UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or 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: 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 FEBRUARY 14,2000
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: 230
Form 13F Information Table Value Total: $934,211
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 1692 46600 SH SOLE 46600
<ACQ>ADFORCE INC COM 006867105 1142 16000 SH SOLE 16000
ADVANCED ENE CV 5.25% 11/15/06 SDBCV 007973AA8 2350 2000000 PRN SOLE 2000000
AFLAC INC COM 001055102 2784 59000 SH SOLE 59000
(CLD) AMFM INC CV PFD 7% CVPFD 001693209 75412 348800 SH SOLE 348800
ASSOCIATES FIRST CAPITAL - A COM 046008108 3045 111000 SH SOLE 111000
AMERICAN GENERAL CORP COM 026351106 334 4400 SH SOLE 4400
<ACQ>ASSOCIATED GROUP INC CL A COM 045651106 1825 20000 SH SOLE 20000
AMERADA HESS CORP COM 023551104 568 10000 SH SOLE 10000
AMERICAN HOME PRODUCTS CORP COM 026609107 2696 68700 SH SOLE 68700
ALKERMES CV PFD 6.50% CVPFD 01642T405 9445 108250 SH SOLE 108250
ALLSTATE CORP USD COM 020002101 1396 58000 SH SOLE 58000
AMGEN INC COM 031162100 2403 40000 SH CALL SOLE 0
AMAZON.COM INC COM 023135106 761 10000 SH PUT SOLE 0
ABERCROMBIE & FITCH CO CL A COM 002896207 1460 54700 SH SOLE 54700
ANNTAYLOR CV .55% 6/18/19 144A SDBCV 036115AA1 1073 2000000 PRN SOLE 2000000
AMERICA ONLINE INC COM 02364J104 3794 50000 SH CALL SOLE 0
ATLANTIC RICHFIELD COM 048825103 5839 67500 SH SOLE 67500
AGL RESOURCES INC COM 001204106 1736 102100 SH SOLE 102100
ATMI INC COM 00207R101 436 13200 SH SOLE 13200
AVIRON CV 5.75% 4/01/05 144A SDBCV 053762AA8 1757 2500000 PRN SOLE 2500000
AVON PRODUCTS INC COM 054303102 1056 32000 SH SOLE 32000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 3722 7500000 PRN SOLE 7500000
BANK OF AMERICA CORP COM 060505104 5064 100900 SH SOLE 100900
BB&T CORP COM 054937107 3698 135100 SH SOLE 135100
BOISE CASCADE CORP COM 097383103 1215 30000 SH SOLE 30000
BELL ATLANTIC CORP COM 077853109 1361 22100 SH SOLE 22100
BROWN FORMAN CORP CL A COM 115637100 216 4000 SH SOLE 4000
BANK OF NEW YORK CO INC COM 064057102 400 10000 SH CALL SOLE 0
BELLSOUTH CORP COM 079860102 384 8200 SH SOLE 8200
BRISTOL MYERS SQUIBB COM 110122108 1213 18900 SH SOLE 18900
BOWATER INC USD COM 102183100 462 8500 SH SOLE 8500
BROADWING CV 7.25% 2007 SER A CVPFD 111620209 42093 127267 SH SOLE 127267
BROADWING CV PFD 6.75% SER-B CVPFD 111620407 5480 92150 SH SOLE 92150
BEAR STEARNS COMPANIES COM 073902108 1729 40425 SH SOLE 40425
CATERPILLAR INC COM 149123101 2424 51500 SH SOLE 51500
COCA COLA ENTERPRISES INC. COM 191219104 1180 58600 SH SOLE 58600
CENDANT CORP COM 151313103 6821 256800 SH SOLE 256800
COEUR D'ALENE CV 7%2000*MARCS CVPFD 192108207 442 113350 SH SOLE 113350
CONSTELLATION ENERGY GRP COM 210371100 4637 159900 SH SOLE 159900
CEPHALON CV 7.25%2049 144A CVPFD 156708307 4015 40000 SH SOLE 40000
COASTAL CORP COM 190441105 1754 49500 SH SOLE 49500
CHEVRON CORP COM 166751107 3829 44200 SH SOLE 44200
CINERGY CORP COM 172474108 2523 105400 SH SOLE 105400
CONECTIV INC COM 206829103 3282 195200 SH SOLE 195200
COMERICA INC COM 200340107 2456 52600 SH SOLE 52600
CHASE MANHATTAN CORP (NEW) COM 16161A108 427 5500 SH SOLE 5500
CHASE MANHATTAN CORP (NEW) COM 16161A108 777 10000 SH PUT SOLE 0
COMCAST CORP SPECIAL CL A COM 200300200 1517 30000 SH CALL SOLE 0
CMS ENERGY CORP COM 125896100 1301 41700 SH SOLE 41700
CONSECO INC COM 208464107 445 25000 SH SOLE 25000
<ACQ>CONNECTICUT ENERGY CORP COM 207567108 1606 41300 SH SOLE 41300
<ACQ>CONSOLIDAT NATURAL GAS CO COM 209615103 8780 135200 SH SOLE 135200
COMPUWARE CORP COM 205638109 745 20000 SH CALL SOLE 0
CSX CORP COM 126408103 979 31200 SH SOLE 31200
CTG RESOURCES INC COM 125957100 1143 32900 SH SOLE 32900
CMP GROUP INC COM 125887109 888 32200 SH SOLE 32200
C-CUBE MICROSYSTEMS ICN COM 125015107 697 11200 SH PUT SOLE 0
CVS CORP COM 126650100 3647 91450 SH SOLE 91450
VALHI INC CV 0.0% 10/20/7 SDBCV 918905AC4 9457 15254000 PRN SOLE 15254000
THE WALT DISNEY CO COM 254687106 731 25000 SH SOLE 25000
DIAL CORP COM 25247D101 571 23500 SH SOLE 23500
DPL INC COM 233293109 263 15200 SH SOLE 15200
DEVON ENERGY CORPORATION COM 25179M103 2572 78229 SH SOLE 78229
EMPIRE DISTRICT ELECTRIC CO COM 291641108 538 23800 SH SOLE 23800
EL PASO ELECTRIC CO COM 283677854 5498 560350 SH SOLE 560350
EASTERN ENTERPRISES COM 27637F100 3010 52400 SH SOLE 52400
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 2852 3250000 PRN SOLE 3250000
EQUITY RES CV PFD $2.15 SER J CVPFD 29476L826 969 37000 SH SOLE 37000
EDUCATIONAL VIDEO CONF COM 281505107 680 33600 SH SOLE 33600
FAMILY DOLLAR STORES COM 307000109 305 18700 SH SOLE 18700
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 5835 6158000 PRN SOLE 6158000
FINOVA GROUP INC COM 317928109 227 6400 SH SOLE 6400
SPRINT CORP<FON GROUP> COM 852061100 2019 30000 SH SOLE 30000
FLORIDA PROGRESS CORP COM 341109106 317 7500 SH SOLE 7500
FPL GROUP INC COM 302571104 11812 275900 SH SOLE 275900
FEDERAL HOME LN MTG CORP COM 313400301 791 16800 SH SOLE 16800
FOUR SEASONS CV ZCPN 9/23/29 SDBCV 35100EAD6 5262 17000000 PRN SOLE 17000000
FIRST UNION CORP (N.C) COM 337358105 4173 126700 SH SOLE 126700
NICOR INC COM 654086107 1082 33300 SH SOLE 33300
GLOBAL CROSSING LTD COM G3921A100 2500 50000 SH CALL SOLE 0
GANNETT INC COM 364730101 1484 18200 SH SOLE 18200
GENESCO CV 5.50% 04/15/05 144A SDBCV 371532AK8 1700 2000000 PRN SOLE 2000000
GUIDANT CORP COM 401698105 1128 24000 SH SOLE 24000
GENZYME CORP - GENL DIVISION COM 372917104 1575 35000 SH CALL SOLE 0
GENERAL INSTRUMENT CORP - NEW COM 370120107 12164 143100 SH SOLE 143100
GAP INC COM 364760108 1398 30400 SH SOLE 30400
GPU INC COM 36225X100 7884 265000 SH SOLE 265000
GOODYEAR TIRE & RUBBER CO COM 382550101 702 25000 SH SOLE 25000
GTE CORP COM 362320103 1450 20550 SH SOLE 20550
HOUSEHOLD INTL INC COM 441815107 3018 81000 SH SOLE 81000
HARTFORD FIN SVCS GROUP INC COM 416515104 749 15800 SH SOLE 15800
H J HEINZ CO COM 423074103 4614 115900 SH SOLE 115900
HOMESTORE.COM INC COM 437852106 371 5000 SH CALL SOLE 0
HONEYWELL INTL INC COM 438516106 1442 25000 SH SOLE 25000
HONEYWELL INTL INC COM 438516106 1731 30000 SH CALL SOLE 0
HARBINGER CORP COM 41145C103 318 10000 SH PUT SOLE 0
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 1634 1720000 PRN SOLE 1720000
HEWLETT CV ZCPN 10/14/17 144A SDBCV 428236AA1 1026 1500000 PRN SOLE 1500000
HEWLETT PACKARD CO COM 428236103 5119 45000 SH CALL SOLE 0
IBM-INTL BUSINESS MACHINE CORP COM 459200101 3236 30000 SH CALL SOLE 0
INTL FLAVORS & FRAGRANCES COM 459506101 214 5700 SH SOLE 5700
ILLINOVA CORP COM 452317100 619 17800 SH SOLE 17800
IMMUNEX CORP COM 452528102 1095 10000 SH PUT SOLE 0
INKTOMI CORP COM 457277101 320 3600 SH SOLE 3600
INKTOMI CORP COM 457277101 1331 15000 SH PUT SOLE 0
INTERNATIONAL PAPER CO COM 460146103 1411 25000 SH SOLE 25000
IPALCO ENTERPRISES INC COM 462613100 7253 425100 SH SOLE 425100
I2 TECH CV 5.25% 12/15/06 144A SDBCV 465754AD1 1445 1000000 PRN SOLE 1000000
JOHNSON CONTROLS COM 478366107 1081 19000 SH SOLE 19000
CLEAR CHANNEL WTS 02/27/02 RT 469858146 937 131250 SH SOLE 131250
PENNEY JC CO COM 708160106 931 46700 SH SOLE 46700
JONES INTERCABLE INC CL A COM 480206200 3608 52050 SH SOLE 52050
J P MORGAN & CO COM 616880100 2355 18600 SH SOLE 18600
KELLOGG CO COM 487836108 770 25000 SH SOLE 25000
KEANE INC COM 486665102 643 20000 SH PUT SOLE 0
KEYCORP COM 493267108 2279 103000 SH SOLE 103000
KULICK CV 4.75 12/15/06 144A SDBCV 501242AC5 14377 13070000 PRN SOLE 13070000
COCA COLA COMPANY COM 191216100 2913 50000 SH CALL SOLE 0
KROGER CO. COM 501044101 2152 114000 SH SOLE 114000
MBNA CORP COM 55262L100 2466 90500 SH SOLE 90500
KOHLS CORP COM 500255104 5039 69800 SH SOLE 69800
LITTLEFUSE INC WTS 12/27/01 RT 537008120 602 30000 SH SOLE 30000
LG&E ENERGY CORP USD COM 501917108 2452 140600 SH SOLE 140600
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 7149 103608 SH SOLE 103608
ALLIANT ENERGY CORP COM 018802108 1581 57500 SH SOLE 57500
MASCO CORP COM 574599106 2279 89800 SH SOLE 89800
MAY DEPARTMENT STORES CO COM 577778103 1129 35000 SH SOLE 35000
MCDONALDS CORP COM 580135101 8063 200000 SH SOLE 200000
MACROCHEM CORP/DELAWARE COM 555903103 313 74700 SH SOLE 74700
MCLEODUSA INC CL-A COM 582266102 1178 20000 SH PUT SOLE 0
MCN ENERGY GROUP INC COM 55267J100 1686 71000 SH SOLE 71000
MERRILL LYNCH & CO COM 590188108 5091 61100 SH SOLE 61100
METROMEDIA FIBER NETWORK-A COM 591689104 479 10000 SH PUT SOLE 0
MSC SOFTWARE CV 7.875% 8/18/4 SDBCV 553531AA2 378 432000 PRN SOLE 432000
PHILIP MORRIS COS INC COM 718154107 575 25000 SH SOLE 25000
MINNESOTA POWER INC COM 604110106 6162 363800 SH SOLE 363800
MRV COMM CV 5% 6/15/03 REGD SDBCV 553477AB6 2365 1000000 PRN SOLE 1000000
