13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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: Absolute Return Investors, LLC* Address: 111 Huntington Avenue Boston, Massachusetts 02199 Form 13F File Number: 28-12300 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: Michael F. Goss Title: Managing Member Phone: (617) 516-2000 Signature, Place, and Date of Signing: /s/ Michael F. Goss Boston, MA 2/16/10 -------------------- ----------------------------- -------- [Signature] [City, State] [Date] * Absolute Return Investors, LLC is the general partner of Absolute Return Investors, L.P., the general partner of Absolute Return Capital Partners, L.P. Michael F. Goss is the managing member of Absolute Return Investors, LLC. 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 List of Other Managers Reporting for this Manager:

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.

Absolute Return Investors, LLC Form 13F Information Table as of 12/31/09

DELUXE CORP COM 248019101 320 21669 (SOLE) (SOLE) DOLBY LABORATORIES INC COM 25659T107 673 14091 (SOLE) (SOLE) EARTHLINK INC COM 270321102 169 20329 (SOLE) (SOLE) ELLIS PERRY INTL INC COM 288853104 191 12,668 (SOLE) (SOLE) EMCOR GROUP INC COM 29084Q100 545 20275 (SOLE) (SOLE) EMERGENCY MEDICAL SVCS CORP CL A 29100P102 259 4792 (SOLE) (SOLE) ENDO PHARMACEUTICALS HLDGS I COM 29264F205 248 12,081 (SOLE) (SOLE) ENDURANCE SPECIALTY HLDGS LT SHS G30397106 274 7,347 (SOLE) (SOLE) ENERGEN CORP COM 29265N108 1067 22,800 (SOLE) (SOLE) EZCORP INC CL A NON VTG 302301106 291 16890 (SOLE) (SOLE) FEDERATED INVS INC PA COM 314211103 415 15,096 (SOLE) (SOLE) FORCE PROTECTION INC COM NEW 345203202 121 23299 (SOLE) (SOLE) FOSSIL INC COM 349882100 243 7233 (SOLE) (SOLE) FRESH DEL MONTE PRODUCE INC ORD G36738105 279 12629 (SOLE) (SOLE) GARMIN LTD ORD G37260109 989 32218 (SOLE) (SOLE) GFI GROUP INC COM 361652209 199 43,752 (SOLE) (SOLE) GT SOLAR INTL INC COM 3623e0209 57 10212 (SOLE) (SOLE) GULFMARK OFFSHORE INC COM 402629109 358 12649 (SOLE) (SOLE) HAWAIIAN HOLDINGS INC COM 419879101 355 50717 (SOLE) (SOLE) HCC INS HLDGS INC COM 404132102 245 8765 (SOLE) (SOLE) HEALTHSPRING INC COM 42224N101 403 22890 (SOLE) (SOLE) HERBALIFE LTD COM USD SHS G4412G101 1013 24,973 (SOLE) (SOLE) IAC INTERACTIVECORP COM PAR $.001 44919P508 345 16835 (SOLE) (SOLE) INSIGHT ENTERPRISES INC CMN COM 45765U103 377 33,041 (SOLE) (SOLE) INTERDIGITAL INC COM 45867G101 242 9093 (SOLE) (SOLE) ISHARES INC MSCI GERMAN 464286806 360 16,025 (SOLE) (SOLE) ISHARES INC MSCI GERMAN 464286848 544 55,840 (SOLE) (SOLE) JAKKS PAC INC COM 47012E106 148 12223 (SOLE) (SOLE) KFORCE INC COM 493732101 163 13025 (SOLE) (SOLE) KNIGHT CAPITAL GROUP INC CL A 499005106 224 14557 (SOLE) (SOLE) L-3 COMMUNICATIONS HLDGS INC COM 502424104 702 8075 (SOLE) (SOLE) LINCARE HOLDINGS INC COM 532791100 700 18,851 (SOLE) (SOLE) LSB CORP COM 502160104 159 11285 (SOLE) (SOLE) MEDCATH CORP COM 58404W109 223 28249 (SOLE) (SOLE) METHODE ELECTRS INC COM 591520200 160 18490 (SOLE) (SOLE) MICREL INC COM 594793101 99 12073 (SOLE) (SOLE) MICROSTRATEGY INC CL A NEW 594972408 411 4,375 (SOLE) (SOLE) MIRANT CORP NEW COM 60467R100 1185 77573 (SOLE) (SOLE) MOLINA HEALTHCARE INC COM 60855R100 390 17052 (SOLE) (SOLE) MSC INDL DIRECT INC CL A 553530106 791 16837 (SOLE) (SOLE) NEWMARKET CORP COM 651587107 567 4941 (SOLE) (SOLE) NICOR INC COM 654086107 232 5510 (SOLE) (SOLE) OMNOVA SOLUTIONS INC COM 682129101 115 18762 (SOLE) (SOLE)

OPTIONSXPRESS HLDGS INC COM 684010101 361 23,377 (SOLE) (SOLE) OXFORD INDS INC COM 691497309 931 45000 (SOLE) (SOLE) PACTIV CORP COM 695257105 792 32818 (SOLE) (SOLE) PAR PHARMACEUTICAL COS INC COM 69888P106 542 20022 (SOLE) (SOLE) PARTNERRE LTD COM G6852T105 537 7192 (SOLE) (SOLE) PLATINUM UNDERWRITER HLDGS L COM G7127P100 293 7,645 (SOLE) (SOLE) POPULAR INC COM 733174106 27 11785 (SOLE) (SOLE) PREMIERE GLOBAL SVCS INC CMN COM 740585104 160 19,363 (SOLE) (SOLE) QUESTCOR PHARMACEUTICALS INC COM 74835Y101 238 50046 (SOLE) (SOLE) SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 18865 330,900 (SOLE) (SOLE) SKYWEST INC COM 830879102 459 27,105 (SOLE) (SOLE) SPDR SERIES TRUST S&P OILGAS EXP 78464A730 19991 485,108 (SOLE) (SOLE) SPDR TR UNIT SER 1 78462F103 9700 87,046 (SOLE) (SOLE) SUSQUEHANNA BANCSHARES INC P COM 869099101 77 12989 (SOLE) (SOLE) SWS GROUP INC COM 78503N107 210 17393 (SOLE) (SOLE) SYNAPTICS INC COM 87157D109 598 19500 (SOLE) (SOLE) SYNNEX CORP COM 87162W100 303 9893 (SOLE) (SOLE) TECH DATA CORP COM 878237106 359 7703 (SOLE) (SOLE) TELLABS INC COM 879664100 63 11108 (SOLE) (SOLE) TENET HEALTHCARE CORP COM 88033G100 60 11105 (SOLE) (SOLE) TESSERA TECHNOLOGIES INC COM 88164L100 222 9540 (SOLE) (SOLE) TEXAS INSTRS INC COM 882508104 204 7831 (SOLE) (SOLE) TRUSTCO BK CORP N Y COM 898349105 97 15398 (SOLE) (SOLE) UGI CORP NEW COM 902681105 299 12376 (SOLE) (SOLE) UNIFIRST CORP MASS COM 904708104 447 9282 (SOLE) (SOLE) UNITED AMER INDEMNITY LTD CL A 90933T109 152 19205 (SOLE) (SOLE) UNITED ONLINE INC COM 911268100 431 59901 (SOLE) (SOLE) UNIVERSAL AMERICAN CORP COM 913377107 143 12215 (SOLE) (SOLE) VMWARE INC CL A COM 928563402 613 14460 (SOLE) (SOLE) WALTER ENERGY INC COM 93317Q105 1159 15396 (SOLE) (SOLE) WATSON WYATT INC CL A 942712100 481 10124 (SOLE) (SOLE) WESTERN DIGITAL CORP COM 958102105 902 20,438 (SOLE) (SOLE) WESTERN REFNG INC COM 959319104 64 13694 (SOLE) (SOLE) WET SEAL INC CL A 961840105 98 28342 (SOLE) (SOLE) WORLD FUEL SVCS CORP COM 981475106 836 31224 (SOLE) (SOLE) 98301

Absolute Return Investors, LLC 13F-HR