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, 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: Crabbe Huson Group, Inc.
Address: 121 SW Morrison, Suite 1400
Portland, OR 97204
13F File Number: 28- (File number not yet assigned; first filing)
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 8/4/1999
--------------------------- ----------------------------- ----------
[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).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
---------------------------
Form 13F Information Table Entry Total: 151
----------------------
Form 13F Information Table Value Total: $ 1,795,575
--------------------
(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.
<PAGE>
<TABLE>
<CAPTION>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 6/30/1999
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- -------- --------- ---------- ----------- -------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
($000) Defined Managers Sole Shared None
------ --------- ------- --------- ---------- ---------- ------- ------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3COM CORP Common 885535104 9466 354700 354700 1 352500 2200
ACE LTD Common G0070K103 25804 913400 913400 1 911000 2400
ACTEL CORP Common 004934105 32053 2173108 2173108 1 1983308 189800
ADOBE SYS Common 00724F101 74 900 900 1 0 900
ADVANCED MICRO DEVICES Common 007903107 14488 802100 802100 1 802100 0
ALCOA INC. Common 013817101 16292 263300 263300 1 262200 1100
AMB PROPERTY CORP Common 00163T109 512 21800 21800 1 21800 0
AMERICAN ELECTRIC POWER Common 025537101 18045 480400 480400 1 480400 0
ARCADIA FINANCIAL LTD Common 039101100 40039 5166343 5166343 1 4761043 405300
ARCHSTONE COMMUNITIES TRUST Common 039581103 342 15600 15600 1 15600 0
ASARCO Common 043413103 34 1800 1800 1 0 1800
ASSET INVESTORS CORPORATION Common 04541W107 485 32500 32500 1 32500 0
ATLANTIC RICHFIELD Common 048825103 14172 169600 169600 1 168700 900
AUSPEX SYSTEMS INC. Common 052116100 45861 4234120 4234120 1 3901220 332900
BERKSHIRE REALTY COMPANY Common 084710102 338 29200 29200 1 29200 0
BOMBAY CO INC Common 097924104 21986 2931454 2931454 1 2615954 315500
BRANDYWINE REALTY TRUST Common 105368203 398 20100 20100 1 20100 0
BROOKDALE LIVING COMMUNITIES Common 112462106 510 34400 34400 1 34400 0
BURLINGTON RESOURCES Common 122014103 65 1500 1500 1 0 1500
CABLETRON SYSTEM Common 126920107 13082 1006300 1006300 1 1001000 5300
CADILLAC FAIRVIEW CORP. Common 126929207 227 12000 12000 1 12000 0
CAMDEN PROPERTY TRUST Common 133131102 483 17417 17417 1 17417 0
CAPITAL AUTOMOTIVE REIT Common 139733109 306 23100 23100 1 23100 0
CASTLE & COOKE INC. Common 148433105 256 14500 14500 1 14500 0
CATELLUS DEVELOPMENT Common 149111106 305 20000 20000 1 20000 0
CATO CORP NEW CL A Common 149205106 11015 947,536 947536 1 890336 57200
CBRL GROUP INC Common 12489v106 11965 691,100 691100 1 691100 0
CCC INFORMATION SVS GRP Common 12487q109 15227 1,182,700 1182700 1 1047300 135400
CENTURY ALUMINUM Common 156431108 11918 1,926,190 1926190 1 1803888 122302
CHECKPOINT SYSTEMS INC Common 162825103 16851 1,885,435 1885435 1 1689835 195600
CHICAGO TITLE CORP Common 168228104 321 9,000 9000 1 9000 0
