13F-HR 1 blum13f0306.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: March 31, 2006 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: Blum Capital Partners, L.P. Address: 909 Montgomery Street, Suite 400 San Francisco, CA 94133 File 13F File Number: [28-4768] 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, and 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: Gregory D. Hitchan Title: Partner, General Counsel and Secretary Phone: (415) 434-1111 Signature, Place, and Date of Signing: /s/ Gregory D. Hitchan San Francisco, California May 15, 2006 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: NONE I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 31 Form 13F Information Table Value Total: $2,758,755 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AVID TECHNOLOGY, INC. COM 05367P100 32549 748952 SH SOLE 748952 BANK OF AMERICA CORPORATION COM 060505904 7514 165000 SH CALL SOLE 165000 BOSTON SCIENTIFIC CORP. COM 101137107 7145 310000 SH SOLE 310000 CAREER EDUCATION CORP. COM 141665109 37730 1000000 SH SOLE 1000000 CB RICHARD ELLIS GROUP INC. COM 12497T101 847960 10507565 SH SOLE 10507565 ELECTRONICS FOR IMAGING, INC. COM 286082102 59184 2115965 SH SOLE 2115965 ERESEARCH TECHNOLOGY, INC. COM 29481V108 130130 9043090 SH SOLE 9043090 HARLEY DAVIDSON INC. COM 412822108 6485 125000 SH SOLE 125000 HARRIS INTERACTIVE INC. COM 414549105 2684 477500 SH SOLE 477500 ITT EDUCATIONAL SERVICES, INC. COM 45068B109 437467 6830085 SH SOLE 6830085 JANUS CAPITAL GROUP, INC. COM 47102X105 340133 14679900 SH SOLE 14679900 JOHNSON & JOHNSON COM 478160904 6212 104900 SH CALL SOLE 104900 KINETIC CONCEPTS, INC. COM 49460W208 173640 4217653 SH SOLE 4217653 LINCARE HOLDINGS, INC. COM 532791100 38200 980500 SH SOLE 980500 LINCOLN EDUCATIONAL SERVICES COM 533535100 23843 1406678 SH SOLE 1406678 MACROVISION CORPORATION COM 555904101 55013 2483675 SH SOLE 2483675 MARSH & MCLENNAN COMPANIES COM 571748102 2936 100000 SH SOLE 100000 MICHAELS STORES INC. COM 594087108 46975 1250000 SH SOLE 1250000 MONTPELIER RE HOLDINGS LTD. COM G62185106 70198 4306640 SH SOLE 4306640 NU SKIN ENTERPRISES, INC. CL A COM 67018T105 93608 5339900 SH SOLE 5339900 PAXAR CORP. COM 704227107 57876 2957400 SH SOLE 2957400 PEDIATRIX MEDICAL GROUP, INC. COM 705324101 53116 517500 SH SOLE 517500 PEGASUS SOLUTIONS INC COM 705906105 22885 2432003 SH SOLE 2432003 PRG-SCHULTZ INTERNATIONAL COM 69357C107 5663 9287073 SH SOLE 9287073 ROSS STORES, INC. COM 778296103 29637 1015329 SH SOLE 1015329 SKILLSOFT PLC COM 830928107 16319 3114326 SH SOLE 3114326 SYMANTEC CORP. COM 871503108 5049 300000 SH SOLE 300000 TCF FINANCIAL CORPORATION COM 872275102 61844 2401720 SH SOLE 2401720 UAP HOLDINGS CORP. COM 903441103 76977 3580342 SH SOLE 3580342 UCBH HOLDINGS INC. COM 90262T308 3642 192500 SH SOLE 192500 WAL-MART STORES, INC. COM 931142103 6141 130000 SH CALL SOLE 130000