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, 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 August 10, 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: 148
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Form 13F Information Table Value Total: $196,033
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(thousands)
List of Other Included Managers:
None
<PAGE>
INFORMATION TABLE - Ridgecrest Investment Management, LLC
(quarter ending 6/30/2000)
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
SHRS
VALUE OR PRN SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ACE LTD Ord G0070K103 2100 75000 SH SOLE 75000
ACXIOM CORP Common Stock 005125109 749 27500 SH SOLE 27500
ADC TELECOMMUNICATIONS Common Stock 000886101 3774 45000 SH SOLE 45000
AIRGATE PCS INC Common Stock 009367103 1051 20000 SH SOLE 20000
ALCATEL Sponsored ADR 013904305 2993 45010 SH SOLE 45010
ALLIANCE SEMICONDUCTOR CORP Common Stock 01877H100 184 7500 SH SOLE 7500
ALLSTATE CORP Common Stock 020002101 225 10000 SH SOLE 10000
SECTOR SPDR TR SBI Cycl Trans 81369Y407 640 25000 SH SOLE 25000
ANADARKO PETE CORP Common Stock 032511107 3698 75000 SH SOLE 75000
ANNTAYLOR STORES CORP Common Stock 036115103 1656 50000 SH SOLE 50000
AON CORP Common Stock 037389103 1087 35000 SH SOLE 35000
ARTISAN COMPONENTS INC Common Stock 042923102 218 20000 SH SOLE 20000
ASHLAND INC Common Stock 044204105 1759 50000 SH SOLE 50000
BAXTER INTL INC Common Stock 071813109 3516 50000 SH SOLE 50000
BEASLEY BROADCAST GROUP INC CL A 074014101 422 31000 SH SOLE 31000
BELL ATLANTIC CORP Common Stock 077853109 1270 25000 SH SOLE 25000
BELLWETHER EXPL CO Common Stock New 079895207 158 19000 SH SOLE 19000
BIOGEN INC Common Stock 090597105 2903 45000 SH SOLE 45000
BOUYGUES OFFSHORE SA Sponsored ADR 102112109 746 30000 SH SOLE 30000
BUCKEYE TECHNOLOGIES INC Common Stock 118255108 1119 51000 SH SOLE 51000
CABLETRON SYS INC Common Stock 126920107 1136 45000 SH SOLE 45000
CABOT CORP Common Stock 127055101 3474 127500 SH SOLE 127500
CANADIAN 88 ENERGY CORP Common Stock New 13566G509 103 50000 SH SOLE 50000
CAREMARK RX INC Common Stock 141705103 2044 300000 SH SOLE 300000
CASINO DATA SYS Common Stock 147583108 640 99900 SH SOLE 99900
CATALINA MARKETING CORP Common Stock 148867104 1275 12500 SH SOLE 12500
CBRL GROUP INC Common Stock 12489V106 1175 80000 SH SOLE 80000
C COR.NET CORP Common Stock 125010108 1350 50000 SH SOLE 50000
CENTURY ALUM CO Common Stock 156431108 1305 120000 SH SOLE 120000
CHESAPEAKE ENERGY CORP Common Stock 165167107 155 20000 SH SOLE 20000
CHYRON CORP Common Stock New 171605207 216 75000 SH SOLE 75000
CIENA CORP Common Stock 171779101 1667 10000 SH SOLE 10000
CITIZENS COMMUNICATIONS CO Common Stock 17453B101 1225 71000 SH SOLE 71000
COMMERCE ONE INC DEL Common Stock 200693109 100 2200 SH SOLE 2200
COMMSCOPE INC Common Stock 203372107 950 25000 SH SOLE 25000
COMMUNITY HEALTH SYS INC NEWCO Common Stock 203668108 2381 150000 SH SOLE 150000
COOPER CAMERON CORP Common Stock 216640102 660 10000 SH SOLE 10000
CORNING INC Common Stock 219350105 1343 5000 SH SOLE 5000
COUNTRYWIDE CR INDS INC DEL Common Stock 222372104 606 20000 SH SOLE 20000
CREDENCE SYS CORP Common Stock 225302108 1104 20000 SH SOLE 20000
DATA RETURN CORP Common Stock 23785M104 725 25000 SH SOLE 25000
DDI CORP Common Stock 233162106 1283 45000 SH SOLE 45000
DEVON ENERGY CORP NEW Common Stock 25179M103 2922 52000 SH SOLE 52000
DIEBOLD INC Common Stock 253651103 1812 65000 SH SOLE 65000
DIGITAL MICROWAVE CORP Common Stock 253859102 381 10000 SH SOLE 10000
EATON CORP Common Stock 278058102 670 10000 SH SOLE 10000
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 1655 50000 SH SOLE 50000
EMCORE CORP Common Stock 290846104 1080 9000 SH SOLE 9000
EOG RES INC Common Stock 26875P101 3350 100000 SH SOLE 100000
ERICSSON LM TEL CO ADR CL B SEK10 294821400 1000 50000 SH SOLE 50000
FIDELITY NATL FINL INC Common Stock 316326107 549 30000 SH SOLE 30000
FINISAR Common Stock 31787A101 2619 100000 SH SOLE 100000
FLOWERS INDS INC Common Stock 343496105 1196 60000 SH SOLE 60000
FMC CORP Common Stock New 302491303 1160 20000 SH SOLE 20000
FRIEDE GOLDMAN HALTER INC Common Stock 358430106 715 80000 SH SOLE 80000
FUTURELINK CORP Common Stock New 36114Q208 288 40000 SH SOLE 40000
GENENTECH INC Common Stock New 368710406 2536 15000 SH SOLE 15000
GEON CO Common Stock 37246W105 555 30000 SH SOLE 30000
GLOBAL MARINE INC Common Stock 379352404 2819 100000 SH SOLE 100000
GLOBAL TELESYSTEMS INC Common Stock 37936U104 1206 100000 SH SOLE 100000
GRANT PRIDECO INC Common Stock 38821G101 2000 80000 SH SOLE 80000
GSI LUMONICS INC Common Stock 36229U102 1054 30000 SH SOLE 30000
HARTE-HANKS INC Common Stock 416196103 625 25000 SH SOLE 25000
HCA HEALTHCARE CO Common Stock 404119109 4556 150000 SH SOLE 150000
HOUGHTON MIFFLIN CO Common Stock 441560109 1634 35000 SH SOLE 35000
IMANAGE INC Common Stock 45245Y105 398 40000 SH SOLE 40000
JDS UNIPHASE CORP Common Stock 46612J101 1798 15000 SH SOLE 15000
JONES APPAREL GROUP INC Common Stock 480074103 1156 50000 SH SOLE 50000
KERR MCGEE CORP Common Stock 492386107 1179 20000 SH SOLE 20000
KEYCORP NEW Common Stock 493267108 881 50000 SH SOLE 50000
KLA-TENCOR CORP Common Stock 482480100 586 10000 SH SOLE 10000
LABORATORY CORP AMER HLDGS Common Stock New 50540R409 5399 70000 SH SOLE 70000
LAM RESEARCH CORP Common Stock 512807108 375 10000 SH SOLE 10000
LIGHTPATH TECHNOLOGIES INC CL A 532257102 1194 30000 SH SOLE 30000
LINCOLN NATL CORP IND Common Stock 534187109 1445 40000 SH SOLE 40000
LUCENT TECHNOLOGIES INC Common Stock 549463107 2963 50000 SH SOLE 50000
MARVEL ENTERPRISES INC Common Stock 57383M108 619 100000 SH SOLE 100000
MCMORAN EXPLORATION CO Common Stock 582411104 330 20000 SH SOLE 20000
MEDAREX INC Common Stock 583916101 1690 20000 SH SOLE 20000
MERCATOR SOFTWARE INC Common Stock 587587106 344 5000 SH SOLE 5000
METHODE ELECTRS CL A 591520200 966 25000 SH SOLE 25000
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 723 20000 SH SOLE 20000
MICROFINANCIAL INC Common Stock 595072109 400 40000 SH SOLE 40000
MITEL CORP Common Stock 606711109 1575 75000 SH SOLE 75000
MONTANA POWER CO Common Stock 612085100 533 15000 SH SOLE 15000
MSC INDL DIRECT CO CL A 553530106 2931 140000 SH SOLE 140000
NATIONAL-OILWELL INC Common Stock 637071101 1644 50000 SH SOLE 50000
NATIONWIDE FINL SVCS INC Common Stock 638612101 822 25000 SH SOLE 25000
NETSILICON INC Common Stock 64115X105 819 25000 SH SOLE 25000
NORTHWEST AIRLS CORP Common Stock 667280101 609 20000 SH SOLE 20000
NRG ENERGY INC Common Stock 629377102 894 50000 SH SOLE 50000
NTL INC Common Stock 629407107 1796 30000 SH SOLE 30000
OCEAN ENERGY INC TEX Common Stock 67481E106 2483 175000 SH SOLE 175000
OLIN CORP Common Stock Par $1680665205 1403 85000 SH SOLE 85000
OMI CORP Common NEW Y6476W104 825 150000 SH SOLE 150000
OSCA INC CL A 687836106 1266 75000 SH SOLE 75000
OTG SOFTWARE INC Common Stock 671059103 143 5000 SH SOLE 5000
PACIFIC SUNWEAR CALIF INC Common Stock 694873100 844 45000 SH SOLE 45000
PACKAGING CORP AMER Common Stock 695156109 2906 250000 SH SOLE 250000
PARAMETRIC TECHNOLOGY CORP Common Stock 699173100 550 50000 SH SOLE 50000
PATTERSON ENERGY INC Common Stock 703414102 713 25000 SH SOLE 25000
PE CORP COM PE BIO GRP 69332S102 1647 25000 SH SOLE 25000
PETROQUEST ENERGY INC Common Stock 716748108 216 75000 SH SOLE 75000
PORTAL SOFTWARE INC Common Stock 736126103 958 15000 SH SOLE 15000
PRECISION DRILLING CORP Common Stock 74022D100 2713 70000 SH SOLE 70000
PRICE COMMUNICATIONS CORP Common Stock New 741437305 589 25000 SH SOLE 25000
PRIDE INTL INC Common Stock 741932107 2513 105000 SH SOLE 105000
PRIMUS TELECOMMUNICATIONS GPR Common Stock 741929103 995 40000 SH SOLE 40000
PROVINCE HEALTHCARE CO Common Stock 743977100 1626 45000 SH SOLE 45000
REALNETWORKS INC Common Stock 75605L104 506 10000 SH SOLE 10000
REEBOK INTL LTD Common Stock 758110100 956 60000 SH SOLE 60000
RENAL CARE GROUP INC Common Stock 759930100 2079 85000 SH SOLE 85000
REPUBLIC SVCS INC Common Stock 760759100 1440 90000 SH SOLE 90000
RIT TECHNOLOGIES LTD Common Stock M8215N109 435 35000 SH SOLE 35000
RUDDICK CORP Common Stock 781258108 413 35000 SH SOLE 35000
S3 INC Common Stock 784849101 1475 100000 SH SOLE 100000
SAPPI LTD Sponsored ADR New 803069202 738 100000 SH SOLE 100000
SFX ENTMT INC CL A 784178105 2719 60000 SH SOLE 60000
SHONEYS INC Common Stock 825039100 409 1670000 SOLE 1670000
SMURFIT-STONE CONTAINER CORP Common Stock 832727101 1288 100000 SH SOLE 100000
SOLUTIA INC Common Stock 834376105 550 40000 SH SOLE 40000
SOUTHDOWN INC Common Stock 841297104 2310 40000 SH SOLE 40000
SOUTHERN CO Common Stock 842587107 1399 60000 SH SOLE 60000
STARWOOD HOTELS&RESORTS WRLDWD Paired CTF 85590A203 1293 40000 SH SOLE 40000
SUPERIOR ENERGY SVCS INC Common Stock 868157108 467 45000 SH SOLE 45000
SYMBOL TECHNOLOGIES INC Common Stock 871508107 1119 20000 SH SOLE 20000
TALISMAN ENERGY INC Common Stock 87425E103 1822 55000 SH SOLE 55000
TELETECH HOLDINGS INC Common Stock 879939106 1749 56300 SH SOLE 56300
TENET HEALTHCARE CORP Common Stock 88033G100 675 25000 SH SOLE 25000
TESCO CORP Common Stock 88157K101 415 40000 SH SOLE 40000
THERMO ELECTRON CORP Common Stock 883556102 2113 100000 SH SOLE 100000
TITAN CORP Common Stock 888266103 890 20000 SH SOLE 20000
TOTAL RENAL CARE HLDGS INC Common Stock 89151A107 1050 175000 SH SOLE 175000
TRIAD HOSPITALS INC Common Stock 89579K109 605 25000 SH SOLE 25000
TRUE NORTH COMMUNICATIONS INC Common Stock 897844106 638 15000 SH SOLE 15000
TUPPERWARE CORP Common Stock 899896104 1980 90000 SH SOLE 90000
TYCO INTL LTD NEW Common Stock 902124106 1895 40000 SH SOLE 40000
UNION PAC RES GROUP INC Common Stock 907834105 1760 80000 SH SOLE 80000
UNITEDGLOBALCOM CL A 913247508 3273 70000 SH SOLE 70000
UNOCAL CORP Common Stock 915289102 497 15000 SH SOLE 15000
USA NETWORKS INC Common Stock 902984103 1514 70000 SH SOLE 70000
VARIAN INC Common Stock 922206107 2306 50000 SH SOLE 50000
VIASYSTEMS GROUP INC Common Stock 92553H100 809 50000 SH SOLE 50000
VITRIA TECHNOLOGY Common Stock 92849Q104 764 12500 SH SOLE 12500
WASTE MGMT INC DEL Common Stock 94106L109 1140 60000 SH SOLE 60000
WEATHERFORD INTL INC Common Stock 947074100 1397 35100 SH SOLE 35100
WESTPOINT STEVENS INC Common Stock 961238102 556 50000 SH SOLE 50000
WILEY JOHN & SONS INC CL A 968223206 563 25000 SH SOLE 25000
</TABLE>
