UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 02/09/2000
[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: 117
Form 13F Information Table Value Total: $1,340,656
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 38350 839400 SH SOLE 733400 0 106000
ADEPT TECHNOLOGY INC COMMON 006854103 5606 879400 SH SOLE 879400 0 0
ADVANCE PARADIGM INC COMMON 007491103 9740 451700 SH SOLE 420100 0 31600
AMERICAN CLASSIC VOYAGES COMMON 024928103 24183 690950 SH SOLE 656850 0 34100
AMERICAN EAGLE OUTFITTER COMMON 02553E106 2259 50200 SH SOLE 44500 0 5700
ANAREN MICROWAVE INC COMMON 032744104 44437 821000 SH SOLE 778300 0 42700
ANCOR COMMUNICATIONS INC COMMON 03332K108 28331 417400 SH SOLE 393200 0 24200
ANDOVER NET INC COMMON 034318105 3919 110000 SH SOLE 99600 0 10400
ANNTAYLOR STORES CORP COMMON 036115103 2755 80000 SH SOLE 72000 0 8000
ARGUSS HLDGS INC COMMON 040282105 5972 459400 SH SOLE 459400 0 0
ARTHROCARE CORP COMMON 043136100 39534 648100 SH SOLE 631900 0 16200
ASTRONICS CORP COMMON 046433108 253 25000 SH SOLE 25000 0 0
BOSTON COMMUNICATIONS GR COMMON 100582105 6588 1254900 SH SOLE 1254900 0 0
BOUNDLESS CORP COM NEW 101706208 360 43000 SH SOLE 43000 0 0
BUCA INC COMMON 117769109 3146 306900 SH SOLE 306900 0 0
CBT GROUP PUB LTD DEPOSITARY RECEIPT 124853300 10693 319200 SH SOLE 283900 0 35300
CABLETRON SYS INC COMMON 126920107 27362 1052400 SH SOLE 949000 0 103400
CADIZ INC COMMON 127537108 1845 194200 SH SOLE 194200 0 0
CALIFORNIA AMPLIFIER INC COMMON 129900106 12264 466100 SH SOLE 466100 0 0
CALIFORNIA MICRO DEVICES COMMON 130439102 2368 201500 SH SOLE 201500 0 0
CALLAWAY GOLF CO COMMON 131193104 8172 462000 SH SOLE 376900 0 85100
CALPINE CORP COMMON 131347106 42534 664600 SH SOLE 624200 0 40400
CASH AMER INTL INC COMMON 14754D100 10925 1120500 SH SOLE 1120500 0 0
CHAMPIONSHIP AUTO RACING COMMON 158711101 11946 519400 SH SOLE 519400 0 0
CINAR CORP SUB VTG SHS B 171905300 28204 1151200 SH SOLE 1085200 0 66000
COMPUTER OUTSOURCING SVC COMMON 205265101 8850 350500 SH SOLE 350500 0 0
CORPORATE EXECUTIVE BRD COMMON 21988R102 6956 124500 SH SOLE 124500 0 0
COSTAR GROUP INC COMMON 22160N109 4126 115000 SH SOLE 115000 0 0
CRITICAL PATH INC COMMON 22674V100 2831 30000 SH SOLE 24450 0 5550
CYBEROPTICS CORP COMMON 232517102 2327 84600 SH SOLE 84600 0 0
CYTYC CORP COMMON 232946103 37657 616700 SH SOLE 588800 0 27900
DATALINK CORP COMMON 237934104 8389 435800 SH SOLE 435800 0 0
DAVIDS BRIDAL INC COMMON 238576102 6086 544000 SH SOLE 544000 0 0
DEB SHOPS INC COMMON 242728103 4823 260700 SH SOLE 260700 0 0
ETEC SYS INC COMMON 26922C103 2132 47500 SH SOLE 43100 0 4400
ELANTEC SEMICONDUCTOR IN COMMON 284155108 4889 148150 SH SOLE 148150 0 0
ELCOR CORP COMMON 284443108 10417 345800 SH SOLE 314500 0 31300
EMULEX CORP COM NEW 292475209 13995 124400 SH SOLE 101200 0 23200
ENDOCARE INC COMMON 29264P104 570 67500 SH SOLE 67500 0 0
EXIGENT INTERNATIONAL IN COMMON 302056106 1979 502700 SH SOLE 502700 0 0
FUSION MED TECHNOLOGIES COMMON 361128101 1560 120000 SH SOLE 120000 0 0
GENE LOGIC INC COMMON 368689105 30117 1136500 SH SOLE 1136500 0 0
GENELABS TECHNOLOGIES IN COMMON 368706107 5440 989100 SH SOLE 989100 0 0
GENESCO INC COMMON 371532102 11408 877500 SH SOLE 877500 0 0
GENESYS TELECOMMUNICATIO COMMON 371931106 6145 113800 SH SOLE 90600 0 23200
GILEAD SCIENCES INC COMMON 375558103 720 13300 SH SOLE 12000 0 1300
GUESS INC COMMON 401617105 5233 240600 SH SOLE 197000 0 43600
HANOVER DIRECT INC COMMON 410783104 17998 4965000 SH SOLE 4399700 0 565300
HEARME INC COMMON 421903105 5477 205700 SH SOLE 205700 0 0
HOMESEEKERS COM INC COMMON 437605108 11961 911300 SH SOLE 911300 0 0
IMAGE ENTMT INC COM NEW 452439201 235 42000 SH SOLE 42000 0 0
IMPCO TECHNOLOGIES INC COMMON 45255W106 16161 1159500 SH SOLE 1159500 0 0
INFORMATION RESOURCE ENG COM PAR $0.01 45675F303 14284 696800 SH SOLE 696800 0 0
INTEGRATED MEASUREMENT S COMMON 457923100 3407 241200 SH SOLE 241200 0 0
INTERNET COM CORP COMMON 460967102 9865 188800 SH SOLE 188800 0 0
INTERVU INC COMMON 46114R106 5345 50900 SH SOLE 41700 0 9200
JORE CORP COMMON 480815109 5590 715500 SH SOLE 715500 0 0
LEAPNET INC COMMON 521864108 1232 207500 SH SOLE 207500 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 18862 732500 SH SOLE 732500 0 0
MTI TECHNOLOGY CORP COMMON 553903105 10627 288200 SH SOLE 250900 0 37300
MADDEN STEVEN LTD COMMON 556269108 7900 414400 SH SOLE 414400 0 0
MARKETING SVCS GROUP INC COMMON 570907105 1759 105000 SH SOLE 84500 0 20500
MCNAUGHTON APPAREL GROUP COMMON 582524104 3387 467200 SH SOLE 467200 0 0
MEDICONSULT COM INC COMMON 58469J100 8073 1291750 SH SOLE 1247450 0 44300
MICREL INC COMMON 594793101 6867 120600 SH SOLE 104800 0 15800
MIDWAY GAMES INC COMMON 598148104 4838 202100 SH SOLE 165600 0 36500
MILLER INDS INC TENN COMMON 600551105 3579 1244700 SH SOLE 1244700 0 0
MODTECH HLDGS INC COMMON 60783C100 980 163300 SH SOLE 163300 0 0
NBTY INC COMMON 628782104 6446 557500 SH SOLE 504600 0 52900
NUCO2 INC COMMON 629428103 7810 534000 SH SOLE 534000 0 0
NABORS INDS INC COMMON 629568106 2138 69100 SH SOLE 57100 0 12000
NATIONAL DATA CORP COMMON 635621105 9699 285800 SH SOLE 256300 0 29500
NEOPHARM INC COMMON 640919106 6020 279200 SH SOLE 279200 0 0
NETCREATIONS INC COMMON 64110N102 7744 176000 SH SOLE 176000 0 0
NETPLEX GROUP INC COMMON 641147103 9948 894200 SH SOLE 894200 0 0
NETOPIA INC COMMON 64114K104 59928 1103400 SH SOLE 1054200 0 49200
NEW ERA OF NETWORKS INC COMMON 644312100 36305 762300 SH SOLE 724900 0 37400
NEWSEDGE CORP COMMON 65249Q106 5436 465100 SH SOLE 465100 0 0
NORTHERN TECH INTL CORP COMMON 665809109 3289 453700 SH SOLE 453700 0 0
NOVA CORP GA COMMON 669784100 5121 162237 SH SOLE 150887 0 11350
NUCENTRIX BROADBAND NETW COMMON 670198100 4373 178500 SH SOLE 178500 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
OSHKOSH TRUCK CORP COMMON 688239201 4344 148200 SH SOLE 148200 0 0
OXFORD HEALTH PLANS INC COMMON 691471106 2045 161200 SH SOLE 146800 0 14400
PC-TEL INC COMMON 69325Q105 5581 106300 SH SOLE 90100 0 16200
PENTON MEDIA INC COMMON 709668107 5196 216500 SH SOLE 178600 0 37900
PEREGRINE SYSTEMS INC COMMON 71366Q101 9715 115400 SH SOLE 93300 0 22100
PHOTON DYNAMICS INC COMMON 719364101 28551 736800 SH SOLE 736800 0 0
PINNACLE HOLDINGS INC COMMON 72346N101 7305 172400 SH SOLE 140000 0 32400
PRINCETON VIDEO IMAGE IN COMMON 742476104 4284 535500 SH SOLE 535500 0 0
PUMA TECHNOLOGY INC COMMON 745887109 65182 499000 SH SOLE 490800 0 8200
QUEST SOFTWARE INC COMMON 74834T103 3794 37200 SH SOLE 29600 0 7600
QUOTESMITH COM INC COMMON 749117107 2161 190000 SH SOLE 190000 0 0
RARE MEDIUM GROUP INC COMMON 75382N109 18134 531400 SH SOLE 507900 0 23500
RENT WAY INC COMMON 76009U104 22292 1192900 SH SOLE 1139800 0 53100
ROWECOM INC COMMON 77957X108 9325 205500 SH SOLE 205500 0 0
SANCHEZ COMPUTER ASSOCS COMMON 799702105 4119 100000 SH SOLE 90600 0 9400
SHOPNOW COM INC COMMON 82508R105 5833 308000 SH SOLE 277800 0 30200
SHUFFLE MASTER INC COMMON 825549108 3662 430800 SH SOLE 430800 0 0
SPECTRA-PHYSICS LASERS I COMMON 847568102 27818 993500 SH SOLE 993500 0 0
SPECTRUM CTL INC COMMON 847615101 7701 724800 SH SOLE 724800 0 0
SPEEDWAY MOTORSPORTS INC COMMON 847788106 4353 156500 SH SOLE 141000 0 15500
SUNRISE ASSISTED LIVING COMMON 86768K106 1680 122200 SH SOLE 99000 0 23200
TALX CORP COMMON 874918105 1855 140000 SH SOLE 140000 0 0
TELETECH HOLDINGS INC COMMON 879939106 103924 3083500 SH SOLE 2881200 0 202300
TOPPS INC COMMON 890786106 5221 503200 SH SOLE 503200 0 0
24 / 7 MEDIA INC COMMON 901314104 6272 111500 SH SOLE 96900 0 14600
UTI ENERGY CORP COMMON 903387108 4566 198000 SH SOLE 198000 0 0
UNO RESTAURANT CORP COMMON 914900105 779 70000 SH SOLE 70000 0 0
VERISIGN INC COMMON 92343E102 62952 329700 SH SOLE 310100 0 19600
WESLEY JESSEN VISIONCARE COMMON 951018100 16387 432650 SH SOLE 432650 0 0
WINFIELD CAP CORP COMMON 973859101 6563 175000 SH SOLE 163200 0 11800
WOMEN FIRST HEALTHCARE COMMON 978150100 851 162000 SH SOLE 162000 0 0
ZALE CORP NEW COMMON 988858106 7394 152840 SH SOLE 125740 0 27100
ZIPLINK INC COMMON 989741103 6350 508000 SH SOLE 508000 0 0
ORCKIT COMMUNICATIONS LT COMMON M7531S107 1887 55000 SH SOLE 55000 0 0
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