UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: SEPTEMBER 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 NOVEMBER 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: 199
Form 13F Information Table Value Total: $684,995
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ALBERTSON'S INC COM 013104104 6413 162100 SH SOLE 162100
ABBOTT LABORATORIES COM 002824100 4479 122100 SH SOLE 122100
ADAPTIVE CV 5.25% 12/15/03 SDBCV 00650MAA2 1497 1258000 PRN SOLE 1258000
AMFM INC CV PFD 7% CVPFD 001693209 58773 348800 SH SOLE 348800
ASSOCIATES FIRST CAPITAL - A COM 046008108 2286 63500 SH SOLE 63500
AMERICAN HOME PRODUCTS CORP COM 026609107 2361 56900 SH SOLE 56900
AMERITECH CORP COM 030954101 5310 79550 SH SOLE 79550
ALKERMES CV PFD 6.50% CVPFD 01642T405 6032 108250 SH SOLE 108250
AON CORP COM 037389103 1444 48850 SH SOLE 48850
APACHE CORP CV 6.50%2002*ACES CVPFD 037411600 3921 98750 SH SOLE 98750
AIR PRODUCTS & CHEMICALS INC COM 009158106 796 27200 SH SOLE 27200
ATLANTIC RICHFIELD COM 048825103 2216 25000 SH SOLE 25000
ARMCO INC COM 042170100 1173 167500 SH SOLE 167500
ASPECT CV ZCPN 8/10/18 SDBCV 045237AE4 2340 9000000 PRN SOLE 9000000
AVADO FIN I CV $3.50-2027*TCNS CVPFD 05336Q205 2888 100000 SH SOLE 100000
AVIRON CV 5.75% 4/01/05 144A SDBCV 053762AA8 2802 3000000 PRN SOLE 3000000
AVON PRODUCTS INC COM 054303102 2923 117800 SH SOLE 117800
ALZA CORP COM 022615108 4281 100000 SH SOLE 100000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 4247 7500000 PRN SOLE 7500000
ASTRAZENECA PLC SPONS ADR ADR 046353108 541 12800 SH SOLE 12800
BANK OF AMERICA CORP COM 060505104 2189 39300 SH SOLE 39300
BAXTER INTERNATIONAL COM 071813109 5423 90000 SH SOLE 90000
BB&T CORP COM 054937107 1324 40900 SH SOLE 40900
BROWN FORMAN CORP CL A COM 115637100 233 4000 SH SOLE 4000
BP AMOCO PLC - ADR ADR 055622104 9308 84000 SH SOLE 84000
BEAR STEARNS COMPANIES COM 073902108 600 15600 SH SOLE 15600
ANHEUSER BUSCH COMPANIES INC COM 035229103 9108 130000 SH SOLE 130000
CATERPILLAR INC COM 149123101 411 7500 SH SOLE 7500
CHUBB CORP USD COM 171232101 347 7000 SH SOLE 7000
COCA COLA ENTERPRISES INC. COM 191219104 815 36100 SH SOLE 36100
CENDANT CORP COM 151313103 340 19150 SH SOLE 19150
COEUR D'ALENE CV 7%2000*MARCS CVPFD 192108207 642 113350 SH SOLE 113350
CONSOLIDATED PAPERS INC COM 209759109 855 31800 SH SOLE 31800
CONSTELLATION ENERGY GRP COM 210371100 2648 94150 SH SOLE 94150
CEPHALON CV 7.25%2049 144A CVPFD 156708307 561 10000 SH SOLE 10000
COLUMBIA ENERGY GROUP COM 197648108 554 10000 SH SOLE 10000
CHIRON CORP COM 170040109 293 10600 SH SOLE 10600
CHEVRON CORP COM 166751107 3825 43100 SH SOLE 43100
CONECTIV INC COM 206829103 981 50000 SH SOLE 50000
SEACOR CV 5.375% 11/15/06 SDBCV 811904AE1 3880 4000000 PRN SOLE 4000000
COLGATE PALMOLIVE COM 194162103 2457 53700 SH SOLE 53700
CLOROX CO COM 189054109 383 10000 SH SOLE 10000
COMERICA INC COM 200340107 3078 60800 SH SOLE 60800
CMS ENERGY CORP COM 125896100 1174 34600 SH SOLE 34600
CENTOCOR INC COM 152342101 1903 32500 SH SOLE 32500
CENTOCOR CV 4.75% 02/15/05 SDBCV 152342AE1 3281 2500000 PRN SOLE 2500000
CONOCO INC CL-B COM 208251405 5571 203500 SH SOLE 203500
CASE CORP COM 14743R103 1121 22500 SH SOLE 22500
CMP GROUP INC COM 125887109 849 32200 SH SOLE 32200
CENTURY COMMUNICATIONS - CL A COM 156503104 5986 131200 SH SOLE 131200
DOMINION RESOURCES INC COM 257470104 451 10000 SH SOLE 10000
DUPONT EI DE NEMOURS & CO COM 263534109 1137 18800 SH SOLE 18800
DILLARD INC CL A COM 254067101 1432 70500 SH SOLE 70500
<AQC>DATA GENERAL CORP COM 237688106 5476 260000 SH SOLE 260000
VALHI INC CV 0.0% 10/20/7 SDBCV 918905AC4 9501 15254000 PRN SOLE 15254000
DELTA & PINE LAND CO COM 247357106 259 10000 SH SOLE 10000
DETROIT EDISON CO (DTE) COM 233331107 276 7600 SH SOLE 7600
CONSOLIDATED EDISON INC COM 209115104 951 22900 SH SOLE 22900
EL PASO ELECTRIC CO COM 283677854 262 29150 SH SOLE 29150
EASTERN ENTERPRISES COM 27637F100 3139 67600 SH SOLE 67600
EDISON INTERNATIONAL COM 281020107 2251 92600 SH SOLE 92600
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 4124 4545000 PRN SOLE 4545000
EQUITY RES CV PFD $2.15 SER J CVPFD 29476L826 996 37000 SH SOLE 37000
FAMILY DOLLAR STORES COM 307000109 606 28700 SH SOLE 28700
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 5296 6158000 PRN SOLE 6158000
FLOWERS INDUSTRIES INC COM 343496105 339 25000 SH SOLE 25000
FEDERAL NATL MTG ASSN COM 313586109 1242 19800 SH SOLE 19800
FINOVA GROUP INC COM 317928109 383 10500 SH SOLE 10500
SPRINT CORP CV 8.25%2000*DECS CVPFD 852061407 15249 195500 SH SOLE 195500
FPL GROUP INC COM 302571104 1008 20000 SH SOLE 20000
FIRST UNION CORP (N.C) COM 337358105 4062 114000 SH SOLE 114000
GILLETTE COMPANY COM 375766102 1528 45000 SH SOLE 45000
GLOBAL CROSSING LTD COM G3921A100 1969 74319 SH SOLE 74319
GLOBAL CROSSING LTD COM G3921A100 1325 50000 SH PUT SOLE 0
GANNETT INC COM 364730101 1107 16000 SH SOLE 16000
GENESCO CV 5.50% 04/15/05 144A SDBCV 371532AK8 1742 2000000 PRN SOLE 2000000
GENERAL INSTRUMENT CORP - NEW COM 370120107 2040 42500 SH SOLE 42500
GLAXO WELLCOME PLC ADR USD ADR 37733W105 2137 41100 SH SOLE 41100
GEORGIA PAC<GEORGIA-PAC GRP> COM 373298108 1525 37700 SH SOLE 37700
GENUINE PARTS CO COM 372460105 664 25000 SH SOLE 25000
GAP INC COM 364760108 4259 133100 SH SOLE 133100
GPU INC COM 36225X100 4598 140950 SH SOLE 140950
GOODYEAR TIRE & RUBBER CO COM 382550101 1203 25000 SH SOLE 25000
GTE CORPORATION COM 362320103 384 5000 SH SOLE 5000
GLOBAL TE CV 8.75 6/30/00 144A SDBCV 37936UAA2 1000 500000 PRN SOLE 500000
HALLIBURTON CO COM 406216101 5691 138800 SH SOLE 138800
HOUSEHOLD INTL INC COM 441815107 2969 74000 SH SOLE 74000
HARTFORD FIN SVCS GROUP INC COM 416515104 1848 45200 SH SOLE 45200
HILTON HOTELS CV 5.00% 5/15/06 SDBCV 432848AL3 2010 2500000 PRN SOLE 2500000
H J HEINZ CO COM 423074103 3694 85900 SH SOLE 85900
HERSHEY FOODS COM 427866108 881 18100 SH SOLE 18100
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 1981 1750000 PRN SOLE 1750000
HUMANA INC COM 444859102 361 52500 SH SOLE 52500
HEWLETT PACKARD CO COM 428236103 7931 87400 SH SOLE 87400
HEWLETT CV ZCPN 10/14/17 144A SDBCV 428236AA1 928 1500000 PRN SOLE 1500000
INTL NETWORK SVCS COM 460053101 3099 57000 SH SOLE 57000
INTERNATIONAL PAPER CO COM 460146103 264 5500 SH SOLE 5500
CLEAR CHANNEL WTS 02/27/02 RT 469858146 781 131250 SH SOLE 131250
JOHNSON & JOHNSON COM 478160104 10584 115200 SH SOLE 115200
JONES INTERCABLE INC CL A COM 480206200 2490 46050 SH SOLE 46050
J P MORGAN & CO COM 616880100 5827 51000 SH SOLE 51000
KEYCORP COM 493267108 645 25000 SH SOLE 25000
K MART CV 7.75%2016*TCPS CVPFD 498778208 11910 250000 SH SOLE 250000
COCA COLA COMPANY COM 191216100 1389 28800 SH SOLE 28800
MBNA CORP COM 55262L100 1346 59000 SH SOLE 59000
KING WORLD PRODUCTIONS INC COM 495667107 2816 75100 SH SOLE 75100
LEAR CORPORATION COM 521865105 352 10000 SH SOLE 10000
LITTLEFUSE INC WTS 12/27/01 RT 537008120 542 30000 SH SOLE 30000
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 5782 103608 SH SOLE 103608
LILLY (ELI) & CO COM 532457108 8677 135200 SH SOLE 135200
LOCKHEED MARTIN CORP COM 539830109 1197 36600 SH SOLE 36600
LINCOLN NATIONAL CORP COM 534187109 526 14000 SH SOLE 14000
MACROCHEM CORP/DELAWARE COM 555903103 448 74700 SH SOLE 74700
MEAD CORP COM 582834107 516 15000 SH SOLE 15000
MERRILL LYNCH & CO COM 590188108 2183 32400 SH SOLE 32400
MSC SOFTWARE CV 7.875% 8/18/4 SDBCV 553531AA2 272 312000 PRN SOLE 312000
PHILIP MORRIS COS INC COM 718154107 855 25000 SH SOLE 25000
MERCK & CO COM 589331107 3104 47900 SH SOLE 47900
MINDSPRING ENT CV 5% 04/15/06 SDBCV 602683AA2 2769 3000000 PRN SOLE 3000000
MONSANTO CV 6.50%2001*ACES PFDCV 611662305 4893 137450 SH SOLE 137450
MICRON TECHNOLOGY INC COM 595112103 319 4800 SH SOLE 4800
MAIL-WELL CV 5.00% 11/01/02 SDBCV 560321AD3 7546 7700000 PRN SOLE 7700000
MAYTAG CORP COM 578592107 1942 58300 SH SOLE 58300
NAB CV PF 7.875% UNIT CVPFD 632525309 22104 800000 SH SOLE 800000
NATIONAL CITY CORP COM 635405103 3280 122900 SH SOLE 122900
NIELSEN MEDIA RESEARCH COM 653929307 1673 45000 SH SOLE 45000
NEWELL RUBBERMAID INC COM 651229106 7889 276200 SH SOLE 276200
QUANEX CORP CV 6.88% 06/30/07 SDBCV 747620AC6 4577 4505000 PRN SOLE 4505000
OAK IND CV 4.875% 3/01/08 144A SDBCV 671400AJ8 2367 2250000 PRN SOLE 2250000
QUAKER OATS COM 747402105 390 6300 SH SOLE 6300
ORION CAPITAL CORP COM 686268103 2066 43600 SH SOLE 43600
OLD NATL BANC CV 8.00% 9/15/12 SDBCV 680033AA5 3190 1425000 PRN SOLE 1425000
OMNIPOINT CORP COM 68212D102 6512 116550 SH SOLE 116550
BANK ONE CORP COM 06423A103 9037 259600 SH SOLE 259600
PHILLIPS PETROLEUM CO COM 718507106 11755 241100 SH SOLE 241100
P G & E CORP COM 69331C108 475 18350 SH SOLE 18350
PECO ENERGY GROUP COM 693304107 1547 41250 SH SOLE 41250
PEPSICO INC COM 713448108 7857 257600 SH SOLE 257600
PROCTER & GAMBLE COM 742718109 2053 21900 SH SOLE 21900
PUBLIC SERVICE CO OF N.C. COM 744516105 507 16500 SH SOLE 16500
PIONEER HI-BRED INTL INC COM 723686101 3284 82750 SH SOLE 82750
PHILIPINE LONG DIST TELE - ADR ADR 718252604 207 9500 SH SOLE 9500
PHILIPPINE CV PFD $3.50 SR III CVPFD 718252703 10420 251500 SH SOLE 251500
PUBLIC SERVICE CO OF NEW MEX COM 744499104 482 26400 SH SOLE 26400
PHARMACIA & UPJOHN INC COM 716941109 1915 38600 SH SOLE 38600
PINNACLE WEST CAPITAL COM 723484101 3536 97200 SH SOLE 97200
PP&L RESOURCES INC COM 693499105 1976 73000 SH SOLE 73000
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 881 950000 PRN SOLE 950000
QUINTILES CV 4.25% 5/31/00 SDBCV 748767AC4 7740 8000000 PRN SOLE 8000000
RITE AID CORP COM 767754104 1133 82000 SH SOLE 82000
ROYAL CARIB CV PFD 7.25% SR A CVPFD V7780T111 11501 82300 SH SOLE 82300
ROYAL DUTCH PETROLEUM USD COM 780257804 803 13600 SH SOLE 13600
REYNOLDS METALS CO COM 761763101 2687 44500 SH SOLE 44500
REPUBLIC NY CORP COM 760719104 1069 17400 SH SOLE 17400
ROHM & HAAS CO COM 775371107 368 10200 SH SOLE 10200
ROBERTS PHARMACEUTICAL CORP COM 770491108 203 6709 SH SOLE 6709
SEARS ROEBUCK & CO COM 812387108 1170 37300 SH SOLE 37300
SBC COMMUNICATIONS COM 78387G103 3401 66600 SH SOLE 66600
SBC COMM CV 7.75%2001*DECS CVPFD 78387G202 7991 129300 SH SOLE 129300
SMITHKLINE BEECHAM PLC - ADR ADR 832378301 703 12200 SH SOLE 12200
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1162 1509000 PRN SOLE 1509000
SEALED AIR CV PFD $2.00 - SR A CVPFD 81211K209 4259 83500 SH SOLE 83500
SCHERING PLOUGH COM 806605101 436 10000 SH SOLE 10000
SKYTEL COMMUNICATIONS INC COM 83087Q104 916 50000 SH SOLE 50000
SCHLUMBERGER LTD COM 806857108 2916 46800 SH SOLE 46800
SARA LEE CORP COM 803111103 1719 73533 SH SOLE 73533
SOUTHERN CO COM 842587107 618 24000 SH SOLE 24000
SAPIENS INTL CORP COM N7716A102 6300 566332 SH SOLE 566332
STATE STREET CORP COM 857477103 1725 26700 SH SOLE 26700
SAFEWAY INC COM 786514208 1553 40800 SH SOLE 40800
AT&T CORP COM 001957109 1088 25000 SH SOLE 25000
TELEBANC FINANCIAL CORP COM 87925R109 2775 120650 SH SOLE 120650
<SYM>TENNECO INC OLD COM 88037E101 2780 163500 SH SOLE 163500
TEMPLE INLAND INC COM 879868107 1019 16700 SH SOLE 16700
TJX COMPANIES INC COM 872540109 1557 55500 SH SOLE 55500
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 29280 31000000 PRN SOLE 31000000
TESORO PETE CV 7.25%2001*PIES CVPFD 881609408 939 59400 SH SOLE 59400
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 7968 8545000 PRN SOLE 8545000
TEXAS UTILITIES CO (HLDG) COM 882848104 6139 164500 SH SOLE 164500
UNOCAL CORP COM 915289102 1797 48500 SH SOLE 48500
UTILICORP UNITED INC COM 918005109 421 20000 SH SOLE 20000
UNION CARBIDE CORP COM 905581104 1142 20100 SH SOLE 20100
MEDIAONE GROUP INC COM 58440J104 8659 126750 SH SOLE 126750
USA NETWORKS INC COM 902984103 357 9200 SH SOLE 9200
US BANCORP COM 902973106 362 12000 SH SOLE 12000
USG CORP COM 903293405 1600 33600 SH SOLE 33600
US WEST INC COM 91273H101 6516 114200 SH SOLE 114200
<ACQ>UNITRODE CORP COM 913283107 4979 118550 SH SOLE 118550
UNITED TECHNOLOGIES COM 913017109 1483 25000 SH SOLE 25000
SEAGRAMS CO CV 7.50%2002*ACES CVPFD 811850205 5854 127400 SH SOLE 127400
VITESSE SEMICONDUCTOR CORP COM 928497106 342 4000 SH SOLE 4000
WELLPOINT HLTH CV 0% 7/02/19 SDBCV 94973HAA6 7856 13400000 PRN SOLE 13400000
WILLIAMS COMPANIES INC COM 969457100 1671 44400 SH SOLE 44400
WASTE MANAGEMENT CV 4% 2/1/2 SDBCV 94106LAA7 4429 5000000 PRN SOLE 5000000
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 21407 20483000 PRN SOLE 20483000
WRIGLEY WM JR CO COM 982526105 1720 25000 SH SOLE 25000
WEYERHAEUSER CO COM 962166104 1389 24100 SH SOLE 24100
WYMAN GORDON CO COM 983085101 281 15050 SH SOLE 15050
EXXON CORP COM 302290101 6680 87900 SH SOLE 87900
</TABLE>
