0000351262-11-000003.txt : 20110505 0000351262-11-000003.hdr.sgml : 20110505 20110505125326 ACCESSION NUMBER: 0000351262-11-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110505 DATE AS OF CHANGE: 20110505 EFFECTIVENESS DATE: 20110505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CUMBERLAND ASSOCIATES LLC CENTRAL INDEX KEY: 0000351262 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01010 FILM NUMBER: 11813596 BUSINESS ADDRESS: STREET 1: 767 THIRD AVENUE STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125750900 MAIL ADDRESS: STREET 1: 767 THIRD AVENUE STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 13F-HR 1 CUMBERLANDASSOCIATES311.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, 2011 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 18, 2011 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: 35 Form 13F Information Table Value Total: 339998 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 ANADARKO PETE CORP COM STK OPTIONS - CALLS 0325113AN 3031 37000 SH CALL SOLE 0102 34400 2600 0 D ANADARKO PETE CORP COM STK OPTIONS - CALLS 99O9JTQ22 3031 37000 SH CALL SOLE 0102 34400 2600 0 D APPLE INC COM STK COMMON STOCK 037833100 24226 69513 SH SOLE 0102 64905 4608 0 D BROCADE COMMUNICATIO NS SYSTEM COMMON STOCK 111621306 14456 2350500 SH SOLE 0102 2194709 155791 0 D CAMECO CORP CAD COM COMMON STOCK 13321L108 3004 100000 SH SOLE 0102 93372 6628 0 D CARDIONET INC COMMON STOCK 14159L103 4790 1000000 SH SOLE 0102 933475 66525 0 D CISCO SYSTEMS INC COM STK COMMON STOCK 17275R102 12691 740000 SH SOLE 0102 690817 49183 0 D CYPRESS SHARPRIDGE I NVTS INC REITS/RICS 23281A307 9510 750000 SH SOLE 0102 700082 49918 0 D DOLLAR THRIFTY AUTOM OTIVE GR COMMON STOCK 256743105 3850 57700 SH SOLE 0102 53859 3841 0 D EXXON MOBIL CORP COM STK COMMON STOCK 30231G102 1683 20000 SH SOLE 0102 18676 1324 0 D FINANCIAL SELECT SEC TOR SPDR US ETF'S - US TR 81369Y605 6228 380000 SH SOLE 0102 354816 25184 0 D GENERAL MOTORS COMMON STOCK 37045V100 9961 321000 SH SOLE 0102 299631 21369 0 D GOOGLE INC CL A COM STK COMMON STOCK 38259P508 8801 15000 SH SOLE 0102 14001 999 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 25038 1642901 SH SOLE 0102 1533384 109517 0 D HARVEST NATURAL RESO URCES INC OPTIONS - CALLS 99OCXTF47 3810 250000 SH CALL SOLE 0102 233400 16600 0 D HARVEST NATURAL RESO URCES INC OPTIONS - CALLS 99OD3W393 8230 540000 SH CALL SOLE 0102 504200 35800 0 D HEWLETT-PACKARD CO COM STK COMMON STOCK 428236103 25366 619131 SH SOLE 0102 577916 41215 0 D INTEL CORP COM STK COMMON STOCK 458140100 10090 500000 SH SOLE 0102 465884 34116 0 D LIBERTY MEDIA CORP CAP SER A COMMON STOCK 53071M302 19780 268495 SH SOLE 0102 251032 17463 0 D LIBERTY MEDIA CORP C INTER A COMMON STOCK 53071M104 17894 1115609 SH SOLE 0102 1041404 74205 0 D LIBERTY MEDIA-STARZ SER A COMMON STOCK 53071M708 11690 150640 SH SOLE 0102 140494 10146 0 D LIVE NATION INC COM STK COMMON STOCK 538034109 2500 250000 SH SOLE 0102 233431 16569 0 D MAGNUM HUNTER RESOUR CES CORP COMMON STOCK 55973B102 2100 245000 SH SOLE 0102 228736 16264 0 D OCCIDENTAL PETE CORP COMMON STOCK 674599105 15412 147495 SH SOLE 0102 137674 9821 0 D ON SEMICONDUCTOR COR P / SEMI COMMON STOCK 682189105 8739 886331 SH SOLE 0102 827361 58970 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 4485 123800 SH SOLE 0102 115565 8235 0 D SPDR S&P MIDCAP 400 ETUTSER1 S OPTIONS - PUTS 99AMVK1X2 31421 175000 SH PUT SOLE 0102 163100 11900 0 D SYMANTEC CORP COM STK COMMON STOCK 871503108 6203 334565 SH SOLE 0102 306838 27727 0 D SYNAPTICS INC COM STK COMMON STOCK 87157D109 2027 75000 SH SOLE 0102 70006 4994 0 D TARGET CORP COM STK COMMON STOCK 87612E106 5001 100000 SH SOLE 0102 93369 6631 0 D TRANSATLANTIC PETE C ORP COM S COMMON STOCK G89982105 5077 1637900 SH SOLE 0102 1529310 108590 0 D TRIANGLE PETE CORP COM STK COMMON STOCK 89600B201 6946 836859 SH SOLE 0102 781247 55612 0 D VIACOM INC CL B COM STK COMMON STOCK 92553P201 16533 355388 SH SOLE 0102 331697 23691 0 D VITACOST.COM INC COMMON STOCK 92847A200 255 160200 SH SOLE 0102 149451 10749 0 D Visteon Corporation COMMON STO COMMON STOCK 92839U206 6139 98235 SH SOLE 0102 91701 6534 0 S REPORT SUMMARY 35 DATA RECORDS 339998 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED