Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HQY	HEALTHEQUITY INC	11,969,151	$300M	51.5%	$19.20	+60.0%	—	42226A107
—	QUINPARIO ACQUISITION CORP 2	1,993,930	$19.34M	3.3%	$9.81	—	—	74874U101
—	POTASH CORP. OF SASKATCHEWAN INC.	1,088,858	$18.64M	3.2%	$34.56	—	—	73755L107
—	PRECISION CASTPARTS CORP	71,150	$16.51M	2.8%	$229.87	—	—	740189105
—	WL ROSS HLDG CORP	1,503,381	$14.97M	2.6%	$10.12	—	—	92939D104
—	DOUBLE EAGLE ACQUISITION COR	1,287,675	$12.31M	2.1%	$9.56	—	—	G28195124
—	AR CAP ACQUISITION CORP	1,165,839	$11.34M	1.9%	$9.77	—	—	00191R109
—	ELECTRUM SPL ACQUISITION COR	1,170,747	$11.29M	1.9%	$9.64	—	—	G3105C104
—	NATIONAL PENN BANCSHARES INC	889,979	$10.97M	1.9%	$12.17	—	—	637138108
—	BOULEVARD ACQUISITION	968,974	$9.544M	1.6%	$9.85	—	—	10157Q102
—	HENNESSY CAP ACQUISITION COR	882,141	$8.504M	1.5%	$9.64	—	—	42588J100
—	SYMETRA FINL CORP	243,957	$7.751M	1.3%	$31.74	—	—	87151Q106
—	GORES HLDGS INC	767,680	$7.677M	1.3%	$10.09	—	—	382866200
—	TERRAPIN 3 ACQUISITION CORP	773,950	$7.631M	1.3%	$9.84	—	—	88104P104
—	CAPITOL ACQUISITION CORP III	769,280	$7.385M	1.3%	$9.60	—	—	14055M106
—	AIRGAS INC	48,000	$6.638M	1.1%	$138.30	—	CALL	009363102
—	KING DIGITAL ENTMT PLC	360,023	$6.437M	1.1%	$17.88	—	—	G5258J109
—	BOULEVARD ACQUISITION	642,389	$6.36M	1.1%	$9.97	—	—	10157Q201
—	HEARTLAND PMT SYS INC	66,350	$6.291M	1.1%	$94.82	—	—	42235N108
—	NORTHERN TIER ENERGY LP	204,843	$5.297M	0.9%	$25.86	—	—	665826103
—	CAPITOL ACQUISITION CORP III	506,942	$5.045M	0.9%	$9.95	—	—	14055M205
—	STANCORP FINL GROUP INC	43,209	$4.921M	0.8%	$114.12	—	—	852891100
—	CAMERON INTERNATIONAL CORP	75,300	$4.759M	0.8%	$63.20	—	CALL	13342B105
—	PACE HLDGS CORP	427,164	$4.357M	0.7%	$10.20	—	—	G6865N129
—	HYDRA INDS ACQUISITION CORP	442,336	$4.3M	0.7%	$9.56	—	—	448740100
—	METRO BANCORP INC PA	134,612	$4.224M	0.7%	$29.87	—	—	59161R101
—	GLOBAL PARTNER ACQUISITION C	306,596	$3.035M	0.5%	$9.90	—	—	37954X105
—	HARMONY MERGER CORP	306,872	$3.013M	0.5%	$9.85	—	—	413247107
—	DOUBLE EAGLE ACQUISITION COR	274,895	$2.749M	0.5%	$10.14	—	—	G28195108
—	CAMERON INTERNATIONAL CORP	43,272	$2.735M	0.5%	$63.20	—	—	13342B105
—	GARNERO GROUP ACQUISITION CO	276,782	$2.715M	0.5%	$9.55	—	—	G5866L108
—	PULASKI FINL CORP	167,744	$2.677M	0.5%	$15.96	—	—	745548107
—	AMERICAN RESIDENTIAL PPTYS I	133,609	$2.525M	0.4%	$18.90	—	—	02927E303
—	AR CAP ACQUISITION CORP	252,041	$2.452M	0.4%	$9.73	—	—	00191R208
—	EASTERLY ACQUISITION CORP	217,559	$2.208M	0.4%	$10.10	—	—	27616L201
—	PMC-SIERRA INC	188,968	$2.196M	0.4%	$11.62	—	—	69344F106
—	SIRONA DENTAL SYSTEMS INC	19,232	$2.107M	0.4%	$109.56	—	—	82966C103
—	AROWANA INC	192,320	$1.933M	0.3%	$10.08	—	—	G05011138
—	GORES HLDGS INC	192,320	$1.923M	0.3%	$10.00	—	—	382866101
—	TERRAPIN 3 ACQUISITION CORP	189,915	$1.912M	0.3%	$10.07	—	—	88104P203
—	NEWBRIDGE BANCORP	152,675	$1.86M	0.3%	$12.18	—	—	65080T102
—	AIRGAS INC	13,189	$1.824M	0.3%	$138.30	—	—	009363102
—	BIOMED REALTY TRUST INC	75,249	$1.783M	0.3%	$23.69	—	—	09063H107
—	DIAMOND FOODS INC	43,348	$1.671M	0.3%	$38.55	—	—	252603105
—	KEURIG GREEN MTN INC	202,700	$1.523M	0.3%	$90.00	—	CALL	49271M100
—	ATLANTIC ALLIANCE PARTNER CO	141,733	$1.433M	0.2%	$10.15	—	—	G04897107
—	PACE HLDGS CORP	144,240	$1.428M	0.2%	$9.90	—	—	G6865N103
—	BLOUNT INTL INC NEW	120,464	$1.182M	0.2%	$9.81	—	—	095180105
CNA	CNA FINL CORP	32,760	$1.152M	0.2%	$16.85	0.0%	—	126117100
—	1347 CAP CORP	115,462	$1.137M	0.2%	$9.56	—	—	68245V103
—	BOULDER BRANDS INC	96,160	$1.056M	0.2%	$10.98	—	—	101405108
—	ANDINA ACQUISITION CORP II	96,160	$954K	0.2%	$9.92	—	—	G0441P112
—	FINTECH ACQUISITION CORP	95,860	$935K	0.2%	$10.00	—	—	31809H100
—	LIBERTY GLOBAL PLC	21,482	$876K	0.2%	$40.78	—	—	G5480U120
—	KEURIG GREEN MTN INC	9,600	$864K	0.1%	$90.00	—	—	49271M100
—	VIACOM INC NEW	20,660	$850K	0.1%	$41.14	—	—	92553P201
—	INLAND REAL ESTATE CORP	25,625	$644K	0.1%	$25.13	—	—	457461507
PFE	PFIZER INC	19,300	$623K	0.1%	$20.38	0.0%	—	717081103
—	NATIONAL PENN BANCSHARES INC	47,800	$589K	0.1%	$12.17	—	CALL	637138108
—	GP INVTS ACQUISITION COR	51,701	$514K	0.1%	$10.04	—	—	G40357116
—	TELECOMMUNICATION SYS INC	98,561	$490K	0.1%	$4.97	—	—	87929J103
—	GP INVTS ACQUISITION COR	48,080	$462K	0.1%	$9.61	—	—	G40357124
VYX	NCR CORP NEW	13,400	$328K	0.1%	$15.93	0.0%	—	62886E108
—	HENNESSY CAP ACQUISITION COR	24,057	$236K	0.0%	$9.86	—	—	42588J209
—	BOARDWALK PIPELINE PARTNERS	14,726	$191K	0.0%	$12.97	—	—	096627104
—	PMC-SIERRA INC	48,600	$177K	0.0%	$11.62	—	CALL	69344F106
—	RITE AID CORP	119,400	$165K	0.0%	—	—	CALL	767754104
—	PRECISION CASTPARTS CORP	34,500	$155K	0.0%	$229.87	—	CALL	740189105
VYX	NCR CORP NEW	13,400	$139K	0.0%	$15.93	0.0%	PUT	62886E108
—	PARTNERRE LTD	26,500	$134K	0.0%	—	—	CALL	G6852T105
—	QUINPARIO ACQUISITION CORP 2	526,846	$108K	0.0%	$0.50	—	—	74874U119
—	GLOBAL PARTNER ACQUISITION C	259,092	$93,000	0.0%	$0.36	—	—	37954X113
—	WAUSAU PAPER CORP	8,859	$91,000	0.0%	$10.27	—	—	943315101
—	ACE LTD	14,400	$65,000	0.0%	$1.46	—	CALL	H0023R105
—	BOULEVARD ACQUISITION	96,160	$63,000	0.0%	$0.66	—	—	10157Q110
—	GARNERO GROUP ACQUISITION CO	258,619	$62,000	0.0%	$0.28	—	—	G5866L132
—	PRECISION CASTPARTS CORP	29,600	$54,000	0.0%	$229.87	—	PUT	740189105
—	DOUBLE EAGLE ACQUISITION COR	171,101	$45,000	0.0%	$0.26	—	—	G28195116
—	HYDRA INDS ACQUISITION CORP	174,492	$40,000	0.0%	$0.32	—	—	448740126
—	FINTECH ACQUISITION CORP	85,986	$21,000	0.0%	$0.34	—	—	31809H118
—	PACE HLDGS CORP	144,240	$20,000	0.0%	$0.14	—	—	G6865N111
—	HYDRA INDS ACQUISITION CORP	87,697	$19,000	0.0%	$0.18	—	—	448740118
—	WL ROSS HLDG CORP	55,918	$18,000	0.0%	$0.82	—	—	92939D112
—	GARNERO GROUP ACQUISITION CO	95,533	$12,000	0.0%	$0.12	—	—	G5866L116
—	AR CAP ACQUISITION CORP	54,189	$10,000	0.0%	$0.20	—	—	00191R117
—	HENNESSY CAP ACQUISITION COR	47,213	$9,000	0.0%	$0.19	—	—	42588J118
—	WAUSAU PAPER CORP	19,300	$4,000	0.0%	$10.27	—	PUT	943315101
—	1347 CAP CORP	97,833	$3,000	0.0%	$0.35	—	—	68245V111
—	PEP BOYS MANNY MOE & JACK	44,300	$2,000	0.0%	—	—	PUT	713278109
—	PMC-SIERRA INC	4,800	$0	0.0%	$11.62	—	PUT	69344F106