13F-HR 1 q12011.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, 2011 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 May 13, 2011 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: 72 Form 13F Information Table Value Total: $1,659,731 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alere Inc. COM 01449J105 44149 1127986 SH DEFINED 01 97750 1030236 Ameristar Casinos Inc. COM 03070Q101 10581 596132 SH DEFINED 01 596132 AutoNation Inc. COM 05329W102 25899 732236 SH DEFINED 01 732236 Avid Technology Inc. COM 05367P100 29309 1314311 SH DEFINED 01 7325 1306986 Bank of Hawaii Corp. COM 062540109 14995 313581 SH DEFINED 01 2100 311481 Bio-Rad Laboratories Inc. CL A COM 090572207 4242 35307 SH DEFINED 01 35307 Black Hills Corp. COM 092113109 17929 536147 SH DEFINED 01 17500 518647 Brookline Bancorp Inc. COM 11373M107 2341 222318 SH DEFINED 01 222318 CA Technologies COM 12673P105 108990 4507452 SH DEFINED 01 295907 4211545 CapitalSource Inc. COM 14055X102 1091 154901 SH DEFINED 01 154901 Cisco Systems Inc. COM 17275R102 25316 1476150 SH DEFINED 01 117350 1358800 Consolidated Graphics Inc COM 209341106 3112 56974 SH DEFINED 01 3465 53509 CoreLogic Inc. COM 21871D103 28778 1555556 SH DEFINED 01 25625 1529931 Covidien plc COM G2554F113 34568 665537 SH DEFINED 01 21600 643937 DHT Holdings, Inc. COM Y2065G105 1817 377754 SH DEFINED 01 377754 Dover Downs Gaming & Entmt. COM 260095104 6575 1831413 SH DEFINED 01 1831413 Dundee Corp. CL A COM 264901109 31131 1200237 SH DEFINED 01 48800 1151437 EZCorp, Inc. COM 302301106 41918 1335397 SH DEFINED 01 48950 1286447 Eastman Kodak Co. COM 277461109 20114 6227273 SH DEFINED 01 317645 5909628 Electro Rent Corp. COM 285218103 10585 616102 SH DEFINED 01 196098 420004 First Defiance Financial Corp. COM 32006W106 969 67576 SH DEFINED 01 67576 First Financial Holdings Inc. COM 320239106 3358 296931 SH DEFINED 01 296931 Glacier Bancorp Inc. COM 37637Q105 3183 211526 SH DEFINED 01 211526 Global Cash Access Hldgs Inc COM 378967103 4928 1507166 SH DEFINED 01 588700 918466 Golar LNG Limited COM G9456A100 38564 1507573 SH DEFINED 01 156500 1351073 H&R Block, Inc. COM 093671105 29326 1751828 SH DEFINED 01 58400 1693428 Health Management Assoc. Inc. COM 421933102 50970 4676135 SH DEFINED 01 320238 4355897 Hewlett-Packard Co. COM 428236103 58772 1434511 SH DEFINED 01 81126 1353385 IShares S&P 500 Value COM 464287408 239 3775 SH DEFINED 01 3775 Imation Corp. COM 45245A107 17966 1612764 SH DEFINED 01 1612764 Independent Bank Corp.-MA COM 453836108 5240 194015 SH DEFINED 01 1200 192815 International Business Machine COM 459200101 1649 10114 SH DEFINED 01 10114 International Game Technology COM 459902102 24054 1482044 SH DEFINED 01 45975 1436069 John Wiley & Sons Inc. CL A COM 968223206 20686 406885 SH DEFINED 01 15125 391760 Marcus Corp. COM 566330106 11962 1097463 SH DEFINED 01 50287 1047176 Mentor Graphics Corp. COM 587200106 56175 3839737 SH DEFINED 01 363007 3476730 Mine Safety Appliances Co. COM 602720104 26328 717960 SH DEFINED 01 26475 691485 Motorola Mobility Holdings Inc COM 620097105 22915 939134 SH DEFINED 01 84571 854563 Motorola Solutions, Inc. COM 620076307 40172 898898 SH DEFINED 01 55052 843846 National Financial Partners Co COM 63607p208 3730 252883 SH DEFINED 01 252883 National Fuel Gas Co. COM 636180101 11474 155055 SH DEFINED 01 9800 145255 Noble Corporation COM H5833N103 31251 685025 SH DEFINED 01 21050 663975 Northern Trust Corp. COM 665859104 18827 370967 SH DEFINED 01 17350 353617 Novellus Systems Inc. COM 670008101 35406 953571 SH DEFINED 01 60165 893406 Nu Skin Enterprises Inc. COM 67018T105 21042 731912 SH DEFINED 01 80875 651037 OceanFirst Financial Corp. COM 675234108 1302 93312 SH DEFINED 01 4300 89012 Oppenheimer Holdings Inc. COM 683797104 22390 668172 SH DEFINED 01 49700 618472 Pope Resources LP COM 732857107 9849 210673 SH DEFINED 01 42163 168510 Prestige Brands Holdings, Inc. COM 74112D101 18573 1615040 SH DEFINED 01 44704 1570336 Progress Software Corp. COM 743312100 8352 287101 SH DEFINED 01 287101 Provident New York Bancorp COM 744028101 1272 123250 SH DEFINED 01 123250 Qualcomm Inc. COM 747525103 47013 857435 SH DEFINED 01 88525 768910 Quantum Corp. COM 747906204 44526 17669156 SH DEFINED 01 1482540 16186616 Raymond James Financial Inc. COM 754730109 42489 1111126 SH DEFINED 01 33525 1077601 SAIC, Inc. COM 78390X101 20869 1233375 SH DEFINED 01 30900 1202475 Suffolk Bancorp COM 864739107 2771 132100 SH DEFINED 01 2325 129775 Swift Energy Company COM 870738101 23884 559611 SH DEFINED 01 13800 545811 Symantec Corp. COM 871503108 76940 4149934 SH DEFINED 01 409793 3740141 TF Financial Corp. COM 872391107 726 34868 SH DEFINED 01 34868 Tibco Software Inc. COM 88632Q103 16316 598757 SH DEFINED 01 598757 Triumph Group Inc. COM 896818101 13042 147456 SH DEFINED 01 15650 131806 UTi Worldwide Inc. COM G87210103 19662 974818 SH DEFINED 01 19200 955618 Ultra Petroleum Corp. COM 903914109 34647 703492 SH DEFINED 01 22050 681442 Universal Health Services Inc. COM 913903100 51433 1040948 SH DEFINED 01 65847 975101 Valeant Pharmaceuticals Intern COM 91911K102 70400 1413377 SH DEFINED 01 45450 1367927 WSFS Financial Corp. COM 929328102 3005 63811 SH DEFINED 01 63811 Wal-Mart Stores, Inc. COM 931142103 30813 591993 SH DEFINED 01 6200 585793 Warner Chilcott PLC COM G94368100 42996 1848480 SH DEFINED 01 173950 1674530 Willis Group Holdings PLC COM G96666105 24836 615368 SH DEFINED 01 18125 597243 Zimmer Holdings Inc COM 98956P102 27979 462227 SH DEFINED 01 14450 447777 Alere Inc Perp Pfd Conv Ser B PFD 01449J204 877 3185 SH DEFINED 01 3185