13F-HR 1 strome13f.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: June 30, 2005 ---------------------- 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 8/8/2005 -------------------------- -------------------------------- ---------- [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: 45 -------------------- Form 13F Information Table value Total: $ 124,051 -------------------- (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 (x1000) QUANTITY TYPE SOLE SHARE OTHER MGRS SOLE SHARE NONE ----------------------------- --------- --------- ---------- ------- ----- ---------- ---- ------- ---- CROSSTEX ENERGY LP COM 22765U102 3,807 100,060 SH 100,060 01 100,060 ENTERPRISE PRODUCTS PARTNERS COM 293792107 1,340 50,000 SH 50,000 01 50,000 INERGY LP COM 456615103 2,816 90,000 SH 90,000 01 90,000 INERGY HOLDINGS LP COM 45661Q107 1,638 60,000 SH 60,000 01 60,000 MAGELLAN MIDSTREAM PARTNERS COM 559080106 8,523 260,000 SH 260,000 01 260,000 NATURAL RESOURCE PARTNERS LP COM 63900P103 9,278 160,000 SH 160,000 01 160,000 PACIFIC ENERGY PARTNERS LP COM 69422R105 794 25,000 SH 25,000 01 25,000 PLAINS ALL AMER PIPELINE LP COM 726503105 8,333 190,000 SH 190,000 01 190,000 TEPPCO PARTNERS LP COM 872384102 2,445 59,000 SH 59,000 01 59,000 TRANSMONTAIGNE PARTNERS LP COM 89376V100 1,533 60,500 SH 60,500 01 60,500 VALERO LP COM 91913W104 602 10,000 SH 10,000 01 10,000 TEEKAY LNG PARTNERS LP COM Y8564M105 4,230 150,000 SH 150,000 01 150,000 ALLIED HEALTHCARE INTL INC COM 01923A109 708 100,000 SH 100,000 01 100,000 AMGEN INC COM 31162100 7,558 125,000 SH 125,000 01 125,000 ATWOOD OCEANICS INC COM 50095108 923 15,000 SH 15,000 01 15,000 CABOT MICROELECTRONICS CORP COM 12709P103 1,450 50,000 SH 50,000 01 50,000 CAMECO CORP COM 13321L108 11,188 250,000 SH 250,000 01 250,000 CHESAPEAKE ENERGY CORP COM 165167107 6,840 300,000 SH 300,000 01 300,000 CROSSTEX ENERGY INC COM 22765Y104 2,898 60,000 SH 60,000 01 60,000 ENTREMED INC COM 29382F103 810 350,800 SH 350,800 01 350,800 FIRST AVENUE NETWORKS INC COM 31865X106 574 87,000 SH 87,000 01 87,000 GERON CORP COM 374163103 1,742 225,000 SH 225,000 01 225,000 IBASIS INC COM 450732102 1,768 650,000 SH 650,000 01 650,000 JUNIPER NETWORKS INC COM 48203R104 3,148 125,000 SH 125,000 01 125,000 KFX INC COM 48245L107 7,288 510,000 SH 510,000 01 510,000 MEDAREX INC COM 583916101 415 50,000 SH 50,000 01 50,000 PETROHAWK ENERGY CORP COM 716495106 1,620 150,000 SH 150,000 01 150,000 RESOURCE AMERICA INC-CL A COM 761195205 963 25,000 SH 25,000 01 25,000 SCHLUMBERGER LTD COM 806857108 1,899 25,000 SH 25,000 01 25,000 TALISMAN ENERGY INC COM 87425E103 4,002 106,530 SH 106,530 01 106,530 TRANSMONTAIGNE INC COM 893934109 315 30,000 SH 30,000 01 30,000 VERISIGN INC COM 92343E102 6,471 225,000 SH 225,000 01 225,000 XTO ENERGY INC COM 98385X106 2,549 75,000 SH 75,000 01 75,000 YAHOO! INC COM 984332106 6,064 175,000 SH 175,000 01 175,000 ARIES MARITIME TRANSPORT LTD COM G0474B105 1,103 88,200 SH 88,200 01 88,200 WESTERN SILVER CORP COM 959531104 870 100,000 SH 100,000 01 100,000 RANDGOLD RESOURCES LTD-ADR COM 752344309 4,218 300,000 SH 300,000 01 300,000 TOTAL COMMON STOCKS 122,723 CALL MORGAN STANLEY CALL 60.0 07/16/05 6174469G6 9 1,750 CALL 1,750 01 1,750 CALL MORGAN STANLEY CALL 65.0 07/16/05 99MWDGO 3 1,000 CALL 1,000 01 1,000 CALL CAMECO CORP CALL 45.0 09/17/05 13321L9I1 495 1,500 CALL 1,500 01 1,500 CALL AMGEN INC CALL 65.0 10/22/05 44299W9J8 49 500 CALL 500 01 500 CALL CAMECO CORP CALL 50.0 12/17/05 13321L9L4 155 500 CALL 500 01 500 CALL VERISIGN INC CALL 35.0 12/17/05 9E599W9L3 110 1,000 CALL 1,000 01 1,000 CALL YAHOO! INC CALL 40.0 01/21/06 9843329A6 214 1,500 CALL 1,500 01 1,500 CALL AMGEN INC CALL 65.0 01/21/06 99YAAAM 293 1,500 CALL 1,500 01 1,500 TOTAL EQUITY CALL OPTIONS 1,328 124,051 =======