0001193125-11-222993.txt : 20110815 0001193125-11-222993.hdr.sgml : 20110815 20110815153044 ACCESSION NUMBER: 0001193125-11-222993 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 EFFECTIVENESS DATE: 20110815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: P&S Credit Management, L.P. CENTRAL INDEX KEY: 0001484159 IRS NUMBER: 731732604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13835 FILM NUMBER: 111035808 BUSINESS ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 319-8000 MAIL ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter End: June 30, 2011 If amended report check here: [_] This Amendment (check only one): [_] is a restatement [_] adds new holding entries P&S Credit Management, L.P. Name of Institutional Investment Manager 590 Madison Avenue, 28th Floor New York New York 10022 Business Address (Street) (City) (State) (Zip) 13F File Number: 028-13835 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 herein is true, correct and complete, and that it is understood that all required items, statements, schedules, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Mary Nir Chief Compliance Officer (212) 319-8220 (Name) (Title) (Phone) Signature, Place and Date of Signing: /s/ Mary Nir 590 Madison Avenue, 28th Floor New York, New York 10022 8/15/2011 Report Type: [X] 13F HOLDINGS REPORT. [_] 13F NOTICE. [_] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 124 Form 13F Information Table Value Total: $1,204,453 (thousands) List of Other Included Managers: No. Form 13F File Number: Name: ------------------ --------------------------- ------------------------------ 1. 028-14348 Moelis & Company Holdings LP UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F INFORMATION TABLE P&S CREDIT MANAGEMENT, L.P. FORM 13F INFORMATION TABLE AS OF DATE: 6/30/2011
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 VOTING AUTHORITY TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------ NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- ---------------- --------- --------- ---------- --- ---- --------- -------- ---------- ------ ------- A123 SYS INC NOTE 3.750% 4/1 03739TAA6 1,803 2,000,000 PRN DEFINED 1 2,000,000 AIRCASTLE LTD COM G0129K104 1,272 100,000 SH PUT DEFINED 1 100,000 AIRCASTLE LTD COM G0129K104 2,544 200,000 SH DEFINED 1 200,000 AK STL HLDG CORP COM 001547108 4,728 300,000 SH CALL DEFINED 1 300,000 ALCOA INC COM 013817101 1,586 100,000 SH DEFINED 1 100,000 ALLEGIANT TRAVEL CO COM 01748X102 4,950 100,000 SH PUT DEFINED 1 100,000 ALLERGAN INC COM 018490102 145,688 1,750,000 SH CALL DEFINED 1 1,750,000 ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 5,191 2,500,000 PRN DEFINED 1 2,500,000 ALPHA NATURAL RESOURCES INC COM 02076X102 3,408 75,000 SH DEFINED 1 75,000 ALPS ETF TR ALERIAN MLP 00162Q866 3,208 200,000 SH PUT DEFINED 1 200,000 AMERICAN CAPITAL AGENCY CORP COM 02503X105 993 100,000 SH DEFINED 1 100,000 AMR CORP COM 001765106 3,240 600,000 SH CALL DEFINED 1 600,000 ANADARKO PETE CORP COM 032511107 7,676 100,000 SH CALL DEFINED 1 100,000 ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 27,564 23,163,100 PRN DEFINED 1 23,163,100 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 6,682 7,000,000 PRN DEFINED 1 7,000,000 BLOCK H & R INC COM 093671105 3,208 200,000 SH PUT DEFINED 1 200,000 BOISE INC COM 09746Y105 2,727 350,000 SH DEFINED 1 350,000 BP PLC SPONSORED ADR 055622104 11,073 250,000 SH CALL DEFINED 1 250,000 BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 28,979 28,135,000 PRN DEFINED 1 28,135,000 CBS CORP NEW CL B 124857202 11,396 400,000 SH PUT DEFINED 1 400,000 CEDAR FAIR L P DEPOSITRY UNIT 150185106 6,024 299,100 SH DEFINED 1 299,100 CEMEX SAB DE CV SPON ADR NEW 151290889 4,952 575,800 SH PUT DEFINED 1 575,800 CEPHALON INC NOTE 2.000% 6/0 156708AP4 6,914 4,000,000 PRN DEFINED 1 4,000,000 CHESAPEAKE ENERGY CORP PFD CONV 165167842 1,259 1,000 SH DEFINED 1 1,000 CIENA CORP COM NEW 171779309 1,243 68,000 SH CALL DEFINED 1 68,000 CINEMARK HOLDINGS INC COM 17243V102 2,071 100,000 SH PUT DEFINED 1 100,000 CITIGROUP INC *W EXP 01/04/201 172967226 112 161,800 SH DEFINED 1 161,800 COMCAST CORP NEW CL A 20030N101 5,068 200,000 SH DEFINED 1 200,000 COVANTA HLDG COR NOTE 3.250% 6/0 22282EAC6 2,848 2,500,000 PRN DEFINED 1 2,500,000 CROWN CASTLE INTL CORP COM 228227104 5,303 130,000 SH DEFINED 1 130,000 CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 31,506 22,710,000 PRN DEFINED 1 22,710,000 CVR ENERGY INC COM 12662P108 3,324 135,000 SH DEFINED 1 135,000 DANA HLDG CORP COM 235825205 4,666 255,000 SH DEFINED 1 255,000 DEAN FOODS CO NEW COM 242370104 1,841 150,000 SH DEFINED 1 150,000 DEUTSCHE BANK AG NAMEN AKT D18190898 10,071 170,000 SH PUT DEFINED 1 170,000 E M C CORP MASS NOTE 1.750%12/0 268648AM4 21,879 12,500,000 PRN DEFINED 1 12,500,000 EL PASO CORP COM 28336L109 3,414 169,000 SH DEFINED 1 169,000 ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 4,983 150,000 SH CALL DEFINED 1 150,000 ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 11,233 7,244,000 SH DEFINED 1 7,244,000 EXXON MOBIL CORP COM 30231G102 8,138 100,000 SH CALL DEFINED 1 100,000 EXXON MOBIL CORP COM 30231G102 8,138 100,000 SH DEFINED 1 100,000 FEDEX CORP COM 31428X106 6,640 70,000 SH CALL DEFINED 1 70,000 FIDELITY NATL INFORMATION SV COM 31620M106 3,148 200,000 SH DEFINED 1 200,000 FREEPORT-MCMORAN COPPER & GO COM 35671D857 7,935 150,000 SH CALL DEFINED 1 150,000 GENERAL MARITIME CORP NEW SHS Y2693R101 135 100,000 SH DEFINED 1 100,000 GENERAL MTRS CO *W EXP 07/10/201 37045V126 1,382 86,772 SH DEFINED 1 86,772 GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,857 86,772 SH DEFINED 1 86,772 GENERAL MTRS CO COM 37045V100 3,795 125,000 SH DEFINED 1 125,000 GENWORTH FINL INC COM CL A 37247D106 15,420 1,500,000 SH CALL DEFINED 1 1,500,000 GENWORTH FINL INC COM CL A 37247D106 7,196 700,000 SH DEFINED 1 700,000 GEORGIA GULF CORP COM PAR$0.01 NEW 373200302 2,414 100,000 SH DEFINED 1 100,000 GOODRICH CORP COM 382388106 9,550 100,000 SH PUT DEFINED 1 100,000 GOODYEAR TIRE & RUBR CO PFD CONV 382550309 7,021 127,338 SH DEFINED 1 127,338 HERTZ GLOBAL HOLDINGS INC COM 42805T105 1,588 100,000 SH DEFINED 1 100,000 HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 3,443 90,500 SH PUT DEFINED 1 90,500 HUNTINGTON INGALLS INDS INC COM 446413106 6,900 200,000 SH PUT DEFINED 1 200,000 HUNTSMAN CORP COM 447011107 1,885 100,000 SH CALL DEFINED 1 100,000 INTL PAPER CO COM 460146103 22,365 750,000 SH CALL DEFINED 1 750,000 INTL PAPER CO COM 460146103 3,728 125,000 SH DEFINED 1 125,000 ISHARES TR MSCI EAFE INDEX 464287465 1,955 32,500 SH PUT DEFINED 1 32,500 ISHARES TR RUSSELL 2000 464287655 10,971 132,500 SH PUT DEFINED 1 132,500 JONES GROUP INC COM 48020T101 1,085 100,000 SH DEFINED 1 100,000 KEY ENERGY SVCS INC COM 492914106 3,600 200,000 SH DEFINED 1 200,000 LEAP WIRELESS INTL INC COM NEW 521863308 4,869 300,000 SH DEFINED 1 300,000 LIBERTY GLOBAL INC COM SER A 530555101 541 12,010 SH DEFINED 1 12,010 LOCKHEED MARTIN CORP COM 539830109 24,291 300,000 SH PUT DEFINED 1 300,000 MARATHON OIL CORP COM 565849106 5,268 100,000 SH DEFINED 1 100,000 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 738 50,000 SH DEFINED 1 50,000 MCCLATCHY CO CL A 579489105 1,405 500,000 SH CALL DEFINED 1 500,000 MCCLATCHY CO CL A 579489105 2,810 1,000,000 SH DEFINED 1 1,000,000 MELCO CROWN ENTMT LTD ADR 585464100 5,746 450,000 SH DEFINED 1 450,000 METLIFE INC UNIT 99/99/9999 59156R116 4,574 55,695 SH DEFINED 1 55,695 MGM RESORTS INTERNATIONAL COM 552953101 3,303 250,000 SH DEFINED 1 250,000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 17,615 12,922,000 SH DEFINED 1 12,922,000 MYLAN INC NOTE 3.750% 9/1 628530AJ6 17,695 9,000,000 PRN DEFINED 1 9,000,000 NETAPP IN NOTE 1.750% 6/0 64110DAB0 30,938 18,230,000 PRN DEFINED 1 18,230,000 NEWELL RUBBERMAID INC COM 651229106 9,468 600,000 SH CALL DEFINED 1 600,000 NII HLDGS INC CL B NEW 62913F201 12,714 300,000 SH PUT DEFINED 1 300,000 OFFICE DEPOT INC COM 676220106 2,532 600,000 SH CALL DEFINED 1 600,000 OLD REP INTL CORP COM 680223104 1,175 100,000 SH PUT DEFINED 1 100,000 OWENS ILL INC COM NEW 690768403 5,162 200,000 SH CALL DEFINED 1 200,000 PENN NATL GAMING INC COM 707569109 12,102 300,000 SH PUT DEFINED 1 300,000 PETROHAWK ENERGY CORP COM 716495106 4,934 200,000 SH PUT DEFINED 1 200,000 PHARMERICA CORP COM 71714F104 1,914 150,000 SH DEFINED 1 150,000 PPL CORP UNIT 99/99/9999S 69351T114 3,415 62,646 SH DEFINED 1 62,646 PULTE GROUP INC COM 745867101 4,596 600,000 SH CALL DEFINED 1 600,000 RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 18,125 25,000,000 PRN DEFINED 1 25,000,000 RAIT FINANCIAL TRUST DEBT 7.000% 4/0 749227AA2 2,543 2,500,000 PRN DEFINED 1 2,500,000 RAMCO-GERSHENSON PPTYS TR PERP PFD-D CV 751452608 4,529 90,600 SH DEFINED 1 90,600 RITE AID CORP COM 767754104 998 750,000 SH DEFINED 1 750,000 ROVI CORP COM 779376102 5,736 100,000 SH PUT DEFINED 1 100,000 SARA LEE CORP COM 803111103 5,697 300,000 SH DEFINED 1 300,000 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 2,108 1,500,000 PRN DEFINED 1 1,500,000 SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 26,355 700,000 SH PUT DEFINED 1 700,000 SINCLAIR BROADCAST GROUP INC CL A 829226109 1,921 175,000 SH DEFINED 1 175,000 SOLUTIA INC COM NEW 834376501 2,285 100,000 SH DEFINED 1 100,000 SPDR S&P 500 ETF TR TR UNIT 78462F103 54,768 415,000 SH CALL DEFINED 1 415,000 SPDR S&P 500 ETF TR TR UNIT 78462F103 134,939 1,022,500 SH DEFINED 1 1,022,500 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 18,683 350,000 SH PUT DEFINED 1 350,000 SPRINT NEXTEL CORP COM SER 1 852061100 2,695 500,000 SH CALL DEFINED 1 500,000 SPRINT NEXTEL CORP COM SER 1 852061100 12,397 2,300,000 SH DEFINED 1 2,300,000 STANDARD PAC CORP NEW COM 85375C101 2,680 800,000 SH DEFINED 1 800,000 SYNOVUS FINL CORP UNIT 99/99/9999 87161C204 1,018 50,893 PRN DEFINED 1 50,893 TARGET CORP COM 87612E106 25,801 550,000 SH CALL DEFINED 1 550,000 TEMPLE INLAND INC COM 879868107 743 25,000 SH DEFINED 1 25,000 TEXAS INDS INC COM 882491103 20,815 500,000 SH PUT DEFINED 1 500,000 TEXTRON INC COM 883203101 9,444 400,000 SH CALL DEFINED 1 400,000 TEXTRON INC NOTE 4.500% 5/0 883203BN0 24,884 13,355,000 PRN DEFINED 1 13,355,000 TIME WARNER INC COM NEW 887317303 6,243 80,000 SH DEFINED 1 80,000 TRANSDIGM GROUP INC COM 893641100 10,277 112,700 SH PUT DEFINED 1 112,700 U S AIRWAYS GROUP INC COM 90341W108 1,782 200,000 SH DEFINED 1 200,000 UBS AG SHS NEW H89231338 4,748 260,000 SH PUT DEFINED 1 260,000 UNITED CONTL HLDGS INC COM 910047109 4,526 200,000 SH PUT DEFINED 1 200,000 UNITED CONTL HLDGS INC COM 910047109 5,205 230,000 SH DEFINED 1 230,000 VALERO ENERGY CORP NEW COM 91913Y100 5,114 200,000 SH CALL DEFINED 1 200,000 VERSO PAPER CORP COM 92531L108 412 153,599 SH DEFINED 1 153,599 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 14,296 8,000,000 PRN DEFINED 1 8,000,000 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 16,032 600,000 SH CALL DEFINED 1 600,000 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 12,024 450,000 SH DEFINED 1 450,000 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 2,812 150,000 SH DEFINED 1 150,000 WENDYS ARBYS GROUP INC COM 950587105 3,549 700,000 SH DEFINED 1 700,000 WHIRLPOOL CORP COM 963320106 8,132 100,000 SH CALL DEFINED 1 100,000 WHIRLPOOL CORP COM 963320106 1,626 20,000 SH DEFINED 1 20,000 WILLIAMS COS INC DEL COM 969457100 3,793 125,400 SH DEFINED 1 125,400