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: September 30, 2003 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 23, 2003 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: 2 Form 13F Information Table Entry Total: 92 Form 13F Information Table Value Total: 781831 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 ABITIBI-CONSOLIDATED INC CAD COMMON STOCK 003924107 1750 250000 SH SOLE 0102 213876 36124 0 D ADOLOR CORP COM OPTIONS - CALLS 00724X0JC 4395 239500 SH CALL SOLE 0102 209100 30400 0 D ALLEGHENY ENERGY INC COM STK COMMON STOCK 017361106 1143 125000 SH SOLE 0102 106935 18065 0 D ALLIED CAPITAL CORP COM STK OPTIONS - PUTS 01903Q2MD 984 40000 SH PUT SOLE 0102 34700 5300 0 D ALTRIA GROUP INC COMMON STOCK 02209S103 4380 100000 SH SOLE 0102 85548 14452 0 D ANDRX GROUP OPTIONS - CALLS 0345530AE 22129 1185900 SH CALL SOLE 0102 1038900 147000 0 D ARAMARK CORPORATION Cl B COMMON STOCK 038521100 6258 250000 SH SOLE 0102 213208 36792 0 D ASCENTIAL SOFTWARE CORP NEW COMMON STOCK 04362P207 6339 342103 SH SOLE 0102 292129 49974 0 D ASPEN TECHNOLOGY INC COMMON STOCK 045327103 1994 490000 SH SOLE 0102 417961 72039 0 D ASTA FDG INC COM COMMON STOCK 046220109 4418 170000 SH SOLE 0102 145451 24549 0 D AT&T WIRELESS SERVICES INC COMMON STOCK 00209A106 3182 389014 SH SOLE 0102 331747 57267 0 D BEARINGPOINT INC COMMON STOCK 074002106 9839 1232931 SH SOLE 0102 1054842 178089 0 D BERKLEY W R CORP COM COMMON STOCK 084423102 9079 265000 SH SOLE 0102 226731 38269 0 D BMC SOFTWARE INC USD COM COMMON STOCK 055921100 3629 260538 SH SOLE 0102 222376 38162 0 D BUNGE LTD COMMON STOCK G16962105 11792 428816 SH SOLE 0102 366851 61965 0 D CABLEVISION NY GROUP CLASS A COMMON STOCK 12686C109 6080 335917 SH SOLE 0102 287368 48549 0 D CALPINE CORP COM COMMON STOCK 131347106 8313 1700000 SH SOLE 0102 1454331 245669 0 D CENTRAL EUROPEAN MEDIA ENT-A COMMON STOCK G20045202 4888 191145 SH SOLE 0102 163140 28005 0 D CHARLES SCHWAB CORP COM COMMON STOCK 808513105 17865 1500000 SH SOLE 0102 1283282 216718 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 14311 1276671 SH SOLE 0102 1089771 186900 0 D COMPUWARE CORP COM COMMON STOCK 205638109 7331 1367755 SH SOLE 0102 1167408 200347 0 D CONSECO INC COMMON STOCK 208464883 10836 599996 SH SOLE 0102 528306 71690 0 D CORE LABORATORIES NL G0.03 ORD COMMON STOCK N22717107 14050 1000000 SH SOLE 0102 855486 144514 0 D CSG SYSTEMS INTL INC COM COMMON STOCK 126349109 444 30000 SH SOLE 0102 25666 4334 0 D DADE BEHRING HOLDINGS INC COMMON STOCK 23342J206 3955 140000 SH SOLE 0102 119773 20227 0 D DR HORTON INC COM COMMON STOCK 23331A109 5559 170000 SH SOLE 0102 145440 24560 0 D DYNEGY INC CL-A COM STK COMMON STOCK 26816Q101 14400 4000000 SH SOLE 0102 3436041 563959 0 D E TRADE FINANCIAL CORP COMMON STOCK 269246104 17594 1900000 SH SOLE 0102 1625299 274701 0 D EMCOR GROUP INC COM COMMON STOCK 29084Q100 12262 288171 SH SOLE 0102 246525 41646 0 D ENCORE CAPITAL GROUP INC COMMON STOCK 292554102 2925 250000 SH SOLE 0102 213884 36116 0 D ESCO TECHNOLOGIES INC COMMON STOCK 296315104 2264 50000 SH SOLE 0102 42776 7224 0 D FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 17186 570000 SH SOLE 0102 487633 82367 0 D FRONTIER OIL CORP COM STK COMMON STOCK 35914P105 1470 100000 SH SOLE 0102 85244 14756 0 D GAYLORD ENTERTAINMENT CO COMMON STOCK 367905106 7838 319250 SH SOLE 0102 273111 46139 0 D GENERAL ELEC CO COM STK COMMON STOCK 369604103 11179 375000 SH SOLE 0102 319818 55182 0 D GEORGIA GULF CORP NEW COMMON STOCK 373200203 325 13900 SH SOLE 0102 11858 2042 0 D GRANT PRIDE CO COM STK COMMON STOCK 38821G101 11311 1110000 SH SOLE 0102 949562 160438 0 D HALLIBURTON CO COM OPTIONS - CALLS 4062160AD 2697 111200 SH CALL SOLE 0102 96200 15000 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 20889 2110000 SH SOLE 0102 1800916 309084 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 12792 2080000 SH SOLE 0102 1779395 300605 0 D HCA INC COMMON STOCK 404119109 24671 669306 SH SOLE 0102 572142 97164 0 D HOME DEPOT INC COM COMMON STOCK 437076102 8759 275000 SH SOLE 0102 235194 39806 0 D INFINITY PPTY COMMON STOCK 45665Q103 11058 393400 SH SOLE 0102 336569 56831 0 D INTERPORE INTL COM COMMON STOCK 46062W107 6528 425000 SH SOLE 0102 363599 61401 0 D J.P. MORGAN CHASE & CO COM COMMON STOCK 46625H100 14419 420000 SH SOLE 0102 360700 59300 0 D JONES APPAREL GROUP INC COMMON STOCK 480074103 7821 261317 SH SOLE 0102 223528 37789 0 D KOS PHARMACEUTICALS INC COM COMMON STOCK 500648100 2588 75000 SH SOLE 0102 63960 11040 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 11675 1171058 SH SOLE 0102 1000404 170654 0 D LIN TV CORP Cl A COMMON STOCK 532774106 532 25000 SH SOLE 0102 21886 3114 0 D M D C CORP COLO COM COMMON STOCK 552676108 5400 100000 SH SOLE 0102 85561 14439 0 D MILLICOM INTL CELLULAR SA COMMON STOCK L6388F110 22620 502100 SH SOLE 0102 428689 73411 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 15334 215000 SH SOLE 0102 184008 30992 0 D NTL INC COMMON STOCK 62940M104 21145 457000 SH SOLE 0102 390964 66036 0 D NTL INC OPTIONS - CALLS 62940M0CK 3008 65000 SH CALL SOLE 0102 56600 8400 0 D NVIDIA CORP COM STK COMMON STOCK 67066G104 1190 74500 SH SOLE 0102 63735 10765 0 D NVIDIA CORP COM STK OPTIONS - CALLS 67066G0CE 799 50000 SH CALL SOLE 0102 43900 6100 0 D NVIDIA CORP COM STK OPTIONS - CALLS 67066G0CX 8847 554000 SH CALL SOLE 0102 479200 74800 0 D NVIDIA CORP COM STK OPTIONS - CALLS 67066G0CY 799 50000 SH CALL SOLE 0102 43400 6600 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 5080 361541 SH SOLE 0102 309299 52242 0 D PHARMACEUTICAL RESOURCES INC, COMMON STOCK 717125108 23151 339359 SH SOLE 0102 289938 49421 0 D PLAINS EXPL PRD COMMON STOCK 726505100 17855 1431800 SH SOLE 0102 1224179 207621 0 D PRIME HOSPITALITY CORP COMMON STOCK 741917108 7069 813407 SH SOLE 0102 693997 119410 0 D QLT INC COMMON STOCK 746927102 520 32500 SH SOLE 0102 27732 4768 0 D RADIO ONE CLASS D COM STK COMMON STOCK 75040P405 2010 140000 SH SOLE 0102 119402 20598 0 D RESORTQUEST INTL INC COM STK COMMON STOCK 761183102 4066 616059 SH SOLE 0102 526656 89403 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 12878 2550000 SH SOLE 0102 2181379 368621 0 D SCOTTISH REGROUP LIMITED COMMON STOCK G7885T104 10988 455000 SH SOLE 0102 389285 65715 0 D SHAW GROUP INC COM COMMON STOCK 820280105 5781 550000 SH SOLE 0102 470547 79453 0 D SKYWEST INC COM COMMON STOCK 830879102 1039 60000 SH SOLE 0102 51332 8668 0 D SONY CORP AMERN SH NEW ADRS STOCKS 835699307 12338 354548 SH SOLE 0102 302548 52000 0 D SONY CORP AMERN SH NEW OPTIONS - CALLS 8356991AG 2610 75000 SH CALL SOLE 0102 64800 10200 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 18550 1000000 SH SOLE 0102 855521 144479 0 D SPINNAKER EXPL COM STK COMMON STOCK 84855W109 18912 788000 SH SOLE 0102 673731 114269 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 7409 210000 SH SOLE 0102 179659 30341 0 D SUN MICROSYSTEMS INC USD.0006 COMMON STOCK 866810104 3899 1178000 SH SOLE 0102 1007770 170230 0 D SWIFT TRANSN CO INC COM COMMON STOCK 870756103 8736 385000 SH SOLE 0102 329365 55635 0 D T-HQ INC COM NEW COMMON STOCK 872443403 13132 802187 SH SOLE 0102 684646 117541 0 D TENET HEALTHCARE CORP COM COMMON STOCK 88033G100 4344 300000 SH SOLE 0102 255967 44033 0 D TEREX CORP NEW COM COMMON STOCK 880779103 8161 440403 SH SOLE 0102 375752 64651 0 D TESORO PETROLEUM CORP COMMON STOCK 881609101 9306 1100000 SH SOLE 0102 941093 158907 0 D TEVA PHARMACEUTICAL ADR FOR 10 ADRS STOCKS 881624209 5720 100000 SH SOLE 0102 85548 14452 0 D THORATEC CORP COM COMMON STOCK 885175307 4587 270000 SH SOLE 0102 230989 39011 0 D TIBCO SOFTWARE INC USD COM COMMON STOCK 88632Q103 615 115000 SH SOLE 0102 98384 16616 0 D UGC EUROPE INC COMMON STOCK 90268P102 14804 282365 SH SOLE 0102 240804 41561 0 D UNITED RENTALS INC COM STK COMMON STOCK 911363109 2192 136208 SH SOLE 0102 116255 19953 0 D UNUMPROVIDENT CORP COM COMMON STOCK 91529Y106 19496 1320000 SH SOLE 0102 1127989 192011 0 D VALERO ENERGY CORP COMSTK COMMON STOCK 91913Y100 4401 115000 SH SOLE 0102 97555 17445 0 D VARCO INTL INC COM STK COMMON STOCK 922122106 8032 475000 SH SOLE 0102 406381 68619 0 D VISHAY INTERTECHNLGY COMMON STOCK 928298108 12805 730893 SH SOLE 0102 625293 105600 0 D VIVENDI SPONSORED ADR ADRS STOCKS 92851S204 5625 316731 SH SOLE 0102 271120 45611 0 D WEATHERFORD INTL LTD BERMUDA COMMON STOCK G95089101 11334 300000 SH SOLE 0102 255942 44058 0 D WERNER ENTERPRISES INC COMMON STOCK 950755108 7118 310000 SH SOLE 0102 264663 45337 0 S REPORT SUMMARY 92 DATA RECORDS 781831 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED