PRIMECAP MANAGEMENT CO/CA/
13F-HR, 2000-04-06
Previous: PARACELSUS HEALTHCARE CORP, 3, 2000-04-06
Next: SECURITY BANC CORP, 13F-HR, 2000-04-06



<PAGE>

                                UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  Form 13F

                             Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:    03/31/2000
                                               -----------------------

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:         PRIMECAP Management Company
                 -------------------------------
   Address:      225 South Lake Avenue, Ste. 400
                 -------------------------------
                 Pasadena, CA 91101
                 -------------------------------

                 -------------------------------

Form 13F File Number: 28-01469
                         ---------------------

    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:    Rachel Aguilera
         -------------------------------
Title:   Client Account Administrator
         -------------------------------
Phone:   626/304-9222
         -------------------------------

Signature, Place, and Date of Signing:

/s/ RACHEL AGUILERA                Pasadena, CA        4/4/2000
- -------------------------------    -----------------   -------------
[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).)

   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.]

<PAGE>

<TABLE>
<CAPTION>

                                           FORM 13F INFORMATION  TABLE


        COLUMN 1              COLUMN 2     COLUMN 3  COLUMN 4       COLUMN 5      COLUMN 6  COLUMN 7         COLUMN 8
- --------------------------- -------------- --------- --------- ------------------ --------  -------- -------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER       VOTING AUTHORITY
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>

- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------

</TABLE>
<PAGE>

                             Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                                 0
                                                           --------------------

Form 13F Information Table Entry Total:
                                                           --------------------

Form 13F Information Table Value Total:                   $ 30776362
                                                           --------------------
                                                                    (thousands)


List of Other Included Managers:

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.

[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]

     No.       Form 13F File Number         Name
               28-                               "NONE"
     ------       -----------------         ---------------------------------
     [Repeat as necessary.]

<PAGE>


                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
A D C TELECOMMUNICATION        COM         000886101      1207     22400 SH        Sole                22400
ABERCROMBIE & FITCH CO CL A    COM         002896207     22080   1380000 SH        Sole                50000           1330000
ADOBE SYS INC                  COM         00724F101   1422078  12775550 SH        Sole              2065550          10710000
ADVANCED FIBRE COMMNCT         COM         00754A105    150275   2397210 SH        Sole               517210           1880000
AGILENT TECHONOLOGIES INC      COM         008466101     20460    196730 SH        Sole               123485             73245
AIRBORNE FGHT CORP             COM         009266107     81600   3400000 SH        Sole                                3400000
ALASKA AIRGROUP INC.           COM         011659109     76359   2540000 SH        Sole                                2540000
ALBERTSONS INC.                COM         013104104     41407   1335700 SH        Sole              1335700
ALCOA INC                      COM         013817101     32631    464500 SH        Sole               464500
ALEXANDER & BALDWIN            COM         014482103     17170    832500 SH        Sole               832500
AMERADA HESS CORP              COM         023551104     32998    510600 SH        Sole               510600
AMERICA WEST HOLDINGS CL B     COM         023657208     56963   3675000 SH        Sole                                3675000
AMERICAN AXLE & MFG.           COM         024061103      8917    602000 SH        Sole                                 602000
AMGEN INC.                     COM         031162100     28662    467000 SH        Sole                                 467000
AMR CORP                       COM         001765106    670840  21045950 SH        Sole              3508150          17537800
ARVIN INDS INC                 COM         043339100     32345   1429600 SH        Sole               649600            780000
ATLANTIC COAST AIR HLD         COM         048396105     41400   1600000 SH        Sole                                1600000
AUTOZONE INC.                  COM         053332102     24686    889600 SH        Sole               589600            300000
BANC ONE CORP                  COM         06423A103    155453   4522270 SH        Sole               972970           3549300
BERKLEY W R CORP               COM         084423102     22094    958000 SH        Sole               638000            320000
BERKSHIRE HATHAWAY INC CLB     COM         084670207      4155      2283 SH        Sole                 2283
BEST BUY CO INC                COM         086516101     61404    714000 SH        Sole                13000            701000
BIOCHEM PHARMA INC             COM         09058T108     99186   4483000 SH        Sole              1878500           2604500
BIOGEN INC                     COM         090597105      7547    108000 SH        Sole                 1200            106800
BIOMET INC.                    COM         090613100    273467   7518000 SH        Sole               623000           6895000
BLOCK DRUG INC CL A            COM         093644102      7895    286443 SH        Sole                                 286443
BOISE CASCADE CORP             COM         097383103     22073    635195 SH        Sole               635195
BOSTON SCIENTIFIC CORP         COM         101137107     59696   2801000 SH        Sole               369000           2432000
BURLINGTON RES INC             COM         122014103     45810   1238100 SH        Sole               763000            475100
CABLEVISION SYSTEMS            COM         12686C109     22915    377200 SH        Sole               127200            250000
CANADIAN PAC LTD NEW           COM         135923100     19019    850000 SH        Sole               850000
CATERPILLAR INC DEL            COM         149123101    299134   7585010 SH        Sole              1815010           5770000
CHICAGO BRIDGE & IRON          COM         N19808109      5564    332200 SH        Sole               272200             60000

</TABLE>

<PAGE>

                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
CHIRON CORP                    COM         170040109    123745   2481100 SH        Sole               602100           1879000
CHUBB CORP.                    COM         171232101     79460   1176100 SH        Sole               376100            800000
CIRC CITY STORES               COM         172737108     17776    292000 SH        Sole                14000            278000
CIT GROUP INC CL A             COM         125577106    111090   5696900 SH        Sole              1110200           4586700
CLEARNET COMMUNS. INC          COM         184902104     87519   2124890 SH        Sole               446390           1678500
CNF TRANSN INC                 COM         12612W104     36025   1298200 SH        Sole              1298200
COHERENT INC                   COM         192479103    125840   2420000 SH        Sole                                2420000
COMPAQ COMPUTER CORP           COM         204493100    393499  14779292 SH        Sole              1279292          13500000
CONCURRENT COMPUTER CORP       COM         206710204     56650   4465000 SH        Sole                                4465000
COSTCO WHOLESALE CORP.         COM         22160K105    130985   2491980 SH        Sole               491980           2000000
CUMMINS ENGINE INC             COM         231021106     13793    367200 SH        Sole               367200
CUNO INC                       COM         126583103     26176    965000 SH        Sole                                 965000
DEERE & CO                     COM         244199105     93043   2448500 SH        Sole                                2448500
DELPHI AUTOMOTIVE SYS          COM         247126105     18528   1157978 SH        Sole              1157978
DELTA AIR LINES DEL            COM         247361108    956876  17969500 SH        Sole              3383700          14585800
DESCARTES SYS GRP INC          COM         249906108    152921   3245000 SH        Sole                                3245000
DILLARDS INC CL A              COM         254067101     20407   1241500 SH        Sole                                1241500
DIONEX CORP                    COM         254546104     33596   1020000 SH        Sole                                1020000
DISNEY WALT CO.                COM         254687106     75960   1835900 SH        Sole               235900           1600000
DONALDSON INC                  COM         257651109     24368   1080000 SH        Sole                                1080000
DOW CHEMICAL COMPANY           COM         260543103     21956    192600 SH        Sole               192600
DRESS BARN INC                 COM         261570105     20328   1056000 SH        Sole                 6000           1050000
ENGELHARD CORP                 COM         292845104    126631   8372300 SH        Sole              1972300           6400000
ENRON CORP                     COM         293561882      3295     44000 SH        Sole                 4000             40000
ERICSSON L M TEL CO ADR CLB    COM         294821400   1055074  11246630 SH        Sole              2046630           9200000
ERICSSON TEL 4.25% CV ADR      COM         294821509     43979   1691500 SH        Sole              1071500            620000
ESCO ELECTRONICS CORP.         COM         269030102      3350    200000 SH        Sole                                 200000
EVANS & SUTHERLAND COMP.       COM         299096107      9450    840000 SH        Sole                                 840000
F M C CORP COM NEW             COM         302491303     23758    420500 SH        Sole               420500
FARR CO                        COM         311648109      5682    333000 SH        Sole                                 333000
FEDEX CORP                     COM         31428X106    892772  22891600 SH        Sole              4665600          18226000
FLEETWOOD ENTERPRISES          COM         339099103     37135   2517600 SH        Sole              1279500           1238100
FORD MTR CO DEL                COM         345370100       230      5000 SH        Sole                 5000

</TABLE>

<PAGE>

                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
FOX ENTERTAINMENT GRP          COM         35138T107     50894   1700000 SH        Sole                                1700000
GAP INC DEL                    COM         364760108      5417    108750 SH        Sole                                 108750
GC COS INC                     COM         36155Q109      6950    200000 SH        Sole                                 200000
GENENTECH INC.                 COM         368710406     10507     69128 SH        Sole                11348             57780
GENERAL MOTORS HUGHES          COM         370442832   1192383   9577370 SH        Sole              1337370           8240000
GENERAL MTRS CORP              COM         370442105    467675   5647400 SH        Sole              2147400           3500000
GLOBAL CROSSING                COM         G3921A100     84409   2061902 SH        Sole               411902           1650000
GRANITE CONSTR INC             COM         387328107     56700   2100000 SH        Sole                                2100000
GUIDANT CORP                   COM         401698105    563930   9588612 SH        Sole               148348           9440264
HARCOURT GEN INC               COM         41163G101    230313   6182900 SH        Sole              1022300           5160600
HARMONIC LIGHTWAVES            COM         413160102      8325    100000 SH        Sole                                 100000
HCC INSURANCE HOLDINGS         COM         404132102     18550   1400000 SH        Sole                                1400000
HEWLETT PACKARD CO             COM         428236103    640201   4829430 SH        Sole               749430           4080000
HORACE MANN EDUCATORS CORP NEW COM         440327104     15919    863400 SH        Sole               563400            300000
HOUGHTON MIFFLIN CO            COM         441560109     15566    366800 SH        Sole               266800            100000
ICOS CORP                      COM         449295104     36161   1001000 SH        Sole                                1001000
INPUT/OUTPUT INC               COM         457652105     32676   5334850 SH        Sole              2511850           2823000
INTEL CORP                     COM         458140100   1051041   7966200 SH        Sole              2216200           5750000
INTL PAPER CO                  COM         460146103     17207    402500 SH        Sole               402500
IONICS INC.                    COM         462218108     12909    505000 SH        Sole                                 505000
JEFFERSON PILOT CORP.          COM         475070108     65251    980300 SH        Sole               180300            800000
JOHNSON & JOHNSON              COM         478160104    296887   4237462 SH        Sole               282624           3954838
KENNAMETAL INC                 COM         489170100     50878   1692400 SH        Sole               432400           1260000
KFORCE.COM INC.                COM         775835101      1110    122500 SH        Sole                                 122500
LANDEC CORP                    COM         514766104      6851   1015000 SH        Sole                                1015000
LATTICE SEMICONDUCTOR          COM         518415104     62432    922360 SH        Sole               592360            330000
LEUCADIA NATL CORP             COM         527288104      9393    395500 SH        Sole               395500
LEXMARK INTL GRP INC CL A      COM         529771107    188774   1785100 SH        Sole               385100           1400000
LIBERTY CORP S C               COM         530370105     19770    527200 SH        Sole               527200
LILLY ELI & CO                 COM         532457108     68345   1091332 SH        Sole               159692            931640
LINCOLN NATIONAL CORP.         COM         534187109     40384   1205500 SH        Sole               205500           1000000
LINDSAY MFG CO                 COM         535555106      2707    158100 SH        Sole                                 158100
LOWES COS INC                  COM         548661107     95326   1633000 SH        Sole                35000           1598000

