13F-HR 1 c118113fhr.txt REPORT FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2012 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: Absolute Investment Management LLC Address: 7315 Wisconsin Ave., Suite 750 West Tower Bethesda, MD 20814 Form 13F File Number: 028-14993 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: Daniel Cohen Title: Managing Director Phone: 301-907-6795 Signature, Place, and Date of Signing: /s/ Daniel Cohen Bethesda, MD January 18, 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).) 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: 198 FORM 13F INFORMATION TABLE VALUE TOTAL: $247,703 (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. NONE ABSOLUTE INVESTMENT MANAGEMENT LLC FORM 13F HOLDINGS REPORT
TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE AGIC EQUITY & CONV INCOME FD COM 00119P102 13 755.76 SH Sole None 0 0 755.76 AOL INC COM 00184X105 0 2.00 SH Sole None 0 0 2.00 AT&T INC COM 00206R102 177 5,258.00 SH Sole None 0 0 5,258.00 ABBOTT LABS COM 002824100 33 500.00 SH Sole None 0 0 500.00 ADVISORSHARES TR RANGER EQUITY BE 00768Y883 19 1,050.00 SH Sole None 0 0 1,050.00 ALCATEL-LUCENT SPONSORED ADR 013904305 0 63.00 SH Sole None 0 0 63.00 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 0 3.00 SH Sole None 0 0 3.00 ALTRIA GROUP INC COM 02209S103 246 7,829.38 SH Sole None 0 0 7,829.38 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 6 250.00 SH Sole None 0 0 250.00 AMERICAN CAPITAL AGENCY CORP COM 02503X105 950 32,878.77 SH Sole None 0 0 32,878.77 AMERICAN ELEC PWR INC COM 025537101 73 1,700.00 SH Sole None 0 0 1,700.00 AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 0 1.00 SH Sole None 0 0 1.00 AMERICAN INTL GROUP INC COM NEW 026874784 0 2.00 SH Sole None 0 0 2.00 AMERIGAS PARTNERS L P UNIT L P INT 030975106 0 0.00 SH Sole None 0 0 0.00 ANNALY CAP MGMT INC COM 035710409 1,152 82,065.57 SH Sole None 0 0 82,065.57 APPLE INC COM 037833100 79 149.00 SH Sole None 0 0 149.00 ATMOS ENERGY CORP COM 049560105 2,966 84,451.38 SH Sole None 0 0 84,451.38 BP PLC SPONSORED ADR 055622104 5 120.00 SH Sole None 0 0 120.00 BARCLAYS BK PLC IPATH S&P500 VIX 06740C188 13 400.00 SH Sole None 0 0 400.00 BARRICK GOLD CORP COM 067901108 7 194.00 SH Sole None 0 0 194.00 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16 175.00 SH Sole None 0 0 175.00 BLACKROCK MUNIYLD MICH QLTY COM 09254V105 16 1,000.00 SH Sole None 0 0 1,000.00 BLACKROCK MUNIYLD MICH QLTY COM 09254W103 14 1,000.00 SH Sole None 0 0 1,000.00 BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 1 20.17 SH Sole None 0 0 20.17 BOEING CO COM 097023105 10 134.00 SH Sole None 0 0 134.00 BRIGUS GOLD CORP COM 109490102 9 9,700.00 SH Sole None 0 0 9,700.00 BRISTOL MYERS SQUIBB CO COM 110122108 91 2,784.00 SH Sole None 0 0 2,784.00 CH ENERGY GROUP INC COM 12541M102 0 1.00 SH Sole None 0 0 1.00 CMS ENERGY CORP COM 125896100 22 909.75 SH Sole None 0 0 909.75 CALPINE CORP COM NEW 131347304 9 474.00 SH Sole None 0 0 474.00 CAPSTEAD MTG CORP COM NO PAR 14067E506 56 4,900.00 