Here's the overall short portfolio from a few months back from our friends at the Prudent Bear.
Fair number of biotechs, including CLTR.
Of course their fund has been imploding, so their impact should be lessening.
Peter
SCHEDULE OF SECURITIES SOLD SHORT
MARCH 31, 1999
(UNAUDITED)
SHARES VALUE
------ -----
40,000 Action Performance Companies, Inc. $ 1,205,000
16,600 Advanced Energy Industries, Inc. 391,137
70,000 AmeriCredit Corp. 918,750
19,500 Apollo Group,Inc. - Class A 582,562
30,000 Apple Computer, Inc. 1,078,125
35,000 Applied Materials, Inc. 2,159,062
15,000 Associates First Capital Corporation - Class A 675,000
87,500 Baan Company, N.V. 751,953
50,000 Bally Total Fitness Holding Corporation 1,193,750
20,000 Bank One Corporation 1,101,250
23,948 BankAmerica Corporation 1,691,327
25,000 Barnes & Noble, Inc. 803,125
25,000 Beyond.com Corporation 654,687
13,400 Blue Rhino Corporation 175,875
1,000 Books-A-Million, Inc. 10,187
15,000 Boston Scientific Corporation 608,437
17,000 CMAC Investment Corporation 663,000
3,200 CalEnergy Company, Inc. 89,600
87,500 Cell Pathways, Inc. 650,781
3,000 Cellular Technical Services Company, Inc. 6,750
7,000 Centocor, Inc. 258,562
18,000 The Chase Manhattan Corporation 1,463,625
105,100 Chesapeake Energy Corporation 151,081
64,000 CIENA Corporation 1,440,000
23,500 Citigroup Inc. 1,501,063
25,000 Citrix Systems, Inc. 953,125
24,500 Coca-Cola Enterprises Inc. 741,125
10,000 Coinmach Laundry Corporation 102,500
45,000 Compaq Computer Corporation 1,425,938
105,100 Computer Learning Centers, Inc. 558,344
80,000 Coulter Pharmaceutical, Inc. 1,740,000
15,000 Creative Computers, Inc. 451,875
170,000 Credit Acceptance Corporation 966,875
52,500 Dal-Tile International Inc. 475,781
115,000 Dell Computer Corporation 4,700,625
41,200 Digital River, Inc. 1,648,000
57,400 Doral Financial Corporation 1,054,725
50,000 Duane Reade Inc. 1,393,750
25,000 Elan Corporation plc - ADR 1,743,750
28,000 Fidelity National Financial, Inc. 420,000
33,100 First Alliance Corporation 119,988
15,000 First Tennessee National Corporation 549,375
20,200 FIRSTPLUS Financial Group,Inc. 11,363
100,000 Full House Resorts, Inc. 225,000
40,000 Gateway 2000, Inc. 2,742,500
SHARES VALUE
------ -----
14,400 Global TeleSystems Group, Inc. $ 805,500
27,000 Guitar Center, Inc. 551,813
46,500 HNC Software Inc. 1,522,875
20,000 Hollis-Eden Pharmaceuticals, Inc. 362,500
5,000 Household International, Inc. 228,125
146,660 Image Entertainment, Inc. 861,628
170,000 The Immune Response Corporation 1,498,125
26,500 International Isotopes Inc. 245,125
133,000 Isis Pharmaceuticals, Inc. 1,197,000
22,600 JB Oxford Holdings, Inc. 163,850
37,000 Jabil Circuit, Inc. 1,498,500
60,000 Kulicke and Soffa Industries, Inc. 1,515,000
16,500 Labor Ready, Inc. 430,031
40,000 Lam Research Corporation 1,160,000
5,000 Legato Systems, Inc. 258,125
14,400 Long Beach Financial Corporation 138,600
30,000 Lyondell Chemical Company 410,625
19,000 MBIA, Inc. 1,102,000
35,000 MBNA Corporation 835,625
30,000 MGIC Investment Corporation 1,051,875
49,600 MacroChem Corporation 465,000
44,359 Metris Companies Inc. 1,790,995
10,000 Micrel, Incorporated 500,625
62,000 Microchip Technology, Incorporated 2,146,750
25,000 Micron Technology, Inc. 1,206,250
119,500 Miravant Medical Technologies 821,563
5,000 National City Corporation 331,875
25,000 Network Associates, Inc. 767,188
10,000 New Era of Networks, Inc. 677,500
5,000 Northern Telecom Limited 310,625
70,000 Novoste Corporation 1,680,000
43,700 NVIDIA Corporation 923,163
33,000 Ocwen Financial Corporation 290,813
89,700 Organogenesis Inc. 1,037,156
50,000 Outdoor Systems, Inc. 1,500,000
34,700 PLC Systems Inc. 86,750
25,000 The PMI Group, Inc. 1,159,375
5,000 PRI Automation,Inc. 105,000
40,000 Paging Network, Inc. 187,500
78,900 PathoGenesis Corporation 1,050,356
5,000 Presstek, Inc. 39,375
10,000 Prodigy Communications Corporation 383,750
5,830 Quintiles Transnational Corp. 220,083
40,000 Rambus Inc. 2,575,000
See notes to the financial statements.
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PRUDENT BEAR FUND
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SCHEDULE OF SECURITIES SOLD SHORT (CONT.)
MARCH 31, 1999
(UNAUDITED)
SHARES VALUE
------ -----
20,000 Sanmina Corporation $1,275,000
50,000 SAP AG - ADR 1,315,625
30,000 Seagate Technology, Inc. 886,875
20,000 Shared Medical Systems Corporation 1,113,750
15,000 Siebel Systems, Inc. 712,500
9,800 Southern Pacific Funding Corporation 1,531
20,000 STERIS Corporation 532,500
10,000 STMicroelectronics N.V. - NYS 971,250
126,500 Sunbeam Corporation 703,656
71,000 Telefonaktiebolaget LM Ericsson - ADR 1,690,688
16,200 Templeton Russia Fund 184,275
56,600 Transcrypt International, Inc. 134,425
50,000 Trimeris, Inc. 637,500
110,000 Trump Hotels & Casino Resorts, Inc. 440,000
29,900 United Companies Financial Corporation 10,764
27,500 Veeco Instruments Inc. 1,015,781
106,000 Vimpel-Communications - ADR 1,643,000
73,400 VIVUS, Inc. 293,600
100,000 WEBS-Hong Kong 975,000
4,200 Zenith Electronics Corporation 1,659
------------
TOTAL SECURITIES SOLD SHORT
(Proceeds $100,601,109) $92,882,321
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