0001056868-11-000006.txt : 20110516 0001056868-11-000006.hdr.sgml : 20110516 20110513173627 ACCESSION NUMBER: 0001056868-11-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110516 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: 11842584 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 qe033111.txt QUARTER ENDING 03-31-2011 FILING 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, 2011 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.: 509-747-0409 Signature, Place, and Date of Signing: Lisa M. Burke Seattle, Washington May 13, 2011 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: 97 Form 13F Information Table Value Total: $237,325,000 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ADPT CORP COM EQUITY 00101b103 4514 1535429 SH SOLE 1535429 AMGEN INC EQUITY 031162100 13194 246846 SH SOLE 246846 ANNALY CAPITAL MANAGEMENT INC EQUITY 035710409 1923 110200 SH SOLE 110200 BANK OF AMERICA CORP EQUITY 060505104 215 16112 SH SOLE 16112 BARRICK GOLD CORP EQUITY 067901108 7597 146340 SH SOLE 146340 BITSTREAM INC-CLASS A EQUITY 091736108 426 66500 SH SOLE 66500 BLUEPHOENIX SOLUTIONS SHS EQUITY M20157109 391 203541 SH SOLE 203541 BROCADE COMM SYSTEMS INC EQUITY 111621306 191 31000 SH SOLE 31000 CHIMERA INVESTMENT CORP EQUITY 16934Q109 5002 1263195 SH SOLE 1263195 CHINA MEDIAEXPRESS HLD COM EQUITY 169442100 312 26300 SH SOLE 26300 CHINA MOBILE LIMITED ADR EQUITY 16941m109 925 20000 SH SOLE 20000 CHINAEDU CORP-ADR EQUITY 16945L107 1838 246071 SH SOLE 246071 CISCO SYSTEMS, INC EQUITY 17275R102 319 18605 SH SOLE 18605 COCA COLA ENTERPRISES, INC EQUITY 19122t109 587 21500 SH SOLE 21500 COMMONWEALTH REIT EQUITY 203233101 5632 216860 SH SOLE 216860 CRAY INC. EQUITY 225223304 3371 522659 SH SOLE 522659 DETREX CORP EQUITY 250685104 4179 696549 SH SOLE 696549 DIAMOND OFFSHORE DRILLING EQUITY 25271C102 5493 70700 SH SOLE 70700 DRYSHIPS INC EQUITY Y2109Q101 188 38000 SH SOLE 38000 DUOYUAN GLOBAL WATER INC-ADR EQUITY 266043108 683 113300 SH SOLE 113300 EAGLE BULK SHIPPING COM EQUITY Y2187A101 967 260000 SH SOLE 260000 EMERITUS CORP EQUITY 291005106 813 31938 SH SOLE 31938 ENCANA CORP EQUITY 292505104 345 10000 SH SOLE 10000 EXELON CORP EQUITY 30161n101 5518 133800 SH SOLE 133800 EXXON MOBIL CORP EQUITY 30231G102 5701 67764 SH SOLE 67764 FRONTIER COMMUNICATIONS CORP EQUITY 35906a108 1309 159264 SH SOLE 159264 GASTAR EXPL LTD COM NEW EQUITY 367299203 243 50000 SH SOLE 50000 GENERAL ELECTRIC CO EQUITY 369604103 6764 337379 SH SOLE 337379 GMX RES INC COM EQUITY 38011M108 1032 167200 SH SOLE 167200 HERCULES OFFSHORE INC COM EQUITY 427093109 397 60000 SH SOLE 60000 HOUSTON AMERN ENERGY C COM EQUITY 44183u100 337 21898 SH SOLE 21898 INTEL CORP EQUITY 458140100 712 35272 SH SOLE 35272 INTERCLICK INC EQUITY 458483203 70 10000 SH SOLE 10000 ITRON INC EQUITY 465741106 1981 35100 SH SOLE 35100 JOHNSON & JOHNSON EQUITY 478160104 3722 62825 SH SOLE 62825 KINDER MORGAN INC EQUITY 49456b101 4360 147100 SH SOLE 147100 KRAFT FOODS INC EQUITY 50075N104 5543 176750 SH SOLE 176750 L&L ENERGY EQUITY 50162d100 132 19000 SH SOLE 19000 LABRANCHE & CO INC COM EQUITY 505447102 10954 2787300 SH SOLE 2787300 LILLY ELI & CO EQUITY 532457108 3591 102100 SH SOLE 102100 MARVELL TECH GROUP EQUITY g5876h105 470 30200 SH SOLE 30200 MICROSOFT CORP EQUITY 594918104 22267 877003 SH SOLE 877003 MONSANTO CO NEW EQUITY 61166W101 5727 79250 SH SOLE 79250 NEWMONT MINING CORP HLDG CO EQUITY 651639106 3384 62000 SH SOLE 62000 NOKIA CORP ADR EQUITY 654902204 170 19932 SH SOLE 19932 OCCIDENTAL PETE CP DEL COM EQUITY 674599105 4806 45995 SH SOLE 45995 OMEROS CORP EQUITY 682143102 321 40100 SH SOLE 40100 PACIFIC ETHANOL INC EQUITY 69423U107 6 10000 SH SOLE 10000 PEABODY ENERGY CORP EQUITY 704549104 2641 36700 SH SOLE 36700 PEOPLE'S UNITED FINANCIAL, INC EQUITY 712704105 5746 456769 SH SOLE 456769 PEPSICO INC EQUITY 713448108 5378 83500 SH SOLE 83500 PETROHAWK ENERGY EQUITY 716495106 4540 185003 SH SOLE 185003 PETROLEO BRASILEIRO SA (ADR) EQUITY 71654V408 748 18500 SH SOLE 18500 PLAZA BANK EQUITY 72819V101 82 54650 SH SOLE 54650 PRESIDENTIAL LIFE EQUITY 740884101 6939 728128 SH SOLE 728128 QUANTUM CORP COM DSSG EQUITY 747906204 455 180731 SH SOLE 180731 RED LION HOTELS CORP EQUITY 756764106 924 112726 SH SOLE 112726 SAFEWAY INC EQUITY 786514208 5266 223700 SH SOLE 223700 TELECOMMUNICATIONS SYS INC EQUITY 87929j103 170 41000 SH SOLE 41000 ULTRAPETROL (BAHAMAS) LIMITED EQUITY p94398107 178 35000 SH SOLE 35000 UNITECH CORP PARKS EQUITY G9221L100 7090 16534359 SH SOLE 16534359 UNITED PARCEL SERVICE EQUITY 911312106 22563 303593 SH SOLE 303593 US BANCORP NEW EQUITY 902973304 333 12600 SH SOLE 12600 US GEOTHERMAL INC EQUITY 90338s102 1096 996000 SH SOLE 996000 VERAMARK TECHNOLOGOES INC EQUITY 923351100 1267 1545390 SH SOLE 1545390 VITESSE SEMICONDUCTOR EQUITY 928497304 169 35000 SH SOLE 35000 VOLT INFORMATION SCIENCES INC EQUITY 928703107 5540 675669 SH SOLE 675669 WAL-MART STORES INC EQUITY 931142103 557 10700 SH SOLE 10700 WENDYS ARBYS GROUP INC COM EQUITY 950587105 754 150000 SH SOLE 150000 YAHOO INC EQUITY 984332106 14289 856650 SH SOLE 856650 YAMANA GOLD INC EQUITY 98462Y100 1751 142217 SH SOLE 142217 ALERIAN MLP ETF ETF 00162q866 378 23085 SH SOLE 23085 PARNASSUS WORKPLACE FUND ETF 701765869 637 28970 SH SOLE 28970 POWERSHARES PREFERRED ETF 73936t565 248 17250 SH SOLE 17250 THE APPLESEED FUND ETF 90470k370 1270 94438 SH SOLE 94438 ULTRASHORT RUSSELL 2000 PROSHA ETF 74348a202 2715 65000 SH SOLE 65000 WALDEN SOCIAL EQUITY FUND ETF 912880408 1322 99260 SH SOLE 99260 ZWEIG FUND ETF 989834106 1096 304513 SH SOLE 304513 GLOBAL X CHINA CONSUMER ETF ETF 37950e408 289 16725 SH SOLE 16725 MARKET VECTORS VIETNAM ETF ETF 57060u761 890 37499 SH SOLE 37499 FIRST OPPORTUNITY FUND INC ETF 33587t108 1196 164904 SH SOLE 164904 ZWEIG TOTAL RETURN FUND ETF 989837109 160 46149 SH SOLE 46149 MARKET VECTORS GOLD MINERS ETF 57060U100 331 5500 SH SOLE 5500 SPROTT PHYSICAL GOLD TRUST ETF 85207h104 255 20200 SH SOLE 20200 STREETTRACKS GOLD TRUST ETF 78463V107 4476 32000 SH SOLE 32000 POWERSHARES US DOLLAR INDEX FU ETF 73936d107 994 45640 SH SOLE 45640 PROSHARES ULTRASHORT EURO ETF 74347w882 187 10500 SH SOLE 10500 AMERCO PFD SERIES A 8.5% PFRD 023586209 423 16326 SH SOLE 16326 GENERAL MOTORS 4.75% PFD SER B PFRD 37045v209 6478 134400 SH SOLE 134400 MAGUIRE PROPERTIES PFD A 7.625 PFRD 553274200 583 33803 SH SOLE 33803 PUBLIC STORAGE PFD SER D 6.18% PFRD 74460D430 240 9800 SH SOLE 9800 PUBLIC STORAGE PFD SER E 6.75% PFRD 74460D398 212 8400 SH SOLE 8400 PUBLIC STORAGE PFD SER W 6.50% PFRD 74460d570 1872 75345 SH SOLE 75345 RED LION HOTELS CAPITAL TRUST PFRD 75670L104 362 14363 SH SOLE 14363 WEINGARTEN RLTY 8.1% DUE 9/15/ PFRD 948741848 2024 89091 SH SOLE 89091 ISHARES BARCLAYS 1-3 YRCD BD F ETF 464288646 796 7620 SH SOLE 7620 POWERSHARES BUILD AMERICA BOND ETF 73937B407 794 31513 SH SOLE 31513