13F-HR 1 shufrorose12312002.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, 2002 Check here if Amendment (); Amendment Number: This Amendment (Check only one): ( ) is a restatement. (X) adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Shufro Rose & Co, LLC Address: 745 Fifth Avenue 26th Floor New York, NY 10151 13F File Number:28-792 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: Steven J. Glass Title: Managing Director Phone: 212-754-5100 Signature, Place, and Date of Signing: Steven J. Glass New York, NY February 6, 2003 Report Type (Check only one): (X) 13F HOLDINGS REPORT ( ) 13F NOTICE ( ) 13F COMBINATION REPORT I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE AS OF DATE: 12/31/02 RUN DATE: 02/02/03 11:17 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 214 FORM 13F INFORMATION TABLE VALUE TOTAL: $514,040,096.33 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 12/31/2002 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole RICHARDSON EL 8.25% 6-15-06 CONV BND 763165AC1 2,104,419 2,335,000 PRN SOLE 2,335,000 STANDARD COML CV 7.25% 3-31-07 CONV BND 853258AA9 3,240,174 3,319,000 PRN SOLE 3,319,000 DOMINION RES 9.5% CONV PFD CONV PFD 25746U208 704,470 13,000 SH SOLE 13,000 ABBOTT LABORATORIES COM 002824100 7,707,080 192,677 SH SOLE 192,677 ADAPTEC COM 00651F108 1,544,004 273,275 SH SOLE 273,275 ADVANCED DIGITAL INFORMATION COM 007525108 147,620 22,000 SH SOLE 22,000 AGILENT TECHNOLOGIES COM 00846U101 326,764 18,194 SH SOLE 18,194 AGRIUM INC COM 008916108 10,908,031 964,459 SH SOLE 964,459 ALEXANDER & BALDWIN COM 014482103 3,164,433 122,700 SH SOLE 122,700 ALLEGHANY CORP COM 017175100 6,245,693 35,187 SH SOLE 35,187 ALLMERICA FINANCIAL COM 019754100 2,438,443 241,430 SH SOLE 241,430 AMERICAN EXPRESS COM 025816109 1,751,946 49,560 SH SOLE 49,560 AMERICAN POWER CONVERSION COM 029066107 189,375 12,500 SH SOLE 12,500 AOL TIME WARNER COM 00184A105 1,233,981 94,197 SH SOLE 94,197 APARTMENT INVESTMENT & MGMT COM 03748R101 335,446 8,950 SH SOLE 8,950 APPLIED MATERIALS COM 038222105 2,509,461 192,591 SH SOLE 192,591 APRIA HEALTH GROUP COM 037933108 339,938 15,285 SH SOLE 15,285 ASCENTIAL SOFTWARE COM 04362P108 1,128,960 470,400 SH SOLE 470,400 ASYST TECHNOLOGIES COM 04648X107 2,253,143 306,550 SH SOLE 306,550 AT&T WIRELESS SERVICES COM 00209A106 107,083 18,953 SH SOLE 18,953 ATI TECHNOLOGIES COM 001941103 477,193 102,600 SH SOLE 102,600 AUDIOVOX CLASS A COM 050757103 403,299 39,000 SH SOLE 39,000 AUTODESK COM 052769106 200,200 14,000 SH SOLE 14,000 AUTOMATIC DATA PROCESSING COM 053015103 1,189,197 30,298 SH SOLE 30,298 AVNET COM 053807103 242,971 22,435 SH SOLE 22,435 BALDWIN TECHNOLOGY COM 058264102 202,752 460,800 SH SOLE 460,800 BANTA CORP COM 066821109 813,020 26,000 SH SOLE 26,000 BELLSOUTH COM 079860102 720,298 27,843 SH SOLE 27,843 BERKSHIRE BANCORP COM 084597103 263,716 7,702 SH SOLE 7,702 BERKSHIRE HATHAWAY A SHARES COM 084670108 2,037,000 28 SH SOLE 28 BERKSHIRE HATHAWAY B SHARES COM 084670207 5,866,083 2,421 SH SOLE 2,421 BIG LOTS COM 089302103 8,521,641 644,115 SH SOLE 644,115 BLOCKBUSTER INC COM 093679108 586,163 47,850 SH SOLE 47,850 BOMBAY STORES COM 097924104 7,598,900 1,519,780 SH SOLE 1,519,780 BORLAND SOFTWARE COM 099849101 1,582,272 128,640 SH SOLE 128,640 BOSTON ACOUSTICS COM 100534106 459,600 38,300 SH SOLE 38,300 BP PLC COM 055622104 1,629,374 40,083 SH SOLE 40,083 BRISTOL-MYERS SQUIBB COM 110122108 5,907,533 255,185 SH SOLE 255,185 BROOKTROUT INC COM 114580103 127,200 24,000 SH SOLE 24,000 CANADIAN NATURAL RESOURCES LTD COM 136385101 3,440,266 115,951 SH SOLE 115,951 CARNIVAL CRUISE LINES COM 143658102 1,160,175 46,500 SH SOLE 46,500 CELERITEK INC COM 150926103 2,241,590 336,575 SH SOLE 336,575 CELLSTAR NEW COM 150925204 88,122 15,460 SH SOLE 15,460 CH ENERGY GROUP COM 12541M102 1,764,759 37,846 SH SOLE 37,846 CHARMING SHOPPES COM 161133103 1,264,868 302,600 SH SOLE 302,600 CHEVRONTEXACO COM 166764100 1,750,950 26,338 SH SOLE 26,338 CIRRUS LOGIC COM 172755100 72,000 25,000 SH SOLE 25,000 CISCO SYSTEMS COM 17275R102 213,831 16,323 SH SOLE 16,323 CITIGROUP COM 172967101 1,464,784 41,625 SH SOLE 41,625 COCA-COLA COM 191216100 208,364 4,755 SH SOLE 4,755 COHU INC COM 192576106 147,000 10,000 SH SOLE 10,000 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 12/31/2002 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole COMCAST NEW CLASS A COM 20030N101 421,890 17,899 SH SOLE 17,899 COMFORT SYSTEMS USA COM 199908104 60,300 18,000 SH SOLE 18,000 CONCERTO SOFTWARE COM 20602T106 3,947,333 584,790 SH SOLE 584,790 CONCORD CAMERA COM 206156101 683,094 125,800 SH SOLE 125,800 CONSOLIDATED EDISON COM 209115104 311,644 7,278 SH SOLE 7,278 CONSOLIDATED TOMOKA LAND COM 210226106 2,309,038 119,950 SH SOLE 119,950 CONSUMERS FINANCIAL CORP COM 210520102 4,300 21,500 SH SOLE 21,500 COOLBRANDS INTL SUB VTG SHS COM 21639P208 213,494 62,700 SH SOLE 62,700 CORNING COM 219350105 988,502 298,641 SH SOLE 298,641 COVANSYS CORP COM 22281W103 1,054,871 280,700 SH SOLE 280,700 CPAC COM 126145101 53,036 10,500 SH SOLE 10,500 CRAFTMADE INTERNATIONAL COM 22413E104 3,032,152 196,893 SH SOLE 196,893 CREDENCE SYSTEMS COM 225302108 3,815,037 408,900 SH SOLE 408,900 DEPARTMENT 56 COM 249509100 5,128,911 397,590 SH SOLE 397,590 DISNEY WALT COM 254687106 8,372,624 513,343 SH SOLE 513,343 DUKE ENERGY COM 264399106 5,390,109 275,850 SH SOLE 275,850 DUPONT COM 263534109 30,452,062 718,209 SH SOLE 718,209 ELECTRONIC CLEARING HOUSE COM 285562500 18,381 10,625 SH SOLE 10,625 EL PASO ELECTRIC COM 283677854 7,399,150 672,650 SH SOLE 672,650 ETHAN ALLEN INTERIORS COM 297602104 9,476,187 275,711 SH SOLE 275,711 EXXON MOBIL COM 30231G102 28,262,931 808,899 SH SOLE 808,899 FIRST DATA COM 319963104 650,482 18,370 SH SOLE 18,370 FIRST NATIONAL BANK ALASKA COM 32112J106 2,166,600 1,570 SH SOLE 1,570 FLEETBOSTON FINANCIAL COM 339030108 485,028 19,960 SH SOLE 19,960 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 2,036,648 248,675 SH SOLE 248,675 FORD MOTOR CO COM 345370860 199,959 21,501 SH SOLE 21,501 FRANKLIN CE LTD COM 125151100 255,808 114,200 SH SOLE 114,200 GANNETT CO COM 364730101 1,072,907 14,943 SH SOLE 14,943 GAP INC COM 364760108 11,878,620 765,375 SH SOLE 765,375 GENENCOR INTERNATIONAL COM 368709101 459,660 47,000 SH SOLE 47,000 GENERAL ELECTRIC COM 369604103 40,976,253 1,682,803 SH SOLE 1,682,803 GENERAL MOTORS COM 370442105 3,061,076 83,046 SH SOLE 83,046 GERMANY FUND COM 374143105 2,194,437 485,495 SH SOLE 485,495 GIGA TRONICS COM 375175106 22,400 16,000 SH SOLE 16,000 GLATFELTER COM 377316104 1,193,783 90,713 SH SOLE 90,713 GLENAYRE TECHNOLOGIES COM 377899109 361,038 316,700 SH SOLE 316,700 GLOBAL INDUSTRIES COM 379336100 224,763 53,900 SH SOLE 53,900 GOODYEAR TIRE & RUBBER COM 382550101 82,415 12,102 SH SOLE 12,102 GREAT LAKES CHEMICAL COM 390568103 5,148,886 215,615 SH SOLE 215,615 GREATER CHINA FUND COM 39167B102 163,170 18,500 SH SOLE 18,500 GSI LUMONICS COM 36229U102 677,772 112,400 SH SOLE 112,400 GUIDANT COM 401698105 8,448,427 273,855 SH SOLE 273,855 H & Q LIFE SCIENCES COM 404053100 183,058 15,396 SH SOLE 15,396 HANSON INDUSTRIES ADR COM 411352404 3,120,349 140,683 SH SOLE 140,683 HEWLETT PACKARD COM 428236103 5,037,021 290,151 SH SOLE 290,151 HOLLINGER COM 435569108 114,960 11,315 SH SOLE 11,315 HOME DEPOT COM 437076102 2,995,192 125,008 SH SOLE 125,008 HORIZON OFFSHORE COM 44043J105 239,538 48,100 SH SOLE 48,100 HUDSON UNITED BANCORP COM 444165104 1,584,825 50,959 SH SOLE 50,959 HUNTCO CLASS A COM 445661101 0 15,800 SH SOLE 15,800 IGEN INTERNATIONAL COM 449536101 925,560 21,600 SH SOLE 21,600 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 12/31/2002 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole INTEL COM 458140100 531,575 34,141 SH SOLE 34,141 INTERPUBLIC GROUP OF COMPANIES COM 460690100 147,840 10,500 SH SOLE 10,500 INTL BUSINESS MACHINES COM 459200101 5,634,560 72,704 SH SOLE 72,704 INTERNATIONAL PAPER COM 460146103 639,706 18,293 SH SOLE 18,293 INTERNATIONAL RECTIFIER COM 460254105 313,820 17,000 SH SOLE 17,000 JAPAN SMALLER CAP FUND COM 47109U104 1,223,660 200,600 SH SOLE 200,600 JOHNSON & JOHNSON COM 478160104 539,893 10,052 SH SOLE 10,052 KEMET CORP COM 488360108 603,060 69,000 SH SOLE 69,000 KIMBERLY-CLARK COM 494368103 2,529,344 53,283 SH SOLE 53,283 KIRBY CORP COM 497266106 7,711,655 281,550 SH SOLE 281,550 KREISLER MANUFACTURING CORP COM 500773106 91,460 15,769 SH SOLE 15,769 LABOR READY COM 505401208 211,860 33,000 SH SOLE 33,000 LAZARE KAPLAN INTL COM 521078105 1,565,632 287,800 SH SOLE 287,800 LENNOX INTERNATIONAL COM 526107107 167,166 13,320 SH SOLE 13,320 LIBERTY MEDIA COM 530718105 385,654 43,138 SH SOLE 43,138 LINENS N THINGS COM 535679104 6,618,071 292,835 SH SOLE 292,835 LOUISIANA PACIFIC COM 546347105 83,018 10,300 SH SOLE 10,300 LUCENT TECHNOLOGIES COM 549463107 38,344 30,432 SH SOLE 30,432 M & T BANK COM 55261F104 8,560,675 107,885 SH SOLE 107,885 MACDERMID COM 554273102 3,313,250 145,000 SH SOLE 145,000 MACROMEDIA INC COM 556100105 575,100 54,000 SH SOLE 54,000 MATTSON TECHNOLOGY COM 577223100 1,221,063 426,945 SH SOLE 426,945 MELLON FINANCIAL COM 58551A108 1,344,900 51,509 SH SOLE 51,509 MERCK & CO COM 589331107 8,397,810 148,345 SH SOLE 148,345 MERIDIAN RESOURCE CORP COM 58977Q109 21,150 23,500 SH SOLE 23,500 MERRILL LYNCH COM 590188108 4,976,497 131,133 SH SOLE 131,133 MFRI INC COM 552721102 448,635 271,900 SH SOLE 271,900 MICHAELS STORES COM 594087108 397,510 12,700 SH SOLE 12,700 MICROSOFT COM 594918104 1,019,110 19,712 SH SOLE 19,712 MIDWAY GAMES COM 598148104 72,975 17,500 SH SOLE 17,500 MIDWEST EXPRESS HOLDINGS COM 597911106 58,850 11,000 SH SOLE 11,000 MILBROOK PRESS COM 600179105 483,175 276,100 SH SOLE 276,100 MILLEA HOLDINGS COM 60032R106 4,994,176 141,880 SH SOLE 141,880 MONMOUTH REAL ESTATE INVT CORP COM 609720107 169,540 24,500 SH SOLE 24,500 MORGAN CHASE J P & CO COM 46625H100 10,702,920 445,955 SH SOLE 445,955 MOTOROLA COM 620076109 167,698 19,387 SH SOLE 19,387 MOVADO GROUP COM 624580106 3,865,831 205,520 SH SOLE 205,520 MSC SOFTWARE COM 553531104 103,448 13,400 SH SOLE 13,400 MUNICIPAL PARTNERS FUND COM 62622C101 281,400 21,000 SH SOLE 21,000 NEOMAGIC CORP COM 640497103 331,992 307,400 SH SOLE 307,400 NETWORK EQUIPMENT TECHNOLOGIES COM 641208103 2,492,003 635,715 SH SOLE 635,715 NEW GERMANY FUND COM 644465106 1,602,470 451,400 SH SOLE 451,400 NEW PLAN EXCEL REALTY TRUST COM 648053106 310,213 16,250 SH SOLE 16,250 NOVELL COM 670006105 151,716 45,424 SH SOLE 45,424 NOVELLUS SYSTEMS COM 670008101 1,328,970 47,328 SH SOLE 47,328 OAK TECHNOLOGY COM 671802106 2,847,372 1,074,480 SH SOLE 1,074,480 OCE NV ADR COM 674627203 174,736 16,000 SH SOLE 16,000 OFFICEMAX INC COM 67622M108 891,500 178,300 SH SOLE 178,300 ON ASSIGNMENT INC COM 682159108 85,200 10,000 SH SOLE 10,000 ORTHOLOGIC CORP COM 68750J107 85,918 23,800 SH SOLE 23,800 PARAMETRIC TECHNOLOGY COM 699173100 229,320 91,000 SH SOLE 91,000 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 12/31/2002 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole PAREXEL INTERNATIONAL COM 699462107 277,003 25,205 SH SOLE 25,205 PEABODY ENERGY COM 704549104 9,161,559 313,430 SH SOLE 313,430 PEPSICO INC COM 713448108 1,777,842 42,109 SH SOLE 42,109 PERKINELMER COM 714046109 4,750,103 575,770 SH SOLE 575,770 PETSMART COM 716768106 268,085 15,650 SH SOLE 15,650 PFIZER INC COM 717081103 6,449,414 210,972 SH SOLE 210,972 PHARMACIA COM 71713U102 359,898 8,610 SH SOLE 8,610 PIONEER STANDARD ELECTRONICS COM 723877106 399,789 43,550 SH SOLE 43,550 PROCTER & GAMBLE COM 742718109 214,850 2,500 SH SOLE 2,500 REGAL BELOIT COM 758750103 2,705,490 130,700 SH SOLE 130,700 REPUBLIC FIRST BANCORP COM 760416107 78,012 12,000 SH SOLE 12,000 ROBOTIC VISION SYSTEMS COM 771074101 38,400 160,000 SH SOLE 160,000 ROYAL DUTCH PETROLEUM COM 780257804 469,253 10,660 SH SOLE 10,660 ROYCE VALUE TRUST COM 780910105 2,959,971 223,394 SH SOLE 223,394 SAFEWAY COM 786514208 298,891 12,795 SH SOLE 12,795 SARA LEE COM 803111103 567,657 25,218 SH SOLE 25,218 SBC COMMUNICATIONS COM 78387G103 1,644,086 60,645 SH SOLE 60,645 SCHLUMBERGER LTD COM 806857108 482,983 11,475 SH SOLE 11,475 SCIENCE DYNAMICS COM 808631105 1,136 37,850 SH SOLE 37,850 SCIENTIFIC GAMES CLASS A COM 80874P109 940,969 129,610 SH SOLE 129,610 SCM MICROSYSTEMS COM 784018103 255,000 60,000 SH SOLE 60,000 SIFCO INDUSTRIES COM 826546103 145,500 58,200 SH SOLE 58,200 SMART & FINAL INC COM 831683107 93,600 18,000 SH SOLE 18,000 SOLECTRON CORP COM 834182107 45,799 12,901 SH SOLE 12,901 SPARTON CORP COM 847235108 383,150 48,500 SH SOLE 48,500 STARRETT L S COM 855668109 3,175,580 191,300 SH SOLE 191,300 STEIN MART COM 858375108 176,900 29,000 SH SOLE 29,000 STEWART & STEVENSON SERVICES COM 860342104 3,682,056 260,400 SH SOLE 260,400 SWISS HELVETIA FUND COM 870875101 5,276,859 547,392 SH SOLE 547,392 SYMBOL TECHNOLOGIES COM 871508107 117,546 14,300 SH SOLE 14,300 SYMMETRICOM INC COM 871543104 2,751,968 652,125 SH SOLE 652,125 SYSCO CORP COM 871829107 226,881 7,616 SH SOLE 7,616 SYSTEMAX INC COM 871851101 31,000 20,000 SH SOLE 20,000 TECUMSEH PRODUCTS CLASS A COM 878895200 4,663,658 105,680 SH SOLE 105,680 TECUMSEH PRODUCTS CLASS B COM 878895101 344,810 8,200 SH SOLE 8,200 TELLABS COM 879664100 3,552,304 488,625 SH SOLE 488,625 TERADYNE COM 880770102 446,243 34,300 SH SOLE 34,300 THREE FIVE SYSTEMS COM 88554L108 221,235 34,300 SH SOLE 34,300 TIMBERLINE SOFTWARE COM 887134104 99,960 17,000 SH SOLE 17,000 TRANSACTION SYSTEMS ARCHITECTS COM 893416107 2,966,600 456,400 SH SOLE 456,400 TRANSOCEAN COM G90078109 7,399,849 318,959 SH SOLE 318,959 TRENWICK GROUP LTD COM G9032C109 139,104 193,200 SH SOLE 193,200 TRINITY INDUSTRIES COM 896522109 5,785,644 305,150 SH SOLE 305,150 TWIN DISC COM 901476101 2,919,204 235,800 SH SOLE 235,800 UNION PACIFIC COM 907818108 12,821,460 214,155 SH SOLE 214,155 USEC INC COM 90333E108 5,023,540 834,475 SH SOLE 834,475 VARIAN INC COM 922206107 8,612,021 300,175 SH SOLE 300,175 VERITAS DGC COM 92343P107 255,565 32,350 SH SOLE 32,350 VERIZON COMMUNICATIONS COM 92343V104 552,226 14,251 SH SOLE 14,251 VIRBAC CORP COM 927649103 117,810 21,000 SH SOLE 21,000 VISTEON COM 92839U107 2,695,330 387,260 SH SOLE 387,260 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 12/31/2002 - Voting Authority - Title Name of Issuer of Class - CUSIP - Value Shares/ SH/ Put/ Invstmt/ Shared None (X $1000) Prn Amt Prn Call Dscretn - Managers - Sole VITESSE SEMICONDUCTOR COM 928497106 378,879 173,400 SH SOLE 173,400 VODAFONE GROUP PLC NEW COM 92857W100 1,021,606 56,380 SH SOLE 56,380 WAL-MART STORES COM 931142103 1,005,149 19,900 SH SOLE 19,900 WASHINGTON MUTUAL COM 939322103 1,144,566 33,147 SH SOLE 33,147 WORLDCOM - GA NEW COM 98157D106 25,741 187,892 SH SOLE 187,892 WYETH COM 983024100 1,253,424 33,514 SH SOLE 33,514 XCEL ENERGY COM 98389B100 165,616 15,056 SH SOLE 15,056 YUM BRANDS COM 988498101 765,691 31,614 SH SOLE 31,614 3COM COM 885535104 47,342 10,225 SH SOLE 10,225 3M COMPANY COM 88579Y101 283,590 2,300 SH SOLE 2,300 Line Count: 214