<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Financial Stocks, Inc.
Address: 507 Carew Tower
441 Vine Street
Cincinnati, Ohio 45202
13F File Number: 28-6728
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: Steven N. Stein
Title: Chairman and Chief Executive Officer
Phone: (513) 241-6166
Signature, Place, and Date of Signing:
/s/ Steven N. Stein Cincinnati, Ohio July 26, 1999
- ------------------------------ ------------------ ---------------
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(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: N/A
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: -0-
--------
Form 13F Information Table Entry Total: 64
--------
Form 13F Information Table Value Total: $139,514
--------
(thousands)
List of Other Included Managers: None
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<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
- -----------------------------------------------------------------------------------------------------------------------------
Name of Issuer Title of Class CUSIP FMV (000's) Shares SH\PRN PUT\ CALL
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Arm Financial Group Inc. Common 001944107 $ 1,221 143,600 SH
- -----------------------------------------------------------------------------------------------------------------------------
BankUnited Financial Corp-CL A Common 06652B103 $ 6,583 683,900 SH
- -----------------------------------------------------------------------------------------------------------------------------
Boston Private Financial Hldgs Inc. Common 101119105 $ 4,517 602,200 SH
- -----------------------------------------------------------------------------------------------------------------------------
Bear Stearns Companies Inc Common 073902108 $ 2,571 55,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
First Citizens Bancshares Inc Common 31946M103 $ 7,691 95,250 SH
- -----------------------------------------------------------------------------------------------------------------------------
Fifth Third Bancorp Common 3316773100 $ 2,692 40,450 SH
- -----------------------------------------------------------------------------------------------------------------------------
Financial Industries Corp Common 317574101 $ 1,187 98,890 SH
- -----------------------------------------------------------------------------------------------------------------------------
First Republic Bank Common 336158100 $ 868 30,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Greenpoint Financial Corp. Common 395384100 $ 423 12,900 SH
- -----------------------------------------------------------------------------------------------------------------------------
Greenpoint Financial Corp. RSTD Common 9380460 $ 2,953 90,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Hawthorne Financial Corp. Common 420542102 $ 4,653 286,354 SH
- -----------------------------------------------------------------------------------------------------------------------------
Huntington Bancshares Common 446150104 $ 4,279 122,270 SH
- -----------------------------------------------------------------------------------------------------------------------------
Huntington Bancshares Call 446150904 $ 3,500 100,000 SH Call
- -----------------------------------------------------------------------------------------------------------------------------
Hudson United Bancorp Common 444165104 $ 919 30,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Intercontinental Life Corp Common 458593100 $ 1,284 136,950 SH
- -----------------------------------------------------------------------------------------------------------------------------
Independence Holding Co New Common 453440307 $ 121 10,295 SH
- -----------------------------------------------------------------------------------------------------------------------------
Jeffbanks, Inc. Common 472317106 $ 569 20,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Life Financial Corp Common 53184P101 $ 2,609 613,825 SH
- -----------------------------------------------------------------------------------------------------------------------------
Lincoln Bancorp-Ind Common 532879103 $ 1,741 140,700 SH
- -----------------------------------------------------------------------------------------------------------------------------
Local Financial Corp 144A Common 539553206 $ 2,850 285,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Local Financial Corp Common 539553305 $ 15,573 1,557,300 SH
- -----------------------------------------------------------------------------------------------------------------------------
Metrocorp Bancshares Inc. Common 591650106 $ 2,933 340,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Matrix Bancorp Inc. Common 576819106 $ 6,560 468,541 SH
- -----------------------------------------------------------------------------------------------------------------------------
Morgan Stanley Dean Witter Common 617446448 $ 1,845 18,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
National City Bancorp Common 635312101 $ 167 8,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
North Fork Bancorp Common 859319105 $ 2,131 100,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Knight/Trimark Group Inc. Common 499067106 $ 1,273 21,100 SH
- -----------------------------------------------------------------------------------------------------------------------------
Online Resources Common 69273G101 $ 400 29,500 SH
- -----------------------------------------------------------------------------------------------------------------------------
Prime Bancshares, Inc. Common 74157H108 $ 1,296 72,500 SH
- -----------------------------------------------------------------------------------------------------------------------------
Paine Webber Group, Inc. Common 695629105 $ 1,449 31,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Resource Bancshares Mortgage Common 761197102 $ 366 35,700 SH
- -----------------------------------------------------------------------------------------------------------------------------
SEI Investments Co Common 784117103 $ 883 10,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Stancorp Finl Group Common 852891100 $ 2,773 92,417 SH
- -----------------------------------------------------------------------------------------------------------------------------
Sterling Financial Corp-Wash Common 859319105 $ 3,471 251,330 SH
- -----------------------------------------------------------------------------------------------------------------------------
Washington Mutual Common 939322103 $ 1,061 30,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Abbott Labs Common 002814100 $ 1,002 22,400 SH
- -----------------------------------------------------------------------------------------------------------------------------
Abercrombie & Fitch Co Cl A Common 002896207 $ 134 2,802 SH
- -----------------------------------------------------------------------------------------------------------------------------
Argonaut Group Incorporated Common 040157109 $ 247 10,300 SH
- -----------------------------------------------------------------------------------------------------------------------------
Associates First Capital Corp Common 046008108 $ 269 6,290 SH
- -----------------------------------------------------------------------------------------------------------------------------
Bank One Corporation Common 06423A103 $ 2,440 40,793 SH
- -----------------------------------------------------------------------------------------------------------------------------
Bristol-Meyers Squibb Corp Common 110122108 $ 674 9,600 SH
- -----------------------------------------------------------------------------------------------------------------------------
Charter One Financial Inc. Common 160903100 $ 1,373 49,366 SH
- -----------------------------------------------------------------------------------------------------------------------------
Cincinnati Bell Incorporated Common 171870108 $ 414 16,600 SH
- -----------------------------------------------------------------------------------------------------------------------------
Cinergy Corporation Common 172474108 $ 456 14,400 SH
- -----------------------------------------------------------------------------------------------------------------------------
Convergys Corp. Common 212485106 $ 317 16,600 SH
- -----------------------------------------------------------------------------------------------------------------------------
First Indiana Company Common 32054R108 $ 1,307 60,108 SH
- -----------------------------------------------------------------------------------------------------------------------------
Firstar Corporation Common 33763T104 $ 2,100 75,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Ford Motor Company Common 345370100 $ 679 12,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
General Mills Incorporated Common 370334104 $ 1,206 15,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Miller Herman Incorporated Common 600544100 $ 2,520 120,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Keycorp Common 493267108 $ 855 26,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Eli Lilly & Company Common 532457108 $ 3,060 42,680 SH
- -----------------------------------------------------------------------------------------------------------------------------
Office Depot Incorporated Common 676220106 $ 837 37,500 SH
- -----------------------------------------------------------------------------------------------------------------------------
PNC Bank Corporation Common 693475105 $ 1,388 24,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Sears, Roebuck & Company Common 812387108 $ 553 12,300 SH
- -----------------------------------------------------------------------------------------------------------------------------
The Limited Incorporated Common 532716107 $ 4,619 102,500 SH
- -----------------------------------------------------------------------------------------------------------------------------
Unitrin Incorporated Common 913275103 $ 1,120 27,316 SH
- -----------------------------------------------------------------------------------------------------------------------------
Ventas Inc. Common 92276F100 $ 297 56,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
X-Rite Inc. Common 983857103 $ 773 120,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Superior Financial Corp Common 86861100 $ 3,438 312,500 SH
- -----------------------------------------------------------------------------------------------------------------------------
East West Bancorp Common 27579R104 $ 1,258 125,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
Gateway American Common 367569100 $ 694 150,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Common 90262T100 $ 6,936 386,667 SH
- -----------------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Common 90262T308 $ 3,140 175,000 SH
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------------------------------------------------------------------------------------------
Name of Issuer Investment Di Oth Mgrs Sole Shared None
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Arm Financial Group Inc. Sole 143,600 - -
- -----------------------------------------------------------------------------------------------------------
BankUnited Financial Corp-CL A Sole 683,900 - -
- -----------------------------------------------------------------------------------------------------------
Boston Private Financial Hldgs Inc. Sole 602,200 - -
- -----------------------------------------------------------------------------------------------------------
Bear Stearns Companies Inc Sole 55,000 - -
- -----------------------------------------------------------------------------------------------------------
First Citizens Bancshares Inc Sole 95,250 - -
- -----------------------------------------------------------------------------------------------------------
Fifth Third Bancorp Sole 40,450 - -
- -----------------------------------------------------------------------------------------------------------
Financial Industries Corp Sole 98,890 - -
- -----------------------------------------------------------------------------------------------------------
First Republic Bank Sole 30,000 - -
- -----------------------------------------------------------------------------------------------------------
Greenpoint Financial Corp. Sole 12,900 - -
- -----------------------------------------------------------------------------------------------------------
Greenpoint Financial Corp. RSTD Sole 90,000 - -
- -----------------------------------------------------------------------------------------------------------
Hawthorne Financial Corp. Sole 286,354 - -
- -----------------------------------------------------------------------------------------------------------
Huntington Bancshares Sole 122,270 - -
- -----------------------------------------------------------------------------------------------------------
Huntington Bancshares Sole 100,000 - -
- -----------------------------------------------------------------------------------------------------------
Hudson United Bancorp Sole 30,000 - -
- -----------------------------------------------------------------------------------------------------------
Intercontinental Life Corp Sole 136,950 - -
- -----------------------------------------------------------------------------------------------------------
Independence Holding Co New Sole 10,295 - -
- -----------------------------------------------------------------------------------------------------------
Jeffbanks, Inc. Sole 20,000 - -
- -----------------------------------------------------------------------------------------------------------
