0001193125-12-060476.txt : 20120214
0001193125-12-060476.hdr.sgml : 20120214
20120214153153
ACCESSION NUMBER: 0001193125-12-060476
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120214
DATE AS OF CHANGE: 20120214
EFFECTIVENESS DATE: 20120214
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: 12608821
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
d298106d13fhr.txt
FORM 13F-HR
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter End: December 31, 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
2/14/2012
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: 123
Form 13F Information Table Value Total: $990,610(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: 12/31/2011
ITEM 1 ITEM 2 ITEM3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
TITLE OF
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 478 1,500,000 PRN DEFINED 1 1,500,000
AIRCASTLE LTD COM G0129K104 1,272 100,000 SHS DEFINED 1 100,000
ALLIANCE DATA SYSTEMS CORP NOTE 1.750% 8/0 018581AD0 12,330 9,000,000 PRN DEFINED 1 9,000,000
ALPHA NATURAL RESOURCES INC COM 02076X102 1,021 50,000 SHS DEFINED 1 50,000
ANNALY CAP MGMT INC COM 035710409 4,552 285,200 PUT DEFINED 1 285,200
ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 36,362 32,239,000 PRN DEFINED 1 32,239,000
ARVINMERITOR INC FRNT 4.625% 3/0 043353AF8 4,524 7,000,000 PRN DEFINED 1 7,000,000
AT&T INC COM 00206R102 9,072 300,000 PUT DEFINED 1 300,000
BAKER HUGHES INC COM 057224107 7,296 150,000 CALL DEFINED 1 150,000
BLOCK H & R INC COM 093671105 4,899 300,000 PUT DEFINED 1 300,000
BOISE INC COM 09746Y105 2,848 400,000 SHS DEFINED 1 400,000
BP PLC SPONSORED ADR 055622104 4,274 100,000 SHS DEFINED 1 100,000
BP PLC SPONSORED ADR 055622104 17,096 400,000 CALL DEFINED 1 400,000
BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 8,730 10,147,000 PRN DEFINED 1 10,147,000
C&J ENERGY SVCS INC COM 12467B304 4,186 200,000 SHS DEFINED 1 200,000
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 1,422 100,000 SHS DEFINED 1 100,000
CBS CORP NEW CL B 124857202 2,714 100,000 SHS DEFINED 1 100,000
CBS CORP NEW CL B 124857202 2,714 100,000 PUT DEFINED 1 100,000
CEDAR FAIR L P DEPOSITRY UNIT 150185106 5,590 260,000 SHS DEFINED 1 260,000
CEMEX SAB DE CV SPON ADR NEW 151290889 609 112,900 PUT DEFINED 1 112,900
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 3,468 60,900 SHS DEFINED 1 60,900
CHINA MED TECHNOLOGIES INC NOTE 6.250%12/1 169483AE4 75 250,000 PRN DEFINED 1 250,000
CIENA CORP COM NEW 171779309 327 27,000 CALL DEFINED 1 27,000
CIMAREX ENERGY CO COM 171798101 2,600 42,000 SHS DEFINED 1 42,000
CITIGROUP INC *W EXP 01/04/201 172967226 47 161,800 SHS DEFINED 1 161,800
COMCAST CORP NEW CL A 20030N101 8,299 350,000 SHS DEFINED 1 350,000
COMMUNITY HEALTH SYS INC NEW COM 203668108 873 50,000 SHS DEFINED 1 50,000
COMPUTER SCIENCES CORP COM 205363104 7,110 300,000 PUT DEFINED 1 300,000
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 9,187 8,786,000 PRN DEFINED 1 8,786,000
CROWN CASTLE INTL CORP COM 228227104 16,128 360,000 SHS DEFINED 1 360,000
CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 60,887 40,927,000 PRN DEFINED 1 40,927,000
CUMULUS MEDIA INC CL A 231082108 1,336 400,000 SHS DEFINED 1 400,000
D R HORTON INC COM 23331A109 5,044 400,000 CALL DEFINED 1 400,000