</TABLE>

<PAGE>

                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
LSI LOGIC CORP                 COM         502161102    156870   2160000 SH        Sole               760000           1400000
MACDERMID INC                  COM         554273102     45077   1701000 SH        Sole                                1701000
MANPOWER INC                   COM         56418H100    119142   3356100 SH        Sole              1401700           1954400
MATTEL INC                     COM         577081102     16909   1610400 SH        Sole               360400           1250000
MAXIM INTEGRATED PRODS         COM         57772K101     14213    200000 SH        Sole                                 200000
MBIA, INC.                     COM         55262C100     85325   1638900 SH        Sole               238900           1400000
MCCLATCHY CO CL A              COM         579489105     37335   1140000 SH        Sole               140000           1000000
MCI WORLDCOM                   COM         55268b106     15859    350000 SH        Sole                                 350000
MEDTRONIC INC                  COM         585055106    213605   4152700 SH        Sole               687700           3465000
MENTOR CORP MINN               COM         587188103      2090     77400 SH        Sole                12200             65200
METRO-GOLDWYN MAYER            COM         591610100     12719    500000 SH        Sole                                 500000
MICRON TECHNOLOGY INC          COM         595112103   1589606  12615920 SH        Sole              1144920          11471000
MIDWEST EXPRESS HOLDINGS       COM         597911106     43311   1690200 SH        Sole               617200           1073000
MILLIPORE CORP                 COM         601073109    335141   5938260 SH        Sole              1128260           4810000
MINERALS TECHNOLOGIES INC.     COM         603158106     35650    800000 SH        Sole                                 800000
MISSISSIPPI CHEM COM NEW       COM         605288208      4153    609600 SH        Sole               609600
MOLEX INC                      COM         608554101     14343    244140 SH        Sole                                 244140
MOLEX INC CL A                 COM         608554200     10834    244140 SH        Sole                                 244140
MONSANTO                       COM         611662107   1041716  20227500 SH        Sole              2347500          17880000
MOTOROLA, INC.                 COM         620076109    811852   5702210 SH        Sole               953360           4748850
NEIMAN MARCUS B                COM         640204301     40499   1472693 SH        Sole               257792           1214901
NEIMAN MARCUS GRP CLASS A      COM         640204202    111113   3995070 SH        Sole               854470           3140600
NEWS CORP LTD ADR              COM         652487802    168104   3520500 SH        Sole              1270500           2250000
NIKE INC CL B                  COM         654106103     19258    486000 SH        Sole                20000            466000
NOBLE AFFILIATES INC           COM         654894104    120077   3659500 SH        Sole               519500           3140000
NOKIA CORP SPONSORED ADR       COM         654902204     82205    378390 SH        Sole                70390            308000
NORTEL NETWORKS CORP.          COM         656569100    760982   6039540 SH        Sole               704940           5334600
NOVOSTE CORP                   COM         67010C100      5600    140000 SH        Sole                                 140000
OM GROUP INC                   COM         670872100     47156   1036400 SH        Sole                                1036400
OPTIMAL ROBOTICS               COM         68388R208     27260    580000 SH        Sole                                 580000
ORTEL CORP                     COM         68749W102    210435   1121200 SH        Sole                11200           1110000
PALL CORP                      COM         696429307     16828    750000 SH        Sole                                 750000
PE CORP.-CELERA GENOMICS       COM         69332S201    143588   1568200 SH        Sole               128200           1440000

</TABLE>

<PAGE>

                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
PE CORP.-PE BIOSYSTEMS         COM         69332S102    543720   5634400 SH        Sole               954400           4680000
PHARMACIA & UPJOHN             COM         716941109   1150578  19419040 SH        Sole              3403840          16015200
PHELPS DODGE CORP.             COM         717265102      1965     41364 SH        Sole                41364
PINNACLE WEST CAP CORP         COM         723484101      8789    311800 SH        Sole               311800
PITNEY BOWES INC               COM         724479100    134938   3019600 SH        Sole               619600           2400000
PLANTRONICS INC NEW            COM         727493108    149846   1608000 SH        Sole                                1608000
POGO PRODUCING CO              COM         730448107    111568   3906100 SH        Sole               706100           3200000
POLO RALPH LAUREN CORP.        COM         731572103     26163   1400000 SH        Sole                                1400000
POTASH CORP SASK INC           COM         73755L107    125495   2509900 SH        Sole               509900           2000000
POWERWAVE TECHN                COM         739363109     44450    355600 SH        Sole                 5600            350000
PROTEIN DESIGN LABS            COM         74369L103     20726    260700 SH        Sole                 2700            258000
QUESTAR CORP                   COM         748356102     12170    655600 SH        Sole               655600
RAMBUS INC DEL COM             COM         750917106    206150    700000 SH        Sole                                 700000
RAYTHEON COMPANY A             COM         755111309     27646   1469550 SH        Sole              1469550
RAYTHEON COMPANY B             COM         755111408     23954   1349500 SH        Sole              1349500
RESEARCH IN MOTION             COM         760975102    101175    950000 SH        Sole                                 950000
REX STORES CORP COM            COM         761624105     12781    500000 SH        Sole                                 500000
ROBERT HALF INTL               COM         770323103    346455   7303400 SH        Sole              1303400           6000000
RYDER SYS INC                  COM         783549108     13274    585100 SH        Sole               585100
SABRE HOLDINGS CORP            COM         785905100    718492  19451554 SH        Sole              3085894          16365660
SCHLUMBERGER LTD               COM         806857108    113339   1481560 SH        Sole               688060            793500
SEAGRAM LTD                    COM         811850106    228623   3842400 SH        Sole               742400           3100000
SELECTICA INC.                 COM         816288104      2206     25000 SH        Sole                                  25000
SIGMA ALDRICH CORP             COM         826552101    115858   4311000 SH        Sole                11000           4300000
SILICON IMAGE                  COM         82705T102      7163    100000 SH        Sole                                 100000
SKYLINE CORP                   COM         830830105      3095    142700 SH        Sole               142700
SONY CORP ADR NEW              COM         835699307    889229   3174400 SH        Sole               250700           2923700
SOUTHWEST AIRLS CO             COM         844741108    301642  14493287 SH        Sole              1435037          13058250
SPRINT FON GROUP               COM         852061100    297606   4723900 SH        Sole               423900           4300000
ST PAUL COS INC                COM         792860108     51853   1519500 SH        Sole               419500           1100000
STRATTEC SEC CORP              COM         863111100     13929    405200 SH        Sole               185200            220000
SYMBOL TECHNOLOGIES            COM         871508107    197550   2400000 SH        Sole                                2400000
TANDY CORP.                    COM         875382103    147175   2900000 SH        Sole                                2900000

</TABLE>

<PAGE>

                                      PRIMECAP Management Company
                                              FORM 13F
                                            MARCH 31, 2000

<TABLE>
<CAPTION>
                                                                                                          VOTING AUTHORITY
                                                                                                      ------------------------
                                                       VALUE    SHARES/  SH/ PUT/  INVSTMT   OTHER
     NAME OF ISSUER         TITLE OF CLASS    CUSIP   (X$1000)  PRN AMT  PRN CALL  DSCRETN  MANAGERS  SOLE    SHARED    NONE
- --------------------------- -------------- ---------  --------  -------- --- ----  -------  -------- -------  ------  --------
<S>                         <C>            <C>        <C>       <C>      <C> <C>   <C>      <C>      <C>      <C>     <C>
TARGET CORPORATION             COM         87612E106     28001    374600 SH        Sole                14600            360000
TEKTRONIX INC                  COM         879131100    326808   5835860 SH        Sole              1110860           4725000
TELLABS INC                    COM         879664100    125969   2000000 SH        Sole                                2000000
TEMPLE INLAND INC              COM         879868107     94046   1888000 SH        Sole               588000           1300000
TETRA TECH                     COM         88162G103     16981    715000 SH        Sole                                 715000
TEXAS INSTRS INC               COM         882508104   2043744  12773400 SH        Sole              2440400          10333000
TIFFANY & CO.                  COM         886547108     20137    240800 SH        Sole                24400            216400
TJX COS INC NEW                COM         872540109    147318   6639700 SH        Sole                48600           6591100
TOM HILFIGER COMPANY           COM         G8915Z102     89999   6206800 SH        Sole              2206800           4000000
TORCHMARK CORP                 COM         891027104     89836   3884800 SH        Sole              1284800           2600000
TOSCO CORP                     COM         891490302     38514   1257600 SH        Sole              1257600
TRANSATLANTIC HLDGS            COM         893521104     48094    562500 SH        Sole                                 562500
UAL CORP COM PAR $0.01         COM         902549500    232969   3850720 SH        Sole               120720           3730000
UMB FINANCIAL CORP             COM         902788108      2426     66000 SH        Sole                                  66000
UNION PAC RES GRP              COM         907834105    106081   7315900 SH        Sole              2515900           4800000
UNION PACIFIC CORP.            COM         907818108    201529   5150900 SH        Sole              1050900           4100000
UNITED PARCEL SERVICE INC.     COM         911312106     24735    395765 SH        Sole                80495            315270
UNUMPROVIDENT COMPANIES        COM         915294106     32156   1898500 SH        Sole               398500           1500000
VARCO INTL INC                 COM         922126107     41575   3293100 SH        Sole              2057100           1236000
VULCAN MATERIALS CO.           COM         929160109     18467    403100 SH        Sole               403100
WELLS FARGO & CO.              COM         949746101    133129   3252000 SH        Sole               252000           3000000
WESTVACO CORP                  COM         961548104     31403    940900 SH        Sole               940900
WILLAMETTE INDS INC            COM         969133107     14373    358200 SH        Sole               358200
XILINX INC                     COM         983919101    233432   2818800 SH        Sole               358800           2460000
ZENITH NATL INS CORP           COM         989390109     10961    494000 SH        Sole               344000            150000
REPORT SUMMARY               190 DATA RECORDS         30776362            0       OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

</TABLE>

Do not save this screen as a text file. This report automatically creates the
text file 13ftable.txt, which meets all SEC filing requirements. For details on
the location of this text file, see your 705 Report documentation.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission