Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMB	WILLIAMS COS INC DEL	41,682,960	$1.691B	23.7%	$19.97	+4.8%	COM	969457100
SIG	SIGNET JEWELERS LIMITED	5,490,633	$581M	8.2%	$69.16	+2.2%	SHS	G81276100
—	FIDELITY NATIONAL FINANCIAL	18,285,547	$575M	8.1%	$31.66	—	CL A	31620R105
TMO	THERMO FISHER SCIENTIFIC INC	2,439,794	$293M	4.1%	$79.76	+43.5%	COM	883556102
—	CROWN CASTLE INTL CORP	3,515,796	$259M	3.6%	$73.44	—	COM	228227104
DG	DOLLAR GEN CORP NEW	4,359,956	$242M	3.4%	$48.02	+5.4%	COM	256677105
—	TW TELECOM INC	7,660,595	$239M	3.4%	$28.14	—	COM	87311L104
HCA	HCA HOLDINGS INC	4,111,679	$216M	3.0%	$38.16	+21.2%	COM	40412C101
—	LEVEL 3 COMMUNICATIONS INC	5,439,000	$213M	3.0%	$23.27	—	COM NEW	52729N308
—	CBS CORP NEW	3,205,792	$198M	2.8%	$50.48	—	CL B	124857202
—	SPDR SERIES TRUST	2,500,000	$180M	2.5%	—	—	Put	78464A730
AMT	AMERICAN TOWER CORP NEW	2,100,000	$172M	2.4%	$54.54	+12.9%	COM	03027X100
—	ACTAVIS PLC	736,613	$152M	2.1%	$195.59	—	SHS	G0083B108
—	COMMONWEALTH REIT	5,675,250	$149M	2.1%	$23.12	—	COM SH BEN INT	203233101
—	ANADARKO PETE CORP	1,601,580	$136M	1.9%	$85.01	—	COM	032511107
DHR	DANAHER CORP DEL	1,682,312	$126M	1.8%	$30.77	0.0%	COM	235851102
—	ALLERGAN INC	900,000	$112M	1.6%	$111.08	—	Call	018490102
—	TIME WARNER INC	1,620,000	$106M	1.5%	$65.33	—	COM NEW	887317303
—	VIACOM INC NEW	1,240,008	$105M	1.5%	$84.99	—	CL B	92553P201
—	NATIONSTAR MTG HLDGS INC	2,550,000	$82.77M	1.2%	$53.54	—	Call	63861C109
—	IAC INTERACTIVECORP	985,100	$70.33M	1.0%	$71.39	—	COM PAR $.001	44919P508
EMN	EASTMAN CHEM CO	798,684	$68.86M	1.0%	$56.96	0.0%	COM	277432100
EVTC	EVERTEC INC	2,650,200	$65.46M	0.9%	$18.59	+17.5%	COM	30040P103
—	LAMAR ADVERTISING CO	1,270,362	$64.78M	0.9%	$43.86	—	CL A	512815101
VYX	NCR CORP NEW	1,769,796	$64.69M	0.9%	$21.25	0.0%	COM	62886E108
—	LAMAR ADVERTISING CO	1,250,000	$63.74M	0.9%	$43.86	—	Put	512815101
—	SBA COMMUNICATIONS CORP	700,000	$63.67M	0.9%	$81.96	—	COM	78388J106
PEP	PEPSICO INC	747,600	$62.42M	0.9%	$56.86	0.0%	COM	713448108
TMO	THERMO FISHER SCIENTIFIC INC	500,000	$60.12M	0.8%	$79.76	+43.5%	Call	883556102
EQT	EQT CORP	563,993	$54.69M	0.8%	$43.33	+10.3%	COM	26884L109
GM	GENERAL MTRS CO	1,500,000	$51.63M	0.7%	$28.17	-2.6%	Call	37045V100
—	MONSANTO CO NEW	449,744	$51.17M	0.7%	$113.77	—	COM	61166W101
BUD	ANHEUSER BUSCH INBEV SA/NV	451,203	$47.51M	0.7%	$105.30	—	SPONSORED ADR	03524A108
—	MADISON SQUARE GARDEN CO	804,814	$45.7M	0.6%	$56.78	—	CL A	55826P100
—	ISTAR FINL INC	2,933,406	$43.3M	0.6%	$11.32	—	COM	45031U101
—	VIACOM INC NEW	500,000	$42.49M	0.6%	$84.99	—	Call	92553P201
—	PLATFORM SPECIALTY PRODS COR	2,045,645	$38.97M	0.5%	$19.05	—	COM	72766Q105
—	FAMILY DLR STORES INC	584,700	$33.92M	0.5%	$65.00	—	Put	307000109
—	ZALE CORP NEW	1,573,594	$32.9M	0.5%	$20.91	—	COM	988858106
—	ENDO INTL PLC	472,559	$32.44M	0.5%	$68.65	—	SHS	G30401106
—	MYLAN INC	659,500	$32.2M	0.5%	$48.83	—	COM	628530107
—	WALGREEN CO	446,000	$29.45M	0.4%	$66.03	—	COM	931422109
—	MYLAN INC	600,000	$29.3M	0.4%	$48.83	—	Call	628530107
TEVA	TEVA PHARMACEUTICAL INDS LTD	500,000	$26.42M	0.4%	—	—	Call	881624209
—	LAMAR ADVERTISING CO	500,000	$25.5M	0.4%	$43.86	—	Call	512815101
CNP	CENTERPOINT ENERGY INC	992,570	$23.51M	0.3%	$15.64	-0.9%	COM	15189T107
KR	KROGER CO	500,000	$21.82M	0.3%	—	—	Call	501044101
PSX	PHILLIPS 66	199,998	$15.41M	0.2%	$39.71	+25.4%	COM	718546104
—	TIME WARNER CABLE INC	100,000	$13.72M	0.2%	$112.48	—	COM	88732J207
—	LIFEPOINT HOSPITALS INC	154,759	$8.442M	0.1%	$52.84	—	COM	53219L109
—	VIVUS INC	912,706	$5.421M	0.1%	$10.75	—	COM	928551100
—	CROWN CASTLE INTL CORP	35,000	$3.539M	0.0%	$100.11	—	CNV PFD STK SR A	228227500
—	NATIONSTAR MTG HLDGS INC	108,468	$3.521M	0.0%	$53.54	—	COM	63861C109
—	ARIAD PHARMACEUTICALS INC	100,000	$806K	0.0%	$6.82	—	COM	04033A100
CF	CF INDS HLDGS INC	1,000	$261K	0.0%	$27.49	+28.1%	COM	125269100
—	ALLERGAN INC	1,000	$124K	0.0%	$111.08	—	COM	018490102
—	FAMILY DLR STORES INC	1,000	$58,000	0.0%	$65.00	—	COM	307000109