UNITED STATES
SEURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 29549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Institutional Investment Manager Filing this Report:
Cambiar Investors, Inc.
8400 E. Prentice Avenue
Suite 460
Englewood, CO 80111
13F File Number: 28-1398
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: Terrell J. Butz
Title: Executive Vice President
Phone: (303) 793-3939
Signature, Place and Date of Signing:
Terrell J. Butz Englewood, CO 80111 August 3, 1999
Report Type: 13F Holdings Report
List of other managers reporting for this manager: none
<TABLE>
FORM 13F INFORMATION TABLE
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>
3 COM CORPORATION COM 885535104 30392 1138800 SH SOLE 1138800
ABBOTT LABORATORIES COM 002824100 27142 598165 SH SOLE 598165
ADOBE SYSTEMS, INC. COM 00724f101 12833 156200 SH SOLE 156200
ALLSTATE CORP COM 020002101 40947 1141383 SH SOLE 1141383
ALSTOM ADR COM 021244108 10880 340000 SH SOLE 340000
AMBAC FINANCIAL GROUP COM 023139108 16965 296975 SH SOLE 296975
AMERICAN GREETINGS COM 026375105 5422 180000 SH SOLE 180000
AMERICAN INT'L GROUP COM 026874107 46464 396282 SH SOLE 396282
AMERITECH CORP COM 030954101 2411 32800 SH SOLE 32800
ANHEUSER-BUSCH COM 035229103 18884 266200 SH SOLE 266200
ARGENTARIA CORP. ADR COM 04011w108 7841 170450 SH SOLE 170450
ARROW INT'L COM 042764100 3071 118700 SH SOLE 118700
ASIA PULP & PAPER ADR COM 04516V100 4635 481600 SH SOLE 481600
ASSOCIATES FIRST CAPITAL CORP. COM 046008108 3238 73380 SH SOLE 73380
ASTRAZENECA ADR COM 046353108 9426 240524 SH SOLE 240524
ATLANTIC RICHFIELD CO. COM 048825103 2239 26800 SH SOLE 26800
AUDI AG COM 050700100 217 300 SH SOLE 300
AVON PRODUCTS INC. COM 054303102 6660 120000 SH SOLE 120000
BANCO LATINO AMERICANO COM p16994132 626 23400 SH SOLE 23400
BANDAG, INC. COM 059815100 4527 130500 SH SOLE 130500
BANK AUSTRIA ORDINARY COM 066300100 263 5000 SH SOLE 5000
BANK OF AMERICA COM 060505104 20546 280250 SH SOLE 280250
BANK ONE CORP. COM 06423a103 51225 860013 SH SOLE 860013
BAXTER INT'L COM 071813109 24624 406173 SH SOLE 406173
BORDERS GROUP, INC. COM 099709107 22047 1394250 SH SOLE 1394250
BRANDYWINE REALTY TRUST COM 105368203 376 19000 SH SOLE 19000
BRINKER INT'L COM 109641100 12194 443420 SH SOLE 443420
BUDGET GROUP COM 119003101 126 10200 SH SOLE 10200
BUSH INDUSTRIES COM 123164105 233 14000 SH SOLE 14000
CANADIAN IMPERIAL BANK OF COMM COM 136069101 9734 405600 SH SOLE 405600
CBL & ASSOC. COM 124830100 554 21000 SH SOLE 21000
CBS CORP. COM 12490k107 39756 912625 SH SOLE 912625
CHANCELLOR MEDIA CORP. COM 158915108 4608 83600 SH SOLE 83600
CITIGROUP, INC. COM 172967101 15390 324000 SH SOLE 324000
CKE RESTAURANTS COM 12561e105 20968 1290325 SH SOLE 1290325
COMPUTER ASSOCIATES COM 204912109 360 6575 SH SOLE 6575
COMSAT COM 20564D107 40661 1251116 SH SOLE 1251116
CORDANT TECHNOLOGIES COM 218412104 20357 450500 SH SOLE 450500
CROWN CORK & SEAL COM 228255105 11611 407400 SH SOLE 407400
CURAGEN CORP. COM 23126r101 375 46900 SH SOLE 46900
DAISYTEK INT'L COM 234053106 1271 77900 SH SOLE 77900
DARDEN RESTAURANTS COM 237194105 20171 924750 SH SOLE 924750
DEBEERS ADR COM 240253302 38189 1599525 SH SOLE 1599525
DENTSPLY, INTL. COM 249030107 14449 500400 SH SOLE 500400
DUPONT DE NEMOURS & CO. COM 263534109 11149 163200 SH SOLE 163200
EASTMAN KODAK COM 277461109 12114 178800 SH SOLE 178800
ELAN CORP. ADR COM 284131208 36420 1312425 SH SOLE 1312425
ELECTRONIC DATA SYSTEMS COM 285661104 45988 812150 SH SOLE 812150
ELF ACQUITAINE ADR COM 286269105 8908 121088 SH SOLE 121088
ELKJOP COM 284100200 460 34500 SH SOLE 34500
EQUIFAX COM 294429105 25216 706575 SH SOLE 706575
EVEREST REINSURANCE HOLDINGS COM 299808105 15666 480175 SH SOLE 480175
FANNIE MAE COM 313586109 47606 697520 SH SOLE 697520
FEDERATED DEPT STORES, INC. COM 31410H101 17893 338000 SH SOLE 338000
FINLAY ENTERPRISES COM 317884203 927 69300 SH SOLE 69300
FIRST DATA CORP COM 319963104 91665 1873105 SH SOLE 1873105
FIRST HEALTH GROUP COM 320960107 2587 120000 SH SOLE 120000
FIRST UNION CORP. COM 337358105 7959 168900 SH SOLE 168900
FORD MOTOR CO DEL COM 345370100 3104 55000 SH SOLE 55000
FORT JAMES CORP. COM 347471104 3030 80000 SH SOLE 80000
FORTUNE BRANDS COM 349631101 9098 219900 SH SOLE 219900
FOUR SEASONS HOTELS, LTD. COM 35100E104 546 12400 SH SOLE 12400
GEHE COM 368400500 231 5000 SH SOLE 5000
GENZYME CORP. COM 372917104 32952 679416 SH SOLE 679416
GENZYME SURGICAL PRODUCTS COM 372917609 49 11065 SH SOLE 11065
GEOPHYSIQUE GEN. CO. ADR COM 204386106 220 20500 SH SOLE 20500
H & R BLOCK INC. COM 093671105 1500 30000 SH SOLE 30000
HANNOVER RUCKVERSICHERUNGS ORD COM 412200100 295 3700 SH SOLE 3700
HARLEY DAVIDSON, INC. COM 412822108 8113 149200 SH SOLE 149200
HARRAH'S ENTERTAINMENT COM 413619107 375 17000 SH SOLE 17000
HCC HOLDINGS COM 404132102 3365 148300 SH SOLE 148300
HEARST-ARGYLE TELEVISION, INC. COM 422317107 983 40960 SH SOLE 40960
HEILIG MEYERS CO. COM 422893107 354 52000 SH SOLE 52000
HILLENBRAND INDUSTRIES COM 431573104 2323 53700 SH SOLE 53700
HOWMET CORP. COM 443208103 7368 428700 SH SOLE 428700
HYPOVEREINSBANK COM 449155100 350 5500 SH SOLE 5500
IBM COM 459200101 527 4080 SH SOLE 4080
IMS HEALTH, INC. COM 449934108 1250 40000 SH SOLE 40000
INDEPENDENT NEWSPAPERS/GB COM 450500100 144 30553 SH SOLE 30553
INDEPENDENT NEWSPAPERS/IRISH COM 450500101 203 42366 SH SOLE 42366
