UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter ended: 6/30/99
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: HBK INVESTMENTS L.P.
Address: 300 CRESCENT COURT, SUITE 700
DALLAS, TEXAS 75201
Form 13F File Number: 28-6078
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 Report Manager:
Name: H. Michael Reese
Title: Chief Financial Officer
Phone: (214) 758-6160
Signature, Place, and Date of Signing:
/X/ H. Michael Reese Dallas, Texas August 13, 1999
Chief Financial Officer
Report Type (Check only one.):
X 13F HOLDINGS REPORT.
13F NOTICE.
13F COMBINATION REPORT.
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: 75
Form 13F Information Table Value Total: $532,743 (thousands)
Information for which we are requesting confidential treatment has been
omitted and filed separately with the Securities and Exchange Commission.
List of Other Included Managers: NONE
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FORM 13F INFORMATION TABLE
<CAPTION>
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
- ---------------------- ----- ----- -------- ------- --- ---- -------- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADVANTA CORP CL B 007942204 568 41,600 SH SOLE 41,600 0 0
AERIAL COMMUNICATIONS INC COM 007655103 6,688 500,000 SH SOLE 500,000 0 0
ALBERSTONS INC CALL 013104904 902 17,500 SH CALL SOLE 17,500 0 0
ALPINE GROUP INC COM 020825105 897 59,300 SH SOLE 59,300 0 0
ALTERNATIVE LIVING SERVICES INC SB DB CV 5.25%02 02145KAB3 11,161 14,571,000 PRN SOLE 14,571,000 0 0
ALTERNATIVE LIVING SERVICES INC SUB DB CONV 7%04 02145KAC1 9,370 10,635,000 PRN SOLE 10,635,000 0 0
AMERICA ONLINE INC DEL PUT 02364J954 1,540 14,000 SH PUT SOLE 14,000 0 0
AMERICAN GENERAL CORP PUT 026351956 4,523 60,000 SH PUT SOLE 60,000 0 0
AMERITECH CORP NEW CALL 030954901 7,350 100,000 SH CALL SOLE 100,000 0 0
ASSISTED LIVING CONCEPTS INC COM 04543L109 645 430,300 SH SOLE 430,300 0 0
AT HOME CORP SB DB CV 144A 18 045919AA5 12,413 16,200,000 PRN SOLE 16,200,000 0 0
ATMEL CORP PUT 049513954 6,866 262,200 SH PUT SOLE 262,200 0 0
ATMEL CORP SBDBCV ZRO144A18 049513AB0 30,713 75,000,000 PRN SOLE 75,000,000 0 0
AVONDALE INDS INC. COM 054350103 25,843 660,000 SH SOLE 660,000 0 0
AXOGEN LTD COM G0690R108 28,726 917,400 SH SOLE 917,400 0 0
BANDAG INC CL A 059815308 2,247 79,900 SH SOLE 79,900 0 0
BRIGHTPOINT INC SB LYON ZERO 18 109473AC2 12,534 50,275,000 PRN SOLE 50,275,000 0 0
CAMPBELL SOUP CO COM 134429109 521 12,000 SH SOLE 12,000 0 0
CAPSTAR HOTEL CO SUB NT CV4.75%04 140918AC7 2,112 2,750,000 PRN SOLE 2,750,000 0 0
CENDANT CORP CALL 151313903 2,157 105,200 SH CALL SOLE 105,200 0 0
CISCO SYS INC CALL 17275R902 12,888 200,000 SH CALL SOLE 200,000 0 0
CKE RESTAURANTS INC SB NT CV 4.25%04 12561EAB1 3,886 5,225,000 PRN SOLE 5,225,000 0 0
CNET INC SB NT CV 144A 06 125945AA3 12,369 7,750,000 PRN SOLE 7,750,000 0 0
COMCAST CORP CL A 200300101 1,802 50,000 SH SOLE 50,000 0 0
CONOCO INC. CL A 208251306 3,966 150,000 SH SOLE 150,000 0 0
DATA PROCESSING RES CORP COM 237823109 4,328 184,400 SH SOLE 184,400 0 0
EASTMAN KODAK CO CALL 277461909 6,775 100,000 SH CALL SOLE 100,000 0 0
EASTMAN KODAK CO PUT 277461959 6,775 100,000 SH PUT SOLE 100,000 0 0
ECHOSTAR COMMUNICATIONS NEW PFD CV SER C 278762307 21,495 71,300 SH SOLE 71,300 0 0
FUISZ TECHNOLOGIES LTD COM 359536109 809 225,000 SH SOLE 225,000 0 0
FUISZ TECHNOLOGIES LTD SB DB CV 7%04 359536AB5 3,325 7,040,000 PRN SOLE 7,040,000 0 0
GENERAL ELEC CO PUT 369604953 12,882 114,000 SH PUT SOLE 114,000 0 0
GENERAL MLS INC COM 370334104 968 12,000 SH SOLE 12,000 0 0
GULFSTREAM AEROSPACE CORP COM 402734107 11,944 175,000 SH SOLE 175,000 0 0
HEINZ H J CO COM 423074103 584 12,000 SH SOLE 12,000 0 0
HEWLETT PACKARD CO CALL 428236903 8,543 85,000 SH CALL SOLE 85,000 0 0
HOLLIS-EDEN PHARMACEUTICALS COM 435902101 1,319 109,656 SH SOLE 109,656 0 0
HRPT PPTYS TR SB DBCV0A 7.5%03 40426WAB7 4,832 5,012,000 PRN SOLE 5,012,000 0 0
ILLINOIS TOOL WKS INC CALL 452308909 1,431 17,500 SH CALL SOLE 17,500 0 0
INTELLIGENT POYMERS LTD UNIT EX 093000 45815V200 12,964 323,600 PRN SOLE 323,600 0 0
KELLOGG CO COM 487836108 398 12,000 SH SOLE 12,000 0 0
KELLSTROM INDS INC SUB NT CV 144A02 488035AA4 1,153 1,290,000 PRN SOLE 1,290,000 0 0
LABORATORY CORP AMER HLDGS PFD CV EXCH% A 50540R201 3,148 54,041 SOLE 54,041 0 0
LEHMAN BROS HLDGS INC PUT 524908950 4,349 70,000 SH PUT SOLE 70,000 0 0
LEVEL ONE COMMUNICATIONS INC. COM 527295109 44,209 902,800 SH SOLE 902,800 0 0
LUCENT TECHNOLOGIES INC COM 549463107 25,671 384,945 SH SOLE 384,945 0 0
MBL INTL FIN BERMUDA TR GTD NT EXCH 3%02 55262XAA2 21,238 18,920,000 PRN SOLE 18,920,000 0 0
MCI WORLDCOM INC COM 55268B106 1,965 21,000 SH SOLE 21,000 0 0
MCI WORLDCOM INC PUT 55268B956 17,213 200,000 SH PUT SOLE 200,000 0 0
MEDITRUST CORP DEB CONV 7.5%01 58501TAC2 18,515 19,337,000 PRN SOLE 19,337,000 0 0
MICROSOFT CORP COM 594918104 3,520 40,000 SH SOLE 40,000 0 0
MICROSOFT CORP PUT 594918954 18,038 200,000 SH PUT SOLE 200,000 0 0
MOLEX INC CL A 608554200 3,052 102,700 SH SOLE 102,700 0 0
NABISCO GROUP HLDG CORP COM 62952P102 712 35,700 SH SOLE 35,700 0 0
NEOTHERAPEUTICS INC COM 640656104 888 68,434 SH SOLE 68,434 0 0
NEXTEL COMMUNICATIONS INC PUT 65332V953 5,019 100,000 SH PUT SOLE 100,000 0 0
NOEL GROUP INC COM 655260107 1,906 3,049,100 SH SOLE 3,049,100 0 0
NORTH AMERN VACCINE INC COM 657201109 675 128,633 SH SOLE 128,633 0 0
NORTH AMERN VACCINE INC SUB NT CV 6.5%03 657201AC3 1,349 4,162,000 PRN SOLE 4,162,000 0 0
RAYTHEON CO CL A 755111309 8,676 127,000 SH SOLE 127,000 0 0
SAFEGUARD SCIENTIFICS INC SB NT CV 144A 06 786449AD0 2,943 2,800,000 PRN SOLE 2,800,000 0 0
SARA LEE CORP COM 803111103 826 36,000 SH SOLE 36,000 0 0
SHELL TRANS & TRADING PLC NEW YRK SH NEW 822703609 1,351 29,300 SH SOLE 29,300 0 0
SOUTHWEST AIRLS CO CALL 844741908 1,038 50,000 SH CALL SOLE 50,000 0 0
SPX CORP PUT 784635954 2,505 30,000 SH PUT SOLE 30,000 0 0
SUN MICROSYSTEMS INC COM 866810104 698 10,500 SH SOLE 10,500 0 0
SUN MICROSYSTEMS INC PUT 866810954 6,888 100,000 SH PUT SOLE 100,000 0 0
TERA COMPUTER CO COM 88076P108 3,000 635,593 SH SOLE 635,593 0 0
THERMO FIBERTEK INC SUB DB CV 144A04 88355WAA3 3,822 4,500,000 PRN SOLE 4,500,000 0 0
THRUSTMASTER INC COM 886027101 1,156 50,000 SH SOLE 50,000 0 0
TIME WARNER INC CALL 887315909 7,263 100,000 SH CALL SOLE 100,000 0 0
UNITED INTL HLDGS INC. CL A 910734102 8,562 126,900 SH SOLE 126,900 0 0
WESTFIELD AMER INC COM 959910100 328 21,000 SH SOLE 21,000 0 0
XOMA LTD ORD G9825R107 2,744 444,648 SH SOLE 444,648 0 0
YOUTH SVCS INTL INC SUB DB CONV 7%06 987816AB1 6,271 7,965,000 PRN SOLE 7,965,000 0 0
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