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