13F-HR 1 body.txt JL ADVISORS 13F 9-30-2005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Quarter Ended: 9/30/05 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: JL Advisors, LLC ------------------ Address: 400 Madison Avenue, 5th Floor New York, NY 10017 Form 13F File Number: 28-5227 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: Michael Lewittes Title: Managing Member Phone: (212) 593-2392 Signature, Place, and Date of Signing: Michael Lewittes New York, NY [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: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-____________ _______________________________ [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 27 Form 13F Information Table Value Total: $ 952,741 (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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name ____ 28-____________ ____________________________ [Repeat as necessary.] None

FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ---- ~~ADVANCED~~ANNTAYLOR ~~MEDICAL~~STORES ~~OPTICS~~CORP ~~INC~~ COM ~~00763M108~~036115103 ~~22445~~14366 ~~619843~~541100 SH - SOLE ~~619843~~541100 0 0 ~~ALERIS~~CKX ~~INTL~~ INC COM ~~014477103~~12562M106 ~~5833~~16055 ~~233778~~1277278 SH - SOLE ~~233778~~1277278 0 0 ~~ANHEUSER~~CSK ~~BUSCH~~CORP ~~COS INC PUT 035229953 690 240000 - PUT SOLE 240000 0 0 BARR PHARMACEUTICALS INC~~ COM ~~068306109~~126408103 ~~24495~~22072 ~~501636~~474876 SH - SOLE ~~501636~~474876 0 0 ~~BLOCKBUSTER~~CVS ~~INC~~CORP ~~CL A 093679108 3594 407000 SH - SOLE 407000 0 0 BORDERS GROUP INC~~ COM ~~099709107~~126650100 ~~53125~~149971 ~~1995691~~5169641 SH - SOLE ~~1995691~~5169641 0 0 ~~CANADIAN~~ENDO ~~PAC~~PHARMACEUTICALS RYHLDGS ~~LTD~~I COM ~~13645T100~~29264F205 ~~14567~~14926 ~~404985~~559641 SH - SOLE ~~404985~~559641 0 0 ~~CARMAX~~ENDO ~~INC~~PHARMACEUTICALS ~~COM~~HLDGS ~~143130102~~I ~~28002~~CALL ~~888955~~29264F905 SH249 -58500 ~~SOLE~~CALL ~~888955 0 0 CIMAREX ENERGY CO COM 171798101 6356 162976 SH -~~ SOLE ~~162976~~58500 0 0 ~~CKE~~ADVANCED ~~RESTAURANTS~~MEDICAL ~~INC~~OPTICS ~~COM 12561E105 23419 1477537 SH - SOLE 1477537 0 0 COCA COLA ENTERPRISES~~ INC COM ~~191219104~~00763M108 ~~105924~~63457 ~~5161996~~1672109 SH - SOLE ~~5161996~~1672109 0 0 COLLECTORS UNIVERSE INC COM NEW 19421R200 2794 145811 SH - SOLE 145811 0 0 CONSOL ENERGY INC COM 20854P109 32780 697144 SH - SOLE 697144 0 0 CORINTHIAN COLLEGES INC COM 218868107 13591 864552 SH - SOLE 864552 0 0 CYTYC CORP COM 232946103 5177 225000 SH - SOLE 225000 0 0 DRESS BARN INC COM 261570105 6529 358318 SH - SOLE 358318 0 0 DYCOM INDS INC COM 267475101 4598 200000 SH - SOLE 200000 0 0 EXCEL MARITIME CARRIERS LTD COM V3267N107 1661 90000 SH - SOLE 90000 0 0 FIDELITY NATL FINL INC COM 316326107 ~~10950~~62448 ~~332409~~1402697 SH - SOLE ~~332409~~1402697 0 0 ~~GENELABS TECHNOLOGIES INC COM 368706107 597 994836 SH - SOLE 994836 0 0 GENESCO INC COM 371532102 17742 624291 SH - SOLE 624291 0 0~~ GREAT ATLANTIC & PAC TEA INC COM 390064103 ~~18226~~8508 ~~1223200~~300000 SH - SOLE ~~1223200~~300000 0 0 ~~HARRAHS ENTMT INC COM 413619107 78461 1214936 SH - SOLE 1214936 0 0~~ HERBALIFE LTD COM USD SHS G4412G101 ~~16112~~11471 ~~1057200~~380590 SH - SOLE ~~1057200~~380590 0 0 ~~HILTON~~INTERNET ~~HOTELS~~CAP ~~CORP~~GROUP INC COM ~~432848109~~NEW ~~93374~~46059C205 ~~4177799~~6549 743400 SH - SOLE ~~4177799~~743400 0 0 KERR MCGEE CORP COM 492386107 ~~63510~~19422 ~~810801~~200000 SH - SOLE ~~810801~~200000 0 0 ~~KMART~~MASSEY ~~HLDG~~ENERGY ~~CORPORATION~~CORP COM ~~498780105~~576206106 ~~78922~~56345 ~~592641~~1103287 SH - SOLE ~~592641~~1103287 0 0 ~~LAIDLAW~~NRG ~~INTL~~ENERGY INC COM ~~50730R102 5399 259555 SH - SOLE 259555 0 0 LIONS GATE ENTMNT CORP COM~~ NEW ~~535919203~~629377508 ~~9389~~36174 ~~849700~~849152 SH - SOLE ~~849700~~849152 0 0 ~~MAGNUM~~NEW ~~HUNTER~~SKIES ~~RES~~SATELLITES ~~INC~~HLDGS ~~COM~~SHS ~~PAR~~G64865101 ~~$0.002~~5841 ~~55972F203~~277500 ~~11353 704733~~ SH - SOLE ~~704733~~277500 0 0 MOLSON COORS BREWING CO CALL 60871R909 835 116000 - CALL SOLE 116000 0 0 MOLSON COORS BREWING CO CL B 60871R209 142915 1851950 SH - SOLE 1851950 0 0 NEIMAN MARCUS GROUP INC CALL 640204902 413 50000 - CALL SOLE 50000 0 0 NEIMAN MARCUS GROUP INC CL A 640204202 37097 405388 SH - SOLE 405388 0 0 NORANDA INC COM 655422103 21678 1072100 SH - SOLE 1072100 0 0 NORDSTROM INC COM 655664100 20209 364914 SH - SOLE 364914 0 0 NRG ENERGY INC COM NEW 629377508 30395 890055 SH - SOLE 890055 0 0 OFFICE DEPOT INC COM 676220106 ~~152363~~83702 ~~6869397~~2818258 SH - SOLE ~~6869397~~2818258 0 0 ~~OFFICEMAX INC DEL COM 67622P101 65757 1962900 SH - SOLE 1962900 0 0~~ OWENS ILL INC COM NEW 690768403 ~~49591~~30243 ~~1972576~~1466699 SH - SOLE ~~1972576~~1466699 0 0 ~~PANTRY~~RITE ~~INC~~AID CORP COM ~~698657103~~767754104 ~~10208~~28200 ~~329595~~7267986 SH - SOLE ~~329595~~7267986 0 0 ~~PENNEY~~RELIANT JENERGY C INC COM ~~708160106~~75952B105 ~~15815~~54458 ~~304600~~3527084 SH - SOLE ~~304600~~3527084 0 0 ~~PRECISION~~RADIOSHACK ~~DRILLING~~ CORP COM ~~74022D100~~750438103 ~~30249~~22706 ~~405155~~915564 SH - SOLE ~~405155~~915564 0 0 ~~RAYOVAC~~SAKS ~~CORP~~INC COM ~~755081106~~79377W108 ~~63763~~8973 ~~1532775~~485000 SH - SOLE ~~1532775~~485000 0 0 ~~RELIANT~~TUPPERWARE ~~ENERGY~~CORP ~~INC~~ COM ~~75952B105~~899896104 ~~18300~~4556 ~~1608100~~200000 SH - SOLE ~~1608100~~200000 0 0 ~~TOYS~~TIME RWARNER US INC COM ~~892335100~~887317105 ~~15693~~49984 ~~609200~~2760000 SH - SOLE ~~609200~~2760000 0 0 ~~TYCO~~TXU ~~INTL~~CORP ~~LTD NEW~~ COM ~~902124106~~873168108 ~~74167~~25777 ~~2194282~~228356 SH - SOLE ~~2194282~~228356 0 0 ~~UNITEDGLOBALCOM~~VINTAGE CLPETE AINC ~~913247508~~COM ~~2838~~927460105 ~~300000~~30273 663000 SH - SOLE ~~300000~~663000 0 0 ~~VINTAGE~~WENDYS ~~PETE~~INTL INC COM ~~927460105~~950590109 ~~14659~~72781 ~~465968~~1611991 SH - SOLE ~~465968~~1611991 0 0 ~~YELLOW~~CIMAREX ~~ROADWAY~~ENERGY ~~CORP~~CO COM ~~985577105~~171798101 ~~32638~~53234 ~~557531~~1174360 SH - SOLE ~~557531~~1174360 0 0

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