13F-HR 1 d990443_13f-hr.txt 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, 2009 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Deltec Asset Management LLC Address: 623 Fifth Avenue New York, New York 10022 13F File Number: 028-10538 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: Stephen Zuppello Title: Senior Managing Director Phone: (212) 546-6285 Signature, Place and Date of Signing: /s/ Stephen Zuppello New York, New York April 30, 2009 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [ ] 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: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 112 Form 13F Information Table Value Total: $165,236 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- ADVANCED TECHNOLOGY ACQU COR *W EXP 6/18/201 007556111 1 39,800 SH SOLE NONE 39,800 ALESCO FINL INC COM 014485106 32 67,000 SH SOLE NONE 67,000 ALEXANDERS INC COM 014752109 357 2,096 SH SOLE NONE 2,096 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 5,251 193,900 SH SOLE NONE 193,900 ANADARKO PETE CORP COM 032511107 6,777 174,260 SH SOLE NONE 174,260 ANGLO AMERN PLC ARD NEW 03485P201 199 23,296 SH SOLE NONE 23,296 ARRIS GROUP INC COM 04269Q100 96 13,000 SH SOLE NONE 13,000 BANCO BRADESCO S A SP ADR PFD NEW 059460303 952 96,200 SH SOLE NONE 96,200 BANCO ITAU HLDG FINANCERIA S SP ADR 500 PFD 059602201 1,066 97,000 SH SOLE NONE 97,000 BANCO LATINAMERICANO DE EXP CL E P16994132 825 88,100 SH SOLE NONE 88,100 BANCOLOMBIA S A SPONS ADR PREF 05968L102 9,434 484,550 SH SOLE NONE 484,550 BANK OF AMERICA COM 060505104 987 144,719 SH SOLE NONE 144,719 BE AEROSPACE INC COM 073302101 2,370 273,300 SH SOLE NONE 273,300 BELDEN INC COM 077454106 1,812 144,827 SH SOLE NONE 144,827 BON-TON STORES INC COM 09776J101 405 231,442 SH SOLE NONE 231,442 BPW ACQUISITION CORP COM 055637102 468 50,000 SH SOLE NONE 50,000 BUNGE LIMITED COM G16962105 510 9,000 SH SOLE NONE 9,000 CALPINE CORP COM NEW 131347304 884 129,819 SH SOLE NONE 129,819 CANARGO ENERGY CORP COM 137225108 2 32,000 SH SOLE NONE 32,000 CELL THERAPEUTICS INC NOTE 4.00% 7/0 150934AF4 371 1,855,000 PRN SOLE NONE 1,855,000 CEMEX SAB DE CV SPON ADR NEW 151290889 595 95,149 SH SOLE NONE 95,149 CENTEX CORP COM 152312104 75 10,000 SH SOLE NONE 10,000 CHALLENGER ENERGY CORP COM 15758N101 4 10,000 SH SOLE NONE 10,000 CHUNGHWA TELECOM CO LTD SPONS ADR NEW 09 17133Q403 3,714 203,752 SH SOLE NONE 203,752 CISCO SYS INC COM 17275R102 916 54,621 SH SOLE NONE 54,621 CIT GROUP INC COM 125581108 162 57,000 SH SOLE NONE 57,000 CITIGROUP INC COM 172967101 88 34,594 SH SOLE NONE 34,594 CLIFFS NATURAL RESOURCES INC COM 18683K101 245 13,500 SH SOLE NONE 13,500 COMMSCOPE INC COM 203372107 2,056 181,000 SH SOLE NONE 181,000 COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 1,057 71,250 SH SOLE NONE 71,250 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 3,881 81,275 SH SOLE NONE 81,275 COMPANHIA ENERGETICA DE MINAS SP ADR N-V PFD 204409601 7,130 482,378 SH SOLE NONE 482,378 COMPANHIA PARANAESE ENERG C SPON ADR PFD 20441B407 104 10,000 SH SOLE NONE 10,000 COMPANHIA VALE DO RIO DOCE SPONSORED ADR 204412209 253 19,000 SH SOLE NONE 19,000 COMPANHIA VALE DO RIO DOCE SPON ADR PFD 204412100 7,021 622,450 SH SOLE NONE 622,450 CONEXANT SYS INC NOTE 4.000% 3/0 207142AH3 380 2,000,000 PRN SOLE NONE 2,000,000 CONSOLIDATED EDISON INC COM 209115104 238 6,000 SH SOLE NONE 6,000 COPA HOLDING SA CL A P31076105 8,380 292,300 SH SOLE NONE 292,300 CORNING INC COM 219350105 194 14,600 SH SOLE NONE 14,600 CPFL ENERGIA S A SPONSORED ADR 126153105 5,710 140,750 SH SOLE NONE 140,750 CREDICORP LTD COM G2519Y108 281 6,000 SH SOLE NONE 6,000 DEPOMED INC COM 249908104 4,388 1,859,472 SH SOLE NONE 1,859,472 DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 520 39,275 SH SOLE NONE 39,275 ECOPETROL S A SPONSORED ADS 279158109 165 10,000 SH SOLE NONE 10,000 EXTERRAN HLDGS INC COM 30225X103 753 47,000 SH SOLE NONE 47,000 EXXON MOBIL CORP COM 30231G102 388 5,699 SH SOLE NONE 5,699 FINISAR COM 31787A101 458 1,041,422 SH SOLE NONE 1,041,422 FORESTAR GROUP INC COM 346233109 176 23,000 SH SOLE NONE 23,000 GAFISA S A SPON ADR 362607301 150 15,000 SH SOLE NONE 15,000 GHL ACQUISITION CORP COM 36172H108 1,078 115,000 SH SOLE NONE 115,000 HALLIBURTON CO COM 406216101 817 52,800 SH SOLE NONE 52,800 HDFC BANK LTD ADR REPS 3 SHS 40415F101 238 3,900 SH SOLE NONE 3,900 HICKS ACQUISITION CO I INC COM 429086309 1,253 133,000 SH SOLE NONE 133,000 HONEYWELL INTL INC COM 438516106 248 8,900 SH SOLE NONE 8,900 HUNTINGTON BANCSHARES INC COM 446150104 154 93,000 SH SOLE NONE 93,000 ICICI BK LTD ADR 45104G104 993 74,750 SH SOLE NONE 74,750 INGERSOLL-RAND COMPANY LTD CL A G4776G101 958 69,560 SH SOLE NONE 69,560 ISHARES INC MSCI JAPAN 464286848 205 26,000 SH SOLE NONE 26,000 ISHARES TR FTSE XNHUA IDX 464287184 1,190 41,700 SH SOLE NONE 41,700 ISTAR FINL INC COM 45031U101 90 32,000 SH SOLE NONE 32,000 IXYS CORP COM 46600W106 3,625 449,721 SH SOLE NONE 449,721 JDS UNIPHASE CORP COM PAR $0.001 46612J507 426 131,000 SH SOLE NONE 131,000 JOHNSON & JOHNSON COM 478160104 333 6,336 SH SOLE NONE 6,336 JPMORGAN CHASE & CO COM 46625H100 346 13,000 SH SOLE NONE 13,000 MAGELLAN HEALTH SVCS INC COM NEW 559079207 203 5,570 SH SOLE NONE 5,570 MIRANT CORP NEW COM 60467R100 167 14,689 SH SOLE NONE 14,689 MORGAN STANLEY COM NEW 617446448 608 26,700 SH SOLE NONE 26,700 MOSAIC CO COM 61945A107 861 20,500 SH SOLE NONE 20,500 MUELLER WTR PRODS INC COM SER A 624758108 1,576 477,474 SH SOLE NONE 477,474 NATIONAL OILWELL VARCO INC COM 637071101 660 23,000 SH SOLE NONE 23,000 NEWELL RUBBERMAID INC COM 651229106 128 20,000 SH SOLE NONE 20,000 NORFOLK SOUTHERN CORP COM 655844108 1,620 48,000 SH SOLE NONE 48,000 NORTEL INVERSORA S A SPON ADR PFD B 656567401 300 71,700 SH SOLE NONE 71,700 ON SEMICONDUCTOR CORP COM 682189105 