13F-HR 1 s13f.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: December 31, 2004 ---------------------- 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: Strome Investment Management, L.P. --------------------------------------------------- Address: 100 Wilshire Blvd., 15th Floor --------------------------------------------------- Santa Monica, CA 90401 --------------------------------------------------- --------------------------------------------------- Form 13F File Number: 28- 04963 ------------ 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: Jeffrey S. Lambert --------------------------------------------------- Title: Chief Operating Officer --------------------------------------------------- Phone: 310-752-1402 --------------------------------------------------- Signature, Place, and Date of Signing: /s/ Jeffrey S. Lambert Santa Monica, CA 2/15/2004 ------------------------------ ------------------------------ --------------- [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 manager(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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ------------------- Form 13F Information Table Entry Total: 110,414 ------------------- Form 13F Information Table value Total: $ 39 ------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. 13F File No. Name 01 28-4168 Mark Strome
INVESTMENT DISCRETION VOTING AUTHORITY MARKET -------- ------ ---------- ------ ------ ---- VALUE SECURITY TITLE CUSIP (x 1000) AMOUNT TYPE SOLE SHARE OTHER MGRS SOLE SHARE NONE ---------------------------- ---------- --------- --------- -------- ----- -------- ------ ---------- ------ ------ ---- COPANO ENERGY LLC MLP 217202100 4,970 175,000 SH 175,000 01 175,000 CROSSTEX ENERGY LP MLP 22765U102 3,279 100,060 SH 100,060 01 100,060 ENTERPRISE PRODUCTS PARTNERS MLP 293792107 2,586 100,000 SH 100,000 01 100,000 INERGY LP MLP 456615103 3,586 125,000 SH 125,000 01 125,000 MAGELLAN MIDSTREAM PARTNERS MLP 559080106 5,867 100,000 SH 100,000 01 100,000 MARKWEST ENERGY PARTNERS LP MLP 570759100 277 5,700 SH 5,700 01 5,700 NATURAL RESOURCE PARTNERS LP MLP 63900P103 8,100 140,500 SH 140,500 01 140,500 NORTHERN BORDER PARTNERS-LP MLP 664785102 5,541 115,000 SH 115,000 01 115,000 PLAINS ALL AMER PIPELINE LP MLP 726503105 14,520 384,750 SH 384,750 01 384,750 US SHIPPING PARTNERS LP MLP 903417103 2,730 100,000 SH 100,000 01 100,000 _________ 51,456 ALLIED HEALTHCARE INTL INC COM 01923A109 1,426 259,200 SH 259,200 01 259,200 ATLAS AMERICA INC COM 49167109 3,754 105,000 SH 105,000 01 105,000 CABOT MICROELECTRONICS CORP COM 12709P103 3,005 75,000 SH 75,000 01 75,000 CAMECO CORP COM 13321L108 7,865 75,000 SH 75,000 01 75,000 CHESAPEAKE ENERGY CORP COM 165167107 1,650 100,000 SH 100,000 01 100,000 GREY WOLF INC COM 397888108 3,953 750,000 SH 750,000 01 750,000 KFX INC COM 48245L107 6,389 440,000 SH 440,000 01 440,000 LCC INTERNATIONAL INC-CL A COM 501810105 292 50,000 SH 50,000 01 50,000 NAPSTER INC COM 630797108 1,269 135,550 SH 135,550 01 135,550 NORTH AMER PALLADIUM LTD COM 656912102 1,360 166,100 SH 166,100 01 166,100 PARKER DRILLING CO COM 701081101 865 220,000 SH 220,000 01 220,000 PETROKAZAKHSTAN INC-CL A COM 71649P102 4,081 110,000 SH 110,000 01 110,000 RANGE RESOURCES CORP COM 75281A109 7,468 365,000 SH 365,000 01 365,000 RESOURCE AMERICA INC-CL A COM 761195205 345 10,600 SH 10,600 01 10,600 SCHERING-PLOUGH CORP COM 806605101 2,088 100,000 SH 100,000 01 100,000 TALISMAN ENERGY INC COM 87425e103 2,872 106,530 SH 106,530 01 106,530 TOWER GROUP INC. COM 891777104 887 74,000 SH 74,000 01 74,000 XTO ENERGY INC COM 98385X106 531 15,000 SH 15,000 01 15,000 TRANSOCEAN INC COM G90078109 2,967 70,000 SH 70,000 01 70,000 _________ 53,067 CALL CHESAPEAKE ENERGY CORP CALL 17.5 01/22/05 1651679A7 22 1,481 CALL 1,481 01 1,481 CALL CHESAPEAKE ENERGY CORP CALL 15.0 01/22/05 1651679AC 160 1,000 CALL 1,000 01 1,000 CALL EOG RESOURCES INC CALL 70.0 01/22/05 26875P9A1 358 1,300 CALL 1,300 01 1,300 CALL GLAMIS GOLD LTD CALL 20.0 02/19/05 3767759B0 56 1,851 CALL 1,851 01 1,851 CALL XTO ENERGY INC CALL 30.0 02/19/05 98385X9B4 550 1,000 CALL 1,000 01 1,000 CALL GENENTECH INC. CALL 55.0 03/19/05 3687109CK 2,450 7,000 CALL 7,000 01 7,000 CALL RANGE RESOURCES CORP CALL 20.0 03/19/05 75281A9C5 25 150 CALL 150 01 150 CALL MORGAN STANLEY CALL 55.0 04/16/05 6174469D3 1,995 7,000 CALL 7,000 01 7,000 CALL SCHERING-PLOUGH CORP CALL 22.5 05/21/05 8066059e3 75 1,000 CALL 1,000 01 1,000 CALL SCHERING-PLOUGH CORP CALL 20.0 05/21/05 8066059ED 200 1,000 CALL 1,000 01 1,000 _________ 5,891 ========= 110,414