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: September 30, 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 November 10, 2005 ----------------- -------------------- ----------------- [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: 331 ----------- Form 13F Information Table Value Total: $ 2274428 ----------- (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 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 SCHULMAN A INC COM 808194104 2695 150155 SH SOLE 150155 0 0 AAR CORP COM 000361105 8590 500000 SH SOLE 500000 0 0 ABRAXAS PETE CORP COM 003830106 3180 401000 SH SOLE 401000 0 0 ACCESS PHARMACEUTICALS INC COM NEW 00431M209 1411 1603500 SH SOLE 1523500 0 80000 ACTIVE POWER INC COM 00504W100 2065 500000 SH SOLE 500000 0 0 ACTUATE CORP COM 00508B102 9082 3589900 SH SOLE 3580400 0 9500 ADTRAN INC COM 00738A106 432 13700 SH SOLE 13700 0 0 AGRIUM INC COM 008916108 10907 495780 SH SOLE 493280 0 2500 AIR METHODS CORP COM PAR $.06 009128307 4951 437400 SH SOLE 437400 0 0 AIRNET SYS INC COM 009417106 6652 1400400 SH SOLE 1310400 0 90000 ALCOA INC COM 013817101 1251 51239 SH SOLE 51239 0 0 ALERIS INTL INC COM 014477103 4118 150000 SH SOLE 150000 0 0 ALLEGHENY ENERGY INC COM 017361106 5557 180900 SH SOLE 180900 0 0 ALLIANCE ATLANTIS COMMUNICAT CL B NON-VTG 01853E204 36616 1333200 SH SOLE 1278100 0 55100 ALLIED DEFENSE GROUP INC COM 019118108 3360 149000 SH SOLE 149000 0 0 ALLSTATE CORP COM 020002101 4967 89832 SH SOLE 89732 0 100 ALMOST FAMILY INC COM 020409108 1226 75682 SH SOLE 75682 0 0 AMERCO COM 023586100 5819 100000 SH SOLE 100000 0 0 AMERICAN PHYSICIANS SVC GROU COM 028882108 2270 185649 SH SOLE 185649 0 0 AMERISERV FINL INC COM 03074A102 4591 1130100 SH SOLE 1126200 0 3900 AMERUS GROUP CO COM 03072M108 14343 250000 SH SOLE 250000 0 0 ANADARKO PETE CORP COM 032511107 5634 58845 SH SOLE 58845 0 0 ANALOGIC CORP COM PAR $0.05 032657207 26412 523950 SH SOLE 497900 0 26050 ANALYSTS INTL CORP COM 032681108 4240 1600000 SH SOLE 1600000 0 0 ANDREW CORP COM 034425108 1589 142515 SH SOLE 142515 0 0 ANDRX CORP DEL ANDRX CORP 034553107 6209 402400 SH SOLE 401900 0 500 ANGIOTECH PHARMACEUTICALS IN COM 034918102 1402 100000 SH SOLE 100000 0 0 ANSWERTHINK INC COM 036916104 390 100000 SH SOLE 100000 0 0 AP PHARMA INC COM 00202J104 2499 1436451 SH SOLE 1423851 0 12600 APHTON CORP COM 03759P101 2350 3671896 SH SOLE 2996896 0 675000 APOGEE ENTERPRISES INC COM 037598109 8827 516200 SH SOLE 511200 0 5000 APPLIED MATLS INC COM 038222105 2755 162425 SH SOLE 162425 0 0 ASHWORTH INC COM 04516H101 4156 608431 SH SOLE 608431 0 0 ASSOCIATED BANC CORP COM 045487105 13771 451816 SH SOLE 451816 0 0 ASSURED GUARANTY LTD COM G0585R106 13781 575900 SH SOLE 551800 0 24100 AVNET INC COM 053807103 4419 180750 SH SOLE 180750 0 0 B & G FOODS INC NEW UNIT 99/99/9999 05508R205 4428 350000 SH SOLE 350000 0 0 BADGER METER INC COM 056525108 21031 534600 SH SOLE 508700 0 25900 BARNES GROUP INC COM 067806109 9682 270000 SH SOLE 270000 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 18847 824804 SH SOLE 798772 0 26032 BIOSCRIP INC COM 09069N108 13366 2056352 SH SOLE 1927928 0 128424 BIOVAIL CORP COM 09067J109 29127 1247585 SH SOLE 1176085 0 71500 BOB EVANS FARMS COM 096761101 4542 200000 SH SOLE 200000 0 0 BOMBAY CO INC COM 097924104 1323 300000 SH SOLE 300000 0 0 BORG WARNER INC COM 099724106 3554 62950 SH SOLE 62950 0 0 BORLAND SOFTWARE CORP COM 099849101 19040 3271400 SH SOLE 3196000 0 75400 BOWNE & CO INC COM 103043105 5156 360800 SH SOLE 359600 0 1200 BRIGHAM EXPLORATION CO COM 109178103 10167 791200 SH SOLE 707700 0 83500 BROADWING CORP COM 11161E101 5419 1086000 SH SOLE 955500 0 130500

BUCA INC COM 117769109 14340 2362450 SH SOLE 2182450 0 180000 BUTLER INTL INC NEW COM 123649105 385 100000 SH SOLE 100000 0 0 CALGON CARBON CORP COM 129603106 3192 404100 SH SOLE 404100 0 0 CALLON PETE CO DEL COM 13123X102 8106 387300 SH SOLE 385800 0 1500 CAMBREX CORP COM 132011107 2853 150450 SH SOLE 150450 0 0 CAPITAL BK CORP COM 139793103 1507 100000 SH SOLE 100000 0 0 CAPITAL LEASE FDG INC COM 140288101 4140 400000 SH SOLE 400000 0 0 CARLISLE COS INC COM 142339100 3759 59139 SH SOLE 59139 0 0 CASUAL MALE RETAIL GRP INC COM 148711104 6880 1000000 SH SOLE 1000000 0 0 CENTRAL PKG CORP COM 154785109 7512 502500 SH SOLE 502500 0 0 CHAMPS ENTMT INC DEL COM 158787101 3667 529900 SH SOLE 529900 0 0 CHEMTURA CORP COM 163893100 167 13439 SH SOLE 12217 0 1222 CHIQUITA BRANDS INTL INC COM 170032809 5320 190350 SH SOLE 190150 0 200 CHITTENDEN CORP COM 170228100 3314 125000 SH SOLE 125000 0 0 CLARK INC COM 181457102 5747 341500 SH SOLE 341500 0 0 WILLIAMS CLAYTON ENERGY INC COM 969490101 37669 871970 SH SOLE 832070 0 39900 COMFORT SYS USA INC COM 199908104 7082 803900 SH SOLE 800400 0 3500 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1057 60800 SH SOLE 60800 0 0 COMPEX TECHNOLOGIES INC COM 204513105 5895 1364600 SH SOLE 1304600 0 60000 COMPUDYNE CORP COM PAR $0.75 204795306 2900 500000 SH SOLE 500000 0 0 CONOCOPHILLIPS COM 20825C104 6696 95779 SH SOLE 95579 0 200 CONTINENTAL AIRLS INC CL B 210795308 12049 1247300 SH SOLE 1247300 0 0 COOPER TIRE & RUBR CO COM 216831107 186 12150 SH SOLE 12150 0 0 COVENANT TRANS INC CL A 22284P105 5360 442981 SH SOLE 442981 0 0 CREDENCE SYS CORP COM 225302108 89 11175 SH SOLE 11175 0 0 CRITICARE SYS INC COM 226901106 2598 509400 SH SOLE 509400 0 0 CROSS CTRY HEALTHCARE INC COM 227483104 7574 408094 SH SOLE 407494 0 600 CUBIC CORP COM 229669106 3424 200000 SH SOLE 200000 0 0 CURON MED INC COM 231292103 1000 2500000 SH SOLE 2500000 0 0 DANA CORP COM 235811106 856 90950 SH SOLE 90950 0 0 DEAN FOODS CO NEW COM 242370104 4199 108054 SH SOLE 108054 0 0 DIGITAS INC COM 25388K104 2843 250225 SH SOLE 248125 0 2100 DISCOVERY LABORATORIES INC N COM 254668106 26160 4055800 SH SOLE 3927800 0 128000 DISCOVERY PARTNERS INTL INC COM 254675101 11803 3665600 SH SOLE 3308400 0 357200 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 7566 224700 SH SOLE 224700 0 0 DOLLAR TREE STORES INC COM 256747106 3333 153950 SH SOLE 153950 0 0 DUCKWALL-ALCO STORES INC NEW COM 264142100 9264 400000 SH SOLE 400000 0 0 DUCOMMUN INC DEL COM 264147109 6039 274500 SH SOLE 273700 0 800 DYNEGY INC NEW CL A 26816Q101 36102 7664900 SH SOLE 7426800 0 238100 ELKCORP COM 287456107 2968 82975 SH SOLE 82975 0 0 EMAK WORLDWIDE INC COM 26861V104 3795 500000 SH SOLE 500000 0 0 EMS TECHNOLOGIES INC COM 26873N108 7642 466800 SH SOLE 453100 0 13700 ENCANA CORP COM 292505104 227 3900 SH SOLE 3900 0 0 EPIQ SYS INC COM 26882D109 6622 303500 SH SOLE 303500 0 0 EPLUS INC COM 294268107 1170 89632 SH SOLE 89632 0 0 EQUITY INNS INC COM 294703103 3853 285400 SH SOLE 223700 0 61700 ESPEED INC CL A 296643109 2274 300000 SH SOLE 300000 0 0 EXCELLIGENCE LEARNING CORP COM 300684107 2414 364100 SH SOLE 364100 0 0 EXPONENT INC COM 30214U102 14923 475400 SH SOLE 446100 0 29300 FEDERAL SIGNAL CORP COM 313855108 22255 1302200 SH SOLE 1253200 0 49000 FIRST CONSULTING GROUP INC COM 31986R103 9457 1630500 SH SOLE 1571200 0 59300 FIRSTCITY FINL CORP COM 33761X107 4113 337100 SH SOLE 337100 0 0 FLEXIBLE SOLUTIONS INTL INC COM 33938T104 387 100000 SH SOLE 100000 0 0 FLEXSTEEL INDS INC COM 339382103 805 53600 SH SOLE 25600 0 28000 FLOW INTL CORP COM 343468104 487 63100 SH SOLE 0 0 63100 FORRESTER RESH INC COM 346563109 8338 400500 SH SOLE 400500 0 0 FRANKLIN BK CORP DEL COM 352451108 3409 211100 SH SOLE 186200 0 24900 FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 464 19830 SH SOLE 19830 0 0 FTI CONSULTING INC COM 302941109 10124 400800 SH SOLE 400800 0 0 FUEL-TECH N V COM 359523107 9250 1000000 SH SOLE 1000000 0 0 FUELCELL ENERGY INC COM 35952H106 16009 1459300 SH SOLE 1394300 0 65000 FURNITURE BRANDS INTL INC COM 360921100 1153 63950 SH SOLE 63650 0 300 GENITOPE CORP COM 37229P507 17133 2468750 SH SOLE 2277250 0 191500 GENTEX CORP COM 371901109 333 19121 SH SOLE 19121 0 0 GERDAU AMERISTEEL CORP COM 37373P105 4680 900000 SH SOLE 900000 0 0 GLOBAL INDS LTD COM 379336100 2196 149000 SH SOLE 149000 0 0 GLOBAL-TECH APPLIANCES INC ORD G39320109 5918 1181200 SH SOLE 1181200 0 0 GOODRICH CORP COM 382388106 4980 112310 SH SOLE 112310 0 0 GOREMOTE INTERNET COMMUNICAT COM 382859106 650 500000 SH SOLE 500000 0 0 GOVERNMENT PPTYS TR INC COM 38374W107 12492 1274700 SH SOLE 1177400 0 97300 GTC BIOTHERAPEUTICS INC COM 36238T104 1811 1303122 SH SOLE 1303122 0 0 GULF ISLAND FABRICATION INC COM 402307102 6257 217632 SH SOLE 217632 0 0 GULFMARK OFFSHORE INC COM 402629109 4553 141100 SH SOLE 141100 0 0 HAMPSHIRE GROUP LTD COM 408859106 11800 500000 SH SOLE 500000 0 0 HARVEST NATURAL RESOURCES IN COM 41754V103 16095 1500000 SH SOLE 1500000 0 0 HCA INC COM 404119109 4064 84806 SH SOLE 84806 0 0 HEALTHSTREAM INC COM 42222N103 276 93500 SH SOLE 93500 0 0 HECLA MNG CO COM 422704106 219 50000 SH SOLE 50000 0 0 HELMERICH & PAYNE INC COM 423452101 8814 145950 SH SOLE 145950 0 0 SCHEIN HENRY INC COM 806407102 11047 259200 SH SOLE 241700 0 17500 HEWLETT PACKARD CO COM 428236103 5578 191017 SH SOLE 190917 0 100 HILLENBRAND INDS INC COM 431573104 447 9500 SH SOLE 9400 0 100 HOOPER HOLMES INC COM 439104100 9365 2383000 SH SOLE 2383000 0 0 HUNTINGTON BANCSHARES INC COM 446150104 2719 121000 SH SOLE 120800 0 200 IMAGE SENSING SYS INC COM 45244C104 2870 260000 SH SOLE 260000 0 0 IMATION CORP COM 45245A107 9513 221900 SH SOLE 221900 0 0 INDEPENDENT BANK CORP MASS COM 453836108 5719 188257 SH SOLE 188257 0 0 INFOCUS CORP COM 45665B106 1725 500000 SH SOLE 500000 0 0 INPUT/OUTPUT INC COM 457652105 30831 3863500 SH SOLE 3674000 0 189500 INSITUFORM TECHNOLOGIES INC CL A 457667103 1729 100000 SH SOLE 100000 0 0 INTERDIGITAL COMMUNICATIONS COM 45866A105 79440 4044800 SH SOLE 3922000 0 122800 INTERNATIONAL BUSINESS MACHS COM 459200101 374 4663 SH SOLE 4663 0 0 INTERSECTIONS INC COM 460981301 20144 1685700 SH SOLE 1596200 0 89500 ISOLAGEN INC COM 46488N103 5517 3343800 SH SOLE 3313800 0 30000 JACUZZI BRANDS INC COM 469865109 3243 402350 SH SOLE 402350 0 0 JAKKS PAC INC COM 47012E106 12103 745725 SH SOLE 743725 0 2000 JEFFERSON PILOT CORP COM 475070108 5594 109327 SH SOLE 107927 0 1400 SANFILIPPO JOHN B & SON INC COM 800422107 11102 634400 SH SOLE 606100 0 28300 K2 INC COM 482732104 8023 703800 SH SOLE 703800 0 0 KENDLE INTERNATIONAL INC COM 48880L107 13164 467800 SH SOLE 467800 0 0 KERYX BIOPHARMACEUTICALS INC COM 492515101 4807 305000 SH SOLE 303900 0 1100 KINGSWAY FINL SVCS INC COM 496904103 17940 1000000 SH SOLE 1000000 0 0 K TRON INTL INC COM 482730108 5602 165595 SH SOLE 135795 0 29800 LABRANCHE & CO INC COM 505447102 4345 500000 SH SOLE 500000 0 0 LANTRONIX INC COM 516548104 7866 5700000 SH SOLE 5700000 0 0 LASERCARD CORP COM 51807U101 1808 203844 SH SOLE 203844 0 0 LEAPFROG ENTERPRISES INC CL A 52186N106 4431 300000 SH SOLE 300000 0 0 LEARNING CARE GROUP INC COM 52200L102 885 150000 SH SOLE 150000 0 0 LESCO INC OHIO COM 526872106 6464 407799 SH SOLE 407799 0 0 LEVITT CORP CL A 52742P108 4620 201400 SH SOLE 201400 0 0 LIFECORE BIOMEDICAL INC COM 532187101 5624 465154 SH SOLE 450754 0 14400 LIONBRIDGE TECHNOLOGIES INC COM 536252109 881 130449 SH SOLE 130449 0 0 LSI INDS INC COM 50216C108 6895 362900 SH SOLE 330600 0 32300 LUBRIZOL CORP COM 549271104 8462 195300 SH SOLE 193300 0 2000 MACE SEC INTL INC COM NEW 554335208 259 100000 SH SOLE 100000 0 0 MAIR HOLDINGS INC COM 560635104 3619 620700 SH SOLE 578300 0 42400 MANNKIND CORP COM 56400P201 890 65000 SH SOLE 65000 0 0 MARCUS CORP COM 566330106 2016 100600 SH SOLE 100600 0 0 MARSHALL & ILSLEY CORP COM 571834100 4978 114402 SH SOLE 113802 0 600 MARTEN TRANS LTD COM 573075108 13156 520000 SH SOLE 520000 0 0 MATRIX SVC CO COM 576853105 5933 737000 SH SOLE 727000 0 10000 MCDATA CORP CL A 580031201 15960 3045781 SH SOLE 3045781 0 0 MEADE INSTRUMENTS CORP COM 583062104 1064 400000 SH SOLE 400000 0 0 MEADOWBROOK INS GROUP INC COM 58319P108 5620 1003500 SH SOLE 1003500 0 0 MED-DESIGN CORP COM 583926100 27 57000 SH SOLE 57000 0 0 MEDICAL PPTYS TRUST INC COM 58463J304 6438 729200 SH SOLE 724800 0 4400 MEDTOX SCIENTIFIC INC COM NEW 584977201 4804 662600 SH SOLE 630100 0 32500 MEDWAVE INC COM 585081102 3381 1050000 SH SOLE 1050000 0 0 MEMC ELECTR MATLS INC COM 552715104 5432 238350 SH SOLE 238350 0 0 MENTOR GRAPHICS CORP COM 587200106 6725 782000 SH SOLE 779800 0 2200 MESA AIR GROUP INC COM 590479101 8682 1052400 SH SOLE 1052400 0 0 METASOLV INC COM 59139P104 1635 500000 SH SOLE 500000 0 0 MET PRO CORP COM 590876306 4653 300000 SH SOLE 300000 0 0 MFRI INC COM 552721102 4596 694200 SH SOLE 694200 0 0 MGIC INVT CORP WIS COM 552848103 4001 62325 SH SOLE 62225 0 100 MIDWEST AIR GROUP INC COM 597911106 3539 1661400 SH SOLE 1661400 0 0 MOCON INC COM 607494101 1551 160245 SH SOLE 160245 0 0 MONTEREY GOURMET FOODS INC COM 612570101 2853 711457 SH SOLE 709757 0 1700 MOTHERS WK INC COM 619903107 4097 409700 SH SOLE 409700 0 0 MOTOROLA INC COM 620076109 5251 237728 SH SOLE 237328 0 400 MULTIMEDIA GAMES INC COM 625453105 20245 2085000 SH SOLE 1975600 0 109400 NAM TAI ELECTRS INC COM PAR $0.02 629865205 9409 370000 SH SOLE 370000 0 0 NATCO GROUP INC CL A 63227W203 28376 1120700 SH SOLE 1061900 0 58800 NATIONAL HOME HEALTH CARE CO COM 636380107 4992 441000 SH SOLE 441000 0 0 NATROL INC COM 638789107 2530 1076500 SH SOLE 1076500 0 0 NATURES SUNSHINE PRODUCTS IN COM 639027101 15510 667400 SH SOLE 639400 0 28000 NEWPARK RES INC COM PAR $.01 NEW 651718504 28044 3330600 SH SOLE 3193900 0 136700 NICOR INC COM 654086107 9507 226200 SH SOLE 226200 0 0 NORTEL NETWORKS CORP NEW COM 656568102 2308 707900 SH SOLE 667900 0 40000 NORTHERN TECH INTL CORP COM 665809109 860 136700 SH SOLE 136700 0 0 NORTHWEST PIPE CO COM 667746101 6473 250000 SH SOLE 250000 0 0 NOVELL INC COM 670006105 11190 1502000 SH SOLE 1502000 0 0 NRG ENERGY INC COM NEW 629377508 5440 127700 SH SOLE 127500 0 200 NU SKIN ENTERPRISES INC CL A 67018T105 7620 400000 SH SOLE 400000 0 0 O I CORP COM 670841105 2619 245900 SH SOLE 245900 0 0 OAKLEY INC COM 673662102 9537 550000 SH SOLE 550000 0 0 OFFSHORE LOGISTICS INC COM 676255102 7400 200000 SH SOLE 200000 0 0 OIL DRI CORP AMER COM 677864100 10934 627900 SH SOLE 591600 0 36300 OMNICELL INC COM 68213N109 3084 317000 SH SOLE 317000 0 0 ON ASSIGNMENT INC COM 682159108 7806 913000 SH SOLE 913000 0 0 OPINION RESH CORP COM 683755102 1403 211939 SH SOLE 211939 0 0 OPNET TECHNOLOGIES INC COM 683757108 2947 350000 SH SOLE 350000 0 0 OPPENHEIMER HLDGS INC CL A NON-VTG 683797104 1789 90000 SH SOLE 90000 0 0 OREGON STL MLS INC COM 686079104 6005 215250 SH SOLE 215250 0 0 ORTHOLOGIC CORP COM 68750J107 20634 5387446 SH SOLE 5102346 0 285100 ORTHOVITA INC COM 68750U102 4830 1128572 SH SOLE 1128572 0 0 OSI SYSTEMS INC COM 671044105 3160 200000 SH SOLE 200000 0 0 OSTEOTECH INC COM 688582105 8471 1478300 SH SOLE 1478300 0 0 OUTLOOK GROUP CORP COM 690113105 5138 323138 SH SOLE 323138 0 0 GLATFELTER COM 377316104 5102 362100 SH SOLE 361200 0 900 PAB BANKSHARES INC COM 69313P101 1561 100000 SH SOLE 100000 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 2679 100650 SH SOLE 100650 0 0 PARAMETRIC TECHNOLOGY CORP COM 699173100 6970 1000000 SH SOLE 1000000 0 0 PAREXEL INTL CORP COM 699462107 6108 304025 SH SOLE 304025 0 0 PATRICK INDS INC COM 703343103 4127 385725 SH SOLE 349425 0 36300 PATTERSON UTI ENERGY INC COM 703481101 3734 103500 SH SOLE 103500 0 0 PDI INC COM 69329V100 11139 727591 SH SOLE 727591 0 0 PEROT SYS CORP CL A 714265105 7429 525000 SH SOLE 525000 0 0 PETMED EXPRESS INC COM 716382106 732 70686 SH SOLE 70686 0 0 PFIZER INC COM 717081103 4636 185650 SH SOLE 185650 0 0 PHOENIX COS INC NEW COM 71902E109 3660 300000 SH SOLE 300000 0 0 PHOENIX FOOTWEAR GROUP INC COM 71903M100 2687 423800 SH SOLE 423800 0 0 PLAINS EXPL& PRODTN CO COM 726505100 15445 360700 SH SOLE 351000 0 9700 PLATO LEARNING INC COM 72764Y100 11480 1508499 SH SOLE 1397099 0 111400 POINT 360 COM 730698107 413 181200 SH SOLE 181200 0 0 POORE BROS INC COM 732813100 6226 1142400 SH SOLE 1142400 0 0 POWELL INDS INC COM 739128106 4378 200000 SH SOLE 200000 0 0 PRAECIS PHARMACEUTICALS INC COM 739421105 403 875200 SH SOLE 875200 0 0 PRESIDENTIAL LIFE CORP COM 740884101 22963 1275700 SH SOLE 1232400 0 43300 PRG-SCHULTZ INTERNATIONAL IN COM 69357C107 9270 3079852 SH SOLE 2835052 0 244800 PRINCETON REVIEW INC COM 742352107 6822 1135100 SH SOLE 1098800 0 36300 PROVIDENT FINL SVCS INC COM 74386T105 4840 275000 SH SOLE 275000 0 0 PURECYCLE CORP COM NEW 746228303 3400 500000 SH SOLE 500000 0 0 QUANTUM FUEL SYS TECH WORLDW COM 74765E109 5378 1311799 SH SOLE 1311799 0 0 QUOVADX INC COM 74913K106 16603 5479500 SH SOLE 5259500 0 220000 RCM TECHNOLOGIES INC COM NEW 749360400 9026 1501800 SH SOLE 1383000 0 118800 REALNETWORKS INC COM 75605L104 12788 2239500 SH SOLE 2229500 0 10000 REGIS CORP MINN COM 758932107 15922 421000 SH SOLE 421000 0 0 RIO NARCEA GOLD MINES INC COM 766909105 698 500000 SH SOLE 500000 0 0 ROBBINS & MYERS INC COM 770196103 531 23600 SH SOLE 23600 0 0 RPM INTL INC COM 749685103 3586 194900 SH SOLE 193400 0 1500 RUBY TUESDAY INC COM 781182100 3736 171700 SH SOLE 171700 0 0 RYDER SYS INC COM 783549108 4584 133960 SH SOLE 133960 0 0 SAPPI LTD SPON ADR NEW 803069202 220 18700 SH SOLE 18700 0 0 SBC COMMUNICATIONS INC COM 78387G103 4485 187125 SH SOLE 187025 0 100 SCIENTIFIC ATLANTA INC COM 808655104 754 20100 SH SOLE 20100 0 0 SCOTTISH RE GROUP LTD ORD G7885T104 7810 327600 SH SOLE 325000 0 2600 SCPIE HLDGS INC COM 78402P104 5391 377000 SH SOLE 377000 0 0 SCS TRANSN INC COM 81111T102 3928 250000 SH SOLE 250000 0 0 SEAGATE TECHNOLOGY SHS G7945J104 2687 169500 SH SOLE 169500 0 0 SEGMENTZ INC COM 815801105 80 100000 SH SOLE 100000 0 0 SEMCO ENERGY INC COM 78412D109 728 110400 SH SOLE 110400 0 0 SENESCO TECHNOLOGIES INC COM NEW 817208408 2624 1516800 SH SOLE 1506800 0 10000 SENSIENT TECHNOLOGIES CORP COM 81725T100 22784 1202325 SH SOLE 1173525 0 28800 SHOE CARNIVAL INC COM 824889109 10017 629630 SH SOLE 618630 0 11000 SIMMONS 1ST NATL CORP CL A $ PAR 828730200 2142 75100 SH SOLE 75100 0 0 SIRNA THERAPEUTICS INC COM 829669100 24859 6249660 SH SOLE 6154640 0 95020 SITEL CORP COM 82980K107 19183 6851000 SH SOLE 6374800 0 476200 SMITH & WOLLENSKY RESTAURANT COM 831758107 4247 663600 SH SOLE 663600 0 0 SMITH FOODS INC COM 832248108 237 8000 SH SOLE 8000 0 0 SMITHWAY MTR XPRESS CORP CL A 832653109 927 129676 SH SOLE 129676 0 0 SMURFIT-STONE CONTAINER CORP COM 832727101 3607 348200 SH SOLE 348200 0 0 SNB BANCSHARES INC TEX COM 78460M209 1125 100000 SH SOLE 100000 0 0 SONIC INNOVATIONS INC COM 83545M109 1770 400000 SH SOLE 400000 0 0 SOUTHWEST AIRLS CO COM 844741108 3008 202538 SH SOLE 202538 0 0 SPAR GROUP INC COM 784933103 2026 1228000 SH SOLE 1228000 0 0 SPECIALTY LABORATORIES INC COM 84749R100 16167 1222000 SH SOLE 1174200 0 47800 SRI/SURGICAL EXPRESS INC COM 78464W104 5364 848800 SH SOLE 784900 0 63900 STAAR SURGICAL CO COM PAR $0.01 852312305 18425 3343850 SH SOLE 3126350 0 217500 STANDARD MTR PRODS INC COM 853666105 4461 550000 SH SOLE 550000 0 0 STANDARD REGISTER CO COM 853887107 1495 100000 SH SOLE 100000 0 0 STARTEK INC COM 85569C107 1241 94000 SH SOLE 94000 0 0 STEPAN CO COM 858586100 2323 92700 SH SOLE 92700 0 0 STERLING FINL CORP WASH COM 859319105 13684 606847 SH SOLE 606847 0 0 STEWART & STEVENSON SVCS INC COM 860342104 16714 700800 SH SOLE 700800 0 0 STIFEL FINL CORP COM 860630102 15123 421265 SH SOLE 407532 0 13733 STRATAGENE CORP COM 86269H107 1651 183216 SH SOLE 183216 0 0 STRIDE RITE CORP COM 863314100 8368 652700 SH SOLE 652700 0 0 SUMMIT BK CORP GA COM 866013105 1507 101700 SH SOLE 101700 0 0 SUNTERRA CORP COM NEW 86787D208 15241 1160804 SH SOLE 1101704 0 59100 SUNTRUST BKS INC COM 867914103 4155 59825 SH SOLE 59725 0 100 SUPERIOR INDS INTL INC COM 868168105 4353 202300 SH SOLE 202300 0 0 SWIFT ENERGY CO COM 870738101 13162 287700 SH SOLE 287700 0 0 SWIFT TRANSN CO COM 870756103 6195 350000 SH SOLE 350000 0 0 SYCAMORE NETWORKS INC COM 871206108 38 10000 SH SOLE 10000 0 0 TASTY BAKING CO COM 876553306 2199 253300 SH SOLE 253300 0 0 TD BANKNORTH INC COM 87235A101 327 10862 SH SOLE 10862 0 0 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 4391 206460 SH SOLE 206060 0 400 TELETECH HOLDINGS INC COM 879939106 8481 846400 SH SOLE 843400 0 3000 GEO GROUP INC COM 36159R103 10271 387600 SH SOLE 387600 0 0 PEP BOYS MANNY MOE & JACK COM 713278109 8304 600000 SH SOLE 600000 0 0 TIDEWATER INC COM 886423102 15900 326697 SH SOLE 325697 0 1000 TIER TECHNOLOGIES INC CL B 88650Q100 10068 1163950 SH SOLE 1163950 0 0 TODCO CL A 88889T107 10010 240000 SH SOLE 240000 0 0 TRIUMPH GROUP INC NEW COM 896818101 3494 94000 SH SOLE 93300 0 700 TYSON FOODS INC CL A 902494103 3779 209390 SH SOLE 209390 0 0 UNION PAC CORP COM 907818108 5653 78841 SH SOLE 78641 0 200 UNITED AUTO GROUP INC COM 909440109 4065 123025 SH SOLE 123025 0 0 UNUMPROVIDENT CORP COM 91529Y106 16200 790257 SH SOLE 789957 0 300 URS CORP NEW COM 903236107 23725 587400 SH SOLE 580100 0 7300 URSTADT BIDDLE PPTYS INS COM 917286205 317 20900 SH SOLE 16900 0 4000 US XPRESS ENTERPRISES INC CL A 90338N103 1166 100000 SH SOLE 100000 0 0 VESTA INS GROUP INC COM 925391104 5081 2502800 SH SOLE 2420000 0 82800 VINTAGE PETE INC COM 927460105 742 16250 SH SOLE 14350 0 1900 VIVUS INC COM 928551100 1400 390000 SH SOLE 390000 0 0 VOLT INFORMATION SCIENCES IN COM 928703107 3578 176100 SH SOLE 176100 0 0 WABASH NATL CORP COM 929566107 4048 205925 SH SOLE 205925 0 0 WAL MART STORES INC COM 931142103 1816 41450 SH SOLE 41450 0 0 WASHINGTON GROUP INTL INC COM NEW 938862208 4048 75115 SH SOLE 75115 0 0 WASHINGTON MUT INC COM 939322103 2835 72297 SH SOLE 72297 0 0 WATCHGUARD TECHNOLOGIES INC COM 941105108 12922 3012200 SH SOLE 2796700 0 215500 WATERS INSTRS INC COM 941850109 1940 228000 SH SOLE 228000 0 0 WAUSAU PAPER CORP COM 943315101 6881 550000 SH SOLE 550000 0 0 WCI CMNTYS INC COM 92923C104 747 26330 SH SOLE 26330 0 0 WESTERN SILVER CORP COM 959531104 8418 1000400 SH SOLE 1000400 0 0 W-H ENERGY SVCS INC COM 92925E108 3576 110300 SH SOLE 110300 0 0 WHITING PETE CORP NEW COM 966387102 8843 201700 SH SOLE 201700 0 0 WINSTON HOTELS INC COM 97563A102 119 11900 SH SOLE 10500 0 1400 WISCONSIN ENERGY CORP COM 976657106 3227 80830 SH SOLE 80630 0 200 ZINDART LTD SPONSORED ADR 989597109 3268 1025800 SH SOLE 1025800 0 0 ZIX CORP COM 98974P100 1212 600000 SH SOLE 600000 0 0 ZOMAX INC MINN COM 989929104 2472 770000 SH SOLE 770000 0 0 TOTAL 2274428 TOTAL ENTRIES 331