PINE CAPITAL MANAGEMENT INC
13F-HR, 2000-05-12
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:	03/31/00

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:	Pine Capital Management, Inc.
Address:  353 Sacramento Street, 10th Floor
	    San Francisco, CA  94111

Form 13F File Number: 28-6990

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 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:  Beverly Dube
Title:  Vice President
Phone:  (415) 362-7111

Signature, Place, and Date of Signing:


By:	/s/  Beverly Dube		City:  San Francisco, CA	05/11/00


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 manger(s).)


<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>
ADOBE SYSTEMS INC (DELAWA      COM              00724f101    11345   101920 SH       SOLE                             11000    90920
AEROCENTURY CORP               COM              007723711     1220   172800 SH       SOLE                                     172800
AES CORP                       COM              00130h105     1757    22307 SH       SOLE                                      22307
AMER EXPRESS CO                COM              025816109     3686    24750 SH       SOLE                              2125    22625
AMER RIV HLDGS                 COM              029326105      122    10000 SH       SOLE                                      10000
AMGEN INC                      COM              031162100     2538    41350 SH       SOLE                              1600    39750
APHTON CORP                    COM              03759p101     4382   131300 SH       SOLE                              4000   127300
APPLIED MATERIALS INC          COM              038222105     1942    20600 SH       SOLE                              5000    15600
AT&T CORP                      COM              001957109      658    11681 SH       SOLE                              3490     8191
AT&T CORP LIBERTY MEDIA C      COM              001957208     9987   168374 SH       SOLE                              4574   163800
AVNET INC                      COM              053807103     2627    41704 SH       SOLE                              3282    38422
BANK OF AMER CORP              COM              060505104      497     9481 SH       SOLE                                       9481
BANK OF N Y CO INC             COM              064057102      368     8844 SH       SOLE                                       8844
BANK OF THE OZARKS INC         COM              063904106      977    67700 SH       SOLE                              4400    62300
BANK OF UTAH (OGDEN)           COM              065427106      320     1881 SH       SOLE                                       1881
BAY BANCSHARES INC TEX         COM              07203n109      529    27500 SH       SOLE                              1400    26100
BERKSHIRE HATHAWAY INC CL      COM              084670108      801       14 SH       SOLE                                 3       11
BERKSHIRE HATHAWAY INC CL      COM              084670207     2646     1454 SH       SOLE                               107     1347
BITSTREAM INC CL A             COM              091736108      594    47500 SH       SOLE                                      47500
BRISTOL MYERS SQUIBB CO        COM              110122108     1901    32784 SH       SOLE                                      32784
CALIFORNIA CENTER BANK   LA CA COM              13007A103      256    18809 SH       SOLE                                      18809
CALPINE CORP                   COM              131347106      376     4000 SH       SOLE                                       4000
CHASE MANHATTAN CORP NEW       COM              16161a108      246     2820 SH       SOLE                                       2820
CHATEAU COMMUNITIES INC        COM              161726104     6602   258921 SH       SOLE                      300     5225   253396
CHEVRON CORP                   COM              166751107      304     3290 SH       SOLE                                       3290
CISCO SYS INC                  COM              17275r102     1051    13600 SH       SOLE                                      13600
CITIGROUP INC                  COM              172967101     1585    26473 SH       SOLE                                      26473
CIVIC BANCORP CAL              COM              178788105      282    22300 SH       SOLE                                      22300
CLOROX CO                      COM              189054109      264     8000 SH       SOLE                                       8000
COLLECTING BANK NA CL A  HOUST COM              193905106        0    12708 SH       SOLE                                      12708
COMPUTER ASSOC INTL INC        COM              204912109      300     5062 SH       SOLE                                       5062
CONEXANT SYSTEMS INC           COM              207142100     7979   112375 SH       SOLE                               500   111875
CORNING INC                    COM              219350105    10992    56659 SH       SOLE                               962    55697
CRAIG CORP                     COM              224174102      585   114225 SH       SOLE                              5500   108725
DESERT COMMUNITY BK CAL        COM              25037y109      576    30100 SH       SOLE                              1600    28500
ECHOSTAR COMMUNICATION COCL A  COM              278762109    11056   139950 SH       SOLE                              1650   138300
EMC CORP MASS                  COM              268648102     1448    11493 SH       SOLE                                      11493
EMERSON ELECTRIC CO            COM              291011104      327     6146 SH       SOLE                                       6146
EQUITY RESIDENTIAL PPTYS SBI   COM              29476l107      745    18550 SH       SOLE                                      18550
ESSEX PROPERTY TRUST INC       COM              297178105     4479   124412 SH       SOLE                              6400   118012
EXXON MOBIL CORP               COM              30231g102     1075    13790 SH       SOLE                              3200    10590
FIRST INDUSTRIAL REALTY  TRUST COM              32054k103      270     9900 SH       SOLE                              1000     8900
FIRST YEARS INC                COM              337610109      598    86260 SH       SOLE                             17000    69260
GEMSTAR INTL GROUP LTD         COM              g3788v106      491     5712 SH       SOLE                                       5712
GENL ELECTRIC CO               COM              369604103     1828    11749 SH       SOLE                                      11749
GILLETTE COMPANY               COM              375766102      297     7875 SH       SOLE                                       7875
GLOBAL CROSSING LTD            COM              g3921a100      481    11757 SH       SOLE                                      11757
GREATER BAY BANCORP            COM              391648102      533    13242 SH       SOLE                                      13242
GTE CORPORATION                COM              362320103      914    12874 SH       SOLE                                      12874
HAMILTON BANCORP INC FLA       COM              407013101     2430   155520 SH       SOLE                              2500   151520
HANMI BANK LOS ANGELES CA      COM              410493100     1196    99695 SH       SOLE                              5079    94616
HEALTHCARE REALY TR INC        COM              421946104      901    53800 SH       SOLE                                      53800
HERSHEY FOODS CORP             COM              427866108      292     6000 SH       SOLE                                       6000
HEWLETT PACKARD CO             COM              428236103      868     6534 SH       SOLE                                       6534
HOME DEPOT INC                 COM              437076102      319     4950 SH       SOLE                                       4950
HOMEFED CORP NEW               COM              43739d208       29    44732 SH       SOLE                                      44732
HOST MARRIOTT CORP (REIT)      COM              44107p104    10495  1182489 SH       SOLE                      450    15400  1166639
HRPT PROPERTIES TRUST SBI      COM              40426w101    13407  1543152 SH       SOLE                     1750    31550  1509852
INTEL CORP                     COM              458140100     3647    27645 SH       SOLE                                      27645
INTL BUSINESS MACH             COM              459200101      868     7354 SH       SOLE                              1204     6150
INTUIT                         COM              461202103      408     7500 SH       SOLE                                       7500
JDS UNIPHASE CORP              COM              46612j101     9674    80241 SH       SOLE                               400    79841
KIMBERLY CLARK CORP            COM              494368103      366     6525 SH       SOLE                                       6525
LILLY ELI & CO                 COM              532457108      804    12836 SH       SOLE                              3200     9636
LOEWEN GROUP INC               COM              54042l100        7    10000 SH       SOLE                                      10000
LORAL SPACE & COMMUNICATILTD   COM              g56462107     1688   166744 SH       SOLE                              3100   163644
LUCENT TECHNOLOGIES INC        COM              549463107      624    10181 SH       SOLE                                      10181
MCDONALDS CORP                 COM              580135101      288     7700 SH       SOLE                                       7700
MCI WORLDCOM INC               COM              98157d106     3071    67781 SH       SOLE                              1290    66491
