13F-HR 1 a13f-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: December 31, 2011 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: Locust Wood Capital Advisers, LLC Address: 1540 Broadway Suite 1510 New York, NY 10036 Form 13F File Number: 28-11558 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: Paul Morris Title: Chief Financial Officer Phone: (212) 354-0193 Signature, Place and Date of Signing: /s/ Paul Morris New York, NY January 24, 2012 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 52 Form 13F Information Table Value Total: $301,016 (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 managers filing this report. No. Form 13F File Number Name 1. 28-11881 Locust Wood Capital, LP
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 Invest- Shares ment Voting or PRN Put/ Discre- Other Authority Name of Issuer Title of Class CUSIP Value X $1000 amount SH/PRN Call tion Managers Sole Shared None APPLE INC COM STK COM 037833100 9,234 22,800 SH SOLE NONE 22,800 ATLAS ENERGY L P COM STK COM 04930A104 2,059 84,725 SH SOLE NONE 84,725 ATLAS PIPELINE PARTNERS L P COM STK UNIT LTD PARTNER 049392103 554 14,900 SH SOLE NONE 14,900 BEAM INC COM 073730103 2,623 51,200 SH SOLE NONE 51,200 BERKSHIRE HATHAWAY CL A INC DEL COM 084670108 9,525 83 SH SOLE NONE 83 BERKSHIRE HATHAWAY INC CLASS B COM CLASS B COM 084670702 7,550 98,950 SH SOLE NONE 98,950 BROOKFIELD ASSET MGMT INC CL A LTD VT COM 112585104 3,990 145,200 SH SOLE NONE 145,200 BROOKFIELD INFRAST PARTNERS LP LP INT COM G16252101 6,025 217,500 SH SOLE NONE 217,500 BROOKFIELD RESIDENTIAL PROPERTIES INC COM 11283W104 4,978 637,400 SH SOLE NONE 637,400 CDN PAC RLWAY COM 13645T100 4,953 73,200 SH SOLE NONE 73,200 CISCO SYSTEMS ORD COM 17275R102 3,813 210,900 SH SOLE NONE 210,900 CITIGROUP INC COM STK COM 172967424 4,091 155,500 SH SOLE NONE 155,500 CITIGROUP INC CONV PFD 12/15/2012 PREFERRED 172967416 3,121 38,800 SH SOLE NONE 38,800 DOMINOS PIZZA COM 25754A201 2,410 71,000 SH SOLE NONE 71,000 DOW CHEMICAL CORP COM STK COM 260543103 3,379 117,500 SH SOLE NONE 117,500 ECOLAB ORD COM 278865100 17,877 309,238 SH SOLE NONE 309,238 EL PASO ORD COM 28336L109 16,588 624,300 SH SOLE NONE 624,300 ENERGY TRANSFER PARTNERS L P COM STK UNIT LTD PARTNER 29273R109 1,376 30,000 SH SOLE NONE 30,000 EXXON MOBIL CORP COM STK COM 30231G102 4,306 50,800 SH SOLE NONE 50,800 FAMILY DOLLAR STORES INC COM STK COM 307000109 4,399 76,300 SH SOLE NONE 76,300 FORD MOTOR WRNT EXP 01/01/2013 WARRANTS 345370134 7 2,800 SH SOLE NONE 2,800 FORTUNE BRANDS HOME & SECURITY INC W/I COM 34964C106 1,303 76,500 SH SOLE NONE 76,500 GENERAL GROWTH PROPERTIES REIT COM 370023103 10,637 708,200 SH SOLE NONE 708,200 GOOGLE INC CL A COM STK COM 38259P508 13,499 20,900 SH SOLE NONE 20,900 GRACE W R & CO DEL NEW COM STK COM 38388F108 6,016 131,000 SH SOLE NONE 131,000 HOLLY ENERGY PARTNERS LP COM STK UNIT LTD PARTNER 435763107 860 16,000 SH SOLE NONE 16,000 HOWARD HUGHES CORP COM 44267D107 97 2200 SH SOLE NONE 2200 HSN INC COM 404303109 2,774 76,500 SH SOLE NONE 76,500 INTL BUSINESS MACHS CORP COM COM 459200101 9,231 50,200 SH SOLE NONE 50,200 JOHNSON & JOHNSON COM COM 478160104 3,672 56,000 SH SOLE NONE 56,000 JPMORGAN CHASE & CO COM COM 46625H100 5,327 160,200 SH SOLE NONE 160,200 KAPSTONE PAPER & PACKAGING CORP COM COM 48562P103 787 50,000 SH SOLE NONE 50,000 KINDER MORGAN MANAGEMENT ORD COM 49455U100 79 1,000 SH SOLE NONE 1,000 KKR & CO L P DEL LIMITED PARTNERSHIP UNIT LTD PARTNER 48248M102 5,219 406,800 SH SOLE NONE 406,800 KRAFT FOODS INC COM 50075N104 8,933 239,100 SH SOLE NONE 239,100 LOWES COS INC COM STK COM 548661107 1,325 52,200 SH SOLE NONE 52,200 MACQUARIE INFRASTRUCTURE COMPA COM STK COM 55608B105 4,264 152,550 SH SOLE NONE 152,550 MACYS INC COM STK COM 55616P104 5,632 175,000 SH SOLE NONE 175,000 MICROSOFT ORD COM 594918104 9,893 381,000 SH SOLE NONE 381,000 MOTOROLA SOLUTIONS INC COM 620076307 14,961 323,200 SH SOLE NONE 323,200 PFIZER INC SHS COM 717081103 9,325 430,925 SH SOLE NONE 430,925 QUALCOMM ORD COM 747525103 10,721 196,000 SH SOLE NONE 196,000 STAR GAS PARTNERS L.P. COM STK UNIT LTD PARTNER 85512C105 2,435 500,000 SH SOLE NONE 500,000 SUNOCO ORD COM 86764P109 18,697 455,800 SH SOLE NONE 455,800 THE HOWARD HUGHS COM 44267D107 5,822 131,800 SH SOLE NONE 131,800 TRAVELERS COS INC COM STK COM 89417E109 8,528 144,125 SH SOLE NONE 144,125 VALEANT PHARMACEUTICALS INTERN COM COM 91911K102 4,720 101,100 SH SOLE NONE 101,100 VANGUARD DIVIDEND APPREC ETF COM 921908844 8,312 152,100 SH SOLE NONE 152,100 VODAFONE GROUP PLC SP ADR SPONSORED ADR 92857W209 8,703 310,500 SH SOLE NONE 310,500 WELLS FARGO & CO-CW18 WT EXP10/28/18 WARRANTS 949746119 437 50,900 SH SOLE NONE 50,900 WR GRACE ORD COM 38388F108 110 2,400 SH SOLE NONE 2,400 YAHOO! ORD COM 984332106 5,839 362,000 SH SOLE NONE 362,000