Cumberland Associates

Cumberland Associates as of March 31, 2012

Portfolio Holdings for Cumberland Associates

Cumberland Associates holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                {C}               {C}
                                                                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     4082    52107 SH       SOLE     0102         49371     2736        0
D APPLE INC  COM STK             COMMON STOCK     037833100     3597     6000 SH       SOLE     0102          5696      304        0
D ASCENA RETAIL GROUP  INC  COM  COMMON STOCK     04351G101     2881    65000 SH       SOLE     0102         60818     4182        0
D BERKSHIRE HATHAWAY INC CLASS B COMMON STOCK     084670702     3246    40000 SH       SOLE     0102         37982     2018        0
D CENTRAL EUROPEAN MED IA ENTERP COMMON STOCK     G20045202      533    75000 SH       SOLE     0102         71212     3788        0
D CITIGROUP INC  COM STK         COMMON STOCK     172967424     2559    70000 SH       SOLE     0102         66491     3509        0
D COMVERSE TECHNOLOGY INC COM ST COMMON STOCK     205862402      859   125000 SH       SOLE     0102        118714     6286        0
D CORNING INC  COM STK           COMMON STOCK     219350105     1056    75000 SH       SOLE     0102         71211     3789        0
D ECHOSTAR CORPORATION           COMMON STOCK     278768106     3632   129065 SH       SOLE     0102        122556     6509        0
D GENERAL MOTORS                 COMMON STOCK     37045V100     4923   191946 SH       SOLE     0102        182252     9694        0
D GEOPETRO COMPANY  COM STK      COMMON STOCK     37248H304      394  1920000 SH       SOLE     0102       1797904   122096        0
D GOOGLE INC CL A COM STK        COMMON STOCK     38259P508     2732     4260 SH       SOLE     0102          4017      243        0
D HARVEST NATURAL RESO URCES INC COMMON STOCK     41754V103     5956   841288 SH       SOLE     0102        815565    25723        0
D HERTZ GLOBAL HOLDING           COMMON STOCK     42805T105     3932   261429 SH       SOLE     0102        248180    13249        0
D HEWLETT-PACKARD CO  COM STK    COMMON STOCK     428236103     2383   100000 SH       SOLE     0102         94934     5066        0
D HIMAX TECHNOLOGIES I NC ADR    ADRS STOCKS      43289P106      124    60000 SH       SOLE     0102         56993     3007        0
D LAS VEGAS SANDS CORP  COM STK  COMMON STOCK     517834107     3454    60000 SH       SOLE     0102         56938     3062        0
D LIBERTY MEDIA CORP C  INTER A  COMMON STOCK     53071M104     5383   281970 SH       SOLE     0102        267427    14543        0
D LIBERTY MEDIA CORP N EW COM ST COMMON STOCK     530322106    10667   121011 SH       SOLE     0102        114864     6147        0
D MARVELL TECHNOLOGY G ROUP LTD  COMMON STOCK     G5876H105     4326   275000 SH       SOLE     0102        261107    13893        0
D METLIFE INC  COM STK           COMMON STOCK     59156R108     5603   150000 SH       SOLE     0102        142476     7524        0
D MURPHY OIL CORP  COM STK       COMMON STOCK     626717102     5571    99000 SH       SOLE     0102         93038     5962        0
D NAVISTAR INTL CORP  COM STK    COMMON STOCK     63934E108     3034    75000 SH       SOLE     0102         71219     3781        0
D NXSTAGE MEDICAL INC  COM STK   COMMON STOCK     67072V103      193    10000 SH       SOLE     0102          9497      503        0
D OCCIDENTAL PETE CORP           COMMON STOCK     674599105     3554    37315 SH       SOLE     0102         35610     1705        0
D ON SEMICONDUCTOR COR P /  SEMI COMMON STOCK     682189105     4280   475000 SH       SOLE     0102        451083    23917        0
D SEAGATE TECHNOLOGY  COM STK    COMMON STOCK     G7945M107     3801   141000 SH       SOLE     0102        133702     7298        0
D SIGNET JEWELERS LTD  COM STK   COMMON STOCK     G81276100     3215    68000 SH       SOLE     0102         64158     3842        0
D SPREADTRUM COMMUNICA TION  SPO ADRS STOCKS      849415203     1535    93016 SH       SOLE     0102         88343     4673        0
D TRIANGLE PETE CORP  COM STK    COMMON STOCK     89600B201     1310   189831 SH       SOLE     0102        189831        0        0
D VIACOM INC CL B COM STK        COMMON STOCK     92553P201     3118    65694 SH       SOLE     0102         62375     3319        0
D VISHAY INTERTECHNLGY INC       COMMON STOCK     928298108     4609   379000 SH       SOLE     0102        359842    19158        0
D Visteon Corporation COMMON STO COMMON STOCK     92839U206     4985    94064 SH       SOLE     0102         88785     5279        0
D WALGREEN CO  COM STK           COMMON STOCK     931422109     2177    65000 SH       SOLE     0102         61716     3284        0
S REPORT SUMMARY                 34 DATA RECORDS              113704        2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED