CORDILLERA ASSET MANAGEMENT
13F-HR, 1999-08-30
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     UNITED STATES
     SECURITIES AND EXCHANGE COMMISSION
     Washington, D.C.  20549

     FORM 13F

     FORM 13F COVER PAGE

     Report for the calendar Quarter Ended: March 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:          Cordillera Asset Management
     Address:       1200 17th Street, Suite 2150
                    Denver, CO  80202

     13F File Number:  801-41021

     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:          Timothy J. Meisinger
     Title:         Director of Administration
     Phone:         303-572-6897
     Signature, Place and Date of Signing:

     Timothy J. Meisinger,  Denver, CO,  August 30, 1999

     Report Type (Check only one.):

     [X]          13F HOLDINGS REPORT.

     [ ]          13F NOTICE.

     [ ]          13F COMBINATION REPORT.

     List of Other Managers Reporting for this Manager:  NONE

     I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
     ACT OF 1934.
<PAGE>

     FORM 13F SUMMARY PAGE

     Report Summary:

     Number of Other Included Managers:          0

     Form 13F Information Table Entry Total:     54

     Form 13F Information Table Value Total:     $86,691


     List of Other Included Managers: N/A
<PAGE>

<TABLE>
<CAPTION>
                                               FORM 13F INFORMATION TABLE
                              TITLE            VALUE  SHARES/ SH/ PUT/ INVSTMT OTHR  VOTING AUTHORITY
     NAME OF ISSUER          OF CLASS  CUSIP  (X1000) PRN AMT PRN CALL DSCRETN MNGRS SOLE SHARED NONE
 .....................................................................................................
<C>                           <C>    <C>        <C>   <C>     <C> <C>    <C>   <C>  <C>    <C>   <C>
24/7 MEDIA INC                COM    901314104    29    750   SH         SOLE          750
ABOVENET COMMUNICATIONS       COM    003713101    30    750   SH         SOLE          750
ADVENT SOFTWARE               COM    007974108  2603   38850  SH         SOLE        38850
ALPHA INDUSTRIES              COM    020753109  3091   64900  SH         SOLE        64900
AMERICAN EAGLE OUTFITTERS     COM    02553E106  1979   43500  SH         SOLE        43500
APPLIED MICRO CIRCUITS        COM    03822W109  2574   31300  SH         SOLE        31300
APPLIED SCIENCE & TECHNOLOGY  COM    038236105   864   38400  SH         SOLE        38400
AUDIOCODES LTD                COM    M15342104  2055   76100  SH         SOLE        76100
BROADVISION INC               COM    111412102    29     400  SH         SOLE          400
BUCKLE                        COM    118440106    23     800  SH         SOLE          800
CIBER                         COM    17163B102    15     800  SH         SOLE          800
COMMSCOPE                     COM    203372107  2276   74000  SH         SOLE        74000
COMPUTER NETWORK TECH CORP    COM    204925101  1810   83700  SH         SOLE        83700
CYMER                         COM    232572107    25    1000  SH         SOLE         1000
DAIN RAUSCHER CORP            COM    233856103    16     300  SH         SOLE          300
DAVE & BUSTER'S INC           COM    23833N104  2563   88400  SH         SOLE        88400
DYCOM INDUSTRIES              COM    267475101  2794   49900  SH         SOLE        49900
E W BLANCH HOLDINGS INC       COM    093210102  2243   32900  SH         SOLE        32900
ELECTRONICS FOR IMAGING       COM    286082102  2024   39400  SH         SOLE        39400
ETHAN ALLEN                   COM    297602104  2395   63450  SH         SOLE        63450
EXPEDITORS INTL               COM    302130109  1782   65400  SH         SOLE        65400
FACTSET RESEARCH SYSTEMS INC  COM    303075105  2214   39100  SH         SOLE        39100
FOSSIL INC                    COM    349882100  2545   52600  SH         SOLE        52600
GENTEX CORP                   COM    371901109  1826   65200  SH         SOLE        65200
HAMBRECHT & QUIST GROUP       COM    406545103  2670   72400  SH         SOLE        72400
HARMONIC INC                  COM    413160102  2918   50800  SH         SOLE        50800
HOOPER HOLMES INC             COM    439104100  1866   91600  SH         SOLE        91600
INFOSPACE.COM INC             COM    45678T102  2914   62000  SH         SOLE        62000
INTL TELECOMM DATA SYSTEMS    COM    46047F104  1067   66700  SH         SOLE        66700
INVESTMENT TECHNOLOGY GROUP   COM    46145F105   160    5000  SH         SOLE         5000
JONES PHARMA                  COM    480236108  2544   64600  SH         SOLE        64600
K-SWISS INC                   COM    482686102  3046   65500  SH         SOLE        65500
KAUFMAN & BROAD HOME CORP     COM    486168107    25    1000  SH         SOLE         1000
LEGATO SYSTEMS INC            COM    524651106  2039   35300  SH         SOLE        35300
LINENS N THINGS               COM    535679104  2573   58800  SH         SOLE        58800
MACROMEDIA                    COM    556100105  1900   53900  SH         SOLE        53900
MACROVISION CORP              COM    555904101  2718   36300  SH         SOLE        36300
MEDQUIST INC                  COM    584949101  2739   62600  SH         SOLE        62600
MERCURY INTERACTIVE CORP      COM    589405109  1928   54500  SH         SOLE        54500
MINIMED INC                   COM    60365K108  2100   27300  SH         SOLE        27300
MMC NETWORKS INC              COM    55308N102  2238   50000  SH         SOLE        50000
NEW ERA OF NETWORKS INC       COM    644312100    18     400  SH         SOLE          400
NOVELLUS SYSTEMS INC          COM    670008101  2123   31100  SH         SOLE        31100
OPTICAL COATING LABORATORY    COM    683829105  2626   31400  SH         SOLE        31400
OSTEOTECH INC                 COM    688582105    22     750  SH         SOLE          750
PEGASUS SYSTEMS INC           COM    705906105    21     550  SH         SOLE          550
PROXIM INC                    COM    744284100  2291   39500  SH         SOLE        39500
QLOGIC CORP                   COM    747277101  1663   12600  SH         SOLE        12600
QUIKSILVER                    COM    74838C106    21     800  SH         SOLE          800
SDL INC                       COM    784076101  1879   36800  SH         SOLE        36800
SEI CORP                      COM    784117103  1800   20400  SH         SOLE        20400
TALBOTS INC                   COM    874161102  2249   59000  SH         SOLE        59000
TRANSWITCH CORP               COM    894065101  3274   69100  SH         SOLE        69100
VALASSIS COMMUNICATIONS INC   COM    918866104  2176   59400  SH         SOLE        59400
VERIO INC                     COM    923433106  3009   43300  SH         SOLE        43300
XIRCOM INC                    COM    983922105    27     900  SH         SOLE          900
ZALE CORP                     COM    988858106  2360   59000  SH         SOLE        59000
CASH                          CASH   CASH       6438                     SOLE

</TABLE>


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