13F-HR 1 d350977d13fhr.txt FORM 13F-HR ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 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: Permit Capital, LLC Address: One Tower Bridge 100 Front Street, Suite 900 West Conshohocken, PA 19428 Form 13F File Number: 28-11062 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: Paul A. Frick Title: Vice President Phone: (610) 941-5006 Signature, Place, and Date of Signing: /s/ Paul A. Frick West Conshohocken, PA 5/14/12 _______________________ ________________________ _______________________ [Signature] [City, State] [Date] Report Type (Check only one.): [_] 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).) [X] 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).) List of Other Managers Reporting for this Manager: No. Form 13F File Number Name 1 28-2635 Gardner Russo & Gardner 2 28-1646 SASCO Capital, Inc. ================================================================================ FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 66 Form 13F Information Table Value Total: $106,353 (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 3 28-11063 Permit Capital GP, L.P.
VALUE SHRS OR SHR/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1,000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- --------- --------- --------- ---- ---- ---------- -------- ---- ------ ---- CITIGROUP INC COM NEW 172967424 2,972 81,317 SH OTHER 3 X DELL INC COM 24702R101 2,215 133,459 SH OTHER 3 X FLOWSERVE CORP COM 34354P105 1,631 14,120 SH OTHER 3 X GAMESTOP CORP CLASS A NEW 36467W109 1,311 60,015 SH OTHER 3 X GENERAL ELECTRIC COM 369604103 2,301 114,631 SH OTHER 3 X GOLDMAN SACHS GROUP INC COM 38141G104 2,624 21,100 SH OTHER 3 X GOOGLE INC CLASS A 38259P508 2,116 3,300 SH OTHER 3 X INTERDIGITAL CORP COM 45867G101 732 21,000 SH OTHER 3 X JOHNSON & JOHNSON COM 478160104 2,797 42,400 SH OTHER 3 X LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 3,395 177,823 SH OTHER 3 X MASTERCARD INC CLASS A 57636Q104 1,262 3,000 SH OTHER 3 X MCKESSON CORP COM 58155Q103 3,177 36,200 SH OTHER 3 X MICROSOFT CORP COM 594918104 3,184 98,700 SH OTHER 3 X NEWCASTLE INVESTMENT CORP COM 65105M108 771 122,715 SH OTHER 3 X NOBLE CORP COM H5833N103 1,441 38,450 SH OTHER 3 X ORACLE INC COM 68389X105 1,753 60,100 SH OTHER 3 X PHILIP MORRIS INTL INC COM 718172109 1,692 19,100 SH OTHER 3 X SBA COMMUNICATIONS CORP COM 78388J106 52,472 1,032,703 SH OTHER 3 X SPRINT NEXTEL CORP COM SER 1 852061100 1,454 510,111 SH OTHER 3 X VIACOM INC CLASS B 92553P201 1,500 31,600 SH OTHER 3 X VODAFONE GROUP PLC SPONS ADR NEW 92857W209 1,917 69,275 SH OTHER 3 X WILLIAMS COS INC DEL COM 969457100 1,232 40,000 SH OTHER 3 X -- ALTRIA GROUP INC COM 02209S103 548 17,750 SH OTHER 1,3 X ANNHEUSER BUSCH INBEV SA/NV SPONS ADR 03524A108 564 7,750 SH OTHER 1,3 X BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,341 11 SH OTHER 1,3 X BERKSHIRE HATHAWAY INC DEL CL B 084670702 61 750 SH OTHER 1,3 X BROWN FORMAN CORP CL A 115637100 347 4,250 SH OTHER 1,3 X COMCAST CORP NEW CL A SPL 20030N200 251 8,500 SH OTHER 1,3 X MARTIN MARIETTA MATLS INC COM 573284106 278 3,250 SH OTHER 1,3 X MASTERCARD INC CLASS A 57636Q104 641 1,525 SH OTHER 1,3 X PHILIP MORRIS INTL INC COM 718172109 1,462 16,500 SH OTHER 1,3 X SCRIPPS NETWORKS INTERACTIVE CL A COM 811065101 146 3,000 SH OTHER 1,3 X WASHINGTON POST CO CL B 939640108 112 300 SH OTHER 1,3 X WELLS FARGO & CO NEW COM 949746101 717 21,000 SH OTHER 1,3 X UNILEVER NV NY SHS NEW 904784704 553 16,250 SH OTHER 1,3 X -- BALL CORP COM 058498106 195 4,550 SH OTHER 2,3 X BEAM INC COM 073730103 196 3,350 SH OTHER 2,3 X BIG LOTS INC COM 089302103 219 5,100 SH OTHER 2,3 X CON-WAY INC COM 205944101 91 2,800 SH OTHER 2,3 X CONSOL ENERGY COM 20854P109 160 4,700 SH OTHER 2,3 X CROWN HOLDINGS INC COM 228368106 204 5,550 SH OTHER 2,3 X DEVON ENERGY COM 25179M103 199 2,800 SH OTHER 2,3 X DOMINION RESOURCES COM 25746U109 200 3,900 SH OTHER 2,3 X DOW CHEMICAL CO COM 260543103 152 4,400 SH OTHER 2,3 X EL PASO CORP COM 28336L109 146 4,950 SH OTHER 2,3 X FMC CORP COM 302491303 69 650 SH OTHER 2,3 X FORTUNE BRANDS HOME & SEC COM 34964C106 147 6,650 SH OTHER 2,3 X INTERNATIONAL PAPER COM 460146103 67 1,910 SH OTHER 2,3 X MASCO CORP COM 574599106 134 10,000 SH OTHER 2,3 X NABORS INDUSTRIES COM G6359F103 117 6,670 SH OTHER 2,3 X ONEOK INC COM 682680103 131 1,600 SH OTHER 2,3 X OWENS CORNING COM 690742101 328 9,100 SH OTHER 2,3 X OWENS ILLINOIS NEW COM 690768403 215 9,200 SH OTHER 2,3 X PACKAGING CORP OF AMERICA COM 695156109 139 4,700 SH OTHER 2,3 X PENNY J.C. COM 708160106 152 4,300 SH OTHER 2,3 X RAYTHEON NEW COM 755111507 248 4,700 SH OTHER 2,3 X REPUBLIC SERVICES INC. COM 760759100 243 7,950 SH OTHER 2,3 X SAFEWAY INC NEW COM 786514208 233 11,550 SH OTHER 2,3 X SARA LEE CORP COM 803111103 287 13,350 SH OTHER 2,3 X SUNOCO INC COM 86764P109 219 5,750 SH OTHER 2,3 X THOMAS & BETTS COM 884315102 209 2,900 SH OTHER 2,3 X TJX COMPANIES COM 872540109 95 2,400 SH OTHER 2,3 X WASTE MANAGEMENT COM 94106L109 129 3,700 SH OTHER 2,3 X WEYERHAEUSER CO COM 962166104 103 4,700 SH OTHER 2,3 X WILLIAMS COS COM 969457100 236 7,650 SH OTHER 2,3 X XYLEM INC COM 98419M100 118 4,250 SH OTHER 2,3 X