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: 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 February 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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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 236 4,650.00 SH SOLE 4,650
Action Performance Cos Com COM 004933107 501 43,600.00 SH SOLE 43,600
Aegon NV COM 007924103 3,851 40,327.14 SH SOLE 39,173 1,154
Allstate COM 020002101 10,410 432,629.00 SH SOLE 419,029 13,600
Amcol International Corp COM 02341W103 701 43,500.00 SH SOLE 4,300 39,200
American Express COM 025816109 25,914 155,875.00 SH SOLE 149,430 6,445
American International
Group COM 026874107 97,687 903,461.50 SH SOLE 883,912 19,550
American Power Conversion
Corp COM 026066107 411 15,600.00 SH SOLE 15,600
Associates First Cap COM 046008108 83 3,010.00 SH SOLE 19,088
Asyst Technologies Inc COM 04648X107 626 9,550.00 SH SOLE 1,100 8,450
Atlantic Richfield CO COM 048825103 162,941 1,883,708.00 SH SOLE 1,801,248 95,620
Automatic Data Processing COM 053015103 259 4,800.00 SH SOLE 4,800
BP Amoco PLC - SPONS ADR COM 055622104 422 7,114.00 SH SOLE 498 6,616
BancWest Corporation COM 059790105 6,052 310,370.00 SH SOLE 301,770 8,600
Bank One Corporation COM 06423A103 232,032 7,251,004.40 SH SOLE 6,919,086 357,778
Bank of America Corp COM 060505104 201,782 4,020,568.00 SH SOLE 3,716,997 332,508
Bank of New York Co Inc COM 064057102 26,374 659,350.00 SH SOLE 658,800 550
Bard (C.R.) Inc. COM 067383109 34 650.00 SH SOLE 10,600
Bear Stearns Cos Inc. COM 073902108 3,901 91,242.75 SH SOLE 88,243 3,000
Becton Dickinson & Co COM 075887109 237 8,800.00 SH SOLE 8,800
Borders Group Inc. COM 099709107 167,785 10,325,225.00 SH SOLE 9,390,815 1,054,210
Bowater COM 102183100 231 4,250.00 SH SOLE 4,250
Burlington Resources Inc COM 122014103 385 11,647.00 SH SOLE 11,647
CTB International Corp. COM 125960104 300 51,635.00 SH SOLE 51,635
CTG Resources Inc COM 125957100 368 10,600.00 SH SOLE 10,600
Celestial Seasonings COM 151016102 303 16,270.00 SH SOLE 1,500 14,770
Champion Intl Corp COM 158525105 409 6,600.00 SH SOLE 6,600
Chase Manhattan COM 16161A108 23,408 301,306.88 SH SOLE 289,437 11,870
<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
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Chubb Corp COM 171232101 4,766 84,640.00 SH SOLE 81,940 2,700
Cigna Corp COM 125509109 4,182 51,915.00 SH SOLE 49,215 2,700
Citigroup, Inc COM 172967101 60,029 1,077,969.00 SH SOLE 1,045,194 32,775
Coca-Cola Co COM 191216100 291 5,000.00 SH SOLE 5,000
Colonial Bancgroup Inc COM 195493309 2,915 280,965.00 SH SOLE 271,565 9,400
Columbia Energy Group COM 197648108 172,571 2,728,389.00 SH SOLE 2,383,545 382,990
Columbia/Hca -Vtg COM 197677107 10,094 344,350.00 SH SOLE 343,450 29,400
Conoco Inc - Cl A COM 208251306 197,228 7,968,790.00 SH SOLE 7,740,907 288,483
Conoco Inc - Cl B COM 208251405 100,507 4,040,499.00 SH SOLE 3,831,329 209,170
Consolidated Nat Gas COM 209615103 28,176 433,900.00 SH SOLE 433,900
Corus Bankshares Inc. COM 220873103 2,673 111,363.00 SH SOLE 99,470 8,693 3,200
Datascope Corp. COM 238113104 528 13,200.00 SH SOLE 1,300 11,900
Dayton Hudson Corp COM 239753106 17,906 243,830.00 SH SOLE 162,930 96,099
Diamond Offshore Drilling COM 25271c102 55,591 1,818,920.00 SH SOLE 1,666,050 163,770
Du Pont (E I) De Nemours COM 263534109 264 4,000.00 SH SOLE 4,000
Duke Energy Corp COM 264399106 308 6,141.00 SH SOLE 6,141
El Paso Energy Corp COM 283905107 629 16,200.00 SH SOLE 16,200
Ensco International, Inc COM 26874q100 42,582 1,861,525.00 SH SOLE 1,805,245 64,580
Exxon Mobil Corp COM 30231G102 11,891 147,603.00 SH SOLE 91,003 69,250
Fed Home Loan Mtg Co COM 313400301 239,098 5,080,426.00 SH SOLE 4,598,456 544,710
Federal Express COM 31304N107 33 800.00 SH SOLE 8,900
Federal Natl Mortgage Assn COM 313586109 285,283 4,569,103.00 SH SOLE 4,294,333 310,805
Federated Dept Stores COM 31410H101 588 11,624.00 SH SOLE 10,900 724
First Union Corp (N C) COM 337358105 88,754 2,694,622.00 SH SOLE 2,528,070 175,332
Fleet Boston Corp COM 339030108 137,680 3,954,914.84 SH SOLE 3,934,584 20,331
Fleetwood Enterprises COM 339099103 402 19,500.00 SH SOLE 19,500
Ford Motor Co COM 345370100 22,907 429,677.00 SH SOLE 278,095 168,092
Franklin Resources COM 354613101 3,453 107,705.00 SH SOLE 104,305 3,400
Fruit of the Loom Inc -Cl A COM G3682L105 8,835 6,145,780.00 SH SOLE 5,776,400 369,380
GTE Corp COM 362320103 930 13,180.00 SH SOLE 12,580 13,525
General Electric Co COM 369604103 371 2,400.00 SH SOLE 2,400
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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
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Genrad Inc COM 372447102 397 24,610.00 SH SOLE 24,610
Georgia-Pacific Corp COM 373298108 213 4,200.00 SH SOLE 4,200
Glaxo Wellcome Plc -Sp Adr COM 37733W105 380 6,800.00 SH SOLE 6,800
Global Marine Inc COM 379352404 20,927 1,258,775.00 SH SOLE 1,192,445 76,630
Golden West Financial Corp COM 381317106 2,389 71,315.00 SH SOLE 68,915 2,400
Goldman Sachs COM 38141G104 4,867 51,670.00 SH SOLE 49,870 1,800
Halliburton International
Inc COM 406216101 322 8,000.00 SH SOLE 8,000
Helix Technology Corp. COM 423319102 479 10,700.00 SH SOLE 1,000 9,700
Household International Inc COM 441815107 5,339 143,330.00 SH SOLE 138,930 4,400
Humana Inc COM 444859102 136,736 16,700,568.00 SH SOLE 15,767,653 985,265
ITLA Capital Corporation COM 450565106 381 30,300.00 SH SOLE 30,300
Imperial Credit Inds Inc COM 452729106 403 64,490.00 SH SOLE 64,490
Imperial Tobacco Group Plc COM 453142101 14,026 887,000.00 SH SOLE 884,750 2,250
Intel Corp COM 458140100 988 12,000.00 SH SOLE 12,000
Inter-Tel Inc COM 458372109 545 21,800.00 SH SOLE 500 21,300
Jefferson-Pilot Corp COM 475070108 2,771 40,602.00 SH SOLE 38,952 1,650
Johnson & Johnson COM 478160104 550 5,895.00 SH SOLE 5,895
Keycorp COM 493267108 98,973 4,473,355.00 SH SOLE 4,454,355 19,000
Koninklijke Philips
Electronics N.V. ADR COM 500472204 261 1,932.00 SH SOLE 1,932
LandAmerica Financial
Group Inc COM 514936103 351 19,100.00 SH SOLE 19,100
Lehman Brothers Holdings
Inc COM 524908100 5,434 64,162.00 SH SOLE 62,553 1,609
Lilly (Eli) & Co COM 532457108 1,077 16,200.00 SH SOLE 8,200 8,000
Lincoln National Corp COM 534187109 2,358 58,939.00 SH SOLE 56,739 2,200
Liz Claiborne Inc COM 539320101 248 6,600.00 SH SOLE 5,000 16,235
MBIA Inc COM 55262C100 454 8,600.00 SH SOLE 8,600
MFC Bancorp Ltd. COM 55271X103 565 63,650.00 SH SOLE 6,200 57,450
Marsh & Mclennan Cos COM 571748102 10,867 113,569.00 SH SOLE 109,719 3,850
May Department Stores Inc COM 577778103 657 20,359.00 SH SOLE 12,980 24,008
McKesson HBOC Inc COM 58155Q103 206,915 9,196,220.00 SH SOLE 8,761,850 482,870
Mellon Financial Corp COM 58551A108 8,676 254,701.00 SH SOLE 246,301 8,400
Merck & Co COM 589331107 907 13,500.00 SH SOLE 13,500
<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
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Merrill Lynch & Co COM 590188108 13,179 158,190.00 SH SOLE 153,590 4,600
Microsoft COM 594918104 2,779 23,800.00 SH SOLE 23,800
Minnesota Mining & Mfg Co COM 604059105 461 4,705.00 SH SOLE 4,705
Morg Stan Dean Wttr Dscvr
& Co COM 617446448 443 3,100.00 SH SOLE 3,100
Morgan (J P) & Co COM 616880100 31,110 245,688.00 SH SOLE 243,038 2,650
Mueller Industries Inc COM 624756102 689 19,000.00 SH SOLE 1,900 17,100
Nabisco Group Hldg Corp COM 62952P102 115,243 10,846,415.00 SH SOLE 10,400,985 484,110
Nabors Industries Inc COM 629568106 29,855 965,000.00 SH SOLE 965,000
National Bank of Canada COM 633067103 20,595 1,615,650.00 SH SOLE 1,615,650
Nestle S A Sponsored ADR COM 641069406 21,211 232,790.00 SH SOLE 140,730 103,810
Noble Drilling Corp COM 655042109 41,258 1,259,795.00 SH SOLE 1,121,755 157,140
North Fork Bancorporation COM 659424105 3,343 192,406.00 SH SOLE 168,335 17,671 6,400
Northeast Utilities COM 664397106 520 25,300.00 SH SOLE 2,800 22,500
Ohio Casualty Corp COM 677240103 17,157 1,068,170.00 SH SOLE 1,045,010 23,160
PNC Bank Corp COM 693475105 162,566 3,653,162.00 SH SOLE 3,509,082 156,850
PSS World Medical Inc. COM 69366A100 347 36,800.00 SH SOLE 36,800
Park Place Entertainment COM 700690100 534 42,700.00 SH SOLE 4,100 38,600
Peoples Heritage Fin'l
Group COM 711147108 2,088 138,625.00 SH SOLE 134,225 4,400
Pepsico Inc COM 713448108 323 9,150.00 SH SOLE 9,150
Pharmacia & Upjohn COM 716941109 339 7,540.00 SH SOLE 7,540
Philip Morris Cos Inc COM 718154107 302,036 13,132,018.00 SH SOLE 12,592,517 596,232
Popular Inc COM 733174106 5,748 205,750.00 SH SOLE 198,750 7,000
Precision Castparts Corp COM 740189105 311 11,850.00 SH SOLE 11,850
Prison Realty Trust Inc COM 74264n105 67,445 13,322,380.00 SH SOLE 12,580,930 66,150 766,900
Provident Financial Group COM 743866105 3,154 87,905.00 SH SOLE 84,810 3,095
R & G Financial Corp CL B COM 749136107 228 19,864.00 SH SOLE 19,864
RTI International Metals,
Inc. COM 74973W107 337 44,950.00 SH SOLE 44,950
Raytheon Co COM 755111408 32 1,200.00 SH SOLE 14,150
Rehabcare Group Inc COM 759148109 626 29,450.00 SH SOLE 3,700 25,750
Republic N Y Corp COM 760719104 140,420 1,950,284.00 SH SOLE 1,944,024 6,260
Reynolds RJ Tob Hldgs Inc COM 76182k105 69,587 3,948,209.33 SH SOLE 3,789,574 171,534
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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
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
Rite Aid Corp. COM 767754104 62,958 5,659,140.00 SH SOLE 5,182,100 526,140
