BROOKHAVEN CAPITAL MANAGEMENT CO LTD
13F-HR, 1999-09-29
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                              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



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