13F-HR 1 m3310613f.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 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: Dawson-Herman Capital Management Inc. Address: 354 Pequot Avenue Southport, CT 06890 13F File Number: 028-03914 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: Thomas S. Galvin Title: CFO Phone: (203) 254-0091 Signature, Place, and Date of Signing: Thomas S. Galvin Southport, CT May 15, 2006 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 155 Form 13F Information Table Value Total: 1,511,289,647 List of Other Included Managers: FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------- AAR CORP CS 000361105 23089 810700 SH SOLE 810700 ABB LTD CS 000375204 6610 526700 SH SOLE 526700 ACQUICOR TECHNOLOGY INC CS 00489A206 4920 750000 SH SOLE 750000 ACTIVE POWER CS 00504W100 18758 3759130 SH SOLE 3759130 ADOLOR CORPORATION CS 00724X102 7190 302088 SH SOLE 302088 ADVANCED MICRO DEVICES CS 007903107 179 5400 SH SOLE 5400 ADVENT SOFTWARE CS 007974108 13104 461100 SH SOLE 461100 AGILENT TECH CS 00846U101 215 5721 SH SOLE 5721 ALCATEL ALSTHOM CS 013904305 21959 1425900 SH SOLE 1425900 ALERIS INTERNATIONAL INC CS 014477103 8614 179200 SH SOLE 179200 ALLEGHENY TECHNOLOGIES INC. CS 00949T100 10707 175000 SH SOLE 175000 AMERICAN EXPRESS COMPANY CS 025816109 318 6054 SH SOLE 6054 AMERICAN INTERNATIONAL GROUP CS 026874107 1674 25335 SH SOLE 25335 AMERISTAR CORP CS 03070Q101 12983 503400 SH SOLE 503400 AMETEK INC CS 031100100 13600 302500 SH SOLE 302500 APPLIED MICRO CIRCUITS CORP CS 03822W109 4499 1105500 SH SOLE 1105500 ARRIS GROUP INC CS 04269Q100 4575 332500 SH SOLE 332500 ASPEN INSURANCE HOLDINGS LTD CS G05384105 736 29850 SH SOLE 29850 ASTEC INDUSTRIES CS 046224101 786 21900 SH SOLE 21900 ATLAS AIR WORLDWIDE HOLDINGS CS 049164205 5035 106900 SH SOLE 106900 AUTODESK INC CS 052769106 3852 100000 SH SOLE 100000 AUTOMATIC DATA PROCESSING CS 053015103 14812 324250 SH SOLE 324250 BALDOR ELECTRIC CO CS 057741100 13521 399200 SH SOLE 399200 BANK OF NEW YORK CO INC CS 064057102 9615 266800 SH SOLE 266800 BIRCH MTNS RES LTD CS 09066X109 4136 560400 SH SOLE 560400 BOB EVANS FARMS INC CS 096761101 18043 607300 SH SOLE 607300 BOEING CO. CS 097023105 32162 412700 SH SOLE 412700 BOOKHAM INC CS 09856E105 13349 1399300 SH SOLE 1399300 BOYD GAMING CORP CS 103304101 27687 554400 SH SOLE 554400 BRISTOL MYERS SQUIBB CO CS 110122108 8951 363700 SH SOLE 363700 BUCYRUS INTERNATIONAL INC CS 118759109 48785 1012350 SH SOLE 1012350 CARDINAL HEALTH INC. CS 14149Y108 30740 412500 SH SOLE 412500 CAREMARK RX INC CS 141705103 22200 451400 SH SOLE 451400 CARRIER ACCESS CORPORATION CS 144460102 2913 483900 SH SOLE 483900 CELADON GROUP INC CS 150838100 19268 880206 SH SOLE 880206 CEMEX SA DE CV CS 151290889 17952 275000 SH SOLE 275000 CIENA CORPORATION CS 171779101 11287 2166400 SH SOLE 2166400 CISCO SYS INC COM CS 17275R102 15169 700000 SH SOLE 700000 CONCURRENT COMPUTER CORP CS 206710204 6777 2098200 SH SOLE 2098200 COOPER CAMERON CORP. CS 216640102 1023 23200 SH SOLE 23200 CROWN CASTLE INTERNATIONAL CS 228227104 34357 1211900 SH SOLE 1211900 CXS CORP CS 126408103 14902 249200 SH SOLE 249200 DAKTRONICS CS 234264109 504 13800 SH SOLE 13800 DAVITA INC CS 23918K108 22392 371900 SH SOLE 371900 DEVON ENERGY CORP NEW CS 25179M103 2963 48436 SH SOLE 48436 DIGENE CORP CS 253752109 20805 532100 SH SOLE 532100 DYNASTY GAMING INC CS 26813U105 326 380600 SH SOLE 380600 ECOLAB INC CS 278865100 4859 127200 SH SOLE 127200 ELECTRONIC DATA SYS CS 285661104 20096 749000 SH SOLE 749000 EMCOR GROUP INC CS 29084Q100 29796 600000 SH SOLE 600000 FINISAR CS 31787A101 4254 864600 SH SOLE 864600 FLORIDA EAST COAST INDUSTRIES CS 340632108 334 6200 SH SOLE 6200 FLOWSERVE CORP CS 34354P105 8634 148000 SH SOLE 148000 FOSTER WHEELER LTD CS G36535139 42924 907300 SH SOLE 907300 FREDDIE MAC CS 313400301 10962 179700 SH SOLE 179700 GARMIN LTD CS G37260109 2939 37000 SH SOLE 37000 GAYLORD ENTERTAINMENT CO CS 367905106 32020 705600 SH SOLE 705600 GLOBAL CROSSING LTD CS G3921A175 7966 300600 SH SOLE 300600 GLOBAL SANTAFE CORP CS G3930E101 297 4887 SH SOLE 4887 GRANITE CONSTRUCTION INC CS 387328107 14219 292100 SH SOLE 292100 GYMBOREE CORP CS 403777105 11616 446100 SH SOLE 446100 HALLIBURTON CO CS 406216101 42863 587000 SH SOLE 587000 HARSCO CORP CS 415864107 10526 127400 SH SOLE 127400 HERSHEY FOODS CORP COM CS 427866108 5803 111100 SH SOLE 111100 HEWLETT PACKARD CO CS 428236103 2922 88822 SH SOLE 88822 HOLOGIC INC COM CS 436440101 5878 106200 SH SOLE 106200 HONEYWELL INC. CS 438506107 17557 410487 SH SOLE 410487 ICON PLC ADS CS 45103T107 1032 21100 SH SOLE 21100 ICONIX BRAND GROUP INC CS 451055107 1100 75600 SH SOLE 75600 IMPERIAL SUGAR CO CS 453096208 10665 350000 SH SOLE 350000 INCO LTD CAD COM NPV CS 453258402 14967 300000 SH SOLE 300000 INTEL CORP COM CS 458140100 5309 272800 SH SOLE 272800 INTERFACE INC CS 458665106 2056 148900 SH SOLE 148900 INTERNATIONAL GAME TECH. CS 459902102 1937 55000 SH SOLE 55000 INTERNET CAPITAL GROUP INC CS 46059C106 7399 785500 SH SOLE 785500 ISHARES TRUST RUSSELL 2000 PUT 464287955 2473 62850 SH PUT SOLE 62850 JDS UNIPHASE CS 46612J101 7581 1818000 SH SOLE 1818000 JLG INDUSTRIES INC CS 466210101 15112 490800 SH SOLE 490800 JOY GLOBAL INC CS 481165108 7891 132023 SH SOLE 132023 KERYX BIOPHARMACEUTICALS INC CS 492515101 5185 271300 SH SOLE 271300 KFX INC CALL 48245L907 50 2500 SH CALL SOLE 2500 KIRBY EXPL CO COM CS 497266106 8514 125000 SH SOLE 125000 LAM RESEARCH CORP CS 512807108 993 23100 SH SOLE 23100 LEVEL 3 COMM INC. CS 52729N100 15443 2981300 SH SOLE 2981300 LSI LOGIC CORP COM CS 502161102 271 23400 SH SOLE 23400 LUCENT TECHNOLOGIES CS 549463107 180 59000 SH SOLE 59000 MANITOWOC CS 563571108 19461 213500 SH SOLE 213500 MARTIN MARIETTA MATERIALS INC CS 573284106 17671 165100 SH SOLE 165100 MATTEL INC COM CS 577081102 330 18192 SH SOLE 18192 MAVERICK TUBE CORP CS 577914104 22918 432500 SH SOLE 432500 MCDERMOTT INTERNATIONAL INC CS 580037109 17805 327000 SH SOLE 327000 MICROSOFT CORP COM CS 594918104 13020 478500 SH SOLE 478500 MOBILE MINI INC CS 60740F105 1224 39600 SH SOLE 39600 MURPHY OIL CORP CS 626717102 523 10500 SH SOLE 10500 MYRIAD GENETICS CS 62855J104 16838 645400 SH SOLE 645400 NASDAQ 100 INDEX TRACKING PUT 631100954 600 20000 SH PUT SOLE 20000 NATIONAL OILWELL VARCO INC CS 637071101 430 6700 SH SOLE 6700 NCR CORP CS 62886E108 10677 255500 SH SOLE 255500 NETSMART TECHNOLOGIES CS 64114W306 10557 761653 SH SOLE 761653 NOBILITY