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: December 31, 1999
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- 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
<TABLE>
<CAPTION>
Signature, Place, and Date of Signing:
<S> <C> <C>
New York, New York February 11, 2000
- ------------------------------------ ------------------------------------ -------------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
</TABLE>
[ 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: 150
------------
Form 13F Information Table Value Total: $ 201,770
-----------
(thousands)
List of Other Included Managers:
No. Form 13F File Number Name
1 28- CIBC Oppenheimer
--------------------------
2 28-6420 Soros Fund Management, LLC
--------------------------
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
APAC Teleservices Inc. COM 00185E106 1,266 90,000 SH SOLE 90,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Adelphia Business CL A 006847107 720 15,000 SH SOLE 15,000
Solutions
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Adelphia Communications CL A 226848105 1,312 20,000 SH SOLE 20,000
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Aeroflex Inc. COM 007768104 519 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Advanced Micro Devices COM 007903107 578 20,000 SH SOLE 20,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Airgate PCS Inc. COM 009367103 790 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Alcatel SPON ADR 013904305 2,097 46,600 SH SOLE 46,600
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Amgen Corp. COM 031162100 1,501 25,000 SH SOLE 25,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Andrew Corp. COM 034425108 947 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
AON Corp. COM 037389103 800 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Apache Corp. COM 037411105 1,170 31,700 SH SOLE 31,700
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Ashland Inc. COM 044204105 658 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Autobytel.com Inc. COM 05275N106 607 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Ballys Total Fitness COM 05873K108 586 22,000 SH SOLE 22,000
Holding
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Barrett Res Corp. New COM 068480201 1,177 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Biocryst Pharmaceuticals COM 09058V103 884 30,000 SH SOLE 30,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Bouygues Offshore SA SPON ADR 102112109 735 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Bowne & Co Inc. COM 103043105 675 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Cabletron Systems, Inc. COM 126920107 1,559 60,000 SH SOLE 60,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Callaway Golf Co. COM 131193104 1,768 100,000 SH SOLE 100,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Catalina Marketing Corp. COM 148867104 1,886 16,300 SH SOLE 16,300
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Celtrix Pharmaceuticals COM 151186103 359 125,000 SH SOLE 125,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Cendant Corp. COM 151313103 1,859 70,000 SH SOLE 70,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Century Aluminum Co. COM 156431108 1,162 77,500 SH SOLE 77,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Chirex Inc. COM 170038103 1,681 115,000 SH SOLE 115,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Citizens Utilities Co. CL B 177342201 993 70,000 SH SOLE 70,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Coastal Corp. COM 190441105 708 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Columbia Energy Group COM 197648108 1,178 31,400 SH SOLE 31,400
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Columbia/HCA Healthcare COM 197677107 1,259 26,600 SH SOLE 26,600
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Commscope Inc. COM 203372107 1,168 29,000 SH SOLE 29,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Computer Sciences Corp. COM 205363104 946 10,000 SH SOLE 10,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Concord Communications COM 206186108 665 15,000 SH SOLE 15,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Corning Inc. COM 219350105 644 5,000 SH SOLE 5,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Cross Timbers Oil Co. COM 227573102 453 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Diebold Inc. COM 253651103 704 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Diversinet Corp. New COM 25536K204 990 45,000 SH SOLE 45,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Du Pont EI de Nemours & COM 263534109 1,035 34,100 SH SOLE 34,100
Co.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
EEX Corporation COM 26842V207 308 105,000 SH SOLE 105,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
E-Tek Dynamics Inc. COM 269240107 1,346 10,000 SH SOLE 10,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Echostar Communications CL A 278762109 15,600 160,000 SH SOLE 160,000
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Elbit Ltd. ORD 284275104 884 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Emisphere Technologies COM 291345106 1,502 50,000 SH SOLE 50,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Ericsson LM Telephone Co. ADR CL B SEK 10 294821400 1,641 25,000 SH SOLE 25,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Extreme Networks Inc. COM 30226D106 1,252 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
FMC Corp. COM 302491303 1,146 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Flowers Industries Inc. COM 343496105 1,035 65,000 SH SOLE 65,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Furniture Brands COM 360921100 659 30,000 SH SOLE 30,000
International
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
General Motors Corp. COM 370442105 1,090 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Getty Images Inc. COM 374276103 411 8,400 SH SOLE 8,400
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Gilead Sciences Inc. COM 375558103 2,706 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Global Marine Inc. COM 379352404 914 55,000 SH SOLE 55,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Global Telesystems Group COM 37936U104 2,433 70,000 SH SOLE 70,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Health Management CL A 421933102 1,337 100,000 SH SOLE 100,000
Associates
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
IGEN International Inc. - COM 449536101 594 20,000 SH SOLE 20,000
Del.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Interliant Inc. COM 458742103 860 33,100 SH SOLE 33,100
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Intertan Inc. COM 461120107 2,221 85,000 SH SOLE 85,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Jones Apparel Group Inc. COM 480074103 1,437 53,000 SH SOLE 53,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Koninklijke Philips SPON ADR 500472204 9,450 70,000 SH SOLE 70,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
LTX Corp. COM 502392103 671 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Lehman Brothers Holdings COM 524908100 847 10,000 SH SOLE 10,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Lowes Co. Inc. COM 548661107 597 10,000 SH SOLE 10,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
MSC Industrial Direct Co. CL A 553530106 1,854 140,000 SH SOLE 140,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Medimmune Inc. COM 584699102 829 5,000 SH SOLE 5,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Methode Electronics Inc. CL A 591520200 883 27,500 SH SOLE 27,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Microcell CL B NON VTG 59501T304 986 30,000 SH SOLE 30,000
Telecommunications
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Modis Professional Svcs COM 607830106 1,139 80,000 SH SOLE 80,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Montana Power Co. COM 612085100 1,803 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
NTL Inc. COM 629407107 7,983 64,000 SH SOLE 64,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Navistar International COM 63934E108 1,410 30,000 SH SOLE 30,000
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Netegrity Inc. COM 64110P107 2,277 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Netsilicon Inc. COM 64115X105 1,002 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Newbridge Networks Corp. COM 650901101 676 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
News Corp. ltd. ADR 652487703 1,338 35,000 SH SOLE 35,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Ocean Energy Inc. Tex. COM 67481E106 1,218 157,300 SH SOLE 157,300
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Olin Corp. New COM PAR $1 680665205 1,981 100,000 SH SOLE 100,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Onyx Software Corp. COM 683402101 1,110 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Osicom Technologies Inc. COM PAR $0.30 688271501 907 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
PPG Industries Inc. COM 693506107 1,877 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Paine Webber Group Inc. COM 695629105 776 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Parametric Technology COM 699173100 830 30,700 SH SOLE 30,700
corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Parker Hannifin Corp. COM 701094104 1,026 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Pegasus Communications CL A 705904100 1,954 20,000 SH SOLE 20,000
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Portugal Telecom SA SPON ADR 737273102 1,587 146,000 SH SOLE 146,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Powerwave Technologies COM 739363109 584 10,000 SH SOLE 10,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Precision Drilling Corp. COM 74022D100 1,541 60,000 SH SOLE 60,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Precision Optics Corp. COM 740294103 617 35,000 SH SOLE 35,000
Inc. - Mass.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Precision Response Corp. COM 740314109 3,152 130,000 SH SOLE 130,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Primus Telecommunications COM 741929103 1,836 48,000 SH SOLE 48,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Pride International Inc. COM 741932107 804 55,000 SH SOLE 55,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Protocol Systems, Inc. COM 74371R106 360 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
QLT Phototherapeutics Inc. COM 746927102 881 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
RSA Security Inc. COM 749719100 1,550 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Rawlings Sporting Goods COM 754459105 239 40,000 SH SOLE 40,000
Co. Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Readers Digest CL A 755267101 1,315 45,000 SH SOLE 45,000
Association Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Republic Services Inc. COM 760759100 926 65,000 SH SOLE 65,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Reynolds Metals Co. COM 761763101 2,528 33,000 SH SOLE 33,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Royal Pitt Nederland NV SPON ADR 780641205 1,440 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
SFX Entertainment Inc. CL A 784178105 1,555 4,300 SH SOLE 4,300
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
S3 Inc. COM 784849101 1,155 100,000 SH SOLE 100,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Seagram Co. Ltd. COM 811850108 895 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Shoney's Inc. LYON SUB ZERO 04 825039AC4 391 2,453,000 PRN SOLE 2,453,0
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Silicon Storage COM 827057100 2,475 60,000 SH SOLE 60,000
Technology Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Smurfit-Stone Container COM 832727101 2,900 118,500 SH SOLE 118,500
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Sterling Commerce Inc. COM 859205106 1,020 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Suiza Foods Corp. COM 865077101 2,576 65,000 SH SOLE 65,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Superior Energy Services COM 868157108 472 70,000 SH SOLE 70,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Technology Solutions Co. COM 87872T108 982 30,000 SH SOLE 30,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Telespectrum Worldwide COM 87951U109 712 100,000 SH SOLE 100,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Telewest PLC SPON ADR 87956P105 1,255 23,980 SH SOLE 23,980
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Teletech Holdings Inc. COM 879939106 4,718 140,000 SH SOLE 140,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Tenet Healthcare Corp. COM 89033G100 1,057 45,000 SH SOLE 45,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Texaco Inc. COM 881694103 815 15,000 SH SOLE 15,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
USA Networks Inc. COM 902984103 2,735 49,500 SH SOLE 49,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
US Interactive Inc. COM 90334M109 537 12,500 SH SOLE 12,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
US Oncology Inc. COM 90338W103 246 50,000 SH SOLE 50,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
United Stationers Inc. COM 913004107 571 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Unitedglobalcom CL A 913247508 11,010 155,900 SH SOLE 155,900
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Valero Energy Corp. COM 91913Y100 497 25,000 SH SOLE 25,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Varian Inc. COM 922206107 3,107 138,100 SH SOLE 138,100
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Varian Semiconductor COM 922207105 2,079 61,150 SH SOLE 61,150
Equipment
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Viatel Inc. COM 925529208 1,072 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Weatherford International COM 947074100 3,359 84,100 SH SOLE 84,100
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Willamette Industries Inc. COM 969133107 929 20,000 SH SOLE 20,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Willbros Group Inc. COM 969199108 185 40,000 SH SOLE 40,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Williams Companies Inc. COM 969457100 763 25,000 SH SOLE 25,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Worldgate Communications, COM 981561307 713 15,000 SH SOLE 15,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
XM Satellite Radio Hldgs CL A 983759101 762 20,000 SH SOLE 20,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Santa Fe International ORD G7805C108 1,035 40,000 SH SOLE 40,000
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Radcom Ltd. ORD M81865103 428 60,000 SH SOLE 60,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
ASM International NV COM N07045102 575 25,000 SH SOLE 25,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Alkermes Inc. COM 01642T108 348 7,100 SH SOLE 7,100
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
American Mobile Satellite COM 02755R103 286 13,600 SH SOLE 13,600
Corp.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Andover.net Inc. COM 034318105 217 6,100 SH SOLE 6,100
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Brooktrout Technology Inc. COM 114580103 285 15,400 SH SOLE 15,400
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Brown Tom Inc. COM 115660201 212 15,900 SH SOLE 15,900
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Computer Network COM 204925101 355 15,500 SH SOLE 15,500
Technology Co.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RIDGECREST 13F INFORMATION TABLE 12/31/99
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> <C> <C> <C>
Honeywell International COM 438516106 576 10,000 SH SOLE 10,000
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Kerr McGee Corp. COM 492386107 651 10,500 SH SOLE 10,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
National Steel Corp. CL B 637844309 116 15,600 SH SOLE 15,600
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Neurocrine Biosciences COM 64125C109 230 9,300 SH SOLE 9,300
Inc.
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Pericom Semiconductor COM 713831105 328 12,500 SH SOLE 12,500
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Quintus Corp. COM 748798105 284 6,200 SH SOLE 6,200
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Sandisk Corp. COM 80004C101 288 3,000 SH SOLE 3,000
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Softnet Sytems, Inc. COM 833964109 266 10,600 SH SOLE 10,600
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Starbucks Corp. COM 855244109 295 12,200 SH SOLE 12,200
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Take-Two Interactive COM 874054109 216 16,700 SH SOLE 16,700
Software
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Telecorp Pcs CL A 879299105 224 5,900 SH SOLE 5,900
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Thestreet.com Inc. COM 88368Q103 295 15,400 SH SOLE 15,400
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
UTI Energy Corp. COM 903387108 200 8,700 SH SOLE 8,700
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
Vari-L Inc. COM 922150107 318 9,300 SH SOLE 9,300
- --------------------------- ----------------- ----------- ---------- --------- -------- ----------- -------- ------- ------ ------
</TABLE>
