13F-HR 1 g02685e13fvhr.txt OTTER CREEK MANAGEMENT INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6-30-06 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: Otter Creek Management, Inc. ----------------------------------- Address: 400 Royal Palm Way ----------------------------------- Suite 212 ----------------------------------- Palm Beach, FL 33480 ----------------------------------- Form 13F File Number: 28-________________ 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 W. O'Neill, Jr. ----------------------------- Title: CFO ----------------------------- Phone: 561-832-4110 ----------------------------- Signature, Place and Date of Signing: /s/ Joseph W. O'Neill, Jr. Palm Beach, FL 8-1-06 -------------------------- --------------------- --------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDING 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: 144 ----------- Form 13F Information Table Value Total: 106,955 ----------- (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.] Otter Creek Management PORTFOLIO APPRAISAL 30-Jun-06 FORM 13F SUMMARY PAGE Report Summary: Number of other Included Managers: - Form 13F Information Table Entry Total: 144 Form 13F Information Table Value Total: 106,955 FORM 13F INFORMATION TABLE
SHARES/ VOTING AUTHORITY VALUE PRN SH PUT/ INVSTMT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMT PRN CALL DSCRETM MANAGERS SOLE SHARED ----------------------------------------------------------------------------------------------------------------------------------- 3COM CORP COM COMMON STOCK - LONG 885535104 1865 364200 SH SOLE 364,200 ABERCROMBIE & FITCH CO-CL A COMMON STOCK - LONG 002896207 249 4500 SH SOLE 4,500 ABERDEEN ASIA PACIFIC INCOME FUND INC MUTUAL FUNDS - LONG 003009107 1532 256678 SH SOLE 256,678 ACTIVISION INC NEW COMMON STOCK - LONG 004930202 114 10000 SH SOLE 10,000 AMGEN INC COMMON STOCK - LONG 031162100 261 4000 SH SOLE 4,000 APACHE CORP COMMON STOCK - LONG 037411105 614 9000 SH SOLE 9,000 APPLE COMPUTER INC COMMON STOCK - LONG 037833100 600 10500 SH SOLE 10,500 BANK OF AMERICA CORP COMMON STOCK - LONG 060505104 443 9200 SH SOLE 9,200 BANKRATE INC COMMON STOCK - LONG 06646v108 1397 37000 SH SOLE 37,000 IOMET INC COMMON STOCK - LONG 090613100 319 10200 SH SOLE 10,200 BLACKROCK INCOME OPPORTUNITY TRUST INC MUTUAL FUNDS - LONG 092475102 98 10000 SH SOLE 10,000 BOK FINANCIAL CORP NEW COMMON STOCK - LONG 05561q201 605 12181 SH SOLE 12,181 BORLAND SOFTWARE CORP COMMON STOCK - LONG 099849101 730 138300 SH SOLE 138,300 BROADCOM CORP CL A COMMON STOCK - LONG 111320107 372 12250 SH SOLE 12,250 CALL INTERSIL CRP OCT 025 **** CALLS - LONG 46069s9j0 23 150 CALL SOLE 150 CALL NABI