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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: September 30, 2000
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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: 28-04221
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: Managing Member of KMF Advisers LLC, 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 10/23/00
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[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.)
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[ ] 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: 2
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Form 13F Information Table Entry Total: 80
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Form 13F Information Table Value Total: 606,454
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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 28-04223 KMF Partners, L.P.
2 28-05699 KMF Advisers LLC
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KMF PARTNERS
13F SECURITIES
FOR THE PERIOD ENDING 9/30/00
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Item 2 Item 3 Item 4 Item 6 Item 7 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority
<S> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
ABERCROMBIE AND FITCH CLA 002896207 3,813 200,000 Defined 1, 2 200,000
CO. - CL A
ABGENIX INC. COM 00339B107 12,930 160,000 Defined 1, 2 160,000
ALKERMES INC. COM 01642T108 3,090 80,000 Defined 1, 2 80,000
AMERICA ONLINE INC. COM 02364J104 30,868 574,288 Defined 1, 2 574,288
APPLIED MICRO CIRCUITS CORP. COM 03822W109 6,212 30,000 Defined 1, 2 30,000
ARIBA INC. COM 04033V104 18,625 130,000 Defined 1, 2 130,000
BEA SYSTEMS INC. COM 001957208 9,345 120,000 Defined 1, 2 120,000
BRISTOL MYERS-SQUIBB CO. COM 110122108 2,856 50,000 Defined 1, 2 50,000
BROADCOM CORP CL A CLA 111320107 7,313 30,000 Defined 1, 2 30,000
BROCADE COMMUNICATIONS COM 111621108 5,900 25,000 Defined 1, 2 25,000
SYSTEMS INC.
CACHEFLOW INC. COM 126946102 5,720 40,000 Defined 1, 2 40,000
CELL GENESYS INC. COM 150921104 3,750 125,000 Defined 1, 2 125,000
CEPHALON INC. COM 156708109 3,395 70,000 Defined 1, 2 70,000
CHECK POINT SOFTWARE INC. COM M22465104 15,750 100,000 Defined 1, 2 100,000
CIENA CORP COM 171779101 19,650 160,000 Defined 1, 2 160,000
CISCO SYSTEMS COM 17275R102 6,630 120,000 Defined 1, 2 120,000
CITRIX SYSTEMS COM 177376100 2,408 120,000 Defined 1, 2 120,000
CLEAR CHANNEL COM 184502102 3,390 60,000 Defined 1, 2 60,000
COMMERCE ONE INC. COM 200693109 10,990 140,000 Defined 1, 2 140,000
CORNING INC. COM 219350105 8,910 30,000 Defined 1, 2 30,000
CUBIST PHARMACEUTICALS COM 229678107 4,425 85,000 Defined 1, 2 85,000
CURAGEN CORP. COM 23126R101 3,730 70,000 Defined 1, 2 70,000
DSP GROUP, INC. COM 23332B106 3,382 90,500 Defined 1, 2 90,500
EBAY INC. COM 278642103 8,578 125,000 Defined 1, 2 125,000
ELECTRONIC ARTS INC. COM 285512109 4,938 100,000 Defined 1, 2 100,000
ELI LILLY & CO. COM 532457108 14,992 184,800 Defined 1, 2 184,800
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority
<S> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
ENZO BIOCHEM INC. COM 294100102 4,137 85,300 Defined 1, 2 85,300
ESPERION THERAPEUTICS INC. COM 291345106 3,105 180,000 Defined 1, 2 180,000
EXTREME NETWORKS, INC. COM 30226D106 8,015 70,000 Defined 1, 2 70,000
FINISAR CORP. COM 26875P101 7,256 150,000 Defined 1, 2 150,000
GEMSTAR INTERNATIONAL GROUP COM G3788V106 8,719 100,000 Defined 1, 2 100,000
LTD.
