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 30,2000
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 15,2000
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: 177
Form 13F Information Table Value Total: $651,907
List of Other Included Managers:
<PAGE>
<TABLE> <C> <C>
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<DLST>ACUSON CORP COM 005113105 2389 105000 SH SOLE 105000
AMEREN CORPORATION COM 023608102 1126 26900 SH SOLE 26900
AMERICAN ELECTRIC POWER COM 025537101 1398 35800 SH SOLE 35800
ASSOCIATES FIRST CAPITAL - A COM 046008108 7651 201340 SH SOLE 201340
ALLETE COM 018522102 2591 117100 SH SOLE 117100
AMGEN INC COM 031162100 1379 19750 SH SOLE 19750
AMGEN INC COM 031162100 1746 25000 SH CALL SOLE 0
AMGEN INC COM 031162100 1746 25000 SH PUT SOLE 0
ANNTAYLOR CV .55% 6/18/19 SDBCV 036115AC7 1130 2000000 PRN SOLE 2000000
ARIBA INC COM 04033V104 2865 20000 SH SOLE 20000
ARIBA INC COM 04033V104 8596 60000 SH PUT SOLE 0
ARTESIAN RESOURCES CORP - CL A COM 043113208 596 25500 SH SOLE 25500
<DLST>ALTEON WEBSYSTEMS INC COM 02145A109 2385 22000 SH SOLE 22000
AVISTA CORP COM 05379B107 2041 90700 SH SOLE 90700
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 4808 2500000 PRN SOLE 2500000
AXA FINANCIAL INC COM 002451102 1019 20000 SH SOLE 20000
AXENT TECHNOLOGIES INC COM 05459C108 6777 314300 SH SOLE 314300
ALLEGHENY ENERGY INC COM 017361106 1934 50900 SH SOLE 50900
<ACQ>BESTFOODS COM 08658U101 16347 224700 SH SOLE 224700
<ACQ>BESTFOODS COM 08658U101 728 10000 SH CALL SOLE 0
<ACQ>B.I. INC COM 055467203 740 90000 SH SOLE 90000
BALLARD POWER SYSTEMS INC COM 05858H104 546 5000 SH SOLE 5000
BANK UNITED CORP-CL A COM 065412108 507 10000 SH SOLE 10000
<DLST>BUSH BOAKE ALLEN INC COM 123162109 2510 52500 SH SOLE 52500
BEAUTICONTROL COSMETICS COM 074655101 242 35000 SH SOLE 35000
CHRIS-CRAFT INDUSTRIES INC COM 170520100 989 12000 SH SOLE 12000
CEPHALON CV 7.25%2049 144A CVPFD 156708307 15398 112500 SH SOLE 112500
CEPHALON CV 7.25%2049 REGD SEC CVPFD 156708406 13092 95660 SH SOLE 95660
CFM TECHNOLOGIES INC COM 12525K106 1082 147900 SH SOLE 147900
<DLST>COLUMBIA ENERGY GROUP COM 197648108 25864 364280 SH SOLE 364280
COASTAL CORP COM 190441105 371 5000 SH SOLE 5000
CINERGY CORP COM 172474108 11635 351900 SH SOLE 351900
CONECTIV INC COM 206829103 231 12900 SH SOLE 12900
SEACOR CV 5.375% 11/15/06 SDBCV 811904AE1 558 500000 PRN SOLE 500000
COBALT NETWORKS INC COM 19074R101 2026 35000 SH SOLE 35000
CALPINE CORPORATION COM 131347106 781 7500 SH SOLE 7500
COMPAQ COMPUTER CORP COM 204493100 2752 100000 SH CALL SOLE 0
COMPAQ COMPUTER CORP COM 204493100 2752 100000 SH PUT SOLE 0
<ACQ>CIRCLE INTERNATIONAL GRP COM 172574105 560 18500 SH SOLE 18500
C-CUBE MICROSYSTEMS ICN COM 12501N108 841 41000 SH SOLE 41000
CYBERONICS COM 23251P102 1447 67500 SH SOLE 67500
DOMINION RESOURCES INC/VA COM 25746U109 5702 98200 SH SOLE 98200
DOUBLECLICK 4.75% 3/15/06 SDBCV 258609AC0 2429 2500000 PRN SOLE 2500000
<DLST>DEXTER CORP COM 252165105 5745 81100 SH SOLE 81100
VALHI INC CV 0.0% 10/20/7 SDBCV 918905AC4 5359 7300000 PRN SOLE 7300000
ECHOSTAR CV 4.875% 1/1/7 REG'D SDBCV 278762AD1 8720 6600000 PRN SOLE 6600000
<DLST>DONALDSON LUFKIN & JEN COM 257661108 15652 175000 SH SOLE 175000
DUPONT PHOTOMASKS CV 0% 7/24/4 SDBCV 26613XAC5 9636 10200000 PRN SOLE 10200000
<DLST>DURA PHARMACEUTICALS INC COM 26632S109 9275 262200 SH SOLE 262200
DYNEGY INC - CL A COM 26816Q101 513 9000 SH SOLE 9000
ENERGY EAST CORPORATION COM 29266M109 3907 172668 SH SOLE 172668
EMPIRE DISTRICT ELECTRIC CO COM 291641108 790 30100 SH SOLE 30100
EL PASO ELECTRIC CO COM 283677854 4720 342750 SH SOLE 342750
<DLST>EASTERN ENTERPRISES COM 27637F100 6592 103300 SH SOLE 103300
EDISON INTERNATIONAL COM 281020107 3880 200900 SH SOLE 200900
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 7088 6750000 PRN SOLE 6750000
EL PASO ENERGY CORP COM 283905107 351 5700 SH SOLE 5700
EQUITABLE RESOURCES INC COM 294549100 399 6300 SH SOLE 6300
EDUCATIONAL VIDEO CONF COM 281505107 467 45000 SH SOLE 45000
FATBRAIN.COM INC COM 311889109 378 97900 SH SOLE 97900
FUELCELL ENERGY INC COM 35952H106 13088 136000 SH SOLE 136000
<DLST>4FRONT TECHNOLOGIES INC COM 351042106 822 45200 SH SOLE 45200
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 3801 4107000 PRN SOLE 4107000
FORT JAMES CORPORATION COM 347471104 11003 360000 SH SOLE 360000
R&B FALCON CORP COM 74912E101 3477 125000 SH SOLE 125000
FORCENERGY INC COM 345206205 1021 39100 SH SOLE 39100
FLORIDA PROGRESS CORP COM 341109106 14479 273500 SH SOLE 273500
<DLST>FIRST SECURITY CORP DEL COM 336294103 3263 200000 SH SOLE 200000
NICOR INC COM 654086107 583 16100 SH SOLE 16100
GLOBAL 6.75% 4/15/12 TO-MW CVPFD G3921A134 10608 42250 SH SOLE 42250
GENESCO CV 5.50% 04/15/05 SDBCV 371532AL6 4469 4650000 PRN SOLE 4650000
GELTEX PHARMACEUTICALS INC COM 368538104 6629 141600 SH SOLE 141600
<DLST>GO2NET INC COM 383486107 11043 203500 SH SOLE 203500
GEORGIA PAC<GEORGIA-PAC GRP> COM 373298108 705 30000 SH CALL SOLE 0
<ACQ>GETTHERE INC COM 374266104 2653 150000 SH SOLE 150000
HARCOURT GENERAL INC COM 41163G101 1770 30000 SH SOLE 30000
HERTZ CORP COM 428040109 1191 37500 SH SOLE 37500
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 7242 8021000 PRN SOLE 8021000
INTERNET COMMERCE CORP COM 46059F109 215 20700 SH SOLE 20700
INTERNET CV 5.50% 12/21/04-PMW SDBCV 46059CAA4 2125 4000000 PRN SOLE 4000000
INTERMEDIA COMMUNICATIONS COM 458801107 10768 365000 SH SOLE 365000
IDACORP INC COM 451107106 638 13800 SH SOLE 13800
IMPCO TECHNOLOGIES INC COM 45255W106 1026 35700 SH SOLE 35700
INTERMAGNETICS GENERAL CORP COM 458771102 1028 38600 SH SOLE 38600
INFINITY BROADCASTING CL A COM 45662S102 8217 249000 SH SOLE 249000
IPALCO ENTERPRISES INC COM 462613100 6288 274900 SH SOLE 274900
I2 TECH CV 5.25% 12/15/06 144A SDBCV 465754AD1 2586 1000000 PRN SOLE 1000000
J P MORGAN & CO COM 616880100 3701 22600 SH SOLE 22600
KEEBLER FOODS CO COM 487256109 1260 30000 SH SOLE 30000
LG&E ENERGY CORP USD COM 501917108 5015 205200 SH SOLE 205200
ALLIANT ENERGY CORP COM 018802108 2103 71600 SH SOLE 71600
MCLEODUSA INC CL-A COM 582266102 2286 159700 SH SOLE 159700
MCLEODUSA INC CV 6.75% (CMW) CVPFD 582266201 14944 37750 SH SOLE 37750
MCN ENERGY GROUP INC COM 55267J100 1654 64560 SH SOLE 64560
<DLST>MALLINCKRODT INC COM 561232109 9339 204700 SH SOLE 204700
<DLST>MMC NETWORKS INC COM 55308N102 11037 87250 SH SOLE 87250
NABISCO HOLDINGS CORP CL A COM 629526104 2284 42500 SH SOLE 42500
NETWORK ASSC CV 0% 2/13/18 SDBCV 640938AB2 1147 3000000 PRN SOLE 3000000
NABISCO GROUP HOLDINGS COM 62952P102 14250 500000 SH SOLE 500000
NABISCO GROUP HOLDINGS COM 62952P102 7524 264000 SH CALL SOLE 0
<DLST>NOGATECH INC COM 654919109 1542 181400 SH SOLE 181400
NORTHWESTERN CORPORATION COM 668074107 300 15400 SH SOLE 15400
NRG ENERGY INC COM 629377102 2902 79500 SH SOLE 79500
<DLST>ANESTA CORP COM 034603100 702 30500 SH SOLE 30500
NORTHEAST UTILITIES COM 664397106 1778 82000 SH SOLE 82000
NUI CORP COM 629430109 1524 50500 SH SOLE 50500
QUANEX CORP CV 6.88% 06/30/07 SDBCV 747620AC6 2025 2250000 PRN SOLE 2250000
OTTAWA FINANCIAL CORP COM 689389104 2285 80000 SH SOLE 80000
OGDEN CORP CV 5.75% 10/20/02 SDBCV 676346AD1 1301 1500000 PRN SOLE 1500000
OGDEN CORP CV 6% 6/1/02 SDBCV 676346AC3 664 750000 PRN SOLE 750000
ONEOK INC COM 682680103 592 14900 SH SOLE 14900
PUBLIC SERVICE ENTERPRISE GP COM 744573106 7856 175800 SH SOLE 175800
PETCO ANIMAL SUPPLIES INC COM 716016100 1538 70500 SH SOLE 70500
PEOPLES ENERGY CORP COM 711030106 544 16300 SH SOLE 16300
<DLST>PIONEER GROUP INC COM 723684106 7035 160000 SH SOLE 160000
SIX FLAGS INC COM 83001P109 233 15000 SH SOLE 15000
PHOTRONICS CV 6.00% 06/01/04 SDBCV 719405AA0 3421 3500000 PRN SOLE 3500000
PUBLIC SERVICE CO OF NEW MEX COM 744499104 1441 55700 SH SOLE 55700
PENNICHUCK CORP COM 708254206 213 8200 SH SOLE 8200
PINNACLE WEST CAPITAL COM 723484101 1674 32900 SH SOLE 32900
PROTECTION ONE INC COM 743663304 275 200200 SH SOLE 200200
PPL CORP COM 69351T106 9235 221200 SH SOLE 221200
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 1428 1700000 PRN SOLE 1700000
<DLST>PAINE WEBBER GROUP INC COM 695629105 1584 23000 SH SOLE 23000
QUANTA SERVICES INC COM 74762E102 1926 68800 SH SOLE 68800
NASDAQ 100 SHARES COM 631100104 713 8000 SH SOLE 8000
NASDAQ 100 SHARES COM 631100104 1781 20000 SH PUT SOLE 0
RECKSON ASSOC REALTY CORP-B COM 75621K304 8538 323700 SH SOLE 323700
RAINFOREST CAFE INC COM 75086K104 333 110000 SH SOLE 110000
RESOURCE AMERICA INC - CL A COM 761195205 3145 370000 SH SOLE 370000
<DLST>REPUBLIC GROUP INC COM 760473108 1012 55100 SH SOLE 55100