CHUBB CORP Common 171232101 29162 419,600 419600 1 418300 1300
COLUMBIA ENERGY GROUP Common 197648108 17810 284,100 284100 1 284100 0
COMMERCIAL ASSETS INC Common 201118106 374 64,300 64300 1 64300 0
COMPAQ COMPUTER Common 204493100 18798 793,600 793600 1 793600 0
CONVERGYS CORP Common 212485106 10017 517,000 517000 1 517000 0
CORRECTIONAL PROPERTIES TRUST Common 22025E104 101 6,400 6400 1 6400 0
COVENTRY HEALTHCARE CORP. Common 222862104 25484 2,330,004 2330004 1 2137204 192800
CRESCENT REAL ESTATE EQT CO Common 225756105 249 10,500 10500 1 10500 0
DELPHI AUTOMOTIVE SYSTEMS Common 247126105 9426 509,500 509500 1 509500 0
DELUXE CORP Common 248019101 29381 757,000 757000 1 754600 2400
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 6/30/1999
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- -------- --------- ---------- ----------- -------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
($000) Defined Managers Sole Shared None
------ --------- ------- --------- ---------- ---------- ------- ------- ---------
DOLE FOOD COMPANY Common 256605106 13607 463,200 463200 1 463200 0
DU PONT Common 263534109 14523 212,600 212600 1 211700 900
DURA PHARMACEUTICAL Common 26632S109 10310 863,700 863700 1 859800 3900
EQUITY OFFICE PROPERTIES TRUST Common 294741103 17507 683,200 683200 1 681300 1900
EXCEL LEGACY CORP Common 300665106 50 10,500 10500 1 10500
FEDERATED DEPT STORES Common 31410H101 32096 606,300 606300 1 604400 1900
FELCOR LODGING TRUST Common 31430F101 409 19,700 19700 1 19700 0
FIRST INDUSTRIAL RE TRUST Common 32054K103 310 11,300 11300 1 11300 0
FLANDERS CORP Common 338494107 10221 2,920,200 2920200 1 2573700 346500
FLEMING COMPANIES INC Common 339130106 26107 2,245,761 2245761 1 2079961 165800
FOREST OIL CORP. Common 346091606 29963 2,385,085 2385085 1 2169585 215500
FRANCHISE FINANCE CORP OF AMER Common 351807102 289 13,000 13000 1 13000 0
FREEPORT-MC COPPER B Common 35671D857 48 2,700 2700 1 0 2700
GENERAL GROWTH PROPERTIES Common 370021107 142 4,000 4000 1 4000 0
GENERAL NUTRITION COS Common 37047F103 20359 873,300 873300 1 869000 4300
GLENBOROUGH REALITY TRUST INC. Common 37803P105 420 24,000 24000 1 24000 0
GLIMCHER REALTY TRUST Common 379302102 353 21,550 21550 1 21550 0
GLOBAL MARINE INC Common 379352404 29 1,900 1900 1 0 1900
GREY WOLF INC Common 397888108 2772311,098,174 11098174 1 9800874 1297300
HEALTH MGNT ASSOCIATES INC CL Common 421933102 16293 1,448,300 1448300 1 1446100 2200
HEALTHCARE REALTY TRUST INC Common 421946104 493 23,325 23325 1 23325 0
HEALTHSOUTH CORP Common 421924101 21399 1,438,600 1438600 1 1438600 0
HERSHEY FOODS CORP Common 427866108 14030 236,300 236300 1 236300 0
HEWLETT-PACKARD Common 428236103 15025 149,500 149500 1 148700 800
HMT TECHNOLOGY CORP Common 403917107 6475 2,588,228 2588228 1 2330128 258100
HOST MARROITT CORP Common 44107P104 315 26,500 26500 1 26500 0
HUMANA INC Common 444859102 4819 372,500 372500 1 372500 0
IBP INC Common 449223106 3458 145,600 145600 1 145600 0
IDEXX LABORATORIES INC Common 45168D104 25162 1,079,319 1079319 1 940319 139000
INNOVATIVE CLINICAL SOLUTION Common 45767e107 3440 2,342,311 2342311 1 2103911 238400
