UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
"Washington, DC 20549"
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: December 31, 1999
Check here if Amendment: [ ]
This Amendment [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Advisory Research, Inc.
Address: 180 North Stetson, Suite 5780
Chicago, IL 60601
13F File Number: 28-6596
The insitutional 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 the Reporting Manager:
Name: David B. Heller
Title: President
Phone: 312-565-1414
Signature, Place and Date of Signing:
David B. Heller, President Chicago, Illinois March 13, 2000
Report Type:
[X] 13F HOLDINGS REPORT. Securities with an aggregate market value
of $200,000 and above are reported in this report.
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
FORM 13F SUMMARY PAGE
ADVISORY RESERCH INC.
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 115
Form 13F Information Table Total Value: $344,035 (Rounded to
nearest $1,000)"
List of Other Managers:
NONE - COLUMN 7 OF INFORMATION TABLE HAS THUS BEEN OMITTED.
<PAGE>
<TABLE>
ADVISORY RESEARCH INC, FORM 13F INFORMATION TABLE
<S> <C> <C> <C> <C> <C>
TITLE
NAME OF ISSUER CLASS CUSIP VALUE(K) SH/P INV DSC
A C MOORE COMMON 00086T103 704 121100 SOLE
ALLIANCE BANC COMMON 01852J105 925 50000 SOLE
AMERICAN INTL COMMON 026874107 2488 23012 SOLE
ANIXTER INTL COMMON 035290105 10185 493800 SOLE
APACHE CORP COMMON 037411105 306 8281 SOLE
APRTMNT INV MGMT CL A 03748R101 5027 126255 SOLE
ARCH CHEMICALS COMMON 03937R102 209 10000 SOLE
AT&T CORP COMMON 001957109 286 5629 SOLE
ATCHISON CASTING COMMON 046613105 719 78800 SOLE
BANK OF AMERICA COMMON 060505104 974 19414 SOLE
BEAZER HOMES COMMON 07556Q105 576 29900 SOLE
BELL MICROPRODUCTS COMMON 078137106 6278 570725 SOLE
BERKSHIRE HATHAWAY CL B 084670207 220 120 SOLE
BERKSHIRE HATHAWAY CL A 084670108 281 5 SOLE
BHC COMMUNICATIONS COMMON 055448104 1621 10132 SOLE
BINDLEY WESTN INDS COMMON 090324104 11360 754211 SOLE
BLAIR CORP COMMON 092828102 5355 382510 SOLE
BLOCK DRUG CL A 093644102 1683 54290 SOLE
BOCA RESORTS CL A 09688T106 5330 546700 SOLE
BOISE CASCADE COMMON 097383103 4921 121503 SOLE
BP AMOCO P L DEP RPT 055622104 290 4894 SOLE
BRISTOL MYERS COMMON 110122108 280 4362 SOLE
BROOKLINE BANCORP COMMON 113739106 4628 474700 SOLE
BURLINGTON COAT COMMON 121579106 1285 92600 SOLE
CAPITAL TRUST COMMON 14052H100 1211 242200 SOLE
CAROLINA PWR< COMMON 144141108 221 7267 SOLE
CENTURY ALUM COMMON 156431108 1238 82500 SOLE
CHARMING SHOPPES COMMON 161133103 16033 2420000 SOLE
CHRIS CRAFT COMMON 170520100 11473 159071 SOLE
CISCO SYS COMMON 17275R102 552 5152 SOLE
CITIGROUP COMMON 172967101 881 15818 SOLE
CITIZENS UTILS CL B 177342201 27614 1946387 SOLE
COCA COLA CO COMMON 191216100 214 3674 SOLE
COMMUNITY SVGS BK COMMON 204037105 3156 251200 SOLE
COX COMMUNICATIONS CL A 224044107 206 4000 SOLE
DELL COMPUTER COMMON 247025109 350 6857 SOLE
DELTIC TIMBER COMMON 247850100 3329 152200 SOLE
DUKE ENERGY COMMON 264399106 260 5189 SOLE
EMERSON ELEC COMMON 291011104 238 4141 SOLE
ENHANCE FINL COMMON 293310108 3417 210300 SOLE
EQUITY RES PPTYS COMMON 29476L107 888 20812 SOLE
EQUITY RES PPTYS CONV E 29476L883 3332 141050 SOLE
EVERGREEN RES INC COMMON 299900308 16835 852381 SOLE
EXXON MOBIL CORP COMMON 30231G102 561 6964 SOLE
FEDERAL AGRIC MTG CL C 313148306 2322 115000 SOLE
FEDERAL NATL MTG COMMON 313586109 242 3874 SOLE
FINISH LINE INC CL A 317923100 3991 734000 SOLE
FIRST NORTHN CAP COMMON 335832101 1558 161900 SOLE
FPL GROUP INC COMMON 302571104 226 5268 SOLE
FRIEDMANS INC CL A 358438109 906 120800 SOLE
GAP INC DEL COMMON 364760108 217 4722 SOLE
GENERAL CIGAR CL A 36933P100 1459 175500 SOLE
GENERAL ELEC COMMON 369604103 2102 13580 SOLE
GENERAL MLS COMMON 370334104 242 6761 SOLE
GREY WOLF INC COMMON 397888108 316 110000 SOLE
GULF CDA RES COMMON 40218L305 1563 463000 SOLE
HARDINGE INC COMMON 412324303 907 69400 SOLE
HECTOR COMM COMMON 422730101 360 25700 SOLE
HEWLETT PACK COMMON 428236103 318 2795 SOLE
IBM COMMON 459200101 509 4722 SOLE
JEFFERIES GRP COMMON 472319102 9005 409300 SOLE
JOHNSON & JOHNSON COMMON 478160104 351 3759 SOLE
JR CIGAR COMMON 282491109 496 57100 SOLE
KEY PRODTN COMMON 493138101 2743 365700 SOLE
LAZARE KAPLAN COMMON 521078105 386 47500 SOLE
LUCENT TECH COMMON 549463107 380 5061 SOLE
MAF BANCORP COMMON 55261R108 7901 377357 SOLE
MARQUETTE NATL COMMON 571998103 983 1500 SOLE
MARSH & MCLENNAN COMMON 571748102 213 2221 SOLE
MARSHALL & ILSLEY COMMON 571834100 3005 47847 SOLE
MCI WORLDCOM COMMON 55268B106 527 9937 SOLE
MERCK & CO COMMON 589331107 585 8702 SOLE
MICROSOFT COMMON 594918104 600 5142 SOLE
MINNESOTA MNG COMMON 604059105 385 3929 SOLE
MONRO MUFFLER COMMON 610236101 424 56500 SOLE
MONY GROUP COMMON 615337102 15265 523000 SOLE
MORGAN J P COMMON 616880100 1031 8144 SOLE
MOTOROLA INC COMMON 620076109 433 2938 SOLE
NETWORK EQUIP COMMON 641208103 5955 504100 SOLE
NORTHERN TR COMMON 665859104 598 11278 SOLE
OFFICEMAX COMMON 67622M108 2788 512800 SOLE
ORACLE CORP COMMON 68389X105 485 4324 SOLE
PBOC HLDGS INC COMMON 69316G108 2977 315400 SOLE
PENNACO ENERGY COMMON 708046107 6795 849400 SOLE
PFIZER INC COMMON 717081103 374 11528 SOLE
PICO HLDGS COMMON 693366205 2089 169700 SOLE
PLAINS RESOURCES COMMON 726540503 8039 643100 SOLE
PRICE COMMUN. COMMON 741437305 11718 421327 SOLE
PRIMA ENERGY COMMON 741901201 505 21000 SOLE
PRIORITY HEALTH CL B 74264T102 3044 105194 SOLE
PROCTER & GAMBLE COMMON 742718109 383 3497 SOLE
QLT PHOTOTHERA COMMON 746927102 353 6000 SOLE
RCN CORP COMMON 749361101 6640 136900 SOLE
ROYAL DUTCH PETE COMMON 780257804 267 4415 SOLE
RURAL CELLULAR CL A 781904107 17095 188900 SOLE
SBC COMMUN COMMUN COMMON 78387G103 422 8663 SOLE
SCHNITZER STL CL A 806882106 3943 207500 SOLE
SCHWAB CHARLES COMMON 808513105 1223 31979 SOLE
SEACOAST FINL COMMON 81170Q106 2328 228500 SOLE
SPDR TR UNIT SER 1 78462F103 5705 38840 SOLE
STIFEL FINL COMMON 860630102 1540 155961 SOLE
SUN MICROSYS COMMON 866810104 546 7050 SOLE
TBC CORP COMMON 872180104 1661 265700 SOLE
TELECORP PCS CL A 879299105 12502 329000 SOLE
TIMES MIRROR COMMON 887364107 346 5161 SOLE
TIMKEN CO COMMON 887389104 4211 206048 SOLE
TRIBUNE CO COMMON 896047107 1226 22274 SOLE
TRITON PCS CL A 89677M106 1115 24500 SOLE
U S WEST INC COMMON 91273H101 210 2920 SOLE
UNITRIN INC COMMON 913275103 489 13000 SOLE
URBAN SHOPPING COMMON 917060105 1628 60000 SOLE
VIRGINIA CAP COMMON 927758102 2620 162500 SOLE
WELLSFORD REAL PPT COMMON 950240101 8043 946250 SOLE
WESTERFED FINL COMMON 957550106 244 16000 SOLE
WILEY JOHN CL A 968223206 4037 241000 SOLE
TOTAL 344035 21354474
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