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 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 March 22, 2000
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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 152
Form 13F Information Table Value Total: $388,215
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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<TABLE>
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>
ABLE TELECOM HLDG CORP COM 00371230 380 47500 SH Sole 47500
AEP INDS INC COM COM 001031103 4197 163000 SH Sole 163000
AETRIUM INC COM 00817R10 212 32100 SH Sole 32100
AK STL HLDG CORP COM COM 00154710 5806 307603 SH Sole 307603
ALBANY INTL CORP CL A COM 01234810 194 12529 SH Sole 12529
ALLSTATE CORP COM 020002101 4675 194300 SH Sole 194300
AMDOCS LTD COM G0260210 1925 55800 SH Sole 55800
AMERICA ONLINE INC DEL COM COM 02364J10 2656 35000 SH Sole 35000
AMERITRADE HLDG CORP COM 03072H10 542 25000 SH Sole 25000
ARCHITEL SYS CORP COM 03991710 12610 925500 SH Sole 925500
ARNOLD INDUSTRIES INC COM 04259510 236 16751 SH Sole 16751
ARV ASSISTED LIVING COM 00204C10 1212 808000 SH Sole 808000
AT&T CORP COM COM 00195710 4833 95110 SH Sole 95110
AULT INC COM COM 05150310 199 22100 SH Sole 22100
AUTOLOGIC INFORMATION INTL INC COM 05280310 1449 570750 SH Sole 570750
BEAZER HOMES USA INC COM COM 07556Q10 218 11300 SH Sole 11300
BERKSHIRE RLTY INC COM COM 084710102 304 24800 SH Sole 24800
BETHLEHEM STL CORP COM COM 08750910 440 52500 SH Sole 52500
BILLING CONCEPTS CORP COM 09006310 698 107400 SH Sole 107400
BIRMINGHAM STL CORP COM COM 09125010 3341 628800 SH Sole 628800
BIRNER DENTAL COM 09128310 16 11419 SH Sole 11419
BOEING CO COM COM 09702310 504 12154 SH Sole 12154
BURLINGTON RES INC COM COM 12201410 2751 83200 SH Sole 83200
C P CLARE CORP COM COM 12615K10 321 30575 SH Sole 30575
CAMPBELL SOUP CO COM COM 13442910 697 18020 SH Sole 18020
CENDANT CORP COM 15131310 1328 50000 SH Sole 50000
CHAMPION ENTERPRISES COM COM 15849610 255 30000 SH Sole 30000
CHYRON CORP COM 17160520 281 187300 SH Sole 187300
CITIGROUP INC COM 17296710 501 9000 SH Sole 9000
COPPER MTN NETWORKS COM 21751010 1463 30000 SH Sole 30000
CROWN AMERN RLTY TR COM 22818610 459 83400 SH Sole 83400
CROWN CRAFTS INC COM 22830910 72 25000 SH Sole 25000
CROWN VANTAGE INC COM 22862210 139 67500 SH Sole 67500
CYBERCASH INC COM 23246210 93 10000 SH Sole 10000
CYPRESS BIOSCIENCES COM COM 23267410 35 22183 SH Sole 22183
D R HORTON INC COM COM 23331A10 174 12625 SH Sole 12625
DELTA AIR LINES DEL COM COM 24736110 4588 92100 SH Sole 92100
DETREX CORP COM 250685104 901 232550 SH Sole 232550
DIME BANCORP INC NEW COM COM 25429Q102 10148 670975 SH Sole 670975
DISNEY WALT CO COM COM 25468710 4169 142545 SH Sole 142545
DREXLER TECHNOLOGY CP COM COM 26187610 977 100200 SH Sole 100200
E TRADE GROUP INC COM 26924610 3109 119000 SH Sole 119000
EARTHLINK NETWORK INC COM 27032210 2125 50000 SH Sole 50000
E-LOAN INC COM 2681P10 358 22000 SH Sole 22000
EMERITUS CORP COM COM 29100510 4076 627131 SH Sole 627131
EQUITY RESIDENT PPTYS SH BEN INT COM 29476L10 2510 58787 SH Sole 58787
