UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar year of the Quarter Ended: September 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: Columbine Asset Management, LLC
Address: Suite 450
2 North Cascade Avenue
Colorado Springs, CO 80903
Form 13F File Number: 28-7470
This 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, statement,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Susan M. Chamberlain
Title: Chief Operating Officer
Phone: (719)635-5174
Signature, Place, and Date of Signing:
_______________________ _______________________ __________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 102
Form 13F Information Table Value Total: $138,058
List of Other Included Managers:
Provide a numbered list of the name(s) and the Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other that the manager filing this report.
NONE
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FORM 13F INFORMATION 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>
ADAPTEC INC COM COM 00651F108 1464 36900 SH SOLE 24600 12300
ADOBE SYS INC COM COM 00724F101 1396 12300 SH SOLE 8200 4100
AES CORP COM COM 00130H105 1316 22300 SH SOLE 14900 7400
AFLAC INC COM COM 001055102 1361 32500 SH SOLE 21700 10800
ALLEGHENY ENERGY INC COM COM 017361106 1351 42400 SH SOLE 28300 14100
AMBAC FINL GROUP INC COM COM 023139108 1364 28800 SH SOLE 19300 9500
AMERADA HESS CORP COM COM 023551104 1341 21900 SH SOLE 14700 7200
AMERICA WEST HLDG CORP CL B COM 023657208 1317 76100 SH SOLE 50700 25400
AMERN EAGLE OUTFIT NEW COM COM 02553E106 1400 28900 SH SOLE 19200 9700
AMES DEPT STORES INC COM NEW COM 030789507 1406 44100 SH SOLE 29400 14700
AMKOR TECHNOLOGY INC COM COM 031652100 1198 74300 SH SOLE 49500 24800
ANDRX CORP COM COM 034551101 1305 22300 SH SOLE 14900 7400
APACHE CORP COM COM 037411105 1382 32000 SH SOLE 21300 10700
APPLEBEES INTL INC COM COM 037899101 1368 40600 SH SOLE 27100 13500
APRIA HEALTHCARE GROUP COM COM 037933108 1400 83600 SH SOLE 55500 28100
ARROW ELECTRS INC COM COM 042735100 1327 75300 SH SOLE 50200 25100
ARVIN INDS INC COM COM 043339100 1377 44500 SH SOLE 29700 14800
AVIS RENT A CAR INC COM COM 053790101 1369 65600 SH SOLE 43700 21900
AXA FINL INC COM COM 002451102 1390 24900 SH SOLE 16600 8300
BALL CORP COM COM 058498106 1353 30700 SH SOLE 20500 10200
BEST BUY INC COM COM 086516101 1420 22900 SH SOLE 15200 7700
BIOGEN INC COM COM 090597105 1316 16700 SH SOLE 11100 5600
BJS WHOLESALE CLUB INC COM COM 05548J106 1345 45500 SH SOLE 30200 15300
CALPINE CORP COM COM 131347106 1318 15500 SH SOLE 10300 5200
CATALINA MARKETING CP COM COM 148867104 1382 16300 SH SOLE 10900 5400
CHILDRENS PL RETAIL COM COM 168905107 1392 52300 SH SOLE 34800 17500
CIRCUIT CITY STORE INC CIRCT C COM 172737108 1392 33000 SH SOLE 21900 11100
COMDISCO INC COM COM 200336105 1327 68700 SH SOLE 45700 23000
COMMSCOPE INC COM COM 203372107 1261 38800 SH SOLE 25900 12900
COMVERSE TECHNOLOGY COM PAR $0 COM 205862402 1396 14800 SH SOLE 9900 4900
DII GROUP INC COM COM 232949107 1422 40400 SH SOLE 26900 13500
DOW JONES & CO INC COM COM 260561105 1361 25500 SH SOLE 17000 8500
DTE ENERGY CO COM COM 233331107 1371 37700 SH SOLE 25100 12600
DUKE REALTY INVT INC COM NEW COM 264411505 1359 69700 SH SOLE 46400 23300
ELECTRONICS FOR IMAGNG COM COM 286082102 1310 25474 SH SOLE 17000 8474
ENSCO INTL INC COM COM 26874Q100 1326 73400 SH SOLE 48900 24500
F M C CORP COM NEW COM 302491303 1375 28500 SH SOLE 19000 9500
FEDERATED DEPT STORES COM COM 31410H101 1354 31000 SH SOLE 20700 10300
FOSSIL INC COM COM 349882100 1348 49800 SH SOLE 33200 16600
FURNITURE BRANDS INTL COM COM 360921100 1471 74700 SH SOLE 49800 24900
GALILEO INTL INC COM COM 363547100 1441 35800 SH SOLE 23800 12000
GEORGIA PAC CORP COM GA PAC GR COM 373298108 1359 33600 SH SOLE 22400 11200
HARMONIC INC COM COM 413160102 1347 10300 SH SOLE 7000 3300
HISPANIC BROADCASTING CL A COM 43357B104 1287 16900 SH SOLE 11300 5600
HUNTINGTON BANCSHARES COM COM 446150104 1363 51300 SH SOLE 34200 17100
IBP INC COM COM 449223106 1385 56100 SH SOLE 37300 18800
IN FOCUS SYS INC COM COM 452919103 1585 94600 SH SOLE 62900 31700
INTEGRATED DEVICE TECH COM COM 458118106 1138 61500 SH SOLE 40900 20600
IVAX CORP COM COM 465823102 1350 81800 SH SOLE 54400 27400
KNIGHT RIDDER INC COM COM 499040103 1380 25100 SH SOLE 16800 8300
LAM RESH CORP COM COM 512807108 1299 21300 SH SOLE 14200 7100
LEHMAN BROS HLDGS INC COM COM 524908100 1354 23200 SH SOLE 15400 7800
LUBRIZOL CORP COM COM 549271104 1377 53600 SH SOLE 35700 17900
MALLINCKRODT INC NEW COM COM 561232109 1340 44400 SH SOLE 29600 14800
MANITOWOC INC COM COM 563571108 1368 40100 SH SOLE 26800 13300
MEDIMMUNE INC COM COM 584699102 1305 13100 SH SOLE 8800 4300
METRIS COS INC COM COM 591598107 1484 50300 SH SOLE 33400 16900
MGIC INVT CORP WIS COM COM 552848103 1370 28700 SH SOLE 19100 9600
MGM GRAND INC COM COM 552953101 1380 27000 SH SOLE 18000 9000
MUELLER INDS INC COM COM 624756102 1377 46400 SH SOLE 30900 15500
NATIONAL DATA CORP COM COM 635621105 1370 52700 SH SOLE 35000 17700
NATIONAL SEMICONDUCTOR COM COM 637640103 1247 40800 SH SOLE 27200 13600
NCR CORP NEW COM COM 62886E108 1432 43300 SH SOLE 28800 14500
NEXTEL COMMUNICATIONS CL A COM 65332V103 1410 20800 SH SOLE 13800 7000
NOBLE DRILLING CORP COM COM 655042109 1310 59900 SH SOLE 39900 20000
NORTHROP GRUMMAN CORP COM COM 666807102 1424 22400 SH SOLE 14900 7500
OLD KENT FINL CORP COM COM 679833103 1347 36290 SH SOLE 24205 12085
OUTBACK STEAKHOUSE INC COM COM 689899102 1301 51100 SH SOLE 34100 17000
PACCAR INC COM COM 693718108 1424 28000 SH SOLE 18700 9300
PEPSI BOTTLING GROUP COM COM 713409100 1372 80400 SH SOLE 53500 26900
PMI GROUP INC COM COM 69344M101 1337 32700 SH SOLE 21800 10900
PNC BK CORP COM COM 693475105 1375 26100 SH SOLE 17400 8700
POLYCOM INC COM COM 73172K104 1382 29000 SH SOLE 19900 9100
POWERWAVE TECHNOLOGIES COM COM 739363109 1355 28100 SH SOLE 19000 9100
PREMIER PKS INC COM NEW COM 740540208 1372 47300 SH SOLE 31500 15800
PUBLIC SVC ENTERPRISE COM COM 744573106 1371 35500 SH SOLE 23700 11800
QUALCOMM INC COM COM 747525103 1343 7100 SH SOLE 4700 2400
REYNOLDS R J TOB HLDGS COM COM 76182K105 1315 48700 SH SOLE 32500 16200
ROCKWELL INTL CORP NEW COM COM 773903109 1328 25300 SH SOLE 16900 8400
ROSS STORES INC COM COM 778296103 1340 66600 SH SOLE 44300 22300
SALTON INC COM COM 795757103 1420 45800 SH SOLE 30400 15400
SMITHFIELD FOODS INC COM COM 832248108 1362 50900 SH SOLE 33900 17000
SPIEKER PPTYS INC COM COM 848497103 1332 38400 SH SOLE 25600 12800
STERLING SOFTWARE INC COM COM 859547101 1376 68800 SH SOLE 45800 23000
SUMMIT TECHNOLOGY INC COM COM 86627E101 1357 74100 SH SOLE 49300 24800
SYBASE INC COM COM 871130100 1348 114100 SH SOLE 75900 38200
SYMANTEC CORP COM COM 871503108 1388 38600 SH SOLE 25600 13000
TEREX CORP NEW COM COM 880779103 1370 43500 SH SOLE 28900 14600
TIFFANY & CO NEW COM COM 886547108 1379 23000 SH SOLE 15200 7800
TJX COS INC NEW COM COM 872540109 1341 47800 SH SOLE 31900 15900
TRIGON HEALTHCARE INC COM COM 89618L100 1228 42000 SH SOLE 28000 14000
U S G CORP COM NEW COM 903293405 1357 28500 SH SOLE 19000 9500
UNIONBANCAL CORP COM COM 908906100 1272 35100 SH SOLE 23400 11700
UNISYS CORP COM COM 909214108 1367 30300 SH SOLE 20200 10100
UNITED HEALTHCARE CORP COM COM 910581107 1081 22200 SH SOLE 14800 7400
USFREIGHTWAYS CORP COM COM 916906100 1402 29600 SH SOLE 19700 9900
VALASSIS COMMUNICATNS COM COM 918866104 1360 30950 SH SOLE 20550 10400
VISHAY INTERTECHNOLOGY COM COM 928298108 1313 55300 SH SOLE 36700 18600
WESTERN WIRELESS CORP CL A COM 95988E204 1350 30100 SH SOLE 20000 10100
WHIRLPOOL CORP COM COM 963320106 1365 20900 SH SOLE 14000 6900
YORK INTL CORP NEW COM COM 986670107 1060 29500 SH SOLE 21100 8400
ZALE CORP NEW COM COM 988858106 1349 35200 SH SOLE 23400 11800
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