<SEC-DOCUMENT>0001332811-11-000011.txt : 20110516
<SEC-HEADER>0001332811-11-000011.hdr.sgml : 20110516
<ACCEPTANCE-DATETIME>20110513180228
ACCESSION NUMBER:		0001332811-11-000011
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110331
FILED AS OF DATE:		20110516
DATE AS OF CHANGE:		20110513
EFFECTIVENESS DATE:		20110516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KNIGHTSBRIDGE ASSET MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001332811
		IRS NUMBER:				330815732
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-11482
		FILM NUMBER:		11842765

	BUSINESS ADDRESS:	
		STREET 1:		660 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 460
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		949-644-4444

	MAIL ADDRESS:	
		STREET 1:		660 NEWPORT CENTER DRIVE
		STREET 2:		SUITE 460
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>table13f1q11.txt
<TEXT>
<TABLE>
                                                                 FORM 13F INFORMATION TABLE
                                                         VALUE   SHARES/      SH/ PUT/ INVSTMT OTHR     VOTING AUTHORITY
        NAME OF ISSUER        TITLE OF CLASS   CUSIP    (x$1000) PRN AMT      PRN CALL DSCRETN MGRS  SOLE         SHARED NONE
----------------------------  --------------   ------    ------- --------     --- ---- ------- ---- --------      ------ ------
<S>                           <C>              <C>       <C>     <C>          <C> <C>  <C>     <C>   <C>          <C>    <C>
Bank of America Corporation   7.25%CNV PFD L   060505682   1011     1000.0000 SH       Sole              1000.0000
Abitibibowater Inc            COM NEW          003687209   4594   170975.0000 SH       Sole            170975.0000
Accuride Corp New             COM NEW          00439T206   3629   261300.0000 SH       Sole            261300.0000
Allergan Inc                  COM	       018490102    826    11630.0000 SH       Sole             11630.0000
American Intl Group Inc       COM NEW          026874784    204     5809.0000 SH       Sole              5809.0000
AMR Corp                      COM              001765106   3165   489900.0000 SH       Sole            489900.0000
AOL Inc                       COM              00184x105   2418   123801.0000 SH       Sole            123801.0000
Babcock & Wilcox Co New       COM              05615f102   3361   100700.0000 SH       Sole             74700.0000        26000.
Baker Hughes Inc              COM              057224107    761    10370.0000 SH       Sole             10370.0000
Bank of America Corporation   COM              060505104  76256  5720649.7930 SH       Sole           5560649.7930       160000.
Bebe Stores Inc               COM              075571109     70    12000.0000 SH       Sole             12000.0000
Capital One Finl Corp         COM              14040h105    953    18350.0000 SH       Sole             18350.0000
CapitalSource Inc             COM              14055X102   2784   395500.0000 SH       Sole            395500.0000
Carefusion Corp               COM              14170t101  87945  3118620.0000 SH       Sole           2960220.0000       158400.
Chemtura Corp                 COM NEW          163893209   5077   295200.0000 SH       Sole            256200.0000        39000.
Chevron Corp New              COM              166764100    336     3128.0000 SH       Sole              3128.0000
Citigroup Inc                 COM              172967101  88698 20067506.6500 SH       Sole          19357506.6500       710000.
Conocophillips                COM              20825c104    756     9464.0000 SH       Sole              9464.0000
Delta Air Lines Inc Del       COM NEW          247361702  66136  6748598.0000 SH       Sole           6379998.0000       368600.
Devon Energy Corp New         COM              25179m103  94046  1024800.1260 SH       Sole            992325.1260        32475.
Dynegy Inc Del                COM              26817G300     79    13810.2000 SH       Sole             13810.2000
Eastman Kodak Co              COM              277461109     47    14500.0000 SH       Sole             14500.0000
Ebay Inc                      COM              278642103    509    16400.0000 SH       Sole             16400.0000
Exxon Mobil Corp              COM              30231g102    268     3185.0000 SH       Sole              3185.0000
First Amern Finl Corp         COM              31847R102   6038   365950.0000 SH       Sole            326950.0000        39000.
General Electric Co           COM              369604103  94274  4701967.3156 SH       Sole           4560767.3156       141200.
Genworth Finl Inc             COM CL A         37247d106  84253  6259474.0000 SH       Sole           5875674.0000       383800.
Hess Corp                     COM              42809H107    579     6800.0000 SH       Sole              6800.0000
Hill Rom Hldgs Inc            COM              431475102    995    26200.0000 SH       Sole              3200.0000        23000.
Howard Hughes Corp            COM              44267D107   5112    72371.0000 SH       Sole             63893.0000         8478.
Ingersoll-Rand PLC            SHS              G47791101    981    20300.0000 SH       Sole             20300.0000
International Business Machs  COM              459200101    212     1300.0000 SH       Sole              1300.0000
Madison Square Garden Inc     CL A             55826p100  63861  2366095.0000 SH       Sole           2183945.0000       182150.
MBIA Inc                      COM              55262C100   3240   322700.0000 SH       Sole            322700.0000
MGIC Invt Corp Wis            COM              552848103   4230   475800.0000 SH       Sole            475800.0000
Motorola Solutions Inc        COM NEW          620076307    652    14600.0000 SH       Sole              1600.0000        13000.
Mylan Inc                     COM              628530107  86415  3813533.0000 SH       Sole           3616533.0000       197000.
Newmont Mining Corp           COM              651639106  98676  1807914.6770 SH       Sole           1793614.6770        14300.
Omnicare Inc                  COM              681904108   4043   134800.0000 SH       Sole            134800.0000
Oracle Corp                   COM              68389x105    244     7300.0000 SH       Sole              7300.0000
Overseas Shipholding Group I  COM              690368105   3845   119625.0000 SH       Sole            119625.0000
Pacific Cap Bancorp New       COM NEW          69404P200   2237    75470.0000 SH       Sole             75470.0000
Pengrowth Energy Corp         COM              70706P104   3771   272700.0000 SH       Sole            272700.0000
Pharmerica Corp               COM              71714f104  19484  1703114.0000 SH       Sole           1419414.0000       283700.
Philip Morris Intl Inc        COM              718172109    266     4050.0000 SH       Sole              4050.0000
Plains Expl& Prodtn Co        COM              726505100   7370   203425.0000 SH       Sole            117825.0000        85600.
PMI Group Inc                 COM              69344M101     54    20000.0000 SH       Sole             20000.0000
Popular Inc                   COM              733174106   2765   947000.0000 SH       Sole            947000.0000
QEP Res Inc                   COM              74733v100  83595  2062036.0000 SH       Sole           1960336.0000       101700.
Regions Financial Corp New    COM              7591EP100     73    10000.0000 SH       Sole             10000.0000
Sandridge Energy Inc          COM              80007P307   6950   543000.0000 SH       Sole            543000.0000
Solutia Inc                   COM NEW          834376501   2123    83600.0000 SH       Sole             83600.0000
Sprint Nextel Corp            COM SER 1        852061100  79418 17115848.0000 SH       Sole          16256848.0000       859000.
Sunpower Corp                 COM CL A         867652109   4958   289265.0000 SH       Sole            289265.0000
Textron Inc                   COM              883203101 106512  3888712.3190 SH       Sole           3669912.3190       218800.
Brinks Co                     COM              109696104   7677   231850.0000 SH       Sole            131850.0000       100000.
Dow Chem Co                   COM              260543103    320     8480.0000 SH       Sole              8480.0000
U S G Corp                    COM NEW          903293405   3537   212300.0000 SH       Sole            212300.0000
Visteon Corp                  COM NEW          92839U206   2641    42255.0000 SH       Sole             42255.0000
Weatherford International Lt  REG SHS          H27013103    273    12100.0000 SH       Sole             12100.0000
Wendys Arbys Group Incl       COM              950587105   4321   859000.0000 SH       Sole            859000.0000
Western Un Co                 COM              959802109  82216  3958381.3140 SH       Sole           3702881.3140       255500.
XL Group PLC                  SHS              G98290102  93960  3819528.6490 SH       Sole           3636428.6490       183100.
Yahoo Inc                     COM              984332106  71013  4257375.0000 SH       Sole           4074075.0000       183300.
Crosstex Energy L P           COM              22765U102   3837   226750.0000 SH       Sole            226750.0000
KKR Financial Hldgs LLC       COM              48248A306   3030   309500.0000 SH       Sole            309500.0000
Anglogold Ashanti LTD         Sponsored ADR    035128206 101381  2114299.7610 SH       Sole           1962949.7610       151350.
BP PLC                        Sponsored ADR    055622104  67603  1531563.0000 SH       Sole           1518688.0000        12875.
Cemex SAB DE CV               Spon ADR New     151290889  66110  7403127.8400 SH       Sole           6923644.8400       479483.
Korea Electric Pwr            Sponsored ADR    500631106   8578   700825.0000 SH       Sole            700825.0000
Mizuho Finl Group Inc         Sponsored ADR    60687Y109    421   126800.0000 SH       Sole            126800.0000
Vodafone Group PLC New        SPONS ADR NEW    92857w209    210     7300.0000 SH       Sole              7300.0000
Bank of America Corporation   *W EXP 01/16/201 060505153    536   212800.0000 SH       Sole            212800.0000
Capital One Finl Corp         *W EXP 11/14/201 14040H139    515    23800.0000 SH       Sole             23800.0000
Cousins Pptys Inc             COM              222795106   4444   532200.0000 SH       Sole            532200.0000
General Growth Pptys Inc New  COM              370023103   1644   106199.0000 SH       Sole             37765.0000        68434.
Walter Invt Mgmt Corp         COM              93317W102   1763   109278.0000 SH       Sole            109278.0000
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>