13F-HR 1 form13fhr.txt BKF ASSET MANAGEMENT, INC. 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: BKF Asset Management, Inc. -------------------------------------------------- Address: One Rockefeller Plaza -------------------------------------------------- New York, New York 10020 -------------------------------------------------- -------------------------------------------------- Form 13F File Number: 028-01944 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: Norris Nissim ------------------------------------------------------- Title: Senior Vice President and General Counsel ------------------------------------------------------- Phone: (212) 332-8400 ------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Norris Nissim New York, New York 5/15/06 ------------------------ ------------------------------ ------- 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ------------- Form 13F Information Table Entry Total: 307 ------------- Form 13F Information Table Value Total: $4,081,816 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 028-10454 Coast Asset Management, LLC --------- ------------ ----------------------------- FORM 13F INFORMATION TABLE
Voting Authority Value Shares/ Sh/ Put/ Invstmt Other ------------------------ Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None --------------------------- ---------------- --------- -------- ------- --- ---- ------- -------- ------ ------- ------ ABB LTD SPONSORED ADR 000375204 2667 212500 SH Defined 212500 ABBOTT LABS COM 002824100 14 321 SH Sole 321 35687 840291 SH Defined 760771 79520 ABITIBI-CONSOLIDATED INC COM 003924107 84 20200 SH Sole 20200 ACCENTURE LTD BERMUDA CL A G1150G111 8 267 SH Sole 267 49492 1645896 SH Defined 1528686 117210 ACXIOM CORP COM 005125109 23 900 SH Sole 900 1954 75600 SH Defined 75600 AEROPOSTALE COM 007865108 7594 251800 SH Defined 251800 AGILENT TECHNOLOGIES INC COM 00846U101 35 921 SH Sole 921 44042 1172886 SH Defined 1074839 98047 AGRIUM INC COM 008916108 1311 51900 SH Defined 51900 ALCAN INC COM 013716105 220 4800 SH Sole 4800 ALLSTATE CORP COM 020002101 14 268 SH Sole 268 61440 1179042 SH Defined 1088952 90090 21 400 SH Other 400 ALPHA NATURAL RESOURCES INC COM 02076X102 74 3200 SH Sole 3200 4083 176450 SH Defined 176450 ALTRIA GROUP INC COM 02209S103 83 1175 SH Sole 1175 72331 1020758 SH Defined 906378 114380 AMERICAN EXPRESS CO. COM 025816109 23 444 SH Sole 444 67569 1285813 SH Defined 1202783 83030 AMERICAN TOWER CORP CL A 029912201 5937 195803 SH Defined 195803 AMERN EAGLE OUTFITTERS NE COM 02553E106 23 778 SH Sole 778 14255 477400 SH Defined 477400 ANHEUSER BUSCH COS INC COM 035229103 13 304 SH Sole 304 2893 67640 SH Defined 39230 28410 APACHE CORP COM 037411105 2 26 SH Sole 26 47425 723932 SH Defined 623972 99960 APPLIED FILMS CORP COM 038197109 4448 228910 SH Defined 228910 AQUILA INC COM 03840P102 112 28020 SH Sole 28020 16394 4108655 SH Defined 4088745 19910 ARES CAP CORP COM 04010L103 26 1500 SH Sole 1500 2061 119953 SH Defined 119953 AT&T INC COM 00206R102 47 1736 SH Sole 1736 48082 1810875 SH Defined 1646345 164530 BANK OF AMERICA CORP COM 060505104 30 649 SH Sole 649 154162 3385210 SH Defined 3081585 303625 BANK OF NEW YORK INC COM 064057102 2 46 SH Sole 46 56007 1554012 SH Defined 1418792 135220 BEA SYS INC COM 073325102 3 265 SH Sole 265 1650 125700 SH Defined 125700 BED BATH & BEYOND INC COM 075896100 2880 75000 SH Defined 75000 BELDEN CDT INC COM 077454106 2 82 SH Sole 82 25893 950884 SH Defined 950884 BLACK & DECKER CORP COM 091797100 569 6544 SH Sole 6544 3 34 SH Defined 34 BLOCK H & R INC COM 093671105 1 26 SH Sole 26 20062 926652 SH Defined 817082 109570 BP PLC SPONSORED ADR 055622104 3 46 SH Sole 46 54496 790485 SH Defined 750475 40010 BRUKER BIOSCIENCES CP COM 116794108 9971 1846393 SH Defined 1846393 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 3 99 SH Sole 99 4966 185996 SH Defined 185996 CDC CORP SHS A G2022L106 1201 272850 SH Defined 272850 CELANESE CORP DEL COM SER A 150870103 28 1350 SH Sole 1350 3805 181450 SH Defined 181450 CHARLOTTE RUSSE HLDG COM 161048103 7934 370750 SH Defined 370750 CHEVRON CORP NEW COM 166764100 19 333 SH Sole 333 68075 1174317 SH Defined 989446 184871 CINERGY CORP COM 172474108 3 73 SH Sole 73 2647 58291 SH Defined 44091 14200 CISCO SYS INC COM 17275R102 51 2370 SH Sole 2370 40688 1877625 SH Defined 1736865 140760 CITIGROUP INC COM 172967101 28 589 SH Sole 589 131649 2787393 SH Defined 2523513 263880 37 779 SH Other 779 CLIFTON SVGS BANCORP INC COM 18712Q103 214 20000 SH Sole 20000 CLOROX CO DEL COM 189054109 2 30 SH Sole 30 880 14700 SH Defined 14700 CMS ENERGY CORP COM 125896100 298 23030 SH Sole 23030 38992 3010960 SH Defined 2810480 200480 COCA COLA CO COM 191216100 12 289 SH Sole 289 192 4584 SH Defined 364 4220 10 250 SH Other 250 COMCAST CORP NEW CL A SPL 20030N200 1 55 SH Sole 55 30763 1177741 SH Defined 992501 185240 CONVERGYS CORP COM 212485106 11 600 SH Sole 600 4674 256650 SH Defined 256650 COOPER INDS LTD CL A G24182100 5292 60900 SH Defined 60900 CROCS INC COM 227046109 217 8643 SH Defined 8643 CROWN HOLDINGS INC COM 228368106 8100 456620 SH Defined 456620 CSG SYS INTL INC COM 126349109 2963 127450 SH Defined 127450 DANAHER CORP DEL COM 235851102 210 3300 SH Sole 3300 DATATRAK INTL INC COM 238134100 440 60000 SH Defined 60000 DEL MONTE FOODS CO COM 24522P103 508 42838 SH Sole 42838 13034 1098960 SH Defined 1098960 DELL INC COM 24702R101 12 403 SH Sole 403 2 81 SH Defined 81 343 11520 SH Other 11520 DIAGEO PLC SPON ADR NEW 25243Q205 43 676 SH Sole 676 83679 1319233 SH Defined 1280463 38770 DIGITAS INC COM 25388K104 5821 404250 SH Defined 404250 DISCOVERY HOLDING CO CL A COM 25468Y107 4 293 SH Sole 293 156 10400 SH Defined 10400 DONNELLEY R R & SONS CO COM 257867101 5 138 SH Sole 138 368 11260 SH Defined 760 10500 DOW CHEMICAL CO COM 260543103 129 3172 SH Sole 3172 74219 1828063 SH Defined 1661193 166870 DPL INC COM 233293109 117 4337 SH Sole 4337 3602 133409 SH Defined 100909 32500 DRS TECHNOLOGIES INC COM 23330X100 6088 110950 SH Defined 110950 E M C CORP MASS COM 268648102 21 1511 SH Sole 1511 47573 3490307 SH Defined 3211257 279050 EATON CORP COM 278058102 20191 276700 SH Defined 276700 EMERSON ELEC CO COM 291011104 1 8 SH Sole 8 1773 21204 SH Defined 14294 6910 ENDWAVE CORP COM NEW 29264A206 1783 121400 SH Defined 121400 ENTERGY CORP NEW