Form 13F
Report for the Calendar Year or Quarter Ended: 3/31/99
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: 28-6298
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: 146
Form 13F Informational Table Value Total: $351,398,000
List of Ohter Included Managers:
No. 13F File Number Name
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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>
Abbott Laboratories COM 002824100 1414 30200 SH SOLE 30200
Act Manufacturing COM 000973107 2753 166200 SH SOLE 75000 91200
Advanced Technical Products, I COM 007548100 308 28700 SH SOLE 28700
Albany Intl 'A' COM 012348108 1928 102803 SH SOLE 102803
Amer Business Prod COM 024763104 487 34800 SH SOLE 34800
Amer Precision Indus COM 029069101 2014 209200 SH SOLE 209200
Amer Safety Razor COM 029362100 3406 245500 SH SOLE 245500
Amer Woodmark COM 030506109 8529 269700 SH SOLE 70000 199700
Angelica Corp COM 034663104 3312 236600 SH SOLE 11000 236600
Apogee Enterprises COM 037598109 986 83000 SH SOLE 83000
Applied Graphics Technologies COM 037937109 81 10800 SH SOLE 10800
Avid Technology COM 05367p100 6565 376500 SH SOLE 44300 332200
BHA Group'A' COM 055446108 1461 160111 SH SOLE 160111
Baldwin Technology'A' COM 058264102 4125 1434700 SH SOLE 249000 1185700
Baxter International COM 071813109 554 8400 SH SOLE 8400
Bel Fuse Cl B COM 077347300 254 8200 SH SOLE 3200 5000
Bell Atlantic Corp COM 077853109 258 5000 SH SOLE 5000
Berlitz International COM 08520F100 538 23800 SH SOLE 23800
Blair Corp COM 092828102 614 39000 SH SOLE 39000
Bogen Communications Intl COM 097189104 360 53300 SH SOLE 53300
Brush Wellman COM 117421107 3995 275500 SH SOLE 275500
Bush Indus Cl'A' COM 123164105 794 64500 SH SOLE 64500
C & D Technologies COM 124661109 20895 840000 SH SOLE 40900 799100
C P Clare Corp COM 12615K107 818 225700 SH SOLE 225700
CMC Industries COM 125708107 367 70000 SH SOLE 70000
CPAC Inc COM 126145101 777 105300 SH SOLE 105300
CSS Industries COM 125906107 5660 254400 SH SOLE 254400
Carlisle Cos COM 142339100 4226 90400 SH SOLE 90400
Chemfab Corp COM 16361L102 2449 148400 SH SOLE 148400
Cold Metal Products COM 192861102 297 169600 SH SOLE 169600
Colgate-Palmolive COM 194162103 1417 15400 SH SOLE 15400
Columbus McKinnon Corp. COM 199333105 7489 372100 SH SOLE 372100
Concorde Camera COM 206156101 649 160900 SH SOLE 160900
Crane Co COM 224399105 7279 300950 SH SOLE 300950
DII Group COM 232949107 1843 63000 SH SOLE 50000 13000
Dentsply Intl COM 249030107 203 8750 SH SOLE 8750
Diageo PLC Sponsored ADR COM 25243q205 229 5000 SH SOLE 5000
Donnelly Corp Cl'A' COM 257870105 1738 132400 SH SOLE 132400
Electro Rent COM 285218103 3391 371600 SH SOLE 40000 331600
Enesco Group Inc COM 292973104 4171 230900 SH SOLE 15000 230900
Esterline Technologies COM 297425100 1594 123200 SH SOLE 123200
Expert Software COM 302131107 200 97200 SH SOLE 97200
Farr Co COM 311648109 1334 156950 SH SOLE 156950
Fibermark Inc COM 315646109 4613 390500 SH SOLE 390500
Friedman's Inc'A' COM 358438109 1269 141000 SH SOLE 141000
Friendly's Ice Cream COM 358497105 173 28200 SH SOLE 28200
Furon Co COM 361106107 2473 195900 SH SOLE 195900
General Electric COM 369604103 1263 11420 SH SOLE 11420
Genicom Corp COM 372282103 942 486100 SH SOLE 282900 203200
Gerber Scientific COM 373730100 5130 254100 SH SOLE 254100
Gillette Co COM 375766102 1189 20000 SH SOLE 20000
Gymboree COM 403777105 171 19100 SH SOLE 19100
Harmon Indus COM 413136102 1534 76450 SH SOLE 76450
Haverty Furniture Co COM 419596101 1137 44800 SH SOLE 44800
Hawk Corp Cl A COM 420089104 2887 360900 SH SOLE 20000 360900
Healthcare Svcs COM 421906108 504 53100 SH SOLE 53100
Heilig-Meyers COM 422893107 804 154900 SH SOLE 50000 104900
Heinz (H.J.) COM 423074103 237 5000 SH SOLE 5000
Helen of Troy COM g4388n106 4463 345000 SH SOLE 70000 275000
Hewlett-Packard COM 428236103 203 3000 SH SOLE 3000
Hollinger Intl Cl A COM 435569108 149 11000 SH SOLE 11000
Hunt Mfg COM 445591100 2097 212400 SH SOLE 212400
ICT Group Inc COM 44929y101 521 181300 SH SOLE 181300
Information Resources COM 456905108 644 100100 SH SOLE 100100
Intl Business Machines COM 459200101 337 1900 SH SOLE 1900
Jabil Circuit COM 466313103 7857 194000 SH SOLE 194000
Johnson & Johnson COM 478160104 3768 40300 SH SOLE 40300
Jos.A. Bank Clothiers COM 480838101 4168 680500 SH SOLE 177800 502700
K-Tron Intl COM 482730108 3665 203600 SH SOLE 203600
Katy Inds COM 486026107 1197 92100 SH SOLE 92100
Kentucky Electric Steel COM 49127b100 141 41800 SH SOLE 41800
Lawter Intl COM 520786104 2010 287200 SH SOLE 287200
Lifetime Hoan Corp COM 531926103 363 37000 SH SOLE 37000
Longs Drug Stores Corp COM 543162101 609 20000 SH SOLE 20000
Lydall Inc COM 550819106 2619 315100 SH SOLE 315100
Mark IV Industries COM 570387100 8444 649556 SH SOLE 30000 649556
Matlack Systems COM 576901102 537 95400 SH SOLE 95400
Mattel, Inc COM 577081102 2164 86780 SH SOLE 86780
Maxxim Medical COM 57777g105 8786 465500 SH SOLE 40000 425500
Mazel Stores COM 578792103 789 83100 SH SOLE 83100
Media 100 Inc COM 58440w105 656 125000 SH SOLE 105000 20000
Medical Resources Inc, New COM 58461q409 113 53200 SH SOLE 53200
Merck & Co COM 589331107 2282 28480 SH SOLE 28480
Merix Corp COM 590049102 1191 229500 SH SOLE 100000 129500
Mestek Inc COM 590829107 2301 121100 SH SOLE 121100
Microsemi Corp COM 595137100 2310 289900 SH SOLE 289900
Microwave Power Devices COM 59517m103 646 80700 SH SOLE 50000 30700
Monro Muffler Brake COM 610236101 5045 708045 SH SOLE 38270 708045
Myers Inds Inc COM 628464109 655 31000 SH SOLE 31000
Nash Finch Co COM 631158102 1571 187600 SH SOLE 187600
Nashua Corp COM 631226107 276 24000 SH SOLE 24000
Neomagic Corp COM 640497103 528 53100 SH SOLE 53100
Newell Rubbermaid COM 651229106 352 7406 SH SOLE 7406
O'Sullivan Industries Hldg COM 688609106 3928 284400 SH SOLE 40000 244400
Oneida Ltd COM 682505102 5310 312350 SH SOLE 312350
Optika Inc COM 683973101 208 52800 SH SOLE 52800 52800
