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
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Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings to entries.
Institutional Investment Manager Filing This Report:
Name: Westport Asset Management, Inc.
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Address: 253 Riverside Avenue
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Westport, CT 06880
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13F File Number: 028- 04441
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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: Ronald H. Oliver
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Title: President
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Phone: 203-227-3601
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Signature, Place, and Date of Signing:
/s/ Ronald H. Oliver Westport, Connecticut May 15, 2000
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Report Type (Check only one):
[x] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of Other Managers Reporting for this Manager:
I am signing this report as required by the Securities Exchange Act of 1934
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 197
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Form 13F Information Table Value Total: $ 2,586,707
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(x$1,000)
List of Included Managers:
No. 01 Andrew J. Knuth Westport Asset Management, Inc.
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No. 02 Albert H. Cohn Westport Asset Management, Inc.
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No. 03 Edmund H. Nicklin Westport Asset Management, Inc.
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List of Other Included Managers:
No. 13F File Number Name
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Form 13F INFORMATIONAL TABLE
<TABLE>
<CAPTION>
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY
OF (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
CLASS
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AAR Corporation COM 000361105 39618 2374100 SH Defined 01 03 1754950 619150
AEGON NV COM 007924103 2027 25176 SH Defined 02 25176
Abbott Laboratories COM 002824100 338 9600 SH Defined 02 9600
Advanced Lighting Technologies COM 00753C102 10187 543300 SH Defined 03 01 333000 210300
Airborne Freight Corporation COM 009266107 66162 2756734 SH Defined 01 03 02 2296134 460600
Alabama National Bancorp COM 010317105 2174 114400 SH Defined 01 64400 50000
Allegheny Technologies Inc. COM 01741R102 1399 69724 SH Defined 01 69724
Alpha Industries, Inc. COM 020753109 88226 928700 SH Defined 01 03 02 739800 188900
American Express COM 025816109 298 2000 SH Defined 02 2000
American General Corp COM 026351106 1019 18162 SH Defined 02 18162
American Home Products COM 026609107 2512 46734 SH Defined 02 46734
American Management Systems, I COM 027352103 6392 145900 SH Defined 03 01 02 145900
American Tower Corporation COM 029912201 14788 299500 SH Defined 01 299500
Amgen Inc COM 031162100 2547 41500 SH Defined 02 41500
Anadigics, Inc COM 032515108 56413 854750 SH Defined 01 03 765650 89100
Andover SvBk Mass COM 034258103 9643 337600 SH Defined 01 02 337600
Applebees International Inc. COM 037899101 20486 728400 SH Defined 01 03 522000 206400
Aramex International Inc. COM G04450105 914 70000 SH Defined 03 70000
Aspen Technology Inc. COM 045327103 18920 468600 SH Defined 03 01 02 383600 85000
Astoria Financial Corp COM 046265104 1057 37255 SH Defined 01 37255
Autologic Information Internat COM 052803103 553 150000 SH Defined 01 150000
BB&T Corporation COM 054937107 2373 84545 SH Defined 01 03 48311 36234
BJ's Wholesale Club Inc COM 05548J106 384 10000 SH Defined 02 10000
BP Amoco ADR's COM 055622104 495 9302 SH Defined 02 9302
Baker Hughes Inc. COM 057224107 830 27429 SH Defined 01 27429
Bank Plus COM 064446107 107 65600 SH Defined 01 65600
Bank UTD Corp COM 065412108 612 19400 SH Defined 01 19400
BankUnited Financial Corp. - C COM 06652B103 5778 825500 SH Defined 03 01 785500 40000
Banknorth Group Inc. Del COM 06646R107 590 22000 SH Defined 01 22000
Barrett Business Services COM 068463108 300 50000 SH Defined 01 50000
Beasley Broadcast Group, Inc. COM 074014101 12719 1375000 SH Defined 01 03 1035000 340000
Bell Atlantic Corp COM 077853109 601 9836 SH Defined 02 9836
Bergen Brunswig COM 083739102 1687 250000 SH Defined 01 250000
Billing Concepts Corp. COM 090063108 17279 2457400 SH Defined 01 03 1592500 864900
Bindley Western Industries, In COM 090324104 6488 478385 SH Defined 01 03 478385
Biosource COM 09066H104 305 25000 SH Defined 01 25000
Bristol-Myers Squibb Company COM 110122108 2946 50800 SH Defined 02 50800
Bush Boake Allen Inc. COM 123162109 16399 589640 SH Defined 03 01 265500 324140
C&D Technologies, Inc. COM 124661109 76381 1294600 SH Defined 01 03 1082600 212000
CCB Financial Inc COM 124875105 21776 492122 SH Defined 01 303888 188234
CNF Transportation Inc. COM 12612W104 17375 626134 SH Defined 01 02 551134 75000
CVS Corporation COM 126650100 2212 58900 SH Defined 02 58900
Canandaigua Brands Inc - Cl A COM 137219200 1530 30000 SH Defined 01 30000
Charter One Fin'l COM 160903100 30441 1449594 SH Defined 01 1274561 175033
Checkpoint Systems, Inc. COM 162825103 19666 2348200 SH Defined 01 03 02 1849400 498800
Chittenden Corporation COM 170228100 7199 242500 SH Defined 01 242500
Circle International Group, In COM 172574105 47882 1841600 SH Defined 01 03 02 1456000 385600
Citigroup COM 172967101 2289 38231 SH Defined 02 38231
Clear Channel Communications COM 184502102 713 10325 SH Defined 03 02 10325
Colonial Bancgroup Inc. COM 195493309 385 35800 SH Defined 01 35800
ComDisco Inc. COM 200336105 417 9450 SH Defined 02 9450
Commercial Federal Corp COM 201647104 927 55750 SH Defined 01 55750
Conexant Systems, Inc. COM 207142100 53747 757000 SH Defined 01 03 02 659000 98000
Consolidated Stores Corporatio COM 210149100 28312 2488995 SH Defined 01 03 02 1824835 664160
Corning, Inc. COM 219350105 13778 71020 SH Defined 02 71020
Covance Inc. COM 222816100 311 28916 SH Defined 02 28916
Cox Radio, Inc. - Class A COM 224051102 45377 540200 SH Defined 01 03 02 466000 74200
DST Systems COM 233326107 1201 18500 SH Defined 02 18500
Datastream Systems, Inc. COM 238124101 647 22300 SH Defined 01 22300
Devon Energy Corporation COM 25179M103 33438 688564 SH Defined 03 01 02 478105 210459
Downey Financial COM 281018105 28728 1351928 SH Defined 01 03 02 1123885 228043
DuPont Photomasks, Inc. COM 26613X101 16964 292800 SH Defined 01 02 292800
Duane Reade, Inc. COM 263578106 32710 1406900 SH Defined 03 01 02 1100400 306500
El Paso Electric Company COM 283677854 53954 5200400 SH Defined 03 01 4246400 954000
Emmis Communications Corp. COM 291525103 125355 2695800 SH Defined 01 03 02 2123800 572000
Exxon Mobil Corporation COM 30231G102 650 8336 SH Defined 02 8336
Federated Dept Stores COM 31410H101 253 6000 SH Defined 02 6000
First Bank NW Corp COM 33762X106 1808 173200 SH Defined 03 01 103200 70000
First Essex Bancorp, Inc. COM 320103104 1010 65400 SH Defined 03 65400
First State Bancorporation COM 336453105 172 15600 SH Defined 01 15600
First Union Corp. COM 337358105 941 25268 SH Defined 01 02 25268
First Washington Bancorp, Inc. COM 33620W100 17740 972070 SH Defined 01 03 02 730070 242000
Firstar Corporation COM 33763V109 15453 673719 SH Defined 01 584258 89461
Firstfed Financial Corp COM 337907109 339 25600 SH Defined 01 25600
Flagstar Bancorp COM 337930101 185 14200 SH Defined 01 14200
Fleet Fin'l COM 339030108 1479 40516 SH Defined 01 40516
Flow Int'l COM 343468104 1515 128900 SH Defined 03 01 128900
Footstar, Inc COM 344912100 511 18100 SH Defined 02 18100
Ford Motor Company COM 345370100 459 10000 SH Defined 02 10000
Fritz Companies, Inc. COM 358846103 22852 2257024 SH Defined 01 03 02 1983324 273700
GTE Corp. COM 362320103 1029 14500 SH Defined 02 14500
Gaylord Entertainment Company COM 367905106 14988 552564 SH Defined 01 03 552564
General Communications, Inc. COM 369385109 4289 798000 SH Defined 03 01 798000
General Electric COM 369604103 2576 16550 SH Defined 03 02 16550
GoldenState Bancorp Inc. COM 381197102 2990 200200 SH Defined 01 200200
Harbor Florida Bancshares COM 411901101 15663 1377000 SH Defined 01 03 02 1169000 208000
Harcourt General, Inc. COM 41163G101 1766 47400 SH Defined 02 47400
Hartford Financial Services COM 416515104 327 6200 SH Defined 02 6200
Healthsouth Corporation COM 421924101 10091 1774200 SH Defined 01 03 02 1504200 270000
Helmerich & Payne COM 423452101 1159 37400 SH Defined 01 37400
Heritage Financial Corporation COM 42722x106 1007 123000 SH Defined 03 01 123000
Hibernia Corporation COM 428656102 8048 766500 SH Defined 01 766500
Hilb, Rogal & Ham. COM 431294107 19160 701500 SH Defined 01 03 441300 260200
Honeywell Inc. COM 438506107 1103 20936 SH Defined 02 20936
Houghton Mifflin Company COM 441560109 46591 1097880 SH Defined 01 03 977880 120000
Houston Exploration Company COM 442120101 6273 348500 SH Defined 01 03 348500
Hudson United Bancorp COM 444165104 27487 1267408 SH Defined 01 03 857142.3 410266
IBM COM 459200101 944 8000 SH Defined 02 8000
ITT Educational Services, Inc. COM 45068B109 45145 2821540 SH Defined 01 03 02 2564015 257525
Insight Communications Company COM 45768V108 48614 2357050 SH Defined 01 03 02 1673625 683425
Intel Corporation COM 458140100 218 1650 SH Defined 02 1650
Intersil Holding Corporation COM 46069S109 1034 20000 SH Defined 03 01 20000
Interwest Bancorp Inc. COM 460931108 679 49350 SH Defined 01 49350
JLG Industries, Inc. COM 462210101 15661 1704600 SH Defined 01 03 02 1511200 193400
Johnson & Johnson COM 478160104 253 3600 SH Defined 02 3600
Kansas City Southern Industrie COM 485170104 2845 33100 SH Defined 02 33100
Lincare Holdings Inc. COM 532791100 1702 60000 SH Defined 03 4000 56000
Lucent Tech COM 549463107 1949 31824 SH Defined 01 02 31824
Lydall, Inc. COM 550819106 11863 1355800 SH Defined 01 03 1222400 133400
Manpower COM 56418H100 10674 300667 SH Defined 01 02 300667
Mazel Stores, Inc. COM 578792103 3732 392890 SH Defined 01 03 192590 200300
Media General Inc - Cl A COM 584404107 2179 41600 SH Defined 01 41600
Mediaone Group Inc. COM 58440J104 356 4400 SH Defined 03 02 4400
Merck & Co. COM 589331107 758 12200 SH Defined 02 12200
Metris Companies, Inc. COM 591598107 19121 491864 SH Defined 01 03 472764 19100
Minnesota Mng & Mfg COM 604059105 301 3400 SH Defined 02 3400
Morrison Management Specialist COM 618459101 15568 561016 SH Defined 03 01 528550 32466
Nabors Industries, Inc. COM 629568106 1229 31672 SH Defined 01 31672
Nat.West.Life Ins. COM 638522102 28812 355700 SH Defined 01 02 290400 65300
Neiman Marcus Group Inc. COM 640204202 857 30800 SH Defined 03 30800
New York Times Company COM 650111107 274 6372 SH Defined 03 6372
Newell COM 651192106 950 38275 SH Defined 02 38275
Oregon Trail Financial Corp COM 685932105 2357 267500 SH Defined 01 03 02 267500
Outback Steakhouse, Inc. COM 689899102 6435 200700 SH Defined 01 200700
Owens & Minor, Inc. COM 690732102 30871 2905500 SH Defined 01 03 02 2205000 700500
PBOC Holdings, Inc. COM 69316G108 1845 205000 SH Defined 01 03 55000 150000
Parametric Technology Corp. COM 699173100 4592 218000 SH Defined 01 03 218000
People's Savings CT COM 710198102 21624 1032800 SH Defined 01 02 805300 227500
Petroleum Helicopters nv COM 716604202 1380 127600 SH Defined 03 01 127600
Petroleum Helicopters, Inc. COM 716604103 555 48750 SH Defined 03 01 48750
Pfizer Inc. COM 717081103 1901 52002 SH Defined 02 52002
Pharmacia & Upjohn COM 716941109 583 9800 SH Defined 02 9800
Pittston Brinks COM 725701106 44578 2622207 SH Defined 01 03 02 2044433 577774
Pogo Producing Co COM 730448107 21231 743300 SH Defined 03 01 484200 259100
Policy Management Systems Corp COM 731108106 42134 3511200 SH Defined 01 03 02 2725000 786200
Precision Castparts Corp. COM 740189105 2256 61800 SH Defined 01 03 61800
Pres.Realty B COM 741004204 1336 184232 SH Defined 01 03 100647 83585
Priority Healthcare Corporatio COM 74264T102 6520 129747 SH Defined 01 03 129747
Project Software & Development COM 74339P101 14735 260800 SH Defined 01 03 31800 229000
Protocol Systems COM 74371R106 8409 862450 SH Defined 03 01 02 613450 249000
Quorum Health Group Inc. COM 749084109 32896 3269200 SH Defined 01 03 2267600 1001600
Rational Software Corp. COM 75409P202 25459 332800 SH Defined 01 02 332800
Reynolds & Reynolds, Inc. COM 761695105 24030 890000 SH Defined 01 03 654600 235400
Riverview Bancorp COM 769397100 2707 338380 SH Defined 01 03 02 315880 22500
Rogers Corp. COM 775133101 68504 1091700 SH Defined 01 03 02 807100 284600
Roslyn Savings Bank COM 778162107 1959 110000 SH Defined 01 110000
Ross Stores, Inc. COM 778296103 9384 390000 SH Defined 01 390000
Ruby Tuesday, Inc. COM 781182100 39763 2272200 SH Defined 01 03 02 1751600 520600
SLI Inc. COM 78442T108 2099 123500 SH Defined 01 03 123500
Saks Incorporated COM 79377w108 463 31950 SH Defined 03 02 5000 26950
Santa Fe Snyder Corp. COM 80218K105 6880 724200 SH Defined 03 01 634200 90000
Sea Containers - A COM 811371707 8558 386800 SH Defined 01 335900 50900
Sea Containers - B COM 811371707 1140 50676 SH Defined 01 50676
Seacoast Financial Services Co COM 81170Q106 13657 1383000 SH Defined 03 01 02 1134000 249000
Sensormatic Elect. COM 817265101 71959 3207066 SH Defined 01 03 02 2457166 749900
Sequa Corp. A COM 817320203 7636 192700 SH Defined 03 01 151600 41100
Sequa Corp. B COM 817320203 1810 38300 SH Defined 01 38300
Shared Medical Systems Corp. COM 819486101 49525 954700 SH Defined 01 03 02 852700 102000
Shopko Stores Inc COM 824911101 497 28000 SH Defined 01 28000
Sifco Industries COM 826546103 758 128950 SH Defined 01 03 128950
Six Rivers National Bank COM 830059101 400 33000 SH Defined 01 33000
Southwestern Energy Co. COM 845467109 3303 498600 SH Defined 03 01 393600 105000
Staten Island Bancorp Inc. COM 857550107 2283 133300 SH Defined 03 01 133300
Steinway Musical Instruments COM 858495104 611 32500 SH Defined 01 32500
Sterling Financial COM 859319105 6586 658600 SH Defined 01 03 02 658600
Sterling Software, Inc. COM 859547101 655 20000 SH Defined 01 20000
Summit Bancorp COM 866005101 6843 260687 SH Defined 01 216089 44598
Synopsys, Inc. COM 871607107 2018 41400 SH Defined 01 41400
TJX Companies COM 872540109 20024 902500 SH Defined 01 02 654500 248000
Teledyne Technologies Inc. COM 879360105 346 19919.99 SH Defined 01 19919.99
Teleflex Inc. COM 879369106 775 21900 SH Defined 01 21900
Texaco COM 881694103 525 9768 SH Defined 02 9768
Texas Instruments, Inc. COM 882508104 119108 744423 SH Defined 01 03 02 503357 241066
The South Financial Group, Inc COM 837841105 3832 292000 SH Defined 03 01 180600 111400
Thomas & Betts Corporation COM 884315102 15114 535000 SH Defined 01 535000
Timberland Bancorp. COM 887098101 4267 434900 SH Defined 03 01 02 271900 163000
Time Warner Inc. COM 887315109 4938 49380 SH Defined 03 02 49380
Toro Co COM 891092108 1153 38500 SH Defined 01 38500
Tosco Corp. COM 891490302 15640 510700 SH Defined 01 510700
Trustco Bank Corp NY COM 898349105 350 29968 SH Defined 01 29968
Tyco International COM 902124106 3473 69284 SH Defined 01 02 69284
U.S. Bancorp COM 902973106 404 18453 SH Defined 02 18453
Ultrak Corporation COM 903898401 789 86500 SH Defined 01 86500
Unigraphics Solutions, Inc. COM 904928108 33485 1132700 SH Defined 03 01 02 903300 229400
United Sec. Bank COM 91146A101 1791 188488.2 SH Defined 01 126484.5 62003.7
Universal Health Services, Inc COM 913903100 81993 1673324 SH Defined 01 03 02 1212224 461100
Vishay Intertechnology Inc COM 928298108 5442 97837 SH Defined 01 97837
Vodafone Airtouch PLC-SP ADR COM 92857T107 444 8000 SH Defined 03 02 8000
Volt Information Sciences, Inc COM 928703107 35412 985375 SH Defined 01 03 851575 133800
WSFS Financial Corporation COM 929328102 1368 110000 SH Defined 01 03 110000
Washington Mutual, Inc. COM 939322103 3279 123750 SH Defined 01 123750
Webster Financial Corp. COM 947890109 25111 1091770 SH Defined 01 03 02 878170 213600
Wellpoint Health Networks Inc. COM 94973G100 1806 25850 SH Defined 02 25850
Whitehall Jewellers, Inc. COM 965063100 24923 1060550 SH Defined 01 03 970550 90000
WorldCom, Inc. COM 98157D106 434 9582 SH Defined 02 9582
Xtra Corp. COM 984138107 48697 1281500 SH Defined 01 03 975800 305700
Zions Bancorporation COM 989701107 1141 27400 SH Defined 01 27400
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