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: March 31, 2008
Check here if Amendment ( ) Amendment Number:
This Amendment (Check only one.): ( ) 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 Arlington, VA July 11, 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: $ 1,516,590,892
Form 13F Information Table Value Total: 72,185,574
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 613 7750 sh 0 sole 0 7750
99 Cents Only Stores com 65440K106 57278 5791474 sh 0 sole 0 5791474
ABB Ltd com 000375204 412 15300 sh 0 sole 0 15300
Abington Bancorp Inc com 00350L109 264 25600 sh 0 sole 0 25600
ACE Ltd. com G0070K103 226 4100 sh 0 sole 0 4100
Aes Corp com 00130H105 16670 1000000 sh 0 sole 0 1000000
AGL Resources Inc com 001204106 4505 131250 sh 0 sole 0 131250
Alimentation Couche com 01626P403 26132 1700000 sh 0 sole 0 1700000
Alliant Energy Corp com 018802108 986 28175 sh 0 sole 0 28175
Amazon.com com 023135106 207 2900 sh 0 sole 0 2900
Ameren Corporation com 023608102 1283 29125 sh 0 sole 0 29125
American Intl Group com 026874107 260 6000 sh 0 sole 0 6000
Amer Tower Corp-Cl A com 029912201 161046 4107256 sh 0 sole 0 4107256
American Woodmark com 030506109 18525 901000 sh 0 sole 0 901000
Americredit Corp com 03060R101 14602 1450000 sh 0 sole 0 1450000
Ameriprise Financial com 03076C106 219 4225 sh 0 sole 0 4225
Annaly Mortgage Mgmt com 035710409 5632 367606 sh 0 sole 0 367606
Anworth Mort Asset com 037347101 4506 735006 sh 0 sole 0 735006
Apple Computer Inc com 037833100 585 4075 sh 0 sole 0 4075
Aquila Inc com 03840P102 557 173550 sh 0 sole 0 173550
Astoria Financial Co com 046265104 9247 340465 sh 0 sole 0 340465
Atmos Energy Corp com 049560105 4951 194150 sh 0 sole 0 194150
Avista Corp com 05379B107 438 22375 sh 0 sole 0 22375
B F Saul Real Estate com 055411AE2 19339 215000 sh 0 sole 0 215000
Bally Technologies I com 05874B107 54944 1600000 sh 0 sole 0 1600000
Bancorp Rhode Island com 059690107 1896 52374 sh 0 sole 0 52374
Bank Mutual Corp com 063750103 4080 379895 sh 0 sole 0 379895
Bank Of Ny Mellon com 064058100 250 6000 sh 0 sole 0 6000
Bankunited Fin Corp- com 06652B103 681 135863 sh 0 sole 0 135863
Baxter International com 071813109 260 4500 sh 0 sole 0 4500
Becton Dixon com 075887109 238 2775 sh 0 sole 0 2775
Berkshire Hathaway A com 084670108 2268 17 sh 0 sole 0 17
Berkshire Hathaway B com 084670207 358 80 sh 0 sole 0 80
Burlington Northern com 12189T104 219 2375 sh 0 sole 0 2375
Cape Bancorp Inc com 139209100 374 38407 sh 0 sole 0 38407
Capitol Federal Fin com 14057C106 3054 81472 sh 0 sole 0 81472
Capstead Mortgage com 14067E506 2140 187700 sh 0 sole 0 187700
Carmax Inc com 143130102 59425 3060000 sh 0 sole 0 3060000
Castlepoint Holding com G19522112 4867 500200 sh 0 sole 0 500200
Centerpoint Energy I com 15189T107 3953 277000 sh 0 sole 0 277000
Ch Energy Group Inc com 12541M102 288 7400 sh 0 sole 0 7400
Cheniere Energy Inc com 16411R208 1515 76500 sh 0 sole 0 76500
Chesapeake Utilities com 165303108 358 12065 sh 0 sole 0 12065
Chevy Chase Bank com 166779AA6 4759 50000 sh 0 sole 0 50000
Chimera Investment com 16934Q109 5412 440000 sh 0 sole 0 440000
Cms Energy Corp com 125896100 1804 133250 sh 0 sole 0 133250
Coca Cola com 191216100 243 4000 sh 0 sole 0 4000
Comerica com 200340107 246 7000 sh 0 sole 0 7000
Consolidated Edison com 209115104 3878 97675 sh 0 sole 0 97675
Constellation Energy com 210371100 2048 23200 sh 0 sole 0 23200
Corning Inc com 219350105 255 10600 sh 0 sole 0 10600
Csk Auto Corp com 125965103 23914 2568614 sh 0 sole 0 2568614
Cummins Inc Com com 231021106 368 7855 sh 0 sole 0 7855
Danvers Bancorp Inc com 236442109 649 64602 sh 0 sole 0 64602
Dominion Resources com 25746U109 9299 227700 sh 0 sole 0 227700
Dover Motorsports In com 260174107 2442 396300 sh 0 sole 0 396300
Dte Energy Company com 233331107 1965 50525 sh 0 sole 0 50525
Duke Energy com 26441C105 1712 95937 sh 0 sole 0 95937
Dynamex Inc com 26784F103 15145 598610 sh 0 sole 0 598610
Dynavax Technologies com 268158102 136 69444 sh 0 sole 0 69444
E.On Ag - Adr com 268780103 12451 200340 sh 0 sole 0 200340
Ebay Inc com 278642103 283 9500 sh 0 sole 0 9500
El Paso Corp com 28336L109 12648 760100 sh 0 sole 0 760100
Emc Corp/Mass com 268648102 214 14900 sh 0 sole 0 14900
Enbridge Inc com 29250N105 12359 300260 sh 0 sole 0 300260
Encore Capital Group com 292554102 4760 700000 sh 0 sole 0 700000
Energen Corp com 29265N108 3615 58025 sh 0 sole 0 58025
Energy East Corp com 29266M109 3051 126509 sh 0 sole 0 126509
Energysouth Inc com 292970100 941 18039 sh 0 sole 0 18039
Equitable Resources com 294549100 7230 122750 sh 0 sole 0 122750
Exelon Corp com 30161N101 6317 77725 sh 0 sole 0 77725
Factset Research Sys com 303075105 253 4700 sh 0 sole 0 4700
Fannie Mae com 313586109 330 12555 sh 0 sole 0 12555
Fbr Capital Markets com 30247C301 338 50001 sh 0 sole 0 50001
FBR-A com 358434108 377 221628 sh 0 sole 0 221628
Firstmerit com 337915102 207 10000 sh 0 sole 0 10000
Flagstone Re com G3529T105 22380 1849575 sh 0 sole 0 1849575
Flextronics Int com Y2573F102 260 27700 sh 0 sole 0 27700
Freddie Mac com 313400301 320 12635 sh 0 sole 0 12635
Frontier Financial C com 35907K105 354 20000 sh 0 sole 0 20000
Genentech Inc com 368710406 406 5000 sh 0 sole 0 5000
General Dynamics com 369550108 238 2850 sh 0 sole 0 2850
Google Inc com 38259P508 385 875 sh 0 sole 0 875
Grubb & Ellis Co com 400095204 3250 473116 sh 0 sole 0 473116
Hana Biosciences com 40963P105 97 103963 sh 0 sole 0 103963
Harrington West Fin com 41383L104 270 33100 sh 0 sole 0 33100
Hartford Fin. com 416515104 236 3119 sh 0 sole 0 3119
Henry Jack & Assoc. com 426281101 245 9950 sh 0 sole 0 9950
Hff Inc Cl A com 40418F108 4417 881700 sh 0 sole 0 881700
Hilb Rogal & Hobbs C com 431294107 12383 393500 sh 0 sole 0 393500
Hilltop Holdings Inc com 432748101 6286 604425 sh 0 sole 0 604425
Hingham Instit/Svgs com 433323102 2949 101700 sh 0 sole 0 101700
Hmn Financial Inc com 40424G108 670 29041 sh 0 sole 0 29041
Hudson City Bancorp com 443683107 20352 1151106 sh 0 sole 0 1151106
Informatica Corp com 45666Q102 184 10800 sh 0 sole 0 10800
Ing Groep Nv com 456837509 7474 200000 sh 0 sole 0 200000
Integrys Energy Gr com 45822P105 1617 34671 sh 0 sole 0 34671
Intel Corp com 458140100 682 32200 sh 0 sole 0 32200
Intl Assets Holding com 459028106 429 17196 sh 0 sole 0 17196
Investors Bancorp In com 46146P102 1228 80000 sh 0 sole 0 80000
Iomai Corp com 46202P103 162 101346 sh 0 sole 0 101346
Iron Mountain Inc com 462846106 4844 183200 sh 0 sole 0 183200
Isle Of Capri Casino com 464592104 3975 555943 sh 0 sole 0 555943
Istar Financial com 45031UAB7 409 5000 sh 0 sole 0 5000
Jpmorgan Chase & Co com 46625H100 279 6500 sh 0 sole 0 6500
Keycorp com 493267108 307 14000 sh 0 sole 0 14000
Knight Transportatio com 499064103 17493 1062750 sh 0 sole 0 1062750
Koninklijke Philip E com 500472303 564 14700 sh 0 sole 0 14700
Laclede Group Inc/Th com 505597104 1484 41650 sh 0 sole 0 41650
Lamar Adv A com 512815101 43116 1200000 sh 0 sole 0 1200000
Lennar Corporation com 526057104 470 25000 sh 0 sole 0 25000
M & T Bank com 55261F104 241 3000 sh 0 sole 0 3000
Markel Corp com 570535104 112368 255400 sh 0 sole 0 255400
Market Vectors Agrib com 57060U605 911 17000 sh 0 sole 0 17000
Markwest Energy Part com 570759100 23378 758033 sh 0 sole 0 758033
Mastercard com 57636Q104 245 1100 sh 0 sole 0 1100
Mdu Resources Group com 552690109 2281 92900 sh 0 sole 0 92900
Merck & Company Inc com 589331107 505 13300 sh 0 sole 0 13300
Mfa Mortgage Inv com 55272X102 4692 744806 sh 0 sole 0 744806
Mge Energy Inc com 55277P104 308 9053 sh 0 sole 0 9053
Micros Systems com 594901100 214 6350 sh 0 sole 0 6350
Middlebrook Pharma com 596087106 974 242855 sh 0 sole 0 242855
Monarch Casino & Res com 609027107 17589 993150 sh 0 sole 0 993150
Motorola Inc com 620076109 314 33800 sh 0 sole 0 33800
National Fuel Gas Co com 636180101 5462 115700 sh 0 sole 0 115700
National Grid Plc AD com 636274300 12383 177076 sh 0 sole 0 177076
Nations Institutiona com 19765K530 8090 3532850 sh 0 sole 0 3532850
New York Mortgage com 649604105 67 24630 sh 0 sole 0 24630
New York Mortgage Tr com 649604204 162 60000 sh 0 sole 0 60000
Newalliance Bcs com 650203102 368 30000 sh 0 sole 0 30000
Nicor Inc com 654086107 3158 94250 sh 0 sole 0 94250
Nisource Inc com 65473P105 6128 355450 sh 0 sole 0 355450
NJ Resources Corp com 646025106 1979 63750 sh 0 sole 0 63750
Northeast Utilities com 664397106 655 26700 sh 0 sole 0 26700
Northwest Nat. Gas com 667655104 2585 59500 sh 0 sole 0 59500
Northwestern Corp com 668074305 705 28916 sh 0 sole 0 28916
Novartis Ag-Adr com 66987V109 715 13955 sh 0 sole 0 13955
Novo Nordish com 670100205 271 3920 sh 0 sole 0 3920
Nstar com 67019E107 776 25500 sh 0 sole 0 25500
Nvidia Corp com 67066G104 250 12625 sh 0 sole 0 12625
O Reilly Automotive com 686091109 43391 1521425 sh 0 sole 0 1521425
Oceanfirst Financial com 675234108 256 14650 sh 0 sole 0 14650
Oneok Inc com 682680103 4891 109600 sh 0 sole 0 109600
Orion Marine Group com 68628V308 9340 781565 sh 0 sole 0 781565
P G & E Corp com 69331C108 8134 220900 sh 0 sole 0 220900
Pacific Premier Bcp com 69478X105 583 76450 sh 0 sole 0 76450
Parkvale Financial C com 701492100 5205 193944 sh 0 sole 0 193944
Penn National Gaming com 707569109 179293 4100000 sh 0 sole 0 4100000
Penn Virginia Corp com 707882106 18723 424650 sh 0 sole 0 424650
Peoples Choice Finl com 71085T105 1 5357269 sh 0 sole 0 5357269
Peoples Utd Finl Inc com 712704105 3679 212525 sh 0 sole 0 212525
Pepco Holdings Inc com 713291102 338 13666 sh 0 sole 0 13666
Peyto Energy Trust com 717045108 25324 1300000 sh 0 sole 0 1300000
Pff Bancorp Inc com 69331W104 628 75500 sh 0 sole 0 75500
Piedmont Nat.Gas com 720186105 4225 160900 sh 0 sole 0 160900
Pinnacle Ent. com 723456109 20754 1621407 sh 0 sole 0 1621407
Pnm Resources Inc com 69349H107 253 20275 sh 0 sole 0 20275
Pool Corp/Pool com 73278L105 32604 1726000 sh 0 sole 0 1726000
Powershares Db Com com 73935S105 1145 32000 sh 0 sole 0 32000
Ppl Corporation com 69351T106 778 16950 sh 0 sole 0 16950
Protalex Inc com 743642100 105 100000 sh 0 sole 0 100000
Public Service Ent com 744573106 10064 250400 sh 0 sole 0 250400
Puget Energy Inc com 745310102 2020 78100 sh 0 sole 0 78100
Pulte Homes com 745867101 146 10000 sh 0 sole 0 10000
Quanta Cap Holdings com 74763S209 275 158718 sh 0 sole 0 158718
Questar Corp com 748356102 9184 162375 sh 0 sole 0 162375
Rait Financial Tr - com 749227500 120 10200 sh 0 sole 0 10200
Research In Motion com 760975102 396 3525 sh 0 sole 0 3525
Schering-Plough Corp com 806605101 268 18600 sh 0 sole 0 18600
Sempra Energy Com com 816851109 12698 238317 sh 0 sole 0 238317
Sierra Pacific Res com 826428104 212 16825 sh 0 sole 0 16825
Simpson Manu com 829073105 24568 903900 sh 0 sole 0 903900
Sony Corp- Adr com 835699307 601 15000 sh 0 sole 0 15000
South Jersey Ind com 838518108 1731 49310 sh 0 sole 0 49310
Southern First Bcs com 842873101 217 14392 sh 0 sole 0 14392
Southern Union Co com 844030106 4702 202057 sh 0 sole 0 202057
Southwest Gas Corp com 844895102 2574 92050 sh 0 sole 0 92050
Southwestern Energy com 845467109 2247 66700 sh 0 sole 0 66700
Spectra Energy Corp com 847560109 12296 540468 sh 0 sole 0 540468
Sterling Finl /Spoka com 859319105 203 13000 sh 0 sole 0 13000
SunTrust Banks com 867914103 221 4000 sh 0 sole 0 4000
T Rowe Price Group com 74144T108 267 5340 sh 0 sole 0 5340
Taylor Capital Group com 876851106 486 29582 sh 0 sole 0 29582
Techne Corp com 878377100 312 4630 sh 0 sole 0 4630
Teco Energy Inc com 872375100 898 56275 sh 0 sole 0 56275
Telephone & Data Sys com 879433100 311 7925 sh 0 sole 0 7925
Tf Financial Corp com 872391107 1145 47151 sh 0 sole 0 47151
Toll Brothers Inc com 889478103 14088 600000 sh 0 sole 0 600000
Tower Group Inc com 891777104 1617 64244 sh 0 sole 0 64244
Transcanada Corp com 89353D107 12555 325850 sh 0 sole 0 325850
Ugi Corp com 902681105 1820 73025 sh 0 sole 0 73025
Unionbancal Corp com 908906100 270 5500 sh 0 sole 0 5500
United Cmnty OH com 909839102 527 85000 sh 0 sole 0 85000
US Cellular com 911684108 206 3750 sh 0 sole 0 3750
Vanguard Materials E com 92204A801 849 10000 sh 0 sole 0 10000
Vectren Corporation com 92240G101 2066 77005 sh 0 sole 0 77005
Vineyard Natl Bcp com 927426106 153 18800 sh 0 sole 0 18800
Visa Inc-Class A com 92826C839 561 9000 sh 0 sole 0 9000
Washington Federal com 938824109 12434 544384 sh 0 sole 0 544384
Wells Fargo com 949746101 201 2900 sh 0 sole 0 6900
Wgl Holdings Inc com 92924F106 3171 98900 sh 0 sole 0 98900
White River Capital com 96445P105 3092 190837 sh 0 sole 0 190837
Williams Cos Inc com 969457100 11273 341800 sh 0 sole 0 341800
Wisconsin Energy com 976657106 1413 32125 sh 0 sole 0 32125
Wrigley Wm Jr. com 982526105 233 3700 sh 0 sole 0 3700
Wsfs Financial Corp com 929328102 2337 47429 sh 0 sole 0 47429
Xcel Energy Inc com 98389B100 2148 107650 sh 0 sole 0 107650
Ziopharm Oncology com 98973P101 482 163930 sh 0 sole 0 163930