UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE QUARTER ENDED: MARCH 31, 1999
Report for the Calendar Year or Quarter Ended March, 1999
(Please read instructions before preparing form.)
If amended report check here: [ ]; Amendment Number:
This Amendemnt (Check only one): [ ] is a restatement
[ ] adds new holding entries.
Institutional Investment Manager filing this Report:
Name: Wafra Investment Advisory Group, Inc.
Address: 345 Park Avenue, 41st Floor, New York, NY 10154-
0101
13F File Number: 28-4268
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that that the person
signing this 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
the Form.
Person signing this Report on Behalf of Reporting Manager:
Name: Anthony G. Barbuto
Title: Chief Financial Officer
Phone: 212 759-3700
Signature, Place, and Date of Signing:
Anthony G. Barbuto New York, New York April 14, 1999
Report Type (Check only one.):
[ X ] 13 F Holdings Report
[ ] 13 F Notice
[ } 13 F Combination Report
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIIES EXCHANGE
ACT OF 1934
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other included Managers: 0
Form 13F Information Table Entry Total 184
Form 13F Information Table Value Total: $442,132
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FORM 13F (SEC USE ONLY)
03/31/1999
Name of Reporting Manager
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4:
Item 5:
Investment Discretion Item 7: Voting Authority Shares
Title Fair
Shares of
(a) Sole (b) Shared- (c) Shared- Managers
Name of Issuer of Class Cusip No. Market Value
Principal
As Defined Other See Instr. V (a) Sole(b) Share(c) None
in Instr. V
ATMI Inc. (AADLT COM 00207R101 $800,000
40,0008.5
x Wafra Investmen x
ATS Medical (AADLT COM 002083103 $75,000
10,0008.5
x Wafra Investmen x
Abacus Direct (AABS COM 002553105 $1,476,000
18,00028.6
x Wafra Investmen x
Action Performance Co. (AABS COM 004933107 $783,250
26,00054.1
x Wafra Investmen x
Aflac Inc. (AALPH COM 001055102 $9,058,400
166,40041.5
x Wafra Investmen x
Albertson's (AALPH COM 013104104 $3,679,975
67,6004.44
x Wafra Investmen x
Alcoa Inc. (AAXP COM 013817101 $3,646,050
87,20077.6
x Wafra Investmen x
Allstate Corp. (ALL) COM 020002101 $7,571,869
204,300
x Wafra Investment x
Amer Tel & Telegraph (TAMWD COM 001957109 $8,452,144
105,90025.4
x Wafra Investmen x
America Online Inc (AAMGN COM 02364J104 $3,410,400
23,20075.6
x Wafra Investmen x
American Express Co. (AALOG COM 025816109 $9,219,825
78,30034.5
x Wafra Investmen x
American Healthcorp Inc. (AANLG COM 02649V109 $209,688
27,500 3.5
x Wafra Investmen x
American International Group (AAPA COM 026874107 $1,206,250
10,00026.8
x Wafra Investmen x
American Woodmark Corp. (AACK COM 030506109 $1,606,550
50,80053.5
x Wafra Investmen x
Amgen Inc. (AATSN COM 031162100 $9,628,925
128,60017.3
x Wafra Investmen x
Amx Corp. (AAFS COM 001801109 $92,500
10,00065.3
x Wafra Investmen x
Analogic Corp. (ALOG) COM 032657207 $757,563
23,000
x Wafra Investment x
Applied Science & Technology (ASTX) COM 038236105 $188,438
15,000
x Wafra Investment x
Armor Holdings Inc. (ABE) COM 042260109 $171,094
12,500
x Wafra Investment x
Artesyn Technologies (ABHI COM 043127109 $1,356,300
109,600 21
x Wafra Investmen x
Associates First Capital-A (ABHI COM 046008108 $9,045,000
201,000 21
x Wafra Investmen x
Atlas Air Inc. (CGO) COM 049164106 $792,344
27,500
x Wafra Investment x
Autobytel.Com Inc. (ABUTL COM 05275N106 $418,750
10,00019.9
x Wafra Investmen x
Baker Hughes Inc (BCOG COM 057224107 $6,369,875
262,00015.3
x Wafra Investmen x
Barrett Resources Corp (BCACI CLA 068480201 $375,938
15,00015.5
x Wafra Investmen x
Bellsouth Corp. (BCOTYU CLA 078960102 $3,040,744
75,900 1
x Wafra Investmen x
Best Software Inc. (BCMO COM 086579109 $249,750
18,5003.63
x Wafra Investmen x
Bestfoods (BCRBO COM 08658U101 $3,337,000
71,00022.8
x Wafra Investmen x
Bristol-Myers Squibb Co. (BCFA COM 110122108 $1,603,125
25,00019.6
x Wafra Investmen x
Butler Int'l Inc. (BUTL) COM 123649105 $1,295,438
70,500
x Wafra Investment x
CFI Proservices (PROI) COM 12525N100 $128,525
10,600
x Wafra Investment x
Cabot Oil & Gas Corp (COG) COM 127097103 $570,281
39,500 63
x Wafra Investment x
Caci Int'l Inc. 'A' (CACI) COM 127190304 $626,688
37,000
x Wafra Investment x
Carbo Ceramics Inc. (CRBO) COM 140781105 $702,813
32,50028.8
x Wafra Investment x
Carey International (CCTK COM 141750109 $162,500
10,0007.88
x Wafra Investmen x
Caterpillar (CCHRZ COM 149123101 $3,491,250
76,00024.9
x Wafra Investmen x
Centocor (CNTO) COM 152342101 $701,813
19,000
x Wafra Investment x
Cheap Tickets Inc. (CCBE COM 162672109 $672,500
20,00040.8
x Wafra Investmen x
Chemfab Corp. (CCRLBF COM 16361L102 $354,750
21,50017.3
x Wafra Investmen x
Ciber Inc. (CCEI COM 17163B102 $939,688
48,50025.3
x Wafra Investmen x
Cisco Systems Inc. (CSCO) COM 17275R102 $5,083,700
46,40015.3
x Wafra Investment x
Coca-Cola Company (KO) COM 191216100 $5,585,125
91,000
x Wafra Investment x
Colgate-Palmolive Co (CDSTM COM 194162103 $4,535,600
49,30037.3
x Wafra Investmen x
Comdisco Inc. (CDSTM COM 200336105 $715,000
40,00037.3
x Wafra Investmen x
Compaq Comp. Corp. (CPQ) COM 204493100 $1,635,075
51,600
x Wafra Investment x
Complete Business Solution (CESSI COM 20452F107 $353,250
18,00056.3
x Wafra Investmen x
Comptex Research (CEDEL COM 204682108 $1,072,500
132,00023.2
x Wafra Investmen x
Computer Horizons (CHRZ) COM 205908106 $1,863,750
170,400
x Wafra Investment x
Concur Technologies (CEDUC COM 206708109 $2,039,650
45,2006.31
x Wafra Investmen x
Core Laboratories (CEVI COM $2,065,650
117,20014.6
x Wafra Investmen x
Covenant Transport Inc (CEVTC COM 22284P105 $178,500
12,0002.25
x Wafra Investmen x
Credence Systems. (CMOS) EQR COM 225302108 $428,750
20,000 16
x Wafra Investmen x
Crescent Real Estate Equities Tst(CFNM COM 14441K103 $864,300
40,2001.63
x Wafra Investmen x
Da Consulting Group Inc. (DFR COM 233027101 $177,750
18,00042.2
x Wafra Investmen x
Dana Corp (DCN) COM 235811106 $6,840,000
180,000
x Wafra Investment x
Dayton Hudson (DFVCX COM 239753106 $4,337,288
65,10064.3
x Wafra Investmen x
Dell Computer Corp. (DFCY COM 247025109 $4,112,025
100,60025.5
x Wafra Investmen x
Du Pont (DLTUS COM 263534109 $4,000,506
68,9009.25
x Wafra Investmen x
EMC Corp/Mass (EGEOW COM 268648102 $4,036,900
31,60014.8
x Wafra Investmen x
Eclipse Surgical Tech Inc. (EHRD COM 278849104 $157,500
15,00012.3
x Wafra Investmen x
Edelbrock Corp. (EHPAC COM 279434104 $591,000
39,40042.3
x Wafra Investmen x
Educational Develop (EDUC) COM 281479105 $304,750
121,900
x Wafra Investment x
Egghead.Com Inc. (EHCSG COM 282330109 $363,750
20,0009.12
x Wafra Investmen x
Empi Inc. (EHELE COM 291586105 $324,375
15,000 3.5
x Wafra Investmen x
25,400 15,000 20,000
Equity Residential Properties Trst(HWP COM 29476L107 $1,200,375
29,1009.37
x Wafra Investmen x
25,400 15,000 20,000
Fannie Mae (FIMPH COM 313586109 $10,103,575
145,90052.9
x Wafra Investmen x
First Industrial Realty Trust (FINRB COM 32054K103 $782,756
32,700 13
x Wafra Investmen x
Flow Intl Corp. (FINRB COM 343468104 $755,438
76,50016.4
x Wafra Investmen x
Food Lion Inc. (FDLNA) COM 344775200 $4,601,563
500,000
x Wafra Investment x
Ford Motor Co. (F) COM 345370100 $5,493,019
96,900
x Wafra Investment x
Garden Fresh Restaurant Corp. (LTUS) COM 365235100 $178,125
12,500
x Wafra Investmen x
General Electric (GE) COM 369604103 $7,168,500
64,800
x Wafra Investment x
Genesco (GIHCC COM 371532102 $185,000
20,0002.37
x Wafra Investmen x
Genesys Telecomm Labs Inc. (GKIM COM 371931106 $451,875
30,00037.9
x Wafra Investmen x
Gillette (G) COM 375766102 $3,869,381
65,100
x Wafra Investment x
Happy Kids Inc. (HKTIE COM 411391105 $300,000
30,0006.25
x Wafra Investmen x
Harvey Entertainment Co. (HRVY) COM 417662103 $455,875
104,200
x Wafra Investment x
Healthcare Services Group (HCSG) COM 421906108 $1,073,025
112,950
x Wafra Investment x
Hewlett-Packard Co. (HWP) COM 428236103 $6,164,156
90,900
x Wafra Investment x
Hollinger International Inc. (HLTXX COM 435569108 $678,125
50,00018.3
x Wafra Investmen x
Home Depot Inc. (HKROG COM 437076102 $5,341,050
85,800 38
x Wafra Investmen x
Hott Topic Inc. (HLAKE COM 441339108 $407,813
22,50023.4
x Wafra Investmen x
Humana Inc. (HLNCC COM 444859102 $7,874,625
456,5006.75
x Wafra Investmen x
Impath Inc. (IMPH) COM 452559101 $735,000
30,000
x Wafra Investment x
Imrglobal Corp. (ILOJN COM 45321W106 $1,011,750
57,00013.5
x Wafra Investmen x
Infosy's Technologies (ILOM COM 456788108 $431,250
10,0009.63
x Wafra Investmen x
Ingersoll-Rand Co. (ILNM COM 456866102 $3,647,438
73,50010.8
x Wafra Investmen x
Int'l Business Machines Corp. (IMAN COM 459200101 $1,772,500
10,000 11
x Wafra Investmen x
Intel Corp. (IMAY COM 458140100 $9,997,388
84,100 30
x Wafra Investmen x
Intraware Inc. (ITRA) COM 46118M103 $1,161,813
29,000
x Wafra Investment x
JPM Company (JMYG COM 465933109 $184,875
17,00020.4
x Wafra Investmen x
Johnson & Johnson (JMEAD COM 478160104 $7,788,550
83,30051.5
x Wafra Investmen x
Kroll O'Gara Company (KMT COM 501050108 $1,790,250
66,00047.8
x Wafra Investmen x
Lecroy Corp. (LMEXP COM 52324W109 $930,000
60,0009.69
x Wafra Investmen x
Lifecore Biomedical Inc. (LMEXP COM 532187107 $169,406
19,50015.8
x Wafra Investmen x
Lilly & Co. Eli (LLY) COM 532457108 $7,070,088
83,300
x Wafra Investment x
Linc Capital Inc. (LMOG/A CLA 501942106 $739,625
97,00017.1
x Wafra Investmen x
Lucent Technologies Inc (LU) COM 549463107 $4,644,000
43,000
x Wafra Investment x
MCI Worldcom Inc. (WCOM) COM 55268B106 $4,038,450
45,600
x Wafra Investment x
Mack-Cali Realty Corp. (CLI) COM 554489104 $898,875
30,600
x Wafra Investment x
Manning (Greg) Auctions Inc. (GMOVA COM 563823103 $140,625
15,0004.88
x Wafra Investmen x
Manpower Inc (MMM CLA 56418H100 $5,647,400
241,60028.9
x Wafra Investmen x
Mastec Inc. (MNCDI COM 576323109 $568,750
25,00015.2
x Wafra Investmen x
Maxim Medical Inc. (MAM) COM 57777G105 $943,750
50,000
x Wafra Investment x
Maxtor Corp (MNEON COM 577729205 $247,188
35,0004.25
x Wafra Investmen x
May Department Stores (MOCOM COM 577778103 $6,700,156
171,25010.3
x Wafra Investmen x
McDonald's Corp. (MOWAV COM 580135101 $5,464,688
120,6007.63
x Wafra Investmen x
Meade Instruments Corp (MEAD) COM 583062104 $217,813
20,500
x Wafra Investment x
Meditrust Corp. (MPLL COM 58501T306 $446,506
35,90011.6
x Wafra Investmen x
Memberworks (MBRS) COM 586002107 $543,750
15,000
x Wafra Investment x
Mentor Graphics Corp. (MPAH COM 587200106 $135,000
10,00022.2
x Wafra Investmen x
Merck & Co. Inc. (MPTEN COM 589331107 $9,294,500
116,000 5
x Wafra Investmen x
Metro One Telecommunications (MPFG COM 59163F105 $463,125
32,5006.63
x Wafra Investmen x
Microsoft Corp. (MPBY COM 594918104 $7,385,100
82,4007.25
x Wafra Investmen x
Miller Exploration (MO COM 600533103 $91,875
30,00029.4
x Wafra Investmen x
Mitel Corp. (MPLT COM 606711109 $272,500
40,00046.3
x Wafra Investmen x
Monsanto Co. (MPBYP COM 611662107 $3,573,938
77,80011.5
x Wafra Investmen x
Moog Inc -CL A (MRCMT COM 615394202 $671,000
22,00048.2
x Wafra Investmen x
Motive Industries Inc. (MRLI COM 61980K101 $753,750
30,00010.5
x Wafra Investmen x
Multex.Com Inc. (MLTX) COM 625367107 $1,187,500
19,000
x Wafra Investment x
Nabors Industries Inc. (NBR) COM 629568106 $454,688
25,000
x Wafra Investment x
Net Bank Inc (NREMX COM 640933107 $1,727,200
25,4007.13
x Wafra Investmen x
53,800
Nitinol Medical Technlologies (NSKS COM 65476T104 $98,438
25,00023.5
x Wafra Investmen x
OM Group Inc. (OSLM COM 670872100 $660,000
20,00051.8
x Wafra Investmen x
OMNI Energy Services Corp. (OSAWS COM 68210T109 $62,484
15,50021.3
x Wafra Investmen x
OSI Systems Inc. (ORetoraCOM 671044105 $155,625
30,000
x Wafra Investment x
OfficeMax (OMX) COM 67622M108 $646,875
75,000
x Wafra Investment x
Orbital Sciences Corp. (OSLB COM 685564106 $1,234,313
43,50044.4
x Wafra Investmen x
Orthofix Int'l N.V. (OFIXF) COM N6748L102 $1,234,500
82,300
x Wafra Investment x
PRI Automation (PSEG COM 69357H106 $567,000
27,00032.4
x Wafra Investmen x
Pacific Sun Wear of California (PSFA COM 694873100 $1,855,650
53,40022.4
x Wafra Investmen x
Patterson Energy (PTEN) COM 703414102 $111,250
20,000
x Wafra Investment x
Paul Harris Stores (PS COM 703555201 $276,563
37,50014.1
x Wafra Investmen x
Pepsico (PSCUR COM 713448108 $8,970,019
228,90050.9
x Wafra Investmen x
Perot System Corp.-CL A (PER) COM 714265105 $717,500
28,000
x Wafra Investment x
Pfizer Inc. (PFE) COM 717081103 $1,386,250
10,000
x Wafra Investment x
Phillip Morris Co Inc. (MSCVL COM 718154107 $7,174,731
203,90021.1
x Wafra Investmen x
Pillowtex (PSIMN CLA 721501104 $354,688
25,00025.1
x Wafra Investmen x
Plantronics Inc. (PSMTK COM 727493108 $1,876,875
30,0009.81
x Wafra Investmen x
QuickSilver Inc. (ZSMXC COM 74838C106 $1,056,250
25,0009.25
x Wafra Investmen x
Reckson Associates (RSMIN COM 75621K106 $989,056
48,1004.94
x Wafra Investmen x
Remedy Temp Inc. 'A' (RSTAA COM 759491087 $537,675
42,80010.1
x Wafra Investmen x
Restoration Hardware Inc. (RHOT COM 760981100 $770,000
35,0002.25
x Wafra Investmen x
SBC Communications (SLVB COM 78387G103 $11,122,094
235,7005.13
x Wafra Investmen x
SLM Holding Corp. (SLM) COM 78442A109 $5,594,500
134,000
x Wafra Investment x
SS&C Technologies (SSNC) COM 85227Q100 $123,750
10,000
x Wafra Investment x
Saks Inc. (SKS) COM 79377W108 $6,548,152
251,852
x Wafra Investment x
Savoir Technology Group Inc. (SVTG) COM 80533W109 $129,375
15,000
x Wafra Investment x
Sawtek Inc. (SAWS) COM 805468105 $1,400,625
41,500
x Wafra Investment x
Schlumberger Ltd. (SLB) COM 806857108 $4,658,513
77,400
x Wafra Investment x
School Specialty Inc. (STODDA COM 807863105 $440,156
22,5004.56
x Wafra Investmen x
Schwab (Charles) Corp. (STOM COM 808513105 $2,595,375
27,000 20
x Wafra Investmen x
Shoe Carnival Inc. (STG COM 824889109 $1,325,000
106,00062.6
x Wafra Investmen x
Sirena Apparel Group Inc. (STG COM 82966Q102 $940,125
163,500 18
x Wafra Investmen x
Softnet Systems (SOIL COM 833964109 $732,500
20,0007.38
x Wafra Investmen x
Southwest Airlines (LURS COM 844741108 $3,814,525
126,100 41
x Wafra Investmen x
Spieker Properties Inc. (SUSL COM 848497103 $1,032,825
29,3004.75
x Wafra Investmen x
Startek Inc (SRT) COM 85569C107 $272,513
25,800
x Wafra Investment x
Steinway Musical Instruments (LUIS COM 858495104 $1,107,156
49,90017.9
x Wafra Investmen x
Stericycle Inc. (SVPI COM 858912108 $134,375
10,00042.6
x Wafra Investmen x
Sterile Recoveries Inc. (SVNO COM 859151102 $199,875
19,50022.8
x Wafra Investmen x
Steris Corp. (STWAC COM 859152100 $465,938
17,50020.9
x Wafra Investmen x
Superior Consultant Hldgs (STG COM 868146101 $665,438
19,500 18
x Wafra Investmen x
TUT Systems (TOIL COM 901103101 $970,125
19,5007.38
x Wafra Investmen x
Technitrol Inc (TURS COM 878555101 $636,525
27,600 41
x Wafra Investmen x
Texaco (TUSL COM 881694103 $3,688,750
65,0004.75
x Wafra Investmen x
Texas Instruments (TXN) COM 882508104 $2,074,325
20,900
x Wafra Investment x
Textron Inc. (TTG COM 883203101 $3,536,038
45,700 18
x Wafra Investmen x
The Buckle Inc. (BOIL COM 118440106 $1,113,750
49,5007.38
x Wafra Investmen x
The Walt Disney Co. (DURS COM 254687106 $5,067,150
162,800 41
x Wafra Investmen x
Tom Hilfiger (TUSL COM 2896241 $3,471,300
50,4004.75
x Wafra Investmen x
ToyMax Int'l (TMAX) COM 892268103 $1,019,250
151,000
x Wafra Investment x
Tyco International Ltd. (TUIS COM 902124106 $5,209,050
72,60017.9
x Wafra Investmen x
URS Corp-New (UVPI COM 903236107 $816,425
45,20042.6
x Wafra Investmen x
Unisys Corp (UVNO COM 909214108 $9,654,631
348,70022.8
x Wafra Investmen x
United Technologies (UWAC COM 913017109 $4,442,350
32,80020.9
x Wafra Investmen x
Universal Foods Corp. (UFC) COM 913538104 $6,086,438
295,10011.5
x Wafra Investmen x
5,000
Vintage Petroleum (VPI) COM 927460105 $2,657,700
295,30011.5
x Wafra Investmen x
5,000
Vornado Realty (VNO) CLA 929042109 $869,400
25,20023.1
x Wafra Investmen x
Wal-Mart Stores Inc. (WMT) COM 931142103 $6,075,156
65,90021.6
x Wafra Investmen x
Weatherford Int'l Inc. (WFT) COM 947074100 $5,572,463
213,30021.5
x Wafra Investmen x
Westower Corp. (WTW) COM 96121E101 $350,781
12,50021.6
x Wafra Investmen x
Woodhead Industries Inc. (WDHD) COM 979438108 $145,313
15,00021.5
x Wafra Investmen x
Xerox Corp. (XRX) COM 984121103 $3,549,713
68,100
x Wafra Investment x
Column Total $442,007,193
12,508,952
5,000
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