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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: Cobalt Capital Management, Inc.
Address: 237 Park Avenue, Suite 801
New York, New York 10017
Form 13F File Number: 28-4967
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: Wayne Cooperman
Title: President
Phone: (212) 808-3756
Signature, Place, and Date of Signing:
/s/ Wayne Cooperman New York, New York May 15, 2000
[Signature] [City, State] [Date]
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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-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 77
Form 13F Information Table Value Total: $261,150
[thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 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. Form 13F File Number Name
1 28- Wayne Cooperman
[Repeat as necessary.]
3
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<TABLE>
COBALT CAPITAL MANAGEMENT, INC.
AS OF MARCH 31, 2000
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
------ ------ ------ ------ ------ ------ ------ ------
INVESTMENT DISCRETION VOTING AUTHORITY
(b) (SHARES)
FAIR SHARED (c)
TITLE CUSIP MARKET SHRS OR (a) AS DEFINED SHARED- MANAGERS (a) (b) (c)
NAME OF ISSUER OF CLASS NUMBER VALUE PRN AMT SOLE IN INSTR. V OTHER SEE INSTR. V SOLE SHARED NONE
- -------------- -------- ------ ------ ------- ---- ----------- ----- ------------ ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ESG RE Ltd Common G31215109 332,000 83,000 X 1 X
Scottish Annunity &
Life Holdings Ltd Common G7885T104 388,219 50,500 X 1 X
Adelphia Communications
Corp Common 006848105 499,800 10,200 X 1 X
Advo Inc. Common 007585102 487,500 19,500 X 1 X
Advanced Micro
Devices Inc Common 007903107 8,131,407 142,500 X 1 X
Advanta Corp - Class B Common 007942204 10,708,303 739,300 X 1 X
Aetna Inc Common 008117103 6,160,500 111,000 X 1 X
Align Rite
International Inc Common 016251100 687,500 25,000 X 1 X
Apria Healthcare Group Common 037933108 11,204,944 776,100 X 1 X
Argonaut Group Common 040157109 714,225 35,600 X 1 X
Baker Hughes Inc Common 057224107 1,334,025 44,100 X 1 X
Ball Corp Common 058498106 3,743,119 108,300 X 1 X
Bally's Total Fitness
Hldgs Common 05873K108 4,880,400 199,200 X 1 X
Bank of America Corp Common 060505104 3,146,250 60,000 X 1 X
Budget Group Inc Common 119003101 65,669 13,300 X 1 X
Cabletron Systems Inc Common 126920107 2,643,750 90,000 X 1 X
Checkfree Holdings
Corp Common 162816102 415,950 5,900 X 1 X
The Childrens Place Common 168905107 1,690,050 118,600 X 1 X
Coinmach Laundry Corp Common 19259L101 590,288 59,400 X 1 X
Columbia Energy Group Common 197648108 1,185,000 20,000 X 1 X
Concentric Network
Group Common 20589R107 2,200,000 40,000 X 1 X
Crestline Capital Corp Common 226153104 1,253,756 71,900 X 1 X
Crown Castle Intl Corp Common 228227104 2,477,025 65,400 X 1 X
4
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Daisytek International
Corp Common 234053106 600,875 38,000 X 1 X
Donaldson Lufkin &
Jenrette Common 257661108 1,552,500 30,000 X 1 X
Epicor Software Corp Common 29426L108 276,250 32,500 X 1 X
Frontline Capital Corp Common 35921N101 1,848,000 42,000 X 1 X
GST Telecommunications Common 361942105 61,250 10,000 X 1 X
Galileo Intl Inc Common 363547100 11,858,000 492,800 X 1 X
Grand Union Co Common 386532402 606,007 206,300 X 1 X
Harbinger Corp Common 41145C103 1,214,513 41,700 X 1 X
Harrahs Entertainment
Inc Common 413619107 1,856,250 100,000 X 1 X
Homestead Village Inc Common 437851108 819,188 257,000 X 1 X
ICG Communications Inc Common 449246107 1,806,250 50,000 X 1 X
Infinity Broadcasting
Corp Common 45662S102 3,279,588 101,300 X 1 X
Informix Corp Common 456779107 4,251,313 251,000 X 1 X
IMS Health Inc Common 449934108 2,540,625 150,000 X 1 X
Insignia Financial
Group Common 45767A105 481,600 34,400 X 1 X
Intrawest Corp Common 460915200 4,401,001 260,800 X 1 X
Kaufman & Broad Home
Corp Common 486168107 7,488,119 349,300 X 1 X
LNR Property Corp Common 501940100 21,677,665 1,137,189 X 1 X
Lojack Corp Common 539451104 1,046,250 135,000 X 1 X
MDC Holdings Inc Common 552676108 5,922,963 330,200 X 1 X
Meristar Hotels &
Resorts Inc Common 589988104 686,788 233,800 X 1 X
Newhall Land &
Farming Co Common 651426108 5,042,625 178,500 X 1 X
Northwest Airlines
Corp Common 667280101 226,250 10,000 X 1 X
Office Depot Inc Common 676220106 3,896,563 337,000 X 1 X
Ogden Corp Common 676346109 5,800,432 485,900 X 1 X
Oxford Health Plans
Inc Common 691471106 11,896,525 780,100 X 1 X
Packaged Ice Common 695148106 90,000 20,000 X 1 X
Panera Bread Co Common 69840W108 5,554,500 740,600 X 1 X
Payless Shoesource Inc Common 704379106 8,959,219 172,500 X 1 X
Penton Media Inc Common 709668107 585,000 22,500 X 1 X
Prime Hospitality Corp Common 741917108 1,326,750 183,000 X 1 X
Qualcomm Inc Common 747525103 1,493,126 10,000 X 1 X
Republic Services Inc Common 760759100 601,563 55,000 X 1 X
Resource America Inc Common 761195205 836,650 115,400 X 1 X
Resource Assets
Investment Trust Common 761196104 5,112,324 475,565 X 1 X
Ryders Systems Inc Common 783549108 10,717,575 472,400 X 1 X
Ryland Group Inc Common 783764103 3,588,750 191,400 X 1 X
S3 Inc Common 784849101 525,000 25,000 X 1 X
Seagate Technology Inc Common 811804103 4,940,000 80,000 X 1 X
Shaw Industries Inc Common 820286102 12,154,556 800,300 X 1 X
5
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Sprint PCS Group Common 852061506 1,310,000 20,000 X 1 X
Standard Pacific Corp Common 85375C101 379,000 37,900 X 1 X
Starwood Financial Inc Common 45031U101 2,167,875 123,000 X 1 X
Starwood Hotels &
Resorts Common 85590A203 3,347,500 130,000 X 1 X
Station Casinos Inc Common 857689103 477,694 21,900 X 1 X
Symantec Corp Common 871503108 1,697,826 22,600 X 1 X
Tenet Healthcare Corp Common 88033G100 3,027,150 130,200 X 1 X
3 Com Corp Common 885535104 5,189,813 93,300 X 1 X
Triad Hospital Inc Common 89579K109 4,318,150 257,800 X 1 X
US Trust Corp Common 91288L105 2,082,223 11,000 X 1 X
UnitedGolbalCom Inc Common 913247508 5,096,744 67,900 X 1 X
Walter Industries Inc Common 93317Q105 987,350 127,400 X 1 X
Waste Management Inc Common 94106L109 1,916,250 140,000 X 1 X
Williams Companies Inc Common 969457100 6,590,626 150,000 X 1 X
COLUMN TOTALS 261,150,284
</TABLE>
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01181001.AQ2
