UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calender Quarter Ended: September 30, 1999
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [X] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Valenzuela Capital Partners LLC
Address: 1270 Avenue of the Americas
Suite 508
New York, NY 10020
13F File Number: 28-3157
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, list, and tables, are considered integral parts of
this form.
Person Signing this Report on behalf of Reporting Manager:
Name: Sandra A. Jerro
Title: Vice President of Client Administration
Phone: 212-332-8590
Signature, Place, and Date of Signing:
Sandra A. Jerro New York City, NY December 6, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
list of Other Managers Reporting for this Manager:
None.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMERY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 83
Form 13F Information Table Value Total: 1,722,681
List of Other Included Managers:
None
<PAGE>
<TABLE>
FORM 13F
INFORMATION TABLE
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---
- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
3Com Corp com 885535104 30329 1054916 SH
SOLE 484916 570000
AXA Fin/Equitable com 002451102 25467 456300 SH
SOLE 195800 260500
Adaptec Inc com 00651F108 54982 1385364 SH
SOLE 542664 842700
Advanced Energy Indus com 007973100 355 11500 SH
SOLE 1700 9800
Air Express Int'l Corp com 009104100 411 18100 SH
SOLE 3800 14300
Amerada Hess Corp com 023551104 68760 1122619 SH
SOLE 440219 682400
American Mgt Systems com 027352103 36047 1405000 SH
SOLE 551800 853200
Apria Healthcare Grp com 037933108 41954 2504691 SH
SOLE 962591 1542100
Ardent Software Inc com 039794102 517 19200 SH
SOLE 2800 16400
Arvin Industries Inc com 043339100 399 12900 SH
SOLE 1900 11000
Avery Dennison Corp com 053611109 50914 965196 SH
SOLE 379596 585600
Avis Rent A Car Inc com 053790101 236 11300 SH
SOLE 1700 9600
BJ's Wholesale Club com 05548J106 34015 1150600 SH
SOLE 466800 683800
BMC Software Inc com 055921100 94993 1327409 SH
SOLE 513609 813800
Baker Hughes Inc com 057224107 44744 1542891 SH
SOLE 633491 909400
CVS Corporation com 126650100 34965 856716 SH
SOLE 348900 507816
Cabletron Systems Inc com 126920107 35190 2243189 SH
SOLE 870289 1372900
Cabot Oil & Gas Corp com 127097103 376 21800 SH
SOLE 3200 18600
Charter One Financial com 160903100 27828 1203376 SH
SOLE 457828 745548
Church & Dwight Co com 171340102 737 29500 SH
SOLE 4400 25100
Comverse Tech com 205862402 36059 382339 SH
SOLE 153089 229250
Conoco Inc Cl B com 208251405 73765 2694598 SH
SOLE 1057598 1637000
Consolidated Stores com 210149100 53482 2424134 SH
SOLE 982453 1441681
Cooper Cameron Corp com 216640102 8539 226200 SH
SOLE 117600 108600
Data Broadcasting Corp com 237596101 277 36600 SH
SOLE 7500 29100
Don Lufkin & Jenrette com 257661108 20058 507000 SH
SOLE 193200 313800
Dril-Quip Inc com 262037104 441 17300 SH
SOLE 2600 14700
Engelhard Corp com 292845104 44834 2456648 SH
SOLE 962848 1493800
Federal Mogul Corp com 313549107 30159 1094200 SH
SOLE 414500 679700
Federated Dep Stores com 31410H101 43927 1005489 SH
SOLE 390389 615100
Fritz Companies Inc com 358846103 16877 1626700 SH
SOLE 461500 1165200
Furniture Brands Intl Inc com 360921100 348 17700 SH
SOLE 2400 15300
Geon Company com 37246W105 505 19600 SH
SOLE 2900 16700
Golden State Bancorp com 381197102 12133 676400 SH
SOLE 178800 497600
Hambrecht & Quist com 406545103 268 5500 SH
SOLE 800 4700
Hilb Rogal & Hamilton com 431294107 223 8900 SH
SOLE 1300 7600
Houghton Mifflin Co com 441560109 45303 1115158 SH
SOLE 447758 667400
Hutchinson Technology com 448407106 391 14500 SH
SOLE 2200 12300
Investors Fin'l Services com 461915100 247 7200 SH
SOLE 1100 6100
J P Morgan & Co Inc com 616880100 24918 218100 SH
SOLE 92500 125600
K-Swiss Inc com 482686102 417 13200 SH
SOLE 2000 11200
KEMET Corp com 488360108 566 17700 SH
SOLE 2600 15100
Leggett & Platt Inc com 524660107 53539 2719433 SH
SOLE 1077133 1642300
Lydall Inc com 550819106 2955 286500 SH
SOLE 102700 183800
Lynx Therapeutics Inc com 551812308 314 27900 SH
SOLE 4100 23800
Mead Corporation com 582834107 45990 1337900 SH
SOLE 531600 806300
NCR Corporation com 62886E108 31647 957200 SH
SOLE 383300 573900
Nat Semiconductor Corp com 637640103 25855 845967 SH
SOLE 344167 501800
Newell Rubbermaid Inc com 651229106 40051 1402211 SH
SOLE 542711 859500
Office Depot Inc com 676220106 14803 1409775 SH
SOLE 463275 946500
Owens & Minor Inc com 690732102 16365 1700250 SH
SOLE 617950 1082300
Payless Shoesource Inc com 704379106 39758 787282 SH
SOLE 325582 461700
Polymer Group Inc com 731745105 326 22100 SH
SOLE 3300 18800
Pope & Talbot com 732827100 532 43000 SH
SOLE 6300 36700
Price (T Rowe) Assoc com 741477103 19859 723800 SH
SOLE 286900 436900
Providian Fin'l Corp com 74406A102 39652 500738 SH
SOLE 193438 307300
R&B Falcon Corp com 74912E101 853 65000 SH
SOLE 65000
Roslyn Bancorp Inc com 778162107 270 15100 SH
SOLE 2200 12900
Rowan Companies com 779382100 1170 72000 SH
SOLE 72000
Ruby Tuesday Inc com 781182100 441 22600 SH
SOLE 3300 19300
Santa Fe Snyder Corp com 80218K105 445 49400 SH
SOLE 7300 42100
Scholastic Corp com 807066105 385 7700 SH
SOLE 1100 6600
Solutia Inc com 834376105 28984 1621500 SH
SOLE 565600 1055900
Spiegel Inc com 848457107 336 33200 SH
SOLE 4800 28400
Superior Energy Services com 868157108 499 79100 SH
SOLE 14500 64600
Superior Industries Int'l com 868168105 364 13000 SH
SOLE 1900 11100
Symix Systems Inc com 871535100 297 27800 SH
SOLE 4100 23700
TJX Companies Inc com 872540109 32589 1161293 SH
SOLE 483193 678100
Tasty Baking Co com 876553306 224 19300 SH
SOLE 3500 15800
Teltrend Inc com 87969R106 375 18500 SH
SOLE 2700 15800
Tupperware Corp com 899896104 522 25800 SH
SOLE 3800 22000
US Trust Corp com 91288L105 241 3000 SH
SOLE 400 2600
Unisys Corp com 909214108 75451 1672041 SH
SOLE 653341 1018700
Universal Health ClB com 913903100 28641 1106891 SH
SOLE 430391 676500
Valassis Comm com 918866104 68281 1554046 SH
SOLE 619646 934400
Value City Dept Stores com 920387107 465 31000 SH
SOLE 4600 26400
Vishay Intertechnology com 928298108 43543 1833369 SH
SOLE 705369 1128000
WLR Foods Inc com 929286102 342 49700 SH
SOLE 7300 42400
Waddell & Reed Fin com 930059100 366 16500 SH
SOLE 3700 12800
Whirlpool Corp com 963320106 40873 625800 SH
SOLE 261600 364200
Willamette Industries com 969133107 27117 628803 SH
SOLE 246003 382800
Zoran Corporation com 98975F101 328 12100 SH
SOLE 1700 10400
i2 Technologies Inc com 465754109 40677 1048044 SH
SOLE 410344 637700
</TABLE>
