UNITES 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: Nicholas Company, Inc.
Address: 700 North Water Street
Suite 1010
Milwaukee, WI 53202
Form 13F File Number: 28-1226
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 therein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, list, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey T. May
Title: Senior Vice President and Treasurer
Phone: 414-272-4650
Signature, Place, and Date of Signing:
/s/ Jeffrey T. May Milwaukee, WI 8/11/1999
[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).)
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FORM 13F
NICHOLAS COMPANY, INC.
Item 4:
Item 2: Fair Item 5: Item 6:
Item 1: Title Item 3: Market Shares Investment Item 8:
Name of of CUSIP Value or Principal Discretion Item 7: Voting Authority
Issuer Class Number (thousands) Amount (a) Sole Managers (a)Sole (b)Shared (c)None
_______________________________________________________________________________ _________________________________________________
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Laboratories COM 002824100 77,790 1,709,660 SH 1,709,660 9,660 1,700,000
ADC Telecommunications, Inc. COM 000886101 123,916 2,719,700 SH 2,719,700 229,700 2,490,000
Albertson's, Inc. COM 013104104 1,810 35,100 SH 35,100 25,100 10,000
AMCORE Financial, Inc. COM 023912108 12 525 SH 525 525 0
American Express Company COM 025816109 68,029 522,800 SH 522,800 22,800 500,000
American General Corporation COM 026351106 2,902 38,500 SH 38,500 29,500 9,000
American Home Products CorporaCOM 026609107 115,713 2,012,400 SH 2,012,400 13,400 1,999,000
American International Group, COM 026874107 200,347 1,711,454 SH 1,711,454 10,204 1,701,250
Analysts International CorporaCOM 032681108 10,780 749,925 SH 749,925 396,075 353,850
Artesyn Technologies, Inc. COM 043127109 55,252 2,490,230 SH 2,490,230 541,830 1,948,400
Asia Satellite TelecommunicatiSPONSORED ADR 04516X106 8,436 365,800 SH 365,800 0 365,800
Assisted Living Concepts, Inc.COM 04543L109 1,465 976,580 SH 976,580 157,580 819,000
Assisted Living Concepts, Inc.SUB DB CV 6%02 04543LAD1 954 1,750,000 PRN 1,750,000 0 1,750,000
Associated Banc-Corp COM 045487105 35,289 850,331 SH 850,331 196,848 653,483
Atlantic Richfield Company COM 048825103 39,450 472,100 SH 472,100 14,100 458,000
AutoZone, Inc. COM 053332102 88,149 2,926,100 SH 2,926,100 341,100 2,585,000
Bando McGlocklin Capital CorpoCOM 060003100 873 72,000 SH 72,000 16,500 55,500
Berkshire Hathaway Inc.-Cl A CL A 084670108 272,775 3,959 SH 3,959 0 3,959
Berkshire Hathaway Inc.-Cl B CL B 084670207 85 38 SH 38 0 38
BioChem Pharma Inc. COM 09058T108 6,375 340,000 SH 340,000 0 340,000
Biogen, Inc. COM 090597105 22,432 348,800 SH 348,800 8,800 340,000
Biomet, Inc. COM 090613100 18,452 464,200 SH 464,200 99,200 365,000
Boron, LePore & Associates, InCOM 10001P102 10,490 1,252,580 SH 1,252,580 170,380 1,082,200
Boston Scientific Corporation COM 101137107 45,484 1,035,200 SH 1,035,200 38,800 996,400
Brady Corporation CL A 104674106 11 325 SH 325 325 0
Brown & Brown, Inc. COM 115236101 21,215 558,283 SH 558,283 298,483 259,800
Burlington Resources Inc. COM 122014103 31,521 728,800 SH 728,800 28,800 700,000
Cardinal Health, Inc. COM 14149Y108 109,769 1,711,794 SH 1,711,794 138,901 1,572,893
CBS Corporation COM 12490K107 15,420 355,000 SH 355,000 0 355,000
Cedar Fair, L.P. DEPOSITRY UNIT 150185106 599 24,000 SH 24,000 24,000 0
Checkfree Holdings CorporationCOM 162816102 7,580 275,000 SH 275,000 0 275,000
Chevron Corporation COM 166751107 29,489 309,800 SH 309,800 9,800 300,000
Chubb Corporation (The) COM 171232101 42 600 SH 600 600 0
Cincinnati Bell Inc. COM 171870108 47,396 1,900,600 SH 1,900,600 140,600 1,760,000
Cincinnati Financial CorporatiCOM 172062101 586 15,657 SH 15,657 15,657 0
Cintas Corporation COM 172908105 93,977 1,398,724 SH 1,398,724 26,724 1,372,000
Citadel Communications CorporaCOM 172853202 543 15,000 SH 15,000 0 15,000
Citigroup Inc. COM 172967101 231,705 4,878,000 SH 4,878,000 0 4,878,000
Clear Channel Communications, COM 184502102 81,151 1,177,165 SH 1,177,165 85,700 1,091,465
Commerce Bancorp, Inc. COM 200519106 2,269 53,085 SH 53,085 8,085 45,000
Community First Bankshares, InCOM 203902101 7,690 322,105 SH 322,105 25,605 296,500
Concentra Managed Care, Inc. COM 20589T103 3,876 261,700 SH 261,700 0 261,700
Concord EFS, Inc. COM 206197105 7,221 170,656 SH 170,656 23,156 147,500
CONMED Corporation COM 207410101 4,525 147,770 SH 147,770 12,770 135,000
Consolidated Stores CorporatioCOM 210149100 20,739 768,100 SH 768,100 28,000 740,100
Correctional Properties Trust COM 22025E104 1,395 88,550 SH 88,550 43,700 44,850
Crescent Real Estate Equities,COM 225756105 43,415 1,828,000 SH 1,828,000 328,000 1,500,000
CVS Corporation COM 126650100 18,035 355,378 SH 355,378 65,430 289,948
C.H. Robinson Worldwide, Inc. COM 12541W100 21,814 593,576 SH 593,576 318,576 275,000
DBT Online, Inc. COM 233044106 12,684 387,310 SH 387,310 11,060 376,250
Dean Foods Company COM 242361103 2,702 65,000 SH 65,000 45,000 20,000
DENTSPLY International Inc. COM 249030107 282 9,753 SH 9,753 9,753 0
Dover Downs Entertainment, IncCOM 260086103 8,148 460,660 SH 460,660 53,980 406,680
Edwards (A.G.), Inc. COM 281760108 13,803 428,000 SH 428,000 0 428,000
Elan Corporation, plc ADR 284131208 52,103 1,877,584 SH 1,877,584 19,584 1,858,000
Eli Lilly and Company COM 532457108 33,306 465,000 SH 465,000 0 465,000
Emeritus Corporation-CVT BD SDCV144A 6.25%06 291005AA4 6,310 10,281,000 PRN 10,281,000 0 10,281,000
Entercom Communications Corp. CL A 293639100 5,674 132,735 SH 132,735 12,735 120,000
Expeditors International of WaCM 302130109 33,000 1,211,000 SH 1,211,000 195,000 1,016,000
Fannie Mae COM 313586109 229,128 3,351,047 SH 3,351,047 51,047 3,300,000
Fastenal Company COM 311900104 137,559 2,623,285 SH 2,623,285 248,785 2,374,500
Fifth Third Bancorp COM 316773100 177,774 2,670,778 SH 2,670,778 134,936 2,535,842
First National Bank of AnchoraCOM 322387101 18,113 17,706 SH 17,706 0 17,706
Firstar Corporation COM 33763V109 84,398 3,014,200 SH 3,014,200 38,000 2,976,200
Firstmerit Corporation COM 337915102 9,392 334,665 SH 334,665 184,665 150,000
Fiserv, Inc. COM 337738108 56,271 1,797,075 SH 1,797,075 351,450 1,445,625
Fleet Financial Group, Inc. COM 338915101 89 2,000 SH 2,000 2,000 0
Foremost Corporation of AmericCOM 345469100 67,921 3,087,331 SH 3,087,331 346,200 2,741,131
