UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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: NWQ INVESTMENT MANAGEMENT CO INC/MA
Address: 2049 Century Park East 4th Floor
Los Angeles, CA 90067
13F File Number: 28-______
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: MARY-GENE SLAVEN
Title: Managing-Director
Phone: 310-712-4002_
Signature, Place, and Date of Signing:
Mary-Gene Slaven Los Angeles __ 07/13/1999______
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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:
Form 13F Information Table Entry Total: 188
Form 13F Information Table Value Total: $5,689,937
List of Other Included Managers:
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 53420 1453605 SH DEFINED 944304 0 509301
ACTEL CORPORATION COM 004934105 1078 73108 SH DEFINED 56100 0 17008
AETNA INC COM 008117103 171931 1922360 SH DEFINED 798898 0 1123462
AIR PRODUCTS & CHEMICALS INC COM 009158106 72737 1807134 SH DEFINED 691026 0 1116108
ALBERTO-CULVER CO. CLASS A COM 013068200 7407 325594 SH DEFINED 179800 0 145794
ALEXANDRIA REAL EST EQUITIES COM 015271109 2640 84481 SH DEFINED 64775 0 19706
ALIGN-RITE INTERNATIONAL COM 016251100 894 64461 SH DEFINED 49700 0 14761
ALLEGHENY TELEDYNE INC COM 017415100 3052 134900 SH DEFINED 116900 0 18000
ALLEN TELECOM INC COM 018091108 3005 273190 SH DEFINED 88400 0 184790
ALLIED SIGNAL INC COM 019512102 674 10700 SH DEFINED 700 0 10000
ALLSTATE CORPORATION COM 020002101 95456 2660786 SH DEFINED 1202771 0 1458015
ALLTEL CORP COM 020039103 20318 284169 SH DEFINED 166892 0 117277
AMERICAN GREETINGS CORP CL A COM 026375105 20436 678368 SH DEFINED 544140 0 134228
AMERICAN INTL GROUP INC COM 026874107 46810 399234 SH DEFINED 181271 0 217963
ANHEUSER BUSCH COS INC COM 035229103 220 3100 SH SOLE 3100 0 0
ANTEC CORPORATION COM 03664P105 2383 74330 SH DEFINED 57775 0 16555
ASSISTED LIVING CONCEPTS INC. COM 04543L109 166 82850 SH DEFINED 68150 0 14700
@ENTERTAINMENT INC. COM 045920105 4461 237900 SH DEFINED 222900 0 15000
ATCHISON CASTING CORP COM 046613105 2129 206423 SH DEFINED 123850 0 82573
BJ SERVICES CO COM 055482103 50277 1707940 SH DEFINED 433464 0 1274476
BAKER HUGHES INC COM 057224107 335 10000 SH SOLE 10000 0 0
BANK OF AMERICA CORP COM 060505104 122069 1665056 SH DEFINED 839415 0 825641
BANK OF NEW YORK COM 064057102 86056 2345638 SH DEFINED 787819 0 1557819
BANK ONE CORP (NEW) COM 06423A103 133883 2247780 SH DEFINED 1052428 0 1195352
BEAR STEARNS COMPANIES INC COM 073902108 84311 1803449 SH DEFINED 801369 0 1002080
BELDEN INC COM 077459105 1964 82038 SH DEFINED 61600 0 20438
BELL ATLANTIC CORP COM 077853109 8354 127781 SH DEFINED 1400 0 126381
BESTFOODS COM 08658U101 619 12500 SH SOLE 12500 0 0
BON-TON STORES COM 09776J101 1375 213664 SH DEFINED 162600 0 51064
BORG WARNER AUTOMOTIVE INC COM 099724106 2186 39752 SH DEFINED 30245 0 9507
