13F-HR 1 f131208.txt 13F REPORT DECEMBER 2008 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, 2008 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: Lisa House Title: Complince Officer Phone: (509)455-3588 Signature, Place and Date of Signing: Lisa House Spokane, WA 02/09/09 [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: 97 Form 13F Information Table Value Total: 143,923 List of Other Included Managers: NONE ICM Asset Management, Inc FORM 13F 13F Annual Filing December 31, 2008 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Co. COM 88579Y101 789 13708 SH Sole 12783 925 AAR Corp. COM 000361105 5259 285645 SH Sole 278140 7505 Access Integrated Technoloqies COM 004329108 356 962504 SH Sole 951179 11325 ADC Telecommunications, Inc. COM 000886309 2738 500620 SH Sole 486695 13925 Albany Int'l Corp-Cl A COM 012348108 1825 142161 SH Sole 138541 3620 Alcoa, Inc. COM 013817101 620 55025 SH Sole 50275 4750 Allegheny Technologies Inc COM 01741r102 850 33275 SH Sole 31225 2050 American Equity Invt Life Hold COM 025676206 5419 774115 SH Sole 749440 24675 American Italian Pasta Co. Cla COM 027070101 1373 61475 SH Sole 61375 100 Annaly Capital Mgmt, Inc. COM 035710409 3010 189695 SH Sole 185625 4070 Applied Materials, Inc. COM 038222105 799 78835 SH Sole 76785 2050 Aura Systems, Inc. COM 051526200 1604 2944294 SH Sole 2944294 Avista Corp. COM 05379B107 639 32968 SH Sole 29843 3125 Avon Products COM 054303102 855 35585 SH Sole 34335 1250 BakBone Software, Inc. COM 057101107 54 270782 SH Sole 270782 Bank Of America Corp. COM 060505104 174 12337 SH Sole 11517 820 Boeing Co. COM 097023105 628 14725 SH Sole 14600 125 Bottomline Technologies, Inc. COM 101388106 3751 528372 SH Sole 513992 14380 Cadence Design Systems, Inc. COM 127387108 398 108677 SH Sole 108177 500 Cal Dive International Inc. COM 12802t101 2939 451493 SH Sole 437983 13510 Cemex S.A.B. DE C.V. COM 151290889 834 91261 SH Sole 87011 4250 Cisco Systems, Inc. COM 17275R102 675 41385 SH Sole 38510 2875 CMS Energy COM 125896100 792 78387 SH Sole 78047 340 Coca Cola Co. COM 191216100 973 21491 SH Sole 20091 1400 Coherent, Inc. COM 192479103 2710 126277 SH Sole 122497 3780 Cold Water Creek, Inc. COM 193068103 70 24525 SH Sole 24525 Convergys Corp. COM 212485106 1836 286380 SH Sole 277560 8820 Cross Country Healthcare, Inc. COM 227483104 2443 277973 SH Sole 269318 8655 Cytec Industries, Inc. COM 232820100 1179 55563 SH Sole 53328 2235 Diageo PLC Sponsored ADR COM 25243Q205 861 15175 SH Sole 14450 725 Dot Hill Systems Corp. COM 25848t109 2291 2864010 SH Sole 2795445 68565 Edge Petroleum Corp. COM 279862106 6 38945 SH Sole 38945 EF Johnson Technologies, Inc. COM 26843B101 1825 1362119 SH Sole 1307269 54850 Electro Scientific Inds, Inc. COM 285229100 1980 291643 SH Sole 282983 8660 Elizabeth Arden, Inc. COM 28660G106 2302 182528 SH Sole 176838 5690 Enwave Corp. COM 29410k108 4 15252 SH Sole 15252 Ericsson (LM) Tel Sp ADR COM 294821608 637 81587 SH Sole 77487 4100 Exxon Mobil Corp. COM 30231G102 911 11412 SH Sole 9785 1627 Flow International, Inc. COM 343468104 4623 1910246 SH Sole 1860535 49711 General Electric Co. COM 369604103 834 51460 SH Sole 46914 4546 Gerber Scientific COM 373730100 1603 313793 SH Sole 304768 9025 Goodrich Corp. COM 382388106 1666 45015 SH Sole 43770 1245 Goodyear Tire & Rubber COM 382550101 767 128432 SH Sole 122469 5963 H&E Equipment Services Inc. COM 404030108 3120 404618 SH Sole 394548 10070 HealthTronics COM 42222L107 3089 1372705 SH Sole 1313480 59225 Hearusa, Inc. COM 422360305 82 154380 SH Sole 154380 HSBC Holdings PLC Sponsor ADR COM 404280406 813 16700 SH Sole 15875 825 Hudson Highland Group Inc. COM 443792106 750 223970 SH Sole 218795 5175 IBM, Inc. COM 459200101 856 10175 SH Sole 9425 750 Insight Enterprises, Inc. COM 45765U103 1426 206627 SH Sole 203207 3420 Integrys Energy Group Inc. COM 45822P105 1558 36259 SH Sole 36119 140 Intel Corp. COM 458140100 908 61919 SH Sole 58074 3845 ION Geophysical Corp. COM 462044108 3132 913198 SH Sole 894051 19147 Ivanhoe Energy Inc. COM 465790103 9 18350 SH Sole 18350 Johnson & Johnson, Inc. COM 478160104 1181 19745 SH Sole 18445 1300 JP Morgan Chase & Co. COM 46625H100 865 27450 SH Sole 25700 1750 Kratos Defense & Security COM 50077b108 1748 1248660 SH Sole 1206635 42025 Lattice Semiconductor Corp. COM 518415104 3111 2060132 SH Sole 2005512 54620 Lifepoint Hospitals, Inc. COM 53219L109 1613 70608 SH Sole 68888 1720 LTX-Credence Corp. COM 502403108 3 10675 SH Sole 10675 Magnetek, Inc. COM 559424106 598 249340 SH Sole 248940 400 Marsh & Mclennan Cos., Inc. COM 571748102 674 27775 SH Sole 26325 1450 McDonalds Corp. COM 580135101 225 3625 SH Sole 2925 700 Medtronic, Inc. COM 585055106 799 25436 SH Sole 23886 1550 MFA Financial, Inc. COM 55272X102 2770 470280 SH Sole 457615 12665 Microsoft Corp. COM 594918104 816 42000 SH Sole 39700 2300 Monterey Gourmet Foods, Inc. COM 612570101 131 123443 SH Sole 123443 Moog Inc-Cl A COM 615394202 2686 73460 SH Sole 71645 1815 MSC Software Corp. COM 553531104 3510 525406 SH Sole 508301 17105 Nautilus, Inc. COM 63910b102 40 18000 SH Sole 18000 Nokia Corp. COM 654902204 785 50296 SH Sole 47916 2380 Novartis AG ADR COM 66987v109 943 18960 SH Sole 18960 Omnicare, Inc. COM 681904108 1916 69018 SH Sole 68648 370 Par Technology Corp/Del COM 698884103 1215 218925 SH Sole 218925 PerkinElmer, Inc. COM 714046109 830 59673 SH Sole 59403 270 Petroleo Brasilero S.A. COM 71654v408 901 36775 SH Sole 34475 2300 Pfizer, Inc. COM 717081103 954 53875 SH Sole 49720 4155 Polyone Corp. COM 73179P106 1359 431520 SH Sole 418345 13175 Powerwave Technologies, Inc. COM 739363109 2239 4477228 SH Sole 4359113 118115 Procter & Gamble Co. COM 742718109 1196 19343 SH Sole 18093 1250 Rent-A-Center, Inc. COM 76009N100 3250 184137 SH Sole 178992 5145 Seracare Life Science, Inc. COM 81747t104 49 38064 SH Sole 38064 Shaw Group, Inc. COM 820280105 3513 171605 SH Sole 167520 4085 Smithfield Foods, Inc. COM 832248108 848 60300 SH Sole 60300 Stancorp Financial Group Corp. COM 852891100 3202 76660 SH Sole 74555 2105 Superior Energy Services, Inc. COM 868157108 1437 90210 SH Sole 88520 1690 Symmetricom, Inc. COM 871543104 2267 573916 SH Sole 557346 16570 Technitrol, Inc. COM 878555101 3138 901800 SH Sole 876565 25235 Tessera Technologies, Inc. COM 88164L100 2287 192493 SH Sole 186268 6225 Toyota Motor Corp. Spon. ADR COM 892331307 643 9830 SH Sole 9830 Transocean Ltd COM H8817H100 796 16850 SH Sole 15750 1100 Tyson Foods, Inc. -Cl A COM 902494103 767 87575 SH Sole 87575 United Rentals, Inc. COM 911363109 2149 235686 SH Sole 231848 3838 Visa Inc. COM 92826C839 830 15825 SH Sole 14875 950 Vishay Intertechnology, Inc. COM 928298108 2077 607384 SH Sole 590584 16800 Wal-Mart Stores, Inc. COM 931142103 1104 19700 SH Sole 18290 1410 Waters Corp. COM 941848103 813 22175 SH Sole 20875 1300