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 31,2000
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 MAY 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: 102
Form 13F Information Table Value Total: $337,401
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ADVANCED ENE CV 5.25% 11/15/06 SDBCV 007973AA8 2427 2000000 PRN SOLE 2000000
AERIAL COMMUNICATIONS INC COM 007655103 4860 85550 SH SOLE 85550
AES CORP COM 00130H105 1536 19500 SH SOLE 19500
ALKERMES CV 3.75% 2/15/07 144A SDBCV 01642TAA6 576 700000 PRN SOLE 700000
ALKERMES CV PFD 6.50% CVPFD 01642T405 22283 140550 SH SOLE 140550
<ACQ>ATLANTIC RICHFIELD COM 048825103 4888 57500 SH SOLE 57500
ARTESIAN RESOURCES CORP - CL A COM 043113208 329 14300 SH SOLE 14300
ASPECT DEVELOPMENT INC COM 045234101 4757 73900 SH SOLE 73900
AVIRON CV 5.75% 04/01/05 SDBCV 053762AC4 2530 2500000 PRN SOLE 2500000
AVANT! CORPORATION COM 053487104 438 35000 SH SOLE 35000
ALLEGHENY ENERGY INC COM 017361106 2099 75800 SH SOLE 75800
ALZA CORP CV ZERO CPN 7/14/14 SDBCV 022615AC2 3867 7500000 PRN SOLE 7500000
ALZA CORP CV 5.00% 05/01/06 SDBCV 022615AD0 3303 3000000 PRN SOLE 3000000
BROOKS AUTOMATION INC COM 11434A100 1750 28000 SH SOLE 28000
BIOTIME INC COM 09066L105 320 27800 SH SOLE 27800
CORDANT TECHNOLOGIES INC COM 218412104 2828 50000 SH SOLE 50000
CONSTELLATION ENERGY GRP COM 210371100 3551 111400 SH SOLE 111400
CEPHALON CV 7.25%2049 144A CVPFD 156708307 12102 112500 SH SOLE 112500
COLUMBIA ENERGY GROUP COM 197648108 4563 77000 SH SOLE 77000
CHECKFREE CV 6.50%2006 144A SDBCV 162816AA0 1137 1000000 PRN SOLE 1000000
CMS ENERGY CORP COM 125896100 1345 74200 SH SOLE 74200
CONCENTRIC NETWORK CORP COM 20589R107 4221 76750 SH SOLE 76750
CIRRUS LOGIC CV 6% 12/15/03 SDBCV 172755AC4 5773 6250000 PRN SOLE 6250000
C-CUBE MICROSYSTEMS ICN COM 125015107 6335 87000 SH SOLE 87000
DUFF & PHELPS CREDIT RATING COM 26432F109 1291 12950 SH SOLE 12950
DII GROUP INC COM 232949107 1357 12000 SH SOLE 12000
DETROIT EDISON CO (DTE) COM 233331107 680 23300 SH SOLE 23300
DUKE POWER CO COM 264399106 1381 26300 SH SOLE 26300
DYNEGY INC COM 26816Q101 1706 27200 SH SOLE 27200
EMPIRE DISTRICT ELECTRIC CO COM 291641108 328 16700 SH SOLE 16700
EL PASO ELECTRIC CO COM 283677854 4241 408750 SH SOLE 408750
EASTERN ENTERPRISES COM 27637F100 3676 61400 SH SOLE 61400
EMCOR GROUP CV 5.75% 04/01/05 SDBCV 29084QAC4 4908 5250000 PRN SOLE 5250000
EDUCATIONAL VIDEO CONF COM 281505107 2960 82800 SH SOLE 82800
EARTHWEB INC COM 27032C108 483 19600 SH SOLE 19600
EXIDE CORP COM 302051107 354 30000 SH SOLE 30000
IXNET INC COM 46601C109 950 20700 SH SOLE 20700
FINANCIAL CV 4.5% 5/01/05 SDBCV 317492AC0 2566 3157000 PRN SOLE 3157000
FLORIDA PROGRESS CORP COM 341109106 326 7100 SH SOLE 7100
FPL GROUP INC COM 302571104 5325 115600 SH SOLE 115600
FSI INTL INC COM 302633102 3948 192600 SH SOLE 192600
NICOR INC COM 654086107 428 13000 SH SOLE 13000
GPU INC COM 36225X100 2880 105200 SH SOLE 105200
HANNAFORD BROS CO COM 410550107 1659 22500 SH SOLE 22500
HUTCHINSON CV 6% 3/15/05 SDBCV 448407AC0 990 1220000 PRN SOLE 1220000
IDACORP INC COM 451107106 209 6000 SH SOLE 6000
INPUT OUTPUT INC COM 457652105 202 33000 SH SOLE 33000
IPALCO ENTERPRISES INC COM 462613100 7371 378000 SH SOLE 378000
INTERVU INC COM 46114R106 1125 12500 SH SOLE 12500
