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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: 09/30/1999
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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: OAK VALUE CAPITAL MANAGEMENT, INC.
Address: 3100 TOWER BOULEVARD, 7TH FLOOR
DURHAM, NC 27707
Form 13F File Number: 28-4628
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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 COMPLIANCE
Phone:919-419-1900
Signature, Place, and Date of Signing:
[s] Margaret C. Landis Durham, NC 11/10/1999
- ---------------------- ---------------------------- -------------------
[Signature] [City, State] [Date]
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: 58
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Form 13F Information Table Value Total: 1,692,439
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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.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
NONE
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<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>
Berkshire Hathaway - Cl. A 084670108 191345 3479 SH SOLE 3479
AFLAC COM 001055102 42030 1003709 SH SOLE 908757 94952
16222 387400 SH DEFINED 01 387400
Ambac Financial Group, Inc. COM 023139108 52289 1103733 SH SOLE 950483 153250
28683 605450 SH DEFINED 01 605450
American Int'l Grp COM 026874107 670 7711 SH SOLE 7711
Avon Products COM 054303102 38563 1554183 SH SOLE 1337038 217145
14719 593200 SH DEFINED 01 593200
Belo (A.H.) Corp COM 080555105 22116 1156370 SH SOLE 979745 176625
Berkshire Hathaway - Cl. A COM 084670108 21945 399 SH SOLE 337 62
14465 263 SH DEFINED 01 263
Berkshire Hathaway - Cl. B COM 084670207 82815 44620 SH SOLE 40002 4618
32098 17294 SH DEFINED 01 17294
Campbell Soup COM 134429109 12470 318720 SH SOLE 273595 45125
6596 168600 SH DEFINED 01 168600
Caremark Rx, Inc. COM 141705103 991 172332 SH SOLE 172332
Chubb Corp. COM 171232101 30861 621881 SH SOLE 532775 89106
19418 391297 SH DEFINED 01 391297
Closure Medical Corporation COM 189093107 842 62100 SH SOLE 62100
Coca Cola Co. COM 191216100 51100 1059074 SH SOLE 924545 134529
22272 461600 SH DEFINED 01 461600
Dun & Bradstreet COM 26483B106 49433 1654655 SH SOLE 1431695 222960
26144 875100 SH DEFINED 01 875100
E. W. Scripps Co. COM 811054204 106558 2169121 SH SOLE 1962436 206685
31447 640135 SH DEFINED 01 640135
First Union Corp. COM 337358105 14207 398805 SH SOLE 344630 54175
9713 272650 SH DEFINED 01 272650
Freddie Mac COM 313400301 2860 55000 SH SOLE 55000
Gillette Co. COM 375766102 35842 1056119 SH SOLE 934604 121515
19729 581345 SH DEFINED 01 581345
Household International Inc COM 441815107 40764 1015934 SH SOLE 875184 140750
25334 631375 SH DEFINED 01 631375
Intel Corp COM 458140100 203 2736 SH SOLE 2736
Interpublic Group COM 460690100 42827 1041382 SH SOLE 909200 132182
23580 573375 SH DEFINED 01 573375
Johnson & Johnson COM 478160104 2320 25256 SH SOLE 25256
Markel Corp. COM 570535104 18891 103759 SH SOLE 103759
Merck & Co. COM 589331107 570 8800 SH SOLE 8800
Microsoft Corp COM 594918104 610 6740 SH SOLE 6740
Oakwood Homes COM 674098108 17843 3965193 SH SOLE 3685068 280125
2627 583700 SH DEFINED 01 583700
PepsiCo Inc. COM 713448108 236 7736 SH SOLE 7736
Pfizer Inc. COM 717081103 629 17520 SH SOLE 17520
Procter & Gamble COM 742718109 466 4968 SH SOLE 4968
Progressive Corp. COM 743315103 55565 680215 SH SOLE 607560 72655
17399 212990 SH DEFINED 01 212990
RLI Corp. COM 749607107 40329 1222080 SH SOLE 1080328 141752
9207 279000 SH DEFINED 01 279000
Schering Plough COM 806605101 567 12992 SH SOLE 12992
ServiceMaster COM 81760N109 3559 221575 SH SOLE 208650 12925
Tiffany & Co. COM 886547108 86601 1444849 SH SOLE 1294919 149930
35433 591170 SH DEFINED 01 591170
United Asset Management Corp. COM 909420101 77522 4027120 SH SOLE 3644995 382125
26691 1386550 SH DEFINED 01 1386550
Walt Disney Co. COM 254687106 46458 1786830 SH SOLE 1573998 212832
17688 680303 SH DEFINED 01 680303
Washington Post Co. Class B COM 939640108 71785 140754 SH SOLE 125075 15679
28292 55474 SH DEFINED 01 55474
</TABLE>
