13F-HR 1 d1147555_13f-hr.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: September 30, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Titan Capital Group III, LP Address: 405 Lexington Avenue 51st Floor New York, NY Form 13F File Number: 28-13374 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 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: Steven R. Skalicky Address: Chief Compliance Officer Phone: (212) 750-5700 Signature, Place, and Date of Signing: /s/ Steven R. Skalicky New York, NY November 15, 2010 -------------------------- --------------------- --------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting 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).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 73 Form 13F Information Table Value Total: 323,464 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE SEPTEMBER 30, 2010

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 -------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ------ ------ ---- ACTUANT CORP CL A NEW 00508X203 851 45,200 PUT SOLE NONE 851 ACTUANT CORP SDCV 2.000%11/1 00508XAB0 1,843 1,750,000 PRN SOLE NONE 1,843 AGCO CORP NOTE 1.750%12/3 001084AL6 6,286 5,000,000 PRN SOLE NONE 6,286 ALCOA INC COM 013817101 1,~~147~~381 114,000 PUT SOLE NONE 1,~~147~~381 ~~ALCOA INC NOTE 5.250% 3/1 013817AT8 8,945 5,250,000 PRN SOLE NONE 8,945~~ AMERICAN INTL GROUP INC COM NEW 026874784 ~~2,369~~782 6820,~~800 PUT SOLE NONE 2,369 AMERICAN INTL GROUP INC COM NEW 026874784 1,378 40,~~000 ~~PUT~~CALL SOLE NONE ~~1,378~~782 AMERICAN INTL GROUP INC COM NEW 026874784 ~~8,954 260,000 PUT SOLE NONE 8,954 AMERICAN INTL GROUP INC COM NEW 026874784~~ 1,~~229~~490 3538,~~673~~100 ~~SH SOLE NONE 1,229 AMERICAN INTL GROUP INC COM NEW 026874784 5,765 167,400~~ PUT SOLE NONE 5,765 AMERICAN INTL GROUP INC COM NEW 026874784 286 8,300 PUT SOLE NONE 286 AMERICAN INTL GROUP INC COM NEW 026874784 2,831 82,200 PUT SOLE NONE 2,831 AMERICAN INTL GROUP INC COM NEW 026874784 696 20,200 PUT SOLE NONE 696 AMERICAN INTL GROUP INC COM NEW 026874784 3,830 111,200 PUT SOLE NONE 3,830 AMERICAN INTL GROUP INC COM NEW 026874784 1,~~722~~490 ~~50,000 PUT SOLE NONE 1,722~~ AMERICAN INTL GROUP INC COM NEW 026874784 2,~~046~~323 59,400 PUT SOLE NONE 2,~~046~~323 AMERICAN INTL GROUP INC COM NEW 026874784 13,~~133~~108 ~~32,900 PUT SOLE NONE 1,133 AMERICAN INTL GROUP INC COM NEW 026874784 38 1,100 PUT SOLE NONE 38 AMERICAN INTL GROUP INC COM NEW 026874784 2,738~~ 79,500 PUT SOLE NONE 23,~~738~~108 AMERICAN INTL GROUP INC COM NEW 026874784 ~~358~~407 10,400 PUT SOLE NONE ~~358~~407 AMERICAN INTL GROUP INC COM NEW 026874784 ~~689~~782 20,000 PUT SOLE NONE ~~689~~782 AMERICAN INTL GROUP INC COM NEW 026874784 1,312 38,100 PUT SOLE NONE 1,312 AMERICAN INTL GROUP INC COM NEW 026874784 172 5,000 CALL SOLE NONE 172 AMERICAN INTL GROUP INC COM NEW 026874784 217 6,300 CALL SOLE NONE 217 AMERICAN INTL GROUP INC COM NEW 026874784 172 5,000 CALL SOLE NONE 172 AMERICAN INTL GROUP INC COM NEW 026874784 1,071 31,100 CALL SOLE NONE 1,071 AMERICAN INTL GROUP INC COM NEW 026874784 34 1,000 PUT SOLE NONE 34 APPLE INC COM 037833100 40,748 162,000 PUT SOLE NONE 40,748 ARCHER DANIELS MIDLAND CO COM 039483102 4,044 156,619 SH SOLE NONE 4,044 AVERY DENNISON CORP COM 053611109 ~~840~~919 2624,~~150~~750 SH SOLE NONE ~~840~~919 ~~BEAZER~~BP ~~HOMES~~PLC ~~USA~~SPONSORED ~~INC~~ADR ~~UNIT~~055622104 ~~99/99/9999 07556Q501 1~~14,~~075~~410 60350,000 SHPUT SOLE NONE 114,~~075~~410 BOISE INC *W EXP 06/18/201 09746Y113 ~~128~~123 276,150 SH SOLE NONE ~~128~~123 BPBORGWARNER ~~PLC~~INC ~~SPONSORED~~NOTE ~~ADR 055622104 606 21,000 SH SOLE NONE 606 BP PLC SPONSORED ADR 055622104~~ 3~~,018 104,~~.500% ~~PUT~~4/1 ~~SOLE~~099724AF3 ~~NONE 3~~4,~~018~~669 ~~BP PLC SPONSORED ADR 055622104 10~~2,~~108 350~~800,000 ~~PUT~~PRN SOLE NONE 104,~~108~~669 ~~BUNGE LIMITED COM G16962105 123 2,500 CALL SOLE NONE 123~~ CAPITAL ONE FINL CORP COM 14040H105 ~~1,612~~791 4020,000 CALL SOLE NONE ~~1,612~~791 CAPITAL ONE FINL CORP COM 14040H105 ~~806~~989 2025,000 CALL SOLE NONE ~~806~~989 CAPITAL ONE FINL CORP COM 14040H105 ~~4,030~~941 ~~100~~23,~~000~~800 ~~PUT~~CALL SOLE NONE ~~4,030~~941 CAPITAL ONE FINL CORP COM 14040H105 ~~806~~791 20,000 PUT SOLE NONE ~~806~~791 CAPITAL ONE FINL CORP ~~COM 14040H105 403 10,000 PUT SOLE NONE 403 CAPITAL ONE FINL CORP COM 14040H105 1,016 25,210 SH SOLE NONE 1,016 CAPITAL ONE FINL CORP~~ *W EXP 11/14/201 14040H139 1,~~571~~450 102,700 SH SOLE NONE 1,~~571~~450 CITIGROUP INC COM 172967101 ~~788~~818 209,700 PUT SOLE NONE ~~788~~818 CITIGROUP INC COM 172967101 ~~519~~442 ~~137~~113,~~900~~400 SH SOLE NONE ~~519~~442 COMERICA INC *W EXP 11/14/201 200340115 32,~~566~~015 ~~280~~157,~~000~~405 SH SOLE NONE 32,~~566~~015 CORE LABORATORIES LP NOTE 0.250%10/3 21868FAB9 89,~~012~~616 5,000,000 PRN SOLE NONE 89,~~012~~616 DOLE FOOD CO INC NEW COM 256603101 ~~115~~101 11,000 PUT SOLE NONE ~~115~~101 ~~DOLE~~E ~~FOOD~~M COC ~~INC~~CORP ~~NEW~~MASS ~~COM~~NOTE ~~256603101~~1.750%12/0 ~~167~~268648AK8 169,~~000~~196 ~~PUT SOLE NONE 167 DRYSHIPS INC SHS Y2109Q101 186 52~~7,000 ~~PUT SOLE NONE 