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, 2000
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 Torres
Titles: Manager, Corporate Administration
Phone: (650) 854-9150
Signature, Place, and Date of Signing:
Connie Robles Menlo Park, CA May 15, 2000
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: 90
Form 13F Information Table Value Total: $947,667
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 5666 96850 SH SOLE 96850
AT & T COM 001957109 4340 77062 SH SOLE 40302 36761
Abbott Labs COM 002824100 4819 136939 SH SOLE 71848 65091
American Home Products COM 026609107 255 4744 SH SOLE 4744
American Intl Grp COM 026874107 4705 42966 SH SOLE 24023 18943
Amgen COM 031162100 9357 152450 SH SOLE 84300 68150
Aspect Development COM 045234101 2006 31166 SH SOLE 31166
Bank of New York COM 064057102 293 7040 SH SOLE 7040
BankAmerica Corp COM 06605F102 784 14952 SH SOLE 4797 10155
Bell Atlantic COM 077853109 250 4094 SH SOLE 1680 2414
Bellsouth COM 079860102 219 4676 SH SOLE 2300 2376
Biogen COM 090597105 314 4500 SH SOLE 4000 500
Bristol-Myers Squibb COM 110122108 235 4044 SH SOLE 4044
Broadcom Corporation COM 111320107 11245 46300 SH SOLE 46300
Brocade Communications Systems COM 111621108 846 4720 SH SOLE 4720
C-Cube Microsystems COM 125015107 2363 32457 SH SOLE 32457
Celtrix Pharmaceuticals COM 151186103 54 10500 SH SOLE 10500
Chemtrak COM 163877103 0 40116 SH SOLE 40116
Chevron COM 166751107 774 8372 SH SOLE 1125 7247
Cisco Systems COM 17275R102 4624 59805 SH SOLE 35478 24327
Citigroup Inc COM 172967101 381 6371 SH SOLE 4150 2221
Coca Cola COM 191216100 209 4456 SH SOLE 820 3636
Cygnus Corp COM 232560102 4664 321662 SH SOLE 321662
Dover Corp COM 260003108 7623 159228 SH SOLE 81810 77418
E TOYS COM 297862104 300 33929 SH SOLE 33929
E.piphany Inc COM 26881v100 2056 15397 SH SOLE 15397
EMC Corp COM 268648102 11356 90125 SH SOLE 47975 42150
Elantec Semiconductor Inc COM 284155108 353 4798 SH SOLE 4798
Enron COM 293561106 7125 95160 SH SOLE 55202 39958
Equity Residential Properties COM 29476l107 3889 96775 SH SOLE 53925 42850
Exxon Mobil Corporation COM 30231g102 6013 77151 SH SOLE 39136 38015
Fedl Natl Mort Assn COM 313586109 410 7250 SH SOLE 3250 4000
Finisar Corporation COM 31787a101 620558 4235314 SH SOLE 4235314
Flextronics COM 339383101 3978 56472 SH SOLE 50150 6322
Fusion Medical COM 361128101 4153 212995 SH SOLE 212995
GTE COM 362320103 770 10843 SH SOLE 7755 3088
General Electric COM 369604103 1578 10141 SH SOLE 5890 4251
Halliburton COM 406216101 234 5690 SH SOLE 3360 2330
Hewlett Packard COM 428236103 1016 7643 SH SOLE 2552 5091
Home Depot COM 437076102 238 3690 SH SOLE 1125 2565
IBM COM 459200101 1210 10250 SH SOLE 10250
Inktomi Corporation COM 457277101 307 1576 SH SOLE 176 1400
Intel COM 458140100 17706 134196 SH SOLE 70474 63722
Johnson & Johnson COM 478160104 7589 108022 SH SOLE 59186 48836
Johnson Controls COM 478366107 7968 147390 SH SOLE 76990 70400
Juniper Networks Inc COM 48203r104 5341 20263 SH SOLE 1357 18906
Leggett & Platt COM 524660107 8197 381250 SH SOLE 194200 187050
Lucent Technology COM 549463107 2350 38372 SH SOLE 19773 18599
MBIA Inc COM 55262c100 7252 139300 SH SOLE 77950 61350
MGIC Investment Corp COM 552848103 1286 29475 SH SOLE 12650 16825
Merck COM 589331107 875 14089 SH SOLE 400 13689
Microsoft COM 594918104 4876 45891 SH SOLE 26072 19819
Morgan Stanley, Dean Witter, D COM 617446448 389 4688 SH SOLE 28 4660
NVIDIA Corporation COM 67066g104 368 4352 SH SOLE 4352
Nabors Industries COM 629568106 4557 117420 SH SOLE 67095 50325
Netro Corporation COM 64114r109 13010 200100 SH SOLE 100 200000
Network Appliance COM 64120l104 5198 62818 SH SOLE 62818
Newell Rubbermaid COM 651229106 3089 124488 SH SOLE 70900 53588
Oracle Systems COM 68389X105 332 4250 SH SOLE 4250
PeopleSoft Inc COM 712713106 396 19800 SH SOLE 19800
Pepsico COM 713448108 5967 171100 SH SOLE 91250 79850
Pfizer COM 717081103 1270 34735 SH SOLE 20200 14535
Physiometrix Inc COM 718928104 392 24106 SH SOLE 24106
Procter & Gamble COM 742718109 4437 78526 SH SOLE 43900 34626
Redback Networks Inc COM 757209101 2319 7732 SH SOLE 7667 65
SBC Communications COM 78387G103 5299 125795 SH SOLE 69463 56332
Sangstat Med Corp COM 801003104 1356 48985 SH SOLE 48985
Schering Plough COM 806605101 6155 165795 SH SOLE 80420 85375
Schlumberger COM 806857108 5885 76925 SH SOLE 43900 33025
Schwab Charles New COM 808513105 812 14298 SH SOLE 14298
Servicemaster COM 81760N109 1041 92555 SH SOLE 59738 32817
Shaman Pharmaceutical COM 819319500 54 103323 SH SOLE 103323
Solectron Corp COM 834182107 205 5098 SH SOLE 2800 2298
Sun Microsystems COM 866810104 12519 133604 SH SOLE 69930 63674
Sungard Data Systems COM 867363103 8043 213059 SH SOLE 117909 95150
Texas Instruments COM 882508104 354 2210 SH SOLE 2210
United Parcel Service CL B COM 911312106 4307 68375 SH SOLE 36900 31475
Venator COM 922944103 89 10000 SH SOLE 5000 5000
W W Grainger COM 384802104 7915 145900 SH SOLE 82400 63500
Walgreen COM 931422109 1511 58670 SH SOLE 34120 24550
Warner Lambert COM 934488107 812 8315 SH SOLE 8315
Wells Fargo COM 949740104 4283 105110 SH SOLE 54610 50500
Whole Foods Market COM 966837106 4523 109152 SH SOLE 56605 52547
Williams Communications Grp, I COM 969455104 3398 65500 SH SOLE 42350 23150
WorldCom Inc COM 55268b106 8554 188786 SH SOLE 99025 89761
Yahoo! COM 984332106 2641 15408 SH SOLE 14870 538
BP Amoco PLC (UK) FRGN 055622104 5420 101790 SH SOLE 55364 46426
Elan Corp PLC ADR (IRE) FRGN 284131208 8142 171402 SH SOLE 96100 75302
HSBC Holdings PLC ADR (HK)NEW FRGN 404280406 7378 121076 SH SOLE 68328 52748
Sony Corp ADR New (JPN) FRGN 835699307 10239 36550 SH SOLE 19900 16650
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