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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: 12/31/1999
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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 02/07/2000
- ---------------------- ---------------------------- -------------------
[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: 59
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Form 13F Information Table Value Total: 1,695,220
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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 192928 3439 SH SOLE 3439
AFLAC COM 001055102 54420 1153268 SH SOLE 1039114 114154
18280 387400 SH DEFINED 01 387400
AT&T COM 001957109 26441 520360 SH SOLE 447110 73250
7673 151000 SH DEFINED 01 151000
Ambac Financial Group, Inc. COM 023139108 67533 1294043 SH SOLE 1133993 160050
25616 490850 SH DEFINED 01 490850
American Int'l Grp COM 026874107 781 7225 SH SOLE 7225
Avon Products COM 054303102 50748 1537833 SH SOLE 1330488 207345
19576 593200 SH DEFINED 01 593200
Berkshire Hathaway - Cl. A COM 084670108 24291 433 SH SOLE 371 62
13632 243 SH DEFINED 01 243
Berkshire Hathaway - Cl. B COM 084670207 78914 43122 SH SOLE 38649 4473
27988 15294 SH DEFINED 01 15294
Caremark Rx, Inc. COM 141705103 866 171032 SH SOLE 171032
Chubb Corp. COM 171232101 32005 568353 SH SOLE 481746 86607
12107 215000 SH DEFINED 01 215000
Citigroup Inc COM 172967101 267 4799 SH SOLE 4799
Closure Medical Corporation COM 189093107 3915 304100 SH SOLE 304100
Coca Cola Co. COM 191216100 61405 1054170 SH SOLE 921966 132204
19980 343000 SH DEFINED 01 343000
Dun & Bradstreet COM 26483B106 47526 1611045 SH SOLE 1392635 218410
21538 730100 SH DEFINED 01 730100
E. W. Scripps Co. COM 811054204 91314 2037688 SH SOLE 1836678 201010
24129 538435 SH DEFINED 01 538435
First Union Corp. COM 337358105 6143 186490 SH SOLE 177115 9375
Freddie Mac COM 313400301 2588 55000 SH SOLE 55000
GTE Corp. COM 362320103 13095 185575 SH SOLE 159150 26425
5901 83625 SH DEFINED 01 83625
Gillette Co. COM 375766102 54610 1325889 SH SOLE 1171149 154740
19733 479095 SH DEFINED 01 479095
Household International Inc COM 441815107 42217 1133332 SH SOLE 988882 144450
20725 556375 SH DEFINED 01 556375
Intel Corp COM 458140100 884 10736 SH SOLE 10736
Interpublic Group COM 460690100 53404 925750 SH SOLE 814166 111584
22921 397325 SH DEFINED 01 397325
Johnson & Johnson COM 478160104 2355 25256 SH SOLE 25256
Markel Corp. COM 570535104 14419 93024 SH SOLE 93024
Merck & Co. COM 589331107 591 8800 SH SOLE 8800
Microsoft Corp COM 594918104 955 8182 SH SOLE 8182
Oakwood Homes COM 674098108 1777 557400 SH SOLE 557400
PepsiCo Inc. COM 713448108 273 7736 SH SOLE 7736
Pfizer Inc. COM 717081103 666 20520 SH SOLE 20520
Procter & Gamble COM 742718109 544 4968 SH SOLE 4968
Progressive Corp. COM 743315103 43189 590615 SH SOLE 523055 67560
15575 212990 SH DEFINED 01 212990
RLI Corp. COM 749607107 39818 1171103 SH SOLE 1032393 138710
9146 269000 SH DEFINED 01 269000
Schering Plough COM 806605101 551 12992 SH SOLE 12992
Tiffany & Co. COM 886547108 90763 1016953 SH SOLE 900083 116870
34691 388695 SH DEFINED 01 388695
United Asset Management Corp. COM 909420101 63434 3417346 SH SOLE 3070021 347325
23882 1286550 SH DEFINED 01 1286550
Valassis Communications Inc. COM 918866104 5637 133425 SH SOLE 107150 26275
1241 29375 SH DEFINED 01 29375
Walt Disney Co. COM 254687106 59614 2038084 SH SOLE 1803300 234784
20471 699878 SH DEFINED 01 699878
Washington Post Co. Class B COM 939640108 76165 137018 SH SOLE 121649 15369
23369 42040 SH DEFINED 01 42040
</TABLE>
