0001056868-12-000004.txt : 20120514 0001056868-12-000004.hdr.sgml : 20120514 20120514160710 ACCESSION NUMBER: 0001056868-12-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 EFFECTIVENESS DATE: 20120514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001056868 IRS NUMBER: 911723315 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-07018 FILM NUMBER: 12838742 BUSINESS ADDRESS: STREET 1: 600 UNIVERSITY ST STREET 2: SUITE 2304 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 2064476200 MAIL ADDRESS: STREET 1: 600 UNIVERSITY ST STREET 2: SUITE 2304 CITY: SEATTLE STATE: WA ZIP: 98101 13F-HR 1 qe033112.txt QUARTER ENDING MARCH 31, 2012 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, 2012 Check here if amended: [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] add new holdings entries. Institutional Investment Manager Filing this Report: Name: Summit Capital Management, LLC Address: 600 University Street, Suite 2304 Seattle, WA 98101 Form 13F File Number: 28-7018 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: Lisa M. Burke Title: Chief Compliance Officer Phone No.: 206-447-6200 Signature, Place, and Date of Signing: Lisa M. Burke Seattle, Washington May 14, 2012 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 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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 86 Form 13F Information Table Value Total: $265,415,000 List of Other Included Managers: Provide a numbered 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. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALERIAN MLP ETF ETF 00162q866 1402 84237 SH Sole 84237 ALEXZA PHARMACEUTICALS INC COM 015384100 6 10000 SH Sole 10000 AMGEN INC COM 031162100 11610 170806 SH Sole 170806 ANNALY CAPITAL MANAGEMENT INC COM 035710409 3037 192000 SH Sole 192000 ARCH COAL INC COM 039380100 1029 96100 SH Sole 96100 BARRICK GOLD CORP COM 067901108 5820 133848 SH Sole 133848 BITSTREAM INC-CLASS A COM 091736108 1540 356500 SH Sole 356500 BLUEPHOENIX SOLUTIONS SHS NEW COM M20157117 320 201344 SH Sole 201344 BOEING CO COM COM 097023105 2355 31670 SH Sole 31670 CABLEVISION SYSTEMS CORP CL A COM 12686c109 220 15000 SH Sole 15000 CHIMERA INVESTMENT CORP COM 16934Q109 3269 1155150 SH Sole 1155150 CHINA MEDIAEXPRESS HLD COM COM 169442100 3 30000 SH Sole 30000 CHINAEDU CORP-ADR COM 16945L107 730 99336 SH Sole 99336 COCA COLA ENTERPRISES, INC COM 19122t109 615 21500 SH Sole 21500 COMMONWEALTH REIT COM 203233101 9625 516940 SH Sole 516940 COWEN GROUP INC COM 223622101 3885 1433525 SH Sole 1433525 CRAY INC. COM 225223304 2934 400794 SH Sole 400794 DETREX CORP COM 250685104 10464 683934 SH Sole 683934 DOLPHIN CAPITAL INVESTORS COM b06gj37 1689 4535100 SH Sole 4535100 DYNAMICS RESEARCH CORP COM 268057106 161 16669 SH Sole 16669 ELLINGTON FINANCIAL ETF 288522303 4311 220400 SH Sole 220400 EMERITUS CORP COM 291005106 564 31938 SH Sole 31938 EXELON CORP COM 30161n101 5140 131100 SH Sole 131100 EXXON MOBIL CORP COM 30231G102 5938 68460 SH Sole 68460 FIVE STAR QUALITY CARE INC COM 33832D106 239 70000 SH Sole 70000 GABELLI GLOBAL DEAL FUND ETF 361570104 6383 520213 SH Sole 520213 GENERAL ELECTRIC CO COM 369604103 6453 321513 SH Sole 321513 GENERAL MOTORS 4.75% PFD SER B PFRD 37045v209 6696 159990 SH Sole 159990 HECLA MNG CO COM 422704106 140 30300 SH Sole 30300 HOUSTON AMERN ENERGY C COM COM 44183u100 72 13749 SH Sole 13749 Ingram Micro Inc. COM 457153104 