13F-HR 1 NONE Kim Marcus 319-861-2200 kmarcus@vmfcapital.com 0001072314 *o5axuxz 03/31/01 13F-HR FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March, 31 2001 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: VMF Capital, L.L.C. Address: 118 Third Avenue SE Suite 700 Cedar Rapids, IA 52401 13F File Number: 801-55404 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: Kim Marcus Title: Accounting/Compliance Phone: 319-861-2200 Signature, Place and Date of Signing: Kim Marcus Cedar Rapids, Iowa May 3, 2001 Report Type (Check only one.): [ x ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE AS OF DATE: 03/31/01 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 163 FORM 13F INFORMATION TABLE VALUE TOTAL: $419,118,000 FORM 13F INFORMATION TABLE AS OF DATE: 03/31/01

VALUE SHARES/ SH/ PUT INVSTMT OTH VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP x$1000 PRN AMT PRN CAL DSCRETN MAN SOLE SHARED NONE ------------------------------ ------- ---------- ------ ------ --- --- ---- --- ---- ------ ---- ABBOTT LABS .................. COM 002824100 ~~6455~~5878 ~~133265~~124550 SH 0 SOLE 0 ~~133265~~124550 0 0 ACE LIMITED INCOME PRIDES .... COM 004408209 ~~430~~380 5000 SH 0 SOLE 0 5000 0 0 ~~ADVO~~ADVANCED MICRO DEVICES INC ...~~..................~~ COM ~~007585102~~007903107 ~~501~~1354 ~~11300~~51015 SH 0 SOLE 0 ~~11300~~51015 0 0 ~~AEGON~~ADVO NINC V .................... ~~COM 007924103 491 11846 SH 0 SOLE 0 11846 0 0 AFFILIATED MANAGERS GROUP~~ .~~...~~ COM ~~008252108~~007585102 ~~566~~418 ~~10310~~11340 SH 0 SOLE 0 ~~10310~~11340 0 0 AGILENT TECHNOLOGIES INC ..... COM 00846U101 ~~3795~~2495 ~~69317~~81177 SH 0 SOLE 0 ~~69317~~81177 0 0 ALBERTSONS INC ............... COM 013104104 ~~4161~~5109 ~~157025~~160570 SH 0 SOLE 0 ~~157025~~160570 0 0 ALCOA INC .................... COM 013817101 ~~8005~~8009 ~~238970~~222792 SH 0 SOLE 0 ~~238970~~222792 0 0 ALLIANT TECHSYSTEMS INC ...... COM 018804104 ~~336~~410 ~~5035~~4635 SH 0 SOLE 0 ~~5035~~4635 0 0 ~~AMERICA~~ALLMERICA ~~ONLINE~~FINANCIAL ~~INC~~CORP .....~~......~~ COM ~~02364J104~~019754100 ~~2557~~706 ~~73490~~13615 SH 0 SOLE 0 ~~73490~~13615 0 0 AMERICAN EXPRESS CO .......... COM 025816109 ~~3583~~2771 ~~65226~~67086 SH 0 SOLE 0 ~~65226~~67086 0 0 AMERICAN HOME PRODUCTS CORP .. COM 026609107 ~~339~~313 5330 SH 0 SOLE 0 5330 0 0 AMERICAN INTL GROUP INC ...... COM 026874107 ~~10573~~12340 ~~107273~~153294 SH 0 SOLE 0 ~~107273~~153294 0 0 ~~AMPHENOL~~ANHEUSER ~~CORPORATION~~BUSCH CO ............ COM ~~032095101~~035229103 ~~330~~6018 ~~8410~~131030 SH 0 SOLE 0 ~~8410~~131030 0 0 ~~ANHEUSER~~AOL ~~BUSCH~~TIME COWARNER .............. COM ~~035229103~~00184A105 ~~7466~~3041 ~~164090~~75735 SH 0 SOLE 0 ~~164090~~75735 0 0 ~~APOLLO~~APACHE ~~GROUP~~CORP ~~INC CL A~~ .................. COM ~~037604105~~037411105 ~~1795~~6405 ~~36500~~111180 SH 0 SOLE 0 ~~36500~~111180 0 0 ~~APPLIED~~APOLLO ~~MATERIALS~~GROUP INC CL A ........ COM ~~038222105~~037604105 ~~5830~~1787 ~~152655~~54473 SH 0 SOLE 0 ~~152655~~54473 0 0 ~~AREMISSOFT~~APPLIED ~~CORP~~MATERIALS INC ........~~......~~ COM ~~040026106~~038222105 ~~615~~8404 ~~28800~~193189 SH 0 SOLE 0 ~~28800~~193189 0 0 ~~ARQULE~~AREMISSOFT ~~INC~~CORP ..............~~.....~~ COM ~~04269E107~~040026106 ~~421~~366 ~~13150~~28125 SH 0 SOLE 0 ~~13150~~28125 0 0 ~~ATHENA NEUROSCI 4.750% 11/15/0 CONV BD 046854AB1 5080 3800000 PRN 0 SOLE 0 3800000 0 0~~ ATMEL CORP ................... COM 049513104 ~~724~~2232 ~~62245~~227485 SH 0 SOLE 0 ~~62245~~227485 0 0 ATMOS ENERGY CORP ............ COM 049560105 ~~1219~~362 ~~50000~~15200 SH 0 SOLE 0 ~~50000~~15200 0 0 BANKNORTH GROUP INC .......... COM 06646R107 ~~1613~~1920 ~~80895~~96620 SH 0 SOLE 0 ~~80895~~96620 0 0 BARRA INC .................... COM 068313105 ~~602~~416 ~~12772~~7705 SH 0 SOLE 0 ~~12772~~7705 0 0 BB&T CORP .................... COM 054937107 ~~4617~~3638 ~~123745~~103440 SH 0 SOLE 0 ~~123745~~103440 0 0 ~~BJS~~BJ ~~WHSL~~SERVICES ~~CLUB~~CO ~~INC~~ ............... COM ~~05548J106~~055482103 ~~806~~2927 ~~21000~~41110 SH 0 SOLE 0 ~~21000~~41110 0 0 BPBLACKROCK ~~AMOCO~~INC ~~PLC~~ ................ COM ~~055622104~~09247X101 ~~4175~~385 ~~87199~~10700 SH 0 SOLE 0 ~~87199~~10700 0 0 ~~CARNIVAL~~BORG ~~CORP~~WARNER AUTOMOTIVE INC ... COM 099724106 1481 36950 SH 0 SOLE 0 36950 0 0 BP AMOCO PLC ................. COM ~~143658102~~055622104 ~~234~~4161 ~~7605~~83849 SH 0 SOLE 0 ~~7605~~83849 0 0 ~~CENDANT~~CAPITOL ~~CORP~~FED RTFINL ~~PUR~~............. ~~PRIDES~~COM 014057C106 ~~WARR/RGTS~~515 ~~151313111~~32325 ~~230 39600~~ SH 0 SOLE 0 ~~39600~~32325 0 0 ~~CENTEX~~CARNIVAL CORP ................ COM ~~152312104~~143658102 ~~1503~~5296 ~~40020~~191395 SH 0 SOLE 0 ~~40020~~191395 0 0 CHRISTOPHER & BANKS CORP ..... COM 171046105 ~~339~~328 ~~12025~~10877 SH 0 SOLE 0 ~~12025~~10877 0 0 CISCO SYSTEMS INC ............ COM 17275R102 ~~4656~~1790 ~~121735~~113230 SH 0 SOLE 0 ~~121735~~113230 0 0 CITIGROUP INC ................ COM 172967101 ~~16470~~7449 ~~322551~~165607 SH 0 SOLE 0 ~~322551~~165607 0 0 ~~CITY~~CONAGRA ~~NATIONAL~~INC ~~CORP~~ .................. COM ~~178566105~~205887102 ~~466~~4954 ~~12010~~271578 SH 0 SOLE 0 ~~12010~~271578 0 0 ~~CONCORD~~CONSTELLATION ~~CAMERA~~BRANDS ~~CORP~~ ......... COM ~~206156101~~21036P108 ~~263~~630 ~~15925~~8785 SH 0 SOLE 0 ~~15925~~8785 0 0 ~~CONSTELLATION~~COORS ~~BRANDS~~ADOLPH CO CL B ......... COM ~~21036P108~~217016104 ~~514~~534 ~~8750~~8160 SH 0 SOLE 0 ~~8750~~8160 0 0 CUMMINS ENGINE INC ........... COM 231021106 ~~1763~~1750 ~~46460~~46605 SH 0 SOLE 0 ~~46460~~46605 0 0 C&D TECHNOLOGIES INC ......... COM 124661109 ~~377~~324 ~~8735~~11735 SH 0 SOLE 0 ~~8735~~11735 0 0 DAVITA INC ................... COM 23918K108 ~~3522~~2698 ~~205690~~158905 SH 0 SOLE 0 ~~205690~~158905 0 0 ~~DIAMONDS~~DIME TRBANCORP ~~UNIT~~INC ~~SER 1~~ ............. COM ~~252787106~~25429Q102 ~~1811~~3939 ~~16960~~120290 SH 0 SOLE 0 ~~16960~~120290 0 0 DUDIMON ~~PONT~~INC E.................... ~~I DE NEMOURS & CO~~ COM ~~263534109~~254394109 ~~2669~~402 ~~55242~~52200 SH 0 SOLE 0 ~~55242~~52200 0 0 EDOWNEY MFINL C CORP ~~MASS~~ ............. COM ~~268648102~~261018105 ~~5289~~512 ~~79535~~11300 SH 0 SOLE 0 ~~79535~~11300 0 0 ELDU ~~PASO~~PONT ~~ELECTRIC~~E I DE NEMOURS & CO ..~~......~~ COM ~~283677854~~263534109 ~~488~~2989 ~~36960~~73452 SH 0 SOLE 0 ~~36960~~73452 0 0 ~~ELAN~~DYNALECTRON ~~PLC~~CORP ~~ADR~~ ............... COM ~~284131208~~0 ~~530~~0 ~~11325~~860 20000 SH 0 SOLE 0 ~~11325~~20000 0 0 ~~EMERSON~~E ~~ELECTRIC~~M COC CORP MASS .............. COM ~~291011104~~268648102 ~~4687~~2012 ~~59475~~68430 SH 0 SOLE 0 ~~59475~~68430 0 0 ~~EOG~~EMERSON ~~RESOURCES~~ELECTRIC ~~INC~~CO .......... COM ~~26875P101~~291011104 ~~4992~~3749 ~~91390~~60470 SH 0 SOLE 0 ~~91390~~60470 0 0 ~~EQUITABLE~~EOG RESOURCES INC ............ COM ~~294549100~~26875P101 ~~541~~3820 ~~8100~~92660 SH 0 SOLE 0 ~~8100~~92660 0 0 EXTREME NETWORKS INC ......... COM 30226D106 ~~2165~~940 ~~55330~~61785 SH 0 SOLE 0 ~~55330~~61785 0 0 EXXON CORPORATION ............ COM 30231G102 ~~12114~~11137 ~~139340~~137493 SH 0 SOLE 0 ~~139340~~137493 0 0 FEDERAL NAT'L MORTGAGE ASSN .. COM 313586109 ~~14324~~12733 ~~165120~~159958 SH 0 SOLE 0 ~~165120~~159958 0 0 ~~FIRSTAR~~FIRST ~~CORP~~SENTINEL BANCORP INC ...~~............~~ COM ~~33763V109~~33640T103 ~~6980~~491 ~~300199~~44170 SH 0 SOLE 0 ~~300199~~44170 0 0 FORTUNE BRANDS INC ........... COM 349631101 ~~1123~~1538 ~~37430~~44710 SH 0 SOLE 0 ~~37430~~44710 0 0 FURNITURE BRANDS INTL INC .... COM 360921100 ~~3477~~3257 ~~165100~~137445 SH 0 SOLE 0 ~~165100~~137445 0 0 GENERAL ELECTRIC CO .......... COM 369604103 ~~16104~~9060 ~~335944~~216444 SH 0 SOLE 0 ~~335944~~216444 0 0 ~~GENTEK~~GENERAL ~~INC~~MOTORS CORP ..........~~.......~~ COM ~~37245X104~~370442105 ~~331~~3657 ~~20040~~70535 SH 0 SOLE 0 ~~20040~~70535 0 0 GILLETTE CO .................. COM 375766102 ~~2995~~2737 ~~82900~~87800 SH 0 SOLE 0 ~~82900~~87800 0 0 GREAT BEAR TECHNOLOGY INC .... COM 390158103 35 3463800 SH 0 SOLE 0 3463800 0 0 ~~HANCOCK~~GTECH ~~JOHN~~HLDGS ~~FINL~~CORP ~~SVCS INC~~ ............. COM ~~41014S106~~400518106 ~~2803~~1605 ~~74505~~58885 SH 0 SOLE 0 ~~74505~~58885 0 0 ~~HEARTLAND~~HANCOCK ~~EXPRESS~~JOHN FINL SVCS INC ...~~...~~ COM ~~422347104~~41014S106 ~~2255~~1555 ~~98850~~40440 SH 0 SOLE 0 ~~98850~~40440 0 0 HERCULES INC ................. COM 427056106 ~~3231~~2204 ~~169475~~169635 SH 0 SOLE 0 ~~169475~~169635 0 0 HEWLETT PACKARD CO ........... COM 428236103 ~~6566~~2902 ~~208040~~92815 SH 0 SOLE 0 ~~208040~~92815 0 0 HOME DEPOT INC ............... COM 437076102 ~~5696~~4818 ~~124663~~111783 SH 0 SOLE 0 ~~124663~~111783 0 0 HOUSEHOLD INTL CORP .......... COM 441815107 ~~6305~~6657 ~~114645~~112377 SH 0 SOLE 0 ~~114645~~112377 0 0 IILLUMINET BHLDGS MINC ..........~~............~~ COM ~~459200101~~452334105 ~~7331~~305 ~~86250~~14852 SH 0 SOLE 0 ~~86250~~14852 0 0 ~~ILLUMINET~~IMCLONE ~~HLDGS~~SYSTEMS ~~INC~~5.500% 03/01/0 CONV BD 45245WAD1 854 1000000 PRN 0 SOLE 0 1000000 0 0 INTEL CORP ................... COM ~~452334105~~458140100 ~~364~~3074 ~~15852~~116815 SH 0 SOLE 0 ~~15852~~116815 0 0 ~~INTEL~~INTERWOVEN ~~CORP~~INC ................. COM ~~458140100~~46114T102 ~~2965~~1095 ~~98635~~108795 SH 0 SOLE 0 ~~98635~~108795 0 0 INVERNESS MED TECHNOLOGY ..... COM 461268104 ~~440~~478 ~~11300~~18365 SH 0 SOLE 0 ~~11300~~18365 0 0 IVAX CORP .................... COM 465823102 ~~4070~~2173 ~~106269~~68984 SH 0 SOLE 0 ~~106269~~68984 0 0 J.P. MORGAN CHASE & CO ....... COM 46625H100 6963 155086 SH 0 SOLE 0 155086 0 0 JACK IN THE BOX INC .......... COM 466367109 612 20445 SH 0 SOLE 0 20445 0 0 JOHNSON & JOHNSON ............ COM 478160104 ~~3930~~3304 ~~37405~~37770 SH 0 SOLE 0 ~~37405~~37770 0 0 JONES APPAREL GROUP INC ...... COM 480074103 1627 43050 SH 0 SOLE 0 43050 0 0 KEMET CORP ................... COM 488360108 ~~178~~200 11800 SH 0 SOLE 0 11800 0 0 KENNETH COLE PRODUCTIONS INC . COM 193294105 ~~554~~419 ~~13762~~16802 SH 0 SOLE 0 ~~13762~~16802 0 0 KEYSPAN CORP ................. COM 49337W100 ~~5288~~2895 ~~124790~~75935 SH 0 SOLE 0 ~~124790~~75935 0 0 KING PHARMACEUTICALS INC ..... COM 495582108 ~~445~~516 ~~8618~~12653 SH 0 SOLE 0 ~~8618~~12653 0 0 KNIGHT TRADING GROUP INC ..... COM 499063105 ~~730~~788 ~~52395~~53905 SH 0 SOLE 0 ~~52395~~53905 0 0 KROGER CO .................... COM 501044101 ~~9219~~7098 ~~340645~~275236 SH 0 SOLE 0 ~~340645~~275236 0 0 ~~LEARNING~~LEAR ~~TREE~~CORP ~~INTL INC~~ .................... COM ~~522015106~~521865105 ~~407~~1440 ~~8220~~49145 SH 0 SOLE 0 ~~8220~~49145 0 0 ~~LONE~~L-3 ~~STAR~~COMMUNICATIONS ~~TECHNOLOGIES~~5.250% ~~INC~~06/0 ~~...