ESTERLINE TECHNOLOGIES COM 29742510 340 29400 SH Sole 29400
EXTREME NETWORKS INC COM 30226D10 1511 18100 SH Sole 18100
FDX CORP COM COM 31304N10 1261 30800 SH Sole 30800
FISHER COS INC COM COM 33775620 3975 64375 SH Sole 64375
FLEXSTEEL INDS INC COM COM 33938210 502 37566 SH Sole 37566
FRISCO BAY INDS LTD COM 35875110 565 254750 SH Sole 254750
FSI INTL INC COM 30263310 263 22900 SH Sole 22900
GARDENBURGER INC COM 36547610 253 38200 SH Sole 38200
GENERAL ELEC CO COM COM 36960410 325 2100 SH Sole 2100
GENUS INC COM 37246110 1125 250000 SH Sole 250000
GERON CORP COM 37416310 644 51000 SH Sole 51000
GLOBAL CROSSING LTD COM G3921A10 32986 659719 SH Sole 659719
GLOBAL MARINE INC COM 37935240 416 25000 SH Sole 25000
GO2NET INC COM 38348610 4487 51578 SH Sole 51578
GRIFFON CORP COM 39843310 3328 425900 SH Sole 425900
GST TELECOMMUNICATIONS COM 36194210 4366 481700 SH Sole 481700
HARRIS % HARRIS GROUP COM 41383310 5131 446200 SH Sole 446200
HEALTH RISK MGMT COM COM 421935107 2623 428258 SH Sole 428258
HIBERNIA CORP CL A COM 42865610 2340 220200 SH Sole 220200
HIGH SPEED ACCESS CORP COM 42979U10 353 20000 SH Sole 20000
HMT TECHNOLOGY CORP COM 40391710 280 70000 SH Sole 70000
HOLLINGER INTL INC CL A COM 43556910 6552 506400 SH Sole 506400
HOMESTAKE MNG CO COM COM 43761410 1070 136900 SH Sole 136900
HOVNANIAN ENTERPRISES CL A COM 44248720 1224 192000 SH Sole 192000
ICG COMMUNICATIONS INC COM 44924610 5128 273500 SH Sole 273500
ICOS CORP COM 44929510 474 16200 SH Sole 16200
INNOVATIVE GAMING CORP OF AMERICA COM 45764F10 98 69500 SH Sole 69500
INTERMEDIA COMMUNICATN COM COM 45880110 1723 44400 SH Sole 44400
INTL PAPER CO COM COM 46014610 3951 70000 SH Sole 70000
JUNO ONLINE SVCS INC COM 48204810 533 15000 SH Sole 15000
KAISER VENTURES INC COM 48310010 834 52200 SH Sole 52200
KCS ENERGY INC COM COM 48243420 57 70300 SH Sole 70300
LECHTERS CORP COM COM 52323810 133 76000 SH Sole 76000
LTV CORP NEW COM COM 501921100 2566 622100 SH Sole 622100
MERCER INTERNATIONAL INC-SBI COM 58805610 1418 306600 SH Sole 306600
MESA AIR GROUP INC COM 59047910 634 133513 SH Sole 133513
MESSAGEMEDIA INC COM 59078710 451 32100 SH Sole 32100
MICROSOFT CORP COM COM 594918104 45448 389272 SH Sole 389272
MITCHELL ENERGY & DEV CORP CL B COM 60659230 218 10100 SH Sole 10100
MOLECULAR BIOSYSTEMS COM COM 60851310 30 29800 SH Sole 29800
MYRIAD GENETICS INC COM COM 62855J10 2179 47376 SH Sole 47376
N2H2 INC COM 8856099 249 67500 SH Sole 67500
NANOPHASE TECHNOLOGIES COM 63007910 293 60000 SH Sole 60000
NETRIX CORP COM 64114810 485 32500 SH Sole 32500
NETZERO INC COM 64122R10 673 25000 SH Sole 25000
NEW PLAN EXCEL RLTY TR COM 64805310 4793 303130 SH Sole 303130
NEWMONT MINING CORP COM COM 65163910 766 31248 SH Sole 31248
NORDSTROM INC COM COM 65566410 3734 141900 SH Sole 141900
NORTHPOINT COMMUN HLDG COM 66661010 317 13200 SH Sole 13200
NORTHWEST AIRLS CORP COM 66728010 1613 72500 SH Sole 72500
NUCOR CORP COM COM 67034610 3437 62700 SH Sole 62700
OFFICEMAX INC COM COM 67622M10 1085 199500 SH Sole 199500
OPPENHEIMER QTS CP VAL CL A COM 68381A10 536 18000 SH Sole 18000
