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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: 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: 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 8/11/99
- ------------------- ------------------ -------
[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).)
[ ] 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: 330,667
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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
June 30, 1999
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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 4,800 100,000 Defined 1 100,000
ADELPHIA COMMUNICATIONS CORPORATION COM 006848105 5,472 86,000 Defined 1 86,000
ADVANCE FIBRE COMMUNICATIONS COM 00754A105 3,125 200,000 Defined 1 200,000
AMERICA ONLINE INC. COM 02364J104 34,050 308,144 Defined 1 308,144
AMERICAN EAGLE OUT. COM 02553E106 7,735 170,000 Defined 1 170,000
AMERICAN EXPRESS COMPANY COM 025816109 2,603 20,000 Defined 1 20,000
AMES DEPARTMENT STORES COM 030789507 10,266 225,000 Defined 1 225,000
ANN TAYLOR COM 036115103 2,088 46,400 Defined 1 46,400
ASK JEEVES INC. COM 045174109 7 500 Defined 1 500
AT&T CORP-LIBERTY MEDIA GROUP COM 001957208 3,675 100,000 Defined 1 100,000
BEST BUY COM 086516101 4,050 60,000 Defined 1 60,000
CABLEVISION SYSTEMS COM 12686C109 2,660 38,000 Defined 1 38,000
CASE CORP COM 14743R103 12,513 260,000 Defined 1 260,000
CBS CORP. COM 12490K107 2,172 50,000 Defined 1 50,000
CHECK POINT SOFTWARE INC. COM M22465104 2,413 45,000 Defined 1 45,000
CIENA CORP COM 171779101 6,038 200,000 Defined 1 200,000
CIRCUIT CITY COM 172737108 4,650 50,000 Defined 1 50,000
CISCO SYSTEMS COM 17275R102 3,866 60,000 Defined 1 60,000
CITRIX SYSTEMS COM 177376100 3,390 60,000 Defined 1 60,000
CLARENT CORP. COM 180461105 18 1,200 Defined 1 1,200
CLEAR CHANNEL COM 184502102 4,136 60,000 Defined 1 60,000
CMGI INC. COM 125750109 9,125 80,000 Defined 1 80,000
COMCAST CORP. CLA 200300200 1,538 40,000 Defined 1 40,000
COMPUTER ASSOCIATES COM 204912109 2,750 50,000 Defined 1 50,000
CORECOMM LTD. COM G2422R109 1,062 22,000 Defined 1 22,000
COVENTRY CORP. COM 222862104 2,734 250,000 Defined 1 250,000
DENDRITE INTL COM 248239105 4,696 130,000 Defined 1 130,000
DIGITAL ISLAND INC. COM 25385N101 269 15,000 Defined 1 15,000
DONALDSON LUFKIN JENRETTE COM 257661108 2,711 45,000 Defined 1 45,000
DSP GROUP, INC. COM 23332K106 4,284 119,000 Defined 1 119,000
E-LOAN INC. COM 26861P107 4 100 Defined 1 100
EXODUS COMMUNICATIONS INC. COM 302088109 3,598 30,000 Defined 1 30,000
FDX CORP. COM 31304N107 2,170 40,000 Defined 1 40,000
FIRST DATA CORP COM 319963104 2,447 50,000 Defined 1 50,000
FOUNDATION HEALTH SYSTEMS CLASS A CLA 350404109 1,800 120,000 Defined 1 120,000
GAP, THE COM 364760108 4,534 90,000 Defined 1 90,000
GEMSTAR INTERNATIONAL GROUP LTD. COM G3788V106 1,305 20,000 Defined 1 20,000
GOLDMAN SACHS COM 38141G104 3,150 43,600 Defined 1 43,600
GUIDANT CORP COM 401698105 4,115 80,000 Defined 1 80,000
HEALTHSOUTH CORP COM 421924101 1,494 100,000 Defined 1 100,000
HOME DEPOT INC. COM 437076102 2,578 40,000 Defined 1 40,000
INTIMATE BRANDS INC. COM 461156101 1,492 31,500 Defined 1 31,500
INTUIT INC. COM 461202103 1,803 20,000 Defined 1 20,000
JDS UNIPHASE CORP COM 46612J101 6,640 40,000 Defined 1 40,000
JONES INTERCABLE INC. COM 480206101 1,470 30,000 Defined 1 30,000
K-SWISS INC. COM 482686102 3,139 67,500 Defined 1 67,500
KOHL'S CORPORATION COM 500255104 7,225 93,600 Defined 1 93,600
LEGATO SYSTEMS COM 524651106 3,465 60,000 Defined 1 60,000
LEVEL 3 COMMUNICATIONS INC. COM 52729N100 3,754 62,500 Defined 1 62,500
LSI LOGIC COM 502161102 2,306 50,000 Defined 1 50,000
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LUCENT TECHNOLOGIES COM 549463107 7,233 107,250 Defined 1 107,250
MCI WORLDCOM INC. COM 55268B106 6,799 78,999 Defined 1 78,999
MEDIAONE GROUP INC. COM 58440J104 2,231 30,000 Defined 1 30,000
MEDIMMUNE INC. COM 584699102 5,420 80,000 Defined 1 80,000
MEDTRONIC INC. COM 585055106 3,115 40,000 Defined 1 40,000
MICROSOFT COM 594918104 4,509 50,000 Defined 1 50,000
MONTANA POWER CORP. COM 612085100 3,017 42,800 Defined 1 42,800
MORGAN STANLEY DEAN WITTER & CO. COM 617446448 3,075 30,000 Defined 1 30,000
NETWORK PLUS CORP. COM 64122D506 438 21,000 Defined 1 21,000
NEXTEL COMMUNICATIONS INC CLASS A CLA 65332V103 6,023 120,000 Defined 1 120,000
NORTEL NETWORKS CORP. COM 656569100 2,604 30,000 Defined 1 30,000
NOVELL INC. COM 670006105 2,650 100,000 Defined 1 100,000
NTL INC. COM 629407107 8,619 100,000 Defined 1 100,000
ORACLE SYSTEMS COM 68389X105 3,713 100,000 Defined 1 100,000
OXFORD HEALTH PLANS COM 691471106 1,556 100,000 Defined 1 100,000
PETCO ANIMAL SUPPLIES INC. COM 716016100 1,575 100,000 Defined 1 100,000
REMEDY CORP COM 759548100 2,150 80,000 Defined 1 80,000
RESEARCH IN MOTION LTD. COM 760975102 2,025 100,000 Defined 1 100,000
RUBIO'S RESTAURANTS INC. COM 78116B102 656 42,500 Defined 1 42,500
SCI SYSTEMS INC. COM 783890106 3,325 70,000 Defined 1 70,000
SCIENTIFIC-ATLANTA, INC. COM 808655104 1,800 50,000 Defined 1 50,000
SDL INC. COM 784076101 2,553 50,000 Defined 1 50,000
SFX ENTERTAINMENT INC. COM 784178105 2,560 40,000 Defined 1 40,000
SIERRA HEALTH COM 826322109 1,341 92,900 Defined 1 92,900
SILICON GRAPHICS COM 827056102 1,146 70,000 Defined 1 70,000
SONIC CORP. COM 84336P103 979 30,000 Defined 1 30,000
STAPLES, INC. COM 855030102 8,539 276,008 Defined 1 276,008
SUN MICROSYSTEMS COM 866810104 2,066 30,000 Defined 1 30,000
TCI SATELLITE ENTERTAINMENT, INC. COM 872298104 881 300,000 Defined 1 300,000
TELEWEST COMMUNICATIONS PLC ADR ADR 87956P105 1,716 37,500 Defined 1 37,500
TERADYNE COM 880770102 3,588 50,000 Defined 1 50,000
TIFFANY & CO.-NEW COM 886547108 2,895 30,000 Defined 1 30,000
TIMBERLAND CO. COM 887100105 1,525 22,400 Defined 1 22,400
TJX COMPANIES INC. COM 872934104 3,331 100,000 Defined 1 100,000
TLC THE LAZER CENTER INC. COM 907834105 2,400 50,000 Defined 1 50,000
TWEETER HOME ENTERTAINMENT GROUP COM 901167106 2,748 70,000 Defined 1 70,000
US TECHNOLOGIES INC. COM 91272D309 599 1,814,900 Defined 1 1,814,900
VIATEL INC COM 925529208 5,781 103,000 Defined 1 103,000
WAL-MART STORES INC. COM 931142103 3,860 80,000 Defined 1 80,000
WATERS CORP COM 941848103 2,125 40,000 Defined 1 40,000
HASBRO JUL 30 PUTS PUT 4180569TF 116 500 Defined 1 500
TOTAL 330,667
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