Form 13F
Report for the Calendar Year or Quarter Ended: 6/30/99
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: 169
Form 13F Informational Table Value Total: $443,105,000
List of Ohter Included Managers:
No. 13F File Number Name
<TABLE>
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>
3DFX Interactive Inc COM 88553x103 1587 101597 SH SOLE 101597
Abbott Laboratories COM 002824100 1311 28900 SH SOLE 28900
Act Manufacturing COM 000973107 4350 310700 SH SOLE 86800 223900
Advanced Technical Products, I COM 007548100 375 28700 SH SOLE 28700
Albany Intl 'A' COM 012348108 1212 57717 SH SOLE 57717
Amer Business Prod COM 024763104 633 41500 SH SOLE 41500
Amer Precision Indus COM 029069101 2717 252700 SH SOLE 252700
Amer Woodmark COM 030506109 9218 261500 SH SOLE 60000 201500
Ameri Credit Corp COM 03060r101 483 30200 SH SOLE 30200
Angelica Corp COM 034663104 4066 230700 SH SOLE 6000 230700
Apogee Enterprises COM 037598109 1446 107600 SH SOLE 107600
Applied Graphics Technologies COM 037937109 136 10800 SH SOLE 10800
Avid Technology COM 05367p100 7746 480400 SH SOLE 50000 430400
BHA Group'A' COM 055446108 1409 170811 SH SOLE 170811
BMC Industries Inc COM 055607105 111 10800 SH SOLE 10800
Bacou USA Inc COM 056439102 382 22400 SH SOLE 22400
Baldwin Technology'A' COM 058264102 3974 1353000 SH SOLE 249000 1104000
Baxter International COM 071813109 527 8700 SH SOLE 8700
Bel Fuse Cl B COM 077347300 650 25000 SH SOLE 20000 5000
Bell Atlantic Corp COM 077853109 327 5000 SH SOLE 5000
Blair Corp COM 092828102 1255 46600 SH SOLE 46600
Bogen Communications Intl COM 097189104 448 69600 SH SOLE 69600
Brush Wellman COM 117421107 5470 301800 SH SOLE 301800
C & D Technologies COM 124661109 26457 863900 SH SOLE 40900 823000
CMC Industries COM 125708107 3117 457500 SH SOLE 100000 357500
CPAC Inc COM 126145101 822 98100 SH SOLE 98100
CSS Industries COM 125906107 7214 256500 SH SOLE 256500
Carlisle Cos COM 142339100 5804 120600 SH SOLE 120600
Central Garden & Pet COM 153527106 1441 140600 SH SOLE 140600
Champion Enterprises COM 158496109 587 31500 SH SOLE 31500
Chartwell Re COM 16139w109 371 19900 SH SOLE 19900
Chemfab Corp COM 16361l102 2981 163900 SH SOLE 163900
Cold Metal Products COM 192861102 550 204800 SH SOLE 204800
Colgate-Palmolive COM 194162103 1517 30800 SH SOLE 30800
Columbus McKinnon Corp. COM 199333105 8215 342300 SH SOLE 10000 342300
Comdisco Inc. COM 200336105 246 9600 SH SOLE 9600
Concorde Camera COM 206156101 788 150100 SH SOLE 150100
Crane Co COM 224399105 8986 285850 SH SOLE 285850
DII Group COM 232949107 6045 162000 SH SOLE 50000 112000
Dentsply Intl COM 249030107 253 8750 SH SOLE 8750
Diageo PLC Sponsored ADR COM 25243q205 215 5000 SH SOLE 5000
Donnelly Corp Cl'A' COM 257870105 2078 131400 SH SOLE 131400
Electro Rent COM 285218103 3793 352800 SH SOLE 40000 312800
Ellis Perry Intl COM 288853104 254 19000 SH SOLE 19000
Enesco Group Inc COM 292973104 4678 202300 SH SOLE 202300
Ensco International Inc. COM 26874q100 246 12350 SH SOLE 12350
Esterline Technologies COM 297425100 1711 119000 SH SOLE 119000
Expert Software COM 302131107 252 97200 SH SOLE 97200
Farr Co COM 311648109 1776 161450 SH SOLE 161450
Fibermark Inc COM 315646109 5097 386500 SH SOLE 386500
First Aviation Services COM 31865w108 147 26800 SH SOLE 26800
Friedman's Inc'A' COM 358438109 1858 213900 SH SOLE 213900
Furon Co COM 361106107 2808 147800 SH SOLE 147800
General Electric COM 369604103 1268 11220 SH SOLE 11220
Genicom Corp COM 372282103 639 386100 SH SOLE 282900 103200
Gerber Scientific COM 373730100 5911 267900 SH SOLE 267900
Gillette Co COM 375766102 820 20000 SH SOLE 20000
Guilford Mills COM 401794102 326 31400 SH SOLE 31400
Hadco Corp COM 404681108 1192 30000 SH SOLE 30000
Hardinge Inc. COM 412324303 515 29300 SH SOLE 29300
Harmon Indus COM 413136102 1938 97800 SH SOLE 97800
Hastings Entmt Inc. COM 418365102 977 85000 SH SOLE 50000 35000
Haverty Furniture Co COM 419596101 1703 48300 SH SOLE 48300
Hawk Corp Cl A COM 420089104 3097 351400 SH SOLE 20000 351400
Healthcare Svcs COM 421906108 816 83700 SH SOLE 83700
Heilig-Meyers COM 422893107 856 125600 SH SOLE 32200 93400
Heinz (H.J.) COM 423074103 251 5000 SH SOLE 5000
Helen of Troy COM g4388n106 5858 326600 SH SOLE 70000 256600
Hewlett-Packard COM 428236103 1306 13000 SH SOLE 13000
Hollinger Intl Cl A COM 435569108 153 12900 SH SOLE 12900
Hunt Mfg COM 445591100 1627 197200 SH SOLE 197200
Hussman International Inc. COM 448110106 414 25000 SH SOLE 25000
ICH Corp COM 44926l200 146 10000 SH SOLE 10000 10000
ICT Group Inc COM 44929y101 918 183600 SH SOLE 183600
Information Resources COM 456905108 850 97200 SH SOLE 97200
Intel Corp COM 458140100 595 10000 SH SOLE 10000
Intl Business Machines COM 459200101 491 3800 SH SOLE 3800
Jabil Circuit COM 466313103 8511 188600 SH SOLE 188600
Johnson & Johnson COM 478160104 3949 40300 SH SOLE 40300
Jos.A. Bank Clothiers COM 480838101 4387 688100 SH SOLE 177800 510300
K-Tron Intl COM 482730108 3620 205400 SH SOLE 205400
Katy Inds COM 486026107 1046 80500 SH SOLE 80500
Kentucky Electric Steel COM 49127b100 141 41800 SH SOLE 41800
Lifetime Hoan Corp COM 531926103 334 36600 SH SOLE 36600
Longs Drug Stores Corp COM 543162101 691 20000 SH SOLE 20000
Lydall Inc COM 550819106 3729 324300 SH SOLE 40000 324300
Macneal-Schwendler Corp COM 554806109 116 20000 SH SOLE 20000
Mark IV Industries COM 570387100 13280 628620 SH SOLE 30000 628620
Matlack Systems COM 576901102 78 14800 SH SOLE 14800
Mattel, Inc COM 577081102 2267 86780 SH SOLE 86780
Maxxim Medical COM 57777g105 12948 555400 SH SOLE 40000 515400
Mazel Stores COM 578792103 339 31200 SH SOLE 31200
McNaughton Apparel Group COM 582524104 88 10500 SH SOLE 10500
Media 100 Inc COM 58440w105 818 161600 SH SOLE 120000 41600
Medtronic Inc. COM 585055106 234 3000 SH SOLE 3000
Merck & Co COM 589331107 2097 28480 SH SOLE 28480
Merix Corp COM 590049102 2265 297100 SH SOLE 120000 177100
Merrill Corp COM 590175105 786 54200 SH SOLE 42700 11500
Mestek Inc COM 590829107 2664 121100 SH SOLE 121100
Microsemi Corp COM 595137100 2677 285500 SH SOLE 285500
Microwave Power Devices COM 59517m103 2003 130300 SH SOLE 58700 71600
Monro Muffler Brake COM 610236101 5744 718044 SH SOLE 38270 718044
Musicland Stores COM 62758b109 760 80000 SH SOLE 20000 60000
Myers Inds Inc COM 628464109 740 37000 SH SOLE 37000
Nash Finch Co COM 631158102 1901 188300 SH SOLE 188300
Nashua Corp COM 631226107 446 45200 SH SOLE 45200
Neomagic Corp COM 640497103 867 103100 SH SOLE 50000 53100
Newell Rubbermaid COM 651229106 464 10000 SH SOLE 10000
O'Sullivan Industries Hldg COM 688609106 7934 466700 SH SOLE 70000 396700
Oneida Ltd COM 682505102 7678 273000 SH SOLE 273000
Optika Inc COM 683973101 297 52800 SH SOLE 52800 52800
