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 30,1999
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 AUGUST 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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 62
Form 13F Information Table Value Total: $177,148
List of Other Included Managers:
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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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ALLIED SIGNAL INC COM 019512102 1181 18750 SH SOLE 18750
ALKERMES CV PFD 6.50% CVPFD 01642T405 1510 32500 SH SOLE 32500
ARMCO INC COM 042170100 1042 157250 SH SOLE 157250
ASPECT CV ZCPN 8/10/18 SDBCV 045237AE4 1946 9000000 PRN SOLE 9000000
AVONDALE INDUSTRIES INC COM 054350103 827 21200 SH SOLE 21200
AVADO FIN I CV $3.50-2027*TCNS CVPFD 05336Q205 923 25000 SH SOLE 25000
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 3200 3000000 PRN SOLE 3000000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 4969 7500000 PRN SOLE 7500000
BALLARD MEDICAL PRODUCTS COM 058566100 1787 76650 SH SOLE 76650
CADENCE DESIGN SYS INC COM 127387108 253 20000 SH SOLE 20000
COLTEC INDUSTRIES COM 196879100 1820 83900 SH SOLE 83900
CASE CORP COM 14743R103 963 20000 SH SOLE 20000
CMP GROUP INC COM 125887109 450 17200 SH SOLE 17200
CENTURY COMMUNICATIONS - CL A COM 156503104 1095 23800 SH SOLE 23800
COACH USA INC COM 18975L106 1940 46250 SH SOLE 46250
DELL COMPUTER CORP COM 247025109 740 20000 SH SOLE 20000
DIAMOND OFFSHORE DRILLING COM 25271C102 284 10000 SH SOLE 10000
EMC CORP-MASS COM 268648102 275 5000 SH SOLE 5000
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 5542 5250000 PRN SOLE 5250000
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 3673 3957000 PRN SOLE 3957000
R&B FALCON CORP COM 74912E101 375 40000 SH SOLE 40000
FRONTIER CORP COM 35906P105 4691 80000 SH SOLE 80000
<ACQ>GULFSTREAM AEROSPACE CORP COM 402734107 2493 36900 SH SOLE 36900
HELIX TECHNOLOGY CORP COM 423319102 2013 84100 SH SOLE 84100
KLA - TENCOR CORP COM 482480100 655 10100 SH SOLE 10100
K MART CV 7.75%2016*TCPS CVPFD 498778208 12522 215000 SH SOLE 215000
K N ENERGY INC COM 482620101 1605 120000 SH SOLE 120000
LEVEL ONE COMMUNICATIONS INC COM 527295109 2143 43800 SH SOLE 43800
LONE STAR TECHNOLOGIES INC COM 542312103 268 15100 SH SOLE 15100
LTX CORP COM 502392103 266 20000 SH SOLE 20000
MEDIMMUNE CV 7.00% 7/01/03 SDBCV 584699AC6 27541 4000000 PRN SOLE 4000000
MUELLER INDUSTRIES INC COM 624756102 798 23500 SH SOLE 23500
MICROSEMI CORP COM 595137100 372 39700 SH SOLE 39700
MICRON TECHNOLOGY INC COM 595112103 810 20000 SH SOLE 20000
MICRON TECHNOLOGY INC COM 595112103 2228 55000 SH PUT SOLE 0
NAB CV PF 7.875% UNIT CVPFD 632525309 20711 684500 SH SOLE 684500
NEOMAGIC CORP COM 640497103 252 30000 SH SOLE 30000
OAK IND CV 4.875% 3/01/08 SDBCV 671400AL3 1283 1000000 PRN SOLE 1000000
PENNCORP FINL CV PFD $3.375 CVPFD 708094206 658 60900 SH SOLE 60900
PIONEER HI-BRED INTL INC COM 723686101 2239 57500 SH SOLE 57500
PAREXEL INTL CORP COM 699462107 1557 116950 SH SOLE 116950
QUADRAMED CV 5.25% 05/01/05 SDBCV 74730WAC5 692 1212000 PRN SOLE 1212000
RICHFOOD HOLDINGS INC COM 763408101 881 50000 SH SOLE 50000
REMEDY CORP COM 759548100 269 10000 SH SOLE 10000
RAYCHEM CORP COM 754603108 11100 300000 SH SOLE 300000
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1040 1247000 PRN SOLE 1247000
SEALED AIR CV PFD $2.00 - SR A CVPFD 81211K209 4557 73500 SH SOLE 73500
SKYTEL COMMUNICATIONS INC COM 83087Q104 1047 50000 SH SOLE 50000
<ACQ>PENSKE MOTORSPORTS INC COM 709598106 789 15900 SH SOLE 15900
AT&T CORP COM 001957109 508 9100 SH SOLE 9100
TRANSAMERICA CORP COM 893485102 6563 87500 SH SOLE 87500
TALK.COM INC COM 874264104 338 30000 SH SOLE 30000
TELEBANC FINANCIAL CORP COM 87925R109 1337 34500 SH SOLE 34500
TCA CABLE TV COM 872241104 1804 32500 SH SOLE 32500
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 9968 9750000 PRN SOLE 9750000
MEDIAONE GROUP INC COM 58440J104 4834 65000 SH SOLE 65000
US WEST INC COM 91273H101 2562 43600 SH SOLE 43600
VEECO INSTRUMENTS INC COM 922417100 435 12800 SH SOLE 12800
VARLEN CORP COM 922248109 3362 83000 SH SOLE 83000
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 2815 3000000 PRN SOLE 3000000
WYMAN GORDON CO COM 983085101 1252 64850 SH SOLE 64850
EXXON CORP COM 302290101 1095 14200 SH SOLE 14200
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