United States
Securities and Exchange Commission
Washington, DC 20549
Form 13F
Report for the Calendar Year or Quarter Ended: June 30, 2003
Report type: 13F Holdings Report
Institutional Investment Manager Filing this Report:
Name: Lockheed Martin Investment Management Company
6705 Rockledge Drive, Suite 550
Bethesda, MD 20817
13F File Number #28-2847
Person signing this report on Behalf of Reporting Manager:
Name: Wayne H. Shaner
Title: Managing Director
Phone: 301-571-7127
Signature, Place, and Date of Signing:
Wayne H. Shaner, Bethesda, MD July 23, 2003
I am signing this report as required by the Securities Exchange Act of 1934.
FORM 13F
June 30, 2003
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AEP Industries Inc. COM 001031103 2864 400000 SH SOLE 400000
AGCO Corporation COM 001084102 5551 325000 SH SOLE 325000
ASA Ltd. COM 002050102 13590 360000 SH SOLE 360000
AT&T Wireless Services COM 00209A106 4105 500000 SH SOLE 500000
Adv Micro Devices COM 007903107 8653 1350000 SH SOLE 1350000
Agilent Tech Inc. COM 00846U101 977 50000 SH SOLE 50000
Alberto Culver Co. CL-A COM 013068200 6222 125000 SH SOLE 125000
Alleghany Corp COM 017175100 6698 35067 SH SOLE 35067
Allied Capital COM 01903Q108 8085 350000 SH SOLE 350000
Altria Group Inc. COM 02209s100 45440 1000000 SH SOLE 1000000
Anadarko Pete Corp. COM 032511107 17788 400000 SH SOLE 400000
Anglogold Ltd ADR COM 035128206 40513 1270000 SH SOLE 1270000
Apache Corporation COM 037411105 22120 340000 SH SOLE 340000
Archer-Daniels-Midland COM 039483102 14157 1100000 SH SOLE 1100000
BJ's Wholesale Club Inc. COM 05548J106 9412 625000 SH SOLE 625000
Berkshire Hathaway B COM 084670207 60750 25000 SH SOLE 25000
Boeing Company COM 097023105 5148 150000 SH SOLE 150000
Bowne & Company COM 103043105 13030 1000000 SH SOLE 1000000
Bristol-Myers Squibb COM 110122108 31222 1150000 SH SOLE 1150000
Burlington Northern SF COM 12189t104 5688 200000 SH SOLE 200000
Carpenter Technology COM 144285103 7410 475000 SH SOLE 475000
Circuit City Stores COM 172737108 2200 250000 SH SOLE 250000
Cleveland-Cliffs Inc. COM 185896107 5326 298400 SH SOLE 298400
Coca-Cola Company COM 191216100 6961 150000 SH SOLE 150000
ConocoPhillips COM 20825C104 29963 546770 SH SOLE 546770
Corn Products Intl COM 219023108 6757 225000 SH SOLE 225000
Corning Incorporated COM 219350105 5173 700000 SH SOLE 700000
Cott Corporation COM 22163n106 5172 250000 SH SOLE 250000
Dow Jones Co. COM 260561105 8606 200000 SH SOLE 200000
Du Pont(E.I.)deNemours COM 263534109 16031 385000 SH SOLE 385000
Esg Re Limited COM g31215109 76 255000 SH SOLE 255000
Exxon Mobil Corp COM 30231G102 6284 175000 SH SOLE 175000
Fairfax Financial Hldg COM 303901102 7695 50000 SH SOLE 50000
GEHL Company COM 368483103 768 75300 SH SOLE 75300
Gannett Company COM 364730101 36101 470000 SH SOLE 470000
Gatx Corp COM 361448103 5722 350000 SH SOLE 350000
General Motors Cl H COM 370442832 5764 450000 SH SOLE 450000
Germany Fund COM 374143105 1925 350000 SH SOLE 350000
Gold Fields Ltd New COM 38059t106 11856 973400 SH SOLE 973400
Grainger, W.W. Inc. COM 384802104 14028 300000 SH SOLE 300000
Grupo TMM-SP ADR A COM 40051D105 15400 7000000 SH SOLE 7000000
Hecla Mining Co. COM 422704106 2697 637600 SH SOLE 637600
Helmerich & Payne Inc. COM 423452101 14600 500000 SH SOLE 500000
