-----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, E5P88hDil14kue6JcP0Bbg8cVETdhB+gfc+JUU4nAvG8xUx0qTJ2wZ2mUYfByV+A yBbOXVsD57ZxJXB2yMFM+g== 0000902584-08-000146.txt : 20080214 0000902584-08-000146.hdr.sgml : 20080214 20080214141401 ACCESSION NUMBER: 0000902584-08-000146 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 EFFECTIVENESS DATE: 20080214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORY RESEARCH INC CENTRAL INDEX KEY: 0000902584 IRS NUMBER: 132831881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05637 FILM NUMBER: 08613076 BUSINESS ADDRESS: STREET 1: 180 N. STETSON STREET STREET 2: STE 5500 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3125651414 MAIL ADDRESS: STREET 1: 180 N. STETSON STREET STREET 2: SUITE 5780 CITY: CHICAGO STATE: IL ZIP: 60601 13F-HR 1 ari4q07hr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Quarter Ended: December 31, 2007 Check here if Amendment: [ ] # ____ This Amendment [ ] is a restatement. [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Advisory Research, Inc. Address: 180 North Stetson, Suite 5500 Chicago, IL 60601 13F File Number: 028-05637 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 the Reporting Manager: Name: Brien M. O'Brien Title: chairman & CEO Phone: 312-565-1414 Signature, Place and Date of Signing: /s/ Brien M. O'Brien, chairman & CEO February 14, 2008 - ------------------------------- ----------------------- Signature / Title Date Report Type: [X] 13F HOLDINGS REPORT. Securities with an aggregate market value of $200,000 and above are reported in this report. [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE ADVISORY RESEARCH INC. Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 339 Form 13F Information Table Total Value ('000): 5334457 List of Other Managers: NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F FORM 13F HOLDINGS REPORT Report for the Quarter Ended: December 31, 2007 ADVISORY RESEARCH, INC. FORM 13F INFOMRATION TABLE NAME OF ISSUER TITLE CUSIP VALUE SH/P PUTINV OTRVOT AUTH OF CL AMT ('000) CALDSC MGR SOLE SHARE NONE 3M COMPANY COM 88579Y101 742 8802 SOLE 8802 A T & T INC COM 00206R102 31637 761238 SOLE 761238 ADOBE SYS INC COM 00724F101 665 15554 SOLE 15554 ADVANCED MICRO COM 007903107 152 20237 SOLE 20237 AGCO CORP COM 001084102 231 3400 SOLE 3400 ALASKA PAC BANC COM 011757101 774 35163 SOLE 35163 ALBANY MOLECULA COM 012423109 45006 3129773 SOLE 3129773 ALICO INC COM 016230104 3032 83073 SOLE 83073 ALLIED WASTE IND COM 019589308 152 13809 SOLE 13809 AMERICAN EXPRES COM 025816109 568 10913 SOLE 10913 AMERICAN ITALIAN COM 027070101 3324 474800 SOLE 474800 AMERICAN RAILCAR COM 02916P103 20232 1051018 SOLE 1051018 AMERICAN REALTY COM 029174109 151 15403 SOLE 15403 AMERIGAS PARTNERS COM 030975106 642 17800 SOLE 17800 AMERIPRISE FINL COM 03076C106 79736 1446847 SOLE 1446847 AMERIPRISE FINL COM 03076C106 1100 19965 OTHER 19965 AMGEN INC COM 031162100 25485 548764 SOLE 548764 ANALOGIC CORP COM 032657207 47136 696036 SOLE 696036 ANDERSONS INC COM 034164103 60309 1346176 SOLE 1346176 ANHEUSER BUSCH COM 035229103 30087 574843 SOLE 574843 APACHE CORP COM 037411105 10530 97913 SOLE 97913 APARTMENT INVT COM 03748R101 559 16103 SOLE 16103 APPLE INC COM 037833100 825 4166 SOLE 4166 AQUILA INC COM 03840P102 107936 28937224 SOLE 28937224 AQUILA INC COM 03840P102 779 208725 OTHER 208725 ARCHON CORP COM 03957P101 1039 20082 SOLE 20082 ARES CAP CORP COM 04010L103 1582 108100 SOLE 108100 ASHLAND INC COM 044209104 76524 1613410 SOLE 1613410 ASHLAND INC COM 044209104 787 16595 OTHER 16595 ATLANTIC AMERN COM 048209100 389 277690 SOLE 277690 AVALON HLDGS CO COM 05343P109 2029 375703 SOLE 375703 AVATAR HOLDINGS COM 053494100 37312 892205 SOLE 892205 BARNWELL INDS COM 068221100 4074 329622 SOLE 329622 BCSB BANKCORP COM 054948104 184 29300 SOLE 29300 BEAR STEARNS COM 073902108 24161 273781 SOLE 273781 BELL INDUSTRIES COM 078107109 158 176017 SOLE 176017 BERKSHIRE HATHAW COM 084670108 708 5 SOLE 5 BERKSHIRE HATHAW COM 084670207 417 88 SOLE 88 BEXIL CORP COM 088577101 2705 88700 SOLE 88700 BFC FINANCIAL COM 055384200 1299 859957 SOLE 859957 BOB EVANS FARMS COM 096761101 66646 2474774 SOLE 2474774 BORDERS GROUP COM 099709107 25711 2414165 SOLE 2414165 BORDERS GROUP COM 099709107 435 40840 OTHER 40840 BOSS HLDGS INC COM 10011B101 1181 138150 SOLE 138150 BOSTON SCIENTIFIC COM 101137107 152 13087 SOLE 13087 BOSWELL J G CO COM 101205102 1790 1781 SOLE 1781 BOYD GAMING COM 103304101 38143 1119556 SOLE 1119556 BOYD GAMING COM 103304101 564 16540 OTHER 16540 BP AMOCO P L C COM 055622104 380 5190 SOLE 5190 CAGLES INC CL A COM 127703106 2581 316649 SOLE 316649 CAPITAL LEASE FDG COM 140288101 1496 177700 SOLE 177700 CAPITAL TRUST INC COM 14052H506 571 18643 SOLE 18643 CAPITOL FEDERAL COM 14057C106 92244 2975613 SOLE 2975613 CAPITOL FEDERAL COM 14057C106 708 22845 OTHER 22845 CARRIZO OIL & GAS COM 144577103 62379 1139343 SOLE 1139343 CBS CORP CL B COM 124857202 26611 976563 SOLE 976563 CENTERPLATE INC COM 15200E204 504 55900 SOLE 55900 CENTERPOINT ENRGY COM 15189T107 151347 8835200 SOLE 8835200 CENTERPOINT ENRGY COM 15189T107 860 50210 OTHER 50210 CF INDUSTRIES COM 125269100 47895 435176 SOLE 435176 CF INDUSTRIES COM 125269100 3 30 OTHER 30 CHEVIOT FINANCIAL COM 166774109 2159 227005 SOLE 227005 CHICAGO RIVET COM 168088102 1393 69300 SOLE 69300 CIRCUIT CITY STRS COM 172737108 150 35735 SOLE 35735 CIT GROUP INC COM 125581108 47898 1993254 SOLE 1993254 CIT GROUP INC COM 125581108 448 18655 OTHER 18655 CITIGROUP INC COM 172967101 18566 630652 SOLE 630652 CITIZENS COMMUNIC COM 17453B101 1781 139928 SOLE 139928 CITIZENS FIRST COM 17461R106 1303 106210 SOLE 106210 CME GROUP INC COM 12572Q105 864 1259 SOLE 1259 CNX GAS CORP COM 12618H309 154637 4839959 SOLE 4839959 CNX GAS CORP COM 12618H309 858 26850 OTHER 26850 COACHMEN INDS COM 189873102 1513 254265 SOLE 254265 COAST DISTR SYS COM 190345108 1350 229580 SOLE 229580 COMMUNICAT SYS COM 203900105 3553 299304 SOLE 299304 COMPUWARE CORP COM 205638109 152 17145 SOLE 17145 COMSTOCK RESOURCE COM 205768203 105077 3090507 SOLE 3090507 COMSTOCK RESOURCE COM 205768203 525 15430 OTHER 15430 CONOCOPHILLIPS COM 20825C104 35511 402167 SOLE 402167 CONSOLID COMM COM 209034107 1984 99700 SOLE 99700 CONTANGO OIL&GAS COM 21075N204 28476 559560 SOLE 559560 COOPER TIRE COM 216831107 24112 1454290 SOLE 1454290 COOPER TIRE COM 216831107 555 33465 OTHER 33465 COST PLUS INC COM 221485105 3408 785258 SOLE 785258 COUNTRYWIDE CR COM 222372104 151 16940 SOLE 16940 COWEN GROUP INC COM 223621103 851 89433 SOLE 89433 D R HORTON INC COM 23331A109 151 11464 SOLE 11464 DELL INC COM 24702R101 28425 1159720 SOLE 1159720 DELTIC TIMBER COM 247850100 59785 1161108 SOLE 1161108 DENBURY RESOURCE COM 247916208 105292 3539224 SOLE 3539224 DENBURY RESOURCE COM 247916208 950 31935 OTHER 31935 DEVON ENERGY COM 25179M103 286 3213 SOLE 3213 DISCOVER FINL COM 254709108 151 10006 SOLE 10006 DISCOVERY HDG COM 25468Y107 57278 2278351 SOLE 2278351 DISCOVERY HDG COM 25468Y107 1304 51850 OTHER 51850 DOUBLE EAGLE COM 258570209 5156 327130 SOLE 327130 DUKE ENERGY COM 26441C105 217 10765 SOLE 10765 DYNEGY INC CL A COM 26817G102 152 21282 SOLE 21282 E TRADE FINANCIAL COM 269246104 155 43722 SOLE 43722 ELBIT MEDICAL IM COM M37605108 3321 60583 SOLE 60583 EMBARQ CORP COM 29078E105 77173 1558114 SOLE 1558114 EMBARQ CORP COM 29078E105 896 18080 OTHER 18080 EMERSON ELEC COM 291011104 350 6181 SOLE 6181 ENCORE ACQUISIT COM 29255W100 9025 270450 SOLE 270450 EQUITY RESIDENT COM 29476L107 572 15689 SOLE 15689 ESPEY MFG & ELEC COM 296650104 4125 219640 SOLE 219640 EXELON CORP COM 30161N101 408 5001 SOLE 5001 EXXON MOBIL CORP COM 30231G102 32198 343667 SOLE 343667 FAIRPOINT COMM COM 305560104 47184 3623963 SOLE 3623963 FIRST AVIATION SV COM 31865W108 182 144593 SOLE 144593 FIRST FED NORTH COM 32021X105 800 108877 SOLE 108877 FIRST PACTRUST COM 33589V101 1547 84962 SOLE 84962 FIRSTCITY FINANCI COM 33761X107 925 113797 SOLE 113797 FISERV INC COM 337738108 707 12741 SOLE 12741 FISHER COMMUNIC COM 337756209 32997 869265 SOLE 869265 FORD MOTOR CO COM 345370860 153 22673 SOLE 22673 FORESTAR REAL COM 346233109 10911 462526 SOLE 462526 FORESTAR REAL COM 346233109 109 4613 OTHER 4613 FORTUNE BRANDS COM 349631101 27160 375340 SOLE 375340 FPL GROUP INC COM 302571104 455 6714 SOLE 6714 FROZEN FOOD EXP COM 359360104 1540 261087 SOLE 261087 GAYLORD ENTERTAIN COM 367905106 118211 2920946 SOLE 2920946 GAYLORD ENTERTAIN COM 367905106 758 18740 OTHER 18740 GENERAL ELECTRIC COM 369604103 31486 849377 SOLE 849377 GENERAL MILLS COM 370334104 352 6179 SOLE 6179 GOLDCORP INC COM 380956409 216 6370 SOLE 6370 GOLDMAN SACHS COM 38141G104 29974 139382 SOLE 139382 GOTTSCHALKS INC COM 383485109 180 53650 SOLE 53650 GREENE CNTY BANC COM 394357107 574 47626 SOLE 47626 GRIFFIN LD & NURS COM 398231100 4472 122510 SOLE 122510 GUARANTY FINL COM 40108N106 7400 462526 SOLE 462526 GUARANTY FINL COM 40108N106 74 4613 OTHER 4613 HALLWOOD GROUP COM 406364406 17769 227804 SOLE 227804 HANOVER FOODS COM 41078W100 303 2852 SOLE 2852 HEALTHCARE SVCS COM 421906108 56451 2665299 SOLE 2665299 HEWLETT PACKARD COM 428236103 33275 659172 SOLE 659172 HF FINANCIAL CORP COM 404172108 1448 95608 SOLE 95608 HOME FEDERAL COM 43710G105 7519 748860 SOLE 748860 HUDSON CITY BANC COM 443683107 85611 5699799 SOLE 5699799 HUDSON CITY BANC COM 443683107 899 59865 OTHER 59865 HUGOTON RTY TR COM 444717102 850 37900 SOLE 37900 HUNTINGTON BANC COM 446150104 151 10234 SOLE 10234 I B M COM 459200101 422 3904 SOLE 3904 IAC INTERACTIVE COM 44919P300 9772 362987 SOLE 362987 ILLINOIS TOOL WKS COM 452308109 30455 568823 SOLE 568823 IMPERIAL OIL LTD COM 453038408 7094 129500 SOLE 129500 INGERSOLL-RAND COM G4776G101 32038 689438 SOLE 689438 INTEL CORP COM 458140100 29380 1102016 SOLE 1102016 INTERCONTINENTAL COM 45865V100 760 3948 SOLE 3948 INTERPUBLIC GRP COM 460690100 153 18838 SOLE 18838 INVESTORS BANC COM 46146P102 122867 8689300 SOLE 8689300 INVESTORS BANC COM 46146P102 815 57635 OTHER 57635 IOWA TELECOMM COM 462594201 1559 95900 SOLE 95900 ISHARES TR MSCI COM 464287465 1283 16344 SOLE 16344 ISHARES TR RUSSEL COM 464287473 7105 50372 SOLE 50372 ISHARES TR RUSSEL COM 464287630 4263 60489 SOLE 60489 J ALEXANDER CORP COM 466096104 5656 538673 SOLE 538673 J.P. MORGAN CHASE COM 46625H100 557 12752 SOLE 12752 JDS UNIPHASE COM 46612J507 152 11430 SOLE 11430 JOHNSON & JOHNSON COM 478160104 31399 470757 SOLE 470757 KB HOME COM 48666K109 238 11009 SOLE 11009 K-FED BANCORP COM 48246S101 1056 104694 SOLE 104694 KING PHARMAC COM 495582108 152 14872 SOLE 14872 L-3 COMMUNIC HLDG COM 502424104 236 2223 SOLE 2223 LANDAMERICA FINL COM 514936103 46383 1386623 SOLE 1386623 LANDAMERICA FINL COM 514936103 514 15355 OTHER 15355 LAUDER ESTEE COM 518439104 588 13482 SOLE 13482 LEUCADIA NATL COM 527288104 209745 4453188 SOLE 4453188 LEUCADIA NATL COM 527288104 1500 31840 OTHER 31840 LIBERTY MEDIA COM 53071M302 33532 287852 SOLE 287852 LIMONEIRA CO COM 532746104 2343 10505 SOLE 10505 LINCOLN BANCORP COM 532879103 1501 106986 SOLE 106986 LONGS DRUG STORES COM 543162101 158431 3370869 SOLE 3370869 LONGS DRUG STORES COM 543162101 909 19335 OTHER 19335 LOUISIANA PAC COM 546347105 41445 3029574 SOLE 3029574 LOUISIANA PAC COM 546347105 586 42835 OTHER 42835 LSB CORP COM 50215P100 784 49000 SOLE 49000 LSI LOGIC CORP COM 502161102 152 28628 SOLE 28628 MARCUS CORP COM 566330106 32209 2084706 SOLE 2084706 MARQUETTE NATL COM 571599109 725 500 SOLE 500 MARSHALL & ILSLEY COM 571837103 218 8216 SOLE 8216 MAUI LD & PINEAPP COM 577345101 8810 302660 SOLE 302660 MAYS J W INC COM 578473100 358 17068 SOLE 17068 MCRAE INDS INC COM 582757209 2098 130161 SOLE 130161 M D C HOLDINGS COM 552676108 6 165 OTHER 165 MEDTRONIC INC COM 585055106 554 11027 SOLE 11027 MERCK & CO INC COM 589331107 33283 572762 SOLE 572762 MICRON TECHNOLOGY COM 595112103 152 20989 SOLE 20989 MICROSOFT CORP COM 594918104 36811 1034019 SOLE 1034019 MIDLAND CO COM 597486109 44307 684913 SOLE 684913 MONARCH CEM CO COM 609031109 880 29089 SOLE 29089 MORGANS HOTEL COM 61748W108 39265 2036590 SOLE 2036590 MOTORCAR PTS COM 620071100 2895 264173 SOLE 264173 MYLAN LABS INC COM 628530107 154 10923 SOLE 10923 NASDAQ STOCK COM 631103108 494 9990 SOLE 9990 NATIONAL PATENT COM 637132101 2403 893193 SOLE 893193 NEW ULM TELECOM COM 649060100 1721 143640 SOLE 143640 NEWCASTLE INVT COM 65105M108 792 61100 SOLE 61100 NORTHERN TRUST COM 665859104 1015 13252 SOLE 13252 NOVELL INC COM 670006105 153 22211 SOLE 22211 NYSE EURONEXT COM 629491101 953 10853 SOLE 10853 O I CORP COM 670841105 918 71058 SOLE 71058 OFFICE DEPOT INC COM 676220106 151 10876 SOLE 10876 OIL DRI CORP AM COM 677864100 2273 103588 SOLE 103588 OLD REPUBLIC INTL COM 680223104 111611 7242780 SOLE 7242780 OLD REPUBLIC INTL COM 680223104 672 43593 OTHER 43593 ONEBEACON INS COM G67742109 52457 2439872 SOLE 2439872 ORACLE SYS CORP COM 68389X105 384 16998 SOLE 16998 OVERSEAS SHIPHLDG COM 690368105 124292 1669915 SOLE 1669915 OVERSEAS SHIPHLDG COM 690368105 883 11860 OTHER 11860 PACIFIC PREMIER COM 69478X105 299 43305 SOLE 43305 PANHANDLE OIL COM 698477106 2363 91994 SOLE 91994 PARK BANCORP COM 700164106 884 36098 SOLE 36098 PATHFINDER BANC COM 70320A103 197 19200 SOLE 19200 PATRICK INDS INC COM 703343103 1121 112583 SOLE 112583 PATRIOT TRANSN COM 70337B102 4331 46349 SOLE 46349 PEABODY ENERGY COM 704549104 296 4808 SOLE 4808 PEAK INTL INC COM G69586108 1884 826391 SOLE 826391 PENN WEST ENERGY COM 707885109 208 8000 SOLE 8000 PENNEY J C INC COM 708160106 48030 1091831 SOLE 1091831 PENNEY J C INC COM 708160106 352 8005 OTHER 8005 PEP BOYS MANNY COM 713278109 48392 4215372 SOLE 4215372 PINNACLE GAS RES COM 723464301 2634 575000 SOLE 575000 PIONEER NATURAL COM 723787107 35125 719184 SOLE 719184 PIPER JAFFRAY CO COM 724078100 55724 1203020 SOLE 1203020 PLAINS ALL AMERIC COM 726503105 60558 1164577 SOLE 1164577 PLAINS EXPLORATIO COM 726505100 171843 3182283 SOLE 3182283 PLAINS EXPLORATIO COM 726505100 975 18060 OTHER 18060 PLUM CREEK TIMBER COM 729251108 81759 1775835 SOLE 1775835 PLUM CREEK TIMBER COM 729251108 1129 24525 OTHER 24525 PRICESMART INC COM 741511109 13132 436849 SOLE 436849 PROCTER & GAMBLE COM 742718109 666 9076 SOLE 9076 PROGRESS