13F-HR 1 fp0000739_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, 2009 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 May 13, 2009 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 ------------------------------- -------------- --------- ---------- --------- ----- ---- ---------- -------- -------- ------ ----- ALLIANCEBERNSTEIN HOLDING LP COM 01881G106 188 12,800 SH OTHER 1 12,800 ALLIED CAPITAL CORPORATION MUTUAL FUND COM 01903Q108 135 84,800 SH SOLE 84,800 AMBASSADORS INTERNATIONAL, INC. COM 023178106 283 780,253 SH SOLE 780,253 AMERICAN EXPRESS COMPANY COM 025816109 4,475 328,345 SH SOLE 328,345 ANNALY MORTGAGE MANAGEMENT INC. COM 035710409 347 25,000 SH OTHER 1 25,000 APPLE COMPUTER, INC. COM 037833100 273 2,600 SH OTHER 1 2,600 ATLAS AMERICA, INC. COM 049167109 1,164 133,000 SH SOLE 133,000 ATLAS PIPELINE PARTNERS, L.P. COM 049392103 40 10,133 SH SOLE 10,133 BERKSHIRE HATHAWAY INC CL A 084670108 1,127 13 SH SOLE 13 BERKSHIRE HATHAWAY INC. CL B 084670207 10,332 3,664 SH SOLE 3,664 BLACKROCK ENHANCED CAPITAL AND INCOME COM 09256A109 131 13,144 SH SOLE 13,144 BLOCKBUSTER INC. CL B 093679207 181 403,016 SH SOLE 403,016 BORDERS GROUP, INC COM 099709107 828 1,314,306 SH SOLE 1,314,306 BOULDER GROWTH & INCOME FD INC COM 101507101 68 17,200 SH SOLE 17,200 BROADRIDGE FINANCIAL SOLUTIONS IN COM 11133T103 1,916 102,985 SH SOLE 102,985 CHESAPEAKE ENERGY CORPORATION COM 165167107 247 14,500 SH OTHER 1 14,500 CHIPOTLE MEXICAN GRILL, INC. COM 169656105 275 4,600 SH OTHER 1 4,600 CISCO SYSTEMS, INC. COM 17275R102 319 19,000 SH OTHER 1 19,000 CONTANGO OIL & GAS COMPANY COM 21075N204 3,249 82,884 SH SOLE 82,884 COSTCO WHOLESALE CORPORATION COM 22160K105 357 7,700 SH OTHER 1 7,700 CROSSTEX ENERGY LP COM 22765U102 671 353,379 SH SOLE 353,379 CROSSTEX ENERGY, INC COM 22765Y104 1,888 1,151,206 SH SOLE 1,151,206 DELIA*S, INC. COM 246911101 4,788 2,865,397 SH SOLE 2,865,397 DOMINO'S PIZZA, INC. COM 25754A201 168 25,741 SH SOLE 25,741 DR PEPPER SNAPPLE GROUP, INC. COM 26138E109 868 51,300 SH SOLE 51,300 EBAY INC. COM 278642103 249 19,800 SH OTHER 1 19,800 ECHOSTAR CORPORATION COM 278768106 3,518 237,246 SH SOLE 237,246 EMC CORPORATION COM 268648102 245 21,500 SH OTHER 1 21,500 EMC CORPORATION MASS COM 268648102 191 16,768 SH SOLE 16,768 FAIRFAX FINANCIAL HLDGS LTD SUB VTG 303901102 717 2,753 SH SOLE 2,753 FANNIE MAE COMMON STOCK COM 313586109 105 150,000 SH SOLE 150,000 FIFTH STREET FINANCE CORPORATION COM 31678A103 164 21,200 SH OTHER 1 21,200 FOOTSTAR INC. COM 344912209 171 57,514 SH SOLE 57,514 GENERAL ELECTRIC CO COM 369604103 2,683 265,319 SH SOLE 265,319 GENERAL GROWTH PROPERTIES INC COM 370021107 1,186 1,669,320 SH SOLE 1,669,320 GHL ACQUISITION CORP CORP *W EXP 2/14/2013 36172H116 347 1,928,300 SH SOLE 1,928,300 GLG PARTNERS, INC. *W EXP 12/28/201 37929X115 10 69,183 SH SOLE 69,183 HECKMANN CORPORATION COM 422680108 61 12,700 SH OTHER 1 12,700 HELIX ENERGY SOLUTIONS GROUP INC. COM 42330P107 1,685 327,798 SH SOLE 327,798 HICKS ACQUISITION CO *W EXP 9/28/201 429086127 86 1,184,466 SH SOLE 1,184,466 HUNTSMAN CORPORATION COM 447011107 7,603 2,428,868 SH SOLE 2,428,868 KHD HUMBOLDT WEDAG INTERNATIONAL LTD. COM 482462108 69 10,000 SH OTHER 1 10,000 LABORATORY CORP OF AMER HLDGS COM 50540R409 310 5,300 SH OTHER 1 5,300 LENNAR CORP CL B 526057302 423 74,400 SH SOLE 74,400 LIBERTY ACQUISITION HOLDINGS *W EXP 12/12/201 53015Y115 298 1,105,953 SH SOLE 1,105,953 LINN ENERGY LLC UNIT LTD LIAB 536020100 313 21,000 SH OTHER 1 21,000 MBIA INC COM 55262C100 93 20,307 SH SOLE 20,307 MICROSOFT CORPORATION COM 594918104 250 13,600 SH OTHER 1 13,600 MICROSOFT CORPORATION COM 594918104 230 12,494 SH SOLE 12,494 MONTEREY GOURMET FOODS CO COM 612570101 17 14,274 SH SOLE 14,274 MVC CAPITAL INC. COM 553829102 88 10,500 SH OTHER 1 10,500 ODYSSEY RE HLDGS CORP COM 67612W108 432 11,367 SH SOLE 11,367 P.F. CHANG'S CHINA BISTRO, INC. COM 69333Y108 229 10,000 SH OTHER 1 10,000 PHOTOCHANNEL NETWORKS INC. COM 719316200 71 55,679 SH SOLE 55,679 PICO HOLDINGS, INC. COM 693366205 241 8,000 SH OTHER 1 8,000 PREMIER EXHIBITIONS INC COM 74051E102 11 16,000 SH SOLE 16,000 PROLIANCE INTL INC COM 74340R104 33 207,465 SH SOLE 207,465 PROSPECT CAPITAL CORPORATION COM 74348T102 192 22,500 SH OTHER 1 22,500 RESOURCE AMERICA INC CL A 761195205 4,598 1,149,905 SH SOLE 1,149,905 SEABRIDGE GOLD INC. COM 811916105 310 13,700 SH OTHER 1 13,700 SEARS CANADA INC. MISCEQTY 81234D109 292 19,407 SH SOLE 19,407 STARBUCKS CORPORATION COM 855244109 129 11,600 SH OTHER 1 11,600 SUMMER INFANT INC COM 865646103 178 99,500 SH SOLE 99,500 SYNERON MEDICAL LTD. COM M87245102 117 19,800 SH OTHER 1 19,800 TARGET CORPORATION COM 87612E106 1,909 55,492 SH SOLE 55,492 TRAVELCENTERS OF AMERICA LLC COM 894174101 547 298,864 SH SOLE 298,864 TRIAN ACQUISITION I CORP *W EXP 2/14/2013 89582E116 143 953,944 SH SOLE 953,944 WELLS FARGO & CO (NEW) COM 949746101 3,881 272,538 SH SOLE 272,538 WENDY'S/ARBY'S GROUP , INC. CL A 950587105 4,550 904,598 SH SOLE 904,598 WESCO FINANCIAL CORP. COM 950817106 1,545 5,599 SH SOLE 5,599 WEYCO GROUP INC COM 962149100 1,607 61,997 SH SOLE 61,997 WINN-DIXIE STORES, INC COM 974280307 4,438 464,170 SH SOLE 464,170 WINTHROP REALTY TRUST SH BEN INT 976391300 589 85,358 SH SOLE 85,358 YAHOO! INC. COM 984332106 271 21,140 SH OTHER 1 21,140