13F-HR 1 fp0006449_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, 2012 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: Carnegie Hall Tower 152 West 57th Street, 46th Floor New York, NY 10019 Form 13F File Number: 028-12232 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: 212-277-5606 Signature, Place, and Date of Signing: /s/ Glenn Tongue New York, NY February 13, 2013 ---------------- ------------ ----------------- [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 ----------- Form 13F Information Table Entry Total: 68 ----------- Form 13F Information Table Value Total: $ 122,561 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] 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 NONE ------------------------------ ---------------- --------- ----------- ----------- --- ---- ---------- -------- --------- ------ ---- ACTIVISION BLIZZARD COM 00507V109 2,124 200,000 SH OTHER 1 200,000 0 0 ALLEGHANY CORP DEL COM 017175100 1,006 3,000 SH OTHER 1 3,000 0 0 AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 341 24,693 SH SOLE 24,693 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 8,633 244,562 SH SOLE 244,562 0 0 AMERICAN INTL GROUP INC COM NEW 026874784 872 24,700 SH CALL SOLE 24,700 0 0 APPLE INC COM 037833100 5,755 10,812 SH SOLE 10,812 0 0 APPLE INC COM 037833100 4,257 8,000 SH CALL SOLE 8,000 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 2,143 66,800 SH OTHER 1 66,800 0 0 ATLANTICUS HLDGS CORP COM 04914Y102 50 14,918 SH SOLE 14,918 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 9,013 100,475 SH SOLE 100,475 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,199 91,400 SH CALL SOLE 91,400 0 0 BIG LOTS INC COM 089302103 825 29,000 SH OTHER 1 29,000 0 0 BLUCORA INC COM 095229100 1,335 85,000 SH OTHER 1 85,000 0 0 BODY CENTRAL CORP COM 09689U102 1,295 130,000 SH OTHER 1 130,000 0 0 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,665 100,000 SH OTHER 1 100,000 0 0 BURGER KING WORLDWIDE INC COM 121220107 427 25,983 SH SOLE 25,983 0 0 BARNES & NOBLE INC COM 067774109 587 38,900 SH CALL SOLE 38,900 0 0 CANADIAN PAC RY LTD COM 13645T100 1,016 10,000 SH SOLE 10,000 0 0 CHESAPEAKE ENERGY CORP COM 165167107 230 13,845 SH SOLE 13,845 0 0 CITIGROUP INC COM NEW 172967424 4,244 107,272 SH SOLE 107,272 0 0 CLEARWIRE CORP NEW CL A 18538Q105 121 42,100 SH SOLE 42,100 0 0 COINSTAR INC COM 19259P300 2,601 50,000 SH OTHER 1 50,000 0 0 DELIA'S INC NEW COM 246911101 3,932 3,361,275 SH SOLE 3,361,275 0 0 E M C CORP MASS COM 268648102 1,898 75,000 SH OTHER 1 75,000 0 0 EXPRESS INC COM 30219E103 1,358 90,000 SH OTHER 1 90,000 0 0 FIFTH STREET FINANCE CORP COM 31678A103 1,393 133,700 SH OTHER 1 133,700 0 0 FIRST AMERN FINL CORP COM 31847R102 3,252 135,000 SH OTHER 1 135,000 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 4,227 33,139 SH SOLE 33,139 0 0 GRAMERCY CAP CORP COM 384871109 94 32,068 SH SOLE 32,068 0 0 HERBALIFE LTD COM USD SHS G4412G101 323 9,800 SH CALL SOLE 9,800 0 0 ICONIX BRAND GROUP INC COM 451055107 1,245 55,800 SH OTHER 1 55,800 0 0 INTERDIGITAL INC COM 45867G101 206 5,000 SH SOLE 5,000 0 0 IRIDIUM COMMUNICATIONS INC COM 46269C102 3,640 541,671 SH SOLE 541,671 0 0 IRIDIUM COMMUNICATIONS INC COM 46269C102 134 20,000 SH CALL SOLE 1 20,000 0 0 ISHARES TR RUSSELL 2000 464287655 2,041 22,400 SH CALL SOLE 22,400 0 0 PENNEY J C INC COM 708160106 885 44,899 SH SOLE 44,899 0 0 KOHLS CORP COM 500255104 1,504 35,000 SH OTHER 1 35,000 0 0 LEUCADIA NATL CORP COM 527288104 1,606 67,500 SH OTHER 1 67,500 0 0 MBIA INC COM 55262C100 527 67,200 SH SOLE 67,200 0 0 MFC INDL LTD COM 55278T105 573 67,000 SH OTHER 1 67,000 0 0 MICROSOFT CORP COM 594918104 820 30,700 SH CALL SOLE 30,700 0 0 MILLER INDS INC TENN COM NEW 600551204 1,144 75,000 SH OTHER 1 75,000 0 0 MITCHAM INDS INC COM 606501104 1,363 100,000 SH OTHER 1 100,000 0 0 NETFLIX INC COM 64110L106 4,672 50,460 SH SOLE 50,460 0 0 OCEAN SHORE HLDG CO NEW COM 67501R103 173 11,667 SH SOLE 11,667 0 0 PRIMUS TELECOMMUNICATIONS GR COM 741929301 939 86,347 SH SOLE 86,347 0 0 PROMOTORA DE INFORMACIONES S ADR CL A SHS 74343G204 443 375,710 SH SOLE 375,710 0 0 PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 1,777 1,676,125 SH SOLE 1,676,125 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 1,424 10,000 SH CALL SOLE 10,000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 2,222 15,600 SH PUT SOLE 15,600 0 0 READING INTERNATIONAL INC CL A 755408101 242 40,235 SH OTHER 1 40,235 0 0 RUBY TUESDAY INC COM 781182100 943 120,000 SH OTHER 1 120,000 0 0 SAFETY INS GROUP INC COM 78648T100 642 13,900 SH OTHER 1 13,900 0 0 SEARS HLDGS CORP COM 812350106 480 11,600 SH SOLE 11,600 0 0 SPARK NETWORKS INC COM 84651P100 1,621 207,849 SH SOLE 207,849 0 0 STAPLES INC COM 855030102 161 14,109 SH SOLE 14,109 0 0 TELULAR CORP COM NEW 87970T208 1,421 150,000 SH OTHER 1 150,000 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 739 45,000 SH OTHER 1 45,000 0 0 TETRA TECH INC NEW COM 88162G103 1,296 49,000 SH OTHER 1 49,000 0 0 HOWARD HUGHES CORP COM 44267D107 6,278 85,979 SH SOLE 85,979 0 0 VERISIGN INC COM 92343E102 726 18,700 SH SOLE 18,700 0 0 VONAGE HLDGS CORP COM 92886T201 912 385,000 SH OTHER 1 385,000 0 0 WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 321 32,115 SH SOLE 32,115 0 0 WESTELL TECHNOLOGIES INC CL A 957541105 319 172,500 SH OTHER 1 172,500 0 0 WESTERN DIGITAL CORP COM 958102105 2,656 62,500 SH OTHER 1 62,500 0 0 XPO LOGISTICS INC COM 983793100 487 28,000 SH OTHER 1 28,000 0 0 XPO LOGISTICS INC 10/01/17 4.5% CNVT NOTE 4.500%10/0 983793AA8 478 400,000 SH OTHER 1 400,000 0 0 YAHOO! INC COM 984332106 282 14,189 SH SOLE 14,189 0 0