13F-HR 1 sep10.txt SEP10 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 Ended: September 30, 2010 ? Check here if Amendment [ ] ? This Amendment (check only one.): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Del Mar Asset Management, LP Address: 711 Fifth Avenue, 5th Floor ? New York, NY 10022 ? ? ? ? Form 13F File Number: 028-11567 The institutional investment manager filing this report and the person by whom it is signed hereby request 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: Marc Simons ? ? Title: Chief Operating Officer ? Phone: 212-328-7140 ? ? Signature, Place and Date of Signing: ?Marc Simons ? ? ?New York, NY ? ? 11/05/2010 [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this report 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 manager(s).) FORM 13F SUMMARY PAGE Number of Other Included Managers: ? 0 Form 13F Information Table Entry Total: ? 234 Form 13F Information Table Value Total: ? $1,495,307 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE 3M CO CALL 88579Y101 3,009 347 SH CALL X 3M CO PUT 88579Y101 3,009 347 SH PUT X A D C TELECOMMUNICATIONS COM NEW 000886309 190 15,000 SH X ABBOTT LABS CALL 002824100 4,378 838 SH CALL X ABBOTT LABS PUT 002824100 4,378 838 SH PUT X ACCENTURE PLC IRELAND SHS CLASS A g1151c101 762 17,941 SH X AGILENT TECHNOLOGIES INC COM 00846U101 204 6,128 SH X AGRIUM INC COM 008916108 1,327 17,700 SH X AGRIUM INC PUT 008916108 2,250 300 SH PUT X ALCOA INC COM 013817101 200 16,487 SH X ALLEGHENY ENERGY INC COM 017361106 1,226 50,000 SH X ALLIED IRISH BKS P L C SPON ADR ORD 019228402 16 11,450 SH X ALTRIA GROUP INC CALL 02209S103 2,304 959 SH CALL X ALTRIA GROUP INC PUT 02209S103 2,304 959 SH PUT X AMAZON COM INC CALL 023135106 2,120 135 SH CALL X AMAZON COM INC PUT 023135106 2,120 135 SH PUT X AMERICAN EXPRESS CO CALL 025816109 2,148 511 SH CALL X AMERICAN EXPRESS CO PUT 025816109 2,148 511 SH PUT X AMERICAN INTL GROUP INC COM NEW 026874784 880 22,500 SH X AMERICAN MED SYS HLDGS INC NOTE 4.000% 9/1 02744MAB4 6,070 4,846,000 PRN X AMERICAN OIL & GAS INC NEW COM 028723104 162 20,000 SH X AMERICREDIT CORP COM 03060R101 367 15,000 SH X AMGEN INC CALL 031162100 2,899 526 SH CALL X AMGEN INC PUT 031162100 2,899 526 SH PUT X AMKOR TECHNOLOGY INC COM 031652100 98 14,925 SH X AON CORP COM 037389103 391 10,000 SH X APACHE CORP COM 037411105 12,940 132,370 SH X APPLE INC COM 037833100 310 1,094 SH X APPLE INC CALL 037833100 11,804 416 SH CALL X APPLE INC PUT 037833100 11,804 416 SH PUT X ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 54 681,975 SH X AT&T INC CALL 00206R102 10,940 3,825 SH CALL X AT&T INC PUT 00206R102 10,940 3,825 SH PUT X ATHEROS COMMUNICATIONS INC COM 04743P108 416 15,777 SH X BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 13,501 2,083,500 SH X BANK OF AMERICA CORPORATION CALL 060505146 13,501 2,083,500 SH X BANK OF AMERICA CORPORATION COM 060505104 3,245 247,625 SH X BANK OF AMERICA CORPORATION CALL 060505104 7,292 5,565 SH CALL X BANK OF AMERICA CORPORATION PUT 060505104 7,292 5,565 SH PUT X BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 55,402 639,152 SH X BARCLAYS BK PLC CALL 06740C527 3,458 2,000 SH CALL X BECKMAN COULTER INC NOTE 2.500%12/1 075811AD1 3,443 3,370,000 PRN X BERKSHIRE HATHAWAY INC DEL CALL 084670702 6,995 846 SH CALL X BERKSHIRE HATHAWAY INC DEL PUT 084670702 6,995 846 SH PUT X BLACKROCK INC DBCV 2.625% 2/1 09247XAB7 17,434 10,081,000 PRN X BOEING CO COM 097023105 715 10,739 SH X BOEING CO CALL 097023105 2,163 325 SH CALL X BOEING CO PUT 097023105 2,163 325 SH PUT X BRISTOL MYERS SQUIBB CO CALL 110122108 2,752 1,015 SH CALL X BRISTOL MYERS SQUIBB CO PUT 110122108 2,752 1,015 SH PUT X BROCADE COMMUNICATIONS SYS I COM NEW 111621306 98 16,722 SH X CALPINE CORP COM NEW 131347304 125 10,000 SH X CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 776 55,000 SH X CHEVRON CORP NEW CALL 166764100 8,073 996 SH CALL X CHEVRON CORP NEW PUT 166764100 8,073 996 SH PUT X CINEMARK HOLDINGS INC COM 17243V102 205 12,760 SH X CISCO SYS INC COM 17275R102 1,579 72,100 SH X CISCO SYS INC CALL 17275R102 6,634 3,029 SH CALL X CISCO SYS INC PUT 17275R102 6,634 3,029 SH PUT X CITIGROUP INC COM 172967101 3,304 845,000 SH X CITIGROUP INC CALL 172967101 4,619 11,814 SH CALL X CITIGROUP INC PUT 172967101 4,619 11,814 SH PUT X CLIFFS NATURAL RESOURCES INC CALL 18683K101 1,918 300 SH CALL X CLIFFS NATURAL RESOURCES INC PUT 18683K101 1,918 300 SH PUT X CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 6,281 4,500,000 PRN X COCA COLA CO COM 191216100 410 7,000 SH X COCA COLA CO CALL 191216100 7,292 1,246 SH CALL X COCA COLA CO PUT 191216100 7,292 1,246 SH PUT X COMCAST CORP NEW CALL 20030N101 2,354 1,302 SH CALL X COMCAST CORP NEW PUT 20030N101 2,354 1,302 SH PUT X COMMSCOPE INC NOTE 3.250% 7/0 203372AG2 8,560 7,500,000 PRN X CONOCOPHILLIPS CALL 20825C104 4,342 756 SH CALL X CONOCOPHILLIPS PUT 20825C104 4,342 756 SH PUT X COSAN LTD SHS A G25343107 1,162 100,295 SH X COVIDIEN PLC SHS G2554F105 931 23,167 SH X CVS CAREMARK CORPORATION COM 126650100 617 19,600 SH X CVS CAREMARK CORPORATION CALL 126650100 1,992 633 SH CALL X CVS CAREMARK CORPORATION PUT 126650100 1,992 633 SH PUT X DIREXION SHS ETF TR PUT 25459W490 211 158 SH PUT X DISNEY WALT CO CALL 254687106 3,648 1,102 SH CALL X DISNEY WALT CO PUT 254687106 3,648 1,102 SH PUT X DRESSER-RAND GROUP INC COM 261608103 684 18,544 SH X E M C CORP MASS NOTE 1.750%12/0 268648AK8 8,540 6,500,000 