UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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: White Mountain Investment, Inc.
Address: 114 North Main Street
Suite 301
Concord, NH 03301
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 this Report on Behalf of Reporting Manager:
Name: Cynthia J. Rouvalis
Title: Portfolio Manager
Phone: 603-224-2330
Signature, Place, and Date of Signing:
Concord, NH July 22, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers: None.
No. 13F File Number Name
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WHITE MOUNTAIN INVESTMENT, INC.
FORM 13F
June 30, 1999
Voting Authority
------------------------
Value Shares/ Sh/PutInvstmt Other
Name of Issuer ClassCUSIP (x$1000)Prn Amt PrnCalDscretn MgrsSole SharedNone
- -------------------------------------------------------------- -----------------------
MassMutual Corp MFE 576292106 694 31000SH Sole 12000 19000
H & Q Life SciencesMFE 404053100 240 19167SH Sole 5290 13877
M.Stanley Emerg. M MFE 61744G107 171 14631SH Sole 7505 7126
Munivest Fund MFE 626295109 133 14000SH Sole 14000
AES Corp. COM 00130H105 506 8700SH Sole 8700
AMB Property Corp. COM 00163T109 639 27200SH Sole 1500 25700
Abbott LaboratoriesCOM 002824100 708 15600SH Sole 2000 13600
Acxiom Corp. COM 005125109 1666 66800SH Sole 22300 44500
American Home Prod COM 026609107 2771 48300SH Sole 13000 35300
AIG COM 026874107 4934 42083SH Sole 8262 33821
Ameritech COM 030954101 431 5864SH Sole 4000 1864
Archstone CommunitiCOM 039581103 1070 48756SH Sole 16551 32205
Bank One Corp. COM 06423A103 1998 33543SH Sole 7500 26043
Bank of New York InCOM 064057102 2363 64400SH Sole 32400 32000
Barrett Resources COM 068480201 460 12000SH Sole 12000
Becton Dickinson COM 075887109 876 29200SH Sole 10000 19200
BellSouth Corp. COM 079860102 304 6580SH Sole 3600 2980
Boston Properties ICOM 101121101 291 8100SH Sole 8100
Bradley Real EstateCOM 104580105 950 45800SH Sole 20000 25800
Bristol-Myers SquibCOM 110122108 1420 20160SH Sole 3760 16400
Brookline Bancorp ICOM 113739106 231 20000SH Sole 20000
Burlington Nrthn SFCOM 12189T104 721 23250SH Sole 23250
Burlington ResourceCOM 122014103 1271 29386SH Sole 8400 20986
Chubb Corp. COM 171232101 2935 42225SH Sole 11100 31125
Cisco Systems COM 17275R102 15024 233150SH Sole 24000 209150
Citigroup COM 173034109 206 4330SH Sole 4330
Coca Cola COM 191216100 498 8039SH Sole 3600 4439
Convergys COM 212485106 1294 66800SH Sole 10000 56800
Corning COM 219350105 2304 32855SH Sole 5400 27455
DII Group Inc. COM 232949107 2146 57524SH Sole 20000 37524
DuPont COM 263534109 432 6328SH Sole 6328
EMC COM 268648102 1408 25600SH Sole 25600
Emerson Electric COM 291011104 218 3470SH Sole 3470
Enron COM 293561106 2624 32100SH Sole 12500 19600
Enron Oil & Gas COM 293562104 247 12200SH Sole 6000 6200
Enzon Inc. COM 293904108 2082 100634SH Sole 100634
Exxon Corp. COM 302290101 2398 31094SH Sole 4800 26294
FDX Corp. COM 31304N107 694 12800SH Sole 4000 8800
Fair Isaac COM 303250104 561 16000SH Sole 3500 12500
Fannie Mae COM 313586109 11736 171954SH Sole 41200 130754
Freddie Mac COM 313400301 1717 29600SH Sole 16000 13600
Fiserv Inc. COM 337738108 405 12937SH Sole 12937
Fleet Financial GroCOM 338915101 301 6784SH Sole 5000 1784
GTE Corp. COM 362320103 481 6365SH Sole 6365
Gartner Group COM 366651107 1152 56200SH Sole 23000 33200
General Electric COM 369604103 13785 121992SH Sole 28244 93748
Gillette COM 375766102 2185 53300SH Sole 19600 33700
Halliburton COM 406216101 805 17800SH Sole 6500 11300
Health Care PropertCOM 421915109 609 21100SH Sole 8800 12300
Healthsouth COM 421924101 601 40400SH Sole 22200 18200
Hewlett Packard COM 428236103 978 9736SH Sole 2000 7736
Home Depot COM 437076102 8523 132274SH Sole 33292 98982
Honeywell Inc. COM 438506107 1466 12650SH Sole 1000 11650
IDEXX Labs COM 45168D104 233 10004SH Sole 10004
IMS Health COM 449934108 1876 60020SH Sole 16800 43220
Independent Bank COM 453836108 478 30375SH Sole 30375
Intel Corp. COM 458140100 2132 35840SH Sole 15000 20840
IBM COM 459200101 4794 37092SH Sole 9000 28092
J.P. Morgan & Co. COM 616880100 337 2400SH Sole 2400
Johnson & Johnson COM 478160104 4021 41032SH Sole 5200 35832
Kronos COM 501052104 605 13300SH Sole 13300
Lucent TechnologiesCOM 549463107 407 6032SH Sole 6032
MCI Worldcom COM 98155K102 241 2797SH Sole 2797
Medtronic COM 585055106 2387 30650SH Sole 3000 27650
Merck COM 589331107 8618 117056SH Sole 24918 92138
Miller Herman Inc. COM 600544100 1599 76150SH Sole 17500 58650
Mobil Corp. COM 607059102 450 4560SH Sole 4560
Molex 'A' COM 608554200 1789 56808SH Sole 18216 38592
Mutual Risk Mgmt COM 628351108 4566 136796SH Sole 35196 101600
Nestle ADRs (votingCOM 641069406 937 10400SH Sole 2000 8400
New York Times COM 650111107 3066 83300SH Sole 21700 61600
Newell Rubbermaid COM 651192106 1693 36500SH Sole 7000 29500
Nortel Networks COM 656569100 348 4013SH Sole 4013
Paychex, Inc. COM 704326107 717 22500SH Sole 11250 11250
Pfizer Inc. COM 717081103 240 2200SH Sole 2200
Philip Morris Inc. COM 718154107 3334 82970SH Sole 20870 62100
Pitney Bowes Inc. COM 724479100 2506 39000SH Sole 4000 35000
Procter & Gamble COM 742718109 2778 31124SH Sole 4000 27124
Royal Dutch PetroleCOM 780257804 1365 22656SH Sole 4400 18256
Schering Plough CorCOM 806605101 1081 20600SH Sole 20600
Schlumberger Ltd. COM 806857108 659 10352SH Sole 1500 8852
Simon Property GrouCOM 828806109 612 24100SH Sole 10000 14100
Staples COM 855030102 1621 52395SH Sole 12375 40020
State Street Corp COM 857477103 341 4000SH Sole 4000
Sterling Commerce COM 859205106 1628 44300SH Sole 12500 31800
Sykes Enterprises COM 871237103 898 26900SH Sole 6000 20900
Synopsys COM 871607107 1297 23500SH Sole 3500 20000
Transatlantic HoldiCOM 893521104 506 6750SH Sole 6750
Tyco COM 902124106 825 8702SH Sole 2095 6607
Unilever N.V. NY sCOM 904784501 1370 19642SH Sole 2857 16785
WPI Group COM 92930K107 32 10000SH Sole 10000
Waste Management InCOM 94106L109 973 18096SH Sole 18096
Wells Fargo COM 949740104 2266 53000SH Sole 10000 43000
Xerox Corp. COM 984121103 579 9800SH Sole 9800
Young & Rubicam COM 987425105 736 16200SH Sole 5000 11200
REPORT SUMMARY 95DATA RECO 171606 0 OTHER MANAGERS ON WHOSE BEHALF REPO
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