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: 3/31/99
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 028-03451
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
New York, New York 10022
11-May-99
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: 191,715,496
List of Included Managers:
No. 13F File Number Name
- --------------------------------------------------------------------------------
1 Manchester Capital Corporation
- --------------------------------------------------------------------------------
2
- --------------------------------------------------------------------------------
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FORM 13F 3/31/99
PAGE 1
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)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABN AMRO Holding ADR COMMON 000937102 550,246 26,598 X 1 4,000 22,598
Aflac COMMON 001055102 680,469 12,500 X 1 4,000 8,500
Amli Residential Prop COMMON 001735109 1,634,531 79,250 X 1 9,500 69,750
AT&T Liberty Media A COMMON 001957208 2,864,251 54,464 X 1 54,464
AT&T Liberty Media B COMMON 001957307 967,500 18,000 X 1 18,000
ADV Tobacco Prods Inc COMMON 00755G101 11,000 16,000 X 1 16,000
Airtouch Communications COMMON 00949T100 3,988,487 41,278 X 1 3,600 37,678
Alcatel Adr COMMON 013904305 214,415 9,399 X 1 3,000 6,399
Allied-Signal Inc. COMMON 019512102 346,870 7,052 X 1 7,052
Allstate Corp. COMMON 020002101 1,872,953 50,535 X 1 15,520 35,015
Alltel Corp. COMMON 020039103 315,243 5,054 X 1 740 4,314
America Online Inc Del COMMON 02364J104 1,135,575 7,725 X 1 7,725
American Express Co. COMMON 025816109 3,065,077 26,030 X 1 1,400 24,630
American Express Co. PREFER 02583Y205 238,750 9,550 X 1 9,550
American Greetings Class A COMMON 026375105 1,567,033 61,755 X 1 9,600 52,155
American Home Products COMMON 026609107 1,466,914 22,481 X 1 22,481
American Int'l Group COMMON 026874107 6,619,659 54,878 X 1 8,204 46,674
AT&T Corp COMMON 030177109 5,560,805 69,673 X 1 3,000 66,673
Ameritech Corp. COMMON 030954101 521,080 9,043 X 1 9,043
Applied Materials Inc COMMON 038222105 333,113 5,400 X 1 5,400
Asia Tigers Fund, Inc. COMMON 04516T105 662,550 94,650 X 1 10,900 83,750
Avnet Inc. COMMON 053807103 514,500 14,000 X 1 1,600 12,400
BP Amoco Plc Adr COMMON 055622104 665,186 6,586 X 1 6,586
Barclays Bank 8% Conv Capi CONVER 06738C836 557,813 21,000 X 1 1,200 19,800
Bear Stearns Cap Tr 7.50% PREFER 07383J209 801,488 31,900 X 1 500 31,400
Bell Atlantic Corp. COMMON 077853109 1,052,569 20,364 X 1 20,364
Bell South Corp COMMON 079860102 847,751 21,161 X 1 21,161
Bestfoods COMMON 08658U101 329,000 7,000 X 1 7,000
Black & Decker Corp. COMMON 091797100 1,133,697 20,450 X 1 4,100 16,350
Boeing Company COMMON 097023105 1,630,326 47,951 X 1 47,951
Boston Chicken Conv 4.5% 2 CONV C 100578AA1 6,750 150,000 X 1 150,000
Bristol Myers Squibb Co COMMON 110122108 3,477,499 54,230 X 1 800 53,430
Browning Ferris Industries COMMON 115885105 557,228 14,450 X 1 14,450
CBS Corp COMMON 12490K107 765,194 18,749 X 1 400 18,349
CSC Hldgs Inc Pfd $2.125 PREFER 126304203 223,000 2,000 X 1 2,000
Camden Property Trust COMMON 133131102 1,749,206 70,675 X 1 3,327 67,348
Carnival Corp COMMON 143658102 378,788 7,800 X 1 7,800
CarrAmerica 8.55% Pfd C PREFER 144418407 493,500 23,500 X 1 1,900 21,600
