UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: June 30, 1999
Check here if Amendment [ X ]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Ridgecrest Investment Management, LLC
Address: 600 Third Avenue, 17th Floor
New York, New York 10158
Form 13F File Number: 28-7548
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: David May
Title: Managing Member
Phone: (212) 984-6266
Signature, Place, and Date of Signing:
/s/ David May New York, New York 10/5/99
[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: 0
Form 13F Information Table Entry Total: 119
Form 13F Information Table Value Total: $ 51,294
(thousands)
List of Other Included Managers:
No. Form 13F File Number Name
1 28- CIBC Oppenheimer
2 28-6420 Soros Fund Management, LLC
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Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8:
Name Of issuer Title Of Class Cusip Value SHRS OR SH/ PUT/ Invstment Other Voting
(X$1000) PRN AMT PRN CALL Discr Mgrs Authority
(a) SOLE
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AMC Entertainment Inc. Common Stock 001669100 568 29500 SH SOLE 29500
ACX Technologies Inc. Common Stock 005123104 244 15000 SH SOLE 15000
Advanta Corp CL A 007942105 228 12600 SH SOLE 12600
Alcatel Sponsored ADR 013904305 284 10000 SH SOLE 10000
Alkermes Inc. Common Stock 01642T108 287 12400 SH SOLE 12400
Ames Dept. Stores Inc. Common Stock 030789507 475 10400 SH SOLE 10400
Andrew Corp. Common Stock 034425108 331 17500 SH SOLE 17500
Anesta Corp. Common Stock 034603100 235 11500 SH SOLE 11500
Apache Corp. Common Stock 037411105 476 12200 SH SOLE 12200
Armco Inc. Common Stock 042170100 199 30000 SH SOLE 30000
Associated Group Inc. CL B 045651205 730 11200 SH SOLE 11200
Bea Systems Inc. Common Stock 073325102 571 20000 SH SOLE 20000
Boise Cascade Corp. Common Stock 097383103 407 9500 SH SOLE 9500
Tom Brown Inc. Common Stock 115660201 417 26800 SH SOLE 26800
Cabletron Systems Inc. Common Stock 126920107 208 16000 SH SOLE 16000
Cabot Oil & Gas Corp. CL A 127097103 326 17500 SH SOLE 17500
Catalina Marketing Corp. Common Stock 148867104 340 3700 SH SOLE 3700
Catalytica Inc. Common Stock 148885106 175 12500 SH SOLE 12500
Cendant Corp. Common Stock 151313103 461 22500 SH SOLE 22500
Centocor Inc. Common Stock 152342101 466 10000 SH SOLE 10000
Chirex Inc. Common Stock 1700038103 498 15500 SH SOLE 15500
1
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Ciena Corporation Common Stock 171779101 302 10000 SH SOLE 10000
Cinar Corporation LTD VTG SHS 171905300 429 17500 SH SOLE 17500
Citizens Utilities Co CL B 177342201 223 20000 SH SOLE 20000
Columbia/HCA Healthcare
Corp. Common Stock 197677107 228 10000 SH SOLE 10000
Comdisco Inc. Common Stock 200336105 392 15300 SH SOLE 15300
Commscope Inc. Common Stock 203372107 277 9000 SH SOLE 9000
Corporate Express Inc. Common Stock 219888104 228 32500 SH SOLE 32500
COTT CORP QUE Common Stock 22163N106 123 34000 SH SOLE 34000
Customtracks Corp. Common Stock 232046102 224 4000 SH SOLE 4000
Digital Microwave Corp. Common Stock 253859102 159 12500 SH SOLE 12500
Ensco International Inc. Common Stock 26874Q100 199 10000 SH SOLE 10000
E-Tek Dynamics Inc. Common Stock 269240107 238 5000 SH SOLE 5000
Echostar Communications
Corp. CL A 278762109 2915 19000 SH SOLE 19000
El Paso Electric Co Common Stock 283677854 359 40200 SH SOLE 40200
Electronics for Imaging Inc. Common Stock 286082102 385 7500 SH SOLE 7500
Enzon Inc. Common Stock 293904108 279 13500 SH SOLE 13500
Federated Dept. Stores Common Stock 31410H101 794 15000 SH SOLE 15000
Finova Group Inc. Common Stock 317928109 526 10000 SH SOLE 10000
Forest Laboratories Inc. CL A 345838106 347 7500 SH SOLE 7500
Gadzooks Inc. Common Stock 362553109 240 15000 SH SOLE 15000
2
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Genesis Microchip Inc. Common Stock 371933102 236 10000 SH SOLE 10000
Gilead Sciences Inc. Common Stock 375558103 523 10000 SH SOLE 10000
WR Grace & Co Del Common Stock 38388F108 570 30000 SH SOLE 30000
Houston Exploration Co. Common Stock 442120101 284 15000 SH SOLE 15000
Infoseek Corp. Common Stock 45678M107 240 5000 SH SOLE 5000
Intertan Inc. Common Stock 461120107 694 34700 SH SOLE 34700
Ivax Corporation Common Stock 465823102 141 10000 SH SOLE 10000
Jefferson Smurfit Group PLC Common Stock 47508W107 236 10000 SH SOLE 10000
Jones Apparel Group Inc. Common Stock 480074103 549 18000 SH SOLE 16000
Kerr McGee Corp. Common Stock 492386107 788 15700 SH SOLE 15700
Knight/Trimark Group Inc. CL A 499067106 305 5000 SH SOLE 5000
Koninklijke Philips Sponsored ADR 500472105 2221 22020 SH SOLE 22020
Lehman Brothers Holdings
Inc. Common Stock 524908100 311 5000 SH SOLE 5000
Marine Drilling Companies
Inc. Common Stock 568240204 205 15000 SH SOLE 15000
Medaphis Corp. Common Stock 584028104 144 25000 SH SOLE 25000
Medpartners Inc. Common Stock 58503X107 769 102500 SH SOLE 102500
Mentor Graphics Corp. Common Stock 587200106 217 16900 SH SOLE 16900
Merck & Co. Inc. Common Stock 589331107 368 5000 SH SOLE 5000
Meritor Automotive Inc. Common Stock 59000G100 309 12100 SH SOLE 12100
Metamor Worldwide Inc. Common Stock 59133P100 241 10000 SH SOLE 10000
Microwave Power Devices
Inc. Common Stock 59517M103 257 16700 SH SOLE 16700
Robert Mondavi Corp. CL A 609200100 382 10500 SH SOLE 10500
3
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Murphy Oil Corp. Common Stock 626717102 361 7400 SH SOLE 7400
NPC International Inc. Common Stock 629360306 292 19000 SH SOLE 19000
NTL Inc. Common Stock 629407107 1457 16900 SH SOLE 16900
National Semiconductor Corp. Common Stock 637640103 443 17500 SH SOLE 17500
Netegrity Inc. Common Stock 84110P107 413 25000 SH SOLE 25000
Network Solutions Inc. CL A 64121Q102 396 5000 SH SOLE 5000
Newbridge Networks Corp. Common Stock 650901101 244 8500 SH SOLE 8500
Noble Affiliates Inc. Common Stock 654894104 282 10000 SH SOLE 10000
Noble Drilling Corp. Common Stock 655042109 459 23300 SH SOLE 23300
Northwest Pipe Co. Common Stock 667746101 166 10000 SH SOLE 10000
Nova Chemicals Corp. Common Stock 66977W109 233 10000 SH SOLE 10000
Novoste Corp. Common Stock 67010C100 420 20000 SH SOLE 20000
Nuevo Energy Co. Common Stock 670509108 174 13100 SH SOLE 13100
Ocean Energy Inc. Common Stock 674812201 654 67900 SH SOLE 67900
Pennaco Energy Inc. Common Stock 708046107 118 10000 SH SOLE 10000
Pennzenergy Co. Common Stock 70931Q109 391 23500 SH SOLE 23500
Peregrine Systems Inc. Common Stock 71366Q101 295 11500 SH SOLE 11500
Precision Drilling Corp. Common Stock 74022D100 286 15000 SH SOLE 15000
Premier Parks Inc. Common Stock 740540208 276 7500 SH SOLE 7500
Pride International Inc. Common Stock 741932107 317 30000 SH SOLE 30000
Providian Financial Corp. Common Stock 74406A102 466 5000 SH SOLE 5000
4
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PSINET INC. Common Stock 74437C101 656 15000 SH SOLE 15000
Rawlings Sporting Goods Co.
