FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ ]; Ammendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manger Filing this Report:
Name: Osterweis Capital Management, Inc.
Address: One Maritime Plaza
Suite 800
San Francisco, CA 94111
13F File Number: 28-801-18395
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 ths Report on Behalf of Reporting Manager:
Name: Pamela S. Nichter
Title: Compliance Officer
Phone: 415-434-4441
Signature, Place, and Data of Signing
Pamela S. Nichter San Francisco, CA February 11, 2000
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Mangers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 143
Form 13F Information Table Value Total: $631,132
List of Other Included Managers:
No. 13F File Number Name
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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
- ----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP COM 001957109 148 2907 SH SOLE 2907 0 0
AT&T CORP COM LBRTY MED 001957208 107 1892 SH SOLE 1892 0 0
ABBOTT LABS COM 002824100 1111 30600 SH SOLE 30600 0 0
ACNIELSEN CORP COM 004833109 11310 459304 SH SOLE 344977 11500 102827
ALBERTSONS INC COM 013104104 65 2000 SH SOLE 2000 0 0
ALLSTATE CORP COM 020002101 308 12780 SH SOLE 12104 0 676
ALZA CORP COM 022615108 73 2100 SH SOLE 0 0 2100
AMERICAN EXPRESS CO COM 025816109 532 3200 SH SOLE 3200 0 0
AMERICAN HOME PRODS CORP COM 026609107 311 7912 SH SOLE 7912 0 0
AMERICAN INTL GROUP INC COM 026874107 547 5062 SH SOLE 5062 0 0
ANADARKO PETE CORP COM 032511107 55 1600 SH SOLE 1600 0 0
ANHEUSER BUSCH COS INC COM 035229103 3147 44400 SH SOLE 42600 0 1800
ASSOCIATES FIRST CAP CORP CL A 046008108 10464 381372 SH SOLE 288372 4500 88500
AUTOMATIC DATA PROCESSING COM 053015103 1232 22867 SH SOLE 22867 0 0
AVON PRODS INC COM 054303102 15712 476121 SH SOLE 372321 10000 93800
BANK AMER CORP COM 060505104 176 3510 SH SOLE 3510 0 0
BELLSOUTH CORP COM 079860102 140 3000 SH SOLE 3000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 561 10 SH SOLE 10 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 2790 43460 SH SOLE 41460 0 2000
BURLINGTON NORTHN SANTA FE COM 12189T104 73 3000 SH SOLE 3000 0 0
CBS CORP COM 12490K107 60745 950062 SH SOLE 807585 15081 127396
CALIFORNIA WTR SVC GROUP COM 130788102 132 4370 SH SOLE 4370 0 0
CALPINE CORP COM 131347106 77396 1209310 SH SOLE 981610 25800 201900
CEDAR FAIR L P DEPOSITARY UNI 150185106 116 6000 SH SOLE 6000 0 0
CELGENE CORP COM 151020104 49 700 SH OTHER 0 0 700
CHEVRON CORP COM 166751107 484 5592 SH SOLE 4592 0 1000
CISCO SYS INC COM 17275R102 91 854 SH SOLE 854 0 0
COCA COLA CO COM 191216100 1388 23830 SH SOLE 17830 0 6000
CONVERGYS CORP COM 212485106 27787 903650 SH SOLE 682150 19200 202300
CORNERSTONE PPTYS INC CDT-COM 21922H103 7 500 SH SOLE 500 0 0
CRESCENT R E EQUITIES INC COM 225756105 11341 617172 SH SOLE 464772 24000 128400
CURRENT INCOME SHS INC COM 231298100 82 8200 SH SOLE 8200 0 0
DISCOVERY LABORATORIES INC N COM 254668106 39 7783 SH SOLE 7783 0 0
DISNEY WALT CO DISNEY COM 254687106 3867 132197 SH SOLE 101597 0 30600
DOLE FOOD INC COM 256605106 1 34 SH SOLE 34 0 0
DORCHESTER HUGOTON LTD ADR 258205202 10 1000 SH SOLE 0 0 1000
DOW CHEM CO COM 260543103 164 1227 SH SOLE 1227 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 399 6050 SH SOLE 6050 0 0
