13F-HR 1 ips930-13f.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2002 ------------------------- 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: IPS Advisory, Inc. Address: 1225 Wesgarber Road Suite S-380 Knoxville, Tennessee 37902 Form 13F File Number: 28-5261 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: Gregory D'Amico Title: President Phone: (800) 232-9142 Signature, Place, and Date of Signing: Gregory D'Amico Knoxville, Tennessee 10/09/02 -------------------------- ----------------------- ----------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s)). [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s)). List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None ------------------------- Form 13F Information Table Entry Total: 109 ------------------------- Form 13F Information Table Value Total: $ 110,331 ------------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE -2- FORM 13F INFORMATION TABLE --------------------------

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VOTING AUTHORITY -------------------- TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1,000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- --------- -------- --- ---- ---------- -------- ---- ------ ---- ~~ACTIVISION~~ACE LTD COM ~~004930202~~G0070K103 ~~291~~296 10000 SH SOLE 10000 ADOBE SYSTEMS COM 00724F101 ~~1892~~137 ~~66375~~7150 SH SOLE ~~66375~~7150 AFFILIATED COMPUTER SVCS COM 008190100 4743 1000 SH SOLE 1000 ~~ALLTEL~~AMDOCS LTD COM ~~020039103~~G02602103 ~~1104~~128 ~~23490~~20000 SH SOLE ~~23490~~20000 AMERICAN EXPRESS COM 025816109 ~~2255~~217 ~~62075~~6950 SH SOLE ~~62075~~6950 AMERICAN INT'L GROUP COM 026874107 ~~2506~~1999 ~~36735~~36545 SH SOLE ~~36735~~36545 AMERISOURCE BERGEN COM ~~03073E105~~3.07E+108 ~~2509~~2624 ~~33010~~36745 SH SOLE ~~33010~~36745 ~~ANADARKO~~ANGELICA ~~PETROLEUM~~ COM ~~032511107~~034663104 ~~987~~215 ~~20030~~10000 SH SOLE ~~20030~~10000 ~~ANALOG DEVICES COM 032654105 408 13745 SH SOLE 13745~~ ANN TAYLOR STORES COM 036115103 3835 1500 SH SOLE 1500 ~~APPLIED~~BEST ~~MATERIALS~~BUY COM ~~038222105~~086516101 ~~2170~~178 ~~114110~~8000 SH SOLE ~~114110~~8000 ~~BISYS COM 055472104 1595 47910 SH SOLE 47910~~ BP P.L.C. COM 055622104 ~~2067~~1624 ~~40930~~40695 SH SOLE ~~40930~~40695 BURLINGTON NORTHERN SANTA FE COM 12189T104 ~~825~~179 ~~27500~~7500 SH SOLE ~~27500~~7500 CANADIAN NATIONAL RAILWAY COM 136375102 ~~518~~747 ~~10000~~20000 SH SOLE ~~10000~~20000 CANADIAN PACIFIC RAILWAY COM 13645T100 ~~1264~~757 ~~51560~~41500 SH SOLE ~~51560~~41500 CATERPILLAR COM 149123101 ~~2409~~1816 ~~49220~~48795 SH SOLE ~~49220~~48795 CHELSEA PROPERTY GROUP COM 163421100 1958 58000 SH SOLE 58000 CHICO'S FAS INC COM 168615102 7364 ~~2000~~4000 SH SOLE ~~2000~~4000 CHOICEPOINT COM 170388102 ~~1987~~1592 ~~43708~~44666 SH SOLE ~~43708~~44666 CITY NATIONAL COM 178566105 ~~1075~~935 20000 SH SOLE 20000 CLEAR CHANNEL COM 184502102 ~~2582~~3134 ~~80650~~90175 SH SOLE ~~80650~~90175 COACH INC COM 189754104 5551 ~~1000~~2000 SH SOLE ~~1000~~2000 COMMERCE GROUP COM 200641108 663 20500 SH SOLE 20500 COMVERSE TECH COM 205862402 419 60000 SH SOLE 60000 CONCORD EFS COM 206197105 ~~2083~~1464 ~~69095~~92165 SH SOLE ~~69095~~92165 CONSTELLATION ENERGY COM 210371100 1364 55035 SH SOLE 55035 CUMMINS INC COM 231021106 ~~132~~96 ~~4000~~4050 SH SOLE ~~4000~~4050 CURTISS-WRIGHT COM 231561101 ~~800~~598 10000 SH SOLE 10000 DEERE & COCo. COM 244199105 ~~263~~250 5500 SH SOLE 5500 ~~DELL~~DENTSPLY ~~COMPUTERS~~INT'l COM ~~247025109~~249030107 ~~1987~~273 ~~76025~~6800 SH SOLE ~~76025~~6800 ~~DENTSPLY~~DOLE ~~INTERNATIONAL~~FOOD CO INC COM ~~249030107~~256605106 ~~2467~~238 ~~66830~~8200 SH SOLE ~~66830~~8200 ~~DOLE~~DOMINION ~~FOOD~~RESOURCES COVA ~~INC~~ COM ~~256605106~~25746U109 ~~1796~~1522 ~~62240~~30000 SH SOLE ~~62240~~30000 DUKE ENERGY COM 264399106 ~~1393~~299 ~~44785~~15305 SH SOLE ~~44785~~15305 EASTMAN KODAK COM 277461109 1208 44335 SH SOLE 44335 EBAY COM 278642103 6253 1000 SH SOLE 1000 ~~ECHOSTAR~~ELECTRONIC ~~COMM~~ARTS ~~CORP~~ COM ~~278762109~~285512109 562770 ~~3000~~42000 SH SOLE ~~3000~~42000 ~~ELECTRONIC~~ESS ~~ARTS~~TECHNOLOGY COM ~~285512109~~269151106 ~~1389~~80 ~~21035~~13000 SH SOLE ~~21035~~13000 EXPEDITORS INT'L ~~OF WASHINGTON~~ COM 302130109 ~~1051~~1165 ~~31700~~41700 SH SOLE ~~31700~~41700 FIDELITY NATL FINANCIAL COM 316326107 ~~652~~585 ~~20621~~20369 SH SOLE ~~20621~~20369 FIRST DATA COM 319963104 ~~1488~~56 ~~40000~~2000 SH SOLE ~~40000~~2000 FIRST HEALTH GROUP COM 320960107 5654 2000 SH SOLE 2000 FORTUNE BRANDS COM 349631101 ~~1120~~993 ~~20000~~21000 SH SOLE ~~20000~~21000 ~~GANNETT~~FPL COGROUP COM ~~364730101~~302571104 ~~2505~~2367 ~~33000~~44000 SH SOLE ~~33000~~44000 ~~GENERAL~~GANNETT ~~ELECTRIC~~CO COM ~~369604103~~364730101 952382 ~~3275~~33000 SH SOLE ~~3275~~33000 GENERAL GROWTH PROPERTIES COM 370021107 ~~2040~~3224 ~~40000~~62610 SH SOLE ~~40000~~62610 HARTFORD FINANCIAL COM 416515104 ~~1362~~119 ~~22900~~2900 SH SOLE ~~22900~~2900 HEALTH CARE PPTY COM 421915109 ~~1964~~1522 ~~45775~~35725 SH SOLE ~~45775~~35725 HEARST-ARGYLE TELEVISION COM 422317107 ~~1128~~1615 ~~50000~~65000 SH SOLE ~~50000~~65000 ~~HISPANIC BROADCASTING COM 43357B104 1782 68265 SH SOLE 68265~~ HOLLYWOOD ENTERTAINMENT COM 436141105 ~~786~~552 38000 SH SOLE 38000 HONEYWELL INTL COM 438516106 ~~1354~~785 ~~38445~~36250 SH SOLE ~~38445~~36250 ~~HORIZON ORGANIC COM 44043T103 301 17085 SH SOLE 17085~~ HUBBELL INC COM 443510201 ~~1025~~1642 ~~30000~~56500 SH SOLE ~~30000~~56500 ILLINOIS TOOL WORKS COM 452308109 ~~334~~276 ~~4885~~4735 SH SOLE ~~4885~~4735 INTERNATIONAL PAPER CO COM 460146103 ~~270~~187 ~~6195~~5590 SH SOLE ~~6195~~5590 ~~INVITROGEN COM 46185R100 172 5375 SH SOLE 5375~~ KELLOGG CO COM 487836108 ~~1144~~1054 ~~31900~~31700 SH SOLE ~~31900~~31700 KIMBERLY CLARK COM 494368103 ~~3089~~2178 ~~49820~~38460 SH SOLE ~~49820~~38460 KRAFT COM 50075N104 ~~1523~~729 ~~37200~~20000 SH SOLE ~~37200~~20000 L3 COMM COM 502424104 ~~1437~~2034 ~~26620~~38600 SH SOLE ~~26620~~38600 LEAR CORPORATION COM 521865105 ~~1660~~1953 ~~35900~~46900 SH SOLE ~~35900~~46900 ~~LIBERTY~~LINCARE ~~MEDIA~~HOLDINGS COM ~~530718105~~532791100 ~~456~~2424 ~~45575~~78080 SH SOLE ~~45575~~78080 ~~LINCARE~~LINCOLN ~~HOLDINGS~~NATIONAL COM ~~532791100~~534187109 ~~2477~~141 ~~76680~~4600 SH SOLE ~~76680~~4600 ~~LINCOLN~~LOCKHEED ~~NATIONAL~~MARTIN COM ~~534187109~~539830109 ~~205~~129 ~~4875~~2000 SH SOLE ~~4875~~2000 ~~LOCKHEED~~LONE ~~MARTIN~~STAR STEAKHOUSE COM ~~539830109~~542307103 ~~2224~~1322 ~~32000~~63000 SH SOLE ~~32000~~63000 LOWES COS COM 548661107 ~~1180~~248 ~~26000~~6000 SH SOLE ~~26000~~6000 ~~MANITOWOC~~MACROVISION CO COM ~~563571108~~555904101 ~~223~~367 ~~6295~~30000 SH SOLE ~~6295~~30000 ~~MASCO~~MANITOWOC CO COM ~~574599106~~563571108 ~~514~~123 ~~18950~~4500 SH SOLE ~~18950~~4500 ~~MEADWESTVACO~~MASCO COM ~~583334107~~574599106 ~~961~~546 ~~28635~~27925 SH SOLE ~~28635~~27925 METLIFE COM 59156R108 ~~288~~228 10000 SH SOLE 10000 MICROCHIP TECH COM 595017104 ~~1318~~961 ~~48045~~47000 SH SOLE ~~48045~~47000 MICROSOFT COM 594918104 ~~2599~~2069 ~~47510~~47307 SH SOLE ~~47510~~47307 NATIONAL CITY ~~CORP~~ COM 635405103 ~~281~~1082 ~~8450~~37925 SH SOLE ~~8450~~37925 ~~NEWELL~~NATIONWIDE ~~RUBBERMAID~~FINANCIAL COM ~~651229106~~638612101 ~~1953~~267 ~~55710~~10000 SH SOLE ~~55710~~10000 ~~NOKIA~~NEWELL ~~CORP~~RUBBERMAID COM ~~654902204~~651229106 ~~105~~2010 ~~7275~~65110 SH SOLE ~~7275~~65110 NORFOLK SOUTHERN COM 655844108 ~~701~~606 30000 SH SOLE 30000 NORTH FORK BANCORP NY COM 659424105 ~~3758~~3557 ~~94390~~93995 SH SOLE ~~94390~~93995 OHIO CASUALTY COM 677240103 ~~1053~~163 ~~50380~~10000 SH SOLE ~~50380~~10000 PENTAIR INC COM 709631105 ~~1442~~1487 ~~30000~~40000 SH SOLE ~~30000~~40000 PEPSI BOTTLING GRP COM 713409100 ~~1771~~1569 ~~57485~~67045 SH SOLE ~~57485~~67045 PEPSICO COM 713448108 ~~1735~~185 ~~35995~~5000 SH SOLE ~~35995~~5000 PET SMART COM 716768106 214 12000 SH SOLE 12000 PIER 1 IMPORTS COM 720279108 ~~942~~252 ~~44865~~13235 SH SOLE ~~44865~~13235 PLUM CREEK TIMBER COM 729251108 ~~506~~819 ~~16485~~36245 SH SOLE ~~16485~~36245 PROFIT RECOVERY GROUP COM 69357C107 4950 4000 SH SOLE 4000 ~~QUALCOMM~~QLOGIC COM ~~747525103~~747277101 ~~175~~807 ~~6375~~31000 SH SOLE ~~6375~~31000 ~~RAYONIER~~QUALCOMM COM ~~754907103~~747525103 ~~983~~77 ~~20000~~2800 SH SOLE ~~20000~~2800 ~~ROCKWELL AUTOMATION COM 773903109 40 2000 SH SOLE 2000~~ ROYAL DUTCH PETROLEUM COM 780257804 8854 ~~1590~~1340 SH SOLE ~~1590~~1340 RYDER SYSTEM COM 783549108 ~~1358~~1424 ~~50125~~57100 SH SOLE ~~50125~~57100 SCHOLASTIC COM 807066105 ~~959~~2064 ~~25300~~46200 SH SOLE ~~25300~~46200 SILICON LABORATORIES ~~INC~~ COM 826919102 2737 ~~1000~~2000 SH SOLE ~~1000~~2000 STARBUCKS COM 855244109 ~~845~~83 ~~34000~~4000 SH SOLE ~~34000~~4000 ~~STATE STREET COM 857477103 1716 38400 SH SOLE 38400 SUNGARD DATA SYSTEMS COM 867363103 862 32550 SH SOLE 32550~~ SYMANTEC COM 871503108 ~~1675~~2968 ~~51000~~88265 SH SOLE ~~51000~~88265 ~~SYMBOL TECH COM 871508107 161 18975 SH SOLE 18975~~ TEEKAY SHIPPNG COM Y8564W103 ~~369~~570 ~~10000~~20000 SH SOLE ~~10000~~20000 TENET HEALTH CARE COM 88033G100 ~~1146~~1708 ~~16015~~34500 SH SOLE ~~16015~~34500 TEXAS INSTRUMENTS COM 882508104 ~~770~~118 ~~32500~~7965 SH SOLE ~~32500~~7965 TREX CO COM 89531P105 ~~1038~~1176 ~~33070~~43000 SH SOLE ~~33070~~43000 TRIBUNE COMPANY COM 896047107 ~~2292~~2180 ~~52695~~52130 SH SOLE ~~52695~~52130 TRUSTCO BK CORP NY COM 898349105 2319 1756 SH SOLE 1756 ~~TUESDAY~~UNITED ~~MORNING~~RENTAL COM ~~899035505~~911363109 3783 ~~2000~~9855 SH SOLE ~~2000~~9855 UNITED ~~RENTAL~~TECHNOLOGIES COM ~~911363109~~913017109 ~~1835~~2089 ~~84175~~36975 SH SOLE ~~84175~~36975 ~~UNITED~~UNIVISION ~~TECHNOLOGIES~~COMM. COM ~~913017109~~914906102 ~~1358~~1744 ~~20000~~76500 SH SOLE ~~20000~~76500 ~~UNIVISION~~UT ~~COMM.~~STARCO COM ~~914906102~~918076100 ~~1524~~336 ~~48525~~22000 SH SOLE ~~48525~~22000 VIACOM INC COM 925524308 ~~1665~~81 ~~37530~~2000 SH SOLE ~~37530~~2000 VORNADO REALTY COM 929042109 ~~924~~789 20000 SH SOLE 20000 ~~WALGREENS~~WAL-MART STORES COM ~~931422109~~931142103 ~~2801~~2455 ~~72520~~49857 SH SOLE ~~72520~~49857 ~~WAL-MART~~WALGREENS ~~STORES~~ COM ~~931142103~~931422109 ~~2760~~1906 ~~50180~~61970 SH SOLE ~~50180~~61970 WELLPOINT COM 94973h108 ~~2640~~2531 ~~33925~~34525 SH SOLE ~~33925~~34525 WELLS FARGO COM 949746101 ~~2278~~2191 45500 SH SOLE 45500 WESTWOOD ONE COM 961815107 ~~1805~~1931 54000 SH SOLE 54000 WHOLE FOODS MKT COM 966837106 ~~3223~~2862 ~~66835~~66800 SH SOLE ~~66835~~66800 ~~XILINX COM 983919101 898 40025 SH SOLE 40025~~ XL CAPITAL COM G98255105 ~~847~~1470 ~~10000~~20000 SH SOLE ~~10000~~20000 ZEBRA TECH COM 989207105 ~~242~~263 ~~5025~~5000 SH SOLE ~~5025~~5000 REPORT SUMMARY ~~113~~109 DATA RECORDS $~~135~~110,~~530~~331 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

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