UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the 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: Greenlight Capital, Inc.
Address: 420 Lexington Avenue, Suite 875
New York, NY 11111
13F File Number: 28-7484
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: Jeff Keswin
Title: Co-President
Phone: (212) 973-1900
Signature, Place, and Date of Signing:
/s/ Jeff Keswin New York, New York May 12, 1999
--------------- ------------------ -------------
Report Type (Check only one.):
[ X ] 13F HOLDINGS 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
1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: $126,004
List of Other Included Managers:
No. 13F File Number Name
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<TABLE>
FORM 13F INFORMATION TABLE
<CAPTION>
TITLE VOTING AUTHORITY
OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER --------------------------
NAME OF ISSUER CLASS CUSIP (X$1,000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- -------------- ----- --------- --------- ---------- --- ---- -------- --------- -------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN CAPITAL
STRATEGIES COM 024937104 940 54,900 SH SOLE 54,900
AGRIBRANDS INTL INC COM 00849R105 29,992 912,300 SH SOLE 912,300
AMERUS LIFE HOLDS INC COM 030732101 2,465 102,700 SH SOLE 102,700
AUSPEX SYS INC COM 052116100 11,442 1,070,600 SH SOLE 1,070,600
BNC MTG INC COM 05561Y105 3,039 675,400 SH SOLE 675,400
CENDANT CORP COM 151313103 4,156 263,900 SH SOLE 263,900
CONSOLIDATED FREIGHTWAYS COM 209232107 10,864 924,600 SH SOLE 924,600
CORP
CLARION CML HLDGS INC CL A 18051W109 1,029 178,900 SH SOLE 178,900
COMPDENT CORP COM 20449F103 656 52,500 SH SOLE 52,500
EMCOR GROUP INC COM 29084Q100 4,708 273,900 SH SOLE 273,900
ENCAD INC COM 292503109 1,163 216,400 SH SOLE 216,400
FPIC INS GROUP INC COM 302563101 10,736 258,700 SH SOLE 258,700
FIRST SIERRA FINANCIAL COM 335944104 1,724 191,500 SH SOLE 191,500
INC
GETTY RLTY CORP NEW COM 374297109 7,505 600,400 SH SOLE 600,400
LIFETIME HOAN CORP COM 531926103 445 45,500 SH SOLE 45,500
LAZARE KAPLAN INTL INC COM 521078105 1,475 214,600 SH SOLE 214,600
M D C HLDGS INC COM 552676108 1,103 76,700 SH SOLE 76,700
MERCER INTL INC SH BEN 588056101 8,616 1,421,200 SH SOLE 1,421,200
INT
NAM TAI ELECTRS INC COM PAR 629865205 653 65,300 SH SOLE 65,300
$0.02
OPTI INC COM 683960108 2,292 403,000 SH SOLE 403,000
OMEGA WORLDWIDE INC COM 68210B108 2,016 537,700 SH SOLE 537,700
LHS GROUP INC PUT 501938954 1,459 93,000 PUT SOLE 93,000
SPLASH TECHNOLOGY HLDGS COM 848623104 3,428 565,400 SH SOLE 565,400
INC
LONE STAR STEAKHOUSE COM 542307103 11,302 1,102,600 SH SOLE 1,102,600
SALOON
UCBH HOLDINGS INC COM 90262T308 2,796 203,333 SH SOLE 203,333
</TABLE>
