13F-HR 1 cumberlandassociates0309.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: March 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: 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 April 13, 2009 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: 42 Form 13F Information Table Value Total: 242846 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 AMD SER B SR UNS CONV 6% CONVRT BONDS 007903AL1 3825 10000000 SH SOLE 0102 9285000 715000 0 D AMERICAN EAGLE OUTFI TTERS INC COMMON STOCK 02553E106 1530 125000 SH SOLE 0102 117004 7996 0 D ARCH CAPITAL GROUP L TD BERMU COMMON STOCK G0450A105 4255 79000 SH SOLE 0102 73958 5042 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 2967 435000 SH SOLE 0102 407250 27750 0 D BEBE STORES INC COM STK COMMON STOCK 075571109 100 15000 SH SOLE 0102 14043 957 0 D BRINKER INTL INC COM STK COMMON STOCK 109641100 378 25000 SH SOLE 0102 23404 1596 0 D BROCADE COMMUNICATIO NS SYSTEM COMMON STOCK 111621306 13156 3813410 SH SOLE 0102 3569587 243823 0 D BWAY HOLDING COMPANY COMMON STOCK 12429T104 7298 925000 SH SOLE 0102 865948 59052 0 D CARDIONET INC COMMON STOCK 14159L103 6314 225000 SH SOLE 0102 210643 14357 0 D CASH AMERICA INTERNA TIONAL IN COMMON STOCK 14754D100 4463 285000 SH SOLE 0102 266806 18194 0 D CENTRAL EUROPEAN MED IA ENTERP COMMON STOCK G20045202 2865 250000 SH SOLE 0102 234034 15966 0 D CENTURY ALUMINUM SER B SR UNS CONVRT BONDS 156431AE8 4450 10000000 SH SOLE 0102 9362000 638000 0 D CHEESECAKE FACTORY I NC COM ST COMMON STOCK 163072101 744 65000 SH SOLE 0102 60845 4155 0 D CHORDIANT SFTWR COM STK COMMON STOCK 170404305 5851 1930946 SH SOLE 0102 1852264 78682 0 D CIT GROUP INC NEW COM STK COMMON STOCK 125581108 11542 4050000 SH SOLE 0102 3791638 258362 0 D DEAN FOODS CO NEW COMMON STOCK 242370104 452 25000 SH SOLE 0102 23404 1596 0 D DYNEGY INC DEL CL A COM STK COMMON STOCK 26817G102 5217 3700000 SH SOLE 0102 3463794 236206 0 D EXTERRAN HOLDINGS IN C COMMON STOCK 30225X103 5126 320000 SH SOLE 0102 299571 20429 0 D FLEXTRONICS INTERNAT IONAL LTD COMMON STOCK Y2573F102 10957 3791432 SH SOLE 0102 3549449 241983 0 D FLOWSERVE CORP COM STK COMMON STOCK 34354P105 3367 60000 SH SOLE 0102 56173 3827 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 9695 2860000 SH SOLE 0102 2677419 182581 0 D HEWLETT-PACKARD CO COM STK COMMON STOCK 428236103 9542 297624 SH SOLE 0102 278594 19030 0 D ISIS PHARMACEUTICALS CALIF CO COMMON STOCK 464330109 10507 700000 SH SOLE 0102 655312 44688 0 D JACK IN THE BOX COM STK COMMON STOCK 466367109 699 30000 SH SOLE 0102 28087 1913 0 D KOPPERS HLDGS INC COM STK COMMON STOCK 50060P106 7115 490000 SH SOLE 0102 458719 31281 0 D LANDSTAR SYSTEMS INC COM STK COMMON STOCK 515098101 1673 50000 SH SOLE 0102 46808 3192 0 D LBRTY MD SR A COMMON STOCK 53071M500 29625 1484961 SH SOLE 0102 1390433 94528 0 D LIBERTY MEDIA HLDG C ORP COM S COMMON STOCK 53071M302 3434 492000 SH SOLE 0102 460615 31385 0 D LOGITECH INTERNATION AL SA AP COMMON STOCK H50430232 1340 130320 SH SOLE 0102 121987 8333 0 D LOWES COS INC COM STK COMMON STOCK 548661107 1369 75000 SH SOLE 0102 70213 4787 0 D MAIDEN HLDGS LTD COMMON STOCK G5753U112 7800 1745000 SH SOLE 0102 1544125 200875 0 D MICROSOFT CORP COM STK COMMON STOCK 594918104 16984 924555 SH SOLE 0102 865541 59014 0 D NET 1 UEPS TECHNOLOG IES INC C COMMON STOCK 64107N206 7905 519747 SH SOLE 0102 490256 29491 0 D PETSMART INC COM STK COMMON STOCK 716768106 4154 198177 SH SOLE 0102 185512 12665 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 13353 775000 SH SOLE 0102 725562 49438 0 D RELIANCE STEEL & ALUMINUM CO COMMON STOCK 759509102 5266 200000 SH SOLE 0102 187242 12758 0 D RESEARCH IN MOTION LTD COMMON STOCK 760975102 5389 125000 SH SOLE 0102 117011 7989 0 D SEQUENOM INC COMMON STOCK 817337405 3711 261000 SH SOLE 0102 244338 16662 0 D SILICON MOTION INC ADR ADRS STOCKS 82706C108 984 354056 SH SOLE 0102 331412 22644 0 D TEXAS ROADHOUSE COMMON STOCK 882681109 477 50000 SH SOLE 0102 46803 3197 0 D THE RYLAND GROUP INC COM STK COMMON STOCK 783764103 5664 340000 SH SOLE 0102 318295 21705 0 D WAL-MART STORES INC COM STK COMMON STOCK 931142103 1303 25000 SH SOLE 0102 23404 1596 0 S REPORT SUMMARY 42 DATA RECORDS 242846 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED