UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: JUNE 30,1999
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: Paloma Securities LLC
Address: Two American Lane
Greenwich, CT 06836-2571
13F File Number: 28-3106
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: Patrick Iuliano
Title: Financial and Operations Principal
Phone: 203-861-8452
Signature, Place and Date of Signing:
Patrick Iuliano Greenwich, Connecticut AUGUST 10,1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 139
Form 13F Information Table Value Total: $637,640
List of Other Included Managers:
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABORATORIES COM 002824100 1815 40000 SH SOLE 40000
ADELPHIA COMM CV PFD 5.50% D CVPFD 006848402 1938 10000 SH SOLE 10000
<PLG>AEGON NV-AMER REG SHR ADR 007924103 80032 1103200 SH SOLE 1103200
ASSOCIATES FIRST CAPITAL - A COM 046008108 3137 71100 SH SOLE 71100
AMERICAN GENERAL CORP COM 026351106 965 12800 SH SOLE 12800
AMERICAN HOME PRODUCTS CORP COM 026609107 878 15300 SH SOLE 15300
ALLIED SIGNAL INC COM 019512102 1282 20350 SH SOLE 20350
ALKERMES CV PFD 6.50% CVPFD 01642T405 1510 32500 SH SOLE 32500
ALLSTATE CORP USD COM 020002101 1224 34100 SH SOLE 34100
AON CORP COM 037389103 2618 63450 SH SOLE 63450
APACHE CORP CV 6.50%2002*ACES CVPFD 037411600 3614 98750 SH SOLE 98750
ARMCO INC COM 042170100 1056 159350 SH SOLE 159350
ASPECT CV ZCPN 8/10/18 SDBCV 045237AE4 1946 9000000 PRN SOLE 9000000
AVONDALE INDUSTRIES INC COM 054350103 390 10000 SH SOLE 10000
AVADO FIN I CV $3.50-2027*TCNS CVPFD 05336Q205 3693 100000 SH SOLE 100000
AVIRON CV 5.75% 4/01/05 144A SDBCV 053762AA8 3200 3000000 PRN SOLE 3000000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 4969 7500000 PRN SOLE 7500000
BANK OF AMERICA CORP COM 060505104 425 5800 SH SOLE 5800
BB&T CORP COM 054937107 1541 42000 SH SOLE 42000
BELL ATLANTIC CORP COM 077853109 484 7400 SH SOLE 7400
BROWN FORMAN CORP CL A COM 115637100 399 6700 SH SOLE 6700
BAKER HUGHES INC COM 057224107 831 24800 SH SOLE 24800
BJ SERVICES CO WTS 04/12/00 RT 055482111 1068 35000 SH SOLE 35000
BELLSOUTH CORP COM 079860102 2209 47900 SH SOLE 47900
BALLARD MEDICAL PRODUCTS COM 058566100 1726 74050 SH SOLE 74050
<SYM>CHANCELLOR MED CV PFD 7% CVPFD 158915306 53835 348800 SH SOLE 348800
CONSOLIDATED PAPERS INC COM 209759109 803 30000 SH SOLE 30000
CHEVRON CORP COM 166751107 2357 24800 SH SOLE 24800
SEACOR CV 5.375% 11/15/06 SDBCV 811904AE1 6481 6500000 PRN SOLE 6500000
COMERICA INC COM 200340107 3810 64100 SH SOLE 64100
CONSECO INC COM 208464107 761 25000 SH SOLE 25000
CENTOCOR CV 4.75% 02/15/05 SDBCV 152342AE1 3876 3500000 PRN SOLE 3500000
COLTEC INDUSTRIES COM 196879100 1572 72500 SH SOLE 72500
CAMPBELL SOUP CO COM 134429109 1280 27600 SH SOLE 27600
CASE CORP COM 14743R103 963 20000 SH SOLE 20000
CMP GROUP INC COM 125887109 450 17200 SH SOLE 17200
CENTURY COMMUNICATIONS - CL A COM 156503104 5874 127700 SH SOLE 127700
COACH USA INC COM 18975L106 1940 46250 SH SOLE 46250
DOMINION RESOURCES INC COM 257470104 303 7000 SH SOLE 7000
DILLARD INC CL A COM 254067101 1089 31000 SH SOLE 31000
DAYTON HUDSON CORP COM 239753106 819 12600 SH SOLE 12600
