<PAGE>
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, 1999
--------------
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: S.A.C. Capital Advisors, LLC
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777 Long Ridge Road
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Stamford, Connecticut 06902
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Form 13F File Number: 28-5610
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: David A. Barnett
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Title: Counsel
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Phone: 203-614-2056
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Signature, Place, and Date of Signing:
/s/ David A. Barnett Stamford, Connecticut April 29, 1999
- ------------------------- --------------------- --------------
[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).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
-
Form 13F Information Table Entry Total: 315
---
Form 13F Information Table Value Total: $833,130,619
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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.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
- --- -------------------- ----
2 28-5608 S.A.C. Capital Management, LLC
- - ------- ------------------------------
3 28-5356 S.A.C. Capital Management, L.P.
- - ------- -------------------------------
<PAGE>
<TABLE>
SAC CAPITAL ADVISORS, LLC
FORM 13F
3/31/99
<CAPTION>
Amount
CUSIP Market and Type Investment Other Voting
Name of Issuer Title of Class Number Value of Security Discretion Managers Authority
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ABGENIX INC Common Stock 00339B107 1,513 100000 SH Shared-Defined 2, 3 Shared
ACCESSIBLE SOTWARE INC Common Stock 004318101 300 25000 SH Shared-Defined 2, 3 Shared
ACTEL Common Stock 4934105 801 48750 SH Shared-Defined 2, 3 Shared
ADAPTEC Common Stock 00651F108 781 34350 SH Shared-Defined 2, 3 Shared
AEROQUIP VICKERS INC Common Stock 007869100 6,018 105000 SH Shared-Defined 2, 3 Shared
AES CORP - AES Common Stock 130H105 745 20000 SH Shared-Defined 2, 3 Shared
AIRTOUCH STK Common Stock 00949T100 10,822 112000 SH Shared-Defined 2, 3 Shared
ALLERGAN STK Common Stock 18490102 12,742 145000 SH Shared-Defined 2, 3 Shared
ALLIANCE SEMICON Common Stock 01877H100 187 74990 SH Shared-Defined 2, 3 Shared
ALLSTATE CORPORATION Common Stock 20002101 6,078 164000 SH Shared-Defined 2, 3 Shared
ALPHA IND INC Common Stock 020753109 897 50190 SH Shared-Defined 2, 3 Shared
AMBASE CORP Common Stock 23164106 713 306000 SH Shared-Defined 2, 3 Shared
AMER BANKNOTE STK Common Stock 024490104 39 95067 SH Shared-Defined 2, 3 Shared
AMER STORES STK Common Stock 30096101 4,059 123000 SH Shared-Defined 2, 3 Shared
AMER WEST AIR STK Common Stock 23657208 763 40000 SH Shared-Defined 2, 3 Shared
AMERITECH STK Common Stock 30954101 5,788 100000 SH Shared-Defined 2, 3 Shared
AMF BOWLING Common Stock 000031133V 120 30000 SH Shared-Defined 2, 3 Shared
AMP INC Common Stock 31897986 40,529 754900 SH Shared-Defined 2, 3 Shared
AMR COPORATION Common Stock 001765106 293 5000 SH Shared-Defined 2, 3 Shared
ANALOG DEVICES STK Common Stock 32654105 1,041 35000 SH Shared-Defined 2, 3 Shared
ANHEUSER BUSCH STK Common Stock 35229103 23,809 312500 SH Shared-Defined 2, 3 Shared
