13F-HR 1 cumberlandassociates0906.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 29, 2006 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 November 9, 2006 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: 0 Form 13F Information Table Entry Total: 98 Form 13F Information Table Value Total: 1134449 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 ACORDA THERAPEUTICS INC COM ST COMMON STOCK 00484M106 2516 275000 SH SOLE 0102 223050 51950 0 D ADAPTEC INC COM STK COMMON STOCK 00651F108 287 65083 SH SOLE 0102 65083 0 0 D ADOLOR CORP COM STK OPTIONS - CALLS 99O95SNF3 694 50000 SH CALL SOLE 0102 40500 9500 0 D ADVANCED MEDICAL OPT ICS INC C COMMON STOCK 00763M108 14649 370382 SH SOLE 0102 299287 71095 0 D ALCON INC COMMON STOCK H01301102 2691 23498 SH SOLE 0102 18959 4539 0 D ALLSTATE CORP COM STK COMMON STOCK 020002101 9397 149805 SH SOLE 0102 118053 31752 0 D AMERICAN HOME MORTGA GE INVEST REITS/RICS 02660R107 3137 89952 SH SOLE 0102 72521 17431 0 D ARCH CAPITAL GROUP L TD BERMU COMMON STOCK G0450A105 2361 37187 SH SOLE 0102 29792 7395 0 D AVAYA INC COM STK COMMON STOCK 053499109 24334 2127111 SH SOLE 0102 1727310 399801 0 D AXIS CAPITAL HLDGS COMMON STOCK G0692U109 3067 88414 SH SOLE 0102 71876 16538 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 14387 268565 SH SOLE 0102 216144 52421 0 D BEARINGPOINT INC COM STK COMMON STOCK 074002106 19458 2475591 SH SOLE 0102 1998123 477468 0 D BECKMAN COULTER INC COM STK COMMON STOCK 075811109 13436 233430 SH SOLE 0102 188086 45344 0 D BIOENVISION INC COM STK COMMON STOCK 09059N100 13499 2449891 SH SOLE 0102 1980273 469618 0 D BLOCKBUSTER INC CL A COM STK COMMON STOCK 093679108 9137 2379443 SH SOLE 0102 1918932 460511 0 D BOSTON SCIENTIFIC CO RP COM ST COMMON STOCK 101137107 5177 350000 SH SOLE 0102 284446 65554 0 D BROADCOM CORP CL A COM STK COMMON STOCK 111320107 1062 35000 SH SOLE 0102 35000 0 0 D BUSINESS OBJECTS SA LEVALLOIS ADRS STOCKS 12328X107 7057 207000 SH SOLE 0102 168445 38555 0 D CANDELA CORP COM STK COMMON STOCK 136907102 546 50000 SH SOLE 0102 40332 9668 0 D CENTEX CORP COM STK COMMON STOCK 152312104 13679 259959 SH SOLE 0102 210498 49461 0 D CENTRAL EUROPEAN MED IA ENTERP COMMON STOCK G20045202 6715 100146 SH SOLE 0102 80733 19413 0 D CHAMPION ENTERPRISES INC COM COMMON STOCK 158496109 8263 1197600 SH SOLE 0102 970282 227318 0 D CHILDREN'S PLACE RET AIL STORE COMMON STOCK 168905107 9604 150000 SH SOLE 0102 122056 27944 0 D CHORDIANT SFTWR COM STK COMMON STOCK 170404107 7253 2362534 SH SOLE 0102 1905201 457333 0 D CLEAN HBRS INC COM STK COMMON STOCK 184496107 2813 64587 SH SOLE 0102 51336 13251 0 D CONAGRA FOODS INC COM STK COMMON STOCK 205887102 2448 100000 SH SOLE 0102 80694 19306 0 D COUNTRYWIDE FINANCIA L CORP CO COMMON STOCK 222372104 7359 210004 SH SOLE 0102 169500 40504 0 D CPI INTERNATIONAL IN C COM STK COMMON STOCK 12618M100 8106 615513 SH SOLE 0102 506268 109245 0 D DYNEGY INC CL A COM STK COMMON STOCK 26816Q101 40669 7341051 SH SOLE 0102 5924794 1416257 0 D E TRADE FINL CORP COM STK COMMON STOCK 269246104 44253 1850041 SH SOLE 0102 1492953 357088 0 D EFJ INC COM STK COMMON STOCK 