0001286207-11-000007.txt : 20110516 0001286207-11-000007.hdr.sgml : 20110516 20110516161946 ACCESSION NUMBER: 0001286207-11-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 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: 11847137 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 wi1q11.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: 2011/3/31 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: 028-10869 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: /s/Arthur Lipson Salt Lake City, UT May 13, 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 Form 13F Information Table Entry Total: 69 Form 13F Information Table Value Total: $193,613 (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 108 12000 SH Sole 12000 0 0 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 6423 916257 SH Sole 916257 0 0 ARMOUR RESIDENTIAL REIT INC COM 042315101 449 59284 SH Sole 59284 0 0 BLACKROCK CREDIT ALL IN TR I COM SHS 09249V103 1119 106244 SH Sole 106244 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 2432 200686 SH Sole 200686 0 0 BLACKROCK CREDIT ALL INC TR COM 09255H105 1362 138566 SH Sole 138566 0 0 BLACKROCK CREDIT ALL INC TR COM 09255J101 321 35099 SH Sole 35099 0 0 BOULDER GROWTH & INCOME FD I COM 101507101 106 16101 SH Sole 16101 0 0 CALAMOS GBL DYN INCOME FUND COM 12811L107 508 58500 SH Sole 58500 0 0 CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 555 57032 SH Sole 57032 0 0 CAPLEASE INC COM 140288101 198 36200 SH Sole 36200 0 0 CENTRAL FD CDA LTD CL A 153501101 224 10000 SH Sole 10000 0 0 CENTRAL SECS CORP COM 155123102 486 20736 SH Sole 20736 0 0 CLOUGH GLOBAL EQUITY FD COM 18914C100 411 26743 SH Sole 26743 0 0 COLONY FINL INC COM 19624R106 198 10500 SH Sole 10500 0 0 CREXUS INVT CORP COM 226553105 2284 200000 SH Sole 200000 0 0 CYPRESS SHARPRIDGE INVTS INC COM 23281A307 1347 106200 SH Sole 106200 0 0 DCA TOTAL RETURN FD COM 233066109 49 12985 SH Sole 12985 0 0 DWS GLOBAL HIGH INCOME FD COM 23338W104 480 61592 SH Sole 61592 0 0 DWS HIGH INCOME OPPORT FD IN COM NEW 23339M204 13543 924447 SH Sole 924447 0 0 DYNEX CAP INC COM NEW 26817Q506 4838 480883 SH Sole 480883 0 0 EATON VANCE ENH EQTY INC FD COM 278277108 990 78271 SH Sole 78271 0 0 EATON VANCE ENHANCED EQ INC COM 278274105 1355 109800 SH Sole 109800 0 0 EATON VANCE RISK MNGD DIV EQ COM 27829G106 1140 88954 SH Sole 88954 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 4680 442384 SH Sole 442384 0 0 EATON VANCE TAX MNGED BUY WR COM 27828X100 1140 82370 SH Sole 82370 0 0 EATON VANCE TX ADV GLBL DIV COM 27828S101 168 11292 SH Sole 11292 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 5855 532270 SH Sole 532270 0 0 EATON VANCE TX MNG BY WRT OP COM 27828Y108 2457 190759 SH Sole 190759 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 2390 195110 SH Sole 195110 0 0 EQUUS TOTAL RETURN INC COM 294766100 66 25500 SH Sole 25500 0 0 EXXON MOBIL CORP COM 30231G102 210 2500 SH Sole 2500 0 0 H & Q LIFE SCIENCES INVS SH BEN INT 404053100 16278 1354243 SH Sole 1354243 0 0 HELIOS STRATEGIC MTG INCOME COM 42327M109 96 14812 SH Sole 14812 0 0 INTERVEST BANCSHARES CORP CL A 460927106 134 52500 SH Sole 52500 0 0 INVESCO CALI QLTY MUNI SEC COM 46130M107 190 16701 SH Sole 16701 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 219 10000 SH Sole 10000 0 0 INVESCO MUNI INCM OPP TRST I COM 46133A100 184 27961 SH Sole 27961 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 1608 43737 SH Sole 43737 0 0 JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 247 27160 SH Sole 27160 0 0 KAYNE ANDERSON MDSTM ENERGY COM 48661E108 241 9598 SH Sole 9598 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 129 24572 SH Sole 24572 0 0 LMP CAP & INCOME FD INC COM 50208A102 31307 2353930 SH Sole 2353930 0 0 MACQUARIE FT TR GB INF UT DI COM 55607W100 7351 463462 SH Sole 463462 0 0 MCG CAPITAL CORP COM 58047P107 5449 835732 SH Sole 835732 0 0 MFA FINANCIAL INC COM 55272X102 82 10000 SH Sole 10000 0 0 MVC CAPITAL INC COM 553829102 21148 1541364 SH Sole 1541364 0 0 NEWCASTLE INVT CORP COM 65105M108 3654 605000 SH Sole 605000 0 0 NUVEEN INS CA TX FR ADV MUN COM 670651108 231 19888 SH Sole 19888 0 0 NUVEEN MULT CURR ST GV INCM COM 67090N109 1140 81743 SH Sole 81743 0 0 NUVEEN MULTI STRAT INC & GR COM 67073B106 1035 121855 SH Sole 121855 0 0 NUVEEN MULTI STRAT INC GR FD COM SHS 67073D102 959 107118 SH Sole 107118 0 0 NUVEEN PREMIER MUN INCOME FD COM 670988104 186 14672 SH Sole 14672 0 0 NUVEEN TAX ADVANTAGED DIV GR COM 67073G105 482 36223 SH Sole 36223 0 0 RIVERSOURCE LASALLE INTL R/E COM 76932W102 5329 539905 SH Sole 539905 0 0 ROYCE FOCUS TR COM 78080N108 350 41906 SH Sole 41906 0 0 ROYCE MICRO-CAP TR INC COM 780915104 1652 161349 SH Sole 161349 0 0 ROYCE VALUE TR INC COM 780910105 2174 141269 SH Sole 141269 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 570 34756 SH Sole 34756 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 420 3000 SH Sole 3000 0 0 SPECIAL OPPORTUNITIES FD INC COM 84741T104 431 28179 SH Sole 28179 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 1137 56802 SH Sole 56802 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 2328 128142 SH Sole 128142 0 0 TICC CAPITAL CORP COM 87244T109 474 43600 SH Sole 43600 0 0 TS&W CLAYMORE TAX ADVNTG BL COM 87280R108 10460 950038 SH Sole 950038 0 0 WESTERN ASSET WORLDWIDE INCO COM 957668106 354 27149 SH Sole 27149 0 0 WESTERN ASST MN PRT FD INC COM 95766P108 224 16943 SH Sole 16943 0 0 ZWEIG FD COM 989834106 107 29760 SH Sole 29760 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 17361 5003170 SH Sole 5003170 0 0