13F-HR 1 shufrorose03312003.txt FIRST QUARTER 2003 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, 2003 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 April 24, 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: 03/31/03 RUN DATE: 4/24/03 11:17 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 218 FORM 13F INFORMATION TABLE VALUE TOTAL: $517,678,857.54 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 3/31/2003 - 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 2,151,119 2,335,000 PRN SOLE 2,335,000 STANDARD COML CV 7.25% 3-31-07 CONV BND 853258AA9 3,424,410 3,459,000 PRN SOLE 3,459,000 DOMINION RES 9.5% CONV PFD CONV PFD 25746U208 682,879 12,700 SH SOLE 12,700 ABBOTT LABORATORIES COM 002824100 7,062,293 187,777 SH SOLE 187,777 ADAPTEC COM 00651F108 1,708,148 283,275 SH SOLE 283,275 ADVANCED DIGITAL INFORMATION COM 007525108 151,580 22,000 SH SOLE 22,000 AGILENT TECHNOLOGIES COM 00846U101 233,465 17,754 SH SOLE 17,754 AGRIUM INC COM 008916108 10,412,009 968,559 SH SOLE 968,559 ALEXANDER & BALDWIN COM 014482103 2,548,150 102,500 SH SOLE 102,500 ALLEGHANY CORP COM 017175100 6,268,841 38,283 SH SOLE 38,283 ALLMERICA FINANCIAL COM 019754100 3,220,306 229,530 SH SOLE 229,530 AMERICAN EXPRESS COM 025816109 1,631,925 49,110 SH SOLE 49,110 AMERICAN POWER CONVERSION COM 029066107 156,640 11,000 SH SOLE 11,000 AOL TIME WARNER COM 00184A105 988,021 90,978 SH SOLE 90,978 APARTMENT INVESTMENT & MGMT COM 03748R101 326,496 8,950 SH SOLE 8,950 APPLIED MATERIALS COM 038222105 2,336,395 185,723 SH SOLE 185,723 APRIA HEALTH GROUP COM 037933108 357,058 15,285 SH SOLE 15,285 ASCENTIAL SOFTWARE COM 04362P108 1,443,120 515,400 SH SOLE 515,400 ASYST TECHNOLOGIES COM 04648X107 1,788,329 329,950 SH SOLE 329,950 AT&T WIRELESS SERVICES COM 00209A106 121,579 18,421 SH SOLE 18,421 ATI TECHNOLOGIES COM 001941103 527,364 102,600 SH SOLE 102,600 AUDIOVOXX CLASS A - NEW COM 050757103 288,990 39,000 SH SOLE 39,000 AUTODESK COM 052769106 213,640 14,000 SH SOLE 14,000 AUTOMATIC DATA PROCESSING COM 053015103 914,155 29,690 SH SOLE 29,690 AVNET COM 053807103 235,119 22,435 SH SOLE 22,435 BALDWIN TECHNOLOGY COM 058264102 122,640 408,800 SH SOLE 408,800 BANTA CORP COM 066821109 4,032,864 136,800 SH SOLE 136,800 BELLSOUTH COM 079860102 601,191 27,743 SH SOLE 27,743 BERKSHIRE BANCORP COM 084597103 248,544 7,702 SH SOLE 7,702 BERKSHIRE HATHAWAY B SHARES COM 084670207 5,173,677 2,421 SH SOLE 2,421 BIG LOTS COM 089302103 7,760,981 689,865 SH SOLE 689,865 BLOCKBUSTER INC COM 093679108 761,805 44,550 SH SOLE 44,550 BOMBAY STORES COM 097924104 7,093,066 1,301,480 SH SOLE 1,301,480 BORLAND SOFTWARE COM 099849101 536,286 58,292 SH SOLE 58,292 BOSTON ACOUSTICS COM 100534106 880,780 93,700 SH SOLE 93,700 BP PLC COM 055622104 1,569,725 40,677 SH SOLE 40,677 BRISTOL-MYERS SQUIBB COM 110122108 5,960,604 282,092 SH SOLE 282,092 BROOKTROUT INC COM 114580103 115,440 24,000 SH SOLE 24,000 CANADIAN NATURAL RESOURCES COM 136385101 3,469,734 102,051 SH SOLE 102,051 CARNIVAL CRUISE LINES COM 143658102 1,073,136 44,510 SH SOLE 44,510 CELERITEK INC COM 150926103 2,558,115 338,375 SH SOLE 338,375 CELLSTAR NEW COM 150925204 112,549 15,460 SH SOLE 15,460 CH ENERGY GROUP COM 12541M102 1,820,038 43,646 SH SOLE 43,646 CHARMING SHOPPES COM 161133103 2,141,650 611,900 SH SOLE 611,900 CHEVRONTEXACO COM 166764100 1,711,479 26,473 SH SOLE 26,473 CIRRUS LOGIC COM 172755100 22,110 11,000 SH SOLE 11,000 CISCO SYSTEMS COM 17275R102 217,882 16,786 SH SOLE 16,786 CITIGROUP COM 172967101 1,433,981 41,625 SH SOLE 41,625 COHU INC COM 192576106 146,300 10,000 SH SOLE 10,000 COMCAST NEW CLASS A COM 20030N101 502,040 17,560 SH SOLE 17,560 COMFORT SYSTEMS USA COM 199908104 39,780 18,000 SH SOLE 18,000 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 3/31/2003 - 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 CONCERTO SOFTWARE COM 20602T106 3,229,545 587,190 SH SOLE 587,190 CONCORD CAMERA COM 206156101 630,258 125,800 SH SOLE 125,800 CONSOLIDATED EDISON COM 209115104 279,985 7,278 SH SOLE 7,278 CONSOLIDATED TOMOKA LAND COM 210226106 1,144,665 54,900 SH SOLE 54,900 CONSUMERS FINANCIAL CORP COM 210520102 5,850 19,500 SH SOLE 19,500 COOLBRANDS INTL SUB VTG SHS COM 21639P208 306,979 62,700 SH SOLE 62,700 CORNING COM 219350105 1,676,903 287,141 SH SOLE 287,141 COVANSYS CORP COM 22281W103 665,259 280,700 SH SOLE 280,700 CRAFTMADE INTERNATIONAL COM 22413E104 2,774,019 194,668 SH SOLE 194,668 CREDENCE SYSTEMS COM 225302108 3,187,908 468,810 SH SOLE 468,810 DEL MONTE FOODS COM 24522P103 1,344,217 180,190 SH SOLE 180,190 DEPARTMENT 56 COM 249509100 5,578,644 568,090 SH SOLE 568,090 DISNEY WALT COM 254687106 9,593,204 563,643 SH SOLE 563,643 DUKE ENERGY COM 264399106 5,304,628 364,830 SH SOLE 364,830 DUPONT COM 263534109 28,182,321 725,227 SH SOLE 725,227 ELECTRONIC CLEARING HOUSE COM 285562500 25,606 10,625 SH SOLE 10,625 EL PASO ELECTRIC COM 283677854 7,404,480 685,600 SH SOLE 685,600 ETHAN ALLEN INTERIORS COM 297602104 8,798,422 298,961 SH SOLE 298,961 EXXON MOBIL COM 30231G102 27,855,045 796,997 SH SOLE 796,997 FIRST DATA COM 319963104 672,472 18,170 SH SOLE 18,170 FIRST NATIONAL BANK ALASKA COM 32112J106 2,646,150 1,794 SH SOLE 1,794 FLEETBOSTON FINANCIAL COM 339030108 476,645 19,960 SH SOLE 19,960 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 2,416,966 277,175 SH SOLE 277,175 FORD MOTOR CO COM 345370860 157,100 20,891 SH SOLE 20,891 FRANKLIN CE LTD COM 125151100 436,310 189,700 SH SOLE 189,700 FRESH BRANDS COM 35803U108 152,375 11,500 SH SOLE 11,500 GANNETT CO COM 364730101 1,052,435 14,943 SH SOLE 14,943 GAP INC COM 364760108 10,814,249 746,325 SH SOLE 746,325 GENENCOR INTERNATIONAL COM 368709101 1,015,000 100,000 SH SOLE 100,000 GENERAL ELECTRIC COM 369604103 46,188,762 1,811,324 SH SOLE 1,811,324 GENERAL MOTORS COM 370442105 2,728,129 81,146 SH SOLE 81,146 GERMANY FUND COM 374143105 1,957,309 493,025 SH SOLE 493,025 GIGA TRONICS COM 375175106 20,864 16,300 SH SOLE 16,300 GLATFELTER COM 377316104 3,703,327 347,404 SH SOLE 347,404 GLENAYRE TECHNOLOGIES COM 377899109 254,214 292,200 SH SOLE 292,200 GLOBAL INDUSTRIES COM 379336100 251,174 53,900 SH SOLE 53,900 GOODYEAR TIRE & RUBBER COM 382550101 62,567 12,102 SH SOLE 12,102 GREAT LAKES CHEMICAL COM 390568103 4,942,053 222,615 SH SOLE 222,615 GREATER CHINA FUND COM 39167B102 163,725 18,500 SH SOLE 18,500 GSI LUMONICS COM 36229U102 472,080 112,400 SH SOLE 112,400 GUIDANT COM 401698105 9,597,706 265,130 SH SOLE 265,130 H & Q LIFE SCIENCES COM 404053100 188,755 15,396 SH SOLE 15,396 HANSON INDUSTRIES ADR COM 411352404 3,329,790 135,633 SH SOLE 135,633 HEWLETT PACKARD COM 428236103 4,429,029 284,825 SH SOLE 284,825 HOLLINGER COM 435569108 89,389 11,315 SH SOLE 11,315 HOME DEPOT COM 437076102 3,000,129 123,158 SH SOLE 123,158 HORIZON OFFSHORE COM 44043J105 265,540 78,100 SH SOLE 78,100 HUDSON UNITED BANCORP COM 444165104 1,549,209 50,299 SH SOLE 50,299 HUNTCO CLASS A COM 445661101 0 14,800 SH SOLE 14,800 IGEN INTERNATIONAL COM 449536101 700,722 19,800 SH SOLE 19,800 INTEL COM 458140100 550,443 33,811 SH SOLE 33,811 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 3/31/2003 - 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 INTL BUSINESS MACHINES COM 459200101 5,619,902 71,655 SH SOLE 71,655 INTERNATIONAL PAPER COM 460146103 608,163 17,993 SH SOLE 17,993 INTERNATIONAL RECTIFIER COM 460254105 334,390 17,000 SH SOLE 17,000 JAPAN SMALLER CAP FUND COM 47109U104 1,192,061 195,100 SH SOLE 195,100 JOHNSON & JOHNSON COM 478160104 645,366 11,152 SH SOLE 11,152 KEMET CORP COM 488360108 1,361,100 174,500 SH SOLE 174,500 KIMBERLY-CLARK COM 494368103 2,444,975 53,783 SH SOLE 53,783 KIRBY CORP COM 497266106 7,022,070 285,450 SH SOLE 285,450 KREISLER MANUFACTURING CORP COM 500773106 86,730 15,769 SH SOLE 15,769 LABOR READY COM 505401208 188,100 33,000 SH SOLE 33,000 LAZARE KAPLAN INTL COM 521078105 1,548,171 288,300 SH SOLE 288,300 LENNOX INTERNATIONAL COM 526107107 191,808 13,320 SH SOLE 13,320 LIBERTY MEDIA COM 530718105 419,733 43,138 SH SOLE 43,138 LINENS N THINGS COM 535679104 6,328,969 311,465 SH SOLE 311,465 LOUISIANA PACIFIC COM 546347105 81,679 10,300 SH SOLE 10,300 LUCENT TECHNOLOGIES COM 549463107 37,119 25,251 SH SOLE 25,251 M & T BANK COM 55261F104 8,359,733 106,385 SH SOLE 106,385 MACDERMID COM 554273102 2,427,415 118,700 SH SOLE 118,700 MACROMEDIA INC COM 556100105 652,320 54,000 SH SOLE 54,000 MATTSON TECHNOLOGY COM 577223100 845,017 464,295 SH SOLE 464,295 MELLON FINANCIAL COM 58551A108 1,068,506 50,259 SH SOLE 50,259 MERCK & CO COM 589331107 6,917,728 126,282 SH SOLE 126,282 MERIDIAN RESOURCE CORP COM 58977Q109 27,025 23,500 SH SOLE 23,500 MERRILL LYNCH COM 590188108 5,145,992 145,367 SH SOLE 145,367 MFRI INC COM 552721102 467,500 275,000 SH SOLE 275,000 MICHAELS STORES COM 594087108 492,697 19,700 SH SOLE 19,700 MICROSOFT COM 594918104 1,013,043 41,844 SH SOLE 41,844 MIDWAY GAMES COM 598148104 57,925 17,500 SH SOLE 17,500 MILBROOK PRESS COM 600179105 480,414 276,100 SH SOLE 276,100 MILLEA HOLDINGS COM 60032R106 4,614,191 150,055 SH SOLE 150,055 MONACO COACH COM 60886R103 3,660,499 353,330 SH SOLE 353,330 MONMOUTH REAL ESTATE INVT CORP COM 609720107 172,020 23,500 SH SOLE 23,500 MONY GROUP COM 615337102 4,838,350 231,500 SH SOLE 231,500 MORGAN CHASE J P & CO COM 46625H100 10,548,484 444,896 SH SOLE 444,896 MOTOROLA COM 620076109 151,373 18,326 SH SOLE 18,326 MOVADO GROUP COM 624580106 4,412,180 232,220 SH SOLE 232,220 MSC SOFTWARE COM 553531104 103,850 13,400 SH SOLE 13,400 MUNICIPAL PARTNERS FUND COM 62622C101 300,375 22,500 SH SOLE 22,500 NEOMAGIC CORP COM 640497103 409,984 320,300 SH SOLE 320,300 NETWORK EQUIPMENT TECHNOLOGIES COM 641208103 3,549,348 588,615 SH SOLE 588,615 NEW GERMANY FUND COM 644465106 1,643,622 464,300 SH SOLE 464,300 NEW PLAN EXCEL REALTY TRUST COM 648053106 318,338 16,250 SH SOLE 16,250 NOVELL COM 670006105 97,662 45,424 SH SOLE 45,424 NOVELLUS SYSTEMS COM 670008101 401,769 14,733 SH SOLE 14,733 OAK TECHNOLOGY COM 671802106 3,733,257 1,057,580 SH SOLE 1,057,580 OCE NV ADR COM 674627203 127,200 16,000 SH SOLE 16,000 OFFICEMAX INC COM 67622M108 918,245 178,300 SH SOLE 178,300 ON ASSIGNMENT INC COM 682159108 604,467 142,900 SH SOLE 142,900 ORTHOLOGIC CORP COM 68750J107 67,122 19,800 SH SOLE 19,800 PARAMETRIC TECHNOLOGY COM 699173100 349,370 161,000 SH SOLE 161,000 PAREXEL INTERNATIONAL COM 699462107 140,013 10,205 SH SOLE 10,205 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 3/31/2003 - 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 PEABODY ENERGY COM 704549104 8,682,994 311,330 SH SOLE 311,330 PEPSICO INC COM 713448108 1,652,360 41,309 SH SOLE 41,309 PERKINELMER COM 714046109 5,059,921 569,170 SH SOLE 569,170 PETSMART COM 716768106 197,190 15,650 SH SOLE 15,650 PFIZER INC COM 717081103 6,478,444 207,909 SH SOLE 207,909 PHARMACIA COM 71713U102 364,153 8,410 SH SOLE 8,410 PIONEER STANDARD ELECTRONICS COM 723877106 92,840 11,000 SH SOLE 11,000 PROCTER & GAMBLE COM 742718109 222,625 2,500 SH SOLE 2,500 REGAL BELOIT COM 758750103 2,599,638 169,800 SH SOLE 169,800 REPUBLIC FIRST BANCORP COM 760416107 88,800 12,000 SH SOLE 12,000 RFS HOTEL INVESTORS COM 74955J108 97,000 10,000 SH SOLE 10,000 ROBOTIC VISION SYSTEMS COM 771074101 30,525 165,000 SH SOLE 165,000 ROYAL DUTCH PETROLEUM COM 780257804 434,395 10,660 SH SOLE 10,660 ROYCE VALUE TRUST COM 780910105 2,666,237 218,544 SH SOLE 218,544 SAFEWAY COM 786514208 280,069 14,795 SH SOLE 14,795 SARA LEE COM 803111103 443,527 23,718 SH SOLE 23,718 SBC COMMUNICATIONS COM 78387G103 1,219,066 60,771 SH SOLE 60,771 SCHLUMBERGER LTD COM 806857108 443,197 11,660 SH SOLE 11,660 SCIENCE DYNAMICS COM 808631105 3,217 37,850 SH SOLE 37,850 SCIENTIFIC GAMES CLASS A COM 80874P109 651,294 120,610 SH SOLE 120,610 SCM MICROSYSTEMS COM 784018103 85,000 34,000 SH SOLE 34,000 SERVICE CORP INTL COM 817565104 126,490 45,500 SH SOLE 45,500 SIFCO INDUSTRIES COM 826546103 87,900 58,600 SH SOLE 58,600 SIMPLETECH COM 828823104 45,000 18,000 SH SOLE 18,000 SMART & FINAL INC COM 831683107 59,400 18,000 SH SOLE 18,000 SOLECTRON CORP COM 834182107 48,021 15,901 SH SOLE 15,901 SOTHEBYS HOLDINGS COM 835898107 1,148,280 125,085 SH SOLE 125,085 SPARTON CORP COM 847235108 403,835 50,925 SH SOLE 50,925 STARRETT L S COM 855668109 2,654,400 189,600 SH SOLE 189,600 STEIN MART COM 858375108 147,900 29,000 SH SOLE 29,000 STEWART & STEVENSON SERVICES COM 860342104 3,008,400 276,000 SH SOLE 276,000 STOLT OFFSHORE COM 861567105 15,930 13,500 SH SOLE 13,500 SWISS HELVETIA FUND COM 870875101 5,005,018 564,900 SH SOLE 564,900 SYMBOL TECHNOLOGIES COM 871508107 114,513 13,300 SH SOLE 13,300 SYMMETRICOM INC COM 871543104 2,511,349 662,625 SH SOLE 662,625 SYSTEMAX INC COM 871851101 39,800 20,000 SH SOLE 20,000 TECUMSEH PRODUCTS CLASS A COM 878895200 4,271,345 104,230 SH SOLE 104,230 TECUMSEH PRODUCTS CLASS B COM 878895101 359,720 9,200 SH SOLE 9,200 TELLABS COM 879664100 2,925,253 505,225 SH SOLE 505,225 TERADYNE COM 880770102 399,252 34,300 SH SOLE 34,300 TIMBERLINE SOFTWARE COM 887134104 76,500 17,000 SH SOLE 17,000 TMP WORLDWIDE COM 872941109 450,660 42,000 SH SOLE 42,000 TRANSACTION SYSTEMS ARCHITECTS COM 893416107 2,766,852 465,800 SH SOLE 465,800 TRANSOCEAN COM G90078109 7,392,859 361,509 SH SOLE 361,509 TRENWICK GROUP LTD BERMUDA COM G9032C109 12,048 100,400 SH SOLE 100,400 TRINITY INDUSTRIES COM 896522109 5,507,817 319,850 SH SOLE 319,850 TWIN DISC COM 901476101 2,824,920 247,800 SH SOLE 247,800 UNION PACIFIC COM 907818108 11,422,950 207,690 SH SOLE 207,690 USEC INC COM 90333E108 4,596,763 835,775 SH SOLE 835,775 VARIAN INC COM 922206107 8,929,023 311,550 SH SOLE 311,550 VERITAS DGC COM 92343P107 128,678 19,350 SH SOLE 19,350 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 3/31/2003 - 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 VERIZON COMMUNICATIONS COM 92343V104 526,185 14,885 SH SOLE 14,885 VIRBAC CORP COM 927649103 109,620 21,000 SH SOLE 21,000 VISHAY INTERTECHNOLOGY COM 928298108 112,998 11,100 SH SOLE 11,100 VISTEON COM 92839U107 2,325,118 391,434 SH SOLE 391,434 VITESSE SEMICONDUCTOR COM 928497106 647,992 302,800 SH SOLE 302,800 VODAFONE GROUP PLC NEW COM 92857W100 1,018,134 55,880 SH SOLE 55,880 WAL-MART STORES COM 931142103 988,570 19,000 SH SOLE 19,000 WASHINGTON MUTUAL COM 939322103 1,239,635 35,147 SH SOLE 35,147 WORLDCOM - GA NEW COM 98157D106 23,548 186,892 SH SOLE 186,892 WYETH COM 983024100 1,339,357 35,414 SH SOLE 35,414 XCEL ENERGY COM 98389B100 192,867 15,056 SH SOLE 15,056 YUM BRANDS COM 988498101 741,432 30,474 SH SOLE 30,474 3COM COM 885535104 50,409 10,225 SH SOLE 10,225 3M COMPANY COM 88579Y101 291,267 2,240 SH SOLE 2,240 Line Count: 218