13F-HR 1 cumberlandassociatesfinal.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: June 30, 2005 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: Cumberland Associates Address: 1114 Avenue Of the Americas New York, NY 10036 13 File Number: 28-1010 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 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: Gary Tynes Title: CFO Phone: Signature, Place and Date of Signing: Gary Tynes July 28, 2005 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 90 Form 13F Information Table Value Total: 1287851 List of Other Included Managers: No. 13F File Number Name 01 28-1010 CUMBERLAND ASSOCIATES2 02 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 DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D ABB LTD SPONS ADR ADRS STOCKS 000375204 2265 350000 SH SOLE 0102 277188 72812 0 D ADVANCED MED OPTICS COMMON STOCK 00763M108 7950 200000 SH SOLE 0102 157072 42928 0 D ALTRIA GROUP INC COMMON STOCK 02209S103 4850 75000 SH SOLE 0102 59406 15594 0 D AMER INTL GROUP INC COM COMMON STOCK 026874107 15397 265000 SH SOLE 0102 208175 56825 0 D ARAMARK CORPORATION Cl B COMMON STOCK 038521100 20460 775000 SH SOLE 0102 604831 170169 0 D ARBOR REALTY COMMON STOCK 038923108 14350 500000 SH SOLE 0102 396534 103466 0 D ASPEN TECHNOLOGY INC COMMON STOCK 045327103 3967 762900 SH SOLE 0102 604550 158350 0 D AVAYA COM STK COMMON STOCK 053499109 300 36000 SH SOLE 0102 28516 7484 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 10034 220000 SH SOLE 0102 174164 45836 0 D BARR PHARMACEUTICALS INC COM COMMON STOCK 068306109 13160 270000 SH SOLE 0102 213129 56871 0 D BEARINGPOINT INC COMMON STOCK 074002106 17382 2371372 SH SOLE 0102 1868955 502417 0 D BIOENVISION INC Com COMMON STOCK 09059N100 14997 2060000 SH SOLE 0102 1614977 445023 0 D BUNGE LTD COMMON STOCK G16962105 19239 303456 SH SOLE 0102 240315 63141 0 D CABLEVISION NY GROUP CLASS A COMMON STOCK 12686C109 19488 605219 SH SOLE 0102 476197 129022 0 D CADBURY SCHWEPPES PL C ADR 1:4 ADRS STOCKS 127209302 7283 190000 SH SOLE 0102 148589 41411 0 D CENTRAL EUROPEAN MEDIA ENT-A COMMON STOCK G20045202 12380 255882 SH SOLE 0102 196852 59030 0 D COMPASS MINERALS INC COM COMMON STOCK 20451N101 16965 725000 SH SOLE 0102 574676 150324 0 D COMPUWARE CORP COM COMMON STOCK 205638109 12489 1736993 SH SOLE 0102 1341509 395484 0 D CONTINENTAL AIRLINES INC CL B COMMON STOCK 210795308 15139 1140000 SH SOLE 0102 898472 241528 0 D COOPER COS INC COM NEW COMMON STOCK 216648402 13645 224200 SH SOLE 0102 176647 47553 0 D DYNEGY INC CL-A COM STK COMMON STOCK 26816Q101 47871 9850000 SH SOLE 0102 7805739 2044261 0 D E TRADE FINANCIAL CORP COMMON STOCK 269246104 41271 2950000 SH SOLE 0102 2336028 613972 0 D ECC CAPITALCORP REIT COMMON STOCK 26826M108 14386 2160000 SH SOLE 0102 1699383 460617 0 D ENDO PHARMACEUT HLDGS INC COM OPTIONS - PUTS 29264F0SD 7884 300000 SH PUT SOLE 0102 234700 65300 0 D EON LABS INC Com COMMON STOCK 29412E100 7047 230000 SH SOLE 0102 179672 50328 0 D EXTREME NETWORKS INC USD COM COMMON STOCK 30226D106 115 28238 SH SOLE 0102 22253 5985 0 D EYETECH PHARMACEUTIC ALS COMMON STOCK 302297106 11376 900000 SH SOLE 0102 711800 188200 0 D FOUNDRY NETWORKS INC COM COMMON STOCK 35063R100 16994 1971405 SH SOLE 0102 1553537 417868 0 D GENCORP INC USD SOM COMMON STOCK 368682100 31992 1661045 SH SOLE 0102 1280911 380134 0 D GLATFELTER CO COM COMMON STOCK 377316104 23188 1870000 SH SOLE 0102 1461800 408200 0 D GUIDANT CORP COM COMMON STOCK 401698105 13460 200000 SH SOLE 0102 158407 41593 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 44889 3900000 SH SOLE 0102 3088942 811058 0 D HARMONIC INC COM STK COMMON STOCK 413160102 7945 1645000 SH SOLE 0102 1291271 353729 0 D HARRAHS ENTMT INC COM COMMON STOCK 413619107 1081 15000 SH SOLE 0102 11665 3335 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 23068 2110500 SH SOLE 0102 1668642 441858 0 D HERCULES INC COM COMMON STOCK 427056106 13209 933500 SH SOLE 0102 739952 193548 0 D HEWLETT PACKARD CO USD1 COM COMMON STOCK 428236103 16530 703100 SH SOLE 0102 554022 149078 0 D HUGHES SUPPLY INC COM COMMON STOCK 444482103 281 10000 SH SOLE 0102 7922 2078 0 D IAC INTERACTIVE CORP COMMON STOCK 44919P102 12010 500000 SH SOLE 0102 394067 105933 0 D IMPAC MORTGAGE HOLDINGS INC RE REITS/RICS 45254P102 10071 540000 SH SOLE 0102 434677 105323 0 D INTL BUSINESS MACHS CORP COM COMMON STOCK 459200101 22260 300000 SH SOLE 0102 235872 64128 0 D ISHARES Nasdaq Biotechnology US ETF'S - US TR 464287556 11508 169481 SH SOLE 0102 131979 37502 0 D KNOLL INC COM COMMON STOCK 498904200 14030 820000 SH SOLE 0102 635779 184221 0 D KOHL'S CORP COM COMMON STOCK 500255104 3355 60000 SH SOLE 0102 47524 12476 0 D LAIDLAW INTL COMMON STOCK 50730R102 36009 1494130 SH SOLE 0102 1177348 316782 0 D LEAPFROG ENTRPRS COMMON STOCK 52186N106 6360 562873 SH SOLE 0102 438135 124738 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 25875 2539223 SH SOLE 0102 1974233 564990 0 D MEMC ELECTR MATERIALS INC COM COMMON STOCK 552715104 22056 1398585 SH SOLE 0102 1102000 296585 0 D MENTOR GRAPHICS CORP COM COMMON STOCK 587200106 166 16300 SH SOLE 0102 12869 3431 0 D MERCURY INTERACTIVE CORP OPTIONS - PUTS 5894050VZ 6168 160800 SH PUT SOLE 0102 127100 33700 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P209 992 380000 SH SOLE 0102 380000 0 0 D MILLICOM INTL CELLULAR SA COMMON STOCK L6388F110 13770 750000 SH SOLE 0102 583095 166905 0 D MOBILE TELESYSTEMS SP ADR ADRS STOCKS 607409109 9096 270305 SH SOLE 0102 212968 57337 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 42488 515000 SH SOLE 0102 407741 107259 0 D MONTPELIER RE HOLD LTD COM COMMON STOCK G62185106 6570 190000 SH SOLE 0102 150262 39738 0 D MORTGAGEIT HLDS COMMON STOCK 61915Q108 15056 825000 SH SOLE 0102 647620 177380 0 D NCR CORPORATION COM COMMON STOCK 62886E108 7400 210720 SH SOLE 0102 163809 46911 0 D NDS GROUP PLC SPONS ADR ADRS STOCKS 628891103 12206 366322 SH SOLE 0102 282737 83585 0 D NEIGHBORCARE INC COMMON STOCK 64015Y104 11445 345045 SH SOLE 0102 272984 72061 0 D NEIGHBORCARE INC OPTIONS - PUTS 64015Y0UY 6475 195200 SH PUT SOLE 0102 152000 43200 0 D NEWALLIANCE BANCSHAR ES INC COMMON STOCK 650203102 11943 850000 SH SOLE 0102 656530 193470 0 D NEWS CORP CL A COM COMMON STOCK 65248E104 24885 1538007 SH SOLE 0102 1184398 353609 0 D NORTHSTAR RLTY FIN CORP COM COMMON STOCK 66704R100 10175 970000 SH SOLE 0102 766452 203548 0 D NTL INC COM COMMON STOCK 62940M104 8553 125000 SH SOLE 0102 98500 26500 0 D OMNICARE INC COM COMMON STOCK 681904108 14430 340078 SH SOLE 0102 269403 70675 0 D OMNIVISION TECH COMMON STOCK 682128103 374 27500 SH SOLE 0102 21625 5875 0 D PAR PHARMACEUTICAL COS INC OPTIONS - CALLS 69888P1AK 318 10000 SH CALL SOLE 0102 8100 1900 0 D PFIZER INC COM OPTIONS - CALLS 717081EIF 12411 450000 SH CALL SOLE 0102 352600 97400 0 D PHARM HLDRS US ETFS HOLDERS US ETF'S 71712A206 9165 125000 SH SOLE 0102 99694 25306 0 D PLAINS EXPL PRD COMMON STOCK 726505100 32499 914700 SH SOLE 0102 725009 189691 0 D PURECYCLE CORP COM COMMON STOCK 746228303 4311 550000 SH SOLE 0102 431653 118347 0 D QC HOLDING COMMON STOCK 74729T101 9097 630000 SH SOLE 0102 498523 131477 0 D RUBY TUESDAY INC COM COMMON STOCK 781182100 1943 75000 SH SOLE 0102 59096 15904 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 18840 4000000 SH SOLE 0102 3118780 881220 0 D SKYWORKS SOLUTIONS I NC COMMON STOCK 83088M102 7713 1046600 SH SOLE 0102 824665 221935 0 D SONY CORP AMERN SH NEWADR ADRS STOCKS 835699307 27705 804446 SH SOLE 0102 625457 178989 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 23457 1050000 SH SOLE 0102 824507 225493 0 D SPRINT CORP COM COMMON STOCK 852061100 32461 1293785 SH SOLE 0102 1005796 287989 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 4157 85000 SH SOLE 0102 66980 18020 0 D SUPERGEN UNC COM COMMON STOCK 868059106 1851 374766 SH SOLE 0102 290707 84059 0 D TEKELEC COM COMMON STOCK 879101103 3578 213000 SH SOLE 0102 167827 45173 0 D TELEWEST GLOBAL COMMON STOCK 87956T107 56478 2479296 SH SOLE 0102 1933819 545477 0 D TENET HEALTHCARE CORP COM COMMON STOCK 88033G100 18360 1500000 SH SOLE 0102 1181865 318135 0 D THE MEDICINES COM STK COMMON STOCK 584688105 1171 50200 SH SOLE 0102 39409 10791 0 D TIBCO SOFTWARE INC USD COM COMMON STOCK 88632Q103 4881 746300 SH SOLE 0102 590481 155819 0 D TOWER GROUP COMMON STOCK 891777104 10350 662200 SH SOLE 0102 524400 137800 0 D UAP HOLDING COMMON STOCK 903441103 27040 1628900 SH SOLE 0102 1279569 349331 0 D VISHAY INTERTECHNLGY INC COMMON STOCK 928298108 15624 1316259 SH SOLE 0102 1023608 292651 0 D VIVENDI SPONSORED ADR ADRS STOCKS 92851S204 16994 542422 SH SOLE 0102 418300 124122 0 D WEATHERFORD INTL LTD BERMUDA COMMON STOCK G95089101 17394 300000 SH SOLE 0102 237865 62135 0 S REPORT SUMMARY 90 DATA RECORDS 1287851 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED