UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR CALENDAR YEAR OR QUARTER ENDED: MARCH 31, 1999
CHECK HERE IF AMENDMENT []; AMENDMENT NUMBER:
THIS AMENDMENT (CHECKE ONLY ONE.): [] IS A RESTATEMENT.
[] ADDS NEW HOLDINGS ENTRIES.
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: WESTWOOD MANAGEMENT CORPORATION
ADDRESS: 300 CRESCENT COURT, SUITE 1300
DALLAS, TEXAS 75201
13 FILE NUMBER: 28-5046
THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE
PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THE PERSON
SIGNING THIS 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: SUSAN BYRNE
TITLE: PRESIDENT AND CHIEF INVESTMENT OFFICER
PHONE: 214-756-6900
SIGNATURE: SUSAN BYRNE, DALLAS, TEXAS JUNE 17, 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.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 191
FORM 13F INFORMATION TABLE VALUE TOTAL: $1603030
LIST OF OTHER INCLUDED MANAGERS:
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<TABLE> <C> <C>
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>
ABN AMRO HOLDING NV-SP ADR COM 000937102 18692 903527 SH SOLE 882140 21387
AGL RESOURCES INC COM 001204106 2854 162500 SH SOLE 162500
AK STEEL HOLDING CORP COM 001547108 2374 105200 SH SOLE 105200
ALASKA AIRGROUP INC. COM 011659109 3391 71400 SH SOLE 71400
ALCOA COM 013817101 42424 1030018 SH SOLE 986118 43900
ALKERMES INC COM 01642T108 706 25900 SH SOLE 25900
AMERICAN ONLINE INC. COM 02364J104 5770 39250 SH SOLE 39250
AMES DEPT STORES COM 030789507 3872 104300 SH SOLE 104300
ANHEUSER-BUSCH INC. COM 035229103 38276 502811 SH SOLE 489611 13200
ANNTAYLOR STORES CORP COM 036115103 28111 636179 SH SOLE 611079 25100
ANTEC CORP COM 03664P105 1346 62600 SH SOLE 62600
APACHE CORP COM 037411105 23647 907319 SH SOLE 869719 37600
APPLIED MICRO CIRCUITS CORP COM 03822W109 1902 44500 SH SOLE 44500
AWARE INC COM 05453n100 1668 35500 SH SOLE 35500
AXENT TECHNOLOGIES COM 05459c108 1302 54100 SH SOLE 54100
BEAR STEARNS COM 073902108 699 15645 SH SOLE 15645
BEST BUY COMPANY INC COM 086516101 400 7700 SH SOLE 7700
BIOMATRIX INC COM 09060P102 1895 24300 SH SOLE 24300
BRINKER INTERNATIONAL INC COM 109641100 630 24300 SH SOLE 24300
BURLINGTON RESOURCES INC COM 122014103 22491 563152 SH SOLE 540373 22779
CADENCE DESIGN SYSTEMS INC COM 127387108 626 24300 SH SOLE 24300
CEC ENTERTAINMENT, INC. COM 125137109 3785 105500 SH SOLE 105500
CENTOCOR INC COM 152342101 602 16300 SH SOLE 16300
CHANCELLOR MEDIA CORP COM 158915108 23894 507036 SH SOLE 485536 21500
CHATTEM INC COM 162456107 1091 34900 SH SOLE 34900
CHICO'S FAS INC COM 168615102 1314 61100 SH SOLE 61100
CIGNA COM 125509109 41022 489450 SH SOLE 468550 20900
CINAR FILMS INC-CL B COM 171905300 3827 166400 SH SOLE 166400
CITIGROUP COM 172967101 38628 604749 SH SOLE 579549 25200
CITRIX SYSTEMS COM 177376100 252 6600 SH SOLE 6600
CLOSURE MEDICAL CORPORATION COM 189093107 1531 40300 SH SOLE 40300
CNF TRANSPORTATION COM 12612W104 20393 539328 SH SOLE 517228 22100
CONCENTRIC NETWORK CORP COM 20589R107 2168 29000 SH SOLE 29000
CONSECO INC. COM 208464107 38715 1253934 SH SOLE 1199434 54500
COORS (ADOLPH) - CL B COM 217016104 680 12600 SH SOLE 12600
COST PLUS INC / CALIFORNIA COM 221485105 1378 46900 SH SOLE 46900
CUMULUS MEDIA INC. - CL A COM 231082108 916 78000 SH SOLE 78000
CVS CORP. COM 126650100 38603 812692 SH SOLE 778192 34500
CYTYC CORPORATION COM 232946103 1132 81600 SH SOLE 81600
D & K HEALTHCARE RESOURCES COM 232861104 426 17200 SH SOLE 17200
DAIMLERCHRYSLER COM d1668r123 37452 436445 SH SOLE 417447 18998
DEERE & CO COM 244199105 19321 500218 SH SOLE 479318 20900
DEVON ENERGY CORPORATION COM 251799102 1543 56000 SH SOLE 56000
DIGITAL RIVER INC COM 25388B104 1480 37000 SH SOLE 37000
DOWNEY FINANCIAL CORP COM 261018105 2223 121400 SH SOLE 121400
DPL INC COM 233293109 650 39400 SH SOLE 39400
DURA AUTOMOTIVE SYSTEMS INC COM 265903104 2627 93000 SH SOLE 93000
DYCOM INDUSTRIES, INC COM 267475101 2543 58450 SH SOLE 58450
ELECTRONIC ARTS INC. COM 285512109 722 15200 SH SOLE 15200
ENRON OIL & GAS COM 293562104 391 23500 SH SOLE 23500
ESG RE LTD COM G31215109 1734 109200 SH SOLE 109200
FLORIDA PROGRESS CORP COM 341109106 31183 826027 SH SOLE 810927 15100
FOODMAKER INC COM 344839204 1961 76900 SH SOLE 76900
FORE SYSTEMS COM 345449102 700 37000 SH SOLE 37000
FRESH DEL MONTE PRODUCE INC COM G36738105 704 37900 SH SOLE 37900
FRONTIER CORP COM 35906P105 846 16300 SH SOLE 16300
FUNDTECH LTD. COM M47095100 1407 46700 SH SOLE 46700
GALILEO TECHNOLOGY LTD COM M47298100 2205 75400 SH SOLE 75400
GENZYME CORP - GENERAL DIVISIO COM 372917104 20258 401653 SH SOLE 385653 16000
GTE CORP COM 362320103 36786 608028 SH SOLE 597328 10700
GULF INDONESIA RESOURCES LTD COM 402284103 1364 162900 SH SOLE 162900
GULFSTREAM AEROSPACE CORP COM 402734107 633 14600 SH SOLE 14600
HANNAFORD BROTHERS CO COM 410550107 513 11300 SH SOLE 11300
HASBRO INC COM 418056107 501 17300 SH SOLE 17300
HAWAIIAN ELECTRIC COM 419870100 940 26800 SH SOLE 26800
HENRY (JACK) & ASSOCIATES COM 426281101 1224 33300 SH SOLE 33300
HEWLETT-PACKARD COM 428236103 40583 598466 SH SOLE 573266 25200
IBM COM 459200101 44273 249779 SH SOLE 239079 10700
IDEC PHARMACEUTICALS CORP COM 449370105 2363 46000 SH SOLE 46000
INTERNATIONAL HOME FOODS INC. COM 459655106 17233 1072883 SH SOLE 1022283 50600
INTERSTATE BAKERIES COM 46072H108 517 24000 SH SOLE 24000
INTL TELECOMM DATA SYSTEMS COM 46047F104 2651 214200 SH SOLE 214200
KERR-MC GEE COM 492386107 653 19900 SH SOLE 19900
KING PHARMACEUTICALS INC COM 495582108 1415 51000 SH SOLE 51000
KRONOS INC COM 501052104 1705 69600 SH SOLE 69600
KULICKE & SOFFA INDUSTRIES COM 501242101 2134 84500 SH SOLE 84500
LAM RESEARCH CORP COM 512807108 2213 76300 SH SOLE 76300
LEAR CORPORATION COM 521865105 20781 486815 SH SOLE 466315 20500
LEARNING COMPANY INC COM 522008101 818 28200 SH SOLE 28200
LEXMARK INTL GROUP INC-CL A COM 529771107 336 3000 SH SOLE 3000
LG&E ENERGY CORP COM 501917108 614 29500 SH SOLE 29500
LIMITED INC. COM 532716107 44504 1123129 SH SOLE 1075929 47200
LOCKHEED MARTIN CORP. COM 539830109 33470 886631 SH SOLE 869001 17630
LSI LOGIC CORP COM 502161102 724 23200 SH SOLE 23200
LUCENT TECHNOLOGIES, INC. COM 549463107 21309 197306 SH SOLE 189206 8100
MARRIOTT INTERNATIONAL COM 571903202 34753 1033532 SH SOLE 983932 49600
MCI WORLDCOM INC COM 55268b106 43559 491840 SH SOLE 471240 20600
MEDQUIST INC COM 584949101 1734 57800 SH SOLE 57800
MENTOR GRAPHICS CORP COM 587200106 1979 146600 SH SOLE 146600
MERCANTILE BANCORPORATION COM 587342106 475 10000 SH SOLE 10000
METRIS COMPANIES INC COM 591598107 602 14900 SH SOLE 14900
METTLER-TOLEDO INTERNATIONAL COM 592688105 1883 76100 SH SOLE 58200 17900
MICROMUSE INC. COM 595094103 1578 34300 SH SOLE 34300
MINIMED INC. COM 60365K108 4217 41500 SH SOLE 41500
MONSANTO CO. COM 611662107 40258 876362 SH SOLE 839462 36900
MOTIVEPOWER INDUSTRIES, INC. COM 61980K101 2462 98000 SH SOLE 98000
MOVADO GROUP INC COM 624580106 1262 50500 SH SOLE 50500
NCO GROUP INC COM 628858102 2301 62200 SH SOLE 62200
NEW ERA OF NETWORKS INC COM 644312100 1450 21400 SH SOLE 21400
ORACLE CORP. COM 68389x105 35690 1353169 SH SOLE 1296269 56900
P G & E CORPORATION COM 69331c108 39440 1269696 SH SOLE 1247296 22400
PEGASUS SYSTEMS COM 705906105 1172 29400 SH SOLE 29400
PENNZENERGY COMPANY COM 70931q109 17623 1678377 SH SOLE 1604177 74200
PHARMACIA & UPJOHN INC COM 716941109 42402 679797 SH SOLE 651197 28600
PNC BANK CORP COM 693475105 39210 705687 SH SOLE 674987 30700
PROFIT RECOVERY GROUP INTL COM 743168106 2370 60000 SH SOLE 60000
RAMBUS INC COM 750917106 605 9400 SH SOLE 9400
RELIANT ENERGY COM 75952j108 36719 1408881 SH SOLE 1383981 24900
RF MICRO DEVICES INC COM 749941100 1311 13700 SH SOLE 13700
ROSS STORES INC COM 778296103 727 16600 SH SOLE 16600
SAFEWAY INC COM 786514208 37736 735408 SH SOLE 703608 31800
SANGSTAT MEDICAL CORP COM 801003104 1033 83500 SH SOLE 83500
SAVILLE SYSTEMS IRELAND-SP ADR COM 805174109 2294 187300 SH SOLE 187300
SBC COMMUNICATIONS COM 78387G103 37732 799610 SH SOLE 766110 33500
SCI SYSTEMS INC COM 783890106 388 13100 SH SOLE 13100
SEMTECH COM 816850101 1699 53300 SH SOLE 53300
SMITHKLINE BEECHAM PLC - ADR COM 832378301 41121 575122 SH SOLE 562522 12600
SNYDER COMMUNICATIONS COM 832914105 647 23200 SH SOLE 23200
SOUTHDOWN INC. COM 841297104 693 12900 SH SOLE 12900
SOUTHTRUST CORP COM 844730101 586 15700 SH SOLE 15700
SOUTHWEST AIRLINES COM 844741108 254 8400 SH SOLE 8400
STERLING COMMERCE, INC. COM 859205106 19167 623327 SH SOLE 597028 26299
STERLING SOFTWARE COM 859547101 41295 1738748 SH SOLE 1665948 72800
STEWART ENTERPRISES INC - CL A COM 860370105 588 36600 SH SOLE 36600
SUMMIT BANCORP COM 866005101 511 13100 SH SOLE 13100
TELEB@NC FINANCIAL CORPORATION COM 87925r109 1292 16200 SH SOLE 16200
TEXACO INC COM 881694103 41250 726880 SH SOLE 696620 30260
THE GREAT A & P CO. COM 390064103 558 18600 SH SOLE 18600
TIFFANY & CO. COM 886547108 47209 631560 SH SOLE 605560 26000
TIME WARNER INC COM 887315109 46861 661756 SH SOLE 625856 35900
TRANSOCEAN OFFSHORE INC COM g90076103 372 12900 SH SOLE 12900
TRANSWITCH CORP COM 894065101 2131 47100 SH SOLE 47100
UST CORP COM 902900109 2425 111000 SH SOLE 111000
VEECO INSTRUMENTS COM 922417100 1197 32400 SH SOLE 32400
VERITAS SOFTWARE CORP COM 923436109 339 4200 SH SOLE 4200
VERITY INC COM 92343C106 1176 35100 SH SOLE 35100
VIDEOSERVER INC COM 926918103 1141 147200 SH SOLE 147200
VULCAN MATERIALS CO COM 929160109 409 9900 SH SOLE 9900
WARNER-LAMBERT COM 934488107 2948 44500 SH SOLE 22900 21600
WATSON PHARMACEUTICALS COM 942683103 785 17800 SH SOLE 17800
WHITTMAN-HART INC COM 966834103 1793 83400 SH SOLE 83400
XOMED SURGICAL PRODUCTS INC COM 98412V107 2377 60550 SH SOLE 60550
AMRESCO CAPITAL TRUST INC 031919103 216 22200 SH SOLE 22200
APARTMENT INVESTMENT & MANAGEM 03748R101 536 14800 SH SOLE 14800
ARCHSTONE COMMUNITIES TRUST 039581103 583 28971 SH SOLE 28971
ARDEN REALTY GROUP INC 039793104 383 17200 SH SOLE 17200
AVALONBAY COMMUNITIES, INC. 053484101 564 17700 SH SOLE 17700
BEDFORD PROPERTY INVESTORS 076446301 1420 97100 SH SOLE 97100
BOSTON PROPERTIES INC 101121101 506 16000 SH SOLE 16000
BRANDYWINE REALTY TRUST 105368203 253 15600 SH SOLE 15600
BRE PROPERTIES, INC. 05564E106 235 10400 SH SOLE 10400
BURNHAM PACIFIC PROPERTIES, IN 12232C108 253 24400 SH SOLE 24400
CATELLUS DEVELOPMENT CORP 149111106 400 29900 SH SOLE 29900
COLONIAL PROPERTIES TRUST 195872106 311 12200 SH SOLE 12200
CRESCENT REAL ESTATE EQUITIES, 225756105 492 22900 SH SOLE 22900
DEVELOPERS DIVERSIFIED REALTY 251591103 396 27700 SH SOLE 27700
DUKE REALTY INVESTMENTS, INC. 264411505 473 22000 SH SOLE 22000
EQUITY OFFICE PROPERTIES TRUST 294741103 944 37186 SH SOLE 37186
EQUITY RESIDENTIAL PROPERTIES 29476L107 1072 26000 SH SOLE 26000
FELCOR LODGING TRUST INC 31430F101 255 11000 SH SOLE 11000
FIRST INDUSTRIAL REALTY TRUST, 32054K103 428 17900 SH SOLE 17900
FRANCHISE FINANCE CORP. OF AME 351807102 390 18500 SH SOLE 18500
GENERAL GROWTH PROPERTIES 370021107 425 13100 SH SOLE 13100
HEALTH CARE REIT, INC. 42217K106 357 16600 SH SOLE 16600
HEALTHCARE REALTY TRUST INC. 421946104 194 10200 SH SOLE 10200
HIGHWOODS PROPERTIES, INC. 431284108 357 15140 SH SOLE 15140
HOST MARRIOTT CORP 44107P104 407 36600 SH SOLE 36600
INNKEEPERS USA TRUST 4576J0104 102 10900 SH SOLE 10900
JDN REALTY CORP 465917102 354 17800 SH SOLE 17800
KIMCO REALTY CORPORATION 49446R109 15854 429948 SH SOLE 411148 18800
LIBERTY PROPERTY TRUST 531172104 338 16300 SH SOLE 16300
LTC PROPERTIES INC. 502175102 150 12400 SH SOLE 12400
MACK-CALI REALTY CORPORATION 554489104 355 12100 SH SOLE 12100
MANUFACTURED HOME COMMUNITIES, 564682102 401 16700 SH SOLE 16700
MEDITRUST CORP-PAIRED STOCK 58501t306 295 23700 SH SOLE 23700
MERISTAR HOSPITALITY CORP 58984y103 408 22453 SH SOLE 22453
MILLS CORP. 601148109 404 22500 SH SOLE 22500
NEW PLAN EXCEL REALTY TRUST 648053106 277 14440 SH SOLE 14440
POST PROPERTIES, INC. 737464107 207 5700 SH SOLE 5700
PROLOGIS 743410102 410 19982 SH SOLE 19982
PUBLIC STORAGE INC. 74460D109 637 25500 SH SOLE 25500
REGENCY REALTY 758939102 191 10200 SH SOLE 10200
ROUSE CO 779273101 282 12700 SH SOLE 12700
SIMON PROPERTY GROUP, INC. 828806109 1163 42400 SH SOLE 42400
SL GREEN REALTY CORP. 78440X101 418 22200 SH SOLE 22200
STARWOOD HOTELS & RESORTS WORL 85590a203 18179 636480 SH SOLE 608380 28100
TRINET CORPORATE REALTY TRUST, 896287109 206 8100 SH SOLE 8100
URBAN SHOPPING CENTERS, INC. 917060105 1377 48000 SH SOLE 48000
US RESTAURANT PROPERTIES 902971100 1983 102700 SH SOLE 102700
VORNADO REALTY TRUST 929042109 17533 508201 SH SOLE 483501 24700
WEEKS CORPORATION 94856P102 223 7800 SH SOLE 7800
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