13F-HR 1 bcmf20073q.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: 09/30/2007 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 11/12/2007 (Signature) (City,State) (Date) Report Type (Check only one.): (x) 13F HOLDINGS REPORT. ( ) 13F NOTICE. ( ) 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Report Summary: Numbers of other included Managers: 0 Form 13F Information Table Entry Total: 119 Form 13F TABLE Value Total: $101,055,527 FORM 13 F INFORMATION TABLE NAME OF TITLE OF VALUE SHRS/ SH/ PUT/ INVS OTH VOTG AUTHY ISSUER CLASS CUSIP (*$1000) PRMT PRN CALL DSCR MGR SOLE SHRD NONE -------------------------------- -------------------- ------------ ---------------------------- ABBOTT LABS COM 002824100 413 7700 SH SOLE 0 0 7700 AIRTRAN COM 00949p108 527 53600 SH SOLE 0 0 53600 ALLSTATE COM 020002101 257 4500 SH SOLE 0 0 4500 AMERICAMOVIL ADR 02364w105 614 9600 SH SOLE 0 0 9600 AMERINTL GRP COM 026874107 917 13550 SH SOLE 0 0 13550 ANHEUSER COM 035229103 4156 83130 SH SOLE 0 0 83130 APACHE COM 037411105 1184 13150 SH SOLE 0 0 13150 BNCBRADESCO ADR 059460303 564 19200 SH SOLE 0 0 19200 BANCO ITAU ADR 059602201 253 5000 SH SOLE 0 0 5000 BANCOLOMBIA ADR 05968l102 329 9500 SH SOLE 0 0 9500 BARRICKGOLD COM 067901108 230 5700 SH SOLE 0 0 5700 BERKSHR HTHY CL A 084670108 356 3 SH SOLE 0 0 3 BERKSHR HTHY CL B 084670207 2016 510 SH SOLE 0 0 510 BLCKRCK MUN COM 092474105 181 18200 SH SOLE 0 0 18200 BP PLC ADR 055622104 685 9873 SH SOLE 0 0 9873 BRISTOL MRS COM 110122108 318 11025 SH SOLE 4000 0 7025 BUENAVENTURA ADR 204448104 205 4300 SH SOLE 0 0 4300 CANON ADR 138006309 383 7050 SH SOLE 0 0 7050 CEMEX COM 151290889 1565 52296 SH SOLE 0 0 52296 CHEVRON COM 166764100 1286 13744 SH SOLE 0 0 13744 CHINA LIFE ADR 16939P106 259 3000 SH SOLE 0 0 3000 COMERICA INC COM 200340107 1569 30600 SH SOLE 0 0 30600 COMP DO RIO COM 204412209 1059 31200 SH SOLE 0 0 31200 CONOCOPHILLPS COM 20825c104 562 6407 SH SOLE 0 0 6407 COPA COM p31076105 845 21100 SH SOLE 0 0 21100 CNTRWDE FNCL COM 222372104 1793 94338 SH SOLE 4000 0 90338 DIAMONDFSHR COM 25271c102 1388 12250 SH SOLE 0 0 12250 DR HORTON COM 23331a109 1900 148283 SH SOLE 0 0 148283 DUPONT COM 263534109 462 9319 SH SOLE 0 0 9319 EAGLE MTRLS COM 26969p108 1858 52000 SH SOLE 0 0 52000 EMBRAER ADR 29081m102 413 9400 SH SOLE 0 0 9400 EXXON MOBIL COM 30231g102 2402 25947 SH SOLE 0 0 25947 FEDEX COM 31428x106 288 2750 SH SOLE 0 0 2750 FIFTH THIRD COM 316773100 1282 37850 SH SOLE 3000 0 34850 FIRST COMWLTH COM 319829107 166 15000 SH SOLE 0 0 15000 FIRSTMRBLHD COM 320771108 2012 53050 SH SOLE 0 0 53050 FEMEX ADR 344419106 514 13750 SH SOLE 0 0 13750 GAFISA ADR 362607301 533 15800 SH SOLE 0 0 15800 GENRL ELCTRC COM 369604103 1667 40260 SH SOLE 0 0 40260 GLAXO SMTH COM 37733w105 1061 19950 SH SOLE 1000 0 18950 GOL ADR 38045r107 734 30600 SH SOLE 0 0 30600 GRP ARPRT CNTR ADR 400501102 213 7400 SH SOLE 0 0 7400 GRUPO AERPTR ADR 40051e202 367 7400 SH SOLE 0 0 7400 GRUMAS ADR 400131306 170 13000 SH SOLE 0 0 13000 TELEVISA ADR 40049j206 348 14400 SH SOLE 0 0 14400 HARLEY-DAVDS COM 412822108 1059 22915 SH SOLE 0 0 22915 HB FULLER COM 359694106 326 11000 SH SOLE 0 0 11000 HEALTHCR PPTY COM 40414l109 1101 33200 SH SOLE 0 0 33200 HOME DEPOT COM 437076102 2253 69440 SH SOLE 0 0 69440 HOMEX ADR 25030w100 405 7300 SH SOLE 0 0 7300 HONDA MTRS ADR 438128308 781 23400 SH SOLE 0 0 23400 ISHRS JAPAN COM 464286848 174 12155 SH SOLE 0 0 12155 ISHRS SINGPR COM 464286673 169 11375 SH SOLE 10000 0 1375 JPN SML CAP FD COM 47109u104 