UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: DECEMBER 31,1999
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 FEBRUARY 14,2000
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: 104
Form 13F Information Table Value Total: $334,650
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABLE TELCOM HLDG CORP COM 003712304 308 38500 SH SOLE 38500
<ACQ>ADFORCE INC COM 006867105 1142 16000 SH SOLE 16000
ADVANCED ENE CV 5.25% 11/15/06 SDBCV 007973AA8 2350 2000000 PRN SOLE 2000000
<ACQ>ASSOCIATED GROUP INC CL A COM 045651106 1825 20000 SH SOLE 20000
ALKERMES CV PFD 6.50% CVPFD 01642T405 9445 108250 SH SOLE 108250
ATLANTIC RICHFIELD COM 048825103 5839 67500 SH SOLE 67500
AGL RESOURCES INC COM 001204106 1190 70000 SH SOLE 70000
ATMI INC COM 00207R101 555 16800 SH SOLE 16800
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 1756 2500000 PRN SOLE 2500000
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 3722 7500000 PRN SOLE 7500000
BIOTIME INC COM 09066L105 247 27800 SH SOLE 27800
COOPER CAMERON CORP COM 216640102 489 10000 SH SOLE 10000
CONSTELLATION ENERGY GRP COM 210371100 4524 156000 SH SOLE 156000
CEPHALON CV 7.25%2049 144A CVPFD 156708307 11292 112500 SH SOLE 112500
CINERGY CORP COM 172474108 2523 105400 SH SOLE 105400
CONECTIV INC COM 206829103 2693 160200 SH SOLE 160200
CHECKFREE CV 6.50%2006 144A SDBCV 162816AA0 1580 1000000 PRN SOLE 1000000
CMS ENERGY CORP COM 125896100 555 17800 SH SOLE 17800
<ACQ>CONNECTICUT ENERGY CORP COM 207567108 688 17700 SH SOLE 17700
<ACQ>CONSOLIDAT NATURAL GAS CO COM 209615103 4987 76800 SH SOLE 76800
COMPAQ COMPUTER CORP COM 204493100 541 20000 SH SOLE 20000
CIRRUS LOGIC INC COM 172755100 948 71200 SH SOLE 71200
CIRRUS LOGIC CV 6% 12/15/03 SDBCV 172755AC4 1262 1500000 PRN SOLE 1500000
CTG RESOURCES INC COM 125957100 490 14100 SH SOLE 14100
CMP GROUP INC COM 125887109 891 32300 SH SOLE 32300
DIAMOND OFFSHORE DRILLING COM 25271C102 458 15000 SH SOLE 15000
DEVON ENERGY CORPORATION COM 25179M103 2572 78229 SH SOLE 78229
EMPIRE DISTRICT ELECTRIC CO COM 291641108 229 10100 SH SOLE 10100
EL PASO ELECTRIC CO COM 283677854 4007 408350 SH SOLE 408350
EASTERN ENTERPRISES COM 27637F100 3010 52400 SH SOLE 52400
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 4607 5250000 PRN SOLE 5250000
EDUCATIONAL VIDEO CONF COM 281505107 1658 81900 SH SOLE 81900
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 2991 3157000 PRN SOLE 3157000
R&B FALCON CORP COM 74912E101 663 50000 SH SOLE 50000
SPRINT CORP<FON GROUP> COM 852061100 2019 30000 SH SOLE 30000
FLORIDA PROGRESS CORP COM 341109106 317 7500 SH SOLE 7500
FPL GROUP INC COM 302571104 8533 199300 SH SOLE 199300
NICOR INC COM 654086107 468 14400 SH SOLE 14400
GENERAL INSTRUMENT CORP - NEW COM 370120107 12164 143100 SH SOLE 143100
GPU INC COM 36225X100 5938 199600 SH SOLE 199600
GTE CORP COM 362320103 1450 20550 SH SOLE 20550
HALLIBURTON CO COM 406216101 403 10000 SH SOLE 10000
HELIX TECHNOLOGY CORP COM 423319102 515 11500 SH SOLE 11500
HMT TECHNOLOGY CORP COM 403917107 737 184300 SH SOLE 184300
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 1634 1720000 PRN SOLE 1720000
INFORMIX CORP COM 456779107 1144 100000 SH SOLE 100000
ILLINOVA CORP COM 452317100 261 7500 SH SOLE 7500
IPALCO ENTERPRISES INC COM 462613100 6359 372700 SH SOLE 372700
I2 TECH CV 5.25% 12/15/06 144A SDBCV 465754AD1 1445 1000000 PRN SOLE 1000000
JONES INTERCABLE INC CL A COM 480206200 3358 48450 SH SOLE 48450
KULICK CV 4.75 12/15/06 144A SDBCV 501242AC5 14377 13070000 PRN SOLE 13070000
COCA COLA COMPANY COM 191216100 583 10000 SH SOLE 10000
LG&E ENERGY CORP USD COM 501917108 1780 102100 SH SOLE 102100
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 2805 40650 SH SOLE 40650
ALLIANT ENERGY CORP COM 018802108 1249 45400 SH SOLE 45400
MCDONALDS CORP COM 580135101 806 20000 SH SOLE 20000
MCN ENERGY GROUP INC COM 55267J100 810 34100 SH SOLE 34100
MINNESOTA POWER INC COM 604110106 4924 290700 SH SOLE 290700
MRV COMM CV 5% 6/15/03 REGD SDBCV 553477AB6 2365 1000000 PRN SOLE 1000000
MONTANA POWER CO COM 612085100 7497 207900 SH SOLE 207900
NAB CV PF 7.875% UNIT CVPFD 632525309 19236 697000 SH SOLE 697000
NABORS INDUSTRIES INC COM 629568106 464 15000 SH SOLE 15000
NEOMAGIC CORP COM 640497103 308 28200 SH SOLE 28200
NSTAR COM 67019E107 1843 45500 SH SOLE 45500
NORTHEAST UTILITIES COM 664397106 232 11300 SH SOLE 11300
OFFICE DEPOT INC COM 676220106 440 40000 SH SOLE 40000
OGE ENERGY CORP COM 670837103 952 50100 SH SOLE 50100
OMNIPOINT CORP COM 68212D102 10271 85150 SH SOLE 85150
P G & E CORP COM 69331C108 3766 183700 SH SOLE 183700
PUBLIC SERVICE CO OF N.C. COM 744516105 795 24600 SH SOLE 24600
PUBLIC SERVICE CO OF NEW MEX COM 744499104 244 15000 SH SOLE 15000
PINNACLE WEST CAPITAL COM 723484101 3020 98800 SH SOLE 98800
PROTECTION ONE INC COM 743663304 289 149300 SH SOLE 149300
PP&L RESOURCES INC COM 693499105 7046 308000 SH SOLE 308000
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 1292 1700000 PRN SOLE 1700000
REYNOLDS METALS CO COM 761763101 2452 32000 SH SOLE 32000
SCANA CORP COM 805898103 1279 47600 SH SOLE 47600
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 1683 1968000 PRN SOLE 1968000
SPEEDFAM - IPEC INC COM 847705100 4256 329000 SH SOLE 329000
SARA LEE CORP COM 803111103 552 25000 SH SOLE 25000
STANDARD MTR CV 6.75% 07/15/09 SDBCV 853666AB1 1520 1900000 PRN SOLE 1900000
SUNRISE TECHNOLOGIES INTL COM 86769L103 333 28200 SH SOLE 28200
TELEBANC FINANCIAL CORP COM 87925R109 2477 95250 SH SOLE 95250
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 28384 21750000 PRN SOLE 21750000
TNP ENTERPRISES INC COM 872594106 6864 166400 SH SOLE 166400
TOYS R US INC COM 892335100 429 30000 SH SOLE 30000
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 1561 1845000 PRN SOLE 1845000
UNITEDGLOBALCOM CV PF 7% CVPFD 913247201 1564 17500 SH SOLE 17500
UNITEDGLOBAL CV PFD 7.00% 144A CVPFD 913247102 10636 119000 SH SOLE 119000
UTILICORP UNITED INC COM 918005109 245 12600 SH SOLE 12600
U.S. FOODSERVICE COM 90331R101 1005 60000 SH SOLE 60000
UNION CARBIDE CORP COM 905581104 1966 29450 SH SOLE 29450
MEDIAONE GROUP INC COM 58440J104 13680 178100 SH SOLE 178100
USEC INC COM 90333E108 2871 410200 SH SOLE 410200
US WEST INC COM 91273H101 16942 235300 SH SOLE 235300
VION PHARMACEUTICALS INC COM 927624106 715 116700 SH SOLE 116700
WASHINGTON GAS LIGHT CO COM 938837101 2676 97300 SH SOLE 97300
WESTERN GAS RESOURCES INC COM 958259103 924 70100 SH SOLE 70100
WESTERN GAS RES CV PFD $2.625 CVPFD 958259301 562 21000 SH SOLE 21000
SICOR INC COM 929253102 1316 45100 SH SOLE 45100
WASTE MANAGEMENT CV 4% 2/1/2 SDBCV 94106LAA7 4363 5000000 PRN SOLE 5000000
WESTERN RESOURCES INC COM 959425109 3777 223000 SH SOLE 223000
WORLD COLOR CV 6.00% 10/01/07 SDBCV 981443AA2 3056 3000000 PRN SOLE 3000000
TRICON GLOBAL RESTAURANTS COM 895953107 386 10000 SH SOLE 10000
</TABLE>
