<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: SEFTON CAPITAL MANAGEMENT
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Address: 2550 FIFTH AVENUE
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SUITE 808
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SAN DIEGO, CA 92103
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Form 13F File Number: 28-6584
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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: LANI CAPOSSERE
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Title: VICE PRESIDENT - COO
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Phone: 619 239-5600
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Signature, Place, and Date of Signing:
/s/ LANI CAPOSSERE SAN DIEGO, CA 8-10-99
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[Signature] [City, State] [Date]
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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-6584 SEFTON CAPITAL MANAGEMENT
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[Repeat as necessary.]
<PAGE>
Sefton Capital Management
As of 06/30/99
<TABLE>
<CAPTION>
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FORM 13F
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<S> <C> <C> <C> <C> <C> <C> <C>
Name of Title of CUSIP Fair Shares of Inv. Discretion Managers Voting Authority
Issuer Class Number Market Value Principal Amt Sole(a) (Shares) Sole (A)
ABBOTT LABORATORIES Stock 002824100 1,388,475 30,600 30,600 30,600
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ADVO, INCORPORATED Stock 007585102 249,000 12,000 12,000 12,000
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ALABAMA NATIONAL Stock 010317105 240,000 9,600 9,600 9,600
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ALBERTSONS INCORPORATED Stock 013104104 794,063 15,400 15,400 15,400
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ALLSTATE CORPORATION Stock 020002101 1,119,300 31,200 31,200 31,200
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AMERADA HESS Stock 023551104 719,950 12,100 12,100 12,100
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AMERIPATH INC Stock 03071D109 172,500 20,000 20,000 20,000
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ANALYTICAL SURVEYS, INCORPORATED Stock 032683302 248,750 10,000 10,000 10,000
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ARROW ELECTRONICS Stock 042735100 988,000 52,000 52,000 52,000
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ASTORIA FINANCIAL Stock 046265104 685,425 15,600 15,600 15,600
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AMERICAN TELEPHONE & TELEGRAPH Stock 001957109 1,437,172 25,750 25,750 25,750
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AVISTA CORPORATION Stock 05379B107 390,000 24,000 24,000 24,000
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BANK OF THE OZARKS Stock 063904106 230,188 12,700 12,700 12,700
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BANK ONE CORPORATION Stock 06423A103 1,107,863 18,600 18,600 18,600
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BANKAMERICA CORP Stock 06605F102 1,466,250 20,000 20,000 20,000
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BARR LABORATORIES Stock 068306109 199,375 5,000 5,000 5,000
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BAXTER INTERNATIONAL Stock 071813109 909,375 15,000 15,000 15,000
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BEDFORD PROPERTY INVESTORS Stock 076446301 446,875 25,000 25,000 25,000
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BELL ATLANTIC CORPORATION Stock 077853109 1,745,513 26,700 26,700 26,700
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BENIHANA CLASS A Stock 082047200 108,763 7,700 7,700 7,700
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BJ's WHOLESALE Stock 05548J106 1,235,569 41,100 41,100 41,100
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BORG-WARNER AUTOMOTIVE Stock 099724106 825,000 15,000 15,000 15,000
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BRISTOL-MYERS SQUIBB COMPANY Stock 110122108 717,938 10,500 10,500 10,500
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BURLINGTON COAT FACTORY Stock 121579106 386,250 20,000 20,000 20,000
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BURLINGTON NORTHERN RAILROAD Stock 12189T104 886,600 28,600 28,600 28,600
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CAMERON ASHLEY BUILDING PRODUCTS Stock 133290106 391,406 37,500 37,500 37,500
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CARRAMERICA REALTY Stock 144418100 922,500 36,900 36,900 36,900
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CENTRAL HUDSON GAS & ELECTRIC Stock 153609102 310,800 7,400 7,400 7,400
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CHASE MANHATTAN BANK CORPORATION Stock 16161A108 951,500 11,000 11,000 11,000
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CIGNA Stock 125509109 783,200 8,800 8,800 8,800
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CITATION CORP Stock 172895104 414,413 25,800 25,800 25,800
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Sub-total 22,472,013
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</TABLE>
<PAGE>
Sefton Capital Management
As of 06/30/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FORM 13F
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Name of Title of CUSIP Fair Shares of Inv. Discretion Managers Voting Authority
Issuer Class Number Market Value Principal Amt Sole(a) (Shares) Sole (A)
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER SCIENCES Stock 205363104 996,300 14,400 14,400 14,400
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CONOCO Stock 208251306 724,750 26,000 26,000 26,000
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COORS (ADOLPH) Stock 217016104 792,000 16,000 16,000 16,000
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DANA CORPORATION Stock 235811106 1,437,150 31,200 31,200 31,200
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DILLARDS INC. Stock 254067101 930,813 26,500 26,500 26,500
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DREW INDUSTRIES Stock 26168L205 172,375 14,000 14,000 14,000
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EASTGROUP PROPERTIES Stock 277270104 421,313 21,000 21,000 21,000
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EMERSON ELECTRIC COMPANY Stock 291011104 969,238 15,400 15,400 15,400
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ENERGEN CORPORATION Stock 29265N108 335,250 18,000 18,000 18,000
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EXXON CORPORATION Stock 302290101 1,442,238 18,700 18,700 18,700
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FEDERAL NATIONAL MORTGAGE ASSOCIATIO Stock 313586109 1,228,500 18,000 18,000 18,000
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FERRO CORPORATION Stock 315405100 96,250 3,500 3,500 3,500
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FIRST ESSEX BANCORP Stock 320103104 440,375 27,100 27,100 27,100
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FIRSTENERGY CORPORATION Stock 337932107 1,289,600 41,600 41,600 41,600
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FLEET FINANCIAL GROUP, INCORPORATED Stock 338915101 665,625 15,000 15,000 15,000
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FMC Stock 302491303 683,125 10,000 10,000 10,000
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FNB CORPORATION Stock 302520101 226,800 8,400 8,400 8,400
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FOOD LION - CLASS B Stock 344775101 959,688 83,000 83,000 83,000
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FORT JAMES CORPORATION Stock 347471104 939,300 24,800 24,800 24,800
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GARDEN FRESH RESTAURANT Stock 365235100 300,000 16,000 16,000 16,000
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GPU INC Stock 36225X100 1,063,125 25,200 25,200 25,200
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GREAT ATLANTIC & PACIFIC TEA COMPANY Stock 390064103 311,075 9,200 9,200 9,200
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GTECH HOLDINGS Stock 400518106 282,750 12,000 12,000 12,000
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HARLEYSVILLE GROUP Stock 412824104 205,000 10,000 10,000 10,000
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HARRAH'S ENTERTAINMENT Stock 413619107 1,394,350 63,200 63,200 63,200
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HELLER FINANCIAL Stock 423328103 890,000 32,000 32,000 32,000
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HEWLETT PACKARD COMPANY COMMON Stock 428236103 1,105,500 11,000 11,000 11,000
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HIGHWOODS PROPERTIES Stock 431284108 716,119 26,100 26,100 26,100
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HOUSEHOLD INTERNATIONAL Stock 441815107 947,500 20,000 20,000 20,000
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HUBBEL INC. - CLASS A Stock 443510102 398,750 10,000 10,000 10,000
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HUBBEL INC. - CLASS B Stock 443510201 453,750 10,000 10,000 10,000
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Sub-total 22,818,609
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</TABLE>
<PAGE>
Sefton Capital Management
As of 06/30/99
<TABLE>
<CAPTION>
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FORM 13F
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Name of Title of CUSIP Fair Shares of Inv. Discretion Managers Voting Authority
Issuer Class Number Market Value Principal Amt Sole(a) (Shares) Sole (A)
- ------------------------------------------------------------------------------------------------------------------------------------
HUSSMAN INTERNATIONAL Stock 448110106 265,000 16,000 16,000 16,000
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INTERNATIONAL BUSINESS MACHINES Stock 459200101 1,861,200 14,400 14,400 14,400
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INDEPENDENT BANK CORPORATION Stock 453838104 225,875 13,000 13,000 13,000
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INTEL CORPORATION Stock 458140100 1,106,700 18,600 18,600 18,600
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JP REALTY INCORPORATED Stock 46624A106 267,313 13,000 13,000 13,000
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KEYCORP NEW Stock 493267108 382,288 11,900 11,900 11,900
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KNIGHT RIDDER INC Stock 499040103 908,531 16,500 16,500 16,500
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LIBBEY Stock 529898108 290,000 10,000 10,000 10,000
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LIBERTY FINANCIAL Stock 530512102 495,125 17,000 17,000 17,000
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LITCHFIELD FINANCIAL Stock 536619109 220,188 13,000 13,000 13,000
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MARK IV INDUSTRIES Stock 570387100 523,900 24,800 24,800 24,800
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MASCOTECH INCORPORATED Stock 574670105 287,938 17,000 17,000 17,000
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MAXXIM MEDICAL Stock 57777G105 291,406 12,500 12,500 12,500
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MAY DEPARTMENT STORES Stock 577778103 817,500 20,000 20,000 20,000
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MCN ENERGY GROUP Stock 55267J100 840,375 40,500 40,500 40,500
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MEAD INSTRUMENTS Stock 583062104 258,750 15,000 15,000 15,000
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MERCHANTS BANCSHARES Stock 588448100 204,750 9,000 9,000 9,000
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MERCK & COMPANY, INCORPORATED Stock 589331107 1,200,088 16,300 16,300 16,300
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MERKERT AMERICAN Stock 590080107 237,500 25,000 25,000 25,000
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MIDCOAST ENERGY RESOURCES Stock 59563W104 403,125 25,000 25,000 25,000
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NATIONAL DENTEX Stock 63563H109 241,500 14,000 14,000 14,000
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NATIONWIDE FINANCIAL SERVICES Stock 638612101 995,500 22,000 22,000 22,000
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NUI CORPORATION Stock 629430109 300,000 12,000 12,000 12,000
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NEW YORK TIMES Stock 650111107 1,104,375 30,000 30,000 30,000
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OWENS ILLINOIS INCORPORATED Stock 690768403 791,038 24,200 24,200 24,200
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PACIFIC GULF PROPERTIES Stock 694396102 226,250 10,000 10,000 10,000
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PAN PACIFIC RETAIL PROPERTIES Stock 69806L104 193,750 10,000 10,000 10,000
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PHARMACIA & UPJOHN Stock 716941109 948,769 16,700 16,700 16,700
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PHILLIP MORRIS COMPANIES, INCORPORAT Stock 718154107 643,000 16,000 16,000 16,000
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PIER 1 IMPORTS Stock 720279108 281,250 25,000 25,000 25,000
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PIONEER STANDARD ELECTRONICS Stock 723877106 420,000 35,000 35,000 35,000
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Sub-total 17,232,984
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</TABLE>
<PAGE>
Sefton Capital Management
As of 06/30/99
<TABLE>
<CAPTION>
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FORM 13F
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<S> <C> <C> <C> <C> <C> <C> <C>
Name of Title of CUSIP Fair Shares of Inv. Discretion Managers Voting Authority
Issuer Class Number Market Value Principal Amt Sole(a) (Shares) Sole (A)
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PNC BANK Stock 693475105 1,210,125 21,000 21,000 21,000
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PPG INDUSTRIES, INCORPORATED Stock 693506107 791,438 13,400 13,400 13,400
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PRIMEX TECHNOLOGIES Stock 741597108 323,438 15,000 15,000 15,000
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RACING CHAMPIONS CORP. Stock 750069106 251,250 15,000 15,000 15,000
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RAILTEX Stock 750766107 346,875 25,000 25,000 25,000
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REYNOLDS & REYNOLDS Stock 761695105 746,000 32,000 32,000 32,000
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RFS HOTEL INVESTMENTS INCORPORATED Stock 74955J108 251,250 20,000 20,000 20,000
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ROLLINS TRUCK LEASING Stock 775741101 345,988 31,100 31,100 31,100
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ROYAL CARIBBEAN Stock V7780T103 1,032,500 23,600 23,600 23,600
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RYDER SYSTEM Stock 783549108 515,000 20,000 20,000 20,000
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SARA LEE CORPORATION Stock 803111103 993,713 43,800 43,800 43,800
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SCHULMAN (A) INCORPORATED Stock 808194104 189,063 11,000 11,000 11,000
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SCP POOL CORPORATION Stock 784028102 147,188 7,500 7,500 7,500
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SHELL TRANSPORT Stock 822703609 1,525,738 32,900 32,900 32,900
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SMART MODULAR TECHNOLOGIES Stock 831690102 173,750 10,000 10,000 10,000
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STANDARD PRODUCTS Stock 853836104 381,813 14,900 14,900 14,900
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STERLING SOFTWARE Stock 859547101 576,338 21,800 21,800 21,800
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SUIZA FOODS CORPORATION Stock 865077101 1,059,438 25,300 25,300 25,300
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SUPERIOR INDUSTIES Stock 868168105 327,750 12,000 12,000 12,000
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SUPREME INDUSTRIES Stock 868607102 282,391 29,150 29,150 29,150
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SYNTHETIC INDUSTRIES Stock 871914107 182,900 6,200 6,200 6,200
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TEXACO INCORPORATED Stock 881694103 1,284,925 20,600 20,600 20,600
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THOMAS & BETTS CO. Stock 884315102 978,075 20,700 20,700 20,700
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TRICO BANCSHARES Stock 896095106 297,850 16,100 16,100 16,100
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TRINET CORPORATE REALTY TRUST Stock 896287109 443,000 16,000 16,000 16,000
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TROPICAL SPORTSWEAR INTL. Stock 89708P102 382,500 12,000 12,000 12,000
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US WEST INC Stock 91273H101 1,392,375 23,700 23,700 23,700
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USX-MARATHON GROUP Stock 902905827 761,963 23,400 23,400 23,400
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VIASAT Stock 92552V100 112,500 10,000 10,000 10,000
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WARNACO GROUP Stock 934390105 968,350 36,200 36,200 36,200
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WASHINGTON MUTUAL Stock 939322103 938,850 26,400 26,400 26,400
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Sub-total 19,214,334
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</TABLE>
<PAGE>
Sefton Capital Management
As of 06/30/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
FORM 13F
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Name of Title of CUSIP Fair Shares of Inv. Discretion Managers Voting Authority
Issuer Class Number Market Value Principal Amt Sole(a) (Shares) Sole (A)
WASTE MANAGEMENT INCORPORATED Stock 94106L109 860,000 16,000 16,000 16,000
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WILLIS LEASE FINANCE Stock 970646105 236,531 14,500 14,500 14,500
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WORLD COLOR PRESS Stock 981443104 385,000 14,000 14,000 14,000
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WORLD FUEL SERVICES Stock 981475106 411,525 27,900 27,900 27,900
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XEROX CORPORATION Stock 984121103 1,033,594 17,500 17,500 17,500
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Sub-total 2,926,650
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Totals 84,664,590 2,597,900 2,597,900 2,597,900
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</TABLE>
