<PAGE>
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, 1999
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Heartland Advisors, Inc.
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Address: 790 N. Milwaukee St.
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Milwaukee, WI 53202-3712
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Form 13F File Number: 28-3516
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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: Patrick J. Retzer
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Title: Senior Vice President
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Phone: 414-347-7777
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Signature, Place, and Date of Signing:
/s/ Patrick J. Retzer Milwaukee, Wisconsin August 11, 1999
------------------------ ----------------------------- ---------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
------------------------------------------------------------------------
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 395
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Form 13F Information Table Value Total: $ 2,319,332
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
NONE
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<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
TITLE VALUE SHARES SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X $1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACETO CORP COM 004446100 1725 150000 SH SOLE 0 150000
ACRES GAMING INC COM 004936100 582 291000 SH SOLE 0 291000
ADVANCED LTG TECHNOLOGIES COM 00753C102 2764 307100 SH SOLE 3100 304000
ADVOCAT INC COM 007586100 1546 798000 SH SOLE 267500 530500
ALABAMA NATL BANCORP DELA COM 010317105 2750 110000 SH SOLE 0 110000
ALDILA INC COM 014384101 1844 1000000 SH SOLE 0 1000000
ALIGN-RITE INTL INC COM 016251100 4163 300000 SH SOLE 0 300000
ALLIED HEALTHCARE PRODS INC COM 019222108 3226 1947800 SH SOLE 1172800 775000
ALLMERICA FINL CORP COM 019754100 357 5868 SH SOLE 2613 3255
ALPINE GROUP INC COM 020825105 25549 1590600 SH SOLE 535500 1055100
AMCAST INDL CORP COM 023395106 2447 150000 SH SOLE 0 150000
AMCOL INTL CORP COM 02341W103 2129 148100 SH SOLE 0 148100
AMERICAN MED SEC GROUP INC COM 02744P101 14084 1632900 SH SOLE 963500 669400
AMERICAN PHYSICIANS SVC GROUP COM 028882108 1303 372200 SH SOLE 180000 192200
AMWEST INS GROUP INC DEL COM 032345100 2871 310388 SH SOLE 68388 242000
ARCADIA FINL LTD COM 039101100 4035 520600 SH SOLE 0 520600
ASIA PACIFIC WIRE & CABLE CORP COM G0535E106 9452 2160500 SH SOLE 1323800 836700
ASSOCIATED BANC CORP COM 045487105 16739 403345 SH SOLE 477 402868
ASTORIA FINL CORP COM 046265104 2285 52000 SH SOLE 37000 15000
ATLANTIC AMERN CORP COM 048209100 1372 337800 SH SOLE 0 337800
ATS MED INC COM 002083103 0 17000 SH SOLE 17000 0
AUDIOVOX CORP COM 050757103 6393 581200 SH SOLE 0 581200
AUTODESK INC COM 052769106 3927 132850 SH SOLE 89550 43300
AZTEC TECHNOLOGY PARTNERS INC COM 05480L101 0 175000 SH SOLE 150000 25000
BADGER METER INC COM 056525108 14025 403600 SH SOLE 183100 220500
BALWIN PIANO & ORGAN CO COM 058246109 5825 728100 SH SOLE 396600 331500
BALWIN TECHNOLOGY INC COM 058264102 1469 500000 SH SOLE 0 500000
BANDO MCGLOCKLIN CAP CORP COM 060003100 475 39200 SH SOLE 0 39200
BANK UTD CORP COM 065412108 2478 61650 SH SOLE 41150 20500
BARRETT BUSINESS SERVICES INC COM 068463108 8883 1045000 SH SOLE 409600 635400
BAY BANCSHARES INC COM 07203N109 1958 126300 SH SOLE 0 126300
BAY VIEW CAP CORP DEL COM 07262L101 4252 207400 SH SOLE 10000 197400
BEC ENERGY COM 05538M101 0 26050 SH SOLE 26050 0
BENTON OIL & GAS CO COM 083288100 4901 2450400 SH SOLE 1349300 1101100
BEVERLY ENTERPRISES INC COM 087851309 33370 4138900 SH SOLE 1985500 2153400
BIOSOURCE INTL INC COM 09066H104 0 30000 SH SOLE 30000 0
BITSTREAM INC COM 091736108 837 582200 SH SOLE 0 582200
BLIMPIE INTL INC COM 093538106 637 231500 SH SOLE 0 231500
BLUE WAVE SYS INC COM 096081104 6296 1736800 SH SOLE 1140600 596200
BOLDER TECHNOLOGIES CORP COM 097519102 744 85000 SH SOLE 0 85000
BORDERS GROUP INC COM 099709107 1754 110900 SH SOLE 71200 39700
BOWATER INC COM 102183100 1654 35010 SH SOLE 24610 10400
BTG INC COM 05576J101 10664 1777400 SH SOLE 926400 851000
BUCKHEAD AMER CORP COM 11835A105 1038 184600 SH SOLE 0 184600
BUILDING ONE SVCS CORP COM 120114103 3981 286935 SH SOLE 0 286935
BURLINGTON COAT FACTORY COM 121579106 12740 659700 SH SOLE 151900 507800
BUSINESS RESOURCE GROUP COM 12329K104 1999 603500 SH SOLE 26500 577000
CAMERON ASHLEY BUILDING PRODS COM 133290106 5219 500000 SH SOLE 0 500000
CAMPBELL RES INC NEW COM 134422104 3750 12000000 SH SOLE 0 12000000
CAPITAL AUTOMOTIVE (REIT) COM 139733109 294 41020 SH SOLE 20720 20300
CAPITAL CORP OF THE WEST COM 140065103 1864 149100 SH SOLE 31500 117600
CAPITAL RE CORP COM 140432105 4819 300000 SH SOLE 0 300000
CAPITOL TRANSAMERICA CORP COM 140640103 1325 100000 SH SOLE 0 100000
CARETENDERS HEALTHCORP COM 141740209 1104 420700 SH SOLE 107000 313700
CASH AMER INTL INC COM 14754D100 6438 500000 SH SOLE 0 500000
CASTLE DENTAL CTRS INC COM 14844P105 784 125500 SH SOLE 25500 100000
CATALINA LTG INC COM 148865108 7181 1436200 SH SOLE 711200 725000
CATHERINES STORES CORP COM 14916F100 10921 882500 SH SOLE 293100 589400
CAVALIER HOMES INC COM 149507105 5584 682060 SH SOLE 288160 393900
CENTRAL SPRINKLER CORP COM 155184104 0 470200 SH SOLE 447200 23000
CERES GROUP INC COM 156772105 919 100000 SH SOLE 0 100000
CHAMPION ENTERPRISES INC COM 158496109 3118 167400 SH SOLE 103900 63500
CHC HELICOPTER CORP COM 12541C203 1942 536000 SH SOLE 0 536000
CHECK TECHNOLOGY CORP COM 162780100 499 210000 SH SOLE 0 210000
CHERRY CORP COM 164541203 12991 944800 SH SOLE 0 944800
CHIC BY HIS INC COM 167113109 1154 450200 SH SOLE 0 450200
CHICAGO TITLE CORP COM 168228104 9882 276900 SH SOLE 152000 124900
CHILDRENS BROADCASTING CORP COM 168755205 1458 686000 SH SOLE 6000 680000
CHILDRENS COMPREHENSIVE SERVICES INC COM 16875K202 3191 460000 SH SOLE 0 460000
CHRONIMED INC COM 171164106 8618 1112000 SH SOLE 433000 679000
CIPRICO INC COM 172529109 5366 540000 SH SOLE 0 540000
CKE RESTAURANTS INC COM 12561E105 11143 685750 SH SOLE 203850 481900
COHESION TECHNOLOGIES INC COM 19248N101 4878 813000 SH SOLE 0 813000
COLLAGEN AESTHETIC INC COM 194194106 18167 1321200 SH SOLE 432100 889100
COLONIAL PPTYS TR COM 195872106 0 123150 SH SOLE 109450 13700
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 308 13500 SH SOLE 5100 8400
COMDIAL CORP COM 200332302 4800 679700 SH SOLE 103100 576600
COMMERCIAL FEDERAL CORPORATION COM 201647104 15021 647825 SH SOLE 142100 505725
COMMONWEALTH INDS INC DEL COM 203004106 21867 1749350 SH SOLE 800450 948900
COMMUNICATIONS SYS INC COM 203900105 1238 100000 SH SOLE 0 100000
COOKER RESTAURANT CORP COM 216284208 3783 680100 SH SOLE 62100 618000
COPLEY PHARMACEUTICAL INC COM 21745K101 6423 626600 SH SOLE 93700 532900
CROWN CENT PETE CORP COM 228219309 9900 900000 SH SOLE 0 900000
CSP INC COM 126389105 4509 680545 SH SOLE 269532 411013
CYRK, INC COM 232817106 6583 1085800 SH SOLE 88700 997100
DATA GEN CORP COM 237688106 2183 149900 SH SOLE 98700 51200
DATRON SYS INC DEL COM 238173108 6147 793100 SH SOLE 486100 307000
DAVEL COMMUNICATIONS INC COM 238341101 0 934560 SH SOLE 859232 75328
DAVOX CORP COM 239208101 3138 262900 SH SOLE 32600 230300
DECORATOR INDS INC COM 243631207 2535 349600 SH SOLE 0 349600
DIAMOND HOME SVCS INC COM 252648100 3761 885000 SH SOLE 0 885000
DIGI INTL INC COM 253798102 20122 1927900 SH SOLE 1085900 842000
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 10700 484600 SH SOLE 0 484600
DONNELLY CORP CL A 257870105 19003 1201750 SH SOLE 757350 444400
DUCKWALL-ALCO STORES INC NEW COM 264142100 5058 481700 SH SOLE 101200 380500
DURAKON INDS INC COM 266334101 7891 503000 SH SOLE 0 503000
DYNAMIC MATLS CORP COM 267888105 2269 550000 SH SOLE 287200 262800
EASCO INC COM 27033E103 1284 121575 SH SOLE 108275 13300
ECC INTL CORP COM 268255106 3501 889100 SH SOLE 159100 730000
ECLIPSE SURGICAL TECHNOLOGIES COM 278849104 2703 250000 SH SOLE 0 250000
EDAP TMS S A SPONSORED ADR 268311107 2024 1156600 SH SOLE 240000 916600
EL PASO ELEC CO COM NEW 283677854 4915 549950 SH SOLE 427250 122700
EMC INS GROUP INC COM 268664109 4358 370900 SH SOLE 70900 300000
ENCORE WIRE CORP COM 292562105 2809 310000 SH SOLE 10000 300000
ENGLE HOMES INC COM 292896107 17109 1244300 SH SOLE 609400 634900
ENVIRONMENTAL TECHNOLOGIES CO COM 293961108 467 467200 SH SOLE 0 467200
EQUITY INNS INC COM 294703103 9692 1047800 SH SOLE 968600 79200
ESCO ELECTRS CORP COM 269030201 4026 314200 SH SOLE 0 314200
ESTERLINE TECHNOLOGIES CORP COM 297425100 7834 545000 SH SOLE 121100 423900
EXABYTE CORP COM 300615101 4008 1034200 SH SOLE 379100 655100
EXECUTONE INFORMATION SYS INC COM 301607107 20829 4865100 SH SOLE 2364000 2501100
EZCORP INC CL A NON VTG 302301106 12249 1781600 SH SOLE 941300 840300
FAHNESTOCK VINER HLDGS INC COM 302921101 4347 278200 SH SOLE 37500 240700
FIBERMARK INC COM 315646109 9027 684500 SH SOLE 265400 419100
FILENES BASEMENT CORP COM 316866102 1014 705100 SH SOLE 0 705100
FINANCIAL INDS CORP COM 317574101 5629 469100 SH SOLE 140100 329000
FLEMING COS INC COM 339130106 4650 400000 SH SOLE 0 400000
FLEXSTEEL INDS INC COM 339382103 4446 334000 SH SOLE 0 334000
FLOUR CITY INTERNATIONAL INC COM 343858205 1500 500000 SH SOLE 0 500000
FOREST OIL CORP COM NEW 346091606 13379 1065000 SH SOLE 58800 1006200
FORTRESS GROUP INC COM 34956K108 441 300000 SH SOLE 0 300000
FOSTER L B CO COM 350060109 1763 300000 SH SOLE 0 300000
FRANCHISE MORTGAGE ACCEPTANCE COM 35181D108 1519 173600 SH SOLE 0 173600
FRANKLIN BK NA SOUTHFIELD MICH COM 352456107 3027 281542 SH SOLE 95742 185800
FREQUENCY ELECTRS INC COM 358010106 635 77000 SH SOLE 0 77000
FRIEDMAN INDS INC COM 358435105 970 231525 SH SOLE 0 231525
GA FINL INC COM 361437106 1463 100000 SH SOLE 0 100000
GEHL CO COM 368483103 9315 460000 SH SOLE 172000 288000
GENERAL CHEM GROUP INC COM 369332101 938 300000 SH SOLE 0 300000
GENESIS HEALTH VENTURES INC COM 371912106 2859 953000 SH SOLE 20000 933000
GEOSCIENCE CORP COM 373636109 2879 404000 SH SOLE 10000 394000
GIBSON GREETINGS INC COM 374827103 1269 200000 SH SOLE 0 200000
GOODYS FAMILY CLOTHING INC COM 382588101 1144 100000 SH SOLE 0 100000
GUANGSHEN RY LTD SPONSORED ADR 40065W107 3813 500000 SH SOLE 0 500000
GUNDLE/SLT ENVIRONMENTAL INC COM 402809107 3373 793700 SH SOLE 130900 662800
GZA GEOENVIRONMENTAL TECH INC COM 362386104 2783 556500 SH SOLE 173800 382700
HALLMARK CAP CORP COM 406241109 1251 110000 SH SOLE 0 110000
HALLMARK FINL SVCS INC EC COM 40624Q104 439 1170600 SH SOLE 110600 1060000
HALLWOOD ENERGY CORPORATION COM 40636X105 9693 1615420 SH SOLE 892092 723328
HALLWOOD GROUP INC COM 406364406 2527 131700 SH SOLE 72200 59500
HAMPSHIRE GROUP LTD COM 408859106 2762 230200 SH SOLE 2000 228200
HARDING LAWSON ASSOCS GROUP COM 412293102 4805 565300 SH SOLE 172700 392600
HCR MANOR CARE INC COM 404134108 619 25600 SH SOLE 6100 19500
HEALTH MGMT SYS INC COM 42219M100 2200 400000 SH SOLE 0 400000
HEALTH POWER INC COM 42219G103 1628 766300 SH SOLE 426300 340000
HEALTHRITE INC COM 42221F101 313 500000 SH SOLE 0 500000
HEALTHSOUTH CORP COM 421924101 919 61500 SH SOLE 19300 42200
HIGH PLAINS CORP COM 429701105 5956 3124300 SH SOLE 1624300 1500000
HMN FINL INC COM 40424G108 3436 295600 SH SOLE 45000 250600
HOLLINGER INTL INC COM 435569108 17124 1442000 SH SOLE 789200 652800
HOME FED BANCORP COM 436926109 8236 290250 SH SOLE 0 290250
HOME PRODS INTL INC COM 437305105 2406 283100 SH SOLE 0 283100
HOME SECURITY INTERNATIONAL COM 437333107 8739 1553600 SH SOLE 1018600 535000
HON INDS INC COM 438092108 747 25600 SH SOLE 9300 16300
HOSPITALITY WORLDWIDE SVCS INC COM 44106N100 4642 1280600 SH SOLE 318100 962500
HOUSEHOLD INTL INC COM 441815107 262 5526 SH SOLE 626 4900
ICN PHARMACEUTICALS INC NEW COM 448924100 133411 4187396 SH SOLE 1306295 2881101
IEC ELECTRS CORP NEW COM 44949L105 9246 2595400 SH SOLE 1781700 813700
IMC GLOBAL INC COM 449669100 532 30200 SH SOLE 8400 21800
IMMULOGIC PHARMACEUTICAL CORP COM 45252R100 5468 2916000 SH SOLE 886000 2030000
IN HOME HEALTH INC COM NEW 453222408 793 470101 SH SOLE 0 470101
INDUS INTL INC COM 45578L100 2186 507000 SH SOLE 47000 460000
INFORMATION ADVANTAGE SOFTWARE COM 45669P101 0 35000 SH SOLE 35000 0
INSTEEL INDUSTRIES INC COM 45774W108 3877 430800 SH SOLE 0 430800
INTEGRATED DEVICE TECHNOLOGY COM 458118106 0 10000 SH SOLE 10000 0
INTERCONTINENTAL LIFE CORP COM 458593100 5124 546600 SH SOLE 75100 471500
INTERDIGITAL COMMUNICATIONS CP COM 45866A105 39983 8644900 SH SOLE 3787700 4857200
INTERMET CORP COM 45881K104 9075 600000 SH SOLE 0 600000
INTERNATIONAL AIRCRAFT INVS COM 458860103 4259 603100 SH SOLE 173100 430000
INTERNATIONAL AIRL SUPPORT GRP COM NEW 458865201 1412 332200 SH SOLE 82200 250000
INTERNATIONAL ALUM CORP COM 458884103 3445 125000 SH SOLE 0 125000
INTERPORE INTL COM 46062W107 7446 1805000 SH SOLE 1109600 695400
ITRON INC COM 465741106 970 113300 SH SOLE 0 113300
IWERKS ENTMT INC COM 465916104 3226 3036500 SH SOLE 1811200 1225300
JACO ELECTRS INC COM 469783104 3390 821900 SH SOLE 441900 380000
JASON INC COM 471171108 3200 400000 SH SOLE 0 400000
JEFFERSON SMURFIT GROUP PLC SPONSORED ADR 47508W107 1552 65850 SH SOLE 42700 23150
JUDGE GROUP INC COM 481271104 1120 717000 SH SOLE 304900 412100
K TRON INTL INC COM 482730108 2379 135000 SH SOLE 0 135000
K2 INC COM 482732104 5712 639100 SH SOLE 113100 526000
KAYE GROUP INC COM 486589104 2727 363600 SH SOLE 0 363600
KENNEDY-WILSON INC COM NEW 489399204 2503 280000 SH SOLE 5000 275000
KENT ELECTRS CORP SUB NT CV 4.5%04 490553AA2 0 245000 PRN SOLE 4442 45023
KENTUCKY ELEC STL INC COM 49127B100 2511 758000 SH SOLE 270000 488000
KONINKLIJKE PHILIPS ELECTRS NV SPONSORED ADR 500472204 557 5520 SH SOLE 2668 2852
LACROSSE FOOTWEAR INC COM 505688101 3875 500000 SH SOLE 0 500000
LADD FURNITURE INC COM PAR $0.30 505739201 2100 100000 SH SOLE 0 100000
LAI WORLDWIDE INC COM 501718100 3946 590000 SH SOLE 0 590000
LAKES GAMING INC COM 51206P109 0 136200 SH SOLE 124675 11525
LANDRYS SEAFOOD RESTAURANTS COM 51508L103 4800 599950 SH SOLE 81850 518100
LECHTERS CORP COM 523238103 2112 844700 SH SOLE 0 844700
LENNAR CORP COM 526057104 2798 116600 SH SOLE 75700 40900
LINDAL CEDAR HOMES INC COM 535130108 877 425400 SH SOLE 20000 405400
LITTLE SWITZ INC COM 537528101 203 295000 SH SOLE 0 295000
LIZ CLAIBORNE COM 539320101 745 20400 SH SOLE 4000 16400
LNR PPTY CORP COM 501940100 1410 65950 SH SOLE 40050 25900
LONDON PAC GROUP LTD SPONSORED ADR 542073101 37341 1623500 SH SOLE 1002800 620700
LOUISIANA PAC CORP COM 546347105 323 13600 SH SOLE 5600 8000
LSI INDS INC COM 50216C108 5669 235000 SH SOLE 0 235000
LUFKIN INDS INC COM 549764108 6068 303400 SH SOLE 0 303400
M A R C INC COM 552914103 3625 250000 SH SOLE 0 250000
M D C HLDGS INC COM 552676108 5347 248700 SH SOLE 0 248700
M/I SCHOTTENSTEIN HOMES INC COM 55305B101 6320 342800 SH SOLE 16300 326500
M-WAVE INC COM 554034108 1188 475000 SH SOLE 175000 300000
MAF BANCORP INC COM 55261R108 0 53821 SH SOLE 53821 0
MAGAL SECURITY SYS LTD COM M6786D104 2031 650000 SH SOLE 0 650000
MANCHESTER EQUIP INC COM 562154104 1126 391800 SH SOLE 0 391800
MANPOWER INC COM 56418H100 1138 50300 SH SOLE 22000 28300
MARCUS CORP COM 566330106 2770 225000 SH SOLE 0 225000
MARTEN TRANS LTD COM 573075108 4863 405275 SH SOLE 29500 375775
MARTIN INDS INC DEL COM 57326K102 984 450000 SH SOLE 0 450000
MASSBANK CORP READ MASS COM 576152102 5190 138398 SH SOLE 5065 133333
MATERIAL SCIENCES CORP COM 576674105 7500 500000 SH SOLE 0 500000
MATRIX PHARMACEUTICAL INC COM 576844104 5218 1265000 SH SOLE 165000 1100000
MATRIX SVC CO COM 576853105 2475 600000 SH SOLE 0 600000
MAXICARE HEALTH PLANS INC COM NEW 577904204 16748 3525900 SH SOLE 2392000 1133900
MCDERMOTT INTL INC COM 580037109 2678 94800 SH SOLE 62900 31900
MEADOW VY CORP COM 583185103 1934 442100 SH SOLE 223100 219000
MEDICAL GRAPHICS CORP COM 584907109 851 680700 SH SOLE 137250 543450
MENTOR CORP MINN COM 587188103 20982 1126550 SH SOLE 324850 801700
MFRI INC COM 552721102 5384 1076700 SH SOLE 676700 400000
MICRON ELECTRONICS INC COM 595100108 3019 300000 SH SOLE 0 300000
MICROTEST INC COM 594941106 1728 727600 SH SOLE 356500 371100
MICROTOUCH SYS INC COM 595145103 3347 225000 SH SOLE 0 225000
MIDAMERICAN ENERGY HLDGS NEW COM 59562V107 516 14900 SH SOLE 5400 9500
MINING SVCS INTL CORP COM NEW 603665209 1188 250000 SH SOLE 0 250000
MINNTECH CORP COM 604258103 18825 1276250 SH SOLE 600500 675750
MMI COS INC COM 553087107 11941 707600 SH SOLE 198300 509300
MODIS PROFESSIONAL SVCS INC COM 607830106 2460 178900 SH SOLE 120000 58900
MOORE MED CORP COM 615799103 4506 431700 SH SOLE 202200 229500
MORGAN PRODS LTD COM 617439104 7703 2020400 SH SOLE 1128400 892000
MOTOR CLUB AMER COM 619823107 2240 171500 SH SOLE 25500 146000
MYR GROUP INC COM 554053108 16568 943397 SH SOLE 430797 512600
NABI INC COM 628716102 9698 3448000 SH SOLE 100800 3347200
NAPCO SEC SYS INC COM 630402105 444 136500 SH SOLE 0 136500
NATIONAL HOME HEALTH CARE CORP COM 636380107 1559 346400 SH SOLE 0 346400
NEOMAGIC CORP COM 640497103 2102 250000 SH SOLE 0 250000
NETWORK EQUIP TECHNOLOGIES COM 641208103 18619 1885500 SH SOLE 1109000 776500
NETWORKS NORTH INC COM 641220108 525 200000 SH SOLE 0 200000
NEW BRUNSWICK SCIENTIFIC INC COM 642876106 1299 185500 SH SOLE 0 185500
NORSTAN INC COM 656535101 23690 1904750 SH SOLE 1282450 622300
NORTHLAND CRANBERRIES INC CL A 666499108 3375 400000 SH SOLE 0 400000
NOVAMERICAN STL INC COM 669959108 3167 275400 SH SOLE 0 275400
NU HORIZONS ELECTRS CORP COM 669908105 4944 700000 SH SOLE 0 700000
NUMAC ENERGY INC COM 67052A103 7943 3140400 SH SOLE 875300 2265100
O I CORP COM 670841105 1428 326500 SH SOLE 0 326500
OAKWOOD HOMES CORP COM 674098108 0 103500 SH SOLE 55500 48000
OIL DRI CORP AMER COM 677864100 15194 949600 SH SOLE 428100 521500
OLSTEN CORP COM 681385100 789 125000 SH SOLE 0 125000
ONTRO INC COM 683380109 867 315400 SH SOLE 0 315400
ORTHOLOGIC CORP COM 68750J107 9336 3781600 SH SOLE 2359400 1422200
OSMONICS INC COM 688350107 14959 1375500 SH SOLE 767200 608300
OUTLOOK GROUP CORP COM 690113105 3863 1103700 SH SOLE 636200 467500
OWENS CORNING COM 69073F103 495 14400 SH SOLE 6200 8200
PARLEX CORP COM 701630105 3364 213600 SH SOLE 0 213600
PATRICK INDS INC COM 703343103 12242 783500 SH SOLE 412000 371500
PBOC HLDGS INC COM 69316G108 7493 749300 SH SOLE 197500 551800
PDK LABS INC COM NEW 693293508 1620 480000 SH SOLE 100000 380000
PENTECH INTL INC COM 709635106 555 709900 SH SOLE 0 709900
PERRIGO CO COM 714290103 9879 1295600 SH SOLE 709000 586600
PETSEC ENERGY LTD SPONSORED ADR 715796108 2438 1500000 SH SOLE 0 1500000
PHOTOELECTRON CORP COM 719320103 897 286900 SH SOLE 105000 181900
PIA MERCHANDISING SVCS INC COM 693360109 5884 1384500 SH SOLE 672700 711800
PICO HLDGS INC COM NEW 693366205 8076 319040 SH SOLE 63640 255400
PLANAR SYS INC COM 726900103 3100 400000 SH SOLE 0 400000
PLAY BY PLAY TOYS & NOVELTIES COM 72811K103 2995 731500 SH SOLE 0 731500
POINT FINANCIAL CORP COM 73084P100 1050 100000 SH SOLE 0 100000
POLAROID CORP COM 731095105 2580 93400 SH SOLE 59700 33700
POWELL INDS INC COM 739128106 9131 987100 SH SOLE 378700 608400
PRECISION DRILLING CORP COM 74022D100 1515 79500 SH SOLE 68000 11500
PRECISION RESPONSE CORP COM 740314109 1259 225000 SH SOLE 0 225000
PREMARK INTL INC COM 740459102 2453 65400 SH SOLE 43300 22100
PREMIUMWEAR INC COM 740909106 975 200000 SH SOLE 0 200000
PRESIDENTIAL LIFE CORP COM 740884101 19625 1000000 SH SOLE 0 1000000
PRICE ENTERPRISES INC COM NEW 741444202 257 17200 SH SOLE 0 0
PRIME HOSPITALITY CORP COM 741917108 2036 169700 SH SOLE 109050 60650
PRIME RETAIL INC COM 741570105 4726 543950 SH SOLE 518350 25600
PROFESSIONALS GROUP INC COM 742954100 12760 378077 SH SOLE 136077 242000
PROVIDENCE & WORCESTER RR CO COM 743737108 2825 200000 SH SOLE 0 200000
PXRE CORP COM 693674103 17295 954221 SH SOLE 332578 621643
RAINBOW TECHNOLOGIES INC COM 750862104 3898 330000 SH SOLE 7000 323000
RAINFOREST CAFE INC COM 75086K104 3878 766000 SH SOLE 10000 756000
RAMSAY YOUTH SVCS INC COM NEW 75158K206 0 713236 SH SOLE 674237 38999
RAYCHEM CORP DEL COM 754603108 866 23400 SH SOLE 8400 15000
RAYTEL MED CORP COM 755107109 4149 897000 SH SOLE 17000 880000
REHABILICARE INC COM 758944102 1034 312100 SH SOLE 0 312100
RELIANCE GROUP HOLDINGS INC COM 759464100 3374 453600 SH SOLE 202800 250800
RELIANCE STEEL & ALUMINUM CO COM 759509102 9649 247400 SH SOLE 0 247400
REMINGTON OIL & GAS CORP COM 759594302 17898 3671375 SH SOLE 2056175 1615200
RENAISSANCE RE HLDGS LT COM G7496G103 9250 250000 SH SOLE 0 250000
REPUBLIC BANCORP INC COM 760282103 18421 1212898 SH SOLE 396483 816415
RESPIRONICS INC COM 761230101 1513 100000 SH SOLE 0 100000
RIGHTCHOICE MANAGED CARE INC CL A 76657K101 16727 1462450 SH SOLE 706450 756000
RIVIERA TOOL CO COM 769648106 1809 366350 SH SOLE 46100 320250
ROTTLUND INC COM 779077106 2727 589600 SH SOLE 32400 557200
RUSH ENTERPRISES INC COM 781846100 3789 235000 SH SOLE 10000 225000
RYANS FAMILY STEAK HOUSE INC COM 783519101 5638 485000 SH SOLE 0 485000
RYDER SYS INC COM 783549108 801 30800 SH SOLE 6700 24100
SALIENT 3 COMMUNICATIONS INC CL A 794721100 2438 300000 SH SOLE 0 300000
SANFILIPPO JOHN B & SON INC COM 800422107 1792 470000 SH SOLE 0 470000
SANTA FE INTL CORP COM G7805C108 1375 59800 SH SOLE 36000 23800
SAUCONY INC CL B 804120202 20937 925400 SH SOLE 416200 509200
SCAN OPTICS INC COM 805894102 2705 618200 SH SOLE 35000 583200
SCPIE HLDGS INC COM 78402P104 8871 271900 SH SOLE 13500 258400
SEATTLE FILMWORKS INC COM 812572105 306 100000 SH SOLE 0 100000
SECURITY DYNAMICS TECHNOLOGIES COM 814208104 9643 453800 SH SOLE 329900 123900
SEIBELS BRUCE GROUP INC COM NEW 816006209 3250 650000 SH SOLE 0 650000
SELECTIVE INS GROUP INC COM 816300107 2888 151500 SH SOLE 0 151500
SHILOH INDS INC COM 824543102 4230 291700 SH SOLE 62200 229500
SHOLODGE INC SBDB CONV 7.5%04 825034AA9 144270 2520000 PRN SOLE 95667 -288375
SHOLODGE INC COM 825034101 2683 530000 SH SOLE 0 22737
SHOPKO STORES INC COM 824911101 29399 811000 SH SOLE 138300 672700
SHUFFLE MASTER INC COM 825549108 0 20000 SH SOLE 20000 0
SIFCO INDS INC COM 826546103 1650 200000 SH SOLE 0 200000
SITEL CORP COM 82980K107 1995 679000 SH SOLE 126900 552100
SIX RIVS NATL BK EUREKA CA COM 830059101 1213 93300 SH SOLE 0 93300
SMARTFLEX SYS INC COM 83169K108 1988 600000 SH SOLE 0 600000
SOUTHERN ENERGY HOMES INC COM 842814105 15030 2829100 SH SOLE 1916100 913000
SOUTHWESTERN ENERGY CO COM 845467109 26162 2476900 SH SOLE 1319100 1157800
SPACEHAB INC COM 846243103 1398 272700 SH SOLE 0 272700
SPACELABS MED INC COM 846247104 249 13200 SH SOLE 0 13200
SPECTRUM CTL INC COM 847615101 0 130000 SH SOLE 130000 0
SPEIZMAN INDS INC COM 847805108 1088 300000 SH SOLE 0 300000
ST FRANCIS CAP CORP COM 789374105 4838 225000 SH SOLE 0 225000
ST PAUL COS INC COM 792860108 420 13208 SH SOLE 4086 9122
STARCRAFT CORP COM 855269106 0 431600 SH SOLE 375100 56500
STEEL TECHNOLOGIES COM 858147101 2320 245800 SH SOLE 0 245800
STEPHAN CO COM 858603103 838 200000 SH SOLE 0 200000
STERLING FINL CORP WASH COM 859319105 5532 400500 SH SOLE 105500 295000
STERLING SOFTWARE INC COM 859547101 3814 142920 SH SOLE 91820 51100
STIFEL FINL CORP COM 860630102 1956 210000 SH SOLE 0 210000
STORAGE TECHNOLOGY CORP COM PAR $0.10 862111200 6806 299160 SH SOLE 89310 209850
STRATEGIC DIAGNOSTICS INC COM 862700101 2721 725600 SH SOLE 142500 583100
STRATTEC SEC CORP COM 863111100 14533 430600 SH SOLE 123800 306800
STROUDS INC COM 863451100 1138 700000 SH SOLE 0 700000
STRUCTURAL DYNAMICS RESH CORP COM 863555108 3059 164800 SH SOLE 109400 55400
SUMMIT BK CORP GA COM 866013105 807 48900 SH SOLE 0 48900
SUN HEALTHCARE GROUP INC SD CV 144A 6%04 866933AA2 19938 1595000 PRN SOLE 65705 73031.06
SUNRISE MED INC COM 867910101 4554 639100 SH SOLE 0 639100
SUPREMA SPECIALTIES INC COM 86859F107 187 26900 SH SOLE 0 26900
SYBASE INC COM 871130100 11297 1027000 SH SOLE 20000 1007000
SYNCOR INTL CORP DEL COM 87157J106 3852 107000 SH SOLE 0 107000
TAB PRODS CO DEL COM 873197107 4973 674300 SH SOLE 174300 500000
TECH SYM CORP COM 878308105 27570 1160850 SH SOLE 781250 379600
TECHNOLOGY RESH CORP COM NEW 878727304 906 500000 SH SOLE 0 500000
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287308 2426 26950 SH SOLE 23850 3100
TELECOMUNICACOES BRASILEIRAS S SPONSORED ADR 879287100 2 30650 SH SOLE 26350 4300
TELTREND INC COM 87969R106 20307 955600 SH SOLE 413900 541700
TENET HEALTHCARE CORP COM 88033G100 561 30200 SH SOLE 11600 18600
TESORO PETE CORP COM 881609101 24076 1510650 SH SOLE 170450 1340200
TEXAS INDS INC COM 882491103 1019 26300 SH SOLE 16200 10100
TODHUNTER INTL INC DEL COM 889050100 4104 490000 SH SOLE 0 490000
TOPPS INC COM 890786106 5825 800000 SH SOLE 0 800000
TOYS R US INC COM 892335100 571 27600 SH SOLE 11800 15800
TRANSCOASTAL MARINE SERVICES COM 893537100 5099 1046000 SH SOLE 41000 1005000
TRIMARK HLDGS INC COM 89621J100 1544 329300 SH SOLE 0 329300
U S A FLORAL PRODS INC COM 90331T107 5294 700000 SH SOLE 0 700000
U S GLOBAL INVS INC CL A 902952100 750 600000 SH SOLE 0 600000
U S HOME CORP NEW COM 911920106 14466 407500 SH SOLE 4500 403000
UNICOM CORP COM 904911104 609 15800 SH SOLE 3800 12000
UNIMARK GROUP INC COM 904789104 1427 415000 SH SOLE 0 415000
UNION PAC CORP COM 907818108 1434 24600 SH SOLE 16150 8450
UNIONBANCORP INC COM 908908106 1952 130700 SH SOLE 1400 129300
UNISOURCE ENERGY CORP COM 909205106 35778 2997150 SH SOLE 1346950 1650200
UNITED INVS RLTY TR COM 910741107 0 535400 SH SOLE 520400 15000
UNITED SEC BANCORPORATION WASH COM 91146A101 2681 206211 SH SOLE 0 206211
UNITED WIS SVCS INC NEW COM 913238101 13139 1642400 SH SOLE 1130800 511600
UNIVERSAL STAINLESS & ALLOY COM 913837100 1150 200000 SH SOLE 0 200000
UROCOR INC COM 91727P105 3375 687800 SH SOLE 117000 570800
URS CORP NEW COM 903236107 29057 991279 SH SOLE 455879 535400
UTAH MED PRODS INC COM 917488108 775 100000 SH SOLE 0 100000
VANS INC COM 921930103 2382 208000 SH SOLE 0 208000
VERDANT BRANDS INC COM 923366108 1270 1311000 SH SOLE 0 1311000
VETERINARY CTRS AMER INC COM 925514101 1031 76000 SH SOLE 1000 75000
VICORP RESTAURANTS INC COM 925817108 6159 354500 SH SOLE 0 354500
WALDEN RESIDENTIAL PPTYS INC COM 931210108 0 93900 SH SOLE 75600 18300
WALL DATA INC COM 932045107 7937 830000 SH SOLE 309900 520100
WASHINGTON HOMES INC NEW COM 938864105 3427 532300 SH SOLE 314500 217800
WEBCO INDS INC COM 947621108 1538 300000 SH SOLE 0 300000
WELLMAN INC COM 949702104 2782 174550 SH SOLE 125150 49400
WESTON ROY F INC CL A 961137106 3021 1006900 SH SOLE 16900 990000
WEYCO GROUP INC COM 962149100 4071 177000 SH SOLE 0 177000
WILLBROS GROUP INC COM 969199108 3723 438000 SH SOLE 85600 352400
WILLIAMS CLAYTON ENERGY INC COM 969490101 4293 723000 SH SOLE 159400 563600
WILSONS THE LEATHER EXPERTS COM 972463103 6024 366500 SH SOLE 0 366500
WINSLOEW FURNITURE INC COM 975377102 5817 173000 SH SOLE 37300 135700
WINSTON HOTELS INC COM 97563A102 2597 251800 SH SOLE 232300 19500
WINSTON RES INC COM 975661109 1226 280200 SH SOLE 157700 122500
WORLD ACCEP CORP DEL COM 981419104 2013 400000 SH SOLE 0 400000
WORLD OF SCIENCE COM 981500101 855 402400 SH SOLE 102400 300000
WRP CORP COM 929317105 2774 489000 SH SOLE 79200 409800
WYMAN GORDON CO COM 983085101 3380 175000 SH SOLE 0 175000
XL CAP LTD CL A G98255105 2118 37480 SH SOLE 26080 11400
ZALE CORP NEW COM 988858106 2060 51500 SH SOLE 34100 17400
ZINDART LTD SPONSORED ADR 989597109 16243 1968900 SH SOLE 1358800 610100
-------
TOTAL 2319332
=======
TOTAL ENTRIES 395
</TABLE>