~~CONV ~~COM~~BD ~~542312103~~502424AA2 ~~340~~1169 ~~8840~~1000000 SHPRN 0 SOLE 0 ~~8840~~1000000 0 0 L-3 COMMUNICATIONS 5HLDGS .~~250%~~.... ~~06/0~~COM ~~CONV~~502424104 BD316 ~~502424AA2~~4000 ~~2598~~SH ~~2340000 PRN~~ 0 SOLE 0 ~~2340000~~4000 0 0 ~~MANOR~~MANHATTAN ~~CARE~~ASSOCS INC .........~~......~~ COM ~~564055101~~562750109 ~~3268~~156 ~~158465~~10000 SH 0 SOLE 0 ~~158465~~10000 0 0 ~~MARTIN~~MANOR ~~MARIETTA~~CARE ~~MATERIALS~~ INC ............... COM ~~573284106~~564055101 ~~4787~~3433 ~~113158~~168275 SH 0 SOLE 0 ~~113158~~168275 0 0 ~~MAXIM~~MARTIN ~~INTEGRATED~~MARIETTA ~~PRODS~~MATERIALS INC ~~...~~ COM ~~57772K101~~573284106 ~~4270~~2975 ~~89300~~69673 SH 0 SOLE 0 ~~89300~~69673 0 0 MCLEOD INC ................... COM 582266102 ~~2065~~950 ~~146200~~109300 SH 0 SOLE 0 ~~146200~~109300 0 0 MEDTRONIC INC ................ COM 585055106 ~~6119~~3825 ~~101346~~83623 SH 0 SOLE 0 ~~101346~~83623 0 0 MERCK & CO INC ............... COM 589331107 ~~16218~~12947 ~~173225~~170576 SH 0 SOLE 0 ~~173225~~170576 0 0 MERRILL LYNCH & CO INC ....... COM 590188108 ~~6784~~3269 ~~99495~~59015 SH 0 SOLE 0 ~~99495~~59015 0 0 METTLER-TOLEDO INC ........... COM 592688105 ~~6699~~3594 ~~123200~~87320 SH 0 SOLE 0 ~~123200~~87320 0 0 MICROSOFT CORP ............... COM 594918104 ~~2080~~3106 ~~47950~~56790 SH 0 SOLE 0 ~~47950~~56790 0 0 MIDCAP SPDR TR UNIT SER 1 .... COM 595635103 ~~1819~~372 ~~19269~~4413 SH 0 SOLE 0 ~~19269~~4413 0 0 ~~MILLENNIUM~~M-SYSTEMS ~~PHARMACEUTICALS~~FLASH ~~INC~~DISK PIONEER L COM ~~599902103~~M7061C100 ~~1615~~118 ~~26100~~16660 SH 0 SOLE 0 ~~26100~~16660 0 0 ~~MORGAN~~NABORS JINDUSTRIES ~~P & CO~~ INC .......... COM ~~616880100~~629568106 ~~5690~~2424 ~~34380~~46760 SH 0 SOLE 0 ~~34380~~46760 0 0 ~~MOTOROLA~~NL INDUSTRIES INC ............~~.....~~ COM ~~620076109~~629156407 ~~212~~423 ~~10475~~25190 SH 0 SOLE 0 ~~10475~~25190 0 0 ~~M-SYSTEMS~~NOKIA ~~FLASH~~ADR ~~DISK~~.................... ~~PIONEER L~~ COM ~~M7061C100~~654902204 ~~196~~6987 ~~14040~~291133 SH 0 SOLE 0 ~~14040~~291133 0 0 ~~NABORS~~NORTEL ~~INDUSTRIES~~NETWORKS ~~INC~~CORP NEW .....~~...~~ COM ~~629568106~~656568102 ~~3882~~1505 ~~65625~~107120 SH 0 SOLE 0 ~~65625~~107120 0 0 ~~NEWPORT~~NORTHWEST AIRLINES CORP ......~~...........~~ COM ~~651824104~~667280101 ~~222~~1075 ~~2820~~47525 SH 0 SOLE 0 ~~2820~~47525 0 0 NLOCEAN ~~INDUSTRIES~~ENERGY INC ............. COM ~~629156407~~67481E106 ~~560~~453 ~~23100~~27355 SH 0 SOLE 0 ~~23100~~27355 0 0 ~~NOBLE~~OIL ~~DRILLING~~SVC ~~CORP~~HLDRS DEP RCPT .......