0000905148-11-001494.txt : 20110812
0000905148-11-001494.hdr.sgml : 20110812
20110812164709
ACCESSION NUMBER: 0000905148-11-001494
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110812
DATE AS OF CHANGE: 20110812
EFFECTIVENESS DATE: 20110812
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHESAPEAKE PARTNERS MANAGEMENT CO INC/MD
CENTRAL INDEX KEY: 0000919165
IRS NUMBER: 521745745
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-04120
FILM NUMBER: 111031952
BUSINESS ADDRESS:
STREET 1: 1829 REISTERSTOWN RD
STREET 2: SUITE 220
CITY: BALTIMORE
STATE: MD
ZIP: 21208
BUSINESS PHONE: 4106020195
MAIL ADDRESS:
STREET 1: 1829 REISTERSTOWN ROAD
STREET 2: SUITE 220
CITY: BALTIMORE
STATE: MD
ZIP: 21208
13F-HR
1
efc11-468_fm13fhr.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: Chesapeake Partners Management Co., Inc.
Address: 2800 Quarry Lake Drive
Suite 300
Baltimore, Maryland 21209
Form 13F File Number: 28-04120
----------
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: Mark D. Lerner
Title: Vice President
Phone: 410-602-0195
Signature, Place and Date of Signing:
/s/ Mark D. Lerner Baltimore, Maryland August 12, 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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 122
Form 13F Information Table Value Total: $2,623,015
--------------
(In Thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
CHESAPEAKE PARTNERS MANAGEMENT CO., INC.
FORM 13F INFORMATION TABLE
QUARTER ENDED JUNE 30, 2011
-----------------------------------------------------------------------------------------------------------------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-----------------------------------------------------------------------------------------------------------------------------
99 CENTS ONLY STORES COM 65440K106 816 40,300 SH SOLE 40,300
ALPHA NATURAL RESOURCES INC COM 02076X102 35,079 771,992 SH SOLE 771,992
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 11,978 939,457 SH SOLE 939,457
AMERICAN EXPRESS CO COM 025816109 17,550 339,450 SH SOLE 339,450
APPLE INC COM 037833100 58,953 175,628 SH SOLE 175,628
APPLE INC COM 037833100 8,392 25,000 SH CALL SOLE 25,000
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 22,959 660,510 SH SOLE 660,510
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 17,380 500,000 SH CALL SOLE 500,000
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 29,867 906,155 SH SOLE 906,155
AVIS BUDGET GROUP COM 053774105 4,467 261,400 SH SOLE 261,400
AVIS BUDGET GROUP COM 053774105 1,709 100,000 SH CALL SOLE 100,000
BANK OF AMERICA CORPORATION COM 060505104 54,754 4,995,761 SH SOLE 4,995,761
BANK OF AMERICA CORPORATION COM 060505104 32,880 3,000,000 SH CALL SOLE 3,000,000
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 5,540 1,000,000 SH SOLE 1,000,000
BANKUNITED INC COM 06652K103 5,308 200,000 SH SOLE 200,000
BARNES & NOBLE INC COM 067774109 1,244 75,000 SH SOLE 75,000
BARNES & NOBLE INC COM 067774109 1,244 75,000 SH PUT SOLE 75,000
BIG LOTS INC COM 089302103 33,302 1,004,587 SH SOLE 1,004,587
BJS WHOLESALE CLUB INC COM 05548J106 7,200 143,000 SH SOLE 143,000
BJS WHOLESALE CLUB INC COM 05548J106 5,035 100,000 SH CALL SOLE 100,000
BLACKROCK INC COM 09247X101 671 3,500 SH SOLE 3,500
CAPITAL ONE FINL CORP COM 14040H105 18,733 362,556 SH SOLE 362,556
CEPHALON INC COM 156708109 22,093 276,513 SH SOLE 276,513
CITIGROUP INC COM NEW 172967424 48,376 1,161,771 SH SOLE 1,161,771
CITIGROUP INC COM NEW 172967424 41,640 1,000,000 SH CALL SOLE 1,000,000
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 5,738 451,793 SH SOLE 451,793
CLEARWIRE CORP NEW CL A 18538Q105 14,859 3,931,011 SH SOLE 3,931,011
COMPUTER SCIENCES CORP COM 205363104 18,980 500,000 SH CALL SOLE 500,000
CROWN CASTLE INTL CORP COM 228227104 17,159 420,657 SH SOLE 420,657
CVR ENERGY INC COM 12662P108 28,322 1,150,354 SH SOLE 1,150,354
CVR PARTNERS LP COM 126633106 2,671 118,925 SH SOLE 118,925
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 84,613 1,147,456 SH SOLE 1,147,456
ENSCO PLC SPONSORED ADR 29358Q109 2,900 54,404 SH SOLE 54,404
EXCO RESOURCES INC COM 269279402 17,002 963,300 SH SOLE 963,300
EXELON CORP COM 30161N101 996 23,250 SH SOLE 23,250
EXPEDIA INC DEL COM 30212P105 4,505 155,400 SH SOLE 155,400
F5 NETWORKS INC COM 315616102 8,269 75,000 SH SOLE 75,000
FORD MTR CO DEL COM PAR $0.01 345370860 21,420 1,553,296 SH SOLE 1,553,296
FORD MTR CO DEL COM PAR $0.01 345370860 20,685 1,500,000 SH CALL SOLE 1,500,000
FORD MTR CO DEL *W EXP 01/01/201 345370134 6,272 1,196,900 SH SOLE 1,196,900
GENERAL MTRS CO COM 37045V100 23,529 775,000 SH SOLE 775,000
GENERAL MTRS CO COM 37045V100 30,360 1,000,000 SH CALL SOLE 1,000,000
GOLDCORP INC NEW COM 380956409 6,959 144,161 SH SOLE 144,161
GRIFOLS S A SPONSORED ADR 398438309 8,255 1,099,255 SH SOLE 1,099,255
HERTZ GLOBAL HOLDINGS INC COM 42805T105 14,085 886,966 SH SOLE 886,966
HERTZ GLOBAL HOLDINGS INC COM 42805T105 3,970 250,000 SH CALL SOLE 250,000
HUDBAY MINERALS INC COM 443628102 5,173 345,773 SH SOLE 345,773
HYPERCOM CORP COM 44913M105 22,361 2,274,770 SH SOLE 2,274,770
INTERPUBLIC GROUP COS INC COM 460690100 7,384 590,700 SH SOLE 590,700
ISHARES INC MSCI JAPAN 464286848 2,608 250,000 SH SOLE 250,000
ISHARES INC MSCI JAPAN 464286848 5,215 500,000 SH CALL SOLE 500,000
ISHARES TR RUSSELL 2000 464287655 165,600 2,000,000 SH PUT SOLE 2,000,000
JPMORGAN CHASE & CO COM 46625H100 122,539 2,993,131 SH SOLE 2,993,131
JPMORGAN CHASE & CO COM 46625H100 20,470 500,000 SH CALL SOLE 500,000
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 10,113 750,800 SH SOLE 750,800
L-1 IDENTITY SOLUTIONS INC COM 50212A106 8,813 750,000 SH PUT SOLE 750,000
LEAR CORP COM NEW 521865204 83,110 1,554,046 SH SOLE 1,554,046
LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 9,496 126,210 SH SOLE 126,210
LIVE NATION ENTERTAINMENT IN COM 538034109 1,156 100,772 SH SOLE 100,772
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 71,393 1,853,401 SH SOLE 1,853,401
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 7,704 200,000 SH CALL SOLE 200,000
M & F WORLDWIDE CORP COM 552541104 5,292 204,804 SH SOLE 204,804
MARATHON OIL CORP COM 565849106 10,040 190,590 SH SOLE 190,590
MASCO CORP COM 574599106 602 50,000 SH SOLE 50,000
MASCO CORP COM 574599106 3,008 250,000 SH CALL SOLE 250,000
MENTOR GRAPHICS CORP COM 587200106 13,416 1,047,317 SH SOLE 1,047,317
MF GLOBAL HLDGS LTD COM 55277J108 11,100 1,434,092 SH SOLE 1,434,092
MGM RESORTS INTERNATIONAL COM 552953101 23,748 1,797,705 SH SOLE 1,797,705
MGM RESORTS INTERNATIONAL COM 552953101 13,210 1,000,000 SH CALL SOLE 1,000,000
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 547 500,000 PRN SOLE NONE
MICROSOFT CORP COM 594918104 15,860 610,000 SH SOLE 610,000
MICROSOFT CORP COM 594918104 29,684 1,141,700 SH CALL SOLE 1,141,700
MORGAN STANLEY COM NEW 617446448 1,151 50,000 SH SOLE 50,000
MOSAIC CO NEW COM 61945C103 43,638 644,300 SH SOLE 644,300
NASDAQ OMX GROUP INC COM 631103108 1,198 47,362 SH SOLE 47,362
NYSE EURONEXT COM 629491101 61,074 1,782,129 SH SOLE 1,782,129
NYSE EURONEXT COM 629491101 25,703 750,000 SH CALL SOLE 750,000
OCCIDENTAL PETE CORP DEL COM 674599105 12,485 120,000 SH SOLE 120,000
OCH ZIFF CAP MGMT GROUP CL A 67551U105 13,216 952,815 SH SOLE 952,815
ORACLE CORP COM 68389X105 16,461 500,191 SH SOLE 500,191
ORACLE CORP COM 68389X105 16,455 500,000 SH CALL SOLE 500,000
ORIENT-EXPRESS HOTELS LTD CL A G67743107 14,056 1,307,540 SH SOLE 1,307,540
ORIENT-EXPRESS HOTELS LTD CL A G67743107 10,750 1,000,000 SH CALL SOLE 1,000,000
OWENS CORNING NEW COM 690742101 25,736 689,053 SH SOLE 689,053
PENN NATL GAMING INC COM 707569109 18,485 458,224 SH SOLE 458,224
POTASH CORP SASK INC COM 73755L107 65,328 1,146,301 SH SOLE 1,146,301
RALCORP HLDGS INC NEW COM 751028101 26,450 305,500 SH SOLE 305,500
RENREN INC SPONSORED ADR 759892102 177 20,000 SH SOLE 20,000
REPUBLIC SVCS INC COM 760759100 2,075 67,255 SH SOLE 67,255
ROCK-TENN CO CL A 772739207 46,189 696,249 SH SOLE 696,249
RSC HOLDINGS INC COM 74972L102 12,453 1,041,213 SH SOLE 1,041,213
SAKS INC COM 79377W108 33,622 3,010,059 SH SOLE 3,010,059
SANOFI RIGHT 12/31/2020 80105N113 2,664 1,105,304 SH SOLE 1,105,304
SAVIENT PHARMACEUTICALS INC COM 80517Q100 6,486 865,987 SH SOLE 865,987
SEAGATE TECHNOLOGY PLC SHS G7945M107 8,112 502,000 SH SOLE 502,000
SEALED AIR CORP NEW COM 81211K100 11,657 490,000 SH SOLE 490,000
SEALED AIR CORP NEW COM 81211K100 4,163 175,000 SH CALL SOLE 175,000
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,535 100,000 SH SOLE 100,000
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 37,732 1,013,200 SH SOLE 1,013,200
SMITH A O COM 831865209 4,788 113,200 SH SOLE 113,200
SPDR GOLD TRUST GOLD SHS 78463V107 36,500 250,000 SH CALL SOLE 250,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 65,985 500,000 SH PUT SOLE 500,000
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 7,217 399,600 SH SOLE 399,600
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 9,030 500,000 SH CALL SOLE 500,000
TEMPLE INLAND INC COM 879868107 47,028 1,581,300 SH SOLE 1,581,300
TEMPLE INLAND INC COM 879868107 7,732 260,000 SH CALL SOLE 260,000
TENNECO INC COM 880349105 46,661 1,058,793 SH SOLE 1,058,793
TEXAS INDS INC COM 882491103 17,531 421,113 SH SOLE 421,113
THERAVANCE INC COM 88338T104 82,703 3,723,661 SH SOLE 3,723,661
TPC GROUP INC COM 89236Y104 7,126 181,688 SH SOLE 181,688
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 48,895 828,314 SH SOLE 828,314
TYCO INTERNATIONAL LTD SHS H89128104 2,853 57,723 SH SOLE 57,723
U S G CORP COM NEW 903293405 11,586 807,924 SH SOLE 807,924
UNITED CONTL HLDGS INC COM 910047109 6,851 302,725 SH SOLE 302,725
UNITEDHEALTH GROUP INC COM 91324P102 1,186 22,997 SH SOLE 22,997
VALEANT PHARMACEUTICALS INTL COM 91911K102 5,975 115,000 SH SOLE 115,000
VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 23,455 381,760 SH SOLE 381,760
VIACOM INC NEW CL B 92553P201 40,177 787,787 SH SOLE 787,787
VMWARE INC CL A COM 928563402 23,766 237,118 SH SOLE 237,118
WALTER ENERGY INC COM 93317Q105 29,723 256,678 SH SOLE 256,678
WELLPOINT INC COM 94973V107 21,915 278,211 SH SOLE 278,211
WYNDHAM WORLDWIDE CORP COM 98310W108 56,920 1,691,535 SH SOLE 1,691,535