UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Report for the Calendar Year or Quarter Ended: June 30, 2000
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [X] 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 24, 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: 195
Form 13F Information Table Value Total: $211,664
(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>
ABAXIS INC. Common 002567105 2,006,250 300,000 SH Other (1) Sole
ALLIED PRODUCTS CORP Common 019411107 468,751 300,000 SH Other (1) Sole
APPLIED EXTRUSION TECH. Common 038196101 525,000 100,000 SH Other (1) Sole
APPLIED INNOVATION INC. Common 037916103 743,751 70,000 SH Other (1) Sole
ALLIED DEVICES CORP Common 019120104 578,907 195,000 SH Other (1) Sole
ADVANTAGE LEARNING SYS, INC Common 00757K100 834,863 54,300 SH Other (1) Sole
AMERICAN SHARED HOSP SVCS Common 029595105 431,251 150,000 SH Other (1) Sole
ANSYS, INC. Common 03662Q105 2,730,000 240,000 SH Other (1) Sole
APPLIX, INC. Common 38316105 251,875 32,500 SH Other (1) Sole
APPLICA INC Common 03815A106 4,185,625 370,000 SH Other (1) Sole
ARTESYN TECHNOLOGIES INC Common 43127109 2,136,000 76,800 SH Other (1) Sole
AMERIGON, INC. Common 03070L300 629,828 86,500 SH Other (1) Sole
ASTEC INDUSTRIES INC Common 46224101 1,015,000 40,000 SH Other (1) Sole
AFTERMATH TECHNOLOGY CORP Common 008318107 2,125,000 250,000 SH Other (1) Sole
AMERICAN TECH CORP-DEL Common 030145205 427,500 95,000 SH Other (1) Sole
TIDEL TECHNOLOGIES INC Common 886368109 596,250 60,000 SH Other (1) Sole
AVERT, INC. Common 053596102 1,946,663 85,100 SH Other (1) Sole
AVTEAM, INC Common 054527205 541,406 315,000 SH Other (1) Sole
BARRINGER TECH INC NEW Common 068509603 1,959,376 285,000 SH Other (1) Sole
BOREDEN CHEMICALS & PLASTICS LP Common 99541203 1,031,251 250,000 SH Other (1) Sole
BE AVIONICS INC Common 073302101 2,200,001 320,000 SH Other (1) Sole
BINDVIEW DEVELOMENT CORP Common 90327107 2,040,000 170,000 SH Other (1) Sole
BRADLEES INC - NEW Common 104499207 2,137,501 380,000 SH Other (1) Sole
BIO VASCULAR INC Common 090923103 209,375 67,000 SH Other (1) Sole
BRITESMILE, INC. Common 104647992 225,000 50,000 SH Other (1) Sole
CALLAWAY GOLF Common 131193107 815,625 50,000 SH Other (1) Sole
CSK AUTO CORP Common 125965103 635,250 84,000 SH Other (1) Sole
CATALYST SEMICONDUCTOR INC Common 148881105 1,293,751 150,000 SH Other (1) Sole
CAL DIVE INTERNATIONAL INC Common 127914109 1,083,750 20,000 SH Other (1) Sole
CHAMPIONSHIP AUTO RACING Common 158711101 510,000 20,000 SH Other (1) Sole
CENTURY ALUMINUM CO Common 156431108 1,522,501 140,000 SH Other (1) Sole
PILGRIMS PRIDE CORP Common 72142R108 641,250 90,000 SH Other (1) Sole
CLOSURE MEDICAL CORP Common 189093107 508,300 22,100 SH Other (1) Sole
CONCORD CAMERA CORP Common 206156101 835,000 40,000 SH Other (1) Sole
