United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 13F HR
FORM 13F HR Cover Page
Report for the Calendar Year or Quarter Ended: 09/30/98
Check here if Amendment: { } Amendment number: { }
This Amendment (check only one):
{ } is a restatement.
{ } adds new holdings entries.
Institutional Investment Manager filing this Report:
Manchester Capital Corporation
635 Madison Avenue
New York, New York 10022
13F File Number 801-34274
The institutional investment manager filing this report and the person by whom
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 to contact for further information:
Richard Kaufman (212) 832-3112
Person signing this Report on Behalf of the Reporting Manager:
Name: Richard Kaufman
Title: Executive Vice President
Phone: (212) 832-3112
Signature, Place and Date of Signing:
/s/ Richard Kaufman
-------------------
Richard Kaufman
New York, New York 10022
October 6, 1998
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>
REPORT SUMMARY
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total: 163,945,353
<PAGE>
List of Included Managers:
No. 13F File Number Name
- --------------------------------------------------------------------------------
1. 801-34274 Manchester Capital Corporation
- --------------------------------------------------------------------------------
2.
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<CAPTION>
FORM 13F 09/30/98
REPORTING MANAGER: Manchester Capital Corporation
PAGE 1
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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 INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
ABN AMRO Holding ADR COMMON 000937102 441,281 26,150 X 1 4,000 22,150
Aflac COMMON 001055102 371,313 13,000 X 1 4,000 9,000
Amli Residential Prop COMMON 001735109 1,658,113 77,800 X 1 9,500 68,300
ADV Tobacco Prods Inc COMMON 00755G101 15,501 16,000 X 1 16,000
Airtouch Communications COMMON 00949T100 3,071,046 53,878 X 1 5,600 48,278
Allied-Signal Inc. COMMON 019512102 249,465 7,052 X 1 7,052
Allstate Corp. COMMON 020002101 1,856,503 44,735 X 1 15,520 29,215
Alltel Corp. COMMON 020039103 285,295 6,054 X 1 740 5,314
American Express Co. COMMON 025816109 2,026,181 26,102 X 1 1,000 25,102
American Express Co. PREFER 02583Y205 238,750 9,550 X 1 9,550
American Greetings Class A COMMON 026375105 1,618,106 40,900 X 1 6,100 34,800
American Home Products COMMON 026609107 1,369,807 26,030 X 1 26,030
American Int'l Group COMMON 026874107 1,153,986 14,724 X 1 14,724
AT&T Corp COMMON 030177109 816,637 13,975 X 1 3,000 10,975
Ameritech Corp. COMMON 030954101 429,453 9,041 X 1 9,041
Amoco Corp. COMMON 031905102 334,025 6,200 X 1 6,200
Applied Materials Inc COMMON 038222105 359,813 14,250 X 1 14,250
AquaPenn Spring Water Co I COMMON 03838X109 328,111 61,762 X 1 10,000 51,762
Ascend Communications COMMON 043491109 203,385 4,470 X 1 4,470
Asia Tigers Fund, Inc. COMMON 04516T105 537,131 106,100 X 1 10,900 95,200
Avnet Inc. COMMON 053807103 509,853 13,850 X 1 1,600 12,250
Barclays Bank 8% Conv Capi CONVER 06738C836 632,400 24,800 X 1 1,200 23,600
Bell Atlantic Corp. COMMON 077853109 1,170,390 24,163 X 1 24,163
Bell South Corp COMMON 079860102 766,033 10,180 X 1 10,180
Bestfoods COMMON 08658U101 387,500 8,000 X 1 8,000
Black & Decker Corp. COMMON 091797100 765,900 18,400 X 1 4,100 14,300
Boeing Company COMMON 097023105 1,586,472 46,236 X 1 46,236
Boston Chicken Conv 4.5% 2 CONV C 100578AA1 3,750 50,000 X 1 50,000
Bristol Myers Squibb Co COMMON 110122108 3,036,786 29,235 X 1 29,235
British Petrol ADS COMMON 110889409 458,955 5,264 X 1 5,264
Browning Ferris Industries COMMON 115885105 583,825 19,300 X 1 200 19,100
CBS Corp COMMON 12490K107 454,663 18,749 X 1 18,749
Camden Property Trust COMMON 133131102 1,965,683 70,360 X 1 3,327 67,033
Capstead Mortgage COMMON 14067E100 38,425 10,600 X 1 2,500 8,100
Capstead Mortgage Pfd B PREFER 14067E308 151,300 17,800 X 1 17,800
Carramerica Pfd B 8.57% PREFER 144418209 242,888 10,200 X 1 10,200
CarrAmerica 8.55% Pfd C PREFER 144418407 492,563 21,300 X 1 1,900 19,400
Catellus Development Corp COMMON 14911110 261,508 20,116 X 1 20,116
Cendant Corp COMMON 151313103 155,903 13,411 X 1 13,411
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Chase Manhattan Corp New COMMON 16161A108 1,897,500 44,000 X 1 2,600 41,400
Chateau Communities Inc. COMMON 161726104 374,726 13,413 X 1 13,413
Chevron Corp. COMMON 166751107 275,053 3,272 X 1 3,272
Cisco Systems Inc COMMON 17275R102 841,423 13,613 X 1 13,613
Citicorp COMMON 173034109 433,585 4,662 X 1 4,662
Clayton Homes COMMON 184190106 573,003 32,743 X 1 600 32,143
Coastal Fin I Tr 8.375% PREFER 190463208 1,502,509 61,200 X 1 4,500 56,700
Comcast Corp. Class A COMMON 200300101 532,644 11,424 X 1 1,325 10,099
Comcast Corp Class A Speci COMMON 200300200 1,812,022 38,605 X 1 9,507 29,098
Computer Associates COMMON 204912109 726,125 19,625 X 1 2,500 17,125
Conseco Financing Trust PREFER 20846F201 954,531 37,250 X 1 5,600 31,650
Conseco 8.70% Pref PREFER 20847D205 237,350 9,400 X 1 1,500 7,900
Corning Inc. COMMON 219327103 1,061,959 36,075 X 1 2,000 34,075
Credit Suisse Gp Spons ADR COMMON 225401108 312,230 11,300 X 1 11,300
Danka Business Systems PLC COMMON 236277109 94,688 15,000 X 1 4,800 10,200
Dean Witter Government Inc COMMON 241914100 630,000 70,000 X 1 2,600 67,400
Deere & Co. COMMON 244199105 748,688 24,750 X 1 4,000 20,750
Walt Disney Co. COMMON 254687106 363,091 14,309 X 1 1,200 13,109
Du Pont E I De Nemours & C COMMON 263534109 784,238 13,942 X 1 13,942
Ensco COMMON 26874Q100 123,431 11,350 X 1 11,350
Eastman Kodak COMMON 277461109 483,666 6,292 X 1 6,292
Electronic Data Sys Corp N COMMON 285661104 1,076,934 32,450 X 1 4,000 28,450
Electronics for Imaging COMMON 286082102 234,488 11,100 X 1 2,500 8,600
Equitable Cos Inc COMMON 29444G107 477,188 11,533 X 1 4,400 7,133
Equity Residential Propert COMMON 29476L107 407,109 9,650 X 1 1,600 8,050
Equity Residential Propert PREFER 29476L503 1,078,963 41,800 X 1 3,000 38,800
Exxon Corp. COMMON 302290101 630,448 8,927 X 1 8,927
Federal Natl Mtg Assn COMMON 313586109 1,964,643 30,578 X 1 2,400 28,178
Felcor Lodging Pfd B 9% PREFER 31430F408 420,900 18,300 X 1 4,900 13,400
Ford Mtr Co COMMON 345370100 371,582 7,906 X 1 7,906
Fulton Finl Corp Pa COMMON 360271100 442,760 22,138 X 1 22,138
GTE Corp. COMMON 362320103 5,516,885 100,307 X 1 7,688 92,619
Gannett Co. COMMON 364730101 1,076,606 20,100 X 1 5,600 14,500
The GAP Inc. COMMON 364760108 695,245 13,180 X 1 13,180
General Electric COMMON 369604103 4,489,105 56,422 X 1 11,200 45,222
General Growth Properties COMMON 370021107 1,970,063 55,300 X 1 2,200 53,100
General Motors Corp COMMON 370442105 642,257 11,704 X 1 594 11,110
Gillette Co COMMON 375766102 1,212,678 31,704 X 1 31,704
Glaxo Plc Spon ADR COMMON 37733W105 300,820 5,266 X 1 400 4,866
Global Marine COMMON 379352404 295,369 26,550 X 1 2,000 24,550
HCR Manor Care COMMON 404134108 741,606 25,300 X 1 25,300
Harleysville National Corp COMMON 412850109 202,913 5,411 X 1 5,411
Hartford Capital II Pfd 8. PREFER 416320208 945,025 36,700 X 1 1,900 34,800
Health Care Property Invs COMMON 421915109 734,250 22,250 X 1 1,000 21,250
Hershey Foods Corp. COMMON 427866108 1,248,300 18,240 X 1 4,700 13,540
Hewlett Packard Co. COMMON 428236103 1,434,606 27,100 X 1 800 26,300
Household International In COMMON 441815107 276,638 7,377 X 1 7,377
ICF Kaiser International I COMMON 449244102 16,100 11,200 X 1 11,200
IMS Health, Inc COMMON 449934108 495,500 8,000 X 1 1,000 7,000
Ikon Office Solutions COMMON 451713101 602,313 83,800 X 1 10,250 73,550
Intel Corp COMMON 458140100 3,046,358 35,526 X 1 200 35,326
IBM COMMON 459200100 275,413 2,143 X 1 2,143
Interpublic Group Cos COMMON 460690100 647,250 12,000 X 1 12,000
Johnson & Johnson COMMON 478160104 2,645,946 33,814 X 1 262 33,552
Johnson Controls COMMON 478366107 999,750 21,500 X 1 2,800 18,700
KLM Royal Dutch Air COMMON 482516101 467,354 18,883 X 1 1,048 17,835
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
K Mart Corp COMMON 482584109 153,600 12,800 X 1 12,800
Keycorp-New COMMON 493267108 1,573,688 54,500 X 1 5,000 49,500
Keystone Financial COMMON 493482103 5,348,764 180,549 X 1 180,549
Kimberly Clark Corp COMMON 494368103 1,841,738 45,475 X 1 1,850 43,625
L S Capital Corp COMMON 501936108 900 10,000 X 1 10,000
Eli Lilly & Co COMMON 532457108 613,813 7,838 X 1 7,838
Lockheed Martin Corp COMMON 539830109 342,763 3,400 X 1 3,400
Lucent Technologies COMMON 549463107 650,215 9,389 X 1 600 8,789
MBIA,Inc. COMMON 55262C100 1,446,878 26,950 X 1 800 26,150
MFS Intermediate Income Tr COMMON 55273C107 881,719 128,250 X 1 4,000 124,250
Manpower Inc. COMMON 56418H100 586,045 28,675 X 1 4,700 23,975
May Dept Stores COMMON 577778103 316,622 6,148 X 1 600 5,548
McDonald's Corp. COMMON 580135101 394,262 6,605 X 1 6,605
MediaOne Group Inc COMMON 58440J104 406,559 9,149 X 1 9,149
Meditrust Paired CTF New COMMON 58501T306 583,981 34,226 X 1 10,145 24,081
Mellon Bank Corp COMMON 585509102 1,937,210 35,222 X 1 35,222
Merck & Co COMMON 589331107 832,017 6,422 X 1 6,422
Merrill Lynch & Co. COMMON 590188108 825,781 17,500 X 1 17,500
Merry Land & Investment Co COMMON 590438107 1,320,125 59,000 X 1 9,500 49,500
Minnesota Mining & Mfg. COMMON 604059105 965,306 13,100 X 1 300 12,800
J P Morgan & Co COMMON 616880100 338,500 4,000 X 1 4,000
Morgan Stanley Dean Witter COMMON 617446448 294,113 6,820 X 1 1,714 5,106
Morton International Inc N COMMON 619335102 1,095,938 50,100 X 1 2,900 47,200
Motorola Inc. COMMON 620076109 725,705 16,926 X 1 200 16,726
Mylan Laboratories COMMON 628530107 234,525 7,950 X 1 1,000 6,950
Nationwide Health COMMON 638620104 479,250 21,300 X 1 3,000 18,300
Nestle Registered ADRS+ COMMON 641069406 1,760,654 17,700 X 1 1,000 16,700
The New Germany Fund Inc. COMMON 644465106 337,577 23,794 X 1 23,794
Newell Corp. COMMON 651192106 1,017,981 22,100 X 1 22,100
Nokia Corp ADR COMMON 654902204 203,450 2,600 X 1 800 1,800
Occidental Petroleum Corp. COMMON 674599105 456,338 21,225 X 1 900 20,325
Office Max COMMON 67622M108 949,359 96,750 X 1 7,500 89,250
Olin Corp COMMON 680665205 345,684 12,050 X 1 3,800 8,250
Omega Financial Corp COMMON 68209210 810,314 25,126 X 1 25,126
PNC Bank Corp. COMMON 693475105 270,765 6,017 X 1 6,017
Pacificorp COMMON 69511410B 317,413 16,489 X 1 16,489
J C Penney Inc. COMMON 708160106 417,919 9,300 X 1 9,300
Pepsico Inc. COMMON 713448108 1,233,948 41,918 X 1 41,918
Pharmacia & UpJohn COMMON 716941109 444,159 8,850 X 1 1,200 7,650
Pfizer Inc COMMON 717081103 2,103,286 19,889 X 1 19,889
Phelps Dodge COMMON 717265102 433,156 8,300 X 1 8,300
Philips Electronics NV Hol COMMON 718337504 568,444 10,650 X 1 2,000 8,650
Pitney Bowes Inc. COMMON 724479100 3,829,283 72,852 X 1 9,300 63,552
Pittston Brink's Group COMMON 725701106 274,750 7,850 X 1 1,000 6,850
Pride Intl Inc Conv 0% 4/2 CONV C 741932AB3 12,500 50,000 X 1 50,000
Procter & Gamble COMMON 742718109 1,582,816 22,254 X 1 22,254
Prologis Trust 7.92% Pfd D PREFER 743410508 216,225 9,300 X 1 1,000 8,300
Reuters Group Plc S ADR COMMON 76132M102 278,202 5,592 X 1 2,079 3,513
Rhone Poulenc S.A. ADS (E COMMON 762426609 1,236,719 29,622 X 1 3,137 26,485
Rite Aid COMMON 767754104 401,150 11,300 X 1 600 10,700
Ryder System Inc. COMMON 783549108 820,875 33,000 X 1 33,000
SBC Communications Inc. COMMON 78387G103 1,859,185 41,897 X 1 800 41,097
Schering Plough Company COMMON 806605101 3,640,676 35,112 X 1 6,800 28,312
Schlumberger Ltd COMMON 806857108 262,006 5,150 X 1 5,150
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Seagate Technology COMMON 811804103 392,228 15,650 X 1 2,800 12,850
Sears Roebuck & Co. COMMON 812387108 1,340,339 30,333 X 1 5,049 25,284
Shell Trans & Trading PLC COMMON 822703609 491,906 13,500 X 1 13,500
Sun Bancorp COMMON 866634108 220,860 7,362 X 1 7,362
Sun Microsystems Inc COMMON 866810104 894,134 17,950 X 1 2,500 15,450
SunAmerica Inc COMMON 866930100 2,579,385 42,285 X 1 9,597 32,688
SunAmerica Conv Pfd $3.188 CONVER 866930860 1,431,619 27,900 X 1 27,900
Sunstrand Corporation COMMON 867323107 303,756 6,550 X 1 500 6,050
Tele Communications Inc TC COMMON 879240109 770,215 19,686 X 1 19,686
Tele-Communications Int'l COMMON 87924H102 736,625 35,500 X 1 35,500
Tele Communications Inc TC COMMON 87924V200 2,100,000 48,000 X 1 48,000
Tele Comm Inc Liberty Medi COMMON 87924V507 852,287 23,231 X 1 23,231
Tele Comm Inc Liberty Medi COMMON 87924V606 711,000 18,000 X 1 18,000
Tele-Comm TCI Ventures Grp COMMON 87924V887 526,968 29,378 X 1 29,378
Telefonica de Espana SA AD COMMON 87938220 1,365,409 12,650 X 1 400 12,250
Texaco Inc. COMMON 881694103 325,127 5,197 X 1 5,197
Texas Instruments Inc COMMON 882508104 221,280 4,175 X 1 4,175
Time Warner Inc. COMMON 887315109 239,483 2,735 X 1 400 2,335
Toll Brothers COMMON 889478103 317,684 13,850 X 1 5,200 8,650
Toys R Us Inc Holding Inc COMMON 892335100 188,584 11,650 X 1 11,650
Travelers Group Inc COMMON 894190107 1,843,150 49,151 X 1 49,151
Travelers Grp Pfd J 8.08% PREFER 894190784 641,619 25,100 X 1 1,200 23,900
Tricon Global Restaurants COMMON 895953107 261,159 6,675 X 1 6,675
Tribune COMMON 896047107 538,344 10,700 X 1 1,000 9,700
Unisource Worldwide Inc COMMON 909208100 222,269 33,550 X 1 6,500 27,050
United Dominion Rlty Tr COMMON 910197102 389,025 34,200 X 1 4,000 30,200
US West Inc COMMON 91273H101 654,352 12,464 X 1 500 11,964
Viacom Inc Cl A COMMON 925524100 402,500 7,000 X 1 7,000
Viacom Inc Sub Deb 8% 7/20 CORP B 925524AC4 46,575 46,000 X 1 46,000
Vornado Realty Trust COMMON 929042109 309,884 9,355 X 1 2,070 7,285
Warner-Lambert Co. COMMON 934488107 520,950 6,900 X 1 6,900
Waste Mgmt Inc Del COMMON 94106L109 513,095 10,676 X 1 2,827 7,849
Western Consortium Inc COMMON 958049108 15 15,000 X 1 15,000
Xerox Corp. COMMON 984121103 1,084,800 12,800 X 1 2,000 10,800
York International Corp. COMMON 986670107 931,163 27,900 X 1 1,250 26,650
Newscorp Overseas Pfd A Lt PREFER G6478B108 1,845,872 75,150 X 1 6,500 68,650
Partner-Re LTD 8% PREFER G6852T113 1,147,500 45,000 X 1 5,200 39,800
Rhone Poulenc 8.125% Pfd S PREFER G75495104 2,434,822 97,150 X 1 3,600 93,550
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AGGREGATE COLUMN TOTALS 163,945,353
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