DANA HLDG CORP COM 235825205 2,369 195,000 SHS DEFINED 1 195,000
DELPHI AUTOMOTIVE PLC SHS G27823106 5,185 240,695 SHS DEFINED 1 240,695
DELTA AIR LINES INC DEL COM NEW 247361702 1,618 200,000 SHS DEFINED 1 200,000
DIAMOND FOODS INC COM 252603105 1,291 40,000 SHS DEFINED 1 40,000
E M C CORP MASS NOTE 1.750%12/0 268648AM4 5,014 3,500,000 PRN DEFINED 1 3,500,000
ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 11,996 10,250,000 PRN DEFINED 1 10,250,000
EQUINIX INC COM NEW 29444U502 10,140 100,000 PUT DEFINED 1 100,000
EV ENERGY PARTNERS LP COM UNITS 26926V107 5,931 90,000 SHS DEFINED 1 90,000
EXXON MOBIL CORP COM 30231G102 25,428 300,000 SHS DEFINED 1 300,000
FEDERATED INVS INC PA CL B 314211103 335 22,100 PUT DEFINED 1 22,100
FORD MTR CO DEL COM PAR $0.01 345370860 4,304 400,000 CALL DEFINED 1 400,000
FOREST CITY ENTERPRISES INC NOTE 5.000%10/1 345550AM9 1,115 1,000,000 PRN DEFINED 1 1,000,000
FOREST OIL CORP COM PAR $0.01 346091705 677 50,000 SHS DEFINED 1 50,000
FREESCALE SEMICONDUCTOR HLDG SHS OLD G3727Q101 5,060 400,000 PUT DEFINED 1 400,000
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,630 166,790 SHS DEFINED 1 166,790
GENWORTH FINL INC COM CL A 37247D106 2,923 446,200 CALL DEFINED 1 446,200
GENWORTH FINL INC COM CL A 37247D106 4,585 700,000 SHS DEFINED 1 700,000
GILEAD SCIENCES INC COM 375558103 14,326 350,000 PUT DEFINED 1 350,000
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 2,537 2,233,000 PRN DEFINED 1 2,233,000
GOODYEAR TIRE & RUBR CO PFD CONV 382550309 1,177 24,227 SHS DEFINED 1 24,227
HCA HOLDINGS INC COM 40412C101 4,406 200,000 CALL DEFINED 1 200,000
HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 7,240 10,168,000 PRN DEFINED 1 10,168,000
HUMAN GENOME SCIENCES INC NOTE 3.000%11/1 444903AN8 2,782 3,146,000 PRN DEFINED 1 3,146,000
HUNTSMAN CORP COM 447011107 1,000 100,000 SHS DEFINED 1 100,000
HUNTSMAN CORP COM 447011107 4,000 400,000 CALL DEFINED 1 400,000
INTERDIGITAL INC COM 45867G101 1,743 40,000 SHS DEFINED 1 40,000
INTERMUNE INC NOTE 2.500% 9/1 45884XAE3 1,553 2,092,000 PRN DEFINED 1 2,092,000
INTL PAPER CO COM 460146103 2,960 100,000 SHS DEFINED 1 100,000
ISHARES TR RUSSELL 2000 464287655 59,000 800,000 PUT DEFINED 1 800,000
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 9,522 11,611,000 PRN DEFINED 1 11,611,000
JONES GROUP INC COM 48020T101 1,055 100,000 SHS DEFINED 1 100,000
JPMORGAN CHASE & CO COM 46625H100 9,975 300,000 CALL DEFINED 1 300,000
KEY ENERGY SVCS INC COM 492914106 3,867 250,000 SHS DEFINED 1 250,000
LEAP WIRELESS INTL INC COM NEW 521863308 2,462 265,000 SHS DEFINED 1 265,000
LEAP WIRELESS INTL INC COM NEW 521863308 3,716 400,000 CALL DEFINED 1 400,000
LEAR CORP COM NEW 521865204 1,990 50,000 SHS DEFINED 1 50,000
LENNAR CORP CL A 526057104 448 22,800 PUT DEFINED 1 22,800
MAGMA DESIGN AUTOMATION COM 559181102 1,436 200,000 SHS DEFINED 1 200,000
MCCLATCHY CO CL A 579489105 2,390 1,000,000 SHS DEFINED 1 1,000,000
MELCO CROWN ENTMT LTD ADR 585464100 6,493 675,000 SHS DEFINED 1 675,000
MERITOR INC COM 59001K100 1,596 300,000 CALL DEFINED 1 300,000
METLIFE INC UNIT 99/99/9999 59156R116 7,526 121,905 SHS DEFINED 1 121,905
MGM RESORTS INTERNATIONAL COM 552953101 6,258 600,000 SHS DEFINED 1 600,000
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 28,824 21,451,000 PRN DEFINED 1 21,451,000
NABORS INDUSTRIES LTD SHS G6359F103 3,468 200,000 CALL DEFINED 1 200,000
NATIONAL FINL PARTNERS
CORP NOTE 4.000% 6/1 63607PAC3 10,735 8,740,000 PRN DEFINED 1 8,740,000
NETAPP INC NOTE 1.750% 6/0 64110DAB0 2,177 1,730,000 PRN DEFINED 1 1,730,000
NEWELL RUBBERMAID INC COM 651229106 3,230 200,000 SHS DEFINED 1 200,000
NEWELL RUBBERMAID INC COM 651229106 4,845 300,000 CALL DEFINED 1 300,000
NEWS CORP CL A 65248E104 3,568 200,000 PUT DEFINED 1 200,000
NEWS CORP CL B 65248E203 3,636 200,000 PUT DEFINED 1 200,000
NII HLDGS INC CL B NEW 62913F201 9,585 450,000 PUT DEFINED 1 450,000
PENN VA CORP COM 707882106 1,402 265,000 SHS DEFINED 1 265,000
PPL CORP UNIT 99/99/9999 69351T601 7,051 126,846 SHS DEFINED 1 126,846
PPL CORP UNIT 99/99/9999S 69351T114 3,295 59,597 SHS DEFINED 1 59,597
PULTE GROUP INC COM 745867101 822 130,212 SHS DEFINED 1 130,212
PULTE GROUP INC COM 745867101 3,155 500,000 CALL DEFINED 1 500,000
RALPH LAUREN CORP CL A 751212101 4,142 30,000 SHS DEFINED 1 30,000
RAMCO-GERSHENSON PPTYS TR PERP PFD-D CV 751452608 3,449 80,908 SHS DEFINED 1 80,908
RITE AID CORP COM 767754104 945 750,000 SHS DEFINED 1 750,000
ROVI CORP COM 779376102 1,229 50,000 SHS DEFINED 1 50,000
SARA LEE CORP COM 803111103 2,365 125,000 SHS DEFINED 1 125,000
SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 18,236 12,000,000 PRN DEFINED 1 12,000,000
SOLUTIA INC COM NEW 834376501 1,728 100,000 SHS DEFINED 1 100,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,967 15,677 SHS DEFINED 1 15,677
SPDR S&P 500 ETF TR TR UNIT 78462F103 200,800 1,600,000 PUT DEFINED 1 1,600,000
SPRINT NEXTEL CORP COM SER 1 852061100 2,340 1,000,000 CALL DEFINED 1 1,000,000
STANDARD PAC CORP NEW COM 85375C101 2,862 900,000 SHS DEFINED 1 900,000
SUPERVALU INC COM 868536103 2,436 300,000 CALL DEFINED 1 300,000
SYNOVUS FINL CORP UNIT 99/99/9999 87161C204 2,069 149,143 SHS DEFINED 1 149,143
TEXAS INDS INC COM 882491103 9,234 300,000 PUT DEFINED 1 300,000
TEXTRON INC COM 883203101 9,245 500,000 CALL DEFINED 1 500,000
TIME WARNER CABLE INC COM 88732J207 10,171 160,000 SHS DEFINED 1 160,000
TRANSDIGM GROUP INC COM 893641100 19,136 200,000 PUT DEFINED 1 200,000
TRANSOCEAN LTD REG SHS H8817H100 7,678 200,000 CALL DEFINED 1 200,000
U S AIRWAYS GROUP INC COM 90341W108 3,650 720,000 SHS DEFINED 1 720,000
U S AIRWAYS GROUP INC COM 90341W108 6,084 1,200,000 CALL DEFINED 1 1,200,000
UBS AG SHS NEW H89231338 3,076 260,000 PUT DEFINED 1 260,000
UNITED CONTL HLDGS INC COM 910047109 2,453 130,000 SHS DEFINED 1 130,000
UNITED CONTL HLDGS INC COM 910047109 10,379 550,000 PUT DEFINED 1 550,000
UNITED THERAPEUTICS CORP DEL NOTE 1.000% 9/1 91307CAE2 25,002 21,598,000 PRN DEFINED 1 21,598,000
VERSO PAPER CORP COM 92531L108 118 123,199 SHS DEFINED 1 123,199
VIRGIN MEDIA INC COM 92769L101 468 21,900 PUT DEFINED 1 21,900
VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 29,651 21,500,000 PRN DEFINED 1 21,500,000
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 7,007 250,000 SHS DEFINED 1 250,000
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 1,464 100,000 SHS DEFINED 1 100,000
WENDYS CO COM 95058W100 1,608 300,000 SHS DEFINED 1 300,000
WENDYS CO COM 95058W100 2,680 500,000 CALL DEFINED 1 500,000
WHIRLPOOL CORP COM 963320106 9,490 200,000 CALL DEFINED 1 200,000
YAHOO INC COM 984332106 3,226 200,000 SHS DEFINED 1 200,000