COM 29364G103 291 4221 SH Sole 4221 80092 1161768 SH Defined 1059118 102650 EXELON CORP COM 30161N101 241 4565 SH Sole 4565 23962 452965 SH Defined 365500 87465 EXXON MOBIL CORP COM 30231G102 24 389 SH Sole 389 124176 2040353 SH Defined 1797468 242885 FEDERATED DEPT STORES INC DE COM 31410H101 8 103 SH Sole 103 11618 159148 SH Defined 147928 11220 FEDERAL HOME LN MTG CORP COM 313400301 2 26 SH Sole 26 31827 521750 SH Defined 444320 77430 GENERAL COMMUNICATION INC CL A 369385109 2176 180000 SH Defined 180000 GENERAL ELECTRIC CO COM 369604103 446 12837 SH Sole 12837 118764 3414707 SH Defined 3124752 289955 GLOBAL POWER EQUIPMENT INC COM 37941P108 28 7300 SH Sole 7300 859 223200 SH Defined 223200 GUITAR CTR MGMT INC COM 402040109 17344 363614 SH Defined 363614 H & E EQUIP SVCS INC COM 404030108 546 18750 SH Defined 18750 HEALTHSPRING INC COM 42224N101 1876 100821 SH Defined 100821 HEWLETT PACKARD CO COM 428236103 93 2828 SH Sole 2828 18814 571849 SH Defined 518889 52960 HOME DEPOT INC COM 437076102 886 20945 SH Sole 20945 93174 2202695 SH Defined 2038510 164185 HOME FEDERAL BANCORP INC COM 43709A101 211 15449 SH Sole 15449 HONEYWELL INTL INC COM 438516106 13 306 SH Sole 306 31523 737027 SH Defined 707737 29290 HUBBELL INC CL B 443510201 1 17 SH Sole 17 4308 84049 SH Defined 70449 13600 HUDSON CITY BANCORP COM 443683107 825 62111 SH Defined 62111 I D SYSTEMS INC COM 449489103 3582 143300 SH Defined 143300 ICONIX BRAND GROUP INC COM 451055107 6494 446330 SH Defined 446330 ILLINOIS TOOL WKS INC COM 452308109 10763 111750 SH Defined 111750 INTERNATIONAL PAPER CO COM 460146103 41 1187 SH Sole 1187 14944 432292 SH Defined 359892 72400 INTL BUS MACHINES COM 459200101 29 357 SH Sole 357 27422 332508 SH Defined 275723 56785 JARDEN CORP COM 471109108 9 265 SH Sole 265 7953 242100 SH Defined 242100 NUVEEN INVTS INC CL A 67090F106 1 28 SH Sole 28 48431 1005826 SH Defined 914706 91120 JOHNSON & JOHNSON COM 478160104 15 249 SH Sole 249 86038 1452848 SH Defined 1311408 141440 JP MORGAN CHASE & CO COM 46625H100 15 358 SH Sole 358 47227 1134175 SH Defined 1003441 130734 KERR MCGEE CORP COM 492386107 1 9 SH Sole 9 34218 358383 SH Defined 304353 54030 3 33 SH Other 33 KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 8 227 SH Sole 227 71814 2134143 SH Defined 2070783 63360 LAIDLAW INTL INC COM 50730R102 1465 53850 SH Defined 53850 LEAR CORP COM 521865105 207 11700 SH Sole 11700 LIMITED BRANDS INC COM 532716107 18 751 SH Sole 751 14990 612828 SH Defined 543821 69007 LIVE NATION INC COM 538034109 5 233 SH Sole 233 2222 112010 SH Defined 112010 LOCKHEED MARTIN CORP COM 539830109 10 133 SH Sole 133 64947 864467 SH Defined 795167 69300 LOEWS CORP COM 540424108 16718 165200 SH Defined 165200 LONE STAR STEAKHOUSE SALOON COM 542307103 31 1100 SH Sole 1100 3020 106267 SH Defined 106267 MATTEL INC COM 577081102 2606 143750 SH Defined 143750 MERRILL LYNCH & CO INC COM 590188108 44 556 SH Sole 556 46498 590370 SH Defined 500880 89490 MICRONETICS INC DEL COM 595125105 1561 70570 SH Defined 70570 MICROSOFT CORP COM 594918104 95 3497 SH Sole 3497 86655 3184670 SH Defined 2939220 245450 8 300 SH Other 300 MORGAN STANLEY COM NEW 617446448 51 804 