13F-HR 1 cany3q2011.txt CANYON CAPITAL ADVISORS LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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: Canyon Capital Advisors LLC Address: 2000 Avenue of the Stars, 11th Floor Los Angeles, CA 90067 13F File Number: 028-07392 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: John Simpson Title: Chief Operating Officer Phone: (310) 247-2700 Signature, Place, and Date of Signing: /s/ John Simpson Los Angeles, CA October 31, 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: 66 Form 13F Information Table Value Total: $723,262 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCURIDE CORP NEW COM NEW 00439T206 1983 387242 SH DEFINED 387242 0 0 AMKOR TECHNOLOGY INC COM 031652100 15310 3511474 SH DEFINED 3511474 0 0 ARROW ELECTRS INC COM 042735100 2430 87472 SH DEFINED 87472 0 0 AVNET INC COM 053807103 2346 89964 SH DEFINED 89964 0 0 BANK OF AMERICA CORPORATION COM 060505104 147 3669100 PRN CALL DEFINED 0 0 0 BELO CORP COM SER A 080555105 19422 3971735 SH DEFINED 3971735 0 0 BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 11703 15500000 PRN DEFINED 15500000 0 0 CEMEX SA EURO MTN BE DEBT 3.250% 3/1 P2253THV4 2338 5000000 PRN DEFINED 5000000 0 0 CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 11844 25000000 PRN DEFINED 25000000 0 0 CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 24150 35000000 PRN DEFINED 35000000 0 0 CHEMTURA CORP COM NEW 163893209 54243 5408050 SH DEFINED 5408050 0 0 CIT GROUP INC COM NEW 125581801 9185 302426 SH DEFINED 302426 0 0 CITIGROUP INC COM NEW 172967424 13751 536841 SH DEFINED 536841 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 38888 4154725 SH DEFINED 4154725 0 0 CORRECTIONS CORP AMER NEW COM NEW 22025Y407 17572 774440 SH DEFINED 774440 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 358 47796 SH DEFINED 47796 0 0 DEVRY INC DEL COM 251893103 30122 814977 SH DEFINED 814977 0 0 DRYSHIPS INC. 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