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Expires: October 31, 2000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
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: Para Advisors, Inc. (a)
Address: 505 Park Avenue
New York, NY 10022
Form 13F File Number: 28-7296
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: Mr. Ned Sadaka
Title: President
Phone: 212-355-6688
Signature, Place, and Date of Signing:
/S/ NED SADAKA
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[Signature]
New York, New York
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[City, State]
November 13, 2000
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[Date]
(a) Mr. Ned Sadaka is a shareholder of Para Advisors, Inc. ("Para Advisors") and
also serves as a managing member of the general partner of certain accounts over
which Para Advisors has investment discretion.
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 INFORMATION TABLE
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
0
Form 13F Information Table Entry Total:
65
Form 13F Information Table Value Total:
$537,250 (thousands)
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.
NONE
<PAGE>
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FORM 13F
Para Advisors Inc
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Voting Authority
----------------
Name of Issuer Title Value Shares/ Sh/ Put/ Invstmt Other
of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
-------------- -------- ----- -------- -------- --- ---- ------- -------- ---- ------ ----
ACUSON CORP COM 005113105 2,931 128,849 SH Sole 128,849
AETNA INC COM 008117103 2,805 48,317 SH Sole 48,317
ALLEN TELECOMMUNICATIONS COM 018091108 780 46,050 SH Sole 46,050
AMERICAN TEL & TEL COM 001957109 8,345 284,097 SH Sole 284,097
ASSOCIATES FIRST CAP CORP COM 046008108 12,181 320,551 SH Sole 320,551
AT&T CORP/LIBERTY MEDIA GRP A COM 001957208 1,658 92,100 SH Sole 92,100
AXA FINANCIAL INC COM 002451102 8,671 170,225 SH Sole 170,225
BEAR STEARNS COS INC COM 073902108 277 4,403 SH Sole 4,403
BEST BUY INC COM 086516101 1,472 23,133 SH Sole 23,133
BESTFOODS INC COM 08658U101 48,100 661,175 SH Sole 661,175
CABLEVISION SYSTEMS COM 12686C109 1,527 23,025 SH Sole 23,025
CHRIS CRAFT INDS INC COM 170520100 5,431 65,929 SH Sole 65,929
COASTAL CORP COM 190441105 6,738 90,900 SH Sole 90,900
COLUMBIA ENERGY GRP COM 197648108 12,762 179,745 SH Sole 179,745
DELPHI AUTOMOTIVE SYSTEMS CORP COM 247126105 4,508 298,055 SH Sole 298,055
DONALDSON LUFKIN & JENRETTE COM 257661108 16,142 180,481 SH Sole 180,481
DURA PHARMACEUTICALS COM 26632S109 1,144 32,328 SH Sole 32,328
EARTHGRAINS COMPANY COM 270319106 642 34,813 SH Sole 34,813
FORD MOTOR CO COM 345370100 4,347 171,725 SH Sole 171,725
FORT JAMES CORP COM 347471104 5,097 166,775 SH Sole 166,775
GENERAL MOTORS CORP COM 370442105 4,613 70,972 SH Sole 70,972
GLOBAL LIGHT TELECOM. COM 37934X100 1,039 201,727 SH Sole 201,727
GOLDMAN SACHS GROUP INC COM 38141G104 633 5,553 SH Sole 5,553
HARCOURT GENERAL INC COM 41163G101 3,058 51,826 SH Sole 51,826
INFINITY BROADCASTING CORP COM 45662S102 11,528 349,344 SH Sole 349,344
J P MORGAN & CO INC COM 616880100 13,048 79,863 SH Sole 79,863
JOHN HANCOCK FINANCIAL SERVICE COM 41014S106 3,731 138,835 SH Sole 138,835
JOHNS MANVILLE CORP COM 478129109 1,538 135,955 SH Sole 135,955
LYCOS INC COM 550818108 11,065 160,904 SH Sole 160,904
MALLINCKRODT INC COM 561232109 9,492 208,044 SH Sole 208,044
MAYTAG CORP COM 578592107 2,362 76,052 SH Sole 76,052
WORLDCOM INC NEW COM 98157D106 7,713 253,925 SH Sole 253,925
MMC NETWORKS INC COM 55308N102 4,170 32,965 SH Sole 32,965
MORGAN STANLEY DEAN WITTER COM 617446448 9,264 101,310 SH Sole 101,310
MOTOROLA INC COM 620076109 1,317 46,634 SH Sole 46,634
NABISCO GROUP HOLDINGS COM 62952P102 6,744 236,640 SH Sole 236,640
NABISCO HOLDINGS CORP COM 629526104 23,183 431,319 SH Sole 431,319
NETWORK ENGINE COM 64121A107 789 19,272 SH Sole 19,272
PAINE WEBBER GROUP COM 695629105 26,754 392,724 SH Sole 392,724
R&B FALCON CORP COM 74912E101 2,612 93,702 SH Sole 93,702
RIOALGOM COM 766889109 612 32,235 SH Sole 32,235
SDL INC COM 784076101 4,651 15,101 SH Sole 15,101
SEAGATE TECHNOLOGY COM 811804103 62,512 905,977 SH Sole 905,977
SEAGRAM CO LTD COM 811850106 23,292 405,525 SH Sole 405,525
SOFTWARE.COM INC COM 83402P104 5,433 29,943 SH Sole 29,943
SPRINT CORP COM 852061100 4,724 161,175 SH Sole 161,175
SYMBOL TECHNOLOGIES INC COM 871508107 2,482 69,075 SH Sole 69,075
TARGET CORP COM 87612E106 1,186 46,266 SH Sole 46,266
TERRA NETWORKS SA SPONS. ADR 88100W103 2,539 69,075 SH Sole 69,075
VERIZON COMMUNICATIONS COM 92343V104 5,738 118,472 SH Sole 118,472
VOICESTREAM WIRELESS CORP COM 928615103 28,222 243,163 SH Sole 243,163
YOUNG & RUBICAM INC COM 987425105 8,818 178,139 SH Sole 178,139
ADC TELECOMMUNICATIONS INC COM 000886101 7,706 286,552 SH Sole 286,552
ALCATEL ALSTHOM ADR SPONS. ADR 013904305 20,076 319,293 SH Sole 319,293
EMC CORP COM 268648102 4,252 42,898 SH Sole 42,898
GLOBAL CROSSINGS LTD COM G3921A100 6,139 198,036 SH Sole 198,036
MOTOROLA INC COM 620076109 3,799 134,487 SH Sole 134,487
PFIZER INC COM 717081103 12,643 281,352 SH Sole 281,352
QWEST COMMUNICATIONS COM 749121109 13,856 288,294 SH Sole 288,294
VODAFONE GROUP PLC ADR SPONS. ADR 92857W100 22,172 599,240 SH Sole 599,240
VOICESTREAM WIRELESS CORP COM 928615103 4,759 41,007 SH Sole 41,007
BEAR STEARNS CALL CALL 073902908 248 368 SH CALL Sole 368
MAYTAG PUT PUT 578592957 190 474 SH PUT Sole 474
AT&T PUT PUT 001957959 741 463 SH PUT Sole 463
TIME WARNER PUT PUT 887315959 249 488 SH PUT Sole 488
REPORT SUMMARY DATA RECORDS 537,250
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