13F-HR 1 sfc178250.txt FORM 13F - HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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 November 10, 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: 28 Form 13F Information Table Value Total: $97,993 (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 Voting Authority Market or ------------------ 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 ----------------------- ----------- --------- --------- --------- --- ---- ---------- -------- ---- ------ ---- Allied Waste Inds Inc COM 019589308 62 7,300 SH Defined 1 X Cal Dive Int Inc COM 127914109 17,273 272,400 SH Defined 1 X Casella Waste Sys Inc CL A 147448104 95 7,200 SH Defined 1 X Champion Enterprises Inc COM 158496109 118 8,000 SH Defined 1 X Cooper Cameron Corp COM 216640102 2,025 27,390 SH Defined 1 X Devry Inc DEL COM 251893103 116 6,100 SH Defined 1 X Euronet Worldwide Inc. COM 298736109 98 3,300 SH Defined 1 X Faro Technologies Inc COM 311642102 505 25,900 SH Defined 1 X FLIR Sys Inc COM 302445101 716 24,200 SH Defined 1 X Input/Output Inc COM 457652105 1,492 187,000 SH Defined 1 X Ishares TR Russell 464287655 12,780 192,500 SH Put Defined 1 X 2000 ITT Educational Services COM 45068B109 109 2,200 SH Defined 1 X Inc Mechanical Technology Inc COM 583538103 1,929 499,700 SH Defined 1 X Newpark Res Inc COM 651718504 28,243 3,354,276 SH Defined 1 X Oceaneering Int Inc COM 675232102 385 7,200 SH Defined 1 X Oil Service HOLDRS TR Depostry 678002106 9,295 74,960 SH Defined 1 X Rcpt Oil Service HOLDRS TR Depostry 678002106 14,756 119,000 SH Call Defined 1 Rcpt Oil Sts Intl Inc COM 678026105 494 13,600 SH Defined 1 X Orbotech Ltd ORD M75253100 818 32,700 SH Defined 1 X NASDAQ 100 TR Unit Ser 1 631100104 1,736 44,000 SH Defined X Plug Power Inc COM 72919P103 99 14,500 SH Defined 1 X SPDR TR Unit Ser 1 78462F103 3,532 28,708 SH Defined 1 X SPDR TR Unit Ser 1 78462F103 55 444 SH Defined X Superior Energy Svcs Inc COM 868157108 485 21,000 SH Defined 1 X Tetra Tech Inc NEW COM 88162G103 67 4,000 SH Defined 1 X TRC Cos Inc COM 872625108 184 11,786 SH Defined 1 X Waste Connections Inc COM 941053100 137 3,900 SH Defined 1 X W-H Energy Svcs Inc COM 92925E108 389 12,000 SH Defined 1 X