Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HQY	HEALTHEQUITY INC	15,394,151	$44.09M	12.8%	$19.20	0.0%	—	42226A107
—	POTASH CORP. OF SASKATCHEWAN INC.	1,088,858	$37.63M	11.0%	$34.56	—	—	73755L107
—	VIACOM INC. CL A	299,902	$23.09M	6.7%	$77.01	—	—	92553P102
—	CONCUR TECHNOLOGIES INC	11,497,000	$15M	4.4%	$1.30	—	—	206708AC3
—	PROTECTIVE LIFE CORP.	173,104	$12.02M	3.5%	$69.41	—	—	743674103
—	ROCKWOOD HOLDINGS INC.	143,716	$10.99M	3.2%	$76.45	—	—	774415103
BXMT	BLACKSTONE MORTGAGE TRU-CLA	387,192	$10.49M	3.1%	$27.10	—	—	09257W100
—	WILLIAMS PARTNERS L.P.	181,432	$9.625M	2.8%	$53.05	—	—	96950F104
—	HF2 FINANCIAL MANAGEMENT CLA	897,644	$9.335M	2.7%	$10.40	—	—	40421A104
—	INTL RECTIFIER CORP	233,470	$9.161M	2.7%	$39.24	—	—	460254105
—	CAPITOL ACQUISITION CORP 11	928,628	$9.11M	2.7%	$9.81	—	—	14056V105
—	SLVR EAGL ACQUISITION	889,471	$8.841M	2.6%	$9.94	—	—	827694100
—	OMNIAMERICAN BANCORP INC	281,228	$7.309M	2.1%	$25.99	—	—	68216R107
—	ATHLON ENERGY INC	121,785	$7.092M	2.1%	$58.23	—	—	047477104
—	URS CORP.	111,080	$6.399M	1.9%	$57.61	—	—	903236107
—	1ST UNITED BANCORP ONC/NORTH	728,815	$6.21M	1.8%	$8.52	—	—	33740N105
—	SIGMA-ALDRICH CORP.	43,020	$5.851M	1.7%	$136.01	—	—	826552101
—	FAMILY DOLLAR STORES INC.	71,857	$5.55M	1.6%	$77.24	—	—	307000109
—	DRESSER-RAND GROUP INC.	65,287	$5.371M	1.6%	$82.27	—	—	261608103
—	ANNIES INC	113,249	$5.198M	1.5%	$45.90	—	—	03600T104
—	TIM HORTONS INC.	59,772	$4.711M	1.4%	$78.82	—	—	88706M103
—	LEVY ACQUISITION CORP	481,158	$4.658M	1.4%	$9.68	—	—	52748T104
—	LIN MEDIA LLC-A	201,150	$4.466M	1.3%	$22.20	—	—	532771102
—	GLIMCHER REALTY TRUST	311,383	$4.216M	1.2%	$13.54	—	—	379302102
—	DIRECTV	47,901	$4.144M	1.2%	$86.51	—	—	25490A309
—	ARGO GROUP INTERNATIONAL	80,712	$4.061M	1.2%	$50.31	—	—	G0464B107
—	GLOBAL DEFENSE & NATIONAL	371,653	$3.813M	1.1%	$10.26	—	—	37953N108
—	EINSTEIN NOAH RESTAURANT GRO	183,829	$3.706M	1.1%	$20.16	—	—	28257U104
—	DISCOVERY COMMUNICATIONS-A	95,810	$3.622M	1.1%	$37.80	—	—	25470F104
—	ROI ACQUISITION CORP	336,442	$3.314M	1.0%	$9.85	—	—	74966G101
—	TERRAPIN 3 ACQUISITION CORP	335,817	$3.267M	1.0%	$9.73	—	—	88104P104
—	FOSTER WHEELER	95,810	$3.03M	0.9%	$31.63	—	—	H27178104
L	LOEWS CORP.	70,900	$2.954M	0.9%	$40.71	0.0%	—	540424108
—	AMERICAN REALTY CAPITAL HEAL	258,749	$2.712M	0.8%	$10.48	—	—	02917R108
CUK	CARNIVAL PLC (ADS)	67,162	$2.683M	0.8%	$39.95	—	—	14365C103
—	GARNERO ACQUISITION GROUP	258,714	$2.466M	0.7%	$9.53	—	—	G5866L108
—	CAMBRIDGE CAPITAL ACQ	248,612	$2.412M	0.7%	$9.70	—	—	13215Q106
—	MERGEWORTHRX CORP	276,086	$2.272M	0.7%	$8.23	—	—	58952R106
—	TRW AUTOMOTIVE HOLDINGS CORP.	20,503	$2.076M	0.6%	$101.25	—	—	87264S106
—	TRW AUTOMOTIVE HLDGS CORP COM	525,700	$2.051M	0.6%	$101.25	—	CALL	87264S106
LBTYAUSD	LIBERTY GLOBAL PLC A	46,948	$1.997M	0.6%	$42.54	—	—	G5480U104
—	INTERNATIONAL GAME TECHNOLOGY	116,900	$1.972M	0.6%	$16.87	—	—	459902102
NWS	NEWS CORP/NEW-CL B-W/I	116,588	$1.881M	0.5%	$15.12	0.0%	—	65249B208
—	QUARTET MERGER CORP	172,116	$1.649M	0.5%	$9.58	—	—	747717106
—	CONVERSANT INC	47,900	$1.641M	0.5%	$34.26	—	—	21249J105
—	HENNESSY CAPITAL ACQ	166,544	$1.632M	0.5%	$9.80	—	—	425886108
—	WL ROSS HOLDING CORP	161,563	$1.598M	0.5%	$9.89	—	—	92939D104
—	TWTY-FRT CNTRY B	47,905	$1.596M	0.5%	$33.32	—	—	90130A200
—	TIME WARNER CABLE INC.	9,582	$1.375M	0.4%	$143.50	—	—	88732J207
—	DRESSER-RAND GROUP INC COM	144,800	$1.205M	0.4%	$82.27	—	CALL	261608103
—	CONCUR TECHNOLOGIES INC	9,500	$1.205M	0.4%	$126.84	—	—	206708109
—	1347 CAPITAL CORP	114,984	$1.099M	0.3%	$9.56	—	—	68245V103
—	SINO MERCURY ACQUISITION COR	95,810	$958K	0.3%	$10.00	—	—	82936K201
—	BALLY TECHNOLOGIES INC COM	139,500	$935K	0.3%	—	—	CALL	05874B107
—	BOLT TECHNOLOGY CORP.	40,610	$891K	0.3%	$21.94	—	—	097698104
CMCSA	COMCAST CORP. CL A	16,214	$872K	0.3%	$21.17	0.0%	—	20030N101
—	KINDER MORGAN ENERGY PARTNERS L.P.	8,165	$762K	0.2%	$93.33	—	—	494550106
—	TIME WARNER CABLE INC COM	109,600	$709K	0.2%	$143.50	—	CALL	88732J207
—	EL PASO PIPELINE PARTNERS L.P.	12,638	$508K	0.1%	$40.20	—	—	283702108
—	QR ENERGY LP	23,977	$466K	0.1%	$19.44	—	—	74734R108
—	RF MICRO DEVICES INC.	40,121	$463K	0.1%	$11.54	—	—	749941100
—	PROTECTIVE LIFE CORP COM	74,000	$355K	0.1%	$69.41	—	CALL	743674103
—	CONCUR TECHNOLOGIES INC COM	50,100	$276K	0.1%	$126.84	—	CALL	206708109
—	SHIRE PLC SPONSORED ADR	18,200	$274K	0.1%	—	—	CALL	82481R106
—	BURGER KING WORLDWIDE INC COM	47,900	$265K	0.1%	—	—	PUT	121220107
—	MEDIA GEN INC COM	19,900	$248K	0.1%	—	—	PUT	584404107
—	WL ROSS HOLDING CORP	285,419	$234K	0.1%	$0.82	—	—	92939D112
—	INTERNATIONAL RECTIFIER CORP COM	49,300	$229K	0.1%	$39.24	—	CALL	460254105
T	AT&T INC COM	91,300	$180K	0.1%	—	—	PUT	00206R102
—	SIGMA ALDRICH CORP COM	20,700	$165K	0.0%	$136.01	—	CALL	826552101
—	TIBCO SOFTWARE INC COM	47,900	$159K	0.0%	—	—	CALL	88632Q103
—	TERRAPIN 3 ACQUISITION COR A	335,817	$107K	0.0%	$0.32	—	—	88104P112
—	SILVER EAGLE ACQUISITION	234,860	$106K	0.0%	$0.45	—	—	827694118
—	HENNESSY CAPITAL ACQ CW19	166,544	$87,000	0.0%	$0.52	—	—	425886116
—	GARNERO GROUP ACQUITION RTS	258,714	$72,000	0.0%	$0.28	—	—	G5866L132
—	CAMBRIDGE CAPITAL ACQ CW18	186,267	$69,000	0.0%	$0.37	—	—	13215Q114
—	BREITBURN ENERGY PARTNERS LP COM UT LTD PTN	23,500	$65,000	0.0%	—	—	PUT	106776107
—	RACKSPACE HOSTING INC COM	23,900	$47,000	0.0%	—	—	CALL	750086100
—	ROI ACQUISITION CORP CW18	191,240	$42,000	0.0%	$0.22	—	—	74966G119
—	1347 CAPITAL CORP RTS	114,984	$40,000	0.0%	$0.35	—	—	68245V111
—	FAMILY DLR STORES INC COM	95,800	$37,000	0.0%	$77.24	—	CALL	307000109
—	GARNERO ACQUISITION GROUP CW19	258,714	$31,000	0.0%	$0.12	—	—	G5866L116
—	1347 CAPITAL CORP - CW	114,984	$23,000	0.0%	$0.20	—	—	68245V129
—	COLLABRIUM JAPAN ACQUISITION	45,225	$9,000	0.0%	$0.20	—	—	G2266G110
—	WASHINGTON PRIME GROUP INC COM	56,500	$8,000	0.0%	—	—	CALL	939647103
—	TIME WARNER INC COM NEW	47,800	$7,000	0.0%	—	—	CALL	887317303
—	AMERICAN RLTY CAP PPTYS INC COM	47,800	$2,000	0.0%	—	—	CALL	02917T104
VLY	VALLEY NATL BANCORP COM	230,400	$2,000	0.0%	—	—	CALL	919794107
—	CRUMBS BAKE SHOP EQUITY WARRANTS E	190,420	$0	0.0%	—	—	—	228803110
—	INTERMUNE INC COM DELETED	14,800	$0	0.0%	—	—	PUT	45884X103