0001085146-11-000585.txt : 20110513 0001085146-11-000585.hdr.sgml : 20110513 20110512205140 ACCESSION NUMBER: 0001085146-11-000585 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110512 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALESTRA CAPITAL LTD. CENTRAL INDEX KEY: 0001007446 IRS NUMBER: 132972945 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13493 FILM NUMBER: 11837535 BUSINESS ADDRESS: STREET 1: 58 WEST 40TH STREET CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: (212) 768-9000 MAIL ADDRESS: STREET 1: 58 WEST 40TH STREET CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: BALESTRA CAPITAL LTD/ DATE OF NAME CHANGE: 19960208 13F-HR 1 hbal1q2011.txt BALESTRA CAPITAL LTD 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, 2011 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: Balestra Capital Ltd. Address: 58 West 40th Street. 12th Floor New York, NY 10018 13F File Number: 028-13493 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: Andrew Marra, CFA, CPA Title: Chief Financial Officer Phone: 212-768-9000 Signature, Place, and Date of Signing: /s/ Andrew Marra New York, NY May 10, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 18 Form 13F Information Table Value Total: $743,023 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICAN CAPITAL AGENCY CORP COM 02503X105 55498 1904554 SH SOLE 1904554 0 0 ANNALY CAP MGMT INC COM 035710409 51244 2936600 SH SOLE 2936600 0 0 CHEVRON CORP NEW COM 166764100 548 5100 SH SOLE 5100 0 0 HATTERAS FINL CORP COM 41902R103 52591 1870245 SH SOLE 1870245 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 15295 700000 SH SOLE 700000 0 0 ISHARES TR S&P 100 IDX FD 464287101 7312 123200 SH SOLE 123200 0 0 ISHARES TR DJ SEL DIV INX 464287168 108375 2078950 SH SOLE 2078950 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 7524 16719 SH CALL SOLE 16719 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 5208 42000 SH PUT SOLE 42000 0 0 SCIENTIFIC LEARNING CORP COM 808760102 226 72400 SH SOLE 72400 0 0 SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 103667 3464831 SH SOLE 3464831 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 4250 50000 SH PUT SOLE 50000 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 166002 5208750 SH SOLE 5208750 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 10841 77515 SH SOLE 77515 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 6284 13965 SH CALL SOLE 13965 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 5060 40000 SH PUT SOLE 40000 0 0 SPDR SERIES TRUST S&P DIVID ETF 78464A763 112250 2072950 SH SOLE 2072950 0 0 SUNCOR ENERGY INC NEW COM 867224107 30848 687965 SH SOLE 687965 0 0