BOWATER INC COM 102183100 4134 87258 SH DEFINED 19000 0 68258
BURLINGTON NORTHERN SANTA FE COM 12189T104 19598 632203 SH DEFINED 23181 0 609022
BURLINGTON RESOURCES INC COM 122014103 1000 23110 SH DEFINED 7575 0 15535
CIGNA CORP COM 125509109 118948 1336495 SH DEFINED 487215 0 849280
CAL DIVE INTL INC. COM 127914109 809 27091 SH DEFINED 18900 0 8191
CASE CORP COM 14743R103 93356 1939872 SH DEFINED 841411 0 1098461
CATERPILLAR INC COM 149123101 576 9600 SH DEFINED 7200 0 2400
CELLULAR COMM PF PUERTO RICO COM 15116N108 23828 836082 SH DEFINED 559850 0 276232
CHAMPION INTERNATIONAL CORP COM 158525105 206 4300 SH SOLE 4300 0 0
CHASE MANHATTAN CORP COM 16161A108 163334 1888252 SH DEFINED 704422 0 1183830
CHEVRON CORP COM 166751107 203 2136 SH SOLE 2136 0 0
CITIGROUP INC COM 172967101 74466 1567711 SH DEFINED 436909 0 1130802
CLAIRE'S STORES INC COM 179584107 899 34900 SH DEFINED 29800 0 5100
COASTAL CORP COM 190441105 60208 1495857 SH DEFINED 394804 0 1101053
COFLEXIP-SPONSORED ADR COM 192384105 1366 31394 SH DEFINED 23650 0 7744
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 74550 3267958 SH DEFINED 1152317 0 2115641
COMCAST CORP CL A SPL COM 200300200 231 6000 SH SOLE 6000 0 0
COMMERCIAL BANK OF NEW YORK COM 201462108 865 70636 SH DEFINED 54075 0 16561
COMMERCIAL FEDERAL CORP COM 201647104 2431 104833 SH DEFINED 75687 0 29146
COOPER INDUSTRIES INCORPORATED COM 216669101 12420 238837 SH DEFINED 221550 0 17287
COUNTRYWIDE CREDIT COM 222372104 1646 38500 SH SOLE 38500 0 0
COX COMMUNICATIONS INC CL A COM 224044107 25836 701829 SH DEFINED 443300 0 258529
DARDEN RESTAURANTS INC COM 237194105 6091 279248 SH DEFINED 141700 0 137548
DEERE & CO COM 244199105 45549 1162330 SH DEFINED 474801 0 687529
DEL MONTE FOODS CO COM 24522P103 2295 137015 SH DEFINED 98950 0 38065
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 64212 3470895 SH DEFINED 1137802 0 2333093
DELTA AIR LINES, INC COM 247361108 64070 1111838 SH DEFINED 489395 0 622443
DIAMOND OFFSHORE DRILLING COM 25271C102 2748 96830 SH DEFINED 91455 0 5375
DONCASTERS PLC-SPONSORED ADR COM 257692103 1561 89220 SH DEFINED 66030 0 23190
DU PONT (E.I.) DE NEMOURS COM 263534109 43173 631995 SH DEFINED 139589 0 492406
EASTMAN KODAK COMPANY COM 277461109 224 3300 SH SOLE 3300 0 0
ELDER-BEERMAN STORES CORP COM 284470101 973 133009 SH DEFINED 87500 0 45509
EMERSON ELECTRIC COMPANY COM 291011104 69188 1099312 SH DEFINED 651809 0 447503
ENRON OIL & GAS COM 293562104 840 41500 SH SOLE 41500 0 0
EXXON CORPORATION COM 302290101 910 11800 SH SOLE 11800 0 0
FPIC INSURANCE GROUP INC COM 302563101 1381 28472 SH DEFINED 20950 0 7522
FARM FAMILY HOLDINGS INC COM 307901108 2520 73707 SH DEFINED 54025 0 19682
FEDERAL-MOGUL CORP COM 313549107 16534 317958 SH DEFINED 275000 0 42958
FEDERAL NATL MTG ASSN COM 313586109 123659 1811855 SH DEFINED 838760 0 973095
FEDERATED DEPART STORES INC (NEW) 31410H101 93963 1774975 SH DEFINED 673049 0 1101926
FIRST SECURITY CORP/DEL COM 336294103 11262 413282 SH DEFINED 292300 0 120982
FIRST UNION CORP COM 337358105 140503 2981497 SH DEFINED 1513410 0 1468087
FLEET FINANCIAL GROUP COM 338915101 4091 92200 SH SOLE 92200 0 0
FORD MOTOR COMPANY COM 345370100 33541 594300 SH DEFINED 282800 0 311500
FORT JAMES CORPORATION COM 347471104 686 18100 SH SOLE 18100 0 0
FORTUNE BRANDS, INC. COM 349631101 101750 2459208 SH DEFINED 1054250 0 1404958
FOSTER WHEELER CORP COM 350244109 325 23100 SH SOLE 23100 0 0
FRESENIUS MED CARE HLDGS INC SPEC DIV PFD S358030203 5 308661 SH DEFINED 280344 0 28317
GALILEO INTERNATIONAL INC COM 363547100 28280 529213 SH DEFINED 415100 0 114113
GAYLORD CONTAINER CORP CL A COM 368145108 2521 317660 SH DEFINED 239325 0 78335
GENERAL ELECTRIC COMPANY COM 369604103 2953 26135 SH DEFINED 21135 0 5000
GRAINGER W W INC COM 384802104 48808 907010 SH DEFINED 803460 0 103550
GRIFFON CORP COM 398433102 1673 214096 SH DEFINED 163875 0 50221
GROUP MAINTENANCE AMERICA CP COM 39943E107 1008 77918 SH DEFINED 57050 0 20868
HSB GROUP INC COM 40428N109 2070 50253 SH DEFINED 37060 0 13193
HALLIBURTON COMPANY COM 406216101 179658 3970334 SH DEFINED 1582282 0 2388052
HALTER MARINE GROUP INC COM 40642Y105 225 34033 SH SOLE 34033 0 0
HARTFORD FINL SERVICES GRP INC COM 416515104 66419 1139016 SH DEFINED 439195 0 699821
HASBRO INC COM 418056107 28921 1035189 SH DEFINED 607200 0 427989
HAYES LEMMERZ INTL INC COM 420781106 10986 374002 SH DEFINED 206150 0 167852
HELLER FINANCIAL INC COM 423328103 21919 788095 SH DEFINED 526500 0 261595
HEWLETT-PACKARD COMPANY COM 428236103 107088 1065552 SH DEFINED 342034 0 723518
HONEYWELL INC COM 438506107 85274 735913 SH DEFINED 204975 0 530938
HOUSEHOLD INTL INC COM 441815107 2644 55800 SH DEFINED 40200 0 15600
IMC GLOBAL INC COM 449669100 22895 1317718 SH DEFINED 285185 0 1032533
IMCO RECYCLING COM 449681105 1010 58965 SH DEFINED 39550 0 19415
INDYMAC MORTGATE HLDGS INC COM 456607100 15301 956340 SH DEFINED 661900 0 294440
INGERSOLL RAND CO COM 456866102 114946 1778666 SH DEFINED 644693 0 1133973
INTERNATIONAL PAPER COM 460146103 1176 23399 SH DEFINED 1188 0 22211
INTERNATIONAL RECTIFIER COM 460254105 160 12000 SH SOLE 12000 0 0
INTL SPECIALTY PROD COM 460337108 2232 219113 SH DEFINED 163350 0 55763
KENNAMETAL INC COM 489170100 21756 701800 SH DEFINED 619355 0 82445
LANCE INCORPORATED COM 514606102 1559 99799 SH DEFINED 71298 0 28501
LEAR CORPORATION COM 521865105 17526 352289 SH DEFINED 154800 0 197489
LOCKHEED MARTIN CORP. COM 539830109 60069 1612587 SH DEFINED 661241 0 951346
LOEWS CORP DEL COM 540424108 148853 1881236 SH DEFINED 863150 0 1018086
LYONDELL CHEMICAL COMPANY COM 552078107 25584 1240432 SH DEFINED 910400 0 330032
MGIC INVESTMENT CORP COM 552848103 13002 267392 SH DEFINED 231900 0 35492
MANDALAY RESORT GROUP COM 562567107 11979 565393 SH DEFINED 280700 0 284693
MARINE DRILLING CO. COM 568240204 624 45600 SH DEFINED 38600 0 7000
MAYTAG CORP COM 578592107 28711 411252 SH DEFINED 360150 0 51102
MEDIAONE GROUP INC COM 58440J104 224181 3014202 SH DEFINED 1426851 0 1587351
MERIDIAN RESOURCE GROUP COM 58977Q109 239 61764 SH DEFINED 51764 0 10000
MIDCOAST ENERGY RESOURCES COM 59563W104 801 49664 SH DEFINED 34700 0 14964
MIRAGE RESORTS INC COM 60462E104 954 56947 SH DEFINED 42000 0 14947
MOBIL CORPORATION COM 607059102 362 3662 SH SOLE 3662 0 0
MORGAN J P & CO INC COM 616880100 232 1650 SH SOLE 1650 0 0
NTL INC COM 629407107 46601 540694 SH DEFINED 335825 0 204869
NABISCO HOLDINGS CORP-CL A COM 629526104 327 7599 SH DEFINED 0 0 7599
NABISCO GROUP HOLDINGS COM 62952P102 43336 2215262 SH DEFINED 1298415 0 916847
NATIONAL CITY CORP CLEVELAND COM 635405103 8754 133642 SH DEFINED 126989 0 6653
NOBLE AFFILIATES INC COM 654894104 13979 495922 SH DEFINED 342250 0 153672
NOBLE DRILLING CORP COM 655042109 25793 1310125 SH DEFINED 1169750 0 140375
NORTHERN TRUST CORP COM 665859104 582 6000 SH SOLE 6000 0 0
OCEAN ENERGY INC (NEW) COM 67481E106 29292 3043307 SH DEFINED 2405647 0 637660
PENNEY J C COMPANY COM 708160106 589 12135 SH DEFINED 0 0 12135
PEPSI BOTTLING GROUP INC. COM 713409100 1133 49000 SH SOLE 49000 0 0
PHARMACIA & UPJOHN INC. COM 716941109 23007 404964 SH DEFINED 216400 0 188564
PFIZER INC COM 717081103 1117 10244 SH SOLE 10244 0 0
PHILADELPHIA CONS HLDG CO COM 717528103 1745 71226 SH DEFINED 51850 0 19376
PHILIP MORRIS COMPANIES INC COM 718154107 150080 3734486 SH DEFINED 1696128 0 2038358
PRAXAIR INC. COM 74005P104 121880 2490529 SH DEFINED 1115212 0 1375317
PROVIDENT COMPANIES, INC COM 743862104 40827 1020665 SH DEFINED 931165 0 89500
QUAKER FABRIC CORP COM 747399103 902 215369 SH DEFINED 159525 0 55844
QUANTUM CORP. COM 747906105 22278 923430 SH DEFINED 624200 0 299230
RAYCHEM CORP COM 754603108 740 20000 SH SOLE 20000 0 0
RAYONIER INC COM 754907103 2120 42569 SH DEFINED 31255 0 11314
RJ REYNOLDS TOBACCO HOLDINGS COM 76182K105 19821 624289 SH DEFINED 328005 0 296284
RITCHIE BROS. AUCTIONEERS COM 767744105 993 26033 SH DEFINED 19650 0 6383
ROHM & HAAS CO COM 775371107 13734 320335 SH DEFINED 279272 0 41063
SBC COMMUNICATIONS INC COM 78387G103 3120 53800 SH DEFINED 35300 0 18500
SCHLUMBERGER LIMITED COM 806857108 553 8690 SH DEFINED 4990 0 3700
SCRIPPS E W CO (NEW) COM 811054204 22664 476500 SH DEFINED 423200 0 53300
SEALED AIR CORP (NEW) COM 81211K100 285 4391 SH DEFINED 3748 0 643
SEALED AIR CORP CONV PFD $2 SER A 81211K209 243 3892 SH DEFINED 3322 0 570
SHAW GROUP INC COM 820280105 843 53120 SH DEFINED 40300 0 12820
STOLT COMEX SEAWAY ADR CL A COM 861567105 114 10650 SH SOLE 10650 0 0
STORAGE TECHNOLOGY CORP COM 862111200 1790 78700 SH DEFINED 71300 0 7400
TELEPHONE & DATA SYS INC COM 879433100 37169 508292 SH DEFINED 319900 0 188392
TENNECO INC. COM 88037E101 5446 228100 SH DEFINED 210900 0 17200
TEXAS INSTRUMENTS INCORPORATED COM 882508104 236144 1639888 SH DEFINED 657902 0 981986
TEXTRON INC COM 883203101 32377 393346 SH DEFINED 126321 0 267025
THOMAS & BETTS CORP COM 884315102 22343 472862 SH DEFINED 404612 0 68250
TIME WARNER INC. COM 887315109 124703 1717079 SH DEFINED 632889 0 1084190
TITAN EXPLORATION INC. COM 888289105 205 41095 SH DEFINED 21000 0 20095
TITAN INTERNATIONAL INC COM 88830M102 1634 137566 SH DEFINED 100900 0 36666
TORCHMARK CORP COM 891027104 22949 672507 SH DEFINED 444100 0 228407
TOSCO CORP COM NEW COM 891490302 21324 822114 SH DEFINED 535300 0 286814
TOYS R US COM 892335100 395 19100 SH SOLE 19100 0 0
TRAVELERS PROP CASUALTY CL A COM 893939108 18800 480504 SH DEFINED 387275 0 93229
TROPICAL SPORTSWEAR INTL. COM 89708P102 3060 95992 SH DEFINED 72750 0 23242
U S BANCORP DEL COM 902973106 348 10434 SH SOLE 10434 0 0
UNILEVER NV NY SHS NEW COM 904784709 25621 367322 SH DEFINED 119543 0 247779
UNICOM CORP COM 904911104 410 10642 SH DEFINED 7400 0 3242
UNION PACIFIC RESOURCE GROUP COM 907834105 42278 2591725 SH DEFINED 58279 0 2533446
UNIONBANCAL CORPORATION COM 908906100 11123 307900 SH DEFINED 296200 0 11700
UNITED STATIONERS INC COM 913004107 725 32936 SH DEFINED 24275 0 8661
UNITED TECHNOLOGIES CORP COM 913017109 30170 419034 SH DEFINED 377154 0 41879
UNUMPROVIDENT CORP COM 91529Y106 8961 163666 SH DEFINED 0 0 163666
VINTAGE PETROLEUM, INC COM 927460105 108 10000 SH DEFINED 9300 0 700
WACKENHUT CORP - CL B COM 929794303 2315 96458 SH DEFINED 68925 0 27533
WADDELL & REED FINANCIAL COM 930059100 11089 402334 SH DEFINED 382539 0 19795
WADDELL & REED FINL INC CL B COM 930059209 545 20200 SH DEFINED 18070 0 2130
WALLACE COMPUTER SERVICES, INC COM 932270101 200 8000 SH SOLE 8000 0 0
WASTE MANAGEMENT INC COM 94106L109 146573 2726934 SH DEFINED 1389922 0 1337012
WAUSAU-MOSINEE PAPER CORP COM 943315101 1784 99106 SH DEFINED 72500 0 26606
WEATHERFORD INTERNATIONAL COM 947074100 37785 1031680 SH DEFINED 965930 0 65750
WEIDER NUTRITION INTL INC COM 948603105 507 122975 SH DEFINED 106975 0 16000
WELLPOINT HEALTH NETWORKS COM 94973H108 399 4700 SH SOLE 4700 0 0
WELLS FARGO & CO (NEW) COM 949746101 194030 4538718 SH DEFINED 1945700 0 2593018
WEYERHAEUSER COMPANY COM 962166104 1183 17200 SH DEFINED 0 0 17200
WHITNEY HOLDING CO COM 966612103 1519 38216 SH DEFINED 26950 0 11266
XEROX CORP COM 984121103 117801 1994513 SH DEFINED 702470 0 1292043
YORK INTL CORP NEW COM 986670107 29363 685859 SH DEFINED 499220 0 186639
CORECOMM LIMITED ORD COM G2422R109 45721 947580 SH DEFINED 644100 0 303480
TRANSOCEAN OFFSHORE INC CAYMAN COM G90076103 30345 1155992 SH DEFINED 647332 0 508660
STOLT COMEX SEAWAY COM L8873E103 1838 168992 SH DEFINED 119975 0 49017
NEW HOLLAND N.V. COM N62648105 3196 186627 SH DEFINED 0 0 186627
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