UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Kern Capital Management LLC
Address: 114 W. 47th Street, Suite 1926
New York, NY 10036
Form 13F File Number: 28-6932
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, and 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: John J. Crimmins
Title: Senior Vice President, Chief Financial and Operating Officer
Phone: 212-944-4726
Signature, Place, and Date of Signing:
/x/ John J. Crimmins New York, NY 8/09/99
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ x ] 13F HOLDINGS REPORT. (Check if all holdings of this reporting
manager are reported in this report.)
[ ] 13 F 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).
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 114
Form 13F Information Table Value Total: $656,380
List of Other Included Managers: None
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SHARES
SH/PUT/
VALUE PRN AMT INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x1,000) PRN CALL DISCRETION MANAGERS SOLE SHRD NONE
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACTV INC COMMON 00088E104 2818 203100 SH SOLE 157800 0 45300
ABOVENET COMMUNICATIONS COMMON 003743101 1587 39300 SH SOLE 30500 0 8800
ACTION PERFORMANCE COS COMMON 004933107 3595 108950 SH SOLE 98100 0 10850
ADEPT TECHNOLOGY INC COMMON 006854103 5036 516500 SH SOLE 516500 0 0
ADVANCE PARADIGM INC COMMON 007491103 10925 179100 SH SOLE 163300 0 15800
AMERICAN CLASSIC VOYAGES COMMON 024928103 14564 606850 SH SOLE 575750 0 31100
ANAREN MICROWAVE INC COMMON 032744104 14519 695500 SH SOLE 658500 0 37000
ANCOR COMMUNICATIONS INC COMMON 03332K108 24252 749100 SH SOLE 734900 0 14200
ANTEC CORP COMMON 03664P105 5900 184000 SH SOLE 162800 0 21200
ARGUSS HLDGS INC COMMON 040282105 7507 396400 SH SOLE 396400 0 0
ARTHROCARE CORP COMMON 043136100 11665 569000 SH SOLE 569000 0 0
AUDIOVOX CORP CL A 050757103 6958 632500 SH SOLE 632500 0 0
AULT INC COMMON 051503100 3852 470500 SH SOLE 470500 0 0
BOSTON COMMUNICTNS GRP COMMON 100582105 4233 315000 SH SOLE 315000 0 0
BROOKTROUT INC COMMON 114580103 4208 262000 SH SOLE 262000 0 0
CBT GROUP PUB LTD DEP REC 124853300 4607 279200 SH SOLE 243900 0 35300
CTS CORP COMMON 126501105 3157 45100 SH SOLE 36500 0 8600
CALIFORNIA AMPLIFIER INC COMMON 129900106 1950 300000 SH SOLE 300000 0 0
CALPINE CORP COMMON 131347106 20617 381800 SH SOLE 352200 0 29600
CAMERON ASHLEY BUILDING COMMON 133290106 2916 279400 SH SOLE 279400 0 0
CARMIKE CINEMAS INC CL A 143436103 3246 203700 SH SOLE 203700 0 0
CASH AMER INTL INC COMMON 14754D100 5988 465100 SH SOLE 465100 0 0
CINAR CORP SUB VTG SHS B 171905300 17738 724000 SH SOLE 680500 0 43500
CONSOLIDATED STORES CORP COMMON 210149100 2188 81050 SH SOLE 72450 0 8600
COPPER MTN NETWORKS INC COMMON 217510106 1854 24000 SH SOLE 18550 0 5450
CORPORATE EXECUTIVE BRD COMMON 21988R102 4428 124500 SH SOLE 124500 0 0
CRAFTMADE INTL INC COMMON 22413E104 4475 344200 SH SOLE 344200 0 0
CRITICAL PATH INC COMMON 22674V100 553 10000 SH SOLE 7250 0 2750
CYTYC CORP COMMON 232946103 9627 493700 SH SOLE 465800 0 27900
DAVIDS BRIDAL INC COMMON 238576102 8248 530000 SH SOLE 530000 0 0
DIGITAL LAVA INC COMMON 253928105 796 126100 SH SOLE 126100 0 0
E4L INC COMMON 268452109 4180 576600 SH SOLE 518900 0 57700
ELANTEC SEMICONDUCTOR IN COMMON 284155108 6551 485250 SH SOLE 485250 0 0
EMULEX CORP COM NEW 292475209 34479 310100 SH SOLE 293800 0 16300
ENDOSONICS CORP COMMON 29264K105 1572 224600 SH SOLE 224600 0 0
EXIGENT INTERNATIONAL IN COMMON 302056106 1218 288700 SH SOLE 288700 0 0
FAIRFIELD COMMUNITIES COM PAR $0.01 304231301 2596 161000 SH SOLE 125300 0 35700
FIRST CASH FINL SVCS INC COMMON 31942D107 1256 130500 SH SOLE 130500 0 0
FUSION MED TECHNOLOGIES COMMON 361128101 908 120000 SH SOLE 120000 0 0
GADZOOKS INC COMMON 362553109 7853 490800 SH SOLE 490800 0 0
GENE LOGIC INC COMMON 368689105 1890 521500 SH SOLE 521500 0 0
GENELABS TECHNOLOGIES IN COMMON 368706107 2669 1581600 SH SOLE 581600 0 0
GENERAL NUTRITION COS COMMON 37047F103 3247 139300 SH SOLE 108400 0 30900
GENESCO INC COMMON 371532102 10721 736200 SH SOLE 736200 0 0
GENESYS TELECOMMUNICATIO COMMON 371931106 1500 60000 SH SOLE 46700 0 13300
GILEAD SCIENCES INC COMMON 375558103 8208 157100 SH SOLE 139300 0 17800
GLOBAL INDUSTRIES LTD COMMON 379336100 6251 487900 SH SOLE 433600 0 54300
GO2NET INC COMMON 383486107 1654 18000 SH SOLE 14000 0 4000
HANOVER DIRECT INC COMMON 410783104 4011 1395000 SH SOLE 190000 0 205000
HI / FN INC COMMON 428358105 5865 77040 SH SOLE 77040 0 0
HOMESEEKERS COM INC COMMON 437605108 1518 319500 SH SOLE 319500 0 0
IMAGE ENTMT INC COM NEW 452439201 3513 540400 SH SOLE 540400 0 0
IMPCO TECHNOLOGIES INC COM NEW 45255W106 7424 582300 SH SOLE 582300 0 0
INFORMATION RESOURCE ENG COM PAR $0.01 45675F303 15047 499500 SH SOLE 499500 0 0
INFOSPACE COM INC COMMON 45678T102 376 8000 SH SOLE 6200 0 1800
INTEGRATED MEASUREMENT S COMMON 457923100 644 50000 SH SOLE 50000 0 0
KOPIN CORP COMMON 500600101 8177 341600 SH SOLE 341600 0 0
LOEWS CINEPLEX ENTMT COMMON 540423100 3524 324000 SH SOLE 291600 0 32400
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 9737 601500 SH SOLE 601500 0 0
MADDEN STEVEN LTD COMMON 556269108 7785 574000 SH SOLE 574000 0 0
MCNAUGHTON APPAREL GROUP COMMON 582524104 628 75000 SH SOLE 75000 0 0
MEDICONSULT COM INC COMMON 58469J100 8128 778750 SH SOLE 734450 0 44300
MICREL INC COMMON 594793101 4166 56300 SH SOLE 49100 0 7200
MILLER INDUSTRIES INC COMMON 600551105 3840 975200 SH SOLE 975200 0 0
MOVIE GALLERY INC COMMON 624581104 296 55000 SH SOLE 55000 0 0
NPC INTERNATIONAL INC COMMON 629360306 11213 729300 SH SOLE 686500 0 42800
NUCO2 INC COMMON 629428103 5130 586300 SH SOLE 586300 0 0
NABORS INDS INC COMMON 629568106 2094 85900 SH SOLE 66700 0 19200
NATIONAL DATA CORP COMMON 635621105 7332 171500 SH SOLE 151200 0 20300
NEOPHARM INC COMMON 640919106 2449 166000 SH SOLE 166000 0 0
NETOPIA INC COMMON 64114K104 1635 68500 SH SOLE 68500 0 0
