13F-HR 1 strome13f-051308.txt ----------------------------------- OMB APPROVAL ----------------------------------- OMB Number: 3235-0006 Expires: December 31, 2009 Estimated average burden hours per response.............22.6 ----------------------------------- 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, 2008 --------------------------------- 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 May 14, 2008 --------------------------- -------------------------- --------------------- [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).) List of Other Managers Reporting for this Manager: None 1 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ----------------- Form 13F Information Table Entry Total: 49 ----------------- Form 13F Information Table Value Total: $135,834 ----------------- (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. No. 13F File No. Name 01 28-4168 Mark Strome 2
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN4 COLUMN5 COLUMN6 COLUMN7 COLUMN8 ---------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CUSIP (X$1000) PRN AMT PRN CALL DISCRETION* MGRS SOLE SHARED NONE CLASS ---------------------------------------------------------------------------------------------------------------------------- AGNICO EAGLE MINES LTD COM 008474108 6,771 100,000 SH DEFINED 1 100,000 CMN ALLIANCE HOLDINGS GP COM 01861G100 173 7,550 SH DEFINED 1 7,550 LP CMN ALLIANCE RESOURCE COM 01877R108 700 20,000 SH DEFINED 1 20,000 PARTNERS L.P. CMN ANADARKO PETROLEUM COM 032511107 7,879 125,000 SH DEFINED 1 125,000 CORP CMN ATLAS PIPELINE COM 049392103 100 2,500 SH DEFINED 1 2,500 PARTNERS, L.P. CMN ATLAS PIPELINE COM 04939R108 2,066 75,500 SH DEFINED 1 75,500 HOLDINGS LP CMN UNITS REPRESENTING LIMITED PARTNERSHIP INTERESTS BREITBURN ENERGY COM 106776107 14,874 740,740 SH DEFINED 1 740,740 PARTNERS LP CMN BUCKEYE PARTNERS LP COM 118230101 392 8,500 SH DEFINED 1 8,500 UNITS CMN CALUMET SPECIALTY PROD COM 131476103 637 27,100 SH DEFINED 1 27,100 PRTNRS CMN CAMECO CORPORATION CMN COM 13321L108 4,941 150,000 SH DEFINED 1 150,000 CHENIERE ENERGY COM 16411Q101 701 47,000 SH DEFINED 1 47,000 PARTNERS, L.P. CMN CLEVELAND CLIFFS,INC COM 185896107 11,982 100,000 SH DEFINED 1 100,000 (HLDG CO) CMN COPANO ENERGY, L.L.C. COM 217202100 2,051 60,000 SH DEFINED 1 60,000 CMN DCP MIDSTREAM PARTNERS COM 23311P100 363 12,500 SH DEFINED 1 12,500 LP CMN EAGLE ROCK ENERGY COM 26985R104 1,080 75,000 SH DEFINED 1 75,000 PARTNERS, LP CMN UNITS ENCANA CORPORATION CMN COM 292505104 9,469 125,000 SH DEFINED 1 125,000
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FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN4 COLUMN5 COLUMN6 COLUMN7 COLUMN8 ---------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CUSIP (X$1000) PRN AMT PRN CALL DISCRETION* MGRS SOLE SHARED NONE CLASS ---------------------------------------------------------------------------------------------------------------------------- ENBRIDGE ENERGY COM 29250R106 1,807 38,000 SH DEFINED 1 38,000 PARTNERS L P CMN ENERGY TRANSFER COM 29273R109 1,370 30,000 SH DEFINED 1 30,000 PARTNERS LP CMN ENERGY TRANSFER EQUITY COM 29273V100 625 20,000 SH DEFINED 1 20,000 L P CMN ENTERPRISE GP HOLDINGS COM 293716106 1,434 48,000 SH DEFINED 1 48,000 L.P. CMN ENTERPRISE PRODUCTS COM 293792107 1,782 60,000 SH DEFINED 1 60,000 PART L.P CMN EXTERRAN HOLDINGS, COM 30225X103 