13F-HR 1 a2201966z13f-hr.txt 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: December 31, 2010 ----------------------- 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: Relational Investors LLC --------------------------------- Address: 12400 High Bluff Drive, Suite 600 --------------------------------- San Diego, CA 92130 --------------------------------- Form 13F File Number: 028-06854 --------------------- 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: Jay N. Sitlani ------------------------------- Title: Director of Operations ------------------------------- Phone: 858-704-3336 ------------------------------- Signature, Place, and Date of Signing: /s/ J. SITLANI San Diego, California 02/14/11 ------------------------------- ----------------- ------------- [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 are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------- Form 13F Information Table Entry Total: 24 -------------------- Form 13F Information Table Value Total: $ 6,210,310 -------------------- (thousands) Confidential information has been omitted from the public Form 13F and filed separately with the Commission. List of Other Included Managers: NONE FORM 13F INFORMATION TABLE
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------------ --------- --------- -------- ---------- ---- ----- ------- ----------- ---------- ------ ---- National Semiconductor Corp. COM 637640103 $283,762 20,622,256 SH SOLE 20,622,256 Baxter International Inc. COM 071813109 $481,632 9,514,652 SH SOLE 9,514,652 Unum Group COM 91529Y106 $352,023 14,534,394 SH SOLE 14,534,394 The Home Depot, Inc. COM 437076102 $366,950 10,466,346 SH SOLE 10,466,346 The Home Depot, Inc. COM 437076102 $ 36,021 1,027,419 SH OTHER 1,027,419 Harman International Industries Inc. COM 413086109 $ 94,845 2,048,479 SH SOLE 2,048,479 Charles River Lab. Intl. Inc. COM 159864107 $115,256 3,242,990 SH SOLE 3,242,990 SUPERVALU Inc. COM 868536103 $ 18,177 1,887,512 SH SOLE 1,887,512 Genzyme Corporation COM 372917104 $726,080 10,197,748 SH SOLE 10,197,748 Genzyme Corporation COM 372917104 $ 29,085 408,500 SH OTHER 408,500 SPDR S&P 500 ETF Trust COM 78462F103 $364,649 2,899,795 SH SOLE 2,899,795 Esterline Technologies Corp. COM 297425100 $ 65,761 958,749 SH SOLE 958,749 Occidental Petroleum Corporation COM 674599105 $608,808 6,205,989 SH SOLE 6,205,989 Gildan Activewear Inc. COM 375916103 $ 74,225 2,605,309 SH SOLE 2,605,309 Ameriprise Financial, Inc. COM 03076C106 $ 60,865 1,057,600 SH SOLE 1,057,600 iShares Russell Midcap Value Index COM 464287473 $ 13,629 302,800 SH SOLE 302,800 LyondellBasell Industries N.V. COM N53745100 $293,267 8,525,200 SH SOLE 8,525,200 Intuit Inc. COM 461202103 $588,586 11,938,868 SH SOLE 11,938,868 CVS Caremark Corporation COM 126650100 $710,669 20,439,151 SH SOLE 20,439,151 Deere & Company COM 244199105 $378,486 4,557,323 SH SOLE 4,557,323 Progress Software Corporation COM 743312100 $ 35,671 842,896 SH SOLE 842,896 McDermott International, Inc. COM 580037109 $ 91,419 4,418,493 SH SOLE 4,418,493 The Babcock & Wilcox Company COM 05615F102 $ 44,043 1,721,099 SH SOLE 1,721,099 ITT Corporation COM 450911102 $376,401 7,223,194 SH SOLE 7,223,194