UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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: Lehrer Management Company, Inc.
Address: 20370 Town Center Lane,
Suite 140
Cupertino, CA, 95014
13F File Number: 28-7082
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: Norman H. Lehrer
Title: President
Phone: 408-996-3369
Signature, Place, and Date of Signing
Norman H. Lehrer Cupertino, California June 15,1999
Report Type (Check only one.) :
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager: 0
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 110
Form 13F Information Table Value Total: 94369000
List of Other Included Managers:
No. 13F File Number Name
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Lehrer Management Company
FORM 13F
March 31, 1999
Voting Authority
--------------------------
Value Shares/
Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt
Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- -------
- --- ---- ------- ---------- -------- -------- --------
D A T & T CORP. COM 001957109
306838435.9997SH Sole 38435.9997
D ABBOTT LABORATORIES COM 002824100 3196824.0000
SH Sole 6824.0000
D ADAPTEC COM 00651F108
112049100.0000SH Sole 49100.0000
D ADVANCED MICRO-DEVICES COM 007903107
20313070.0000SH Sole 13070.0000
D ADVANTA A COM 007942105
45340950.0000SH Sole 40950.0000
D ALLEGHANY POWER COM 017361106 2127200.0000
SH Sole 7200.0000
D ALLSTATE INSURANCE COM 020002101
86123220.0000SH Sole 23220.0000
D AMBAC INC. COM 023139108
78814600.0000SH Sole 14600.0000
D AMERICAN ELECTRIC POWER COM 025537101
63916100.0000SH Sole 16100.0000
D AMERICAN GEN CORP COM 026351106 3925561.0000
SH Sole 5561.0000
D AMERICAN HOME PRODUCTS COM 026609107 2984560.0000
SH Sole 4560.0000
D ASSOCIATES FIRST CAPITAL A COM 046008108 2836292.0000
SH Sole 6292.0000
D ATLANTIC RICHFIELD CO. COM 048825103
289939645.0000SH Sole 39645.0000
D ATMEL CORP. COM 049513104
146196200.0000SH Sole 96200.0000
D BANC ONE CORP. COM 059438101
188434210.0000SH Sole 34210.0000
D BANK OF NEW YORK COM 064057102
98827500.0000SH Sole 27500.0000
D BANKAMERICA CORP. COM 066050105
166423567.0007SH Sole 23567.0007
D BANKERS TRUST N.Y. COM 066365107
255028900.0000SH Sole 28900.0000
D BEC ENERGY COM 100599109 3128500.0000
SH Sole 8500.0000
D BELL ATLANTIC COM 077853109
89217258.0000SH Sole 17258.0000
D BELLSOUTH COM 079860102
131032704.0000SH Sole 32704.0000
D BERKSHIRE HATHWAY CLASS B COM 084670991 334 142.0000
SH Sole 142.0000
D CALLAWAY GOLF COM 131193104
63862600.0000SH Sole 62600.0000
D CAROLINA POWER & LIGHT COM 144141108
38610200.0000SH Sole 10200.0000
D CENTRAL & SOUTHWEST COM 152357109
30513000.0000SH Sole 13000.0000
D CHASE MANHATTAN CORP. COM 16161A108
247630432.0000SH Sole 30432.0000
D CHEVRON CORP. COM 166751107 2482798.0009
SH Sole 2798.0009
D CIGNA CORP. COM 125509109 4285101.0007
SH Sole 5101.0007
D CISCO SYSTEMS COM 17275R102
221620222.0000SH Sole 20222.0000
