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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12-31-98
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Smith Asset Management Group, L.P.
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Address: 300 Crescent Court, Suite 750
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Dallas, Texas 75201
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Form 13F File Number: 28-
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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: Stephen S. Smith
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Title: CEO
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Phone: 214-880-4601
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Signature, Place, and Date of Signing:
/s/ Stephen S. Smith Dallas, Texas 2-12-1999
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[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.)
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[ ] 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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 136
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Form 13F Information Table Value Total: $709,576,672
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(thousands)
List of Other Included Managers: None
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<TABLE>
<CAPTION>
Invest Disc.
Shares/ --------------- Voting Authority
Item 1: Fair Market Princ. Sole SH/ SH/ ----------------------
Name of Issuer Class Cusip Value Amount def other Managers Sole Shared None
- -------------- ----- ----- ----- ------ -------- ----- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Apple Computer Common 037833100 $ 11,261,225.04 275080 Sole 275080
Alliance Capital Mgm Common 018548107 $ 255,697.50 9930 Sole 9930
Americredit Corp Common 03060R101 $ 2,124,638.75 153820 Sole 153820
Allstate Corp. Common 020002101 $ 9,382,398.75 242910 Sole 242910
Amgen Common 031162100 $ 19,091,112.54 182580 Sole 182580
AMR Corp. Common 001765106 $ 11,512,812.50 193900 Sole 193900
AnnTaylor Stores Common 036115103 $ 2,544,507.50 64520 Sole 64520
Aurora Foods Common 05164B106 $ 267,475.50 13500 Sole 13500
A. O. Smith Corp. Common 831865209 $ 2,167,517.81 88245 Sole 88245
Arvin Ind. Common 043339100 $ 2,440,386.25 58540 Sole 58540
AmSouth Bancorp. Common 032165102 $ 13,694,343.75 300150 Sole 300150
AptarGroup Common 038336103 $ 2,406,682.88 85760 Sole 85760
Avant Corp. Common 053487104 $ 2,111,040.00 131940 Sole 131940
BE Aerospace, Inc. Common 073302101 $ 1,445,010.00 68810 Sole 68810
Big Flower Holdings Inc. Common 089159107 $ 2,268,025.00 102800 Sole 102800
BankNorth Group Inc Common 06646L100 $ 2,487,012.50 66100 Sole 66100
BellSouth Corp. Common 079860102 $ 17,900,137.50 358900 Sole 358900
BMC Software Common 055921100 $ 12,458,115.31 279565 Sole 279565
Canandaigua Brands Company Common 137219200 $ 2,536,234.38 43870 Sole 43870
Cordant Technologies Common 218412104 $ 2,643,000.00 70480 Sole 70480
Champion Enterprises Common 158496109 $ 262,526.25 9590 Sole 9590
Checkpoint Software Common M22465104 $ 3,857,412.50 84200 Sole 84200
Computer Horizons Common 205908106 $ 2,545,350.00 95600 Sole 95600
Comerica Inc. Common 200340107 $ 12,654,236.25 185580 Sole 185580
Conmed Corp Common 207410101 $ 2,937,660.00 89020 Sole 89020
Columbia Sportswear Co. Common 198516106 $ 1,665,562.50 98700 Sole 98700
Calpine Corp. Common 131347106 $ 2,345,725.00 92900 Sole 92900
Crane Co. Common 224399105 $ 249,051.00 8250 Sole 8250
Carlisle Cos. Common 142339100 $ 353,115.00 6840 Sole 6840
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Century Tel. Enterpr Common 156686107 $ 370,575.00 5490 Sole 5490
Centex Corp. Common 152312104 $ 3,128,273.46 69420 Sole 69420
C-Cube Microsystems Common 125015107 $ 2,468,103.75 90990 Sole 90990
Day Runner Inc Common 239545106 $ 1,489,440.00 102720 Sole 102720
Detroit Diesel Corp Com. Common 250837101 $ 2,352,018.72 113690 Sole 113690
Data Dimensions Common 237654207 $ 861,437.80 100600 Sole 100600
Dayton Hudson Common 239753106 $ 16,480,065.00 303780 Sole 303780
D R Horton Common 23331A109 $ 290,030.00 12610 Sole 12610
Dime Savings Bank N. Common 25429Q102 $ 11,234,034.96 424920 Sole 424920
Darden Restaurants Common 237194105 $ 13,705,650.00 761425 Sole 761425
DST Systems, Inc. Common 233326107 $ 245,370.90 4300 Sole 4300
DTE Energy Common 233331107 $ 13,071,944.38 304885 Sole 304885
Brinker Int'l Common 109641100 $ 277,200.00 9600 Sole 9600
Earthgrains Co. Common 270319106 $ 200,168.86 6470 Sole 6470
EMC Corp. Common 268648102 $ 16,235,850.00 191010 Sole 191010
El Paso Natl Gas Common 283905107 $ 222,803.20 6400 Sole 6400
Esterline Technologies Common 297425100 $ 2,510,602.50 115430 Sole 115430
E. W. Blanch Holdings Common 093210102 $ 2,438,787.58 51410 Sole 51410
Exxon Corp. Common 302290101 $ 12,891,937.50 176300 Sole 176300
First American Fincl Common 318522307 $ 224,875.00 7000 Sole 7000
Furniture Brands Common 360921100 $ 220,725.00 8100 Sole 8100
FirstFed Financial Common 337907109 $ 2,304,087.50 128900 Sole 128900
Fleetwood Enterprise Common 339099103 $ 255,760.00 7360 Sole 7360
FlagStar Bank Common 337930101 $ 2,209,913.75 84590 Sole 84590
Fluor Corp. Common 343861100 $ 244,311.62 5740 Sole 5740
Foodmaker Inc New Common 344839204 $ 2,499,737.90 113300 Sole 113300
Fidelity National Financial Common 316326107 $ 2,528,065.70 82887.4 Sole 82887.4
Financial Security
Assurance H Common 31769P100 $ 233,275.00 4300 Sole 4300
General Dynamics Common 369550108 $ 15,732,018.75 268350 Sole 268350
Graco Inc. Common 384109104 $ 2,136,390.00 72420 Sole 72420
Hasbro Inc. Common 418056107 $ 237,702.50 6580 Sole 6580
Hillenbrand Inc. Common 431573104 $ 243,425.00 4280 Sole 4280
CHS Electronics Inc. New Common 12542A206 $ 2,840,502.60 167700 Sole 167700
Hyperion Solutions Corp. Common 44914M104 $ 129,600.00 7200 Sole 7200
Intimate Brands Common 461156101 $ 2,842,307.50 95140 Sole 95140
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IBP, inc. Common 449223106 $ 13,748,456.25 472050 Sole 472050
International Fibercom Inc. Common 45950T101 $ 1,900,648.70 259900 Sole 259900
Intl Home Foods, Inc. Common 459655106 $ 216,000.00 12800 Sole 12800
Ingersoll-Rand Common 456866102 $ 13,150,150.08 280160 Sole 280160
Johns Manville Corp Common 478129109 $ 12,705,998.67 772965 Sole 772965
Jefferson-Pilot Corp Common 475070108 $ 15,296,250.00 203950 Sole 203950
Knight-Ridder Common 499040103 $ 12,488,815.00 244280 Sole 244280
Lafarge Corp. Common 505862102 $ 317,520.00 7840 Sole 7840
Lone Star Inds. Common 542290408 $ 2,411,987.76 65520 Sole 65520
Leggett & Platt Common 524660107 $ 224,840.00 10220 Sole 10220
LandAmerica Financial
Group In Common 514936103 $ 2,415,586.64 43280 Sole 43280
L3 Communications Common 502424104 $ 251,440.20 5400 Sole 5400
Lucent Technologies Common 549463107 $ 16,547,300.00 150430 Sole 150430
Lexmark Intl Group Common 529771107 $ 21,403,485.00 212970 Sole 212970
La-Z-Boy Chair Common 505336107 $ 2,569,703.38 144260 Sole 144260
Midwest Express Holdings Common 597911106 $ 1,588,515.81 60370 Sole 60370
Miller (Herman) Common 600544100 $ 12,333,340.63 458915 Sole 458915
Monaco Coach Common 60886R103 $ 3,540,718.00 133612 Sole 133612
McClatchy Newspapers Common 579489105 $ 2,529,312.50 71500 Sole 71500
M.S. Carriers Common 553533100 $ 2,761,521.92 83840 Sole 83840
Micro Warehouse Inc. Common 59501B105 $ 3,278,170.35 96950 Sole 96950
Mylan Labs. Common 628530107 $ 13,447,980.00 426920 Sole 426920
NL Inds. Common 629156407 $ 144,717.60 10200 Sole 10200
NVR Inc. Common 62944T105 $ 2,465,469.60 51700 Sole 51700
Quaker Oats Common 747402105 $ 13,677,860.00 229880 Sole 229880
Oracle Systems Common 68389X105 $ 17,187,468.75 398550 Sole 398550
Owens Corning Common 69073F103 $ 232,827.66 6570 Sole 6570
Paccar Inc. Common 693718108 $ 10,554,936.88 256655 Sole 256655
Precision Castparts Common 740189105 $ 230,985.00 5220 Sole 5220
Personnel Group America Common 715338109 $ 2,448,250.00 139900 Sole 139900
Pacificare Health Common 695112201 $ 12,851,175.00 161650 Sole 161650
Premark Int'l Common 740459102 $ 252,762.50 7300 Sole 7300
Policy Mgmt. Sys. Common 731108106 $ 247,450.00 4900 Sole 4900
Pentair Common 709631105 $ 2,728,783.02 68540 Sole 68540
Project Software &
Development Common 74339P101 $ 2,619,733.50 78201 Sole 78201
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PillowTex Common 721501104 $ 1,622,120.00 60640 Sole 60640
Royal Caribbean Common V7780T103 $ 12,702,470.00 343310 Sole 343310
Everest Reinsurance Common 299808105 $ 248,424.44 6380 Sole 6380
Rehabcare Group Inc. Common 759148109 $ 2,434,298.88 130260 Sole 130260
Robert Half Intl Common 770323103 $ 10,901,726.98 243952 Sole 243952
Ruby Tuesday Inc. Common 781182100 $ 2,649,025.00 124660 Sole 124660
Transocean Offshore Common 893817106 $ 9,595,032.05 357850 Sole 357850
Blue Rhino Common 095811105 $ 1,986,925.00 89300 Sole 89300
Rollins Truck Leasing Common 775741101 $ 2,561,485.00 173660 Sole 173660
Ross Stores Common 78296103 $ 12,256,650.00 311280 Sole 311280
Ryland Stores Common 783764103 $ 2,385,075.00 82600 Sole 82600
Southdown, Inc. Common 841297104 $ 249,773.36 4220 Sole 4220
Schering-Plough Common 806605101 $ 14,752,855.00 267020 Sole 267020
Shaw Inds. Common 820286102 $ 327,375.00 13500 Sole 13500
Sundstrand Corp. Common 867323107 $ 11,311,343.75 218050 Sole 218050
Solutia Common 834376105 $ 9,770,043.75 436650 Sole 436650
Sonic Corp. Common 835451105 $ 2,765,105.00 111160 Sole 111160
Sterling Software Common 859547101 $ 267,923.70 9900 Sole 9900
Mens Wearhouse Inc Common 587118100 $ 2,335,530.00 73560 Sole 73560
Super Valu Stores Common 868536103 $ 240,800.00 8600 Sole 8600
Amer. Tel. & Tel. Common 001957109 $ 15,434,527.50 205110 Sole 205110
Terex Corp. Common 880779103 $ 2,466,129.42 86340 Sole 86340
Teleflex Inc. Common 879369106 $ 2,527,168.75 55390 Sole 55390
Trigon Healthcare, Inc. Common 89618L100 $ 291,041.40 7800 Sole 7800
THQ Inc. Common 872443403 $ 2,968,000.00 106000 Sole 106000
TJX Companies Common 872540109 $ 17,669,990.00 609310 Sole 609310
Talbot's Inc Common 874161102 $ 2,894,343.75 92250 Sole 92250
Tommy Hilfiger Corp. Common G8915Z102 $ 14,236,800.00 237280 Sole 237280
Tower Automotive Common 891707101 $ 2,625,472.64 105280 Sole 105280
Unisys Corp. Common 909214108 $ 17,037,511.74 494730 Sole 494730
USG Corp. Common 903293405 $ 280,159.00 5500 Sole 5500
United Stationers Common 913004107 $ 1,925,560.00 74060 Sole 74060
Vulcan Materials Common 929160109 $ 263,126.00 2000 Sole 2000
Varlen Corp. Common 922248109 $ 2,062,408.78 89425 Sole 89425
Veritas DGC Inc. Common 92343P107 $ 1,200,550.00 92350 Sole 92350
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Winsloew Furniture Inc. Common 975377102 $ 2,635,425.00 99450 Sole 99450
Watson Pharmaceuticals Common 942683103 $ 17,699,312.50 281500 Sole 281500
$709,576,672.18
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