CAPITAL MANAGEMENT CORP /VA
13F-HR, 1999-08-16
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 13F

FORM 13F COVER PAGE

Report for the Calendar 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:       The Capital Management Corporation
Address:    9030 Stony Point Parkway, Suite 150
            Richmond, Virginia 23235

13F File Number:  28-801-13252

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:       Susan Kidd
Title:      Office Manager
Phone:      (804) 327-0302

Signature, Place, and Date of Signing:

     Susan Kidd               Richmond, Virginia              August 13, 1999
     [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).)


<PAGE>
        FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:       0

Form 13F Information Table Entry Total: 125
Form 13F Information Table Value Total: $137,749,720 (thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]

   No.             13F File Number         Name

                     NONE
<TABLE> <C> <C>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150
Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7      ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)

AT&T Corporation                   001957109 1,028,801         18,433            X                            X

Abbott Labs                        00282410  1,737,863       38,300          X                           X

Advanced Energy Ind                007973100 1,362,917       33,600          X                           X

Alcoa, Inc.                        013817101   541,406         8,750           X                           X

America On-Line, Inc.              02364J104   330,000         3,000           X                           X

American Home Products             02660910  3,190,050       55,600          X                           X

AMGEN, Inc.                        031162100 3,491,181       57,350          X                           X

Analytical Surveys, Inc.           032683302           1,599,463       64,300          X                           X

Apache Corporation                 037411105           1,380,600       35,400          X                           X

AptarGroup, Inc.                   038336103           1,782,000       59,400          X                           X

Atlantic Richfield                 048825103           221,442         2,650           X                           X

BB&T Corporation                   054937107           904,286         24,648          X                           X

BP Amoco PLC ADR                   055622104           1,157,912       10,672          X                           X

Banc One Corporation               05943810            499,326         11,766          X                           X

Bank of America Corp               060505104           1,306,878       17,826          X                           X

Bell Atlantic Corp                 077853109           398,526         6,096           X                           X

BellSouth Corp                     079860102           585,788         12,700          X                           X

COLUMN TOTALS                      21,518,439          460,491

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Biomet, Inc.                       096013100      1,085,175    27,300            X                            X

Boston Scientific                  101137107      650,282      14,800            X                            X

Bristol-Myers Squibb Co.           110122108      2,179,634    30,944            X                            X

CCB Financial Corporation          124875105      374,778      7,088             X                            X

CUNO, Inc.                         126583103      585,225      30,600            X                            X

Capital One Financial Corp.        14040H105      292,362      5,250             X                            X

Carolina Power & Light Co.         144141108      261,159      6,100             X                            X

Casey's General Stores             147528103      438,000      29,200            X                            X

Circuit City Stores, Inc.          172737108      981,150      10,550            X                            X

Cisco Systems, Inc.                17275R102      1,549,605    24,048            X                            X

Clayton Homes, Inc.                184190106      1,245,026    108,850           X                            X

Coca Cola Company, Inc.            191216100      2,196,660    35,430            X                            X

Cognex Corporation                 192422103      235,144      7,450             X                            X

Corning, Inc.                      219350105      1,840,781    26,250            X                            X

Dell Computer Co., Inc.            247025109      312,650      8,450             X                            X

Dentsply Int'l, Inc.               249030107      701,663      24,300            X                            X

Walt Disney Co., Inc.              254687106      279,289      9,064             X                            X

Dominion Resources Inc.            257470104      518,715      11,976            X                            X


COLUMN TOTALS                           15,727,298     417,650

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Dow Chemical Co.                   26054310       244,234      1,925             X                            X

DuPont deNemours Co., Inc.         26353410       2,302,148    33,700            X                            X

Eastman Kodak Co.                  277461109      401,260      5,923             X                            X

Electronic Data Systems            285661104      593,487      10,481            X                            X
  Corporation

Emerson Electric Company           29101110       283,095      4,498             X                            X

Exxon Corporation                  302290101      3,244,573    42,069            X                            X

Fastenal Company                   311900104      2,383,307    45,450            X                            X

First Union Corporation            337358105      1,324,213    28,100            X                            X

First Virginia Bank                337477103      971,938      19,785            X                            X

Fleet Financial Group              338915101      408,250      9,200             X                            X

Ford Motor Company                 345370100      445,860      7,900             X                            X

Fortune Brands, Inc.               349631101      235,838      5,700             X                            X

G&K Services, Inc. Class A         361268105      513,275      9,800             X                            X

GTE Corporation                    36232010       540,889      7,164             X                            X

Gannett Company                    364730101      210,556      2,950             X                            X

General Electric Co., Inc.         369604103      5,803,680    51,360            X                            X

Georgia Pacific Corporation        373298702      515,628      20,421            X                            X
  Timber Group


COLUMN TOTALS                           20,422,231        306,426

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Glaxo Wellcome PLC ADR             37733W105      1,891,275    33,400            X                            X

Great Lakes Chemical               390568103      276,378      6,000             X                            X

HCC Insurance                      404132102      1,769,664    78,000            X                            X

Harley Davidson, Inc.              412822108      429,563      7,900             X                            X

Health Management Assoc.           421933102      490,500      43,600            X                            X

Heartland Express                  422347104      665,644      40,650            X                            X

Hershey Foods Corporation          42786610       335,469      5,650             X                            X

Hewlett Packard Company            42823610       869,325      8,650             X                            X

Hub Group, Inc.                    443320106      302,913      13,500            X                            X

IMAX Corporation                   45245E109      351,563      15,625            X                            X

Indymac Mtge Hldgs Inc.            456607100      406,400      25,400            X                            X

INTEL Corporation                  45814010       5,206,488    87,504            X                            X

Int'l Business Machines, Inc.      459200101      485,980      3,760             X                            X

Int'l Flavors & Fragrances         45950610       499,400      11,350            X                            X

Johnson & Johnson, Inc.            478160104      1,012,817    10,335            X                            X

Keane, Inc.                        486665102      1,226,841    54,225            X                            X

LandAmerica Financial              514936103      293,969      10,225            X                            X
  Group, Inc.


COLUMN TOTALS                           16,514,189     455,774

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Estee Lauder                       518439104      531,325      10,600            X                            X

Eli Lilly & Co., Inc.              53245710       968,012      13,515            X                            X

Lowes Companies, Inc.              54866110       2,193,485    38,694            X                            X

Lucent Technologies                549463107      1,832,069    27,167            X                            X

MCI World Com Inc.                 55268B106      574,126      6,671             X                            X

Meditrust Corporation              58501T306      908,677      69,561            X                            X

Medtronic, Inc.                    58505510       722,291      9,275             X                            X

Merck & Company, Inc.              589331107      553,660      7,520             X                            X

Metro Information Services         59162P104      596,006      35,850            X                            X

Microsoft Corporation              594918104      392,318      4,350             X                            X

Minerals Technology Inc.           603158106      1,318,582    23,625            X                            X

Minnesota Mining & Mfg.            604059105      773,748      8,900             X                            X

Mobil Corporation                  607059102      1,027,000    10,400            X                            X

Molex, Inc.                        608554101      299,108      8,084             X                            X

Molex, Inc. Class A                608554200      1,587,758    50,405            X                            X
  (non-voting)

Monsanto Company                   61166210       369,914      9,350             X                            X

Morrison Knudsen                   61844A109      1,812,510    175,750           X                            X


COLUMN TOTALS                           16,460,589     509,717

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Noble Drilling                     655042109      1,388,004    70,500            X                            X

Norfolk Southern Corporation       655844108      554,178      18,396            X                            X

Nucor Corporation                  67034610       462,520      9,750             X                            X

Office Depot, Inc.                 676220106      306,124      13,875            X                            X

Omnicare, Inc.                     681904108      839,563      66,500            X                            X

Oracle Systems Corporation         68389X105      1,995,098    53,740            X                            X

Pall Corporation                   69642930       533,422      24,041            X                            X

Pepsico, Inc.                      713448108      1,227,091    31,718            X                            X

Perceptron, Inc.                   71361F100      500,675      109,725           X                            X

Pfizer, Inc.                       717081103      5,144,473    47,197            X                            X

Philip Morris Companies, Inc.      718154107      4,938,623    122,888           X                            X

Procter & Gamble Co., Inc.         74271810       205,275      2,300             X                            X

Progressive Corporation            743315103      333,500      2,300             X                            X

Quintiles Transnational Corp.      748767100      560,700      13,350            X                            X

RPM, Inc.                          749685103      217,021      15,296            X                            X

Reliant Energy, Inc.               75952J108      320,450      11,600            X                            X

Right Management Consultants       766573109      564,200      36,400            X                            X

Robert Half International          770323103      579,502      22,450            X                            X


COLUMN TOTALS                           20,670,419     672,026

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)


Rockwell Int'l Corporation         773903109      525,488      8,650             X                            X

Royal Dutch Petroleum Co.          780257804      851,513      14,133            X                            X

SBC Communications Inc.            78387G103      262,276      4,522             X                            X

SPSS, Inc.                         78462K102      725,686      28,250            X                            X

Schering Plough Corporation        806605101      262,500      5,000             X                            X

Schlumberger, LTD.                 806857108      2,137,688    33,565            X                            X

ServiceMaster Company              81760N109      821,475      43,812            X                            X

Sprint Corporation                 852061100      434,600      8,200             X                            X

Sterling Commerce Inc.             859205106      1,189,230    32,360            X                            X

Suntrust Banks, Inc.               86791410       1,632,904    23,516            X                            X

Texaco, Inc.                       881694103      862,397      13,826            X                            X

Thermo Electron Corporation        883556102      1,247,337    62,171            X                            X

Timken Company                     887389104      532,350      27,300            X                            X

Tootsie Roll                       890516107      216,648      5,609             X                            X

United Dominion Realty Trust       910197102      513,757      43,724            X                            X

Vodafone Airtouch PLC              92857T107      8,209,975    41,675            X                            X

Wachovia Corporation               92977110       1,564,605    18,286            X                            X


COLUMN TOTALS                           21,990,429     414,599

<PAGE>
The Capital Management Corporation 9030 Stony Point Parkway, Suite 150   Richmond, VA 23235

ITEM 1         ITEM 2    ITEM 3    ITEM 4    ITEM 5            ITEM 6      ITEM 7         ITEM 8
                                                                       --INVESTMENT DISCRETION--         --VOTING AUTHORITY--
                         Type
                         of                  Market            Shares /    Sole  Shared       Other      Sole Shared    None
Security                 Class     CUSIP     Value             Par Value   (A)   (B)          (C)   Manager (A)    (B)       (C)

Washington Real Estate Inv.        939653101      278,630      16,450            X                            X

Westvaco Corporation               961548104      361,050      12,450            X                            X

X-Rite, Inc.                       983857103      466,433      72,450            X                            X

Xerox Corporation                  984121103      3,340,013    56,550            X                            X


COLUMN TOTALS                           4,446,126      157,900




REPORT TOTALS                           137,749,720    3,394,583



</TABLE>


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