13F-HR 1 sf157030.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: MARCH 31, 2004 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 May 17, 2004 ---------------------------- ------------------------ --------------------- DENIS KIELY NEW YORK, NEW YORK May 17, 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: 33 Form 13F Information Table Value Total: $183,322 (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 INFORMATION TABLE Fair Shares Market or Voting Authority Title of CUSIP Value Principal SH/ Put/ Investment Other (A) (B) (C) Name of Issuer Class Number (x$1,000) Amount PRN Call Discretion Managers Sole Shared None -------------------------- ----------- --------- --------- --------- ---- ----- ---------- -------- ----- ------ ----- Alloy Inc. Common 019855105 11,307 2,355,700 SH Defined 1 X Stock Allied Waste Industries, Common 019589908 97 7,300 SH Defined 1 X Inc. Stock American Express Co. Common 025816109 783 15,100 SH Defined 1 X Stock Aspen Technology Inc. Common 045327103 776 95,000 SH Defined 1 X Stock CalDive International Inc. Common 127914109 2,077 80,404 SH Defined 1 X Stock Casella Waste Systems, Inc. CL A 147448104 105 7,200 SH Defined 1 X Champion Enterprises Inc. Common 158496109 19,367 1,827,106 SH Defined 1 X Stock Cooper Cameron Corp. Common 216640102 1,207 27,390 SH Defined 1 X Stock Diamonds TR Unit Ser 1 252787106 18,129 174,400 SH Defined 1 X Dow Chem Co. Common 260543103 681 16,900 SH Defined 1 X Stock Euronet Worldwide, Inc. Common 298736109 18,057 1,131,363 SH Defined 1 X Stock First Data Corp. Common 319963104 330 7,830 SH Defined 1 X Stock Federal Natl Mtg Assn Common 313586109 543 7,300 SH Defined 1 X Stock Fleetwood Enterprises Inc. Common 339099103 1,989 161,977 SH Defined 1 X Stock GulfTerra Energy Partners LP Common 40274U108 27,173 637,418 SH Defined X Units Interactive Data Corp. Common 45840J107 331 18,610 SH Defined 1 X Stock Ionics, Inc. Common 462218108 85 3,000 SH Defined 1 X Stock Lone Star Technologies Inc. Common 542312103 435 24,600 SH Defined 1 X Stock Mechanical Technology Inc. Common 583538103 5,803 1,418,842 SH Defined 1 X Stock Metro Goldwyn Mayer Inc. Common 591610100 1,147 65,900 SH Defined 1 X Stock Nasdaq-100 Index Jun 35 Put Put 631100954 79 630 SH Put Defined 1 X Newpark Resources Inc. Common 651718504 6,256 1,203,051 SH Defined 1 X Stock Oil Service HOLDRS Trust Depostry 678002106 28,829 410,500 SH Defined 1 X Rcpt Oil States International, Common 678026105 183 13,600 SH Defined 1 X Inc. Stock Oceaneering International, Common 675232102 219 7,200 SH Defined 1 X Inc. Stock Rewards Network Inc. Common 761557107 309 30,890 SH Defined 1 X Stock Superior Energy Services, Common 868157108 212 21,000 SH Defined 1 X Inc. Stock SPDR TR Unit Ser 1 78462F103 26,999 238,592 SH Defined 1 X SPDR TR Unit Ser 1 78462F103 48 422 SH Defined X Tetra Tech Common 88162G103 86 4,000 SH Defined 1 X Stock TRC Cos Inc. Common 872625108 9,583 512,194 SH Defined 1 X Stock Waste Connections, Inc. Common 941053100 103 2,600 SH Defined 1 X Stock W-H Energy Services, Inc. Common 92925E108 174 12,000 SH Defined 1 X Stock -------------------------------------------------------------------------------------------------------------------