OREGON STL MLS INC COM COM 68607910 5203 655425 SH Sole 655425
PAXSON COMMUNICATIONS CORP COM 70423110 2038 170700 SH Sole 170700
P-COM INC COM 69326210 822 93000 SH Sole 93000
PERFORMANCE TECH INC COM 71376K10 761 43800 SH Sole 43800
PERINI CORP COM COM 71383910 66 17000 SH Sole 17000
PFIZER INC COM 71708110 234 7200 SH Sole 7200
PIONEER STD ELECTRS COM 72387710 686 47500 SH Sole 47500
PITTSTON CO COM 72570188 174 16400 SH Sole 16400
PLUM CREEK TIMBER COM 72923710 2314 92540 SH Sole 92540
POGO PRODUCING CO COM COM 73044810 3374 165579 SH Sole 165579
PSC INC COM 69361E10 412 55800 SH Sole 55800
PUTNAM MASTR INTR INCM SH BEN INT COM 746909100 1728 290967 SH Sole 290967
PYRAMID BREWERIES INC COM COM 74713510 119 62300 SH Sole 62300
QUIPP INC COM COM 74880210 3432 228780 SH Sole 228780
RAILTEX INC COM 75076610 804 45000 SH Sole 45000
RGS ENERGY GROUP INC COM 74956K10 1366 66450 SH Sole 66450
RHYTHMS NETCONNECTIONS COM 76243020 620 20000 SH Sole 20000
RIMAGE CORP COM 76672110 1098 68600 SH Sole 68600
ROYCE MICRO-CAP TR INC COM COM 780915104 1440 159971 SH Sole 159971
ROYCE VALUE TR INC COM COM 78091010 1200 91854 SH Sole 91854
SCIOS INC COM COM 808905103 278 66479 SH Sole 66479
SCOTTS LIQUID GOLD INC COM COM 81020210 7 10000 SH Sole 10000
SEMITOOL INC COM COM 81690910 615 41000 SH Sole 41000
SHURGARD STORAGE CTRS COM 82567D104 4521 194960 SH Sole 194960
SMITHKLINE BEECHAM PLC ADR REP ORD COM 83237830 205 3200 SH Sole 3200
SONIC SOLUTIONS COM 83546010 79 20000 SH Sole 20000
SOUTHWEST AIRLS CO COM 84474110 9094 563962 SH Sole 563962
SPIEKER PPTYS INC COM COM 84849710 2092 57400 SH Sole 57400
STARBUCKS CORP COM COM 85524410 1290 53200 SH Sole 53200
STERLING FINL CORP WA COM 85931910 137 11895 SH Sole 11895
STEWART&STEVENSON SVCS COM COM 860342104 714 60300 SH Sole 60300
TANDYCRAFTS INC COM COM 87538610 2665 870100 SH Sole 870100
TEGAL CORP COM 87900810 369 41700 SH Sole 41700
TEMPLE INLAND INC COM 87986810 3600 54600 SH Sole 54600
THREE FIVE SYS INC COM COM 88554L10 935 22800 SH Sole 22800
TOYS R US INC COM COM 89233510 762 53225 SH Sole 53225
TRIARC COS INC CL A COM 895927101 19459 1058996 SH Sole 1058996
TRISM INC COM 89692510 3 10000 SH Sole 10000
U S INDS INC NEW COM COM 91208010 917 65500 SH Sole 65500
UNION PAC CORP COM 90781810 795 18200 SH Sole 18200
UNISYS CORP COM COM 90921410 14201 444650 SH Sole 444650
UNOCAL CORP COM COM 91528910 1343 40000 SH Sole 40000
US WATS INC COM COM 90337P10 100 40000 SH Sole 40000
USX-U S STL COM COM 90337T10 1855 56200 SH Sole 56200
VENGOLD INC COM COM 92267K10 3 14500 SH Sole 14500
VERAMARK TECHNOLOGIES INC COM 92335110 5582 455700 SH Sole 455700
VIRTUALFUND COM INC COM 92825A10 184 37900 SH Sole 37900
VISIO CORP COM 927914101 1306 27500 SH Sole 27500
VOLT INFORMATION SCIEN COM COM 928703107 19343 810187 SH Sole 810187
WASHINGTON MUT INC COM COM 939322103 4551 175887 SH Sole 175887
WEATHERFORD INTL INC COM 94707410 593 14836 SH Sole 14836
WEIRTON STL CORP COM COM 948774104 13184 1935100 SH Sole 1935100
WHITTMAN-HART INC COM 96683410 1598 29800 SH Sole 29800
</TABLE>
