UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR
Form 13F COVER PAGE
Report for the Calendar Year of Quarter Ended: December 31, 1999
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: Thales Fund Management, LLC
Address: 140 Broadway, 45th Floor
New York, New York 10005
Form 13F File Number: 28-
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: Marek T. Fludzinski
Title: Chairman & President
Phone: (201) 653-0110
Signature, Place, and Date of Signing:
/s/ Marek T. Fludzinski Hoboken, New Jersey 2/14/00
[Signature] [City, State] [Date]
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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 199
Form 13F Information Table Value Total: $ 739,947
(thousands)
List of Other Included Managers:
None
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Item 2: Item 3: Item 4: Item 5: Item 6: Item 7:
Item 1: Title of CUSIP Value Shares or Investment Other Item 8:
Name of Issuer Class Number (x $1000) Prn Amt SH/PRN Discretion Managers Voting Authority
(a)Sole (b)Shared (c)None
ABBOTT LABS COM 2824100 (7,847) (216,100) SH SOLE
ABERC FITCH A CL A 2896207 6,781 254,100 SH SOLE 254,100
ACE LTD ORD G0070K103 224 13,400 SH SOLE 13,400
ALLERGAN INC COM 18490102 (2,478) (49,800) SH SOLE
ALLSTATE CP COM 20002101 4,915 204,800 SH SOLE 204,800
ALLTEL CORP COM 20039103 5,780 69,900 SH SOLE 69,900
AMBAC FINL COM 23139108 (68) (1,300) SH SOLE
AMER EAGLE OUTF COM 02553E106 2,894 64,300 SH SOLE 64,300
AMER ELEC PWR COM 25537101 (173) (5,400) SH SOLE
AMER EXPRESS CO COM 25816109 (9,377) (56,400) SH SOLE
AMER HOME PRODS COM 26609107 8,550 216,800 SH SOLE 216,800
AMER INTL GROUP COM 26874107 (5,222) (48,300) SH SOLE
AMERADA HESS COM 23551104 (420) (7,400) SH SOLE
AMERICAN GENERAL COM 26351106 (5,486) (72,300) SH SOLE
AMSOUTH BANCORP COM 32165102 2,215 114,700 SH SOLE 114,700
ANADARKO PETE COM 32511107 (3,597) (105,400) SH SOLE
ANHEUSER BUSCH COM 35229103 851 12,000 SH SOLE 12,000
AON CORP COM 37389103 (5,216) (130,400) SH SOLE
ARCHER-DANIELS COM 39483102 (455) (37,300) SH SOLE
ASSOCIATES FST CL A 46008108 9,268 337,800 SH SOLE 337,800
AT & T COM 1957109 5,501 108,400 SH SOLE 108,400
ATLANTIC RICHFLD COM 48825103 649 7,500 SH SOLE 7,500
AVERY DENNISON COM 53611109 (2,296) (31,500) SH SOLE
AVON PRODS INC COM 54303102 (2,607) (79,000) SH SOLE
AXA FINANCIAL COM 2451102 (3,337) (98,500) SH SOLE
BAKER HUGHES INC COM 57224107 5,876 279,000 SH SOLE 279,000
BANK OF AMERICA COM 60505104 9,164 182,600 SH SOLE 182,600
BANK OF NEW YORK COM 64057102 (9,300) (232,500) SH SOLE
BANK ONE CORP COM 06423A103 (2,286) (71,300) SH SOLE
BAXTER INTL INC COM 71813109 4,698 74,800 SH SOLE 74,800
BB&T CORP COM 54937107 1,495 54,600 SH SOLE 54,600
BEAR STEARNS COS COM 73902108 (3,151) (73,700) SH SOLE
BELL ATLANTIC COM 77853109 3,269 53,100 SH SOLE 53,100
BELLSOUTH CORP COM 79860102 (899) (19,200) SH SOLE
BEST BUY CO INC COM 86516101 7,458 148,600 SH SOLE 148,600
BESTFOODS COM 08658U101 (2,512) (47,800) SH SOLE
BOWATER INC COM 102183100 2,341 43,100 SH SOLE 43,100
BRISTOL MYERS SQ COM 110122108 2,503 39,000 SH SOLE 39,000
BURLINGTON RES COM 122014103 6,186 187,100 SH SOLE 187,100
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Item 2: Item 3: Item 4: Item 5: Item 6: Item 7:
Item 1: Title of CUSIP Value Shares or Investment Other Item 8:
Name of Issuer Class Number (x $1000) Prn Amt SH/PRN Discretion Managers Voting Authority
(a)Sole (b)Shared (c)None
CAMPBELL SOUP CO COM 134429109 2,538 65,600 SH SOLE 65,600
CAROLINA P&L CO COM 144141108 (271) (8,900) SH SOLE
CENTURYTEL INC COM 156700106 284 6,000 SH SOLE 6,000
CHAMPION INTL COM 158525105 3,679 59,400 SH SOLE 59,400
CHARLES SCHWAB COM 808513105 3,565 92,900 SH SOLE 92,900
CHASE MANHATTAN COM 16161A108 1,639 21,100 SH SOLE 21,100
CHEVRON CORP COM 166751107 7,173 82,800 SH SOLE 82,800
CHUBB CORP COM 171232101 (5,023) (89,200) SH SOLE
CIGNA CORP COM 125509109 5,333 66,200 SH SOLE 66,200
CIRC CITY STORES COM 172737108 (338) (7,500) SH SOLE
CITIGROUP COM 172967101 (4,517) (81,300) SH SOLE
CLOROX CO COM 189054109 (5,229) (103,800) SH SOLE
CMS ENERGY CORP COM 125896100 (1,460) (46,800) SH SOLE
COCA COLA CO COM 191216100 2,225 38,200 SH SOLE 38,200
COLGATE PALMOLIV COM 194162103 (2,600) (40,000) SH SOLE
CONCORD EFS INC COM 206197105 2,336 90,700 SH SOLE 90,700
CONSECO INC COM 208464107 54 3,000 SH SOLE 3,000
CONSOL EDISON COM 209115104 (1,004) (29,100) SH SOLE
COOPER CAMERON COM 216640102 (2,966) (60,600) SH SOLE
COSTCO WHOLESAL COM 22160K105 7,364 80,700 SH SOLE 80,700
COUNTRYWIDE CRED COM 222372104 149 5,900 SH SOLE 5,900
CVS CORP DELAW COM 126650100 (7,257) (181,700) SH SOLE
DAYTON HUDSON CP COM 239753106 (6,117) (83,300) SH SOLE
DEVON ENERGY COM 25179M103 2,226 67,700 SH SOLE 67,700
DIAMOND OFFSHORE COM 25271C102 4,404 144,100 SH SOLE 144,100
DOLLAR GEN COM 256669102 3,049 134,000 SH SOLE 134,000
DOMINION RES INC COM 257470104 985 25,100 SH SOLE 25,100
DONALDSN LUF DLJ COM DLJ 257661108 3,710 76,700 SH SOLE 76,700
DUKE ENERGY COM 264399106 (1,003) (20,000) SH SOLE
EASTMAN KODAK COM 277461109 (6,943) (104,800) SH SOLE
EDISON INTL COM 281020107 (969) (37,000) SH SOLE
EL PASO ENERGY COM 283905107 (2,872) (74,000) SH SOLE
ELI LILLY COM 532457108 (8,100) (121,800) SH SOLE
EMERSON ELECTRIC COM 291011104 75 1,300 SH SOLE 1,300
ENRON CORP COM 293561106 (6,008) (135,400) SH SOLE
ENSCO INTL COM 26874Q100 3,095 135,300 SH SOLE 135,300
ENTERGY CP COM 29364G103 559 21,700 SH SOLE 21,700
EXXON MOBIL COM 30231G102 (6,872) (85,300) SH SOLE
FANNIE MAE COM 313586109 4,552 72,900 SH SOLE 72,900
FED DEPT STRS COM 31410H101 (7,003) (138,500) SH SOLE
FIFTH THR BNCP COM 316773100 (3,324) (45,300) SH SOLE
FINOVA GROUP COM 317928109 948 26,700 SH SOLE 26,700
FIRST TN NATL COM 337162101 504 17,700 SH SOLE 17,700
FIRST UNION CORP COM 337358105 (8,659) (263,900) SH SOLE
FIRSTAR CORP COM 33763V109 1,417 67,100 SH SOLE 67,100
FLEETBOSTON FINL CORP COM 339030108 1,229 35,300 SH SOLE 35,300
FOREST LABS COM 345838106 (3,397) (55,300) SH SOLE
FORT JAMES CORP COM 347471104 684 25,000 SH SOLE 25,000
FORTUNE BRANDS COM 349631101 1,792 54,200 SH SOLE 54,200
FPL GROUP INC COM 302571104 (1,010) (23,600) SH SOLE
FREDDIE MAC COM 313400301 (377) (8,000) SH SOLE
<PAGE>
Item 2: Item 3: Item 4: Item 5: Item 6: Item 7:
Item 1: Title of CUSIP Value Shares or Investment Other Item 8:
Name of Issuer Class Number (x $1000) Prn Amt SH/PRN Discretion Managers Voting Authority
(a)Sole (b)Shared (c)None
GANNETT CO INC COM 364730101 (2,553) (31,300) SH SOLE
GAP INC COM 364760108 (7,530) (163,700) SH SOLE
GENERAL ELEC CO COM 369604103 (7,583) (49,000) SH SOLE
GENERAL MILLS COM 370334104 4,551 127,300 SH SOLE 127,300
GEORGIA-PACIFIC COM GA PAC GRP 373298108 (4,354) (85,800) SH SOLE
GILLETTE CO COM 375766102 (3,822) (92,800) SH SOLE
GLAXO WELL PLC Sponsored ADR 37733W105 2,699 48,300 SH SOLE 48,300
GOLDEN WEST FIN COM 381317106 (2,255) (67,300) SH SOLE
GTE CORP COM 362320103 5,398 76,500 SH SOLE 76,500
H J HEINZ CO COM 423074103 (374) (9,400) SH SOLE
HALLIBURTON CO COM 406216101 1,348 33,500 SH SOLE 33,500
HARTFORD FINL COM 416515104 (5,159) (108,900) SH SOLE
HERSHEY FOODS CP COM 427866108 2,375 50,000 SH SOLE 50,000
HOME DEPOT INC COM 437076102 (8,536) (124,500) SH SOLE
HOUSEHOLD INTL COM 441815107 8,020 215,300 SH SOLE 215,300
ILLINOIS TOOL WK COM 452308109 7,371 109,100 SH SOLE 109,100
J C PENNEY CO COM 708160106 2,588 129,800 SH SOLE 129,800
J P MORGAN & CO COM 616880100 7,547 59,600 SH SOLE 59,600
JOHNSON&JOHNSON COM 478160104 3,790 40,700 SH SOLE 40,700
KERR MCGEE CORP COM 492386107 378 6,100 SH SOLE 6,100
KEYCORP NEW COM 493267108 259 11,700 SH SOLE 11,700
K-MART CORP COM 482584109 (2,378) (236,300) SH SOLE
KNIGHT RIDDER COM 499040103 (143) (2,400) SH SOLE
KOHLS CORP COM 500255104 6,504 90,100 SH SOLE 90,100
KROGER CO COM 501044101 (998) (52,900) SH SOLE
LEHMAN BROS COM 524908100 (4,785) (56,500) SH SOLE
LINCOLN NATL COM 534187109 3,716 92,900 SH SOLE 92,900
LOWES COMPANIES COM 548661107 (7,343) (122,900) SH SOLE
MARSH & MCLENNAN COM 571748102 (5,292) (55,300) SH SOLE
MAY DEPT STORES COM 577778103 3,541 109,800 SH SOLE 109,800
MBIA INC COM 55262C100 (3,348) (63,400) SH SOLE
MBNA CORP COM 55262L100 (2,621) (96,200) SH SOLE
MCDONALDS CORP COM 580135101 7,095 176,000 SH SOLE 176,000
MEAD CORP COM 582834107 (1,260) (29,000) SH SOLE
MELLON FINL CORP COM 58551A108 1,185 34,800 SH SOLE 34,800
MERCK & CO COM 589331107 7,987 119,100 SH SOLE 119,100
MERRILL LYNCH COM 590188108 (6,655) (79,700) SH SOLE
MINNESOTA MINING COM 604059105 7,429 75,900 SH SOLE 75,900
MS DEAN WITTER COM NEW 617446448 (9,493) (66,500) SH SOLE
NABORS INDS INC COM 629568106 (1,816) (58,700) SH SOLE
NATIONAL CITY COM 635405103 1,291 54,500 SH SOLE 54,500
NOBLE DRILLING COM 655042109 (5,116) (156,200) SH SOLE
NORDSTROM INC COM 655664100 (1,940) (74,100) SH SOLE
NORTHERN TRUST COM 665859104 (2,820) (53,200) SH SOLE
OCCIDENTAL PETE COM 674599105 (426) (19,700) SH SOLE
PAINE WEBBER GRP COM 695629105 1,091 28,100 SH SOLE 28,100
PEPSICO INC COM 713448108 (6,817) (193,400) SH SOLE
PFIZER INC COM 717081103 (3,747) (115,500) SH SOLE
PG&E CORP COM 69331C108 (281) (13,700) SH SOLE
PHARMACIA UPJOHN COM 716941109 8,163 181,400 SH SOLE 181,400
PHILIP MORRIS COM 718154107 (7,218) (311,300) SH SOLE
PHILLIPS PETRO COM 718507106 3,610 76,800 SH SOLE 76,800
PNC BANK CORP COM 693475105 4,339 97,500 SH SOLE 97,500
PPG IND COM 693506107 2,384 38,100 SH SOLE 38,100
PROCTER & GAMBLE COM 742718109 5,325 48,600 SH SOLE 48,600
PROGRESS CORP OH COM 743315103 3,547 48,500 SH SOLE 48,500
PROV FIN COM 74406A102 (5,063) (55,600) SH SOLE
PUBL SVC ENTER COM 744573106 (1,003) (28,800) SH SOLE
QUAKER OATS CO COM 747402105 (3,150) (48,000) SH SOLE
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Item 2: Item 3: Item 4: Item 5: Item 6: Item 7:
Item 1: Title of CUSIP Value Shares or Investment Other Item 8:
Name of Issuer Class Number (x $1000) Prn Amt SH/PRN Discretion Managers Voting Authority
(a)Sole (b)Shared (c)None
RELIASTAR FIN COM 75952U103 2,555 65,200 SH SOLE 65,200
RJR TOBACCO HLDS COM 76182K105 1,369 77,700 SH SOLE 77,700
ROWAN CO INC COM 779382100 (3,080) (142,000) SH SOLE
ROYAL DUTCH PETE NY REG GLD1.25 780257804 (6,993) (115,700) SH SOLE
SAFEWAY INC COM NEW 786514208 (3,994) (112,300) SH SOLE
SAKS INC COM 79377W108 1,500 96,400 SH SOLE 96,400
SARA LEE CORP COM 803111103 5,297 240,100 SH SOLE 240,100
SBC COMMS COM 78387G103 5,587 114,600 SH SOLE 114,600
SCHERING-PLOUGH COM 806605101 7,446 176,500 SH SOLE 176,500
SCHLUMBERGER LTD COM 806857108 6,368 113,200 SH SOLE 113,200
SEARS ROEBUCK COM 812387108 1,455 47,800 SH SOLE 47,800
SLM HOLDING CP COM 78442A109 2,531 59,900 SH SOLE 59,900
SMITH INTL INC COM 832110100 (4,373) (88,000) SH SOLE
SMITHKLINE ADR A Adr Rep Ord 832378301 3,596 55,800 SH SOLE 55,800
SOUTHERN CO COM 842587107 (989) (42,100) SH SOLE
ST PAUL COS COM 792860108 (3,817) (113,300) SH SOLE
ST STREET CP COM 857477103 (1,505) (20,600) SH SOLE
STAPLES INC COM 855030102 6,462 311,400 SH SOLE 311,400
SUNOCO INC COM 86764P109 (1,511) (64,300) SH SOLE
SUNTRUST BKS COM 867914103 (5,822) (84,600) SH SOLE
SYSCO CORP COM 871829107 4,055 102,500 SH SOLE 102,500
TANDY CP DEL COM 875382103 8,086 164,400 SH SOLE 164,400
TEMPLE INLAND COM 879868107 2,136 32,400 SH SOLE 32,400
TEXACO INC COM 881694103 7,137 131,400 SH SOLE 131,400
TEXAS UTILITIES COM 882848104 (935) (26,300) SH SOLE
THE LIMITED INC COM 532716107 (5,120) (118,200) SH SOLE
TIDEWATER INC COM 886423102 (1,235) (34,300) SH SOLE
TJX CO INC COM 872540109 5,009 245,100 SH SOLE 245,100
TOM HILFIGER CP ORD G8915Z102 2,751 118,000 SH SOLE 118,000
TRANSOCEAN OFF ORD G90076103 (3,963) (117,640) SH SOLE
TRIBUNE CO COM 896047107 3,194 58,000 SH SOLE 58,000
UNICOM CORP COM 904911104 (982) (29,300) SH SOLE
UNILEVER NV N Y SHS NEW 904784709 (3,250) (59,700) SH SOLE
UNOCAL CORP DEL COM 915289102 1,735 51,700 SH SOLE 51,700
UNUMPROVIDENT COM 91529Y106 (3,716) (115,900) SH SOLE
US BANCORP COM 902973106 2,643 111,000 SH SOLE 111,000
US WEST COM 91273H101 (6,026) (83,700) SH SOLE
UST INC COM 902911106 383 15,200 SH SOLE 15,200
USX-MARATHON COM NEW 902905827 2,437 98,700 SH SOLE 98,700
WACHOVIA CORP COM 929771103 4,502 66,200 SH SOLE 66,200
WALGREEN CO COM 931422109 2,717 92,900 SH SOLE 92,900
WAL-MART STORES COM 931142103 (7,051) (102,000) SH SOLE
WARNER-LAMBERT COM 934488107 (4,548) (55,500) SH SOLE
WASHINGTN MUTUAL COM 939322103 4,612 177,400 SH SOLE 177,400
WEATHERFORD INTL COM 947074100 184 4,600 SH SOLE 4,600
WELLS FARGO & CO COM 949746101 8,921 220,600 SH SOLE 220,600
WEYERHAEUSER CO COM 962166104 (3,634) (50,600) SH SOLE
WILLAMETTE IND COM 969133107 1,077 23,200 SH SOLE 23,200
WILLIAMS SONOMA COM 969904101 2,732 59,400 SH SOLE 59,400
WM WRIGLEY JR COM 982526105 (3,293) (39,700) SH SOLE
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