UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Arbor Capital Management, LLC
Address: One Financial Plaza
120 S. Sixth St., Ste. 1000
Minneapolis, MN 55402
Form 13F File No:
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 the Reporting Manager:
Name: Rick D. Leggott
Title: CEO
Phone: (612) 317-2950
Signature, Place, and Date of Signing:
/s/ Rick D. Leggott Minneapolis, M4/1/99
(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).)
List of Other Managers Reporting for this Manager:
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 82
Form 13F Information Table Value Total: $391,421,184
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. None
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
Call Title of ClassCUSIP (X$1000) Shares/ SH/ Put/I O
Value PRM AMT PRN CallD M Sole ShareNone
<S> <C> <C> <C> <C> <C> <C> <C><C><C> <C> <C>
99 CENTS ONLY STORES COMMON 65440K106 $ 2SH sole 2,500 0
ABACUS DIRECT CORP COM COMMON 002553105 $ 148,SH sole 104,400 44,400
ACTUATE SOFTWARE CORP COMMON 00508B102 $ 80,SH sole 55,900 24,350
ADVANCE PARADIGM INC COMMON 007491103 $ 154,SH sole 108,600 46,200
ADVANTAGE LEARNING SYS INC COMMON 00757K100 $ 397,SH sole 278,600 118,800
ADVENT SOFTWARE COMMON 007974108 $ 123,SH sole 86,600 37,000
AFFILIATED MANAGERS GROUP COMMON 008252108 $ 336,SH sole 235,700 100,950
AMERICREDIT CORP COMMON 03060R101 $ 581,SH sole 407,400 174,000
APPOLLO GROUP INC COMMON 37604105 $ 3SH sole 3,400 0
APPLIED MICRO CIRCUITS COMMON 03822W109 $ 73,SH sole 51,400 22,100
ASPECT DEV INC COMMON 045234101 $ 225,SH sole 158,400 67,300
BALANCE BAR CO COMMON 057623100 $ 191,SH sole 134,750 56,400
BED BATH & BEYOND COMMON 75896100 $ 6SH sole 6,900 0
BEST SOFTWARE INC COMMON 086579109 $ 334,SH sole 234,350 100,200
BINDVEW DEVELOPMENT CORP COMMON 090327107 $ 173,SH sole 121,200 51,800
BOTTOMLINE TECHNOLOGIES COMMON 101388106 $ 51,SH sole 36,150 15,650
C.H. ROBINSON WORLDWIDE INC. COMMON 12541W100 $ 450,SH sole 315,800 134,700
CARRIER ACCESS CORP COMMON 144460102 $ 55,SH sole 39,200 16,700
CITRIX SYS INC COM COMMON 177376100 $ 132,SH sole 93,200 39,550
CLOSURE MEDICAL CORP COMMON 189093107 $ 57,SH sole 40,700 17,100
CONCORD COMMUNICATIONS INC COMMON 206186108 $ 110,SH sole 77,400 33,000
CONCORD EFS INC COMMON 206197105 $ 7SH sole 7,800 0
CORPORATE EXECUTIVE BOARD CO COMMON 21988R102 $ 76,SH sole 53,800 23,000
CSG SYSTEMS INTL INC COMMON 126349109 $ 351,SH sole 248,600 102,800
DA CONSULTING GROUP INC COMMON 233027101 $ 115,SH sole 80,200 35,600
EDUCATION MANAGEMENT CORP COMMON 28139T101 $ 204,SH sole 142,300 62,500
EXCHANGE APPLICATIONS INC COMMON 300867108 $ 283,SH sole 200,400 82,900
EXPRESS SCRIPTS INC COMMON 302182100 $ 61,SH sole 42,900 18,300
FACTSET RESH SYS INC COMMON 303075105 $ 299,SH sole 208,600 90,400
FASTENAL CO COMMON 311900104 $ 49,SH sole 34,300 14,700
FISERV INC COMMON 337738108 $ 3SH sole 3,500 0
FORRESTER RESEARCH INC COMMON 346563109 $ 102,SH sole 71,200 30,950
GEMSTAR COMMON G3788V106 $ 3SH sole 3,200 0
GEOTEL COMMUNICATIONS CORP COMMON 373656107 $ 287,SH sole 201,800 86,100
HI/FN INC COMMON 428358105 $ 5SH sole 3,500 1,500
I2 COMMON 46575410 $ 3SH sole 3,000 0
INSPIRE INSURANCE SOLUTIONS COMMON 457732105 $ 183,SH sole 128,700 55,100
INTERNATIONAL NETWORKS COMMON 460053101 $ 199,SH sole 139,450 59,550
ISS GROUP INC. COMMON 450306105 $ 47,SH sole 33,400 14,000
LASON INC. COMMON 51808R107 $ 126,SH sole 88,543 38,200
MACROVISION CORP COMMON 555904101 $ 259,SH sole 181,650 77,400
MADE 2 MANAGE SYSTEMS COMMON 556466100 $ 243,SH sole 171,300 72,600
MAXIM INTEGRATED PRODS COMMON 57772K101 $ 3SH sole 3,900 0
MEDE AMERICA CORP COMMON 584067102 $ 280,SH sole 196,550 83,850
MEDICAL MANAGER COPORATION COMMON 58461C103 $ 273,SH sole 191,500 81,700
MEMBERWORKS INC COMMON 586002107 $ 287,SH sole 201,200 85,900
METZLER GROUP COMMON 592903108 $ 207,SH sole 145,500 61,900
MICREL INC COMMON 594793101 $ 62,SH sole 43,900 18,700
MINIMED INC COM COMMON 60365K108 $ 61,SH sole 43,050 18,650
MSC INDUSTRIAL DIRECT COMMON 553530106 $ 192,SH sole 135,450 57,200
NATIONAL INSTRUMENT CORP COMMON 636518102 $ 3SH sole 3,700 0
NCO GROUP INC. COMMON 628858102 $ 186,SH sole 132,600 53,500
OCULAR SCIENCES INC COMMON 675744106 $ 271,SH sole 190,100 81,200
OMNICARE INC COMMON 681904108 $ 7SH sole 7,400 0
ON ASSIGNMENT INC COMMON 682159108 $ 238,SH sole 167,500 71,450
P.F. CHANGS CHINA BISTRO INC. COMMON 69333Y108 $ 147,SH sole 104,200 43,600
PAPA JOHNS INTL INC COMMON 698813102 $ 185,SH sole 130,100 55,500
PATTERSON DENTAL CO COMMON 703412106 $ 4SH sole 4,900 0
PEGASUS SYSTEMS INC COMMON 705906105 $ 48,SH sole 33,700 14,400
PERCLOSE INC COMMON 71361C107 $ 118,SH sole 83,100 35,500
PEREGRINE SYSTEMS INC. COMMON 71366Q101 $ 251,SH sole 176,000 75,200
PERVASIVE SOFTWARE INC COMMON 715710109 $ 114,SH sole 80,500 34,100
PROBUSINESS SERVICES INC COMMON 742674104 $ 211,SH sole 149,150 61,975
PROFIT RECOVERY GROUP INTL COMMON 743168106 $ 245,SH sole 172,600 72,900
RENAL CARE GROUP COMMON 759930100 $ 307,SH sole 215,400 92,400
RESTORATION HARDWARE INC. COMMON 760981100 $ 279,SH sole 195,000 84,200
SAPIENT CORPORATION COMMON 803032108 $ 3SH sole 3,000 0
SELECT COMFORT CORPORATION COMMON 81616X103 $ 182,SH sole 127,900 54,200
SIPEX CORP. COMMON 829909100 $ 162,SH sole 112,400 49,900
STARBUCKS CORP COMMON 855244109 $ 7SH sole 7,400 0
STERICYCLE INC COMMON 858912108 $ 240,SH sole 168,500 72,200
SUPERIOR CONSULT HLDGS COM COMMON 868146101 $ 131,SH sole 92,000 39,450
SURMODICS INC COMMON 868873100 $ 29,SH sole 21,300 8,600
SYNOPSYS INC COM COMMON 871607107 $ 1SH sole 1,900 0
TRANSACTION SYS ARCHIT COMMON 893416107 $ 280,SH sole 196,050 84,450
TRANSWITCH CORP COMMON 894065101 $ 53,SH sole 36,600 16,700
VERITAS SOFTWARE CO COMMON 923436109 $ 2SH sole 2,300 0
VISUAL NETWORKS INC COMMON 928444108 $ 248,SH sole 174,500 74,000
VITESSE SEMICONDOCTOR COMMON 92849710 $ 4SH sole 4,600 0
WIILIS LEASE FINANCE COMMON 970646105 $ 202,SH sole 141,900 60,250
WILD OATS MARKETS INC. COMMON 96808B107 $ 252,SH sole 177,400 75,200
WIND RIVER SYSTEMS INC COMMON 973149107 $ 4SH sole 4,200 0
$ 391,421
</TABLE>