Life Financial Corp Sole 613,825 - -
- -----------------------------------------------------------------------------------------------------------
Lincoln Bancorp-Ind Sole 140,700 - -
- -----------------------------------------------------------------------------------------------------------
Local Financial Corp 144A Sole 285,000 - -
- -----------------------------------------------------------------------------------------------------------
Local Financial Corp Sole 1,557,300 - -
- -----------------------------------------------------------------------------------------------------------
Metrocorp Bancshares Inc. Sole 340,000 - -
- -----------------------------------------------------------------------------------------------------------
Matrix Bancorp Inc. Sole 468,541 - -
- -----------------------------------------------------------------------------------------------------------
Morgan Stanley Dean Witter Sole 18,000 - -
- -----------------------------------------------------------------------------------------------------------
National City Bancorp Sole 8,000 - -
- -----------------------------------------------------------------------------------------------------------
North Fork Bancorp Sole 100,000 - -
- -----------------------------------------------------------------------------------------------------------
Knight/Trimark Group Inc. Sole 21,100 - -
- -----------------------------------------------------------------------------------------------------------
Online Resources Sole 29,500 - -
- -----------------------------------------------------------------------------------------------------------
Prime Bancshares, Inc. Sole 72,500 - -
- -----------------------------------------------------------------------------------------------------------
Paine Webber Group, Inc. Sole 31,000 - -
- -----------------------------------------------------------------------------------------------------------
Resource Bancshares Mortgage Sole 35,700 - -
- -----------------------------------------------------------------------------------------------------------
SEI Investments Co Sole 10,000 - -
- -----------------------------------------------------------------------------------------------------------
Stancorp Finl Group Sole 92,417 - -
- -----------------------------------------------------------------------------------------------------------
Sterling Financial Corp-Wash Sole 251,330 - -
- -----------------------------------------------------------------------------------------------------------
Washington Mutual Sole 30,000 - -
- -----------------------------------------------------------------------------------------------------------
Abbott Labs Sole 22,400 - -
- -----------------------------------------------------------------------------------------------------------
Abercrombie & Fitch Co Cl A Sole 2,802 - -
- -----------------------------------------------------------------------------------------------------------
Argonaut Group Incorporated Sole 10,300 - -
- -----------------------------------------------------------------------------------------------------------
Associates First Capital Corp Sole 6,290 - -
- -----------------------------------------------------------------------------------------------------------
Bank One Corporation Sole 40,793 - -
- -----------------------------------------------------------------------------------------------------------
Bristol-Meyers Squibb Corp Sole 9,600 - -
- -----------------------------------------------------------------------------------------------------------
Charter One Financial Inc. Sole 49,366 - -
- -----------------------------------------------------------------------------------------------------------
Cincinnati Bell Incorporated Sole 16,600 - -
- -----------------------------------------------------------------------------------------------------------
Cinergy Corporation Sole 14,400 - -
- -----------------------------------------------------------------------------------------------------------
Convergys Corp. Sole 16,600 - -
- -----------------------------------------------------------------------------------------------------------
First Indiana Company Sole 60,108 - -
- -----------------------------------------------------------------------------------------------------------
Firstar Corporation Sole 75,000 - -
- -----------------------------------------------------------------------------------------------------------
Ford Motor Company Sole 12,000 - -
- -----------------------------------------------------------------------------------------------------------
General Mills Incorporated Sole 15,000 - -
- -----------------------------------------------------------------------------------------------------------
Miller Herman Incorporated Sole 120,000 - -
- -----------------------------------------------------------------------------------------------------------
Keycorp Sole 26,000 - -
- -----------------------------------------------------------------------------------------------------------
Eli Lilly & Company Sole 42,680 - -
- -----------------------------------------------------------------------------------------------------------
Office Depot Incorporated Sole 37,500 - -
- -----------------------------------------------------------------------------------------------------------
PNC Bank Corporation Sole 24,000 - -
- -----------------------------------------------------------------------------------------------------------
Sears, Roebuck & Company Sole 12,300 - -
- -----------------------------------------------------------------------------------------------------------
The Limited Incorporated Sole 102,500 - -
- -----------------------------------------------------------------------------------------------------------
Unitrin Incorporated Sole 27,316 - -
- -----------------------------------------------------------------------------------------------------------
Ventas Inc. Sole 56,000 - -
- -----------------------------------------------------------------------------------------------------------
X-Rite Inc. Sole 120,000 - -
- -----------------------------------------------------------------------------------------------------------
Superior Financial Corp Sole 312,500 - -
- -----------------------------------------------------------------------------------------------------------
East West Bancorp Sole 125,000 - -
- -----------------------------------------------------------------------------------------------------------
Gateway American Sole 150,000 - -
- -----------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Sole 386,667 - -
- -----------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Sole 175,000 - -
- -----------------------------------------------------------------------------------------------------------
</TABLE>
