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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13-F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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Check here if Amendment [_]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Gannett Welsh & Kotler
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Address: 222 Berkeley St., Suite 1500
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Boston, MA 02116
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Form 13F File Number: 28-4942
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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:
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Title:
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Phone:
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Signature, Place, and Date of Signing:
/s/ Benjamin H. Gannett Boston, MA 5/11/99
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[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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-4942 /s/ Benjamin H. Gannett
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[Repeat as necessary.]
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Page 2 of 5
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INV DISCR MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SOLE SHARED OTHER GERS SOLE SHARED OTHER
CLASS VALUE AMOUNT (A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AES CORP COMMON 00130H105 18,824,806 505,364 X 505,364
AES CORP COMMON 00130H105 1,004,856 26,976 X 26,976
A T & T CORPORATION COMMON 001957109 8,610,093 107,879 X 107,879
A T & T CORPORATION COMMON 001957109 391,081 4,900 X 4,900
ABBOTT LABS COMMON 002824100 2,345,306 50,100 X 50,100
ALLTEL CORP COMMON 020039103 223,303 3,580 X 3,580
ALLTEL CORP COMMON 020039103 12,475 200 X 200
AMERICAN HOME PRODS CORPORATION COMMON 026609107 1,853,100 28,400 X 28,400
AMERICAN HOME PRODS CORPORATION COMMON 026609107 978,750 15,000 X 15,000
AMERICAN INTL GROUP INC COMMON 026874107 423,514 3,511 X 3,511
AMERITECH CORP NEW COMMON 030954101 235,110 4,080 X 4,080
ATLANTIC RICHFIELD CO COMMON 048825103 327,161 4,474 X 4,474
AUTOMATIC DATA PROCESSING COMMON 053015103 943,350 22,800 X 22,800
BANK OF NEW YORK COMMON 064057102 6,305,234 175,450 X 175,450
BANK OF NEW YORK COMMON 064057102 230,000 6,400 X 6,400
BEARCAT EXPLORATIONS LTD CDN COMMON 07384610X 7,520 47,000 X 47,000
BERKSHIRE HATHAWAY INC DEL COMMON 084670108 285,600 4 X 4 4
BERKSHIRE REALTY COMPANY COMMON 084710102 895,000 80,000 X 80000 80,000
BESTFOODS COMMON 08658U101 89,300 1,900 X 1900 1,900
BESTFOODS COMMON 08658U101 116,560 2,480 X 2,480
BOEING CO COMMON 097023105 5,813,660 170,990 X 170,990
BOEING CO COMMON 097023105 231,200 6,800 X 6,800
BOSTON PROPERTIES COMMON 101121101 1,075,250 34,000 X 34,000
BRADLEY REAL ESTATE INC COMMON 104580105 1,788 100 X 100
BRADLEY REAL ESTATE INC COMMON 104580105 274,828 15,375 X 15,375
BRISTOL MYERS SQUIBB CO COMMON 110122108 1,451,149 22,630 X 22,630
BRISTOL MYERS SQUIBB CO COMMON 110122108 102,600 1,600 X 1,600
CAPITAL ONE FINANCIAL COMMON 14040H105 24,559,395 162,645 X 162,645
CAPITAL ONE FINANCIAL COMMON 14040H105 890,900 5,900 X 5,900
CAREER BLAZERS INC. COMMON 141664102 200,000 40,000 X 40,000
THE DEWOLF CO., INC. WTS $6.00 COMMON 148430005 25,000 25,000 X 25,000
CEDAR FAIR L P DEP UNITS COMMON 150185106 8,137,184 323,868 X 323,868
CEDAR FAIR L P DEP UNITS COMMON 150185106 442,200 17,600 X 17,600
CHEVRON CORP COMMON 166751107 275,125 3,100 X 3,100
CHIRON COMMON 170040109 6,286,629 286,570 X 286,570
CHIRON COMMON 170040109 153,563 7,000 X 7,000
CISCO SYS INC COMMON 17275R102 271,058 2,474 X 2,474
CITIGROUP COMMON 172967101 10,191,192 159,549 X 159,549
CITIGROUP COMMON 172967101 461,497 7,225 X 7,225
COCA COLA CO COMMON 191216100 2,700,500 44,000 X 44,000
COCA COLA CO COMMON 191216100 521,688 8,500 X 8,500
COGNEX CORP COMMON 192422103 11,515,678 486,150 X 486,150
COGNEX CORP COMMON 192422103 580,344 24,500 X 24,500
CRIIMI MAE, INC COMMON 226603108 1,411,819 525,328 X 525,328
CRIIMI MAE, INC COMMON 226603108 30,234 11,250 X 11,250
THE DEWOLF CO., INC. WTS $7.00 COMMON 238467949 3 25,000 X 25,000
DELL COMPUTER CORP COM COMMON 247025109 5,963,663 145,900 X 145,900
DELL COMPUTER CORP COM COMMON 247025109 208,463 5,100 X 5,100
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Page 3 of 5
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INV DISCR MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SOLE SHARED OTHER GERS SOLE SHARED OTHER
CLASS VALUE AMOUNT (A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DEVRY INC COMMON 251893103 26,676,636 919,884 X 919,884
DEVRY INC COMMON 251893103 1,345,600 46,400 X 46,400
DEWOLFE COS INC COM COMMON 252115100 514,500 73,500 X 73,500
THE WALT DISNEY COMPANY COMMON 254687106 226,403 7,274 X 7,274
DU PONT E I DE NEMOURS CO COMMON 263534109 623,475 10,738 X 10,738
DU PONT E I DE NEMOURS CO COMMON 263534109 1,016 094 17,500 X 17,500
ENRON CORP COMMON 293561106 8,628,775 134,300 X 134,300
ENRON CORP COMMON 293561106 363,013 5,650 X 5,650
EXTENDED STAY AMERICA COMMON 30224P101 7,397,144 726,100 X 726,100
EXTENDED STAY AMERICA COMMON 30224P101 302,569 29,700 X 29,700
EXXON CORP COMMON 302290101 24,139,996 342,108 X 342,108
EXXON CORP COMMON 302290101 1,891,075 26,800 X 26,800
FIRST HEALTH GROUP CORP COMMON 320960107 4,634,834 288,550 X 288,550
FIRST HEALTH GROUP CORP COMMON 320960107 220,056 13,700 X 13,700
FLORIDA PANTHERS HOLDINGS COMMON 34106410X 77,500 10,000 X 10,000
GENERAL ELEC CO COMMON 369604103 12,676,298 114,588 X 114,588
GENERAL ELEC CO COMMON 369604103 2,124,000 19,200 X 19,200
GENERAL MILLS INC COMMON 370334104 5,889,341 77,940 X 77,940
GENERAL MILLS INC COMMON 370334104 555,384 7,350 X 7,350
GENERAL MOTORS CORP COMMON 370442105 87,000 1,000 X 1,000
GENERAL MOTORS CORP COMMON 370442105 522,000 6,000 X 6,000
GM HUGHES COMMON 370442832 5,261,791 104,323 X 104,323
GM HUGHES COMMON 370442832 211,838 4,200 X 4,200
THE DEWOLF CO., INC. WTS $8.00 COMMON 376984986 0 25,000 X 25,000
HEALTH & RETIREMENT PROP TR COMMON 40426W101 349,650 25,900 X 25,900
INTEL CORP COMMON 458140100 1,129,313 9,500 X 9,500
INTEL CORP COMMON 458140100 237,750 2,000 X 2,000
INTERNATIONAL BUSINESS MACHINES COMMON 459200101 1,683,875 9,500 X 9,500
INTERNATIONAL BUSINESS MACHINES COMMON 459200101 1,418,000 8,000 X 8,000
INTERNATIONAL PAPER CO COMMON 460146103 444,825 10,544 X 10,544
IONICS INC COMMON 462218108 4,782,344 158,750 X 158,750
IONICS INC COMMON 462218108 192,800 6,400 X 6,400
JOHNSON & JOHNSON COMMON 478160104 1,327,700 14,200 X 14,200
KVH INDUSTRIES INC COMMON 482738101 55,313 30,000 X 30,000
KEYCORP COMMON 493267108 467,116 15,410 X 15,410
KIMBERLY CLARK CORP COMMON 494368103 4,794 100 X 100
KIMBERLY CLARK CORP COMMON 494368103 624,913 13,036 X 13,036
THE DEWOLF CO., INC. WTS $9.00 COMMON 496493761 0 25,000 X 25,000
LANDAUER COMMON 51476K103 209,888 8,700 X 8,700
LEGAL CLUB OF AMERICA COMMON 52464M101 475,000 100,000 X 100,000
LINEAR TECHNOLOGY CORP COMMON 535678106 256,250 5,000 X 5,000
LUCENT TECHNOLOGIES INC COMMON 549463107 6,179,652 57,219 X 57,219
LUCENT TECHNOLOGIES INC COMMON 549463107 205,200 1,900 X 1,900
MBIA INC COMMON 55262C100 6,200,200 106,900 X 106,900
MBIA INC COMMON 55262C100 211,700 3,650 X 3,650
MCI WORLDCOM INC. COMMON 55268B106 19,712,241 222,580 X 222,580
MCI WORLDCOM INC. COMMON 55268B106 912,194 10,300 X 10,300
MARSH & MCLENNAN COMPANIES, INC COMMON 571748102 267,300 3,600 X 3,600
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Page 4 of 5
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INV DISCR MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SOLE SHARED OTHER GERS SOLE SHARED OTHER
CLASS VALUE AMOUNT (A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MASTECH CORP COMMON 57632N105 7198750 553,750 X 553,750
MASTECH CORP COMMON 57632N105 235,300 18,100 X 18,100
MAY DEPT STORES CO COMMON 577778103 6,940,032 177,381 X 177,381
MAY DEPT STORES CO COMMON 577778103 560,466 14,325 X 14,325
MCDONALDS CORP COMMON 580135101 652,500 14,400 X 14,400
MEDIAONE GROUP INC COMMON 58440J104 5,555,539 87,575 X 87,575
MEDIAONE GROUP INC COMMON 58440J104 190,313 3,000 X 3,000
MERCK & CO COMMON 589331107 10,548,456 131,650 X 131,650
MERCK & CO COMMON 589331107 857,338 10,700 X 10,700
MICROSOFT CORP COMMON 594918104 322,650 3,600 X 3,600
MOBIL CORP COMMON 607059102 549,120 6,240 X 6,240
MONSANTO CO COMMON 611662107 689,063 15,000 X 15,000
NCO GROUP INC COMMON 628858102 8,728,596 235,908 X 235,908
NCO GROUP INC COMMON 628858102 351,500 9,500 X 9,500
NEW YORK TIMES CO. CL A COMMON 65011110X 232,019 8,141 X 8,141
NIKE INC CL B COMMON 654106103 265,363 4,600 X 4,600
NOBLE AFFILIATES COMMON 654894104 7,567,550 260,950 X 260,950
NOBLE AFFILIATES COMMON 654894104 249,400 8,600 X 8,600
ORACLE SYS CORP COMMON 68389X105 8,731,497 331,052 X 331,052
ORACLE SYS CORP COMMON 68389X105 361,997 13,725 X 13,725
PEPSICO INC COMMON 713448108 9,649,922 246,250 X 246,250
PEPSICO INC COMMON 713448108 423,225 10,800 X 10,800
PFIZER INC COMMON 717081103 10,292,753 74,182 X 74,182
PFIZER INC COMMON 717081103 638,250 4,600 X 4,600
PROCTER & GAMBLE CO COMMON 742718109 1,584,237 16,176 X 16,176
PROCTER & GAMBLE CO COMMON 742718109 1,478,856 15,100 X 15,100
