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: __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___ __7/20/99_
[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: _ 77 __
Form 13F Information Table Value Total: $256,464,037.79
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
____ 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 $2,028,600.00
16905000 Sole 0 16905000
SOUTHERN PACIFIC FDG CORP BOND FFF576AB5 $3,092,750.00
6950000 Sole 0 6950000
APPLE COMPUTER INC OTC IS 37833100 $11,684,643.75
252300 Sole 0 252300
ALASKA AIR GROUP INC W/RTS TO COMMON 11659109 $626,250.00 15000
Sole 0 15000
WTS ALZA CORP OTC IS 22615157 $12,852.30
102817 Sole 0 102817
AMR CORP DEL -W/RTS TO PUR COMMON 1765106 $996,450.00 14600
Sole 0 14600
AMERICA ONLINE INC-DEL COMMON 02364J104 $9,350,000.00 85000
Sole 0 85000
APPLIED MAGNETICS CORP COMMON 38213104 $2,011,281.25
643610 Sole 0 643610
***ASHANTI GOLDFIELDS LTD-GDR COMMON 43743202 $198,412.50 28600
Sole 0 28600
BETHLEHEM STEEL CORP COMMON 87509105 $984,000.00
128000 Sole 0 128000
***CAMBIOR INC COMMON 13201L103 $366,600.00
112800 Sole 0 112800
COEUR D ALENE MINES CORP COMMON 192108108 $462,500.00
100000 Sole 0 100000
CASH TECHNOLOGIES INC OTC IS 147910103 $324,500.00 29500
Sole 0 29500
DELTA AIR LINES INC COMMON 247361108 $3,175,137.50 55100
Sole 0 55100
EGGHEAD INC OTC IS 282330109 $950,937.50 85000
Sole 0 85000
E TRADE GROUP INC OTC IS 269246104 $3,195,000.00 80000
Sole 0 80000
REDHOOK ALE BREWERY INC OTC IS 757473103 $2,558,549.91
665639 Sole 0 665639
DECS TR IV OTC IS 243664208 $735,375.00
111000 Sole 0 111000
IDENTIX INC COMMON 451906101 $2,083,625.00
211000 Sole 0 211000
INTRENET INC OTC IS 461190100 $11,977,694.44
4077513 Sole 0 4077513
IWERKS ENTERTAINMENT INC OTC IS 465916104 $13,812.50 13000
Sole 0 13000
K MART CORP COMMON 482584109 $1,650,000.00
100000 Sole 0 100000
KOMAG INC OTC IS 500453105 $1,047,081.25
316100 Sole 0 316100
LANDAMERICA FINANCIAL GROUP INC COMMON 514936103 $163,875.00 5700
Sole 0 5700
MICROAGE INC OTC IS 594928103 $644,312.50
169000 Sole 0 169000
MARINE TRANS CORP OTC IS 567912100 $48,450.00 13600
Sole 0 13600
MAXTOR CORP OTC IS 577729205 $26,563,867.97
5279775 Sole 0 5279775
NACCO INDUSTRIES INC CLASS A COMMON 629579103 $58,800.00 800
Sole 0 800
NEW CENTURY FINANCIAL CORP OTC IS 64352D101 $40,348,062.50
2226100 Sole 0 2226100
NETWORK PLUS CORP OTC IS 64122D506 $104,375.00 5000
Sole 0 5000
NATIONAL STEEL CORP-CL B COMMON 637844309 $9,140,475.00
1091400 Sole 0 1091400
NETMOVES CORPORATION OTC IS 64116A104 $19,861,105.00
3611110 Sole 0 3611110
NUCOR CORP COMMON 670346105 $2,670,731.25 56300
Sole 0 56300
OMI CORP NEW COMMON Y6476W104 $2,853,262.50
1383400 Sole 0 1383400
OVERSEAS SHIPHOLDING GROUP COMMON 690368105 $123,500.00 9500
Sole 0 9500
PYRAMID BREWERIES INC OTC IS 747135101 $1,675,849.22
851225 Sole 0 851225
CALL APPLE COMPUT JUL 42.5AMEX CALL 0378339GV $1,500,000.00 3000
Sole 0 3000
CALL AMER ONLINE JUL 110 **** CALL 18799W9GB $625,000.00 1000
Sole 0 1000
CALL DELTA AIR JUL 060 CBOE CALL 2473619GL $100,000.00 1000
Sole 0 1000
CALL MAXTOR CORP JUL 005 **** CALL 577729GA $461,900.00 9238
Sole 0 9238
CALL MAXTOR CORP AUG 005 **** CALL 5777299HA $110,687.50 1265
Sole 0 1265
CALL MAXTOR CORP OCT 005 **** CALL 5777299JA $207,812.50 1750
Sole 0 1750
CALL MAXTOR CORP OCT 075 **** CALL 5777299JU $68,281.25 1150
Sole 0 1150
CALL POTOMAC ELEC AUG 025 **** CALL 7376799HE $172,900.00 364
Sole 0 364
CALL E TRADE GRP JUL 040 **** CALL 54799W9GH $300,000.00 1000
Sole 0 1000
CALL ROUGE INDS SEP 010 PSE CALL 7790889IB $1,750.00 20
Sole 0 20
CALL RTI INTL MET JUL 12.5**** CALL 74973W9GV $11,562.50 50
Sole 0 50
CALL RTI INTL MET AUG 010 **** CALL 74973W9HB $233,437.50 450
Sole 0 450
CALL BOSTON BEER SEP 005 **** CALL 1005579IA $77,343.75 250
Sole 0 250
CALL SEAGATE TECH JUL 025 AMEX CALL 8118049GE $193,750.00 1000
Sole 0 1000
CALL SEAGATE TECH JUL 030 AMEX CALL 8118049GF $94,225.00 3769
Sole 0 3769
CALL SEAGATE TECH JUL 27.5AMEX CALL 8118049GY $1,017,187.50 10850
Sole 0 10850
CALL SEAGATE TECH JUL 32.5AMEX CALL 8118049GZ $37,500.00 3000
Sole 0 3000
CALL SAFEWAY INC JUL 050 **** CALL 7865149GJ $79,500.00 530
Sole 0 530
CALL UAL CORP JUL 065 CBOE CALL 9025499GM $150,000.00 750
Sole 0 750
CALL FAXSAV JAN 005 CBOE CALL 31210L0AA $141,328.13 675
Sole 0 675
CALL FAXSAV JUL 005 CBOE CALL 31210L9GA $207,375.00 2765
Sole 0 2765
CALL FAXSAX INC JUL 07.5**** CALL 31210L9GU $125.00 10
Sole 0 10
CALL NETMOVES CORP AUG 05 CBOE CALL 64116A9HA $356,250.00 2850
Sole 0 2850
CALL NETMOVES CORP AUG 7.5CBOE CALL 64116A9HU $34,375.00 1000
Sole 0 1000
CALL FAXSAV OCT 005 CBOE CALL 31210L9JA $207,031.25 250
Sole 0 1250
EVEREST REINSURANCE HOLDINGS IN COMMON 299808105 $1,004,850.00 30800
Sole 0 30800
ROUGE INDUSTRIES INC CL A (DEL) COMMON 779088103 $7,020,975.00
720100 Sole 0 720100
RMI TITANIUM CO COMMON 74973W107 $16,685,000.00
1136000 Sole 0 1136000
BOSTON BEER CO INC - CL A COMMON 100557107 $13,337,793.75
1654300 Sole 0 1654300
SED INTERNATIONAL HOLDINGS INC OTC IS 784109100 $1,722,813.13
725395 Sole 0 725395
SEAGATE TECHNOLOGY INC COMMON 811804103 $18,611,411.88
726299 Sole 0 726299
SOUTHERN PACIFIC FUNDING CORP OTC IS 843576109 $199,947.06
4443268 Sole 0 4443268
SILICON GRAPHICS INC COMMON 827056102 $900,625.00 55000
Sole 0 55000
SHOWPOWER INC COMMON 825396104 $655,200.00
161280 Sole 0 161280
SUNRISE ASSISTED LIVING INC OTC IS 86768K106 $226,687.50 6500
Sole 0 6500
STRIDE RITE CORP COMMON 863314100 $1,071,468.75
103900 Sole 0 103900
SAFEWAY INC COMMON 786514208 $9,796,050.00
197900 Sole 0 197900
TEEKAY SHIPPING CORP COMMON V89564104 $2,671,950.00
151600 Sole 0 151600
TVX GOLD INC COMMON 87308K101 $5,358,100.00
5358100 Sole 0 5358100
UAL CORP NEW COMMON 902549500 $1,615,625.00 25000
Sole 0 25000
USX-U S STEEL GROUP COMMON 90337T101 $5,413,500.00
200500 Sole 0 200500
TOTALS $256,464,037.79
</TABLE>
SM\M-CORP\IA-13/16\1028307.01