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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: 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: 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 1/19/00
- ---------------------- -------------------- -------------------
[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
-----------
Form 13F Information Table Entry Total: 98
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Form 13F Information Table Value Total: 607,247
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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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<TABLE>
Karen M. Fleiss
Form 13F
For The Period Ending 12/31/99
<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>
ABGENIX INC. COM 00339B107 8,613 65,000 Defined 1 65,000
ADOBE SYSTEMS COM 0724F101 2,690 40,000 Defined 1 40,000
AIRGATE PCS COM 9367103 2,638 50,000 Defined 1 50,000
ALKERMES INC. COM 01642T108 2,456 50,000 Defined 1 50,000
ALLEGIANCE TELECOM INC. COM 01747T102 1,845 20,000 Defined 1 20,000
AMAZON.COM INC. COM 023135106 3,045 40,000 Defined 1 40,000
AMERICA ONLINE INC. COM 02364J104 43,726 576,288 Defined 1 576,288
AMERICAN EAGLE OUT. COM 02553E106 5,445 121,000 Defined 1 121,000
AMGEN COM 031162100 12,013 200,000 Defined 1 200,000
APPLE COMPUTER CLA 37833100 5,141 50,000 Defined 1 50,000
APPLIED MICRO CIRCUITS CORP COM 03822W109 2,545 20,000 Defined 1 20,000
ARIBA INC. COM 04033V104 14,190 80,000 Defined 1 80,000
AT&T CORP-LIBERTY MEDIA GROUP COM 001957208 5,681 100,000 Defined 1 100,000
ATMEL COM 049513104 2,956 100,000 Defined 1 100,000
BIOGEN COM 090597105 4,225 50,000 Defined 1 50,000
BRILLIANT DIGITAL ENTERTAINMENT COM 109502104 788 200,000 Defined 1 200,000
BROADBASE SOFTWARE INC. COM 11130R100 2,250 20,000 Defined 1 20,000
BROADCOM CORP CL A CLA 111320107 8,171 30,000 Defined 1 30,000
BROADVISION INC. COM 111412102 3,401 20,000 Defined 1 20,000
CALIPER TECHNOLOGIES CORP. COM 130876105 1,669 25,000 Defined 1 25,000
CELL GENESYS INC. COM 150921104 1,281 100,000 Defined 1 100,000
CEPHALON INC. COM 156708109 3,456 100,000 Defined 1 100,000
CHECK POINT SOFTWARE INC. COM M22465104 8,944 45,000 Defined 1 45,000
CHIRON COM 170040109 2,119 50,000 Defined 1 50,000
CIENA CORP COM 171779101 11,500 200,000 Defined 1 200,000
CISCO SYSTEMS COM 17275R102 6,428 60,000 Defined 1 60,000
CITRIX SYSTEMS COM 177376100 7,380 60,000 Defined 1 60,000
CLEAR CHANNEL COM 184502102 5,355 60,000 Defined 1 60,000
CMGI INC. COM 125750109 30,456 110,000 Defined 1 110,000
COMMERCE ONE INC. COM 200693109 12,281 62,500 Defined 1 62,500
DENDRITE INTL COM 248239105 5,081 150,000 Defined 1 150,000
DOUBLECLICK INC. COM 258609304 6,327 25,000 Defined 1 25,000
DSP GROUP, INC. COM 23332B106 7,347 79,000 Defined 1 79,000
EBAY INC. COM 278642103 2,504 20,000 Defined 1 20,000
ECOLLEGE.COM COM 27887E100 448 41,000 Defined 1 41,000
ENZON INC. COM 293904108 6,506 150,000 Defined 1 150,000
EXTREME NETWORKS, INC. COM 30226D106 2,505 30,000 Defined 1 30,000
FREEMARKETS INC. COM 356602102 7,850 23,000 Defined 1 23,000
GEMSTAR INTERNATIONAL GROUP LTD. COM G3788V106 2,850 40,000 Defined 1 40,000
GENENTECH INC. COM 368710406 7,572 56,300 Defined 1 56,300
GLOBAL CROSSING COM G3921A100 5,000 100,000 Defined 1 100,000
GO2NET, INC. COM 383486107 5,003 57,500 Defined 1 57,500
GUIDANT CORP COM 401698105 3,760 80,000 Defined 1 80,000
HOME DEPOT INC. COM 437076102 5,142 75,000 Defined 1 75,000
HUMAN GENOME SCIENCE COM 444903108 3,053 20,000 Defined 1 20,000
IMCLONE SYSTEMS COM 45245W109 1,981 50,000 Defined 1 50,000
INTERNET INITIATIVE JAPAN INC. COM 46059T109 4,422 45,500 Defined 1 45,500
INTERTRUST TECHNOLOGIES CORP. COM 46113Q109 2,411 20,500 Defined 1 20,500
INTUIT INC. COM 461202103 10,789 180,000 Defined 1 180,000
JDS UNIPHASE CORP COM 46612J101 48,394 300,000 Defined 1 300,000
JONES INTERCABLE INC. COM 480206101 2,079 30,000 Defined 1 30,000
KOHL'S CORPORATION COM 500255104 6,757 93,600 Defined 1 93,600
LEGATO SYSTEMS COM 524651106 8,258 120,000 Defined 1 120,000
LEVEL 3 COMMUNICATIONS INC. COM 52729N100 8,188 100,000 Defined 1 100,000
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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
LIBERTY DIGITAL INC. COM 530436104 12,994 175,000 Defined 1 175,000
LIFEMINDERS.COM COM 53219H108 2,310 40,000 Defined 1 40,000
LIGAND PHARMACEUTICALS COM 53220K207 1,288 100,000 Defined 1 100,000
LSI LOGIC COM 502161102 3,375 50,000 Defined 1 50,000
LUCENT TECHNOLOGIES COM 549463107 7,481 100,000 Defined 1 100,000
MACROMEDIA, INC. COM 556100105 3,656 50,000 Defined 1 50,000
MANUGISTICS COM 565011103 1,293 40,000 Defined 1 40,000
MCI WORLDCOM INC. COM 55268B106 2,682 50,548 Defined 1 50,548
MEDICAL MANAGER CORP COM 58461U103 4,213 50,000 Defined 1 50,000
MEDIMMUNE INC. COM 584699102 18,246 110,000 Defined 1 110,000
MEDTRONIC INC. COM 585055106 2,915 80,000 Defined 1 80,000
MICROSOFT COM 594918104 2,335 20,000 Defined 1 20,000
MRV COMMUNICATIONS INC. COM 553477100 3,144 50,000 Defined 1 50,000
NETVALUE HOLDINGS COM 64120C104 440 40,000 Defined 1 40,000
NEUROCRINE BIOSCIENCES INC. COM 64125C109 2,475 100,000 Defined 1 100,000
NEXT LEVEL COMMUNICATIONS INC. COM 65333U104 4,193 56,000 Defined 1 56,000
NEXTEL COMMUNICATIONS INC CLASS A CLA 65332V103 5,156 50,000 Defined 1 50,000
NEXTLINK COMM CL A CLA 65333H707 4,984 60,000 Defined 1 60,000
NORTEL NETWORKS CORP. COM 656569100 6,060 60,000 Defined 1 60,000
NTL INC. COM 629407107 18,713 150,000 Defined 1 150,000
NTN COMMUNICATIONS INC. COM 629410309 750 200,000 Defined 1 200,000
ORACLE SYSTEMS COM 68389X105 5,603 50,000 Defined 1 50,000
PURCHASEPRO.COM COM 746144104 1,375 10,000 Defined 1 10,000
PMC-SIERRA INC. COM 69344F106 6,413 40,000 Defined 1 40,000
PRECISION OPTICS COM 740294103 1,763 100,000 Defined 1 100,000
PROJECT SOFTWARE COM 74339P101 2,775 50000 Defined 1 50000
QUALCOMM INC. COM 747525103 10,568 60000 Defined 1 60000
QWEST COMMUNICATIONS INTL, INC. COM 749121109 4,300 100000 Defined 1 100000
REALNETWORKS INC. COM 75605L104 7,219 60000 Defined 1 60000
RESEARCH IN MOTION LTD. COM 760975102 6,928 150000 Defined 1 150000
SAFEGUARD SCIENTIFICS COM 786449108 3,241 20000 Defined 1 20000
SCIENTIFIC-ATLANTA, INC. COM 808655104 2,781 50000 Defined 1 50000
SUN MICROSYSTEMS COM 866810104 7,744 100000 Defined 1 100000
SYCAMORE NETWORKS INC. COM 871206108 3,080 10000 Defined 1 10000
TCI SATELLITE ENTERTAINMENT, INC. COM 872298104 4,960 310000 Defined 1 310000
TELEWEST COMMUNICATIONS PLC ADR ADR 87956P105 2,260 40909 Defined 1 40909
TIFFANY & CO.-NEW COM 886547108 5,355 60000 Defined 1 60000
US TECHNOLOGIES INC. COM 91272D309 2,203 10011621 Defined 1 10011621
USINTERNETWORKING INC. COM 917311805 4,193 60000 Defined 1 60000
VERISIGN INC. COM 92343E102 1,909 10000 Defined 1 10000
VERTICALNET INC. COM 92532L107 9,840 60000 Defined 1 60000
VOICE STREAM WIRELESS COM 928615103 2,846 20000 Defined 1 20000
WAL-MART STORES INC. COM 931142103 3,456 50000 Defined 1 50000
YAHOO! INC COM 984332106 10,817 25000 Defined 1 25000
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TOTAL 607,247
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