13F-HR 1 fletchdec31.txt 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, 2003 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: FLETCHER ASSET MANAGEMENT, INC. Address: 22 EAST 67TH STREET NEW YORK, NEW YORK 10021 Form 13F File Number: 28-3480 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: DENIS KIELY Title: DIRECTOR Phone: (212) 284-4800 Signature, Place, and Date of Signing: /s/ Denis Kiely ---------------------------- ------------------------ --------------------- DENIS KIELY NEW YORK, NEW YORK FEBRUARY 11, 2004 DIRECTOR 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 34 Form 13F Information Table Value Total: $247,833 (thousands) 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. No. Form 13F File Number Name 1 28-10204 FLETCHER INTERNATIONAL, LTD.
FORM 13F REPORT Fair Shares or (B) (C) (B) Name of Issuer Title of CUSIP Market Principal (A) Shared Shared Other (A) Shared (C) Class Number Value Amount Sole Defined Other Managers Sole Defined None -------- ------ (x$1,000) --------- ---- ------- ------ -------- ---- ------- ---- --------- Allied Waste Inds Inc Common Stock 019589308 101 7,300 X 1 X Alloy Inc Common Stock 019855105 12,273 2,355,700 X 1 X American Express Co Common Stock 025816109 728 15,100 X 1 X Aspen Technology Inc Common Stock 045327103 975 95,000 X 1 X CalDive International Inc Common Stock 127914109 1,658 68,780 X 1 X Casella Waste Sys Inc CL A 147448104 99 7,200 X 1 X Champion Enterprises Inc Common Stock 158496107 14,769 2,109,906 X 1 X Com21 Inc Common Stock 205937105 0 364,000 X 1 X Cooper Cameron Corp Common Stock 216640102 2,369 50,840 X 1 X Diamonds TR Unit Ser 1 252787106 18,237 174,400 X 1 X Dow Chem Co Common Stock 260543103 702 16,900 X 1 X Equitable Res Inc Common Stock 294549900 99 2,300 X X Euronet Worldwide Inc Common Stock 298736109 20,365 1,131,363 X 1 X Federal Natl Mtg Assn Common Stock 313586109 547 7,300 X 1 X Fleetwood Enterprises Inc Common Stock 339099103 1,662 161,977 X 1 X GulfTerra Energy Partners LP Common Units 40274U108 53,546 1,260,500 X X Ionics Inc Common Stock 462218108 42 3,000 X 1 X Kinder Morgan Inc Kans Common Stock 49455P101 100 1,700 X X Lone Star Technologies Inc Common Stock 542312103 393 24,600 X 1 X Metro Goldwyn Mayer Inc Common Stock 591610100 1,126 65,900 X 1 X Newpark Resources Inc Common Stock 651718504 15,112 3,155,008 X 1 X Oceaneering Intl Inc Common Stock 675232102 202 7,200 X 1 X Oil Service HOLDRS Trust Depostry Rcpt 678002106 25,451 410,500 X 1 X Oil Sts Intl Inc Common Stock 678026105 190 13,600 X 1 X Plains Res Inc Common Stock 726540503 100 6,200 X X SPDR TR Unit Ser 1 78462F103 48 432 X X SPDR TR Unit Ser 1 78462F103 65,448 588,141 X 1 X Superior Energy Svcs Inc Common Stock 868157108 197 21,000 X 1 X Tetra Tech Inc Common Stock 88162G103 99 4,000 X 1 X TRC Cos Inc Common Stock 872625108 10,703 508,193 X 1 X W-H Energy Svcs Inc Common Stock 92925E108 194 12,000 X 1 X Waste Connections Inc Common Stock 941053100 98 2,600 X 1 X Western Gas Res Inc Common Stock 958259103 99 2,100 X X Williams Cos Inc Del Common Stock 969457100 98 10,000 X X