HOMES INC. CS 654892108 693 28000 SH SOLE 28000 NORTEL NETWORKS CORP CS 656568102 7598 2491100 SH SOLE 2491100 OPLINK COMMUNICATIONS INC CS 68375Q106 1009 58200 SH SOLE 58200 ORACLE SYS CORP COM CS 68389X105 14006 1023100 SH SOLE 1023100 PALM INC CS 696643105 24390 1053100 SH SOLE 1053100 PARK OHIO HOLDINGS CS 700666100 567 28402 SH SOLE 28402 PINNACLE ENTERTAINMENT INC CS 723456109 19054 676400 SH SOLE 676400 PIONEER COMPANIES INC CS 723643300 723 23700 SH SOLE 23700 PLAYTEX PRODUCTS INC CS 72813P100 10426 995800 SH SOLE 995800 PMC SIERRA INC CS 69344F106 10534 857100 SH SOLE 857100 PPG INDUSTRIES INC CS 693506107 488 7700 SH SOLE 7700 PREMIER PARKS INC CS 83001P109 21938 2155000 SH SOLE 2155000 QSGI INC. CS 74729D106 133 80500 SH SOLE 80500 QUALCOMM INC CS 747525103 5840 115400 SH SOLE 115400 RESMED INC. CS 761152107 9917 225500 SH SOLE 225500 RITE AID CORPORATION CS 767754104 5302 1325400 SH SOLE 1325400 RUSH ENTERPRISES CS 781846209 176 10000 SH SOLE 10000 SBA COMMUICATIONS CORP CS 78388J106 1739 74300 SH SOLE 74300 SERVICES ACQUISITION CORP INTL CS 817628100 469 45900 SH SOLE 45900 SIERRA WIRELESS INC CS 826516106 9200 787700 SH SOLE 787700 SILICON GRAPHICS INC CS 827056102 9 20000 SH SOLE 20000 SIRIUS SATELLITE RADIO INC CS 82966U103 6637 1309074 SH SOLE 1309074 SNC-LAVALIN GROUP INC CS 78460T105 15892 582000 SH SOLE 582000 SPDR TRUST PUT 78462F953 2761 29455 SH PUT SOLE 29455 ST JOE CO CS 790148100 5674 90300 SH SOLE 90300 STERLING CONSTRUCTION CO INC CS 859241101 651 30000 SH SOLE 30000 SULPHCO INC CS 865378103 233 27700 SH SOLE 27700 SUN MICROSYSTEMS INC CS 866810104 12512 2438900 SH SOLE 2438900 SYCAMORE NETWORKS INC CS 871206108 21853 4649600 SH SOLE 4649600 TELLABS INC COM CS 879664100 15081 948500 SH SOLE 948500 TEREX CORP CS 880779103 20801 262500 SH SOLE 262500 TEXAS INDS INC. CS 882491103 10586 175000 SH SOLE 175000 TEXAS ROADHOUSE INC CS 882681109 4206 246100 SH SOLE 246100 TIFFANY & CO CS 886547108 8807 234600 SH SOLE 234600 TITAN PHARMACEUTICALS CS 888314101 5567 1651900 SH SOLE 1651900 TRAMMELL CROW CO CS 89288R106 6996 196200 SH SOLE 196200 TRANSOCEAN INC. CS G90078109 2160 26900 SH SOLE 26900 TRINITY INDUSTRIES CS 896522109 29730 546600 SH SOLE 546600 TXU CORP CALL 873168908 100 10000 SH CALL SOLE 10000 UNITED NATURAL FOODS INC CS 911163103 10659 304800 SH SOLE 304800 UNITED RENTALS INC CS 911363109 21097 611500 SH SOLE 611500 URS CORP CS 903236107 10449 259600 SH SOLE 259600 VICOR CORP CS 925815102 6454 327100 SH SOLE 327100 VIVUS INC CS 928551100 55 16600 SH SOLE 16600 WABTEC CS 919740108 14465 443700 SH SOLE 443700 WALTER INDUSTRIES INC CS 93317Q105 14623 219500 SH SOLE 219500 WASHINGTON GROUP INTL INC CS 938862208 15094 263000 SH SOLE 263000 WATTS WATER TECHNOLOGIES CS 942749102 1973 54300 SH SOLE 54300 WESTERN DIGITAL CORP COM CS 958102105 929 47800 SH SOLE 47800 WIDEPOINT CORP CS 967590100 674 258100 SH SOLE 258100 WORLD AIR HOLDINGS INC CS 98142V104 854 87000 SH SOLE 87000 WPT ENTERPRISES INC CS 98211W108 445 60500 SH SOLE 60500 WSP GROUP PLC CS 990991507 626 83200 SH SOLE 83200 XANTRAX CS 98389A102 623 80900 SH SOLE 80900 ZARLINK SEICONDUCTOR INC CS 989139100 2320 786500 SH SOLE 786500 ZIMMER HOLDINGS INC CS 98956P102 777 11500 SH SOLE 11500