CORDILLERA ASSET MANAGEMENT
13F-HR, 2000-01-12
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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: September 30, 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,  January 10, 2000

     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:     63

     Form 13F Information Table Value Total:     $95,084


     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    28     750  SH         SOLE          750
ADVENT SOFTWARE               COM    007974108  2173   34900  SH         SOLE        34900
ALPHA INDUSTRIES              COM    020753109  2482   44000  SH         SOLE        44000
ANADIGICS INC                 COM    032515108  2468   87750  SH         SOLE        87750
APEX INC                      COM    037548104  1600   85600  SH         SOLE        85600
APPLIED MICRO CIRCUITS        COM    03822W109  2366   41500  SH         SOLE        41500
ARTHROCARE CORP               COM    043136100  1857   34000  SH         SOLE        34000
AUDIOCODES LTD                COM    M15342104  1870   49700  SH         SOLE        49700
BROADVISION INC               COM    111412102     3     100  SH         SOLE          100
BUCKLE                        COM    118440106    14     800  SH         SOLE          800
CAL DIVE INTERNATIONAL INC    COM    127914109  1339   39100  SH         SOLE        39100
CEC ENTERTAINMENT INC         COM    125137109   495   13800  SH         SOLE        13800
CHURCH & DWIGHT CO            COM    171340102  2095   83800  SH         SOLE        83800
CIBER                         COM    17163B102    12     800  SH         SOLE          800
CLARENT CORP                  COM    180461105    25     500  SH         SOLE          500
COMMSCOPE                     COM    203372107  2464   75800  SH         SOLE        75800
CYMER                         COM    232572107  1812   52200  SH         SOLE        52200
DAIN RAUSCHER CORP            COM    233856103  2185   44600  SH         SOLE        44600
DIEDRICH COFFEE INC           COM    253675102  1542  362800  SH         SOLE       362800
DITECH COMMUNICATIONS CORP    COM    25500M103   746   14200  SH         SOLE        14200
EMULEX CORP                   COM    292475209  1932   22500  SH         SOLE        22500
ETHAN ALLEN                   COM    297602104    24     750  SH         SOLE          750
EXPEDITORS INTL               COM    302130109  1682   52400  SH         SOLE        52400
FOSSIL INC                    COM    349882100  1927   71200  SH         SOLE        71200
FRONTIER AIRLINES INC         COM    359065109  1340  141000  SH         SOLE       141000
HAMBRECHT & QUIST GROUP       COM    406545103  2818   57800  SH         SOLE        57800
HANOVER COMPRESSOR CO         COM    410768105  1654   52000  SH         SOLE        52000
HARMONIC INC                  COM    413160102  1962   15000  SH         SOLE        15000
HI/FN INC                     COM    428358105  1852   16800  SH         SOLE        16800
HOOPER HOLMES INC             COM    439104100  2522   98400  SH         SOLE        98400
INFOSPACE.COM INC             COM    45678T102     8     200  SH         SOLE          200
INVITROGEN CORP               COM    46185R100  1365   40600  SH         SOLE        40600
JAKKS PACIFIC INC             COM    47012E106  1294   34500  SH         SOLE        34500
JONES PHARMA                  COM    480236108  2888   87600  SH         SOLE        87600
K-SWISS INC                   COM    482686102  2093   66300  SH         SOLE        66300
KANA COMMUNICATIONS INC       COM    483600102    10     200  SH         SOLE          200
KEYNOTE SYSTEMS INC           COM    493308100   803   32100  SH         SOLE        32100
LEGATO SYSTEMS INC            COM    524651106  1824   41850  SH         SOLE        41850
MACROMEDIA                    COM    556100105    10     250  SH         SOLE          250
MACROVISION CORP              COM    555904101  2422   54600  SH         SOLE        54600
MEDQUIST INC                  COM    584949101  1822   54500  SH         SOLE        54500
MERCURY INTERACTIVE CORP      COM    589405109  2118   32800  SH         SOLE        32800
MICREL INC                    COM    594793101  1856   42800  SH         SOLE        42800
MICROSTRATEGY                 COM    594972101  2803   50000  SH         SOLE        50000
OCEANEERING INTL INC          COM    675232102  1064   63300  SH         SOLE        63300
OPTICAL COATING LABORATORY    COM    683829105  2743   29800  SH         SOLE        29800
OSTEOTECH INC                 COM    688582105    10     750  SH         SOLE          750
PATTERSON DENTAL              COM    703412106   947   19100  SH         SOLE        19100
PEGASUS SYSTEMS INC           COM    705906105    21     550  SH         SOLE          550
PROXIM INC                    COM    744284100  2102   45700  SH         SOLE        45700
QUIKSILVER                    COM    74838C106    15     800  SH         SOLE          800
SANDISK CORP                  COM    80004C101  1675   25700  SH         SOLE        25700
SAWTEK INC                    COM    805468105  2608   74500  SH         SOLE        74500
SDL INC                       COM    784076101  2114   27700  SH         SOLE        27700
TALBOTS INC                   COM    874161102  2724   60950  SH         SOLE        60950
TOWER AUTOMOTIVE INC          COM    891707101  1637   82600  SH         SOLE        82600
TRANSWITCH CORP               COM    894065101    14     250  SH         SOLE          250
USFREIGHTWAYS CORPORATION     COM    916906100  2464   52000  SH         SOLE        52000
VALASSIS COMMUNICATIONS INC   COM    918866104  1913   43550  SH         SOLE        43550
WILD OATS                     COM    96808B107  2024   51250  SH         SOLE        51250
XIRCOM INC                    COM    983922105    13     300  SH         SOLE          300
ZALE CORP                     COM    988858106  2406   62800  SH         SOLE        62800
ZOMAX OPTICAL MEDIA INC       COM    989929104  1987   76800  SH         SOLE        76800
CASH                          CASH   CASH       1839                     SOLE

</TABLE>


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