UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 1-27-2000
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Signature City, State Date
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[X] 13F COMBINATION REPORT.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 104
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Form 13F Information Table Value Total: $699,138
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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>`1
<CAPTION>
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
- --------------------- -------- ----------- -------- --------- ----- ------ ------ ------- ------ -------- ------ --------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AARON RENTS, INC. COMMON 2535201 10,599 597,100 X 1 465,700 131,400
ADVO INC. COMMON 7585102 14,241 599,600 X 1 467,200 132,400
ALBANY INTERNATIONAL COMMON 12348108 10,000 645,193 X 1 510,887 134,306
AMERICAN CAP STRATEGI COMMON 24937104 4,545 199,800 X 1 199,800 0
AMERICAN MANAGEMENT S COMMON 27352103 6,206 197,800 X 1 163,400 34,400
AMERIPATH INC. COMMON 03071D109 6,085 743,200 X 1 586,800 156,400
APPLIED POWER INC. COMMON 38225108 11,569 314,800 X 1 275,300 39,500
ARROW ELECTRONICS, IN COMMON 42735100 16,882 665,300 X 1 527,400 137,900
ARROW INTERNATIONAL I COMMON 42764100 2,279 78,600 X 1 78,600 0
ARTESYN TECHNOLOGIES COMMON 43127109 4,158 198,000 X 1 198,000 0
BALDOR ELECTRIC CO. COMMON 57741100 2,820 155,600 X 1 121,200 34,400
BANCWEST CORP. COMMON 59790105 11,716 600,800 X 1 457,000 143,800
BARNETT INC. COMMON 68062108 5,490 529,200 X 1 402,800 126,400
BELDEN INC. COMMON 77459105 17,218 819,900 X 1 673,300 146,600
BRINKER INTERNATIONAL COMMON 109641100 721 29,900 X 1 24,800 5,100
BURNS INTL SERVICES C COMMON 122374101 6,194 572,900 X 1 436,600 136,300
BWAY CORP. COMMON 56039100 2,590 422,900 X 1 321,850 101,050
CACI INTERNATIONAL IN COMMON 127190304 6,301 278,500 X 1 254,500 24,000
CHICAGO BRIDGE AND IR COMMON N19808109 10,857 789,600 X 1 628,200 161,400
CHITTENDEN CORP. COMMON 170228100 8,396 283,400 X 1 221,500 61,900
CLINTRIALS RESEARCH I COMMON 188767107 60 14,500 X 1 14,500 0
CNA SURETY CORP. COMMON 12612L108 8,398 646,000 X 1 534,900 111,100
COHU INC. COMMON 192576106 2,275 73,400 X 1 73,400 0
COLONIAL BANCGROUP IN COMMON 195493309 8,334 803,300 X 1 627,800 175,500
COOPER COMPANIES INC. COMMON 216648402 1,937 64,300 X 1 64,300 0
COVENANT TRANS INC CL COMMON 22284P105 5,313 305,800 X 1 305,800 0
<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
- --------------------- -------- ----------- -------- --------- ----- ------ ------ ------- ------ -------- ------ --------- -------
CREDIT ACCEPEPTANCE C COMMON 225310101 64 17,400 X 1 17,400 0
CSK AUTO CORP. COMMON 125965103 10,465 598,000 X 1 491,400 106,600
C&D TECHNOLOGIES INC. COMMON 124661109 4,977 117,100 X 1 117,100 0
DAISYTEK INTERNATIONA COMMON 234053106 5,516 236,600 X 1 181,100 55,500
DAYTON SUPERIOR CORP. COMMON 240028100 6,118 376,500 X 1 291,200 85,300
DEL MONTE FOODS CO. COMMON 24522P103 3,761 305,500 X 1 305,500 0
DELCO REMY INTL CL A COMMON 246626105 4,146 502,600 X 1 380,600 122,000
DELPHI FINANCIAL GROU COMMON 247131105 12,066 402,210 X 1 314,038 88,172
DENTSPLY INTERNATIONA COMMON 249030107 8,514 360,400 X 1 307,800 52,600
DII GROUP INC. COMMON 232949107 3,250 45,800 X 1 45,800 0
DISCOUNT AUTO PARTS I COMMON 254642101 9,980 552,500 X 1 432,900 119,600
DRYPERS CORP. COMMON 262497308 35 14,500 X 1 14,500 0
DT INDUSTRIES, INC. COMMON 23333J108 83 10,600 X 1 10,600 0
DURA AUTOMOTIVE SYSTE COMMON 265903104 670 38,400 X 1 38,400 0
EAST WEST BANCORP INC COMMON 27579R104 6,961 608,600 X 1 462,600 146,000
FINANCIAL SECURITY AS COMMON 31769P100 12,818 245,900 X 1 193,400 52,500
FINLAY ENTERPRISES IN COMMON 317884203 6,058 417,800 X 1 314,700 103,100
FLIR SYS INC. COMMON 302445101 2,845 175,100 X 1 175,100 0
G & K SERVICES INC. COMMON 361268105 7,246 223,800 X 1 184,500 39,300
GABELLI ASSET MANAGEM COMMON 36239Y102 3,409 209,800 X 1 209,800 0
GADZOOKS INC. COMMON 362553109 2,572 262,100 X 1 262,100 0
GALLAGHER ARTHUR J & COMMON 363576109 19,114 295,200 X 1 239,000 56,200
GILDAN ACTIVEWEAR INC COMMON 375916103 4,252 234,600 X 1 234,600 0
HEIDRICK & STRUGGLES COMMON 422819102 6,198 146,700 X 1 146,700 0
HELLER FINANCIAL COMMON 423328103 16,263 810,600 X 1 668,700 141,900
IDEX CORP. COMMON 45167R104 17,526 577,000 X 1 451,400 125,600
<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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IHOP CORP. COMMON 449623107 10,553 632,400 X 1 510,400 122,000
INTERIM SERVICES INC. COMMON 45868P100 6,252 252,600 X 1 209,000 43,600
INTERNATIONAL HOME FO COMMON 459655106 10,733 617,700 X 1 528,800 88,900
INTERNATIONAL MULTIFO COMMON 460043102 5,611 423,500 X 1 318,800 104,700
INTERPOOL, INC. COMMON 46062R108 7,035 945,850 X 1 716,750 229,100
INVACARE CORP. COMMON 461203101 12,429 619,500 X 1 483,300 136,200
IVEX PACKAGING COMMON 465855104 771 77,100 X 1 77,100 0
JACOBS ENGINEERING GR COMMON 469814107 12,392 381,300 X 1 295,800 85,500
KAYDON CORP. COMMON 486587108 13,782 514,000 X 1 402,000 112,000
KELLWOOD COMPANY COMMON 488044108 14,454 743,600 X 1 577,600 166,000
LANDSTAR SYSTEM, INC. COMMON 515098101 15,935 372,200 X 1 293,500 78,700
LSI INDUSTRIES INC. COMMON 50216C108 9,031 417,600 X 1 328,900 88,700
MANOR CARE INC. COMMON 564055101 6,662 416,400 X 1 328,100 88,300
MARINEMAX INC. COMMON 567908108 3,580 376,800 X 1 285,400 91,400
MESA AIR GROUP INC. COMMON 590479101 48 10,100 X 1 10,100 0
MSC INDUSTRIAL DIRECT COMMON 553530106 9,980 753,200 X 1 624,400 128,800
NEUBERGER BERMAN COMMON 641234109 6,818 274,100 X 1 208,100 66,000
NEW ENGLAND BUSINESS COMMON 643872104 2,759 522,100 X 1 407,000 115,100
NEWFIELD EXPLORATION COMMON 651290108 3,448 128,900 X 1 128,900 0
NPC INTL INC. COMMON 629360306 3,915 497,100 X 1 385,700 111,400
O CHARLEYS INC. COMMON 670823103 9,205 701,300 X 1 554,750 146,550
OFFSHORE LOGISTICS IN COMMON 676255102 96 10,200 X 1 10,200 0
PENTAIR INC. COMMON 709631105 9,413 244,500 X 1 210,500 34,000
PEOPLES HERITAGE FINA COMMON 711147108 1,518 100,800 X 1 100,800 0
POLARIS INDUSTRIES IN COMMON 731068102 13,492 372,200 X 1 294,200 78,000
POMEROY COMPUTER RES COMMON 731822102 2,696 203,500 X 1 153,900 49,600
<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
- --------------------- -------- ----------- -------- --------- ----- ------ ------ ------- ------ -------- ------ --------- -------
PRENTISS PROPERTIES T COMMON 740706106 1,995 95,000 X 1 95,000 0
PRIMEX TECHNOLOGIES I COMMON 741597108 1,843 88,800 X 1 88,800 0
PSC INC. COMMON 69361E107 3,887 527,100 X 1 432,000 95,100
RADIAN GROUP INC. COMMON 750236101 2,469 51,700 X 1 51,700 0
RAYMOND JAMES FINANCI COMMON 754730109 13,920 744,900 X 1 606,100 138,800
REGIS CORP. MINN COMMON 758932107 2,650 140,400 X 1 140,400 0
REMEDYTEMP INC. CL A COMMON 759549108 5,413 284,900 X 1 284,900 0
RUBY TUESDAY INC. COMMON 781182100 7,066 388,500 X 1 322,200 66,300
SAFETY KLEEN CORP. COMMON 78648R203 3,751 331,600 X 1 331,600 0
SANTA FE SNYDER CORP. COMMON 80218K105 1,786 223,300 X 1 223,300 0
SCANSOURCE INC. COMMON 806037107 3,099 76,400 X 1 76,400 0
SCHOOL SPECIALTY INC. COMMON 807863105 5,996 396,400 X 1 314,400 82,000
SHAW GROUP INC. COMMON 820280105 6,083 240,300 X 1 182,600 57,700
SHOPKO STORES INC. COMMON 824911101 7,029 305,600 X 1 250,100 55,500
SNAP ON TOOLS CORP. COMMON 833034101 7,977 300,300 X 1 258,200 42,100
SPACEHAB INC. COMMON 846243103 56 10,500 X 1 10,500 0
STANCORP FINANCIAL GR COMMON 852891100 13,196 523,900 X 1 433,700 90,200
SYMANTEC CORP. COMMON 871503108 2,755 47,000 X 1 47,000 0
TEKTRONIX INC. COMMON 879131100 7,452 191,700 X 1 157,800 33,900
TIDEWATER INC. COMMON 886423102 2,174 60,400 X 1 60,400 0
TRACTOR SUPPLY CO. COMMON 892356106 6,195 387,200 X 1 294,900 92,300
TRAILER BRIDGE COMMON 892782103 19 15,300 X 1 15,300 0
UNITED STATIONERS INC COMMON 913004107 5,887 206,100 X 1 206,100 0
WARNACO GROUP INC. CL COMMON 934390105 7,969 647,200 X 1 512,600 134,600
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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
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WESLEY JESSEN VISIONC COMMON 951018100 10,609 280,100 X 1 246,000 34,100
WHITEHALL JEWELLERS I COMMON 965063100 5,163 210,000 X 1 210,000 0
TOTAL 699,138
</TABLE>
