United States
Securities and Exchange Commission
Washington, DC 20549
Form 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: June 30, 1999
Institutional Investment Manager Filing this Report:
Name: Lockheed Martin Investment Management Company
6705 Rockledge Drive
Suite 550
Bethesda, MD 20817
13F File Number #28-2847
Person signing this report on behalf of reporting manager:
Name: Wayne H. Shaner
Title: Vice President
Phone: (301) 571-7127
Signature, Place, and Date of Signing:
Wayne H. Shaner Bethesda, MD July 29, 1999
Report Type: 13F Holdings Report
List of other managers reporting for this manager:
I am signing this report as required by the Securities Exchange Act of 1934.
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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>
ACE Limited COM G0070K103 1130 40000 SH SOLE 40000
AGCO Corporation COM 001084102 4808 425000 SH SOLE 425000
ASA Ltd. COM 002050102 6074 364000 SH SOLE 364000
AT&T Corporation COM 001957109 1395 25000 SH SOLE 25000
Alleghany Corporation COM 017175100 1510 8160 SH SOLE 8160
Anglo American PLC ADR COM 03485P102 1403 29372 SH SOLE 29372
Anglogold Limited Sponsored AD COM 035128206 17587 818002 SH SOLE 818002
Apache Corporation COM 037411105 19383 497002 SH SOLE 497002
Asarco COM 043413103 13545 720000 SH SOLE 720000
Battle Mountain Gold Co. COM 071593107 1515 621500 SH SOLE 621500
Berkshire Hathaway Inc. Cl B COM 084670207 22624 10100 SH SOLE 10100
Bethlehem Steel COM 087509105 13272 1726400 SH SOLE 1726400
Birmingham Steel COM 091250100 3473 817200 SH SOLE 817200
Boeing Company COM 097023105 17380 395000 SH SOLE 395000
Borden Chemical and Plastic COM 099541203 6555 920000 SH SOLE 920000
Chubb Corp. COM 171232101 2085 30000 SH SOLE 30000
Cleveland-Cliffs Inc. COM 185896107 12400 383000 SH SOLE 383000
Coeur D Alene Mines Corp. COM 192108108 1669 360966 SH SOLE 360966
Compaq Computer Corp COM 204493100 7817 330000 SH SOLE 330000
Consolidated Paper COM 209759109 1337 50000 SH SOLE 50000
Cott Corporation COM 22163n106 1812 500000 SH SOLE 500000
Cyprus Amax Minerals COM 23281P106 7750 508200 SH SOLE 508200
Detroit Diesel COM 250837101 18267 741800 SH SOLE 741800
Dow Jones & Company, Inc. COM 260561105 1061 20000 SH SOLE 20000
Esg Re Limited COM g31215109 825 55000 SH SOLE 55000
Federal Realty Investment Trus COM 313747206 2294 100000 SH SOLE 100000
Fleetwood Enterprises COM 339099103 23397 885000 SH SOLE 885000
Ford Motor Company COM 345370100 15238 270000 SH SOLE 270000
Freeport-McMoRan Copper & Gold COM 35671D105 2182 130274 SH SOLE 130274
Global Industrial Technology COM 455905109 6748 559400 SH SOLE 559400
Gold Field Limited New, ADR COM 38059t106 430 125056 SH SOLE 125056
Halliburton COM 261597108 18118 400400 SH SOLE 400400
Hecla Mining Co. COM 422704106 1212 587600 SH SOLE 587600
Hecla Mining Preferred Conv. COM 422704205 1477 50500 SH SOLE 50500
Helmerich & Payne Inc. COM 423452101 20906 884900 SH SOLE 884900
Hillenbrand Industries COM 431573104 1514 35000 SH SOLE 35000
Homestake Mining Co. COM 437614100 17719 2164130 SH SOLE 2164130
Horace Mann COM 440327104 1631 60000 SH SOLE 60000
Hubbell Inc. Cl B COM 443510201 1815 40000 SH SOLE 40000
Hughes Electronics Corp. COM 370442832 2816 50000 SH SOLE 50000
IMC Global, Inc. COM 449669100 6081 350000 SH SOLE 350000
Imperial Chemical - ADR COM 452704505 7552 190000 SH SOLE 190000
Imperial Oil COM 453038408 15747 831500 SH SOLE 831500
Intermet COM 45881K104 1815 120000 SH SOLE 120000
Intl Game Technology COM 459902102 10175 550000 SH SOLE 550000
J.P. Morgan & Company COM 616880100 3021 21500 SH SOLE 21500
Kerr McGee Corp. COM 492386107 647 12900 SH SOLE 12900
Kinross Gold Corp. COM 496902107 519 307508 SH SOLE 307508
Koninklijke Philips Electronic COM 500472204 1856 18400 SH SOLE 18400
LTV Corporation COM 501921100 10110 1526000 SH SOLE 1526000
Leucadia National Corp COM 527288104 1015 40000 SH SOLE 40000
Loew's Corporation COM 540424108 22155 280000 SH SOLE 280000
Longview Fibre Company COM 543213102 7586 485500 SH SOLE 485500
Louisiana-Pacific Corporation COM 546347105 24269 1016500 SH SOLE 1016500
Mandalay Resort Group COM 562567107 19387 915000 SH SOLE 915000
Markel Corporation COM 570535104 1496 8000 SH SOLE 8000
Merck & Co. COM 589331107 7362 100000 SH SOLE 100000
Meridian Gold Inc. COM 302494109 2172 469600 SH SOLE 469600
Mesabi Trust COM 590672101 469 150000 SH SOLE 150000
Mirage Resorts Inc. COM 60462e104 5610 334900 SH SOLE 334900
Mississippi Chemical Corp. COM 605288208 6276 639600 SH SOLE 639600
Mitchell Energy Cl B non-vtg. COM 606592301 836 45500 SH SOLE 45500
Murphy Oil COM 626717102 9704 198800 SH SOLE 198800
Newmont Mining Corp. COM 651639106 17568 883944 SH SOLE 883944
Northrop Grumman Corp. COM 666807102 14920 225000 SH SOLE 225000
Old Republic International COM 680223104 16966 980000 SH SOLE 980000
Overseas Shipholding Group COM 690368105 888 68300 SH SOLE 68300
Panamsat Corp. COM 697933109 973 25000 SH SOLE 25000
Phillip Morris Cos. COM 718154107 2813 70000 SH SOLE 70000
Phillips Petroleum Co. COM 718507106 16402 326000 SH SOLE 326000
Placer Dome, Inc. COM 725906101 13307 1132500 SH SOLE 1132500
Pope & Talbot COM 732827100 6190 513200 SH SOLE 513200
Potlatch Corp COM 737628107 12175 277100 SH SOLE 277100
Qwest Communications Intl COM 749121109 827 25000 SH SOLE 25000
Rio Tinto Plc-Spon. ADR COM 767204100 4775 71000 SH SOLE 71000
Roadway Express Inc. COM 769742107 1937 100000 SH SOLE 100000
Rowan Companies Inc. COM 779382100 20166 1105000 SH SOLE 1105000
Royal Gold Inc. COM 780287108 1369 300000 SH SOLE 300000
SAFECO Corp. COM 786429100 18974 430000 SH SOLE 430000
San Juan Basin Rty Trust Unit COM 798241105 1710 210500 SH SOLE 210500
Saul Centers Inc. COM 804395101 1567 95000 SH SOLE 95000
St. Paul Companies COM 792860108 9544 300000 SH SOLE 300000
Timken Company COM 887389104 4875 250000 SH SOLE 250000
UICI COM 902737105 1519 55000 SH SOLE 55000
UST Inc. COM 902911106 1466 50000 SH SOLE 50000
USX Marathon Group COM 902905827 1403 43100 SH SOLE 43100
USX-U.S. Steel Group COM 90337T101 17782 658600 SH SOLE 658600
Union Carbide Corporation COM 905581104 2681 55000 SH SOLE 55000
Union Pacific Resources Group COM 907834105 16622 1019000 SH SOLE 1019000
Valero Energy Corp COM 91913y100 10202 475900 SH SOLE 475900
Washington Federal Inc. COM 938824109 449 20000 SH SOLE 20000
XL Capital LTD - CL A COM 982551056 7062 125000 SH SOLE 125000
Coeur D Alene Mines Corp. 6.00 CONV 420799 812 1450000 PRN SOLE 1450000
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