13F-HR 1 g07436e13fvhr.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: 03-31-07 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: 28-10442 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: Chief Financial Officer ----------------------------- Phone: 561-832-4110 ----------------------------- Signature, Place and Date of Signing: /s/ Joseph W. O'Neill, Jr. Palm Beach, FL 5-14-07 -------------------------- --------------------- --------------- [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: 116 ----------- Form 13F Information Table Value Total: 90,488 ----------- (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. 13F File Number Name ___ 28-_________________ _____________________________ [Repeat as necessary]
Otter Creek Management PORTFOLIO APPRAISAL AMERICAN DEPOSITORY RECEIPTS SH 31-Mar-07 CALLS - LONG CALL COMMON STOCK SH FOR M 13F SUMMARY PAGE CONVERTIBLE BONDS - LONG PRN CONVERTIBLE PREFERRED SH Report Summary: CORPORATE BONDS PRN DEFAULTED CORPORATE BONDS PRN Number of other Included Managers: - LIMITED PARTNERSHIPS - LONG SH Form 13F Information Table Entry Total: 116 MUTUAL FUNDS - LONG SH Form 13F Information Table Value Total: 90,488 PREFERRED STOCK SH PUTS - LONG PUT FORM 13F INFORMATION TABLE VOTING AUTHORITY ------------------- VALUE SHARES/ SH/ PUT/ INVSTMT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED -------------------------- -------------------- ---------- -------- ------- ---- ---- ------- -------- -------- --------- 3COM CORP COM COMMON STOCK - LONG 885535104 1424 364,200 SH SOLE 364,200 ABER DIAMOND CORP COMMON STOCK - LONG 002893105 3026 81,000 SH SOLE 81,000 ABERDEEN ASIA PACIFIC INCOME FUND INC MUTUAL FUNDS - LONG 003009107 1640 256,678 SH SOLE 256,678 ALTRIA GROUP INC COMMON STOCK - LONG 02209s103 2810 32,000 SH SOLE 32,000 APACHE CORP COMMON STOCK - LONG 037411105 1271 17,979 SH SOLE 17,979 BLACKROCK INCOME OPPORTUNITY TRUST INC MUTUAL FUNDS - LONG 092475102 106 10,000 SH SOLE 10,000 BLACKROCK S&P 500 PROTECTED EQUTIY FD INC MUTUAL FUNDS - LONG 09256f108 254 25,602 SH SOLE 25,602 BORLAND SOFTWARE CORP COMMON STOCK - LONG 099849101 729 138,300 SH SOLE 138,300 CALL CATERPILLAR MAY 065 **** CALLS - LONG 1491239e3wi 14 40 CALL SOLE 40 CITRIX SYSTEMS INC COMMON STOCK - LONG 177376100 384 12,000 SH SOLE 12,000 CLEVELAND CLIFFS INC COMMON STOCK - LONG 185896107 2676 41,800 SH SOLE 41,800 COMPANHIA VALE DO RIO DOCE SPONSORED ADR R PREFERRED STOCK 204412100 1207 38,600 SH SOLE 38,600 CONAGRA FOODS INC COMMON STOCK - LONG 205887102 710 28,500 SH SOLE 28,500 CYMER INC CONV SENIOR SUB NOTE CONVERTIBLE BONDS - LONG 232572ae7 3853 3,741,000 PRN SOLE 3,741,000 DEAN FOODS CO NEW COMMON STOCK - LONG 242370104 1659 35,500 SH SOLE 35,500 DEVON ENERGY CORPORATION NEW COMMON STOCK - LONG 25179m103 872 12,600 SH SOLE 12,600 DOW CHEMICAL CO. COMMON STOCK - LONG 260543103 2197 47,900 SH SOLE 47,900 DWS GLOBAL COMMODITIES STK FD INC MUTUAL FUNDS - LONG 23338y100 2630 162,329 SH SOLE 162,329 EMERSON ELECTRIC CO COMMON STOCK - LONG 291011104 818 18,986 SH SOLE 18,986 ENERGY PARTNERS LTD COMMON STOCK - LONG 29270u105 454 25,000 SH SOLE 25,000 ENTEGRIS INC COMMON STOCK - LONG 29362U104 535 50,000 SH SOLE 50,000 EXULT INC CONV SENIOR NOTE 144A CONVERTIBLE BONDS - LONG 302284aa2 572 600,000 PRN SOLE 600,000 FINANCIAL INDUSTRIES CORP COMMON STOCK - LONG 317574101 2402 369,519 SH SOLE 369,519 FLOW INTERNATIONAL CORP COMMON STOCK - LONG 343468104 1181 109,972 SH SOLE 109,972 FSI INTL INC COMMON STOCK - LONG 302633102 364 81,457 SH SOLE 81,457 GABELLI DIVIDEND & INCOME FUND MUTUAL FUNDS - LONG 36242h104 540 25,100 SH SOLE 25,100 GAP INC COMMON STOCK - LONG 364760108 867 50,400 SH SOLE 50,400 GREAT PLAINS ENERGY INC COM COMMON STOCK - LONG 391164100 2015 62,100 SH SOLE 62,100 GULF ISLAND FABRICATION INC COMMON STOCK - LONG 402307102 1738 65,000 SH SOLE 65,000 HOME DEPOT INC COMMON STOCK - LONG 437076102 367 10,000 SH SOLE 10,000 HORNBECK OFFSHORE SERVICES INC COMMON STOCK - LONG 440543106 630 22,000 SH SOLE 22,000 HORNBECK OFFSHORE SVCS INC CONV 144A CONVERTIBLE BONDS - LONG 440543ad8 2290 2,500,000 PRN SOLE 2,500,000 INDEPENDENT BANK CORP-MICH COMMON STOCK - LONG 453838104 244 12,000 SH SOLE 12,000 INFOCUS CORP COM COMMON STOCK - LONG 45665B106 644 229,862 SH SOLE 229,862 INTERACTIVE DATA CORP COMMON STOCK - LONG 45840j107 1238 50,000 SH SOLE 50,000 INTERNATIONAL PAPER CO COMMON STOCK - LONG 460146103 1099 30,200 SH SOLE 30,200 KEYSPAN CORP COMMON STOCK - LONG 49337w100 280 6,800 SH SOLE 6,800 LANCE INC COMMON STOCK - LONG 514606102 1307 64,565 SH SOLE 64,565 MBT FINL CORP COMMON STOCK - LONG 578877102 205 15,863 SH SOLE 15,863 MEDTRONIC INC COMMON STOCK - LONG 585055106 245 5,000 SH SOLE 5,000 MONROE BANCORP-IND COMMON STOCK - LONG 610313108 449 25,947 SH SOLE 25,947 MORGAN STANLEY U S GOVT SECS TR CLASS D MUTUAL FUNDS - LONG 616969408 507 56,340 SH SOLE 56,340 NABI BIOPHARMACEUTICALS COMMON STOCK - LONG 629519109 645 121400 SH SOLE 121,400 NABORS INDUSTRIES LTD NEW COMMON STOCK - LONG g6359f103 273 9200 SH SOLE 9,200 NEW YORK TIMES CO-CL A COMMON STOCK - LONG 650111107 2302 97900 SH SOLE 97,900 NEWFIELD EXPLORATION CO COMMON STOCK - LONG 