13F-HR 1 cfip3q11.txt FORM 13F HOLDINGS REPORT 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, 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: Chicago Fundamental Investment Partners, LLC Address: 71 South Wacker Drive Suite 3495 Chicago, IL 60606 13F File Number: 028-13316 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: John R. Gordon Title: Chief Financial Officer Phone: (312) 416-4300 Signature, Place, and Date of Signing: /s/ John R. Gordon Chicago, IL/USA November 14, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 70 Form 13F Information Table Value Total: $598,107 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE 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 DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABITIBIBOWATER INC COM NEW 003687209 4800 320000 SH PUT SOLE 320000 0 0 APPLE INC COM 037833100 10467 27450 SH SOLE 27450 0 0 APPLE INC COM 037833100 17159 45000 SH PUT SOLE 45000 0 0 CAMECO CORP COM 13321L108 2330 127200 SH CALL SOLE 127200 0 0 CAPITALSOURCE INC COM 14055X102 23357 3804050 SH SOLE 3804050 0 0 CHESAPEAKE ENERGY CORP NOTE 2.250%12/1 165167CB1 3304 3876000 PRN SOLE 3876000 0 0 CIENA CORP COM NEW 171779309 280 25000 SH PUT SOLE 25000 0 0 D R HORTON INC NOTE 2.000% 5/1 23331ABB4 43143 43000000 PRN SOLE 43000000 0 0 DANA HLDG CORP COM 235825205 263 25000 SH SOLE 25000 0 0 DANA HLDG CORP COM 235825205 4408 419800 SH PUT SOLE 419800 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 4897 652900 SH CALL SOLE 652900 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 20647 2752900 SH PUT SOLE 2752900 0 0 DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 16049 17380000 PRN SOLE 17380000 0 0 DRYSHIPS INC SHS Y2109Q101 125 53400 SH CALL SOLE 53400 0 0 DRYSHIPS INC. NOTE 5.000%12/0 262498AB4 29100 47000000 PRN SOLE 47000000 0 0 E M C CORP MASS COM 268648102 5248 250000 SH PUT SOLE 250000 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AK8 15699 12000000 PRN SOLE 12000000 0 0 EASTMAN KODAK CO COM 277461109 785 1006400 SH PUT SOLE 1006400 0 0 EASTMAN KODAK CO COM 277461109 1290 1653500 SH CALL SOLE 1653500 0 0 EASTMAN KODAK CO NOTE 7.000% 4/0 277461BJ7 2525 10000000 PRN SOLE 10000000 0 0 EQUINIX INC COM NEW 29444U502 6112 68800 SH CALL SOLE 68800 0 0 EQUINIX INC NOTE 2.500% 4/1 29444UAF3 12061 11863000 PRN SOLE 11863000 0 0 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 12478 9675000 PRN SOLE 9675000 0 0 EXXON MOBIL CORP COM 30231G102 10895 150000 SH PUT SOLE 150000 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 1833 300000 SH PUT SOLE 300000 0 0 FRONTIER COMMUNICATIONS CORP COM 35906A108 1146 187500 SH SOLE 187500 0 0 GANNETT INC COM 364730101 10381 1089300 SH CALL SOLE 1089300 0 0 GENERAL MTRS CO COM 37045V100 2825 140000 SH CALL SOLE 140000 0 0 GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 8148 7500000 PRN SOLE 7500000 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 404 40000 SH SOLE 40000 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 1567 155300 SH CALL SOLE 155300 0 0 GRAY TELEVISION INC COM 389375106 3368 2159279 SH SOLE 2159279 0 0 HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 16873 13000000 PRN SOLE 13000000 0 0 HOVNANIAN ENTERPRISES INC CL A 442487203 379 310900 SH PUT SOLE 310900 0 0 HOVNANIAN ENTERPRISES INC UNIT 99/99/9999 44248W208 1453 188064 PRN SOLE 188064 0 0 ISHARES TR FTSE CHINA25 IDX 464287184 3330 108000 SH PUT SOLE 108000 0 0 ISHARES TR FTSE CHINA25 IDX 464287184 2929 95000 SH SOLE 95000 0 0 ISHARES TR RUSSELL 2000 464287655 16589 258000 SH PUT SOLE 258000 0 0 JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AE1 6927 5900000 PRN SOLE 5900000 0 0 JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AG6 2920 2500000 PRN SOLE 2500000 0 0 KB HOME COM 48666K109 12343 2106400 SH CALL SOLE 2106400 0 0 MBIA INC COM 55262C100 3103 426900 SH PUT SOLE 426900 0 0 MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 6958 6950000 PRN SOLE 6950000 0 0 MGIC INVT CORP WIS COM 552848103 70 37500 SH SOLE 37500 0 0 MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 4914 8500000 PRN SOLE 8500000 0 0 MOODYS CORP COM 615369105 24686 810700 SH CALL SOLE 810700 0 0 MOODYS CORP COM 615369105 12226 401500 SH PUT SOLE 401500 0 0 OFFICE DEPOT INC COM 676220106 231 112000 SH SOLE 112000 0 0 OFFICE DEPOT INC COM 676220106 281 136200 SH PUT SOLE 136200 0 0 OLD REP INTL CORP NOTE 8.000% 5/1 680223AF1 7698 7500000 PRN SOLE 7500000 0 0 PHH CORP NOTE 4.000% 9/0 693320AN3 9540 10000000 PRN SOLE 10000000 0 0 PMI GROUP INC NOTE 4.500% 4/1 69344MAK7 1887 6100000 PRN SOLE 6100000 0 0 PROLOGIS NOTE 3.250% 3/1 74340XAT8 22751 23000000 PRN SOLE 23000000 0 0 QUIKSILVER INC COM 74838C106 949 311130 SH SOLE 311130 0 0 QUIKSILVER INC COM 74838C106 2300 754100 SH CALL SOLE 754100 0 0 QUIKSILVER INC COM 74838C106 1054 345700 SH PUT SOLE 345700 0 0 RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 7548 15040000 PRN SOLE 15040000 0 0 REGIS CORP MINN NOTE 5.000% 7/1 758932AA5 17079 15000000 PRN SOLE 15000000 0 0 RYLAND GROUP INC COM 783764103 3494 328100 SH PUT SOLE 328100 0 0 SANDISK CORP COM 80004C101 3491 86500 SH CALL SOLE 86500 0 0 SESI L L C FRNT 1.500%12/1 78412FAH7 13446 13500000 PRN SOLE 13500000 0 0 SPANSION INC COM CL A NEW 84649R200 881 72123 SH SOLE 72123 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 61101 540000 SH CALL SOLE 540000 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 1798 591300 SH SOLE 591300 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 1798 591300 SH PUT SOLE 591300 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 4044 154100 SH CALL SOLE 154100 0 0 TEREX CORP NEW COM 880779103 259 25200 SH SOLE 25200 0 0 TEREX CORP NEW COM 880779103 1334 130000 SH PUT SOLE 130000 0 0 TEXTRON INC NOTE 4.500% 5/0 883203BN0 2277 1500000 PRN SOLE 1500000 0 0 UAL CORP NOTE 6.000%10/1 902549AJ3 40072 16897000 PRN SOLE 16897000 0 0