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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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: Shaker Investments, Inc.
Address: 20600 Chagrin Boulevard, Suite 801
Cleveland, Ohio 44122
Form 13F File Number: 28-5322
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 R. Webb
Title: Executive Vice President
Phone: (216) 921-2950
Signature, Place, and Date of Signing:
/s/ DAVID R. WEBB
_____________________________________________________
[Signature]
Cleveland, Ohio
_____________________________________________________
[City, State]
July 29, 1999
_____________________________________________________
[Date]
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
0
Form 13F Information Table Entry Total:
51
Form 13F Information Table Value Total:
$ 596,146 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with
respect to which this report is filed, other than the manager
filing this report.
NONE
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
Value Put/ Investment Other Voting
Authority
Name of Issuer Title of CUSIP (x$1000) Shrs or SH/PRN Call Discretion Managers Sole Share None
- -------------- -------- ----- -------- -------- ------ ---- ---------- -------- ---- ----- ----
Class prn amt
----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
NOVA Corporation COM 669784100 $38,967 1,558,675 SH SOLE 1,558,675
RF Micro Devices COM 749941100 $96,601 1,294,492 SH SOLE 1,294,492
Gliatech COM 37929C103 $29,448 1,154,842 SH SOLE 1,154,842
Vistana, Inc. COM 92839P108 $17,585 1,116,530 SH SOLE 1,116,530
HNC Software COM 40425P107 $31,007 1,006,300 SH SOLE 1,006,300
NeXstar Pharm, Inc. COM 65333B106 $17,356 870,512 SH SOLE 870,512
Reynolds & Reynolds COM 761695105 $18,440 790,985 SH SOLE 790,985
Cendant Corp. COM 151313103 $15,476 754,917 SH SOLE 754,917
Sunterra Corp. COM 86787D109 $9,877 708,670 SH SOLE 708,670
Cognex Corporation COM 192422103 $21,540 682,470 SH SOLE 682,470
Bluegreen COM 096231105 $3,526 648,500 SH SOLE 648,500
Incyte Pharmaceuticals COM 45337C102 $15,853 599,650 SH SOLE 599,650
Microchip Technology Inc. COM 595017104 $27,619 582,982 SH SOLE 582,982
Metro Networks COM 591918107 $29,851 559,265 SH SOLE 559,265
Boston Communications Group COM 100582105 $7,306 543,684 SH SOLE 543,684
Vitesse Semiconductor COM 928497106 $36,414 539,973 SH SOLE 539,973
R & B Falcon Corp. COM 74912E101 $4,651 496,069 SH SOLE 496,069
BMC Software Corporation COM 055921100 $24,903 461,169 SH SOLE 461,169
ATMI COM 00207R101 $13,431 451,460 SH SOLE 451,460
United Therapeutics Corp. COM 91307C102 $5,152 433,815 SH SOLE 433,815
Xilinx Inc. COM 983919101 $24,585 429,425 SH SOLE 429,425
Crossman Communities, Inc. COM 22764E109 $11,211 385,764 SH SOLE 385,764
Analytical Surveys COM 032683302 $9,280 373,063 SH SOLE 373,063
Cisco Systems, Inc. COM 17275R102 $23,942 371,550 SH SOLE 371,550
Bridge Street Accomodations COM 108452103 $1,051 317,330 SH SOLE 317,330
American Italian Pasta COM 027070101 $9,602 316,115 SH SOLE 316,115
Triangle Pharmaceuticals COM 89589H104 $4,984 276,910 SH SOLE 276,910
Transwitch Corp. COM 894065101 $12,771 269,582 SH SOLE 269,582
Fahnestock & Co. CL A 302921101 $2,675 171,185 SH SOLE 171,185
Linear Technology Corp. COM 535678106 $10,162 151,115 SH SOLE 151,115
Wilson The Leather Experts COM 972463103 $2,155 131,080 SH SOLE 131,080
II-VI COM 902104108 $1,197 125,965 SH SOLE 125,965
Key Corporation COM 493267108 $2,522 78,510 SH SOLE 78,510
Hyperion Solutions Corp. COM 44914M104 $1,129 63,390 SH SOLE 63,390
Imation Corp. COM 45245A107 $1,382 55,700 SH SOLE 55,700
Global Telesystems Group Inc. COM 37936U104 $4,257 52,557 SH SOLE 52,557
Penn Engineering and COM 707389300 $862 38,305 SH SOLE 38,305
Manufacturing Corp.
Curtiss-Wright COM 231561101 $1,161 29,875 SH SOLE 29,875
Analog Devices COM 032654105 $888 17,700 SH SOLE 17,700
Hologic Inc. COM 436440101 $98 17,500 SH SOLE 17,500
Steris Corp. COM 859152100 $263 13,564 SH SOLE 13,564
Uniphase Corp. COM 46612J101 $2,146 12,930 SH SOLE 12,930
White Hall Jewellers Inc. COM 965063100 $345 12,910 SH SOLE 12,910
Continental Airlines COM 210795308 $478 12,700 SH SOLE 12,700
Media General COM 584404107 $459 9,000 SH SOLE 9,000
Rational Software COM 75409P202 $255 7,737 SH SOLE 7,737
Royal Caribbean Cruises COM V7780T103 $286 6,530 SH SOLE 6,530
Veeco Instruments Inc. COM 922417100 $202 5,930 SH SOLE 5,930
Goldman Sachs COM 38141G104 $347 4,800 SH SOLE 4,800
Symetic Inc. COM 87160F109 $234 3,400 SH SOLE 3,400
Applied Materials COM 038222105 $214 2,900 SH SOLE 2,900
</TABLE>
