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, 2000
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: WATER STREET CAPITAL, INC.
Address: 225 WATER STREET, S-1987
JACSONVILLE, FL. 32202
13 File Number:
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
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: GILCHRIST B. BERG
Title: PRESIDENT
Phone: 904-355-9989
Signature, Place and Date of Signing:
GILCHRIST B. BERG August 2, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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
Form 13F Information Table Entry Total: 111
Form 13F Information Table Value Total: 544013
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<TABLE> <C> <C>
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 DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D 24/7 MEDIA INC COM STK COMMON STOCK 901314104 781 50000 SH SOLE 50000 0 0
D 4 KIDS ENTMT INC COM COMMON STOCK 350865101 10636 408100 SH SOLE 408100 0 0
D ADTRAN INC COM COMMON STOCK 00738A106 2096 35000 SH SOLE 35000 0 0
D ADTRAN INC COM OPTIONS - CALLS 00738A106 2994 50000 SH CALL SOLE 50000 0 0
D AGRIBRANDS INTL COM COMMON STOCK 00849R105 1589 37900 SH SOLE 37900 0 0
D AIRGAS INC COM COMMON STOCK 009363102 3131 550500 SH SOLE 550500 0 0
D ALBERTSONS INC COM COMMON STOCK 013104104 9153 275274 SH SOLE 275274 0 0
D ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 914 50800 SH SOLE 50800 0 0
D AMER EXPRESS CO COM COMMON STOCK 025816109 11473 220100 SH SOLE 220100 0 0
D AMERICAN BUSINESS FINL SVCS IN COMMON STOCK 02476B106 742 64900 SH SOLE 64900 0 0
D AMERICAN SOFTWARE INC CL A COMMON STOCK 029683109 1603 312700 SH SOLE 312700 0 0
D AMERITRADE HOLDINGS CORP-CL A COMMON STOCK 03072H109 4069 350000 SH SOLE 350000 0 0
D ASTRO POWER COM STK COMMON STOCK 04644A101 4747 175000 SH SOLE 175000 0 0
D BERKSHIRE HATHAWAY CL A INC DE COMMON STOCK 084670108 43686 812 SH SOLE 812 0 0
D BERKSHIRE HATHAWAY INC CLASS B COMMON STOCK 084670207 704 400 SH SOLE 400 0 0
D BOOKS-A-MILLION INC COM COMMON STOCK 098570104 265 57322 SH SOLE 57322 0 0
D BUCKEYE TECHNOLOGIES INC COM COMMON STOCK 118255108 46219 2106853 SH SOLE 2106853 0 0
D BUY.COM INC COMMON STOCK 124269101 75 15000 SH SOLE 15000 0 0
D COCA COLA CO COM USD .25 COMMON STOCK 191216100 1717 29900 SH SOLE 29900 0 0
D COLUMBUS MCKINNON CORP N Y COM COMMON STOCK 199333105 14809 1067292 SH SOLE 1067292 0 0
D CONSECO INC COM COMMON STOCK 208464107 975 100000 SH SOLE 100000 0 0
D CONSECO INC COM OPTIONS - PUTS 208464107 975 100000 SH PUT SOLE 100000 0 0
D CONSECO INC COM OPTIONS - PUTS 208464107 1024 105000 SH PUT SOLE 105000 0 0
D COREL SYSTEMS CORP CAD COM COMMON STOCK 21868Q109 1965 499100 SH SOLE 499100 0 0
D COREL SYSTEMS CORP CAD COM OPTIONS - CALLS 21868Q109 59 15000 SH CALL SOLE 15000 0 0
D COYOTE NETWORK SYSTEMS INC COM COMMON STOCK 22406P108 595 113400 SH SOLE 113400 0 0
D CREDITRUST CORP COM COMMON STOCK 225429109 190 144874 SH SOLE 20700 0 0
D DIGITAL RIVER INC COM STK OPTIONS - PUTS 25388B104 653 85000 SH PUT SOLE 85000 0 0
D E-LOAN INC COM STK COMMON STOCK 26861P107 987 207800 SH SOLE 207800 0 0
D EGGHEAD.COM INC COM STK COMMON STOCK 282329101 294 100000 SH SOLE 100000 0 0
D ENTREMED INC COM COMMON STOCK 29382F103 5089 170000 SH SOLE 170000 0 0
D ETOYS INC COM STK COMMON STOCK 297862104 912 143700 SH SOLE 143700 0 0
D F5 NETWORKS INC COM COMMON STOCK 315616102 6275 115000 SH SOLE 115000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 2728 50000 SH PUT SOLE 50000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 2728 50000 SH PUT SOLE 50000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 1910 35000 SH PUT SOLE 35000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 1091 20000 SH PUT SOLE 20000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 955 17500 SH PUT SOLE 17500 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 315616102 1637 30000 SH PUT SOLE 30000 0 0
D FASTENAL CO COM OPTIONS - PUTS 311900104 2025 40000 SH PUT SOLE 40000 0 0
D FEDERAL MOGUL CORP COM COMMON STOCK 313549107 1762 184300 SH SOLE 184300 0 0
D FPIC INS GROUP INC COM COMMON STOCK 302563101 4706 300000 SH SOLE 300000 0 0
D GEORGIA PACIFIC GROUP COM COMMON STOCK 373298108 4890 186300 SH SOLE 186300 0 0
D GEORGIA-PAC (TIMBER GRP) COMMON STOCK 373298702 1903 88000 SH SOLE 88000 0 0
D GUMTECH INTL INC COM COMMON STOCK 402803100 139 10000 SH SOLE 10000 0 0
D HCA - THE HEALTHCARE COMPANY COMMON STOCK 404119109 2937 96700 SH SOLE 96700 0 0
D HERCULES INC COM COMMON STOCK 427056106 7230 514100 SH SOLE 514100 0 0
D IMMUNEX CORP NEW COM OPTIONS - PUTS 452528102 989 20000 SH PUT SOLE 20000 0 0
D IMMUNOMEDICS INC COM OPTIONS - PUTS 452907108 245 10000 SH PUT SOLE 10000 0 0
D IXL ENTERPRISES COM COMMON STOCK 450718101 1450 100000 SH SOLE 100000 0 0
D JOURNAL REGISTER CO COM COMMON STOCK 481138105 12324 675300 SH SOLE 675300 0 0
D K-SWISS INC COM CL A COMMON STOCK 482686102 3044 191000 SH SOLE 191000 0 0
D KNIGHT TRADING GROUP INC COM S OPTIONS - PUTS 499063105 4770 130000 SH SOLE 160000 0 0
D LASTMINUTE COM PLC ADR ADRS STOCKS 518129101 678 45000 SH SOLE 45000 0 0
D LERNOUT & HAUSPIE SPEECH PRODS COMMON STOCK B5628B104 12575 240000 SH SOLE 260439 0 0
D LHS GROUP INC COM COMMON STOCK 501938104 1208 34500 SH SOLE 35000 0 0
D LOEWS CORP COM COMMON STOCK 540424108 8532 142200 SH SOLE 142200 0 0
D LORAL SPACE AND COMMUNICATIONS COMMON STOCK G56462107 1318 190000 SH SOLE 190000 0 0
D LUCENT TECHNOLOGIES INC COM OPTIONS - PUTS 549463107 1778 30000 SH PUT SOLE 30000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 566244109 913 50000 SH PUT SOLE 50000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 566244109 1460 80000 SH PUT SOLE 80000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 566244109 913 50000 SH PUT SOLE 50000 0 0
D MCDERMOTT INTL INC COM COMMON STOCK 580037109 12576 1427100 SH SOLE 1427100 0 0
D MICROSTRATEGY INC COM STK COMMON STOCK 594972101 1050 35000 SH SOLE 35000 0 0
D MISSISSIPPI CHEMICAL CORP COMMON STOCK 605288208 4499 947100 SH SOLE 947100 0 0
D MORGAN STANLEY DEAN WITTER OPTIONS - PUTS 617446448 3330 40000 SH PUT SOLE 40000 0 0
D MP3.COM INC USD COM COMMON STOCK 62473M109 1668 123000 SH SOLE 123000 0 0
D OAKWOOD HOMES CORP COM COMMON STOCK 674098108 2617 1443700 SH SOLE 1443700 0 0
D ORGANOGENESIS INC COM COMMON STOCK 685906109 1087 95000 SH SOLE 95000 0 0
D ORTHODONTIC CENTERS OF AMERICA OPTIONS - PUTS 68750P103 226 10000 SH PUT SOLE 10000 0 0
D PACIFIC GATEWAY EXCHANGE INC COMMON STOCK 694327107 801 235083 SH SOLE 235083 0 0
D PACIFIC GATEWAY EXCHANGE INC OPTIONS - PUTS 694327107 341 100000 SH PUT SOLE 100000 0 0
D PACIFICARE HEALTH SYSTEMS INC OPTIONS - PUTS 695112102 903 15000 SH PUT SOLE 15000 0 0
D PACIFICARE HEALTH SYSTEMS INC OPTIONS - PUTS 695112102 6470 107500 SH PUT SOLE 107500 0 0
D PACIFICARE HEALTH SYSTEMS INC OPTIONS - PUTS 695112102 3009 50000 SH PUT SOLE 50000 0 0
D PACIFICARE HEALTH SYSTEMS INC OPTIONS - PUTS 695112102 421 7000 SH PUT SOLE 7000 0 0
D PACKAGED ICE INC COM COMMON STOCK 695148106 988 236000 SH SOLE 236000 0 0
D PARAMETRIC TECHNOLOGY CORP COMMON STOCK 699173100 9173 833900 SH SOLE 833900 0 0
D PAYLESS SHOESOURCE COM COMMON STOCK 704379106 18025 351700 SH SOLE 351700 0 0
D PENN VA CORP COM COMMON STOCK 707882106 470 19100 SH SOLE 19100 0 0
D PERKINELMER INC COM STK COMMON STOCK 714046109 28698 434000 SH SOLE 434000 0 0
D PHELPS DODGE CORP COM COMMON STOCK 717265102 2428 65278 SH SOLE 65278 0 0
D PHILIP MORRIS CO INC COMMON STOCK 718154107 9138 344000 SH SOLE 344000 0 0
D POTASH CORP OF SASKA TCHEWAN I COMMON STOCK 73755L107 32892 596000 SH SOLE 596000 0 0
D PRICELINE.COM INC COM OPTIONS - PUTS 741503106 760 20000 SH PUT SOLE 20000 0 0
D PURCHASEPRO.COM COM STK COMMON STOCK 746144104 4100 100000 SH SOLE 100000 0 0
D RITE AID CORPORATION COM OPTIONS - PUTS 767754104 699 106500 SH PUT SOLE 106500 0 0
D SANCHEZ COMPUTER ASSOCIATES COMMON STOCK 799702105 2375 100000 SH SOLE 100000 0 0
D SEQUENOM INC COMMON STOCK 817337108 2269 50000 SH SOLE 50000 0 0
D SOURCE INFORMATION MGMT CO COM COMMON STOCK 836151209 4630 303600 SH SOLE 303600 0 0
D STAMPS.COM INC COM COMMON STOCK 852857101 658 90000 SH SOLE 90000 0 0
D STEIN MART INC COM COMMON STOCK 858375108 3314 323334 SH SOLE 323334 0 0
D STURM RUGER & CO INC COMMON STOCK 864159108 1805 203400 SH SOLE 203400 0 0
D TB WOODS CORP COM COMMON STOCK 872226105 796 76700 SH SOLE 76700 0 0
D TERRA INDS COM COMMON STOCK 880915103 2105 1981000 SH SOLE 1981000 0 0
D TERRA NETWORKS SA SPONS ADR ADRS STOCKS 88100W103 1459 40000 SH SOLE 40000 0 0
D TOYS R US COMMON STOCK 892335100 3588 246400 SH SOLE 246400 0 0
D UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 9408 159800 SH SOLE 159800 0 0
D US AIRWAYS GROUP INC COM COMMON STOCK 911905107 47844 1226779 SH SOLE 1226779 0 0
D US AIRWAYS GROUP INC COM OPTIONS - CALLS 911905107 5850 150000 SH CALL SOLE 150000 0 0
D US AIRWAYS GROUP INC COM OPTIONS - CALLS 911905107 9750 250000 SH CALL SOLE 250000 0 0
D USG CORP COM NEW COMMON STOCK 903293405 2489 81957 SH SOLE 81957 0 0
D VENTRO CORPORATION COM STK COMMON STOCK 922815105 2743 145300 SH SOLE 145300 0 0
D VIVUS INC COM COMMON STOCK 928551100 971 140000 SH SOLE 140000 0 0
D WALGREEN CO COM COMMON STOCK 931422109 4307 133800 SH SOLE 133800 0 0
D WEBVAN GROUP COM STK COMMON STOCK 94845V103 109 15000 SH SOLE 15000 0 0
D WELLS FARGO COMPANY COMMON STOCK 949746101 2577 66500 SH SOLE 66500 0 0
D XCELERA.COM INC COM STK COMMON STOCK G31611109 13641 401200 SH SOLE 401200 0 0
D XCELERA.COM INC COM STK OPTIONS - PUTS G31611109 816 24000 SH PUT SOLE 24000 0 0
D XEIKON SPONSORED ADR ADRS STOCKS 984003103 3295 214300 SH SOLE 214300 0 0
D XTRA CORP COMMON STOCK 984138107 611 15500 SH SOLE 15500 0 0
S REPORT SUMMARY 111 DATA RECORDS 544,013 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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