VALHI INC CV 0.0% 10/20/7 SDBCV 918905AC4 13422 20254000 PRN SOLE 20254000
DUKE POWER CO COM 264399106 1007 18500 SH SOLE 18500
CONSOLIDATED EDISON INC COM 209115104 914 20200 SH SOLE 20200
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 6645 6295000 PRN SOLE 6295000
EQUITY RES CV PFD $2.15 SER J CVPFD 29476L826 1035 37000 SH SOLE 37000
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 6459 6958000 PRN SOLE 6958000
FEDERAL NATL MTG ASSN COM 313586109 1352 19800 SH SOLE 19800
FINOVA GROUP INC COM 317928109 442 8400 SH SOLE 8400
SPRINT CORP CV 8.25%2000*DECS CVPFD 852061407 17281 195500 SH SOLE 195500
FRONTIER CORP COM 35906P105 4690 80000 SH SOLE 80000
FIRST UNION CORP (N.C) COM 337358105 4661 98900 SH SOLE 98900
GILLETTE COMPANY COM 375766102 2103 51300 SH SOLE 51300
<ACQ>GULFSTREAM AEROSPACE CORP COM 402734107 2493 36900 SH SOLE 36900
GLOBAL CROSSING LTD COM G3921A100 345 8105 SH SOLE 8105
GANNETT INC COM 364730101 928 13000 SH SOLE 13000
GENESCO CV 5.50% 04/15/05 144A SDBCV 371532AK8 3624 4000000 PRN SOLE 4000000
GLAXO WELLCOME PLC ADR USD ADR 37733W105 2809 49600 SH SOLE 49600
GENERAL MOTORS CORP COM 370442105 1650 25000 SH SOLE 25000
GLOBAL TE CV 8.75 6/30/00 144A SDBCV 37936UAA2 2039 500000 PRN SOLE 500000
HOUSEHOLD INTL INC COM 441815107 474 10000 SH SOLE 10000
HALTER CV 4.50% 09/15/04 144A SDBCV 40642YAA3 309 500000 PRN SOLE 500000
H J HEINZ CO COM 423074103 1539 30700 SH SOLE 30700
HUMANA INC COM 444859102 388 30000 SH SOLE 30000
HEWLETT CV ZCPN 10/14/17 144A SDBCV 428236AA1 981 1500000 PRN SOLE 1500000
IMC GLOBAL INC COM 449669100 956 55000 SH SOLE 55000
INTERNATIONAL PAPER CO COM 460146103 3734 74300 SH SOLE 74300
JEFFERSON PILOT CORP COM 475070108 768 11600 SH SOLE 11600
K MART CV 7.75%2016*TCPS CVPFD 498778208 12522 215000 SH SOLE 215000
COCA COLA COMPANY COM 191216100 1550 25000 SH SOLE 25000
LEVEL ONE COMMUNICATIONS INC COM 527295109 2342 47860 SH SOLE 47860
LITTLEFUSE INC WTS 12/27/01 RT 537008120 469 30000 SH SOLE 30000
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 4367 74958 SH SOLE 74958
LILLY (ELI) & CO COM 532457108 1418 19800 SH SOLE 19800
LOCKHEED MARTIN CORP COM 539830109 1363 36600 SH SOLE 36600
MASCO CORP COM 574599106 462 16000 SH SOLE 16000
MACROCHEM CORP/DELAWARE COM 555903103 444 74700 SH SOLE 74700
MEDIMMUNE CV 7.00% 7/01/03 SDBCV 584699AC6 56872 8260000 PRN SOLE 8260000
MEDIMMUNE CV 7.00% 7/1/03 144A SDBCV 584699AA0 20656 3000000 PRN SOLE 3000000
MERRILL LYNCH & CO COM 590188108 5008 63000 SH SOLE 63000
MERCK & CO COM 589331107 2834 38500 SH SOLE 38500
MAIL-WELL CV 5.00% 11/01/02 SDBCV 560321AD3 7515 7000000 PRN SOLE 7000000
NAB CV PF 7.875% UNIT CVPFD 632525309 23828 787500 SH SOLE 787500
NATIONAL CITY CORP COM 635405103 1552 23700 SH SOLE 23700
NINE WEST CV 5.5% 7/15/03 SDBCV 65440DAC6 2537 2531000 PRN SOLE 2531000
QUANEX CORP CV 6.88% 06/30/07 SDBCV 747620AC6 4733 4505000 PRN SOLE 4505000
NEW YORK TIMES CO CL A COM 650111107 1078 29300 SH SOLE 29300
OAK IND CV 4.875% 3/01/08 144A SDBCV 671400AJ8 2897 2250000 PRN SOLE 2250000
OLD NATL BANC CV 8.00% 9/15/12 SDBCV 680033AA5 3328 1425000 PRN SOLE 1425000
