UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or 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 Report:
Name: Kalmar Investments, Inc
Address: 3701 Kennett Pike
Greenville, DE. 19807
13F File Number:
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
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: Jeannine Laughman
Title: Investment Team Assistant
Phone: 302-658-7575
Signature, Place, and Date of Signing:
Jeannine Laughman Wilmington, DE DATE July 27, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<TABLE>
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>
ATMI com 00207R101 6849 183547 SH SOLE 87100 96447
Aaron Rents com 002535201 17769 1030098 SH SOLE 522650 507448
Action Performance com 004933107 7188 341247 SH SOLE 168550 172697
Acxiom com 005125109 10805 549691 SH SOLE 287700 261991
AmeriCredit com 03060R101 21219 1420498 SH SOLE 683200 737298
American Precision Inds com 029069101 1113 108600 SH SOLE 22500 86100
Analogic Corp. com 032657207 4668 147890 SH SOLE 85340 62550
Apex Inc. com 037548104 4843 259150 SH SOLE 123100 136050
Applied Power com 038225108 15535 511430 SH SOLE 261828 249602
Armor Holdings com 042260109 7653 703700 SH SOLE 328300 375400
Artesyn Technologies com 043127109 5043 265848 SH SOLE 122100 143748
Basin Exploration com 070107107 3791 157949 SH SOLE 75500 82449
Benchmark Electronics com 08160H101 13652 386598 SH SOLE 188850 197748
Brady Corp com 104674106 4143 129470 SH SOLE 40170 89300
C & D Technology com 124661109 11192 308200 SH SOLE 136250 171950
C-Cube Microsystems com 125015107 10653 244900 SH SOLE 118200 126700
Caere Corp com 127646107 2078 268100 SH SOLE 74600 193500
Casey's General Stores com 147528103 13456 1003679 SH SOLE 519580 484099
Chirex Inc. com 170038103 8285 320982 SH SOLE 135135 185847
Choicepoint com 170388102 14705 218254 SH SOLE 108275 109979
Consolidated Products com 209798107 11307 1159733 SH SOLE 609667 550066
Cort Business Services com 220493100 7994 345697 SH SOLE 124950 220747
Credence Systems com 225302108 8834 196849 SH SOLE 95000 101849
Cuno Inc. com 126583103 13929 700839 SH SOLE 311640 389199
Dentsply International com 249030107 11126 489067 SH SOLE 243870 245197
Devon Energy com 25179m103 8857 213750 SH SOLE 102150 111600
Doral Financial com 25811P100 11908 890346 SH SOLE 427450 462896
DuPont com 263534109 532 8790 SH SOLE 8790
EMS Technologies com 26873n108 2712 225999 SH SOLE 67200 158799
Evergreen Resources com 299900308 13901 577698 SH SOLE 272600 305098
Excel Technology com 30067T103 8798 589000 SH SOLE 280650 308350
Exxon com 302290101 228 3000 SH SOLE 3000
FYI Inc com 302712104 11359 337200 SH SOLE 161250 175950
Family Dollar Stores com 307000109 11661 551997 SH SOLE 271400 280597
Federated Investors com 314211103 5845 338849 SH SOLE 97500 241349
First Consulting Group com 31986R103 5252 525150 SH SOLE 252050 273100
Flow Intl com 343468104 2229 214849 SH SOLE 94850 119999
Furon com 361106107 9731 390197 SH SOLE 69100 321097
General Electric com 369604103 1788 15080 SH SOLE 200 14880
Genesys Telecom com 371931106 12571 275150 SH SOLE 128350 146800
Gulfmark Offshore com 402629109 1640 91099 SH SOLE 48400 42699
Hadco Corp com 404681108 4879 112799 SH SOLE 54450 58349
Hutchinson Tech com 448407106 4770 176650 SH SOLE 85250 91400
IBM com 459200101 1452 12000 SH SOLE 12000
Insight Enterprises com 45765U103 11387 350370 SH SOLE 129319 221051
Insituform Tech com 457667103 41082 1643273 SH SOLE 815675 827598
Inter-Tel Inc com 458372109 6625 373248 SH SOLE 179700 193548
Keystone Automotive com 49338N109 5647 516288 SH SOLE 250840 265448
Landmark Inc. com 51506S100 4935 607399 SH SOLE 297200 310199
Lesco Inc. com 526872106 6747 504474 SH SOLE 234675 269799
Maximus Inc. com 577933104 10303 344150 SH SOLE 165650 178500
Merant PLC com 587336108 3548 152183 SH SOLE 37881 114302
Merck com 589331107 3798 58600 SH SOLE 1000 57600
Micros Systems com 594901100 5889 145400 SH SOLE 63000 82400
Microsoft Corp. com 594918104 217 2400 SH SOLE 2400
Mortons Restaurant Group com 619429103 1839 104700 SH SOLE 31800 72900
NCO Group Inc com 628858102 7144 152000 SH SOLE 66550 85450
National Computer Sys com 635519101 15537 405200 SH SOLE 196250 208950
Natural MicroSystems com 638882100 1838 132500 SH SOLE 28500 104000
Pacific Sunwear com 694873100 5268 187921 SH SOLE 89850 98071
Penn Engineering & Mfg. com 707389300 10031 408370 SH SOLE 222670 185700
Performance Food Group com 713755106 11604 452821 SH SOLE 221900 230921
Polycom Inc com 73172K104 4554 95550 SH SOLE 45600 49950
Progress Software com 743312100 11019 351200 SH SOLE 170850 180350
Renal Care Group com 759930100 4351 198620 SH SOLE 82750 115870
Richardson Elec Ltd com 763165107 5664 681360 SH SOLE 336200 345160
Rogers Corp. com 775133101 14847 403995 SH SOLE 181098 222897
SCP Pool Corp com 784028102 6218 264600 SH SOLE 126300 138300
SLI Inc com 78442T108 9090 426500 SH SOLE 206700 219800
SPSS Inc com 78462K102 6810 350349 SH SOLE 153400 196949
Shaw Group com 820280105 10909 486200 SH SOLE 229800 256400
Shoe Pavilion com 824894109 914 250000 SH SOLE 250000
Sola International com 834092108 6330 408383 SH SOLE 182735 225648
Spartech Corp. com 847220209 19499 665197 SH SOLE 311700 353497
Sportsman's Guide com 848907200 1200 300000 SH SOLE 300000
Stage Stores com 85254C107 962 155467 SH SOLE 44570 110897
Stone Energy com 861642106 15012 294347 SH SOLE 138050 156297
Systems & Computer Tech com 871873105 13787 1097510 SH SOLE 570210 527300
Technitrol Inc com 878555101 11795 334600 SH SOLE 155050 179550
Tollgrade Communications com 889542106 4579 170398 SH SOLE 83700 86698
Transcoastal Marine com 893537100 83 14400 SH SOLE 4100 10300
Trex Company com 89531p105 2529 95200 SH SOLE 88600 6600
US Foodservice com 90331R101 7448 413794 SH SOLE 169050 244744
Unifab International com 90467L100 2091 259350 SH SOLE 144250 115100
Unilab com 904763109 2785 489600 SH SOLE 123700 365900
Veeco Instruments com 922417100 7381 263599 SH SOLE 131500 132099
Veterinary Centers of America com 925514101 9714 849300 SH SOLE 413200 436100
Wabash National com 929566107 8200 403700 SH SOLE 194750 208950
Watsco com 942622200 7175 630749 SH SOLE 316954 313795
Weatherford International com 947074100 7478 233697 SH SOLE 109700 123997
Whitehall Jewellers com 965063100 345 12000 SH SOLE 7100 4900
Whittman-Hart com 966834103 1735 44750 SH SOLE 16500 28250
Worthington Foods com 981809106 4657 323998 SH SOLE 161400 162598
</TABLE>
