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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: Cobalt Capital Management, Inc.
Address: 237 Park Avenue, Suite 801
New York, NY 10017
Form 13F File Number: 28-
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: Wayne Cooperman
Title: President
Phone: (212) 808-3756
Signature, Place, and Date of Signing:
/s/ Wayne Cooperman New York, NY May 17, 1999
__________________ _______________ ______________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
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[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 48
Form 13F Information Table Value Total: $149,146
[thousands]
INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
HAS BEEN OMITTED FROM THIS FILING AND FILED SEPARATELY WITH THE
COMMISSION.
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
1. Wayne Cooperman
[Repeat as necessary.]
3
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<TABLE>
Form 13F INFORMATION TABLE
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
--------- -------- -------- -------- -------- --------- -------- --------
INVESTMENT DISCRETION VOTING AUTHORITY
(c)
TITLE CUSIP MARKET SHRS OR SH/ PUT/ (a) (b) SHARED OTHER (a) (b) (c)
NAME OF ISSUER OF CLASS NUMBER VALUE PRN AMT PRN CALL SOLE SHARED OTHER MANAGERS SOLE SHARED NONE
- -------------- -------- ------ ------ ------- --- ---- ---- ------ ------ -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Advo Inc. Common 007585102 2,641,950 136,800 X 1 X
Advanta Corp - Class B Common 007942204 1,072,500 120,000 X 1 X X
Allied Waste Industries
Inc Common 019589308 2,382,188 165,000 X 1 X
Anthracite Capital Inc Common 037023108 1,509,750 201,300 X 1 X
Apria Healthcare Group Common 037933108 7,890,938 664,500 X 1 X
Applied Graphics Common 037937109 82,500 11,000 X 1 X
Bally's Total Fitness Common 05873K108 5,305,025 222,200 X 1 X
Big Flower Press
Holdings Common 089159107 10,688,325 343,400 X 1 X
Caribiner International
Inc Common 141888107 1,550,338 169,900 X 1 X
Coinmach Laundry Corp Common 19259L101 1,190,025 116,100 X 1 X
Crestline Capital Corp Common 226153104 10,851,676 705,800 X 1 X
Family Golf Centers
Inc Common 30701A106 258,826 34,800 X 1 X
Fruit of the Loom Inc Common G3682L105 904,075 84,100 X 1 X
Grand Union Co Common 386532402 2,514,375 223,500 X 1 X
Gymboree Corp Common 403777105 334,263 37,400 X 1 X
Humana Inc Common 444859102 5,451,000 316,000 X 1 X
Hutchinson Technology
Inc Common 448407106 1,907,913 76,700 X 1 X
IMC Global Inc Common 449669100 5,471,119 267,700 X 1 X
Insignia Financial Group
Inc Common 45767A105 4,913,423 349,399 X 1 X
Interim Services Inc Common 45868P100 1,575,000 105,000 X 1 X
King World Productions
Inc Common 495667107 1,598,419 52,300 X 1 X
LNR Property Corp Common 501940100 14,638,483 741,189 X 1 X
Mediaone Group Inc Common 58440J104 1,268,750 20,000 X 1 X
Meristar Hospitality
Corp Common 58984Y103 8,222,569 452,100 X 1 X
Meriistar Hotels & Resorts
Inc Common 589988104 392,700 142,800 X 1 X
National Equipment
Services Inc Common 635847106 920,375 99,500 X 1 X
Navistar International Common 63934E108 2,809,106 69,900 X 1 X
4
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Newcourt Credit Group
Inc Common 650905102 1,488,438 55,000 X 1 X
Newhall Land & Farming
Co Common 651426108 2,280,063 95,500 X 1 X
Nine West Group Inc Common 65440D102 3,456,250 140,000 X 1 X
Norrell Corp Common 656301108 2,700,019 206,700 X 1 X
Oxford Health Plans Common 691471106 1,718,750 110,000 X 1 X
Park Place Entertainment
Corp Common 700690100 1,278,062 169,000 X 1 X
Petsmart Inc Common 716768106 281,094 35,000 X 1 X
Platinum Technology
Inc Common 72764T101 1,491,750 58,500 X 1 X
Prime Hospitality
Corp Common 741917108 5,364,034 539,777 X 1 X
Quest Diagnostic Common 74834L100 8,165,750 367,000 X 1 X
Resource America Inc Common 761195205 3,893,326 451,400 X 1 X
Resource Assets Investment
Trust Common 761196104 2,722,475 231,700 X 1 X
Ryder System Inc Common 783549108 1,491,751 54,000 X 1 X
Sinclair Broadcasting
Group Inc Common 829226109 2,468,344 169,500 X 1 X
Station Casinos Inc Common 857689103 446,250 35,000 X 1 X
Suburban Lodges of America
Inc Common 864444104 310,091 44,900 X 1 X
Suiza Foods Corp Common 865077101 6,306,301 187,200 X 1 X
UCAR International Common 90262K109 2,038,238 144,300 X 1 X
United International
Holdings Common 910734102 304,500 7,000 X 1 X
Wang Laboratories Inc Common 93369N109 641,788 32,700 X 1 X
World Color Press Inc Common 981443104 1,952,875 91,900 X 1 X
COLUMN TOTALS 149,145,760
</TABLE>
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01181001.AO5
