13F-HR 1 strome13f-051506.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, 2006 --------------------------- 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: Elizabeth Greenwood ----------------------------------------------- Title: Chief Compliance Officer ----------------------------------------------- Phone: 310-917-6600 ----------------------------------------------- Signature, Place, and Date of Signing: /s/ Elizabeth Greenwood Santa Monica, CA 05/15/2006 ---------------------------- ------------------------ --------------- [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: 0 ------------------- Form 13F Information Table Entry Total: 57 ------------------- Form 13F Information Table value Total: $ 260,506 ------------------- (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.] NONE
------------------------------------------------------------------------------------------------------------------------------------ Name of Issuer Title of Class Cusip Value Shares/Prn Share/ Put/ Investment Other Voting (x$1000) Amount Prn Call Discretion Managers Authority Sole Shared Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ACADIA PHARMACEUTICALS INC. COM 004225108 1,598 100,000 SH 100,000 100,000 ACCENTIA BIOPHARMA INC COM 00430L103 50 7,400 SH 7,400 7,400 ARENA PHARMACEUTICALS INC COM 040047102 2,717 150,000 SH 150,000 150,000 BIOCRYST PHARMACEUTICALS INC COM 09058V103 452 25,000 SH 25,000 25,000 BIOGEN IDEC INC. COM 09062X103 7,065 150,000 SH 150,000 150,000 BRISTOL MYERS SQUIBB CO COM 110122108 4,922 200,000 SH 200,000 200,000 BRISTOL MYERS SQUIBB CO COM 110122108 4,922 200,000 SH CALL 200,000 200,000 CABOT MICROELECTRONICS CORP COM 12709P103 928 25,000 SH 25,000 25,000 CALUMET SPECIALTY PROD PRTNRS UT LTD PARTNER 131476103 1,391 50,000 SH 50,000 50,000 CARDIOME PHARMA CORPORATION COM 14159U202 4,445 350,000 SH 350,000 350,000 CONEXANT SYSTEMS INC COM 207142100 6,900 2,000,000 SH 2,000,000 2,000,000 COPANO ENERGY, L.L.C. COM UNITS 217202100 5,541 124,466 SH 124,466 124,466 CROSSTEX ENERGY LP COM 22765U102 2,488 71,100 SH 71,100 71,100 CROSSTEX ENERGY, INC. COM 22765Y104 3,098 40,000 SH 40,000 40,000 ENERGY TRANSFER PARTNERS LP UNIT LTD PARTN 29273R109 1,086 28,000 SH 28,000 28,000 ENTERPRISE GP HOLDINGS L.P. UNIT LP INT 293716106 2,089 55,700 SH 55,700 55,700 ENTERPRISE PRODUCTS PARTNERS COM 293792107 5,185 210,000 SH 210,000 210,000 GENENTECH INC. COM 368710406 4,226 50,000 SH 50,000 50,000 GENENTECH INC. COM 368710406 8451 100,000 SH CALL 100,000 100,000 GENENTECH INC. COM 368710406 12677 150,000 SH CALL 150,000 150,000 GENENTECH INC. COM 368710406 46481 550,000 SH CALL 550,000 550,000 ID SYSTEMS INC COM 449489103 625 25,000 SH 25,000 25,000 INCYTE CORPORATION COM 45337C102 602 100,000 SH 100,000 100,000 INDEVUS PHARMACEUTICALS INC COM 454072109 2,790 450,000 SH 450,000 450,000 INERGY HOLDINGS, L.P. COM 45661Q107 2,958 84,300 SH 84,300 84,300 ISHARES TR NASDQ BIO INDEX 464287556 24714 300,000 SH CALL 300,000 300,000 K-SEA TRANSPORTATION PARTNERS COM 48268Y101 838 25,000 SH 25,000 25,000 KULICKE & SOFFA INDS INC COM 501242101 4,770 500,000 SH 500,000 500,000 KULICKE & SOFFA INDUSTRIES INC NOTE 0.5% 11/3 501242AL5 4,288 5,000,000 PRN 5,000,000 5,000,000 MAGELLAN MIDSTREAM HLDGS, L.P. COM LP INTS 55907R108 5,120 222,700 SH 222,700 222,700 MEDAREX INC COM 583916101 2,644 200,000 SH 200,000 200,000 MITSUBISHI UFJ FINL GROUP, INC SPONSORED ADR 606822104 10,647 700,000 SH 700,000 700,000 MOTOROLA COM 620076109 11,455 500,000 SH 500,000 500,000 MOTOROLA COM 620076109 16037 700,000 SH CALL 700,000 700,000 MOTOROLA COM 620076109 16037 700,000 SH CALL 700,000 700,000
------------------------------------------------------------------------------------------------------------------------------------ Name of Issuer Title of Class Cusip Value Shares/Prn Share/ Put/ Investment Other Voting (x$1000) Amount Prn Call Discretion Managers Authority Sole Shared Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ MYOGEN, INC. COM 62856E104 905 25,000 SH 25,000 25,000 NORTH AMERICAN PALLADIUM LTD COM 656912102 6,769 580,000 SH 580,000 580,000 PACIFIC ENERGY PARTNERS L P COM UNIT 69422R105 2,146 70,200 SH 70,200 70,200 PARTICLE DRILLING TECHNOLOGIES COM 70212G101 1,622 302,554 SH 302,554 302,554 PATIENT SAFETY TECHS INC COM 70322H106 20 6,500 SH 6,500 6,500 PLAINS ALL AMERICAN PIPELINE L.P. COMMON UNITS UNIT LTD PARTN 726503105 5,475 121,729 SH 121,729 121,729 POWERSHARES ETF TRUST DYN SEMCT PORT 73935X781 1,960 100,000 SH 100,000 100,000 PROGENICS PHARMACEUTICALS INC COM 743187106 1,325 50,000 SH 50,000 50,000 RF MICRO DEVICES INC CMN COM 749941100 6,055 700,000 SH 700,000 700,000 REGENCY ENERGY PARTNERS LP CMN LTD PARTNER INTERESTS COM UNITS LP 75885Y107 3,104 140,447 SH 140,447 140,447 SEMICONDUCTOR HOLDERS TR DEP RCPT 816636203 32,688 900,000 SH CALL 900,000 900,000 SONUS PHARMACEUTICALS INC COM 835692104 844 140,672 SH 140,672 140,672 TALISMAN ENERGY INC. COM 87425E103 5,665 106,530 SH 106,530 106,530 TEXAS INSTRUMENTS INC. COM 882508104 4,059 125,000 SH 125,000 125,000 TEXAS INSTRUMENTS INC. COM 882508104 32470 1,000,000 SH CALL 1,000,000 1,000,000 VALERO L.P. COM UT LTD PRT 91913W104 344 6,800 SH 6,800 6,800 VERISIGN INC COM 92343E102 2,399 100,000 SH 100,000 100,000 WILLIAMS PARTNERS L. P. COM UNIT L P 96950F104 2,985 91,200 SH 91,200 91,200 SEAGATE TECHNOLOGY SHS G7945J104 9,216 350,000 SH 350,000 350,000 SEAGATE TECHNOLOGY SHS G7945J104 1006 38,200 SH CALL 38,200 38,200 SAIFUN SEMICONDUCTORS LIMITED ORD SHS M8233P102 622 20,000 SH 20,000 20,000 TEEKAY LNG PARTNERS LP CMN PRTNRSP UNITS Y8564M105 913 29,200 SH 29,200 29,200