UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Quarter ended: September 30, 1999
Not an amendment.
Institutional Investment Manager Filing this Report:
Name: Horizon Asset Management, Inc.
Address: 342 Madison Avenue
Suite 702
New York, N.Y. 10173
13F File Number: 28-6986
The institutional investment manager filing this report; and 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: Andrew M. Fishman
Title: Director of Compliance and General Counsel
Phone: 212-499-7739
Signature, Place, and Date of Signing:
Andrew M. Fishman
New York, New York
November 5, 1999
Report Type: 13F HOLDINGS REPORT
List of Other Managers Reporting for this Manager: none
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Report Summary:
Number of Other Included Managers: none
Form 13F Information Table Entry Total: 131
Form Information Table Value Total: $183,840,712
<TABLE>
<C> <S> <S>
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE
SHARES INV. DISCRET.
MARKET SHARES DISC
ABBOTT LABORATORIES -
common-
002824100-
6065040
165314
Sole
ACCENT COLOR SCIENCES INC -
common-
004305108-
32465
75500
Sole
ALBERTSONS INC-
common-
265073
6700
sole
ALLIANCE CAP MGMT L P UNIT LTD PARTNERSHIP-
Common-
381388
13900
sole
AMERICAN COUNTRY HOLDINGS INC-
Common-
35156
25000
sole
AMERICAN EXPRESS CO -
common-
025816109-
6561270
48602
Sole
AMERICAN HOME PRODS CORP-
common-
026609107-
6085644
146642
Sole
AMER INTL GROUP INC-
common-
026874107-
7766875
89338
Sole
APPLIED MATERIALS-
common-
038222105-
489435
6300
Sole
ARTESIAN RES CORP CL A-
Common
043113208
325000
13000
sole
ASSOCIATED GRP INC CL A -
common-
045651106-
2374929
39255
Sole
ASSOCIATES FIRST CAP CORP CL A-
common-
046008108
396000
11000
sole
AT & T CORP LIBERTY MEDIA GROUP -
common-
001957208-
802678
21512
Sole
ATLANTIC RICHFIELD CO-
common-
048825103-
692606
7815
Sole
AUTOMATIC DATA PROCESSING INC -
common-
053015103-
1004064
22500
Sole
BANK AMER CORP -
common-
060505104-
442218
7941
Sole
BANK OF NEW YORK INC-
common-
064057102-
1855810
55500
Sole
BARRA INC-
common-
068313105-
2631804
125324
Sole
BECTON DICKINSON & CO-
common-
075887109-
415332
14800
Sole
BELL ATLANTIC CORP -
common-
077853111-
310717
4616
Sole
BERKSHIRE HATHAWAY INC DEL CL B -
common-
084670207-
10482688
5648
Sole
BOEING CO -
common-
097023105-
549692
12896
Sole
BOYKIN LODGING CO-
Common-
103430104
213325
16100
sole
BP AMOCO P L C SPONSORED ADR-
common-
055622104-
426408
3848
Sole
BRISTOL MYERS SQUIBB -
common-
110122108-
5727848
84857
Sole
C S C HLDINGS INC 8.50% SER I PFD
Preferred
126304203
1354692
12500
sole
CADBURY SCHWEPPES PLC ADR-
common-
127209302-
562066
20300
Sole
CBS CORP-
common-
12490K107-
319403
6906
Sole
C-CUBE MICROSYSTEMS INC CONV 5.875% 11/01/05
Preferred
125015AA5
231650
205000
sole
CENDANT CORP PFD 7.500% CONV
Preferred
151313301
716401
24650
sole
CHEVRON CORP-
common-
166751107-
381625
4300
Sole
CHOICEPOINT INC -
common-
170388102-
367533
5455
Sole
CINCINNATI FINANCIAL CORP-
common-
172062101-
4191653
111685
Sole
CISCO SYS INC-
common-
17275R102-
2860723
41724
Sole
CITIGROUP INC.-
common-
172967101-
1061544
24126
Sole
CITIZENS UTILITIES TR CONV PFD SECS
Preferred
177351202
303475
6100
sole
CMS ENERGY CORP-
common-
125896100-
294072
8665
Sole
COCA COLA CO -
common-
191216100-
618855
12826
Sole
COLGATE PALMOLIVE CO-
common-
194162103-
770705
16846
Sole
COMCAST CORP CL A SPL-
common-
200300200-
239250
6000
Sole
COMMONWEALTH TELEPHONE ENTERPRISE -
common-
203349105-
352924
8021
Sole
CORECOMM LTD-
common-
G2422R109
271739
8250
Sole
CORNERSTONE PPTYS INC CDT-
common-
21922H103-
701500
46000
Sole
CORNING INC -
common-
219350105-
1353779
19745
Sole
CSX CORP-
Common-
126408103
284464
6713
sole
DANAHER CORP -
common-
235851102-
289783
5500
Sole
DISNEY WALT CO -
common-
254687106-
6129240
235740
Sole
DOVER CORP
Common-
260003108
200001
4893
sole
DU PONT DE NEMOURS EI CO-
common-
263534109-
222580
3679
Sole
EQUIFAX INC-
common-
294429105-
1626334
57825
Sole
EXXON CORP-
common-
302290101-
1288352
16952
Sole
FEDERAL AGRIC MTG CORP CL C-
common-
313148306-
1144202
57388
Sole
FEDERAL HOME LN MTG CORP-
common-
313400301-
5880576
113088
Sole
FEDERAL NATIONAL MTG ASSOC-
common
313586109
2504389
39950
sole
FIFTH THIRD BANCORP -
common-
316773100-
331296
5445
Sole
FIRST UNION CORP-
common-
337358105-
222801
6254
Sole
FLOWERS INDUSTRIES INC-
common-
343496105-
362809
26750
Sole
FOREST CITY ENTERPRISES CL A -
common-
345550107-
254368
11400
Sole
FRANKLIN SELECT REALTY TRUST -
common-
354638108-
302900
46600
Sole
GARTNER GROUP INC. CLASS A (NEW)-
common-
366651107-
351233
21047
Sole
GENERAL ELECTRIC CO-
common-
369604103-
1876853
15830
Sole
GENERAL INSTR CORP-
common-
370120107-
412800
8600
Sole
GENERAL MILLS INC -
common-
370334104-
257979
3180
Sole
GILLETTE CO -
common-
375766102-
498685
14694
Sole
GREAT LAKES REIT INC-
Common-
390752103
234983
15600
sole
GTE CORP -
common-
362320103-
1321791
17194
Sole
HARRIS CORP DEL-
common-
413875105-
400565
14500
Sole
HILTON HOTELS SUB NTS-
Common-
43284AL3
16150
20000
sole
HOME DEPOT INC-
common-
437076102-
761738
11100
Sole
HSB GROUP INC-
common-
40428N109-
411700
11700
Sole
HUMAN GENOME SCIENCES INC-
common-
444903108-
1229418
16670
Sole
IMS HEALTH INC-
common-
449934108-
4217857
184888
Sole
INTEL CORP-
Common-
458140100
468173
6300
sole
INTERPUBLIC GROUP COS-
common-
460690100-
493666
12004
Sole
INTL BUSINESS MACH -
common-
459200101-
405592
3352
Sole
IVAX CORP SUB NT CONV 144A 6.5% 11/15/01
Preferred
465823AA0
48438
50000
sole
JOHNSON & JOHNSON -
common-
478160104-
6688777
72803
Sole
KEYCORP NEW -
common-
493267108-
255548
9900
Sole
KONINKLIJKE PHILIPS ELECTRS N V
SPONSORED ADR-
common-
500472204-
519948
5148
Sole
LASALLE RE HOLDINGS LTD-
common-
G5383Q101
689592
49700
Sole
LEVEL 3 COMMUNICATIONS INC-
common-
52729N100-
406264
7780
Sole
LVMH MOET HENNESSY LOUIS VUITTON SP
ADR-
common-
502441207-
600600
10010
Sole
M & T BANK CORP-
common-
55261F104-
3357126
7314
Sole
MCDONALDS CORP -
common-
580135101-
3386476
78300
Sole
MCI WORLDCOM-
common-
55268B106-
323438
4500
Sole
MEDPARTNERS INC THRESHOLD APP-
preferred-
58503X206-
288580
34200
Sole
MERCK & CO INC-
common-
589331107-
6729664
103832
Sole
MICROSOFT CORP-
common-
594918104-
1258827
13900
Sole
MIDDLESEX WATER CO-
Common-
596680108
213888
7100
sole
MOBIL CORP -
common-
607059102-
562790
5586
Sole
MONSANTO CO-
common-
611662107-
237182
6646
Sole
MONSANTO CO CVT PFD SER 6.5%
Preferred
611662305
388800
10800
sole
MOTOROLA INC -
common-
620076109-
594000
6750
Sole
OMNICON GROUP-
common-
681919106-
316752
4000
Sole
PALL CORP -
common-
696429307-
1026092
44251
Sole
PEPSICO INC-
Common
713448108
446215
14630
sole
PFIZER INC-
common-
717081103-
1428293
39813
Sole
PHILIP MORRIS COS -
common-
718154107-
1364271
39905
Sole
PHILLIPS PETROLEUM CO-
Common
718507106
234000
4800
sole
PIER 1 INC-
common-
720279108-
398290
60687
Sole
PPG INDUSTRIES-
common-
693506107-
240000
4000
Sole
PRENTISS PPTYS-
common-
740706106-
301756
13600
Sole
PRIME RETAIL INC-
common-
741570105-
416691
56500
Sole
PROCTER & GAMBLE CO -
common-
742718109-
453000
4832
Sole
QUESTAR CORP-
Common-
748356102
353439
19500
sole
RCN CORP -
common-
749361101-
3266757
79677
Sole
REPAP ENT CORP -
common-
76026M309-
828
13250
Sole
ROSTELECOM SPONS ADR-
Common-
778529107
48563
10500
sole
ROYAL DUTCH PETROLEUM CO -
common-
780257804-
677806
11476
Sole
SAN JUAN BASIN ROYALTY TR UNIT BEN INT-
Common-
798241105
137563
15500
sole
SBC COMMUNICATIONS INC-
common-
78387G103-
202720
3970
Sole
SCHERING PLOUGH CORP -
common-
806605101-
1885081
43211
Sole
SCHWAB CHARLES CORP NEW-
common-
808513105-
5139421
153700
Sole
SERVICEMASTER CO-
common-
81760N109-
7710225
479999
Sole
SLM HLDGS CORP -
common-
78442A109-
612750
14250
Sole
STATE STREET CORP -
common-
857477103-
1201445
18591
Sole
TELEPHONE & DATA SYS INC -
common-
879433100-
730310
8223
Sole
TEXACO INC-
common-
881694103-
930022
14733
Sole
TRANSATLANTIC HLDGS INC-
Common-
893521104
351250
5000
sole
TRW INC-
common-
872649108-
422875
8500
Sole
UNITED MERCHANTS & MFRS INC-
Common-
091085890
135
13507
sole
UST INC-
Common-
902911106
221882
7350
sole
VODAFONE AIRTOUCH PUBLIC LTD COMPANY ADR-
Common-
92857T107
451963
1901
sole
WAL-MART STORES INC-
Common-
931142103
323429
6800
sole
WARNER LAMBERT CO -
common-
934488107-
3844048
57914
Sole
WASHINGTON POST CO CL B -
common-
939640108-
9463050
18555
Sole
WBK STRYPES TRUST CVT PFD 10% 11/15/00 SERIES-
Preferred
929229102
328925
11150
sole
WD 40 CO-
Common-
929236107
231720
9900
sole
WELLS FARGO & CO NEW-
common-
949746101-
1729633
43650
Sole
WESCO FINANCIAL CORP COM-
common-
950817106-
2254720
8320
Sole
XEROX CORP-
common-
984121103-
454524
10838
Sole
TOTAL-183840712
</TABLE>