MELLON BANK CORP               COM              58551a108      321    10800 SH       SOLE                                      10800
MERCK & CO                     COM              589331107      434     6984 SH       SOLE                               200     6784
MERCURY GENL CORP NEW          COM              589400100      441    14950 SH       SOLE                              6000     8950
MICROSOFT CORP                 COM              594918104     3255    30634 SH       SOLE                              1000    29634
MID STATE BANCSHARES           COM              595440108      300    11986 SH       SOLE                                      11986
MODESTO COMM BANK OF CALI      COM              607806106      553    22000 SH       SOLE                             10000    12000
MOTOROLA INC                   COM              620076109      477     3268 SH       SOLE                                       3268
NATL SEMICONDUCTOR CORP        COM              637640103     9137   150400 SH       SOLE                               950   149450
NEWPORT CORP                   COM              651824104     8446    62565 SH       SOLE                               900    61665
NEXTEL COMMUNICATIONS    INC C COM              65332v103    10511    70900 SH       SOLE                               300    70600
NEXTEL STRYPES TRUST           COM              65332y107      312     2500 SH       SOLE                                       2500
NEXTLINK COMMUNICATIONS C      COM              65333h707      983     7950 SH       SOLE                                       7950
NOVELL INC                     COM              670006105     5610   196000 SH       SOLE                               400   195600
NTHN EMPIRE BANCSHARES         COM              665112108      159    10000 SH       SOLE                                      10000
NTL INC                        COM              629407107    13927   150060 SH       SOLE                              1463   148596
OBJECTIVE SYSTEMS INTEGRA      COM              674424106     3997   263200 SH       SOLE                               600   262600
ORACLE CORP                    COM              68389x105     2190    28048 SH       SOLE                                      28048
PARADYNE NETWORKS INC          COM                            4227   136350 SH       SOLE                              1600   134750
PERICOM SEMICONDUCTOR COR      COM              713831105     7748   217112 SH       SOLE                              4000   213112
PFIZER INC                     COM              717081103      201     5500 SH       SOLE                                       5500
PIONEER STAND ELECTRONCS       COM              723877106      318    20200 SH       SOLE                                      20200
PLANTRONICS INC NEW            COM              727493108     1156    12400 SH       SOLE                                      12400
POTLATCH CORP                  COM              737628107      201     4665 SH       SOLE                                       4665
PROSPERITY BANCSHARES INC      COM              743606105     1699   115200 SH       SOLE                              6000   109100
QUALCOMM INC                   COM              747525103     1000     6700 SH       SOLE                                       6700
QWEST COMMUNICATIONS INTL INC  COM              749121109      221     4596 SH       SOLE                               130     4466
READING ENTERTAINMENT INC      COM              755358108      108    24000 SH       SOLE                              4400    19600
RESTRICTED DIGIRAY CORP C      COM              253990345        0    23475 SH       SOLE                                      23475
ROYAL DUTCH PETROLEUM CO 1.25  COM              780257804      260     4500 SH       SOLE                                       4500
SAFEWAY INC                    COM              786514208      529    11700 SH       SOLE                                      11700
SAN JUAN BASIN ROYALTY   TR UB COM              798241105      943    94900 SH       SOLE                                      94900
SBC COMMUNICATIONS INC         COM              78387g103      266     6320 SH       SOLE                               600     5720
SBS TECHNOLOGIES INC           COM              78387p103     7693   267575 SH       SOLE                             12100   255475
SEAGATE TECHNOLOGY             COM              811804103      370     6000 SH       SOLE                              4500     1500
SEI INVESTMENTS CO             COM              784117103     2808    24750 SH       SOLE                              3400    21350
SHURGARD STORAGE CENTERS CL A  COM              82567d104     7363   281850 SH       SOLE                      300     5000   276550
SJNB FINANCIAL CORP            COM              784273104     3081   113069 SH       SOLE                              5885   107184
SOLPOWER CORP                  COM              833981103       13    10000 SH       SOLE                                      10000
SPIEKER PROPERTIES INC SB      COM              848497103     2100    47200 SH       SOLE                              2400    44800
STERLING BANCSHARES INC T      COM              858907108     1604   167762 SH       SOLE                              5250   162512
SUMMIT BANCSHARES INC    FT WO COM              866011109     1820   117396 SH       SOLE                                     117396
SUN MICROSYSTEMS INC           COM              866810104     4412    47080 SH       SOLE                              7200    39880
SURETY CAPITAL CORP-NEW        COM              868666207        0   476273 SH       SOLE                              2000   474273
TANDY CORP                     COM              875382103      294     5800 SH       SOLE                                       5800
TEXAS INSTRUMENTS              COM              882508104     2298    14360 SH       SOLE                                      14360
TEXAS REGIONAL BANCSHRS  CL A  COM              882673106     4032   158517 SH       SOLE                             15700   140817
TIME WARNER INC                COM              887315109      390     3900 SH       SOLE                              2400     1500
TRICO BANCSHARES SAN     FRAN  COM              896095106      230    14813 SH       SOLE                                      14813
UCBH HOLDINGS INC NEW          COM              90262t308      920    42800 SH       SOLE                              6000    35800
UNTD INTL HLDGS INC CL A       COM              913247508    16276   216825 SH       SOLE                              1500   215325
US BANCORP DEL                 COM              902973106     1072    49016 SH       SOLE                                      49016
VERTEL CORP                    COM              924907108     8379   395455 SH       SOLE                              2500   392955
WALT DISNEY CO (HOLDING C      COM              254687106     2490    60367 SH       SOLE                              2360    58007
WARRANTS BRYAN COLLEGE STEXC P COM              116902115        0    16470 SH       SOLE                                      16470
WELLS FARGO & CO NEW           COM              949746101      887    21762 SH       SOLE                                      21762
WESTAMERICA BANCORP            COM              957090103      281    10135 SH       SOLE                                35    10100
WEYERHAEUSER CO                COM              962166104      203     3570 SH       SOLE                                       3570
WILLIAMS COS INC (DEL)         COM              969457100      394     8957 SH       SOLE                                       8957
WILLIS LEASE FIN CORP          COM              970646105      223    36350 SH       SOLE                              1700    34650
WILSHIRE ST BK LOS ANG CA      COM                             516    61094 SH       SOLE                              1100    59994
WING HANG BANK LTD             COM                            1285   500000 SH       SOLE                                     500000
CRAIG CORP CL A PREFERRED      PRD              224174201      511   115075 SH       SOLE                              8000   107075
DUKE ENERGY CAP TR I (QUICUML  PRD              264396201      221    10400 SH       SOLE                              1000     9400
ECHOSTAR COMMUNICATIONS  PREFE PRD              278762307    20381    15775 SH       SOLE                      200      450    15125
GBB CAPITAL I TRUST SECS PREFE PRD              361469208     1232    51750 SH       SOLE                      400             51350
SVB CAP I TR SECS SER I  PREFE PRD              784868200      374    19130 SH       SOLE                              1500    17630
TEMPLETON                FOREI                  880196209      119 11640.051SH       SOLE                                  11640.051
FOUR SEASONS HOTELS INC LTD VO                  35100e104      248     5500 SH       SOLE                                       5500
BP AMOCO PLC SPON ADR                           055622104      434     8142 SH       SOLE                                       8142
NOKIA CORP SPONS ADR     FINLA                  654902204      832     3750 SH       SOLE                                       3750
NORTEL NETWORKS CORP ADR                        656568102      246     1950 SH       SOLE                                       1950
TELEWEST COMMUNICATIONS PADR                                  4294    50816 SH       SOLE                               750    50066
VODAFONE AIRTOUCH PLC UNTKINGD                  92857t107      475     8545 SH       SOLE                                       8545
</TABLE>


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