ANNTAYLOR STORE STK Common Stock 36115103 1,768 40000 SH Shared-Defined 2, 3 Shared
APPLIED MAGNETIC STK Common Stock 38213104 613 146368 SH Shared-Defined 2, 3 Shared
APPLIED MATERIAL Common Stock 38222105 2,159 35000 SH Shared-Defined 2, 3 Shared
APRIA HEALTHCARE GROUP INC. Common Stock 37933108 7,630 642500 SH Shared-Defined 2, 3 Shared
AQUA ALLIANCE INC EXP 03/11/01 Warrants 038367116 161 645661 SH Shared-Defined 2, 3 Shared
<PAGE>
ARCHER DANIELS STK Common Stock 39483102 1,469 100000 SH Shared-Defined 2, 3 Shared
ARMCO STK Common Stock 42170100 369 83050 SH Shared-Defined 2, 3 Shared
ASCEND COMM Common Stock 880323100 5,486 65500 SH Shared-Defined 2, 3 Shared
ASHLAND STK Common Stock 44204105 299 7300 SH Shared-Defined 2, 3 Shared
ASTORIA FIN Common Stock 46265104 798 16000 SH Shared-Defined 2, 3 Shared
ASTRA AB SPONS ADR Common Stock 046298105 3,555 155000 SH Shared-Defined 2, 3 Shared
AT&T STK Common Stock 001957109 7,981 100000 SH Shared-Defined 2, 3 Shared
ATLANTIC RICHFIELD CO STK Common Stock 48825103 730 10000 SH Shared-Defined 2, 3 Shared
ATMEL Common Stock 49513104 463 30600 SH Shared-Defined 2, 3 Shared
AURORA BIO Common Stock 51920106 425 68000 SH Shared-Defined 2, 3 Shared
AUTOBYTEL.COM INC Common Stock 05275N106 835 20000 SH Shared-Defined 2, 3 Shared
AUTOZONE STK Common Stock 53332102 276 9100 SH Shared-Defined 2, 3 Shared
AVIRON Common Stock 053762100 1,009 50000 SH Shared-Defined 2, 3 Shared
AVON PRODUCTS STK Common Stock 54303102 2,353 50000 SH Shared-Defined 2, 3 Shared
BA MERCHANT SVC Common Stock 55239107 652 32000 SH Shared-Defined 2, 3 Shared
BALL STK Common Stock 58498106 469 10000 SH Shared-Defined 2, 3 Shared
BALLARD MEDICAL STK Common Stock 58566100 366 15000 SH Shared-Defined 2, 3 Shared
BANC ONE STK Common Stock 59438101 1,927 35000 SH Shared-Defined 2, 3 Shared
BANK OF NEW YORK STK Common Stock 64057102 3,504 97500 SH Shared-Defined 2, 3 Shared
BANKAMERICA STK Common Stock 66050105 3,284 46500 SH Shared-Defined 2, 3 Shared
BANKERS TRUST NY STK Common Stock 66365107 11,852 134300 SH Shared-Defined 2, 3 Shared
BANYAN SYSTEMS Common Stock 66908104 2,974 245300 SH Shared-Defined 2, 3 Shared
BARRICK GOLD STK Common Stock 67901108 1,066 62500 SH Shared-Defined 2, 3 Shared
BECTON DICKINSON STK Common Stock 75887109 6,705 175000 SH Shared-Defined 2, 3 Shared
BELL ATLANTIC - BEL Common Stock 77853109 2,584 50000 SH Shared-Defined 2, 3 Shared
BLACK & DECKER STK Common Stock 91797100 2,966 53500 SH Shared-Defined 2, 3 Shared
BOA Common Stock 123162109 1,513 55000 SH Shared-Defined 2, 3 Shared
BOEING STK Common Stock 97023105 853 25000 SH Shared-Defined 2, 3 Shared
BROADCAST COM Common Stock 111310108 9,440 80000 SH Shared-Defined 2, 3 Shared
BROOKE GROUP STK Common Stock 112525100 669 43000 SH Shared-Defined 2, 3 Shared
BRYLANE INC Common Stock 117661108 1,067 44000 SH Shared-Defined 2, 3 Shared
C R BARD STK Common Stock 67383109 277 5500 SH Shared-Defined 2, 3 Shared
CALL MER MAY 95 Option 5901889ES 291 750 CALL Shared-Defined 2, 3 Shared
CALL WLA APRIL 70 Option 9344889DN 306 3500 CALL Shared-Defined 2, 3 Shared
CASE STK Common Stock 14743R103 634 25000 SH Shared-Defined 2, 3 Shared
CELLSTAR Common Stock 150925105 167 16050 SH Shared-Defined 2, 3 Shared
CENDANT CORPORATION Common Stock 0001513131 354 22500 SH Shared-Defined 2, 3 Shared
