UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended March 31, 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 May 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: 148
Form 13F Information Table Value Total: $424,134
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>
ABIOMED INC COM 00655410 770 19000 SH Sole 19000
AEHR TEST SYSTEMS COM 00760J10 151 20000 SH Sole 20000
AEP INDS INC COM COM 001031103 4894 154750 SH Sole 154750
AETNA INC COM 008117103 278 5000 SH Sole 5000
AK STL HLDG CORP COM COM 001547108 6294 606603 SH Sole 606603
ALASKA AIR GROUP INC COM COM 011659109 725 24100 SH Sole 24100
ALBANY INTL CORP CL A COM 012348108 189 12779 SH Sole 12779
ALLSTATE CORP COM 020002101 4391 184400 SH Sole 184400
AMBI INC COM 00163N10 139 26800 SH Sole 26800
AMERICA ONLINE INC DEL COM COM 02364J104 6069 90000 SH Sole 90000
AMERICAN HOME PRODS CP COM COM 026609107 258 4800 SH Sole 4800
ARCHITEL SYS CORP COM 039917109 17045 960300 SH Sole 960300
ARV ASSISTED LIVING COM 00204C107 1162 808000 SH Sole 808000
AT&T CORP COM COM 001957109 9078 161210 SH Sole 161210
AULT INC COM COM 051503100 88 13200 SH Sole 13200
AUTOLOGIC INFORMATION INTL INC COM 052803103 2090 566683 SH Sole 566683
BARRICK GOLD CORP COM 067901108 486 31000 SH Sole 31000
BAY VIEW CAP CP DEL COM 07262L10 750 100000 SH Sole 100000
BETHLEHEM STL CORP COM COM 087509105 695 115900 SH Sole 115900
BILLING CONCEPTS CORP COM 090063108 2837 403500 SH Sole 403500
BIRMINGHAM STL CORP COM COM 091250100 2187 426700 SH Sole 426700
BIRNER DENTAL COM 091283101 19 11419 SH Sole 11419
BOYD GAMING CORP COM 10330410 1284 260000 SH Sole 260000
BURLINGTON RES INC COM COM 122014103 4322 116800 SH Sole 116800
C P CLARE CORP COM COM 12615K107 468 55075 SH Sole 55075
CAMPBELL SOUP CO COM COM 134429109 954 31020 SH Sole 31020
CENDANT CORP COM 151313103 1850 100000 SH Sole 100000
CHAMPION ENTERPRISES COM COM 158496109 173 30000 SH Sole 30000
CHYRON CORP COM 171605207 659 59900 SH Sole 59900
CIT GROUP INC COM 125577106 2597 133200 SH Sole 133200
CITIGROUP INC COM 172967101 539 9000 SH Sole 9000
COLUMBIA/HCA HLTHCARE COM COM 197677107 3478 137400 SH Sole 137400
COMMERCE ONE INC DEL COM 200693109 657 4400 SH Sole 4400
COMPAQ COMPUTER CORP COM COM 204493100 8084 299400 SH Sole 299400
CROWN AMERN RLTY TR COM 228186102 443 83400 SH Sole 83400
CROWN CRAFTS INC COM 228309100 33 25000 SH Sole 25000
CYPRESS BIOSCIENCES COM COM 232674101 27 10000 SH Sole 10000
D R HORTON INC COM COM 23331A109 165 12625 SH Sole 12625
DAIMLERCHRYSLER AG COM D1668R12 2618 40000 SH Sole 40000
DELTA AIR LINES DEL COM COM 247361108 3786 71100 SH Sole 71100
DETREX CORP COM 250685104 759 216720 SH Sole 216720
DIME BANCORP INC NEW COM COM 25429Q102 13338 720983 SH Sole 720983
DISNEY WALT CO COM COM 254687106 5317 128900 SH Sole 128900
DREXLER TECHNOLOGY CP COM COM 261876106 1282 91600 SH Sole 91600
DSET CORP COM 26250410 1755 95200 SH Sole 95200
EARTHLINK NETWORK INC COM 270322100 2025 51667 SH Sole 51667
EMERITUS CORP COM COM 291005106 2601 594550 SH Sole 594550
EQUITY RESIDENT PPTYS SH BEN INT COM 29476L107 2363 58787 SH Sole 58787
ESTERLINE TECHNOLOGIES COM 297425100 343 26400 SH Sole 26400
FISHER COS INC COM COM 337756209 3689 61475 SH Sole 61475
FLEXSTEEL INDS INC COM COM 339382103 460 37566 SH Sole 37566
FORD MTR CO DEL COM COM 345370100 1838 40000 SH Sole 40000
FOREST OIL CORP COM 346091606 531 50000 SH Sole 50000
FRISCO BAY INDS LTD COM 358751105 1251 250250 SH Sole 250250
GARDENBURGER INC COM 365476100 181 38200 SH Sole 38200
GENERAL ELEC CO COM COM 369604103 202 1300 SH Sole 1300
GENUS INC COM 372461103 430 31000 SH Sole 31000
GLOBAL CROSSING LTD COM G3921A10 16903 412904 SH Sole 412904
GOODYEAR TIRE & RUBR COM 382550101 583 25000 SH Sole 25000
GRIFFON CORP COM 398433102 2776 355300 SH Sole 355300
GST TELECOMMUNICATIONS COM 361942105 2423 395600 SH Sole 395600
HALLIBURTON CO COM COM 406216101 1164 28300 SH Sole 28300
HARRIS % HARRIS GROUP COM 413833104 3177 191800 SH Sole 191800
HEALTH RISK MGMT COM COM 421935107 2704 424174 SH Sole 424174
HIBERNIA CORP CL A COM 428656102 5027 478800 SH Sole 478800
HMT TECHNOLOGY CORP COM 403917107 232 70000 SH Sole 70000
HOLLINGER INTL INC CL A COM 435569108 4079 379450 SH Sole 379450
HOMESTAKE MNG CO COM COM 437614100 1303 217100 SH Sole 217100
HOVNANIAN ENTERPRISES CL A COM 442487203 1137 185700 SH Sole 185700
HUDSON UNITED BANCORP COM 44416510 733 33800 SH Sole 33800
ICG COMMUNICATIONS INC COM 449246107 2261 62600 SH Sole 62600
ICO HLDGS INC COM 449293109 142 89000 SH Sole 89000
INFOSPACE COM INC COM 45678T102 582 4000 SH Sole 4000
INNOVATIVE GAMING CORP OF AMERICA COM 45764F107 124 69500 SH Sole 69500
INTERMEDIA COMMUNICATN COM COM 458801107 358 7400 SH Sole 7400
INTL PAPER CO COM COM 460146103 2599 60800 SH Sole 60800
KAISER VENTURES INC COM 483100103 734 52200 SH Sole 52200
KCS ENERGY INC COM COM 482434206 59 42900 SH Sole 42900
LECHTERS CORP COM COM 523238103 121 74600 SH Sole 74600
LTV CORP NEW COM COM 501921100 8806 2471650 SH Sole 2471650
MARCHFIRST INC COM 56624410 943 26425 SH Sole 26425
MELLON FINL CORP COM 58551A10 1842 61900 SH Sole 61900
MERCER INTERNATIONAL INC-SBI COM 588056101 2453 306600 SH Sole 306600
MESA AIR GROUP INC COM 590479101 647 103513 SH Sole 103513
MESSAGEMEDIA INC COM 590787107 1001 78900 SH Sole 78900
METASOLV SOFTWARE INC COM 59139310 874 14800 SH Sole 14800
MICROSOFT CORP COM COM 594918104 46555 438162 SH Sole 438162
MITCHELL ENERGY & DEV COM 606592202 1323 60500 SH Sole 60500
MITCHELL ENERGY & DEV CORP CL B COM 606592301 2330 105900 SH Sole 105900
MYRIAD GENETICS INC COM COM 62855J104 355 5900 SH Sole 5900
NEW PLAN EXCEL RLTY TR COM 648053106 3288 239130 SH Sole 239130
NORTHWEST AIRLS CORP COM 667280101 1731 76500 SH Sole 76500
NOVELL INC COM 670006105 704 24600 SH Sole 24600
NUCOR CORP COM COM 670346105 2380 47600 SH Sole 47600
OFFICE DEPOT INC COM 676220106 716 61900 SH Sole 61900
OFFICEMAX INC COM COM 67622M108 2501 384800 SH Sole 384800
OPPENHEIMER QTS CP VAL CL A COM 68381A103 243 8000 SH Sole 8000
OREGON STL MLS INC COM COM 686079104 3114 803725 SH Sole 803725
PALM INC COM 69664210 880 19600 SH Sole 19600
PAXSON COMMUNICATIONS CORP COM 704231109 1323 170700 SH Sole 170700
PERFORMANCE TECH INC COM 71376K102 1818 41850 SH Sole 41850
PERINI CORP COM COM 713839108 75 17000 SH Sole 17000
PERRIGO CO COM COM 714290103 1519 200000 SH Sole 200000
PFIZER INC COM 717081103 263 7200 SH Sole 7200
PLUM CREEK TIMBER COM 729237107 2243 91090 SH Sole 91090
POGO PRODUCING CO COM COM 730448107 4423 154858 SH Sole 154858
POTOMAC ELEC PWR CO COM 73767910 3593 158800 SH Sole 158800
PSC INC COM 69361E107 209 37600 SH Sole 37600
PUTNAM MASTR INTR INCM SH BEN INT COM 746909100 1728 297200 SH Sole 297200
PYRAMID BREWERIES INC COM COM 747135101 99 49300 SH Sole 49300
QUIPP INC COM COM 748802105 3500 225780 SH Sole 225780
RAILAMERICA INC COM 750753105 237 35100 SH Sole 35100
RED HAT INC COM 756577102 517 12200 SH Sole 12200
RGS ENERGY GROUP INC COM 74956K104 1398 65800 SH Sole 65800
RIMAGE CORP COM 766721104 2226 76100 SH Sole 76100
ROYCE MICRO-CAP TR INC COM COM 780915104 1140 109902 SH Sole 109902
ROYCE VALUE TR INC COM COM 780910105 1309 94766 SH Sole 94766
RYERSON TULL INC COM 78375P107 5069 327000 SH Sole 327000
SAFECO CORP COM COM 786429100 2154 81100 SH Sole 81100
SCHERING PLOUGH CORP COM 806605101 1856 50000 SH Sole 50000
SCIOS INC COM COM 808905103 345 66479 SH Sole 66479
SEMITOOL INC COM COM 816909105 546 30000 SH Sole 30000
SHURGARD STORAGE CTRS COM 82567D104 4713 180410 SH Sole 180410
SMITHKLINE BEECHAM PLC ADR REP ORD COM 832378301 211 3200 SH Sole 3200
SNAP ON INC COM 83303410 393 15000 SH Sole 15000
STERLING FINL CORP WA COM 859319105 150 14995 SH Sole 14995
STEWART&STEVENSON SVCS COM COM 860342104 865 76900 SH Sole 76900
SUNOCO INC COM 86764P10 1103 40300 SH Sole 40300
TANDYCRAFTS INC COM COM 875386104 2376 864100 SH Sole 864100
TEGAL CORP COM 879008100 1087 164106 SH Sole 164106
TEMPLE INLAND INC COM 879868107 3841 77100 SH Sole 77100
TESORO PETE CORP COM 88160910 575 50000 SH Sole 50000
TIMKEN CO COM 8873890 871 53600 SH Sole 53600
TRIARC COS INC CL A COM 895927101 22744 1137224 SH Sole 1137224
TRICO MARINE SVCS INC COM COM 896106101 334 37900 SH Sole 37900
U S INDS INC NEW COM COM 912080108 664 60020 SH Sole 60020
UNISYS CORP COM COM 909214108 8472 329800 SH Sole 329800
UNOCAL CORP COM COM 915289102 3793 127500 SH Sole 127500
US BANCORP DEL COM COM 902973106 1163 53180 SH Sole 53180
US WATS INC COM COM 90337P109 85 40000 SH Sole 40000
USX-U S STL COM COM 90337T101 6138 245500 SH Sole 245500
VERAMARK TECHNOLOGIES INC COM 923351100 2275 460700 SH Sole 460700
VERISIGN INC COM 92343E10 2033 13600 SH Sole 13600
VIRTUALFUND COM INC COM 92825A107 296 51000 SH Sole 51000
VOLT INFORMATION SCIEN COM COM 928703107 27791 773294 SH Sole 773294
WASHINGTON MUT INC COM COM 939322103 12000 452836 SH Sole 452836
WEIRTON STL CORP COM COM 948774104 16575 2040016 SH Sole 2040016
WEYERHAEUSER CO COM COM 962166104 2993 52500 SH Sole 52500
</TABLE>
