13F-HR 1 c12334e13fvhr.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended December 31, 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: WS Capital Management, L.P. Address: 300 Crescent Court, Suite 1111 Dallas, Texas 75201 Form 13F File Number: 28-10349 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: Reid S. Walker Contact Person: Joseph I. Worsham, II Title: Member of WS Capital, L.L.C., general partner of WS Capital Management, L.P. Phone: (214) 756-6056 Signature, Place and Date of Signing: /s/ Reid S. Walker Dallas, Texas February 14, 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 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: 75 Form 13F Information Table Value Total: $876,467 (in 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. NONE FORM 13F Information Table

HECKMANN CORP *W EXP 11/09/201 422680116 371 1,196,100 SH SOLE -- 1,196,100 0 0 HEELYS INC COM 42279M107 1,520 500,000 SH SOLE -- 500,000 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 30,067 2,075,000 SH SOLE -- 2,075,000 0 0 HFF INC CL A 40418F108 14,973 1,550,000 SH SOLE -- 1,550,000 0 0 HILLTOP HOLDINGS INC COM 432748101 3,408 343,500 SH SOLE -- 343,500 0 0 HOLLY CORP COM PAR $0.01 435758305 18,799 461,100 SH SOLE -- 461,100 0 0 INGERSOLL-RAND PLC SHS G47791101 5,415 115,000 SH SOLE -- 115,000 0 0 ISHARES TR RUSSELL 2000 464287655 31,296 400,000 SH PUT SOLE -- 400,000 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 15,923 250,000 SH PUT SOLE -- 250,000 0 0 KINETIC CONCEPTS INC COM NEW 49460W208 4,188 100,000 SH SOLE -- 100,000 0 0 LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 9,972 150,000 SH SOLE -- 150,000 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 4,594 125,000 SH SOLE -- 125,000 0 0 MARATHON OIL CORP COM 565849106 3,703 100,000 SH SOLE -- 100,000 0 0 MATTEL INC COM 577081102 8,901 350,000 SH SOLE -- 350,000 0 0 MEDCATH CORP COM 58404W109 22,460 1,610,000 SH SOLE -- 1,610,000 0 0 MOLSON COORS BREWING CO CL B 60871R209 15,559 310,000 SH SOLE -- 310,000 0 0 NCR CORP NEW COM 62886E108 29,802 1,939,000 SH SOLE -- 1,939,000 0 0 NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 21,078 1,475,000 SH SOLE -- 1,475,000 0 0 OCWEN FINL CORP COM NEW 675746309 7,441 780,000 SH SOLE -- 780,000 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 6,300 130,000 SH SOLE -- 130,000 0 0 PACWEST BANCORP DEL COM 695263103 6,949 325,000 SH SOLE -- 325,000 0 0 PRIMO WTR CORP COM 74165N105 6,395 450,000 SH SOLE -- 450,000 0 0 QEP RES INC COM 74733V100 3,449 95,000 SH SOLE -- 95,000 0 0 RANGE RES CORP COM 75281A109 1,619 36,000 SH SOLE -- 36,000 0 0 SEASPAN CORP SHS Y75638109 18,630 1,500,000 SH SOLE -- 1,500,000 0 0 SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 3,790 120,000 SH SOLE -- 120,000 0 0 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 7,825 376,000 SH SOLE -- 376,000 0 0 STEPAN CO COM 858586100 5,339 70,000 SH SOLE -- 70,000 0 0 STRAYER ED INC COM 863236105 16,135 106,000 SH SOLE -- 106,000 0 0 TENET HEALTHCARE CORP COM 88033G100 20,070 3,000,000 SH SOLE -- 3,000,000 0 0 THQ INC COM NEW 872443403 12,423 2,050,000 SH SOLE -- 2,050,000 0 0 TITANIUM METALS CORP COM NEW 888339207 2,577 150,000 SH SOLE -- 150,000 0 0 TUESDAY MORNING CORP COM NEW 899035505 3,168 600,000 SH SOLE -- 600,000 0 0 UNISYS CORP COM NEW 909214306 8,414 325,000 SH SOLE -- 325,000 0 0 UNISYS CORP COM NEW 909214306 6,473 250,000 SH CALL SOLE -- -- -- -- WELLCARE HEALTH PLANS INC COM 94946T106 10,577 350,000 SH SOLE -- 350,000 0 0

WS CAPITAL MANAGEMENT LP 13F-HR