CENTENNIAL HEALTHCARE Common Stock 150937100 2,549 287200 SH Shared-Defined 2, 3 Shared
CHAMPION INTL STK Common Stock 158525105 2,053 50000 SH Shared-Defined 2, 3 Shared
<PAGE>
CHASE MANHATTAN STK Common Stock 16161A108 5,123 63000 SH Shared-Defined 2, 3 Shared
CHEMFIRST INC Common Stock 16361A106 759 32300 SH Shared-Defined 2, 3 Shared
CHINA YUCHAI STK Common Stock 21082105 60 120000 SH Shared-Defined 2, 3 Shared
CHURCH & DWIGHT CO INC Common Stock 171340102 978 24000 SH Shared-Defined 2, 3 Shared
CIGNA STK Common Stock 125509109 1,542 18400 SH Shared-Defined 2, 3 Shared
CIRCUIT CITY STR STK Common Stock 172737108 1,916 25000 SH Shared-Defined 2, 3 Shared
CIRCUS CIRCUS STK Common Stock 172909103 351 20000 SH Shared-Defined 2, 3 Shared
CITIGROUP -(NEW TICKER 'C') Common Stock 172967101 8,224 128750 SH Shared-Defined 2, 3 Shared
CNA FINANCIAL STK Common Stock 126117100 2,593 66800 SH Shared-Defined 2, 3 Shared
COLTEC INDS STK Common Stock 196879100 1,519 83500 SH Shared-Defined 2, 3 Shared
COMDISCO STK Common Stock 200336105 447 25000 SH Shared-Defined 2, 3 Shared
COMPAQ COMPUTER - CPQ Common Stock 204493100 2,598 82000 SH Shared-Defined 2, 3 Shared
CONCENTRA MANAGED CARE INC Common Stock 20589T103 1,088 75000 SH Shared-Defined 2, 3 Shared
CONSECO STK Common Stock 208464107 772 25000 SH Shared-Defined 2, 3 Shared
CORAM HLTHCARE STK Common Stock 218103109 944 487169 SH Shared-Defined 2, 3 Shared
COUNTRYWIDE CR STK Common Stock 222372104 1,031 27500 SH Shared-Defined 2, 3 Shared
CROMPTON & KNOWL STK Common Stock 227111101 1,575 100000 SH Shared-Defined 2, 3 Shared
CVRD CIA VALE DO RIO DOCE ADR Common Stock 204412100 713 50000 SH Shared-Defined 2, 3 Shared
CYMER INC Common Stock 232572107 445 22379 SH Shared-Defined 2, 3 Shared
CYTOCLONAL PHARMACEUTICALS Common Stock 23282G105 84 10000 SH Shared-Defined 2, 3 Shared
DAN RIVER INC Common Stock 235774106 111 13091 SH Shared-Defined 2, 3 Shared
DATA BROADCAST STK Common Stock 237596101 1,179 85000 SH Shared-Defined 2, 3 Shared
DAYTON HUDSON STK Common Stock 239753106 1,666 25000 SH Shared-Defined 2, 3 Shared
DBS INDUSTRIES Common Stock 233041300 120 24500 SH Shared-Defined 2, 3 Shared
DBS OPTION FINLAYSON FEB 4 1C Option 8,531 8750 PUT Shared-Defined 2, 3 Shared
DELIA*S INC Common Stock 246885107 390 12415 SH Shared-Defined 2, 3 Shared
DELTA & PINE LAND CO Common Stock 247357106 615 20000 SH Shared-Defined 2, 3 Shared
DELTA AIRLINES STK Common Stock 247361108 2,978 42850 SH Shared-Defined 2, 3 Shared
DEVON ENERGY STK Common Stock 251799102 2,756 100000 SH Shared-Defined 2, 3 Shared
DII GROUP INC Common Stock 232949107 2,407 82300 SH Shared-Defined 2, 3 Shared
DOLLAR TREE STORES INC Common Stock 256747106 243 7900 SH Shared-Defined 2, 3 Shared
EAGLE HARDWARE (QA) Common Stock 26959B101 8,913 233400 SH Shared-Defined 2, 3 Shared
EARTHWEB INC Common Stock 27032C108 1,200 22000 SH Shared-Defined 2, 3 Shared
EBAY INC Common Stock 278642103 824 6000 SH Shared-Defined 2, 3 Shared
EDISON BROTHERS STORES INC Common Stock 280875303 28 296538 SH Shared-Defined 2, 3 Shared
ELI LILLY & COMPANY STK Common Stock 532457108 9,761 115000 SH Shared-Defined 2, 3 Shared
ENERSIS S A - ENI Common Stock 29274F104 670 25000 SH Shared-Defined 2, 3 Shared
ENRON OIL & GAS STK Common Stock 293562104 228 13700 SH Shared-Defined 2, 3 Shared
ESENJAY EXPLORATION Common Stock 296426109 85 67776 SH Shared-Defined 2, 3 Shared
<PAGE>
ETEC SYSTEMS INC Common Stock 26922C103 221 7500 SH Shared-Defined 2, 3 Shared
EVEREST REINSURANCE Common Stock 299808105 1,285 41200 SH Shared-Defined 2, 3 Shared
EW SCRIPPS STK Common Stock 811039106 1,106 25000 SH Shared-Defined 2, 3 Shared
EXCITE INC Common Stock 300904109 3,192 22800 SH Shared-Defined 2, 3 Shared
EXECUTONE INFO SYS Common Stock 301607107 237 66000 SH Shared-Defined 2, 3 Shared
EXEL STK Common Stock G3242A102 10,510 173000 SH Shared-Defined 2, 3 Shared
FED DEPT STRS STK Common Stock 31410H101 1,204 30000 SH Shared-Defined 2, 3 Shared
FEDERAL HOME LN STK Common Stock 313400301 15,424 270000 SH Shared-Defined 2, 3 Shared
FIRST USA PAYMENTECH Common Stock 704384106 1,545 65400 SH Shared-Defined 2, 3 Shared
FMC CORP NEW Common Stock 302491303 2,963 60000 SH Shared-Defined 2, 3 Shared
FOOTSTAR INC Common Stock 344912100 2,221 69400 SH Shared-Defined 2, 3 Shared
FOREST LABS STK Common Stock 345838106 3,946 70000 SH Shared-Defined 2, 3 Shared
FRANCHISE MORTGAGE ACCEP Common Stock 35181D108 689 95000 SH Shared-Defined 2, 3 Shared
FRANKLIN ELECTRONICS Common Stock 353515109 486 81010 SH Shared-Defined 2, 3 Shared
FRED MEYER STK Common Stock 593098106 11,069 188000 SH Shared-Defined 2, 3 Shared
FREMONT GENERAL - FMT Common Stock 357288109 578 30300 SH Shared-Defined 2, 3 Shared
GEOCITIES Common Stock 37247V106 877 8000 SH Shared-Defined 2, 3 Shared
GEON STK Common Stock 37246W105 2,719 119500 SH Shared-Defined 2, 3 Shared
GET CHELL GOLD CORP Common Stock 371532102 6,777 258800 SH Shared-Defined 2, 3 Shared
GRASIM INDU PARTNOTE Common Stock 388706301 92 25000 SH Shared-Defined 2, 3 Shared
GTECH HLDGS STK Common Stock 400518106 1,336 54800 SH Shared-Defined 2, 3 Shared
GUCCI GROUP - GUC Common Stock 401566104 233 2900 SH Shared-Defined 2, 3 Shared
HANOVER DIRECT INC Common Stock 410783104 2,166 770000 SH Shared-Defined 2, 3 Shared
HEALTH MGMT STK Common Stock 421933102 305 25000 SH Shared-Defined 2, 3 Shared
HEALTHSOURCE STK Common Stock 42221E104 120 37500 SH Shared-Defined 2, 3 Shared
HELIX TECHNOLOGY INC Common Stock 423319102 514 33700 SH Shared-Defined 2, 3 Shared
HELMERICH STK Common Stock 423452101 454 20000 SH Shared-Defined 2, 3 Shared
HEWLETT PACKARD STK Common Stock 428236103 1,343 19800 SH Shared-Defined 2, 3 Shared
HJ HEINZ STK Common Stock 423074103 5,448 115000 SH Shared-Defined 2, 3 Shared
HOLLYWOOD ENTER Common Stock 436141105 12,162 653000 SH Shared-Defined 2, 3 Shared
IBP STK Common Stock 449223106 2,235 120000 SH Shared-Defined 2, 3 Shared
ICN PHARMS STK Common Stock 448924100 3,814 151500 SH Shared-Defined 2, 3 Shared
IDEC PHARMACEUTICAL Common Stock 449370105 8,210 160000 SH Shared-Defined 2, 3 Shared
IDT CORP Common Stock 448947101 749 41600 SH Shared-Defined 2, 3 Shared
IMMUNE RESPONSE CORP Common Stock 45252T106 980 112800 SH Shared-Defined 2, 3 Shared
IMP CHEMICAL - ICI Common Stock 425704505 3,581 100000 SH Shared-Defined 2, 3 Shared
INAMED CORP Common Stock 453235103 2,009 154500 SH Shared-Defined 2, 3 Shared
INTER HLTH SVCS STK Common Stock 45812C106 55 10000 SH Shared-Defined 2, 3 Shared
INTERSTATE NATIONAL DEALERS Common Stock 46102P104 1,894 261200 SH Shared-Defined 2, 3 Shared
