UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F HR/A
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: December 31, 2007
Check here if Amendment ( X ) Amendment Number:
This Amendment (Check only one.): ( X ) is a restatement
( X ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Friedman, Billings, Ramsey Group, Inc.
Address: 1001 19th Street North
Arlington, VA 22209
13F File Number: 28-5254
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 the 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: Robert Kiernan
Title: Sr. Vice President and Controller
Phone: 703-469-1120
Signature, Place, and Date of Signing:
/s/ Robert Kiernan
Robert Kiernan Arlington, VA March 7, 2008
Report Type (Check only one.):
( X ) 13F HOLDINGS REPORT
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: $ 1,631,330,501
Form 13F Information Table Value Total: 61,941,992
List of Other Included Managers:
No: Name
1) Friedman Billings Ramsey & Co., Inc.
2) FBR Investment Mangement, Inc.
3) FBR Fund Adviser, Inc.
4) FBR Capital Markets Corporation
Name of Issuer Tit Cusip Value Prn Sh Put Inv. Oth Sole
le x1000 Amt. pr cal Disc Mgr Mgr
3M Company com 88579Y101 1602 19000 sh 0 sole 0 19000
99 Cents Only Stores com 65440K106 46100 5791474 sh 0 sole 0 5791474
Abb Ltd com 000375204 1336 46400 sh 0 sole 0 46400
Ace Ltd-Ord com G0070K103 327 5300 sh 0 sole 0 5300
Aes Corp com 00130H105 21390 1000000 sh 0 sole 0 1000000
Agl Resources Inc com 001204106 4940 131250 sh 0 sole 0 131250
Alliant Energy Corp com 018802108 1146 28175 sh 0 sole 0 28175
Allin Corporation com 019924109 93 95000 sh 0 sole 0 95000
Ameren Corporation com 023608102 1579 29125 sh 0 sole 0 29125
American Tower Corp A com 029912201 174969 4107256 sh 0 sole 0 4107256
American Woodmark com 030506109 16362 900000 sh 0 sole 0 900000
Americredit Corp com 03060R101 18546 1450000 sh 0 sole 0 1450000
Ameriprise Fin'lInc com 03076C106 338 6125 sh 0 sole 0 6125
Annaly Mortgage com 035710409 21632 1189906 sh 0 sole 0 1189906
Anworth Mortgage Asset com 037347101 9788 1185006 sh 0 sole 0 1185006
Apache Corp com 037411105 245 2277 sh 0 sole 0 2277
Apple Computer Inc com 037833100 1604 8100 sh 0 sole 0 8100
Applied Biosystems com 038020103 251 7400 sh 0 sole 0 7400
Aquila Inc com 03840P102 647 173550 sh 0 sole 0 173550
Astoria Fin'lCorp com 046265104 5678 243990 sh 0 sole 0 243990
Astrazeneca Plc Spon com 046353108 6276 2900 sh 0 sole 0 2900
Atmos Energy Corp com 049560105 5245 187050 sh 0 sole 0 187050
Avista Corp com 05379B107 482 22375 sh 0 sole 0 22375
Baidu.Com - Adr com 056752108 279 715 sh 0 sole 0 715
Bally Technologies Inc com 05874B107 79577 1600500 sh 0 sole 0 1600500
Bancorp Rhode Island com 059690107 2922 85579 sh 0 sole 0 85579
Bank Mutual Corp com 063750103 4544 429895 sh 0 sole 0 429895
Bank Of America Corp com 060505104 454 11000 sh 0 sole 0 11000
Bankunited Fin'lCorp-A com 06652B103 1311 189963 sh 0 sole 0 189963
Baxter International In com 071813109 668 11500 sh 0 sole 0 11500
Bea Systems Inc com 073325102 158 10000 sh 0 sole 0 10000
Bear Stearns Companies com 073902108 697 7900 sh 0 sole 0 7900
Becton Dickinson & Co com 075887109 568 6800 sh 0 sole 0 6800
Berkshire Hathaway A com 084670108 2407 17 sh 0 sole 0 17
Berkshire Hathaway B com 084670207 379 80 sh 0 sole 0 80
Burlington North Santa com 12189T104 243 2925 sh 0 sole 0 2925
Capitol Federal Financi com 14057C106 956 30825 sh 0 sole 0 30825
Capstead Mortgage Corp com 14067E506 5701 432200 sh 0 sole 0 432200
Carmax Inc com 143130102 59250 3000000 sh 0 sole 0 3000000
Castlepoint Holding Ltd com G19522112 6006 500534 sh 0 sole 0 500534
Celgene Corp com 151020104 513 11100 sh 0 sole 0 11100
Centerpoint Energy Inc com 15189T107 4505 263000 sh 0 sole 0 263000
Ch Energy Group Inc com 12541M102 312 7000 sh 0 sole 0 7000
Cheniere Energy Inc com 16411R208 2497 76500 sh 0 sole 0 76500
Chesapeake Energy com 165167107 208 5300 sh 0 sole 0 5300
Chesapeake Utilities com 165303108 384 12065 sh 0 sole 0 12065
Chimera Investment com 16934Q109 3487 195000 sh 0 sole 0 195000
Citrix Systems Inc com 177376100 228 6000 sh 0 sole 0 6000
Cms Energy Corp com 125896100 2472 142250 sh 0 sole 0 142250
Coca-Cola Co/The com 191216100 270 4400 sh 0 sole 0 4400
Cognizant Tech Sol com 192446102 210 6200 sh 0 sole 0 6200
Comerica Inc com 200340107 462 10610 sh 0 sole 0 10610
Conocophillips com 20825C104 208 2350 sh 0 sole 0 2350
Consolidated Edison Inc com 209115104 4771 97675 sh 0 sole 0 97675
Constellation Energy Gr com 210371100 2445 23850 sh 0 sole 0 23850
Corning Inc com 219350105 783 32650 sh 0 sole 0 32650
Corus Bankshares Inc com 220873103 587 55000 sh 0 sole 0 55000
Csk Auto Corp com 125965103 10852 2166069 sh 0 sole 0 2166069
Cummins Inc Com com 231021106 318 4990 sh 0 sole 0 4990
Cypress Semiconductor com 232806109 331 9200 sh 0 sole 0 9200
Deerfield Cap Corp com 244331104 160 20000 sh 0 sole 0 20000
Diamondrock Hospitality com 252784301 1498 100000 sh 0 sole 0 100000
Dime Community Bcshares com 253922108 137 10725 sh 0 sole 0 10725
Dominion Resources com 25746U109 10804 227700 sh 0 sole 0 227700
Dover Motorsports Inc com 260174107 2596 396300 sh 0 sole 0 396300
Downey Fin'lCorp com 261018105 684 22000 sh 0 sole 0 22000
Dte Energy Company com 233331107 2221 50525 sh 0 sole 0 50525
Duke Energy com 26441C105 1935 95937 sh 0 sole 0 95937
Dynamex Inc com 26784F103 16096 594810 sh 0 sole 0 594810
Dynavax Technologies com 268158102 355 69444 sh 0 sole 0 69444
E.On Ag -Sponsored Adr com 268780103 13777 195840 sh 0 sole 0 195840
East West Bancorp Inc com 27579R104 606 25000 sh 0 sole 0 25000
Ebay Inc com 278642103 1009 30400 sh 0 sole 0 30400
Echostar Communications com 278762109 319 9400 sh 0 sole 0 9400
El Paso Corp com 28336L109 13363 775100 sh 0 sole 0 775100
Eli Lilly & Co com 532457108 238 4450 sh 0 sole 0 4450
Emc Corp/Mass com 268648102 880 47500 sh 0 sole 0 47500
Enbridge Inc com 29250N105 13906 343960 sh 0 sole 0 343960
Encore Capital Group com 292554102 6776 700000 sh 0 sole 0 700000
Energen Corp com 29265N108 3727 58025 sh 0 sole 0 58025
Energy East Corporation com 29266M109 3442 126509 sh 0 sole 0 126509
Energysouth Inc com 292970100 1046 18039 sh 0 sole 0 18039
Equitable Resources Inc com 294549100 6359 119350 sh 0 sole 0 119350
Exelon Corp com 30161N101 6182 75725 sh 0 sole 0 75725
Factset Research System com 303075105 281 5050 sh 0 sole 0 5050
Fannie Mae com 313586109 240 6000 sh 0 sole 0 6000
Fbr Capital Markets Cor com 30247C301 479 50001 sh 0 sole 0 50001
First Solar Inc com 336433107 401 1500 sh 0 sole 0 1500
Firstfed Fin'lCorp com 337907109 5434 151700 sh 0 sole 0 151700
Firstmerit Corp com 337915102 900 45000 sh 0 sole 0 45000
Flagstar Bancorp Inc com 337930101 488 70000 sh 0 sole 0 70000
Flagstone Reinsurance com G3529T105 25709 1849575 sh 0 sole 0 1849575
Flextronics Internation com Y2573F102 145 12000 sh 0 sole 0 12000
Franklin Bank com 352451108 172 40000 sh 0 sole 0 40000
Freddie Mac com 313400301 238 7000 sh 0 sole 0 7000
Freeport-Mcmoran Copper com 35671D857 254 2480 sh 0 sole 0 2480
Friedman Billings Ramse com 358434108 2270 722873 sh 0 sole 0 722873
Frontier Fin'lCorp com 35907K105 557 30000 sh 0 sole 0 30000
Gap Inc com 364760108 245 11500 sh 0 sole 0 11500
Garmin Ltd com G37260109 437 4500 sh 0 sole 0 4500
Genentech Inc com 368710406 1308 19500 sh 0 sole 0 19500
Genzyme Corp com 372917104 395 5300 sh 0 sole 0 5300
Goldman Sachs Group com 38141G104 860 4000 sh 0 sole 0 4000
Google Inc com 38259P508 1290 1865 sh 0 sole 0 1865
Graco Inc/Ggg com 384109104 277 7430 sh 0 sole 0 7430
Grubb & Ellis Co New com 400095204 3119 486604 sh 0 sole 0 486604
Hana Biosciences Inc com 40963P105 110 103963 sh 0 sole 0 103963
Harrington West Fin'lGr com 41383L104 372 33100 sh 0 sole 0 33100
Hartford Finl Svcs Grou com 416515104 316 3619 sh 0 sole 0 3619
Henry Jack & Associates com 426281101 288 11850 sh 0 sole 0 11850
Hff Inc Cl A com 40418F108 4724 610400 sh 0 sole 0 610400
Hilb Rogal & Hobbs Co com 431294107 15964 393500 sh 0 sole 0 393500
Hilltop Hldgs Inc com 432748101 5462 500225 sh 0 sole 0 500225
Hingham Instit Svgs com 433323102 3014 101700 sh 0 sole 0 101700
Hmn Fin'lInc com 40424G108 1003 40855 sh 0 sole 0 40855
Hudson City Bancorp Inc com 443683107 24412 1625306 sh 0 sole 0 1625306
Idexx Labs Inc com 45168D104 218 3720 sh 0 sole 0 3720
Informatica Corp com 45666Q102 216 12000 sh 0 sole 0 12000
Ing Groep Nv com 456837509 7782 200000 sh 0 sole 0 200000
Integrys Energy Group com 45822P105 1792 34671 sh 0 sole 0 34671
Intel Corp com 458140100 1592 59700 sh 0 sole 0 59700
Interactive Brokers Gro com 45841N107 259 8000 sh 0 sole 0 8000
Intuitive Surgical Inc com 46120E602 258 800 sh 0 sole 0 800
Investors Bancorp Inc com 46146P102 1372 97000 sh 0 sole 0 97000
Iomai Corp com 46202P103 104 101346 sh 0 sole 0 101346
Iron Mountain Inc/Irm com 462846106 6782 183200 sh 0 sole 0 183200
Isle Of Capri Casinos com 464592104 7655 555943 sh 0 sole 0 555943
Jabil Circuit Inc com 466313103 312 20400 sh 0 sole 0 20400
Johnson & Johnson com 478160104 247 3700 sh 0 sole 0 3700
Johnson Ctls Inc com 478366107 479 13300 sh 0 sole 0 13300
Kenetic Concepts Inc Co com 49460W208 257 4800 sh 0 sole 0 4800
Keycorp com 493267108 375 16000 sh 0 sole 0 16000
Knight Transportation I com 499064103 15699 1060000 sh 0 sole 0 1060000
Koninklijke Philip Elec com 500472303 953 22300 sh 0 sole 0 22300
Kyocera Corp -Spons com 501556203 252 2885 sh 0 sole 0 2885
Laclede Group Inc/The com 505597104 1426 41650 sh 0 sole 0 41650
Ldk Solar Co F Adr com 50183L107 254 5400 sh 0 sole 0 5400
Lehman Brothers Hldgs com 524908100 262 4000 sh 0 sole 0 4000
Markel Corp com 570535104 125427 255400 sh 0 sole 0 255400
Markwest Hydrocarbon com 570762104 24928 397890 sh 0 sole 0 397890
Marvell Technology com G5876H105 147 10500 sh 0 sole 0 10500
Mdu Resources Group com 552690109 2455 88900 sh 0 sole 0 88900
Merck & Company Inc com 589331107 872 15000 sh 0 sole 0 15000
Merrill Lynch & Co Inc com 590188108 215 4000 sh 0 sole 0 4000
Mfa Mortgage Inv. com 55272X102 10219 1104806 sh 0 sole 0 1104806
Mge Energy Inc com 55277P104 302 8503 sh 0 sole 0 8503
Micros Systems Inc com 594901100 217 3100 sh 0 sole 0 3100
Microsoft Corp com 594918104 303 8500 sh 0 sole 0 8500
Middlebrook Pharma com 596087106 291 242855 sh 0 sole 0 242855
Mirant Corp New com 60467R100 203 5200 sh 0 sole 0 5200
Monarch Casino/Resort com 609027107 23939 994150 sh 0 sole 0 994150
Morgan Stanley com 617446448 449 8451 sh 0 sole 0 8451
Motorola Inc com 620076109 796 49600 sh 0 sole 0 49600
National City Corp com 635405103 165 10000 sh 0 sole 0 10000
National Fuel Gas Co com 636180101 5401 115700 sh 0 sole 0 115700
National Grid Plc Adr com 636274300 13700 164176 sh 0 sole 0 164176
New Jersey Resources com 646025106 2126 42500 sh 0 sole 0 42500
Nicor Inc com 654086107 3991 94250 sh 0 sole 0 94250
Nisource Inc com 65473P105 6714 355450 sh 0 sole 0 355450
Northeast Utilities com 664397106 836 26700 sh 0 sole 0 26700
Northwest Natural Gas com 667655104 2895 59500 sh 0 sole 0 59500
Northwestern Corp Com com 668074305 794 26916 sh 0 sole 0 26916
Novartis Ag-Adr com 66987V109 1051 19355 sh 0 sole 0 19355
Novo Nordish com 670100205 734 11320 sh 0 sole 0 11320
Nstar com 67019E107 924 25500 sh 0 sole 0 25500
Nvidia Corp com 67066G104 436 12825 sh 0 sole 0 12825
O Reilly Automotive Inc com 686091109 19421 598846 sh 0 sole 0 598846
Occidental Pete Corp com 674599105 253 3285 sh 0 sole 0 3285
Oneok Inc com 682680103 4907 109600 sh 0 sole 0 109600
Oracle Corp com 68389X105 282 12500 sh 0 sole 0 12500
Orion Marine Group Inc com 68628V308 12438 829174 sh 0 sole 0 829174
P G & E Corp com 69331C108 9519 220900 sh 0 sole 0 220900
Pacific Premier Bancorp com 69478X105 832 120427 sh 0 sole 0 120427
Parkvale Fin'lCorp com 701492100 5825 209906 sh 0 sole 0 209906
Patriot National/Pnbk com 70336F104 206 12887 sh 0 sole 0 12887
Penn National Gaming com 707569109 244155 4100000 sh 0 sole 0 4100000
Penn Virginia Corp com 707882106 18527 424650 sh 0 sole 0 424650
Peoples Utd Finl Inc com 712704105 4904 275525 sh 0 sole 0 275525
Pepco Hldgs Inc com 713291102 379 12916 sh 0 sole 0 12916
Peyto Energy Trust com 717045108 21970 1300000 sh 0 sole 0 1300000
Pff Bancorp Inc com 69331W104 4822 400500 sh 0 sole 0 400500
Piedmont Natural Gas com 720186105 4209 160900 sh 0 sole 0 160900
Pinnacle Entertainment com 723456109 38200 1621407 sh 0 sole 0 1621407
Pnm Resources Inc com 69349H107 428 19975 sh 0 sole 0 19975
Pool Corp/Pool com 73278L105 34207 1725000 sh 0 sole 0 1725000
Ppl Corporation com 69351T106 904 17350 sh 0 sole 0 17350
Precision Castparts com 740189105 416 3000 sh 0 sole 0 3000
Protalex Inc com 743642100 130 100000 sh 0 sole 0 100000
Public Service Ent com 744573106 12054 122700 sh 0 sole 0 122700
Puget Energy Inc com 745310102 2005 73100 sh 0 sole 0 73100
Qualcomm Inc com 747525103 1335 33939 sh 0 sole 0 33939
Quanta Cap Hldgs com 74763S209 405 158718 sh 0 sole 0 158718
Questar Corp com 748356102 8548 158000 sh 0 sole 0 158000
Rait Fin'lTrust com 749227500 422 49000 sh 0 sole 0 49000
Raytheon Company com 755111507 668 11000 sh 0 sole 0 11000
Research In Motion com 760975102 1259 11100 sh 0 sole 0 11100
Rockwell Collins Inc com 774341101 223 3100 sh 0 sole 0 3100
Royal Dutch Shell com 780259206 202 2398 sh 0 sole 0 2398
Schering-Plough Corp com 806605101 618 23200 sh 0 sole 0 23200
Seagate Technology com G7945J104 281 11000 sh 0 sole 0 11000
Sempra Energy Com com 816851109 13916 224892 sh 0 sole 0 224892
Sierra Pacific Resource com 826428104 269 15825 sh 0 sole 0 15825
Simpson Manufacturing com 829073105 23992 902300 sh 0 sole 0 902300
Sony Corp-Sponsored com 835699307 1124 20700 sh 0 sole 0 20700
South Jersey Industries com 838518108 1780 49310 sh 0 sole 0 49310
Southern First com 842873101 213 15542 sh 0 sole 0 15542
Southern Union Co com 844030106 5756 196057 sh 0 sole 0 196057
Southwest Gas Corp com 844895102 2740 92050 sh 0 sole 0 92050
Southwestern Energy com 845467109 1858 33350 sh 0 sole 0 33350
Spectra Energy Corp com 847560109 13841 536068 sh 0 sole 0 536068
State Bancorp Inc com 855716106 733 56400 sh 0 sole 0 56400
State Street Corp com 857477103 203 2500 sh 0 sole 0 2500
Sterling Finl Corp com 859319105 1226 73000 sh 0 sole 0 73000
Stryker Corp com 863667101 643 8600 sh 0 sole 0 8600
Suntech Power Hldgs com 86800C104 272 3300 sh 0 sole 0 3300
Suntrust Banks Inc com 867914103 344 5500 sh 0 sole 0 5500
T Rowe Price Group Inc com 74144T108 406 6665 sh 0 sole 0 6665
Target Corp Com com 87612E106 230 4600 sh 0 sole 0 4600
Techne Corp com 878377100 426 6450 sh 0 sole 0 6450
Teco Energy Inc com 872375100 968 56275 sh 0 sole 0 56275
Tellabs Inc com 879664100 296 45200 sh 0 sole 0 45200
Tf Fin'lCorp com 872391107 1354 54951 sh 0 sole 0 54951
Toll Brothers Inc com 889478103 12036 600000 sh 0 sole 0 600000
Total System Services com 891906109 340 12135 sh 0 sole 0 12135
Transcanada Corp com 89353D107 14029 342750 sh 0 sole 0 342750
Tower Group com 891777104 2146 64244 sh 0 sole 0 64244
Tyco Electronics Ltd com G9144P105 372 10025 sh 0 sole 0 10025
Ucbh Hldgs Inc com 90262T308 354 25000 sh 0 sole 0 25000
Ugi Corp com 902681105 1990 73025 sh 0 sole 0 73025
Us Cellular Corp com 911684108 261 3100 sh 0 sole 0 3100
Vectren Corporation com 92240G101 2190 75505 sh 0 sole 0 75505
Vineyard Natl Bancorp com 927426106 190 18800 sh 0 sole 0 18800
Vmware Inc-Class A com 928563402 714 8400 sh 0 sole 0 8400
Wal-Mart Stores Inc com 931142103 209 4400 sh 0 sole 0 4400
Washington Federal Inc com 938824109 14573 690334 sh 0 sole 0 690334
Wells Fargo & Company com 949746101 314 10400 sh 0 sole 0 10400
Wfr com 552715104 389 4400 sh 0 sole 0 4400
Wgl Hldgs Inc com 92924F106 3240 98900 sh 0 sole 0 98900
White River Capital Inc com 96445P105 2541 138833 sh 0 sole 0 138833
Williams Cos Inc com 969457100 12237 342000 sh 0 sole 0 342000
Wisconsin Energy Corp com 976657106 1565 32125 sh 0 sole 0 32125
Wrigley Wm Jr Co com 982526105 304 5200 sh 0 sole 0 5200
Xcel Energy Inc com 98389B100 2317 102650 sh 0 sole 0 102650
Ziopharm Oncology Inc com 98973P101 580 163930 sh 0 sole 0 163930