13F-HR 1 adar_13f20120331.txt 13F TABLE 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: 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 May 15, 2012 --------------- ------------------ ------------------ [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: 58 Form 13F Information Table Value Total: $225,001 (thousands) List of Other Included Managers: FORM 13F INFORMATION TABLE Name of Reporting Manager: ADAR Investment Management LLC For Quarter Ended: March 31, 2012 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 Shared None Value Principal (X$1000) Amount ADOBE SYS INC COM 00724F101 1,257 36,631 SH SOLE 36,631 AON CORP COM 037389103 2,766 56,387 SH SOLE 56,387 AVERY DENNISON CORP COM 053611109 670 22,252 SH SOLE 22,252 C&J ENERGY SVCS INC COM 12467B304 10,491 589,688 SH SOLE 589,688 CABOT OIL & GAS CORP COM 127097103 417 13,383 SH SOLE 13,383 CARMIKE CINEMAS INC COM 143436400 2,797 200,480 SH SOLE 200,480 CARRIZO OIL & CO INC COM 144577103 493 17,452 SH SOLE 17,452 CHARTER COMMUNICATIONS IN CL A 16117M305 13,619 214,643 SH SOLE 214,643 CHESAPEAKE ENERGY CORP COM 165167107 442 19,064 SH SOLE 19,064 CHIMERA INVT CORP COM 16934Q109 291 102,841 SH SOLE 102,841 CINEMARK HOLDINGS INC COM 17243V102 338 15,386 SH SOLE 15,386 CITRIX SYS INC COM 177376100 1,248 15,811 SH SOLE 15,811 COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 8,958 1,303,997 SH SOLE 1,303,997 EBAY INC COM 278642103 9,925 268,970 SH SOLE 268,970 ENERGIZER HLDGS INC COM 29266R108 638 8,602 SH SOLE 8,602 EQT CORP COM 26884L109 415 8,613 SH SOLE 8,613 EXCO RESOURCES INC COM 269279402 398 59,964 SH SOLE 59,964 FIFTH THIRD BANCORP COM 316773100 4,101 292,009 SH SOLE 292,009 GANNETT INC COM 364730101 613 40,000 SH SOLE 40,000 HNI CORP COM 404251100 672 24,212 SH SOLE 24,212 HORSEHEAD HLDG CORP COM 440694305 953 83,631 SH SOLE 83,631 HUNTINGTON BANCSHARES INC COM 446150104 2,902 450,333 SH SOLE 450,333 HYATT HOTELS CORP COM CL A 448579102 5,457 127,747 SH SOLE 127,747 INTRALINKS HLDGS INC COM 46118H104 1,334 252,109 SH SOLE 252,109 INTUIT COM 461202103 6,876 114,296 SH SOLE 114,296 KNOLL INC COM 498904200 679 40,794 SH SOLE 40,794 LAS VEGAS SANDS CORP COM 517834107 6,462 112,241 SH SOLE 112,241 LOCKHEED MARTIN CORP COM 539830109 330 3,667 SH SOLE 3,667 LONE PINE RES INC COM 54222A106 8,029 1,235,205 SH SOLE 1,235,205 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 5,452 110,061 SH SOLE 110,061 MEDCO HEALTH SOLUTIONS IN COM 58405U102 703 10,000 SH SOLE 10,000 MEDLEY CAP CORP COM 58503F106 2,654 235,501 SH SOLE 235,501 MFA FINANCIAL INC COM 55272X102 324 43,428 SH SOLE 43,428 MICROSOFT CORP COM 594918104 1,218 37,749 SH SOLE 37,749 NCR CORP NEW COM 62886E108 9,962 458,855 SH SOLE 458,855 NEWELL RUBBERMAID INC COM 651229106 638 35,821 SH SOLE 35,821 PENNANTPARK FLOATING RATE COM 70806A106 894 76,054 SH SOLE 76,054 PINNACLE ENTMT INC COM 723456109 8,046 699,059 SH SOLE 699,059 PLAINS EXPL& PRODTN CO COM 726505100 17,396 407,876 SH SOLE 407,876 RANGE RES CORP COM 75281A109 427 7,343 SH SOLE 7,343 REALD INC COM 75604L105 1,949 144,400 SH SOLE 144,400 RED HAT INC COM 756577102 1,472 24,579 SH SOLE 24,579 REGIONS FINANCIAL CORP NE COM 7591EP100 2,747 416,779 SH SOLE 416,779 SCRIPPS E W CO OHIO CL A 811054402 979 99,194 SH SOLE 99,194 SOUTHWESTERN ENERGY CO COM 845467109 423 13,809 SH SOLE 13,809 STARWOOD PPTY TR INC COM 85571B105 325 15,452 SH SOLE 15,452 STEELCASE INC CL A 858155203 697 72,592 SH SOLE 72,592 TIBCO SOFTWARE INC COM 88632Q103 1,250 40,988 SH SOLE 40,988 ULTIMATE SOFTWARE GROUP I COM 90385D107 829 11,316 SH SOLE 11,316 ULTRA PETROLEUM CORP COM 903914109 409 18,081 SH SOLE 18,081 UNITED STATIONERS INC COM 913004107 671 21,638 SH SOLE 21,638 VMWARE INC CL A COM 928563402 1,318 11,727 SH SOLE 11,727 VODAFONE GROUP PLC NEW SPONS ADR 92857W209 7,517 271,679 SH SOLE 271,679 WELLS FARGO & CO NEW COM 949746101 10,927 320,053 SH SOLE 320,053 WYNDHAM WORLDWIDE CORP COM 98310W108 18,400 395,606 SH SOLE 395,606 WYNN RESORTS LTD COM 983134107 16,548 132,512 SH SOLE 132,512 XL GROUP PLC SHS G98290102 8,548 394,093 SH SOLE 394,093 YAHOO INC COM 984332106 8,709 572,203 SH SOLE 572,203