United States
Securities and Exchange Commission
Washington, DC 20549
Form 13F
Report for the Calendar Year or Quarter Ended: December 31, 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: Jeffrey A. Sharpe
Title: Managing Director
Phone: 301-571-7130
Signature, Place, and Date of Signing:
Jeffrey A. Sharpe, Bethesda, MD January 20, 2004
I am signing this report as required by the Securities Exchange Act of 1934.
FORM 13F
December 31, 2003
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AEP Industries Inc. COM 001031103 290 29800 SH SOLE 29800
Alberto Culver Co. CL-B COM 013068101 7885 125000 SH SOLE 125000
Alleghany Corp COM 017175100 7803 35067 SH SOLE 35067
Allied Capital COM 01903Q108 6970 250000 SH SOLE 250000
Altria Group Inc. COM 02209s103 13605 250000 SH SOLE 250000
Anadarko Pete Corp. COM 032511107 7396 145000 SH SOLE 145000
Anglogold Ltd ADR COM 035128206 10040 215000 SH SOLE 215000
Archer-Daniels-Midland COM 039483102 5327 350000 SH SOLE 350000
Automatic Data Processing COM 053015103 10893 275000 SH SOLE 275000
Axis Capital COM g0692u109 32522 1110727 SH SOLE 1110727
Berkshire Hathaway B COM 084670207 28150 10000 SH SOLE 10000
Bristol-Myers Squibb COM 110122108 7150 250000 SH SOLE 250000
Coca-Cola Company COM 191216100 11419 225000 SH SOLE 225000
ConocoPhillips COM 20825C104 7868 120000 SH SOLE 120000
Diageo Plc-ADR COM 25243q205 11893 225000 SH SOLE 225000
Exxon Mobil Corp COM 30231G102 7790 190000 SH SOLE 190000
Gannett Company COM 364730101 8916 100000 SH SOLE 100000
Genuine Parts Co. COM 372460105 5810 175000 SH SOLE 175000
Gold Fields Ltd New COM 38059t106 7318 525000 SH SOLE 525000
Grainger, W.W. Inc. COM 384802104 5213 110000 SH SOLE 110000
Grupo TMM-SP ADR A COM 40051D105 22896 5400000 SH SOLE 5400000
Honda Motor Co. ADR COM 438128308 8437 375000 SH SOLE 375000
Hubbell Inc. Cl B COM 443510201 5512 125000 SH SOLE 125000
Invacare Corp COM 461203101 6055 150000 SH SOLE 150000
Kerr McGee Corp. COM 492386107 7438 160000 SH SOLE 160000
Leucadia National Corp COM 527288104 9220 200000 SH SOLE 200000
Loew's Corporation COM 540424108 11126 225000 SH SOLE 225000
Marathon Oil Corp COM 565849106 7611 230000 SH SOLE 230000
Markel Corporation COM 570535104 8873 35000 SH SOLE 35000
McDonald's Corporation COM 580135101 8690 350000 SH SOLE 350000
Merck & Co. COM 589331107 6930 150000 SH SOLE 150000
Newmont Mining Corp. COM 651639106 10451 215000 SH SOLE 215000
Old Republic Intl COM 680223104 4692 185000 SH SOLE 185000
Placer Dome, Inc. COM 725906101 6806 380000 SH SOLE 380000
Railamerica Inc. COM 750753105 5900 500000 SH SOLE 500000
Saul Centers Inc. COM 804395101 3440 120000 SH SOLE 120000
Sherwin-Williams Co. COM 824348106 6948 200000 SH SOLE 200000
Transocean Sedco Forex COM G90078109 5762 240000 SH SOLE 240000
Triarc Companies Inc/A COM 895927101 6383 540000 SH SOLE 540000
Triarc Companies Inc/B COM 895927309 9001 835000 SH SOLE 835000
Tyco International LTD COM 902124106 10070 380000 SH SOLE 380000
Tyson Foods Inc-Cl A COM 902494103 5097 385000 SH SOLE 385000
Union Pacific Corp COM 907818108 7643 110000 SH SOLE 110000
Washington Post - Cl B COM 939640108 11871 15000 SH SOLE 15000
White Mountains Ins COM G9618E107 7819 17000 SH SOLE 17000
45 DATA RECORDS 408934 0 OTHER MANAGERS IN WHOSE BEHALF REPORT IS FILED