13F-HR 1 shikiar4q1013f.txt 4Q 2010 13F HOLDINGS REPORT 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, 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 February 2, 2011 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: 68 Form 13F Information Table Value Total: $170150 (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 1359 55500 SH SOLE 55500 BAC CAP TR II GTD CAP SECS 7% PFD 055188205 1394 57150 SH SOLE 57150 CITIGROUP CAP VIII SECS 6.95% PFD 17306R204 774 32000 SH SOLE 32000 GENERAL MTRS CO JR PFD CONV SE PFD 37045V209 4294 79350 SH SOLE 79250 JPMORGAN CHASE SER Z 8% PFD 48124G104 2737 101700 SH SOLE 101700 MORGAN STANLEY CAP 5.75% PFD 617466206 1353 61850 SH SOLE 61850 PRIVATEBANCORP 10% CALLABLE 06 PFD 74272L208 1279 48300 SH SOLE 48300 REGION FING TR III 8.875% CALL PFD 7591EM107 920 36700 SH SOLE 36700 WELLS FARGO CAP PFD SECS 8.625 PFD 949829204 3482 126400 SH SOLE 126400 ZIONS BANCORP PREFERRED 9.5% PFD 989701503 2195 85750 SH SOLE 85750 ALPHA NATURAL RESOURCES SR NT CONV 02076XAA0 669 500000 PRN SOLE 500000 ADM TRONICS UNLIMITED COM 001004100 0 12000 SH SOLE 12000 ALCOA COM 013817101 6079 395000 SH SOLE 394400 ALLEGHENY TECHNOLOGIES COM 01741R102 1512 27400 SH SOLE 27300 ANADARKO PETROLEUM COM 032511107 9384 123215 SH SOLE 123115 APPLE COM 037833100 15926 49375 SH SOLE 49375 BANK OF AMERICA COM 060505104 640 48000 SH SOLE 47500 BEARD COM 07384R408 8 20296 SH SOLE 20296 BERKSHIRE HATHAWAY DEL CL A COM 084670108 602 5 SH SOLE 5 BERKSHIRE HATHAWAY DEL CL B NE COM 084670702 252 3150 SH SOLE 3150 BONAVISTA ENERGY TR UNIT ISIN# COM 098536105 675 23400 SH SOLE 23400 BRISTOL MYERS SQUIBB COM 110122108 731 27600 SH SOLE 27600 BUCKEYE PARTNERS L.P COM 118230101 334 5000 SH SOLE 5000 CHESAPEAKE ENERGY COM 165167107 2964 114400 SH SOLE 114000 CITIGROUP COM 172967101 612 129400 SH SOLE 129400 CITY NATIONAL COM 178566105 331 5400 SH SOLE 5400 CLIFFS NATURAL RESOURCES COM 18683K101 3167 40600 SH SOLE 40600 COSTCO WHSL COM 22160K105 404 5600 SH SOLE 5600 CVS CAREMARK COM 126650100 1031 29650 SH SOLE 29650 ENERPLUS CORPORATION COM 292766102 1752 56800 SH SOLE 56800 ENTERPRISE PRDS PARTNERS LP COM 293792107 312 7500 SH SOLE 7500 EXXON COM 30231G102 1534 20981 SH SOLE 20881 FORD MOTOR COM 345370860 1757 104646 SH SOLE 104646 FREEPORT MCMORAN COM 35671D857 11531 96019 SH SOLE 95919 GENERAL ELECTRIC COM 369604103 5123 280100 SH SOLE 279600 HEWLETT PACKARD COM 428236103 362 8600 SH SOLE 8600 HUNTINGTON BANCSHARES COM 446150104 240 35000 SH SOLE 35000 INCYTE COM 45337C102 2227 134500 SH SOLE 134500 INTERNATIONAL PAPER COM 460146103 6442 236500 SH SOLE 236300 JOHNSON & JOHNSON COM 478160104 242 3920 SH SOLE 3920 JPMORGAN CHASE COM 46625H100 2588 61000 SH SOLE 61000 KINDER MORGAN ENERGY PARTNERS COM 494550106 422 6000 SH SOLE 6000 LINC ENERGY COM Q5562Z103 397 150000 SH SOLE 150000 LINN ENERGY COM 536020100 8432 224900 SH SOLE 224700 MARKET VECTORS AGRIBUSINESS COM 57060U605 222 4150 SH SOLE 4150 MASSEY ENERGY CO COM COM 576206106 536 10000 SH SOLE 10000 MGM MIRAGE COM 552953101 260 17500 SH SOLE 17500 MORGAN STANLEY COM 617446448 2449 90000 SH SOLE 90000 NUCOR COM 670346105 3140 71650 SH SOLE 71550 ORACLE COM 68389X105 7037 224825 SH SOLE 224625 ORASURE TECHNOLOGIES COM 68554V108 356 62000 SH SOLE 62000 PENN WEST PETROLEUM LTD COM 707887105 266 11100 SH SOLE 11100 PETROQUEST ENERGY COM 716748108 136 18000 SH SOLE 18000 PROSHARES TR PROSHARES ULTRAPR COM 74347X856 227 11700 SH SOLE 11700 QEP RESOURCES COM 74733V100 2280 62800 SH SOLE 62800 RAPTOR PHARMACEUTICAL CORP COM COM 75382F106 91 25000 SH SOLE 25000 SOMAXON PHARMACEUTICALS COM 834453102 47 15000 SH SOLE 15000 SPDR GOLD TRUST COM 78463V107 12422 89550 SH SOLE 89475 TEVA PHARMACEUTICAL COM 881624209 10363 198800 SH SOLE 198600 ULTRALIFE BATTERIES COM 903899102 612 92600 SH SOLE 92600 VANGUARD EMERGING MARKETS ETF COM 922042858 253 5250 SH SOLE 5250 VERIZON COMMUNICATIONS COM 92343V104 730 20400 SH SOLE 20400 VIROPHARMA COM 928241108 2771 160000 SH SOLE 160000 VSB BANCORP COM 917927105 175 15217 SH SOLE 15217 WALTER ENERGY COM 93317Q105 5440 42550 SH SOLE 42450 WEBMD COM 94770V102 4390 85983 SH SOLE 85783 WESTERN GAS PARTNERS COM 958254104 5189 171250 SH SOLE 170950 WYNN RESORTS COM 983134107 2284 22000 SH SOLE 22000