13F-HR 1 d24536e13fvhr.txt FORM 13F-HOLDINGS REPORT ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0006 Expires: December 31, 2006 Estimated average burden hours per response...............22.8 ------------------------------- 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, 2005 -------------- 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: Fountainhead Partners, L.P. ---------------------------- Address: 2201 E. Lamar, Ste. 260 ---------------------------- Arlington, TX 76006 ---------------------------- ---------------------------- Form 13F File Number: 28-10642 -------- 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: L. Scott Rand ------------------------- Title: Chief Investment Officer ------------------------- Phone: 817-649-2100 ------------------------- Signature, Place, and Date of Signing: L. Scott Rand Arlington, TX April 22, 2005 ------------------- ------------- -------------- [Signature] [City] [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: 29 ---------- Form 13F Information Table Value Total: 131,322 ---------- (thousands) List of Other Included Managers Provide a number 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 FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------------------------------------------------------------------------- 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 -------------- -------------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ----------------------------------------------- Adaptec Inc NOTE 0.75750% 12/~~22/~~2023 00651FAG3 2,~~862~~436 3,000,000 PRN SOLE N/A 3,000,000 Allied Waste Industries SDCV 4.25% 4/15/2034 019589AD2 1,~~327~~251 1,500,000 PRN SOLE N/A 1,500,000 Atmel Corp COMMON 049513104 23,~~783~~024 ~~710~~1,025,000 SH SOLE N/A ~~710~~1,025,000 ~~Brocade~~Brinker ~~Systems~~Intl ~~NOTE~~Inc. 2%COMMON ~~1/1/07~~109641100 ~~111621AB4 5~~1,~~700~~449 640,000~~,000~~ ~~PRN~~SH SOLE N/A 640,000~~,000~~ Brocade Systems ~~COMMON~~NOTE ~~111621108~~ 2% 1/2007 111621AB4 5,~~388~~700 ~~312~~6,~~600~~000,000 SHPRN SOLE N/A ~~312~~6,~~600~~000,000 Calpine Corp. COMMON 131347106 ~~694~~493 176,100 SH SOLE N/A 176,100 Celestica Inc ~~COMMON~~NOTE ~~15101Q108~~8/2020 515101QAA6 20,~~291~~473 ~~375~~36,314,000 SHPRN SOLE N/A ~~375~~36,314,000 Comverse Technology DBCV 1.5% 12/1/2005 205862AJ4 417,~~469~~968 418,~~560~~335,000 PRN SOLE N/A 418,~~560~~335,000 Culp Inc COMMON 230215105 3,~~560~~835 ~~525~~650,000 SH SOLE N/A ~~525~~650,000 Department 56 COMMON 249509100 78,~~914~~709 ~~475~~498,~~300~~800 SH SOLE N/A ~~475~~498,~~300~~800 Extreme Networks NOTE 3.5500% 12/1/2006 30226DAB2 1,~~468~~463 1,500,000 PRN SOLE N/A 1,500,000 ~~Foundry~~Fairmont ~~Networks~~Hotels Resorts Inc COMMON ~~35063R100~~305204109 41,~~803~~360 ~~365~~41,~~000~~050 SH SOLE N/A ~~365~~41,~~000~~050 ~~Freescale~~Foundry ~~Semiconductor~~Networks Inc. COMMON ~~35687M107~~35063R100 ~~3,564~~891 ~~200~~90,000 SH SOLE N/A ~~200~~90,000 ~~Gap~~Freescale ~~Stores~~Semiconductor ~~NOTE 5~~Inc.~~75%~~ ~~3/15/2009~~COMMON ~~364760AJ7~~35687M107 96,~~975~~102 7360,~~500,~~000 ~~PRN~~SH SOLE N/A 7360,~~500,~~000 Griffon Corp NOTE 4% 7/~~18/~~2023 398433AC6 1,~~993~~687 1,500,000 PRN SOLE N/A 1,500,000 International Rectifier Corp NOTE 4.25% 7/~~15/~~2007 460254AE5 3,~~980~~931 4,000,000 PRN SOLE N/A 4,000,000 Invitrogen Corp NOTE 2.25% 12/~~15/~~2006 46185RAD2 ~~1,002~~983 1,000,000 PRN SOLE N/A 1,000,000 Leapfrog COMMON 52186N106 2,~~515~~763 ~~184~~243,~~900~~400 SH SOLE N/A ~~184~~243,~~900~~400 Lennar Corp COMMON 526057302 16,683 316,500 SH SOLE N/A 316,500 Maxtor Corp NOTE 6.8% 4/~~30/10~~2010 577729AC0 ~~506~~487 500,000 PRN SOLE N/A 500,000 Men's Wearhouse NOTE 3.125% 10/15/2023 587118AC4 89,~~990~~828 8,750,000 PRN SOLE N/A 8,750,000 Mercury Interactive Corp NOTE 4.75% 7/1/2007 589405AB5 ~~1,014~~996 1,004,000 PRN SOLE N/A 1,004,000 Meristar Hospitality Corp NOTE 9.5% 4/1/2010 58984YAJ2 1,~~564~~391 1,200,000 PRN SOLE N/A 1,200,000 ~~Pfizer Inv COMMON 717081103 2,017 75,000 SH SOLE N/A 75,000 Pfizer Inv CALL 717081903 349 2,250 CALL SOLE N/A 2,250 PMC-Sierra Inc NOTE 3.75% 8/15/2006 69344FAB2 6,446 6,351,000 PRN SOLE N/A 6,351,000~~ Quantum Corp NOTE 4.375% 8/1/2010 747906AE5 8,~~715~~845 9,000,000 PRN SOLE N/A 9,000,000 RF Micro Devices NOTE 1.5% 7/1/2010 749941AE0 43,~~552~~740 4,000,000 PRN SOLE N/A 4,000,000 Sanmina SCI Corp COMMON 800907107 21,~~668~~984 ~~315~~380,000 SH SOLE N/A ~~315~~380,000 Sanmina SCI Corp SDCV 9/2020 800907AD9 1,987 3,670,000 PRN SOLE N/A 3,670,000 Skechers USA Inc NOTE 4.50% 4/~~15/~~2007 830566AB1 494 500,000 PRN SOLE N/A 500,000 ~~Toys~~Solectron ~~R Us~~ COMMON ~~892335100~~834182107 ~~4,462~~369 ~~218~~106,~~000~~300 SH SOLE N/A ~~218~~106,~~000~~300

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