0000929638-12-000400.txt : 20120515 0000929638-12-000400.hdr.sgml : 20120515 20120515095107 ACCESSION NUMBER: 0000929638-12-000400 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIG Absolute Return, LLC CENTRAL INDEX KEY: 0001425649 IRS NUMBER: 200574542 STATE OF INCORPORATION: DE FISCAL YEAR END: 0811 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12667 FILM NUMBER: 12841441 BUSINESS ADDRESS: STREET 1: 4350 VON KARMAN AVENUE STREET 2: 4TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-474-5824 MAIL ADDRESS: STREET 1: 4350 VON KARMAN AVENUE STREET 2: 4TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: Falcon Investment Management LLC DATE OF NAME CHANGE: 20080131 13F-HR 1 mig_form13fhr.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: 3/31/2012 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: MIG Absolute Return, LLC Address: 4350 Von Karman Avenue 4th Floor Newport Beach, CA 92660 Form 13F File Number: 028-12667 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 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Jeff Andrews Title: Chief Compliance Officer Phone: 949-474-5800 Signature, Place, and Date of Signing: /s/ Jeff Andrews Newport Beach, CA 5/15/2012 --------------------------------- --------------------------------- ---------- [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 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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 138 Form 13F Information Table Value Total: $ 224,339 -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

Form 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- ADVANCE AUTO PARTS INC COM 00751Y106 298 3,369 SH SOLE 3,369 0 0 AETNA INC NEW COM 00817Y108 485 9,675 SH SOLE 9,675 0 0 AFLAC INC COM 001055102 337 7,319 SH SOLE 7,319 0 0 ALASKA AIR GROUP INC COM 011659109 229 6,392 SH SOLE 6,392 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 249 4,971 SH SOLE 4,971 0 0 ALTERA CORP COM 021441100 270 6,786 SH SOLE 6,786 0 0 AMEREN CORP COM 023608102 440 13,517 SH SOLE 13,517 0 0 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 615 35,787 SH SOLE 35,787 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 255 8,268 SH SOLE 8,268 0 0 AMERIGROUP CORP COM 03073T102 261 3,885 SH SOLE 3,885 0 0 AMERISOURCEBERGEN CORP COM 03073E105 371 9,359 SH SOLE 9,359 0 0 APOLLO GROUP INC CL A 037604105 222 5,741 SH SOLE 5,741 0 0 APPLE INC COM 037833100 7,195 12,000 SH SOLE 12,000 0 0 APPLIED MATLS INC COM 038222105 321 25,832 SH SOLE 25,832 0 0 ARCH CAP GROUP LTD ORD G0450A105 7,709 207,000 SH SOLE 207,000 0 0 ARCHIPELAGO LEARNING INC COM 03956P102 4,194 377,166 SH SOLE 377,166 0 0 ARDEN GROUP INC CL A 039762109 5,017 55,200 SH SOLE 55,200 0 0 ASCENA RETAIL GROUP INC COM 04351G101 222 5,003 SH SOLE 5,003 0 0 AT&T INC COM 00206R102 395 12,634 SH SOLE 12,634 0 0 AUTOZONE INC COM 053332102 4,389 11,806 SH SOLE 11,806 0 0 BB&T CORP COM 054937107 3,968 126,412 SH SOLE 126,412 0 0 BED BATH & BEYOND INC COM 075896100 236 3,588 SH SOLE 3,588 0 0 BIG LOTS INC COM 089302103 267 6,205 SH SOLE 6,205 0 0 BLACK DIAMOND INC COM 09202G101 2,672 288,569 SH SOLE 288,569 0 0 BLOCK H & R INC COM 093671105 410 24,887 SH SOLE 24,887 0 0 BRINKER INTL INC COM 109641100 216 7,834 SH SOLE 7,834 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 289 8,563 SH SOLE 8,563 0 0 CAPITAL ONE FINL CORP COM 14040H105 306 5,486 SH SOLE 5,486 0 0 CARDINAL HEALTH INC COM 14149Y108 320 7,425 SH SOLE 7,425 0 0 CHEVRON CORP NEW COM 166764100 579 5,405 SH SOLE 5,405 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 445 8,612 SH SOLE 8,612 0 0 CIGNA CORPORATION COM 125509109 548 11,120 SH SOLE 11,120 0 0 COACH INC COM 189754104 298 3,859 SH SOLE 3,859 0 0 COLGATE PALMOLIVE CO COM 194162103 318 3,248 SH SOLE 3,248 0 0 COLLECTIVE BRANDS INC COM 19421W100 9,494 482,924 SH SOLE 482,924 0 0 COMCAST CORP NEW CL A 20030N101 303 10,100 SH SOLE 10,100 0 0 CONAGRA FOODS INC COM 205887102 281 10,701 SH SOLE 10,701 0 0 CONOCOPHILLIPS COM 20825C104 692 9,109 SH SOLE 9,109 0 0 COSTCO WHSL CORP NEW COM 22160K105 267 2,943 SH SOLE 2,943 0 0 CROWN CASTLE INTL CORP COM 228227104 7,521 141,007 SH SOLE 141,007 0 0 DELL INC COM 24702R101 430 25,928 SH SOLE 25,928 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 210 21,175 SH SOLE 21,175 0 0 DILLARDS INC CL A 254067101 293 4,648 SH SOLE 4,648 0 0 DIRECTV COM CL A 25490A101 334 6,770 SH SOLE 6,770 0 0 DISCOVER FINL SVCS COM 254709108 231 6,938 SH SOLE 6,938 0 0 DOMTAR CORP COM NEW 257559203 330 3,465 SH SOLE 3,465 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E109 230 5,725 SH SOLE 5,725 0 0 DST SYS INC DEL COM 233326107 251 4,625 SH SOLE 4,625 0 0 DSW INC CL A 23334L102 529 9,653 SH SOLE 9,653 0 0 DTE ENERGY CO COM 233331107 342 6,219 SH SOLE 6,219 0 0 EDISON INTL COM 281020107 491 11,545 SH SOLE 11,545 0 0

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- ENTERGY CORP NEW COM 29364G103 511 7,605 SH SOLE 7,605 0 0 EXELON CORP COM 30161N101 350 8,925 SH SOLE 8,925 0 0 EXIDE TECHNOLOGIES COM NEW 302051206 32 10,081 SH SOLE 10,081 0 0 EXPRESS INC COM 30219E103 262 10,508 SH SOLE 10,508 0 0 EXXON MOBIL CORP COM 30231G102 411 4,744 SH SOLE 4,744 0 0 FAMILY DLR STORES INC COM 307000109 249 3,935 SH SOLE 3,935 0 0 FOREST LABS INC COM 345838106 383 11,053 SH SOLE 11,053 0 0 GANNETT INC COM 364730101 163 10,633 SH SOLE 10,633 0 0 GAP INC DEL COM 364760108 400 15,308 SH SOLE 15,308 0 0 GENERAL MTRS CO COM 37045V100 399 15,554 SH SOLE 15,554 0 0 GLOBAL PMTS INC COM 37940X102 251 5,283 SH SOLE 5,283 0 0 GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 4,996 237,000 SH SOLE 237,000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 217 10,273 SH SOLE 10,273 0 0 HEALTH NET INC COM 42222G108 264 6,643 SH SOLE 6,643 0 0 HERBALIFE LTD COM USD SHS G4412G101 9,611 139,660 SH SOLE 139,660 0 0 HERSHEY CO COM 427866108 223 3,644 SH SOLE 3,644 0 0 HUMANA INC COM 444859102 540 5,841 SH SOLE 5,841 0 0 IAC INTERACTIVECORP COM PAR $.001 44919P508 288 5,859 SH SOLE 5,859 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 385 7,268 SH SOLE 7,268 0 0 INTEL CORP COM 458140100 574 20,399 SH SOLE 20,399 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 551 2,639 SH SOLE 2,639 0 0 INTERVAL LEISURE GROUP INC COM 46113M108 7,094 407,713 SH SOLE 407,713 0 0 ISHARES TR MSCI EMERG MKT 464287234 13,268 308,950 SH SOLE 308,950 0 0 ISHARES TR S&P INDIA 50 464289529 251 10,590 SH SOLE 10,590 0 0 ITT CORP NEW COM NEW 450911201 234 10,213 SH SOLE 10,213 0 0 JABIL CIRCUIT INC COM 466313103 281 11,184 SH SOLE 11,184 0 0 JACK IN THE BOX INC COM 466367109 6,029 251,517 SH SOLE 251,517 0 0 KIMBERLY CLARK CORP COM 494368103 285 3,861 SH SOLE 3,861 0 0 KLA-TENCOR CORP COM 482480100 440 8,085 SH SOLE 8,085 0 0 KROGER CO COM 501044101 485 20,015 SH SOLE 20,015 0 0 LAM RESEARCH CORP COM 512807108 325 7,286 SH SOLE 7,286 0 0 LASALLE HOTEL PPTYS COM SH BEN INT 517942108 5,174 183,850 SH SOLE 183,850 0 0 LEAR CORP COM NEW 521865204 300 6,459 SH SOLE 6,459 0 0 LEXMARK INTL NEW CL A 529771107 299 8,993 SH SOLE 8,993 0 0 LIBERTY INTERACTIVE CORPORAT INT COM SER A 53071M104 7,664 401,464 SH SOLE 401,464 0 0 LILLY ELI & CO COM 532457108 437 10,859 SH SOLE 10,859 0 0 LIMITED BRANDS INC COM 532716107 336 7,008 SH SOLE 7,008 0 0 LINCOLN NATL CORP IND COM 534187109 226 8,580 SH SOLE 8,580 0 0 LOCKHEED MARTIN CORP COM 539830109 751 8,363 SH SOLE 8,363 0 0 MACYS INC COM 55616P104 251 6,307 SH SOLE 6,307 0 0 MARATHON OIL CORP COM 565849106 536 16,911 SH SOLE 16,911 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 370 12,950 SH SOLE 12,950 0 0 MCGRAW HILL COS INC COM 580645109 320 6,600 SH SOLE 6,600 0 0 MCKESSON CORP COM 58155Q103 388 4,420 SH SOLE 4,420 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 257 6,844 SH SOLE 6,844 0 0 MICROCHIP TECHNOLOGY INC COM 595017104 365 9,822 SH SOLE 9,822 0 0 MICROSOFT CORP COM 594918104 553 17,131 SH SOLE 17,131 0 0 MORGAN STANLEY COM NEW 617446448 226 11,528 SH SOLE 11,528 0 0 NEWMONT MINING CORP COM 651639106 261 5,083 SH SOLE 5,083 0 0 NORDSTROM INC COM 655664100 218 3,908 SH SOLE 3,908 0 0 NORTHROP GRUMMAN CORP COM 666807102 478 7,825 SH SOLE 7,825 0 0 OFFICE DEPOT INC COM 676220106 36 10,340 SH SOLE 10,340 0 0 PACWEST BANCORP DEL COM 695263103 4,527 186,280 SH SOLE 186,280 0 0 PEPSICO INC COM 713448108 8,390 126,450 SH SOLE 126,450 0 0 PHILIP MORRIS INTL INC COM 718172109 360 4,061 SH SOLE 4,061 0 0 PNC FINL SVCS GROUP INC COM 693475105 289 4,488 SH SOLE 4,488 0 0 POLARIS INDS INC COM 731068102 310 4,293 SH SOLE 4,293 0 0 PRICELINE COM INC COM NEW 741503403 214 298 SH SOLE 298 0 0 PRINCIPAL FINL GROUP INC COM 74251V102 235 7,957 SH SOLE 7,957 0 0 PRUDENTIAL FINL INC COM 744320102 427 6,738 SH SOLE 6,738 0 0 RENT A CTR INC NEW COM 76009N100 7,053 186,840 SH SOLE 186,840 0 0 ROSS STORES INC COM 778296103 408 7,018 SH SOLE 7,018 0 0 SAKS INC COM 79377W108 7,812 672,834 SH SOLE 672,834 0 0

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- SERVICE CORP INTL COM 817565104 182 16,191 SH SOLE 16,191 0 0 SMUCKER J M CO COM NEW 832696405 6,712 82,500 SH SOLE 82,500 0 0 SOTHEBYS COM 835898107 9,835 250,000 SH SOLE 250,000 0 0 SOUTHWEST AIRLS CO COM 844741108 188 22,849 SH SOLE 22,849 0 0 SUNOCO INC COM 86764P109 326 8,551 SH SOLE 8,551 0 0 TERADYNE INC COM 880770102 356 21,070 SH SOLE 21,070 0 0 TEXAS ROADHOUSE INC COM 882681109 5,463 328,293 SH SOLE 328,293 0 0 TJX COS INC NEW COM 872540109 557 14,030 SH SOLE 14,030 0 0 TORCHMARK CORP COM 891027104 405 8,129 SH SOLE 8,129 0 0 TOWERS WATSON & CO CL A 891894107 227 3,438 SH SOLE 3,438 0 0 TRAVELERS COMPANIES INC COM 89417E109 292 4,935 SH SOLE 4,935 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 278 5,984 SH SOLE 5,984 0 0 TUPPERWARE BRANDS CORP COM 899896104 205 3,233 SH SOLE 3,233 0 0 UNITEDHEALTH GROUP INC COM 91324P102 463 7,862 SH SOLE 7,862 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 510 13,332 SH SOLE 13,332 0 0 VIASAT INC COM 92552V100 11,358 235,599 SH SOLE 235,599 0 0 VISA INC COM CL A 92826C839 5,192 44,000 SH SOLE 44,000 0 0 VONAGE HLDGS CORP COM 92886T201 23 10,279 SH SOLE 10,279 0 0 WAL MART STORES INC COM 931142103 264 4,320 SH SOLE 4,320 0 0 WESTERN DIGITAL CORP COM 958102105 246 5,935 SH SOLE 5,935 0 0 WHIRLPOOL CORP COM 963320106 8,199 106,673 SH SOLE 106,673 0 0 WHOLE FOODS MKT INC COM 966837106 466 5,600 SH SOLE 5,600 0 0 WMS INDS INC COM 929297109 6,383 269,000 SH SOLE 269,000 0 0 XILINX INC COM 983919101 411 11,276 SH SOLE 11,276 0 0