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, 2005
Check here if Amendment [ ]; Amendment Number:
This Amendment(Check only one.): [ ] is a restatement.
[ ] adds a new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Grove Creek Asset Management
Address: 822 A1A North, Suite 201
Ponte Vedra Beach, FL 32082
Form 13F File Number: 28-11540
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: Dave Foley
Title: Chief Compliance Officer
Phone: 212-230-3270
Signature, Place, and Date of Signing
Dave Foley New York, NY January 5, 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
Form 13F Information Table Entry Total: 93
Form 13F Information Table Value Total: $277,745.31
(thousands)
List of Other Included Managers:
NONE
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FORM 13F INFORMATION TABLE
PAGE 1
GROVE CREEK ASSET MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 12/31/05
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
----------------- ---------------------------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------
3M CO COM COMMON 88579Y101 5,472,895 70,618 X 0 70,618 0
A T & T INC (NEW) COMMON 00206R102 2,254,280 92,049 X 0 92,049 0
ABBOTT LABS COMMON 002824100 474,343 12,030 X 0 12,030 0
ACE LTD ORD COMMON G0070K103 467,600 8,750 X 0 8,750 0
AFLAC INC COM COMMON 001055102 5,443,209 117,260 X 0 117,260 0
ALLSTATE CORP COM COMMON 020002101 3,991,664 73,824 X 0 73,824 0
ALTRIA GROUP INC COM COMMON 02209S103 536,490 7,180 X 0 7,180 0
AMCAP FD INC COM MUTUAL 023375108 191,334 10,007 X 0 10,007 0
AMERICAN HIGH INCOME MUTUAL 026547109 286,937 23,694 X 0 23,694 0
APCO ARGENTINA INC CA COMMON 037489101 1,621,182 31,400 X 0 31,400 0
BALDOR ELEC CO COM COMMON 057741100 220,590 8,600 X 0 8,600 0
BANK AMER CORP COM COMMON 060505104 10,133,709 219,582 X 0 219,582 0
BANK NEW YORK INC COMMON 064057102 5,922,794 185,959 X 0 185,959 0
BELLSOUTH CORP COMMON 079860102 939,964 34,685 X 0 34,685 0
BERKSHIRE HATHAWAY IN COMMON 084670207 408,035 139 X 0 139 0
BP AMOCO ADS COMMON 055622104 2,087,214 32,501 X 0 32,501 0
BRISTOL MYERS SQUIBB COMMON 110122108 830,727 36,150 X 0 36,150 0
BURLINGTON NORTHN SAN COMMON 12189T104 8,726,653 123,223 X 0 123,223 0
BURLINGTON RESOURCES COMMON 122014103 4,552,567 52,814 X 0 52,814 0
CANADIAN NATL RY CO C COMMON 136375102 696,873 8,712 X 0 8,712 0
CANADIAN PAC RY LTD C COMMON 13645T100 3,851,010 91,800 X 0 91,800 0
CAPITAL WRLD GRW & IN MUTUAL 140543109 454,688 12,433 X 0 12,433 0
CHEVRONTEXACO CORP CO COMMON 166764100 3,425,331 60,337 X 0 60,337 0
CHITTENDEN CORP COM COMMON 170228100 3,231,494 116,199 X 0 116,199 0
CISCO SYS INC COM COMMON 17275R102 281,453 16,440 X 0 16,440 0
CITIGROUP INC COM COMMON 172967101 4,726,094 97,385 X 0 97,385 0
CONOCOPHILLIPS COM COMMON 20825C104 13,097,831 225,126 X 0 225,126 0
COSTCO WHSL CORP NEW COMMON 22160K105 4,277,918 86,475 X 0 86,475 0
CRANE CO COM COMMON 224399105 1,290,882 36,600 X 0 36,600 0
DATAMEG CORP NEW YORK COMMON 238084107 1,260 30,000 X 0 30,000 0
DELL INC COM COMMON 24702R101 697,835 23,300 X 0 23,300 0
DOVER CORP COM COMMON 260003108 4,736,399 116,977 X 0 116,977 0
DUKE PWR CO COMMON 264399106 629,044 22,916 X 0 22,916 0
EL PASO CORP COM COMMON 28336L109 150,176 12,350 X 0 12,350 0
EMERSON ELEC CO COMMON 291011104 321,210 4,300 X 0 4,300 0
ENCANA CORP COM COMMON 292505104 9,666,588 214,052 X 0 214,052 0
EXXON MOBIL CORP COM COMMON 30231G102 8,699,048 154,870 X 0 154,870 0
FAIRMONT HOTELS RESOR COMMON 305204109 1,848,016 43,575 X 0 43,575 0
FLORIDA ROCK INDS INC COMMON 341140101 17,386,717 354,397 X 0 354,397 0
FLOWSERVE CORP COM COMMON 34354P105 850,540 21,500 X 0 21,500 0
FPL GROUP INC COM COMMON 302571104 236,892 5,700 X 0 5,700 0
GENERAL ELEC CO COMMON 369604103 11,356,401 324,006 X 0 324,006 0
GLAXOSMITHKLINE PLC A COMMON 37733W105 250,027 4,953 X 0 4,953 0
GRANT PRIDECO INC COM COMMON 38821G101 14,002,320 317,369 X 0 317,369 0
GROWTH FD AMER INC CO MUTUAL 399874106 258,144 8,365 X 0 8,365 0
</TABLE>
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GROVE CREEK ASSET MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 12/31/05
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
----------------- ---------------------------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------
GULFMARK OFFSHORE INC COMMON 402629109 15,820,338 534,110 X 0 534,110 0
HONEYWELL INTL INC CO COMMON 438516106 3,126,504 83,933 X 0 83,933 0
HUDSON UTD BANCORP CO COMMON 444165104 733,568 17,600 X 0 17,600 0
INTEL CORP COM COMMON 458140100 3,608,916 144,588 X 0 144,588 0
INTERNATIONAL BUSINES COMMON 459200101 4,346,900 52,882 X 0 52,882 0
J P MORGAN CHASE & CO COMMON 46625H100 3,688,749 92,939 X 0 92,939 0
JOHNSON & JOHNSON COMMON 478160104 5,190,416 86,363 X 0 86,363 0
KAYDON CORP COM COMMON 486587108 1,275,958 39,700 X 0 39,700 0
KEYSPAN CORP COM COMMON 49337W100 3,147,144 88,180 X 0 88,180 0
LILLY, ELI AND COMPAN COMMON 532457108 3,484,257 61,570 X 0 61,570 0
LUCENT TECHNOLOGIES I COMMON 549463107 63,292 23,794 X 0 23,794 0
MCGRAW-HILL COMPANIES COMMON 580645109 206,520 4,000 X 0 4,000 0
MELLON FINL CORP COM COMMON 58551A108 1,522,378 44,449 X 0 44,449 0
MERCK & CO INC COMMON 589331107 686,437 21,579 X 0 21,579 0
MICROSOFT COMMON 594918104 4,370,214 167,121 X 0 167,121 0
NEW PERSPECTIVE FD IN MUTUAL 648018109 232,504 8,121 X 0 8,121 0
NOKIA CORP ADR SPONSO COMMON 654902204 6,200,772 338,840 X 0 338,840 0
NORTHROP GRUMMAN CORP COMMON 666807102 1,066,592 17,744 X 0 17,744 0
OMNICOM GROUP COM COMMON 681919106 510,780 6,000 X 0 6,000 0
PATRIOT TRANSN HLDG I COMMON 70337B102 1,985,445 29,700 X 0 29,700 0
PEPSICO INC COMMON 713448108 699,507 11,840 X 0 11,840 0
PFIZER INC COMMON 717081103 1,140,359 48,900 X 0 48,900 0
PNC FINANCIAL CORP COMMON 693475105 7,363,458 119,092 X 0 119,092 0
PPG INDS INC COM COMMON 693506107 446,467 7,711 X 0 7,711 0
PROCTER & GAMBLE COMP COMMON 742718109 399,372 6,900 X 0 6,900 0
REGIONS FINANCIAL COR COMMON 7591EP100 750,085 21,958 X 0 21,958 0
REINHOLD INDS INC N Y COMMON 75935A109 436,108 21,937 X 0 21,937 0
RENAISSANCERE HLDGS L COMMON G7496G103 1,658,536 37,600 X 0 37,600 0
ROYAL DUTCH SHELL PLC COMMON BLANK BLA 559,252 9,095 X 0 9,095 0
SONOCO PRODUCTS COMMON 835495102 362,002 12,313 X 0 12,313 0
SPX CORP COM COMMON 784635104 209,077 4,568 X 0 4,568 0
SUPERIOR INDS INTL IN COMMON 868168105 251,538 11,300 X 0 11,300 0
TARGET CORP COM COMMON 87612E106 3,234,160 58,835 X 0 58,835 0
TEXAS INSTRS INC COM COMMON 882508104 1,353,354 42,200 X 0 42,200 0
TEXTRON INC COM COMMON 883203101 317,850 4,129 X 0 4,129 0
TIFFANY & CO NEW COM COMMON 886547108 3,845,273 100,425 X 0 100,425 0
UNION PAC CORP COMMON 907818108 6,010,072 74,650 X 0 74,650 0
UNITED TECHNOLOGIES C COMMON 913017109 335,460 6,000 X 0 6,000 0
UNIVERSAL COMPRESSION COMMON 913431102 4,932,344 119,950 X 0 119,950 0
VALLEY NATL BANCORP C COMMON 919794107 241,337 10,014 X 0 10,014 0
VERIZON COMMUNICATION COMMON 92343V104 1,132,542 37,601 X 0 37,601 0
WACHOVIA CORP 2ND NEW COMMON 929903102 1,601,552 30,298 X 0 30,298 0
WAL MART STORES INC COMMON 931142103 340,002 7,265 X 0 7,265 0
WASHINGTON MUT INVS F MUTUAL 939330106 321,397 10,421 X 0 10,421 0
WEATHERFORD INTL LTD COMMON G95089101 12,168,594 336,149 X 0 336,149 0
</TABLE>
<TABLE> <c> <C>
GROVE CREEK ASSET MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 12/31/05
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
----------------- ---------------------------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------
WILLIAMS SONOMA INC C COMMON 969904101 3,026,973 70,150 X 0 70,150 0
WYETH COM COMMON 983024100 1,177,411 25,557 X 0 25,557 0
ZIMMER HLDGS INC COM COMMON 98956P102 1,177,165 17,455 X 0 17,455 0
TOTAL 277,745,312
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