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: The Portola Group, Inc.
Address: 3000 Sand Hill Rd #2-145
Menlo Park, CA 94025
13F File Number: 28-3043__
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: Thomas Six___
Title: CFO__________
Phone: (650)854-7550
Signature, Place, and Date of Signing:
Thomas Six_____ Menlo Park, CA__ Aug 13, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 147
Form 13F Information Table Value Total: $1,033,109
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE> <C> <C> <C> <C> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY
NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- --------
AT&T CORP COM 001957109 1723 39618 SH DEFINED 0 0 39618
AT&T CORP NEW LIBERTY MEDIA GROUP CL A 001957208 423 11336 SH DEFINED 0 0 11336
ABBOTT LABORATORIES COM 002824100 564 15364 SH DEFINED 0 0 15364
ACTUATE CORP COM 00508B102 254 7486 SH DEFINED 0 0 7486
ADAPTIVE BROADBAND CORP COM 00650M104 335 10000 SH DEFINED 0 0 10000
ADOBE SYSTEMS INC COM 00724F101 2733 24081 SH DEFINED 0 0 24081
AFFYMETRIX INC COM 00826T108 38614 392266 SH DEFINED 0 0 392266
ALCATEL SA COM 013904305 13128 473080 SH DEFINED 0 0 473080
ALTERA CORP. COM 021441100 382 8800 SH DEFINED 0 0 8800
AMERICA ONLINE INC COM 02364J104 6816 65502 SH DEFINED 0 0 65502
AMERICAN HOME PRODUCTS CORP COM 026609107 210 5056 SH DEFINED 0 0 5056
AMERICAN INTL GROUP INC COM 026874107 502 5779 SH DEFINED 0 0 5779
AMERITECH CORP (NEW) COM 030954101 301 4512 SH DEFINED 0 0 4512
AMGEN INC COM 031162100 23981 294246 SH DEFINED 0 0 294246
APPLIED MATERIALS INC COM 038222105 19662 253096 SH DEFINED 0 0 253096
ARGENTINA FD INC COM 040112104 771 72605 SH DEFINED 0 0 72605
ARTHROCARE CORP COM 043136100 597 10934 SH DEFINED 0 0 10934
AVIRON COM 053762100 1120 46174 SH DEFINED 0 0 46174
BP AMOCO PLC ADRS COM 055622104 16961 153063 SH DEFINED 0 0 153063
BANCO SANTANDER SA COM 05964H105 15408 1494130 SH DEFINED 0 0 1494130
BANK OF AMERICA CORP COM 060505104 9038 162302 SH DEFINED 0 0 162302
BARRICK GOLD CORP COM 067901108 1784 82000 SH DEFINED 0 0 82000
BELL ATLANTIC CORP COM 077853109 375 5565 SH DEFINED 0 0 5565
BELLSOUTH CORP COM 079860102 389 8644 SH DEFINED 0 0 8644
BOEING COMPANY COM 097023105 16132 378459 SH DEFINED 0 0 378459
BOSTON SCIENTIFIC CORP COM 101137107 18944 765420 SH DEFINED 0 0 765420
BRAZIL FUND INC COM 105759104 808 60974 SH DEFINED 0 0 60974
BRISTOL-MYERS SQUIBB CO COM 110122108 13526 200384 SH DEFINED 0 0 200384
CMG INFORMATION SERVICES INC COM 125750109 5161 50350 SH DEFINED 0 0 50350
CNET INC COM 125945105 224 4000 SH DEFINED 0 0 4000
CABLE & WIRELESS HKT SPON ADR COM 126828102 936 43026 SH DEFINED 0 0 43026
CATERPILLAR INC COM 149123101 7151 130460 SH DEFINED 0 0 130460
CHASE MANHATTAN CORP COM 16161A108 11319 150168 SH DEFINED 0 0 150168
CHEVRON CORP COM 166751107 1008 11353 SH DEFINED 0 0 11353
CHILE FUND INC. FUND 168834109 729 70312 SH DEFINED 0 0 70312
CISCO SYSTEMS INC COM 17275R102 55406 808107 SH DEFINED 0 0 808107
CITIGROUP INC COM 172967101 243 5518 SH DEFINED 0 0 5518
CLOROX CO COM 189054109 260 6800 SH DEFINED 0 0 6800
COCA-COLA COMPANY COM 191216100 2283 47323 SH DEFINED 0 0 47323
COLGATE PALMOLIVE CO COM 194162103 210 4600 SH DEFINED 0 0 4600
COMPAQ COMPUTER CORP COM 204493100 1040 45469 SH DEFINED 0 0 45469
CONDUCTUS INC COM 206784100 839 394673 SH DEFINED 0 0 394673
