UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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: Ballentine Capital Management, Inc.
--------------------------------------------------
Address: 10 Avon Meadow Lane
--------------------------------------------------
Avon, CT 06001
--------------------------------------------------
--------------------------------------------------
Form 13F File Number: 28-2599
------------------
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: Steven W. Ballentine
--------------------------------------------------
Title: President & CEO
--------------------------------------------------
Phone: (860) 676-1830
--------------------------------------------------
Signature, Place, and Date of Signing:
------------------------ ------------------------------ ----------
<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
forthis reporting manager are reported in this report and a
portion are reported by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
-------------
Form 13F Information Table Entry Total: 71
-------------
Form 13F Information Table Value Total: $ 764,286
-------------
(thousands)
Information for which we are requesting confidential treatment
has been omitted and filed separately with the Securities and Exchange
Commission.
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.
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGL Resources Inc COM 001204106 7487 440400 SH SOLE 440400
Advanced Commun. Grp COM 00751B106 7175 526600 SH SOLE 526600
American Capital Strategies COM 024937104 23887 1050000 SH SOLE 1050000
BJ Services COM 055482103 1463 35000 SH SOLE 35000
Baker Hughes Inc. COM 057224107 653 31000 SH SOLE 31000
CMP Group Inc COM 125887109 15931 578000 SH SOLE 578000
CTG Resources Inc COM 125957100 2401 69100 SH SOLE 69100
Cincinnati Bell Inc COM 171870108 1844 50000 SH SOLE 50000
Columbia Energy Group COM 197648108 36672 579800 SH SOLE 579800
Comfort Systems USA COM 199908104 605 82000 SH SOLE 82000
Conectiv COM 206829103 18109 1077100 SH SOLE 1077100
Conectiv Class A COM 206829202 1321 44600 SH SOLE 44600
Connecticut Energy Corp COM 207567108 793 20400 SH SOLE 20400
Consolidated Nat. Gas COM 209615103 13981 215300 SH SOLE 215300
Constellation Energy Group COM 210371100 15950 550000 SH SOLE 550000
Cooper Cameron Corp COM 216640102 1101 22500 SH SOLE 22500
DPL ,Inc. COM 233293109 15192 877500 SH SOLE 877500
DQE ,Inc. COM 23329J104 6374 184100 SH SOLE 184100
Dynatech Corp COM 268140100 2262 335100 SH SOLE 335100
Edison International COM 281020107 21118 806400 SH SOLE 806400
El Pas Elec. & Gas COM 283677854 17933 1827600 SH SOLE 1827600
El Paso Energy Corp COM 283905107 19837 511100 SH SOLE 511100
FPL Group COM 302571104 15138 353600 SH SOLE 353600
Florida Progress COM 341109106 5822 137600 SH SOLE 137600
GPU Inc. COM 36225X100 19792 661100 SH SOLE 661100
ICG Communications COM 449246107 10582 564400 SH SOLE 564400
IRI Intl. Corp COM 45004F107 400 100000 SH SOLE 100000
Imperial Credit Industries COM 452729106 625 100000 SH SOLE 100000
Integrated Elec Svcs COM 45811E103 4012 398700 SH SOLE 398700
Interep Nat'l Radio Sales COM 45866V109 651 48700 SH SOLE 48700
Ipalco Enterprises COM 462613100 16837 986800 SH SOLE 986800
JSB Financial Inc. COM 46624M100 1037 20000 SH SOLE 20000
KCS Energy Inc COM 482434206 8 10000 SH SOLE 10000
Kinder Morgan Inc COM 49455p101 31557 1563200 SH SOLE 1563200
LG&E Energy Corp COM 501917108 18683 1071400 SH SOLE 1071400
Lincoln Bancorp COM 532879103 892 85000 SH SOLE 85000
MCN Energy Group COM 55267J100 11875 500000 SH SOLE 500000
Minnesota Pwr & Lt COM 604110106 29683 1752500 SH SOLE 1752500
Montana Power Co COM 612085100 61274 1699100 SH SOLE 1699100
NCRIC Group Inc COM 628866105 165 18900 SH SOLE 18900
NUI Corporation COM 629430109 4943 187400 SH SOLE 187400
Natl Fuel Gas Co COM 636180101 21357 459300 SH SOLE 459300
New Jersey Resources COM 646025106 227 5800 SH SOLE 5800
Nicor Inc COM 654086107 11433 351800 SH SOLE 351800
Octel Corp COM 675727101 1433 138100 SH SOLE 138100
PECO Energy Co COM 693304107 51010 1467900 SH SOLE 1467900
PP&L Resources COM 693499105 7281 318300 SH SOLE 318300
Peoples Energy COM 711030106 15842 472900 SH SOLE 472900
Piedmont Natural COM 720186105 6891 227800 SH SOLE 227800
Pinnacle West Cap COM 723484101 29172 954500 SH SOLE 954500
Professionals Group Inc COM 742954100 4295 183260 SH SOLE 183260
Public Scs Co N Mex COM 744499104 32238 1983900 SH SOLE 1983900
Public Service Co of NC COM 744516105 12466 385800 SH SOLE 385800
Quanta Services Inc COM 74762E102 7105 251500 SH SOLE 251500
Reliant Energy Inc COM 442161105 1203 52600 SH SOLE 52600
Republic Sec Financial Corp COM 760758102 534 74600 SH SOLE 74600
Rite Aid Corp COM 767754104 559 50000 SH SOLE 50000
Sierra Pac Res COM 826428104 6258 361445 SH SOLE 361445
South Jersey Industries COM 838518108 907 31900 SH SOLE 31900
Sunshing Mining Warrant COM 867833147 6 372400 SH SOLE 372400
TNP Enterprises COM 872594106 25872 627200 SH SOLE 627200
Texas Utils Co COM 882848104 17589 494600 SH SOLE 494600
US Concrete Inc COM 90333L102 2055 342500 SH SOLE 342500
USEC, Inc. COM 90333E108 700 100000 SH SOLE 100000
UniSource Energy COM 909205106 15621 1396300 SH SOLE 1396300
Unicom Corp COM 904911104 5313 158600 SH SOLE 158600
Unifab Int'l Inc COM 90467L100 409 72000 SH SOLE 72000
United Panam Financial COM 911301109 97 50000 SH SOLE 50000
Washington Gas Light COM 938837101 8470 308000 SH SOLE 308000
Williams Cos Inc COM 969457100 8949 292800 SH SOLE 292800
Worldgate Communications COM 98156L307 2925 61500 SH SOLE 61500
</TABLE>
