UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Report for the Calendar Year or Quarter Ended: September 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 November 14, 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
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: Two*
Form 13F Information Table Entry Total: 217
Form 13F Information Table Value Total: $272,066
(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.
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<TABLE>
<CAPTION>
IN-
VEST-
MENT
DIS- OTHER VOTING
TITLE OF CUSIP MARKET SHARES OR SH PUT/ CRE- MANA- AUTHORITY
NAME OF ISSUER CLASS NUMBER VALUE PRN AMT PRN CALL TION GERS SOLE SHARED NONE
-------------- ----- ------ ----- ------- --- ---- ---- ---- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
APPLE COMPUTERS INC Common 037833100 515,000 20,000 SH Other (1) Sole
ADVANCED AERODYNAMICS & STRUCT Common 00750B107 206,250 100,000 SH Other (1) Sole
ABAXIS INC. Common 002567105 1,725,000 300,000 SH Other (1) Sole
ADAC LABORATORIES Common 005313200 1,040,625 50,000 SH Other (1) Sole
ADC TELECOMMUNICATIONS Common 000886101 268,906 10,000 SH Other (1) Sole
ALLIED PRODUCTS CORP Common 019411107 75,000 150,000 SH Other (1) Sole
APPLIED EXTRUSION TECH. Common 038196101 255,001 80,000 SH Other (1) Sole
AETHER SYSTEMS Common 00808V105 1,055,000 10,000 SH Other (1) Sole
APPLIED INNOVATION INC. Common 037916103 1,123,750 72,500 SH Other (1) Sole
ALLIED DEVICES CORP Common 019120104 975,100 278,600 SH Other (1) Sole
ADVANTAGE LEARNING SYS, INC Common 00757K100 1,903,894 54,300 SH Other (1) Sole
ALTERA CORP Common 021441100 716,250 15,000 SH Other (1) Sole
APPLIED MATERIALS INC Common 038222105 593,125 10,000 SH Other (1) Sole
AMPLIDYNE, INC. Common 032103103 356,250 95,000 SH Other (1) Sole
AMERICAN SHARED HOSP SVCS Common 029595105 356,251 150,000 SH Other (1) Sole
AMAZON.COM INC Common 023135106 384,375 10,000 SH Other (1) Sole
ANSYS, INC. Common 03662Q105 1,260,000 105,000 SH Other (1) Sole
APPLICA INC Common 03815A106 2,000,419 323,300 SH Other (1) Sole
ARRIBA INC Common 04033V104 716,328 5,000 SH Other (1) Sole
AMERIGON, INC. Common 03070L300 374,063 66,500 SH Other (1) Sole
ARVINMERITOR INC Common 043353101 293,750 20,000 SH Other (1) Sole
ART TECHNOLOGY GROUP, INC. Common 04289L107 2,558,250 27,000 SH Other (1) Sole
ASK JEEVES Common 045174109 863,438 45,000 SH Other (1) Sole
AMTECH SYSTEMS Common 032332504 450,000 30,000 SH Other (1) Sole
AFTERMATH TECHNOLOGY CORP Common 008318107 1,800,000 300,000 SH Other (1) Sole
AMERICAN TECH CORP-DEL Common 030145205 525,469 95,000 SH Other (1) Sole
ALPHA TECHNOLOGIES GOUP Common 020781100 2,250,000 150,000 SH Other (1) Sole
ATMEL CORP Common 049513104 227,813 15,000 SH Other (1) Sole
TIDEL TECHNOLOGIES INC Common 886368109 2,462,813 355,000 SH Other (1) Sole
ARTESYN TECHNOLOGIES INC Common 043127109 1,543,625 53,000 SH Other (1) Sole
ANTIVIRALS INC. Common 002346104 2,126,250 270,000 SH Other (1) Sole
AVERT, INC. Common 053596102 1,802,000 90,100 SH Other (1) Sole
AVTEAM, INC Common 054527205 590,781 497,500 SH Other (1) Sole
BARRINGER TECH INC NEW Common 068509603 2,530,238 275,400 SH Other (1) Sole