26843B101 8868 1200028 SH SOLE 0102 972126 227902 0 D ELECTRONIC ARTS INC COM STK COMMON STOCK 285512109 698 12500 SH SOLE 0102 12500 0 0 D EMULEX CORP COM NEW COMMON STOCK 292475209 3634 200000 SH SOLE 0102 162752 37248 0 D FOUNDRY NETWORKS INC COM STK COMMON STOCK 35063R100 33901 2578043 SH SOLE 0102 2093246 484797 0 D GAMESTOP CORP NEW CL A COM STK COMMON STOCK 36467W109 1157 25000 SH SOLE 0102 20345 4655 0 D GLATFELTER COM STK COMMON STOCK 377316104 23984 1770057 SH SOLE 0102 1445976 324081 0 D HANOVER COMPRESSOR C O COM STK COMMON STOCK 410768105 41178 2260051 SH SOLE 0102 1835718 424333 0 D HARMONIC INC COM STK COMMON STOCK 413160102 280 38018 SH SOLE 0102 36464 1554 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 35726 3451757 SH SOLE 0102 2813485 638272 0 D HEWLETT-PACKARD CO COM STK COMMON STOCK 428236103 33021 900005 SH SOLE 0102 729733 170272 0 D HUNT J B TRANS SVCS INC COM ST COMMON STOCK 445658107 12981 625000 SH SOLE 0102 508573 116427 0 D IMCLONE SYS INC COM STK OPTIONS - PUTS 99O941ZP8 2266 80000 SH PUT SOLE 0102 64600 15400 0 D IMPAC MORTGAGE HOLDI NGS INC C REITS/RICS 45254P102 18741 2000054 SH SOLE 0102 1614314 385740 0 D INPHONIC INC COM COMMON STOCK 45772G105 17663 2230221 SH SOLE 0102 1797223 432998 0 D INTERNATIONAL COAL G ROUP INC COMMON STOCK 45928H106 22198 5260161 SH SOLE 0102 4286211 973950 0 D ISIS PHARMACEUTICALS CALIF CO COMMON STOCK 464330109 16896 2353228 SH SOLE 0102 1900625 452603 0 D KOHLS CORP COM STK COMMON STOCK 500255104 9738 150000 SH SOLE 0102 121062 28938 0 D KOPPERS HLDGS INC COM STK COMMON STOCK 50060P106 15405 812071 SH SOLE 0102 669548 142523 0 D LEAPFROG ENTERPRISES INC CL A COMMON STOCK 52186N106 2748 346488 SH SOLE 0102 296852 49636 0 D LENNAR CORP CL A COM STK COMMON STOCK 526057104 5883 130003 SH SOLE 0102 104929 25074 0 D LIBERTY GLOBAL INC COM STK COMMON STOCK 530555101 25173 977959 SH SOLE 0102 788642 189317 0 D LIBERTY GLOBAL INC COM STK COMMON STOCK 530555309 16363 652938 SH SOLE 0102 526400 126538 0 D LIBERTY MEDIA HLDG C ORP COM S COMMON STOCK 53071M104 27605 1354521 SH SOLE 0102 1092314 262207 0 D LIBERTY MEDIA HLDG C ORP COM S COMMON STOCK 53071M302 17342 207520 SH SOLE 0102 167349 40171 0 D M D C HLDGS INC MEDI UM TERM S COMMON STOCK 552676108 5110 110002 SH SOLE 0102 89165 20837 0 D MARVEL ENTMT INC COM STK COMMON STOCK 57383T103 241 10000 SH SOLE 0102 10000 0 0 D MASTEC INC COM STK COMMON STOCK 576323109 8579 775000 SH SOLE 0102 629130 145870 0 D MEMC ELECTRONIC MATE RIALS INC COMMON STOCK 552715104 676 18457 SH SOLE 0102 18149 308 0 D MENTOR GRAPHICS CORP COM STK COMMON STOCK 587200106 9559 678937 SH SOLE 0102 556780 122157 0 D ML BIOTECH HLDG US ETFS OPTIONS - CALLS 99O95L055 36711 198600 SH CALL SOLE 0102 161500 37100 0 D ML BIOTECH HLDG US ETFS OPTIONS - CALLS 99O960J68 36711 198600 SH CALL SOLE 0102 161500 37100 0 D NDS GROUP PLC ADR ADRS STOCKS 628891103 11214 255266 SH SOLE 0102 205854 49412 0 D NET 1 UEPS TECHNOLOG IES INC C COMMON STOCK 64107N206 14951 654020 SH SOLE 0102 527440 126580 0 D NEUROCRINE BIOSCIENC ES INC CO OPTIONS - PUTS 99O96L153 2668 248200 SH PUT SOLE 0102 201900 46300 