UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: SHEER ASSET MANAGEMENT, INC
Address: 444 MADISON AVE, SUITE 605
NEW YORK, NY 10022
13F File Number:
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 SHEER
Title: VICE PRESIDENT
Phone: 212-579-6060
Signature, Place, and Date of Signing:
/s/ David Sheer, New York, 1/6/00
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Report Type (Check only one.):
|X| 13F HOLDINGS REPORT.
|_| 13F NOTICE.
|_| 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 354
Form 13F Information Table Value Total: 355
List of Other Included Managers: 356
No. 13F File Number Name
028-03511
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 03-31-99
<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>
AT & T CORP COMMON STOCK 001957109 7,443 93,263.000
AMAZON COM INC COM COMMON STOCK 023135106 7,929 46,050.000
AMER. INTL GROUP INC COMMON STOCK 026874107 290 2,402.000
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 959 14,700.000
CORP.
AMES DEPARTMENT STORES COMMON STOCK 030789507 2,925 78,800.000
AT & T CDA INC DEPS RCPT CL B COMMON STOCK 00207Q202 3,089 55,900.000
AT HOME CORP COM SER A COMMON STOCK 045919107 9,836 62,450.000
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 502 6,860.000
BIO-TECH GENERAL COMMON STOCK 090578105 1,504 241,900.000
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 438 6,838.000
CELGENE CORP COM COMMON STOCK 151020104 1,691 105,700.000
CENTEX CORPORATION COMMON STOCK 152312104 6,502 194,825.888
CHEVRON CORP. COMMON STOCK 166751107 4,510 50,813.004
COMPUTER SCIENCES CORP COM COMMON STOCK 205363104 267 4,846.000
CONECTIV INC COM COMMON STOCK 206829103 243 12,550.000
CORNING INC COMMON STOCK 219350105 8,129 135,477.407
CREATIVE BIOMOLECULES COM COMMON STOCK 225270107 1,631 705,480.000
E.I. DU PONT DE NEMOURS & CO. COMMON STOCK 263534109 2,813 48,451.782
FIRST AUSTRALIA PRIME COM COMMON STOCK 318653102 111 18,120.000
FIRST UN CORP COM COMMON STOCK 337358105 9,483 177,453.272
FIRSTENERGY CORP COM COMMON STOCK 337932107 339 12,100.000
FLORIDA PROGRESS CORP COMMON STOCK 341109106 313 8,300.000
FORTUNE BRANDS INC COMMON STOCK 349631101 4,737 123,030.025
GILEAD SCIENCES INC. COMMON STOCK 375558103 10,120 222,425.000
HEINZ H J CO COM COMMON STOCK 423074103 5,612 118,455.668
HERTZ CORP CL A COMMON STOCK 428040109 11,254 210,352.038
IDACORP INC COM COMMON STOCK 451107106 227 7,700.000
IMS HEALTH INC COM COMMON STOCK 449934108 8,901 268,700.000
KANSAS CITY PWR< CO COM COMMON STOCK 485134100 296 12,000.000
KANSAS CITY SOUTHN IND COM COMMON STOCK 485170104 10,293 180,587.401
KLM ROY DUT/ARL NY COMMON STOCK 482516101 341 12,285.000
LEARNING COMPANY INC COMMON STOCK 522008101 541 18,650.000
</TABLE>
1
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 03-31-99
<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>
MEDIMMUNE INC COM COMMON STOCK 584699102 7,876 133,065.000
MELLON FINL CORP COM COMMON STOCK 58551A108 10,135 144,009.763
MERCK & COMPANY INC. COMMON STOCK 589331107 1,819 22,700.000
MONSANTO CO COMMON STOCK 611662107 7,508 163,450.287
MONTANA POWER CO COM COMMON STOCK 612085100 831 11,300.000
NEW CENTURY ENERGIES COM COMMON STOCK 64352U103 334 9,800.000
NEWPARK RES INC COM PAR COMMON STOCK 651718504 3,622 499,620.000
$.01 NEW
NORTHERN BORDER PART. COMMON STOCK 664785102 315 10,300.000
OCWEN FINL CORP COM COMMON STOCK 675746101 88 10,000.000
OGDEN CORP COM COMMON STOCK 676346109 3,381 140,518.000
PACIFIC CORP COMMON STOCK 695114108 241 14,000.000
PFIZER INC. COMMON STOCK 717081103 13,371 96,367.437
PUBLIC SVC ENTERPRISE COMMON STOCK 744573106 550 14,400.000
RAYTHEON CO CL A COMMON STOCK 755111309 5,655 97,918.920
SASKATCHEWAN WHEAT CL B COMMON STOCK 803914100 119 19,300.000
NON-VTG
SCHWAB CHARLES CP NEW COM COMMON STOCK 808513105 3,284 34,160.000
SCOTTS CO CL A COMMON STOCK 810186106 2,820 75,450.000
SEA CONTAINERS LTD CL A COMMON STOCK 811371707 976 33,792.112
SPEEDWAY MOTORSPORTS COM COMMON STOCK 847788106 615 14,900.000
SUN MICROSYSTEMS INC COM COMMON STOCK 866810104 9,780 78,200.000
SUNCOR INC COMMON STOCK 867229106 5,024 149,985.000
T J X COS. INC. COMMON STOCK 872540109 1,766 51,931.264
TELECOMUNICACOE BRASIL COMMON STOCK 879287308 5,192 64,400,000
SPONSORED AD
TEXAS INSTRS INC COMMON STOCK 882508104 4,402 44,350.000
TIME WARNER INC. COMMON STOCK 887315109 4,472 63.150.130
UGI CORPORATION COMMON STOCK 902681105 431 25,800.000
UNITED HEALTHCARE CORP COM COMMON STOCK 910581107 8,354 158,750.000
USA NETWORK COMMON STOCK 902984103 6,593 184,100.000
USEC INC COM COMMON STOCK 90333E108 504 37,000.000
WESTERN RES INC COM COMMON STOCK 959425109 2,544 95,317.388
WINSTAR COMMUNICATIONS COM COMMON STOCK 975515107 4,127 113,550.000
XEROX CORP. COMMON STOCK 984121103 6,744 29,384.444
</TABLE>
2
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 03-31-99
<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>
COLUMN TOTALS 258,214 6,358,185,166
</TABLE>
3
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 03-31-99
<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$1000) Principal Amt
- ----------------------------------- -------------------- -------- ------------- ---------------
<S> <C> <C> <C> <C>
ABN AMRO CAP FDG TR I PFD GT TR PREFERRED STOCK 00371Q202 202 8,000.00
7.5
METROMEDIA INTL GROUP PFD PREFERRED STOCK 591695200 270 10,085.00
CONV %
STATION CASINOS INC PFD CONV PREFERRED STOCK 857689202 286 5,900.00
SUNCOR ENERGY INC PFD US$ PREFERRED STOCK 867229601 795 31,550.00
COLUMN TOTALS 1,553 55,535.00
</TABLE>
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 03-31-99
<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>
AVATAR HLDGS INC CONVERTIBLE 053494AD2 26 30,000
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 45 50,000
</TABLE>
