13F-HR 1 d1260755_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: December 31, 2011 Check here if Amendment: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: X-10 Capital Partners (QP), LP Address: 201 North Union Street, Suite 300 Alexandria, Virginia 22314 13F File Number: 028-14092 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: Mark J. Kington Title: Managing Member Phone: (703) 519-7991 Signature, Place and Date of Signing: /s/ Mark J. Kington Alexandria, Virginia February 7, 2012 ----------------------- -------------------------- ---------------------- [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 managers(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: 1 Form 13F Information Table Entry Total: 32 Form 13F Information Table Value Total: $51,088 (thousands) List of Other Included Managers: Form 13F File Number Name 028-14091 X-10 Capital Management, LLC FORM 13F INFORMATION TABLE December 31, 2011

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ~~-------------- -------------- --------- -------- ------------------- ---------- ----- ----------------------~~ VALUE ~~SHS~~SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (~~x$1000~~x1000) PRN AMT PRN CALL DISCRETION ~~MGRS~~MNGRS SOLE SHARED NONE -------------- -------------- -----~~----~~ -------- ------- --- ---- ---------- ----- ----~~---~~ ------ ---- APPLE INC COM 037833100 3,362 8,300 SH Defined 8,300 AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,404 142,000 SH Defined 142,000 BANK OF AMERICA CORPORATION COM 060505104 778 140,000 SH Defined 140,000 BROADCOM CORP CL A 111320107 2,789 95,000 SH Defined 95,000 CHESAPEAKE LODGING TR SH BEN INT 165240102 12,~~949~~496 161,471 SH Defined 161,471 CITIGROUP INC COM NEW 172967424 ~~359~~737 1428,000 SH Defined 1428,000 CITY TELECOM H K LTD SPONSORED ADR 178677209 956 91,000 SH Defined 91,000 COMCAST CORP NEW CL A 20030N101 2,869 121,000 SH Defined 121,000 COOPER TIRE & RUBR CO COM 216831107 ~~207~~1,429 19102,000 SH Defined 19102,000 DANA HOLDING CORP COM 235825205 717 59,000 SH Defined 59,000 DELTA AIR LINES INC DEL COM NEW 247361702 ~~110~~1,294 14160,~~600~~000 SH Defined 14160,~~600~~000 ~~GENERAL~~FEDEX ~~MTRS~~CORP COCOM 31428X106 4,935 59,100 SH Defined 59,100 FREEPORT-MCMORAN COPPER & GO COM ~~37045V100~~35671D857 ~~383~~1,387 1937,~~000~~700 SH Defined 1937,~~000~~700 GOODYEAR TIRE & RUBR CO COM 382550101 ~~192~~2,579 19182,000 SH Defined 19182,000 HOME DEPOT INC COM 437076102 925 22,000 SH Defined 22,000 JOHNSON CTLS INC COM 478366107 156 5,000 SH Defined 5,000 JPMORGAN CHASE & CO COM 46625H100 ~~346~~798 1124,~~500~~000 SH Defined 1124,~~500~~000 LEAP WIRELESS INTL INC COM NEW 521863308 641 69,000 SH Defined 69,000 LEAR CORP COM NEW 521865204 ~~172~~689 417,300 SH Defined 17,300 LIHUA INTL INC COM 532352101 1,709 358,932 SH Defined 358,932 LOWES COS INC COM 548661107 1,584 62,400 SH Defined 62,400 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1,864 127,000 SH Defined 4127,000 NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 ~~672~~793 103,400 SH Defined 103,400 ~~TEVA~~PHILIPPINE ~~PHARMACEUTICAL~~LONG ~~INDS~~DISTANCE ~~LTD~~TEL SPONSORED ADR ~~881624209~~718252604 ~~372~~749 1013,000 SH Defined 1013,000 ~~UNITED~~POTASH ~~CONTL~~CORP ~~HLDGS~~SASK INC COM ~~910047109~~73755L107 ~~110~~1,920 546,~~700~~500 SH Defined 546,~~700~~500 URAYTHEON SCO ~~AIRWAYS~~COM ~~GROUP~~NEW ~~INC~~755111507 2,274 47,000 SH Defined 47,000 ROCK-TENN CO CL A 772739207 1,616 28,000 SH Defined 28,000 SANDISK CORP COM ~~90341W108~~80004C101 ~~110~~1,402 28,500 SH Defined 28,500 P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 1,337 43,500 SH Defined 43,500 TIM PARTICIPACOES S A SPONSORED ADR 88706P205 529 20,~~000~~500 SH Defined 20,500 VIMPELCOM LTD SPONSORED ADR 92719A106 1,799 190,000 SH Defined 190,000 GRACE W R & CO DEL NEW COM 38388F108 2,572 56,000 SH Defined 56,000

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