13F-HR 1 cumberlandassociates0910.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 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 October 22, 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: 41 Form 13F Information Table Value Total: 371129 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 11242 1038990 SH SOLE 0102 982102 56888 0 D ADOBE SYS INC COM STK COMMON STOCK 00724F101 5230 200000 SH SOLE 0102 189015 10985 0 D ADVANCED MICRO DEVIC ES INC CO COMMON STOCK 007903107 712 100200 SH SOLE 0102 94654 5546 0 D AMTRUST FINL SVCS IN C COM STK COMMON STOCK 032359309 1742 120000 SH SOLE 0102 113415 6585 0 D ANADARKO PETE CORP COM STK COMMON STOCK 032511107 15327 268667 SH SOLE 0102 253922 14745 0 D ANADARKO PETE CORP COM STK OPTIONS - CALLS 0325113AN 7417 130000 SH CALL SOLE 0102 121300 8700 0 D ANADARKO PETE CORP COM STK OPTIONS - CALLS 99O9JTQ22 7417 130000 SH CALL SOLE 0102 121300 8700 0 D APPLE INC COM STK COMMON STOCK 037833100 19355 68213 SH SOLE 0102 64469 3744 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 2621 200000 SH SOLE 0102 188999 11001 0 D BERRY PETE CO CL A COM STK COMMON STOCK 085789105 6378 201000 SH SOLE 0102 190109 10891 0 D CARDIONET INC COMMON STOCK 14159L103 8023 1779000 SH SOLE 0102 1680974 98026 0 D CELLU TISSUE HLDGS I NC COM ST COMMON STOCK 151169109 7953 666647 SH SOLE 0102 630059 36588 0 D COMSTOCK RES INC COM STK COMMON STOCK 205768203 16249 722500 SH SOLE 0102 682814 39686 0 D DG FAST CHANNEL INC COM COMMON STOCK 23326R109 2175 100000 SH SOLE 0102 94488 5512 0 D E TRADE FINL CORP COM STK COMMON STOCK 269246401 13960 958118 SH SOLE 0102 905667 52451 0 D ELECTRONIC ARTS INC COM STK COMMON STOCK 285512109 9514 578431 SH SOLE 0102 546725 31706 0 D EXXON MOBIL CORP COM STK COMMON STOCK 30231G102 10463 169325 SH SOLE 0102 160008 9317 0 D GEOPETRO COMPANY COM STK COMMON STOCK 37248H304 89 185000 SH SOLE 0102 185000 0 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 13299 1276323 SH SOLE 0102 1205984 70339 0 D HEWLETT-PACKARD CO COM STK COMMON STOCK 428236103 25985 617663 SH SOLE 0102 583795 33868 0 D INTEL CORP COM STK COMMON STOCK 458140100 1440 75000 SH SOLE 0102 70883 4117 0 D ISHARES RUSSELL 2000 OPTIONS - PUTS 99OCHYBT3 4050 60000 SH PUT SOLE 0102 56700 3300 0 D LIBERTY MEDIA CORP CAP SER A COMMON STOCK 53071M302 20043 384995 SH SOLE 0102 363862 21133 0 D LIBERTY MEDIA CORP C INTER A COMMON STOCK 53071M104 16241 1184609 SH SOLE 0102 1119387 65222 0 D LIBERTY MEDIA-STARZ SER A COMMON STOCK 53071M708 13657 210340 SH SOLE 0102 198837 11503 0 D MAIDEN HLDGS LTD COMMON STOCK G5753U112 4794 630000 SH SOLE 0102 595272 34728 0 D OCCIDENTAL PETE CORP COMMON STOCK 674599105 18744 239385 SH SOLE 0102 226300 13085 0 D ON SEMICONDUCTOR COR P / SEMI COMMON STOCK 682189105 15650 2170657 SH SOLE 0102 2051936 118721 0 D ORACLE CORP COM STK COMMON STOCK 68389X105 10498 390998 SH SOLE 0102 369581 21417 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 13548 508000 SH SOLE 0102 480256 27744 0 D SANDRIDGE ENERGY INC COM STK COMMON STOCK 80007P307 1846 325000 SH SOLE 0102 307085 17915 0 D SENSATA TECHNOLOGIES HOLDINGS COMMON STOCK N7902X106 790 40000 SH SOLE 0102 37805 2195 0 D SPDR S&P 500 ETF TRUST OPTIONS - PUTS 99OCQVFQ1 11413 100000 SH PUT SOLE 0102 94500 5500 0 D SPDR S&P 500 ETF TRUST OPTIONS - PUTS 99OCSM8G9 4565 40000 SH PUT SOLE 0102 37800 2200 0 D SPREADTRUM COMMUNICA TION SPO ADRS STOCKS 849415203 6819 565396 SH SOLE 0102 534279 31117 0 D SYMANTEC CORP COM STK COMMON STOCK 871503108 17157 1133988 SH SOLE 0102 1071963 62025 0 D SYNAPTICS INC COM STK COMMON STOCK 87157D109 1879 66774 SH SOLE 0102 63122 3652 0 D TRANSATLANTIC PETE C ORP COM S COMMON STOCK G89982105 10079 3405000 SH SOLE 0102 3217527 187473 0 D ULTRASHORT QQQ PROSHARES US ETF'S - US TR 74347R875 492 33544 SH SOLE 0102 31700 1844 0 D VIACOM INC CL B COM STK COMMON STOCK 92553P201 11070 305888 SH SOLE 0102 289162 16726 0 D VITACOST.COM INC COMMON STOCK 92847A200 1203 200108 SH SOLE 0102 186659 13449 0 S REPORT SUMMARY 41 DATA RECORDS 371129 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED