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
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Crabbe Huson Group, Inc.
Address: 121 SW Morrison, Suite 1400
Portland, OR 97204
13F File Number: 028-03481
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 F. Biesiadecki
Title: Compliance Officer
Phone: 503-417-3538
Signature, Place, and Date of Signing:
/s/Thomas F. Biesiadecki Portland, Oregon 5/10/98
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[XX] 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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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 152
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Form 13F Information Table Value Total: $ 2,658,663
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. 13F File Number Name
1 28-33 Liberty Mutual Insurance Co.
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FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 3/31/99
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- ----------- ---------- --------- -------- ---------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
Defined Managers Sole Shared None
------ --------- ----------- ---------- --------- -------- -------- ------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP Common 885535104 28468713 1742800 1742800 1 1739800 3000
ACE LTD Common G0070K103 29163431 935100 935100 1 932700 2400
ACTEL CORP Common 004934105 42405461 2579717 2579717 1 2369817 209900
ADOBE SYS Common 00724F101 30679050 540600 540600 1 539100 1500
ALCOA INC. Common 013817101 20008888 485800 485800 1 484600 1200
AMB PROPERTY CORP Common 00163T109 311250 15000 15000 1 15000 0
AMERICAN AXLE & MFG HOLDINGS Common 024061103 1821175 150200 150200 1 149100 1100
AMGEN INC Common 031162100 928450 12400 12400 1 12400 0
ARCADIA FINANCIAL LTD Common 039101100 29852591 6284756 6284756 1 5769656 515100
ARCHSTONE COMMUNITIES TRUST Common 039581103 340113 16900 16900 1 16900 0
ARDEN REALTY GRP Common 039793104 400500 18000 18000 1 18000 0
ASARCO Common 043413103 7375875 534000 534000 1 532200 1800
ASSET INVESTORS CORPORATION Common 045417201 340800 28400 28400 1 28400 0
ATLANTIC RICHFIELD Common 048825103 36006750 492400 492400 1 491200 1200
AUSPEX SYSTEMS INC. Common 052116100 45574646 4264100 4264100 1 3920020 344080
AVALONBAY COMMUNITIES INC Common 053484101 318750 10000 10000 1 10000 0
BATTLE MOUNTAIN GOLD Common 071593107 12844310 4670658 4670658 1 4121558 549100
BOMBAY CO INC Common 097924104 14408800 3602200 3602200 1 3284000 318200
BRANDYWINE REALTY TRUST Common 105368203 381875 23500 23500 1 23500 0
BROOKDALE LIVING COMMUNITIES Common 112462106 432975 25100 25100 1 25100 0
BURLINGTON RESOURCES Common 122014103 26099156 653500 653500 1 652000 1500
CABLETRON SYSTEM Common 126920107 26097700 3187200 3187200 1 3181900 5300
CADILLAC FAIRVIEW CORP. Common 126929207 368794 22100 22100 1 22100 0
CAMDEN PROPERTY TRUST Common 133131102 426121 17217 17217 1 17217 0
CAPITAL AUTOMOTIVE REIT Common 139733109 248750 20000 20000 1 20000 0
CATELLUS DEVELOPMENT Common 149111106 267500 20000 20000 1 20000 0
CATO CORP NEW CL A Common 149205106 12641123 1357436 1357436 1 1220736 136700
CCC INFORMATION SVS GRP Common 12487q109 17246850 1483600 1483600 1 1323200 160400
CENTURY ALUMINUM Common 156431108 13425913 2360600 2360600 1 2151998 208602
CHECKPOINT SYSTEMS INC Common 162825103 17948982 2159276 2159276 1 1933176 226100
CHICAGO TITLE CORP Common 168228104 287363 7900 7900 1 7900 0
CHUBB CORP Common 171232101 29972288 511800 511800 1 510500 1300
COMDISCO INC Common 200336105 17167150 960400 960400 1 958100 2300
COMMERCIAL ASSETS INC Common 201118106 286375 58000 58000 1 58000 0
COVENTRY HEALTHCARE CORP. Common 222862104 21751590 2900212 2900212 1 2663012 237200
CRESCENT REAL ESTATE EQT CO Common 225756105 333250 15500 15500 1 15500 0
DELUXE CORP Common 248019101 30281263 1039700 1039700 1 1037300 2400
DU PONT Common 263534109 23939169 412300 412300 1 411300 1000
DURA PHARMACEUTICAL Common 26632S109 21331575 1510200 1510200 1 1506300 3900
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 3/31/99
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- ----------- ---------- --------- -------- ---------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
Defined Managers Sole Shared None
------ --------- ----------- ---------- --------- -------- -------- ------- ---------
EEX CORPORATION Common 26842V207 2719563 557859 557859 1 556343 1516
EQUITY OFFICE PROPERTIES TRUST Common 294741103 20576588 810900 810900 1 809000 1900
FEDERATED DEPT STORES Common 31410H101 30254250 754000 754000 1 752100 1900
FIRST INDUSTRIAL RE TRUST Common 32054K103 383000 16000 16000 1 16000 0
FLANDERS CORP Common 338494107 9424106 3677700 3677700 1 3280400 397300
FLEMING COMPANIES INC Common 339130106 23245732 2714830 2714830 1 2453930 260900
FOREST OIL CORP. Common 346091606 21823808 2909841 2909841 1 2662141 247700
FRANCHISE FINANCE CORP OF AMER Common 351807102 231688 11000 11000 1 11000 0
FREEPORT-MC COPPER B Common 35671D857 11829553 1087775 1087775 1 1085075 2700
GENERAL NUTRITION COS Common 37047F103 26355000 1882500 1882500 1 1878000 4500
GLIMCHER REALTY TRUST Common 379302102 268094 18650 18650 1 18650 0
GLOBAL MARINE INC Common 379352404 13929625 1185500 1185500 1 1181500 4000
GREY WOLF INC Common 397888108 19317948 13438400 13438400 1 11941300 1497100
GST TELECOMMUNICATIONS INC. Common 361942105 809375 74000 74000 1 53700 20300
HARNISCHFEGER INDUSTRIES INC Common 413345109 295750 52000 52000 1 52000 0
HEALTH MGNT ASSOCIATES INC CL Common 421933102 15552469 1276100 1276100 1 1273900 2200
HEALTHCARE REALTY TRUST INC Common 421946104 386175 20325 20325 1 20325 0
HEWLETT-PACKARD Common 428236103 18451781 272100 272100 1 271300 800
HMT TECHNOLOGY CORP Common 403917107 10487327 2996379 2996379 1 2684579 311800
HOST MARROITT CORP Common 44107P102 255875 23000 23000 1 23000 0
HUMANA INC Common 444859102 15642300 906800 906800 1 906800 0
HUNTCO INC. Common 445661101 4772750 1909100 1909100 1 1716200 192900
IDEXX LABORATORIES INC Common 45168D104 33026569 1379700 1379700 1 1244600 135100
INPUT/OUTPUT INC. Common 457652105 9261574 1467180 1467180 1 1289580 177600
INTEGRATED HEALTH SERV Common 45812C106 10165650 1848300 1848300 1 1637500 210800
INTERNEURON PHARMACEUTICALS Common 460573108 7739500 2692000 2692000 1 2408400 283600
ISPAT INTERNATIONAL NV Common 464899103 18290300 2459200 2459200 1 2250400 208800
JB HUNT Common 445658107 14777700 703700 703700 1 696800 6900
KCS ENERGY INC Common 482434206 3395683 1811031 1811031 1 1617731 193300
KRANZCO REALTY TRUST Common 50076E103 191363 16200 16200 1 16200 0
LANDSTAR SYSTEM INC. Common 515098101 8373139 252774 252774 1 218474 34300
LOCKHEED MARTIN CORPORATION Common 539830109 18425775 488100 488100 1 486900 1200
LONGVIEW FIBRE CO Common 543213102 16870844 1459100 1459100 1 1339300 119800
LOUISIANA PAC CORP COM Common 546347105 7215325 387400 387400 1 386100 1300
LYONDELL CHEMICAL CO. Common 552078107 22751937 1662242 1662242 1 1658046 4196
MAIL-WELL INC COM Common 560321200 11046413 825900 825900 1 708900 117000
MANUFACTURED HOME COMMUNITIES Common 564682102 144000 6000 6000 1 6000 0
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 3/31/99
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- ----------- ---------- --------- -------- ---------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
Defined Managers Sole Shared None
------ --------- ----------- ---------- --------- -------- -------- ------- ---------
MARINE DRILLING CO INC Common 568240204 12208504 1109864 1109864 1 996364 113500
MCDERMOTT INTL INC Common 580037109 27283078 1077850 1077850 1 1075250 2600
MEDIAONE GROUP INC Common 58440J104 32280172 508850 508850 1 507150 1700
MEDITRUST CORP-PAIRED STOCK Common 58501T306 149250 12000 12000 1 12000 0
MENTOR GRAPHICS CORP Common 587200106 39144600 2899600 2899600 1 2638500 261100
MGIC INVESTMENT CORP Common 552848103 16465350 469600 469600 1 468500 1100
MID ATLANTIC MEDICAL SVC Common 59523C107 38977094 3873500 3873500 1 3508900 364600
MYLEX CORP Common 628546103 20215000 3110000 3110000 1 2839300 270700
NABORS INDUSTRIES INC Common 629568106 23725594 1304500 1304500 1 1301200 3300
NEW HOLLAND Common N62648105 4777525 466100 466100 1 464600 1500
