UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Pacific Financial Research, Inc.
Address: 9601 Wilshire Blvd., Suite 800
Beverly Hills, CA 90210
Form 13F File Number: 28-2004
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: Jim Gipson
Title: President
Phone: 310-247-3939
Signature, Place, and Date of Signing:
/s/
Jim Gipson Beverly Hills, CA May 9, 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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total: $4191972
(thousands)
List of Other Included Managers:
NONE
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Pacific Financial Research
FORM 13F
March 31, 2000
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> <S> <C> <C> <C>
Airgas, Inc. COM 009363102 47012 5655600 SH Sole 5494800 189400
Apartment Investment & Managem COM 03748R101 56078 1468500 SH Sole 1409800 67900
Archstone Communities Trust COM 039581103 93575 4693400 SH Sole 4490000 229800
Armstrong World Industries, In COM 042476101 38022 2127100 SH Sole 2037900 103200
Bear Stearns Companies, Inc. COM 073902108 2415 52940 SH Sole 52940
Columbia/HCA Healthcare Corpor COM 197677107 194359 7678375 SH Sole 7327775 389100
Crane Co. COM 224399105 2837 120400 SH Sole 120400
De Beers Consolidated Mines, L COM 240253302 156009 6801500 SH Sole 6496900 347700
Equity Office Properties Trust COM 294741103 143393 5707200 SH Sole 5455200 280900
Equity Residential Properties COM 29476L107 212708 5292900 SH Sole 5053300 268800
Fannie Mae COM 313586109 489117 8647364 SH Sole 8277664 413600
Freddie Mac COM 313400301 580578 13138972 SH Sole 12566272 652300
General Growth Properties, Inc COM 370021107 26986 886600 SH Sole 858000 33900
Gillette Co. COM 375766102 531 14102 SH Sole 14102
Golden West Financial Corporat COM 381317106 119196 3821900 SH Sole 3654400 189400
Great Lakes Chemical Corporati COM 390568103 44720 1315300 SH Sole 1237500 77800
Hillenbrand Industries, Inc. COM 431573104 39290 1155600 SH Sole 1108600 51900
International Game Technology COM 459902102 127874 5896200 SH Sole 5577600 341400
Johnson & Johnson COM 478160104 1279 18200 SH Sole 18200
Litton Industries, Inc. COM 538021106 94658 2142200 SH Sole 2062100 90100
Lockheed Martin Corporation COM 539830109 119570 5850500 SH Sole 5556100 328300
Mack-Cali Realty Corporation COM 554489104 58976 2312800 SH Sole 2225300 101200
Manpower Inc. COM 56418H100 192186 5413700 SH Sole 5185800 252900
Mattel, Inc. COM 577081102 400 38125 SH Sole 38125
Nike, Inc. Class B COM 654106103 30170 761400 SH Sole 729500 31900
Old Republic International Cor COM 680223104 115862 8426331 SH Sole 8043078 425653
PepsiCo, Inc. COM 713448108 2874 82400 SH Sole 82400
Philip Morris Companies Inc. COM 718154107 423187 20032519 SH Sole 19138919 1011300
R.R. Donnelley & Sons Company COM 257867101 124182 5931100 SH Sole 5685500 274900
Sara Lee Corporation COM 803111103 143131 7951700 SH Sole 7650000 354600
Security Capital Group Inc./Cl COM 81413P105 18348 26400 SH Sole 25485 1160
Security Capital Group Inc./Cl COM 81413P204 28022 1940900 SH Sole 1874500 73600
Sigma-Aldrich Corporation COM 826552101 60238 2241400 SH Sole 2139900 107000
Smithkline Beecham PLC ADR COM 832378301 4202 63600 SH Sole 63600
Tenet Healthcare Corporation COM 88033g100 159734 6870300 SH Sole 6613700 300100
The Allstate Corporation COM 020002101 8156 342500 SH Sole 329500 13000
The Stanley Works COM 854616109 109483 4151000 SH Sole 3954200 218600
Toys ''R'' Us Inc. COM 892335100 1071 72300 SH Sole 72300
UST Inc. COM 902911106 121542 7778700 SH Sole 7410100 415200
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