BRAHMAN SECURITIES INC/NY
13F-HR, 1999-05-14
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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, 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              Brahman Capital Corp.
         ---------------------------------------------------------------------
Address                 277 Park Avenue
         ---------------------------------------------------------------------
                  New York, NY 10017
         ----------------------------------------------------------------------

         Form 13F File Number:      28-

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:             Arthur S. Ainsberg
         --------------------------------------------------------------------
Title:            Chief Financial Officer
         --------------------------------------------------------------------
Phone:            (212) 350-5367
         -------------------------------------------------------------------

Signature, Place, and Date of Signing:

/s/ Arthur S. Ainsberg         New York, NY               May 14, 1999
- ----------------------     ---------------------      -----------------
[Signature]                   [City, State]                  [Date]


<PAGE>



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).)

134743


<PAGE>

<TABLE>
<CAPTION>




                FORM 13F     NAME OF REPORTING MANAGER:   BRAHMAN CAPITAL CORP.
- ---------------------------------------------------------------------------------------------------------------------------------


               <S>                            <C>            <C>           <C>                <C>

              Item 1                         Item 2         Item 3         Item 4            Item 5



            Name of Issuer                    Title          CUSIP       Fair Market         Shares or
              Issuer                         of Class        Number          Value           Principal
                                                                                               Amount


           ------------------------------------------------------------------------------------------------------------------------
AGRPA       ASSOCIATED GROUP INC. CL A          COMMOM       045651-10-6      1,040,813.00      21,000                             
CPS         CHOICEPOINT, INC.                   COMMON       170388-10-2     38,401,256.00     769,950
CEXP        CORPORATE EXPRESS INC.              COMMON       219888-10-4     40,884,451.00   7,881,340
XQPDA       CORPORATE EXPRESS INC.              COMMON       219888-90-4          9,375.00         200 (C)
CLJ         CRESTLINE CAPITAL CORP              COMMON       226153 10 4     15,075,187.00     980,500
CURE        CURATIVE HEALTH SYSTEMS             COMMON       231264 10 2      1,035,000.00      90,000
HSM         HUSSMANN INTERNATIONAL              COMMON       448110-10-6     10,949,531.00     745,500
ITX         IT GROUP INC.                       COMMON       460465-40-4     36,013,847.00   2,797,192
JRM         J RAY MCDERMOTT, SA                 COMMON       P64658-10-0     20,930,425.00     700,600
XQL RH      LERNOUT & HAUSPIE SPEECH PRODUCTS   COMMON       B5628B-95-4      1,287,500.00       1,000 (P)
MGL         MAGELLAN HEALTH SERVICES            COMMON       559079-10-8      4,101,237.00     979,400    
MDR         MCDERMOTT INTERNATIONAL INC.        COMMON       580037-10-9     15,549,468.00     614,300
PPE         PARK PLACE ENTERTAINMENT            COMMOM       700690-10-0     10,804,165.00   1,428,650                             
RHD         RH DONNELLEY CORP                   COMMON       74955W-30-7     19,452,793.00   1,260,100
SPW         SPX CORP                            COMMON       784635-10-4     39,078,168.00     774,784
SPW IK      SPX CORP                            COMMON       784635-90-4      3,075,000.00       6,000 (C)
SOC SA      SUNBEAM CORP                        COMMON       867071-95-2        153,750.00       2,050 (P)

                                                                           ================
                                                                            257,841,966.00
                                                                           ================








<PAGE>
             <S>                                              <C>                  <C>                    <C>   
              Item 1                                         Item 6               Item 7                  Item 8
                                                 --------------------------                     --------------------------------

            Name of Issuer                     A)Sole   B)Shared     C)Shared    Managers     A)Sole     B)Shared       c)Shared
              Issuer                                    As Defined     Other     See Instr.              As Defined       Other
                                                        in Insr. V                                       in Instr.V


- ---------------------------------------------------------------------------------------------------------------------------------
AGRPA       ASSOCIATED GROUP INC. CL A            x                                            x
CPS         CHOICEPOINT, INC.                     x                                            x
CEXP        CORPORATE EXPRESS INC.                x                                            x
XQPDA       CORPORATE EXPRESS INC.                x                                            x
CLJ         CRESTLINE CAPITAL CORP                x                                            x
CURE        CURATIVE HEALTH SYSTEMS               x                                            x
HSM         HUSSMANN INTERNATIONAL                x                                            x
ITX         IT GROUP INC.                         x                                            x
JRM         J RAY MCDERMOTT, SA                   x                                            x
XQL RH      LERNOUT & HAUSPIE SPEECH PRODUCTS     x                                            x
MGL         MAGELLAN HEALTH SERVICES              x                                            x
MDR         MCDERMOTT INTERNATIONAL INC.          x                                            x
PPE         PARK PLACE ENTERTAINMENT              x                                            x
RHD         RH DONNELLEY CORP                     x                                            x
SPW         SPX CORP                              x                                            x
SPW IK      SPX CORP                              x                                            x
SOC SA      SUNBEAM CORP                          x                                            x





</TABLE>

            Note:   The  above  schedule  sets  forth  only  the  Section  13(f)
            securities under management by Brahman Capital at March 31, 1999 and
            required to be reported on Form 13F.  The limited  comments of Forms
            13F cannot be used as a basis of  determining  actual or prospective
            investment  performance and any attempt to use such  information may
            be materially misleading.





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