UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Stephen Watson
Address: 237 Park Avenue, Suite 801
New York, NY 10017
Form 13F File Number: 28-05517
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: Stephen Watson
Title: General Partner, Manager
Phone: (212) 692-3640
Signature, Place, and Date of Signing:
/s/ Stephen Watson New York, New York August 15, 2000
------------------ ------------------ ---------------
[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: None
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: Two*
Form 13F Information Table Entry Total: 219
Form 13F Information Table Value Total: $232,119
(thousands)
List of Other Included Managers:
No. Name
(1) Watson Asset Management, Inc.
(2) Watson Advisors LLC
* Since these entities are wholly owned and controlled by Mr. Watson they are
treated as a single entity for purposes of the Information Table.
<PAGE>
FORM 13F OF STEPHEN WATSON
DATED AS OF JUNE 30, 2000
INFORMATION TABLE
<TABLE>
<CAPTION>
TICKER NAME CUSIP AMOUNT (SHS) MARKET VALUE
------ ---- ----- ------------ ------------
<S> <C> <C> <C> <C>
ABAX ABAXIS INC. 002567105 293,700 2,459,738
ACRT ACTRADE INTERNATIONAL LTD. 004931101 48,000 774,000
ADAC ADAC LABORATORIES 005313200 70,000 962,500
ADP ALLIED PRODUCTS CORP 019411107 288,400 865,200
AETC APPLIED EXTRUSION TECH. 038196101 100,000 818,751
AINN APPLIED INNOVATION INC. 037916103 30,000 397,500
ALDV ALLIED DEVICES CORP 019120104 120,000 345,001
ALSI ADVANTAGE LEARNING SYS, INC 00757K100 84,300 1,401,488
AMS AMERICAN SHARED HOSP SVCS 029595105 150,000 637,500
ANSS ANSYS, INC. 03662Q105 232,000 2,494,000
APN APPLICA INC 03815A106 70,000 791,875
ARG AIRGAS, INC. 009363102 30,000 249,375
ARGNA AMERIGON, INC. 03070L300 174,000 2,686,125
ATAC AFTERMATH TECHNOLOGY CORP 008318107 128,000 1,606,250
ATCO AMERICAN TECH CORP-DEL 030145205 100,000 1,012,501
ATSN ARTESYN TECHNOLOGIES INC 43127109 76,800 2,136,000
AVRT AVERT, INC. 053596102 50,000 1,500,000
AVTM AVTEAM, INC 054527205 311,500 1,090,250
BARR BARRINGER TECH INC NEW 068509603 200,000 1,256,251
BEAV BE AVIONICS INC 073302101 319,500 1,877,063
BND BOUNDLESS CORP NEW 101706208 84,800 1,319,701
BONT BON-TON STORES INC 09776J101 90,000 272,813
BPUR BIOPURE CORP. 09065H105 10,000 333,125
BRAD BRADLEES INC - NEW 104499207 365,000 2,258,438
BVAS BIO VASCULAR INC 090923103 235,000 1,116,250
BVEW BINDVIEW DEVELOPMENT CORP 90327107 170,000 2,040,000
BWT BRITESMILE, INC. 104647992 100,000 956,250
BZH BEAZER HOMES USA, INC. 07556Q105 20,000 375,000
CACOA CATO CORP. 149205106 50,000 587,500
CAE CASCADE CORP. 147195101 50,000 550,000
CAO CSK AUTO CORP 125965103 84,000 1,170,750
CHX PILGRIMS PRIDE CORP 72142R108 90,000 568,125
CLSR CLOSURE MEDICAL CORP 189093107 42,100 1,105,125
CMDL COMDIAL CORP 200332302 40,000 525,000
CMRO COMARCO, INC. 200080109 25,500 870,188
CRDN CERADYNE INC-CALIF 156710105 110,000 1,045,000
CSI CHASE INDUSTRIES, INC. 161568100 30,000 262,500
CTAC 1-800 CONTACTS, INC. 681977104 15,000 519,375
CTK COMTEK RESEARCH, INC. 204682108 70,000 971,250
CVAS CORVAS INTERNATIONAL, INC. 221005101 50,000 550,000
CVTY COVENTRY HEALTH CARE INC 222862104 60,000 510,000
CYMI CYMER, INC. 232572107 37,700 1,822,675
CYOE COYOTE NETWORK SYSTEMS, INC. 22406P108 23,600 259,600
CYT CYTEC INDUSTRIES 232820100 50,000 1,234,375
DAP DISCOUNT AUTO PARTS INC 254642101 50,200 448,663
DCTM DOCUMENTUM INC 256159104 10,000 893,750
DGV DIGITAL LAVA, INC. 253928105 50,000 643,750
DLTK DELTEK SYSTMS INC 24785A108 77,500 1,186,720
DRTK GTS DURATEK INC 36237J107 151,000 1,566,625
DTG DOLLAR THRIFTY AUTO. GRP 256743105 126,200 2,169,063
DTII DT INDUSTRIES, INC. 23333J108 50,000 637,500
DTL DAL-TILE INTERNATIONAL INC 23426R108 243,300 1,931,194
DTMC DTM CORP 12222L103 220,100 564,006
EAR HEARX LTD. 422360305 200,800 840,850
ELBO ELECTRONICS BOUTIQUE HOLDINGS 286045109 100,000 1,637,500
ELK ELCOR CORP. 284443108 70,000 2,415,000
ELON ECHELON CORP 27874N105 12,000 695,250
ELTX ELTRAX SYSTEMS INC 290475104 17,500 232,969
ELY CALLAWAY GOLF CO. 131193104 50,000 815,625
EMAK EQUITY MARKETING INC 294724109 90,000 961,876
EMKR EMCORE CORP 290846104 7,500 900,000
ENCD ENCAD INC 292503109 385,400 2,119,700
EPII EAGLE PACIFIC INDUSTRIES INC 269719100 320,000 4,680,000
ESST ESS TECHNOLOGY INC 269151106 40,000 580,000
EXBT EXABYTE CORP 300615101 140,000 1,041,251
EXCO EXCO RESOURCES INC NEW 269279204 100,000 650,000
FCN FTI CONSULTING INC 302941109 120,000 810,000
FLM FLEMING COMPANIES INC 339130106 40,000 522,500
FMKT FREEMARKETS INC 356602102 38,000 1,802,625
GADZ GADZOOKS INC 362553109 24,700 535,681
GCR GAYLORD CONTAINER CORP CLA 368145108 120,000 765,000
GDC GENERAL DATACOMM INDUSTR. 369487103 40,000 370,000
GFF GRIFFON CORP 398433102 40,000 312,501
GGUY GOOD GUYS INC 382091106 150,000 618,750
GIGA GIGA-TRONICS, INC. 375175106 30,000 335,625
GK GENTEK INC 37245X104 30,500 341,219
GNRL GENERAL BEARING CORP. 369147103 94,700 520,850
GNSS GENESIS MICROCHIP, INC. 371933102 22,500 489,375
GON GEON CO 37246W105 20,000 370,000
GRA WR GRACE & CO 38388F108 126,800 1,537,450
GSY GUEST SUPPLY INC 401630108 125,000 2,226,563
HCO HUNTCO INC - CL A 445661101 504,300 2,143,275
HEPH HOLLIS-EDEN PHARMACEUTICALS 435902101 39,100 576,725
HGGR HAGGAR CORP. 405173105 40,000 550,000
HGR HANGER ORTHOPEDIC GROUP, INC. 41043F208 100,000 525,000
HIFN HI/FN, INC. 428358105 67,500 3,150,470
HMSY HEALTH MANAGEMENT STMS INC 42219M100 150,000 721,875
HMY HEILIG MEYERS CO. 422893107 275,000 1,082,813
HOMS HOMESTORE.COM INC 437852106 23,000 866,938
HZO MARINEMAX INC 567908108 207,800 1,987,088
IFLO I-FLOW CORP NEW 449520105 300,000 1,725,000
IIN ITT INDUSTRIES INC 450911102 25,000 759,375
IIXL IXL ENTERPRISES, INC. 450718101 10,000 280,000
INDYY INDEPENDENT ENERGY HOLDINGS 45384X108 85,000 706,563
INFS INFOCUS CORP 45665B106 25,000 804,688
INVN INVISION TECHNOLOGIES INC 461851107 243,000 1,609,876
IOM IOMEGA CORP 462030107 948,900 3,795,600
IP INTERNATIONAL PAPER CO 460146103 10,000 298,125
ITEQ ITEQ INC 450430103 100,000 121,875
ITW ILLINOIS TOOL WORKS INC 452308109 30,000 1,710,000
JILL J.JILL GROUP INC 466189107 40,000 260,000
KERA KERAVISION INC 492061106 74,600 452,262
KES KEYSTONE CONSOLIDATED INDS 493422109 100,000 468,751
KIDE 4 KIDS ENTERTAINMENT INC 350865101 75,000 1,954,688
KWIC KENNEDY WILSON, INC. 489399204 30,000 166,875
LCAV LCA-VISION INC NEW 501803209 50,000 254,688
LCRY LECROY CORP. 52324W109 75,000 1,181,250
LENS CONCORD CAMERA CORP 206156101 40,000 835,000
LOFT PHOTOLOFT.COM GROUP, INC. 719348104 50,000 131,250
LTV LTV CORP. 501921100 150,000 534,375
LUFK LUFKIN INDUSTRIES INC 549764108 40,000 580,000
MAGI MANAUGHTON APPAREL GR. INC 582524104 250,000 2,062,500
MATR MATRIA HEALTHCARE INC 576817100 305,000 1,620,313
MAVK MAVERICK TUBE 577914104 10,000 291,250
MIKN MIKOHN GAMING CORP 59862K108 170,000 1,232,500
MITK MITEK SYSTEMS, INC. 606710200 80,000 895,000
MLI MUELLER INDUSTRIES INC 624756102 10,000 280,000
MNC MONACO COACH CORP. 60886R103 60,000 1,140,000
MPH CHAMPIONSHIP AUTO RACING 158711101 20,000 510,000
MSC MATERIAL SCIENCES CORP 576674105 120,000 1,620,000
MSCC MICROSEMI CORP 595137100 37,700 1,279,444
MSON MISONIX INC 604871103 101,000 871,126
MSS MEASUREMENT SPECIALTIES INC 583421102 80,000 2,025,000
MTCH METRON TECHMOLOGY 30,000 630,000
MTLM METAL MANAGEMENT INC 591097100 565,000 1,253,593
MXTR MAXTOR CORP 577729205 90,000 950,625
MYIQ EDULINK, INC. 100,000 30,000
NAFC NASH FINCH, CO. 631158102 153,500 1,247,189
NASI NORTH AMERICAN SCIENTIFIC, INC. 65715D100 20,000 430,000
NEOP NEOPROBE CORP. 640518106 160,000 210,000
NESC NESCO, INC. 635838105 65,900 300,669
NNS NEWPORT NEWS SHIPBUILDING 652228107 20,000 735,000
NOBL NOBLE INTERNATIONAL LTD 655053106 144,000 2,268,000
NPIX NETWORK PERIPHERALS INC 64121R100 15,300 543,150
NR NEWPARK RESOURCES INC NEW 651718504 250,000 2,000,000
NS NATIONAL STEEL CORP-CL B 637844309 150,000 1,106,251
NSS NS GROUP, INC. 628916108 180,000 2,936,250
NTBK NETBANK, INC. 640933107 58,900 765,700
NTST NETSMART TECHNOLOGIES INC 64114W306 107,000 1,170,313
NUHC NU HORIZONS ELECTRONICS CORP. 669908105 110,000 2,433,750
NVH NATIONAL RV HOLDINGS, INC. 637277104 40,000 632,500
NX QUANEX CORP 747620102 25,000 450,000
NZRO NETZERO, INC. 64122R109 40,000 610,000
OAKT OAK TECHNOLOGY, INC. 671802106 30,000 577,500
OCQ ONEIDA LTD. 682505102 60,000 1,162,500
OG OGDEN CORP 676346109 38,300 344,700
OLN OLIN CORP 680665205 101,000 1,666,500
OMI OWENS & MINOR INC HLDG CO 690732102 313,600 3,857,001
OMM OMI CORP NEW Y6476W104 1,183,000 4,510,189
OSII OBJECTIVE SYSTEMS INTEGRATORS 674424106 66,800 1,014,525
PANL UNIVERSAL DISPLAY CORP. 91347P105 31,500 783,563
PASA QUEPASA.COM, INC. 74833W107 34,700 234,225
PAUH PAUL HARRIS STORES INC NEW 703555201 500,000 1,515,625
PFCB PF CHANGS CHINA BISTRO 693334108 30,000 993,751
PGI POLYMER GROUP, INC. 731745105 12,100 154,275
PILL PROXYMED, INC. 744290107 60,000 510,000
PIR PIER 1 IMPORTS INC 720279108 190,000 1,897,500
PKE PARK ELECTROCHEMICAL CORP 700416209 30,000 1,081,875
PKG PACKAGING CORP OF AMERICA 695156109 60,000 607,500
PLT PLANTRONICS, INC. 727493108 5,000 465,938
PLUG PLUG POWER INC 72919P103 6,000 375,000
PMCS PMC SIERRA INC 69344F106 10,000 1,776,875
PRGO PERRIGO CO 714290103 25,000 157,813
PTIX PROFORMANCE TECHNOLOGIES, INC. 71376K102 40,000 1,737,500
PTV PACTIV CORPORATION 695257105 80,000 630,000
PZL PENNZOIL-QUAKER STATE 709323109 60,000 723,750
PZZA PAPA JOHN'S INTERNATIONAL, INC. 698813102 15,000 495,000
QADI QAD INC 74727D108 154,900 580,875
QCOM QUALCOMM INC 747525103 15,000 900,000
QEDC QUEST EDUCATION CORP 74835F102 143,200 1,235,101
QFAB QUAKER FABRIC CORP NEW 747399103 400,200 1,850,925
REFR RESEARCH FRONTIERS, INC. 760911107 15,000 442,500
RELL RICHARDSON ELECTRONICS LTD. 763165107 100,000 1,100,000
RESP RESPIRONICS INC 761230101 95,000 1,365,625
RFMD RF MICRO DEVICES INC 749941100 7,000 613,375
RHB REHABCARE GROUP INC 759148109 84,000 2,160,875
RNIC ROBINSON NUGENT INC 770810109 140,000 2,187,500
ROHN ROHN INDUSTRIES INC 775381106 369,000 1,199,250
ROW THE ROWE COMPANIES 779528108 31,300 179,975
RPD DISPATCH MANAGEMENT SVCS C 254937106 120,000 277,500
SAGI SAGE INC 786632109 34,000 748,000
SALD FRESH CHOICE, INC. 358032100 100,000 456,250
SAP SAP AKTIENGESELLSCHAFT 803054204 15,000 704,063
SCHN SCHNITZER STEEL INDS. INC. 806882106 67,000 1,210,188
SFP SALTON INC 795757103 39,000 1,691,625
SGR SHAW GROUP INC 820280105 75,000 2,643,750
SHD SHERWOOD BRANDS INC CL A 82437L104 82,600 165,200
SMRT STEIN MART INC 858375108 300,230 2,476,898
SMSI SMITH MICRO SOFTWARE, INC. 832154108 20,000 320,000
SMXC SMITHWAY MOTOR XPRESS CORP. 832653109 67,000 234,500
SPEC SPECTRUM CONTROL, INC. 847615101 70,000 805,000
ST SPS TECHNOLOGIES INC 784626103 7,100 291,544
STRZ STAR BUFFET 855086104 259,600 827,475
STTX STEEL TECHNOLOGIES 858147101 80,050 635,397
SVR SILVERLEAF RESORTS 828395103 34,300 137,200
TACO TACO CABANA INC CL A 873425102 110,000 653,125
TECD TECH DATA CORP 878237106 15,000 653,438
TERA TERA COMPUTER 88076P108 110,000 708,125
TERN TERAYON COMMUNICATIONS SYS 880775101 25,000 1,605,859
TGIS THOMAS GROUP INC 884402108 214,800 2,416,500
THC TENET HEALTHCARE CORP 88033G100 35,000 945,000
THDO 3DO CO 88553W105 130,000 1,259,375
TIF TIFFANY AND CO 886547108 22,000 1,485,000
TK TEEKAY SHIPPING CORP Y8564W103 30,000 986,250
TOY TOYS R US 892335100 125,000 1,820,313
TPTH TRIPATH IMAGING INC 896942109 20,000 123,125
TUP TUPPERWARE CORP 899896104 20,000 440,000
TWI TITAN INTERNATIONAL INC-ILL 88830M102 178,800 1,285,126
UTCI UNIROYAL TECHNOLOGY CORP 909163107 20,000 940,000
UTLX UTILX CORP 918031105 40,000 250,000
VIDA VIDAMED, INC. 926530106 150,000 534,375
VLCCF KNIGHTSBRIDGE TANKERS G5259G106 50,000 1,000,000
VLNC VALENCE TECHNOLOGY INC 918914102 24,000 442,500
VMDC VANTAGEMED CORP. 92208W106 20,000 87,500
WFII WIRELESS FACILITIES INC 97653A103 11,000 560,313
WHT WHITE ELECTRIC DESIGNS CORP. 963801105 130,000 1,933,750
WLV WOLVERINE TUBE, INC. 978093102 70,000 896,875
WND WINDMERE CORP. 973411101 300,000 4,425,000
Z VENATOR GROUP INC 922944103 140,000 1,435,000
-----------
232,118,632
===========
</TABLE>
