SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
NAME OF REPORTING MANAGER:
SENECA CAPITAL ADVISORS LLC
Report for the Calendar Year or Quarter Ended: 3/31/99
Institutional Investment Manager: SENECA CAPITAL ADVISORS LLC
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION IN
THIS FORM AND THE ATTACHMENTS TO IT ARE TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL PARTS
OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT ALL
UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND COMPLETE AS
PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
Greg Grimmelbein
(212) 371-1300
Signature, Place and Date of Signing:
/s/Greg Grimmelbein
830 Third Avenue, 14th Floor
New York, New York 10022
5/14/99
<PAGE>
REPORT SUMMARY:
Number of Other Included Managers: One (1)
-------------
List of Other Included Managers: Seneca Capital Investments, LLC
-------------------------------------
Form 13F Information Table Entry Total: 162
------
Form 13F Information Table Value Total: 387,007,798
-------------
<PAGE>
<TABLE> <S> <C>
PORTVUE-SEC13F.LNP SENECA CAPITAL ADVISORS PAGE 2
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/99
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
MANAGERS
NAME OF ISSUER TITLE OFCUSIP NUMBER FAIR MARKET SHARES OR a) SOLE c) NONE a)SOLE b)SHARED AS c)SHARED
CLASS VALUE ($) PRINCIPAL (b)SHARED DEFINED BY OTHER
AMOUNT INSTR. V
--------------- ------ ------------ --------- -------- ---------------------- ------- ----------------------------
AIRTOUCH COMMUNICATION. COM 00949T100 10455 108200 108200 108200
AIRTOUCH COMMUNICATION. COM 00949T100 3208 33200 33200 (1) 33200
AMP, INC. COM 031897101 15919 296512 296512 296512
AMP, INC. COM 031897101 1621 30200 30200 (1) 30200
ASCEND COMMUNICATIONS. COM 043491109 9758 116600 116600 116600
ASCEND COMMUNICATIONS. COM 043491109 301 3600 3600 (1) 3600
AT&T CORP. COM 001957109 4461 56600 56600 (1) 56600
ATLANTIC RICHFIELD CO. COM 048825903 1314 18000 18000 18000
ATLANTIC RICHFIELD CO. COM 048825903 2183 29900 29900 (1) 29900
AUTHENTIC FITNESS CORP. COM 052661105 673 43600 43600 43600
AUTHENTIC FITNESS CORP. COM 052661105 1124 72800 72800 (1) 72800
AVAILL INC. COM 05366B102 1612 104000 104000 104000
AVAILL INC. COM 05366B102 2694 173800 173800 (1) 173800
BANKERS TRUST CORP. COM 066365107 3495 39600 39600 39600
BANKERS TRUST CORP. COM 066365107 5816 65900 65900 (1) 65900
BID.COM COM 08878810C 295 35910 35900 35900
BID.COM COM 08878810C 492 59800 59800 (1) 59800
BP AMOCO PLC COM G1279310 9871 97793 97793 (1) 97793
BUILDING ONE SERVICE COM 120114103 546 31900 31900 31900
BUILDING ONE SERVICE COM 120114103 911 53200 53200 (1) 53200
CENTRIS GROUP INC. COM 15590410 284 26900 26900 26900
CENTRIS GROUP INC. COM 15590410 474 44900 44900 (1) 44900
CLOROX COMPANY COM 189054109 3329 28408 28408 28408
COAST FEDERAL LIT. COM 19034Q102 237 41600 41600 41600
COAST FEDERAL LIT. COM 19034Q102 394 69300 69300 (1) 69300
COLLAGEN AESTHETICS INC. COM 194194106 1125 83700 83700 83700
COLLAGEN AESTHETICS INC. COM 194194106 1881 140000 140000 (1) 140000
COLTEC INDS INC. COM 196879100 1093 60100 60100 60100
COLTEC INDS INC. COM 196879100 1821 100100 100100 (1) 100100
CONCEPTS DIRECT INC. COM 206013104 382 41300 41300 41300
CONCEPTS DIRECT INC. COM 206013104 638 69000 69000 (1) 69000
CAMELOT MUSIC HOLDINGS COM 13322Q10 742 34900 34900 34900
CAMELOT MUSIC HOLDINGS COM 13322Q10 1241 58400 58400 (1) 58400
DELTA & PINE LAND CO. COM 247357106 824 26800 26800 26800
DELTA & PINE LAND CO. COM 247357106 1378 44800 44800 (1) 44800
EXCITE INC. COM 300904109 6280 44900 44900 44900
EXCITE INC. COM 300904109 10463 74800 74800 (1) 74800
GEOCITIES COM 37247V100 1960 17900 17900 17900
GEOCITIES COM 37247V100 3285 30000 30000 (1) 30000
CENTRIS GROUP INC. COM 15590410 284 26900 26900 26900
GLOBAL LIGHT TELECOM INC. COM 37934X100 1168 252600 252600 252600
GLOBAL LIGHT TELECOM INC. COM 37934X100 1949 421500 421500 (1) 421500
GLOBAL INDUSTRIAL TECH INC. COM 379335102 3831 364900 364900 364900
GLOBAL INDUSTRIAL TECH INC. COM 379335102 6391 608700 608700 (1) 608700
GRAND UNION CO. COM 386532402 1289 115900 115900 115900
GRAND UNION CO. COM 386532402 2150 193300 193300 (1) 193300
JUNO LIGHTING INC. COM 482047107 599 26900 26900 26900
JUNO LIGHTING INC. COM 482047107 999 44900 44900 (1) 44900
KENETECH CORP. COM 488878100 18 122900 122900 122900
KENETECH CORP. COM 488878100 31 205000 205000 (1) 205000
KNOLL INC. COM 498904101 1167 47400 47400 47400
KNOLL INC. COM 498904101 1950 79200 79200 (1) 79200
LUCENT TECHNOLOGIES INC. COM 302 2800 2800 2800
MEDRONIC INC. COM 585055106 7473 104156 104156 104156
MEDRONIC INC. COM 585055106 9218 128472 128472 (1) 128472
MERISEL INC. COM 589849108 1144 851300 851300 851300
MERISEL INC. COM 589849108 1909 1,420400 1,142400 (1) 1,142400
MERISTAR HOTELS AND RESORTS COM 58984Y103 776 282000 282000 282000
MERISTAR HOTELS AND RESORTS COM 58984Y103 1294 470400 470406 (1) 470400
METRO NET COMMUNICATIONS COM 591694108 4823 88100 88100 88100
GLOBAL LIGHT TELECOM INC. COM 37934X100 1168 252600 252600 252600
METRO NET COMMUNICATIONS COM 591694108 8059 147200 147200 (1) 147200
NABISCO HOLDINGS CORP. CLASS A COM 629526104 777 18700 18700 18700
NABISCO HOLDINGS CORP. CLASS A COM 629526104 1293 31100 31100 (1) 31100
NAVIGANT INTERNATIONAL COM 63935R108 297 56600 56600 56600
NAVIGANT INTERNATIONAL COM 63935R108 496 94500 94500 (1) 94500
NAVISTAR INTERNATIONAL COM 63934E108 643 16000 16000 16000
NAVISTAR INTERNATIONAL COM 63934E108 1077 26800 26800 (1) 26800
OLIN CORP. COM 680665205 1932 192000 192000 192000
OLIN CORP. COM 680665205 3223 320300 320300 (1) 320300
PARK PLACE ENTERTAINMENT COM 70069010 1357 179400 179400 179400
PARK PLACE ENTERTAINMENT COM 70069010 2263 299300 299300 (1) 299300
PEC ISRAEL ECONOMIC CORP. COM 705098101 3223 107000 107000 107000
PEC ISRAEL ECONOMIC CORP. COM 705098101 5383 178700 178700 (1) 178700
PEOPLE BANK BRIDGEPORT COM 710198102 321 10800 10800 10800
PEOPLE BANK BRIDGEPORT COM 710198102 536 18000 18000 (1) 18000
PLATINUM TECH INTL COM 72764T10 2413 95100 95100 95100
PLATINUM TECH INTL COM 72764T10 4024 158600 158600 (1) 158600
POWERHOUSE TECHNOLOGY COM 739323103 1404 81700 81700 81700
POWERHOUSE TECHNOLOGY COM 739323103 2341 136200 136200 (1) 136200
PRIME HOSPITALITY CORP. COM 741917108 357 35900 35900 35900
PRIME HOSPITALITY CORP. COM 741917108 595 59900 59900 (1) 59900
QUICKTURN DESIGN SYSTEMS INC. COM 74838E902 989 70000 70000 70000
QUICKTURN DESIGN SYSTEMS INC. COM 74838E902 1655 117200 117200 (1) 117200
RJR NABISCO COM 74960K876 1525 61000 61000 61000
RJR NABISCO COM 74960K876 2545 101800 101800 (1) 101800
SBARRO INC. COM 805844107 1211 45700 45700 45700
SBARRO INC. COM 805844107 2019 76200 76200 (1) 76200
SMURFIT-STONE CONTAINER CORP. COM 832727101 356 18500 18500 18500
SMURFIT-STONE CONTAINER CORP. COM 832727101 566 29400 29400 (1) 29400
SPELLING ENTERTAINMENT GROUP COM 847807104 785 89700 89700 89700
SPELLING ENTERTAINMENT GROUP COM 847807104 1310 149700 149700 (1) 149700
STARWOOD HOTELS & RESORTS COM 85590A20 1799 63000 63000 63000
STARWOOD HOTELS & RESORTS COM 85590A20 2999 105000 105000 (1) 105000
SUNDSTRAND CORP. COM 86732310 1779 25600 25600 25600
SUNDSTRAND CORP. COM 86732310 2961 42600 42600 (1) 42600
TENNECO INC. COM 88037E101 1402 50200 50200 50200
TENNECO INC. COM 88037E101 2344 83900 83900 (1) 83900
TRM COPY CENTERS COM 872636105 180 25700 25700 25700
TRM COPY CENTERS COM 872636105 300 42800 42800 (1) 42800
TYNDALL AUSTRALIA LTD. COM Q9273913 1141 655831 655831 655831
TYNDALL AUSTRALIA LTD. COM Q9273913 1905 1094300 1,094300 (1) 1,094300
U.S. INDUSTRIES INC. COM 912080108 587 35700 35700 35700
U.S. INDUSTRIES INC. COM 912080108 983 59800 59800 (1) 59800
U.S. FILTER CORP. COM 911843200 3023 98700 98700 98700
U.S. FILTER CORP. COM 911843200 5047 164800 164800 (1) 164800
UNION CARBIDE CORP. COM 905581104 922 20400 20400 20400
UNION CARBIDE CORP. COM 905581104 1545 34200 34200 (1) 34200
UNIQUE CASUAL RESTAURANTS COM 90915X100 969 198700 198700 198700
UNIQUE CASUAL RESTAURANTS COM 90915X100 2428 498100 498100 (1) 498100
VARIAN MEDICAL SYSTEMS INC. COM 92220P10 1926 49700 4700 49700
VARIAN MEDICAL SYSTEMS INC. COM 92220P10 3212 82900 82900 (1) 82900
VENATOR GROUP INC. COM 922944103 126 17900 17900 17900
VENATOR GROUP INC. COM 922944103 212 30000 30000 (1) 30000
VLSI TECHNOLOGY, INC. COM 918270109 6195 318700 318700 318700
VLSI TECHNOLOGY, INC. COM 918270109 10335 531700 531700 (1) 531700
VODAFONE GROUP PLC ADR 92857T107 3323 17700 17700 17700
VODAFONE GROUP PLC ADR 92857T107 4544 24200 24200 (1) 24200
WANG LABORATORIES COM 93369N109 1362 69600 69600 69600
WATKINS-JOHNSON COMPANY COM 942486101 552 24400 24400 24400
WATKINS-JOHNSON COMPANY COM 942486101 923 40800 40800 (1) 40800
WHEREHOUSE ENTMNT. COM 963281100 4250 236125 236125 236125
WHEREHOUSE ENTMNT. COM 963281100 7090 393904 393904 (1) 393904
WHITTAKER CORP. COM 966680407 285 13000 13000 13000
WHITTAKER CORP. COM 966680407 476 21700 21700 (1) 21700
WORKFLOW MANAGEMENT INC. COM 98137N109 255 38100 38100 38100
WORKFLOW MANAGEMENT INC. COM 98137N109 427 63800 63800 (1) 63800
WYMAN-GORDON CO. COM 983085101 166 17900 17900 17900
WYMAN-GORDON CO. COM 983085101 278 30000 30000 (1) 30000
YPF SOCIEDAD ANONIMA ADR 984245100 3279 103900 103900 103900
YPF SOCIEDAD ANONIMA ADR 984245100 5470 173300 173300 (1) 173300
NATIONAL RECORD MART INC. WTS 637355108 161 36370 36370 36370
NATIONAL RECORD MART INC. WTS 637355108 304 8480 68480 (1) 68480
HOME HOLDING EONS PFD 436934AE3 688 5986 5986 5986
HOME HOLDING EONS PFD 436934AE3 1316 11444 11444 (1) 11444
ANCHOR GLASS PFD 33038308 188 2680 2680 2680
ANCHOR GLASS PFD 033038308 3921 56020 56020 (1) 56020
AMP INC. CALL 031897901 5133 95600 95600 95600
AMP INC. CALL 031897901 8574 159700 159700 (1) 159700
COLTEC INDUSTRIES CALL 196879900 1142 62800 62800 62800
COLTEC INDUSTRIES CALL 196879900 1906 104800 104800 (1) 104800
ENRON OIL & GAS CALL 293561906 417 25100 25100 25100
ENRON OIL & GAS CALL 293561906 698 42000 42000 (1) 42000
NAVISTAR INTERNATIONAL CALL 63934E908 1805 44900 44900 44900
NAVISTAR INTERNATIONAL CALL 63934E908 3011 74900 74900 (1) 74900
PIONEER HI-BRED INTERNATIONAL CALL 723686901 1215 32300 32300 32300
PIONEER HI-BRED INTERNATIONAL CALL 723686901 2032 54000 54000 (1) 54000
PLATINUM TECHNICAL CALL 72764T901 1593 62800 62800 62800
INTERNATIONAL
PLATINUM TECHNICAL CALL 72764T901 2659 104800 104800 (1) 104800
INTERNATIONAL
POWERHOUSE CALL 739323903 308 17900 17900 17900
POWERHOUSE CALL 739323903 516 30000 30000 (1) 30000
RJR NABISCO CALL 74960K906 898 35900 35900 35900
RJR NABISCO CALL 74960K906 1498 59900 59900 (1) 59900
TENNECO INC. CALL 88037E901 752 26900 26900 26900
TENNECO INC. CALL 88037E901 1255 44900 44900 (1) 44900
UNION CARBIDE CORP. CALL 905581904 1866 41300 41300 41300
UNION CARBIDE CORP. CALL 905581904 3114 68900 68900 68900
VARIAN MEDICAL SYSTEMS CALL 922204902 973 25100 25100 25100
VARIAN MEDICAL SYSTEMS CALL 922204902 1624 41900 41900 (1) 41900
VLSI TECHNOLOGY INC. CALL 918270909 5789 297800 297800 297800
VLSI TECHNOLOGY INC. CALL 918270909 9666 497200 497200 (1) 497200
YPF SOCIEDAD ANONIMA CALL 984245900 6397 202700 202700 202700
INTERNATIONAL
YPF SOCIEDAD ANONIMA CALL 984245900 10674 338200 338200 (1) 338200
REPORT SUMMARY 162 DATA RECORDS 387007 1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