CRAY INC Common 225223106 532,126 154,800 SH Other (1) Sole
CERADYNE INC-CALIF Common 156710105 1,588,750 155,000 SH Other (1) Sole
1-800 CONTACTS, INC. Common 681977104 705,000 15,000 SH Other (1) Sole
CYMER, INC. Common 232572107 4,259,300 89,200 SH Other (1) Sole
CYTEC INDS Common 232820100 1,234,375 50,000 SH Other (1) Sole
DOCUMENTUM INC Common 256159104 893,750 10,000 SH Other (1) Sole
DIGI INTERNATIONAL INC Common 253798102 325,000 50,000 SH Other (1) Sole
GTS DURATEK INC Common 36237J107 1,317,500 155,000 SH Other (1) Sole
DOLLAR THRIFTY AUTO. GRP Common 256743105 2,950,000 160,000 SH Other (1) Sole
DT INDUSTRIES, INC. Common 23333J108 468,750 50,000 SH Other (1) Sole
DAL-TILE INTERNATIONAL INC Common 23426R108 1,320,000 160,000 SH Other (1) Sole
DTM CORP Common 12222L103 534,376 225,000 SH Other (1) Sole
HEARX LTD. Common 422360305 1,106,250 300,000 SH Other (1) Sole
EGAMES INC Common 282253103 137,500 100,000 SH Other (1) Sole
ECHELON CORP Common 27874N105 695,250 12,000 SH Other (1) Sole
ENESCO GROUP INC Common 292973104 537,225 113,100 SH Other (1) Sole
ENCAD INC Common 292503109 29,375 10,000 SH Other (1) Sole
ELECTRONICS BOUTIQUE HLDGS Common 286045109 1,637,500 100,000 SH Other (1) Sole
EMCORE CORP Common 290846104 900,000 7,500 SH Other (1) Sole
ESS TECHNOLOGY INC Common 269151106 580,000 40,000 SH Other (1) Sole
E PIPHANY INC Common 26881V100 1,071,875 10,000 SH Other (1) Sole
ESPEED INC Common 296643109 977,345 22,500 SH Other (1) Sole
EXABYTE CORP Common 300615101 2,725,200 605,600 SH Other (1) Sole
EXCO RESOURCES INC NEW Common 269279204 1,177,000 117,700 SH Other (1) Sole
FASTENAL CO Common 311900104 1,518,750 30,000 SH Other (1) Sole
FTI CONSULTING INC Common 302941109 315,000 30,000 SH Other (1) Sole
FLEMING COS Common 339130106 522,500 40,000 SH Other (1) Sole
FREEMARKETS INC Common 356602102 1,802,625 38,000 SH Other (1) Sole
OSICOM TECHNOLOGIES INC Common 688271501 846,250 10,000 SH Other (1) Sole
GADZOOKS INC Common 362553109 530,549 45,700 SH Other (1) Sole
GAYLORD CONTAINER CORP CLA Common 368145108 322,500 120,000 SH Other (1) Sole
GIGA-TRONICS, INC. Common 375175106 285,000 30,000 SH Other (1) Sole
GENTEK INC Common 37245X104 341,218 30,500 SH Other (1) Sole
GENERAL BEARING CORP. Common 369147103 461,663 94,700 SH Other (1) Sole
GEON CO Common 37246W105 370,000 20,000 SH Other (1) Sole
GLOBALSTAR TELECOMMUNICATION Common G3930H104 450,000 50,000 SH Other (1) Sole
GUEST SUPPLY INC Common 401630108 1,818,750 100,000 SH Other (1) Sole
HUNTCO INC - CL A Common 445661101 1,359,876 506,000 SH Other (1) Sole
HOLLIS-EDEN PHARMACEUTICALS Common 435902101 461,869 39,100 SH Other (1) Sole
HI/FN, INC. Common 428358105 3,771,875 85,000 SH Other (1) Sole
HEALTH MANAGEMENT STMS INC Common 42219M100 468,751 150,000 SH Other (1) Sole
HOMESTORE.COM INC Common 4437852106 671,312 23,000 SH Other (1) Sole
MARINEMAX INC Common 567908108 1,454,600 207,800 SH Other (1) Sole
IBIS TECHNOLOGY CORP Common 450909106 603,750 10,000 SH Other (1) Sole
I-FLOW CORP NEW Common 449520105 215,626 75,000 SH Other (1) Sole
I KOS SYSTEMS INC Common 451716203 865,000 80,000 SH Other (1) Sole
INFOCUS CORP Common 45665B106 804,687 25,000 SH Other (1) Sole
INDEPENDENT ENERGY HOLDINGS Common 45384X108 1,039,062 125,000 SH Other (1) Sole
INTELIDATA TECHNOLOGIES CORP Common 45814T107 422,813 41,000 SH Other (1) Sole
INTERPLAY Common 460615107 26,250 10,000 SH Other (1) Sole
INVISION TECHNOLOGIES INC Common 461851107 1,640,625 375,000 SH Other (1) Sole
INTL PAPER CO Common 460146103 298,125 10,000 SH Other (1) Sole
INTERPOOL INC Common 46062R108 487,500 50,000 SH Other (1) Sole
IOMEGA CORP Common 462030107 3,795,600 948,900 SH Other (1) Sole
ITT INDUSTRIES Common 450911102 759,375 25,000 SH Other (1) Sole
ILLINOIS TOOL WKS Common 452308109 1,710,000 30,000 SH Other (1) Sole
J.JILL GROUP INC Common 466189107 525,200 80,800 SH Other (1) Sole
KERAVISION INC Common 492061106 359,012 74,600 SH Other (1) Sole
KEYSTONE CONSOLIDATED INDS Common 493422109 375,000 100,000 SH Other (1) Sole
4 KIDS ENTERTAINMENT INC Common 350865101 2,736,562 105,000 SH Other (1) Sole
KRISPY KREME DOUGHNUTS INC Common 501014104 1,470,000 20,000 SH Other (1) Sole
LAMSON & SESSIONS CO Common 513696104 704,375 46,000 SH Other (1) Sole
LUFKIN INDUSTRIES INC Common 549764108 635,000 40,000 SH Other (1) Sole
LEVEL 3 COMMUNICATIONS INC Common 52729N100 880,000 10,000 SH Other (1) Sole
MANAUGHTON APPAREL GR. INC Common 582524104 2,625,000 250,000 SH Other (1) Sole
MANUGISTICS GROUP INC Common 565011103 1,168,750 25,000 SH Other (1) Sole
MATRIA HEALTHCARE INC Common 576817100 1,424,063 310,000 SH Other (1) Sole
MAVERICK TUBE Common 577914104 291,250 10,000 SH Other (1) Sole
MAXTOR CORP Common 577729205 950,625 90,000 SH Other (1) Sole
MICROSEMI CORP Common 595137100 1,279,443 37,700 SH Other (1) Sole
MIKOHN GAMING CORP Common 59862K108 1,508,125 190,000 SH Other (1) Sole
MITEK SYSTEMS, INC. Common 606710200 460,000 80,000 SH Other (1) Sole
MUSICLAND STORES CORP Common 62758B109 743,750 100,000 SH Other (1) Sole
MEMRY CORP Common 586263204 231,875 70,000 SH Other (1) Sole
METASOLV SOFTWARE INC Common 591393103 440,000 10,000 SH Other (1) Sole
MISONIX INC Common 604871103 833,438 105,000 SH Other (1) Sole
MEASUREMENT SPECIALTIES INC Common 583421102 2,302,501 60,000 SH Other (1) Sole
METRON TECHMOLOGY Common N5665B105 378,281 30,000 SH Other (1) Sole
MUELLER INDS Common 624756102 280,000 10,000 SH Other (1) Sole
NASH FINCH, CO. Common 631158102 2,186,250 265,000 SH Other (1) Sole
NORTH AMERICAN SCIENTIFIC, INC. Common 65715D100 358,750 20,000 SH Other (1) Sole
