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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: Capital Growth Management L.P.
Address: One International Place
Boston, MA 02110
13F File Number: 28-2723
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
comlete, 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: Robert L. Kemp
Title: President, Kenbob, Inc., General Partner
Phone: 617-737-3225
Signature, Place, and Date of Signing:
Robert L. Kemp Boston, Massachusetts May 7, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 77
Form 13F Information Table Value Total: $7,790,627
List of Other Included Managers: NONE
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ITEM 1 ITEM 1 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AFLAC INC COMMON 001055102 231958 4261000 SH SOLE 4261000 0 0
AIRBORNE FREIGHT CORP COMMON 009266107 31096 1003100 SH SOLE 590100 0 413000
ALEXANDRIA REAL ESTATE E COMMON 015271109 18834 712400 SH SOLE 712400 0 0
AMERICAN GENERAL CORP COMMON 026351106 177026 2511000 SH SOLE 2511000 0 0
AMERICAN INTL GROUP INC COMMON 026874107 201076 1666954 SH SOLE 1613029 0 53925
AMES DEPARTMENT STORES COM NEW 030789507 8873 239000 SH SOLE 239000 0 0
ANHEUSER BUSCH COS INC COMMON 035229103 452167 5939800 SH SOLE 5327600 0 612200
APARTMENT INVT & MGMT CO CL A 03748R101 177357 4892600 SH SOLE 4892600 0 0
APPLIED MATLS INC COMMON 038222105 300881 4877500 SH SOLE 4286600 0 590900
ASIA PULP & PAPER LTD DEPOSITORY RECEI 04516V100 37662 4497000 SH SOLE 4497000 0 0
BANK NEW YORK INC COMMON 064057102 103159 2870500 SH SOLE 2870500 0 0
BANKAMERICA CORP NEW COMMON 06605F102 437465 6194200 SH SOLE 5600400 0 593800
BEL FUSE INC CL A 077347201 4272 104200 SH SOLE 104200 0 0
BEST BUY INC COMMON 086516101 453622 8723500 SH SOLE 7803100 0 920400
BOSTON PROPERTIES INC COMMON 101121101 138802 4389000 SH SOLE 4389000 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 21515 1324000 SH SOLE 1324000 0 0
BURLINGTON NORTHN SANTA COMMON 12189T104 133900 4073000 SH SOLE 4073000 0 0
CKE RESTAURANTS INC COMMON 12561E105 92975 4707570 SH SOLE 3134140 0 1573430
CHASE MANHATTAN CORP NEW COMMON 16161A108 563839 6928900 SH SOLE 6186500 0 742400
CIRCUIT CITY STORE/GRP CIRCT CITY GRP 172737108 260142 3395000 SH SOLE 3395000 0 0
CLAIRE'S STORES INC COMMON 179584107 53150 1764300 SH SOLE 1039300 0 725000
COMPANHIA SIDERURGICA NA DEPOSITORY RECEI 20440W105 966 59000 SH SOLE 59000 0 0
COMPUTER SCIENCES CORP COMMON 205363104 1821 33000 SH SOLE 33000 0 0
CRESCENT REAL ESTATE EQU COMMON 225756105 16899 786000 SH SOLE 786000 0 0
CROWN AMERN RLTY TR SH BEN INT 228186102 6347 976400 SH SOLE 976400 0 0
DELTA AIR LINES INC DEL COMMON 247361108 24673 355000 SH SOLE 355000 0 0
EQUITY OFFICE PROPERTIES COMMON 294741103 353461 13929500 SH SOLE 13929500 0 0
FDX CORP COMMON 31304N107 2325 25000 SH SOLE 0 0 25000
FELCOR LODGING TR INC PFD CV A $1.95 31430F200 1373 65000 SH SOLE 65000 0 0
FIRST YRS INC COMMON 337610109 3331 239000 SH SOLE 239000 0 0
FIRSTAR CORP NEW WIS COMMON 33763V109 347493 3882600 SH SOLE 3372700 0 509900
FOODMAKER INC NEW COM NEW 344839204 37511 1471000 SH SOLE 1471000 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 18924 1113200 SH SOLE 1113200 0 0
GOLDEN WEST FINL CORP DE COMMON 381317106 59707 625200 SH SOLE 279600 0 345600
GULFSTREAM AEROSPACE COMMON 402734107 62928 1450800 SH SOLE 691800 0 759000
HERSHEY FOODS CORP COMMON 427866108 137269 2448500 SH SOLE 2448500 0 0
HOME PPTYS N Y INC COMMON 437306103 23958 1036000 SH SOLE 1036000 0 0
JABIL CIRCUIT INC COMMON 466313103 25219 622700 SH SOLE 589700 0 33000
JEFFERSON PILOT CORP COMMON 475070108 74525 1100000 SH SOLE 1100000 0 0
K-SWISS INC CL A 482686102 10832 429000 SH SOLE 429000 0 0
KONINKLIJKE PHILIPS ELEC DEPOSITORY RECEI 500472105 308333 3740200 SH SOLE 3204200 0 536000
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 18365 1386000 SH SOLE 1386000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 11570 557600 SH SOLE 557600 0 0
LIBERTY PPTY LTD PARTNER SDEB 8.200 7/0 53117CAA0 1768 1700000 PRN SOLE 1700000 0 0
MARTIN MARIETTA MATLS IN COMMON 573284106 84823 1486500 SH SOLE 725500 0 761000
MERISTAR HOSPITALITY COR COMMON 58984Y103 21323 1172425 SH SOLE 1172425 0 0
MICROSOFT CORP COMMON 594918104 318097 3549200 SH SOLE 3549200 0 0
MICRON TECHNOLOGY INC COMMON 595112103 2072 43000 SH SOLE 43000 0 0
MONACO COACH CORP COMMON 60886R103 5281 229000 SH SOLE 229000 0 0
NCI BUILDING SYS INC COMMON 628852105 5687 242000 SH SOLE 242000 0 0
NATIONAL R V HLDGS INC COMMON 637277104 5255 237500 SH SOLE 237500 0 0
NIKE INC CL B CL B 654106103 95634 1657800 SH SOLE 970000 0 687800
NOKIA CORP DEPOSITORY RECEI 654902204 100459 645000 SH SOLE 645000 0 0
NORTHWEST AIRLS CORP CL A 667280101 5563 200000 SH SOLE 200000 0 0
OUTBACK STEAKHOUSE INC COMMON 689899102 6548 199950 SH SOLE 0 0 199950
PACIFIC GULF PPTYS INC COMMON 694396102 9709 539400 SH SOLE 539400 0 0
PACIFIC GULF PPTYS INC SDCV 8.375 2/1 694396AA0 1850 1850000 PRN SOLE 1850000 0 0
PAN PACIFIC RETAIL PPTYS COMMON 69806L104 5069 285600 SH SOLE 285600 0 0
PHILIP MORRIS COS COMMON 718154107 94415 2683200 SH SOLE 2424200 0 259000
PHILIPS INTL RLTY CORP COMMON 718333107 6030 425000 SH SOLE 425000 0 0
PRENTISS PPTYS TR SH BEN INT 740706106 16819 897000 SH SOLE 897000 0 0
PRIME GROUP REALTY TRUST SH BEN INT 74158J103 29151 2200100 SH SOLE 2200100 0 0
RUBY TUESDAY INC COMMON 781182100 17448 1004200 SH SOLE 1004200 0 0
SL GREEN RLTY CORP COMMON 78440X101 31116 1654000 SH SOLE 1654000 0 0
TACO CABANA INC COMMON 873425102 1058 120000 SH SOLE 120000 0 0
TEREX CORP NEW COMMON 880779103 796 33000 SH SOLE 33000 0 0
TEXAS INSTRS INC COMMON 882508104 451985 4554000 SH SOLE 4100800 0 453200
TIFFANY & CO COMMON 886547108 101316 1355400 SH SOLE 676400 0 679000
TRIZEC HAHN CORP SUB VTG 896938107 75454 4093300 SH SOLE 1981200 0 2112100
UAL CORP COM PAR $0.01 902549500 30060 386000 SH SOLE 386000 0 0
U S G CORP COM NEW 903293405 1284 25000 SH SOLE 25000 0 0
VOLKSWAGEN AG DEPOSITORY RECEI 928662303 285591 21473000 SH SOLE 21473000 0 0
VORNADO RLTY TR SH BEN INT 929042109 171707 4977000 SH SOLE 4977000 0 0
VORNADO RLTY TR PFD CONV SER A 929042208 1911 39000 SH SOLE 39000 0 0
WAL MART STORES INC COMMON 931142103 285256 3094300 SH SOLE 2661600 0 432700
ZIONS BANCORPORATION COMMON 989701107 70962 1067100 SH SOLE 560100 0 507000
RADICA GAMES LTD ORD G7342H107 1851 146600 SH SOLE 146600 0 0
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