Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	2,821,600	$552M	16.6%	$178.46	—	Call	78462F103
EEM	ISHARES	10,220,400	$442M	13.3%	$41.13	—	Call	464287234
—	POWERSHARES QQQ TRUST	2,573,600	$242M	7.3%	—	—	Call	73935A104
SPY	SPDR S&P 500 ETF TR	1,200,000	$235M	7.1%	$178.46	—	Put	78462F103
IWM	ISHARES	562,000	$66.77M	2.0%	$118.81	—	RUSSELL 2000 ETF	464287655
—	MARATHON OIL CORP	1,347,177	$53.78M	1.6%	$34.62	—	COM	565849106
C	CITIGROUP INC	1,073,733	$50.57M	1.5%	$35.82	-1.1%	COM	172967424
—	ANADARKO PETE CORP	450,000	$49.26M	1.5%	$91.98	—	Call	032511107
—	ALPHA NATURAL RESOURCES INC	1,450,000	$48.18M	1.5%	—	—	Put	02076X102
XLF	SELECT SECTOR SPDR TR	2,091,900	$47.57M	1.4%	$21.76	—	Call	81369Y605
—	ANADARKO PETE CORP	414,538	$45.38M	1.4%	$91.98	—	COM	032511107
VZ	VERIZON COMMUNICATIONS INC	924,349	$45.23M	1.4%	$26.23	+2.2%	COM	92343V104
EQT	EQT CORP	416,362	$44.51M	1.3%	$44.24	+18.9%	COM	26884L109
—	COBALT INTL ENERGY INC	46,000,000	$42.64M	1.3%	$0.89	—	Note	19075FAA4
LYB	LYONDELLBASELL INDUSTRIES N	423,600	$41.37M	1.2%	$43.03	+20.6%	SHS - A -	N53745100
—	SOLARCITY CORP	27,000,000	$37.63M	1.1%	$1.29	—	Note	83416TAA8
—	YAHOO INC	1,042,719	$36.63M	1.1%	$35.13	—	COM	984332106
—	NEWFIELD EXPL CO	818,458	$36.18M	1.1%	$24.91	—	COM	651290108
VIPS	VIPSHOP HLDGS LTD	188,500	$35.39M	1.1%	—	—	Put	92763W103
—	VIPSHOP HLDGS LTD	30,000,000	$35.34M	1.1%	$1.02	—	Note	92763WAA1
—	CIMAREX ENERGY CO	235,000	$33.71M	1.0%	$117.43	—	COM	171798101
—	MANNKIND CORP	18,500,000	$30.83M	0.9%	$1.33	—	Note	56400PAC6
GM	GENERAL MTRS CO	797,972	$28.97M	0.9%	$27.45	-4.2%	COM	37045V100
HAL	HALLIBURTON CO	397,293	$28.21M	0.8%	$42.40	+21.4%	COM	406216101
CNQ	CANADIAN NAT RES LTD	606,000	$27.82M	0.8%	$10.49	+18.9%	COM	136385101
—	HESS CORP	276,885	$27.38M	0.8%	$83.62	—	COM	42809H107
—	RITE AID CORP	9,372,000	$26.54M	0.8%	$2.08	—	Note	767754BU7
—	RADIAN GROUP INC	17,600,000	$26.48M	0.8%	$1.28	—	Note	750236AN1
FCX	FREEPORT-MCMORAN COPPER & GO	669,800	$24.45M	0.7%	$27.65	+6.9%	Call	35671D857
BAC	BANK OF AMERICA CORPORATION	1,536,686	$23.62M	0.7%	$11.51	+6.4%	COM	060505104
—	ULTRA PETROLEUM CORP	779,140	$23.13M	0.7%	$29.69	—	COM	903914109
—	YY INC	302,700	$22.85M	0.7%	—	—	Put	98426T106
GM	GENERAL MTRS CO	625,900	$22.72M	0.7%	$27.45	-4.2%	Call	37045V100
HAL	HALLIBURTON CO	300,000	$21.3M	0.6%	$42.40	+21.4%	Call	406216101
EOG	EOG RES INC	178,345	$20.84M	0.6%	$61.50	+24.7%	COM	26875P101
—	DRYSHIPS INC.	20,000,000	$19.78M	0.6%	$1.00	—	Note	262498AB4
EWW	ISHARES	287,056	$19.46M	0.6%	$66.86	—	MSCI MEX CAP ETF	464286822
SLB	SCHLUMBERGER LTD	162,600	$19.18M	0.6%	$74.85	0.0%	COM	806857108
—	AK STL CORP	11,500,000	$19.09M	0.6%	$1.53	—	Note	001546AP5
HUN	HUNTSMAN CORP	665,533	$18.7M	0.6%	$26.18	0.0%	COM	447011107
EWY	ISHARES	280,519	$18.24M	0.5%	$60.05	—	MSCI STH KOR ETF	464286772
—	ANGLOGOLD ASHANTI LTD	1,011,000	$17.4M	0.5%	—	—	Put	035128206
—	SINA CORP	343,900	$17.12M	0.5%	—	—	Put	G81477104
—	OASIS PETE INC NEW	295,095	$16.49M	0.5%	$55.89	—	COM	674215108
—	ATWOOD OCEANICS INC	308,231	$16.18M	0.5%	$52.48	—	COM	050095108
EWH	ISHARES	766,141	$16M	0.5%	$20.43	—	MSCI HONG KG ETF	464286871
—	CONTINENTAL RESOURCES INC	100,000	$15.8M	0.5%	—	—	Put	212015101
—	PENN VA CORP	920,719	$15.61M	0.5%	$17.11	—	COM	707882106
—	YAHOO INC	431,300	$15.15M	0.5%	$35.13	—	Call	984332106
EOG	EOG RES INC	125,000	$14.61M	0.4%	$61.50	+24.7%	Put	26875P101
—	CONCHO RES INC	100,000	$14.45M	0.4%	—	—	Put	20605P101
—	CIMAREX ENERGY CO	100,000	$14.35M	0.4%	$117.43	—	Put	171798101
—	BARRICK GOLD CORP	770,300	$14.1M	0.4%	$18.35	—	COM	067901108
—	ATHLON ENERGY INC	272,080	$12.98M	0.4%	$38.47	—	COM	047477104
C	CITIGROUP INC	275,100	$12.96M	0.4%	$35.82	-1.1%	Call	172967424
—	SUNPOWER CORP	7,000,000	$12.89M	0.4%	$1.43	—	DBCV 4.500% 3/1	867652AE9
—	NQ MOBILE INC	2,033,900	$12.49M	0.4%	—	—	Put	64118U108
—	COBALT INTL ENERGY INC	650,000	$11.93M	0.4%	$19.02	—	Put	19075F106
—	NORTHERN OIL & GAS INC NEV	725,633	$11.82M	0.4%	$13.48	—	COM	665531109
—	MCDERMOTT INTL INC	1,450,000	$11.73M	0.4%	—	—	Put	580037109
FCX	FREEPORT-MCMORAN COPPER & GO	317,066	$11.57M	0.3%	$27.65	+6.9%	COM	35671D857
—	PRECISION DRILLING CORP	807,000	$11.43M	0.3%	$11.97	—	COM 2010	74022D308
—	RICE ENERGY INC	375,000	$11.42M	0.3%	$30.45	—	COM	762760106
—	ALLIED NEVADA GOLD CORP	3,036,800	$11.42M	0.3%	—	—	Put	019344100
—	NEWFIELD EXPL CO	250,000	$11.05M	0.3%	$24.91	—	Put	651290108
—	MARKET VECTORS ETF TR	409,400	$10.83M	0.3%	$21.55	—	Call	57060U100
IWM	ISHARES	86,500	$10.28M	0.3%	$118.81	—	Call	464287655
MDY	SPDR S&P MIDCAP 400 ETF TR	39,000	$10.16M	0.3%	$252.87	—	UTSER1 S&PDCRP	78467Y107
—	QIHOO 360 TECHNOLOGY CO LTD	110,000	$10.12M	0.3%	—	—	Put	74734M109
JKS	JINKOSOLAR HLDG CO LTD	322,500	$9.73M	0.3%	—	—	Put	47759T100
—	KODIAK OIL & GAS CORP	667,700	$9.715M	0.3%	$13.13	—	COM	50015Q100
CSIQ	CANADIAN SOLAR INC	302,100	$9.444M	0.3%	—	—	Put	136635109
—	PARSLEY ENERGY INC	389,800	$9.382M	0.3%	$24.07	—	CL A	701877102
FANG	DIAMONDBACK ENERGY INC	103,592	$9.199M	0.3%	$44.48	+32.3%	COM	25278X109
JPM	JPMORGAN CHASE & CO	135,600	$7.813M	0.2%	$41.19	0.0%	COM	46625H100
—	STONE ENERGY CORP	166,466	$7.789M	0.2%	$46.79	—	COM	861642106
—	CAESARS ENTMT CORP	400,000	$7.232M	0.2%	—	—	Put	127686103
