CAPITAL GROWTH MANAGEMENT LP
13F-HR, 2000-08-08
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<PAGE>

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2000

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
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:  Robert L. Kemp
Title: President, Kenbob, Inc., General Partner
Phone: 617-737-3225
Signature, Place, and Date of Signing:

Robert L. Kemp      Boston, Massachusetts    August 8, 2000

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.

/s/ Robert L. Kemp
--------------------------
    Robert L. Kemp

<PAGE>

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:          0

Form 13F Information Table Entry Total:     84

Form 13F Information Table Value Total:     $6,955,648

List of Other Included Managers:             NONE

<PAGE>
<TABLE>
<CAPTION>
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            ITEM 1             ITEM 2           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
------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>              <C>       <C>      <C>      <C>      <C>       <C>        <C>       <C>       <C>
APP FIN VI MAURITIUS LTD       NOTE        11/1 00202NAA3     7431 49133000 PRN      SOLE                 49133000        0        0
ADVANCED MICRO DEVICES I       COMMON           007903107   324010  4194300 SH       SOLE                  4080600        0   113700
ALBERTA ENERGY LTD             COMMON           012873105    17018   420200 SH       SOLE                   420200        0        0
ALCAN ALUMINIUM LTD NEW        COMMON           013716105   136772  4412000 SH       SOLE                  4412000        0        0
ALCOA INC                      COMMON           013817101   153770  5302400 SH       SOLE                  5074000        0   228400
ALEXANDRIA REAL ESTATE E       COMMON           015271109    42860  1249100 SH       SOLE                  1249100        0        0
ANADARKO PETE CORP             COMMON           032511107    73574  1492000 SH       SOLE                  1447000        0    45000
ANHEUSER BUSCH COS INC         COMMON           035229103   158039  2116000 SH       SOLE                  2116000        0        0
APACHE CORP                    COMMON           037411105    87537  1488400 SH       SOLE                  1447700        0    40700
APARTMENT INVT & MGMT CO       CL A             03748R101   172589  3990500 SH       SOLE                  3990500        0        0
ARACRUZ CELULOSE S A           DEPOSITORY RECEI 038496204    85746  4439900 SH       SOLE                  4439900        0        0
ARDEN RLTY GROUP INC           COMMON           039793104     6345   270000 SH       SOLE                   270000        0        0
ARROW ELECTRS INC              COMMON           042735100     2635    85000 SH       SOLE                    85000        0        0
ASIA PULP & PAPER LTD          DEPOSITORY RECEI 04516V100    57905 11438000 SH       SOLE                 11438000        0        0
ASIA PULP & PAPER LTD          *W EXP  7/27/200 04516V100     4791   946400          SOLE                   946400        0        0
ATMEL CORP                     COMMON           049513104    11129   301800 SH       SOLE                        0        0   301800
AVALONBAY CMNTYS INC           COMMON           053484101    23798   570000 SH       SOLE                   570000        0        0
BJ SVCS CO                     COMMON           055482103    21250   340000 SH       SOLE                   340000        0        0
BRE PROPERTIES INC             CL A             05564E106    23389   810000 SH       SOLE                   810000        0        0
BEDFORD PPTY INVS INC          COM PAR $0.02    076446301    24131  1300000 SH       SOLE                  1300000        0        0
BOSTON PROPERTIES INC          COMMON           101121101   217845  5640000 SH       SOLE                  5640000        0        0
BRANDYWINE RLTY TR             SH BEN INT NEW   105368203    19823  1036500 SH       SOLE                  1036500        0        0
CARRAMERICA RLTY CORP          COMMON           144418100    23320   880000 SH       SOLE                   880000        0        0
CHELSEA GCA RLTY INC           COMMON           163262108    21878   633000 SH       SOLE                   633000        0        0
CHUBB CORP                     COMMON           171232101    85301  1387000 SH       SOLE                  1387000        0        0
COMPANHIA SIDERURGICA NA       DEPOSITORY RECEI 20440W105   121839  3954200 SH       SOLE                  3954200        0        0
COMPUTER SCIENCES CORP         COMMON           205363104    73343   982000 SH       SOLE                   982000        0        0
CONOCO INC                     CL B             208251405    42751  1740500 SH       SOLE                  1740500        0        0
CORUS GROUP PLC                DEPOSITORY RECEI 22087M101    56892  3957700 SH       SOLE                  3345700        0   612000
DATARAM CORP                   COM PAR $1       238108203     3450   120000 SH       SOLE                   120000        0        0
DEVON ENERGY CORP NEW          COMMON           25179M103    37494   667300 SH       SOLE                   667300        0        0
EOG RES INC                    COMMON           26875P101    41875  1250000 SH       SOLE                  1250000        0        0
EL PASO ENERGY CORP DEL        COMMON           283905107   219541  4310000 SH       SOLE                  4310000        0        0
ESSEX PPTY TR INC              COMMON           297178105    24360   580000 SH       SOLE                   580000        0        0
FELCOR LODGING TR INC          PFD CV A $1.95   31430F200     1105    65000 SH       SOLE                    65000        0        0
GLOBAL MARINE INC              COMMON           379352404    60251  2137500 SH       SOLE                  1887500        0   250000
GREAT LAKES REIT INC           COMMON           390752103     4403   259000 SH       SOLE                   259000        0        0
GROVE PPTY TR                  SH BEN INT       399613108     4388   270000 SH       SOLE                   270000        0        0