D CITIGROUP INC./C COM 171196108
265041483.0020SH Sole 41483.0020
D COMERICA INC. COM 200340107
78812614.0000SH Sole 12614.0000
D COMMUNITY BANK SYSTEMS COM 203607106
31013000.0000SH Sole 13000.0000
D CONSECO INC COM 208464107
34811277.0000SH Sole 11277.0000
D DANA CORPORATION COM 235811106
57415100.0000SH Sole 15100.0000
D DIME BANCORP INC. COM 25429Q102
100943500.0000SH Sole 43500.0000
D DOMINION RESOURCES VA COM 257470104
220759750.0000SH Sole 59750.0000
D EASTMAN KODAK COM 277461109 2553990.0000
SH Sole 3990.0000
D ELECTRONICS FOR IMAGING COM 286082102
239861500.0000SH Sole 61500.0000
D EQUITABLE COMPANIES/EQ COM 29444g107
119017000.0000SH Sole 17000.0000
D FEDERAL NATIONAL MORTGAGE COM 313586109
95613800.0000SH Sole 13800.0000
D FEDERATED DEPARTMENT STORES COM 31410h101
53413300.0000SH Sole 13300.0000
D FIRST SECURITY CORP. COM 336294103
40220808.0000SH Sole 20808.0000
D FIRST UNION CO. COM 337358105 2334366.0000
SH Sole 4366.0000
D FLEET FINANCIAL GROUP NEW COM 338915101
54214400.0000SH Sole 14400.0000
D FLORIDA PROGRESS CORP. COM 341109106 2115582.0000
SH Sole 5582.0000
D FORD MOTOR CORP. COM 345370100
67611922.0000SH Sole 11922.0000
D FRANKLIN RESOURCES COM 354613101
142050500.0000SH Sole 50500.0000
D FRONTIER CORP. (ROCHESTER TELE COM 35906P105 3536800.0000
SH Sole 6800.0000
D FRUIT OF THE LOOM, CLASS A COM 359416104
17716500.0000SH Sole 16500.0000
D GENERAL ELECTRIC COM 369604103
138712541.0240SH Sole 12541.0240
D GENZYME COM 372917104
304160300.0000SH Sole 60300.0000
D GLOBAL MARINE COM 379352404
69359000.0000SH Sole 59000.0000
D GOLDEN STATE BANCORP INC COM 381197102 1878400.0000
SH Sole 8400.0000
D GREATER BAY BANCORP COM 391648102 2779552.0000
SH Sole 9552.0000
D GTE CORP. COM 362320103
209034549.0000SH Sole 34549.0000
D HALLIBURTON CO HOLDING CO COM 406216101
43511300.0000SH Sole 11300.0000
D HARTFORD FINANCIAL GROUP COM 416515104 2564500.0000
SH Sole 4500.0000
D HEWLETT-PACKARD CO. COM 428236103 3775552.2270
SH Sole 5552.2270
D HOUSEHOLD INTERNATIONAL COM 441815107 4389600.0000
SH Sole 9600.0000
D HUBCO INC. COM 404382103
111433206.0000SH Sole 33206.0000
D IMPERIAL BANCORP COM 452556103
2208128952.0000SH Sole 128952.0000
D IN FOCUS SYSTEMS COM 452919103
12213900.0000SH Sole 13900.0000
D INTEL CORP. COM 458140100 10158541.6385
SH Sole 8541.6385
D INTERNATIONAL BUSINESS MACHINE COM 459200101 5983376.0697
SH Sole 3376.0697
D INTL FUEL TECH INC COM 45953X109
720000.0000SH Sole 20000.0000
D LEHMAN BROS HOLDING INC. COM 524908100
106417800.0000SH Sole 17800.0000
D LINCOLN NATIONAL CORP. COM 534187109 8318400.0000
SH Sole 8400.0000
D MBIA INC. COM 55262c100 5579600.0000
SH Sole 9600.0000
D MBNA COM 55262L100
149862750.0000SH Sole 62750.0000
Lehrer Management Company
FORM 13F
March 31, 1999
Voting Authority
--------------------------
Value Shares/
Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt
Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- -------
