MCDONALD INVESTMENTS INC /OH/
13F-HR, 1999-10-27
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<PAGE>   1
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                              FORM 13F COVER PAGE

Report for the calendar Year or Quarter Ended: Sept 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:    McDonald Investments Inc.
Address: 800 Superior Ave.
         Cleveland, Ohio 44114

13F File Number: 28-231

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person.

                                      H-6
<PAGE>   2
FORM 13F SPECIAL ELECTRONIC FILING INSTRUCTIONS Continued

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:  Ken Fox
Title: Compliance Officer
Phone: 216-263-4766
Signature, Place, and Date of Signing:

     Ken Fox  Cleveland, Ohio

Report Type ( Check only one.):

[X] 13F HOLDING REPORT.

[ ] 13F NOTICE.

[ ] 13F COMBINATION REPORT.

List of  Other Managers Reporting for this Manager:

I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1930.

Sept 1999

                                      H-7
<PAGE>   3
FORM 13F SPECIAL ELECTRONIC FILING INSTRUCTIONS Continued

                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:  0

Form 13F Information Table Entry Total: 172

Form 13F Information Table Value Total: $156,279,224

List of Other Included Managers:

Sept 1999
                                      H-8
<PAGE>   4
MCD13F                                                            SEC 13F REPORT
REPORT DATE: 10/01/99
                                                        MCDONALD INVESTMENTS INC
PAGE:     0001
<TABLE>
<CAPTION>

CUSIP                   SECURITY                           SHARES          MKT VALUE
- -------------------------------------------------------------------------------------

<S>              <C>                                      <C>             <C>
001957208        AT&T CORP LIBERTY MEDIA CORP              7,526.00        280,817.63
00949P108        AIRTRAN HOLDINGS INC                     12,500.00         62,887.50
02146C104        ALTERRA HEALTHCARE CORPORATION           74,301.00        659,421.37
02364J104        AMERICA ONLINE INC DEL                    4,960.00        516,152.48
025816109        AMERICAN EXPRESS CO                       2,000.00        270,000.00
026874107        AMERICAN INTERNATIONAL                    4,218.00        366,704.48
030954101        AMERITECH CORPORATION                     8,000.00        534,000.00
039917109        ARCHITEL SYSTEMS CORPORATION             35,000.00        339,080.00
052907102        AUTOCAM CORP                             10,500.00        177,187.50
055622104        BP AMOCO PLC                              7,061.00        782,450.59
064057102        BANK OF NEW YORK COMPANY INC              6,800.00        227,378.40
06423A103        BANK ONE CORPORATION                     41,236.00      1,435,548.86
06652B103        BANK UNITED FINANCIAL CORP               82,600.00        655,678.80
066908104        BANYAN SYSTEMS INC                       34,000.00        327,250.00
079860102        BELLSOUTH CORP                          135,756.00      6,109,020.00
090324104        BINDLEY WESTERN INDUSTRIES INC           24,925.00        356,751.52
096231105        BLUEGREEN CORPORATION                   100,000.00        475,000.00
10553F106        BRASS EAGLE INC                          16,324.00        207,151.56
109473108        BRIGHTPOINT INC                          25,000.00        182,025.00
110122108        BRISTOL MYERS SQUIBB CO                   7,500.00        506,250.00
122014103        BURLINGTON RESOURCES INC                  7,000.00        257,250.00
125609990        CJF HOLDINGS INC                         93,284.00               .00
12686C109        CABLEVISION SYSTEMS CORP                  4,000.00        291,000.00
132618109        CAMCO FINANCIAL CORP                     23,716.00        244,583.10

</TABLE>

<PAGE>   5
<TABLE>
<CAPTION>
<S>              <C>                                      <C>              <C>
137587101        CANISCO RESOURCES                        31,878.00         41,366.75
15745J205        CHAI NA TA NEW                           21,622.00         10,811.00
160903100        CHARTER ONE FINANCIAL INC                20,523.00        474,594.37
161133103        CHARMING SHOPPES INC                     40,000.00        205,000.00
171605207        CHYRON CORP NEW                          12,000.00         14,256.00
171870108        CINCINNATI BELL INC                      16,200.00        314,895.60
172062101        CINCINNATI FINANCIAL CORP                15,000.00        562,965.00
172474108        CINERGY CORP                             10,732.00        303,855.11
17275R102        CISCO SYSTEMS INC                        25,850.00      1,772,353.55
184502102        CLEAR CHANNEL COMMUNICATIONS             10,000.00        798,750.00
186202107        CLEVELAND INDIANS BASEBALL              536,331.00      8,715,378.75
197677107        COLUMBIA/HCA HEALTHCARE CORP             24,000.00        508,511.99
20338K106        COMMUNICATIONS INTELLIGENCE              20,000.00         26,260.00
207374992        CONLEY CANITANO & ASSOCIATES             27,010.00               .00
208464107        CONSECO INC                              22,330.00        424,270.00
21247M993        CONVERGENT CAPITAL MANAGEMENT           300,000.00               .00
212485106        CONVERGYS CORPORATION                    16,200.00        320,970.60
216831107        COOPER TIRE AND RUBBER CO                11,000.00        193,875.00
231910100        CYBER GUARD CORP                         16,000.00         26,000.00
23329F201        DQE CAPITAL CORP 8.3750%                 20,200.00        497,425.00
235811106        DANA CORP                                 6,350.00        235,743.75
247025109        DELL COMPUTER CORPORATION                 7,400.00        309,416.20
264411505        DUKE REALTY INVESTMENT INC               14,400.00        280,800.00
26841Y103        E DIGITAL CORPORATION                    10,900.00         14,497.00
269803102        EAGLE PICHER INDUSTRIES INC              20,071.00               .00
277461109        EASTMAN KODAK CO                          3,400.00        257,125.00
278762109        ECHOSTAR COMMUNICATIONS                   8,000.00        726,504.00
</TABLE>
MCD13F                                                            SEC 13F REPORT
REPORT DATE: 10/01/99

<PAGE>   6

<TABLE>
<CAPTION>

                                                        MCDONALD INVESTMENTS INC
PAGE:     0002
CUSIP                   SECURITY                           SHARES          MKT VALUE
- -------------------------------------------------------------------------------------

<S>              <C>                                      <C>             <C>
291525103        EMMIS COMMUNICATIONS CORP                  9,000.00        594,567.00
291575108        EMONS TRANSPORATION GROUP INC             19,267.00         38,534.00
299211102        EVANS SYSTEMS INC                        185,700.00        371,400.00
30049R100        EVOLVING SYSTEMS INCORPORATED             10,800.00         72,900.00
302290101        EXXON CORP                                 4,000.00        304,000.00
304231301        FAIRFIELD COMMUNITY INC                   43,000.00        470,334.00
307668103        FARM FISH INC COM                         26,551.00         23,232.12
30887A102        THE FARMERS BANCORP                        5,300.00        246,450.00
313400301        FEDERAL HOME LOAN MORTGAGE                 8,400.00        436,800.00
31614P107        FIDELITY FINANCIAL OF                     27,287.00        496,295.95
316773100        FIFTH THIRD BANCORP OHIO                 161,708.00      9,838,961.52
317922300        FINET.COM INC                             15,000.00         45,465.00
317923100        FINISH LINE CLASS A                       20,000.00        175,000.00
318900107        FIRST AMERICAN CORP                        5,000.00        217,500.00
31946M103        FIRST CITIZENS                             5,550.00        425,962.50
320218100        FIRST FINANCIAL CORP                       7,875.00        288,918.00
320545999        FIRST INTERNET BANK OF INDIANA            30,000.00        300,000.00
32054R108        FIRST INDIANA CORP                       182,286.00      3,828,006.00
337915102        FIRSTMERIT CORP                           66,974.00      1,699,465.24
337930101        FLAGSTAR BANCORP                          14,821.00        224,167.62
337932107        FIRST ENERGY CORP                        535,200.00     13,547,517.60
345469100        FOREMOST CORP OF AMERICA                  10,000.00        240,000.00
361942105        GST TELECOM INC                          140,000.00        984,340.00
369604103        GENERAL ELECTRIC CO                       26,500.00      3,141,919.50
37929C103        GLIATECH INC                              10,810.00        185,121.25
</TABLE>
<PAGE>   7

