13F-HR 1 cumberland.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 29, 2001 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: 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: Phone: Signature, Place and Date of Signing: GARY TYNES July 26, 2001 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: 79 Form 13F Information Table Value Total: 732728 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 ADELPHIA COMMUNICATIONS CORP COMMON STOCK 006848105 9225 225000 SH SOLE 0102 204115 20885 0 D ADVANCED LIGHTING TECHNOLOGIES COMMON STOCK 00753C102 462 105000 SH SOLE 0102 95350 9650 0 D AGERE SYSTEMS COMMON STOCK 00845V100 7300 1000000 SH SOLE 0102 908330 91670 0 D ALLIED WASTE INDS INC COMMON STOCK 019589308 7005 375000 SH SOLE 0102 340180 34820 0 D ALLTEL CORP COM COMMON STOCK 020039103 21086 344200 SH SOLE 0102 312782 31418 0 D AMYLIN PHARMACEUTICALS INC OPTIONS - CALLS 0323461HC 1406 125000 SH CALL SOLE 0102 113600 11400 0 D ANTEC CORP COM COMMON STOCK 03664P105 7440 600000 SH SOLE 0102 544280 55720 0 D APPLE COMPUTER INC COM COMMON STOCK 037833100 30225 1300000 SH SOLE 0102 1180825 119175 0 D APPLE COMPUTER INC COM OPTIONS - CALLS 0378330GE 6975 300000 SH CALL SOLE 0102 272300 27700 0 D ARIBA INC COM COMMON STOCK 04033V104 4400 800000 SH SOLE 0102 725450 74550 0 D AXYS PHARMACEUTICALS INC COMMON STOCK 054635107 331 78886 SH SOLE 0102 72243 6643 0 D BENTON OIL & GAS CO COM COMMON STOCK 083288100 5346 3300000 SH SOLE 0102 2995632 304368 0 D BMC SOFTWARE INC USD COM OPTIONS - PUTS 055921HSE 10143 450000 SH PUT SOLE 0102 408200 41800 0 D BRIO TECHNOLOGY INC COM STK COMMON STOCK 109704106 5464 748500 SH SOLE 0102 679902 68598 0 D BRUNSWICK CORP COM COMMON STOCK 117043109 9732 405000 SH SOLE 0102 368025 36975 0 D C COR. NET CORPORATION COMMON STOCK 125010108 5220 435000 SH SOLE 0102 394498 40502 0 D CARNIVAL CORP COM STK COMMON STOCK 143658102 7675 250000 SH SOLE 0102 227090 22910 0 D CHARLES SCHWAB CORP COM COMMON STOCK 808513105 12600 800000 SH SOLE 0102 726960 73040 0 D CHESAPEAKE ENERGY CORP COM COMMON STOCK 165167107 9520 1400000 SH SOLE 0102 1269570 130430 0 D CIRCUIT CITY STORES- CIRCUIT C COMMON STOCK 172737108 10800 600000 SH SOLE 0102 544280 55720 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 8917 740000 SH SOLE 0102 671070 68930 0 D COMCAST CORP CL A SPECIAL COMMON STOCK 200300200 15190 350000 SH SOLE 0102 317930 32070 0 D COMPUTER ASSOC INTL INC COM COMMON STOCK 204912109 9756 271000 SH SOLE 0102 245755 25245 0 D COMPUWARE CORP COM COMMON STOCK 205638109 1399 100000 SH SOLE 0102 90680 9320 0 D CONSECO INC COM COMMON STOCK 208464107 15235 1100000 SH SOLE 0102 997550 102450 0 D CREDENCE SYS CORP COM COMMON STOCK 225302108 3636 150000 SH SOLE 0102 136310 13690 0 D DAL-TILE INTL INC COM COMMON STOCK 23426R108 19477 1050000 SH SOLE 0102 952492 97508 0 D EARTHLINK INC COM STK COMMON STOCK 270321102 11280 800000 SH SOLE 0102 725500 74500 0 D EMCOR GROUP INC COM COMMON STOCK 29084Q100 7877 217900 SH SOLE 0102 197597 20303 0 D FIRST UNION CORP COM COMMON STOCK 337358105 17470 500000 SH SOLE 0102 454355 45645 0 D FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 11835 300000 SH SOLE 0102 272604 27396 0 D FRIENDLY ICE CREAM CORP COM COMMON STOCK 358497105 572 248500 SH SOLE 0102 231570 16930 0 D FX ENERGY INC COM COMMON STOCK 302695101 828 284555 SH SOLE 0102 243519 41036 0 D GATEWAY INC COM COMMON STOCK 367626108 13571 825000 SH SOLE 0102 748375 76625 0 D HYPERCOM CORP COM COMMON STOCK 44913M105 1536 320000 SH SOLE 0102 290209 29791 0 D INFONET SERVICES CORPORATION COMMON STOCK 45666T106 11178 1315000 SH SOLE 0102 1193347 121653 0 D INFORMIX CORP COM COMMON STOCK 456779107 12556 2150000 SH SOLE 0102 1953710 196290 0 D J.P. MORGAN CHASE & CO COM COMMON STOCK 46625H100 11150 250000 SH SOLE 0102 226722 23278 0 D KULICKE & SOFFA