UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter ended: 12/31/99
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: Laurence H. Lebowitz
Title: Managing Director
Phone: (214) 758-6124
Signature, Place, and Date of Signing:
/X/ Laurence H. Lebowitz Dallas, Texas February 11, 2000
Managing Director
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: 69
Form 13F Information Table Value Total: $782,122 (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
<PAGE>
<TABLE>
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 A 007942105 409 23100 SHR SOLE 23100 0 0
ADVANTA CORP CL B 007942204 950 72400 SHR SOLE 72400 0 0
AERIAL COMMUNICATIONS INC COM 007655103 5262 96000 SHR SOLE 960000 0 0
ALPINE GROUP INC COM 020825105 457 36000 SHR SOLE 36000 0 0
ALTERNATIVE LIVING SVCS INC SB DB CV 5.25%02 02145KAB3 9927 14571 PRN SOLE 14571 0 0
AMERICAN ELEC PWR INC COM 025537101 1886 14571 SHR SOLE 14571 0 0
AMERICA ONLINE INC DEL COM 02364J104 1971 22000 SHR SOLE 22000 0 0
AMERICA ONLINE INC DEL SUB NT CV ZRO 19 02364JAC8 92670 155500 PRN SOLE 155500 0 0
AMF BOWLING INC COM 03113V109 450 150000 SHR SOLE 150000 0 0
ANGLOGOLD LTD SPONSORED ADR 035128206 5756 227400 SHR SOLE 227400 0 0
ASSOCIATED GROUP INC CL A 045651106 13434 148900 SHR SOLE 148900 0 0
ASSOCIATED GROUP INC CL B 045651205 71136 789300 SHR SOLE 789300 0 0
BANDAG INC CL A 059815308 943 44000 SHR SOLE 44000 0 0
BCE INC COM 05534B109 1355 15000 SHR SOLE 15000 0 0
BIOVAIL CORP INTL NEW WT EXP 093002 09067K114 17924 315700 SHR SOLE 315700 0 0
BJ SVCS CO WT EXP 041300 055482111 3771 77200 SHR SOLE 77200 0 0
BRIGHTPOINT INC SB LYON ZERO 18 109473AC2 9445 27075 PRN SOLE 27075 0 0
CAPSTAR HOTEL CO SUB NT CV4.75%04 140918AC7 5349 7060 PRN SOLE 7060 0 0
CENTERSPAN COMMUNICATIONS CORP COM 152012100 417 13604 SHR SOLE 13604 0 0
CITIZENS UTILS CO DEL CL B 177342201 4200 300000 SHR SOLE 300000 0 0
CKE RESTAURANTS INC SB NT CV 4.25%04 12561EAB1 7804 14909 PRN SOLE 14909 0 0
CNET INC SUB NT CONV 5%06 125945AC9 13638 7750 PRN SOLE 7750 0 0
COLEMAN INC NEW COM 193559101 25618 2788300 SHR SOLE 2788300 0 0
COMCAST CORP CL A 200300101 2339 49900 SHR SOLE 49900 0 0
CONOCO INC CL A 208251306 4616 198000 SHR SOLE 198000 0 0
DELHAIZE AMER INC CL B 246688204 1858 90100 SHR SOLE 90100 0 0
DELL COMPUTER CORP COM 247025109 615 12100 SHR SOLE 12100 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 975 15000 SHR SOLE 15000 0 0
ECHOSTAR COMMUNICATIONS NEW CL A 278762109 2418 25400 SHR SOLE 25400 0 0
ELAN PLC WT EXP 123101 284131703 1002 31945 SHR SOLE 31945 0 0
ELAN PLC WT EXP 011403 284131802 3808 200500 SHR SOLE 200500 0 0