BIOPHAR JAN 005 **** LONG TERM O CALLS - LONG 6e199w9a4 140 934 CALL SOLE 934 CALL NORDSTROM JUL 040 **** CALLS - LONG 6556649g7 1 145 CALL SOLE 145 CALL NORTHWEST JAN 007 **** LONG TERM O CALLS - LONG 66728p9a6 1 100 CALL SOLE 100 CALL S&P 500 INDX JUL 1305CBOE CALLS - LONG 12488y9g8 5 25 CALL SOLE 25 CARNIVAL CORP COMMON PAIRED STOCK COMMON STOCK - LONG 143658300 263 6300 SH SOLE 6,300 CENDANT CORP COMMON STOCK - LONG 151313103 397 24400 SH SOLE 24,400 CENTEX CORP COMMON STOCK - LONG 152312104 1217 24200 SH SOLE 24,200 CERADYNE INC-CALIF COMMON STOCK - LONG 156710105 317 6400 SH SOLE 6,400 CISCO SYSTEMS INC COMMON STOCK - LONG 17275r102 293 15000 SH SOLE 15,000 CLEVELAND CLIFFS INC COMMON STOCK - LONG 185896107 4336 54688 SH SOLE 54,688 COLGATE PALMOLIVE CO COMMON STOCK - LONG 194162103 300 5000 SH SOLE 5,000 COMPANHIA VALE DO RIO DOCE SPONSORED ADR R PREFERRED STOCK 204412100 794 38600 SH SOLE 38,600
SHARES/ VOTING AUTHORITY VALUE PRN SH PUT/ INVSTMT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMT PRN CALL DSCRETM MANAGERS SOLE SHARED ----------------------------------------------------------------------------------------------------------------------------------- CONAGRA FOODS INC COMMON STOCK - LONG 205887102 630 28500 SH SOLE 28,500 CORILLIAN CORP COMMON STOCK - LONG 218725109 239 80061 SH SOLE 80,061 CYMER INC CONV SENIOR SUB NOTE CONVERTIBLE BONDS - LONG 232572ae7 3923 3,741,000 PRN SOLE 3,741,000 DEAN FOODS CO NEW COMMON STOCK - LONG 242370104 4671 125600 SH SOLE 125,600 DEVON ENERGY CORPORATION NEW COMMON STOCK - LONG 25179m103 1969 32600 SH SOLE 32,600 DOW CHEMICAL CO COMMON STOCK - LONG 260543103 1620 41500 SH SOLE 41,500 DWS GLOBAL COMMODITIES STK FD INC MUTUAL FUNDS - LONG 23338y100 2093 127077 SH SOLE 127,077 EMERSON ELECTRIC CO COMMON STOCK - LONG 291011104 838 9993 SH SOLE 9,993 ENTEGRIS INC COMMON STOCK - LONG 29362U104 747 78385 SH SOLE 78,385 EXTREME NETWORKS INC CONV NOTE CONVERTIBLE BONDS - LONG 30226dab2 50 50,000 PRN SOLE 50,000 EXTREME NETWORKS INC CONV NTS 144A CONVERTIBLE BONDS - LONG 30226daa4 298 300,000 PRN SOLE 300,000 EXULT INC CONV SENIOR NOTE 144A CONVERTIBLE BONDS - LONG 302284aa2 549 600,000 PRN SOLE 600,000 FINANCIAL INDUSTRIES CORP COMMON STOCK - LONG 317574101 3182 369519 SH SOLE 369,519 FIRST DATA CORP COMMON STOCK - LONG 319963104 450 10000 SH SOLE 10,000 FIRST HORIZON NATL CORP COMMON STOCK - LONG 320517105 281 7000 SH SOLE 7,000 FLOW INTERNATIONAL CORP COMMON STOCK - LONG 343468104 1812 128816 SH SOLE 128,816 FSI INTL INC COMMON STOCK - LONG 302633102 1462 212257 SH SOLE 212,257 GABELLI DIVIDEND & INCOME FUND MUTUAL FUNDS - LONG 36242h104 465 25100 SH SOLE 25,100 GANNETT CO INC COMMON STOCK - LONG 364730101 1821 32550 SH SOLE 32,550 GENERAL MOTORS CORP CONV SR DEB CL A PREFERRED STOCK 370442741 7369 301900 SH SOLE 301,900 GLOBALSTAR INC RSTD SER A COMMON OTHER ASSETS 378973101 10 20135 SH SOLE 20,135 GRANT PRIDECO INC COMMON STOCK - LONG 38821g101 264 5900 SH SOLE 5,900 GREAT PLAINS ENERGY INC COM COMMON STOCK - LONG 391164100 2471 88700 SH SOLE 88,700 GULF ISLAND FABRICATION INC COMMON STOCK - LONG 402307102 1917 95669 SH SOLE 95,669 HARBOR GLOBAL COMPANY LTD LIMITED PARTNERSHIPS - LONG g4285w100 549 60300 SH SOLE 60,300 HARTMARX CORP COMMON STOCK - LONG 417119104 246 41000 SH SOLE 41,000 HOLOGIC INC COMMON STOCK - LONG 436440101 296 6000 SH SOLE 6,000 HOME DEPOT INC COMMON STOCK - LONG 437076102 501 14000 SH SOLE 14,000 INFOCUS CORP COM COMMON STOCK - LONG 45665B106 1559 545162 SH SOLE 545,162 INGERSOLL RAND CO LTD CL A COMMON STOCK - LONG g4776g101 342 8006 SH SOLE 8,006 INTERNATIONAL PAPER CO COMMON STOCK - LONG 460146103 714 22100 SH SOLE 22,100 ISHARES TR GOLDMAN SACHS MULTIMEDIA COMMON STOCK - LONG 464287531 234 7800 SH SOLE 7,800 ISHARES TRUST 1-3 YR TREASURY INDEX FUND MUTUAL FUNDS - LONG 464287457 398 5000 SH SOLE 5,000 KEYSPAN CORP COMMON STOCK - LONG 49337w100 275 6800 SH SOLE 6,800 LAFAYETTE CMNTY BANCORP COMMON STOCK - LONG 506080100 222 9600 SH SOLE 9,600 LAM RESEARCH CORP COMMON STOCK - LONG 512807108 280 6000 SH SOLE 6,000 LIBERTY MEDIA HOLDING CORPORATION INTERACT COMMON STOCK - LONG 53071m104 173 10050 SH SOLE 10,050 MARINEMAX INC COMMON STOCK - LONG 567908108 391 14900 SH SOLE 14,900 MARSHALL & ILSLEY CORP COMMON STOCK - LONG 571834100 252 5500 SH SOLE 5,500
SHARES/ VOTING AUTHORITY VALUE PRN SH PUT/ INVSTMT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMT PRN CALL DSCRETM MANAGERS SOLE SHARED ----------------------------------------------------------------------------------------------------------------------------------- MAXIM INTEGRATED PRODUCTS INC COMMON STOCK - LONG 57772k101 257 8000 SH SOLE 8,000 MBT FINL CORP COMMON STOCK - LONG 578877102 320 20000 SH SOLE 20,000 MONROE BANCORP-IND COMMON STOCK - LONG 610313108 1186 74440 SH SOLE 74,440 NABORS INDUSTRIES LTD NEW COMMON STOCK - LONG g6359f103 311 9200 SH SOLE 9,200 NAM TAI ELECTRONICS INC COMMON STOCK - LONG 629865205 255 11400 SH SOLE 11,400 NEW YORK TIMES CO-CL A COMMON STOCK - LONG 650111107 906 36900 SH SOLE 36,900 NEWMONT MINING CORP HOLDING CO NEW COMMON STOCK - LONG 651639106 2001 37800 SH SOLE 37,800 NOKIA CORPORATION SPONSORED ADR REPSTG 1 S AMERICAN DEPOSITORY RECEIPTS 654902204 1459 72000 SH SOLE 72,000 OLIN CORP NEW COMMON STOCK - LONG 680665205 179 10000 SH SOLE 10,000 PARKER HANNIFIN CORP COMMON STOCK - LONG 701094104 466 6000 SH SOLE 6,000 PENTAIR INC COMMON STOCK - LONG 709631105 342 10000 SH SOLE 10,000 PHASE FORWARD INCORPORATED COMMON STOCK - LONG 71721r406 184 16000 SH SOLE 16,000 POWER-ONE INC COMMON STOCK - LONG 739308104 1091 165359 SH SOLE 165,359 PPG INDUSTRIES INC COMMON STOCK - LONG 693506107 779 11800 SH SOLE 11,800 PRAXAIR INC COMMON STOCK - LONG 74005p104 410 7600 SH SOLE 7,600 Progress Energy-CONT. VALUE OBLIG. COMMON STOCK - LONG 743263aa3 94 337000 SH SOLE 337,000 PUT BANKRATE INC NOV 050 AMEX PUTS - LONG 06646v9w0wi 1325 1,027 PUT SOLE 1,027 PUT CENTEX CORP JAN 065 CBOE PUTS - LONG 1523129m8wi 294 200 PUT SOLE 200 PUT CENTEX CORP JUL 070 CBOE PUTS - LONG 1523129s5wi 248 125 PUT SOLE 125 PUT CHICAGO MERC JAN 350 **** PUTS - LONG 1f199w9m0 183 300 PUT SOLE 300 PUT COLONIAL BAN DEC 025 **** PUTS - LONG 1954939x1 200 1,542 PUT SOLE 1,542 PUT COLONIAL BAN SEP 025 **** PUTS - LONG 1954939u7 26 400 PUT SOLE 400 PUT CORUS BANK DEC 030 CBOE ADJ 2 FOR 1 PUTS - LONG 2208739x3 96 200 PUT SOLE 200 PUT COUNTRYWIDE JAN 035 **** PUTS - LONG 2223729m8 167 953 PUT SOLE 953 PUT COUNTRYWIDE JAN 37.50**** PUTS - LONG 2223729m8 50 200 PUT SOLE 200 PUT DAKTRONICS OCT 020 AMEX ADJ 2 FOR 1 PUTS - LONG 4 60 PUT SOLE 60 PUT EXPEDITORS JAN42.50**** ADJ 2 FOR 1 PUTS - LONG 3021309m3 113 550 PUT SOLE 550 PUT EXPEDITORS NOV52.50**** ADJ 2 FOR 1 PUTS - LONG 3021309w1 129 286 PUT SOLE 286 PUT FLUOR CORP OCT 090 CBOE PUTS - LONG 3434129v6wi 122 230 PUT SOLE 230 PUT GENERAL MTRS JAN12.50**** PUTS - LONG 3704429m9wi 9 200 PUT SOLE 200
SHARES/ VOTING AUTHORITY VALUE PRN SH PUT/ INVSTMT OTHER ----------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) AMT PRN CALL DSCRETM MANAGERS SOLE SHARED ----------------------------------------------------------------------------------------------------------------------------------- PUT GENERAL MTRS JAN17.50**** PUTS - LONG 3704429m9 35 505 PUT SOLE 505 PUT GENERAL MTRS JAN17.50**** PUTS - LONG 3704429m9 34 310 PUT SOLE 310 PUT INTUIT INC AUG 060 **** PUTS - LONG 4612029t2wi 21 100 PUT SOLE 100 PUT MBIA INC JAN 050 PUTS - LONG 55262c9m4wi 57 391 PUT SOLE 391 PUT MBIA INC JAN 055 PUTS - LONG 432 1,600 PUT SOLE 1,600 PUT MBIA INC JAN 060 **** PUTS - LONG 423 900 PUT SOLE 900 PUT MBIA INC JAN 065 **** PUTS - LONG 1280 1,662 PUT SOLE 1,662 PUT PRIVATEBANCO DEC 045 PBW PUTS - LONG 7429629x3 89 202 PUT SOLE 202 PUT PRIVATEBANCO SEP 035 PBW PUTS - LONG 7429629u9 6 30 PUT SOLE 30 PUT PRIVATEBANCO SEP 040 PBW PUTS - LONG 7429629u9 6 40 PUT SOLE 40 PUT PRIVATEBANCO SEP 045 PBW PUTS - LONG 7429629u9 38 100 PUT SOLE 100 PUT WACHOVIA CRP JAN 055 **** PUTS - LONG 9299039m6wi 264 800 PUT SOLE 800 PUT WALGREEN CO JAN 045 **** PUTS - LONG 9314229m3 45 200 PUT SOLE 200 PUT WHOLE FOODS JAN 050 **** LONG TERM O PUTS - LONG 9f999w9m4wi 64 494 PUT SOLE 494 PUT WHOLE FOODS JAN 055 **** LONG TERM O PUTS - LONG 9f999w9m4wi 92 400 PUT SOLE 400 PUT WHOLE FOODS JAN 065 **** LONG TERM O PUTS - LONG 9f999w9m4wi 590 1,000 PUT SOLE 1,000 PUT FMD DEC 050 PUTS - LONG 67 190 PUT SOLE 190 PUT GM JAN 010 PUTS - LONG 18 900 PUT SOLE 900 PUT NCC JAN 37.50 PUTS - LONG 114 400 PUT SOLE 400 PUT REGIONAL BANK HLDRS JAN 140 PUTS - LONG 147 350 PUT SOLE 350 REGAL ENTERTAINMENT GROUP CL A COMMON STOCK - LONG 758766109 242 11900 SH SOLE 11,900 RIO TINTO PLC SPONSORED ADR AMERICAN DEPOSITORY RECEIPTS 767204100 797 3800 SH SOLE 3,800 S&P 500 PROTECTED EQUITY FD INC MUTUAL FUNDS - LONG 78379p103 239 25602 SH SOLE 25,602 SEABULK INTERNATIONAL INC SENIOR NOTE CORPORATE BONDS 81169pad3 5525 5,000,000 PRN SOLE 5,000,000 SOUTHWEST GAS CORP COM COMMON STOCK - LONG 844895102 4629 147700 SH SOLE 147,700 ST JOSEPH CAPITAL CORP COMMON STOCK - LONG 790595102 687 23400 SH SOLE 23,400 STREETTRACKS GOLD TRUST COMMON STOCK - LONG 863307104 1861 30400 SH SOLE 30,400 STRYKER CORP COMMON STOCK - LONG 863667101 859 20400 SH SOLE 20,400 SUN MICROSYSTEMS INC COM COMMON STOCK - LONG 866810104 345 83200 SH SOLE 83,200 SUN MICROSYSTEMS INC SR NOTE CORPORATE BONDS 866810ae4 170 170,000 PRN SOLE 170,000 SWISS HELVETIA FUND INC MUTUAL FUNDS - LONG 870875101 315 18895 SH SOLE 18,895 SYMANTEC CORPORATION COMMON STOCK - LONG 871503108 519 33400 SH SOLE 33,400 SYPRIS SOLUTIONS INC COMMON STOCK - LONG 871655106 783 82809 SH SOLE 82,809 TEXAS INSTRUMENTS INC COMMON STOCK - LONG 882508104 363 12000 SH SOLE 12,000 TEXTRON INC COMMON STOCK - LONG 883203101 332 3600 SH SOLE 3,600 TIME WARNER INC NEW COMMON STOCK - LONG 887317105 625 36100 SH SOLE 36,100 TIVO INC COMMON STOCK - LONG 888706108 179 25000 SH SOLE 25,000 TRIMBLE NAV LTD COMMON STOCK - LONG 896239100 2558 57300 SH SOLE 57,300 TYSON FOODS INC CL A COMMON STOCK - LONG 902494103 853 57400 SH SOLE 57,400 UNITED TECHNOLOGIES CORP COMMON STOCK - LONG 913017109 444 7000 SH SOLE 7,000 UNIVISION COMMUNICATIONS INC CL A COMMON STOCK - LONG 914906102 335 10000 SH SOLE 10,000 VASCO DATA SECURITY INTL INC COMMON STOCK - LONG 92230y104 217 25933 SH SOLE 25,933 VIACOM INC NEW CL A COMMON STOCK - LONG 92553p102 253 7027 SH SOLE 7,027 WALT DISNEY CO HOLDING CO COMMON STOCK - LONG 254687106 324 10800 SH SOLE 10,800 WEATHERFORD INTERNATIONAL LTD NEW (BERMUDA COMMON STOCK - LONG g95089101 323 6500 SH SOLE 6,500 WHOLE FOODS MARKET INC COMMON STOCK - LONG 966837106 646 10000 SH SOLE 10,000 XYRATEX LTD COMMON STOCK - LONG g98268108 534 20200 SH SOLE 20,200 ZIMMER HOLDINGS INC COMMON STOCK - LONG 98956p102 2121 37400 SH SOLE 37,400