Catellus Development Corp COMMON 14911110 257,014 19,216 X 1 19,216
Cendant Corp COMMON 151313103 194,613 12,211 X 1 12,211
Chase Manhattan Corp New COMMON 16161A108 2,905,319 35,703 X 1 2,600 32,603
Chateau Communities Inc. COMMON 161726104 368,858 13,413 X 1 13,413
Chevron Corp. COMMON 166751107 265,540 2,992 X 1 2,992
Chubb Corp COMMON 171232101 442,147 7,550 X 1 7,550
Cisco Systems Inc COMMON 17275R102 904,219 8,253 X 1 8,253
Citigroup Inc COMMON 172967101 2,813,364 44,045 X 1 44,045
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<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Citigroup Capital 7% Pfd PREFER 17306K209 431,775 17,100 X 1 17,100
Clayton Homes COMMON 184190106 441,692 39,927 X 1 750 39,177
Coastal Fin I Tr 8.375% PREFER 190463208 1,951,250 78,050 X 1 6,000 72,050
Comcast Corp. Class A COMMON 200300101 690,584 11,229 X 1 1,130 10,099
Comcast Corp Class A Speci COMMON 200300200 2,420,765 38,463 X 1 9,365 29,098
Compaq Computer Corp. COMMON 204493100 205,810 6,495 X 1 6,495
Computer Associates COMMON 204912109 635,680 17,875 X 1 3,000 14,875
Conseco Financing Trust PREFER 20846F201 923,553 36,850 X 1 5,600 31,250
Conseco 8.70% Pref PREFER 20847D205 232,650 9,400 X 1 1,500 7,900
Corning Inc. COMMON 219327103 1,546,503 25,775 X 1 2,000 23,775
Credit Suisse Gp Spons ADR COMMON 225401108 526,772 11,300 X 1 11,300
Deere & Co. COMMON 244199105 531,094 13,750 X 1 13,750
Diageo Plc New Adr COMMON 25243Q205 247,050 5,400 X 1 5,400
Walt Disney Co. COMMON 254687106 473,395 15,209 X 1 1,200 14,009
Du Pont E I De Nemours & C COMMON 263534109 731,123 12,592 X 1 12,592
Eastman Kodak COMMON 277461109 654,514 10,247 X 1 1,300 8,947
Electronic Data Sys Corp N COMMON 285661104 1,416,806 29,100 X 1 4,000 25,100
Electronics for Imaging COMMON 286082102 300,300 7,700 X 1 1,500 6,200
Equifax COMMON 294429105 419,375 12,200 X 1 12,200
Equitable Cos Inc COMMON 29444G107 1,069,600 15,280 X 1 4,400 10,880
Equity Office Properties P PREFER 294741608 240,681 9,700 X 1 9,700
Equity Residential Propert COMMON 29476L107 1,849,196 44,829 X 1 7,835 36,994
Equity Residential Propert PREFER 29476L503 1,097,628 43,150 X 1 3,000 40,150
Exxon Corp. COMMON 302290101 602,324 8,536 X 1 8,536
Federal Natl Mtg Assn COMMON 313586109 1,694,894 24,475 X 1 2,400 22,075
Felcor Lodging Pfd B 9% PREFER 31430F408 504,125 21,800 X 1 5,400 16,400
Ford Mtr Co COMMON 345370100 431,165 7,606 X 1 800 6,806
Fulton Finl Corp Pa COMMON 360271100 507,790 22,138 X 1 22,138
GTE Corp. COMMON 362320103 5,507,860 91,039 X 1 7,688 83,351
Gannett Co. COMMON 364730101 1,165,500 18,500 X 1 4,000 14,500
The GAP Inc. COMMON 364760108 1,021,131 15,170 X 1 15,170
General Electric COMMON 369604103 5,739,339 51,881 X 1 11,000 40,881
General Growth Properties COMMON 370021107 1,745,138 53,800 X 1 2,200 51,600
General Motors Corp COMMON 370442105 892,185 10,255 X 1 594 9,661
Gillette Co COMMON 375766102 1,768,521 29,754 X 1 29,754
Glaxo Plc Spon ADR COMMON 37733W105 352,493 5,266 X 1 400 3,466
Global Marine COMMON 379352404 152,750 13,000 X 1 13,000
HCR Manor Care COMMON 404134108 552,063 24,200 X 1 24,200
Hartford Capital II Pfd 8. PREFER 416320208 806,955 31,400 X 1 1,900 29,500
Health Care Property Invs COMMON 421915109 531,875 18,500 X 1 1,000 17,500
Hercules Trust I 9.42% Pfd PREFER 427097209 215,000 8,600 X 1 3,000 5,600
Hershey Foods Corp. COMMON 427866108 983,336 17,540 X 1 4,700 12,840
Hewlett Packard Co. COMMON 428236103 1,827,547 26,950 X 1 800 26,150
Household International In COMMON 441815107 336,576 7,377 X 1 7,377
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ICF Kaiser International I COMMON 449244102 8,400 11,200 X 1 11,200
IMS Health, Inc COMMON 449934108 404,125 12,200 X 1 1,000 11,200
Ikon Office Solutions COMMON 451713101 680,331 53,099 X 1 5,450 47,649
Intel Corp COMMON 458140100 2,105,046 17,708 X 1 200 17,508
IBM COMMON 459200100 315,505 1,780 X 1 1,780
Int'l Paper Capital Tr 7.8 PREFER 460140205 633,106 24,950 X 1 24,950
Interpublic Group Cos COMMON 460690100 934,500 12,000 X 1 12,000
Johnson & Johnson COMMON 478160104 2,914,956 31,176 X 1 162 31,014
Johnson Controls COMMON 478366107 1,341,063 21,500 X 1 2,800 18,700
KLM Royal Dutch Air COMMON 482516101 683,288 24,623 X 1 4,048 20,575
K Mart Corp COMMON 482584109 221,925 13,200 X 1 13,200
Keycorp-New COMMON 493267108 1,652,031 54,500 X 1 5,000 49,500
Keystone Financial COMMON 493482103 5,808,612 180,112 X 1 180,112
Kimberly Clark Corp COMMON 494368103 1,964,239 40,975 X 1 1,850 38,525
Koninklijke Philips Electr COMMON 500472105 1,112,906 13,500 X 1 2,700 10,800
L S Capital Corp COMMON 501936108 350 10,000 X 1 10,000
Lehman Brothers Hldgs 8% P PREFER 52518B200 476,683 18,800 X 1 2,400 16,400
Eli Lilly & Co COMMON 532457108 673,738 7,938 X 1 3,400
Lockheed Martin Corp COMMON 539830109 243,488 6,450 X 1 6,450
Lucent Technologies COMMON 549463107 995,707 9,220 X 1 600 8,620
MBIA,Inc. COMMON 55262C100 1,348,527 23,250 X 1 800 22,450
MFS Intermediate Income Tr COMMON 55273C107 1,369,884 206,775 X 1 22,000 184,775
Manpower Inc. COMMON 56418H100 310,303 13,275 X 1 1,000 11,775
May Dept Stores COMMON 577778103 343,205 8,772 X 1 900 7,872
McDonald's Corp. COMMON 580135101 543,750 12,000 X 1 12,000
MediaOne Group Inc COMMON 58440J104 529,640 8,349 X 1 8,349
MediaOne 9.04% Pfd PREFER 584458202 526,556 20,700 X 1 4,000 16,700
Meditrust Paired CTF New COMMON 58501T306 226,027 18,173 X 1 2,802 15,371
Mellon Bank Corp COMMON 585509102 2,506,476 35,616 X 1 35,616
Merck & Co COMMON 589331107 936,242 11,685 X 1 10,685
Merrill Lynch & Co. COMMON 590188108 1,539,900 17,400 X 1 17,400
Merrill Lynch 7.28% Pfd PREFER 59021K205 700,350 27,600 X 1 2,000 25,600
Minnesota Mining & Mfg. COMMON 604059105 863,150 12,200 X 1 300 11,900
J P Morgan & Co COMMON 616880100 247,984 2,010 X 1 2,010
Morgan Stanley Dean Witter COMMON 617446448 667,583 6,680 X 1 1,714 4,966
Morgan Stanley Dean Witter COMMON 61745P106 608,125 70,000 X 1 2,600 67,400
Morton International Inc N COMMON 619335102 1,839,338 50,050 X 1 2,900 47,150
Motorola Inc. COMMON 620076109 1,188,486 16,225 X 1 200 16,025
Nationwide Health COMMON 638620104 399,000 21,000 X 1 3,000 18,000
Nestle Registered ADRS+ COMMON 641069406 1,607,780 17,700 X 1 1,000 16,700
The New Germany Fund Inc. COMMON 644465106 360,310 30,183 X 1 30,183
New York Times Class A COMMON 650111107 384,750 13,500 X 1 2,000 11,500
Newell Rubbermaid Inc COMMON 651229106 1,124,610 23,676 X 1 23,676
Nokia Corp ADR COMMON 654902204 272,563 1,750 X 1 250 1,500
</TABLE>
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Occidental Petroleum Corp. COMMON 674599105 283,500 15,750 X 1 900 14,850
Office Max COMMON 67622M108 714,150 82,800 X 1 7,500 75,300
Omega Financial Corp COMMON 68209210 831,849 25,018 X 1 25,018
PNC Bank Corp. COMMON 693475105 570,460 10,267 X 1 10,267
Pacificorp COMMON 69511410B 284,435 16,489 X 1 16,489
J C Penney Inc. COMMON 708160106 518,400 12,800 X 1 12,800
Pepsico Inc. COMMON 713448108 1,655,272 42,240 X 1 42,240
Pharmacia & UpJohn COMMON 716941109 427,269 6,850 X 1 1,200 5,650
Pfizer Inc COMMON 717081103 2,218,535 15,989 X 1 500 15,489
Pitney Bowes Inc. COMMON 724479100 4,450,579 69,813 X 1 9,300 60,513
Pittston Brink's Group COMMON 725701106 204,450 8,700 X 1 1,000 7,700
Procter & Gamble COMMON 742718109 1,861,204 19,004 X 1 19,004
Prologis Trust 7.92% Pfd D PREFER 743410508 252,000 11,200 X 1 1,000 10,200
Reuters Group Plc S ADR COMMON 76132M102 442,367 5,092 X 1 2,079 3,013
Rhone Poulenc S.A. ADS (E COMMON 762426609 1,453,188 33,027 X 1 5,137 27,890
Rite Aid COMMON 767754104 277,500 11,100 X 1 600 10,500
Ryder System Inc. COMMON 783549108 889,525 32,200 X 1 32,200
SBC Communications Inc. COMMON 78387G103 1,759,859 37,295 X 1 800 36,495
St Joe Corporation COMMON 790161103 230,375 9,500 X 1 4,000 5,500
Saks Holdings Inc. COMMON 79377W108 408,850 15,725 X 1 400 15,325
Schering Plough Company COMMON 806605101 3,692,026 66,824 X 1 13,400 53,424
Schlumberger Ltd COMMON 806857108 866,700 14,400 X 1 14,400
Seagate Technology COMMON 811804103 347,359 11,750 X 1 2,800 8,450
Sears Roebuck & Co. COMMON 812387108 1,329,190 29,415 X 1 5,049 24,366
Shell Trans & Trading PLC COMMON 822703609 552,500 13,600 X 1 13,600
Soverign Bancorp COMMON 845905108 760,860 62,111 X 1 62,111
State Street Corp COMMON 857477103 213,850 2,600 X 1 2,600
Sun Microsystems Inc COMMON 866810104 1,738,369 13,900 X 1 2,500 11,400
Sunstrand Corporation COMMON 867323107 455,251 6,550 X 1 500 6,050
Telefonica de Espana SA AD COMMON 87938220 1,460,310 11,431 X 1 408 11,023
Texaco Inc. COMMON 881694103 283,815 5,001 X 1 5,001
Time Warner Inc. COMMON 887315109 387,344 5,470 X 1 800 4,670
Toll Brothers COMMON 889478103 198,469 10,950 X 1 5,200 5,750
Tricon Global Restaurants COMMON 895953107 421,851 6,005 X 1 6,005
Tribune COMMON 896047107 647,831 9,900 X 1 1,000 8,900
Unisource Worldwide Inc COMMON 909208100 190,594 26,750 X 1 3,500 23,250
United Dominion Rlty Tr COMMON 910197102 223,450 21,800 X 1 4,000 17,800
US West Inc COMMON 91273H101 571,435 10,378 X 1 500 9,878
Viacom Inc Cl A COMMON 925524100 424,894 5,100 X 1 5,100
Viacom Inc Sub Deb 8% 7/20 CORP B 925524AC4 47,035 46,000 X 1 46,000
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Vornado Realty Trust COMMON 929042109 322,748 9,355 X 1 2,070 6,310
Warner-Lambert Co. COMMON 934488107 437,250 6,600 X 1 300 6,300
Waste Mgmt Inc Del COMMON 94106L109 466,359 10,510 X 1 2,827 7,683
Western Consortium Inc COMMON 958049108 15 15,000 X 1 15,000
Xerox Corp. COMMON 984121103 1,872,591 35,925 X 1 5,000 30,925
York International Corp. COMMON 986670107 796,297 22,550 X 1 1,250 21,300
Newscorp Overseas 8.625% P PREFER G6478B108 1,916,250 76,650 X 1 6,500 70,150
Partner-Re LTD 8% PREFER G6852T113 1,022,175 39,600 X 1 5,200 34,400
Rhone Poulenc 8.125% Pfd S PREFER G75495104 2,392,920 92,480 X 1 3,600 88,880
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Aggregate Column Totals 191,715,496
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