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, 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 October 13, 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: 89 Form 13F Information Table Value Total: 1249909 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 ADVNC MED OPT COMMON STOCK 00763M108 7914 200000 SH SOLE 0102 156875 43125 0 D AMERADA HESS CORP COM COMMON STOCK 023551104 11125 125000 SH SOLE 0102 98178 26822 0 D AMERICA WEST HLDGS CORP CL B COMMON STOCK 023657208 5400 1000000 SH SOLE 0102 785436 214564 0 D AMR CORP COM COMMON STOCK 001765106 5498 750000 SH SOLE 0102 589081 160919 0 D ANDRX GROUP COMMON STOCK 034553107 35217 1575000 SH SOLE 0102 1232916 342084 0 D ARAMARK CORPORATION Cl B COMMON STOCK 038521100 13518 560000 SH SOLE 0102 439991 120009 0 D ARBOR REALTY COMMON STOCK 038923108 22200 1000000 SH SOLE 0102 785414 214586 0 D ASPEN TECHNOLOGY INC COMMON STOCK 045327103 12233 1750000 SH SOLE 0102 1374386 375614 0 D ATHEROGENICS COM STK OPTIONS - PUTS 0474390MX 890 27000 SH PUT SOLE 0102 21200 5800 0 D ATHEROGENICS COM STK OPTIONS - PUTS 0474390VC 3295 100000 SH PUT SOLE 0102 78600 21400 0 D ATHEROGENICS COM STK OPTIONS - PUTS 0474390VW 6590 200000 SH PUT SOLE 0102 157200 42800 0 D BANK OF AMERICA CORP COM STK COMMON STOCK 060505104 26865 620000 SH SOLE 0102 486934 133066 0 D BARR PHARMACEUTICALS INC COM COMMON STOCK 068306109 24237 585000 SH SOLE 0102 457908 127092 0 D BEARINGPOINT INC COMMON STOCK 074002106 12362 1382736 SH SOLE 0102 1086047 296689 0 D BMC SOFTWARE INC USD COM COMMON STOCK 055921100 20007 1265455 SH SOLE 0102 986660 278795 0 D BOWATER INC USD1 COM COMMON STOCK 102183100 6683 175000 SH SOLE 0102 137447 37553 0 D BUNGE LTD COMMON STOCK G16962105 12122 303195 SH SOLE 0102 238142 65053 0 D CALPINE CORP COM COMMON STOCK 131347106 15080 5200000 SH SOLE 0102 4115106 1084894 0 D CENTRAL EUROPEAN MEDIA ENT-A COMMON STOCK G20045202 14432 508890 SH SOLE 0102 396857 112033 0 D CHAMPION ENTERPRISES INC COMMON STOCK 158496109 8747 850000 SH SOLE 0102 667621 182379 0 D CISCO SYS INC COM COMMON STOCK 17275R102 7240 400000 SH SOLE 0102 313763 86237 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 13070 976085 SH SOLE 0102 760883 215202 0 D CNF INC COM COMMON STOCK 12612W104 1025 25000 SH SOLE 0102 19787 5213 0 D COMPASS MINERALS INC COM COMMON STOCK 20451N101 21756 980000 SH SOLE 0102 770453 209547 0 D COMPUTER SCIENCES CORP COM COMMON STOCK 205363104 9420 200000 SH SOLE 0102 157091 42909 0 D COMPUWARE CORP COM COMMON STOCK 205638109 9522 1848894 SH SOLE 0102 1441472 407422 0 D CORE LABORATORIES NL G0.03 ORD COMMON STOCK N22717107 5520 224500 SH SOLE 0102 176347 48153 0 D CSG SYSTEMS INTL INC COM COMMON STOCK 126349109 4041 262200 SH SOLE 0102 205945 56255 0 D DYNEGY INC CL-A COM STK COMMON STOCK 26816Q101 34930 7000000 SH SOLE 0102 5539556 1460444 0 D E TRADE FINANCIAL CORP COMMON STOCK 269246104 42540 3725000 SH SOLE 0102 2925686 799314 0 D FRIEDMAN BILLINGS RAMSEY GROUP COMMON STOCK 358434108 17668 925000 SH SOLE 0102 726525 198475 0 D GAYLORD ENTERTAINMENT CO COMMON STOCK 367905106 15995 515962 SH SOLE 0102 402265 113697 0 D GENCORP INC USD SOM COMMON STOCK 368682100 23855 1760500 SH SOLE 0102 1372557 387943 0 D GENELABS TECHNOLOGIES INC COMMON STOCK 368706107 1830 701124 SH SOLE 0102 550710 150414 0 D GLATFELTER CO COM COMMON STOCK 377316104 13195 1065000 SH SOLE 0102 836483 228517 0 D GLOBAL INDS LTD COM COMMON STOCK 379336100 3863 625000 SH SOLE 0102 490885 134115 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 44385 3300000 SH SOLE 0102 2591874 708126 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 18675 1125000 SH SOLE 0102 883503 241497 0 D HCA INC COMMON STOCK 404119109 30520 800000 SH SOLE 0102 628281 171719 0 D HERCULES INC COM COMMON STOCK 427056106 24938 1750000 SH SOLE 0102 1376628 373372 0 D HOMEBANC COMMON STOCK 43738R109 4950 550000 SH SOLE 0102 431984 118016 0 D IMPAX LABORATORIES INC. COM COMMON STOCK 45256B101 4301 280000 SH SOLE 0102 219891 60109 0 D INTERPUBLIC GROUP COS INC USD. COMMON STOCK 460690100 11649 1100000 SH SOLE 0102 863939 236061 0 D INTL BUSINESS MACHS CORP COM COMMON STOCK 459200101 12861 150000 SH SOLE 0102 117663 32337 0 D JPMORGAN CHASE & CO COM COMMON STOCK 46625H100 25825 650000 SH SOLE 0102 510493 139507 0 D LAIDLAW INTL COMMON STOCK 50730R102 19005 1155300 SH SOLE 0102 907410 247890 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 16320 1871533 SH SOLE 0102 1459122 412411 0 D LIBERTY MEDIA INTL CL-A COMMON STOCK 530719103 3205 96073 SH SOLE 0102 74903 21170 0 D MEDICIS PHARMACEUTICAL CORP COMMON STOCK 584690309 6442 165000 SH SOLE 0102 128648 36352 0 D MEMC ELECTR MATERIALS INC COM COMMON STOCK 552715104 2120 250000 SH SOLE 0102 197844 52156 0 D MESA AIR GROUP INC COM COMMON STOCK 590479101 7187 1409200 SH SOLE 0102 1108522 300678 0 D MIDCAP SPDR TRUST UNIT SER 1 US ETF'S - US TR 595635103 2709 25000 SH SOLE 0102 19633 5367 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P209 1149 660252 SH SOLE 0102 660252 0 0 D MILLICOM INTL CELLULAR SA COMMON STOCK L6388F110 23274 1278804 SH SOLE 0102 996863 281941 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 33741 425000 SH SOLE 0102 333825 91175 0 D MORTGAGEIT HLDS COMMON STOCK 61915Q108 14450 1000000 SH SOLE 0102 785422 214578 0 D MYLAN LABS INC COM COMMON STOCK 628530107 3600 200000 SH SOLE 0102 157077 42923 0 D MYLAN LABS INC COM OPTIONS - CALLS 6285300JE 4545 252500 SH CALL SOLE 0102 201500 51000 0 D NDS GROUP PLC SPONS ADR ADRS STOCKS 628891103 8888 329200 SH SOLE 0102 256657 72543 0 D NEIGHBORCARE INC COMMON STOCK 64015Y104 32448 1280000 SH SOLE 0102 1004642 275358 0 D NEWALLIANCE BANCSHAR ES INC COMMON STOCK 650203102 17579 1225000 SH SOLE 0102 962214 262786 0 D NEWS CORP LTD SPONS ADR REPSTG ADRS STOCKS 652487802 25738 821500 SH SOLE 0102 640475 181025 0 D NEXTEL COMMUNICATIONS INC COMMON STOCK 65332V103 16688 700000 SH SOLE 0102 549810 150190 0 D NITROMED INC COMMON STOCK 654798503 6437 270000 SH SOLE 0102 212065 57935 0 D NTL INC COM COMMON STOCK 62940M104 24828 400000 SH SOLE 0102 314170 85830 0 D NVIDIA CORP COM STK COMMON STOCK 67066G104 9295 640149 SH SOLE 0102 502664 137485 0 D NY MORTGAGE TR COMMON STOCK 649604105 5610 600000 SH SOLE 0102 471289 128711 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 3006 200000 SH SOLE 0102 155920 44080 0 D OMNICARE INC COM COMMON STOCK 681904108 19427 685000 SH SOLE 0102 538032 146968 0 D PAR PHARMACEUTICAL COS INC COMMON STOCK 69888P106 17404 484400 SH SOLE 0102 380316 104084 0 D PLAINS EXPL PRD COMMON STOCK 726505100 35790 1500000 SH SOLE 0102 1181097 318903 0 D PURECYCLE CORP COM COMMON STOCK 746228303 3758 450000 SH SOLE 0102 353449 96551 0 D REPUBLIC AIRWYS COMMON STOCK 760276105 4197 466865 SH SOLE 0102 364510 102355 0 D RUSS 2000 INDEX SMALL CAP ETF US ETF'S - US TR 464287655 2846 25000 SH SOLE 0102 19787 5213 0 D S & P DEPOSITORY RECEIPTS TR U US ETF'S - US TR 78462F103 8382 75000 SH SOLE 0102 59355 15645 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 19950 2500000 SH SOLE 0102 1955337 544663 0 D SCOTTISH REGROUP LIMITED COMMON STOCK G7885T104 11072 523000 SH SOLE 0102 410779 112221 0 D SKYWEST INC COM COMMON STOCK 830879102 4139 275000 SH SOLE 0102 215997 59003 0 D SONY CORP AMERN SH NEW ADRS STOCKS 835699307 15802 459500 SH SOLE 0102 363503 95997 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 30548 1400000 SH SOLE 0102 1099638 300362 0 D SPINNAKER EXPL COM STK COMMON STOCK 84855W109 24878 710000 SH SOLE 0102 557709 152291 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 6126 140000 SH SOLE 0102 109956 30044 0 D T-HQ INC COM NEW COMMON STOCK 872443403 6438 330846 SH SOLE 0102 258751 72095 0 D THORATEC CORP COM COMMON STOCK 885175307 6734 700000 SH SOLE 0102 549837 150163 0 D UNITEDGLOBALCOM INC CL-A COM COMMON STOCK 913247508 14122 1890532 SH SOLE 0102 1473862 416670 0 D VICURON PHARMACEUTIC ALS INC C COMMON STOCK 926471103 4698 320000 SH SOLE 0102 251354 68646 0 D VIVENDI SPONSORED ADR ADRS STOCKS 92851S204 8544 332079 SH SOLE 0102 259031 73048 0 D WEATHERFORD INTL LTD BERMUDA COMMON STOCK G95089101 36734 720000 SH SOLE 0102 565487 154513 0 D WESTLAKE CHEM COMMON STOCK 960413102 12067 541100 SH SOLE 0102 425082 116018 0 S REPORT SUMMARY 89 DATA RECORDS 1249909 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED