13F-HR 1 mar11.txt MAR11 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 [ ] ? 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 ? ? 05/09/2011 [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: ? 179 Form 13F Information Table Value Total: ? $1,375,498 (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 ACCENTURE PLC IRELAND SHS CLASS A g1151c101 2,493 45,358 SH SOLE X AGL RES INC COM 001204106 797 20,000 SH SOLE X AIRTRAN HLDGS INC COM 00949P108 373 50,000 SH SOLE X ALBERTO CULVER CO NEW COM 013078100 559 15,000 SH SOLE X ALCOA INC COM 013817101 353 20,000 SH SOLE X ALEXION PHARMACEUTICALS INC COM 015351109 3,186 32,285 SH SOLE X ALTAIR NANOTECHNOLOGIES INC COM NEW 021373204 39 24,722 SH SOLE X AMAZON COM INC COM 023135106 540 3,000 SH SOLE X AMERICAN EXPRESS CO COM 025816109 316 7,000 SH SOLE X AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 402 36,132 SH SOLE X AMERICAN INTL GROUP INC CALL 026874156 402 36,132 SH SOLE X AMERICAN INTL GROUP INC COM NEW 026874784 3,496 99,500 SH SOLE X AMERICAN MED SYS HLDGS INC NOTE 4.000% 9/1 02744MAB4 19,902 14,846,000 PRN SOLE X AMERICAN TOWER CORP CL A 029912201 2,600 50,175 SH SOLE X AMGEN INC COM 031162100 407 7,615 SH SOLE X ANADARKO PETE CORP COM 032511107 1,647 20,100 SH SOLE X ANADARKO PETE CORP PUT 032511107 4,096 500 SH PUT SOLE X ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 48 681,975 SH SOLE X ATHEROS COMMUNICATIONS INC COM 04743P108 1,117 25,000 SH SOLE X AUTOLIV INC COM 052800109 442 5,960 SH SOLE X AVAGO TECHNOLOGIES LTD SHS Y0486S104 1,244 40,000 SH SOLE X BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 15,597 2,033,500 SH SOLE X BANK OF AMERICA CORPORATION CALL 060505146 15,597 2,033,500 SH SOLE X BANKUNITED INC COM 06652K103 621 21,643 SH SOLE X BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 2,439 44,301 SH SOLE X BARCLAYS BK PLC PUT 06740C261 2,937 1,000 SH PUT SOLE X BERKSHIRE HATHAWAY INC DEL PUT 084670702 12,720 1,521 SH PUT SOLE X BIOGEN IDEC INC COM 09062X103 223 3,037 SH SOLE X BLACKROCK CREDIT ALL INC TR COM 092508100 167 13,750 SH SOLE X BLACKROCK CREDIT ALL INC TR COM 09255H105 135 13,750 SH SOLE X BLACKROCK INC COM 09247X101 9,287 46,201 SH SOLE X BLACKROCK INC DBCV 2.625% 2/1 09247XAB7 20,707 10,081,000 PRN SOLE X BOEING CO COM 097023105 419 5,670 SH SOLE X BOISE INC *W EXP 06/18/201 09746Y113 97 57,050 SH SOLE X BORGWARNER INC COM 099724106 317 3,974 SH SOLE X BROADWIND ENERGY INC COM 11161T108 42 31,779 SH SOLE X BUCYRUS INTL INC NEW COM 118759109 1,421 15,538 SH SOLE X CALAMOS GBL DYN INCOME FUND COM 12811L107 124 14,250 SH SOLE X CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 1,190 55,000 SH SOLE X CAPSTONE TURBINE CORP COM 14067D102 44 24,275 SH SOLE X CEPHALON INC NOTE 2.000% 6/0 156708AP4 8,332 5,000,000 PRN SOLE X CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 663 13,094 SH SOLE X CHIPOTLE MEXICAN GRILL INC COM 169656105 541 1,987 SH SOLE X CISCO SYS INC COM 17275R102 1,029 60,000 SH SOLE X CITIGROUP INC COM 172967101 462 104,541 SH SOLE X CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 173 12,500 SH SOLE X CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 7,622 5,000,000 PRN SOLE X COHERENT INC COM 192479103 291 5,000 SH SOLE X COMCAST CORP NEW CL A SPL 20030N200 581 25,000 SH SOLE X COMPUCREDIT HLDGS CORP COM 20478T107 2,481 380,000 SH SOLE X COOPER INDUSTRIES PLC SHS G24140108 1,800 27,732 SH SOLE X COSAN LTD SHS A G25343107 1,290 100,000 SH SOLE X COVIDIEN PLC COM G2554F113 844 16,240 SH SOLE X CREDIT SUISSE NASSAU BRH ETN IDX-LKD 20 22542D845 11,898 575,600 SH SOLE X CREXUS INVT CORP COM 226553105 571 50,000 SH SOLE X DIREXION SHS ETF TR PUT 25459W144 4,424 1,100 SH PUT SOLE X DIREXION SHS ETF TR PUT 25459W516 1,665 550 SH PUT SOLE X DYNEGY INC DEL COM 26817G300 1,273 223,750 SH SOLE X E M C CORP MASS NOTE 1.750%12/0 268648AK8 19,039 11,500,000 PRN SOLE X EASTMAN KODAK CO CALL 277461109 1,615 5,000 SH CALL SOLE X EATON VANCE ENHANCED EQ INC COM 278274105 170 13,750 SH SOLE X EATON VANCE RISK MNGD DIV EQ COM 27829G106 176 13,750 SH SOLE X EATON VANCE TX MGD DIV EQ IN COM 27828N102 179 16,250 SH SOLE X EATON VANCE TX MNG BY WRT OP COM 27828Y108 177 13,750 SH SOLE X EATON VANCE TXMGD GL BUYWR O COM 27829C105 168 13,750 SH SOLE X EOG RES INC COM 26875P101 889 7,500 SH SOLE X EXXON MOBIL CORP COM 30231G102 2,272 27,000 SH SOLE X FAMILY DLR STORES INC COM 307000109 257 5,000 SH SOLE X FELCOR LODGING TR INC COM 31430F101 153 25,000 SH SOLE X FIDELITY NATL INFORMATION SV COM 31620M106 981 30,000 SH SOLE X FIFTH THIRD BANCORP COM 316773100 834 60,060 SH SOLE X FIRST TR ISE REVERE NAT GAS COM 33734J102 234 10,000 SH SOLE X FORCE PROTECTION INC COM NEW 345203202 245 50,000 SH SOLE X FORD MTR CO DEL *W EXP 01/01/201 345370134 16,428 2,574,878 SH SOLE X FORD MTR CO DEL CALL 345370134 16,428 2,574,878 SH SOLE X GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 414 53,000 SH SOLE X May 13 Puts on GDI PUT 365558105 2 5,700 SH PUT SOLE X GENERAL GROWTH PPTYS INC NEW COM 370023103 184 11,918 SH SOLE X GENERAL MARITIME CORP COM Y2693R101 51 25,000 SH SOLE X GENERAL MTRS CO COM 37045V100 4,296 138,444 SH SOLE X GILEAD SCIENCES INC COM 375558103 582 13,712 SH SOLE X GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 6,176 224,565 SH SOLE X GLOBAL X FDS SILVER MNR ETF 37950E853 225 8,000 SH SOLE X GOLDMAN SACHS GROUP INC COM 38141G104 2,855 18,000 SH SOLE X HALLIBURTON CO PUT 406216101 2,492 500 SH PUT SOLE X HCA HOLDINGS INC COM 40412C101 984 29,042 SH SOLE X HOME DEPOT INC COM 437076102 927 25,000 SH SOLE X HOME DEPOT INC CALL 437076102 3,706 1,000 SH CALL SOLE X HONEYWELL INTL INC COM 438516106 258 4,319 SH SOLE X INDIA FD INC COM 454089103 6,096 185,000 SH SOLE X INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 574 8,000 SH SOLE X INTEL CORP COM 458140100 202 10,000 SH SOLE X INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 5,765 5,000,000 PRN SOLE X IRON MTN INC COM 462846106 468 15,000 SH SOLE X ISHARES SILVER TRUST CALL 46428Q109 1,103 300 SH CALL SOLE X ISHARES TR DJ SEL DIV INX 464287168 3,258 62,500 SH SOLE X ISHARES TR DJ US REAL EST 464287739 594 10,000 SH SOLE X ISHARES TR FTSE CHINA25 IDX 464287184 539 12,000 SH SOLE X ISHARES TR RUSSELL 2000 464287655 505 6,000 SH SOLE X IVANHOE MINES LTD COM 46579N103 720 26,230 SH SOLE X JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,148 126,000 SH SOLE X JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 27,401 1,632,950 SH SOLE X KINDER MORGAN INC DEL COM 49456B101 3,300 111,343 SH SOLE X KINGOLD JEWELRY INC COM NEW 49579A204 80 32,796 SH SOLE X KRONOS WORLDWIDE INC COM 50105F105 205 3,507 SH SOLE X L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 10,103 10,000,000 PRN SOLE X LAM RESEARCH CORP COM 512807108 225 3,974 SH SOLE X LAWSON SOFTWARE INC NEW COM 52078P102 303 25,000 SH SOLE X LEVEL 3 COMMUNICATIONS INC COM 52729N100 662 450,000 SH SOLE X LYONDELLBASELL INDU-CL A COM N53745100 3,673 92,870 SH SOLE X MARKET VECTORS ETF TR COAL ETF 57060U837 312 6,150 SH SOLE X MARVELL TECHNOLOGY GROUP LTD COM G5876H105 516 33,170 SH SOLE X MASSEY ENERGY COMPANY COM 576206106 1,709 25,000 SH SOLE X MEAD JOHNSON NUTRITION CO COM 582839106 4,103 70,832 SH SOLE X MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 12,879 12,500,000 PRN SOLE X MFS CHARTER INCOME TR SH BEN INT 552727109 114 12,500 SH SOLE X MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 13,645 10,000,000 PRN SOLE X MICRON TECHNOLOGY INC COM 595112103 204 17,744 SH SOLE X MORGAN STANLEY CHINA A SH FD COM 617468103 344 11,964 SH SOLE X MOSAIC CO COM 61945A107 788 10,000 SH SOLE X NATIONAL OILWELL VARCO INC COM 637071101 495 6,240 SH SOLE X NATIONAL OILWELL VARCO INC PUT 637071101 2,378 300 SH PUT SOLE X NETFLIX INC COM 64110L106 238 1,000 SH SOLE X NEUBERGER BERMAN RE ES SEC F COM 64190A103 67 16,250 SH SOLE X NEW YORK CMNTY BANCORP INC COM 649445103 930 53,900 SH SOLE X NEWALLIANCE BANCSHARES INC COM 650203102 30,339 2,044,400 SH SOLE X NICOR INC COM 654086107 202 3,767 SH SOLE X NII HLDGS INC CL B NEW 62913F201 349 8,368 SH SOLE X NOVELL INC COM 670006105 445 75,000 SH SOLE X NUVEEN MULT CURR ST GV INCM COM 67090N109 148 10,625 SH SOLE X NUVEEN MULTI STRAT INC & GR COM 67073B106 175 20,625 SH SOLE X NUVEEN MULTI STRAT INC GR FD COM SHS 67073D102 185 20,625 SH SOLE X NUVEEN QUALITY PFD INCOME FD COM 67072C105 130 15,750 SH SOLE X OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 580 3,529 SH SOLE X PNC FINL SVCS GROUP INC COM 693475105 5,669 90,000 SH SOLE X POOL CORPORATION COM 73278L105 205 8,500 SH SOLE X POTASH CORP SASK INC COM 73755L107 1,179 20,000 SH SOLE X POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,723 30,000 SH SOLE X POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 645 20,000 SH SOLE X PROGRESS ENERGY INC COM 743263105 692 15,000 SH SOLE X QUANTUM CORP COM DSSG 747906204 252 100,000 SH SOLE X QWEST COMMUNICATIONS INTL IN COM 749121109 342 50,000 SH SOLE X RADIO ONE INC CL D NON VTG 75040P405 244 125,000 SH SOLE X ROPER INDS INC NEW FRNT 1/1 776696AA4 9,926 9,205,000 PRN SOLE X ROYAL CARIBBEAN CRUISES LTD COM V7780T103 670 16,230 SH SOLE X SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 7,333 5,000,000 PRN SOLE X SEACOAST BKG CORP FLA COM 811707306 17 10,945 SH SOLE X SEAGATE TECHNOLOGY PLC SHS G7945M107 555 38,506 SH SOLE X SEANERGY MARITIME HLDGS CORP *W EXP 09/24/201 Y73760111 5 200,000 SH SOLE X SIRIUS XM RADIO INC COM 82967N108 61 37,192 SH SOLE X SIX FLAGS ENTMT CORP NEW COM 83001A102 796 11,051 SH SOLE X SM ENERGY CO CALL 78454L100 2,456 331 SH CALL SOLE X SMURFIT-STONE CONTAINER CORP COM 83272A104 1,847 47,775 SH SOLE X SOLAR SR CAP LTD COM 83416M105 559 30,000 SH SOLE X SPDR S&P 500 ETF TR TR UNIT 78462F103 36,997 279,030 SH SOLE X SPDR S&P 500 ETF TR CALL 78462F103 783,607 59,100 SH CALL SOLE X SPDR S&P 500 ETF TR PUT 78462F103 92,813 7,000 SH PUT SOLE X SPDR SERIES TRUST KBW REGN BK ETF 78464A698 266 10,000 SH SOLE X SPRINT NEXTEL CORP COM SER 1 852061100 276 59,438 SH SOLE X STATE STR CORP COM 857477103 449 10,000 SH SOLE X STEC INC COM 784774101 271 13,500 SH SOLE X STERLING BANCSHARES INC COM 858907108 861 100,000 SH SOLE X SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 988 158,000 SH SOLE X SWIFT TRANSN CO CL A 87074U101 207 14,077 SH SOLE X SWISS HELVETIA FD INC COM 870875101 138 10,000 SH SOLE X TALECRIS BIOTHERAPEUTICS HLD COM 874227101 429 16,000 SH SOLE X TATA MTRS LTD SPONSORED ADR 876568502 250 9,000 SH SOLE X TRW AUTOMOTIVE HLDGS CORP COM 87264S106 219 3,974 SH SOLE X UNITED STATES OIL FUND LP PUT 91232N108 2,130 500 SH PUT SOLE X UNITED STS COMMODITY INDEX F COMM IDX FND 911717106 10,079 142,800 SH SOLE X VANTAGE DRILLING COMPANY *W EXP 05/24/201 G93205121 2 800,000 SH SOLE X VANTAGE DRILLING COMPANY ORD SHS g93205113 933 518,538 SH SOLE X VCA ANTECH INC COM 918194101 201 8,000 SH SOLE X VERIGY LTD COM Y93691106 1,409 100,000 SH SOLE X VIACOM INC NEW CL B 92553P201 2,061 44,300 SH SOLE X VISTEON CORP COM NEW 92839U206 1,023 16,375 SH SOLE X WASTE CONNECTIONS INC COM 941053100 216 7,500 SH SOLE X ZIONS BANCORPORATION *W EXP 05/22/202 989701115 4,212 600,000 SH SOLE X ZIONS BANCORPORATION CALL 989701115 4,212 600,000 SH SOLE X