Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EXAS	EXACT SCIENCES CORP	1,000,000	$19.38M	6.6%	—	—	Put	30063P105
EXAS	EXACT SCIENCES CORP	900,000	$17.44M	6.0%	—	—	Call	30063P105
—	NUVEEN NY AMT-FREE MUN INCOM	1,351,100	$17.29M	5.9%	$12.28	—	COM	670656107
—	COVIDIEN PLC	190,000	$16.44M	5.6%	$76.25	—	SHS	G2554F113
—	LEUCADIA NATIONAL CORP	645,000	$15.38M	5.2%	$23.84	—	COM	527288104
—	CASH AMERICA INTL INC	290,000	$12.7M	4.3%	$44.06	—	COM	14754D100
—	GEVO INC	16,100,000	$11.19M	3.8%	$0.67	—	NOTE 7.500% 7/0	374396AA7
—	CGI GROUP INC.	330,000	$11.14M	3.8%	—	—	Put	39945C109
NWS	NEWS CORP NEW	655,100	$10.57M	3.6%	$14.27	+6.0%	CL B	65249B208
RHP	RYMAN HOSPITALITY PPTYS INC	222,600	$10.53M	3.6%	$34.85	—	COM	78377T107
—	SIBANYE GOLD LTD	1,099,300	$9.322M	3.2%	$2.99	—	SPONSORED ADR	825724206
SLV	ISHARES SILVER TRUST	500,000	$8.175M	2.8%	—	—	Call	46428Q109
—	AMTRUST FINL SVCS INC	5,000,000	$7.95M	2.7%	$1.40	—	NOTE 5.500%12/1	032359AC5
—	DURECT CORP	5,274,124	$7.753M	2.6%	$1.25	—	COM	266605104
MU	MICRON TECHNOLOGY INC	218,000	$7.469M	2.5%	$14.15	+123.3%	COM	595112103
—	KINDER MORGAN ENERGY PARTNER	75,000	$6.996M	2.4%	—	—	Put	494550106
GLD	SPDR GOLD TRUST	60,000	$6.973M	2.4%	—	—	Put	78463V107
—	KKR & CO LP	291,000	$6.489M	2.2%	$22.30	—	COM UNITS	48248M102
—	STONEGATE MTG CORP	492,336	$6.395M	2.2%	$15.18	—	COM	86181Q300
—	IRSA INVERSIONES Y REP S A	464,500	$6.392M	2.2%	$7.73	—	GLOBL DEP RCPT	450047204
—	SEQUENTIAL BRANDS GROUP INC	500,000	$6.25M	2.1%	$5.40	—	COM NEW	817340201
RM	REGIONAL MANAGEMENT CORP	335,501	$6.022M	2.1%	$14.10	-1.8%	COM	75902K106
SLV	ISHARES SILVER TRUST	315,000	$5.15M	1.8%	—	—	Put	46428Q109
GLPI	GAMING & LEISURE PPTYS INC	160,000	$4.944M	1.7%	$45.98	—	COM	36467J108
BRK/B	BERKSHIRE HATHAWAY INC DEL	35,500	$4.904M	1.7%	$116.85	+14.0%	CL B NEW	084670702
—	XCERRA CORP	450,000	$4.406M	1.5%	$9.10	—	COM	98400J108
—	NATIONAL GEN HLDGS CORP	247,500	$4.18M	1.4%	$14.00	—	COM	636220303
—	CAESARS ACQUISITION CO-CL A	408,700	$3.87M	1.3%	$9.47	—	COM	12768T103
—	LINN ENERGY LLC	100,000	$3.014M	1.0%	$32.34	—	Put	536020100
—	APOLLO RESIDENTIAL MTG INC	175,200	$2.703M	0.9%	$16.23	—	COM	03763V102
CDXS	CODEXIS INC	1,062,500	$2.476M	0.8%	$2.14	+0.2%	COM	192005106
—	MDC HOLDINGS INC	93,340	$2.363M	0.8%	$29.58	—	COM	552676108
CRESY	CRESUD S A C I F Y A	216,400	$2.359M	0.8%	$10.74	—	SPONSORED ADR	226406106
—	VANGUARD NAT RES LLC	84,000	$2.307M	0.8%	—	—	Put	92205F106
—	GALMED PHARMACEUTICALS LTD	248,800	$2.14M	0.7%	$10.78	—	SHS	M47238106
XENWX	EATON VANCE NEW YORK MUN BD	173,076	$2.134M	0.7%	$11.71	—	COM	27827Y109
EZPW	EZCORP INC-CL A	150,000	$1.487M	0.5%	$10.37	0.0%	COM	302301106
—	WALTER ENERGY, INC.	625,000	$1.463M	0.5%	—	—	Put	93317Q105
—	HARVARD APPARATUS REGENER TE	164,800	$1.335M	0.5%	$9.31	—	COM	41690A106
—	WRIGHT MED GROUP INC	600,000	$1.29M	0.4%	$1.18	—	RIGHT 03/01/2019	98235T115
RIG	TRANSOCEAN LTD	40,000	$1.279M	0.4%	—	—	Put	H8817H100
—	MARKET VECTORS ETF TR	24,400	$1.211M	0.4%	—	—	Put	57060U100
—	NUVEEN NY DIVID ADVNTG MUN F	90,305	$1.204M	0.4%	$12.99	—	COM	67066X107
—	NUVEEN NY DIV ADVANTG MUN FD	88,291	$1.163M	0.4%	$12.55	—	COM	67070A101
—	LINN ENERGY LLC	32,902	$992K	0.3%	$32.34	—	UNIT LTD LIAB	536020100
—	BLACKHAWK NETWORK HLDGS INC	30,000	$969K	0.3%	$26.85	—	CL B	09238E203
ALEX	ALEXANDER & BALDWIN INC	25,000	$899K	0.3%	$35.96	—	COM	014491104
—	BOSTON PRIVATE FINL HLDGS IN	35,100	$871K	0.3%	$24.85	—	DEP SHS	101119303
—	ALLIANCE NEW YORK MUN INC FD	57,748	$726K	0.2%	$12.07	—	COM	018714105
—	SEARS HOMETOWN AND OUTLET ST	41,704	$646K	0.2%	$21.46	—	COM	812362101
—	ARIAD PHARMACEUTICALS INC	100,000	$540K	0.2%	$6.82	—	COM	04033A100
—	PREFERRED APT CMNTYS INC	56,222	$468K	0.2%	$8.94	—	COM	74039L103
—	BLACKROCK NY MUNI INC QLTY T	35,047	$456K	0.2%	$12.64	—	COM	09249U105
SID	COMPANHIA SIDERURGICA NACION	100,000	$355K	0.1%	—	—	Put	20440W105
NWSA	NEWS CORP	20,000	$327K	0.1%	$15.44	0.0%	CL A	65249B109
ZAZA	ZAZA ENERGY CORP	45,000	$163K	0.1%	$6.62	0.0%	COM	98919T407