Forest Laboratories, Inc. COM 345838106 15,299 330,795 SH 330,795 395 330,400
Franklin Resources, Inc. COM 354613101 59,837 1,472,900 SH 1,472,900 33,000 1,439,900
Freddie Mac COM 313400301 228,264 3,935,592 SH 3,935,592 64,392 3,871,200
G & K Services, Inc. - Cl A CL A 361268105 36,255 692,212 SH 692,212 119,000 573,212
General Cable Corporation COM 369300108 69,116 4,319,760 SH 4,319,760 510,410 3,809,350
General Motors Corporation - CCL H NEW 370442832 252,259 4,484,600 SH 4,484,600 259,500 4,225,100
Genuine Parts Company COM 372460105 1,318 37,650 SH 37,650 22,650 15,000
Glacier Water Trust I PFD A 376398202 5,202 265,000 SH 265,000 0 265,000
Grainger (W.W.), Inc. COM 384802104 807 15,000 SH 15,000 15,000 0
Harley-Davidson, Inc. COM 412822108 24,985 459,500 SH 459,500 0 459,500
HCR Manor Care, Inc. COM 404134108 79,508 3,287,150 SH 3,287,150 282,000 3,005,150
Health Management Associates, CL A 421933102 91,946 8,173,013 SH 8,173,013 728,193 7,444,820
Healthcare Realty Trust IncorpCOM 421946104 2,520 120,000 SH 120,000 0 120,000
Hearst-Argyle Television, Inc.COM 422317107 18,524 771,819 SH 771,819 0 771,819
Heartland Express, Inc. COM 422347104 85,313 5,209,965 SH 5,209,965 541,296 4,668,669
Home Depot, Inc. (The) COM 437076102 76,399 1,185,632 SH 1,185,632 42,432 1,143,200
Homestead Savings - CNV PFD PFD A CV $2.95 437843204 5 5,000 SH 5,000 0 5,000
Horace Mann Educators CorporatCOM 440327104 272 10,000 SH 10,000 0 10,000
Household International, Inc. COM 441815107 1,412 29,800 SH 29,800 13,800 16,000
Intel Corporation COM 458140100 20,855 350,500 SH 350,500 0 350,500
Interim Services Inc. COM 45868P100 63,991 3,102,612 SH 3,102,612 419,390 2,683,222
International Speedway CorporaCL B 460335300 10,527 219,310 SH 219,310 0 219,310
International Speedway CorporaCL A 460335201 25,034 527,035 SH 527,035 18,035 509,000
InvestorsBancorp COM 461833105 30 3,935 SH 3,935 3,935 0
J. C. Penny Company, Inc. COM 708160106 486 10,000 SH 10,000 0 10,000
Keane, Inc. COM 486665102 17,127 757,000 SH 757,000 212,000 545,000
Knight Transportation, Inc. COM 499064103 17,394 813,742 SH 813,742 352,492 461,250
Kohl's Corporation COM 500255104 98,933 1,281,720 SH 1,281,720 17,020 1,264,700
Landauer, Inc. COM 51476K103 1,180 40,000 SH 40,000 10,000 30,000
LaSalle Re Holdings Limited ORD G5383Q101 272 16,000 SH 16,000 0 16,000
Leggett & Platt, Incorporated COM 524660107 44,292 1,592,512 SH 1,592,512 82,512 1,510,000
Loral Space & Communications LCOM G56462107 40,804 2,266,900 SH 2,266,900 72,000 2,194,900
Marsh & McLennan Companies, InCOM 571748102 1,057 14,000 SH 14,000 6,000 8,000
Marshall & Ilsley Corporation COM 571834100 263,172 4,088,113 SH 4,088,113 121,350 3,966,763
McDonald's Corporation COM 580135101 66,860 1,618,388 SH 1,618,388 18,388 1,600,000
Medallion Financial Corp. COM 583928106 4,766 250,000 SH 250,000 0 250,000
Medtronic, Inc. COM 585055106 76,673 984,565 SH 984,565 22,167 962,398
Mercury General Corporation COM 589400100 158,559 4,663,492 SH 4,663,492 166,092 4,497,400
Merrill Lynch & Co., Inc. COM 590188108 63,950 800,000 SH 800,000 0 800,000
Metro Information Services, InCOM 59162P104 1,685 101,360 SH 101,360 6,360 95,000
MGIC Investment Corporation COM 552848103 78 1,600 SH 1,600 1,600 0
Mobil Corporation COM 607059102 41,283 417,000 SH 417,000 0 417,000
Monsanto Company COM 611662107 72,388 1,835,500 SH 1,835,500 35,500 1,800,000
Motorola, Inc. COM 620076109 83,042 876,428 SH 876,428 26,428 850,000
Mutual Risk Management Ltd. COM 628351108 109,247 3,273,322 SH 3,273,322 395,322 2,878,000
National City Bancorporation COM 635312101 5,203 249,249 SH 249,249 27,669 221,580
National Commerce BancorporatiCOM 635449101 11,537 527,400 SH 527,400 242,400 285,000
National Health Investors, IncCOM 63633D104 42,424 1,859,700 SH 1,859,700 55,400 1,804,300
National Health Realty, Inc. COM 635905102 7,897 709,828 SH 709,828 28,000 681,828
National HealthCare CorporatioCOM 6.4E+08 10,144 1,267,940 SH 1,267,940 10,000 1,257,940
Nationwide Financial Services,CL A 638612101 1,688 37,300 SH 37,300 37,300 0
NCS Healthcare, Inc. CL A 628874109 2,670 490,965 SH 490,965 33,465 457,500
Newell Rubbermaid, Inc. COM 651229106 23,173 498,350 SH 498,350 184,500 313,850
Omega Healthcare Investors, InCOM 681936100 4,130 160,000 SH 160,000 0 160,000
Omnicare, Inc. COM 681904108 12,053 954,700 SH 954,700 247,000 707,700
Osteotech, Inc. COM 688582105 4,152 144,432 SH 144,432 19,182 125,250
O'Reilly Automotive, Inc. COM 686091109 28,326 562,295 SH 562,295 109,795 452,500
PanAmSat Corporation COM 697933109 26,205 673,000 SH 673,000 168,000 505,000
Patterson Dental Company COM 703412106 32,236 927,655 SH 927,655 197,505 730,150
Paychex, Inc. COM 704326107 1,913 60,000 SH 60,000 0 60,000
Penske Motorsports, Inc. COM 709598106 11,860 239,000 SH 239,000 0 239,000
PepsiCo, Inc. COM 713448108 453 11,700 SH 11,700 11,700 0
Pfizer Inc. COM 717081103 43,900 400,000 SH 400,000 0 400,000
Pharmacia & Upjohn, Inc. COM 716941109 739 13,000 SH 13,000 0 13,000
Pitney Bowes Inc. COM 724479100 360 5,600 SH 5,600 5,600 0
Plantronics, Inc. COM 727493108 6,708 102,995 SH 102,995 2,995 100,000
Portal Software, Inc. COM 736126103 232 5,000 SH 5,000 0 5,000
Priority Healthcare CorporatioCL B 74264T102 1,725 50,000 SH 50,000 0 50,000
Progressive Corporation (The) COM 743315103 102,008 703,500 SH 703,500 3,500 700,000
Protective Life Corporation COM 743674103 135,862 4,117,040 SH 4,117,040 350,040 3,767,000
Province Healthcare Company COM 743977100 5,211 267,210 SH 267,210 22,210 245,000
PSS World Medical, Inc. COM 69366A100 28,577 2,554,410 SH 2,554,410 441,285 2,113,125
Pulitzer Inc. COM 745769109 22,866 470,866 SH 470,866 0 470,866
PXRE Corporation COM 693674103 272 15,000 SH 15,000 0 15,000
Quintiles Transnational Corp. COM 748767100 10,407 247,775 SH 247,775 0 247,775
Quorum Health Group, Inc. COM 749084109 68,356 5,441,250 SH 5,441,250 275,500 5,165,750
Qwest Communications InternatiCOM 749121109 94,603 2,861,324 SH 2,861,324 174,852 2,686,472
Razorfish, Inc. CL A 755236106 111 3,000 SH 3,000 0 3,000
Reckson Associates Realty CorpPFD CV SER A% 75621K205 468 20,500 SH 20,500 0 20,500
Reckson Associates Realty CorpCOM 75621K106 32,771 1,394,500 SH 1,394,500 194,500 1,200,000
Regions Financial Corporation COM 758940100 8,410 220,944 SH 220,944 220,944 0
RenaissanceRe Holdings Ltd. COM G7496G103 296 8,000 SH 8,000 0 8,000
Renal Care Group, Inc. COM 759930100 9,540 368,690 SH 368,690 42,440 326,250
Republic Services, Inc. CL A 760759100 142,347 5,751,400 SH 5,751,400 496,500 5,254,900
Respironics, Inc. COM 761230101 11,319 748,339 SH 748,339 307,339 441,000
Res-Care, Inc. COM 760943100 9,101 400,038 SH 400,038 34,788 365,250
RPM, Inc. COM 749685103 7,932 559,079 SH 559,079 479,079 80,000
Select Appointments (Holdings)SPONSORED ADR 81617E203 27,096 1,129,000 SH 1,129,000 229,000 900,000
ServiceMaster Company (The) COM 81760N109 46,236 2,465,900 SH 2,465,900 312,100 2,153,800
Sonoco Products Company COM 835495102 671 22,407 SH 22,407 22,407 0
StanCorp Financial Group, Inc.COM 852891100 1,200 40,000 SH 40,000 0 40,000
State Financial Services CorpoCL A 856855101 2,187 143,397 SH 143,397 0 143,397
Stryker Corporation COM 863667101 107,798 1,792,890 SH 1,792,890 92,890 1,700,000
St. Jude Medical, Inc. COM 790849103 90,363 2,536,500 SH 2,536,500 73,000 2,463,500
Sybron International CorporatiCOM 87114F106 125,385 4,549,100 SH 4,549,100 370,400 4,178,700
TESSCO Technologies IncorporatCOM 872386107 9,064 421,560 SH 421,560 184,560 237,000
Thermedics Inc. COM 883901100 13,988 1,502,100 SH 1,502,100 366,000 1,136,100
Thermo BioAnalysis CorporationCOM 88355H108 9,930 571,485 SH 571,485 29,385 542,100
Thermo Electron Corporation COM 883556102 82,138 4,094,125 SH 4,094,125 322,800 3,771,325
Thermo Instrument Systems Inc.COM 883559106 24,325 1,441,500 SH 1,441,500 147,000 1,294,500
Thermo Optek Corporation COM 883582108 4,801 462,761 SH 462,761 67,761 395,000
Thermo Vision Corporation COM 883600108 2,247 408,580 SH 408,580 0 408,580
ThermoQuest Corporation COM 883655102 7,575 569,015 SH 569,015 60,315 508,700
Time Warner Telecom Inc. CL A 887319101 2,175 75,000 SH 75,000 0 75,000
Tootsie Roll Industries, Inc. COM 890516107 38,746 1,003,123 SH 1,003,123 0 1,003,123
Trex Medical Corporation COM 89531R101 1,651 275,100 SH 275,100 0 275,100
Univision Communications Inc. CL A 914906102 8,864 134,300 SH 134,300 0 134,300
USA Networks, Inc. COM 902984103 80,912 2,016,500 SH 2,016,500 84,000 1,932,500
U.S. Bancorp COM 902973106 38,444 1,130,700 SH 1,130,700 0 1,130,700
U.S. Foodservice COM 90331R101 14,970 351,200 SH 351,200 106,200 245,000
Valspar Corporation (The) COM 920355104 85,335 2,245,650 SH 2,245,650 201,850 2,043,800
Ventas, Inc. COM 92276F100 3,743 696,346 SH 696,346 165,000 531,346
Vulcan Materials Company COM 929160109 59,516 1,233,500 SH 1,233,500 13,500 1,220,000
Waddell & Reed Financial, Inc.CL A 930059100 4,058 147,900 SH 147,900 117,900 30,000
Walgreen Co. COM 931422109 73,599 2,505,512 SH 2,505,512 105,512 2,400,000
Walt Disney Company (The) COM 254687106 29,318 951,500 SH 951,500 1,500 950,000
Watson Pharmaceuticals, Inc. COM 942683103 60,332 1,720,693 SH 1,720,693 134,600 1,586,093
Wells Fargo & Company COM 949746101 1,744 40,784 SH 40,784 40,784 0
Xomed Surgical Products, Inc. COM 98412V107 974 20,000 SH 20,000 0 20,000
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GRAND TOTAL 7,320,382
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 188
Form 13F Information Table Value Total (thousands): $7,320,382
List of Other Included Managers: NONE
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.
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