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