13F-HR 1 sept.txt SEPT 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2007 ? Check here if Amendment [ ] ? This Amendment (check only one.): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Del Mar Asset Management, LP Address: 711 Fifth Avenue, 5th Floor ? New York, NY 10022 ? ? ? ? Form 13F File Number: 028-11567 The institutional investment manager filing this report and the person by whom it is signed hereby request 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: Marc Simons ? ? Title: Chief Operating Officer ? Phone: 212-328-7140 ? ? Signature, Place and Date of Signing: ?Marc Simons ? ? ?New York, NY ? ? ?11/15/2007 [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this report 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 manager(s).) FORM 13F SUMMARY PAGE Number of Other Included Managers: ? 0 Form 13F Information Table Entry Total: ? 121 Form 13F Information Table Value Total: ? $1,092,896 (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 AKAM 1% 15 DEC 2033 NOTE 1% 12/12/2033 00971TAE1 51,306 26,500,000 PRN SOLE X ALDABRA 2 ACQUISITION CORP COM 01408A103 2,298 250,000 SH SOLE X ALTERNATIVE ASSET MANAGEMENT COM 02149U101 882 100,000 SH SOLE X ALTERNATIVE ASSET MANAGE-UTS UNIT 07/01/2012 02149U200 743 75,000 SH SOLE X AMGN 0.125% 1 FEB 2011 NOTE 0.125% 2/1/2011 031162AN0 4,663 5,000,000 PRN SOLE X AMZN 4.75% 01 FEB 2009 NOTE 4.75% 2/1/2009 023135AF3 12,320 10,000,000 PRN SOLE X ANNALY CAPITAL MANAGEMENT COM 035710409 1,593 100,000 SH SOLE X APEX BIOVENTURES ACQUIS-CW11 06/07/11 WRT @ 6.0 *W EXP 06/07/201 03753Q113 2,154 300,000 SH SOLE X APEX BIOVENTURES ACQUISITION COM 03753Q105 2,154 300,000 SH SOLE X ARCELORMITTAL-NY REGISTE (MT US) COM 03937E101 3,918 50,000 SH SOLE X ARCHSTONE-SMITH TRUST (ACQ) COM 039583109 301 5,000 SH SOLE X BALLY TOTAL FITNESS HLDGS COM 05873K108 466 1,350,000 PRN SOLE X BANCO BILBAO VIZCAYA-SP ADR COM 05946K101 95 4,085 SH SOLE X BARRICK GOLD CORP (NYS) COM 067901108 138 3,432 SH SOLE X BARRICK GOLD CORP P @ 25.0 JAN 08 PUT 067901958 363 90 SH PUT SOLE X BLK 2.625% 15 FEB 2035 NOTE 2.625% 2/15/2035 09247XAB7 10,965 6,256,000 PRN SOLE X CA 1.625% 15 DEC 2009 NOTE 1.625% 12/12/2009 204912AQ2 13,396 10,000,000 PRN SOLE X CDN 0% 15 AUG 2023 NOTE 0.0% 8/15/2023 127387AB4 4,284 3,000,000 PRN SOLE X CEPH 0% 15 JUN 2033 A* NOTE 0.0% 6/15/2033 156708AK5 8,910 6,991,000 PRN SOLE X CEPH 0% 15 JUN 2033 SER B NOTE 0.0% 6/15/2033 156708AL3 13,555 10,000,000 PRN SOLE X CHIPOTLE MEXICAN GRILL-CL A COM 169656105 2,797 23,674 SH SOLE X CITIGROUP INC COM 172967101 3,659 78,400 SH SOLE X CITIGROUP INC P @ 55.0 JAN 08 PUT 172968951 4,667 1,000 SH PUT SOLE X CMS 2.875% 01 DEC 2024 NOTE 2.875% 12/01/2024 125896AW0 6,412 5,000,000 PRN SOLE X COLUMBUS ACQUISITION CORP (ASE) COM 198851107 2,211 300,000 SH SOLE X COLUMBUS ACQUISITION-CW11 *W EXP 05/18/201 198851115 737 100,000 SH SOLE X COUNTRYWIDE FINANCIAL CORP COM 222372104 380 20,000 SH SOLE X COUNTRYWIDE FINANCIAL CORP P @ 17.5 JAN 08 PUT 222372954 401 211 SH PUT SOLE X CTV 1% 15 MAR 2024 NOTE 1% 3/15/2024 203372AD9 44,138 19,000,000 PRN SOLE X DENDREON CORP COM 24823Q107 27 3,500 SH SOLE X DENDREON CORP C @ 15.0 JAN 08 CALL 24823Q957 154 200 CALL CALL SOLE X DITECH NETWORKS INC COM 25500T108 343 65,000 SH SOLE X DOMINION RESOURCES INC/V COM 25746U109 27,440 325,500 SH SOLE X DR HORTON INC P @ 17.5 NOV 07 PUT 23331A959 641 500 SH PUT SOLE X ENERGY SELECT SECTOR SPDR COM 81369Y506 150 2,001 SH SOLE X ESS TECHNOLOGY COM 269151106 173 129,100 SH SOLE X FACTORY CARD & PARTY OUTLET COM 303051106 2,583 158,547 SH SOLE X FINANCIAL SELECT SECTOR SPDR COM 81369Y605 22,068 643,000 SH SOLE X FINANCIAL SELECT SECTOR SPDR P @ 31.0 JAN 08 PUT 81369Y955 34,835 10,150 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 31.0 MAR 08 PUT 81369Y955 8,765 2,554 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 35.0 JAN 08 PUT 81369Y955 12,870 3,750 SH PUT SOLE X FIRST HORIZON NATIONAL CORP COM 320517105 2,000 75,000 SH SOLE X FIRSTFED FINANCIAL CORP COM 337907109 4,955 100,000 SH SOLE X FLORIDA ROCK INDS COM 341140101 13,123 210,000 SH SOLE X GAMMON GOLD INC (ASE) COM 36467T106 2,664 225,000 SH SOLE X GENEVA ACQUISITION CORP COM 37185Y104 278 50,000 SH SOLE X GRAND TOYS INTL LTD-ADR(OLD) COM 386490106 30 84,000 SH SOLE X GSC ACQUISITION CO COM 40053G106 921 100,000 SH SOLE X GSC ACQUISITION CO-CW11 *W EXP 06/25/201 40053G114 1,382 150,000 SH SOLE X GSC ACQUISITION CO-UNITS UNIT 99/99/999 40053G205 1,025 100,000 SH SOLE X HANOVER CAPITAL MORTGAGE HOLDING COM 410761100 477 226,972 SH SOLE X HILTON HOTELS CORP COM 432848109 1,395 30,000 SH SOLE X HOVNANIAN ENTERPRISES INC-A P @ 17.5 NOV 07 PUT 442487953 277 250 SH PUT SOLE X HOVNANIAN ENTERPRISES INC-A P @ 22.5 JAN 08 PUT 442487953 555 500 SH PUT SOLE X HQ SUSTAINABLE MARITIME INDU(ASE COM 40426A208 779 78,700 SH SOLE X IMPAC MORTGAGE HOLDINGS INC COM 45254P102 123 80,000 SH SOLE X INFORMATION SERVICES GROUP COM 45675Y104 765 100,000 SH SOLE X IPCS INC COM 44980Y305 4,334 126,025 SH SOLE X ISHARES RUSSELL 2000 COM 464287655 69,955 874,000 SH SOLE X ISHARES RUSSELL 2000 VALUE P @ 81.0 DEC 07 PUT 464287950 76,930 10,000 SH PUT SOLE X ISHARES RUSSELL 2000 VALUE P @ 82.0 NOV 07 PUT 464287950 53,851 7,000 SH PUT SOLE X JENNIFER CONVERTIBLES INC COM 476153101 234 54,359 SH SOLE X JP MORGAN CHASE & CO OPTION JAN0 C @ 45.0 OCT 07 CALL 46625H900 1,146 250 SH CALL SOLE X KBL HEALTHCARE ACQUISIT-UNIT UNIT 99/99/999 48241N206 775 100,000 SH SOLE X KKR FINANCIAL HOLDINGS LLC COM 48248A306 1,630 96,760 SH SOLE X LIBERTY GLOBAL INC-A COM 530555101 12,309 300,068 SH SOLE X LIBERTY GLOBAL INC-SERIES C COM 530555309 967 25,000 SH SOLE X LINN ENERGY LLC-UNITS P @ 30.0 JAN 08 PUT 536020950 277 87 SH PUT SOLE X LINN ENERGY LLC-UNITS P @ 30.0 OCT 07 PUT 536020950 319 100 SH PUT SOLE X LINN ENERGY LLC-UNITS P @ 40.0 APR 08 PUT 536020950 1,913 600 SH PUT SOLE X LINN ENERGY LLC-UNITS P @ 40.0 OCT 07 PUT 536020950 9,854 3,091 SH PUT SOLE X LOW 0.861% 19 OCT 2021 NOTE 0.861% 10/19/2021 548661CG0 10,010 10,000,000 PRN SOLE X MBF HEALTHCARE ACQUISITION C (AS UNIT 99/99/9999 552650202 826 100,000 SH SOLE X MDU COMMUNICATIONS INTL INC COM 582828109 320 400,000 SH SOLE X MEDIA & ENTERTAINMENT HOLDIN COM 58439W108 739 100,000 SH SOLE X MICRON TECHNOLOGY INC COM 595112103 167 15,000 SH SOLE X MIRANT CORP-W/I-CW11 (NYS) *W EXP 01/03/201 60467R118 21,418 526,500 SH SOLE X MRX 2.5% 06 JUN 2032 NOTE 2.5% 6/06/2032 58470KAA2 13,859 12,500,000 PRN SOLE X MULTIMEDIA GAMES INC COM 625453105 151 17,700 SH SOLE X NCI BUILDING SYS INC COM 628852105 73 1,700 SH SOLE X NEW AMERICA HIGH INCOME FUND. COM 641876107 607 317,600 SH SOLE X NEW YORK COMMUNITY BANCORP COM 649445103 1,905 100,000 SH SOLE X NORTHWEST AIRLINES CORP COM 667280408 3,289 184,773 SH SOLE X NOVASTAR FINANCIAL INC COM 669947889 55 6,250 SH SOLE X OCEANAUT INC(ASE) COM 675227102 1,808 224,600 SH SOLE X OPTIMAL GROUP INC-CL A COM 68388R208 647 119,769 SH SOLE X PDLI 2% 15 FEB 2012 NOTE 2.0% 2/15/2012 74369LAF0 3,750 3,500,000 PRN SOLE X POWERSHARES QQQ NASDAQ 100 UNIT SER 1 73935A104 154 3,000 SH SOLE X QIAGEN N.V.(NMS) COM N72482107 6,417 330,599 SH SOLE X QUS 3.5% 15 NOV 2025 NOTE 3.5% 12/15/2025 749121BY4 33,176 20,000,000 PRN SOLE X ROP 1.4813% 15 JAN 2034 NOTE 1.481% 1/15/2034 776696AA4 5,776 7,000,000 PRN SOLE X SANTA MONICA MEDIA CORP COM 802501106 575 75,000 SH SOLE X SANTA MONICA MEDIA CORP-CW11 *W EXP 03/27/201 802501114 575 75,000 SH SOLE X SOFTBRNADS INC W/I COM 83402A107 66 34,500 SH SOLE X SOVEREIGN BANCORP INC COM 845905108 1,704 100,000 SH SOLE X SPDR TRUST SERIES 1 UNIT SER 1 78462F103 87,657 574,501 SH SOLE X SPDR TRUST SERIES 1 P @ 144.0 DEC 07 PUT 78462F953 152,580 10,000 SH PUT SOLE X SPDR TRUST SERIES 1 P @ 153.0 DEC 07 PUT 78462F953 76,290 5,000 SH PUT SOLE X SPORT SUPPLY GROUP INC (ASE) COM 84916A104 2,553 283,975 SH SOLE X STAR MARITIME ACQUISITION COM 85516E107 15,778 1,126,200 SH SOLE X STAR MARITIME ACQUISITION-CW09 12/15/09 WRT @ 8.0 *W EXP 12/15/200 85516E107 1,961 140,000 SH SOLE X STONELEIGH PARTNERS ACQUISIT(ASE COM 861923100 1,118 150,000 SH SOLE X STONELEIGHT PARTNERS AC-CW11 05/31/11 WRT @ 5.5 *W EXP 05/31/201 861923126 1,118 150,000 SH SOLE X SUPERVALU INC C @ 30.0 JAN 08 CALL 868536903 4,876 1,250 SH CALL SOLE X SUPERVALU INC P @ 20.0 JAN 08 PUT 868536953 4,681 1,200 SH PUT SOLE X TAILWIND FINANCIAL INC COM 874023104 1,436 190,000 SH SOLE X TAILWIND FINANCIAL INC-CW11 (ASE *W EXP 04/11/201 874023112 907 120,000 SH SOLE X TELLABS INC C @ 15.0 DEC 07 CALL 879664900 125 131 SH CALL SOLE X TFS FINANCIAL CORP COM 87240R107 1,359 105,000 SH SOLE X TOLL BROTHERS INC COM 889478103 1,000 50,000 SH SOLE X TOLL BROTHERS INC P @ 20.0 JAN 08 PUT 889478953 1,999 1,000 SH PUT SOLE X USA MOBILITY INC (NAS) COM 90341G103 2,411 142,900 SH SOLE X USA MOBILITY INC C @ 25.000 JAN 08 CALL 90341G903 169 100 SH CALL SOLE X VANTAGE ENERGY SERVICES INC COM 92209F102 2,816 375,000 SH SOLE X VANTAGE ENERGY SERVICES-CW11 *W EXP 99/99/999 92209F110 187 24,900 SH SOLE X VNO 3.625% 15 NOV 2026 NOTE 3.625% 11/15/2026 929043AE7 4,906 5,000,000 PRN SOLE X WELLS FARGO & COMPANY P @ 30.0 OCT 07 PUT 949746951 3,562 1,000 SH PUT SOLE X WESCO FINANCIAL CORP COM 950817106 119 300 SH SOLE X WESTMORELAND COAL CO COM 960878106 8,206 409,900 SH SOLE X WHEELING-PITSBURGH CORP COM 963142302 19,879 1,030,022 SH SOLE X YHOO 0% 01 APR 2008 NOTE 0.0% 4/1/2008 984332AB2 11,946 9,000,000 PRN SOLE X