13F-HR 1 q208.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: June 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 August 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: 95 Form 13F Information Table Value Total: $6,234,071 (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 18438 2035093 SH DEFINED 01 2035093 Ameristar Casinos Inc. COM 03070Q101 20079 1452900 SH DEFINED 01 1452900 Anchor Bancorp Wisconsin COM 032839102 9147 1304916 SH DEFINED 01 1304916 AutoNation Inc. COM 05329W102 64017 6388968 SH DEFINED 01 12500 6376468 Avatar Holdings Inc. COM 053494100 33646 1110784 SH DEFINED 01 57800 1052984 Avid Technology Inc. COM 05367P100 76217 4486001 SH DEFINED 01 62300 4423701 Bank of Hawaii Corp. COM 062540109 90434 1891930 SH DEFINED 01 11700 1880230 Berkshire Hills Bancorp Inc. COM 084680107 7317 309377 SH DEFINED 01 309377 Bio-Rad Laboratories Inc. CL A COM 090572207 15987 197637 SH DEFINED 01 197637 Boyd Gaming Corp. COM 103304101 73669 5865383 SH DEFINED 01 110600 5754783 Broadridge Financial Solutions COM 11133T103 8106 385064 SH DEFINED 01 385064 Brookline Bancorp Inc. COM 11373M107 21029 2201941 SH DEFINED 01 2201941 CA Inc. COM 12673P105 537241 23267253 SH DEFINED 01 1576466 21690787 Capital City Bank Group Inc. COM 139674105 24096 1107338 SH DEFINED 01 1107338 Center Bancorp Inc. COM 151408101 4036 461309 SH DEFINED 01 461309 Central Pacific Financial Corp COM 154760102 15297 1435020 SH DEFINED 01 164343 1270677 Centrue Financial Corp. New COM 15643B106 989 89612 SH DEFINED 01 89612 Citizens First Bancorp Inc. COM 17461R106 3293 548888 SH DEFINED 01 548888 Cymer Inc COM 232572107 24330 905124 SH DEFINED 01 905124 Datascope Corp. COM 238113104 23989 510396 SH DEFINED 01 33200 477196 Dover Downs Gaming & Entmt. COM 260095104 15095 2351300 SH DEFINED 01 50000 2301300 Dundee Corp. CL A COM 264901109 117259 9690352 SH DEFINED 01 838600 8851752 Eastman Kodak Co. COM 277461109 199825 13847852 SH DEFINED 01 616400 13231452 Electro Rent Corp. COM 285218103 31900 2543837 SH DEFINED 01 1177724 1366113 Electro Scientific Industries COM 285229100 5303 374255 SH DEFINED 01 7500 366755 Electronics for Imaging Inc. COM 286082102 10823 741328 SH DEFINED 01 527800 213528 Elmira Savings Bank FSB COM 289660102 847 55248 SH DEFINED 01 55248 FBL Financial Group Inc. COM 30239F106 3334 167713 SH DEFINED 01 167713 First Citizens Bancshares Inc. COM 31946M103 24180 173348 SH DEFINED 01 173348 First Defiance Financial Corp. COM 32006W106 5548 346515 SH DEFINED 01 346515 First Financial Holdings Inc. COM 320239106 13979 813685 SH DEFINED 01 8500 805185 First Niagara Financial Group COM 33582V108 64984 5053210 SH DEFINED 01 116832 4936378 Forest City Enterprises Inc. C COM 345550107 48128 1493746 SH DEFINED 01 13228 1480518 Forest City Enterprises Inc. C COM 345550305 18040 559395 SH DEFINED 01 79800 479595 Fulton Financial Corp. COM 360271100 40258 4005756 SH DEFINED 01 12500 3993256 GAMCO Investors Inc. COM 361438104 5170 104200 SH DEFINED 01 104200 Glacier Bancorp Inc. COM 37637Q105 38042 2379107 SH DEFINED 01 2379107 Health Management Assoc. Inc. COM 421933102 90289 13869280 SH DEFINED 01 651200 13218080 Hearst-Argyle Television Inc. COM 422317107 209140 10892730 SH DEFINED 01 115100 10777630 Herman Miller Inc. COM 600544100 3226 129600 SH DEFINED 01 129600 Hewlett-Packard Co. COM 428236103 402772 9110417 SH DEFINED 01 613700 8496717 Imation Corp. COM 45245A107 43655 1904669 SH DEFINED 01 255500 1649169 Independent Bank Corp.