13F-HR 1 sfc1-170197.txt PERIOD ENDED MARCH 31, 2005 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, 2005 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: 452 Fifth Avenue HSBC Tower, 29th Floor NEW YORK, NEW YORK 10018 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: PETER ZAYFERT Title: EXECUTIVE VICE PRESIDENT Phone: (212) 284-4800 Signature, Place, and Date of Signing: /s/ PETER ZAYFERT ------------------------------ ------------------------ --------------------- PETER ZAYFERT NEW YORK, NEW YORK May 11, 2005 EXECUTIVE VICE PRESIDENT 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: $112,229 (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 Voting Authority Market Shares or ----------------- Title of CUSIP Value Principal SH/ Put/ Investment Other (A) (B) (C) Name of Issuer Class Number (x$1,000) Amount PRN Ca l Discretion Managers Sole Shared None ------------------------- -------- ---------- --------- --------- ---- ---- ---------- -------- ---- ------ ---- Allied Waste Inds Inc COM 019589308 53 7,300 SH Defined 1 X Alloy Inc COM 019855105 12,205 2,075,661 SH Defined 1 X American Express Co COM 025816109 776 15,100 SH Defined 1 X Cal Dive Int Inc COM 127914109 9,187 202,814 SH Defined 1 X Casella Waste Sys Inc CL A 147448104 95 7,200 SH Defined 1 X Champion Enterprises Inc COM 158496109 12,576 1,337,915 SH Defined 1 X Cooper Cameron Corp COM 216640102 1,567 27,390 SH Defined 1 X Devry Inc DEL COM 251893103 115 6,100 SH Defined 1 X Dow Chem Co COM 260543103 842 16,900 SH Defined 1 X Euronet Worldwide Inc COM 298736109 34,260 1,200,000 SH Defined 1 X Faro Technologies Inc COM 311642102 610 25,900 SH Defined 1 X Federal Natl Mtg Assn COM 313586109 397 7,300 SH Defined 1 X First Data Corp COM 319963104 751 19,110 SH Defined 1 X Fleetwood Enterprises Inc COM 339099103 1,409 161,977 SH Defined 1 X FLIR Sys Inc COM 302445101 733 24,200 SH Defined 1 X Input/Output Inc COM 457652105 1,045 162,000 SH Defined 1 X Interactive Data Corp COM 45840J107 995 47,950 SH Defined 1 X ITT Educational Services COM 45068B109 107 2,200 SH Defined 1 X Inc Lone Star Technologies Inc COM 542312103 970 24,600 SH Defined 1 X Mechanical Technology Inc COM 583538103 6,755 1,528,242 SH Defined 1 X Newpark Res Inc COM 651718504 6,202 1,053,000 SH Defined 1 X Oceaneering Int Inc COM 675232102 270 7,200 SH Defined 1 X Oil Service HOLDRS TR Depostry 678002106 7,215 74,960 SH Defined 1 X Rcpt Oil Service HOLDRS TR Put 678002956 438 2,500 SH Put Defined 1 X Oil Sts Intl Inc COM 678026105 279 13,600 SH Defined 1 X Orbotech Ltd ORD M75253100 716 32,700 SH Defined 1 X Rewards Network Inc COM 761557107 335 80,490 SH Defined 1 X SPDR TR Unit Ser 1 78462F103 8,189 69,424 SH Defined 1 X SPDR TR Unit Ser 1 78462F103 52 437 SH Defined X Superior Energy Svcs Inc COM 868157108 361 21,000 SH Defined 1 X Tetra Tech Inc NEW COM 88162G103 50 4,000 SH Defined 1 X TRC Cos Inc COM 872625108 2,251 153,107 SH Defined 1 X Waste Connections Inc COM 941053100 136 3,900 SH Defined 1 X W-H Energy Svcs Inc COM 92925E108 287 12,000 SH Defined 1 X