-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RWltHZZzmEAeUp9XRH29DHb5jsWkrS654U1qTIhAzROaEgba8nZPQQVmhULQ7G3Y s8Q+xEhClgq5VZAglRA/bQ== 0001286207-11-000002.txt : 20110214 0001286207-11-000002.hdr.sgml : 20110214 20110214174202 ACCESSION NUMBER: 0001286207-11-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN INVESTMENT LLC CENTRAL INDEX KEY: 0001286207 IRS NUMBER: 870623442 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10869 FILM NUMBER: 11608150 BUSINESS ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 801-568-1400 MAIL ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 13F-HR 1 wi4q10.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/10 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: Western Investment LLC Address: 7050 South Union Park Center, Ste 590 Midvale, UT 84047 13F File Number: 28-10869 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: Arthur Lipson Title: Managing Member Phone: 801-568-1400 Signature, Place, and Date of Signing: Arthur Lipson Salt Lake City, UT February 11, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 83 Form13F Information Table Value Total: $172,630 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. 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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ADVANTAGE OIL & GAS LTD COM 00765F101 82 12000 SH Sole 12000 0 0 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 6729 949148 SH Sole 949148 0 0 BLACKROCK CREDIT ALL IN TR I COM SHS 09249V103 823 78235 SH Sole 78235 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 2727 225392 SH Sole 225392 0 0 BLACKROCK CREDIT ALL INC TR COM 09255H105 1304 132623 SH Sole 132623 0 0 BLACKROCK CREDIT ALL INC TR COM 09255J101 429 46880 SH Sole 46880 0 0 BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 544 53509 SH Sole 53509 0 0 BOULDER GROWTH & INCOME FD I COM 101507101 100 16101 SH Sole 16101 0 0 CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 412 32573 SH Sole 32573 0 0 CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 974 105190 SH Sole 105190 0 0 CAPLEASE INC COM 140288101 690 118600 SH Sole 118600 0 0 CENTRAL SECS CORP COM 155123102 468 21286 SH Sole 21286 0 0 CLAYMORE DIVID & INCOME FD COM 18385J105 642 42761 SH Sole 42761 0 0 CLOUGH GLOBAL EQUITY FD COM 18914C100 401 26508 SH Sole 26508 0 0 COHEN & STEERS INFRASTRUCTUR COM 19248A109 2790 169937 SH Sole 169937 0 0 CORNERSTONE STRATEGIC VALUE COM NEW 21924B203 135 15223 SH Sole 15223 0 0 CYPRESS SHARPRIDGE INVTS INC COM 23281A307 452 35000 SH Sole 35000 0 0 DOW 30SM ENHANCED PREM & INC COM 260537105 126 12130 SH Sole 12130 0 0 DWS GLOBAL HIGH INCOME FD COM 23338W104 485 62145 SH Sole 62145 0 0 DWS HIGH INCOME OPPORT FD IN COM NEW 23339M204 13170 935347 SH Sole 935347 0 0 DWS RREEF WRLD REAL ESTATE F COM NEW 23339T209 9162 502041 SH Sole 502041 0 0 DWS STRATEGIC INCOME TR SHS 23338N104 354 27901 SH Sole 27901 0 0 DYNEX CAP INC COM NEW 26817Q506 5462 500156 SH Sole 500156 0 0 EATON VANCE ENH EQTY INC FD COM 278277108 1672 136967 SH Sole 136967 0 0 EATON VANCE ENHANCED EQ INC COM 278274105 1358 107400 SH Sole 107400 0 0 EATON VANCE RISK MNGD DIV EQ COM 27829G106 1131 85183 SH Sole 85183 0 0 EATON VANCE TAX ADVT DIV INC COM 27828G107 559 33805 SH Sole 33805 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 4619 438652 SH Sole 438652 0 0 EATON VANCE TAX MNGED BUY WR COM 27828X100 1119 77653 SH Sole 77653 0 0 EATON VANCE TX ADV GLBL DIV COM 27828S101 293 20792 SH Sole 20792 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 5287 467428 SH Sole 467428 0 0 EATON VANCE TX MNG BY WRT OP COM 27828Y108 2782 212681 SH Sole 212681 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 2300 187751 SH Sole 187751 0 0 EQUUS TOTAL RETURN INC COM 294766100 64 25500 SH Sole 25500 0 0 FIRST TR STRAT HGH INC FD II COM 33735C106 75 17172 SH Sole 17172 0 0 GABELLI DIVD & INCOME TR COM 36242H104 463 30157 SH Sole 30157 0 0 GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 6126 746213 SH Sole 746213 0 0 GABELLI HLTHCARE & WELLNESS SHS 36246K103 104 14595 SH Sole 14595 0 0 H & Q HEALTHCARE FD SH BEN INT 404052102 372 27810 SH Sole 27810 0 0 H & Q LIFE SCIENCES INVS SH BEN INT 404053100 9175 851859 SH Sole 851859 0 0 HELIOS STRATEGIC MTG INCOME COM 42327M109 92 14812 SH Sole 14812 0 0 HERCULES TECH GROWTH CAP INC COM 427096508 155 15000 SH Sole 15000 0 0 HORIZON TECHNOLOGY FIN CORP COM 44045A102 748 51820 SH Sole 51820 0 0 ING GLOBAL EQTY DIV & PREM O COM 45684E107 253 23300 SH Sole 23300 0 0 INTERVEST BANCSHARES CORP CL A 460927106 178 60800 SH Sole 60800 0 0 INVESCO CALI QLTY MUNI SEC COM 46130M107 193 16400 SH Sole 16400 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 218 10000 SH Sole 10000 0 0 INVESCO MUNI INCM OPP TRST I COM 46133A100 87 12792 SH Sole 12792 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 844 27952 SH Sole 27952 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 130 26372 SH Sole 26372 0 0 LMP CAP & INCOME FD INC COM 50208A102 19713 1583344 SH Sole 1583344 0 0 MACQUARIE FT TR GB INF UT DI COM 55607W100 4980 343889 SH Sole 343889 0 0 MCG CAPITAL CORP COM 58047P107 2560 367309 SH Sole 367309 0 0 MVC CAPITAL INC COM 553829102 22318 1528664 SH Sole 1528664 0 0 NFJ DIVID INT & PREM STRTGY COM SHS 65337H109 1220 69679 SH Sole 69679 0 0 NUVEEN ARIZ DIVID ADVANTAG M COM SH BEN INT 67069L100 153 12472 SH Sole 12472 0 0 NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 122 11200 SH Sole 11200 0 0 NUVEEN INS CA TX FR ADV MUN COM 670651108 205 16800 SH Sole 16800 0 0 NUVEEN MULT CURR ST GV INCM COM 67090N109 3078 223562 SH Sole 223562 0 0 NUVEEN MULTI STRAT INC & GR COM 67073B106 1014 121455 SH Sole 121455 0 0 NUVEEN MULTI STRAT INC GR FD COM SHS 67073D102 930 105725 SH Sole 105725 0 0 NUVEEN QUALITY PFD INCOME FD COM 67071S101 211 28500 SH Sole 28500 0 0 NUVEEN QUALITY PFD INCOME FD COM 67072C105 371 46944 SH Sole 46944 0 0 NUVEEN TAX ADV FLTG RATE FUN COM 6706EV102 32 14800 SH Sole 14800 0 0 NUVEEN TAX ADVANTAGED DIV GR COM 67073G105 471 36223 SH Sole 36223 0 0 NUVEEN TX ADV TOTAL RET STRG COM 67090H102 127 11301 SH Sole 11301 0 0 PIMCO INCOME OPPORTUNITY FD COM 72202B100 1917 74893 SH Sole 74893 0 0 PIMCO INCOME STRATEGY FUND I COM 72201J104 269 27151 SH Sole 27151 0 0 RIVERSOURCE LASALLE INTL R/E COM 76932W102 5482 583233 SH Sole 583233 0 0 ROYCE FOCUS TR COM 78080N108 94 12406 SH Sole 12406 0 0 ROYCE MICRO-CAP TR INC COM 780915104 1566 159749 SH Sole 159749 0 0 ROYCE VALUE TR INC COM 780910105 1976 135888 SH Sole 135888 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 554 34756 SH Sole 34756 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 487 3510 SH Sole 3510 0 0 SPECIAL OPPORTUNITIES FD INC COM 84741T104 265 17948 SH Sole 17948 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 607 34605 SH Sole 34605 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 1134 72018 SH Sole 72018 0 0 TORTOISE MLP FD INC COM 89148B101 1294 53392 SH Sole 53392 0 0 TS&W CLAYMORE TAX ADVNTG BL COM 87280R108 8485 805033 SH Sole 805033 0 0 WESTERN ASSET EMRG MKT DEBT COM 95766A101 534 29156 SH Sole 29156 0 0 WESTERN ASSET WORLDWIDE INCO COM 957668106 248 18611 SH Sole 18611 0 0 ZWEIG FD COM 989834106 403 120318 SH Sole 120318 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 952 267342 SH Sole 267342 0 0
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