13F-HR 1 cumberlandassociates0610.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, 2010 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 25, 2010 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: 49 Form 13F Information Table Value Total: 297391 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 ACTIVISION BLIZZARD INC COM ST COMMON STOCK 00507V109 12064 1150000 SH SOLE 0102 1071139 78861 0 D ADOBE SYS INC COM STK COMMON STOCK 00724F101 3965 150000 SH SOLE 0102 139702 10298 0 D AMTRUST FINL SVCS IN C COM STK COMMON STOCK 032359309 1445 120000 SH SOLE 0102 111935 8065 0 D ANADARKO PETE CORP COM STK OPTIONS - CALLS 0325113AN 4692 130000 SH CALL SOLE 0102 121300 8700 0 D ANADARKO PETE CORP COM STK OPTIONS - CALLS 99O9JTQ22 4692 130000 SH CALL SOLE 0102 121300 8700 0 D APPLE INC COM STK COMMON STOCK 037833100 23895 95000 SH SOLE 0102 88595 6405 0 D BERRY PETE CO CL A COM STK COMMON STOCK 085789105 6944 270000 SH SOLE 0102 251850 18150 0 D BPZ RESOURCES INC COMMON STOCK 055639108 332 80000 SH SOLE 0102 74622 5378 0 D CARDIONET INC COMMON STOCK 14159L103 8768 1600000 SH SOLE 0102 1492444 107556 0 D CELLU TISSUE HLDGS I NC COM ST COMMON STOCK 151169109 6294 810000 SH SOLE 0102 755570 54430 0 D CHESAPEAKE ENERGY CO RP COM ST COMMON STOCK 165167107 866 41350 SH SOLE 0102 38628 2722 0 D COMSTOCK RES INC COM STK COMMON STOCK 205768203 5683 205000 SH SOLE 0102 191215 13785 0 D E TRADE FINL CORP COM STK COMMON STOCK 269246401 6619 560000 SH SOLE 0102 522356 37644 0 D E*TRADE FINL Exch - A SR UNS C CONVRT BONDS 269246AZ7 5716 5000000 SH SOLE 0102 4654100 345900 0 D ELECTRONIC ARTS INC COM STK COMMON STOCK 285512109 8100 562500 SH SOLE 0102 524667 37833 0 D GEOPETRO COMPANY COM STK COMMON STOCK 37248H304 184 400000 SH SOLE 0102 372537 27463 0 D GOLDMAN SACHS GROUP INC COM ST COMMON STOCK 38141G104 2625 20000 SH SOLE 0102 18656 1344 0 D GOOGLE INC CL A COM STK COMMON STOCK 38259P508 4450 10000 SH SOLE 0102 9328 672 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 8660 1175000 SH SOLE 0102 1096031 78969 0 D HARVEST NATURAL SR UNS CONV 8. CONVRT BONDS 41754VAA1 1453 1000000 SH SOLE 0102 931000 69000 0 D ISIS PHARMACEUTICALS CALIF CO COMMON STOCK 464330109 4307 450000 SH SOLE 0102 419750 30250 0 D JPMORGAN CHASE & CO COM COMMON STOCK 46625H100 1281 35000 SH SOLE 0102 32647 2353 0 D LIBERTY MEDIA CORP CAP SER A COMMON STOCK 53071M302 21374 509995 SH SOLE 0102 475712 34283 0 D LIBERTY MEDIA CORP C INTER A COMMON STOCK 53071M104 9422 897332 SH SOLE 0102 837063 60269 0 D LIBERTY MEDIA-STARZ SER A COMMON STOCK 53071M708 11068 213495 SH SOLE 0102 198837 14658 0 D MAIDEN HLDGS LTD COMMON STOCK G5753U112 7060 1074582 SH SOLE 0102 1002383 72199 0 D MICROSOFT CORP COM STK COMMON STOCK 594918104 19558 850000 SH SOLE 0102 792644 57356 0 D NOKIA CORP ADR ADRS STOCKS 654902204 3668 450000 SH SOLE 0102 419751 30249 0 D NVIDIA CORP COM STK COMMON STOCK 67066G104 1532 150000 SH SOLE 0102 139892 10108 0 D OCCIDENTAL PETE CORP COMMON STOCK 674599105 7021 91000 SH SOLE 0102 84883 6117 0 D ORACLE CORP COM STK COMMON STOCK 68389X105 14486 675000 SH SOLE 0102 629605 45395 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 8656 420000 SH SOLE 0102 391772 28228 0 D PLAINS EXPLORATION & PRODUCTI OPTIONS - CALLS 99AKXPRK3 206 10000 SH CALL SOLE 0102 9300 700 0 D QUALCOMM INC COM STK COMMON STOCK 747525103 4926 150000 SH SOLE 0102 139892 10108 0 D SEAGATE TECHNOLOGY COM STK COMMON STOCK G7945J104 978 75000 SH SOLE 0102 69958 5042 0 D SPDR S&P 500 ETF TRUST OPTIONS - PUTS 99OC88393 4129 40000 SH PUT SOLE 0102 37300 2700 0 D SPREADTRUM COMMUNICA TION SPO ADRS STOCKS 849415203 11408 1384500 SH SOLE 0102 1291441 93059 0 D STONE ENERGY CORP COM STK COMMON STOCK 861642106 1395 125000 SH SOLE 0102 116597 8403 0 D SYMANTEC CORP COM STK COMMON STOCK 871503108 11451 825000 SH SOLE 0102 769236 55764 0 D SYNAPTICS INC COM STK COMMON STOCK 87157D109 963 35000 SH SOLE 0102 32647 2353 0 D TERADYNE INC COM STK COMMON STOCK 880770102 8122 833000 SH SOLE 0102 777006 55994 0 D TRANSATLANTIC PETE C ORP COM S COMMON STOCK G89982105 8147 2570000 SH SOLE 0102 2397239 172761 0 D TRICO MARINE SER B SR UNS GLOB CONVRT BONDS 896106AQ4 4225 26000000 SH SOLE 0102 24252295 1747705 0 D ULTRASHORT QQQ PROSHARES OPTIONS - CALLS 99OCC6CN1 681 34000 SH CALL SOLE 0102 31700 2300 0 D ULTRASHORT QQQ PROSHARES OPTIONS - CALLS 99OCC6CP6 681 34000 SH CALL SOLE 0102 31700 2300 0 D UNITED WESTERN BANCORP COM ST COMMON STOCK 913201109 544 680000 SH SOLE 0102 634299 45701 0 D VIACOM INC CL B COM STK COMMON STOCK 92553P201 9725 310000 SH SOLE 0102 289162 20838 0 D VITACOST.COM INC COMMON STOCK 92847A200 1799 200108 SH SOLE 0102 186659 13449 0 D WESTERN DIGITAL CORP COM STK COMMON STOCK 958102105 1131 37500 SH SOLE 0102 34979 2521 0 S REPORT SUMMARY 49 DATA RECORDS 297391 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED