13F-HR 1 q108.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, 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 if Reporting Manager: Name: Victor Fernandez Title: Chief Compliance Officer Phone: 239-254-2500 Signature, Place, and Date of Signing: Victor Fernandez Naples, Florida May 15, 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: 103 Form 13F Information Table Value Total: $9,241,225 (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 31324 2248691 SH DEFINED 01 2248691 Aehr Test Systems COM 00760J108 9180 1086424 SH DEFINED 01 683000 403424 Ameristar Casinos Inc. COM 03070Q101 20796 1139500 SH DEFINED 01 1139500 Anchor Bancorp Wisconsin COM 032839102 29851 1573616 SH DEFINED 01 1573616 AutoNation Inc. COM 05329W102 104706 6994368 SH DEFINED 01 12500 6981868 Avatar Holdings Inc. COM 053494100 64558 1481036 SH DEFINED 01 67600 1413436 Avid Technology Inc. COM 05367P100 139136 5716332 SH DEFINED 01 65100 5651232 BEA Systems Inc. COM 073325102 328221 17139490 SH DEFINED 01 757619 16381871 Bank of Hawaii Corp. COM 062540109 124455 2511189 SH DEFINED 01 11700 2499489 Berkshire Hills Bancorp Inc. COM 084680107 10117 401639 SH DEFINED 01 401639 Bio-Rad Laboratories Inc. CL A COM 090572207 24346 273704 SH DEFINED 01 273704 Boyd Gaming Corp. COM 103304101 155422 7771119 SH DEFINED 01 116800 7654319 Broadridge Financial Solutions COM 11133T103 11081 629610 SH DEFINED 01 629610 Brookline Bancorp Inc. COM 11373M107 35668 3106955 SH DEFINED 01 3106955 CA Inc. COM 12673P105 699325 31081115 SH DEFINED 01 1992166 29088949 Capital City Bank Group Inc. COM 139674105 39068 1347189 SH DEFINED 01 1347189 Center Bancorp Inc. COM 151408101 6355 598387 SH DEFINED 01 598387 Central Pacific Financial Corp COM 154760102 35359 1875835 SH DEFINED 01 188843 1686992 Centrue Financial Corp. New COM 15643B106 1919 97222 SH DEFINED 01 97222 Citizens First Bancorp Inc. COM 17461R106 7927 737378 SH DEFINED 01 737378 Cymer Inc COM 232572107 34319 1317924 SH DEFINED 01 1317924 Datascope Corp. COM 238113104 34690 837318 SH DEFINED 01 40500 796818 Dover Downs Gaming & Entmt. COM 260095104 21317 2504900 SH DEFINED 01 50000 2454900 Dundee Corp. CL A COM 264901109 172704 12946895 SH DEFINED 01 1127600 11819295 Eastman Kodak Co. COM 277461109 315084 17831555 SH DEFINED 01 660500 17171055 Electro Rent Corp. COM 285218103 49190 3246856 SH DEFINED 01 1196311 2050545 Electro Scientific Industries COM 285229100 8295 503355 SH DEFINED 01 7500 495855 Electronics for Imaging Inc. COM 286082102 11773 789104 SH DEFINED 01 527800 261304 Elmira Savings Bank FSB COM 289660102 1307 70209 SH DEFINED 01 70209 FBL Financial Group Inc. COM 30239F106 6589 231274 SH DEFINED 01 231274 First Citizens Bancshares Inc. COM 31946M103 30694 220267 SH DEFINED 01 220267 First Defiance Financial Corp. COM 32006W106 7919 431549 SH DEFINED 01 431549 First Financial Holdings Inc. COM 320239106 23940 1020446 SH DEFINED 01 8500 1011946 First Niagara Financial Group COM 33582V108 101865 7495618 SH DEFINED 01 142832 7352786 Forest City Enterprises Inc. C COM 345550107 108282 2942436 SH DEFINED 01 50828 2891608 Forest City Enterprises Inc. C COM 345550305 36228 1006601 SH DEFINED 01 86800 919801 Fulton Financial Corp. COM 360271100 67158 5464431 SH DEFINED 01 12500 5451931 GAMCO Investors Inc. COM 361438104 6507 129200 SH DEFINED 01 129200 Glacier Bancorp Inc. COM 37637Q105 55277 2883515 SH DEFINED 01 2883515 Health Management Assoc. Inc. COM 421933102 94218 17810659 SH DEFINED 01 685200 17125459 Hearst-Argyle Television Inc. COM 422317107 238721 11571550 SH DEFINED 01 98700 11472850 Hewlett-Packard Co. COM 428236103 656938 14387612 SH DEFINED 01 657100 13730512 Imation Corp. COM 45245A107 57539 2530304 SH DEFINED 01 255500 2274804 Independent Bank Corp.-MA COM 453836108 27662 936113 SH DEFINED 01 14300 921813 International Business Machine COM 459200101 51109 443889 SH DEFINED 01 443889 International Game Technology COM 459902102 313780 7803520 SH DEFINED 01 87300 7716220 John Wiley & Sons Inc. CL A COM 968223206 257281 6480619 SH DEFINED 01 120600 6360019 Kimball International Inc. CL COM 494274103 755 70450 SH DEFINED 01 70450 L.S. Starrett Co. CL A COM 855668109 757 39340 SH DEFINED 01 39340 Lawson Products Inc. COM 520776105 2053 74502 SH DEFINED 01 74502 MGM Mirage COM 552953101 634314 10793161 SH DEFINED 01 231399 10561762 Marcus Corp. COM 566330106 99530 5183852 SH DEFINED 01 82987 5100865 Massbank Corp. COM 576152102 14233 365887 SH DEFINED 01 63734 302153 Mattson Technology Inc. COM 577223100 4660 765201 SH DEFINED 01 765201 Mentor Graphics Corp. COM 587200106 100781 11413447 SH DEFINED 01 1490200 9923247 MicroStrategy Inc COM 594972408 4188 56600 SH DEFINED 01 56600 Mine Safety Appliances Co. COM 602720104 66724 1619908 SH DEFINED 01 142700 1477208 Motorola Inc. COM 620076109 258317 27775991 SH DEFINED 01 678300 27097691 MutualFirst Financial Inc. COM 62845B104 4540 344748 SH DEFINED 01 344748 Newport Corp. COM 651824104 41066 3676488 SH DEFINED 01 99300 3577188 Northern Trust Corp. COM 665859104 307531 4626617 SH DEFINED 01 12900 4613717 Novellus Systems Inc. COM 670008101 209917 9972300 SH DEFINED 01 584000 9388300 OceanFirst Financial Corp. COM 675234108 9727 556171 SH DEFINED 01 9050 547121 Oppenheimer Holdings Inc. COM 683797104 87513 2018746 SH DEFINED 01 192504 1826242 Pope Resources LP COM 732857107 39551 1146395 SH DEFINED 01 337461 808934 Progress Software Corp. COM 743312100 56003 1871772 SH DEFINED 01 1871772 Provident Financial Services I COM 74386T105 67085 4744366 SH DEFINED 01 146200 4598166 Provident New York Bancorp COM 744028101 15929 1179899 SH DEFINED 01 1179899 Qualcomm Inc. COM 747525103 64681 1577593 SH DEFINED 01 232400 1345193 Quantum Corp. COM 747906204 91455 42735794 SH DEFINED 01 6189500 36546294 Quest Software COM 74834T103 5420 414700 SH DEFINED 01 414700 RR Donnelley & Sons Co. COM 257867101 6890 227313 SH DEFINED 01 12700 214613 Ranier Pacific Financial Group COM 75087U101 4898 351138 SH DEFINED 01 351138 Raymond James Financial Inc. COM 754730109 264043 11490123 SH DEFINED 01 241337 11248786 Riviera Holdings Corp. COM 769627100 2817 136673 SH DEFINED 01 136673 Royal Caribbean Cruises Ltd COM V7780T103 396441 12049869 SH DEFINED 01 96200 11953669 Seacoast Banking Corp. of Flor COM 811707306 16601 1516060 SH DEFINED 01 8800 1507260 Shuffle Master Inc. COM 825549108 7447 1391942 SH DEFINED 01 1391942 Skyline Corp. COM 830830105 5519 198398 SH DEFINED 01 198398 Sprint Nextel Corporation COM 852061100 217114 32453585 SH DEFINED 01 988900 31464685 Standard & Poor's Depositary R COM 78462f103 482 3650 SH DEFINED 01 3650 Steris Corp. COM 859152100 19926 742689 SH DEFINED 01 742689 Sterling Financial Corp. COM 859319105 60878 3899925 SH DEFINED 01 3899925 Suffolk Bancorp COM 864739107 25682 810661 SH DEFINED 01 152735 657926 Sun Bancorp Inc.-NJ COM 86663B102 14933 1133850 SH DEFINED 01 42541 1091309 Symantec Corp. COM 871503108 371288 22339840 SH DEFINED 01 1320847 21018993 TF Financial Corp. COM 872391107 3613 153761 SH DEFINED 01 153761 Tibco Software Inc. COM 88632Q103 90971 12741075 SH DEFINED 01 690000 12051075 TierOne Corp. COM 88650R108 18917 1677064 SH DEFINED 01 10000 1667064 Trane Inc. COM 892893108 32077 698856 SH DEFINED 01 698856 Triumph Group Inc. COM 896818101 67386 1183668 SH DEFINED 01 96800 1086868 TrustCo Bank Corporation of NY COM 898349105 15294 1720322 SH DEFINED 01 1720322 Universal Health Services Inc. COM 913903100 186243 3468863 SH DEFINED 01 77700 3391163 Valley National Bancorp COM 919794107 64917 3379328 SH DEFINED 01 20815 3358513 Virco Manufacturing Corp. COM 927651109 2408 460446 SH DEFINED 01 460446 WSFS Financial Corp. COM 929328102 27132 550578 SH DEFINED 01 550578 Webster Financial Corp. COM 947890109 54016 1938143 SH DEFINED 01 1938143 West Pharmaceutical Services I COM 955306105 42916 970289 SH DEFINED 01 76300 893989 Whitney Holding Corp. COM 966612103 53139 2143558 SH DEFINED 01 121199 2022359 Willow Financial Bancorp Inc. COM 97111W101 8385 1134707 SH DEFINED 01 1134707 Windstream Corp. COM 97381W104 124162 10390162 SH DEFINED 01 658786 9731376 Xerox Corp. COM 984121103 178685 11936180 SH DEFINED 01 400400 11535780