0 D NEUROCRINE BIOSCIENC ES INC CO OPTIONS - PUTS 99O96L195 2668 248200 SH PUT SOLE 0102 201900 46300 0 D NEWS CORP CL A COM STK COMMON STOCK 65248E104 12379 629992 SH SOLE 0102 508058 121934 0 D NOKIA CORP ADR ADRS STOCKS 654902204 29680 1507367 SH SOLE 0102 1215648 291719 0 D NORDSTROM INC COM COMMON STOCK 655664100 4230 100000 SH SOLE 0102 80710 19290 0 D NORTEL NETWORKS CORP COM STK ( COMMON STOCK 656568102 11270 4900020 SH SOLE 0102 4032057 867963 0 D NTL INC NEW COM COMMON STOCK 62941W101 29542 1161683 SH SOLE 0102 936838 224845 0 D NVIDIA CORP COM STK COMMON STOCK 67066G104 768 25967 SH SOLE 0102 25464 503 0 D OMNIVISION TECHNOLOG IES INC C COMMON STOCK 682128103 960 67300 SH SOLE 0102 67300 0 0 D PENN VA CORP COM STK COMMON STOCK 707882106 19271 303907 SH SOLE 0102 247618 56289 0 D PETROHAWK ENERGY COR P COM STK COMMON STOCK 716495106 23921 2300072 SH SOLE 0102 1856489 443583 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 28579 666014 SH SOLE 0102 541807 124207 0 D PURE CYCLE CORP COM STK COMMON STOCK 746228303 5402 750266 SH SOLE 0102 614597 135669 0 D QC HOLDING COMMON STOCK 74729T101 18074 1514993 SH SOLE 0102 1222359 292634 0 D QUANTA CAP HLDGS LTD COMMON STOCK G7313F106 1527 829927 SH SOLE 0102 666513 163414 0 D RTI INTL METALS INC COM STK COMMON STOCK 74973W107 4361 100067 SH SOLE 0102 80695 19372 0 D S1 CORP COM STK COMMON STOCK 78463B101 15213 3300000 SH SOLE 0102 2673575 626425 0 D SILICON IMAGE INC COM STK COMMON STOCK 82705T102 893 70200 SH SOLE 0102 70200 0 0 D SILICON STORAGE TECH NOLOGY IN COMMON STOCK 827057100 13316 3232062 SH SOLE 0102 2642811 589251 0 D SONY CORP AMERN SH NEWADR ADRS STOCKS 835699307 21148 523990 SH SOLE 0102 430939 93051 0 D SUN MICROSYSTEMS INC COM STK COMMON STOCK 866810104 901 182000 SH SOLE 0102 182000 0 0 D TELIK INC COM STK OPTIONS - CALLS 99O95TPR3 3332 187300 SH CALL SOLE 0102 151800 35500 0 D TELIK INC COM STK OPTIONS - PUTS 99O95TQ35 5399 303500 SH PUT SOLE 0102 245600 57900 0 D TEXAS ROADHOUSE COMMON STOCK 882681109 2456 200000 SH SOLE 0102 161415 38585 0 D THQ INC COM STK COMMON STOCK 872443403 4376 150000 SH SOLE 0102 121061 28939 0 D TIBCO SOFTWARE INC COM STK COMMON STOCK 88632Q103 603 67118 SH SOLE 0102 62216 4902 0 D TIVO INC COM STK OPTIONS - CALLS 99ABZP715 380 50000 SH CALL SOLE 0102 40600 9400 0 D TIVO INC COM STK OPTIONS - CALLS 99ABZPPZ0 380 50000 SH CALL SOLE 0102 40600 9400 0 D TRANSDIGM GROUP INC COM STK COMMON STOCK 893641100 1813 74224 SH SOLE 0102 59999 14225 0 D UAL CORP COM STK COMMON STOCK 902549807 1993 75000 SH SOLE 0102 60530 14470 0 D UNITED WESTN BANCORP COM STK COMMON STOCK 913201109 4232 198890 SH SOLE 0102 160085 38805 0 D VIASYS HEALTHCARE IN C COM STK COMMON STOCK 92553Q209 28180 1034520 SH SOLE 0102 835441 199079 0 D VISHAY INTERTECHNLGY INC COMMON STOCK 928298108 16210 1154531 SH SOLE 0102 931081 223450 0 D WACHOVIA CORP COM STK COMMON STOCK 929903102 2443 43783 SH SOLE 0102 34753 9030 0 D WEATHERFORD INTERNAT IONAL LTD COMMON STOCK G95089101 626 15000 SH SOLE 0102 15000 0 0 S REPORT SUMMARY 98 DATA RECORDS 1134449 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED