13F-HR 1 swift13f_093006.txt FORM 13F-HR 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, 2006 -------------------------------- 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: Swiftwater Capital Management, LP --------------------------------- Address: 856 South Pleasantburg Drive ---------------------------- Greenville, South Carolina 29607 -------------------------------- Form 13F File Number: 28-__________ 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: Stephen A. DePiero ------------------ Title: Chief Financial Officer ----------------------- Phone: (864) 990-3233 -------------- Signature, Place, and Date of Signing: /s/ STEPHEN A. DEPIERO Greenville, SC November 10, 2006 ------------------------------ ------------------------ -------------------- [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 28- ----------------- --------------------------------------- [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------------------- Form 13F Information Table Entry Total: 48 --------------------------- Form 13F Information Table Value Total: $142,682 --------------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(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 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 -------------- -------------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- ~~BROCADE~~AMERICAN ~~COMMUNICATIONS~~INTL ~~SYS~~GROUP IINC COM ~~111621108~~026874107 ~~5133~~875 ~~768389~~13200 SH SOLE ~~768389~~13200 ~~CONTINENTAL~~AMERICAN ~~AIRLS~~INTL GROUP INC CLCOM B026874107 ~~210795308~~2498 ~~6147~~37700 ~~228524~~SH CALL SOLE 0 ARQULE INC COM 04269E107 317 75300 SH SOLE ~~228524~~75300 ~~CBS~~BERKSHIRE ~~CORP~~HATHAWAY ~~NEW~~INC DEL CL B ~~124857202~~084670207 ~~4556~~1130 ~~190000~~356 SH SOLE ~~190000~~356 BKF CAP GROUP INC COM 05548G102 283 72500 SH SOLE 72500 CITIGROUP INC COM 172967101 30070 605400 SH CALL SOLE 0 COTHERIX INC COM 22163T103 431 61000 SH SOLE 61000 CV THERAPEUTICS INC COM 126667104 ~~12583~~754 ~~569881~~67698 SH SOLE ~~577881~~67698 ~~CYTOKINETICS~~DELL INC COM ~~23282W100~~24702R101 ~~1295~~1845 ~~177586~~80800 SH SOLE ~~177586~~80800 ~~DOW~~DISCOVERY ~~CHEM~~HOLDING CO CL A COM ~~260543103~~25468Y107 ~~3938~~549 ~~97000~~38000 SH SOLE ~~97000~~38000 DISCOVERY ~~LABORATORIES~~HOLDING ~~INC~~CO NCL A COM ~~254668106~~25468Y107 ~~1374~~723 ~~187411~~50000 SH CALL SOLE ~~187411~~0 DYNAVAX TECHNOLOGIES CORP COM 268158102 104 24188 SH SOLE 24188 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 ~~3596~~652 ~~110485~~18500 SH SOLE ~~110485~~18500 1GENVEC ~~800~~INC ~~FLOWERS~~ COM CL37246C109 A128 ~~68243Q106~~114000 ~~1991 280479~~ SH SOLE ~~280479~~114000 ~~GENITOPE~~HOME ~~CORP~~DEPOT INC COM ~~37229P507~~437076102 ~~711~~715 ~~81750~~19700 SH SOLE ~~81750~~19700 ~~LEAR~~HOME ~~CORP~~DEPOT INC COM ~~521865105~~437076102 ~~1950~~13768 ~~110000~~379600 SH CALL SOLE ~~110000~~0 ~~LAWSON~~INSPIRE ~~SOFTWARE~~PHARMACEUTICALS INC COM ~~520780107~~457733103 ~~5183~~255 ~~675746~~50100 SH SOLE ~~675746~~50100 ~~MRV~~IRSA ~~COMMUNICATIONS~~INVERSIONES ~~INC~~Y ~~COM~~REP ~~553477100~~S ~~1812~~A ~~442000~~GLOBL DEP RCPT 450047204 614 48500 SH SOLE ~~442000~~48500 ~~NEOPHARM~~LAWSON SOFTWARE INC NEW COM ~~640919106~~52078P102 ~~2006~~684 ~~240000~~94311 SH SOLE ~~210000~~94311 ~~NOKIA~~LIBERTY MEDIA HLDG CORP ~~SPONSORED~~INT ~~ADR~~COM ~~654902204~~SER ~~11503~~A ~~555179~~53071M104 713 35000 SH SOLE ~~555179~~35000 ~~NPS~~MEDTRONIC INC COM 585055106 1361 29300 SH CALL SOLE 0 MOMENTA PHARMACEUTICALS INC COM ~~62936P103~~60877T100 ~~1751~~319 ~~205000~~23600 SH SOLE ~~205000~~23600 ~~OVERSTOCK~~MRV ~~COM~~COMMUNICATIONS INC ~~DEL~~ COM ~~690370101~~553477100 ~~2237~~533 ~~75000~~192950 SH SOLE ~~75000~~192950 ~~PFIZER~~NASTECH PHARMACEUTICAL INC COM ~~717081103~~PAR ~~8161~~$0.006 ~~327500~~631728409 195 12800 SH SOLE ~~327500~~12800 ~~PINNACLE~~NATIONAL ~~AIRL~~ATLANTIC HLDGS CORP COM ~~723443107~~63253Y107 ~~3141~~782 ~~471585~~68300 SH SOLE ~~471585~~68300 ~~SPRINT~~NEOPHARM ~~NEXTEL~~INC ~~CORP~~COM 640919106 669 138000 SH SOLE 138000 NEVADA GOLD & CASINOS INC COM ~~FON~~NEW ~~852061100~~64126Q206 ~~9574~~386 ~~370500~~80000 SH SOLE ~~370500~~80000 ~~SAKS~~NGP ~~INC~~CAP RES CO COM ~~79377W108~~62912R107 ~~8492~~350 ~~440000~~24000 SH SOLE ~~440000~~24000 ~~SANOFI~~NOKIA ~~AVENTIS~~CORP SPONSORED ADR ~~80105N105~~654902204 ~~7436~~601 ~~156704~~30500 SH SOLE ~~156704~~30500 STNOKIA ~~PAUL~~CORP ~~TRAVELERS~~SPONSORED ADR 654902204 5397 274100 SH CALL SOLE 0 NPS PHARMACEUTICALS INC COM ~~792860108~~62936P103 ~~6721~~290 ~~160829~~76000 SH SOLE ~~160829~~76000 ~~SKYWORKS~~OXIGENE ~~SOLUTIONS~~ INC COM ~~83088M102~~691828107 ~~2625~~364 ~~387216~~93050 SH SOLE ~~307216~~93050 ~~TYCO~~PFIZER ~~INTL~~INC ~~LTD~~COM ~~NEW~~717081103 17935 632400 SH CALL SOLE 0 PHARMION CORP COM ~~902124106~~71715B409 ~~6328~~261 ~~235400~~12100 SH SOLE ~~235400~~12100 ~~VERIZON~~PINNACLE ~~COMMUNICATIONS~~AIRL CORP COM ~~92343V104~~723443107 ~~12262~~1652 ~~360000~~223000 SH SOLE ~~360000~~223000 ~~WEBMETHODS~~SCICLONE PHARMACEUTICALS INC COM ~~94768C108~~80862K104 ~~8987~~136 ~~1067355~~58440 SH SOLE ~~1067355~~58440 ~~WAL~~SPECTRUM ~~MART~~PHARMACEUTICALS ~~STORES~~ INC COM ~~931142103~~84763A108 ~~7322~~316 ~~155000~~60300 SH SOLE ~~155000~~60300 ~~CITIGROUP~~SPRINT ~~INC~~NEXTEL CORP COM ~~172967101~~FON ~~28338~~852061100 ~~600000~~2610 152200 SH ~~CALL~~ SOLE 0152200 ~~CBS~~SPRINT NEXTEL CORP ~~NEW~~COM CLFON B852061100 ~~124857202~~17180 ~~2638~~1001700 ~~110000~~ SH CALL SOLE 0 JPST ~~MORGAN~~PAUL ~~CHASE~~TRAVELERS &INC CO COM ~~46625H100~~792860108 ~~41956~~399 ~~1007600~~8500 SH ~~CALL~~ SOLE 08500 ~~NOKIA~~SUNTERRA CORP ~~SPONSORED~~COM ~~ADR~~NEW ~~654902204~~86787D208 ~~38862~~239 ~~1875600~~21100 SH ~~CALL~~ SOLE 021100 ~~PFIZER~~TIME WARNER INC COM ~~717081103~~887317105 ~~56087~~1823 ~~2250700~~100000 SH CALL SOLE 0 ~~SPRINT~~TYCO ~~NEXTEL~~INTL ~~CORP~~LTD NEW COM ~~FON~~902124106 ~~852061100~~1303 ~~11158~~46563 ~~431800~~SH SOLE 46563 TYCO INTL LTD NEW COM 902124106 2253 80500 SH CALL SOLE 0 UAL CORP COM NEW 902549807 717 27000 SH SOLE 27000 VERIZON COMMUNICATIONS COM 92343V104 ~~47865~~7407 ~~1405300~~199500 SH CALL SOLE 0 VIACOM INC NEW CL B 92553P201 3175 85400 SH CALL SOLE 0 WAL MART STORES INC COM 931142103 ~~43177~~16921 ~~914000~~343100 SH CALL SOLE 0

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