0001398344-11-001100.txt : 20110511 0001398344-11-001100.hdr.sgml : 20110511 20110511150547 ACCESSION NUMBER: 0001398344-11-001100 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 EFFECTIVENESS DATE: 20110511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: T2 Partners Management, LP CENTRAL INDEX KEY: 0001327388 IRS NUMBER: 134041748 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12232 FILM NUMBER: 11831689 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 212-386-7160 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 13F-HR 1 fp0002918_13fhr.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: March 31, 2011 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: T2 Partners Management, L.P. Address: 767 Fifth Avenue, 18th Floor New York, NY 10153 Form 13F File Number: 028-12232 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 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: Glenn Tongue Title: Managing Partner Phone: 212-386-7161 Signature, Place, and Date of Signing: /s/ Glenn Tongue New York, NY 05/09/2011 ---------------- ------------ ---------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ----------- Form 13F Information Table Entry Total: 98 ----------- Form 13F Information Table Value Total: $ 399,070 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 1 028-13305 Centaur Capital Management LP
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ----------------- --------- --------- -------------------- ---------- -------- -------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------- ----------------- --------- --------- --------- ----- ---- ---------- -------- ------- ------ ----- ALLEGHANY CORP DEL COM 017175100 1,257 3,800 SH Other 1 3,800 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 631 39,700 SH Other 1 39,700 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 37 2,308 SH Sole 2,308 AMERICAN EXPRESS CO COM 025816109 1,273 28,144 SH Sole 28,144 ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 8,830 154,440 SH Sole 154,440 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 2,755 100,000 SH Other 1 100,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 1,378 50,000 SH Sole 50,000 AUTOMATIC DATA PROCESSING IN COM 053015103 1,812 35,318 SH Sole 35,318 AUTOMATIC DATA PROCESSING IN COM 053015103 1,437 28,000 SH CALL Sole 28,000 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 428 49,630 SH Sole 49,630 BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,629 13 SH Sole 13 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 12,798 153,016 SH Sole 153,016 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 22,990 274,900 SH CALL Sole 274,900 BEST BUY INC COM 086516101 1,436 50,000 SH Other 1 50,000 BLACKROCK KELSO CAPITAL CORP COM 092533108 285 28,123 SH Sole 28,123 BLUE COAT SYSTEMS INC COM NEW 09534T508 1,126 40,000 SH Other 1 40,000 BORDERS GROUP INC COM 099709107 66 259,152 SH Sole 259,152 BP PLC SPONSORED ADR 055622104 8,002 181,281 SH Sole 181,281 CALAMOS ASSET MGMT INC CL A 12811R104 2,323 140,000 SH Other 1 140,000 CAPITAL SOUTHWEST CORP COM 140501107 1,281 14,000 SH Other 1 14,000 CHIMERA INVT CORP COM 16934Q109 1,191 300,000 SH Other 1 300,000 CISCO SYS INC COM 17275R102 4,202 245,000 SH Other 1 245,000 CIT GROUP INC COM NEW 125581801 11,589 272,363 SH Sole 272,363 COINSTAR INC COM 19259P300 4,822 105,000 SH Other 1 105,000 CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 137 7,600 SH PUT Other 1 7,600 DAILY JOURNAL CORP COM 233912104 273 3,683 SH Sole 3,683 DELIA'S INC NEW COM 246911101 5,543 3,079,733 SH Sole 3,079,733 DELL INC COM 24702R101 4,498 310,000 SH Other 1 310,000 DELL INC COM 24702R101 179 12,300 SH Sole 12,300 DIAMOND OFFSHORE DRILLING IN COM 25271C102 2,331 30,000 SH Other 1 30,000 E M C CORP MASS COM 268648102 2,258 85,000 SH Other 1 85,000 E M C CORP MASS COM 268648102 20 768 SH Sole 768 ECHOSTAR CORP CL A 278768106 265 6,992 SH Sole 6,992 FIRST LONG IS CORP COM 320734106 555 20,000 SH Sole 20,000 GAMESTOP CORP NEW CL A 36467W109 2,477 110,000 SH