UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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: TQA Investors, LLC
Address: 405 Lexington Avenue
45th Floor
New Town, NY 10174
13F File Number: 28-6206
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 intergral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Bartholomew C. Tesoriero
Title: CFO
Phone: 212-599-4200
Signature, Place, and Date of Signing:
Bartholomew C. Tesoriero New York, New York November 10, 2000
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 101
Form 13F Information Table Value Total: $370,016,293.
List of Other Included Managers: None
No. 13F File Number Name
01
02
03
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FORM 13F
FOR THE QUARTER ENDED September 30, 2000 (SEC USE ONLY)
NAME OF REPORTING MANAGER: TQA INVESTORS, L.L.C.
Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Investment Discression Item 7: Item 8: Voting Authority
Name of Issuer Title of Class CUSIP Fair Market Shares or (a) Sole (b) Shared (c) Shared - Managers (a) Sole (b) Shared (c) None
Number Value Principal as Defined Other See
Amount in Instr. V Instr. V
ACT MANUFACTURING 7% 4/15/07 T DEBT 000973AA5 3,254,750 2,350,000 2,350,000 2,350,000
AES 4.5% 8/15/05 DEBT 00130HAN5 3,866,250 1,500,000 1,500,000 1,500,000
AMCV CAP TRUST 7% 2/15/15 CVP STOCK 001648203 672,000 20,000 20,000 20,000
ACTIVISION INC 6.75% 01/01/05 DEBT 004930AC7 2,337,500 2,500,000 2,500,000 2,500,000
AFFIL. COMPUTER 4% 3/15/05 DEBT 008190AD2 2,810,500 2,200,000 2,200,000 2,200,000
ALPHARMA INC. 5.75% 4/1/05 DEBT 020813AB7 858,400 400,000 400,000 400,000
ALPHARMA 3% 06/01/06 DEBT 020813AD3 3,910,000 2,000,000 2,000,000 2,000,000
AMERICA ONLINE 0% 12/06/19 DEBT 02364JAC8 7,620,000 15,000,000 15,000,000 15,000,000
AMERICAN TOWER 6.25% 10/15/09T DEBT 029912AA0 423,125 250,000 250,000 250,000
AMERICAN TOWER 5% 02/15/10 T DEBT 029912AE2 283,500 300,000 300,000 300,000
EXCITE@HOME 4.75% 12/15/06 T DEBT 045919AD9 5,719,636 8,450,000 8,450,000 8,450,000
ATRIX 7% 12/01/04 T DEBT 04962LAA9 2,867,000 3,050,000 3,050,000 3,050,000
AVIRON 5.75% 4/1/05 T DEBT 053762AA8 8,625,600 4,500,000 4,500,000 4,500,000
AVIRON 5.75% 4/1/05 DEBT 053762AC4 2,300,160 1,200,000 1,200,000 1,200,000
BANKATLANTIC 5.625% 12/1/07 DEBT 065908AC9 130,000 200,000 200,000 200,000
BEA SYSTEMS 4% 12/15/06 T DEBT 073325AC6 944,500 400,000 400,000 400,000
BEA SYSTEMS 4% 12/15/06 DEBT 073325AD4 3,492,289 1,479,000 1,479,000 1,479,000
BENCHMARK ELECTR. 6% 8/15/06 T DEBT 08160HAA9 4,834,688 3,375,000 3,375,000 3,375,000
BENCHMARK ELECTRIC 6% 8/15/06 DEBT 08160HAC5 179,063 125,000 125,000 125,000
BROADWING INC 6.75% 3/31/07CVP STOCK 111620407 3,756,075 82,100 82,100 82,100
CNET INC. 5% 3/1/06 T DEBT 125945AA3 5,293,750 6,050,000 6,050,000 6,050,000
CNET INC. 5% 3/1/06 DEBT 125945AC9 175,000 200,000 200,000 200,000
CV THERAPEUTICS 4.75% 3/07 T DEBT 126667AA2 401,250 300,000 300,000 300,000
CV THERAPEUTICS 4.75% 3/07/07 DEBT 126667AB0 2,675,000 2,000,000 2,000,000 2,000,000
