UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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 11/03/1999
[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).
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 113
Form 13F Information Table Value Total: $764,009
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
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACTV INC COMMON 00088E104 6810 488600 SH SOLE 392900 0 95700
ACTION PERFORMANCE COS COMMON 004933107 1685 80000 SH SOLE 72400 0 7600
ACXIOM CORP COMMON 005125109 1573 80000 SH SOLE 62500 0 17500
ADEPT TECHNOLOGY INC COMMON 006854103 5252 724400 SH SOLE 724400 0 0
ADVANCE PARADIGM INC COMMON 007491103 9149 167100 SH SOLE 151300 0 15800
AMERICAN CLASSIC VOYAGES COMMON 024928103 15083 657550 SH SOLE 623450 0 34100
ANAREN MICROWAVE INC COMMON 032744104 20018 708600 SH SOLE 671600 0 37000
ANCOR COMMUNICATIONS INC COMMON 03332K108 11732 483800 SH SOLE 454800 0 29000
ANNTAYLOR STORES CORP COMMON 036115103 6744 165000 SH SOLE 148900 0 16100
ANTEC CORP COMMON 03664P105 8319 156600 SH SOLE 140700 0 15900
ARGUSS HLDGS INC COMMON 040282105 6776 459400 SH SOLE 459400 0 0
ARTHROCARE CORP COMMON 043136100 30262 554000 SH SOLE 554000 0 0
AUDIOVOX CORP CL A 050757103 7968 458600 SH SOLE 458600 0 0
BOSTON COMMUNICATIONS GR COMMON 100582105 6096 1060100 SH SOLE 1060100 0 0
BUCA INC COMMON 117769109 3184 244900 SH SOLE 244900 0 0
CBT GROUP PUB LTD DEPOSITORY RECEI 124853300 7860 319200 SH SOLE 283900 0 35300
CALIFORNIA AMPLIFIER INC COMMON 129900106 9851 679400 SH SOLE 679400 0 0
CALPINE CORP COMMON 131347106 28266 332300 SH SOLE 312100 0 20200
CAMERON ASHLEY BUILDING COMMON 133290106 612 68000 SH SOLE 68000 0 0
CASH AMER INTL INC COMMON 14754D100 4315 457200 SH SOLE 457200 0 0
CINAR CORP SUB VTG SHS B 171905300 22718 751000 SH SOLE 707500 0 43500
COMPUTER OUTSOURCING SVC COMMON 205265101 2492 255600 SH SOLE 255600 0 0
CORPORATE EXECUTIVE BRD COMMON 21988R102 5073 124500 SH SOLE 124500 0 0
CRITICAL PATH INC COMMON 22674V100 403 10000 SH SOLE 7250 0 2750
CYTYC CORP COMMON 232946103 19100 493700 SH SOLE 465800 0 27900
DATALINK CORP COMMON 237934104 5174 438000 SH SOLE 438000 0 0
DAVIDS BRIDAL INC COMMON 238576102 3979 535000 SH SOLE 535000 0 0
DEB SHOPS INC COMMON 242728103 5279 270700 SH SOLE 270700 0 0
DIGITAL LAVA INC COMMON 253928105 1119 242000 SH SOLE 242000 0 0
E4L INC COMMON 268452109 2229 584600 SH SOLE 526900 0 57700
ELANTEC SEMICONDUCTOR IN COMMON 284155108 5532 312750 SH SOLE 312750 0 0
EMULEX CORP COM NEW 292475209 14152 164800 SH SOLE 146400 0 18400
EXIGENT INTERNATIONAL IN COMMON 302056106 1822 462700 SH SOLE 462700 0 0
FAIRFIELD CMNTYS INC COM PAR $0.01 304231301 1345 123000 SH SOLE 98000 0 25000
FIRST CASH FINL SVCS INC COMMON 31942D107 1601 145500 SH SOLE 145500 0 0
FUSION MED TECHNOLOGIES COMMON 361128101 1560 120000 SH SOLE 120000 0 0
GENE LOGIC INC COMMON 368689105 3399 538500 SH SOLE 538500 0 0
GENELABS TECHNOLOGIES IN COMMON 368706107 2813 989100 SH SOLE 989100 0 0
GENESCO INC COMMON 371532102 10969 877500 SH SOLE 877500 0 0
GENESYS TELECOMMUNICATIO COMMON 371931106 5199 113800 SH SOLE 90600 0 23200
GILEAD SCIENCES INC COMMON 375558103 9878 153900 SH SOLE 141300 0 12600
GLOBAL INDS LTD COMMON 379336100 2745 337900 SH SOLE 305100 0 32800
GO2NET INC COMMON 383486107 2674 41300 SH SOLE 36800 0 4500
HANOVER DIRECT INC COMMON 410783104 3908 1525000 SH SOLE 1320000 0 205000
HOMESEEKERS COM INC COMMON 437605108 9431 754500 SH SOLE 754500 0 0
IMAGE ENTMT INC COM NEW 452439201 1862 405400 SH SOLE 405400 0 0
IMPCO TECHNOLOGIES INC COM NEW 45255W106 9990 779700 SH SOLE 779700 0 0
INFORMATION RESOURCE ENG COM PAR $0.01 45675F303 10450 499100 SH SOLE 499100 0 0
INTEGRATED MEASUREMENT S COMMON 457923100 1890 147500 SH SOLE 147500 0 0
INTEGRALVISION INC COMMON 45811H106 215 196400 SH SOLE 196400 0 0
INTERSPEED INC COMMON 46070W107 9475 537600 SH SOLE 537600 0 0
INTERNET COM CORP COMMON 460967102 3710 265000 SH SOLE 265000 0 0
JORE CORP COMMON 480815109 2805 235000 SH SOLE 235000 0 0
KOPIN CORP COMMON 500600101 5739 206800 SH SOLE 206800 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 8640 681000 SH SOLE 681000 0 0
MADDEN STEVEN LTD COMMON 556269108 8798 680000 SH SOLE 680000 0 0
MCNAUGHTON APPAREL GROUP COMMON 582524104 4088 467200 SH SOLE 467200 0 0
MEDICONSULT COM INC COMMON 58469J100 6446 831750 SH SOLE 787450 0 44300
MICREL INC COMMON 594793101 5231 120600 SH SOLE 104800 0 15800
MILLER INDS INC TENN COMMON 600551105 3501 1244700 SH SOLE 1244700 0 0
MODTECH HLDGS INC COMMON 60783C100 1204 163300 SH SOLE 163300 0 0
MUSICMAKER COM INC COMMON 62757C108 2885 279800 SH SOLE 253000 0 26800
NBTY INC COMMON 628782104 3763 493500 SH SOLE 445800 0 47700
NPC INTERNATIONAL INC COMMON 629360306 3546 315200 SH SOLE 315200 0 0
NUCO2 INC COMMON 629428103 3225 586300 SH SOLE 586300 0 0
NABORS INDS INC COMMON 629568106 2828 113100 SH SOLE 89900 0 23200
NATIONAL DATA CORP COMMON 635621105 7431 285800 SH SOLE 256300 0 29500
NEOPHARM INC COMMON 640919106 2857 193700 SH SOLE 193700 0 0
NET PERCEPTIONS INC COMMON 64107U101 1735 101300 SH SOLE 101300 0 0
NETOPIA INC COMMON 64114K104 40760 1022200 SH SOLE 974900 0 47300
NETRO CORP COMMON 64114R109 1218 44500 SH SOLE 35500 0 9000
NEW ERA OF NETWORKS INC COMMON 644312100 14614 675800 SH SOLE 641900 0 33900
NEWPARK RES INC COM PAR $.01NEW 651718504 3379 436000 SH SOLE 436000 0 0
NEWSEDGE CORP COMMON 65249Q106 5201 562300 SH SOLE 562300 0 0
NORTHERN TECH INTL CORP COMMON 665809109 2675 378800 SH SOLE 378800 0 0
NOVA CORP GA COMMON 669784100 4056 162237 SH SOLE 150887 0 11350
NOVOSTE CORP COMMON 67010C100 2871 160900 SH SOLE 160900 0 0
OPTIMARK TECHNOLOGIES B CV PFD 683990204 500 50000 SH SOLE 50000 0 0
OPTIMARK TECHNOLOGIES COMMON 683994107 1000 100000 SH SOLE 100000 0 0
ORTHODONTIC CTRS AMER IN COMMON 68750P103 7191 412400 SH SOLE 373400 0 39000
OUTBACK STEAKHOUSE INC COMMON 689899102 1910 75000 SH SOLE 67800 0 7200
OXFORD HEALTH PLANS INC COMMON 691471106 2003 160200 SH SOLE 145800 0 14400
PEREGRINE SYSTEMS INC COMMON 71366Q101 4605 113000 SH SOLE 90900 0 22100
PHOTON DYNAMICS INC COMMON 719364101 15051 716700 SH SOLE 716700 0 0
PINNACLE HOLDINGS INC COMMON 72346N101 3765 144100 SH SOLE 112900 0 31200
PIXAR COMMON 725811103 2457 65300 SH SOLE 52400 0 12900
POWERWAVE TECHNOLOGIES I COMMON 739363109 2628 54500 SH SOLE 41900 0 12600
PRINCETON VIDEO IMAGE IN COMMON 742476104 1031 220000 SH SOLE 220000 0 0
PROXIM INC COMMON 744284100 971 21100 SH SOLE 17000 0 4100
PUMA TECHNOLOGY INC COMMON 745887109 6867 450300 SH SOLE 450300 0 0
QUEST SOFTWARE INC COMMON 74834T103 1730 37200 SH SOLE 29600 0 7600
RARE MEDIUM GROUP INC COMMON 75382N109 13251 1254500 SH SOLE 1212000 0 42500
RENT WAY INC COMMON 76009U104 18289 962600 SH SOLE 916500 0 46100
ROWECOM INC COMMON 77957X108 4718 170000 SH SOLE 170000 0 0
SBA COMMUNICATIONS CORP COMMON 78388J106 4276 393200 SH SOLE 393200 0 0
SECURITY FIRST TECHNOLOG COMMON 814279105 1711 44000 SH SOLE 35500 0 8500
SHUFFLE MASTER INC COMMON 825549108 3554 430800 SH SOLE 430800 0 0
STERLING VISION INC COMMON 859727109 1919 722500 SH SOLE 722500 0 0
SUNRISE ASSISTED LIVNG COMMON 86768K106 5902 222200 SH SOLE 178800 0 43400
TELETECH HOLDINGS INC COMMON 879939106 41083 2883000 SH SOLE 2680700 0 202300
TOPPS INC COMMON 890786106 5051 673500 SH SOLE 673500 0 0
24 / 7 MEDIA INC COMMON 901314104 3367 88900 SH SOLE 77100 0 11800
UTI ENERGY CORP COMMON 903387108 5792 298000 SH SOLE 298000 0 0
UNO RESTAURANT CORP COMMON 914900105 2451 206400 SH SOLE 206400 0 0
VERISIGN INC COMMON 92343E102 21513 202000 SH SOLE 187600 0 14400
VISTA INFORMATION SOLUTI COM NEW 928365204 720 237600 SH SOLE 237600 0 0
WESLEY JESSEN VISIONCARE COMMON 951018100 13493 432650 SH SOLE 432650 0 0
WINFIELD CAP CORP COMMON 973859101 3049 180000 SH SOLE 167300 0 12700
WOMEN FIRST HEALTHCARE COMMON 978150100 1074 152000 SH SOLE 152000 0 0
ZALE CORP NEW COMMON 988858106 3985 104000 SH SOLE 82800 0 21200
ZIPLINK INC COMMON 989741103 5334 508000 SH SOLE 508000 0 0
ZOMAX INC MINN COMMON 989929104 3974 153600 SH SOLE 153600 0 0
ORCKIT COMMUNICATIONS LT COMMON M7531S107 24557 694200 SH SOLE 670400 0 23800
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