13F-HR 1 fp0000483_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: December 31, 2008 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: 145 East 57th Street, 10th Floor New York, NY 10022 13F File Number: 28-12232 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 February 12, 2008 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: 1 Form 13F Information Table Entry Total: 64 Form 13F Information Table Value Total: $91,233 (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. 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 OTHER ------------------------------- -------------- --------- ---------- --------- ----- ---- ---------- -------- -------- ------ ----- ALTRIA GROUP, INC. COM 02209S103 301 20,000 SH SOLE 20,000 AMBASSADORS INTERNATIONAL INC COM 023178106 511 776,709 SH SOLE 776,709 AMERICAN EXPRESS CO COM 025816109 3,076 165,845 SH SOLE 165,845 AMERICAN EXPRESS CO. CALL 0JP992034 1,478 79,700 SH CALL SOLE 79,700 AMERICAN ORIENTAL BIOENGINEERING, INC. COM 028731107 188 27,700 SH OTHER 1 27,700 ANNALY MORTGAGE MANAGEMENT INC. COM 035710409 427 26,900 SH OTHER 1 26,900 ATLAS AMERICA, INC. COM 049167109 2,079 140,000 SH SOLE 140,000 ATLAS PIPELINE PARTNERS, L.P. COM 049392103 61 10,133 SH SOLE 10,133 BARNES & NOBLE, INC COM 067774109 2,016 134,406 SH SOLE 134,406 BERKSHIRE HATHAWAY INC CL A 084670108 5,120 53 SH SOLE 53 BERKSHIRE HATHAWAY INC. CL B 084670207 3,931 1,223 SH SOLE 1,223 BLACKROCK ENHANCED CAPITAL AND INCOME COM 09256A109 147 13,144 SH SOLE 13,144 BLOCKBUSTER INC CL B 093679207 262 403,016 SH SOLE 403,016 BORDERS GROUP INC COM 099709107 475 1,187,603 SH SOLE 1,187,603 BOULDER GROWTH & INCOME FD INC COM 101507101 80 17,200 SH SOLE 17,200 BROADRIDGE FINANCIAL SOLUTIONS INC. COM 11133T103 1,923 153,385 SH SOLE 153,385 CHESAPEAKE ENERGY CORPORATION COM 165167107 201 12,400 SH OTHER 1 12,400 CISCO SYSTEMS, INC. COM 17275R102 246 15,100 SH OTHER 1 15,100 CONTANGO OIL & GAS COMPANY COM 21075N204 1,671 29,684 SH SOLE 29,684 CROSSTEX ENERGY LP COM 22765U102 1,684 385,368 SH SOLE 385,368 CROSSTEX ENERGY, INC COM 22765Y104 3,354 860,102 SH SOLE 860,102 DELIA*S, INC. COM 246911101 6,298 2,862,997 SH SOLE 2,862,997 DR PEPPER SNAPPLE GROUP, INC. COM 26138E109 1,056 65,000 SH SOLE 65,000 EBAY INC. COM 278642103 276 19,800 SH OTHER 1 19,800 ECHOSTAR CORPORATION COM 278768106 4,878 328,063 SH SOLE 328,063 EMC CORPORATION COM 268648102 282 26,900 SH OTHER 1 26,900 EMC CORPORATION MASS COM 268648102 224 21,368 SH SOLE 21,368 EQUITY MEDIA HOLDINGS CORPORATION *W EXP 8/26/2009 294725114 1 898,800 SH SOLE 898,800 FAIRFAX FINANCIAL HOLDINGS LIMITED SUB VTG 303901102 313 1,000 SH OTHER 1 1,000 FAIRFAX FINANCIAL HOLDINGS LIMITED SUB VTG 303901102 2,719 8,675 SH SOLE 8,675 FANNIE MAE COMMON STOCK COM 313586109 114 150,000 SH SOLE 150,000 FIFTH STREET FINANCE CORPORATION COM 31678A103 100 13,300 SH OTHER 1 13,300 FOOTSTAR INC. COM 344912209 148 50,000 SH SOLE 50,000 GHL ACQUISITION CORP CORP *W EXP 2/14/2013 36172H116 386 1,928,300 SH SOLE 1,928,300 GLG PARTNERS, INC. *W EXP 12/28/201 37929X115 3 77,500 SH SOLE 77,500 HELIX ENERGY SOLUTIONS GROUP INC. COM 42330P107 1,600 220,924 SH SOLE 220,924 HICKS ACQUISITION CO *W EXP 9/28/201 429086127 66 1,298,390 SH SOLE 1,298,390 HUNTSMAN CORPORATION COM 447011107 6,930 2,014,605 SH SOLE 2,014,605 JOHNSON & JOHNSON CALL 4JM99A027 185 3,100 SH CALL SOLE 3,100 JOHNSON & JOHNSON COM 478160104 1,247 20,843 SH SOLE 20,843 LENNAR CORP CL B 526057302 482 74,400 SH SOLE 74,400 LIBERTY ACQUISITION HOLDINGS *W EXP 12/12/201 53015Y115 417 1,105,953 SH SOLE 1,105,953 LINN ENERGY LLC UNIT LTD LIAB 536020100 159 10,600 SH OTHER 1 10,600 LOJACK CORPORATION COM 539451104 42 10,300 SH OTHER 1 10,300 MC DONALDS CORP CALL 580135101 2,245 36,100 SH CALL SOLE 36,100 ODYSSEY RE HOLDINGS CORP. COM 67612W108 238 4,600 SH OTHER 1 4,600 ODYSSEY RE HOLDINGS CORP. COM 67612W108 2,226 42,967 SH SOLE 42,967 PHOTOCHANNEL NETWORKS INC. COM 719316200 44 36,663 SH SOLE 36,663 PICO HOLDINGS, INC. COM NEW 693366205 287 10,800 SH OTHER 1 10,800 PREMIER EXHIBITIONS INC COM 74051E102 18 16,000 SH SOLE 16,000 PROLIANCE INTERNATIONAL, INC. COM 74340R104 40 111,637 SH SOLE 111,637 PROSPECT CAPITAL CORPORATION COM 74348T102 163 13,600 SH OTHER 1 13,600 RESOURCE AMERICA INC CL A 761195205 4,527 1,131,763 SH SOLE 1,131,763 SEABRIDGE GOLD INC. COM 811916105 179 13,700 SH OTHER 1 13,700 SUMMER INFANT INC COM 865646103 214 99,500 SH SOLE 99,500 SYNERON MEDICAL LTD. COM M87245102 135 16,200 SH OTHER 1 16,200 TARGET CORPORATION COM 87612E106 1,919 55,592 SH SOLE 55,592 TRAVELCENTERS OF AMERICA LLC COM 894174101 720 299,864 SH SOLE 299,864 TRIAN ACQUISITION I CORP *W EXP 2/14/2013 89582E116 219 953,944 SH SOLE 953,944 WENDY'S/ARBY'S GROUP , INC. CL A 950587105 8,726 1,766,384 SH SOLE 1,766,384 WESCO FINANCIAL CORP. COM 950817106 743 2,578 SH SOLE 2,578 WEYCO GROUP INC COM 962149100 2,747 83,102 SH SOLE 83,102 WINN-DIXIE STORES, INC COM 974280307 7,413 460,457 SH SOLE 460,457 WINTHROP REALTY TRUST SH BEN INT 976391300 1,273 117,426 SH SOLE 117,426