NORTHROP GRUMMAN CORP Common 666807102 19806650 330800 330800 1 330000 800
NORTHWEST AIRLINES CL A Common 667280101 18044750 648800 648800 1 646800 2000
NUEVO ENERGY CO Common 670509108 11992766 888353 888353 1 796553 91800
OAKLEY INC Common 673662102 32004387 4613245 4613245 1 4174845 438400
OREGON STEEL MILLS INC Common 686079104 10212739 978466 978466 1 917666 60800
PATRIOT AMERN HOSPTLTY COM Common 703352203 123763 24149 24149 1 24149 0
PEP BOYS-MANNY MOE & JACK Common 713278109 17827250 1169000 1169000 1 1166100 2900
PEPSICO INC Common 713448108 15545681 396700 396700 1 396000 700
PHELPS DODGE CORP Common 717265102 13790000 280000 280000 1 279300 700
PHILIPS INTERNATIONAL REALTY Common 718333107 425625 30000 30000 1 30000 0
PHILLIPS VAN HEUSEN Common 718592108 20520142 3040021 3040021 1 2720421 319600
PHYMATRIX CORP Common 718925100 5093000 2963200 2963200 1 2711100 252100
PICO HOLDINGS INC Common 693366205 1460390 78940 78940 1 78940 0
PICTURETEL CORP. Common 720035302 22959300 3279900 3279900 1 2926400 353500
POST PROPERTIES INC Common 737464107 492094 13575 13575 1 13575 0
PRECISION RESPONSE CORP Common 740314109 8844349 2721338 2721338 1 2434638 286700
PRENTISS PROPERTIES Common 740706106 264375 14100 14100 1 14100 0
PRISON REALTY CORP Common 74264n105 382526 21937 21937 1 21937 0
PROLOGIS TRUST Common 743410102 246000 12000 12000 1 12000 0
PUBLIC STORAGE INC. Common 74460D109 642500 25700 25700 1 25700 0
RISK CAPITAL HOLDINGS INC Common 767711104 16436338 1086700 1086700 1 1005300 81400
SAFECO CORP Common 786429100 16215438 401000 401000 1 401000 0
SAFETY-KLEEN CORP Common 78648R203 39140162 2953975 2953975 1 2676425 277550
SAP AG SPONSORED ADR Common 803054204 418369 15900 15900 1 15900 0
SCHLUMBERGER LTD Common 806857108 32922563 547000 547000 1 545700 1300
SEAGATE TECHNOLOGY INC Common 811804103 13418419 453900 453900 1 452200 1700
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 3/31/99
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- ----------- ---------- --------- -------- ---------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
Defined Managers Sole Shared None
------ --------- ----------- ---------- --------- -------- -------- ------- ---------
SENSORMATIC ELECTRONICS Common 817265101 23146969 2436523 2436523 1 2198723 237800
SEQUENT COMPUTER SYSTEMS Common 817338106 29002031 3200500 3200500 1 2963800 236700
SILICON GRAPHICS INC Common 827056102 45837547 2767550 2767550 1 2760750 6800
SILVERLEAF RESORTS INC. Common 828395103 367200 45900 45900 1 45900 0
SIMON PROPERTY GROUP INC Common 828806109 525154 19140 19140 1 19140 0
SMITH INTERNATIONAL INC Common 832110100 18884000 472100 472100 1 470900 1200
SNYDER OIL CORP. Common 833482102 22736447 1534950 1534950 1 1398050 136900
SONAT INC Common 835415100 17805000 593500 593500 1 592000 1500
SPIEKER PROPERTIES Common 848497103 267900 7600 7600 1 7600 0
STEWART ENTERPRISES Common 860370105 11211625 698000 698000 1 696300 1700
STORAGE USA Common 861907103 192950 6800 6800 1 6800 0
SUMMIT PROPERTIES INC Common 866239106 225281 13500 13500 1 13500 0
SUNSTONE HOTEL INVS COM Common 867933103 273125 38000 38000 1 38000 0
TENET HEALTHCARE CORP Common 88033G100 20357813 1075000 1075000 1 1073200 1800
TOM BROWN, INC Common 115660201 8675438 715500 715500 1 633100 82400
TOWER REALTY TRUST Common 89185E109 240506 12700 12700 1 12700 0
TRINET CORP REALTY TRUST Common 896287109 162400 6400 6400 1 6400 0
UNION PACIFIC RESOURCES Common 907834105 17683063 1489100 1489100 1 1485500 3600
UNITEDHEALTH GROUP Common 910581107 31006650 589200 589200 1 587700 1500
US FILTER CORP Common 911843209 29130500 951200 951200 1 948800 2400
VYSIS INC Common 928961101 1761031 517000 517000 1 517000 0
WABASH NATIONAL CORP Common 929566107 15904163 1368100 1368100 1 1239500 128600
WARNACO GROUP-CL A Common 934390105 11738906 475500 475500 1 474300 1200
WESTERN GAS RES Common 958259103 7267500 969000 969000 1 927800 41200
YELLOW CORPORATION Common 985509108 21393838 1231300 1231300 1 1106500 124800
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1861126624
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