651290108 838 20,100 SH SOLE 20,100 NEWMONT MINING CORP HOLDING CO NEW COMMON STOCK - LONG 651639106 1167 27800 SH SOLE 27,800 NOKIA CORPORATION SPONSORED ADR REPSTG 1 S AMERICAN DEPOSITORY RECEIPTS - 654902204 1650 72,000 SH SOLE 72,000 OLIN CORP NEW COMMON STOCK - LONG 680665205 605 35700 SH SOLE 35,700 PARKER HANNIFIN CORP COMMON STOCK - LONG 701094104 259 3,000 SH SOLE 3,000 PENTAIR INC COMMON STOCK - LONG 709631105 623 20,000 SH SOLE 20,000 POWER-ONE INC COMMON STOCK - LONG 739308104 680 118,962 SH SOLE 118,962 PRAXAIR INC COMMON STOCK - LONG 74005p104 478 7,600 SH SOLE 7,600 PUT CARMAX INC APR 020 **** ADJ 2 FOR 1 PUTS - LONG 3 1,000 PUT SOLE 1,000 PUT CARMAX INC OCT 030 **** ADJ 2 FOR 1 PUTS - LONG 1431309v6 290 500 PUT SOLE 500 PUT CHICAGO MERC JAN 430 **** LONG TERM O PUTS - LONG 59 50 PUT SOLE 50 PUT CHICAGO MERC JAN 430 **** LONG TERM O PUTS - LONG 1k199w9m9wi 16 10 PUT SOLE 10 PUT CHINA LIFE APR 28.125 266sh./ct. PUTS - LONG 1w693w9p7wi 2 85 PUT SOLE 85 PUT CHINA LIFE APR 31.875 266sh./ct. PUTS - LONG 4 361 PUT SOLE 361 PUT CHINA LIFE JUL 35.625 266sh./ct. PUTS - LONG 1w693w9s1wi 15 100 PUT SOLE 100 PUT CHINA LIFE JUL 37.50 266sh./ct. PUTS - LONG 61 260 PUT SOLE 260 PUT CHINA LIFE JUL 41.25 266sh./ct. PUTS - LONG 1w693w9s1 59 100 PUT SOLE 100 PUT CHINA LIFE JUL 45 266sh./ct. PUTS - LONG 220 200 PUT SOLE 200 PUT COLONIAL BAN JUN 025 **** PUTS - LONG 63 600 PUT SOLE 600 PUT COLONIAL BAN SEP 025 **** PUTS - LONG 128 800 PUT SOLE 800 PUT COLONIAL BAN SEP 22.50 PUTS - LONG 66 874 PUT SOLE 874 PUT CROCS INC JAN 040 **** LONG TERM O PUTS - LONG 2w700w9m4 280 700 PUT SOLE 700 PUT CROCS INC JAN 055 **** LONG TERM O PUTS - LONG 2w700w9m4wi 117 100 PUT SOLE 100 PUT DEERE & CO JUN 090 **** PUTS - LONG 2441999r8wi 2 25 PUT SOLE 25 PUT GOLDMAN SACH APR 160 **** PUTS - LONG 3g099w9p0wi 1 100 PUT SOLE 100 PUT INTERCONTI JUN 085 CBOE PUTS - LONG 45865v9r3wi 39 650 PUT SOLE 650 PUT INTERCONTI JUN 100 CBOE PUTS - LONG 45865v9r3 144 600 PUT SOLE 600 PUT INTERCONTI JUN 120 PUTS - LONG 89 100 PUT SOLE 100 PUT INTERCONTI SEP 100 CBOE PUTS - LONG 45865v9u6 153 300 PUT SOLE 300 PUT MBIA INC JAN 060 **** LONG TERM O PUTS - LONG 5x599w9m3wi 410 1,205 PUT SOLE 1,205 PUT MBIA INC JAN 070 **** LONG TERM O PUTS - LONG 142 200 PUT SOLE 200 PUT MORGAN STANL JAN 040 **** LONG TERM O PUTS - LONG 2419369m7 11 200 PUT SOLE 200 PUT NATL CITY CP JAN 040 **** LONG TERM O PUTS - LONG 6q699w9m6 50 265 PUT SOLE 265 PUT NYSE EURONXT JAN 085 **** PUTS - LONG 6n899w9m1wi 69 100 PUT SOLE 100 PUT NYSE EURONXT JAN 100 **** LONG TERM O PUTS - LONG 6n899w9m1 141 100 PUT SOLE 100 PUT NYSE EURONXT JUN 070 **** PUTS - LONG 6294919r4wi 5 150 PUT SOLE 150 PUT NYSE GROUP JUN 070 **** PUTS - LONG 62949w9r6wi 31 200 PUT SOLE 200 PUT REGION FINL AUG 035 **** PUTS - LONG 7591ep9t9 77 612 PUT SOLE 612 PUT S&P 500 INDX DEC 1450CBOE PUTS - LONG 12486q9x0wi 614 100 PUT SOLE 100 PUT SUPERVALU JUL 035 **** PUTS - LONG 8685369s4 11 200 PUT SOLE 200 PUT WCI COMM SEP 025 PBW PUTS - LONG 92923c9u0 230 500 PUT SOLE 500 PUT ZUMIEZ INC AUG 035 AMEX PUTS - LONG 9898179t0 32 150 PUT SOLE 150 PUT ZUMIEZ INC NOV 040 AMEX PUTS - LONG 9898179w3 150 300 PUT SOLE 300 PUT FMD JAN 055 PUTS - LONG 222 200 PUT SOLE 200 PUT FMD JUNE 055 PUTS - LONG 260 250 PUT SOLE 250 PUT ICE SEP 140 PUTS - LONG 488 200 PUT SOLE 200 PUT MBI JAN 075 2008 PUTS - LONG 103 100 PUT SOLE 100 PUT MBI MAY 065 PUTS - LONG 42 200 PUT SOLE 200 PUT NCC JAN 2008 040 Strike PUTS - LONG 231 550 PUT SOLE 550 PUT NYSE GROUP JUN 2007 090 PUTS - LONG 61 133 PUT SOLE 133 PUT RATE MAY 040 PUTS - LONG 108 187 PUT SOLE 187 RIO TINTO PLC SPONSORED ADR AMERICAN DEPOSITORY RECEIPTS - 767204100 410 1800 SH SOLE 1,800 SANDISK CORP COMMON STOCK - LONG 80004c101 1796 41000 SH SOLE 41,000 SANDISK CORP SR NT CONV CONVERTIBLE BONDS - LONG 80004cac5 2625 3,000,000 PRN SOLE 3,000,000 SEABULK INTERNATIONAL INC SENIOR NOTE CORPORATE BONDS 81169pad3 5400 5,000,000 PRN SOLE 5,000,000 SOUTHWEST GAS CORP COMMON STOCK - LONG 844895102 2356 60,600 SH SOLE 60,600 STREETTRACKS GOLD TRUST COMMON STOCK - LONG 863307104 1998 30,400 SH SOLE 30,400 STRYKER CORP COMMON STOCK - LONG 863667101 1353 20400 SH SOLE 20,400 SUN MICROSYSTEMS INC COM COMMON STOCK - LONG 866810104 500 83,200 SH SOLE 83,200 SWISS HELVETIA FUND INC MUTUAL FUNDS - LONG 870875101 380 18895 SH SOLE 18,895 SYPRIS SOLUTIONS INC COMMON STOCK - LONG 871655106 536 82,809 SH SOLE 82,809 TIME WARNER INC NEW COMMON STOCK - LONG 887317105 771 39100 SH SOLE 39,100 TRI-CONTINENTAL CORP MUTUAL FUNDS - LONG 895436103 1135 50000 SH SOLE 50,000 TRIMBLE NAV LTD COMMON STOCK - LONG 896239100 1771 66,000 SH SOLE 66,000 TYSON FOODS INC CL A COMMON STOCK - LONG 902494103 971 50,000 SH SOLE 50,000 UNITED TECHNOLOGIES CORP COMMON STOCK - LONG 913017109 852 13,100 SH SOLE 13,100 VALERO ENERGY CORP NEW COMMON STOCK - LONG 91913y100 1883 29,200 SH SOLE 29,200 VIACOM INC NEW CL A COMMON STOCK - LONG 92553p102 370 9,000 SH SOLE 9,000 WEATHERFORD INTERNATIONAL LTD NEW (BERMUDA COMMON STOCK - LONG g95089101 271 6000 SH SOLE 6,000 XYRATEX LTD COMMON STOCK - LONG g98268108 352 14,734 SH SOLE 14,734 ZIMMER HOLDINGS INC COMMON STOCK - LONG 98956p102 1486 17,400 SH SOLE 17,400