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 [  ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:      STANDARD PACIFIC CAPITAL LLC
Address:  101 CALIFORNIA STREET, 36TH FLR
          SAN FRANCISCO, CA 94111

13 File Number: 28-6046

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
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:      G. Douglas Dillard, Jr
Title:     Co-Managing Partner
Phone:
Signature, Place and Date of Signing:

    G. Douglas Dillard, Jr  January 31, 2012


Report Type (Check only one.):
[ X]        13F HOLDINGS REPORT.
[  ]        13F NOTICE.
[  ]        13F COMBINATION REPORT.


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934

                           FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         1

Form 13F Information Table Entry Total:    23

Form 13F Information Table Value Total:    1023855



List of Other Included Managers:

 No.  13F File Number     Name

 01   28-6046             STANDARD PACIFIC CAPITAL L.L.C

               
                                                                FORM 13F INFORMATION TABLE
                                                              VALUE   SHARES/ SH/ PUT/ INVSTMT   OTHER        VOTING AUTHORITY
           NAME OF ISSUER        TITLE OF CLASS     CUSIP   x($1000) PRN AMT  PRN CALL DISCRETN MANAGERS   SOLE    SHARED    NONE
  ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D 21VIANET GROUP INC- ADR        ADRS STOCKS      90138A103     8287   905684 SH       SOLE     01          905684        0        0
D AIR LEASE CORP  COM STK        COMMON STOCK     00912X302    35533  1498650 SH       SOLE     01         1498650        0        0
D ALLEGHENY TECHNOLOGI ES INC CO COMMON STOCK     01741R102    39410   824469 SH       SOLE     01          824469        0        0
D APOLLO GROUP INC CL A COM STK  COMMON STOCK     037604105    41547   771247 SH       SOLE     01          771247        0        0
D AXIS CAPITAL HLDGS             COMMON STOCK     G0692U109    45793  1432819 SH       SOLE     01         1432819        0        0
D BLOCK H & R INC  COM STK       COMMON STOCK     093671105    61808  3784934 SH       SOLE     01         3784934        0        0
D CABOT CORP  COM STK            COMMON STOCK     127055101    56733  1765169 SH       SOLE     01         1765169        0        0
D CARPENTER TECHNOLOGY  CORP COM COMMON STOCK     144285103    61697  1198475 SH       SOLE     01         1198475        0        0
D CELANESE CORP SER A            COMMON STOCK     150870103    43150   974704 SH       SOLE     01          974704        0        0
D CROCS INC  COM STK             COMMON STOCK     227046109    43612  2952731 SH       SOLE     01         2952731        0        0
D DISCOVER FINANCIAL S ERVICES   COMMON STOCK     254709108    62227  2592800 SH       SOLE     01         2592800        0        0
D EQUINIX INC  COM STK           COMMON STOCK     29444U502    34616   341377 SH       SOLE     01          341377        0        0
D FOCUS MEDIA HLDG LTD  ADR      ADRS STOCKS      34415V109    61603  3160744 SH       SOLE     01         3160744        0        0
D FOOT LOCKER INC  COM STK       COMMON STOCK     344849104    42317  1775035 SH       SOLE     01         1775035        0        0
D GOLD FIELDS LTD NEW  ADR       ADRS STOCKS      38059T106    36061  2364626 SH       SOLE     01         2364626        0        0
D INFORMATICA CORP  COM STK      COMMON STOCK     45666Q102    58332  1579521 SH       SOLE     01         1579521        0        0
D MELCO PBL ENTMT MACA U LTD ADR ADRS STOCKS      585464100    59220  6155915 SH       SOLE     01         6155915        0        0
D PARTNERRE LIMITED BERMUDA      COMMON STOCK     G6852T105    48476   754961 SH       SOLE     01          754961        0        0
D RITE AID CORP  COM STK         COMMON STOCK     767754104    52605 41749931 SH       SOLE     01        41749931        0        0
D ROCK-TENN CO CL A COM STK      COMMON STOCK     772739207    22702   393450 SH       SOLE     01          393450        0        0
D SINA CORP COM SHS              COMMON STOCK     G81477104    12172   234086 SH       SOLE     01          234086        0        0
D UNIVERSAL DISPLAY CO RP COM ST COMMON STOCK     91347P105    54940  1497400 SH       SOLE     01         1497400        0        0
D XL GROUP PUBLIC LIMITED COMPAN COMMON STOCK     G98290102    41014  2074570 SH       SOLE     01         2074570        0        0
S REPORT SUMMARY                 23 DATA RECORDS             1023855        1 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED