UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Report for the Calendar Year or Quarter Ended: June 30, 1999.
Check here if Amendment [ ] Amendment Number: _____________
[ ] This amendment is a restatement.
[ ] This amendment adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ALTA ASSET MANAGEMENT, L.L.C.
Address: 136 E. South Temple, #1620, Salt Lake City, UT 84111
Form 13F File Number: 28-7794
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: David J. Wagstaff
Title: Managing Member
Phone: 801-532-2777
Signature, Place, and Date of Signing:
David J. Wagstaff Salt Lake City, Utah July 1, 1999
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 30
Form 13F Information Table Value Total: 126,275
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<TABLE> <C> <C>
VALUE SHARES/ INVST VOTE
NAME OF ISSUER CLASS CUSIP X$1000 PRN AMT DSCRN AUTH
Cisco Systems 17275R102 11,371 176,466 Sole None
Sun Microsystems 866810104 10,440 151,583 Sole None
Costco Co., Inc. 22160Q102 7,563 94,469 Sole None
Microsoft Corp. 594918104 7,202 79,851 Sole None
Johnson & Johnson 478160104 6,969 71,114 Sole None
Berkshire Hathaway B 084670207 6,754 3,015 Sole None
Watson Pharmaceut. 942683103 6,729 191,927 Sole None
PepsiCo, Inc. 713448108 6,296 163,275 Sole None
Federal Home Loan 313400301 6,166 106,310 Sole None
Ace Ltd. 004644100 6,105 216,096 Sole None
Wells Fargo 949746101 6,026 140,965 Sole None
American Express 025816109 5,467 42,015 Sole None
Berkshire Hathaway A 084670108 5,305 77 Sole None
Gillette 375766102 5,291 129,060 Sole None
Comcast Corp. A 200300200 5,214 135,660 Sole None
Proctor & Gamble 742718109 4,590 51,425 Sole None
Harley Davidson 412822108 4,416 81,220 Sole None
WA Mutual 939322103 3,785 106,431 Sole None
Warner-Lambert 934488107 3,324 48,090 Sole None
RLI Corp. 749607107 3,288 84,857 Sole None
Crescent Real Est. 225756105 2,232 93,988 Sole None
MCI WorldCom, Inc. 55268B106 558 6,483 Sole None
Shire Pharm. ADR 82481R106 281 10,825 Sole None
Skywest 830879102 246 9,850 Sole None
At Home Corp. 045919107 245 4,550 Sole None
Maytag Corp. 578592107 223 3,200 Sole None
Shire Pharm. Gp 000799803 113 13,000 Sole None
I-Link, Inc. 449927102 66 14,000 Sole None
Microbest 59500X108 10 13,506 Sole None
TPA America, Inc. 872605100 0 15,000 Sole None
</TABLE>