ECHELON CORP COM 27874N105 196 10000 SH SOLE 10000 0 0
ECHOSTAR COMMUN CORP NEW CL A 278762109 17396 178422 SH SOLE 135422 0 43000
ELAN CORP ADR 284131208 1313 44500 SH SOLE 17000 0 27500
EMERSON ELEC CO COM 291011104 63 1100 SH SOLE 1100 0 0
EXXON MOBIL CORP COM 30231G102 2540 31533 SH SOLE 29585 0 1948
FASHIONMALL COM INC COM 31186K106 39 8800 SH SOLE 8800 0 0
FEDERAL NATL MTG ASSN COM 313586109 37 600 SH SOLE 600 0 0
FLEETBOSTON FINL CORP COM 339030108 165 4737 SH SOLE 4737 0 0
FORD MTR CO DEL COM 345370100 209 3918 SH SOLE 3918 0 0
FOREST LABS INC COM 345838106 17591 286317 SH SOLE 202251 8000 76066
FOUNDATION HEALTH SYS INC COM 350404109 55 5000 SH SOLE 5000 0 0
GATX CORP COM 361448103 9153 271214 SH SOLE 178364 12200 80650
GTE CORP COM 362320103 77 1097 SH SOLE 1097 0 0
GENERAL ELEC CO COM 369604103 6826 44110 SH SOLE 43046 0 1064
GENERAL MLS INC COM 370334104 375 10485 SH SOLE 10485 0 0
GENERAL MTRS CORP COM 370442105 60 820 SH SOLE 0 0 820
GENERAL MTRS CORP CL H NEW 370442832 9 248 SH SOLE 248 0 0
GOLDEN WEST FINL CORP DEL COM 381317106 121 3600 SH SOLE 3600 0 0
HAIN FOOD GROUP INC COM 405219106 50 2125 SH SOLE 2125 0 0
HALLIBURTON CO COM 406216101 81 2000 SH SOLE 2000 0 0
HEALTH CARE PPTY INVS INC COM 421915109 172 7200 SH SOLE 7200 0 0
HEWLETT PACKARD CO COM 428236103 424 3726 SH SOLE 3726 0 0
INGERSOLL RAND CO COM 456866102 1083 19670 SH SOLE 19670 0 0
INGRAM MICRO INC CL A 457153104 0 3232 SH SOLE 3232 0 0
INTEL CORP COM 458140100 184 2240 SH SOLE 2240 0 0
IT GROUP INC COM 465266104 9311 1020384 SH SOLE 732949 40430 247005
JOHNSON & JOHNSON COM 478160104 2850 30562 SH SOLE 30562 0 0
KIMBERLY CLARK CORP COM 494368103 3115 47600 SH SOLE 47100 0 500
KINDER MORGAN EGY PTNS L P UT LTD PT INT 494550106 13496 325702 SH SOLE 256728 0 68974
KINDER MORGAN INC KANS COM 49455P101 5642 279500 SH SOLE 197300 24000 58200
LILLY ELI & CO COM 532457108 10617 159649 SH SOLE 137849 0 21800
LINEAR TECHNOLOGY CORP COM 535678106 99 1568 SH SOLE 0 0 1568
LOEWS CORP COM 540424108 295 4860 SH SOLE 4860 0 0
MCI WORLDCOM INC COM 55268B106 577 10875 SH SOLE 7575 0 3300
MGM GRAND INC COM 552953101 5384 107017 SH SOLE 69076 5741 32200
MRV COMMUNICATIONS INC COM 553477100 5 810 SH SOLE 810 0 0
MANOR CARE INC NEW COM 564055101 19432 1214522 SH SOLE 937522 32700 244300
MANUFACTURED HOME CMNTYS INC COM 564682102 5704 234609 SH SOLE 196459 0 38150
MATTEL INC COM 577081102 171 13035 SH SOLE 13035 0 0
MAY DEPT STORES CO COM 577778103 195 6060 SH SOLE 6060 0 0
MCDONALDS CORP COM 580135101 368 9134 SH SOLE 9134 0 0
MCKESSON HBOC INC COM 58155Q103 54 2400 SH SOLE 2400 0 0
MERCK & CO INC COM 589331107 2639 39280 SH SOLE 39280 0 0
MICROSOFT CORP COM 594918104 1527 13076 SH SOLE 5560 0 7516
MINNESOTA MNG & MFG CO COM 604059105 631 6448 SH SOLE 6448 0 0
MONSANTO CO COM 611662107 74 2100 SH SOLE 2100 0 0
MORGAN J P & CO INC COM 616880100 109 864 SH SOLE 864 0 0
MOTOROLA INC COM 620076109 101 688 SH SOLE 688 0 0
NDS GROUP PLC ADR SPONSORED 628891103 6 200 SH SOLE 200 0 0
NTL INC COM 629407107 43926 352110 SH SOLE 261302 12450 78358
NETWORKS ASSOCS INC COM 640938106 17 640 SH SOLE 640 0 0
NEWHALL LD & FARMING CO COM 651426108 7857 290997 SH SOLE 194797 0 96200
NEWPARK RES INC COM PAR$0.01NE 651718504 6505 1061990 SH SOLE 870390 47700 143900
NORTHPOINT COMMUNICATIONS GR COM 666610100 7 300 SH SOLE 300 0 0
