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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: Karen M. Fleiss
Address: 1270 Avenue of The Americas, 11th Floor
New York, New York 10020
Form 13F File Number: 28-07512
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: Karen M. Fleiss
Title: General Partner of KMF Partners, L.P.
Phone: (212) 582-5048
Signature, Place, and Date of Signing:
/s/ Karen M. Fleiss New York, New York 5/11/99
- ------------------------- --------------------- --------------
[Signature] [City, State] [Date]
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).)
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[ ] 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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 91
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Form 13F Information Table Value Total: 306,349
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(thousands)
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.
No. Form 13F File Number Name
1 28-07518 KMF Partners, L.P.
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Karen M. Fleiss
Form 13F
March 31, 1999
<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Item 8
Name of Issuer Class Number Value Shares Discretion Managers Voting Authority
Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C>
ABERCROMBIE AND FITCH CO.- CL A CLA 002896207 4,600 50,000 Defined 1 50,000
AMAZON.COM INC. COM 023135106 3,444 20,000 Defined 1 20,000
AMERICA ONLINE INC. COM 02364J104 44,989 308,144 Defined 1 308,144
AMERICAN EAGLE OUT. COM 02553E106 4,660 65,000 Defined 1 65,000
AMES DEPARTMENT STORES COM 030789507 8,353 225,000 Defined 1 225,000
ANN TAYLOR COM 036115103 2,492 56,400 Defined 1 56,400
ASCEND COMMUNICATION COM 043491109 5,440 65,000 Defined 1 65,000
AT HOME CORP CLA 045919107 3,150 20,000 Defined 1 20,000
AT&T CORP-LIBERTY MEDIA GROUP COM 001957208 1,578 30,000 Defined 1 30,000
BEST BUY COM 086516101 4,160 80,000 Defined 1 80,000
BROADCOM CORP CLA 111320107 1,849 30,000 Defined 1 30,000
C/NET INC. COM 125945105 1,843 20,000 Defined 1 20,000
CABLEVISION SYSTEMS COM 12686C109 3,706 50,000 Defined 1 50,000
CISCO SYSTEMS COM 17275R102 3,287 30,000 Defined 1 30,000
CITRIX SYSTEMS COM 177376100 2,288 60,000 Defined 1 60,000
CLEAR CHANNEL COM 184502102 4,024 60,000 Defined 1 60,000
CMGI INC. COM 125750109 7,323 40,000 Defined 1 40,000
CONCENTRA MANAGED CARE INC. COM 20589T103 2,175 150,000 Defined 1 150,000
CORNING INC. COM 219350105 1,800 30,000 Defined 1 30,000
CRITICAL PATH, INC. COM 22674V100 655 8,500 Defined 1 8,500
DAYTON HUDSON CORP. COM 239753106 3,331 50,000 Defined 1 50,000
DENDRITE INTL COM 248239105 2,901 130,000 Defined 1 130,000
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Item 8
Name of Issuer Class Number Value Shares Discretion Managers Voting Authority
Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C>
EARTHWEB INC COM 27032C108 2,193 40,000 Defined 1 40,000
EMC CORP COM 268648102 3,833 30,000 Defined 1 30,000
ENTRUST TECHNOLOGIES INC. COM 293848107 1,350 40,000 Defined 1 40,000
EQUANT NV COM 294409107 2,258 30,000 Defined 1 30,000
EXODUS COMMUNICATIONS INC. COM 302088109 3,363 25,000 Defined 1 25,000
FDX CORP. COM 31304N107 2,784 30,000 Defined 1 30,000
FINET HOLDINGS CORP. COM 317922300 1,472 300,000 Defined 1 300,000
GENZYME CORP-MOLECULAR ONCOLOGY
DIVISION 372917500 12 3,241 Defined 1 3,241
GO2NET, INC. COM 383486107 5,305 40,000 Defined 1 40,000
GUIDANT CORP COM 401698105 4,840 80,000 Defined 1 80,000
HOME DEPOT INC. COM 437076102 2,490 40,000 Defined 1 40,000
INFOSEEK CORP COM 45678M107 1,850 25,000 Defined 1 25,000
INFOSPACE.COM COM 45678T102 2,659 30,000 Defined 1 30,000
INKTOMI CORP COM 457277101 858 10,000 Defined 1 10,000
INTERMEDIA COMMUNICATIONS INC. COM 458801107 2,663 100,000 Defined 1 100,000
INTERVU INC. COM 46114R106 1,553 35,000 Defined 1 35,000
INTIMATE BRANDS INC. COM 461156101 1,444 30,000 Defined 1 30,000
INTUIT INC. COM 461202103 3,053 30,000 Defined 1 30,000
JABIL CIRCUIT INC. COM 466313103 996 24,600 Defined 1 24,600
JONES INTERCABLE INC. COM 480206101 1,183 30,000 Defined 1 30,000
K-SWISS INC. COM 482686102 2,525 100,000 Defined 1 100,000
KEEBLER FOODS CO. COM 487256109 1,424 39,000 Defined 1 39,000
KOHL'S CORPORATION COM 500255104 6,634 93,600 Defined 1 93,600
LEGATO SYSTEMS COM 524651106 3,098 60,000 Defined 1 60,000
LEVEL 3 COMMUNICATIONS INC. COM 52729N100 5,279 72,500 Defined 1 72,500
MC INFORMATICS INC- WTS. WTS 55269G112 20 20,000 Defined 1 20,000
MCI WORLDCOM INC. COM 55268B106 6,996 78,999 Defined 1 78,999
MEDIAONE GROUP INC. COM 58440J104 1,905 30,000 Defined 1 30,000
MEDIMMUNE INC. COM 584699102 4,735 80,000 Defined 1 80,000
MEDTRONIC INC. COM 585055106 2,870 40,000 Defined 1 40,000
MICROSOFT COM 594918104 3,585 40,000 Defined 1 40,000
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Item 8
Name of Issuer Class Number Value Shares Discretion Managers Voting Authority
Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C>
MININGCO.COM INC. COM 60366T108 1,880 21,000 Defined 1 21,000
MKS INSTRUMENTS INC. COM 55306N104 535 40,000 Defined 1 40,000
MONTANA POWER CORP. COM 612085100 6,621 90,000 Defined 1 90,000
MOTOROLA INC. COM 620076109 3,663 50,000 Defined 1 50,000
NEON SYSTEMS INC. COM 640509105 2,750 50,000 Defined 1 50,000
NEWBRIDGE NETWORK COM 650901101 1,550 50,000 Defined 1 50,000
NIKE INC COM 654146103 2,884 50,000 Defined 1 50,000
NOVELL INC. COM 670006105 2,519 100,000 Defined 1 100,000
NTL INC. COM 629407107 6,510 80,000 Defined 1 80,000
OXFORD HEALTH PLANS COM 691471106 1,563 100,000 Defined 1 100,000
PARAMETRIC TECHNOLOGY COM 699173100 1,975 100,000 Defined 1 100,000
PFIZER INC COM 717081103 4,856 35,000 Defined 1 35,000
PRICELINE.COM INC. COM 741503106 1,740 21,000 Defined 1 21,000
PROVIDIAN FINANCIAL CORP. COM 744061102 3,300 30,000 Defined 1 30,000
QWEST COMMUNICATIONS INTL, INC. COM 749121109 3,605 50,000 Defined 1 50,000
REALNETWORKS INC. COM 75605L104 2,444 20,000 Defined 1 20,000
ROWECOM INC. COM 77957X108 1,745 40,000 Defined 1 40,000
SECURITY FIRST TECHNOLOGIES COM 814279105 2,668 36,300 Defined 1 36,300
SEPRACOR INC. COM 817315104 2,806 25,000 Defined 1 25,000
SPORTSLINE USA INC. COM 848934105 1,825 40,000 Defined 1 40,000
STAPLES, INC. COM 855030102 9,287 282,508 Defined 1 282,508
SUN MICROSYSTEMS COM 866810104 3,752 30,000 Defined 1 30,000
TCI MUSIC, INC. COM 87229N101 215 42,000 Defined 1 42,000
TELEWEST COMMUNICATIONS PLC ADR ADR 87956P105 1,645 37,500 Defined 1 37,500
TERAYON COMMUNICATION SYSTEMS INC. COM 880775101 1,200 30,000 Defined 1 30,000
TIFFANY & CO.-NEW COM 886547108 2,243 30,000 Defined 1 30,000
TIMBERLAND CO. COM 887100105 1,728 27,400 Defined 1 27,400
TLC THE LAZER CENTER INC. COM 872934104 1,609 50,000 Defined 1 50,000
TWEETER HOME ENTERTAINMENT GROUP COM 901167106 1,629 50,500 Defined 1 50,500
UNIPHASE INC. COM 909149106 2,303 20,000 Defined 1 20,000
USV PARTNERS, LLC COM 91272D309 380 974,900 Defined 1 974,900
VERISIGN INC. COM 92343E102 3,080 20,000 Defined 1 20,000
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Item 8
Name of Issuer Class Number Value Shares Discretion Managers Voting Authority
Sole Shared None
<S> <C> <C> <C> <C> <C> <C> <C>
WAL-MART STORES INC. COM 931142103 3,688 40,000 Defined 1 40,000
WATERS CORP COM 941848103 2,101 20,000 Defined 1 20,000
WEB TRENDS CORP. COM 94844D104 3,258 67,000 Defined 1 67,000
WHITTMAN HART INC COM 966834103 1,183 55,000 Defined 1 55,000
WILLIAMS COMPANIES COM 969457100 2,963 75,000 Defined 1 75,000
YAHOO! INC COM 984332106 3,368 20,000 Defined 1 20,000
TOTAL 306,349
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