ROUSE CV PFD $3.00 SER B CVPFD 779273309 1080 29900 SH SOLE 29900
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 2192 2545000 PRN SOLE 2545000
SDL INC COM 784076101 1232 4000 SH SOLE 4000
SEAGATE TECHNOLOGY INC COM 811804103 11523 167000 SH SOLE 167000
SOUTH JERSEY IND COM 838518108 231 7900 SH SOLE 7900
SOLECTRON CV ZCPN 5/8/20 SDBCV 834182AK3 3032 4500000 PRN SOLE 4500000
<DLST>SPLASH TECHNOLOGY HLDGS COM 848623104 463 50000 SH SOLE 50000
SEMPRA ENERGY COM 816851109 2391 114888 SH SOLE 114888
SOFTWARE.COM INC COM 83402P104 4990 27500 SH SOLE 27500
<ACQ>SMALLWORLDWIDE PLC-ADR ADR 83168P108 2179 110000 SH SOLE 110000
SOUTHWEST GAS CORP COM 844895102 400 19100 SH SOLE 19100
TELXON CORP COM 879700102 263 15000 SH SOLE 15000
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 9858 7875000 PRN SOLE 7875000
SPEEDWAY MTR CV 5.75% 09/30/03 SDBCV 847788AC0 3822 4270000 PRN SOLE 4270000
TRIARC INC CV ZCPN 02/09/18 SDBCV 895927AB7 1555 5000000 PRN SOLE 5000000
<DLST>TRITEL INC COM 89675X104 3497 244300 SH SOLE 244300
TIME WARNER INC COM 887315109 3521 45000 SH SOLE 45000
TEXAS BIOTECH CORP WTS 12/31/0 RT 88221T120 490 63600 SH SOLE 63600
TXU CORPORATION COM 873168108 3515 88700 SH SOLE 88700
TYCO INTERNATIONAL LTD COM 902124106 3278 63200 SH PUT SOLE 0
<DLST>UNICOM CORP COM 904911104 9243 164500 SH SOLE 164500
UNITEDGLOBALCOM CV 7% CMW/S CVPFD 913247201 1630 38910 SH SOLE 38910
UNITEDGLOBAL CV PFD 7.00% 144A CVPFD 913247102 4985 119000 SH SOLE 119000
UNITEDGLOBALCOM CV 7% D CMW/S CVPFD 913247805 2270 70861 SH SOLE 70861
UTILICORP UNITED INC COM 918005109 5136 198500 SH SOLE 198500
UNITED DOMINION INDS LTD COM 909914103 829 35000 SH SOLE 35000
UGI CORP COM 902681105 1147 47300 SH SOLE 47300
UIL HOLDINGS CORP COM 902748102 1394 27100 SH SOLE 27100
UNION CARBIDE CORP COM 905581104 3775 100000 SH SOLE 100000
<DLST>URBAN SHOPPING CENTERS COM 917060105 831 17500 SH SOLE 17500
US FRANCHISE SYSTEMS INC- CL A COM 902956309 491 101400 SH SOLE 101400
UNITIL CORP COM 913259107 513 19700 SH SOLE 19700
VION PHARMACEUTICALS INC COM 927624106 6671 373200 SH SOLE 373200
VODAFONE GROUP PLC - ADR ADR 92857W100 278 7500 SH SOLE 7500
VODAFONE GROUP PLC - ADR ADR 92857W100 925 25000 SH PUT SOLE 0
<DLST>VOYAGER.NET INC COM 92906W101 571 94600 SH SOLE 94600
VOICESTREAM WIRELESS CORP COM 928615103 5873 50600 SH SOLE 50600
WEBB DEL E. CORP COM 947423109 1668 60100 SH SOLE 60100
WORLDCOM INC COM 98157D106 6853 225600 SH PUT SOLE 0
WISCONSIN ENERGY CORP COM 976657106 2133 107000 SH SOLE 107000
WASHINGTON HOMES INC COM 938864105 431 44200 SH SOLE 44200
XCEL ENERGY INC COM 98389B100 3743 136100 SH SOLE 136100
<DLST>YOUNG & RUBICAM INC COM 987425105 3104 62700 SH SOLE 62700
YORK INTERNATIONAL INC COM 986670107 522 21000 SH SOLE 21000
<DLST>ZIFF DAVIS INC ZD COM 989511100 1313 161600 SH SOLE 161600
<DLST>ZIFF-DAVIS INC - ZDNET COM 989511209 3465 246400 SH SOLE 246400
</TABLE>
