13F-HR 1 swift13f_123106.txt 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: December 31, 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 February 6, 2007 ------------------------------ ------------------------ -------------------- [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: 47 --------------------------- Form 13F Information Table Value Total: $141,334 --------------------------- (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 -------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ ------ ---- ~~AMERICAN~~ACUSPHERE ~~INTL GROUP~~ INC COM ~~026874107~~00511R870 ~~875~~553 ~~13200~~226500 SH SOLE ~~13200~~226500 AMERICAN INTL GROUP INC COM 026874107 ~~2498~~774 ~~37700~~10800 SH ~~CALL~~ SOLE 010800 ARQULE INC COM 04269E107 ~~317~~355 ~~75300~~60000 SH SOLE ~~75300~~60000 ASPREVA PHARMACEUTICALS CORP COM 04538T109 1016 49500 SH SOLE 49500 AVI BIOPHARMA INC COM 002346104 611 192000 SH SOLE 192000 BERKSHIRE HATHAWAY INC DEL CL B 084670207 ~~1130~~1305 356 SH SOLE 356 ~~BKF~~BOFI ~~CAP~~HLDG ~~GROUP~~ INC COM ~~05548G102~~05566U108 ~~283~~272 ~~72500~~39186 SH SOLE ~~72500~~39186 ~~CITIGROUP~~BOSTON ~~INC~~SCIENTIFIC CORP COM ~~172967101~~101137107 ~~30070~~953 ~~605400~~55500 SH ~~CALL~~ SOLE 055500 ~~COTHERIX~~CAVALIER HOMES INC COM ~~22163T103~~149507105 ~~431~~146 ~~61000~~35000 SH SOLE ~~61000~~35000 CVCELL ~~THERAPEUTICS~~GENESYS INC COM ~~126667104~~150921104 ~~754~~434 ~~67698~~128000 SH SOLE ~~67698~~128000 ~~DELL~~CHESAPEAKE ~~INC~~ENERGY CORP COM ~~24702R101~~165167107 ~~1845~~581 ~~80800~~20000 SH SOLE ~~80800~~20000 ~~DISCOVERY~~CITIGROUP ~~HOLDING~~INC COCOM CL172967101 A2947 52900 SH CALL SOLE 0 COTHERIX INC COM ~~25468Y107~~22163T103 ~~549~~432 ~~38000~~32000 SH SOLE ~~38000~~32000 ~~DISCOVERY~~CV ~~HOLDING~~THERAPEUTICS COINC ~~CL A~~ COM ~~25468Y107~~126667104 ~~723~~377 ~~50000~~27000 SH ~~CALL~~ SOLE 027000 ~~DYNAVAX~~DISCOVERY ~~TECHNOLOGIES~~HOLDING ~~CORP~~CO CL A COM ~~268158102~~25468Y107 ~~104~~611 ~~24188~~38000 SH SOLE ~~24188~~38000 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 ~~652~~366 ~~18500~~10000 SH SOLE ~~18500~~10000 GENVEC INC COM 37246C109 ~~128~~370 ~~114000~~154000 SH SOLE ~~114000~~154000 HOME DEPOT INC COM 437076102 ~~715~~27316 ~~19700~~680200 SH ~~SOLE 19700 HOME DEPOT INC COM 437076102 13768 379600 SH~~ CALL SOLE 0 ~~INSPIRE~~IDENIX PHARMACEUTICALS INC COM ~~457733103~~45166R204 ~~255~~522 ~~50100~~60100 SH SOLE ~~50100~~60100 IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 ~~614~~820 48500 SH SOLE 48500 I-TRAX INC COM NEW 45069D203 547 176600 SH SOLE 176600 LAWSON SOFTWARE INC NEW COM 52078P102 ~~684~~333 ~~94311~~45000 SH SOLE ~~94311~~45000 ~~LIBERTY~~LEARNING ~~MEDIA~~TREE ~~HLDG~~INTL ~~CORP~~INC ~~INT~~ COM ~~SER~~522015106 A340 ~~53071M104~~38297 ~~713 35000~~ SH SOLE ~~35000~~38297 ~~MEDTRONIC~~LESCO INC OHIO COM ~~585055106~~526872106 ~~1361~~729 ~~29300~~84328 SH ~~CALL~~ SOLE 084328 ~~MOMENTA~~LIBERTY ~~PHARMACEUTICALS~~MEDIA ~~INC~~HLDG CORP INT COM ~~60877T100~~SER ~~319~~A ~~23600~~53071M104 593 27500 SH SOLE ~~23600~~27500 ~~MRV~~MOMENTA ~~COMMUNICATIONS~~PHARMACEUTICALS INC COM ~~553477100~~60877T100 ~~533~~371 ~~192950~~23600 SH SOLE ~~192950~~23600 ~~NASTECH~~MRV ~~PHARMACEUTICAL~~COMMUNICATIONS INC COM ~~PAR~~553477100 ~~$0.006~~478 ~~631728409~~135000 ~~195 12800~~ SH SOLE ~~12800~~135000 NATIONAL ATLANTIC HLDGS CORP COM 63253Y107 ~~782~~482 ~~68300~~41300 SH SOLE ~~68300~~41300 ~~NEOPHARM INC COM 640919106 669 138000 SH SOLE 138000~~ NEVADA GOLD & CASINOS INC COM NEW 64126Q206 ~~386~~591 ~~80000~~156000 SH SOLE ~~80000~~156000 NGP CAP RES CO COM 62912R107 ~~350~~402 24000 SH SOLE 24000 NICHOLAS FINANCIAL INC COM NEW 65373J209 124 10494 SH SOLE 10494 NOKIA CORP SPONSORED ADR 654902204 ~~601~~803 ~~30500~~39500 SH SOLE ~~30500~~39500 NOKIA CORP SPONSORED ADR 654902204 ~~5397~~9329 ~~274100~~459100 SH CALL SOLE 0 NPS PHARMACEUTICALS INC COM 62936P103 ~~290~~227 ~~76000~~50000 SH SOLE ~~76000~~50000 NUVELO INC COM NEW 67072M301 260 65000 SH SOLE 65000 OXIGENE INC COM 691828107 ~~364~~539 ~~93050~~112200 SH SOLE ~~93050~~112200 PFIZER INC COM 717081103 ~~17935~~6667 ~~632400~~257400 SH CALL SOLE 0 PHARMION CORP COM 71715B409 ~~261~~311 12100 SH SOLE 12100 PINNACLE AIRL CORP COM 723443107 ~~1652~~1668 ~~223000~~99019 SH SOLE ~~223000~~99019 SCICLONE PHARMACEUTICALS INC COM 80862K104 ~~136~~188 58440 SH SOLE 58440 SPECTRUM PHARMACEUTICALS INC COM 84763A108 ~~316~~376 ~~60300~~68000 SH SOLE ~~60300~~68000 SPRINT NEXTEL CORP COM FON 852061100 ~~2610~~1039 ~~152200~~55000 SH SOLE ~~152200~~55000 SPRINT NEXTEL CORP COM FON 852061100 ~~17180~~14940 ~~1001700~~790800 SH CALL SOLE 0 ~~ST PAUL TRAVELERS INC COM 792860108 399 8500 SH SOLE 8500 SUNTERRA CORP COM NEW 86787D208 239 21100 SH SOLE 21100 TIME WARNER INC COM 887317105 1823 100000 SH CALL SOLE 0~~ TYCO INTL LTD NEW COM 902124106 ~~1303~~866 ~~46563~~28500 SH SOLE ~~46563~~28500 TYCO INTL LTD NEW COM 902124106 ~~2253~~2447 80500 SH CALL SOLE 0 ~~UAL~~WAL ~~CORP~~MART ~~COM~~STORES ~~NEW~~INC ~~902549807 717 27000 SH SOLE 27000 VERIZON COMMUNICATIONS~~ COM ~~92343V104~~931142103 ~~7407~~54752 ~~199500~~1185600 SH CALL SOLE 0 ~~VIACOM~~WASHINGTON ~~INC~~POST ~~NEW~~CO CL B ~~92553P201~~939640108 ~~3175~~1171 ~~85400~~1570 SH ~~CALL~~ SOLE ~~0 WAL MART STORES INC COM 931142103 16921 343100 SH CALL SOLE 0~~1570

Filing Compare · Swiftwater Capital Management, LP