Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	1,868,000	$368M	16.2%	$195.98	—	Call	78462F103
EEM	ISHARES TR	8,069,700	$335M	14.8%	$41.56	—	Call	464287234
—	POWERSHARES QQQ TRUST	1,000,000	$98.79M	4.4%	—	—	Call	73935A104
EEM	ISHARES TR	1,503,247	$62.48M	2.8%	$41.56	—	MSCI EMG MKT ETF	464287234
HAL	HALLIBURTON CO	894,739	$57.72M	2.5%	$49.52	+11.5%	COM	406216101
—	COBALT INTL ENERGY INC	60,000,000	$49.71M	2.2%	$0.88	—	Note	19075FAA4
BAC	BANK AMER CORP	2,554,300	$43.55M	1.9%	$11.82	+6.4%	Call	060505104
IWM	ISHARES TR	450,000	$42.1M	1.9%	$118.81	—	Put	464287655
IWM	ISHARES TR	373,134	$40.8M	1.8%	$118.81	—	RUSSELL 2000 ETF	464287655
—	YY INC	520,000	$38.94M	1.7%	—	—	Put	98426T106
BAC	BANK AMER CORP	2,157,634	$36.79M	1.6%	$11.82	+6.4%	COM	060505104
EQT	EQT CORP	390,100	$35.71M	1.6%	$44.24	+9.8%	COM	26884L109
—	VIPSHOP HLDGS LTD	30,000,000	$35.54M	1.6%	$1.02	—	Note	92763WAA1
C	CITIGROUP INC	632,471	$32.77M	1.4%	$35.82	+4.5%	COM	172967424
—	SOLARCITY CORP	26,000,000	$31.09M	1.4%	$1.29	—	Note	83416TAA8
GM	GENERAL MTRS CO	970,000	$30.98M	1.4%	$27.45	-3.5%	Call	37045V100
—	ANADARKO PETE CORP	300,999	$30.53M	1.3%	$91.98	—	COM	032511107
IWM	ISHARES TR	300,000	$28.07M	1.2%	$118.81	—	Call	464287655
XLF	SELECT SECTOR SPDR TR	1,108,500	$25.68M	1.1%	$23.04	—	SBI INT-FINL	81369Y605
EEM	ISHARES TR	615,000	$25.56M	1.1%	$41.56	—	Put	464287234
—	RADIAN GROUP INC	17,600,000	$25.19M	1.1%	$1.28	—	Note	750236AN1
—	MANNKIND CORP	21,500,000	$24.27M	1.1%	$1.30	—	Note	56400PAC6
VZ	VERIZON COMMUNICATIONS INC	398,444	$19.92M	0.9%	$26.23	+6.0%	COM	92343V104
—	DRYSHIPS INC.	20,000,000	$19.78M	0.9%	$1.00	—	Note	262498AB4
—	QIHOO 360 TECHNOLOGY CO LTD	290,500	$19.6M	0.9%	—	—	Put	74734M109
—	HESS CORP	207,690	$19.59M	0.9%	$83.62	—	COM	42809H107
JKS	JINKOSOLAR HLDG CO LTD	706,000	$19.41M	0.9%	—	—	Put	47759T100
—	YAHOO INC	473,850	$19.31M	0.9%	$35.13	—	COM	984332106
—	NEWFIELD EXPL CO	512,535	$19M	0.8%	$24.91	—	COM	651290108
—	YAHOO INC	448,400	$18.27M	0.8%	$35.13	—	Call	984332106
—	RITE AID CORP	9,372,000	$18.25M	0.8%	$2.08	—	Note	767754BU7
—	CIMAREX ENERGY CO	139,171	$17.61M	0.8%	$117.43	—	COM	171798101
CNQ	CANADIAN NAT RES LTD	373,713	$14.52M	0.6%	$10.49	+23.3%	COM	136385101
C	CITIGROUP INC	275,100	$14.26M	0.6%	$35.82	+4.5%	Call	172967424
—	SINA CORP	343,900	$14.15M	0.6%	—	—	Put	G81477104
GM	GENERAL MTRS CO	428,894	$13.7M	0.6%	$27.45	-3.5%	COM	37045V100
SU	SUNCOR ENERGY INC NEW	372,054	$13.45M	0.6%	$26.94	0.0%	COM	867224107
—	ENCANA CORP	624,500	$13.25M	0.6%	$21.21	—	COM	292505104
DHI	D R HORTON INC	640,348	$13.14M	0.6%	$19.44	0.0%	COM	23331A109
EOG	EOG RES INC	128,972	$12.77M	0.6%	$61.50	+29.0%	COM	26875P101
—	AK STL CORP	7,500,000	$12.72M	0.6%	$1.53	—	Note	001546AP5
XLE	SELECT SECTOR SPDR TR	140,000	$12.69M	0.6%	$81.11	—	Put	81369Y506
—	WALTER INVT MGMT CORP	14,412,000	$12.02M	0.5%	$0.83	—	Note	93317WAA0
—	BARRICK GOLD CORP	793,738	$11.64M	0.5%	$18.24	—	COM	067901108
XLF	SELECT SECTOR SPDR TR	500,000	$11.59M	0.5%	$23.04	—	Call	81369Y605
—	COBALT INTL ENERGY INC	850,000	$11.56M	0.5%	—	—	Put	19075F106
—	WALTER INVT MGMT CORP	522,800	$11.47M	0.5%	—	—	Put	93317W102
—	TRINA SOLAR LIMITED	908,900	$10.97M	0.5%	—	—	Put	89628E104
GLW	CORNING INC	565,000	$10.93M	0.5%	$15.47	0.0%	COM	219350105
—	SUNPOWER CORP	7,000,000	$10.68M	0.5%	$1.43	—	DBCV 4.500% 3/1	867652AE9
—	BAKER HUGHES INC	162,825	$10.59M	0.5%	$65.06	—	COM	057224107
HUN	HUNTSMAN CORP	397,684	$10.34M	0.5%	$26.18	+4.1%	COM	447011107
—	MARATHON OIL CORP	273,841	$10.29M	0.5%	$34.62	—	COM	565849106
—	ALLIED NEVADA GOLD CORP	3,059,400	$10.13M	0.4%	—	—	Put	019344100
—	PRECISION DRILLING CORP	864,347	$9.326M	0.4%	$11.89	—	COM 2010	74022D308
CTRA	CABOT OIL & GAS CORP	281,100	$9.189M	0.4%	$24.22	0.0%	COM	127097103
—	PENNEY J C INC	890,000	$8.936M	0.4%	—	—	Put	708160106
—	E HOUSE CHINA HLDGS LTD	917,100	$8.731M	0.4%	—	—	Put	26852W103
—	ROYAL DUTCH SHELL PLC	114,473	$8.715M	0.4%	$76.13	—	SPONS ADR A	780259206
—	ATWOOD OCEANICS INC	192,991	$8.432M	0.4%	$52.48	—	COM	050095108
—	MCDERMOTT INTL INC	1,450,000	$8.294M	0.4%	—	—	Put	580037109
—	SOLARCITY CORP	138,800	$8.272M	0.4%	$70.59	—	Put	83416T100
GILD	GILEAD SCIENCES INC	75,700	$8.059M	0.4%	—	—	Call	375558103
—	BARRETT BILL CORP	363,171	$8.004M	0.4%	$22.04	—	COM	06846N104
SPY	SPDR S&P 500 ETF TR	38,024	$7.491M	0.3%	$195.98	—	TR UNIT	78462F103
PTEN	PATTERSON UTI ENERGY INC	224,700	$7.309M	0.3%	$33.96	0.0%	COM	703481101
BB	BLACKBERRY LTD	721,100	$7.168M	0.3%	$10.23	0.0%	COM	09228F103
—	PENN VA CORP	557,609	$7.087M	0.3%	$17.11	—	COM	707882106
EOG	EOG RES INC	70,000	$6.931M	0.3%	$61.50	+29.0%	Put	26875P101
FANG	DIAMONDBACK ENERGY INC	91,736	$6.86M	0.3%	$44.48	+40.9%	COM	25278X109
—	NORTHERN OIL & GAS INC NEV	452,655	$6.437M	0.3%	$13.48	—	COM	665531109
—	LINN ENERGY LLC	210,000	$6.329M	0.3%	—	—	Put	536020100
—	FMC TECHNOLOGIES INC	110,900	$6.023M	0.3%	$54.31	—	COM	30249U101
IP	INTL PAPER CO	121,400	$5.796M	0.3%	$28.63	0.0%	COM	460146103
—	ATHLON ENERGY INC	94,302	$5.491M	0.2%	$38.47	—	COM	047477104
—	CONCHO RES INC	42,964	$5.387M	0.2%	$125.38	—	COM	20605P101
—	AXIALL CORP	146,599	$5.25M	0.2%	$46.36	—	COM	05463D100
—	WESTERN REFNG INC	124,336	$5.221M	0.2%	$38.60	—	COM	959319104
—	WEBMD HEALTH CORP	5,000,000	$5.033M	0.2%	$1.02	—	Note	94770VAH5
—	CAESARS ENTMT CORP	400,000	$5.032M	0.2%	—	—	Put	127686103
CDE	COEUR MNG INC	1,000,000	$4.96M	0.2%	—	—	Put	192108504
—	ZILLOW INC	40,000	$4.64M	0.2%	$116.00	—	CL A	98954A107
—	ANNALY CAP MGMT INC	4,500,000	$4.635M	0.2%	$1.10	—	Note	035710AA0
OPK	OPKO HEALTH INC	536,800	$4.568M	0.2%	—	—	Put	68375N103
—	PARSLEY ENERGY INC	197,500	$4.213M	0.2%	$24.07	—	CL A	701877102
—	INTEROIL CORP	4,000,000	$4.057M	0.2%	$0.94	—	Note	460951AC0
—	NQ MOBILE INC	580,200	$4.044M	0.2%	—	—	Put	64118U108
—	ARCH COAL INC	1,900,000	$4.028M	0.2%	$4.12	—	Put	039380100
—	SEADRILL LIMITED	150,000	$4.014M	0.2%	—	—	Put	G7945E105
EWW	ISHARES	55,000	$3.78M	0.2%	$66.86	—	MSCI MEX CAP ETF	464286822
COP	CONOCOPHILLIPS	48,214	$3.689M	0.2%	$56.68	0.0%	COM	20825C104
—	ANGLOGOLD ASHANTI LTD	300,000	$3.6M	0.2%	—	—	Put	035128206
—	ALPHA NATURAL RESOURCES INC	1,450,000	$3.596M	0.2%	—	—	Put	02076X102
—	KOSMOS ENERGY LTD	360,000	$3.586M	0.2%	—	—	Put	G5315B107
IAG	IAMGOLD CORP	1,250,000	$3.45M	0.2%	—	—	Put	450913108
EWY	ISHARES	56,019	$3.39M	0.1%	$60.05	—	MSCI STH KOR ETF	464286772
—	GOOGLE INC	5,500	$3.175M	0.1%	$577.27	—	CL C	38259P706
—	QUIKSILVER INC	1,600,000	$2.752M	0.1%	—	—	Put	74838C106
—	TIME WARNER INC	35,200	$2.647M	0.1%	$75.20	—	COM	887317303
—	PEABODY ENERGY CORP	200,000	$2.476M	0.1%	—	—	Put	704549104
MA	MASTERCARD INC	33,200	$2.454M	0.1%	$70.30	+1.1%	CL A	57636Q104
—	MEMORIAL RESOURCE DEV CORP	90,000	$2.44M	0.1%	$27.11	—	COM	58605Q109
CME	CME GROUP INC	30,300	$2.423M	0.1%	$39.16	+22.3%	COM	12572Q105
MCK	MCKESSON CORP	12,200	$2.375M	0.1%	$176.84	0.0%	COM	58155Q103
UPS	UNITED PARCEL SERVICE INC	22,500	$2.212M	0.1%	$66.08	+0.4%	CL B	911312106
AIG	AMERICAN INTL GROUP INC	40,700	$2.199M	0.1%	$41.02	+1.9%	COM	026874784
COST	COSTCO WHSL CORP NEW	17,100	$2.143M	0.1%	$95.73	+1.5%	COM	22160K105
BRK/B	BERKSHIRE HATHAWAY INC DEL	14,200	$1.962M	0.1%	$130.04	+2.4%	CL B	084670702
TEVA	TEVA PHARMACEUTICAL INDS LTD	35,000	$1.881M	0.1%	$53.64	—	ADR	881624209
—	MEAD JOHNSON NUTRITION CO	18,600	$1.79M	0.1%	$96.24	—	COM	582839106
—	EXELIXIS INC	3,000,000	$1.77M	0.1%	$0.90	—	Note	30161QAC8
—	U S SILICA HLDGS INC	27,500	$1.719M	0.1%	$55.44	—	COM	90346E103
TV	GRUPO TELEVISA SA	48,200	$1.633M	0.1%	$34.05	—	SPON ADR REP ORD	40049J206
CPA	COPA HOLDINGS SA	14,000	$1.502M	0.1%	$94.46	-0.4%	CL A	P31076105
—	CLAYMORE EXCHANGE TRD FD TR	36,000	$1.463M	0.1%	$44.57	—	GUGGENHEIM SOLAR	18383Q739
—	SOUFUN HLDGS LTD	142,500	$1.418M	0.1%	—	—	Put	836034108
EBAY	EBAY INC	23,400	$1.325M	0.1%	$19.80	0.0%	COM	278642103
EPAM	EPAM SYS INC	30,000	$1.314M	0.1%	$39.64	0.0%	COM	29414B104
CX	CEMEX SAB DE CV	100,000	$1.304M	0.1%	$13.10	—	SPON ADR	151290889
—	RICE ENERGY INC	48,423	$1.288M	0.1%	$30.45	—	COM	762760106
—	MOLYCORP INC DEL	1,000,000	$1.19M	0.1%	—	—	Put	608753109
BIDU	BAIDU INC	5,000	$1.091M	0.0%	$205.34	—	SPON ADR REP A	056752108
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	22,300	$998K	0.0%	$41.72	0.0%	CL A	192446102
NVO	NOVO-NORDISK A S	20,000	$952K	0.0%	$47.21	—	ADR	670100205
—	ROWAN COMPANIES PLC	37,140	$940K	0.0%	$36.72	—	SHS CL A	G7665A101
—	SOLARCITY CORP	15,700	$936K	0.0%	$70.59	—	COM	83416T100
EMBJ	EMBRAER S A	22,000	$863K	0.0%	$39.23	—	SP ADR REP 4 COM	29082A107
PBR	PETROLEO BRASILEIRO SA PETRO	50,000	$710K	0.0%	$13.81	—	SPONSORED ADR	71654V408
FMX	FOMENTO ECONOMICO MEXICANO S	6,550	$603K	0.0%	$92.06	—	SPON ADR UNITS	344419106
—	BRF SA	25,000	$595K	0.0%	$24.06	—	SPONSORED ADR	10552T107
ABEV	AMBEV SA	86,000	$563K	0.0%	$7.03	—	SPONSORED ADR	02319V103
VALE	VALE S A	50,000	$551K	0.0%	$11.02	—	ADR	91912E105
HOG	HARLEY DAVIDSON INC	8,950	$521K	0.0%	$63.94	0.0%	COM	412822108
DEO	DIAGEO P L C	4,300	$496K	0.0%	$127.21	—	SPON ADR	25243Q205
—	COMPANHIA BRASILEIRA DE DIST	9,500	$414K	0.0%	$43.58	—	SPN ADR PFD CL A	20440T201
—	QUICKSILVER RESOURCES INC	618,551	$373K	0.0%	$1.68	—	COM	74837R104
—	ARCH COAL INC	170,000	$360K	0.0%	$4.12	—	COM	039380100