Patrick Indus COM 703343103 855 63300 SH SOLE 17000 46300
Paul Harris Stores COM 703555220 1030 139700 SH SOLE 70000 69700
Penn Engr & Mfg COM 707389300 6298 331500 SH SOLE 331500
PepsiCo Inc COM 713448108 788 20107 SH SOLE 20107
Perceptron COM 71361f100 314 85800 SH SOLE 85800
Pinnacle Systems COM 723481107 11304 248439 SH SOLE 52181 196258
Platinum Technology COM 72764t101 10311 404364 SH SOLE 60000 344364
PrimeSource Corp COM 741593107 1759 312700 SH SOLE 5500 312700
Printronix Inc COM 742578107 1793 161200 SH SOLE 161200
Procter & Gamble COM 742718109 989 10100 SH SOLE 10100
R & B Inc COM 749124103 1466 183300 SH SOLE 183300
RemedyTemp Inc - Cl A COM 759549108 2212 176100 SH SOLE 176100
Richardson Electr COM 763165107 1505 290200 SH SOLE 10000 290200
Rite Aid COM 767754104 6849 273950 SH SOLE 273950
Robertson-Ceco Corp COM 770539203 1275 175800 SH SOLE 175800
Rogers Corp COM 775133101 5571 225100 SH SOLE 225100
Rohn Inds COM 775381106 398 179200 SH SOLE 179200
Russ Berrie & Co COM 782233100 853 32900 SH SOLE 32900
SED Intl Holdings COM 784109100 524 182300 SH SOLE 40000 142300
STB Systems COM 784741100 1716 219650 SH SOLE 219650
Salton Inc COM 795757103 5955 243700 SH SOLE 101600 142100
Sanmina Corp COM 800907107 2231 35000 SH SOLE 9000 26000
Sbarro Inc. COM 805844107 1430 53700 SH SOLE 53700
Schawk Inc COM 806373106 509 52200 SH SOLE 52200
Scotsman Industries COM 809340102 6086 354100 SH SOLE 50000 304100
Scott Technologies Inc COM 810022301 6950 400000 SH SOLE 400000
Seamed Co. COM 81218q100 285 30000 SH SOLE 30000
Sears,Roebuck COM 812387108 452 10000 SH SOLE 10000
Shopko Stores COM 824911101 8583 287300 SH SOLE 50000 237300
Smart Modular Tecnologies COM 831690102 5888 394200 SH SOLE 60000 334200
Specialty Equipment COM 847497203 246 8900 SH SOLE 8900
Spectrum Control COM 847615101 1238 295600 SH SOLE 295600
Sterile Recoveries COM 859151102 307 30000 SH SOLE 30000
Sterling Commerce COM 859205106 1230 40000 SH SOLE 40000
Sunrise Medical COM 867910101 317 50700 SH SOLE 50700
Supreme Industries Inc,Cl.A COM 868607102 392 53100 SH SOLE 53100
Sylvan Inc COM 871371100 1375 136600 SH SOLE 136600
Symantec Corp COM 871503108 11028 651100 SH SOLE 150000 501100
Tandycrafts Inc. COM 875386104 420 192000 SH SOLE 192000
Technitrol COM 878555101 8925 387000 SH SOLE 9000 387000
The Pepsi Bottling Group COM 713409100 315 15000 SH SOLE 15000
Tokheim Corp COM 889073102 82 10420 SH SOLE 10420
Trans World Entertainment COM 89336q100 6046 549600 SH SOLE 549600
Trustco Bank Corp COM 898349105 538 21534 SH SOLE 21534
Tuscarora Inc COM 900902107 1461 124350 SH SOLE 124350
Urocor Inc. COM 91727p105 97 20000 SH SOLE 20000
VWR Scientific Products COM 918435108 1037 46100 SH SOLE 46100
Windmere Durable Holdings COM 973411101 420 60000 SH SOLE 60000
Worldtex Corp COM 981907108 542 289300 SH SOLE 289300
Xerox Corp COM 984121103 208 4000 SH SOLE 4000
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