<PAGE>
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 1999
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Check Here if Amended / /: Amendment Number: ___________
This Amendment (Check only one.): / / is a restatement.
/ / adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: OAKMONT CORPORATION
Address: 865 S. FIGUEROA ST.
SUITE 700
LOS ANGELES, CA
Form 13F File Number: 28-___________
This 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, and 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: KASHIF SHEIKH
Title: CFO
Phone: (213) 891-6339
Signature, Place, and Date of Signing:
/s/ Kashif Sheikh
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(Signature) (City, State) (Date)
Report Type (Check only one.):
/ / 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
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OAKMONT CORP.
FORM 13F
OAKMONT CORP.
MARCH 31, 1999
<TABLE>
<CAPTION>
MARKET
SECURITY CUSIP QUANTITY VALUE
- ------------------- --------- --------- -------------
<S> <C> <C> <C>
COMMONSTOCK
ALLERGAN, INC. 018490102 59,000 5,184,625.00
AMAZON.COM INC. 023135106 112,000 19,285,000.00
AMERICA ONLINE 02364J104 85,140 12,515,580.00
APEX MORTGAGE 030564101 66,666 899,991.00
CAPITAL
ASCEND 043491109 67,500 5,648,906.25
COMMUNICATIONS
BED, BATH & 075896100 104,000 3,796,000.00
BEYOND
BERINGER WINE 084102102 294,353 10,707,090.37
ESTATES HLDGS.
BOMBARDIER INC. 097751200 1,073,133 14,133,161.61
CATELLUS 149111106 375,000 5,015,625.00
DEVELOPMENT
CORP.
CHASE MANHATTAN 16161A108 225,000 18,309,375.00
CORP.
CITIGROUP 172967101 50,000 3,193,750.00
CMGI INC. 125750109 2,200 402,737.50
COMCAST CORP CL 200300101 207,100 12,736,650.00
A
CONTINENTAL AIR 210795308 150,000 5,700,000.00
INC. CL B
COSTCO 22160Q102 252,500 23,119,531.25
CSG SYSTEMS 126349109 111,224 4,386,396.50
INTERNATIONAL
DELPHI FINANCIAL 247131105 437,444 14,818,415.50
GROUP, INC.
ENRON 293561106 520,235 33,425,098.75
FREEPORT 35671D105 7,752 79,458.75
MCMORAN COPPER
& COLD CLASSA
FREEPORT 35671D857 82,463 896,785.12
MCMORAN COPPER
& GOLD CLASSB
GENERAL MOTORS 370442105 179,700 15,633,900.00
HOME DEPOT INC. 437076102 144,600 9,001,350.00
IBM CORP. 459200101 69,300 12,283,425.00
INVESTORS 899,999 25,874,971.25
FINANCIAL
SERVICES
KANSAS CITY 263,600 15,025,200.00
SOUTHERN CORP.
KLA INSTRUMENTS 146,600 7,119,262.50
</TABLE>
<PAGE>
OAKMONT CORP.
FORM 13F
OAKMONT CORP.
MARCH 31, 1999
<TABLE>
<CAPTION>
MARKET
SECURITY CUSIP QUANTITY VALUE
- ------------------- --------- --------- --------------
<S> <C> <C> <C>
LEAR CORPORATION 521865105 463,200 19,772,850.00
MASCO CORP. 574599106 348,400 9,842,300.00
MCMORAN 582411104 12,895 208,745.09
EXPLORATION CO.
METROMEDIA FIBER 591689104 118,000 6,113,875.00
NETWORK INC.
MORGAN STANLEY 617446448 253,000 25,284,187.50
DEAN WITTER
PRICELINE.COM INC. 41,000 3,397,875.00
PROBUSINESS 742674104 437,635 18,380,670.00
SERVICES
QWEST 749121109 306,000 22,060,687.50
COMMUNICATIONS
INTL
SEI INVESTMENTS 784117103 32,213 2,979,702.50
CO.
STARBUCKS CORP. 855244109 148,454 4,165,990.37
STRATUS 863167102 740,510 2,314,093.75
PROPERTIES
TIFFANY 886547108 47,800 3,573,050.00
VERISIGN, INC. 2,400 369,600.00
WASHINGTON 939322103 4,000 163,500.00
MUTUAL
YAHOO! INC. 984332106 55,400 9,327,975.00
ZD NET GROUP 300 10,800.00
--------------
407,158,187.33
(ADR'S)AMERICAN DEPOSITORY RECEIPT
DESC SA DE CV 250309101 36,180 965,553.75
GRUPO TELEVISA 40049J206 264,022 8,283,690.25
--------------
9,249,244.00
WARRANTS
IMC GLOBAL INC 449669118 8,616 3,769.50
WTS EXP 12/22/2000
CONVERTIBLE PREFERRED
TRANS WORLD AIR 893349753 110,000 4,070,000.00
SERIES 144A
</TABLE>
<PAGE>
OAKMONT CORP.
FORM 13F
OAKMONT CORP.
MARCH 31, 1999
<TABLE>
<CAPTION>
MARKET
SECURITY CUSIP QUANTITY VALUE
- ------------------- --------- --------- --------------
<S> <C> <C> <C>
CONVERTIBLE BONDS
ASIA PULP & PAPER 00202paa8 200,000 11,350,000.00
COMPANY
CONVERTIBLE BOND
3.5% 4/30/03
3.500% Due 04-30-03
MEXICAN COMMON STOCK
APASCO A 598,757 3,576,257.81
CORP. 730,000 2,153,347.28
INTERAMERICANA
ENTRET-B
CORPORACION GEO 1,181,471 3,435,658.35
S.A. - SER B
GRUPO CARSO 694,000 2,809,393.31
JUGOS DEL VALLE 1,074,265 674,224.90
S.A.-SER B
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12,648,881.64
TOTAL PORTFOLIO 444,480,082.47
</TABLE>