PRN X EXPRESS INC COM 30219E103 850 55,900 SH X EXXON MOBIL CORP CALL 30231G102 15,515 2,511 SH CALL X EXXON MOBIL CORP PUT 30231G102 15,515 2,511 SH PUT X FIRST BANCORP P R COM 318672102 8 26,987 SH X FORD MTR CO DEL *W EXP 01/01/201 345370134 32,998 7,691,900 SH X FORD MTR CO DEL CALL 345370134 32,998 7,691,900 SH X FORD MTR CO DEL COM PAR $0.01 345370860 343 28,011 SH X FORD MTR CO DEL CALL 345370860 2,105 1,720 SH CALL X FORD MTR CO DEL PUT 345370860 2,105 1,720 SH PUT X FREEPORT-MCMORAN COPPER & GO CALL 35671D857 5,123 600 SH CALL X GAP INC DEL COM 364760108 349 18,711 SH X May 13 Puts on GDI PUT 365558105 19 5,700 SH PUT X GENERAL ELECTRIC CO COM 369604103 255 15,693 SH X GENERAL ELECTRIC CO CALL 369604103 9,667 5,949 SH CALL X GENERAL ELECTRIC CO PUT 369604103 9,667 5,949 SH PUT X GENESEE & WYO INC CL A 371559105 380 8,748 SH X GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 3,425 224,565 SH X GLOBAL SOURCES LTD ORD G39300101 378 50,000 SH X GOLDCORP INC NEW NOTE 2.000% 8/0 380956AB8 12,217 10,000,000 PRN X GOLDMAN SACHS GROUP INC COM 38141G104 2,284 15,800 SH X GOLDMAN SACHS GROUP INC CALL 38141G104 4,019 278 SH CALL X GOLDMAN SACHS GROUP INC PUT 38141G104 4,019 278 SH PUT X GOOGLE INC CL A 38259P508 493 937 SH X GOOGLE INC CALL 38259P508 6,678 127 SH CALL X GOOGLE INC PUT 38259P508 6,678 127 SH PUT X GREEN MTN COFFEE ROASTERS IN COM 393122106 235 7,528 SH X HALLIBURTON CO COM 406216101 1,797 54,340 SH X HEALTH GRADES INC COM 42218Q102 164 20,000 SH X HEWITT ASSOCS INC COM 42822Q100 27,623 547,750 SH X HEWLETT PACKARD CO COM 428236103 2,007 47,700 SH X HEWLETT PACKARD CO CALL 428236103 5,334 1,268 SH CALL X HEWLETT PACKARD CO PUT 428236103 5,334 1,268 SH PUT X HOME DEPOT INC COM 437076102 542 17,100 SH X HOME DEPOT INC CALL 437076102 3,041 960 SH CALL X HOME DEPOT INC PUT 437076102 3,041 960 SH PUT X HORSEHEAD HLDG CORP COM 440694305 99 10,021 SH X HOT TOPIC INC COM 441339108 99 16,461 SH X INTEL CORP COM 458140100 1,499 78,063 SH X INTEL CORP CALL 458140100 5,599 2,916 SH CALL X INTEL CORP PUT 458140100 5,599 2,916 SH PUT X INTERNATIONAL BUSINESS MACHS CALL 459200101 8,250 615 SH CALL X INTERNATIONAL BUSINESS MACHS PUT 459200101 8,250 615 SH PUT X INVITROGEN CORP NOTE 3.250% 6/1 46185RAM2 5,581 5,000,000 PRN X ISHARES INC MSCI BRAZIL 464286400 2,093 27,200 SH X ISHARES TR FTSE XNHUA IDX 464287184 428 10,000 SH X ISHARES TR CALL 464287184 32,115 7,500 SH CALL X ISHARES TR PUT 464287184 32,115 7,500 SH PUT X ISHARES TR RUSSELL 1000 464287622 328 5,197 SH X ISHARES TR RUSSELL 2000 464287655 2,221 32,900 SH X JOHNSON & JOHNSON COM 478160104 472 7,615 SH X JOHNSON & JOHNSON CALL 478160104 9,337 1,507 SH CALL X JOHNSON & JOHNSON PUT 478160104 9,337 1,507 SH PUT X JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 18,521 1,587,100 SH X JPMORGAN CHASE & CO COM 46625H100 1,585 41,650 SH X JPMORGAN CHASE & CO CALL 46625H100 8,244 2,166 SH CALL X JPMORGAN CHASE & CO PUT 46625H100 8,244 2,166 SH PUT X KRAFT FOODS INC CALL 50075N104 3,410 1,105 SH CALL X KRAFT FOODS INC PUT 50075N104 3,410 1,105 SH PUT X L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 7,054 7,000,000 PRN X M & T BK CORP COM 55261F104 511 6,250 SH X MARINER ENERGY INC COM 56845T305 80,805 3,334,900 SH X MCDONALDS CORP CALL 580135101 3,845 516 SH CALL X MCDONALDS CORP PUT 580135101 3,845 516 SH PUT X MEAD JOHNSON NUTRITION CO COM 582839106 10,007 175,832 SH X MEDTRONIC INC COM 585055106 1,095 32,600 SH X MEDTRONIC INC CALL 585055106 1,655 493 SH CALL X MEDTRONIC INC PUT 585055106 1,655 493 SH PUT X MERCK & CO INC NEW CALL 58933Y105 6,460 1,755 SH CALL X MERCK & CO INC NEW PUT 58933Y105 6,460 1,755 SH PUT X MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 11,237 10,000,000 PRN X MICROSOFT CORP COM 594918104 3,664 149,619 SH X MICROSOFT CORP CALL 594918104 9,838 4,017 SH CALL X MICROSOFT CORP PUT 594918104 9,838 4,017 SH PUT X MONSANTO CO NEW COM 61166W101 240 5,000 SH X MORGAN STANLEY CHINA A SH FD COM 617468103 468 16,964 SH X NEWELL RUBBERMAID INC COM 651229106 801 45,000 SH X OCCIDENTAL PETE CORP DEL CALL 674599105 3,312 423 SH CALL X OCCIDENTAL PETE CORP DEL PUT 674599105 3,312 423 SH PUT X ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 3,091 3,000,000 PRN X ORACLE CORP CALL 68389X105 6,557 2,442 SH CALL X ORACLE CORP PUT 68389X105 6,557 2,442 SH PUT X PACIFIC CAP BANCORP NEW COM 69404P101 455 561,400 SH X PEPSICO INC CALL 713448108 5,322 801 SH CALL X PEPSICO INC PUT 713448108 5,322 801 SH PUT X PFIZER INC COM 717081103 343 20,000 SH X PFIZER INC CALL 717081103 8,092 4,713 SH CALL X PFIZER INC PUT 717081103 8,092 4,713 SH PUT X PHILIP MORRIS INTL INC CALL 718172109 5,008 894 SH CALL X PHILIP MORRIS INTL INC PUT 718172109 5,008 894 SH PUT X PHOENIX COS INC NEW COM 71902E109 49 23,256 SH X PRIDE INTL INC DEL CALL 74153Q102 1,472 500 SH CALL X PROCTER & GAMBLE CO COM 742718109 1,583 26,400 SH X PROCTER & GAMBLE CO CALL 742718109 8,810 1,469 SH CALL X PROCTER & GAMBLE CO PUT 742718109 8,810 1,469 SH PUT X PROGRESS ENERGY INC COM 743263105 222 5,000 SH X PROSHARES TR PUT 74347X583 3,216 1,500 SH PUT X PROSHARES TR PUT 74347X625 6,674 1,500 SH PUT X QUALCOMM INC CALL 747525103 3,936 872 SH CALL X QUALCOMM INC PUT 747525103 3,936 872 SH PUT X QUIKSILVER INC COM 74838C106 54 13,699 SH X QWEST COMMUNICATIONS INTL IN COM 749121109 314 50,000 SH X QWEST COMMUNICATIONS INTL IN NOTE 3.500%11/1 749121BY4 9,820 7,500,000 PRN X REGIONS FINANCIAL CORP NEW COM 7591EP100 145 20,000 SH X RIVERBED TECHNOLOGY INC COM 768573107 228 5,000 SH X ROPER INDS INC NEW FRNT 1/1 776696AA4 7,420 9,205,000 PRN X SCHLUMBERGER LTD CALL 806857108 3,721 604 SH CALL X SCHLUMBERGER LTD PUT 806857108 3,721 604 SH PUT X SCHOLASTIC CORP COM 807066105 570 20,502 SH X SCHWAB CHARLES CORP NEW COM 808513105 348 25,000 SH X SEANERGY MARITIME HLDGS CORP *W EXP 09/24/201 Y73760111 6 200,000 SH X SFN GROUP INC COM 784153108 79 13,100 SH X SIRIUS XM RADIO INC COM 82967N108 720 600,000 SH X SPDR S&P 500 ETF TR TR UNIT 78462F103 118,122 1,034,982 SH X SPDR S&P 500 ETF TR CALL 78462F103 34,969 3,064 SH CALL X SPDR S&P 500 ETF TR PUT 78462F103 179,447 15,723 SH PUT X SPRINT NEXTEL CORP COM SER 1 852061100 1,273 275,000 SH X SUNTRUST BKS INC COM 867914103 258 10,000 SH X SYMETRA FINL CORP COM 87151Q106 294 28,100 SH X TCF FINL CORP *W EXP 11/14/201 872275128 215 36,800 SH X TCF FINL CORP CALL 872275128 215 36,800 SH X TERRA NOVA RTY CORP COM 88102D103 1,034 138,642 SH X TEXTRON INC NOTE 4.500% 5/0 883203BN0 21,297 12,500,000 PRN X TOWERS WATSON & CO CL A 891894107 246 5,000 SH X TRANSOCEAN LTD COM H8817H100 546 8,496 SH 8496 X TYSON FOODS INC NOTE 3.250%10/1 902494AP8 5,938 5,000,000 PRN X UNITED PARCEL SERVICE INC CALL 911312106 3,268 490 SH CALL X UNITED PARCEL SERVICE INC PUT 911312106 3,268 490 SH PUT X UNITED STATES STL CORP NEW COM 912909108 921 21,000 SH X UNITED STATES STL CORP NEW PUT 912909108 1,315 300 SH PUT X UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 23,697 15,300,000 PRN X UNITED TECHNOLOGIES CORP CALL 913017109 3,391 476 SH CALL X UNITED TECHNOLOGIES CORP PUT 913017109 3,391 476 SH PUT X UNITEDHEALTH GROUP INC COM 91324P102 1,580 45,000 SH X UNITEDHEALTH GROUP INC PUT 91324P102 3,511 1,000 SH PUT X US BANCORP DEL COM NEW 902973304 582 26,900 SH X US BANCORP DEL CALL 902973304 2,063 954 SH CALL X US BANCORP DEL PUT 902973304 2,063 954 SH PUT X VALASSIS COMMUNICATIONS INC COM 918866104 382 11,262 SH X VANTAGE DRILLING COMPANY *W EXP 05/24/201 G93205121 16 800,000 SH X VANTAGE DRILLING COMPANY ORD SHS g93205113 830 518,538 SH X VERIZON COMMUNICATIONS INC CALL 92343V104 880 270 SH CALL X VERIZON COMMUNICATIONS INC PUT 92343V104 880 270 SH PUT X VIACOM INC NEW CL B 92553P201 1,603 44,300 SH X WAL MART STORES INC CALL 931142103 6,198 1,158 SH CALL X WAL MART STORES INC PUT 931142103 6,198 1,158 SH PUT X WELLS FARGO & CO NEW COM 949746101 3,212 127,900 SH X WELLS FARGO & CO NEW CALL 949746101 6,502 2,589 SH CALL X WELLS FARGO & CO NEW PUT 949746101 6,502 2,589 SH PUT X ZIONS BANCORPORATION *W EXP 05/22/202 989701115 3,534 600,000 SH X ZIONS BANCORPORATION CALL 989701115 3,534 600,000 SH X ZWEIG TOTAL RETURN FD INC COM 989837109 905 237,500 SH X