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, 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: KLINGENSTEIN, FIELDS & CO., L.L.C.
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Address: 787 SEVENTH AVENUE, NEW YORK, NY 10019-6016
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13F File Number: 28-2588
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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: JONATHAN ROBERTS Title: SENIOR VICE PRESIDENT Phone: (212) 492-6177
----------------- ---------------------- -----------------
Signature, Place, and Date of Signing:
/s/ Jonathan Roberts
- ------------------------------
JONATHAN ROBERTS
NEW YORK, NY
MAY 3, 1999
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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KLINGENSTEIN, FIELDS & CO., L.L.C.
FORM 13F SUMMARY PAGE
AS OF DATE: 03/31/99
RUN DATE: 04/29/99 1:44 P.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
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FORM 13F INFORMATION TABLE ENTRY TOTAL: 174
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FORM 13F INFORMATION TABLE VALUE TOTAL: $2,099,860
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(thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
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<TABLE>
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PORTVUE-SEC13F.LNP KLINGENSTEIN, FIELDS & CO., L.L.C. PAGE 1
RUN DATE: 04/29/99 1:43 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
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>
ABBOTT LABS COM COM 002824100 1393 29760 SH DEFINED 0 0 29760
AES CORP COM COM 00130H105 689 18500 SH DEFINED 0 0 18500
AIRBORNE FGHT CORP COM COM 009266107 446 14400 SH DEFINED 0 0 14400
AIRTOUCH COMMUNICATIONS INC CO COM 00949T100 40911 423402 SH DEFINED 0 0 423402
ALLEGHENY ENERGY INC COM COM 017361106 212 7200 SH DEFINED 0 0 7200
ALLIED CAP CORP NEW COM MUTUAL FUNDS 01903Q108 431 23456 SH DEFINED 0 0 23456
ALLIED WASTE INDS INC COM NEW COM 019589308 289 20000 SH DEFINED 0 0 20000
ALLSTATE CORP COM COM 020002101 25086 676865 SH DEFINED 0 0 676865
AMAZON COM INC COM 023135106 224 1300 SH DEFINED 0 0 1300
AMERADA HESS CORP COM COM 023551104 15428 303260 SH DEFINED 0 0 303260
AMERICAN EXPRESS CO COM COM 025816109 45676 387906 SH DEFINED 0 0 387906
AMERICAN HOME PRODS CORP COM COM 026609107 2386 36560 SH DEFINED 0 0 36560
AMERICAN INTL GROUP INC COM COM 026874107 297481 2466161 SH DEFINED 0 0 2466161
AMERICAN TOWER CORP CL A COM 029912201 3212 131108 SH DEFINED 0 0 131108
AMERITECH CORP NEW COM COM 030954101 439 7624 SH DEFINED 0 0 7624
AMGEN INC COM COM 031162100 869 11600 SH DEFINED 0 0 11600
ANHEUSER BUSCH COS INC COM COM 035229103 667 8757 SH DEFINED 0 0 8757
ATLANTIC RICHFIELD CO COM COM 048825103 2399 32806 SH DEFINED 0 0 32806
AT&T CORP COM COM 001957109 95578 1796289 SH DEFINED 0 0 1796289
AT&T CORP LIBERTY MEDIA CL A COM 001957208 45761 870077 SH DEFINED 0 0 870077
AVON PRODS INC COM COM 054303102 739 15700 SH DEFINED 0 0 15700
BANK NEW YORK INC COM COM 064057102 4439 123524 SH DEFINED 0 0 123524
BANKAMERICA CORP NEW COM 06605F102 68536 970421 SH DEFINED 0 0 970421
BANTA CORP COM COM 066821109 10634 559672 SH DEFINED 0 0 559672
BE AEROSPACE INC COM COM 073302101 1130 76600 SH DEFINED 0 0 76600
BECTON DICKINSON & CO COM COM 075887109 352 9200 SH DEFINED 0 0 9200
BED BATH & BEYOND INC COM COM 075896100 442 12100 SH DEFINED 0 0 12100
BELL ATLANTIC CORP COM COM 077853109 359 6942 SH DEFINED 0 0 6942
BELLSOUTH CORP COM COM 079860102 1093 27277 SH DEFINED 0 0 27277
BERKSHIRE HATHAWAY INC DEL CL COM 084670207 87032 37019 SH DEFINED 0 0 37019
BHC COMMUNICATIONS INC COM CL COM 055448104 8040 65500 SH DEFINED 0 0 65500
BOSTON SCIENTIFIC CORP COM COM 101137107 512 12600 SH DEFINED 0 0 12600
BP AMOCO ADS COM 055622104 15643 154877 SH DEFINED 0 0 154877
BRISTOL MYERS SQUIBB CO COM COM 110122108 2855 44530 SH DEFINED 0 0 44530
BRITISH TELECOMMUNICATNS PLCAD COM 111021408 274 1666 SH DEFINED 0 0 1666
BURLINGTON RES INC COM COM 122014103 786 19673 SH DEFINED 0 0 19673
CATERPILLAR INC. COM 149123101 386 8400 SH DEFINED 0 0 8400
CENTRAL & SOUTH WEST CORP COM COM 152357109 680 29000 SH DEFINED 0 0 29000
CHEVRON CORP COM COM 166751107 334 3760 SH DEFINED 0 0 3760
CHRIS CRAFT INDS INC COM COM 170520100 2823 61880 SH DEFINED 0 0 61880
CHRIS CRAFT INDS INC COM CL B COM 170520506 5649 123806 SH DEFINED 0 0 123806
CHUBB CORP COM COM 171232101 3695 63100 SH DEFINED 0 0 63100
CINTAS CORP COM COM 172908105 262 4000 SH DEFINED 0 0 4000
CISCO SYS INC COM COM 17275R102 651 5940 SH DEFINED 0 0 5940
CITIGROUP INC. COM 172967101 3949 61824 SH DEFINED 0 0 61824
COCA COLA CO COM COM 191216100 2006 32680 SH DEFINED 0 0 32680
COLGATE PALMOLIVE CO COM COM 194162103 5431 59028 SH DEFINED 0 0 59028
COMCAST CORP COM CL A COM 200300101 43059 700145 SH DEFINED 0 0 700145
<PAGE>
PORTVUE-SEC13F.LNP KLINGENSTEIN, FIELDS & CO., L.L.C. PAGE 2
RUN DATE: 04/29/99 1:43 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
COMPAQ COMPUTER CORP COM COM 204493100 285 9000 SH DEFINED 0 0 9000
COMPUTER ASSOC INTL INC COM COM 204912109 629 17700 SH DEFINED 0 0 17700
CONSECO INC COM COM 208464107 396 12825 SH DEFINED 0 0 12825
COX COMMUNICATIONS INC NEW COM COM 224044107 646 8545 SH DEFINED 0 0 8545
DELTA $ PINE LD CO COM COM 247357106 984 31998 SH DEFINED 0 0 31998
DIEBOLD INC COM COM 253651103 360 15000 SH DEFINED 0 0 15000
DISNEY WALT CO COM COM 254687106 127377 4092420 SH DEFINED 0 0 4092420
DOLLAR GEN CORP COM COM 256669102 435 12800 SH DEFINED 0 0 12800
DONNELLEY R R & SONS CO COM COM 257867101 21484 667453 SH DEFINED 0 0 667453
DU PONT E I DE NEMOURS & CO CO COM 263534109 1450 24966 SH DEFINED 0 0 24966
EMERSON ELEC CO COM COM 291011104 598 11300 SH DEFINED 0 0 11300
ENRON CORP COM COM 293561106 321 5000 SH DEFINED 0 0 5000
ERICSSON L M TEL CO ADR AMERN FOREIGN COMMON S 294821509 128 20000 SH DEFINED 0 0 20000
EXXON CORP COM COM 302290101 4227 59906 SH DEFINED 0 0 59906
FACTORY 2-U INC RESTRICTED COM COM 303072R12 2015 173330 SH DEFINED 0 0 173330
FACTORY 2-U STORES, INC COM 303072102 940 80882 SH DEFINED 0 0 80882
FEDERAL NATL MTG ASSN COM COM 313586109 244 3520 SH DEFINED 0 0 3520
FEDERATED DEPT STORES INC DEL COM 31410H101 482 12000 SH DEFINED 0 0 12000
FIRST UN CORP COM COM 337358105 693 12960 SH DEFINED 0 0 12960
FIRSTAR CORP NEW WIS COM COM 33763V109 397 13320 SH DEFINED 0 0 13320
FLEET FINL GROUP INC NEW COM COM 338915101 213 5652 SH DEFINED 0 0 5652
FRANKLIN RES INC COM COM 354613101 233 8300 SH DEFINED 0 0 8300
GANNETT INC COM COM 364730101 35169 558240 SH DEFINED 0 0 558240
GAP INC COM COM 364760108 757 11250 SH DEFINED 0 0 11250
GARDEN RIDGE CORP COM COM 36541P104 4139 607584 SH DEFINED 0 0 607584
GENERAL ELEC CO COM COM 369604103 135561 1225410 SH DEFINED 0 0 1225410
GILLETTE CO COM COM 375766102 294 4940 SH DEFINED 0 0 4940
GLAXO WELLCOME PLC SPONSORED A FOREIGN COMMON S 37733W105 101376 1514481 SH DEFINED 0 0 1514481
GTE CORP COM COM 362320103 401 6631 SH DEFINED 0 0 6631
HARTFORD FINL SVCS GROUP INC C COM 416515104 40284 709067 SH DEFINED 0 0 709067
HEARTPORT INC COM COM 421969106 55 11500 SH DEFINED 0 0 11500
HERCULES INC COM COM 427056106 303 12000 SH DEFINED 0 0 12000
HOME DEPOT INC COM COM 437076102 213 3424 SH DEFINED 0 0 3424
HONEYWELL INC. COM 438506107 379 5000 SH DEFINED 0 0 5000
HSB GROUP INC COM COM 40428N109 510 13750 SH DEFINED 0 0 13750
INCO LTD COM SEDOL# 2460389 COM 453258402 266 20000 SH DEFINED 0 0 20000
INTEL CORP COM COM 458140100 712 11980 SH DEFINED 0 0 11980
INTERNATIONAL BUSINESS MACHS C COM 459200101 3109 17540 SH DEFINED 0 0 17540
INTERNATIONAL PAPER CO COM COM 460146103 11165 264640 SH DEFINED 0 0 264640
JOHNSON & JOHNSON COM COM 478160104 41671 445684 SH DEFINED 0 0 445684
KANSAS CITY SOUTHN INDS INC CO COM 485170104 17066 299400 SH DEFINED 0 0 299400
KIMBERLY CLARK CORP COM COM 494368103 949 19800 SH DEFINED 0 0 19800
KNIGHT RIDDER INC COM COM 499040103 350 7000 SH DEFINED 0 0 7000
KROLL O GARA CO COM COM 501050108 561 20665 SH DEFINED 0 0 20665
LILLY ELI & CO COM COM 532457108 96901 1141696 SH DEFINED 0 0 1141696
LINCOLN NATL CORP IND COM COM 534187109 396 4000 SH DEFINED 0 0 4000
<PAGE>
PORTVUE-SEC13F.LNP KLINGENSTEIN, FIELDS & CO., L.L.C. PAGE 3
RUN DATE: 04/29/99 1:43 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
LUCENT TECHNOLOGIES INC COM COM 549463107 394 7292 SH DEFINED 0 0 7292
MAGAININ PHARMACEUTICALS INC C COM 559036108 212 135500 SH DEFINED 0 0 135500
MATTEL INC. COM 577081102 207 8300 SH DEFINED 0 0 8300
MBNA CORP COM COM 55262L100 439 18389 SH DEFINED 0 0 18389
MCDONALDS CORP COM COM 580135101 2112 46600 SH DEFINED 0 0 46600
MCI WORLDCOM COM 55268B106 1909 21555 SH DEFINED 0 0 21555
MCKESSON HBOC INC COM COM 58155Q103 381 5775 SH DEFINED 0 0 5775
MEDIAONE GROUP INC COM COM 58440J104 18347 289216 SH DEFINED 0 0 289216
MELLON BK CORP COM COM 585509102 693 9846 SH DEFINED 0 0 9846
MERCK & CO INC COM COM 589331107 126896 1583722 SH DEFINED 0 0 1583722
MERRILL LYNCH & CO INC COM COM 590188108 562 6350 SH DEFINED 0 0 6350
METROMEDIA FIBER NETWORK INC C COM 591689104 290 5600 SH DEFINED 0 0 5600
MICROSOFT CORP COM COM 594918104 1643 18330 SH DEFINED 0 0 18330
MINNESOTA MNG & MFG CO COM COM 604059105 5121 72378 SH DEFINED 0 0 72378
MOBIL CORP COM COM 607059102 1670 18980 SH DEFINED 0 0 18980
MORGAN STANLEY DEAN WITTER & C COM 617446448 817 8172 SH DEFINED 0 0 8172
MORTON INDL GROUP INC CL A NEW COM 619328107 419 47200 SH DEFINED 0 0 47200
MOTOROLA INC COM COM 620076109 571 7800 SH DEFINED 0 0 7800
NCT GROUP INC COM COM 62888Q109 11 30000 SH DEFINED 0 0 30000
NEW YORK TIMES CO COM CL A COM 650111107 294 10300 SH DEFINED 0 0 10300
NEWMONT MINING CORP. COM 651639106 12551 717200 SH DEFINED 0 0 717200
NEXTEL COMMUNICATIONS INC COM COM 65332V103 16666 455050 SH DEFINED 0 0 455050
NOKIA CORP SPONSORED ADR FOREIGN COMMON S 654902204 249 3200 SH DEFINED 0 0 3200
NORFOLK SOUTHN CORP COM COM 655844108 2619 99300 SH DEFINED 0 0 99300
NORTHERN TR CORP COM COM 665859104 1812 20400 SH DEFINED 0 0 20400
OCEAN ENERGY INC. COM 67481E106 0 14250 SH DEFINED 0 0 14250
ORACLE CORPORATION. COM 68389X105 364 13800 SH DEFINED 0 0 13800
PAMECO CORP CLASS B COM COM 697999001 2192 381286 SH DEFINED 0 0 381286
PAMECO CORP COM COM 697934107 687 119551 SH DEFINED 0 0 119551
PARAMETRIC TECHNOLOGY CORP COM COM 699173100 393 19900 SH DEFINED 0 0 19900
PEPSICO INC COM COM 713448108 71528 1825288 SH DEFINED 0 0 1825288
PFIZER INC COM COM 717081103 3790 27316 SH DEFINED 0 0 27316
PHILIP MORRIS COS INC COM COM 718154107 274 7786 SH DEFINED 0 0 7786
PHOTOELECTRON CORP COM COM 719320103 35 11466 SH DEFINED 0 0 11466
POGO PRODUCING CO 5.500% 06/15 CONVERTIBLE BOND 730448AE7 1294 1725000 PRN DEFINED 0 0 1725000
POGO PRODUCING CO COM COM 730448107 40845 3141896 SH DEFINED 0 0 3141896
POGO PRODUCING CO MAY 15 OPTION - CALL 7304489EC 11 125 SH CALL DEFINED 0 0 125
PROCTER & GAMBLE CO COM COM 742718109 27975 285643 SH DEFINED 0 0 285643
PROVIDIAN FINL CORP COM COM 74406A102 561 5100 SH DEFINED 0 0 5100
QWEST COMMUNICATIONS INTL INC COM 749121109 815 11300 SH DEFINED 0 0 11300
RIBI IMMUNOCHEM RESH INC COM COM 762553105 193 114300 SH DEFINED 0 0 114300
ROHM & HAAS CO. COM 775371107 336 10000 SH DEFINED 0 0 10000
ROYAL CARIBBEAN CRUISES LTD CO COM V7780T103 390 10000 SH DEFINED 0 0 10000
ROYAL DUTCH PETE CO N Y REGIST FOREIGN COMMON S 780257804 41194 792200 SH DEFINED 0 0 792200
SBC COMMUNICATIONS INC COM COM 78387G103 435 9214 SH DEFINED 0 0 9214
SCHLUMBERGER LTD COM SEDOL # 2 COM 806857108 1188 19740 SH DEFINED 0 0 19740
SCIENTIFIC ATLANTA INC COM COM 808655104 24329 892800 SH DEFINED 0 0 892800
SEACOR SMIT INC COM COM 811904101 1659 30824 SH DEFINED 0 0 30824
SEAGATE TECHNOLOGY COM COM 811804103 299 10100 SH DEFINED 0 0 10100
<PAGE>
PORTVUE-SEC13F.LNP KLINGENSTEIN, FIELDS & CO., L.L.C. PAGE 4
RUN DATE: 04/29/99 1:43 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
SEALED AIR CORP NEW COM COM 81211K100 27948 568200 SH DEFINED 0 0 568200
SEARS ROEBUCK & CO COM COM 812387108 575 12735 SH DEFINED 0 0 12735
SIEBEL SYS INC COM COM 826170102 1768 37230 SH DEFINED 0 0 37230
SIGMA ALDRICH CORP COM COM 826552101 544 18600 SH DEFINED 0 0 18600
SMITHKLINE BEECHAM P L C ADR R FOREIGN COMMON S 832378301 398 5570 SH DEFINED 0 0 5570
SPRINT CORP PCS COM SER 1 COM 852061506 676 15250 SH DEFINED 0 0 15250
STOLT COMEX SEAWAY S A ADR SPO COM 861567105 327 39000 SH DEFINED 0 0 39000
STOLT COMEX SEAWAY SA COM SEDO COM L8873E103 2066 214600 SH DEFINED 0 0 214600
SUN MICROSYSTEMS INC COM COM 866810104 275 4400 SH DEFINED 0 0 4400
SUNDSTRAND CORP COM COM 867323107 278 4000 SH DEFINED 0 0 4000
TANDY CORP COM COM 875382103 440 6900 SH DEFINED 0 0 6900
TELLABS INC COM COM 879664100 673 6880 SH DEFINED 0 0 6880
TIME WARNER INC COM COM 887315109 65596 926340 SH DEFINED 0 0 926340
TITANIUM METALS CORP COM COM 888339108 58 10000 SH DEFINED 0 0 10000
TJX COS INC NEW COM COM 872540109 2496 73400 SH DEFINED 0 0 73400
TORCHMARK CORP COM COM 891027104 2024 64008 SH DEFINED 0 0 64008
TRICON GLOBAL RESTAURANTS INC COM 895953107 6726 95749 SH DEFINED 0 0 95749
U S WEST INC NEW COM COM 91273H101 341 6191 SH DEFINED 0 0 6191
UNION CAMP CORP COM COM 905530101 906 13500 SH DEFINED 0 0 13500
UNION PAC CORP COM COM 907818108 15775 295200 SH DEFINED 0 0 295200
UNION PAC RES GROUP INC COM COM 907834105 330 27775 SH DEFINED 0 0 27775
US BANCORP DEL COM NEW COM 902973106 286 8400 SH DEFINED 0 0 8400
USA NETWORKS INC COM COM 902984103 358 10000 SH DEFINED 0 0 10000
VANS INC COM COM 921930103 140 20000 SH DEFINED 0 0 20000
VODAFONE GROUP PLC SPONSORED A FOREIGN COMMON S 92857T107 282 1500 SH DEFINED 0 0 1500
WACHOVIA CORP NEW COM COM 929771103 231 2841 SH DEFINED 0 0 2841
WADDELL & REED FINL INC CL B COM 930059209 312 15674 SH DEFINED 0 0 15674
WARNER LAMBERT CO COM COM 934488107 636 9600 SH DEFINED 0 0 9600
WASHINGTON POST CO COM CL B COM 939640108 40459 77582 SH DEFINED 0 0 77582
WASTE MANAGEMENT COM 94106L109 355 8000 SH DEFINED 0 0 8000
XEROX CORP COM COM 984121103 417 8000 SH DEFINED 0 0 8000
LINE COUNT: 174
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