Quarter Ending 12/31/2009 Back to the Enlightened American Website
Martin Whitman's Third Ave
*****  NEW POSITIONS TAKEN
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A   CENOVUS ENERGY INC. 2,862,282 $25.20 $72,129,000
N/A N/A KEYCORP 10,970,000 $5.55 $60,884,000
N/A N/A LEXMARK INTERNATIONAL INC. CL A 1,550,190 $25.98 $40,274,000
N/A N/A SYCAMORE NETWORKS, INC. 5,289,002 $20.91 $110,593,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A CIT GROUP INC. 523,038 $0.72 $377,000
N/A N/A LEXMARK INTERNATIONAL INC. CL A 1,910,034 $21.54 $41,142,000
N/A N/A KIMCO REALTY CORP 1,353,800 $13.04 $17,654,000
N/A N/A PRECISION DRILLING TRUST 418,319 $6.63 $2,773,000
N/A N/A ST. MARY LAND & EXPLORATION 535,282 $32.46 $17,375,000
N/A N/A SYCAMORE NETWORKS, INC. 45,658,033 $3.02 $137,887,000
N/A N/A UNITED REFINING ENERGY CORP WTS 500,000 $0.25 $125,000
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% 11.87% ACADIA REALTY TRUST 40,799 40,799 $16.86 $15.07 $688,000 $615,000
0.00% 23.52% AGRIUM, INC. 70,779 70,779 $61.50 $49.79 $4,353,000 $3,524,000
0.00% -3.17% ALICO, INC. 269,164 269,164 $28.46 $29.39 $7,660,000 $7,911,000
0.00% 37.07% ALTO PALERMO S.A. 99,144 99,144 $9.25 $6.75 $917,000 $669,000
0.00% 13.33% BARCLAYS BANK PLC ETN AGRI37 132,472 132,472 $45.57 $40.21 $6,037,000 $5,327,000
0.00% 12.92% BEL FUSE INC. CL B 1,116,474 1,116,474 $21.49 $19.03 $23,993,000 $21,247,000
0.00% 2.61% BRANDYWINE OPER PART NT 3.875%  16,500,000 16,500,000 $0.98 $0.96 $16,191,000 $15,779,000
0.00% -17.70% BROOKLYN FEDERAL BANCORP INC. 637,122 637,122 $10.04 $12.20 $6,397,000 $7,773,000
0.00% 2.67% CAPITAL SOUTHWEST 119,194 119,194 $78.80 $76.75 $9,392,000 $9,148,000
0.00% 43.36% CARVER BANCORP, INC. 218,500 218,500 $9.05 $6.31 $1,977,000 $1,379,000
0.00% 0.82% COLONIAL BANKSHARES INC. 50,920 50,920 $7.25 $7.19 $369,000 $366,000
0.00% 6.41% COVANTA HOLDING CORPORATION 9,261,289 9,261,289 $18.09 $17.00 $167,537,000 $157,442,000
0.00% 16.90% PROVIDENT ENERGY TRUST 700,566 700,566 $6.75 $5.78 $4,731,000 $4,047,000
0.00% 0.17% EASTGROUP PROPERTIES INC. 15,500 15,500 $38.26 $38.19 $593,000 $592,000
0.00% -5.68% ENCORE WIRE CORPORATION 2,200,985 2,200,985 $21.07 $22.34 $46,375,000 $49,170,000
0.00% -16.87% FEDFIRST FINANCIAL CORPORATION  490,036 490,036 $3.50 $4.21 $1,715,000 $2,063,000
0.00% 8.85% FIRST POTOMAC REALTY TRUST 32,300 32,300 $12.57 $11.55 $406,000 $373,000
0.00% -13.52% FOREST CITY ENT. CL B CONV 25,800 25,800 $11.90 $13.76 $307,000 $355,000
0.00% 18.37% HKN INC. 47,478 47,478 $3.66 $3.10 $174,000 $147,000
0.00% 3.56% INGRAM MICRO INC. CL A 505,450 505,450 $17.45 $16.85 $8,820,000 $8,517,000
0.00% 4.24% INTEL CORPORATION 575,000 575,000 $20.40 $19.57 $11,730,000 $11,253,000
0.00% -3.25% KEARNY FINANCIAL CORP. 660,494 660,494 $10.08 $10.42 $6,658,000 $6,882,000
0.00% -16.53% OMEGA FLEX INC. 360,100 360,100 $14.00 $16.77 $5,041,000 $6,039,000
0.00% 12.13% PARK ELECTROCHEMICAL CORPORATIO 1,466,505 1,466,505 $27.64 $24.65 $40,534,000 $36,149,000
0.00% 2.91% PROLOGIS NOTE 2.25% 14,000,000 14,000,000 $0.93 $0.90 $12,985,000 $12,618,000
0.00% 3.66% PROLOGIS NOTE 1.88% 19,929,000 19,929,000 $0.88 $0.85 $17,637,000 $17,015,000
0.00% 4.38% PROLOGIS NOTE 2.63% 5,000,000 5,000,000 $0.90 $0.86 $4,482,000 $4,294,000
0.00% N/A STONELEIGH PARTNERS ACQUIS WTS  875,000 875,000 $0.00 $0.00 $0 $0
0.00% 5.94% ARCH CAPITAL GROUP LTD. 293,590 293,590 $71.55 $67.54 $21,006,000 $19,829,000
0.00% -3.85% ASPEN INSURANCE HOLDINGS LTD 312,991 312,991 $25.45 $26.47 $7,966,000 $8,285,000
0.00% 1.89% BROOKFIELD INFRASTRUCTURE PARTN 466,843 466,843 $16.77 $16.46 $7,829,000 $7,684,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.76% 6.20% 97,938 AVX CORPORATION 12,930,302 12,832,364 $12.67 $11.93 $163,827,000 $153,090,000
0.33% 6.67% 9,025 ALEXANDER & BALDWIN, INC. 2,733,211 2,724,186 $34.23 $32.09 $93,558,000 $87,419,000
7.01% -3.52% 652,650 BANK OF NEW YORK MELLON CORP. 9,963,461 9,310,811 $27.97 $28.99 $278,678,000 $269,920,000
0.19% -16.12% 40,544 BROOKFIELD ASSET MGMT. CL A 21,012,352 20,971,808 $22.18 $26.44 $466,054,000 $554,541,000
1.55% 1.18% 12,684 CAVCO INDUSTRIES, INC. 831,181 818,497 $35.92 $35.50 $29,856,000 $29,057,000
0.47% 6.44% 29,570 CROSS COUNTRY HEALTHCARE INC. 6,373,482 6,343,912 $9.91 $9.31 $63,161,000 $59,062,000
17.91% -43.78% 541,460 ENCANA CORPORATION 3,564,993 3,023,533 $32.39 $57.61 $115,470,000 $174,186,000
58.14% 2.27% 204,024 HCC INSURANCE HOLDINGS 554,919 350,895 $27.97 $27.35 $15,521,000 $9,597,000
0.03% -5.94% 200 IMATION CORP. 707,709 707,509 $8.72 $9.27 $6,171,000 $6,559,000
20.78% -29.44% 696,016 INVESTMENT TECHNOLOGY GROUP 4,045,613 3,349,597 $19.70 $27.92 $79,699,000 $93,521,000
8.23% -15.36% 123,400 JAKKS PACIFIC, INC. 1,621,960 1,498,560 $12.12 $14.32 $19,658,000 $21,459,000
1.37% 13.08% 60,671 K-SWISS INC., CL A 4,473,780 4,413,109 $9.94 $8.79 $44,469,000 $38,791,000
0.08% -3.76% 3,139 LEUCADIA NATIONAL CORPORATION 3,891,631 3,888,492 $23.79 $24.72 $92,582,000 $96,124,000
0.83% -10.65% 13,425 MDC HOLDINGS INC. 1,622,862 1,609,437 $31.04 $34.74 $50,374,000 $55,912,000
47.00% 14.84% 516,100 PROLOGIS TRUST 1,614,227 1,098,127 $13.69 $11.92 $22,098,000 $13,090,000
0.30% -0.79% 6,882 THE ST. JOE COMPANY 2,325,999 2,319,117 $28.89 $29.12 $67,198,000 $67,533,000
1.07% -18.44% 14,985 SKYLINE CORPORATION 1,415,574 1,400,589 $18.40 $22.56 $26,047,000 $31,597,000
0.11% -2.12% 2,649 STANLEY FURNITURE COMPANY, INC. 2,443,437 2,440,788 $10.15 $10.37 $24,801,000 $25,311,000
0.20% 13.78% 9,896 TEJON RANCH CO. 4,947,786 4,937,890 $29.22 $25.68 $144,574,000 $126,805,000
2.23% -17.92% 538,750 TELLABS, INC. 24,693,229 24,154,479 $5.68 $6.92 $140,258,000 $167,149,000
182.62% 2.42% 5,151,200 THOMAS PROPERTIES GROUP INC. 7,971,973 2,820,773 $2.96 $2.89 $23,597,000 $8,152,000
2.94% 1.83% 33,000 TIDEWATER INC. 1,153,578 1,120,578 $47.95 $47.09 $55,314,000 $52,768,000
0.59% 8.59% 5,343 VORNADO REALTY TRUST 906,265 900,922 $69.94 $64.41 $63,384,000 $58,028,000
0.99% 4.72% 4,800 WESTWOOD HOLDINGS GROUP INC. 492,087 487,287 $36.34 $34.70 $17,882,000 $16,909,000
11.86% 17.71% 104,149 WEYERHAEUSER COMPANY 982,197 878,048 $43.14 $36.65 $42,372,000 $32,180,000
10.58% 6.13% 471,025 MONTPELIER RE HOLDINGS LTD. 4,924,355 4,453,330 $17.32 $16.32 $85,290,000 $72,678,000
0.12% 4.74% 15,000 NABORS INDUSTRIES 12,108,000 12,093,000 $21.89 $20.90 $265,044,000 $252,744,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-3.69% 8.54% -44,772 ALAMO GROUP, INC. 1,169,949 1,214,721 $17.15 $15.80 $20,065,000 $19,193,000
-10.74% -50.60% -2,877,027 AMBAC FINANCIAL GROUP 23,905,335 26,782,362 $0.83 $1.68 $19,841,000 $44,994,000
-2.69% 4.03% -72,573 APPLIED MATERIALS, INC. 2,629,429 2,702,002 $13.94 $13.40 $36,654,000 $36,207,000
-2.85% 29.51% -64,201 BRISTOW GROUP INC. 2,191,514 2,255,715 $38.45 $29.69 $84,264,000 $66,972,000
-1.96% -22.60% -112,457 BRONCO DRILLING CO. INC. 5,628,487 5,740,944 $5.07 $6.55 $28,536,000 $37,603,000
-23.53% 7.67% -42,120 BROOKFIELD PROPERTIES 136,850 178,970 $12.12 $11.26 $1,659,000 $2,015,000
-4.79% 22.28% -271,275 CIMAREX ENERGY CO. 5,391,049 5,662,324 $52.97 $43.32 $285,563,000 $245,292,000
-23.81% 27.49% -102,728 COHERENT INC. 328,803 431,531 $29.73 $23.32 $9,775,000 $10,063,000
-6.16% 13.10% -5,870 CONOCOPHILLIPS 89,462 95,332 $51.07 $45.16 $4,569,000 $4,305,000
-0.02% -8.77% -100 CONSOLIDATED TOMOKA LAND CO. 510,182 510,282 $34.94 $38.30 $17,826,000 $19,544,000
-0.15% -19.19% -5,875 ELECTRO SCIENTIFIC INDUSTRIES,  3,804,924 3,810,799 $10.82 $13.39 $41,169,000 $51,027,000
-1.46% 15.44% -62,425 ELECTRONICS FOR IMAGING INC. 4,211,440 4,273,865 $13.01 $11.27 $54,791,000 $48,166,000
-1.41% -11.89% -386,936 FOREST CITY ENTERPRISES CL A 27,119,135 27,506,071 $11.78 $13.37 $319,463,000 $367,756,000
-53.54% 7.66% -118,072 GENESEE & WYOMING INC. CL A 102,441 220,513 $32.64 $30.32 $3,344,000 $6,686,000
-0.17% 5.84% -4,900 GLATFELTER P. H. CO. 2,937,883 2,942,783 $12.15 $11.48 $35,695,000 $33,783,000
-15.24% 16.26% -427,194 HAVERTY FURNITURE COMPANIES INC 2,375,849 2,803,043 $13.73 $11.81 $32,620,000 $33,104,000
-0.25% 6.44% -3,252 HERLEY INDUSTRIES, INC. 1,313,717 1,316,969 $13.89 $13.05 $18,248,000 $17,186,000
-1.14% 8.78% -12,276 INSTEEL INDUSTRIES INC. 1,068,787 1,081,063 $13.00 $11.95 $13,894,000 $12,919,000
-49.62% 5.71% -1,437,716 JOURNAL COMMUNICATIONS INC.CL A 1,459,559 2,897,275 $3.89 $3.68 $5,678,000 $10,662,000
-0.02% 14.47% -158 KAISER ALUMINUM CORP. 836,979 837,137 $41.62 $36.36 $34,835,000 $30,438,000
-1.86% -29.36% -5,800 KID BRANDS, INC. 306,037 311,837 $4.38 $6.20 $1,340,000 $1,933,000
-86.34% 4.64% -3,075,450 LOUISIANA PACIFIC CORP. 486,575 3,562,025 $6.98 $6.67 $3,396,000 $23,759,000
-69.65% -48.71% -12,583,782 MBIA INC. 5,484,555 18,068,337 $3.98 $7.76 $21,829,000 $140,210,000
-1.41% -1.34% -4,598 NATIONAL WESTERN LIFE INSU CL A 321,033 325,631 $173.62 $175.98 $55,738,000 $57,305,000
-18.58% 12.24% -103,650 NEWALLIANCE BANCSHARES, INC. 454,286 557,936 $12.01 $10.70 $5,456,000 $5,970,000
-0.97% 7.47% -7,604 NEWMONT MINING CORPORATION 777,142 784,746 $47.31 $44.02 $36,767,000 $34,545,000
-0.50% 26.13% -21,800 POSCO 4,347,779 4,369,579 $131.10 $103.94 $569,994,000 $454,174,000
-12.63% 6.84% -460,975 PHARMACEUTICAL PRODUCT DEVELOPM 3,187,836 3,648,811 $23.44 $21.94 $74,723,000 $80,055,000
-16.63% 7.63% -766,377 PIONEER DRILLING CO. 3,840,896 4,607,273 $7.90 $7.34 $30,343,000 $33,817,000
-8.05% 7.75% -249,478 SUPERIOR INDUSTRIES INT'L, INC. 2,849,785 3,099,263 $15.30 $14.20 $43,602,000 $44,010,000
-1.83% -0.62% -40,600 SYNOPSYS INC. 2,176,796 2,217,396 $22.28 $22.42 $48,499,000 $49,714,000
-16.42% 2.17% -59,774 UNITED MICROELECTRONICS CORP. 304,303 364,077 $3.88 $3.80 $1,181,000 $1,383,000
-15.38% 12.70% -251,238 VAIL RESORTS INC. 1,382,432 1,633,670 $37.80 $33.54 $52,256,000 $54,793,000
-7.19% -3.00% -136,396 WESTLAKE CHEMICAL CORP. 1,761,737 1,898,133 $24.93 $25.70 $43,920,000 $48,782,000
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