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 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 January 10, 2000
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.
<PAGE>
FORM 13F SUMMARY PAGE
AS OF DATE: 12/31/99
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 178
FORM 13F INFORMATION TABLE VALUE TOTAL: $559,681,000
<PAGE>
<TABLE>
FORM 13F
INFORMATION TABLE
AS OF DATE: 12/31/99
<CAPTION>
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER 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>
ABBOTT LABS COM 002824100 5838 160765 SH DEFINED 151765 9000 0
ACT MFG INC COM 000973107 570 15200 SH SOLE 15200 0 0
AEGON N V COM 007924103 438 4583 SH SOLE 4583 0 0
AES CORP COM 00130H105 1121 15000 SH DEFINED 0 15000 0
AFLAC INC COM 001055102 271 5750 SH SOLE 5750 0 0
AMERICA ONLINE INC COM 02364J104 4562 60130 SH DEFINED 49650 10480 0
AMERICAN EXPRESS CO COM 025816109 3086 18565 SH SOLE 18565 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 597 15220 SH DEFINED 5220 10000 0
AMERICAN INTL GROUP INC COM 026874107 13845 128049 SH DEFINED 120343 7706 0
AMERICAN STD COS INC COM 029712106 1937 42220 SH SOLE 42220 0 0
ANHEUSER BUSCH CO COM 035229103 5245 74010 SH DEFINED 63725 10285 0
APOLLO GROUP INC CL A COM 037604105 3272 163080 SH DEFINED 162490 590 0
APPLIED POWER INC CL A COM 038225108 462 12575 SH SOLE 12575 0 0
ARROW ELECTRS INC COM 042735100 406 16000 SH DEFINED 0 16000 0
AT HOME CORP SER A COM 045919107 3216 75000 SH SOLE 75000 0 0
AT & T CORP COM 001957109 10697 210521 SH DEFINED 195061 15460 0
ATLANTIC RICHFIELD CO COM 048825103 2486 28735 SH SOLE 28735 0 0
AVERY DENNISON CORP COM 053611109 583 8000 SH DEFINED 0 8000 0
BAKER HUGHES INC COM 057224107 316 15000 SH DEFINED 0 15000 0
BANK OF AMERICA COM 060505104 6345 126426 SH DEFINED 110870 15556 0
BANK ONE CORP COM 06423A103 475 14850 SH DEFINED 0 14850 0
BB&T CORP COM 054937107 3656 133535 SH SOLE 133535 0 0
BEC ENERGY COM 05538M101 381 9000 SH DEFINED 0 9000 0
BELLSOUTH CORP COM 079860102 1344 28705 SH DEFINED 28020 685 0
BIOTECH HOLDERS TRUST COM 09067D201 646 4500 SH SOLE 4500 0 0
BP AMOCO PLC COM 055622104 605 10200 SH DEFINED 200 10000 0
BRIGHT HORIZONS FAMILY SOLUTIO COM 109195107 628 33485 SH SOLE 33485 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1400 21810 SH DEFINED 1445 20365 0
BURLINGTON RESOURCES INC COM 122014103 331 10000 SH DEFINED 0 10000 0
CAREER ED CORP COM 141665109 601 15650 SH SOLE 15650 0 0
CASEYS GENERAL STORES INC COM 147528103 6454 618310 SH DEFINED 583310 35000 0
CHASE MANHATTAN CORP COM 16161A108 818 10530 SH DEFINED 530 10000 0
CINTAS CORP COM 172908105 4751 89435 SH SOLE 89435 0 0
CISCO SYSTEMS INC COM 17275R102 9094 84895 SH DEFINED 70395 14500 0
CITIGROUP INC COM 172967101 15775 283274 SH DEFINED 267839 15435 0
COCA COLA CO COM 191216100 666 11440 SH DEFINED 2240 9200 0
COLGATE PALMOLIVE CO COM 194162103 3908 60130 SH SOLE 60130 0 0
COMAIR HOLDINGS INC COM 199789108 665 28451 SH SOLE 28451 0 0
COMPAQ COMPUTER CORP COM 204493100 319 11775 SH DEFINED 1775 10000 0
