UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Dreman Value Management, L.L.C.
Address: 10 Exchange Place, Suite 2150
Jersey City, NJ 07302-3913
Form 13F File Number: 28-6700
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: Nelson Woodard
Title: Managing Director
Phone: (201) 793-2000
Signature, Place, and Date of Signing:
/s/ Nelson Woodard Jersey City, New Jersey July 8, 1999
[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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-______________ ____________________________________
[Repeat as necessary.]
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VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T Corp COM 001957109 260 4,650 SH SOLE 4,650
Alcoa Inc COM 013817101 238 3,840 SH SOLE 3,840
Allstate COM 020002101 13902 387,499 SH SOLE 243,894 152,305
Amcol International Corp COM 02341W103 457 31,800 SH SOLE 31,800
American Express COM 025816109 21739 167,060 SH SOLE 109,440 61,520
American Home Products Corp COM 026609107 841 14,660 SH SOLE 260 14,400
American International Group COM 026874107 85340 727,845 SH SOLE 307,925 430,420
American Power Conversion Corp COM 026066107 314 15,600 SH SOLE 15,600
Associates First Cap COM 046008108 298 6,754 SH SOLE 6,754
Asyst Technologies Inc COM 04648X107 262 8,750 SH SOLE 8,750
Atlantic Richfield CO COM 048825103 204794 2,450,793 SH SOLE 236,035 2,214,758
Automatic Data Processing COM 053015103 211 4,800 SH SOLE 4,800
BP Amoco PLC - SPONS ADR COM 055622104 359 3,308 SH SOLE 3,308
BancWest Corporation COM 059790105 5674 152,825 SH SOLE 77,700 77,925
Bancorp South COM 059692103 194 10,700 SH SOLE 10,700
Bank One Corporation COM 06423A103 374675 6,290,456 SH SOLE 925,508 5,380,908
Bank of America Corp COM 060505104 312246 4,259,110 SH SOLE 1,044,377 3,232,487
Bank of New York Co Inc COM 064057102 24054 655,650 SH SOLE 655,650
BankBoston Corp COM 06605R106 50888 995,355 SH SOLE 147,315 850,640
Bear Stearns Cos Inc. COM 073902108 3508 75,045 SH SOLE 43,350 32,895
Becton Dickinson & Co COM 075887109 264 8,800 SH SOLE 8,800
Berkshire Hathaway Inc Cl A COM 084670108 345 5 SH SOLE 5
Blount Intl Inc -Cl A COM 095177101 530 19,500 SH SOLE 19,500
Borders Group Inc. COM 099709107 161127 10,189,825 SH SOLE 1,783,690 8,406,135
Bowater COM 102183100 201 4,250 SH SOLE 4,250
Bristol Myers Squibb COM 110122108 477 6,770 SH SOLE 4,070 2,700
Burlington Resources Inc COM 122014103 504 11,647 SH SOLE 11,647
CTB International Corp. COM 125960104 429 51,635 SH SOLE 51,635
<PAGE>
VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
CTG Resources Inc COM 125957100 517 14,200 SH SOLE 14,200
Carmike Cinemas Inc - CL A COM 143436103 255 16,000 SH SOLE 16,000
Celestial Seasonings COM 151016102 383 17,800 SH SOLE 17,800
Champion Intl Corp COM 158525105 316 6,600 SH SOLE 6,600
Chase Manhattan COM 16161A108 30422 351,704 SH SOLE 225,332 133,572
Chubb Corp COM 171232101 5562 80,025 SH SOLE 49,300 32,425
Cigna Corp COM 125509109 4755 53,425 SH SOLE 18,300 36,125
Citigroup, Inc COM 172967101 187390 3,945,063 SH SOLE 713,458 3,257,930
Coca-Cola Co COM 191216100 310 5,000 SH SOLE 5,000
Colonial Bancgroup Inc COM 195493309 3713 266,380 SH SOLE 154,310 117,910
Columbia Energy Group COM 197648108 168965 2,695,354 SH SOLE 676,820 2,018,534
