13F-HR 1 d1193209_13f-hr.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: March 31, 2011 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: X-10 Capital Partners (QP), LP Address: 201 North Union Street, Suite 300 Alexandria, Virginia 22314 13F File Number: 028-14092 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: Mark J. Kington Title: Managing Member Phone: (703) 519-7991 Signature, Place and Date of Signing: /s/ Mark J. Kington Alexandria, Virginia May 16, 2011 ----------------------- -------------------------- ---------------------- [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 managers(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: None Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 42 Form 13F Information Table Value Total: $79,526 (thousands) List of Other Included Managers: Form 13F File Number Name 028-14091 X-10 Capital Management, LLC FORM 13F INFORMATION TABLE March 31, 2011

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ~~-------------- --------- --------- -------- ------------------ ---------- -------- -------------------~~ TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ~~-------------- --------- --------- -------- ------- --- ---- ---------- -------- ---- ------ ----~~ ABOVENET INC COM 00374N107 1,~~742~~932.1183 29,800 SH Defined 29,800 AKASPEN ~~STL~~TECHNOLOGY ~~HLDG CORP COM 001547108 933.09 57,000 SH Defined 57,000 ALCOA~~ INC COM ~~013817101~~045327103 ~~1,539~~562.0013 ~~100~~37,~~000 SH Defined 100,000 AMR CORP COM 001765106 2,742.08 352,000 SH Defined 352,000 APPLE INC COM 037833100 7,096.32 22,000 SH Defined 22,000 ASBURY AUTOMOTIVE GROUP INC COM 043436104 3,113.88 168,~~500 SH Defined ~~168~~37,500 BARRICK GOLD CORP COM 067901108 ~~930~~1,738.6599 1733,500 SH Defined 1733,500 ~~CAPITAL~~BLACKSTONE ~~GOLD~~GROUP ~~CORP~~L P COM ~~NEW~~UNIT ~~14018Y205~~LTD ~~367~~09253U108 1,430.3240 7280,~~450~~000 SH Defined 7280,~~450~~000 CELANESE CORP DEL COM SER A 150870103 3,~~026~~527.0042 7379,500 SH Defined 7379,500 CHESAPEAKE LODGING TR SH BEN INT 165240102 ~~319~~4,213.7722 17242,000 SH Defined 17242,000 ~~CITIGROUP~~COGENT COMM GROUP INC COM ~~172967101~~NEW ~~3,859~~19239V302 55.6865 ~~816~~3,~~000~~900 SH Defined ~~816~~3,~~000~~900 ~~COOPER~~COMERICA ~~TIRE~~INC ~~& RUBR CO~~ COM ~~216831107~~200340107 ~~1,108~~591.2619 4716,~~000~~100 SH Defined 4716,~~000~~100 ~~EASTMAN~~COOPER ~~CHEM~~TIRE & RUBR CO COM ~~277432100~~216831107 ~~992~~2,441.1410 1194,800 SH Defined 1194,800 ~~FINISAR~~DELTA ~~CORP~~AIR LINES INC DEL COM NEW ~~31787A507~~247361702 ~~712~~3,234.5600 24330,000 SH Defined 24330,000 ~~GENERAL~~FIFTH ~~ELECTRIC~~THIRD COBANCORP COM ~~369604103~~316773100 41,~~307~~165.3092 ~~235~~84,~~500~~000 SH Defined ~~235~~84,~~500~~000 ~~GLOBAL~~GENERAL ~~PMTS~~ELECTRIC ~~INC~~CO COM ~~37940X102~~369604103 23,~~056~~639.3508 44181,500 SH Defined 44181,500 ~~GOLDMAN SACHS GROUP INC COM 38141G104 4,237.63 25,200 SH Defined 25,200~~ GOODYEAR TIRE & RUBR CO COM 382550101 2,~~416~~492.2267 ~~203~~166,~~900~~400 SH Defined ~~203~~166,~~900~~400 GOOGLE INC CL A 38259P508 32,~~326~~256.2391 53,~~600~~850 SH Defined 53,~~600~~850 ~~HAWAIIAN~~HEWLETT ~~HOLDINGS~~PACKARD ~~INC~~CO COM ~~419879101~~428236103 13,~~944~~687.3230 ~~248~~90,000 SH Defined ~~248~~90,000 ~~HOME~~HUNTINGTON ~~DEPOT~~BANCSHARES INC COM ~~437076102~~446150104 ~~1,388~~683.3892 39103,~~600~~000 SH Defined 39103,~~600~~000 ~~INTERCONTINENTAL~~JPMORGAN ~~HTLS~~CHASE ~~GRP~~& PLCO ~~SPONS~~COM ~~ADR~~46625H100 ~~NEW 45857P301 670~~6,145.8213 34133,~~000~~300 SH Defined 34133,~~000~~300 ~~JDS~~KEYCORP ~~UNIPHASE~~NEW ~~CORP~~ COM ~~PAR~~493267108 $0932.~~001~~40 ~~46612J507 622.64 43~~105,000 SH Defined 43105,000 ~~JPMORGAN CHASE & CO COM 46625H100 5,548.54 130,800 SH Defined 130,800~~ KINROSS GOLD CORP COM NO PAR 496902404 1,~~422~~609.0065 75102,~~000~~200 SH Defined 75102,~~000~~200 KKR & CO L P DEL COM UNITS 48248M102 23,~~695~~918.1671 ~~189~~238,800 SH Defined ~~189~~238,800 KT CORP SPONSORED ADR 48268K101 2,~~337~~644.9236 ~~112~~135,400 SH Defined ~~112~~135,400 ~~LOWES~~LEAP ~~COS~~WIRELESS INTL INC COM ~~548661107~~NEW 521863308 1,~~329~~510.2428 5397,~~000~~500 SH Defined 5397,~~000~~500 ~~LYONDELLBASELL~~MACYS ~~INDUSTRIES~~INC NCOM ~~SHS~~55616P104 ~~- A - N53745100 2~~3,~~039~~372.9214 59139,~~300~~000 SH Defined 59139,~~300~~000 ~~MACYS~~METROPCS COMMUNICATIONS INC COM ~~55616P104~~591708102 21,~~605~~291.9008 ~~103~~79,~~000~~500 SH Defined ~~103~~79,~~000~~500 ~~MICROSOFT~~NEWMONT MINING CORP COM ~~594918104~~651639106 71,~~019~~593.3774 ~~251~~29,~~500~~200 SH Defined ~~251~~29,~~500~~200 ~~MONSANTO~~NII COHLDGS ~~NEW~~INC ~~COM~~CL ~~61166W101~~B NEW 62913F201 2,~~541~~125.8617 3651,~~500~~000 SH Defined 3651,~~500~~000 ~~NEWMONT~~OCLARO ~~MINING~~INC ~~CORP~~ COM ~~651639106~~NEW ~~1,443~~67555N206 788.6144 2368,500 SH Defined 2368,500 ~~NOKIA~~ON SEMICONDUCTOR CORP ~~SPONSORED~~COM ~~ADR~~682189105 ~~654902204 4,499~~197.5240 ~~436~~20,000 SH Defined ~~436~~20,000 ~~NVR~~PCCW ~~INC~~LTD COM ~~62944T105~~6574071 ~~1,036~~487.5333 1,~~500~~170,000 SH Defined 1,~~500~~170,000 ~~OCLARO~~PEOPLES UNITED FINANCIAL INC COM ~~NEW~~712704105 ~~67555N206 986~~1,503.2531 75119,~~000~~500 SH Defined 75119,~~000~~500 ~~PENSKE~~PNC ~~AUTOMOTIVE~~FINL ~~GRP~~SVCS GROUP INC COM ~~70959W103~~693475105 1,~~593~~171.9361 9118,~~500~~600 SH Defined 9118,~~500~~600 ~~RESEARCH~~POPULAR ININC ~~MOTION LTD~~ COM ~~760975102~~733174106 ~~1,511~~797.3834 26274,000 SH Defined 26274,000 ~~SONIC~~SINGAPORE ~~AUTOMOTIVE~~TELECOM ~~INC~~LTD CLCOM AB02PY22 ~~83545G102 3,467~~742.5673 ~~261~~310,~~900~~000 SH Defined ~~261~~310,~~900~~000 ~~STEEL~~TELSTRA ~~DYNAMICS~~CORP ~~INC~~LTD COM ~~858119100~~6087289 ~~960~~786.7545 52270,~~500~~000 SH Defined 52270,~~500~~000 ~~TOLL~~TW ~~BROTHERS~~TELECOM INC COM ~~889478103~~87311L104 ~~912~~2,649.0060 48138,000 SH Defined 48138,000 UNITED CONTL HLDGS INC COM 910047109 36,~~675~~669.6663 ~~154~~290,~~310~~110 SH Defined ~~154~~290,~~310~~110 UNITED STATES ~~STL~~CELLULAR CORP ~~NEW~~ COM ~~912909108~~911684108 ~~1,752~~576.6069 3011,~~000~~200 SH Defined 3011,~~000~~200 WELLS FARGO & CO NEW COM 949746101 3,~~594~~677.8420 116,000 SH Defined 116,000 ~~WHIRLPOOL~~ZIONS ~~CORP~~BANCORPORATION COM ~~963320106~~989701107 ~~1,030~~581.4311 25,200 SH Defined 25,200 LCC US 04/11 C10.00 COM US90341W108 10.95 1,~~600~~825 SH Defined 1,825 LCC US 06/11 C10.00 COM US90341W108 65.10 1,~~600~~550 SH Defined 1,550 LCC US 09/11 C12.00 COM US90341W108 25.85 550 SH Defined 550

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