ENERGY COM 743263105 230 4752 SOLE 4752 PROVIDENCE & WORC COM 743737108 391 23385 SOLE 23385 PULTE CORP COM 745867101 149 14181 SOLE 14181 QLOGIC CORP COM 747277101 152 10708 SOLE 10708 QUALCOMM INC COM 747525103 546 13865 SOLE 13865 QUEST RESOURCE COM 748349305 6687 932690 SOLE 932690 QUICKSILVER RES COM 74837R104 138030 2316321 SOLE 2316321 QUICKSILVER RES COM 74837R104 879 29500 OTHER 29500 QWEST COMMUNIC COM 749121109 151 21537 SOLE 21537 REGENCY AFFILIATE COM 758847305 645 114215 SOLE 114215 REX STORE CORP COM 761624105 7994 506928 SOLE 506928 ROCK OF AGES COM 772632105 1132 226354 SOLE 226354 ROME BANCORP COM 77587P103 1919 165870 SOLE 165870 S & K FAMOUS BRND COM 783774102 1024 117004 SOLE 117004 SAN JUAN BASIN COM 798241105 801 24000 SOLE 24000 SANFILIPPO JOHN COM 800422107 4119 489136 SOLE 489136 SARA LEE CORP COM 803111103 2318 144355 SOLE 144355 SCHEID VINEYARDS COM 806403200 2450 66210 SOLE 66210 SCHLUMBERGER COM 806857108 303 3079 SOLE 3079 SERVICE BANCORP COM 81756X103 330 18800 SOLE 18800 SHENANDOAH TEL COM 82312B106 7709 321478 SOLE 321478 SHERWIN WILLIAMS COM 824348106 309 5321 SOLE 5321 SOUTHWEST AIRLINE COM 844741108 153 12528 SOLE 12528 SOUTHWESTERN ENER COM 845467109 2329 41800 SOLE 41800 SOVEREIGN BANCORP COM 845905108 152 13303 SOLE 13303 SPDR TR UNIT SER COM 78462F103 1592 10890 SOLE 10890 SPECTRA ENERGY COM 847560109 2152 83361 SOLE 83361 SPRINT NEXTEL COM 852061100 158 12016 SOLE 12016 SRI/SURGICAL EX COM 78464W104 217 36750 SOLE 36750 STARBUCKS CORP COM 855244109 275 13440 SOLE 13440 STATE STR CORP COM 857477103 558 6866 SOLE 6866 STEWART INFORM COM 860372101 29023 1112400 SOLE 1112400 STIFEL FINANCIAL COM 860630102 1195 22739 SOLE 22739 SUNCOR ENERGY COM 867229106 4675 43000 SOLE 43000 SUPERIOR UNIFOR COM 868358102 3690 370884 SOLE 370884 SUPREME INDS INC COM 868607102 2006 348862 SOLE 348862 TANDY BRANDS COM 875378101 6765 693838 SOLE 693838 TECHE HLDG CO COM 878330109 618 16358 SOLE 16358 TELLABS INC COM 879664100 152 23261 SOLE 23261 TEMPLE INLAND COM 879868107 28933 1387685 SOLE 1387685 TEMPLE INLAND COM 879868107 282 13515 OTHER 13515 TENET HEALTH COM 88033G100 152 29978 SOLE 29978 TERADYNE INC COM 880770102 152 14686 SOLE 14686 TEVA PHARMACEUTIC COM 881624209 511 11000 SOLE 11000 TFS FINANCIAL COM 87240R107 58807 4925248 SOLE 4925248 TFS FINANCIAL COM 87240R107 586 49120 OTHER 49120 THIRD CENTY BANC COM 884120106 1454 153088 SOLE 153088 THORNBURG MTG COM 885218107 940 101700 SOLE 101700 TIME WARNER INC COM 887317105 25283 1531353 SOLE 1531353 TORCH ENERGY COM 891013104 4240 405024 SOLE 405024 TRIARC COMPANIES COM 895927101 33748 3865768 SOLE 3865768 TRIARC COMPANIES COM 895927309 52290 5969137 SOLE 5969137 TRIARC COMPANIES COM 895927309 457 52135 OTHER 52135 UFP TECHNOLOGIES COM 902673102 2222 302370 SOLE 302370 ULTRA PETE CORP COM 903914109 