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, 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 July 20,1999
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: 118
Form 13F Information Table Value Total: 103414000
List of Other Included Managers:
No. 13F File Number Name
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Lehrer Management Company
FORM 13F
June 30, 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
292052323.9997SH Sole 52323.9997
D ABBOTT LABORATORIES COM 002824100 2816200.0000
SH Sole 6200.0000
D ADAPTEC COM 00651F108
133737850.0000SH Sole 37850.0000
D ADVANTA A COM 007942105
59933150.0000SH Sole 33150.0000
D ALLEGHANY POWER COM 017361106 2317200.0000
SH Sole 7200.0000
D ALLSTATE INSURANCE COM 020002101
83323220.0000SH Sole 23220.0000
D ALLTEL CORP. COM 020039103 2283184.0000
SH Sole 3184.0000
D AMBAC INC. COM 023139108
83414600.0000SH Sole 14600.0000
D AMERICAN ELECTRIC POWER COM 025537101
52213900.0000SH Sole 13900.0000
D AMERICAN GEN CORP COM 026351106 4195561.0000
SH Sole 5561.0000
D AMERICAN HOME PRODUCTS COM 026609107 2624560.0000
SH Sole 4560.0000
D ANALOG DEVICES, INC. COM 032654105 2014000.0000
SH Sole 4000.0000
D ASSOCIATES FIRST CAPITAL A COM 046008108 2786292.0000
SH Sole 6292.0000
D ATLANTIC RICHFIELD CO. COM 048825103
305036495.0000SH Sole 36495.0000
D ATMEL CORP. COM 049513104
249395200.0000SH Sole 95200.0000
D BANC ONE CORP. COM 059438101
203034084.0000SH Sole 34084.0000
D BANK OF NEW YORK COM 064057102
95826100.0000SH Sole 26100.0000
D BANKAMERICA CORP. COM 066050105
163922354.0007SH Sole 22354.0007
D BEC ENERGY COM 100599109 3518500.0000
SH Sole 8500.0000
D BELL ATLANTIC COM 077853109
109816802.0000SH Sole 16802.0000
D BELLSOUTH COM 079860102
149532404.0000SH Sole 32404.0000
D CALLAWAY GOLF COM 131193104
80655100.0000SH Sole 55100.0000
D CAROLINA POWER & LIGHT COM 144141108 3949200.0000
SH Sole 9200.0000
D CENTRAL & SOUTHWEST COM 152357109
30413000.0000SH Sole 13000.0000
D CHASE MANHATTAN CORP. COM 16161A108
232126832.0000SH Sole 26832.0000
D CHEVRON CORP. COM 166751107 1711798.0009
SH Sole 1798.0009
D CIGNA CORP. COM 125509109 4545101.0007
SH Sole 5101.0007
D CISCO SYSTEMS COM 17275R102
182128262.0000SH Sole 28262.0000
D CITIGROUP INC./C COM 171196108
269656763.7380SH Sole 56763.7380
D COMERICA INC. COM 200340107 5769691.0000
SH Sole 9691.0000
D COMMUNITY BANK SYSTEMS COM 203607106
31712500.0000SH Sole 12500.0000
D COMPAQ COMPUTER COM 204493100
65027450.0000SH Sole 27450.0000
D CONSECO INC COM 208464107
34311277.0000SH Sole 11277.0000
D DANA CORPORATION COM 235811106
67714700.0000SH Sole 14700.0000
D DIME BANCORP INC. COM 25429Q102
87543500.0000SH Sole 43500.0000
D DOMINION RESOURCES VA COM 257470104
233553900.0000SH Sole 53900.0000
D EASTMAN KODAK COM 277461109 2603837.0000
SH Sole 3837.0000
D ELECTRONICS FOR IMAGING COM 286082102
134626200.0000SH Sole 26200.0000
D EQUITABLE COMPANIES/EQ COM 29444g107
103215400.0000SH Sole 15400.0000
D FEDERAL NATIONAL MORTGAGE COM 313586109
92813600.0000SH Sole 13600.0000
D FEDERATED DEPARTMENT STORES COM 31410h101
66712600.0000SH Sole 12600.0000
D FILENE'S BASEMENT COM 316866102
201140000.0000SH Sole 140000.0000
D FIRST SECURITY CORP. COM 336294103
55320296.0000SH Sole 20296.0000
D FIRST UNION CO. COM 337358105
174737066.0000SH Sole 37066.0000
D FLEET FINANCIAL GROUP NEW COM 338915101
63014200.0000SH Sole 14200.0000
D FLORIDA PROGRESS CORP. COM 341109106 2004850.0000
SH Sole 4850.0000
D FORD MOTOR CORP. COM 345370100
67311922.0000SH Sole 11922.0000
D FRIEDE GOLDMAN INTERNATIONAL COM 358430106
29121100.0000SH Sole 21100.0000
D FRONTIER CORP. (ROCHESTER TELE COM 35906P105 3996800.0000
SH Sole 6800.0000
D FRUIT OF THE LOOM, CLASS A COM 359416104
14014400.0000SH Sole 14400.0000
D GENERAL ELECTRIC COM 369604103
115410210.9030SH Sole 10210.9030
D GENZYME COM 372917104
269255500.0000SH Sole 55500.0000
D GENZYME SURGCL PRODS DIV COM 372917609
4410082.0000SH Sole 10082.0000
D GLOBAL MARINE COM 379352404
85255000.0000SH Sole 55000.0000
D GOLDEN STATE BANCORP INC COM 381197102 1737700.0000
SH Sole 7700.0000
D GREATER BAY BANCORP COM 391648102 3189552.0000
SH Sole 9552.0000
D GTE CORP. COM 362320103
246532644.0000SH Sole 32644.0000
D HALLIBURTON CO HOLDING CO COM 406216101
74716500.0000SH Sole 16500.0000
D HARTFORD FINANCIAL GROUP COM 416515104 2514300.0000
SH Sole 4300.0000
D HEWLETT-PACKARD CO. COM 428236103 2412400.0000
SH Sole 2400.0000
D HOUSEHOLD INTERNATIONAL COM 441815107 4559600.0000
SH Sole 9600.0000
D HUDSON UNITED BANCORP COM 444165104
81626001.0000SH Sole 26001.0000
D IMPERIAL BANCORP COM 452556103
2491125708.0000SH Sole 125708.0000
D IN FOCUS SYSTEMS COM 452919103
19513000.0000SH Sole 13000.0000
D INFORMIX COM 456779107
1988233000.0000SH Sole 233000.0000
D INTEL CORP. COM 458140100
73412342.0008SH Sole 12342.0008
D INTERNATIONAL BUSINESS MACHINE COM 459200101 8406502.0697
SH Sole 6502.0697
D INTL FUEL TECH INC COM 45953X109
620000.0000SH Sole 20000.0000
D LEHMAN BROS HOLDING INC. COM 524908100
109317600.0000SH Sole 17600.0000
Lehrer Management Company
FORM 13F
June 30, 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 LINCOLN NATIONAL CORP. COM 534187109
87916800.0000SH Sole 16800.0000
D MBIA INC. COM 55262c100 6229600.0000
SH Sole 9600.0000
D MBNA COM 55262L100
190362150.0000SH Sole 62150.0000
D MC DONALDS CORP. COM 580135101 1212932.0000
SH Sole 2932.0000
D MCKESSON CORP COM 58155q103
151447050.0000SH Sole 47050.0000
D MEDIAONE GROUP COM 912889201
105714208.0000SH Sole 14208.0000
D MERCK & CO. COM 589331107 5377292.0710
SH Sole 7292.0710
D MERCURY GENERAL COM 589400100 2627700.0000
SH Sole 7700.0000
D MERRILL LYNCH & COMPANY COM 590188108
99012450.0000SH Sole 12450.0000
D MGIC INVESTMENT COM 552848103
71014600.0000SH Sole 14600.0000
D MICROSOFT CORP. COM 594918104 1791984.0000
SH Sole 1984.0000
D NCI BUILDING SYSTEMS COM 628852105
41019200.0000SH Sole 19200.0000
D NEIMAN-MARCUS GROUP COM 640204103
164964200.0000SH Sole 64200.0000
D NEVADA FIRST BANK COM
?10000.0000SH Sole 10000.0000
D NEW ENGLAND ELECTRIC SYSTEMS COM 644001109
95219000.0000SH Sole 19000.0000
D OFFICEMAX COM 67622m108
52343600.0000SH Sole 43600.0000
D ORACLE CORP. COM 68389X105
83522480.0000SH Sole 22480.0000
D PACIFICORP COM 695114108
23512800.0000SH Sole 12800.0000
D PAIRGAIN TECHNOLOGIES COM 695934109
39634400.0000SH Sole 34400.0000
D PENNEY JC CO INC COM 708160106
100520700.0000SH Sole 20700.0000
D PFIZER INC. COM 717081103 1631500.0000
SH Sole 1500.0000
D PMC-SIERRA COM 69344F106 5198800.0000
SH Sole 8800.0000
D PNC BANK CORP. COM 693475105
278448315.0000SH Sole 48315.0000
D PRE-PAID LEGAL SERVICES COM 740065107
79529300.0000SH Sole 29300.0000
D PROCTER & GAMBLE COM 742718109 3473887.8079
SH Sole 3887.8079
D RELIANT ENERGIES COM 75982J102
117442500.0000SH Sole 42500.0000
D REPUBLIC NEW YORK CORP. COM 760719104 3495120.0000
SH Sole 5120.0000
D RIGGS NATIONAL CORP. COM 766570105
32715900.0000SH Sole 15900.0000
D SAN JOSE NATIONAL BANK COM 784273104
62020500.0000SH Sole 20500.0000
D SBC COMMUNICATIONS COM 78387G103
300451801.0000SH Sole 51801.0000
D SCHERING PLOUGH CORP. COM 806605101
59811400.0000SH Sole 11400.0000
D SEARS ROEBUCK & CO. COM 812387108
53211939.0000SH Sole 11939.0000
D SILICON VALLEY BANK COM 827064106
3196129118.0000SH Sole 129118.0000
D SOUTHERN CO./SO COM 842587107
42416000.0000SH Sole 16000.0000
D SYMANTEC CORP COM 871503108
84733200.0000SH Sole 33200.0000
D T C F FINANCIAL CORP COM 872275102
105938000.0000SH Sole 38000.0000
D TELEGLOBE INC./TGO COM 87941v100
47916089.0000SH Sole 16089.0000
D TEXAS UTILITIES COM 882848104
48511700.0000SH Sole 11700.0000
D TIDEWATER INC. COM 886423102
82727100.0000SH Sole 27100.0000
D TRANSAMERICA COM 893485102 3454600.0000
SH Sole 4600.0000
D TRANSOCEANIC OFFSHORE COM g90076103
64624600.0000SH Sole 24600.0000
D U.S. WEST INC NEW COM 912889102
165028092.0000SH Sole 28092.0000
D USWEB CORP COM 917327108
43319500.0000SH Sole 19500.0000
D WARNER LAMBERT CO. COM 934488107 4406360.0000
SH Sole 6360.0000
D WELLPOINT HEALTH NETWORKS COM 94973H108 2322733.0000
SH Sole 2733.0000
D WILMINGTON TRUST CORP. COM 971807102 3846700.0000
SH Sole 6700.0000
D KRISTON MEDICAL INC. ? 25000
SH Sole 25000
D FIDELITY GROWTH & INCOME PORTF 316389204 283 5812.527
SH Sole 5812.527
D PUTNAM INVESTORS A 746809102 23914719.756
SH Sole 14719.756
S REPORT SUMMARY 118 DATA RECORDS 103414
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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