13F-HR 1 f13dec02.txt DECEMBER 2002 13F REPORT 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, 2002 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: ICM Asset Management, Inc. Address: W. 601 Main Avenue, Suite 600 Spokane WA 99201-0613 Form 13F File Number: 28-03766 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Robert J. Law Title: Sr. Vice President Phone: (509)455-3588 Signature, Place and Date of Signing: Robert J. Law Spokane, WA 02-06-03 [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 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: 0 Form 13F Information Table Entry Total: 182 Form 13F Information Table Value Total: 1,335,393 List of Other Included Managers: NONE ICM Asset Management, Inc. FORM 13F 13F REPORT December 31, 2002 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Abaxis Inc COM 002567105 651 164400 SH Sole 164400 Abbott Laboratories COM 002824100 2136 53400 SH Sole 44800 8600 Adaptec Inc COM 00651F108 6557 1160550 SH Sole 927050 233500 Advanced Lighting Techs COM 00753C102 226 684850 SH Sole 684850 Agco Corp COM 001084102 30155 1364477 SH Sole 851797 512680 Air Products & Chemicals COM 009158106 1444 33775 SH Sole 29675 4100 Albertsons Inc COM 013104104 1471 66100 SH Sole 57400 8700 American Express COM 025816109 267 7560 SH Sole 7260 300 American Greetings Cl A COM 026375105 34695 2195859 SH Sole 1410274 785585 American Intl Group Inc COM 026874107 2959 51151 SH Sole 44513 6638 Anheuser Busch Cos Inc COM 035229103 737 15225 SH Sole 15225 Applica Incorporated COM 03815A106 7913 1582502 SH Sole 914068 668434 Arch Coal Inc COM 039380100 7449 345038 SH Sole 275138 69900 Aura Systems Inc COM 051526101 1342 24864119 SH Sole 23782198 1081921 Auto Data Processing COM 053015103 1384 35270 SH Sole 31270 4000 Avista Corp COM 05379B107 16517 1428800 SH Sole 991100 437700 Avnet Inc COM 053807103 716 66150 SH Sole 56150 10000 BE Aerospace Inc COM 073302101 11219 3082092 SH Sole 1710692 1371400 BP Plc COM 055622104 1262 31050 SH Sole 26186 4864 Ball Corp COM 058498106 225 4400 SH Sole 4400 Bank Of America Corp COM 060505104 2089 30033 SH Sole 25193 4840 Baxter Int'l Inc COM 071813109 218 7800 SH Sole 7800 Bedford Property Investors COM 076446301 903 35150 SH Sole 30250 4900 Bellsouth Corp COM 079860102 1609 62189 SH Sole 52189 10000 Beverly Enterprises COM 087851309 31028 10887190 SH Sole 6344712 4542478 Bristol Myers COM 110122108 1125 48600 SH Sole 40800 7800 Building Material Hldg Corp COM 120113105 17578 1229200 SH Sole 594000 635200 Burlington Resources COM 122014103 1088 25520 SH Sole 20520 5000 Cabot Corp COM 127055101 27914 1051754 SH Sole 670262 381492 Cal Dive International Inc COM 127914109 2363 100550 SH Sole 40650 59900 Calgon Carbon Corp COM 129603106 18120 3668042 SH Sole 2073282 1594760 Casey's General Stores Inc COM 147528103 35982 2946960 SH Sole 1859120 1087840 Charming Shoppes COM 161133103 24742 5919137 SH Sole 3700687 2218450 ChevronTexaco Corp COM 166764100 1626 24454 SH Sole 22169 2285 Cisco Systems COM 17275R102 1425 108776 SH Sole 91776 17000 Citigroup Inc COM 172967101 241 6860 SH Sole 6860 Coherent Inc COM 192479103 5245 262900 SH Sole 220950 41950 Colgate-Palmolive COM 194162103 1008 19235 SH Sole 15335 3900 Colonial Bancgroup Inc COM 195493309 11462 960747 SH Sole 769447 191300 Compass Bancshares Inc COM 20449H109 10239 327450 SH Sole 273200 54250 Computer Sciences Corp COM 205363104 1513 43925 SH Sole 35275 8650 Cray Computer COM 225223106 392 51150 SH Sole 51150 Creative Bakeries Inc COM 225268101 35 882000 SH Sole 882000 Cross Media COM 22754R201 339 617250 SH Sole 374000 243250 Daisytek Intl Corp COM 234053106 14552 1835063 SH Sole 1066013 769050 Duke Energy Corp COM 264399106 699 35789 SH Sole 28789 7000 Eli Lilly & Co COM 532457108 614 9663 SH Sole 7163 2500 Elite Logistics COM 28660B107 33 555556 SH Sole 555556 Emerson Electric Co COM 291011104 2302 45275 SH Sole 38775 6500 Engelhard Corp COM 292845104 23375 1045857 SH Sole 601107 444750 Enpro Industries Inc COM 29355X107 257 64290 SH Sole 58050 6240 Euniverse, Inc. COM 298412107 390 68650 SH Sole 68650 Exxon Mobil Corp COM 30231G102 985 28199 SH Sole 23781 4418 Fairchild Semicon Intl-Cl A COM 303726103 10355 966850 SH Sole 750800 216050 Fannie Mae COM 313586109 2327 36170 SH Sole 31670 4500 FedEx Corp COM 31428x106 233 4292 SH Sole 1700 2592 Federated Depart Stores COM 31410H101 776 26990 SH Sole 20340 6650 Fifth Third Bancorp COM 316773100 451 7700 SH Sole 7700 Fleet Boston Finl Corp COM 339030108 539 22173 SH Sole 3573 18600 Fleming Companies Inc COM 339130106 14986 2281010 SH Sole 1237060 1043950 Flextronics Intl Ltd COM Y2573F102 17219 2102450 SH Sole 1107550 994900 Flow Int'l Inc COM 343468104 3058 1199050 SH Sole 623450 575600 Forest Oil Corp COM 346091705 229 8287 SH Sole 8037 250 Gannett Co COM 364730101 1982 27600 SH Sole 25200 2400 Gart Sports Company COM 366630101 10040 518850 SH Sole 254500 264350 General Electric COM 369604103 937 38488 SH Sole 35658 2830 Goodrich Corporation COM 382388106 9535 520450 SH Sole 422750 97700 HPSC Inc COM 404264103 86 11143 SH Sole 11143 Harsco Corp COM 415864107 14465 453602 SH Sole 353352 100250 Hasbro Inc COM 418056107 744 64433 SH Sole 59758 4675 HealthStream, Inc. COM 42222N103 70 49600 SH Sole 49600 Hewlett-Packard Co. COM 428236103 2173 125157 SH Sole 66953 58204 Hilton Hotels Corp COM 432848109 4766 375000 SH Sole 292250 82750 IGN Entertainment, Inc COM 449589100 279 56350 SH Sole 56350 IL Tool Works Inc COM 452308109 370 5700 SH Sole 5500 200 IMC Global Inc COM 449669100 9364 877572 SH Sole 715472 162100 Ingram Micro Inc Cl A COM 457153104 6839 553800 SH Sole 120450 433350 Input/Output Inc COM 457652105 11855 2789295 SH Sole 1755576 1033719 Int'l Rectifier Corp COM 460254105 643 34823 SH Sole 31462 3361 Intel Corp COM 458140100 1629 104615 SH Sole 93015 11600 Inter-Tel Inc COM 458372109 204 9768 SH Sole 9768 Interface Inc COM 458665106 14369 4680525 SH Sole 2617959 2062566 Interland Inc COM 458727104 14604 11233600 SH Sole 5980000 5253600 JLG Industries Inc COM 466210101 1481 196650 SH Sole 193450 3200 John H Harland Co COM 412693103 31418 1419700 SH Sole 896151 523549 Johnson & Johnson COM 478160104 1880 35000 SH Sole 30200 4800 Joy Global Inc. COM 481165108 26807 2380770 SH Sole 1471784 908986 K2 Inc COM 482732104 11687 1243330 SH Sole 672440 570890 Keycorp COM 493267108 271 10760 SH Sole 10310 450 Keystone Automotive Inds Inc COM 49338N109 2747 182900 SH Sole 164450 18450 Lexar Media Inc. COM 52886p104 17540 2797400 SH Sole 1412350 1385050 Lion Inc COM 53620L102 79 1879000 SH Sole 1879000 Lions Gate Entertainment Cor. COM 535919203 169 85700 SH Sole 85700 Loral Space & Communications COM G56462107 157 365000 SH Sole 365000 Louisiana Pacific Corp COM 546347105 33503 4156731 SH Sole 2710883 1445848 Magnetek Inc COM 559424106 9104 2050409 SH Sole 1155849 894560 Manor Care Inc COM 564055101 28942 1555186 SH Sole 917736 637450 Massey Energy Company COM 576206106 6687 687950 SH Sole 487450 200500 Material Sciences Corp COM 576674105 4255 328850 SH Sole 328850 McDermott Int'l Inc COM 580037109 12408 2832917 SH Sole 1538167 1294750 McDonalds Corp COM 580135101 983 61130 SH Sole 51680 9450 Measurement Specialties COM 583421102 48 23050 SH Sole 23050 Medtronic Inc COM 585055106 2611 57256 SH Sole 49456 7800 Mellon Financial Corp COM 58551A108 381 14600 SH Sole 14600 Merck & Co COM 589331107 2307 40759 SH Sole 35059 5700 Metasolv Inc COM 59139p104 78 56400 SH Sole 56400 Michaels Stores COM 594087108 2801 89488 SH Sole 64688 24800 Micromuse Inc COM 595094103 14085 3687300 SH Sole 2035900 1651400 Microsoft COM 594918104 493 9535 SH Sole 9535 Microtune, Inc. COM 59514P109 394 125850 SH Sole 125850 Milacron Inc COM 598709103 20910 3514325 SH Sole 1897261 1617064 Morgan Stanley Dean Witter & C COM 617446448 451 11300 SH Sole 11300 Motorola Inc COM 620076109 533 61653 SH Sole 48653 13000 NYFIX Inc COM 670712108 5126 1139050 SH Sole 596500 542550 National-Oilwell Inc COM 637071101 7391 338434 SH Sole 187996 150438 Navigant International Inc COM 63935R108 8838 716750 SH Sole 360850 355900 Nicor Inc COM 654086107 582 17100 SH Sole 12600 4500 Nisource Inc COM 65473P105 1575 78745 SH Sole 68245 10500 Noble Energy, Inc. COM 655044105 1028 27375 SH Sole 20875 6500 Nortel Networks Corp COM 656568102 175 108450 SH Sole 78950 29500 Office Depot Inc COM 676220106 6392 433056 SH Sole 354262 78794 Officemax Inc COM 67622M108 7648 1529525 SH Sole 1370525 159000 Omnicare Inc COM 681904108 34747 1458137 SH Sole 856965 601172 Oracle Corp COM 68389X105 1230 113886 SH Sole 95886 18000 Pactiv Corporation COM 695257105 29005 1326862 SH Sole 874366 452496 Paxar Corp COM 704227107 11342 768950 SH Sole 695800 73150 Pepsico COM 713448108 1305 30903 SH Sole 27503 3400 PerkinElmer, Inc. COM 714046109 23385 2834580 SH Sole 1717250 1117330 Photronics Inc COM 719405102 162 11850 SH Sole 11150 700 Polyone Corporation COM 73179P106 10630 2711850 SH Sole 1628100 1083750 Power-One Inc COM 739308104 8407 1482750 SH Sole 570250 912500 Powerwave Technologies Inc COM 739363109 14296 2647450 SH Sole 1366950 1280500 Precision Castparts COM 740189105 30590 1261435 SH Sole 781581 479854 Procter & Gamble Co COM 742718109 2205 25655 SH Sole 23155 2500 Procyte Corp COM 742807100 128 96100 SH Sole 96100 Quintiles Transnational Corp COM 748767100 2335 192950 SH Sole 109900 83050 RPM Inc COM 749685103 1661 108672 SH Sole 64972 43700 RTI Int'l Metals COM 74973W107 20375 2017317 SH Sole 1143671 873646 Regions Financial Corp COM 758940100 2670 80050 SH Sole 80050 Regis Corp COM 758932107 15698 604013 SH Sole 351009 253004 Sanswire Technologies COM 801079104 41 86547 SH Sole 86547 SBC Communications COM 78387G103 875 32263 SH Sole 25263 7000 Sara Lee Corp COM 803111103 936 41600 SH Sole 35850 5750 Schlumberger Ltd COM 806857108 1754 41675 SH Sole 36675 5000 Sepragen Corp COM 817316102 21 700000 SH Sole 700000 Sherwin-Williams Co COM 824348106 619 21906 SH Sole 17906 4000 Shurgard Storage Ctr-Reit COM 82567D104 13078 417300 SH Sole 226984 190316 Six Flags Inc COM 83001p109 22651 3966835 SH Sole 2275085 1691750 Solectron Corp COM 834182107 56 15650 SH Sole 15650 Soligen Technologies COM 83423G109 14 1430086 SH Sole 1430086 Solutia Inc COM 834376105 9414 2593321 SH Sole 1482671 1110650 Sonosite Inc COM 83568G104 7958 608850 SH Sole 321661 287189 Sovereign Bancorp Inc COM 845905108 32384 2304886 SH Sole 1463351 841535 Steelcase Inc- Cl A COM 858155203 249 22750 SH Sole 21050 1700 Stewart & Stevenson Services COM 860342104 33582 2374938 SH Sole 1479738 895200 Suntrust Banks Inc. COM 867914103 424 7450 SH Sole 7450 Superior Energy Services Inc COM 868157108 36360 4434100 SH Sole 2778996 1655104 Svi Solutions, Inc COM 784872301 1894 3439450 SH Sole 3439450 Sykes Enterprises Inc COM 871237103 5372 1637850 SH Sole 752100 885750 Symbol Technologies Inc COM 871508107 22344 2718259 SH Sole 1605673 1112586 Syncor Int'l Corp-DEL COM 87157J106 2115 76266 SH Sole 71666 4600 Systems & Computer Tech Corp COM 871873105 32632 3794458 SH Sole 2092982 1701476 Terex Corp COM 880779103 23594 2117925 SH Sole 1361435 756490 3M Company COM 88579Y101 1137 9224 SH Sole 9224 Toreador Resources Corp COM 891050106 136 54350 SH Sole 54350 Tyco International Ltd COM 902124106 423 24763 SH Sole 19763 5000 UAL Corporation COM 902549500 33 23260 SH Sole 23260 US Bancorp-New COM 902973304 359 16907 SH Sole 14609 2298 Unisys Corp COM 909214108 9902 1000200 SH Sole 848600 151600 Universal Compression Hldgs COM 913431102 29985 1567446 SH Sole 971746 595700 Universal Forest Products COM 913543104 433 20300 SH Sole 18950 1350 Veritas DGC Inc COM 92343P107 3255 412043 SH Sole 342543 69500 Verizon Communications COM 92343V104 2469 63706 SH Sole 55206 8500 VirtGame Corp COM 92826G103 650 2000000 SH Sole 2000000 Vishay Intertechnology COM 928298108 1931 172732 SH Sole 95289 77443 Vivus Inc COM 928551100 350 93900 SH Sole 93900 Vizacom Inc COM 92855E201 19 240760 SH Sole 240760 Wal-Mart Stores Inc COM 931142103 1563 30935 SH Sole 27235 3700 Washington Mutual Inc COM 939322103 1862 53916 SH Sole 46916 7000 Wellman Inc COM 949702104 20897 1549050 SH Sole 850392 698658 Worldbid COM 98156R106 4 359000 SH Sole 359000 Wyeth COM 983024100 289 7721 SH Sole 7721