13F-HR 1 bcmf20063q.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: 09/30/2006 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: Baltimore Capital Management, Inc. Address: 575 S. Charles St., Suite 506 Baltimore, MD 21202 Form 13F File Number: 28-11596 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 inofrmation 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: Linda Gibson Hickel Title: Vice President Phone: 410-727-4480 Signature, Place, and Date of Signing: Linda Gibson Hickel Baltimore, MD 11/02/2006 (Signature) (City,State) (Date) Report Type (Check only one.): (x) 13F HOLDINGS REPORT. FORM 13F SUMMARY PAGE ( ) 13F NOTICE. ( ) 13F COMBINATION REPORT Report Summary: Number of other Included Mangers: 0 Form 13F Information Table Entry Total: 133 Form 13F table Value Total: $86,651 FORM 13 F NAME OF TITLE OF VALUE SHARES/ SH/ PUT/ INVS OTH VOTG AUTHY ISSUER CLASS CUSIP (*$1000) PRMT PRN CALL DSCR MGR SOLE SHRD NONE -------------------------------- -------------------- ------------ ---------------------------- ABBOTT LABS COM 002824100 605 12450 SH SOLE 0 0 12450 AMER INTL GRP COM 026874107 1693 25550 SH SOLE 0 0 25550 AMERICA MOVIL ADR 02364w105 417 10600 SH SOLE 0 0 10600 ANHEUSER BSH COM 035229103 4389 92380 SH SOLE 0 0 92380 APACHE CORP COM 037411105 872 13800 SH SOLE 0 0 13800 APPLEBEES COM 037899101 611 28400 SH SOLE 0 0 28400 AT&T CORP COM 001957505 1356 41651 SH SOLE 0 0 41651 AVIS BUDGET EQUITY 053774105 256 13990 SH SOLE 0 0 13990 BANCOBRADESCO ADR 059460303 320 9600 SH SOLE 0 0 9600 BANCOLOMBIA ADR 05968l102 343 12000 SH SOLE 0 12000 BARRICKGOLD ADR 067901108 258 8400 SH SOLE 0 0 8400 BERKSHRE HTHWY CLB 084670207 1841 580 SH SOLE 0 0 580 BERKSHRE HTHWY CLA 084670108 287 3 SH SOLE 0 0 3 BLACKROCK INSD COM 092474105 178 18200 SH SOLE 0 0 18200 BLOCK H & R COM 093671105 641 29500 SH SOLE 0 0 29500 BP PLC ADR 055622104 545 8306 SH SOLE 0 0 8306 BRISTOL MYERS COM 110122108 934 37475 SH SOLE 4000 0 33475 CANONINC ADR 138006309 392 7500 SH SOLE 0 0 7500 CEMEX SA ADR 151290889 1197 39805 SH SOLE 0 0 39805 CHEVRON CORP NEWCOM 166764100 842 12984 SH SOLE 0 0 12984 COHEN & STEERS COM 19247l106 327 13600 SH SOLE 0 0 13600 COMERICA INC ADR 200340107 492 8650 SH SOLE 0 0 8650 COMP SIDRURGA ADR 20440w105 296 10400 SH SOLE 0 0 10400 COMP VALE RIO ADR 204412209 379 17600 SH SOLE 0 0 17600 CONOCOPHILLIPS COM 20825c104 244 4100 SH SOLE 0 0 4100 COUNTRWDE FINC COM 222372104 2214 63183 SH SOLE 0 0 63183 D R HORTON INC COM 23331a109 3284 137116 SH SOLE 4000 0 133116 DES HOMEX SA ADR 25030w100 351 9300 SH SOLE 0 0 9300 DU PONT COM 263534109 571 13319 SH SOLE 0 0 13319 EMBRAER ADR 29081m102 369 9400 SH SOLE 0 0 9400 EXXON MOBIL COM 30231g102 1363 20310 SH SOLE 0 0 20310 FEDEX CORP COM 31428x106 804 7400 SH SOLE 0 0 7400 FIFTH THRD BANC COM 316773100 318 8350 SH SOLE 3000 0 5350 FIRST COMWLTH COM 319829107 215 16500 SH SOLE 0 0 16500 FLORIDA ROCK COM 341140101 763 19700 SH SOLE 0 0 19700 FEMEX ADR 344419106 616 6350 SH SOLE 0 0 6350 GALLGHR ARTHR COM 363576109 755 28300 SH SOLE 0 0 28300 GANNETT COM 364730101 352 6200 SH SOLE 0 0 6200 GENRL ELCTRC COM 369604103 1876 53150 SH SOLE 0 0 53150 GENUINE PARTS COM 372460105 280 6500 SH SOLE 0 0 6500 GOL LINHAS ADR 38045r107 649 18900 SH SOLE 0 0 18900 ASUR ADR 40051e202 354 9500 SH SOLE 0 9500 TELEVISA ADR 40049j206 306 14400 SH SOLE 0 0 14400 HANCK JHN BK&TR COM 409735107 190 19500 SH SOLE 13000 0 6500 HARLEY DAVDSN COM 412822108 2970 47330 SH SOLE 0 47330 HB FULLER COM 359694106 328 14000 SH SOLE 0 0 14000 HEALTH CRE PPTY COM 421915109 956 30800 SH SOLE 0 0 30800 HOME DEPOT COM 437076102 2555 70438 SH SOLE 0 0 70438 HONDA MTRS ADR 438128308 499 14850 SH SOLE 0 0 14850 INTEL CORP COM 458140100 1135 55200 SH SOLE 0 0 55200 IBM COM 459200101 221 2700 SH SOLE 0 0 2700 ISHRSMSC JPN IDXCOM 464286848 169 12455 SH SOLE 8700 0 3755 ISHRSFTSE XINHUACOM 464287184 409 5025 SH SOLE 0 0 5025 ISHRSS&P LTN AMRCOM 464287390 320 2250 SH SOLE 0 0 2250 J&J COM 478160104 1762 27133 SH SOLE 0 0 27133 KEYCORP COM 493267108 389 10400 SH SOLE 0 0 10400 LAN AIR ADR 501723100 274 7200 SH SOLE 0 0 7200 LEGG MASN COM 524901105 678 6725 SH SOLE 1000 0 5725 LBRTY PPTY TR COM 531172104 346 7250 SH SOLE 0 0 7250 MARTHN OIL COM 565849106 1469 19100 SH SOLE 0 0 19100 MASCO COM 574599106 1075 39200 SH SOLE 0 0 39200 MERCK COM 589331107 2240 53464 SH SOLE 0 0 53464 OSI REST COM 67104a101 303 9550 SH SOLE 4000 0 5550 PACCAR COM 693718108 1826 32025 SH SOLE 0 0 32025 PEABODY ERG COM 704549104 522 14200 SH SOLE 0 0 14200 PENTAIR COM 709631105 340 13000 SH SOLE 0 0 13000 PETROCHINA ADR 71646e100 248 2300 SH SOLE 0 0 2300 PETROBRAS ADR 71654v408 826 9850 SH SOLE 0 0 9850 PFIZER COM 717081103 1466 51676 SH SOLE 0 0 51676 TROWE PRC COM 74144t108 1818 38000 SH SOLE 0 0 38000 REALOGY COM 75605e100 814 35900 SH SOLE 0 0 35900 ROYL DTCH SHLL AADR 780259107 261 3824 SH SOLE 0 0 3824 ROYL DTCH SHLL BADR 780259206 2535 38350 SH SOLE 0 0 38350 SOUTHWEST AIR COM 844741108 1626 97600 SH SOLE 0 0 97600 STARBUCKS COM 855244109 468 13750 SH SOLE 0 0 13750 STRTTRCKSGOLD COM 863307104 1121 18850 SH SOLE 0 0 18850 STRTRCKSHMBLDRS COM 86330e745 221 6750 SH SOLE 0 0 6750 SUNTRUST COM 867914103 379 4900 SH SOLE 0 0 4900 SUSQUHNBANCSHRS COM 869099101 876 35850 SH SOLE 0 0 35850 TELE NRTE LSTE ADR 879246106 192 14000 SH SOLE 0 0 14000 TEMPLT EMRG MKTSCOM 880192109 255 19100 SH SOLE 0 0 19100 TENARIS ADR 88031m109 361 10200 SH SOLE 0 0 10200 TEXAS IND COM 882491103 435 8350 SH SOLE 0 0 8350 TIFFANY COM 886547108 2321 69900 SH SOLE 3000 0 66900 UNIBANCO ADR 90458e107 377 5100 SH SOLE 0 0 5100 UNITEDHLTH COM 91324p102 763 15500 SH SOLE 2000 0 13500 UNITRIN COM 913275103 930 21050 SH SOLE 0 0 21050 VALERO ENGY COM 91913Y100 474 9200 SH SOLE 0 0 9200 VERIZON COM 92343v104 2158 58116 SH SOLE 0 0 58116 VORNADO COM 929042109 1481 13583 SH SOLE 0 0 13583 WASHINGTONMTL COM 939322103 1282 29500 SH SOLE 2000 0 27500 WEINGARTEN COM 948741103 761 17700 SH SOLE 0 0 17700 WERNER ENTRP COM 950755108 2444 130600 SH SOLE 0 0 130600 WEST MARINE COM 954235107 140 10000 SH SOLE 0 0 10000 WILMNGTN TR COM 971807102 276 6200 SH SOLE 0 0 6200 WORTHINGTON COM 981811102 427 25000 SH SOLE 0 0 25000 WYNDHWRLDWDE COM 98310w108 787 28120 SH SOLE 0 0 28120 AGI NOV 65 CALL 0268749km -8 -35 SH CALL SOLE 0 0 -35 APPB NOV @25 CALL 0378999ke 0 -90 SH CALL SOLE 0 0 -90 AT&T Jan 30 CALL 00206s9af -29 -98 SH CALL SOLE 0 0 -98 AT&T OCT 30 CALL 00206r9jf -43 -170 SH CALL SOLE 0 0 -170 BAC NOV 50 CALL 0605059kj -11 -25 SH CALL SOLE 0 0 -25 CFC OCT 42.5 CALL 2223729jv -1 -125 SH CALL SOLE 0 0 -125 FDX OCT 105 CALL 31428x9ja -15 -30 SH CALL SOLE 0 0 -30 GE DEC 35 CALL 3696049lg -6 -43 SH CALL SOLE 0 0 -43 HOG NOV 60 CALL 4128239kl -66 -144 SH CALL SOLE 0 0 -144 HOG NOV 62.5 CALL 4128229kz -16 -50 SH CALL SOLE 0 0 -50 HB FUL NOV 20 CALL 3596949kd -11 -30 SH CALL SOLE 0 0 -30 IBM OCT 85 CALL 4592009jq 0 -7 SH CALL SOLE 0 0 -7 LM OCT 100 CALL 5249019jt -3 -10 SH CALL SOLE 0 0 -10 MRO OCT 100 CALL 5658499jt 0 -20 SH CALL SOLE 0 0 -20 MRK OCT 40 CALL 5893319jh -38 -170 SH CALL SOLE 0 0 -170 PCAR NOV56 5/8 CALL 6937199kx -23 -90 SH CALL SOLE 0 0 -90 BTU DEC 75 CALL 7045499lo 0 -70 SH CALL SOLE 0 0 -70 RDSA OCT 70 CALL 78025a9jn -2 -83 SH CALL SOLE 0 0 -83 SLM OCT 55 CALL 78442p9jk 0 -15 SH CALL SOLE 0 0 -15 SML OCT 60 CALL 78442p9jl 0 -10 SH CALL SOLE 0 0 -10 LUV DEC 17.5 CALL 8447419lw -14 -237 SH CALL SOLE 0 0 -237 STI OCT 80 CALL 8679149jp -1 -24 SH CALL SOLE 0 0 -24 TXI OCT 60 CALL 8824919jl 0 -40 SH CALL SOLE 0 0 -40 TXI JAN 60 CALL 8824919al -3 -18 SH CALL SOLE 0 0 -18 UNH DEC 55 CALL 91324p9lk -1 -15 SH CALL SOLE 0 0 -15 VLO DEC 70 CALL 91913y9ln -1 -32 SH CALL SOLE 0 0 -32 VZ APR 40 CALL 92343v9dh -13 -162 SH CALL SOLE 0 0 -162 WM OCT 47.5 CALL 9393229JW -1 -109 SH CALL SOLE 0 0 -109 WERN DEC 22.5 CALL 9507559lx 0 -34 SH CALL SOLE 0 0 -34 WOR DEC 22.5 CALL 9818119lx -1 -103 SH CALL SOLE 0 0 -103 CSTCO ZROCV 8/17NOTE 22160qac6 418 370000 PRN SOLE 0 0 370000 DVN ENR4.95 8/08DEB 25179mab9 706 575000 PRN SOLE 0 0 575000 HP SB ZRO 10/17 LYON 428236ac7 466 685000 PRN SOLE 0 0 685000 MDTRNC1.25% 9/21DEB 585055ab2 200 200000 PRN SOLE 0 0 200000 NXTL 5.25% 1/10 NOTE 65332vay9 197 200000 PRN SOLE 0 0 200000 SPRCR ZROCV10/24DEB 817315AW4 317 325000 PRN SOLE 0 0 325000