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 30,1999
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: Paloma Strategic Securities Ltd.
Address: Two American Lane
Greenwich, CT 06836-2571
13F File Number: 28-7282
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: Patrick Iuliano
Title: Financial and Operations Principal
Phone: 203-861-8452
Signature, Place and Date of Signing:
Patrick Iuliano Greenwich, Connecticut NOVEMBER 10,1999
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 95
Form 13F Information Table Value Total: $225,293
List of Other Included Managers:
<PAGE>
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ADAPTIVE CV 5.25% 12/15/03 SDBCV 00650MAA2 357 300000 PRN SOLE 300000
AMERITECH CORP COM 030954101 5310 79550 SH SOLE 79550
ALKERMES CV PFD 6.50% CVPFD 01642T405 6032 108250 SH SOLE 108250
ATLANTIC RICHFIELD COM 048825103 2216 25000 SH SOLE 25000
ARMCO INC COM 042170100 1158 165400 SH SOLE 165400
ASPECT CV ZCPN 8/10/18 SDBCV 045237AE4 2340 9000000 PRN SOLE 9000000
AVADO FIN I CV $3.50-2027*TCNS CVPFD 05336Q205 722 25000 SH SOLE 25000
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 2802 3000000 PRN SOLE 3000000
ALZA CORP COM 022615108 4281 100000 SH SOLE 100000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 4247 7500000 PRN SOLE 7500000
BROOKS AUTOMATION INC COM 11434A100 2401 136700 SH SOLE 136700
CITIGROUP INC COM 172967101 1320 30000 SH SOLE 30000
CONSTELLATION ENERGY GRP COM 210371100 2080 73950 SH SOLE 73950
CEPHALON CV 7.25%2049 144A CVPFD 156708307 3226 57500 SH SOLE 57500
COLUMBIA ENERGY GROUP COM 197648108 554 10000 SH SOLE 10000
CENTOCOR INC COM 152342101 2378 40600 SH SOLE 40600
CONOCO INC CL-B COM 208251405 5790 211500 SH SOLE 211500
CIRRUS LOGIC CV 6% 12/15/03 SDBCV 172755AC4 750 1000000 PRN SOLE 1000000
CASE CORP COM 14743R103 1121 22500 SH SOLE 22500
CMP GROUP INC COM 125887109 849 32200 SH SOLE 32200
CENTURY COMMUNICATIONS - CL A COM 156503104 2409 52800 SH SOLE 52800
<AQC>DATA GENERAL CORP COM 237688106 5476 260000 SH SOLE 260000
DONALDSON LUFKIN & JENRETTE COM 257661108 791 20000 SH SOLE 20000
DELTA & PINE LAND CO COM 247357106 259 10000 SH SOLE 10000
EL PASO ELECTRIC CO COM 283677854 261 29050 SH SOLE 29050
EASTERN ENTERPRISES COM 27637F100 3139 67600 SH SOLE 67600
EDISON INTERNATIONAL COM 281020107 2251 92600 SH SOLE 92600
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 4764 5250000 PRN SOLE 5250000
EDUCATIONAL VIDEO CONF COM 281505107 986 68000 SH SOLE 68000
FREEPORT-MCMORAN COPPER CL A COM 35671D105 278 20000 SH SOLE 20000
FREEPORT MCMORAN COPPER CL B COM 35671D857 311 20000 SH SOLE 20000
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 2715 3157000 PRN SOLE 3157000
FEDERAL NATL MTG ASSN COM 313586109 940 15000 SH SOLE 15000
FPL GROUP INC COM 302571104 1008 20000 SH SOLE 20000
FEDERAL HOME LN MTG CORP COM 313400301 1040 20000 SH SOLE 20000
FSI INTL INC COM 302633102 543 65800 SH SOLE 65800
GLOBAL CROSSING LTD COM G3921A100 2311 87200 SH SOLE 87200
GLOBAL CROSSING LTD COM G3921A100 1590 60000 SH PUT SOLE 0
GENERAL INSTRUMENT CORP - NEW COM 370120107 2040 42500 SH SOLE 42500
GPU INC COM 36225X100 2817 86350 SH SOLE 86350
GTE CORPORATION COM 362320103 384 5000 SH SOLE 5000
HILTON HOTELS CV 5.00% 5/15/06 SDBCV 432848AL3 2010 2500000 PRN SOLE 2500000
HOMESTAKE MINING COM 437614100 230 25000 SH SOLE 25000
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 1981 1750000 PRN SOLE 1750000
INFORMIX CORP COM 456779107 794 100000 SH SOLE 100000
INTELLICORP INC COM 458153103 697 377955 SH SOLE 377955
INTL NETWORK SVCS COM 460053101 2991 55000 SH SOLE 55000
INPUT OUTPUT INC COM 457652105 497 75000 SH SOLE 75000
JONES INTERCABLE INC CL A COM 480206200 2295 42450 SH SOLE 42450
KLA - TENCOR CORP COM 482480100 800 12300 SH SOLE 12300
K MART CV 7.75%2016*TCPS CVPFD 498778208 11910 250000 SH SOLE 250000
KING WORLD PRODUCTIONS INC COM 495667107 2816 75100 SH SOLE 75100
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 2269 40650 SH SOLE 40650
LONE STAR TECHNOLOGIES INC COM 542312103 200 10000 SH SOLE 10000
MERRILL LYNCH & CO COM 590188108 1348 20000 SH SOLE 20000
MICROCELL TELECOMMUNICATIONS COM 59501T304 260 20000 SH SOLE 20000
MARINE DRILLING CO INC COM 568240204 1028 65000 SH SOLE 65000
NAB CV PF 7.875% UNIT CVPFD 632525309 19258 697000 SH SOLE 697000
NIELSEN MEDIA RESEARCH COM 653929307 1673 45000 SH SOLE 45000
OAK IND CV 4.875% 3/01/08 SDBCV 671400AL3 1052 1000000 PRN SOLE 1000000
ORION CAPITAL CORP COM 686268103 2066 43600 SH SOLE 43600
OMNIPOINT CORP COM 68212D102 5076 90850 SH SOLE 90850
P G & E CORP COM 69331C108 475 18350 SH SOLE 18350
PECO ENERGY GROUP COM 693304107 1547 41250 SH SOLE 41250
PENNCORP FINL CV PFD $3.375 CVPFD 708094206 708 60900 SH SOLE 60900
PUBLIC SERVICE CO OF N.C. COM 744516105 504 16400 SH SOLE 16400
PIONEER HI-BRED INTL INC COM 723686101 3284 82750 SH SOLE 82750
PUBLIC SERVICE CO OF NEW MEX COM 744499104 482 26400 SH SOLE 26400
PINNACLE WEST CAPITAL COM 723484101 3528 97000 SH SOLE 97000
PP&L RESOURCES INC COM 693499105 1976 73000 SH SOLE 73000
PEOPLESOFT INC COM 712713106 508 30000 SH SOLE 30000
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 881 950000 PRN SOLE 950000
REYNOLDS METALS CO COM 761763101 2687 44500 SH SOLE 44500
REMEDY CORP COM 759548100 284 10000 SH SOLE 10000
REPUBLIC NY CORP COM 760719104 1069 17400 SH SOLE 17400
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1538 1997000 PRN SOLE 1997000
SEALED AIR CV PFD $2.00 - SR A CVPFD 81211K209 3749 73500 SH SOLE 73500
SKYTEL COMMUNICATIONS INC COM 83087Q104 916 50000 SH SOLE 50000
TELEBANC FINANCIAL CORP COM 87925R109 1788 77750 SH SOLE 77750
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 16293 17250000 PRN SOLE 17250000
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 1357 1455000 PRN SOLE 1455000
TEXAS UTILITIES CO (HLDG) COM 882848104 2892 77500 SH SOLE 77500
UTILICORP UNITED INC COM 918005109 421 20000 SH SOLE 20000
UNION CARBIDE CORP COM 905581104 858 15100 SH SOLE 15100
MEDIAONE GROUP INC COM 58440J104 7566 110750 SH SOLE 110750
USEC INC COM 90333E108 769 75000 SH SOLE 75000
US WEST INC COM 91273H101 4776 83700 SH SOLE 83700
<ACQ>UNITRODE CORP COM 913283107 4979 118550 SH SOLE 118550
VIACOM INC CL B COM 925524308 1268 30000 SH SOLE 30000
VASTAR RESOURCES INC COM 922380100 626 10000 SH SOLE 10000
WESTERN GAS RESOURCES INC COM 958259103 1497 80100 SH SOLE 80100
WESTERN GAS RES CV PFD $2.625 CVPFD 958259301 724 21000 SH SOLE 21000
WASTE MANAGEMENT CV 4% 2/1/2 SDBCV 94106LAA7 4429 5000000 PRN SOLE 5000000
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 3135 3000000 PRN SOLE 3000000
WYMAN GORDON CO COM 983085101 281 15050 SH SOLE 15050
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