13F-HR 1 q308.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: September 30, 2008 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: Private Capital Management, L.P. Address: 8889 Pelican Bay Blvd. Suite 500 Naples, FL 34108 13F File Number: 28-3428 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: Victor Fernandez Title: Chief Compliance Officer Phone: 239-254-2500 Signature, Place, and Date of Signing: Victor Fernandez Naples, Florida November 14, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: 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: 1 Form 13F Information Table Entry Total: 89 Form 13F Information Table Value Total: $4,992,286 (thousands) List of Other Included Managers: No. 13F File Number Name 1 28-1700 Legg Mason, Inc. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ASTA Funding COM 046220109 12117 1728588 SH DEFINED 01 1728588 Ameristar Casinos Inc. COM 03070Q101 26082 1838068 SH DEFINED 01 1838068 Anchor Bancorp Wisconsin COM 032839102 8877 1207806 SH DEFINED 01 1207806 AutoNation Inc. COM 05329W102 64290 5719784 SH DEFINED 01 10800 5708984 Avatar Holdings Inc. COM 053494100 30483 923728 SH DEFINED 01 57400 866328 Avid Technology Inc. COM 05367P100 84636 3517718 SH DEFINED 01 20200 3497518 Bank of Hawaii Corp. COM 062540109 86617 1620533 SH DEFINED 01 10900 1609633 Berkshire Hills Bancorp Inc. COM 084680107 7761 242545 SH DEFINED 01 242545 Bio-Rad Laboratories Inc. CL A COM 090572207 14421 145487 SH DEFINED 01 145487 Boyd Gaming Corp. COM 103304101 67796 7243178 SH DEFINED 01 118900 7124278 Broadridge Financial Solutions COM 11133T103 4510 293067 SH DEFINED 01 293067 Brookline Bancorp Inc. COM 11373M107 12705 993322 SH DEFINED 01 993322 CA Inc. COM 12673P105 371721 18623297 SH DEFINED 01 1328466 17294831 Capital City Bank Group Inc. COM 139674105 29313 935024 SH DEFINED 01 935024 Center Bancorp Inc. COM 151408101 4172 411391 SH DEFINED 01 411391 Central Pacific Financial Corp COM 154760102 19374 1152552 SH DEFINED 01 123343 1029209 Centrue Financial Corp. New COM 15643B106 896 69692 SH DEFINED 01 69692 Citizens First Bancorp Inc. COM 17461R106 2793 513333 SH DEFINED 01 513333 Cymer Inc COM 232572107 24468 965957 SH DEFINED 01 965957 Datascope Corp. COM 238113104 20397 395057 SH DEFINED 01 33200 361857 Dover Downs Gaming & Entmt. COM 260095104 17541 2254600 SH DEFINED 01 101500 2153100 Dundee Corp. CL A COM 264901109 81734 8338465 SH DEFINED 01 603700 7734765 Eastman Kodak Co. COM 277461109 186590 12131958 SH DEFINED 01 614200 11517758 Electro Rent Corp. COM 285218103 28927 2153897 SH DEFINED 01 1097724 1056173 Electro Scientific Industries COM 285229100 4642 326445 SH DEFINED 01 7500 318945 Electronics for Imaging Inc. COM 286082102 9405 675196 SH DEFINED 01 527800 147396 Elmira Savings Bank FSB COM 289660102 541 45119 SH DEFINED 01 45119 FBL Financial Group Inc. COM 30239F106 3203 114844 SH DEFINED 01 114844 First Citizens Bancshares Inc. COM 31946M103 26514 148123 SH DEFINED 01 148123 First Defiance Financial Corp. COM 32006W106 3121 283497 SH DEFINED 01 283497 First Financial Holdings Inc. COM 320239106 16944 647230 SH DEFINED 01 8500 638730 Fulton Financial Corp. COM 360271100 36201 3318161 SH DEFINED 01 10800 3307361 GAMCO Investors Inc. COM 361438104 2959 49900 SH DEFINED 01 49900 Glacier Bancorp Inc. COM 37637Q105 40776 1646195 SH DEFINED 01 1646195 Health Management Assoc. Inc. COM 421933102 49234 11835202 SH DEFINED 01 538000 11297202 Hearst-Argyle Television Inc. COM 422317107 233935 10476274 SH DEFINED 01 293200 10183074 Herman Miller Inc. COM 600544100 2682 109600 SH DEFINED 01 109600 Hewlett-Packard Co. COM 428236103 347394 7512837 SH DEFINED 01 605900 6906937 Imation Corp. COM 45245A107 37265 1649635 SH DEFINED 01 255500 1394135 Independent Bank Corp.-MA COM 453836108 18707 600175 SH DEFINED 01 13700 586475 International Business Machine COM 459200101 32585 278601 SH DEFINED 01 278601 International Game Technology COM 459902102 208948 12162293 SH DEFINED 01 258693 11903600 John Wiley & Sons Inc. CL A COM 968223206 172183 4256677 SH DEFINED 01 90200 4166477 Kimball International Inc. CL COM 494274103 472 43700 SH DEFINED 01 43700 Lawson Products Inc. COM 520776105 1044 37768 SH DEFINED 01 37768 MGM Mirage COM 552953101 214269 7518206 SH DEFINED 01 327099 7191107 Marcus Corp. COM 566330106 55170 3430969 SH DEFINED 01 67087 3363882 Mattson Technology Inc. COM 577223100 5384 1138260 SH DEFINED 01 1138260 Mentor Graphics Corp. COM 587200106 80807 7119591 SH DEFINED 01 1042700 6076891 MicroStrategy Inc COM 594972408 3369 56600 SH DEFINED 01 56600 Mine Safety Appliances Co. COM 602720104 51071 1339739 SH DEFINED 01 116700 1223039 Motorola Inc. COM 620076109 158723 22230058 SH DEFINED 01 633000 21597058 MutualFirst Financial Inc. COM 62845B104 2128 218074 SH DEFINED 01 218074 Newport Corp. COM 651824104 25719 2385766 SH DEFINED 01 46700 2339066 Northern Trust Corp. COM 665859104 169357 2345659 SH DEFINED 01 1700 2343959 Novellus Systems Inc. COM 670008101 142395 7250263 SH DEFINED 01 560100 6690163 OceanFirst Financial Corp. COM 675234108 4067 224433 SH DEFINED 01 5500 218933 Oppenheimer Holdings Inc. COM 683797104 33806 1360386 SH DEFINED 01 145504 1214882 Pope Resources LP COM 732857107 27038 962203 SH DEFINED 01 315261 646942 Progress Software Corp. COM 743312100 30230 1163133 SH DEFINED 01 1163133 Provident Financial Services I COM 74386T105 22470 1361000 SH DEFINED 01 1361000 Provident New York Bancorp COM 744028101 5741 434273 SH DEFINED 01 434273 Qualcomm Inc. COM 747525103 41810 972998 SH DEFINED 01 231100 741898 Quantum Corp. COM 747906204 33789 32180251 SH DEFINED 01 6134500 26045751 Quest Software COM 74834T103 5263 414700 SH DEFINED 01 414700 RR Donnelley & Sons Co. COM 257867101 2512 102413 SH DEFINED 01 11600 90813 Rainier Pacific Financial Grou COM 75087U101 979 222388 SH DEFINED 01 222388 Raymond James Financial Inc. COM 754730109 230793 6997982 SH DEFINED 01 86437 6911545 Royal Caribbean Cruises Ltd COM V7780T103 230240 11095924 SH DEFINED 01 211700 10884224 Seacoast Banking Corp. of Flor COM 811707306 12044 1122434 SH DEFINED 01 8200 1114234 Shuffle Master Inc. COM 825549108 4693 922000 SH DEFINED 01 922000 Sotheby's COM 835898107 98640 4917247 SH DEFINED 01 25600 4891647 Sprint Nextel Corporation COM 852061100 139719 22904693 SH DEFINED 01 950000 21954693 Sterling Financial Corp. COM 859319105 41747 2879082 SH DEFINED 01 2879082 Suffolk Bancorp COM 864739107 19404 492375 SH DEFINED 01 73787 418588 Sun Bancorp Inc.-NJ COM 86663B102 11497 848521 SH DEFINED 01 42673 805848 Symantec Corp. COM 871503108 246355 12581972 SH DEFINED 01 1032344 11549628 TF Financial Corp. COM 872391107 2139 99492 SH DEFINED 01 99492 Tibco Software Inc. COM 88632Q103 64504 8811995 SH DEFINED 01 690000 8121995 TierOne Corp. COM 88650R108 6759 1317551 SH DEFINED 01 10000 1307551 Triumph Group Inc. COM 896818101 27455 600628 SH DEFINED 01 79100 521528 TrustCo Bank Corporation of NY COM 898349105 16402 1400710 SH DEFINED 01 1400710 Universal Health Services Inc. COM 913903100 92948 1658893 SH DEFINED 01 40400 1618493 Virco Manufacturing Corp. COM 927651109 682 198934 SH DEFINED 01 198934 WSFS Financial Corp. COM 929328102 18249 304146 SH DEFINED 01 304146 West Pharmaceutical Services I COM 955306105 26301 538743 SH DEFINED 01 27400 511343 Whitney Holding Corp. COM 966612103 59629 2458923 SH DEFINED 01 146199 2312724 Willow Financial Bancorp Inc. COM 97111W101 7986 825026 SH DEFINED 01 825026 Windstream Corp. COM 97381W104 61024 5578098 SH DEFINED 01 394132 5183966