Inc. Common Stock 754459105 266 26900 SH SOLE 26900
Reynolds Metals Co. Common Stock 761763101 1269 21500 SH SOLE 21500
SFX Entertainment Inc. CL A 784178105 1165 18200 SH SOLE 18200
S3 INC. Common Stock 784849101 256 28100 SH SOLE 28100
Sensormatic Electronics
Corp. Common Stock 817265101 408 29300 SH SOLE 29300
Shoneys Inc. Common Stock 825039100 217 99100 SH SOLE 99100
Shorewood Packaging Corp. Common Stock 825229107 468 25400 SH SOLE 25400
Silicon Graphics Inc. Common Stock 827056102 328 20000 SH SOLE 20000
Smithfield Foods Inc. Common Stock 832248108 619 18500 SH SOLE 18500
Smurfit-Stone Container
Corp. Common Stock 832727101 411 20000 SH SOLE 20000
Suiza Foods Corp. Common Stock 865077101 209 5000 SH SOLE 5000
Superior Energy Services
Inc. Common Stock 868157108 102 20000 SH SOLE 20000
Tekelec Inc. Common Stock 879101103 183 15000 SH SOLE 15000
Telefonos De Mexico SA SP ADR REP ORD 879403780 404 5000 SH SOLE 5000
Topps Co. Inc. Common Stock 890766106 372 51100 SH SOLE 51100
Towne Services Inc.-GA Common Stock 892148107 138 17500 SH SOLE 17500
USA Networks Inc. Common Stock 902984103 598 14900 SH SOLE 14900
Union Pacific Resources
Group Common Stock 907834105 349 21400 SH SOLE 21400
United International
Holdings Common Stock 910734102 1697 25100 SH SOLE 25100
Unocal Corp. Common Stock 915289102 396 10000 SH SOLE 10000
5
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VISX INC-DEL Common Stock 92844S105 396 5000 SH SOLE 5000
Warner-Lambert Co. Common Stock 934488107 518 7500 SH SOLE 7500
Weatherford International
Inc. Common Stock 947074100 817 22300 SH SOLE 22300
Webtrends Corp. Common Stock 94844D104 231 5000 SH SOLE 5000
Western Gas Resources Inc. Common Stock 958259103 580 42500 SH SOLE 42500
WITCO Corp. Common Stock 977385103 203 10300 SH SOLE 10300
World Access Inc. Common Stock 98141A101 247 17500 SH SOLE 17500
Young Broadcasting Inc. CL A 987434107 392 9200 SH SOLE 9200
Zoran Corp. Common Stock 98975F101 209 12500 SH SOLE 12500
Diamlerchrysler A.G. ORD D1668R123 445 5000 SH SOLE 5000
ACE LTD. ORD G0070K103 593 21000 SH SOLE 21000
GEMSTAR International
Group ORD G3788V106 424 6500 SH SOLE 6500
TransOcean Offshore Inc. Common Stock G90076103 669 25500 SH SOLE 25500
Optibase LTD. Foreign Common M7524R108 269 35000 SH SOLE 35000
6
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