UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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 August 11, 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.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
Form 13F Information Table Entry Total: 145
Form 13F Information Table Value Total: $614,750,115
List of Other Included Managers: None
No. 13F File Number Name
01
02
03
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FORM 13F
FOR THE QUARTER ENDED June 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
AES 5.5% 9/30/12 CVP T STOCK 001034206 3,882,400 46,000 46,000 46,000
AES CORP. 5.5% 9/30/12 CVP STOCK 001034305 4,557,600 54,000 54,000 54,000
AES 4.5% 8/15/05 DEBT 00130HAN5 1,800,000 1,000,000 1,000,000 1,000,000
ACCLAIM ENTERTMT 10% 3/1/02 DEBT 004325AA4 600,000 1,000,000 1,000,000 1,000,000
ADELPHIA COMM. 5.5% CVP STOCK 006848402 3,548,725 24,100 24,100 24,100
ADVANCED MICRO DEV 6% 5/15/05 DEBT 007903AC1 45,388,080 21,013,000 21,013,000 21,013,000
AES TRUST 6.75% 10/15/29 CVP STOCK 00808N202 7,226,500 97,000 97,000 97,000
AKAMAI TECH 5.50% 07/01/07 DEBT 00971TAA9 3,715,500 3,000,000 3,000,000 3,000,000
AMAZON.COM 4.75% 2/1/09 T DEBT 023135AD8 7,654,500 12,150,000 12,150,000 12,150,000
AMERICA ONLINE 0% 12/06/19 DEBT 02364JAC8 7,612,500 15,000,000 15,000,000 15,000,000
EXCITE@HOME 4.75% 12/15/06 T DEBT 045919AD9 5,962,750 8,500,000 8,500,000 8,500,000
ATRIX 7% 12/01/04 T DEBT 04962LAA9 2,226,500 3,050,000 3,050,000 3,050,000
AVIRON 5.75% 4/1/05 T DEBT 053762AA8 4,815,000 4,500,000 4,500,000 4,500,000
AVIRON 5.75% 4/1/05 DEBT 053762AC4 1,284,000 1,200,000 1,200,000 1,200,000
BANK OF TOYKO MITSUBISHI ADR STOCK 065379109 242,500 20,000 20,000 20,000
BANKATLANTIC 5.625% 12/1/07 DEBT 065908AC9 371,010 596,000 596,000 596,000
BELL ATLANTIC 4.25% 9/15/05 T DEBT 07785GAC4 2,365,000 2,000,000 2,000,000 2,000,000
BENCHMARK ELECTR. 6% 8/15/06 T DEBT 08160HAA9 3,857,000 3,500,000 3,500,000 3,500,000
CNET INC. 5% 3/1/06 T DEBT 125945AA3 5,246,000 6,100,000 6,100,000 6,100,000
CALIF. ENERGY 6.5% 9/1/27 CVPT STOCK 12946N200 495,800 13,400 13,400 13,400
CALLON PETROL $2.125 CVP STOCK 13123X201 1,190,000 35,000 35,000 35,000
CEPHALON INC. 7.25% 12/31/49 T STOCK 156708307 12,250,000 70,000 70,000 70,000
CHECKPOINT 5.25% 11-01-05 T DEBT 162825AA1 130,000 200,000 200,000 200,000
CIRRUS LOGIC 6% 12-15-03 T DEBT 172755AA8 2,002,500 2,250,000 2,250,000 2,250,000
CIRRUS LOGIC 6% 12/15/03 DEBT 172755AC4 3,857,260 4,334,000 4,334,000 4,334,000
CITIZENS UTILITIES TRUST 5% STOCK 177351202 3,706,694 56,900 56,900 56,900
CLEAR CHANNEL 1.5% 12/01/02 DEBT 184502AE2 3,910,000 4,000,000 4,000,000 4,000,000
CORR THERAPEUTICS 5% 3/1/07 T DEBT 217753AC6 2,795,000 2,000,000 2,000,000 2,000,000
DRS TECHNOLOGIES 9% 10/1/03 DEBT 23330XAB6 260,500 200,000 200,000 200,000
DOUBLECLICK 4.75% 3/15/06 T DEBT 258609AA4 4,811,563 4,325,000 4,325,000 4,325,000
ETRADE GROUP 6% 2/1/07 T DEBT 269246AA2 4,550,000 5,000,000 5,000,000 5,000,000
ECHOSTAR 6.75% 12/31/49 CVP STOCK 278762307 46,070,000 85,000 85,000 85,000
ECHOSTAR 4.875% 1/1/07 T DEBT 278762AB5 9,785,000 10,300,000 10,300,000 10,300,000
EMCOR GROUP 5.75% 4/1/05 DEBT 29084QAC4 3,430,000 3,500,000 3,500,000 3,500,000
EXODUS COMM. 4.75% 7/15/08 DEBT 302088AG4 2,450,000 1,750,000 1,750,000 1,750,000
FEDERAL MOGUL 7%12/1/27 CVP STOCK 313552408 1,840,000 80,000 80,000 80,000
D WTS FEDERATED DEPT 12/19/01 STOCK 31410H127 443,750 50,000 50,000 50,000
FIELDCREST 6% 3/15/12 DEBT 3165499B2 190,000 500,000 500,000 500,000
FIELDCREST CANNON 6% 3/15/12 DEBT 316549AB0 190,000 500,000 500,000 500,000
FINOVA FINANCE 5.5%12-31-16CVP STOCK 31808E207 1,020,000 42,500 42,500 42,500
FIRST UNION REAL8.4% 12/49 CVP STOCK 337400303 745,200 36,800 36,800 36,800
GENERAL DATA COMMON STOCK 369487103 72,966 12,161 12,161 12,161
GEN SEMICOND. 5.75% 12/15/06 DEBT 370787AA1 4,560,000 4,000,000 4,000,000 4,000,000
GEN SEMICOND. 5.75% 12/15/06 DEBT 370787AB9 1,225,500 1,075,000 1,075,000 1,075,000
GENESCO 5.5% 4/15/05 T DEBT 371532AK8 3,158,400 3,360,000 3,360,000 3,360,000
GETTY IMAGES 5% 03/15/07 DEBT 374276AD5 1,615,000 2,000,000 2,000,000 2,000,000
GILAT SATELLITE 4.25% 3/05 T DEBT 375255AC0 4,777,500 7,000,000 7,000,000 7,000,000
GLOBAL TELE 7.25% CVP T 12/49 STOCK 37936U401 1,523,060 66,220 66,220 66,220
GLOBAL TELE 7.25% CVP 12/31/49 STOCK 37936U609 914,940 39,780 39,780 39,780
GLOBAL TELE 5.75% 7/1/10 DEBT 37936UAE4 994,500 1,700,000 1,700,000 1,700,000
HEXCEL CORP 7% 8/1/03 DEBT 428291AA6 2,928,375 3,425,000 3,425,000 3,425,000
HOMEBASE 5.25% 11/1/04 T DEBT 43738EAA6 1,733,875 3,575,000 3,575,000 3,575,000
HOMEBASE INC. 5.25% 11/1/04 DEBT 43738EAB4 965,635 1,991,000 1,991,000 1,991,000
HUMAN GENOME 5% 2/1/07 T DEBT 444903AE8 2,100,000 1,500,000 1,500,000 1,500,000
HUTCHINSON TECH. 6% 3/15/05 DEBT 448407AC0 4,282,500 6,000,000 6,000,000 6,000,000
ITC DELTACOM 4.5% 5/15/06 T DEBT 45031TAJ3 2,095,875 2,025,000 2,025,000 2,025,000
IBASIS INC 5.75% 03/05 DEBT 450732AA0 1,133,280 1,574,000 1,574,000 1,574,000
IMAX CORP. 5.75% 4/1/03 T DEBT 45245EAC3 4,150,463 3,555,000 3,555,000 3,555,000
INCYTE PHARM. 5.5% 2/1/07 T DEBT 45337CAA0 3,870,000 4,500,000 4,500,000 4,500,000
INHALE THERAPEUT 5% 2/08/07 T DEBT 457191AD6 1,050,000 750,000 750,000 750,000
INTERMAG. GENERAL 5.75 9/15/03 DEBT 458771AB8 4,229,901 3,090,000 3,090,000 3,090,000
INTERMEDIA COMM. 7% STOCK 458801834 1,295,500 50,000 50,000 50,000
INTERNET CAP 5.5% 12/21/04 DEBT 46059CAA4 2,805,000 4,250,000 4,250,000 4,250,000
ITRON INC. 6.75% 3/31/04 DEBT 465741AC0 631,890 1,071,000 1,071,000 1,071,000
ITRON 6.75% 3/31/04 DEBT 465741AD8 444,080 488,000 488,000 488,000
KELLSTROM 5.5% 6/15/03 DEBT 488035AE6 440,000 1,000,000 1,000,000 1,000,000
LSI LOGIC 4.25% 3/15/04 T DEBT 502161AB8 6,091,125 1,850,000 1,850,000 1,850,000
LSI LOGIC 4.25% 3/15/04 DEBT 502161AD4 6,585,000 2,000,000 2,000,000 2,000,000
LEVEL 3 COMM. 6% 9/15/09 DEBT 52729NAG5 30,098,750 19,900,000 19,900,000 19,900,000
