TUPELO CAPITAL MANAGEMENT LLC
13F-HR, 2000-08-14
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<PAGE>   1
                                  UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or 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:             Tupelo Capital Management, L.L.C.
Address:          12 East 49th Street
                  New York, New York 10017

Form 13F File Number: 028-04729

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 the required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:             LuLu C. Wang
Title:            Principal
Phone:            212-755-3700

Signature, Place and Date of Signing:

/s/ LULU C. WANG                New York, New York             August 14, 2000
[Signature]                       [City, State]                    [Date]


<PAGE>   2
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 holding 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).

List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]

      Form 13F File Number                           Name

         28- ________________              Tupelo Capital Services, L.L.C.

         [Repeat as necessary.]
<PAGE>   3
                              Form 13F SUMMARY PAGE



Report summary:



Number of Other Included Managers:                      0
                                            ---------------------------

Form 13F  Information Table Entry Total:              108
                                            ---------------------------

Form 13F  Information Table Value Total:    $    1,240,134,678.00
                                            ---------------------------
                                                    (thousands)

CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THE PUBLIC FORM 13F REPORT AND
FILED SEPARATELY WITH THE COMMISSION.

List of Other Included Managers:


Provide a number list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

[If there are not entries in this list, state "NONE" and omit the column
headings and list entries.]

<TABLE>
<CAPTION>
         No.             Form 13F File Number            Name
         ---             --------------------            ----
<S>                      <C>                             <C>






</TABLE>

         [Repeat as necessary.]
<PAGE>   4
                                    Form 13F

              Reporting Manager: Tupelo Capital Management, L.L.C.

                           Period Ended: June 30, 2000


<TABLE>
<CAPTION>
                 Item 1:      Item 2:    Item 3:      Item 4:               Item 5:
                                          SEDOL/
                              Title of    CUSIP        Fair         SHARES     SH    PUT/
Name of Issuer                 Class      Number    Market Value   PRN Amount  PRN   CALL
--------------                --------   ---------  ------------  -----------  ---   ----
<S>                           <C>        <C>        <C>            <C>         <C>   <C>
AGILENT TECHNOLOGIES            COM      00846U101   $ 8,724,625      118,300   SH

ALTERA CORP                     COM       22249106   $14,546,481      142,700   SH

ALZA CORP CLASS A               COM       22615108   $27,345,313      462,500   SH

AMERICA ONLINE INC DEL          COM       2364J104   $ 9,220,313      175,000   SH

AMERICAN INTERNATIONAL GROUP    COM      268740107   $21,232,250      180,700   SH

AMGEN INC                       COM       31162100   $16,417,425      233,700   SH

APEX SILVER MINES LTD           COM        2121556   $ 7,468,031      751,500   SH

APEX SILVER MINES LIMITED        WT         G04074   $   726,563      375,000   WT

APPLIED MATERIALS INC           COM       38222105   $15,578,438      171,900   SH

ARIBA INC                       COM       0403V104   $11,383,245      116,100   SH

AUSTAR UNITED COMMUNICATIONS    COM        6164955   $ 1,285,122      381,274   SH

AXA ORDINARIES                  COM       54536107   $21,463,610      136,412   SH

BOOKHAM TECHNOLOGY              ADR      09856Q108   $ 9,165,975      154,700   SH

CAPSTONE TURBINE CORP           COM      14067D102   $ 3,109,313       69,000   SH

CERUS CORP                      COM      157085101   $   859,950       16,800   SH

CHINA TELECOM (HONG KONG)       COM        6073556   $16,932,356    1,927,000   SH

CHINA UNICOM ADR                ADR      16945R104   $18,296,250      861,000   SH

CIENA CORPORATION               COM      171779101   $25,153,144      150,900   SH

CISCO SYSTEMS, INC.             COM      17275R102   $11,803,556      185,700   SH

COLGATE-PALMOLIVE CO            COM      194162103   $11,621,738      194,100   SH

COOPER CAMERON CORPORATION      COM      216640102   $11,979,000      181,500   SH

CORECOMM LIMITED                COM        2297101   $ 3,149,250      161,500   SH

CORVAS INTERNATIONAL            COM      221005101   $ 9,468,000      789,000   SH

DELL COMPUTER CORPORATION       COM      247025109   $16,445,719      333,500   SH

DELTA AIR LINES INC DEL         COM      247361108   $11,983,313      237,000   SH

DEVELOPMENT BANK OF SINGAPORE   COM        6265513   $10,313,331      803,000   SH

DEVON ENERGY CORPORATION        COM      25179M103   $14,372,763      255,800   SH

DOLLAR TREE STORES INC          COM      256747106   $10,474,172      264,750   SH

EOG RESOURCES INC               COM      26875P101   $14,348,050      428,300   SH

ERICSSON TEL-SP ADR             ADR      294821400   $20,082,000    1,004,100   SH

GEMSTAR INTL GROUP LTD          COM        2363187   $11,196,755      182,200   SH

GENENTECH INC.                  COM      368710307   $22,910,400      133,200   SH

GENERAL ELECTRIC                COM      369604103   $12,725,300      240,100   SH

GENERAL MOTORS CLASS H          COM      370442832   $ 7,230,600       82,400   SH

GLOBAL TECH (HOLDINGS) LTD      COM        6148863   $ 7,747,388    6,710,600   SH
</TABLE>


<TABLE>
<CAPTION>
                 Item  1:               Item 6:                Item 7:                  Item 8:
                                  Investment Discretion                             Voting Authority
                                       (b) Shared  (c) Shared                               (b) Shared
Name of Issuer                (a) Sole  As Defined   Other     Manager      (a) Sole        As Defined      (c) None
--------------                --------  ----------   -----     -------    ----------   -------------------  --------
<S>                           <C>      <C>           <C>       <C>        <C>          <C>                  <C>
AGILENT TECHNOLOGIES                         X                      1       118,300

ALTERA CORP                                  X                      1       142,700

ALZA CORP CLASS A                            X                      1       462,500

AMERICA ONLINE INC DEL                       X                      1       175,000

AMERICAN INTERNATIONAL GROUP                 X                      1       180,700

AMGEN INC                                    X                      1       233,700

APEX SILVER MINES LTD                        X                      1       751,500

APEX SILVER MINES LIMITED                    X                      1       375,000

APPLIED MATERIALS INC                        X                      1       171,900

ARIBA INC                                    X                      1       116,100

AUSTAR UNITED COMMUNICATIONS                 X                      1       381,274

AXA ORDINARIES                               X                      1       136,412

BOOKHAM TECHNOLOGY                           X                      1       154,700

CAPSTONE TURBINE CORP                        X                      1        69,000

CERUS CORP                                   X                      1        16,800

CHINA TELECOM (HONG KONG)                    X                      1     1,927,000

CHINA UNICOM ADR                             X                      1       861,000

CIENA CORPORATION                            X                      1       150,900

CISCO SYSTEMS, INC.                          X                      1       185,700

COLGATE-PALMOLIVE CO                         X                      1       194,100

COOPER CAMERON CORPORATION                   X                      1       181,500

CORECOMM LIMITED                             X                      1       161,500

CORVAS INTERNATIONAL                         X                      1       789,000

DELL COMPUTER CORPORATION                    X                      1       333,500

DELTA AIR LINES INC DEL                      X                      1       237,000

DEVELOPMENT BANK OF SINGAPORE                X                      1       803,000

DEVON ENERGY CORPORATION                     X                      1       255,800

DOLLAR TREE STORES INC                       X                      1       264,750

EOG RESOURCES INC                            X                      1       428,300

ERICSSON TEL-SP ADR                          X                      1     1,004,100

GEMSTAR INTL GROUP LTD                       X                      1       182,200

GENENTECH INC.                               X                      1       133,200

GENERAL ELECTRIC                             X                      1       240,100

GENERAL MOTORS CLASS H                       X                      1        82,400

GLOBAL TECH (HOLDINGS) LTD                   X                      1     6,710,600
</TABLE>


<PAGE>   5



<TABLE>
<CAPTION>
                 Item 1:        Item 2:    Item 3:      Item 4:                Item 5:
                                            SEDOL/
                                Title of    CUSIP        Fair         SHARES     SH    PUT/
Name of Issuer                   Class      Number    Market Value   PRN Amount  PRN   CALL
--------------                  --------   ---------  ------------   ----------  ---   ----
<S>                             <C>        <C>        <C>            <C>         <C>   <C>

HOME DEPOT INC                    COM      437076102   $ 6,436,944      128,900   SH

HUTCHISON WHAMPOA                 COM        6448068   $10,437,576      830,290   SH

INFOSPACE.COM INC.                COM      45678T102   $13,967,200      252,800   SH

INHALE THERAPEUTIC SYS INC        COM      457191104   $ 5,864,897       57,800   SH

INTEL CORP                        COM      458140100   $21,349,894      159,700   SH

JOHNSON ELECTRIC HLDGS            COM        6126331   $16,415,513    1,735,200   SH

JUNIPER NETWORKS INC.             COM      48203R104   $20,669,875      142,000   SH

KOHL'S CORP (WISCONSIN)           COM      500255104   $ 8,243,625      148,200   SH

KOKUSAI SECURITIES CO LTD         COM        6496186   $ 6,716,371      484,000   SH

KOMERI CO LTD                     COM        6496250   $10,646,513      352,200   SH

LEHMAN BROTHERS INC.              COM      524908100   $23,706,819      250,700   SH

LI & FUNG LTD                     COM        6181073   $13,092,328    2,617,000   SH

MARSH & MCLENNAN COS              COM      571748102   $19,508,925      186,800   SH

MICRON TECHNOLOGY INC             COM      595112103   $16,009,763      181,800   SH

MORGAN STANLEY DEAN WITTER &  CO  COM      617446448   $22,768,875      273,500   SH

NABORS INDUSTRIES INC.            COM      629568106   $20,536,031      494,100   SH

NETWORK APPLIANCE                 COM      64120l104   $17,549,000      218,000   SH

NEXTEL COMMUNICATIONS CL A        COM      65332V103   $13,320,519      217,700   SH

NEXTEL PARTNERS INC               COM      65332V103   $10,791,213      331,400   SH

NEXTLINK                          COM      65333H707   $12,011,013      316,600   SH

NIKKO SECURITIES                  COM        6640284   $11,753,778    1,185,000   SH

NOKIA CORP-SPONSERED ADR A        ADR      654902204   $17,597,975      352,400   SH

NTL INCORPORATED                  COM      629407107   $ 9,445,641      157,756   SH

NTT DOCOMO                        ADR        5548431   $12,966,324       95,600   SH

OMI CORP                          COM        2256469   $12,393,150    2,279,200   SH

OMNICOM GROUP                     COM      681919106   $12,370,781      138,900   SH

ORACLE CORPORATION                COM      68389X105   $24,058,688      286,200   SH

PE BIOSYSTEMS CORP                COM      69332S102   $21,303,975      323,400   SH

PMC-SIERRA INC                    COM      69344F106   $13,362,100       75,200   SH

QUALCOMM INC                      COM      747525103   $ 2,436,000       40,600   SH

R&B FALCON CORP                   COM      74912E105   $16,729,375      710,000   SH

RAMBUS INC                        COM      750917106   $15,171,900      147,300   SH

REDIFF.COM INDIA LTD ADR          ADR      757479100   $ 3,537,800      252,700   SH

SAMINA CORP                       COM      800907107   $12,183,750      142,500   SH

SAMSUNG ELECTRONICS               COM        6771720   $25,385,506       76,700   SH

SAP AKTIENGESELLSCHAFT            ADR      803054204   $20,671,275      440,400   SH

SCHLUMBERGER LTD                  COM      806857108   $11,447,475      153,400   SH

SERENA SOFTWARE INC.              COM      817492101   $13,422,073      295,600   SH

SIEBEL SYSTEMS INC.               COM      826170102   $17,517,544      107,100   SH

SOFTBANK CORP                     COM        6770620   $ 3,550,349       26,100   SH

STMICORELECTRONICS NV             ADR      861012102   $12,811,825      199,600   SH

STORAGE NETWORKS INC              COM      86211E103   $   902,500       10,000   SH

SYMBOL TECHNOLOGIES               COM      871508107   $11,815,200      218,800   SH

TAIWAN SEMICONDUCTOR-SP ADR       ADR      874039100   $19,769,940      510,192   SH
</TABLE>



<TABLE>
<CAPTION>
                 Item 1:                Item 6:                Item 7:                   Item 8:
                                 Investment Discretion                              Voting Authority
                                       (b) Shared  (c) Shared                               (b) Shared
Name of Issuer                (a) Sole   As Defined  Other     Manager      (a) Sole        As Defined      (c) None
--------------                --------   ----------  -----     -------    ----------   ----------------     --------
<S>                           <C>      <C>           <C>       <C>        <C>          <C>                  <C>

HOME DEPOT INC                               X                      1       128,900

HUTCHISON WHAMPOA                            X                      1       830,290

INFOSPACE.COM INC.                           X                      1       252,800

INHALE THERAPEUTIC SYS INC                   X                      1        57,800

INTEL CORP                                   X                      1       159,700

JOHNSON ELECTRIC HLDGS                       X                      1     1,735,200

JUNIPER NETWORKS INC.                        X                      1       142,000

KOHL'S CORP (WISCONSIN)                      X                      1       148,200

KOKUSAI SECURITIES CO LTD                    X                      1       484,000

KOMERI CO LTD                                X                      1       352,200

LEHMAN BROTHERS INC.                         X                      1       250,700

LI & FUNG LTD                                X                      1     2,617,000

MARSH & MCLENNAN COS                         X                      1       186,800

MICRON TECHNOLOGY INC                        X                      1       181,800

MORGAN STANLEY DEAN WITTER & C      O        X                      1       273,500

NABORS INDUSTRIES INC.                       X                      1       494,100

NETWORK APPLIANCE                            X                      1       218,000

NEXTEL COMMUNICATIONS CL A                   X                      1       217,700

NEXTEL PARTNERS INC                          X                      1       331,400

NEXTLINK                                     X                      1       316,600

NIKKO SECURITIES                             X                      1     1,185,000

NOKIA CORP-SPONSERED ADR A                   X                      1       352,400

NTL INCORPORATED                             X                      1       157,756

NTT DOCOMO                                   X                      1        95,600

OMI CORP                                     X                      1     2,279,200

OMNICOM GROUP                                X                      1       138,900

ORACLE CORPORATION                           X                      1       286,200

PE BIOSYSTEMS CORP                           X                      1       323,400

PMC-SIERRA INC                               X                      1        75,200

QUALCOMM INC                                 X                      1        40,600

R&B FALCON CORP                              X                      1       710,000

RAMBUS INC                                   X                      1       147,300

REDIFF.COM INDIA LTD ADR                     X                      1       252,700

SAMINA CORP                                  X                      1       142,500

SAMSUNG ELECTRONICS                          X                      1        76,700

SAP AKTIENGESELLSCHAFT                       X                      1       440,400

SCHLUMBERGER LTD                             X                      1       153,400

SERENA SOFTWARE INC.                         X                      1       295,600

SIEBEL SYSTEMS INC.                          X                      1       107,100

SOFTBANK CORP                                X                      1        26,100

STMICORELECTRONICS NV                        X                      1       199,600

STORAGE NETWORKS INC                         X                      1        10,000

SYMBOL TECHNOLOGIES                          X                      1       218,800

TAIWAN SEMICONDUCTOR-SP ADR  F                X                      1       510,192
</TABLE>


<PAGE>   6





<TABLE>
<CAPTION>
                 Item 1:       Item 2:     Item 3:     Item 4:                Item 5:
                                           SEDOL/
                               Title of    CUSIP        Fair         SHARES     SH    PUT/
Name of Issuer                  Class      Number    Market Value   PRN Amount  PRN   CALL
--------------                 --------   ---------  ------------   ----------  ---   ----
<S>                            <C>        <C>        <C>            <C>         <C>   <C>

TELEFONOS DE MEXICO-SP ADR L     ADR      879403780   $11,082,250      194,000   SH

TEXAS INSTRUMENTS INC.           COM      882508104   $13,016,281      189,500   SH

THE WALT DISNEY CO.              COM      254687106   $ 9,703,125      250,000   SH

TIBCO SOFTWARE                   COM      88632Q103   $16,975,206      158,300   SH

TIFFANY & CO                     COM      886547108   $12,217,500      181,000   SH

TITAN PHARMACEUTICALS INC        COM      888314101   $17,535,400      407,800   SH

TYCO INTERNATIONAL               COM      902124106   $12,814,938      270,500   SH

UNIVISION COMMUNICATIONS         COM      914906102   $10,381,050      100,300   SH

VERITAS SOFTWARE                 COM      923436109   $10,634,768       94,100   SH

VINTAGE PETROLEUM INC            COM      927460105   $12,829,038      568,600   SH

VODAFONE GROUP PLC SPON ADR      ADR      92857T107   $ 9,791,681      236,300   SH

WAL-MART STORES INC.             COM      931142103   $ 9,271,863      160,900   SH

WEATHERFORD INTERNATIONAL        COM      947074100   $11,378,413      285,800   SH

XM SATELLITE RADIO HOLD-CL A      COM      983759101   $ 8,648,063      231,000   SH

YAHOO! INC.                      COM      984332106   $10,863,838       87,700   SH
</TABLE>



<TABLE>
<CAPTION>

                 Item 1:                             Item 6:                Item 7:                     Item 8:
                                              Investment Discretion                              Voting Authority
                                                   (b) Shared  (c) Shared                               (b) Shared
Name of Issuer                          (a) Sole   As Defined    Other     Manager      (a) Sole        As Defined      (c) None
--------------                          --------   -----------   -------   -------    ----------   ----------------    ---------
                                        <C>        <C>           <C>       <C>        <C>          <C>                  <C>
TELEFONOS DE MEXICO-SP ADR L
                                                         X                      1       194,000
TEXAS INSTRUMENTS INC.
                                                         X                      1       189,500
THE WALT DISNEY CO.
                                                         X                      1       250,000
TIBCO SOFTWARE
                                                         X                      1       158,300
TIFFANY & CO
                                                         X                      1       181,000
TITAN PHARMACEUTICALS INC
                                                         X                      1       407,800
TYCO INTERNATIONAL
                                                         X                      1       270,500
UNIVISION COMMUNICATIONS
                                                         X                      1       100,300
VERITAS SOFTWARE
                                                         X                      1        94,100

VINTAGE PETROLEUM INC                                    X                      1       568,600

VODAFONE GROUP PLC SPON ADR                              X                      1       236,300

WAL-MART STORES INC.                                     X                      1       160,900

WEATHERFORD INTERNATIONAL                                X                      1       285,800

XM SATELLITE RADIO HOLD-CL A                             X                      1       231,000

YAHOO! INC.                                              X                      1        87,700
</TABLE>





THE FOLLOWING OPTIONS LISTED WITH RESPECT TO MANAGER ABOVE.


<TABLE>
<CAPTION>
                 Item 1:        Item 2:     Item 3:      Item 4:               Item 5:
                                            SEDOL/
                                Title of    CUSIP        Fair         SHARES     SH    PUT/
Name of Issuer                   Class      Number    Market Value   PRN Amount  PRN   CALL
--------------                  --------  ---------  -------------  ----------- ----  -----
<S>                             <C>       <C>        <C>            <C>         <C>   <C>



AAR CORP                              COM         361105    $   646,875         1,150         (p)


SAPIENT                               COM      803062108    $    18,750           750         (p)


AMERICAN INTERNATIONAL GROUP          COM       26874107    $ 1,612,500         1,000         (c)


CITIGROUP                             COM      172967101    $ 1,500,000         6,000         (c)


COLGATEPALMOLIVE CO                   COM      194162103    $   984,375         3,500         (c)


COSTCO                                COM      22160K106    $    12,500         1,000         (c)


DELTA AIR LINES                       COM      247361108    $    54,670         3,500         (c)


DU PONT                               COM      263534109    $   468,750         2,500         (c)


DISNEY                                COM      254687106    $   195,300         2,500         (c)


GAP                                   COM      364760108    $   468,750         3,000         (c)


PARKER-HANNIFIN                       COM      701094104    $    22,500         1,200         (c)


SMURFIT-STONE                         COM      832727101    $   742,500         5,400         (c)


WEATHERFORD INTL                      COM      947074100    $    62,500         1,000         (c)


WEATHERFORD INTL                      COM      947074100    $ 3,093,750         1,500         (c)


WEATHERFORD INTL                      COM      947074100    $   887,500         1,000         (c)


CHARLES SCHWAB                        COM      808513105    $ 2,812,500         6,000         (c)
</TABLE>


<TABLE>
<CAPTION>

                 Item 1:                             Item 6:                Item 7:                     Item 8:
                                              Investment Discretion                              Voting Authority
                                                   (b) Shared  (c) Shared                               (b) Shared
Name of Issuer                          (a) Sole   As Defined    Other     Manager      (a) Sole        As Defined      (c) None
--------------                          --------   -----------   -------   -------    ----------   ----------------    ---------
                                        <C>        <C>           <C>       <C>        <C>          <C>                  <C>



AAR CORP                                                X                      1          X


SAPIENT                                                 X                      1          X


AMERICAN INTERNATIONAL GROUP                            X                      1


CITIGROUP                                               X                      1


COLGATE-PALMOLIVE CO                                    X                      1


COSTCO                                                  X                      1


DELTA AIR LINES                                         X                      1


DU PONT                                                 X                      1


DISNEY                                                  X                      1


GAP                                                     X                      1


PARKER-HANNIFIN                                         X                      1


SMURFIT-STONE                                           X                      1


WEATHERFORD INTL                                        X                      1


WEATHERFORD INTL                                        X                      1


WEATHERFORD INTL                                        X                      1


CHARLES SCHWAB                                          X                      1
</TABLE>







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