<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: SEPTEMBER 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: EMERSON INVESTMENT MANAGEMENT, INC.
Address: 11 BEACON STREET
BOSTON, MASSACHUSETTS 02108
Form 13F File Number: 28-6048
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: BRADFORD A. GARDNER
Title: PRESIDENT
Phone: (617) 720-1516
Signature, Place, and Date of Signing:
- -------------------------- ------------------------- ----------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[XX] 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).)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 164 DATA RECORDS
Form 13F Information Table Value Total: $ 251,133
(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.
NONE
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EMERSON INVESTMENT MANAGEMENT, INC.
FORM 13F
September 30, 1999
<TABLE>
<CAPTION>
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>
FIRST AUSTRALIA PRIME IBF 318653102 7879 1286447 SH SOLE 1286447
GLOBAL HIGH INCOME DOLLAR FD IBF 37933G108 4589 412468 SH SOLE 412468
MORGAN STANLEY EMERGING MKT DE IBF 61744H105 93 13300 SH SOLE 13300
STRATEGIC GLOBAL INCOME FD IBF 862719101 4514 440400 SH SOLE 440400
TEMPLETON GLOBAL GVT IBF 879929107 1294 205000 SH SOLE 205000
TEMPLETON GLOBAL INCOME IBF 880198106 2127 321000 SH SOLE 321000
COLONIAL HIGH YLD MUNI CL B BF 137 13943 SH SOLE 13943
DLJ HIGH YIELD BOND FUND BF 23322Y108 3369 417833 SH SOLE 417833
DUFF & PHELPS SEL BF 264324104 640 66105 SH SOLE 66105
JOHN HANCOCK PATRIOT PREM DIV BF 41013Q101 105 11949 SH SOLE 11949
KEMPER INCOME TRUST BF 48841G106 2104 243900 SH SOLE 243900
LOOMIS SAYLES BOND FUND BF 543487607 225 19194 SH SOLE 19194
MANAGED HIGH INCOME BF 56166C105 4758 536088 SH SOLE 536088
MANAGED HIGH YIELD CEF BF 561911108 125 11019 SH SOLE 11019
MFS INTERMED INCOME BF 55273C107 133 20800 SH SOLE 20800
MFS MULTIMARKET INCOME TRUST BF 552737108 7124 1187300 SH SOLE 1187300
OPPENHEIMER FUND BF 683933105 8677 1036010 SH SOLE 1036010
PILGRIM AMERICA PRIME BF 720906106 370 39000 SH SOLE 39000
PUTNAM MASS II TAX EXEMPT IN T BF 74683H309 184 20370 SH SOLE 20370
SENIOR HIGH INCOME BF 81721E107 1810 247500 SH SOLE 247500
STEIN ROE INCOME FUND BF 562 60750 SH SOLE 60750
TRANSAMERICA INC SHRS BF 893506105 338 15000 SH SOLE 15000
USLIFE INCOME FUND BF 917324105 347 37500 SH SOLE 37500
VAN KAMPEN BOND FUND BF 920955101 978 59485 SH SOLE 59485
AGRIUM INC PFD PFD 008916207 278 13500 SH SOLE 13500
AT&T CAPITAL CORP PFD 8.25% PFD 00206J209 2525 104400 SH SOLE 104400
BARCLAYS BANK PFD D PFD 06738C802 310 11800 SH SOLE 11800
BARCLAYS BANK PFD E PFD 06738C836 1319 52875 SH SOLE 52875
CITIGROUP CAPITAL VI PFD 17305L208 217 9880 SH SOLE 9880
DELTA AIR LINES PFD PFD 247361405 425 17400 SH SOLE 17400
DUKE ENERGY CAP TR PFD 26439G209 201 8800 SH SOLE 8800
EQUITY OFFICE PROPERTIES TRUST PFD 294741202 5566 233125 SH SOLE 233125
FIRST INDL REALTY PFD PFD 32054K806 205 10200 SH SOLE 10200
GLACIER WTR TR PFD 376398202 650 35400 SH SOLE 35400
GLIMCHER REALTY PFD B PFD 379302201 1211 66800 SH SOLE 66800
HIGHWOODS PROPERTIES PFD B PFD 431284306 3112 168775 SH SOLE 168775
RELIASTAR PFD A PFD 75952D200 1912 79475 SH SOLE 79475
ROYAL BANK SCOTLAND PFD I 8.0% PFD 780097861 883 37000 SH SOLE 37000
ROYAL BK SCOTLAND PFD H 7.25% PFD 780097879 1180 54705 SH SOLE 54705
ROYAL BK SCOTLAND PFD J 8.50% PFD 780097853 200 8000 SH SOLE 8000
TEXTRON CAPITAL PFD PFD 883198202 1921 81325 SH SOLE 81325
TRAVELERS P&C CAPITAL I PFD 893931204 375 15295 SH SOLE 15295
UNIONBANCAL FINL PFD PFD 90905Q109 244 11000 SH SOLE 11000
ARCHSTONE COMMUN SER A CPFD 039581202 543 20400 SH SOLE 20400
CENDANT CORP SER I CV PFD CPFD 151313301 4352 149750 SH SOLE 149750
CRESCENT REAL ESTATES SER A CV CPFD 225756204 7580 505360 SH SOLE 505360
EQUITY RES PROP SER J CPFD 29476L826 3289 122375 SH SOLE 122375
KN ENERGY INC PFD CPFD 482620507 3577 98010 SH SOLE 98010
LINCOLN CONVERTIBLE SECURITIES CPFD 534183108 3193 230100 SH SOLE 230100
REPUBLIC INDUSTRIES CONV PFD CPFD 05300A202 2440 185000 SH SOLE 185000
UTILICORP UNITED PFD CPFD 918005877 759 30075 SH SOLE 30075
3COM CORP COM 885535104 269 9345 SH SOLE 9345
A T & T COM 001957109 3697 84984 SH SOLE 84984
ABBOTT LABS COM 002824100 275 7500 SH SOLE 7500
ALLIED SIGNAL INC COM 019512102 2745 45806 SH SOLE 45806
ALLMERICA FINANCIAL CORP COM 019754100 1293 27150 SH SOLE 27150
AMERICAN EXPRESS CO COM 025816109 1717 12722 SH SOLE 12722
AMERICAN HOME PROD COM 026609107 377 9083 SH SOLE 9083
AMERICAN INT'L GROUP COM 026874107 4011 46134 SH SOLE 46134
AMERITECH CORPORATION COM 030954101 218 3261 SH SOLE 3261
ANALOG DEVICES COM 032654105 518 10100 SH SOLE 10100
ANHEUSER BUSCH COS COM 035229103 360 5140 SH SOLE 5140
ARCHSTONE COMMUNITIES TRUST COM 039581103 1293 65450 SH SOLE 65450
ASSOCIATES FIRST CAP CORP CL A COM 046008108 330 9165 SH SOLE 9165
AUTOMATIC DATA COM 053015103 255 5710 SH SOLE 5710
BANC ONE COM 06423A103 963 27667 SH SOLE 27667
BCE INC COM 05534B109 339 6800 SH SOLE 6800
BELL ATLANTIC CORP COM 077853109 478 7094 SH SOLE 7094
BELLSOUTH CORP COM 079860102 230 5118 SH SOLE 5118
BENNETT ENVIRONMENTAL INC COM 081906109 82 11500 SH SOLE 11500
BERKSHIRE HATHAWAY INC CL B COM 084670207 1383 745 SH SOLE 745
BIOGEN INC. COM 090597105 3954 50165 SH SOLE 50165
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
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>
BIOMET INC COM COM 090613100 1171 44500 SH SOLE 44500
BMC SOFTWARE COM 055921100 1818 25403 SH SOLE 25403
BOEING CO COM 097023105 750 17590 SH SOLE 17590
BOSTON SCIENTIFIC CORP COM 101137107 1106 44700 SH SOLE 44700
BP AMOCO PLC - SPONS ADR COM 055622104 631 5692 SH SOLE 5692
BRISTOL MYERS SQUIBB COM 110122108 1333 19754 SH SOLE 19754
CABLEVISION COM 12686C109 6078 83544 SH SOLE 83544
CARNIVAL COPR CL A COM 143658102 361 8300 SH SOLE 8300
CHALCO INDUSTRIES INC COM 0 61295 SH SOLE 61295
CHASE MANHATTAN CORP COM 16161A108 442 5858 SH SOLE 5858
CHEVRON CORPORATION COM 166751107 399 4500 SH SOLE 4500
CISCO SYSTEMS INC COM 17275R102 3782 55165 SH SOLE 55165
CITIGROUP INC COM 172967101 3209 72924 SH SOLE 72924
CITIZENS TRUST CO COUDERSPORT COM 272 9453 SH SOLE 9453
COLGATE PALMOLIVE COM 194162103 1869 40860 SH SOLE 40860
COMPUTER ASSOCIATES COM 204912109 4012 65634 SH SOLE 65634
DAIMLERCHRYSLER AG COM D1668R123 595 8565 SH SOLE 8565
DELPHI FINANCIAL GRP COM 247131105 1667 55229 SH SOLE 55229
DISNEY (WALT) COM 254687106 827 31790 SH SOLE 31790
DUPONT E I DE NEMOURS COM 263534109 428 7077 SH SOLE 7077
ELECTRONIC DATA SYSTEMS COM 285661104 255 4825 SH SOLE 4825
EMC CORP MASS COM 268648102 446 6250 SH SOLE 6250
ENRON CORP COM 293561106 513 12500 SH SOLE 12500
EQUIFAX INC COM COM 294429105 672 23880 SH SOLE 23880
EQUITY RESIDENTIAL PROP TR COM 29476L107 696 16434 SH SOLE 16434
EXXON CORP COM 302290101 2521 33172 SH SOLE 33172
FDX CORPORATION COM 31304N107 3078 79170 SH SOLE 79170
FEDERAL NAT MORTGAGE COM 313586109 608 9705 SH SOLE 9705
FLEET BOSTON CORP COM 33901A108 332 9052 SH SOLE 9052
FORD MOTOR CO COM 345370100 529 10521 SH SOLE 10521
GENERAL ELECTRIC CO COM 369604103 6241 52638 SH SOLE 52638
GILLETTE CO COM 375766102 809 23850 SH SOLE 23850
GTE CORP COM 362320103 358 4659 SH SOLE 4659
HALLIBURTON CO COM 406216101 2440 59521 SH SOLE 59521
HARRAH'S ENTERTAINMENT INC COM 413619107 1186 42750 SH SOLE 42750
HEALTHCARE REALTY TRUST COM 421946104 440 23445 SH SOLE 23445
HEWLETT PACKARD CO COM 428236103 1153 12706 SH SOLE 12706
HOME DEPOT COM 437076102 3763 54836 SH SOLE 54836
IBM COM 459200101 5975 49381 SH SOLE 49381
INTEL CORP COM 458140100 6114 82269 SH SOLE 82269
J P MORGAN COM 616880100 226 1974 SH SOLE 1974
JOHNSON & JOHNSON COM 478160104 3886 42298 SH SOLE 42298
KEANE INC COM 486665102 533 23352 SH SOLE 23352
LILLY ELY CORP COM 532457108 366 5700 SH SOLE 5700
LSI LOGIC CORP COM 502161102 474 9110 SH SOLE 9110
LUCENT TECHNOLOGIES INC COM 549463107 2620 40381 SH SOLE 40381
MCI WORLDCOM INC COM 55268B106 2062 28694 SH SOLE 28694
MEDTRONIC COM 585055106 1352 38016 SH SOLE 38016
MERCK & CO INC COM 589331107 2935 45287 SH SOLE 45287
MICROSOFT INC COM 594918104 1583 17476 SH SOLE 17476
MOBIL CORP COM 607059102 212 2100 SH SOLE 2100
MYLAN LABS INC COM COM 628530107 485 26405 SH SOLE 26405
NEW PLAN EXECL REALTY TRUST COM 648053106 659 36975 SH SOLE 36975
NOKIA CORP COM 654902204 278 3090 SH SOLE 3090
NORTEL NETWORKS CORP COM 656569100 1545 30300 SH SOLE 30300
OFFICEMAX INC COM 67622M108 69 11950 SH SOLE 11950
ORACLE SYSTEMS COM 68389X105 634 13940 SH SOLE 13940
PEOPLES HERITAGE FINL GRP COM 711147108 426 25627 SH SOLE 25627
PEPSICO INC COM 713448108 882 28930 SH SOLE 28930
PFIZER INC COM 717081103 4285 119452 SH SOLE 119452
PROCTER & GAMBLE CO COM 742718109 469 5000 SH SOLE 5000
RELIASTAR FINANCIAL CORP COM 75952U103 914 27480 SH SOLE 27480
ROSS STORES INC COM 778296103 1300 64600 SH SOLE 64600
ROYAL DUTCH PET CO NY COM 780257804 249 4222 SH SOLE 4222
SBC COMMUNICATIONS COM 78387G103 408 7992 SH SOLE 7992
SCHERING-PLOUGH COM 806605101 832 19063 SH SOLE 19063
SCHLUMBERGER LTD COM 806857108 1920 30818 SH SOLE 30818
SMITHKLINE BEECHAM ORD ADR COM 832378301 883 15325 SH SOLE 15325
ST JUDE MEDICAL COM 790849103 274 8710 SH SOLE 8710
STAPLES INC COM 855030102 728 33397 SH SOLE 33397
STRYKER CORP COM 863667101 731 14300 SH SOLE 14300
SUN MICROSYSTEMS COM 866810104 5640 60650 SH SOLE 60650
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
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>
SYSCO CORP COM 871829107 1320 37660 SH SOLE 37660
TEXACO INC COM 881694103 1985 31452 SH SOLE 31452
THERMO ELECTRON COM 883556102 1225 91136 SH SOLE 91136
TJX COMPANIES INC COM 872540109 1087 38719 SH SOLE 38719
TYCO INTERNATIONAL LTD COM 902124106 200 1938 SH SOLE 1938
UNITED TECHNOLOGIES COM 913017109 2004 33785 SH SOLE 33785
UNUMPROVIDENT CORPORATION COM 91529Y106 405 13750 SH SOLE 13750
USX-MARATHON GROUP COM 902905827 491 16800 SH SOLE 16800
UTILICORP COM 918005109 496 23570 SH SOLE 23570
VIRGINIA COMMERCE BANK COM 405 28044 SH SOLE 28044
VODAFONE GROUP PLC SPONSORED A COM 92857T107 474 1993 SH SOLE 1993
WALMART COM 931142103 503 10578 SH SOLE 10578
WARNER LAMBERT CO COM 934488107 815 12275 SH SOLE 12275
WASHINGTON MUTUAL INC COM 939322103 1678 57374 SH SOLE 57374
GOVT SECURITES INC FUND MF 383744521 4 10919 SH SOLE 10919
JANUS FD INC MF 471023101 785 19833 SH SOLE 19833
JANUS INVT FD WORLDWIDE FD MF 471023309 446 8148 SH SOLE 8148
NEW ENGLAND GROWTH FUND CLASS MF 644036204 111 10154 SH SOLE 10154
OAK VALUE FUND MF 900733106 470 20111 SH SOLE 20111
VANGUARD INDEX TR 500 PORT MF 922908108 1752 14776 SH SOLE 14776
</TABLE>
5