COMPUTER SCIENCES CORP COM 205363104 7698 81350 SH SOLE 81350 0 0
COMVERSE TECHNOLOGY INC COM 205862402 9174 63381 SH SOLE 63381 0 0
CONAGRA INC COM 205887102 480 21173 SH DEFINED 1173 20000 0
COSTCO WHOLESALE CORP COM 22160K105 1004 11000 SH DEFINED 0 11000 0
COX PREFERRED COM 224044503 973 10000 SH SOLE 10000 0 0
CROWN CORK & SEAL INC COM 228255105 224 10000 SH DEFINED 0 10000 0
DAYTON HUDSON CORP COM 239753106 2558 34830 SH SOLE 34830 0 0
DELL COMPUTER CORP COM 247025109 408 8000 SH DEFINED 0 8000 0
DEVRY INC COM 251893103 708 37785 SH SOLE 37785 0 0
DISNEY WALT PRODUCTIONS COM 254687106 351 12000 SH DEFINED 0 12000 0
DU PONT E I DE NEMOURS & CO COM 263534109 9251 140440 SH DEFINED 131545 8895 0
DUPONT PHOTOMASKS INC COM 26613X101 343 7115 SH SOLE 7115 0 0
E M C CORP MASS COM 268648102 5785 52950 SH DEFINED 42950 10000 0
EDUCATION MANAGEMENT CORP COM 28139T101 502 35860 SH SOLE 35860 0 0
EL PASO ENERGY CORP DEL COM 283905107 466 12000 SH DEFINED 0 12000 0
ELAN PLC ADR COM 284131208 5118 173481 SH SOLE 173481 0 0
ELECTRONIC DATA SYSTEMS CORP COM 285661104 469 7000 SH DEFINED 0 7000 0
EMERSON ELEC CO COM 291011104 2263 39445 SH DEFINED 33445 6000 0
EXODUS COMMUNICATIONS INC COM 302088109 644 7256 SH SOLE 7256 0 0
EXXON CORPORATION COM 30231G102 12056 149654 SH DEFINED 131128 18526 0
F Y I INC COM 302712104 479 14075 SH SOLE 14075 0 0
FEDERAL NAT'L MORTGAGE ASSN COM 313586109 9450 151350 SH DEFINED 151035 315 0
FEDL HOME LOAN MTG COM 313400301 353 7500 SH DEFINED 0 7500 0
FIRSTAR CORP COM 33763V109 8778 415536 SH DEFINED 414796 740 0
FIRSTSERVICE CORP COM 33761N109 1337 97685 SH DEFINED 96685 1000 0
FLEETBOSTON FINANCIAL CORP PREFERRED 339030603 208 8000 SH SOLE 8000 0 0
FLEXTRONICS INTL LTD COM Y2573F102 703 15280 SH SOLE 15280 0 0
FOSSIL INC COM 349882100 560 24232 SH SOLE 24232 0 0
FOX ENTERTAINMENT COM 35138T107 281 11250 SH DEFINED 0 11250 0
FURNITURE BRANDS INTL INC COM 360921100 1971 89610 SH SOLE 89610 0 0
GENERAL ELEC CO COM 369604103 20731 133967 SH DEFINED 117082 16885 0
GENERAL MOTORS CORP COM 370442105 509 7000 SH DEFINED 0 7000 0
GENERAL MOTORS CORP CL H COM 370442832 672 7000 SH DEFINED 0 7000 0
GEORGIA PACIFIC CORP COM 373298108 9922 195515 SH SOLE 195515 0 0
GILLETTE CO COM 375766102 2358 57245 SH DEFINED 49245 8000 0
GLOBESPAN INC COM 379571102 258 3960 SH SOLE 3960 0 0
GREAT BEAR TECHNOLOGY INC COM 390158103 35 3463800 SH SOLE 3463800 0 0
GTE CORP COM 362320103 1074 15225 SH DEFINED 425 14800 0
HADCO CORP COM 404681108 444 8700 SH SOLE 8700 0 0
HANOVER COMPRESSOR CO COM 410768105 378 10000 SH SOLE 10000 0 0
HARTFORD LIFE INC COM 416592103 2868 65180 SH DEFINED 64895 285 0
HEARTLAND EXPRESS INC COM 422347104 957 60750 SH SOLE 60750 0 0
HEWLETT PACKARD CO COM 428236103 15639 137485 SH DEFINED 130985 6500 0
HOME DEPOT INC COM 437076102 6648 96704 SH DEFINED 80204 16500 0
HON INDUSTRIES INC COM 438092108 724 32990 SH DEFINED 32430 560 0
HONEYWELL INTERNATIONAL INC COM 438516106 1032 17889 SH SOLE 17889 0 0
HOOPER HOLMES INC COM 439104100 545 21150 SH SOLE 21150 0 0
I B M COM 459200101 10971 101700 SH DEFINED 93700 8000 0
ILLINOIS TOOL WORKS INC COM 452308109 676 10000 SH DEFINED 0 10000 0
INTEL CORP COM 458140100 4202 51055 SH DEFINED 40615 10440 0
INTERMEDIA COMMUNICATION FLACO COM 458801107 499 12865 SH SOLE 12865 0 0
INTRAWARE INC COM 46118M103 200 2500 SH DEFINED 0 2500 0
ITC DELTACOM INC COM 45031T104 361 13050 SH SOLE 13050 0 0
JABIL CIRCUIT INC COM 466313103 8875 121570 SH DEFINED 121210 360 0
JACADA LTD COM M6184R101 415 14885 SH SOLE 14885 0 0
JLG INDUSTRIES INC COM 466210101 663 41600 SH DEFINED 40865 735 0
JOHNSON & JOHNSON COM 478160104 13310 142735 SH DEFINED 128860 13875 0
KIMBERLY CLARK CORP COM 494368103 616 9410 SH DEFINED 410 9000 0
KLA-TENCOR CORP COM 482480100 1759 15795 SH SOLE 15795 0 0
KNIGHT/TRIMARK GROUP INC CL A COM 499067106 3767 81890 SH DEFINED 81600 290 0
LEGATO SYS INC COM 524651106 4497 65350 SH SOLE 65350 0 0
LILLY ELI & CO COM 532457108 512 7700 SH DEFINED 700 7000 0
LOCKHEED MARTIN CORP COM 539830109 232 10610 SH SOLE 10610 0 0
LOWES COS INC COM 548661107 12000 200830 SH DEFINED 187380 13450 0
LUCENT TECHNOLOGIES INC COM 549463107 5158 68770 SH DEFINED 55390 13380 0
MARTIN MARIETTA MATERIALS INC COM 573284106 4863 118615 SH DEFINED 118355 260 0
MATTEL INC COM 577081102 616 46935 SH SOLE 46935 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1609 34090 SH SOLE 34090 0 0
MAXIMUS INC COM 577933104 443 13040 SH SOLE 13040 0 0
MCDONALDS CORP COM 580135101 403 10000 SH DEFINED 0 10000 0
MCI WORLDCOM COM 55268B106 4322 81443 SH DEFINED 61943 19500 0
MCLEOD INC COM 582266102 3248 55175 SH SOLE 55175 0 0
MEDTRONIC INC COM 585055106 4468 122612 SH DEFINED 121942 670 0
MERCK & CO INC COM 589331107 10314 153515 SH DEFINED 3160 10355 0
MERRILL LYNCH MITTS NIKKEI 225 COM 590188355 2944 300000 SH SOLE 300000 0 0
MERRILL LYNCH & CO INC COM 590188108 2535 30425 SH SOLE 30425 0 0
MGIC INVESTMENT CORP COM 552848103 722 12000 SH DEFINED 0 12000 0
MICROSOFT CORP COM 594918104 9965 85350 SH DEFINED 65060 20290 0
MINNESOTA MNG & MFG CO COM 604059105 793 8100 SH DEFINED 0 8100 0
MIPS TECHNOLOGIES INC CL A COM 604567107 479 9220 SH SOLE 9220 0 0
MONACO COACH CORP COM 60886R103 429 16775 SH SOLE 16775 0 0
MORGAN J P & CO INC COM 616880100 3939 31110 SH SOLE 31110 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 1142 8000 SH DEFINED 0 8000 0
MOTOROLA INC COM 620076109 736 5000 SH DEFINED 0 5000 0
NCR CORP COM 62886E108 357 9415 SH SOLE 9415 0 0
NEWELL RUBBERMAID INC COM 651229106 365 12590 SH DEFINED 2155 10435 0
NUCOR CORP COM 670346105 329 6000 SH DEFINED 0 6000 0
ON ASSIGNMENT INC COM 682159108 831 27820 SH SOLE 27820 0 0
PEPSICO INC COM 713448108 1039 29485 SH DEFINED 12240 17245 0
PFIZER INC COM 717081103 3494 107725 SH DEFINED 92725 15000 0
PHILIP MORRIS COS INS COM 718154107 288 12500 SH DEFINED 500 12000 0
PITNEY BOWES INC COM 724479100 483 10000 SH DEFINED 0 10000 0
PROCTER & GAMBLE CO COM 742718109 4421 40350 SH DEFINED 31350 9000 0
RAYTHEON CO CL B COM 755111408 375 14125 SH DEFINED 13835 290 0
RELIANT ENERGY INC COM 75952J108 252 11000 SH DEFINED 0 11000 0
RELIASTAR FINANCIAL CORP COM 75952U103 314 8000 SH DEFINED 0 8000 0
ROYAL DUTCH PETRO-NY SHARES COM 780257804 4306 71105 SH DEFINED 60765 10340 0
RUSSELL FRANK INVT CO INTL SEC MUTUAL FND 782493845 224 2982 SH SOLE 2982 0 0
RUSSELL FRANK INVT CO SPL GROW MUTUAL FND 782493886 293 5954 SH SOLE 5954 0 0
RYANAIR HOLDINGS PLC ADR COM 783513104 663 12020 SH SOLE 12020 0 0
SAFECO CORP COM 786429100 249 10000 SH DEFINED 0 10000 0
SANMINA CORP COM 800907107 6599 66070 SH SOLE 66070 0 0
SARA LEE CORP COM 803111103 6998 317195 SH DEFINED 284595 32600 0
SBC COMMUNICATIONS INC COM 78387G103 957 19624 SH DEFINED 2624 17000 0
SCHERING PLOUGH CORP COM 806605101 393 9280 SH DEFINED 280 9000 0
SCHLUMBERGER LTD COM 806857108 4634 82560 SH DEFINED 72220 10340 0
SEI INVESTMENTS CO COM 784117103 665 5585 SH DEFINED 5430 155 0
SHERWIN WILLIAMS CO COM 824348106 315 15000 SH DEFINED 0 15000 0
SIEBEL SYS INC COM 826170102 2478 29505 SH SOLE 29505 0 0
SIGMA ALDRICH CORP COM 826552101 331 11000 SH DEFINED 0 11000 0
SOLECTRON CORP COM 834182107 7953 83605 SH SOLE 83605 0 0
SOUTHWEST AIRLINES CO COM 844741108 3780 234416 SH SOLE 234416 0 0
SOUTHWEST SEC KNIGHT/TRIMARK CONV PREF 845224203 2353 41500 SH SOLE 41500 0 0
ST PAUL COS INC COM 792860108 5944 176440 SH SOLE 176440 0 0
STATE STREET CORP COM 857477103 223 3050 SH SOLE 3050 0 0
SUN MICROSYSTEMS INC COM 866810104 31184 402695 SH DEFINED 401935 760 0
SUNGARD DATA SYS INC COM 867363103 6786 285740 SH SOLE 285740 0 0
SYNCOR INTERNATIONAL CORP COM 87157J106 336 11550 SH SOLE 11550 0 0
SYNOPSYS INC COM 871607107 5140 77010 SH DEFINED 76740 270 0
SYSCO CORP COM 871829107 791 20000 SH DEFINED 0 20000 0
TENET HEALTHCARE CORP COM 88033G100 470 20000 SH DEFINED 0 20000 0
TEXAS INSTRS INC COM 882508104 3002 31065 SH DEFINED 30705 360 0
TIME WARNER INC COM 887315109 434 6000 SH DEFINED 0 6000 0
TRANSOCEAN SEDCO FOREX INC COM G90078109 538 15984 SH DEFINED 13982 2002 0
TYCO INTL LTD COM 902124106 9578 245590 SH DEFINED 221480 24110 0
UNUMPROVIDENT CORP COM 91529Y106 385 12000 SH DEFINED 0 12000 0
US BANCORP COM 902973106 252 10600 SH DEFINED 600 10000 0
VERITAS SOFTWARE CO COM 923436109 2979 20815 SH SOLE 20815 0 0
WAL MART STORES INC COM 931142103 21700 313930 SH DEFINED 293380 20550 0
WARNER LAMBERT CO COM 934488107 410 5000 SH DEFINED 0 5000 0
WASHINGTON MUTUAL INC COM 939322103 5194 200733 SH DEFINED 190188 10545 0
WATERS CORP COM 941848103 8768 165435 SH DEFINED 165060 375 0
WELLS FARGO COM 949746101 1511 37375 SH DEFINED 10375 27000 0
WILLAMETTE INDS INC COM 969133107 2608 56170 SH SOLE 56170 0 0
WILLIAMS COS INC COM 969457100 1365 44655 SH DEFINED 44220 435 0
WILLIAMS SONOMA INC COM 969904101 514 11170 SH DEFINED 10750 420 0
XILINX INC COM 983919101 909 20000 SH DEFINED 0 20000 0
ZALE CORP COM 988858106 1038 21455 SH DEFINED 21065 390 0
ZIONS BANCORPORATION COM 989701107 2001 33805 SH SOLE 33805 0 0
</TABLE>