GENENTECH INC. COM 368710406 4,884 26,300 Defined 1, 2 26,300
GLOBESPAN SEMICONDUCTOR INC. COM 379571102 2,440 20,000 Defined 1, 2 20,000
GREY WOLF INC. COM 397888108 1,725 300,000 Defined 1, 2 300,000
GUIDANT CORP COM 401698105 5,655 80,000 Defined 1, 2 80,000
HOME DEPOT INC. COM 437076102 5,306 100,000 Defined 1, 2 100,000
I2 TECHNOLOGIES COM 444903108 13,094 70,000 Defined 1, 2 70,000
IDEC PHARMACEUTICALS CORP. COM 449370105 7,014 40,000 Defined 1, 2 40,000
IMCLONE SYSTEMS COM 45245W109 8,780 75,000 Defined 1, 2 75,000
INSMED INC. COM 452528102 1,648 125,000 Defined 1, 2 125,000
INTERWOVEN INC. COM 46114T102 9,045 80,000 Defined 1, 2 80,000
INTUIT INC. COM 461202103 4,560 80,000 Defined 1, 2 80,000
JDS UNIPHASE CORP COM 46612J101 51,131 540,000 Defined 1, 2 540,000
JUNIPER NETWORKS INC. COM 48203R104 15,326 70,000 Defined 1, 2 70,000
KNIGHT-TRIMARK GROUP INC
CL. A CLA 499068104 6,300 175,000 Defined 1, 2 175,000
KOHL'S CORPORATION COM 500255104 10,107 175,200 Defined 1, 2 175,200
KOMAG INC. COM 500453105 400 100,000 Defined 1, 2 100,000
LABORATORY CORPORATION OF COM 50540R409 8,383 70,000 Defined 1, 2 70,000
AMERICA HOLDINGS
LIBERTY SATELLITE & COM 531182103 1,169 110,000 Defined 1, 2 110,000
TECHNOLOGY INC.
MEDAREX INC. COM 583916101 11,731 100,000 Defined 1, 2 100,000
MEDICINES COMPANY COM 584688105 4,273 125,000 Defined 1, 2 125,000
MEDIMMUNE INC. COM 584699102 24,334 315,000 Defined 1, 2 315,000
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Item 2 Item 3 Item 4 Item 6 Item 7 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority
<S> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
MEDTRONIC INC. COM 585055106 3,461 66,800 Defined 1, 2 66,800
MERCK COM 589331107 7,444 100,000 Defined 1, 2 100,000
MICROMUSE INC. CLA 591689104 6,028 30,000 Defined 1, 2 30,000
MYRIAD GENETICS, INC. COM 62855J104 8,772 102,000 Defined 1, 2 102,000
NEOPHARM INC. COM 640919106 1,975 50,000 Defined 1, 2 50,000
NEWPORT CORP. COM 629526104 7,963 50,000 Defined 1, 2 50,000
NEXTEL COMMUNICATIONS INC CLA 65332V103 3,273 70,000 Defined 1, 2 70,000
CLASS A
NORTEL NETWORKS CORP. COM 656569100 5,956 100,000 Defined 1, 2 100,000
ORACLE SYSTEMS COM 68389X105 7,875 100,000 Defined 1, 2 100,000
OSI PHARMACEUTICALS, INC. COM 671040103 15,050 215,000 Defined 1, 2 215,000
OXFORD HEALTH PLANS COM 691471106 9,220 300,000 Defined 1, 2 300,000
PMC-SIERRA INC. COM 69344F106 5,381 25,000 Defined 1, 2 25,000
PROTON ENERGY SYSTEMS INC. COM 736126103 57 2,000 Defined 1, 2 2,000
PROVIDIAN FINANCIAL CORP. COM 74406A102 3,175 25,000 Defined 1, 2 25,000
QUALCOMM INC. COM 747525103 2,138 30,000 Defined 1, 2 30,000
QUEST DIAGNOSTICS COM 749121109 5,738 50,000 Defined 1, 2 50,000
READ-RITE CORP. COM 755246105 2,250 200,000 Defined 1, 2 200,000
RESEARCH IN MOTION LTD. COM 760975102 5,914 60,000 Defined 1, 2 60,000
SCHERING PLOUGH CORP. COM 757209101 4,650 100,000 Defined 1, 2 100,000
SCIENTIFIC-ATLANTA, INC. COM 808655104 5,090 80,000 Defined 1, 2 80,000
SERONO SA COM 81752M101 1,513 50,000 Defined 1, 2 50,000
SOUTHERN ENERGY INC. COM 842816100 2,039 65,000 Defined 1, 2 65,000
STRATOS LIGHTWAVE INC. COM 863100103 6,450 200,000 Defined 1, 2 200,000
STREETTRACKS MS HIGH TECH 35 COM 86330E703 9,513 100,000 Defined 1, 2 100,000
SUN MICROSYSTEMS COM 866810104 11,675 100,000 Defined 1, 2 100,000
TIFFANY & CO.-NEW COM 886547108 4,628 120,000 Defined 1, 2 120,000
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 7 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Other Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority
<S> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
US TECHNOLOGIES INC. COM 91272D309 8,687 12,085,801 Defined 1, 2 12,085,801
VERTEX PHARMACEUTICALS INC. COM 918076100 4,225 50,000 Defined 1, 2 50,000
TOTAL 606,454
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