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
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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
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Address: 555 California Street, 50th Floor
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San Francisco, CA 94104
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Form 13F File Number: 28-
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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
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Title: General Counsel
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Phone: (415) 315-6538
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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
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(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.
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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
3
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
4
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