13F-HR 1 v173901_13f-hr.txt ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0006 Expires: December 31, 2009 Estimated average burden hours per response.........22.6 ------------------------------- 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, 2009 ----------------- 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: First Q Capital, LLC ------------------------------------------------- Address: 888 San Clemente Drive, Suite 180 ------------------------------------------------- Newport Beach, California 92660 ------------------------------------------------- Form 13F File Number: 28-12239 -------- 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: Joseph S. Schuchert III ----------------------------------------------- Title: Managing Director ----------------------------------------------- Phone: (949) 720-3000 ----------------------------------------------- Signature, Place, and Date of Signing: /s/ Joseph S. Schuchert III Newport Beach, California February 10, 2010 --------------------------- ------------------------- ----------------- [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: None 1 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------------- Form 13F Information Table Entry Total: 57 --------------------- Form 13F Information Table Value Total: $156,722 --------------------- (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 2 FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 ~~COLUMN~~COLUMN4 4COLUMN5 ~~COLUMN~~COLUMN6 5COLUMN7 ~~COLUMN~~COLUMN8 ~~6 COLUMN 7 COLUMN 8~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~TITLE OF CUSIP~~ VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS ~~NUMBER~~CUSIP (X$1000) PRN AMT PRN CALL DISCRETION ~~MANAGER~~MGRS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ Aercap Holdings SHS N00985106 ~~316~~192 3421,~~829~~229 SH ~~Sole~~YES NONE 3421,~~829~~229 AGA Medical Holdings Inc SHS 008368102 222 15,000 SH YES NONE 15,000 Allegiant Travel Co Com 01748X102 ~~181~~210 4,~~744~~444 SH ~~Sole~~YES NONE 4,~~744~~444 Allied World Assurance ~~SHS~~Com G0219G203 ~~216~~180 43,~~499~~899 SH ~~Sole~~YES NONE 43,~~499~~899 American Reprographics Com 029263100 843,567 8508,845 SH ~~Sole~~YES NONE 8508,845 ~~BARE~~Avago ~~Escentuals~~Technologies ~~Com~~Ltd ~~067511105~~SHS ~~410~~Y0486S104 34216 11,~~466~~800 SH ~~Sole~~YES NONE 3411,~~466~~800 ~~Basic~~BARE ~~Energy~~Escentuals ~~SVCS~~ Com ~~06985P100~~067511105 79159 912,~~273~~966 SH ~~Sole~~YES NONE 912,~~273~~966 Brookdale Senior Living Com 112463104 ~~135~~208 711,434 SH ~~Sole~~YES NONE 711,434 Burger King Holdings Com 121208201 ~~104~~204 510,~~915~~815 SH ~~Sole~~YES NONE 510,~~915~~815 CB Richard Ellis Group CL A 12497T101 ~~13546~~1,5657 1,153,801 SH ~~Sole~~YES NONE 1,153,801 Celanese Corp Com Ser A 150870103 ~~3974~~5,103 158,965 SH ~~Sole~~YES NONE 158,965 ~~Sponsored~~ China Nepstar Sponsored ADR 16943C109 ~~210~~189 3425,~~608~~908 SH ~~Sole~~YES NONE 3425,~~608~~908 Cinemark Holdings Com 17243V102 ~~112~~220 1015,~~803~~303 SH ~~Sole~~YES NONE 1015,~~803~~303 Dice Holdings Com 253017107 ~~158~~205 2431,~~053~~253 SH ~~Sole~~YES NONE 2431,~~053~~253 Dollar General Corp Com 256677105 186 8,300 SH YES NONE 8,300 Dresser-Rand Group Com 261608103 ~~13950~~13,853 ~~448~~438,~~992~~260 SH ~~Sole~~YES NONE ~~448~~438,~~992~~260 Dyncorp Int. Class A 26817C101 ~~10329~~8,234 573,809 SH ~~Sole~~YES NONE 573,809 Emdeon Inc Class A 29084T104 188 12,300 SH YES NONE 12,300 Energy Solutions Com 292756202 ~~9235~~8,649 1,~~001~~018,~~674~~758 SH ~~Sole~~YES NONE 1,~~001~~018,~~674~~758 Eurand NV SHS N31010106 ~~155~~191 1014,~~225~~825 SH ~~Sole~~YES NONE 1014,~~225~~825 Flagstone Reinsurance Hldg. SHS G3529T105 ~~154~~189 1317,~~633~~233 SH ~~Sole~~YES NONE 1317,~~633~~233 Genco Shipping & Trading Ltd SHS Y2685T107 ~~131~~155 6,~~305~~905 SH ~~Sole~~YES NONE 6,~~305~~905 Genpact Ltd SHS G3922B107 ~~199~~204 1613,~~199~~699 SH ~~Sole~~YES NONE 1613,~~199~~699 GT Solar International Com 3623E0209 ~~101~~219 1739,434 SH ~~Sole~~YES NONE 1739,434 HHGregg Inc Com 42833L108 ~~292~~219 179,~~219~~919 SH ~~Sole~~YES NONE 179,~~219~~919 Interline Brands Inc Com 458743101 ~~163~~186 910,~~672~~772 SH ~~Sole~~YES NONE 910,~~672~~772 IPG Photonics Com 44980X109 ~~125~~201 812,~~209~~009 SH ~~Sole~~YES NONE 812,~~209~~009 J Crew Group Com 46612H402 196 54,~~478~~378 SH ~~Sole~~YES NONE 54,~~478~~378 Kinetic Concepts Com 49460W208 ~~15497~~15,397 ~~419~~408,~~062~~952 SH ~~Sole~~YES NONE ~~419~~408,~~062~~952 Kinetic Concepts Com 49460W208 ~~5547~~5,648 150,000 SH PUT ~~Sole~~YES NONE 150,000 Koppers Hldg Com 50060P106 ~~316~~187 106,~~649~~149 SH ~~Sole~~YES NONE 106,~~649~~149 Lululemon Athletica Inc Com 550021109 ~~157~~204 6,~~884~~784 SH ~~Sole~~YES NONE 6,~~884~~784 Maidenform Brands Inc. Com 560305104 ~~3540~~3,679 220,424 SH ~~Sole~~YES NONE 220,424 Medassets Inc Com 584045108 ~~195~~168 87,~~641~~941 SH ~~Sole~~YES NONE 87,~~641~~941 Mercadolibre Com 58733R102 ~~281~~212 74,~~294~~094 SH ~~Sole~~YES NONE 74,~~294~~094 ~~Monotype Imaging Com 61022P100 119 14,174 SH Sole NONE 14,174 New York & Co Inc Com 649295102 90 17,499 SH Sole NONE 17,499 Newstar Financial Inc Com 65251F105 68 20,693 SH Sole NONE 20,693~~ Ntelos Holdings Corp Com 67020Q107 ~~10461~~10,550 592,336 SH ~~Sole~~YES NONE 592,336 Orbitz Worldwide Com 68557K109 ~~4014~~4,768 649,561 SH ~~Sole~~YES NONE 649,561 Pike Electric Corp Com 721283109 ~~136~~930 11100,~~330~~230 SH ~~Sole~~YES NONE 11100,~~330~~230 ~~Polypore~~Pike ~~Intl~~Electric Corp Com ~~73179V103~~721283109 ~~3757~~2,593 ~~290~~279,~~992~~400 SH ~~Sole~~CALL YES NONE ~~290~~279,~~992~~400 Prestige Brands Hldg Inc Com 74112D101 ~~116~~212 1626,~~544~~944 SH ~~Sole~~YES NONE 1626,~~544~~944 ~~Pros~~Railamerica ~~Hldg~~ Inc Com ~~74346Y103~~750753402 ~~142~~183 1615,~~905~~000 SH ~~Sole~~YES NONE 1615,~~905~~000 Regency Energy Partners LP Com Units LP 75885Y107 ~~188~~209 9,~~572~~972 SH ~~Sole~~YES NONE 9,~~572~~972 Riskmetrics Group Inc Com 767735103 ~~124~~209 813,~~453~~153 SH ~~Sole~~YES NONE 813,~~453~~153 Rockwood Hldg Com 774415103 ~~143~~192 68,~~970~~170 SH ~~Sole~~YES NONE 68,~~970~~170 ~~Seagate~~Rue21 ~~Technology~~Inc ~~SHS~~Com ~~G7945J104~~781295100 ~~10900~~213 ~~716~~7,~~608~~600 SH ~~Sole~~YES NONE ~~716~~7,~~608~~600 Seagate Technology SHS G7945J104 ~~5324~~13,035 ~~350~~716,~~000~~608 SH ~~CALL~~YES ~~Sole~~ NONE ~~350~~716,~~000~~608 ~~Sealy~~Select Medical Holdings Corp Com ~~812139301~~81619Q105 90216 2820,~~233~~300 SH ~~Sole~~YES NONE 2820,~~233~~300 Solera Hldg Com 83421A104 ~~5029~~5,821 161,656 SH ~~Sole~~YES NONE 161,656 STR Holdings Inc Com 78478V100 229 14,600 SH YES NONE 14,600 Syniverse Hldg Com 87163F106 ~~146~~200 811,~~367~~467 SH ~~Sole~~YES NONE 811,~~367~~467 Transdigm Group Inc Com 893641100 ~~13636~~4,795 ~~273~~100,~~770~~970 SH ~~Sole~~YES NONE ~~273~~100,~~770~~970 Validus Hldg Com SHS G9319H102 ~~165~~196 67,~~377~~277 SH ~~Sole~~YES NONE 67,~~377~~277 Verifone Holdings Com 92342Y109 ~~19068~~19,305 1,~~200~~178,~~000~~600 SH CALL ~~Sole~~YES NONE 1,~~200~~178,~~000~~600 Vitamin Shoppe Inc Com 92849E101 220 9,900 SH YES NONE 9,900 Warner Chilcott SHS CL A G94368100 ~~228~~301 10,562 SH ~~Sole~~YES NONE 10,562 Warner Music Group Com 934550104 ~~117~~150 2126,~~132~~432 SH ~~Sole~~YES NONE 2126,~~132~~432 Weight Watchers Intl Com 948626106 ~~6867~~7,298 250,260 SH ~~Sole~~YES NONE 250,260 ~~Xerium Technologies Inc Com 98416J100 33 25,497 SH Sole NONE 25,497~~

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