NOBEL LEARNING COMMUNITIES INC Common 654889104 315,001 40,000 SH Other (1) Sole
NUMEREX CORP PA CL A Common 67053A102 618,750 50,000 SH Other (1) Sole
NOBLE INTERNATIONAL LTD Common 655053106 1,232,250 159,000 SH Other (1) Sole
NATIONAL PRESTO INDUSTRIES Common 637215104 618,075 20,100 SH Other (1) Sole
NEWPORT NEWS SHIPBLDG Common 652228107 735,000 20,000 SH Other (1) Sole
NEWPARK RESOURCES INC NEW Common 651718504 736,125 78,000 SH Other (1) Sole
NS GROUP, INC. Common 628916108 837,500 40,000 SH Other (1) Sole
NETBANK, INC. Common 640933107 359,444 28,900 SH Other (1) Sole
NETSMART TECHNOLOGIES INC Common 64114W306 622,501 120,000 SH Other (1) Sole
NU HORIZONS ELECTRONICS CORP. Common 669908105 2,928,750 110,000 SH Other (1) Sole
NETZERO INC Common 64122R109 234,845 45,000 SH Other (1) Sole
WILD OATS MARKETS INC Common 96808B107 251,250 20,000 SH Other (1) Sole
ONEIDA LTD. Common 682505102 1,065,000 60,000 SH Other (1) Sole
OGDEN CORP Common 676346109 344,700 38,300 SH Other (1) Sole
OWENS & MINOR INC HLDG CO Common 690732102 2,062,500 120,000 SH Other (1) Sole
OMI CORP NEW Common Y6476W104 7,612,500 1,400,000 SH Other (1) Sole
OLIN CORP Common 680665205 1,666,500 101,000 SH Other (1) Sole
OFFICAL PAYMENTS CORP Common 676235104 862,500 200,000 SH Other (1) Sole
UNIVERSAL DISPLAY CORP. Common 91347P105 935,157 31,500 SH Other (1) Sole
PAUL HARRIS STORES INC NEW Common 703555201 1,312,500 500,000 SH Other (1) Sole
PACTIV CORPORATION Common 695257105 630,000 80,000 SH Other (1) Sole
PARK ELECTROCHEMICAL CORP Common 700416209 1,081,875 30,000 SH Other (1) Sole
PENNZOIL-QUAKER STATE Common 709323109 723,750 60,000 SH Other (1) Sole
PERRIGO Common 714290103 157,812 25,000 SH Other (1) Sole
PIER 1 IMPORTS INC Common 720279108 1,462,500 150,000 SH Other (1) Sole
PANJA INC Common 698493103 367,500 30,000 SH Other (1) Sole
PKG CORP Common 695156109 607,500 60,000 SH Other (1) Sole
PROBEX CORP Common 742670201 293,750 100,000 SH Other (1) Sole
PROFORMANCE TECHNOLOGIES INC Common 71376K102 327,250 38,500 SH Other (1) Sole
PLUG POWER Common 72919P103 375,000 6,000 SH Other (1) Sole
PMC SIERRA INC Common 69344F106 1,776,875 10,000 SH Other (1) Sole
PW EAGLE INC Common 69366Y108 5,981,251 330,000 SH Other (1) Sole
QAD INC Common 74727D108 580,875 154,900 SH Other (1) Sole
QUAKER FABRIC CORP NEW Common 747399103 2,050,313 405,000 SH Other (1) Sole
QUALCOMM INC Common 747525103 900,000 15,000 SH Other (1) Sole
RYDER SYSTEM INC Common 783549108 189,375 10,000 SH Other (1) Sole
RICHARDSON ELECTRONICS LTD. Common 763165107 1,124,375 70,000 SH Other (1) Sole
RESPIRONICS INC Common 761230101 1,800,000 100,000 SH Other (1) Sole
REHABCARE CORP Common 759148109 926,500 34,000 SH Other (1) Sole
RF MICRO DEVICES Common 749941100 613,375 7,000 SH Other (1) Sole
ROBINSON NUGENT INC Common 770810109 2,125,000 170,000 SH Other (1) Sole
ROHN INDUSTRIES INC Common 775381106 1,582,032 375,000 SH Other (1) Sole
DISPATCH MANAGEMENT SVCS C Common 254937106 131,250 100,000 SH Other (1) Sole
RENTECH INC Common 760112102 218,750 100,000 SH Other (1) Sole
SAP Common 803054204 704,062 15,000 SH Other (1) Sole
FRESH CHOICE, INC. Common 358032100 262,500 87,500 SH Other (1) Sole
SCHNITZER STEEL INDS. INC. Common 806882106 1,063,625 67,000 SH Other (1) Sole
ALL AMERICAN SEMICONDUCTOR INC Common 16557407 2,590,000 140,000 SH Other (1) Sole
SALTON INC Common 795757103 1,069,376 29,000 SH Other (1) Sole
STEVEN MADDEN LTD Common 556269108 1,640,625 250,000 SH Other (1) Sole
STEIN MART INC Common 858375108 2,203,750 215,000 SH Other (1) Sole
SPECTRUM CONTROL, INC. Common 847615101 953,751 70,000 SH Other (1) Sole
SPS TECHNOLOGIES Common 784626103 291,543 7,100 SH Other (1) Sole
STAR BUFFET Common 855086104 927,500 265,000 SH Other (1) Sole
TACO CABANA INC CL A Common 873425102 728,751 110,000 SH Other (1) Sole
TEEKAY SHIPPING CORP Common Y8564W103 986,250 30,000 SH Other (1) Sole
TECH DATA CORP Common 878237106 653,437 15,000 SH Other (1) Sole
TENET HEALTHCARE Common 88033G100 945,000 35,000 SH Other (1) Sole
TERAYON COMM Common 880775101 1,605,859 25,000 SH Other (1) Sole
THOMAS GROUP INC Common 884402108 1,903,563 229,000 SH Other (1) Sole
TIVO INC Common 888706108 350,000 10,000 SH Other (1) Sole
TOLLGRADE COMMUNICATIONS INC Common 889542106 662,500 5,000 SH Other (1) Sole
TODD SHIPYARDS CORP Common 889039103 472,500 60,000 SH Other (1) Sole
TOYS R US Common 892335100 1,820,312 125,000 SH Other (1) Sole
TECHNOLOGY SOLUTIONS Common 87872T108 92,813 15,000 SH Other (1) Sole
TIFFANY AND CO Common 886547108 1,485,000 22,000 SH Other (1) Sole
TITAN INTERNATIONAL INC-ILL Common 88830M102 949,875 178,800 SH Other (1) Sole
TRIPATH IMAGING INC Common 896942109 123,125 20,000 SH Other (1) Sole
TUPPERWARE CORP Common 899896104 440,000 20,000 SH Other (1) Sole
VITRIA TECHNOLOGY INC Common 92849Q104 855,751 14,000 SH Other (1) Sole
KNIGHTSBRIDGE TANKERS Common G5259G106 2,000,000 100,000 SH Other (1) Sole
VALENCE TECHNOLOGY INC Common 918914102 1,640,938 89,000 SH Other (1) Sole
VERTEL CORP Common 924907108 175,000 10,000 SH Other (1) Sole
VIALOG Common 92552X106 910,626 235,000 SH Other (1) Sole
VENTOR GROUP Common 922944103 1,435,000 140,000 SH Other (1) Sole
WIRELESS FACILITIES INC Common 97653A103 1,579,062 31,000 SH Other (1) Sole
WHOLE FOODS MARKET INC Common 966837106 640,344 15,500 SH Other (1) Sole
WOLVERINE TUBE, INC. Common 978093102 1,360,000 80,000 SH Other (1) Sole
WR GRACE & CO Common 38388F108 1,537,450 126,800 SH Other (1) Sole
XYBERNAUT CORP Common 984149104 111,875 10,000 SH Other (1) Sole
------------
TOTAL $211,663,568
============
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