UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 8/9/99
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[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)).
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: 80
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Form 13F Information Table Value Total: $ 302,885
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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.]
No. Form 13F file Number Name
1 28- 3468 C & O Funds Advisor, Inc.
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FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADELPHIA COMMUN. COM 006848105 7,928 124,600 SH DEFINED 1 124,600
CORP. CL A
ADELPHIA COMMUN. COM 006848105 2,990 47,000 SH SOLE 47,000
CORP. CL A
APPLE COMPUTER INC. COM 037833100 6,215 134,200 SH DEFINED 1 134,200
COM.
APPLE COMPUTER INC. COM 037833100 5,318 114,835 SH SOLE 114,835
COM.
APPLIED MICRO COM 03822w109 3,627 44,100 SH DEFINED 1 44,100
CIRCUITS CORP.
APPLIED MICRO COM 03822w109 1,086 13,200 SH SOLE 13,200
CIRCUITS CORP.
AT&T CORP. - COM 001957208 5,365 146,000 SH DEFINED 1 146,000
LIBERTY MEDIA - A
AT&T CORP. - COM 001957208 1,757 47,800 SH SOLE 47,800
LIBERTY MEDIA - A
AT&T CORP COM COM 001957109 4,164 74,600 SH DEFINED 1 74,600
AT&T CORP COM COM 001957109 1,529 27,400 SH SOLE 27,400
BALLARD POWER COM 05858h104 208 6,500 SH SOLE 6,500
SYSTEMS, INC.
BJ'S WHOLESALE CLUB COM 05548J106 2,411 80,194 SH SOLE 80,194
CABLEVISION SYSTEMS COM 12686C109 11,809 168,700 SH DEFINED 1 168,700
CORP.
CABLEVISION SYSTEMS COM 12686C109 7,404 105,768 SH SOLE 105,768
CORP.
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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CASE CORPORATION COM 14743R103 11,218 233,100 SH DEFINED 1 233,100
COM.
CASE CORPORATION COM 14743R103 3,648 75,800 SH SOLE 75,800
COM.
CBS CORPORATION COM 12490K107 10,394 238,600 SH DEFINED 1 238,600
CBS CORPORATION COM 12490K107 6,249 143,450 SH SOLE 143,450
CHASE MANHATTAN COM 16161A108 2,111 24,400 SH SOLE 24,400
CORP.
COMCAST CORP CL. A COM 200300200 4,559 118,600 SH DEFINED 1 118,600
COMCAST CORP CL. A COM 200300200 1,553 40,400 SH SOLE 40,400
CONSOLIDATED COM 209759109 831 31,060 SH SOLE 31,060
PAPERS, INC.
COX COMMUNICATIONS COM 224044107 4,071 110,600 SH DEFINED 1 110,600
INC.
COX COMMUNICATIONS COM 224044107 1,885 51,200 SH SOLE 51,200
INC.
DPL INC. COM. COM 233293109 497 26,850 SH SOLE 26,850
ELECTRONIC DATA COM 285661104 6,903 121,900 SH DEFINED 1 121,900
SYSTEMS, INC.
ELECTRONIC DATA COM 285661104 4,594 81,134 SH SOLE 81,134
SYSTEMS, INC.
FIRST DATA CORP COM COM 319963104 2,657 54,300 SH DEFINED 1 54,300
FIRST DATA CORP COM COM 319963104 1,082 22,100 SH SOLE 22,100
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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FOOD LION INC. COM 344775101 4,978 430,500 SH DEFINED 1 430,500
CL B
FOOD LION INC. COM 344775101 2,175 188,100 SH SOLE 188,100
CL B
FOREST LABS INC. COM 508026857 671 14,500 SH SOLE 14,500
FOX ENTERTAINMENT COM 35138T107 12,930 480,000 SH DEFINED 1 480,000
GROUP, INC.
FOX ENTERTAINMENT COM 35138T107 3,176 117,900 SH SOLE 117,900
GROUP, INC.
FYI, INC. COM 302712104 900 28,700 SH SOLE 28,700
GENERAL ELECTRIC CO. COM 369604103 3,034 26,850 SH SOLE 26,850
HOME DEPOT INC. COM 437076102 4,575 71,000 SH SOLE 71,000
COM.
INTERMEDIA COM 458801107 1,515 50,500 SH DEFINED 1 50,500
COMMUNICATIONS
INTERMEDIA COM 458801107 735 24,500 SH SOLE 24,500
COMMUNICATIONS
JONES INTERCABLE COM 480206200 2,675 54,600 SH DEFINED 1 54,600
INC., CL. A
JONES INTERCABLE COM 480206200 2,759 56,300 SH SOLE 56,300
INC., CL. A
KROGER COMPANY COM 501044101 2,604 93,200 SH SOLE 93,200
KV PHARMACEUTICAL COM 482740206 842 54,300 SH SOLE 54,300
CO. CL. A
LONE STAR COM 542307103 2,811 289,200 SH DEFINED 1 289,200
STEAKHOUSE COM
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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LONE STAR COM 542307103 1,334 137,300 SH SOLE 137,300
STEAKHOUSE COM
MASCO CORP. COM 574599106 4,152 143,800 SH DEFINED 1 143,800
MASCO CORP. COM 574599106 1,906 66,000 SH SOLE 66,000
MICROSOFT CORP. COM 594918104 5,826 64,600 SH DEFINED 1 64,600
MICROSOFT CORP. COM 594918104 3,950 43,800 SH SOLE 43,800
MINNESOTA MNG & MTG COM 604059105 3,146 36,192 SH SOLE 36,192
CO.
MOTOROLA INC. COM 620076109 947 9,992 SH SOLE 9,992
NATIONAL COMM. COM 635449101 1,910 87,300 SH DEFINED 1 87,300
BANCORP
NATIONAL COMM. COM 635449101 599 27,400 SH SOLE 27,400
BANCORP
NAVISTAR INTL. COM 63934E108 13,870 277,400 SH DEFINED 1 277,400
CORP.
NAVISTAR INTL. COM 63934E108 7,085 141,691 SH SOLE 141,691
CORP.
NOKIA CORP COM 654902204 3,882 42,400 SH DEFINED 1 42,400
SPONSORED ADR
NOKIA CORP COM 654902204 1,877 20,500 SH SOLE 20,500
SPONSORED ADR
NORTEL NETWORKS COM 656569100 4,011 46,200 SH DEFINED 1 46,200
CORP.
NORTEL NETWORKS COM 656569100 4,056 46,730 SH SOLE 46,730
CORP.
NOVELL INC. COM 670006105 13,168 496,900 SH DEFINED 1 96,900
NOVELL INC. COM 670006105 3,894 146,950 SH SOLE 146,950
PENWEST COM 709754105 440 55,000 SH SOLE 55,000
PHARMACEUTICALS CO.
QUALCOMM INC. COM 747525103 2,325 16,200 SH DEFINED 1 16,200
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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QUALCOMM INC. COM 747525103 1,119 7,800 SH SOLE 7,800
RELIASTAR FINANCIAL COM 75952u103 6,961 159,100 SH DEFINED 1 159,100
CORP.
RELIASTAR FINANCIAL COM 75952u103 2,292 52,400 SH SOLE 52,400
CORP.
SEAGRAM COMPANY LTD. COM 811850106 3,521 69,900 SH DEFINED 1 69,900
SEAGRAM COMPANY LTD. COM 811850106 1,204 23,900 SH SOLE 23,900
SHAW INDUSTRIES, INC. COM 820286102 1,323 75,600 SH SOLE 75,600
SOUTHERN CO. COM COM 842587107 632 23,866 SH SOLE 23,866
SPRINT CORP (FON COM 852061100 2,835 53,500 SH SOLE 53,500
GROUP)
SPRINT CORP. (PCS COM 852061506 758 13,300 SH SOLE 13,300
GROUP)
TIME WARNER, INC. COM 887315109 4,111 56,600 SH DEFINED 1 56,600
TIME WARNER, INC. COM 887315109 4,700 64,725 SH DEFINED 1 156,900
WALLACE COMPUTERS COM 932270101 250 10,000 SH SOLE 10,000
SERVICES, INC.
WARNER LAMBERT CO. COM 934488107 2,315 33,495 SH SOLE 33,495
COM.
WESTPOINT STEVENS COM 961238102 10,229 343,100 SH DEFINED 1 343,100
INC. COM.
WESTPOINT STEVENS COM 961238102 7,016 235,349 SH SOLE 235,349
INC. COM.
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
(x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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XILINX, INC. COM 983919101 3,000 52,400 SH DEFINED 1 52,400
XILINX, INC. COM 983919101 1,798 31,400 SH SOLE 31,400
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<S> <S> <C> <S>
REPORT SUMMARY 80 DATA RECORDS 302,885 1 OTHER MANAGER ON WHOSE BEHALF REPORT IS FILED
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