FEDERAL NATL MTG ASSN COM 313586109 3713 63000 SHR SOLE 63000 0 0
FIDELITY HLDGS INC COM 31617J108 770 40000 SHR SOLE 40000 0 0
FLOWERS INDS INC COM 343496105 769 50000 SHR SOLE 50000 0 0
FLYCAST COMMUNICATIONS CORP COM 344067103 27455 182200 SHR SOLE 182200 0 0
FREEPORT-MCMORAN COPPER & GOLD CL A 35671D105 1042 56300 SHR SOLE 56300 0 0
GENERAL ELEC CO COM 369604103 1500 10000 SHR SOLE 10000 0 0
GENERAL INSTR CORP DEL COM 370120107 99552 1163500 SHR SOLE 1163500 0 0
GENESYS TELECOMMUNICATION LABS COM 371931106 35212 648700 SHR SOLE 648700 0 0
GLOBAL CROSSING LTD COM G3921A100 27267 555400 SHR SOLE 555400 0 0
GLOBALSTAR TELECOMMUNICTNS LTD COM G3930H104 468 10000 SHR SOLE 10000 0 0
HEALTHCARE RLTY TR SB DB CV 6.55%02 421946AA2 215 250 PRN SOLE 250 0 0
HRPT PPTYS TR SB DBCV-A 7.5%03 40426WAB7 4748 5012 PRN SOLE 5012 0 0
INFORMATION ARCHITECTS CORP COM 45669R107 957 109345 SHR SOLE 109345 0 0
JACOR COMMUNUNICATIONS INC WT EXP 091801 469858138 322 21000 SHR SOLE 21000 0 0
JONES INTERCABLE INC COM 480206101 1538 23000 SHR SOLE 23000 0 0
JONES INTERCABLE INC CL A 480206200 40628 601900 SHR SOLE 601900 0 0
KAFUS INDS LTD COM 482910106 598 66000 SHR SOLE 66000 0 0
KEEBLER FOODS CO COM 487256109 4499 162500 SHR SOLE 162500 0 0
KELLSTROM INDS INC SB NT CV 5.75%02 488035AC0 3405 5090 PRN SOLE 5090 0 0
MBL INTL FIN BERMUDA TR GTD NT EXCH 3%02 55262XAA2 88511 79920 PRN SOLE 79920 0 0
MCI WORLDCOM INC COM 55268B106 965 18600 SHR SOLE 18600 0 0
MEDITRUST CORP DEB CONV 7.5%01 58501TAC2 15700 19337 PRN SOLE 19337 0 0
MOLEX INC CL A 608554200 3413 80000 SHR SOLE 80000 0 0
NABISCO HLDGS CORP CL A 629526104 1559 49300 SHR SOLE 49300 0 0
NEOTHERAPEUTICS INC COM 640656104 8954 671807 SHR SOLE 671807 0 0
NET2PHONE COM 64108N106 2745 50000 SHR SOLE 50000 0 0
NORTH AMERN VACCINE INC SUB NT CV 6.5%03 657201AC3 3593 4915 PRN SOLE 4915 0 0
NORTH AMERN VACCINE INC COM 657201109 1511 350400 SHR SOLE 350400 0 0
OAK INDS INC COM NEW 671400505 13041 130000 SHR SOLE 130000 0 0
PROCTER & GAMBLE CO COM 742718109 4395 41000 SHR SOLE 41000 0 0
RAYTHEON CO CL A 755111309 1086 44000 SHR SOLE 44000 0 0
SONIC FDRY INC COM 83545R108 551 21700 SHR SOLE 21700 0 0
SUNRISE ASSISTED LIVING INC SUB NT CV 5.5%02 86768KAC0 2248 2926 PRN SOLE 2926 0 0
TELEBANC FINANCIAL CORP COM 87925R109 27848 1023100 SHR SOLE 1023100 0 0
THERMO FIBERTEK INC SUB DB CV 144A04 88355WAA3 1567 1949 PRN SOLE 1949 0 0
UNITED PAN-EUROPE COMMUNCTN NV SPON ADR A SHS 911300200 336 2700 SHR SOLE 2700 0 0
UNITEDGLOBALCOM CL A 913247508 29766 457500 SHR SOLE 457500 0 0
VISIO CORP COM 927914101 7275 155400 SHR SOLE 155400 0 0
</TABLE>