CALLON PETROL $2.125 CVP STOCK 13123X201 1,260,000 35,000 35,000 35,000
CAREMARK RX INC. STOCK 141705103 217,668 19,788 19,788 19,788
CEPHALON INC. 7.25% 12/31/49 T STOCK 156708307 9,558,500 70,000 70,000 70,000
CHECKPOINT 5.25% 11-01-05 T DEBT 162825AA1 129,200 200,000 200,000 200,000
CHECKPOINT SYSTEM 5.25%11/1/05 DEBT 162825AB9 64,600 100,000 100,000 100,000
CIRRUS LOGIC 6% 12-15-03 T DEBT 172755AA8 1,516,350 919,000 919,000 919,000
CIRRUS LOGIC 6% 12/15/03 DEBT 172755AC4 7,151,100 4,334,000 4,334,000 4,334,000
CITIZENS UTILITIES TRUST 5% STOCK 177351202 3,990,900 75,300 75,300 75,300
CORR THERAPEUTICS 5% 3/1/07 T DEBT 217753AC6 4,925,000 2,500,000 2,500,000 2,500,000
DRS TECHNOLOGIES 9% 10/1/03 DEBT 23330XAB6 323,200 200,000 200,000 200,000
DOUBLECLICK 4.75% 3/15/06 T DEBT 258609AA4 4,125,375 4,275,000 4,275,000 4,275,000
DOUBLECLICK 4.75% 3/15/06 DEBT 258609AC0 217,125 225,000 225,000 225,000
ETRADE GROUP 6% 2/1/07 T DEBT 269246AA2 5,034,710 5,450,000 5,450,000 5,450,000
ETRADE GROUP 6% 02/01/07 DEBT 269246AB0 46,190 50,000 50,000 50,000
ECHOSTAR 6.75% 12/31/49 CVP STOCK 278762307 73,579,230 85,000 85,000 85,000
ECHOSTAR 4.875% 1/1/07 T DEBT 278762AB5 9,321,419 7,055,000 7,055,000 7,055,000
ECHOSTAR 4.875% 01/01/07 DEBT 278762AD1 66,063 50,000 50,000 50,000
EMCOR GROUP 5.75% 4/1/05 DEBT 29084QAC4 5,005,550 4,750,000 4,750,000 4,750,000
EN POINTE TECH INC STOCK 29247F108 105,000 15,000 15,000 15,000
GENERAL DATA COMMON STOCK 369487103 63,845 12,161 12,161 12,161
GEN SEMICOND. 5.75% 12/15/06 DEBT 370787AA1 3,797,500 3,875,000 3,875,000 3,875,000
GEN SEMICOND. 5.75% 12/15/06 DEBT 370787AB9 1,298,500 1,325,000 1,325,000 1,325,000
HEXCEL CORP 7% 8/1/03 DEBT 428291AA6 3,675,000 3,675,000 3,675,000 3,675,000
HUMAN GENOME 5% 2/1/07 T DEBT 444903AE8 2,680,000 1,600,000 1,600,000 1,600,000
HUMAN GENOME 5% 02/01/07 DEBT 444903AF5 335,000 200,000 200,000 200,000
HUTCHINSON TECH. 6% 3/15/05 DEBT 448407AC0 3,745,375 4,150,000 4,150,000 4,150,000
IMCLONE SYSTEMS 5.50% 03/05 T DEBT 45245WAA7 363,000 300,000 300,000 300,000
INHALE THERAPEUT 5% 2/08/07 T DEBT 457191AD6 1,179,375 750,000 750,000 750,000
INTERMAG. GENERAL STOCK 458771102 408,954 15,729 15,729 15,729
INTERNET CAP 5.5% 12/21/04 DEBT 46059CAA4 687,500 1,250,000 1,250,000 1,250,000
ITRON INC. 6.75% 3/31/04 DEBT 465741AC0 578,340 1,071,000 1,071,000 1,071,000
ITRON 6.75% 3/31/04 DEBT 465741AD8 366,000 488,000 488,000 488,000
I2 TECH 5.25% 12/15/06 T DEBT 465754AD1 1,084,455 435,000 435,000 435,000
I2 TECHNOLOGY 5.25% 12/15/06 DEBT 465754AF6 4,986,000 2,000,000 2,000,000 2,000,000
KELLSTROM 5.5% 6/15/03 DEBT 488035AE6 430,000 1,000,000 1,000,000 1,000,000
LSI LOGIC 4.25% 3/15/04 T DEBT 502161AB8 3,607,500 1,850,000 1,850,000 1,850,000
LSI LOGIC 4.25% 3/15/04 DEBT 502161AD4 3,900,000 2,000,000 2,000,000 2,000,000
LSI LOGIC 4% 2/15/05 DEBT 502161AE2 4,050,000 5,000,000 5,000,000 5,000,000
LAMAR ADVERTISING 5.25% 09/06 DEBT 512815AF8 2,424,000 2,400,000 2,400,000 2,400,000
