UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: Portfolio Advisory Services, LLC
Address: 725 South Figueroa Street
Suite 2328
Los Angeles, CA 90017
13F File Number: 28-6586
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: Kenneth A. Culley
Title: Compliance Officer
Phone: 213-688-9671
Signature, Place, and Date of Signing:
Kenneth A. Culley Los Angeles, CA January 27, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 138
Form 13F Information Table Value Total: $291,114
List of Other Included Managers:
No. 13F File Number Name
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<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
<C>
<C>
D ALCOA, Inc. COM 013817101 1992 24000
SH Sole 22700 950
D AXA Financial Inc. COM 002451102 1650 48720
SH Sole 46100 1900
D Advanced Digital Info. Corp. COM 007525108 1666 34260
SH Sole 32200 1500
D Advanced Fibre Comm. COM 00754A105 2279 51000
SH Sole 47900 2300
D Affymetrix Inc. COM 00826T108 2596 15300
SH Sole 14480 600
D Akamai Technologies Inc. COM 00971T101 1972 6020
SH Sole 5650 270
D Amdocs Ltd. COM G02602103 1610 46680
SH Sole 44200 1800
D America Online Inc. COM 02364J104 1956 25930
SH Sole 24600 1000
D American Eagle Outfitters Inc. COM 02553E106 1593 35400
SH Sole 33600 1400
D American Express COM 025816109 1962 11800
SH Sole 11130 500
D Analog Devices Inc. COM 032654105 2241 24100
SH Sole 22700 1100
D Applied Materials, Inc. COM 038222105 3058 24140
SH Sole 22840 950
D Ariba Inc. COM 04033V104 2654 14960
SH Sole 14010 700
D Atmel Corp. COM 049513104 1750 59200
SH Sole 55600 2600
D Barrick Gold Corp. COM 067901108 1834 103700
SH Sole 98200 4000
D BroadVision Inc. COM 111412102 3658 21510
SH Sole 20320 900
D Broadcom Corp. COM 111320107 3195 11730
SH Sole 11100 500
D Business Objects S A COM 12328X107 2655 19870
SH Sole 18800 800
D CDW Computer Centers, Inc. COM 125129106 2157 27430
SH Sole 26000 1100
D CMG Information Svcs. Inc. COM 125750109 3176 11470
SH Sole 10860 450
D CSG Systems Int'l Inc. COM 126349109 2471 61970
SH Sole 59000 2400
D CTS Corp. COM 126501105 2163 28700
SH Sole 27300 1100
D Carrier Access Corp. COM 144460102 2403 35700
SH Sole 33900 1400
D Celestica Inc. COM 15101Q108 2946 53080
SH Sole 50400 2000
D Champion International COM 158525105 1920 31000
SH Sole 29350 1200
D Charles Schwab Corp. COM 808513105 1823 47500
SH Sole 44600 2100
D Check Point Software Tech. COM M22465104 2717 13670
SH Sole 13000 500
D Chemdex Corp. COM 163595101 1077 9700
SH Sole 9140 400
D Chiron Corp. COM 170040109 2284 53900
SH Sole 50970 2150
D Citigroup Inc. COM 172967101 1714 30840
SH Sole 29200 1200
D Citrix Systems Inc. COM 177376100 3044 24750
SH Sole 23500 1000
D Commerce One Inc. COM 200693109 2350 11960
SH Sole 11300 470
D Commscope Inc. COM 203372107 1558 38660
SH Sole 36600 1500
D Compaq Computer COM 204493100 1678 62000
SH Sole 58180 2800
D Convergys Corp. COM 212485106 2031 66050
SH Sole 62500 2600
D Cooper Cameron Corp. COM 216640102 2129 43500
SH Sole 41170 1700
D Credence Systems Corp. COM 225302108 1996 23070
SH Sole 21700 1000
D Dollar Tree Stores COM 256747106 1740 35930
SH Sole 34000 1400
D DoubleClick Inc COM 258609304 2822 11150
SH Sole 10600 400
D Dover Corp. COM 260003108 1593 35100
SH Sole 32920 1600
D Du Pont COM 263534109 1555 23600
SH Sole 22110 1100
D Dycom Industries COM 267475101 1965 44600
SH Sole 42260 1700
D E-Tek Dynamics Inc. COM 269240107 2248 16700
SH Sole 15720 700
D EMC Corp. COM 268648102 2468 22590
SH Sole 21400 900
D Enzon Inc. COM 293904108 1917 44200
SH Sole 41480 2000
D Ericsson LM Telephone Co. COM 294821400 2415 36770
SH Sole 34900 1400
D FedEx Corp. COM 31428X106 1953 47700
SH Sole 45100 1900
D Flextronics Int'l Ltd COM Y2573F102 1646 35780
SH Sole 33600 1600
D Gap, Inc. COM 364760108 2839 61710
SH Sole 58290 2500
D Georgia Pacific COM 373298108 2131 42000
SH Sole 39750 1640
D Go2Net Inc. COM 383486107 1865 21440
SH Sole 20300 800
D Goldman Sachs Group COM 38141G104 1904 20220
SH Sole 19100 800
D Harmonic Inc. COM 413160102 1937 20400
SH Sole 19150 910
D Homestake Mining COM 437614100 1558 199400
SH Sole 187200 8900
D Human Genome Sciences COM 444903108 2656 17400
SH Sole 16400 800
D I2 Technologies COM 465754109 3001 15390
SH Sole 14570 600
D ISS Group Inc. COM 450306105 2455 34520
SH Sole 32500 1500
D Immunex Corp. COM 452528102 2759 25200
SH Sole 23840 1000
D Infospace.Com COM 45678T102 2315 10820
SH Sole 10200 500
D Insight Enterprises Inc. COM 45765U103 1857 45700
SH Sole 43200 1800
D InterVu Inc. COM 46114R106 1711 16300
SH Sole 15300 730
D International Paper COM 460146103 2754 48800
SH Sole 46200 1900
D Internet Capital Group COM 46059C106 2543 14960
SH Sole 14160 580
D JDS Uniphase Corp. COM 46612J101 1323 8200
SH Sole 7780 300
D Jabil Circuit Inc. COM 466313103 2071 28370
SH Sole 26900 1100
D Juniper Networks COM 48203R104 1938 5700
SH Sole 5400 220
D KLA Instruments COM 482480100 2268 20360
SH Sole 19300 800
D Kana Communications COM 483600102 1349 6580
SH Sole 6200 300
D Kansas City Southern Corp WI COM 485170104 2209 29600
SH Sole 27980 1200
D Keane Inc. COM 486665102 1587 50000
SH Sole 46900 2300
D Kerr McGee Corp. COM 492386107 2114 34100
SH Sole 32280 1330
D King Pharmaceuticals COM 495582108 2591 46220
SH Sole 43900 1800
D Knight Trimark Group COM 499067106 2469 53680
SH Sole 50930 2000
D Kulicke and Soffa Industries I COM 501242101 1645 38641
SH Sole 36300 1700
D Lam Research Corp. COM 512807108 2030 18200
SH Sole 17240 700
D Lincare Holdings Inc. COM 532791100 2151 62000
SH Sole 58720 2390
D Lowes Companies COM 548661107 2389 39980
SH Sole 37900 1600
D Lycos Inc. COM 550818108 1916 24080
SH Sole 22600 1100
D MGC Communications COM 552763302 2015 39700
SH Sole 37260 1780
D Management Network Grp COM 561693102 772 23650
SH Sole 22210 1090
D Marsh & Mclennan Companies COM 571748102 2076 21700
SH Sole 20540 850
D MedImmune Inc. COM 584699102 2022 12190
SH Sole 11500 500
D Mercury Interactive Corp. COM 589405109 2708 25090
SH Sole 23800 1000
D Metris Companies COM 591598107 1606 44990
SH Sole 42500 1700
D Metromedia Fiber Network COM 591689104 1645 34310
SH Sole 32200 1500
D Micron Technology COM 595112103 1990 25600
SH Sole 24230 1000
D Microsoft Corp. COM 594918104 1646 14100
SH Sole 13240 630
D Millennium Pharm. COM 599902103 2123 17400
SH Sole 16450 700
D Morgan Stanley Dean Witter and COM 617446448 2127 14900
SH Sole 14090 600
D Multex.com Inc. COM 625367107 1960 52100
SH Sole 48940 2300
D NVIDIA Corporation COM 67066G104 2023 43100
SH Sole 40500 1900
D Nabors Industries Inc COM 629568106 2150 69500
SH Sole 65750 2750
D Network Solutions Inc. COM 64121Q102 1514 6960
SH Sole 6590 270
D Newbridge Networks Corp. COM 650901101 1620 71800
SH Sole 67400 3200
D Newmont Mining Corp. COM 651639106 2939 119940
SH Sole 113520 4700
D Noble Drilling COM 655042109 1761 53760
SH Sole 50500 2400
D Novellus Systems Inc. COM 670008101 2169 17700
SH Sole 16750 700
D Nucor Corp. COM 670346105 1546 28200
SH Sole 26440 1300
D Optical Coating Laboratory COM 683829105 2522 8520
SH Sole 8050 350
D Orbotech Ltd. COM M75253100 992 12800
SH Sole 12020 570
D PMC-Sierra Inc. COM 69344F106 2504 15620
SH Sole 14800 600
D Pacific Sunwear of California COM 694873100 1659 52060
SH Sole 49400 1900
D Pinnacle Systems Inc. COM 723481107 1876 46100
SH Sole 43630 1800
D Placer Dome Inc. COM 725906101 1832 170400
SH Sole 161300 6600
D Protein Design Labs COM 74369L103 1589 22700
SH Sole 21350 1000
D QLogic Corp. COM 747277101 2496 15610
SH Sole 14800 600
D Qualcomm Corp. COM 747525103 3769 21400
SH Sole 20240 840
D Rational Software COM 75409P202 1857 37800
SH Sole 35900 1500
D Razorfish Inc. COM 755236106 1907 20050
SH Sole 18800 900
D Red Hat Inc. COM 756577102 1335 6320
SH Sole 5900 300
D Redback Networks Inc. COM 757209101 2000 11270
SH Sole 10700 400
D Remedy Corp. COM 759548100 2164 45680
SH Sole 43200 1800
D Reynolds Metals COM 761763101 2230 29100
SH Sole 27600 1100
D Sanmina Corp. COM 800907107 1888 18900
SH Sole 17890 740
D Semtech Corp COM 816850101 1724 33070
SH Sole 31300 1300
D Siebel Systems Inc. COM 826170102 1776 21145
SH Sole 19900 900
D SonicWALL Inc. COM 835470105 1036 25750
SH Sole 24250 1150
D Staples Inc. COM 855030102 1505 72510
SH Sole 68700 2800
D Sycamore Networks Inc. COM 871206108 1817 5900
SH Sole 5540 260
D Sykes Enterprises Inc. COM 871237103 2102 47900
SH Sole 45400 1900
D TMP Worldwide Inc. COM 872941109 3188 22450
SH Sole 21300 900
D Ticketmaster Online CitySearch COM 88633P203 1645 42800
SH Sole 40200 1900
D Tidewater COM 886423102 1575 43750
SH Sole 41100 1900
D US Freightways Corp. COM 916906100 1005 20990
SH Sole 19900 800
D USinternetworking Inc. COM 917311805 1922 27500
SH Sole 25840 1200
D Unify Corp. COM 904743101 2256 82400
SH Sole 78200 3200
D United Air Lines COM 902549500 1993 25700
SH Sole 24330 1000
D Verisign Inc. COM 92343E102 3221 16870
SH Sole 15970 660
D Veritas Software Corp. COM 923436109 3657 25550
SH Sole 24300 1000
D VerticalNet Inc. COM 92532L107 3019 18410
SH Sole 17420 720
D Vignette Corp. COM 926734104 3169 19440
SH Sole 18400 800
D Vitesse Semiconductor COM 928497106 2319 44220
SH Sole 42000 1700
D WebTrends Corp. COM 94844D104 1638 20220
SH Sole 18900 900
D Weyerhaeuser Co. COM 962166104 1881 26200
SH Sole 24830 1000
D Xilynx Inc. COM 983919101 2189 48140
SH Sole 45800 1800
D Xircom COM 983922105 2966 39550
SH Sole 37500 1600
D Yahoo Inc. COM 984332106 2384 5510
SH Sole 5230 200
D Zebra Technologies Corp. COM 989207105 1480 25300
SH Sole 23800 1100
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