UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or 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: Brookhaven Capital Management
Address: 3000 Sand Hill Road #3-105___
Menlo Park, Ca 94025_________
Form 13F File Number: 28-___________
The institutional investment manager filing this report and the person by
whom it is signed hereby represent 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: Kathleen Orteig______________
Title: Operations Manager___________
Phone: 650-854-5544_________________
Signature, Place and Date of Signing:
____Kathleen_Orteig__________ Menlo Park, CA___ ___5/6/99__
[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:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
29-________________ ________________________________________
[Repeat as necessary.]
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: _____0_ ____
Form 13F Information Table Entry Total: _____57____ __
Form 13F Information Table Value Total: $175,260,986.68
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.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
____ 28-___________ ___________________________
[Repeat as necessary.]
<PAGE>
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES
INV. OTHER AUTH
CLASS X1000
DISC MGR
<C> <C>
[DATA]
SOUTHERN PACIFIC FUNDING CORP BOND DDDDD6AA7 $2,520,800.00
15755000 SH Sole 0 15,755,000.00
SOUTHERN PACIFIC FDG CORP BOND FFF576AB5 $2,641,000.00
6950000 SH Sole 0 6,950,000.00
APPLE COMPUTER INC OTC IS 37833100 $323,437.50 9000
SH Sole 0 9,000.00
ALASKA AIR GROUP INC W/RTS TO COMMON 11659109 $1,425,000.00 30000
SH Sole 0 30,000.00
WTS ALZA CORP OTC IS 22615157 $8,252.66 52817
SH Sole 0 52,817.00
APPLIED MAGNETICS CORP COMMON 38213104 $2,587,916.88
618010 SH Sole 0 618,010.00
***ASHANTI GOLDFIELDS LTD-GDR COMMON 43743202 $2,920,190.00
333736 SH Sole 0 333,736.00
BERKLEY PETROEUM CORP OTC IS 08449G106 $169,117.74 24600
SH Sole 0 24,600.00
BETHLEHEM STEEL CORP COMMON 87509105 $1,322,475.00
160300 SH Sole 0 160,300.00
CATERPILLAR INC COMMON 149123101 $2,296,875.00 50000
SH Sole 0 50,000.00
***CAMBIOR INC COMMON 13201L103 $1,406,000.00
351500 SH Sole 0 351,500.00
COEUR D ALENE MINES CORP COMMON 192108108 $1,904,100.00
461600 SH Sole 0 461,600.00
CASH TECHNOLOGIES INC OTC IS 147910103 $311,593.75 29500
SH Sole 0 29,500.00
FAXSAV INC OTC IS 31210L104 $19,158,787.50
2492200 SH Sole 0 2,492,200.00
FUSION MEDICAL TECHNOLOGIES OTC IS 361128101 $335,475.00 63900
SH Sole 0 63,900.00
HECLA MNG CO COMMON 422704106 $675,100.00
251200 SH Sole 0 251,200.00
HOMESTAKE MINING CO COMMON 437614100 $381,225.00 44200
SH Sole 0 44,200.00
REDHOOK ALE BREWERY INC OTC IS 757473103 $2,551,792.88
551739 SH Sole 0 551,739.00
INACOM CORP COMMON 45323G109 $126,325.00 16300
SH Sole 0 16,300.00
INTRENET INC OTC IS 461190100 $14,780,984.63
4077513 SH Sole 0 4,077,513.00
***ISPAT INTERNATIONAL NV-CL A COMMON 464899103 $6,687,800.00
899200 SH Sole 0 899,200.00
***KINROSS GOLD CORP COMMON 496902107 $149,823.13 70505
SH Sole 0 70,505.00
KOMAG INC OTC IS 500453105 $2,534,687.50
578900 SH Sole 0 578,900.00
MICROAGE INC OTC IS 594928103 $6,026,450.00
1121200 SH Sole 0 1,121,200.00
MARINE TRANS CORP OTC IS 567912100 $39,100.00 13600
SH Sole 0 13,600.00
MAXTOR CORP OTC IS 577729205 $11,281,637.50
1597400 SH Sole 0 1,597,400.00
NEW CENTURY FINANCIAL CORP OTC IS 64352D101 $17,667,625.00
1487800 SH Sole 0 1,487,800.00
NIKE INC CL B COMMON 654106103 $2,307,500.00 40000
SH Sole 0 40,000.00
NATIONAL STEEL CORP-CL B COMMON 637844309 $3,700,125.00
448500 SH Sole 0 448,500.00
NUCOR CORP COMMON 670346105 $308,437.50 7000
SH Sole 0 7,000.00
OMI CORP NEW COMMON Y6476W104 $2,746,800.00
1373400 SH Sole 0 1,373,400.00
OVERSEAS SHIPHOLDING GROUP COMMON 690368105 $174,375.00 15000
SH Sole 0 15,000.00
The Pepsi Bottling Group Inc OTC IS 713409100 $216,875.00 10000
SH Sole 0 10,000.00
PYRAMID BREWERIES INC OTC IS 747135101 $1,484,568.75
848325 SH Sole 0 848,325.00
CALL BARRICK GOLD APR 015 AMEX CALL 0679019DC $656,250.00 3000
CALL Sole 0 3,000.00
CALL ADAPTEC INC APR 020 AMEX CALL 00651F9DD $650,000.00 2000
CALL Sole 0 2,000.00
CALL BETH STEEL APR 005 CBOE CALL 0875099DA $993,750.00 3000
CALL Sole 0 3,000.00
CALL MAXTOR CORP APR 7.5**** CALL 5777299DU $3,687.50 59
CALL Sole 0 59.00
CALL MAXTOR CORP MAY 005 **** CALL 5777299EA $256,250.00 1000
CALL Sole 0 1,000.00
QUANTUM CORP OTC IS 747906105 $900,000.00 50000
SH Sole 0 50,000.00
CALL READ RITE CP APR 010 **** CALL 7552469DB $20,500.00 1640
CALL Sole 0 1,640.00
CALL RTI INTL MET JUN 010 **** CALL 74973W9FB $3,281.25 25
CALL Sole 0 25.00
CALL BOSTON BEER JUN 07.5**** CALL 1005579FU $27,500.00 200
CALL Sole 0 200.00
CALL SEAGATE TECH APR 015 AMEX CALL 8118049DC $1,725,750.00 1170
CALL Sole 0 1,170.00
CALL USX-US STEEL APR 22.5AMEX CALL 90337T9DX $360,000.00 2400
CALL Sole 0 2,400.00
READ RITE CORP OTC IS 755246105 $1,252,812.50
190000 SH Sole 0 190,000.00
ROUGE INDUSTRIES INC CL A (DEL) COMMON 779088103 $4,758,250.00
543800 SH Sole 0 543,800.00
RMI TITANIUM CO COMMON 74973W107 $15,295,000.00
1529500 SH Sole 0 1,529,500.00
BOSTON BEER CO INC - CL A COMMON 100557107 $9,541,800.00
1231200 SH Sole 0 1,231,200.00
SED INTERNATIONAL HOLDINGS INC OTC IS 784109100 $2,085,510.63
725395 SH Sole 0 725,395.00
SEAGATE TECHNOLOGY INC COMMON 811804103 $8,366,187.50 45000
SH Sole 0 45,000.00
SOUTHERN PACIFIC FUNDING CORP OTC IS 843576109 $679,104.38
4346268 SH Sole 0 4,346,268.00
SHOWPOWER INC COMMON 825396104 $482,400.00 96480
SH Sole 0 96,480.00
TEEKAY SHIPPING CORP COMMON V89564104 $917,400.00 55600
SH Sole 0 55,600.00
***TVX GOLD INC COMMON 87308K101 $4,797,000.00
3324600 SH Sole 0 3,324,600.00
USX-U S STEEL GROUP COMMON 90337T101 $8,225,000.00
350000 SH Sole 0 350,000.00
EXCEL TECHNOLOGY INC COMMON 30067T103 $91,300.00 8800
SH Sole 0 8,800.00
TOTALS $175,260,986.68
</TABLE>
SM\M-CORP\IA-13/16\1028307.01