NEW ERA OF NETWORKS INC COMMON 644312100 4148 94400 SH SOLE 87800 0 6600
NEWGEN RESULTS CORP COMMON 651359101 3522 293500 SH SOLE 293500 0 0
NEWPARK RES INC COM PAR $.01 651718504 3097 349000 SH SOLE 349000 0 0
NEWSEDGE CORP COMMON 65249Q106 2752 352200 SH SOLE 352200 0 0
NORTHERN TECH INTL CORP COMMON 665809109 2291 321600 SH SOLE 321600 0 0
NOVA CORP GA COMMON 669784100 6956 278237 SH SOLE 257487 0 20750
NOVOSTE CORP COMMON 67010C100 3694 175900 SH SOLE 175900 0 0
OAK INDUSTRIES INC COM NEW 671400505 1751 39900 SH SOLE 32600 0 7300
OPTIMARK TECHNOLOGIES CL B CV PFD 683990204 500 50000 SH SOLE 50000 0 0
OPTIMARK TECHNOLOGIES INC 683994107 1000 100000 SH SOLE 100000 0 0
ORCAD INC COMMON 685568107 11122 855500 SH SOLE 855500 0 0
ORTHODONTIC CTRS AMER IN COMMON 68750P103 5656 400400 SH SOLE 361400 0 39000
OXFORD HEALTH PLANS INC COMMON 691471106 1326 85200 SH SOLE 77300 0 7900
PRI AUTOMATION INC COMMON 69357H106 544 15000 SH SOLE 15000 0 0
PAREXEL INTL CORP COMMON 699462107 399 30000 SH SOLE 23400 0 6600
PERCLOSE INC COMMON 71361C107 3783 78700 SH SOLE 76300 0 2400
PEREGRINE SYSTEMS INC COMMON 71366Q101 719 28000 SH SOLE 25800 0 2200
PHOTON DYNAMICS INC COMMON 719364101 9478 789800 SH SOLE 789800 0 0
PINNACLE HOLDINGS INC COMMON 72346N101 3930 160400 SH SOLE 122800 0 37600
PIXAR INC COMMON 725811103 2790 64700 SH SOLE 49800 0 14900
POWERWAVE TECHNOLOGIES I COMMON 739363109 1758 54500 SH SOLE 41900 0 12600
PUMA TECHNOLOGY INC COMMON 745887109 2028 386300 SH SOLE 386300 0 0
RENT WAY INC COMMON 76009U104 15332 622600 SH SOLE 589300 0 33300
REX STORES CORP COMMON 761624105 1869 62700 SH SOLE 62700 0 0
SBA COMMUNICATIONS CORP COMMON 78388J106 5002 516300 SH SOLE 505300 0 11000
SCOTTS CO CL A 810186106 2172 45600 SH SOLE 34900 0 10700
SHUFFLE MASTER INC COMMON 825549108 1704 203500 SH SOLE 203500 0 0
SIPEX CORP COMMON 829909100 1640 80000 SH SOLE 80000 0 0
STERLING VISION INC COMMON 859727109 843 224900 SH SOLE 224900 0 0
TELETECH HOLDINGS INC COMMON 879939106 29028 2867000 SH SOLE 664700 0 202300
TOPPS INC COMMON 890786106 4405 605000 SH SOLE 605000 0 0
UTI ENERGY CORP COMMON 903387108 3578 216000 SH SOLE 216000 0 0
US SEARCH COM INC COMMON 903404101 444 55500 SH SOLE 55500 0 0
UNITED RETAIL GROUP INC COMMON 911380103 3901 257900 SH SOLE 257900 0 0
VENATOR GROUP INC COMMON 922944103 2088 200000 SH SOLE 155600 0 44400
VERISIGN INC COMMON 92343E102 17250 200000 SH SOLE 185600 0 14400
VISTA INFORMATION SOLUTI COM NEW 928365204 4047 350000 SH SOLE 350000 0 0
WESLEY JESSEN VISIONCARE COMMON 951018100 14978 462650 SH SOLE 462650 0 0
WOMEN FIRST HEALTHCARE COMMON 978150100 2014 152000 SH SOLE 152000 0 0
ZALE CORP NEW COMMON 988858106 2860 71500 SH SOLE 55700 0 15800
ZIPLINK INC COMMON 989741103 5000 400000 SH SOLE 400000 0 0
ZOMAX INC MINN COMMON 989929104 10749 244300 SH SOLE 244300 0 0
ORCKIT COMMUNICATIONS LT COMMON M7531S107 27115 1302800 SH SOLE 240200 0 62600
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