<TABLE>
<CAPTION>

<S>              <C>                                      <C>             <C>
379317100        GLOBAL CONNECTIONS INC                    20,000.00         25,000.00
396900102        GREENWELL RESOURCES CORP                  20,000.00               .00
406369108        HALSEY DRUG INC                           49,000.00        107,212.00
410783104        HANOVER DIRECT INC                        11,540.00         29,577.02
412822108        HARLEY-DAVIDSON INC                        6,000.00        300,378.00
420200107        HAWKINS CHEMICAL                          21,000.00        165,375.00
449246107        ICG COMMUNICATIONS INC                    35,000.00        544,705.00
452906100        IMATRON INC                               17,500.00         21,332.50
457662104        INSITUFORM EAST INC                       18,132.00         29,464.50
458140100        INTEL CORP                                19,210.00      1,427,552.73
458729209        INTERLEAF INC                             32,000.00        544,000.00
458801107        INTERMEDIA COMMUNICATIONS INC             31,250.00        679,687.50
459200101        INTERNATIONAL BUSINESS                     2,400.00        290,400.00
460993207        INTL TECHNEGROUP INCORPORATED             10,780.00         40,000.26
478160104        JOHNSON & JOHNSON                          6,333.00        581,844.37
493267108        KEYCORP NEW                               60,097.00      1,551,283.86
505893107        LAFAYETTE BANCORPORATION                 155,236.00      6,054,204.00
532457108        LILLY ELI & CO                            39,197.00      2,515,977.03
532879103        LINCOLN BANCORP IND                      165,200.00      1,961,750.00
533900106        LINCOLN ELECTRIC HOLDINGS CO              19,500.00        407,062.50
536619109        LITCHFIELD FINANCIAL CORP                 83,269.00      2,000,174.32
549463107        LUCENT TECHNOLOGIES INC                    4,650.00        301,668.75
55268B106        MCI WORLDCOM INC                           7,335.00        527,203.12
561240201        MALLON RESOURCES CORP NEW                 10,575.00         89,253.00
568459101        MARINER POST ACCUTE NETWORK              101,805.00         38,176.87
571783208        MARSH SUPERMARKETS INC                    26,871.00        334,221.49
</TABLE>

MCD13F                                                            SEC 13F REPORT
REPORT DATE: 10/01/99
<PAGE>   8
<TABLE>
<CAPTION>

                                                        MCDONALD INVESTMENTS INC
PAGE:     0003

CUSIP                   SECURITY                           SHARES          MKT VALUE
- -------------------------------------------------------------------------------------

<S>              <C>                                    <C>             <C>
585055106        MEDTRONIC INC                           304,534.00     10,830,142.64
589331107        MERCK & COMPANY INC                       5,750.00        372,674.75
59064R109        MESA LABORATORIES INC                    11,000.00         48,125.00
591097100        METAL MANAGEMENT INC                     37,709.00               .00
594918104        MICROSOFT CORP                            8,220.00        744,427.86
607059102        MOBIL CORP                                4,632.00        466,674.00
628778102        NBT BANCORP INC                          11,608.00        200,969.30
635405103        NATIONAL CITY CORP                       41,038.00      1,095,222.14
652914102        NIAGARA BANCORP INCORPORATED             20,900.00        218,154.20
65473P105        NISOURCE INC                             96,162.00      2,127,584.25
654902204        NOKIA CORP ADR                            2,400.00        215,700.00
667516108        NORTHWEST INDIANA BANCORP                10,826.00        224,639.50
667822100        NORTHWEST TELEPRODUCTIONS INC            16,186.00         10,116.25
679833103        OLD KENT FINANCIAL CORP                  44,780.00      1,662,457.50
680033107        OLD NATIONAL BANCORP                     28,711.00        829,030.12
693475105        PNC BANK CORP                            39,500.00      2,081,176.00
69361E107        PSC INC                                  49,700.00        397,600.00
700690100        PARK PLACE ENTERTAINMENT CORP            50,000.00        321,875.00
710313107        PEOPLES BANK CORPORATION OF              14,200.00        930,100.00
71376K102        PERFORMANCE TECHNOLOGY INC               10,150.00        229,014.45
716768106        PETSMART INC                             10,500.00         39,049.50
717081103        PFIZER INC                               23,250.00        834,093.75
740474309        PREMIER CONCEPTS INC CL A                19,564.00         19,564.00
74264N105        PRISON REALTY TRUST INC                  34,000.00        365,500.00
742718109        PROCTER & GAMBLE CO                      16,156.00      1,514,625.00
743315103        PROGRESSIVE CORP OHIO                     3,400.00        277,739.20
</TABLE>
<PAGE>   9

<TABLE>
<CAPTION>

<S>              <C>                                      <C>             <C>

743866105        PROVIDENT FINANCIAL GROUP INC            38,200.00      1,396,706.59
747525103        QUALCOMM INC                              3,000.00        567,564.00
74756P105        QUALITY DINING INC                       14,200.00         37,275.00
75281A109        RANGE RESOURCES CORP                    105,000.00        518,490.00
760174102        RENTRAK CORPORATION                      42,000.00        202,146.00
761195205        RESOURCE AMERICA INC NEW                 10,020.00         70,453.12
780097853        ROYAL BANK OF SCOTLAND 8.50%             46,000.00      1,127,000.00
78387G103        SBC COMMUNICATIONS INC                    5,300.00        270,633.90
78462F103        STANDARD & POORS DEPOSITORY               4,000.00        515,000.00
792228108        ST MARY LAND EXPLORATION                  7,710.00        208,632.60
80218K105        SANTA FE SNYDER CORPORATION              12,000.00        108,000.00
803111103        SARA LEE CORP                           163,155.00      3,813,748.12
806605101        SCHERING PLOUGH CORPORATION               4,736.00        206,608.00
813767100        SECURITY BANC CORP                        7,741.00        211,426.06
81634M105        SELIGMAN NEW TECHNOLOGIES                12,000.00        313,440.00
824348106        SHERWIN WILLIAMS CO                      18,700.00        553,987.50
828806109        SIMON PROPERTY GROUP INC                 10,000.00        224,380.00
842814105        SOUTHERN ENERGY HOMES INC                15,300.00         43,987.50
84610H207        SOVRAN SELF STORAGE INC 9.85%           114,066.00      2,666,292.75
855156105        STAR MULTI CARE SERVICE INC              15,350.00         17,268.75
855244109        STARBUCKS CORPORATION                    16,000.00        396,496.00
858119100        STEEL DYNAMICS INC                       16,000.00        251,008.00
86787D109        SUNTERRA CORP                            50,000.00        593,750.00
870695202        SWEPCO CAPITAL I                         10,700.00        258,137.50
879433100        TELEPHONE & DATA SYSTEMS INC            168,750.00     14,987,193.74
</TABLE>

MCD13F                                                            SEC 13F REPORT
REPORT DATE: 10/01/99

<PAGE>   10

<TABLE>
<CAPTION>

                                                        MCDONALD INVESTMENTS INC
PAGE:     0004

CUSIP                   SECURITY                           SHARES          MKT VALUE
- -------------------------------------------------------------------------------------

<S>              <C>                                      <C>             <C>
882508104        TEXAS INSTRUMENTS INC                   2,666.00        219,278.50
885218107        THORNBURG MORTGAGE ASSET               13,000.00        114,569.00
887315109        TIME WARNER INC                        37,545.00      2,280,858.75
89151P104        2THEMART.COM                           12,000.00         71,256.00
896106101        TRICO MARINE SERVICES INC              18,000.00        149,634.00
899729107        TUNDRA GOLD MINES LIMITED              20,400.00               .00
90331S109        US LEC CORPORATION CLASS A             54,000.00      1,329,750.00
904832102        UNION ACCEPTANCE CORP A                13,100.00         86,787.50
909839102        UNITED COMMUNITY FINANCIAL             19,911.00        273,776.25
923351100        VERAMARK TECHNOLOGIES INC             188,208.00      2,187,918.00
925464109        VESTAUR SECURITIES INC                 26,000.00        328,250.00
925524100        VIACOM INC CLASS A COMMON              25,600.00      1,107,200.00
928467307        VITAFORT INTERNATIONAL CORP            60,000.00         24,000.00
92857T107        VODAFONE AIRTOUCH PLC                   2,000.00        475,500.00
929566107        WABASH NATIONAL CORP                   15,000.00        304,695.00
944027101        WAVO CORPORATION                       14,250.00         63,241.50
976446104        WINTON FINANCIAL CORPORATION           32,000.00        478,016.00
G24836101        ARRIVA PLC ORD                         21,500.00        107,349.50
Q8846V104        TAP OIL NL FOREIGN AUD                 20,000.00               .00
</TABLE>


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