Royal Dutch Pet -NY Reg COM 780257804 527 8,700.00 SH SOLE 6,700 2,000
SLM Holding Corp Com COM 78442a109 6,280 148,635.00 SH SOLE 144,035 4,600
ST Paul Cos COM 792860108 23,030 683,642.00 SH SOLE 678,342 5,300
Safeco Corp COM 786429100 7,963 320,135.00 SH SOLE 315,035 5,100
Santa Fe Intl Corp COM G7805C108 21,390 826,650.00 SH SOLE 817,500 9,150
Schering-Plough COM 806605101 322 7,600.00 SH SOLE 7,600
Sea Containers Ltd. COM 811371707 551 20,700.00 SH SOLE 20,700
Stolt Comex Seaway COM L8873e103 320 28,950.00 SH SOLE 28,950
Summit Bancorp COM 866005101 4,331 141,410.00 SH SOLE 136,610 4,800
Suntrust Banks Inc COM 867914103 11,554 167,912.00 SH SOLE 128,540 39,372
Tenet Healthcare Corp COM 88033G100 232,125 9,877,652.00 SH SOLE 9,316,662 613,740
Texaco Inc COM 881694103 167,227 3,078,975.00 SH SOLE 2,925,075 173,850
Texas Instruments Inc COM 882508104 271 2,800.00 SH SOLE 1,600 1,200
Tidewater Inc COM 886423102 19,044 529,005.00 SH SOLE 491,195 43,810
Torchmark Corp COM 891027104 2,251 77,470.00 SH SOLE 74,770 2,700
Toys R Us Inc COM 892335100 76,438 5,340,625.00 SH SOLE 5,151,015 230,010
Trans World Entertainment COM 89336Q100 353 33,600.00 SH SOLE 33,600
TransOcean Sedco Forex Inc COM G90078109 94,180 2,795,690.75 SH SOLE 2,695,461 109,430
U S Bancorp COM 902973106 1,961 82,340.00 SH SOLE 79,040 3,300
US Tobacco Inc. COM 902911106 214,071 8,499,095.00 SH SOLE 8,073,040 458,995
Unilever N V NY Shares COM 904784709 20,139 369,953.00 SH SOLE 263,033 126,664
Universal Corp/Va COM 913456109 69,520 3,047,465.00 SH SOLE 2,911,785 149,580
Wachovia Corp COM 929771103 1,333 19,601.00 SH SOLE 19,601
Wal-Mart Stores COM 931142103 2,940 42,530.00 SH SOLE 16,430 26,100
Washington Mutual Inc COM 939322103 26,757 1,034,103.00 SH SOLE 750,026 318,113
Waste Management Inc COM 94106L109 69,423 4,039,130.00 SH SOLE 3,833,640 232,690
Weatherford Intl Corp COM 947074100 208 5,200.00 SH SOLE 5,200
Webb (Del E) Corp COM 947423109 490 19,700.00 SH SOLE 1,900 17,800
Webster Finl Corp Waterbury COM 947890109 243 10,300.00 SH SOLE 800 9,500
Wells Fargo & Co (NEW) COM 949746101 46,148 1,141,229.00 SH SOLE 904,165 261,514
Xerox Corp COM 984121103 64 2,800.00 SH SOLE 9,800
5,236,939
---------
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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
-------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
MUTUAL FUNDS
Amer Century Quant Eq
Gld / Benham Equity 081866105 99 18,624.35 SH SOLE 18,624
Heitman Sec Tr 423079201 767 95,447.87 SH SOLE 95,448
Kemper Dreman Contrarian
Fund 48840B108 933 55,253.08 SH SOLE 55,253
Kemper Dreman High Return
Fund 48840B504 772 28,774.41 SH SOLE 28,774
Pvt Banking Aggr. Gr. Str.
Alloc. Fund 997443106 442 20,533.88 SH SOLE 20,534
Smith Barney Muni BD Fund 831805304 1,776 142,092.08 SH SOLE 142,092
Vanguard/Windsor Fund 922018106 272 17,941.53 SH SOLE 17,942
5,060
-----
UNSUPERVISED ASSETS
Time Warner Inc 887315109 18,314 253,256.00 SH SOLE 253,256
18,314
------
GRAND TOTAL 5,260,313
=========
</TABLE>
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 162
Form 13F Information Table Value Total: $5,260,313
(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.