BORDEN CHEMICALS & PLASTICS LP Common 99541203 117,250 67,000 SH Other (1) Sole
BEA SYSTEMS INC Common 073325102 1,126,696 14,468 SH Other (1) Sole
BE AVIONICS INC Common 073302101 3,910,313 242,500 SH Other (1) Sole
BENCHMARK ELECTRONICS Common 08160H101 1,560,000 30,000 SH Other (1) Sole
BALL CORP Common 058498106 1,584,375 50,000 SH Other (1) Sole
BRADLEE'S INC Common 104499207 530,750 386,000 SH Other (1) Sole
BROCADE COMMUNICATIONS Common 111621108 1,888,000 8,000 SH Other (1) Sole
CANDIES, INC Common 137409108 106,250 100,000 SH Other (1) Sole
CSK AUTO CORP Common 125965103 477,900 106,200 SH Other (1) Sole
CATALYST SEMICONDUCTOR INC Common 148881105 1,415,625 150,000 SH Other (1) Sole
CAL DIVE INTERNATIONAL INC Common 127914109 571,875 10,000 SH Other (1) Sole
CENTURY ALUMINUM CO Common 156431108 1,522,501 140,000 SH Other (1) Sole
PILGRIMS PRIDE CORP Common 72142R108 825,000 120,000 SH Other (1) Sole
CIENA CORP Common 171779101 3,684,375 30,000 SH Other (1) Sole
CHECKFREE CORP Common 162813109 837,813 20,000 SH Other (1) Sole
CLOSURE MEDICAL CORP Common 189093107 556,644 22,100 SH Other (1) Sole
CREDENCE SYSTEMS CORP Common 225302108 600,000 20,000 SH Other (1) Sole
COPPER MOUNTAIN Common 217510106 937,500 25,000 SH Other (1) Sole
CONEXANT SYSTEMS INC Common 207142100 2,060,795 49,213 SH Other (1) Sole
CONVERGENT COMMUNICATIONS Common 211914403 318,750 100,000 SH Other (1) Sole
CRANE COMPANY Common 224399105 1,143,750 50,000 SH Other (1) Sole
CRAY INC Common 225223106 2,135,169 477,800 SH Other (1) Sole
CERADYNE INC-CALIF Common 156710105 1,975,001 200,000 SH Other (1) Sole
CREDO PETROLEUM Common 225439207 341,250 39,000 SH Other (1) Sole
CISCO SYSTEMS COM Common 17275R102 1,105,000 20,000 SH Other (1) Sole
CHOICE ONE COMMUNICATIONS Common 17038P104 365,625 30,000 SH Other (1) Sole
CYSIVE, INC. Common 23281T108 133,750 20,000 SH Other (1) Sole
CYTEC INDUSTRIES Common 232820100 4,012,500 120,000 SH Other (1) Sole
INTERDENT INC. Common 45865R109 351,562 75,000 SH Other (1) Sole
DIGITAL LAVA INC. Common 253928105 168,594 32,500 SH Other (1) Sole
D R HORTON INC Common 23331A109 5,620,322 32,700 SH Other (1) Sole
DIGITAL LIGHTWAVE INC Common 253855100 1,089,375 15,000 SH Other (1) Sole
DOLLAR TREE STORES INC Common 256747106 608,438 15,000 SH Other (1) Sole
DELTA WOODSIDE Common 247909104 112,500 100,000 SH Other (1) Sole
DENSE PAC MICROSYSTEMS Common 248719304 548,438 97,500 SH Other (1) Sole
DENDRITE INTERNATIONAL Common 248239105 938,438 35,000 SH Other (1) Sole
GTS DURATEK INC Common 36237J107 1,201,250 155,000 SH Other (1) Sole
DOLLAR THRIFTY AUTO. GRP Common 256743105 5,036,250 255,000 SH Other (1) Sole
DT INDUSTRIES, INC. Common 23333J108 493,750 50,000 SH Other (1) Sole
DAL-TILE INTERNATIONAL INC Common 23426R108 1,125,000 90,000 SH Other (1) Sole
DTM CORP Common 12222L103 1,293,750 225,000 SH Other (1) Sole
HEARX LTD. Common 422360305 825,000 300,000 SH Other (1) Sole
ENGINEERED SUPPORT SYSTEM CO Common 292866100 478,125 25,000 SH Other (1) Sole
EGAMES INC Common 282253103 45,000 45,000 SH Other (1) Sole
ELECTRONICS BOUTIQUE HOLDINGS Common 286045109 1,171,750 54,500 SH Other (1) Sole
ECHELON CORP Common 27874N105 440,625 15,000 SH Other (1) Sole
EMCORE CORP Common 290846104 207,890 5,000 SH Other (1) Sole
ELECTRIC ARTS Common 285512109 1,190,530 24,112 SH Other (1) Sole
CORPORATE EXECUTIVE BOARD Common 21988R102 402,500 10,000 SH Other (1) Sole
EXABYTE CORP Common 300615101 4,176,000 371,200 SH Other (1) Sole
EXCO RESOURCES INC NEW Common 269279204 1,224,994 82,700 SH Other (1) Sole
FILENET CORP Common 316869106 545,625 30,000 SH Other (1) Sole
FREEMARKETS INC Common 356602102 571,250 10,000 SH Other (1) Sole
FOOTSTAR INC Common 344912100 1,463,756 45,300 SH Other (1) Sole
GADZOOKS INC Common 362553109 2,157,514 120,700 SH Other (1) Sole
GALILEO TECHNOLOGY Common M47298100 635,000 20,000 SH Other (1) Sole
GLOBECOM SYSTEMS INC Common 37956X103 1,802,500 140,000 SH Other (1) Sole
GENTEK INC Common 37245X104 1,532,625 100,500 SH Other (1) Sole
CORNING INC Common 219350105 5,940,000 20,000 SH Other (1) Sole
GENERAL BEARING CORP. Common 369147103 1,197,000 228,000 SH Other (1) Sole
GREAT PLAINS Common 39119E105 2,460,938 87,500 SH Other (1) Sole
WR GRACE & CO Common 38388F108 2,109,250 306,800 SH Other (1) Sole
GLOBALSTAR TELECOMMUNICATION Common G3930H104 431,250 50,000 SH Other (1) Sole
GUEST SUPPLY INC Common 401630108 1,843,750 100,000 SH Other (1) Sole
GTSI CORP Common 36238K103 325,000 100,000 SH Other (1) Sole
HASBRO INC Common 418056107 1,029,375 90,000 SH Other (1) Sole
HUNTCO INC - CL A Common 445661101 948,751 506,000 SH Other (1) Sole
HEI INC. Common 404160103 613,126 30,000 SH Other (1) Sole
HI/FN INC Common 428358105 3,065,625 45,000 SH Other (1) Sole
HEALTH MANAGEMENT STMS INC Common 42219M100 300,000 150,000 SH Other (1) Sole
MARINEMAX INC Common 567908108 1,402,650 207,800 SH Other (1) Sole
I-FLOW CORP NEW Common 449520105 1,427,719 471,000 SH Other (1) Sole
I KOS SYSTEMS INC Common 451716203 1,348,750 130,000 SH Other (1) Sole
INTERVOICE-BRITE INC. Common 461142101 1,155,000 110,000 SH Other (1) Sole
INVISION TECHNOLOGIES INC Common 461851107 1,453,125 375,000 SH Other (1) Sole
IOMEGA CORP Common 462030107 7,068,000 1,413,600 SH Other (1) Sole
INTERNATIONAL PAPER Common 460146103 573,750 20,000 SH Other (1) Sole
INTERPOOL INC Common 46062R108 1,309,595 114,500 SH Other (1) Sole
INTERTAN INC Common 461120107 1,925,963 133,400 SH Other (1) Sole
ITT INDUSTRIES INC Common 450911102 1,949,250 60,000 SH Other (1) Sole
I2 TECHNOLOGIES INC Common 465754109 1,402,970 7,500 SH Other (1) Sole
INTEGR TELECOM Common 45817U101 622,500 30,000 SH Other (1) Sole
WHITEHALL JEWELLERS INC Common 965063100 440,521 55,500 SH Other (1) Sole
4 KIDS ENTERTAINMENT INC Common 350865101 2,362,500 140,000 SH Other (1) Sole
KAYDON CORP Common 486587108 690,000 30,000 SH Other (1) Sole
KEMET CORP Common 488360108 1,105,000 40,000 SH Other (1) Sole
KEYSTONE CONSOLIDATED INDS Common 493422109 293,751 100,000 SH Other (1) Sole
KIRBY CORP Common 497266106 294,375 15,000 SH Other (1) Sole
KLA-TENCOR CORP Common 482480100 2,059,375 50,000 SH Other (1) Sole
KENDLE INTERNATIONAL Common 48880L107 137,673 16,500 SH Other (1) Sole
KRONOS INC Common 501052104 600,000 20,000 SH Other (1) Sole
LAMSON & SESSIONS CO Common 513696104 1,021,251 86,000 SH Other (1) Sole
MANAUGHTON APPAREL GR. INC Common 582524104 3,425,651 209,200 SH Other (1) Sole
MAPICS INC Common 564910107 675,000 100,000 SH Other (1) Sole
MATTEL INC Common 577081102 1,006,875 90,000 SH Other (1) Sole
MATRIA HEALTHCARE INC Common 576817100 1,085,000 310,000 SH Other (1) Sole
MIKOHN GAMING CORP Common 59862K108 1,947,343 257,500 SH Other (1) Sole
MITEK SYSTEMS, INC. Common 606710200 776,781 185,500 SH Other (1) Sole
MSC.SOFTWARE CORP Common 553531104 308,460 29,100 SH Other (1) Sole
MOBIUS CORP Common 606925105 603,750 140,000 SH Other (1) Sole
CHAMPIONSHIP AUTO RACING Common 158711101 243,750 10,000 SH Other (1) Sole
MEMRY CORP Common 586263204 186,969 96,500 SH Other (1) Sole
MISONIX INC Common 604871103 945,000 105,000 SH Other (1) Sole
METRON TECHNOLOGY Common N5665B105 240,000 30,000 SH Other (1) Sole
METRO ONE TELECOMMUNICATIONS Common 59163F105 378,750 30,000 SH Other (1) Sole
MICRON TECHNOLOGY INC Common 595112103 690,000 15,000 SH Other (1) Sole
MAVERICK TUBE Common 577914104 404,063 15,000 SH Other (1) Sole
MAXTOR CORP Common 577729205 2,100,000 200,000 SH Other (1) Sole
MYPOINTS.COM INC Common 62855T102 797,500 145,000 SH Other (1) Sole
NASH FINCH, CO. Common 631158102 4,435,937 425,000 SH Other (1) Sole
NORDIC AMERICAN TANKER Common G6577310 1,621,875 75,000 SH Other (1) Sole
NEWPORT CORP Common 651824104 1,592,656 10,000 SH Other (1) Sole
NATIONWIDE FINANCIAL SERVICES Common 638612101 373,750 10,000 SH Other (1) Sole
NUMEREX CORP PA CL A Common 67053A102 650,000 50,000 SH Other (1) Sole
NOBLE INTERNATIONAL LTD Common 655053106 544,141 87,500 SH Other (1) Sole
NS GROUP, INC. Common 628916108 1,787,400 90,000 SH Other (1) Sole
NETSMART TECHNOLOGIES INC Common 64114W306 496,000 128,000 SH Other (1) Sole
ORTHODONTIC CENTERS OF AMERICA Common 68750P103 333,125 10,000 SH Other (1) Sole
OGDEN CORP Common 676346109 271,250 20,000 SH Other (1) Sole
OLIN CORP Common 680665205 3,399,375 210,000 SH Other (1) Sole
OWENS & MINOR INC Common 690732102 1,260,000 80,000 SH Other (1) Sole
OMI CORP NEW Common Y6476W104 7,118,751 850,000 SH Other (1) Sole
OAKLEY INC Common 673662102 702,500 40,000 SH Other (1) Sole
OFFICAL PAYMENTS CORP Common 676235104 1,621,786 200,000 SH Other (1) Sole
PACKAGING CORP OF AMERICA Common 695156109 663,750 60,000 SH Other (1) Sole
PLUG POWER INC Common 72919P103 447,000 12,000 SH Other (1) Sole
PMC SIERRA INC Common 69344F106 1,076,250 5,000 SH Other (1) Sole
PROBEX CORP Common 742670201 93,787 36,600 SH Other (1) Sole
POWERBALL INTERNATIONAL INC Common 73931T107 418,750 50,000 SH Other (1) Sole
PROFORMANCE TECHNOLOGIES INC Common 71376K102 541,407 38,500 SH Other (1) Sole
PACTIV CORPORATION Common 695257105 3,580,000 320,000 SH Other (1) Sole
PW EAGLE INC Common 69366Y108 3,755,500 259,000 SH Other (1) Sole
PENNZOIL-QUAKER STATE CO Common 709323109 630,000 60,000 SH Other (1) Sole
QAD INC Common 74727D108 230,625 90,000 SH Other (1) Sole
QUAKER FABRIC CORP NEW Common 747399103 1,543,500 294,000 SH Other (1) Sole
QUINTEL COMMUNICATIONS INC Common 748762101 606,250 100,000 SH Other (1) Sole
RADIANT SYSTEMS INC Common 75025N102 2,616,300 122,400 SH Other (1) Sole
RAWLINGS SPORTING GOODS Common 754459105 691,688 119,000 SH Other (1) Sole
READ-RITE CORP Common 755246105 900,000 80,000 SH Other (1) Sole
