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 amended: [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] add new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Summit Capital Management, LLC
Address: 601 Union Street, Suite 3900
Seattle, WA 98101
Form 13F File Number: 28-7018
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 Reporting Manager:
Name: Matthew C. Rudolf
Title: Managing Director
Phone No.: 206-447-6200
Signature, Place, and Date of Signing:
Matthew C. Rudolf Seattle, Washington November 15, 1999
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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 112
Form 13F Information Table Value Total: $274,824
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
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FORM 13F INFORMATION
TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- -------- -------- ---------- ------------ ---------- -------- --------------------
TITLE VALUE SHRS OR SH/ PUT INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------------- -------- -------- ---------- -------- --- ---- ---------- -------- ------ ------ ------
<S> <C> <C> <C> <S> <C>
AEP INDS INC COM COM 001031103 6,083 164400 SH SOLE 164400
AK STL HLDG CORP COM COM 00154710 3,853 211100 SH SOLE 211100
ALBANY INTL CORP CL A COM 01234810 876 12529 SH SOLE 12529
ALLSTATE CORP COM 020002101 516 20000 SH SOLE 20000
AMDOCS LTD COM G0260210 945 45000 SH SOLE 45000
AMERICAN EXPRESS CO COM COM 02581610 216 1600 SH SOLE 1600
ARCHITEL SYS CORP COM 03991710 8,248 851400 SH SOLE 851400
ARMCO INC COM COM 04217010 834 119100 SH SOLE 119100
ARNOLD INDUSTRIES INC COM 04259510 742 58751 SH SOLE 58751
ARROW ELECTRONICS COM 42735100 818 46400 SH SOLE 46400
ASSISTED LIVING CONCEPT COM 04543L10 45 22700 SH SOLE 22700
AT&T CORP COM COM 00195710 1,531 35110 SH SOLE 35110
AUTOLOGIC INFORMATION INTL INC COM 05280310 1,618 562950 SH SOLE 562950
AVNET INC COM 05380710 626 14900 SH SOLE 14900
BEAZER HOMES USA INC COM COM 07556Q10 193 10400 SH SOLE 10400
BERKSHIRE RLTY INC COM COM 084710102 7,298 608160 SH SOLE 608160
BETHLEHEM STL CORP COM COM 08750910 2,083 282500 SH SOLE 282500
BIRMINGHAM STL CORP COM COM 09125010 5,785 758700 SH SOLE 758700
BIRNER DENTAL COM 09128310 28 11654 SH SOLE 11654
C P CLARE CORP COM COM 12615K10 1,122 176075 SH SOLE 176075
CAMPBELL SOUP CO COM COM 13442910 705 18020 SH SOLE 18020
CHAMPION ENTERPRISES COM COM 15849610 270 30000 SH SOLE 30000
CITIGROUP INC COM 17296710 396 9000 SH SOLE 9000
CROWN AMERN RLTY TR COM 22818610 775 120400 SH SOLE 120400
CROWN CRAFTS INC COM 22830910 203 67500 SH SOLE 67500
CROWN VANTAGE INC COM 22862210 148 67500 SH SOLE 67500
CYPRESS BIOSCIENCES COM COM 23267410 58 22183 SH SOLE 22183
DELPHI FINL GROUP INC COM 24713110 513 17000 SH SOLE 17000
DETREX CORP COM 250685104 1,100 234650 SH SOLE 234650
DIME BANCORP INC NEW COM COM 25429Q102 9,793 559575 SH SOLE 559575
DREXLER TECHNOLOGY CP COM COM 26187610 726 100200 SH SOLE 100200
EMERITUS CORP 6.25 due 1/1/05 BOND 291005aa 1,923 3205 PRN SOLE
EMERITUS CORP COM COM 29100510 4,891 646681 SH SOLE 646681
FISHER COS INC COM COM 33775620 3,848 65225 SH SOLE 65225
FLEXSTEEL INDS INC COM COM 33938210 525 38866 SH SOLE 38866
FRISCO BAY INDS LTD COM 35875110 488 229750 SH SOLE 229750
GENERAL ELEC CO COM COM 36960410 249 2100 SH SOLE 2100
GENUS INC COM 37246110 506 222000 SH SOLE 222000
GLOBAL CROSSING LTD COM G3921A10 18,071 681920 SH SOLE 681920
GRIFFON CORP COM 39843310 3,419 427400 SH SOLE 427400
GST TELECOMMUNICATIONS COM 36194210 1,105 157200 SH SOLE 157200
HARRIS % HARRIS GROUP COM 41383310 1,545 520300 SH SOLE 520300
HEALTH RISK MGMT COM COM 421935107 2,878 460408 SH SOLE 460408
HIBERNIA CORP CL A COM 42865610 621 53400 SH SOLE 53400
HOLLINGER INTL INC CL A COM 43556910 10,140 853900 SH SOLE 853900
HOVNANIAN ENTERPRISES CL A COM 44248720 1,368 176500 SH SOLE 176500
ICG COMMUNICATIONS INC COM 44924610 3,579 230000 SH SOLE 230000
INNOVATIVE GAMING CORP OF AMERICA COM 45764F10 184 79500 SH SOLE 79500
INTERMEDIA COMMUNICATN COM COM 45880110 1,133 52100 SH SOLE 52100
INTL TELECOMM DATA SYS COM 46047F10 422 50000 SH SOLE 50000
ITC DELTACOM INC COM COM 45031T10 855 31100 SH SOLE 31100
IXC COMMUNICATIONS INC COM 45071310 3,072 77900 SH SOLE 77900
KAISER VENTURES INC COM 48310010 675 52200 SH SOLE 52200
KCS ENERGY INC COM COM 48243420 197 197300 SH SOLE 197300
LECHTERS CORP COM COM 52323810 147 75600 SH SOLE 75600
LTV CORP NEW COM COM 501921100 3,547 652300 SH SOLE 652300
MAIN STREET AND MAIN COM 56034530 639 182500 SH SOLE 182500
MANHATTAN ASSOCS INC COM 56275010 333 60500 SH SOLE 60500
MERCER INTERNATIONAL INC-SBI COM 58805610 954 256600 SH SOLE 256600
MESA AIR GROUP INC COM 59047910 1,003 163813 SH SOLE 163813
METROCALL INC COM COM 59164710 41 32900 SH SOLE 32900
MICROFINANCIAL INC COM 59507210 109 10000 SH SOLE 10000
MICROSOFT CORP COM COM 594918104 45,714 504772 SH SOLE 504772
MOLECULAR BIOSYSTEMS COM COM 60851310 249 142200 SH SOLE 142200
MYRIAD GENETICS INC COM COM 62855J10 737 43376 SH SOLE 43376
N2H2 INC COM 8856100 249 67500 SH SOLE 67500
NEW PLAN EXCEL RLTY TR COM 64805310 8,567 480930 SH SOLE 480930
NUCOR CORP COM COM 67034610 2,738 57500 SH SOLE 57500
OCEAN ENERGY INC TEX COM 67481E10 713 70000 SH SOLE 70000
OFFICEMAX INC COM COM 67622M10 1,186 204100 SH SOLE 204100
OLICOM A/S COM K7514Y10 15 18300 SH SOLE 18300
OPPENHEIMER QTS CP VAL CL A COM 68381A10 567 18000 SH SOLE 18000
OREGON STL MLS INC COM COM 68607910 5,051 451450 SH SOLE 451450
PAXSON COMMUNICATIONS CORP COM 70423110 216 17600 SH SOLE 17600
P-COM INC COM 69326210 896 128000 SH SOLE 128000
PERINI CORP COM COM 71383910 60 17000 SH SOLE 17000
PFIZER INC COM 71708110 258 7200 SH SOLE 7200
PITTSTON CO COM 72570188 132 16400 SH SOLE 16400
PLUM CREEK TIMBER COM 72923710 800 25500 SH SOLE 25500
POGO PRODUCING CO COM COM 73044810 3,661 176454 SH SOLE 176454
PSC INC COM 69361E10 446 55800 SH SOLE 55800
PUTNAM MASTR INTR INCM SH BEN INT COM 746909100 2,459 381917 SH SOLE 381917
PYRAMID BREWERIES INC COM COM 74713510 117 62300 SH SOLE 62300
QUIPP INC COM COM 74880210 3,323 207680 SH SOLE 207680
RAILTEX INC COM 75076610 229 13900 SH SOLE 13900
RGS ENERGY GROUP INC COM 74956K10 1,628 66450 SH SOLE 66450
RIMAGE CORP COM 76672110 467 27600 SH SOLE 27600
ROYCE MICRO-CAP TR INC COM COM 780915104 1,347 158461 SH SOLE 158461
ROYCE VALUE TR INC COM COM 78091010 1,110 89660 SH SOLE 89660
SCIOS INC COM COM 808905103 284 77129 SH SOLE 77129
SCOTTS LIQUID GOLD INC COM COM 81020210 25 26400 SH SOLE 26400
SEMITOOL INC COM COM 81690910 516 58500 SH SOLE 58500
SHURGARD STORAGE CTRS COM 82567D104 3,693 149200 SH SOLE 149200
SONIC SOLUTIONS COM 83546010 51 20000 SH SOLE 20000
SPIEKER PPTYS INC COM COM 84849710 343 9900 SH SOLE 9900
STEWART&STEVENSON SVCS COM COM 860342104 1,978 150700 SH SOLE 150700
TANDYCRAFTS INC COM COM 87538610 2,719 870100 SH SOLE 870100
TCSI CORP COM 87233R10 47 30000 SH SOLE 30000
TEXAS MERIDIAN RES CP COM COM 88254510 106 22400 SH SOLE 22400
THREE FIVE SYS INC COM COM 88554L10 319 14400 SH SOLE 14400
TIMKNE CO COM 8873890 364 22600 SH SOLE 22600
TRIARC COS INC CL A COM 895927101 22,947 1070412 SH SOLE 1070412
U S INDS INC NEW COM COM 91208010 1,047 66460 SH SOLE 66460
U S WEST INC NEW COM 91273H101 936 16400 SH SOLE 16400
US WATS INC COM COM 90337P10 61 40000 SH SOLE 40000
USX-U S STL COM COM 90337T10 773 30000 SH SOLE 30000
VERAMARK TECHNOLOGIES INC COM 92335110 3,757 323200 SH SOLE 323200
VIRTUALFUND COM INC COM 92825A10 167 66000 SH SOLE 66000
VOLT INFORMATION SCIEN COM COM 928703107 15,163 625279 SH SOLE 625279
WASHINGTON MUT INC COM COM 939322103 5,893 201474 SH SOLE 201474
WEATHERFORD INTL INC COM 94707410 475 14836 SH SOLE 14836
WEIRTON STL CORP COM COM 948774104 3,608 1698100 SH SOLE 1698100
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