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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended March 31 , 2000.
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(PLEASE READ INSTRUCTIONS BEFORE PREPARING FORM.)
If amended report, check here: / /
White Mountains Insurance Group, Ltd.
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Name of Institutional Investment Manager
80 South Main Street Hanover New Hampshire 03755-2053
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Business Address (Street) (City) (State) (Zip)
Michael S. Paquette (603) 640-2205 Senior Vice President and Controller
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(a).
The institutional investment manager submitting this Form and its
attachments are the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of Hanover and State of New Hampshire on the 11th day
of May , 2000. ------ -------------
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White Mountains Insurance Group, Ltd.
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(Name of Institutional Investment Manager)
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(Manual Signature of Person Duly Authorized
to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (LIST
IN ALPHABETICAL ORDER).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
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<CAPTION>
Name: 13F File No.: Name: 13F File No.:
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<S> <C> <C> <C>
1. Folksamerica Holding Company, Inc. 028-07388
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2. White Mountains Facilities, Ltd..
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3. White Mountains Services Corp. 028-04947
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WHITE MOUNTAINS INSURANCE GROUP, LTD.
FORM 13F FOR MARCH 31, 2000
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<CAPTION>
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Title CUSIP Fair Market Number of Investment Discretion
Name of Issuer of class Number Value Shares Sole Shared Other Managers *
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
ACE, Ltd. ORD G0070K103 4,368,416 190,969 x ** 3
Affiliated Computer Services CL A 008190100 226,256 6,800 x ** 1
AMBAC Financial Group, Inc. COM 023139108 390,406 7,750 x ** 1
America Online, Inc. COM 02364J104 950,250 14,000 x ** 1
American International Group, Inc. COM 026874107 3,148,125 28,750 x ** 1
Aon Corp. COM 037389103 480,525 14,900 x ** 1
Berkley, W.R. Corp COM 084423102 136,069 5,900 x ** 1
Berkshire Hathaway Inc. CL A 084670108 5,720,000 100 x 2
Berkshire Hathaway Inc. CL A 084670108 16,874,000 295 x ** 1
Berkshire Hathaway Inc. CL B 084670207 950,040 522 x ** 1
Berkshire Hathaway Inc. CL B 084670207 15,542,800 8,540 x ** 1
Bisys Group, Inc. COM 055472104 1,323,350 19,900 x ** 1
Bristol Myers Squibb Co. COM 110122108 2,215,875 38,000 x ** 1
Carnival Corp. COM 143658102 230,976 9,600 x ** 1
Cisco Systems, Inc. COM 17275R102 7,731,250 100,000 x ** 1
Citigroup Inc. COM 172967101 3,592,500 60,000 x ** 1
Coca Cola Co. COM 191216100 1,361,188 29,000 x ** 1
Concord EFS Inc. COM 206197105 183,500 8,000 x ** 1
Dell Computer COM 247025109 3,236,250 60,000 x ** 1
EMC Corporation COM 268648102 5,040,000 40,000 x ** 1
Federal National Mortgage Association COM 313586109 774,906 13,700 x ** 1
Financial Security Assurance Holdings, Ltd. COM 31769P100 509,899,769 6,943,316 x ** 3
Fidelity National Financial, Inc. COM 316326107 5,193,501 376,000 x ** 1
First Data Corp. COM 319963104 508,094 11,450 x ** 1
General Electric Co. COM 369604103 5,913,750 38,000 x ** 1
Gillette Company COM 375766102 3,957,188 105,000 x ** 1
Home Depot Inc. COM 437076102 3,670,050 56,900 x ** 1
IMS Health COM 449934108 348,400 20,200 x ** 1
Intel Corp. COM 458140100 1,319,375 10,000 x ** 1
Intuit Inc. COM 461202103 1,636,688 30,100 x ** 1
John Hancock Financials COM 41014S106 568,969 31,500 x ** 1
Johnson & Johnson COM 478160104 2,669,500 38,000 x ** 1
Lasalle Re Holdings Ltd. ORD G5383Q101 153,180 11,040 x ** 1
Lexmark International CL A 529771107 2,696,625 25,500 x ** 1
Loral Space & Communications Ltd COM G56462107 961,875 95,000 x ** 1
Lucent Technologies COM 549463107 2,824,875 46,500 x ** 1
Marsh & McLennan Cos., Inc. COM 571748102 761,156 6,900 x ** 1
MCI Worldcom, Inc. COM 55268B106 2,832,031 62,500 x ** 1
Microsoft Corp COM 594918104 2,868,750 27,000 x ** 1
Motorola COM 620076109 2,920,000 20,000 x ** 1
Nordstrom Inc. COM 655664100 1,475,000 50,000 x ** 1
Partner Re Ltd. COM G6852T105 456,475 12,400 x ** 1
Pfizer Inc. COM 717081103 2,193,750 60,000 x ** 1
PXRE Group, Ltd. COM G73018106 1,844,500 108,500 x 2
PXRE Group, Ltd. COM G73018106 4,115,700 242,100 x ** 4
PXRE Group, Ltd. COM G73018106 238,000 14,000 x ** 1
Qualcomm, Inc. COM 747525103 2,986,250 20,000 x ** 1
Reinsurance Group America Inc. COM 759351109 147,995 6,215 x ** 1
Schering-Plough Corp. COM 806605101 2,745,225 74,700 x ** 1
Torchmark Corp. COM 891027104 $272,875 11,800 x ** 1
Travelers Property and Casualty CL A 893939108 96,938 2,350 x ** 1
Waddell & Reed Financial Inc. CL A 930059100 1,074,738 25,400 x ** 1
Wal-Mart Stores, Inc. COM 931142103 2,983,200 52,800 x ** 1
Walt Disney Co. COM DISNEY 254687106 4,001,250 97,000 x ** 1
XL Capital Ltd. CL A G98255105 831,456 15,015 x ** 1
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$ 651,643,806
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</TABLE>
<TABLE>
<CAPTION>
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Voting Authority (Shares)
Name of Issuer Sole Shared
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<S> <C> <C>
ACE, Ltd. 190,969
Affiliated Computer Services 6,800
AMBAC Financial Group, Inc. 7,750
America Online, Inc. 14,000
American International Group, Inc. 28,750
Aon Corp. 14,900
Berkley, W.R. Corp 5,900
Berkshire Hathaway Inc. 100
Berkshire Hathaway Inc. 295
Berkshire Hathaway Inc. 522
Berkshire Hathaway Inc. 8,540
Bisys Group, Inc. 19,900
Bristol Myers Squibb Co. 38,000
Carnival Corp. 9,600
Cisco Systems, Inc. 100,000
Citigroup Inc. 60,000
Coca Cola Co. 29,000
Concord EFS Inc. 8,000
Dell Computer 60,000
EMC Corporation 40,000
Federal National Mortgage Association 13,700
Financial Security Assurance Holdings, Ltd. 6,943,316
Fidelity National Financial, Inc. 376,000
First Data Corp. 11,450
General Electric Co. 38,000
Gillette Company 105,000
Home Depot Inc. 56,900
IMS Health 20,200
Intel Corp. 10,000
Intuit Inc. 30,100
John Hancock Financials 31,500
Johnson & Johnson 38,000
Lasalle Re Holdings Ltd. 11,040
Lexmark International 25,500
Loral Space & Communications Ltd 95,000
Lucent Technologies 46,500
Marsh & McLennan Cos., Inc. 6,900
MCI Worldcom, Inc. 62,500
Microsoft Corp 27,000
Motorola 20,000
Nordstrom Inc. 50,000
Partner Re Ltd. 12,400
Pfizer Inc. 60,000
PXRE Group, Ltd. 108,500
PXRE Group, Ltd. 242,100
PXRE Group, Ltd. 14,000
Qualcomm, Inc. 20,000
Reinsurance Group America Inc. 6,215
Schering-Plough Corp. 74,700
Torchmark Corp. 11,800
Travelers Property and Casualty 2,350
Waddell & Reed Financial Inc. 25,400
Wal-Mart Stores, Inc. 52,800
Walt Disney Co. 97,000
XL Capital Ltd. 15,015
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* MANAGERS
1 = Folksamerica Holding Company, Inc. (FORM 13F filed separately)
2 = White Mountains Insurance Group, Ltd. (FORM 13F filed separately)
3 = White Mountains Services Corporation (FORM 13F filed separately)
4 = White Mountains Facilities, Ltd. (FORM 13F filed separately)
** Investment discretion shared with indirect wholly owned insurance
subsidiaries
