<PAGE> 1
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OMB APPROVAL
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OMB Number: 3235-0006
UNITED STATES Expires: February 28, 1997
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
WASHINGTON, D.C. 20549 hours per response.... 24.60
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SEC USE ONLY
FORM 13F ----------------------------
----------------------------
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended December 31, 2000.
--------------------------------------------------------------------------------
(Please read instructions before preparing form.)
--------------------------------------------------------------------------------
If amended report check here: / /
SENECA CAPITAL MANAGEMENT LLC
--------------------------------------------------------------------------------
Name of Institutional Investment Manager
909 MONTGOMERY STREET, SUITE 500 SAN FRANCISCO CA 94133
--------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
SANDRA J. MONTICELLI 415-486-6505 CHIEF OPERATING OFFICER
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Name, Phone No., and Title of Person Duly Authorized to Submit this Report.
------------------------------ATTENTION-----------------------------------------
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).
--------------------------------------------------------------------------------
The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of San Francisco and State of California on the 2nd
day of January, 2001.
SENECA CAPITAL MANAGEMENT LLC
------------------------------------------
(Name of Institutional Investment Manager)
/s/ Sandra J. Monticelli
------------------------------------------
(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
<TABLE>
<CAPTION>
Name: 13F File No.: Name: 13F File No.:
------------------------------------ ------------- ------------------------------------ -------------
<S> <C> <C> <C>
1. SENECA CAPITAL MANAGEMENT LLC 28-6450 6.
------------------------------------ ------------- ------------------------------------ -------------
2. PHOENIX INVESTMENT PARTNERS, LTD 7.
------------------------------------ ------------- ------------------------------------ -------------
3. PHOENIX HOME LIFE MUTUAL INS. CO. 8.
------------------------------------ ------------- ------------------------------------ -------------
4. 9.
------------------------------------ ------------- ------------------------------------ -------------
5. 10.
------------------------------------ ------------- ------------------------------------ -------------
</TABLE>
SEC 1685 (5/91)
Copyright (C) 1992. NRS Systems, Inc. (Portions of Software Only)
<PAGE> 2
Seneca Capital Management LLC
FORM 13F
4Q 13F Seneca
December 31, 2000
<TABLE>
<CAPTION>
Voting Authority
Title ----------------
of Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer 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>
Ace Limited COM G0070K103 68113 1605030 SH Defined 1605030
Actuate Corp COM 00508B102 2460 128640 SH Defined 128640
Adolph Coors Cl B COM 217016104 58956 734080 SH Defined 734080
Advanced Fibre Communications COM 00754A105 612 33870 SH Defined 33870
Agile Software Corp-Del COM 00846X105 30396 615610 SH Defined 615610
Allergan Inc COM 018490102 109383 1129840 SH Defined 1129840
America Online Inc - DEL COM 02364J104 28229 811610 SH Defined 811610
American Express Co COM 025816109 94542 1720908 SH Defined 1720908
American International Group I COM 026874107 103701 1052132 SH Defined 1052132
American Tower Corp Cl A COM 029912201 8440 222850 SH Defined 222850
Anheuser Busch Cos Inc. COM 035229103 43660 959552 SH Defined 959552
Automatic Data Processing Inc COM 053015103 23741 374975 SH Defined 374975
Bank Of Amer Corp COM 060505104 1101 24000 SH Defined 24000
Bed Bath & Beyond Inc COM 075896100 89169 3985210 SH Defined 3985210
Boeing Co COM 097023105 53954 817485 SH Defined 817485
CAl Dive International Inc COM 127914109 3279 123170 SH Defined 123170
CVS Corp COM 126650100 97963 1634420 SH Defined 1634420
Capital One Financial Corp COM 14040H105 113876 1730310 SH Defined 1730310
Charles Schwab Corp New COM 808513105 25887 912333 SH Defined 912333
Chartered Semiconductor Mfg LT COM 16133R106 30163 1143619 SH Defined 1143619
Chase Manhattan Corp New COM 16161A108 545 12000 SH Defined 12000
Cisco Systems Inc COM 17275R102 69538 1817990 SH Defined 1817990
Citigroup Inc COM 172967101 89471 1752189 SH Defined 1752189
Clear Channels Communications COM 184502102 45821 945990 SH Defined 945990
</TABLE>
<PAGE> 3
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Coca Cola Co COM 191216100 67216 1103030 SH Defined 1103030
Colgate-Palmolive Co COM 194162103 8158 126427 SH Defined 126427
Comcast Corp Special Cl A COM 200300200 19282 461840 SH Defined 461840
Comverse Technology Inc New COM 205862402 15566 143300 SH Defined 143300
Concord Camera Corp. COM 206156101 2313 140170 SH Defined 140170
Convergys Corp COM 212485106 110468 2437910 SH Defined 2437910
Corning Inc COM 219350105 56790 1075318 SH Defined 1075318
Crown Castle Int'l Corp COM 228227104 100190 3702175 SH Defined 3702175
Diamond Offshore Drilling Inc COM 25271C102 79140 1978495 SH Defined 1978495
Dynegy Inc-CL A COM 26816Q101 115534 2060810 SH Defined 2060810
E M C Corp Mass COM 268648102 65233 980940 SH Defined 980940
Echostar Communications Corp N COM 278762109 55791 2452362 SH Defined 2452362
El Paso Energy Corp COM 283905107 104888 1464398 SH Defined 1464398
Emerson Electric Co COM 291011104 13673 173490 SH Defined 173490
Emulex Corp COM 292475209 11703 146400 SH Defined 146400
Enron Corp COM 293561106 4000 48120 SH Defined 48120
Entercom Communications Corp COM 293639100 2403 69790 SH Defined 69790
Extreme Networks Inc COM 30226D106 75982 1942040 SH Defined 1942040
Exxon Mobil Corp COM 30231G102 22522 259062 SH Defined 259062
Fairchild Semicon Intl CL A COM 303726103 33079 2291220 SH Defined 2291220
Federal Nat'l Mtge COM 313586109 66117 762160 SH Defined 762160
Flextronics International Ltd COM Y2573F102 7828 274663 SH Defined 274663
Forest Labs Inc COM 345838106 93213 701510 SH Defined 701510
Garmin LTD COM G37260109 2157 109210 SH Defined 109210
General Electric Co COM 369604103 103725 2163748 SH Defined 2163748
General Motors Corp Class H COM 370442832 71739 3119085 SH Defined 3119085
Grant Prideco Inc COM 38821G101 1514 69020 SH Defined 69020
HCA - The Healthcare Company COM 404119109 95601 2172750 SH Defined 2172750
Halliburton Company COM 406216101 93907 2590541 SH Defined 2590541
Hershey Foods Corp COM 427866108 92264 1433220 SH Defined 1433220
Home Depot Inc COM 437076102 50509 1105530 SH Defined 1105530
Human Genome Sciences Inc COM 444903108 12650 182500 SH Defined 182500
IDEC Pharmaceuticals Corp COM 449370105 36244 191200 SH Defined 191200
Immunex Corp New COM 452528102 77482 1907260 SH Defined 1907260
Infinity Broadcasting Corp - C COM 45662S102 424 15166 SH Defined 15166
</TABLE>
<PAGE> 4
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Infocus Corp COM 45665B106 1045 70860 SH Defined 70860
Inrange Technologies Corp COM 45769V206 1952 115250 SH Defined 115250
Intel Corp COM 458140100 56423 1876850 SH Defined 1876850
Interlink Electronics Inc COM 458751104 2472 194835 SH Defined 194835
International Business Machine COM 459200101 7946 93482 SH Defined 93482
International Rectifier Corp COM 460254105 38173 1272430 SH Defined 1272430
Intuit Inc COM 461202103 15818 401100 SH Defined 401100
JDS Uniphase Corp COM 46612J101 21526 516366 SH Defined 516366
JNI Corp COM 46622G105 24514 1080510 SH Defined 1080510
Johnson & Johnson COM 478160104 3168 30150 SH Defined 30150
Keithley Instruments Inc COM 487584104 2136 49600 SH Defined 49600
Key Energy Services Inc COM 492914106 3279 314150 SH Defined 314150
Laboratory Corp Of Amer Hldgs COM 50540R409 87924 499570 SH Defined 499570
Lifepoint Hospitals Inc COM 53219L109 3228 64390 SH Defined 64390
Lilly (Eli) & Co COM 532457108 4509 48450 SH Defined 48450
Limited Inc COM 532716107 13048 764700 SH Defined 764700
Linens N Things Inc COM 535679104 9754 353100 SH Defined 353100
MBNA Corp COM 55262L100 19599 530595 SH Defined 530595
MGIC Investment Corp COM 552848103 105261 1560870 SH Defined 1560870
McData Corporation COM 580031102 30146 550620 SH Defined 550620
Medimmune Inc COM 584699102 5485 115015 SH Defined 115015
Medtronic Inc COM 585055106 507 8400 SH Defined 8400
Mellon Financial Corp COM 58551A108 72228 1468420 SH Defined 1468420
Merck & Co COM 589331107 90398 965535 SH Defined 965535
Mercury Interactive Corp COM 589405109 119708 1326402 SH Defined 1326402
Mettler-Toledo Intl Inc COM 592688105 3799 69870 SH Defined 69870
Microsoft Corp COM 594918104 53608 1235908 SH Defined 1235908
Morgan Stanley Dean Witter & C COM 617446448 217 2740 SH Defined 2740
NDS Group Plc-Spons ADR COM 628891103 45120 826000 SH Defined 826000
Nabors Industries COM 629568106 107819 1823580 SH Defined 1823580
Nextel Communications Inc Cl A COM 65332V103 41140 1662219 SH Defined 1662219
Nextel Partners Inc-Cl A COM 65333F107 42269 2514170 SH Defined 2514170
Nokia Corp - Spon ADR COM 654902204 30972 712010 SH Defined 712010
Nortel Networks Corp COM 656568102 2248 70101 SH Defined 70101
Oracle Corp COM 68389X105 33056 1137420 SH Defined 1137420
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Oshkosh Truck Corp COM 688239201 1671 37970 SH Defined 37970
Outback Steakhouse, Inc. COM 689899102 8741 337820 SH Defined 337820
P.F. Changs China Bistro Inc COM 69333Y108 2238 71200 SH Defined 71200
PMC-Sierra Inc COM 69344F106 22206 282430 SH Defined 282430
Palm Inc COM 696642107 30666 1083130 SH Defined 1083130
Perkinelmer Inc COM 714046109 92587 881780 SH Defined 881780
Pfizer Inc COM 717081103 90799 1973881 SH Defined 1973881
Pivotal Corp COM 72581R106 2171 58580 SH Defined 58580
Pope & Talbot Inc COM 732827100 3305 196590 SH Defined 196590
Powerwave Technologies Inc COM 739363109 111050 1898290 SH Defined 1898290
Precision Drilling Corp. COM 74022D100 2844 75720 SH Defined 75720
Procter & Gamble Co COM 742718109 76759 978600 SH Defined 978600
S & P Depository Receipt COM 78462F103 394 3000 SH Defined 3000
SBC Communications Inc COM 78387G103 5158 108020 SH Defined 108020
SDL Inc COM 784076101 2764 18650 SH Defined 18650
SPX Corp COM 784635104 101750 940500 SH Defined 940500
Sandisk Corp COM 80004C101 10641 382600 SH Defined 382600
Santa Fe International Corp COM G7805C108 63173 1970293 SH Defined 1970293
Sawtek Inc COM 805468105 23541 509690 SH Defined 509690
Schlumberger LTD COM 806857108 4240 53046 SH Defined 53046
Scientific-Atlanta Inc COM 808655104 81881 2514570 SH Defined 2514570
Shaw Group Inc COM 820280105 50870 1017410 SH Defined 1017410
Southern Energy Inc COM 842816100 76727 2710000 SH Defined 2710000
Southwest Airlines COM 844741108 55424 1654460 SH Defined 1654460
Specialty Laboratories Inc COM 84749R100 1191 35950 SH Defined 35950
Spectrasite Holdings Inc COM 84760T100 32298 2437620 SH Defined 2437620
Sun Microsystems Inc COM 866810104 45999 1650184 SH Defined 1650184
Talbots Inc COM 874161102 9383 205660 SH Defined 205660
Teekay Shipping Corp COM Y8564W103 3103 81650 SH Defined 81650
Tenet Healthcare Corporation COM 88033G100 96037 2161180 SH Defined 2161180
Texas Instruments Inc COM 882508104 532 11220 SH Defined 11220
The PMI Group Inc COM 69344M101 3189 47110 SH Defined 47110
Transwitch Corp COM 894065101 56577 1446050 SH Defined 1446050
Tycom LTD COM G9144B106 32702 1461550 SH Defined 1461550
UTI Energy COM 903387108 4192 127510 SH Defined 127510
</TABLE>
<PAGE> 6
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ulticom Inc COM 903844108 2630 77210 SH Defined 77210
Universal Health Svcs Inc CLas COM 913903100 22708 203200 SH Defined 203200
Valero Energy Corp COM 91913Y100 34887 938130 SH Defined 938130
Valuevision Intl Inc - CL A COM 92047K107 1736 137510 SH Defined 137510
Veritas Software Corp COM 923436109 1377 15725 SH Defined 15725
Vicor Corp COM 925815102 3297 108550 SH Defined 108550
Walmart Stores Inc COM 931142103 87239 1642144 SH Defined 1642144
Waters Corp COM 941848103 22048 264050 SH Defined 264050
Weatherford International COM 947074100 112899 2389390 SH Defined 2389390
Xilinx Inc COM 983919101 5821 126210 SH Defined 126210
Equity Residential cv7 1/4 Ser 29476l859 249 10000 SH Defined 10000
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
REPORT SUMMARY 140 DATA RECORDS 5564497 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
<PAGE> 7
Seneca Capital Management LLC
STOCK PORTFOLIO
GE Investments Real Estate Securities Funds, Inc. (1lovreit)
December 31, 2000
<TABLE>
<CAPTION>
Unit Total Market Pct. Cur.
Quantity Security Cost Cost Price Value Assets Yield
-------- -------- ---- ---- ----- ----- ------ -----
SPECIAL SITUATIONS
------------------
<S> <C> <C> <C> <C> <C> <C> <C>
359500 Allied Riser Communications Corp 5.58 2004701.25 2.03 730234.37 1.4 0
80597 Archstone Communities Trust 22.3 1797644.22 25.75 2075372.75 3.9 6.4
63500 Arden Realty Group Inc. 26.51 1683235 25.12 1595437.5 3 7.4
34660 Avalon Bay Communities, Inc. 36.95 1280834.06 50.12 1737339.02 3.2 4.5
262800 Bay View Capital Corp 7.72 2030017.87 6.25 1642500 3.1 0
82450 Bedford Property Investors 18.53 1527849.7 20.25 1669612.5 3.1 8.9
71000 Chateau Properties Inc. 28.57 2028317.5 30.44 2161062.5 4 6.8
70000 Duke Realty 24.16 1691076 24.62 1723750 3.2 7
88200 Equity Office Properties 27.88 2458724 32.62 2877525 5.4 5.5
51600 Equity Residential Properties 43.71 2255482.04 55.31 2854125 5.3 5.9
57450 Essex Property Trust Inc. 30.48 1750985.12 54.75 3145387.5 5.9 4.5
36200 Freddie Mac 41.77 1512184.5 68.87 2493275 4.6 1
36800 General Growth Properties 32.63 1200883 36.19 1331700 2.5 5.9
10000 Glenborough Realty Trust Inc. 16.56 165600 17.37 173750 0.3 7.4
120050 Glenborough Realty Trust Pf. A 19.42 2331914.5 16.87 2025843.75 3.8 11.4
109810 Istar Financial Inc 21.53 2363908.02 19.69 2161884.37 4 12.2
78500 Macerich Co 25.49 2001267.53 19.19 1506218.75 2.8 11
79900 Mack-Cali Realty Corp. 28.67 2291112.75 28.56 2282143.75 4.3 8.5
73500 Manufactured Home Communities Inc. 19.99 1469059.25 29 2131500 4 5.7
105000 Northstar Financial 16.16 1696875 13 1365000 2.5 0
56600 Philip Morris Companies Inc 28.83 1631537 44 2490400 4.6 4.8
70500 Post Ppty Inc 37.14 2618341.5 37.56 2648156.25 4.9 6.3
41000 Reckson Associates Preferred A 23.42 960159.55 23.62 968625 1.8 8.1
67000 Reckson Assocs Realty Corp 24.14 1617260.75 25.06 1679187.5 3.1 0
</TABLE>
<PAGE> 8
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
111600 Simon Property Group, Inc. 26.11 2914389.04 24 2678400 5 8.4
12500 Spieker Properties Inc. 33.24 415442.8 50.12 626562.5 1.2 5.6
84200 Starwood Hotels & Resorts Worldwide Inc. 43.35 3650315.8 35.25 2968050 5.5 2
20000 United Dominion Rlty Tr. 9.62 192482 10.81 216250 0.4 0
37000 Vornado Realty Trust 34.78 1286720 38.31 1417562.5 2.6 5.5
-----------
50828319.76 53376855.52 99.5 5.7
</TABLE>
<TABLE>
<CAPTION>
COMMON STOCK - UNSUPERVISED ASSETS
----------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
10000 First Union Corp 25.93 259350 27.81 278125 0.5 6.8
-----------
259350 278125 0.5 6.8
-----------
TOTAL PORTFOLIO 51087669.76 53654980.52 100 5.7
===========
</TABLE>
<PAGE> 9
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: Dec. 31, 2000
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: Seneca Capital Management
Address: 909 Montgomery Street
<PAGE> 10
13F File Number: 28-
-------
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:
----------------------
Title:
----------------------
Phone:
----------------------
Signature, Place, and Date of Signing:
-------------------- --------------------- ---------------------
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
<PAGE> 11
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
<TABLE>
<S> <C>
Number of Other Included Managers:
Form 13F Information Table Entry Total: 82
Form 13F Information Table Value Total: $1,056,271
</TABLE>
List of Other Included Managers:
No. 13F File Number Name
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
TITLE VOTING AUTHORITY
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER
NAME OF ISSUER CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ------- --------- -------- -------- --- ---- ------- -------- ---- -------- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGILE SOFTWARE COM 00846X105 16873 341724 SH SOLE 341724
ALLERGAN INC COM 018490102 47891 494680 SH SOLE 494680
AMERICA ONLINE INC DEL COM 02364J104 424 12195 SH SOLE 12195
AMERICAN EXPRESS CO COM 025816109 1098 19978 SH SOLE 19978
AMERICAN INTL GROUP INC COM 026874107 1631 16548 SH SOLE 16548
ANHEUSER BUSCH COS INC COM 035229103 703 15451 SH SOLE 15451
</TABLE>
<PAGE> 12
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AUTOMATIC DATA PROCESSING INC COM 053015103 772 12191 SH SOLE 12191
BED BATH & BEYOND INC COM 075896100 34153 1526379 SH SOLE 1526379
BOEING COMPANY COM 097023105 851 12890 SH SOLE 12890
CVS CORP COM 126650100 1016 16943 SH SOLE 16943
CAPITAL ONE FINL CORP COM 14040H105 44372 674214 SH SOLE 674214
CHARTERED SEMICONDUCTORS COM 16133R106 11622 440638 SH SOLE 440638
CISCO SYSTEMS INC COM 17275R102 1192 31158 SH SOLE 31158
CITIGROUP INC COM 172967101 1441 28212 SH SOLE 28212
CLEAR CHANNEL COMMUNICATIONS COM 184502102 713 14718 SH SOLE 14718
COCA-COLA COMPANY COM 191216100 559 9179 SH SOLE 9179
COLGATE PALMOLIVE CO COM 194162103 677 10486 SH SOLE 10486
COMCAST CORP CL A SPL COM 200300200 275 6582 SH SOLE 6582
CONVERGYS CORP COM 212485106 37980 838182 SH SOLE 838182
COORS ADOLPH COMPANY CLASS B COM 217016104 21196 263920 SH SOLE 263920
CORNING INC COM 219350105 646 12227 SH SOLE 12227
CROWN CASTLE INTL CORP COM 228227104 29377 1085520 SH SOLE 1085520
DIAMOND OFFSHORE DRILLING INC COM 25271C102 628 15700 SH SOLE 15700
DYNEGY INC (NEW) CLASS A 26816Q101 41448 739319 SH SOLE 739319
EMC CORPORATION MASS COM 268648102 770 11579 SH SOLE 11579
ECHOSTAR COMMUNICATNS CORP NEW CL A 278762109 19099 839510 SH SOLE 839510
EL PASO ENERGY CORP DEL COM 283905107 1328 18541 SH SOLE 18541
EXTREME NETWORKS INC COM 30226D106 17635 450745 SH SOLE 450745
EXXON MOBIL CORP (NEW) COM 30231G102 821 9440 SH SOLE 9440
FAIRCHILD SEMICONDCTR INTL INC CLASS A 303726103 13376 926473 SH SOLE 926473
FEDERAL NATL MTG ASSN COM 313586109 433 4996 SH SOLE 4996
FOREST LABS INC CL A COM 345838106 40830 307284 SH SOLE 307284
GENERAL ELECTRIC CO COM 369604103 1668 34785 SH SOLE 34785
GENERAL MOTORS CORP CL H (NEW) COM 370442832 1076 46770 SH SOLE 46770
HCA - HEALTHCARE CO COM 404119109 1563 35524 SH SOLE 35524
HALLIBURTON CO COM 406216101 1156 31890 SH SOLE 31890
HERSHEY FOODS CORP COM 427866108 38968 605326 SH SOLE 605326
HOME DEPOT INC COM 437076102 585 12798 SH SOLE 12798
IDEC PHARMACEUTICALS CORP COM 449370105 9613 50714 SH SOLE 50714
IMMUNEX CORP (NEW) COM 452528102 860 21175 SH SOLE 21175
INTEL CORP COM 458140100 948 31529 SH SOLE 31529
</TABLE>
<PAGE> 13
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTERNATIONAL BUSINESS MACHINE COM 459200101 371 4363 SH SOLE 4363
INTERNATIONAL RECTIFIER COM 460254105 19029 634285 SH SOLE 634285
JDS UNIPHASE CORP COM 46612J101 203 4869 SH SOLE 4869
JNI CORP COM 46622G105 4690 206731 SH SOLE 206731
JOHNSON & JOHNSON COM 478160104 732 6970 SH SOLE 6970
LABORATORY CORP AMER HLDGS COM 50540R409 31358 178168 SH SOLE 178168
LILLY ELI & COMPANY COM 532457108 260 2789 SH SOLE 2789
MBNA CORP COM 55262L100 713 19306 SH SOLE 19306
MGIC INVESTMENT CORP COM 552848103 48666 721640 SH SOLE 721640
MCDATA CORPORATION COM 580031102 14678 268084 SH SOLE 268084
MELLON FINANCIAL CORP COM 58551A108 584 11869 SH SOLE 11869
MERCK & CO INC COM 589331107 955 10198 SH SOLE 10198
MERCURY INTERACTIVE CORP COM 589405109 33948 376153 SH SOLE 376153
MICROSOFT CORP COM 594918104 464 10688 SH SOLE 10688
NDS GROUP PLC ADS COM 628891103 17425 318986 SH SOLE 318986
NABORS INDUSTRIES INC COM 629568106 43166 729775 SH SOLE 729775
NEXTEL PARTNERS COM 65333F107 16121 958857 SH SOLE 958857
NOKIA CORP SPONSORED ADR COM 654902204 541 12442 SH SOLE 12442
ORACLE CORP COM 68389X105 350 12046 SH SOLE 12046
OUTBACK STEAKHOUSE INC COM 689899102 3617 139794 SH SOLE 139794
PMC-SIERRA INC COM 69344F106 288 3668 SH SOLE 3668
PERKIN ELMER INC COM 714046109 42911 408676 SH SOLE 408676
PFIZER INC COM 717081103 1232 26788 SH SOLE 26788
POWERWAVE TECHNOLOGIES INC COM 739363109 38742 662249 SH SOLE 662249
PROCTER & GAMBLE COMPANY COM 742718109 698 8903 SH SOLE 8903
SBC COMMUNICATIONS INC COM 78387G103 390 8171 SH SOLE 8171
SPX CORP COM 784635104 33900 313345 SH SOLE 313345
SCHWAB CHARLES CORP COM 808513105 1055 37174 SH SOLE 37174
SCIENTIFIC ATLANTA INC COM 808655104 17045 523464 SH SOLE 523464
SHAW GROUP INC COM 820280105 22353 447057 SH SOLE 447057
SOUTHERN ENERGY INC COM 842816100 7425 262260 SH SOLE 262260
SOUTHWEST AIRLINES CO COM 844741108 21499 641195 SH SOLE 641195
SPECTRASITE HOLDINGS INC COM 84760T100 8055 607915 SH SOLE 607915
SUN MICROSYSTEMS INC COM 866810104 1233 44216 SH SOLE 44216
TENET HEALTHCARE CORP COM 88033G100 51048 1148759 SH SOLE 1148759
</TABLE>
<PAGE> 14
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRANSWITCH CORPORATION COM 894065101 18918 483521 SH SOLE 483521
VALERO ENERGY CORP (NEW) COM 91913Y100 20967 563823 SH SOLE 563823
WAL MART STORES INC COM 931142103 1396 26277 SH SOLE 26277
WEATHERFORD INTL INC COM 947074100 40788 863235 SH SOLE 863235
ACE LTD ADR COM G0070K103 11102 261618 SH SOLE 261618
SANTA FE INTL CORP ORD COM G7805C108 29088 907217 SH SOLE 907217
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<TABLE>
<CAPTION>
NON VOTING VOTING
--------------------------- -------------------------
MARKET MARKET
SECURITY CUSIP SYMBOL UNITS COUNT VALUE UNITS COUNT VALUE
-------- ----- ------ ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ACE LIMITED ORD G0070K103 ACL 143 2 6,068 583 2 24,741
ADOLPH COORS CO CLASS B 217016104 RKY 92 2 7,389 314 2 25,218
AGILE SOFTWARE CORP DEL 00846X105 AGIL 82 2 4,049 449 2 22,169
AGILENT TECHNOLOGIES 00846U101 A 0 0 0 56 1 3,066
AKAMAI TECHNOLOGIES INC 00971T101 AKAM 0 0 0 19 1 400
ALLERGAN INC 18490102 AGN 123 2 11,908 446 2 43,178
ALLSTAR INNS INC 19889104 ALSTF 0 0 0 33 1 0
ALTERA CP 21441100 ALTR 0 0 0 130 1 3,421
AMERICA ONLINE INC 02364J104 AOL 23,695 408 824,598 113,933 2,169 3,964,940
AMERICAN EXPRESS CO 25816109 AXP 39,991 409 2,196,996 196,920 2,182 10,818,303
AMERICAN INTERNATIONAL GP 26874107 AIG 24,202 410 2,385,443 119,565 2,185 11,784,774
AMERICAN NEW PERSPECTIVE A 648018109 ANWPX 0 0 0 1 1 24
ANHEUSER BUSCH COS INC 35229103 BUD 16,338 386 743,480 83,968 2,019 3,821,014
APPLIED MICRO CIRCUITS CP 03822W109 AMCC 0 0 0 116 1 8,705
ARIBA INC 04033V104 ARBA 0 0 0 21 1 1,126
AUTOMATIC DATA PROCESSING INC 53015103 ADP 4,800 21 303,898 24,421 172 1,546,164
AVAYA INC 53499109 AV 0 0 0 23 1 237
BED BATH & BEYOND INC 75896100 BBBY 370 2 8,279 1,604 2 35,890
BOEING CO 97023105 BA 28,675 407 1,892,550 134,993 2,145 8,909,538
BROADCOM CORP CL A 111320107 BRCM 0 0 0 42 1 3,528
CAPITAL ONE FINANCIAL CORP 14040H105 COF 135 2 8,884 621 2 40,869
CELESTICA INC SUB VTG SHS 15101Q108 CLS 0 0 0 131 1 7,107
CHARLES SCHWAB NEW 808513105 SCH 8,838 21 250,782 49,869 170 1,415,044
CHARTERED SEMICONDUCTOR ADS 16133R106 CHRT 166 2 4,378 622 2 16,405
CHASE MANHATTAN CORP NEW 16161A108 CMB 0 0 0 142 1 6,452
CISCO SYS INC 17275R102 CSCO 46,867 405 1,792,699 229,265 2,152 8,769,640
CITIGROUP INC 172967101 C 43,169 409 2,204,332 216,677 2,185 11,064,135
CLARUS CORP 182707109 CLRS 0 0 0 40 1 280
CLEAR CHANNEL COMMUNICATION 184502102 CCU 29,443 406 1,426,160 144,118 2,153 6,980,760
CNET NETWORKS INC 12613R104 CNET 0 0 0 122 1 1,952
COCA COLA CO 191216100 KO 41,178 390 2,509,304 201,128 2,021 12,256,323
COLUMBIA/HCA HEALTHCARE CORP 197677107 COL -94 1 0 0 0 0
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
COMCAST SPL A 200300200 CMCSK 11,119 153 464,234 39,894 767 1,665,672
COMMERCE ONE (DEL) 200693109 CMRC 0 0 0 32 1 810
COMMONWEALTH ED 1.40 PREF CV 202795696 202795 0 0 0 1 1 0
CONTRONIC CORP 220799100 CTXO 42 1 646 4,000 1 0
CONVERGYS CORPORATION 212485106 CVG 232 2 10,513 904 2 40,962
CORNING INC 219350105 GLW 28,401 407 1,499,919 140,788 2,162 7,435,331
CROWN CASTLE INTL 228227104 TWRS 344 2 9,310 1,308 2 35,398
CVS CORPORATION 126650100 CVS 43,119 410 2,584,464 212,243 2,184 12,721,381
DIAMOND OFFSHORE DRILLING INC 25271C102 DO 52,114 390 2,084,560 253,041 2,023 10,121,640
DOUBLECLICK INC 258609304 DCLK 0 0 0 169 1 1,859
DUKE ENERGY CORP 264399106 DUK 0 0 0 207 3 17,647
DW REALTY INCOME PTNSHP 3 LP 24241G301 RTY3 0 0 0 4 1 0
DW SPECTRUM STRATEGIC 24191A908 24191A 0 0 0 339 1 3,590
DYNEGY INC (HLDG CO) CL A 26816Q101 DYN 187 2 10,484 651 2 36,496
ECHOSTAR COMM CORP CL A 278762109 DISH 383 2 8,713 1,099 2 25,002
EL PASO ENERGY CORP 283905107 EPG 42,374 410 3,035,066 209,389 2,181 14,997,640
ELI LILLY & CO 532457108 LLY 0 0 0 1,377 28 128,149
EMC CORP MASS 268648102 EMC 24,181 409 1,608,132 118,136 2,160 7,856,605
EXTREME NETWORKS INC 30226D106 EXTR 17,694 411 692,311 87,643 2,172 3,429,229
EXXON MOBIL CORP 30231G102 XOM 3,697 21 321,408 20,148 172 1,751,625
FAIRCHILD SEMICONDUCTOR CL A 303726103 FCS 187 2 2,700 999 2 14,423
FANNIE MAE 313586109 FNM 15,823 388 1,372,700 77,566 2,012 6,729,113
FARM ENERGY 30766L104 FECPF 0 0 0 2,000 1 0
FHLMC 1994 1720 A 7 1/2 7-15- 3133T5DC4 0 0 0 547 1 546
FLEXTRONICS INTL LTD Y2573F102 FLEX 0 0 0 240 1 6,840
FOREST LABORATORIES 345838106 FRX 87 2 11,561 300 2 39,863
FOUNDRY NETWORKS INC 35063R100 FDRY 0 0 0 65 1 975
GENERAL ELECTRIC CO 369604103 GE 67,364 408 3,229,265 335,097 2,182 16,063,788
GENERAL MOTORS CORP H (NEW) 370442832 GMH 76,803 405 1,766,469 384,726 2,141 8,848,698
GLOBAL CROSSING LTD G3921A100 GX 0 0 0 130 1 1,861
GOTO.COM INC 38348T107 GOTO 0 0 0 325 1 2,377
HALLIBURTON CO HLDG CO 406216101 HAL 62,676 410 2,272,070 310,816 2,181 11,267,356
HCA-THE HEALTHCARE CO 404119109 HCA 65,446 408 2,880,301 324,726 2,184 14,291,364
HERSHEY FOODS CORP 427866108 HSY 160 2 10,300 660 2 42,488
HOME DEPOT INC 437076102 HD 26,970 407 1,232,203 134,232 2,177 6,132,770
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
I D E C PHARMACEUTICALS 449370105 IDPH 23 2 4,360 73 3 13,838
IMMUNEX CORP NEW 452528102 IMNX 49,737 409 2,020,598 241,612 2,161 9,815,677
INTEL CORP 458140100 INTC 51,102 381 1,536,275 246,376 2,012 7,406,775
INTERNET INFRASTRUCTURES HLDRS 46059V104 IIH 0 0 0 50 1 1,106
INTL BUSINESS MACHINES CORP 459200101 IBM 1,110 14 94,350 7,011 109 595,935
INTL RECTIFIER 460254105 IRF 196 2 5,880 775 2 23,250
JDS UNIPHASE CORP 46612J101 JDSU 16,842 389 702,160 81,219 2,009 3,386,002
JNI CORP 46622G105 JNIC 0 0 0 541 2 12,274
JOHNSON & JOHNSON 478160104 JNJ 799 9 83,945 9,555 120 1,003,873
JUNIPER NETWORKS 48203R104 JNPR 0 0 0 15 1 1,891
LABORATORY CP AMER HLDGS NEW 50540R409 LH 47 2 8,272 200 2 35,200
LEVEL 3 COMMUNICATIONS INC 52729N100 LVLT 0 0 0 31 1 1,017
MBNA CORP 55262L100 KRB 6,711 20 247,887 40,892 170 1,510,451
MCDATA CORP CL B 580031102 MCDT 44 2 2,409 405 2 22,174
MELLON FINCL CORP 58551A108 MEL 51,098 392 2,513,392 250,626 2,035 12,327,736
MERCK & CO 589331107 MRK 26,420 409 2,473,591 130,750 2,185 12,241,640
MERCURY INTERACTIVE CORP 589405109 MERQ 10,530 391 950,416 51,038 2,017 4,606,616
MGIC INVT CORP 552848103 MTG 159 2 10,723 566 2 38,170
MICROSOFT CORP 594918104 MSFT 34,138 407 1,480,786 166,971 2,151 7,242,592
MORGAN STNLY DEAN WITTER & CO 617446448 MWD 0 0 0 73 1 5,785
MSDW AMERICAN OPPORTUNITIES B 616933206 AMOBX 0 0 0 7 1 231
NABORS INDS INC 629568106 NBR 175 2 10,351 634 2 37,502
NDS GROUP PLC ADS 628891103 NNDS 111 2 6,064 345 2 18,846
NETWORK APPLIANCE INC 64120L104 NTAP 0 0 0 54 1 3,466
NEXTEL COMMUNICATIONS INC CL A 65332V103 NXTL 41,356 381 1,023,600 198,001 1,945 4,900,770
NEXTEL PARTNERS INC CLASS A 65333F107 NXTP 367 2 6,170 1,290 2 21,688
NOKIA CP ADR 654902204 NOK 15,608 379 679,030 75,946 1,982 3,304,068
NORTEL NETWORKS CORP NEW 656568102 NT 0 0 0 54 1 1,731
ORACLE CORP 68389X105 ORCL 36,648 408 1,065,113 173,619 2,133 5,046,003
OUTBACK STEAKHOUSE 689899102 OSI 119 2 3,080 452 2 11,696
PALM INC 696642107 PALM 25,925 388 734,014 127,913 1,991 3,621,578
PERKIN ELMER INC 714046109 PKI 80 2 8,400 328 2 34,440
PFIZER INC 717081103 PFE 65,719 410 3,023,074 324,512 2,181 14,927,556
PMC SIERRA INC 69344F106 PMCS 8,808 389 692,563 43,220 2,010 3,398,349
POWERWAVE TECH INC 739363109 PWAV 141 2 8,249 824 2 48,204
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<PAGE> 18
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PROCTER & GAMBLE 742718109 PG 31,359 409 2,459,740 154,377 2,178 12,109,083
QUALCOMM INC 747525103 QCOM 0 0 0 274 1 22,519
REAL NETWORKS INC 75605L104 RNWK 0 0 0 99 1 860
RHAND INDS INC 761904101 RHANF 0 0 0 3,000 1 0
RHYTHMS NET CONNECTIONS 762430205 RTHM 0 0 0 354 1 398
SANTA FE INTERNATIONAL G7805C108 SDC 235 2 7,535 943 2 30,235
SBC COMMUNICATIONS 78387G103 SBC 6,883 383 328,704 34,251 1,992 1,635,706
SCIENTIFIC ATLANTA 808655104 SFA 35,320 404 1,150,138 171,456 2,141 5,583,151
SHAW GROUP INCORPORATED 820280105 SGR 88 2 4,400 462 2 23,100
SOUTHERN ENERGY INC 842816100 SOE 54,019 411 1,529,422 265,510 2,182 7,517,288
SOUTHWEST AIRLINES 844741108 LUV 180 2 6,036 746 2 25,013
SPX CP 784635104 SPW 101 2 10,927 353 2 38,190
STANDARD & POORS DEP RECPTS 78462F103 SPY 0 0 0 3,100 1 406,683
SUN MICROSYSTEMS INC 866810104 SUNW 37,271 407 1,038,969 187,387 2,169 5,223,684
SYCAMORE NETWORKS INC 871206108 SCMR 0 0 0 42 1 1,565
TELEBRASILEIRAS SA TELECOM ADR 879287100 879287 0 0 0 200 1 8
TENET HEALTHCARE CORP 88033G100 THC 268 2 11,909 997 2 44,304
TEXAS INSTRUMENTS 882508104 TXN 0 0 0 10 1 474
TMP WORLDWIDE INC 872941109 TMPW 0 0 0 93 1 5,115
TRANSWITCH CORP 894065101 TXCC 179 2 7,004 695 2 27,192
TRIARX GOLD CORPORATION 895940104 TRXGF 0 0 0 500 1 7
TYCO INTERNATIONAL LTD NEW 902124106 TYC 0 0 0 94 1 5,217
TYCOM LTD G9144B106 TCM 29,082 371 650,740 134,487 1,892 3,009,291
UNIT GSIF GOV GNMA $1PV G MPS 383743580 37,320 1 1,157 0 0 0
UNIT 1ST TR SPL COMMUN GWTH 4 30264V752 16,432 1 493 2 1 23
WAL MART STORES INC 931142103 WMT 43,490 410 2,310,442 212,946 2,176 11,312,951
WEATHERFORD INTL INC 947074100 WFT 249 2 11,765 915 2 43,234
WORLDCOM INC 98157D106 WCOM 0 0 0 128 1 1,800
YAHOO INC 984332106 YHOO 0 0 0 20 1 601
ZEBRA TECH CORP CL B 989207204 ZBRB 0 0 0 120 1 3,990
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