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<SEC-DOCUMENT>0000950134-07-023958.txt : 20071114
<SEC-HEADER>0000950134-07-023958.hdr.sgml : 20071114
<ACCEPTANCE-DATETIME>20071114143521
ACCESSION NUMBER:		0000950134-07-023958
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070930
FILED AS OF DATE:		20071114
DATE AS OF CHANGE:		20071114
EFFECTIVENESS DATE:		20071114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WS VENTURES MANAGEMENT L P
		CENTRAL INDEX KEY:			0001261917
		IRS NUMBER:				752901853
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-11757
		FILM NUMBER:		071243541

	BUSINESS ADDRESS:	
		STREET 1:		300 CRESCENT COURT SUITE 1111
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		2147566073

	MAIL ADDRESS:	
		STREET 1:		300 CRESCENT COURT SUITE 1111
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>d51582e13fvhr.txt
<DESCRIPTION>FORM 13F HOLDINGS REPORT
<TEXT>
<PAGE>

                                  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, 2007

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:    WS Ventures Management, L.P.
Address: 300 Crescent Court, Suite 1111
         Dallas, Texas 75201

Form 13F File Number: 28-11757

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:  Patrick P. Walker Contact Person: Joseph I. Worsham, II
Title: Member of WSV Management, L.L.C., general partner of
       WS Ventures Management, L.P.
Phone: (214) 756-6056

Signature, Place and Date of Signing:


/s/ Patrick P. Walker                   Dallas, Texas          November 14, 2007
- -------------------------------------   --------------------   -----------------
(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).)

<PAGE>

                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                    0
Form 13F Information Table Entry Total:              71
Form 13F Information Table Value Total:        $141,775
                                          (in thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

     None

<PAGE>

                           FORM 13F Information Table

<TABLE>
<CAPTION>
         Column 1:             Column 2:   Column 3:  Column 4:       Column 5:       Column 6  Column 7:       Column 8:
- --------------------------- -------------- --------- ----------- ------------------- ---------- --------- ---------------------
                                                     Fair Market Shares or                                   Voting Authority
                               Title of      CUSIP       Value   Principal SH/  Put/ Investment   Other   ---------------------
       Name of Issuer            Class       Number   (x $1,000)   Amount  PRN  Call Discretion  Managers    Sole   Shared None
- --------------------------- -------------- --------- ----------- --------- ---  ---- ---------- --------- --------- ------ ----
<S>                         <C>            <C>       <C>         <C>       <C>  <C>  <C>        <C>       <C>       <C>    <C>
AIRSPAN NETWORKS INC              COM      00950H102       463     185,000 SH        SOLE                   185,000
ALANCO TECHNOLOGIES INC      CLA NO PV NEW 011612603      3187   1,976,665 SH        SOLE                 1,976,665
ALLION HEALTHCARE INC             COM      019615103      5650     804,900 SH        SOLE                   804,900
ALTRA HOLDINGS INC                COM      02208R106      4686     281,100 SH        SOLE                   281,100
ASPENBIO PHARMA INC               COM      045346103      1624     168,300 SH        SOLE                   168,300
ATMEL CORP                        COM      049513104       263      51,000 SH        SOLE                    51,000
BEA SYS INC                       COM      073325102       824      59,400 SH        SOLE                    59,400
BEARINGPOINT INC                  COM      074002106      1094     270,200 SH        SOLE                   270,200
BECKMAN COULTER INC               COM      075811109      3540      48,000 SH        SOLE                    48,000
BECKMAN COULTER INC               COM      075811109     12421     168,400 SH   CALL SOLE                   168,400
BORLAND SOFTWARE CORP             COM      099849101      1807     415,500 SH        SOLE                   415,500
BRINKS CO                         COM      109696104      3746      67,040 SH        SOLE                    67,040
CEC ENTERTAINMENT INC             COM      125137109      6613     246,100 SH        SOLE                   246,100
CKE RESTAURANTS INC               COM      12561E105      5586     344,600 SH        SOLE                   344,600
CVS CAREMARK CORPORATION          COM      126650100      1815      45,800 SH   CALL SOLE                    45,800
CALGON CARBON CORP                COM      129603106      1054      75,500 SH        SOLE                    75,500
CALLIDUS SOFTWARE INC             COM      13123E500       762      88,600 SH        SOLE                    88,600
CHIPMOS TECHNOLOGIES              SHS      G2110R106       300      50,000 SH        SOLE                    50,000
CONNS INC                         COM      208242107      1216      50,900 SH        SOLE                    50,900
CONTANGO OIL & GAS CO          COM NEW     21075N204      4400     121,550 SH        SOLE                   121,550
CROWN HOLDINGS INC                COM      228368106      1650      72,500 SH        SOLE                    72,500
DSW INC                           CL A     23334L102      5706     226,700 SH        SOLE                   226,700
DAYSTAR TECHNOLOGIES INC          COM      23962Q100       524      99,954 SH        SOLE                    99,954
DEAN FOODS CO NEW                 COM      242370104      3737     146,100 SH        SOLE                   146,100
DEARBORN BANCORP INC              COM      24242R108       213      16,500 SH        SOLE                    16,500
DELIA'S INC                       COM      246911101      2640     561,800 SH        SOLE                   561,800
DENDREON CORP                     COM      24823Q107       115      15,000 SH        SOLE                    15,000
DONNELLEY RR & SONS CO            COM      257867101      1323      36,200 SH        SOLE                    36,200
EMERGENCY MED SVCS CORP           CL A     29100P102      1219      40,300 SH        SOLE                    40,300
ENERGY PARTNERS LTD               COM      29270U105      3815     259,900 SH        SOLE                   259,900
EXTREME NETWORKS INC              COM      30226D106       530     137,900 SH        SOLE                   137,900
</TABLE>