INFINITY BROADCASTING COM 45662s102 9640 326100 SH SOLE 326100
ING ADR COM 456837103 16377 297771 SH SOLE 297771
INTIMATE BRANDS COM 461156101 12046 254265 SH SOLE 254265
IRG TECHNOLOGIES COM 450040100 2 25100 SH SOLE 25100
J.D. EDWARDS & CO. COM 281667105 33077 1787950 SH SOLE 1787950
JOURNAL REGISTER CO. COM 481138105 20221 898700 SH SOLE 898700
KIRBY CORP. COM 497266106 729 34400 SH SOLE 34400
KONINKLIJKE PHILIPS ELECTRONIC COM 500472204 62057 615183 SH SOLE 615183
KOREA TELECOM CORP. COM 50063P103 597 14916 SH SOLE 14916
KROGER COMPANY COM 501044101 4470 160000 SH SOLE 160000
LANCASTER COLONY CORP. COM 513847103 1242 36000 SH SOLE 36000
LAND'S END COM 515086106 8460 175800 SH SOLE 175800
LEAR CORP. COM 521865105 25706 516710 SH SOLE 516710
LEGGETT & PLATT, INC. COM 524660107 1168 42000 SH SOLE 42000
LOCKHEED MARTIN CORP COM 539998301 1710 45900 SH SOLE 45900
MALLINCKRODT, INC. COM 561232109 22222 610925 SH SOLE 610925
MANPOWER INC. COM 56418h100 29782 1316325 SH SOLE 1316325
MARTIN MARIETTA MATERIALS, INC COM 573284106 5779 97950 SH SOLE 97950
MASCO CORP. COM 574599106 9861 341500 SH SOLE 341500
MBIA, INC. COM 55262C100 27433 423675 SH SOLE 423675
MBNA CORP. COM 55262L100 6445 210450 SH SOLE 210450
MCDERMOTT INT'L COM 580037109 2729 96600 SH SOLE 96600
MCGRAW-HILL COMPANIES, INC. COM 580645109 9709 180000 SH SOLE 180000
MERITA COM 589300100 341 60000 SH SOLE 60000
METRIKA SYSTEMS CORP. COM 59159m106 122 14000 SH SOLE 14000
MILLIPORE COM 601073109 5912 145750 SH SOLE 145750
MINERAL TECHNOLOGIES COM 603158106 40780 730665 SH SOLE 730665
MONTE PASCHI DE SIENA COM t81792110 1414 320000 SH SOLE 320000
NEIMAN-MARCUS GROUP COM 640204103 17685 688450 SH SOLE 688450
NEW YORK TIMES CO CL A COM 650111107 14513 394250 SH SOLE 394250
NEWBRIDGE NETWORKS CORP. COM 650901101 1610 56000 SH SOLE 56000
NIPPON TELEGRAPH & TELECOM COM 670099001 396 34 SH SOLE 34
NOVARTIS COM 66987v109 3329 45600 SH SOLE 45600
NOVELL, INC. COM 670006105 118381 4467198 SH SOLE 4467198
NOVO NORDISK ADR COM 670100205 20339 380176 SH SOLE 380176
NTT MOBILE COM NETWORK COM 670099000 542 40 SH SOLE 40
OCE N.V. ADR COM 674627203 216 8500 SH SOLE 8500
OFFICE DEPOT COM 676220106 77493 3512453 SH SOLE 3512453
OFFICEMAX, INC. COM 67622m108 4200 350000 SH SOLE 350000
ORACLE SYSTEMS COM 68389X105 80689 2173440 SH SOLE 2173440
OWENS CORNING COM 69073F103 19872 578100 SH SOLE 578100
OWENS ILLINOIS COM 690768403 63418 1940140 SH SOLE 1940140
PACIFIC CENTURY FINANCIAL COM 694058108 13803 640125 SH SOLE 640125
PETSMART COM 716768106 805 78500 SH SOLE 78500
PHILIP MORRIS COMPANIES, INC. COM 718154107 34884 868025 SH SOLE 868025
PILLOWTEX CORP. COM 721501104 480 29400 SH SOLE 29400
PIRELLI SPA COM 723100200 218 80000 SH SOLE 80000
PITTSTON BRINK'S GROUP COM 725701106 490 18300 SH SOLE 18300
PROGRESSIVE CORP. COM 743315103 5075 35000 SH SOLE 35000
PULITZER PUBLISHING CO. COM 178771105 1214 25000 SH SOLE 25000
RAISIO GROUP PLC COM 750100200 325 35000 SH SOLE 35000
RAYCHEM CORP. COM 754603108 7740 209200 SH SOLE 209200
RED ROOF INNS, INC. COM 757005103 486 27100 SH SOLE 27100
RYDER SYSTEMS, INC. COM 783549108 11329 439950 SH SOLE 439950
SAI AUTOMOTIVE COM 786600100 125 15000 SH SOLE 15000
SCHLUMBERGER COM 806857108 25349 398029 SH SOLE 398029
SEARS ROEBUCK COM 812387108 4817 108100 SH SOLE 108100
SENSORMATIC ELECTRONICS COM 817265101 4878 350000 SH SOLE 350000
SHOLODGE, INC. COM 825034101 259 51097 SH SOLE 51097
SIEMENS AG COM 826300200 625 8100 SH SOLE 8100
SLM HOLDING CORP. COM 78442a109 14042 306500 SH SOLE 306500
SOFTWARE AG COM 5531141 478 15000 SH SOLE 15000
SOUTHDOWN, INC. COM 841297104 2769 43100 SH SOLE 43100
ST. JUDE MEDICAL, INC. COM 790849103 6917 194150 SH SOLE 194150
STEWART ENTERPRISES COM 860370105 23177 1591550 SH SOLE 1591550
STUDENT LOAN CORP. COM 863902102 5734 128850 SH SOLE 128850
SUN MICROSYSTEMS COM 866810104 13604 197520 SH SOLE 197520
SURMODICS, INCS. COM 868873100 409 25000 SH SOLE 25000
SYMANTEC COM 871503108 13487 528900 SH SOLE 528900
TAG HEUER INT'L ADR COM 873773105 303 29200 SH SOLE 29200
TECHNE CORP COM 878377100 206 8100 SH SOLE 8100
TELECLONE INC. COM 879200300 300 25000 SH SOLE 25000
TELECOM ITALIA COM 883200100 732 135000 SH SOLE 135000
TELEMIG CELLULAR PFD COM 883001003 13 1550000 SH SOLE 1550000
THE LIMITED, INC. COM 532716107 60348 1329980 SH SOLE 1329980
THERMO OPTEK CORP. COM 883582108 146 14100 SH SOLE 14100
TOMKINS PLC ADR COM 890030208 10665 584400 SH SOLE 584400
TOTAL FINA SA COM 89151E109 4145 64331 SH SOLE 64331
TRANSATLANTIC HOLDING, INC. COM 893521104 1439 19199 SH SOLE 19199
TRANSOCEAN OFFSHORE COM g90076103 4960 188950 SH SOLE 188950
TRINITY INDUSTRIES, INC. COM 896522109 21542 643055 SH SOLE 643055
UNIFIRST CORP. COM 904708104 200 10900 SH SOLE 10900
VOLKSWAGEN ADR COM 928662303 12438 963800 SH SOLE 963800
WADDELL & REED FIN'L COM 930059100 664 24100 SH SOLE 24100
WALLACE COMPUTER COM 932270101 33467 1338678 SH SOLE 1338678
WARNACO GROUP COM 934390105 18712 699525 SH SOLE 699525
WATERFORD WEDGWOOD COM 939100200 129 125000 SH SOLE 125000
WOLTERS KLUWER ADR COM 977874205 4498 112990 SH SOLE 112990
WYMAN GORDON CO COM 983085101 409 21200 SH SOLE 21200
XEROX CORP. COM 984121103 41703 706076 SH SOLE 706076
PORSCHE PFD 729777000 583 250 SH SOLE 250
SAP AG PFD 802000002 2621 6600 SH SOLE 6600
VOLKSWAGEN AG PFD 928700800 263 7000 SH SOLE 7000
</TABLE>
