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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 December 31, 1999
If amended report check here: |_| Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding
entries.
Palisades 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 2/10/00
------------------------------------------
(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: 256
Form 13F Information Table Value Total: $2,031,354
(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
<TABLE>
<CAPTION>
Prepared by Palisade Capital Management, L.L.C.
PALISADE CAPITAL MANAGEMENT, L.L.C.
FORM 13F
December 31,1999
Investment
Discretion Voting Authority
Title of Total Other
Name of Issuer Class CUSIP Market Value Quantity Sole Managers Sole None
- -------------- -------- --------- ------------ --------- ---- -------- --------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK:
ABM Industries Inc COM 000957100 4,270,600 209,600 x N/A 183,850 25,750
AES CORP COM 00130H105 4,324,960 57,859 x N/A 57,859
AMR Corp COM 001765106 824,100 12,300 x N/A 5,000 7,300
ASM Pacific Technology Ltd Shs COM G0535Q109 177,500 100,000 x N/A 100,000
AT & T COM 001957109 4,129,227 81,264 x N/A 81,264
Abbott Labs COM 002824100 326,813 9,000 x N/A 9,000
Adaptec Inc. COM 00651F108 3,835,637 76,905 x N/A 76,905
Adelphia Communications Corp CL A COM 006848105 12,385,406 188,730 x N/A 136,280 52,450
Advanced Energy Industries COM 007973100 12,950,485 262,954 x N/A 245,354 17,600
Advent Software Inc. COM 007974108 6,740,163 104,600 x N/A 92,600 12,000
Affiliated Computer Services Cl A COM 008190100 30,263,170 657,895 x N/A 603,495 54,400
Airgas Inc. COM 009363102 12,209,400 1,285,200 x N/A 1,138,300 146,900
Alcatel Sponsored ADR COM 013904305 4,128,840 91,752 x N/A 91,752
Allscripts Inc ( Rstd ) COM 019886100 11,684,772 265,563 x N/A 265,563
Allstate Corporation COM 020002101 397,031 16,500 x N/A 16,500
America Online Inc. COM 02364J104 13,102,854 172,690 x N/A 162,194 10,496
American General COM 026351106 3,608,236 47,555 x N/A 47,555
American International Group Inc. COM 026874107 300,696 2,781 x N/A 2,781
American Italian Pasta Co CL A COM 027070101 9,987,600 324,800 x N/A 288,400 36,400
American Management Systems Inc. COM 027352103 14,617,613 465,900 x N/A 418,700 47,200
American Tower Corp. Cl A COM 029912201 4,737,096 154,997 x N/A 154,997
Americredit Corp COM 03060R101 27,792,550 1,502,300 x N/A 1,276,900 225,400
Amgen COM 031162100 4,396,575 73,200 x N/A 73,200
Apache Corp COM 037411105 2,773,415 75,084 x N/A 75,084
Applebees International Inc. COM 037899101 34,152,150 1,157,700 x N/A 1,020,400 137,300
Applied Materials Inc COM 038222105 253,375 2,000 x N/A 2,000
Architel Systems Corp COM 039917109 272,500 20,000 x N/A 20,000
Armor Holdings Inc. COM 042260109 328,125 25,000 x N/A 25,000
Arrow Electronics Inc COM 042735100 32,951,975 1,298,600 x N/A 1,165,000 133,600
At Home Corp ser A COM 045919107 5,310,412 123,858 x N/A 123,858
Avista Corp COM 05379B107 168,269 10,900 x N/A 10,900
Aztec Technology Partners Inc COM 05480L101 570,313 125,000 x N/A 125,000
Baldor Electric Co. COM 057741100 16,526,937 911,831 x N/A 760,166 151,665
Ball Corp. COM 058498106 14,820,750 376,400 x N/A 328,400 48,000
Barpoint.Com Inc. COM 068296102 135,000 10,000 x N/A 10,000
Bell Atlantic Corp COM 077853109 2,995,016 48,650 x N/A 48,650
Bestfoods COM 08658U101 420,500 8,000 x N/A 8,000
BioCryst Pharmaceuticals Inc. COM 09058V103 3,540,000 120,000 x N/A 110,000 10,000
Bisys Group Inc. COM 055472104 16,860,600 258,400 x N/A 138,100 120,300
Bristol Myers Squibb Co. COM 110122108 205,272 3,198 x N/A 3,198
Business Objects S.A. Sponsored ADR COM 12328X107 7,643,350 57,200 x N/A 51,700 5,500
CNF Transportation Inc. COM 12612W104 7,784,063 225,625 x N/A 225,625
CNY Financial Corp. COM 12613U107 183,600 10,200 x N/A 10,200
Cable Design Technologies Corp COM 126924109 14,947,700 649,900 x N/A 581,500 68,400
Callaway Golf Company COM 131193104 4,623,513 261,400 x N/A 230,600 30,800
Carnival Corp - Class A COM 143658102 286,875 6,000 x N/A 6,000
Cendant Corp COM 151313103 4,336,727 163,265 x N/A 163,265
Centura Banks Inc. COM 15640T100 5,272,938 119,500 x N/A 105,400 14,100
Chase Manhattan Corp COM 16161A108 1,595,701 20,540 x N/A 20,540
Chattem Inc. COM 162456107 13,597,350 715,650 x N/A 622,850 92,800
Checkfree Holdings Corp COM 162816102 4,768,126 45,628 x N/A 45,628
Chevron Corp COM 166751107 6,953,475 80,271 x N/A 78,871 1,400
Cisco Systems Inc COM 17275R102 910,563 8,500 x N/A 8,500
Citigroup Inc. COM 172967101 11,268,254 202,348 x N/A 157,596 44,752
Citizens Utilities Co - CL B COM 177342201 13,917,030 980,936 x N/A 906,436 74,500
Citrix Systems Inc. COM 177376100 11,898,405 96,735 x N/A 96,735
Claires Stores Inc COM 179584107 9,362,819 418,450 x N/A 364,250 54,200
Clear Channel Communications COM 184502102 9,217,651 103,279 x N/A 103,279
Columbia / HCA HealthCare Corp COM 197677107 1,525,716 52,050 x N/A 30,000 22,050
Comcast Corp -Special CL A COM 200300200 4,198,103 83,028 x N/A 83,028
Comdisco Inc COM 200336105 42,444,513 1,139,450 x N/A 959,450 180,000
Commerce Bancorp Inc.- NJ COM 200519106 18,529,807 458,233 x N/A 394,130 64,103
Commscope Inc. COM 203372107 6,273,996 155,634 x N/A 155,634
Cooper Companies Inc COM 216648402 1,897,875 63,000 x N/A 63,000
Costco Wholesale Corp New COM 22160Q102 4,725,655 51,788 x N/A 51,288 500
Cullen / Frost Bankers COM 229899109 9,643,375 374,500 x N/A 316,900 57,600
Cunningham Graphics Intl Inc. COM 231157108 1,142,875 82,000 x N/A 80,000 2,000
DRS Technologies Inc. COM 23330X100 6,180,444 642,124 x N/A 544,700 97,424
Dain Rauscher Corp. COM 233856103 18,576,750 399,500 x N/A 342,800 56,700
Dan River Inc. COM 235774106 65,088 12,700 x N/A 12,700
Danka Business Systems PLC ADR COM 236277109 13,607,344 1,072,500 x N/A 968,400 104,100
Devon Energy Corp Okla COM 251799102 2,501,952 76,105 x N/A 76,105
Diamond Offshore Drilling COM 25271C102 3,994,305 130,693 x N/A 130,693
Disney (Walt ) Company COM 254687106 1,194,307 40,831 x N/A 40,831
Dollar Tree Stores Inc COM 256747106 23,734,375 490,000 x N/A 415,800 74,200
Doubleclick Inc. COM 258609304 4,223,866 16,691 x N/A 16,691
E M C Corp Mass COM 268648102 10,433,594 95,502 x N/A 94,902 600
E-Town Corp. COM 269242103 790,575 12,700 x N/A 12,700
Eastern Enterprises Hldgs Co COM 27637F100 55,775,489 971,064 x N/A 762,464 208,600
Echostar Communications Corp -CL A COM 278762109 10,728,413 110,035 x N/A 110,035
Electro Scientific Inds Inc. COM 285229100 12,045,000 165,000 x N/A 146,800 18,200
Eli Lilly & Company COM 532457108 1,469,650 22,100 x N/A 22,100
Emmis Broadcasting Corp CL A COM 291525103 39,299,189 315,300 x N/A 295,900 19,400
Equity Residential Properties Tr COM 29476L107 3,858,779 90,396 x N/A 90,396
Ericsson L.M. Tel Co CL B Ser 10 ADR COM 294821400 545,206 8,300 x N/A 8,300
Exxon Mobil Corp. COM 30231G102 469,438 5,827 x N/A 5,827
Fair Issac & Company Inc. COM 303250104 11,702,400 220,800 x N/A 191,300 29,500
Fastenal Company COM 311900104 21,228,475 472,400 x N/A 422,000 50,400
Finlay Enterprises Inc COM 317884203 362,500 25,000 x N/A 25,000
First Industrial Realty Trust COM 32054K103 4,200,681 153,100 x N/A 134,600 18,500
Freddie Mac COM 313400301 200,486 4,260 x N/A 4,260
Fresh Del Monte Produce Inc. COM G36738105 155,700 17,300 x N/A 17,300
GTE Corp. COM 362320103 266,021 3,770 x N/A 3,770
Galileo Technology Ltd. COM M47298100 14,530,488 602,300 x N/A 538,600 63,700
General Electric Co. COM 369604103 665,425 4,300 x N/A 4,300
General Motors Corp Class H COM 370442832 556,800 5,800 x N/A 5,000 800
General Semiconductor COM 370787103 14,996,925 1,057,052 x N/A 988,052 69,000
Georgia Pacific Corp COM 373298108 375,550 7,400 x N/A 7,400
Glenayre Technologies Inc COM 377899109 14,930,238 1,319,800 x N/A 1,184,900 134,900
Global Crossing Ltd. COM G3921A100 9,287,700 185,754 x N/A 131,454 54,300
Global Telesystems Group Inc. COM 37936U104 10,021,587 288,391 x N/A 288,391
GlobalStar Telecommunications Ltd. OR COM G3930H104 5,852,000 133,000 x N/A 50,000 83,000
Graco Inc. COM 384109104 351,575 9,800 x N/A 9,800
Great Plains Software Inc. COM 39119E105 3,991,650 53,400 x N/A 46,800 6,600
Handleman Co Dell Com COM 410252100 27,647,463 2,067,100 x N/A 1,734,800 332,300
Harcourt General Inc COM 41163G101 575,575 14,300 x N/A 14,300
Harrahs Entertainment COM 413619107 457,369 17,300 x N/A 17,300
Health Care Properties COM 421915109 2,502,100 104,800 x N/A 98,300 6,500
Heico Corporation Class A ( New ) COM 422806208 13,558,025 641,800 x N/A 538,600 103,200
Hewlett-Packard Co COM 428236103 4,479,248 39,378 x N/A 39,378
Holt's Cigar Holding Inc. COM 436598106 1,520,449 419,434 x N/A 307,944 111,490
Home Depot Inc COM 437076102 226,875 3,300 x N/A 3,300
Home Properties Of New York COM 437306103 9,928,753 361,868 x N/A 326,060 35,808
Honeywell Inc COM 438506107 253,825 4,400 x N/A 4,400
Human Genome Sciences Inc COM 444903108 9,982,286 65,404 x N/A 62,104 3,300
I2 Technologies Inc. COM 465754109 3,887,520 19,936 x N/A 19,936
ITC Deltacom Inc. COM 45031T104 11,862,175 429,400 x N/A 374,900 54,500
Imperial Bancorp COM 452556103 6,147,050 254,800 x N/A 224,800 30,000
Indymac Mtg Hldgs Inc. COM 456607100 15,422,400 1,209,600 x N/A 1,081,700 127,900
Insight Communications Inc. Cl A COM 45768v108 20,017,613 675,700 x N/A 600,300 75,400
Intel Corp COM 458140100 7,203,414 87,512 x N/A 79,012 8,500
Interim Services Inc. COM 45868P100 21,440,306 866,275 x N/A 771,875 94,400
Intermedia Communications Inc. COM 458801107 14,139,394 364,300 x N/A 322,600 41,700
International Paper Co. COM 460146103 7,174,674 127,126 x N/A 127,126
Internet Capital Group Inc. COM 46059C106 3,945,870 23,211 x N/A 23,211
Internet Commerce Corp CL A COM 46059F109 2,897,738 93,100 x N/A 81,500 11,600
Interpublic Group of Companies COM 460690100 4,649,209 80,593 x N/A 80,593
Intertan Inc. COM 461120107 23,475,925 898,600 x N/A 803,000 95,600
Interworld Corp COM 46114Q108 213,438 2,500 x N/A 2,500
Intl Business Machines Corp COM 459200101 6,141,108 56,928 x N/A 56,928
Investment Technology Group COM 46145f105 22,896,500 796,400 x N/A 695,900 100,500
Iron Mountain Inc. COM 46284P104 28,112,369 715,100 x N/A 570,850 144,250
Jefferies Group Inc. ( New ) COM 472319102 3,570,600 162,300 x N/A 139,000 23,300
Johnson and Johnson COM 478160104 6,104,052 65,459 x N/A 59,645 5,814
Kaydon Corp COM 486587108 9,135,019 340,700 x N/A 303,300 37,400
Kirby Corp COM 497266106 3,706,400 180,800 x N/A 156,300 24,500
Korn/Ferry International COM 500643200 19,264,200 529,600 x N/A 476,000 53,600
Kroll - O'Gara Company COM 501050108 5,397,150 327,100 x N/A 279,700 47,400
Kulicke & Soffa Inds Inc. COM 501242101 24,774,227 582,067 x N/A 543,667 38,400
L-3 Communications Corp COM 502424104 26,885,588 645,900 x N/A 563,400 82,500
LSI Logic Corp COM 502161102 5,009,850 74,220 x N/A 74,220
LTC Properties Inc. COM 502175102 108,548 12,865 x N/A 12,865
Lamar Advertising Co. Cl-A COM 512815101 4,837,127 79,870 x N/A 79,870
Lattice Semiconductor Corp COM 518415104 21,083,065 447,386 x N/A 411,586 35,800
Leap Wireless International Inc. COM 521863100 9,922,400 126,400 x N/A 114,300 12,100
Lennar Corporation COM 526057104 2,701,075 166,220 x N/A 166,220
Level 3 Communications Inc COM 52729N100 6,888,635 84,136 x N/A 82,836 1,300
Liberty Property Trust. COM 531172104 585,338 23,650 x N/A 23,650
MKS Instruments Inc. COM 55306N104 8,157,025 225,800 x N/A 197,200 28,600
Mack - Cali Realty Corp COM 554489104 1,230,150 47,200 x N/A 47,200
Magna Intl Inc Class A COM 559222401 4,289,155 101,219 x N/A 101,219
Mail Well Inc. COM 560321200 4,221,950 312,737 x N/A 312,737
Manitowoc Co Inc. COM 563571108 18,995,324 558,686 x N/A 503,312 55,374
Mastech Corporation COM 57632N105 14,486,175 585,300 x N/A 529,200 56,100
Mediaone Group Inc. COM 58440j104 280,366 3,650 x N/A 3,650
Merck & Co COM 589331107 478,375 7,120 x N/A 7,120
Microcell Telecommunications, Inc. COM 59501T304 17,558,538 534,100 x N/A 481,300 52,800
Microsoft Corp COM 594918104 6,590,538 56,450 x N/A 56,450
Mid Atlantic Realty Trust COM 595232109 11,473,192 1,140,193 x N/A 956,894 183,299
Monsanto Co COM 611662107 6,623,765 186,914 x N/A 169,514 17,400
Morgan Stanley Dean Witter Discover Co COM 617446448 244,674 1,714 x N/A 1,714
Motorola Inc COM 620076109 4,238,297 28,783 x N/A 28,783
N U I Corp COM 629430109 3,563,263 135,100 x N/A 115,800 19,300
NSTAR COM 67019E107 2,916,000 72,000 x N/A 72,000
National Computer Systems COM 635519101 14,406,613 382,900 x N/A 333,300 49,600
National Health Investors COM 63633D104 1,457,616 97,991 x N/A 85,841 12,150
Nationwide Health Pptys COM 638620104 3,933,875 286,100 x N/A 276,000 10,100
Natural Microsystems Corporation COM 638882100 702,188 15,000 x N/A 15,000
Networks Associates Inc. COM 640938106 5,564,317 208,498 x N/A 202,498 6,000
New England Business Service COM 643872104 25,357,547 1,037,649 x N/A 929,249 108,400
New Horizons Worldwide Inc. COM 645526104 1,412,899 118,981 x N/A 104,631 14,350
News Corp Ltd ADR COM 652487703 5,108,632 133,559 x N/A 109,569 23,990
Newsedge Corp. COM 65249q106 335,431 28,700 x N/A 28,700
Nokia Corp - Spon ADR COM 654902204 2,818,172 14,750 x N/A 14,750
Nortel Networks COM 656569100 3,105,750 30,750 x N/A 30,750
Nova Corporation COM 669784100 59,107,094 1,872,700 x N/A 1,577,050 295,650
Oak Industries Inc. New COM 671400505 5,257,326 49,539 x N/A 49,539
Office Depot Inc COM 676220106 378,400 34,400 x N/A 34,400
Open Market Inc. COM 68370M100 7,220,000 160,000 x N/A 143,900 16,100
Oshkosh Truck Corporation COM 688239201 11,821,731 403,300 x N/A 358,800 44,500
Owens Illinois Inc. COM 690768403 3,855,841 153,849 x N/A 153,849
Penn Treaty American Corp COM 707874103 7,957,908 505,264 x N/A 434,724 70,540
Per-Se Technologies Inc. Com New COM 713569309 210,156 25,000 x N/A 25,000
Pfizer Corp. COM 717081103 930,956 28,700 x N/A 28,700
Philadelphia Suburban Corp COM 718009608 12,658,454 611,889 x N/A 498,285 113,604
Photronics Inc COM 719405102 22,130,846 773,130 x N/A 712,130 61,000
Piedmont Natural Gas Co. Inc. COM 720186105 3,627,050 120,400 x N/A 120,400
Pierce Leahy Corp COM 720722107 11,062,269 255,775 x N/A 228,900 26,875
Polaroid Corp COM 731095105 23,594,638 1,254,200 x N/A 1,050,500 203,700
Potomac Electric Power COM 737679100 5,320,101 231,939 x N/A 201,539 30,400
Printronix Inc COM 742578107 370,825 16,300 x N/A 16,300
Protective Life Corp COM 743674103 2,827,272 88,873 x N/A 88,873
Psinet Inc. COM 74437C101 7,559,435 122,420 x N/A 122,420
Public Service Enterprise Group Inc COM 744573106 384,678 11,050 x N/A 11,050
Quintus Corporation COM 748798105 5,275,625 115,000 x N/A 102,300 12,700
Qwest Communications Intl COM 749121109 7,572,601 176,107 x N/A 165,907 10,200
Readers Digest Association Inc CL A COM 755267101 22,516,358 769,790 x N/A 651,990 117,800
Roche Holding Ltd. Spon ADR COM 771195104 2,956,674 24,846 x N/A 24,846
Roslyn Bancorp Inc. COM 778162107 6,086,500 329,000 x N/A 293,600 35,400
S3 Inc. COM 784849101 5,428,594 469,500 x N/A 412,700 56,800
SBC Communications Inc. COM 78387G103 426,758 8,754 x N/A 8,754
STMicroelectronics COM 784213100 5,302,130 35,012 x N/A 35,012
Safeguard Scientifics Inc COM 786449108 7,541,684 46,268 x N/A 46,268
Sandisk Corp. COM 80004C101 6,641,250 69,000 x N/A 61,800 7,200
Schering - Plough Corp COM 806605101 856,102 20,203 x N/A 20,203
Schlumberger Ltd COM 806857108 234,322 4,175 x N/A 4,175
School Specialty Inc COM 807863105 11,162,250 738,000 x N/A 659,900 78,100
Scott Technologies COM 810022301 14,835,750 786,000 x N/A 632,800 153,200
Seagate Technology Inc COM 811804103 3,399,063 73,000 x N/A 73,000
Sealed Air Corp COM 81211K100 7,244,476 139,821 x N/A 132,071 7,750
Sizeler Property Invs. COM 830137105 3,849,625 473,800 x N/A 464,300 9,500
Solectron Corp COM 834182107 5,236,251 55,046 x N/A 55,046
Sprint Corp PCS Ser 1 COM 852061506 8,232,800 80,320 x N/A 80,320
Staten Island Bancorp Inc. COM 857550107 6,100,200 338,900 x N/A 302,500 36,400
Sun Microsystems Inc COM 866810104 216,825 2,800 x N/A 2,800
Syntel Inc. COM 87162H103 4,239,506 261,900 x N/A 230,000 31,900
TMP Worldwide Inc. COM 872941109 5,197,200 36,600 x N/A 20,000 16,600
Telefonos De Mexico COM 879403780 7,779,600 69,152 x N/A 69,152
Telehublink Corporation COM 87942L101 199,875 123,000 x N/A 123,000
Terex Corp COM 880779103 10,350,750 373,000 x N/A 330,700 42,300
Time Warner Inc. COM 887315109 8,066,459 111,550 x N/A 69,600 41,950
Titan Corp COM 888266103 4,201,350 88,800 x N/A 81,000 7,800
Tower Automotive Inc. COM 891707101 1,890,090 122,435 x N/A 122,435
Transaction Systems Architects Cl A COM 893416107 17,729,600 633,200 x N/A 574,100 59,100
Triad Hospital Inc. COM 89579K109 8,078,263 534,100 x N/A 480,800 53,300
Triple P NV COM N88795104 100,000 50,000 x N/A 50,000
True North Communications Inc. COM 897844106 6,050,688 135,400 x N/A 122,400 13,000
U S West Inc. New COM 91273H101 2,773,440 38,520 x N/A 38,520
Ultratech Stepper Inc. COM 904034105 13,235,400 820,800 x N/A 742,600 78,200
Union Pacific Corp COM 907818108 4,365,648 99,929 x N/A 99,929
Unisys Corp COM 909214108 673,881 21,100 x N/A 21,100
United Illuminating Co. COM 910637107 6,581,138 128,100 x N/A 105,800 22,300
United Stationers Inc COM 913004107 30,056,319 1,052,300 x N/A 921,300 131,000
United Technologies Corp COM 913017109 335,270 5,158 x N/A 5,158
UnitedGlobalcom Cl A COM 913247508 5,535,588 78,380 x N/A 78,380
Universal Health Services Inc CL B COM 913903100 6,861,600 190,600 x N/A 171,100 19,500
Unocal Inc. COM 915289102 6,508,977 193,936 x N/A 193,936
Valley National Bancorp COM 919794107 5,093,200 181,900 x N/A 163,900 18,000
Varian Medical Systems COM 92220P105 15,126,863 507,400 x N/A 422,200 85,200
Veeco Instruments Inc. COM 922417100 20,634,950 440,800 x N/A 395,100 45,700
Viacom Inc CL B COM 925524308 4,442,156 73,500 x N/A 73,500
Visual Networks Inc. COM 928444108 9,723,975 122,700 x N/A 109,200 13,500
Vodafone ADR COM 92857T107 8,359,065 168,870 x N/A 93,170 75,700
Volt Information Sciences Inc. COM 928703107 330,669 13,850 x N/A 13,850
Wal-Mart Stores Inc COM 931142103 622,125 9,000 x N/A 9,000
Warner Lambert Corp COM 934488107 491,625 6,000 x N/A 6,000
Washington Gas Light Co. COM 938837101 11,261,250 409,500 x N/A 367,500 42,000
Washington Mutual Inc. COM 939322103 804,713 31,100 x N/A 31,100
Wells Fargo Company COM 949746101 505,469 12,500 x N/A 12,500
Wendys Intl Inc COM 950590109 7,919,843 380,533 x N/A 380,533
Worldwide Entertainment & Sports Corp COM 98157N104 150,000 75,000 x N/A 75,000
Xerox Corporation COM 984121103 210,994 9,300 x N/A 9,300
Xpedior Incorporated COM 98413B100 5,752,875 200,100 x N/A 178,500 21,600
Yahoo Inc. COM 984332106 259,613 600 x N/A 600
Zebra Technologies Corp CL A COM 989207105 12,665,250 216,500 x N/A 194,100 22,400
Ziff-Davis Inc. - ZDNet COM 989511209 6,850,200 326,200 x N/A 295,300 30,900
------------------
Subtotal: 2,031,283,995
WARRANTS:
Warrants Insignia Financial Group Inc. WTS 45767A113 70,440 70,440 x N/A 70,440
------------------
Subtotal: 70,440
------------------
GRAND TOTAL: 2,031,354,435
------------------
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