UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 January 18, 2007
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: 1048
Form13F Information Table Value Total: $2,894,041 (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 441 25000 SH DEFINED 0 25000 0
3M CO COM 88579Y101 4130 53000 SH DEFINED 0 53000 0
AAR CORP COM 000361105 1325 45400 SH DEFINED 0 45400 0
AARON RENTS INC COM 002535201 3349 116350 SH DEFINED 0 116350 0
ABB LTD SPONSORED ADR 000375204 1528 85000 SH DEFINED 0 85000 0
ACACIA RESH CORP ACACIA TCH COM 003881307 458 34200 SH DEFINED 0 34200 0
ACCENTURE LTD BERMUDA CL A G1150G111 6769 183300 SH DEFINED 0 183300 0
ACE LTD ORD G0070K103 821 13550 SH DEFINED 0 13000 550
ACTUANT CORP CL A NEW 00508X203 496 10400 SH DEFINED 0 10400 0
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 131 100000 PRN DEFINED 0 100000 0
ACUITY BRANDS INC COM 00508Y102 12365 237600 SH DEFINED 0 237600 0
ADAPTEC INC NOTE 0.750%12/2 00651FAG3 721 800000 PRN DEFINED 0 800000 0
ADMINISTAFF INC COM 007094105 1711 40000 SH DEFINED 0 40000 0
ADVANCED MAGNETICS INC COM 00753P103 1893 31700 SH DEFINED 0 31700 0
ADVANCED MEDICAL OPTICS INC COM 00763M108 655 18600 SH DEFINED 0 18600 0
ADVANTA CORP CL B 007942204 401 9200 SH DEFINED 0 9200 0
AES CORP COM 00130H105 2711 123000 SH DEFINED 0 123000 0
AES TR III PFD CV 6.75% 00808N202 493 10000 SH DEFINED 0 10000 0
AETNA INC NEW COM 00817Y108 5795 134200 SH DEFINED 0 133000 1200
AFFILIATED MANAGERS GROUP COM 008252108 5614 53400 SH DEFINED 0 53400 0
AFLAC INC COM 001055102 2939 63900 SH DEFINED 0 63900 0
AGCO CORP COM 001084102 309 10000 SH DEFINED 0 10000 0
AGCO CORP NOTE 1.750%12/3 001084AL6 227 150000 PRN DEFINED 0 150000 0
AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1933 1900000 PRN DEFINED 0 1900000 0
AGILENT TECHNOLOGIES INC COM 00846U101 2893 83000 SH DEFINED 0 83000 0
AGL RES INC COM 001204106 2405 61800 SH DEFINED 0 61800 0
AGRIUM INC COM 008916108 630 20000 SH DEFINED 0 20000 0
AIR METHODS CORP COM PAR $.06 009128307 260 9300 SH DEFINED 0 9300 0
AIR PRODS & CHEMS INC COM 009158106 2881 41000 SH DEFINED 0 41000 0
AIRGAS INC COM 009363102 6159 152000 SH DEFINED 0 152000 0
AKAMAI TECHNOLOGIES INC COM 00971T101 12802 241000 SH DEFINED 0 241000 0
ALABAMA NATL BANCORP DELA COM 010317105 708 10300 SH DEFINED 0 10300 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 1142 75200 SH DEFINED 0 75200 0
ALBEMARLE CORP COM 012653101 12608 175600 SH DEFINED 0 175600 0
ALCAN INC COM 013716105 3266 67000 SH DEFINED 0 67000 0
ALCON INC COM SHS H01301102 2794 25000 SH DEFINED 0 25000 0
ALEXANDER & BALDWIN INC COM 014482103 1330 30000 SH DEFINED 0 30000 0
ALEXION PHARMACEUTICALS INC COM 015351109 800 19800 SH DEFINED 0 19800 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 12731 140400 SH DEFINED 0 140400 0
ALLERGAN INC COM 018490102 2958 24700 SH DEFINED 0 24700 0
ALLETE INC COM NEW 018522300 465 10000 SH DEFINED 0 10000 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 5522 88400 SH DEFINED 0 88400 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 690 20000 SH DEFINED 0 20000 0
ALLIANT TECHSYSTEMS INC COM 018804104 633 8100 SH DEFINED 0 8000 100
ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 165 150000 PRN DEFINED 0 150000 0
ALLIED WASTE INDS INC SDCV 4.250% 4/1 019589AD2 334 350000 PRN DEFINED 0 350000 0
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 5927 219600 SH DEFINED 0 219600 0
ALLSTATE CORP COM 020002101 4362 67000 SH DEFINED 0 67000 0
ALVARION LTD SHS M0861T100 202 30000 SH DEFINED 0 30000 0
ALZA CORP SDCV 7/2 02261WAB5 272 300000 PRN DEFINED 0 300000 0
AMBAC FINL GROUP INC COM 023139108 1069 12000 SH DEFINED 0 12000 0
AMBASSADORS GROUP INC COM 023177108 525 17300 SH DEFINED 0 17300 0
AMBASSADORS INTL INC COM 023178106 420 9200 SH DEFINED 0 9200 0
AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 371 350000 PRN DEFINED 0 350000 0
AMDOCS LTD ORD G02602103 7634 197000 SH DEFINED 0 197000 0
AMEDISYS INC COM 023436108 1321 40200 SH DEFINED 0 39333 867
AMERCO COM 023586100 3106 35700 SH DEFINED 0 35700 0
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 1537 34000 SH DEFINED 0 34000 0
AMERICAN COMMERCIAL LINES COM NEW 025195207 4428 67600 SH DEFINED 0 67600 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 5665 181500 SH DEFINED 0 181500 0
AMERICAN ELEC PWR INC COM 025537101 4599 108000 SH DEFINED 0 108000 0
AMERICAN EXPRESS CO COM 025816109 2578 42500 SH DEFINED 0 42500 0
AMERICAN FINL GROUP INC OHIO COM 025932104 2855 79500 SH DEFINED 0 79500 0
AMERICAN FINL GROUP INC OHIO NOTE 1.486% 6/0 025932AD6 169 400000 PRN DEFINED 0 400000 0
AMERICAN INTL GROUP INC COM 026874107 9377 130860 SH DEFINED 0 130000 860
AMERICAN PHYSICIANS CAPITAL COM 028884104 306 7650 SH DEFINED 0 7650 0
AMERICAN REPROGRAPHICS CO COM 029263100 2741 82300 SH DEFINED 0 82300 0
AMERICAN SCIENCE & ENGR INC COM 029429107 595 10000 SH DEFINED 0 10000 0
AMERICAN STS WTR CO COM 029899101 1827 47300 SH DEFINED 0 47300 0
AMERICAN TOWER CORP CL A 029912201 6493 174167 SH DEFINED 0 174167 0
AMERIPRISE FINL INC COM 03076C106 1908 35000 SH DEFINED 0 35000 0
AMERISTAR CASINOS INC COM 03070Q101 1875 61000 SH DEFINED 0 61000 0
AMERON INTL INC COM 030710107 489 6400 SH DEFINED 0 6400 0
AMETEK INC NEW COM 031100100 7078 222300 SH DEFINED 0 222300 0
AMGEN INC COM 031162100 9044 132390 SH DEFINED 0 131000 1390
AMN HEALTHCARE SERVICES INC COM 001744101 6711 243700 SH DEFINED 0 243700 0
AMPCO-PITTSBURGH CORP COM 032037103 837 25000 SH DEFINED 0 25000 0
AMPHENOL CORP NEW CL A 032095101 7164 115400 SH DEFINED 0 115400 0
AMR CORP COM 001765106 3869 128000 SH DEFINED 0 128000 0
