltd..................... Common 136385101 258,024 5,200 SH OTHER 5,200 Canadian Natural Resources Ltd..................... Common 136385101 53,027,296 1,069,940 SH DEFINED Dorset 1,069,940 Canadian Natural Resources Ltd..................... Common 136385101 2,780,372 56,100 SH DEFINED Dorset 56,100 Caremark RX Inc........... Common 141705131 19,340,458 373,440 SH DEFINED Dorset 373,440 Caremark RX Inc........... Common 141705131 1,144,559 22,100 SH DEFINED Dorset 22,100 Caremark RX Inc........... Common 141705131 248,592 4,800 SH DEFINED Dorset 4,800 Carrier Access Corp....... Common 144460102 64,595 13,076 SH DEFINED Dorset 13,076 Carrier Access Corp....... Common 144460102 3,952 800 SH DEFINED Dorset 800 Carrier Access Corp....... Common 144460102 988 200 SH DEFINED Dorset 200 CEA Acquisition Corp...... Common 12513Q107 71,500 13,000 SH OTHER Dorset 13,000 Centex Corporation........ Common 152312104 686,304 9,600 SH SOLE 9,600 Centex Corporation........ Common 152312104 166,440,158 2,328,160 SH DEFINED Dorset 2,328,160
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Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- -------------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other -------------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- --------- ------ Centex Corporation......... Common 152312104 214,470 3,000 SH OTHER 3,000 Centex Corporation......... Common 152312104 9,651,160 135,000 SH DEFINED Dorset 135,000 Centex Corporation......... Common 152312104 2,166,147 30,300 SH DEFINED Dorset 30,300 Chardan North China........ Common 15956A109 1,036,557 180,900 SH DEFINED Dorset 180,900 Chardan North China........ Common 15956A109 59,592 10,400 SH DEFINED Dorset 10,400 Chardan North China........ Common 15956A109 131,504 22,950 SH OTHER Dorset 22,950 Chardan North China........ Common 15956A109 13,179 2,300 SH DEFINED Dorset 2,300 Chardan North China........ Common 15956A117 300,125 171,500 SH Call DEFINED Dorset 171,500 Chardan North China........ Common 15956A117 17,150 9,800 SH Call DEFINED Dorset 9,800 Chardan North China........ Common 15956A117 4,025 2,300 SH Call DEFINED Dorset 2,300 Chardan North China Units.................... Common 15956A208 209,993 22,950 SH OTHER Dorset 22,950 Chardan South China........ Common 15956C105 951,825 171,500 SH DEFINED Dorset 171,500 Chardan South China........ Common 15956C105 12,765 2,300 SH DEFINED Dorset 2,300 Chardan South China........ Common 15956C105 127,373 22,950 SH OTHER Dorset 22,950 Chardan South China........ Common 15956C105 54,390 9,800 SH DEFINED Dorset 9,800 Chardan South China........ Common 15956C113 234,955 171,500 SH Call DEFINED Dorset 171,500 Chardan South China........ Common 15956C113 13,426 9,800 SH Call DEFINED Dorset 9,800 Chardan South China........ Common 15956C113 3,151 2,300 SH Call DEFINED Dorset 2,300 Chardan South China Units.................... Common 15956C204 196,223 22,950 SH OTHER Dorset 22,950 Chevron Texaco Corp........ Common 166764100 58,189,250 1,025,000 SH DEFINED Dorset 1,025,000 China Unistone Acquisition.............. Common 16945P116 1,914,300 283,600 SH DEFINED Dorset 283,600 China Unistone Acquisition.............. Common 16945P116 118,125 17,500 SH DEFINED Dorset 17,500 China Unistone Acquisition.............. Common 16945P116 506,250 75,000 SH OTHER Dorset 75,000 China Unistone Acquisition.............. Common 16945P116 26,325 3,900 SH DEFINED Dorset 3,900 Citigroup Inc.............. Common 172967101 1,028,836 21,200 SH SOLE 21,200 Citigroup Inc.............. Common 172967101 91,235,429 1,879,980 SH DEFINED Dorset 1,879,980 Citigroup Inc.............. Common 172967101 232,944 5,100 SH OTHER 5,100 Citigroup Inc.............. Common 172967101 5,653,745 116,500 SH DEFINED Dorset 116,500 Citigroup Inc.............. Common 172967101 1,625,755 33,500 SH DEFINED Dorset 33,500 Click Software Technologies Inc...................... Common M25082104 1,186,695 648,467 SH DEFINED Dorset 648,467 Click Software Technologies Inc...................... Common M25082104 68,076 37,200 SH DEFINED Dorset 37,200 Click Software Technologies Inc...................... Common M25082104 15,372 8,400 SH DEFINED Dorset 8,400 Coastal Bancshares......... Common 19041F107 476,850 93,500 SH DEFINED Dorset 93,500 Coastal Bancshares......... Common 19041F107 27,030 5,300 SH DEFINED Dorset 5,300 Coastal Bancshares......... Common 19041F107 255,000 50,000 SH OTHER Dorset 50,000
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Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ----------- ------------------ ---------- -------- ------------------------ Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ------------------------ Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ----------- --------- --- ---- ---------- -------- --------- ------- ------ Coastal Bancshares........ Common 19041F107 6,120 1,200 SH DEFINED Dorset 1,200 Collectors Universe Inc............... Common 19421R200 3,862,352 239,600 SH DEFINED Dorset 239,600 Collectors Universe Inc............... Common 19421R200 217,620 13,500 SH DEFINED Dorset 13,500 Collectors Universe Inc............... Common 19421R200 51,584 3,200 SH DEFINED Dorset 3,200 Columbia Labs Inc... Common 197779101 9,601,325 2,064,801 SH DEFINED Dorset 2,064,801 Columbia Labs Inc... Common 197779101 2,790 600 SH OTHER 600 Columbia Labs Inc... Common 197779101 762,135 163,900 SH DEFINED Dorset 163,900 Connetics Corporation....... Common 208192104 14,049,504 972,284 SH DEFINED Dorset 972,284 Connetics Corporation....... Common 208192104 803,420 55,600 SH DEFINED Dorset 55,600 Connetics Corporation....... Common 208192104 182,070 12,600 SH DEFINED Dorset 12,600 Courtside Acquisition....... Common 22274N102 1,935,766 373,700 SH DEFINED Dorset 373,700 Courtside Acquisition....... Common 22274N102 110,852 21,400 SH DEFINED Dorset 21,400 Courtside Acquisition....... Common 22274N102 25,382 4,900 SH DEFINED Dorset 4,900 Crucell NV.......... Common 228769105 27,122,330 1,059,466 SH DEFINED Dorset 1,059,466 Crucell NV.......... Common 228769105 1,548,800 60,500 SH DEFINED Dorset 60,500 Crucell NV.......... Common 228769105 353,280 13,800 SH DEFINED Dorset 13,800 D.R. Horton Inc..... Common 23331A109 218,255,705 6,108,472 SH DEFINED Dorset 6,108,472 D.R. Horton Inc..... Common 23331A109 12,594,822 352,500 SH DEFINED Dorset 352,500 D.R. Horton Inc..... Common 23331A109 2,833,388 79,300 SH DEFINED Dorset 79,300 D.R. Horton Inc..... Common 23331A109 1,250,550 35,000 SH SOLE 35,000 D.R. Horton Inc..... Common 23331A109 428,760 15,000 SH OTHER 15,000 Danka Business Systems........... Common 236277109 5,577,107 3,400,675 SH DEFINED Dorset 3,400,675 Danka Business Systems........... Common 236277109 318,242 194,050 SH DEFINED Dorset 194,050 Danka Business Systems........... Common 236277109 72,324 44,100 SH DEFINED Dorset 44,100 Devon Energy Corp... Common 25179M103 27,204,900 435,000 SH DEFINED Dorset 435,000 Dyadic Int'l Inc.... Common 26745T101 1,244,600 622,300 SH DEFINED Dorset 622,300 Dyadic Int'l Inc.... Common 26745T101 73,800 36,900 SH DEFINED Dorset 36,900 Dyadic Int'l Inc.... Common 26745T101 16,800 8,400 SH DEFINED Dorset 8,400 Eagle Materials Inc............... Common 26969P108 15,907 130 SH SOLE 130 Eagle Materials Inc............... Common 26969P108 2,080 17 SH OTHER 17 Eagle Materials Inc. Class B........... Common 26969P207 52,996 450 SH SOLE 450 Eagle Materials Inc. Class B........... Common 26969P207 12,337,585 104,760 SH DEFINED Dorset 104,760 Eagle Materials Inc. Class B........... Common 26969P207 6,948 59 SH OTHER 59 Eagle Materials Inc. Class B........... Common 26969P207 723,392 6,142 SH DEFINED Dorset 6,142 Eagle Materials Inc. Class B........... Common 26969P207 164,878 1,400 SH DEFINED Dorset 1,400 Encana Corp......... Common 292505104 30,519,715 675,200 SH DEFINED Dorset 675,200 Equitable Resources Inc............... Common 294549100 733,800 20,000 SH DEFINED Dorset 20,000
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Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- ------------------------ Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ------------------------ Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- ------- ------ Exegenics Inc................. Common 301610101 306,270 747,000 SH DEFINED Dorset 747,000 Exegenics Inc................. Common 301610101 17,917 43,700 SH DEFINED Dorset 43,700 Exegenics Inc................. Common 301610101 3,977 9,700 SH DEFINED Dorset 9,700 Fidelity National Financial... Common 316326107 11,165,397 303,490 SH DEFINED Dorset 303,490 Fidelity National Financial... Common 316326107 665,899 18,100 SH DEFINED Dorset 18,100 Fidelity National Financial... Common 316326107 150,839 4,100 SH DEFINED Dorset 4,100 Fidelity Nat'l Title Group Inc......................... Common 31620R105 1,341,928 55,110 SH DEFINED Dorset 55,110 Fidelity Nat'l Title Group Inc......................... Common 31620R105 77,116 3,167 SH DEFINED Dorset 3,167 Fidelity Nat'l Title Group Inc......................... Common 31620R105 17,459 717 SH DEFINED Dorset 717 First Keystone Financial...... Inc......................... Common 320655103 1,141,128 58,700 SH DEFINED Dorset 58,700 First Keystone Financial...... Inc......................... Common 320655103 68,040 3,500 SH DEFINED Dorset 3,500 First Keystone Financial...... Inc......................... Common 320655103 15,552 800 SH DEFINED Dorset 800 First Marblehead Corp. @ 25 Exp. 3/06................... Common 32077190E 70,125 935 SH Put DEFINED Dorset 935 First Marblehead Corp. @ 25 Exp. 3/06................... Common 32077190E 4,050 54 SH DEFINED Dorset 54 First Marblehead Corp. @ 25 Exp. 3/06................... Common 32077190E 825 11 SH DEFINED Dorset 11 FMC Technologies Inc.......... Common 302490101 10,403,808 242,400 SH DEFINED Dorset 242,400 Foot Star..................... Common 344912100 99,015 28,700 SH DEFINED Dorset 28,700 Foot Star..................... Common 344912100 13,110 3,800 SH DEFINED Dorset 3,800 Fuel-Tech N.V................. Common 359523107 6,704,272 739,170 SH DEFINED Dorset 739,170 Fuel-Tech N.V................. Common 359523107 383,661 42,300 SH DEFINED Dorset 42,300 Fuel-Tech N.V................. Common 359523107 87,072 9,600 SH DEFINED Dorset 9,600 Gainsco, Inc.................. Common 363127101 3,618,849 476,792 SH DEFINED Dorset 476,792 Gainsco, Inc.................. Common 363127101 207,841 27,383 SH DEFINED Dorset 27,383 Gainsco, Inc.................. Common 363127101 47,121 6,208 SH DEFINED Dorset 6,208 Gentiva Health Services....... Common 37247A102 6,166,391 418,344 SH DEFINED Dorset 418,344 Gentiva Health Services....... Common 37247A102 358,182 24,300 SH DEFINED Dorset 24,300 Gentiva Health Services....... Common 37247A102 79,596 5,400 SH DEFINED Dorset 5,400 Genzyme Corp.................. Common 372917104 8,554,817 120,865 SH DEFINED Dorset 120,865 Genzyme Corp.................. Common 372917104 627,465 8,865 SH OTHER Dorset 8,865 Genzyme Corp.................. Common 372917104 1,495,248 21,125 SH DEFINED Dorset 21,125 Halliburton Co................ Common 406216101 42,541,736 686,600 SH DEFINED Dorset 646,600 Healthcare Acquisition Corp... Common 42224H203 665,720 93,500 SH DEFINED Dorset 93,500 Healthcare Acquisition Corp... Common 42224H203 37,736 5,300 SH DEFINED Dorset 5,300 Healthcare Acquisition Corp... Common 42224H203 8,544 1,200 SH DEFINED Dorset 1,200 Hudson City Bancorp........... Common 443683107 17,853,972 1,473,100 SH DEFINED Dorset 1,473,100 Hudson City Bancorp........... Common 443683107 1,028,988 84,900 SH DEFINED Dorset 84,900 Hudson City Bancorp........... Common 443683107 235,128 19,400 SH DEFINED Dorset 19,400 Indus Int'l................... Common 45578L100 7,810,750 2,487,500 SH DEFINED Dorset 2,487,500 Indus Int'l................... Common 45578L100 446,194 142,100 SH DEFINED Dorset 142,100
Page 8 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- -------------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other -------------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- --------- ------ Indus Int'l..................... Common 45578L100 101,422 32,300 SH DEFINED Dorset 32,300 Information Resources Inc....... Common 45676E107 13,288 41,525 SH DEFINED Dorset 41,525 Information Resources Inc....... Common 45676E107 752 2,350 SH DEFINED Dorset 2,350 Information Resources Inc....... Common 45676E107 160 500 SH DEFINED Dorset 500 InterOil Corp................... Common 460951106 2,248,520 83,900 SH DEFINED Dorset 83,900 InterOil Corp................... Common 460951106 420,760 15,700 SH DEFINED Dorset 15,700 InterOil Corp................... Common 460951106 37,520 1,400 SH DEFINED Dorset 1,400 Interstate Bakeries Corp........ Common 46072H108 2,618,258 351,444 SH DEFINED Dorset 351,444 Interstate Bakeries Corp........ Common 46072H108 149,745 20,100 SH DEFINED Dorset 20,100 Interstate Bakeries Corp........ Common 46072H108 274,987 36,911 SH OTHER Dorset 36,911 Interstate Bakeries Corp........ Common 46072H108 34,270 4,600 SH DEFINED Dorset 4,600 IPIX Corp....................... Common 44982L103 1,135,118 683,806 SH DEFINED Dorset 683,806 IPIX Corp....................... Common 44982L103 71,440 43,036 SH DEFINED Dorset 43,036 IPIX Corp....................... Common 44982L103 16,364 9,858 SH DEFINED Dorset 9,858 Ithaka Acq. Corp................ Common 465707107 1,196,032 233,600 SH DEFINED Dorset 233,600 Ithaka Acq. Corp................ Common 465707107 68,096 13,300 SH DEFINED Dorset 13,300 Ithaka Acq. Corp................ Common 465707107 15,872 3,100 SH DEFINED Dorset 3,100 Jos. A. Bank Clothiers Inc...... Common 480838101 2,077,689 47,862 SH DEFINED Dorset 47,862 Jos. A. Bank Clothiers Inc...... Common 480838101 148,679 3,425 SH DEFINED Dorset 3,425 Jos. A. Bank Clothiers Inc...... Common 480838101 39,069 900 SH DEFINED Dorset 900 KB Home......................... Common 48666K109 29,688,876 408,600 SH DEFINED Dorset 408,600 KB Home......................... Common 48666K109 1,751,106 24,100 SH DEFINED Dorset 24,100 KB Home......................... Common 48666K109 399,630 5,500 SH DEFINED Dorset 5,500 KBL Healthcare Acquisition...... Common 48241R108 1,191,486 227,600 SH DEFINED Dorset 227,600 KBL Healthcare Acquisition...... Common 48241R108 68,055 13,000 SH DEFINED Dorset 13,000 KBL Healthcare Acquisition...... Common 48241R108 314,100 60,000 SH OTHER Dorset 60,000 KBL Healthcare Acquisition...... Common 48241R108 15,181 2,900 SH DEFINED Dorset 2,900 Krispy Kreme Doughnuts @7.5 Exp. 1/06.......................... Common 501014954 482,125 2,755 SH Put DEFINED Dorset 2,755 Krispy Kreme Doughnuts @7.5 Exp. 1/06.......................... Common 501014954 27,825 159 SH Put DEFINED Dorset 159 Krispy Kreme Doughnuts @7.5 Exp. 1/06.......................... Common 501014954 6,300 36 SH Put DEFINED Dorset 36 Lear Corp. @ 25 Exp. 1/08....... Common 521865905 190,000 200 SH OTHER Dorset 200 Lear Corp. @ 35 Exp. 1/07....... Common 521865905 405,570 1,229 SH Call DEFINED Dorset 1,229 Lear Corp. @ 35 Exp. 1/07....... Common 521865905 24,420 74 SH Call DEFINED Dorset 74 Lear Corp. @ 35 Exp. 1/07....... Common 521865905 5,610 17 SH Call DEFINED Dorset 17 Lear Corp. @ 35 Exp. 1/08....... Common 521865905 350,000 625 SH OTHER Dorset 625 Ligand Pharmaceuticals 6% due 11/16/07...................... Bonds 53220KAB4 4,007,936 2,219,000 PRN DEFINED Dorset 2,219,000 Ligand Pharmaceuticals 6% due 11/16/07...................... Bonds 53220KAB4 261,898 145,000 PRN DEFINED Dorset 145,000 Ligand Pharmaceuticals 6% due 11/16/07...................... Bonds 53220KAB4 2,902,000 1,600,000 PRN OTHER Dorset 1,600,000 Ligand Pharmaceuticals 6% due 11/16/07...................... Bonds 53220KAB4 65,023 36,000 PRN DEFINED Dorset 36,000
Page 9 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- ------------------------ Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ------------------------ Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- ------- ------ Ligand Pharmaceuticals Class B.................... Common 53220K207 65,946,675 5,914,500 SH DEFINED Dorset 5,914,500 Ligand Pharmaceuticals Class B.................... Common 53220K207 2,479,760 222,400 SH OTHER Dorset 222,400 Ligand Pharmaceuticals Class B.................... Common 53220K207 4,203,500 377,000 SH DEFINED Dorset 377,000 Ligand Pharmaceuticals Class B.................... Common 53220K207 1,112,770 99,800 SH DEFINED Dorset 99,800 M&T Bank..................... Common 55261F104 14,325,898 131,370 SH DEFINED Dorset 131,370 M&T Bank..................... Common 55261F104 839,685 7,700 SH DEFINED Dorset 7,700 M&T Bank..................... Common 55261F104 196,290 1,800 SH DEFINED Dorset 1,800 Magna Entertainment Corp..... Common 559211107 19,273,002 2,699,300 SH DEFINED Dorset 2,699,300 Magna Entertainment Corp..... Common 559211107 1,107,414 155,100 SH DEFINED Dorset 155,100 Mercator Partners Acquisition Corp....................... Common 587586207 1,879,711 373,700 SH DEFINED Dorset 373,700 Mercator Partners Acquisition Corp....................... Common 587586207 107,642 21,400 SH DEFINED Dorset 21,400 Mercator Partners Acquisition Corp....................... Common 587586207 503,000 100,000 SH OTHER Dorset 100,000 Mercator Partners Acquisition Corp....................... Common 587586207 24,647 4,900 SH DEFINED Dorset 4,900 Mercer Int'l Inc............. Common 588056101 1,602,072 203,826 SH DEFINED Dorset 203,826 Mercer Int'l Inc............. Common 588056101 91,962 11,700 SH DEFINED Dorset 11,700 Mercer Int'l Inc............. Common 588056101 21,222 2,700 SH DEFINED Dorset 2,700 Murphys Oil Corporation...... Common 626717102 34,283,650 635,000 SH DEFINED Dorset 635,000 Nabi......................... Common 629519109 190,294 563,000 SH DEFINED Dorset 563,000 Nabi......................... Common 629519109 3,319,498 982,100 SH DEFINED Dorset 982,100 Nabi......................... Common 629519109 43,264 12,800 SH DEFINED Dorset 12,800 National Oilwell Varco....... Common 637071101 32,886,150 524,500 SH DEFINED Dorset 524,500 NEO Pharm Inc................ Common 640919106 17,625,875 1,633,538 SH DEFINED Dorset 1,633,538 NEO Pharm Inc................ Common 640919106 1,017,497 94,300 SH DEFINED Dorset 94,300 NEO Pharm Inc................ Common 640919106 229,827 21,300 SH DEFINED Dorset 21,300 Neurobiological Technologies Inc........................ Common 64124W106 4,317,172 1,202,555 SH DEFINED Dorset 1,202,555 Neurobiological Technologies Inc........................ Common 64124W106 258,839 72,100 SH DEFINED Dorset 72,100 Neurobiological Technologies Inc........................ Common 64124W106 59,235 16,500 SH DEFINED Dorset 16,500 News Corp.................... Common 65248E104 3,183,085 204,700 SH DEFINED Dorset 204,700 News Corp.................... Common 65248E104 185,045 11,900 SH DEFINED Dorset 11,900 News Corp.................... Common 65248E104 777,500 50,000 SH OTHER Dorset 50,000 News Corp.................... Common 65248E104 41,985 2,700 SH DEFINED Dorset 2,700 Nitromed..................... Common 654798503 372,465 26,700 SH DEFINED Dorset 26,700 Nitromed..................... Common 654798503 23,715 1,700 SH DEFINED Dorset 1,700 Nitromed..................... Common 654798503 5,580 400 SH DEFINED Dorset 400 Northfork Bancorp NY......... Common 659424105 133,629 4,884 SH SOLE 4,884 OCA Incorporated............. Common 67083Q101 11,560 28,900 SH DEFINED Dorset 28,900 OCA Incorporated............. Common 67083Q101 720 1,800 SH DEFINED Dorset 1,800 OCA Incorporated............. Common 67083Q101 120 300 SH DEFINED Dorset 300 Par Pharmaceuticals.......... Common 69888P106 9,363,295 298,765 SH DEFINED Dorset 298,765
Page 10 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- ------------------------ Voting Authority Title of Value Shrs or SH/ Put/ Investment Other ------------------------ Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- ------- ------ Par Pharmaceuticals................ Common 69888P106 532,780 17,000 SH DEFINED Dorset 17,000 Par Pharmaceuticals................ Common 69888P106 122,226 3,900 SH DEFINED Dorset 3,900 Paramount Acquisition Corp......... Common 69917T103 1,614,720 252,300 SH DEFINED Dorset 252,300 Paramount Acquisition Corp......... Common 69917T103 92,160 14,400 SH DEFINED Dorset 14,400 Paramount Acquisition Corp......... Common 69917T103 21,120 3,300 SH DEFINED Dorset 3,300 PCTel Inc.......................... Common 69325Q105 5,394,434 615,803 SH DEFINED Dorset 615,803 PCTel Inc.......................... Common 69325Q105 308,352 35,200 SH DEFINED Dorset 35,200 PCTel Inc.......................... Common 69325Q105 70,080 8,000 SH DEFINED Dorset 8,000 Penwest Pharmaceuticals Co......... Common 709754105 20,177,824 1,033,700 SH DEFINED Dorset 1,033,700 Penwest Pharmaceuticals Co......... Common 709754105 1,147,776 58,800 SH DEFINED Dorset 58,800 Penwest Pharmaceuticals Co......... Common 709754105 261,568 13,400 SH DEFINED Dorset 13,400 Petroleo Brasileiro SA............. Common 71654V408 153,794 2,200 SH SOLE 2,200 Petroleo Brasileiro SA............. Common 71654V408 28,508 400 SH OTHER 400 Petroleo Brasileiro SA............. Common 71654V408 21,815,747 306,100 SH DEFINED Dorset 306,100 Petroleo Brasileiro SA............. Common 71654V408 38,350,387 538,100 SH DEFINED Dorset 538,100 Petroleo Brasileiro SA............. Common 71654V408 285,080 4,000 SH DEFINED Dorset 4,000 Pfizer Inc......................... Common 717081103 44,308 1,900 SH OTHER 1,900 Polymedica Corp.................... Common 731738100 13,190,728 394,106 SH DEFINED Dorset 394,106 Polymedica Corp.................... Common 731738100 753,075 22,500 SH DEFINED Dorset 22,500 Polymedica Corp.................... Common 731738100 170,697 5,100 SH DEFINED Dorset 5,100 Prepaid Legal Services............. Common 740065107 4,795,355 125,500 SH DEFINED Dorset 125,500 Prepaid Legal Services............. Common 740065107 351,532 9,200 SH DEFINED Dorset 9,200 Prepaid Legal Services............. Common 740065107 87,883 2,300 SH DEFINED Dorset 2,300 Presstek........................... Common 741113104 10,848,904 1,200,100 SH DEFINED Dorset 1,200,100 Presstek........................... Common 741113104 621,048 68,700 SH DEFINED Dorset 68,700 Presstek........................... Common 741113104 141,024 15,600 SH DEFINED Dorset 15,600 Private Business Inc............... Common 74267D203 1,587,809 1,345,601 SH DEFINED Dorset 1,345,601 Private Business Inc............... Common 74267D203 20,650 17,500 SH DEFINED Dorset 17,500 Private Business Inc............... Common 74267D203 90,698 76,863 SH DEFINED Dorset 76,863 Pure Cycle Corp.................... Common 746228303 2,140,679 284,400 SH DEFINED Dorset 284,400 Pure Cycle Corp.................... Common 746228303 127,959 17,000 SH DEFINED Dorset 17,000 Pure Cycle Corp.................... Common 746228303 30,108 4,000 SH DEFINED Dorset 4,000 QuadraMed Corp..................... Common 74730W101 5,868,808 4,075,561 SH DEFINED Dorset 4,075,561 QuadraMed Corp..................... Common 74730W101 334,512 232,300 SH DEFINED Dorset 232,300 QuadraMed Corp..................... Common 74730W101 76,046 52,810 SH DEFINED Dorset 52,810 Quilmes Industrial SA Adr.......... Common 748384207 443,560 13,000 SH OTHER Dorset 13,000 Rand Acquisition Corp.............. Common 752182204 4,484,360 631,600 SH DEFINED Dorset 631,600 Rand Acquisition Corp.............. Common 752182204 805,140 113,400 SH DEFINED Dorset 113,400 Rand Acquisition Corp.............. Common 752182204 49,700 7,000 SH DEFINED Dorset 7,000
Page 11 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ---------------- ---------- -------- --------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other --------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- ------- --- ---- ---------- -------- ------- ------ ------ Retail Ventures Inc................ Common 76128Y102 12,408,900 997,500 SH DEFINED Dorset 997,500 Retail Ventures Inc................ Common 76128Y102 722,764 58,100 SH DEFINED Dorset 58,100 Retail Ventures Inc................ Common 76128Y102 161,720 13,000 SH DEFINED Dorset 13,000 Sandhill IT Security Acquisition... Common 799719109 31,500 6,000 SH OTHER Dorset 6,000 Scientific Games Corporation....... Common 80874P109 16,115,742 590,753 SH DEFINED Dorset 590,753 Scientific Games Corporation....... Common 80874P109 922,064 33,800 SH DEFINED Dorset 33,800 Seabright Insurance Holdings....... Common 811656107 11,883,798 714,600 SH DEFINED Dorset 714,600 Seabright Insurance Holdings....... Common 811656107 690,976 41,550 SH DEFINED Dorset 41,550 Seabright Insurance Holdings....... Common 811656107 154,659 9,300 SH DEFINED Dorset 9,300 Sears Holding Corp................. Common 812350106 5,221,956 45,200 SH DEFINED Dorset 45,200 Sears Holding Corp................. Common 812350106 554,544 4,800 SH DEFINED Dorset 4,800 Segue Software Inc................. Common 815807102 2,385,364 379,835 SH DEFINED Dorset 379,835 Segue Software Inc................. Common 815807102 135,648 21,600 SH DEFINED Dorset 21,600 Segue Software Inc................. Common 815807102 30,772 4,900 SH DEFINED Dorset 4,900 Service Acquisition Corp........... Common 817628100 42,126 5,900 SH DEFINED Dorset 5,900 Service Acquisition Corp........... Common 817628100 2,856 400 SH DEFINED Dorset 400 Service Acquisition Corp........... Common 817628100 11,424 1,600 SH OTHER Dorset 1,600 Service Acquisition Corp........... Common 817628100 714 100 SH DEFINED Dorset 100 Service Acquisition Corp. Units.... Common 817628209 4,356,060 551,400 SH DEFINED Dorset 551,400 Service Acquisition Corp. Units.... Common 817628209 248,850 31,500 SH DEFINED Dorset 31,500 Service Acquisition Corp. Units.... Common 817628209 481,110 60,900 SH OTHER Dorset 60,900 Service Acquisition Corp. Units.... Common 817628209 56,880 7,200 SH DEFINED Dorset 7,200 SFBC Int'l Inc..................... Common 784121105 779,687 48,700 SH DEFINED Dorset 48,700 SFBC Int'l Inc..................... Common 784121105 11,207 700 SH OTHER Dorset 700 SFBC Int'l Inc..................... Common 784121105 9,606 600 SH DEFINED Dorset 600 Simpson Manufacturing Co. Inc...... Common 829073105 14,485,475 398,500 SH DEFINED Dorset 398,500 Simpson Manufacturing Co. Inc...... Common 829073105 828,780 22,800 SH DEFINED Dorset 22,800 Simpson Manufacturing Co. Inc...... Common 829073105 185,385 5,700 SH DEFINED Dorset 5,700 Smith Micro Software............... Common 832154108 1,665,787 284,750 SH DEFINED Dorset 284,750 Smith Micro Software............... Common 832154108 121,095 20,700 SH DEFINED Dorset 20,700 Smith Micro Software............... Common 832154108 33,345 5,700 SH DEFINED Dorset 5,700 Spectrum Pharmaceuticals........... Common 84763A108 54,144 12,800 SH DEFINED Dorset 12,800 Spectrum Pharmeceuticals........... Common 84763A108 4,016,385 949,500 SH DEFINED Dorset 949,500 Spectrum Pharmeceuticals........... Common 84763A108 238,149 56,300 SH DEFINED Dorset 56,300 SRS Labs Inc....................... Common 78464M106 1,296,260 197,000 SH DEFINED Dorset 197,000 SRS Labs Inc....................... Common 78464M106 74,354 11,300 SH DEFINED Dorset 11,300 SRS Labs Inc....................... Common 78464M106 17,108 2,600 SH DEFINED Dorset 2,600 Stone Arcade Acq. Corp............. Common 861575108 496,485 93,500 SH DEFINED Dorset 93,500 Stone Arcade Acq. Corp............. Common 861575108 28,143 5,300 SH DEFINED Dorset 5,300
Page 12 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ---------- ------------------ ---------- -------- -------------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other -------------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ---------- --------- --- ---- ---------- -------- --------- --------- ------ Stone Arcade Acq. Corp................ Common 861575108 6,372 1,200 SH DEFINED Dorset 1,200 Sunoco Inc. @ 60 Exp. 2/06................ Common 86764P959 7,500 750 SH Put DEFINED Dorset 750 Talisman Energy Inc... Common 87425E103 67,475,531 1,273,700 SH DEFINED Dorset 1,273,700 Talisman Energy Inc... Common 87425E103 36,500,464 689,000 SH DEFINED Dorset 689,000 Talisman Energy Inc... Common 87425E103 879,402 16,600 SH DEFINED Dorset 16,600 Terra Nova............ Common 88101E102 454,152 89,400 SH DEFINED Dorset 89,400 Terra Nova............ Common 88101E102 25,908 5,100 SH DEFINED Dorset 5,100 Terra Nova............ Common 88101E102 6,096 1,200 SH DEFINED Dorset 1,200 Terra Nova............ Common 88101E102 250,444 49,300 SH OTHER Dorset 49,300 The Stephan Co........ Common 858603103 978,941 286,240 SH DEFINED Dorset 286,240 The Stephan Co........ Common 858603103 55,746 16,300 SH DEFINED Dorset 16,300 The Stephan Co........ Common 858603103 261,835 76,560 SH OTHER Dorset 76,560 The Stephan Co........ Common 858603103 12,654 3,700 SH DEFINED Dorset 3,700 Total SA.............. Common 89151E109 36,656,000 290,000 SH DEFINED Dorset 290,000 Transgenomic Inc...... Common 89365K206 4,398,312 4,149,351 SH DEFINED Dorset 4,149,351 Transgenomic Inc...... Common 89365K206 251,432 237,200 SH DEFINED Dorset 237,200 Transgenomic Inc...... Common 89365K206 57,240 54,000 SH DEFINED Dorset 54,000 Uranium Resources Inc. Class D............. Common 916901309 3,653,892 5,536,200 SH DEFINED Dorset 5,536,200 Uranium Resources Inc. Class D............. Common 916901309 1,122,000 1,700,000 SH DEFINED Dorset 1,700,000 Uranium Resources Inc. Class D............. Common 916901309 47,520 72,000 SH DEFINED Dorset 72,000 USI Holding Corp...... Common 90333H101 7,492,257 544,100 SH DEFINED Dorset 544,100 USI Holding Corp...... Common 90333H101 426,870 31,000 SH DEFINED Dorset 31,000 USI Holding Corp...... Common 90333H101 97,767 7,100 SH DEFINED Dorset 7,100 Vasogen Inc........... Common 92232F103 4,565,762 2,227,201 SH DEFINED Dorset 2,227,201 Vasogen Inc........... Common 92232F103 270,805 132,100 SH DEFINED Dorset 132,100 Vasogen Inc........... Common 92232F103 61,295 29,900 SH DEFINED Dorset 29,900 Viacom Inc. Class A... Common 925524100 1,474,200 45,000 SH OTHER Dorset 45,000 Viacom Inc. Class A... Common 925524100 8,579,844 261,900 SH DEFINED Dorset 261,900 Viacom Inc. Class A... Common 925524100 491,400 15,000 SH DEFINED Dorset 15,000 Viacom Inc. Class A... Common 925524100 111,384 3,400 SH DEFINED Dorset 3,400 Viacom Inc. Class B... Common 925524308 1,304,000 40,000 SH OTHER Dorset 40,000 Viacom Inc. Class B... Common 925524308 20,828,140 638,900 SH DEFINED Dorset 638,900 Viacom Inc. Class B... Common 925524308 1,189,900 36,500 SH DEFINED Dorset 36,500 Viacom Inc. Class B... Common 925524308 270,580 8,300 SH DEFINED Dorset 8,300 Viacom Inc. Class B New................. Common 92553P201 51,026 1,240 SH OTHER Dorset 1,240 Viacom Inc. Class B New................. Common 92553P201 187,644 4,560 SH DEFINED Dorset 4,560 Viacom Inc. Class B New................. Common 92553P201 12,345 300 SH DEFINED Dorset 300 Viacom Inc. Class B New................. Common 92553P201 4,115 100 SH DEFINED Dorset 100 ViroPharma Inc........ Common 928241108 6,443,550 348,300 SH DEFINED Dorset 348,300
Page 13 of 14
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- --------- ------------- -------------------- ---------- -------- -------------------- Voting Authority Title of Value Shrs or SH/ Put/ Investment Other -------------------- Name of Issuer Class CUSIP ($) prn amt PRN Call discretion Managers Sole Shared None - -------------- -------- --------- ------------- ----------- --- ---- ---------- -------- ------- ------ ----- ViroPharma Inc....... Common 928241108 368,150 19,900 SH DEFINED Dorset 19,900 ViroPharma Inc....... Common 928241108 83,250 4,500 SH DEFINED Dorset 4,500 Wachovia Corp........ Common 929903102 94,091 1,780 SH OTHER 1,780 Walmart Stores....... Common 931142103 25,557,480 546,100 SH DEFINED Dorset 546,100 Walmart Stores....... Common 931142103 1,460,160 31,200 SH DEFINED Dorset 31,200 Waste Services Inc... Common 941075103 1,133,865 340,500 SH DEFINED Dorset 340,500 Waste Services Inc... Common 941075103 64,935 19,500 SH DEFINED Dorset 19,500 Waste Services Inc... Common 941075103 14,652 4,400 SH DEFINED Dorset 4,400 Wells Fargo & Co..... Common 949746101 300,826 5,800 SH SOLE 5,800 Wells Fargo & Co..... Common 949746101 26,506,720 421,880 SH DEFINED Dorset 421,880 Wells Fargo & Co..... Common 949746101 188,490 3,000 SH OTHER 3,000 Wells Fargo & Co..... Common 949746101 1,520,486 24,200 SH DEFINED Dorset 24,200 Wells Fargo & Co..... Common 949746101 345,565 5,500 SH DEFINED Dorset 5,500 Western Gas Resources.......... Common 958259103 3,640,057 77,300 SH DEFINED Dorset 77,300 Willis Group Holdings Ltd................ Common G96655108 136,678 3,700 SH SOLE 3,700 Willis Group Holdings Ltd................ Common G96655108 18,425,044 498,783 SH DEFINED Dorset 498,783 Willis Group Holdings Ltd................ Common G96655108 29,552 800 SH OTHER 800 Willis Group Holdings Ltd................ Common G96655108 1,062,025 28,750 SH DEFINED Dorset 28,750 Willis Group Holdings Ltd................ Common G96655108 240,110 6,500 SH DEFINED Dorset 6,500 Zions Bancorp........ Common 989701107 272,016 3,600 SH SOLE 3,600 Zions Bancorp........ Common 989701107 5,756,690 76,187 SH DEFINED Dorset 76,187 Zions Bancorp........ Common 989701107 332,464 4,400 SH DEFINED Dorset 4,400 Zions Bancorp........ Common 989701107 75,560 1,000 SH DEFINED Dorset 1,000 Zions Bancorp........ Common 989701107 90,672 1,200 SH OTHER 1,200 GRAND TOTAL 2,576,464,056 122,414,836
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