You have to sift through the generated SQL for the one searching on TSRECORD. All the rest are for other fields and such. There will be one SQL statement that is the core search.
Only other way to do it is to either use SQL Server Analyzer or turn on logging on the workgroup server. But both of these will lead you to the same core SQL statement you'd see in the activity log pane.
Open the saved search window first, then turn on logging, double click your search, and then turn off logging. The SQL statements in the window will be those related to the search. Find the core one and you're good.