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, 1999
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Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Brandes Investment Partners, L.P.
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Address: 12750 High Bluff Drive
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San Diego, CA 92130
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Form 13F File Number: 28- 5620
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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: Glenn R. Carlson
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Title: Managing Partner
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Phone: (619) 755-0239
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Signature, Place, and Date of Signing:
/s/ Glenn R. Carlson San Diego, CA 5/14/99
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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.)
[ ] 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 is 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: 143
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Form 13F Information Table Value Total: $11,311,158
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(thousands)
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Form 13F INFORMATIONAL TABLE
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<CAPTION>
FORM 13F 03/31/1999
REPORTING MANAGER: BRANDES INVESTMENT PARTNERS, L.P. Page 1
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY
OF (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
CLASS
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<S> <C> <C> <C> <C> <C> <C> <C>
Alcatel SP ADR 013904305 302,592 13,264,295 SH SOLE 13,264,295
Alleghany Corp DEL COM 017175100 678 3,689 SH SOLE 3,689
Alliance Bancorp COM 01852J105 1,502 84,603 SH SOLE 84,603
American Greetings Corp CL A 026375105 11,066 436,090 SH SOLE 436,090
Anangel-Amern Shiphldg Ltd SP ADR 032721201 593 133,680 SH SOLE 133,680
Anglo Amern Corp South Africa ADR 034861302 43,529 1,252,630 SH SOLE 1,252,630
Aracruz Cellulose S A SP ADR CL B 038496204 945 65,190 SH SOLE 65,190
Archer Daniels Midland Co COM 039483102 133,481 9,088,089 SH SOLE 9,088,089
BOC Group PLC SP ADR 055617609 109,354 3,994,665 SH SOLE 3,994,665
Banco Ganadero S A SP ADR PREF C 059594507 640 68,250 SH SOLE 68,250
Banco Wiese SP ADR 059651109 359 151,030 SH SOLE 151,030
Banco Santiago SP ADR REP COM 05965L105 916 51,970 SH SOLE 51,970
Beijing Yanhua Petrochem SP ADR H SHS 07725N108 377 91,360 SH SOLE 91,360
Boeing Co COM 097023105 161,794 4,741,212 SH SOLE 4,741,212
BostonFed Bancorp Inc COM 101178101 2,240 124,453 SH SOLE 124,453
British Amern Tob Plc SP ADR 110448107 197,580 11,053,415 SH SOLE 11,053,415
British Stl PLC ADR FINAL INST 111015301 186,026 9,214,897 SH SOLE 9,214,897
Browning Ferris Inds COM 115885105 871 22,590 SH SOLE 22,590
CFS Bancorp Inc COM 12525D102 1,046 99,660 SH SOLE 99,660
Canon Inc ADR 138006309 135,920 5,692,983 SH SOLE 5,692,983
Case Corp COM 14743R103 164,339 6,476,420 SH SOLE 6,476,420
Catskill Finl Corp COM 149348104 3,842 252,955 SH SOLE 252,955
Cendant Corp COM 151313103 5,256 333,700 SH SOLE 333,700
Chase Manhattan Corp New COM 16161A108 1,140 14,020 SH SOLE 14,020
Columbia HCA Healthcare Corp COM 197677107 187,012 9,875,238 SH SOLE 9,875,238
Community Svgs Bankshares New COM 204037105 2,653 212,210 SH SOLE 212,210
CIA Cerverjaria Brahma SP ADR PFD 20440X103 295,520 31,733,707 SH SOLE 31,733,707
CIA Paranaense Energ Cop SP ADR PFD 20441B407 295 39,370 SH SOLE 39,370
CIA Anonima Nacionl Tel SP ADR 7D SHS 204421101 287,437 15,804,087 SH SOLE 15,804,087
Copene Petroq Nordeste SA SP ADR PFD A 217252105 931 165,530 SH SOLE 165,530
Covest Bancshares Inc COM 223032103 4,658 313,176 SH SOLE 313,176
De Beers Cons. Mines Ltd ADR DEFD 240253302 248,170 13,104,680 SH SOLE 13,104,680
Deutsche Telekom AG SP ADR 251566105 527,560 13,046,306 SH SOLE 13,046,306
Diageo PLC SP ADR NEW 25243Q205 388,858 8,490,344 SH SOLE 8,490,344
ENI SPA SP ADR 26874R108 211,872 3,356,396 SH SOLE 3,356,396
East West Bancorp Inc COM 27579R104 1,502 168,000 SH SOLE 168,000
Elf Aquitaine SP ADR 286269105 460,078 6,834,956 SH SOLE 6,834,956
Embratel Participacoes SA SP ADR PFD 29081N100 27,556 1,651,320 SH SOLE 1,651,320
Empresa Nacional De Elctrcidad SP ADR 29244T101 9,352 665,012 SH SOLE 665,012
Entergy Corp New COM 29364G103 172,471 6,271,688 SH SOLE 6,271,688
Espirito Santo Finl Group SA SP ADR 29665F200 2,163 136,760 SH SOLE 136,760
FSF Finl Corp COM 30262K105 2,502 181,970 SH SOLE 181,970
Fidelity Bancorp Inc DEL COM 31583B105 943 40,791 SH SOLE 40,791
First Bell Bancorp Inc COM 319301107 3,550 208,800 SH SOLE 208,800
First Defiance Fin Corp COM 32006W106 1,100 104,804 SH SOLE 104,804
First Sentinel Bancorp Inc COM 33640T103 9,900 1,237,530 SH SOLE 1,237,530
Firstfed Amer Bancorp Inc COM 337929103 5,846 487,140 SH SOLE 487,140
FirstEnergy Corp COM 337932107 20,374 729,277 SH SOLE 729,277
Frankfort First Bancorp Inc COM NEW 352128201 339 22,867 SH SOLE 22,867
GA Finl Inc COM 361437106 2,706 183,450 SH SOLE 183,450
GS Finl Corp COM 362274102 1,941 163,430 SH SOLE 163,430
Great Lakes Chemical Corp COM 390568103 99,221 2,699,881 SH SOLE 2,699,881
Groupe Danone SP ADR 399449107 544 10,895 SH SOLE 10,895
Hanna M A Co COM 410522106 502 39,210 SH SOLE 39,210
Harland John H Co COM 412693103 938 72,465 SH SOLE 72,465
Hitachi Limited ADR 10 COM 433578507 709,680 9,755,055 SH SOLE 9,755,055
Hudson Riv Bancorp Inc COM 444128102 6,843 625,625 SH SOLE 625,625
IBP Inc COM 449223106 113,783 6,109,171 SH SOLE 6,109,171
ISB Finl Corp LA COM 450091103 3,354 185,026 SH SOLE 185,026
Imperial Chem INDS PLC ADR NEW 452704505 192,461 5,374,134 SH SOLE 5,374,134
Independence CMNTY BK COM 453414104 22,738 1,766,080 SH SOLE 1,766,080
The India Fd Inc COM 454089103 135 14,414 SH SOLE 14,414
Industrial Bancorp Inc COM 455882100 1,894 97,740 SH SOLE 97,740
ING Groep NV SP ADR 456837103 161,888 2,946,767 SH SOLE 2,946,767
Jefferson Smurfit Group PLC SP ADR 47508W107 13,023 651,173 SH SOLE 651,173
Klamath First Bancorp Inc COM 49842P103 1,252 76,440 SH SOLE 76,440
Koor Inds LTD SP ADR 500507108 627 29,700 SH SOLE 29,700
Korea Electric Pwr SP ADR 500631106 150,987 11,900,417 SH SOLE 11,900,417
Kubota Corp ADR 501173207 9,670 188,675 SH SOLE 188,675
Kyocera Corp ADR 501556203 291,427 5,537,814 SH SOLE 5,537,814
Lockheed Martin Corp COM 539830109 45,400 1,204,642 SH SOLE 1,204,642
Loews Corp COM 540424108 119,419 1,600,260 SH SOLE 1,600,260
Lubrizol Corp COM 549271104 107,144 4,761,946 SH SOLE 4,761,946
Massbank Corp Read Mass COM 576152102 2,074 54,755 SH SOLE 54,755
Matsushita Elec Indl ADR 576879209 322,749 1,669,031 SH SOLE 1,669,031
Midland Bk PLC Unit SP ADR S 597433606 2,983 110,740 SH SOLE 110,740
Motorola Inc COM 620076109 198,670 2,712,220 SH SOLE 2,712,220
Ntl Westminster BK Plc ADR REP PREF B 638539700 2,879 110,202 SH SOLE 110,202
North Cent Bancshares Inc COM 658418108 3,832 228,792 SH SOLE 228,792
Northrop Grumman Corp COM 666807102 983 16,420 SH SOLE 16,420
Ocean Finl Corp COM 674904107 2,526 175,730 SH SOLE 175,730
Octel Corp COM 675727101 4,625 377,561 SH SOLE 377,561
Oregon Trail Finl Corp COM 685932105 2,302 178,760 SH SOLE 178,760
PFF Bancorp Inc COM 69331W104 11,153 637,287 SH SOLE 637,287
Peekskill Financial Corp COM 705385102 2,295 169,970 SH SOLE 169,970
Peoples Bancorp Inc COM 709909105 14,385 1,456,753 SH SOLE 1,456,753
Phelps Dodge Corp COM 717265102 666 13,520 SH SOLE 13,520
Philip Morris Cos Inc COM 718154107 108,274 3,077,071 SH SOLE 3,077,071
