UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended: March 31, 2000
Beford Falls Investors, L.P.
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Name of Institutional Investment Manager
660 Madison Avenue New York New York 10021
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Business Address (Street) (City) (State) (Zip)
13F File Number: 28-03479
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, and tables, are considered integral parts of this form.
Name, Title and Telephone Number of Person Submitting Report:
Karen Finerman President (212) 486-8100
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Name (Title) (Phone)
Signature, Place and Date of Signing:
/s/ Karen Finerman
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Karen Finerman
660 Madison Avenue
New York, New York 10021
05//00
Report Type:
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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Form 13F SUMMARY PAGE
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 65
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Form 13F Information Table Value Total: $147,088,000
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION TABLE
BEFORD FALLS INVESTORS, L.P.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VALUE SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3Com Corp COM 885535104 556 10000 10000 10000
AK Steel Holding Corp. COM 001547108 1242 119700 119700 119700
America Online Inc. COM 02364J104 1031 15292 15292 15292
ARV Assisted Living COM 00204C107 790 549500 549500 549500
At Home Corp COM 045919107 2437 73974 SERA 73974 73974
AT&T COM 001957109 1071 19000 19000 19000
Atlantic Richfield COM 048825103 5950 70000 CALL 70000 70000
B.F. Goodrich & Co COM 382388106 892 31080 31080 31080
Boeing COM 097023905 1607 42500 CALL 42500 42500
Bogen Communications Int'l COM 097189104 6930 825043 825043 825043
C Cube Microsystems Inc. COM 125015107 2294 31500 31500 31500
Cable & Wireless Communication SPONS ADR 12682P104 1519 90000 90000 90000
Canadian Occidental Petroleum COM 136420106 1376 60000 60000 60000
CE Franklin Ltd. COM 125151100 661 91200 91200 91200
Columbia Energy Group COM 19764808 1778 30000 CALL 30000 30000
Columbus McKinnon Corp. COM 199333105 4550 350000 350000 350000
Critical Path COM 22674V100 608 7154 7154 7154
DaimlerChrysler AG ORD D1668R123 4111 62823 62823 62823
Dana Corp COM 235811106 705 25000 25000 25000
Dominion Res Inc. VA New COM 25746U109 1538 40000 40000 40000
Earthgrains COM 270319106 744 50000 50000 50000
Edwards Lifesciences Corp COM 28176E 108 678 50000 50000 50000
Maxcor Financial Group, Inc. COM 31769Q108 40 15000 15000 15000
Forest Oil Corporation COM 346091606 611 57500 57500 57500
General Dynamics Corp COM 369550108 1990 40000 40000 40000
General Motors COM 370442105 4555 55000 55000 55000
General Motors COM 370442952 16563 200000 PUT 200000 200000
Global Crossing Ltd COM G3921A100 5866 143300 143300 143300
Global LT Telecomm COM 37934X100 1538 75000 75000 75000
Hartford Life Inc. COM 416592103 703 15000 15000 15000
John Hancock Financial Services COM 410145106 181 10000 10000 10000
Johnson & Johnson COM 478160104 3591 51120 51120 51120
Kellstrom Industries COM 488035106 829 145000 145000 145000
Kellstrom Industries COM 488035106 86 15000 WRNTS 15000 15000
LHS Group Inc. COM 501938104 1460 32500 32500 32500
Lucent Technologies Inc. COM 549463107 2302 37125 37125 37125
Manulife Financial Corp COM 56501R106 250 17000 17000 17000
Mattel Inc. COM 577081102 556 52920 52920 52920
MCI Worldcom COM 55268B106 5894 130081 130081 130081
McKesson HBOC, Inc. COM 58155Q103 420 20000 20000 20000
McKesson HBOC, Inc. COM 58155Q903 2100 100000 CALL 100000 100000
MediaOne Group COM 58440J104 2430 30000 30000 30000
MediaOne Group COM 58440J904 7695 95000 CALL 95000 95000
Nabisco Holdings Corp COM 629526104 6450 200000 CLA 200000 200000
Palm Inc. COM 696642907 4936 110000 PUT 110000 110000
Paradyne Networks Inc. COM 69911G107 620 20000 20000 20000
Philip Morris COM 718154907 2432 117200 CALL 117200 117200
Quintiles Transnational Corp. COM 748762101 510 29890 29890 29890
Roslyn Bancorp Inc COM 778162107 1136 63755 63755 63755
Scottish Power COM 81013T705 1217 150800 150800 150800
Seagate Technology Inc. COM 811804103 1205 20000 20000 20000
Southdown Inc. COM 841297104 593 10000 10000 10000
TC Pipelines LP COM 87233Q108 386 24400 24400 24400
The Walt Disney Co. COM 254687106 2475 60000 CALL 60000 60000
Tyco International Inc COM 902124106 3146 62762 62762 62762
US West COM 91273H101 7928 110000 CALL 110000 110000
Viskase Companies COM 92831R102 0 10400 10400 10400
Vodafone Airtouch Plc ADR 92857T107 1295 23300 23300 23300
Warner Lambert COM 934488907 6336 65000 CALL 65000 65000
Westell Technologies Inc COM 957541105 2240 70290 CLA 70290 70290
Westminster Capital COM 960631109 85 31800 31800 31800
Willis Lease Finance Corp COM 970646105 183 29800 29800 29800
Wyndham International Inc. COM 983101106 300 160000 160000 160000
York International Corp COM 986670107 234 10000 10000 10000
York International Corp COM 986670907 655 28000 CALL 28000 28000
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