0001047469-12-000953.txt : 20120214 0001047469-12-000953.hdr.sgml : 20120214 20120214101012 ACCESSION NUMBER: 0001047469-12-000953 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KKR Asset Management LLC CENTRAL INDEX KEY: 0001520692 IRS NUMBER: 201283596 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14775 FILM NUMBER: 12603417 BUSINESS ADDRESS: STREET 1: C/O KKR ASSET MANAGEMENT LLC STREET 2: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: (415) 315-3620 MAIL ADDRESS: STREET 1: C/O KKR ASSET MANAGEMENT LLC STREET 2: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 13F-HR 1 a2207300z13f-hr.txt 13F-HR ----------------------------- OMB APPROVAL ----------------------------- OMB Number: 3235-0006 Expires: August 31, 2012 Estimated average burden hours per response:..... 23.5 ----------------------------- 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: KKR Asset Management LLC ---------------------------------- Address: 555 California Street, 50th Floor ---------------------------------- San Francisco, CA 94104 ---------------------------------- Form 13F File Number: 28- --------------------- 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: Nicole Macarchuk ------------------------------- Title: General Counsel ------------------------------- Phone: (415) 315-6538 ------------------------------- Signature, Place, and Date of Signing: /s/ Nicole Macarchuk San Francisco, CA February 14, 2012 ------------------------------- ----------------- ----------------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 -------------------- Form 13F Information Table Entry Total: 46 -------------------- Form 13F Information Table Value Total: $267,292 -------------------- (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. No. Form 13F File Number Name 1 28-13533 Kohlberg Kravis Roberts & Co. L.P. ------ ----------------- ---------------------------------- 2 FORM 13F INFORMATION TABLE KKR ASSET MANAGEMENT LLC FOR QUARTER ENDED DECEMBER 31, 2011
Voting Authority Value (x SH/ Put/ Investment Other ---------------- Name of Issuer Title of Class CUSIP $1000) Shrs or prn amt PRN Call Discretion Managers Sole Shared None -------------- -------------- ----- ------ --------------- --- ---- ---------- -------- ---- ------ ---- 3M CO COM 88579Y101 2,852 34,900 SH SHARED-OTHER 1 34,900 AMAZON COM INC COM 023135106 4,812 27,800 SH SHARED-OTHER 1 27,800 AMERICAN TOWER CORP CL A 029912102 9,476 157,900 SH SHARED-OTHER 1 157,900 AMGEN INC COM 031162100 1,490 23,200 SH SHARED-OTHER 1 23,200 ANHEUSER-BUSCH INEV SA/NV SPONSORED ADR 03524A108 5,806 95,200 SH SHARED-OTHER 1 95,200 APPLE INC COM 37833100 6,399 15,800 SH SHARED-OTHER 1 15,800 BAKER HUGHES INC COM 057224107 3,030 62,300 SH SHARED-OTHER 1 62,300 BEAM INC COM 073730103 3,683 71,900 SH SHARED-OTHER 1 71,900 BERKSHIRE HATHWAY INC DEL CL B NEW 084670702 9,103 119,300 SH SHARED-OTHER 1 119,300 BOEING CO COM 097023105 8,377 114,200 SH SHARED-OTHER 1 114,200 BROWN-FORMAN CORP CL B 115637209 2,746 34,110 SH SHARED-OTHER 1 34,110 CENOVUS ENERGY INC COM 15135U109 6,066 179,300 SH SHARED-OTHER 1 179,300 COOPER INDUSTRIES PLC SHS G24140108 2,821 52,100 SH SHARED-OTHER 1 52,100 COSTCO WHSL CORP NEW COM 221160K105 8,390 100,700 SH SHARED-OTHER 1 100,700 CSX CORP COM 126408103 11,591 550,400 SH SHARED-OTHER 1 550,400
