UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR/A
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: March 31, 2000
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [X] 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 June 29, 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
---------
Form 13F Information Table Entry Total: 163
---------
Form 13F Information Table Value Total: $ 245,897
---------
(thousands)
List of Other Included Managers:
None
<PAGE>
<TABLE>
<CAPTION>
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 1185 22000 SH SOLE 22000
APAC CUSTOMER SERVICES INC COMMON STOCK 00185E106 668 77000 SH SOLE 77000
AT&T CORP COMMON STOCK 001957109 1127 20000 SH SOLE 20000
ACCREDO HEALTH INC COMMON STOCK 00437V104 663 20000 SH SOLE 20000
ADELPHIA COMMUNICATIONS CORP CL A 006848105 1225 25000 SH SOLE 25000
ADVANCED MICRO DEVICES INC COMMON STOCK 007903107 228 4000 SH SOLE 4000
AIRGATE PCS INC COMMON STOCK 009367103 2849 27000 SH SOLE 27000
ALCATEL SPONSORED ADR 013904305 1961 45500 SH SOLE 45500
ALLIANCE SEMICONDUCTOR CORP COMMON STOCK 01877H100 772 20520 SH SOLE 20520
ALLSTATE CORP COMMON STOCK 020002101 952 40000 SH SOLE 40000
AMERICAN MOBILE SATELLITE CORP COMMON STOCK 02755R103 480 20000 SH SOLE 20000
AMERICAN SOFTWARE INC CL A 029683109 350 25000 SH SOLE 25000
AMERIPATH INC COMMON STOCK 03071D109 568 70000 SH SOLE 70000
ANADARKO PETE CORP COMMON STOCK 032511107 2506 65000 SH SOLE 65000
ANNTAYLOR STORES CORP COMMON STOCK 036115103 472 20500 SH SOLE 20500
ANTEC CORP COMMON STOCK 03664P105 1613 36000 SH SOLE 36000
APACHE CORP COMMON STOCK 037411105 1542 31000 SH SOLE 31000
APPLIED FILMS CORP COMMON STOCK 038197109 480 24000 SH SOLE 24000
ASHLAND INC COMMON STOCK 044204105 1695 51000 SH SOLE 51000
AVANEX CORP COMMON STOCK 05348W109 1517 10000 SH SOLE 10000
AVISTA CORP COMMON STOCK 05379B107 2078 51000 SH SOLE 51000
BANK ONE CORP COMMON STOCK 06423A103 1378 40000 SH SOLE 40000
BELLSOUTH CORP COMMON STOCK 079860102 1876 40000 SH SOLE 40000
BOEING CO COMMON STOCK 097023105 756 20000 SH SOLE 20000
BOUYGUES OFFSHORE S A SPONSORED ADR 102112109 1060 45000 SH SOLE 45000
BUCKEYE TECHNOLOGIES INC COMMON STOCK 118255108 924 51000 SH SOLE 51000
BURLINGTON RES INC COMMON STOCK 122014103 647 17500 SH SOLE 17500
BURR BROWN CORP COMMON STOCK 122574106 1631 30000 SH SOLE 30000
CABLETRON SYS INC COMMON STOCK 126920107 734 25000 SH SOLE 25000
CABOT CORP COMMON STOCK 127055101 2745 90000 SH SOLE 90000
CABOT OIL & GAS CORP CL A 127097103 723 40000 SH SOLE 40000
CAL DIVE INTL INC COMMON STOCK 127914109 761 15000 SH SOLE 15000
CALLAWAY GOLF CO COMMON STOCK 131193104 714 46000 SH SOLE 46000
CAREMARK RX INC COMMON STOCK 141705103 670 160000 SH SOLE 160000
CAROLINA PWR & LT CO COMMON STOCK 144141108 1298 40000 SH SOLE 40000
CASINO DATA SYS COMMON STOCK 147583108 395 77000 SH SOLE 77000
CELADON GROUP INC COMMON STOCK 150838100 517 20000 SH SOLE 20000
CENDANT CORP COMMON STOCK 151313103 740 40000 SH SOLE 40000
CENTURY ALUM CO COMMON STOCK 156431108 1512 110000 SH SOLE 110000
CHAMPION INTL CORP COMMON STOCK 158525105 1358 25500 SH SOLE 25500
CHIREX INC COMMON STOCK 170038103 1444 75000 SH SOLE 75000
CITIZENS UTILS CO DEL CL B 177342201 1162 71000 SH SOLE 71000
COASTAL CORP COMMON STOCK 190441105 1925 41000 SH SOLE 41000
COLUMBIA/HCA HEALTHCARE CORP COMMON STOCK 197677107 759 30000 SH SOLE 30000
COMMSCOPE INC COMMON STOCK 203372107 2284 50000 SH SOLE 50000
CONVERGYS CORP COMMON STOCK 212485106 2089 54000 SH SOLE 54000
COOPER CAMERON CORP COMMON STOCK 216640102 1003 15000 SH SOLE 15000
DELPHI AUTOMOTIVE SYS CORP COMMON STOCK 247126105 800 50000 SH SOLE 50000
DEVON ENERGY CORP NEW COMMON STOCK 25179M103 2526 52000 SH SOLE 52000
DIEBOLD INC COMMON STOCK 253651103 1787 65000 SH SOLE 65000
EEX CORP COMMON NEW 26842V207 338 100000 SH SOLE 100000
EOG RES INC COMMON STOCK 26875P101 2351 111000 SH SOLE 111000
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 8690 110000 SH SOLE 110000
F M C CORP COMMON NEW 302491303 848 15000 SH SOLE 15000
FPL GROUP INC COMMON STOCK 302571104 1152 25000 SH SOLE 25000
FEDERATED DEPARTMENT STORES INC DEL COMMON STOCK 31410H101 634 15000 SH SOLE 15000
FIRSTCOM CORP COMMON STOCK 33763T104 923 27000 SH SOLE 27000
FLEETBOSTON FINL CORP COMMON STOCK 339030108 1642 45000 SH SOLE 45000
FORWARD AIR CORP COMMON STOCK 349853101 948 40000 SH SOLE 40000
FUTURELINK CORP COMMON NEW 36114Q208 1407 56000 SH SOLE 56000
GENTEX CORP COMMON STOCK 371901109 741 20000 SH SOLE 20000
GEORGIA GULF CORP COM PAR $0.01 373200203 910 35000 SH SOLE 35000
GLOBAL MARINE INC COMMON STOCK 379352404 2537 100000 SH SOLE 100000
GLOBECOMM SYSTEMS INC COMMON STOCK 37956X103 208 7800 SH SOLE 7800
GREY WOLF INC COMMON STOCK 397888108 264 67000 SH SOLE 67000
HARRIS CORP DEL COMMON STOCK 413875105 864 25000 SH SOLE 25000
HARTFORD FINL SVCS GROUP INC COMMON STOCK 416515104 1846 35000 SH SOLE 35000
HEARME INC COMMON STOCK 421903105 757 30000 SH SOLE 30000
HEALTH MGMT ASSOC INC NEW CL A 421933102 2138 150000 SH SOLE 150000
ICG COMMUNICATIONS INC COMMON STOCK 449246107 1083 30000 SH SOLE 30000
INGERSOLL-RAND CO COMMON STOCK 456866102 1548 35000 SH SOLE 35000
INTERLIANT INC COMMON STOCK 458742103 875 31000 SH SOLE 31000
INTERTAN INC COMMON STOCK 461120107 1100 80000 SH SOLE 80000
INVESTMENT TECHNOLOGY GRP NEW COMMON STOCK 46145F105 529 15000 SH SOLE 15000
JONES APPAREL GROUP INC COMMON STOCK 480074103 1265 40000 SH SOLE 40000
KERR MCGEE CORP COMMON STOCK 492386107 1386 24000 SH SOLE 24000
KONINKLIJKE PHILIPS ELECTRS NV SPON ADR NEW 500472204 8052 47000 SH SOLE 47000
LABORATORY CORP OF AMER HLDGS COMMON STOCK 50540R102 1742 410000 SH SOLE 410000
LEGATO SYS INC COMMON STOCK 524651106 892 20000 SH SOLE 20000
LOCKHEED MARTIN CORP COMMON STOCK 539830109 2555 125000 SH SOLE 125000
MSC INDL DIRECT INC CL A 553530106 3330 185000 SH SOLE 185000
MARVEL ENTERPRISES INC COMMON STOCK 57383M108 593 100000 SH SOLE 100000
MCDERMOTT INTL INC COMMON STOCK 580037109 689 75000 SH SOLE 75000
METHODE ELECTR INC CL A 591520200 934 18500 SH SOLE 18500
METRETEK TECHNOLOGIES INC COMMON STOCK 59159Q107 713 60000 SH SOLE 60000
MICROCELL TELECOMMUNICATIONS CL B NON VTG 59501T304 1553 35000 SH SOLE 35000
MICROFINANCIAL INC COMMON STOCK 595072109 286 27500 SH SOLE 27500
MITEL CORP COMMON STOCK 606711109 2456 100000 SH SOLE 100000
MONTANA POWER CO COMMON STOCK 612085100 2880 45000 SH SOLE 45000
NTL INC COMMON STOCK 629407107 5755 62000 SH SOLE 62000
NETEGRITY INC COMMON STOCK 64110P107 2055 30000 SH SOLE 30000
NEWBRIDGE NETWORKS CORP COMMON STOCK 650901101 844 26000 SH SOLE 26000
OCEAN ENERGY INC TEX COMMON STOCK 67481E106 3163 220000 SH SOLE 220000
OFFICEMAX INC COMMON STOCK 67622M108 488 75000 SH SOLE 75000
OLIN CORP COM PAR $1 680665205 1775 100000 SH SOLE 100000
PACKAGING CORP AMER COMMON STOCK 695156109 1785 170000 SH SOLE 170000
PAIRGAIN TECHNOLOGIES INC COMMON STOCK 695934109 1775 95000 SH SOLE 95000
PENNACO ENERGY INC COMMON STOCK 708046107 685 50000 SH SOLE 50000
PETROQUEST ENERGY INC COMMON STOCK 716748108 182 100000 SH SOLE 100000
PHILLIPS PETE CO COMMON STOCK 718507106 1156 25000 SH SOLE 25000
POLAROID CORP COMMON STOCK 731095105 974 41000 SH SOLE 41000
PORTUGAL TELECOM S A SPONSORED ADR 737273102 2799 225000 SH SOLE 225000
PRECISION DRILLING CORP COMMON STOCK 74022D100 2837 85000 SH SOLE 85000
PRIMUS TELECOMMUNICATIONS GRP COMMON STOCK 741929103 3102 60000 SH SOLE 60000
PRIDE INTL INC COMMON STOCK 741932107 2402 105000 SH SOLE 105000
QUESTAR CORP COMMON STOCK 748356102 464 25000 SH SOLE 25000
R & B FALCON CORP COMMON STOCK 74912E101 1378 70000 SH SOLE 70000
RAVISENT TECHNOLOGIES INC COMMON STOCK 754440105 833 60000 SH SOLE 60000
READERS DIGEST ASSN INC CL A NON VTG 755267101 1592 45000 SH SOLE 45000
REPUBLIC SVCS INC COMMON STOCK 760759100 711 65000 SH SOLE 65000
REYNOLDS METALS CO COMMON STOCK 761763101 989 14800 SH SOLE 14800
ROCKWELL INTL CORP NEW COMMON STOCK 773903109 627 15000 SH SOLE 15000
SBC COMMUNICATIONS INC COMMON STOCK 78387G103 2106 50000 SH SOLE 50000
SDL INC COMMON STOCK 784076101 2129 10000 SH SOLE 10000
SFX ENTMT INC CL A 784178105 3469 85000 SH SOLE 85000
SK TELECOM LTD SPONSORED ADR 78440P108 975 25000 SH SOLE 25000
S3 INC COMMON STOCK 784849101 2100 100000 SH SOLE 100000
SEAGATE TECHNOLOGY COMMON STOCK 811804103 933 15000 SH SOLE 15000
SEACOR SMIT INC COMMON STOCK 811904101 1811 30000 SH SOLE 30000
SHONEYS INC LYON SUB ZERO 04 825039AC4 448 2453000 PRN SOLE 2453000
SILICON STORAGE TECHNOLOGY INC COMMON STOCK 827057100 2511 34000 SH SOLE 34000
SITEL CORP COMMON STOCK 82980K107 344 50000 SH SOLE 50000
SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 1776 104900 SH SOLE 104900
SOLUTIA INC COMMON STOCK 834376105 468 35000 SH SOLE 35000
SOUTHDOWN INC COMMON STOCK 841297104 2370 40000 SH SOLE 40000
STARWOOD HOTELS&RESORTS WRLDWD PAIRED CTF 85590A203 1030 40000 SH SOLE 40000
SUPERIOR ENERGY SVCS INC COMMON STOCK 868157108 683 70000 SH SOLE 70000
SYBRON INTL CORP-WISC COMMON STOCK 87114F106 1160 40000 SH SOLE 40000
TRW INC COMMON STOCK 872649108 877 15000 SH SOLE 15000
TANDY CORP COMMON STOCK 875382103 1269 25000 SH SOLE 25000
TEKTRONIX INC COMMON STOCK 879131100 1680 30000 SH SOLE 30000
TELEMATE NET SOFTWARE INC COMMON STOCK 87943L100 840 70000 SH SOLE 70000
TELEWEST COMMUNICATIONS PLC SPONSORED ADR 87956P105 2113 25000 SH SOLE 25000
TELSCAPE INTERNATIONAL INC COMMON STOCK 87969E105 1050 50000 SH SOLE 50000
TELETECH HOLDINGS INC COMMON STOCK 879939106 4830 140000 SH SOLE 140000
TESCO CORP COMMON STOCK 88157K101 280 40000 SH SOLE 40000
TETRA TECHNOLOGIES INC DEL COMMON STOCK 88162F105 335 25000 SH SOLE 25000
THERMO ELECTRON CORP COMMON STOCK 883556102 611 30000 SH SOLE 30000
THERMEDICS INC COMMON STOCK 883901100 286 35000 SH SOLE 35000
TITAN CORP COMMON STOCK 888266103 763 15000 SH SOLE 15000
TOSCO CORP COMMON NEW 891490302 1532 50000 SH SOLE 50000
TREDEGAR CORP COMMON STOCK 894650100 1347 50000 SH SOLE 50000
TRUE NORTH COMMUNICATIONS INC COMMON STOCK 897844106 983 25000 SH SOLE 25000
TUBOSCOPE INC COMMON STOCK 898600101 510 30000 SH SOLE 30000
TYCO INTL LTD NEW COMMON STOCK 902124106 5013 100000 SH SOLE 100000
USX MARATHON GROUP COMMON NEW 902905827 652 25000 SH SOLE 25000
USA NETWORKS INC COMMON STOCK 902984103 2031 90000 SH SOLE 90000
USX-U S STL COMMON STOCK 90337T101 750 30000 SH SOLE 30000
UNION PAC RES GROUP COMMON STOCK 907834105 1233 85000 SH SOLE 85000
UNITEDGLOBALCOM CL A 913247508 6381 85000 SH SOLE 85000
UNOCAL CORP COMMON STOCK 915289102 1339 45000 SH SOLE 45000
VALERO ENERGY CORP NEW COMMON STOCK 91913Y100 767 25000 SH SOLE 25000
VARIAN INC COMMON STOCK 922206107 3646 95000 SH SOLE 95000
VARIAN SEMICONDUCTOR EQUIPMNT COMMON STOCK 922207105 2300 36150 SH SOLE 36150
WEATHERFORD INTL INC COMMON STOCK 947074100 2639 45100 SH SOLE 45100
WESTERN GAS RES INC COMMON STOCK 958259103 1032 65000 SH SOLE 65000
WILLIAMS COS INC DEL COMMON STOCK 969457100 2856 65000 SH SOLE 65000
WILLIAMS SONOMA INC COMMON STOCK 969904101 1240 40000 SH SOLE 40000
YAHOO INC COMMON STOCK 984332106 2571 15000 SH SOLE 15000
ZAPME CORP COMMON STOCK 98912E100 439 57500 SH SOLE 57500
ACE LTD-ORD ORD G0070K103 686 30000 SH SOLE 30000
TRITON ENERGY LTD ORD G90751101 2139 61000 SH SOLE 61000
XL CAP LTD CL A G98255105 1385 25000 SH SOLE 25000
</TABLE>
