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 31, 1999
Check here if Amendment [ ]; Amendment Number :
This Amendment (Check only one.) : [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investor Manager Filing this Report:
Name: Holland Capital Management, L.P.
Address: 35 West Wacker Drive
Suite 3260
Chicago, IL 60601
13F File Number: 28-4636
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that that 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: Louis A. Holland
Title: Managing Partner & Chief Investment Officer
Phone: 312/553-1022
Signature, Place, and Date of Signing:
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITES EXCHANGE ACT OF 1934.
Very truly yours,
/s/ Louis A. Holland
Louis A. Holland
Managing Partner and Chief Investment Officer
<PAGE>
<TABLE>
PAGE 1
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
------ ----- ------ ----- ------ ------------------------ --- --- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM COMMON 002824100 4,804,133 102,625 X 85,625 0 17,000
AES CORP COMMON 00130H105 1,292,575 34,700 X 28,225 0 6,475
AFFILIATED COMPUTER COMMON 008190100 2,827,350 61,800 X 49,350 0 12,450
ALBERTSONS INC COMMON 013104104 2,781,756 51,100 X 42,150 0 8,950
AMERICAN HOME PRODS COMMON 026609107 2,912,825 44,641 X X 33,650 0 10,991
AMERICAN INTL GROUP COMMON 026874107 8,228,073 68,212 X X 52,465 0 15,747
AMERICAN MGMT SYS I COMMON 027352103 1,545,009 45,275 X 36,850 0 8,425
AT & T CORP. COMMON 001957109 4,144,264 77,888 X 63,262 0 14,625
AUTOMATIC DATA PROC COMMON 053015103 5,203,941 125,775 X 102,925 0 22,850
BANK ONE CORP COMMON 06423A103 2,671,908 48,525 X X 35,117 0 13,408
BP AMOCO ADS COMMON 055622104 2,950,917 29,217 X X 22,890 0 6,327
CARNIVAL CRUISE LIN COMMON 143658102 5,557,978 114,450 X 89,550 0 24,900
CISCO SYS INC COMMON 17275R102 7,312,201 66,740 X X 49,376 0 17,364
CITIGROUP INC. COMMON 172967101 3,188,959 49,925 X 40,575 0 9,350
CLOROX CO COMMON 189054109 3,536,133 30,175 X 24,500 0 5,675
COCA COLA CO COMMON 191216100 1,826,029 29,752 X X 21,575 0 8,177
COLGATE PALMOLIVE C COMMON 194162103 2,771,500 30,125 X 24,450 0 5,675
CONCORD EFS INC COM COMMON 206197105 1,391,851 50,498 X 40,561 0 9,937
CVS CORP COM COMMON 126650100 3,498,375 73,650 X X 57,300 0 16,350
E M C CORP MASS COMMON 268648102 5,558,658 43,512 X X 32,625 0 10,887
ELAN PLC ADR COMMON 284131208 2,822,434 40,465 X X 29,100 0 11,365
ENRON CORP COMMON 293561106 3,666,748 57,070 X X 44,400 0 12,670
FED HOME LN MTG CP- COMMON 313400301 5,275,386 92,046 X X 69,600 0 22,446
<PAGE>
PAGE 2
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
------ ----- ------ ----- ------ ------------------------ --- --- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FEDERAL SIGNAL CORP COMMON 313855108 1,370,590 65,657 X 54,317 0 11,340
GENERAL ELEC CO COMMON 369604103 11,568,609 104,575 X 87,825 0 16,750
GILLETTE CO COM COMMON 375766102 3,784,683 63,675 X 51,700 0 11,975
GRAINGER, W W INC COMMON 384802104 2,227,408 51,725 X 46,575 0 5,150
GTE CORP COMMON 362320103 5,998,575 99,150 X 80,650 0 18,500
GUIDANT CORP COM COMMON 401698105 2,376,138 39,275 X X 30,525 0 8,750
HEWLETT PACKARD CO COMMON 428236103 3,482,172 51,350 X 43,200 0 8,150
HOME DEPOT INC COMMON 437076102 3,082,931 49,525 X 40,200 0 9,325
I B M COMMON 459200101 5,814,864 32,806 X X 24,750 0 8,056
INTEL CORP COMMON 458140100 5,674,023 95,462 X X 70,750 0 24,712
JACOBS ENGR GROUP I COMMON 469814107 2,518,084 63,850 X 56,300 0 7,550
JOHNSON & JOHNSON COMMON 478160104 6,666,363 71,298 X X 57,175 0 14,123
LILLY, ELI AND COMP COMMON 532457108 4,099,463 48,300 X X 35,625 0 12,675
LOWES CO COMMON 548661107 2,991,060 49,439 X X 36,925 0 12,514
LUCENT TECHNOLOGIES COMMON 549463107 7,359,552 136,288 X X 110,442 0 25,846
MAGNA INTL INC CL A COMMON 559222401 1,572,336 27,091 X X 17,025 0 10,066
MBIA INC COMMON 55262C100 3,389,694 58,443 X X 45,225 0 13,218
MCI WORLDCOM INC CO COMMON 55268B106 6,627,398 74,833 X X 53,375 0 21,458
MEDTRONIC INC COMMON 585055106 4,551,484 63,325 X X 49,400 0 13,925
MELLON BANK CORP COMMON 585509102 3,063,072 43,525 X 35,250 0 8,275
MERCK & CO INC COMMON 589331107 7,217,500 90,078 X X 69,525 0 20,553
<PAGE>
PAGE 3
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT VOTING AUTHORITY
DISCRETION (SHARES)
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
------ ----- ------ ----- ------ ------------------------ --- --- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MOBIL CORP COMMON 607059102 2,860,000 32,500 X 27,975 0 4,525
NETWORKS ASSOCS INC COMMON 640938106 1,408,157 45,887 X 36,925 0 8,962
NORTHERN TRUST CORP COMMON 665859104 3,317,147 37,350 X 31,350 0 6,000
NOVARTIS AG SPONSOR COMMON 66987V109 2,069,219 25,625 X X 16,875 0 8,750
ORACLE CORP COM COMMON 68389X105 1,744,627 66,147 X 52,185 0 13,962
PEPSICO INC COMMON 713448108 4,361,020 111,286 X X 86,525 0 24,761
PFIZER INC COMMON 717081103 7,467,664 53,821 X X 41,475 0 12,346
PHARMACIA & UPJOHN, COMMON 716941109 3,330,201 53,390 X X 40,025 0 13,365
PHILIP MORRIS COS I COMMON 718154107 4,586,691 130,350 X 105,975 0 24,375
PROCTER & GAMBLE CO COMMON 742718109 5,121,642 52,295 X X 38,325 0 13,970
ROYAL DUTCH PETRO-N COMMON 780257804 1,435,200 27,600 X 19,625 0 7,975
SAFEWAY INC COM NEW COMMON 786514208 4,924,768 95,976 X X 73,275 0 22,701
SCHERING PLOUGH COR COMMON 806605101 7,827,323 141,671 X X 109,700 0 31,971
SCHLUMBERGER COMMON 806857108 3,145,940 52,269 X X 34,975 0 17,294
SMITHKLINE BEECHAM COMMON 832378301 3,253,250 45,500 X 32,875 0 12,625
TIME WARNER INC COM COMMON 887315109 691,980 9,772 X 0 0 9,772
TYCO INTL LTD NEW C COMMON 902124106 4,985,262 69,481 X X 46,975 0 22,506
VALSPAR CORP COMMON 920355104 2,120,211 67,175 X 60,725 0 6,450
WAL MART STORES INC COMMON 931142103 4,740,742 102,850 X X 77,900 0 24,950
WALGREEN COMPANY COMMON 931422109 7,316,750 259,000 X X 206,200 0 52,800
WARNER LAMBERT CO COMMON 934488107 4,980,344 75,175 X 63,075 0 12,100
WELLS FARGO NEW COMMON 949746101 4,554,619 129,900 X 107,175 0 22,725
TOTAL 288,763,470
</TABLE>
<PAGE>
<TABLE>
PAGE 1
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6)
INVESTMENT DISCRETION
----------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C)
-------- ------ --------- --------- --------- ---------- ----- ------
<S> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABS COM COMMON 2824100 4,804,133 102,625 102,625.00
AES CORP COMMON 00130H105 1,292,575 34,700 34,700.00
AFFILIATED COMPUTER COMMON 8190100 2,827,350 61,800 61,800.00
ALBERTSONS INC COMMON 13104104 2,781,756 51,100 51,100.00
AMERICAN HOME PRODS COMMON 26609107 2,912,825 44,641 41,400.00 3,241
AMERICAN INTL GROUP COMMON 26874107 8,228,073 68,212 63,745.00 4,467
AMERICAN MGMT SYS I COMMON 27352103 1,545,009 45,275 45,275.00
AT & T CORP. COMMON 1957109 4,144,264 77,888 77,888.00
AUTOMATIC DATA PROC COMMON 53015103 5,203,941 125,775 125,775.00
BANK ONE CORP COMMON 06423A103 2,671,908 48,525 43,201.00 5,324
BP AMOCO ADS COMMON 55622104 2,950,917 29,217 27,592.00 1,625
CARNIVAL CRUISE LIN COMMON 143658102 5,557,978 114,450 114,450.00
CISCO SYS INC COMMON 17275R102 7,312,201 66,740 61,488.00 5,252
CITIGROUP INC. COMMON 172967101 3,188,959 49,925 49,925.00
CLOROX CO COMMON 189054109 3,536,133 30,175 30,175.00
COCA COLA CO COMMON 191216100 1,826,029 29,752 27,625.00 2,127
COLGATE PALMOLIVE C COMMON 194162103 2,771,500 30,125 30,125.00
CONCORD EFS INC COM COMMON 206197105 1,391,851 50,498 50,498.00
CVS CORP COM COMMON 126650100 3,498,375 73,650 70,550.00 3,100
E M C CORP MASS COMMON 268648102 5,558,658 43,512 40,750.00 2,762
ELAN PLC ADR COMMON 284131208 2,822,434 40,465 37,525.00 2,940
ENRON CORP COMMON 293561106 3,666,748 57,070 54,425.00 2,645
FED HOME LN MTG CP- COMMON 313400301 5,275,386 92,046 85,550.00 6,496
FEDERAL NAT MORTGAG COMMON 313586109 6,064,153 87,569 84,650.00 2,919
<PAGE>
PAGE 2
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6)
INVESTMENT DISCRETION
----------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C)
-------- ------ --------- --------- --------- ---------- ----- ------
<S> <C> <C> <C> <C> <C> <C> <C>
FEDERAL SIGNAL CORP COMMON 313855108 1,370,590 65,657 65,657.00
GENERAL ELEC CO COMMON 369604103 11,568,609 104,575 104,575.00
GILLETTE CO COM COMMON 375766102 3,784,683 63,675 63,675.00
GRAINGER, W W INC COMMON 384802104 2,227,408 51,725 51,725.00
GTE CORP COMMON 362320103 5,998,575 99,150 99,150.00
GUIDANT CORP COM COMMON 401698105 2,376,138 39,275 37,625.00 1,650
HEWLETT PACKARD CO COMMON 428236103 3,482,172 51,350 51,350.00
HOME DEPOT INC COMMON 437076102 3,082,931 49,525 49,525.00
I B M COMMON 459200101 5,814,864 32,806 30,200.00 2,606
INTEL CORP COMMON 458140100 5,674,023 95,462 87,050.00 8,412
JACOBS ENGR GROUP I COMMON 469814107 2,518,084 63,850 63,850.00
JOHNSON & JOHNSON COMMON 478160104 6,666,363 71,298 69,825.00 1,473
LILLY, ELI AND COMP COMMON 532457108 4,099,463 48,300 44,200.00 4,100
LOWES CO COMMON 548661107 2,991,060 49,439 45,375.00 4,064
LUCENT TECHNOLOGIES COMMON 549463107 7,359,552 136,288 133,514.00 2,774
MAGNA INTL INC CL A COMMON 559222401 1,572,336 27,091 24,175.00 2,916
MBIA INC COMMON 55262C100 3,389,694 58,443 55,425.00 3,018
MCI WORLDCOM INC CO COMMON 55268B106 6,627,398 74,833 65,900.00 8,933
MEDTRONIC INC COMMON 585055106 4,551,484 63,325 60,675.00 2,650
MELLON BANK CORP COMMON 585509102 3,063,072 43,525 43,525.00
MERCK & CO INC COMMON 589331107 7,217,500 90,078 83,725.00 6,353
MGIC INVT CORP WIS COMMON 552848103 1,959,994 55,900 55,900
MICROSOFT CORP COMMON 594918104 13,291,567 148,302 136,300 12,002
MOBIL CORP COMMON 607059102 2,860,000 32,500 32,500
<PAGE>
PAGE 3
HOLLAND CAPITAL MANAGEMENT
DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/1999
<CAPTION>
(ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6)
INVESTMENT DISCRETION
----------------------
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C)
-------- ------ --------- --------- --------- ---------- ----- ------
<S> <C> <C> <C> <C> <C> <C> <C>
NETWORKS ASSOCS INC COMMON 640938106 1,408,157 45,887 45,887
NORTHERN TRUST CORP COMMON 665859104 3,317,147 37,350 37,350
NOVARTIS AG SPONSOR COMMON 66987V109 2,069,219 25,625 23,975 1,650
ORACLE CORP COM COMMON 68389X105 1,744,627 66,147 66,147
PEPSICO INC COMMON 713448108 4,361,020 111,286 106,475 4,811
PFIZER INC COMMON 717081103 7,467,664 53,821 49,975 3,846
PHARMACIA & UPJOHN, COMMON 716941109 3,330,201 53,390 49,600 3,790
PHILIP MORRIS COS I COMMON 718154107 4,586,691 130,350 130,350
PROCTER & GAMBLE CO COMMON 742718109 5,121,642 52,295 46,900 5,395
ROYAL DUTCH PETRO-N COMMON 780257804 1,435,200 27,600 27,600
SAFEWAY INC COM NEW COMMON 786514208 4,924,768 95,976 90,175 5,801
SCHERING PLOUGH COR COMMON 806605101 7,827,323 141,671 134,850 6,821
SCHLUMBERGER COMMON 806857108 3,145,940 52,269 49,750 2,519
SMITHKLINE BEECHAM COMMON 832378301 3,253,250 45,500 45,500
TIME WARNER INC COM COMMON 887315109 691,980 9,772 9,772
TYCO INTL LTD NEW C COMMON 902124106 4,985,262 69,481 57,700 11,781
VALSPAR CORP COMMON 920355104 2,120,211 67,175 67,175
WAL MART STORES INC COMMON 931142103 4,740,742 102,850 94,000 8,850
WALGREEN COMPANY COMMON 931422109 7,316,750 259,000 253,500 5,500
WARNER LAMBERT CO COMMON 934488107 4,980,344 75,175 75,175
WELLS FARGO NEW COMMON 949746101 4,554,619 129,900 129,900
TOTAL 288,763,470
</TABLE>