<PAGE>
INTERVU INC Common Stock 46114R106 443 10000 SH Shared-Defined 2, 3 Shared
INTEST CORP Common Stock 46147100 490 85300 SH Shared-Defined 2, 3 Shared
INTL GAME TECH STK Common Stock 459902102 6,189 425000 SH Shared-Defined 2, 3 Shared
INTL PAPER STK Common Stock 460146103 1,266 30000 SH Shared-Defined 2, 3 Shared
INTROGEN THERAPEUTICS INC. Common Stock 46119F107 289 28901 SH Shared-Defined 2, 3 Shared
IVILAGE INC Common Stock 46588H105 501 5000 SH Shared-Defined 2, 3 Shared
IXC COMMUNICATIONS Common Stock 450713106 239 5200 SH Shared-Defined 2, 3 Shared
J D EDWARDS Common Stock 0002816671 448 37500 SH Shared-Defined 2, 3 Shared
JEFFERIES GROUP INC Common Stock 472318104 6,148 129600 SH Shared-Defined 2, 3 Shared
JP MORGAN STK Common Stock 616880100 1,234 10000 SH Shared-Defined 2, 3 Shared
KELLOGG STK Common Stock 487836108 2,029 60000 SH Shared-Defined 2, 3 Shared
KING WORLD STK Common Stock 495667107 840 27500 SH Shared-Defined 2, 3 Shared
KLA INSTRUMENTS Common Stock 482480100 2,438 50200 SH Shared-Defined 2, 3 Shared
KUSHER LOCKE CO Common Stock 501337109 1,564 101300 SH Shared-Defined 2, 3 Shared
LAB CP OF AMER STK Common Stock 50540R102 6,431 3675000 SH Shared-Defined 2, 3 Shared
LAMAR ADVERTISING CO CL A Common Stock 512815101 244 7200 SH Shared-Defined 2, 3 Shared
LEARNING CO Common Stock 522008101 2,929 101000 SH Shared-Defined 2, 3 Shared
LEVEL ONE COMMUNICATIONS Common Stock 527295109 8,670 178300 SH Shared-Defined 2, 3 Shared
LINCARE HOLD Common Stock 532791100 702 25000 SH Shared-Defined 2, 3 Shared
LOCKHEED MARTIN STK Common Stock 539830109 942 25000 SH Shared-Defined 2, 3 Shared
LOEWS STK Common Stock 540424108 1,866 25000 SH Shared-Defined 2, 3 Shared
LORAL - LOR Common Stock 543859102 1,307 90500 SH Shared-Defined 2, 3 Shared
LTV STK Common Stock 501921100 242 45000 SH Shared-Defined 2, 3 Shared
LYONDELL STK Common Stock 552078107 657 48000 SH Shared-Defined 2, 3 Shared
MARRIOTT STK Common Stock 571900109 434 12900 SH Shared-Defined 2, 3 Shared
MATTEL STK Common Stock 577081102 3,527 141800 SH Shared-Defined 2, 3 Shared
MEDIALINK WW Common Stock 58445P105 303 24200 SH Shared-Defined 2, 3 Shared
MEDPARTNERS/MULLIKIN Common Stock 584968101 2,497 525750 SH Shared-Defined 2, 3 Shared
MELLON BANK STK Common Stock 585509102 4,574 65000 SH Shared-Defined 2, 3 Shared
MERC BANCORP STK Common Stock 587342106 808 17000 SH Shared-Defined 2, 3 Shared
MERISEL INC Common Stock 589849108 106 78680 SH Shared-Defined 2, 3 Shared
MERITOR SAVINGS BANK Common Stock 59000710 50 19370 SH Shared-Defined 2, 3 Shared
MERRILL LYNCH & CO STK Common Stock 590188108 6,191 70000 SH Shared-Defined 2, 3 Shared
MESA AIR GROUP Common Stock 590479101 184 30000 SH Shared-Defined 2, 3 Shared
MICRO LINEAR CORP Common Stock 594850109 117 29250 SH Shared-Defined 2, 3 Shared
MICRON TECH STK Common Stock 595112103 3,749 77700 SH Shared-Defined 2, 3 Shared
MINDSPRING ENTERPRISES INC Common Stock 602683104 430 5000 SH Shared-Defined 2, 3 Shared
MINNESOTA MINING Common Stock 604059105 2,469 34900 SH Shared-Defined 2, 3 Shared
MKS INSTRUMENTS INC Common Stock 55306N104 268 20000 SH Shared-Defined 2, 3 Shared
<PAGE>
MMC NETWORK Common Stock 55308N102 457 28580 SH Shared-Defined 2, 3 Shared
MODA CAD INC Common Stock 60749P104 2,629 219050 SH Shared-Defined 2, 3 Shared
MONSANTO STK Common Stock 611662107 5,742 125000 SH Shared-Defined 2, 3 Shared
MOTO GUIZA CORP- CL A Common Stock 619819105 457 55400 SH Shared-Defined 2, 3 Shared
MOTOROLA STK Common Stock 620076109 8,270 112900 SH Shared-Defined 2, 3 Shared
NAMIBIAN MINERALS CORP Common Stock 629913104 452 164416 SH Shared-Defined 2, 3 Shared
NATWIDE FINL Common Stock 638612101 1,050 25000 SH Shared-Defined 2, 3 Shared
NAVISTAR STK Common Stock 63934E108 3,034 75500 SH Shared-Defined 2, 3 Shared
NETWORK EVENT THEATER INC Common Stock 640924106 1,124 89000 SH Shared-Defined 2, 3 Shared
NEW DIMENSION SOFTWARE Common Stock 74295102 519 10000 SH Shared-Defined 2, 3 Shared
NEWBRIDGE NET STK Common Stock 650901101 11,340 365800 SH Shared-Defined 2, 3 Shared
NEWPARK RESOURCES INC (NEW) Common Stock 651718504 145 20000 SH Shared-Defined 2, 3 Shared
NORTHWEST AIR STK Common Stock 667280101 416 15000 SH Shared-Defined 2, 3 Shared
NOVELLUS SYSTEMS INC. Common Stock 670008101 2,063 37500 SH Shared-Defined 2, 3 Shared
NUCOR CORP Common Stock 670346105 881 20000 SH Shared-Defined 2, 3 Shared
OEX APR 99 635P Option 928 1400 PUT Shared-Defined 2, 3 Shared
OLIN STK Common Stock 680665205 397 39500 SH Shared-Defined 2, 3 Shared
ONEITA INC Common Stock 682655105 407 5811987 SH Shared-Defined 2, 3 Shared
OSI PHARMACEUTICAL Common Stock 0006710401 294 60000 SH Shared-Defined 2, 3 Shared
PACIFIC SUNWEAR OF CALIF Common Stock 694873100 1,731 50000 SH Shared-Defined 2, 3 Shared
PARK PLACE ENTERTAINMENT CORP Common Stock 700690100 3,403 450000 SH Shared-Defined 2, 3 Shared
PEAK INTL LTD Common Stock 69586108 24 11250 SH Shared-Defined 2, 3 Shared
PEGASUS COMMUNICATIONS CORP Common Stock 705904100 279 10000 SH Shared-Defined 2, 3 Shared
PEOPLESOFT INC COM Common Stock 712713106 1,463 100000 SH Shared-Defined 2, 3 Shared
PEPSI BOTTLING GROUP INC Common Stock 713409100 11,842 546000 SH Shared-Defined 2, 3 Shared
PEPSICO STK Common Stock 713448108 5,878 150000 SH Shared-Defined 2, 3 Shared
PHARMERICA INC Common Stock 14066N101 3,362 672350 SH Shared-Defined 2, 3 Shared
PHILIP MORRIS STK Common Stock 718154107 1,671 47500 SH Shared-Defined 2, 3 Shared
PHOTON DYNAMICS INC Common Stock 719364101 1,292 164115 SH Shared-Defined 2, 3 Shared
PLATIMUM TEC - PLAT Common Stock 72764T101 3,023 119120 SH Shared-Defined 2, 3 Shared
PP & L RESOURCES STK Common Stock 693499105 4,517 182500 SH Shared-Defined 2, 3 Shared
PROSPECT STREET - PHY Common Stock 743586406 1,019 114000 SH Shared-Defined 2, 3 Shared
PROXIM INC Common Stock 744284100 1,503 52500 SH Shared-Defined 2, 3 Shared
PULITZER INC. (SPLIT 3/19) Common Stock 745771105 202 5000 SH Shared-Defined 2, 3 Shared
PUT AOL APR 217 Option 14,453 2000 PUT Shared-Defined 2, 3 Shared
PUT IUU APR 87.5 Option 452528PFK 260 400 PUT Shared-Defined 2, 3 Shared
PUT RUZ APRIL 400 Option P40099RUZ 525 600 PUT Shared-Defined 2, 3 Shared
PUT ZD APR 34 Option 9895118DG 1,891 2000 PUT Shared-Defined 2, 3 Shared
<PAGE>
QUICKTURN DES Common Stock 74838E102 2,487 176100 SH Shared-Defined 2, 3 Shared
QUINTEL ENTERTAINMENT INC Common Stock 748762101 166 189500 SH Shared-Defined 2, 3 Shared
RALSTON RALSTON STK Common Stock 751277302 7,395 277100 SH Shared-Defined 2, 3 Shared
RARE MEDIUM GROUP INC Common Stock 449238203 1,847 394000 SH Shared-Defined 2, 3 Shared
RAYCHEM STK Common Stock 754603108 634 28100 SH Shared-Defined 2, 3 Shared
RED LION HOTELS INC Common Stock 756701108 586 29500 SH Shared-Defined 2, 3 Shared
RELTEC CORP Common Stock 759527104 294 10000 SH Shared-Defined 2, 3 Shared
REPUBLIC FIRST BANKCORP INC Common Stock 760416107 89 10000 SH Shared-Defined 2, 3 Shared
REYNOLDS METALS STK Common Stock 761763101 1,208 25000 SH Shared-Defined 2, 3 Shared
Rogers Communications Inc. Common Stock 775109200 1,813 100000 SH Shared-Defined 2, 3 Shared
ROHM & HAAS STK Common Stock 775371107 2,703 80550 SH Shared-Defined 2, 3 Shared
ROSLYN BANCORP INC Common Stock 778162107 608 36000 SH Shared-Defined 2, 3 Shared
ROWECOM INC Common Stock 77957X108 545 12500 SH Shared-Defined 2, 3 Shared
ROYAL OLYMPIC CRUISE LINES Common Stock 7780Z109 1,167 333500 SH Shared-Defined 2, 3 Shared
RYDER SYSTEM STK Common Stock 783549108 428 15500 SH Shared-Defined 2, 3 Shared
SAFEGUARD SCIENT STK Common Stock 786449108 1,017 15000 SH Shared-Defined 2, 3 Shared
SAFEWAY - SWY Common Stock 786514208 641 12500 SH Shared-Defined 2, 3 Shared
SAKS HOLDINGS Common Stock 79377R109 2,600 100000 SH Shared-Defined 2, 3 Shared
SBC COMMS STK Common Stock 783876103 9,425 200000 SH Shared-Defined 2, 3 Shared
SCIENT ATLANTA STK Common Stock 808655104 229 8400 SH Shared-Defined 2, 3 Shared
SEMTECH CORP Common Stock 816850101 478 15000 SH Shared-Defined 2, 3 Shared
SFX ENTERTAINMENT INC-CL A Common Stock 784178105 3,551 55000 SH Shared-Defined 2, 3 Shared
SGS THOMSON MICR STK Common Stock 784213100 1,020 10500 SH Shared-Defined 2, 3 Shared
SKYEPHARMA PLC Common Stock 830808119 708 74561 SH Shared-Defined 2, 3 Shared
SNYDER STK Common Stock 833482102 2,810 189700 SH Shared-Defined 2, 3 Shared
SOLUTIA INC Common Stock 834376105 1,824 105000 SH Shared-Defined 2, 3 Shared
SONAT STK Common Stock 835415100 1,500 50000 SH Shared-Defined 2, 3 Shared
SOVEREIGN BANCORP Common Stock 845905108 2,770 226100 SH Shared-Defined 2, 3 Shared
SPELLING STK Common Stock 847807104 525 60000 SH Shared-Defined 2, 3 Shared
ST JOHN KNITS Common Stock 790289102 3,814 144600 SH Shared-Defined 2, 3 Shared
STAPLES INC Common Stock 855030102 3,288 100000 SH Shared-Defined 2, 3 Shared
STORER COMMUNICATION - CL A Common Stock 862131109 4,661 157320 SH Shared-Defined 2, 3 Shared
STRAWBRIDGE A Common Stock 863200101 0 32861 SH Shared-Defined 2, 3 Shared
SUIZA FOODS CORP Common Stock 865077101 1,934 57400 SH Shared-Defined 2, 3 Shared
SUNGLASS HUT INT'L INC Common Stock 86736F106 1,872 179300 SH Shared-Defined 2, 3 Shared
SYMANTEC CORP Common Stock 871503108 2,102 124130 SH Shared-Defined 2, 3 Shared
SYSTEM SOFTWARE ASSOC INC Common Stock 871839106 86 37500 SH Shared-Defined 2, 3 Shared
TANDY STK Common Stock 875382103 1,117 17500 SH Shared-Defined 2, 3 Shared
TCI MUSIC INC Common Stock 87229N101 353 70500 SH Shared-Defined 2, 3 Shared
<PAGE>
TEKELEC Common Stock 879101103 165 22500 SH Shared-Defined 2, 3 Shared
TELECOM ITALIA SPA ADR Common Stock 87927W106 386 3700 SH Shared-Defined 2, 3 Shared
TELESP PARTICIPACOES SA-ADR Common Stock 87952K100 351 17000 SH Shared-Defined 2, 3 Shared
TELXON CORP Common Stock 879700102 171 18200 SH Shared-Defined 2, 3 Shared
TENNECO STK Common Stock 880370101 9,468 338900 SH Shared-Defined 2, 3 Shared
TERADYNE STK Common Stock 880770102 1,364 25000 SH Shared-Defined 2, 3 Shared
TIG HOLDINGS STK Common Stock 872469101 4,535 278000 SH Shared-Defined 2, 3 Shared
TLC BEATRICE INTL HLDGS INC Common Stock 872542105 3,349 74000 SH Shared-Defined 2, 3 Shared
TODAYS MAN INC NEW Common Stock 888910205 1,120 874624 SH Shared-Defined 2, 3 Shared
TOMMY HILFIGER STK Common Stock G8915Z102 3,788 55000 SH Shared-Defined 2, 3 Shared
TRANSAMERICA CORP STK Common Stock 893485102 3,948 55600 SH Shared-Defined 2, 3 Shared
TRANSOCEAN OFFSHORE STK Common Stock 893817106 1,585 55000 SH Shared-Defined 2, 3 Shared
TWINLAB CORP Common Stock 901774109 137 14800 SH Shared-Defined 2, 3 Shared
TYCO INTL - TYC Common Stock 902120104 14,759 205700 SH Shared-Defined 2, 3 Shared
ULTRAMAR DIAMOND Common Stock 904000106 3,244 150000 SH Shared-Defined 2, 3 Shared
UNION CARBIDE STK Common Stock 905581104 2,259 50000 SH Shared-Defined 2, 3 Shared
UNISYS STK Common Stock 909214108 864 31200 SH Shared-Defined 2, 3 Shared
UNITED INT'L HOLDINGS CL A Common Stock 910734102 5,623 130000 SH Shared-Defined 2, 3 Shared
UNOVA INC Common Stock 91529B106 4,142 314100 SH Shared-Defined 2, 3 Shared
URBAN OUTFITTERS Common Stock 917047102 1,406 100000 SH Shared-Defined 2, 3 Shared
US FILTER STK Common Stock 911843209 6,094 199000 SH Shared-Defined 2, 3 Shared
US INDUSTRIES INC Common Stock 912080108 528 32100 SH Shared-Defined 2, 3 Shared
USA NETWORKS INC Common Stock 902984103 268 7500 SH Shared-Defined 2, 3 Shared
USD EUR 1054 ONE TOUCH 5/27/99 Option 125 500000 PUT Shared-Defined 2, 3 Shared
USX US STEEL STK Common Stock 90337T101 470 20000 SH Shared-Defined 2, 3 Shared
VALUEVISION INTL - CLASS A Common Stock 92047K107 123 10000 SH Shared-Defined 2, 3 Shared
VARIAN SEMICONDUCTOR EQUIP Common Stock 922207105 1,617 125000 SH Shared-Defined 2, 3 Shared
VIALOG CORP Common Stock 92552X106 103 25000 SH Shared-Defined 2, 3 Shared
VIDEO UPDATE INC-CL A Common Stock 92657V104 338 400000 SH Shared-Defined 2, 3 Shared
VIROPHARMA INC Common Stock 928241108 78 12500 SH Shared-Defined 2, 3 Shared
VISHAY INTERTECH STK Common Stock 928298108 491 33750 SH Shared-Defined 2, 3 Shared
WARNACO STK Common Stock 934390105 3,456 140000 SH Shared-Defined 2, 3 Shared
WARNER LAMBERT - WLA Common Stock 934488107 77,158 1165750 SH Shared-Defined 2, 3 Shared
WELLMAN STK Common Stock 949702104 3,044 342950 SH Shared-Defined 2, 3 Shared
WENDYS STK Common Stock 950590109 1,520 53450 SH Shared-Defined 2, 3 Shared
WESTVACO STK Common Stock 961548104 4,200 200000 SH Shared-Defined 2, 3 Shared
WHITE PINE SFTW Common Stock 964347108 33 10000 SH Shared-Defined 2, 3 Shared
WHITMAN STK Common Stock 96647K102 602 35000 SH Shared-Defined 2, 3 Shared
WHITTAKER CORP Common Stock 966680407 421 19200 SH Shared-Defined 2, 3 Shared
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WILLIAMS SONOMA Common Stock 969904101 2,825 100000 SH Shared-Defined 2, 3 Shared
WITCO STK Common Stock 977385103 3,226 254300 SH Shared-Defined 2, 3 Shared
XYLAN Common Stock 984151100 3,707 100700 SH Shared-Defined 2, 3 Shared
YAHOO INC Common Stock 984332106 3,700 22000 SH Shared-Defined 2, 3 Shared
YPF SOCIEDAD - YPF Common Stock 984245100 3,630 115000 SH Shared-Defined 2, 3 Shared
ZIFF DAVIS Common Stock 989511100 4,515 210000 SH Shared-Defined 2, 3 Shared
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