LEVEL 3 COMM. 6% 3/15/10 DEBT 52729NAS9 2,281,250 2,500,000 2,500,000 2,500,000
LIBERTY MEDIA 3.75% 2/15/30 DEBT 530715AK7 10,900,000 10,000,000 10,000,000 10,000,000
LIFE RE CAPITAL 6% 3/15/03 CVP STOCK 532163300 1,850,000 25,000 25,000 25,000
MGC COMM 7.25% 2/15/12 CVP STOCK 552763500 4,807,000 95,000 95,000 95,000
MC KESSON 5% CVPR STOCK 58155P501 893,750 25,000 25,000 25,000
MEDPARTNERS 6.5% 8/31/00 CVP STOCK 58503X206 1,110,000 120,000 120,000 120,000
MILLENNIUM PHARM 5.5% 1/15/07T DEBT 599902AA1 3,912,500 2,500,000 2,500,000 2,500,000
NTL INC. 7% 12/15/08 T DEBT 629407AK3 9,372,500 5,750,000 5,750,000 5,750,000
NTL INC 7% 12/15/08 DEBT 629407AL1 2,445,000 1,500,000 1,500,000 1,500,000
NABORS INDS INC 0% 06/20/20 DEBT 629568AC0 5,110,625 8,500,000 8,500,000 8,500,000
NEXTEL COMM. 4.75% 7/1/07 T DEBT 65332VAR4 20,670,000 7,950,000 7,950,000 7,950,000
NEXTEL COMM. 5.25% 1/15/10 T DEBT 65332VAW3 5,535,000 5,400,000 5,400,000 5,400,000
NEXSTAR PHARM. 6.25% 8/1/04 DEBT 65333BAC0 1,577,500 1,000,000 1,000,000 1,000,000
NEXTLINK 6.5% 3/31/10 CVP STOCK 65333H863 7,848,000 45,000 45,000 45,000
OAK INDUSTRIES 4.875% 3/1/08 T DEBT 671400AJ8 8,490,000 1,500,000 1,500,000 1,500,000
OMNIPOINT 7% 12/31/49 CVP T STOCK 68212D300 8,836,140 60,000 60,000 60,000
PEGASUS COMM 6.5% 12/49 CVP T STOCK 705904407 1,780,000 20,000 20,000 20,000
PEGASUS COMM 6.50% CVP STOCK 705904506 1,780,000 20,000 20,000 20,000
PENN TREATY 6.25% 12-1-03 T DEBT 707874AA1 1,275,750 1,575,000 1,575,000 1,575,000
PENN TREATY 6.25% 12/01/03 DEBT 707874AC7 1,579,500 1,950,000 1,950,000 1,950,000
PERSONNEL GROUP 5.75% 7/1/04 DEBT 715338AE9 900,000 2,000,000 2,000,000 2,000,000
PETSMART INC 6.75% 11/1/04 T DEBT 716768AA4 1,260,000 2,000,000 2,000,000 2,000,000
PIONEER 6.75% CVP STOCK 723879300 4,372,500 82,500 82,500 82,500
POGO TRUST 6.50% 06/01/29 STOCK 73044P208 3,568,450 66,700 66,700 66,700
PRIMUS TELEOCM 5.75% 2/15/07 T DEBT 741929AK9 367,500 500,000 500,000 500,000
PROLOGIS TRUST 7% PRFD STOCK 743410300 1,188,000 44,000 44,000 44,000
PSINET INC. 7% 2/15/03 CVP STOCK 74437C408 2,587,500 75,000 75,000 75,000
QUADRAMED 5.25% 05/01/05 DEBT 74730WAC5 1,485,000 4,400,000 4,400,000 4,400,000
RAC FINANCIAL GP7.25% 8/15/03T DEBT 749207AB2 3,000 400,000 400,000 400,000
RAC FINANCIAL GP 7.25% 8/15/03 DEBT 749207AD8 32,400 4,320,000 4,320,000 4,320,000
RECKSON 7.625% 12/31/49 CVP STOCK 75621K205 5,378,588 243,100 243,100 243,100
RECKSON ASSOC REALTY CORP-B STOCK 75621K304 300,000 12,000 12,000 12,000
RES CARE INC. 6% 12/01/04 T DEBT 760943AA8 480,480 924,000 924,000 924,000
RITE AID 5.25% 9/15/02 DEBT 767754AL8 1,380,000 2,300,000 2,300,000 2,300,000
SABRATEK 6% 4/15/05 DEBT 78571UAA6 350,000 1,400,000 1,400,000 1,400,000
SCANDINAVIAN BROAD. 7% 12/1/04 DEBT 805906AB0 2,243,750 1,250,000 1,250,000 1,250,000
SCANDINAVIAN BROAD.7% 12/1/04T DEBT 805906AC8 7,718,500 4,300,000 4,300,000 4,300,000
SEALED AIR $2 4/1/18 CVP STOCK 81211K209 15,150,000 300,000 300,000 300,000
SEMTECH CORP. 4.5% 2/01/07 T DEBT 816850AB7 2,316,250 2,125,000 2,125,000 2,125,000
SENSORMATIC 6.5% 12/31/49CVP T STOCK 817265200 3,480,000 145,000 145,000 145,000
SEPRACOR 6.25% 2/15/05 T DEBT 817315AC8 8,357,100 1,565,000 1,565,000 1,565,000
SEPRACOR 6.25% 2/15/05 DEBT 817315AE4 33,027,900 6,185,000 6,185,000 6,185,000
SEPRACOR 7% 12/15/05 T DEBT 817315AF1 18,462,500 8,750,000 8,750,000 8,750,000
SEPRACOR 7% 12/15/05 DEBT 817315AH7 13,293,000 6,300,000 6,300,000 6,300,000
SEPRACOR INC. 5% 2/15/07 T DEBT 817315AJ3 1,520,000 1,000,000 1,000,000 1,000,000
SINCLAIR BROAD 6% 12/31/49 CVP STOCK 829226505 2,674,350 84,900 84,900 84,900
SOUTHERN PACIFIC FUNDING STOCK 843578204 15,467 1,546,687 1,546,687 1,546,687
SPACEHAB 8% 10\15\07 DEBT 846243AA1 398,250 600,000 600,000 600,000
SPORTS AUTHOR 5.25% 9/15/01 DEBT 849176AC6 521,250 750,000 750,000 750,000
SUIZA CAP. 5.5% 4/1/28 CVP T STOCK 86507G200 937,500 25,000 25,000 25,000
SUIZA 5.5% 4/1/28 CVP STOCK 86507G408 6,375,000 170,000 170,000 170,000
SUN FINANCE 7% 5/1/28 CVP T STOCK 866749203 1,650 165,000 165,000 165,000
SYSTEM SOFT 7% 9/02 NO COUPON DEBT 871839AA4 21,000 420,000 420,000 420,000
THERMOQUEST 5% 8/15/00 T DEBT 883655AA0 1,030,000 1,000,000 1,000,000 1,000,000
TIMET CAP TR 6.625%11/1/26 CVP STOCK 887381408 1,187,498 113,095 113,095 113,095
TOWER AUTO. 6.75% CVPT STOCK 891706202 1,155,700 36,400 36,400 36,400
TOWER AUTO. 6.75% CVP STOCK 891706301 812,800 25,600 25,600 25,600
TOWER AUTOMOTIVE 5% 8/01/04 DEBT 891707AE1 2,847,000 3,650,000 3,650,000 3,650,000
TRANS WORLD $4.625 CVP STOCK 893349738 370,500 28,500 28,500 28,500
TRANS WORLD AIR 8%12/31/49 CVP STOCK 893349761 100,000 20,000 20,000 20,000
UNITED RENTALS 6.5% 8/20 CVP T STOCK 91136H207 4,181,625 141,750 141,750 141,750
UNITED GLOBALCOM 7% 9/30 CVP T STOCK 913247102 4,233,600 67,200 67,200 67,200
UNITED GLOBALCOM 7% 9/30 CVP STOCK 913247201 2,803,500 44,500 44,500 44,500
UNITED GLOBALCOM 7% CVP STOCK 913247805 2,047,500 45,000 45,000 45,000
VENTRO CORP. 6% 4/1/07 DEBT 922815AA3 975,000 2,500,000 2,500,000 2,500,000
VERIO 6.75% 12/31/49 CVP T STOCK 923433304 7,020,625 117,500 117,500 117,500
VERIO 6.75% 12/31/49 CVP STOCK 923433502 4,182,500 70,000 70,000 70,000
VERTEX PHARM. 5% 3/14/07 T DEBT 92532FAA8 5,830,000 4,000,000 4,000,000 4,000,000
WINSTAR COMM. 6% 2/11/02 CVP STOCK 975515602 5,666,940 99,420 99,420 99,420
WORLD COLOR 6% 10/1/07 DEBT 981443AA2 6,195,000 5,900,000 5,900,000 5,900,000
GLOBAL CROSSING 6.75% 4/15/12 STOCK G3921A134 2,222,500 10,000 10,000 10,000
LORAL SPACE & COMM. 6% CVP STOCK G56462149 1,125,000 50,000 50,000 50,000
VILLAGE ROADSHOW 6.5%12/49CVPT STOCK Q94510155 875,000 25,000 25,000 25,000
IMAX CORP 5.75% 4/1/03 DEBT U45090AA2 1,868,000 1,600,000 1,600,000 1,600,000
INSIGNIA /ESG HLDGS - WARRANTS RIGHT 45766D118 22,080 22,080 22,080 22,080
THERMOQUEST 5% 8/15/00 DEBT 88377AA19 1,524,400 1,480,000 1,480,000 1,480,000
--------------
TOTAL 614,750,115
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