13F-HR 1 nmf_13f050710.txt FORM 13F-HR SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 ------------------ 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: NMF Asset Management, LLC -------------------------------------------- Address: 815 Colorado Avenue, Suite 100 -------------------------------------------- Stuart, FL 34994 -------------------------------------------- Form 13F File Number: 028-11696 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: Nola Falcone -------------------------------------------- Title: Managing Principal -------------------------------------------- Phone: (772) 221-2651 -------------------------------------------- Signature, Place, and Date of Signing: /s/ Nola M. Falcone Stuart, FL May 7, 2010 -------------------------- -------------------- ------------------- [Signature] [City, State] [Date] 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: 163 -------------- Form 13F Information Table Value Total: 140,149 -------------- (thousands) List of Other Included Managers: None 2
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PR N CALL DISCRETION MANAGERS SOLE SHARED NONE ABAXIS INC COM 002567105 1,202 44,200 SH SOLE 21,000 - 23,200 AGL RESOURCES INC COM 001204106 58 1,500 SH SOLE - - 1,500 AKAMAI TECHNOLOGIES INC COM 00971t101 1,351 43,000 SH SOLE 27,700 - 15,300 AMERICAN PUBLIC ED INC COM COM 02913V103 3,071 65,900 SH SOLE 26,800 - 39,100 ANADARKO PETROLEUM CORP COM 032511107 728 10,000 SH SOLE 10,000 - - APOLLO GROUP INC CL A CL A 037604105 729 11,900 SH SOLE 6,700 - 5,200 APPROACH RESOURCES INC COM COM 03834A103 1,768 194,700 SH SOLE 78,000 - 116,700 ARROW FINL CORP COM COM 042744102 274 10,200 SH SOLE 6,100 - 4,100 AT&T INC COM 00206r102 194 7,497 SH SOLE 4,200 - 3,297 ATMOS ENERGY CORP COM 049560105 17 600 SH SOLE - - 600 ATWOOD OCEANICS INC COM 050095108 970 28,000 SH SOLE 4,300 - 23,700 AVISTA CORP COM 05379B107 706 34,100 SH SOLE 14,100 - 20,000 BANK OF NEW YORK MELLON CORP COM 064058100 692 22,400 SH SOLE 6,800 - 15,600 BAXTER INTL COM 071813109 623 10,700 SH SOLE 2,500 - 8,200 BECTON DICKINSON & CO COM 075887109 94 1,200 SH SOLE 600 - 600 BILL BARRETT CORP COM 06846N104 3,526 114,800 SH SOLE 52,700 - 62,100 BIO REFERENCE LAB COM $.01 INC NEW 09057G602 2,361 53,700 SH SOLE 23,500 - 30,200 BLACK HILLS CORP COM 092113109 455 15,000 SH SOLE 12,000 - 3,000 BLACKBOARD INC COM COM 091935502 12 300 SH SOLE 300 - - BMC SOFTWARE INC COM 055921100 30 800 SH SOLE - - 800 BP PLC SPONSORED ADR 055622104 23 400 SH SOLE - - 400 BRISTOL MYERS SQUIBB CO COM 110122108 1,883 70,529 SH SOLE 40,785 - 29,744 BRYN MAWR BANK CORP COM 117665109 763 42,024 SH SOLE 35,824 - 6,200 CALGON CARBON CORP COM 129603106 2,714 158,500 SH SOLE 63,000 - 95,500 CALLAWAY GOLF CO COM COM 131193104 697 79,000 SH SOLE 6,500 - 72,500 CAMERON INTERNATIONAL CORP COM 13342b105 13 300 SH SOLE 300 - - CANO PETROLEUM COM 137801106 4 3,500 SH SOLE 3,500 - - CAPELLA EDUCATION CO COM COM 139594105 4,326 46,600 SH SOLE 21,400 - 25,200 CARBO CERAMICS INC COM COM 140781105 1,727 27,700 SH SOLE 11,500 - 16,200 CASH AMER INTL INC COM COM 14754D100 1,524 38,600 SH SOLE 18,800 - 19,800 CATALYST HEALTH SOLUTIONS INC COM 14888B103 1,870 45,200 SH SOLE 18,700 - 26,500 CELGENE CORP COM COM 151020104 651 10,500 SH SOLE 2,300 - 8,200 CHASE CORP COM 16150R104 194 15,400 SH SOLE 11,300 - 4,100 CHEVRON CORP COM 166764100 669 8,816 SH SOLE 3,200 - 5,616 CISCO SYSTEMS INC COM 17275R102 324 12,436 SH SOLE 3,036 - 9,400 CLIFFS NATURAL RES INC COM 18683K101 184 2,600 SH SOLE - - 2,600 COGENT INC COM COM 19239Y108 1,457 142,800 SH SOLE 44,700 - 98,100 COINSTAR INC COM COM 19259P300 1,381 42,500 SH SOLE 20,400 - 22,100 CONOCOPHILLIPS COM 20825C104 37 721 SH SOLE 721 - - CROSS TIMBERS ROYALTY TRUST TR UNIT 22757R109 1 20 SH SOLE - - 20 CVS CAREMARK CORP COM 126650100 1,323 36,200 SH SOLE 11,600 - 24,600 DANVERS BANCORP INC COM 236442109 1,188 85,926 SH SOLE 16,426 - 69,500 DELPHI FINL GROUP INC CL A CL A 247131105 36 1,450 SH SOLE 700 - 750
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PR N CALL DISCRETION MANAGERS SOLE SHARED NONE DELTIC TIMBER CORP COM COM 247850100 1,392 31,600 SH SOLE 15,900 - 15,700 DEVON ENERGY CORPORATION NEW COM 25179M103 1,553 24,100 SH SOLE 15,000 - 9,100 DOMINION RESOURCES INC COM 25746U109 12 300 SH SOLE - - 300 DONEGAL GROUP INC CL A CL A 257701201 44 3,000 SH SOLE - - 3,000 DOUBLE-TAKE SOFTWR INC COM COM 258598101 1,046 117,400 SH SOLE 67,800 - 49,600 DRIL-QUIP INC COM 262037104 176 2,900 SH SOLE 2,700 - 200 DUKE ENERGY CORP COM 26441C105 114 7,000 SH SOLE 300 - 6,700 DYNAMIC MATERIALS CORP COM 267888105 547 35,000 SH SOLE 27,100 - 7,900 ELI LILLY & CO COM 532457108 322 8,900 SH SOLE 8,900 - - EMC CORP COM 268648102 1,438 79,700 SH SOLE 41,500 - 38,200 ENERGY INC MONT COM 29269V106 85 8,370 SH SOLE 8,370 - - COM ENERGY TRANSFER UNIT LTD 29273R109 206 4,400 SH SOLE 100 - 4,300 PARTNERS LP PARTN ENTERPRISE PRODUCTS PARTNERS COM 293792107 558 16,136 SH SOLE 3,976 - 12,160 EPIQ SYS INC COM COM 26882D109 1,504 121,000 SH SOLE 31,500 - 89,500 EQT CORP COM 26884L109 918 22,400 SH SOLE 6,100 - 16,300 ESCO TECHNOLOGIES COM 296315104 219 6,900 SH SOLE 6,500 - 400 EXTERRAN PARTNERS LP COM UNITS COM UNITS 30225N105 90 4,100 SH SOLE - - 4,100 EXXON MOBIL CORP COM 30231G102 165 2,460 SH SOLE - - 2,460 EZCORP INC CL A CL A NON VTG 302301106 1,965 95,400 SH SOLE 39,400 - 56,000 FIRST NIAGARA FINANCIAL GRP COM 33582V108 1,494 105,000 SH SOLE 43,000 - 62,000 FIRSTMERIT CORP COM COM 337915102 2,609 121,000 SH SOLE 42,300 - 78,700 FORTUNE BRANDS INC COM 349631101 5 100 SH SOLE - - 100 GENUINE PARTS COMPANY COM 372460105 342 8,100 SH SOLE 1,100 - 7,000 GENZYME CORP COM 372917104 280 5,400 SH SOLE 1,000 - 4,400 GEORESOURCES INC COM COM 372476101 3,246 212,600 SH SOLE 83,800 - 128,800 GMX RESOURCES INC COM 38011M108 575 69,900 SH SOLE 20,300 - 49,600 GREIF INC CL A CL A 397624107 3,603 65,600 SH SOLE 39,500 - 26,100 HAIN CELESTIAL GROUP INC COM 405217100 1,809 104,100 SH SOLE 33,900 - 70,200 HEWLETT-PACKARD CO COM 428236103 1,908 35,900 SH SOLE 20,300 - 15,600 HONEYWELL INTL COM 438516106 23 500 SH SOLE - - 500 HUDSON CITY BANCORP INC COM 443683107 1,253 88,400 SH SOLE 31,200 - 57,200 HUGOTON ROYALTY UNIT BEN TRUST INT 