SH Sole None 0 0 4,900.00 CEL-SCI CORP COM NEW 150837409 0 2.00 SH Sole None 0 0 2.00 CENTRAL FD CDA LTD CL A 153501101 9,365 445,315.00 SH Sole None 0 0 445,315.00 CHEVRON CORP NEW COM 166764100 136 1,255.00 SH Sole None 0 0 1,255.00 CHIMERA INVT CORP COM 16934Q109 2 750.00 SH Sole None 0 0 750.00 COCA COLA CO COM 191216100 11 300.00 SH Sole None 0 0 300.00 COLGATE PALMOLIVE CO COM 194162103 21 205.00 SH Sole None 0 0 205.00 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 7 155.00 SH Sole None 0 0 155.00 CONOCOPHILLIPS COM 20825C104 2 30.00 SH Sole None 0 0 30.00 CONSOL ENERGY INC COM 20854P109 3 100.00 SH Sole None 0 0 100.00 CONSOLIDATED EDISON INC COM 209115104 3,690 66,435.87 SH Sole None 0 0 66,435.87 CONTANGO OIL & GAS COMPANY COM NEW 21075N204 2 57.00 SH Sole None 0 0 57.00 CRESUD S A C I F Y A SPONSORED ADR 226406106 1 142.00 SH Sole None 0 0 142.00 CROWN HOLDINGS INC COM 228368106 7 200.00 SH Sole None 0 0 200.00 CURRENCYSHARES AUSTRALIAN DL AUSTRALIAN DOL 23129U101 22 215.00 SH Sole None 0 0 215.00 CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 2 18.00 SH Sole None 0 0 18.00 CURRENCYSHARES CDN DLR TR CDN DOLLAR SHS 23129X105 7 70.00 SH Sole None 0 0 70.00 DELAWARE INV MN MUN INC FD I COM 24610V103 61 4,000.00 SH Sole None 0 0 4,000.00 DEUTSCHE BK AG LONDON BRH INV JAP GOV BD 25154P170 40 2,050.00 SH Sole None 0 0 2,050.00 DIREXION SHS ETF TR GLD MNRS BULL 3X 25459W250 1 100.00 SH Sole None 0 0 100.00 DISCOVERY LABORATORIES INC N COM NEW 254668403 2 889.00 SH Sole None 0 0 889.00 DISNEY WALT CO COM DISNEY 254687106 0 5.00 SH Sole None 0 0 5.00 DOMINION RES INC VA NEW COM 25746U109 48 933.00 SH Sole None 0 0 933.00 DUKE ENERGY CORP NEW COM NEW 26441C204 6,260 98,116.92 SH Sole None 0 0 98,116.92 DUNKIN BRANDS GROUP INC COM 265504100 9 275.00 SH Sole None 0 0 275.00 EQT CORP COM 26884L109 0 0.00 SH Sole None 0 0 0.00 ETFS SILVER TR SILVER SHS 26922X107 6 200.00 SH Sole None 0 0 200.00 ETFS GOLD TR SHS 26922Y105 1,168 7,070.00 SH Sole None 0 0 7,070.00 ETFS ASIAN GOLD TR PHYS ASAIN GLD 26923C102 17 100.00 SH Sole None 0 0 100.00 EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 16 439.40 SH Sole None 0 0 439.40 ELDORADO GOLD CORP NEW COM 284902103 0 21.00 SH Sole None 0 0 21.00 ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 26 610.00 SH Sole None 0 0 610.00 ENTERGY CORP NEW COM 29364G103 11 170.00 SH Sole None 0 0 170.00 ERICSSON ADR B SEK 10 294821608 23 2,300.00 SH Sole None 0 0 2,300.00 EXELON CORP COM 30161N101 34 1,136.39 SH Sole None 0 0 1,136.39 EXXON MOBIL CORP COM 30231G102 9 100.00 SH Sole None 0 0 100.00 FIRST MAJESTIC SILVER CORP COM 32076V103 19 950.00 SH Sole None 0 0 950.00 FRONTIER COMMUNICATIONS CORP COM 35906A108 3 599.00 SH Sole None 0 0 599.00 GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 10 750.00 SH Sole None 0 0 750.00 GENERAL ELECTRIC CO COM 369604103 1 50.00 SH Sole None 0 0 50.00 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 9 210.00 SH Sole None 0 0 210.00 GOLD RESOURCE CORP COM 38068T105 0 27.00 SH Sole None 0 0 27.00 GOLDCORP INC NEW COM 380956409 59 1,600.00 SH Sole None 0 0 1,600.00 GOLDEN STAR RES LTD CDA COM 38119T104 6 3,000.00 SH Sole None 0 0 3,000.00 HEALTH CARE REIT INC COM 42217K106 6 100.00 SH Sole None 0 0 100.00 IAMGOLD CORP COM 450913108 1 100.00 SH Sole None 0 0 100.00 INTERNATIONAL BUSINESS MACHS COM 459200101 7 35.00 SH Sole None 0 0 35.00 INVESCO VALUE MUN INCOME TR COM 46132P108 61 3,600.00 SH Sole None 0 0 3,600.00 ISHARES GOLD TRUST ISHARES 464285105 378 23,219.00 SH Sole None 0 0 23,219.00 ISHARES TR BARCLYS TIPS BD 464287176 39,976 329,265.95 SH Sole None 0 0 329,265.95 ISHARES TR BARCLYS 20+ YR 464287432 71 585.00 SH Sole None 0 0 585.00 ISHARES TR BARCLYS 7-10 YR 464287440 35 325.00 SH Sole None 0 0 325.00 ISHARES TR BARCLYS 1-3 YR 464287457 13,609 161,210.25 SH Sole None 0 0 161,210.25 ISHARES TR NASDQ BIO INDX 464287556 813 5,925.08 SH Sole None 0 0 5,925.08 ISHARES TR CORE S&P SCP ETF 464287804 8 100.00 SH Sole None 0 0 100.00 ISHARES TR AGENCY BD FD 464288166 847 7,475.00 SH Sole None 0 0 7,475.00 ISHARES TR BARCLYS MBS BD 464288588 43,813 405,715.91 SH Sole None 0 0 405,715.91 ISHARES TR BARCLYS INTER CR 464288638 5 49.00 SH Sole None 0 0 49.00 ISHARES TR BARCLYS 3-7 YR 464288661 78 633.01 SH Sole None 0 0 633.01 ISHARES SILVER TRUST ISHARES 46428Q109 38 1,289.00 SH Sole None 0 0 1,289.00 ISHARES TR BRC 0-5 YR TIP 46429B747 31 300.00 SH Sole None 0 0 300.00 JDS UNIPHASE CORP COM PAR $0.001 46612J507 1 81.00 SH Sole None 0 0 81.00 JOHNSON & JOHNSON COM 478160104 63 900.19 SH Sole None 0 0 900.19 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 8 100.00 SH Sole None 0 0 100.00 KRAFT FOODS GROUP INC COM 50076Q106 2 33.00 SH Sole None 0 0 33.00 LSI CORPORATION COM 502161102 0 10.00 SH Sole None 0 0 10.00 LILLY ELI & CO COM 532457108 15 303.91 SH Sole None 0 0 303.91 LOWES COS INC COM 548661107 18 500.00 SH Sole None 0 0 500.00 MAG SILVER CORP COM 55903Q104 0 48.00 SH Sole None 0 0 48.00 MANPOWERGROUP INC COM 56418H100 0 2.00 SH Sole None 0 0 2.00 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 3,747 80,766.58 SH Sole None 0 0 80,766.58 MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 6,771 170,417.04 SH Sole None 0 0 170,417.04 MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 3,005 151,832.09 SH Sole None 0 0 151,832.09 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 71 1,350.00 SH Sole None 0 0 1,350.00 MAXIMUS INC COM 577933104 1 20.00 SH Sole None 0 0 20.00 MCDONALDS CORP COM 580135101 20 222.00 SH Sole None 0 0 222.00 MCEWEN MNG INC COM 58039P107 2 579.00 SH Sole None 0 0 579.00 MERCK & CO INC NEW COM 58933Y105 10 241.00 SH Sole None 0 0 241.00 MICROSOFT CORP COM 594918104 13 468.00 SH Sole None 0 0 468.00 MIDDLESEX WATER CO COM 596680108 16 799.24 SH Sole None 0 0 799.24 MONDELEZ INTL INC CL A 609207105 3 100.00 SH Sole None 0 0 100.00 NEW GOLD INC CDA COM 644535106 1 123.00 SH Sole None 0 0 123.00 NEWMONT MINING CORP COM 651639106 133 2,860.77 SH Sole None 0 0 2,860.77 NEXTERA ENERGY INC COM 65339F101 3 50.00 SH Sole None 0 0 50.00 NOKIA CORP SPONSORED ADR 654902204 0 90.00 SH Sole None 0 0 90.00 NOVO-NORDISK A S ADR 670100205 12 75.00 SH Sole None 0 0 75.00 NUVEEN FLOATING RATE INCOME COM 67072T108 12 963.00 SH Sole None 0 0 963.00 NYMOX PHARMACEUTICAL CORP COM 67076P102 4 550.00 SH Sole None 0 0 550.00 NUVEEN MICH QUALITY INCOME M COM 670979103 15 1,000.00 SH Sole None 0 0 1,000.00 NUVEEN MICH PREM INCOME MUN COM 67101Q109 15 1,000.00 SH Sole None 0 0 1,000.00 PG&E CORP COM 69331C108 2 51.00 SH Sole None 0 0 51.00 PPL CORP COM 69351T106 29 1,000.00 SH Sole None 0 0 1,000.00 PVR PARTNERS L P COM UNIT REPTG L 693665101 0 0.00 SH Sole None 0 0 0.00 PEMBINA PIPELINE CORP COM 706327103 16 567.00 SH Sole None 0 0 567.00 PENGROWTH ENERGY CORP COM 70706P104 16 3,143.71 SH Sole None 0 0 3,143.71 PEPCO HOLDINGS INC COM 713291102 5 235.00 SH Sole None 0 0 235.00 PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2 100.00 SH Sole None 0 0 100.00 PFIZER INC COM 717081103 20 782.00 SH Sole None 0 0 782.00 PHILIP MORRIS INTL INC COM 718172109 255 3,043.32 SH Sole None 0 0 3,043.32 PIMCO ETF TR 1-5 US TIP IDX 72201R205 31,494 582,583.89 SH Sole None 0 0 582,583.89 PIMCO ETF TR TOTL RETN ETF 72201R775 6 52.00 SH Sole None 0 0 52.00 PIMCO ETF TR 0-5 HIGH YIELD 72201R783 3 27.00 SH Sole None 0 0 27.00 POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 3 90.00 SH Sole None 0 0 90.00 POWERSHS DB US DOLLAR INDEX DOLL INDX BEAR 73936D206 8 290.00 SH Sole None 0 0 290.00 PROCTER & GAMBLE CO COM 742718109 117 1,718.00 SH Sole None 0 0 1,718.00 PROSHARES TR PSHS ULSHT SP500 74347B300 4 75.00 SH Sole None 0 0 75.00 PROSHARES TR ULTR 7-10 TREA 74347R180 47 826.00 SH Sole None 0 0 826.00 PROSHARES TR PSHS SHRT S&P500 74347R503 25,048 736,044.00 SH Sole None 0 0 736,044.00 PROSHARES TR PSHS SHORT DOW30 74347R701 709 20,600.00 SH Sole None 0 0 20,600.00 PROSHARES TR PSHS SHTRUSS2000 74347R826 8,117 333,772.00 SH Sole None 0 0 333,772.00 PROSHARES TR II ULTRASHORT YEN N 74347W569 20 400.00 SH Sole None 0 0 400.00 PROSHARES TR II ULTRASHRT EURO 74347W882 29 1,500.00 SH Sole None 0 0 1,500.00 PROSHARES TR ULTRA SH DOW30 74347X112 2 25.00 SH Sole None 0 0 25.00 QUALCOMM INC COM 747525103 0 3.00 SH Sole None 0 0 3.00 REALTY INCOME CORP COM 756109104 0 0.42 SH Sole None 0 0 0.42 REDWOOD TR INC COM 758075402 5 325.00 SH Sole None 0 0 325.00 RETAIL PPTYS AMER INC CL A 76131V202 5 424.00 SH Sole None 0 0 424.00 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 0 2.00 SH Sole None 0 0 2.00 ROYAL GOLD INC COM 780287108 6 76.00 SH Sole None 0 0 76.00 RUBICON MINERALS CORP COM 780911103 0 135.00 SH Sole None 0 0 135.00 SPDR S&P 500 ETF TR TR UNIT 78462F103 18 125.00 SH Sole None 0 0 125.00 SPDR GOLD TRUST GOLD SHS 78463V107 33,757 208,349.00 SH Sole None 0 0 208,349.00 SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 43 948.00 SH Sole None 0 0 948.00 SPDR SERIES TRUST S&P BIOTECH 78464A870 4 50.00 SH Sole None 0 0 50.00 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 0 0.43 SH Sole None 0 0 0.43 SCANA CORP NEW COM 80589M102 32 700.00 SH Sole None 0 0 700.00 SCHLUMBERGER LTD COM 806857108 1 15.00 SH Sole None 0 0 15.00 SCHWAB CHARLES CORP NEW COM 808513105 2 150.40 SH Sole None 0 0 150.40 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 0 0.69 SH Sole None 0 0 0.69 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 5 75.00 SH Sole None 0 0 75.00 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,530 101,085.77 SH Sole None 0 0 101,085.77 SEMPRA ENERGY COM 816851109 10 148.00 SH Sole None 0 0 148.00 SERVICENOW INC COM 81762P102 3 100.00 SH Sole None 0 0 100.00 SILVER STD RES INC COM 82823L106 52 3,500.00 SH Sole None 0 0 3,500.00 SILVER WHEATON CORP COM 828336107 21 587.00 SH Sole None 0 0 587.00 SMUCKER J M CO COM NEW 832696405 0 1.00 SH Sole None 0 0 1.00 SOUTHERN CO COM 842587107 2,650 61,907.99 SH Sole None 0 0 61,907.99 SPECTRA ENERGY CORP COM 847560109 17 604.00 SH Sole None 0 0 604.00 SPECTRA ENERGY PARTNERS LP COM 84756N109 16 506.77 SH Sole None 0 0 506.77 STARBUCKS CORP COM 855244109 2 32.14 SH Sole None 0 0 32.14 STRYKER CORP COM 863667101 1 25.00 SH Sole None 0 0 25.00 SUPERVALU INC COM 868536103 49 20,000.00 SH Sole None 0 0 20,000.00 SYNTROLEUM CORP COM 871630109 0 200.00 SH Sole None 0 0 200.00 TJX COS INC NEW COM 872540109 2 50.00 SH Sole None 0 0 50.00 TAHOE RES INC COM 873868103 9 500.00 SH Sole None 0 0 500.00 TARGET CORP COM 87612E106 1 25.00 SH Sole None 0 0 25.00 TELEFONICA S A SPONSORED ADR 879382208 0 29.00 SH Sole None 0 0 29.00 TERADATA CORP DEL COM 88076W103 10 159.25 SH Sole None 0 0 159.25 TIME WARNER CABLE INC COM 88732J207 10 100.00 SH Sole None 0 0 100.00 UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 0 8.00 SH Sole None 0 0 8.00 URANIUM ENERGY CORP COM 916896103 15 6,000.00 SH Sole None 0 0 6,000.00 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 257 3,175.00 SH Sole None 0 0 3,175.00 VERIZON COMMUNICATIONS INC COM 92343V104 127 2,945.11 SH Sole None 0 0 2,945.11 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 12 480.00 SH Sole None 0 0 480.00 WAL-MART STORES INC COM 931142103 7 96.00 SH Sole None 0 0 96.00 WALTER INVT MGMT CORP COM 93317W102 0 5.00 SH Sole None 0 0 5.00 WESTERN ASSET MUN DEF OPP TR COM 95768A109 58 2,500.00 SH Sole None 0 0 2,500.00 WESTERN ASSET INTM MUNI FD I COM 958435109 58 5,500.00 SH Sole None 0 0 5,500.00 WESTPORT INNOVATIONS INC COM NEW 960908309 7 272.00 SH Sole None 0 0 272.00 WISCONSIN ENERGY CORP COM 976657106 18 500.00 SH Sole None 0 0 500.00 WISDOMTREE TRUST LARGECAP DIVID 97717W307 31 584.00 SH Sole None 0 0 584.00 WISDOMTREE TR WSDM EMKTBD FD 97717X784 3 37.00 SH Sole None 0 0 37.00 XYLEM INC COM 98419M100 0 0.00 SH Sole None 0 0 0.00 YAMANA GOLD INC COM 98462Y100 54 3,119.00 SH Sole None 0 0 3,119.00 ZION OIL & GAS INC *W EXP 12/31/201 989696125 0 790.00 SH Sole None 0 0 790.00 BUNGE LIMITED COM G16962105 3 35.00 SH Sole None 0 0 35.00 MANCHESTER UTD PLC NEW ORD CL A G5784H106 0 5.00 SH Sole None 0 0 5.00 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 3 100.00 SH Sole None 0 0 100.00