13F-HR 1 d255651d13fhr.txt FORM 13F-HR 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, 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: Account Management, LLC Address: 17 Arlington Street Boston, MA 02116 Form 13F File Number: 28-01363 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: Christopher de Roetth Title: Principal Phone: 617-236-4200 Signature, Place, and Date of Signing: Christopher de Roetth (signature on file) Boston, MA November 14, 2011 ----------------------------------------- ------------------ ----------------- [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 11/11/2011
(SEC USE ONLY) Page 1 of 4 FORM 13 F Name of Reporting Manager Account Management, LLC Item 6: Investment Discretion ------------------------ Item 8: (b) Voting Authority Item 2: Item 5: Shared- Item 7: (Shares) Title Item 3: Item 4: Shares or As Defined (c) Managers ------------------- Item 1: of CUSIP Fair Market Principal (a) in Shared- See (a) (b) (c) Name of Issuer Class Number Value Amount Sole Instr. V Other Instr. V Sole Shared None ------------------------------------ ------ --------- ----------- --------- ------- ---------- ------- -------- ------- ------ ---- Berkshire Hathaway Hld B Common Stock 084670207 11,290,600 158,933 158,933 158,933 Berkshire Hathaway Inc. CL "A" Common Stock 084670108 1,815,600 17 17 17 D R Horton Inc Common Stock 23331A109 3,162,192 349,800 349,800 349,800 Credit Acceptance Corporation Common Stock 225310101 14,036,079 218,087 218,087 218,087 Encana Corporation Common Stock 292505104 201,705 10,500 10,500 10,500 ETFS Metal Securities Austrailia LTD Common Redeemable Pref SHS Stock Q3635T113 488,895 2,963 2,963 2,963 Agnico Eagle Common Stock 008474108 1,996,896 33,550 33,550 33,550 Energy Recovery Inc. Common Stock 29270J100 75,000 25,000 25,000 25,000 Maxim Integrated Products Common Stock 57772K101 5,607,949 240,375 240,375 240,375 Ritchie Bros. Auction Common Stock 767744105 1,088,241 53,900 53,900 53,900 Aurico Gold Inc Com Common Stock 05155C105 691,370 73,550 73,550 73,550 Common Stock 0 0 Common Stock 0 0 ----------- --------- COLUMN TOTALS 40,454,527 1,166,675 =========== =========
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(SEC USE ONLY) Page 2 of 4 FORM 13 F Name of Reporting Manager Account Management, LLC Item 6: Investment Discretion ------------------------ Item 8: (b) Voting Authority Item 2: Item 5: Shared- Item 7: (Shares) Title Item 3: Item 4: Shares or As Defined (c) Managers ------------------- Item 1: of CUSIP Fair Market Principal (a) in Shared- See (a) (b) (c) Name of Issuer Class Number Value Amount Sole Instr. V Other Instr. V Sole Shared None ------------------------------------ ------ --------- ----------- --------- ------- ---------- ------- -------- ------- ------ ---- Barrick Gold Corporation Common Stock 067901108 4,882,716 104,667 104,667 104,667 Canadian Natural Resources Common Stock 136385101 466,857 15,950 15,950 15,950 Microsoft Corporation Common Stock 594918104 4,548,399 182,740 182,740 182,740 Johnson & Johnson Common Stock 478160104 2,005,598 31,490 31,490 31,490 Leucadia National Corp Common Stock 527288104 1,202,040 53,000 53,000 53,000 Goldcorp Inc. Common Stock 380956409 8,301,688 181,895 181,895 181,895 Monsanto Co. (New) Common Stock 6116W101 450,300 7,500 7,500 7,500 Accretive Health Inc Common Stock 00438V103 1,740,860 82,000 82,000 82,000 Central Fund of Canada Ltd. Common Stock 153501101 475,870 23,000 23,000 23,000 G Check PT Software Ford Common Stock M22465104 3,199,894 60,650 60,650 60,650 CTPartners Executive S Common Stock 22945C105 209,139 43,300 43,300 43,300 Enterprise Prods Partners LP Common Stock 293792107 2,173,721 54,140 54,140 54,140 Powersecure International, Inc. Common Stock 73936N105 830,550 175,592 175,592 175,592 SPDR Gold Trust Common Stock 863307104 4,891,641 30,948 30,948 30,948 ----------- --------- COLUMN TOTALS 35,379,273 1,046,872 =========== =========
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(SEC USE ONLY) Page 3 of 4 FORM 13 F Name of Reporting Manager Account Management, LLC Item 6: Investment Discretion ------------------------ Item 8: (b) Voting Authority Item 2: Item 5: Shared- Item 7: (Shares) Title Item 3: Item 4: Shares or As Defined (c) Managers ------------------- Item 1: of CUSIP Fair Market Principal (a) in Shared- See (a) (b) (c) Name of Issuer Class Number Value Amount Sole Instr. V Other Instr. V Sole Shared None ------------------------------------ ------ --------- ----------- --------- ------- ---------- ------- -------- ------- ------ ---- Petaquilla Minerals LTD Common Stock 716013107 224,272 350,425 350,425 350,425 Transdigm Group Inc. Common Stock 893641100 1,878,410 23,000 23,000 23,000 Penn West Energy Trust Common Stock 707885109 183,443 12,420 12,420 12,420 Cenovous Energy Inc Common Stock 15135U109 214,970 7,000 7,000 7,000 Randgold Res. LTD F Common Stock 752344309 241,800 2,500 2,500 2,500 Sprott Physical Gold Trust Common Stock 85207H104 1,539,793 109,750 109,750 109,750 Schlumberger Common Stock 806857108 268,785 4,500 4,500 4,500 Asia Tigers Fund Inc Common Stock 04516T105 455,038 30,850 30,850 30,850 Exxon Mobil Corporation Common Stock 30231G102 3,558,797 48,999 48,999 48,999 KB Home Common Stock 48666K109 908,300 155,000 155,000 155,000 EMC Corp Mass Common Stock 268648102 713,660 34,000 34,000 34,000 Common Stock 0 0 Common Stock 0 0 ----------- --------- COLUMN TOTALS 10,187,268 778,444 =========== =========
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(SEC USE ONLY) Page 4 of 4 FORM 13 F Name of Reporting Manager Account Management, LLC Item 6: Investment Discretion ------------------------ Item 8: (b) Voting Authority Item 2: Item 5: Shared- Item 7: (Shares) Title Item 3: Item 4: Shares or As Defined (c) Managers ------------------- Item 1: of CUSIP Fair Market Principal (a) in Shared- See (a) (b) (c) Name of Issuer Class Number Value Amount Sole Instr. V Other Instr. V Sole Shared None ------------------------------------ ------ --------- ----------- --------- ------- ---------- ------- -------- ------- ------ ---- Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 Common Stock 0 0 0 0