430 41400 SH SOLE 0 0 41400 JHNSN & JHNSN COM 478160104 3834 58362 SH SOLE 0 0 58362 JOY GLOBAL COM 481165108 1849 36350 SH SOLE 0 0 36350 KEY CORP COM 493267108 317 9800 SH SOLE 0 0 9800 KRAFTFOODS COM 50075n104 1659 48084 SH SOLE 2500 0 45584 LEGG MASON COM 524901105 2927 34725 SH SOLE 0 0 34725 MARATHON OIL COM 565849106 1089 19100 SH SOLE 0 0 19100 MASCO CORP COM 574599106 1213 52350 SH SOLE 0 0 52350 MASISA SA ADR 574800108 122 10000 SH SOLE 0 0 10000 MERCK& CO COM 589331107 456 8813 SH SOLE 0 0 8813 MOTOROLA COM 620076109 1926 103950 SH SOLE 4000 0 99950 MUELLRWTR-A COM 624758108 1601 129250 SH SOLE 0 0 129250 MUELLRWTR-B COM 624758207 695 63200 SH SOLE 0 0 63200 NABORS COM g6359f103 2552 82940 SH SOLE 0 0 82940 NBRGR BRN RTY COM 64126g109 204 9800 SH SOLE 6000 0 3800 NEWMONTMNG COM 651639106 530 11850 SH SOLE 0 0 11850 NRFLK STHRN COM 655844108 1010 19450 SH SOLE 0 0 19450 PEABDY ENRGY COM 704549104 886 18500 SH SOLE 0 0 18500 PENWST ENRGY ADR 707885109 435 14000 SH SOLE 0 0 14000 PENTAIR COM 709631105 332 10000 SH SOLE 0 0 10000 PETROBRAS ADR 71654v408 1110 14700 SH SOLE 0 0 14700 PFIZER COM 717081103 2242 91776 SH SOLE 4500 0 87276 PROVDNT BNKS COM 743859100 1072 34230 SH SOLE 0 0 34230 QUEST DGNTCS COM 74834l100 4200 72700 SH SOLE 2000 0 70700 QUESTAR COM 748356102 210 4000 SH SOLE 0 0 4000 ROYL DTCH-A COM 780259206 1566 19050 SH SOLE 0 0 19050 ROYL DTCH-B ADR 780259107 236 2872 SH SOLE 0 0 2872 STARBUCKS COM 855244109 328 12500 SH SOLE 0 0 12500 STRTTRKS GLD COM 863307104 1327 18050 SH SOLE 0 0 18050 TROWE PRICE COM 74144t108 1777 31900 SH SOLE 0 0 31900 TAM ADR 87484d103 611 22300 SH SOLE 0 0 22300 TELENORTE ADR 879246106 328 14600 SH SOLE 0 0 14600 TMPLTN EMG M COM 880192109 251 17800 SH SOLE 0 0 17800 TIFFANY COM 886547108 1903 36350 SH SOLE 0 0 36350 ULTRSHRT DW30 COM 74347r867 4025 86775 SH SOLE 0 0 86775 UNIBANCO ADR 90458e107 342 2600 SH SOLE 0 0 2600 UNITED HEALTH COM 91324p102 562 11600 SH SOLE 0 0 11600 UNITRIN COM 913275103 1909 38500 SH SOLE 0 0 38500 VALERO ENRGY ADR 91913y100 363 5400 SH SOLE 0 0 5400 VERIZON COM 92343v104 375 8466 SH SOLE 0 0 8466 VORNADO COM 929042109 1010 9233 SH SOLE 0 0 9233 WALMEX COM 93114w107 220 6000 SH SOLE 0 0 6000 WSHNGTN MTL COM 939322103 964 27300 SH SOLE 0 0 27300 WEINGRTN RLTY COM 948741103 665 16050 SH SOLE 0 0 16050 WERNER ENTRP COM 950755108 1163 67800 SH SOLE 0 0 67800 APA OCT 85 CALL 0374119jq -15 -25 0 CALL SOLE 0 0 -25 CFC OCT 20 CALL 2223729jd -1 -20 0 CALL SOLE -20 0 0 CFC OCT 42 1/2 CALL 2223729jv -1 -257 0 CALL SOLE 0 0 -257 GOL OCT 30 CALL 38045r9jf 0 -10 0 CALL SOLE 0 0 -10 JOYG OCT 55 CALL 4811659k -2 -40 0 CALL SOLE 0 0 -40 WM OCT 45 CALL 9393229ji 0 -74 0 CALL SOLE 0 0 -74 WRI OCT 50 CALL 9487419jj 0 -40 0 CALL SOLE 0 0 -40 WM OCT 45 CALL 9393229ji 0 -35 0 CALL SOLE 0 0 -35 XL OCT 75 CALL g982559jo -8 -16 0 CALL SOLE 0 0 -16 AIG NOV 70 CALL 0268749kn -6 -49 0 CALL SOLE 0 0 -40 AIG NOV 75 CALL 0268749KO 0 -5 0 CALL SOLE 0 0 -5 BTU DEC 60 CALL 7045499ll -4 -70 0 CALL SOLE 0 0 -70 CVX DEC 95 CALL 1667649ls -2 -5 0 CALL SOLE 0 0 -5 GE DEC 40 CALL 3696049lh -12 -45 0 CALL SOLE 0 0 -45 PWE DEC 35 CALL 7078859lg 0 -5 0 CALL SOLE 0 0 -5 UNH DEC 55 CALL 91324p9lk -1 -21 0 CALL SOLE 0 0 -21 VLO DEC 80 CALL 91913y9lp -1 -8 0 CALL SOLE 0 0 -8 VNO DEC 120 CALL 9290429ld -5 -35 0 CALL SOLE 0 0 -35 DEVON 4.95 8/08 DEB 25179mab9 912 525000 PRN SOLE 0 0 525000 CSTCO ZRCV 8/17 NOTE 22160qac6 516 370000 PRN SOLE 0 0 370000 SPRCR ZRCV10/24 DEB 817315Aw4 290 325000 PRN SOLE 0 0 325000