MINDSPRING ENT CV 5% 04/15/06 SDBCV 602683AA2 2873 3000000 PRN SOLE 3000000
MONSANTO CV 6.50%2001*ACES PFDCV 611662305 20729 627125 SH SOLE 627125
MONTANA POWER CO COM 612085100 12074 334800 SH SOLE 334800
MAIL-WELL CV 5.00% 11/01/02 SDBCV 560321AD3 7222 7700000 PRN SOLE 7700000
NAB CV PF 7.875% UNIT CVPFD 632525309 22079 800000 SH SOLE 800000
NATIONAL CITY CORP COM 635405103 3280 138500 SH SOLE 138500
NEW ERA OF NETWORKS INC COM 644312100 476 10000 SH PUT SOLE 0
<MAT>NOVACARE CV 5.50% 1/15/00 SDBCV 669930AA7 9857 10007000 PRN SOLE 10007000
NSTAR COM 67019E107 4273 105500 SH SOLE 105500
NORTHWEST NATURAL GAS CO COM 667655104 333 15200 SH SOLE 15200
QUANEX CORP CV 6.88% 06/30/07 SDBCV 747620AC6 4437 4505000 PRN SOLE 4505000
NEXTEL COMMUNICATIONS INC CL A COM 65332V103 773 7500 SH CALL SOLE 0
OGE ENERGY CORP COM 670837103 2043 107500 SH SOLE 107500
OLD KENT FINANCIAL CORP COM 679833103 368 10400 SH SOLE 10400
OLD NATL BANC CV 8.00% 9/15/12 SDBCV 680033AA5 3584 1425000 PRN SOLE 1425000
OMNIPOINT CORP COM 68212D102 12828 106350 SH SOLE 106350
BANK ONE CORP COM 06423A103 5190 162200 SH SOLE 162200
P G & E CORP COM 69331C108 5484 267500 SH SOLE 267500
COMCAST CV 2% 10/15/29*ZONES CVPFD 200300507 62141 625000 SH SOLE 625000
PROCTER & GAMBLE COM 742718109 1096 10000 SH SOLE 10000
PUBLIC SERVICE CO OF N.C. COM 744516105 827 25600 SH SOLE 25600
PHILIPPINE CV PFD $3.50 SR III CVPFD 718252703 12009 251500 SH SOLE 251500
PARAMETRIC TECHNOLOGY CORP COM 699173100 271 10000 SH CALL SOLE 0
PNC BANK CORP COM 693475105 1869 42000 SH SOLE 42000
PUBLIC SERVICE CO OF NEW MEX COM 744499104 569 35000 SH SOLE 35000
PHARMACIA & UPJOHN INC COM 716941109 1022 22700 SH SOLE 22700
PINNACLE WEST CAPITAL COM 723484101 4236 138600 SH SOLE 138600
PROTECTION ONE INC COM 743663304 296 152700 SH SOLE 152700
PPG INDUSTRIES INC COM 693506107 638 10200 SH SOLE 10200
PP&L RESOURCES INC COM 693499105 10202 446000 SH SOLE 446000
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 1292 1700000 PRN SOLE 1700000
PACTIV CORP COM 695257105 512 48200 SH SOLE 48200
QUALCOMM INC. COM 747525103 705 4000 SH PUT SOLE 0
NASDAQ 100 SHARES COM 631100104 4276 23400 SH SOLE 23400
QUINTILES CV 4.25% 5/31/00 SDBCV 748767AC4 7730 8000000 PRN SOLE 8000000
QWEST COMMUNICATIONS INTL COM 749121109 2150 50000 SH CALL SOLE 0
RALSTON PURINA GROUP COM 751277302 1450 52000 SH SOLE 52000
ROYAL CARIB CV PFD 7.25% SR A CVPFD V7780T111 12561 82300 SH SOLE 82300
RELIANT ENERGY INC COM 75952J108 1373 60000 SH SOLE 60000
REYNOLDS METALS CO COM 761763101 2452 32000 SH SOLE 32000
ROHM & HAAS CO COM 775371107 2425 59600 SH SOLE 59600
RSA SECURITY INC COM 749719100 388 5000 SH PUT SOLE 0
SBC COMMUNICATIONS COM 78387G103 2413 49500 SH SOLE 49500
STARBUCKS CORP COM 855244109 1213 50000 SH CALL SOLE 0
SCANA CORP COM 805898103 2991 111300 SH SOLE 111300
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1524 1783000 PRN SOLE 1783000
SIEBEL SYSTEMS INC COM 826170102 420 5000 SH CALL SOLE 0
SPEEDFAM - IPEC INC COM 847705100 2763 213600 SH SOLE 213600
SCHERING PLOUGH COM 806605101 12789 301800 SH SOLE 301800
SARA LEE CORP COM 803111103 466 21133 SH SOLE 21133
STANDARD MTR CV 6.75% 07/15/09 SDBCV 853666AB1 2000 2500000 PRN SOLE 2500000
SAPIENS INTL CORP COM N7716A102 6132 466332 SH SOLE 466332
S&P 500 DEPOSITORY RECEIPT COM 78462F103 2688 18300 SH SOLE 18300
STONE CONT CV PFD $1.75 SER E CVPFD 861589307 365 15600 SH SOLE 15600
AT&T CORP COM 001957109 2033 40000 SH CALL SOLE 0
TELEBANC FINANCIAL CORP COM 87925R109 3506 134850 SH SOLE 134850
TEMPLE INLAND INC COM 879868107 3072 46600 SH SOLE 46600
TJX COMPANIES INC COM 872540109 5396 264000 SH SOLE 264000
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 43392 33250000 PRN SOLE 33250000
TNP ENTERPRISES INC COM 872594106 8308 201400 SH SOLE 201400
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 6224 7355000 PRN SOLE 7355000
CROWN CASTLE INTL CORP COM 228227104 321 10000 SH PUT SOLE 0
TIME WARNER INC COM 887315109 2169 30000 SH CALL SOLE 0
TEXACO INC COM 881694103 2889 53200 SH SOLE 53200
TEXAS UTILITIES CO (HLDG) COM 882848104 1380 38800 SH SOLE 38800
UNOCAL CORP COM 915289102 1282 38200 SH SOLE 38200
UNITEDGLOBALCOM CV PF 7% CVPFD 913247201 1564 17500 SH SOLE 17500
UNITEDGLOBAL CV PFD 7.00% 144A CVPFD 913247102 3933 44000 SH SOLE 44000
UTILICORP UNITED INC COM 918005109 206 10600 SH SOLE 10600
ULTRAMAR DIAMOND SHAMROCK CP COM 904000106 953 42000 SH SOLE 42000
UNION CARBIDE CORP COM 905581104 2300 34450 SH SOLE 34450
MEDIAONE GROUP INC COM 58440J104 14602 190100 SH SOLE 190100
USEC INC COM 90333E108 3487 498100 SH SOLE 498100
US WEST INC COM 91273H101 17129 237900 SH SOLE 237900
UNITIL CORP COM 913259107 433 12100 SH SOLE 12100
UNITED TECHNOLOGIES COM 913017109 1300 20000 SH CALL SOLE 0
VION PHARMACEUTICALS INC COM 927624106 307 50100 SH SOLE 50100
VORNADO CV PFD 6.50% SR A CVPFD 929042208 3456 75000 SH SOLE 75000
WALGREEN CO COM 931422109 219 7500 SH CALL SOLE 0
WACHOVIA CORP COM 929771103 2298 33800 SH SOLE 33800
WASHINGTON GAS LIGHT CO COM 938837101 6245 227100 SH SOLE 227100
SICOR INC COM 929253102 3071 105200 SH SOLE 105200
WILLAMETTE INDUSTRIES COM 969133107 3808 82000 SH SOLE 82000
WASHINGTON MUTUAL INC COM 939322103 1589 61400 SH SOLE 61400
WASTE MANAGEMENT CV 4% 2/1/2 SDBCV 94106LAA7 4363 5000000 PRN SOLE 5000000
WAL-MART STORES INC COM 931142103 2018 29200 SH SOLE 29200
WMX TECH CV 2.00% 01/24/05 SDBCV 92929QAF4 2056 2500000 PRN SOLE 2500000
WESTERN RESOURCES INC COM 959425109 6700 395600 SH SOLE 395600
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 25910 25433000 PRN SOLE 25433000
EXXON MOBIL CORP COM 30231G102 1217 15100 SH SOLE 15100
YAHOO! INC COM 984332106 1817 4200 SH CALL SOLE 0
YAHOO! INC COM 984332106 1817 4200 SH PUT SOLE 0
</TABLE>