Other 1 110,000 GENERAL ELECTRIC CO COM 369604103 532 26,562 SH Sole 26,562 GENERAL GROWTH PPTYS INC NEW COM 370023103 9,449 610,404 SH Sole 610,404 HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 1,422 600,000 SH Other 1 600,000 HOT TOPIC INC COM 441339108 177 31,090 SH Sole 31,090 HOWARD HUGHES CORP COM 44267D107 8,330 117,890 SH Sole 117,890 HUNTSMAN CORP COM 447011107 518 29,781 SH Sole 29,781 IDT CORP CL B NEW 448947507 3,505 130,000 SH Other 1 130,000 INTEL CORP COM 458140100 89 4,410 SH Sole 4,410 INTEL CORP COM 458140100 4,480 222,000 SH CALL Sole 222,000 IRIDIUM COMMUNICATIONS INC COM 46269C102 10,313 1,292,460 SH Sole 1,292,460 IRIDIUM COMMUNICATIONS INC *W EXP 02/14/201 46269C110 10,145 4,244,913 SH Sole 4,244,913 IRIDIUM COMMUNICATIONS INC *W EXP 02/14/201 46269C128 142 95,765 SH Sole 95,765 ISHARES TR BARCLYS 20+ YR 464287432 3,451 41,000 SH PUT Other 1 41,000 ITT EDUCATIONAL SERVICES INC COM 45068B109 244 3,385 SH Sole 3,385 JOHNSON & JOHNSON COM 478160104 66 1,110 SH Sole 1,110 JOHNSON & JOHNSON COM 478160104 6,565 110,800 SH CALL Sole 110,800 JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 1,473 87,800 SH Sole 87,800 KRAFT FOODS INC CL A 50075N104 803 25,600 SH Sole 25,600 KRAFT FOODS INC CL A 50075N104 12,133 386,900 SH CALL Sole 386,900 LABORATORY CORP AMER HLDGS COM NEW 50540R409 2,073 22,500 SH Other 1 22,500 LECG CORP COM 523234102 8 42,298 SH Sole 42,298 LENNAR CORP CL B 526057302 375 25,556 SH Sole 25,556 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 682 9,268 SH Sole 9,268 MADISON SQUARE GARDEN INC CL A 55826P100 1,916 71,000 SH Other 1 71,000 MEDALLION FINL CORP COM 583928106 1,230 139,914 SH Other 1 139,914 MICROSOFT CORP COM 594918104 1,523 60,000 SH Other 1 60,000 MICROSOFT CORP COM 594918104 13,339 525,358 SH Sole 525,358 MICROSOFT CORP COM 594918104 33,863 1,333,700 SH CALL Sole 1,333,700 MVC CAPITAL INC COM 553829102 1,535 111,800 SH Other 1 111,800 MVC CAPITAL INC COM 553829102 56 4,100 SH Sole 4,100 PENNEY J C INC COM 708160106 4 100 SH Sole 100 PENNEY J C INC COM 708160106 16,763 466,800 SH CALL Sole 466,800 PREMIER EXIBITIONS INC COM 74051E102 1,077 566,819 SH Sole 566,819 REPUBLIC AWYS HLDGS INC COM 760276105 1,353 210,388 SH Sole 210,388 REPUBLIC AWYS HLDGS INC COM 760276105 469 72,900 SH CALL Sole 72,900 RESOURCE AMERICA INC CL A 761195205 7,018 1,094,855 SH Sole 1,094,855 RICHARDSON ELECTRS LTD COM 763165107 1,355 102,800 SH Other 1 102,800 SAFETY INS GROUP INC COM 78648T100 421 9,130 SH Other 1 9,130 SEAGATE TECHNOLOGY PLC SHS G7945M107 12,693 881,180 SH Sole 881,180 SLM CORP COM 78442P106 283 18,557 SH Sole 18,557 SPARK NETWORKS INC COM 84651P100 1,171 371,863 SH Sole 371,863 SPDR S&P 500 ETF TR TR UNIT 78462F103 82,723 623,900 SH PUT Sole 623,900 SPROTT RESOURCE LENDING CORP COM 85207J100 1,111 627,542 SH Other 1 627,542 ST JOE CO COM 790148100 0 3 SH Sole 3 ST JOE CO COM 790148100 1,366 54,500 SH PUT Sole 54,500 SUMMER INFANT INC COM 865646103 796 99,500 SH Sole 99,500 TARGET CORP COM 87612E106 2,250 45,000 SH Other 1 45,000 TARGET CORP COM 87612E106 47 933 SH Sole 933 TELULAR CORP COM NEW 87970T208 2,731 376,147 SH Other 1 376,147 TERRA NOVA RTY CORP COM 88102D103 2,148 250,000 SH Other 1 250,000 TRANSATLANTIC PETROLEUM LTD SHS G89982105 1,705 550,000 SH Other 1 550,000 TUCOWS INC COM 898697107 105 123,650 SH Sole 123,650 TWO HBRS INVT CORP COM 90187B101 6,198 2,300,621 SH Sole 2,300,621 U S GLOBAL INVS INC CL A 902952100 430 53,000 SH Other 1 53,000 WESCO FINL CORP COM 950817106 1,662 4,270 SH Sole 4,270 WEST PHARMACEUTICAL SVSC INC COM 955306105 1,260 360,000 SH Other 1 360,000 WESTERN DIGITAL CORP COM 958102105 3,729 100,000 SH Other 1 100,000 WET SEAL INC CL A 961840105 559 130,436 SH Sole 130,436 WEYCO GROUP INC COM 962149100 1,516 61,997 SH Sole 61,997 WILMINGTON TRUST CORP COM 971807102 167 37,077 SH Sole 37,077 WINN DIXIE STORES INC COM NEW 974280307 2,513 351,951 SH Sole 351,951 WINTHROP RLTY TR SH BEN INT NEW 976391300 188 15,358 SH Sole 15,358 YAHOO INC COM 984332106 708 42,426 SH Sole 42,426