Pohang Iron & Stl Ltd SP ADR 730450103 109,932 6,150,037 SH SOLE 6,150,037
Provident Finl Hldgs Inc COM 743868101 4,292 258,145 SH SOLE 258,145
Quilmes Indl Quinsa Soc SP ADR NB PFD 74838Y108 299 31,720 SH SOLE 31,720
Quinenco SA SP ADR 748718103 1,618 162,853 SH SOLE 162,853
Raytheon Co CL B 755111408 144,313 2,461,627 SH SOLE 2,461,627
Readers Digest Assn Inc CL A NON VTG 755267101 100,659 3,201,883 SH SOLE 3,201,883
Reebok Intl Ltd COM 758110100 88,730 5,589,314 SH SOLE 5,589,314
Reuters Group PLC SP ADR 76132M102 646 7,438 SH SOLE 7,438
Rio Tinto Plc SP ADR 767204100 5,480 99,645 SH SOLE 99,645
Rostelecom OPEN JT STK LNG DST SP ADR 778529107 63 13,380 SH SOLE 13,380
Royal PTT Nederland NV SP ADR 780641205 62,750 1,581,114 SH SOLE 1,581,114
SLM Hldg Corp COM 78442A109 200,939 4,812,906 SH SOLE 4,812,906
Safeco Corp COM 786429100 124,063 3,068,018 SH SOLE 3,068,018
St Paul Co Inc COM 792860108 118,963 3,829,786 SH SOLE 3,829,786
Sasol Ltd SP ADR 803866300 234 48,040 SH SOLE 48,040
Service Corp Intl COM 817565104 31,411 2,204,282 SH SOLE 2,204,282
Shandong Huaneng Pw Dev Ltd SP ADR N 819419102 1,257 335,140 SH SOLE 335,140
Shanghai Petrochemical Ltd SP ADR H 819424102 381 35,430 SH SOLE 35,430
Sherwin Williams Comp COM 824348106 704 25,045 SH SOLE 25,045
Sony Corp ADR NEW 835699307 31,450 344,425 SH SOLE 344,425
State Finl Svcs Corp CL A 856855101 3,125 260,416 SH SOLE 260,416
Swisscom AD AP ADR 871013108 97,449 2,502,700 SH SOLE 2,502,700
Tecumseh Prods Co CL B 878895101 3,415 75,259 SH SOLE 75,259
Tecumseh Prods Co CL A 878895200 1,515 29,750 SH SOLE 29,750
Tele Celular Sul Part SA SP ADR PFD 879238103 3,018 157,790 SH SOLE 157,790
Tele Centro Sul Part SA SP ADR PFD 879239101 15,254 330,263 SH SOLE 330,263
Tele Centro Oeste Cel SA SP ADR PFD 87923P105 1,939 525,906 SH SOLE 525,906
Telenorte Leste Part SA SP ADR PFD 879246106 25,422 1,653,470 SH SOLE 1,653,470
Tele Nordeste Cel Part SA SP ADR PFD 87924W109 1,755 78,887 SH SOLE 78,887
Tele Norte Leste Part SA SP ADR PFD 87924Y105 938 31,544 SH SOLE 31,544
Telecom Italia Spa SP ADR ORD 87927W106 508,514 4,871,989 SH SOLE 4,871,989
Telecomunicacoes Brasileiras S SP ADR 879287100 3 19,573 SH SOLE 19,573
Telecomunicacoes Brasileiras S SP ADR 879287308 208,607 2,587,375 SH SOLE 2,587,375
Telefonica De Argentina SP ADR CL B 879378206 38,859 1,284,585 SH SOLE 1,284,585
Telefonos de Mexico SA SP ADR REP ORD 879403780 725,200 11,071,753 SH SOLE 11,071,753
Teleleste Celular Part SA SP ADR PFD 87943B102 1,009 31,544 SH SOLE 31,544
Telemig Celular Part SA SP ADR PFD 87944E105 2,066 78,887 SH SOLE 78,887
Telesp Participacoes SA SP ADR PFD 87952K100 34,058 1,651,320 SH SOLE 1,651,320
Telesp Celular Part SA SP ADR PFD 87952L108 13,830 660,527 SH SOLE 660,527
Thistle Group Hldgs Co COM 88431E103 4,191 493,030 SH SOLE 493,030
Tokio Marine & Fire Ins Ltd ADR NEW 889090403 385,938 6,876,400 SH SOLE 6,876,400
Tomkins Plc SP ADR 890030208 61,791 4,154,033 SH SOLE 4,154,033
Toys R Us Inc COM 892335100 129,136 6,864,364 SH SOLE 6,864,364
Tupperware Corp COM 899896104 1,187 65,930 SH SOLE 65,930
UST Inc COM 902911106 110,442 4,227,433 SH SOLE 4,227,433
Unibanco-Uniao Bncs Brs GDR REP PFD UT 90458E107 1,865 96,900 SH SOLE 96,900
Unicom Corp COM 904911104 82,249 2,249,545 SH SOLE 2,249,545
Union Planters Corp COM 908068109 1,802 41,010 SH SOLE 41,010
United Cmnty Finl Corp Ohio COM 909839102 654 55,660 SH SOLE 55,660
Warwick Cmnty Bancorp Inc COM 936559103 2,919 220,315 SH SOLE 220,315
Waste Mgnt Inc Del COM 94106L109 114,731 2,585,496 SH SOLE 2,585,496
Wellman Inc COM 949702104 210 23,615 SH SOLE 23,615
WesterFed Fin Corp COM 957550106 1,421 84,040 SH SOLE 84,040
YPF Sociedad Anonima SP ADR CL D 984245100 621,633 19,695,309 SH SOLE 19,695,309
DaimlerChrysler AG ORD D1668R123 128 3,272 SH SOLE 3,272
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