Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HQY	HEALTHEQUITY INC	15,394,151	$392M	51.9%	$19.20	+13.0%	—	42226A107
—	POTASH CORP. OF SASKATCHEWAN INC.	1,088,858	$38.46M	5.1%	$34.56	—	—	73755L107
—	VIACOM INC. CL A	294,374	$22.23M	2.9%	$77.01	—	—	92553P102
—	ROCKWOOD HOLDINGS INC.	259,146	$20.42M	2.7%	$77.50	—	—	774415103
—	COVANCE INC.	189,273	$19.65M	2.6%	$103.84	—	—	222816100
—	CAREFUSION CORP.	309,919	$18.39M	2.4%	$59.34	—	—	14170T101
—	PROTECTIVE LIFE CORP.	246,863	$17.19M	2.3%	$69.48	—	—	743674103
—	SIGMA-ALDRICH CORP.	115,688	$15.88M	2.1%	$136.80	—	—	826552101
—	CUBIST PHARMACEUTICALS INC cvt note 1.87%	9,598,000	$13.06M	1.7%	$1.36	—	—	229678AH0
—	CUBIST PHARMACEUTICALS INC cvt note 1.125%	7,679,000	$10.22M	1.4%	$1.33	—	—	229678AF4
BXMT	BLACKSTONE MORTGAGE TRU-CLA	350,000	$10.2M	1.4%	$27.10	—	—	09257W100
SPY	SPDR S&P 500 ETF TRUST	48,000	$9.866M	1.3%	$205.54	—	—	78462F103
—	HF2 FINANCIAL MANAGEMENT CL A	897,644	$9.344M	1.2%	$10.40	—	—	40421A104
—	CAPITAL ACQUISITION CORP 11	928,628	$9.175M	1.2%	$9.81	—	—	14056V105
—	AVIV REIT INC	229,997	$7.93M	1.1%	$34.48	—	—	05381L101
—	COVIDIEN PLC	74,480	$7.618M	1.0%	$102.28	—	—	G2554F113
—	GLIMCHER REALTY TRUST SH BEN INT	527,890	$7.253M	1.0%	$13.62	—	—	379302102
—	LEVY ACQUISITION CORP	697,967	$6.791M	0.9%	$9.70	—	—	52748T104
—	ALLERGAN INC.	31,586	$6.715M	0.9%	$212.59	—	—	018490102
—	DIRECTV	71,850	$6.229M	0.8%	$86.57	—	—	25490A309
—	AMREIT INC CL B	232,202	$6.163M	0.8%	$26.54	—	—	03216B208
—	DRESSER-RAND GROUP INC.	75,000	$6.135M	0.8%	$82.21	—	—	261608103
—	LIBERTY GLOBAL PLC SERIES C	120,867	$5.839M	0.8%	$48.31	—	—	G5480U120
—	FAMILY DOLLAR STORES INC.	71,857	$5.692M	0.8%	$77.24	—	—	307000109
QSR	RESTAURANT BRANDS INTL INC	120,896	$4.72M	0.6%	$38.08	0.0%	—	76131D103
—	GLOBAL DEFENSE & NATIONAL	440,818	$4.518M	0.6%	$10.26	—	—	37953N108
—	ARGO GROUP INTERNATIONAL	80,712	$4.477M	0.6%	$50.31	—	—	G0464B107
—	SAPIENT CORP	179,008	$4.454M	0.6%	$24.88	—	—	803062108
—	CAMBRIDGE CAPITAL ACQ	441,508	$4.371M	0.6%	$9.79	—	—	13215Q106
—	ROI ACQUISITION CORP	432,678	$4.253M	0.6%	$9.85	—	—	74966G101
—	TERRAPIN 3 ACQUISITION CORP CL A	431,627	$4.187M	0.6%	$9.72	—	—	88104P104
—	TWTY-FRT CNTRY CL B	110,569	$4.079M	0.5%	$35.34	—	—	90130A200
—	HERITAGE FINL GROUP INC	133,779	$3.465M	0.5%	$25.90	—	—	42726X102
—	DISCOVERY COMMUNICATNS NEW SER C	95,964	$3.236M	0.4%	$33.72	—	—	25470F302
—	TRW AUTOMOTIVE HOLDINGS CORP.	30,703	$3.158M	0.4%	$101.79	—	—	87264S106
—	AVANIR PHARMACEUTICALS INC	177,563	$3.01M	0.4%	$16.95	—	—	05348P401
—	AR CAPITAL ACQUISITION CORP	295,234	$2.864M	0.4%	$9.70	—	—	00191R109
—	HYDRA INDS ACQUISITION CORP	287,940	$2.727M	0.4%	$9.47	—	—	448740100
—	* TRW AUTOMOTIVE HLDGS CORP COM	591,400	$2.58M	0.3%	$101.79	—	CALL	87264S106
—	GARNER ACQUISITION GROUP	258,714	$2.471M	0.3%	$9.53	—	—	G5866L108
NWS	NEWS CORP/NEW-CL B-W/I	116,588	$1.758M	0.2%	$15.12	-12.8%	—	65249B208
—	HENNESSY CAPITAL ACQ	166,544	$1.624M	0.2%	$9.80	—	—	425886108
—	* ALLERGAN INC COM	104,500	$1.589M	0.2%	$212.59	—	CALL	018490102
WRB	W.R. BERKLEY CORP.	30,260	$1.551M	0.2%	$11.66	0.0%	—	084423102
—	TRIQUINT SEMICONDUCTOR INC	53,553	$1.466M	0.2%	$27.37	—	—	89674K103
—	TIME WARNER CABLE INC	9,582	$1.457M	0.2%	$143.50	—	—	88732J207
—	MEDIA GENERAL INC WI	75,823	$1.269M	0.2%	$16.74	—	—	58441K100
—	* DRESSER-RAND GROUP INC COM	154,400	$1.259M	0.2%	$82.21	—	CALL	261608103
—	LIBERTY BROADBAND CORP	127,657	$1.213M	0.2%	$9.50	—	—	530307115
—	1347 CAPITAL CORP	114,984	$1.088M	0.1%	$9.56	—	—	68245V103
VTR	VENTAS INC.	13,481	$967K	0.1%	$48.29	0.0%	—	92276F100
CMCSA	COMCAST A CORP	16,214	$941K	0.1%	$21.17	+0.4%	—	20030N101
—	SINO MERCURY ACQUISITION COR	95,810	$939K	0.1%	$9.80	—	—	82936K102
—	INTERNATIONAL GAME TECHNOLOGY	49,098	$847K	0.1%	$16.87	—	—	459902102
—	BROOKFIELD RESIDENTIAL PROPE	32,753	$788K	0.1%	$24.06	—	—	11283W104
—	HUDSON VALLEY HOLDING CORP	22,655	$615K	0.1%	$27.15	—	—	444172100
—	WL ROSS HOLDING CORP	52,137	$535K	0.1%	$9.89	—	—	92939D104
—	PANTRY INC	9,676	$359K	0.0%	$37.10	—	—	698657103
—	* PROTECTIVE LIFE CORP COM	74,000	$352K	0.0%	$69.48	—	CALL	743674103
T	* AT&T INC COM	136,900	$350K	0.0%	—	—	PUT	00206R102
—	PROSENSA HOLDING NV	16,782	$315K	0.0%	$18.77	—	—	N71546100
—	WL ROSS HOLDING CORP	170,605	$201K	0.0%	$0.82	—	—	92939D112
—	*TALISMAN ENERGY INC	96,000	$185K	0.0%	$1.93	—	—	87425E103
—	* INTERNATIONAL RECTIFIER CORP COM	49,300	$185K	0.0%	$39.24	—	CALL	460254105
QSR	*RESTAURANT BRANDS INTL INC	129,500	$172K	0.0%	$38.08	0.0%	PUT	76131D103
—	* SIGMA ALDRICH CORP COM	20,700	$166K	0.0%	$136.80	—	CALL	826552101
—	* MEDIA GEN INC COM	19,900	$158K	0.0%	—	—	PUT	584404107
—	*NPS PHARMACEUTICALS INC	50,000	$133K	0.0%	$2.66	—	—	62936P103
—	* COVIDIEN PLC SHS	10,100	$124K	0.0%	$102.28	—	PUT	G2554F113
—	* COVIDIEN PLC SHS	9,500	$124K	0.0%	$102.28	—	CALL	G2554F113
—	* TIME WARNER CABLE INC COM	20,000	$105K	0.0%	$143.50	—	CALL	88732J207
—	HYDRA INDS ACQUISITION CORP	287,940	$92,000	0.0%	$0.32	—	—	448740126
—	* SAPIENT CORP COM	24,400	$79,000	0.0%	$24.88	—	CALL	803062108
—	GARNERO GROUP ACQUITION RTS	258,714	$78,000	0.0%	$0.28	—	—	G5866L132
—	PETSMART INC	28,500	$74,000	0.0%	—	—	CALL	716768106
—	HENNESSY CAPITAL ACQ CW19	165,107	$58,000	0.0%	$0.52	—	—	425886116
—	ROI ACQUISITION CORP CW18	168,483	$44,000	0.0%	$0.22	—	—	74966G119
—	1347 CAPITAL CORP RTS	114,984	$40,000	0.0%	$0.35	—	—	68245V111
—	HYDRA INDS ACQUISITION CORP	167,965	$30,000	0.0%	$0.18	—	—	448740118
—	SINO MERCURY ACQUISITION COR	95,810	$29,000	0.0%	$0.30	—	—	82936K110
—	AR CAPITAL ACQUISITION CORP	134,804	$27,000	0.0%	$0.20	—	—	00191R117
—	CAMBRIDGE CAPITAL ACQ CW18	82,440	$26,000	0.0%	$0.37	—	—	13215Q114
—	*RIVERBED TECH INC	19,200	$18,000	0.0%	—	—	CALL	768573107
—	GARNERO ACQUISITION GROUP CW19	95,533	$11,000	0.0%	$0.12	—	—	G5866L116
—	VOLCANO CORPORATION	198,500	$0	0.0%	—	—	PUT	928645100