13F-HR 1 v057015_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: September 30,2006 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: Independence Capital Asset Partners, LLC Address: 1400 16th Street, Suite 520 Denver, CO 80202 13F File Number: 028-11636 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: Name: Anita E. Falicia Title: Principal Phone: 303-209-4100 Signature, Place, and Date of Signing: /s/ Anita E. Falicia Denver, CO October 13, 2006 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): |X| 13F HOLDINGS REPORT. |_| 13F NOTICE. |_| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: NONE FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 52 Form 13F Information Table Value Total: $300,331 (thousands) List of Other Included Managers: N/A FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AFFILIATED MANAGERS GROUP INCC COM 008252108 10971 109588 SH Sole 86749 22839 ALASKA AIR GROUP INC COM COM 011659109 5265 138416 SH Sole 109453 28963 AMERICAN INTL GROUP COM 026874107 11485 173337 SH Sole 137102 36235 AMYLIN PHARMACEUTICALS COM COM 032346108 9619 218276 SH Sole 172891 45385 APARTMENT INVT & MGMT CL A COM 03748r101 7002 128691 SH Sole 101756 26935 ARCHSTONE SMITH TR COM COM 039583109 5627 103368 SH Sole 81754 21614 BARE ESCENTUALS INC COM COM 067511105 2443 90000 SH Sole 71217 18783 BAUSCH & LOMB INC COM COM 071707103 10033 200138 SH Sole 158254 41884 BUCYRUS INTL INC NEW CL A COM 118759109 3394 80000 SH Sole 63266 16734 CARNIVAL CORP PAIRED CTF COM 143658300 6090 129500 SH Sole 102418 27082 CHICAGO BRIDGE & IRON N Y REGI COM 167250109 1451 60322 SH Sole 47681 12641 CONTINENTAL AIRLS INC CL B COM 210795308 5932 209525 SH Sole 165799 43726 CORRECTIONS CP AM NEW COM NEW COM 22025y407 10419 240909 SH Sole 190446 50463 COVANTA HLDG CORP COM COM 22282e102 5614 260762 SH Sole 206224 54538 CYNOSURE INC CL A COM 232577205 562 38731 SH Sole 30852 7879 DOW CHEM CO COM COM 260543103 6159 158000 SH Sole 124946 33054 FOSTER WHEELER LTD SHS NEW COM g36535139 7026 182076 SH Sole 144031 38045 FRANKLIN RESOURCES INCCMN COM 354613101 8264 78151 SH Sole 61859 16292 GAMESTOP CORP NEW CL A COM 36467W109 4628 100000 SH Sole 79091 20909 GENZYME CORP COM COM 372917104 6747 99999 SH Sole 79087 20912 GMH CMNTYS TR COM COM 36188g102 1718 136100 SH Sole 107578 28522 GOODYEAR TIRE & RUBR COM COM 382550101 6503 448500 SH Sole 354737 93763 GRUPO AEROPORTUARIO DE SPON AD COM 400506101 2615 76912 SH Sole 60944 15968 ILLUMINA INC COM COM 452327109 991 30000 SH Sole 23728 6272 INFRASOURCE SVCS INC COM COM 45684p102 2947 167892 SH Sole 133863 34029 INTERNATL RECTIFIER CP COM COM 460254105 3916 112400 SH Sole 88894 23506 INTL PAPER CO COM COM 460146103 7347 212156 SH Sole 167790 44366 IPSCO INCCMN COM 462622101 5193 59919 SH Sole 47390 12529 LAS VEGAS SANDS COM 517834107 10880 159183 SH Sole 125858 33325 LIONBRIDGE TECH INC COM COM 536252109 2339 306496 SH Sole 241259 65237 MARTIN MARIETTA MATLS COM COM 573284106 9040 106825 SH Sole 84491 22334 MORGAN STANLEY COM NEW COM 617446448 11651 159799 SH Sole 126450 33349 PEABODY ENERGY CORP COM COM 704549104 4669 126943 SH Sole 100549 26394 RENT A CTR INC NEW COM COM 76009n100 2929 100000 SH Sole 79092 20908 RESEARCH IN MOTION LTD COM COM 760975102 10265 100000 SH Sole 79094 20906 SHIP FINANCE INTERNATIONAL LTD COM g81075106 4364 219308 SH Sole 173390 45918 SIERRA PAC RES NEW COM COM 826428104 3199 223066 SH Sole 176455 46611 SLM CORP COM COM 78442p106 8577 165000 SH Sole 130506 34494 SUNPOWER CORP COM CL A COM 867652109 1815 65430 SH Sole 51673 13757 SUNRISE SENIOR LIVING COM COM 86768k106 9807 328328 SH Sole 259704 68624 SUNTECH PWR HLDGS CO ADR COM 86800c104 1062 41115 SH Sole 32521 8594 SYMANTEC CORP COM COM 871503108 5320 249998 SH Sole 197773 52225 TENNECO INC COM COM 880349105 1754 75000 SH Sole 59294 15706 TESSERA TECHNOLOGIES COM COM 88164l100 5474 157394 SH Sole 124537 32857 TRANSOCEAN INC ORD COM g90078109 5858 80000 SH Sole 63280 16720 UNITEDHEALTH GROUP INCCMN COM 91324p102 13173 267752 SH Sole 211799 55953 VERISIGN INC COM COM 92343e102 3684 182385 SH Sole 144362 38023 WHOLE FOODS MKT INC COM COM 966837106 10103 169999 SH Sole 134448 35551 WILLIAMS COS INC DEL COM COM 969457100 3301 138300 SH Sole 109366 28934 ZIMMER HLDGS INC COM COM 98956p102 8693 128781 SH Sole 101841 26940 INTL PAPER CO COM COM 460146103 1731 50000 SH CALL Sole 39200 10800 NORTHFIELD LABS INC COM COM 666135108 682 47500 SH CALL Sole 36600 10900