<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: 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: Straus Capital Management, L.L.C.
Address: 88 Pine Street
New York, New York 10005
Form 13F File Number: 028-04115
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 2/11/00
____________________ ___________________ _________
[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.)
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[ ] 13F NOTICE. (Check here if no holdings reported are in
this report, and all holdings are reported by other
reporting manger(s).)
[ ] 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
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 161
Form 13F Information Table Value Total: $443,280,297
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.
NONE
3
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Strauss Asset Management
FORM 13F
December 31, 1999
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ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
--------- -------- -------- -------- -------- --------- -------- --------
VOTING AUTHORITY
FAIR
TITLE CUSIP MARKET SHRS OR SH/ PUT/ INVESTMENT OTHER SOLE SHARED NONE
NAME OF ISSUES OF CLASS NUMBER VALUE PRN AMT PRN CALL DISCRETION MANAGERS (A) (B) (C)
- -------------- -------- ------ ------ ------- ---- ----- ----- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADFORCE INC COM 006867105 6,388,063 89,500 x Sole NONE 89,500
ADVANTAGE LEARNING
SYS INC COM 00757K100 794,313 71,000 x Sole NONE 71,000
AIRNET COMMUNICATIONS
CORP. COM 00941P106 1,000,313 27,500 x Sole NONE 27,500
AMERICA ON LINE
INC COM COM 02364J104 6,777,155 89,320 x Sole NONE 89,320
AMERICA WEST HLDG
CORP CL B COM 023657208 2,593,750 125,000 x Sole NONE 125,000
AMERICAN BANK NOTE
HOLOGRAPH COM 024377103 76,000 47,500 x Sole NONE 47,500
MORGAN STANLEY HI
TECH 35 PUT JAN
1230.000 OPT 0309839MF 1,000 80P x Sole NONE 80
ANALOG DEVICES
INC COM 032654105 1,581,000 17,000 x Sole NONE 17,000
APOLLO GROUP INC.
C1 A COM 037604105 250,781 12,500 x Sole NONE 12,500
ASPECT DEV INC COM 045234101 5,754,000 84,000 x Sole NONE 84,000
ASPECT COMMUNICATIONS
CORP. COM 04523Q102 2,817,000 72,000 x Sole NONE 72,000
AZURIX CORP. COM 05501M104 1,966,250 220,000 x Sole NONE 220,000
BEYOND.COM CORP COM 08860E101 710,938 91,000 x Sole NONE 91,000
BLUE RHINO CORP. COM 095811105 1,584,375 162,500 x Sole NONE 162,500
MORGAN STANLEY HI TECH
35 PUT JAN 1710.000 OPT 0B599W9MB 94,875 30P x Sole NONE 30
MORGAN STANLEY HI TECH
35 PUT JAN 1720.000 OPT 0B599W9MD 204,750 60P x Sole NONE 60
MORGAN STANLEY HI TECH
35 PUT JAN 1760.000 OPT 0B599W9ML 141,000 30P x Sole NONE 30
MORGAN STANLEY HI TECH
35 PUT JAN 1700.000 OPT 0B599W9MT 234,000 80P x Sole NONE 80
BRIGHTSTAR
INFORMATION
TECH COM COM 10947N104 2,846,250 345,000 x Sole NONE 345,000
4
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BROADWING INC. COM 111620100 3,318,750 90,000 x Sole NONE 90,000
BUSINESS OBJECTS S A
A D R COM 12328X107 1,737,125 13,000 x Sole NONE 13,000
S & P 500 INDEX
PUT JAN 1415.00 OPT 12486Q9MC 156,250 125P x Sole NONE 125
S & P 500 INDEX
PUT JAN 1440.00 OPT 12486Q9MH 177,500 100P x Sole NONE 100
C-BRIDGE INTERNET
SOLUTIONS COM 12500B105 607,813 12,500 x Sole NONE 12,500
CABLETRON SYS INC. COM 126920107 2,769,000 106,500 x Sole NONE 106,500
CARNIVAL CORP
CL A COM 143658102 1,816,875 38,000 x Sole NONE 38,000
CHEAP TICKETS
INC COM 162672109 1,272,938 93,000 x Sole NONE 93,000
CITRIX SYS INC COM 177376100 11,254,500 91,500 x Sole NONE 91,500
COBALT GROUP
INC. COM 19074Q103 740,625 79,000 x Sole NONE 79,000
COMMERCE ONE INC COM 200693109 58,950 300 x Sole NONE 300
COMPUTER NETWORK TECH
CORP COM 204925101 1,422,125 62,000 x Sole NONE 62,000
CONCUR TECHNOLO-
GIES COM 206708109 2,160,500 74,500 x Sole NONE 74,500
CONTINENTAL
AIRLS INC CL B COM 210795308 3,518,938 79,300 x Sole NONE 79,300
CORIXA CORP COM 21887F100 595,000 35,000 x Sole NONE 35,000
CYBERSOURCE CORP COM 23251J106 2,018,250 39,000 x Sole NONE 39,000
DELL COMPUTER CORP
PUT JAN 50.00 OPT 2470259MJ 50,000 250P x Sole NONE 250
DIAMOND OFFSHORE
DRILLING COM 25271C102 2,903,438 95,000 x Sole NONE 95,000
DIEDRICH COFFEE
INC COM 253675102 737,344 181,500 x Sole NONE 181,500
DRUGSTORE COM
INC COM 262241102 579,000 16,000 x Sole NONE 16,000
ESPS INC COM 269129102 868,688 169,500 x Sole NONE 169,500
EARTHSHELL CORP COM 27032B100 495,000 120,000 x Sole NONE 120,000
EBAY INC
PUT JAN 150.00 OPT 2786429MJ 41,438 15P x Sole NONE 15
ECHOSTAR COMMON
CORP NEW CL A COM 278762109 9,545,250 97,900 x Sole NONE 97,900
EDGAR ONLINE INC COM 279765101 737,500 100,000 x Sole NONE 100,000
EGAIN COMMUNI-
CATIONS CORP COM 28225C103 943,750 25,000 x Sole NONE 25,000
EMULEX CORP COM 292475209 10,068,750 89,500 x Sole NONE 89,500
EMULEX CORP
CALL JAN 50.00 OPT 2924759AJ 315,625 50P x Sole NONE 50
EXACTIX.COM INC COM 30064G104 121,563 5,000 x Sole NONE 5,000
EXODUS COMMUNI-
CATIONS INC COM 302088109 27,443,063 309,000 x Sole NONE 309,000
FDX CORP COM 31304N107 1,637,500 40,000 x Sole NONE 40,000
GADZOOX NETWORKS
5
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INC COM 362555104 522,750 12,000 x Sole NONE 12,000
GARTNER GROUP INC
C1 A COM 366651107 762,500 50,000 x Sole NONE 50,000
GLOBALSTAR TELECOMM-
UNICATION LTD 9.0%
CVPFD PREFRD 379364870 2,090,925 22,500 x Sole NONE 22,500
GOOD GUYS INC COM 382091106 931,250 100,000 x Sole NONE 100,000
HADCO CORP COM 404681108 4,054,500 79,500 x Sole NONE 79,500
HEALTHCENTRAL.COM COM 42221V106 146,250 20,000 x Sole NONE 20,000
HOST MARRIOTT COM 44107P104 2,598,750 315,000 x Sole NONE 315,000
IGO CORP COM 449592104 965,156 106,500 x Sole NONE 106,500
INFONET SERVICES CORP COM 45666T106 262,500 10,000 x Sole NONE 10,000
INSO CORPORATION COM 457674109 4,563,375 141,500 x Sole NONE 141,500
INTERACTIVE
INTELLIGENCE INC COM 45839M103 572,438 21,500 x Sole NONE 21,500
INTERLEAF INC COM 458729209 1,883,000 56,000 x Sole NONE 56,000
INTRANET
SOLUTIONS INC COM 460939309 1,572,500 42,500 x Sole NONE 42,500
I2 TECHNOLOGIES INC
PUT JAN 90.00 OPT 4657549MR 19,375 100P x Sole NONE 100
JDS UNIPHASE
CORP COM 46612J101 6,033,158 37,400 x Sole NONE 37,400
JABIL CIRCUIT INC
PUT JAN 70.00 OPT 4663139MN 20,000 80P x Sole NONE 80
JABIL CIRCUIT INC
PUT JAN 75.00 OPT 4663139MO 50,000 100P x Sole NONE 100
ARIBA INC
PUT JAN 150.00 OPT 47599W9MJ 25,625 25P x Sole NONE 25
KOHLS CORP
PUT JAN 65.00 OPT 5002559MM 8,125 100P x Sole NONE 100
KOPIN CORP COM 500600101 8,274,000 197,000 x Sole NONE 197,000
LCA-VISION INC COM 501803209 1,382,813 295,000 x Sole NONE 295,000
LANDRYS SEAFOOD
RESTAURANTS COM 51508L103 130,313 15,000 x Sole NONE
LEAP WIRELESS COM 521863100 7,810,750 99,500 x Sole NONE 99,500
LEGATO SYSTEMS INC COM 524651106 4,782,469 69,500 x Sole NONE 69,500
LEVEL 8 SYSTEMS INC COM 52729M102 1,546,534 44,746 x Sole NONE 44,746
INTERNET CAPITAL GROUP
INC PUT JAN 170.00 OPT 52899W9MN 150,938 75P x Sole NONE 75
INTERNET CAPITAL GROUP
INC PUT JAN 200.00 OPT 52899W9MT 600,000 150P x Sole NONE 150
LUCENT TECHNOLOGIES INC COM 549463107 1,237,441 16,499 x Sole NONE 16,499
MAPQUEST COM INC COM 565644101 2,222,406 98,500 x Sole NONE 98,500
MARIMBA COM 56781Q109 3,293,469 71,500 x Sole NONE 71,500
MASTEC INC COM 576323109 2,536,500 57,000 x Sole NONE 57,000
MEDICAL MANAGER
CORPORATION COM 58461U103 1,432,250 17,000 x Sole NONE 17,000
MERCURY INTER-
ACTIVE CORP COM 589405109 6,314,344 58,500 x Sole NONE 58,500
METHODE ELECTRONICS
-CL A COM 591520200 1,445,625 45,000 x Sole NONE 45,000
6
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MOVADO GROUP INC COM 624580106 1,156,063 53,000 x Sole NONE 53,000
NTL INC COM COM 629407107 6,003,594 48,125 x Sole NONE 48,125
NATIONAL MED
HEALTH CARD COM 636918302 447,188 135,000 x Sole NONE 135,000
NET2PHONE INC COM 64108N106 872,813 19,000 x Sole NONE 19,000
NETSOLVE INC COM 64115J106 1,023,750 32,500 x Sole NONE 32,500
NETWORK
SOLUTIONS INC -C1 A COM 64121Q102 9,137,625 42,000 x Sole NONE 42,000
NEWHALL LAND &
FARMING CO LP COM 651426108 3,577,500 132,500 x Sole NONE 132,500
NOVA CORP/GEORGIA COM 669784100 804,844 25,500 x Sole NONE 25,500
OPTIMAL ROBOTICS
CORP COM 68388R208 745,000 20,000 x Sole NONE 20,000
OPTIO SOFTWARE INC COM 68389J106 235,000 10,000 x Sole NONE 10,000
PACKETEER INC COM 695210104 781,000 11,000 x Sole NONE 11,000
PAPA JOHNS INTL
INC COM 698813102 3,283,875 126,000 x Sole NONE 126,000
PARTY CITY COM 702145103 350,000 350,000 x Sole NONE 350,000
PEGASUS SYSTEMS
INC COM 705906105 4,252,031 70,500 x Sole NONE 70,500
PETROL GEO
SERVICES COM 716597109 2,377,969 133,500 x Sole NONE 133,500
PETSMART INC COM 716768106 9,228,750 1,605,000 x Sole NONE 1,605,000
PETSMART INC. CNVBND 716768AB2 2,187,000 2,700,000 x Sole NONE 2,700,000
PINNACLE SYSTEMS INC COM 723481107 1,017,188 25,000 x Sole NONE 25,000
PJ AMERICA INC COM 72585Q104 3,169,750 204,500 x Sole NONE 204,500
POLYCOM INC COM 73172K104 1,305,594 20,500 x Sole NONE 20,500
POWERWAVE TECH-
NOLOGIES INC COM 739363109 2,451,750 42,000 x Sole NONE 42,000
PRISON REALTY
TRUST, INC. COM 74264N105 2,159,156 426,500 x Sole NONE 426,500
QUALCOMM INC COM 747525103 53,453,938 303,500 x Sole NONE 303,500
QUOTESMITH COM
INC COM 749117107 1,148,875 101,000 x Sole NONE 101,000
RSA SECURITY INC COM 749719100 21,080,000 272,000 x Sole NONE 272,000
REGISTRY MAGIC
INC COM 75913K103 70,500 23,500 x Sole NONE 23,500
RELIANCE GROUP
HLDGS INC COM 759464100 1,821,875 275,000 x Sole NONE 275,000
RENAISSANCE
WORLDWIDE INC COM 75968A109 840,750 114,000 x Sole NONE 114,000
RESEARCH IN MOTION COM 760975102 1,270,156 27,500 x Sole NONE 27,500
STREET.COM
PUT JAN 1110.00 OPT 76999W9MB 983,250 180P x Sole NONE 180
STREET.COM
PUT JAN 1140.00 OPT 76999W9MH 268,500 40P x Sole NONE 40
RYANAIR HOLDINGS
PLC-ADR COM 783513104 689,063 12,500 x Sole NONE 12,500
SFX ENTERTAINMENT
- CL A COM 784178105 2,460,750 68,000 x Sole NONE 68,000
7
<PAGE>
SAP AG SPONS ADR
PUT JAN 55.00 OPT 8030549MK 134,375 250P x Sole NONE 250
SCIENTIFIC
LEARNING CORP COM 808760102 2,500,250 68,500 x Sole NONE 68,500
SEAGATE TECHNOLOGY COM 811804103 1,396,875 30,000 x Sole NONE 30,000
SELECT CONFORT
CORP COM 81616X103 426,563 105,000 x Sole NONE 105,000
SKYWEST INC COM 830879102 1,736,000 62,000 x Sole NONE 62,000
STARBUCKS CORP COM 855244109 4,595,375 189,500 x Sole NONE 189,500
STARWOOD HOTELS
& RESORTS WORLD COM 85590A203 1,868,250 79,500 x Sole NONE 79,500
SUNGLASS HUT
INTL INC COM 86736F106 1,968,750 175,000 x Sole NONE 175,000
TANDY CORP COM 875382103 2,582,344 52,500 x Sole NONE 52,500
TECHNOLOGY
SOLUTIONS CO COM 87872T108 1,801,250 55,000 x Sole NONE 55,000
TEKELEC COM 879101103 2,103,750 93,500 x Sole NONE 93,500
TELESCAN INC COM 879516102 864,063 35,000 x Sole NONE 35,000
TOTAL ENTMNT
RESTAURANT CORP COM 89150E100 723,094 428,500 x Sole NONE 428,500
TRUETIME INC COM 897868105 350,000 50,000 x Sole NONE 50,000
TUT SYSTEMS INC COM 901103101 1,340,625 25,000 x Sole NONE 25,000
U S A FLORAL
PRODUCTS INC COM 90331T107 370,313 150,000 x Sole NONE 150,000
U S INTERNET-
WORKING INC
COM 917311805 10,582,569 151,450 x Sole NONE 151,450
144A CNVBND 917311AE2 2,506,560 1,080,000 x Sole NONE 1,080,000
VERIO INC COM 923433106 14,318,125 310,000 x Sole NONE 310,000
VERIO INC SER
144A 6.75% PFD PREFRD 923433304 418,125 7,500 x Sole NONE 7,500
VERISIGN INC COM 92343E102 9,737,813 51,000 x Sole NONE 51,000
VITAMINSHOPPE.COM COM 92848M104 1,003,750 110,000 x Sole NONE 110,000
VOICESTREAM
WIRELESS CORP COM 928615103 1,665,056 11,700 x Sole NONE 11,700
WACKENHUT
CORRECTIONS
CORP COM 929798106 2,308,281 197,500 x Sole NONE 197,500
SIEBEL SYSTEMS INC
PUT JAN 80.00 OPT 94299W9MP 33,750 75P x Sole NONE 75
SIEBEL SYSTEMS INC
PUT JAN 85.00 OPT 94299W9MQ 33,750 50P x Sole NONE 50
SIEBEL SYSTEMS INC
PUT JAN 90.00 OPT 94299W9MR 116,525 118P x Sole NONE 118
SDL INC PUTS JAN 200.00 OPT 94999W9MT 32,500 20P x Sole NONE 20
WESTERN WIRELESS
CORP CL A COM 95988E204 1,368,375 20,500 x Sole NONE 20,500
WHOLE FOODS MKT
INC COM 966837106 4,567,938 98,500 x Sole NONE 98,500
WORLD HEART CORP COM 980905103 570,313 62,500 x Sole NONE 62,500
YOUBET.COM INC COM 987413101 407,531 94,500 x Sole NONE 94,500
8
<PAGE>
ZAPME! CORPORATION COM 98912E100 914,250 106,000 x Sole NONE 106,00
ZOLL MEDICAL CORP COM 989922109 1,470,219 38,500 x Sole NONE 38,500
GEMSTAR INTL
GROUP LTD COM G3788V106 6,840,000 96,000 x Sole NONE 96,000
GLOBALSTAR
TELECOMMUNICATIONS
LTD COM G3930H104 1,826,000 41,500 x Sole NONE 41,500
WETHERSPOON J D P L C
ORD 10P COM G5085Y147 3,446,363 487,357 x Sole NONE 487,357
LORAL SPACE &
COMMUNICATIONS COM G56462107 7,451,781 306,500 x Sole NONE 306,500
BACKWEB TECHNOLOGIES
LTD COM M15633106 1,263,750 30,000 x Sole NONE 30,000
ESC MEDICAL
SYSTEMS LTD COM M40868107 1,769,063 185,000 x Sole NONE 185,000
GALILEO TECHNOLOGY LTD COM M47298100 844,375 35,000 x Sole NONE 35,000
OPTIBASE COM M7524R108 1,233,750 35,000 x Sole NONE 35,000
RIT TECHNOLOGIES LTD COM M8215N109 80,000 10,000 x Sole NONE 10,000
ROYAL CARRIBBEAN COM V7780T103 4,881,938 99,000 x Sole NONE 99,000
CRUISES LTD
443,280,297
</TABLE>
9
02174002.AC3
