STRAUS CAPITAL MANAGEMENT LLC/
13F-HR, 2000-08-02
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<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, 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:    Straus Capital Management, L.L.C.
Address: 605 Third Avenue
         New York, New York  10158

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    8/2/2000
         ____________________   ___________________   _________
              [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















































                                2



<PAGE>

                      Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:           0

Form 13F Information Table Entry Total:      144

Form 13F Information Table Value Total:      $389,838,053


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



<PAGE>

<TABLE>
                                                 Strauss Asset Management
                                                         FORM 13F
                                                      June 30, 2000

<CAPTION>
    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>

Apac Customer Services
 Inc                    COMMON  00185E106     1,971,338    178,200  X             SOLE                     178,200
Advantage Learning Sys
 Inc                    COMMON  00757KI00       976,313     63,500  X             SOLE                      63,500
Alteon Websystems Inc   COMMON  02145AI09     2,501,563     25,000  X             SOLE                      25,000
America Online Inc      COMMON  02364JI04     4,541,068     86,087  X             SOLE                      86,087
America West Hldg Corp  COMMON  023657208     3,125,313    182,500  X             SOLE                     182,500
 Cl B
American Superconductor
 Inc                    COMMON  030111108        96,500      2,000  X             SOLE                       2,000
Morgan Stanley Hi Tech
 35                     OPTION  0309839SB       737,750        227  X             SOLE                         227
 Put Jul 1010.000
Anadarko Pete Corp      COMMON  032511107      1234,375     25,000  X             SOLE                      25,000
Analog Devices Inc      COMMON  032654105     1,900,000     25,000  X             SOLE                      25,000
Apollo Group Inc        COMMON  037604105       210,000      7,500  X             SOLE                       7,500
 Cl A
Aspect Communications
 Corp                   COMMON  04523Q102     4,992,688    127,000  X             SOLE                     127,000
Azurix Corp             COMMON  0550IM104      1284,500    183,500  X             SOLE                     183,500
Blue Rhino Corp         COMMON  095811105       995,719    123,500  X             SOLE                     123,500
Bluestone Software      COMMON  09623PI02     3,750,375    146,000  X             SOLE                     146,000
Brightstar Information
 Tech                   COMMON  10947NI04       910,625    310,000  X             SOLE                     310,000
 Com
Broadvision Inc         COMMON  111412102     2,921,719     57,500  X             SOLE                      57,500
 Cl A
Broadwing Inc           COMMON  111620100     4,039,688    155,000  X             SOLE                     155,000
Business Objects S A    COMMON  12328XI07     2,511,563     28,500  X             SOLE                      28,500
 A D R
S & P 500 Index         OPTION  12488U9ST       518,750        100  X             SOLE                         100
 Put Jul 1500




                                4



<PAGE>

C-Cube Microsystems Inc
 - New                  COMMON  12501N108     9,447,475    481,400  X             SOLE                     481,400
CMG Information Svcs
 Inc                    COMMON  125750109     3,733,719     81,500  X             SOLE                      81,500
Cabletron Sys Inc       COMMON  126920107     4,444,000    176,000  X             SOLE                     176,000
Carnival Corp Cl A      COMMON  143658102     3,529,500    181,000  X             SOLE                     181,000
Certicom Corp           COMMON  156915100       993,023     14,500  X             SOLE                      14,500
Citrix Systems Inc      COMMON  177376100       696,900     36,800  X             SOLE                      36,800
Cobalt Group Inc        COMMON  19074QI03       663,438     96,500  X             SOLE                      96,500
COMMSCOPE INC           COMMON  203372107    14,891,200     363200  X             SOLE                     363,200
Computer Network Tech
 Corp                   COMMON  204925101     2,050,250    118,000  X             SOLE                     118,000
Continental Airls Inc
 Cl B                   COMMON  210795308     3,431,000     73,000  X             SOLE                      73,000
Corixa Corp             COMMON  21887F100       966,094     22,500  X             SOLE                      22,500
Countrywide Cr Inds Inc COMMON  222372104     1,606,563     53,000  X             SOLE                      53,000
Cyberian Outpost Inc    COMMON  231914102       721,875    150,000  X             SOLE                     150,000
Cybersource Corp        COMMON  23251J106     1,001,406     72,500  X             SOLE                      72,500
Dean Foods Co           COMMON  242361103     1,204,125     38,000  X             SOLE                      38,000
Diamond Offshore
 Drilling               COMMON  25271C102     3,073,438     87,500  X             SOLE                      87,500
Diedrich Coffee Inc     COMMON  253675102       376,406    182,500  X             SOLE                     182,500
Eog Resources Inc       COMMON  26875PI01     1,088,750     32,500  X             SOLE                      32,500
ESPS Inc                COMMON  269129102       964,875    249,000  X             SOLE                     249,000
Earthshell Corp         COMMON  27032BI00       500,156    165,000  X             SOLE                     165,000
Echostar Commun Corp
 New                    COMMON  278762109     3,857,242    116,500  X             SOLE                     116,500
 Cl A
Edgar Online Inc        COMMON  279765101       349,469    105,500  X             SOLE                     105,500
Eloyalty Corp           COMMON  290151109       784,125     61,500  X             SOLE                      61,500
Emulex Corp             COMMON  292475209    12,382,094    188,500  X             SOLE                     188,500
Exfo Electro Optical
 Enginee                COMMON  302043104       438,750     10,000  X             SOLE                      10,000
Exodus Communications
 Inc                    COMMON  302088109    12,644,156    274,500  X             SOLE                     274,500
Extreme Networks Inc    COMMON  30226DI06     2,743,000     26,000  X             SOLE                      26,000
Street.com              OPTION  34999W9SD     1,078,500        120  X             SOLE                         120
 Put Jul 920.00
Street.com              OPTION  34999W9ST       753,750        100  X             SOLE                         100
 Put Jul 900.00
Gadzoox Networks Inc    COMMON  362555104       834,938     61,000  X             SOLE                      61,000
Gartner Group Inc       COMMON  366651107     1,428,000    119,000  X             SOLE                     119,000
 C1 A
Good Guys Inc           COMMON  382091106       453,125    125,000  X             SOLE                     125,000
Harcourt Gen Inc        COMMON  41163G101     6,329,250    116,400  X             SOLE                     116,400
Harmonic Inc            COMMON  413160102       553,881     22,379  X             SOLE                      22,379
Heartport Inc           COMMON  421969106     1,944,650    676,400  X             SOLE                     676,400
Host Marriot            COMMON  44107P104     1,710,938    182,500  X             SOLE                     182,500
Hyperion Solutions Corp COMMON  44914MI04     1,183,969     36,500  X             SOLE                      36,500
IGO Corp                COMMON  449592104       935,813    241,500  X             SOLE                     241,500



                                5



<PAGE>

Ingrain Micro Inc -
 C1 A                   COMMON  457153104     2,374,988    136,200  X             SOLE                     136,200
Inso Corp               COMMON  457674109     1,382,469    266,500  X             SOLE                     266,500
Cisco Systems Inc       OPTION  45999W9SN       687,500      1,000  X             SOLE                       1,000
 Put Jul 70.00
12 Technologies Inc     COMMON  465754109     3,857,828     37,000  X             SOLE                      37,000
JDS Uniphase Corp       COMMON  46612J101       899,063      7,500  X             SOLE                       7,500
Ariba Inc               OPTION  47599W9SR        45,000        150  X             SOLE                         150
 Put Jul 90.00
Ariba Inc               OPTION  47599W9SS        89,688        175  X             SOLE                         175
 Put Jul 95.00
Ariba Inc               OPTION  47599W9ST        38,750         50  X             SOLE                          50
 Put Jul 100.00
Street. Com             OPTION  48999W9SL       251,250         50  X             SOLE                          50
 Put Jul 860.00
Street.Com              OPTION  48999W9SP       776,563        125  X             SOLE                         125
 Put Jul 880.00
Keynote Systems Inc     COMMON  493308100     5,468,594     77,500  X             SOLE                      77,500
Kohls Corp              OPTION  5002559SK       156,375        695  X             SOLE                         695
 Put Jul 55.00
Kopin Corp              COMMON  500600101    11,841,750    171,000  X             SOLE                     171,000
Krispy Kreme Doughnuts
 Inc                    COMMON  501014104       426,300      5,800  X             SOLE                       5,800
LCA-Vision Inc          COMMON  501803209       761,719    312,500  X             SOLE                     312,500
12 Technologies Inc     OPTION  50999W9SD       145,313         75  X             SOLE                          75
 Put Jul 120.00
Leap Wireless           COMMON  521863100     7,614,000    162,000  X             SOLE                     162,000
Legato Systems Inc      COMMON  524651106     1,096,563     72,500  X             SOLE                      72,500
Marimba                 COMMON  56781QI09      3,519219    252,500  X             SOLE                     252,500
Media Metrix Inc        COMMON 58440X 103     4,426,125    174,000  X             SOLE                     174,000
Mercury Interactive
 Corp                   COMMON  589405109     5,611,500     58,000  X             SOLE                      58,000
Methanex Corp           COMMON  59151KI08     1,989,250    584,000  X             SOLE                     584,000
METHODE ELECTRONICS
 -CL A                  COMMON  591520200       714,563     18,500  X             SOLE                      18,500
Movado Group Inc        COMMON  624580106       426,000     35,500  X             SOLE                      35,500
Myriad Genetics Inc     COMMON  62855JI04     2,310,019     15,600  X             SOLE                      15,600
NTL Inc                 COMMON  629407107     1,908,531     31,875  X             SOLE                      31,875
Nanogen Inc             COMMON  630075109     1,060,938     25,000  X             SOLE                      25,000
National Medical
 Health Card            COMMON  636918302       308,750    130,000  X             SOLE                     130,000
Neose Technologies Inc  COMMON  640522108     1,741,388     41,400  X             SOLE                      41,400
Networks Assocs Inc     COMMON  640938106     2,251,438    110,500  X             SOLE                     110,500
Net2phone Inc           COMMON  64108N106        64,238      1,800  X             SOLE                       1,800
Netegrity Inc           COMMON  6411OP107     1,882,813     25,000  X             SOLE                      25,000
Netsolve Inc            COMMON  64115J106     1,170,000     45,000  X             SOLE                      45,000
Oracle Corporation      OPTION  64599W9SQ       174,375        450  X             SOLE                         450
 Put Jul 85.00





                                6



<PAGE>

Newhall Land & Farming
 Co Lp                  COMMON  651426108     3,511,250    132,500  X             SOLE                     132,500
Nova Corp/Georgia       COMMON  669784100     1,019,719     36,500  X             SOLE                      36,500
Novell Inc              COMMON  670006105     2,828,650    305,800  X             SOLE                     305,800
Optimal Robotics Corp   COMMON  68388R208     3,530,500     92,000  X             SOLE                      92,000
Packeteer Inc           COMMON  695210104      1237,813     42,500  X             SOLE                      42,500
Papa Johns Intl Inc     COMMON  698813102     1,764,000     72,000  X             SOLE                      72,000
Parametric Technology
 Corp                   COMMON  699173100     3,146,000    286,000  X             SOLE                     286,000
Pegasus Systems Inc.    COMMON  705906105     1,794,375    165,000  X             SOLE                     165,000
Petsmart Inc            COMMON  716768106     7,846,875  2,325,000  x             SOLE                   2,325,000
Pilot Network Services
 Inc                    COMMON  721596104       743,750     50,000  x             SOLE                      50,000
PINNACLE SYSTEMS INC    COMMON  723481107     1,933,656     86,000  X             SOLE                      86,000
PJ America Inc.         COMMON  72585QI04       2213250    227,000  x             SOLE                     227,000
Plantronics Inc         COMMON 727493108      2,887,500     25,000  X             SOLE                      25,000
Polycorn Inc            COMMON  73172KI04     2,653,444     28,200  X             SOLE                      28,200
Powerwave Technologies
 Inc                    COMMON  739363109     1,584,000     36,000  X             SOLE                      36,000
Priceline.Com Inc       COMMON  741503106      8204,625    216,000  X             SOLE                     216,000

Prison Realty Trust,
 Inc.                   COMMON  74264NI05     1,236,938    366,500  X             SOLE                     366,500
Qualcomm Inc            COMMON  747525103     9,450,000    157,500  X             SOLE                     157,500
R & B Falcon Corp       COMMON  74912E101     1,885,000     80,000  X             SOLE                      80,000
RSA Security Inc        COMMON  749719100    17,547,950    253,400  X             SOLE                     253,400
Radioshack Corp         COMMON  750438103     1,729,188     36,500  X             SOLE                      36,500
Regeneron
 Pharmaceuticals        COMMON  75886FI07     1,246,163     41,800  X             SOLE                      41,800
Registry Magic Inc      COMMON  75913KI03        54,344     23,500  X             SOLE                      23,500
Register.Corn           COMMON  75914GIO1     1,803,188     59,000  X             SOLE                      59,000
Ross Stores Inc         COMMON  778296103     1,330,875     78,000  X             SOLE                      78,000
Sanmina Corp            COMMON  800907107     8,917,650    104,300  X             SOLE                     104,300
Sap Ag onsored Adr      OPTION  8030549SK       125,625        150  X             SOLE                         150
 Put Jul 55.00
Scientific Learning
 Corp                   COMMON  808760102     1,969,125     89,000  X             SOLE                      89,000
Seagate Technology      COMMON  811804103     1,127,820     20,500  X             SOLE                      20,500
Starbucks Corp          COMMON  855244109     5,632,656    147,500  X             SOLE                     147,500
Storagenetworks Inc     COMMON  86211E103       676,875      7,500  X             SOLE                       7,500
Stratos Lightwave Inc   COMMON  863100103        13,938        500  X             SOLE                         500
Sunglass Hut Intl Inc   COMMON  86736FI06     2,095,781    255,000  X             SOLE                     255,000
Sybron Intl Corp - Wisc COMMON  87114F106     6,169,613    311,400  X             SOLE                     311,400
Sycamore Networks Inc   COMMON  871206108     1,821,188     16,500  X             SOLE                      16,500
SYNTROLEUM CORP         COMMON  871630109       85,6250     50,000  X             SOLE                      50,000
Tekelec                 COMMON  879101103     4,023,656     83,500  X             SOLE                      83,500
Tidewater Inc           COMMON  886423102     1,170,000     32,500  X             SOLE                      32,500
Total Entrant
 Restaurant Corp        COMMON  8915OE100       937,344    428,500  X             SOLE                     428,500
Tut Systems Inc         COMMON  901103101     3,413,813     59,500  X             SOLE                      59,500



                                7



<PAGE>

Universal Compression
 Hldgs                  COMMON  913431102     1,926,250     57,500  X             SOLE                      57,500
Usinternetworking Inc   COMMON  917311805    10,096,125    494,000  X             SOLE                     494,000
Verio Inc               COMMON  923433106    20,029,859    361,000  X             SOLE                     361,000
Verisign Inc            COMMON  92343E102    11,334,565     64,219  X             SOLE                       64219
Virata Corp             COMMON  927646109     1,997,438     33,500  X             SOLE                      33,500
Voicestrearn Wireless
 Corp                   COMMON  928615103       674,522      5,800  X             SOLE                       5,800
Wackenhut               COMMON  929798106      2,156250    287,500  X             SOLE                     287,500
Weatherford Intl Inc    COMMON  947074100     1,000,000     25,000  X             SOLE                      25,000
Western Wireless Corp   COMMON  95988E204     1,580,500     29,000  X             SOLE                      29,000
 C1 A
Whole Foods Mkt Inc     COMMON  966837106     3,305,000     80,000  X             SOLE                      80,000
World Heart Corp        COMMON  980905103       632,500     57,500  X             SOLE                      57,500
Zapme! Corporatin       COMMON  98912EI00       488,125    177,500  X             SOLE                     177,500
                        Totals:             389,838,053
</TABLE>




































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02174002.AC6



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