RICHARDSON ELECTRONICS LTD. Common 763165107 460,625 27,500 SH Other (1) Sole
RESPIRONICS INC Common 761230101 1,017,937 61,000 SH Other (1) Sole
ROBINSON NUGENT INC Common 770810109 3,400,000 200,000 SH Other (1) Sole
ROHN INDUSTRIES INC Common 775381106 2,256,250 475,000 SH Other (1) Sole
RENTECH INC Common 760112102 656,579 348,000 SH Other (1) Sole
SANMINA CORP Common 800907107 1,404,375 15,000 SH Other (1) Sole
SCHNITZER STEEL INDS. INC. Common 806882106 954,751 67,000 SH Other (1) Sole
SYCAMORE NETWORK INC Common 871206108 1,080,000 10,000 SH Other (1) Sole
ALL AMERICAN SEMICONDUCTOR INC Common 016557407 2,382,126 118,000 SH Other (1) Sole
SALTON INC Common 795757103 937,063 29,000 SH Other (1) Sole
STEVEN MADDEN LTD Common 556269108 1,548,188 179,500 SH Other (1) Sole
SIRIUS SATELLITE RADIO INC Common 82966U103 528,750 10,000 SH Other (1) Sole
STEIN MART INC Common 858375108 724,439 67,000 SH Other (1) Sole
SPECTRUM CONTROL, INC. Common 847615101 1,124,375 70,000 SH Other (1) Sole
SMURFIT-STONE CONTAINER Common 832727101 600,000 50,000 SH Other (1) Sole
SPS TECHNOLOGIES Common 784626103 344,350 7,100 SH Other (1) Sole
SERV-TECH INC Common 828820100 242,188 25,000 SH Other (1) Sole
STORAGENETWORKS INC Common 86211E103 1,021,875 10,000 SH Other (1) Sole
STAR BUFFET Common 855086104 858,000 264,000 SH Other (1) Sole
TERADYNE INC Common 880770102 350,000 10,000 SH Other (1) Sole
TERAYON COMMUNICATIONS Common 880775101 339,375 10,000 SH Other (1) Sole
THREE FIVE SYSTEMS INC Common 88554L108 1,170,000 40,000 SH Other (1) Sole
TELEFLEX INC Common 879369106 1,718,750 50,000 SH Other (1) Sole
THOMAS GROUP INC Common 884402108 1,603,000 229,000 SH Other (1) Sole
TIER TECHNOLOGIES INC Common 88650Q100 290,078 39,500 SH Other (1) Sole
TEEKAY SHIPPING CORP Common Y8564W103 3,520,313 75,000 SH Other (1) Sole
TLC LASER EYE CENTERS Common 87255E108 801,664 217400 SH Other (1) Sole
TUMBLEWEED COMMUNICATIONS Common 899690109 1,020,000 20,000 SH Other (1) Sole
TODD SHIPYARDS CORP Common 889039103 425,625 60,000 SH Other (1) Sole
TOMMY HILFIGER Common G8915Z102 288,750 30,000 SH Other (1) Sole
TOPPS CO INC Common 890786106 459,375 50,000 SH Other (1) Sole
TOYS R US Common 892335100 650,000 40,000 SH Other (1) Sole
TITAN INTERNATIONAL INC-ILL Common 88830M102 949,875 178,800 SH Other (1) Sole
VIANT CORP Common 92553N107 1,968,125 335,000 SH Other (1) Sole
KNIGHTSBRIDGE TANKERS Common G5259G106 2,187,500 100,000 SH Other (1) Sole
VALENCE TECHNOLOGY INC Common 918914102 1,121,250 65,000 SH Other (1) Sole
VULCAN MATERIALS Common 929160109 200,938 5,000 SH Other (1) Sole
VERISIGN INC Common 92343E102 1,012,813 5,000 SH Other (1) Sole
VERITY INC Common 92343C106 2,855,000 80,000 SH Other (1) Sole
VIALOG Common 92552X106 2,555,625 290,000 SH Other (1) Sole
WAVE SYSTEMS CORP Common 943526103 251,250 15,000 SH Other (1) Sole
DEL WEBB CORP Common 947423109 1,665,000 60,000 SH Other (1) Sole
WILSONS LEATHER EXPERTS INC Common 972463103 1,165,031 64,500 SH Other (1) Sole
XILINX USD Common 983919101 856,250 10,000 SH Other (1) Sole
VENATOR GROUP Common 922944103 1,144,678 92,500 SH Other (1) Sole
-----------
TOTAL 272,065,986
===========
</TABLE>