- --- ---- ------- ---------- -------- -------- --------
D MC DONALDS CORP. COM 580135101 1763884.6880
SH Sole 3884.6880
D MEDIAONE GROUP COM 912889201
94614912.0000SH Sole 14912.0000
D MERCK & CO. COM 589331107 6337896.5150
SH Sole 7896.5150
D MERCURY GENERAL COM 589400100 3359600.0000
SH Sole 9600.0000
D MERRILL LYNCH & COMPANY COM 590188108
113312800.0000SH Sole 12800.0000
D MGIC INVESTMENT COM 552848103
54315500.0000SH Sole 15500.0000
D MICROSOFT CORP. COM 594918104 2412684.0000
SH Sole 2684.0000
D NCI BUILDING SYSTEMS COM 628852105
45119200.0000SH Sole 19200.0000
D NEIMAN-MARCUS GROUP COM 640204103
174277000.0000SH Sole 77000.0000
D NEVADA FIRST BANK COM
12010000.0000SH Sole 10000.0000
D NEW ENGLAND ELECTRIC SYSTEMS COM 644001109
101420900.0000SH Sole 20900.0000
D OCCIDENTAL PETROLEUM COM 674599105
19911079.0000SH Sole 11079.0000
D ORACLE CORP. COM 68389X105
68025768.0000SH Sole 25768.0000
D PACIFICORP COM 695114108
23613700.0000SH Sole 13700.0000
D PAIRGAIN TECHNOLOGIES COM 695934109
37338250.0000SH Sole 38250.0000
D PMC-SIERRA COM 69344F106 3134400.0000
SH Sole 4400.0000
D PNC BANK CORP. COM 693475105
272449025.0000SH Sole 49025.0000
D PROCTER & GAMBLE COM 742718109 4204287.8079
SH Sole 4287.8079
D RELIANT ENERGIES COM 75982J102
131050250.0000SH Sole 50250.0000
D RIGGS NATIONAL CORP. COM 766570105
27816500.0000SH Sole 16500.0000
D SAN JOSE NATIONAL BANK COM 784273104
59821750.0000SH Sole 21750.0000
D SBC COMMUNICATIONS COM 78387G103
256454335.0000SH Sole 54335.0000
D SCHERING PLOUGH CORP. COM 806605101
67412200.0000SH Sole 12200.0000
D SEARS ROEBUCK & CO. COM 812387108
53911939.0000SH Sole 11939.0000
D SILICON VALLEY BANK COM 827064106
2798135243.0000SH Sole 135243.0000
D SOLECTRON CORP COM 834182107 2916000.0000
SH Sole 6000.0000
D SOUTHERN CO./SO COM 842587107
39216800.0000SH Sole 16800.0000
D SYMANTEC CORP COM 871503108
62236700.0000SH Sole 36700.0000
D T C F FINANCIAL CORP COM 872275102
100938700.0000SH Sole 38700.0000
D TELEGLOBE INC./TGO COM 87941v100
49816424.0000SH Sole 16424.0000
D TEXAS UTILITIES COM 882848104
55413200.0000SH Sole 13200.0000
D TIDEWATER INC. COM 886423102
71927800.0000SH Sole 27800.0000
D TRANSAMERICA COM 893485102 3274600.0000
SH Sole 4600.0000
D U.S. WEST INC NEW COM 912889102
172831384.0000SH Sole 31384.0000
D UTILICORP UNITED COM 918005109 2159450.0000
SH Sole 9450.0000
D WARNER LAMBERT CO. COM 934488107 4216360.0000
SH Sole 6360.0000
D WELLPOINT HEALTH NETWORKS COM 94973H108 2072733.0000
SH Sole 2733.0000
D WILMINGTON TRUST CORP. COM 971807102 3836700.0000
SH Sole 6700.0000
D KRISTON MEDICAL INC. ? 25000
SH Sole 25000
D FIDELITY GROWTH & INCOME PORTF 316389204 296 6342.646
SH Sole 6342.646
D PUTNAM INVESTORS A 746809102 23014719.756
SH Sole 14719.756
S REPORT SUMMARY 110 DATA RECORDS 94369
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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