2,610 669,178 SH SOLE NONE 669,178 OPLINK COMMUNICATIONS INC COM NEW 68375Q403 217 28,162 SH SOLE NONE 28,162 OPNEXT INC COM 68375V105 106 61,700 SH SOLE NONE 61,700 P T TELECOMUNIKASI INDONESIA SPONSORED ADR 715684106 1,645 64,000 SH SOLE NONE 64,000 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 20,330 829,800 SH SOLE NONE 829,800 PHARMACEUTICAL PROD DEV INC COM 717124101 1,630 68,700 SH SOLE NONE 68,700 PHILIPPINE LONG DISTANCE TEL SPONSORED ADR 718252604 5,529 125,300 SH SOLE NONE 125,300 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 452 12,300 SH SOLE NONE 12,300 POINT 360 COM 730507100 141 114,601 SH SOLE NONE 114,601 POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 400 20,000 SH SOLE NONE 20,000 PRECISION CASTPARTS CORP COM 740189105 210 3,500 SH SOLE NONE 3,500 PROSHARES TR PSHS SH MSCI EMR 74347R396 406 5,600 SH SOLE NONE 5,600 SAPPHIRE INDUSTRIALS CORP COM 80306T109 1,039 109,000 SH SOLE NONE 109,000 SEMICONDUCTOR HLDRS RCPT DEP RCPT 816636203 258 13,800 SH SOLE NONE 13,800 SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 355 61,271 SH SOLE NONE 61,271 SLM CORP COM 78442P106 1,064 214,956 SH SOLE NONE 214,956 SOCIEDAD QUIMICA Y MINERA DE C SPON ADR SER B 833635105 1,620 61,000 SH SOLE NONE 61,000 SOUTHERN COPPER CORP COM 84265V105 566 32,500 SH SOLE NONE 32,500 SPDR SERIES TRUST S&P HOMEBUILD 78464A888 234 22,000 SH SOLE NONE 22,000 SUNTRUST BKS INC COM 867914103 235 20,000 SH SOLE NONE 20,000 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 681 76,055 SH SOLE NONE 76,055 TALISMAN ENERGY INC COM 87425E103 620 59,000 SH SOLE NONE 59,000 TAM SA SP ADR REP PFD 87484D103 2,643 480,595 SH SOLE NONE 480,595 TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 1,502 72,300 SH SOLE NONE 72,300 TENET HEALTHCARE CORP COM 88033G100 23 20,000 SH SOLE NONE 20,000 TEREX CORP NEW COM 880779103 1,202 129,900 SH SOLE NONE 129,900 THAI FD INC COM 882904105 79 15,000 SH SOLE NONE 15,000 THERMADYNE HLDGS CORP NEW COM PAR $0.01 883435307 54 25,638 SH SOLE NONE 25,638 TOYOTA MOTOR CORP SP ADR REP2COM 892331307 203 3,200 SH SOLE NONE 3,200 TRANSWITCH CORP COM 894065101 10 33,914 SH SOLE NONE 33,914 UNIBANCO-UNIAO DE BANCOS BRA ADR REP UNITS 90458E107 9,826 155,570 SH SOLE NONE 155,570 UNITED TECHNOLOGIES CORP COM 913017109 215 5,000 SH SOLE NONE 5,000 VINA CONCHA Y TORO S A SPONSORED ADR 927191106 647 19,500 SH SOLE NONE 19,500 VIVO PARTICIPACOES S A SPON ADR PFD NEW 92855S200 1,775 136,000 SH SOLE NONE 136,000 VORNADO RLTY TR SH BEN INT 929042109 788 23,701 SH SOLE NONE 23,701 VOTORANTIM CELULOSE E PAPEL SPONSORED ADR 92906P106 4,539 1,036,250 SH SOLE NONE 1,036,250 WEATHERFORD INTERNATIONAL LT REG H27013103 188 17,000 SH SOLE NONE 17,000 WELLS FARGO & CO NEW COM 949746101 447 31,406 SH SOLE NONE 31,406 ZIONS BANCORPORATION COM 989701107 393 40,000 SH SOLE NONE 40,000
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