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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
If amended report check here: |_| Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding
entries.
Palisade Capital Management, L.L.C.
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
One Bridge Plaza, Suite 695 Fort Lee NJ 07024
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
13F File Number: 28-5320
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, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Steven Berman Member (201) 585-7733
- --------------------------------------------------------------------------------
Name (Title) (Phone)
/s/ STEVEN BERMAN
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
Fort Lee, NJ 07024 August 4, 1999
------------------------------------------
(Place and Date of Signing)
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 238
Form 13F Information Table Value Total: $2,230,337
(thousands)
List of Other Included Managers:
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
13F File No.: Name: 13F File No.: Name:
------------- --------------------- ------------- ---------------------
1. NONE 6.
------------- --------------------- ------------- ---------------------
2. 7.
------------- --------------------- ------------- ---------------------
3. 8.
------------- --------------------- ------------- ---------------------
4. 9.
------------- --------------------- ------------- ---------------------
5. 10.
------------- --------------------- ------------- ---------------------
<PAGE>
FORM 13F
INFORMATION TABLE
PAGE 1
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Investment Discretion Voting Authority
Title of
Security Class CUSIP Market Value Quantity Sole Managers Sole
- ------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK:
<S> <C> <C> <C> <C> <C> <C> <C>
Thermo Information Solutions Inc.(Pvt) COM 999999999 999,000 111,000 x 1 111,000
Trex Communications Corporation (Pvt) COM 999999999 1,000,000 250,000 x 1 250,000
24/7 Media Inc. COM 901314104 9,933,000 258,000 x 1 258,000
AAR Corp COM 000361105 18,449,475 813,200 x 1 813,200
ABM Industries Inc COM 000957100 49,270,070 1,605,542 x 1 1,605,542
AMR Corp COM 001765106 429,975 6,300 x 1 6,300
ASM Pacific Technology Ltd Shs COM G0535Q109 66,900 100,000 x 1 100,000
AT & T COM 001957109 4,036,137 72,316 x 1 72,316
Abbott Labs COM 002824100 408,375 9,000 x 1 9,000
Adaptec Inc. COM 00651F108 5,468,423 154,858 x 1 154,858
Adelphia Communications Corp CL A COM 006848105 12,498,495 196,440 x 1 196,440
Advanced Communication Systems COM 00750X109 6,437,231 470,300 x 1 470,300
Affiliated Computer Services Cl A COM 008190100 17,161,521 338,993 x 1 338,993
Alberto - Culver Company CL A COM 013068200 15,381,275 676,100 x 1 676,100
Alcatel Sponsored ADR COM 013904305 5,115,757 180,291 x 1 180,291
America Online Inc. COM 02364J104 12,574,540 114,314 x 1 114,314
American General COM 026351106 7,317,028 97,075 x 1 97,075
American International Group Inc. COM 026874107 304,850 2,600 x 1 2,600
Americredit Corp COM 03060R101 33,756,800 2,109,800 x 1 2,109,800
Amgen COM 031162100 206,975 3,400 x 1 3,400
Amkor Technology Inc. COM 031652100 6,453,697 629,629 x 1 629,629
Apache Corp COM 037411105 5,434,611 139,349 x 1 139,349
Apple Computer Inc COM 037833100 331,134 7,150 x 1 7,150
Applebees International Inc. COM 037899101 43,500,500 1,444,000 x 1 1,444,000
Applied Materials Inc COM 038222105 5,333,775 72,200 x 1 72,200
Arrow Electronics Inc COM 042735100 190,000 10,000 x 1 10,000
Associates First Capital Corp Cl A COM 046008108 300,050 6,800 x 1 6,800
Aviation Sales Company COM 053672101 15,314,150 387,700 x 1 387,700
Avista Corp COM 05379B107 373,750 23,000 x 1 23,000
Baldor Electric Co. COM 057741100 16,353,766 822,831 x 1 822,831
Ball Corp. COM 058498106 12,121,525 286,900 x 1 286,900
Bank One Corporation COM 06423a103 838,580 14,079 x 1 14,079
Bank of America Corp COM 060505104 1,124,321 15,336 x 1 15,336
BankAtlantic Bancorp Inc. CL A COM 065908501 484,641 66,847 x 1 66,847
Barpoint.Com Inc. COM 068296102 31,875 10,000 x 1 10,000
Barra Inc. COM 068313105 13,799,125 546,500 x 1 546,500
Bestfoods COM 08658U101 396,000 8,000 x 1 8,000
Bradley Real Estate, Inc. COM 104580105 460,650 22,200 x 1 22,200
Brinker Intl Inc COM 109641100 14,531,000 528,400 x 1 528,400
Bristol Myers Squibb Co. COM 110122108 209,059 2,968 x 1 2,968
Buffets Inc. COM 119882108 4,283,750 372,500 x 1 372,500
CNF Transportation Inc. COM 12612W104 12,808,950 332,700 x 1 332,700
CNY Financial Corp. COM 12613U107 122,400 10,200 x 1 10,200
Campbell Soup Co COM 134429109 278,250 6,000 x 1 6,000
Carnival Corp - Class A COM 143658102 291,000 6,000 x 1 6,000
Carriage Services Inc. COM 143905107 6,857,845 366,975 x 1 366,975
Cash America International Inc,. COM 14754D100 5,173,175 401,800 x 1 401,800
Chancellor Media Corp COM 158915108 18,605,459 337,514 x 1 337,514
Chase Manhattan Corp COM 16161A108 1,569,975 18,150 x 1 18,150
Chattem Inc. COM 162456107 25,380,013 797,800 x 1 797,800
Chevron Corp COM 166751107 10,419,611 109,608 x 1 109,608
Choicepoint Inc. COM 170388102 1,382,775 20,600 x 1 20,600
Cisco Systems Inc COM 17275R102 492,947 7,650 x 1 7,650
Citigroup Inc. COM 172967101 19,888,298 418,701 x 1 418,701
Citizens Utilities Co - CL B COM 177342201 556,250 50,000 x 1 50,000
Citrix Systems Inc. COM 177376100 15,789,829 279,466 x 1 279,466
Claires Stores Inc COM 179584107 22,916,213 889,950 x 1 889,950
Colonial Gas Company COM 195674106 7,499,900 202,700 x 1 202,700
Columbia / HCA HealthCare Corp COM 197677107 518,984 22,750 x 1 22,750
Comcast Corp -Special CL A COM 200300200 3,164,483 82,328 x 1 82,328
Comdisco Inc COM 200336105 31,628,938 1,234,300 x 1 1,234,300
Commerce Bancorp Inc.- NJ COM 200519106 24,285,815 568,089 x 1 568,089
Conexant Systems Inc. COM 207142100 10,845,843 186,796 x 1 186,796
Copart Inc. COM 217204106 1,833,875 86,300 x 1 86,300
Corporate Express Inc. COM 219888104 27,243,300 3,891,900 x 1 3,891,900
Costco Companies Inc. COM 22160Q102 12,045,163 150,447 x 1 150,447
Credence Systems Corp COM 225302108 5,690,854 153,289 x 1 153,289
Cypress Semiconductor Corp COM 232806109 5,255,286 306,878 x 1 306,878
DPL Inc COM 233293109 188,700 10,200 x 1 10,200
DRS Technologies Inc.(Prospectus) COM 23330X100 10,765,389 1,025,275 x 1 1,025,275
DVI Inc. COM 233343102 3,757,225 219,400 x 1 219,400
Dain Rauscher Corp. COM 233856103 26,537,488 490,300 x 1 490,300
Dan River Inc. COM 235774106 93,663 12,700 x 1 12,700
Diamond Offshore Drilling COM 25271C102 3,802,222 133,999 x 1 133,999
Disney (Walt ) Company COM 254687106 1,607,334 52,165 x 1 52,165
Dollar Tree Stores Inc COM 256747106 37,901,600 861,400 x 1 861,400
Dominion Res Inc V.A. COM 257470104 200,320 4,625 x 1 4,625
Duff & Phelps Credit Rating Co. COM 26432F109 20,523,938 306,900 x 1 306,900
E M C Corp Mass COM 268648102 9,492,835 172,597 x 1 172,597
Eastern Enterprises Hldgs Co COM 27637F100 32,324,700 813,200 x 1 813,200
Eli Lilly & Company COM 532457108 1,135,256 15,850 x 1 15,850
Entertainment Properties TR COM 29380T105 5,375,625 305,000 x 1 305,000
Equity Residential Properties Tr COM 29476L107 7,186,748 159,484 x 1 159,484
Ericsson L.M. Tel Co CL B Ser 10 ADR COM 294821400 273,381 8,300 x 1 8,300
Etec Systems Inc. COM 26922c103 7,980,000 240,000 x 1 240,000
Exxon Corp COM 302290101 220,578 2,860 x 1 2,860
Fleet Financial Group COM 338915101 4,064,750 91,600 x 1 91,600
Freddie Mac COM 313400301 224,750 3,875 x 1 3,875
Fresh Del Monte Produce Inc. COM G36738105 28,784,631 2,037,850 x 1 2,037,850
Frontier Corp COM 35906P105 205,188 3,500 x 1 3,500
Furniture Brands Intl Inc. COM 360921100 20,259,550 726,800 x 1 726,800
GTE Corp. COM 362320103 275,575 3,650 x 1 3,650
Gaylord Entertainment Co New COM 367905106 13,876,380 462,546 x 1 462,546
General Electric Co. COM 369604103 1,881,450 16,650 x 1 16,650
General Housewares Corp COM 370073108 421,794 21,700 x 1 21,700
Georgia Pacific Corp COM 373298108 350,575 7,400 x 1 7,400
Global Telesystems Group Inc. COM 37936U104 42,845,598 528,958 x 1 528,958
Hamilton Bancorp Inc. COM 407013101 3,165,600 131,900 x 1 131,900
Handleman Co Dell Com COM 410252100 14,555,363 1,232,200 x 1 1,232,200
Harcourt General Inc COM 41163G101 2,459,531 47,700 x 1 47,700
Harrahs Entertainment COM 413619107 405,950 18,400 x 1 18,400
Haverty Furniture Cos Inc COM 419596101 16,588,650 470,600 x 1 470,600
Heico Corporation Class A ( New ) COM 422806208 15,478,775 638,300 x 1 638,300
Hewlett-Packard Co COM 428236103 5,869,100 58,399 x 1 58,399
Hilton Hotels Corp COM 432848109 10,753,245 757,938 x 1 757,938
Holt's Cigar Holding Inc. COM 436598106 2,148,191 491,015 x 1 491,015
Home Depot Inc COM 437076102 22,168,175 344,026 x 1 344,026
Home Properties Of New York COM 437306103 14,035,608 508,076 x 1 508,076
Host Marriot Corp COM 441078102 8,140,954 685,554 x 1 685,554
Hussmann International Inc. COM 448110106 17,340,109 1,046,950 x 1 1,046,950
ICG Communications Inc. COM 449246107 17,135,910 801,680 x 1 801,680
ITC Deltacom Inc. COM 45031T104 35,099,540 1,253,555 x 1 1,253,555
ITT Educational Services Inc. COM 45068b109 8,410,369 322,700 x 1 322,700
Indymac Mtg Hldgs Inc. COM 456607100 7,040,000 440,000 x 1 440,000
Intel Corp COM 458140100 285,600 4,800 x 1 4,800
Intermedia Communications Inc. COM 458801107 46,014,480 1,533,816 x 1 1,533,816
International Multifoods Corp. COM 460043102 236,906 10,500 x 1 10,500
International Paper Co. COM 460146103 20,290,196 403,785 x 1 403,785
Interpublic Group of Companies COM 460690100 15,259,860 176,160 x 1 176,160
Interstate Bakeries Corp COM 46072H108 7,732,007 344,602 x 1 344,602
Intertan Inc. COM 461120107 42,222,000 2,111,100 x 1 2,111,100
Intl Business Machines Corp COM 459200101 5,108,994 39,528 x 1 39,528
Investment Technology Group COM 46145f105 24,511,375 763,000 x 1 763,000
Iron Mountain Inc. COM 46284P104 23,840,331 832,850 x 1 832,850
J. Jill Group Inc. COM 466189107 11,205,675 766,200 x 1 766,200
JDN Realty Corp COM 465917102 795,431 35,550 x 1 35,550
Jefferies Group Inc. ( New ) COM 472319102 15,787,600 544,400 x 1 544,400
Johnson and Johnson COM 478160104 526,750 5,375 x 1 5,375
Jones Intercable Inc. Cl-A COM 480206200 12,823,300 261,700 x 1 261,700
K Mart Corp COM 482584109 7,424,918 449,995 x 1 449,995
Kaydon Corp COM 486587108 22,959,150 682,800 x 1 682,800
Keyspan Corp. COM 49337w100 332,325 12,600 x 1 12,600
Korn/Ferry International COM 500643200 13,559,200 797,600 x 1 797,600
Kroll - O'Gara Company COM 501050108 7,556,406 342,500 x 1 342,500
Kronos Inc. COM 501052104 33,582,413 738,075 x 1 738,075
L-3 Communications Corp COM 502424104 25,818,200 534,400 x 1 534,400
LSI Logic Corp COM 502161102 16,182,726 350,845 x 1 350,845
LTC Properties Inc. COM 502175102 167,245 12,865 x 1 12,865
Leasing Solutions Inc. COM 522113109 35,566 47,421 x 1 47,421
Liberty Property Trust. COM 531172104 621,875 25,000 x 1 25,000
Littelfuse Inc. COM 537008104 5,528,600 287,200 x 1 287,200
Loews Corp. COM 540424108 2,231,325 28,200 x 1 28,200
MSC Industrial Direct Co COM 553530106 12,090,900 1,179,600 x 1 1,179,600
Mack - Cali Realty Corp COM 554489104 6,860,391 221,750 x 1 221,750
Magna Intl Inc Class A COM 559222401 11,194,221 197,255 x 1 197,255
Mail Well Inc. COM 560321200 6,900,990 426,316 x 1 426,316
Manitowoc Co Inc. COM 563571108 27,224,249 654,036 x 1 654,036
Mattel Inc COM 577081102 4,613,675 176,600 x 1 176,600
Maximus Inc. COM 577933104 16,657,750 579,400 x 1 579,400
Mediaone Group Inc. COM 58440j104 15,767,351 211,998 x 1 211,998
Merck & Co COM 589331107 572,066 7,770 x 1 7,770
Mercury Interactive Corp. COM 589405109 6,837,988 193,300 x 1 193,300
Metro One Telecommunications Inc. COM 59163f105 137,500 10,000 x 1 10,000
Microsoft Corp COM 594918104 5,055,009 56,050 x 1 56,050
Mid Atlantic Realty Trust COM 595232109 13,554,622 1,218,393 x 1 1,218,393
Mobil Corp COM 607059102 221,990 2,248 x 1 2,248
Monsanto Co COM 611662107 9,682,724 244,745 x 1 244,745
Morgan Stanley Dean Witter Discover Co COM 617446448 227,212 2,214 x 1 2,214
Motorola Inc COM 620076109 4,626,074 48,824 x 1 48,824
NTL Inc. COM 629407107 7,739,207 89,795 x 1 89,795
National Australia Bank Ltd. ADR COM 632525408 6,284,880 74,820 x 1 74,820
National Computer Systems COM 635519101 55,252,125 1,637,100 x 1 1,637,100
National Data Corp COM 635621105 43,679,471 1,021,742 x 1 1,021,742
National Health Investors COM 63633D104 5,851,429 256,501 x 1 256,501
New England Business Service COM 643872104 48,141,844 1,559,250 x 1 1,559,250
New Horizons Worldwide Inc. COM 645526104 17,143,119 868,006 x 1 868,006
News Corp Ltd ADR COM 652487703 8,661,273 245,275 x 1 245,275
Newsedge Corp. COM 65249q106 286,719 36,700 x 1 36,700
Niagara Mohawk Holdings Inc. COM 653520106 401,563 25,000 x 1 25,000
Nichols Research Corp COM 653818104 26,094,884 1,192,909 x 1 1,192,909
Nielsen Media Research COM 653929307 16,573,050 566,600 x 1 566,600
Nordstrom Inc. COM 655664100 224,450 6,700 x 1 6,700
Nova Corporation COM 669784100 43,375,000 1,735,000 x 1 1,735,000
Office Depot Inc COM 676220106 3,097,575 140,400 x 1 140,400
Owens & Minor Inc Hldg Co. COM 690732102 4,439,919 403,629 x 1 403,629
Owens Illinois Inc. COM 690768403 9,617,349 294,221 x 1 294,221
Park Electrochemical Corp COM 700416209 5,012,793 174,358 x 1 174,358
Penn Treaty American Corp COM 707874103 18,157,346 754,591 x 1 754,591
Petsmart Inc COM 716768106 1,435,000 140,000 x 1 140,000
Pfizer Corp. COM 717081103 1,836,650 16,850 x 1 16,850
Philadelphia Suburban Corp COM 718009608 16,746,812 726,149 x 1 726,149
Philip Morris Cos. COM 718154107 703,281 17,500 x 1 17,500
Photronics Inc COM 719405102 3,001,250 122,500 x 1 122,500
Piedmont Natural Gas Co. Inc. COM 720186105 4,369,950 140,400 x 1 140,400
Pier 1 Imports Inc COM 720279108 176,625 15,700 x 1 15,700
Pierce Leahy Corp COM 720722107 32,764,633 1,327,175 x 1 1,327,175
Pillowtex Corp COM 721501104 875,769 53,687 x 1 53,687
Polaroid Corp COM 731095105 433,125 15,750 x 1 15,750
Potomac Electric Power COM 737679100 15,334,877 520,930 x 1 520,930
Protective Life Corp COM 743674103 6,275,040 184,560 x 1 184,560
Psinet Inc. COM 74437C101 5,962,644 136,289 x 1 136,289
Public Service Enterprise Group Inc COM 744573106 474,445 11,625 x 1 11,625
Quantum Corp COM 747906105 3,247,032 134,592 x 1 134,592
Quest Education Corp. COM 74835f102 4,062,338 384,600 x 1 384,600
Regis Corp COM 758932107 15,115,913 787,800 x 1 787,800
Revlon Inc CL A COM 761525500 1,361,250 45,000 x 1 45,000
Rite Aid Corp COM 767754104 5,059,551 205,464 x 1 205,464
Riviana Foods Inc. COM 769536103 909,375 48,500 x 1 48,500
Roche Holding Ltd. Spon ADR COM 771195104 5,255,035 51,123 x 1 51,123
Roslyn Bancorp Inc. COM 778162107 3,270,781 190,300 x 1 190,300
SBC Communications Inc. COM 78387G103 284,200 4,900 x 1 4,900
Schering - Plough Corp COM 806605101 1,069,635 20,374 x 1 20,374
Schlumberger Ltd COM 806857108 264,303 4,150 x 1 4,150
Scott Technologies COM 810022301 18,412,625 956,500 x 1 956,500
Sealed Air Corp COM 81211K100 8,225,242 126,786 x 1 126,786
Sears Roebuck & Co COM 812387108 309,709 6,950 x 1 6,950
Shopko Stores Inc. COM 824911101 38,574,624 1,056,839 x 1 1,056,839
Sizeler Property Invs. COM 830137105 5,671,750 648,200 x 1 648,200
Sli Inc. COM 78442t108 13,837,500 512,500 x 1 512,500
Solectron Corp COM 834182107 9,218,347 138,232 x 1 138,232
Spartech Corp. COM 847220209 1,840,575 58,200 x 1 58,200
Sterling Software COM 859547101 36,541,860 1,382,198 x 1 1,382,198
Summit Properties Inc. COM 866239106 8,212,050 415,800 x 1 415,800
Techne Corp COM 878377100 4,478,688 176,500 x 1 176,500
Telefonos De Mexico COM 879403780 10,216,316 126,420 x 1 126,420
Texas Industries Inc. COM 882491103 7,276,165 187,772 x 1 187,772
Thermo Electron Corp COM 883556102 6,634,408 330,687 x 1 330,687
Thermo Instrument Systems COM 883559106 6,191,632 386,977 x 1 386,977
Time Warner Inc. COM 887315109 18,611,827 256,273 x 1 256,273
Tower Automotive Inc. COM 891707101 6,388,857 251,159 x 1 251,159
Transaction Systems Architects Cl A COM 893416107 13,618,800 349,200 x 1 349,200
Triple P NV COM N88795104 48,750 20,000 x 1 20,000
U S West Inc. New COM 91273H101 2,214,875 37,700 x 1 37,700
U.S. Trust Corp New COM 91288L105 9,888,250 106,900 x 1 106,900
Unifirst Corp COM 904708104 7,645,838 416,100 x 1 416,100
Union Pacific Corp COM 907818108 16,207,551 277,943 x 1 277,943
United Stationers Inc COM 913004107 9,411,600 427,800 x 1 427,800
United Technologies Corp COM 913017109 362,016 5,028 x 1 5,028
UnitedGlobalcom Cl A COM 913247508 6,417,342 94,896 x 1 94,896
Unocal Inc. COM 915289102 14,640,447 369,475 x 1 369,475
Urban Outfitters Inc COM 917047102 8,967,113 356,900 x 1 356,900
Vishay Intertechnology COM 928298108 19,921,125 948,625 x 1 948,625
Vodafone ADR COM 92857T107 531,900 2,700 x 1 2,700
Volt Information Sciences Inc. COM 928703107 20,039,827 876,058 x 1 876,058
Wal-Mart Stores Inc COM 931142103 414,950 8,600 x 1 8,600
Warner Lambert Corp COM 934488107 414,750 6,000 x 1 6,000
Washington Mutual Inc. COM 939322103 871,281 24,500 x 1 24,500
Waste Management Inc. Del (New) COM 94106L109 8,280,403 154,054 x 1 154,054
Watsco Inc. COM 942622200 28,842,467 1,761,372 x 1 1,761,372
Wells Fargo Company COM 949746101 534,375 12,500 x 1 12,500
Wendys Intl Inc COM 950590109 15,355,914 538,804 x 1 538,804
World Color Press Inc. COM 981443104 8,554,370 311,068 x 1 311,068
Xerox Corporation COM 984121103 8,877,330 150,304 x 1 150,304
-------------
Subtotal: 2,456,471,643
WARRANTS:
Warrants Insignia Financial Group Inc. 45767A113 145,000 145,000 x 1 145,000
Wts Allscripts Inc.( 1 pfd = 4.4128 wts) 019998962 0 176,520 x 1 176,520
Wts Littelfuse Inc exp 12/27/01 537008120 243,000 16,000 x 1 16,000
-------------
Subtotal: 388,000
-------------
GRAND TOTAL: 2,456,859,643
-------------
</TABLE>