PHILLIPS PETROLEUM CO COM 718507106 1097 21800 SH SOLE 21800
PFIZER INC COM 717081103 501 4600 SH SOLE 4600
PROCTER & GAMBLE COM 742718109 5882 65900 SH SOLE 65900
PIONEER HI-BRED INTL INC COM 723686101 2239 57500 SH SOLE 57500
PHILIPPINE CV PFD $3.50 SR III CVPFD 718252703 13128 251500 SH SOLE 251500
PAREXEL INTL CORP COM 699462107 1048 78750 SH SOLE 78750
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 508 500000 PRN SOLE 500000
QUADRAMED CV 5.25% 05/01/05 SDBCV 74730WAC5 1264 2213000 PRN SOLE 2213000
RITE AID CORP COM 767754104 1773 72000 SH SOLE 72000
ROYAL CARIB CV PFD 7.25% SR A CVPFD V7780T111 11234 82300 SH SOLE 82300
RICHFOOD HOLDINGS INC COM 763408101 881 50000 SH SOLE 50000
SEARS ROEBUCK & CO COM 812387108 379 8500 SH SOLE 8500
SANMINA CV 4.25% 5/01/04 144A SDBCV 800907AA5 5519 5000000 PRN SOLE 5000000
SBC COMMUNICATIONS COM 78387G103 2512 43300 SH SOLE 43300
SBC COMM CV 7.75%2001*DECS CVPFD 78387G202 9085 128900 SH SOLE 128900
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1259 1509000 PRN SOLE 1509000
SEALED AIR CV PFD $2.00 - SR A CVPFD 81211K209 5177 83500 SH SOLE 83500
SKYTEL COMMUNICATIONS INC COM 83087Q104 1047 50000 SH SOLE 50000
SCHLUMBERGER LTD COM 806857108 2732 42900 SH SOLE 42900
SARA LEE CORP COM 803111103 4126 181833 SH SOLE 181833
ST PAUL COMPANIES COM 792860108 340 10700 SH SOLE 10700
SAPIENS INTL CORP COM N7716A102 5628 566332 SH SOLE 566332
<ACQ>PENSKE MOTORSPORTS INC COM 709598106 789 15900 SH SOLE 15900
S&P 500 DEPOSITORY RECEIPT COM 78462F103 2465 17993 SH SOLE 17993
SUNTRUST BANKS INC COM 867914103 805 11600 SH SOLE 11600
STMICROELECTRO CV ZCPN 6/10/08 SDBCV 861012AA0 6698 5240000 PRN SOLE 5240000
AT&T CORP COM 001957109 401 7186 SH SOLE 7186
TRANSAMERICA CORP COM 893485102 6563 87500 SH SOLE 87500
TELEBANC FINANCIAL CORP COM 87925R109 2511 64800 SH SOLE 64800
TCA CABLE TV COM 872241104 2553 46000 SH SOLE 46000
TENNECO INC NEW COM 88037E101 2638 110500 SH SOLE 110500
TEMPLE INLAND INC COM 879868107 1860 27100 SH SOLE 27100
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 24026 23500000 PRN SOLE 23500000
TOTAL SA ADR ADR 89151E109 451 7000 SH SOLE 7000
TEXAS UTILITIES CO (HLDG) COM 882848104 3277 79050 SH SOLE 79050
TAIWAN EQUITY FUND INC COM 874031107 224 16600 SH SOLE 16600
MEDIAONE GROUP INC COM 58440J104 6024 81000 SH SOLE 81000
US BANCORP COM 902973106 1068 32000 SH SOLE 32000
US WEST INC COM 91273H101 4836 82300 SH SOLE 82300
VF CORP COM 918204108 1428 33400 SH SOLE 33400
SEAGRAM CO LTD COM 811850106 212 4200 SH SOLE 4200
SEAGRAMS CO CV 7.50%2002*ACES CVPFD 811850205 8608 171700 SH SOLE 171700
VARLEN CORP COM 922248109 3175 78400 SH SOLE 78400
WESTVACO CORP USD COM 961548104 731 25200 SH SOLE 25200
WAL-MART STORES INC COM 931142103 458 9500 SH SOLE 9500
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 17344 18483000 PRN SOLE 18483000
WEYERHAEUSER CO COM 962166104 4881 71000 SH SOLE 71000
WYMAN GORDON CO COM 983085101 1252 64850 SH SOLE 64850
EXXON CORP COM 302290101 3617 46900 SH SOLE 46900
YOUTH SERVICES CV 7.0% 2/01/06 SDBCV 987816AB1 1400 1750000 PRN SOLE 1750000
</TABLE>