~~...~~ COM ~~655042109~~678002106 ~~3790~~807 ~~87255~~10000 SH 0 SOLE 0 ~~87255~~10000 0 0 ~~NOKIA~~ORACLE ~~ADR~~CORP .................... COM ~~654902204~~68389X105 ~~7269~~2143 ~~167094~~143040 SH 0 SOLE 0 ~~167094~~143040 0 0 ~~NORTEL~~OXFORD ~~NETWORKS~~HEALTH ~~CORP~~PLANS ~~NEW~~INC ...... COM ~~656568102~~691471106 ~~2036~~2629 ~~63495~~98275 SH 0 SOLE 0 ~~63495~~98275 0 0 ~~OCEAN~~PACKARD ~~ENERGY~~BIOSCIENCE INC .......~~......~~ COCOM ~~67481E106~~695172205 ~~526~~2348 ~~30275~~316395 SH 0 SOLE 0 ~~30275~~316395 0 0 ~~ORACLE~~PARKER ~~CORP~~DRILLING CO ...........~~.......~~ CMCOM ~~68389X105~~701081101 ~~2593~~320 ~~89230~~50000 SH 0 SOLE 0 ~~89230~~50000 0 0 ~~OUTBACK~~PERFORMANCE ~~STEAKHOUSE~~FOOD ~~INC~~GROUP CO ....~~...~~ CMCOM ~~689899102~~713755106 ~~4048~~1971 ~~156430~~37545 SH 0 SOLE 0 ~~156430~~37545 0 0 ~~OXFORD~~PFIZER ~~HEALTH PLANS~~ INC ................... COM ~~691471106~~717081103 ~~1704~~6087 ~~43150~~148655 SH 0 SOLE 0 ~~43150~~148655 0 0 ~~PACKARD~~PHILLIPS ~~BIOSCIENCE~~PETROLEUM ~~INC~~CO ........ COM ~~695172205~~718507106 ~~3519~~590 ~~302675~~10719 SH 0 SOLE 0 ~~302675~~10719 0 0 ~~PERFORMANCE~~PLANAR ~~FOOD~~SYS ~~GROUP~~INC CO ............... COM ~~713755106~~726900103 ~~2407~~221 ~~46945~~17340 SH 0 SOLE 0 ~~46945~~17340 0 0 ~~PFIZER~~PMI GROUP INC ................~~...~~ COM ~~717081103~~69344M101 ~~7600~~2760 ~~165220~~42480 SH 0 SOLE 0 ~~165220~~42480 0 0 ~~PHARMACOPEIA~~PRIME ~~INC~~HOSPITALITY CORP .......~~......~~ COM ~~71713B104~~741917108 ~~207~~443 ~~9470~~41025 SH 0 SOLE 0 ~~9470~~41025 0 0 ~~PHILLIPS~~PROCTER ~~PETROLEUM~~& GAMBLE CO .......... COM ~~718507106~~742718109 ~~711~~2751 ~~12500~~43941 SH 0 SOLE 0 ~~12500~~43941 0 0 ~~PMI~~PUBLIC ~~GROUP~~SVC ~~INC~~CO N MEX ..........~~......~~ COM ~~69344M101~~744499104 ~~5199~~339 ~~76810~~11675 SH 0 SOLE 0 ~~76810~~11675 0 0 ~~PROCTER~~PUGET &ENERGY ~~GAMBLE~~INC CONEW .......... COM ~~742718109~~745310102 ~~3299~~585 ~~42056~~25570 SH 0 SOLE 0 ~~42056~~25570 0 0 ~~PROVINCE~~QUALCOMM ~~HEALTHCARE~~INC ~~144A 4~~.~~500~~................ ~~CONV~~COM BD747525103 ~~743977AA8~~3386 ~~566~~59790 ~~500000~~SH ~~PRN~~ 0 SOLE 0 ~~500000~~59790 0 0 ~~QUALCOMM~~QUESTAR ~~INC~~CORP ................. COM ~~747525103~~748356102 ~~756~~491 ~~9200~~17910 SH 0 SOLE 0 ~~9200~~17910 0 0 RADIAN GROUP INC ............. COM 750236101 ~~531~~482 ~~7080~~7115 SH 0 SOLE 0 ~~7080~~7115 0 0 ~~RAINBOW~~RARE ~~TECHNOLOGIES~~HOSPITALITY INTL INC ..... COM ~~750862104~~753820109 ~~413~~440 ~~26100~~17695 SH 0 SOLE 0 ~~26100~~17695 0 0 ~~RARE~~REINSURANCE ~~HOSPITALITY~~GROUP ~~INTL~~AMER INC .... COM ~~753820109~~759351109 ~~328~~562 ~~14695~~14590 SH 0 SOLE 0 ~~14695~~14590 0 0 RENAISSANCERE HLDGS LTD ...... COM G7496G103 ~~326~~510 ~~4160~~7290 SH 0 SOLE 0 ~~4160~~7290 0 0 REYNOLDS R J TOB HLDGS INC ... COM 76182K105 1116 19900 SH 0 SOLE 0 19900 0 0 RH DONNELLEY CORP ~~COM~~ ............ COM 74955W307 ~~312~~445 ~~12850~~15350 SH 0 SOLE 0 ~~12850~~15350 0 0 RIGHTCHOICE MANAGED CARE INC . COM 76657T102 ~~512~~346 ~~14700~~10190 SH 0 SOLE 0 ~~14700~~10190 0 0 ROSS STORES INC .............. COM 778296103 ~~1616~~1801 ~~95790~~96070 SH 0 SOLE 0 ~~95790~~96070 0 0 ROYAL CARIBBEAN CRUISES LTD .. COM V7780T103 ~~5346~~2498 ~~202105~~108390 SH 0 SOLE 0 ~~202105~~108390 0 0 ~~ROYAL DUTCH PETRO - NY SHARES COM 780257804 3929 64870 SH 0 SOLE 0 64870 0 0~~ RYANAIR HOLDINGS PLC ADR ..... COM 783513104 ~~686~~393 ~~12310~~8835 SH 0 SOLE 0 ~~12310~~8835 0 0 S & P DEPOSITORY RECEIPTS .... COM 78462F103 ~~9429~~2041 ~~71872~~17489 SH 0 SOLE 0 ~~71872~~17489 0 0 SANMINA CORP ................. COM 800907107 ~~3213~~259 ~~83870~~13258 SH 0 SOLE 0 ~~83870~~13258 0 0 SCHLUMBERGER LTD ............. COM 806857108 ~~6542~~3578 ~~81843~~62113 SH 0 SOLE 0 ~~81843~~62113 0 0 SCHOLASTIC CORP .............. COM 807066105 ~~610~~369 ~~6885~~10220 SH 0 SOLE 0 ~~6885~~10220 0 0 SCP POOL CORP ................ COM 784028102 ~~551~~343 ~~18315~~10550 SH 0 SOLE 0 ~~18315~~10550 0 0 ~~SECURE~~SMITHFIELD ~~COMPUTING~~FOODS ~~CORP~~INC ........ ~~COM 813705100 213 21580 SH 0 SOLE 0 21580 0 0 SERVICE CORP~~ .~~................~~ COM ~~817565104~~832248108 22346 ~~12636~~10635 SH 0 SOLE 0 ~~12636~~10635 0 0 ~~SILICON VALLEY BANCSHARES .... COM 827064106 348 10060 SH 0 SOLE 0 10060 0 0~~ SOUTHWEST AIRLINES CO ........ COM 844741108 ~~6722~~2468 ~~200474~~139018 SH 0 SOLE 0 ~~200474~~139018 0 0 SOUTHWEST SEC KNIGHT/TRIMARK D CONV PFD 845224203 ~~1601~~779 ~~28250~~13750 SH 0 SOLE 0 ~~28250~~13750 0 0 SPRINT CORP .................. COM 852061100 ~~946~~1015 ~~46565~~46155 SH 0 SOLE 0 ~~46565~~46155 0 0 ST JOE CO .................... COM 790148100 ~~441~~548 ~~20040~~24040 SH 0 SOLE 0 ~~20040~~24040 0 0 ~~STANDARD~~STANCORP ~~PAC~~FINL ~~CORP~~GROUP INC ......~~......~~ COM ~~85375C101~~852891100 ~~504~~599 ~~21575~~14220 SH 0 SOLE 0 ~~21575~~14220 0 0 STATE STREET CORP ............ COM 857477103 ~~355~~4687 ~~2860~~50180 SH 0 SOLE 0 ~~2860~~50180 0 0 SUN MICROSYSTEMS INC ......... COM 866810104 ~~12989~~6305 ~~465981~~410229 SH 0 SOLE 0 ~~465981~~410229 0 0 SUNGARD DATA SYSTEMS INC ..... COM 867363103 ~~8365~~5770 ~~177510~~117200 SH 0 SOLE 0 ~~177510~~117200 0 0 TARGET CORP .................. COM 87612E106 ~~4888~~4996 ~~151567~~138462 SH 0 SOLE 0 ~~151567~~138462 0 0 TEEKAY SHIPPING CORP ......... COM Y8564W103 ~~398~~523 ~~10485~~12285 SH 0 SOLE 0 ~~10485~~12285 0 0 TENET HEALTHCARE CORP ........ COM 88033G100 ~~3821~~3783 ~~85975~~85970 SH 0 SOLE 0 ~~85975~~85970 0 0 TENNESSEE VALLEY AUTH PARRS 6 PFD STK 880591409 ~~369~~396 16000 SH 0 SOLE 0 16000 0 0 TENNESSEE VALLEY AUTH PFD 1/4D PFD STK 880591300 ~~304~~328 13008 SH 0 SOLE 0 13008 0 0 TEXAS INSTRUMENTS INC ........ COM 882508104 ~~4673~~2838 ~~98636~~91605 SH 0 SOLE 0 ~~98636~~91605 0 0 TOMMY HILFIGER CORP .......... COM G8915Z102 208 16150 SH 0 SOLE 0 16150 0 0 TRIARC COS INC ............... COM 895927101 246 10000 SH 0 SOLE 0 10000 0 0 TRICON GLOBAL RESTAURANTS .... COM 895953107 619 16220 SH 0 SOLE 0 16220 0 0 TYCO INTL LTD ................ COM 902124106 ~~13834~~10610 ~~249265~~245437 SH 0 SOLE 0 ~~249265~~245437 0 0 ~~VALERO~~U ~~ENERGY~~S BANCORP .................. COM 902973304 7048 303799 SH 0 SOLE 0 303799 0 0 UNIVERSAL CORP VA ............ COM ~~91913Y100~~913456109 ~~413~~604 ~~11100~~15320 SH 0 SOLE 0 ~~11100~~15320 0 0 ~~VARIAN~~UNIVERSAL HEALTH SVCS INC CL B COM 913903100 317 3595 SH 0 SOLE 0 3595 0 0 UTI ENERGY CORP .............. COM 903387108 1643 54300 SH 0 SOLE 0 54300 0 0 VALERO ENERGY CORP ........... COM ~~922206107~~91913Y100 ~~296~~545 ~~8735~~15360 SH 0 SOLE 0 ~~8735~~15360 0 0 ~~VERITAS~~VARIAN ~~SOFTWARE~~INC CO ................... COM ~~923436109~~922206107 ~~793~~364 ~~9061~~14235 SH 0 SOLE 0 ~~9061~~14235 0 0 VERIZON COMMUNICATIONS ....... COM 92343V104 ~~6840~~9077 ~~136453~~184119 SH 0 SOLE 0 ~~136453~~184119 0 0 VINTAGE PETROLEUM INC ........ COM 927460105 ~~310~~395 ~~14400~~19400 SH 0 SOLE 0 ~~14400~~19400 0 0 WAL MART STORES INC .......... COM 931142103 ~~11537~~9862 ~~217165~~195296 SH 0 SOLE 0 ~~217165~~195296 0 0 WASHINGTON MUTUAL INC ........ COM 939322103 ~~9409~~6085 ~~177328~~111143 SH 0 SOLE 0 ~~177328~~111143 0 0 WELLS FARGO .................. COM 949746101 ~~10755~~9611 ~~193135~~194288 SH 0 SOLE 0 ~~193135~~194288 0 0 WHIRLPOOL CORP ............... COM 963320106 ~~1536~~1683 ~~32205~~33675 SH 0 SOLE 0 ~~32205~~33675 0 0 WILLIAMS COMPANIES INC ....... COM 969457100 ~~3327~~4513 ~~83295~~105330 SH 0 SOLE 0 ~~83295~~105330 0 0 ~~WIRELESS~~WMS ~~HOLDERS~~INDS INC ................. COM ~~97653L208~~929297109 ~~1268~~442 ~~15000~~24580 SH 0 SOLE 0 ~~15000~~24580 0 0 WORLDCOM INC GA NEW .......... COM 98157D106 ~~1112~~1933 ~~79089~~103430 SH 0 SOLE 0 ~~79089~~103430 0 0

Filing Compare · VMF CAPITAL LLC