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: June 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 August 9, 2000
[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: $634,202
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(thousands)
List of Other Included Managers:
None
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<TABLE>
<CAPTION>
Form 13F INFORMATION TABLE - Cambridge Investments, Ltd.
(quarter ending 6/30/00)
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
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SHRS OR
NAME OF ISSUER TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
CLASS CUSIP (x$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BJ SVCS CO COMMON 055482103 59,432 950,908 SOLE 950,908
COOPER CAMERON CORP COMMON 216640102 23,513 356,265 SOLE 356,265
ENSCO INTL INC COMMON 26874Q100 92,699 2,588,445 SOLE 2,588,445
R&B FALCON CORP COMMON 74912E101 69,171 2,935,660 SOLE 2,935,660
GLOBAL MARINE INC COMMON 379352404 20,244 718,200 SOLE 718,200
HALLIBURTON CO COMMON 406216101 55,015 1,165,891 SOLE 1,165,891
PHILIP MORRIS COS INC COMMON 718154107 231 8,700 SOLE 8,700
NABORS INDS INC COMMON 629568106 100,780 2,424,786 SOLE 2,424,786
NOBLE DRILLING CORP COMMON 655042109 44,108 1,070,901 SOLE 1,070,901
ROWAN COS INC COMMON 779382100 39,051 1,285,630 SOLE 1,285,630
TRANSOCEAN SEDCO FOREX INC ORD G90078109 37,644 704,457 SOLE 704,457
SANTA FE INTL CORP ORD G7805C108 35,267 1,009,428 SOLE 1,009,428
SMITH INTL INC COMMON 832110100 21,615 296,854 SOLE 296,854
SCHLUMBERGER LTD COMMON 806857108 35,432 474,806 SOLE 474,806
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