<SEC-DOCUMENT>0000898432-12-000635.txt : 20120514
<SEC-HEADER>0000898432-12-000635.hdr.sgml : 20120514
<ACCEPTANCE-DATETIME>20120514142357
ACCESSION NUMBER:		0000898432-12-000635
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120514
DATE AS OF CHANGE:		20120514
EFFECTIVENESS DATE:		20120514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALYDAR PARTNERS LLC
		CENTRAL INDEX KEY:			0001279895
		IRS NUMBER:				161640417
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-10671
		FILM NUMBER:		12838032

	BUSINESS ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		STREET 2:		17TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		6176463500

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		STREET 2:		17TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>a13f-hr.txt
<TEXT>
                                 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:      Alydar Partners, LLC
Address:   222 Berkeley Street, 17th Floor
           Boston, Massachusetts 02116

13 File Number: 028-10671

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:      John A. Murphy
Title:     Manager
Phone:     (617) 646-3500

Signature, Place and Date of Signing

/s/ Paul J. Pitts               Boston, Massachusetts        05/14/2012
--------------------            ---------------------        -------------
[Signature]                     [City, State]                [Date]
Paul J. Pitts, Attorney-in-fact
for John A. Murphy, its Manager


Report Type (Check only one.):

[X]  13F  HOLDINGS  REPORT. (Check here if all holding 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).)
<PAGE>
                             FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    129 Data Records

Form 13F Information Table Value Total:    $2,247,728
                                            (thousands)
<PAGE>
<TABLE>
<CAPTION>

        COLUMN 1             COLUMN 2         COLUMN 3     COLUMN 4         COLUMN 5        COLUMN 6    COLUMN 7       COLUMN 8
                                                                                                        OTHER     VOTING AUTHORITY
      NAME OF ISSUER          TITLE OF                       VALUE       SHRS OR SH/  PUT/  INVESTMENT  MANAGER   SOLE  SHARED NONE
                              CLASS            CUSIP        (X$1000)     PRN AMT PRN  CALL  DISCRETION

<S>                                     <C>         <C>         <C>     <C>        <C>  <C>      <C>             <C>
ABERCROMBIE & FITCH CO                  CL A        002896207   18,356    370,000  SH            SOLE              370,000
ACI WORLDWIDE INC                       COM         004498101   27,786    690,000  SH            SOLE              690,000
ALEXION PHARMACEUTICALS INC             COM         015351109   13,000    140,000  SH            SOLE              140,000
ALLISON TRANSMISSION HLDGS I            COM         01973R101   15,522    650,000  SH            SOLE              650,000
ALLOT COMMUNICATIONS LTD                SHS         M0854Q105    7,121    306,300  SH            SOLE              306,300
ALTERA CORP                             COM         021441100   35,838    900,000  SH            SOLE              900,000
AMAZON COM INC                          COM         023135106   20,251    100,000  SH   CALL     SOLE              100,000
ANALOG DEVICES INC                      COM         032654105   10,100    250,000  SH            SOLE              250,000
APPLE INC                               CALL        037833100   20,984     35,000  SH   CALL     SOLE               35,000
APPLE INC                               COM         037833100   68,948    115,000  SH            SOLE              115,000
APPLIED MICRO CIRCUITS CORP             COM         03822W406    3,470    500,000  SH            SOLE              500,000
AQUA AMERICA INC                        COM         03836W103    2,006     90,000  SH            SOLE               90,000
ARIBA INC                               COM         04033V203   10,255    313,500  SH            SOLE              313,500
ASBURY AUTOMOTIVE GROUP INC             COM         043436104   38,964  1,443,100  SH            SOLE            1,443,100
ASPEN TECHNOLOGY INC                    COM         045327103   42,961  2,092,587  SH            SOLE            2,092,587
BALLY TECHNOLOGIES INC                  COM         05874B107   16,363    350,000  SH            SOLE              350,000
BASIC ENERGY SVCS INC NEW               COM         06985P100    5,465    315,000  SH            SOLE              315,000
BEST BUY INC                            COM         086516101    1,184     50,000  SH            SOLE               50,000
BEST BUY INC                            CALL        086516101    5,920    250,000  SH   CALL     SOLE              250,000
BORGWARNER INC                          PUT         099724106   20,579    244,000  SH   PUT      SOLE              244,000
BORGWARNER INC                          COM         099724106   42,001    498,000  SH            SOLE              498,000
BROADCOM CORP                           PUT         111320107   15,720    400,000  SH   PUT      SOLE              400,000
BROADCOM CORP                           PUT         111320107   15,720    400,000  SH   PUT      SOLE              400,000
BROADCOM CORP                           CL A        111320107   59,343  1,510,000  SH            SOLE            1,510,000
BROADSOFT INC                           COM         11133B409    6,694    175,000  SH            SOLE              175,000
BUFFALO WILD WINGS INC                  COM         119848109   20,859    230,000  SH            SOLE              230,000
CARIBOU COFFEE INC                      COM         142042209    9,879    530,000  SH            SOLE              530,000
CARMAX INC                              CALL        143130102    6,930    200,000  SH   CALL     SOLE              200,000
CATERPILLAR INC DEL                     COM         149123101    9,374     88,000  SH            SOLE               88,000
CELGENE CORP                            PUT         151020104   23,256    300,000  SH   PUT      SOLE              300,000
CELGENE CORP                            COM         151020104   23,256    300,000  SH            SOLE              300,000
CERNER CORP                             COM         156782104    7,616    100,000  SH            SOLE              100,000
CHECKPOINT SYS INC                      COM         162825103    1,789    158,569  SH            SOLE              158,569
CHEFS WHSE INC                          COM         163086101    9,985    431,504  SH            SOLE              431,504
CHINA HYDROELECTRIC CORPORAT            W EXP       G2112E145        2     48,600  SH            SOLE               48,600
                                        01/25/201
CIENA CORP                              COM         171779309    8,095    500,000  SH            SOLE              500,000
CLEAN HARBORS INC                       COM         184496107   15,149    225,000  SH            SOLE              225,000
COACH INC                               COM         189754104   59,506    770,000  SH            SOLE              770,000
COLFAX CORP                             COM         194014106    7,400    210,000  SH            SOLE              210,000
COMERICA INC                            COM         200340107   73,619  2,275,000  SH            SOLE            2,275,000
CROCS INC                               COM         227046109   14,644    700,000  SH            SOLE              700,000
CROWN CASTLE INTL CORP                  COM         228227104    8,001    150,000  SH            SOLE              150,000
DELPHI AUTOMOTIVE PLC                   SHS         G27823106   11,060    350,000  SH            SOLE              350,000
DEMANDWARE INC                          COM         24802Y105    2,328     78,116  SH            SOLE               78,116
DFC GLOBAL CORP                         COM         23324T107   82,651  4,380,000  SH            SOLE            4,380,000
DISH NETWORK CORP                       CL A        25470M109   11,526    350,000  SH            SOLE              350,000
EATON CORP                              COM         278058102   14,949    300,000  SH            SOLE              300,000
ENCORE CAP GROUP INC                    COM         292554102   50,963  2,260,000  SH            SOLE            2,260,000
ENERGYSOLUTIONS INC                     COM         292756202    2,450    500,000  SH            SOLE              500,000
EQUINIX INC                             COM         29444U502   33,065    210,000  SH            SOLE              210,000
FIFTH THIRD BANCORP                     COM         316773100   16,714  1,190,000  SH            SOLE            1,190,000
FORD MTR CO                             CALL        345370860   24,950  2,000,000  SH   CALL     SOLE            2,000,000
GAMESTOP CORP NEW                       CL A        36467W109   14,196    650,000  SH            SOLE              650,000
GOODRICH PETE CORP                      COM         382410405    9,986    525,000  SH            SOLE              525,000
GREEN MTN COFFEE ROASTERS IN            CALL        393122106    9,368    200,000  SH   CALL     SOLE              200,000
GSE HLDG INC                            COM         36191X100    1,444    110,000  SH            SOLE              110,000
GT ADVANCED TECHNOLOGIES INC            COM         36191U106    2,895    350,000  SH            SOLE              350,000
HAWAIIAN ELEC INDUSTRIES                COM         419870100    1,268     50,000  SH            SOLE               50,000
HEADWATERS INC                          COM         42210P102    2,006    480,000  SH            SOLE              480,000
HERBALIFE LTD                           COM US SHS  G4412G101   37,025    538,000  SH            SOLE              538,000
HERSHA HOSPITALITY TR                   SH BEN      427825104    3,774    691,143  SH            SOLE              691,143
                                        INT A
HONEYWELL INTL INC                      COM         438516106    8,059    132,000  SH            SOLE              132,000
HORNBECK OFFSHORE SVCS INC N            COM         440543106   42,871  1,020,000  SH            SOLE            1,020,000
HUNTSMAN CORP                           COM         447011107    5,604    400,000  SH            SOLE              400,000
IAC INTERACTIVECORP                     COM         44919P508   14,727    300,000  SH            SOLE              300,000
IMAX CORP                               COM         45245E109   80,652  3,300,000  SH            SOLE            3,300,000
INFOSYS LTD                             CALL        456788108   31,367    550,000  SH   CALL     SOLE              550,000
INTEL CORP                              CALL        458140100   23,898    850,000  SH   CALL     SOLE              850,000
INTERXION HOLDING N.V                   SHS         N47279109   14,360    800,000  SH            SOLE              800,000
KNOLOGY INC                             COM         499183804   21,325  1,171,677  SH            SOLE            1,171,677
KRONOS WORLDWIDE INC                    COM         50105F105    8,729    350,000  SH            SOLE              350,000
LYONDELLBASELL INDUSTRIES N             HS A        N53745100    6,984    160,000  SH            SOLE              160,000
MARVELL TECHNOLOGY GROUP LTD            ORD         G5876H105   12,584    800,000  SH            SOLE              800,000
MATTERSIGHT CORP                        COM         577097108    9,291  1,093,089  SH            SOLE            1,093,089
MAXWELL TECHNOLOGIES INC                COM         577767106      625     34,080  SH            SOLE               34,080
MERGE HEALTHCARE INC                    COM         589499102    2,930    500,000  SH            SOLE              500,000
MICROSTRATEGY INC                       CL A        594972408   37,378    266,989  SH            SOLE              266,989
MOLYCORP INC                            COM         608753109    8,458    250,000  SH            SOLE              250,000
NETAPP INC                              COM         64110D104    8,059    180,000  SH            SOLE              180,000
OPEN TEXT CORP                          COM         683715106    7,033    115,000  SH            SOLE              115,000
PANERA BREAD CO                         CL A        69840W108   45,862    285,000  SH            SOLE              285,000
PENN NATL GAMING INC                    COM         707569109    1,934     45,000  SH            SOLE               45,000
PORTFOLIO RECOVERY ASSOCS IN            COM         73640Q105   28,649    399,454  SH            SOLE              399,454
PROTO LABS INC                          COM         743713109    3,665    107,500  SH            SOLE              107,500
PVH CORP                                COM         693656100   59,851    670,000  SH            SOLE              670,000
QUEST DIAGNOSTICS INC                   CALL        74834L100    6,115    100,000  SH   CALL     SOLE              100,000
QUESTCOR PHARMACEUTICALS INC            COM         74835Y101   14,928    396,800  SH            SOLE              396,800
QUESTCOR PHARMACEUTICALS INC            PUT         74835Y101    3,642     96,800  SH   PUT      SOLE               96,800
QUESTCOR PHARMACEUTICALS INC            PUT         74835Y101   11,286    300,000  SH   PUT      SOLE              300,000
RACKSPACE HOSTING INC                   COM         750086100    4,045     70,000  SH            SOLE               70,000
RENEWABLE ENERGY GROUP INC              COM NEW     75972A301      622     60,000  SH            SOLE               60,000
RENT A CTR INC NEW                      COM         76009N100   16,988    450,000  SH            SOLE              450,000
ROCKWELL COLLINS INC                    CALL        774341101   20,434    355,000  SH   CALL     SOLE              355,000
SALESFORCE COM INC                      COM         79466L302   66,439    430,000  SH            SOLE              430,000
SBA COMMUNICATIONS CORP                 COM         78388J106    4,065     80,000  SH            SOLE               80,000
SHUTTERFLY INC                          COM         82568P304   24,437    780,000  SH            SOLE              780,000
SKULLCANDY INC                          COM         83083J104      950     60,000  SH            SOLE               60,000
SODASTREAM INTERNATIONAL LTD            USD SHS     M9068E105   12,764    378,980  SH            SOLE              378,980
SONIC AUTOMOTIVE INC                    CL A        83545G102   21,492  1,200,000  SH            SOLE            1,200,000
STAMPS COM INC                          COM NEW     852857200   19,516    700,000  SH            SOLE              700,000
STANLEY BLACK & DECKER INC              COM         854502101   17,935    233,041  SH            SOLE              233,041
STARBUCKS CORP                          COM         855244109   36,329    650,000  SH            SOLE              650,000
STARWOOD HOTELS&RESORTS WRLD            COM         85590A401   23,974    425,000  SH            SOLE              425,000
STATE STR CORP                          COM         857477103   20,475    450,000  SH            SOLE              450,000
SYNACOR INC                             COM         871561106    4,779    632,100  SH            SOLE              632,100
TEREX CORP NEW                          CALL        880779103    8,100    360,000  SH   CALL     SOLE              360,000
TESLA MTRS INC                          COM         88160R101    6,889    185,000  SH            SOLE              185,000
TIBCO SOFTWARE INC                      CALL        88632Q103    6,100    200,000  SH   CALL     SOLE              200,000
TRANSDIGM GROUP INC                     CALL        893641100   11,426     98,700  SH   CALL     SOLE               98,700
TRANSOCEAN LTD                          CALL        H8817H100    5,470    100,000  SH   CALL     SOLE              100,000
TRANSOCEAN LTD                          REG SHS     H8817H100   13,128    240,000  SH            SOLE              240,000
TRINA SOLAR LIMITED                     SPON ADR    89628E104      642     90,000  SH            SOLE               90,000
U S SILICA HLDGS INC                    COM         90346E103   18,218    870,000  SH            SOLE              870,000
UNION PAC CORP                          PUT         907818108   12,790    119,000  SH   PUT      SOLE              119,000
UNION PAC CORP                          COM         907818108   12,790    119,000  SH            SOLE              119,000
US BANCORP                              COM NEW     902973304   19,958    630,000  SH            SOLE              630,000
VALEANT PHARMACEUTICALS INTL            COM         91911K102   26,845    500,000  SH            SOLE              500,000
VISTAPRINT N V                          SHS         N93540107   15,460    400,000  SH            SOLE              400,000
VITAMIN SHOPPE INC                      COM         92849E101   28,294    640,000  SH            SOLE              640,000
VOCUS INC                               COM         92858J108    5,300    400,000  SH            SOLE              400,000
WARNER CHILCOTT PLC                     SHS A       G94368100   25,383  1,510,000  SH            SOLE            1,510,000
WEBSENSE INC                            COM         947684106    6,960    330,000  SH            SOLE              330,000
WESCO INTL INC                          COM         95082P105   21,552    330,000  SH            SOLE              330,000
WESTLAKE CHEM CORP                      COM         960413102    4,535     70,000  SH            SOLE               70,000
WINMARK CORP                            COM         974250102      579     10,000  SH            SOLE               10,000
WORLD ENERGY SOLUTIONS INC D            COM         98145W208      771    160,889  SH            SOLE              160,889
WYNDHAM WORLDWIDE CORP                  COM         98310W108    3,488     75,000  SH            SOLE               75,000
YOUKU INC                               SPONSORED   98742U100    3,738    170,000  SH            SOLE              170,000
                                        ADR
ZOLL MED CORP                           COM         989922109   16,673    180,000  SH            SOLE              180,000

</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>