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, 2000
Institutional Investment Manager Filing this Report:
Name: Valenzuela Capital Partners, LLC.
Address: 1270 Avenue of the Americas
Suite 508
New York, N.Y. 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, lists, 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 - Client Administration
Phone: 212-332-8592
Signature, Place, and Date of Signing:
Sandra A Jerro New York, New York April 4, 2000
Report Type: 13F HOLDINGS REPORT.
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: 0
Form 13F Information Table Entry Total: 77
Form 13F Information Table Value Total: 777,505
List of Other Included Managers:
0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
<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>
AXA Fin/Equitable com 002451102 9604 267700 SH SOLE 212900 54800
Adaptec Inc com 00651F108 433 11222 SH SOLE 10795 427
Advanced Energy Indus com 007973100 494 9678 SH SOLE 1478 8200
Amerada Hess Corp com 023551104 22165 342973 SH SOLE 272569 70404
Apria Healthcare Grp com 037933108 20338 1408684 SH SOLE 1095386 313298
Arrow Electronics Inc com 042735100 27527 780899 SH SOLE 611480 169419
Avery Dennison Corp com 053611109 16311 267115 SH SOLE 211539 55576
BJ's Wholesale Club com 05548J106 17334 451700 SH SOLE 364000 87700
BMC Software Inc com 055921100 23150 468865 SH SOLE 371006 97859
BMCMedia.com Ltd com 55 17500 SH SOLE 17500
Banyan Systems Inc com 066908104 414 23557 SH SOLE 5057 18500
Bestfoods Company com 08658U101 13445 287200 SH SOLE 226600 60600
Cabletron Systems Inc com 126920107 11894 404900 SH SOLE 307900 97000
Cabot Oil & Gas Corp com 127097103 401 22196 SH SOLE 3396 18800
Calpine Corp com 131347106 8780 93403 SH SOLE 64741 28662
Caminus Corp com 133766105 467 23333 SH SOLE 5493 17840
Century Aluminum Co com 156431108 412 30000 SH SOLE 4475 25525
Church & Dwight Co com 171340102 1251 72800 SH SOLE 45700 27100
Consolidated Stores com 210149100 20385 1792111 SH SOLE 1385112 406999
Cooper Cameron Corp com 216640102 4300 64300 SH SOLE 64300
Cypress Semiconductor com 232806109 24561 501245 SH SOLE 399252 101993
Don Lufkin & Jenrette com 257661108 11335 219040 SH SOLE 172740 46300
Dow Jones & Co com 260561105 26384 367397 SH SOLE 290974 76423
Dynegy Inc Cl A com 26816Q101 26621 424316 SH SOLE 337033 87283
Eltek Limited com M40184109 194 45600 SH SOLE 6963 38637
Engelhard Corp com 292845104 8293 548300 SH SOLE 432900 115400
Everest Re Group Ltd com G3223R108 533 16326 SH SOLE 3576 12750
Federated Dep Stores com 31410H101 19378 458642 SH SOLE 357312 101330
Forward Air Corp com 349853101 508 21451 SH SOLE 3176 18275
Franklin Resources Inc com 354613101 21512 643355 SH SOLE 510913 132442
Fritz Companies Inc com 358846103 6635 655296 SH SOLE 352133 303163
Gen Semiconductor Inc com 370787103 610 35390 SH SOLE 6340 29050
Geon Company com 37246W105 1460 67908 SH SOLE 49458 18450
Global Industries Ltd com 379336100 769 52582 SH SOLE 11005 41577
Global Marine Inc com 379352404 24857 979584 SH SOLE 778311 201273
Hartford Financial Svcs com 416515104 16819 318852 SH SOLE 252252 66600
Hilb Rogal & Hamilton com 431294107 244 8929 SH SOLE 1329 7600
Houghton Mifflin Co com 441560109 31365 739091 SH SOLE 574058 165033
Investors Fin'l Services com 461915100 804 13656 SH SOLE 2087 11569
KEMET Corp com 488360108 494 7818 SH SOLE 1718 6100
Leggett & Platt Inc com 524660107 19743 918300 SH SOLE 727800 190500
Level 8 Systems Inc com 52729M102 334 7147 SH SOLE 1097 6050
LifePoint Hospitals com 53219L109 1243 74779 SH SOLE 41554 33225
Marshall & Ilsley Corp com 571834100 13944 241451 SH SOLE 192394 49057
Mead Corporation com 582834107 9126 261200 SH SOLE 201400 59800
Nat'l Discount Brokers com 635646102 590 11955 SH SOLE 3015 8940
Network Associates Inc com 640938106 20718 642426 SH SOLE 508539 133887
Noble Affiliates Inc com 654894104 18106 551793 SH SOLE 428272 123521
Objective Sys Integrator com 674424106 477 31418 SH SOLE 4948 26470
Ocean Energy Inc com 67481E106 18820 1309244 SH SOLE 1040743 268501
Owens & Minor Inc com 690732102 4510 424461 SH SOLE 294261 130200
PNC Financial Svc Grp com 693475105 16706 370732 SH SOLE 296232 74500
Photronics Inc com 719405102 481 13611 SH SOLE 2030 11581
Pinnacle Systems Inc com 723481107 813 24466 SH SOLE 3666 20800
Precision Castparts com 740189105 519 14212 SH SOLE 3112 11100
Price (T Rowe) Assoc com 741477103 6648 168294 SH SOLE 167867 427
R&B Falcon Corp com 74912E101 10143 515218 SH SOLE 406918 108300
Rohm & Haas Company com 775371107 16783 376082 SH SOLE 298240 77842
Rowan Companies com 779382100 600 20383 SH SOLE 3115 17268
Santa Fe Snyder Corp com 80218K105 703 74026 SH SOLE 11376 62650
Scholastic Corp com 807066105 589 10925 SH SOLE 1795 9130
Sino-i.com Ltd com 18 185000 SH SOLE 185000
Symix Systems Inc com 871535100 558 27899 SH SOLE 4199 23700
Triad Hospitals Inc com 89579K109 1080 64467 SH SOLE 30294 34173
Triton Energy Ltd com G90751101 15644 446180 SH SOLE 352180 94000
Tupperware Corp com 899896104 409 25851 SH SOLE 3851 22000
US Trust Corp com 91288L105 683 3610 SH SOLE 710 2900
Unisys Corp com 909214108 14804 576303 SH SOLE 457923 118380
Universal Health ClB com 913903100 33125 676026 SH SOLE 527987 148039
Valassis Comm com 918866104 23167 695439 SH SOLE 542714 152725
Vishay Intertechnology com 928298108 21651 389235 SH SOLE 305709 83526
Waddell & Reed Fin com 930059100 10375 245201 SH SOLE 181952 63249
Weatherford Int'l com 947074100 20084 343310 SH SOLE 271501 71809
Westell Technologies com 957541105 519 16281 SH SOLE 2478 13803
Willamette Industries com 969133107 24691 615353 SH SOLE 487660 127693
Williams Companies Inc com 969457100 25382 577676 SH SOLE 458183 119493
Wit Capital Group Inc com 97737K309 1183 69092 SH SOLE 37114 31978
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