—	QEP RES INC	200,300	$6.91M	0.2%	$31.97	—	COM	74733V100
—	TRINA SOLAR LIMITED	537,100	$6.891M	0.2%	—	—	Put	89628E104
CDE	COEUR MNG INC	750,000	$6.885M	0.2%	—	—	Put	192108504
—	WALTER ENERGY INC	1,250,000	$6.813M	0.2%	—	—	Put	93317Q105
—	CARRIZO OIL & GAS INC	97,001	$6.718M	0.2%	$69.26	—	COM	144577103
—	GULFPORT ENERGY CORP	106,099	$6.663M	0.2%	$61.81	—	COM	402635304
—	CONSOL ENERGY INC	141,429	$6.516M	0.2%	$41.96	—	COM	20854P109
—	AXIALL CORP	135,000	$6.381M	0.2%	$47.27	—	COM	05463D100
HAL	HALLIBURTON CO	87,500	$6.213M	0.2%	$42.40	+21.4%	Put	406216101
—	MARATHON OIL CORP	150,000	$5.988M	0.2%	$34.62	—	Call	565849106
C	CITIGROUP INC	125,000	$5.888M	0.2%	$35.82	-1.1%	Put	172967424
—	MOLYCORP INC DEL	2,171,500	$5.581M	0.2%	—	—	Put	608753109
—	EXELIXIS INC	6,000,000	$5.243M	0.2%	$0.90	—	Note	30161QAC8
—	E HOUSE CHINA HLDGS LTD	600,000	$5.19M	0.2%	—	—	Put	26852W103
—	WEBMD HEALTH CORP	5,000,000	$5.16M	0.2%	$1.02	—	Note	94770VAH5
—	BED BATH & BEYOND INC	85,100	$4.883M	0.1%	$57.38	—	COM	075896100
—	ANNALY CAP MGMT INC	4,500,000	$4.765M	0.1%	$1.10	—	Note	035710AA0
—	MARKET VECTORS ETF TR	169,361	$4.48M	0.1%	$21.55	—	GOLD MINER ETF	57060U100
—	GOODRICH PETE CORP	4,000,000	$4.172M	0.1%	$0.99	—	Note	382410AC2
—	ROSETTA RESOURCES INC	75,410	$4.136M	0.1%	$54.85	—	COM	777779307
—	INTEROIL CORP	4,000,000	$4.019M	0.1%	$0.94	—	Note	460951AC0
—	PENNEY J C INC	440,000	$3.982M	0.1%	—	—	Put	708160106
—	MOLYCORP INC DEL	6,000,000	$3.81M	0.1%	$0.64	—	Note	608753AF6
—	WESTERN REFNG INC	95,000	$3.567M	0.1%	$37.55	—	COM	959319104
IAG	IAMGOLD CORP	800,000	$3.296M	0.1%	—	—	Put	450913108
—	WEIGHT WATCHERS INTL INC NEW	150,000	$3.026M	0.1%	—	—	Put	948626106
DVN	DEVON ENERGY CORP NEW	36,144	$2.87M	0.1%	$49.04	0.0%	COM	25179M103
—	U S SILICA HLDGS INC	48,500	$2.689M	0.1%	$55.44	—	COM	90346E103
GILD	GILEAD SCIENCES INC	30,000	$2.487M	0.1%	$54.49	-0.8%	Call	375558103
—	REX ENERGY CORPORATION	140,421	$2.487M	0.1%	$17.71	—	COM	761565100
—	ROWAN COMPANIES PLC	75,300	$2.404M	0.1%	$36.72	—	SHS CL A	G7665A101
—	CLAYMORE EXCHANGE TRD FD TR	53,000	$2.362M	0.1%	$44.57	—	GUGGENHEIM SOLAR	18383Q739
XLF	SELECT SECTOR SPDR TR	103,472	$2.353M	0.1%	$21.76	—	SBI INT-FINL	81369Y605
NRG	NRG ENERGY INC	60,386	$2.246M	0.1%	$26.64	0.0%	COM	629377508
CME	CME GROUP INC	30,200	$2.143M	0.1%	$39.16	+13.5%	COM	12572Q105
—	SOLARCITY CORP	29,000	$2.047M	0.1%	$70.59	—	COM	83416T100
OPK	OPKO HEALTH INC	200,000	$1.768M	0.1%	—	—	Put	68375N103
XLE	SELECT SECTOR SPDR TR	16,860	$1.688M	0.1%	$81.11	—	SBI INT-ENERGY	81369Y506
—	HORNBECK OFFSHORE SVCS INC N	35,418	$1.662M	0.1%	$46.93	—	COM	440543106
—	QUICKSILVER RESOURCES INC	618,551	$1.652M	0.0%	$1.68	—	COM	74837R104
NEE	NEXTERA ENERGY INC	15,200	$1.558M	0.0%	$17.00	+5.4%	COM	65339F101
PPL	PPL CORP	40,500	$1.439M	0.0%	$18.74	0.0%	COM	69351T106
—	SOUFUN HLDGS LTD	142,500	$1.395M	0.0%	—	—	Put	836034108
—	ARCH COAL INC	350,000	$1.278M	0.0%	$4.12	—	Put	039380100
EIX	EDISON INTL	20,400	$1.185M	0.0%	$35.87	0.0%	COM	281020107
MA	MASTERCARD INC	14,200	$1.043M	0.0%	$69.24	0.0%	CL A	57636Q104
—	MARKET VECTORS ETF TR	18,290	$1.006M	0.0%	$55.00	—	AGRIBUS ETF	57060U605
—	ARCH COAL INC	273,096	$997K	0.0%	$4.12	—	COM	039380100
—	OCWEN FINL CORP	26,550	$985K	0.0%	$37.10	—	COM	675746309
TV	GRUPO TELEVISA SA	19,300	$662K	0.0%	$34.30	—	SPON ADR REP ORD	40049J206
HDB	HDFC BANK LTD	13,000	$609K	0.0%	$46.85	—	ADR REPS 3 SHS	40415F101
ABEV	AMBEV SA	86,000	$605K	0.0%	$7.03	—	SPONSORED ADR	02319V103
PBR	PETROLEO BRASILEIRO SA PETRO	40,000	$585K	0.0%	$13.71	—	SPONSORED ADR	71654V408
UPS	UNITED PARCEL SERVICE INC	5,640	$579K	0.0%	$65.30	+2.0%	CL B	911312106
AIG	AMERICAN INTL GROUP INC	10,500	$573K	0.0%	$38.81	+4.1%	COM	026874784
DEO	DIAGEO P L C	4,300	$547K	0.0%	$127.21	—	SPON ADR	25243Q205
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,300	$544K	0.0%	$122.73	+3.1%	CL B	084670702
—	PETROCHINA CO LTD	4,300	$540K	0.0%	$125.58	—	SPONSORED ADR	71646E100
COST	COSTCO WHSL CORP NEW	4,500	$518K	0.0%	$91.81	0.0%	COM	22160K105
CX	CEMEX SAB DE CV	31,200	$413K	0.0%	$13.24	—	SPON ADR	151290889
SPY	SPDR S&P 500 ETF TR	2,100	$411K	0.0%	$178.46	—	TR UNIT	78462F103
BCH	BANCO DE CHILE	5,000	$401K	0.0%	$80.20	—	SPONSORED ADR	059520106
BIDU	BAIDU INC	2,050	$383K	0.0%	$186.83	—	SPON ADR REP A	056752108
—	GOOGLE INC	580	$339K	0.0%	$584.48	—	CL A	38259P508
—	BRF SA	12,000	$292K	0.0%	$24.33	—	SPONSORED ADR	10552T107
BUD	ANHEUSER BUSCH INBEV SA/NV	2,500	$287K	0.0%	$114.80	—	SPONSORED ADR	03524A108
NBIS	YANDEX N V	8,000	$285K	0.0%	$35.63	—	SHS CLASS A	N97284108
—	CHINA MOBILE LIMITED	5,500	$267K	0.0%	$48.55	—	SPONSORED ADR	16941M109
CPA	COPA HOLDINGS SA	1,850	$264K	0.0%	$96.87	+1.4%	CL A	P31076105
—	TELEFONICA BRASIL SA	12,500	$256K	0.0%	$21.06	—	SPONSORED ADR	87936R106
NVO	NOVO-NORDISK A S	5,500	$254K	0.0%	$46.18	—	ADR	670100205
—	TATA MTRS LTD	6,200	$242K	0.0%	$39.03	—	SPONSORED ADR	876568502
KEP	KOREA ELECTRIC PWR	13,000	$239K	0.0%	$18.38	—	SPONSORED ADR	500631106
TEVA	TEVA PHARMACEUTICAL INDS LTD	4,200	$220K	0.0%	$52.86	—	ADR	881624209
BBD	BANCO BRADESCO S A	12,000	$174K	0.0%	$14.50	—	SP ADR PFD	059460303
—	VERSO PAPER CORP	75,363	$158K	0.0%	$2.89	—	COM	92531L108