557 30000 SH Sole 30000 INTREPID POTASH COM 46121y102 766 31500 SH Sole 31500 ISHARES BARCLAYS 1-3 YRCD BD F ETF 464288646 669 6370 SH Sole 6370 ISHARES GOLD TRUST ETF 464285105 171 10500 SH Sole 10500 ISHARES MSCI BRIC INDEX FUND ETF 464286657 204 5000 SH Sole 5000 ISHARES S&P 500 INDEX FUND ETF 464287200 313 2216 SH Sole 2216 KELLY SERVICES CLASS A COM 488152208 1119 70000 SH Sole 70000 KRATOS DEFENSE SOLUTIONS COM 50077B207 363 68063 SH Sole 68063 LONE PINE RES INC COM COM 54222a106 175 26901 SH Sole 26901 MARLBOROUGH SOFTWARE DEVELOPME COM 571038108 421 354000 SH Sole 354000 MICROSOFT CORP COM 594918104 20622 639343 SH Sole 639343 MONSANTO CO NEW COM 61166W101 1880 23565 SH Sole 23565 MORGAN STANLEY CHINA A SHARE ETF 617468103 563 28743 SH Sole 28743 NEVADA GOLD & CASINOS INC COM 64126Q206 70 48978 SH Sole 48978 NEWMONT MINING CORP HLDG CO COM 651639106 3650 71200 SH Sole 71200 NEXEN INC COM 65334H102 444 24200 SH Sole 24200 NOKIA CORP ADR COM 654902204 2471 450032 SH Sole 450032 NYSE EURONEXT COM 629491101 4195 139800 SH Sole 139800 OCCIDENTAL PETE CP DEL COM COM 674599105 5638 59200 SH Sole 59200 PENN VIRGINIA CORP COMMON COM 707882106 4069 894335 SH Sole 894335 PEPSICO INC COM 713448108 4900 73850 SH Sole 73850 PETROLEO BRASILEIRO SA (ADR) COM 71654V408 813 30611 SH Sole 30611 PLAZA BANK COM 72819V101 33 29650 SH Sole 29650 POWERSHARES SHORT MSCI EMERGIN ETF 74347r396 5897 202240 SH Sole 202240 POWERSHARES WILDERHILL CLEAN E ETF 73935x500 349 62811 SH Sole 62811 PRESIDENTIAL LIFE COM 740884101 6463 565441 SH Sole 565441 PROSPECT CAPITAL CORP COM 74348t102 2725 248176 SH Sole 248176 RR DONNELLEY AND SONS COMPANY COM 257867101 1856 149800 SH Sole 149800 SEQUENOM INC COM COM 817337405 102 25000 SH Sole 25000 SNAP INTERACTIVE INC COM 83303w109 50 32900 SH Sole 32900 SOUTHWEST AIRLS CO COM 844741108 5928 719400 SH Sole 719400 SPROTT PHYSICAL GOLD TRUST ETF 85207h104 293 20300 SH Sole 20300 STREETTRACKS GOLD TRUST ETF 78463V107 4363 26910 SH Sole 26910 TALON THERAPEUTICS INC COM COM 87484H104 7 10000 SH Sole 10000 TELECOMMUNICATIONS SYS INC COM 87929j103 139 50000 SH Sole 50000 TELLABS INC COM 879664100 665 164200 SH Sole 164200 THIRD POINT OFFSHORE INVESTORS COM G8846K109 1547 146109 SH Sole 146109 TRANSOCEAN SEDCO FOREX INC COM H8817H100 4857 88800 SH Sole 88800 UNISYS CORP COM COM 909214306 966 49000 SH Sole 49000 UNITECH CORP PARKS COM G9221L100 2328 4543116 SH Sole 4543116 UNITED PARCEL SERVICE COM 911312106 32928 407925 SH Sole 407925 US BANCORP NEW COM 902973304 5211 164500 SH Sole 164500 US GEOTHERMAL INC COM 90338s102 130 250000 SH Sole 250000 VANGUARD SHORT-TERM CORP BOND ETF 92206c409 230 2915 SH Sole 2915 VELOCITYSHARES 2X VIX SHARES ETF 22542D761 294 40615 SH Sole 40615 VERAMARK TECHNOLOGOES INC COM 923351100 819 1545090 SH Sole 1545090 VIETNAM ENTERPRISE INVESTMENTS COM g9361h109 1865 923300 SH Sole 923300 VOLT INFORMATION SCIENCES INC COM 928703107 7092 1136617 SH Sole 1136617 VONAGE HOLDINGS COM 92886t201 113 51000 SH Sole 51000 WALGREEN CO COM 931422109 335 10000 SH Sole 10000 WASHINGTON MUTUAL TR PFD INCOM COM 939322848 91 27700 SH Sole 27700 WIRELESS MATRIX CORPORATION COM 97653g100 309 440500 SH Sole 440500 WISDOMTREE MANAGED FUTURES STR ETF 97717w125 7881 182174 SH Sole 182174 YAHOO INC COM 984332106 16731 1099250 SH Sole 1099250 ZWEIG FUND ETF 989834106 1965 612073 SH Sole 612073 ZWEIG TOTAL RETURN FUND ETF 989837109 130 40500 SH Sole 40500