13F-HR 1 bcm20082q.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: 06/30/2008 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 08/14/2008 (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: 98 "Form 13F TABLE Value Total: $ 69,406,586 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 LAB COM 002824100 418 7900 SH SOLE 0 0 7900 AIG COM 026874107 967 36550 SH SOLE 0 0 36550 ALLSTATE COM 020002101 141 3100 SH SOLE 0 0 3100 AMERICA MOVIL ADR 02364w105 580 11000 SH SOLE 0 0 11000 AMRCN EAGLE COM 02553e106 1385 101650 SH SOLE 2500 0 99150 ANHEUSR BSH COM 035229103 2187 35200 SH SOLE 0 0 35200 APACHE COM 037411105 400 2875 SH SOLE 0 0 2875 BANCO ITAU ADR 059602201 254 12500 SH SOLE 0 0 12500 BANCOLOMBIA ADR 05968l102 576 18350 SH SOLE 0 0 18350 BARRICK GLD COM 067901108 191 4200 SH SOLE 0 0 4200 BLCKRCK I MUN COM 092474105 183 18200 SH SOLE 0 0 18200 BNCO BRDSCO ADR 059460303 430 21000 SH SOLE 0 0 21000 BP PLC ADR 055622104 446 6416 SH SOLE 0 0 6416 BRISTOL MYERS COM 110122108 240 11675 SH SOLE 4000 0 7675 BRKSHRE HTHWY CLB 084670207 1878 468 SH SOLE 0 0 468 BRKSHRE HTHWY CLA 084670108 362 3 SH SOLE 0 0 3 BUENVNTRA ADR 204448104 261 4000 SH SOLE 0 0 4000 CANON ADR 138006309 302 5900 SH SOLE 0 0 5900 CEMEX COM 151290889 1911 77384 SH SOLE 4145 0 77384 CHEVRON COM 166764100 1115 11250 SH SOLE 0 0 11250 COCA COLA COM 191216100 293 5641 SH SOLE 0 0 5641 COMERICA COM 200340107 1183 46150 SH SOLE 0 0 46150 CONCPHLLPS COM 20825c104 576 6107 SH SOLE 0 0 6107 COPA ADR p31076105 793 28150 SH SOLE 0 0 28150 D R HORTON COM 23331a109 996 91800 SH SOLE 0 0 91800 DMND OFFSHRE COM 25271c102 922 6625 SH SOLE 0 0 6625 DU PONT COM 263534109 463 10800 SH SOLE 0 0 10800 EAGLE MATRLS COM 26969p108 1259 49700 SH SOLE 0 0 49700 EMBRAER ADR 29081m102 239 9000 SH SOLE 0 0 9000 EXXON MOBIL COM 30231g102 1518 17225 SH SOLE 0 0 17225 FEDEX COM 31428x106 390 4950 SH SOLE 0 0 4950 FEMEX COM 344419106 460 10100 SH SOLE 0 0 10100 FIFTH THRD BNC COM 316773100 310 30450 SH SOLE 0 0 30450 FIRST COMWLTH COM 319829107 98 10500 SH SOLE 0 0 10500 GAFISA ADR 362607301 206 6000 SH SOLE 0 0 6000 GENERAL ELCTRC COM 369604103 2497 93560 SH SOLE 3500 0 90060 GLAXSMTHKLN ADR 37733w105 907 20500 SH SOLE 0 0 20500 GR ARPRT CNTRO ADR 400501102 166 10000 SH SOLE 0 0 10000 GRP ARPRTR SUR ADR 40051e202 361 7000 SH SOLE 0 0 7000 GRP TELEVISA ADR 40049j206 307 13000 SH SOLE 0 0 13000 GRUMAS ADR 400131306 130 12000 SH SOLE 0 0 12000 HARLY DAVIDSN COM 412822108 699 19265 SH SOLE 0 0 19265 HCP COM 40414l109 499 15700 SH SOLE 0 0 15700 HOMEX ADR 25030w100 410 7000 SH SOLE 0 0 7000 HONDA MTRS ADR 438128308 783 23000 SH SOLE 0 0 23000 ISHARES JAPAN COM 464286848 426 34151 SH SOLE 0 0 34151 ISHRES S KOREA COM 464286772 738 14462 SH SOLE 0 0 14462 ISHRS SINGPRE COM 464286673 150 12075 SH SOLE 10000 0 2075 JAPAN SML CAP COM 47109u104 302 32300 SH SOLE 0 0 32300 JHNSN & JHNSN COM 478160104 2912 45262 SH SOLE 0 0 45262 JOY GLOBAL COM 481165108 417 5500 SH SOLE 0 0 5500 KRAFT COM 50075n104 2713 95350 SH SOLE 2000 0 93350 LAN AIR ADR 501723100 205 20000 SH SOLE 0 0 20000 LEGG MASON COM 524901105 1475 33850 SH SOLE 0 0 33850 MARATHON OIL COM 565849106 804 15500 SH SOLE 0 0 15500 MASCO COM 574599106 728 46250 SH SOLE 0 0 46250 MERCK COM 589331107 276 7313 SH SOLE 0 0 7313 MUELLER WTR CLA 624758108 419 51900 SH SOLE 0 0 51900 MUELLER WTR CLB 624758207 178 20800 SH SOLE 0 0 20800 MVCTR GLD MN COM 57060u100 428 8818 SH SOLE 0 0 8818 NABORS COM g6359f103 2395 48640 SH SOLE 0 0 48640 NEW IRELND FD COM 645673104 539 31715 SH SOLE 0 0 31715 NRFLK SOTHRN COM 655844108 1043 16650 SH SOLE 0 0 16650 PETROBRAS ADR 71654v408 1459 20600 SH SOLE 1000 0 19600 PFIZER INC COM 717081103 996 57030 SH SOLE 0 0 57030 PNN WST ENRGY COM 707885109 118 3500 SH SOLE 0 0 3500 PROVDNT BK COM 743859100 332 51980 SH SOLE 0 0 51980 PRS ULTSHRT FTSE COM 74347r321 144 1700 SH SOLE 0 0 1700 QUEST COM 74834l100 2409 49700 SH SOLE 0 0 49700 RIO DOCE COM 204412209 860 24000 SH SOLE 0 0 24000 ROYAL DTCH A ADR 780259206 629 7700 SH SOLE 0 0 7700 SPDR HMEBLDR COM 78464a888 441 26834 SH SOLE 0 0 26834 STARBUCKS COM 855244109 1240 78750 SH SOLE 6500 0 72250 T ROWE PRCE COM 74144t108 1564 27700 SH SOLE 2000 0 25700 TAM S COM 87484d103 474 24800 SH SOLE 0 0 24800 TARGET COM 87612e106 2106 45300 SH SOLE 2000 0 43300 TELE NRTE LSTE ADR 879246106 349 14000 SH SOLE 0 0 14000 TIFFANY COM 886547108 1377 33800 SH SOLE 0 0 33800 UNIBANCO ADR 90458e107 317 2500 SH SOLE 0 0 2500 UNITRIN COM 913275103 1032 37450 SH SOLE 0 0 37450 VALERO ENRGY COM 91913y100 189 4600 SH SOLE 0 0 4600 VERIZON COM 92343v104 364 10294 SH SOLE 0 0 10294 VORNADO RLTY COM 929042109 509 5783 SH SOLE 0 0 5783 WALMART MEX ADR 93114w107 239 6077 SH SOLE 0 0 6077 WNGRTN RLTY COM 948741103 487 16050 SH SOLE 0 0 16050 CHEN&STS RLTY COM 19247w102 169 11432 SH SOLE 0 0 11432 SUNTRUST COM 867914103 281 7750 SH SOLE 0 0 7750 TEREX COM 880779103 421 8200 SH SOLE 0 0 8200 US BANCRP COM 902973304 594 21300 SH SOLE 0 0 21300 SPDR GOLD COM 78463v107 1791 19595 SH SOLE 0 0 19595 KBH OCT30 CALL 48666k9jf -75 -5 0 CALL SOLE 0 0 -5 TROW JUL65 CALL 74144t9gm 0 -10 0 CALL SOLE -10 0 0 TIF AUG25 CALL 8865479he 32 20 0 CALL SOLE 20 0 0 BUD SEP60 CALL 0352299il -20 -40 0 CALL SOLE 0 0 -40 WOR SEP20 CALL 9818119id -1 -5 0 CALL SOLE 0 0 -5 BP OCT 80 CALL 0556229jp -2 -25 0 CALL SOLE 0 0 -25 HCP OCT 40 CALL 40414l9jh 0 -15 0 CALL SOLE 0 0 -15 HMC OCT 40 CALL 4381289jh -4 -50 0 CALL SOLE 0 0 -50 PBR OCT 65 CALL 71654v9jm -40 -40 0 CALL SOLE 0 0 -40 VZ OCT 40 CALL 92343x9jh 0 -6 0 CALL SOLE 0 0 -6 XOM OCT 100 CALL 30231g9jt -1 -10 0 CALL SOLE 0 0 -10 NBR DEC 50 CALL g6359f9lj -40 -75 0 CALL SOLE 0 0 -75 PWE DEC 35 CALL 7078859lg -2 -13 0 CALL SOLE 0 0 -13 WOR DEC 22.5 CALL 9818119lx -3 -18 0 CALL SOLE 0 0 -18 XLK DEC 26 CALL 8136999lz -1 -20 0 CALL SOLE 0 0 -20 DEVON 4.95% 8/08 DEB 25179mab9 789 425000 PRN SOLE 0 0 425000 CSTCO ZROCV 8/17 NOTE 22160qac6 589 370000 PRN SOLE 0 0 370000 SPRCR ZROCV10/24 DEB 817315Aw4 297 325000 PRN SOLE 0 0 325000