13F-HR 1 b311172_13fhr.txt 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: 3/31/2001 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: Kramer Spellman LP Address: 237 Park Ave. New York, NY 10017 Form 13F File Number: 28-_____________ 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: Christopher Trapp Title: Account Executive Phone: 212-251-3134 Signature, Place, and Date of Signing: /s/ CHRISTOPHER TRAPP N.Y., NY 4/27/01 --------------------- ------------- ------- [Signature] [City, State] [Date] Report Type (Check one only): [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-___________________________ _______________________________________ [Repeat as necessary.]
------------------------------------------------------------------------------------------------------------------------------------ VALUATION CURRENCY: USD ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVEST DISC. MANA- VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP FAIR SHARES OF GERS OF NUMBER MARKET PRINCIPAL CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ AMBASE CORP OTC EQ 023164106 584,264 953,900 N X KRAM 953,900 ADVANTA CORP-CL B NON-VTG OTC EQ 007942204 205,313 15,000 N X KRAM 15,000 AMERICAN HOME MTG HLDGS IN OTC EQ 02660M108 150,000 20,000 N X KRAM 20,000 *** NT BUTTERFIELD OTC EQ G0772R109 466,176 19,200 N X KRAM 19,200 BANK OF BERMUDA LTD FSTK 2109994 1,759,200 36,650 N X KRAM 36,650 BUDGET GROUP INC - CL A COMMON 119003101 345,800 190,000 N X KRAM 190,000 COMPUCREDIT CORP OTC EQ 20478N100 451,875 60,000 N X KRAM 60,000 COMDISCO INC COMMON 200336105 280,000 35,000 N X KRAM 35,000 DEVX ENERGY INC. OTC EQ 25189P203 1,933,438 230,000 N X KRAM 230,000 EFUNDS CORP OTC EQ 28224R101 847,000 44,000 N X KRAM 44,000 FOG CUTTER CAPITAL GROUP I OTC EQ 34416Q109 642,688 293,800 N X KRAM 293,800 FIRST FINANCIAL FUND INC COMMON 320228109 137,738 12,200 N X KRAM 12,200 FIRST INVESTORS FINANCIAL OTC EQ 32058A101 466,819 115,800 N X KRAM 115,800 FRANKLIN BANK N.A. OTC EQ 352456107 320,313 25,000 N X KRAM 25,000 GALILEO INTERNATIONAL INC COMMON 363547100 1,664,400 76,000 N X KRAM 76,000 GLOBAL TELESYSTEMS INC COMMON 37936U104 3,057,632 4,023,200 N X KRAM 4,023,200 HAWTHORNE FINANCIAL CORP OTC EQ 420542102 170,000 10,000 N X KRAM 10,000 INFONET SERVICES CORP CL B COMMON 45666T106 497,420 74,800 N X KRAM 74,800 JOHN NUVEEN CO-CL A COMMON 478035108 253,800 4,700 N X KRAM 4,700 LNR PROPERTY CORP COMMON 501940100 442,260 15,600 N X KRAM 15,600 METRIS COMPANIES INC COMMON 591598107 1,196,928 57,600 N X KRAM 57,600 NAVISTAR INTERNATIONAL COR COMMON 63934E108 228,000 10,000 N X KRAM 10,000 NORTH VALLEY BANCORP-CALIF OTC EQ 66304M105 806,250 60,000 N X KRAM 60,000 ------------- 16,907,314.00
------------------------------------------------------------------------------------------------------------------------------------ VALUATION CURRENCY: USD ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 INVEST DISC. MANA- VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP FAIR SHARES OF GERS OF NUMBER MARKET PRINCIPAL CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE (A) (B) (C) (A) (B) (C) ------------------------------------------------------------------------------------------------------------------------------------ OCWEN FINANCIAL CORP COMMON 675746101 825,296 97,208 N X KRAM 97,208 OLD STONE CORP-12% CONV PF OTC EQ 680293305 142,350 21,900 N X KRAM 21,900 PACIFIC CREST CAPITAL INC OTC EQ 694166109 362,100 20,400 N X KRAM 20,400 PORT FINANCIAL CORP OTC EQ 734119100 1,220,925 66,900 N X KRAM 66,900 PACIFIC UNION BANK CALIF OTC EQ 695025106 906,500 78,400 N X KRAM 78,400 PXRE GROUP LTD BERMUDA COMMON G73018106 442,800 27,000 N X KRAM 27,000 RYDER SYSTEM INC COMMON 783549108 636,846 35,400 N X KRAM 35,400 RAIT INVESTMENT TRUST COMMON 749227104 806,715 58,500 N X KRAM 58,500 REVLON INC-CL A COMMON 761525500 438,872 95,200 N X KRAM 95,200 RESOURCE AMERICA INC NEW OTC EQ 761195205 2,066,796 194,522 N X KRAM 194,522 ISTAR FINANCIAL INC COMMON 45031U101 486,777 21,100 N X KRAM 21,100 SILICON VALLEY BANCSHARES OTC EQ 827064106 235,000 10,000 N X KRAM 10,000 MOOLEN (VAN DER) FSTK 5356593 342,975 3,700 N X KRAM 3,700 WACHOVIA CORP NEW COMMON 929771103 253,050 4,200 N X KRAM 4,200 WASHINGTON GROUP INTL INC COMMON 938862109 351,000 225,000 N X KRAM 225,000 ------------- PAGE COLUMN TOTALS 9,518,002.00 ------------- AGGREGATE COLUMN TOTALS 26,425,316.00 =============