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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: September 30, 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: First Carolina Investors, Inc.
Address: 1130 East Third Street
Charlotte, NC 28204
Form 13F File Number: 28-05173
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: Brent D. Baird
Title: Chairman
Phone: (716) 849-1484
Signature, Place, and Date of Signing:
S/ Brent D. Baird Buffalo, New York December 28, 1999
- ----------------------- ---------------------------- -----------------
[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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
---------
Form 13F Information Table Entry Total: 12
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Form 13F Information Table Value Total: $90,739
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(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.]
NONE
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- ------------------------ -------------- --------- -------- -------------------- ---------- -------- -------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED HOME
- ------------------------ -------------- --------- -------- -------------------- ---------- -------- -------------------
<S> <C> <C> <C> <C> <C> <C>
Acme Elec Corp Com 004644100 5750 100,000 Sole X
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Barrister Information
Sys Corp Com New 068659200 3023 1,667,910 Sole X
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Bell Inds Inc. Com 078107109 3091 706,400 Sole X
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Ecology & Environment Inc. Cl A 278878103 2338 425,000 Sole X
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Exolon ESK Co Com 302101100 971 64,700 Sole X
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First Un Real Est Eq &
Mtg Invts Sh Ben Int 337400105 6000 1,200,000 Sole X
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M&T BK Corp Com 55261F104 57375 125,000 Sole X
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Marine Trans Corp. Com 567912100 2100 700,000 Sole X
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Merchants Group Inc. Com 588539106 3088 135,000 Sole X
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Oglebay Norton Co Com 677007106 78 3,800 Sole X
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Tandycrafts Inc Com 875386104 1894 606,011 Sole X
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Todd Shipyards Corp Del Com 889039103 5031 700,000 Sole X
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</TABLE>
