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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION
13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year of Quarter Ended 31st DECEMBER, 1998.
If amended report check here: |_|
ARTHUR H. SHEER
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
444 MADISON AVENUE SUITE 605 NEW YORK NY 10022
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
DAVID SHEER 212-599-6060 VICE PRESIDENT
- --------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
- --------------------------------------------------------------------------------
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
- --------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of NEW YORK and State of NY on the 31st day of
MARCH, 1999.
ARTHUR H. SHEER
------------------------------------------
(Name of Institutional Investment Manager)
/s/ Arthur H. Sheer
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
Name: 13F File No.: Name: 13F File No.:
- -------------------------------------- --------------------------------------
1. 6.
- -------------------------------------- --------------------------------------
2. 7.
- -------------------------------------- --------------------------------------
3. 8.
- -------------------------------------- --------------------------------------
4. 9.
- -------------------------------------- --------------------------------------
5. 10.
- -------------------------------------- --------------------------------------
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 72
Form 13F Information Table Value Total: 243,397
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 12-31-98
<TABLE>
<CAPTION>
Item 4:
Item 3: Fair Market Item 5:
Item 1: Item 2: CUSIP Value Shares of
Name of Issuer Title of Class Number (x$1000) Principal Amount
- ------------------------------- -------------------- -------- ------------- ----------------
<S> <C> <C> <C> <C>
AMAZON COM INC COM COMMON STOCK 023135106 3,470 10,800.000
AMER. INTL GROUP INC COMMON STOCK 026874107 232 2,402.000
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 815 14,450.000
CORP.
ARCHER DANIELS MIDLAND COMMON STOCK 039483102 2,338 136,507.046
AT HOME CORP COM SER A COMMON STOCK 045919107 10,421 140,350.000
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 553 8,460.000
BELLSOUTH CORP COMMON STOCK 079860102 228 4,564.000
BIO-TECH GENERAL COMMON STOCK 090578105 2,417 348,425.000
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 618 4,619.000
CENTEX CORPORATION COMMON STOCK 152312104 9,254 205,350.000
CHEVRON CORP. COMMON STOCK 166751107 4,820 58,110.052
COMPUTER SCIENCES CORP COM COMMON STOCK 205363104 311 4,846.000
CONECTIV INC COM COMMON STOCK 206829103 307 12,550.000
CONSUMER PORTFOLIO SVC COM - COMMON STOCK 210502100 80 20,660.000
RESTRI
CORNING INC COMMON STOCK 219350105 5,832 129,600.000
CREATIVE BIOMOLECULES COM COMMON STOCK 225270107 2,595 703,835.000
E.I. DU PONT DE NEMOURS & CO. COMMON STOCK 263534109 3,090 58,226.782
EBAY INC COM COMMON STOCK 278642103 3,209 13,300.000
ELAN ENERGY INC COM COMMON STOCK 283904100 142 20,000.000
FIRST AUSTRALIA PRIME COM COMMON STOCK 318653102 102 18,120.000
FIRST UN CORP COM COMMON STOCK 337358105 11,579 190,411.953
FIRSTENERGY CORP COM COMMON STOCK 337932107 394 12,100.009
FLORIDA PROGRESS CORP COMMON STOCK 341109106 372 8,300.000
FORTUNE BRANDS INC COMMON STOCK 349631101 4,080 129,001.996
G T E CORPORATION COMMON STOCK 362320103 10,067 154,873.359
GILEAD SCIENCES INC. COMMON STOCK 375558103 8,955 218,075.000
HEINZ H J CO COM COMMON STOCK 423074103 6,969 123,080.668
HERTZ CORP CL A COMMON STOCK 428040109 9,631 211,101.076
IDACORP INC COM COMMON STOCK 451107106 279 7,700.000
IMS HEALTH INC COM COMMON STOCK 449934108 10,976 145,500.000
KANSAS CITY PWR< CO COM COMMON STOCK 485134100 356 12,000.000
KANSAS CITY SOUTHN IND COM COMMON STOCK 485170104 9,041 183,800.893
KLM ROY DUT/ARL NY COMMON STOCK 482516101 369 12,310.000
</TABLE>
1
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 12-31-98
<TABLE>
<CAPTION>
Item 4:
Item 3: Fair Market Item 5:
Item 1: Item 2: CUSIP Value Shares of
Name of Issuer Title of Class Number (x$1000) Principal Amt
-------------- -------------- ------ -------- -------------
<S> <C> <C> <C> <C>
KOPIN CORP COM COMMON STOCK 500600101 778 37,O5O.000
LEARNING COMPANY INC COMMON STOCK 522008101 8,276 316,800.000
MEDIMMUNE INC COM COMMON STOCK 584699102 6,732 67,700.000
MELLON BANK CORP COMMON STOCK 585509102 10,046 146,122.511
MERCK & COMPANY INC. COMMON STOCK 589331107 912 6,180.000
MICRON TECHNOLOGY INC COM COMMON STOCK 595112103 2,543 50,300.000
MONSANTO CO COMMON STOCK 611662107 8,184 172,300.287
MONTANA POWER CO COM COMMON STOCK 612085100 696 12,300.000
NEW CENTURY ENERGIES COM COMMON STOCK 64352U103 478 9,800.000
NEWPARK RES INC COM PAR COMMON STOCK 651718504 3,270 479,950.000
$.01 NEW
NORTHERN BORDER PART. COMMON STOCK 664785102 335 10,300.000
NUI CORP COMMON STOCK 629430109 241 9,000.000
OCWEN FINL CORP COM COMMON STOCK 675746101 123 10,000.000
OGDEN CORP COM COMMON STOCK 676346109 3,513 140,168.000
PACIFIC CORP COMMON STOCK 695114108 295 14,000.000
PFIZER INC. COMMON STOCK 717081103 12,782 102,252.279
PUBLIC SVC ENTERPRISE COMMON STOCK 744573106 576 14,400.000
RAYTHEON CO CL A COMMON STOCK 755111309 6,227 120,466.894
SASKATCHEWAN WHEAT CL B COMMON STOCK 803914100 146 22,400.000
NON-VTG
SEA CONTAINERS LTD CL A COMMON STOCK 811371707 1,888 63,063.001
SENETEK PLC SPONSORED ADR COMMON STOCK 817209307 24 15,000.000
SPEEDWAY MOTORSPORTS COM COMMON STOCK 847788106 403 14,150.000
SUN MICROSYSTEMS INC COM COMMON STOCK 866810104 6,803 79,450.000
SUNCOR INC COMMON STOCK 867229106 4,526 151,500.000
T J X COS. INC. COMMON STOCK 872540109 1,512 52,130.342
TELECOMUNICACOE BRASIL COMMON STOCK 879287308 4,805 66,100.000
SPONSORED AD
UGI CORPORATION COMMON STOCK 902681105 5,245 220,824.706
UNITED HEALTHCARE CORP COM COMMON STOCK 910581107 7,026 163,150.000
USA NETWORK COMMON STOCK 902984103 6,292 189,950.000
USEC INC COM COMMON STOCK 90333E108 558 40,200.000
WESTERN RES INC COM COMMON STOCK 959425109 4,647 139,757.666
WINSTAR COMMUNICATIONS COM COMMON STOCK 975515107 1,595 40,900.000
XEROX CORP. COMMON STOCK 984121103 7,015 59,452.444
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
Item 4:
Item 3: Fair Market Item 5:
Item 1: Item 2: CUSIP Value Shares of
Name of Issuer Title of Class Number (x$1000) Principal Amt
-------------- -------------- ------ ----- -------------
<S> <C> <C> <C> <C>
COMMON TOTALS 242,394 6,385,547,866
</TABLE>
3
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 12-31-98
<TABLE>
<CAPTION>
Item 4:
Item 3: Fair Market Item 5:
Item 1: Item 2: CUSIP Value Shares of
Name of Issuer Title of Class Number (x$1000) Principal Amt
- ----------------------------------- -------------------- -------- ------------- -------------
<S> <C> <C> <C> <C>
ABN AMRO CAP FDG TR I PFD GT TR 7.5 PREFERRED STOCK 207 8,000.00
DESIGNER FIN TR TOPRS PREFERRED STOCK 250570207 216 6,000.00
METROMEDIA INTL GROUP PFD CONV% PREFERRED STOCK 591695200 286 10,800.00
STATION CASINOS INC PFD CONV PREFERRED STOCK 857689202 235 5,900.00
COLUMN TOTALS 944 30,700.00
</TABLE>
4
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 12-31-98
<TABLE>
<CAPTION>
Item 4:
Item 3: Fair Market Item 5:
Item 1: Item 2: CUSIP Value Shares of
Name of Issuer Title of Class Number (x$1000) Principal Amount
-------------- -------------- ------ -------- ----------------
<S> <C> <C> <C> <C>
0.000% Due 08-15-05
POTOMAC ELEC PWR CO CONVERTIBLE 737679BL3 41 40,000
BONDS
7.000% Due 01-15-18
WESTON ROY F INC CONVERTIBLE 961137AA4 18 20,000
BONDS
7.000% Due 04-15-02
COLUMN TOTALS 59 60,000
</TABLE>
5
