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
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Skyline Asset Management
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Address: 311 South Wacker Drive
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Suite 4500
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Chicago, IL 60606
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Form 13F File Number: 28-5324
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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: Stephen F. Kendall
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Title: Chief Operating Officer
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Phone: (312) 913-3997
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Signature, Place, and Date of Signing:
/s/ Stephen F. Kendall Chicago, IL 11-10-99
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Signature City, State Date
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[X] 13F COMBINATION REPORT.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 124
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Form 13F Information Table Value Total: $822,298
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(thousands)
List of Other Included Managers:
No. Form 13F File Name
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1 28-04975 Affiliated Managers Group, Inc.
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<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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INVESTMENT
DISCRETION VOTING AUTHORITY
--------------------- -------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
- --------------------- -------- ----------- -------- --------- ----- ------ ------ ------- ------ -------- ------ --------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AARON RENTS, INC. COMMON 2535201 12,137 703,600 X 1 581,400 122,200
ADVO INC. COMMON 7585102 14,463 725,400 X 1 600,500 124,900
ALBANY INTERNATIONAL COMMON 12348108 12,076 798,432 X 1 660,730 137,702
AMERICAN CAP STRATEGI COMMON 24937104 3,931 212,500 X 1 203,000 9,500
AMERIPATH INC. COMMON 03071D109 7,920 945,700 X 1 789,300 156,400
AMERISOURCE HEALTH CO COMMON 03071P102 1,836 77,500 X 1 71,000 6,500
ANGELICA CORP COMMON 34663104 117 10,200 X 1 10,200 0
APPLIED POWER INC. COMMON 38225108 4,954 163,100 X 1 154,500 8,600
ARROW ELECTRONICS, IN COMMON 42735100 10,564 599,400 X 1 488,200 111,200
ARROW INTERNATIONAL I COMMON 42764100 2,255 88,200 X 1 81,100 7,100
ARTESYN TECHNOLOGIES COMMON 43127109 2,747 144,800 X 1 137,500 7,300
BANCWEST CORP. COMMON 59790105 15,511 381,800 X 1 309,800 72,000
BARNETT INC. COMMON 68062108 6,168 671,300 X 1 544,900 126,400
BELDEN INC. COMMON 77459105 13,155 641,700 X 1 550,800 90,900
BIRMINGHAM STEEL CORP COMMON 91250100 86 11,300 X 1 11,300 0
BLACK BOX CORP. COMMON 91826107 1,344 25,600 X 1 23,500 2,100
BURNS INTL SERVICES C COMMON 122374101 9,936 616,200 X 1 501,900 114,300
BWAY CORP. COMMON 56039100 5,475 550,950 X 1 449,900 101,050
CACI INTERNATIONAL IN COMMON 127190304 4,693 220,200 X 1 209,000 11,200
CEC ENTERTAINMENT INC COMMON 125137109 2,298 64,050 X 1 58,950 5,100
CHICAGO BRIDGE AND IR COMMON N19808109 14,425 986,300 X 1 824,700 161,600
CITATION CORP. COMMON 172895104 7,840 461,200 X 1 381,300 79,900
CLINTRIALS RESEARCH I COMMON 188767107 93 16,900 X 1 16,900 0
CNA SURETY CORP. COMMON 12612L108 10,449 796,100 X 1 677,000 119,100
COLONIAL BANCGROUP IN COMMON 195493309 11,492 1,027,200 X 1 857,300 169,900
COOPER COMPANIES INC. COMMON 216648402 2,668 86,400 X 1 79,100 7,300
<PAGE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------- -------- ---------- -------- ---------------------- --------------------- -------- -------------------------
INVESTMENT
DISCRETION VOTING AUTHORITY
--------------------- -------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
- --------------------- -------- ----------- -------- --------- ----- ------ ------ ------- ------ -------- ------ --------- -------
COVENANT TRANS INC CL COMMON 22284P105 4,296 281,700 X 1 264,500 17,200
CREDIT ACCEPEPTANCE C COMMON 225310101 104 17,400 X 1 17,400 0
CSK AUTO CORP. COMMON 125965103 3,169 145,300 X 1 117,900 27,400
C&D TECHNOLOGIES INC. COMMON 124661109 1,830 50,400 X 1 46,300 4,100
DAISYTEK INTERNATIONA COMMON 234053106 8,153 579,800 X 1 478,000 101,800
DAYTON SUPERIOR CORP. COMMON 240028100 8,128 478,100 X 1 392,800 85,300
DEL MONTE FOODS CO. COMMON 24522P103 4,901 347,000 X 1 328,100 18,900
DELCO REMY INTL CL A COMMON 246626105 6,444 716,000 X 1 592,500 123,500
DELPHI FINANCIAL GROU COMMON 247131105 12,941 428,693 X 1 355,447 73,246
DENTSPLY INTERNATIONA COMMON 249030107 3,842 168,900 X 1 161,400 7,500
DEPARTMENT 56 INC. COMMON 249509100 1,611 67,300 X 1 61,800 5,500
DII GROUP INC. COMMON 232949107 3,111 88,400 X 1 83,900 4,500
DISCOUNT AUTO PARTS I COMMON 254642101 10,407 645,400 X 1 532,100 113,300
DRYPERS CORP. COMMON 262497308 59 19,900 X 1 19,900 0
DT INDUSTRIES, INC. COMMON 23333J108 118 18,400 X 1 18,400 0
DURA AUTOMOTIVE SYSTE COMMON 265903104 2,892 120,200 X 1 112,300 7,900
EAST WEST BANCORP INC COMMON 27579R104 8,378 705,500 X 1 576,600 128,900
EG & G INC. COMMON 268457108 15,770 396,100 X 1 320,800 75,300
FIBERMARK INC. COMMON 315646109 4,907 384,900 X 1 313,800 71,100
FINANCIAL SECURITY AS COMMON 31769P100 16,080 311,100 X 1 258,600 52,500
FINLAY ENTERPRISES IN COMMON 317884203 7,242 526,700 X 1 428,100 98,600
FLIR SYS INC. COMMON 302445101 1,828 141,300 X 1 129,500 11,800
FRONTIER INSURANCE GR COMMON 359081106 882 100,800 X 1 82,700 18,100
FURON COMPANY COMMON 361106107 13,499 541,300 X 1 437,400 103,900
GABELLI ASSET MANAGEM COMMON 36239Y102 4,076 264,000 X 1 248,900 15,100
GADZOOKS INC. COMMON 362553109 688 103,800 X 1 95,500 8,300
<PAGE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------- -------- ---------- -------- ---------------------- --------------------- -------- -------------------------
INVESTMENT
DISCRETION VOTING AUTHORITY
--------------------- -------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
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GALLAGHER ARTHUR J & COMMON 363576109 15,911 298,800 X 1 247,800 51,000
GENERAL CABLE CORP. COMMON 369300108 11,210 934,200 X 1 759,000 175,200
GILDAN ACTIVEWEAR INC COMMON 375916103 4,273 247,700 X 1 233,400 14,300
HCC INSURANCE HLDGS I COMMON 404132102 2,941 174,900 X 1 167,300 7,600
HEIDRICK & STRUGGLES COMMON 422819102 5,808 304,700 X 1 289,400 15,300
HELLER FINANCIAL COMMON 423328103 20,900 928,900 X 1 781,300 147,600
IDEX CORP. COMMON 45167R104 15,764 556,800 X 1 459,600 97,200
IHOP CORP. COMMON 449623107 12,419 613,300 X 1 506,700 106,600
IMATION CORP. COMMON 45245A107 12,496 403,100 X 1 334,100 69,000
INTERFACE, INC. COMMON 458665106 75 14,600 X 1 14,600 0
INTERNATIONAL HOME FO COMMON 459655106 4,800 274,300 X 1 261,100 13,200
INTERNATIONAL MULTIFO COMMON 460043102 11,208 487,300 X 1 395,200 92,100
INTERPOOL, INC. COMMON 46062R108 10,010 1,312,850 X 1 1,083,750 229,100
INVACARE CORP. COMMON 461203101 11,135 569,200 X 1 460,800 108,400
IVEX PACKAGING COMMON 465855104 2,783 278,300 X 1 263,400 14,900
JACOBS ENGINEERING GR COMMON 469814107 10,156 312,500 X 1 253,500 59,000
KAYDON CORP. COMMON 486587108 13,378 537,800 X 1 443,200 94,600
KELLWOOD COMPANY COMMON 488044108 14,817 673,500 X 1 556,100 117,400
LANDSTAR SYSTEM, INC. COMMON 515098101 16,336 470,100 X 1 392,900 77,200
LSI INDUSTRIES INC. COMMON 50216C108 9,738 425,700 X 1 348,700 77,000
LUBYS CAFETERIAS INC. COMMON 549282101 1,922 167,100 X 1 136,900 30,200
LYDALL INC. COMMON 550819106 8,461 820,500 X 1 672,500 148,000
MARINEMAX INC. COMMON 567908108 5,082 508,200 X 1 416,800 91,400
MESA AIR GROUP INC. COMMON 590479101 83 13,600 X 1 13,600 0
MESABA HOLDINGS INC. COMMON 59066B102 1,650 140,400 X 1 128,600 11,800
METRO INFORMATION SER COMMON 59162P104 1,585 123,700 X 1 117,800 5,900
<PAGE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------- -------- ---------- -------- ---------------------- --------------------- -------- -------------------------
INVESTMENT
DISCRETION VOTING AUTHORITY
--------------------- -------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
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MICHAELS STORES INC. COMMON 594087108 7,977 270,400 X 1 222,700 47,700
MID ATLANTIC MEDICAL COMMON 59523C107 4,294 480,500 X 1 389,300 91,200
MODIS PROFESSIONAL SV COMMON 607830106 6,682 504,300 X 1 413,300 91,000
NATIONAL DATA CORP. COMMON 635621105 2,800 107,700 X 1 101,300 6,400
NATIONAL EQUIPMENT SE COMMON 635847106 6,057 594,600 X 1 482,400 112,200
NEW ENGLAND BUSINESS COMMON 643872104 18,046 631,800 X 1 521,400 110,400
NEWFIELD EXPLORATION COMMON 651290108 4,127 125,300 X 1 119,100 6,200
NORTEK INC. COMMON 656559101 3,897 114,200 X 1 95,000 19,200
NPC INTL INC. COMMON 629360306 6,984 620,800 X 1 508,500 112,300
O CHARLEYS INC. COMMON 670823103 11,343 769,050 X 1 640,600 128,450
OMNICARE INC. COMMON 681904108 125 13,000 X 1 13,000 0
PC CONNECTION INC. COMMON 69318J100 5,964 397,600 X 1 324,900 72,700
PENTAIR INC. COMMON 709631105 4,735 118,000 X 1 112,200 5,800
PEOPLES HERITAGE FINA COMMON 711147108 1,945 117,000 X 1 107,500 9,500
POLARIS INDUSTRIES IN COMMON 731068102 15,069 435,200 X 1 360,300 74,900
POMEROY COMPUTER RES COMMON 731822102 3,121 282,100 X 1 231,300 50,800
PRENTISS PROPERTIES T COMMON 740706106 2,663 120,000 X 1 109,600 10,400
PRIMEX TECHNOLOGIES I COMMON 741597108 1,961 99,300 X 1 91,000 8,300
PSC INC. COMMON 69361E107 6,265 783,100 X 1 661,100 122,000
RADIAN GROUP INC. COMMON 750236101 1,696 39,500 X 1 36,200 3,300
RAYMOND JAMES FINANCI COMMON 754730109 18,638 934,800 X 1 785,700 149,100
REMEDYTEMP INC. CL A COMMON 759549108 4,453 309,800 X 1 293,900 15,900
SAFETY KLEEN CORP. COMMON 78648R203 4,421 366,475 X 1 347,400 19,075
SANTA FE SNYDER CORP. COMMON 80218K105 2,624 291,600 X 1 274,500 17,100
SCANSOURCE INC. COMMON 806037107 4,390 157,500 X 1 149,600 7,900
SCHEIN, HENRY INC. COMMON 806407102 9,555 670,500 X 1 567,200 103,300
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------- -------- ---------- -------- ---------------------- --------------------- -------- -------------------------
INVESTMENT
DISCRETION VOTING AUTHORITY
--------------------- -------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
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SCHOOL SPECIALTY INC. COMMON 807863105 4,619 273,700 X 1 222,500 51,200
SCI SYSTEMS INC. COMMON 783890106 1,902 42,800 X 1 39,200 3,600
SCPIE HOLDINGS INC. COMMON 78402P104 9,831 312,100 X 1 254,500 57,600
SHOPKO STORES INC. COMMON 824911101 10,194 351,500 X 1 296,200 55,300
SNAP ON TOOLS CORP. COMMON 833034101 4,261 131,100 X 1 124,700 6,400
SPACEHAB INC. COMMON 846243103 71 14,600 X 1 14,600 0
SPARTECH CORP. COMMON 847220209 2,711 92,500 X 1 84,800 7,700
STANCORP FINANCIAL GR COMMON 852891100 13,846 618,800 X 1 525,600 93,200
SYMANTEC CORP. COMMON 871503108 5,942 165,200 X 1 157,000 8,200
TRACTOR SUPPLY CO. COMMON 892356106 9,886 520,300 X 1 427,900 92,400
TRAILER BRIDGE COMMON 892782103 92 47,500 X 1 47,500 0
TRAMMELL CROW CO. COMMON 89288R106 7,020 529,800 X 1 430,700 99,100
TRISTAR AEROSPACE CO. COMMON 89674L101 3,235 528,200 X 1 501,800 26,400
U S XPRESS ENTERPRISE COMMON 90338N103 3,229 555,600 X 1 468,900 86,700
UNITED STATIONERS INC COMMON 913004107 5,170 242,600 X 1 230,400 12,200
US ONCOLOGY INC. COMMON 90338W103 9,563 1,055,200 X 1 902,500 152,700
WARNACO GROUP INC. CL COMMON 934390105 14,852 813,800 X 1 682,900 130,900
WESLEY JESSEN VISIONC COMMON 951018100 4,369 140,100 X 1 133,000 7,100
WHITEHALL JEWELLERS I COMMON 965063100 2,648 92,100 X 1 84,600 7,500
WILLBROS GROUP INC. COMMON 969199108 93 13,100 X 1 13,100 0
TOTAL 822,298
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