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: March 31, 2000
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: Ridgecrest Investment Management, LLC
Address: 600 Third Avenue, 17th Floor
New York, New York 10158
Form 13F File Number: 28-04503
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 May 15, 2000
- ------------- ------------------ ------------
[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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 163
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Form 13F Information Table Value Total: $ 113,070
---------
(thousands)
List of Other Included Managers:
None
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Form 13F INFORMATION TABLE - Ridgecrest Investment Management, LLC (quarter ending 3/31/2000)
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ADC TELECOMMUNICATIONS COMMON STOCK 000886101 609 11300 SH SOLE 11300
APAC CUSTOMER SERVICES INC COMMON STOCK 00185E106 301 34700 SH SOLE 34700
AT&T CORP COMMON STOCK 001957109 586 10400 SH SOLE 10400
ACCREDO HEALTH INC COMMON STOCK 00437V104 345 10400 SH SOLE 10400
ADELPHIA COMMUNICATIONS CORP CL A 006848105 578 11800 SH SOLE 11800
ADVANCED MICRO DEVICES INC COMMON STOCK 007903107 228 4000 SH SOLE 4000
AIRGATE PCS INC COMMON STOCK 009367103 1414 13400 SH SOLE 13400
ALCATEL SPONSORED ADR 013904305 905 21000 SH SOLE 21000
ALLIANCE SEMICONDUCTOR CORP COMMON STOCK 01877H100 369 17200 SH SOLE 17200
ALLSTATE CORP COMMON STOCK 020002101 495 20800 SH SOLE 20800
AMERICAN MOBILE SATELLITE CORP COMMON STOCK 02755R103 238 9900 SH SOLE 9900
AMERICAN SOFTWARE INC CL A 029683109 164 11700 SH SOLE 11700
AMERIPATH INC COMMON STOCK 03071D109 262 32300 SH SOLE 32300
ANADARKO PETE CORP COMMON STOCK 032511107 1199 31000 SH SOLE 31000
ANNTAYLOR STORES CORP COMMON STOCK 036115103 228 9900 SH SOLE 9900
ANTEC CORP COMMON STOCK 03664P105 766 17100 SH SOLE 17100
APACHE CORP COMMON STOCK 037411105 741 14900 SH SOLE 14900
APPLIED FILMS CORP COMMON STOCK 038197109 226 11300 SH SOLE 11300
ASHLAND INC COMMON STOCK 044204105 761 22900 SH SOLE 22900
AVANEX CORP COMMON STOCK 05348W109 789 5200 SH SOLE 5200
AVISTA CORP COMMON STOCK 05379B107 982 24100 SH SOLE 24100
BANK ONE CORP COMMON STOCK 06423A103 712 20700 SH SOLE 20700
BELLSOUTH CORP COMMON STOCK 079860102 1163 24800 SH SOLE 24800
BOEING CO COMMON STOCK 097023105 348 9200 SH SOLE 9200
BOUYGUES OFFSHORE S A SPONSORED ADR 102112109 405 17200 SH SOLE 17200
BUCKEYE TECHNOLOGIES INC COMMON STOCK 118255108 431 23800 SH SOLE 23800
BURLINGTON RES INC COMMON STOCK 122014103 340 9200 SH SOLE 9200
BURR BROWN CORP COMMON STOCK 122574106 848 15600 SH SOLE 15600
CABLETRON SYS INC COMMON STOCK 126920107 308 10500 SH SOLE 10500
CABOT CORP COMMON STOCK 127055101 1287 42200 SH SOLE 42200
CABOT OIL & GAS CORP CL A 127097103 365 20200 SH SOLE 20200
CAL DIVE INTL INC COMMON STOCK 127914109 350 6900 SH SOLE 6900
CALLAWAY GOLF CO COMMON STOCK 131193104 326 21000 SH SOLE 21000
CAREMARK RX INC COMMON STOCK 141705103 332 79400 SH SOLE 79400
CAROLINA PWR & LT CO COMMON STOCK 144141108 597 18400 SH SOLE 18400
CASINO DATA SYS COMMON STOCK 147583108 186 36300 SH SOLE 36300
CELADON GROUP INC COMMON STOCK 150838100 269 10400 SH SOLE 10400
CENDANT CORP COMMON STOCK 151313103 387 20900 SH SOLE 20900
CENTURY ALUM CO COMMON STOCK 156431108 664 48300 SH SOLE 48300
CHAMPION INTL CORP COMMON STOCK 158525105 628 11800 SH SOLE 11800
CHIREX INC COMMON STOCK 170038103 549 28500 SH SOLE 28500
CITIZENS UTILS CO DEL CL B 177342201 378 23100 SH SOLE 23100
COASTAL CORP COMMON STOCK 190441105 936 19500 SH SOLE 19500
COLUMBIA/HCA HEALTHCARE CORP COMMON STOCK 197677107 397 15700 SH SOLE 15700
COMMSCOPE INC COMMON STOCK 203372107 1060 23200 SH SOLE 23200
CONVERGYS CORP COMMON STOCK 212485106 1060 27400 SH SOLE 27400
COOPER CAMERON CORP COMMON STOCK 216640102 461 6900 SH SOLE 6900
DELPHI AUTOMOTIVE SYS CORP COMMON STOCK 247126105 416 26000 SH SOLE 26000
DEVON ENERGY CORP NEW COMMON STOCK 25179M103 1132 23300 SH SOLE 23300
DIEBOLD INC COMMON STOCK 253651103 811 29500 SH SOLE 29500
EEX CORP COMMON NEW 26842V207 155 45800 SH SOLE 45800
EOG RES INC COMMON STOCK 26875P101 1112 52500 SH SOLE 52500
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 4977 63000 SH SOLE 63000
F M C CORP COMMON NEW 302491303 356 6300 SH SOLE 6300
FPL GROUP INC COMMON STOCK 302571104 599 13000 SH SOLE 13000
FEDERATED DEPARTMENT STORES INC DEL COMMON STOCK 31410H101 330 7800 SH SOLE 7800
FIRSTCOM CORP COMMON STOCK 33763T104 455 13300 SH SOLE 13300
FLEETBOSTON FINL CORP COMMON STOCK 339030108 854 23400 SH SOLE 23400
FORWARD AIR CORP COMMON STOCK 349853101 417 17600 SH SOLE 17600
FUTURELINK CORP COMMON NEW 36114Q208 588 23400 SH SOLE 23400
GENTEX CORP COMMON STOCK 371901109 326 8800 SH SOLE 8800
GEORGIA GULF CORP COM PAR $0.01 373200203 473 18200 SH SOLE 18200
GLOBAL MARINE INC COMMON STOCK 379352404 1157 45600 SH SOLE 45600
GLOBECOMM SYSTEMS INC COMMON STOCK 37956X103 208 7800 SH SOLE 7800
GREY WOLF INC COMMON STOCK 397888108 132 33500 SH SOLE 33500
HARRIS CORP DEL COMMON STOCK 413875105 408 11800 SH SOLE 11800
HARTFORD FINL SVCS GROUP INC COMMON STOCK 416515104 960 18200 SH SOLE 18200
HEARME INC COMMON STOCK 421903105 371 14700 SH SOLE 14700
HEALTH MGMT ASSOC INC NEW CL A 421933102 988 69300 SH SOLE 69300
ICG COMMUNICATIONS INC COMMON STOCK 449246107 509 14100 SH SOLE 14100
INGERSOLL-RAND CO COMMON STOCK 456866102 805 18200 SH SOLE 18200
INTERLIANT INC COMMON STOCK 458742103 364 12900 SH SOLE 12900
INTERTAN INC COMMON STOCK 461120107 531 38650 SH SOLE 38650
INVESTMENT TECHNOLOGY GRP NEW COMMON STOCK 46145F105 303 8600 SH SOLE 8600
JONES APPAREL GROUP INC COMMON STOCK 480074103 569 18000 SH SOLE 18000
KERR MCGEE CORP COMMON STOCK 492386107 410 7100 SH SOLE 7100
KONINKLIJKE PHILIPS ELECTRS NV SPON ADR NEW 500472204 3872 22600 SH SOLE 22600
LABORATORY CORP OF AMER HLDGS COMMON STOCK 50540R102 829 195100 SH SOLE 195100
LEGATO SYS INC COMMON STOCK 524651106 464 10400 SH SOLE 10400
LOCKHEED MARTIN CORP COMMON STOCK 539830109 1337 65400 SH SOLE 65400
MSC INDL DIRECT INC CL A 553530106 1388 77100 SH SOLE 77100
MARVEL ENTERPRISES INC COMMON STOCK 57383M108 284 47900 SH SOLE 47900
MCDERMOTT INTL INC COMMON STOCK 580037109 339 36900 SH SOLE 36900
METHODE ELECTR INC CL A 591520200 389 7700 SH SOLE 7700
METRETEK TECHNOLOGIES INC COMMON STOCK 59159Q107 328 27600 SH SOLE 27600
MICROCELL
TELECOMMUNICATIONS CL B NON VTG 59501T304 692 15600 SH SOLE 15600
MICROFINANCIAL INC COMMON STOCK 595072109 131 12600 SH SOLE 12600
MITEL CORP COMMON STOCK 606711109 1127 45900 SH SOLE 45900
MONTANA POWER CO COMMON STOCK 612085100 1293 20200 SH SOLE 20200
NTL INC COMMON STOCK 629407107 2331 25111 SH SOLE 25111
NETEGRITY INC COMMON STOCK 64110P107 569 8300 SH SOLE 8300
NEWBRIDGE NETWORKS CORP COMMON STOCK 650901101 380 11700 SH SOLE 11700
OCEAN ENERGY INC TEX COMMON STOCK 67481E106 1169 81300 SH SOLE 81300
OFFICEMAX INC COMMON STOCK 67622M108 214 32900 SH SOLE 32900
OLIN CORP COM PAR $1 680665205 685 38600 SH SOLE 38600
PACKAGING CORP AMER COMMON STOCK 695156109 728 69300 SH SOLE 69300
PAIRGAIN TECHNOLOGIES INC COMMON STOCK 695934109 807 43200 SH SOLE 43200
PENNACO ENERGY INC COMMON STOCK 708046107 330 24100 SH SOLE 24100
PETROQUEST ENERGY INC COMMON STOCK 716748108 84 46100 SH SOLE 46100
PHILLIPS PETE CO COMMON STOCK 718507106 601 13000 SH SOLE 13000
POLAROID CORP COMMON STOCK 731095105 456 19200 SH SOLE 19200
PORTUGAL TELECOM S A SPONSORED ADR 737273102 1335 107300 SH SOLE 107300
PRECISION DRILLING CORP COMMON STOCK 74022D100 1258 37700 SH SOLE 37700
PRIMUS TELECOMMUNICATIONS
GRP COMMON STOCK 741929103 1246 24100 SH SOLE 24100
PRIDE INTL INC COMMON STOCK 741932107 984 43000 SH SOLE 43000
QUESTAR CORP COMMON STOCK 748356102 204 11000 SH SOLE 11000
R & B FALCON CORP COMMON STOCK 74912E101 827 42000 SH SOLE 42000
RAVISENT TECHNOLOGIES INC COMMON STOCK 754440105 393 28300 SH SOLE 28300
READERS DIGEST ASSN INC CL A NON VTG 755267101 669 18900 SH SOLE 18900
REPUBLIC SVCS INC COMMON STOCK 760759100 289 26400 SH SOLE 26400
REYNOLDS METALS CO COMMON STOCK 761763101 548 8200 SH SOLE 8200
ROCKWELL INTL CORP NEW COMMON STOCK 773903109 326 7800 SH SOLE 7800
SBC COMMUNICATIONS INC COMMON STOCK 78387G103 918 21800 SH SOLE 21800
SDL INC COMMON STOCK 784076101 1107 5200 SH SOLE 5200
SFX ENTMT INC CL A 784178105 1388 34000 SH SOLE 34000
SK TELECOM LTD SPONSORED ADR 78440P108 456 11700 SH SOLE 11700
S3 INC COMMON STOCK 784849101 716 34100 SH SOLE 34100
SEAGATE TECHNOLOGY COMMON STOCK 811804103 488 7800 SH SOLE 7800
SEACOR SMIT INC COMMON STOCK 811904101 930 15400 SH SOLE 15400
SHONEYS INC LYON SUB ZERO 04 825039AC4 143 783000 PRN SOLE 783000
SILICON STORAGE
TECHNOLOGY INC COMMON STOCK 827057100 1093 14800 SH SOLE 14800
SITEL CORP COMMON STOCK 82980K107 157 22800 SH SOLE 22800
SMURFIT-STONE CONTAINER
CORP COMMON STOCK 832727101 379 22400 SH SOLE 22400
SOLUTIA INC COMMON STOCK 834376105 245 18300 SH SOLE 18300
SOUTHDOWN INC COMMON STOCK 841297104 1232 20800 SH SOLE 20800
STARWOOD HOTELS&RESORTS
WRLDWD PAIRED CTF 85590A203 469 18200 SH SOLE 18200
SUPERIOR ENERGY SVCS INC COMMON STOCK 868157108 329 33700 SH SOLE 33700
SYBRON INTL CORP-WISC COMMON STOCK 87114F106 531 18300 SH SOLE 18300
TRW INC COMMON STOCK 872649108 415 7100 SH SOLE 7100
TANDY CORP COMMON STOCK 875382103 660 13000 SH SOLE 13000
TEKTRONIX INC COMMON STOCK 879131100 778 13900 SH SOLE 13900
TELEMATE NET SOFTWARE INC COMMON STOCK 87943L100 388 32300 SH SOLE 32300
TELEWEST COMMUNICATIONS
PLC SPONSORED ADR 87956P105 595 7038 SH SOLE 7038
TELSCAPE INTERNATIONAL INC COMMON STOCK 87969E105 525 25000 SH SOLE 25000
TELETECH HOLDINGS INC COMMON STOCK 879939106 2167 62800 SH SOLE 62800
TESCO CORP COMMON STOCK 88157K101 129 18400 SH SOLE 18400
TETRA TECHNOLOGIES INC DEL COMMON STOCK 88162F105 158 11800 SH SOLE 11800
THERMO ELECTRON CORP COMMON STOCK 883556102 283 13900 SH SOLE 13900
THERMEDICS INC COMMON STOCK 883901100 133 16300 SH SOLE 16300
TITAN CORP COMMON STOCK 888266103 380 7500 SH SOLE 7500
TOSCO CORP COMMON NEW 891490302 711 23200 SH SOLE 23200
TREDEGAR CORP COMMON STOCK 894650100 644 23900 SH SOLE 23900
TRUE NORTH COMMUNICATIONS
INC COMMON STOCK 897844106 511 13000 SH SOLE 13000
TUBOSCOPE INC COMMON STOCK 898600101 238 14000 SH SOLE 14000
TYCO INTL LTD NEW COMMON STOCK 902124106 2401 47900 SH SOLE 47900
USX MARATHON GROUP COMMON NEW 902905827 339 13000 SH SOLE 13000
USA NETWORKS INC COMMON STOCK 902984103 765 33900 SH SOLE 33900
USX-U S STL COMMON STOCK 90337T101 390 15600 SH SOLE 15600
UNION PAC RES GROUP COMMON STOCK 907834105 644 44400 SH SOLE 44400
UNITEDGLOBALCOM CL A 913247508 2755 36700 SH SOLE 36700
UNOCAL CORP COMMON STOCK 915289102 637 21400 SH SOLE 21400
VALERO ENERGY CORP NEW COMMON STOCK 91913Y100 356 11600 SH SOLE 11600
VARIAN INC COMMON STOCK 922206107 1121 29200 SH SOLE 29200
VARIAN SEMICONDUCTOR
EQUIPMENT COMMON STOCK 922207105 1110 17450 SH SOLE 17450
WEATHERFORD INTL INC COMMON STOCK 947074100 749 12800 SH SOLE 12800
WESTERN GAS RES INC COMMON STOCK 958259103 478 30100 SH SOLE 30100
WILLIAMS COS INC DEL COMMON STOCK 969457100 1252 28500 SH SOLE 28500
WILLIAMS SONOMA INC COMMON STOCK 969904101 570 18400 SH SOLE 18400
YAHOO INC COMMON STOCK 984332106 1337 7800 SH SOLE 7800
ZAPME CORP COMMON STOCK 98912E100 206 27000 SH SOLE 27000
ACE LTD-ORD ORD G0070K103 357 15600 SH SOLE 15600
TRITON ENERGY LTD ORD G90751101 996 28400 SH SOLE 28400
XL CAP LTD CL A G98255105 720 13000 SH SOLE 13000
</TABLE>
