13F-HR 1 form13fallfiles063006.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washingoton, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/06 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds a new holdings entries Institutional Investment Manager Filing this Report: Name: VegaPlus Capital Partners (USA) LLC Address: 375 Park Avenue 29th Floor New York, NY 10152 Form 13F File Number: 28-11948 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: Andrew E. Feldman Title: General Counsel Phone: (646) 367-2822 Signature, Place, and Date of Signing: __________________________ _________________________ ___________ [Signature] [City, State] [Date] Report Type (Check only one) [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of thie 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: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 158 Form 13F Information Table Value Total: 155957 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all insitutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Voting Authority Name of Issuer Title of Class CUSIP " Value (x$1000) "SHS "SH/ PRN" "PUT/ CALL""Investment Other Discretion" Managers" Sole Shared None ARENA RESOURCES INC COM 40049108 3191 "110,000" SH Y N Y N N BAKER HUGHES INC COM 0 57224107 2224 "40,000" SH Y N Y N N CAMECO CORP COM 13321L108 2805 "75,000" SH Y N Y N N CORE LABORATORIES NV COM N22717107 1558 "30,000" SH Y N Y N N COMPLETE PRODUCTION SERVICES COM 20453 E109 2191 "90,000" SH Y N Y N N DELTA PETROLEUM CORP COM 247907207 1713 "100,000" SH Y N Y N N EXELON CORPORATION COM 30161N101 2594 "50,000" SH Y N Y N N GLOBALSANTAFE CORP SHS G3930E101 3544 "60,000" SH Y N Y N N HORIZON OFFSHORE INC COM 44043J204 1540 "75,000" SH Y N Y N N LUFKIN INDUSTRIES INC COM 549764108 2837 "50,000" SH Y N Y N N OCEANEERING INT'L INC COM 675232102 1909 "50,000" SH Y N Y N N OIL STATES INTERNATIONAL INC. COM 678026105 1955 "50,000" SH Y N Y N N PHELPS DODGE CORP COM 717265102 2206 "30,000" SH Y N Y N N PARALLEL PETROLEUM CORP COM 699157103 2359 "140,000" SH Y N Y N N TRANSOCEAN INC. ORD G90078109 4254 "60,000" SH Y N Y N N SEMPRA ENERGY COM 816851109 3233 "70,000" SH Y N Y N N SUNOCO INC COM 86764P109 3457 "50,000" SH Y N Y N N TEAM INC COM 878155100 2920 "120,000" SH Y N Y N N TRONOX INC-CLASS A CLA 897051108 1971 "130,000" SH Y N Y N N TXU CORPORATION COM 873168108 2394 "50,000" SH Y N Y N N

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Voting Authority Name of Issuer Title of Class CUSIP " Value (x$1000) "SHS "SH/ PRN""PUT/ CALL""Investment Other Discretion" Managers" Sole Shared None ALCOA INC COM 013817101 755 " 24,000.00 " SH Y N Y N N APPLIED BIOSYSTEMS GROUP -APP COM 038020103 446 " 15,300.00 " SH Y N Y N N ABBOTT LABORATORIES COM 002824100 505 " 12,000.00 " SH Y N Y N N COMPANHIA DE BEBIDAS -PR ADR ADR 20441W203 735 " 16,500.00 " SH Y N Y N N ARCHER-DANIELS-MIDLAND CO COM 039483102 1274 " 32,400.00 " SH Y N Y N N AEGON N.V. ORD 007924103 551 " 32,339.00 " SH Y N Y N N AMERICAN EAGLE OUTFITTERS COM 02553E106 613 " 18,000.00 " SH Y N Y N N AES CORPORATION COM 00130H105 718 " 40,000.00 " SH Y N Y N N ARMOR HOLDINGS INC COM 042260109 532 " 10,000.00 " SH Y N Y N N AMERICAN HOME MORTGAGE INVES COM 02660R107 474 " 13,900.00 " SH Y N Y N N ALCAN INC COM 013716105 968 " 21,000.00 " SH Y N Y N N AMERIPRISE FINANCIAL INC COM 03076C106 378 " 8,200.00 " SH Y N Y N N AMERICA MOVIL-ADR SERIES L ADR 02364W105 536 " 18,000.00 " SH Y N Y N N AMPHENOL CORP - CLASS A CLA 032095101 792 " 14,700.00 " SH Y N Y N N ARACRUZ CELULOSE SA -SPON ADR ADR 038496204 654 " 11,100.00 " SH Y N Y N N AMERICAN STANDARD COS INC COM 029712106 524 " 12,100.00 " SH Y N Y N N ALLEGHENY TECHNOLOGIES INC COM 01741R102 642 " 10,000.00 " SH Y N Y N N ALLEGHENY ENERGY INC COM 017361106 1101 " 30,000.00 " SH Y N Y N N BANK OF AMERICA CORPORATION COM 060505104 1125 " 23,700.00 " SH Y N Y N N BLACKBOARD INC COM 091935502 285 " 9,500.00 " SH Y N Y N N BARCLAYS PLC -SPONS ADR ADR 06738E204 736 " 15,300.00 " SH Y N Y N N WR BERKLEY CORP COM 084423102 472 " 12,150.00 " SH Y N Y N N BJ SERVICES COMPANY COM 055482103 361 " 10,000.00 " SH Y N Y N N BROADCOM CORPORATION -CL A CLA 111320107 64 " 2,000.00 " SH Y N Y N N ANHEUSER-BUSCH COS INC COM 035229103 1518 " 33,000.00 " SH Y N Y N N BORGWARNER INC COM 099724106 651 " 10,000.00 " SH Y N Y N N CITIGROUP INC COM 172967101 782 " 16,000.00 " SH Y N Y N N CONTINENTAL AIRLINES CL B CLB 210795308 488 " 18,200.00 " SH Y N Y N N CATERPILLAR INC COM 149123101 730 " 10,000.00 " SH Y N Y N N CB RICHARD ELLIS GROUP INC-A CLA 12497T101 708 " 24,300.00 " SH Y N Y N N CHAPARRAL STEEL CO COM 159423102 811 " 11,811.00 " SH Y N Y N N CEMIG CIA ENERGY - ADR ADR 204409601 400 " 8,000.00 " SH Y N Y N N COMMERCIAL METALS CO COM 201723103 475 " 17,400.00 " SH Y N Y N N CUMMINS INC COM 231021106 676 " 6,200.00 " SH Y N Y N N CONOCOPHILLIPS COM 20825C104 949 " 14,500.00 " SH Y N Y N N CANADIAN PACIFIC RAILWAY LTD COM 13645T100 561 " 10,000.00 " SH Y N Y N N CPFL ENERGIA SA-ADR ADR 126153105 725 " 17,000.00 " SH Y N Y N N CRESUD S.A. ADR 226406106 390 " 23,000.00 " SH Y N Y N N CITRIX SYSTEMS INC COM 177376100 221 " 6,000.00 " SH Y N Y N N DANAHER CORPORATION COM 235851102 737 " 11,100.00 " SH Y N Y N N DIGITAL RIVER INC COM 25388B104 372 " 9,000.00 " SH Y N Y N N ELECTRONIC DATA SYSTEMS CORP COM 285661104 120 " 4,500.00 " SH Y N Y N N ITT EDUCATIONAL SERVICES INC COM 45068B109 487 " 7,600.00 " SH Y N Y N N ESTERLINE TECHNOLOGIES CORP COM 297425100 496 " 11,500.00 " SH Y N Y N N EATON CORPORATION COM 278058102 764 " 9,800.00 " SH Y N Y N N FREEPORT-MCMORAN COPPER-B CLB 35671D857 627 " 13,000.00 " SH Y N Y N N FIRST DATA CORPORATION COM 319963104 1104 " 23,000.00 " SH Y N Y N N FACTSET RESEARCH SYSTEMS INC COM 303075105 475 " 10,700.00 " SH Y N Y N N FIRST MARBLEHEAD CORP/THE COM 320771108 895 " 18,200.00 " SH Y N Y N N FOMENTO ECONOMICO MEX - SP ADR ADR 344419106 891 " 10,300.00 " SH Y N Y N N FPL GROUP INC COM 302571104 1226 " 30,000.00 " SH Y N Y N N FRONTIER OIL CORP COM 35914P105 573 " 20,200.00 " SH Y N Y N N FORWARD AIR CORPORATION COM 349853101 582 " 14,970.00 " SH Y N Y N N GARDNER DENVER INC COM 365558105 337 " 10,000.00 " SH Y N Y N N GIANT INDUSTRIES INC COM 374508109 617 " 10,000.00 " SH Y N Y N N GILEAD SCIENCES INC COM 375558103 599 " 10,400.00 " SH Y N Y N N GENERAL MOTORS CORPORATION COM 370442105 997 " 34,000.00 " SH Y N Y N N GOL LINHAS AEREAS INTEL-ADR ADR 38045R107 647 " 18,000.00 " SH Y N Y N N GLOBAL PAYMENTS INC COM 37940X102 493 " 10,300.00 " SH Y N Y N N GARMIN LTD ORD G37260109 427 " 4,000.00 " SH Y N Y N N GOLDMAN SACHS GROUP INC COM 38141G104 1498 " 10,000.00 " SH Y N Y N N HALLIBURTON COMPANY COM 406216101 729 " 10,000.00 " SH Y N Y N N HANSEN NATURAL CORP COM 411310105 1680 " 10,000.00 " SH Y N Y N N HOLLY CORP COM 435758305 428 " 10,000.00 " SH Y N Y N N HONEYWELL INTERNATIONAL INC COM 438516106 441 " 10,500.00 " SH Y N Y N N HEWLETT-PACKARD CO COM 428236103 743 " 22,100.00 " SH Y N Y N N ING GROEP N.V.-SPONSORED ADR ADR 456837103 993 " 26,000.00 " SH Y N Y N N INTERNATIONAL POWER PLC-ADR ADR 46018M104 783 " 17,400.00 " SH Y N Y N N INGERSOLL-RAND CO - CL A CLA G4776G101 625 " 13,700.00 " SH Y N Y N N JOHNSON CONTROLS INC COM 478366107 814 " 10,000.00 " SH Y N Y N N JONES LANG LASALLE INC COM 48020Q107 1088 " 13,800.00 " SH Y N Y N N JP MORGAN CHASE & CO. COM 46625H100 1235 " 28,600.00 " SH Y N Y N N KOMAG INC COM 500453204 560 " 11,300.00 " SH Y N Y N N KONINKIJKE KPN NV-SP ADR ADR 780641205 2299 " 202,500.00 " SH Y N Y N N LEAR CORP COM 521865105 454 " 19,500.00 " SH Y N Y N N LABORATOR CRP OF AMER HLDGS COM 50540R409 628 " 10,000.00 " SH Y N Y N N LASALLE HOTEL PROPERTIES COM 517942108 427 " 10,000.00 " SH Y N Y N N MICROCHIP TECHNOLOGY INC COM 595017104 960 " 28,370.00 " SH Y N Y N N MERRILL LYNCH & CO INC COM 590188108 952 " 12,400.00 " SH Y N Y N N MESA AIR GROUP INC COM 590479101 218 " 17,255.00 " SH Y N Y N N MONEYGRAM INTERNATIONAL INC COM 60935Y109 433 " 13,400.00 " SH Y N Y N N MIRANT CORP COM 60467R100 595 " 23,300.00 " SH Y N Y N N MERCK & CO. INC. COM 589331107 694 " 20,000.00 " SH Y N Y N N MARATHON OIL CORP COM 565849106 508 " 6,500.00 " SH Y N Y N N MICROSTRATEGY INC -CL A CLA 594972408 785 " 8,308.00 " SH Y N Y N N INDYMAC BANCORP INC COM 456607100 473 " 10,000.00 " SH Y N Y N N NEW CENTURY FINANCIAL CORP COM 6435EV108 1470 " 31,500.00 " SH Y N Y N N NEWFIELD EXPLORATION COMPANY COM 651290108 528 " 11,100.00 " SH Y N Y N N NETEASE.COM INC -ADR ADR 64110W102 451 " 20,000.00 " SH Y N Y N N NVIDIA CORP COM 67066G104 394 " 18,000.00 " SH Y N Y N N NORTHGATE MINERALS CORP COM 666416102 69 " 19,245.00 " SH Y N Y N N OIL STATES INTERNATIONAL INC. COM 678026105 809 " 21,500.00 " SH Y N Y N N OCCIDENTAL PETROLEUM CORP COM 674599105 996 " 10,000.00 " SH Y N Y N N PHELPS DODGE CORP COM 717265102 760 " 9,000.00 " SH Y N Y N N PFIZER INC COM 717081103 377 " 15,000.00 " SH Y N Y N N PALOMAR MEDICAL TECHNOLOGIES COM 697529303 877 " 19,600.00 " SH Y N Y N N QUANTA SERVICES INC COM 74762E102 960 " 54,600.00 " SH Y N Y N N REYNOLDS AMERICAN INC COM 761713106 1156 " 11,000.00 " SH Y N Y N N TRANSOCEAN INC. ORD G90078109 762 " 9,400.00 " SH Y N Y N N RELIANCE STEEL & ALUMINUM CO. COM 759509102 793 " 9,400.00 " SH Y N Y N N REDWOOD TRUST INC COM 758075402 421 " 8,700.00 " SH Y N Y N N CIA SANEAMENTO BASICO DE-ADR ADR 20441A102 765 " 30,700.00 " SH Y N Y N N SCHWAB (CHARLES) CORP COM 808513105 606 " 34,000.00 " SH Y N Y N N SCHLUMBERGER LTD COM 806857108 647 " 11,000.00 " SH Y N Y N N SONY CORP-SPONSORED ADR ADR 835699307 1167 " 24,800.00 " SH Y N Y N N CONSTELLATION BRANDS INC-A CLA 21036P108 319 " 12,000.00 " SH Y N Y N N TRAMMELL CROW CO COM 89288R106 195 " 5,200.00 " SH Y N Y N N TEREX CORP COM 880779103 964 " 10,800.00 " SH Y N Y N N HANOVER INSURANCE GROUP INC COM 410867105 599 " 11,600.00 " SH Y N Y N N TELLABS INC COM 879664100 499 " 33,700.00 " SH Y N Y N N NOVAMERICAN STEEL INC COM 669959108 412 " 10,387.00 " SH Y N Y N N TIM PARTICIPACOES SA-ADR ADR 88706P106 776 " 25,400.00 " SH Y N Y N N TEXAS INSTRUMENTS INC COM 882508104 344 " 10,000.00 " SH Y N Y N N UAL CORP COM 902549807 620 " 16,600.00 " SH Y N Y N N UNIBANCO-ADR GDR 90458E107 508 " 8,000.00 " SH Y N Y N N UNION PACIFIC CORP COM 907818108 887 " 9,300.00 " SH Y N Y N N URS CORP COM 903236107 489 " 10,600.00 " SH Y N Y N N UNITED TECHNOLOGIES CORP COM 913017109 1254 " 20,000.00 " SH Y N Y N N VALUECLICK INC. COM 92046N102 274 " 15,490.00 " SH Y N Y N N VALERO ENERGY CORP COM 91913Y100 847 " 13,000.00 " SH Y N Y N N ENCORE WIRE CORP COM 292562105 855 " 23,500.00 " SH Y N Y N N WYETH COM 983024100 563 " 11,600.00 " SH Y N Y N N XYRATEX LTD COM G98268108 529 " 16,686.00 " SH Y N Y N N XTO ENERGY INC COM 98385X106 440 " 10,000.00 " SH Y N Y N N

VEGAPLUS CAPITAL PARTNERS (USA) LLC 13F-HR