13F-HR 1 form13f_hr.txt JL ADVISORS LLC 13F-HR 12-31-2006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year Ended: 12/31/06 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: JL Advisors, LLC ---------------- Address: 400 Madison Avenue, 5th Floor New York, NY 10017 Form 13F File Number: 28-5227 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: Michael Lewittes Title: Managing Member Phone: (212) 593-2392 Signature, Place, and Date of Signing: Michael Lewittes New York, NY 2/13/2007 [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).) 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: NONE Form 13F Information Table Entry Total: 49 Form 13F Information Table Value Total: $1,972,330 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 28- ---------- ---------------- ---------------------------- [Repeat as necessary.] NONE
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 DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ---- ADVANCED MAGNETICS INC COM 00753P103 9077 152000 SH SOLE 152000 0 0 ALTRIA GROUP INC COM 02209S103 136437 1589807 SH SOLE 1589807 0 0 ANHEUSER BUSCH COS INC COM 035229103 81961 1665876 SH SOLE 1665876 0 0 APPLEBEES INTL INC COM 037899101 37005 1500000 SH SOLE 1500000 0 0 AVON PRODS INC COM 054303102 85425 2585500 SH SOLE 2585500 0 0 BARR PHARMACEUTICALS INC COM 068306109 10159 202691 SH SOLE 202691 0 0 BEST BUY INC CALL 086516901 18423 4005000 CALL SOLE 4005000 0 0 BJS WHOLESALE CLUB INC COM 05548J106 21180 680800 SH SOLE 680800 0 0 BRUNSWICK CORP COM 117043109 45190 1416617 SH SOLE 1416617 0 0 BURGER KING HLDGS INC COM 121208201 9527 451500 SH SOLE 451500 0 0 CENTRAL GARDEN & PET CO COM 153527106 42590 879600 SH SOLE 879600 0 0 CKE RESTAURANTS INC COM 12561E105 23495 1276894 SH SOLE 1276894 0 0 CKX INC COM 12562M106 18510 1577982 SH SOLE 1577982 0 0 CLAIRES STORES INC COM 179584107 16570 500000 SH SOLE 500000 0 0 DENDREON CORP COM 24823Q107 5679 1361955 SH SOLE 1361955 0 0 DOLLAR GEN CORP COM 256669102 37722 2348790 SH SOLE 2348790 0 0 EGL INC COM 268484102 9048 303838 SH SOLE 303838 0 0 ENDEAVOR ACQUISITION CORP COM 292577103 7233 787100 SH SOLE 787100 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 29569 1072100 SH SOLE 1072100 0 0 GAMESTOP CORP NEW CL B 36467W208 52485 958447 SH SOLE 958447 0 0 GUITAR CTR MGMT INC COM 402040109 46865 1030900 SH SOLE 1030900 0 0 HILTON HOTELS CORP CALL 432848909 4420 850000 CALL SOLE 850000 0 0 HOUSTON EXPL CO COM 442120101 28118 543025 SH SOLE 543025 0 0 HUNT J B TRANS SVCS INC COM 445658107 8249 397152 SH SOLE 397152 0 0 ICO GLOBAL COMM HLDGS LTD DE CL A 44930K108 8661 1895102 SH SOLE 1895102 0 0 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 110575 5126324 SH SOLE 5126324 0 0 LIMITED BRANDS INC COM 532716107 135376 4677825 SH SOLE 4677825 0 0 MAGELLAN HEALTH SVCS INC COM NEW 559079207 53454 1236799 SH SOLE 1236799 0 0 MARTIN MARIETTA MATLS INC CALL 573284906 19852 757700 CALL SOLE 757700 0 0 MULTIMEDIA GAMES INC COM 625453105 5555 578668 SH SOLE 578668 0 0 NEW RIV PHARMACEUTICALS INC COM 648468205 5488 100310 SH SOLE 100310 0 0 NRG ENERGY INC COM NEW 629377508 100262 1790077 SH SOLE 1790077 0 0 PHILLIPS VAN HEUSEN CORP COM 718592108 46736 931545 SH SOLE 931545 0 0 RADIOSHACK CORP COM 750438103 46791 2788500 SH SOLE 2788500 0 0 RCN CORP COM NEW 749361200 8519 282550 SH SOLE 282550 0 0 REGAL ENTMT GROUP CL A 758766109 18055 846845 SH SOLE 846845 0 0 ROSS STORES INC COM 778296103 135246 4615895 SH SOLE 4615895 0 0 SHIRE PLC CALL 82481R906 24059 1665000 CALL SOLE 1665000 0 0 SPDR TR PUT 78462F953 3150 1500000 PUT SOLE 1500000 0 0 STARWOOD HOTELS & RESORTS WRLD COM 85590A401 120511 1928181 SH SOLE 1928181 0 0 STARWOOD HOTELS & RESORTS WRLD CALL 85590A901 1950 250000 CALL SOLE 250000 0 0 SUPERVALU INC COM 868536103 132683 3711400 SH SOLE 3711400 0 0 TIFFANY & CO NEW COM 886547108 34782 886400 SH SOLE 886400 0 0 TIMBERLAND CO CL A 887100105 16052 508300 SH SOLE 508300 0 0 U S AIRWAYS GROUP INC CALL 90341W908 2275 350000 CALL SOLE 350000 0 0 UAL CORP CALL 902549907 9045 994000 CALL SOLE 994000 0 0 UAL CORP COM NEW 902549807 8284 188273 SH SOLE 188273 0 0 WENDYS INTL INC COM 950590109 130510 3944099 SH SOLE 3944099 0 0 WINN DIXIE STORES INC COM NEW 974280307 9522 705300 SH SOLE 705300 0 0