-MA COM 453836108 17155 719607 SH DEFINED 01 14300 705307 International Business Machine COM 459200101 42569 359138 SH DEFINED 01 359138 International Game Technology COM 459902102 220145 8812868 SH DEFINED 01 124293 8688575 John Wiley & Sons Inc. CL A COM 968223206 227639 5055273 SH DEFINED 01 111600 4943673 Kimball International Inc. CL COM 494274103 431 52100 SH DEFINED 01 52100 Lawson Products Inc. COM 520776105 1325 53452 SH DEFINED 01 53452 MGM Mirage COM 552953101 287125 8472251 SH DEFINED 01 276299 8195952 Marcus Corp. COM 566330106 59561 3983997 SH DEFINED 01 68087 3915910 Massbank Corp. COM 576152102 11002 277962 SH DEFINED 01 56734 221228 Mattson Technology Inc. COM 577223100 7139 1499767 SH DEFINED 01 1499767 Mentor Graphics Corp. COM 587200106 136878 8663187 SH DEFINED 01 1044100 7619087 MicroStrategy Inc COM 594972408 3665 56600 SH DEFINED 01 56600 Mine Safety Appliances Co. COM 602720104 50107 1252985 SH DEFINED 01 116700 1136285 Motorola Inc. COM 620076109 193380 26346037 SH DEFINED 01 645800 25700237 MutualFirst Financial Inc. COM 62845B104 2461 250897 SH DEFINED 01 250897 Newport Corp. COM 651824104 31862 2797346 SH DEFINED 01 96100 2701246 Northern Trust Corp. COM 665859104 214221 3124123 SH DEFINED 01 11900 3112223 Novellus Systems Inc. COM 670008101 186836 8817173 SH DEFINED 01 560100 8257073 OceanFirst Financial Corp. COM 675234108 7120 394471 SH DEFINED 01 9050 385421 Oppenheimer Holdings Inc. COM 683797104 45402 1606593 SH DEFINED 01 179204 1427389 Pope Resources LP COM 732857107 32788 1013545 SH DEFINED 01 315261 698284 Progress Software Corp. COM 743312100 38173 1492899 SH DEFINED 01 1492899 Provident Financial Services I COM 74386T105 52628 3756442 SH DEFINED 01 146200 3610242 Provident New York Bancorp COM 744028101 10750 971933 SH DEFINED 01 971933 Qualcomm Inc. COM 747525103 48195 1086201 SH DEFINED 01 231100 855101 Quantum Corp. COM 747906204 48917 36234732 SH DEFINED 01 6141400 30093332 Quest Software COM 74834T103 6142 414700 SH DEFINED 01 414700 RR Donnelley & Sons Co. COM 257867101 4365 147010 SH DEFINED 01 11600 135410 Rainier Pacific Financial Grou COM 75087U101 2525 264352 SH DEFINED 01 264352 Raymond James Financial Inc. COM 754730109 230549 8736239 SH DEFINED 01 230537 8505702 Royal Caribbean Cruises Ltd COM V7780T103 230919 10276774 SH DEFINED 01 99500 10177274 Seacoast Banking Corp. of Flor COM 811707306 9784 1260786 SH DEFINED 01 8800 1251986 Shuffle Master Inc. COM 825549108 5705 1154900 SH DEFINED 01 1154900 Sotheby's COM 835898107 92335 3501532 SH DEFINED 01 25600 3475932 Sprint Nextel Corporation COM 852061100 234104 24642576 SH DEFINED 01 949300 23693276 Sterling Financial Corp. COM 859319105 14498 3501932 SH DEFINED 01 3501932 Suffolk Bancorp COM 864739107 19717 671089 SH DEFINED 01 152735 518354 Sun Bancorp Inc.-NJ COM 86663B102 10603 1044634 SH DEFINED 01 42673 1001961 Symantec Corp. COM 871503108 313287 16190542 SH DEFINED 01 1253747 14936795 TF Financial Corp. COM 872391107 2545 118392 SH DEFINED 01 118392 Tibco Software Inc. COM 88632Q103 78068 10204957 SH DEFINED 01 690000 9514957 TierOne Corp. COM 88650R108 6670 1453139 SH DEFINED 01 10000 1443139 Triumph Group Inc. COM 896818101 37126 788242 SH DEFINED 01 79100 709142 TrustCo Bank Corporation of NY COM 898349105 12832 1729347 SH DEFINED 01 1729347 Universal Health Services Inc. COM 913903100 139994 2214396 SH DEFINED 01 68700 2145696 Valley National Bancorp COM 919794107 22600 1433108 SH DEFINED 01 1433108 Virco Manufacturing Corp. COM 927651109 1307 261872 SH DEFINED 01 261872 WSFS Financial Corp. COM 929328102 19117 428628 SH DEFINED 01 428628 West Pharmaceutical Services I COM 955306105 31692 732266 SH DEFINED 01 62400 669866 Whitney Holding Corp. COM 966612103 36809 2011399 SH DEFINED 01 121199 1890200 Willow Financial Bancorp Inc. COM 97111W101 7808 958072 SH DEFINED 01 958072 Windstream Corp. COM 97381W104 89835 7279997 SH DEFINED 01 394133 6885864 Xerox Corp. COM 984121103 132505 9771764 SH DEFINED 01 377500 9394264