ING BARINGS LLC /BD
13F-HR, 1999-08-06
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<PAGE>

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  6/30/99
                                               ------------

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:  ING Baring LLC
       -----------------------------------
Address: 230 Park Avenue
        ----------------------------------
         NY, NY 10169
        ----------------------------------

Form 13F File Number: 28-7338
                         -----------------

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:  Steven D. Blecher
       ------------------------------------
Title:   Vice Chairman
       ------------------------------------
Phone:   212-309-8373
       ------------------------------------

Signature, Place, and Date of Signing:

     Steven D. Blecher        New York, NY              6/30/99
- -------------------------  ------------------         -----------
       (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).)


List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]

         Form 13F File Number               Number

         28-
            -----------------               ----------------------------------
         [Repeat as necessary.]
<PAGE>

                             Form 13F SUMMARY PAGE


Report Summary:


Number of Other Included Managers:                                  0
                                                               ------------
Form 13F Information Table Entry Total:                            164
                                                               ------------
Form 13F Information Table Value Total:                          $385,091
                                                               ------------
                                                               (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.

[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]

    No.            Form 13F File Number                Name







<PAGE>

ING BARING FURMAN SELZ LLC
13-F QUARTERLY FILING as of 6/30/99

<TABLE>
<CAPTION>
                                                                                 INVESTMENT DISCRETION                 VOTING
                                                                                 ---------------------           -------------------
                                   TITLE OF
       NAME OF ISSUES               CLASS     CUSIP      MARKET VALUE    SHARES  SOLE   SHARED   OTHER  MANAGERS  SOLE  SHARED  NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>     <C>         <C>             <C>       <C>   <C>      <C>    <C>      <C>    <C>     <C>
ABACUS DIRECT CORP                   COM    002553105   14,234,793.80   156,000    X                            156,000
ADAC LABORATORIES NEW                COM    005313200      145,000.00    20,000    X                             20,000
AERIAL COMMUNICATIONS INC            COM    007655103      135,000.00    10,000    X                             10,000
AIRGAS INC                           COM    009363102    1,598,625.00   130,500    X                            130,500
AKORN INC                            COM    009728106      152,818.76    38,000    X                             38,000
AMERICA ONLINE INC-DEL               COM    02364J104    2,289,650.00    20,800    X                             20,800
AMNEX INC NEW                        COM    031674203       50,457.60    90,000    X                             90,000
ARDENT SOFTWARE INC                  COM    039794102      212,500.00    10,000    X                             10,000
ASPECT DEVELOPMENT INC               COM    045234101    1,294,293.20    70,000    X                             70,000
AT HOME CORP-SER A                   COM    045919107    2,157,503.30    40,000    X                             40,000
ASTORIA FINANCIAL CORP               COM    046265104      636,906.25    14,500    X                             14,500
AUDIOVOX CORP CL A                   COM    050757103      330,000.00    30,000    X                             30,000
BMC SOFTWARE INC                     COM    055921100    4,049,237.40    75,000    X                             75,000
BANK UNITED CORP-CL A                COM    065412108      803,543.75    20,000    X                             20,000
BERKSHIRE REALTY CO INC              COM    084710102      849,846.00    73,500    X                             73,500
BRASS EAGLE INC                      COM    10553F106      899,537.50    48,000    X                             48,000
C-CUBE MICROSYSTEMS INC              COM    125015107      500,593.75    15,800    X                             15,800
CALTON INC NEW                       COM    131380206      303,750.00   270,000    X                            270,000
CAMPBELL SOUP CO                     COM    134429109      408,100.00     8,800    X                              8,800
CAREY INTERNATIONAL INC              COM    141750109    2,955,000.00   120,000    X                            120,000
CELLULAR COMMUNICATIONS P R          COM    15116N108    1,495,785.00    52,500    X                             52,500
CENDANT CORP                         COM    151313103      512,500.00    25,000    X                             25,000
CENTRAL PARKING CORP                 COM    154785109    5,137,500.00   150,000    X                            150,000
CENTRIS GROUP INC (THE)              COM    155904105    1,450,912.50   143,300    X                            143,300
CHANCELLOR MEDIA CORP                COM    158915108    3,858,006.00    70,000    X                             70,000
CHECKFREE HOLDINGS CORP              COM    162816102    2,204,293.75    80,000    X                             80,000
CHRONIMED INC                        COM    171164106      852,500.00   110,000    X                            110,000
CITRIX SYSTEMS                       COM    177376100   20,147,900.00   356,600    X                            356,600
CITRIX SYSTEMS INC                   COM    177376100    4,068,011.20    72,400    X                             72,400
COMDISCO INC                         COM    200336105      768,750.00    30,000    X                             30,000
COMPUWARE CORP                       COM    205638109   10,192,356.25   320,500    X                            320,500
CONSECO INC                          COM    208464107    1,674,067.75    55,000    X                             55,000
CONSOLIDATED GRAPHICS INC. - T       COM    209341106    6,155,000.00   123,100    X                            123,100
CONSOLIDATED GRAPHICS INC-TEX        COM    209341106    1,345,000.00    26,900    X                             26,900
CORPORATE EXECUTIVE BOARD CO         COM    21988R102      177,812.90     5,000    X                              5,000
CRITICAL PATH INC COM                COM    22674V100    1,156,031.25    20,900    X                             20,900
C3 INC-N.C.                          COM    22942P109      258,750.00    15,000    X                             15,000
CYTYC CORP                           COM    232946103    2,640,452.00   135,500    X                            135,500
DATA TRANSMISSION NETWORK CORP       COM    238017107    3,740,625.00   133,000    X                            133,000
DELUXE CORP                          COM    248019101      213,594.25     5,500    X                              5,500
DIAMOND HOME SERVICES INC            COM    252648100      199,750.00    47,000    X                             47,000
DIAMOND TECHNOLOGY PARTNERS          COM    252762109      447,295.40    20,000    X                             20,000
DISPATCH MANAGEMENT SERVICES         COM    254927106    1,168,107.86   420,000    X                            420,000
DIXON TICONDEROGA CO                 COM    255860108      674,250.00    62,000    X                             62,000
DOCUMENTUM INC                       COM    256159104      522,312.50    40,000    X                             40,000
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                                                 INVESTMENT DISCRETION                 VOTING
                                                                                 ---------------------           -------------------
                                   TITLE OF
       NAME OF ISSUES               CLASS     CUSIP      MARKET VALUE    SHARES  SOLE   SHARED   OTHER  MANAGERS  SOLE  SHARED  NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>     <C>         <C>             <C>       <C>   <C>      <C>    <C>      <C>    <C>     <C>
DOLLAR GENERAL CORP                  COM    256669102    4,350,000.00   150,000    X                            150,000
DOUBLECLICK INC                      COM    258609304    3,943,550.00    43,000    X                             43,000
DUCKWALL ALCO STORES INC NEW         COM    264142100      339,150.00    32,300    X                             32,300
E TRADE GROUP INC                    COM    269246104    7,985,462.50   200,000    X                            200,000
***ELAN CORP PLC-ADR                 COM    284131208      412,531.50    14,866    X                             14,866
FASTENAL CO                          COM    311900104    1,572,514.95    30,000    X                             30,000
FEDERATED DEPARTMENT STORES          COM    31410H101      794,063.05    15,000    X                             15,000
FLEXI INTERNATIONAL SOFTWARE I       COM    338923105      139,562.50   101,500    X                            101,500
FLEXIINTERNATIONAL SOFTWARE          COM    338923105       15,099.50    11,500    X                             11,500
GRC INTERNATIONAL INC                COM    361922107      446,250.00    52,500    X                             52,500
GENERAL DATACOMM INDUSTRIES          COM    369487103      151,512.50    52,700    X                             52,700
GENERAL INSTRUMENT CORP-DEL          COM    370120107      595,000.00    14,000    X                             14,000
GENESYS TELECOMMUNICATIONS           COM    371931106    2,623,939.80   105,000    X                            105,000
GLOBALSTAR L P CAP CORP              COM    379363AK0       33,250.00    50,000    X                             50,000
GRAND UN CO                          COM    386532402    1,075,848.75    99,500    X                             99,500
HANNAFORD BROS CO                    COM    410550107      133,750.00     2,500    X                              2,500
HEALTH MANAGEMENT SYSTEM INC         COM    42219M100      247,500.00    45,000    X                             45,000
HEIDRICK& STRUGGLES INTL INC         COM    422819102    3,178,700.00   167,300    X                            167,300
HEIDRICK & STRUGGLES INTL INC        COM    422819102      621,300.00    32,700    X                             32,700
HIBERNIA CORP-CL A                   COM    428656102      156,875.35    10,000    X                             10,000
HIGH SPEED ACCESS CORP               COM    42979U102    5,381,250.00   210,000    X                            210,000
HOLLINGER INTERNATIONAL              COM    435569108      219,687.50    18,500    X                             18,500
IGEN INC                             COM    449536101      410,662.50    14,100    X                             14,100
***ISG TECHNOLOGIES INC              COM    45021P302      323,175.00    83,400    X                             83,400
IXC COMMUNICATIONS INC               COM    450713102      491,218.50    12,500    X                             12,500
IXL ENTERPRISES INC                  COM    450718101      134,325.40     5,000    X                              5,000
IMRGLOBAL CORP                       COM    45321W106    6,545,000.00   340,000    X                            340,000
INAMED CORP                          COM    453235103    2,850,125.00   192,500    X                            192,500
INTELLIGENT LIFE CORP                COM    45816V100      262,500.00    40,000    X                             40,000
INTER TEL INC                        COM    458372109      656,350.00    36,000    X                             36,000
INTERNATIONAL NETWORK SERVICES       COM    460053101    2,824,750.00    70,000    X                             70,000
INTERNATIONAL TELECOMMUNI-           COM    46047F104    1,408,337.50    88,150    X                             88,150
IVAX CORP                            COM    465823102      211,875.00    15,000    X                             15,000
JONES PHARMA INC                     COM    480236108    1,771,372.80    45,000    X                             45,000
***A WTS KAP RESOURCES LTD           COM    485902118        3,412.50   487,500    X                            487,500
KEY ENERGY GROUP INC                 COM    492914106    3,699,656.25   038,500    X                          1,038,500
KEY ENERGY SERVICES INC              COM    492914106      810,582.50   227,500    X                            227,500
KORN FERRY INTL                      COM    500643200      595,000.00    35,000    X                             35,000
LEGATO SYSTEMS INC                   COM    524651106    5,197,500.00    90,000    X                             90,000
LIMITED INC                          COM    532716107    2,132,625.00    47,000    X                             47,000
MEDIAONE GROUP INC                   COM    58440J104    1,115,625.00    15,000    X                             15,000
MERCURY INTERACTIVE CORP             COM    589405109    8,755,312.50   247,500    X                            247,500
METROMEDIA INTERNATIONAL GROUP       COM    591695101      737,250.00    98,300    X                             98,300
MODIS PROFESSIONAL SVCS INC          COM    607830106      543,062.50    40,000    X                             40,000
MORTONS RESTAURANT GROUP INC         COM    619429103    1,334,380.75    70,000    X                             70,000
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                                                 INVESTMENT DISCRETION                 VOTING
                                                                                 ---------------------           -------------------
                                   TITLE OF
       NAME OF ISSUES               CLASS     CUSIP      MARKET VALUE    SHARES  SOLE   SHARED   OTHER  MANAGERS  SOLE  SHARED  NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>     <C>         <C>             <C>       <C>   <C>      <C>    <C>      <C>    <C>     <C>
MOTIVEPOWER INDUSTRIES INC           COM    61980K101      184,475.00    10,000    X                             10,000
MUSICLAND STORES CORP                COM    62758B109      269,800.00    28,400    X                             28,400
MUSTANG SOFTWARE INC                 COM    62820W107       61,719.10    12,500    X                             12,500
MYRIAD GENETICS INC                  COM    62855J104      549,000.00    61,000    X                             61,000
NTL INCORPORATED                     COM    629407107   26,330,281.25   305,500    X                            305,500
NTL INC                              COM    629407107    6,635,614.12    76,990    X                             76,990
NEW BRUNSWICK SCIENTIFIC CO          COM    642876106      195,437.50    28,000    X                             28,000
NEW HORIZONS WORLDWIDE INC           COM    645526104      185,156.25     9,375    X                              9,375
NEWSTAR MEDIA INC                    COM    652503103       31,063.25    20,000    X                             20,000
OCWEN ASSET INVESTMENT CORP          COM    67574M106      368,100.00    81,800    X                             81,800
ONESOURCE INFORMATION SEFVICES       COM    68272J106      439,250.00    50,200    X                             50,200
O REILLY AUTOMOTIVE INC              COM    686091109    5,539,000.00   110,000    X                            110,000
ORTHODONTIC CENTERS OF AMERICA       COM    68750P103    1,243,000.00    88,000    X                             88,000
PLD TELEKOM INC-DEL                  COM    69340T100      243,750.00    78,000    X                             78,000
PRI AUTOMATION INC                   COM    69357H106    2,537,500.00    70,000    X                             70,000
PAXSON COMMUNICATIONS CORP CL        COM    704231109      235,875.00    18,500    X                             18,500
PEREGRINE SYSTEMS INC                COM    71366Q101    3,723,318.75   145,000    X                            145,000
PHONE.COM INC                        COM    71920Q100    1,120,000.00    20,000    X                             20,000
PHYCOR INC                           COM    71940FAB6   41,869,343.75   759,000    X                            759,000
PINNACLE HOLDINGS INC                COM    72346N101    6,119,912.50   250,000    X                            250,000
PREMIER PARKS INC NEW                COM    740540208   10,657,500.00   290,000    X                            290,000
PREMIERE TECHNOLOGIES INC            COM    74058F102      103,376.00     9,000    X                              9,000
PROFIT RECOVERY GROUP                COM    743168106    9,933,481.25   210,000    X                            210,000
PROXICOM INC                         COM    744282104      640,906.25    25,000    X                             25,000
RARE MEDIUM GROUP INC                COM    75382N109      279,737.50    22,500    X                             22,500
RATIONAL SOFTWARE CORP               COM    75409P202    2,028,950.00    61,600    X                             61,600
RATIONAL SOFTWARE CORP NEW           COM    75409P202      441,369.20    13,400    X                             13,400
RAZORFISH INC CL A                   COM    755236106      359,506.25     9,700    X                              9,700
REGISTRY MAGIC INC                   COM    75913K103      105,800.81    24,000    X                             24,000
RENAISSANCE WORLDWIDE INC            COM    75968A109      398,160.76    50,000    X                             50,000
REPUBLIC SERVICES INC                COM    760759100      495,000.00    20,000    X                             20,000
RITE AID CORP                        COM    767754104      610,700.00    24,800    X                             24,800
SAFETY KLEEN CORP-NEW                COM    78648R203      172,187.50     9,500    X                              9,500
ST JUDE MEDICAL INC                  COM    790849103      534,375.00    15,000    X                             15,000
SAKS INC                             COM    79377W108    1,183,875.00    41,000    X                             41,000
SBARRO INC                           COM    805844107      392,407.75    14,500    X                             14,500
SIEBEL SYSTEMS INC                   COM    826170102    3,315,112.50    50,000    X                             50,000
SMITH-GARDNER & ASSO INC             COM    832059109      430,537.50    53,400    X                             53,400
SMITH-GARDNER & ASSOCIATES INC       COM    832059109       92,800.00    11,600    X                             11,600
SOFTNET SYSTEMS INC                  COM    833964109      557,295.40    20,000    X                             20,000
SOFTWARE COM INC                     COM    83402P104    2,318,758.15   100,000    X                            100,000
STERLING COMMERCE INC                COM    859205106    1,816,375.00    49,500    X                             49,500
STRIDE RITE CORP                     COM    863314100      103,125.35    10,000    X                             10,000
SYBRON CORP-DEL                      COM    87114F106      523,687.50    19,000    X                             19,000
THQ INC NEW                          COM    872443403    2,895,586.00   100,750    X                            100,750
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                                                 INVESTMENT DISCRETION                 VOTING
                                                                                 ---------------------           -------------------
                                   TITLE OF
       NAME OF ISSUES               CLASS     CUSIP      MARKET VALUE    SHARES  SOLE   SHARED   OTHER  MANAGERS  SOLE  SHARED  NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>     <C>         <C>             <C>       <C>   <C>      <C>    <C>      <C>    <C>     <C>
TESCO CORP RESTRICTED                COM    872876998      552,750.00   100,500    X                            100,500
TSI INTERNATIONAL SOFTWARE LTD       COM    872879101    2,922,625.00   103,000    X                            103,000
TMP WORLDWIDE INC                    COM    872941109    5,080,000.00    80,000    X                             80,000
TECHNOLOGY SOLUTIONS CO              COM    87872T108    2,644,045.15   245,000    X                            245,000
TERADYNE INC                         COM    880770102    4,305,000.00    60,000    X                             60,000
***TESCO CORP                        COM    88157K101      405,375.00    75,000    X                             75,000
TETRA TECHNOLOGIES INC - DEL         COM    88162F105      475,000.00    50,000    X                             50,000
TRANS WORLD ENTERTAINMENT CORP       COM    89336Q100    2,060,325.00   183,600    X                            183,600
TRANSMEDIA NETWORK INC NEW           COM    893767301       43,312.75    11,000    X                             11,000
TRICON GLOBAL RESTAURANTS INC        COM    895953107    1,082,500.00    20,000    X                             20,000
TRIMERIS INC                         COM    896263100      569,850.00    39,300    X                             39,300
UUCAR INTERNATIONAL INC              COM    90262K109      631,250.00    25,000    X                             25,000
UCAR INTERNATIONAL INC               COM    90262K109      252,500.00    10,000    X                             10,000
U S FRANCHISE SYSTEMS INC CL-A       COM    902956101    1,152,418.75    49,700    X                             49,700
U S FRANCHISE SYSTEMS INC-CL A       COM    902956309      238,836.40    10,300    X                             10,300
UOL PUBLISHING INC                   COM    903196103      145,000.00    20,000    X                             20,000
UNILAB CORP                          COM    904763109      207,600.00    34,600    X                             34,600
UNITED INTERNATIONAL HOLDINGS        COM    910734102   15,519,937.50   229,500    X                            229,500
UNITEDGLOBALCOM                      COM    913247102    1,750,000.00    35,000    X                             35,000
UNIVERSAL ELECTRONICS INC            COM    913483103      448,625.00    16,000    X                             16,000
USWEB CORP                           COM    917327108    3,328,137.25   150,000    X                            150,000
VIGNETTE CORP                        COM    926734104    5,274,225.00    70,000    X                             70,000
VISTA INFORMATION SOLUTIONS IN       COM    928365204      534,187.50    46,200    X                             46,200
WASTE SYSTEMS INTERNATIONAL          COM    94106P209      113,953.13    16,500    X                             16,500
WINSTAR COMMUNICATIONS INC           COM    975515107      706,875.00    14,500    X                             14,500
WORLDWATER CORP                      COM    98155N106       48,011.00   117,100    X                            117,100
***CORECOMM LIMITED                  COM    G2422R109    3,785,437.50    78,500    X                             78,500
***GEMSTAR INTERNATIONAL GROUP       COM    G3788V106    7,275,375.00   111,500    X                            111,500
***GILAT SATELLITE NETWORKS          COM    M51474100    2,966,250.00    56,500    X                             56,500

                             TOTAL MKT VALUE           385,091,225.59
                                                       ==============
</TABLE>



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