2860 40000 SOLE 40000 UMB FINANCIAL COM 902788108 135199 3524468 SOLE 3524468 UMB FINANCIAL COM 902788108 840 21895 OTHER 21895 UNISYS CORP COM 909214108 152 32192 SOLE 32192 UNITED FINANCIAL COM 91030T109 1824 164322 SOLE 164322 UNITED PARCEL SVC COM 911312106 29306 414390 SOLE 414390 UNITED STATES LIM COM 911922102 4505 148419 SOLE 148419 UNITED TECHNOLOGI COM 913017109 32275 421678 SOLE 421678 UNIVERSAL SEC IND COM 913821302 1023 138258 SOLE 138258 VAIL RESORTS INC COM 91879Q109 106352 1976433 SOLE 1976433 VAIL RESORTS INC COM 91879Q109 902 16755 OTHER 16755 VARIAN MED SYS COM 92220P105 569 10916 SOLE 10916 VIACOM INC CL B COM 92553P201 328 7473 SOLE 7473 VULCAN INTL CORP COM 929136109 3456 60738 SOLE 60738 WARWICK VALLEY COM 936750108 3161 266972 SOLE 266972 WASHINGTON MUTUAL COM 939322103 151 11081 SOLE 11081 WESTFIELD FINL COM 96008P104 2722 280637 SOLE 280637 WEYERHAEUSER CO COM 962166104 28685 389002 SOLE 389002 WHITE MOUNTAINS COM G9618E107 87536 170286 SOLE 170286 WHITE MOUNTAINS COM G9618E107 784 1526 OTHER 1526 WILLIAMS COAL COM 969450105 697 83412 SOLE 83412 WINDSTREAM COM 97381W104 1855 142502 SOLE 142502 WINN DIXIE STORES COM 974280307 92061 5457086 SOLE 5457086 WINN DIXIE STORES COM 974280307 458 27160 OTHER 27160 ZIMMER HLDGS COM 98956P102 218 3303 SOLE 3303 ADVANTAGE ENERGY COM 00762L101 511 58563 SOLE 58563 BCE INC COM 05534B760 397 10000 SOLE 10000 CANETIC RES TR COM 137513107 643 48020 SOLE 48020 COMPTON PETE CO COM 204940100 3070 335914 SOLE 335914 HARVEST ENERGY COM 41752X101 624 30230 SOLE 30230 PENGROWTH ENERGY COM 706902509 719 40800 SOLE 40800 PRIMEWEST ENERGY COM 741930309 836 31052 SOLE 31052 ISHARES TR RUSSEL COM 464287689 968 11475 SOLE 11475 PROSHARES TR ULTR COM 74347R719 219 2000 SOLE 2000 EQUITY RESIDENTIA PFDCV 29476L883 347 8725 SOLE 8725 BLACKROCK PFD COM 09255J101 1721 107200 SOLE 107200 BLACKROCK PFD COM 09255H105 1676 105200 SOLE 105200 COHEN & STEERS COM 19247V104 1392 94630 SOLE 94630 COHEN & STEERS COM 19247X100 1380 73000 SOLE 73000 FLAHERTY & CRMNE COMSH 338478100 1516 93800 SOLE 93800 FLAHERTY & CRMNE COM 338479108 1649 97700 SOLE 97700 FRANKLIN TEMPLE COM 35472T101 1638 141600 SOLE 141600 HANCOCK JOHN PFD COM 41021P103 1580 87600 SOLE 87600 HANCOCK JOHN PFD COM 41013X106 1576 84200 SOLE 84200 ING CLARION REAL COMSH 449788108 1552 138665 SOLE 138665 NEUBERGER BERMAN COMSH 64126L108 1488 133600 SOLE 133600 NUVEEN MULTI STR COM 67073B106 1654 151300 SOLE 151300 NUVEEN MULTI STR COMSH 67073D102 1646 149600 SOLE 149600 NUVEEN QUALITY PF COM 67072C105 1522 140800 SOLE 140800 NUVEEN QUALITY PF COM 67071S101 1507 145900 SOLE 145900 RMR REAL ESTATE SHBEN 74963F106 1439 130420 SOLE 130420 ROBERTS REALTY COM 769900101 1312 198200 SOLE 198200 WESTERN ASSET HIG COM 95766J102 1651 163500 SOLE 163500 5334457 339 -----END PRIVACY-ENHANCED MESSAGE-----