13F-HR 1 d19423e13fvhr.txt 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: September 30, 2004 ------------------ 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 ------------------------------- From 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 October 25, 2004 ----------------------------- ---------------------- --------------------- [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: 34 ----------- Form 13F Information Table Value Total: 120,429 ----------- (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 ~~8 COLUMN~~ 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 ~~VOTING~~COLUMN ~~AUTHORITY~~8 ------------------------------------------------------------------------------------------------------------------------------------ ~~NAME OF TITLE OF~~ 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 ------------------------------------------------------------------------------------------------------------------------------------ ~~Action~~Adaptec ~~Performance~~Inc ~~COMMON~~NOTE ~~004933107~~.75% ~~752~~00651FAG3 492,~~900~~880 SH3,000,000 PRN SOLE N/A 493,~~900~~000,000 ~~Adaptec Inc NOTE .75%~~ 12/22/23 ~~00651FAF5~~Altria 6COMMON 02209S103 5,~~857~~880 7125,000~~,000~~ ~~PRN~~SH SOLE N/A 7125,000~~,000~~ ~~Allete~~Atmel ~~Inc~~Corp COMMON ~~018522102~~049513104 52,~~828~~208 ~~175~~610,000 SH SOLE N/A ~~175~~610,000 Barnes & Noble COMMON 067774109 98,~~814~~140 ~~288~~220,~~803~~000 SH SOLE N/A ~~288~~220,~~803~~000 Blockbuster Share B COMMON 093679207 1,436 200,000 SH SOLE N/A 200,000 Brinker International Inc COMMON 109641100 ~~1,024~~935 30,000 SH SOLE N/A 30,000 Brocade Systems NOTE 2% ~~1/1/07~~ 111621AB4 5,~~453~~618 6,000,000 PRN SOLE N/A 6,000,000 1/1/07 Brocade Systems COMMON 111621108 1,780 315,100 SH SOLE N/A 315,100 California Pizza Kitchen Inc COMMON 13054D109 ~~975~~546 5025,~~900~~000 SH SOLE N/A 5025,~~900~~000 Calpine Corp COMMON 131347106 1,574 542,700 SH SOLE N/A 542,700 Celestica Inc COMMON 15101Q108 4,763 375,000 SH SOLE N/A 375,000 Comverse Technology DBCV 1.5% ~~12/1/2005~~ 205862AJ4 4,~~410~~411 4,500,000 PRN SOLE N/A 4,500,000 12/1/2005 Culp Inc COMMON 230215105 13,~~383~~486 ~~177~~474,~~700~~300 SH SOLE N/A ~~177~~474,~~700~~300 Department 56 COMMON 249509100 47,~~411~~932 ~~286~~486,~~400~~600 SH SOLE N/A ~~286~~486,~~400~~600 ~~Eastman~~Extreme ~~Kodak~~Networks Co NOTE 3.~~375~~5% ~~10/15/2033~~30226DAB2 ~~2774618X0 3~~1,~~313~~470 31,~~000~~500,000 PRN SOLE N/A 31,~~000~~500,000 ~~Extreme Networks NOTE 3.5%~~ 12/1/2006 ~~30226DAB2~~Foundry 1Networks Inc COMMON 35063R100 3,~~433~~464 1365,~~500,~~000 ~~PRN~~SH SOLE N/A 1365,~~500,~~000 Gap Stores ~~NOTE~~COMMON ~~5.75%~~364760108 ~~3/15/09 364760AJ7 8~~7,~~563~~647 5410,~~500,~~000 ~~PRN~~SH SOLE N/A 5410,~~500,~~000 Gap Stores NOTE 5.75% ~~3/15/09~~364760AJ7 ~~364760AH1 3~~9,~~114~~179 27,~~000~~500,000 PRN SOLE N/A 27,~~000~~500,000 3/15/09 Genesco SDCV 4.125% ~~6/15/2023~~ 371532AN2 ~~646~~1,941 1,500,000 PRN SOLE N/A 1,500,000 ~~Genesco SDCV 4.125%~~ 6/15/2023 ~~371532AM4 6,461 5,000,000 PRN SOLE N/A 5,000,000~~ Griffon Corp NOTE 4% ~~7/18/2023~~ 398433AC6 1,~~770~~723 1,500,000 PRN SOLE N/A 1,500,000 7/18/2023 International Rectifier Corp NOTE 4.25% ~~7/15/07~~ 460254AE5 3,~~910~~934 4,000,000 PRN SOLE N/A 4,000,000 7/15/07 Invitrogen Corp NOTE 2.25% ~~12/15/2006~~ 46185RAD2 ~~1,044~~981 1,000,000 PRN SOLE N/A 1,000,000 ~~Mandalay Resort Group COMMON 562567107 6,864 100,000 SH SOLE N~~12/A15/2006 ~~100,000~~ Maxtor Corp NOTE 6.8% ~~4/30/10~~ 577729AC0 ~~533~~505 500,000 PRN SOLE N/A 500,000 ~~Mercury~~4/30/10 ~~Interactive~~Men's ~~Corp~~Wearhouse NOTE 43.75125% ~~7/1/07~~587118AC4 ~~589405AB5~~8,799 ~~988 1~~8,~~000~~750,000 PRN SOLE N/A 18,~~000~~750,000 ~~Network~~10/15/2023 ~~Associates~~Mercury Interactive Corp NOTE 54.2575% ~~8/15/06~~589405AB5 ~~64123LAB7~~999 71,~~440 7~~004,000~~,000~~ PRN SOLE N/A 71,~~000~~004,000 ~~PMC-Sierra~~7/1/07 ~~Inc~~Meristar Hospitality Corp NOTE 39.755% ~~8/15/06~~58984YAJ2 ~~69344FAB2 5~~1,~~985~~364 61,~~000~~200,000 PRN SOLE N/A 61,~~000~~200,000 RF4/1/2010 ~~Micro~~Meristar ~~Devices~~Hospitality ~~NOTE~~Corp ~~3.75%~~COMMON ~~8/15/2005~~58984Y103 ~~749941AB6~~ 1,~~634~~299 1238,~~642,000~~400 ~~PRN~~SH SOLE N/A 1238,~~642,000~~400 RFPMC-Sierra ~~Micro~~Inc ~~Devices~~ NOTE 13.575% ~~7/1/2010~~69344FAB2 ~~749941AE0 4~~6,~~707~~315 46,~~000~~351,000 PRN SOLE N/A 46,~~000~~351,000 ~~Skechers~~8/15/06 ~~USA~~Quantum ~~Inc~~Corp NOTE 4.50375% ~~4/15/07~~747906AE5 ~~830566AB1~~8,878 ~~504 500~~10,000,000 PRN SOLE N/A ~~500~~10,000 ~~Solectron COMMON 834182107 673 104~~,000 ~~SH SOLE N~~8/A1/10 ~~104,000~~RF ~~Steel~~Micro ~~Dynamics~~Devices NOTE 41.5% ~~12/15/2012~~749941AE0 ~~858119AD2 1~~4,~~841~~375 14,000,000 PRN SOLE N/A 14,000,000 ~~Toys~~7/1/2010 RSanmina UsCorp COMMON ~~892335100~~800907107 2,~~469~~221 ~~155~~315,000 SH SOLE N/A ~~155~~315,000 ~~Wolverine~~Skechers ~~Tube~~USA Inc ~~COMMON~~NOTE ~~978093102~~4.50% ~~1,373~~830566AB1 ~~126~~501 500,000 SHPRN SOLE N/A ~~126~~500,000 4/15/07

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