UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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 05/08/00
[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: 131
Form 13F Information Table Value Total: $1,817,081
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>
AAON INC COM PAR $0.004 000360206 15185 864600 SH SOLE 864600 0 0
ACTV INC COMMON 00088E104 22692 647200 SH SOLE 582000 0 65200
ATMI INC COMMON 00207R101 12004 251400 SH SOLE 224000 0 27400
ADEPT TECHNOLOGY INC COMMON 006854103 11771 980900 SH SOLE 980900 0 0
ADVANCE PARADIGM INC COMMON 007491103 7031 592100 SH SOLE 525500 0 66600
ALAMOSA PCS HOLDINGS COMMON 011593100 10419 276000 SH SOLE 222400 0 53600
AMERICAN CLASSIC VOYAGES COMMON 024928103 26551 1054150 SH SOLE 1014650 0 39500
ANAREN MICROWAVE INC COMMON 032744104 83392 869800 SH SOLE 820100 0 49700
ANCOR COMMUNICATIONS INC COMMON 03332K108 13399 325800 SH SOLE 291900 0 33900
APPLIED FILMS CORP COMMON 038197109 3000 150000 SH SOLE 150000 0 0
ARTHROCARE CORP COMMON 043136100 83550 908150 SH SOLE 879150 0 29000
ASTRONICS CORP COMMON 046433108 762 66300 SH SOLE 66300 0 0
BLUE WAVE SYS INC COMMON 096081104 9318 582400 SH SOLE 582400 0 0
BOSTON COMMUNICATIONS GR COMMON 100582105 8820 1216500 SH SOLE 1216500 0 0
BOUNDLESS CORP COM NEW 101706208 903 58000 SH SOLE 58000 0 0
BUCA INC COMMON 117769109 5625 436900 SH SOLE 436900 0 0
CABLETRON SYS INC COMMON 126920107 30242 1029500 SH SOLE 929800 0 99700
CADIZ INC COMMON 127537108 11235 1321800 SH SOLE 1321800 0 0
CALIFORNIA AMPLIFIER INC COMMON 129900106 10934 352700 SH SOLE 352700 0 0
CALIFORNIA MICRO DEVICES COMMON 130439102 33304 1213800 SH SOLE 1213800 0 0
CALLAWAY GOLF CO COMMON 131193104 8012 516900 SH SOLE 415800 0 101100
CALPINE CORP COMMON 131347106 43419 461900 SH SOLE 435500 0 26400
CASH AMER INTL INC COMMON 14754D100 24560 1974700 SH SOLE 1974700 0 0
CHAMPIONSHIP AUTO RACING COMMON 158711101 13691 622300 SH SOLE 622300 0 0
CHERRY CORP COM NEW 164541401 4617 304000 SH SOLE 304000 0 0
CINAR CORP SUB VTG SHS B 171905300 4317 1233500 SH SOLE 1163900 0 69600
CLICKACTION INC COMMON 18681E107 1489 30000 SH SOLE 30000 0 0
COMARCO INC COMMON 200080109 11620 340500 SH SOLE 340500 0 0
COMPUTER OUTSOURCING SVC COMMON 205265101 23068 521300 SH SOLE 521300 0 0
CORPORATE EXECUTIVE BRD COMMON 21988R102 6318 124500 SH SOLE 124500 0 0
COSTAR GROUP INC COMMON 22160N109 17383 471400 SH SOLE 461400 0 10000
CRITICAL PATH INC COMMON 22674V100 8132 95670 SH SOLE 77220 0 18450
CYBEROPTICS CORP COMMON 232517102 12604 297000 SH SOLE 297000 0 0
CYTYC CORP COMMON 232946103 39763 824100 SH SOLE 786300 0 37800
DATALINK CORP COMMON 237934104 18772 938600 SH SOLE 938600 0 0
DAVIDS BRIDAL INC COMMON 238576102 8124 673500 SH SOLE 673500 0 0
ECLIPSYS CORP COMMON 278856109 6204 320200 SH SOLE 285600 0 34600
ELCOR CORP COMMON 284443108 28707 832100 SH SOLE 741300 0 90800
ELOYALTY CORP COMMON 290151109 5680 237900 SH SOLE 191200 0 46700
EMULEX CORP COM NEW 292475209 14263 130700 SH SOLE 106200 0 24500
ENDOCARE INC COMMON 29264P104 10150 530700 SH SOLE 530700 0 0
EXIGENT INTERNATIONAL IN COMMON 302056106 3455 690910 SH SOLE 690910 0 0
FASTNET CORP COMMON 311877104 121 10000 SH SOLE 10000 0 0
FUSION MED TECHNOLOGIES COMMON 361128101 16561 849300 SH SOLE 849300 0 0
GENE LOGIC INC COMMON 368689105 49659 1180600 SH SOLE 1126600 0 54000
GENESCO INC COMMON 371532102 11131 848100 SH SOLE 848100 0 0
GUESS INC COMMON 401617105 12288 384000 SH SOLE 304800 0 79200
HANOVER DIRECT INC COMMON 410783104 17990 7574700 SH SOLE 6953200 0 621500
HEARME COMMON 421903105 5270 208700 SH SOLE 208700 0 0
HOMESEEKERS COM INC COMMON 437605108 24917 1620600 SH SOLE 1620600 0 0
IMAGEX COM INC COMMON 45244D102 9861 490000 SH SOLE 490000 0 0
IMPCO TECHNOLOGIES INC COMMON 45255W106 46333 1219300 SH SOLE 1219300 0 0
INFORMATION RESOURCE ENG COM PAR $0.01 45675F303 30269 835000 SH SOLE 835000 0 0
INFOUSA INC NEW COMMON 456818301 5310 581900 SH SOLE 581900 0 0
INNERDYNE INC COMMON 45764D102 3819 623500 SH SOLE 623500 0 0
INTEREP NATL RADIO SALES COMMON 45866V109 1384 207000 SH SOLE 207000 0 0
INTERNATIONAL SPEEDWAY C CL A 460335201 912 20300 SH SOLE 20300 0 0
INTERNET COMM CORP CL A 46059F109 5552 117500 SH SOLE 117500 0 0
INTERNET COM CORP COMMON 460967102 18375 438800 SH SOLE 424000 0 14800
JORE CORP COMMON 480815109 6200 918500 SH SOLE 918500 0 0
KEITHLEY INSTRS INC COMMON 487584104 9296 195200 SH SOLE 195200 0 0
LEAPNET INC COMMON 521864108 4945 824200 SH SOLE 824200 0 0
LIGHTSPAN INC COMMON 53226T103 1420 80000 SH SOLE 63400 0 16600
LO-JACK CORP COMMON 539451104 1205 155500 SH SOLE 155500 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 50388 1063600 SH SOLE 1063600 0 0
MARKETING SVCS GROUP INC COMMON 570907105 17505 986200 SH SOLE 878600 0 107600
MCNAUGHTON APPAREL GROUP COMMON 582524104 4679 567200 SH SOLE 567200 0 0
MEDICONSULT COM INC COMMON 58469J100 1457 506750 SH SOLE 488250 0 18500
MERIX CORP COMMON 590049102 11799 507500 SH SOLE 507500 0 0
METHODE ELECTRS INC CL A 591520200 12691 251300 SH SOLE 224100 0 27200
MICHAEL FOOD INC NEW COMMON 594079105 1271 60500 SH SOLE 60500 0 0
MILLER INDS INC TENN COMMON 600551105 1432 375500 SH SOLE 375500 0 0
MODIS PROFESSIONAL SVCS COMMON 607830106 5304 428600 SH SOLE 344300 0 84300
MODTECH HLDGS INC COMMON 60783C100 5311 663900 SH SOLE 663900 0 0
NBTY INC COMMON 628782104 10268 750200 SH SOLE 665400 0 84800
NUCO2 INC COMMON 629428103 4087 305600 SH SOLE 305600 0 0
NABORS INDS INC COMMON 629568106 2748 70800 SH SOLE 58800 0 12000
NAVIDEC INC COMMON 63934Q101 2449 158000 SH SOLE 158000 0 0
NEOPHARM INC COMMON 640919106 13355 534200 SH SOLE 534200 0 0
NETCREATIONS INC COMMON 64110N102 8785 206700 SH SOLE 206700 0 0
NETPLEX GROUP INC COMMON 641147103 17781 1466500 SH SOLE 1466500 0 0
NETOPIA INC COMMON 64114K104 97626 1357100 SH SOLE 1290500 0 66600
NEW ERA OF NETWORKS INC COMMON 644312100 13635 347400 SH SOLE 329300 0 18100
NORTHERN TECH INTL CORP COMMON 665809109 3722 531700 SH SOLE 531700 0 0
NOVA CORP GA COMMON 669784100 4769 163737 SH SOLE 152387 0 11350
NUCENTRIX BROADBAND NETW COMMON 670198100 19470 660000 SH SOLE 660000 0 0
OPTIMARK TECHNOLOGIES B CV PFD 683990204 350 50000 SH SOLE 50000 0 0
OPTIMARK TECHNOLOGIES COMMON 683994107 700 100000 SH SOLE 100000 0 0
OSHKOSH TRUCK CORP COMMON 688239201 14289 460000 SH SOLE 428100 0 31900
OXFORD HEALTH PLANS INC COMMON 691471106 9682 634900 SH SOLE 565100 0 69800
P C CONNECTION COMMON 69318J100 1271 45000 SH SOLE 45000 0 0
PC-TEL INC COMMON 69325Q105 17308 230000 SH SOLE 192800 0 37200
PENTON MEDIA INC COMMON 709668107 11762 452400 SH SOLE 378100 0 74300
PEREGRINE SYSTEMS INC COMMON 71366Q101 10180 151800 SH SOLE 122100 0 29700
PHOTON DYNAMICS INC COMMON 719364101 14055 203700 SH SOLE 203700 0 0
PINNACLE HOLDINGS INC COMMON 72346N101 4881 90800 SH SOLE 74000 0 16800
PRINCETON VIDEO IMAGE IN COMMON 742476104 4904 700500 SH SOLE 700500 0 0
PUMA TECHNOLOGY INC COMMON 745887109 20810 411060 SH SOLE 397560 0 13500
RARE MEDIUM GROUP INC COMMON 75382N109 4780 108320 SH SOLE 96920 0 11400
RENT WAY INC COMMON 76009U104 32150 1648700 SH SOLE 1564100 0 84600
REX STORES CORP COMMON 761624105 1112 43500 SH SOLE 43500 0 0
ROMAC INTL INC COMMON 775835101 9003 993400 SH SOLE 993400 0 0
SANCHEZ COMPUTER ASSOCS COMMON 799702105 4250 121000 SH SOLE 108900 0 12100
SHOPNOW COM INC COMMON 82508R105 10567 722500 SH SOLE 641800 0 80700
SHUFFLE MASTER INC COMMON 825549108 4085 345800 SH SOLE 345800 0 0
SKYMALL INC COMMON 830859104 2328 332500 SH SOLE 332500 0 0
SMARTFORCE PUB LTD CO DEPOSITORY RCT 83170A206 14730 321100 SH SOLE 285700 0 35400
SPECTRA-PHYSICS LASERS I COMMON 847568102 43280 951200 SH SOLE 951200 0 0
SPECTRUM CTL INC COMMON 847615101 8740 760000 SH SOLE 760000 0 0
SPEEDWAY MOTORSPORTS INC COMMON 847788106 4065 163000 SH SOLE 144900 0 18100
ST ASSEMBLY TEST SVSC DR COMMON 85227G102 7886 162600 SH SOLE 113900 0 48700
STAMPS COM INC COMMON 852857101 13299 688600 SH SOLE 608000 0 80600
SUNRISE ASSISTED LIVING COMMON 86768K106 1619 122200 SH SOLE 99000 0 23200
TCI SATELLITE ENTMT INC CL A 872298104 10052 525600 SH SOLE 469000 0 56600
TALX CORP COMMON 874918105 1733 91200 SH SOLE 91200 0 0
TELETECH HOLDINGS INC COMMON 879939106 115989 3362000 SH SOLE 3141900 0 220100
24 / 7 MEDIA INC COMMON 901314104 5352 135500 SH SOLE 98700 0 36800
TWINLAB CORP COMMON 901774109 1546 217000 SH SOLE 217000 0 0
UTI ENERGY CORP COMMON 903387108 7524 199300 SH SOLE 199300 0 0
UNITED SHIPPING & TECHNO COMMON 911498103 7245 481000 SH SOLE 481000 0 0
VTEL CORP COMMON 918333105 5611 724000 SH SOLE 724000 0 0
VERISIGN INC COMMON 92343E102 26118 174700 SH SOLE 164500 0 10200
VITAL IMAGES INC COMMON 92846N104 450 50000 SH SOLE 50000 0 0
WAVO CORP COMMON 944027101 782 175000 SH SOLE 175000 0 0
WEBSENSE INC COMMON 947684106 4475 93100 SH SOLE 75900 0 17200
WESLEY JESSEN VISIONCARE COMMON 951018100 12929 359750 SH SOLE 359750 0 0
XIOX CORP COMMON 983905100 2465 57500 SH SOLE 57500 0 0
ZALE CORP NEW COMMON 988858106 8095 171540 SH SOLE 138100 0 33440
ZIPLINK INC COMMON 989741103 10404 693600 SH SOLE 693600 0 0
ZYGO CORP COMMON 989855101 15705 325500 SH SOLE 325500 0 0
TEFRON LTD ORD M87482101 685 43000 SH SOLE 43000 0 0
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