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: Caldwell & Orkin, Inc.
Address: 2050 Tower Place
3340 Peachtree Road, N.E.
Atlanta, Georgia 30326
Form 13F File Number: 28- 2699
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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: Michael B. Orkin
Title: President
Phone: (404) 239-0707
Signature, Place, and Date of Signing:
/s/ Michael B. Orkin Atlanta, Georgia 11-8-99
_____________________ ___________________________ ___________________
[Signature] [City, State] [Date]
Report Type (Check one only):
[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).)
List of Other Managers Reporting for this Manager:
None
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 92
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Form 13F Information Table Value Total: $ 273,457
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file nember(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.]
No. Form 13F File Number Name
1 28-3468 C & O Funds Advisor, Inc.
- ------- -------------------------
[Repeat as necessary.]
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FORM 13F INFORMATION TABLE
PAGE 1
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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> <S> <C> <C> <C> <S> <S> <C> <C>
ADELPHIA COMMUN. CORP. CL A COM 006848105 11351 193000 SH DEFINED 1 193000
ADELPHIA COMMUN. CORP. CL A COM 006848105 3740 63600 SH SOLE 63600
AMKOR TECHNOLOGY INC COM 031652100 2178 135100 SH DEFINED 1 135100
AMKOR TECHNOLOGY INC COM 031652100 1289 79900 SH SOLE 79900
APPLE COMPUTER INC COM COM 037833100 3750 59235 SH SOLE 59235
APPLIED ANALYTICAL INDS. INC. COM 037939105 281 25000 SH SOLE 25000
AT&T CORP - LIBERTY MEDIA -A COM 001957208 4086 109500 SH DEFINED 1 109500
AT&T CORP - LIBERTY MEDIA -A COM 001957208 1336 35800 SH SOLE 35800
BARRICK GOLD CORP COM COM 067901108 2647 121700 SH DEFINED 1 121700
BARRICK GOLD CORP COM COM 067901108 1531 70400 SH SOLE 70400
BEST BUY COMPANY, INC. COM 086516101 4210 67900 SH DEFINED 1 67900
BEST BUY COMPANY, INC. COM 086516101 1587 25600 SH SOLE 25600
BJ'S WHOLESALE CLUB COM 05548J106 707 23900 SH DEFINED 1 23900
BJ'S WHOLESALE CLUB COM 05548J106 3027 102394 SH SOLE 102394
BRINKER INTERNATIONAL INC COM 109641100 3285 121400 SH DEFINED 1 121400
BRINKER INTERNATIONAL INC COM 109641100 1700 62800 SH SOLE 62800
CABLEVISION SYSTEMS CORP. COM 12686C109 12273 168700 SH DEFINED 1 168700
CABLEVISION SYSTEMS CORP. COM 12686C109 7653 105200 SH SOLE 105200
CASE CORPORATION COM COM 14743R103 11611 233100 SH DEFINED 1 233100
CASE CORPORATION COM COM 14743R103 3776 75800 SH SOLE 75800
CBS CORPORATION COM 12490K107 7895 170700 SH DEFINED 1 170700
CBS CORPORATION COM 12490K107 6121 132350 SH SOLE 132350
CISCO SYS INC COM COM 17275R102 3469 50600 SH DEFINED 1 50600
CISCO SYS INC COM COM 17275R102 1913 27900 SH SOLE 27900
COMMSCOPE, INC. COM 203372107 6211 191100 SH DEFINED 1 191100
COMMSCOPE, INC. COM 203372107 2843 87500 SH SOLE 87500
CONSOLIDATED PAPERS, INC. COM 209759109 835 31060 SH SOLE 31060
COOPER CAMERON CORP. COM 216640102 1786 47300 SH DEFINED 1 47300
COOPER CAMERON CORP. COM 216640102 909 24100 SH SOLE 24100
DAYTON HUDSON CORP. COM 239753106 5598 93200 SH DEFINED 1 93200
DAYTON HUDSON CORP. COM 239753106 5015 83500 SH SOLE 83500
DII GROUP, INC. COM 232949107 1126 32000 SH SOLE 32000
DPL INC COM COM 233293109 473 26850 SH SOLE 26850
ELECTRONIC DATA SYSTEMS, INC. COM 285661104 6453 121900 SH DEFINED 1 121900
ELECTRONIC DATA SYSTEMS, INC. COM 285661104 5515 104183 SH SOLE 104183
EMC CORPORATION COM 268648102 3483 48800 SH DEFINED 1 48800
EMC CORPORATION COM 268648102 4861 68100 SH SOLE 68100
FAMILY DOLLAR STORES COM 307000109 4863 230200 SH DEFINED 1 230200
FAMILY DOLLAR STORES COM 307000109 1867 88400 SH SOLE 88400
FOREST LABS INC. COM 508026857 611 14500 SH SOLE 14500
FOX ENTERTAINMENT GROUP INC COM 35138T107 505 24000 SH DEFINED 1 24000
FOX ENTERTAINMENT GROUP INC COM 35138T107 746 35400 SH SOLE 35400
GENERAL ELECTRIC CO. COM 369604103 3160 26650 SH SOLE 26650
HOME DEPOT INC COM COM 437076102 4834 70440 SH SOLE 70440
HORIZON OFFSHORE, INC. COM 44043j105 410 51200 SH SOLE 51200
JONES INTERCABLE INC CL A COM 480206200 6228 115200 SH DEFINED 1 115200
JONES INTERCABLE INC CL A COM 480206200 3044 56300 SH SOLE 56300
KROGER COMPANY COM 501044101 2021 91600 SH SOLE 91600
KV PHARMACEUTICAL CO. - CL A COM 482740206 1015 54300 SH SOLE 54300
MICROSOFT CORP COM 594918104 1594 17600 SH SOLE 17600
MINNESOTA MNG & MTG CO COM 604059105 3073 31992 SH SOLE 31992
MOTOROLA INC. COM 620076109 978 11113 SH SOLE 11113
NATIONAL SEMICONDUCTOR CORP. COM 637640103 3166 103600 SH DEFINED 1 103600
NATIONAL SEMICONDUCTOR CORP. COM 637640103 1834 60000 SH SOLE 60000
NAVISTAR INTL CORP COM 63934E108 9677 208100 SH DEFINED 1 208100
NAVISTAR INTL CORP COM 63934E108 5529 118912 SH SOLE 118912
NEWPARK RESOURCES COM 651718504 886 114300 SH DEFINED 1 114300
NEWPARK RESOURCES COM 651718504 452 58300 SH SOLE 58300
NORTEL NETWORKS CORP COM 656569100 224 4400 SH SOLE 4400
NOVELL INC COM 670006105 2170 104900 SH DEFINED 1 104900
NOVELL INC COM 670006105 845 40850 SH SOLE 40850
OUTBACK STEAKHOUSE INC. COM 689899102 1638 64300 SH DEFINED 1 64300
OUTBACK STEAKHOUSE INC. COM 689899102 909 35700 SH SOLE 35700
PENWEST PHARMACEUTICALS CO COM 709754105 406 55000 SH SOLE 55000
PRECISION DRILLING CORP. COM 74022d100 995 42900 SH SOLE 42900
RELIASTAR FINANCIAL CORP. COM 75952u103 5619 169000 SH DEFINED 1 169000
RELIASTAR FINANCIAL CORP. COM 75952u103 3837 115400 SH SOLE 115400
S3, INC. COM 784849101 1736 166300 SH DEFINED 1 166300
S3, INC. COM 784849101 1849 177200 SH SOLE 177200
SHAW INDUSTRIES INC COM 820286102 1045 65850 SH SOLE 65850
SOUTHERN CO COM COM 842587107 615 23866 SH SOLE 23866
SPRINT CORP. (FON GROUP) COM 852061100 2886 53200 SH SOLE 53200
SPRINT CORP. (PCS GROUP) COM 852061506 992 13300 SH SOLE 13300
TANDY CORPORATION COM 875382103 3918 75800 SH DEFINED 1 75800
TANDY CORPORATION COM 875382103 2228 43100 SH SOLE 43100
TARO PHARMACEUTICAL COM M8737e108 172 11300 SH DEFINED 1 11300
TARO PHARMACEUTICAL COM M8737e108 1971 129200 SH SOLE 129200
TIME WARNER, INC. COM 887315109 2298 37825 SH SOLE 37825
TITAN PHARMACEUTICALS INC COM 888314101 958 102200 SH SOLE 102200
TYCO INTERNATIONAL LTD. COM 902124106 7620 73800 SH DEFINED 1 73800
TYCO INTERNATIONAL LTD. COM 902124106 2922 28300 SH SOLE 28300
WAL-MART STORES, INC. COM 931142103 476 10000 SH SOLE 10000
WARNER LAMBERT CO COM COM 934488107 2221 33455 SH SOLE 33455
WESTPOINT STEVENS INC COM COM 961238102 10175 430700 SH DEFINED 1 430700
WESTPOINT STEVENS INC COM COM 961238102 6417 271599 SH SOLE 271599
XILINX, INC. COM 983919101 655 10000 SH SOLE 10000
CONSECO INC. PUT OPT JAN 40.00 PUT 208465ah7 372 185 SH PUT SOLE 185
ORGANOGENESIS, INC. PUT OPT JA PUT 6859068ac 225 300 SH PUT SOLE 300
PEDIATRIX FEB 22.5 PUT PUT 7053248bx 302 306 SH PUT SOLE 306
SABRATEK CORP. PUT OPT NOV 25. PUT 78571u8ke 1182 550 SH PUT SOLE 550
VENTANA MEDICAL SYS PUT OPT JA PUT 9b499t507 255 364 SH PUT SOLE 364
XEIKON NV PUT OPT FEB 30.00 PUT 9A4993837 307 300 SH PUT SOLE 300
REPORT SUMMARY 92 DATA RECORDS 273,457 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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