13F-HR/A 1 acmca11q03.txt AKANTHOS CAPITAL MGMT This filing lists securities holdings reported on the Form 13F filed on May 15, 2003 pursuant to a request for confidential treatment and for which that request was denied on February 5, 2004. 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, 2003 Check here if Amendment [ x ]; Amendment Number: 1 This Amendment (Check only one.): [ ] is a restatement. [ X ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Akanthos Capital Management, LLC Address: 21700 Oxnard Street, Suite 1520 Woodland Hills, CA 91367-7584 13F File Number: 28-10430 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: Michael Kao Title: Managing Member Phone: (818)456-5220 Signature, Place, and Date of Signing: /s/ Michael Kao Woodland Hills, CA February 13, 2004 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 22 Form13F Information Table Value Total: $102,650 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 28-10433 Akanthos Arbitrage Master Fund, L.P. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CHARMING SHOPPES INC NOTE 4.750% 6/0 161133AC7 5168 6500000 PRN DEFINED 01 6500000 0 0 FREEPORT-MCMORAN COPPER & GO PFD CV 0.05SH 35671D501 8339 400000 SH DEFINED 01 400000 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D907 853 50000 SH CALL DEFINED 01 0 0 0 GENERAL MTRS CORP DEB SR CONV B 370442733 21412 950000 SH DEFINED 01 950000 0 0 GENERAL MTRS CORP CL H NEW 370442832 1960 175000 SH DEFINED 01 175000 0 0 HOUSEHOLD INTL INC COM 441815957 1367 50000 SH PUT DEFINED 01 0 0 0 ISIS PHARMACEUTICALS INC DEL NOTE 5.500% 5/0 464337AC8 2273 3500000 PRN DEFINED 01 3500000 0 0 KULICKE & SOFFA INDS INC NOTE 4.750%12/1 501242AE1 1639 2500000 PRN DEFINED 01 2500000 0 0 MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 4880 5775000 PRN DEFINED 01 5775000 0 0 NETWORKS ASSOCS INC NOTE 5.250% 8/1 64123LAB7 8624 7500000 PRN DEFINED 01 7500000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 2223 3000000 PRN DEFINED 01 3000000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 5187 7000000 PRN DEFINED 01 7000000 0 0 OMNICOM GROUP INC COM 681919956 5417 100000 SH PUT DEFINED 01 0 0 0 PACIFICARE HEALTH SYS DEL COM 695112952 2414 100000 SH PUT DEFINED 01 0 0 0 PACIFICARE HEALTH SYS DEL DBCV 3.000%10/1 695112AG7 6991 7500000 PRN DEFINED 01 7500000 0 0 SUN MICROSYSTEMS INC COM 866810904 163 50000 SH CALL DEFINED 01 0 0 0 TENET HEALTHCARE CORP COM 88033G900 835 50000 SH CALL DEFINED 01 0 0 0 TYCO INTL LTD NEW COM 902124906 1929 150000 SH CALL DEFINED 01 0 0 0 TYCO INTL LTD NEW COM 902124906 1286 100000 SH CALL DEFINED 01 0 0 0 VERIZON GLOBAL FDG CORP NOTE 5/1 92344GAN6 11812 20000000 PRN DEFINED 01 20000000 0 0 XL CAP LTD COM G98255955 5 10000 SH PUT DEFINED 01 0 0 0 XL CAP LTD DBCV 5/2 98372PAB4 7873 12500000 PRN DEFINED 01 12500000 0 0