INDS INC COM COMMON STOCK 501242101 7722 450000 SH SOLE 0102 408900 41100 0 D LENDINGTREE INC COMMON STOCK 52602Q105 3615 567500 SH SOLE 0102 514725 52775 0 D LUCENT TECHNOLOGIES INC COM OPTIONS - CALLS 5494634JU 6210 1000000 SH CALL SOLE 0102 907000 93000 0 D MATTEL INC COM COMMON STOCK 577081102 15514 820000 SH SOLE 0102 745138 74862 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P100 1015 1268892 SH SOLE 0102 1163192 105700 0 D MILLICOM INTL CELLULAR S A COM COMMON STOCK L6388F102 21280 847800 SH SOLE 0102 770290 77510 0 D NATIONAL SEMICONDUCT OR CORP U COMMON STOCK 637640103 4368 150000 SH SOLE 0102 136060 13940 0 D NETWORK ASSOCIATES INC COM COMMON STOCK 640938106 21788 1750000 SH SOLE 0102 1586992 163008 0 D NETWORK ASSOCIATES INC COM OPTIONS - CALLS 640938EGB 2247 180500 SH CALL SOLE 0102 164100 16400 0 D NETWORK ASSOCIATES INC COM OPTIONS - CALLS 640938EGV 4980 400000 SH CALL SOLE 0102 362900 37100 0 D NOVELL INC COM COMMON STOCK 670006105 285 50000 SH SOLE 0102 45350 4650 0 D OCCIDENTAL PETE CORP COM COMMON STOCK 674599105 17151 645000 SH SOLE 0102 584880 60120 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 8823 850000 SH SOLE 0102 770830 79170 0 D OPINION RESH CORP COM COMMON STOCK 683755102 1739 285000 SH SOLE 0102 258458 26542 0 D PALM INC COM STK COMMON STOCK 696642107 9105 1500000 SH SOLE 0102 1360312 139688 0 D PASIFIK SATELIT NUSANTARA ADR ADRS STOCKS 69365Q106 436 650000 SH SOLE 0102 590415 59585 0 D PHARMACEUTICAL RESOURCES INC COMMON STOCK 717125108 12276 400000 SH SOLE 0102 363452 36548 0 D POLYMEDICA CORP COM COMMON STOCK 731738100 2633 65000 SH SOLE 0102 58945 6055 0 D PRIME HOSPITALITY CORP COMMON STOCK 741917108 7821 660000 SH SOLE 0102 598534 61466 0 D PYR ENERGY CORP COM STK COMMON STOCK 693677106 1243 175000 SH SOLE 0102 158750 16250 0 D QUIDEL CORP USD.001 COM COMMON STOCK 74838J101 5693 1235000 SH SOLE 0102 1122088 112912 0 D QUINTILES TRANSNATIONAL CORP COMMON STOCK 748767100 19253 762500 SH SOLE 0102 691640 70860 0 D REPUBLIC SERVICES INC COM COMMON STOCK 760759100 11414 575000 SH SOLE 0102 522260 52740 0 D RESORTQUEST INTL INC COM STK COMMON STOCK 761183102 7066 614400 SH SOLE 0102 557140 57260 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 16520 1180000 SH SOLE 0102 1070120 109880 0 D SANTA FE INTL CORP USD.01 COM COMMON STOCK G7805C108 7017 235000 SH SOLE 0102 213545 21455 0 D SCHERING PLOUGH CORP USD1 COM COMMON STOCK 806605101 15583 430000 SH SOLE 0102 389950 40050 0 D SCIENTIFIC-ATLANTA COMMON STOCK 808655104 4060 100000 SH SOLE 0102 90720 9280 0 D SCIOS INC COM COMMON STOCK 808905103 16006 640000 SH SOLE 0102 580388 59612 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 24375 1875000 SH SOLE 0102 1700360 174640 0 D STET HELLAS TELECOM S.A. ADR ADRS STOCKS 859823106 3510 450000 SH SOLE 0102 408780 41220 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 8860 200000 SH SOLE 0102 181377 18623 0 D TARO PHARMACEUTICAL INDS SHS A COMMON STOCK M8737E108 13572 155000 SH SOLE 0102 140638 14362 0 D TOYS R US COMMON STOCK 892335100 7425 300000 SH SOLE 0102 272570 27430 0 D TRANSOCEAN SEDCO FOREX INC COMMON STOCK G90078109 9900 240000 SH SOLE 0102 217695 22305 0 D TRITON ENERGY LTD USD COM COMMON STOCK G90751101 29197 891500 SH SOLE 0102 808484 83016 0 D UNITED PAN-EUROPE CO MM NV SPO ADRS STOCKS 911300200 693 275000 SH SOLE 0102 249800 25200 0 D VULCAN MATERIALS COM COMMON STOCK 929160109 18544 345000 SH SOLE 0102 312905 32095 0 D WASTE MANAGEMENT INC COM STK COMMON STOCK 94106L109 10787 350000 SH SOLE 0102 317930 32070 0 D WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 5760 120000 SH SOLE 0102 109160 10840 0 D WOMEN FIRST HEALTHCA RE INC CO COMMON STOCK 978150100 1424 160000 SH SOLE 0102 145100 14900 0 S REPORT SUMMARY 79 DATA RECORDS 732728 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED