-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O38zYWPRURoJmjSl/30urTdS8VEOHt1yYdtKJ55spI57HOey24ScJ/AjqItVuXRH Y5GR5gKIVQ+H24KVXoa83g== 0000908195-05-000001.txt : 20050215 0000908195-05-000001.hdr.sgml : 20050215 20050215112511 ACCESSION NUMBER: 0000908195-05-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041231 FILED AS OF DATE: 20050215 DATE AS OF CHANGE: 20050215 EFFECTIVENESS DATE: 20050215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHUFRO ROSE & CO LLC CENTRAL INDEX KEY: 0000908195 IRS NUMBER: 135390713 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04541 FILM NUMBER: 05615434 BUSINESS ADDRESS: STREET 1: 745 FIFTH AVENUE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10151-2600 BUSINESS PHONE: 2127545100 MAIL ADDRESS: STREET 1: 745 FIFTH AVENUE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10151-2600 FORMER COMPANY: FORMER CONFORMED NAME: SHUFRO ROSE EHRMAN DATE OF NAME CHANGE: 19930624 13F-HR 1 shufrorose12312004.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, 2004 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 15, 2005 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: 12/31/04 RUN DATE: 2/15/05 11:17 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 283 FORM 13F INFORMATION TABLE VALUE TOTAL: $822,247,005.70 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Shufro, Rose & CO LLC Page: 1 Form 13F Information Table As of Date: 12/31/2004 - - 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 3,003,000 3,003,000 PRN SOLE 370,000 STATE STREET 6.75% SPACES CONV PFD 857477202 2,332,960 10,415 SH SOLE 550 ABB LTD SPONSORED ADR COM 000375204 87,730 15,500 SH SOLE 6,000 ABBOTT LABORATORIES COM 002824100 9,645,541 206,764 SH SOLE 22,355 ACTION PERFORMANCE COMPANIES COM 004933107 2,809,044 255,600 SH SOLE 145,900 ADAPTEC COM 00651F108 3,091,597 407,325 SH SOLE 321,775 ADVANCED DIGITAL INFORMATION COM 007525108 445,890 44,500 SH SOLE 4,000 AGILENT TECHNOLOGIES COM 00846U101 316,457 13,131 SH SOLE 1,029 AGILYSYS COM 00847J105 202,252 11,800 SH SOLE 3,800 AGRIUM INC COM 008916108 14,437,754 856,840 SH SOLE 41,075 ALASKA PACIFIC BANCSHARES COM 011757101 590,520 26,600 SH SOLE 4,000 ALLEGHANY CORP COM 017175100 8,168,419 28,636 SH SOLE 1,353 ALLEGHENY ENERGY COM 017361106 3,883,856 197,050 SH SOLE 0 ALLEN ORGAN CLASS B COM 017753104 470,750 7,000 SH SOLE 500 AMERICAN EXPRESS COM 025816109 3,398,547 60,290 SH SOLE 3,300 AMERICAN POWER CONVERSION COM 029066107 8,127,827 379,805 SH SOLE 7,225 AON CORP COM 037389103 3,972,690 166,500 SH SOLE 13,500 APACHE COM 037411105 884,975 17,500 SH SOLE 0 APPLIED MATERIALS COM 038222105 3,364,716 196,767 SH SOLE 5,180 APRIA HEALTH GROUP COM 037933108 448,944 13,625 SH SOLE 450 ASYST TECHNOLOGIES COM 04648X107 560,485 110,115 SH SOLE 101,860 AUTOMATIC DATA PROCESSING COM 053015103 514,460 11,600 SH SOLE 1,000 BALLYS TOTAL FITNESS COM 05873K108 289,592 68,300 SH SOLE 68,300 BANKNORTH GROUP COM 06646R107 1,205,970 32,950 SH SOLE 4,500 BANK OF AMERICA COM 060505104 1,682,994 35,816 SH SOLE 2,000 BAR HARBOR BANKSHARES COM 066849100 2,072,070 71,500 SH SOLE 1,700 BEARINGPOINT COM 074002106 806,814 100,475 SH SOLE 97,850 BEAR STEARNS COMPANIES COM 073902108 613,860 6,000 SH SOLE 1,000 BELLSOUTH COM 079860102 498,247 17,929 SH SOLE 0 BERKSHIRE BANCORP COM 084597202 1,443,610 70,420 SH SOLE 14,100 BERKSHIRE HATHAWAY A SHARES COM 084670108 1,758,000 20 SH SOLE 0 BERKSHIRE HATHAWAY B SHARES COM 084670207 6,999,424 2,384 SH SOLE 156 BIG LOTS COM 089302103 11,408,447 940,515 SH SOLE 121,535 BJS WHOLESALE CLUB COM 05548J106 728,250 25,000 SH SOLE 0 BLACKROCK VENTURES COM 091917104 305,800 50,000 SH SOLE 0 BORLAND SOFTWARE COM 099849101 295,504 25,300 SH SOLE 14,000 BOSTON ACOUSTICS COM 100534106 1,873,905 135,300 SH SOLE 7,200 BOSTON COMMUNICATIONS GROUP COM 100582105 794,640 86,000 SH SOLE 86,000 BP PLC COM 055622104 1,730,392 29,630 SH SOLE 0 BRISTOL-MYERS SQUIBB COM 110122108 867,468 33,859 SH SOLE 0 BROOKS AUTOMATION COM 114340102 3,440,763 199,812 SH SOLE 195,000 BROWN SHOE COMPANY COM 115736100 9,316,953 312,335 SH SOLE 15,625 BRUKER BIOSCIENCES COM 116794108 311,116 77,200 SH SOLE 77,200 CAPITOL BANCORP LTD COM 14056D105 817,104 23,200 SH SOLE 2,000 CARNIVAL CRUISE LINES COM 143658300 1,118,022 19,400 SH SOLE 1,300 CARRIAGE SERVICES COM 143905107 451,516 91,400 SH SOLE 2,800 CASUAL MALE RETAIL GROUP COM 148711104 978,275 179,500 SH SOLE 100 CBRL GROUP COM 12489V106 16,152,008 385,950 SH SOLE 12,700 CENTRAL PACIFIC FINANCIAL COM 154760102 958,505 26,500 SH SOLE 2,500 CHARMING SHOPPES COM 161133103 9,160,112 977,600 SH SOLE 59,000 CHEMICAL FINANCIAL COM 163731102 1,034,372 24,100 SH SOLE 2,000 Shufro, Rose & CO LLC Page: 2 Form 13F Information Table As of Date: 12/31/2004 - - 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 CHEVRONTEXACO COM 166764100 2,468,128 47,003 SH SOLE 650 CISCO SYSTEMS COM 17275R102 486,572 25,211 SH SOLE 53 CITIGROUP COM 172967101 2,792,465 57,959 SH SOLE 1,660 CITIZENS BANKING COM 174420109 504,945 14,700 SH SOLE 1,500 CITY INVESTING LIQUIDATING TR COM 177900107 36,875 19,106 SH SOLE 0 COCA-COLA COM 191216100 272,885 6,555 SH SOLE 0 COINSTAR INC COM 19259P300 6,101,276 227,405 SH SOLE 16,500 COLGATE PALMOLIVE COM 194162103 3,005,394 58,745 SH SOLE 0 COLLINS-AIKMAN COM 194830204 123,388 28,300 SH SOLE 28,300 COMCAST NEW CLASS A COM 20030N101 902,587 27,121 SH SOLE 3,100 CONCORD CAMERA COM 206156101 218,695 95,500 SH SOLE 95,500 CONSOLIDATED EDISON COM 209115104 230,519 5,269 SH SOLE 0 CONVERGYS CORP COM 212485106 1,416,555 94,500 SH SOLE 92,000 COOLBRANDS INTL SUB VTG SHS COM 21639P208 2,169,695 285,900 SH SOLE 38,500 CORNING COM 219350105 3,346,446 284,320 SH SOLE 17,375 CRAFTMADE INTERNATIONAL COM 22413E104 1,395,123 70,743 SH SOLE 16,800 CRAY COM 225223106 337,384 72,400 SH SOLE 7,500 CREDENCE SYSTEMS COM 225302108 9,096,610 994,165 SH SOLE 452,645 CURAGEN COM 23126R101 114,560 16,000 SH SOLE 7,000 DATA I/O CORP COM 237690102 105,435 35,500 SH SOLE 10,000 DEL MONTE FOODS COM 24522P103 6,840,114 620,700 SH SOLE 31,800 DEPARTMENT 56 COM 249509100 10,305,434 618,945 SH SOLE 36,975 DIAMOND OFFSHORE COM 25271C102 9,322,839 232,780 SH SOLE 5,060 DISNEY WALT COM 254687106 14,195,041 510,613 SH SOLE 6,400 DOLLAR TREE STORES COM 256747106 831,720 29,000 SH SOLE 29,000 DUKE ENERGY COM 264399106 500,268 19,750 SH SOLE 2,500 DUPONT COM 263534109 26,781,202 545,998 SH SOLE 16,173 EAGLE BROADBAND COM 269437109 19,800 30,000 SH SOLE 0 EDWARDS A G COM 281760108 756,175 17,500 SH SOLE 1,000 EL PASO ELECTRIC COM 283677854 14,230,380 751,340 SH SOLE 42,485 EMERSON ELECTRIC COM 291011104 217,310 3,100 SH SOLE 0 ENESCO GROUP COM 292973104 308,656 38,200 SH SOLE 38,200 ENSCO INTERNATIONAL COM 26874Q100 498,318 15,700 SH SOLE 2,500 ENZO BIOCHEM COM 294100102 859,776 44,159 SH SOLE 4,520 ESPEED INC COM 296643109 2,451,734 198,200 SH SOLE 75,000 ESS TECHNOLOGY COM 269151106 2,787,476 392,050 SH SOLE 175,400 ETHAN ALLEN INTERIORS COM 297602104 11,639,417 290,840 SH SOLE 12,720 EXXON MOBIL COM 30231G102 24,895,547 485,672 SH SOLE 6,400 FAMILY DOLLAR STORES COM 307000109 1,647,383 52,750 SH SOLE 0 FEDDERS CORP NEW COM 313135501 72,400 20,000 SH SOLE 20,000 FEDERAL SIGNAL COM 313855108 7,337,024 415,460 SH SOLE 21,500 FIRST CONSULTING GROUP COM 31986R103 1,983,001 324,550 SH SOLE 68,300 FIRST DATA COM 319963104 1,074,986 25,270 SH SOLE 2,000 FIRST HORIZON NATIONAL COM 320517105 620,784 14,400 SH SOLE 2,000 FIRST INDUSTRIAL REALTY TRUST COM 32054K103 303,439 7,450 SH SOLE 3,000 FIRST MIDWEST FINANCIAL COM 320878101 431,520 18,600 SH SOLE 4,600 FIRST NATIONAL BANK ALASKA COM 32112J106 6,787,110 2,882 SH SOLE 160 FIRST NIAGARA FINANCIAL COM 33582V108 6,785,978 486,450 SH SOLE 23,900 FLEXTRONICS INTERNATIONAL LTD COM Y2573F102 13,286,050 961,364 SH SOLE 148,630 FORD MOTOR CO COM 345370860 222,264 15,182 SH SOLE 0 FOSSIL INC COM 349882100 2,258,371 88,080 SH SOLE 8,000 Shufro, Rose & CO LLC Page: 3 Form 13F Information Table As of Date: 12/31/2004 - - 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 FOUNDRY NETWORKS COM 35063R100 368,480 28,000 SH SOLE 28,000 FRANKLIN CE LTD COM 125151100 144,942 35,700 SH SOLE 35,400 FRESH BRANDS COM 35803U108 627,828 81,010 SH SOLE 6,500 GARTNER GROUP CL A COM 366651107 124,600 10,000 SH SOLE 10,000 GENENCOR INTERNATIONAL COM 368709101 872,480 53,200 SH SOLE 10,000 GENERAL ELECTRIC COM 369604103 59,297,645 1,624,593 SH SOLE 24,317 GENERAL MOTORS COM 370442105 325,047 8,114 SH SOLE 600 GENESCO COM 371532102 1,136,610 36,500 SH SOLE 36,500 GERMANY FUND COM 374143105 5,489,051 676,825 SH SOLE 45,600 GERON CORP COM 374163103 152,227 19,100 SH SOLE 12,000 GETTY REALTY COM 374297109 239,838 8,348 SH SOLE 0 GIGA TRONICS COM 375175106 39,277 18,100 SH SOLE 18,100 GLATFELTER COM 377316104 492,841 32,254 SH SOLE 0 GLENBOROUGH REALTY TRUST COM 37803P105 357,504 16,800 SH SOLE 2,500 GLOBAL AIRCRAFT SOLUTIONS COM 378964100 15,800 20,000 SH SOLE 20,000 GLOBAL INDUSTRIES COM 379336100 13,952,899 1,683,100 SH SOLE 567,900 GOODYEAR TIRE & RUBBER COM 382550101 439,844 30,003 SH SOLE 1,340 GREATER CHINA FUND COM 39167B102 431,550 27,400 SH SOLE 5,000 H & Q LIFE SCIENCES COM 404053100 162,906 10,278 SH SOLE 7,678 HAIN CELESTIAL GROUP COM 405217100 276,647 13,384 SH SOLE 4,000 HANSON PLC COM 411349103 4,649,061 108,294 SH SOLE 500 HEALTH FITNESS COM 42217V102 43,500 15,000 SH SOLE 15,000 HEARST-ARGYLE TELEVISION COM 422317107 5,450,108 206,600 SH SOLE 11,500 HELMERICH & PAYNE COM 423452101 265,512 7,800 SH SOLE 1,000 HEWLETT PACKARD COM 428236103 11,762,996 560,944 SH SOLE 11,815 HNI CORPORATION COM 404251100 206,640 4,800 SH SOLE 0 HOME DEPOT COM 437076102 4,933,350 115,427 SH SOLE 5,500 HUMAN GENOME SCIENCES COM 444903108 260,858 21,702 SH SOLE 7,000 HYBRIDON INC COM 44860M801 57,840 120,500 SH SOLE 22,500 IMMERSION CORP COM 452521107 407,511 55,900 SH SOLE 0 INFORMATICA COM 45666Q102 626,052 77,100 SH SOLE 77,100 INNOVO GROUP COM 457954600 151,800 60,000 SH SOLE 10,000 INTEL COM 458140100 1,268,323 54,225 SH SOLE 200 INTERPOOL INC COM 46062R108 10,706,160 446,090 SH SOLE 21,415 INTERPUBLIC GROUP OF COMPANIES COM 460690100 1,179,200 88,000 SH SOLE 88,000 INTL BUSINESS MACHINES COM 459200101 7,437,664 75,448 SH SOLE 3,200 INTERNATIONAL PAPER COM 460146103 724,584 17,252 SH SOLE 1,100 INTRADO COM 46117A100 387,200 32,000 SH SOLE 0 IRIDEX CORP COM 462684101 55,120 13,000 SH SOLE 6,000 IVAX COM 465823102 185,885 11,750 SH SOLE 0 JAMESON INNS COM 470457102 39,400 20,000 SH SOLE 12,600 JAPAN EQUITY FUND COM 471057109 5,553,696 836,400 SH SOLE 70,500 JOHNSON & JOHNSON COM 478160104 5,555,338 87,596 SH SOLE 1,000 KEMET CORP COM 488360108 3,454,700 386,000 SH SOLE 219,800 KENDLE INTERNATIONAL COM 48880L107 2,816,880 320,100 SH SOLE 80,000 KEYSPAN CORP COM 49337W100 254,768 6,458 SH SOLE 0 KIMBERLY-CLARK COM 494368103 970,039 14,740 SH SOLE 0 KREISLER MANUFACTURING COM 500773106 192,978 36,969 SH SOLE 9,769 KULICKE & SOFFA INDUSTRIES COM 501242101 176,710 20,500 SH SOLE 5,000 KYOCERA CORP ADR COM 501556203 1,243,227 16,150 SH SOLE 0 LADISH CO COM 505754200 120,645 10,500 SH SOLE 5,000 Shufro, Rose & CO LLC Page: 4 Form 13F Information Table As of Date: 12/31/2004 - - 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 LAZARE KAPLAN INTL COM 521078105 670,455 70,500 SH SOLE 21,200 LENNOX INTERNATIONAL COM 526107107 521,164 25,610 SH SOLE 900 LIBBEY INC COM 529898108 222,100 10,000 SH SOLE 0 LIBERTY MEDIA COM 530718105 12,135,645 1,105,250 SH SOLE 61,320 LIBERTY MEDIA INTL A COM 530719103 645,694 13,967 SH SOLE 558 LINCOLN NATIONAL COM 534187109 383,896 8,224 SH SOLE 0 LINENS N THINGS COM 535679104 10,259,140 413,675 SH SOLE 18,875 LSI LOGIC COM 502161102 1,312,460 239,500 SH SOLE 230,200 LUCENT TECHNOLOGIES COM 549463107 230,420 61,282 SH SOLE 21,300 M & T BANK COM 55261F104 14,136,746 131,090 SH SOLE 5,554 MAKITA CORP COM 560877300 796,975 44,900 SH SOLE 900 MANULIFE FINANCIAL COM 56501R106 218,064 4,720 SH SOLE 4,020 MARSH & MCLENNAN COM 571748102 375,060 11,400 SH SOLE 500 MAXTOR CORP COM 577729205 378,950 71,500 SH SOLE 6,000 MEADOWBROOK INSURANCE GROUP COM 58319P108 139,720 28,000 SH SOLE 7,500 MELLON FINANCIAL COM 58551A108 1,262,226 40,573 SH SOLE 4,000 MERCK & CO COM 589331107 994,026 30,928 SH SOLE 4,650 MERIX CORP COM 590049102 172,800 15,000 SH SOLE 15,000 MERRILL LYNCH COM 590188108 13,193,929 220,745 SH SOLE 73,775 METLIFE COM 59156R108 8,688,382 214,475 SH SOLE 10,010 MFRI INC COM 552721102 355,200 32,000 SH SOLE 22,000 MFS CHARTER INCOME TRUST COM 552727109 765,576 86,800 SH SOLE 0 MICHAELS STORES COM 594087108 579,920 19,350 SH SOLE 4,000 MICROSOFT COM 594918104 1,662,804 62,254 SH SOLE 2,600 MILLEA HOLDINGS COM 60032R106 447,654 6,000 SH SOLE 1,000 MONMOUTH REAL ESTATE INVT CORP COM 609720107 467,954 54,350 SH SOLE 13,000 JPMORGAN CHASE & CO COM 46625H100 19,557,781 501,353 SH SOLE 6,015 MORGAN STANLEY ASIA PACIFIC FD COM 61744U106 2,125,179 165,900 SH SOLE 6,600 MOVADO GROUP COM 624580106 7,959,820 426,800 SH SOLE 19,800 MSC SOFTWARE COM 553531104 349,698 33,400 SH SOLE 33,400 MYLAN LABORATORIES COM 628530107 1,172,184 66,300 SH SOLE 55,000 NASDAQ 100 SHARES COM 631100104 575,782 14,427 SH SOLE 2,500 NATUZZI SPA COM 63905A101 316,820 29,200 SH SOLE 6,500 NEOMAGIC CORP COM 640497103 622,626 506,200 SH SOLE 478,100 NESTLE SA ADR COM 641069406 261,632 4,000 SH SOLE 0 NETWORK EQUIPMENT TECHNOLOGIES COM 641208103 1,896,242 193,100 SH SOLE 127,500 NEWALLIANCE BANCSHARES COM 650203102 681,125 44,518 SH SOLE 5,000 NEW GERMANY FUND COM 644465106 1,741,220 192,400 SH SOLE 26,000 NEW PLAN EXCEL REALTY TRUST COM 648053106 1,066,952 39,400 SH SOLE 5,000 NORTHROP GRUMMAN COM 666807102 7,936,560 146,000 SH SOLE 0 NOVELL COM 670006105 459,000 68,000 SH SOLE 7,000 NUANCE COMMUNICATIONS COM 669967101 1,769,229 427,350 SH SOLE 415,150 OCA INC COM 67083Q101 793,750 125,000 SH SOLE 125,000 OLD REPUBLIC COM 680223104 865,260 34,200 SH SOLE 4,000 ON ASSIGNMENT COM 682159108 855,831 164,900 SH SOLE 164,900 OPTELECOM INC COM 683818207 100,110 10,811 SH SOLE 0 PAMRAPO BANCORP COM 697738102 791,360 32,000 SH SOLE 2,000 PARAMETRIC TECHNOLOGY COM 699173100 1,849,460 314,000 SH SOLE 312,000 PARK ELECTROCHEMICAL COM 700416209 5,691,000 262,500 SH SOLE 11,000 PAYCHEX COM 704326107 207,888 6,100 SH SOLE 0 PEPSICO INC COM 713448108 2,564,168 49,122 SH SOLE 4,000 Shufro, Rose & CO LLC Page: 5 Form 13F Information Table As of Date: 12/31/2004 - - 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 PERKINELMER COM 714046109 5,511,175 245,050 SH SOLE 18,200 PFIZER INC COM 717081103 5,039,616 187,416 SH SOLE 20,330 PHILIPS ELECTRONICS COM 500472303 911,892 34,411 SH SOLE 0 PHOENIX COMPANIES COM 71902E109 253,975 20,318 SH SOLE 5,018 PHOENIX TECHNOLOGIES LTD COM 719153108 4,068,463 492,550 SH SOLE 375,700 PIPER JAFFRAY COM 724078100 283,385 5,910 SH SOLE 1,000 PLANAR SYSTEMS COM 726900103 539,040 48,000 SH SOLE 48,000 PLEXUS CORP COM 729132100 442,340 34,000 SH SOLE 34,000 PNC FINANCIAL SERVICES GROUP COM 693475105 695,024 12,100 SH SOLE 0 PROVIDENCE & WORCESTER RR COM 743737108 576,967 42,770 SH SOLE 3,000 PROXITY DIGITAL NETWORKS COM 744289109 17,000 1,000,000 SH SOLE 0 QLT INC COM 746927102 307,128 19,100 SH SOLE 1,000 QUANTA SERVICES COM 74762E102 512,000 64,000 SH SOLE 64,000 RAND CAPITAL CORP COM 752185108 15,600 10,000 SH SOLE 0 RED HAT COM 756577102 273,675 20,500 SH SOLE 4,000 REGAL-BELOIT COM 758750103 6,028,880 210,800 SH SOLE 11,000 REGENERATION TECHNOLOGIES COM 75886N100 115,280 11,000 SH SOLE 2,500 REGIS COM 758932107 1,685,629 36,525 SH SOLE 4,000 REPUBLIC FIRST BANCORP COM 760416107 785,349 51,330 SH SOLE 5,340 RICHARDSON ELECTRONICS COM 763165107 392,825 37,024 SH SOLE 2,024 ROYAL DUTCH PETROLEUM COM 780257804 605,933 10,560 SH SOLE 0 SAFECO COM 786429100 13,812,778 264,410 SH SOLE 10,150 SBC COMMUNICATIONS COM 78387G103 819,976 31,819 SH SOLE 0 SCHEIN (HENRY) COM 806407102 1,371,908 19,700 SH SOLE 300 SCIENCE DYNAMICS COM 808631105 15,685 156,850 SH SOLE 24,850 SEABOARD CORP COM 811543107 1,292,410 1,295 SH SOLE 0 SEA CONTAINERS LTD CLASS A COM 811371707 389,862 19,800 SH SOLE 3,500 SHAW GROUP COM 820280105 9,334,658 522,950 SH SOLE 200,900 SIFCO INDUSTRIES COM 826546103 260,022 45,300 SH SOLE 45,300 SILICON GRAPHICS COM 827056102 51,900 30,000 SH SOLE 25,000 SITEL CORP COM 82980K107 192,618 78,300 SH SOLE 78,300 SOURCECORP INC COM 836167106 191,100 10,000 SH SOLE 10,000 STARRETT L S COM 855668109 447,020 21,700 SH SOLE 0 STMICROELECTRONICS N V COM 861012102 411,516 21,300 SH SOLE 0 STONERIDGE COM 86183P102 181,560 12,000 SH SOLE 2,000 SUN MICROSYSTEMS COM 866810104 298,590 55,500 SH SOLE 19,000 SONOCO PRODUCTS COM 835495102 12,711,993 428,735 SH SOLE 0 SWISS HELVETIA FUND COM 870875101 10,318,825 690,222 SH SOLE 35,400 SYMBOL TECHNOLOGIES COM 871508107 676,430 39,100 SH SOLE 2,000 SYMMETRICOM INC COM 871543104 4,424,604 455,675 SH SOLE 179,700 SYNOPSYS INC COM 871607107 211,896 10,800 SH SOLE 0 SYSCO CORP COM 871829107 267,801 7,016 SH SOLE 0 TARGET CORP COM 87612E106 668,028 12,864 SH SOLE 0 TASTY BAKING COM 876553306 313,892 38,800 SH SOLE 38,800 TELEFLEX COM 879369106 9,637,207 185,545 SH SOLE 8,360 TELLABS COM 879664100 4,927,525 573,635 SH SOLE 389,030 TERADYNE COM 880770102 221,910 13,000 SH SOLE 13,000 TEXAS INSTRUMENTS COM 882508104 228,227 9,270 SH SOLE 0 THOMAS & BETTS COM 884315102 408,975 13,300 SH SOLE 4,000 TIME WARNER COM 887317105 2,174,403 111,852 SH SOLE 13,050 TRANSMETA CORP COM 89376R109 91,932 56,400 SH SOLE 20,400 Shufro, Rose & CO LLC Page: 6 Form 13F Information Table As of Date: 12/31/2004 - - 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 TRANSOCEAN COM G90078109 4,524,497 106,735 SH SOLE 22,950 TRIZETTO GROUP COM 896882107 1,277,750 134,500 SH SOLE 134,500 TWENTY FIRST CENTURY INSURANCE COM 90130N103 807,840 59,400 SH SOLE 0 TWIN DISC COM 901476101 1,044,995 40,900 SH SOLE 16,500 T-3 ENERGY SERVICES COM 87306E107 89,125 12,500 SH SOLE 7,000 UGI CORP HOLDING COM 902681105 208,641 5,100 SH SOLE 0 UNIONBANCORP COM 908908106 299,625 14,100 SH SOLE 0 UNION PACIFIC COM 907818108 17,572,761 261,305 SH SOLE 3,815 VARIAN INC COM 922206107 15,968,638 389,384 SH SOLE 6,425 VERIZON COMMUNICATIONS COM 92343V104 1,249,936 30,855 SH SOLE 0 VIACOM CLASS B COM 925524308 8,225,705 226,043 SH SOLE 0 VILLAGE SUPERMARKET COM 927107409 222,180 6,000 SH SOLE 2,500 VIRBAC CORP COM 927649103 554,795 181,900 SH SOLE 27,000 VISHAY INTERTECHNOLOGY COM 928298108 220,794 14,700 SH SOLE 1,500 VITESSE SEMICONDUCTOR COM 928497106 5,169,685 1,464,500 SH SOLE 1,024,625 VODAFONE GROUP PLC NEW COM 92857W100 1,278,372 46,690 SH SOLE 1,250 VORNADO REALTY TRUST COM 929042109 239,810 3,150 SH SOLE 0 WAL-MART STORES COM 931142103 876,812 16,600 SH SOLE 0 WASHINGTON MUTUAL COM 939322103 1,712,340 40,500 SH SOLE 2,000 WATSON PHARMACEUTICALS COM 942683103 6,384,826 194,600 SH SOLE 19,300 WEBMD CORP COM 94769M105 546,720 67,000 SH SOLE 11,800 WHITEHALL JEWELLERS COM 965063100 1,078,650 135,000 SH SOLE 135,000 WILSONS LEATHER EXPERTS COM 972463103 237,900 61,000 SH SOLE 61,000 WINN-DIXIE STORES COM 974280109 70,525 15,500 SH SOLE 1,000 WYETH COM 983024100 870,199 20,432 SH SOLE 0 XTRANA COM 98415F109 2,900 14,500 SH SOLE 0 YUM BRANDS COM 988498101 1,162,326 24,636 SH SOLE 900 3M COMPANY COM 88579Y101 369,643 4,504 SH SOLE 0 Line Count: 283
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