13F-HR 1 form13fallfiles033107_1.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: 3/31/07 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: PROXIMA ALFA INVESTMENTS (USA) LLC Address: 623 FIFTH AVENUE, 14 FLOOR New York, NY 10022 Form 13F File Number: 28--____________ 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: Andrew E. Feldman New York, NY June 14, 2006 __________________________ _________________________ ___________ [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: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28--_______________ _____________________________________ [Repeat as necessary] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 178 Form 13F Information Table Value Total: 425212 (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 Discretion" "Other Managers" Sole Shared None CORE LABORATORIES NV COMMON STOCK COM N22717107 5868 70000 SH Y N Y N None TRANSOCEAN INC. FOREIFN COMMON COM G90078109 8170 100000 SH Y N Y N None DEVON ENERGY CORPORATION COMMON COM 25179M103 8653 125000 SH Y N Y N None NOBLE ENERGY INC COMMON STOCK COM 655044105 7456 125000 SH Y N Y N None DENBURY RESOURCES INC COMMON STOCK COM 247916208 4469 150000 SH Y N Y N None PARALLEL PETROLEUM CORP COMMON STO COM 699157103 3443 150000 SH Y N Y N None XTO ENERGY INC COMMON STOCK COM 98385X106 8222 150000 SH Y N Y N None ANDERSONS INC/THE COMMON STOCK COM 34164103 7770 175000 SH Y N Y N None OCEANEERING INT'L INC COMMON STOCK COM 675232102 7371 175000 SH Y N Y N None HORNBECK OFFSHORE SERVICES COMMON ST COM 440543106 5444 190000 SH Y N Y N None ARENA RESOURCES INC COMMON STOCK COM 40049108 10024 200000 SH Y N Y N None MERIDIAN GOLD INC FOREIGN COMMON S COM 589975101 5106 200000 SH Y N Y N None SOUTHWESTERN ENERGY CO COMMON ST COM 845467109 8196 200000 SH Y N Y N None RANGE RESOURCES CORP COMMON STOCK COM 75281A109 7515 225000 SH Y N Y N None BOIS D' ARC ENERGY INC COMMON STOCK COM 09738U103 4631 350000 SH Y N Y N None KODIAK OIL & GAS CORP FOREIGN CO COM 50015Q100 3654 700000 SH Y N Y N 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 Discretion" "Other Managers" Sole Shared None AMR CORP/DEL COM 1765106 " 1,943 " 63800 SH Y N Y N None AT&T INC COM 00206R102 " 4,204 " 106618 SH Y N Y N None ABERCROMBIE & FITCH CO. CLA 2896207 " 2,914 " 38500 SH Y N Y N None AEGON N.V. ORD AMER REG 7924103 " 3,911 " 196139 SH Y N Y N None ALLEGHENY TECHNOLOGIES INC COM 01741R102 " 1,984 " 18600 SH Y N Y N None ALLIED WASTE INDUSTRIES INC COM 19589308 " 2,165 " 172000 SH Y N Y N None ALTRIA GROUP INC COM 02209S103 " 7,578 " 86300 SH Y N Y N None AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 " 3,154 " 66000 SH Y N Y N None AMERICAN AXLE & MFG HOLDINGS COM 24061103 749 27400 SH Y N Y N None AMKOR TECHNOLOGY INC COM 31652100 " 2,820 " 226000 SH Y N Y N None AMPHENOL CORP CLA 32095101 " 3,177 " 49200 SH Y N Y N None ANNALY CAPITAL MANAGEMT IN COM 35710409 774 50000 SH Y N Y N None APOLLO GROUP INC CLA 37604105 " 4,332 " 98671 SH Y N Y N None APPLIED BIOSYSTEMS GROUP -APP COM AP BIO GRP 38020103 " 2,105 " 71200 SH Y N Y N None ARACRUZ CELULOSE SA -SPON ADR SPON ADR PFD B 38496204 " 2,959 " 56400 SH Y N Y N None ASPREVA PHARMACEUTICAL CORP COM 04538T109 " 1,087 " 50400 SH Y N Y N None AVERY DENNISON CORPORATION COM 53611109 " 3,425 " 53300 SH Y N Y N None AVID TECHNOLOGY INC COM 05367P100 " 1,377 " 39479 SH Y N Y N None BMC SOFTWARE INC COM 55921100 733 23800 SH Y N Y N None BARCLAYS PLC -SPONS ADR ADR 6.74E+207 " 3,348 " 58800 SH Y N Y N None BLACKBOARD INC COM 91935502 " 1,188 " 35322 SH Y N Y N None CIGNA CORPORATION COM 125509109 " 4,922 " 34500 SH Y N Y N None CAPITALSOURCE INC COM 14055X102 " 1,018 " 40500 SH Y N Y N None CAREER EDUCATION CORPORATION COM 141665109 " 2,681 " 87900 SH Y N Y N None CELANESE CORP COM SER A 150870103 " 3,614 " 117200 SH Y N Y N None CHAPARRAL STEEL CO COM 159423102 " 1,574 " 27057 SH Y N Y N None CISCO SYSTEMS INC COM 17275R102 " 2,579 " 101000 SH Y N Y N None COMMERCIAL VEHICLE GROUP INC COM 202608105 " 1,059 " 51394 SH Y N Y N None CIA VALE DO RIO DOCE-ADR SPON ADR 204412209 " 3,773 " 102000 SH Y N Y N None CIA SANEAMENTO BASICO DE-ADR SPON ADR 20441A102 " 1,470 " 43500 SH Y N Y N None COMPANHIA DE BEBIDAS -PR ADR SPON ADR PFD 20441W203 " 1,561 " 28400 SH Y N Y N None CONOCOPHILLIPS COM 20825C104 " 4,648 " 68000 SH Y N Y N None CONSTELLATION ENERGY GROUP COM 210371100 " 2,304 " 26500 SH Y N Y N None CONTINENTAL AIRLINES CL B CL B 210795308 " 3,100 " 85200 SH Y N Y N None CROCS INC COM 227046109 " 2,093 " 44300 SH Y N Y N None CYTYC CORPORATION COM 232946103 " 2,488 " 72727 SH Y N Y N None DANAHER CORPORATION COM 235851102 " 4,480 " 62700 SH Y N Y N None DELUXE CORPORATION COM 248019101 " 2,206 " 65800 SH Y N Y N None DEVON ENERGY CORPORATION COM 25179M103 " 10,397 " 150200 SH Y N Y N None DIAGEO PLC - SPONSORED ADR ADR 25243Q205 " 1,101 " 13600 SH Y N Y N None EATON CORPORATION COM 278058102 " 1,019 " 12200 SH Y N Y N None FPL GROUP INC COM 302571104 " 3,664 " 59900 SH Y N Y N None FACTSET RESEARCH SYSTEMS INC COM 303075105 " 1,213 " 19300 SH Y N Y N None FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 344419106 " 1,192 " 10800 SH Y N Y N None GARDNER DENVER INC COM 365558105 310 8900 SH Y N Y N None GETTY IMAGES INC COM 374276103 49 1000 SH Y N Y N None GOODYEAR TIRE & RUBBER CO COM 382550101 343 11000 SH Y N Y N None GRAMERCY CAPITAL CORP COM 384871109 408 13300 SH Y N Y N None GRUPO SIMEC COM 400491106 117 9500 SH Y N Y N None GRUPO TELEVISA SA SP ADR REP ORD 40049J206 " 4,154 " 139400 SH Y N Y N None HCC INSURANCE HOLDINGS INC COM 404132102 " 4,968 " 161300 SH Y N Y N None HEWLETT-PACKARD CO COM 428236103 " 1,806 " 45000 SH Y N Y N None HONEYWELL INTERNATIONAL INC COM 438516106 " 3,192 " 69300 SH Y N Y N None HURON CONSULTING GROUP INC COM 447462102 456 7500 SH Y N Y N None INTL BUSINESS MACHINES CORP COM 459200101 " 2,818 " 29900 SH Y N Y N None INTERNATIONAL POWER PLC SPON ADR 46018M104 " 1,578 " 20100 SH Y N Y N None JP MORGAN CHASE & CO. COM 46625H100 " 3,387 " 70000 SH Y N Y N None JANUS CAPITAL GROUP INC COM 47102X105 21 1000 SH Y N Y N None JOY GLOBAL INC COM 481165108 " 2,209 " 51500 SH Y N Y N None KELLOGG CO COM 487836108 771 15000 SH Y N Y N None KIMBERLY-CLARK CORP COM 494368103 " 1,507 " 22000 SH Y N Y N None L-3 COMMUNICATIONS HLDGS INC COM 502424104 " 5,047 " 57700 SH Y N Y N None LABORATOR CRP OF AMER HLDGS COM NEW 50540R409 " 3,225 " 44400 SH Y N Y N None LASALLE HOTEL PROPERTIES COM 517942108 " 1,052 " 22700 SH Y N Y N None "LEE ENTERPRISES,INC" COM 523768109 " 1,671 " 55600 SH Y N Y N None MEMC ELECTRONIC MATERIALS COM 552715104 " 3,090 " 51000 SH Y N Y N None MANTECH INTERNATIONAL CORP CL A 564563104 " 2,470 " 73936 SH Y N Y N None MARATHON OIL CORP COM 565849106 " 4,151 " 42000 SH Y N Y N None MEDCO HEALTH SOLUTIONS INC COM 58405U102 " 2,067 " 28500 SH Y N Y N None MEDTRONIC INC COM 585055106 " 3,733 " 76100 SH Y N Y N None METHANEX CORP COM 59151K108 345 15456 SH Y N Y N None MICROSTRATEGY INC CLA 594972408 " 3,116 " 24652 SH Y N Y N None NRG ENERGY INC COM 629377508 " 3,335 " 46300 SH Y N Y N None NEWELL RUBBERMAID INC COM 651229106 " 2,120 " 68200 SH Y N Y N None NORTHSTAR REALTY FINANCE COR COM 66704R100 262 17200 SH Y N Y N None NU SKIN ENTERPRISES INC -A COM 67018T105 17 1000 SH Y N Y N None OMNICOM GROUP COM 681919106 921 9000 SH Y N Y N None PPL CORPORATION COM 69351T106 " 3,947 " 96500 SH Y N Y N None PALOMAR MEDICAL TECHNOLOGIES COM 697529303 " 2,173 " 54400 SH Y N Y N None PARTNER COMMUNICATIONS ADR 70211M109 799 53998 SH Y N Y N None PT TELEKOMUNIKASI INDONESIA SPON ADR 715684106 " 3,753 " 87000 SH Y N Y N None PHILADELPHIA CONS HLDG C COM 717528103 " 2,277 " 51757 SH Y N Y N None PRECISION CASTPARTS CORP COM 740189105 " 2,789 " 26800 SH Y N Y N None QUALCOMM INC COM 747525103 " 2,771 " 65000 SH Y N Y N None QUANTA SERVICES INC COM 7.48E+106 " 3,818 " 151400 SH Y N Y N None RELIANCE STEEL & ALUMINUM CO. COM 759509102 " 1,312 " 27100 SH Y N Y N None RIO TINTO PLC-SPON ADR SPON ADR 767204100 " 3,349 " 14700 SH Y N Y N None KONINKIJKE KPN NV-SP ADR SPON ADR 780641205 " 5,008 " 320400 SH Y N Y N None SCHWAB (CHARLES) CORP COM 808513105 " 3,309 " 180900 SH Y N Y N None SEACOR HOLDINGS INC COM 811904101 " 3,651 " 37100 SH Y N Y N None SEALED AIR CORP COM 81211K100 " 3,135 " 99200 SH Y N Y N None SEARS HOLDINGS CORP COM 812350106 " 6,576 " 36500 SH Y N Y N None SIGMA-ALDRICH COM 826552101 " 2,545 " 61292 SH Y N Y N None SILICONWARE PRECISION-ADR SPON ADR SPL 827084864 " 3,296 " 336010 SH Y N Y N None SONIC SOLUTIONS COM 835460106 636 45100 SH Y N Y N None STRYKER CORPORATION COM 863667101 663 10000 SH Y N Y N None SUNCOR ENERGY INC COM 867229106 764 10000 SH Y N Y N None SUNOCO INC COM 86764P109 " 2,733 " 38794 SH Y N Y N None SUPERIOR ENERGY SERVICES INC COM 868157108 " 2,361 " 68500 SH Y N Y N None TECK COMINCO LTD CL B 878742204 " 3,174 " 45600 SH Y N Y N None TENARIS SA SPON ADR 88031M109 " 2,525 " 55000 SH Y N Y N None TYCO INTERNATIONAL LTD COM 902124106 " 2,209 " 70000 SH Y N Y N None UST INC COM 902911106 " 3,276 " 56500 SH Y N Y N None UNIBANCO-ADR ADR 9.05E+111 " 1,303 " 14900 SH Y N Y N None UNITEDHEALTH GROUP INC COM 91324P102 " 3,570 " 67400 SH Y N Y N None VALUECLICK INC. COM 92046N102 " 3,412 " 130576 SH Y N Y N None VIROPHARMA INC COM 928241108 583 40600 SH Y N Y N None WATSON WYATT WORLDWIDE INC COM 942712100 " 2,729 " 56100 SH Y N Y N None WELLCARE HEALTH PLANS INC COM 94946T106 " 2,583 " 30300 SH Y N Y N None ACCENTURE LTD CL A CLA G1150G111 " 1,472 " 38200 SH Y N Y N None CHIPMOS TECHNOLOGIES BERMUDA SHS G2110R106 " 1,424 " 206050 SH Y N Y N None GARMIN LTD ORD G37260109 " 2,507 " 46300 SH Y N Y N None TRANSOCEAN INC. ORD G90078109 " 3,709 " 45400 SH Y N Y N None XYRATEX LTD COM G98268108 " 1,014 " 42485 SH Y N Y N None ASE TEST LIMITED ORD Y02516105 873 76683 SH Y N Y N None VERIGY LTD SHS Y93691106 " 1,146 " 48836 SH Y N Y N None

PROXIMA ALFA INVESTMENTS (USA) LLC 13F-HR