<SEC-DOCUMENT>0001047469-13-001076.txt : 20130214 <SEC-HEADER>0001047469-13-001076.hdr.sgml : 20130214 <ACCEPTANCE-DATETIME>20130214112055 ACCESSION NUMBER: 0001047469-13-001076 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KKR Asset Management LLC CENTRAL INDEX KEY: 0001520692 IRS NUMBER: 201283596 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14775 FILM NUMBER: 13608061 BUSINESS ADDRESS: STREET 1: C/O KKR ASSET MANAGEMENT LLC STREET 2: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: (415) 315-3620 MAIL ADDRESS: STREET 1: C/O KKR ASSET MANAGEMENT LLC STREET 2: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>a2212903z13f-hr.txt <DESCRIPTION>13F-HR <TEXT> <Page> ------------------------------ | OMB APPROVAL | ------------------------------ | OMB Number: 3235-0006 | | Expires: August 31, 2012 | | Estimated average burden | | hours per response:...23.5 | ------------------------------ 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, 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: KKR Asset Management LLC --------------------------------- Address: 555 California Street, 50th Floor --------------------------------- San Francisco, CA 94104 ------------------------------- Form 13F File Number: 28-14775 --------------------- 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: Nicole Macarchuk ------------------------------- Title: General Counsel ------------------------------- Phone: (415) 315-6538 ------------------------------- Signature, Place, and Date of Signing: /s/ Nicole Macarchuk San Francisco, CA February 14, 2013 ------------------------------- ----------------- ----------------- [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).) 1 <Page> FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 -------------------- Form 13F Information Table Entry Total: 63 -------------------- Form 13F Information Table Value Total: $629,145 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 28-12880 Kohlberg Kravis Roberts & Co. L.P. ------ ----------------- ---------------------------------- 2 <Page> FORM 13F INFORMATION TABLE KKR ASSET MANAGEMENT LLC FOR QUARTER ENDED DECEMBER 31, 2012 <Table> <Caption> ------------------------------------------------------------------------------------------------------------------------------- VOTING AUTHORITY VALUE (x SHRS OR PRN SH/ INVESTMENT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP $1000) AMT PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> AMERICAN AXLE & MFG HLDGS IN COM 024061103 9,055 808,500 SH SHARED-OTHER 1 808,500 APPLE INC COM 037833100 6,333 11,900 SH SHARED-OTHER 1 11,900 BEAM INC COM 073730103 2,254 36,900 SH SHARED-OTHER 1 36,900 BRINKER INTL INC COM 109641100 2,148 69,300 SH SHARED-OTHER 1 69,300 BROWN FORMAN CORP CL B 115637209 2,252 35,600 SH SHARED-OTHER 1 35,600 CAMERON INTERNATIONAL CORP COM 13342B105 6,228 110,300 SH SHARED-OTHER 1 110,300 CEMEX SAB DE CV SPON ADR NEW 151290889 6,514 660,000 SH SHARED-OTHER 1 660,000 CIT GROUP INC COM NEW 125581801 8,829 228,500 SH SHARED-OTHER 1 228,500 COMCAST CORP NEW CL A 20030N101 9,056 242,400 SH SHARED-OTHER 1 242,400 COMVERSE INC COM 20585P105 25,191 882,973 SH SHARED-OTHER 1 882,973 COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 37,746 9,829,752 SH SHARED-OTHER 1 9,829,752 COSTCO WHSL CORP NEW COM 22160K105 12,568 127,300 SH SHARED-OTHER 1 127,300 DANAHER CORP DEL COM 235851102 8,944 160,000 SH SHARED-OTHER 1 160,000 DISNEY WALT CO COM DISNEY 254687106 8,713 175,000 SH SHARED-OTHER 1 175,000 DOLLAR TREE INC COM 256746108 3,330 82,100 SH SHARED-OTHER 1 82,100 EAGLE MATERIALS INC COM 26969P108 11,472 196,100 SH SHARED-OTHER 1 196,100 </Table> 3 <Page> <Table> <Caption> ------------------------------------------------------------------------------------------------------------------------------- VOTING AUTHORITY VALUE (x SHRS OR PRN SH/ INVESTMENT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP $1000) AMT PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> EASTMAN CHEM CO COM 277432100 15,931 234,100 SH SHARED-OTHER 1 234,100 EOG RES INC COM 26875P101 8,141 67,400 SH SHARED-OTHER 1 67,400 EQUINIX INC COM NEW 29444U502 8,990 43,600 SH SHARED-OTHER 1 43,600 EXPEDITORS INTL WASH INC COM 302130109 11,549 292,000 SH SHARED-OTHER 1 292,000 FMC TECHNOLOGIES INC COM 30249U101 7,521 175,600 SH SHARED-OTHER 1 175,600 GENERAL MTRS CO COM 37045V100 20,718 718,640 SH SHARED-OTHER 1 718,640 GNC HLDGS INC COM CL A 36191G107 4,546 136,600 SH SHARED-OTHER 1 136,600 GOOGLE INC CL A 38259P508 26,456 37,400 SH SHARED-OTHER 1 37,400 GRAINGER W W INC COM 384802104 23,880 118,000 SH SHARED-OTHER 1 118,000 HARBINGER GROUP INC COM 41146A106 1,538 200,000 SH SHARED-OTHER 1 200,000 HESS CORP COM 42809H107 10,332 195,100 SH SHARED-OTHER 1 195,100 HOME DEPOT INC COM 437076102 8,962 144,900 SH SHARED-OTHER 1 144,900 INTL PAPER CO COM 460146103 13,334 334,700 SH SHARED-OTHER 1 334,700 ISHARES INC MSCI BRAZIL 464286400 4,302 76,900 SH SHARED-OTHER 1 76,900 KB HOME COM 48666K109 3,955 250,300 SH SHARED-OTHER 1 250,300 LAMAR ADVERTISING CO CL A 512815101 7,119 183,725 SH SHARED-OTHER 1 183,725 LENNAR CORP CL A 526057104 2,200 56,900 SH SHARED-OTHER 1 56,900 LOWES COS INC COM 548661107 13,473 379,300 SH SHARED-OTHER 1 379,300 MARATHON OIL CORP COM 565849106 14,484 472,400 SH SHARED-OTHER 1 472,400 </Table> 4 <Page> <Table> <Caption> ------------------------------------------------------------------------------------------------------------------------------- VOTING AUTHORITY VALUE (x SHRS OR PRN SH/ INVESTMENT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP $1000) AMT PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> MASTERCARD INC CL A 57636Q104 10,906 22,200 SH SHARED-OTHER 1 22,200 MEAD JOHNSON NUTRITION CO COM 582839106 5,225 79,300 SH SHARED-OTHER 1 79,300 MGM RESORTS INTERNATIONAL COM 552953101 10,278 883,000 SH SHARED-OTHER 1 883,000 MICROSOFT CORP COM 594918104 11,485 430,000 SH CALL SHARED-OTHER 1 430,000 NETAPP INC COM 64110D904 4,348 129,600 SH SHARED-OTHER 1 129,600 NEWS CORP CL A 65248E104 19,898 780,000 SH SHARED-OTHER 1 780,000 PEABODY ENERGY CORP COM 704549104 1,996 75,000 SH SHARED-OTHER 1 75,000 PPG INDS INC COM 693506107 8,920 65,900 SH SHARED-OTHER 1 65,900 PRECISION CASTPARTS CORP COM 740189105 8,808 46,500 SH SHARED-OTHER 1 46,500 PRICELINE COM INC COM NEW 741503403 12,904 20,800 SH SHARED-OTHER 1 20,800 SBA COMMUNICATIONS CORP COM 78388J106 8,951 126,100 SH SHARED-OTHER 1 126,100 SCHLUMBERGER LTD COM 806857108 9,397 135,600 SH SHARED-OTHER 1 135,600 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 14,489 884,000 SH SHARED-OTHER 1 884,000 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 10,568 265,000 SH SHARED-OTHER 1 265,000 SEMGROUP CORP CL A 81663A105 4,635 118,600 SH SHARED-OTHER 1 118,600 SHERWIN WILLIAMS CO COM 824348106 17,689 115,000 SH SHARED-OTHER 1 115,000 TARGET CORP COM 87612E106 5,941 100,400 SH SHARED-OTHER 1 100,400 TEREX CORP NEW COM 880779103 3,834 136,400 SH SHARED-OTHER 1 136,400 </Table> 5 <Page> <Table> <Caption> ------------------------------------------------------------------------------------------------------------------------------- VOTING AUTHORITY VALUE (x SHRS OR PRN SH/ INVESTMENT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP $1000) AMT PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> THE ADT CORPORATION COM 00101J106 9,298 200,000 SH SHARED-OTHER 1 200,000 TOLL BROTHERS INC COM 889478103 2,531 78,300 SH SHARED-OTHER 1 78,300 TRANSDIGM GROUP INC COM 893641100 17,959 131,700 SH SHARED-OTHER 1 131,700 U S G CORP COM NEW 903293405 4,530 161,400 SH SHARED-OTHER 1 161,400 VERINT SYS INC COM 92343X100 10,863 370,000 SH SHARED-OTHER 1 370,000 VISA INC COM CL A 92826C839 11,808 77,900 SH SHARED-OTHER 1 77,900 WABCO HLDGS INC COM 92927K102 11,513 176,600 SH SHARED-OTHER 1 176,600 WALTER ENERGY INC COM 93317Q105 1,977 55,100 SH SHARED-OTHER 1 55,100 WILLIAMS COS INC DEL COM 969457100 6,548 200,000 SH SHARED-OTHER 1 200,000 WYNDHAM WORLDWIDE CORP COM 98310W108 13,781 259,000 SH SHARED-OTHER 1 259,000 </Table> 6 </TEXT> </DOCUMENT> </SEC-DOCUMENT>