UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: VMF Capital, L.L.C.
Address: 118 Third Avenue SE
Suite 700
Cedar Rapids, IA 52401
13F File Number: 801-55404
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: Julie Birkicht
Title: Operations Manager
Phone: 319-861-2200
Signature, Place and Date of Signing:
Julie Birkicht Cedar Rapids, Iowa April 8, 1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
AS OF DATE: 03/31/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 124
FORM 13F INFORMATION TABLE VALUE TOTAL: $488,207,266
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000)PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------------------------------- ---------------------------- -------
ABACUS DIRECT CORP COM 2553105 328 4000SH SOLE 4000 0 0
ABBOTT LABS COM 2824100 7228 154393SH DEFINED 153773 620 0
ABERCROMBIE & FITCH CO COM 2896207 461 5000SH SOLE 5000 0 0
AEGON N.V. COM 7924103 319 3544SH SOLE 3544 0 0
ALLIANCE CAP MGMT LP COM 18548107 2354 93000SH SOLE 93000 0 0
AMERICA ONLINE INC COM 02364J104 2744 18670SH SOLE 18670 0 0
AMERICAN HOME PRODS CORP COM 26609107 465 7120SH SOLE 7120 0 0
AMERICAN INTL GROUP INC COM 26874107 17563 145598SH DEFINED 145260 338 0
ANHEUSER BUSCH COS. COM 35229103 349 4590SH SOLE 4590 0 0
ANNUITY REINSURANCE COM G03910109 439 19200SH SOLE 19200 0 0
APOLLO GROUP INC CL A COM 37604105 5048 168960SH SOLE 168960 0 0
ASCEND COMMUNICATIONS INC COM 43491109 327 3905SH SOLE 3905 0 0
AT & T CORP. COM 1957109 6988 87560SH SOLE 87560 0 0
BANKAMERICA CORP NEW COM 06605F102 7071 100122SH DEFINED 99760 362 0
BB&T CORP COM 54937107 4842 133815SH SOLE 133815 0 0
BIOSOURCE INTL INC COM 09066H104 638 150000SH SOLE 150000 0 0
BRIGHT HORIZONS FAMILY SOLUTIO COM 109195107 732 33485SH SOLE 33485 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 6359 193425SH DEFINED 192765 660 0
CAREER ED CORP COM 141665109 544 15710SH SOLE 15710 0 0
CASEYS GEN STORES INC COM 147528103 9524 645705SH SOLE 645705 0 0
CHIREX INC COM 170038103 565 23075SH SOLE 23075 0 0
CINTAS CORP COM 172908105 5374 82205SH SOLE 82205 0 0
CITIGROUP INC. COM 172967101 8228 128819SH DEFINED 128317 502 0
COCA COLA CO COM 191216100 323 5260SH SOLE 5260 0 0
COLGATE PALMOLIVE CO COM 194162103 387 4205SH SOLE 4205 0 0
COMAIR HOLDINGS INC COM 199789108 9178 388470SH SOLE 388470 0 0
COMPUTER SCIENCES CORP COM 205363104 10018 181525SH SOLE 181525 0 0
COMVERSE TECHNOLOGY INC COM 205862402 6833 80390SH SOLE 80390 0 0
DAIMLERCHRYSLER AG COM D1668R123 255 2970SH SOLE 2970 0 0
DEVRY INC COM 251893103 515 17750SH SOLE 17750 0 0
DII GROUP INC COM 232949107 662 22625SH SOLE 22625 0 0
DISNEY WALT PRODTNS COM 254687106 235 7535SH SOLE 7535 0 0
EDUCATION MGMT CORP COM 28139T101 1359 44205SH SOLE 44205 0 0
ELAN PLC ADR COM 284131208 13215 189463SH SOLE 189463 0 0
ENDESA SA COM 29258N107 1468 59000SH SOLE 59000 0 0
ENGINEERING ANIMATION INC COM 292872108 444 10545SH SOLE 10545 0 0
ENHANCE FINL SVCS GROUP INC COM 293310108 624 27130SH SOLE 27130 0 0
EXXON CORP COM 302290101 677 9595SH SOLE 9595 0 0
F Y I INC COM 302712104 456 14255SH SOLE 14255 0 0
FEDERAL NAT'L MORTGAGE ASSN COM 313586109 7775 112270SH DEFINED 111795 475 0
FIRSTAR CORP NEW COM 33763V109 10375 115927SH SOLE 115927 0 0
FIRSTSERVICE CORP COM 33761N109 1011 77420SH SOLE 77420 0 0
FLEXTRONICS INTL LTD COM Y2573F102 798 15640SH SOLE 15640 0 0
FOCAL INC COM 343909107 351 50205SH SOLE 50205 0 0
FOSSIL INC COM 349882100 424 14225SH SOLE 14225 0 0
FOX ENTERTAINMENT COM 35138T107 305 11250SH DEFINED 0 11250 0
FRONTIER CORP COM 35906P105 11513 221940SH DEFINED 221090 850 0
FRONTIER INS GROUP INC NEW COM 359081106 523 44000SH SOLE 44000 0 0
GENERAL ELEC CO COM 369604103 8820 79732SH DEFINED 79607 125 0
GILLETTE CO COM 375766102 260 4375SH SOLE 4375 0 0
GREAT BEAR TECHNOLOGY INC COM 390158103 35 3463800SH SOLE 3463800 0 0
GTE CORP COM 362320103 273 4515SH DEFINED 4030 485 0
HANNAFORD BROS CO COM 410550107 3944 86800SH SOLE 86800 0 0
HARTFORD LIFE INC COM 416592103 6994 127155SH SOLE 127155 0 0
HA-LO INDS INC COM 404429102 544 44157SH SOLE 44157 0 0
HEARTLAND EXPRESS INC COM 422347104 3796 249950SH SOLE 249950 0 0
HEWLETT PACKARD CO COM 428236103 7760 114435SH DEFINED 114085 350 0
HOME DEPOT INC COM 437076102 522 8379SH SOLE 8379 0 0
I B M COM 459200101 211 1190SH SOLE 1190 0 0
ICN PHARMACEUTICAL INC NEW COM 448924100 4290 170745SH SOLE 170745 0 0
INTEL CORP COM 458140100 316 2655SH SOLE 2655 0 0
INTERMEDIA COMMUNICATION FLACO COM 458801107 474 17790SH SOLE 17790 0 0
ITT EDUCATIONAL SVCS INC COM 45068B109 511 13600SH SOLE 13600 0 0
JABIL CIRCUIT INC COM 466313103 9155 226055SH SOLE 226055 0 0
JLG INDS INC COM 466210101 559 41010SH SOLE 41010 0 0
JOHNSON & JOHNSON COM 478160104 8759 93675SH SOLE 93675 0 0
KENDLE INTL INC COM 48880L107 788 39145SH SOLE 39145 0 0
KLA-TENCOR CORP COM 482480100 4665 96055SH SOLE 96055 0 0
KNIGHT/TRIMARK GROUP INC CL A COM 499067106 7628 113845SH SOLE 113845 0 0
LASON INC COM 51808R107 464 8255SH SOLE 8255 0 0
LOWES COS INC COM 548661107 20498 338805SH DEFINED 335805 3000 0
MARKET FACTS INC COM 570559104 823 37410SH SOLE 37410 0 0
MARTIN MARIETTA MTLS INC COM 573284106 8068 141385SH SOLE 141385 0 0
MAXIMUS INC COM 577933104 761 26135SH SOLE 26135 0 0
MCLEOD INC COM 582266102 2020 48084SH SOLE 48084 0 0
MEDQUIST INC COM 584949101 470 15680SH SOLE 15680 0 0
MEDTRONIC INC COM 585055106 14011 194936SH SOLE 194936 0 0
MERCK & CO INC COM 589331107 3217 40155SH SOLE 40155 0 0
MERRILL LYNCH MITTS NIKKEI 225 COM 590188553 2737 260700SH SOLE 260700 0 0
MERRILL LYNCH STRYPES (SUNAMER COM 590188769 1458 19700SH SOLE 19700 0 0
MERRILL LYNCH & CO INC COM 590188108 329 3715SH SOLE 3715 0 0
METZLER GROUP INC COM 592903108 552 17595SH SOLE 17595 0 0
MICROSOFT CORP COM 594918104 517 5770SH SOLE 5770 0 0
MONSANTO CO COM 611662107 300 6520SH SOLE 6520 0 0
MORGAN J P & CO INC COM 616880100 2889 23420SH SOLE 23420 0 0
MOTOROLA INC COM 620076109 6797 92790SH DEFINED 92420 370 0
NCR CORP NEW COM 62886E108 4482 89645SH SOLE 89645 0 0
OSTEOTECH INC COM 688582105 738 21482SH SOLE 21482 0 0
PEPSI BOTTLING GROUP COM 713409100 2711 125000SH SOLE 125000 0 0
PEPSICO INC COM 713448108 7108 181375SH DEFINED 181075 300 0
PFIZER INC COM 717081103 780 5625SH SOLE 5625 0 0
PHARMACEUTICAL PRODUCT DEVELOP COM 717124101 842 25095SH SOLE 25095 0 0
PRE PAID LEGAL SVCS INC COM 740065107 551 22495SH SOLE 22495 0 0
PROCTER & GAMBLE CO COM 742718109 332 3390SH SOLE 3390 0 0
PROFIT RECOVERY GRP INTL INC COM 743168106 1122 28395SH SOLE 28395 0 0
RAYTHEON CO CL B COM 755111408 7109 121265SH SOLE 121265 0 0
REPUBLIC SVCS INC CL A COM 760759100 3412 210750SH SOLE 210750 0 0
RSL COMMUNICATIONS LTD / PLCOR COM G7702U102 545 15175SH SOLE 15175 0 0
RYANAIR HLDGS PLC ADR SPONSORE COM 783513104 494 12120SH SOLE 12120 0 0
SANMINA CORP COM 800907107 12919 202655SH SOLE 202655 0 0
SILICON VALLEY BANCSHARES COM 827064106 629 30425SH SOLE 30425 0 0
SLM HOLDING CORP COM 78442A109 7513 179941SH DEFINED 179276 665 0
SMART MODULAR TECHNOLGS INC COM 831690102 514 34435SH SOLE 34435 0 0
SOLECTRON CORP COM 834182107 13495 277890SH SOLE 277890 0 0
SOUTHWEST AIRLS CO COM 844741108 13171 435398SH SOLE 435398 0 0
SPORTSLINE USA CONV 5.000% 04/ CONVERT848934AA3 1000 1000000PRN SOLE 1000000 0 0
STERIS CORP COM 859152100 5250 197180SH SOLE 197180 0 0
SUN MICROSYSTEMS INC COM 866810104 12310 98430SH DEFINED 97985 445 0
SUNGARD DATA SYS INC COM 867363103 16716 417910SH SOLE 417910 0 0
SWISHER INTL GROUP INC COM 870809100 923 103250SH SOLE 103250 0 0
SYNOPSYS INC COM 871607107 6360 118330SH SOLE 118330 0 0
TEXAS INSTRS INC COM 882508104 419 4220SH SOLE 4220 0 0
TYCO INTL LTD NEW COM 902124106 349 4870SH SOLE 4870 0 0
UNITED HEALTHCARE CORP COM 910581107 6049 114940SH DEFINED 114530 410 0
UNITED RENTALS INC COM 911363109 285 10000SH SOLE 10000 0 0
WAL MART STORES INC COM 931142103 11517 124935SH DEFINED 124115 820 0
WALGREEN CO COM 931422109 340 12040SH SOLE 12040 0 0
WASHINGTON MUT INC COM 939322103 15197 371801SH DEFINED 371717 84 0
WASTE MGMT INC DEL COM 94106L109 6376 143677SH SOLE 143677 0 0
WATERS CORP COM 941848103 12172 115855SH SOLE 115855 0 0
WELLS FARGO NEW COM 949746101 5732 163470SH DEFINED 162820 650 0
WILLIAMS COS INC COM 969457100 316 7990SH SOLE 7990 0 0
WILLIS LEASE FIN CORP COM 970646105 614 35100SH SOLE 35100 0 0
ZALE CORP NEW COM 988858106 494 14455SH SOLE 14455 0 0
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