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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/99
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Check here if Amendment [ ]; Amendment Number: ______
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Oak Value Capital Management, Inc.
Address: 3100 Tower Blvd., Suite 700
Durham, NC 27707
Form 13F File Number: 28-4628
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: Margaret C. Landis
Title: Vice President & Director of Operations
Phone: (919) 419-1900
Signature, Place, and Date of Signing:
/s/ Margaret C. Landis Durham, NC August 16, 1999
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Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
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FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 67
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Form 13F Information Table Value Total: $ 2,085,216
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- --------- ---------- -------- -------- ---- ---- --------- ---------- ------ ------ -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Berkshire Hathaway - Cl. A 084670108 239772 3480 SH SOLE 3480
AFLAC COM 001055102 42827 894553 SH SOLE 806927 87626
AFLAC COM 001055102 18547 387400 SH DEFINED 387400
Abbott Labs COM 002824100 523 11520 SH SOLE 11520
Ambac Financial Group, Inc. COM 023139108 61823 1082242 SH SOLE 926792 155450
Ambac Financial Group, Inc. COM 023139108 35729 625450 SH DEFINED 625450
American Int'l Grp COM 026874107 723 6170 SH SOLE 6170
Anheuser Busch Cos Inc COM 035229103 212 2992 SH SOLE 2992
Avon Products COM 054303102 47366 853447 SH SOLE 716102 137345
Avon Products COM 054303102 32923 593200 SH DEFINED 593200
Belo (A.H.) Corp COM 080555105 33288 1690794 SH SOLE 1446894 243900
Belo (A.H.) Corp COM 080555105 21298 1081825 SH DEFINED 1081825
Berkshire Hathaway - Cl. A COM 084670108 27560 400 SH SOLE 338 62
Berkshire Hathaway - Cl. A COM 084670108 18121 263 SH DEFINED 263
Berkshire Hathaway - Cl. B COM 084670207 97919 43714 SH SOLE 39033 4681
Berkshire Hathaway - Cl. B COM 084670207 38739 17294 SH DEFINED 17294
CCB Financial COM 124875105 295 5574 SH SOLE 5574
Campbell Soup COM 134429109 22647 488345 SH SOLE 421195 67150
Campbell Soup COM 134429109 13242 285550 SH DEFINED 285550
Chubb Corp. COM 171232101 24346 350299 SH SOLE 298049 52250
Chubb Corp. COM 171232101 19170 275825 SH DEFINED 275825
Closure Medical Corporation COM 189093107 2421 80700 SH SOLE 80700
Coca Cola Co. COM 191216100 37393 603111 SH SOLE 532432 70679
Coca Cola Co. COM 191216100 24715 398625 SH DEFINED 398625
Dun & Bradstreet COM 26483B106 54782 1545885 SH SOLE 329075 216810
Dun & Bradstreet COM 26483B106 31011 875100 SH DEFINED 875100
E. W. Scripps Co. COM 811054204 105427 2216591 SH SOLE 2004836 211755
E. W. Scripps Co. COM 811054204 30446 640135 SH DEFINED 640135
Executive Risk, Inc. COM 301586103 23062 271121 SH SOLE 233921 37200
Executive Risk, Inc. COM 301586103 8098 95200 SH DEFINED 95200
First Union Corp. COM 337358105 18260 387475 SH SOLE 332825 54650
First Union Corp. COM 337358105 12849 272650 SH DEFINED 272650
Food Lion Inc. Cl. A COM 344775200 322 27100 SH SOLE 27100
Freddie Mac COM 313400301 3132 54000 SH SOLE 54000
Gillette Co. COM 375766102 38923 949349 SH SOLE 828759 120590
Gillette Co. COM 375766102 27551 671970 SH DEFINED 671970
Household International Inc COM 441815107 41800 882325 SH SOLE 759650 122675
Household International Inc COM 441815107 29911 631375 SH DEFINED 631375
Intel Corp COM 458140100 323 5436 SH SOLE 5436
Interpublic Group COM 460690100 53306 615360 SH SOLE 538607 76753
Interpublic Group COM 460690100 28088 324250 SH DEFINED 324250
Johnson & Johnson COM 478160104 2475 25256 SH SOLE 25256
Markel Corp. COM 570535104 21951 117387 SH SOLE 117387
MedPartners Inc. COM 58503X107 1292 172332 SH SOLE 172332
Merck & Co. COM 589331107 648 8800 SH SOLE 8800
</TABLE>
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<TABLE>
<CAPTION>
TITLE VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------- --------- ---------- -------- -------- ---- ---- --------- ---------- ------ ------ -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Microsoft Corp COM 594918104 608 6740 SH SOLE 6740
Oakwood Homes COM 674098108 62714 4778210 SH SOLE 4395660 382550
Oakwood Homes COM 674098108 17168 1308000 SH DEFINED 1308000
PepsiCo Inc. COM 713448108 299 7736 SH SOLE 7736
Pfizer Inc. COM 717081103 637 5840 SH SOLE 5840
Procter & Gamble COM 742718109 443 4968 SH SOLE 4968
Progressive Corp. COM 743315103 65940 454760 SH SOLE 398225 56535
Progressive Corp. COM 743315103 30884 212990 SH DEFINED 212990
RLI Corp. COM 749607107 48507 1251788 SH SOLE 1108187 143601
RLI Corp. COM 749607107 10811 279000 SH DEFINED 279000
Schering Plough COM 806605101 892 16992 SH SOLE 16992
Tiffany & Co. COM 886547108 96916 1004314 SH SOLE 890199 114115
Tiffany & Co. COM 886547108 48859 506310 SH DEFINED 506310
True North Communications COM 897844106 2916 98000 SH SOLE 90825 7175
United Asset Management Corp. COM 909420101 93597 4114170 SH SOLE 3726695 387475
United Asset Management Corp. COM 909420101 31385 1379550 SH DEFINED 1379550
Walt Disney Co. COM 254687106 50855 1650455 SH SOLE 1448264 202191
Walt Disney Co. COM 254687106 20962 680303 SH DEFINED 680303
Washington Post Co. Class B COM 939640108 70627 131338 SH SOLE 115509 15829
Washington Post Co. Class B COM 939640108 29831 55474 SH DEFINED 55474
Young Broadcasting Corp. A COM 987434107 1874 44025 SH SOLE 42450 1575
Young Broadcasting Corp. A COM 987434107 3235 76000 SH DEFINED 76000
</TABLE>
