UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
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: 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 06-30-99
<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 8,404 150,567.403
AMAZON COM INC COM COMMON STOCK 023135106 2,115 16,900.000
AMER. INTL GROUP INC COMMON STOCK 026874107 282 2,402.000
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 849 14,800.000
CORP.
AMES DEPARTMENT STORES COMMON STOCK 030789507 5,123 112,280.000
APPLIED MATLS INC COM COMMON STOCK 038222105 3,808 51,550.000
AT & T CDA INC DEPS RCPT CL B COMMON STOCK 00207Q202 3,646 56,900.000
AT & T CORP COM LIB GRP A COMMON STOCK 001957208 4,825 131,300.000
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 573 6,860.000
BELLSOUTH CORP COMMON STOCK 079860102 227 4,918.000
BIO-TECH GENERAL COMMON STOCK 090578105 1,683 258,900.000
BLOCK H & R INC COM COMMON STOCK 093671105 5,483 109,652.116
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 463 6,579.000
CELGENE CORP COM COMMON STOCK 151020104 2,241 12,600.000
CENTEX CORPORATION COMMON STOCK 152312104 7,318 194,826.844
CENTRAL ME PWR CO COMMON STOCK 125887109 236 9,000.000
CHEVRON CORP. COMMON STOCK 166751107 4,769 50,164.376
CMGI INC COM COMMON STOCK 125750109 6,899 60,480.000
CONECTIV INC COM COMMON STOCK 206829103 307 12,550.000
CORNING INC COMMON STOCK 219350105 10,451 149,029.210
COVAD COMMUNICATIONS COM COMMON STOCK 222814204 4,460 83,650.000
CREATIVE BIOMOLECULES COM COMMON STOCK 225270107 3,064 845,230.000
E.I. DU PONT DE NEMOURS & CO. COMMON STOCK 263534109 3,296 48,251.782
FIRST AUSTRALIA PRIME COM COMMON STOCK 318653102 118 18,120.000
FIRST UN CORP COM COMMON STOCK 337358105 289 6,151.659
FIRSTENERGY CORP COM COMMON STOCK 337932107 375 12,100.000
FLORIDA PROGRESS CORP COMMON STOCK 341109106 343 8,300.000
FORTUNE BRANDS INC COMMON STOCK 349631101 5,080 122,782,252
GILEAD SCIENCES INC. COMMON STOCK 375558103 12,061 230,825.000
HEINZ H J CO COM COMMON STOCK 423074103 782 15,600.000
HERTZ CORP CL A COMMON STOCK 428040109 13,048 210,452,272
IDACORP INC COM COMMON STOCK 451107106 243 7,700.000
IMS HEALTH INC COM COMMON STOCK 449934108 8,909 285,100.000
KANSAS CITY PWR< CO COM COMMON STOCK 485134100 306 12,000.000
</TABLE>
1
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 06-30-99
<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>
KANSAS CITY SOUTHN IND COM COMMON STOCK 485170104 11,524 180,587.628
MEAD CORP COM COMMON STOCK 582834107 5,997 143,650.000
MEDIMMUNE INC COM COMMON STOCK 584699102 9,623 142,040.000
MELLON FINL CORP COM COMMON STOCK 58551A108 10,968 301,522.545
MERCK & COMPANY INC. COMMON STOCK 589331107 2,010 27,300.000
MGM GRAND INC COM COMMON STOCK 552953101 3,273 66,800.000
MONSANTO CO COMMON STOCK 611662107 3,150 79,612.287
MONTANA POWER CO COM COMMON STOCK 612085100 797 11,300.000
NATIONWIDE FINL SVSC CL A COMMON STOCK 638612101 5,636 124,550.000
NEW CENTURY ENERGIES COM COMMON STOCK 64352U103 380 9,800.000
NEWPARK RES INC COM PAR COMMON STOCK 651718504 5,031 566,920.000
$.01 NEW
NORTHERN BORDER PART. COMMON STOCK 664785102 320 10,300.000
NUI CORP COMMON STOCK 629430109 225 9,000.000
OCWEN FINL CORP COM COMMON STOCK 675746101 89 10,000.000
OGDEN CORP COM COMMON STOCK 676346109 2,343 86,968.000
PACIFIC CORP COMMON STOCK 695114108 257 14,000.000
PFIZER INC. COMMON STOCK 717081103 7,466 68,497.660
PUBLIC SVC ENTERPRISE COMMON STOCK 744573106 588 14,400.000
RAYTHEON CO CL A COMMON STOCK 755111309 6,744 97,920.524
SASKATCHEWAN WHEAT CL B COMMON STOCK 803914100 116 19,300.000
NON-VTG
SCHWAB CHARLES CP NEW COM COMMON STOCK 808513105 752 6,900.026
SCOTTS CO CL A COMMON STOCK 810186106 4,189 87,950.000
SEA CONTAINERS LTD CL A COMMON STOCK 811371707 686 20,432.845
SPEEDWAY MOTORSPORTS COM COMMON STOCK 847788106 580 14,750.000
STEWART ENTERPRISES COMMON STOCK 860370105 4,635 318,260.000
SUN MICROSYSTEMS INC COM COMMON STOCK 866810104 11,282 163,800.000
SUNCOR INC COMMON STOCK 867229106 6,633 161,285.000
T J X COS. INC. COMMON STOCK 872540109 1,729 51,932.183
TELECOMUNICACOE BRASIL COMMON STOCK 879287308 5,697 63,300,000
SPONSORED AD
TELECOMUNICACOE BRASIL COMMON STOCK 879287100 4 63,300,000
SPONSORED AD
TEXAS INSTRS INC COMMON STOCK 882508104 7,168 49,755.000
TIME WARNER INC. COMMON STOCK 887315109 5,093 70,130.130
</TABLE>
2
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 06-30-99
<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>
UGI CORPORATION COMMON STOCK 902681105 213 10,563.482
UNITED HEALTHCARE CORP COM COMMON STOCK 910581107 9,929 158,550.372
USA NETWORK COMMON STOCK 902984103 8,033 200,200.000
USEC INC COM COMMON STOCK 90333E108 550 37,000.000
VALUEVISION INTL INC CL A COMMON STOCK 92047K107 4,491 225,950.000
WESTERN RES INC COM COMMON STOCK 959425109 2,823 106,030.341
WINSTAR COMMUNICATIONS COM COMMON STOCK 975515107 5,933 121,700.000
XEROX CORP. COMMON STOCK 984121103 7,733 130,937.407
COLUMN TOTALS 286,765 7,505,737,345
</TABLE>
3
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 06-30-99
<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$1000) Principal Amt
- ----------------------------------- -------------------- -------- ------------- -------------
<S> <C> <C> <C> <C>
METROMEDIA INTL GROUP PFD
CONV % PREFERRED STOCK 591695200 352 10,085.00
SUNCOR ENERGY INC PFD US$ PREFERRED STOCK 867229601 855 33,350.00
COLUMN TOTALS 1,206 43,435.00
</TABLE>
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 06-30-99
<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 27 30,000
BONDS
7.000% Due 04-01-05
CENTOCOR INC CONVERTIBLE 152342AE1 44 40,000
BONDS
4.750% Due 02-15-05
E M C CORP MASS CONVERTIBLE 237688AG1 511 590,000
BONDS
6.000% Due 05-15-04
WESTON ROY F INC CONVERTIBLE 961137AA4 19 20,000
BONDS
7.000% Due 04-15-02
COLUMN TOTALS 602 680,000
</TABLE>
