13F-HR 1 v096196_13fhr.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: September 30, 2007 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: Sweetwater Asset Management LLC Address: 375 Southpointe Bloulevard, Suite 210 Canonsburg, Pennsylvania 15317 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: Name: W. Cifford McNary, Jr. Title: Chief Compliance Officer Phone: 724-745-7815 Signature, Place, and Date of Signing: /s/ W. Cifford McNary, Jr. Canonsburg, Pennsylvania December 3, 2007 -------------------------- ------------------------ ---------------- [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: 0 Form 13F Information Table Entry Total: 17 Form 13F Information Table Value Total: $ 6,391.65 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(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.]

Cusip Value Sh/Prn SH PUT Invstmt Other Name Of Issuer Title of Class Number (x1000) Amount PRN CALL Dscretn Managers Sole Shared Other ------------------------------- -------------- ----------- --------- ------~~---~~ ------ --- -~~---~~ ------- -------- -------- ------ ----- ALLIANT TECHSYSTEMS INC COMMON STOCKS 018804104 ~~391~~237.0007 ~~5000~~2169 SH Sole 0 ~~5000~~2169 0 0 ANHEUSER BUSCH COMPANIES INC COMMON STOCKS 035229103 ~~7833~~451.5297 ~~159217~~9041 SH Sole 0 ~~159217~~9041.25 0 0 Bank Of America Corp COMMON STOCKS 060505104 ~~379~~204.5336 ~~7109~~4065 SH Sole 0 ~~7109~~4065.16 0 0 BERKSHIRE HATHAWAY INC DEL CL B COMMON STOCKS 084670207 ~~7401~~509.6581 ~~2019~~129 SH Sole 0 ~~2019~~129 0 0 CARDINAL HEALTH INC COMMON STOCKS 14149Y108 ~~5034~~362.0451 ~~78140~~5797 SH Sole 0 ~~78140 0 0 CARDINAL HEALTH INC PUT OPTIONS 14149Y108 528~~5797.0042 ~~8200 SH PUT Sole~~ 0 ~~8200~~ 0 ~~0 Cetalon Corporation Xxx COMMON STOCKS 15718P105 0.00 14000 SH Sole 0 14000 0 0~~ CITIGROUP INC COMMON STOCKS 172967101 ~~6406~~459.9697 ~~115021~~9856 SH Sole 0 ~~115021~~9855.73 0 0 CONOCOPHILLIPS COMMON STOCKS 20825C104 ~~5502~~386.4692 ~~76479~~4408 SH Sole 0 ~~76479 0 0 Diamonds TRUST Series I COMMON STOCKS 252787106 210~~4408.2537 ~~1690 SH Sole~~ 0 ~~1690~~ 0 ~~0 DOW JONES & CO INC COMMON STOCKS 260561105 821.20 21600 SH Sole 0 21600 0 0~~ Exxon Mobil Corporation COMMON STOCKS 30231G102 ~~270~~257.8104 ~~3534~~2777 SH Sole 0 ~~3534~~2777 0 0 ~~FEDERATED INVESTORS INC (PA.) COMMON STOCKS 314211103 1111.00 32900 SH Sole 0 32900 0 0 FIFTH THIRD BANCORP COMMON STOCKS 316773100 3109.97 75975 SH Sole 0 75975 0 0~~ GENERAL ELECTRIC CO COMMON STOCKS 369604103 ~~3744~~524.6059 ~~100634~~12671 SH Sole 0 ~~100634~~12671.23 0 0 HUNTINGTON BANCSHARES INC COMMON STOCKS 446150104 ~~1351~~319.3163 ~~56913~~18824 SH Sole 0 ~~56913~~18824 0 0 ~~INTEL CORP COMMON STOCKS 458140100 413.32 20411 SH Sole 0 20411 0 0~~ ISHARES TR S&P 500 Barra ~~S&P~~Index ~~500~~Equity ~~GRW~~ 464287309 ~~2701~~454.6414 ~~41618~~6382 SH Sole 0 ~~41618~~6382 0 0 ISHARES TR S&P ~~500~~100 ~~VALUE~~Indes ~~464287408~~Index ~~4102.12~~Equity ~~53354~~464287101 ~~SH Sole 0 53354 0 0 Ishares S&P Euro 350 Idx S&P Euro Plus 464287861 704~~299.4599 ~~6711~~4194 SH Sole 0 ~~6711~~4194 0 0 ~~J P Morgan Chase & Co COMMON STOCKS 46625H100 643.41 13321 SH Sole 0 13321 0 0~~ JOHNSON & JOHNSON COMMON STOCKS 478160104 ~~7313~~479.4415 ~~110784~~7293 SH Sole 0 ~~110784~~7293.08 0 0 KEYCORP NEW COMMON STOCKS 493267108 ~~7042~~320.8551 ~~185198~~9913 SH Sole 0 ~~185198 0 0 Lancaster Colony Corp COMMON STOCKS 513847103 412~~9913.3572 ~~9306 SH Sole~~ 0 ~~9306~~ 0 0 MICROSOFT CORP COMMON STOCKS 594918104 5267.12 176397 SH Sole 0 176397 0 0 NABORS INDUSTRIES LTD COMMON STOCKS G6359F103 4144.41 139184 SH Sole 0 139184 0 0 NASDAQ 100 SHARES COMMON STOCKS 631100104 621.26 14400 SH Sole 0 14400 0 0 NATIONAL CITY CORP COMMON STOCKS 635405103 5758.00 157504 SH Sole 0 157504 0 0 NIKE INC CL B COMMON STOCKS 654106103 1180.27 11921 SH Sole 0 11921 0 0 OIL SVC HOLDRS TR COMMON STOCKS 678002106 1326.32 9500 SH Sole 0 9500 0 0 PARK NATL CORP COMMON STOCKS 700658107 ~~752~~341.9099 ~~7600~~3922 SH Sole 0 ~~7600~~3922 0 0 PLAYBOY ENTERPRISES INC-CL B COMMON STOCKS 728117300 ~~661~~120.0761 ~~57684~~11230 SH Sole 0 ~~57684~~11230 0 0 PROCTER & GAMBLE CO COMMON STOCKS 742718109 ~~3823~~661.9239 ~~59501~~9402 SH Sole 0 ~~59501 0 0 RAYTHEON CO COMMON STOCKS 755111507 883~~9402.728 ~~16733 SH Sole~~ 0 ~~16733~~ 0 0 S & P 500 INDEX (Bridge Symbol) PUTS NON-EQUITY OPTIONS 648815108 28366.00 20000 SH PUT Sole 0 20000 0 0 S P D R TRUST Unit SR Unit Ser 1 78462F103 1150.52 8124 SH Sole 0 8124 0 0 SAKS INC COMMON STOCKS 79377W108 212.00 11898 SH Sole 0 11898 0 0 SECTOR SPDR TR COMMON STOCKS 81369Y506 2861.05 48793 SH Sole 0 48793 0 0 STERIS CORP COMMON STOCKS 859152100 201.00 8000 SH Sole 0 8000 0 0 VALERO ENERGY CORP NEW COMMON STOCKS 91913Y100 435.00 8500 SH Sole 0 8500 0 0 WABTEC CORP. COMMON STOCKS 929740108 645.99 21265 SH Sole 0 21265 0 0 WALGREEN CO COMMON STOCKS 931422109 2180.46 47525 SH Sole 0 47525 0 0 WORTHINGTON INDUSTRIES INC COMMON STOCKS 981811102 1047.32 59107 SH Sole 0 59107 0 0 YAHOO INC COMMON STOCKS 984332106 564.55 22100 SH Sole 0 22100 0 0 Ishares Tr Lehman Agg Bd Fd 1-3 Yr Trs Bd 464287457 319.84 4000 SH Sole 0 4000 0 0 129,832.62

Filing Compare · Sweetwater Asset Management LLC