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Voting Authority Value (x SH/ Put/ Investment Other ---------------- Name of Issuer Title of Class CUSIP $1000) Shrs or prn amt PRN Call Discretion Managers Sole Shared None -------------- -------------- ----- ------ --------------- --- ---- ---------- -------- ---- ------ ---- CVS CAREMARK CORPORATION COM 126650100 6,916 169,600 SH SHARED-OTHER 1 169,600 DEERE & CO COM 244199105 8,377 108,300 SH SHARED-OTHER 1 108,300 E TRADE FINANCIAL CORP COM NEW 269246401 2,634 330,900 SH SHARED-OTHER 1 330,900 ENBRIDGE INC COM 29250N105 10,830 289,500 SH SHARED-OTHER 1 289,500 EXPEDIA INC DEL COM NEW 30212P303 4,127 142,200 SH SHARED-OTHER 1 142,200 EXPRESS INC COM 30219E103 2,164 108,505 SH SHARED-OTHER 1 108,505 FORTUNE BRANDS HOME & SEC IN COM 34964C106 1,514 88,900 SH SHARED-OTHER 1 88,900 FREEPORT-MCMORAN COPPER & GO COM 35671D857 5,982 162,600 SH SHARED-OTHER 1 162,600 GENERAL MTRS CO COM 37045V100 6,966 343,640 SH SHARED-OTHER 1 343,640 GENERAL MTRS CO *W EXP 07/10/201 37045V118 3,664 312,401 SH SHARED-OTHER 1 312,401 GENERAL MTRS CO *W EXP 07/10/201 37045V126 2,443 312,401 SH SHARED-OTHER 1 312,401 GENERAL MTRS CO JR PFD CNV SRB 37045V209 29,684 866,700 SH SHARED-OTHER 1 866,700 HSN INC COM 404303109 5,489 151,370 SH SHARED-OTHER 1 151,370 ISHARES TR HIGH YLD CORP 464288513 1,158 12,950 SH SHARED-OTHER 1 12,950 LIBERTY INTERACTIVE CORPORAT INT COM SER A 53071M104 5,836 359,904 SH SHARED-OTHER 1 359,904 MARATHON OIL CORP COM 565849106 3,337 114,000 SH SHARED-OTHER 1 114,000 MEADWESTVACO CORP COM 583334107 10,192 340,300 SH SHARED-OTHER 1 340,300
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Voting Authority Value (x SH/ Put/ Investment Other ---------------- Name of Issuer Title of Class CUSIP $1000) Shrs or prn amt PRN Call Discretion Managers Sole Shared None -------------- -------------- ----- ------ --------------- --- ---- ---------- -------- ---- ------ ---- METROPCS COMMUNICATIONS INC COM 591708102 3,007 346,400 SH SHARED-OTHER 1 346,400 MGM RESORTS INTERNATIONAL COM 552953101 1,116 107,000 SH SHARED-OTHER 1 107,000 MICRON TECHNOLOGY INC COM 595112103 8,806 1,400,000 SH CALL SHARED-OTHER 1 1,400,000 NOBLE CORPORATION BAAR NAMEN-AKT H5833N103 2,705 89,500 SH SHARED-OTHER 1 89,500 OMNICARE INC COM 681904108 5,374 156,000 SH SHARED-OTHER 1 156,000 PRECISION CASTPARTS CORP COM 740189105 13,793 83,700 SH SHARED-OTHER 1 83,700 ROWAN COS INC COM 779382100 2,769 91,300 SH SHARED-OTHER 1 91,300 SCHLUMBERGER LTD COM 806857108 2,924 42,800 SH SHARED-OTHER 1 42,800 SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 1,461 38,000 SH SHARED-OTHER 1 38,000 TRIPADVISOR INC COM 896945201 1,683 66,750 SH SHARED-OTHER 1 66,750 WABCO HLDGS INC COM 92927K102 7,135 164,400 SH SHARED-OTHER 1 164,400 WALTER ENERGY COM 93317Q105 4,136 68,300 SH SHARED-OTHER 1 68,300 WYNDHAM WORLDWIDE CORP COM 98310W108 6,790 179,500 SH SHARED-OTHER 1 179,500 YAHOO INC COM 984332106 7,638 473,500 SH SHARED-OTHER 1 473,500