Form 13F
Report for the Calendar Year or Quarter Ended: 9/30/99
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one): [ ] is a restatment.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Paradigm Capital Management
Address: 9 Elk Street
Albany, New York 12207
13F File Number: 28-7092
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: Peter E. Bulger
Title: SVP
Phone: 518-431-3500
Signature, Place and Date of Signing:
Peter E. Bulger Albany NY 4/30/99
Report Type (Check only one.):
[ ] 13F Holdings Report.
[ ] 13F Notice.
[x ] 13F Combination Report.
List of other Managers reporting for this Manager:
I am signing this report as required by the Securities Exchange Act of 1934.
/ Peter E. Bulger
Paradigm Capital Management, Inc.
Form 13F SUMMARY PAGE
Report Summary: for Paradigm Capital Management
File # 28-7092
Number of other Included Managers: 0
Form 13F Informational Table Entry Total: 151
Form 13F Informational Table Value Total: $429,761,000
List of Ohter Included Managers:
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A C Moore Arts & Crafts Inc. COM 00086t103 271 61000 SH SOLE 60000 1000
Abbott Laboratories COM 002824100 1086 29600 SH SOLE 29600
Act Manufacturing COM 000973107 16995 678100 SH SOLE 125800 552300
Advo Inc. COM 007585102 409 20500 SH SOLE 20500
Amer Precision Indus COM 029069101 2451 239100 SH SOLE 239100
Amer Woodmark COM 030506109 8122 302200 SH SOLE 50000 252200
Ameri Credit Corp COM 03060r101 624 41800 SH SOLE 41800
Angelica Corp COM 034663104 1828 159000 SH SOLE 159000
Apogee Enterprises COM 037598109 1294 184000 SH SOLE 184000
Applied Graphics Technologies COM 037937109 93 10800 SH SOLE 10800
Artesyn Technologies Inc. COM 043127109 1379 72700 SH SOLE 10000 62700
Avid Technology COM 05367p100 6589 502000 SH SOLE 50000 452000
BHA Group'A' COM 055446108 1666 171975 SH SOLE 171975
BMC Software COM 055921100 215 3000 SH SOLE 3000
Bacou USA Inc COM 056439102 3126 187300 SH SOLE 187300
Baldwin Technology'A' COM 058264102 3239 1363800 SH SOLE 249000 1114800
Ball Corp COM 058498106 220 5000 SH SOLE 5000
Baxter International COM 071813109 524 8700 SH SOLE 8700
Bell Atlantic Corp COM 077853109 337 5000 SH SOLE 5000
Blair Corp COM 092828102 770 43700 SH SOLE 43700
Bogen Communications Intl COM 097189104 357 64100 SH SOLE 64100
Brush Wellman COM 117421107 4530 308400 SH SOLE 308400
Bush Indus Cl'A' COM 123164105 1458 111600 SH SOLE 40000 71600
C & D Technologies COM 124661109 27866 767400 SH SOLE 60900 706500
CPAC Inc COM 126145101 576 98100 SH SOLE 98100
CSS Industries COM 125906107 5939 258200 SH SOLE 258200
Carlisle Cos COM 142339100 7067 178900 SH SOLE 10000 178900
Champion Enterprises COM 158496109 575 63900 SH SOLE 63900
Chartwell Re COM 16139w109 889 61600 SH SOLE 61600
Chemfab Corp COM 16361l102 2785 172700 SH SOLE 172700
Ciprico Inc COM 172529109 918 82500 SH SOLE 82500
Cold Metal Products COM 192861102 645 191100 SH SOLE 191100
Colgate-Palmolive COM 194162103 1354 29600 SH SOLE 29600
Columbus McKinnon Corp. COM 199333105 7279 422000 SH SOLE 40000 422000
Concorde Camera COM 206156101 1201 139300 SH SOLE 139300
Crane Co COM 224399105 6787 302500 SH SOLE 302500
DII Group COM 232949107 7389 210000 SH SOLE 70000 140000
Delta Financial Corp COM 247918105 424 84800 SH SOLE 84800
Diageo PLC Sponsored ADR COM 25243q205 207 5000 SH SOLE 5000
Donnelly Corp Cl'A' COM 257870105 1749 124400 SH SOLE 124400
Elder Beerman Stores COM 284470101 263 41300 SH SOLE 41300
Electro Rent COM 285218103 4566 365300 SH SOLE 40000 325300
Enesco Group Inc COM 292973104 2941 191300 SH SOLE 5000 191300
Ensco International Inc. COM 26874q100 238 13150 SH SOLE 13150
Esterline Technologies COM 297425100 1888 119900 SH SOLE 119900
Evans & Sutherland Computer COM 299096107 1265 102200 SH SOLE 28000 74200
Farr Co COM 311648109 1493 161450 SH SOLE 161450
Fibermark Inc COM 315646109 4724 370500 SH SOLE 370500
First Aviation Services COM 31865w108 251 45600 SH SOLE 45600
Friedman's Inc'A' COM 358438109 1898 215400 SH SOLE 215400
Furon Co COM 361106107 2743 110000 SH SOLE 110000
General Electric COM 369604103 1330 11220 SH SOLE 11220
Genicom Corp COM 372282103 277 354600 SH SOLE 251400 103200
Gerber Scientific COM 373730100 6627 296200 SH SOLE 10000 296200
Gillette Co COM 375766102 679 20000 SH SOLE 20000
Hadco Corp COM 404681108 4290 99200 SH SOLE 4000 95200
Harmon Indus COM 413136102 1235 98300 SH SOLE 98300
Hastings Entmt Inc. COM 418365102 446 51700 SH SOLE 50000 1700
Haverty Furniture Co COM 419596101 1763 121600 SH SOLE 121600
Hawk Corp Cl A COM 420089104 1561 297400 SH SOLE 297400
Healthcare Svcs COM 421906108 851 104300 SH SOLE 104300
Heinz (H.J.) COM 423074103 215 5000 SH SOLE 5000
Helen of Troy COM g4388n106 2884 299600 SH SOLE 70000 229600
Hewlett-Packard COM 428236103 1162 12800 SH SOLE 12800
Hollinger Intl Cl A COM 435569108 153 12900 SH SOLE 12900
Hunt Mfg COM 445591100 1632 199300 SH SOLE 199300
Hussman International Inc. COM 448110106 1586 93300 SH SOLE 10000 83300
ICT Group Inc COM 44929y101 1341 185000 SH SOLE 185000
Information Resources COM 456905108 961 86900 SH SOLE 86900
Intel Corp COM 458140100 743 10000 SH SOLE 10000
Intl Business Machines COM 459200101 460 3800 SH SOLE 3800
Jabil Circuit COM 466313103 9900 200000 SH SOLE 200000
John B Sanfilippo & Son Inc COM 800422107 57 20000 SH SOLE 20000
Johnson & Johnson COM 478160104 3703 40300 SH SOLE 40300
Jos.A. Bank Clothiers COM 480838101 2760 679400 SH SOLE 177800 501600
K-Tron Intl COM 482730108 3055 205400 SH SOLE 205400
Katy Inds COM 486026107 968 80700 SH SOLE 80700
Lifetime Hoan Corp COM 531926103 287 39200 SH SOLE 39200
Longs Drug Stores Corp COM 543162101 597 20000 SH SOLE 20000
Lydall Inc COM 550819106 3733 362000 SH SOLE 40000 362000
Mail Well Inc COM 560321200 198 14300 SH SOLE 14300
Mark IV Industries COM 570387100 8177 414020 SH SOLE 414020
Mattel, Inc COM 577081102 1649 86780 SH SOLE 86780
Maxxim Medical COM 57777g105 10939 457000 SH SOLE 20000 437000
Mazel Stores COM 578792103 300 31200 SH SOLE 31200
Media 100 Inc COM 58440w105 1883 266600 SH SOLE 170000 96600
Medtronic Inc. COM 585055106 711 20000 SH SOLE 20000
Mens Wearhouse Inc COM 587118100 1159 53900 SH SOLE 53900
Merck & Co COM 589331107 1820 28080 SH SOLE 28080
Merix Corp COM 590049102 6327 486700 SH SOLE 177500 309200
Mestek Inc COM 590829107 2384 119200 SH SOLE 119200
Microsemi Corp COM 595137100 2117 287000 SH SOLE 287000
Microwave Power Devices COM 59517m103 1983 144900 SH SOLE 144900
Monro Muffler Brake COM 610236101 4802 718044 SH SOLE 38270 718044
Musicland Stores COM 62758b109 2851 321200 SH SOLE 60000 261200
Myers Inds Inc COM 628464109 1716 96700 SH SOLE 96700
Nash Finch Co COM 631158102 1257 179600 SH SOLE 179600
Nashua Corp COM 631226107 404 45500 SH SOLE 45500
Neomagic Corp COM 640497103 1362 175800 SH SOLE 43300 132500
Newell Rubbermaid COM 651229106 271 9500 SH SOLE 9500
O'Sullivan Industries Hldg COM 688609106 8566 571100 SH SOLE 70000 501100
Oneida Ltd COM 682505102 6856 287900 SH SOLE 287900
Optika Inc COM 683973101 198 52800 SH SOLE 52800 52800
Patrick Indus COM 703343103 911 71800 SH SOLE 71800
Penn Engr & Mfg COM 707389300 7253 295300 SH SOLE 295300
PepsiCo Inc COM 713448108 659 21607 SH SOLE 21607
Perceptron COM 71361f100 463 129900 SH SOLE 129900
Pier 1 Imports Inc COM 720279108 525 80000 SH SOLE 30000 50000
Pinnacle Systems COM 723481107 11802 278516 SH SOLE 278516
Plexus Corp COM 729132100 4937 161200 SH SOLE 161200
PrimeSource Corp COM 741593107 1709 294100 SH SOLE 294100
Printronix Inc COM 742578107 2647 141200 SH SOLE 141200
Procter & Gamble COM 742718109 984 10500 SH SOLE 10500
Provantage Health Svcs Inc. COM 743725103 206 20000 SH SOLE 20000
R & B Inc COM 749124103 992 178400 SH SOLE 178400
R&B Falcon Corp COM 74912e101 192 14600 SH SOLE 14600
Remedy Corp COM 759548100 230 8100 SH SOLE 8100
RemedyTemp Inc - Cl A COM 759549108 2644 183900 SH SOLE 183900
Richardson Electr COM 763165107 2215 266500 SH SOLE 266500
Rite Aid COM 767754104 2193 158750 SH SOLE 158750
Robertson-Ceco Corp COM 770539203 1331 171700 SH SOLE 171700
Rogers Corp COM 775133101 7736 210500 SH SOLE 210500
Rogue Wave Software Inc COM 775369101 1206 201000 SH SOLE 40000 161000
Rohn Inds COM 775381106 376 188200 SH SOLE 188200
Roy F Weston Cl A COM 961137106 299 119600 SH SOLE 119600
Russ Berrie & Co COM 782233100 373 17800 SH SOLE 17800
Ryans Family Steak Houses Inc. COM 783519101 386 42900 SH SOLE 42900
SED Intl Holdings COM 784109100 694 270800 SH SOLE 140900 129900
Safety 1st Inc COM 786475103 481 68100 SH SOLE 68100
Salton Inc COM 795757103 8736 281800 SH SOLE 62400 219400
Sanmina Corp COM 800907107 3706 47900 SH SOLE 47900
Schawk Inc COM 806373106 585 60000 SH SOLE 60000
Scott Technologies Inc COM 810022301 6859 347300 SH SOLE 347300
Sears,Roebuck COM 812387108 452 14400 SH SOLE 14400
Shopko Stores COM 824911101 9938 342700 SH SOLE 70000 272700
Sizzler International COM 830139101 359 169000 SH SOLE 169000
Smart Modular Tecnologies COM 831690102 17460 512600 SH SOLE 70000 442600
Spectrum Control COM 847615101 2058 267700 SH SOLE 267700
Sterile Recoveries COM 859151102 894 115300 SH SOLE 104300 11000
Sterling Commerce COM 859205106 742 40000 SH SOLE 40000
Sybase Inc. COM 871130100 281 23750 SH SOLE 23750
Sylvan Inc COM 871371100 1320 130400 SH SOLE 130400
Symantec Corp COM 871503108 21297 592100 SH SOLE 150000 442100
Technitrol COM 878555101 11671 331100 SH SOLE 6000 331100
Tokheim Corp COM 889073102 93 10420 SH SOLE 10420
Trans World Entertainment COM 89336q100 9493 748200 SH SOLE 60000 688200
Trustco Bank Corp COM 898349105 518 17534 SH SOLE 17534
Tuscarora Inc COM 900902107 1777 140750 SH SOLE 140750
Urocor Inc. COM 91727p105 307 75000 SH SOLE 75000
Walt Disney Co Holding COM 254687106 220 8450 SH SOLE 8450
Windmere Durable Holdings COM 973411101 856 71000 SH SOLE 30000 41000
</TABLE>