ACADIAN ASSET MANAGEMENT INC /MA/
13F-HR, 1999-10-27
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              UNITED STATES
         SECURITIES AND EXCHANGE COMMISSION
         "Washington, D.C. 20549"

              Form 13F

              Form 13F Cover Page

"Report for the Quarter Ended: September 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:           Acadian Asset Management
Address:        Two International Place
         "Boston, Massachusetts 02110"

13F Filer Number:       28-5990

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"
"informaiton 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:           Jennie Gryczka
Title:          Controller
Phone:          617-946-3576
"Signature, Place, and Date of Signing:"
"Jennie Gryczka, Boston, Massachusetts October 22, 1999"

Report type:

[ x ]  13 F HOLDINGS 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 SUMMARY PAGE


Report Summary:
Number of Other Included Managers:  0

Form 13F Information Table Entry Total: 140

Form 13F Information Table Value Total :     136532000
                                                     List of Other Included
Managers:                0

<PAGE>



<TABLE>

<S> <C>  <C>  <C>  <C>  <C>  <C>  <C>  <C>  <C>  <C>  <C>
NAME OF ISSUER     TITLE OF CLASS CUSIP     VALUE (x$1000) SHARES/PRN AMT SH/PRN
    PUT/CALL  INVSTMT DSCRETN     OTHER MANAGERS SOLE SHARED    NONE
ACTEL CORPORATION  COM  00493410  94   4923 SH                       Sole
4923
    0    0
ADAC LABS COM NEW  COM NEW   00531320  96   9777 SH        Sole      9777 0
0
ADOBE SYSTEMS INC  COM  00724F10  761  6707 SH        Sole      6707 0    0
ADVANTA CORP       CL A 00794210  295  20205     SH        Sole      20205
0   0
AETNA INC COMMON   COMMON    00811710  340  6900 SH        Sole      6900 0
0
AGCO               COM  00108410  139  10700     SH        Sole      10700
0   0
AK STEEL HOLDING   COM  00154710  222  12183     SH        Sole      12183
0   0
ALCOA INC ORD      ORD  01381710  919  14800     SH        Sole      14800
0   0
ALLIEDSIGNAL INC   COM  01951210  84   1400 SH        Sole      1400 0    0
ALLSTATE CORPORATION    COM  02000210  781  31300     SH        Sole      31300
0   0
AMERICA ONLINE INC DEL  COM  02364J10  333  3200 SH        Sole      3200 0
0
AMERICA WEST AIRLINES   CL B 02365720  306  17676     SH        Sole      17676
0   0
AMERITECH CORP NEW COM  03095410  1015 15200     SH        Sole      15200
0   0
AMGEN INC          COM  03116210  3227 39600     SH        Sole      39600
0   0
ANHEUSER BUSCH COMP     COMMON    03522910  2964 42300     SH        Sole
4230
0   0    0
APPLE COMPUTER          COM  03783310  5911 93364     SH        Sole      93364
0   0
APPLIED MATLS INC  COM  03822210  218  2800 SH        Sole      2800 0    0
ARMCO INC COM      COM  04217010  131  18663     SH        Sole      18663
0   0
ARVIN INDUSTRIES INC    COM  04333910  61   1957 SH        Sole      1957 0
0
BEAR STEARNS CO         COM  07390210  1426 37107     SH        Sole      37107
0   0
BELDEN INC         COM  07745910  53   2585 SH        Sole      2585 0    0
BELLSOUTH CORP          COMMON    07986010  6336 140800    SH        Sole
1408
00  0    0
BINDLEY WESTIN INDUST   COM  09032410  31   2198 SH        Sole      2198 0
0
BLANCH E W HOLDINGS INC COM  09321010  158  2427 SH        Sole      2427 0
0
BLOCK H & R INC         COM  09367110  81   1865 SH        Sole      1865 0
0
BOEING CO.         COMMON    09702310  2174 51000     SH        Sole      51000
0   0
BORG-WARNER AUTOMOTIVE  COM  09972410  82   1915 SH        Sole      1915 0
0
BRIGGS & STRATTON CORP  COM  10904310  273  4669 SH        Sole      4669 0
0
BRITISH STEEL PLC ADR   ADR  11101530  235  9143 SH        Sole      9143 0
0
BURLINGTON NORTHERN     COMMON    12189T10  1081 39300     SH        Sole
3930
0   0    0
CANANDAIGUA WINE   CL A 13721920  258  4325 SH        Sole      4325 0    0
CENTEX CORP        COM  15231210  424  14329     SH        Sole      14329
0   0
CENTRAL NEWSPAPER INC   CL A 15464710  102  2287 SH        Sole      2287 0
0
CIRCUIT CITY STORE INC  COM  17273710  102  2412 SH        Sole      2412 0
0
CIRCUS CIRCUS ENTERPRISECOM  56256710  397  20098     SH        Sole      20098
0   0
CITIGROUP INC      ORD  17296710  315  7165 SH        Sole      7165 0    0
CLAIRES STORES INC COM  17958410  204  12291     SH        Sole      12291
0   0
COMMONWEALTH EDISON COMPCOMMON    0491110        702  19001     SH        Sole
    19001     0    0
COMPUTER ASSOC INT'L    COMMON    20491210  917  15000     SH        Sole
1500
0   0    0
CONAGRA INC.       COMMON    20588710  156  6900 SH        Sole      6900 0
0
CONSECO INC        COM  20846410  328  17273     SH        Sole      17273
0   0
CONSOLIDATED EDISON CO  COMMON    20911510  1488 35859     SH        Sole
3585
9   0    0
CONTINENTAL AIRLS HOLD  CL B 21079530  183  5600 SH        Sole      5600 0
0
CUMMINS ENGINE INC COM  23102110  45   900  SH        Sole      900  0    0
D R HORTON INC          COM  23331A10  1008 77909     SH        Sole      77909
0   0
DAYTON HUDSON CORP.     COMMON    23975310  228  3800 SH        Sole      3800
0
    0
DELPHI AUTOMOTIVE SYS C COM  24712610  2513 156458    SH        Sole      156458
    0    0
DELTA AIR LINES         COMMON    24736110  4001 82500     SH        Sole
8250
0   0    0
DTE HOLDINGS INC   COMMON    23333110  928  25500     SH        Sole      25500
0   0
F M C CORP         COM NEW   30249130  68   1412 SH        Sole      1412 0
0
FAIRFIELD CMNTYS INC COMCOM  30423130  67   6148 SH        Sole      6148 0
0
FEDERAL HOME LOAN MORTGACOM  31340030  1368 26300     SH        Sole      26300
0   0
FEDERAL NATIONAL MORTGAGCOMMON    31358610  464  7400 SH        Sole      7400
0
    0
FIDELITY NATL FINL INC  COMMON    31632610  341  22422     SH        Sole
2242
2   0    0
FLEMING COMPANIES INC   COM  33913010  383  39000     SH        Sole      39000
0   0
FOOTSTAR INC       COMMON    34491210  88   2508 SH        Sole      2508 0
0
FORD MOTOR CO      COM  34537010  7457 148400    SH        Sole      148400
0   0
FOSSIL INCORPORATED COM COM  34988210  112  4145 SH        Sole      4145 0
0
GAP INC            COM  36476010  3366 105187    SH        Sole      105187
0   0
GENERAL DYNAMICS   COMMON    36955010  50   800  SH        Sole      800  0
0
GENERAL MILLS INC. COMMON    37033410  900  11100     SH        Sole      11100
0   0
GENERAL MTRS CORP  COMMON    37044210  6168 98000     SH        Sole      98000
0   0
GENESCO INC        COMMON    37153210  216  17300     SH        Sole      17300
0   0
GENZYME CORP       COM  37291710  166  3676 SH        Sole      3676 0    0
GEORGIA PACIFIC CORP.   COMMON    37329810  1501 37125     SH        Sole
3712
5   0    0
GOLDEN WEST FINANCIAL   COM  38131710  1130 11494     SH        Sole      11494
0   0
GTECH HOLDINGS CORP     COM  40051810  117  5466 SH        Sole      5466 0
0
GYMBOREE CORPORATION    COM  40377710  34   5004 SH        Sole      5004 0
0
HEWLETT PACKARD CO COMMON    42823610  554  6100 SH        Sole      6100 0
0
IBP INC.      COM  44922310  3082 124822    SH        Sole      124822    0
0
INTEL CORP.        COMMON    45814010  2898 39000     SH        Sole      39000
0   0
INTERNATIONAL BUSINESS MCOMMON  45920010    2735 22600     SH        Sole
2260
0   0    0
INTERVOICE INC COM COM  46114210  133  11982     SH        Sole      11982
0   0
INTIMATE BRANDS CL A    CL A 46115610  5    135  SH        Sole      135  0
0
J.P. MORGAN & CO.  COMMON    61688010  3485 30500     SH        Sole      30500
0   0
K MART CORP.       COMMON    48258410  201  17200     SH        Sole      17200
0   0
K-SWISS INC        CL A 48268610  92   2901 SH        Sole      2901 0    0
KAUFMAN & BROAD HOME CORPCOM 48616810  73   3532 SH        Sole      3532 0
0
KIMBERLY CLARK CORP     COM  49436810  1619 30700     SH        Sole      30700
0   0
KNIGHT RIDDER INC  COM  49904010  250  4549 SH        Sole      4549 0    0
LAFARGE CORP. COMMON STOCK   50586210  341  10655     SH        Sole      10655
0   0
LAKEHEAD PIPE LINE PAR PREF UNIT51155710    64   1491 SH        Sole      1491
0
    0
LATTICE SEMICONDUCTOR   COM  51841510  85   2878 SH        Sole      2878 0
0
LEHMAN BROTHERS HOLDING COM  52490810  8239 141132    SH        Sole      141132
    0    0
LENNAR CORP        COM  52605710  80   5040 SH        Sole      5040 0    0
LEXMARK INTERNATIONAL G CL A 52977110  457  5676 SH        Sole      5676 0
0
LIMITED INC.  COMMON STOCK   53271610  3148 82300     SH        Sole      82300
0   0
LINCARE HOLDINGS INC    COM  53279110  401  15059     SH        Sole      15059
0   0
LOEWS CORP COMMON  COM  54042410  5080 72378     SH        Sole      72378
0   0
LUBRIZOL CORP COM  COM  54927110  168  6558 SH        Sole      6558 0    0
LUCENT TECHNOLOGIES     COMMON    54946310  804  12400     SH        Sole
1240
0   0    0
MERRILL LYNCH CO.  COMMON    59018810  499  7400 SH        Sole      7400 0
0
MICROSOFT CORP          COM  59491810  5923 65400     SH        Sole      65400
0   0
MORGAN STANLEY DEAN WIT COM  61744644  1962 22000     SH        Sole      22000
0   0
MOTOROLA INC.      COMMON    62007610  2860 32500     SH        Sole      32500
0   0
NACCO INDS INC          CLASS A   62957910  312  4462 SH        Sole      4462
0
    0
NIKE INC.          CLASS B   65410610  137  2400 SH        Sole      2400 0
0
NORTHROP CORPORATION    COMMON    66680710  123  1928 SH        Sole      1928
0
    0
PACCAR INC         COM  69371810  1852 36400     SH        Sole      36400
0   0
PAINE WEBBER GROUP COMMON    69562910  4401 121409    SH        Sole      121409
    0    0
PEDIATRIX MED GROUP     COMMON    70532410  50   3639 SH        Sole      3639
0
    0
PHILIP MORRIS COS INS   COMMON    71815410  256  7500 SH        Sole      7500
0
    0
PUBLIC SERVICE ENTERPR  COMMON    74457310  1147 29700     SH        Sole
2970
0   0    0
PULTE CORP         COM  74586710  214  9855 SH        Sole      9855 0    0
QUIKSILVER INC          COMMON    74838C10  107  5887 SH        Sole      5887
0
    0
RATIONAL SOFTWARE C     COM  75409P20  93   3165 SH        Sole      3165 0
0
RES-CARE INC COM   COM  76094310  61   3562 SH        Sole      3562 0    0
REX STORES CORPORATION  COM  76162410  58   1883 SH        Sole      1883 0
0
REYNOLDS R J TOBACCO    COM  76182K10  504  18666     SH        Sole      18666
0   0
ROSS STORES INC  COM  N COMMON    77829610  154  7665 SH        Sole      7665
0
    0
SCHERING PLOUGH CORP.   COMMON    80660510  1082 24800     SH        Sole
2480
0   0    0
SEARS ROEBUCK & CO COMMON    81238710  97   3100 SH        Sole      3100 0
0
SMITHFIELD FOODS INC    COM  83224810  130  4861 SH        Sole      4861 0
0
SOLECTRON CORP          COM  83418210  43   600  SH        Sole      600  0
0
SONIC CORP COM          COM  83545110  65   2135 SH        Sole      2135 0
0
SOUTHWEST AIRLS CO COM  84474110  70   4600 SH        Sole      4600 0    0
SPRINT CORPORATION COM  85206110  618  11400     SH        Sole      11400
0   0
STATION CASINOS INC COM COM  85768910  148  6386 SH        Sole      6386 0
0
SYMANTEC CORP      COM  87150310  696  19358     SH        Sole      19358
0   0
TECUMSEH PRODUCTS CO    CL A 87889520  107  2126 SH        Sole      2126 0
0
TJX COMPANIES INC NEW   COM  87254010  494  17600     SH        Sole      17600
0   0
TOO INC            COM  89033310  211  11757     SH        Sole      11757
0   0
TOPPS INC COM      COM  89078610  121  16136     SH        Sole      16136
0   0
TOYS R US INC.          COMMON    89233510  413  27532     SH        Sole
2753
2   0    0
TRW INC.      COMMON    87264910  65   1300 SH        Sole      1300 0    0
U S HOME CORPORACION    COM  91192010  22   800  SH        Sole      800  0
0
UNITED GLOBAL COMMUNIC  CL A 91324750  19   272  SH        Sole      272  0
0
UNITED HEALTHCARE CORP  COM  91058110  229  4700 SH        Sole      4700 0
0
UNITED STATIONERS INC   COM  91300410  178  8359 SH        Sole      8359 0
0
UNITED TECHNOLOGIES CORPCOMMON    91301710  214  3600 SH        Sole      3600
0
    0
UNIVERSAL CORPORACION V COM  91345610  141  5406 SH        Sole      5406 0
0
USFREIGHTSWAYS CORP COM COM  91690610  331  6977 SH        Sole      6977 0
0
VALUEVISION CLA CLA     CLA  92047K10  364  14004     SH        Sole      14004
0   0
VASTAR RESOURCES COMMON COMMON    92238010  963  15391     SH        Sole
1539
1   0    0
VORNADO RLTY TR SH BEN  BEN INT   92904210  93   2855 SH        Sole      2855
0
    0
WAL MART STORES INC     COMMON    93114210  6421 135000    SH        Sole
1350
00  0    0
WASHINGTON FEDERAL INC  COM  93882410  126  5453 SH        Sole      5453 0
0
WELLPOINT HEALTH NETWO  CL A 94973H10  117  2053 SH        Sole      2053 0
0
WERNER ENTERPRISES INC  COM  95075510  43   2413 SH        Sole      2413 0
0
WORLD COLOR PRESS INC   COMMON    98144310  82   2199 SH        Sole      2199
0
    0
</TABLE>



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