UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing the Report:
Name: Northern Cross Investments, Ltd.
Address: 48 Par-La-Ville Road
Suite 577
Hamilton, Bermuda HM11
13F File Number:
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 the Report on Behalf of Reporting Manager:
Name: Hakan Castegren
Title: President
Phone: 617-951-0004
Signature, Place, and Date of Signing:
Hakan Castegren Hamilton, Bermuda May 10,1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 12
Form 13F Information Table Value Total: $920,853
List of Other Included Managers: None
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FORM 13F INFORMATION TABLE
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column8
VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
Banco Comm Portuges SA Spsrd ADR New 059749303 14,903 503,062sh Sole 503,062
Cadbury Schweppes PLC ADR 127209302 24,972 430,081sh Sole 430,081
Ericsson L M Tel Co. ADR CL B SEK10 294821400 34,576 1,452,000sh Sole 1,452,000
Smithkline Beecham PLC ADR Rep Eq UT 8323784000 238,810 3,340,000sh Sole 3,340,000
Sony Corp ADR New 835699307 13,697 150,000sh Sole 150,000
Royal Dutch Pete Co NY Reg GLDR 5 780257705 139,152 2,676,000sh Sole 2,676,000
YPF Sociedad Anonima Spsrd ADR CL D 984245100 111,416 3,530,000sh Sole 3,530,000
Rio Tinto Spsrd ADR 74974K706 1,462 26,583sh Sole 26,583
News Corp ADR 652487703 133,635 4,530,000sh Sole 4,530,000
Anglo American ADR 034861302 81,663 2,350,000sh Sole 2,350,000
Gencor ADR 368681201 20,315 8,910,000sh Sole 8,910,000
Billiton ADR 09017110 106,25244,550,000sh Sole 44,550,000
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