Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TRUST	159,273	$26.76B	40.9%	$166550.53	—	ETF	78462F103
SPY	SPDR S&P 500 ETF TRUST	4,020	$4.136B	6.3%	$166550.53	—	Call	78462F103
—	ONYX PHARMACEUTICALS INC	31,000	$3.866B	5.9%	$124700.00	—	COM	683399109
—	PNC FINANCIAL SERVICES-CW18	185,674	$2.859B	4.4%	$15100.00	—	WTS	693475121
—	COMERICA INC-CW18	184,400	$2.554B	3.9%	$13700.00	—	WTS	200340115
SPY	SPDR S&P 500 ETF TRUST	3,154	$2.545B	3.9%	$166550.53	—	Put	78462F103
AAPL	APPLE INC	3,818	$1.82B	2.8%	$14.28	0.0%	COM	037833100
DIS	WALT DISNEY CO/THE	15,743	$1.015B	1.6%	$56.94	0.0%	COM	254687106
—	CHIMERA INVESTMENT CORP	280,000	$851M	1.3%	$3000.00	—	COM	16934Q109
—	CAPITAL ONE FINANCIAL C-CW18	25,000	$727M	1.1%	$24230.00	—	WTS	14040H139
WFC	WELLS FARGO & CO	17,550	$725M	1.1%	$27.36	+10.3%	COM	949746101
MUB	ISHARES NATIONAL AMT-FREE MU	6,894	$720M	1.1%	$105039.89	—	ETF	464288414
EWW	ISHARES MSCI MEXICO CAPPED	8,500	$543M	0.8%	$63890.00	—	ETF	464286822
MRK	MERCK & CO. INC.	10,678	$508M	0.8%	$30.97	0.0%	COM	58933Y105
SAIC	SCIENCE APPLICATIONS INTE	13,659	$461M	0.7%	$31.48	0.0%	COM	808625107
BAC	BANK OF AMERICA CORP	33,114	$457M	0.7%	$10.03	+12.0%	COM	060505104
—	DELL INC	32,300	$444M	0.7%	$13324.99	—	COM	24702R101
XOM	EXXON MOBIL CORP	4,960	$427M	0.7%	$53.69	+0.9%	COM	30231G102
—	GOLDCORP INC	16,138	$420M	0.6%	$26009.98	—	COM	380956409
CAT	CATERPILLAR INC	4,787	$399M	0.6%	$61.55	+0.1%	COM	149123101
—	DIRECTV	6,560	$392M	0.6%	$61639.96	—	COM	25490A309
IBM	INTL BUSINESS MACHINES CORP	2,058	$381M	0.6%	$118.94	-6.2%	COM	459200101
JPM	JPMORGAN CHASE & CO	7,135	$369M	0.6%	$36.24	+6.3%	COM	46625H100
—	BARRICK GOLD CORP	19,385	$361M	0.6%	$18619.97	—	COM	067901108
—	GENERAL ELECTRIC CO	15,056	$360M	0.6%	$23190.00	—	COM	369604103
NWSA	NEWS CORP - CLASS A	22,350	$359M	0.5%	$14.03	0.0%	COM	65249B109
HD	HOME DEPOT INC	4,641	$352M	0.5%	$56.05	+3.2%	COM	437076102
GFI	GOLD FIELDS LTD-SPONS ADR	74,786	$342M	0.5%	$4570.00	—	COM	38059T106
C	CITIGROUP INC	6,700	$325M	0.5%	$35.76	+5.2%	COM	172967424
MUSA	MURPHY USA INC	8,010	$324M	0.5%	$38.02	0.0%	COM	626755102
WDC	WESTERN DIGITAL CORP	5,100	$323M	0.5%	$35.69	+13.1%	COM	958102105
—	TCF FINANCIAL CORP-CW18	144,200	$323M	0.5%	$2020.00	—	WTS	872275128
AXP	AMERICAN EXPRESS CO	4,241	$320M	0.5%	$59.62	+6.1%	COM	025816109
NEM	NEWMONT MINING CORP	10,135	$285M	0.4%	$22.61	0.0%	COM	651639106
RGLD	ROYAL GOLD INC	5,765	$281M	0.4%	$51.85	0.0%	COM	780287108
ORCL	ORACLE CORP	8,412	$279M	0.4%	$27.07	0.0%	COM	68389X105
BRK/B	BERKSHIRE HATHAWAY INC-CL B	2,435	$276M	0.4%	$115.36	0.0%	COM	084670702
—	RITE AID CORP	52,400	$249M	0.4%	$3552.56	—	COM	767754104
—	ELDORADO GOLD CORP	37,151	$249M	0.4%	$6709.99	—	COM	284902103
AEM	AGNICO EAGLE MINES LTD	9,216	$244M	0.4%	$23.06	0.0%	COM	008474108
NGD	NEW GOLD INC	40,689	$243M	0.4%	$6.81	0.0%	COM	644535106
—	NV ENERGY INC	10,000	$236M	0.4%	$23610.00	—	COM	67073Y106
MSI	MOTOROLA SOLUTIONS INC	3,951	$235M	0.4%	$46.77	0.0%	COM	620076307
MUR	MURPHY OIL CORP	3,860	$233M	0.4%	$37.73	0.0%	COM	626717102
—	INVESCO MORTGAGE CAPITAL	15,000	$231M	0.4%	$16560.00	—	COM	46131B100
PMT	PENNYMAC MORTGAGE INVESTMENT	10,000	$227M	0.3%	$21050.00	—	COM	70931T103
T	AT&T INC	6,667	$225M	0.3%	$11.40	-3.9%	COM	00206R102
—	XEROX CORP	21,277	$219M	0.3%	$10289.98	—	COM	984121103
GS	GOLDMAN SACHS GROUP INC	1,380	$218M	0.3%	$127.13	0.0%	COM	38141G104
—	ELAN CORP PLC -SPONS ADR	13,800	$215M	0.3%	$14140.00	—	COM	284131208
BVN	CIA DE MINAS BUENAVENTUR-ADR	17,900	$210M	0.3%	$11710.00	—	COM	204448104
ADBE	ADOBE SYSTEMS INC	4,006	$208M	0.3%	$47.71	0.0%	COM	00724F101
XLF	FINANCIAL SELECT SECTOR SPDR	10,200	$203M	0.3%	$19905.00	—	ETF	81369Y605
—	RANDGOLD RESOURCES LTD-ADR	2,830	$202M	0.3%	$71529.68	—	COM	752344309
—	HEWLETT-PACKARD CO	9,579	$201M	0.3%	$20989.98	—	COM	428236103
BTG	B2GOLD CORP	70,052	$174M	0.3%	$2.16	0.0%	COM	11777Q209
—	HUDSON CITY BANCORP INC	19,200	$174M	0.3%	$9175.00	—	COM	443683107
IAG	IAMGOLD CORP	35,195	$167M	0.3%	$5.24	0.0%	COM	450913108
—	SANOFI CVR	75,800	$153M	0.2%	$1900.00	—	COM	80105N113
PAAS	PAN AMERICAN SILVER CORP	14,180	$150M	0.2%	$12.17	0.0%	COM	697900108
EEM	ISHARES MSCI EMERGING MARKET	3,600	$147M	0.2%	$38500.00	—	ETF	464287234
—	NEWCASTLE INVESTMENT CORP	25,700	$144M	0.2%	$5620.00	—	COM	65105M108
—	SILVER STANDARD RESOURCES	23,481	$144M	0.2%	$6149.99	—	COM	82823L106
—	FIRST NIAGARA FINANCIAL GRP	13,726	$142M	0.2%	$10369.95	—	COM	33582V108
HMY	HARMONY GOLD MNG-SPON ADR	41,160	$139M	0.2%	$3379.98	—	COM	413216300
AG	FIRST MAJESTIC SILVER CORP	11,331	$134M	0.2%	$12.90	0.0%	COM	32076V103
—	STRAIGHT PATH COMM- B	24,400	$128M	0.2%	$5260.00	—	COM	862578101
EEM	ISHARES MSCI EMERGING MARKET	36	$126M	0.2%	$38500.00	—	Put	464287234
SAN	BANCO SANTANDER SA-SPON ADR	15,200	$124M	0.2%	$8170.00	—	COM	05964H105
—	ALLIANZGI CONVERTIBLE & INCO	13,100	$124M	0.2%	$9170.00	—	ETF	018828103
EEM	ISHARES MSCI EMERGING MARKET	500	$119M	0.2%	$38500.00	—	Call	464287234
—	SIRIUS XM RADIO INC	27,500	$107M	0.2%	$3350.00	—	COM	82967N108
—	AURICO GOLD INC	24,930	$94.98M	0.1%	$3809.99	—	COM	05155C105
—	RF MICRO DEVICES INC	16,400	$92.5M	0.1%	$5345.00	—	COM	749941100
—	FOREST OIL CORP	15,100	$92.11M	0.1%	$6100.00	—	COM	346091705
—	SHANDA GAMES LTD-SPONS ADR	23,100	$90.32M	0.1%	$3910.00	—	COM	81941U105
—	YONGYE INTERNATIONAL INC	16,400	$87.25M	0.1%	$5320.00	—	COM	98607B106
HL	HECLA MINING CO	23,661	$74.3M	0.1%	$3.08	0.0%	COM	422704106
LSCC	LATTICE SEMICONDUCTOR CORP	14,600	$65.12M	0.1%	$5070.00	—	COM	518415104
—	PARKER DRILLING CO	11,400	$64.98M	0.1%	$5700.00	—	COM	701081101
—	SYNOVUS FINANCIAL CORP	18,700	$61.71M	0.1%	$2920.00	—	COM	87161C105
—	ALLIED NEVADA GOLD CORP	14,363	$60.04M	0.1%	$4179.98	—	COM	019344100
—	LIBERTY ALL STAR EQUITY FUND	10,244	$55.42M	0.1%	$5199.97	—	ETF	530158104
—	VALLEY NATIONAL BANCORP-CW18	76,000	$50.16M	0.1%	$700.00	—	WTS	919794131
—	GASTAR EXPLORATION LTD	11,100	$43.84M	0.1%	$2670.00	—	COM	367299203
—	TANZANIAN ROYALTY EXPLORATIO	13,061	$33.04M	0.1%	$2529.97	—	COM	87600U104
—	GOLDEN STAR RESOURCES LTD	82,511	$33M	0.1%	$420.00	—	COM	38119T104
VGZ	VISTA GOLD CORP	13,760	$6.343M	0.0%	$1.47	-44.1%	COM	927926303
AAPL	APPLE INC	15	$5.512M	0.0%	$14.28	0.0%	Call	037833100
IYR	ISHARES US REAL ESTATE ETF	245	$1.347M	0.0%	—	—	Call	464287739