SH Sole 804 33528 533712 SH Defined 492947 40765 NALCO HOLDING COMPANY COM 62985Q101 1354 76500 SH Defined 76500 NAPCO SEC SYS INC COM 630402105 3062 184572 SH Defined 184572 NCI BUILDING SYSTEMS INC COM 628852105 5092 85200 SH Defined 85200 NEW FRONTIER MEDIA INC COM 644398109 634 83500 SH Defined 83500 NEWFIELD EXPL CO COM 651290108 5 118 SH Sole 118 28641 683554 SH Defined 683554 NEWS CORP CL A 65248E104 15 924 SH Sole 924 77777 4682518 SH Defined 4313601 368917 NIKE INC CL B 654106103 8 90 SH Sole 90 28785 338247 SH Defined 311997 26250 NORTHERN TRUST CORP COM 665859104 214 4080 SH Defined 590 3490 NORTHROP GRUMMAN CORP COM 666807102 2 36 SH Sole 36 83050 1216138 SH Defined 1098028 118110 NOVA CHEMICALS CORP COM 66977W109 125 4400 SH Sole 4400 4220 148061 SH Defined 148061 NRG ENERGY INC COM NEW 629377508 139 3082 SH Sole 3082 17726 391993 SH Defined 391993 OCEAN SHORE HLDG CO COM 67501P107 329 26831 SH Sole 26831 OFFICEMAX INC DEL COM 67622P101 311 10300 SH Sole 10300 6616 219300 SH Defined 219300 OLIN CORP COM PAR $1 680665205 149 6953 SH Sole 6953 18437 858721 SH Defined 817821 40900 OUTBACK STEAKHOUSE INC COM 689899102 8114 184400 SH Defined 184400 PALL CORP COM 696429307 2197 70430 SH Defined 70430 PANAMSAT HLDG CORP COM 69831Y105 0 17 SH Sole 17 2168 87358 SH Defined 73758 13600 PEPSICO INC COM 713448108 35 607 SH Sole 607 38188 660801 SH Defined 591731 69070 PERKINELMER INC COM 714046109 16638 708908 SH Defined 708908 PFIZER INC COM 717081103 20 806 SH Sole 806 67249 2698576 SH Defined 2413516 285060 PG&E CORP COM 69331C108 127 3273 SH Sole 3273 17218 442613 SH Defined 378913 63700 PHARMACEUTICAL HLDRS TR DEPOSITORY RCPT 71712A206 4487 62850 SH Defined 62850 PHOTRONICS INC COM 719405102 32 1700 SH Sole 1700 176 9400 SH Defined 9400 PITNEY BOWES INC COM 724479100 2 45 SH Sole 45 41478 966181 SH Defined 872011 94170 PPL CORP COM 69351T106 194 6613 SH Sole 6613 3904 132801 SH Defined 99101 33700 PRECISION CASTPARTS CORP COM 740189105 3 53 SH Sole 53 1486 25022 SH Defined 25022 PREMIERE GLOBAL SVCS INC COM 740585104 37 4600 SH Sole 4600 1208 150100 SH Defined 150100 PROCTER & GAMBLE CO COM 742718109 112 1949 SH Sole 1949 32169 558200 SH Defined 477010 81190 PUBLIC SVC ENTERPRISE GROUP COM 744573106 9 135 SH Sole 135 1367 21352 SH Defined 21352 RADIO ONE INC CL D NON VTG 75040P405 11 1502 SH Sole 1502 15010 2012080 SH Defined 2012080 REGAL ENTMT GROUP CL A 758766109 0 13 SH Sole 13 797 42357 SH Defined 31832 10525 REGIONS FINANCIAL CORP NEW COM 7591EP100 1 29 SH Sole 29 2431 69115 SH Defined 46756 22359 RYANS RESTAURANT GROUP INC COM 783520109 33 2300 SH Sole 2300 1087 75000 SH Defined 75000 SAKS INC COM 79377W108 4406 228300 SH Defined 228300 SCIENTIFIC GAMES CORP CL A 80874P109 6 160 SH Sole 160 3014 85800 SH Defined 85800 SERVICES ACQUISITION CORP IN COM 817628100 1737 169950 SH Defined 169950 SFBC INTL INC COM 784121105 7966 326729 SH Defined 326729 SHIP FINANCE INTL LTD SHS G81075106 1 53 SH Sole 53 13944 812602 SH Defined 771302 41300 SILGAN HOLDINGS INC COM 827048109 4330 107800 SH Defined 107800 SMITH MICRO SOFTWARE INC COM 832154108 2213 180050 SH Defined 180050 SMURFIT-STONE CONTAINER CORP COM 832727101 54 4000 SH Sole 4000 5190 382450 SH Defined 382450 SOLECTRON CORP COM 834182107 6597 1649140 SH Defined 1649140 SRA INTL INC CL A 78464R105 3911 103650 SH Defined 103650 SUNTERRA CORP COM NEW 86787D208 726 50850 SH Defined 50850 SUPERVALU INC COM 868536103 7 215 SH Sole 215 25256 819482 SH Defined 775692 43790 SYMANTEC CORP COM 871503108 2 125 SH Sole 125 7374 438130 SH Defined 438130 TECUMSEH PRODS CO CL A 878895200 37 1500 SH Sole 1500 11684 476305 SH Defined 476305 TECUMSEH PRODS CO CL B 878895101 2346 109560 SH Defined 109560 TEXTRON INC COM 883203101 684 7319 SH Sole 7319 79693 853337 SH Defined 798037 55300 TIMKEN CO COM 887389104 2096 64950 SH Defined 64950 TORO CO COM 891092108 511 10700 SH Sole 10700 2084 43650 SH Defined 43650 TRIARC CO. CL A 895927101 37 2050 SH Sole 2050 4429 242925 SH Defined 242925 TUPPERWARE BRANDS CORP COM 899896104 373 18100 SH Sole 18100 TXU CORP COM 873168108 246 5487 SH Sole 5487 2 47 SH Defined 47 TYCO INTL LTD NEW COM 902124106 19 702 SH Sole 702 65748 2445968 SH Defined 2236328 209640 ULTRA PETROLEUM CORP COM 903914109 1193 19150 SH Defined 19150 UNILEVER NV NY SHS NEW 904784709 2 28 SH Sole 28 64539 932382 SH Defined 907682 24700 UNITED RENTALS INC COM 911363109 4140 120010 SH Defined 120010 UNITED TECHNOLOGIES CORP COM 913017109 18 315 SH Sole 315 69513 1199120 SH Defined 1087930 111190 UNIVERSAL HEALTH SVCS INC CL B 913903100 5 89 SH Sole 89 57857 1139136 SH Defined 1061956 77180 US BANCORP DEL COM NEW 902973304 15 484 SH Sole 484 46952 1539415 SH Defined 1310195 229220 VERIZON COMMUNICATIONS COM 92343V104 14 406 SH Sole 406 24829 728987 SH Defined 614551 114436 VIACOM INC NEW CL B 92553P201 9 233 SH Sole 233 10688 275452 SH Defined 228402 47050 WACHOVIA CORP 2ND NEW COM 929903102 12 212 SH Sole 212 38947 694856 SH Defined 608036 86820 WAL MART STORES INC COM 931142103 19 411 SH Sole 411 69302 1467011 SH Defined 1360331 106680 WARNACO GROUP INC COM NEW 934390402 36 1480 SH Sole 1480 11442 476750 SH Defined 476750 WELLS FARGO & CO NEW COM 949746101 14 223 SH Sole 223 55440 868014 SH Defined 787454 80560 WEST MARINE INC COM 954235107 1677 111750 SH Defined 111750 WEYERHAEUSER CO COM 962166104 13 177 SH Sole 177 4041 55791 SH Defined 55791 WHIRLPOOL CORP COM 963320106 773 8447 SH Sole 8447 1 13 SH Defined 13 WHOLE FOODS MKT INC COM 966837106 319 4800 SH Sole 4800 WILLIAMS COS INC DEL COM 969457100 94 4414 SH Sole 4414 75556 3532305 SH Defined 3227925 304380 WYETH COM 983024100 83 1706 SH Sole 1706 95379 1965765 SH Defined 1803035 162730 XERIUM TECHNOLOGIES INC COM 98416J100 135 14400 SH Sole 14400 XEROX CORP COM 984121103 12 814 SH Sole 814 5586 367504 SH Defined 367504 XL CAP LTD CL A G98255105 1 12 SH Sole 12 14302 223079 SH Defined 191659 31420 YRC WORLDWIDE INC COM 984249102 304 8000 SH Sole 8000 ZIONS BANCORPORATION COM 989701107 6928 83740 SH Defined 83740 CITADEL BROADCASTING CORP NOTE 1.875% 2/1 17285TAB2 81 100000 PRN Defined 100000 GLOBESPAN INC NOTE 5.250% 5/1 379571AB8 1997 2000000 PRN Defined 2000000 INCO LTD DBCV 1.000% 3/1 453258AT2 234 147000 PRN Defined 147000 REPORT SUMMARY 307 DATA RECORDS 4081816 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED