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, 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 November 12, 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: 86
Form 13F Information Table Value Total: $238,877,000
List of Other Included Manager:
No. 13F File Number Name
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<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 3269 99050 SH SOLE 99050
Abbott Labs COM 002824100 4931 134398 SH SOLE 73098 61300
Albertson's COM 013104104 4152 104950 SH SOLE 60900 44050
American Home Products COM 026609107 263 6344 SH SOLE 6344
American Intl Grp COM 026874107 442 5081 SH SOLE 4613 468
Ameritech COM 030954101 5506 82480 SH SOLE 44750 37730
Amgen COM 031162100 6424 78825 SH SOLE 48925 29900
Apartment Investment & Mgmt Co COM 03748R101 5776 151015 SH SOLE 79065 71950
Aspect Development COM 045234101 1154 45583 SH SOLE 45583
Bank of New York COM 064057102 235 7040 SH SOLE 7040
BankAmerica Corp COM 06605F102 795 14273 SH SOLE 4016 10257
Bell Atlantic COM 077853109 296 4394 SH SOLE 1680 2714
Best Foods COM 08658u101 202 4154 SH SOLE 4154
Biogen COM 090597105 378 4800 SH SOLE 4000 800
Bristol-Myers Squibb COM 110122108 259 3844 SH SOLE 3844
Broadcom Corporation COM 111320107 16647 152723 SH SOLE 152723
Brocade Communications Systems COM 111621108 388 1846 SH SOLE 1846
C-Cube Microsystems COM 125015107 2118 48679 SH SOLE 48679
Cambridge Tech Partners Inc COM 132524109 356 24550 SH SOLE 16300 8250
Chemtrak COM 163877103 0 40116 SH SOLE 40116
Chevron COM 166751107 749 8435 SH SOLE 1000 7435
Cisco Systems COM 17275R102 1793 26152 SH SOLE 16009 10143
Coca Cola COM 191216100 208 4321 SH SOLE 620 3701
Cygnus Corp COM 232560102 4107 366112 SH SOLE 366112
Dover Corp COM 260003108 5684 139068 SH SOLE 72710 66358
E TOYS COM 297862104 4349 73254 SH SOLE 73254
EMC Corp COM 268648102 7586 106280 SH SOLE 54600 51680
Elantec Semiconductor Inc COM 284155108 250 14117 SH SOLE 14117
Enron COM 293561106 614 14960 SH SOLE 10752 4208
Exxon COM 302290101 955 12572 SH SOLE 2624 9948
Fedl Natl Mort Assn COM 313586109 471 7520 SH SOLE 3250 4270
Flextronics COM 339383101 2669 45863 SH SOLE 40900 4963
Fusion Medical COM 361128101 2769 212995 SH SOLE 212995
GATX COM 361448103 1519 48900 SH SOLE 20650 28250
GTE COM 362320103 885 11508 SH SOLE 8030 3478
General Electric COM 369604103 1237 10431 SH SOLE 6490 3941
Halliburton COM 406216101 289 7060 SH SOLE 4860 2200
Hewlett Packard COM 428236103 816 8988 SH SOLE 4257 4731
IBM COM 459200101 1570 12977 SH SOLE 1927 11050
Intel COM 458140100 11119 149630 SH SOLE 78990 70640
International Network Services COM 460053101 1109 20388 SH SOLE 20388
Johnson & Johnson COM 478160104 3228 35134 SH SOLE 20786 14348
Johnson Controls COM 478366107 6737 101600 SH SOLE 54500 47100
Leggett & Platt COM 524660107 5551 281950 SH SOLE 156950 125000
MBIA Inc COM 55262c100 4732 101500 SH SOLE 54300 47200
MCI WorldCom, Inc. COM 55268b106 3547 49350 SH SOLE 29450 19900
MGIC Investment Corp COM 552848103 4511 94475 SH SOLE 53400 41075
Merck COM 589331107 890 13730 SH SOLE 200 13530
Microsoft COM 594918104 3979 43941 SH SOLE 24372 19569
Mobil COM 607059102 5817 57734 SH SOLE 33750 23984
Morgan Stanley, Dean Witter, D COM 617446448 219 2459 SH SOLE 14 2445
Nabors Industries COM 629568106 4217 168670 SH SOLE 85070 83600
Netro Corporation COM 64114r109 5475 200000 SH SOLE 200000
Network Appliance COM 64120l104 2295 32038 SH SOLE 32038
Newell Rubbermaid COM 651229106 2243 78538 SH SOLE 30050 48488
Pepsico COM 713448108 4663 152900 SH SOLE 85500 67400
Pfizer COM 717081103 1286 35835 SH SOLE 21000 14835
Physiometrix Inc COM 718928104 5 10000 SH SOLE 10000
Procter & Gamble COM 742718109 1360 14506 SH SOLE 6080 8426
Redback Networks Inc COM 757209101 229 2122 SH SOLE 2122
Regions Financial COM 758940100 3941 131360 SH SOLE 70360 61000
SBC Communications COM 78387G103 430 8428 SH SOLE 3684 4744
Sangstat Med Corp COM 801003104 967 45243 SH SOLE 45243
Schering Plough COM 806605101 6573 150665 SH SOLE 73020 77645
Schlumberger COM 806857108 4871 78175 SH SOLE 43900 34275
Schwab Charles New COM 808513105 712 21298 SH SOLE 21298
Servicemaster COM 81760N109 3214 200100 SH SOLE 104448 95652
Sherwin Williams COM 824348106 1723 82300 SH SOLE 55650 26650
Sun Microsystems COM 866810104 9130 98168 SH SOLE 51406 46762
Sungard Data Systems COM 867363103 5043 191659 SH SOLE 107509 84150
Vantive Corp COM 922091103 209 24000 SH SOLE 24000
Venator COM 922944103 86 10000 SH SOLE 10000
W W Grainger COM 384802104 5336 111025 SH SOLE 64375 46650
Walgreen COM 931422109 1915 75470 SH SOLE 42820 32650
Warner Lambert COM 934488107 556 8375 SH SOLE 8375
Wells Fargo COM 949740104 399 10060 SH SOLE 8310 1750
Whole Foods Market COM 966837106 4508 137780 SH SOLE 73955 63825
Xilinx Incorporated COM 983919101 215 3285 SH SOLE 3285
Yahoo! COM 984332106 1378 7675 SH SOLE 7374 301
Smart Choice Auto Warrants Exp WT 831686118 0 10400 SH SOLE 10400
BP Amoco PLC (UK) FRGN 055622104 3124 28195 SH SOLE 16482 11713
Elan Corp PLC ADR (IRE) FRGN 284131208 5041 150208 SH SOLE 91756 58452
HSBC Holdings PLC ADR (HK)NEW FRGN 404280406 1809 31154 SH SOLE 19500 11654
Panamerican Beverages FRGN p74823108 2067 124810 SH SOLE 65250 59560
Sony Corp ADR New (JPN) FRGN 835699307 6685 44550 SH SOLE 25550 19000
Vodafone AirTouch PLC - SP ADR FRGN 92857T107 3619 15220 SH SOLE 10300 4920
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