UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 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: Kornitzer Capital Management, Inc.
Address:7715 Shawnee Mission Parkway
Overland Park, KS 66202
13F 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
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing the Report on Behalf of Reporting Manager:
Name: John C. Kornitzer
Title: President
Phone: 913-677-7778
Signature, Place, and Date of Signing:
John C. Kornitzer Overland Park, KS May 12, 1999
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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 246
Form 13F Information Table Value Total: 434,995
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KORNITZER CAPITAL MANAGEMENT, INC
FORM 13F
March 31, 1999
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABORATORIES COM 002824100 1521 32500 SH Sole 32300 200
ACCOM INC. COM 004334108 63 72500 SH Sole 72500
AFFYMETRIX INC COM 00826T108 334 9600 SH Sole 9600
AFLAC INCORPORATED COM 001055102 1426 26200 SH Sole 26200
AHL SERVICES INC COM 001296102 205 10000 SH Sole 10000
ALLIED SIGNAL INC COM 019512102 3523 71615 SH Sole 44800 26815
ALLSTATE CORP COM 020002101 2780 75000 SH Sole 72900 2100
AMERICAN EXPRESS COMPANY COM 025816109 2067 17550 SH Sole 16550 1000
AMERICAN FINANCIAL GROUP COM 025932104 802 22800 SH Sole 22800
AMERICAN HOME PRODS COM 026609107 2794 42820 SH Sole 36700 6120
AMP INC COM 031897101 2284 42700 SH Sole 42700
ANALOG DEVICES COM 032654105 3395 114132 SH Sole 112166 1966
APPLIED MATERIALS COM 038222105 1055 17100 SH Sole 16600 500
APPLIED MICRO CIRCUITS COM 03822W109 2223 52000 SH Sole 50500 1500
ARGOSY GAMING CO COM 040228108 5049 950400 SH Sole 760200 190200
ATLANTIC DATA SERVICES INC COM 048523104 147 36300 SH Sole 36300
ATLANTIC RICHFIELD CO COM 048825103 892 12200 SH Sole 5000 7200
ATMEL CORP COM 049513104 1589 104600 SH Sole 100300 4300
AXYS PHARMACEUTICALS COM 054635107 58 13770 SH Sole 13770
BANK OF AMERICA CORP COM 066050510 282 3994 SH Sole 1000 2994
BARNES & NOBLE INC COM 067774109 1163 36200 SH Sole 34200 2000
BEST FOODS COM 08658U101 1866 39700 SH Sole 37500 2200
BOEING CO. COM 097023105 3175 93384 SH Sole 68540 24844
BOTTOMLINE TECHNOLOGIES INC COM 101388106 217 3400 SH Sole 3400
BP AMOCO, INC COM 055622104 4268 42254 SH Sole 13954 28300
BRISTOL MYERS SQUIBB CO COM 110122108 2799 43644 SH Sole 42800 844
BRUNSWICK CORP COM 117043109 1489 78100 SH Sole 76300 1800
C.I.T. GROUP INC A COM 125577106 770 25200 SH Sole 25200
CALLON PETROLEUM CO COM 13123X102 501 45000 SH Sole 45000
CARNIVAL CORP CLASS A COM 143658102 716 14750 SH Sole 14750
CELL GENESYS INC COM 150921104 53 10800 SH Sole 10800
CHASE MANHATTAN COM 16161A108 212 2600 SH Sole 2600
CHEVRON CORP COM 166751107 2396 27000 SH Sole 4500 22500
CIENA CORPORATION COM 171779101 659 29300 SH Sole 29300
CIGNA CORP COM 125509109 251 3000 SH Sole 3000
CISCO SYS INC COM COM 17275R102 7384 67398 SH Sole 66236 1162
COACHMEN INDUSTRIES INC COM 189873102 1226 59800 SH Sole 59000 800
COASTAL CORP COM 190441105 2650 80300 SH Sole 26400 53900
COCA-COLA COM 191216100 2465 40165 SH Sole 39515 650
COMBICHEM INC COM 20009P103 157 42000 SH Sole 42000
COMPAQ COMPUTER CORP COM 204493100 203 6400 SH Sole 5800 600
COMPUSA INC COM 204932107 1011 144400 SH Sole 136700 7700
CONEXANT SYSTEMS, INC COM 207142100 501 18100 SH Sole 10150 7950
CRITICAL PATH INC. COM 22674V100 231 3000 SH Sole 3000
DAIMLERCHRYSLER COM D1668R123 3960 46142 SH Sole 15539 30603
DALLAS SEMICONDUCTOR COM 235204104 328 8500 SH Sole 8500
DIAL CORP. NEW COM 25247D101 397 11550 SH Sole 11550
DIAMOND OFFSHORE DRILL COM COM 25271C102 316 10000 SH Sole 10000
DIEBOLD INC COM 253651103 2485 103525 SH Sole 101125 2400
DILLARD'S INC CLASS A COMMON COM 254067101 679 26750 SH Sole 26500 250
DISNEY (WALT) CO. COM 254687106 1282 41177 SH Sole 36277 4900
DOW CHEMICAL COM 260543103 242 2600 SH Sole 2600
DRIL-QUIP COM 262037104 686 31100 SH Sole 31100
E I DUPONT DE NEMOURS & CO COM 263534109 285 4901 SH Sole 4001 900
EAGLE GEOPHYSICAL COM 269524104 95 25000 SH Sole 25000
EASTMAN CHEMICAL CO COM 277432100 223 5300 SH Sole 1700 3600
EDUTREK ITERNATIONAL CL A COM 28164K108 639 93000 SH Sole 93000
EL PASO ENERGY CORPORATION COM 283905107 507 15500 SH Sole 2000 13500
ELCOR CORP COM 284443108 3828 108800 SH Sole 108500 300
ENRON CORP COM 293561106 5455 84900 SH Sole 42300 42600
ETEC SYSTEMS COM 26922C103 998 33900 SH Sole 32600 1300
ETHAN ALLEN INTERIORS INC COM 297602104 2637 63450 SH Sole 62050 1400
EVEREST REINSURANCE COM 299808105 593 19000 SH Sole 19000
EXECUTIVE RISK COM 301586103 994 14000 SH Sole 14000
EXPEDITORS INTL WASHINGTON INC COM 302130109 810 15000 SH Sole 14800 200
EXXON MOBILE CORP COM COM 302290101 244 3460 SH Sole 2860 600
FDX CORP COM 31304N107 2223 23900 SH Sole 23200 700
FEDDERS CORP CL A NON-VOTING COM 313135303 935 202265 SH Sole 202265
FIRSTSERVICE CORPORATION COM 33761N109 718 55000 SH Sole 55000
FLASHNET COMMUNICATIONS INC COM 338527104 206 5000 SH Sole 5000
FLEET FINANCIAL GROUP INC COM 338915101 1396 37094 SH Sole 34000 3094
FRONTIER OIL CO COM 35914P105 12307 2461500 SH Sole 1940300 521200
GENE LOGIC, INC COM 368689105 53 10900 SH Sole 10900
GENERAL ELECTRIC COM 369604103 865 7817 SH Sole 1561 6256
GENERAL MOTORS CORPORATION COM 370442105 2641 30351 SH Sole 4300 26051
GIANT INDUSTRIES INC COM 374508109 142 16600 SH Sole 2800 13800
GLOBAL INDUSTRIES COM 379336100 587 58000 SH Sole 58000
GLOBAL MARINE INC NEW COM 379352404 2232 190000 SH Sole 118200 71800
GOLDEN WEST FINANCIAL COM 381317106 688 7200 SH Sole 7200
GOODYEAR TIRE & RUBBER COMPANY COM 382550101 2538 50950 SH Sole 24000 26950
GTE CORP COM 362320103 1580 26122 SH Sole 24538 1584
HALLIBURTON CO. COM 406216101 1494 38800 SH Sole 21300 17500
HARTFORD FINANCIAL SVC GROUP I COM 416515104 318 5602 SH Sole 2600 3002
HEADWAY CORPORATE RESOURCES COM 422101105 70 16000 SH Sole 16000
HELLER FINANCIAL INC COM 423328103 611 26000 SH Sole 26000
HEWLETT PACKARD CO COM 428236103 3106 45800 SH Sole 45000 800
HMT TECHNOLOGY COM 403917107 976 278900 SH Sole 271100 7800
HNC SOFTWARE COM 40425P107 1258 38400 SH Sole 36200 2200
HOLLINGER INTERNATIONAL COM 435569108 1033 76130 SH Sole 76000 130
HUMAN GENOME SCIENCES INC COM 444903108 839 24200 SH Sole 24200
ICO HOLDINGS, INC. COM 449293109 772 633050 SH Sole 633050
INT'L BUSINESS MACHINES COM 459200101 2030 11450 SH Sole 8650 2800
INTEGRATED DEVICE TECHNOLOGY, COM 458118106 666 123100 SH Sole 123100
INTEL CORP COM 458140100 1738 14620 SH Sole 14620
INTERFACE INC. COM 458665106 2439 253400 SH Sole 253400
INTEVAC COM 461148108 1190 207000 SH Sole 203300 3700
INTRAWARE INC. COM 46118M103 200 5000 SH Sole 5000
J P MORGAN & COMPANY INC COM 616880100 247 2000 SH Sole 2000
JOHNSON & JOHNSON COM 478160104 5847 62533 SH Sole 50725 11808
K MART CORP COM 482584109 1387 82500 SH Sole 75800 6700
KANSAS CITY SOUTHERN INDUSTRIE COM 485170104 1250 21924 SH Sole 12950 8974
KENDLE INTERNATIONAL INC COM 48880L107 392 19500 SH Sole 19500
KEY ENERGY SERVICES INC COM 492914106 342 73000 SH Sole 73000
KORN/FERRY INTERNATIONAL COM 500643200 262 20000 SH Sole 20000
LANDMARK BANCSHARES INC. - DO COM 514928100 379 18613 SH Sole 18613
LEAR CORPORATION COM 521865105 1421 33300 SH Sole 33300
LIZ CLAIBORNE INC COM 539320101 641 19650 SH Sole 19650
LOCKHEED MARTIN CORP COM 539830109 3458 91600 SH Sole 49200 42400
LORAL SPACE & COMMUNICATIONS COM G56462107 1119 77500 SH Sole 60800 16700
LUCENT TECHNOLOGIES INC COM 549463107 307 2839 SH Sole 2425 414
MCDERMOTT INTL COM 580037109 6320 249676 SH Sole 152576 97100
MCDONALD'S CORP COM 580135101 4384 96740 SH Sole 96540 200
MCI WORLDCOM INC COM 55268B106 221 2500 SH Sole 2500
MERCK & CO COM 589331107 2810 35074 SH Sole 33700 1374
MERCURY GENERAL CORP. COM 589400100 422 12100 SH Sole 3500 8600
META GROUP COM 591002100 567 36900 SH Sole 36900
MICRON TECHNOLOGY COM 595112103 260 5400 SH Sole 5200 200
MICROSOFT CORP COM 594918104 4753 53030 SH Sole 52630 400
MIDWEST EXPRESS HOLDINGS COM 597911106 778 26500 SH Sole 24400 2100
MIRAGE RESORTS INC COM 60462E104 1009 47500 SH Sole 43400 4100
MOBIL CORP. COM 607059102 2150 24430 SH Sole 21200 3230
MODEM MEDIA POPPE TYSON COM 607533106 214 5000 SH Sole 5000
MOTOROLA INC COM 620076109 2073 28300 SH Sole 25600 2700
MYLAN LABS COM 628530107 411 14977 SH Sole 2903 12074
NABORS INDUSTRIES INC COM 629568106 3448 189600 SH Sole 161500 28100
NATIONAL SEMICONDUCTOR COM 637640103 1984 213000 SH Sole 207600 5400
NOBLE DRILLING CORP COM 655042109 575 33100 SH Sole 26100 7000
NORTHROP GRUMMAN CORP COM 666807102 2407 40200 SH Sole 17400 22800
OCEAN ENERGY INC COM 67481E106 635 93230 SH Sole 66590 26640
ORBITAL SCIENCES CORP COM 685564106 655 23100 SH Sole 23100
PAUL HARRIS STORES COM 703555201 649 88000 SH Sole 88000
PAULA FINANCIAL CA COM 703588103 128 17900 SH Sole 17900
PEPSICO INC. COM 713448108 1431 36505 SH Sole 31465 5040
PLACER DOME INCORPORATED COM 725906101 350 31300 SH Sole 30000 1300
PNC BANK CORP COM 693475105 1072 19300 SH Sole 19300
PRAXAIR INC COM 74005P104 1186 32900 SH Sole 32900
PREMIER PARKS INC COM 740540208 670 18000 SH Sole 18000
PROCTER & GAMBLE CO COM 742718109 1920 19600 SH Sole 18300 1300
QUESTAR CORP COM 748356102 2183 128900 SH Sole 94100 34800
QUINTILES TRANSNATIONAL CORP COM 748767100 1416 37500 SH Sole 36700 800
RACING CHAMPIONS COM 750069106 330 30000 SH Sole 30000
RARITAN BANCORP DEL DO NOT SEL COM 753821107 1237 33424 SH Sole 33424
RAYTHEON CLASS A COM 755111309 1556 26941 SH Sole 11337 15604
REMEC INC COM 759543101 553 26500 SH Sole 26500
REPUBLIC GROUP INC COM 760473108 3000 199200 SH Sole 199200
ROCKWELL INTERNATIONAL CORP NE COM 773903109 2504 59000 SH Sole 43000 16000
ROYAL DUTCH PETROLEUM COMPANY COM 780257804 2058 39580 SH Sole 22700 16880
SABRATEK CORP COM 78571U108 300 20000 SH Sole 20000
SARA LEE COM 803111103 3265 131900 SH Sole 131900
SCHERING-PLOUGH COM 806605101 4665 84440 SH Sole 82800 1640
SCHLUMBERGER LTD COM 806857108 4940 82075 SH Sole 37375 44700
SCIENTIFIC ATLANTA INC COM 808655104 2185 80200 SH Sole 59500 20700
SEAGATE TECHNOLOGY INC COM 811804103 1055 35700 SH Sole 35700
SERVICE CORP INTERNATIONAL COM 817565104 376 26400 SH Sole 25900 500
SERVICEMASTER LTD PARTNERSHIP COM 81760N109 305 15000 SH Sole 15000
SIGMA ALDRICH CORP COM 826552101 1656 56600 SH Sole 54200 2400
SILICON VALLEY GROUP INC COM 827066101 128 10400 SH Sole 9700 700
SONAT, INC. COM 835415100 3326 110875 SH Sole 77575 33300
SOUTHWEST AIRLINES COM 844741108 7479 247233 SH Sole 146175 101058
STAGE STORES COM 85254C107 431 59500 SH Sole 59500
STEEL DYNAMICS COM 858119100 845 51000 SH Sole 51000
STERLING SOFTWARE INC COM 859547101 237 10000 SH Sole 10000
STEWART ENTERPRISES COM 860370105 418 26000 SH Sole 26000
STIRLING COOKE BROWN HOLDINGS COM G84951105 70 10000 SH Sole 10000
STRAYER EDUCATION COM 863236105 444 12000 SH Sole 12000
SUNGARD DATA SYSTEMS INC COM 867363103 1018 25460 SH Sole 25300 160
SUNTRUST BANKS INC COM 867914103 311 5000 SH Sole 5000
SUSQUEHANNA BANCSHARES INC COM 869099101 505 27500 SH Sole 27500
SYLVAN LEARNING SYSTEMS INC COM 871399101 411 15000 SH Sole 15000
SYNOVUS - DO NOT SELL REQUEST COM 87161C105 280 13662 SH Sole 13662
TELEFLEX INC. COM 879369106 1768 51900 SH Sole 51900
TENNECO INC COM 88037E101 528 18900 SH Sole 10800 8100
TEXACO INCORPORATED COM 881694103 3721 65567 SH Sole 40225 25342
TEXAS INDUSTRIES INC COM 882491103 1955 78800 SH Sole 37300 41500
THERMOQUEST CORP COM 883655102 406 33500 SH Sole 33500
TIDEWATER INC COM 886423102 427 16500 SH Sole 16500
TRINITY INDUSTRIES COM 896522109 901 30656 SH Sole 7500 23156
TRITON ENERGY LIMITED CL A COM G90751101 1650 209500 SH Sole 149700 59800
UNION PACIFIC COM 907818108 353 6609 SH Sole 5200 1409
UNION PACIFIC RESOURCES GROUP COM 907834105 628 52854 SH Sole 18000 34854
UNION PLANTERS CORP COM 908068109 1116 25400 SH Sole 25400
UNITED TECHNOLOGIES CORP COM 913017109 2451 18100 SH Sole 3400 14700
USG CORP COM 903293405 388 7548 SH Sole 7500 48
UST CORP COM 902900109 627 28700 SH Sole 28700
VAIL RESORTS INC COM 91879Q109 254 16000 SH Sole 16000
VIAD CORPORATION COM 92552R109 1141 41020 SH Sole 41020
VLSI TECHNOLOGY COM 918270109 603 31100 SH Sole 31100
WARNER LAMBERT CO COM 934488107 256 3860 SH Sole 240 3620
WASHINGTON MUTUAL COM 939322103 793 19400 SH Sole 12900 6500
WESTERN DIGITAL CORP COM 958102105 976 124000 SH Sole 123000 1000
WESTERN GAS RESOURCES COM 958259103 75 10000 SH Sole 1000 9000
WILLIAMS COS. COM 969457100 4143 104887 SH Sole 72923 31964
WRIGLEY WM JR CO COM 982526105 2912 32200 SH Sole 32100 100
BETHLEHEM STEEL CONV PREF $3.5 PFD CV 087509501 2436 44600 SH Sole 44100 500
CYPRUS AMAX MINERALS CO $4.00 PFD CV 232809202 1989 49270 SH Sole 49270
EVI INC CONV PRFD $2.50 PFD CV 268939402 911 30000 SH Sole 30000
FREEPORT-MCMORAN CORP 7% PFD CV 35671D501 792 49900 SH Sole 48400 1500
HOLLINGER INTERNATIONAL CONV P PFD CV 435569207 203 15000 SH Sole 15000
ICO HOLDINGS, INC. $1.6875 SE PFD CV 449293307 15112 1015950 SH Sole 705050 310900
K MART FINANCING 7.75% PFD CV 498778208 2653 43850 SH Sole 43350 500
LOMAK FINANCING TRUST 5.75% PFD CV 541505400 214 14870 SH Sole 14870
LOMAK FINANCING TRUST 5.75% 14 PFD CV 541505202 374 26000 SH Sole 26000
LORAL SPACE & COMMUNICATION 14 PFD CV 543885404 1038 23200 SH Sole 23200
LORAL SPACE & COMMUNICATIONS 6 PFD CV g56462149 313 7000 SH Sole 7000
TESORO PETROLEUM CONV PRFD 7.2 PFD CV 881609408 573 48000 SH Sole 48000
TEXAS INDUSTRIES INC 5.500% PFD CV 873119200 5098 159300 SH Sole 55900 103400
UNION PACIFIC CAP TRUST 6.25% PFD CV 907824403 582 12000 SH Sole 12000
UNOCAL CORP 6.25% CONV PREF PFD CV 91528T207 545 10000 SH Sole 10000
NORTHERN INSTITUTIONAL EQUITY MUT FND 665278487 24510454.058 SH Sole 10454.058
AIR & WATER TECH *6 CONV 009058AA6 10908 13985000 PRN Sole 8292000 5693000
ALLEGHENY BEV CORP (ESC FOR FU CONV 0172668J9 0 10000 PRN Sole 10000
ALLWASTE INC *4 CONV 020047AA4 454 6051000 PRN Sole 5897000 154000
ALZA CORP CONV 022615AD0 1738 1500000 PRN Sole 625000 875000
ARGOSY GAMING *4 CONV 040228AB4 32637 32354000 PRN Sole 15498000 16856000
EDO CORP *0 CONV 281347AB0 1231 1775000 PRN Sole 85000 1690000
EXIDE CORP 144A UNREGISTERED * CONV 302051AF4 2354 4242000 PRN Sole 4242000
HEXCEL CORP CONV 428291AA6 835 1000000 PRN Sole 1000000
HILTON HOTELS CONV 432848AL3 626 665000 PRN Sole 640000 25000
HMT TECHNOLOGY *9 CONV 403917AD9 5315 10764000 PRN Sole 6445000 4319000
HMT TECHNOLOGY 144A *3 CONV 403917AB3 741 1500000 PRN Sole 1500000
INTEGRATED DEVICE TECHNOLOGY * CONV 458118AA4 5502 7763000 PRN Sole 3728000 4035000
INTEVAC *2 CONV 461148AC2 3506 6960000 PRN Sole 5000000 1960000
INTEVAC 144A REGISTERED UPON S CONV 461148AA6 252 500000 PRN Sole 500000
KERR-MCGEE CORP CONV 492386AL1 5219 5265000 PRN Sole 1109000 4156000
KEY ENERGY SERVICES, INC CONV 492914AC0 656 1000000 PRN Sole 500000 500000
KEY ENERGY SERVICES, INC CONV 492914AF3 9814 19530000 PRN Sole 14355000 5175000
KEY ENERGY SERVICES, INC 144A CONV 492914AD8 628 1250000 PRN Sole 1250000
LOMAK PETROLEUM CONV 541509AF2 2659 5426000 PRN Sole 5401000 25000
MICRON TECHNOLOGY CONV 595112AB9 2117 2000000 PRN Sole 2000000
MORAN ENERGY INC *1 CONV 616457AC1 5231 5701000 PRN Sole 1759000 3942000
NABORS INDS INC CONV 629568AA4 1126 1000000 PRN Sole 1000000
NATIONAL SEMICONDUCTOR CONV 637640AB9 206 250000 PRN Sole 250000
NATIONAL SEMICONDUCTOR 144A *1 CONV 637640AA1 1853 2250000 PRN Sole 2200000 50000
OHM CORP SUB DEB CONV *7 CONV 670839AA7 12080 13366000 PRN Sole 3720000 9646000
PARKER DRILLING CO. CONV 701081AD3 60 100000 PRN Sole 100000
ROY WESTON *4 CONV 961137AA4 902 975000 PRN Sole 813000 162000
SABRATEK CORP CONV 78571UAA6 898 1400000 PRN Sole 1300000 100000
SCAN TRON CORP SUB DEB CONV CONV 805894AA3 18 23000 PRN Sole 23000
SIMULA, INC CONV 829206AB7 609 596000 PRN Sole 596000
SOUTHERN MINERALS CONV 843367AA1 57 300000 PRN Sole 300000
SUN CO INC. *2 CONV 866762AG2 444 415000 PRN Sole 415000
SWIFT ENERGY *7 CONV 870738AB7 915 1237000 PRN Sole 777000 460000
TRANS-LUX CORP CONV 893247AD8 1450 1485000 PRN Sole 1485000
UROMED CORP CONV 917274AC6 315 750000 PRN Sole 750000
VLSI TECHNOLOGY *5 CONV 918270AB5 6024 6085000 PRN Sole 1685000 4400000
WESTERN DIGITAL CONV 958102AH8 306 1500000 PRN Sole 1500000
REPORT SUMMARY 246 DATA RECORDS 435246 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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