UNITED STATES
S ECU RITIES AND EXCHANGE COMMISION
W ashington, D.C. 20549
FORM 13F COVER PAGE
Report far Year or Quarter Ended March 31, 1999
Check hent [ ]; Amendment Number:
This Ameon ly one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutent Manager Filing this Report:
Name: tor s, LLC
Address:ton Avenue
45th Flo or
New T own , NY 10174
13F File-62 06
The instest ment manager filing this report and the
person bsig ned hereby represent that the person
signing au thorized to submit it, that all
informathe rein is true, correct and complete, and
that it th at all required items, statements,
scheduleta bles, are considered intergral parts of
this form.
Person Sepo rt on Behalf of Reporting Manager:
Name: ew C. Tesoriero
Title: CFO
Phone: 212-599-4200
SignaturDa te of Signing:
Bartholosor iero New York, New York May 15, 1999
Report Tly one.):
[ X ] OLD INGS REPORT.
[ ] OTI CE.
[ ] OMB INATION REPORT.
List of s R eporting for this Manager: None
I AM SIGORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number oded Managers: None
Form 13FTab le Entry Total: 72
Form 13FTab le Value Total: $309,553,469.
List of d M anagers: None
No. 13r Name
01
02
03
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FORM 13F
FOR TDED March 31, 1999 (SEC USE ONLY)
NAMEMA NAGER: TQA INVESTORS, L.L.C.
Item 1: tem 3: Item 4: Item 5: Item 6: Investment Discression Item 7: Item 8: Voting Authority
Name of e o f Class CUSIP Fair Market Shares or (a) Sole (b) Shared (c) Shared - Managers (a) Sole (b) Shared (c) None
NuPri ncipal as Defined Other See
n I nstr. V Instr. V
AMER RET/02 STOCK 028913AA9 921,150 1,335,000 1,335,000 1,335,000
APARTMEN S TOCK 03748R705 502,425 20,300 20,300 20,300
ATRIX 7%STO CK 04962LAA9 2,295,125 3,050,000 3,050,000 3,050,000
AVIRON 5 S TOCK 053762AA8 4,590,000 4,500,000 4,500,000 4,500,000
AVIRON 5STO CK 053762AC4 1,224,000 1,200,000 1,200,000 1,200,000
BANK OF SHI ADR DEBT 065379109 267,900 18,800 18,800 18,800
BANKATLA1/0 6 STOCK 065908AB1 856,800 1,020,000 1,020,000 1,020,000
BANKATLA2/1 /07 STOCK 065908AC9 571,560 866,000 866,000 866,000
CNET INC S TOCK 125945AA3 9,049,350 6,100,000 6,100,000 6,100,000
CNET INCSTO CK 125945AC9 222,525 150,000 150,000 150,000
CALLON PCVP STOCK 13123X201 987,000 35,000 35,000 35,000
CEPHALON2/3 1/49 T STOCK 156708307 7,607,600 70,000 70,000 70,000
CHECKPOI1-0 5 T STOCK 162825AA1 137,000 200,000 200,000 200,000
CIRRUS L15- 03 T STOCK 172755AA8 2,137,500 2,250,000 2,250,000 2,250,000
CIRRUS L/03 STOCK 172755AC4 4,117,300 4,334,000 4,334,000 4,334,000
CITIZENSUST 5% STOCK 177351202 3,584,700 56,900 56,900 56,900
COMPUCOM DE BT 204780100 71,250 10,000 10,000 10,000
DRS TECH0/1 /03 STOCK 23330XAB6 226,000 200,000 200,000 200,000
DATAWAREIN C DEBT 237920103 66,600 7,400 7,400 7,400
DOUBLECL5/0 6 T STOCK 258609AA4 10,296,000 4,400,000 4,400,000 4,400,000
ECHOSTAR49 CVP STOCK 278762307 110,194,000 85,000 85,000 85,000
EMCOR GR/05 STOCK 29084QAC4 3,290,000 3,500,000 3,500,000 3,500,000
FAMILY G/15 /04 STOCK 30701AAC0 325,000 1,250,000 1,250,000 1,250,000
D WTS FE12/ 19/01 WARRANT 31410H127 857,000 50,000 50,000 50,000
FINOVA F-31 -16CVP STOCK 31808E207 1,498,125 42,500 42,500 42,500
FIRST UN12/ 49 CVP STOCK 337400303 1,136,000 56,800 56,800 56,800
GENERAL STO CK 369487103 533,364 57,661 57,661 57,661
GENESCO T STOCK 371532AK8 3,788,700 4,380,000 4,380,000 4,380,000
HMT TECH1/1 5/04 STOCK 403917AD9 800,000 2,000,000 2,000,000 2,000,000
HEXCEL C S TOCK 428291AA6 2,294,750 3,425,000 3,425,000 3,425,000
HOMEBASE04 T STOCK 43738EAA6 1,894,750 3,575,000 3,575,000 3,575,000
HOMEBASE1/1 /04 STOCK 43738EAB4 1,055,230 1,991,000 1,991,000 1,991,000
HUTCHINS3/1 5/05 STOCK 448407AC0 4,620,000 6,000,000 6,000,000 6,000,000
I-FLOW CEBT 449520303 57,500 10,000 10,000 10,000
IMAX COR03 T STOCK 45245EAC3 4,034,925 3,555,000 3,555,000 3,555,000
ITRON IN1/0 4 STOCK 465741AC0 669,375 1,071,000 1,071,000 1,071,000
KELLSTRO03 STOCK 488035AE6 542,500 1,000,000 1,000,000 1,000,000
LSI LOGI04 T STOCK 502161AB8 8,644,125 1,850,000 1,850,000 1,850,000
LSI LOGI04 STOCK 502161AD4 9,345,000 2,000,000 2,000,000 2,000,000
MEDICAL NE W DEBT 58461U103 176,940 4,915 4,915 4,915
OAK INDU3/ 1/08 T STOCK 671400AJ8 6,300,000 1,500,000 1,500,000 1,500,000
PENN TRE-1- 03 T STOCK 707874AA1 1,228,500 1,575,000 1,575,000 1,575,000
PENN TRE/01 /03 STOCK 707874AC7 1,521,000 1,950,000 1,950,000 1,950,000
PERSONNE7/ 1/04 STOCK 715338AE9 1,340,000 2,000,000 2,000,000 2,000,000
PETSMART1/1 /04 T STOCK 716768AA4 2,028,825 3,195,000 3,195,000 3,195,000
PROLOGISD STOCK 743410300 1,075,800 44,000 44,000 44,000
PSINET 1% C VP STOCK 74437C309 937,500 15,000 15,000 15,000
QUADRAME/05 STOCK 74730WAC5 1,914,000 4,400,000 4,400,000 4,400,000
QUINTILE00 REG STOCK 748767AC4 3,000,000 3,000,000 3,000,000 3,000,000
RECKSON 49 CVP STOCK 75621K205 4,143,900 218,100 218,100 218,100
RES CARE/01 /04 T STOCK 760943AA8 580,000 1,000,000 1,000,000 1,000,000
RES CARE1/0 4 STOCK 760943AC4 147,900 255,000 255,000 255,000
SABRATEK ST OCK 78571UAA6 392,000 1,400,000 1,400,000 1,400,000
SEALED ACVP STOCK 81211K209 15,543,900 300,000 300,000 300,000
SENSORMA1/4 9CVP T STOCK 817265200 4,549,375 145,000 145,000 145,000
SEPRACOR05 T STOCK 817315AC8 4,882,018 1,565,000 1,565,000 1,565,000
SEPRACOR5 STOCK 817315AE4 19,294,108 6,185,000 6,185,000 6,185,000
SEPRACORT STOCK 817315AF1 11,506,250 8,750,000 8,750,000 8,750,000
SINCLAIR31/ 49 CVP STOCK 829226505 2,462,100 84,900 84,900 84,900
SPACEHAB7 STOCK 846243AA1 396,000 600,000 600,000 600,000
SPORTS A9/1 5/01 STOCK 849176AC6 525,000 750,000 750,000 750,000
SYSTEM S02 STOCK 871839AA4 138,600 420,000 420,000 420,000
TELEFONO% 6 /15/04 STOCK 879403AD5 7,731,250 5,000,000 5,000,000 5,000,000
THERMOQU0 T STOCK 883655AA0 1,000,000 1,000,000 1,000,000 1,000,000
TOWER AU/01 /04 STOCK 891707AE1 4,068,750 4,650,000 4,650,000 4,650,000
WORLD CO7 STOCK 981443AA2 5,413,250 5,900,000 5,900,000 5,900,000
DETECTIO D EBT 250644101 48,438 5,000 5,000 5,000
FOILMARK 3 44185103 37,500 10,000 10,000 10,000
LORAL SP% C VP STOCK G56462149 1,625,000 50,000 50,000 50,000
GLOBECOM. DEBT 37956X103 133,438 5,000 5,000 5,000
INVISION D EBT 461851107 33,125 5,000 5,000 5,000
MERIT ME D EBT 589889104 46,875 5,000 5,000 5,000
GR309 ,704,719
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