HCA-HEALTHCARE CO              COMMON           404119109    60750  2000000 SH       SOLE                  2000000        0        0
HALLIBURTON CO                 COMMON           406216101   220743  4678000 SH       SOLE                  4678000        0        0
HERSHEY FOODS CORP             COMMON           427866108   161263  3325000 SH       SOLE                  3325000        0        0
HOME PPTYS N Y INC             COMMON           437306103    30900  1030000 SH       SOLE                  1030000        0        0
INCO LTD                       COMMON           453258402   333840 21713200 SH       SOLE                 21138200        0   575000
INTERNATIONAL GAME TECHN       COMMON           459902102     1179    44500 SH       SOLE                    44500        0        0
ISPAT INTL N V                 DEPOSITORY RECEI 464899103     2674   281500 SH       SOLE                   281500        0        0
KILROY RLTY CORP               COMMON           49427F108    13358   515000 SH       SOLE                   515000        0        0
KONINKLIJKE PHILIPS ELEC       DEPOSITORY RECEI 500472204   332351  6996860 SH       SOLE                  6895260        0   101600
LSI LOGIC CORP                 COMMON           502161102     7383   136400 SH       SOLE                        0        0   136400
LASALLE HOTEL PPTYS            COM SH BEN INT   517942108    16747  1165000 SH       SOLE                  1165000        0        0
LEGACY HOTELS REAL EST I       UNITS            524919107    22786  3815000 SH       SOLE                  3815000        0        0
LIBERTY PPTY TR                SH BEN INT       531172104    23240   896000 SH       SOLE                   896000        0        0
LIBERTY PPTY LTD PARTNER       SDEB  8.000  7/0 53117CAA0     2263  1700000 PRN      SOLE                  1700000        0        0
APP FINANCE VII                SDCV  3.500 04/3 V03230AA3    14351 19795000 PRN      SOLE                 19795000        0        0
LYON WILLIAM HOMES             COMMON           552074106     1910   288300 SH       SOLE                   288300        0        0
MGM GRAND INC                  COMMON           552953101    45293  1409900 SH       SOLE                  1290100        0   119800
MAVERICK TUBE CORP             COMMON           577914104     3134   107600 SH       SOLE                   107600        0        0
MICRON TECHNOLOGY INC          COMMON           595112103   542298  6158100 SH       SOLE                  6031200        0   126900
MISSION WEST PPTYS INC         COMMON           605203108    14243  1356500 SH       SOLE                  1356500        0        0
NATIONAL SEMICONDUCTOR C       COMMON           637640103   169166  2980900 SH       SOLE                  2980900        0        0
OXFORD HEALTH PLANS INC        COMMON           691471106    31433  1320000 SH       SOLE                  1320000        0        0
PACIFIC GULF PPTYS INC         COMMON           694396102     2490    99341 SH       SOLE                    99341        0        0
PACIFICARE HEALTH SYS DE       COMMON           695112102    18237   303000 SH       SOLE                   303000        0        0
PHILIP MORRIS COS INC          COMMON           718154107   199506  7510800 SH       SOLE                  7510800        0        0
POHANG IRON & STL LTD          DEPOSITORY RECEI 730450103   368748 15364500 SH       SOLE                 14943900        0   420600
PRECISION DRILLING CORP        COMMON           74022D100     5717   148000 SH       SOLE                   148000        0        0
PRENTISS PPTYS TR              SH BEN INT       740706106    17364   723500 SH       SOLE                   723500        0        0
QUAKER OATS CO                 COMMON           747402105    63856   850000 SH       SOLE                   850000        0        0
SL GREEN RLTY CORP             COMMON           78440X101    35283  1319000 SH       SOLE                  1319000        0        0
SPIEKER PPTYS INC              COMMON           848497103   154404  3356600 SH       SOLE                  3356600        0        0
STATION CASINOS INC            COMMON           857689103     4888   195500 SH       SOLE                   108000        0    87500
TELEFONOS DE MEXICO S A        DEPOSITORY RECEI 879403780   377442  6607300 SH       SOLE                  6445700        0   161600
TENET HEALTHCARE CORP          COMMON           88033G100    30310  1122600 SH       SOLE                  1122600        0        0
TERADYNE INC                   COMMON           880770102    12186   165800 SH       SOLE                     6400        0   159400
TIFFANY & CO NEW               COMMON           886547108     6824   101100 SH       SOLE                        0        0   101100
TIMBERLAND CO                  CL A             887100105     2620    37000 SH       SOLE                    37000        0        0
TOSCO CORP                     COM NEW          891490302    84881  2998000 SH       SOLE                  2671300        0   326700
TOTAL FINA ELF S A             DEPOSITORY RECEI 89151E109   331146  4311100 SH       SOLE                  4183100        0   128000
TRIGON HEALTHCARE INC          COMMON           89618L100    13695   265600 SH       SOLE                   222600        0    43000
TUBOS DE ACERO DE MEXICO       DEPOSITORY RECEI 898592506    51662  3723400 SH       SOLE                  3550900        0   172500
UNITEDHEALTH GROUP INC         COMMON           91324P102   307088  3581200 SH       SOLE                  3492400        0    88800
VALERO ENERGY CORP NEW         COMMON           91913Y100    27813   876000 SH       SOLE                   717500        0   158500
VORNADO RLTY TR                SH BEN INT       929042109   180700  5200000 SH       SOLE                  5200000        0        0
VORNADO RLTY TR                PFD CONV SER A   929042208     2021    39000 SH       SOLE                    39000        0        0
TRANSOCEAN SEDCO FOREX I       ORD              G90078109   110888  2075100 SH       SOLE                  1891500        0   183600
</TABLE>


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