13F-HR 1 cover.txt SEPTEMBER 30, 2006 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, 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., Suite 1750 --------------------------------------------------- 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: Michael D. Achterberg --------------------------------------------------- Title: Chief Financial Officer --------------------------------------------------- Phone: 310-917-6600 --------------------------------------------------- Signature, Place, and Date of Signing: /s/ Michael D. Achterberg Santa Monica, CA 11/13/2006 ----------------------------- ---------------------------------- ------------ [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: 1 ------------------- Form 13F Information Table Entry Total: 30 ------------------- Form 13F Information Table Value Total: $ 122,143 ------------------- (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
------------------------------------------------------------------------------------------------------------------------------------ Name of Issuer Shares/ Investment Title of Cusip Value Prn Share/ Put/ Discretion Other Voting Class (x$1000) Amount Prn Call Shared* Managers Authority Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 1,159 60,000 SH DEFINED 1 60,000 ------------------------------------------------------------------------------------------------------------------------------------ BRISTOL MYERS SQUIBB CO COM 110122108 12,460 500,000 SH DEFINED 1 500,000 ------------------------------------------------------------------------------------------------------------------------------------ BUCKEYE GP HOLDINGS L.P. COM UNITS LP 118167105 690 44,400 SH DEFINED 1 44,400 ------------------------------------------------------------------------------------------------------------------------------------ CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 3,841 120,216 SH DEFINED 1 120,216 ------------------------------------------------------------------------------------------------------------------------------------ CAMECO CORP COM 13321L108 3,657 100,000 SH DEFINED 1 100,000 ------------------------------------------------------------------------------------------------------------------------------------ CROSSTEX ENERGY LP COM 22765U102 1,788 50,000 SH DEFINED 1 50,000 ------------------------------------------------------------------------------------------------------------------------------------ CROSSTEX ENERGY INC. COM 22765Y104 10,766 120,200 SH DEFINED 1 120,200 ------------------------------------------------------------------------------------------------------------------------------------ ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 1,622 35,000 SH DEFINED 1 35,000 ------------------------------------------------------------------------------------------------------------------------------------ ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 459 15,700 SH DEFINED 1 15,700 ------------------------------------------------------------------------------------------------------------------------------------ ENTERPRISE PRODS PARTNERS L COM 293792107 4,850 181,300 SH DEFINED 1 181,300 ------------------------------------------------------------------------------------------------------------------------------------ GENENTECH INC COM NEW 368710406 8,270 100,000 SH DEFINED 1 100,000 ------------------------------------------------------------------------------------------------------------------------------------ GLOBAL PARTNERS LP COM UNITS 37946R109 763 34,000 SH DEFINED 1 34,000 ------------------------------------------------------------------------------------------------------------------------------------ HILAND PARTNERS L P UT LTD PARTNER 431291103 324 6,950 SH DEFINED 1 6,950 ------------------------------------------------------------------------------------------------------------------------------------ INTEL CORP COM 458140100 8,228 400,000 SH DEFINED 1 400,000 ------------------------------------------------------------------------------------------------------------------------------------ ISHARES TR NASDQ BIO INDX 464287556 1,845 25,000 SH DEFINED 1 25,000 ------------------------------------------------------------------------------------------------------------------------------------ K SEA TRANSN PARTNERS LP COM 48268Y101 511 15,000 SH DEFINED 1 15,000 ------------------------------------------------------------------------------------------------------------------------------------ LEAP WIRELESS INTL INC COM NEW 521863308 9,698 200,000 SH DEFINED 1 200,000 ------------------------------------------------------------------------------------------------------------------------------------ MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 2,925 130,000 SH DEFINED 1 130,000 ------------------------------------------------------------------------------------------------------------------------------------ MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1,845 50,000 SH DEFINED 2 50,000 ------------------------------------------------------------------------------------------------------------------------------------ ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 844 15,000 SH DEFINED 1 15,000 ------------------------------------------------------------------------------------------------------------------------------------ PATIENT SAFETY TECHNLGS INC COM 70322H106 10 6,500 SH DEFINED 1 6,500 ------------------------------------------------------------------------------------------------------------------------------------ PLAINS ALL AMERICAN PIPELINE UNIT LTD L.P. COMM0N U PARTN 726503105 12,298 266,479 SH DEFINED 1 266,479 ------------------------------------------------------------------------------------------------------------------------------------ QUILMES INDL QUINSA SOCIETE SP ADR CL B 74838Y207 8,514 159,000 SH DEFINED 1 159,000 ------------------------------------------------------------------------------------------------------------------------------------ SANDERS MORRIS HARRIS GRP INC COM 80000Q104 3,128 250,000 SH DEFINED 1 250,000 ------------------------------------------------------------------------------------------------------------------------------------ SCHERING-PLOUGH CORP COM 806605101 4,418 200,000 SH DEFINED 1 200,000 ------------------------------------------------------------------------------------------------------------------------------------ STREETTRACKS SPDR BIOTECH ETF SPDR BIOTE ETF 86330E752 2,279 50,000 SH DEFINED 1 50,000 ------------------------------------------------------------------------------------------------------------------------------------ TALISMAN ENERGY INC. COM 87425E103 5,235 319,590 SH DEFINED 1 319,590 ------------------------------------------------------------------------------------------------------------------------------------ TERRA NITROGEN CO LP COM UNIT 881005201 3,400 130,000 SH DEFINED 1 130,000 ------------------------------------------------------------------------------------------------------------------------------------ WILLIAMS PARTNERS L. P. COM UNIT LP 96950F104 6,316 175,000 SH DEFINED 1 175,000 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ *INVESMENT DISCRETION OVER ALL SECURITIES REPORTED IS SHARED WITH THE OTHER MANAGER ON WHOSE BEHALF THIS FORM 13F REPORT IS BEING FILED ------------------------------------------------------------------------------------------------------------------------------------