UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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: Pacific Financial Research
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 February 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: 37
Form 13F Information Table Value Total: $4612059
(thousands)
List of Other Included Managers:
NONE
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Form 13F INFORMATION TABLE
December 31, 1999
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>
Airgas, Inc. COM 009363102 55684 5861500 SH SOLE 5700700 189400
Apartment Investment & Managem COM 03748R101 61295 1539600 SH SOLE 1484900 63900
Archstone Communities Trust COM 039581103 101678 4959900 SH SOLE 4771800 214500
Armstrong World Industries, In COM 042476101 8574 256900 SH SOLE 249600 7300
AvalonBay Communities, Inc. COM 053484101 9581 276700 SH SOLE 267200 9500
Bear Stearns Companies, Inc. COM 073902108 127173 2974808 SH SOLE 2882730 110825
Columbia/HCA Healthcare Corpor COM 197677107 331931 11323875 SH SOLE 10864475 516400
Crane Co. COM 224399105 3317 166900 SH SOLE 166900
De Beers Consolidated Mines, L COM 240253302 213961 7393900 SH SOLE 7111400 325600
Equity Office Properties Trust COM 294741103 143047 5809000 SH SOLE 5575200 262700
Equity Residential Properties COM 29476L107 241150 5649200 SH SOLE 5427300 251100
Fannie Mae COM 313586109 569178 9115964 SH SOLE 8773764 386100
Freddie Mac COM 313400301 597612 12698272 SH SOLE 12185872 577200
General Growth Properties Inc COM 370021107 26779 956400 SH SOLE 929200 32500
Gillette Co. COM 375766102 581 14102 SH SOLE 14102
Golden West Financial Corp. COM 381317106 127176 3796300 SH SOLE 3645700 169500
Great Lakes Chemical Corp. COM 390568103 52225 1367600 SH SOLE 1296600 71000
Hillenbrand Industries Inc COM 431573104 41276 1302600 SH SOLE 1258800 48700
International Game Technology COM 459902102 131631 6480300 SH SOLE 6185200 317900
Johnson & Johnson COM 478160104 1697 18200 SH SOLE 18200
Lockheed Martin Corporation COM 539830109 132913 6076000 SH SOLE 5803500 306400
Mack Cali Realty Corp COM 554489104 60851 2334800 SH SOLE 2253300 95200
Manpower, Inc. COM 56418H100 221837 5896000 SH SOLE 5684400 236600
Mattel, Inc. COM 577081102 94677 7213475 SH SOLE 6854525 410650
Nike, Inc. Class B COM 654106103 996 20100 SH SOLE 20100
Old Republic International Cor COM 680223104 99835 7327338 SH SOLE 7005585 349353
PepsiCo, Inc. COM 713448108 4667 132400 SH SOLE 132400
Philip Morris Companies, Inc. COM 718154107 457716 19900699 SH SOLE 19089199 913900
R.R. Donnelley & Sons Co. COM 257867101 55024 2217600 SH SOLE 2127100 105100
Security Capital Group Inc/Cla COM 81413P105 17859 28805 SH SOLE 27890 1160
Security Capital Group Inc/Cla COM 81413P204 24961 1996900 SH SOLE 1935400 68700
Sigma Aldrich Corp. COM 826552101 74904 2491600 SH SOLE 2397100 100000
Smithkline Beecham PLC ADR COM 832378301 10901 170000 SH SOLE 170000
Stanley Works COM 854616109 142094 4716800 SH SOLE 4534800 203800
Tenet Healthcare Corp. COM 88033g100 174664 7432500 SH SOLE 7194400 281600
Toys ''R'' Us Inc. COM 892335100 1035 72300 SH SOLE 72300
UST Inc. COM 902911106 191579 7606100 SH SOLE 7273800 371300
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