UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: September 30, 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: Cambridge Investments, Ltd.
Address: 600 Montgomery Street
San Francisco, California 94111
Form 13F File Number: 28-06432
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: Courtney Tozzi
Title: Vice President
Phone: (415) 781-0866
Signature, Place, and Date of Signing:
/s/ Courtney Tozzi San Francisco, California November 3 , 2000
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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 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: 14
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Form 13F Information Table Value Total: $758,377
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(thousands)
List of Other Included Managers:
{None}
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Form 13F INFORMATION TABLE - Cambridge Investments, Ltd. (quarter ending 9/30/00)
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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VOTING AUTHORITY
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NAME OF ISSUER TITLE OF CUSIP VALUE SHRS OR PRN SH/ PUT/ INVESTMENT OTHER SOLE SHARED NONE
CLASS (X1000) AMOUNT PRN CALL DISCRETION MANAGERS
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BJ SVCS CO COMMON 055482103 50,573 827,372 SH SOLE 827,372
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COOPER CAMERON CORP COMMON 216640102 27,862 378,115 SH SOLE 378,115
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ENSCO INTL INC COMMON 26874Q100 104,545 2,733,194 SH SOLE 2,733,194
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R&B FALCON CORP COMMON 74912E101 95,001 3,408,097 SH SOLE 3,408,097
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GLOBAL MARINE INC COMMON 379352404 23,007 745,161 SH SOLE 745,161
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HALLIBURTON CO COMMON 406216101 56,389 1,152,269 SH SOLE 1,152,269
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PHILIP MORRIS COS INC COMMON 718154107 256 8,700 SH SOLE 8,700
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NABORS INDS INC COMMON 629568106 137,804 2,629,849 SH SOLE 2,629,849
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NOBLE DRILLING CORP COMMON 655042109 55,712 1,108,695 SH SOLE 1,108,695
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ROWAN COS INC. COMMON 779382100 38,085 1,313,286 SH SOLE 1,313,286
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TRANSOCEAN SEDCO FOREX INC ORD G90078109 57,386 978,873 SH SOLE 978,873
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SANTA FE INTL CORP ORD G7805C108 42,483 942,758 SH SOLE 942,758
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SMITH INTL INC COMMON 832110100 25,703 315,137 SH SOLE 315,137
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SCHLUMBERGER LTD COMMON 806857108 43,571 529,333 SH SOLE 529,333
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