<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: December 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: 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: John M. Stein
Title: President
Phone: (513) 241-6166
Signature, Place, and Date of Signing:
/s/John M. Stein Cincinnati, Ohio February 1, 2000
---------------- ---------------- ----------------
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: 58
-----
Form 13F Information Table Value Total: $116,603
--------
(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>
Allmerica Financial Corp. Common 019754100 $ 445 8,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
BankUnited Financial Corp-CL A Common 06652B103 $ 406 51,100 SH
- ----------------------------------------------------------------------------------------------------------------------------
Boston Private Financial Hldgs Inc. Common 101119105 $ 5,119 602,200 SH
- ----------------------------------------------------------------------------------------------------------------------------
Cendant Corp. Common 151313103 $ 1,488 56,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Fannie Mae Common 313586109 $ 999 16,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Financial Industries Corp Common 317574101 $ 999 99,890 SH
- ----------------------------------------------------------------------------------------------------------------------------
First Citizens Bancshares Inc Common 31946M103 $ 5,932 85,050 SH
- ----------------------------------------------------------------------------------------------------------------------------
Freddie Mac -- Voting Common 313400301 $ 1,035 22,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Golden State Bancorp Inc. Common 381197102 $ 518 30,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Hartford Financial Services Common 416515104 $ 474 10,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Hawthorne Financial Corp. Common 420542102 $ 3,579 286,354 SH
- ----------------------------------------------------------------------------------------------------------------------------
Intercontinental Life Corp Common 458593100 $ 1,276 137,950 SH
- ----------------------------------------------------------------------------------------------------------------------------
Intuit Inc. Common 461202103 $ 3,596 60,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Intuit Inc. Put 461202953 $ 3,596 60,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Jefferson Pilot Corp. Common 475070108 $ 546 8,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Life Financial Corp Common 53184P101 $ 2,482 620,525 SH
- ----------------------------------------------------------------------------------------------------------------------------
Local Financial Corp 144A Common 539553206 $ 2,957 285,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Local Financial Corp Common 539553305 $ 16,157 1,557,300 SH
- ----------------------------------------------------------------------------------------------------------------------------
Matrix Bancorp Inc. Common 576819106 $ 5,624 468,641 SH
- ----------------------------------------------------------------------------------------------------------------------------
Metrocorp Bancshares Inc. Common 591650106 $ 2,805 340,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Nationwide Financial Common 638612101 $ 1,117 40,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Reliastar Financial Corp. Common 75952U103 $ 470 12,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
SEI Investments Co. Common 784117103 $ 1,321 11,100 SH
- ----------------------------------------------------------------------------------------------------------------------------
Silicon Valley Bancshares Common 827064106 $ 1,188 24,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Sterling Financial Corp-Wash Common 859319105 $ 2,891 251,430 SH
- ----------------------------------------------------------------------------------------------------------------------------
Washington Mutual Inc. Common 939322103 $ 1,300 50,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Abbott Labs Common 002814100 $ 813 22,400 SH
- ----------------------------------------------------------------------------------------------------------------------------
Abercrombie & Fitch Co Cl A Common 002896207 $ 75 2,802 SH
- ----------------------------------------------------------------------------------------------------------------------------
Argonaut Group Incorporated Common 040157109 $ 203 10,300 SH
- ----------------------------------------------------------------------------------------------------------------------------
Associates First Capital Corp Common 046008108 $ 173 6,290 SH
- ----------------------------------------------------------------------------------------------------------------------------
Bank One Corporation Common 06423A103 $ 1,308 40,793 SH
- ----------------------------------------------------------------------------------------------------------------------------
Bristol-Meyers Squibb Corp Common 110122108 $ 616 9,600 SH
- ----------------------------------------------------------------------------------------------------------------------------
Charter One Financial Inc. Common 160903100 $ 991 51,834 SH
- ----------------------------------------------------------------------------------------------------------------------------
Broadwing Common 111620100 $ 612 16,600 SH
- ----------------------------------------------------------------------------------------------------------------------------
Cinergy Corporation Common 172474108 $ 347 14,400 SH
- ----------------------------------------------------------------------------------------------------------------------------
Convergys Corp. Common 212485106 $ 510 16,600 SH
- ----------------------------------------------------------------------------------------------------------------------------
Fifth Third Bancorp Common 3316773100 $ 1,880 25,650 SH
- ----------------------------------------------------------------------------------------------------------------------------
First Indiana Company Common 32054R108 $ 1,307 60,108 SH
- ----------------------------------------------------------------------------------------------------------------------------
Firstar Corporation Common 33763T104 $ 1,584 75,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
Ford Motor Company Common 345370100 $ 641 12,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
General Mills Incorporated Common 370334104 $ 1,073 30,000 SH
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
- ----------------------------------------------------------------------------------------------------------
Name of Issuer Investment Dis Oth Mgrs Sole Shared None
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Allmerica Financial Corp. Sole 8,000 - -
- ----------------------------------------------------------------------------------------------------------
BankUnited Financial Corp-CL A Sole 51,100 - -
- ----------------------------------------------------------------------------------------------------------
Boston Private Financial Hldgs Inc. Sole 602,200 - -
- ----------------------------------------------------------------------------------------------------------
Cendant Corp. Sole 56,000 - -
- ----------------------------------------------------------------------------------------------------------
Fannie Mae Sole 16,000 - -
- ----------------------------------------------------------------------------------------------------------
Financial Industries Corp Sole 99,890 - -
- ----------------------------------------------------------------------------------------------------------
First Citizens Bancshares Inc Sole 85,050 - -
- ----------------------------------------------------------------------------------------------------------
Freddie Mac -- Voting Sole 22,000 - -
- ----------------------------------------------------------------------------------------------------------
Golden State Bancorp Inc. Sole 30,000 - -
- ----------------------------------------------------------------------------------------------------------
Hartford Financial Services Sole 10,000 - -
- ----------------------------------------------------------------------------------------------------------
Hawthorne Financial Corp. Sole 286,354 - -
- ----------------------------------------------------------------------------------------------------------
Intercontinental Life Corp Sole 137,950 - -
- ----------------------------------------------------------------------------------------------------------
Intuit Inc. Sole 60,000 - -
- ----------------------------------------------------------------------------------------------------------
Intuit Inc. Sole 60,000 - -
- ----------------------------------------------------------------------------------------------------------
Jefferson Pilot Corp. Sole 8,000 - -
- ----------------------------------------------------------------------------------------------------------
Life Financial Corp Sole 620,525 - -
- ----------------------------------------------------------------------------------------------------------
Local Financial Corp 144A Sole 285,000 - -
- ----------------------------------------------------------------------------------------------------------
Local Financial Corp Sole 1,557,300 - -
- ----------------------------------------------------------------------------------------------------------
Matrix Bancorp Inc. Sole 468,641 - -
- ----------------------------------------------------------------------------------------------------------
Metrocorp Bancshares Inc. Sole 340,000 - -
- ----------------------------------------------------------------------------------------------------------
Nationwide Financial Sole 40,000 - -
- ----------------------------------------------------------------------------------------------------------
Reliastar Financial Corp. Sole 12,000 - -
- ----------------------------------------------------------------------------------------------------------
SEI Investments Co. Sole 11,100 - -
- ----------------------------------------------------------------------------------------------------------
Silicon Valley Bancshares Sole 24,000 - -
- ----------------------------------------------------------------------------------------------------------
Sterling Financial Corp-Wash Sole 251,430 - -
- ----------------------------------------------------------------------------------------------------------
Washington Mutual Inc. Sole 50,000 - -
- ----------------------------------------------------------------------------------------------------------
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 51,834 - -
- ----------------------------------------------------------------------------------------------------------
Broadwing Sole 16,600 - -
- ----------------------------------------------------------------------------------------------------------
Cinergy Corporation Sole 14,400 - -
- ----------------------------------------------------------------------------------------------------------
Convergys Corp. Sole 16,600 - -
- ----------------------------------------------------------------------------------------------------------
Fifth Third Bancorp Sole 25,650 - -
- ----------------------------------------------------------------------------------------------------------
First Indiana Company Sole 60,108 - -
- ----------------------------------------------------------------------------------------------------------
Firstar Corporation Sole 75,000 - -
- ----------------------------------------------------------------------------------------------------------
Ford Motor Company Sole 12,000 - -
- ----------------------------------------------------------------------------------------------------------
General Mills Incorporated Sole 30,000 - -
- ----------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------
Huntington Bancshares, Inc. Common 446150104 $ 2,252 94,567 SH
- ----------------------------------------------------------------------------------------------------------------------
Miller Herman Inc. Common 600544100 $ 2,753 120,000 SH
- ----------------------------------------------------------------------------------------------------------------------
Keycorp Common 493267108 $ 575 26,000 SH
- ----------------------------------------------------------------------------------------------------------------------
Eli Lilly & Company Common 532457108 $ 2,838 42,680 SH
- ----------------------------------------------------------------------------------------------------------------------
Office Depot Incorporated Common 676220106 $ 410 37,500 SH
- ----------------------------------------------------------------------------------------------------------------------
PNC Bank Corporation Common 693475105 $ 1,068 24,000 SH
- ----------------------------------------------------------------------------------------------------------------------
Sears, Roebuck & Company Common 812387108 $ 374 12,300 SH
- ----------------------------------------------------------------------------------------------------------------------
Too, Inc. Common 890333107 $ 253 14,642 SH
- ----------------------------------------------------------------------------------------------------------------------
The Limited Incorporated Common 532716107 $ 4,440 102,500 SH
- ----------------------------------------------------------------------------------------------------------------------
Unitrin Incorporated Common 913275103 $ 1,028 27,316 SH
- ----------------------------------------------------------------------------------------------------------------------
Ventas Inc. Common 92276F100 $ 235 56,000 SH
- ----------------------------------------------------------------------------------------------------------------------
X-Rite Inc. Common 983857103 $ 735 120,000 SH
- ----------------------------------------------------------------------------------------------------------------------
Superior Financial Corp Common 86861100 $ 6,091 547,500 SH
- ----------------------------------------------------------------------------------------------------------------------
East West Bancorp Common 27579R104 $ 1,430 125,000 SH
- ----------------------------------------------------------------------------------------------------------------------
Gateway American Common 367569100 $ 563 150,000 SH
- ----------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Common 90262T100 $ 7,951 386,667 SH
- ----------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Common 90262T308 $ 3,598 175,000 SH
- ----------------------------------------------------------------------------------------------------------------------
$ 116,603 7,640,589
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
Huntington Bancshares, Inc. Sole 94,567 - -
- -----------------------------------------------------------------------------------------------------------------------
Miller Herman Inc. 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 - -
- -----------------------------------------------------------------------------------------------------------------------
Too, Inc. Sole 14,642 - -
- -----------------------------------------------------------------------------------------------------------------------
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 547,500 - -
- -----------------------------------------------------------------------------------------------------------------------
East West Bancorp Sole 125,000 - -
- -----------------------------------------------------------------------------------------------------------------------
Gateway American Sole 150,000 - -
- -----------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Sole 386,667 - -
- -----------------------------------------------------------------------------------------------------------------------
UCBH Holdings, Inc. Sole 175,000 - -
- -----------------------------------------------------------------------------------------------------------------------
7,640,589 - -
</TABLE>