CORNING INC. COM 219350105 12225 178300 SH DEFINED 0 0 178300
DELL COMPUTER CORP COM 247025109 15239 364461 SH DEFINED 0 0 364461
DIEBOLD INCORPORATED COM 253651103 1038 44885 SH DEFINED 0 0 44885
DISNEY WALT CO COM 254687106 15764 606292 SH DEFINED 0 0 606292
EMC CORPORATION MASS COM 268648102 314 4400 SH DEFINED 0 0 4400
EMPRESAS ICA SOCIEDAD SA DE CV COM 292448107 3350 1140350 SH DEFINED 0 0 1140350
EPICOR SOFTWARE CORP COM 29426L108 1357 236000 SH DEFINED 0 0 236000
EQUIFAX INC COM 294429105 352 12500 SH DEFINED 0 0 12500
EQUITY RESIDENTIAL PPTY TR SBI COM 29476L107 1546 36489 SH DEFINED 0 0 36489
ERICSSON L M TEL CO COM 294821400 33309 1065888 SH DEFINED 0 0 1065888
ESSEX PROPERTIES TRUST COM 297178105 12027 344250 SH DEFINED 0 0 344250
EXXON CORPORATION COM 302290101 2236 29425 SH DEFINED 0 0 29425
FSI INTL INC COM 302633102 581 70469 SH DEFINED 0 0 70469
FEDERAL NATL MTG ASSN COM 313586109 285 4542 SH DEFINED 0 0 4542
FORD MOTOR COMPANY COM 345370100 392 7800 SH DEFINED 0 0 7800
GTE CORP COM 362320103 243 3157 SH DEFINED 0 0 3157
GENERAL ELECTRIC COMPANY COM 369604103 7485 63133 SH DEFINED 0 0 63133
GENERAL INSTRUMENT CORP COM 370120107 23432 488175 SH DEFINED 0 0 488175
GENERAL MAGIC INC COM 370253106 738 387150 SH DEFINED 0 0 387150
GENESYS TELECOMMUNICATIONS LABORATORIES INC 371931106 262 5730 SH DEFINED 0 0 5730
GERMANY FUND INC COM 374143105 1087 81285 SH DEFINED 0 0 81285
GILLETTE COMPANY COM 375766102 14205 418554 SH DEFINED 0 0 418554
GUIDANT CORP COM 401698105 255 4764 SH DEFINED 0 0 4764
HALLIBURTON COMPANY COM 406216101 22946 559659 SH DEFINED 0 0 559659
HEWLETT-PACKARD COMPANY COM 428236103 745 8211 SH DEFINED 0 0 8211
IDACORP INC COM 451107106 7921 262923 SH DEFINED 0 0 262923
ILLINOIS TOOL WORKS COM 452308109 246 3300 SH DEFINED 0 0 3300
IMPERIAL OIL LTD NEW COM 453038408 9731 467545 SH DEFINED 0 0 467545
INFORMIX CORP COM 456779107 11839 1491475 SH DEFINED 0 0 1491475
INFOSEEK CORP COM 45678M107 523 16953 SH DEFINED 0 0 16953
INFOSPACE INC. COM 45678T102 206 5000 SH DEFINED 0 0 5000
INTEL CORPORATION COM 458140100 87137 1172572 SH DEFINED 0 0 1172572
INTERNATIONAL BUSINESS MACHINE COM 459200101 1517 12540 SH DEFINED 0 0 12540
INTUIT INC COM 461202103 301 3434 SH DEFINED 0 0 3434
JDS UNIPHASE COM 46612J101 15348 134850 SH DEFINED 0 0 134850
JARDINE FLEMING CHINA REGION FUND INC 471110106 865 129283 SH DEFINED 0 0 129283
JOHNSON & JOHNSON COM 478160104 8598 93581 SH DEFINED 0 0 93581
JUNIPER NETWORKS INC COM 48203R104 1280 7032 SH DEFINED 0 0 7032
KLA-TENCOR CORP COM 482480100 15859 243978 SH DEFINED 0 0 243978
KLM ROYAL DUTCH AIRLINES N Y REG 482516101 3296 126156 SH DEFINED 0 0 126156
KOREA FD INC COM 500634100 11538 923038 SH DEFINED 0 0 923038
LAUDER ESTEE COM 518439104 7496 191900 SH DEFINED 0 0 191900
LILLY ELI & COMPANY COM 532457108 221 3440 SH DEFINED 0 0 3440
LUCENT TECHNOLOGIES COM 549463107 5737 88433 SH DEFINED 0 0 88433
LUXOTTICA GROUP S P A ADR COM 55068R202 7678 402800 SH DEFINED 0 0 402800
MCI WORLDCOM INC COM 55268B106 407 5662 SH DEFINED 0 0 5662
MMC NETWORKS COM 55308N102 879 28178 SH DEFINED 0 0 28178
MANITOWOC INC COM 563571108 13690 401173 SH DEFINED 0 0 401173
MARSH & MCLENNAN COS INC COM 571748102 531 7748 SH DEFINED 0 0 7748
MATTEL INC COM 577081102 12741 670566 SH DEFINED 0 0 670566
MAY DEPT STORES CO COM 577778103 232 6371 SH DEFINED 0 0 6371
MCDONALDS CORP COM 580135101 7801 180367 SH DEFINED 0 0 180367
MERCK & COMPANY INCORPORATED COM 589331107 11017 169975 SH DEFINED 0 0 169975
MEXICO FD INC FUND 592835102 512 36724 SH DEFINED 0 0 36724
MICROSOFT CORP COM 594918104 26220 289526 SH DEFINED 0 0 289526
MOBIL CORPORATION COM 607059102 278 2758 SH DEFINED 0 0 2758
MOTOROLA INC COM 620076109 7450 84656 SH DEFINED 0 0 84656
MUELLER INDS INC COM 624756102 5509 185550 SH DEFINED 0 0 185550
NETMANAGE INC COM 641144100 426 206400 SH DEFINED 0 0 206400
NETRO CORP COM 64114R109 15790 576787 SH DEFINED 0 0 576787
NEW GERMANY FD INC FUND 644465106 318 26930 SH DEFINED 0 0 26930
NEWMONT MINING CORP COM 651639106 902 34850 SH DEFINED 0 0 34850
NEXTCARD INC COM 65332K107 613 25000 SH DEFINED 0 0 25000
NIKE INC CL B COM 654106103 13358 234870 SH DEFINED 0 0 234870
NIPPON TELEG & TEL SPON ADR COM 654624105 5934 96200 SH DEFINED 0 0 96200
NOKIA CORP SPONSORED ADR COM 654902204 13868 154306 SH DEFINED 0 0 154306
NORSK HYDRO AS COM 656531605 4418 102750 SH DEFINED 0 0 102750
NORTEL NETWORKS CORP COM 656569100 24571 481782 SH DEFINED 0 0 481782
NOVELL INC COM 670006105 251 12145 SH DEFINED 0 0 12145
ORACLE SYSTEMS CORPORATION COM 68389X105 18938 416215 SH DEFINED 0 0 416215
PE CORP PE BIOSYSTEMS GRP COM 69332S102 318 4400 SH DEFINED 0 0 4400
PEOPLESOFT INC COM 712713106 358 21150 SH DEFINED 0 0 21150
PEPSICO INCORPORATED COM 713448108 303 9940 SH DEFINED 0 0 9940
PFIZER INC COM 717081103 1208 33659 SH DEFINED 0 0 33659
PIXAR INC COM 725811103 227 6028 SH DEFINED 0 0 6028
PROCTER AND GAMBLE COMPANY COM 742718109 1278 13628 SH DEFINED 0 0 13628
PSINET INC COM 74437C101 25820 717850 SH DEFINED 0 0 717850
QUALCOMM INC COM 747525103 397 2100 SH DEFINED 0 0 2100
RITE AID CORP COM 767754104 13630 986768 SH DEFINED 0 0 986768
SBC COMMUNICATIONS INC COM 78387G103 326 6384 SH DEFINED 0 0 6384
SAFEWAY INC COM 786514208 14458 379840 SH DEFINED 0 0 379840
SARA LEE CORP COM 803111103 294 12590 SH DEFINED 0 0 12590
SCHERING PLOUGH CORP COM 806605101 1623 37210 SH DEFINED 0 0 37210
SCHLUMBERGER LIMITED COM 806857108 234 3750 SH DEFINED 0 0 3750
SINGAPORE FUND INC FUND 82929L109 2188 250050 SH DEFINED 0 0 250050
SONY CORP ADR COM 835699307 1567 10445 SH DEFINED 0 0 10445
SPIEKER PROPERTIES COM 848497103 7997 230547 SH DEFINED 0 0 230547
SUN MICROSYSTEMS INC COM 866810104 384 4124 SH DEFINED 0 0 4124
SWIFT ENERGY CO COM 870738101 8216 650770 SH DEFINED 0 0 650770
SYMANTEC CORP COM 871503108 39125 1087750 SH DEFINED 0 0 1087750
TELECOMUNICAOES BRASILEIRAS SA COM 879287308 7258 97750 SH DEFINED 0 0 97750
TELEFONICA S A SPONSORED ADR 879382208 9388 195586 SH DEFINED 0 0 195586
TELIGENT COM 87959Y103 9913 199500 SH DEFINED 0 0 199500
3COM CORP COM 885535104 18155 631465 SH DEFINED 0 0 631465
TICKETMASTER ONLINE-CITY SEARCH 88633P203 217 8959 SH DEFINED 0 0 8959
TRUE NORTH COMMUNICATIONS INC COM 897844106 420 11537 SH DEFINED 0 0 11537
ULTRATECH STEPPER INC COM 904034105 833 65305 SH DEFINED 0 0 65305
UNITED ASSET MANAGEMENT CORP COM 909420101 6525 338940 SH DEFINED 0 0 338940
VODAFONE GROUP ADR COM 92857T107 215 905 SH DEFINED 0 0 905
WARNER LAMBERT CO COM 934488107 444 6690 SH DEFINED 0 0 6690
WELLS FARGO & CO (NEW) COM 949746101 318 8025 SH DEFINED 0 0 8025
WERNER ENTERPRISES INC COM 950755108 7579 430037 SH DEFINED 0 0 430037
XILINX INC COM 983919101 216 3300 SH DEFINED 0 0 3300
YAHOO INC COM 984332106 3983 22192 SH DEFINED 0 0 22192
</TABLE>