MILLENNIUM PHARM 5.5% 1/15/07T DEBT 599902AA1 3,716,700 1,950,000 1,950,000 1,950,000
MPOWER COMM 7.25% 2/15/12 CVP STOCK 62473J205 720,000 45,000 45,000 45,000
NATL AUSTRALIA BK 7.875% CVP STOCK 632525309 1,940,625 75,000 75,000 75,000
NETSPEAK CORPORATION STOCK 64115D109 106,250 10,000 10,000 10,000
PENN TREATY 6.25% 12-1-03 T DEBT 707874AA1 1,315,125 1,575,000 1,575,000 1,575,000
PENN TREATY 6.25% 12/01/03 DEBT 707874AC7 1,628,250 1,950,000 1,950,000 1,950,000
PETSMART INC 6.75% 11/1/04 T DEBT 716768AA4 1,570,000 2,000,000 2,000,000 2,000,000
PICTURETEL CORP STOCK 720035302 106,875 15,000 15,000 15,000
POGO PRODUCE 5.5% 6/15/06 DEBT 730448AE7 87,000 100,000 100,000 100,000
POGO TRUST 6.50% 06/01/29(CVP) STOCK 73044P208 4,014,006 66,700 66,700 66,700
PROLOGIS TRUST 7% PRFD STOCK 743410300 1,320,000 44,000 44,000 44,000
QUADRAMED 5.25% 05/01/05 DEBT 74730WAC5 1,190,000 3,400,000 3,400,000 3,400,000
RATIONAL SOFTWARE 5% 2/1/07 T DEBT 75409PAA1 1,248,000 600,000 600,000 600,000
RECKSON 7.625% 12/31/49 CVP STOCK 75621K205 5,652,075 243,100 243,100 243,100
RECKSON ASSOC REALTY CORP-B STOCK 75621K304 315,000 12,000 12,000 12,000
RES CARE INC. 6% 12/01/04 T DEBT 760943AA8 427,500 855,000 855,000 855,000
SAFEGUARD 5% 06/15/06 T DEBT 786449AD0 294,000 300,000 300,000 300,000
SANMINA 0% 09/12/20 T DEBT 800907AC1 2,770,950 6,500,000 6,500,000 6,500,000
SEMTECH CORP. 4.5% 2/01/07 T DEBT 816850AB7 2,940,000 2,450,000 2,450,000 2,450,000
SEPRACOR 6.25% 2/15/05 T DEBT 817315AC8 8,142,695 1,565,000 1,565,000 1,565,000
SEPRACOR 6.25% 2/15/05 DEBT 817315AE4 32,180,555 6,185,000 6,185,000 6,185,000
SEPRACOR 7% 12/15/05 T DEBT 817315AF1 18,112,500 8,750,000 8,750,000 8,750,000
SEPRACOR 7% 12/15/05 DEBT 817315AH7 13,041,000 6,300,000 6,300,000 6,300,000
SEPRACOR INC. 5% 2/15/07 T DEBT 817315AJ3 2,250,000 1,500,000 1,500,000 1,500,000
SIEBEL SYSTEMS 5.50% 09/15/06T DEBT 826170AA0 3,152,500 650,000 650,000 650,000
SINCLAIR BROAD 6% 12/31/49 CVP STOCK 829226505 2,665,860 84,900 84,900 84,900
SPACEHAB 8% 10\15\07 DEBT 846243AA1 436,800 600,000 600,000 600,000
SPORTS AUTHOR 5.25% 9/15/01 DEBT 849176AC6 592,500 750,000 750,000 750,000
TELEFONOS MEXICO 4.25% 6/15/04 DEBT 879403AD5 7,627,500 6,000,000 6,000,000 6,000,000
TERAYON COMM 5% 08/01/07 T DEBT 880775AA9 954,275 1,435,000 1,435,000 1,435,000
TOWER AUTOMOTIVE 5% 8/01/04 DEBT 891707AE1 2,755,750 3,650,000 3,650,000 3,650,000
UNITED GLOBALCOM 7% 9/30 CVP T STOCK 913247102 2,788,800 67,200 67,200 67,200
UNITED GLOBALCOM 7% 9/30 CVP STOCK 913247201 1,846,750 44,500 44,500 44,500
UNITED GLOBALCOM 7% CVP STOCK 913247805 1,485,000 45,000 45,000 45,000
VERTICALNET 5.25% 9/27/04 T DEBT 92532LAA5 547,050 300,000 300,000 300,000
VITESSE SEMICOND 4% 03/15/05 T DEBT 928497AA4 2,808,000 2,700,000 2,700,000 2,700,000
GLOBAL CROSSING 6.75% 4/15/12 STOCK G3921A134 2,505,000 10,000 10,000 10,000
LORAL SPACE & COMM. 6% CVP STOCK G56462149 1,000,000 50,000 50,000 50,000
TOTAL 370,016,293
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