13F-HR 1 shikiar2q1013f.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: June 30, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ x] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Shikiar Asset Management, Inc. Address: 1633 Broadway 9th Floor New York, NY 10019 13F File Number: 028-07060 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Stuart A. Shikiar Title: President Phone: 212-888-6565 Signature, Place, and Date of Signing: Stuart A. Shikiar New York, New York July 30, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: 0 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 70 Form 13F Information Table Value Total: $123898 (x1000) List of Other Included Managers: 0 No. 13F File Number Name 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ASBC CAP TR I ORIG SEC QTLY 7. PFD 00209E207 1180 54100 SH SOLE 54100 BAC CAP TR II GTD CAP SECS 7% PFD 055188205 1260 56150 SH SOLE 56150 CITIGROUP CAP VIII SECS 6.95% PFD 17306R204 382 17500 SH SOLE 17500 JPMORGAN CHASE SER Z 8% PFD 48124G104 2286 86600 SH SOLE 86600 MORGAN STANLEY CAP 5.5% PFD 617466206 1219 60850 SH SOLE 60850 PRIVATEBANCORP 10% CALLABLE 06 PFD 74272L208 375 14800 SH SOLE 14800 REGION FING TR III 8.875% CALL PFD 7591EM107 512 20500 SH SOLE 20500 WELLS FARGO CAP PFD SECS 8.625 PFD 949829204 2821 103500 SH SOLE 103500 ZIONS BANCORPORATION PERP SER PFD 989701503 1594 67550 SH SOLE 67550 ALPHA NATURAL RESOURCES SR NT CONV 02076XAA0 512 500000 PRN SOLE 500000 ADM TRONICS UNLIMITED COM 001004100 0 12000 SH SOLE 12000 ALCOA COM 013817101 3288 326800 SH SOLE 326200 ANADARKO PETROLEUM COM 032511107 5133 142215 SH SOLE 142115 APPLE COM 037833100 11734 46650 SH SOLE 46650 BANK OF AMERICA COM 060505104 445 31000 SH SOLE 31000 BEARD COM 07384R408 36 23296 SH SOLE 23296 BERKSHIRE HATHAWAY DEL CL A COM 084670108 600 5 SH SOLE 5 BERKSHIRE HATHAWAY DEL CL B NE COM 084670702 271 3400 SH SOLE 3400 BLACKHAWK CAP GROUP BDC COM 09236T103 9 170523 SH SOLE 170523 BONAVISTA ENERGY TR COM 098536105 825 38500 SH SOLE 38500 BRISTOL MYERS SQUIBB COM 110122108 1067 42800 SH SOLE 42800 BUCKEYE PARTNERS L.P COM 118230101 295 5000 SH SOLE 5000 CHESAPEAKE ENERGY COM 165167107 2094 99950 SH SOLE 99750 CITIGROUP COM 172967101 382 101500 SH SOLE 101500 CITY NATIONAL COM 178566105 651 12700 SH SOLE 12700 CKX INC. COM 12562M106 60 12000 SH SOLE 12000 CLIFFS NATURAL RESOURCES COM 18683K101 2122 45000 SH SOLE 45000 COSTCO WHSL COM 22160K105 406 7400 SH SOLE 7400 CVS CAREMARK COM 126650100 3957 134950 SH SOLE 134850 D R HORTON COM 23331A109 1308 133100 SH SOLE 132600 DEVON ENERGY COM 25179M103 366 6000 SH SOLE 6000 ENERPLUS RESOURCES FUND COM 29274D604 912 42300 SH SOLE 42300 ENTERPRISE PRDS PARTNERS LP COM 293792107 265 7500 SH SOLE 7500 EXXON COM 30231G102 1808 31681 SH SOLE 31581 FREEPORT MCMORAN COM 35671D857 4241 71719 SH SOLE 71669 GENERAL ELECTRIC COM 369604103 5293 367060 SH SOLE 366560 GMP COMPANIES COM 380998948 0 13821 SH SOLE 13821 GMP COMPANIES SERIES A-1 CONV COM xx9n45025 3 29740 SH SOLE 29740 HEWLETT PACKARD COM 428236103 6266 144780 SH SOLE 144580 INCYTE COM 45337C102 1378 124500 SH SOLE 124500 INTELLIGROUP COM 45816A106 79 17050 SH SOLE 17050 INTERNATIONAL BUSINESS MACHS COM 459200101 213 1725 SH SOLE 1725 JOHNSON & JOHNSON COM 478160104 1476 24993 SH SOLE 24793 JPMORGAN CHASE COM 46625H100 1450 39600 SH SOLE 39600 KINDER MORGAN ENERGY PARTNERS COM 494550106 390 6000 SH SOLE 6000 LINC ENERGY COM Q5562Z103 102 100000 SH SOLE 100000 LINN ENERGY COM 536020100 4498 169400 SH SOLE 169400 MARKET VECTORS AGRIBUSINESS COM 57060U605 875 24150 SH SOLE 24150 MARKET VECTORS ETF TR STEEL ET COM 57060U308 1848 35150 SH SOLE 35050 MORGAN STANLEY COM 617446448 2317 99813 SH SOLE 99813 NATIONAL PATENT DEV COM 637132101 37 25000 SH SOLE 25000 ORACLE COM 68389X105 3558 165796 SH SOLE 165796 ORASURE TECHNOLOGIES COM 68554V108 285 61500 SH SOLE 61500 PENN WEST ENERGY TRUST COM 707885109 259 13600 SH SOLE 13600 PETROQUEST ENERGY COM 716748108 122 18000 SH SOLE 18000 PROSHARES TR PROSHARES ULTRAPR COM 74347X856 673 17100 SH SOLE 17100 QUESTAR COM 748356102 2930 64400 SH SOLE 64400 RESEARCH IN MOTION COM 760975102 1140 23150 SH SOLE 23150 SOMAXON PHARMACEUTICALS COM 834453102 54 15000 SH SOLE 15000 SPDR GOLD TRUST COM 78463V107 9826 80750 SH SOLE 80675 TEVA PHARMACEUTICAL COM 881624209 9538 183450 SH SOLE 183250 ULTRALIFE BATTERIES COM 903899102 365 85000 SH SOLE 85000 VANGUARD EMERGING MARKETS ETF COM 922042858 207 5450 SH SOLE 5450 VERIZON COMMUNICATIONS COM 92343V104 591 21100 SH SOLE 21100 VIROPHARMA COM 928241108 1794 160000 SH SOLE 160000 VSB BANCORP COM 917927105 167 15217 SH SOLE 15217 WALTER ENERGY COM 93317Q105 2477 40700 SH SOLE 40700 WEBMD COM 94770V102 4178 89983 SH SOLE 89783 WESTERN GAS PARTNERS COM 958254104 3415 153850 SH SOLE 153550 WYNN RESORTS COM 983134107 1678 22000 SH SOLE 22000