186 DRYSHIPS INC SHS Y2109Q101 157 44~~,000 SHPRN SOLE NONE ~~157~~9,196 FORD MTR CO DEL *W EXP 01/01/201 345370134 1,~~286~~773 414,321 SH SOLE NONE 1,~~286~~773 FORD MTR CO DEL COM PAR $0.01 345370860 869 71,000 PUT SOLE NONE 869 GLG PARTNERS INC *W EXP 12/28/201 37929X115 6470 550,000 SH SOLE NONE 6470 ~~GOLDMAN~~HECKMANN ~~SACHS~~CORP ~~GROUP~~*W ~~INC~~EXP ~~COM~~11/09/201 ~~38141G104~~422680116 ~~30,533~~23 ~~232~~120,~~600~~000 ~~PUT~~SH SOLE NONE ~~30,533~~23 ~~GOLDMAN~~HUMAN ~~SACHS~~GENOME ~~GROUP~~SCIENCES INC COM ~~38141G104~~444903108 ~~11,071~~57 841,~~341~~900 SHPUT SOLE NONE ~~11,071~~57 ~~HECKMANN~~HUMAN ~~CORP~~GENOME *WSCIENCES ~~EXP~~INC 11NOTE 2.250%10/~~09/201~~1 ~~422680116~~444903AK4 5212,607 ~~120~~6,300,000 SHPRN SOLE NONE 5212,607 ~~HUMAN~~INFORMATICA ~~GENOME~~CORP ~~SCIENCES INC~~ NOTE 23.~~250~~000%10 3/1 ~~444903AK4~~45666QAB8 814,~~096~~508 57,~~100~~500,000 PRN SOLE NONE 814,~~096~~508 INGERSOLL-RAND GLOBAL HLDG C NOTE 4.500% 4/1 45687AAD4 31,~~437~~432 1700,~~750,~~000 PRN SOLE NONE 31,~~437~~432 IRIDIUM COMMUNICATIONS INC *W EXP 02/14/201 46269C128 ~~356~~212 ~~150~~145,000 SH SOLE NONE ~~356~~212 ISHARES TR ~~INDEX~~FTSE ~~RUSSELL~~XNHUA ~~2000~~IDX ~~464287655~~464287184 ~~226~~42,~~790~~820 31,~~713~~000,000 ~~CALL~~PUT SOLE NONE ~~226~~42,~~790~~820 ISHARES TR ~~INDEX~~MSCI ~~RUSSELL~~EMERG ~~2000~~MKT ~~464287655~~464287234 45,~~825~~686 79127,000 ~~CALL~~PUT SOLE NONE 45,~~825~~686 ISHARES TR ~~INDEX~~MSCI ~~RUSSELL~~EMERG ~~2000~~MKT ~~464287655~~464287234 485,~~253~~686 ~~790~~127,000 PUT SOLE NONE 485,~~253~~686 ISHARES TR ~~INDEX~~ RUSSELL 2000 464287655 41,~~825~~275 7918,~~000~~900 PUT SOLE NONE 41,~~825~~275 ISHARES TR ~~INDEX~~ RUSSELL 2000 464287655 ~~579~~10,~~038~~080 9149,~~480,000~~400 PUT SOLE NONE ~~579~~10,~~038~~080 ~~ISHARES~~MYLAN TRINC ~~INDEX~~COM ~~RUSSELL~~628530107 ~~2000 464287655 60~~1,~~317~~384 ~~987~~73,~~500~~600 PUT SOLE NONE 601,~~317~~384 ~~ISHARES~~MYLAN TRINC ~~INDEX~~COM ~~RUSSELL~~628530107 ~~2000~~198 ~~464287655 12~~10,~~063 197,~~500 PUT SOLE NONE ~~12,063~~198 ~~MCMORAN~~MYLAN ~~EXPLORATION~~INC COCOM ~~PFD~~628530107 ~~MAND~~640 ~~CNV~~34,000 ~~582411500~~PUT ~~9 100 SH~~ SOLE NONE 9640 ~~MCMORAN~~MYLAN ~~EXPLORATION~~INC COCOM ~~PFD~~628530107 ~~MAND CNV 582411500 2~~1,~~336~~881 27100,000 SHPUT SOLE NONE ~~2,336 MERCK & CO INC NEW PFD CONV 6% 58933Y204 257~~ 1,~~044~~881 SHMYLAN ~~SOLE NONE 257 MERCK & CO~~ INC ~~NEW~~COM ~~PFD~~628530107 ~~CONV 6% 58933Y204 12~~8,~~056~~809 49468,~~000~~300 SHPUT SOLE NONE 128,~~056~~809 ~~MICRON~~MYLAN ~~TECHNOLOGY~~ INC ~~NOTE~~COM ~~4.250%10/1~~628530107 ~~595112AJ2~~662 235,~~687~~200 ~~1,500,000~~PUT ~~PRN~~ SOLE NONE ~~2,687~~662 MYLAN INC COM 628530107 71,~~980~~731 ~~468~~92,~~300~~000 PUT SOLE NONE 71,~~980~~731 MYLAN INC COM 628530107 ~~179~~1,552 1082,500 PUT SOLE NONE ~~179~~1,552 MYLAN INC ~~COM~~PFD ~~628530107~~CONV 1628530206 20,~~254~~399 7318,~~600~~250 ~~PUT~~SH SOLE NONE 120,~~254~~399 MYLAN INC ~~COM~~PFD ~~628530107~~CONV 7628530206 55,~~314~~262 ~~429~~49,~~203~~440 SH SOLE NONE 755,~~314~~262 ~~MYLAN~~NETAPP INC ~~COM~~NOTE ~~628530107~~1.750% ~~600~~6/0 3564110DAB0 17,~~200~~122 ~~PUT~~10,500,000 PRN SOLE NONE ~~600~~17,122 ~~MYLAN~~OWENS ~~INC~~CORNING NEW COM ~~628530107~~690742101 ~~2,821~~136 ~~165~~5,~~569~~300 SHCALL SOLE NONE ~~2,821~~136 ~~MYLAN~~OWENS ~~INC~~CORNING ~~PFD~~NEW ~~CONV~~COM ~~628530206~~690742101 ~~50,192~~256 4710,~~440~~000 SHCALL SOLE NONE ~~50,192~~256 ~~MYLAN~~OWENS ~~INC~~CORNING ~~PFD~~NEW ~~CONV~~COM ~~628530206~~690742101 ~~20,896~~10 ~~19,750~~400 SHCALL SOLE NONE ~~20,896~~10 OWENS CORNING NEW COM 690742101 21,~~094~~282 7050,000 ~~PUT~~CALL SOLE NONE 21,~~094~~282 OWENS CORNING NEW *WCOM ~~EXP~~690742101 ~~10/30/201~~513 ~~690742127 372 126~~20,~~582~~000 SHPUT SOLE NONE ~~372~~513 ~~PLACER~~OWENS ~~DOME~~CORNING ~~INC~~NEW ~~DBCV~~COM ~~2.750%10/1~~690742101 ~~725906AK7~~256 510,~~555 3,~~000~~,000~~ ~~PRN~~PUT SOLE NONE ~~5,555~~256 ~~PNC~~OWENS ~~FINL~~CORNING ~~SVCS~~NEW ~~GROUP INC~~ *W EXP 1210/3130/201 ~~693475121~~690742127 ~~653~~202 56124,~~000~~982 SH SOLE NONE ~~653~~202 ~~PRIMORIS~~PNC FINL SVCS ~~CORP~~GROUP INC *W EXP 1012/0231/201 ~~74164F111~~693475121 14591 756,~~850~~000 SH SOLE NONE 14591 RAYTHEON CO *W EXP 06/16/201 755111119 ~~1,382~~949 ~~117~~97,~~407~~167 SH SOLE NONE ~~1,382~~949 REGIONS FINANCIAL CORP NEW COM 7591EP100 67,~~580~~270 1,000,000 PUT SOLE NONE 67,~~580~~270 ~~REGIONS FINANCIAL CORP NEW COM 7591EP100 4,858 738,237 SH SOLE NONE 4,858 REGIONS FINANCIAL CORP NEW COM 7591EP100 322 48,934 SH SOLE NONE 322~~ RESOLUTE ENERGY CORP *W EXP 09/25/201 76116A116 ~~652~~498 282,700 SH SOLE NONE ~~652~~498 ~~SAKS~~SLM ~~INC~~CORP COM ~~79377W108~~78442P106 15,~~063~~899 ~~140~~510,~~000~~700 PUT SOLE NONE ~~1,063 SCHEIN HENRY INC NOTE 3.000% 8/1 806407AB8 6,837~~ 5,~~750,000~~899 ~~PRN~~SLM ~~SOLE~~CORP ~~NONE~~COM ~~6,837~~78442P106 ~~SHANDA~~139 ~~INTERACTIVE ENTMT LTD SPONSORED ADR 81941Q203 2~~12,~~380~~010 ~~60,000~~SH ~~PUT~~ SOLE NONE ~~2,380~~139 SHANDA INTERACTIVE ENTMT LTD NOTE 2.000% 9/1 81941QAD6 7,~~512~~434 6,500,000 PRN SOLE NONE 7,~~512~~434 ~~SLM~~TALBOTS ~~CORP~~INC ~~COM~~*W ~~78442P106~~EXP ~~5,306~~04/09/201 ~~510,700~~874161110 ~~PUT~~110 ~~SOLE NONE 5~~38,~~306~~886 ~~SLM CORP COM 78442P106 238 22,910~~ SH SOLE NONE ~~238~~110 ~~SPDR~~US ~~GOLD~~AIRWAYS ~~TRUST~~GROUP ~~GOLD~~INC ~~SHS~~NOTE ~~78463V107~~7.250% ~~62,483~~5/1 ~~513,500~~911905AC1 ~~CALL SOLE NONE 62~~6,~~483~~659 ~~SPDR GOLD TRUST GOLD SHS 78463V107 67~~3,~~289 553,~~000 ~~CALL SOLE NONE 67~~,~~289 SPDR GOLD TRUST GOLD SHS 78463V107 48,064 395,~~000 ~~CALL~~PRN SOLE NONE 486,~~064~~659 ~~SPDR~~UNITED ~~GOLD~~THERAPEUTICS ~~TRUST~~CORP ~~GOLD~~DEL ~~SHS~~NOTE ~~78463V107 36,042 296,200 CALL SOLE NONE 36,042 SPDR GOLD TRUST GOLD SHS 78463V107 38,451 316,000 CALL SOLE NONE 38,451 SPDR GOLD TRUST GOLD SHS 78463V107 33,645 276,~~0.500%10/1 ~~CALL~~91307CAD4 ~~SOLE NONE 33~~4,~~645~~542 ~~SPDR GOLD TRUST GOLD SHS 78463V107 144~~3,~~191 1,185,~~000 ~~PUT SOLE NONE 144~~,~~191 SPDR GOLD TRUST GOLD SHS 78463V107 67,289 553,~~000 ~~PUT~~PRN SOLE NONE 674,~~289~~542 ~~SPDR~~VALE ~~GOLD~~S ~~TRUST~~A ~~GOLD~~ADR ~~SHS~~91912E105 ~~78463V107 29~~3,~~751~~127 ~~244~~100,~~500 PUT SOLE NONE 29,751 SPDR GOLD TRUST GOLD SHS 78463V107 72,095 592,500 PUT SOLE NONE 72,095 SPDR GOLD TRUST GOLD SHS 78463V107 38,451 316,~~000 ~~PUT~~CALL SOLE NONE 383,~~451~~127 ~~SPDR~~ZIONS ~~S&P~~BANCORPORATION ~~500~~COM ~~ETF~~989701107 TR726 ~~UNIT SER 1 S&P~~34, ~~78462F103 1,032 10,~~000 SHCALL SOLE NONE ~~1,032~~726 ~~TALBOTS~~ZIONS ~~INC~~BANCORPORATION *W EXP 0405/0922/~~201~~202 ~~874161110~~989701115 83900 38168,~~886~~299 SH SOLE NONE 83900 ~~UNITED~~BUNGE ~~RENTALS~~LIMITED ~~INC~~ COM ~~911363109~~G16962105 ~~652~~148 702,~~000~~500 ~~PUT~~CALL SOLE NONE ~~652~~148 ~~UNITED~~BUNGE ~~RENTALS~~LIMITED ~~INC~~COM ~~NOTE~~G16962105 ~~4.000%11/1 911363AL3~~ 2,~~146~~183 236,~~000,000~~900 ~~PRN~~CALL SOLE NONE 2,~~146~~183 ~~UNITED~~XL ~~THERAPEUTICS~~GROUP ~~CORP~~PLC ~~DEL~~SHS ~~NOTE~~G98290102 ~~0.500%10/1 91307CAD4 4~~3,~~647~~534 3163,~~500,000~~150 ~~PRN~~SH SOLE NONE 43,~~647~~534 USDRYSHIPS ~~AIRWAYS GROUP~~ INC ~~NOTE~~SHS 7.Y2109Q101 250% ~~5/1 911905AC1 4~~52,~~098 2,~~000~~,000~~ ~~PRN~~PUT SOLE NONE ~~4,098~~250 ~~VALE~~DRYSHIPS SINC ASHS ~~ADR~~Y2109Q101 ~~91912E105~~212 244,~~435 100,~~000 ~~CALL SOLE NONE 2,435 WYNDHAM WORLDWIDE CORP NOTE 3.500% 5/0 98310WAC2 4,044 2,500,000 PRN SOLE NONE 4,044 ZIONS BANCORPORATION *W EXP 05/22/202 989701115 980 140,000~~ SH SOLE NONE ~~980~~212

SK 26723 0001 1147555

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