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 30, 2004 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 August 12, 2004 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: 87 Form 13F Information Table Value Total: 1224351 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 ALLETE INC COM STK COMMON STOCK 018522102 33533 1007000 SH SOLE 0102 802081 204919 0 D AMERADA HESS CORP COM COMMON STOCK 023551104 24153 305000 SH SOLE 0102 242672 62328 0 D AMERICAN EAGLE OUTFITTERS COMMON STOCK 02553E106 2168 75000 SH SOLE 0102 58949 16051 0 D ANDRX GROUP COMMON STOCK 034553107 35448 1269180 SH SOLE 0102 1009485 259695 0 D ARAMARK CORPORATION Cl B COMMON STOCK 038521100 16954 589500 SH SOLE 0102 468989 120511 0 D ARBOR REALTY COMMON STOCK 038923108 11970 600000 SH SOLE 0102 445344 154656 0 D ARRIS GROUP INC COM COMMON STOCK 04269Q100 7380 1242500 SH SOLE 0102 988452 254048 0 D ASHLAND INC COM COMMON STOCK 044204105 8978 170000 SH SOLE 0102 135239 34761 0 D ASPEN TECHNOLOGY INC COMMON STOCK 045327103 4538 625000 SH SOLE 0102 495053 129947 0 D ATHEROGENICS COM STK OPTIONS - PUTS 0474390MX 799 42000 SH PUT SOLE 0102 33700 8300 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 22424 265000 SH SOLE 0102 210820 54180 0 D BEARINGPOINT INC COMMON STOCK 074002106 8939 1007736 SH SOLE 0102 801782 205954 0 D BMC SOFTWARE INC USD COM COMMON STOCK 055921100 22948 1240455 SH SOLE 0102 986822 253633 0 D BOSTON SCIENTIFIC CORP COMMON STOCK 101137107 5851 136700 SH SOLE 0102 108758 27942 0 D BUNGE LTD COMMON STOCK G16962105 10638 273195 SH SOLE 0102 217703 55492 0 D CALPINE CORP COM COMMON STOCK 131347106 16524 3825000 SH SOLE 0102 3012800 812200 0 D CENTRAL EUROPEAN MEDIA ENT-A COMMON STOCK G20045202 10724 473890 SH SOLE 0102 376999 96891 0 D CHAMPION ENTERPRISES INC COMMON STOCK 158496109 7803 850000 SH SOLE 0102 668511 181489 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 16410 1356200 SH SOLE 0102 1078916 277284 0 D COCA COLA CO COM USD .25 COMMON STOCK 191216100 3281 65000 SH SOLE 0102 51090 13910 0 D COMPASS MINERALS INC COM COMMON STOCK 20451N101 13566 700000 SH SOLE 0102 556873 143127 0 D COMPUWARE CORP COM COMMON STOCK 205638109 7913 1198894 SH SOLE 0102 953761 245133 0 D CONSECO INC COMMON STOCK 208464883 19900 1000000 SH SOLE 0102 795543 204457 0 D CORE LABORATORIES NL G0.03 ORD COMMON STOCK N22717107 13455 585000 SH SOLE 0102 465254 119746 0 D CSG SYSTEMS INTL INC COM COMMON STOCK 126349109 2788 134700 SH SOLE 0102 107197 27503 0 D CYPRESS SEMICONDUCTOR CORP COMMON STOCK 232806109 4288 302200 SH SOLE 0102 240412 61788 0 D DYNEGY INC CL-A COM STK COMMON STOCK 26816Q101 32589 7650000 SH SOLE 0102 6085887 1564113 0 D E TRADE FINANCIAL CORP COMMON STOCK 269246104 34565 3100000 SH SOLE 0102 2436241 663759 0 D EMCOR GROUP INC COM COMMON STOCK 29084Q100 16597 377371 SH SOLE 0102 300621 76750 0 D ESCO TECHNOLOGIES INC COMMON STOCK 296315104 15971 299300 SH SOLE 0102 238078 61222 0 D FOOT LOCKER INC (EX VENATOR GR COMMON STOCK 344849104 1826 75000 SH SOLE 0102 59667 15333 0 D FRIEDMAN BILLINGS RAMSEY GROUP COMMON STOCK 358434108 15337 775000 SH SOLE 0102 616611 158389 0 D GAYLORD ENTERTAINMENT CO COMMON STOCK 367905106 13999 445962 SH SOLE 0102 355273 90689 0 D GENCORP INC USD SOM COMMON STOCK 368682100 21565 1610500 SH SOLE 0102 1281232 329268 0 D GENELABS TECHNOLOGIES INC COMMON STOCK 368706107 2065 893908 SH SOLE 0102 711125 182783 0 D GLOBAL INDS LTD COM COMMON STOCK 379336100 4290 750000 SH SOLE 0102 596649 153351 0 D GRANT PRIDE CO COM STK COMMON STOCK 38821G101 17173 930300 SH SOLE 0102 740084 190216 0 D GUIDANT CORP COM COMMON STOCK 401698105 5867 105000 SH SOLE 0102 83529 21471 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 46286 3889600 SH SOLE 0102 3083759 805841 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 14910 1000000 SH SOLE 0102 795538 204462 0 D HCA INC COMMON STOCK 404119109 33959 816507 SH SOLE 0102 642605 173902 0 D HERCULES INC COM COMMON STOCK 427056106 15847 1300000 SH SOLE 0102 1025573 274427 0 D INTERPUBLIC GROUP COS INC USD. COMMON STOCK 460690100 17849 1300000 SH SOLE 0102 1034048 265952 0 D JPMORGAN CHASE & CO COM COMMON STOCK 46625H100 28690 740000 SH SOLE 0102 588698 151302 0 D LAIDLAW INTL COMMON STOCK 50730R102 9809 756900 SH SOLE 0102 602142 154758 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 12780 1421533 SH SOLE 0102 1132190 289343 0 D LIBERTY MEDIA INTL CL-A COMMON STOCK 530719103 2637 71073 SH SOLE 0102 56608 14465 0 D MEMC ELECTR MATERIALS INC COM COMMON STOCK 552715104 1045 105800 SH SOLE 0102 85210 20590 0 D MESA AIR GROUP INC COM COMMON STOCK 590479101 12135 1500000 SH SOLE 0102 1193296 306704 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P209 1287 660252 SH SOLE 0102 660252 0 0 D MILLICOM INTL CELLULAR SA COMMON STOCK L6388F110 34150 1561504 SH SOLE 0102 1242054 319450 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 30799 420000 SH SOLE 0102 330476 89524 0 D MYLAN LABS INC COM COMMON STOCK 628530107 12150 600000 SH SOLE 0102 473961 126039 0 D MYLAN LABS INC COM OPTIONS - CALLS 6285300JE 5113 252500 SH CALL SOLE 0102 201500 51000 0 D NDS GROUP PLC SPONS ADR ADRS STOCKS 628891103 8362 329200 SH SOLE 0102 262058 67142 0 D NEIGHBORCARE INC COMMON STOCK 64015Y104 33210 1060000 SH SOLE 0102 843329 216671 0 D NEWALLIANCE BANCSHAR ES INC COMMON STOCK 650203102 16752 1200000 SH SOLE 0102 954640 245360 0 D NEWS CORP LTD SPONS ADR REPSTG ADRS STOCKS 652487802 23723 721500 SH SOLE 0102 573900 147600 0 D NIKE INC CL B COMMON STOCK 654106103 4924 65000 SH SOLE 0102 51712 13288 0 D NOKIA CORP ADR SHRS EACH ADRS STOCKS 654902204 771 53000 SH SOLE 0102 42678 10322 0 D NTL INC COM COMMON STOCK 62940M104 20328 352800 SH SOLE 0102 280193 72607 0 D NVIDIA CORP COM STK COMMON STOCK 67066G104 14127 690149 SH SOLE 0102 550684 139465 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 3582 200000 SH SOLE 0102 159109 40891 0 D OMNIVISION TECH OPTIONS - CALLS 6821280GW 3988 250000 SH CALL SOLE 0102 200800 49200 0 D PAR PHARMACEUTICAL COS INC COMMON STOCK 69888P106 28062 797000 SH SOLE 0102 626410 170590 0 D PHARM HLDRS US ETFS HOLDERS US ETF'S 71712A206 10951 140000 SH SOLE 0102 111365 28635 0 D PLAINS EXPL PRD COMMON STOCK 726505100 37159 2025000 SH SOLE 0102 1604418 420582 0 D RADIO ONE CLASS D COM STK COMMON STOCK 75040P405 2402 150000 SH SOLE 0102 119339 30661 0 D REPUBLIC AIRWYS COMMON STOCK 760276105 6636 465700 SH SOLE 0102 370495 95205 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 20577 2070100 SH SOLE 0102 1634600 435500 0 D SCOTTISH REGROUP LIMITED COMMON STOCK G7885T104 14415 620000 SH SOLE 0102 493232 126768 0 D SILICON STORAGE TECHNOLOGY INC COMMON STOCK 827057100 21005 2039300 SH SOLE 0102 1622342 416958 0 D SMURFIT-STONE CONTAINER CORP COMMON STOCK 832727101 2793 140000 SH SOLE 0102 110077 29923 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 27625 1250000 SH SOLE 0102 982347 267653 0 D SPINNAKER EXPL COM STK COMMON STOCK 84855W109 24613 625000 SH SOLE 0102 497206 127794 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 7994 175000 SH SOLE 0102 139216 35784 0 D SUN MICROSYSTEMS INC USD.0006 COMMON STOCK 866810104 433 100000 SH SOLE 0102 80531 19469 0 D T-HQ INC COM NEW COMMON STOCK 872443403 7576 330846 SH SOLE 0102 263228 67618 0 D TAIWAN SEMICONDUCTOR MANUFACTU ADRS STOCKS 874039100 499 60000 SH SOLE 0102 47735 12265 0 D TARO PHARMACEUTICAL INDS SHS A COMMON STOCK M8737E108 670 15400 SH SOLE 0102 12259 3141 0 D TEVA PHARMACEUTICAL ADR FOR 10 ADRS STOCKS 881624209 13772 205000 SH SOLE 0102 163035 41965 0 D THORATEC CORP COM COMMON STOCK 885175307 2148 200000 SH SOLE 0102 157194 42806 0 D TIME WARNER INC COM STK COMMON STOCK 887317105 5274 300000 SH SOLE 0102 238662 61338 0 D UNITEDGLOBALCOM INC CL-A COM COMMON STOCK 913247508 15903 2190532 SH SOLE 0102 1744999 445533 0 D VIACOM INC CL B COM COMMON STOCK 925524308 2679 75000 SH SOLE 0102 58949 16051 0 D VIVENDI SPONSORED ADR ADRS STOCKS 92851S204 13450 482079 SH SOLE 0102 378886 103193 0 D WEATHERFORD INTL LTD BERMUDA COMMON STOCK G95089101 33285 740000 SH SOLE 0102 588696 151304 0 S REPORT SUMMARY 87 DATA RECORDS 1224351 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED