UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 13-F
FORM 13-F COVER PAGE
Report for the Quarter Ended: September 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: Zak Capital, Inc.
Address: 100 North Sixth Street
Suite 476-A
Minneapolis, MN 55403
13F File Number: 28-6872
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: Kathy A. Carlson
Title: V.P., Director of Portfolio Administration
Phone: 612-372-6449
Signature, Place, and Date of Signing:
Kathy A. Carlson Minneapolis, MN November 12, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
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: $589951
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS COM 000886101 7919 188840 SH SOLE 183940 4900
ALLIANT TECHSYSTEMS COM 018804104 8963 129320 SH SOLE 127220 2100
AMC ENTERTAINMENT COM 001669100 2797 200700 SH SOLE 200700
AMERICAN ITALIAN PASTA CO COM 027070101 23665 826725 SH SOLE 811125 15600
AMSOUTH BANCORP COM 218 9300 SH SOLE 9300
APPLIED POWER INC COM 038225108 19440 639985 SH SOLE 627685 12300
ARTISAN COMPONENTS INC COM 042923102 199 23100 SH SOLE 23100
AUTODESK INC COM COM 052769106 16880 771675 SH SOLE 756375 15300
AVIATION SALES COMPANY COM 053672101 1754 92300 SH SOLE 92300
BANK UNITED COM 065412108 2387 73720 SH SOLE 70420 3300
BIO LOGIC SYS CORP COM COM 090909102 152 20500 SH SOLE 20500
BISYS GROUP COM 055472104 15864 338215 SH SOLE 331415 6800
CLARIFY COM 180492100 4337 86210 SH SOLE 82410 3800
CNF TRANSPORTATION COM 12612W104 8968 240765 SH SOLE 234665 6100
DIAL CORPORATION COM 25247D101 12503 490300 SH SOLE 479700 10600
DRILL-QUIP INC. COM 262037104 6755 264900 SH SOLE 264900
ENDOSONICS CORP COM COM 29264K105 170 20000 SH SOLE 20000
EQUIFAX COM 294429105 4255 151285 SH SOLE 144685 6600
FINOVA GROUP INC COM COM 317928109 14579 399430 SH SOLE 392630 6800
FISERV INC COM COM 337738108 9851 303110 SH SOLE 299010 4100
FOREST LABS INC CL A COM 345838106 4353 103335 SH SOLE 100935 2400
GROUP 1 AUTOMOTIVE INC. COM 398905109 2340 127800 SH SOLE 127800
HCC INSURANCE HOLDINGS INC COM 404132102 8488 504875 SH SOLE 492075 12800
HEALTH MANAGEMENT COM 421933102 8896 1147850 SH SOLE 1126150 21700
HELLER FINANCIAL COM 423328103 10809 480380 SH SOLE 472780 7600
HILFIGER TOMMY CORP COM G8915Z102 5782 205130 SH SOLE 199030 6100
HNC SOFTWARE COM 40425P107 12076 304265 SH SOLE 298865 5400
INTERNATIONAL BUS MACH COM COM 459200101 206 1700 SH SOLE 1700
JD EDWARDS COM 281667105 16967 818940 SH SOLE 802640 16300
LITTELFUSE, INC. COM 537008104 11342 509745 SH SOLE 496545 13200
LORAL SPACE AND COMMUNICATIONS COM G56462107 7841 456180 SH SOLE 448180 8000
M&T BANK COM 55261F104 4724 10291 SH SOLE 10041 250
MONDAVI ROBERT CORP CL A COM 609200100 14411 383645 SH SOLE 376545 7100
MOOG INC COM 615394202 3093 107100 SH SOLE 107100
NATIONAL INSTRUMENTS COM 636518102 11721 331632 SH SOLE 322482 9150
NORTH FORK BANK COM 659424105 2934 150470 SH SOLE 143870 6600
OMNICARE COM 681904108 16081 1670715 SH SOLE 1639715 31000
ORBITAL SCIENCES COM 685564106 7054 403090 SH SOLE 395490 7600
ORTHODONTIC CTRS AMER COM COM 68750P103 24137 1384200 SH SOLE 1356800 27400
PAIRGAIN COM 237 18600 SH SOLE 18600
PEDIATRIX MEDICAL GROUP COM 705324101 18107 1305025 SH SOLE 1280225 24800
PEREGRINE SYSTEMS COM 71366Q101 14883 365230 SH SOLE 358530 6700
PIZZA INN INC NEW COM COM 725848105 172 46000 SH SOLE 46000
PROTECTIVE LIFE COM 743674103 9017 310940 SH SOLE 305240 5700
PROVINCE HEALTHCARE COM 743977100 2071 180100 SH SOLE 180100
RACING CHAMPIONS COM 750069106 2085 366600 SH SOLE 366600
RADIAN GROUP INC COM 750236101 14991 349130 SH SOLE 342030 7100
RESTORATION HARDWARE COM 760981100 1353 180400 SH SOLE 180400
ROBERT HALF INTERNATIONAL COM 770323103 8233 346670 SH SOLE 337070 9600
RSL COMMUNICATIONS CLS A COM G7702U102 26914 1474740 SH SOLE 1446140 28600
SIPEX COM 829909100 5320 371700 SH SOLE 371700
SOVEREIGN BANCORP COM 845905108 9028 992775 SH SOLE 976475 16300
STEEL DYNAMICS INC. COM 858119100 14930 951725 SH SOLE 932725 19000
STERLING COMMERC COM 859205106 6322 340577 SH SOLE 332177 8400
STEWART ENTERPRISES COM 860370105 6152 1014700 SH SOLE 996300 18400
SUNGUARD DATA SYSTEMS COM 867363103 7245 275350 SH SOLE 268150 7200
SYBRON INTL CORP COM COM 87114F106 11041 410830 SH SOLE 400230 10600
SYKES ENTERPRISES, INC. COM 871237103 14868 602245 SH SOLE 590645 11600
SYNOPSYS COM 871607107 17422 310245 SH SOLE 303645 6600
TCF FINANCIAL COM 872275102 7738 270900 SH SOLE 264300 6600
TOTAL RENAL CARE COM 89151A107 10515 1413800 SH SOLE 1391100 22700
US FOODSERVICE COM 90331R101 7750 430560 SH SOLE 418160 12400
WARNACO GROUP INC CL A COM 934390105 14199 778030 SH SOLE 762430 15600
WESLEY JESSEN COM 951018100 24445 783820 SH SOLE 766120 17700
</TABLE>