NOVELL INC COM 670006105 16 400 SH OTHER 0 0 400
OHM CORP SBDBCV08.000 0 670839AA7 1937 2214000 SH SOLE 2125000 0 89000
OWENS ILL INC COM NEW 690768403 6977 278400 SH SOLE 203400 16200 58800
PIMCO ADVISORS HLDGS L P UNIT L P INT 69338P102 145 3849 SH SOLE 3849 0 0
PALATIN TECHNOLOGIES INC COM NEW 696077304 31 12500 SH SOLE 12500 0 0
PAXAR CORP COM 704227107 0 800 SH SOLE 800 0 0
PEGASUS COMMUNICATIONS CORP CL A 705904100 23260 237950 SH SOLE 198900 13000 26050
PEPSICO INC COM 713448108 630 17866 SH SOLE 16800 0 1066
PHARMACYCLICS INC COM 716933106 41 1000 SH SOLE 1000 0 0
PHILIP MORRIS COS INC COM 718154107 194 8430 SH SOLE 8430 0 0
PHILLIPS VAN HEUSEN CORP COM 718592108 100 12000 SH SOLE 12000 0 0
PLAYTEX PRODS INC COM 72813P100 6450 419533 SH SOLE 309433 20000 90100
PREMIER PKS INC COM NEW 740540208 10425 361050 SH SOLE 251050 17500 92500
PRIMEDIA INC COM 74157K101 8174 495379 SH SOLE 349146 14500 131733
PROCEPT INC COM PAR $0.01 742683402 165 44835 SH SOLE 44835 0 0
PROCTER & GAMBLE CO COM 742718109 13382 122144 SH SOLE 93144 0 29000
ROBERT HALF INTL INC COM 770323103 37 1310 SH SOLE 1173 0 137
ROYAL DUTCH PETE CO NY REG SHS 1.2 780257804 1521 25116 SH SOLE 22040 0 3076
SBC COMMUNICATIONS INC COM 78387G103 51 1052 SH SOLE 1052 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 4185 403353 SH SOLE 286303 32400 84650
SANTA FE SNYDER CORP COM 80218K105 7081 885074 SH SOLE 650843 15785 218446
SARA LEE CORP COM 803111103 79 3600 SH SOLE 3600 0 0
SCHLUMBERGER LTD COM 806857108 1130 20142 SH SOLE 16242 0 3900
SEARS ROEBUCK & CO COM 812387108 30 1003 SH SOLE 1003 0 0
SENSORMATIC ELECTRS CORP COM 817265101 5 714 SH SOLE 714 0 0
SERVICEMASTER CO COM 81760N109 15177 1232671 SH SOLE 998776 0 233895
SHURGARD STORAGE CTRS INC CL A 82567D104 45 1950 SH SOLE 1950 0 0
SKYEPHARMA PLC ADR SPONSORED 830808101 2 232 SH SOLE 232 0 0
SPRINT CORP COM 852061100 66 978 SH SOLE 978 0 0
SPRINT CORP PCS GROUP COM 852061506 25 244 SH SOLE 244 0 0
SUNGLASS HUT INTL INC COM 86736F106 2819 250601 SH SOLE 178751 6500 65350
TCW/DW TERM TR 2002 SH BEN INT 87234T101 5 500 SH SOLE 500 0 0
TCW / DW TERM TR 2003 SH BEN INT 87234U108 5 500 SH SOLE 500 0 0
TCW / DW TERM TR 2000 SH BEN INT 87234V106 5 500 SH SOLE 500 0 0
TANGER FACTORY OUTLET CTRS COM 875465106 3027 145872 SH SOLE 110597 0 35275
TEXAS PAC LD TR COM 882610108 19 500 SH SOLE 500 0 0
TITAN PHARMACEUTCLS INC DEL COM 888314101 25 25000 SH SOLE 25000 0 0
TORCHMARK CORP COM 891027104 19552 672746 SH SOLE 507946 10500 154300
TRIBUNE CO NEW COM 896047107 471 8560 SH SOLE 8560 0 0
UNION PAC CORP COM 907818108 170 3885 SH SOLE 3885 0 0
U S WEST INC NEW COM 91273H101 29 400 SH SOLE 400 0 0
UNIVERSAL ELECTRS INC COM 913483103 14885 323580 SH SOLE 240630 14850 68100
VALUEVISION INTL INC CL A 92047K107 22914 399800 SH SOLE 329700 15900 54200
VERIO INC COM 923433106 23 500 SH SOLE 500 0 0
WALGREEN CO COM 931422109 351 12000 SH SOLE 12000 0 0
WELLS FARGO & CO NEW COM 949746101 201 4970 SH SOLE 4970 0 0
WESTAMERICA BANCORPORATION COM 957090103 132 4740 SH SOLE 4740 0 0
WESTWOOD ONE INC COM 961815107 13335 175460 SH SOLE 121493 0 53967
CORECOMM LTD COM G2422R109 10238 172437 SH SOLE 136687 8288 27462
LORAL SPACE & COMMUNICATIONS COM G56462107 9672 397800 SH SOLE 270500 19600 107700
SBS BROADCASTING ORD L8137F102 0 1 SH SOLE 1 0 0
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