AMYLIN PHARMACEUTICALS INC COM 032346108 2092 58000 SH DEFINED 0 58000 0
ANADARKO PETE CORP COM 032511107 1349 31000 SH DEFINED 0 31000 0
ANGLO AMERN PLC ADR 03485P102 683 28000 SH DEFINED 0 25000 3000
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1271 27000 SH DEFINED 0 27000 0
ANHEUSER BUSCH COS INC COM 035229103 2231 45350 SH DEFINED 0 45000 350
ANIXTER INTL INC COM 035290105 7314 134700 SH DEFINED 0 134700 0
ANIXTER INTL INC NOTE 7/0 035290AG0 124 150000 PRN DEFINED 0 150000 0
ANSOFT CORP COM 036384105 1857 66800 SH DEFINED 0 66800 0
ANSYS INC COM 03662Q105 4819 110800 SH DEFINED 0 110800 0
APACHE CORP COM 037411105 229 3450 SH DEFINED 0 2380 1070
APPLE COMPUTER INC COM 037833100 6702 79000 SH DEFINED 0 79000 0
APPLERA CORP COM AP BIO GRP 038020103 3460 94300 SH DEFINED 0 94300 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 3290 125050 SH DEFINED 0 125050 0
APPLIED MATLS INC COM 038222105 3247 176000 SH DEFINED 0 176000 0
APRIA HEALTHCARE GROUP INC NOTE 3.375% 9/0 037933AB4 400 400000 PRN DEFINED 0 400000 0
AQUA AMERICA INC COM 03836W103 2574 113000 SH DEFINED 0 113000 0
AQUANTIVE INC COM 03839G105 4774 193600 SH DEFINED 0 193600 0
ARCH CAP GROUP LTD ORD G0450A105 4280 63300 SH DEFINED 0 63300 0
ARCH CHEMICALS INC COM 03937R102 500 15000 SH DEFINED 0 15000 0
ARCHER DANIELS MIDLAND CO COM 039483102 995 31140 SH DEFINED 0 30000 1140
ARGONAUT GROUP INC COM 040157109 1760 50500 SH DEFINED 0 50500 0
ARKANSAS BEST CORP DEL COM 040790107 817 22700 SH DEFINED 0 22700 0
ARMOR HOLDINGS INC COM 042260109 8063 147000 SH DEFINED 0 147000 0
ARMOR HOLDINGS INC NOTE 2.000%11/0 042260AC3 121 100000 PRN DEFINED 0 100000 0
ARTHROCARE CORP COM 043136100 4906 122900 SH DEFINED 0 122900 0
ASSURANT INC COM 04621X108 3238 58600 SH DEFINED 0 58600 0
ASTA FDG INC COM 046220109 630 20700 SH DEFINED 0 20700 0
AT&T INC COM 00206R102 8151 228000 SH DEFINED 0 228000 0
ATLAS AMER INC COM 049167109 540 10600 SH DEFINED 0 10600 0
ATMI INC COM 00207R101 4122 135000 SH DEFINED 0 135000 0
ATP OIL & GAS CORP COM 00208J108 514 13000 SH DEFINED 0 13000 0
AUDIOCODES LTD ORD M15342104 375 40000 SH DEFINED 0 40000 0
AUTOLIV INC COM 052800109 1688 28000 SH DEFINED 0 28000 0
AUTOMATIC DATA PROCESSING IN COM 053015103 2857 58000 SH DEFINED 0 58000 0
AVALONBAY CMNTYS INC COM 053484101 1196 9200 SH DEFINED 0 9200 0
AVATAR HLDGS INC NOTE 4.500% 4/0 053494AF7 308 200000 PRN DEFINED 0 200000 0
AVI BIOPHARMA INC COM 002346104 95 30000 SH DEFINED 0 30000 0
AVID TECHNOLOGY INC COM 05367P100 373 10000 SH DEFINED 0 10000 0
AVNET INC DBCV 2.000% 3/1 053807AL7 252 250000 PRN DEFINED 0 250000 0
AVNET INC COM 053807103 5523 216325 SH DEFINED 0 213000 3325
AVX CORP NEW COM 002444107 444 30000 SH DEFINED 0 30000 0
AZZ INC COM 002474104 266 5200 SH DEFINED 0 5200 0
BALDOR ELEC CO COM 057741100 1437 43000 SH DEFINED 0 43000 0
BALL CORP COM 058498106 916 21000 SH DEFINED 0 21000 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 2368 65500 SH DEFINED 0 65500 0
BANCO SANTANDER CENT HISPANO ADR 05964H105 989 53000 SH DEFINED 0 53000 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 265 5500 SH DEFINED 0 5500 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1090 35000 SH DEFINED 0 35000 0
BANK HAWAII CORP COM 062540109 7418 137500 SH DEFINED 0 137500 0
BANK MONTREAL QUE COM 063671101 787 13300 SH DEFINED 0 13300 0
BANK NOVA SCOTIA HALIFAX COM 064149107 775 17300 SH DEFINED 0 17300 0
BANKUNITED FINL CORP NOTE 3.125% 3/0 06652BAE3 245 250000 PRN DEFINED 0 250000 0
BANTA CORP COM 066821109 2523 69300 SH DEFINED 0 69300 0
BARCLAYS PLC ADR 06738E204 1163 20000 SH DEFINED 0 20000 0
BARD C R INC COM 067383109 5708 68800 SH DEFINED 0 68800 0
BARNES GROUP INC COM 067806109 548 25200 SH DEFINED 0 25200 0
BARNWELL INDS INC COM 068221100 275 11500 SH DEFINED 0 11500 0
BARRETT BUSINESS SERVICES IN COM 068463108 403 17200 SH DEFINED 0 17200 0
BAXTER INTL INC COM 071813109 845 18214 SH DEFINED 0 18214 0
BAYER A G SPONSORED ADR 072730302 320 6000 SH DEFINED 0 6000 0
BCE INC COM NEW 05534B760 1376 50967 SH DEFINED 0 49411 1556
BE AEROSPACE INC COM 073302101 5254 204600 SH DEFINED 0 204600 0
BEACON ROOFING SUPPLY INC COM 073685109 233 12400 SH DEFINED 0 12400 0
BEAR STEARNS COS INC COM 073902108 9181 56400 SH DEFINED 0 56400 0
BEBE STORES INC COM 075571109 396 20000 SH DEFINED 0 20000 0
BECTON DICKINSON & CO COM 075887109 3683 52500 SH DEFINED 0 52500 0
BELDEN CDT INC COM 077454106 3010 77000 SH DEFINED 0 77000 0
BERKLEY W R CORP COM 084423102 10758 311737 SH DEFINED 0 311737 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2970 27 SH DEFINED 0 27 0
BEST BUY INC SDCV 2.250% 1/1 086516AF8 333 300000 PRN DEFINED 0 300000 0
BG PLC ADR FIN INST N 055434203 1081 15800 SH DEFINED 0 15800 0
BHP BILLITON LTD SPONSORED ADR 088606108 1043 26250 SH DEFINED 0 25000 1250
BIG LOTS INC COM 089302103 4355 190000 SH DEFINED 0 190000 0
BIO RAD LABS INC CL A 090572207 4431 53700 SH DEFINED 0 53700 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 322 14300 SH DEFINED 0 14300 0
BIOGEN IDEC INC COM 09062X103 7049 143300 SH DEFINED 0 143000 300
BISYS GROUP INC COM 055472104 387 30000 SH DEFINED 0 30000 0
BJS RESTAURANTS INC COM 09180C106 394 19500 SH DEFINED 0 19500 0
BLACKBAUD INC COM 09227Q100 2600 100000 SH DEFINED 0 100000 0
BLACKROCK INC COM 09247X101 6820 44900 SH DEFINED 0 44900 0
BMC SOFTWARE INC COM 055921100 4669 145000 SH DEFINED 0 145000 0
BOEING CO COM 097023105 3340 37600 SH DEFINED 0 37600 0
BOK FINL CORP COM NEW 05561Q201 239 4353 SH DEFINED 0 4353 0
BON-TON STORES INC COM 09776J101 468 13500 SH DEFINED 0 13500 0
BOOKS-A-MILLION INC COM 098570104 268 11800 SH DEFINED 0 11800 0
BORDERS GROUP INC COM 099709107 559 25000 SH DEFINED 0 25000 0
BORG WARNER INC COM 099724106 4474 75800 SH DEFINED 0 75800 0
BOSTON BEER INC CL A 100557107 518 14400 SH DEFINED 0 14400 0
BOYD GAMING CORP COM 103304101 1133 25000 SH DEFINED 0 25000 0
BRADY CORP CL A 104674106 1700 45600 SH DEFINED 0 45600 0
BRE PROPERTIES INC CL A 05564E106 1040 16000 SH DEFINED 0 16000 0
BRIGGS & STRATTON CORP COM 109043109 1078 40000 SH DEFINED 0 40000 0
BRINKS CO COM 109696104 5465 85500 SH DEFINED 0 85500 0
BRISTOW GROUP INC PFD CNV 5.50% 110394400 354 7000 SH DEFINED 0 7000 0
BRISTOW GROUP INC COM 110394103 1263 35000 SH DEFINED 0 35000 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 884 15600 SH DEFINED 0 15600 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1120 23250 SH DEFINED 0 23250 0
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BROWN & BROWN INC COM 115236101 3949 140000 SH DEFINED 0 140000 0
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BT GROUP PLC ADR 05577E101 8085 135000 SH DEFINED 0 135000 0
BUCKLE INC COM 118440106 234 4600 SH DEFINED 0 4600 0
BUNGE LIMITED COM G16962105 1099 15150 SH DEFINED 0 14400 750
BURLINGTON NORTHN SANTA FE C COM 12189T104 3823 51800 SH DEFINED 0 51800 0
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CABELAS INC COM 126804301 746 30900 SH DEFINED 0 30000 900
CABOT CORP COM 127055101 654 15000 SH DEFINED 0 15000 0
CADBURY SCHWEPPES PLC ADR 127209302 1159 27000 SH DEFINED 0 27000 0
CALIFORNIA WTR SVC GROUP COM 130788102 566 14000 SH DEFINED 0 14000 0
CAMECO CORP COM 13321L108 809 20000 SH DEFINED 0 20000 0
CANADIAN NAT RES LTD COM 136385101 852 16000 SH DEFINED 0 16000 0
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CNA FINL CORP COM 126117100 5000 124000 SH DEFINED 0 124000 0
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CNOOC LTD SPONSORED ADR 126132109 814 8600 SH DEFINED 0 8600 0
COACH INC COM 189754104 16797 391000 SH DEFINED 0 391000 0
COCA COLA CO COM 191216100 4246 88000 SH DEFINED 0 88000 0
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CONSTELLATION BRANDS INC CL A 21036P108 882 30376 SH DEFINED 0 29276 1100
CONTINENTAL AIRLS INC CL B 210795308 5198 126000 SH DEFINED 0 126000 0
COOPER CAMERON CORP DBCV 1.500% 5/1 216640AE2 241 150000 PRN DEFINED 0 150000 0
COOPER INDS LTD CL A G24182100 2812 31100 SH DEFINED 0 31100 0
COPA HOLDINGS SA CL A P31076105 219 4700 SH DEFINED 0 4700 0
CORE LABORATORIES N V COM N22717107 3783 46700 SH DEFINED 0 46500 200
CORNING INC COM 219350105 655 35000 SH DEFINED 0 35000 0
CORPORATE EXECUTIVE BRD CO COM 21988R102 5999 68400 SH DEFINED 0 68400 0
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COVANCE INC COM 222816100 6162 104600 SH DEFINED 0 104600 0
COVANTA HLDG CORP COM 22282E102 1278 58000 SH DEFINED 0 58000 0
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