444717102 1 59 SH SOLE - - 59 IDACORP INC COM 451107106 384 11,100 SH SOLE 10,200 - 900 ILLINOIS TOOL WORKS INC COM 452308109 545 11,500 SH SOLE 4,700 - 6,800 INERGY LP UNIT LTD PTNR 456615103 174 4,600 SH SOLE - - 4,600 INSITUFORM TECH INC CL A CL A 457667103 2,469 92,800 SH SOLE 35,000 - 57,800 INTEGRYS ENERGY GROUP COM 45822P105 28 600 SH SOLE 500 - 100 INTEL CORP COM 458140100 2,525 113,300 SH SOLE 75,900 - 37,400 INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 51 400 SH SOLE - - 400 ITRON INC COM 465741106 595 8,200 SH SOLE 2,100 - 6,100 ITT EDUCATIONAL SERVICES INC COM 45068B109 495 4,400 SH SOLE 900 - 3,500 JACOBS ENGINEERING GROUP INC COM 469814107 511 11,300 SH SOLE 2,600 - 8,700 JOHNSON & JOHNSON COM 478160104 1,063 16,300 SH SOLE 15,600 - 700
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PR N CALL DISCRETION MANAGERS SOLE SHARED NONE K12 INC COM COM 48273U102 2,066 93,000 SH SOLE 26,800 - 66,200 KOHLS CORP COM 500255104 772 14,100 SH SOLE 2,800 - 11,300 LABORATORY CORP OF AMERICA COM NEW 50540R409 288 3,800 SH SOLE 900 - 2,900 MAGELLAN MIDSTREAM PRT COM UNIT LP RP LP 559080106 19 400 SH SOLE - - 400 MARATHON OIL CORP COM COM 565849106 3 100 SH SOLE 100 - - MARKWEST ENERGY PARTNR UNIT UNIT LTD LTD PARTN PARTN 570759100 175 5,700 SH SOLE - - 5,700 MEDCO HEALTH SOLUTIONS COM 58405U102 71 1,096 SH SOLE - - 1,096 MEDTRONIC INC COM 585055106 45 1,000 SH SOLE 1,000 - - MEMC ELECTRONIC MATERIALS COM 552715104 40 2,600 SH SOLE 2,600 - - MERCK & CO INC COM 58933Y105 433 11,604 SH SOLE 8,556 - 3,048 MET-PRO CORP COM 590876306 1,578 161,055 SH SOLE 76,255 - 84,800 MGE ENERGY INC COM 55277P104 2,914 82,400 SH SOLE 30,900 - 51,500 MICROSEMI CORP COM 595137100 243 14,000 SH SOLE 8,500 - 5,500 MICROSOFT CORP COM 594918104 64 2,200 SH SOLE 600 - 1,600 MIDDLESEX WATER CO COM 596680108 9 500 SH SOLE - - 500 MONRO MUFFLER BRAKE INC COM 610236101 3,233 90,400 SH SOLE 32,800 - 57,600 MONSANTO CO COM 61166W101 693 9,700 SH SOLE 2,500 - 7,200 MURPHY OIL CORP COM 626717102 225 4,000 SH SOLE 4,000 - - NATIONAL RESEARCH CORP COM COM 637372103 213 8,400 SH SOLE 7,000 - 1,400 NETEZZA CORP COM COM 64111N101 1,883 147,200 SH SOLE 69,500 - 77,700 NEUSTAR INC CL A CL A 64126x201 1,184 47,000 SH SOLE 39,800 - 7,200 NEUTRAL TANDEM INC COM COM 64128B108 2,129 133,200 SH SOLE 54,900 - 78,300 NII HOLDINGS CL B NEW 62913F201 13 300 SH SOLE - - 300 NOBLE CORP NEW NAMEN -AKT H5833N103 970 23,200 SH SOLE 19,100 - 4,100 NORTHWESTERN CORP COM NEW 668074305 247 9,200 SH SOLE 8,200 - 1,000 NOVARTIS AG SPSR SPONSORED ADR ADR 66987V109 1,498 27,690 SH SOLE 17,500 - 10,190 OBAGI MED PRODS INC COM COM 67423R108 1,672 137,300 SH SOLE 58,600 - 78,700 ONEOK INC COM 682680103 274 6,000 SH SOLE 6,000 - - PARAMETRIC TECH CORP COM NEW COM NEW 699173209 2,124 117,700 SH SOLE 48,000 - 69,700 PARKER DRILLING CO COM 701081101 1,741 353,200 SH SOLE 93,000 - 260,200 PENTAIR INC COM 709631105 1,557 43,700 SH SOLE 23,800 - 19,900 PERKINELMER INC COM COM 714046109 770 32,200 SH SOLE 7,800 - 24,400 PETROLEUM & RESOURCES CORP. COM 716549100 7 310 SH SOLE 310 - - PETROLEUM DEVELOPMENT CORP COM 716578109 3,594 155,100 SH SOLE 67,400 - 87,700 PFIZER INC COM 717081103 1,088 63,430 SH SOLE 35,330 - 28,100 PHOENIX COMPANIES INC COM 71902E109 0 124 SH SOLE - - 124 PIONEER NAT RES CO COM 723787107 2,872 51,000 SH SOLE 31,300 - 19,700 PLAINS ALL AMERICAN UNIT LTD PIPELINE LP PARTN 726503105 193 3,400 SH SOLE 900 - 2,500 PROCTER & GAMBLE CO COM 742718109 104 1,650 SH SOLE 550 - 1,100 PROGRESS ENERGY INC COM 743263105 114 2,900 SH SOLE 1,400 - 1,500 PROSPERITY BANCSHARES INC COM 743606105 451 11,000 SH SOLE 1,000 - 10,000 QUANTA SVCS INC COM COM 74762E102 320 16,700 SH SOLE 3,900 - 12,800 QUEST SOFTWARE INC COM COM 74834T103 1,147 64,500 SH SOLE 30,400 - 34,100
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PR N CALL DISCRETION MANAGERS SOLE SHARED NONE RBC BEARINGS INC COM 75524B104 402 12,600 SH SOLE 7,300 - 5,300 ROFIN-SINAR TECHNOLOGIES INC COM 775043102 1,644 72,700 SH SOLE 19,100 - 53,600 ROYAL DUTCH SHELL SPONS ADR PLC ADR A 780259206 6 100 SH SOLE - - 100 SCANA CORP NEW COM 80589m102 756 20,100 SH SOLE 16,600 - 3,500 SCHLUMBERGER LTD COM 806857108 1,447 22,800 SH SOLE 15,600 - 7,200 SEACOAST BKG CORP FLA COM COM 811707306 247 145,908 SH SOLE 41,385 - 104,523 SELECTIVE INSURANCE GROUP COM 816300107 120 7,200 SH SOLE 5,600 - 1,600 SJW CORP COM 784305104 23 900 SH SOLE - - 900 SMITHTOWN BANCORP INC COM 832449102 414 100,294 SH SOLE 20,794 - 79,500 STANLEY INC COM COM 854532108 119 4,200 SH SOLE 3,900 - 300 STRYKER CORP COM 863667101 29 500 SH SOLE - - 500 SUBURBAN PROPANE L P UNIT LTD UNIT LTD PARTN PARTN 864482104 157 3,300 SH SOLE - - 3,300 SUNOCO LOGISTICS PT LP COM UNITS COM UNITS 86764L108 27 400 SH SOLE - - 400 SUPERIOR ENERGY SERVICES INC COM 868157108 406 19,300 SH SOLE 13,000 - 6,300 SUSQUEHANNA BANCSHARES INC COM 869099101 10 1,000 SH SOLE - - 1,000 SYNAPTICS INC COM COM 87157D109 2,184 79,100 SH SOLE 29,300 - 49,800 T ROWE PRICE GROUP COM 74144T108 16 300 SH SOLE 300 - - TELECOMMUNICATION SYS CL A CL A 87929J103 1,580 215,300 SH SOLE 73,900 - 141,400 TERRITORIAL BANCORP INC COM 88145X108 2,122 111,500 SH SOLE 50,200 - 61,300 TEXAS INSTRUMENTS INC COM 882508104 392 16,000 SH SOLE 16,000 - - TRANSOCEAN LTD REG SHS H8817h100 894 10,348 SH SOLE 10,348 - - UNIVERSAL ELECTRONICS INC COM 913483103 451 20,200 SH SOLE 19,800 - 400 US BANCORP COM NEW 902973304 22 865 SH SOLE 865 - - VERIZON COMMUNICATIONS COM 92343V104 189 6,100 SH SOLE 1,300 - 4,800 VIASAT INC COM 92552V100 138 4,000 SH SOLE 4,000 - - VIRTUS INVESTMENT PARTNERS COM 92828Q109 0 6 SH SOLE - - 6 WADDELL & REED FINL CL A CL A 930059100 944 26,200 SH SOLE 6,900 - 19,300 WELLS FARGO & CO NEW COM 949746101 2 74 SH SOLE 74 - - WESTAR ENERGY INC COM 95709T100 47 2,100 SH SOLE - - 2,100 WESTWOOD HLDGS GROUP COM COM 961765104 1,693 46,000 SH SOLE 20,500 - 25,500 WHIRLPOOL CORP COM 963320106 611 7,000 SH SOLE 3,700 - 3,300 WILLIAMS COMPANIES INC COM 969457100 1,388 60,100 SH SOLE 60,100 - - WILLIAMS PIPELINE COM UNIT PARTNERS LP LP IN 96950K103 154 5,100 SH SOLE 2,000 - 3,100 ZOLL MEDICAL CORP COM 989922109 2,285 86,700 SH SOLE 36,700 - 50,000 140,149
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