1,291 20,000 SH DEFINED 1 20,000 INC. CMN GENESIS ENERGY, L.P. COM 371927104 1,036 55,000 SH DEFINED 1 55,000 COMMON STOCK HECLA MINING CO. CMN COM 422704106 4,464 400,000 SH DEFINED 1 400,000 HILAND HOLDINGS GP LP COM 43129M107 1,012 44,000 SH DEFINED 1 44,000 CMN INERGY L P CMN COM 456615103 558 20,000 SH DEFINED 1 20,000 ISHARES FTSE XINHAU ETF 464287184 6,757 50,000 SH DEFINED 1 50,000 CHINA 25 INDEX FD ETF KINDER MORGAN ENERGY COM 494550106 1,641 30,000 SH DEFINED 1 30,000 PARTNERS,* L.P. L.P.UNITS REP L.P. INTS LINN ENERGY, LLC CMN COM 536020100 1,710 90,000 SH DEFINED 1 90,000 UNITS REPSTG LTD LIABILITY CO INTERESTS MAGELLAN MIDSTREAM COM 55907R108 1,054 46,000 SH DEFINED 1 46,000 HLDGS, L.P. CMN MARKWEST ENERGY COM 570759100 271 8,800 SH DEFINED 1 8,800 PARTNERS, L.P. UNIT LTD PARTNERSHIP INT NATURAL RESOURCE COM 63900P103 610 21,500 SH DEFINED 1 21,500 PARTNERS CMN
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FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN4 COLUMN5 COLUMN6 COLUMN7 COLUMN8 ---------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CUSIP (X$1000) PRN AMT PRN CALL DISCRETION* MGRS SOLE SHARED NONE CLASS ---------------------------------------------------------------------------------------------------------------------------- CALL/NEM(NEMFL) CALL 651639106 20 500 SH CALL DEFINED 1 500 @ 60 EXP 06/21/2008 NUSTAR ENERGY L.P. CMN COM 67058H102 2,514 51,900 SH DEFINED 1 51,900 OSG AMERICA L.P. CMN COM 671028108 1,409 102,500 SH DEFINED 1 102,500 ONEOK PARTNERS, L.P. COM 68268N103 1,610 28,000 SH DEFINED 1 28,000 LIMITED PARTNERS INTEREST CMN PAN AMERICAN SILVER COM 697900108 7,674 200,000 SH DEFINED 1 200,000 CORP CMN RANGE RESOURCES COM 75281A109 11,104 175,000 SH DEFINED 1 175,000 CORPORATION CMN REGENCY ENERGY COM 75885Y107 749 28,000 SH DEFINED 1 28,000 PARTNERS LP CMN LTD PARTNER INTERESTS SCHLUMBERGER LTD CMN COM 806857108 6,525 75,000 SH DEFINED 1 75,000 SEMGROUP ENERGY COM 81662W108 379 15,000 SH DEFINED 1 15,000 PARTNERS, L.P. CMN SILVER WHEATON CORP. COM 828336107 3,106 200,000 SH DEFINED 1 200,000 CMN SPECTRA ENERGY COM 84756N109 145 6,000 SH DEFINED 1 6,000 PARTNERS LP CMN SUBURBAN PROPANE COM 864482104 718 18,500 SH DEFINED 1 18,500 PARTNERS, LP CMN TEPPCO PARTNERS L.P. COM 872384102 1,587 46,000 SH DEFINED 1 46,000 UNITS REP LTD PARTNER INT TALISMAN ENERGY INC. COM 87425E103 4,248 240,000 SH DEFINED 1 240,000 CMN TARGA RESOURCES COM 87611X105 233 10,000 SH DEFINED 1 10,000 PARTNERS LP CMN WILLIAMS PARTNERS L. COM 96950F104 977 31,000 SH DEFINED 1 31,000 P. CMN
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FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN4 COLUMN5 COLUMN6 COLUMN7 COLUMN8 ---------------------------------------------------------------------------------------------------------------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CUSIP (X$1000) PRN AMT PRN CALL DISCRETION* MGRS SOLE SHARED NONE CLASS ---------------------------------------------------------------------------------------------------------------------------- WILLIAMS PIPELINE COM 96950K103 1,235 70,800 SH DEFINED 1 70,800 PARTNERS L.P*. CMN UNITS REPRESENTING LIMITED PARTNER INTERESTS *INVESMENT DISCRETION OVER ALL SECURITIES REPORTED IS SHARED WITH THE OTHER MANAGER ON WHOSE BEHALF THIS FORM 13F REPORT IS BEING FILED.
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