13F-HR 1 d13fhr.txt HEARTLAND ADVISORS, INC. 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, 2005 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: Heartland Advisors, Inc. Address: 789 N. Water St. Suite 500 Milwaukee, WI 53202 Form 13F File Number: 28-3516 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: Paul T. Beste Title: Chief Operating Officer Phone: 414-347-7777 Signature, Place and Date of Signing: /s/ Paul T. Beste Milwaukee, Wisconsin February 14, 2006 ----------------- -------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s). Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 347 Form 13F Information Table Value Total: $ 2240819 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------- SCHULMAN A INC COM 808194104 4034 187455 SH SOLE 187455 0 0 AAON INC COM PAR $0.004 000360206 314 17500 SH SOLE 17500 0 0 AAR CORP COM 000361105 9580 400000 SH SOLE 400000 0 0 AP PHARMA INC COM 00202J104 2192 1432417 SH SOLE 1419817 0 12600 AT&T INC COM 00206R102 4884 199443 SH SOLE 199343 0 100 ABRAXAS PETE CORP COM 003830106 2112 400000 SH SOLE 400000 0 0 ACCESS PHARMACEUTICALS INC COM NEW 00431M209 841 1586200 SH SOLE 1506200 0 80000 ACTIVE POWER INC COM 00504W100 1925 500000 SH SOLE 500000 0 0 ACTUATE CORP COM 00508B102 13345 4250100 SH SOLE 4240600 0 9500 ADTRAN INC COM 00738A106 385 12950 SH SOLE 12950 0 0 AGRIUM INC COM 008916108 11191 508030 SH SOLE 505530 0 2500 AIR METHODS CORP COM PAR $.06 009128307 7013 405400 SH SOLE 405400 0 0 AIRNET SYS INC COM 009417106 4775 1400400 SH SOLE 1310400 0 90000 ALCOA INC COM 013817101 1608 54388 SH SOLE 54388 0 0 ALERIS INTL INC COM 014477103 4836 150000 SH SOLE 150000 0 0 ALLEGHENY ENERGY INC COM 017361106 5656 178704 SH SOLE 178704 0 0 ALLIED DEFENSE GROUP INC COM 019118108 3393 149000 SH SOLE 149000 0 0 ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 760 87000 SH SOLE 87000 0 0 ALLSTATE CORP COM 020002101 5210 96357 SH SOLE 96257 0 100 ALMOST FAMILY INC COM 020409108 1153 72082 SH SOLE 72082 0 0 AMERUS GROUP CO COM 03072M108 11334 200000 SH SOLE 200000 0 0 AMERCO COM 023586100 7205 100000 SH SOLE 100000 0 0 AMERICAN PHYSICIANS SVC GROU COM 028882108 2451 185649 SH SOLE 185649 0 0 AMERISERV FINL INC COM 03074A102 4944 1141900 SH SOLE 1140200 0 1700 ANADARKO PETE CORP COM 032511107 5134 54189 SH SOLE 54189 0 0 ANALOGIC CORP COM PAR $0.05 032657207 27894 582941 SH SOLE 556891 0 26050 ANALYSTS INTL CORP COM 032681108 3840 1600000 SH SOLE 1600000 0 0 ANDREW CORP COM 034425108 1819 169565 SH SOLE 169565 0 0 ANDRX CORP DEL ANDRX GROUP 034553107 6797 412700 SH SOLE 412200 0 500 ANGIOTECH PHARMACEUTICALS IN COM 034918102 2630 200000 SH SOLE 200000 0 0 ANSWERTHINK INC COM 036916104 425 100000 SH SOLE 100000 0 0 APHTON CORP COM 03759P101 1733 5375495 SH SOLE 4667895 0 707600 APOGEE ENTERPRISES INC COM 037598109 8373 516200 SH SOLE 511200 0 5000 APPLIED MATLS INC COM 038222105 2911 162265 SH SOLE 162265 0 0 APPLIED SIGNAL TECHNOLOGY IN COM 038237103 7430 327319 SH SOLE 326119 0 1200 ASHWORTH INC COM 04516H101 5141 608431 SH SOLE 608431 0 0 ASSOCIATED BANC CORP COM 045487105 19782 607741 SH SOLE 607441 0 300 ASSURED GUARANTY LTD COM G0585R106 13388 527300 SH SOLE 503200 0 24100 AUTOLIV INC COM 052800109 253 5575 SH SOLE 5575 0 0 AVNET INC COM 053807103 4478 187050 SH SOLE 187050 0 0 B & G FOODS INC NEW UNIT 99/99/9999 05508R205 6534 450000 SH SOLE 450000 0 0 BADGER METER INC COM 056525108 20978 534600 SH SOLE 508700 0 25900 BANCTRUST FINANCIAL GP COM 05978R107 503 25000 SH SOLE 25000 0 0 BARNES GROUP INC COM 067806109 825 25000 SH SOLE 25000 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 15060 602632 SH SOLE 590750 0 11882 BIOSCRIP INC COM 09069N108 15527 2059292 SH SOLE 1930868 0 128424 BIOVAIL CORP COM 09067J109 28612 1206935 SH SOLE 1135435 0 71500 BOB EVANS FARMS INC COM 096761101 5765 250000 SH SOLE 250000 0 0 BORG WARNER INC COM 099724106 3847 63450 SH SOLE 63450 0 0 BOWNE & CO INC COM 103043105 5627 379200 SH SOLE 378000 0 1200 BRIGHAM EXPLORATION CO COM 109178103 3552 299500 SH SOLE 299500 0 0 BROADWING CORP COM 11161E101 6247 1032500 SH SOLE 902000 0 130500 BRUNSWICK CORP COM 117043109 4938 121450 SH SOLE 121350 0 100 BUCA INC COM 117769109 12757 2340750 SH SOLE 2160750 0 180000 BUTLER INTL INC NEW COM 123649105 335 100000 SH SOLE 100000 0 0 CABOT OIL & GAS CORP COM 127097103 1053 23350 SH SOLE 21250 0 2100 CALGON CARBON CORP COM 129603106 6420 1128300 SH SOLE 1128300 0 0 CALLON PETE CO DEL COM 13123X102 5067 287100 SH SOLE 285600 0 1500 CAMBREX CORP COM 132011107 4701 250450 SH SOLE 250450 0 0 CAPITAL BK CORP COM 139793103 1873 122000 SH SOLE 122000 0 0 CAPITAL LEASE FDG INC COM 140288101 6463 613800 SH SOLE 613800 0 0 CARLISLE COS INC COM 142339100 4268 61714 SH SOLE 61714 0 0 CASUAL MALE RETAIL GRP INC COM 148711104 6130 1000000 SH SOLE 1000000 0 0 CENTRAL PKG CORP COM 154785109 6908 503500 SH SOLE 503500 0 0 CHAMPS ENTMT INC DEL COM 158787101 3423 529900 SH SOLE 529900 0 0 CHEMTURA CORP COM 163893100 159 12550 SH SOLE 11328 0 1222 CHIQUITA BRANDS INTL INC COM 170032809 4055 202650 SH SOLE 202450 0 200 CHITTENDEN CORP COM 170228100 4172 150000 SH SOLE 150000 0 0 CISCO SYS INC COM 17275R102 734 42870 SH SOLE 42870 0 0 CLARK INC COM 181457102 4567 344700 SH SOLE 344700 0 0 WILLIAMS CLAYTON ENERGY INC COM 969490101 35386 847770 SH SOLE 807870 0 39900 COMFORT SYS USA INC COM 199908104 7346 798500 SH SOLE 795000 0 3500 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1221 72400 SH SOLE 72400 0 0 COMPEX TECHNOLOGIES INC COM 204513105 5008 765800 SH SOLE 765800 0 0 COMPUDYNE CORP COM PAR $0.75 204795306 4146 666600 SH SOLE 666600 0 0 CONOCOPHILLIPS COM 20825C104 4548 78175 SH SOLE 77975 0 200 CONTINENTAL AIRLS INC CL B 210795308 10544 495000 SH SOLE 495000 0 0 COOPER TIRE & RUBR CO COM 216831107 195 12700 SH SOLE 12700 0 0 CORGI INTERNATIONAL LIMITED SPONSORED ADR 21872Q103 2718 1025800 SH SOLE 959600 0 66200 CREDENCE SYS CORP COM 225302108 577 82925 SH SOLE 82925 0 0 CRITICARE SYS INC COM 226901106 5503 1109400 SH SOLE 1109400 0 0 CROSS CTRY HEALTHCARE INC COM 227483104 3818 214733 SH SOLE 214733 0 0 CUBIC CORP COM 229669106 6986 350000 SH SOLE 350000 0 0 CURON MED INC COM 231292103 672 1637993 SH SOLE 1637993 0 0 DANA CORP COM 235811106 552 76850 SH SOLE 76850 0 0 VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------- DEAN FOODS CO NEW COM 242370104 4030 107004 SH SOLE 107004 0 0 DESERT SUN MNG CORP COM 25043V107 2461 1000000 SH SOLE 1000000 0 0 DIGITAS INC COM 25388K104 3093 247045 SH SOLE 244945 0 2100 DISCOVERY LABORATORIES INC N COM 254668106 26435 3957400 SH SOLE 3829400 0 128000 DISCOVERY PARTNERS INTL INC COM 254675101 9419 3554400 SH SOLE 3204000 0 350400 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 7319 202900 SH SOLE 202900 0 0 DOLLAR TREE STORES INC COM 256747106 1508 63000 SH SOLE 63000 0 0 DUCKWALL-ALCO STORES INC NEW COM 264142100 9136 400000 SH SOLE 400000 0 0 DUCOMMIN INC DEL COM 264147109 9689 453600 SH SOLE 437172 0 16428 DYNEGY INC NEW CL A 26816Q101 36112 7461084 SH SOLE 7243978 0 217106 EMS TECHNOLOGIES INC COM 26873N108 8631 487600 SH SOLE 473900 0 13700 EPIQ SYS INC COM 26882D109 5720 308500 SH SOLE 308500 0 0 EASTERN VA BANKSHARES INC COM 277196101 181 8500 SH SOLE 8500 0 0 ELKCORP COM 287456107 3937 116975 SH SOLE 116975 0 0 EMAK WORLDWIDE INC COM 26861V104 3853 553600 SH SOLE 543306 0 10294 EPLUS INC COM 294268107 1974 142735 SH SOLE 142735 0 0 ESPEED INC CL A 296643109 2313 300000 SH SOLE 300000 0 0 EQUITY INNS INC COM 294703103 1612 119000 SH SOLE 89300 0 29700 EXCELLIGENCE LEARNING CORP COM 300684107 2609 371700 SH SOLE 371700 0 0 EXPONENT INC COM 30214U102 12992 457800 SH SOLE 428500 0 29300 EXTREME NETWORKS INC COM 30226D106 7160 1507400 SH SOLE 1507400 0 0 FSI INTL INC COM 302633102 597 129700 SH SOLE 129700 0 0 FTI CONSULTING INC COM 302941109 10504 382800 SH SOLE 382800 0 0 FEDERAL SIGNAL CORP COM 313855108 15603 1039500 SH SOLE 990500 0 49000 FIRST CONSULTING GROUP INC COM 31986R103 10064 1714500 SH SOLE 1655200 0 59300 FIRSTCITY FINL CORP COM 33761X107 5729 497300 SH SOLE 497300 0 0 FLANDERS CORP COM 338494107 2104 173050 SH SOLE 168050 0 5000 FLEXIBLE SOLUTIONS INTL INC COM 33938T104 290 100000 SH SOLE 100000 0 0 FLEXSTEEL INDS INC COM 339382103 777 54400 SH SOLE 26400 0 28000 FLOW INTL CORP COM 343468104 531 63100 SH SOLE 0 0 63100 FOREST OIL CORP COM PAR $0.01 346091705 436 9575 SH SOLE 9575 0 0 FORRESTER RESH INC COM 346563109 7509 400500 SH SOLE 400500 0 0 FRANKLIN BK CORP DEL COM 352451108 3348 186100 SH SOLE 161200 0 24900 FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 408 16183 SH SOLE 16139 0 44 FUEL-TECH N V COM 359523107 8952 989200 SH SOLE 989200 0 0 FUELCELL ENERGY INC COM 35952H106 12437 1468300 SH SOLE 1401800 0 66500 FURNITURE BRANDS INTL INC COM 360921100 574 25700 SH SOLE 25400 0 300 GTC BIOTHERAPEUTICS INC COM 36238T104 3257 1986182 SH SOLE 1986182 0 0 GENCO SHIPPING & TRADING LTD SHS Y2685T107 6104 350000 SH SOLE 350000 0 0 GENITOPE CORP COM 37229P507 22594 2842010 SH SOLE 2645410 0 196600 GENTEX CORP COM 371901109 322 16521 SH SOLE 16521 0 0 GERDAU AMERISTEEL CORP COM 37373P105 5922 1050000 SH SOLE 1050000 0 0 GLOBAL INDS LTD COM 379336100 1135 100000 SH SOLE 100000 0 0 GLOBAL-TECH APPLIANCES INC ORD G39320109 4441 1181200 SH SOLE 1181200 0 0 GOODRICH CORP COM 382388106 5330 129685 SH SOLE 129685 0 0 GOVERNMENT PPTYS TR INC COM 38374W107 15550 1666700 SH SOLE 1485200 0 181500 GREY WOLF INC COM 397888108 5627 728000 SH SOLE 728000 0 0 GULF ISLAND FABRICATION INC COM 402307102 11499 473000 SH SOLE 473000 0 0 BLOCK H & R INC COM 093671105 4910 200000 SH SOLE 199800 0 200 HCA INC COM 404119109 4582 90731 SH SOLE 90731 0 0 HAMPSHIRE GROUP LTD COM 408859106 11901 500000 SH SOLE 500000 0 0 HARVEST NATURAL RESOURCES IN COM 41754V103 13320 1500000 SH SOLE 1500000 0 0 HEALTHSTREAM INC COM 42222N103 218 93500 SH SOLE 93500 0 0 HECLA MNG CO COM 422704106 112 27500 SH SOLE 27500 0 0 HELMERICH & PAYNE INC COM 423452101 8107 130950 SH SOLE 130950 0 0 SCHEIN HENRY INC COM 806407102 11098 254300 SH SOLE 236800 0 17500 HEWLETT PACKARD CO COM 428236103 5447 190267 SH SOLE 190167 0 100 HOOPER HOLMES INC COM 439104100 6876 2696400 SH SOLE 2696400 0 0 HUNTINGTON BANCSHARES INC COM 446150104 355 14950 SH SOLE 14750 0 200 IMAGE SENSING SYS INC COM 45244C104 3069 230000 SH SOLE 230000 0 0 IMATION CORP COM 45245A107 9302 201900 SH SOLE 201900 0 0 INDEPENDENT BANK CORP MASS COM 453836108 5371 188257 SH SOLE 188257 0 0 INFOCUS CORP COM 45665B106 2005 500000 SH SOLE 500000 0 0 INPUT/OUTPUT INC COM 457652105 27835 3959500 SH SOLE 3770000 0 189500 INSITUFORM TECHNOLOGIES INC CL A 457667103 1937 100000 SH SOLE 100000 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 73635 4019400 SH SOLE 3896200 0 123200 INTERNATIONAL BUSINESS MACHS COM 459200101 367 4463 SH SOLE 4463 0 0 INTERSECTIONS INC COM 460981301 16577 1774890 SH SOLE 1667223 0 107667 ISOLAGEN INC COM 46488N103 5878 3177200 SH SOLE 3102200 0 75000 HUNT J B TRANS SVCS INC COM 445658107 283 12490 SH SOLE 12490 0 0 JACUZZI BRANDS INC COM 469865109 3405 405400 SH SOLE 405400 0 0 JAKKS PAC INC COM 47012E106 6551 312829 SH SOLE 312829 0 0 SANFILIPPO JOHN B & SON INC COM 800422107 15031 1162462 SH SOLE 1112100 0 50362 K TRON INTL INC COM 482730108 5477 147637 SH SOLE 117837 0 29800 K2 INC COM 482732104 5055 500000 SH SOLE 500000 0 0 KENDLE INTERNATIONAL INC COM 48880L107 9009 350000 SH SOLE 350000 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 5060 345600 SH SOLE 344500 0 1100 KINGSWAY FINL SVCS INC COM 496904103 15165 750000 SH SOLE 750000 0 0 KNIGHT CAPITAL GROUP INC CL A 499005106 2032 205500 SH SOLE 205500 0 0 L S B BANCORP N C COM 502158108 301 17024 SH SOLE 17024 0 0 LSI INDS INC COM 50216C108 2255 144000 SH SOLE 114600 0 29400 LABRANCHE & CO INC COM 505447102 5055 500000 SH SOLE 500000 0 0 LANTRONIX INC COM 516548104 9405 5700000 SH SOLE 5700000 0 0 LASERCARD CORP COM 51807U101 2398 160000 SH SOLE 160000 0 0 LEAPFROG ENTERPRISES INC CL A 52186N106 3495 300000 SH SOLE 300000 0 0 LESCO INC OHIO COM 526872106 6223 407799 SH SOLE 407799 0 0 LEVITT CORP CL A 52742P108 3752 165000 SH SOLE 165000 0 0 LIFECORE BIOMEDICAL INC COM 532187101 6843 421600 SH SOLE 419500 0 2100 VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------- LUBRIZOL CORP COM 549271104 8634 198800 SH SOLE 196800 0 2000 MEMC ELECTR MATLS INC COM 552715104 5171 233250 SH SOLE 233250 0 0 MFRI INC COM 552721102 4136 770200 SH SOLE 770200 0 0 MGIC INVT CORP WIS COM 552848103 4910 74600 SH SOLE 74500 0 100 MACE SEC INTL INC COM NEW 554335208 876 354500 SH SOLE 354500 0 0 MAGAL SECURITY SYS LTD ORD M6786D104 2625 300000 SH SOLE 300000 0 0 MAIR HOLDINGS INC COM 560635104 1804 383000 SH SOLE 383000 0 0 MANNKIND CORP COM 56400P201 1126 100000 SH SOLE 100000 0 0 MARCUS CORP COM 566330106 2162 92000 SH SOLE 92000 0 0 MARSHALL & ILSLEY CORP COM 571834100 5228 121477 SH SOLE 120877 0 600 MARTEN TRANS LTD COM 573075108 14212 780000 SH SOLE 780000 0 0 MATRIX 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612570101 3004 745457 SH SOLE 743757 0 1700 MOTHERS WK INC COM 619903107 6926 541975 SH SOLE 541975 0 0 MOTOROLA INC COM 620076109 5588 247368 SH SOLE 246968 0 400 MULTIMEDIA GAMES INC COM 625453105 18437 1993200 SH SOLE 1888400 0 104800 NATCO GROUP INC CL A 63227W203 19901 972700 SH SOLE 927800 0 44900 NCI INC CL A 62886K104 3005 218900 SH SOLE 218900 0 0 NICOR INC COM 654086107 7909 201200 SH SOLE 201200 0 0 NRG ENERGY INC COM NEW 629377508 5758 122200 SH SOLE 122000 0 200 NAM TAI ELECTRS INC COM PAR $0.02 629865205 8325 370000 SH SOLE 370000 0 0 NATIONAL HOME HEALTH CARE CO COM 636380107 4304 441000 SH SOLE 441000 0 0 NATROL INC COM 638789107 1994 1250000 SH SOLE 1250000 0 0 NATURES SUNSHINE PRODUCTS IN COM 639027101 12233 676600 SH SOLE 647200 0 29400 NEWPARK RES INC COM PAR $.01NEW 651718504 25801 3381500 SH SOLE 3244800 0 136700 NORTEL NETWORKS CORP NEW COM 656568102 2044 667900 SH SOLE 627900 0 40000 NORTHERN TECH INTL CORP COM 665809109 1013 150000 SH SOLE 150000 0 0 NORTHWEST PIPE CO COM 667746101 6700 250000 SH SOLE 250000 0 0 NOVELL INC COM 670006105 11938 1352000 SH SOLE 1352000 0 0 NU SKIN ENTERPRISES INC CL A 67018T105 3516 200000 SH SOLE 200000 0 0 O I CORP COM 670841105 3049 245900 SH SOLE 245900 0 0 OSI SYSTEMS INC COM 671044105 3678 200000 SH SOLE 200000 0 0 OAKLEY INC COM 673662102 8080 550000 SH SOLE 550000 0 0 OFFSHORE LOGISTICS INC COM 676255102 5840 200000 SH SOLE 200000 0 0 OIL DRI CORP AMER COM 677864100 10820 613700 SH SOLE 577400 0 36300 OMNICELL INC COM 68213N109 3788 317000 SH SOLE 317000 0 0 ON ASSIGNMENT INC COM 682159108 5455 500000 SH SOLE 500000 0 0 OPINION RESH CORP COM 683755102 1351 239989 SH SOLE 239989 0 0 OPNET TECHNOLOGIES INC COM 683757108 4595 500000 SH SOLE 500000 0 0 OREGON STL MLS INC COM 686079104 6312 214550 SH SOLE 214550 0 0 ORTHOLOGIC CORP COM 68750J107 26858 5481324 SH SOLE 5199724 0 281600 ORTHOVITA INC COM 68750U102 4379 1128572 SH SOLE 1128572 0 0 OSTEOTECH INC COM 688582105 8070 1623700 SH SOLE 1623700 0 0 OUTLOOK GROUP CORP COM 690113105 3315 300000 SH SOLE 300000 0 0 GLATFELTER COM 377316104 5131 361600 SH SOLE 360700 0 900 PAB BANKSHARES INC COM 69313P101 1825 100000 SH SOLE 100000 0 0 PDI INC COM 69329V100 19164 1419563 SH SOLE 1373445 0 46118 PMA CAP CORP CL A 693419202 1887 206665 SH SOLE 206665 0 0 PRAECIS PHARMACEUTICALS INC COM 739421402 677 168840 SH SOLE 168840 0 0 PRG-SCHULTZ INTERNATIONAL IN COM 69357C107 3334 5466300 SH SOLE 5113100 0 353200 PACIFIC PREMIER BANCORP COM 69478X105 123 10400 SH SOLE 10400 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 8625 275200 SH SOLE 275200 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173100 6710 1100000 SH SOLE 1100000 0 0 PAREXEL INTL CORP COM 699462107 6160 304025 SH SOLE 304025 0 0 PATRICK INDS INC COM 703343103 4221 398625 SH SOLE 362325 0 36300 PATTERSON UTI ENERGY INC COM 703481101 3987 121000 SH SOLE 121000 0 0 PEROT SYS CORP CL A 714265105 7424 525000 SH SOLE 525000 0 0 PETMED EXPRESS INC COM 716382106 1002 70686 SH SOLE 70686 0 0 PFIZER INC COM 717081103 4968 213050 SH SOLE 212850 0 200 PHOENIX COS INC NEW COM 71902E109 4092 300000 SH SOLE 300000 0 0 PHOENIX FOOTWEAR GROUP INC COM 71903M100 3445 656200 SH SOLE 656200 0 0 PLAINS EXPL& PRODTN CO COM 726505100 14219 357900 SH SOLE 348200 0 9700 PLATO LEARNING INC COM 72764Y100 11906 1499499 SH SOLE 1388099 0 111400 POORE BROS INC COM 732813100 5711 2025300 SH SOLE 2025300 0 0 POWELL INDS INC COM 739128106 5405 300966 SH SOLE 300966 0 0 PRESIDENTIAL LIFE CORP COM 740884101 24480 1285700 SH SOLE 1242400 0 43300 PRINCETON REVIEW INC COM 742352107 7110 1380600 SH SOLE 1338600 0 42000 PROVIDENT FINL SVCS INC COM 74386T105 5090 275000 SH SOLE 275000 0 0 PURECYCLE CORP COM NEW 746228303 3764 500000 SH SOLE 500000 0 0 QUAKER CHEM CORP COM 747316107 192 10000 SH SOLE 10000 0 0 QUANTUM FUEL SYS TECH WORLDW COM 747906204 2209 824200 SH SOLE 824200 0 0 QUINTANA MARITIME LTD SHS Y7169G109 292 28700 SH SOLE 28700 0 0 QUOVADX INC COM 74913K106 13869 5754700 SH SOLE 5534700 0 220000 RCM TECHNOLOGIES INC COM NEW 749360400 7853 1539800 SH SOLE 1421000 0 118800 VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------- RPM INTL INC COM 749685103 4369 251500 SH SOLE 250000 0 1500 REALNETWORKS INC COM 75605L104 1315 169500 SH SOLE 159500 0 10000 REGIS CORP MINN COM 758932107 15467 401000 SH SOLE 401000 0 0 RENT A CTR INC NEW COM 76009N100 4403 233450 SH SOLE 233450 0 0 RIVERVIEW BANCORP INC COM 769397100 501 21500 SH SOLE 21500 0 0 ROBBINS & MYERS INC COM 770196103 5865 288200 SH SOLE 288200 0 0 RUBY TUESDAY INC COM 781182100 4753 183590 SH SOLE 183590 0 0 RYDER SYS INC COM 783549108 5774 140760 SH SOLE 140760 0 0 SCPIE HLDGS INC COM 78402P104 7488 360000 SH SOLE 360000 0 0 SCS TRANSN INC COM 81111T102 5313 250000 SH SOLE 250000 0 0 SRI/SURGICAL EXPRESS INC COM 78464W104 5132 855300 SH SOLE 791400 0 63900 SAPPI LTD SPON ADR NEW 803069202 138 12200 SH SOLE 12200 0 0 SCIENTIFIC ATLANTA INC COM 808655104 538 12500 SH SOLE 12500 0 0 SCOTTISH RE GROUP LTD ORD G7885T104 5487 223500 SH SOLE 220900 0 2600 SEAGATE TECHNOLOGY SHS G7945J104 4797 239950 SH SOLE 239950 0 0 SEGMENTZ INC COM 815801105 68 100000 SH SOLE 100000 0 0 SENESCO TECHNOLOGIES INC COM NEW 817208408 2042 1438300 SH SOLE 1428300 0 10000 SENSIENT TECHNOLOGIES CORP COM 81725T100 20338 1136229 SH SOLE 1105329 0 30900 SHOE CARNIVAL INC COM 824889109 13791 629130 SH SOLE 618130 0 11000 VOTING AUTHORITY VALUE SHARES SH/ PUT/ INVSTMT OTHER ----------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------- SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 2080 75100 SH SOLE 75100 0 0 SIRNA THERAPEUTICS INC COM 829669100 22366 8293860 SH SOLE 8133840 0 160020 SITEL CORP COM 82980K107 21175 6786800 SH SOLE 6310600 0 476200 SKYWORKS COLUTIONS INC COM 83088M102 6447 1266600 SH SOLE 1264000 0 2600 SMITH & WOLLENSKY RESTAURANT COM 831758107 3420 665400 SH SOLE 665400 0 0 SMITHFIELD FOODS INC COM 832248108 3916 127975 SH SOLE 127975 0 0 SMITHWAY MTR XPRESS CORP CL A 832653109 1157 129676 SH SOLE 129676 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 1960 138300 SH SOLE 138300 0 0 SONIC INNOVATIONS INC COM 83545M109 1692 400000 SH SOLE 400000 0 0 SOUTHWEST AIRLS CO COM 844741108 3296 200638 SH SOLE 200638 0 0 SPAR GROUP INC COM 784933103 1106 1228000 SH SOLE 1228000 0 0 SPECIALTY LABORATORIES INC COM 84749R100 11134 853200 SH SOLE 853200 0 0 STAAR SURGICAL CO COM PAR $0.01 852312305 26713 3381354 SH SOLE 3175854 0 205500 STANDARD MTR PRODS INC COM 853666105 4164 451100 SH SOLE 451100 0 0 STANDARD REGISTER CO COM 853887107 1581 100000 SH SOLE 100000 0 0 STEMCELLS INC COM 85857R105 892 575658 SH SOLE 575658 0 0 STEPAN CO COM 858586100 2501 93000 SH SOLE 93000 0 0 STERLING FINL CORP WASH COM 859319105 15334 613847 SH SOLE 613847 0 0 STEWART & STEVENSON SVCS INC COM 860342104 25424 1203200 SH SOLE 1178600 0 24600 STIFEL FINL CORP COM 860630102 9844 261866 SH SOLE 253133 0 8733 STRATAGENE CORP COM 86269H107 1839 183216 SH SOLE 183216 0 0 STRIDE RITE CORP COM 863314100 8832 651300 SH SOLE 651300 0 0 SUMMIT BK CORP GA COM 866013105 1614 104100 SH SOLE 104100 0 0 SUNOPTA INC COM 8676EP108 1064 202200 SH SOLE 202200 0 0 SUNTERRA CORP COM NEW 86787D208 16872 1186500 SH SOLE 1124400 0 62100 SUNTRUST BKS INC COM 867914103 4848 66625 SH SOLE 66525 0 100 SUPERIOR INDS INTL INC COM 868168105 5634 253100 SH SOLE 253100 0 0 SWIFT ENERGY CO COM 870738101 7896 175200 SH SOLE 175200 0 0 SWIFT TRANSN CO COM 870756103 7105 350000 SH SOLE 350000 0 0 SYCAMORE NETWORKS INC COM 871206108 43 10000 SH SOLE 10000 0 0 TD BANKNORTH INC COM 87235A101 293 10080 SH SOLE 7780 0 2300 TODCO CL A 88889T107 7231 190000 SH SOLE 190000 0 0 TASTY BAKING CO COM 876553306 2314 308500 SH SOLE 308500 0 0 TELETECH HOLDINGS INC COM 879939106 8994 746400 SH SOLE 743400 0 3000 TELEFONOS DE MEXICO S A APON ADR ORD L 879403780 5050 204610 SH SOLE 204210 0 400 GEO GROUP INC COM 36159R103 8872 386900 SH SOLE 386900 0 0 THIRD WAVE TECHNOLOGIES COM 88428W108 3367 1129700 SH SOLE 1129700 0 0 TIDEWATER INC COM 886423102 12813 288197 SH SOLE 287197 0 1000 TIER TECHNOLOGIES INC CL B 88650Q100 12931 1761730 SH SOLE 1687559 0 74171 TRINITY BIOTECH PLC SPON ADR NEW 896438306 3167 388000 SH SOLE 385900 0 2100 TRIUMPH GROUP INC NEW COM 896818101 4190 114450 SH SOLE 113750 0 700 TYSON FOODS INC CL A 902494103 1411 82500 SH SOLE 82500 0 0 URS CORP NEW COM 903236107 17432 463501 SH SOLE 456201 0 7300 US XPRESS ENTERPRISES INC CL A 90338N103 912 52500 SH SOLE 52500 0 0 UNION PAC CORP COM 907818108 6521 80991 SH SOLE 80791 0 200 UNITED AUTO GROUP INC COM 909440109 4721 123575 SH SOLE 123575 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 1875 125000 SH SOLE 125000 0 0 UNUMPROVIDENT CORP COM 91529Y106 17648 775757 SH SOLE 775457 0 300 UROPLASTY INC COM 917277204 1503 555000 SH SOLE 555000 0 0 URSTADT BIDDLE PPTYS INS COM 917286205 336 20700 SH SOLE 16700 0 4000 VAIL BANKS INC COM 918779109 449 29945 SH SOLE 29945 0 0 VESTA INS GROUP INC COM 925391104 2513 2512800 SH SOLE 2430000 0 82800 VICAL INC COM 925602104 1260 300000 SH SOLE 300000 0 0 VOLT INFORMATION SCIENCES IN COM 928703107 6609 347500 SH SOLE 347500 0 0 W-H ENERGY SVCS INC COM 92925E108 341 10300 SH SOLE 10300 0 0 WCI CMNTYS INC COM 92923C104 5188 193235 SH SOLE 193135 0 100 WABASH NATL CORP COM 929566107 5133 269475 SH SOLE 269475 0 0 WAL MART STORES INC COM 931142103 5888 125820 SH SOLE 125820 0 0 WASHINGTON GROUP INTL INC COM NEW 938862208 3905 73715 SH SOLE 73715 0 0 WASHINGTON MUT INC COM 939322103 3257 74872 SH SOLE 74872 0 0 WATCHGUARD TECHNOLOGIES INC COM 941105108 15756 4258505 SH SOLE 4007005 0 251500 WAUSAU PAPER CORP COM 943315101 6518 550000 SH SOLE 550000 0 0 WESTERN SILVER CORP COM 959531104 11276 1000400 SH SOLE 1000400 0 0 WHITING PETE CORP NEW COM 966387102 8020 200500 SH SOLE 200500 0 0 WISCONSIN ENERGY CORP COM 976657106 3337 85430 SH SOLE 85230 0 200 ZAREBA SYSTEMS INC COM 989131107 1846 228000 SH SOLE 228000 0 0 ZIX CORP COM 98974P100 2937 1537500 SH SOLE 1537500 0 0 TOTAL 2240819 TOTAL ENTRIES 347