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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, 2000
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Check here if Amendment [ ] Amendment Number:
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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 8/14/00
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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: 74
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Form 13F Information Table Value Total: 491,929
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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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<TABLE>
13 F SECURITIES
FOR THE PERIOD ENDING 6/30/00
<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Item 7 Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
ABGENIX INC. COM 00339B107 6,592 55,000 Defined 1,2 55,000 6,592,265.62
ADC TELECOMMUNICATIONS INC. COM 000886101 9,226 110,000 Defined 1,2 110,000 9,226,250.00
ADVANCED MICRO DEVICES COM 007903107 3,129 40,500 Defined 1,2 40,500 3,128,625.00
AETHER SYSTEMS INC. COM 00808V105 2,563 12,500 Defined 1,2 12,500 2,562,500.00
AFFYMETRIX INC. COM 00826T108 3,303 20,000 Defined 1,2 20,000 3,302,500.00
AGILENT TECHNOLOGIES COM 00846U101 2,213 30,000 Defined 1,2 30,000 2,212,500.00
ALKERMES INC. COM 01642T108 3,770 80,000 Defined 1,2 80,000 3,770,000.00
AMERICA ONLINE INC. COM 02364J104 30,399 576,288 Defined 1,2 576,288 30,399,192.00
ARIBA INC. COM 04033V104 9,805 100,000 Defined 1,2 100,000 9,804,687.50
AT&T CORP-LIBERTY MEDIA GROUP COM 001957208 4,875 200,000 Defined 1,2 200,000 4,875,000.00
BROADCOM CORP CL A CLA 111320107 4,379 20,000 Defined 1,2 20,000 4,378,750.00
BROCADE COMMUNICATIONS COM 111621108 3,761 20,500 Defined 1,2 20,500 3,761,429.69
SYSTEMS INC.
CELL GENESYS INC. COM 150921104 1,400 50,000 Defined 1,2 50,000 1,400,000.00
CEPHALON INC. COM 156708109 5,688 95,000 Defined 1,2 95,000 5,688,125.00
CHECK POINT SOFTWARE INC. COM M22465104 10,588 50,000 Defined 1,2 50,000 10,587,500.00
CIENA CORP COM 171779101 13,335 80,000 Defined 1,2 80,000 13,335,000.00
CISCO SYSTEMS COM 17275R102 7,628 120,000 Defined 1,2 120,000 7,627,500.00
CITRIX SYSTEMS COM 177376100 2,273 120,000 Defined 1,2 120,000 2,272,500.00
CLEAR CHANNEL COM 184502102 4,500 60,000 Defined 1,2 60,000 4,500,000.00
CMGI INC. COM 125750109 7,330 160,000 Defined 1,2 160,000 7,330,000.00
CORNING INC. COM 219350105 8,096 30,000 Defined 1,2 30,000 8,096,250.00
DSP GROUP, INC. COM 23332B106 5,068 90,500 Defined 1,2 90,500 5,068,000.00
EMISPHERE TECHNOLOGIES INC. COM 291345106 1,278 30,000 Defined 1,2 30,000 1,278,281.25
EOG RESOURCES INC. COM 26875P101 3,350 100,000 Defined 1,2 100,000 3,350,000.00
EXODUS COMMUNICATIONS INC. COM 302088109 7,370 160,000 Defined 1,2 160,000 7,370,000.00
GEMSTAR INTERNATIONAL GROUP COM G3788V106 2,458 40,000 Defined 1,2 40,000 2,458,125.00
LTD.
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Item 7 Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
GENE LOGIC INC. COM 368689105 6,959 195,000 Defined 1,2 195,000 6,959,062.50
GENENTECH INC. COM 368710406 4,524 26,300 Defined 1,2 26,300 4,523,600.00
GLOBESPAN SEMICONDUCTOR INC. COM 379571102 2,442 20,000 Defined 1,2 20,000 2,441,562.50
GUIDANT CORP COM 401698105 3,960 80,000 Defined 1,2 80,000 3,960,000.00
HUMAN GENOME SCIENCE COM 444903108 1,334 10,000 Defined 1,2 10,000 1,333,750.00
IDEC PHARMACEUTICALS CORP. COM 449370105 4,693 40,000 Defined 1,2 40,000 4,692,500.00
IMCLONE SYSTEMS COM 45245W109 4,204 55,000 Defined 1,2 55,000 4,204,062.50
IMMUNEX CORP. COM 452528102 2,966 60,000 Defined 1,2 60,000 2,966,250.00
INCYTE PHARMACEUTICALS COM 45337C102 2,466 30,000 Defined 1,2 30,000 2,465,625.00
INFOSPACE.COM COM 45678T102 2,763 50,000 Defined 1,2 50,000 2,762,500.00
INKTOMI CORP. COM 457277101 5,913 50,000 Defined 1,2 50,000 5,912,500.00
INTEL CORP. COM 458140100 6,684 50,000 Defined 1,2 50,000 6,684,375.00
INTERWOVEN INC. COM 46114T102 4,399 40,000 Defined 1,2 40,000 4,399,375.00
JDS UNIPHASE CORP COM 46612J101 67,130 560,000 Defined 1,2 560,000 67,130,000.00
JUNIPER NETWORKS INC. COM 48203R104 8,734 60,000 Defined 1,2 60,000 8,733,750.00
KOHL'S CORPORATION COM 500255104 9,746 175,200 Defined 1,2 175,200 9,745,500.00
LAM RESEARCH CORP. COM 512807108 3,750 100,000 Defined 1,2 100,000 3,750,000.00
LEVEL 3 COMMUNICATIONS INC. COM 52729N100 2,640 30,000 Defined 1,2 30,000 2,640,000.00
MEDAREX INC. COM 583916101 2,535 30,000 Defined 1,2 30,000 2,535,000.00
MEDIMMUNE INC. COM 584699102 23,310 315,000 Defined 1,2 315,000 23,310,000.00
MEDTRONIC INC. COM 585055106 3,327 66,800 Defined 1,2 66,800 3,327,475.00
METROMEDIA FIBER NETWORK INC. CLA 591689104 3,969 100,000 Defined 1,2 100,000 3,968,750.00
MICRON TECHNOLOGY COM 595112103 11,008 125,000 Defined 1,2 125,000 11,007,812.50
MICROSOFT COM 594918104 4,000 50,000 Defined 1,2 50,000 4,000,000.00
MYRIAD GENETICS, INC. COM 62855J104 7,552 51,000 Defined 1,2 51,000 7,551,984.37
NABISCO HOLDINGS CORP. COM 629526104 5,250 100,000 Defined 1,2 100,000 5,250,000.00
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<CAPTION>
Item 2 Item 3 Item 4 Item 6 Item 8
Item 1 Title of CUSIP Fair Market Item 5 Investment Item 7 Voting
Name of Issuer Class Number Value Shares Discretion Managers Authority Value
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(b) (Shared)
NETRO CORP. COM 64114R109 2,869 50,000 Defined 1,2 50,000 2,868,750.00
NEXTEL COMMUNICATIONS INC CLA 65332V103 4,283 70,000 Defined 1,2 70,000 4,283,125.00
CLASS A
NORTEL NETWORKS CORP. COM 656569100 13,650 200,000 Defined 1,2 200,000 13,650,000.00
ORACLE SYSTEMS COM 68389X105 8,406 100,000 Defined 1,2 100,000 8,406,250.00
OSI PHARMACEUTICALS, INC. COM 671040103 6,195 215,000 Defined 1,2 215,000 6,194,687.50
OXFORD HEALTH PLANS COM 691471106 2,381 100,000 Defined 1,2 100,000 2,381,250.00
PE CORP-CELERA GENOMICS GROUP COM 69332S201 1,870 20,000 Defined 1,2 20,000 1,870,000.00
PMC-SIERRA INC. COM 69344F106 3,554 20,000 Defined 1,2 20,000 3,553,750.00
PORTAL SOFTWARE INC. COM 736126103 3,194 50,000 Defined 1,2 50,000 3,193,750.00
QWEST COMMUNICATIONS INTL, COM 749121109 7,453 150,000 Defined 1,2 150,000 7,453,125.00
INC.
REDBACK NETWORKS INC. COM 757209101 3,560 20,000 Defined 1,2 20,000 3,560,000.00
SCIENTIFIC-ATLANTA, INC. COM 808655104 7,450 100,000 Defined 1,2 100,000 7,450,000.00
SDL INC. COM 784076101 8,556 30,000 Defined 1,2 30,000 8,555,625.00
SUN MICROSYSTEMS COM 866810104 9,094 100,000 Defined 1,2 100,000 9,093,750.00
SYCAMORE NETWORKS INC. COM 871206108 4,415 40,000 Defined 1,2 40,000 4,415,000.00
TCI SATELLITE ENTERTAINMENT, COM 872298104 956 110,000 Defined 1,2 110,000 955,625.00
INC.
TIFFANY & CO.-NEW COM 886547108 4,050 60,000 Defined 1,2 60,000 4,050,000.00
US TECHNOLOGIES INC. COM 91272D309 13,968 12,080,801 Defined 1,2 12,080,801 13,968,426.16
UTSTARCOM INC. COM 918076100 1,215 40,000 Defined 1,2 40,000 1,215,000.00
VERISIGN INC. COM 92343E102 5,295 30,000 Defined 1,2 30,000 5,295,000.00
VIGNETTE CORP. COM 926734104 5,202 100,000 Defined 1,2 100,000 5,201,562.50
VITESSE SEMICONDUCTOR CORP. COM 928497106 3,678 50,000 Defined 1,2 50,000 3,678,125.00
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TOTAL 491,929 491,923,216.59
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