<PAGE>
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: Straus Capital Management, L.L.C.
Address: 88 Pine Street
New York, New York 10005
Form 13F File Number: 28-
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: Mickey Straus
Title: Managing Member
Phone: (212) 363-2005
Signature, Place, and Date of Signing:
/s/ Mickey Straus New York, New York 8/9/99
_______________________ _____________________ _________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
<PAGE>
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager: NONE
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
[Repeat as necessary.]
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 116
Form 13F Information Table Value Total: $211,227
[thousands]
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
[Repeat as necessary.]
3
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<TABLE>
STRAUS CAPITAL MANGAEMENT
FORM 13F
June 30, 1999
<CAPTION>
Title Shares or Investment Discretion Voting Authority
of Fair Principal SH/ --------------------- ----------------
Name of Issuer Class CUSIP Market Value Amount PRN P/C Sole Share Other Managers Sole Share None
- ------------------------- ----- --------- ------------- -------- --- --- ---- ----- ----- -------- ---- ----- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADFORCE INC. COM 00686710 411,250 17,500 SH X 17,500
ADVANTAGE LEARNING
SYS INC COM 00757K10 807,563 36,500 SH X 36,500
AMERICA ONLINE INC COM 02364J10 5,792,600 52,660 SH X 52,660
COM
AMERICA WEST HLDG CORP COM 02365720 3,520,188 186,500 SH X 186,500
CL B
AMERICAN BANK NOTE
HOLOGRAPH COM 02437710 130,625 47,500 SH X 47,500
AMEX MORGAN STANLEY
HI TECH OPT 0309833SF 4,057,340 3,500P PUT X
35 INDEX
AMEX MORGAN STANLEY
HI TECH OPT 0309833ST 4,636,960 4,000P PUT X
35 INDEX
AMEX MORGAN STANLEY
HI TECH OPT 0309837SL 2,898,100 2,500P PUT X
35 INDEX
AMEX MORGAN STANLEY
HI TECH OPT 0309837SR 6,955,440 6,000P PUT X
35 INDEX
ANALOG DEVICES INC COM 03265410 1,806,732 36,000 SH X 36,000
APPLIED PWR INC COM 03822510 819,360 30,000 SH X 30,000
CL A
ASK JEEVES INC COM 04517410 1,400 100 SH X 100
ASPECT DEV INC COM 04523410 1,572,500 85,000 SH X 85,000
COM
ASPECT TELECOMMUNICATIONS COM 04523710 1,014,000 104,000 SH X 104,000
COM
AXENT TECHNOLOGIES INC COM 05459C10 383,813 34,500 SH X 34,500
COM
AZURIX CORP COM 05501M10 560,000 28,000 SH X 28,000
BASIN EXPL INC COM 07010710 652,015 32,500 SH X 32,500
BEYOND.COM CORP COM 08860E10 989,702 34,500 SH X 34,500
BLUE RHINO CORP COM 09581110 987,603 107,500 SH X 107,500
BOWNE & CO INC COM 10304310 1,297,375 97,000 SH X 97,000
BRIGHTSTAR INFORMATION
TECHN COM 10947N10 809,375 185,000 SH X 185,000
COM
BROCADE COMMUNICATI COM 11162110 867,933 9,000 SH X 9,000
CAREINSITE INC COM 14170M10 637,875 13,500 SH X 13,500
4
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CARNIVAL CORP CL A COM 14365810 1,843,000 38,000 SH X 38,000
CHEAP TICKETS INC COM 16267210 711,750 19,500 SH X 19,500
COM
CITRIX SYS INC COM 17737610 2,034,000 36,000 SH X 36,000
COM
CLARENT CORP DEL COM 18046110 7,500 500 SH X 500
COINSTAR INC COM 19259P30 573,740 20,000 SH X 20,000
COM
COMDISCO INC COM 20033610 435,625 17,000 SH X 17,000
CONCUR TECHNOLOGIES COM 20670810 1,181,250 42,000 SH X 42,000
CONTINENTAL AIRLS INC COM 21079530 2,408,000 64,000 SH X 64,000
CL B
CORIXA CORP COM 21887F10 641,232 36,000 SH x 36,000
CYBERSHOP INTL INC COM 23251X10 178,750 26,000 SH X 26,000
ESPS INC COM 26912910 751,137 101,000 SH X 101,000
EARTHSHELL CORP COM 27032B10 1,011,500 144,500 SH X 144,500
ECHOSTR COMMUN CORP NEW COM 27876210 3,605,770 23,500 SH X 23,500
CL A
EDGAR ONLINE INC COM 27976510 512,000 64,000 SH X 64,000
EMULEX CORP COM 29247520 1,056,277 9,500 SH X 9,500
COM NEW
EXODUS COMMUNICATIONS INC COM 30208810 14,956,144 124,700 SH X 124,700
GENERAL NUTRITION CO INC COM 37047F10 1,573,560 67,500 SH X 67,500
HADCO CORP COM 40468110 1,828,500 46,000 SH X 46,000
HOST MARRIOTT CORP NEW COM 44107P10 2,190,510 184,464 SH X 184,464
COM
IXC COMMUNICATIONS COM 45071310 1,179,360 30,000 SH X 30,000
INTL NETWORK SERVICES COM 46005310 2,765,688 68,500 SH X 68,500
INTRANET SOLUTIONS COM 46093930 674,960 80,000 SH X 80,000
INTERNET COM CORP COM 46096710 43,967 3,500 SH X 3,500
LCA-VISION INC COM 50180320 977,760 105,000 SH X 105,000
LHS GROUP INC OPT 5019389SF 265,000 8,000P PUT X
COM
LANDRYS SEAFOOD
RESTAURANTS COM 51508L10 360,000 45,000 SH X 45,000
LEAP WIRELESS INTL INC COM 52186310 1,771,875 87,500 SH X 87,500
COM
LEGATO SYSTEMS INC COM 52465110 2,021,250 35,000 SH X 35,000
MAPQUEST COM INC COM 56564410 489,360 30,000 SH X 30,000
MARIMBA COM 56781Q10 922,031 17,500 SH X 17,500
MEDIA METRIX INC COM 58440X10 213,000 4,000 SH X 4,000
MEDICAL MANAGER COR COM 58461C10 508,875 11,500 SH X 11,500
MENS WEARHOUSE INC COM 58711810 548,250 21,500 SH X 21,500
MERCURY INTERACTIVE CORP COM 58940510 1,468,063 41,500 SH X 41,500
MOVADO GROUP INC COM 62458010 1,073,813 41,500 SH X 41,500
COM
NTL INC COM 62940710 2,930,358 34,000 SH X 34,000
COM ----------
99,813,070
5
<PAGE>
NETWORK SOLUTIONS I COM 64121Q10 2,136,375 27,000 SH X 27,000
NEW S & P 500 INDEX OPT 6488150S 13,727,100 10,000P PUT X
NEW
NEWHALL LD & FARMING CO COM 65142610 1,477,500 60,000 SH X 60,000
OPTIMAL ROBOTICS CO COM 68388R20 258,362 26,000 SH X 26,000
PAPA JOHNS INTL INC COM 69881310 1,832,167 41,000 SH X 41,000
PARTY CITY CORP COM 70214510 0 160,000 SH X 160,000
COM
PEGASUS SYSTEMS INC COM 70590610 3,650,108 97,500 SH X 97,500
PETSMART INC COM 71676810 7,851,500 766,000 SH X 766,000
PJ AMERICA INC COM 72585Q10 2,489,473 117,500 SH X 117,500
POLYCOM INC COM 73172K10 1,150,500 29,500 SH X 29,500
POWERWAVE TECHNOLOGIES INC COM 73936310 1,935,000 60,000 SH X 60,000
COM
PRISON REALTY TRUST, INC COM 74264N10 2,453,125 250,000 SH X 250,000
QUALCOMM INC COM 74752510 14,206,5008 99,000 SH X 99,000
REDBACK NETWORKS INC COM 75720910 753,372 6,000 SH X 6,000
COM
REGISTRY MAGIC INC COM 75913K10 103,541 23,500 SH X 23,500
RELIANCE GROUP HLDGS INC COM 75946410 1,022,588 137,500 SH X 137,500
RENAISSANCE WORLDWIDE INC COM 75968A10 509,952 64,000 SH X 64,000
COM
RIBI IMMUNOCHEM RES INC COM 76255310 62,500 25,000 SH X 25,000
RYANAIR HOLDINGS PLC-ADR COM 78351310 742,000 14,000 SH X 14,000
W/I
SFX ENTERTAINMENT - CL A COM 78417810 1,920,000 30,000 SH X 30,000
W/I
SAP AG COM 80305420 50,206 1,450 SH X 1,450
SAVILLE SYS PLC COM 80517410 790,250 54,500 SH X 54,500
SPONSORED ADR
SECURITY DYNAMICS TECH INC COM 81420810 5,992,500 282,000 SH X 282,000
SELECT COMFORT CORP COM 81616X10 643,464 72,000 SH X 72,000
SKYWEST INC COM 83087910 1,047,354 42,000 SH X 42,000
COM
STARBUCKS CORP COM 85524410 2,750,000 100,000 SH X 100,000
STARWOOD HOTELS & RESORTS COM 85590A20 1,757,315 57,500 SH X 57,500
WO PAIRED CTF 1 B
STREAMLINE COM INC COM 86323910 326,511 40,500 SH X 40,500
COM
SUNGLASS HUT INTL INC COM 86736F10 1,546,830 90,000 SH X 90,000
SUNRISE ASSISTED
LIVING INC COM 86768K10 627,750 18,000 SH X 18,000
COM
TANDY CORP COM 87538210 1,173,000 24,000 SH X 24,000
TEKELEC COM 87910110 277,864 22,800 SH X 22,800
TEMPLATE SOFTWARE INC COM 87978810 1,050,000 240,000 SH X 240,000
COM
TOTAL ENTMNT RESTAURANT
CORP COM 89150E10 1,060,500 353,500 SH X 353,500
USA FLORAL PRODS COM 90331T10 801,572 106,000 SH X 106,000
UNIPHASE CORP COM 90914910 1,245,000 7,500 SH X 7,500
6
<PAGE>
USINTERNETWORKING INC COM 91731180 840,000 20,000 SH X 20,000
VERIO INC COM 92343310 8,861,250 127,500 SH X 127,500
VERISIGN INC COM 92343E10 2,501,250 29,000 SH X 29,000
VOICESTREAM WIRELESS CORP COM 92861510 853,110 30,000 SH X 30,000
COM
WACKENHUT CORRECTIONS CORP COM 92979810 772,668 39,000 SH X 39,000
COM
WESLEY JESSEN VISIO COM 95101810 841,750 26,000 SH X 26,000
WESTERN WIRELESS CORP COM 95988E20 985,500 36,500 SH X 36,500
CL A
WHOLE FOODS MKT INC COM 96683710 1,850,387 38,500 SH X 38,500
WINSTAR COMMUNICATIONS INC COM 97551510 2,145,000 44,000 SH X 44,000
WINSTAR COMM INC 144A CNV PF 97551586 1,200,000 1,200 SH X 1,200
7.250% 12/31/49
WORLD HEART CORP COM 98090510 410,000 40,000 SH X 40,000
YOUBET.COM INC COM 98741310 812,027 71,000 SH X 71,000
ZOLL MED CORP COM 98992210 840,000 70,000 SH X 70,000
GEMSTAR INTL GROUP LTD COM G3788V10 2,349,000 36,000 SH X 36,000
GLOBALSTAR
TELECOMMUNICATION COM G3930H10 2,515,844 108,500 SH X 108,500
LTD-ORD 2 CENTS
IRIDIUM WORLD COMM INC OPT G493989SC 20,000P PUT X
LORAL SPACE COMMUNICATIONS COM G5646210 1,935,000 107,500 SH X 107,500
COM
ESC MEDICAL SYSTEMS LTD COM M4086810 930,113 145,900 SH X 145,900
OPTIBASE LTD COM M7524R10 384,375 50,000 SH X 35,000
RIT TECHNOLOGIES COM M8215N10 63,438 35,000 SH X 35,000
COM
ROYAL CARIBBEAN CRUISES
LTD COM V7780T10 3,390,625 77,500 SH X 77,500
--------------
111,413,640
211,226,712
</TABLE>
7
02174002.AB5
