13F-HR 1 ny361564.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: June 30, 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: MFP Investors LLC Address: 51 JFK Parkway 2nd Floor Short Hills, NJ 07078 13F File Number: 28-05359 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: Stuart Pistol Title: Chief Financial Officer Phone: (973) 921-2210 Signature, Place, and Date of Signing: Short Hills, NJ 8/12/05 ---------------------------- --------------- ------- [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 r porting 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: 67 -- Form 13F Information Table Value Total: $ 463,490 --------- (thousands) List of Other Included Managers NONE 2

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- SHRS VOTING TITLE OF VALUE OR PRN SH/ PUT/ INVESTMENT OTHER AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ----- ----- -------- --- --- ---- ---------- -------- ---- ------ ---- Aspen Insurance Holdings Ltd. SHS G05384105 7,312 265,300 SH SOLE 265,300 Montpelier RE Holdings LTD SHS G62185106 6,224 180,000 SH SOLE 180,000 Alleghany Corp. DEL COM 017175100 3,681 12,393 SH SOLE 12,393 American International Group,Inc. COM 026874107 11,620 200,000 SH SOLE 200,000 Andrew Corp. COM 034425108 6,252 490,000 SH SOLE 490,000 Astoria Financial Corp COM 046265104 5,125 180,000 SH SOLE 180,000 Atari, Inc. COM 04651M105 278 100,000 SH SOLE 100,000 Belden CDT Inc. COM 077454106 9,540 450,000 SH SOLE 450,000 Beverly Enterprises Inc. COM 087851309 2,207 173,200 SH SOLE 173,200 Bowne & Co., Inc. COM 103043105 4,452 307,900 SH SOLE 307,900 City Investing Co. Liq Tr Unit Ben Int 177900107 693 362,600 SH SOLE 362,600 Conseco Inc. PFD B CV 5.50% 208464867 2,750 100,000 SH SOLE 100,000 Conseco Inc COM NEW 208464883 24,030 1,101,273 SH SOLE 1,101,273 DST Sys Inc. Del COM 233326107 22,464 480,000 SH SOLE 480,000 Duckwall-Alco Stores, Inc. COM 264142100 3,451 160,656 SH SOLE 160,656 Enstar Group Inc GA COM 29358R107 6,758 102,715 SH SOLE 102,715 Farmer Bros Co. COM 307675108 4,385 197,005 SH SOLE 197,005 Florida East Coast Industries Inc. COM 340632108 16,232 382,100 SH SOLE 382,100 Franklin Bank Corp. DEL COM 352451108 11,537 615,000 SH SOLE 615,000 Goodyear Tire & Rubber Co COM 382550101 7,972 535,000 SH SOLE 535,000 Hawaiian Holdings, Inc. COM 419879101 3,188 787,100 SH SOLE 787,100 Healthsouth Corp. COM 421924101 1,428 255,000 SH SOLE 255,000 Hearst-Argyle Television, Inc. COM 422317107 6,125 250,000 SH SOLE 250,000 Helmerich & Payne Inc. COM 423452101 5,415 115,400 SH SOLE 115,400 Honeywell International Inc. COM 438516106 9,158 250,000 SH SOLE 250,000 Hudson City Bancorp COM 443683107 18,177 1,593,109 SH SOLE 1,593,109 IKON Office Solutions, Inc. COM 451713101 15,264 1,605,000 SH SOLE 1,605,000 Imagistics International Inc. COM 45247T104 6,300 225,000 SH SOLE 225,000 Johnson Outdoors Inc. CL A 479167108 1,997 114,000 SH SOLE 114,000 Keweenaw Land Association LTD. COM 493026108 1,125 7,100 SH SOLE 7,100 Knight Capital Group Inc. CL A 499005106 3,810 500,000 SH SOLE 500,000 Liberty Corp. S C COM 530370105 755 20,500 SH SOLE 20,500 Liberty Media Corp. New COM SER 530718105 10,801 1,060,000 SH SOLE 1,060,000 Lin TV Corp. CL A 532774106 5,209 375,000 SH SOLE 375,000 Linens N Things Inc. COM 535679104 1,183 50,000 SH SOLE 50,000 Lydall Inc Del COM 550819106 766 88,900 SH SOLE 88,900 MVC Capital Inc. COM 553829102 10,007 999,700 SH SOLE 999,700 Magellan Health Services, Inc. COM 559079207 1,059 30,000 SH SOLE 30,000 MarkWest Hydrocarbon Inc. COM 570762104 6,424 276,900 SH SOLE 276,900 Medallion Financial Corp. COM 583928106 4,069 430,600 SH SOLE 430,600 Morgan Stanley COM NEW 617446448 10,494 200,000 SH SOLE 200,000 Neiman Marcus Group Inc CL A 640204202 9,692 100,000 SH SOLE 100,000 Northwest Bancorp Inc Pa COM 667328108 1,063 50,000 SH SOLE 50,000 Novoste Corp. COM 67010C100 690 704,151 SH SOLE 704,151 Oglebay Norton Co. COM 677007205 1,971 155,213 SH SOLE 155,213 Oglebay Norton Co. PFD A CV 677007304 6,466 424,000 SH SOLE 424,000 PNC Financial Services Group Inc. COM 693475105 27,230 500,000 SH SOLE 500,000 Partners Trust Financial Group,Inc. COM 70213F102 632 59,200 SH SOLE 59,200 Pfizer Inc. COM 717081103 2,758 100,000 SH SOLE 100,000 Providian Financial Corp. NOTE 2/1 74406AAB8 4,770 9,000,000 PRN SOLE 9,000,000 Prudential Bancorp Inc. PA COM 744319104 1,699 156,300 SH SOLE 156,300 Retail Ventures, Inc. COM 76128Y102 2,728 200,000 SH SOLE 200,000 Rome Bancorp Inc. New COM 77587P103 1,003 100,000 SH SOLE 100,000 Rotech Healthcare Inc. COM 778669101 4,922 187,500 SH SOLE 187,500 Sears Holdings Corp. COM 812350106 36,880 246,077 SH SOLE 246,077 Sovereign Bancorp, Inc. COM 845905108 4,021 180,000 SH SOLE 180,000 Sprint Corp. COM FON 852061100 2,509 100,000 SH SOLE 100,000 TD Banknorth Inc. COM 87235A101 3,725 125,000 SH SOLE 125,000 Temple Inland Inc. COM 879868107 3,715 100,000 SH SOLE 100,000 Toys R Us Inc COM 892335100 7,004 264,500 SH SOLE 264,500 TYCO International Ltd. New COM 902124106 29,200 1,000,000 SH SOLE 1,000,000 USA Mobility, Inc. COM 90341G103 10,245 348,954 SH SOLE 348,954 United Indl Corp. COM 910671106 7,148 200,000 SH SOLE 200,000 Unocal Corp. COM 915289102 4,944 76,000 SH SOLE 76,000 Walter Inds Inc. COM 93317Q105 3,224 80,200 SH SOLE 80,200 Warwick Valley Tel Co COM 936750108 1,737 71,100 SH SOLE 71,100 Western Gas Res Inc. COM 958259103 3,797 108,800 SH SOLE 108,800