Zebra Capital Management

Zebra Capital Management as of Dec. 31, 2006

Portfolio Holdings for Zebra Capital Management

Zebra Capital Management holds 345 positions in its portfolio as reported in the December 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Nationwide Financial Services 1.2 $3.5M 65k 54.21
Discovery Holding Co-a 1.2 $3.5M 217k 16.09
Cia Anonima Telef De Ven- 1.1 $3.4M 173k 19.59
King Pharmaceuticals 1.1 $3.3M 205k 15.92
LifePoint Hospitals 1.1 $3.2M 95k 33.70
Companhia de Saneamento Basi (SBS) 1.0 $2.9M 85k 33.87
Adolor Corporation (ADLR) 0.9 $2.7M 362k 7.52
Ase Test 0.9 $2.7M 208k 13.19
Five Star Quality Care 0.9 $2.7M 240k 11.15
Phoenix Companies 0.9 $2.6M 166k 15.89
First Data Corp 0.9 $2.6M 103k 25.52
Alliance One International 0.9 $2.6M 365k 7.06
Ase Test 0.9 $2.6M 380k 6.79
KT Corporation (KT) 0.9 $2.6M 101k 25.35
Molex Incorporated 0.8 $2.5M 79k 31.63
Gamco Investors (GAMI) 0.8 $2.4M 63k 38.46
Txu Corp 0.8 $2.3M 42k 54.22
Prestige Brands Holdings (PBH) 0.8 $2.3M 173k 13.02
Goodyear Tire & Rubber Company (GT) 0.8 $2.2M 107k 20.99
Kronos Inc Com Stk 0.8 $2.2M 61k 36.74
WellPoint 0.7 $2.2M 28k 78.67
ADC Telecommunications 0.7 $2.2M 149k 14.53
Pfizer (PFE) 0.7 $2.1M 81k 25.89
American Eagle Outfitters (AEO) 0.7 $2.1M 68k 31.21
Aetna 0.7 $2.1M 48k 43.18
Arcelor Mittal- Class A Ny Re 0.7 $2.1M 49k 42.18
Ase Test 0.7 $2.1M 116k 18.01
Bon-Ton Stores (BONTQ) 0.7 $2.1M 59k 34.65
Rush Enterprises (RUSHA) 0.7 $2.0M 118k 16.92
Municipal Mortgage & Equity 0.7 $2.0M 61k 32.20
Advanced Micro Devices (AMD) 0.7 $1.9M 94k 20.35
PICO Holdings 0.6 $1.8M 53k 34.78
Corrections Corporation of America 0.6 $1.8M 40k 45.23
Telefonos de Mexico 0.6 $1.8M 64k 28.26
Delhaize 0.6 $1.8M 22k 83.28
Seacor Holdings 0.6 $1.7M 18k 99.15
Infospace Inc Com Stk 0.6 $1.8M 86k 20.51
Brookline Ban (BRKL) 0.6 $1.7M 131k 13.17
Tempur-Pedic International (TPX) 0.6 $1.7M 85k 20.46
China Netcom Group Corporation Adr adrs stocks 0.6 $1.7M 33k 53.51
BlackRock 0.6 $1.7M 11k 151.86
Pma Capital Corporation Cl-a Cmn Cl 0.6 $1.7M 183k 9.22
EnPro Industries (NPO) 0.6 $1.7M 52k 33.20
Geo 0.6 $1.7M 46k 37.52
Books-A-Million 0.6 $1.7M 75k 22.68
Ntl Inc Del 0.6 $1.7M 66k 25.24
Humana (HUM) 0.6 $1.7M 30k 55.31
Bank Mutual Corporation 0.6 $1.6M 135k 12.11
Sun Microsystems 0.6 $1.6M 298k 5.42
China Automotive Systems (CAAS) 0.6 $1.6M 130k 12.49
Eastman Kodak Company 0.5 $1.6M 61k 25.80
Guess? (GES) 0.5 $1.6M 25k 63.42
Aegon 0.5 $1.6M 83k 18.94
Array BioPharma 0.5 $1.5M 117k 12.92
Companhia Paranaense de Energia 0.5 $1.5M 140k 10.98
Smith & Wesson Holding Corporation 0.5 $1.5M 148k 10.34
KEMET Corporation 0.5 $1.5M 205k 7.30
Ingram Micro 0.5 $1.5M 73k 20.41
Oceaneering International (OII) 0.5 $1.5M 38k 39.70
Genesis Microchip Incorporated 0.5 $1.5M 145k 10.14
Janus Capital 0.5 $1.5M 69k 21.58
Chippac 0.5 $1.5M 193k 7.68
Knight Capital 0.5 $1.4M 75k 19.16
Wheeling- Pittsburgh Corp 0.5 $1.4M 76k 18.73
Ase Test 0.5 $1.5M 18k 80.99
Bankatlantic Corp Inc Cl A 0.5 $1.4M 102k 13.81
Sonic Automotive (SAH) 0.5 $1.4M 49k 29.03
Telecom Italia S.p.A. (TIIAY) 0.5 $1.4M 47k 30.12
Nci Bldg Sys 0.5 $1.4M 27k 51.74
AZZ Incorporated (AZZ) 0.5 $1.4M 27k 51.18
Harris Corporation 0.5 $1.4M 30k 45.86
Grupo Financiero Galicia (GGAL) 0.5 $1.4M 143k 9.56
Liberty Global 0.5 $1.3M 46k 29.16
BankUnited Financial Corporation 0.5 $1.4M 48k 27.95
Bayer (BAYRY) 0.4 $1.3M 24k 53.38
BP Prudhoe Bay Royalty Trust (BPT) 0.4 $1.3M 17k 77.01
Medco Health Solutions 0.4 $1.2M 23k 53.43
AutoZone (AZO) 0.4 $1.2M 11k 115.59
NewAlliance Bancshares 0.4 $1.2M 75k 16.40
Netbank 0.4 $1.2M 265k 4.64
Sabre Holdings Corp-cl A 0.4 $1.2M 39k 31.89
NRG Energy (NRG) 0.4 $1.2M 21k 56.01
Vodafone 0.4 $1.2M 43k 27.78
Odyssey Re Corp./orh 0.4 $1.2M 32k 37.30
Veritas Dgc 0.4 $1.2M 14k 85.65
Invacare Corporation 0.4 $1.2M 48k 24.55
Carrier Access Corp 0.4 $1.2M 179k 6.56
Companhia Vale Do Rio Doce 0.4 $1.2M 39k 29.75
Cooper Tire & Rubber Company 0.4 $1.2M 80k 14.30
Pozen 0.4 $1.2M 68k 16.99
TETRA Technologies (TTI) 0.4 $1.1M 43k 25.59
Amvescap 0.4 $1.1M 45k 24.65
Cameron International Corporation 0.4 $1.1M 21k 53.03
DSW 0.4 $1.1M 28k 38.57
Powerwave Technologies 0.4 $1.0M 163k 6.45
Mitsubishi UFJ Financial (MUFG) 0.4 $1.1M 85k 12.44
Business Objects Sa Levallois 0.4 $1.1M 27k 39.45
Armor Holdings 0.4 $1.1M 19k 54.87
Ase Test 0.4 $1.1M 73k 14.62
Phelps Dodge Corp 0.4 $1.1M 8.9k 119.71
Itron (ITRI) 0.3 $1.0M 20k 51.84
Sanofi-Aventis SA (SNY) 0.3 $1.0M 22k 46.16
United Online 0.3 $1.0M 77k 13.28
Stillwater Mining Company 0.3 $1.0M 81k 12.49
Marvel Entertainment 0.3 $1.0M 37k 26.91
Openwave Systems 0.3 $1.0M 109k 9.23
Mothers Work 0.3 $992k 25k 39.39
Universal Stainless & Alloy Products (USAP) 0.3 $1.0M 30k 33.47
LaBranche & Co 0.3 $957k 97k 9.83
Gymboree Corporation (GYMB) 0.3 $980k 26k 38.17
Sabine Royalty Trust (SBR) 0.3 $977k 23k 42.28
BT 0.3 $979k 16k 59.91
Permian Basin Royalty Trust (PBT) 0.3 $976k 61k 16.08
Partners Trust Financial Grp 0.3 $962k 83k 11.64
China Life Insurance Company 0.3 $949k 19k 50.50
SanDisk Corporation 0.3 $910k 21k 43.03
LeapFrog Enterprises 0.3 $908k 96k 9.48
Lyondell Chemical Company 0.3 $914k 36k 25.58
Philippine Long Distance Telephone 0.3 $871k 17k 51.13
Continental Airls Inc cl b 0.3 $895k 22k 41.26
Partner Communications Company 0.3 $873k 76k 11.43
Brown Shoe Company 0.3 $888k 19k 47.74
Alon USA Energy 0.3 $889k 34k 26.31
Ikanos Communications 0.3 $889k 102k 8.69
Transaction Systems Architects 0.3 $840k 26k 32.56
Gardner Denver 0.3 $853k 23k 37.32
Williams Partners 0.3 $858k 22k 38.72
Provident Financial Services (PFS) 0.3 $858k 47k 18.12
San Juan Basin Royalty Trust (SJT) 0.3 $854k 26k 32.86
Hugoton Royalty Trust (HGTXU) 0.3 $811k 33k 24.59
Om 0.3 $816k 18k 45.30
Quest Resource Corp Com Stk 0.3 $809k 80k 10.10
Crane 0.3 $787k 22k 36.66
Men's Wearhouse 0.3 $780k 20k 38.26
Rio Tinto (RIO) 0.3 $807k 3.8k 212.37
Triad Hospitals 0.3 $790k 19k 41.84
Alpharma Inc cl a 0.3 $807k 34k 24.11
Comverse Technology 0.3 $804k 38k 21.10
Innospec (IOSP) 0.3 $792k 17k 46.53
Trident Microsystems (TRID) 0.3 $805k 44k 18.19
KongZhong Corporation 0.3 $792k 81k 9.75
Golden Telecom Inc Com Stk 0.3 $781k 17k 46.84
Wolseley (WOSCY) 0.3 $801k 33k 24.41
Cox Radio Inc cl a 0.3 $778k 48k 16.31
Secure Computing Corp. 0.3 $762k 116k 6.56
Schlumberger (SLB) 0.3 $760k 12k 63.19
Carlisle Companies (CSL) 0.3 $777k 9.9k 78.48
Darling International (DAR) 0.3 $773k 140k 5.51
Telecomunicacoes de Sao Paulo SA 0.3 $766k 30k 25.63
ViroPharma Incorporated 0.3 $757k 52k 14.65
Omnicare 0.2 $727k 19k 38.65
Stage Stores 0.2 $725k 24k 30.40
Bio-Rad Laboratories (BIO) 0.2 $738k 8.9k 82.55
Greenbrier Companies (GBX) 0.2 $724k 24k 30.01
Ase Test 0.2 $748k 139k 5.37
United Rentals (URI) 0.2 $707k 28k 25.45
CNA Financial Corporation (CNA) 0.2 $698k 17k 40.35
Res-Care (RSCR) 0.2 $708k 39k 18.16
Interstate Hotels & Resorts 0.2 $694k 93k 7.46
Websidestory 0.2 $695k 55k 12.66
Neoware 0.2 $666k 50k 13.21
British Airways (BAIRY) 0.2 $684k 6.6k 103.21
Companhia Energetica Minas Gerais (CIG) 0.2 $680k 14k 48.17
Superior Energy Services 0.2 $669k 21k 32.68
Portalplayer 0.2 $689k 51k 13.44
Companhia Siderurgica Nacional (SID) 0.2 $656k 22k 29.97
Meadowbrook Insurance 0.2 $658k 67k 9.89
Brooks Automation (AZTA) 0.2 $645k 45k 14.40
Health Net 0.2 $642k 13k 48.64
Insight Enterprises (NSIT) 0.2 $632k 34k 18.87
Group 1 Automotive (GPI) 0.2 $647k 13k 51.70
Hudson City Ban 0.2 $607k 44k 13.87
Unum (UNM) 0.2 $606k 29k 20.77
CNA Surety Corporation 0.2 $611k 28k 21.51
Input/output 0.2 $623k 46k 13.63
El Paso Corporation 0.2 $579k 38k 15.28
Wyeth 0.2 $596k 12k 50.95
Scholastic Corporation (SCHL) 0.2 $585k 16k 35.87
Horizon Offshore 0.2 $596k 37k 16.29
NutriSystem 0.2 $593k 9.4k 63.36
Ez (EZPW) 0.2 $596k 37k 16.26
American Physicians Cap 0.2 $598k 15k 40.07
Teledyne Technologies Incorporated (TDY) 0.2 $574k 14k 40.11
Compania Cervecerias Unidas (CCU) 0.2 $578k 20k 29.69
Southern Copper Corporation (SCCO) 0.2 $600k 11k 53.91
Kirin Holdings Company (KNBWY) 0.2 $580k 37k 15.69
Cincinnati Financial Corporation (CINF) 0.2 $571k 13k 45.32
ConAgra Foods (CAG) 0.2 $549k 20k 26.98
Grant Prideco 0.2 $553k 14k 39.80
Allis-Chalmers Energy 0.2 $559k 24k 23.06
Novellus Systems 0.2 $561k 16k 34.40
Metal Management Inc Com Stk 0.2 $565k 15k 37.86
At&t (T) 0.2 $526k 15k 35.78
Fidelity National Financial 0.2 $533k 22k 23.90
Unitrin 0.2 $516k 10k 50.10
USG Corporation 0.2 $543k 9.9k 54.81
VAALCO Energy (EGY) 0.2 $520k 77k 6.76
Ceradyne 0.2 $533k 9.4k 56.45
Oriental Financial 0.2 $541k 42k 12.94
Energen Corporation 0.2 $521k 11k 46.91
Insteel Industries (IIIN) 0.2 $527k 30k 17.80
Safenet 0.2 $534k 22k 23.95
EMCORE Corporation 0.2 $494k 89k 5.54
Apria Healthcare Group 0.2 $509k 19k 26.65
Andrew Corporation 0.2 $511k 50k 10.23
Allied Capital 0.2 $491k 15k 32.67
IRSA Inversiones Representaciones 0.2 $507k 30k 16.92
Exploration 0.2 $505k 38k 13.34
Topps 0.2 $488k 55k 8.91
Koninklijke Ahold N V 0.2 $493k 47k 10.57
Middleby Corporation (MIDD) 0.2 $492k 4.7k 104.68
Spartan Stores 0.2 $508k 24k 20.93
Invitrogen Corp Com Stk 0.2 $485k 8.6k 56.57
Marchex (MCHX) 0.2 $490k 37k 13.39
AirTran Holdings 0.2 $472k 40k 11.75
Avnet (AVT) 0.2 $471k 19k 25.51
Lufkin Industries 0.2 $476k 8.2k 58.05
South Financial Group 0.2 $458k 17k 26.60
McKesson Corporation (MCK) 0.1 $451k 8.9k 50.67
Korn/Ferry International (KFY) 0.1 $447k 20k 22.94
Movado (MOV) 0.1 $444k 15k 29.00
Merge Technologies 0.1 $445k 68k 6.56
Ase Test 0.1 $445k 45k 10.00
Snap-on Incorporated (SNA) 0.1 $414k 8.7k 47.59
Rent-A-Center (UPBD) 0.1 $400k 14k 29.54
Bellsouth Corp. 0.1 $419k 8.9k 47.08
Talbots 0.1 $407k 17k 24.08
Arrow Electronics (ARW) 0.1 $414k 13k 31.57
New York Community Ban 0.1 $419k 26k 16.12
Investors Ban 0.1 $425k 27k 15.74
EnerSys (ENS) 0.1 $411k 26k 16.01
Allianz SE 0.1 $407k 20k 20.42
McCormick & Company, Incorporated (MKC) 0.1 $425k 11k 38.55
Nash-Finch Company 0.1 $398k 15k 27.32
Petroleum Geo-Services ASA 0.1 $406k 17k 23.42
J.C. Penney Company 0.1 $377k 4.9k 77.37
Spartech Corporation 0.1 $391k 15k 26.24
Plantronics 0.1 $385k 18k 21.20
Century Aluminum Company (CENX) 0.1 $391k 8.8k 44.62
FX Energy 0.1 $370k 60k 6.17
Matrix Service Company (MTRX) 0.1 $385k 24k 16.11
PC Connection (CNXN) 0.1 $395k 27k 14.84
Mercer International (MERC) 0.1 $376k 32k 11.86
Ase Test 0.1 $377k 37k 10.10
Corning Incorporated (GLW) 0.1 $355k 19k 18.68
United America Indemnity Ltd Cmn Cl A 0.1 $340k 13k 25.36
Cost Plus 0.1 $357k 35k 10.30
Chaparral Steel 0.1 $366k 8.3k 44.32
Rudolph Technologies 0.1 $341k 21k 15.92
United States Steel Corporation (X) 0.1 $360k 4.9k 73.20
A. O. Smith Corporation (AOS) 0.1 $366k 9.7k 37.58
Encore Wire Corporation (WIRE) 0.1 $339k 15k 22.01
Weis Markets (WMK) 0.1 $366k 9.1k 40.14
CENTENNIAL BANK HOLDINGS INC Com Stk..................... 0.1 $345k 37k 9.45
Telkom SA (TLKGY) 0.1 $347k 4.3k 80.98
Medallion Financial (MFIN) 0.1 $346k 28k 12.38
Ftd Group 0.1 $350k 20k 17.88
Credence Systems Corp 0.1 $329k 63k 5.21
Public Service Enterprise (PEG) 0.1 $336k 5.1k 66.30
ATP Oil & Gas Corporation 0.1 $334k 8.4k 39.56
Clayton Williams Energy 0.1 $313k 8.6k 36.27
Trinity Industries (TRN) 0.1 $310k 8.8k 35.18
Calgon Carbon Corporation 0.1 $315k 51k 6.20
First Consulting Group 0.1 $331k 24k 13.75
Dominion Resources Black Warrior Trust (DOMR) 0.1 $318k 12k 26.40
Parallel Petroleum Corp 0.1 $313k 18k 17.59
Proquest Company 0.1 $327k 31k 10.44
BG 0.1 $287k 4.2k 68.33
Visteon Corp 0.1 $279k 33k 8.47
Syniverse Holdings 0.1 $288k 19k 15.01
Terex Corporation (TEX) 0.1 $289k 4.5k 64.55
China BAK Battery 0.1 $290k 44k 6.53
FuelCell Energy 0.1 $297k 46k 6.45
Ase Test 0.1 $285k 53k 5.35
Republic Bancorp 0.1 $283k 21k 13.48
Comcast Corporation 0.1 $251k 6.0k 41.83
Dynegy 0.1 $278k 38k 7.24
Tektronix 0.1 $260k 8.9k 29.20
Harleysville 0.1 $268k 7.7k 34.81
Parker-Hannifin Corporation (PH) 0.1 $254k 3.3k 76.97
Mercantile Bankshares 0.1 $267k 5.7k 46.84
Warna 0.1 $264k 10k 25.38
CPFL Energia 0.1 $251k 6.1k 41.06
G-III Apparel (GIII) 0.1 $266k 14k 18.87
Ocwen Financial Corporation 0.1 $260k 16k 15.85
WATSON WYATT WORLDWIDE INC CL A Com Stk 0.1 $272k 6.0k 45.18
BankFinancial Corporation (BFIN) 0.1 $258k 15k 17.79
Overseas Shipholding 0.1 $277k 4.9k 56.32
U S Concrete Inc Com Stk 0.1 $267k 38k 7.11
Builders FirstSource (BLDR) 0.1 $251k 14k 17.84
Australia and New Zealand Banking 0.1 $267k 2.4k 111.76
Petroleum Development Corporation 0.1 $237k 5.5k 43.09
World Acceptance (WRLD) 0.1 $249k 5.3k 46.98
CF Industries Holdings (CF) 0.1 $222k 8.7k 25.64
PMC-Sierra 0.1 $233k 35k 6.70
Western Alliance Bancorporation (WAL) 0.1 $236k 6.8k 34.72
Telecom Argentina (TEO) 0.1 $248k 12k 19.99
Community Bank System (CBU) 0.1 $228k 9.9k 23.04
Checkpoint Systems 0.1 $240k 12k 20.17
Standard Microsystems Corporation 0.1 $246k 8.8k 27.95
Boardwalk Pipeline Partners 0.1 $226k 7.3k 30.78
Natco Group Inc Com Stk 0.1 $244k 7.6k 31.92
FIRST ADVANTAGE CORPCL A COM Stk 0.1 $235k 10k 22.99
UMB Financial Corporation (UMBF) 0.1 $235k 6.5k 36.43
Ase Test 0.1 $232k 50k 4.64
Mercury Computer Systems (MRCY) 0.1 $215k 16k 13.37
Photronics (PLAB) 0.1 $209k 13k 16.36
Nam Tai Electronics 0.1 $216k 14k 15.21
W-h Energy Svcs 0.1 $200k 4.1k 48.70
China Techfaith Wireless Comm. Tech 0.1 $216k 20k 10.80
Par Pharmaceutical Companies 0.1 $203k 9.1k 22.33
Watson Pharmaceuticals 0.1 $213k 8.2k 25.98
Zoran Corporation 0.1 $192k 13k 14.57
Multi-Fineline Electronix 0.1 $209k 10k 20.28
Terra Industries 0.1 $214k 18k 11.99
SWS 0.1 $218k 6.1k 35.74
Tdk Corporation (TTDKY) 0.1 $209k 2.6k 80.38
Berkshire Hills Ban (BHLB) 0.1 $207k 6.2k 33.39
SYNNEX Corporation (SNX) 0.1 $210k 9.6k 21.89
Virage Logic Corporation 0.1 $205k 22k 9.28
NeuroMetrix 0.1 $195k 13k 14.92
Clark 0.1 $205k 12k 16.67
Global Signal 0.1 $205k 3.9k 52.56
Tom Online 0.1 $189k 12k 15.52
Converium Hldg 0.1 $177k 27k 6.62
RehabCare 0.1 $165k 11k 14.86
Advanced Analogic Technologies In 0.1 $170k 32k 5.38
Ase Test 0.1 $187k 17k 11.00
Expressjet Holdings 0.1 $173k 21k 8.12
LMI Aerospace 0.1 $174k 11k 15.52
Amkor Technology (AMKR) 0.1 $156k 17k 9.37
Integrated Silicon Solution 0.1 $135k 23k 5.77
Outdoor Channel Holdings 0.1 $139k 11k 12.87
Emmis Communications Corporation 0.0 $131k 16k 8.26
Cardinal Financial Corporation 0.0 $106k 10k 10.29
Mcdata Codrporation-cl B 0.0 $120k 22k 5.50
SILICON STORAGE TECHNOLOGY Inc Com Stk 0.0 $99k 22k 4.51
Home Solutions Of America In 0.0 $100k 17k 5.88
International Coal 0.0 $62k 11k 5.45
Fibertower Corp 0.0 $62k 11k 5.89
Labopharm 0.0 $59k 10k 5.83
Northfield Laboratories 0.0 $50k 12k 4.07
Panacos Pharmaceuticals (PANC) 0.0 $60k 15k 4.03
Pemstar 0.0 $62k 16k 3.88
Encysive Pharmaceuticals 0.0 $43k 10k 4.22