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, 2005
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: Leucadia National Corporation
Address: 315 Park Avenue South, 20th Floor
New York, NY 10010
Form 13F File Number: 028-11122
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: Joseph A. Orlando
Title: Vice President and Chief Financial Officer
Phone: 212-460-1900
Signature, Place, and Date of Signing:
/s/ Joseph A. Orlando New York, NY May 5, 2005
---------------------- ----------------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings are in this report, and all
holdings are reported by other reporting manager(s).)
[X] 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:
Dalton Investments
RCG Baldwin, LP
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 29
Form 13F Information Table Value Total: $281,832
List of Other Included Managers:
No. Form 13F File Number Name
1 Dalton Investments
2 RCG Baldwin, LP
FORM 13F INFORMATION TABLE
Col. 1 Col. 2 Col. 3 Col. 4 Col. 5
------ ------ ------ ------ ------
Value Shrs or Sh/ Put/
Name of Issuer Title of Class Cusip (x$1000) Prn Amt Prn Call
-------------- -------------- ----- -------- ------- --- ----
Accelrys Inc COM 00430U 10 3 207 34,917 SH
AMR Corp NOTE 4.500% 2/1 001765 BB 1 707 975,000 PRN
Agere Sys Inc NOTE 6.500% 12/1 00845V AA 8 1,264 1,236,000 PRN
Apogent Technologies Inc DBCV 12/1 03760A AK 7 1,349 1,146,000 PRN
Avnet Inc DBCV 2.000% 3/1 053807 AL 7 660 717,000 PRN
Beverly Enterprises Inc NOTE 2.750% 11/0 087851 AR 2 913 534,000 PRN
Centerpoint Energy Inc NOTE 3.750% 5/1 15189T AC 1 590 515,000 PRN
Disney Walt Co NOTE 2.125% 4/1 254687 AU 0 793 721,000 PRN
FEI Co COM 30241L 10 9 614 26,515 SH
Fluor Corp New NOTE 1.500% 2/1 343412 AA 0 453 400,000 PRN
Guitar Ctr Mgmt Inc NOTE 4.000% 7/1 402040 AC 3 328 200,000 PRN
International Assets Holding Co COM 459028 10 6 10,310 1,309,985 SH
Lowes Companies NOTE 0.861% 10/1 548661 CG 0 200 196,000 PRN
Lucent Technologies Inc DBCV 2.750% 6/1 549463 AG 2 683 646,000 PRN
Lucent Technologies Inc DBCV 2.750% 6/1 549463 AH 0 156 141,000 PRN
Medtronic Inc DBCV 1.250% 9/1 585055 AD 8 748 750,000 PRN
Merrill Lynch & Co Inc NOTE 3/1 590188 W4 6 1,269 1,260,000 PRN
Parkervision Inc COM 701354 10 2 8,810 1,123,680 SH
Redback Networks COM 757209 50 7 80 13,325 SH
Reebok Intl Ltd DBCV 2.000% 5/0 758110 AH 3 1,060 1,000,000 PRN
Safety Ins Group, Inc. COM 78648T 10 0 18,702 604,054 SH
Sci Sys Inc NOTE 3.000% 3/1 783890 AF 3 955 1,000,000 PRN
Spacehab Inc NOTE 8.000% 10/1 846243 AC 7 298 350,000 PRN
Supervalu Inc NOTE 11/0 868536 AP 8 127 375,000 PRN
Symyx Technologies, Inc. COM 87155S 10 8 441 20,000 SH
Tech Data Corp SDCV 2.000% 12/1 878237 AD 8 443 450,000 PRN
Veeco Instruments Inc. COM 922417 10 0 383 25,420 SH
White Mountains Insurance Group Ltd COM G9618E 10 7 228,188 375,000 SH
Yellow Roadway Corp. NOTE 5.000% 8/0 985577 AA 3 1,101 630,000 PRN
** TABLE CONTINUED **
Col. 1 Col. 6 Col. 7 Col. 8
------ ------ ------ --------------------------------
Investment Other Voting Authority
Name of Issuer Discretion Managers Sole Shared None
-------------- ---------- -------- ---- ------ ----
Accelrys Inc SOLE 34,917
AMR Corp DEFINED 2 975,000
Agere Sys Inc DEFINED 2 1,236,000
Apogent Technologies Inc DEFINED 2 1,146,000
Avnet Inc DEFINED 2 717,000
Beverly Enterprises Inc DEFINED 2 534,000
Centerpoint Energy Inc DEFINED 2 515,000
Disney Walt Co DEFINED 2 721,000
FEI Co SOLE 26,515
Fluor Corp New DEFINED 2 400,000
Guitar Ctr Mgmt Inc DEFINED 2 200,000
International Assets Holding Co SOLE 1,309,985
Lowes Companies DEFINED 2 196,000
Lucent Technologies Inc DEFINED 2 646,000
Lucent Technologies Inc DEFINED 2 141,000
Medtronic Inc DEFINED 2 750,000
Merrill Lynch & Co Inc DEFINED 2 1,260,000
Parkervision Inc SOLE 1,123,680
Redback Networks DEFINED 2 13,325
Reebok Intl Ltd DEFINED 2 1,000,000
Safety Ins Group, Inc. SOLE 604,054
Sci Sys Inc DEFINED 2 1,000,000
Spacehab Inc DEFINED 1 350,000
Supervalu Inc DEFINED 2 375,000
Symyx Technologies, Inc. SOLE 20,000
Tech Data Corp DEFINED 2 450,000
Veeco Instruments Inc. SOLE 25,420
White Mountains Insurance Group Ltd SOLE 375,000
Yellow Roadway Corp. DEFINED 2 630,000
** TABLE COMPLETE **