UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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Check here if Amendment [ ]; Amendment Number:
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This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Teleos Management, L.L.C.
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Address: 55 Railroad Avenue, 2nd Floor
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Greenwich, Connecticut 06830
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Form 13F File Number: 28- 7608
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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: Daniel Gressel
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Title: Managing Member
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Phone: 203-629-6565
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Signature, Place, and Date of Signing:
/S/ Daniel Gressel Greenwich, Connecticut 5/13/99
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<PAGE>
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 SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 54
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Form 13F Information Table Value Total: $78,155
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(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
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Form 13F INFORMATION TABLE
<C> <C> <C> <C> <C> <C> <C> <C>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- -------------- --------- -------- ----------------- ---------- -------- -------------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
- --------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------
AT&T CORP CALLS 0019570DP 2,394 30,000 SH CALL SOLE 30,000
- -----------------------------------------------------------------------------------------------------------------------------------
ADVANTA CORP COM 007942204 1,073 120,100 SH SOLE 120,100
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AERIAL COMMUNICATIONS INC COM 007655103 1,481 191,100 SH SOLE 191,100
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ALPINE GROUP INC COM 020825105 3,840 379,300 SH SOLE 379,300
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AMERICA ONLINE INC PUTS 02364JEPA 3,307 22,500 SH PUT SOLE 22,500
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC PUTS 02364JEPT 1,470 10,000 SH PUT SOLE 10,000
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN PWR CONVERSION CORP CALLS 0290660EF 1,350 50,000 SH CALL SOLE 50,000
- -----------------------------------------------------------------------------------------------------------------------------------
ANCHOR GAMING INC CALLS 0330370DI 1,312 30,000 SH CALL SOLE 30,000
- -----------------------------------------------------------------------------------------------------------------------------------
ASCENT ENTMT GROUP INC COM 043628106 1,859 170,000 SH SOLE 170,000
- -----------------------------------------------------------------------------------------------------------------------------------
ASSOCIATED GROUP INC CL B 045651205 2,910 60,000 SH SOLE 60,000
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BE AEROSPACE INC COM 073302101 737 50,000 SH SOLE 50,000
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BROWN TOM INC COM NEW 115660201 1,309 108,000 SH SOLE 108,000
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CALIFORNIA COASTAL COMNTYS INC COM 129915104 114 17,600 SH SOLE 17,600
- -----------------------------------------------------------------------------------------------------------------------------------
CASH AMER INTL INC COM 14754D100 13,838 1,074,800 SH SOLE 1,074,800
- -----------------------------------------------------------------------------------------------------------------------------------
CBS CORP CALLS 12490KEDG 1,020 25,000 SH CALL SOLE 25,000
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CBS CORPORATION CALLS 12490KEDH 408 10,000 SH CALL SOLE 10,000
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CITIZENS UTILS CO DEL CL B 177342201 1,550 200,000 SH SOLE 200,000
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CRESCENT OPER INC COM 22575M100 54 15,000 SH SOLE 15,000
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CRW FINL INC COM 126276104 1,400 243,600 SH SOLE 243,600
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ETHYL CORP COM 297659104 911 214,400 SH SOLE 214,400
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EXCALIBUR TECHNOLOGIES CORP COM NEW 300651205 326 25,000 SH SOLE 25,000
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FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 1,631 150,000 SH SOLE 150,000
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FREEPORT-MCMORAN COPPER & GOLD CALLS 35671DTEB 222 20,500 SH CALL SOLE 20,500
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GENERAL ELEC CO PUTS 3696040RQ 1,659 15,000 SH PUT SOLE 15,000
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GULF CDA RES LTD COM 40218L305 774 288,100 SH SOLE 288,100
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HANAGER ORTHOPEDIC GROUP INC COM NEW 41043F208 337 25,000 SH SOLE 25,000
- -----------------------------------------------------------------------------------------------------------------------------------
I 2 TECHNOLOGIES INC COM 465754109 531 20,000 SH SOLE 20,000
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ICG COMMUNICATIONS INC COM 449246107 700 35,000 SH SOLE 35,000
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JOHNS MANVILLE CORP CALLS 4781290EW 517 30,000 SH CALL SOLE 30,000
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KULICKE & SOFFA INDS INC COM 501242101 1,515 60,000 SH SOLE 60,000
- -----------------------------------------------------------------------------------------------------------------------------------
LATTICE SEMICONDUCTOR CORP COM 518415104 478 10,500 SH SOLE 10,500
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MARINER POST-ACUTE NETWORK INC COM 568459101 164 75,000 SH SOLE 75,000
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MEDICAL RES INC COM 58461Q409 488 229,997 SH SOLE 229,997
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NEWS CORP LTD ADR NEW 652487703 295 10,000 SH SOLE 10,000
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NOEL GROUP INC COM 655260107 115 115,500 SH SOLE 115,500
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PRICESMART INC COM 741511109 456 23,700 SH SOLE 23,700
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PROTEIN DESIGN LABS INC COM 74369L103 1,506 100,000 SH SOLE 100,000
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REPUBLIC N Y CORP COM 760719104 1,383 30,000 SH SOLE 30,000
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SEAGATE TECHNOLOGY CALLS 811804SDJ 1,182 40,000 SH SOLE 40,000
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SEARS ROEBUCK & CO COM 812387108 1,355 30,000 SH SOLE 30,000
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SILICON GRAPHICS INC COM 827056102 3,660 221,000 SH SOLE 221,000
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SOLUTIA INC COM 834376105 1,216 700,000 SH SOLE 700,000
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SOLUTIA INC CALLS 8343760DO 1,042 60,000 SH CALL SOLE 60,000
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SUPERIOR TELECOM INC COM 868365107 226 12,000 SH SOLE 12,000
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SUPERIOR TELECOM INC CALL 868365907 188 10,000 SH CALL SOLE 10,000
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T-HQ INC COM 872443403 1,018 50,000 SH SOLE 50,000
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TELEGLOBE INC CALLS 87941V100 1,212 40,000 SH SOLE 40,000
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TELEGLOBE INC CALLS 87941VODP 1,060 35,000 SH CALL SOLE 35,000
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TRAVEL SERVICES INTL INC COM 894169101 892 85,000 SH SOLE 85,000
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UNIQUE CASUAL RESTAURANTS INC COM 90915K100 994 204,100 SH SOLE 204,100
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VERITAS DGC INC COM 92343P107 783 55,000 SH SOLE 55,000
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WACKENHUT CORP COM 929794303 1,696 99,800 SH SOLE 99,800
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WILLIAMS COS INC DEL COM 969457100 5,806 147,000 SH SOLE 147,000
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WILLIAMS COS INC DEL CALLS 9694571AG 395 10,000 SH CALL SOLE 10,000
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