UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Thornburg Management Company, Inc.
Address: Suite 202
119 East Marcy Street
Santa Fe NM 87501-2046
13F File Number: Z8-7812
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: Suzanne Romero
Title: Compliance Specialist
Phone: 505-954-5290
Signature, Place, and Date of Signing:
Suzanne Romero Santa Fe, New Mexico May 14, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
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List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITY EXCHANGE ACT OF 1934.
<PAGE>
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 81
Form 13F Information Table Value Total: $355,621
List of Other Included Managers:
None
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FORM 13F INFORMATION TABLE
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(X SHARES/PRN SH/PRN PUT INVSTMNT OTHER SOLE SHARED NONE
$1000) AMT /CALL DSCRETN MANAGERS
ADVENT SOFTWARE INC COM COM 007974108 7733 154650 SH SOLE 154650
ALSO HOLDING COM 401813902 209 390 SH SOLE 390
AMERICAN GEN FIN CORP COMMERCIAL PAPER 02635K005 999 1000000 PRN SOLE 1000000
AMERICAN HOME PRODUCTS CORP COM 026609107 8588 131610 SH SOLE 131610
ANHEUSER BUSCH INC COMMERCIAL PAPER 035231000 899 900000 PRN SOLE 900000
ANNALY MTG MGMT INC COM COM 035710409 3779 368800 SH SOLE 368800
ANNUITY AND LIFE RE HLDGS COM G03910109 361 15800 SH SOLE 15800
APCOA PARKING AG COM 432439909 317 4300 SH SOLE 4300
ATLANTIC RICHFIELD CO COM COM 048825103 15066 206380 SH SOLE 206380
AVIS RENT A CAR INC COM COM 053790101 7495 270690 SH SOLE 270690
BANC ONE CORP COM COM 06423A103 14556 264352 SH SOLE 264352
BANK AUSTRIA AKTIENG - SP ADR SPONSORED ADR 060593100 117 9870 SH SOLE 9870
BANKGESELL BERLIN COM 510785900 245 16500 SH SOLE 16500
BCA POP DI BRESCIA COM 407208008 309 10000 SH SOLE 10000
BELL ATLANTIC CORP COM COM 077853109 9111 176280 SH SOLE 176280
BILLITON COM 005665906 243 100000 SH SOLE 100000
BK AUSTRIA AG COM 499962009 8984 150790 SH SOLE 150790
BK ROZWOJU EKSPORT COM 414305904 239 12500 SH SOLE 12500
BROOKS AUTOMATION INC COM COM 11434A100 4480 200230 SH SOLE 200230
CENTRAL EUROPEAN EQUITY FD INC COM 153436100 286 23700 SH SOLE 23700
COMMERCIAL CREDIT CO COMMERCIAL PAPER 201615002 5192 5200000 PRN SOLE 5200000
DALLAS SEMICONDUCTOR CORP COM 235204104 5095 131920 SH SOLE 131920
DYCKERHOFF AG COM 429362007 3311 12254 SH SOLE 12254
E M C CORP MASS COM COM 268648102 6501 50890 SH SOLE 50890
EDINBURGH FD MGRS GP COM 030453005 144 22000 SH SOLE 22000
EL PASO ENERGY CP DEL COM COM 283905107 5621 171970 SH SOLE 171970
EXXON PROJ INVMT COMMERCIAL PAPER 3022X3009 1099 1100000 PRN SOLE 1100000
FEDERATED INVS INC PA CL B COM 314211103 2770 152300 SH SOLE 152300
FIRSTSPARTAN FINL CORP COM COM 337931109 789 26530 SH SOLE 26530
FORE SYSTEMS COM 345449102 3044 161000 SH SOLE 161000
FOX ENTMT GROUP INC CL A COM 35138T107 3713 136900 SH SOLE 136900
GENZYME CORP COM GENL DIV COM 372917104 10597 210110 SH SOLE 210110
GENZYME CORP COM-MOLECULAR COM 372917500 89 23624 SH SOLE 23624
GTE FUNDING INC YRS 1+2 COMMERCIAL PAPER 3623K0004 1399 1400000 SH SOLE 1400000
HENKEL KGAA COM 507670909 6073 82600 SH SOLE 82600
HENKEL KGAA - SPONS ADR SPONSORED ADR 42550U109 85 1330 SH SOLE 1330
HERO COM 441723905 306 600 SH SOLE 600
HEWLETT PACKARD CO COM COM 428236103 10878 160420 SH SOLE 160420
ING GROEP N V SPONSORED ADR SPONSORED ADR 456837103 76 1380 SH SOLE 1380
ING GROEP NV COM 505887901 7209 130600 SH SOLE 130600
INTEL CORP COM COM 458140100 9636 81060 SH SOLE 81060
INVESTMENT TECHNOLOGY GRP INC COM 461450108 3999 78800 SH SOLE 78800
JDN RLTY CORP COM COM 465917102 8669 436170 SH SOLE 436170
JEFFERIES GRP INC NEW COM COM 472318104 4848 102200 SH SOLE 102200
JULIUS BAER HLDG COM 411695000 9296 2860 SH SOLE 2860
KANSAS CITY SOUTHN INDS INC COM 485170104 11285 197980 SH SOLE 197980
LAM RESH CORP COM COM 512807108 3389 116850 SH SOLE 116850
LEARNING CO INC COM 522008101 8758 302000 SH SOLE 302000
MERCK KGAA COM 474184900 301 8700 SH SOLE 8700
MICHELIN(CGDE) COM 458836004 337 7500 SH SOLE 7500
NEW GERMANY FD INC COM COM 644465106 958 80260 SH SOLE 80260
NORTHERN TELECOM LTD COM COM 665815106 10017 161240 SH SOLE 161240
OCCIDENTAL PETE CP DEL COM COM 674599105 10039 557740 SH SOLE 557740
OCEAN FINL CORP COM COM 674904107 1300 90440 SH SOLE 90440
PEOPLESOFT INC COM COM 712713106 4895 334700 SH SOLE 334700
PEPSICO INC COM COM 713448108 8341 212850 SH SOLE 212850
PHARMACIA + UPJOHN INC COM 716941109 418 6700 SH SOLE 6700
PIER 1 IMPORTS INC COM 720279108 244 30000 SH SOLE 30000
PIMCO ADVISORS HLDG LP UT LTD P UNIT LTD PARTN 69338P102 9478 301490 SH SOLE 301490
PRICELINE COM INC COM 741503106 41 500 SH SOLE 500
ROLLS ROYCE COM 074776006 498 117500 SH SOLE 117500
ROYAL DUTCH PETE CO NY REG GLD1 SPONSORED ADR 780257804 15 290 SH SOLE 290
SCHWAB CHARLES CP NEW COM COM 808513105 18457 182830 SH SOLE 182830
SEAGATE TECHNOLOGY COM COM 811804103 6869 232350 SH SOLE 232350
SONY CORP COM 682150008 5104 55200 SH SOLE 55200
SONY CORP ADR NEW SPONSORED ADR 835699307 5390 59030 SH SOLE 59030
SUN COMMUNITIES INC COM COM 866674104 8359 263260 SH SOLE 263260
SUN MICROSYSTEMS INC COM COM 866810104 8879 71000 SH SOLE 71000
SWEDISH MATCH COM 504856907 456 130000 SH SOLE 130000
SWISSLOG HOLDING COM 531071900 285 2500 SH SOLE 2500
TELECOM CP NEW ZEALAND SPONSORE SPONSORED ADR 879278208 6957 178380 SH SOLE 178380
TELESP CELULAR SA COM 224693903 179 7500000 SH SOLE 7500000
TESCO COM 088470000 318 120000 SH SOLE 120000
U S WEST INC NEW COM 91273H101 8376 152120 SH SOLE 152120
UNION PAC CORP COM COM 907818108 10904 204060 SH SOLE 204060
UNIONBANCAL CORP COM COM 908906100 9467 277940 SH SOLE 277940
UNITED PAN EUROPE COM 911300200 77 2000 SH SOLE 2000
UPM KYMMENE OY COM 505125906 335 12100 SH SOLE 12100
VARTA AG COM 492700000 255 1880 SH SOLE 1880
WEBS INDEX FD INC COM 92923H889 173 15000 SH SOLE 15000
WORONOCO BANCORP INC COM 981630106 11 1125 SH SOLE 1125
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