13F-HR 1 dec.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 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 ? ? 02/14/2012 [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: ? 188 Form 13F Information Table Value Total: ? $867,949 (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 COM 88579Y101 278 3,407 SH X 3M CO PUT 88579Y101 1,487 182 SH PUT X ABBOTT LABS PUT 002824100 2,092 372 SH PUT X ALCOA INC COM 013817101 713 82,372 SH X ALEXION PHARMACEUTICALS INC COM 015351109 908 12,704 SH X ALTRIA GROUP INC PUT 02209S103 1,506 508 SH PUT X AMAZON COM INC COM 023135106 1,195 6,904 SH X AMAZON COM INC PUT 023135106 1,350 78 SH PUT X AMERICAN EXPRESS CO COM 025816109 512 10,854 SH X AMERICAN EXPRESS CO PUT 025816109 1,151 244 SH PUT X AMGEN INC PUT 031162100 1,387 216 SH PUT X ANADARKO PETE CORP COM 032511107 2,725 35,700 SH X ANADARKO PETE CORP PUT 032511107 3,817 500 SH PUT X ANALOG DEVICES INC COM 032654105 3,324 92,908 SH X APPLE INC COM 037833100 1,669 4,121 SH X APPLE INC PUT 037833100 9,072 224 SH PUT X ARCHER DANIELS MIDLAND CO COM 039483102 1,042 36,429 SH X ARES CAP CORP COM 04010L103 193 12,479 SH X ARIAD PHARMACEUTICALS INC CALL 04033A100 1,838 1,500 SH CALL X ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 10 681,975 SH X AT&T INC COM 00206R102 945 31,238 SH X AT&T INC PUT 00206R102 4,445 1,470 SH PUT X AUTODESK INC COM 052769106 1,128 37,202 SH X AVON PRODS INC COM 054303102 805 46,082 SH X BANK OF AMERICA CORPORATION COM 060505104 1,186 213,397 SH X BANK OF AMERICA CORPORATION PUT 060505104 1,487 2,674 SH PUT X BARCLAYS BK PLC PUT 06740C261 3,198 900 SH PUT X BARNES & NOBLE INC COM 067774109 232 16,000 SH X BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,168 15,309 SH X BERKSHIRE HATHAWAY INC DEL PUT 084670702 3,189 418 SH PUT X BEST BUY INC COM 086516101 979 41,911 SH X BOEING CO PUT 097023105 1,291 176 SH PUT X BRISTOL MYERS SQUIBB CO PUT 110122108 1,438 408 SH PUT X CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 811 55,000 SH X CAPITAL ONE FINL CORP COM 14040H105 1,502 35,525 SH X CAREER EDUCATION CORP COM 141665109 81 10,204 SH X CATERPILLAR INC DEL PUT 149123101 1,576 174 SH PUT X CHESAPEAKE ENERGY CORP PUT 165167107 2,229 1,000 SH PUT X CHEVRON CORP NEW COM 166764100 449 4,221 SH X CHEVRON CORP NEW PUT 166764100 5,256 494 SH PUT X CISCO SYS INC COM 17275R102 1,558 86,149 SH X CISCO SYS INC PUT 17275R102 2,423 1,340 SH PUT X CITIGROUP INC COM NEW 172967424 903 34,322 SH X CITIGROUP INC PUT 172967424 1,973 750 SH PUT X CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 13,188 7,500,000 PRN X COCA COLA CO COM 191216100 575 8,224 SH X COCA COLA CO PUT 191216100 4,030 576 SH PUT X COMCAST CORP NEW PUT 20030N101 1,598 674 SH PUT X CONOCOPHILLIPS PUT 20825C104 2,565 352 SH PUT X CORNERSTONE STRATEGIC VALUE COM NEW 21924B203 1,401 212,343 SH X CORNERSTONE TOTAL RTRN FD IN COM NEW 21924U201 508 85,101 SH X CREDIT SUISSE NASSAU BRH ETN IDX-LKD 20 22542D845 8,637 411,300 SH X CREDIT SUISSE NASSAU BRH EXCH NT LKD 31 22542D753 959 48,700 SH X CREE INC COM 225447101 868 39,400 SH X CREE INC PUT 225447101 1,102 500 SH PUT X CROWN CASTLE INTL CORP COM 228227104 724 16,163 SH X CVS CAREMARK CORPORATION PUT 126650100 1,313 322 SH PUT X CYPRESS SEMICONDUCTOR CORP COM 232806109 1,085 64,267 SH X DELL INC COM 24702R101 1,011 69,108 SH X DIAMOND FOODS INC COM 252603105 1,468 45,500 SH X DIRECTV COM CL A 25490A101 1,992 46,582 SH X DISNEY WALT CO PUT 254687106 1,853 494 SH PUT X DRYSHIPS INC SHS Y2109Q101 30 15,000 SH X E M C CORP MASS COM 268648102 218 10,107 SH X E M C CORP MASS PUT 268648102 1,111 516 SH PUT X EASTMAN KODAK CO COM 277461109 36 55,000 SH X EMCORE CORP COM 290846104 9 10,000 SH X ENERGIZER HLDGS INC COM 29266R108 1,070 13,810 SH X EOG RES INC CALL 26875P101 2,955 300 SH CALL X EXXON MOBIL CORP COM 30231G102 256 3,019 SH X EXXON MOBIL CORP PUT 30231G102 10,154 1,198 SH PUT X FIDELITY NATL INFORMATION SV COM 31620M106 798 30,000 SH X FIRST TR EXCHANGE TRADED FD ISE CLOUD COMP 33734X192 860 50,000 SH X FORD MTR CO DEL *W EXP 01/01/201 345370134 3,547 1,477,716 SH X FORD MTR CO DEL CALL 345370134 3,547 1,477,716 SH CALL X FOREST LABS INC COM 345838106 901 29,779 SH X FRIENDFINDER NETWORKS INC COM IPO 358453306 803 1,071,102 SH X GENERAC HLDGS INC COM 368736104 210 7,500 SH X GENERAL ELECTRIC CO COM 369604103 193 10,782 SH X GENERAL ELECTRIC CO PUT 369604103 4,811 2,686 SH PUT X GENERAL MLS INC COM 370334104 2,849 70,503 SH X GENERAL MTRS CO *W EXP 07/10/201 37045V118 51,085 4,364,367 SH X GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,729 475,000 SH X GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 5,467 5,000,000 PRN X GLOBAL EAGLE ACQUISITION COR UNIT 99/99/9999 37951D201 2,523 250,000 SH X GLU MOBILE INC COM 379890106 79 25,000 SH X GOLDMAN SACHS GROUP INC COM 38141G104 922 10,195 SH X GOLDMAN SACHS GROUP INC PUT 38141G104 1,284 142 SH PUT X GOOGLE INC PUT 38259P508 4,005 62 SH PUT X HASBRO INC COM 418056107 2,652 83,171 SH X HEWLETT PACKARD CO COM 428236103 334 12,980 SH X HEWLETT PACKARD CO PUT 428236103 1,659 644 SH PUT X HOME DEPOT INC COM 437076102 2,692 64,040 SH X HOME DEPOT INC PUT 437076102 1,598 380 SH PUT X INTEL CORP COM 458140100 1,401 57,788 SH X INTEL CORP PUT 458140100 3,094 1,276 SH PUT X INTERNATIONAL BUSINESS MACHS COM 459200101 896 4,875 SH X INTERNATIONAL BUSINESS MACHS PUT 459200101 5,222 284 SH PUT X IRON MTN INC COM 462846106 360 11,692 SH X ISHARES TR PUT 464287432 1,213 100 SH PUT X ISHARES TR DJ SEL DIV INX 464287168 4,033 75,000 SH X JARDEN CORP COM 471109108 3,193 106,875 SH X JEFFERIES GROUP INC NEW PUT 472319102 1,100 800 SH PUT X JOHNSON & JOHNSON COM 478160104 973 14,830 SH X JOHNSON & JOHNSON PUT 478160104 4,420 674 SH PUT X JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 844 99,250 SH X JPMORGAN CHASE & CO COM 46625H100 1,700 51,137 SH X JPMORGAN CHASE & CO PUT 46625H100 3,445 1,036 SH PUT X KRAFT FOODS INC PUT 50075N104 1,666 446 SH PUT X L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 6,917 7,250,000 PRN X LAS VEGAS SANDS CORP COM 517834107 1,986 46,488 SH X LAS VEGAS SANDS CORP PUT 517834107 2,137 500 SH PUT X LEXMARK INTL NEW CL A 529771107 1,076 32,530 SH X LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 84 19,900 SH X LMP CAP & INCOME FD INC COM 50208A102 770 62,321 SH X MATTEL INC COM 577081102 3,113 112,149 SH X MCDONALDS CORP COM 580135101 212 2,114 SH X MCDONALDS CORP PUT 580135101 2,508 250 SH PUT X MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 11,592 11,500,000 PRN X MEMC ELECTR MATLS INC COM 552715104 608 154,320 SH X MERCK & CO INC NEW PUT 58933Y105 2,812 746 SH PUT X MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 10,125 7,500,000 PRN X MICROSOFT CORP COM 594918104 1,599 61,595 SH X MICROSOFT CORP PUT 594918104 4,709 1,814 SH PUT X MOODYS CORP COM 615369105 1,219 36,207 SH X MOSAIC CO NEW COM 61945C103 1,614 32,000 SH X MOSAIC CO NEW PUT 61945C103 2,522 500 SH PUT X MOTOROLA MOBILITY HLDGS INC CALL 620097105 2,103 542 SH CALL X NETAPP INC NOTE 1.750% 6/0 64110DAB0 6,308 5,000,000 PRN X NOBLE ENERGY INC COM 655044105 2,133 22,600 SH X NOBLE ENERGY INC PUT 655044105 4,720 500 SH PUT X NOVELLUS SYS INC COM 670008101 1,502 36,377 SH X OCCIDENTAL PETE CORP DEL PUT 674599105 2,099 224 SH PUT X ORACLE CORP COM 68389X105 1,814 70,707 SH X ORACLE CORP PUT 68389X105 2,232 870 SH PUT X PARKERVISION INC COM 701354102 7,249 8,429,571 SH X PEPSICO INC COM 713448108 234 3,520 SH X PEPSICO INC PUT 713448108 2,641 398 SH PUT X PERKINELMER INC COM 714046109 922 46,104 SH X PFIZER INC PUT 717081103 4,272 1,974 SH PUT X PHILIP MORRIS INTL INC COM 718172109 243 3,093 SH X PHILIP MORRIS INTL INC PUT 718172109 3,641 464 SH PUT X PILGRIMS PRIDE CORP NEW COM 72147K108 1,984 344,500 SH X PITNEY BOWES INC COM 724479100 2,863 154,400 SH X POWERSHS DB MULTI SECT COMM DB OIL FUND 73936B507 674 23,577 SH X PROCTER & GAMBLE CO COM 742718109 446 6,689 SH X PROCTER & GAMBLE CO PUT 742718109 4,416 662 SH PUT X QUALCOMM INC COM 747525103 219 4,005 SH X QUALCOMM INC PUT 747525103 2,243 410 SH PUT X RENTECH INC COM 760112102 66 50,000 SH X ROPER INDS INC NEW FRNT 1/1 776696AA4 9,993 9,205,000 PRN X S1 CORPORATION COM 78463B101 1,416 148,000 SH X SAFEWAY INC COM NEW 786514208 1,171 55,650 SH X SANOFI RIGHT 12/31/2020 80105N113 144 119,660 SH X SCHLUMBERGER LTD COM 806857108 1,027 15,033 SH X SCHLUMBERGER LTD PUT 806857108 2,609 382 SH PUT X SIRIUS XM RADIO INC COM 82967N108 182 100,000 SH X SIX FLAGS ENTMT CORP NEW COM 83001A102 866 21,000 SH X SOTHEBYS NOTE 3.125% 6/1 835898AC1 6,833 6,000,000 PRN X SOUTHERN UN CO NEW COM 844030106 1,263 30,000 SH X SPDR S&P 500 ETF TR TR UNIT 78462F103 206,803 1,645,081 SH X SPDR S&P 500 ETF TR PUT 78462F103 219,992 17,500 SH PUT X SUPERVALU INC COM 868536103 83 10,204 SH X TASER INTL INC COM 87651B104 77 15,000 SH X TELEFLEX INC COM 879369106 1,099 17,937 SH X THOMAS & BETTS CORP COM 884315102 3,957 72,481 SH X TOWER BANCORP INC COM 891709107 534 18,700 SH X TUPPERWARE BRANDS CORP COM 899896104 1,308 23,370 SH X UNITED PARCEL SERVICE INC CL B 911312106 544 7,439 SH X UNITED PARCEL SERVICE INC PUT 911312106 1,742 238 SH PUT X UNITED TECHNOLOGIES CORP COM 913017109 328 4,488 SH X UNITED TECHNOLOGIES CORP PUT 913017109 1,608 220 SH PUT X UNITEDHEALTH GROUP INC PUT 91324P102 1,318 260 SH PUT X VALERO ENERGY CORP NEW COM 91913Y100 1,277 60,667 SH X VALSPAR CORP COM 920355104 1,263 32,404 SH X VANTAGE DRILLING COMPANY ORD SHS g93205113 602 518,538 SH X VERIZON COMMUNICATIONS INC PUT 92343V104 2,760 688 SH PUT X VIACOM INC NEW CL B 92553P201 2,069 45,563 SH X WAL MART STORES INC COM 931142103 3,082 51,571 SH X WAL MART STORES INC PUT 931142103 2,773 464 SH PUT X WELLS FARGO & CO NEW COM 949746101 544 19,755 SH X WELLS FARGO & CO NEW PUT 949746101 3,445 1,250 SH PUT X WENDYS CO COM 95058W100 80 15,000 SH X WHIRLPOOL CORP COM 963320106 2,527 53,257 SH X WINN DIXIE STORES INC COM NEW 974280307 138 14,715 SH X XEROX CORP COM 984121103 1,138 142,920 SH X ZIONS BANCORPORATION *W EXP 05/22/202 989701115 1,691 563,766 SH X ZIONS BANCORPORATION CALL 989701115 1,691 563,766 SH CALL X