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, 2000
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 16, 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: 136
Form 13F Information Table Value Total: $293,217
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
<PAGE>
<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>
ADAPTEC INC COM COM 00651F108 400 20000 SH Sole 20000
ADVANCED MICRO DEVICES COM COM 007903107 354 15000 SH Sole 15000
AEP INDS INC COM COM 001031103 4400 129650 SH Sole 129650
AETRIUM INC COM 00817R103 111 20000 SH Sole 20000
AK STL HLDG CORP COM COM 001547108 1625 169903 SH Sole 169903
ALASKA AIR GROUP INC COM COM 011659109 3113 129700 SH Sole 129700
ALLSTATE CORP COM 020002101 3117 89700 SH Sole 89700
AMBI INC COM 00163N10 58 36800 SH Sole 36800
AMERICAN EXPRESS CO COM COM 025816109 200 3300 SH Sole 3300
AMGEN INC COM COM 031162100 10992 157420 SH Sole 157420
AMR CORP COM 00176510 1348 41250 SH Sole 41250
ARV ASSISTED LIVING COM 00204C107 707 808000 SH Sole 808000
ASHLAND INC COM 04420410 5259 161500 SH Sole 161500
AT&T CORP COM COM 001957109 11352 386460 SH Sole 386460
AULT INC COM COM 051503100 109 13200 SH Sole 13200
AUTOLOGIC INFORMATION INTL INC COM 052803103 1879 613483 SH Sole 613483
BARRICK GOLD CORP COM 067901108 303 20000 SH Sole 20000
BELCO OIL & GAS CORP COM 07741010 1274 143500 SH Sole 143500
BILLING CONCEPTS CORP COM 090063108 1163 364800 SH Sole 364800
BIRMINGHAM STL CORP COM COM 091250100 148 46500 SH Sole 46500
BOYD GAMING CORP COM 10330410 4815 987600 SH Sole 987600
BURLINGTON RES INC COM COM 122014103 1841 50000 SH Sole 50000
C P CLARE CORP COM COM 12615K107 441 102275 SH Sole 102275
CARRIERL INTL S A COM 14450030 660 91000 SH Sole 91000
CENDANT CORP COM 151313103 1344 120100 SH Sole 120100
CHAMPION ENTERPRISES COM COM 158496109 98 23000 SH Sole 23000
CHYRON CORP COM 171605207 308 112100 SH Sole 112100
CITIGROUP INC COM 172967101 573 10600 SH Sole 10600
CLEAR CHANNEL COMMUN COM COM 184502102 565 10000 SH Sole 10000
COASTCAST CORP COM 19057T10 233 15000 SH Sole 15000
COMPUTER TASK GROUP COM COM 205477102 38 12000 SH Sole 12000
CROWN AMERN RLTY TR COM 228186102 177 29200 SH Sole 29200
CROWN CRAFTS INC COM 228309100 27 25000 SH Sole 25000
CYPRESS BIOSCIENCES COM COM 232674101 17 10000 SH Sole 10000
DATA BROADCASTING CORP COM 23759610 32 10000 SH Sole 10000
DETREX CORP COM 250685104 1098 188870 SH Sole 188870
DIME BANCORP INC NEW COM COM 25429Q102 9634 446783 SH Sole 446783
DREXLER TECHNOLOGY CP COM COM 261876106 1963 103000 SH Sole 103000
DUNDEE PRECIOUS METALS INC COM 265269100 354 72900 SH Sole 72900
EARTHLINK NETWORK INC COM 270322100 265 29000 SH Sole 29000
EMERITUS CORP COM COM 291005106 1236 581731 SH Sole 581731
EQUITY RESIDENT PPTYS SH BEN INT COM 29476L107 2342 48787 SH Sole 48787
ESTERLINE TECHNOLOGIES COM 297425100 1587 80600 SH Sole 80600
F5 NETWORKS INC COM 315616102 1618 47600 SH Sole 47600
FOREST OIL CORP COM 346091606 764 48500 SH Sole 48500
FRISCO BAY INDS LTD COM 358751105 719 250250 SH Sole 250250
GARDENBURGER INC COM 365476100 95 27200 SH Sole 27200
GENUS INC COM 372461103 69 18100 SH Sole 18100
GLOBAL CROSSING LTD COM G3921A10 3550 114500 SH Sole 114500
GP STRATEGIES CORP COM 36225V10 154 26000 SH Sole 26000
GREY WOLF INC COM 39788810 1150 200000 SH Sole 200000
HARRIS % HARRIS GROUP COM 413833104 336 47300 SH Sole 47300
HCA - HEALTHCARE COM 40411910 2202 59300 SH Sole 59300
HEALTH RISK MGMT COM COM 421935107 2512 401874 SH Sole 401874
HIBERNIA CORP CL A COM 428656102 6674 544800 SH Sole 544800
HMT TECHNOLOGY CORP COM 403917107 243 70000 SH Sole 70000
HOLLINGER INTL INC CL A COM 435569108 7908 472100 SH Sole 472100
HOMESTAKE MNG CO COM COM 437614100 890 171500 SH Sole 171500
HOVNANIAN ENTERPRISES CL A COM 442487203 1327 178400 SH Sole 178400
HUGOTON RTY TR TEX COM 44471710 144 10000 SH Sole 10000
ICO HLDGS INC COM 449293109 320 160000 SH Sole 160000
INFOSPACE COM INC COM 45678T102 299 10000 SH Sole 10000
INPUT/OUTPUT INC COM 45765210 842 87500 SH Sole 87500
INTERMEDIA COMMUNICATN COM COM 458801107 218 7400 SH Sole 7400
IXL ENTERPRISES INC COM 45071810 88 20000 SH Sole 20000
KAISER VENTURES INC COM 483100103 600 52200 SH Sole 52200
KCS ENERGY INC COM COM 482434206 94 42900 SH Sole 42900
LECHTERS CORP COM COM 523238103 79 74600 SH Sole 74600
LTV CORP NEW COM COM 501921100 3454 2630450 SH Sole 2630450
LUCENT TECHNOLOGIES COM COM 549463107 1818 59482 SH Sole 59482
MERCER INTERNATIONAL INC-SBI COM 588056101 1440 168200 SH Sole 168200
MESA AIR GROUP INC COM 590479101 566 103513 SH Sole 103513
MESSAGEMEDIA INC COM 590787107 31 12300 SH Sole 12300
MICROSOFT CORP COM COM 594918104 28785 477267 SH Sole 477267
MITCHELL ENERGY & DEV COM 606592220 3763 80700 SH Sole 80700
N2H2 INC COM 8856100 169 67500 SH Sole 67500
NEW PLAN EXCEL RLTY TR COM 648053106 2169 158480 SH Sole 158480
NEWMONT MINING CORP COM COM 651639106 378 20000 SH Sole 20000
NORTEL NETWORKS COM 65656810 6528 109600 SH Sole 109600
NUVEEN INVT QUALITY MUNI FUND COM 67062E10 328 25100 SH Sole 25100
OFFICEMAX INC COM COM 67622M108 1643 461200 SH Sole 461200
ONVIA COM INC COM 68338T10 168 37900 SH Sole 37900
OPEN MKT INC COM 68370M10 117 18600 SH Sole 18600
OREGON STL MLS INC COM COM 686079104 1324 706275 SH Sole 706275
PAXSON COMMUNICATIONS CORP COM 704231109 286 24700 SH Sole 24700
PE CORP CELERA GEN GP COM 69332s21 1016 10194 SH Sole 10194
PERFORMANCE TECH INC COM 71376K102 172 12250 SH Sole 12250
PERINI CORP COM COM 713839108 72 17000 SH Sole 17000
PERRIGO CO COM COM 714290103 658 96200 SH Sole 96200
PLUM CREEK TIMBER COM 729237107 2537 113700 SH Sole 113700
POGO PRODUCING CO COM COM 730448107 7655 301683 SH Sole 301683
PSC INC COM 69361E107 113 37600 SH Sole 37600
PSINET INC COM 74437C10 193 20000 SH Sole 20000
PUTNAM MASTR INTR INCM SH BEN 746909100 2112 328050 SH Sole 328050
PYRAMID BREWERIES INC COM COM 747135101 122 51300 SH Sole 51300
PYRAMID BREWERIES INC COM COM 747135101 122 51300 SH Sole 51300
QUIPP INC COM COM 748802105 5701 225780 SH Sole 225780
RADIO UNICA COMMUNICATIONS COM 75040Q10 72 18500 SH Sole 18500
RAILAMERICA INC COM 750753105 1003 128400 SH Sole 128400
RARE MEDIUM GROUP INC COM 75382N10 608 81800 SH Sole 81800
RIMAGE CORP COM 766721104 644 34350 SH Sole 34350
ROSETTA BIOSYSTEMS COM 8856797 3500 125000 SH Sole 125000
ROYCE MICRO-CAP TR INC COM COM 780915104 1101 101232 SH Sole 101232
ROYCE VALUE TR INC COM COM 780910105 1413 97895 SH Sole 97895
RYERSON TULL INC COM 78375P107 841 89100 SH Sole 89100
S3 INC COM COM 784849101 103 10000 SH Sole 10000
SAFEGUARD SCIENTIFICS COM 78644910 413 20700 SH Sole 20700
SCIOS INC COM COM 808905103 666 64174 SH Sole 64174
SEMITOOL INC COM COM 816909105 1097 85600 SH Sole 85600
SHURGARD STORAGE CTRS COM 82567D104 5879 260565 SH Sole 260565
SMITHKLINE BEECHAM PLC ADR REP ORD COM 832378301 220 3200 SH Sole 3200
SPRINT CORP COM COM 852061100 649 20000 SH Sole 20000
STERLING FINL CORP WA COM 859319105 758 66595 SH Sole 66595
STEWART&STEVENSON SVCS COM COM 860342104 1324 75900 SH Sole 75900
SUNOCO INC COM 86764P10 4189 156600 SH Sole 156600
SUNTRUST BKS INC COM COM 867914103 996 20000 SH Sole 20000
TANDYCRAFTS INC COM COM 875386104 1891 864100 SH Sole 864100
TEGAL CORP COM 879008100 662 196106 SH Sole 196106
TESORO PETE CORP COM 88160910 1438 144700 SH Sole 144700
THE TIMBER GROUP COM 37329870 1193 44400 SH Sole 44400
TRIARC COS INC CL A COM 895927101 28842 1171239 SH Sole 1171239
TRICO MARINE SVCS INC COM COM 896106101 581 36600 SH Sole 36600
ULTRAMAR DIAMOND SHMRK COM 90400010 1692 67000 SH Sole 67000
UNISYS CORP COM COM 909214108 6125 544450 SH Sole 544450
UNITEDGLOBALCOM COM 91324750 1515 50500 SH Sole 50500
UNOCAL CORP COM COM 915289102 1744 50000 SH Sole 50000
US BANCORP DEL COM COM 902973106 8688 381880 SH Sole 381880
US LEC CORP COM 90331S109 171 20000 SH Sole 20000
USX-U S STL COM COM 90337T101 2301 151500 SH Sole 151500
VAN KAMPEN NEW YORK QUALITY MUNI COM 920922101 179 12700 SH Sole 12700
VERAMARK TECHNOLOGIES INC COM 923351100 1440 460700 SH Sole 460700
VIRTUALFUND COM INC COM 92825A107 98 34300 SH Sole 34300
VOLT INFORMATION SCIEN COM COM 928703107 17247 802174 SH Sole 802174
WASHINGTON MUT INC COM COM 9.39E+08 2641 66336 SH Sole 66336
WEIRTON STL CORP COM COM 948774104 5276 2110366 SH Sole 2110366
ZWEIG TOTAL RETURN FUND INC COM 98983710 122 17700 SH Sole 17700
</TABLE>
