Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR S&P 500 ETF TR	1,990,000	$335M	12.4%	—	—	Put	78462F953
—	RADIAN GROUP INC	95,833,000	$136M	5.0%	$1.26	—	NOTE 3.000%11/1	750236AK7
—	PHH CORP	52,500,000	$107M	4.0%	$1.83	—	NOTE 6.000% 6/1	693320AQ6
—	BARCLAYS BK PLC	5,500,000	$80.85M	3.0%	—	—	Put	06740C958
—	SMITHFIELD FOODS INC	2,200,000	$74.73M	2.8%	—	—	Call	832248908
—	PRICELINE COM INC	21,431,000	$71.5M	2.6%	$2.73	—	NOTE 1.250% 3/1	741503AN6
—	ONYX PHARMACEUTICALS INC	523,700	$65.31M	2.4%	—	—	Call	683399909
—	BANK OF AMERICA CORPORATION	4,495,800	$62.04M	2.3%	—	—	Put	060505954
—	MICRON TECHNOLOGY INC	31,000,000	$59.25M	2.2%	$1.91	—	NOTE 2.375% 5/0	595112AW3
—	DISH NETWORK CORP	1,302,658	$58.63M	2.2%	$42.52	—	CL A	25470M109
—	MGIC INVT CORP WIS	45,786,000	$58.33M	2.2%	$1.14	—	NOTE 2.000% 4/0	552848AE3
—	MICRON TECHNOLOGY INC	29,500,000	$55.87M	2.1%	$1.89	—	NOTE 3.125% 5/0	595112AX1
VZ	VERIZON COMMUNICATIONS INC	1,029,090	$48.02M	1.8%	$26.60	-1.8%	COM	92343V104
—	LINCOLN NATL CORP IND	1,404,285	$45.92M	1.7%	$26.94	—	*W EXP 07/10/201	534187117
—	HERBALIFE LTD	605,800	$42.27M	1.6%	—	—	Put	G4412G951
—	DOLE FOOD CO INC NEW	2,862,289	$38.98M	1.4%	$13.17	—	COM	256603101
—	ISTAR FINL INC	30,500,000	$38.03M	1.4%	$1.19	—	NOTE 3.000%11/1	45031UBR1
—	BANK OF AMERICA CORPORATION	2,750,000	$37.95M	1.4%	—	—	Call	060505904
—	OFFICE DEPOT INC	7,813,812	$37.74M	1.4%	$4.80	—	COM	676220106
—	ANADARKO PETE CORP	400,000	$37.2M	1.4%	—	—	Put	032511957
—	DISH NETWORK CORP	824,000	$37.09M	1.4%	—	—	Call	25470M909
—	ACTAVIS INC	251,247	$36.18M	1.3%	$126.22	—	COM	00507K103
STZ	CONSTELLATION BRANDS INC	622,083	$35.71M	1.3%	$44.93	+3.7%	CL A	21036P108
—	HERBALIFE LTD	449,700	$31.38M	1.2%	—	—	Call	G4412G901
BAC	BANK OF AMERICA CORPORATION	2,189,056	$30.21M	1.1%	$10.03	+12.0%	COM	060505104
—	MGIC INVT CORP WIS	27,782,000	$30.09M	1.1%	$1.04	—	NOTE 5.000% 5/0	552848AD5
—	CHESAPEAKE ENERGY CORP	29,285,000	$28.72M	1.1%	$0.97	—	NOTE 2.500% 5/1	165167CA3
—	MOSAIC CO NEW	623,800	$26.84M	1.0%	—	—	Call	61945C903
—	LIFE TECHNOLOGIES CORP	355,016	$26.57M	1.0%	$74.01	—	COM	53217V109
HLF	HERBALIFE LTD	364,758	$25.45M	0.9%	$30.35	+0.8%	COM USD SHS	G4412G101
—	FOREST LABS INC	591,043	$25.29M	0.9%	$41.75	—	COM	345838106
—	HESS CORP	321,584	$24.87M	0.9%	$66.49	—	COM	42809H107
—	U S AIRWAYS GROUP INC	1,215,500	$23.05M	0.9%	—	—	Call	90341W908
—	AMGEN INC	200,000	$22.39M	0.8%	—	—	Call	031162900
—	NYSE EURONEXT	515,391	$21.64M	0.8%	$41.64	—	COM	629491101
—	MBIA INC	2,100,000	$21.48M	0.8%	—	—	Call	55262C900
—	L-3 COMMUNICATIONS CORP	19,500,000	$21.27M	0.8%	$1.09	—	DEBT 3.000% 8/0	502413AW7
—	ANADARKO PETE CORP	225,366	$20.96M	0.8%	$85.93	—	COM	032511107
—	ALEXION PHARMACEUTICALS INC	177,839	$20.66M	0.8%	$116.16	—	COM	015351109
—	MOSAIC CO NEW	468,800	$20.17M	0.7%	—	—	Put	61945C953
OXY	OCCIDENTAL PETE CORP DEL	214,076	$20.02M	0.7%	$57.83	+2.4%	COM	674599105
—	VODAFONE GROUP PLC NEW	555,000	$19.52M	0.7%	$35.18	—	SPONS ADR NEW	92857W209
—	RITE AID CORP	9,849,000	$19.49M	0.7%	$1.51	—	NOTE 8.500% 5/1	767754BU7
—	ISHARES	212,500	$19.46M	0.7%	—	—	Put	464288953
—	COMMONWEALTH REIT	808,288	$17.71M	0.7%	$23.12	—	COM SH BEN INT	203233101
NTAP	NETAPP INC	411,419	$17.54M	0.6%	$26.74	+15.2%	COM	64110D104
MOS	MOSAIC CO NEW	402,323	$17.31M	0.6%	$46.26	-21.4%	COM	61945C103
—	FOREST LABS INC	400,000	$17.12M	0.6%	—	—	Call	345838906
—	HALLIBURTON CO	300,000	$14.45M	0.5%	—	—	Put	406216951
—	BLACKBERRY LTD	1,800,400	$14.3M	0.5%	—	—	Put	09228F953
—	LENDER PROCESSING SVCS INC	413,797	$13.77M	0.5%	$32.83	—	COM	52602E102
—	LEAP WIRELESS INTL INC	12,948,000	$13.24M	0.5%	$1.01	—	NOTE 4.500% 7/1	521863AL4
—	DELL INC	931,600	$12.83M	0.5%	—	—	Call	24702R901
—	ISHARES	120,000	$12.79M	0.5%	—	—	Put	464287955
—	CABLEVISION SYS CORP	749,497	$12.62M	0.5%	$16.84	—	CL A NY CABLVS	12686C109
—	COMMUNITY HEALTH SYS INC NEW	300,000	$12.45M	0.5%	—	—	Call	203668908
—	ARRIS GROUP INC NEW	712,000	$12.15M	0.4%	—	—	Put	04270V956
—	ALEXION PHARMACEUTICALS INC	100,000	$11.62M	0.4%	—	—	Put	015351959
—	BOISE INC	900,998	$11.35M	0.4%	$12.60	—	COM	09746Y105
—	MYLAN INC	288,986	$11.03M	0.4%	$31.03	—	COM	628530107
CYH	COMMUNITY HEALTH SYS INC NEW	261,861	$10.87M	0.4%	$35.46	0.0%	COM	203668108
—	FOREST LABS INC	250,000	$10.7M	0.4%	—	—	Put	345838956
—	STEWART ENTERPRISES INC	813,918	$10.7M	0.4%	$13.09	—	CL A	860370105
—	NEWCASTLE INVT CORP	1,847,433	$10.38M	0.4%	$5.62	—	COM	65105M108
TMUS	T-MOBILE US INC	399,472	$10.37M	0.4%	$19.37	+21.9%	COM	872590104
—	RUE21 INC	254,400	$10.26M	0.4%	—	—	Put	781295950
—	TIME WARNER CABLE INC	90,800	$10.13M	0.4%	$112.08	—	COM	88732J207
NWSA	NEWS CORP NEW	600,418	$9.643M	0.4%	$14.03	0.0%	CL A	65249B109
—	LINN ENERGY LLC	367,500	$9.526M	0.4%	—	—	Call	536020900
—	OCCIDENTAL PETE CORP DEL	100,000	$9.354M	0.3%	—	—	Call	674599905
—	BANK OF AMERICA CORPORATION	1,526,202	$9.295M	0.3%	$5.56	—	*W EXP 01/16/201	060505146
TSM	TAIWAN SEMICONDUCTOR MFG LTD	529,800	$8.985M	0.3%	$16.96	—	SPONSORED ADR	874039100
—	CHARTER COMMUNICATIONS INC D	65,733	$8.858M	0.3%	$125.63	—	CL A NEW	16117M305
—	VIVUS INC	944,600	$8.804M	0.3%	—	—	Call	928551900
—	ACTIVE NETWORK INC	600,000	$8.586M	0.3%	$14.31	—	COM	00506D100
—	DOLE FOOD CO INC NEW	619,700	$8.44M	0.3%	—	—	Put	256603951
—	POTASH CORP SASK INC	264,649	$8.278M	0.3%	$31.28	—	COM	73755L107
—	HARTFORD FINL SVCS GROUP INC	362,238	$8.096M	0.3%	$21.90	—	*W EXP 06/26/201	416515120
—	GANNETT INC	300,000	$8.037M	0.3%	—	—	Put	364730951
—	ISHARES	292,000	$7.379M	0.3%	—	—	Put	464286953
—	SHIRE PLC	60,861	$7.297M	0.3%	$119.90	—	SPONSORED ADR	82481R106
—	U S AIRWAYS GROUP INC	371,151	$7.037M	0.3%	$17.80	—	COM	90341W108
MBI	MBIA INC	669,181	$6.846M	0.3%	$5.48	+0.2%	COM	55262C100
NOK	NOKIA CORP	1,013,300	$6.597M	0.2%	$6.51	—	SPONSORED ADR	654902204
—	ALEXION PHARMACEUTICALS INC	55,000	$6.389M	0.2%	—	—	Call	015351909
—	COMMUNITY HEALTH SYS INC NEW	150,000	$6.225M	0.2%	—	—	Put	203668958
—	DIRECTV	100,000	$5.975M	0.2%	—	—	Put	25490A959
—	VIROPHARMA INC	151,800	$5.966M	0.2%	$39.30	—	COM	928241108
—	AMERICAN RLTY CAP PPTYS INC	476,640	$5.815M	0.2%	$15.26	—	COM	02917T104
—	FIDELITY NATIONAL FINANCIAL	200,000	$5.32M	0.2%	—	—	Put	31620R955
—	CAPITOL ACQUISITION CORP II	500,000	$4.845M	0.2%	$9.69	—	COM	14056V105
—	BERRY PETE CO	104,528	$4.508M	0.2%	$43.13	—	CL A	085789105
—	PENNEY J C INC	502,422	$4.431M	0.2%	$8.82	—	COM	708160106
—	CNOOC LTD	21,180	$4.274M	0.2%	$201.79	—	SPONSORED ADR	126132109
—	BLACKBERRY LTD	500,000	$3.973M	0.1%	—	—	Call	09228F903
—	DOCUMENT SEC SYS INC	3,423,199	$3.902M	0.1%	$1.14	—	COM	25614T101
—	TEVA PHARMACEUTICAL INDS LTD	100,000	$3.778M	0.1%	—	—	Put	881624959
—	SOURCEFIRE INC	49,406	$3.751M	0.1%	$75.92	—	COM	83616T108
—	ASSURED GUARANTY LTD	200,000	$3.75M	0.1%	—	—	Call	G0585R906
—	NEXSTAR BROADCASTING GROUP I	83,500	$3.716M	0.1%	—	—	Call	65336K903
—	CEMEX SAB DE CV	311,000	$3.477M	0.1%	—	—	Put	151290959
—	ISHARES	87,800	$3.44M	0.1%	—	—	Call	464287904
—	IPATH S&P500 VIX	200,000	$2.94M	0.1%	$14.70	—	COM	06740C188
—	HEALTH MGMT ASSOC INC NEW	227,945	$2.918M	0.1%	$14.08	—	CL A	421933102
—	SPRINT CORP	450,000	$2.795M	0.1%	$6.21	—	COM SER 1	85207U105
—	GLEACHER & CO INC	201,405	$2.769M	0.1%	$13.88	—	COM NEW	377341201
—	DRAGONWAVE INC	1,316,059	$2.606M	0.1%	$1.98	—	COM	26144M103
—	MBIA INC	250,000	$2.558M	0.1%	—	—	Put	55262C950
—	VIVUS INC	268,367	$2.501M	0.1%	$12.58	—	COM	928551100
NWS	NEWS CORP NEW	150,000	$2.465M	0.1%	$14.24	0.0%	CL B	65249B208
—	RUCKUS WIRELESS INC	141,307	$2.378M	0.1%	$16.83	—	COM	781220108
—	OREXIGEN THERAPEUTICS INC	372,405	$2.287M	0.1%	$5.95	—	COM	686164104
—	CONSTELLATION BRANDS INC	39,600	$2.273M	0.1%	—	—	Call	21036P908
—	NTT DOCOMO INC	130,492	$2.117M	0.1%	$16.22	—	SPONS ADR	62942M201
—	COMPANHIA DE BEBIDAS DAS AME	55,000	$2.109M	0.1%	$38.35	—	SPON ADR PFD	20441W203
—	LAS VEGAS SANDS CORP	30,000	$1.993M	0.1%	—	—	Put	517834957
EG	EVEREST RE GROUP LTD	13,572	$1.974M	0.1%	$100.10	+4.5%	COM	G3223R108
—	A H BELO CORP	250,000	$1.963M	0.1%	$6.86	—	COM CL A	001282102
TMO	THERMO FISHER SCIENTIFIC INC	20,800	$1.917M	0.1%	$86.81	0.0%	COM	883556102
SPY	SPDR S&P 500 ETF TR	11,400	$1.916M	0.1%	$167.18	—	TR UNIT	78462F103
—	INTERCONTINENTALEXCHANGE INC	10,400	$1.887M	0.1%	$181.44	—	COM	45865V100
ACGL	ARCH CAP GROUP LTD	33,206	$1.797M	0.1%	$16.61	+2.4%	ORD	G0450A105
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	21,800	$1.79M	0.1%	$32.90	0.0%	CL A	192446102
—	XL GROUP PLC	57,554	$1.774M	0.1%	$30.38	—	SHS	G98290102
—	CBS CORP NEW	30,600	$1.688M	0.1%	$55.16	—	CL B	124857202
AXS	AXIS CAPITAL HOLDINGS LTD	38,881	$1.684M	0.1%	$31.40	+0.7%	SHS	G0692U109
—	PARTNERRE LTD	18,369	$1.681M	0.1%	$90.65	—	COM	G6852T105
RNR	RENAISSANCERE HOLDINGS LTD	17,241	$1.561M	0.1%	$88.43	-1.3%	COM	G7496G103
—	HEALTH MGMT ASSOC INC NEW	118,400	$1.516M	0.1%	—	—	Put	421933952
REEMF	RARE ELEMENT RES LTD	559,776	$1.495M	0.1%	$2.22	0.0%	COM	75381M102
—	VALIDUS HOLDINGS LTD	40,151	$1.485M	0.1%	$36.22	—	COM SHS	G9319H102
—	VALEANT PHARMACEUTICALS INTL	13,500	$1.408M	0.1%	$86.08	—	COM	91911K102
ALL	ALLSTATE CORP	27,860	$1.408M	0.1%	$37.29	+3.4%	COM	020002101
TRV	TRAVELERS COMPANIES INC	15,586	$1.321M	0.0%	$63.36	-0.9%	COM	89417E109
—	CHUBB CORP	13,886	$1.239M	0.0%	$85.26	—	COM	171232101
YZCAY	YANZHOU COAL MNG CO LTD	129,000	$1.233M	0.0%	$9.56	—	SPON ADR H SHS	984846105
—	ACE LTD	13,145	$1.23M	0.0%	$90.01	—	SHS	H0023R105
—	HARTFORD FINL SVCS GROUP INC	39,500	$1.229M	0.0%	—	—	Put	416515954
—	SPHERIX INC	142,821	$1.134M	0.0%	$6.68	—	COM PAR $0.01	84842R304
MGTI	MGT CAPITAL INVTS INC	305,624	$1.127M	0.0%	$4.19	0.0%	COM NEW	55302P202
—	PERRIGO CO	9,000	$1.11M	0.0%	$123.33	—	COM	714290103
—	WHITEWAVE FOODS CO	55,600	$1.11M	0.0%	$19.96	—	COM CL A	966244105
—	EXPRESS SCRIPTS HLDG CO	17,000	$1.05M	0.0%	$61.76	—	COM	30219G108
—	SOLARWINDS INC	29,000	$1.017M	0.0%	$35.07	—	COM	83416B109
CX	CEMEX SAB DE CV	90,320	$1.01M	0.0%	$10.58	—	SPON ADR NEW	151290889
STXS	STEREOTAXIS INC	281,262	$937K	0.0%	$3.07	0.0%	COM NEW	85916J409
—	PENNEY J C INC	100,000	$882K	0.0%	—	—	Call	708160906
—	SEMGROUP CORP	15,300	$872K	0.0%	$56.99	—	CL A	81663A105
—	CHINA MOBILE LIMITED	15,000	$846K	0.0%	$56.40	—	SPONSORED ADR	16941M109
—	THOMAS PPTYS GROUP INC	113,910	$765K	0.0%	$6.72	—	COM	884453101
—	LIFE TECHNOLOGIES CORP	10,000	$748K	0.0%	—	—	Call	53217V909
—	TWENTY FIRST CENTY FOX INC	20,000	$668K	0.0%	$33.40	—	CL B	90130A200
—	OREXIGEN THERAPEUTICS INC	100,000	$614K	0.0%	—	—	Call	686164904
—	BGS ACQUISITION CORP	59,000	$591K	0.0%	$10.10	—	SH	G1082J100
—	FIRST MARBLEHEAD CORP	685,405	$562K	0.0%	$0.82	—	COM	320771108
—	CHINA PETE & CHEM CORP	6,734	$527K	0.0%	$91.45	—	SPON ADR H SHS	16941R108
—	HERTZ GLOBAL HOLDINGS INC	21,600	$479K	0.0%	$22.18	—	COM	42805T105
—	T-MOBILE US INC	16,900	$439K	0.0%	—	—	Call	872590904
—	CHINA LIFE INS CO LTD	10,933	$425K	0.0%	$34.86	—	SPON ADR REP H	16939P106
TWI	TITAN INTL INC ILL	28,700	$420K	0.0%	$20.56	-21.3%	COM	88830M102
—	CENVEO INC	110,000	$325K	0.0%	$2.95	—	COM	15670S105
—	DELL INC	22,400	$308K	0.0%	—	—	Put	24702R951
—	WPCS INTL INC	55,688	$156K	0.0%	$4.38	—	COM PAR $.0001	92931L302
—	REAL GOODS SOLAR INC	45,691	$128K	0.0%	$2.80	—	CL A	75601N104
—	EXIDE TECHNOLOGIES	246,440	$92,000	0.0%	$0.37	—	COM NEW	302051206
—	PAULSON CAP CORP	143,886	$47,000	0.0%	$0.33	—	COM	703797100
—	EON COMMUNICATIONS CORP	43,677	$42,000	0.0%	$0.96	—	COM NEW	268763208
—	PROSPECT GLOBAL RES INC	10,747	$33,000	0.0%	$3.07	—	COM NEW	74348X202
—	CELL THERAPEUTICS INC	15,000	$25,000	0.0%	$1.67	—	COM NPV NEW 2012	150934883
BLDP	BALLARD PWR SYS INC NEW	11,200	$20,000	0.0%	$1.28	+39.8%	COM	058586108
—	CELSION CORPORATION	12,400	$14,000	0.0%	$1.05	—	COM NEW	15117N305
—	DELCATH SYS INC	38,293	$13,000	0.0%	$0.34	—	COM	24661P104
—	AASTROM BIOSCIENCES INC	18,618	$5,000	0.0%	$0.38	—	COM NEW	00253U305