UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
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: Sand Hill Advisors, Inc.
Address: 3000 Sand Hill Road
Building 3, Suite 150
Menlo Park, CA 94025
13F File Number: 28-5390
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 rquired items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Connie Robles
Titles: Manager, Corporate Administration
Phone: (650) 854-9150
Signature, Place, and Date of Signing:
Connie Robles Menlo Park, CA August 9, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Manager:
No. 13F File Number Name
<PAGE>
<TABLE>
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASYST Technologies, Inc. COM 04648x107 3025 101050 SH SOLE 101050
Abbott Labs COM 002824100 5740 126500 SH SOLE 69800 56700
Albertson's COM 013104104 4236 82150 SH SOLE 47100 35050
American Home Products COM 026609107 307 5344 SH SOLE 5344
American Intl Grp COM 026874107 483 4116 SH SOLE 3691 425
Ameritech COM 030954101 6217 84580 SH SOLE 47150 37430
Amgen COM 031162100 4929 80975 SH SOLE 51525 29450
Apartment Investment & Mgmt Co COM 03748R101 5956 139315 SH SOLE 76115 63200
Aspect Development COM 045234101 843 45583 SH SOLE 45583
Atlantic Richfield COM 048825103 617 7385 SH SOLE 7335 50
Bank of New York COM 064057102 258 7040 SH SOLE 7040
BankAmerica Corp COM 06605F102 869 11848 SH SOLE 4316 7532
Becton, Dickinson COM 075887109 4854 161800 SH SOLE 93250 68550
Bell Atlantic COM 077853109 287 4394 SH SOLE 1680 2714
Best Foods COM 08658u101 206 4154 SH SOLE 4154
Biogen COM 090597105 334 5200 SH SOLE 4000 1200
Bristol-Myers Squibb COM 110122108 252 3584 SH SOLE 3584
Broadcom Corporation COM 111320107 9171 152857 SH SOLE 152857
C-Cube Microsystems COM 125015107 1543 48679 SH SOLE 48679
Cambridge Tech Partners Inc COM 132524109 1521 86625 SH SOLE 59725 26900
Chemtrak COM 163877103 0 40116 SH SOLE 40116
Chevron COM 166751107 795 8362 SH SOLE 1000 7362
Cisco Systems COM 17275R102 2032 31528 SH SOLE 18200 13328
Coca Cola COM 191216100 313 5056 SH SOLE 1420 3636
Cygnus Corp COM 232560102 4766 366612 SH SOLE 366612
Dover Corp COM 260003108 5006 143018 SH SOLE 77810 65208
EMC Corp COM 268648102 5854 106430 SH SOLE 55000 51430
Enron COM 293561106 628 7680 SH SOLE 5776 1904
Exxon COM 302290101 863 11189 SH SOLE 2015 9174
Fedl Natl Mort Assn COM 313586109 526 7700 SH SOLE 3400 4300
Flextronics COM 339383101 1556 28045 SH SOLE 24082 3963
Fusion Medical COM 361128101 1611 212995 SH SOLE 212995
GATX COM 361448103 1707 44850 SH SOLE 20250 24600
GTE COM 362320103 885 11718 SH SOLE 8240 3478
General Electric COM 369604103 1040 9207 SH SOLE 6490 2717
Halliburton COM 406216101 319 7060 SH SOLE 4860 2200
Hewlett Packard COM 428236103 697 6933 SH SOLE 2502 4431
Host Marriott COM 441078102 157 13214 SH SOLE 13214
IBM COM 459200101 1430 11065 SH SOLE 1927 9138
Intel COM 458140100 8891 149426 SH SOLE 79690 69736
International Network Services COM 460053101 751 18598 SH SOLE 18598
Johnson & Johnson COM 478160104 3185 32502 SH SOLE 18420 14082
Johnson Controls COM 478366107 6709 96800 SH SOLE 52150 44650
Leggett & Platt COM 524660107 4924 177050 SH SOLE 101650 75400
Lucent Technology COM 549463107 211 3125 SH SOLE 2099 1026
MBIA Inc COM 55262c100 5034 77750 SH SOLE 45250 32500
MGIC Investment Corp COM 552848103 4486 92250 SH SOLE 53400 38850
Marriott International COM 571900109 332 8873 SH SOLE 8873
Merck COM 589331107 1011 13730 SH SOLE 200 13530
Microsoft COM 594918104 3897 43207 SH SOLE 24522 18685
Mobil COM 607059102 5721 57934 SH SOLE 34050 23884
Morgan Stanley, Dean Witter, D COM 617446448 241 2344 SH SOLE 14 2330
Nabors Industries COM 629568106 4896 200870 SH SOLE 107920 92950
Network Appliance COM 64120l104 658 11783 SH SOLE 11783
Newell Rubbermaid COM 651229106 5233 112838 SH SOLE 65000 47838
Pepsico COM 713448108 5706 147500 SH SOLE 84850 62650
Perclose Inc. COM 71361C107 264 5500 SH SOLE 5500
Pfizer COM 717081103 1286 11800 SH SOLE 6900 4900
Physiometrix Inc COM 718928104 6 10000 SH SOLE 10000
Procter & Gamble COM 742718109 1105 12376 SH SOLE 3950 8426
Regions Financial COM 758940100 4924 128110 SH SOLE 70960 57150
SBC Communications COM 78387G103 477 8228 SH SOLE 3684 4544
Sangstat Med Corp COM 801003104 780 45243 SH SOLE 45243
Sara Lee COM 803111103 2419 106620 SH SOLE 48400 58220
Schering Plough COM 806605101 7553 143865 SH SOLE 70670 73195
Schlumberger COM 806857108 5004 78575 SH SOLE 44050 34525
Servicemaster COM 81760N109 3742 199569 SH SOLE 105048 94521
Sherwin Williams COM 824348106 5837 210350 SH SOLE 116100 94250
State Street Corp COM 857477103 213 2500 SH SOLE 2500
Sun Microsystems COM 866810104 6956 100996 SH SOLE 53306 47690
Sungard Data Systems COM 867363103 6464 187359 SH SOLE 110709 76650
Transamerica COM 893485102 393 5235 SH SOLE 3435 1800
Vantive Corp COM 922091103 229 20000 SH SOLE 20000
Venator COM 922944103 104 10000 SH SOLE 10000
Versar Inc COM 925297103 24 10000 SH SOLE 10000
W W Grainger COM 384802104 5166 96000 SH SOLE 58850 37150
Walgreen COM 931422109 2420 82370 SH SOLE 49320 33050
Warner Lambert COM 934488107 579 8375 SH SOLE 8375
Wells Fargo COM 949740104 430 10060 SH SOLE 8310 1750
Whole Foods Market COM 966837106 6540 136080 SH SOLE 75055 61025
Yahoo! COM 984332106 1325 7690 SH SOLE 7374 316
BP Amoco PLC (UK) FRGN 055622104 3013 27770 SH SOLE 16532 11238
Elan Corp PLC ADR (IRE) FRGN 284131208 3931 141656 SH SOLE 89456 52200
HSBC Holdings PLC ADR (HK) FRGN 404280307 1789 4904 SH SOLE 2960 1944
Nortel Networks Corporation FRGN 656569100 3531 40673 SH SOLE 25123 15550
Panamerican Beverages FRGN p74823108 2210 92810 SH SOLE 53450 39360
Sony Corp ADR New (JPN) FRGN 835699307 4917 44550 SH SOLE 25700 18850
Vodafone AirTouch PLC - SP ADR FRGN 92857T107 2954 14995 SH SOLE 10050 4945
</TABLE>
