13F-HR 1 d643393_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F 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 holding entries. Institutional Manager Filing this Report: Name: Tocqueville Asset Management L.P. Address: 40 West 57th Street New York, New York 10019 13F File Number: 28-3063 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: Elizabeth F. Bosco Title: Compliance Officer Phone: (212) 698-0845 Signature, Place and Date of Signing: /s/ Elizabeth F. Bosco New York, New York February 14, 2006 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [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 managers(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).) List of Other Managers Reporting for this Manager: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 353 Form 13F Information Table Value Total: $1,634,070 (thousands) List of Other Included Managers: None Tocqueville Asset Management L.P. Form 13F Information Table December 31, 2005
Title of Value Shares/ Sh/ Put/ Invtm Othr Voting Authority Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscrt Mgrs Sole Shared None ------------------------------ ----------- --------- -------- ------- --- ---- ----- ---- ---- ------ ---- 3Com Corp COM 885535104 1,672 464,500 SH Sole 464,500 3M Co COM 88579Y101 6,734 86,888 SH Sole 83,238 3650 Abbott LABS COM 002824100 1,264 32,061 SH Sole 27,800 4261 ABM INDS Inc COM 000957100 9,794 500,975 SH Sole 485,055 15920 Adobe Sys Inc COM 00724F101 237 6,400 SH Sole 6,400 AFLAC Inc COM 001055102 2,582 55,625 SH Sole 55,625 Agile Software Corp Del COM 00846x105 9,562 1,598,927 SH Sole 1,546,127 52800 Agilent Technologies Inc COM 00846U101 491 14,757 SH Sole 5,990 8767 Air Prods & Chems Inc COM 009158106 722 12,200 SH Sole 12,200 Alaska Communications Sys Cr COM 01167P101 8,065 793,800 SH Sole 793,800 Alberto Culver Co COM 013068101 2,064 45,105 SH Sole 45,105 Alcoa Inc COM 013817101 20,939 708,105 SH Sole 707,049 1056 Alexander & Baldwin Inc COM 014482103 3,254 60,000 SH Sole 60,000 Alkermes Inc COM 01642T108 1,476 77,200 SH Sole 77,200 Allstate Corp COM 020002101 18,654 345,000 SH Sole 345,000 Altria Group Inc COM 02209s103 1,116 14,933 SH Sole 14,933 American Express Co COM 025816109 1,569 30,499 SH Sole 28,054 2445 American Int'l Group Inc COM 026874107 20,332 297,996 SH Sole 297,246 750 Amgen Inc COM 031162100 5,628 71,370 SH Sole 70,470 900 Amylin Pharmaceuticals Inc COM 032346108 1,010 25,300 SH Sole 25,300 Andrew Corp COM 034425108 934 87,000 SH Sole 87,000 Apache Corp COM 037411105 767 11,194 SH Sole 10,384 810 Apex Silver Mines Ltd ORD G04074103 6,664 419,100 SH Sole 419,100 Applera Corp COM APBIOGRP 038020103 215 8,100 SH Sole 8100 Applied Matls Inc COM 038222105 3,432 191,320 SH Sole 180,650 10670 Arch Chemicals Inc COM 03937R102 1,794 60,000 SH Sole 60,000 Archer Daniels Midland Co COM 039483102 469 19,000 SH Sole 19,000 Aspen Technology Inc COM 045327103 14,694 1,871,890 SH Sole 1,793,965 77925 AT & T Inc COM 00206R102 902 36,817 SH Sole 36,817 Autodesk Inc COM 052769106 421 9,800 SH Sole 9,800 Automatic Data Processing In COM 053015103 3,933 85,697 SH Sole 78,900 6797 Avery Dennison Corp COM 053611109 3,255 58,900 SH Sole 58,900 Avnet Inc COM 053807103 1,992 83,200 SH Sole 74,000 4700 Baldor Elec Co COM 057741100 14,675 572,143 SH Sole 552,803 19340 Bank OF America Corporation COM 060505104 2,753 59,648 SH Sole 59,648 Bank of New York Inc COM 064057102 20,969 658,380 SH Sole 658,380 Bard C R Inc COM 067383109 3,182 48,275 SH Sole 48,275 Barnes & Noble Inc COM 067774109 1,417 33,200 SH Sole 33,200 Baxter Intl Inc COM 071813109 1,976 52,490 SH Sole 52,490 Bed Bath & Beyond Inc COM 075896100 2,310 63,900 SH Sole 56,150 7750 BellSouth Corp COM 079860102 676 24,959 SH Sole 19,564 5395 Benchmark Electrs Inc COM 08160H101 4,205 125,050 SH Sole 125,050 Berkshire Hathaway Inc CLB 084670207 702 239 SH Sole 239 BioScrip Inc COM 09069N108 377 50,000 SH Sole 50,000 Bob Evans Farms Inc COM 096761101 1,153 50,000 SH Sole 50,000 Boeing Co COM 097023105 27,341 389,250 SH Sole 389,250 Borders Group Inc COM 099709107 1,727 79,700 SH Sole 79,700 Bowne & CO Inc COM 103043105 10,403 701,030 SH Sole 672,570 28460 Bristol Myers Squibb Co COM 110122108 3,075 133,833 SH Sole 131,333 2500 Brooks Automation Inc. COM 114340102 9,308 742,860 SH Sole 713,850 29010 Bunge Limited COM G16962105 464 8,200 SH Sole 8,200 CIGNA Corp COM 125509109 3,507 31,400 SH Sole 31,400 Cambrex Corp COM 132011107 751 40,000 SH Sole 40,000 Captaris Inc COM 14071N104 37 10,000 SH Sole 10,000 Caterpillar Inc Del COM 149123101 1,611 27,880 SH Sole 27,880 Centene Corp Del COM 15135B101 1,157 44,005 SH Sole 44,005 Ceridian Corp New COM 156779100 2,507 100,879 SH Sole 100,879 Cerner Corp COM 156782104 636 7,000 SH Sole 7,000 Charles River Labs Intl Inc COM 159864107 3,187 75,210 SH Sole 75,210 Chevron Corp COM 166764100 10,445 183,984 SH Sole 174,550 8342 Chicago Bridge and Iron Co NV NYREGISTRY SH 167250109 298 11,805 SH Sole 11,805 Cholestech Corp COM 170393102 6,504 655,630 SH Sole 631,880 23750 Chordiant Software Inc COM 170404107 131 50,000 SH Sole 50,000 Church & Dwight Co COM 171340102 585 17,700 SH Sole 17,700 Ciber Inc COM 17163B102 118 17,925 SH Sole 17,925 Cimarex Energy Co COM 171798101 3,914 91,000 SH Sole 91,000 Cincinnati Bell Inc New COM 171871106 178 50,800 SH Sole 50,800 Cisco Sys Inc COM 17275R102 24,963 1,458,093 SH Sole 1,455,493 2600 CIT Group Inc COM 125581108 2,806 54,200 SH Sole 54,200 CitiGroup Inc COM 172967101 5,570 114,768 SH Sole 112,851 1917 Clear Channel Communications COM 184502102 10,485 333,400 SH Sole 333,400 Coach Inc COM 189754104 203 6,100 SH Sole 3,700 2400 Coca Cola Co COM 191216100 1,573 39,018 SH Sole 38,350 668 Colgate Palmolive Co COM 194162103 3,324 60,600 SH Sole 60,400 200 Comcast Corp New CLA 20030N101 547 21,094 SH Sole 5,994 15100 Commerce Bancorp Inc NJ COM 200519106 1,275 37,050 SH Sole 37,050 Compania de Minas Buenaventu SPONSORED ADR 204448104 4,627 163,500 SH Sole 163,500 Computer Horizons Corp COM 205908106 826 190,000 SH Sole 190,000 Conmed Corp COM 207410101 237 10,000 SH Sole 10,000 Connetics Corp COM 208192104 5,214 360,800 SH Sole 347,765 13035 ConocoPhillips COM 20825C104 1,190 20,450 SH Sole 2,400 16050 Conseco Inc COM NEW 208464883 19,104 824,500 SH Sole 824,500 Convergys Corp COM 212485106 1,658 104,600 SH Sole 104,600 Cooper Cameron Corp COM 216640102 224 5,400 SH Sole 5,400 Cooper Tire & Rubr Co COM 216831107 460 30,000 SH Sole 30,000 Corillian Corp COM 218725109 2,132 783,860 SH Sole 752,990 30870 Corn Products Intl Inc COM 219023108 836 35,000 SH Sole 35,000 Covance Inc COM 222816100 838 17,265 SH Sole 17,265 Cross Timbers Rty Tr TRUNIT 22757R109 10,474 214,190 SH Sole 214,190 Cubic Corp COM 229669106 822 41,200 SH Sole 41,200 CV Therapeutics Inc COM 126667104 1,009 40,790 SH Sole 40,790 Cymer Inc COM 232572107 11,706 329,645 SH Sole 316,690 12955 Cytyc Corp COM 232946103 600 21,270 SH Sole 21,270 Danaher Corp Del COM 235851102 1,934 34,675 SH Sole 34,675 Datascope Corp COM 238113104 330 10,000 SH Sole 10,000 Deere & Co COM 244199105 1,280 18,800 SH Sole 18,800 Del Monte Foods Co COM 24522P103 3,671 352,000 SH Sole 352,000 Dell Inc COM 24702R101 2,199 73,425 SH Sole 70,125 3300 Delta & Pine Ld CO COM 247357106 711 30,900 SH Sole 30,900 Dendrite Intl Inc COM 248239105 4,108 285,085 SH Sole 273,460 11625 Dentsply Intl Inc New COM 249030107 1,967 36,635 SH Sole 36,635 Devon Energy Corp New COM 25179M103 16,713 267,244 SH Sole 267,244 DeVry Inc Del COM 251893103 9,163 458,170 SH Sole 440,275 17895 Diamond Offshore Drill Inc IN COM 25271C102 299 4,300 SH Sole 3,000 1300 DiamondRock Hospitality Co COM 252784301 179 15,000 SH Sole 15,000 Diamonds Tr UNIT SER 1 252787106 670 6,260 SH Sole 1,000 5260 Diebold Inc COM 253651103 380 10,000 SH Sole 10,000 Disney Walt Co COM DISNEY 254687106 206 8,600 SH Sole 5,000 3600 Dominion Res Inc/VA New COM 25746U109 3,439 44,550 SH Sole 44,550 Dover Corp COM 260003108 1,883 46,500 SH Sole 38,100 8400 Dow Jones & Co Inc COM 260561105 16,478 464,300 SH Sole 460,100 3200 Du Pont EI De Nemours & Co COM 263534109 28,935 680,826 SH Sole 677,526 3300 Duke Realty Corp COM NEW 264411505 204 6,100 SH Sole 4,300 1800 Duratek Inc COM 26658q102 5,699 381,740 SH Sole 376,310 5430 eBay Inc COM 278642103 879 20,335 SH Sole 20,335 EMC Corp MASS COM 268648102 5,061 371,572 SH Sole 371,572 Emerson Elec Co COM 291011104 1,090 14,594 SH Sole 13,623 971 Endo Pharmaceuticals Hldgs I COM 29264F205 1,404 46,400 SH Sole 46,400 Energy Transfer Prtnrs Lp UNIT LTD PARTN 29273R109 205 6,000 SH Sole 6,000 Expeditors Intl of Wash Inc COM 302130109 425 6,300 SH Sole 6,100 200 Exxon Mobil Corp COM 30231G102 5,662 100,809 SH Sole 94,625 6184 Federal Natl Mtg Assn COM 313586109 493 10,100 SH Sole 10,100 Federal Signal Corp COM 313855108 1,501 100,000 SH Sole 100,000 First Data Corp COM 319963104 766 17,809 SH Sole 17,700 109 First Midwest Bancorp Del COM 320867104 1,912 54,533 SH Sole 54,533 Foot Locker Inc COM 344849104 2,334 98,950 SH Sole 98,950 Forest Laboratories Inc COM 345838106 319 7,850 SH Sole 7,850 FPL Group Inc COM 302571104 14,563 350,400 SH Sole 340,800 9600 Freeport McMoRan Copper & Gold COM 35671D857 4,083 75,900 SH Sole 75,900 Furniture Brand Intl Inc COM 360921100 603 27,000 SH Sole 27,000 Genentech Inc COM NEW 368710406 795 8,600 SH Sole 8,200 400 General Dynamics Corp COM 369550108 374 3,276 SH Sole 1,000 2276 General Electric Co COM 369604103 22,193 633,177 SH Sole 615,784 13793 General Growth Pptys Inc COM 370021107 16,796 357,439 SH Sole 357,439 Genuine Parts Co COM 372460105 1,347 30,660 SH Sole 16,060 14600 Getty Images Inc COM 374276103 2,500 28,000 SH Sole 28,000 Glamis Gold Ltd COM 376775102 2,982 108,500 SH Sole 108,500 Global Indus Ltd COM 379336100 14,473 1,275,195 SH Sole 1,237,820 37375 Global Power Equipment Inc COM 37941P108 6,725 1,487,875 SH Sole 1,429,210 58665 GlobalSantaFe Corp SHS G3930E101 13,747 285,507 SH Sole 285,175 332 Goldman Sachs Group Inc COM 38141G104 721 5,644 SH Sole 5,644 Grace W R & Co Del New COM 38388F108 2,510 267,000 SH Sole 267,000 Graco Inc COM 384109104 770 21,102 SH Sole 21102 Graftech Intl Ltd COM 384313102 4,305 692,195 SH Sole 664,925 27270 Granite Constr Inc COM 387328107 593 16,525 SH Sole 900 15625 Grevity HR Inc COM 374393106 13,568 527,525 SH Sole 506,715 20810 Hain Celestial Group Inc COM 405217100 8,727 412,440 SH Sole 396,030 16410 Haverty Furniture Inc COM 419596101 183 14,200 SH Sole 14200 Hawaiian Elec Industries COM 419870100 3,481 134,400 SH Sole 134,400 Hercules Inc COM 427056106 2,802 248,000 SH Sole 248,000 Hewlett Packard Co COM 428236103 3,519 122,916 SH Sole 118,066 4850 Home Depot Inc COM 437076102 3,755 92,765 SH Sole 79,350 11915 Honeywell Intl Inc COM 438516106 513 13,760 SH Sole 13,760 Horizon Lines Inc COM ADDED 44044k101 146 12,000 SH Sole 6,000 6000 Human Genome Sciences Inc COM 444903108 1,073 125,400 SH Sole 125,400 Illinois Tool Wks Inc COM 452308109 2,763 31,401 SH Sole 31,401 Illumina Inc COM 452327109 1,854 131,500 SH Sole 131,500 Immunicon Corp Del COM 45260A107 799 232,800 SH Sole 232,800 Independent Bank Corp Mich COM 453838104 317 11,637 SH Sole 11637 Indus Intl Inc COM 45578L100 10,356 3,298,165 SH Sole 3,201,540 96625 Informatica Corp COM 45666Q102 23,991 1,999,235 SH Sole 1,937,900 61335 Infrasource Svcs Inc COM 45684P102 3,445 263,385 SH Sole 253,230 10155 Input/Output Inc COM 457652105 2,306 328,000 SH Sole 328,000 Intel Corp COM 458140100 23,446 939,346 SH Sole 920,446 18900 International Business Machs COM 459200101 20,764 252,602 SH Sole 243,827 8775 International Flavors&Fragr COM 459506101 559 16,700 SH Sole 2,000 14700 Internet Sec Sys Inc COM 46060X107 7,230 345,095 SH Sole 331,545 13550 InterVoice Inc New COM 461142101 876 110,000 SH Sole 110,000 Interwoven Inc COM NEW 46114T508 3,736 441,130 SH Sole 423,565 17565 Intl Paper Co COM 460146103 17,852 531,150 SH Sole 524,850 6300 Intuitive Surgical Inc COM NEW 46120E602 392 3,340 SH Sole 3,340 Iowa Telecomm Services Co COM 462594201 763 49,250 SH Sole 49,250 IPC Hldgs Ltd ORD G4933P101 1,574 57,500 SH Sole 57,500 ishares Tr DJ U S TELE COMM 464287713 484 21,153 SH Sole 21,153 iShares Tr GLDM SCHSNETW 464287531 480 15,490 SH Sole 15,490 iShares Tr GLDMSAC- HSTEC 464287549 763 16,110 SH Sole 16,110 iShares Tr GLDMSCHS- SOFT 464287515 471 11,705 SH Sole 11,705 ISharesTr NASDQ BIO INDX 464287556 503 6,515 SH Sole 6,515 Isis Pharmaceuticals Inc COM 464330109 940 179,300 SH Sole 179,300 Ivax Corp COM 465823102 2,398 76,547 SH Sole 76,546 0.95 Johnson & Johnson COM 478160104 15,849 263,716 SH Sole 249,338 11578 JP Morgan Chase & Co COM 46625H100 515 12,978 SH Sole 12,978 Keane Inc COM 486665102 9,617 873,515 SH Sole 846,100 27415 Kendle INTERNATIONAL Inc COM 48880L107 492 19,100 SH Sole 19,100 Kennametal Inc COM 489170100 311 6,100 SH Sole 6,100 Kerr McGee Corp COM 492386107 582 6,400 SH Sole 6,400 Keyspan Corp COM 49337W100 4,009 112,324 SH Sole 112,324 Kinder Morgan Energy PARTNER UT LTD 494550106 2,783 58,200 SH Sole 57,900 300 Kinder Morgan Inc KANS COM 49455p101 3,878 42,170 SH Sole 42,170 Kinder Morgan Management LLC SHS 49455U100 1,350 29,700 SH Sole 29,700 Kohls Corp COM 500255104 1,867 38,425 SH Sole 38,425 Kopin Corp COM 500600101 3,124 583,875 SH Sole 561,475 22400 Kraft Foods Inc CLA 50075N104 225 8,000 SH Sole 6500 L-3 Communications Hldgs In COM 502424104 721 9,700 SH Sole 9,700 Landrys Restaurants Inc COM 51508L103 2,676 100,200 SH Sole 100,200 Leapfrog Enterprises CLA 52186N106 1,887 162,000 SH Sole 162,000 Leggett & Platt Inc COM 524660107 1,316 57,300 SH Sole 57,300 Lexington Corp Pptys Trus COM 529043101 996 46,784 SH Sole 46,784 Lilly Eli & Co COM 532457108 5,338 94,325 SH Sole 93,325 1000 Lincoln Natl Corp IND COM 534187109 212 4,000 SH Sole 4000 LionBridge Technologies Inc COM 536252109 12,463 1,775,360 SH Sole 1,702,910 72450 Lowes Cos Inc COM 548661107 9,118 136,790 SH Sole 136,790 M & T Bk Corp COM 55261F104 4,100 37,600 SH Sole 37,500 100 Manitowoc Inc COM 563571108 12,345 245,825 SH Sole 245,825 Mantech Intl Corp CLA 564563104 12,484 448,080 SH Sole 430,175 17905 Marshall & ILSLEY Corp COM 571834100 3,101 72,044 SH Sole 68,100 3944 Masco Corp COM 574599106 1,833 60,700 SH Sole 60,700 Mattel Inc COM 577081102 7,363 465,400 SH Sole 465,400 McDonalds Corp COM 580135101 876 25,968 SH Sole 22,868 3100 McGraw Hill Cos Inc COM 580645109 1,657 32,100 SH Sole 32,100 MeadWestVaco Corp COM 583334107 345 12,324 SH Sole 9,324 3000 Medarex Inc COM 583916101 1,614 116,500 SH Sole 116,500 Medco Health Solutions Inc COM 58405U102 2,665 47,756 SH Sole 47,556 200 Medicines Co COM 584688105 421 24,100 SH Sole 24,100 Medtronic Inc COM 585055106 5,410 93,975 SH Sole 91,875 2100 MEMC Electr Matls Inc COM 552715104 5,529 249,400 SH Sole 249,400 Mentor Graphics Corp COM 587200106 5,157 498,720 SH Sole 479,615 19105 Mercantile Bankshares Corp COM 587405101 3,121 55,300 SH Sole 55,300 Merck & Co Inc COM 589331107 25,281 794,737 SH Sole 792,237 2500 MGP Ingredients Inc COM 55302G103 4,893 414,670 SH Sole 397,320 17350 Michaels Stores Inc COM 594087108 4,802 135,764 SH Sole 135,764 Micromuse Inc COM 595094103 15,752 1,592,745 SH Sole 1,526,845 65900 Microsoft Corp COM 594918104 37,960 1,451,618 SH Sole 1,443,363 8255 Molex Inc COM 608554101 2,152 82,914 SH Sole 82,914 Moodys Corp COM 615369105 295 4,800 SH Sole 3,400 1400 Morgan Stanley COM NEW 617446448 1,177 20,745 SH Sole 12,690 8055 Motorola Inc COM 620076109 819 36,270 SH Sole 35,270 1000 MRO Software Inc COM 55347W105 5,159 367,445 SH Sole 352,795 14650 Murphy Oil Corp COM 626717102 35,817 663,400 SH Sole 663,400 National Australia BK LTD CAP UTS EXCHBL 632525309 1,791 45,450 SH Sole 45,450 Newell Rubbermaid Inc COM 651229106 2,180 91,690 SH Sole 91,690 Newmont Mining Corp COM 651639106 12,502 234,125 SH Sole 231,925 2200 Nexstar Broadcasting Group CLA 65336K103 50 10,000 SH Sole 10,000 Nitromed Inc COM 654798503 515 36,900 SH Sole 36,900 Norfolk Southern Corp COM 655844108 3,941 87,900 SH Sole 87,900 North Fork Bancorporation NY COM 659424105 438 16,008 SH Sole 16,008 Occidental Pete Corp Del COM 674599105 4,576 57,280 SH Sole 57,280 Oceaneering Intl Inc COM 675232102 14,553 292,355 SH Sole 281,100 11255 Offshore Logistics Inc COM 676255102 10,016 343,005 SH Sole 329,480 13525 Olin Corp COM PAR$ 680665205 9,043 459,500 SH Sole 459,500 Omnicare Inc COM 681904108 2,632 46,000 SH Sole 43,500 Oneok Inc New COM 682680103 240 9,000 SH Sole 3000 Oracle Corp COM 68389X105 1,736 142,175 SH Sole 142,175 OrthoLogic Corp COM 68750J107 1,033 210,900 SH Sole 210,900 Pain Therapeutics Inc COM 69562K100 480 71,000 SH Sole 71,000 Pall Corp COM 696429307 8,099 301,525 SH Sole 291,975 9550 Parker Hannifin Corp COM 701094104 16,131 244,550 SH Sole 244,550 Patterson Companies Inc COM 703395103 525 15,725 SH Sole 15,725 Penn VA Resources Partners L COM 707884102 5,281 95,025 SH Sole 95,025 Peoples BK BRIDGEPORT CT COM 710198102 280 9,000 SH Sole 9,000 Pepsico Inc COM 713448108 2,466 41,740 SH Sole 41,340 400 Perrigo Co COM 714290103 1,715 115,000 SH Sole 115,000 Pfizer Inc COM 717081103 25,663 1,100,458 SH Sole 1,089,161 11297 Pharmaceutical Prod Dev Inc COM 717124101 2,485 40,110 SH Sole 29,410 9700 Pharmion Corp COM 71715B409 6,735 379,000 SH Sole 364,780 14220 Phelps Dodge Corp COM 717265102 17,840 124,000 SH Sole 124,000 Plexus Corp COM 729132100 2,047 90,000 SH Sole 90,000 Powerwave Technologies Inc COM 739363109 18,186 1,446,740 SH Sole 1,395,840 48400 Pozen Inc COM 73941U102 947 98,800 SH Sole 98,800 Praxair Inc COM 74005P104 1,930 36,450 SH Sole 36,450 Procter & Gamble Co COM 742718109 4,833 83,495 SH Sole 74,197 9298 Prudential Finl Inc COM 744320102 3,099 42,342 SH Sole 42,342 PureCycle Corp COM NEW 746228303 3,203 425,555 SH Sole 425,555 Q Med COM 747914109 975 100,785 SH Sole 100,785 Qualcomm Inc COM 747525103 1,691 39,250 SH Sole 37,250 2000 Quest Diagnostics Inc COM 74834L100 1,976 38,380 SH Sole 36,980 1400 Questar Corp COM 748356102 4,777 63,100 SH Sole 51,500 11600 Raindance Comm COM 75086X106 5,649 2,769,225 SH Sole 2,671,375 97850 Regions Financial Corp New COM 7591EP100 2,543 74,448 SH Sole 74,448 Regis Corp MINN COM 758932107 1,284 33,300 SH Sole 33,300 Rita Medical Sys Inc Del COM 76774e103 8,496 2,172,930 SH Sole 2,099,990 72940 Royal Gold Inc COM 780287108 2,778 80,000 SH Sole 80,000 SAFECO Corp COM 786429100 861 15,244 SH Sole 2,344 12900 Salix Pharmaceuticals Inc COM 795435106 344 19,568 SH Sole 19,568 San Juan Basin RTY UNIT BEN INT 798241105 1,133 26,000 SH Sole 26,000 Sara Lee Corp COM 803111103 8,101 428,600 SH Sole 425,300 3300 Schein Henry Inc COM 806407102 2,841 65,090 SH Sole 65,090 Schering Plough Corp COM 806605101 5,253 251,925 SH Sole 251,925 Schlumberger Ltd COM 806857108 6,282 64,662 SH Sole 58,762 5900 Schulman A Inc COM 808194104 2,811 130,625 SH Sole 130,625 Scientific Atlanta Inc COM 808655104 250 5,800 SH Sole 5,800 Scientific Games Corp CLA 80874P109 1,910 70,000 SH Sole 70,000 Seachange Intl Inc COM 811699107 4,420 559,555 SH Sole 537,380 22175 Select Sector SPDR TR SB1 HEALTHCARE 81369Y209 1,517 47,830 SH Sole 47,830 Sensient Technologies Corp COM 81725t100 340 19,000 SH Sole 19,000 Sepracor Inc COM 817315104 2,466 47,800 SH Sole 47,800 Sigma Aldrich Corp COM 826552101 277 4,370 SH Sole 4370 Sonoco Prods Co COM 835495102 4,189 142,500 SH Sole 142,500 Southern Co COM 842587107 3,767 109,100 SH Sole 109,100 Southwest Airls Co COM 844741108 209 12,750 SH Sole 12750 SPDR Tr UNIT SERIES I 78462f103 577 4,631 SH Sole 2,481 2150 Sprint Nextel Corp COM 852061100 536 22,950 SH Sole 22,950 St Joe Co COM 790148100 985 14,650 SH Sole 6,000 7650 Staples Inc COM 855030102 1,508 66,412 SH Sole 62,437 3975 Starbucks Corp COM 855244109 246 8,200 SH Sole 8,200 Steelcase Inc CLA 858155203 11,103 701,400 SH Sole 701,400 streetTRACKS Gold Tr GOLD SHS 863307104 3,755 72,800 SH Sole 72,800 streetTRACKS Ser Tr DJ WL LG CP GR 86330E109 395 7,995 SH Sole 7,995 Sun Microsystems Inc COM 866810104 51 12,200 SH Sole 200 12000 SunTrust Banks Inc COM 867914103 291 4,000 SH Sole 4,000 Symantec Corp COM 871503108 367 21,000 SH Sole 21,000 Symbol Technologies Inc COM 871508107 13,925 1,086,181 SH Sole 1,070,501 15680 Symyx TECHNOLOGIES COM 87155S108 1,474 54,025 SH Sole 54,025 Synovis Life TECHNOLOGIES Inc COM 87162G105 5,345 532,945 SH Sole 514,370 18575 Sysco Corp COM 871829107 6,064 195,284 SH Sole 188,200 7084 Talisman Energy Inc COM 87425E103 381 7,200 SH Sole 7200 Target Corp COM 87612E106 2,495 45,385 SH Sole 43,775 1610 TeleTech Hldgs Inc COM 879939106 5,685 471,774 SH Sole 453,699 18075 Tellabs Inc COM 879664100 11,244 1,031,515 SH Sole 1,023,115 8400 Tetra Technologies Inc Del COM 88162F105 11,414 373,992 SH Sole 359,577 14415 Teva Pharmaceutical Inds LTD ADR 881624209 972 22,600 SH Sole 22,600 Texas Instrs Inc COM 882508104 1,982 61,795 SH Sole 61,795 Thermo Electron Corp COM 883556102 1,960 65,050 SH Sole 65,050 Thor Inds Inc COM 885160101 4,183 104,400 SH Sole 104,400 Thoratec COM NEW 885175307 18,980 917,370 SH Sole 897,375 19995 Tidewater Inc COM 886423102 12,136 272,975 SH Sole 263,970 9005 Timken Co COM 887389104 3,778 118,000 SH Sole 118,000 Toro Co COM 891092108 2,057 47,000 SH Sole 47,000 Transocean Inc ORD G90078109 468 6,711 SH Sole 6,711 TRC Cos Inc COM 872625108 6,940 633,790 SH Sole 608,080 25710 Tumbleweed Communication Co COM 899690101 1,667 541,200 SH Sole 519,895 21305 TXU Corp COM 873168108 10,128 201,800 SH Sole 200,000 1800 Tyco Intal Ltd New COM 902124106 1,254 43,450 SH Sole 42,950 500 Ultra Petroleum Corp COM 903914109 435 7,800 SH Sole 7,800 Ultratech Inc COM 904034105 27,069 1,648,555 SH Sole 1,608,475 40080 Unisource Energy Corp COM 909205106 3,067 98,300 SH Sole 98,300 Unisys Corp COM 909214108 64 11,000 SH Sole 11,000 United Parcel Service Inc CL B 911312106 1,097 14,600 SH Sole 11,900 2700 United Technologies Corp COM 913017109 1,006 17,998 SH Sole 17,500 498 UnitedHealth Group Inc COM 91324P102 6,885 110,800 SH Sole 110,000 800 Unitrin Inc COM 913275103 248 5,500 SH Sole 5,500 Unova Inc COM 91529B106 3,718 110,000 SH Sole 110,000 Ventas Inc COM 92276F100 213 6,650 SH Sole 4,175 2475 Verizon Communications COM 92343V104 4,827 160,252 SH Sole 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