<PAGE>

<TABLE>
<S>                         <C>            <C>       <C>         <C>       <C>  <C>  <C>        <C>       <C>       <C>    <C>
FIRST ACCEPTANCE CORP             COM      318457108       879     174,072 SH        SOLE                   174,072
GENITOPE CORP                     COM      37229P507      1877     418,955 SH        SOLE                   418,955
GENTIVA HEALTH SERVICES INC       COM      37247A102      5922     308,300 SH        SOLE                   308,300
GTX INC DEL                       COM      40052B108      1888     116,000 SH        SOLE                   116,000
HFF INC                           CL A     40418F108      1833     154,400 SH        SOLE                   154,400
HAYNES INTL INC                 COM NEW    420877201       299       3,500 SH        SOLE                     3,500
HORNBECK OFFSHORE SVCS INC        COM      440543106      2125      57,900 SH        SOLE                    57,900
HOUSTON WIRE & CABLE CO           COM      44244K109       286      15,800 SH        SOLE                    15,800
ICAGEN INC                        COM      45104P104      1952     976,039 SH        SOLE                   976,039
INDEVUS PHARMACEUTICALS INC       COM      454072109       453      65,600 SH        SOLE                    65,600
INTEROIL CORP                     COM      460951106       619      19,600 SH        SOLE                    19,600
IOMEGA CORP                     COM NEW    462030305       341      65,000 SH        SOLE                    65,000
ISHARES TR                  RUSL 2000 VALU 464287630      3839      49,900 SH        SOLE                    49,900
KINDRED HEALTHCARE INC            COM      494580103       580      32,400 SH        SOLE                    32,400
LAWSON SOFTWARE INC NEW           COM      52078P102       994      99,300 SH        SOLE                    99,300
MANNATECH INC                     COM      563771104       105      13,000 SH        SOLE                    13,000
MENTOR GRAPHICS CORP              COM      587200106       522      34,600 SH        SOLE                    34,600
MICROMET INC                      COM      59509C105       361     182,151 SH        SOLE                   182,151
OMEGA PROTEIN CORP                COM      68219P107       501      55,400 SH        SOLE                    55,400
PARALLEL PETR CORP DEL            COM      699157103      1178      69,342 SH        SOLE                    69,342
PENN TREATY AMERICAN CORP       COM NEW    707874400      2948     504,800 SH        SOLE                   504,800
PENNEY JC CO INC                  COM      708160106      1711      27,000 SH        SOLE                    27,000
PENWEST PHARMACEUTICALS CO        COM      709754105      3631     329,800 SH        SOLE                   329,800
PERVASIVE SOFTWARE INC            COM      715710109      1892     399,100 SH        SOLE                   399,100
RADWARE LTD                       ORD      M81873107       532      33,900 SH        SOLE                    33,900
RASER TECHNOLOGIES INC            COM      754055101       322      25,000 SH        SOLE                    25,000
REALNETWORKS INC                  COM      75605L104       298      44,000 SH        SOLE                    44,000
REIS INC                          COM      75936P105      1291     174,100 SH        SOLE                   174,100
RESPONSE GENETICS INC             COM      76123U105       874     200,950 SH        SOLE                   200,950
RURAL/METRO CORP                  COM      781748108        76      23,490 SH        SOLE                    23,490
SPORT SUPPLY GROUP INC DEL        COM      84916A104      3131     348,242 SH        SOLE                   348,242
SYNTAX BRILLIAN CORP              COM      87163L103      1241     304,800 SH        SOLE                   304,800
TEKELEC INC                       COM      879101103       962      79,500 SH        SOLE                    79,500
TITANIUM METALS CORP            COM NEW    888339207      6081     181,200 SH        SOLE                   181,200
TITANIUM METALS CORP            COM NEW    888339207       211       6,300 SH   CALL SOLE                     6,300
TRI VALLEY CORP                   COM      895735108        84      11,000 SH        SOLE                    11,000
USEC INC                          COM      90333E108      2163     211,000 SH        SOLE                   211,000
VERISIGN INC                      COM      92343E102       820      24,300 SH        SOLE                    24,300
WASTE CONNECTIONS INC             COM      941053100      3967     124,900 SH        SOLE                   124,900
WORLD HEART CORP            COM PAR $0.001 980905301       463     181,570 SH        SOLE                   181,570
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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