13F-HR 1 rapidan13fhr080309.txt FORM 13F-HR - RAPIDAN CAPITAL, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Report for the Calendar Year or Quarter Ended: June 30, 2009 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: Rapidan Capital, LLC Address: 510 Thornall Street, Suite 320 Edison, NJ 08837 Form 13F File Number: 28-11846 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 the 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: David L. Berkowitz Title: Managing Member Phone: 732.632.8835 Signature, Place, and Date of Signing: /s/ David L. Berkowitz Edison, NJ 08/03/09 ---------------------- ------------- ------------ [Signature] [City, State] [Date] Report Type: [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F SUMMARY PAGE REPORT SUMMARY Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 58 Form 13F Information Table Value Total: $71,993 (in thousands) List of Other Included Managers: None

TITLE VALUE SHRS OR SH/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- ----- -------- ------- --- ---------- -------- ---- ------ ---- 3M CO COM COM 88579Y101 ~~1878~~2271 37780 SH SHARED-OTHER 0 7100 0 30680 A C MOORE ARTS & CRAFTS INC COM 00086T103 ~~244~~778 ~~129000~~207000 SH SOLE ~~129000~~0 207000 0 0 ACCENTURE LTD ~~COM~~BERMUDA CL A ISIN#BMG1150G11 COM ~~g1150g111~~G1150G111 ~~567~~691 20640 SH SHARED-OTHER 0 8500 0 12140 ALBEMARLE CORP COM 012653101 205 8000 SH SHARED-OTHER 0 0 0 8000 ALLIANCE BERSTEIN PORTFOLIOS - ALLIANCEBER COM 01877f666 ~~165~~196 ~~22529.982~~22530 SH SHARED-OTHER 0 0 0 22529.982 AMGEN INC COM COM 031162100 ~~1942~~2076 39220 SH SHARED-OTHER 0 3900 0 35320 AUTOZONE INC COM COM 053332102 ~~490~~455 3014 SH SHARED-OTHER 0 0 0 3014 BB&T CORP COM COM 054937107 ~~245~~318 14476 SH SHARED-OTHER 0 0 0 14476 BEST BUY COMPANY INC COM 086516101 ~~835~~854 ~~22000~~25500 SH SHARED-OTHER 0 3500 0 22000 BMC SOFTWARE INC. COM ~~COM~~ 055921100 ~~1320~~1352 40000 SH SHARED-OTHER 0 0 0 40000 BORDERS GROUP INC COM COM 099709107 891043 ~~142000~~283300 SH SOLE ~~142000~~0 283300 0 0 BP PLC SPONSORED ADR SPON ADR 055622104 ~~201~~238 5002 SH SHARED-OTHER 0 0 0 5002 BRISTOL-MYERS SQUIBB CO COM COM 110122108 ~~1316~~1220 60052 SH SHARED-OTHER 0 0 0 60052 CARDINAL ~~HEALTH~~HLTH INC COM COM ~~14149Y108~~14149y108 ~~456~~443 14500 SH SHARED-OTHER 0 0 0 14500 CISCO SYSTEMS INC COM 17275R102 ~~359~~399 21420 SH SHARED-OTHER 0 16400 0 5020 CVS CAREMARK CORP COM 126650100 ~~433~~502 15738 SH SHARED-OTHER 0 8300 0 7438 DELL INC COM COM 24702R101 ~~444~~364 ~~46800~~26500 SH SHARED-OTHER ~~20300~~0 0 0 26500 EL PASO CORP COM COM ~~28336L109~~28336l109 ~~551~~813 88087 SH SHARED-OTHER 0 0 0 88087 EXXON MOBIL CORP COM COM 30231G102 ~~4469~~4588 65624 SH SHARED-OTHER 0 10300 0 55324 GENERAL ELECTRIC CO COM COM 369604103 ~~1861~~2157 184083 SH SHARED-OTHER 0 0 0 184083 GENERAL MOLY INC COM COM 370373102 60125 56400 SH SOLE 0 56400 0 0 GENZYME CORP COM FORMERLY COM GEN DIV TO 5 COM 372917104 ~~1247~~1325 ~~21001~~23801 SH SHARED-OTHER 0 ~~21001~~2800 ~~GOOGLE~~0 ~~INC-CL~~21001 ~~A COM 38259p508 388 1115 SH SHARED-OTHER 1100 15~~ HARSCO CORP COM ~~COM~~ 415864107 ~~398~~508 17940 SH SHARED-OTHER 0 11450 0 6490 HUBBELL INC CL B COM COM 443510201 ~~906~~1077 33600 SH SHARED-OTHER 0 0 0 33600 IBM CORP COM 459200101 ~~533~~574 5500 SH SOLE ~~5500~~ 0 ~~INGERSOLL-RAND~~5500 ~~CO LTD COM COM g4776g101 216 15634 SH SHARED-OTHER~~ 0 ~~15634 JOHNSON & JOHNSON COM COM 478160104 5596 106390 SH SHARED-OTHER 10700 95690 LEAP WIRELESS INTL INC COM NEW COM 521863308 422 12100 SH SOLE 12100~~ 0 ~~LITTELFUSE INC COM 537008104 110 10032 SH SHARED~~INGERSOLL-~~OTHER~~RAND 0 10032 LODGENET INTERACTIVE CORP COM COM 540211109 192 120700 SH SOLE 120700 0 MARKEL CORP COM COM 570535104 7609 26805 SH SHARED-OTHER 3500 23305 MEDCO HEALTH SOLUTIONS INC COM COM 58405u102 688 16640 SH SHARED-OTHER 0 16640 MEDTRONIC INC COM 585055106 2718 92226 SH SHARED-OTHER 7860 84366 MERCK & CO INC COM COM 589331107 820 30646 SH SHARED-OTHER 0 30646 MICROSOFT CORP COM COM 594918104 4815 262107 SH SHARED-OTHER 19000 243107 MILLER HERMAN INC COM 600544100 143 13400 SH SOLE 13400 0 NALCO HLDG CO COM COM 62985Q101 218 16700 SH SHARED-OTHER 10200 6500 NORFOLK SOUTHERN CORP COM COM 655844108 911 27000 SH SHARED-OTHER 0 27000 ORACLE CORP COM 68389X105 314 17400 SH SHARED-OTHER 15800 1600 PFIZER INC COM COM 717081103 1782 130820 SH SHARED-OTHER 24200 106620 PROCTER & GAMBLE CO COM COM 742718109 1649 35018 SH SHARED-OTHER 0 35018 QUEST DIAGNOSTICS INC COM COM 74834L100 247 5205 SH SHARED-OTHER 5100 105 ROYAL-DUTCH-SHELL-A SPON ADR 780259206 1763 39806 SH SHARED-OTHER 0 39806 STANDARD & POORS DEPOSITARY RECEIPTS (SPDR COM 78462F103 1090 13710 SH SHARED-OTHER 0 13710 TELEFONICA S A SPONSORED ADR SPON ADR 879382208 222 3723 SH SHARED-OTHER 0 3723 TEMPUR PEDIC INTL INC COM COM 88023U101 221 30308 SH SHARED-OTHER 27000 3308 TEXAS INSTRUMENTS INC COM 882508104 708 42873 SH SHARED-OTHER 13500 29373 TOWN SPORTS INTL HLDGS INC COM COM 89214A102 167 56000 SH SOLE 56000 0 TRIAN ACQUISITION I CORP UNIT 1 COM & 1 WT COM 89582E207 415 44000 SH SOLE 44000 0 UNUM PROVIDENT COM 91529Y106 1185 94800 SH SHARED-OTHER 0 94800 US BANCORP DEL COM COM 902973304 1539 105315 SH SHARED-OTHER 23700 81615 VODAFONE GROUP PLC COM ~~SPON ADR 92857w209 482 27656 SH SHARED-OTHER 0 27656 WAL MART STORES INC~~ COM ~~931142103~~g47791101 ~~1577~~327 ~~30270~~15634 SH SHARED-OTHER ~~10780 19490 WESTERN UNION CO COM COM 959802109 908 72218 SH SHARED-OTHER~~ 0 ~~72218 WILLIAMS COS INC COM COM 969457100 377 33140 SH SHARED-OTHER 17850 15290 WYETH COM 983024100 2161 50200 SH SHARED-OTHER~~ 0 ~~50200 XILINX INC COM 983919101 860 44900 SH SHARED-OTHER~~ 0 ~~44900 ZIMMER HOLDINGS INC COM COM 98956p102 282 7732 SH SHARED-OTHER 1266 6466~~15634

Filing Compare · Rapidan Capital, LLC