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, 2006
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: Value Line Inc
Address: 220 East 42nd Street
New York, NY 10017
13F File Number: 28-00401
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: David Henigson
Title: Vice President
Phone: 212-907-1600
Signature, Place, and Date of Signing:
/s/ David Henigson New York, NY July 24, 2006
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 1401
Form13F Information Table Value Total: $3,182,117 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
21ST CENTY INS GROUP COM 90130N103 360 25000 SH DEFINED 0 25000 0
AAR CORP COM 000361105 1009 45400 SH DEFINED 0 45400 0
AAR CORP CONV BD 1 75 & 0 000361AG0 192 200000 PRN DEFINED 0 200000 0
AAR CORP CONV BD 1 75 & 0 000361AH8 48 50000 PRN DEFINED 0 50000 0
AARON RENTS INC COM 002535201 3689 137250 SH DEFINED 0 137250 0
ABB LTD SPONSORED ADR 000375204 1102 85000 SH DEFINED 0 85000 0
ABN AMRO HLDG NV SPONSORED ADR 000937102 1001 36600 SH DEFINED 0 35000 1600
ABRAXIS BIOSCIENCE INC COM 00383E106 797 33450 SH DEFINED 0 32650 800
ACACIA RESH CORP ACACIA TCH COM 003881307 481 34200 SH DEFINED 0 34200 0
ACCENTURE LTD BERMUDA CL A G1150G111 850 30000 SH DEFINED 0 30000 0
ACCO BRANDS CORP COM 00081T108 0 0 SH DEFINED 0 0 0
ACE LTD ORD G0070K103 28 550 SH DEFINED 0 0 550
ACTUANT CORP CL A NEW 00508X203 5410 108300 SH DEFINED 0 108300 0
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 201 150000 PRN DEFINED 0 150000 0
ACUITY BRANDS INC COM 00508Y102 4809 123600 SH DEFINED 0 123600 0
ADAPTEC INC NOTE 0.750%12/2 00651FAG3 690 800000 PRN DEFINED 0 800000 0
ADELPHIA COMMUNICATIONS C PS 13% 7/15/09 006848303 3 10000 SH DEFINED 0 10000 0
ADMINISTAFF INC COM 007094105 4319 120600 SH DEFINED 0 120600 0
ADVANCED MEDICAL OPTICS INC NOTE 2.500% 7/1 00763MAG3 346 300000 PRN DEFINED 0 300000 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 4061 80100 SH DEFINED 0 80100 0
ADVANCED MEDICAL OPTICS INC NOTE 1.375% 7/0 00763MAJ7 173 150000 PRN DEFINED 0 150000 0
ADVANCED MICRO DEVICES INC COM 007903107 2344 96000 SH DEFINED 0 96000 0
AES TR III PFD CV 6.75% 00808N202 425 9000 SH DEFINED 0 9000 0
AETNA INC NEW COM 00817Y108 104 2600 SH DEFINED 0 1400 1200
AFFILIATED MANAGERS GROUP COM 008252108 4640 53400 SH DEFINED 0 53400 0
AFLAC INC COM 001055102 2962 63900 SH DEFINED 0 63900 0
AGCO CORP COM 001084102 790 30000 SH DEFINED 0 30000 0
AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1978 2000000 PRN DEFINED 0 2000000 0
AGILENT TECHNOLOGIES INC COM 00846U101 2796 88600 SH DEFINED 0 88600 0
AGL RES INC COM 001204106 2928 76800 SH DEFINED 0 76800 0
AGNICO EAGLE MINES LTD COM 008474108 4664 141000 SH DEFINED 0 141000 0
AGRIUM INC COM 008916108 464 20000 SH DEFINED 0 20000 0
AIR METHODS CORP COM PAR $.06 009128307 359 13700 SH DEFINED 0 13700 0
AIR PRODS & CHEMS INC COM 009158106 2621 41000 SH DEFINED 0 41000 0
AIRGAS INC COM 009363102 5662 152000 SH DEFINED 0 152000 0
AKAMAI TECHNOLOGIES INC COM 00971T101 10857 300000 SH DEFINED 0 300000 0
ALABAMA NATL BANCORP DELA COM 010317105 702 10300 SH DEFINED 0 10300 0
ALAMOSA DEL INC 011588AG5 505 500000 PRN DEFINED 0 500000 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 509 40200 SH DEFINED 0 40200 0
ALBEMARLE CORP COM 012653101 3625 75700 SH DEFINED 0 75700 0
albertson 7 25 cvt pfd PFD 013104204 154 6100 SH DEFINED 0 6100 0
ALBERTSONS INC COMMON 013104104 100 3900 SH DEFINED 0 3900 0
ALCAN INC COM 013716105 6806 145000 SH DEFINED 0 145000 0
ALCOA INC COM 013817101 2977 92000 SH DEFINED 0 92000 0
ALDILA INC COM NEW 014384200 362 14300 SH DEFINED 0 14300 0
ALERIS INTL INC COM 014477103 6304 137500 SH DEFINED 0 137500 0
ALEXANDER & BALDWIN INC COM 014482103 885 20000 SH DEFINED 0 20000 0
ALFA CORP COM 015385107 79 4800 SH DEFINED 0 4800 0
ALKERMES INC COM 01642T108 1145 60500 SH DEFINED 0 60500 0
ALLEGHENY TECHNOLOGIES I NOTE 8 375 12/1 01741RAB8 826 800000 PRN DEFINED 0 800000 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 6329 91400 SH DEFINED 0 91400 0
ALLERGAN INC COM 018490102 2649 24700 SH DEFINED 0 24700 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 5200 88400 SH DEFINED 0 88400 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 725 20000 SH DEFINED 0 20000 0
ALLIANT TECHSYSTEMS INC COM 018804104 8 100 SH DEFINED 0 0 100
ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 161 150000 PRN DEFINED 0 150000 0
ALLIED WASTE INDS INC SDCV 4.250% 4/1 019589AD2 322 350000 PRN DEFINED 0 350000 0
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 3608 205600 SH DEFINED 0 205600 0
ALTRIA GROUP INC COM 02209S103 204 2775 SH DEFINED 0 2100 675
ALVARION LTD SHS M0861T100 184 30000 SH DEFINED 0 30000 0
ALZA CORP SDCV 7/2 02261WAB5 247 300000 PRN DEFINED 0 300000 0
AMBASSADORS GROUP INC COM 023177108 500 17300 SH DEFINED 0 17300 0
AMCOL INTL CORP COM 02341W103 4506 171000 SH DEFINED 0 171000 0
AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 354 350000 PRN DEFINED 0 350000 0
AMDOCS LTD ORD G02602103 5307 145000 SH DEFINED 0 145000 0
AMEDISYS INC COM 023436108 1143 30150 SH DEFINED 0 29500 650
AMERCO COM 023586100 3594 35700 SH DEFINED 0 35700 0
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 1131 34000 SH DEFINED 0 34000 0
AMERICAN CAPITAL STRATEGIES COM 024937104 39 1150 SH DEFINED 0 1000 150
AMERICAN CASINO & ENTMT P 02504RAA5 638 600000 PRN DEFINED 0 600000 0
AMERICAN COMMERCIAL LINES COM NEW 025195207 3531 58600 SH DEFINED 0 58600 0
AMERICAN ECOLOGY CORP COM NEW 025533407 663 25000 SH DEFINED 0 25000 0
AMERICAN ELEC PWR INC COM 025537101 1028 30000 SH DEFINED 0 30000 0
AMERICAN FINL GROUP INC OHIO NOTE 1.486% 6/0 025932AD6 127 300000 PRN DEFINED 0 300000 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1287 30000 SH DEFINED 0 30000 0
AMERICAN GREETINGS CORP CL A 026375105 210 10000 SH DEFINED 0 10000 0
AMERICAN INTL GROUP INC COM 026874107 1273 21560 SH DEFINED 0 20700 860
AMERICAN MED SYS HLDGS INC COM 02744M108 1911 114800 SH DEFINED 0 114800 0
AMERICAN PHYSICIANS CAPITAL COM 028884104 131 2500 SH DEFINED 0 2500 0
AMERICAN REPROGRAPHICS CO COM 029263100 2983 82300 SH DEFINED 0 82300 0
AMERICAN RETIREMENT CORP COM 028913101 1363 41600 SH DEFINED 0 41600 0
AMERICAN SCIENCE & ENGR INC COM 029429107 1807 31200 SH DEFINED 0 31200 0
AMERICAN STD COS INC DEL NOTE 8 250 6/0 029712AA4 527 500000 PRN DEFINED 0 500000 0
AMERICAN STS WTR CO COM 029899101 1355 38000 SH DEFINED 0 38000 0
AMERICAN TOWER CORP CL A 029912201 5420 174167 SH DEFINED 0 174167 0
AMERICAN VANGUARD CORP COM 030371108 0 1 SH DEFINED 0 1 0
AMERICANWEST BANCORPORATION COM 03058P109 134 5900 SH DEFINED 0 5900 0
AMERISTAR CASINOS INC COM 03070Q101 1323 68000 SH DEFINED 0 68000 0
AMERUS GROUP CO COM 03072M108 468 8000 SH DEFINED 0 8000 0
AMETEK INC NEW COM 031100100 7022 148200 SH DEFINED 0 148200 0
AMGEN INC NOTE 3/0 031162AL4 147 200000 PRN DEFINED 0 200000 0
AMGEN INC CONV BD 0 125 & 031162AM2 234 250000 PRN DEFINED 0 250000 0
AMGEN INC COM 031162100 1887 28930 SH DEFINED 0 27540 1390
AMKOR TECHNOLOGY INC COM 031652100 5085 537500 SH DEFINED 0 537500 0
AMPCO-PITTSBURGH CORP COM 032037103 66 2300 SH DEFINED 0 2300 0
AMPHENOL CORP NEW CL A 032095101 6458 115400 SH DEFINED 0 115400 0
AMSOUTH BANCORPORATION COM 032165102 3 100 SH DEFINED 0 0 100
AMYLIN PHARMACEUTICALS INC COM 032346108 2863 58000 SH DEFINED 0 58000 0
ANADARKO PETE CORP COM 032511107 3987 83600 SH DEFINED 0 83600 0
ANADIGICS INC COM 032515108 155 23000 SH DEFINED 0 23000 0
ANALOG DEVICES INC COM 032654105 2925 91000 SH DEFINED 0 91000 0
ANDERSONS INC COM 034164103 125 3000 SH DEFINED 0 3000 0
ANGLO AMERN PLC ADR 03485P102 1304 63800 SH DEFINED 0 60800 3000
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1444 30000 SH DEFINED 0 30000 0
ANHEUSER BUSCH COS INC COM 035229103 1612 35350 SH DEFINED 0 35000 350
ANIXTER INTL INC COM 035290105 6393 134700 SH DEFINED 0 134700 0
ANIXTER INTL INC NOTE 7/0 035290AG0 215 300000 PRN DEFINED 0 300000 0
ANNTAYLOR STORES CORP COM 036115103 87 2000 SH DEFINED 0 2000 0
ANSOFT CORP COM 036384105 623 30400 SH DEFINED 0 30400 0
ANSYS INC COM 03662Q105 5298 110800 SH DEFINED 0 110800 0
AON CORP COM 037389103 139 4000 SH DEFINED 0 4000 0
APACHE CORP COM 037411105 4385 64250 SH DEFINED 0 62780 1470
APEX SILVER MINES LTD ORD G04074103 828 55000 SH DEFINED 0 55000 0
APPLE COMPUTER INC COM 037833100 2577 45000 SH DEFINED 0 45000 0
APPLEBEES INTL INC COM 037899101 56 2900 SH DEFINED 0 0 2900
APPLERA CORP COM AP BIO GRP 038020103 809 25000 SH DEFINED 0 25000 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 3752 154350 SH DEFINED 0 154350 0
APPLIED MATLS INC COM 038222105 3516 216000 SH DEFINED 0 216000 0
APTARGROUP INC COM 038336103 685 13800 SH DEFINED 0 13800 0
AQUA AMERICA INC COM 03836W103 3419 150000 SH DEFINED 0 150000 0
AQUANTIVE INC COM 03839G105 5833 230300 SH DEFINED 0 230300 0
AQUILA INC PIES 6.75% 03840P409 148 4000 SH DEFINED 0 4000 0
ARCH CAP GROUP LTD ORD G0450A105 1980 33300 SH DEFINED 0 33300 0
ARCH CHEMICALS INC COM 03937R102 5119 142000 SH DEFINED 0 142000 0
ARCH COAL INC COM 039380100 4534 107000 SH DEFINED 0 107000 0
ARCHER DANIELS MIDLAND CO COM 039483102 8565 207490 SH DEFINED 0 205600 1890
ARCO CHEM CO DEB 9 800 2/0 001920AB3 705 600000 PRN DEFINED 0 600000 0
ARENA PHARMACEUTICALS INC COM 040047102 116 10000 SH DEFINED 0 10000 0
ARGONAUT GROUP INC COM 040157109 1517 50500 SH DEFINED 0 50500 0
ARKANSAS BEST CORP DEL COM 040790107 603 12000 SH DEFINED 0 12000 0
ARKEMA COMMON 041232109 0 2 SH DEFINED 0 0 2
ARMOR HOLDINGS INC COM 042260109 7819 142600 SH DEFINED 0 142600 0
ARMOR HOLDINGS INC NOTE 2.000%11/0 042260AC3 238 200000 PRN DEFINED 0 200000 0
ARRIS GROUP INC COM 04269Q100 512 39000 SH DEFINED 0 39000 0
ARTHROCARE CORP COM 043136100 5407 128700 SH DEFINED 0 128700 0
ASSURANT INC COM 04621X108 2836 58600 SH DEFINED 0 58600 0
ASTA FDG INC COM 046220109 774 20700 SH DEFINED 0 20700 0
ASTEC INDS INC COM 046224101 471 13800 SH DEFINED 0 13800 0
AT&T INC COM 00206R102 7586 272000 SH DEFINED 0 272000 0
ATLAS AMER INC COM 049167109 475 10600 SH DEFINED 0 10600 0
ATP OIL & GAS CORP COM 00208J108 545 13000 SH DEFINED 0 13000 0
AUDIOCODES LTD ORD M15342104 273 25000 SH DEFINED 0 25000 0
AUTODESK INC COM 052769106 620 18000 SH DEFINED 0 18000 0
AUTOLIV INC COM 052800109 1895 33500 SH DEFINED 0 33500 0
AVALONBAY CMNTYS INC COM 053484101 1018 9200 SH DEFINED 0 9200 0
AVI BIOPHARMA INC COM 002346104 113 30000 SH DEFINED 0 30000 0
AVIALL INC NEW COM 05366B102 6781 142700 SH DEFINED 0 142700 0
AVID TECHNOLOGY INC COM 05367P100 333 10000 SH DEFINED 0 10000 0
AVNET INC DBCV 2.000% 3/1 053807AL7 140 150000 PRN DEFINED 0 150000 0
AVNET INC COM 053807103 521 26000 SH DEFINED 0 26000 0
AVNET INC NOTE 9 750 2/1 053807AK9 527 500000 PRN DEFINED 0 500000 0
AVON PRODS INC COM 054303102 29 950 SH DEFINED 0 950 0
AVX CORP NEW COM 002444107 4500 285000 SH DEFINED 0 285000 0
BADGER METER INC COM 056525108 178 6600 SH DEFINED 0 6600 0
BAKER HUGHES INC COM 057224107 3368 41150 SH DEFINED 0 41000 150
BALCHEM CORP COM 057665200 54 2400 SH DEFINED 0 2400 0
BALL CORP COM 058498106 1296 35000 SH DEFINED 0 35000 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 1910 65500 SH DEFINED 0 65500 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 222 5500 SH DEFINED 0 5500 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 844 35000 SH DEFINED 0 35000 0
BANCORPSOUTH INC COM 059692103 229 8400 SH DEFINED 0 8400 0
BANK HAWAII CORP COM 062540109 6820 137500 SH DEFINED 0 137500 0
BANK MONTREAL QUE COM 063671101 717 13300 SH DEFINED 0 13300 0
BANK NOVA SCOTIA HALIFAX COM 064149107 306 7700 SH DEFINED 0 7700 0
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BANK OF THE OZARKS INC COM 063904106 473 14200 SH DEFINED 0 14200 0
BANKRATE INC COM 06646V108 702 18600 SH DEFINED 0 18600 0
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BARR PHARMACEUTICALS INC COM 068306109 1979 41500 SH DEFINED 0 41500 0
BARRETT BUSINESS SERVICES IN COM 068463108 316 17200 SH DEFINED 0 17200 0
BAXTER INTL INC COM 071813109 670 18214 SH DEFINED 0 18214 0
BB&T CORP COM 054937107 125 3000 SH DEFINED 0 3000 0
BCE INC COMMON 05534B760 1343 56800 SH DEFINED 0 55100 1700
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BERRY PETE CO CL A 085789105 265 8000 SH DEFINED 0 8000 0
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CHESAPEAKE ENERGY CORP 165167883 284 150 SH DEFINED 0 150 0
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