I2 TECH CV 5.25% 12/15/06 144A SDBCV 465754AD1 1754 1000000 PRN SOLE 1000000
JOSTENS INC COM 481088102 949 38950 SH SOLE 38950
KULICK CV 4.75 12/15/06 144A SDBCV 501242AC5 20099 13070000 PRN SOLE 13070000
KANSAS CITY POWER & LIGHT COM 485134100 1276 44000 SH SOLE 44000
<ACQ>INTERLEAF INC COM 458729209 3560 75750 SH SOLE 75750
LG&E ENERGY CORP USD COM 501917108 3180 139000 SH SOLE 139000
LABORATORY CV PFD 8.50% SR A CVPFD 50540R201 4346 56150 SH SOLE 56150
LIPOSOME COMPANY INC COM 536310105 521 29850 SH SOLE 29850
ALLIANT ENERGY CORP COM 018802108 1695 55700 SH SOLE 55700
LEVEL 3 COMMUNICATIONS INC COM 52729N100 391 3700 SH SOLE 3700
LEVEL 3 COMMUNICATIONS INC COM 52729N100 4209 39800 SH PUT SOLE 0
MACROCHEM CORP/DELAWARE COM 555903103 220 31400 SH SOLE 31400
MCN ENERGY GROUP INC COM 55267J100 1858 74300 SH SOLE 74300
MIRAGE RESORTS INC COM 60462E104 969 50000 SH SOLE 50000
METAMOR WORLDWIDE INC COM 59133P100 2831 100000 SH SOLE 100000
MINNESOTA POWER INC COM 604110106 4580 275500 SH SOLE 275500
MONTANA POWER CO COM 612085100 1344 21000 SH PUT SOLE 0
ENERGY EAST CORPORATION COM 29266M109 3527 178015 SH SOLE 178015
NEWBRIDGE NETWORKS CORP COM 650901101 2514 77500 SH SOLE 77500
NSTAR COM 67019E107 1592 37900 SH SOLE 37900
<MGR>ORTEL CORP COM 68749W102 6372 33950 SH SOLE 33950
<ACQ>PIMCO ADVISORS HLDGS LP COM 69338P102 383 10000 SH SOLE 10000
PAIRGAIN TECHNOLOGIES INC COM 695934109 1448 77500 SH SOLE 77500
P G & E CORP COM 69331C108 2961 141000 SH SOLE 141000
PUBLIC SERVICE CO OF NEW MEX COM 744499104 504 32000 SH SOLE 32000
PINNACLE WEST CAPITAL COM 723484101 3549 125900 SH SOLE 125900
PROTECTION ONE INC COM 743663304 308 149300 SH SOLE 149300
PPL CORP COM 69351T106 6556 313100 SH SOLE 313100
PAYLESS SHOESOURCE INC COM 704379106 623 12000 SH SOLE 12000
PENN TREATY CV 6.25% 12/01/03 SDBCV 707874AC7 1282 1700000 PRN SOLE 1700000
SYSTEMS & COMP CV 5% 10/15/04 SDBCV 871873AB1 2129 2048900 PRN SOLE 2048900
GENERAL SEMI CV 5.75%2006 144A SDBCV 370787AA1 629 500000 PRN SOLE 500000
SFX ENTERTAINMENT INC COM 784178105 3991 97800 SH SOLE 97800
SILKNET SOFTWARE INC COM 827094103 2102 20300 SH SOLE 20300
SYLVAN LEARNING SYSTEMS INC COM 871399101 1195 75000 SH SOLE 75000
STANDARD MTR CV 6.75% 07/15/09 SDBCV 853666AB1 1363 1900000 PRN SOLE 1900000
TEGAL CORP COM 879008100 344 51900 SH SOLE 51900
TIMES MIRROR CO CL A COM 887364107 10455 112500 SH SOLE 112500
TELEFONOS MEX 4.25% 06/15/04 SDBCV 879403AD5 32860 21750000 PRN SOLE 21750000
TNP ENTERPRISES INC COM 872594106 7895 180200 SH SOLE 180200
TOWER AUTO CV 5.00% 8/01/04 SDBCV 891707AE1 1604 1845000 PRN SOLE 1845000
UNITEDGLOBALCOM CV 7% CMW/S CVPFD 913247201 2881 30000 SH SOLE 30000
UNITEDGLOBAL CV PFD 7.00% 144A CVPFD 913247102 11427 119000 SH SOLE 119000
U.S. FOODSERVICE COM 90331R101 1481 57500 SH SOLE 57500
MEDIAONE GROUP INC COM 58440J104 6699 82700 SH SOLE 82700
USEC INC COM 90333E108 1261 265500 SH SOLE 265500
US WEST INC COM 91273H101 6536 90000 SH SOLE 90000
ULTRATECH STEPPER INC COM 904034105 822 57700 SH SOLE 57700
UNITIL CORP COM 913259107 325 11000 SH SOLE 11000
VION PHARMACEUTICALS INC COM 927624106 2647 149100 SH SOLE 149100
VION PHARM WTS-B 08/17/00 RT 927624122 1952 173500 SH SOLE 173500
WESTERN GAS RES CV PFD $2.625 CVPFD 958259301 609 21000 SH SOLE 21000
<ACQ>WICOR INC COM 929253102 1631 52600 SH SOLE 52600
</TABLE>
