13F-HR 1 adar_13f20110630.txt 13F 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, 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: ADAR Investment Management LLC Address: 156 West 56th Street, Suite 801 New York, New York 10019 Form 13F File Number: 028-11211 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: Aaron Morse Title: Chief Operating Officer Phone: (212) 373-8900 Signature, Place, and Date of Signing: /s/ Aaron Morse New York, New York August 15, 2011 --------------- ------------------ ------------------ [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 is reported in this report and a portion is reported by other reporting manager(s).) FORM 13 F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 38 Form 13F Information Table Value Total: $187,562 (thousands) List of Other Included Managers: FORM 13F INFORMATION TABLE Name of Reporting Manager: ADAR Investment Management LLC For Quarter Ended: June 30, 2011 Item 8: Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Voting Authority Name of Title of CUSIP Fair Shares Sh/ Put/ Inv. Other (a) (b) (c) Issuer Class Number Market or Prn Call Discr. Mgrs Sole SharedNone Value Principal (X$1000) Amount ACE LTD SHS H0023R105 4,627 70,291 SH SOLE 70,291 AMERICAN INTL GROUP INC COM 026874784 1,834 62,568 SH SOLE 62,568 BLACKROCK KELSO CAPITAL C COM 092533108 897 100,000 SH SOLE 100,000 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 6,723 185,670 SH SOLE 185,670 CAPITAL ONE FINL CORP COM 14040H105 4,083 79,020 SH SOLE 79,020 CARMIKE CINEMAS INC CL A NY CABLVS 143436400 1,443 208,833 SH SOLE 208,833 CINEMARK HOLDINGS INC COM 17243V102 3,428 165,534 SH SOLE 165,534 CREXUS INVT CORP COM 226553105 901 81,109 SH SOLE 81,109 DISCOVERY COMMUNICATNS NE COM SER A 25470F104 1,372 33,496 SH SOLE 33,496 EATON VANCE LTD DUR INCOM COM 27828H105 502 30,500 SH SOLE 30,500 EQUINIX INC COM 29444U502 13,767 136,276 SH SOLE 136,276 FIFTH THIRD BANCORP COM 316773100 701 55,000 SH SOLE 55,000 FOREST OIL CORP COM PAR $0.01 346091705 4,006 150,000 SH SOLE 150,000 GAIN CAP HLDGS INC COM 36268W100 1,373 201,600 SH SOLE 201,600 HUNTINGTON INGALLS INDS I NY REG SH 446413106 1,881 54,510 SH SOLE 54,510 KONINKLIJKE PHILIPS ELECT COM 500472303 4,248 165,434 SH SOLE 165,434 LAS VEGAS SANDS CORP COM 517834107 16,434 389,348 SH SOLE 389,348 LONE PINE RES INC COM 54222A106 3,641 342,856 SH SOLE 342,856 MEDLEY CAP CORP COM 58503F106 2,757 234,846 SH SOLE 234,846 METLIFE INC COM 59156R108 9,166 208,937 SH SOLE 208,937 MGIC INVT CORP WIS COM 552848103 1,724 289,761 SH SOLE 289,761 MOSAIC CO NEW COM 61945C103 4,704 69,454 SH SOLE 69,454 PENNANTPARK FLOATING RATE COM 70806A106 1,647 129,797 SH SOLE 129,797 PLAINS EXPL& PRODTN CO CL A 726505100 18,439 483,705 SH SOLE 483,705 RADIOSHACK CORP COM 750438103 1,398 105,000 SH SOLE 105,000 SAVVIS INC COM 805423308 6,500 164,424 SH SOLE 164,424 SCRIPPS E W CO OHIO COM 811054402 267 27,610 SH SOLE 27,610 SEAHAWK DRILLING INC COM 81201R107 317 55,685 SH SOLE 55,685 SPDR S&P 500 ETF TR TR UNIT 78462F103 2,903 22,000 SH SOLE 22,000 STARWOOD HOTELS&RESORTS W COM 85590A401 297 5,300 SH SOLE 5,300 SUMMIT HOTEL PPTYS INC COM 866082100 1,888 166,311 SH SOLE 166,311 VODAFONE GROUP PLC NEW SPONS ADR 92857W209 8,635 323,155 SH SOLE 323,155 WELLS FARGO & CO NEW COM 949746101 4,208 149,952 SH SOLE 149,952 WYNDHAM WORLDWIDE CORP COM 98310W108 17,608 523,261 SH SOLE 523,261 XEROX CORP COM 984121103 11,734 1,127,166 SH SOLE 1,127,166 XL GROUP PLC COM G98290102 10,740 488,621 SH SOLE 488,621 YAHOO INC COM 984332106 7,755 515,643 SH SOLE 515,643 ZORAN CORP COM 98975F101 3,014 358,800 SH SOLE 358,800