UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 09-30-99
<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>
A T & T CORP COMMON STOCK 001957109 6,068 139,488.404
AMAZON COM INC COM COMMON STOCK 023135106 2,654 33,200.000
AMER. INTL GROUP INC COMMON STOCK 026874107 261 3,002.000
AMERICA ONLINE INC DEL COM COMMON STOCK 02364J104 208 2,000.000
AMERICAN HOME PRODUCTS COMMON STOCK 026609107 614 14,800.000
CORP.
AMES DEPARTMENT STORES COMMON STOCK 030789507 3,719 116,680.000
APPLIED MATLS INC COM COMMON STOCK 038222105 4,063 52,300.000
AT & T CDA INC DEPS RCPT CL B COMMON STOCK 00207Q202 3,593 57,200.000
AT&T CORP COM LIB GRP A COMMON STOCK 001957208 4,899 131,300.000
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 608 6,860.000
BAKER HUGHES INC COMMON STOCK 057224107 6,059 208,935.000
BARNES & NOBLE COMMON STOCK 067774109 5,650 217,300.000
BELLSOUTH CORP COMMON STOCK 079860102 243 5,396.000
BIO-TECH GENERAL COMMON STOCK 090578105 2,511 261,750.000
BLOCK H & R INC COM COMMON STOCK 093671105 3,592 82,688.116
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 475 7,035.000
CELGENE CORP COM COMMON STOCK 151020104 3,540 130,800.000
CENTEX CORPORATION COMMON STOCK 152312104 5,720 193,476.844
CENTRAL ME PWR CO COMMON STOCK 125887109 237 9,000.000
CHEVRON CORP. COMMON STOCK 166751107 4,466 50,316.968
CISCO SYS INC COMMON STOCK 17275R102 450 6,562.000
CMGI INC COM COMMON STOCK 125750109 6,256 61,030.000
CONECTIV INC COM COMMON STOCK 206829103 246 12,550.000
CORNING INC COMMON STOCK 219350105 10,417 151,929.210
COVAD COMMUNICATIONS COM COMMON STOCK 222814204 3,668 84,130.000
CREATIVE BIOMOLECULES COM COMMON STOCK 225270107 3,251 866,830.000
E.I. DU PONT DE NEMOURS & CO. COMMON STOCK 263534109 3,031 50,093,134
FIRST AUSTRALIA PRIME COM COMMON STOCK 318653102 111 18,120.000
FIRSTENERGY CORP COM COMMON STOCK 337932107 306 12,100.000
FLORIDA PROGRESS CORP COMMON STOCK 341109106 384 8,300,000
GARTNER GROUP INC NEW CL B COMMON STOCK 366651206 406 24,351.000
GILEAD SCIENCES INC. COMMON STOCK 375558103 13,166 205,125.000
GLOBAL CROSSING LTD COM COMMON STOCK G3921A100 233 8,786.000
HEINZ H J CO COM COMMON STOCK 423074103 649 15,100.000
</TABLE>
1
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 09-30-99
<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>
HERTZ CORP CL A COMMON STOCK 428040109 9,260 210,452.272
IDACORP INC COM COMMON STOCK 451107106 232 7,700.000
INTEL CORP COMMON STOCK 458140100 236 3,170.000
INTERNATIONAL BUS MACH COMMON STOCK 459200101 274 2,262.000
KANSAS CITY PWR< CO COM COMMON STOCK 485134100 290 12,000.000
KANSAS CITY SOUTHN IND COM COMMON STOCK 485170104 8,397 180,587.628
LUCENT TECHNOLOGIES COM COMMON STOCK 549463107 215 3,316.000
MEAD CORP COM COMMON STOCK 582834107 4,953 144,100.000
MEDIMMUNE INC COM COMMON STOCK 584699102 14,155 142,040.000
MELLON FINL CORP COM COMMON STOCK 58551A108 10,181 302,780.123
MERCK & COMPANY INC. COMMON STOCK 589331107 1,826 28,175.871
MGM GRAND INC COM COMMON STOCK 552953101 2,198 42,986.000
MICROSOFT CORP COMMON STOCK 594918104 235 2,600.000
MONTANA POWER CO COM COMMON STOCK 612085100 688 22,600.000
NABORS INDS INC COM COMMON STOCK 629568106 6,471 258,850.000
NATIONWIDE FINL SVCS CL A COMMON STOCK 638612101 4,119 116,450.000
NEW CENTURY ENERGIES COM COMMON STOCK 64352U103 328 9,800.000
NEWPARK RES INC COM PAR COMMON STOCK 651718504 4,402 568,020.000
$.01NEW
NORTHERN BORDER PART. COMMON STOCK 664785102 299 10,300.000
NUI CORP COMMON STOCK 629430109 223 9,000.000
OAK INDS INC COM NEW COMMON STOCK 671400505 204 6,000.000
OCWEN ASSET MANAGEMENT COMMON STOCK 67574M106 43 10,000.000
OGDEN CORP COM COMMON STOCK 676346109 902 86,968.000
PACIFIC CORP COMMON STOCK 695114108 288 14,000.000
PFIZER INC. COMMON STOCK 717081103 7,223 201,344.407
PRE PAID LEGAL SVCS COM COMMON STOCK 740065107 6,643 168,700.000
PUBLIC SVC ENTERPRISE COMMON STOCK 744573106 556 14,400.000
RAYTHEON CO CL A COMMON STOCK 755111309 1,679 34,619.524
SASKATCHEWAN WHEAT CL B COMMON STOCK 803914100 120 19,300.000
NON-VTG
SCOTTS CO CL A COMMON STOCK 810186106 3,045 87,950.000
SEA CONTAINERS LTD CL A COMMON STOCK 811371707 572 20,432.845
SPEEDWAY MOTORSPORTS COM COMMON STOCK 847788106 723 16,700.000
STEWART ENTERPRISES COMMON STOCK 860370105 2,958 487,861.329
SUN MICROSYSTEMS INC COM COMMON STOCK 866810104 15,289 164,400.000
</TABLE>
2
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 09-30-99
<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>
SUNCOR INC COMMON STOCK 867229106 6,780 173,335.000
T J X COS. INC. COMMON STOCK 872540109 1,457 51,932.184
TELECOMUNICACOE BRASIL COMMON STOCK 879287308 4,700 63,300.000
SPONSORED AD
TELECOMUNICACOE BRASIL COMMON STOCK 879287100 2 64,300.000
SPONSORED AD
TEXAS INSTRS INC COMMON STOCK 882508104 8,188 99,550.000
TIME WARNER INC COMMON STOCK 887315109 4,263 70,180.130
U S BIOSCIENCE INC COM PAR $0.01 COMMON STOCK 911646206 5,594 392,550.000
USA NETWORK COMMON STOCK 902984103 7,758 200,200.000
USEC INC COM COMMON STOCK 90333E108 379 37,000.000
VALUEVISION INTL INC CL A COMMON STOCK 92047K107 4,362 167,750.000
VARCO INTL INC COM COMMON STOCK 922126107 3,545 290,900.000
WESTERN RES INC COM COMMON STOCK 959425109 624 29,200.000
WINSTAR COMMUNICATIONS COM COMMON STOCK 975515107 2,307 59,050.000
WOODROAST SYSTEMS INC COM COMMON STOCK 979899309 0 10,000.000
NEW
XEROX CORP. COMMON STOCK 984121103 344 8,202.963
XIN NET CORPORATION COM COMMON STOCK 98413G109 28 15,000.000
COLUMN TOTALS 261,306 8,415,850.952
</TABLE>
3
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 09-30-99
<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$1000) Principal Amount
- ------------------------------- -------------------- -------- ------------- ----------------
<S> <C> <C> <C> <C>
METROMEDIA INTL GROUP PFD PREFERRED STOCK 591695200 248 10,085.00
CONV %
SUNCOR ENERGY INC PFD US$ PREFERRED STOCK 867229601 838 34,550.00
COLUMN TOTALS 1,086 44,635.00
</TABLE>
<PAGE>
SHEER ASSET MANAGEMENT
FORM 13F
Name of Reporting Manager: Art Sheer
As of 09-30-99
<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>
AVATAR HLDGS INC CONVERTIBLE 053494AD2 27 30,000
BONDS
7.000% Due 04-01-05
CENTOCOR INC CONVERTIBLE 152342AE1 52 40,000
BONDS
4.750% Due 02-15-05
E M C CORP MASS CONVERTIBLE 237688AG1 758 730,000
BONDS
6.000% Due 05-15-04
WESTON ROY F INC CONVERTIBLE 961137AA4 18 20,000
BONDS
7.000% Due 04-15-02
COLUMN TOTALS 856 820,000
</TABLE>