INPUT/OUTPUT INC. Common 457652105 9442 1,248,468 1248468 1 1103368 145100
INTEGRATED HEALTH SERV Common 45812C106 13523 1,690,389 1690389 1 1520489 169900
INTERNEURON PHARMACEUTICALS Common 460573108 6284 2,284,992 2284992 1 2055192 229800
ISPAT INTERNATIONAL NV Common 464899103 23389 2,114,286 2114286 1 1976886 137400
JB HUNT Common 445658107 9903 609,420 609420 1 567620 41800
KENNEDY-WILSON INC Common 489399204 358 40,100 40100 1 40100 0
KRANZCO REALTY TRUST Common 50076E103 215 16,200 16200 1 16200 0
LANDSTAR SYSTEM INC. Common 515098101 7167 198,574 198574 1 173674 24900
LIZ CLAIBORNE INC. Common 539320101 15188 416,100 416100 1 416100 0
LOCKHEED MARTIN CORPORATION Common 539830109 16137 433,200 433200 1 432000 1200
LONGVIEW FIBRE CO Common 543213102 19879 1,272,279 1272279 1 1135879 136400
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 6/30/1999
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- -------- --------- ---------- ----------- -------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
($000) Defined Managers Sole Shared None
------ --------- ------- --------- ---------- ---------- ------- ------- ---------
LOUISIANA PAC CORP COM Common 546347105 31 1,300 1300 1 0 1300
LYONDELL CHEMICAL CO. Common 552078107 29486 1,429,614 1429614 1 1425618 3996
MAIL-WELL INC COM Common 560321200 13565 838,000 838000 1 725000 113000
MARINE DRILLING CO INC Common 568240204 13030 951,971 951971 1 871571 80400
MATTEL INC Common 577081102 15437 590,900 590900 1 590900
MCDERMOTT INTL INC Common 580037109 23538 833,200 833200 1 830800 2400
MEDIAONE GROUP INC Common 58440J104 28207 379,250 379250 1 378150 1100
MEDITRUST CORP-PAIRED STOCK Common 58501T306 673 51,500 51500 1 51500 0
MENTOR GRAPHICS CORP Common 587200106 29143 2,274,537 2274537 1 2028037 246500
MGIC INVESTMENT CORP Common 552848103 19294 396,800 396800 1 395700 1100
MID ATLANTIC MEDICAL SVC Common 59523C107 30502 3,088,857 3088857 1 2767257 321600
MYLEX CORP Common 628546103 15908 2,736,852 2736852 1 2500752 236100
NABORS INDUSTRIES INC Common 629568106 25728 1,055,500 1055500 1 1052300 3200
NEW HOLLAND Common N62648105 26 1,500 1500 1 0 1500
NEW PLAN EXCEL REALTY TRUST Common 648053106 54 3,000 3000 1 3000 0
NORTHROP GRUMMAN CORP Common 666807102 19582 295,300 295300 1 294500 800
NUEVO ENERGY CO Common 670509108 10068 759,833 759833 1 689333 70500
OAKLEY INC Common 673662102 22443 3,149,870 3149870 1 2826370 323500
ORACLE CORP Common 68389X105 17467 470,500 470500 1 470500 0
OREGON STEEL MILLS INC Common 686079104 10406 781,681 781681 1 758081 23600
OWENS-ILLINOIS INC Common 690768403 16376 501,000 501000 1 501000 0
PAN PACIFIC RETAIL PPTYS INC Common 69806L104 339 17,500 17500 1 17500 0
PEOPLESOFT INC Common 712713106 9622 557,800 557800 1 557800 0
PEPSICO INC Common 713448108 15154 391,700 391700 1 391000 700
PHELPS DODGE CORP Common 717265102 43 700 700 1 0 700
PHILIPS INTERNATIONAL REALTY Common 718333107 354 21,000 21000 1 21000 0
PHILLIPS VAN HEUSEN Common 718592108 23730 2,372,989 2372989 1 2107589 265400
PICO HOLDINGS INC Common 693366205 1989 78,587 78587 1 47407 31180
PICTURETEL CORP. Common 720035302 21421 2,677,564 2677564 1 2366864 310700
POST PROPERTIES INC Common 737464107 405 9,875 9875 1 9875 0
PRECISION RESPONSE CORP Common 740314109 12778 2,284,423 2284423 1 2024323 260100
PRISON REALTY TRUST INC Common 74264n105 313 31,937 31937 1 31937 0
PROLOGIS TRUST Common 743410102 281 13,900 13900 1 13900 0
PUBLIC STORAGE INC. Common 74460D109 806 28,800 28800 1 28800 0
RECKSON ASSOC REALTY CORP-B Common 75621K304 36 1,500 1500 1 1500 0
REGENCY REALTY CORP Common 758939102 39 1,800 1800 1 1800 0
RISK CAPITAL HOLDINGS INC Common 767711104 12720 942,187 942187 1 886987 55200
RYDER SYSTEM INC. Common 783549108 6141 238,500 238500 1 238500 0
SAFECO CORP Common 786429100 15748 356,900 356900 1 356900 0
SAFETY-KLEEN CORP Common 78648R203 41353 2,281,535 2281535 1 2051235 230300
SANTE FE SNYDER CORP Common 80218K105 20059 2,507,409 2507409 1 2269814 237595
<PAGE>
FORM 13F INFORMATION TABLE
REPORTING MANAGER
Crabbe Huson Group, Inc. 6/30/1999
Item 2 Item 3 Item 4 Item 5 Item 6(B) Item 7 Item 8
------ --------- -------- --------- ---------- ----------- -------------------------
Class CUSIP FMV SHRS Shared Other (A) (B) (C)
($000) Defined Managers Sole Shared None
------ --------- ------- --------- ---------- ---------- ------- ------- ---------
SARA LEE CORP Common 803111103 16001 705,300 705300 1 705300 0
SCHLUMBERGER LTD Common 806857108 23405 367,500 367500 1 366400 1100
SEAGATE TECHNOLOGY INC Common 811804103 7928 309,400 309400 1 307700 1700
SECURITY CAPITAL GROUP-B Common 81413P204 79 5,400 5400 1 5400 0
SENSORMATIC ELECTRONICS Common 817265101 28052 2,012,685 2012685 1 1778885 233800
SEQUENT COMPUTER SYSTEMS Common 817338106 55758 3,141,311 3141311 1 2969511 171800
SILICON GRAPHICS INC Common 827056102 36448 2,225,850 2225850 1 2219050 6800
SILVERLEAF RESORTS INC. Common 828395103 295 45,900 45900 1 45900 0
SIMON PROPERTY GROUP INC Common 828806109 399 15,740 15740 1 15740 0
SMITH INTERNATIONAL INC Common 832110100 10981 252,800 252800 1 251600 1200
SONAT INC Common 835415100 11756 354,900 354900 1 353800 1100
SPIEKER PROPERTIES Common 848497103 233 6,000 6000 1 6000 0
STEWART ENTERPRISES Common 860370105 10773 739,800 739800 1 738100 1700
SUNSTONE HOTEL INVS COM Common 867933103 277 32,600 32600 1 32600 0
TENET HEALTHCARE CORP Common 88033G100 28787 1,550,800 1550800 1 1549000 1800
TENNECO INC NEW Common 88037E101 19711 825,600 825600 1 825600 0
TOM BROWN, INC Common 115660201 9644 619,720 619720 1 552920 66800
TRAMMELL CROW CO Common 89288R106 422 25,700 25700 1 25700 0
TRIZEC HAHN CORPORATION Common 896938107 426 20,900 20900 1 20900 0
UNION PACIFIC RESOURCES Common 907834105 17301 1,060,600 1060600 1 1057800 2800
UNITEDHEALTH GROUP Common 910581107 17980 287,100 287100 1 286200 900
VYSIS INC Common 928961101 1739 463,814 463814 1 463814 0
WABASH NATIONAL CORP Common 929566107 22039 1,137,501 1137501 1 1060701 76800
WARNACO GROUP-CL A Common 934390105 32 1,200 1200 1 0 1200
WATSON PHARMACEUTICALS INC Common 942683103 19498 556,100 556100 1 556100 0
WESTERN GAS RES Common 958259103 12151 759,418 759418 1 738718 20700
WYNDHAM INTERNATIONAL-CL A Common 983101106 151 33,449 33449 1 33449 0
YELLOW CORPORATION Common 985509108 18426 1,038,100 1038100 1 916300 121800
</TABLE>
