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: June 30, 2010 ------------- 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 8/16/10 -------------------------------------- ------------------- --------- [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 Report Summary: Number of Other Included Managers: 2 ---------- Form 13F Information Table Entry Total: 120 ---------- Form 13F Information Table Value Total: 180,937 ---------- (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. No. Form 13F File Number Name --- -------------------- -------------------------------------- 1 28-12297 Absolute Return Capital Partners, L.P. --- -------- -------------------------------------- 2 28-12301 Absolute Return Investors, L.P. --- -------- -------------------------------------- ABSOLUTE RETURN INVESTORS, LLC FORM 13F INFORMATION TABLE AS OF 6/30/2010

DOLBY LABORATORIES INC COM 25659T107 780 12,447.00 (sole) EARTHLINK INC COM 270321102 932 117,138.00 (sole) ELLIS PERRY INTL INC COM 288853104 236 11,668.00 (sole) EMCOR GROUP INC COM 29084Q100 388 16,734.00 (sole) ENDO PHARMACEUTICALS HLDGS I COM 29264F205 675 30,915.00 (sole) ENERGEN CORP COM 29265N108 1500 33,836.00 (sole) ENERGY PARTNERS LTD COM NEW 29270U303 9007 737,705.00 (sole) EXELON CORP COM 30161N101 1509 39,753.00 (sole) EXPONENT INC COM 30214U102 206 6,300.00 (sole) EZCORP INC CL A NON VTG 302301106 1306 70,398.00 (sole) FIRST SOLAR INC COM 336433107 410 3,600.00 (sole) FORCE PROTECTION INC COM NEW 345203202 122 29,672.00 (sole) FRANKLIN RES INC COM 354613101 1011 11,726.00 (sole) FREEPORT-MCMORAN COPPER & GO CL B 35671D857 603 10,198.00 (sole) GAMCO INVESTORS INC COM 361438104 206 5,536.00 (sole) GENERAL CABLE CORP DEL NEW COM 369300108 807 30,277.00 (sole) GFI GROUP INC COM 361652209 181 32,456.00 (sole) GMX RES INC COM 38011M108 4486 691,244.00 (sole) GOODRICH PETE CORP COM NEW 382410405 4448 370,675.00 (sole) GRAINGER W W INC COM 384802104 265 2,667.00 (sole) GT SOLAR INTL INC COM 3623E0209 232 41,412.00 (sole) HARRIS CORP DEL COM 413875105 402 9,663.00 (sole) HEALTHSPRING INC COM 42224N101 420 27,111.00 (sole) HERBALIFE LTD COM USD SHS G4412G101 1567 34,019.00 (sole) HUMANA INC COM 444859102 830 18,181.00 (sole) IMPAX LABORATORIES INC COM 45256B101 217 11,400.00 (sole) INSIGHT ENTERPRISES INC COM 45765U103 424 32,193.00 (sole) INTERDIGITAL INC COM 45867G101 245 9,927.00 (sole) ITT EDUCATIONAL SERVICES INC COM 45068B109 966 11,639.00 (sole) L-3 COMMUNICATIONS HLDGS INC COM 502424104 814 11,490.00 (sole) LACLEDE GROUP INC COM 505597104 220 6,636.00 (sole) LINCARE HLDGS INC COM 532791100 446 13,728.00 (sole) LUBRIZOL CORP COM 549271104 1451 18,063.00 (sole) MAXIMUS INC COM 577933104 317 5,480.00 (sole) MEDCATH CORP COM 58404W109 104 13,249.00 (sole) MICROSOFT CORP COM 594918104 703 30,562.00 (sole) MICROSTRATEGY INC CLASS A NEW 594972408 267 3,554.00 (sole) MIRANT CORP NEW COM 60467R100 1320 125,038.00 (sole) MOLINA HEALTHCARE INC COM 60855R100 352 12,211.00 (sole) MSC INDL DIRECT INC CL A 553530106 772 15,242.00 (sole) NATIONAL OILWELL VARCO INC COM 637071101 1420 42,932.00 (sole) NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 372 27,706.00 (sole) NEWMARKET CORP COM 651587107 1084 12,413.00 (sole) NICOR INC COM 654086107 453 11,196.00 (sole) NU SKIN ENTERPRISES INC CL A 67018T105 242 9,701.00 (sole)

OLIN CORP COM PAR $1 680665205 336 18,575.00 (sole) OMNOVA SOLUTIONS INC COM 682129101 92 11,800.00 (sole) OSHKOSH CORP COM 688239201 1455 46,692.00 (sole) OXFORD INDS INC COM 691497309 773 36,909.00 (sole) PAR PHARMACEUTICAL COS INC COM 69888P106 821 31,610.00 (sole) PREMIERE GLOBAL SVCS INC COM 740585104 123 19,363.00 (sole) QUESTCOR PHARMACEUTICALS INC COM 74835Y101 236 23,100.00 (sole) RAYTHEON CO COM NEW 755111507 1323 27,335.00 (sole) RENAISSANCERE HOLDINGS LTD COM G7496G103 424 7,527.00 (sole) ROCK-TENN CO CL A 772739207 440 8,863.00 (sole) RYDER SYS INC COM 783549108 374 9,300.00 (sole) SANDERSON FARMS INC COM 800013104 1261 24,860.00 (sole) SEAGATE TECHNOLOGY SHS G7945J104 1373 105,289.00 (sole) SELECT SECTOR SPDR TR SBI INTI- 81369Y506 46874 943,510.00 (sole) ENERGY SPDR S&P 500 ETF TR UNIT SER I 78462F103 7597 73,600.00 (sole) S&P STEPAN CO COM 858586100 249 3,640.00 (sole) STONE ENERGY CORP COM 861642106 4326 387,597.00 (sole) SWS GROUP INC COM 78503N107 201 21,178.00 (sole) SYNAPTICS INC COM 87157D109 536 19,500.00 (sole) TELEPHONE & DATA SYS INC COM 879433100 624 20,532.00 (sole) TELETECH HOLDINGS INC COM 879939106 162 12,588.00 (sole) TESSERA TECHNOLOGIES INC COM 88164L100 327 20,365.00 (sole) TEXAS INSTRS INC COM 882508104 659 28,316.00 (sole) TIMBERLAND CO CL A 887100105 363 22,478.00 (sole) TIMKEN CO COM 887389104 212 8,147.00 (sole) TOTAL SYS SVCS INC COM 891906109 222 16,355.00 (sole) UGI CORP NEW COM 902681105 310 12,201.00 (sole) ULTRA PETROLEUM CORP COM 903914109 4490 101,466.00 (sole) UNIFIRST CORP MASS COM 904708104 334 7,581.00 (sole) UNITED ONLINE INC COM 911268100 304 52,699.00 (sole) USA MOBILITY INC COM 90341G103 276 21,400.00 (sole) VAALCO ENERGY INC COM NEW 91851C201 4498 803,144.00 (sole) VARIAN MED SYS INC COM 92220P105 765 14,635.00 (sole) WADDELL & REED FINL INC CL A 930059100 403 18,400.00 (sole) WESTERN DIGITAL CORP COM 958102105 1405 46,601.00 (sole) WHITING PETE CORP NEW COM 966387102 8861 112,994.00 (sole) WORLD ACCEP CORP DEL COM 981419104 739 19,300.00 (sole) XILINX INC COM 983919101 233 9,241.00 (sole)

Absolute Return Investors, LLC 13F-HR