UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/13
Check here if Amendment [_]; Amendment Number:
This Amendment (Check only one): [_] is a restatement
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Grandmaster Capital Management LLC
456 Montgomery St., Suite 1350
San Francisco, CA 94104
Form 13F File Number:
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:
Jeffrey Coddington
CFO/COO
415-230-2054
Signature, Place and Date of Signing:
/s/ Jeffrey Coddington
-------------------------
Jeffrey Coddington
San Francisco, CA
05/13/13
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: 0
Form 13F Information Table Entry Total: 19
Form 13F Information Table Value Total (x$1000): $137,116
List of Other Included Managers: N/A
Title of Value Shares or Sh/ Put/ Investment Other Voting Authority
Name of Issuer Class CUSIP (x$1000) Prn Amt Prn Call Discretion Managers Sole Shared None
1 AMERICAN EXPRESS CO.
CMN Common Stock 025816109 12,682 187989 SH Sole 187989
2 APPLE, INC. CMN Common Stock 037833100 3,502 7911 SH Sole 7911
3 BERKSHIRE HATHAWAY
INC. CLASS B Common Stock 084670702 7,057 67722 SH Sole 67722
4 CABELA'S INCORPORATED
CMN CLASS A Common Stock 126804301 8,319 136874 SH Sole 136874
5 CBS CORPORATION CMN
CLASS B Common Stock 124857202 8,293 177625 SH Sole 177625
6 FAMILY DOLLAR STORES
INC CMN Common Stock 307000109 2,904 49187 SH Sole 49187
7 FIDELITY NATIONAL FINL
CMN Common Stock 31620R105 9,978 395482 SH Sole 395482
8 KRAFT FOODS GROUP,
INC. CMN Common Stock 50076Q106 6,010 116630 SH Sole 116630
9 KRISPY KREME DOUGHNUTS
INC CMN Common Stock 501014104 1,400 96926 SH Sole 96926
10 LIBERTY INTERACTIVE
ORD SHS SERIES Common Stock 53071M104 6,763 316491 SH Sole 316491
11 MASTERCARD
INCORPORATED CMN
CLASS A Common Stock 57636Q104 5,667 10473 SH Sole 10473
12 MICROSOFT CORPORATION
CMN Common Stock 594918104 6,305 220430 SH Sole 220430
13 MOTOROLA SOLUTIONS INC
CMN Common Stock 620076307 5,737 89592 SH Sole 89592
14 N V R INC CMN Common Stock 62944T105 4,268 3951 SH Sole 3951
15 NEWS CORPORATION CMN
CLASS A Common Stock 65248E104 7,237 237203 SH Sole 237203
16 SIRIUS XM RADIO INC.
CMN Common Stock 82967N108 9,652 3133771 SH Sole 3133771
17 THE HOWARD HUGHES CORP
CMN Common Stock 44267D107 9,639 115011 SH Sole 115011
18 U.S. BANCORP CMN Common Stock 902973304 11,685 344394 SH Sole 344394
19 WELLS FARGO & CO (NEW)
CMN Common Stock 949746101 10,017 270807 SH Sole 270807