PROVANT INC COMMON 743724106 2,870,725 160,600 X 160,600
PROVANT INC COMMON 743724106 91,163 5,100 X 5,100
PSYCHEMEDICS CORP. COMMON 744375106 93,050 21,894 X 21,894
QUESTAR CORP COMMON 748356102 6,909,653 407,950 X 407,950
QUESTAR CORP COMMON 748356102 221,881 13,100 X 13,100
REGIONS FINANCIAL CORP COMMON 758940100 242,375 7,000 X 7,000
RELIANT ENERGY INC. COMMON 75952J108 5,888,822 225,950 X 225,950
RELIANT ENERGY INC. COMMON 75952J108 151,163 5,800 X 5,800
REPUBLIC INDUSTRIES INC. COMMON 760516104 4,111,284 332,225 X 332,225
REPUBLIC INDUSTRIES INC. COMMON 760516104 189,338 15,300 X 15,300
RESPOND USA INC COMMON 761235506 81,250 40,000 X 40,000
ROYAL DUTCH PETE CO NY GLDR 5 COMMON 780257804 8,756,280 168,390 X 168,390
ROYAL DUTCH PETE CO NY GLDR 5 COMMON 780257804 390,000 7,500 X 7,500
SBC COMMUNICATIONS INC. COMMON 78387G103 291,460 6,177 X 6,177
SDL INC. COMMON 784076101 29,026,388 319,850 X 319,850
SDL INC. COMMON 784076101 1946588 21,450 X 21,450
SAN FILIPPO JOHN B & SON INC COMMON 800422107 321,513 102,884 X 102,884
SEARS ROEBUCK & CO COMMON 812387108 6,695,928 148,181 X 148,181
SEARS ROEBUCK & CO COMMON 812387108 284,681 6,300 X 6,300
SERVICE CORP INTERNATIONAL COMMON 817565104 2,490,900 174,800 X 174,800
SERVICE CORP INTERNATIONAL COMMON 817565104 91,200 6,400 X 6,400
SIGMA ALDRICH CORP COMMON 826552101 298,350 10,200 X 10,200
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Page 5 of 5
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<CAPTION>
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OF INV DISCR MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SOLE SHARED OTHER GERS SOLE SHARED OTHER
CLASS VALUE AMOUNT (A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
STANDARD PAC CORP NEW COM COMMON 85375C101 5,376,896 417,623 X 417,623
STANDARD PAC CORP NEW COM COMMON 85375C101 187,975 14,600 X 14,600
STATE STREET BOSTON FINL COMMON 857477103 49,350 600 X 600
STATE STREET BOSTON FINL COMMON 857477103 1,069,250 13,000 X 13,000
SUNRISE ASSISTED LIVING INC. COMMON 86768K106 10,007,803 219,650 X 219,650
SUNRISE ASSISTED LIVING INC. COMMON 86768K106 378,169 8,300 X 8,300
SYSCO CORPORATION COMMON 871829107 315,750 12,000 X 12,000
TYCO INTERNATIONAL LTD COMMON 902124106 5,582,150 77,800 X 77,800
TYCO INTERNATIONAL LTD COMMON 902124106 200,900 2,800 X 2,800
UNITED RENTALS INC. COMMON 911363109 7,660,698 268,796 X 268,796
UNITED RENTALS INC. COMMON 911363109 394,212 13,832 X 13,832
UNIVERSAL FOREST PRODUCTS COMMON 913543104 10,453,155 509,910 X 509,910
UNIVERSAL FOREST PRODUCTS COMMON 913543104 619,100 30,200 X 30,200
WAL MART STORES INC COMMON 931142103 1,336,719 14,500 X 14,500
XEROX CORP COMMON 984121103 13,456,955 258,167 X 258,167
XEROX CORP COMMON 984121103 547,313 10,500 X 10,500
LERNOUT & HAUSPIE SPEECH COMMON B5628B104 5,011,500 167,050 X 167,050
LERNOUT & HAUSPIE SPEECH COMMON B5628B104 171,000 5,700 X 5,700
PANAMERICAN BEVERAGES INC-A COMMON P74823108 4,983,360 283,750 X 283,750
PANAMERICAN BEVERAGES INC-A COMMON P74823108 216,019 12,300 X 12,300
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