UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter ended: 3/31/00
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 May 12, 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: 71
Form 13F Information Table Value Total: $391,271 (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 B 007942204 1036 72400 SHR SOLE 72400 0 0
ADVANTA CORP CL A 007942105 471 23100 SHR SOLE 23100 0 0
ALPINE GROUP INC COM 020825105 277 30800 SHR SOLE 30800 0 0
ALTERA CORP COM 021441100 2499 28000 SHR SOLE 28000 0 0
ALTERNATIVE LIVING SVCS INC SB DB CV 5.25%02 02145KAB3 11918 22071000 PRN SOLE 22071000 0 0
AMERICA ONLINE INC DEL COM 02364J104 1695 27200 SHR SOLE 27200 0 0
AMERICA ONLINE INC DEL SUB NT CV ZRO 19 02364JAC8 50221 91000000 PRN SOLE 91000000 0 0
BANK TOKYO-MITSUBISHI LTD SPONSORED ADR 065379109 426 30000 SHR SOLE 30000 0 0
BIO TECHNOLOGY GEN CORP COM 090578105 640 41300 SHR SOLE 41300 0 0
BIOGEN INC COM 090597105 1048 15000 SHR SOLE 15000 0 0
BJ SVCS CO WT EXP 041300 055482111 9054 77200 SHR SOLE 77200 0 0
BRIGHTPOINT INC SB LYON ZERO 18 109473AC2 2599 7575000 PRN SOLE 7575000 0 0
BRIGHTPOINT INC SBLYON ZRO144A18 109473AA6 652 1900000 PRN SOLE 1900000 0 0
CAPSTAR HOTEL CO SUB NT CV4.75%04 140918AC7 5384 7060000 PRN SOLE 7060000 0 0
CELL THERAPEUTICS INC COM 150934107 5816 250000 SHR SOLE 250000 0 0
CENDANT CORP RT PUR PRIDES 151313111 1350 120000 SHR SOLE 120000 0 0
CEPHALON INC COM 156708109 626 16700 SHR SOLE 16700 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 1718 19700 SHR SOLE 19700 0 0
CHIRON CORP COM 170040109 1546 31000 SHR SOLE 31000 0 0
CKE RESTAURANTS INC SB NT CV 4.25%04 12561EAB1 11285 21109000 PRN SOLE 21109000 0 0
COR THERAPEUTICS INC COM 217753102 1160 17600 SHR SOLE 17600 0 0
DAISYTEK INTL CORP COM 234053106 442 28000 SHR SOLE 28000 0 0
ELAN PLC WT EXP 11403 284131802 9155 200500 SHR SOLE 200500 0 0
FEDERAL MOGUL CORP COM 313549107 1617 96904 SHR SOLE 96904 0 0
FEDERAL NATL MTG ASSN COM 313586109 4176 74000 SHR SOLE 74000 0 0
FLIGHTSERV COM COM 339428104 1781 300000 SHR SOLE 300000 0 0
FLOWERS INDS INC COM 343496105 1291 85000 SHR SOLE 85000 0 0
GENE LOGIC INC COM 368689105 611 14530 SHR SOLE 14530 0 0
GENZYME CORP COM GENL DIV 372917104 892 17800 SHR SOLE 17800 0 0
GILEAD SCIENCES INC COM 375558103 729 11500 SHR SOLE 11500 0 0
HEALTHCARE RLTY TR SB DB CV 6.55%02 421946AA2 3567 4250000 PRN SOLE 4250000 0 0
HRPT PPTYS TR SB DBCV-A 7.5%03 40426WAB7 5086 5415000 PRN SOLE 5415000 0 0
IDT CORP COM 448947101 413 10000 SHR SOLE 10000 0 0
IMMUNEX CORP NEW COM 452528102 1205 19000 SHR SOLE 19000 0 0
INTEL CORP COM 458140100 9236 70000 SHR SOLE 70000 0 0
INTELECT COMMUNICATIONS INC COM 458144102 1697 300000 SHR SOLE 300000 0 0
INTERMEDIA COMMUNICATIONS INC COM 458801107 2926 60600 SHR SOLE 60600 0 0
INTERNATIONAL ISOTOPES INC COM 45972C102 450 72728 SHR SOLE 72728 0 0
INTERNET INITIATIVE JAPAN INC SPONSORED ADR 46059T109 7325 100000 SHR SOLE 100000 0 0
JACOR COMMUNUNICATIONS INC WT EXP 091801 469858138 13916 1271000 SHR SOLE 1271000 0 0
KAFUS INDS LTD COM 482910106 424 70000 SHR SOLE 70000 0 0
KELLSTROM INDS INC SB NT CV 5.75%02 488035AC0 2931 5090000 PRN SOLE 5090000 0 0
LABORATORY CORP AMER HLDGS PFD CV EXCH% A 50540R201 6057 77300 SHR SOLE 77300 0 0
LUCENT TECHNOLOGIES INC COM 549463107 3220 53000 SHR SOLE 53000 0 0
MBL INTL FIN BERMUDA TR GTD NT EXCH 3%02 55262XAA2 92732 83920000 PRN SOLE 83920000 0 0
MEDITRUST CORP DEB CONV 7.5%01 58501TAC2 19841 21895000 PRN SOLE 21895000 0 0
MERRILL LYNCH & CO INC COM 590188108 2835 27000 SHR SOLE 27000 0 0
MILLENNIUM PHARMACEUTICALS INC SUB NT CV 144A07 599902AA1 2340 2500000 PRN SOLE 2500000 0 0
MOLEX INC CL A 608554200 617 13900 SHR SOLE 13900 0 0
MOLEX INC COM 608554101 828 14100 SHR SOLE 14100 0 0
NEOTHERAPEUTICS INC COM 640656104 4358 260162 SHR SOLE 260162 0 0
NEWS CORP LTD SP ADR PFD 652487802 6342 133000 SHR SOLE 133000 0 0
NORTH AMERN VACCINE INC SUB NT CV 6.5%03 657201AC3 3291 4915000 PRN SOLE 4915000 0 0
NORTH AMERN VACCINE INC COM 657201109 296 110000 SHR SOLE 110000 0 0
OMEGA HEALTHCARE INVS INC SUB DB CV 8.5%01 681936AG5 693 1150000 PRN SOLE 1150000 0 0
ORGANOGENESIS INC COM 685906109 603 50000 SHR SOLE 50000 0 0
PALM INC COM 696642107 3141 70000 SHR SOLE 70000 0 0
PSINET INC COM 74437C101 1227 36000 SHR SOLE 36000 0 0
RAYTHEON CO CL A 755111309 2831 150000 SHR SOLE 150000 0 0
RITE AID CORP COM 767754104 2608 474200 SHR SOLE 474200 0 0
SIGMA ALDRICH CORP COM 826552101 323 12000 SHR SOLE 12000 0 0
SILICON GRAPHICS INC COM 827056102 3996 375000 SHR SOLE 375000 0 0
SONIC FDRY INC COM 83545R108 8056 82730 SHR SOLE 82730 0 0
THERMO FIBERTEK INC SUB DB CV 144A04 88355WAA3 1588 1900000 PRN SOLE 1900000 0 0
UNITEDGLOBALCOM CL A 913247508 28483 379300 SHR SOLE 379300 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 609 13000 SHR SOLE 13000 0 0
WARNER LAMBERT CO COM 934488107 2535 26000 SHR SOLE 26000 0 0
WILLIAMS COMMUNICATIONS GROUP CL A 969455104 4399 85000 SHR SOLE 85000 0 0
XPEDIOR INC COM 98413B100 1867 81600 SHR SOLE 81600 0 0
ZIFF-DAVIS INC COM ZD 989511100 3054 197000 SHR SOLE 197000 0 0
ZIFF-DAVIS INC COM ZDNET 989511209 1210 55000 SHR SOLE 55000 0 0
</TABLE>