Hershey Foods Corp. COM 427866108 6966 100000 SH SOLE 100000
Home Depot Inc. COM 437076102 331 10000 SH SOLE 10000
Hubbell Inc. Cl B COM 443510201 20687 625000 SH SOLE 625000
IMC Global, Inc. COM 449669100 8723 1300000 SH SOLE 1300000
Intermet COM 45881K104 138 40000 SH SOLE 40000
Kerr McGee Corp. COM 492386107 25760 575000 SH SOLE 575000
Kimberly-Clark Corp COM 494368103 2086 40000 SH SOLE 40000
LSI Logic Corp COM 502161102 10620 1500000 SH SOLE 1500000
Lancaster Colony Corp COM 513847103 3072 79400 SH SOLE 79400
Leucadia National Corp COM 527288104 7424 200000 SH SOLE 200000
Loew's Corporation COM 540424108 29556 625000 SH SOLE 625000
Longview Fibre Co COM 543213102 3075 375000 SH SOLE 375000
Louisiana-Pacific COM 546347105 13008 1200000 SH SOLE 1200000
Marathon Oil Corp COM 565849106 31620 1200000 SH SOLE 1200000
Markel Corporation COM 570535104 17408 68000 SH SOLE 68000
Mattel Inc. COM 577081102 3784 200000 SH SOLE 200000
McDonald's Corporation COM 580135101 12133 550000 SH SOLE 550000
Merck & Co. COM 589331107 46926 775000 SH SOLE 775000
Meridian Gold Inc. COM 589975101 2298 200000 SH SOLE 200000
Mesabi Trust COM 590672101 966 200000 SH SOLE 200000
Newmont Mining Corp. COM 651639106 51542 1587869 SH SOLE 1587869
Old Republic Intl COM 680223104 9424 275000 SH SOLE 275000
Park Place Entertainment COM 700690100 11385 1252500 SH SOLE 1252500
Placer Dome, Inc. COM 725906101 19018 1550000 SH SOLE 1550000
Pope & Talbot COM 732827100 3867 350000 SH SOLE 350000
Procter & Gamble COM 742718109 892 10000 SH SOLE 10000
RPM Inc. (Ohio) COM 749685103 2750 200000 SH SOLE 200000
Railamerica Inc. COM 750753105 11830 1400000 SH SOLE 1400000
Royal Gold Inc. COM 780287108 8568 400000 SH SOLE 400000
Ruddick Corporation COM 781258108 3773 240000 SH SOLE 240000
San Juan Basin Rty COM 798241105 538 30000 SH SOLE 30000
Saul Centers Inc. COM 804395101 4608 180000 SH SOLE 180000
Schering-Plough Corp COM 806605101 20925 1125000 SH SOLE 1125000
Schlumberger Ltd. COM 806857108 10941 230000 SH SOLE 230000
Schweitzer-Mauduit COM 808541106 3017 125000 SH SOLE 125000
Seagate Technology Inc. COM 811804988 0 17900 SH SOLE 17900
Sherwin-Williams Co. COM 824348106 13440 500000 SH SOLE 500000
Smithfield Foods, Inc. COM 832248108 5615 245000 SH SOLE 245000
Tenneco Automotive Inc. COM 880349105 2880 800000 SH SOLE 800000
The Walt Disney COM 254687106 14911 755000 SH SOLE 755000
Thomas & Betts Corp. COM 884315102 5057 350000 SH SOLE 350000
Timken Company COM 887389104 9630 550000 SH SOLE 550000
Transocean Sedco Forex COM G90078109 19773 900000 SH SOLE 900000
Triarc Companies Inc. COM 895927101 17244 575000 SH SOLE 575000
Tyco International LTD COM 902124106 31317 1650000 SH SOLE 1650000
Tyson Foods Inc-Cl A COM 902494103 12744 1200000 SH SOLE 1200000
UST Inc. COM 902911106 7006 200000 SH SOLE 200000
Union Pacific Corp COM 907818108 10444 180000 SH SOLE 180000
Volvo AB ADR COM 928856400 994 45000 SH SOLE 45000
Washington Post - Cl B COM 939640108 16124 22000 SH SOLE 22000
Weyerhaeuser Co. COM 962166104 5400 100000 SH SOLE 100000
White Mountains Ins COM G9618E107 10665 27000 SH SOLE 27000
Yankee Candle COM 984757104 3947 170000 SH SOLE 170000
REPORT SUMMARY 96 DATA RECORDS 1135389 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED