UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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 July 9, 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: 06/30/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 119
FORM 13F INFORMATION TABLE VALUE TOTAL: $478,059,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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<TABLE>
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABACUS DIRECT CORP COM 002553105 429 4685 SH SOLE 4685 0 0
ABBOTT LABS COM 002824100 6919 152490 SH DEFINED 151870 620 0
ABERCROMBIE & FITCH CO COM 002896207 480 10000 SH SOLE 10000 0 0
AEGON N.V. COM 007924103 276 3733 SH SOLE 3733 0 0
AMERICA ONLINE INC COM 02364J104 1838 16710 SH DEFINED 16470 240 0
AMERICAN EXPRESS CO COM 025816109 213 1640 SH SOLE 1640 0 0
AMERICAN HOME PRODS CORP COM 026609107 420 7320 SH SOLE 7320 0 0
AMERICAN INTL GROUP INC COM 026874107 9026 76980 SH DEFINED 76477 503 0
ANHEUSER BUSCH CO COM 035229103 372 5240 SH DEFINED 4955 285 0
ANNUITY REINSURANCE COM G03910109 431 19200 SH SOLE 19200 0 0
APOLLO GROUP INC CL A COM 037604105 4435 166975 SH DEFINED 166385 590 0
AT & T CORP. COM 001957109 7564 135529 SH DEFINED 135069 460 0
BANK OF AMERICA COM 060505104 7634 104129 SH DEFINED 103487 642 0
BB&T CORP COM 054937107 8498 231625 SH SOLE 231625 0 0
BEA SYS INC COM 073325102 599 20960 SH DEFINED 20335 625 0
BRIGHT HORIZONS FAMILY SOLUTIO COM 109195107 632 33485 SH SOLE 33485 0 0
CAREER ED CORP COM 141665109 531 15710 SH SOLE 15710 0 0
CASEYS GEN STORES INC COM 147528103 9951 663405 SH SOLE 663405 0 0
CHIREX INC COM 170038103 741 23075 SH SOLE 23075 0 0
CINTAS CORP COM 172908105 5473 81455 SH SOLE 81455 0 0
CITIGROUP INC COM 172967101 9477 199518 SH DEFINED 198330 1188 0
COCA COLA CO COM 191216100 317 5120 SH SOLE 5120 0 0
COLGATE PALMOLIVE CO COM 194162103 414 8410 SH SOLE 8410 0 0
COMAIR HOLDINGS INC COM 199789108 7935 381268 SH SOLE 381268 0 0
COMPUTER SCIENCES CORP COM 205363104 12357 178600 SH SOLE 178600 0 0
COMVERSE TECHNOLOGY INC COM 205862402 8969 118800 SH SOLE 118800 0 0
CONCORD EFS INC COM 206197105 423 10000 SH SOLE 10000 0 0
CONSOLIDATED GRAPHICS INC COM 209341106 693 13855 SH SOLE 13855 0 0
DEVRY INC COM 251893103 664 29695 SH SOLE 29695 0 0
DII GROUP INC COM 232949107 837 22425 SH SOLE 22425 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 272 3975 SH DEFINED 3680 295 0
EDUCATION MGMT CORP COM 28139T101 777 37460 SH SOLE 37460 0 0
ELAN PLC ADR COM 284131208 13758 495796 SH SOLE 495796 0 0
EMERSON ELEC CO COM 291011104 244 3880 SH SOLE 3880 0 0
ENDESA SA COM 29258N107 1254 59000 SH SOLE 59000 0 0
EXXON CORP COM 302290101 731 9475 SH DEFINED 9210 265 0
F Y I INC COM 302712104 443 14130 SH SOLE 14130 0 0
FEDERAL NAT'L MORTGAGE ASSN COM 313586109 8037 117765 SH DEFINED 116975 790 0
FIRSTAR CORP NEW COM 33763V109 9622 343631 SH DEFINED 342891 740 0
FIRSTSERVICE CORP COM 33761N109 1174 76960 SH DEFINED 75960 1000 0
FLEXTRONICS INTL LTD COM Y2573F102 868 15640 SH SOLE 15640 0 0
FOCAL INC COM 343909107 377 50205 SH SOLE 50205 0 0
FOSSIL INC COM 349882100 781 16155 SH SOLE 16155 0 0
FOX ENTERTAINMENT COM 35138T107 303 11250 SH DEFINED 0 11250 0
FRONTIER CORP COM 35906P105 11974 204250 SH DEFINED 203400 850 0
FRONTIER INS GROUP INC NEW COM 359081106 677 44000 SH SOLE 44000 0 0
GENERAL ELEC CO COM 369604103 9417 83332 SH DEFINED 82922 410 0
GEORGIA PAC CORP COM 373298108 5098 107600 SH SOLE 107600 0 0
GILLETTE CO COM 375766102 216 5260 SH SOLE 5260 0 0
GREAT BEAR TECHNOLOGY INC COM 390158103 35 3463800 SH SOLE 3463800 0 0
GTE CORP COM 362320103 264 3495 SH DEFINED 3010 485 0
HARTFORD LIFE INC COM 416592103 6556 124580 SH DEFINED 124295 285 0
HEARTLAND EXPRESS INC COM 422347104 2272 138750 SH SOLE 138750 0 0
HEWLETT PACKARD CO COM 428236103 10526 104735 SH DEFINED 104385 350 0
HOME DEPOT INC COM 437076102 577 8954 SH SOLE 8954 0 0
HOOPER HOLMES INC COM 439104100 431 21150 SH SOLE 21150 0 0
HOSPITALITY PPTYS TR COM 44106M102 2306 85000 SH SOLE 85000 0 0
I B M COM 459200101 393 3040 SH SOLE 3040 0 0
ICN PHARMACEUTICAL INC NEW COM 448924100 5375 166980 SH SOLE 166980 0 0
INTEL CORP COM 458140100 436 7330 SH DEFINED 6890 440 0
INTERMEDIA COMMUNICATION FLACO COM 458801107 534 17790 SH SOLE 17790 0 0
JABIL CIRCUIT INC COM 466313103 9089 201420 SH DEFINED 201060 360 0
JLG INDS INC COM 466210101 851 41745 SH DEFINED 41010 735 0
JOHNSON & JOHNSON COM 478160104 9754 99530 SH DEFINED 99255 275 0
KENDLE INTL INC COM 48880L107 623 38910 SH SOLE 38910 0 0
KLA-TENCOR CORP COM 482480100 6146 94730 SH SOLE 94730 0 0
KNIGHT/TRIMARK GROUP INC CL A COM 499067106 4555 74680 SH DEFINED 74390 290 0
LOWES COS INC COM 548661107 18928 333905 SH DEFINED 330455 3450 0
LUCENT TECHNOLOGIES INC COM 549463107 528 7823 SH DEFINED 7443 380 0
MARTIN MARIETTA MTLS INC COM 573284106 11363 192600 SH DEFINED 192340 260 0
MAXIMUS INC COM 577933104 751 26135 SH SOLE 26135 0 0
MCLEOD INC COM 582266102 2150 39084 SH SOLE 39084 0 0
MEDQUIST INC COM 584949101 609 13930 SH SOLE 13930 0 0
MERCK & CO INC COM 589331107 5128 69645 SH DEFINED 69290 355 0
MERRILL LYNCH RUS 2000 IND WAR WARRANT AND RIGH 590188421 2000 416667 SH SOLE 416667 0 0
MERRILL LYNCH STRYPES (SUNAMER COM 590188769 1448 19700 SH SOLE 19700 0 0
MERRILL LYNCH & CO INC COM 590188108 317 3990 SH SOLE 3990 0 0
METZLER GROUP INC COM 592903108 486 17595 SH SOLE 17595 0 0
MICROSOFT CORP COM 594918104 636 7050 SH DEFINED 6760 290 0
MONSANTO CO COM 611662107 258 6520 SH SOLE 6520 0 0
MORGAN J P & CO INC COM 616880100 4356 31000 SH SOLE 31000 0 0
NCR CORP NEW COM 62886E108 4317 88445 SH SOLE 88445 0 0
NEW ERA OF NETWORKS INC COM 644312100 302 6880 SH SOLE 6880 0 0
OSTEOTECH INC COM 688582105 627 21810 SH DEFINED 21335 475 0
PANTRY INC COM 698657103 1613 100000 SH SOLE 100000 0 0
PEPSICO INC COM 713448108 8598 222245 SH DEFINED 221400 845 0
PFIZER INC COM 717081103 629 17325 SH SOLE 17325 0 0
PHARMACEUTICAL PRODUCT DEVELOP COM 717124101 687 25095 SH SOLE 25095 0 0
PRE PAID LEGAL SVCS INC COM 740065107 610 22495 SH SOLE 22495 0 0
PROCTER & GAMBLE CO COM 742718109 332 3715 SH SOLE 3715 0 0
PROFIT RECOVERY GRP INTL INC COM 743168106 857 18105 SH SOLE 18105 0 0
RAYTHEON CO CL B COM 755111408 8376 118805 SH DEFINED 118515 290 0
REPUBLIC SVCS INC CL A COM 760759100 9250 373750 SH SOLE 373750 0 0
RSL COMMUNICATIONS LTD / PLCOR COM G7702U102 424 21945 SH SOLE 21945 0 0
RYANAIR HLDGS PLC ADR SPONSORE COM 783513104 637 12020 SH SOLE 12020 0 0
SANMINA CORP COM 800907107 18769 247370 SH SOLE 247370 0 0
SEALED AIR CORP NEW PFD CONV A CONVERTIBLE PREF 81211K209 1644 26300 SH SOLE 26300 0 0
SEI INVTS CO COM 784117103 473 5365 SH DEFINED 5210 155 0
SLM HOLDING CORP COM 78442A109 9066 197890 SH DEFINED 197225 665 0
SMART MODULAR TECHNOLGS INC COM 831690102 598 34435 SH SOLE 34435 0 0
SOLECTRON CORP COM 834182107 18482 277140 SH SOLE 277140 0 0
SOUTHWEST AIRLS CO COM 844741108 8313 267083 SH SOLE 267083 0 0
SPORTSLINE USA CONV 5.000% 04/ CONVERTIBLE BOND 848934AA3 770 1000000 PRN SOLE 1000000 0 0
SUN MICROSYSTEMS INC COM 866810104 12163 176600 SH DEFINED 175330 1270 0
SUNGARD DATA SYS INC COM 867363103 14206 411775 SH SOLE 411775 0 0
SYNOPSYS INC COM 871607107 6433 116575 SH DEFINED 116305 270 0
TEXAS INSTRS INC COM 882508104 634 4400 SH DEFINED 4220 180 0
TYCO INTL LTD NEW COM 902124106 9204 97140 SH DEFINED 96870 270 0
UNITED RENTALS INC COM 911363109 295 10000 SH SOLE 10000 0 0
WAL MART STORES INC COM 931142103 11071 229445 SH DEFINED 227255 2190 0
WALGREEN CO COM 931422109 361 12290 SH SOLE 12290 0 0
WASHINGTON MUT INC COM 939322103 13167 370258 SH DEFINED 369629 629 0
WASTE MGMT INC DEL COM 94106L109 8938 166289 SH DEFINED 165929 360 0
WATERS CORP COM 941848103 12667 238445 SH DEFINED 238070 375 0
WELLS FARGO NEW COM 949746101 7148 167210 SH DEFINED 166560 650 0
WILLIAMS COS INC COM 969457100 359 8425 SH DEFINED 7990 435 0
WILLIAMS SONOMA INC COM 969904101 631 18130 SH DEFINED 17710 420 0
WILLIS LEASE FIN CORP COM 970646105 567 34770 SH SOLE 34770 0 0
ZALE CORP NEW COM 988858106 589 14715 SH DEFINED 14325 390 0
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