Patrick Indus COM 703343103 723 46300 SH SOLE 46300
Penn Engr & Mfg COM 707389300 7315 325100 SH SOLE 325100
PepsiCo Inc COM 713448108 836 21607 SH SOLE 21607
Perceptron COM 71361f100 373 81700 SH SOLE 81700
Philips Electronics NV COM 718337504 464 4600 SH SOLE 4600
Pier 1 Imports Inc COM 720279108 911 81000 SH SOLE 30000 51000
Pinnacle Systems COM 723481107 13106 389778 SH SOLE 48262 341516
Platinum Technology COM 72764t101 7662 263073 SH SOLE 60000 203073
Plexus Corp COM 729132100 301 10000 SH SOLE 10000
PrimeSource Corp COM 741593107 1835 299600 SH SOLE 5500 299600
Printronix Inc COM 742578107 2185 156100 SH SOLE 156100
Procter & Gamble COM 742718109 973 10900 SH SOLE 10900
R & B Inc COM 749124103 1453 176100 SH SOLE 176100
Remedy Corp COM 759548100 218 8100 SH SOLE 8100
RemedyTemp Inc - Cl A COM 759549108 2469 182900 SH SOLE 182900
Richardson Electr COM 763165107 1873 275000 SH SOLE 10000 275000
Rite Aid COM 767754104 6889 279750 SH SOLE 279750
Robertson-Ceco Corp COM 770539203 1736 175800 SH SOLE 175800
Rogers Corp COM 775133101 6174 209300 SH SOLE 209300
Rogue Wave Software Inc COM 775369101 912 99900 SH SOLE 20000 79900
Rohn Inds COM 775381106 259 188200 SH SOLE 188200
Roy F Weston Cl A COM 961137106 237 79000 SH SOLE 79000
Russ Berrie & Co COM 782233100 562 22700 SH SOLE 22700
S3 Inc COM 784849101 273 30000 SH SOLE 30000
SED Intl Holdings COM 784109100 554 233200 SH SOLE 90900 142300
Safety 1st Inc COM 786475103 280 47600 SH SOLE 47600
Salton Inc COM 795757103 10925 218500 SH SOLE 41600 176900
Sanmina Corp COM 800907107 4370 57600 SH SOLE 9000 48600
Sbarro Inc. COM 805844107 1359 50200 SH SOLE 50200
Schawk Inc COM 806373106 442 49500 SH SOLE 49500
Scotsman Industries COM 809340102 7635 354100 SH SOLE 50000 304100
Scott Technologies Inc COM 810022301 7323 380400 SH SOLE 380400
Seamed Co. COM 81218q100 2430 206800 SH SOLE 71800 135000
Sears,Roebuck COM 812387108 446 10000 SH SOLE 10000
Shopko Stores COM 824911101 10910 298900 SH SOLE 50000 248900
Sizzler International COM 830139101 265 118000 SH SOLE 118000
Smart Modular Tecnologies COM 831690102 9363 538900 SH SOLE 90000 448900
Spectrum Control COM 847615101 2081 284600 SH SOLE 284600
Stage Stores Inc. COM 85254c107 130 20000 SH SOLE 20000
Sterile Recoveries COM 859151102 875 75300 SH SOLE 64300 11000
Sterling Commerce COM 859205106 1470 40000 SH SOLE 40000
Supreme Industries Inc,Cl.A COM 868607102 636 65700 SH SOLE 65700
Sybase Inc. COM 871130100 222 20200 SH SOLE 20200
Sylvan Inc COM 871371100 1597 137400 SH SOLE 137400
Symantec Corp COM 871503108 16886 662200 SH SOLE 150000 512200
Tandycrafts Inc. COM 875386104 676 186600 SH SOLE 186600
Technitrol COM 878555101 11404 353600 SH SOLE 9000 353600
Tokheim Corp COM 889073102 119 10420 SH SOLE 10420
Trans World Entertainment COM 89336q100 7938 705600 SH SOLE 60000 645600
Trustco Bank Corp COM 898349105 471 17534 SH SOLE 17534
Tuscarora Inc COM 900902107 1783 131450 SH SOLE 131450
Unitrode Corp COM 913283107 270 9400 SH SOLE 9400
Urocor Inc. COM 91727p105 373 76000 SH SOLE 76000
Via Soft Inc. COM 925520102 87 25000 SH SOLE 25000 25000
Waste Mgmt COM 94106l109 210 3912 SH SOLE 3912
Windmere Durable Holdings COM 973411101 337 20000 SH SOLE 20000
Worldtex Corp COM 981907108 551 232100 SH SOLE 232100
Xerox Corp COM 984121103 236 4000 SH SOLE 4000
</TABLE>