Columbia/Hca -Vtg COM 197677107 49761 2,181,300 SH SOLE 11,100 2,170,200
Conoco Inc COM 208251306 330888 11,870,430 SH SOLE 864,398 11,006,032
Consolidated Nat Gas COM 209615103 26195 431,200 SH SOLE 431,200
Cooper Cameron Corp COM 216640102 379 10,220 SH SOLE 10,220
Corus Bankshares Inc. COM 220873103 3408 107,143 SH SOLE 47,750 8,693 52,500
Datascope Corp. COM 238113104 360 11,200 SH SOLE 11,200
Dayton Hudson Corp COM 239753106 40112 617,110 SH SOLE 264,380 352,730
Diamond Offshore Drilling COM 25271c102 43393 1,529,270 SH SOLE 294,800 1,234,470
Du Pont (E I) De Nemours COM 263534109 468 6,854 SH SOLE 6,854
Duke Energy Corp COM 264399106 249 4,575 SH SOLE 4,575
El Paso Energy Corp COM 283905107 514 14,600 SH SOLE 14,600
Ensco International, Inc COM 26874q100 50613 2,538,595 SH SOLE 149,815 2,388,780
Exxon Corp COM 302290101 11669 151,300 SH SOLE 84,600 66,700
Fed Home Loan Mtg Co COM 313400301 276788 4,772,201 SH SOLE 1,171,665 3,611,436
Federal Express COM 31304N107 213 3,920 SH SOLE 1,920 2,000
Federal Natl Mortgage Assn COM 313586109 307895 4,511,288 SH SOLE 941,960 3,584,828
Federal-Mogul Corp COM 313549107 411 7,900 SH SOLE 7,900
Federated Dept Stores COM 31410H101 644 12,159 SH SOLE 11,835 324
First Citizens BCSHS COM 31946m103 226 2,800 SH SOLE 2,800
First Data Corp COM 319963104 680 13,900 SH SOLE 13,900
<PAGE>
VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
First Union Corp (N C) COM 337358105 129849 2,755,409 SH SOLE 695,818 2,072,449
Fleet Financial Group Inc COM 338915101 138869 3,129,446 SH SOLE 304,956 2,835,490
Fleetwood Enterprises COM 339099103 378 14,300 SH SOLE 14,300
Ford Motor Co COM 345370100 24177 428,392 SH SOLE 263,550 164,842
Franklin Resources COM 354613101 4193 103,200 SH SOLE 61,500 44,000
Fruit of the Loom Inc -Cl A COM G3682L105 61596 6,317,490 SH SOLE 808,730 5,508,760
GTE Corp COM 362320103 1105 14,630 SH SOLE 12,780 1,850
General Electric Co COM 369604103 559 4,950 SH SOLE 2,550 2,400
Genrad Inc COM 372447102 575 26,910 SH SOLE 26,910
Glaxo Wellcome Plc -Sp Adr COM 37733W105 396 7,000 SH SOLE 200 6,800
Global Marine Inc COM 379352404 29316 1,891,355 SH SOLE 43,825 1,847,530
Golden West Financial Corp COM 381317106 2219 22,645 SH SOLE 13,670 9,575
Goldman Sachs COM 38141G104 3594 49,750 SH SOLE 29,600 21,250
Halliburton International Inc COM 406216101 362 8,000 SH SOLE 8,000
Helix Technology Corp. COM 423319102 263 11,000 SH SOLE 11,000
Household International Inc COM 441815107 6438 135,900 SH SOLE 87,000 51,900
Humana Inc COM 444859102 208155 16,089,290 SH SOLE 1,604,355 14,484,935
ITLA Capital Corporation COM 450565106 282 17,900 SH SOLE 17,900
Imperial Credit Inds Inc COM 452729106 310 43,630 SH SOLE 43,630
Imperial Tobacco Group Plc COM 453142101 22039 1,007,500 SH SOLE 1,007,500
Intel Corp COM 458140100 952 16,000 SH SOLE 16,000
Inter-Tel Inc COM 458372109 274 15,000 SH SOLE 15,000
Intermet Corp COM 45881K104 257 17,000 SH SOLE 17,000
International Paper COM 460146103 201 3,994 SH SOLE 3,400 594
Jefferson-Pilot Corp COM 475070108 2496 37,712 SH SOLE 20,237 18,325
Johnson & Johnson COM 478160104 686 7,000 SH SOLE 7,000
Keycorp COM 493267108 142503 4,435,880 SH SOLE 301,750 4,145,330
Koninklijke Philips
Electronics N.V. ADR COM 500472204 625 6,194 SH SOLE 30 6,164
Lehman Brothers Holdings Inc COM 524908100 3757 60,482 SH SOLE 43,630 18,552
LifePoint Hospitals COM 53219l109 1533 114,092 SH SOLE 583 113,509
Lilly (Eli) & Co COM 532457108 1160 16,200 SH SOLE 8,200 8,000
<PAGE>
VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Lincoln National Corp COM 534187109 3070 58,684 SH SOLE 18,784 41,100
Liz Claiborne Inc COM 539320101 8017 219,645 SH SOLE 105,955 113,690
MBIA Inc COM 55262C100 557 8,600 SH SOLE 8,600
MCI Worldcom Inc COM 55268B106 278 3,230 SH SOLE 3,230
MFC Bancorp Ltd. COM 55271X103 439 58,550 SH SOLE 58,550
Marsh & Mclennan Cos COM 571748102 8186 108,159 SH SOLE 73,684 36,975
May Department Stores Inc COM 577778103 10731 262,522 SH SOLE 169,767 92,755
McKesson HBOC Inc COM 58155Q103 208744 6,485,260 SH SOLE 657,450 5,827,810
Mellon Bank Corp COM 585509102 8829 242,726 SH SOLE 150,226 98,100
Merck & Co COM 589331107 1119 15,200 SH SOLE 15,200
Merrill Lynch & Co COM 590188108 12492 157,130 SH SOLE 84,080 76,150
Microsoft COM 594918104 2327 25,800 SH SOLE 25,800
Minnesota Mining & Mfg Co COM 604059105 406 4,670 SH SOLE 4,400 270
Mobil Corp COM 607059102 237 2,400 SH SOLE 2,400
Morg Stan Dean Wttr Dscvr & Co COM 617446448 318 3,100 SH SOLE 3,100 800
Morgan (J P) & Co COM 616880100 34199 243,408 SH SOLE 46,133 198,975
Mueller Industries Inc COM 624756102 468 13,800 SH SOLE 13,800
Nabisco Group Hldg Corp COM 62952P102 212702 10,872,935 SH SOLE 866,695 10,006,240
National Bancorp Alaska Com COM 632587101 286 10,800 SH SOLE 10,800
National Bank of Canada COM 633067103 20806 1,595,575 SH SOLE 176,800 1,418,775
Nestle S A Sponsored ADR COM 641069406 20568 228,305 SH SOLE 136,345 91,960
Noble Drilling Corp COM 655042109 44009 2,235,385 SH SOLE 265,645 1,969,740
North Fork Bancorporation COM 659424105 3893 182,126 SH SOLE 106,885 17,671 61,633
Northeast Utilities COM 664397106 490 27,400 SH SOLE 27,400
Ohio Casualty Corp COM 677240103 19059 527,585 SH SOLE 289,180 242,905
PNC Bank Corp COM 693475105 221125 3,837,313 SH SOLE 498,859 3,346,854
Park Place Entertainment COM 700690100 444 46,400 SH SOLE 46,400
Peoples Heritage Fin'l Group COM 711147108 2420 128,625 SH SOLE 70,350 60,975
Pepsico Inc COM 713448108 354 9,150 SH SOLE 9,150
Pharmacia & Upjohn COM 716941109 437 7,685 SH SOLE 7,685
Philip Morris Cos Inc COM 718154107 544857 13,557,876 SH SOLE 1,086,665 12,471,211
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VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Popular Inc COM 733174106 6015 198,425 SH SOLE 118,600 84,325
Prison Realty Trust Inc COM 74264n105 97466 9,932,870 SH SOLE 2,825,420 57,550 7,110,300
Provident Financial Group COM 743866105 3622 82,785 SH SOLE 48,580 36,125
Quaker Oats Co COM 747402105 11210 168,895 SH SOLE 107,365 61,530
R & G Financial Corp CL B COM 749136107 338 19,864 SH SOLE 19,864
RTI International Metals, Inc. COM 74973W107 560 38,150 SH SOLE 38,150
Raymond James Financial Corp COM 754730109 461 19,205 SH SOLE 19,205
Rehabcare Group Inc COM 759148109 501 27,150 SH SOLE 27,150
Republic N Y Corp COM 760719104 146176 2,143,729 SH SOLE 100,210 2,047,119
Reynolds RJ Tob Hldgs Inc COM 76182k105 114871 3,617,977 SH SOLE 288,998 3,328,979
Rite Aid Corp. COM 767754104 16329 663,100 SH SOLE 45,400 617,700
Royal Dutch Pet -NY Reg COM 780257804 524 8,700 SH SOLE 6,700 2,000
SLM Holding Corp Com COM 78442a109 6503 141,955 SH SOLE 101,650 43,505
ST Paul Cos COM 792860108 33208 1,043,867 SH SOLE 177,617 870,950
Safeco Corp COM 786429100 13973 316,675 SH SOLE 83,700 235,975
Santa Fe Intl Corp COM G7805C108 247 10,750 SH SOLE 10,750
Schering-Plough COM 806605101 399 7,600 SH SOLE 7,600
Schlumberger ltd COM 806857108 467 7,333 SH SOLE 133 7,200
Sea Containers Ltd. COM 811371707 695 20,700 SH SOLE 20,700
Stolt Comex Seaway COM L8873e103 315 28,950 SH SOLE 28,950
Summit Bancorp COM 866005101 4744 113,450 SH SOLE 64,250 51,600
Sun Hydraulics Inc COM 866942105 212 24,200 SH SOLE 24,200
Suntrust Banks Inc COM 867914103 42541 612,657 SH SOLE 73,510 541,803
Tenet Healthcare Corp COM 88033G100 175539 9,456,660 SH SOLE 908,855 8,547,805
Texaco Inc COM 881694103 190131 3,048,190 SH SOLE 316,185 2,732,005
Texas Instruments Inc COM 882508104 230 1,600 SH SOLE 200 1,400
Tidewater Inc COM 886423102 34247 1,122,865 SH SOLE 89,825 1,033,040
Torchmark Corp COM 891027104 2518 73,775 SH SOLE 42,850 32,425
Toys R Us Inc COM 892335100 128928 6,232,170 SH SOLE 282,020 5,950,150
Trans World Entertainment COM 89336Q100 244 21,700 SH SOLE 21,700
TransOcean Offshore Inc COM G90076103 60062 2,288,095 SH SOLE 192,265 2,095,830
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VOTING AUTHORITY
TITLE OF VALUE SHARES / SH / PUT / INVST ---------------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Transamerica Corp COM 893485102 4114 54,850 SH SOLE 31,000 25,050
Triad Hospitals COM 89579k109 1540 114,092 SH SOLE 583 113,509
Tyco International Ltd COM 902124106 252 2,660 SH SOLE 2,660
U S Bancorp COM 902973106 2311 69,230 SH SOLE 69,230 2,800
US Tobacco Inc. COM 902911106 247513 8,443,940 SH SOLE 824,075 7,619,865
Unilever N V NY Shares COM 904784709 26236 376,142 SH SOLE 269,537 106,605
Universal Corp/Va COM 913456109 86204 3,031,345 SH SOLE 296,965 2,734,380
Valley National Bancorp COM 919794107 211 7,330 SH SOLE 7,330
Wachovia Corp COM 929771103 1994 23,301 SH SOLE 23,301
Wal-Mart Stores COM 931142103 2384 49,400 SH SOLE 18,600 30,800
Washington Mutual Inc COM 939322103 36846 1,036,089 SH SOLE 666,068 375,279
Waste Management Inc COM 94106L109 667 12,400 SH SOLE 12,400
Webb (Del E) Corp COM 947423109 344 14,400 SH SOLE 14,400
Webster Finl Corp Waterbury COM 947890109 258 9,500 SH SOLE 9,500
Wells Fargo & Co (NEW) COM 949746101 44071 1,030,909 SH SOLE 572,795 471,714
Xerox Corp COM 984121103 70905 1,200,504 SH SOLE 345,700 854,804
MUTUAL FUNDS
Amer Century Quant Eq Gld /
Benham Equity 081866105 94 18,624 SH SOLE 18,624
Heitman Sec Tr 423079201 860 95,448 SH SOLE 95,448
Kemper Dreman Contrarian Fund 48840B108 1163 49,176 SH SOLE 49,176
Kemper Dreman High Return Fund 48840B504 933 26,113 SH SOLE 26,113
Pvt Banking Aggr. Gr. Str.
Alloc. Fund 997443106 368 20,534 SH SOLE 20,534
Smith Barney Muni BD Fund 831805304 1821 137,756 SH SOLE 137,756
Value Line Leveraged Gwth In 920447109 206 3,769 SH SOLE 3,769
Vanguard/Windsor Fund 922018106 326 17,942 SH SOLE 17,942
UNSUPERVISED ASSETS
Time Warner Inc 887315109 8253 113,644 SH SOLE 113,644
GRAND TOTAL 6625717
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</TABLE>
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total: $6,625,717
(thousands)
List of Other Included Managers: None
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
