13F-HR 1 d1290764_13f-hr.txt 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 holding entries. Institutional Manager Filing this Report: Name: Axial Capital Management LLC Address: 101 Park Avenue, 20th Floor New York, New York 10178 13F File Number: 28-11699 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: Eliav Assouline Title: Managing Member Phone: (212) 984-2100 Signature, Place and Date of Signing: /s/ Eliav Assouline 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 managers(s).) [ ] 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: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 16 Form 13F Information Table Value Total: $1,366,121 (thousands) List of Other Included Managers: Form 13F File Number Name (1) 28-11700 Axial Capital, LP (2) 28-14501 Axial Capital Master, L.P. FORM 13F INFORMATION TABLE Axial Capital Management LLC March 31, 2012
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------------- --------- --------- -------- ------------------ -------------- -------- ------------------------ TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- --------- --------- -------- --------- --- ---- -------------- -------- --------- ------ ------- COMCAST CORP NEW CL A SPL 20030N200 13,469 456,417 SH Shared/Defined 1,2 0 0 456,417 CORINTHIAN COLLEGES INC COM 218868107 1,368 330,411 SH Shared/Defined 1,2 330,411 0 0 COVANTA HLDG CORP COM 22282E102 41,097 2,532,143 SH Shared/Defined 1,2 2,532,143 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 6,207 373,463 SH Shared/Defined 1,2 373,463 0 0 ISHARES INC MSCI GERMAN 464286806 16,130 692,849 SH Shared/Defined 1,2 692,849 0 0 ISHARES INC MSCI JAPAN 464286848 29,756 2,924,409 SH Shared/Defined 1,2 2,924,409 0 0 ISHARES INC MSCI S KOREA 464286772 6,156 103,385 SH Shared/Defined 1,2 103,385 0 0 ISHARES TR RUSSELL 2000 464287655 225,201 2,719,488 SH Shared/Defined 1,2 2,719,488 0 0 LKQ CORP COM 501889208 11,116 356,623 SH Shared/Defined 1,2 356,623 0 0 MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 35,905 1,088,359 SH Shared/Defined 1,2 1,088,359 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 16,361 242,208 SH Shared/Defined 1,2 242,208 0 0 QLT INC COM 746927102 62,055 8,865,036 SH Shared/Defined 1,2 8,865,036 0 0 SEMGROUP CORP CL A 81663A105 12,880 441,988 SH Shared/Defined 1,2 441,988 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 875,435 6,217,135 SH Shared/Defined 1,2 6,217,135 0 0 TIBCO SOFTWARE INC COM 88632Q103 5,848 191,752 SH Shared/Defined 1,2 191,752 0 0 TIVO INC COM 888706108 7,138 595,370 SH Shared/Defined 1,2 595,370 0 0
SK 21635 0002 1290764