-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PBW4Ur2aswa1favaEXHZ4qwsMrKMA+B7tc6E+rpbhGwrnGjI8JjyTNA+Y0JC0CpB BPhjbMgXWz8Ww1pQ5cqg0w== 0000061227-99-000083.txt : 19990812 0000061227-99-000083.hdr.sgml : 19990812 ACCESSION NUMBER: 0000061227-99-000083 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990630 FILED AS OF DATE: 19990811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACKAY SHIELDS FINANCIAL CORP CENTRAL INDEX KEY: 0000061227 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 132631681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: SEC FILE NUMBER: 028-00046 FILM NUMBER: 99683826 BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-230-3828 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 13F-HR 1 FORM 13F HOLDINGS REPORT FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report for the Calendar Year or Quarter Ended: 6/30/99 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: MacKay-Shields Financial Corporation Address: 9 West 57th Street New York, New York 10019 Form 13F File Number: 28-46 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, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Robert A. Nisi Title: General Counsel Phone: 212-230-3025 Signature, Place, and Date of Signing: /s/ Robert A. Nisi New York, New York August 2, 1999 Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 355 Form 13F Information Table Value Total: $18,812,537
FORM 13F REPORTING MANAGER : MACKAY-SHIELDS FINANCIAL 6/30/99 - ---------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ---------------------------------------------------------------------------------------------------------------------------- AGCO CP Common 00108410 248,875 22,000 22,000 22,000 AK STL HLDG CORP Common 00154710 562,500 25,000 25,000 25,000 AT&T CORP Common 00195710 103,225,330 1,849,502 1,849,502 1,849,502 ABGENIX INC Common 00339B10 3,458,250 174,000 174,000 174,000 AXCIOM CORP Common 00512510 1,783,031 71,500 71,500 71,500 ADAPTEC INC Common 00651F10 116,095,141 3,287,650 3,287,650 3,287,650 ADELPHIA COMMUNICATIONS-CL A Common 00684810 2,545,000 40,000 40,000 40,000 ADELPHIA COMMUNICATIONS CORP C Conv Pfd 00684840 5,778,750 30,000 30,000 30,000 ADVENT SOFTWARE Common 00797410 1,675,000 25,000 25,000 25,000 AGRIBRANDS INTERNATIONAL Common 00849R10 445,078 11,250 11,250 11,250 ALCOA INC Common 01381710 253,688 4,100 4,100 4,100 ALKERMES INC 6.5% CNV PFD Conv Pfd 01642T40 1,175,000 25,000 25,000 25,000 ALLEGHENY ENERGY INC Common 01736110 448,875 14,000 14,000 14,000 ALLIANCE GAMING CORP Common 01859P60 610,958 162,922 162,922 162,922 ALLSTATE CORP Common 02000210 133,340,666 3,716,813 3,716,813 3,716,813 ALLTEL CORP Common 02003910 231,352,550 3,235,700 3,235,700 3,235,700 AMAZON.COM INC Common 02313510 387,888 3,100 3,100 3,100 AMERADA HESS CORP Common 02355110 3,439,100 57,800 57,800 57,800 AMERICA ONLINE INC Common 02364J10 66,899,250 608,175 608,175 608,175 AMERICAN INTL GROUP INC Common 02687410 444,688,447 3,792,652 3,792,652 3,792,652 AMERICAN ITALIAN PASTA CO - A Common 02707010 1,761,750 58,000 58,000 58,000 AMERICAN PWR CONVERSN Common 02906610 201,250 10,000 10,000 10,000 AMERICAN STANDARD COMPANIES Common 02971210 133,206,000 2,775,125 2,775,125 2,775,125 AMERISOURCE HEALTH CORP Common 03071P10 1,718,700 67,400 67,400 67,400 AMWAY JAPAN LTD Common 03234J10 1,135,740 227,148 227,148 227,148 ANALOG DEVICES Common 03265410 4,015,000 80,000 80,000 80,000 - ------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------- ANDRX CORP Common 03455110 5,121,100 66,400 66,400 66,400 APACHE CORPORATION Conv Pfd 03741160 6,475,000 175,000 175,000 175,000 APOLLO GROUP INC -CLS A Common 03760410 451,563 17,000 17,000 17,000 APPLIED PWR INC Common 03822510 2,105,794 77,100 77,100 77,100 ARCHSTONE COMMUNITIES TRUST Conv Pfd 03958120 1,371,813 46,700 46,700 46,700 ARMCO INC CONV $3.625 PFD B Conv Pfd 04217040 1,226,100 24,400 24,400 24,400 ASSOCIATES FIRST CAPITAL CORP Common 04600810 334,868,596 7,589,090 7,589,090 7,589,090 AVONDALE INDUSTRIES INC Common 05435010 1,236,300 31,700 31,700 31,700 BJ SVCS CO Common 05548210 2,502,188 85,000 85,000 85,000 BMC SOFTWARE INC Common 05592110 3,542,400 65,600 65,600 65,600 BAKER HUGHES Common 05722410 670,000 20,000 20,000 20,000 BANK OF AMERICA CORP Common 06050510 107,806,471 1,470,506 1,470,506 1,470,506 BANK NEW YORK INC Common 06405710 1,174,000 32,000 32,000 32,000 BED BATH & BEYOND INC Common 07589610 152,610,535 3,963,910 3,963,910 3,963,910 BELL ATLANTIC CORP Common 07785310 6,828,419 104,450 104,450 104,450 BENCHMARK ELECTRONICS INC Common 08160H10 1,976,563 55,000 55,000 55,000 BEVERLY ENTERPRISES Common 08785130 6,033,975 748,400 748,400 748,400 BORDERS GROUP, INC. Common 09970910 1,106,875 70,000 70,000 70,000 BOSTON SCIENTIFIC CORP Common 10113710 263,625 6,000 6,000 6,000 BOWATER INC Common 10218310 36,225,294 764,650 764,650 764,650 BOYDS COLLECTION LTD Common 10335410 302,969 17,500 17,500 17,500 BRIGHT HORIZONS FAMILY SOLUTIO Common 10919510 509,625 27,000 27,000 27,000 BRISTOL-MYERS SQUIBB Common 11012210 1,408,750 20,000 20,000 20,000 BROCADE COMMUNICATIONS SYS Common 11162110 983,663 10,200 10,200 10,200 BROWNING FERRIS INDS INC Common 11588510 84,239,150 1,959,050 1,959,050 1,959,050 BUILDING ONE SERVICES CORP Common 12011410 680,569 49,050 49,050 49,050 - ------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------ BURLINGTON INDS INC Common 12169310 330,225 35,700 35,700 35,700 BURLINGTON NORTHERN SANTA FE Common 12189T10 514,600 16,600 16,600 16,600 CIGNA CORP Common 12550910 112,402,550 1,262,950 1,262,950 1,262,950 C.I.T. GROUP INC -A Common 12557710 1,940,400 67,200 67,200 67,200 CVS CORPORATION Common 12665010 295,000,158 5,812,811 5,812,811 5,812,811 CALLAWAY GOLF CO Common 13119310 21,615,750 1,478,000 1,478,000 1,478,000 CALPINE CORPORATION Common 13134710 2,592,000 48,000 48,000 48,000 CARDINAL HEALTH INC Common 14149Y10 211,993,787 3,305,946 3,305,946 3,305,946 CARNIVAL CORP CLASS A Common 14365810 154,986,600 3,195,600 3,195,600 3,195,600 CENDANT CORPORATION Common 15131310 164,692,839 8,033,797 8,033,797 8,033,797 CENTEX CORP Common 15231210 281,719 7,500 7,500 7,500 CENTOCOR INC Common 15234210 1,734,450 37,200 37,200 37,200 CHANCELLOR MEDIA CORP Common 15891510 163,154,841 2,959,725 2,959,725 2,959,725 CHESAPEAKE ENERGY CNVPFD 7% Conv Pfd 16516730 1,040,000 40,000 40,000 40,000 CHIQUITA BRANDS INTL INC Conv Pfd 17003250 7,791,450 203,100 203,100 203,100 CHUBB CORP Common 17123210 105,970,125 1,524,750 1,524,750 1,524,750 CINERGY CORP Common 17247410 745,600 23,300 23,300 23,300 CIRCUIT CITY STORE INC Common 17273710 302,970,750 3,257,750 3,257,750 3,257,750 CIRRUS LOGIC INC Common 17275510 674,500 76,000 76,000 76,000 CISCO SYS INC Common 17275R10 488,487,027 7,580,788 7,580,788 7,580,788 CITADEL COMMUNICATIONS CORP Common 17285320 2,844,338 78,600 78,600 78,600 CITIGROUP INC Common 17296710 446,756,880 9,405,408 9,405,408 9,405,408 CLARIFY INC. Common 18049210 742,500 18,000 18,000 18,000 CLEAR CHANNEL COMMUNICATIONS Common 18450210 234,182,411 3,397,025 3,397,025 3,397,025 COASTAL CORP Common 19044110 140,752,238 3,496,950 3,496,950 3,496,950 COINSTAR INC Common 19259P30 1,729,856 60,300 60,300 60,300 - ------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------- COLGATE PALMOLIVE CO Common 19416210 228,891,838 2,323,775 2,323,775 2,323,775 COLTEC INDUSTRIES Common 19687910 832,800 38,400 38,400 38,400 COLUMBIA ENERGY GROUP Common 19764810 5,058,881 80,700 80,700 80,700 COMDISCO INC Common 20033610 5,125,000 200,000 200,000 200,000 COMPLETE BUSINESS SOLUTIONS Common 20452F10 304,938 17,000 17,000 17,000 COMPUWARE CORP Common 20563810 305,715,262 9,609,910 9,609,910 9,609,910 CONAGRA Common 20588710 54,461,438 2,045,500 2,045,500 2,045,500 CONMED CORP Common 20741010 2,195,813 71,700 71,700 71,700 CONOCO INC-CL A Common 0825130 13,538,888 485,700 485,700 485,700 CONSECO INC Common 20846410 69,725,768 2,290,785 2,290,785 2,290,785 CONSOLIDATED GRAPHICS INC Common 20934110 1,290,000 25,800 25,800 25,800 CONSOLIDATED NATURAL GAS Common 20961510 53,353,688 878,250 878,250 878,250 COOPER CAMERON CORP Common 21664010 370,625 10,000 10,000 10,000 CORPORATE EXECUTIVE BOARD CO Common 21988R10 924,625 26,000 26,000 26,000 COST PLUS INC Common 22148510 1,888,250 41,500 41,500 41,500 COVAD COMMUNICATIONS GROUP Common 22281420 1,119,563 21,000 21,000 21,000 CULLEN/FROST BANKERS INC Common 22989910 1,929,375 70,000 70,000 70,000 CYPRUS AMAX MINERALS CO Common 3280910 8,299,050 544,200 544,200 544,200 CYTEC INDUSTRIES INC Common 23282010 472,500 15,000 15,000 15,000 DQE INC Common 23329J10 722,250 18,000 18,000 18,000 DTE ENERGY COMPANY Common 23333110 72,905,825 1,789,100 1,789,100 1,789,100 DANA CORP Common 23581110 42,531,855 923,351 923,351 923,351 DANAHER CORP Common 23585110 6,021,750 103,600 103,600 103,600 DEVELOPERS DIVERS REALTY CORP Common 25159110 1,284,188 76,100 76,100 76,100 DOLLAR GEN CORP Common 25666910 161,777,283 5,578,527 5,578,527 5,578,527 DOLLAR TREE STORES INC Common 25674710 2,244,000 51,000 51,000 51,000 - ------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------- DUANE READE INC Common 26357810 1,952,000 64,000 64,000 64,000 DUKE ENERGY CORP Common 26439910 598,813 11,000 11,000 11,000 E M C CORP MASS Common 26864810 409,824,250 7,451,350 7,451,350 7,451,350 EASTMAN CHEM CO Common 27743210 931,500 18,000 18,000 18,000 EDISON INTL (SCE CORP Common 28102010 668,750 25,000 25,000 25,000 EL PASO ELECTRIC COMPANY Common 28367785 522,844 58,500 58,500 58,500 EL PASO ENER CAP TRUST Conv Pfd 8367820 7,702,200 155,600 155,600 155,600 EL PASO ENERGY CORP Common 28390510 66,022,306 1,876,300 1,876,300 1,876,300 ELAN PLC Common 28413120 127,694,123 4,601,590 4,601,590 4,601,590 EMBRATEL PARTICIPACOES-ADR Common 29081N10 330,433 23,815 23,815 23,815 EMULEX CORP Common 29247520 589,294 5,300 5,300 5,300 ENERGY EAST CORPORATION Common 29266M10 59,553,000 2,290,500 2,290,500 2,290,500 ENRON OIL & GAS CO Common 29356210 5,698,350 281,400 281,400 281,400 EQUIFAX INC Common 29442910 103,496,783 2,900,085 2,900,085 2,900,085 EQUITABLE COMPS INC Common 29444G10 82,095,100 1,225,300 1,225,300 1,225,300 EQUITY OFFICE PROPERTIES TR Common 29474110 1,588,750 62,000 62,000 62,000 EQUITY OFFICE PROPERTIES TR Conv Pfd 29474150 4,049,375 95,000 95,000 95,000 EVEREST REINSURANCE HLDGS Common 29980810 3,445,200 105,600 105,600 105,600 EXCHANGE APPLICATIONS INC Common 30086710 2,730,250 67,000 67,000 67,000 EXPEDITORS INTL WASH INC Common 30213010 2,474,300 90,800 90,800 90,800 FEDERAL HOME LOAN MTG CORP Common 31340030 124,338,950 2,143,775 2,143,775 2,143,775 FEDERAL MOGUL CORP Common 31354910 32,874,400 632,200 632,200 632,200 FEDERATED DEPT STORES Common 31410H10 110,484,533 2,087,075 2,087,075 2,087,075 FIRSTAR CORP Common 33763V10 77,938,000 2,783,500 2,783,500 2,783,500 FISERV INC Common 33773810 2,852,569 91,100 91,100 91,100 FLUOR CORP Common 34386110 87,504,300 2,160,600 2,160,600 2,160,600 - ------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------- FOX ENTERTAINMENT GRP INC-A Common 35138T10 32,303,450 1,199,200 1,199,200 1,199,200 FREEPORT-MC COPP SERIES A Conv Pfd 35671D50 337,500 18,000 18,000 18,000 GST TELECOMMUNICATIONS INC Common 36194210 1,859,438 141,000 141,000 141,000 GENERAL ELEC CO Common 36960410 768,400 6,800 6,800 6,800 GENERAL INSTRUMENT CORP Common 37012010 2,924,000 68,800 68,800 68,800 GEON CO Common 37246W10 21,372,075 662,700 662,700 662,700 GEORGIA-PAC(GEORGIA PAC GRP) Common 37329810 76,946,475 1,624,200 1,624,200 1,624,200 GIBRALTAR STEEL CORP Common 37476F10 519,750 21,000 21,000 21,000 GILDAN ACTIVEWEAR INC-CL A Common 37591610 1,265,625 75,000 75,000 75,000 GLENBOROUGH REALTY PFD A Conv Pfd 37803P20 1,425,000 75,000 75,000 75,000 GOLDMAN SACHS GROUP INC Common 38141G10 13,221,750 183,000 183,000 183,000 GRAND UNION CO Common 38653240 220,575 20,400 20,400 20,400 GREAT PLAINS SOFTWARE INC Common 39119E10 1,679,875 35,600 35,600 35,600 GUIDANT CORP Common 40169810 314,572,381 6,153,005 6,153,005 6,153,005 HALLIBURTON Common 40621610 2,262,500 50,000 50,000 50,000 HANGER ORTHOPEDIC GROUP INC Common 41043F20 378,806 26,700 26,700 26,700 HARLEY DAVIDSON INC Common 41282210 297,929,597 5,479,165 5,479,165 5,479,165 HARRAH'S ENTERTAINMENT INC Common 41361910 108,337,906 4,910,500 4,910,500 4,910,500 HEALTH CARE PPTYS INVEST INC Common 42191510 447,563 15,500 15,500 15,500 HEALTHSOUTH CORP. Common 42192410 5,236,000 352,000 352,000 352,000 HEALTHCARE REALTY TRUST INC Common 42194610 475,313 22,500 22,500 22,500 HEICO CORP-CL A Common 42280620 509,250 21,000 21,000 21,000 HIGHWOODS PROPERTIES INC Common 43128410 9,043,400 329,600 329,600 329,600 HOME DEPOT INC Common 43707610 350,497,793 5,439,345 5,439,345 5,439,345 HONEYWELL INC Common 43850610 80,347,725 693,400 693,400 693,400 ICG COMMUNICATIONS INC Common 44924610 696,825 32,600 32,600 32,600 - ------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------ IMC GLOBAL INC Common 44966910 66,396,304 3,821,370 3,821,370 3,821,370 IMS HEALTH INC Common 44993410 167,921,094 5,373,475 5,373,475 5,373,475 IXL ENTERPRISES INC Common 45071810 2,687,500 100,000 100,000 100,000 IDEXX LABORATORIES INC Common 45168D10 1,860,338 79,800 79,800 79,800 ILLINOVA CORP Common 45231710 82,895,863 3,042,050 3,042,050 3,042,050 INFINITY BROADCASTING Common 45662S10 36,846,700 1,246,400 1,246,400 1,246,400 INTEL CORP Common 45814010 220,205,930 3,700,940 3,700,940 3,700,940 INTERMEDIA COMM Common 45880110 1,500,000 50,000 50,000 50,000 IBM Common 45920010 23,368,400 180,800 180,800 180,800 INTERNATIONAL PAPER CO Common 46014610 56,729,738 1,128,950 1,128,950 1,128,950 INTERVU INC Common 46114R10 1,532,500 40,000 40,000 40,000 IRON MOUNTAIN INC Common 46284P10 2,239,019 78,219 78,219 78,219 ISLE OF CAPRIS CASINOS INC Common 46459210 1,608,619 233,981 233,981 233,981 I2 TECHNOLOGIES INC Common 46575410 2,687,500 62,500 62,500 62,500 JABIL CIRCUIT INC Common 46631310 3,384,375 75,000 75,000 75,000 JOHNSON & JOHNSON Common 47816010 304,417,106 3,106,297 3,106,297 3,106,297 K MART CORP Common 48258410 70,400,550 4,266,700 4,266,700 4,266,700 KERR MCGEE CORP Common 49238610 107,983,425 2,151,600 2,151,600 2,151,600 KMART FINANCING 7.75% Conv Pfd 49877820 3,568,500 61,000 61,000 61,000 KOHLS CORP Common 50025510 377,155,284 4,906,085 4,906,085 4,906,085 KROGER CO Common 50104410 301,054,221 10,775,990 10,775,990 10,775,990 L-3 COMMUNICATIONS HLDGS INC Common 50242410 2,091,931 43,300 43,300 43,300 LAKES GAMING INC Common 51206P10 1,094,844 100,100 100,100 100,100 LASON INC Common 51808R10 2,208,313 44,500 44,500 44,500 LEGATO SYSTEMS Common 52465110 635,250 11,000 11,000 11,000 LINENS 'N THINGS INC Common 53567910 2,546,250 58,200 58,200 58,200 - ----------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------------------ LIZ CLAIBORNE Common 53932010 81,805,625 2,241,250 2,241,250 2,241,250 LOEWS CINEPLEX ENTERTAIN Common 54042310 2,446,875 225,000 225,000 225,000 LUCENT TECHNOLOGIES INC Common 54946310 467,948,273 6,938,992 6,938,992 6,938,992 LYONDELL PETROCHEMICAL Common 55207810 37,061,063 1,796,900 1,796,900 1,796,900 MCN ENERGY GROUP, INC. Common 55267J10 2,075,000 100,000 100,000 100,000 MCI WORLDCOM INC Common 55268B10 447,430,245 5,198,899 5,198,899 5,198,899 MGIC INVT CORP WIS Common 55284810 100,165,069 2,059,950 2,059,950 2,059,950 MACDERMID INC Common 55427310 2,139,000 46,000 46,000 46,000 MANITOWOC COMPANY INC Common 56357110 1,710,788 41,100 41,100 41,100 MARIMBA Common 56781Q10 263,438 5,000 5,000 5,000 MARK IV INDUSTRIES INC Common 57038710 54,674,563 2,588,145 2,588,145 2,588,145 MASCO CORP Common 57459910 3,337,950 115,600 115,600 115,600 MATTEL INC Common 57708110 65,124,400 2,492,800 2,492,800 2,492,800 MAXIMUS INC Common 57793310 1,262,125 43,900 43,900 43,900 MEDE AMERICA CORP Common 58406710 641,750 17,000 17,000 17,000 MEDIA METRIX INC Common 58440X10 319,500 6,000 6,000 6,000 MEDQUIST INC Common 58494910 765,625 17,500 17,500 17,500 MEDITRUST CORP-PAIRED STOCK Common 58501T30 209,000 16,000 16,000 16,000 MEDTRONIC INC Common 58505510 357,700,123 4,593,260 4,593,260 4,593,260 THE MEN'S WEARHOUSE INC Common 58711810 1,448,375 56,799 56,799 56,799 MERCK & CO INC Common 58933110 173,929,491 2,362,370 2,362,370 2,362,370 METROMEDIA INTL GRP CV PFD Conv Pfd 59169520 1,534,500 44,000 44,000 44,000 METTLER-TOLEDO INTL Common 59268810 1,802,850 70,700 70,700 70,700 METZLER GROUP INC Common 59290310 1,256,938 45,500 45,500 45,500 MICROSOFT CORP Common 59491810 413,170,402 4,581,238 4,581,238 4,581,238 MICROSOFT CONV PFD 2.196 Conv Pfd 59491820 28,132,406 281,500 281,500 281,500 - ------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------ MOBIL Common 60705910 6,122,500 62,000 62,000 62,000 MONTANA POWER CO Common 61208510 3,905,700 55,400 55,400 55,400 MOTOROLA INC Common 62007610 156,176,425 1,648,300 1,648,300 1,648,300 MUTUAL RISK MGMT LTD Common 62835110 1,435,125 43,000 43,000 43,000 NCO GROUP INC Common 62885810 627,000 16,500 16,500 16,500 NASDAQ-100 SHARES Common 63110010 5,762,500 50,000 50,000 50,000 NATIONAL STEEL CORP-CL B Common 63784430 502,500 60,000 60,000 60,000 NATIONWIDE HLTH PPTYS INC Common 63862010 446,063 23,400 23,400 23,400 NIAGARA MOHAWK HOLDINGS INC Common 65352010 81,815,147 5,093,550 5,093,550 5,093,550 NIPPON TELEGRAPH&TEL SP/ADR Common 65462410 85,173,131 1,360,050 1,360,050 1,360,050 NOBLE AFFILIATES INC Common 65489410 88,102,850 3,125,600 3,125,600 3,125,600 NORDSTROM INC Common 65566410 113,868,175 3,399,050 3,399,050 3,399,050 NORTHWEST AIRLS CORP CL A Common 66728010 42,113,500 1,295,800 1,295,800 1,295,800 OGE ENERGY CORP Common 67083710 7,015,750 295,400 295,400 295,400 OCEAN ENERGY INC Common 67481E10 54,406,275 5,652,600 5,652,600 5,652,600 OCULAR SCIENCES INC Common 67574410 354,450 20,400 20,400 20,400 OMNICOM GROUP INC Common 68191910 185,100,000 2,313,750 2,313,750 2,313,750 OPTIMAL ROBOTICS CORP Common 68388R20 993,750 100,000 100,000 100,000 ORACLE CORPORATION Common 68389X10 215,664,805 5,809,153 5,809,153 5,809,153 OWENS ILLINOIS INC Common 69076840 89,714,113 2,744,600 2,744,600 2,744,600 OWENS-ILLINOIS INC Conv Pfd 69076850 4,510,000 102,500 102,500 102,500 PACIFICORP Common 69511410 477,750 26,000 26,000 26,000 PATRIOT AMERN HOSPITLTY IN Common 70335220 338,400 75,200 75,200 75,200 PATTERSON DENTAL COMPANY Common 70341210 1,713,175 49,300 49,300 49,300 PAYLESS SHOESOURCE INC Common 70437910 55,023,413 1,028,475 1,028,475 1,028,475 PENNZENERGY COMPANY Common 70931Q10 556,938 33,500 33,500 33,500 - ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------- PERCLOSE INC Common 71361C10 1,643,738 34,200 34,200 34,200 PEREGRINE SYSTEMS INC Common 71366Q10 642,188 25,000 25,000 25,000 TELEKOMUNIK INDONESIA-SP AD Common 71568410 246,263 19,800 19,800 19,800 PFIZER INC Common 71708110 187,398,904 1,719,256 1,719,256 1,719,256 PHELPS DODGE Common 71726510 569,825 9,200 9,200 9,200 PHILIP MORRIS COS INC Common 71815410 137,823,433 3,429,510 3,429,510 3,429,510 PLANTRONICS INC Common 72749310 2,031,900 31,200 31,200 31,200 PLAYERS INTL INC Common 72790310 449,219 62,500 62,500 62,500 POGO TRUST I Conv Pfd 73044P20 1,765,313 35,000 35,000 35,000 PORTAL SOFTWARE Common 73612610 2,315,625 50,000 50,000 50,000 PRE PAID LEGAL SVCS Common 74006510 1,988,263 73,300 73,300 73,300 PREMIER PARKS INC Common 74054020 1,587,600 43,200 43,200 43,200 PRIORITY HEALTHCARE CORP-B Common 74264T10 241,500 7,000 7,000 7,000 PROFIT RECOVERY GROUP INTL Common 74316810 903,669 19,100 19,100 19,100 PROVIDIAN CORP Common 74406A10 258,917,950 2,776,600 2,776,600 2,776,600 PSINET INC Common 74437C10 735,000 16,800 16,800 16,800 PSINET INC Conv Pfd 74437C30 2,412,500 50,000 50,000 50,000 QRS CORP Common 74726X10 2,698,800 34,600 34,600 34,600 QLOGIC CORP Common 74727710 1,254,000 9,500 9,500 9,500 QUANTA SERVICES INC Common 74762E10 880,000 20,000 20,000 20,000 QUEST DIAGNOSTICS INC Common 74834L10 19,955,006 728,950 728,950 728,950 QWEST COMMUNICATIONS INTL Common 74912110 4,927,966 149,050 149,050 149,050 RPM INC OHIO Common 74968510 3,639,663 256,540 256,540 256,540 RAYTHEON CO - CLASS A Common 75511130 48,346,806 701,950 701,950 701,950 RAYTHEON CO - CLASS B Common 75511140 303,150 4,300 4,300 4,300 REDBACK NETWORKS Common 75720910 640,369 5,100 5,100 5,100 - ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------- REPSOL SPONS ADR Common 76026T20 260,000 12,800 12,800 12,800 REYNOLDS METALS CO Common 76176310 89,623,950 1,519,050 1,519,050 1,519,050 RJ REYNOLDS TOBACCO HLDGS Common 76182K10 9,476,169 298,462 298,462 298,462 ROGERS COMMUNICA IN CL B Common 77510920 1,725,694 108,000 108,000 108,000 SBC COMMUNICA (SOUTHWESTE Common 78387G10 3,064,662 52,839 52,839 52,839 SFX ENTERTAINMENT INC-CL A Common 78417810 204,800 3,200 3,200 3,200 SLM HOLDING CORP Common 78442A10 53,823,274 1,174,860 1,174,860 1,174,860 S & P 500 DEPOSIT RECEIPT Common 78462F10 1,271,360 9,280 9,280 9,280 SAFEWAY INC Common 78651420 229,404,285 4,634,430 4,634,430 4,634,430 SAKS INCORPORATED Common 79377W10 37,791,600 1,308,800 1,308,800 1,308,800 SANCHEZ COMPUTER ASSOC Common 79970210 865,625 25,000 25,000 25,000 SANDISK CORP Common 80004C10 3,240,000 72,000 72,000 72,000 SANTA FE SNYDER CORP Common 80218K10 49,511,680 6,188,960 6,188,960 6,188,960 SCHERING-PLOUGH Common 80660510 372,278,865 7,091,026 7,091,026 7,091,026 SEAGATE TECHNOLOGY Common 81180410 75,861,531 2,960,450 2,960,450 2,960,450 SEAGRAM CO LTD Conv Pfd 81185020 9,912,500 200,000 200,000 200,000 SEALED AIR CORP Conv Pfd 81211K20 2,687,500 43,000 43,000 43,000 SERVICE CORP. INTL Common 81756510 77,815,238 4,042,350 4,042,350 4,042,350 SHAW INDUSTRIES INC Common 82028610 52,764,250 3,015,100 3,015,100 3,015,100 SHERWIN-WILLIAMS Common 82434810 54,821,513 1,975,550 1,975,550 1,975,550 SIMON PROPERTY GROUP, INC Common 82880610 3,659,075 144,200 144,200 144,200 SMURFIT-STONE CONTAINER COR Common 83272710 106,887,988 5,198,200 5,198,200 5,198,200 SOLUTIA INC Common 83437610 426,250 20,000 20,000 20,000 SPIEKER PROPERTIES INC Common 84849710 2,554,088 65,700 65,700 65,700 STAPLES INC Common 85503010 328,950,023 10,632,728 10,632,728 10,632,728 STARMEDIA NETWORK INC Common 85554610 2,565,000 40,000 40,000 40,000 - ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ----------------------------------------------------------------------------------------------------------------------- STERLING COMMERCE INC Common 85920510 1,711,448 46,570 46,570 46,570 SUN MICROSYSTEMS INC Common 86681010 495,210,561 7,189,990 7,189,990 7,189,990 SUN HEALTHCARE GROUP INC Common 86693310 6,825 18,200 18,200 18,200 SUNGARD DATA SYSTEMS INC Common 86736310 3,632,850 105,300 105,300 105,300 SUPERVALU Common 86853610 271,688 10,500 10,500 10,500 SYLVAN LEARNING SYSTEMS INC Common 87139910 2,022,750 74,400 74,400 74,400 SYMBOL TECHNOLOGIES INC Common 87150810 232,313 6,300 6,300 6,300 SYSTEM SOFTWARE ASSOC INC Common 87183910 82,813 50,000 50,000 50,000 TALBOTS INC Common 87416110 3,126,250 82,000 82,000 82,000 TELECENTRO SUL PARTICIPA-ADR Common 87923910 265,013 4,775 4,775 4,775 TELENORTE LESTE PARTICIP-ADR Common 87924610 442,252 23,825 23,825 23,825 TELESP PARTICIPACOES SA-ADR Common 87952K10 546,141 23,875 23,875 23,875 TELESP CELULAR PARTICIPA-ADR Common 87952L10 255,463 9,550 9,550 9,550 TEMPLE INLAND INC Common 87986810 43,048,463 627,300 627,300 627,300 TESORO PETROLEUM CORP Common 88160910 2,121,281 133,100 133,100 133,100 TEVA PHARMACEUTICAL INDS Common 88162420 2,915,500 59,500 59,500 59,500 TETRA TECH INC Common 88162G10 2,362,817 143,201 143,201 143,201 TEXACO INC Common 88169410 107,247,575 1,719,400 1,719,400 1,719,400 TEXAS UTILITIES CO (HLDG) Common 88284810 106,792,725 2,577,200 2,577,200 2,577,200 THESTREET.COM INC Common 88368Q10 1,080,000 30,000 30,000 30,000 TIME WARNER INC Common 88731510 177,506,394 2,444,150 2,444,150 2,444,150 TIME WARNER TELECOM -CL A Common 88731910 319,000 11,000 11,000 11,000 TOSCO CORP Common 89149030 122,462,609 4,721,450 4,721,450 4,721,450 TOWNE SERVICES INC Common 89214810 354,375 45,000 45,000 45,000 TRANS WORLD ENTERTAINMENT CP Common 89336Q10 448,875 39,900 39,900 39,900 TUPPERWARE CORP Common 89989610 510,000 20,000 20,000 20,000 - ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------ TUT SYSTEMS INC Common 90110310 734,063 15,000 15,000 15,000 TYCO INTL LTD Common 90212410 598,521,348 6,316,848 6,316,848 6,316,848 UCAR INTERNATIONAL INC Common 90262K10 30,292,425 1,199,700 1,199,700 1,199,700 UGI CORP Common 90268110 853,326 42,270 42,270 42,270 USX-MARATHON GROUP Common 90290582 17,082,288 524,600 524,600 524,600 US CONCRETE INC Common 90333L10 807,500 85,000 85,000 85,000 USX-US STEEL GROUP Common 90337T10 74,544,840 2,760,920 2,760,920 2,760,920 UNILAB CORP Common 90476310 92,400 15,400 15,400 15,400 UNICOM CORP Common 90491110 439,613 11,400 11,400 11,400 UNION PACIFIC RESOURCES Common 90783410 170,921,559 10,477,950 10,477,950 10,477,950 UNISYS CORP Common 90921410 3,776,587 96,991 96,991 96,991 UNISYS CORP Conv Pfd 90921420 8,293,669 127,350 127,350 127,350 UNITED HEALTHCARE CORP Common 91058110 139,663,457 2,230,155 2,230,155 2,230,155 US INDUSTRIES INC Common 91208010 306,000 18,000 18,000 18,000 UNIVISION COMMUNICATIONS INC Common 91490610 25,200,500 387,700 387,700 387,700 UNOCAL CORP Common 91528910 110,245,032 2,782,209 2,782,209 2,782,209 VALASSIS COMM Common 91886610 2,461,200 67,200 67,200 67,200 VALERO ENERGY CORP Common 91913Y10 79,237,823 3,696,225 3,696,225 3,696,225 VERTICALNET INC Common 92532L10 735,000 7,000 7,000 7,000 VETERINARY CTRS OF AMERICA Common 92551410 585,900 43,200 43,200 43,200 VIAD CORP Common 92552R10 201,094 6,500 6,500 6,500 WHX CORP PFD B Conv Pfd 92924830 6,042,713 188,100 188,100 188,100 WASHINGTON MUTUAL SAVINGS Common 93932210 103,526,883 2,911,125 2,911,125 2,911,125 WATERS CORPORATION Common 94184810 4,473,125 84,200 84,200 84,200 WELLS FARGO COMPANY Common 94974610 182,841,536 4,276,995 4,276,995 4,276,995 WENDYS FINANCE I SERIES A Conv Pfd 95058820 1,512,500 25,000 25,000 25,000 - ----------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST DSCRETN MANA- VOTING AUTHORITY OF NUMBER MARKET PRINCIPAL SHARED GERS CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) - ------------------------------------------------------------------------------------------------------------------------ WENDYS INTL INC Common 95059010 1,026,000 36,000 36,000 36,000 WILLIAMS COS Common 96945710 16,386,563 385,000 385,000 385,000 WIT CAPITAL GROUP INC Common 97737K30 1,360,000 40,000 40,000 40,000 WORTHINGTON INDUSTRIES Common 98181110 603,256 36,700 36,700 36,700 XILINX INC Common 98391910 3,121,041 54,516 54,516 54,516 XOMED SURGICAL PRODUCTS INC Common 98412V10 2,509,841 51,550 51,550 51,550 XOOM.COM INC Common 98413F10 1,309,375 25,000 25,000 25,000 YOUNG & RUBICAM INC Common 98742510 5,920,506 130,300 130,300 130,300 GLOBAL CROSSING LTD Common G3921A10 2,530,092 59,357 59,357 59,357 LORAL SPACE & COMM CNV PFD C Conv Pfd G5646214 801,850 15,800 15,800 15,800 TRANSOCEAN OFFSHORE INC Common G9007610 3,237,500 50,000 50,000 50,000 BACKWEB TECHNOLOGIES LTD Common M1563310 1,779,375 65,000 65,000 65,000 FUNDTECH LTD. Common M4709510 389,063 15,000 15,000 15,000 GILAT SATELLITE NETWORKS LTD Common M5147410 2,682,750 51,100 51,100 51,100 ORCKIT COMMUNICATIONS LTD Common M7531S10 618,750 25,000 25,000 25,000 NEW HOLLAND NV Common N6264810 599,375 35,000 35,000 35,000 FLEXTRONICS INTL LTD Common Y2573F10 3,607,500 65,000 65,000 65,000 ----------- --------- ------------ ------------ REPORT TOTALS 18,812,536,648 415,698,522 415,698,522 415,698,522 =============== =========== ============= =============
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