13F-HR 1 qfour.txt UNITED STATES SECURITIES AND EXCHANGE COMMISION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31st, 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: ValueWorks LLC Address: 1450 Broadway, 42nd fl, New York, NY 10018 13F File Number: 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 submission. Person Signing this Report on Behalf of Reporting Manager: Laila Bdour Title: Marketing Associate Phone: 212 819 1818 Signature: Place: Date of signing: Laila Bdour New York NY February 14th, 2011 Report Type (Check only one.): [X] 13F HOLDINGS REPORT; [ ] 13F NOTICE; [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers:0 Form 13F Information Table Entry Total: 33 Form 13F Information Table Value Total: $135,090 List of Other Included Managers: N/A FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSMNT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE 3M Company COM 88579Y10 3900 45187 SOLE 45187 Bank of America CN 7.25%CNV PFD L 06050568 1572 1643 SOLE 1643 Boeing Company COM 09702310 6045 92628 SOLE 92628 Boston Scientific COM 10113710 4053 535360 SOLE 535360 Calpine Corp. COM NEW 13134730 6858 514075 SOLE 514075 Chesapeake Energy COM 16516710 4813 185766 SOLE 185766 Cisco Systems Inc. COM 17275R10 6490 320797 SOLE 320797 Corning Inc. COM 21935010 6965 360486 SOLE 360486 Dow Chemical Compa COM 26054310 7098 207917 SOLE 207917 Eli Lilly & Co. COM 53245710 4333 123670 SOLE 123670 Hewlett-Packard Co COM 42823610 4836 114863 SOLE 114863 Legg Mason Inc. COM 52490110 5488 151315 SOLE 151315 Live Nation, Inc. COM 53803410 4408 385987 SOLE 385987 Maui Land & Pineap COM 57734510 6852 1375889 SOLE 1375889 MBIA Inc COM 55262C10 2465 205606 SOLE 205606 McGraw-Hill Compan COM 58064510 5384 147877 SOLE 147877 Mesabi Trust CTF BEN INT 59067210 4449 115576 SOLE 115576 Micron Technology COM 59511210 6929 863994 SOLE 863994 New York Times cl CL A 65011110 4651 474642 SOLE 474642 Pfizer Inc. COM 71708110 4057 231718 SOLE 231718 QEP Resources, Inc COM 74733V10 2858 78704 SOLE 78704 Qimonda Finance LL NOTE 6.750% 3/2 74732WAA 80 2000000 SOLE 2000000 Qualcomm Inc. COM 74752510 1022 20649 SOLE 20649 Questar Corporatio COM 74835610 1413 81162 SOLE 81162 Rowan Companies In COM 77938210 4903 140448 SOLE 140448 Sony Corporation A ADR NEW 83569930 2408 67444 SOLE 67444 Sprint Nextel Corp COM SER 1 85206110 2204 521131 SOLE 521131 SunPower Corp. Cl COM CL B 86765230 513 41270 SOLE 41270 Teco Energy Inc. COM 87237510 4528 254394 SOLE 254394 Tejon Ranch Co. COM 87908010 852 30932 SOLE 30932 WellsFargo Pfd Ser PERP PFD CNV A 94974680 3421 3419 SOLE 3419 Williams Companies COM 96945710 5148 208263 SOLE 208263 Zimmer Holdings In COM 98956P10 4093 76240 SOLE 76240