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Previous: HLM MANAGEMENT CO INC, 13F-HR, 2000-05-11 |
Next: ORBIS INVESTMENT MANAGEMENT LTD, 13F-NT, 2000-05-11 |
<PAGE> 1
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
PURSUANT TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT
OF 1934 AND RULES THEREUNDER
Securities and Exchange Commission
Washington, D.C. 20549
Report for the Period Ended March 31, 2000
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If amended report check here: [ ]
Name of Institutional Investment Manager:
Westchester Capital Management, Inc. 13F File No.:
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Business Address:
100 Summit Lake Drive Valhalla New York 10595
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Street City State Zip
Name, Phone No. and Title of Person Duly Authorized to Submit This Report:
Frederick W. Green, (914) 741-5600, President
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ATTENTION--Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff (a).
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The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the undersigned institutional investment manager has caused this report to be
signed on its behalf in the City of New York and State of New York as of the
10th day of May, 2000.
Westchester Capital Management, Inc.
----------------------------------------
(Name of Institutional Investment
Manager)
/s/Frederick W. Green
----------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
<PAGE> 2
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.)
13F File Numbers will be assigned to Institutional Investment
Managers after they file their first report.
<TABLE>
<CAPTION>
Name: 13F File No.
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<S> <C>
1.
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2.
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3.
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4.
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</TABLE>
<PAGE> 3
FORM 13F
WESTCHESTER CAPITAL MANAGEMENT, INC.
March 31, 2000
<TABLE>
<CAPTION>
Item 1 Item 2 Item 3 Item 4
Name of Issuer Title of Class CUSIP Fair Market Value
EQUITIES
<S> <C> <C> <C>
COMMON STOCK
CTV, Inc. COMMON STOCK 12650F104 12,762,015
CTV, Inc. COMMON STOCK 12650F104 6,802,170
AEGON N.V. ADR COMMON STOCK 007924103 660,612
AEGON N.V. ordinary COMMON STOCK 5462304 1,588,205
Akamai Technologies,Inc. COMMON STOCK 00971T101 2,656,301
The Allstate Corporation COMMON STOCK 020002101 509,587
America Online, Inc. COMMON STOCK 02364J104 605,250
Atlantic Richfield Company COMMON STOCK 048825103 19,031,500
Atlantic Richfield Company COMMON STOCK 048825103 7,318,500
Aspect Development, Inc. COMMON STOCK 045234101 9,875,125
Aspect Development, Inc. COMMON STOCK 045234101 3,804,562
At Home Corporation COMMON STOCK 045919107 616,030
BB&T Corporation COMMON STOCK 054937107 712,900
BCE, Inc. COMMON STOCK 05534B109 17,059,500
BCE, Inc. COMMON STOCK 05534B109 6,052,359
Boise Cascade Office Products Corp. COMMON STOCK 097403109 2,096,000
Burlington Resources, Inc. COMMON STOCK 122014103 777,000
The Chubb Corporation COMMON STOCK 171232101 333,759
CBS Corp. COMMON STOCK 12490K107 10,373,700
CBS Corp. COMMON STOCK 12490K107 5,876,542
Cadence Design Systems, Inc. COMMON STOCK 127387108 1,464,950
Columbia Energy Group COMMON STOCK 197648108 17,289,150
Columbia Energy Group COMMON STOCK 197648108 5,539,875
Comcast Corporation Special Class A COMMON STOCK 200300200 3,352,020
CMGI, Inc. COMMON STOCK 125750109 2,564,942
Concentric Network Corporation COMMON STOCK 20589R107 24,975,500
Concentric Network Corporation COMMON STOCK 20589R107 8,547,000
Cisco Systems, Inc. COMMON STOCK 17275R102 5,815,446
C-Cube Microsystems, Inc. COMMON STOCK 125015107 11,650,000
C-Cube Microsystems, Inc. COMMON STOCK 125015107 4,204,922
Dominion Resources, Inc. COMMON STOCK 25746U109 924,806
DoubleClick, Inc. COMMON STOCK 258609304 2,614,946
The DII Group, Inc. COMMON STOCK 232949107 33,149,925
The DII Group, Inc. COMMON STOCK 232949107 11,939,400
Dow Chemical Company COMMON STOCK 260543103 746,814
EMC Corporation COMMON STOCK 268648102 1,953,125
IXnet, Inc. COMMON STOCK 46601C109 14,950,662
IXnet, Inc. COMMON STOCK 46601C109 6,885,837
Financial Security Assurance Holdings Ltd COMMON STOCK 31769P100 17,177,031
</TABLE>
<PAGE> 4
<TABLE>
<S> <C> <C> <C>
Financial Security Assurance Holdings Ltd COMMON STOCK 31769P100 5,478,437
First Security Corporation COMMON STOCK 336294103 1,968,000
First Security Corporation COMMON STOCK 336294103 852,000
First Union Corp. COMMON STOCK 337358105 1,111,130
General Dynamics Corporation COMMON STOCK 369550108 1,940,250
General Electric Company COMMON STOCK 369604103 1,227,843
General Motors Corporation COMMON STOCK 370442105 3,867,344
General Motors Corporation COMMON STOCK 370442105 1,565,156
General Motors Corporation - Class H COMMON STOCK 370442832 11,614,231
B.F. Goodrich Company COMMON STOCK 382388106 229,729
Healtheon/WebMD Corporation COMMON STOCK 422209106 1,150,000
Honeywell International Inc. COMMON STOCK 438516106 1,380,412
Hannaford Bros. Co. COMMON STOCK 410550107 34,050,375
Hannaford Bros. Co. COMMON STOCK 410550107 11,092,000
Infinity Broadcasting Corporation COMMON STOCK 45662S102 607,031
Intel Corporation COMMON STOCK 458140100 2,212,592
InterVU Inc. COMMON STOCK 46114R106 7,327,440
InterVU Inc. COMMON STOCK 46114R106 3,875,310
Illinois Tool Works, Inc. COMMON STOCK 452308109 1,884,080
JDS Uniphase Corporation COMMON STOCK 46612J101 4,071,154
Johnson & Johnson COMMON STOCK 478160104 1,343,028
Jostens, Inc. COMMON STOCK 481088102 14,071,687
Jostens, Inc. COMMON STOCK 481088102 5,250,375
Kimberly-Clark Corporation COMMON STOCK 494368103 1,069,600
Interleaf, Inc. COMMON STOCK 458729209 376,000
AT&T - Liberty Media Group COMMON STOCK 001957208 817,650
Mattel, Inc. COMMON STOCK 577081102 112,725
MCN Energy Group, Inc. COMMON STOCK 55267J100 25,025,000
MCN Energy Group, Inc. COMMON STOCK 55267J100 8,230,000
Mirage Resorts, Inc. COMMON STOCK 60462E104 9,435,625
Mirage Resorts, Inc. COMMON STOCK 60462E104 2,751,250
Motorola, Inc. COMMON STOCK 620076109 3,765,819
Newbridge Networks Corporation COMMON STOCK 650901101 23,471,775
Newbridge Networks Corporation COMMON STOCK 650901101 8,352,656
Nortel Networks Corporation COMMON STOCK 656569100 3,701,880
Ortel Corporation COMMON STOCK 68749W102 22,503,731
Ortel Corporation COMMON STOCK 68749W102 7,113,356
PIMCO Advisors Holdings L.P. COMMON STOCK 69338P102 24,332,269
PIMCO Advisors Holdings L.P. COMMON STOCK 69338P102 8,283,162
Placer Dome Inc. COMMON STOCK 725906101 666,859
Qwest Communications Int'l, Inc. COMMON STOCK 749121109 7,799,042
Qwest Communications Int'l, Inc. COMMON STOCK 749121109 8,948,007
Seagate Technology, Inc. COMMON STOCK 811804103 5,934,625
Seagate Technology, Inc. COMMON STOCK 811804103 3,705,375
Shire Pharmaceuticals Group plc ADR COMMON STOCK 82481R106 2,832,024
St. Laurent Paperboard, Inc. COMMON STOCK 790907109 15,723,157
St. Laurent Paperboard, Inc. COMMON STOCK 790907109 4,722,307
Splitrock Services, Inc. COMMON STOCK 848636304 3,024,792
Splitrock Services, Inc. COMMON STOCK 848636304 1,950,016
</TABLE>
<PAGE> 5
<TABLE>
<S> <C> <C> <C>
SUPERVALU, Inc. COMMON STOCK 868536103 552,975
Syratech Corporation COMMON STOCK 871824108 367,770
AT&T Corp. COMMON STOCK 001957109 321,019
Travelers Property Casualty Corp. COMMON STOCK 893939108 18,244,875
Travelers Property Casualty Corp. COMMON STOCK 893939108 6,505,125
Telefonica de Argentina S.A. COMMON STOCK 879378206 16,885,350
Telefonica de Argentina S.A. COMMON STOCK 879378206 5,392,950
TeleCorp PCS, Inc. COMMON STOCK 879299105 1,630,125
Tritel, Inc. COMMON STOCK 89675X104 2,742,525
U.S. Foodservice, Inc. COMMON STOCK 90331R101 27,089,000
U.S. Foodservice, Inc. COMMON STOCK 90331R101 8,337,850
Union Carbide Corporation COMMON STOCK 905581104 25,715,812
Union Carbide Corporation COMMON STOCK 905581104 8,618,587
MediaOne Group, Inc. COMMON STOCK 58440J104 36,498,600
MediaOne Group, Inc. COMMON STOCK 58440J104 11,056,500
U.S. Bancorp COMMON STOCK 902973106 546,875
US WEST, Inc. COMMON STOCK 91273H101 29,834,350
US WEST, Inc. COMMON STOCK 91273H101 10,414,425
U.S. Trust Corporation COMMON STOCK 91288L105 10,470,600
U.S. Trust Corporation COMMON STOCK 91288L105 4,044,600
United Technologies Corporation COMMON STOCK 913017109 705,172
VoiceStream Wireless Corporation COMMON STOCK 928615103 2,731,469
Williams Communications Group, Inc. COMMON STOCK 969455104 1,352,306
Williams Communications Group, Inc. COMMON STOCK 969455104 6,357,394
Wells Fargo Company COMMON STOCK 949746101 1,117,594
Warner-Lambert Company COMMON STOCK 934488107 12,792,000
Warner-Lambert Company COMMON STOCK 934488107 4,504,500
Washington Mutual, Inc. COMMON STOCK 939322103 445,200
Williams Companies, Inc. COMMON STOCK 969457100 18,431,781
Williams Companies, Inc. COMMON STOCK 969457100 7,095,906
WestPoint Stevens Inc. COMMON STOCK 961238102 4,166,700
WestPoint Stevens Inc. COMMON STOCK 961238102 1,322,400
Yahoo! Inc. COMMON STOCK 984332106 6,939,659
Ziff-Davis, Inc. COMMON STOCK 989511100 14,397,594
Ziff-Davis, Inc. COMMON STOCK 989511100 4,749,219
Ziff-Davis, Inc. ZDNet COMMON STOCK 989511209 1,062,500
FIXED INCOME
CORPORATE BONDS
MindSpring Convertible 5.000% due 04-15-06 CORPORATE BONDS 602683AA2 20,489,000
MindSpring Convertible 5.000% due 04-15-06 CORPORATE BONDS 602683AA2 8,385,000
GRAND TOTAL $950,391,581
</TABLE>
<PAGE> 6
<TABLE>
<CAPTION>
Item 5 Item 6 Item 8
Item 1 Shares or Investment Item 7 Voting
Name of Issuer Principal Amount Discretion Managers Authority
EQUITIES
<S> <C> <C> <C> <C>
COMMON STOCK
CTV, Inc. 481,800 (a) Sole (a) Sole
CTV, Inc. 256,800 (b) Shared (a) Sole
AEGON N.V. ADR 8,200 (b) Shared (a) Sole
AEGON N.V. ordinary 19,900 (b) Shared (a) Sole
Akamai Technologies,Inc. 16,518 (a) Sole (a) Sole
The Allstate Corporation 21,400 (b) Shared (a) Sole
America Online, Inc. 9,000 (b) Shared (a) Sole
Atlantic Richfield Company 223,900 (a) Sole (a) Sole
Atlantic Richfield Company 86,100 (b) Shared (a) Sole
Aspect Development, Inc. 153,400 (a) Sole (a) Sole
Aspect Development, Inc. 59,100 (b) Shared (a) Sole
At Home Corporation 18,703 (b) Shared (a) Sole
BB&T Corporation 25,404 (b) Shared (a) Sole
BCE, Inc. 136,000 (a) Sole (a) Sole
BCE, Inc. 48,250 (b) Shared (a) Sole
Boise Cascade Office Products Corp. 128,000 (b) Shared (a) Sole
Burlington Resources, Inc. 21,000 (b) Shared (a) Sole
The Chubb Corporation 4,940 (b) Shared (a) Sole
CBS Corp. 183,200 (a) Sole (a) Sole
CBS Corp. 103,780 (b) Shared (a) Sole
Cadence Design Systems, Inc. 70,600 (b) Shared (a) Sole
Columbia Energy Group 291,800 (a) Sole (a) Sole
Columbia Energy Group 93,500 (b) Shared (a) Sole
Comcast Corporation Special Class A 77,280 (b) Shared (a) Sole
CMGI, Inc. 22,636 (b) Shared (a) Sole
Concentric Network Corporation 454,100 (a) Sole (a) Sole
Concentric Network Corporation 155,400 (b) Shared (a) Sole
Cisco Systems, Inc. 75,220 (b) Shared (a) Sole
C-Cube Microsystems, Inc. 160,000 (a) Sole (a) Sole
C-Cube Microsystems, Inc. 57,750 (b) Shared (a) Sole
Dominion Resources, Inc. 24,060 (b) Shared (a) Sole
DoubleClick, Inc. 27,930 (b) Shared (a) Sole
The DII Group, Inc. 293,200 (a) Sole (a) Sole
The DII Group, Inc. 105,600 (b) Shared (a) Sole
Dow Chemical Company 6,551 (a) Sole (a) Sole
EMC Corporation 15,625 (b) Shared (a) Sole
IXnet, Inc. 325,900 (a) Sole (a) Sole
IXnet, Inc. 150,100 (b) Shared (a) Sole
Financial Security Assurance Holdings Ltd 233,900 (a) Sole (a) Sole
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
Item 5 Item 6 Item 8
Item 1 Shares or Investment Item 7 Voting
Name of Issuer Principal Amount Discretion Managers Authority
EQUITIES
<S> <C> <C> <C> <C>
Financial Security Assurance Holdings Ltd 74,600 (b) Shared (a) Sole
First Security Corporation 164,000 (a) Sole (a) Sole
First Security Corporation 71,000 (b) Shared (a) Sole
First Union Corp. 29,829 (b) Shared (a) Sole
General Dynamics Corporation 39,000 (b) Shared (a) Sole
General Electric Company 7,912 (b) Shared (a) Sole
General Motors Corporation 46,700 (a) Sole (a) Sole
General Motors Corporation 18,900 (b) Shared (a) Sole
General Motors Corporation - Class H 93,287 (a) Sole (a) Sole
B.F. Goodrich Company 8,008 (b) Shared (a) Sole
Healtheon/WebMD Corporation 50,000 (b) Shared (a) Sole
Honeywell International Inc. 26,200 (b) Shared (a) Sole
Hannaford Bros. Co. 461,700 (a) Sole (a) Sole
Hannaford Bros. Co. 150,400 (b) Shared (a) Sole
Infinity Broadcasting Corporation 18,750 (b) Shared (a) Sole
Intel Corporation 16,770 (b) Shared (a) Sole
InterVU Inc. 81,416 (a) Sole (a) Sole
InterVU Inc. 43,059 (b) Shared (a) Sole
Illinois Tool Works, Inc. 34,101 (b) Shared (a) Sole
JDS Uniphase Corporation 33,768 (b) Shared (a) Sole
Johnson & Johnson 19,169 (b) Shared (a) Sole
Jostens, Inc. 577,300 (a) Sole (a) Sole
Jostens, Inc. 215,400 (b) Shared (a) Sole
Kimberly-Clark Corporation 19,100 (b) Shared (a) Sole
Interleaf, Inc. 8,000 (b) Shared (a) Sole
AT&T - Liberty Media Group 13,800 (b) Shared (a) Sole
Mattel, Inc. 10,800 (b) Shared (a) Sole
MCN Energy Group, Inc. 1,001,000 (a) Sole (a) Sole
MCN Energy Group, Inc. 329,200 (b) Shared (a) Sole
Mirage Resorts, Inc. 487,000 (a) Sole (a) Sole
Mirage Resorts, Inc. 142,000 (b) Shared (a) Sole
Motorola, Inc. 26,450 (b) Shared (a) Sole
Newbridge Networks Corporation 723,600 (a) Sole (a) Sole
Newbridge Networks Corporation 257,500 (b) Shared (a) Sole
Nortel Networks Corporation 29,380 (b) Shared (a) Sole
Ortel Corporation 119,900 (a) Sole (a) Sole
Ortel Corporation 37,900 (b) Shared (a) Sole
PIMCO Advisors Holdings L.P. 635,100 (a) Sole (a) Sole
PIMCO Advisors Holdings L.P. 216,200 (b) Shared (a) Sole
Placer Dome Inc. 82,075 (b) Shared (a) Sole
Qwest Communications Int'l, Inc. 160,805 (a) Sole (a) Sole
Qwest Communications Int'l, Inc. 184,495 (b) Shared (a) Sole
Seagate Technology, Inc. 98,500 (a) Sole (a) Sole
Seagate Technology, Inc. 61,500 (b) Shared (a) Sole
Shire Pharmaceuticals Group plc ADR 55,259 (b) Shared (a) Sole
St. Laurent Paperboard, Inc. 821,400 (a) Sole (a) Sole
St. Laurent Paperboard, Inc. 246,700 (b) Shared (a) Sole
Splitrock Services, Inc. 66,700 (a) Sole (a) Sole
Splitrock Services, Inc. 43,000 (b) Shared (a) Sole
</TABLE>
<PAGE> 8
<TABLE>
<S> <C> <C> <C> <C>
SUPERVALU, Inc. 29,200 (b) Shared (a) Sole
Syratech Corporation 73,554 (a) Sole (a) Sole
AT&T Corp. 5,707 (b) Shared (a) Sole
Travelers Property Casualty Corp. 442,300 (a) Sole (a) Sole
Travelers Property Casualty Corp. 157,700 (b) Shared (a) Sole
Telefonica de Argentina S.A. 430,200 (a) Sole (a) Sole
Telefonica de Argentina S.A. 137,400 (b) Shared (a) Sole
TeleCorp PCS, Inc. 31,500 (b) Shared (a) Sole
Tritel, Inc. 71,700 (b) Shared (a) Sole
U.S. Foodservice, Inc. 1,052,000 (a) Sole (a) Sole
U.S. Foodservice, Inc. 323,800 (b) Shared (a) Sole
Union Carbide Corporation 441,000 (a) Sole (a) Sole
Union Carbide Corporation 147,800 (b) Shared (a) Sole
MediaOne Group, Inc. 450,600 (a) Sole (a) Sole
MediaOne Group, Inc. 136,500 (b) Shared (a) Sole
U.S. Bancorp 25,000 (b) Shared (a) Sole
US WEST, Inc. 410,800 (a) Sole (a) Sole
US WEST, Inc. 143,400 (b) Shared (a) Sole
U.S. Trust Corporation 55,400 (a) Sole (a) Sole
U.S. Trust Corporation 21,400 (b) Shared (a) Sole
United Technologies Corporation 11,160 (b) Shared (a) Sole
VoiceStream Wireless Corporation 21,205 (b) Shared (a) Sole
Williams Communications Group, Inc. 26,100 (a) Sole (a) Sole
Williams Communications Group, Inc. 122,700 (b) Shared (a) Sole
Wells Fargo Company 27,300 (b) Shared (a) Sole
Warner-Lambert Company 131,200 (a) Sole (a) Sole
Warner-Lambert Company 46,200 (b) Shared (a) Sole
Washington Mutual, Inc. 16,800 (b) Shared (a) Sole
Williams Companies, Inc. 419,500 (a) Sole (a) Sole
Williams Companies, Inc. 161,500 (b) Shared (a) Sole
WestPoint Stevens Inc. 219,300 (a) Sole (a) Sole
WestPoint Stevens Inc. 69,600 (b) Shared (a) Sole
Yahoo! Inc. 40,494 (b) Shared (a) Sole
Ziff-Davis, Inc. 921,446 (a) Sole (a) Sole
Ziff-Davis, Inc. 303,950 (b) Shared (a) Sole
Ziff-Davis, Inc. ZDNet 50,000 (b) Shared (a) Sole
FIXED INCOME
CORPORATE BONDS
MindSpring Convertible 5.000% due 04-15-06 20,489,000 (a) Sole (a) Sole
MindSpring Convertible 5.000% due 04-15-06 8,385,000 (b) Shared (a) Sole
GRAND TOTAL
</TABLE>
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