13F-HR 1 CUMBERLANDASSOCIATES0611.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, 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: 767 Third Avenue 39th Floor New York, NY 10017 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 August 8, 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: 28 Form 13F Information Table Value Total: 207943 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 COMMON STOCK 032511107 9595 125000 SH SOLE 0102 116738 8282 0 D APPLE INC COM STK COMMON STOCK 037833100 9907 29513 SH SOLE 0102 27562 1951 0 D CARDIONET INC COMMON STOCK 14159L103 3974 748400 SH SOLE 0102 698925 49475 0 D CISCO SYSTEMS INC COM STK COMMON STOCK 17275R102 5463 350000 SH SOLE 0102 326855 23145 0 D COMCAST CORP CL A COM STK COMMON STOCK 20030N101 12670 500000 SH SOLE 0102 466948 33052 0 D CYPRESS SHARPRIDGE I NVTS INC REITS/RICS 23281A307 1922 150000 SH SOLE 0102 140074 9926 0 D DOLLAR THRIFTY AUTOM OTIVE GR COMMON STOCK 256743105 1902 25800 SH SOLE 0102 24109 1691 0 D GENERAL MOTORS COMMON STOCK 37045V100 15370 506258 SH SOLE 0102 472674 33584 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 19169 1737874 SH SOLE 0102 1622968 114906 0 D HERTZ GLOBAL HOLDING COMMON STOCK 42805T105 5558 350000 SH SOLE 0102 326867 23133 0 D HEWLETT-PACKARD CO COM STK COMMON STOCK 428236103 18896 519131 SH SOLE 0102 484708 34423 0 D ITT CORP COM STK COMMON STOCK 450911102 413 7000 SH SOLE 0102 6536 464 0 D LAS VEGAS SANDS CORP COM STK COMMON STOCK 517834107 2111 50000 SH SOLE 0102 46695 3305 0 D LIBERTY GLOBAL INC CL-A COM ST COMMON STOCK 530555101 1126 25000 SH SOLE 0102 23349 1651 0 D LIBERTY MEDIA CORP CAP SER A COMMON STOCK 53071M302 23023 268495 SH SOLE 0102 251032 17463 0 D LIBERTY MEDIA CORP C INTER A COMMON STOCK 53071M104 10827 645609 SH SOLE 0102 602882 42727 0 D LIBERTY MEDIA-STARZ SER A COMMON STOCK 53071M708 10206 135640 SH SOLE 0102 126646 8994 0 D MAGNUM HUNTER RESOURCES CORP COMMON STOCK 55973B102 3684 545000 SH SOLE 0102 508953 36047 0 D MICROSOFT CORP COM STK COMMON STOCK 594918104 5200 200000 SH SOLE 0102 186778 13222 0 D OCCIDENTAL PETE CORP COMMON STOCK 674599105 16386 157495 SH SOLE 0102 147043 10452 0 D PAETEC HLDG COM STK COMMON STOCK 695459107 48 10000 SH SOLE 0102 9338 662 0 D TARGET CORP COM STK COMMON STOCK 87612E106 3518 75000 SH SOLE 0102 70042 4958 0 D TRANSATLANTIC PETE C ORP COM S COMMON STOCK G89982105 3039 1787900 SH SOLE 0102 1669450 118450 0 D TRIANGLE PETE CORP COM STK COMMON STOCK 89600B201 5600 866859 SH SOLE 0102 809474 57385 0 D UNITED CONTINENTAL HOLDINGS INCCOMMON STOCK 910047109 2829 125000 SH SOLE 0102 116738 8262 0 D VIACOM INC CL B COM STK COMMON STOCK 92553P201 10220 200388 SH SOLE 0102 187121 13267 0 D VITACOST.COM INC COMMON STOCK 92847A200 775 160200 SH SOLE 0102 149451 10749 0 D YAHOO INC COM STK OPTIONS-CALLS 990D55Q38 4512 300000 SH CALL SOLE 0102 280100 19900 0 S REPORT SUMMARY 28 DATA RECORDS 207943 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED