JET CAPITAL INVESTORS L P Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
K	New	KELLANOVAcall	$8,200,478	–	137,800	–	12.31%	–
VMW	Sell	VMWARE INC	$7,545,207	-84.8%	45,322	-86.9%	11.33%	+18.2%
ATVI	Sell	ACTIVISION BLIZZARD INC	$7,424,110	-78.0%	79,292	-80.2%	11.15%	+71.5%
SGEN	New	SEAGEN INC	$6,662,359	–	31,404	–	10.00%	–
IWM	Sell	ISHARES TRput	$6,433,336	-31.3%	36,400	-27.2%	9.66%	+435.2%
AVGO	Sell	BROADCOM INCcall	$4,817,364	-85.4%	5,800	-84.7%	7.23%	+13.8%
PNM	Sell	PNM RES INC	$4,000,357	-82.1%	89,674	-81.9%	6.01%	+39.6%
	New	LIBERTY MEDIA CORP DEL	$3,793,781	–	149,068	–	5.70%	–
	New	ATLANTA BRAVES HLDGS INC	$3,678,189	–	102,944	–	5.52%	–
SIRI	Sell	SIRIUS XM HOLDINGS INCput	$3,186,148	-85.0%	704,900	-85.0%	4.78%	+16.5%
ABCM	Sell	ABCAM PLCads	$3,093,159	-82.3%	136,684	-80.9%	4.64%	+37.7%
	New	LIBERTY MEDIA CORP DELcall	$1,728,055	–	67,900	–	2.60%	–
X	New	UNITED STATES STL CORP NEW	$1,527,372	–	47,025	–	2.29%	–
EURN	Sell	EURONAV NV	$1,393,740	-81.3%	84,829	-82.7%	2.09%	+45.5%
BMYRT	New	BMY-Rright 99/99/9999	$1,265,960	–	562,649	–	1.90%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$950,441	–	31,347	–	1.43%	–
	Sell	BIOHAVEN LTD	$490,132	-88.6%	18,844	-89.5%	0.74%	-11.3%
CLF	New	CLEVELAND-CLIFFS INC NEWput	$407,943	–	26,100	–	0.61%	–
GTX	Exit	GARRETT MOTION INC	$0	–	-49,174	–	-0.07%	–
SIRI	Exit	SIRIUS XM HOLDINGS INCcall	$0	–	-1,220,900	–	-1.07%	–
EURN	Exit	EURONAV NVcall	$0	–	-367,800	–	-1.08%	–
K	Exit	KELLOGG CO	$0	–	-125,000	–	-1.62%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOGcall	$0	–	-300,000	–	-1.84%	–
AMC	Exit	AMC ENTMT HLDGS INCput	$0	–	-2,313,300	–	-1.96%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-55,000	–	-2.20%	–
NWSA	Exit	NEWS CORP NEWcl a	$0	–	-625,000	–	-2.35%	–
LSXMA	Exit	LIBERTY MEDIA CORP DELcall	$0	–	-500,000	–	-3.16%	–
DEN	Exit	DENBURY INC	$0	–	-200,000	–	-3.33%	–
SPB	Exit	SPECTRUM BRANDS HLDGS INC NE	$0	–	-250,000	–	-3.76%	–
VMW	Exit	VMWARE INCcall	$0	–	-148,000	–	-4.10%	–
FOCS	Exit	FOCUS FINL PARTNERS INC	$0	–	-420,000	–	-4.25%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-620,000	–	-4.74%	–
GMED	Exit	GLOBUS MED INCcl a	$0	–	-468,750	–	-5.38%	–
IWM	Exit	ISHARES TRcall	$0	–	-150,000	–	-5.42%	–
LSXMA	Exit	LIBERTY MEDIA CORP DEL	$0	–	-1,130,000	–	-7.15%	–
ATVI	Exit	ACTIVISION BLIZZARD INCcall	$0	–	-506,200	–	-8.23%	–

Q2 2023

			Value		Shares		↓ Weighting
VMW	New	VMWARE INC	$49,716,740	–	346,000	–	9.58%	–
ATVI	New	ACTIVISION BLIZZARD INCcall	$42,672,660	–	506,200	–	8.23%	–
LSXMA	New	LIBERTY MEDIA CORP DEL	$37,075,300	–	1,130,000	–	7.15%	–
ATVI	New	ACTIVISION BLIZZARD INC	$33,720,000	–	400,000	–	6.50%	–
AVGO	New	BROADCOM INCcall	$32,962,340	–	38,000	–	6.36%	–
IWM	New	ISHARES TRcall	$28,090,500	–	150,000	–	5.42%	–
GMED	New	GLOBUS MED INCcl a	$27,909,375	–	468,750	–	5.38%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$24,564,400	–	620,000	–	4.74%	–
PNM	New	PNM RES INC	$22,324,500	–	495,000	–	4.30%	–
FOCS	New	FOCUS FINL PARTNERS INC	$22,054,200	–	420,000	–	4.25%	–
SIRI	New	SIRIUS XM HOLDINGS INCput	$21,291,000	–	4,700,000	–	4.10%	–
VMW	New	VMWARE INCcall	$21,266,120	–	148,000	–	4.10%	–
SPB	New	SPECTRUM BRANDS HLDGS INC NE	$19,512,500	–	250,000	–	3.76%	–
ABCM	New	ABCAM PLCads	$17,496,050	–	715,000	–	3.37%	–
DEN	New	DENBURY INC	$17,252,000	–	200,000	–	3.33%	–
LSXMA	New	LIBERTY MEDIA CORP DELcall	$16,405,000	–	500,000	–	3.16%	–
NWSA	New	NEWS CORP NEWcl a	$12,187,500	–	625,000	–	2.35%	–
PXD	New	PIONEER NAT RES CO	$11,394,900	–	55,000	–	2.20%	–
AMC	New	AMC ENTMT HLDGS INCput	$10,178,520	–	2,313,300	–	1.96%	–
IGT	New	INTERNATIONAL GAME TECHNOLOGcall	$9,567,000	–	300,000	–	1.84%	–
IWM	New	ISHARES TRput	$9,363,500	–	50,000	–	1.80%	–
K	New	KELLOGG CO	$8,425,000	–	125,000	–	1.62%	–
EURN	New	EURONAV NV	$7,457,800	–	490,000	–	1.44%	–
EURN	New	EURONAV NVcall	$5,597,916	–	367,800	–	1.08%	–
SIRI	New	SIRIUS XM HOLDINGS INCcall	$5,530,677	–	1,220,900	–	1.07%	–
	New	BIOHAVEN LTD	$4,305,600	–	180,000	–	0.83%	–
GTX	New	GARRETT MOTION INC	$372,247	–	49,174	–	0.07%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	BIOHAVEN LTD	$0	–	-115,000	–	-0.15%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-20,000	–	-0.27%	–
CHNG	Exit	CHANGE HEALTHCARE INC	$0	–	-155,000	–	-0.89%	–
STAR	Exit	ISTAR INC	$0	–	-475,000	–	-0.92%	–
BMYRT	Exit	BMY-Rright 99/99/9999	$0	–	-2,761,301	–	-1.15%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-75,000	–	-1.16%	–
KNBE	Exit	KNOWBE4 INCcall	$0	–	-283,700	–	-1.23%	–
BATRK	Exit	LIBERTY MEDIA CORP DEL	$0	–	-335,000	–	-1.92%	–
TSEM	Exit	TOWER SEMICONDUCTOR LTD	$0	–	-425,000	–	-3.89%	–
TWTR	Exit	TWITTER INC	$0	–	-500,000	–	-4.57%	–
VMW	Exit	VMWARE INCput	$0	–	-225,000	–	-4.99%	–
BHVN	Exit	BIOHAVEN PHARMACTL HLDG CO L	$0	–	-170,000	–	-5.37%	–
VMW	Exit	VMWARE INC	$0	–	-400,000	–	-8.87%	–
TLT	Exit	ISHARES TRput	$0	–	-500,000	–	-10.67%	–
BHVN	Exit	BIOHAVEN PHARMACTL HLDG CO Lcall	$0	–	-1,707,500	–	-53.95%	–

Q3 2022

			Value		Shares		↓ Weighting
BHVN	Buy	BIOHAVEN PHARMACTL HLDG CO Lcall	$258,942,000	+1562.4%	1,707,500	+1497.3%	53.95%	+965.8%
TLT	Buy	ISHARES TRput	$51,225,000	+18.9%	500,000	+33.3%	10.67%	-23.8%
VMW	Buy	VMWARE INC	$42,584,000	+211.3%	400,000	+233.3%	8.87%	+99.6%
BHVN	Buy	BIOHAVEN PHARMACTL HLDG CO L	$25,781,000	+18.0%	170,000	+13.3%	5.37%	-24.4%
VMW	Buy	VMWARE INCput	$23,954,000	+133.5%	225,000	+150.0%	4.99%	+49.7%
TWTR	New	TWITTER INC	$21,920,000	–	500,000	–	4.57%	–
TSEM	Buy	TOWER SEMICONDUCTOR LTD	$18,675,000	+90.3%	425,000	+100.0%	3.89%	+22.0%
BATRK	Buy	LIBERTY MEDIA CORP DEL	$9,213,000	+28.0%	335,000	+11.7%	1.92%	-18.0%
KNBE	New	KNOWBE4 INCcall	$5,904,000	–	283,700	–	1.23%	–
ATVI	New	ACTIVISION BLIZZARD INC	$5,576,000	–	75,000	–	1.16%	–
BMYRT	Buy	BMY-Rright 99/99/9999	$5,523,000	+18.6%	2,761,301	+3.8%	1.15%	-24.0%
STAR	Sell	ISTAR INC	$4,399,000	-86.0%	475,000	-79.2%	0.92%	-91.0%
CHNG	New	CHANGE HEALTHCARE INC	$4,261,000	–	155,000	–	0.89%	–
BKI	Sell	BLACK KNIGHT INC	$1,295,000	-92.1%	20,000	-92.0%	0.27%	-94.9%
	New	BIOHAVEN LTD	$725,000	–	115,000	–	0.15%	–
IWM	Exit	ISHARES TRcall	$0	–	-15,000	–	-0.82%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE INput	$0	–	-35,700	–	-1.09%	–
XBI	Exit	SPDR SER TRput	$0	–	-85,000	–	-2.05%	–
SGEN	Exit	SEAGEN INC	$0	–	-37,500	–	-2.16%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-300,000	–	-2.26%	–
MMM	Exit	3M COput	$0	–	-60,000	–	-2.52%	–
MMM	Exit	3M CO	$0	–	-60,000	–	-2.52%	–
ET	Exit	ENERGY TRANSFER L Pcall	$0	–	-825,000	–	-2.68%	–
XLV	Exit	SELECT SECTOR SPDR TRcall	$0	–	-65,000	–	-2.71%	–
LHCG	Exit	LHC GROUP INC	$0	–	-60,000	–	-3.04%	–
SAFE	Exit	SAFEHOLD INCcall	$0	–	-487,500	–	-5.60%	–
GSK	Exit	GSK PLCcall	$0	–	-1,135,000	–	-16.06%	–

Q2 2022

			Value		Shares		↓ Weighting
GSK	New	GSK PLCcall	$49,407,000	–	1,135,000	–	16.06%	–
TLT	New	ISHARES TRput	$43,076,000	–	375,000	–	14.00%	–
STAR	New	ISTAR INC	$31,327,000	–	2,285,000	–	10.18%	–
BHVN	New	BIOHAVEN PHARMACTL HLDG CO L	$21,857,000	–	150,000	–	7.10%	–
SAFE	New	SAFEHOLD INCcall	$17,243,000	–	487,500	–	5.60%	–
BKI	New	BLACK KNIGHT INC	$16,348,000	–	250,000	–	5.31%	–
BHVN	New	BIOHAVEN PHARMACTL HLDG CO Lcall	$15,576,000	–	106,900	–	5.06%	–
VMW	New	VMWARE INC	$13,678,000	–	120,000	–	4.44%	–
VMW	New	VMWARE INCput	$10,258,000	–	90,000	–	3.33%	–
TSEM	New	TOWER SEMICONDUCTOR LTD	$9,813,000	–	212,500	–	3.19%	–
LHCG	New	LHC GROUP INC	$9,344,000	–	60,000	–	3.04%	–
XLV	New	SELECT SECTOR SPDR TRcall	$8,336,000	–	65,000	–	2.71%	–
ET	New	ENERGY TRANSFER L Pcall	$8,234,000	–	825,000	–	2.68%	–
MMM	New	3M CO	$7,765,000	–	60,000	–	2.52%	–
MMM	New	3M COput	$7,765,000	–	60,000	–	2.52%	–
BATRK	New	LIBERTY MEDIA CORP DEL	$7,200,000	–	300,000	–	2.34%	–
NLSN	New	NIELSEN HLDGS PLC	$6,966,000	–	300,000	–	2.26%	–
SGEN	New	SEAGEN INC	$6,635,000	–	37,500	–	2.16%	–
XBI	New	SPDR SER TRput	$6,313,000	–	85,000	–	2.05%	–
BMYRT	New	BMY-Rright 99/99/9999	$4,657,000	–	2,661,301	–	1.51%	–
ICE	New	INTERCONTINENTAL EXCHANGE INput	$3,357,000	–	35,700	–	1.09%	–
IWM	New	ISHARES TRcall	$2,540,000	–	15,000	–	0.82%	–

Q4 2021

			Value		Shares		↓ Weighting
GMII	Exit	GORES METROPOULOS II INCcall	$0	–	-160,415	–	-0.05%	–
	Exit	HILLMAN SOLUTIONS CORPcall	$0	–	-109,998	–	-0.05%	–
GLD	Exit	SPDR GOLD TR	$0	–	-2,100	–	-0.06%	–
CANO	Exit	CANO HEALTH INCcall	$0	–	-115,000	–	-0.08%	–
GDX	Exit	VANECK ETF TRUSTgold miners etf	$0	–	-16,500	–	-0.08%	–
GRSVW	Exit	ARDAGH METAL PACKAGING ORDcall	$0	–	-250,000	–	-0.09%	–
CTXS	Exit	CITRIX SYS INC	$0	–	-15,000	–	-0.28%	–
ALIT	Exit	ALIGHT INCcall	$0	–	-650,000	–	-0.34%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INput	$0	–	-10,000	–	-0.45%	–
SONO	Exit	SONOS INCcall	$0	–	-93,300	–	-0.52%	–
XLRN	Exit	ACCELERON PHARMA INCcall	$0	–	-20,000	–	-0.59%	–
FIVN	Exit	FIVE9 INC	$0	–	-25,000	–	-0.68%	–
TGNA	Exit	TEGNA INC	$0	–	-267,402	–	-0.90%	–
EHC	Exit	ENCOMPASS HEALTH CORP	$0	–	-75,000	–	-0.96%	–
EHC	Exit	ENCOMPASS HEALTH CORPput	$0	–	-75,000	–	-0.96%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-150,000	–	-0.98%	–
FIVN	Exit	FIVE9 INCcall	$0	–	-50,000	–	-1.36%	–
SONO	Exit	SONOS INC	$0	–	-250,000	–	-1.38%	–
STAR	Exit	ISTAR INC	$0	–	-370,000	–	-1.58%	–
MIC	Exit	MACQUARIE INFRASTR HOLD LLC	$0	–	-310,000	–	-2.15%	–
STAR	Exit	ISTAR INCcall	$0	–	-560,000	–	-2.40%	–
LH	Exit	LABORATORY CORP AMER HLDGS	$0	–	-54,500	–	-2.62%	–
QQQ	Exit	INVESCO QQQ TRput	$0	–	-45,000	–	-2.75%	–
CTXS	Exit	CITRIX SYS INCcall	$0	–	-161,200	–	-2.96%	–
BSIG	Exit	BRIGHTSPHERE INVT GROUP INC	$0	–	-725,000	–	-3.23%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-45,000	–	-3.30%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-90,000	–	-3.57%	–
DELL	Exit	DELL TECHNOLOGIES INCcall	$0	–	-250,000	–	-4.44%	–
VMW	Exit	VMWARE INCput	$0	–	-275,000	–	-6.98%	–
RXN	Exit	REXNORD CORP	$0	–	-945,000	–	-10.37%	–
EHC	Exit	ENCOMPASS HEALTH CORPcall	$0	–	-855,100	–	-10.95%	–
DELL	Exit	DELL TECHNOLOGIES INCcl c	$0	–	-625,000	–	-11.10%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-297,500	–	-21.80%	–

Q3 2021

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$127,669,000	+57.0%	297,500	+56.6%	21.80%	+41.4%
DELL	Sell	DELL TECHNOLOGIES INCcl c	$65,025,000	-34.8%	625,000	-37.5%	11.10%	-41.2%
EHC	Buy	ENCOMPASS HEALTH CORPcall	$64,167,000	+311.2%	855,100	+327.6%	10.95%	+270.3%
RXN	Buy	REXNORD CORP	$60,754,000	+51.8%	945,000	+18.1%	10.37%	+36.7%
VMW	New	VMWARE INCput	$40,893,000	–	275,000	–	6.98%	–
DELL	New	DELL TECHNOLOGIES INCcall	$26,010,000	–	250,000	–	4.44%	–
WLTW	Sell	WILLIS TOWERS WATSON PLC LTD	$20,921,000	-30.0%	90,000	-30.8%	3.57%	-37.0%
SPY	New	SPDR S&P 500 ETF TRcall	$19,311,000	–	45,000	–	3.30%	–
BSIG	Buy	BRIGHTSPHERE INVT GROUP INC	$18,944,000	+23.4%	725,000	+10.7%	3.23%	+11.2%
CTXS	New	CITRIX SYS INCcall	$17,308,000	–	161,200	–	2.96%	–
QQQ	New	INVESCO QQQ TRput	$16,108,000	–	45,000	–	2.75%	–
LH	Sell	LABORATORY CORP AMER HLDGS	$15,338,000	-44.7%	54,500	-45.8%	2.62%	-50.2%
STAR	New	ISTAR INCcall	$14,045,000	–	560,000	–	2.40%	–
MIC	Sell	MACQUARIE INFRASTR HOLD LLC	$12,574,000	-73.7%	310,000	-75.2%	2.15%	-76.3%
STAR	New	ISTAR INC	$9,280,000	–	370,000	–	1.58%	–
SONO	New	SONOS INC	$8,090,000	–	250,000	–	1.38%	–
FIVN	New	FIVE9 INCcall	$7,987,000	–	50,000	–	1.36%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$5,732,000	–	150,000	–	0.98%	–
EHC	New	ENCOMPASS HEALTH CORPput	$5,628,000	–	75,000	–	0.96%	–
EHC	New	ENCOMPASS HEALTH CORP	$5,628,000	–	75,000	–	0.96%	–
TGNA	New	TEGNA INC	$5,273,000	–	267,402	–	0.90%	–
FIVN	New	FIVE9 INC	$3,994,000	–	25,000	–	0.68%	–
XLRN	New	ACCELERON PHARMA INCcall	$3,442,000	–	20,000	–	0.59%	–
SONO	Sell	SONOS INCcall	$3,019,000	-57.8%	93,300	-54.1%	0.52%	-62.1%
ZM	New	ZOOM VIDEO COMMUNICATIONS INput	$2,615,000	–	10,000	–	0.45%	–
ALIT	New	ALIGHT INCcall	$1,983,000	–	650,000	–	0.34%	–
CTXS	New	CITRIX SYS INC	$1,611,000	–	15,000	–	0.28%	–
GRSVW	New	ARDAGH METAL PACKAGING ORDcall	$538,000	–	250,000	–	0.09%	–
CANO	Sell	CANO HEALTH INCcall	$475,000	-55.7%	115,000	-60.5%	0.08%	-60.1%
	New	HILLMAN SOLUTIONS CORPcall	$319,000	–	109,998	–	0.05%	–
GMII	New	GORES METROPOULOS II INCcall	$273,000	–	160,415	–	0.05%	–
GRSVU	Exit	GORES HLDGS V INCunit 99/99/9999	$0	–	-94,891	–	-0.19%	–
CANO	Exit	CANO HEALTH INC	$0	–	-144,500	–	-0.33%	–
ALSK	Exit	ALASKA COMMUNICATIONS SYS GRcall	$0	–	-552,800	–	-0.35%	–
EAT	Exit	BRINKER INTL INCcall	$0	–	-50,000	–	-0.59%	–
BMYRT	Exit	BMY-Rright 99/99/9999	$0	–	-2,661,301	–	-0.66%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE CORcall	$0	–	-103,700	–	-0.75%	–
ALIT	Exit	ALIGHT CL A ORD	$0	–	-600,000	–	-1.14%	–
SAFM	Exit	SANDERSON FARMS INC	$0	–	-40,000	–	-1.42%	–
SAFM	Exit	SANDERSON FARMS INCcall	$0	–	-52,800	–	-1.88%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-40,000	–	-2.15%	–
ANAT	Exit	AMERICAN NATIONAL GROUP INC	$0	–	-86,100	–	-2.42%	–
WBT	Exit	WELBILT INC	$0	–	-575,000	–	-2.52%	–
ANAT	Exit	AMERICAN NATIONAL GROUP INCcall	$0	–	-89,900	–	-2.53%	–
QTS	Exit	QTS RLTY TR INC	$0	–	-175,000	–	-2.56%	–
MMC	Exit	MARSH & MCLENNAN COS INCput	$0	–	-100,000	–	-2.67%	–
VMW	Exit	VMWARE INCcall	$0	–	-275,000	–	-8.34%	–

Q2 2021

			Value		Shares		↓ Weighting
DELL	New	DELL TECHNOLOGIES INCcl c	$99,670,000	–	1,000,000	–	18.89%	–
SPY	New	SPDR S&P 500 ETF TRput	$81,331,000	–	190,000	–	15.42%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$47,838,000	–	1,250,000	–	9.07%	–
VMW	New	VMWARE INCcall	$43,992,000	–	275,000	–	8.34%	–
RXN	New	REXNORD CORP	$40,032,000	–	800,000	–	7.59%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$29,903,000	–	130,000	–	5.67%	–
LH	New	LABORATORY CORP AMER HLDGS	$27,723,000	–	100,500	–	5.26%	–
EHC	New	ENCOMPASS HEALTH CORPcall	$15,606,000	–	200,000	–	2.96%	–
BSIG	New	BRIGHTSPHERE INVT GROUP INC	$15,347,000	–	655,000	–	2.91%	–
MMC	New	MARSH & MCLENNAN COS INCput	$14,068,000	–	100,000	–	2.67%	–
QTS	New	QTS RLTY TR INC	$13,528,000	–	175,000	–	2.56%	–
ANAT	New	AMERICAN NATIONAL GROUP INCcall	$13,355,000	–	89,900	–	2.53%	–
WBT	New	WELBILT INC	$13,311,000	–	575,000	–	2.52%	–
ANAT	New	AMERICAN NATIONAL GROUP INC	$12,790,000	–	86,100	–	2.42%	–
KSU	New	KANSAS CITY SOUTHERN	$11,335,000	–	40,000	–	2.15%	–
SAFM	New	SANDERSON FARMS INCcall	$9,925,000	–	52,800	–	1.88%	–
SAFM	New	SANDERSON FARMS INC	$7,519,000	–	40,000	–	1.42%	–
SONO	New	SONOS INCcall	$7,162,000	–	203,300	–	1.36%	–
ALIT	New	ALIGHT CL A ORD	$6,006,000	–	600,000	–	1.14%	–
MIC	New	MACQUARIE INFRASTRUCTURE CORcall	$3,969,000	–	103,700	–	0.75%	–
BMYRT	New	BMY-Rright 99/99/9999	$3,460,000	–	2,661,301	–	0.66%	–
EAT	New	BRINKER INTL INCcall	$3,093,000	–	50,000	–	0.59%	–
ALSK	New	ALASKA COMMUNICATIONS SYS GRcall	$1,841,000	–	552,800	–	0.35%	–
CANO	New	CANO HEALTH INC	$1,748,000	–	144,500	–	0.33%	–
CANO	New	CANO HEALTH INCcall	$1,073,000	–	290,913	–	0.20%	–
GRSVU	New	GORES HLDGS V INCunit 99/99/9999	$1,005,000	–	94,891	–	0.19%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$561,000	–	16,500	–	0.11%	–
GLD	New	SPDR GOLD TR	$348,000	–	2,100	–	0.07%	–

Q4 2020

			Value		Shares		↓ Weighting
GLD	Exit	SPDR GOLD TR	$0	–	-1,700	–	-0.07%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-16,500	–	-0.15%	–
AON	Exit	AON PLCcall	$0	–	-5,000	–	-0.24%	–
NOVA	Exit	SUNNOVA ENERGY INTL INC.call	$0	–	-60,000	–	-0.42%	–
CCO	Exit	CLEAR CHANNEL OUTDOOR HLDGS	$0	–	-1,840,000	–	-0.42%	–
FSLR	Exit	FIRST SOLAR INCcall	$0	–	-40,000	–	-0.60%	–
EPR	Exit	EPR PPTYSput	$0	–	-100,000	–	-0.62%	–
EPR	Exit	EPR PPTYScall	$0	–	-100,000	–	-0.62%	–
RUN	Exit	SUNRUN INCcall	$0	–	-50,000	–	-0.88%	–
BWA	Exit	BORGWARNER INCcall	$0	–	-150,000	–	-1.32%	–
HUM	Exit	HUMANA INCcall	$0	–	-15,000	–	-1.41%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTDcall	$0	–	-30,000	–	-1.42%	–
VMW	Exit	VMWARE INCcall	$0	–	-45,000	–	-1.47%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE COR	$0	–	-300,000	–	-1.83%	–
FIT	Exit	FITBIT INCput	$0	–	-1,179,700	–	-1.87%	–
NGHC	Exit	NATIONAL GEN HLDGS CORP	$0	–	-325,000	–	-2.49%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-1,650,000	–	-2.58%	–
TCO	Exit	TAUBMAN CTRS INC	$0	–	-375,000	–	-2.84%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-70,000	–	-2.88%	–
XLI	Exit	SELECT SECTOR SPDR TRput	$0	–	-200,000	–	-3.50%	–
FNMAS	Exit	FED NATN MOR 8.25 SRS S PRF	$0	–	-2,019,300	–	-4.08%	–
VMW	Exit	VMWARE INCput	$0	–	-129,400	–	-4.23%	–
BWA	Exit	BORGWARNER INC	$0	–	-582,190	–	-5.13%	–
HHC	Exit	HOWARD HUGHES CORP	$0	–	-395,000	–	-5.17%	–
DELL	Exit	DELL TECHNOLOGIES INCcl c	$0	–	-430,000	–	-6.62%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-700,000	–	-8.83%	–
WLTW	Exit	WILLIS TOWERS WATSON PLC LTD	$0	–	-215,000	–	-10.21%	–
AON	Exit	AON PLCput	$0	–	-273,000	–	-12.80%	–
IWM	Exit	ISHARES TRput	$0	–	-450,000	–	-15.32%	–

Q3 2020

			Value		Shares		↓ Weighting
IWM	New	ISHARES TRput	$67,406,000	–	450,000	–	15.32%	–
AON	Buy	AON PLCput	$56,320,000	+13.3%	273,000	+5.8%	12.80%	+24.9%
WLTW	Sell	WILLIS TOWERS WATSON PLC LTD	$44,896,000	-14.0%	215,000	-18.9%	10.21%	-5.2%
DD	Buy	DUPONT DE NEMOURS INC	$38,836,000	+143.7%	700,000	+133.3%	8.83%	+168.6%
DELL	Buy	DELL TECHNOLOGIES INCcl c	$29,107,000	+341.5%	430,000	+258.3%	6.62%	+386.5%
HHC	Buy	HOWARD HUGHES CORP	$22,752,000	+99.1%	395,000	+79.5%	5.17%	+119.4%
BWA	Sell	BORGWARNER INC	$22,554,000	-33.8%	582,190	-39.7%	5.13%	-27.0%
VMW	New	VMWARE INCput	$18,591,000	–	129,400	–	4.23%	–
FNMAS	Sell	FED NATN MOR 8.25 SRS S PRF	$17,931,000	-20.2%	2,019,300	-28.5%	4.08%	-12.0%
XLI	New	SELECT SECTOR SPDR TRput	$15,396,000	–	200,000	–	3.50%	–
KSU	New	KANSAS CITY SOUTHERN	$12,658,000	–	70,000	–	2.88%	–
TCO	Buy	TAUBMAN CTRS INC	$12,484,000	+53.8%	375,000	+74.4%	2.84%	+69.5%
SIGA	Buy	SIGA TECHNOLOGIES INC	$11,336,000	+23.7%	1,650,000	+6.5%	2.58%	+36.4%
NGHC	New	NATIONAL GEN HLDGS CORP	$10,969,000	–	325,000	–	2.49%	–
MIC	Sell	MACQUARIE INFRASTRUCTURE COR	$8,067,000	-40.3%	300,000	-31.8%	1.83%	-34.1%
VMW	New	VMWARE INCcall	$6,465,000	–	45,000	–	1.47%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTDcall	$6,265,000	–	30,000	–	1.42%	–
BWA	New	BORGWARNER INCcall	$5,811,000	–	150,000	–	1.32%	–
RUN	New	SUNRUN INCcall	$3,854,000	–	50,000	–	0.88%	–
EPR	Buy	EPR PPTYScall	$2,750,000	-12.6%	100,000	+5.3%	0.62%	-3.7%
EPR	New	EPR PPTYSput	$2,750,000	–	100,000	–	0.62%	–
FSLR	New	FIRST SOLAR INCcall	$2,648,000	–	40,000	–	0.60%	–
CCO	Sell	CLEAR CHANNEL OUTDOOR HLDGS	$1,840,000	-19.6%	1,840,000	-16.4%	0.42%	-11.4%
NOVA	New	SUNNOVA ENERGY INTL INC.call	$1,825,000	–	60,000	–	0.42%	–
AON	Sell	AON PLCcall	$1,032,000	-78.6%	5,000	-80.0%	0.24%	-76.3%
GDX	New	VANECK VECTORS ETF TRgold miners etf	$646,000	–	16,500	–	0.15%	–
GLD	Sell	SPDR GOLD TR	$301,000	-50.1%	1,700	-52.8%	0.07%	-45.2%
WSC	Exit	WILLSCOT MOBILE MINI HLD CL A	$0	–	-50,000	–	-0.13%	–
NFIN	Exit	NETFIN ACQUISITION CORP	$0	–	-125,000	–	-0.28%	–
IBN	Exit	ICICI BANK LIMITEDput	$0	–	-150,000	–	-0.29%	–
W	Exit	WAYFAIR INCput	$0	–	-10,000	–	-0.41%	–
IBN	Exit	ICICI BANK LIMITEDcall	$0	–	-300,000	–	-0.58%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-98,825	–	-0.69%	–
CE	Exit	CELANESE CORP DELcall	$0	–	-60,000	–	-1.07%	–
SHOP	Exit	SHOPIFY INCput	$0	–	-6,000	–	-1.18%	–
FPAC	Exit	FAR PT ACQUISITION CORP	$0	–	-1,214,748	–	-2.56%	–
MMM	Exit	3M COput	$0	–	-90,000	–	-2.90%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-400,550	–	-3.00%	–
SCHW	Exit	SCHWAB CHARLES CORPput	$0	–	-532,900	–	-3.71%	–
EXC	Exit	EXELON CORP	$0	–	-520,000	–	-3.89%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-65,000	–	-4.13%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-380,000	–	-24.17%	–

Q2 2020

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$117,177,000	–	380,000	–	24.17%	–
WLTW	New	WILLIS TOWERS WATSON PLC LTD	$52,192,000	–	265,000	–	10.76%	–
AON	New	AON PLCput	$49,691,000	–	258,000	–	10.25%	–
BWA	New	BORGWARNER INC	$34,059,000	–	964,844	–	7.02%	–
FNMAS	New	FED NATN MOR 8.25 SRS S PRF	$22,459,000	–	2,825,000	–	4.63%	–
SPY	New	SPDR S&P 500 ETF TRcall	$20,043,000	–	65,000	–	4.13%	–
EXC	New	EXELON CORP	$18,871,000	–	520,000	–	3.89%	–
SCHW	New	SCHWAB CHARLES CORPput	$17,980,000	–	532,900	–	3.71%	–
DD	New	DUPONT DE NEMOURS INC	$15,939,000	–	300,000	–	3.29%	–
AMTD	New	TD AMERITRADE HLDG CORP	$14,572,000	–	400,550	–	3.00%	–
MMM	New	3M COput	$14,039,000	–	90,000	–	2.90%	–
MIC	New	MACQUARIE INFRASTRUCTURE COR	$13,504,000	–	440,000	–	2.78%	–
FPAC	New	FAR PT ACQUISITION CORP	$12,439,000	–	1,214,748	–	2.56%	–
HHC	New	HOWARD HUGHES CORP	$11,429,000	–	220,000	–	2.36%	–
SIGA	New	SIGA TECHNOLOGIES INC	$9,161,000	–	1,550,000	–	1.89%	–
TCO	New	TAUBMAN CTRS INC	$8,118,000	–	215,000	–	1.67%	–
FIT	New	FITBIT INCput	$7,621,000	–	1,179,700	–	1.57%	–
DELL	New	DELL TECHNOLOGIES INCcl c	$6,593,000	–	120,000	–	1.36%	–
HUM	New	HUMANA INCcall	$5,816,000	–	15,000	–	1.20%	–
SHOP	New	SHOPIFY INCput	$5,695,000	–	6,000	–	1.18%	–
CE	New	CELANESE CORP DELcall	$5,180,000	–	60,000	–	1.07%	–
AON	New	AON PLCcall	$4,815,000	–	25,000	–	0.99%	–
SCHW	New	SCHWAB CHARLES CORP	$3,334,000	–	98,825	–	0.69%	–
EPR	New	EPR PPTYScall	$3,147,000	–	95,000	–	0.65%	–
IBN	New	ICICI BANK LIMITEDcall	$2,787,000	–	300,000	–	0.58%	–
CCO	New	CLEAR CHANNEL OUTDOOR HLDGS	$2,288,000	–	2,200,000	–	0.47%	–
W	New	WAYFAIR INCput	$1,976,000	–	10,000	–	0.41%	–
IBN	New	ICICI BANK LIMITEDput	$1,394,000	–	150,000	–	0.29%	–
NFIN	New	NETFIN ACQUISITION CORP	$1,344,000	–	125,000	–	0.28%	–
WSC	New	WILLSCOT MOBILE MINI HLD CL A	$615,000	–	50,000	–	0.13%	–
GLD	New	SPDR GOLD TR	$603,000	–	3,600	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
GCVRZ	Exit	SANOFIright 12/31/2020	$0	–	-1,882,892	–	-0.22%	–
INTEQ	Exit	INTELSAT S Acall	$0	–	-75,000	–	-0.36%	–
YPF	Exit	YPF SOCIEDAD ANONIMAspon adr cl d	$0	–	-200,000	–	-0.39%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-37,500	–	-0.61%	–
BOX	Exit	BOX INCcl a	$0	–	-250,000	–	-0.88%	–
CCO	Exit	CLEAR CHANNEL OUTDOOR HLDGS	$0	–	-1,750,000	–	-0.93%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-492,289	–	-0.98%	–
EXP	Exit	EAGLE MATERIALS INC	$0	–	-66,200	–	-1.26%	–
MAS	Exit	MASCO CORP	$0	–	-175,000	–	-1.54%	–
ABC	Exit	AMERISOURCEBERGEN CORPcall	$0	–	-100,000	–	-1.74%	–
ABC	Exit	AMERISOURCEBERGEN CORPput	$0	–	-100,000	–	-1.74%	–
HSBC	Exit	HSBC HLDGS PLCput	$0	–	-220,000	–	-1.78%	–
S	Exit	SPRINT CORPORATIONput	$0	–	-1,730,000	–	-2.26%	–
INTEQ	Exit	INTELSAT S A	$0	–	-478,970	–	-2.31%	–
CAH	Exit	CARDINAL HEALTH INCput	$0	–	-250,000	–	-2.49%	–
PCG	Exit	PG&E CORP	$0	–	-1,225,000	–	-2.59%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-2,585,500	–	-2.80%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC	$0	–	-265,000	–	-3.66%	–
EXP	Exit	EAGLE MATERIALS INCcall	$0	–	-230,000	–	-4.38%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-535,000	–	-5.46%	–
TMUS	Exit	T MOBILE US INC	$0	–	-353,810	–	-5.89%	–
CNC	Exit	CENTENE CORP DEL	$0	–	-908,885	–	-8.31%	–
FNMAS	Exit	FED NATION MOR 8.25 SRS S PRF	$0	–	-3,095,000	–	-8.73%	–
CELG	Exit	CELGENE CORP	$0	–	-488,000	–	-10.24%	–
MAS	Exit	MASCO CORPcall	$0	–	-1,270,000	–	-11.19%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-275,000	–	-17.25%	–

Q3 2019

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRcall	$81,612,000	+178.5%	275,000	+175.0%	17.25%	+198.6%
MAS	Sell	MASCO CORPcall	$52,934,000	-31.5%	1,270,000	-35.5%	11.19%	-26.6%
CELG	Sell	CELGENE CORP	$48,458,000	-6.9%	488,000	-13.3%	10.24%	-0.2%
FNMAS	Buy	FED NATION MOR 8.25 SRS S PRF	$41,318,000	+107.4%	3,095,000	+93.6%	8.73%	+122.3%
CNC	Buy	CENTENE CORP DEL	$39,318,000	-0.5%	908,885	+20.6%	8.31%	+6.6%
TMUS	Buy	T MOBILE US INC	$27,870,000	+92.8%	353,810	+81.5%	5.89%	+106.7%
FE	Sell	FIRSTENERGY CORP	$25,803,000	-40.9%	535,000	-47.5%	5.46%	-36.6%
EXP	Sell	EAGLE MATERIALS INCcall	$20,702,000	-6.9%	230,000	-4.2%	4.38%	-0.3%
ACIA	New	ACACIA COMMUNICATIONS INC	$17,331,000	–	265,000	–	3.66%	–
SIGA	Sell	SIGA TECHNOLOGIES INC	$13,238,000	-12.1%	2,585,500	-2.4%	2.80%	-5.7%
PCG	Buy	PG&E CORP	$12,250,000	-44.9%	1,225,000	+26.3%	2.59%	-40.9%
CAH	New	CARDINAL HEALTH INCput	$11,798,000	–	250,000	–	2.49%	–
INTEQ	Buy	INTELSAT S A	$10,921,000	+42.5%	478,970	+21.6%	2.31%	+52.8%
S	New	SPRINT CORPORATIONput	$10,674,000	–	1,730,000	–	2.26%	–
HSBC	New	HSBC HLDGS PLCput	$8,419,000	–	220,000	–	1.78%	–
ABC	New	AMERISOURCEBERGEN CORPcall	$8,233,000	–	100,000	–	1.74%	–
ABC	New	AMERISOURCEBERGEN CORPput	$8,233,000	–	100,000	–	1.74%	–
MAS	New	MASCO CORP	$7,294,000	–	175,000	–	1.54%	–
EXP	Buy	EAGLE MATERIALS INC	$5,959,000	+28.6%	66,200	+32.4%	1.26%	+37.9%
CCO	New	CLEAR CHANNEL OUTDOOR HLDGS	$4,410,000	–	1,750,000	–	0.93%	–
BOX	New	BOX INCcl a	$4,140,000	–	250,000	–	0.88%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$2,889,000	–	37,500	–	0.61%	–
YPF	New	YPF SOCIEDAD ANONIMAspon adr cl d	$1,850,000	–	200,000	–	0.39%	–
INTEQ	New	INTELSAT S Acall	$1,710,000	–	75,000	–	0.36%	–
GCVRZ	Buy	SANOFIright 12/31/2020	$1,055,000	+6933.3%	1,882,892	+6501.3%	0.22%	+7333.3%
FMCC	Exit	FED HOME LOAN MORTGAGE ORD	$0	–	-1,475,000	–	-0.76%	–
GWR	Exit	GENESEE & WYO INCcall	$0	–	-40,800	–	-0.80%	–
EXP	Exit	EAGLE MATERIALS INCput	$0	–	-50,000	–	-0.91%	–
GWR	Exit	GENESEE & WYO INCcl a	$0	–	-65,000	–	-1.28%	–
IIVI	Exit	II VI INC	$0	–	-259,160	–	-1.87%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INCcall	$0	–	-123,200	–	-1.94%	–
DISH	Exit	DISH NETWORK CORPcall	$0	–	-450,000	–	-3.41%	–
OXY	Exit	OCCIDENTAL PETE CORPput	$0	–	-444,700	–	-4.41%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-100,000	–	-5.78%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-648,000	–	-9.02%	–

Q2 2019

			Value		Shares		↓ Weighting
MAS	New	MASCO CORPcall	$77,303,000	–	1,970,000	–	15.24%	–
CELG	New	CELGENE CORP	$52,044,000	–	563,000	–	10.26%	–
APC	New	ANADARKO PETE CORP	$45,723,000	–	648,000	–	9.02%	–
FE	New	FIRSTENERGY CORP	$43,623,000	–	1,019,000	–	8.60%	–
CNC	New	CENTENE CORP DEL	$39,526,000	–	753,740	–	7.79%	–
SPY	New	SPDR S&P 500 ETF TRcall	$29,300,000	–	100,000	–	5.78%	–
SPY	New	SPDR S&P 500 ETF TRput	$29,300,000	–	100,000	–	5.78%	–
OXY	New	OCCIDENTAL PETE CORPput	$22,360,000	–	444,700	–	4.41%	–
EXP	New	EAGLE MATERIALS INCcall	$22,248,000	–	240,000	–	4.39%	–
PCG	New	PG&E CORP	$22,232,000	–	970,000	–	4.38%	–
FNMAS	New	FED NATION MOR 8.25 SRS S PRF	$19,924,000	–	1,599,000	–	3.93%	–
DISH	New	DISH NETWORK CORPcall	$17,285,000	–	450,000	–	3.41%	–
SIGA	New	SIGA TECHNOLOGIES INC	$15,052,000	–	2,650,000	–	2.97%	–
TMUS	New	T MOBILE US INC	$14,452,000	–	194,934	–	2.85%	–
ASH	New	ASHLAND GLOBAL HLDGS INCcall	$9,852,000	–	123,200	–	1.94%	–
IIVI	New	II VI INC	$9,475,000	–	259,160	–	1.87%	–
INTEQ	New	INTELSAT S A	$7,662,000	–	393,925	–	1.51%	–
GWR	New	GENESEE & WYO INCcl a	$6,500,000	–	65,000	–	1.28%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$6,104,000	–	492,289	–	1.20%	–
EXP	New	EAGLE MATERIALS INCput	$4,635,000	–	50,000	–	0.91%	–
EXP	New	EAGLE MATERIALS INC	$4,635,000	–	50,000	–	0.91%	–
GWR	New	GENESEE & WYO INCcall	$4,080,000	–	40,800	–	0.80%	–
FMCC	New	FED HOME LOAN MORTGAGE ORD	$3,835,000	–	1,475,000	–	0.76%	–
GCVRZ	New	SANOFIright 12/31/2020	$15,000	–	28,523	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
CCN	Exit	CARDCONNECT ORD	$0	–	-17,766	–	-0.02%	–
PDCE	Exit	PDC ENERGY INC	$0	–	-15,000	–	-0.06%	–
SRCI	Exit	SRC ENERGY INC	$0	–	-110,000	–	-0.08%	–
XOGAQ	Exit	EXTRACTION OIL AND GAS INC	$0	–	-141,000	–	-0.13%	–
AKRXQ	Exit	AKORN INCcall	$0	–	-153,400	–	-0.16%	–
P	Exit	PANDORA MEDIA INC	$0	–	-350,000	–	-0.26%	–
GTYH	Exit	GTY TECHNOLOGY HOLDINGS INCcl a	$0	–	-541,471	–	-0.43%	–
WRLSU	Exit	PENSARE ACQUISITION CORPunit 07/27/2022	$0	–	-573,175	–	-0.48%	–
DNB	Exit	DUN & BRADSTREET CORP DEL NE	$0	–	-47,895	–	-0.54%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-47,700	–	-0.62%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-762,653	–	-0.90%	–
UTX	Exit	UNITED TECHNOLOGIES CORPput	$0	–	-88,000	–	-0.97%	–
STC	Exit	STEWART INFORMATION SVCS COR	$0	–	-414,352	–	-1.47%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-3,106,327	–	-1.69%	–
SCG	Exit	SCANA CORP NEW	$0	–	-600,000	–	-1.84%	–
FNMAS	Exit	FED NATION MOR 8.25 SRS S PRF	$0	–	-4,474,367	–	-1.95%	–
NXPI	Exit	NXP SEMICONDUCTORS N Vput	$0	–	-322,100	–	-2.18%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-322,380	–	-2.18%	–
AET	Exit	AETNA INC NEW	$0	–	-156,923	–	-2.52%	–
VMW	Exit	VMWARE INC	$0	–	-211,315	–	-2.61%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-283,260	–	-3.13%	–
UTX	Exit	UNITED TECHNOLOGIES CORPcall	$0	–	-296,500	–	-3.28%	–
DIS	Exit	DISNEY WALT COput	$0	–	-368,200	–	-3.40%	–
NXPI	Exit	NXP SEMICONDUCTORS N Vcall	$0	–	-563,800	–	-3.81%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-1,495,457	–	-4.39%	–
AABA	Exit	ALTABA INC	$0	–	-851,079	–	-4.58%	–
VOYA	Exit	VOYA FINL INC	$0	–	-1,787,880	–	-7.02%	–
TMUS	Exit	T MOBILE US INC	$0	–	-1,268,195	–	-7.04%	–
DVMT	Exit	DELL TECHNOLOGIES INC	$0	–	-1,172,052	–	-9.00%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-2,502,357	–	-9.16%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,049,000	–	-24.10%	–

Q3 2018

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$304,965,000	+164.5%	1,049,000	+146.8%	24.10%	+180.4%
FOXA	Buy	TWENTY FIRST CENTY FOX INCcl a	$115,934,000	+133.3%	2,502,357	+150.2%	9.16%	+147.4%
DVMT	Buy	DELL TECHNOLOGIES INC	$113,830,000	+45.4%	1,172,052	+26.6%	9.00%	+54.1%
TMUS	Sell	T MOBILE US INC	$89,002,000	-1.4%	1,268,195	-16.0%	7.04%	+4.6%
VOYA	Buy	VOYA FINL INC	$88,804,000	+88.9%	1,787,880	+78.8%	7.02%	+100.3%
AABA	Sell	ALTABA INC	$57,976,000	-54.7%	851,079	-51.4%	4.58%	-52.0%
FE	Buy	FIRSTENERGY CORP	$55,586,000	+10.6%	1,495,457	+6.8%	4.39%	+17.2%
NXPI	New	NXP SEMICONDUCTORS N Vcall	$48,205,000	–	563,800	–	3.81%	–
DIS	New	DISNEY WALT COput	$43,057,000	–	368,200	–	3.40%	–
UTX	Sell	UNITED TECHNOLOGIES CORPcall	$41,454,000	+0.5%	296,500	-10.2%	3.28%	+6.5%
UTX	Sell	UNITED TECHNOLOGIES CORP	$39,603,000	-18.8%	283,260	-27.4%	3.13%	-13.9%
VMW	New	VMWARE INC	$32,978,000	–	211,315	–	2.61%	–
AET	Sell	AETNA INC NEW	$31,832,000	-71.1%	156,923	-73.8%	2.52%	-69.3%
NXPI	Buy	NXP SEMICONDUCTORS N V	$27,563,000	-15.9%	322,380	+7.5%	2.18%	-10.8%
NXPI	New	NXP SEMICONDUCTORS N Vput	$27,540,000	–	322,100	–	2.18%	–
FNMAS	Sell	FED NATION MOR 8.25 SRS S PRF	$24,654,000	-16.1%	4,474,367	-3.8%	1.95%	-11.1%
SCG	Buy	SCANA CORP NEW	$23,334,000	+5.4%	600,000	+4.3%	1.84%	+11.7%
SIGA	Sell	SIGA TECHNOLOGIES INC	$21,403,000	-2.1%	3,106,327	-15.6%	1.69%	+3.8%
STC	Buy	STEWART INFORMATION SVCS COR	$18,650,000	+8.3%	414,352	+3.6%	1.47%	+14.8%
UTX	New	UNITED TECHNOLOGIES CORPput	$12,303,000	–	88,000	–	0.97%	–
LTRPA	Sell	LIBERTY TRIPADVISOR HLDGS IN	$11,325,000	-15.3%	762,653	-8.1%	0.90%	-10.2%
BABA	Sell	ALIBABA GROUP HLDG LTDcall	$7,859,000	-47.0%	47,700	-40.4%	0.62%	-43.9%
DNB	New	DUN & BRADSTREET CORP DEL NE	$6,826,000	–	47,895	–	0.54%	–
WRLSU	Sell	PENSARE ACQUISITION CORPunit 07/27/2022	$6,127,000	-14.3%	573,175	-15.0%	0.48%	-9.2%
GTYH	Sell	GTY TECHNOLOGY HOLDINGS INCcl a	$5,491,000	-14.3%	541,471	-15.0%	0.43%	-9.2%
P	New	PANDORA MEDIA INC	$3,329,000	–	350,000	–	0.26%	–
AKRXQ	New	AKORN INCcall	$1,991,000	–	153,400	–	0.16%	–
XOGAQ	New	EXTRACTION OIL AND GAS INC	$1,592,000	–	141,000	–	0.13%	–
SRCI	New	SRC ENERGY INC	$978,000	–	110,000	–	0.08%	–
PDCE	New	PDC ENERGY INC	$734,000	–	15,000	–	0.06%	–
GTYH	Exit	GTY TECHNOLOGY HOLDINGS INCcall	$0	–	-212,342	–	-0.02%	–
T	Exit	AT&T INCcall	$0	–	-100,000	–	-0.24%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-250,000	–	-0.40%	–
IGT	Exit	INTERNATIONAL GAME TECHNOLOG	$0	–	-300,000	–	-0.52%	–
AKRXQ	Exit	AKORN INC	$0	–	-525,000	–	-0.65%	–
CVS	Exit	CVS HEALTH CORPcall	$0	–	-200,000	–	-0.96%	–
BABA	Exit	ALIBABA GROUP HLDG LTDput	$0	–	-70,000	–	-0.97%	–
TRCO	Exit	TRIBUNE MEDIA COcl a	$0	–	-350,000	–	-1.00%	–
DVMT	Exit	DELL TECHNOLOGIES INCcall	$0	–	-175,000	–	-1.10%	–
CVS	Exit	CVS HEALTH CORPput	$0	–	-263,500	–	-1.26%	–
PCG	Exit	PG&E CORP	$0	–	-500,000	–	-1.59%	–
T	Exit	AT&T INC	$0	–	-695,732	–	-1.66%	–
QCP	Exit	QUALITY CARE PPTYS INC	$0	–	-1,050,200	–	-1.68%	–
TVPT	Exit	TRAVELPORT WORLDWIDE LTD	$0	–	-1,250,000	–	-1.73%	–
PCG	Exit	PG&E CORPcall	$0	–	-600,000	–	-1.90%	–
CMCSA	Exit	COMCAST CORP NEWcall	$0	–	-875,000	–	-2.14%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-150,000	–	-3.03%	–
LHO	Exit	LASALLE HOTEL PPTYS	$0	–	-1,900,000	–	-4.85%	–
VMW	Exit	VMWARE INCcall	$0	–	-490,000	–	-5.37%	–

Q2 2018

			Value		Shares		↓ Weighting
AABA	New	ALTABA INC	$128,118,000	–	1,750,000	–	9.55%	–
SPY	New	SPDR S&P 500 ETF TRput	$115,294,000	–	425,000	–	8.60%	–
AET	New	AETNA INC NEW	$110,100,000	–	600,000	–	8.21%	–
TMUS	New	T MOBILE US INC	$90,246,000	–	1,510,399	–	6.73%	–
DVMT	New	DELL TECHNOLOGIES INC	$78,313,000	–	925,900	–	5.84%	–
VMW	New	VMWARE INCcall	$72,015,000	–	490,000	–	5.37%	–
LHO	New	LASALLE HOTEL PPTYS	$65,037,000	–	1,900,000	–	4.85%	–
FE	New	FIRSTENERGY CORP	$50,274,000	–	1,400,000	–	3.75%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$49,690,000	–	1,000,000	–	3.70%	–
UTX	New	UNITED TECHNOLOGIES CORP	$48,762,000	–	390,000	–	3.64%	–
VOYA	New	VOYA FINL INC	$47,000,000	–	1,000,000	–	3.50%	–
UTX	New	UNITED TECHNOLOGIES CORPcall	$41,260,000	–	330,000	–	3.08%	–
SPY	New	SPDR S&P 500 ETF TRcall	$40,692,000	–	150,000	–	3.03%	–
NXPI	New	NXP SEMICONDUCTORS N V	$32,781,000	–	300,000	–	2.44%	–
FNMAS	New	FED NATION MOR 8.25 SRS S PRF	$29,401,000	–	4,652,031	–	2.19%	–
CMCSA	New	COMCAST CORP NEWcall	$28,709,000	–	875,000	–	2.14%	–
PCG	New	PG&E CORPcall	$25,536,000	–	600,000	–	1.90%	–
TVPT	New	TRAVELPORT WORLDWIDE LTD	$23,175,000	–	1,250,000	–	1.73%	–
QCP	New	QUALITY CARE PPTYS INC	$22,590,000	–	1,050,200	–	1.68%	–
T	New	AT&T INC	$22,340,000	–	695,732	–	1.66%	–
SCG	New	SCANA CORP NEW	$22,149,000	–	575,000	–	1.65%	–
SIGA	New	SIGA TECHNOLOGIES INC	$21,859,000	–	3,680,000	–	1.63%	–
PCG	New	PG&E CORP	$21,280,000	–	500,000	–	1.59%	–
STC	New	STEWART INFORMATION SVCS COR	$17,228,000	–	400,000	–	1.28%	–
CVS	New	CVS HEALTH CORPput	$16,956,000	–	263,500	–	1.26%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$14,842,000	–	80,000	–	1.11%	–
DVMT	New	DELL TECHNOLOGIES INCcall	$14,802,000	–	175,000	–	1.10%	–
TRCO	New	TRIBUNE MEDIA COcl a	$13,395,000	–	350,000	–	1.00%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$13,368,000	–	830,288	–	1.00%	–
BABA	New	ALIBABA GROUP HLDG LTDput	$12,987,000	–	70,000	–	0.97%	–
CVS	New	CVS HEALTH CORPcall	$12,870,000	–	200,000	–	0.96%	–
AKRXQ	New	AKORN INC	$8,710,000	–	525,000	–	0.65%	–
WRLSU	New	PENSARE ACQUISITION CORPunit 07/27/2022	$7,148,000	–	674,325	–	0.53%	–
IGT	New	INTERNATIONAL GAME TECHNOLOG	$6,972,000	–	300,000	–	0.52%	–
GTYH	New	GTY TECHNOLOGY HOLDINGS INCcl a	$6,408,000	–	637,026	–	0.48%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$5,360,000	–	250,000	–	0.40%	–
T	New	AT&T INCcall	$3,211,000	–	100,000	–	0.24%	–
GTYH	New	GTY TECHNOLOGY HOLDINGS INCcall	$265,000	–	212,342	–	0.02%	–
CCN	New	CARDCONNECT ORD	$266,000	–	17,766	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
GTYHW	Exit	GTY TECHNOLOGY HOLDINGS INCcall	$0	–	-232,272	–	-0.01%	–
CCN	Exit	CARDCONNECT ORD	$0	–	-17,766	–	-0.01%	–
MPLX	Exit	MPLX LP	$0	–	-63,126	–	-0.10%	–
DHI	Exit	D R HORTON INC	$0	–	-150,000	–	-0.28%	–
GTYH	Exit	GTY TECHNOLOGY HOLDINGS INCcl a	$0	–	-696,816	–	-0.33%	–
WRLSU	Exit	PENSARE ACQUISITION CORPunit 07/27/2022	$0	–	-737,615	–	-0.36%	–
AGN	Exit	ALLERGAN PLC	$0	–	-50,000	–	-0.48%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-872,608	–	-0.51%	–
CFCO	Exit	CF CORP	$0	–	-1,029,253	–	-0.54%	–
SBGI	Exit	SINCLAIR BROADCAST GROUP INCcall	$0	–	-402,700	–	-0.61%	–
SIGA	Exit	SIGA TECHNOLOGIES ORD	$0	–	-4,698,095	–	-0.70%	–
MSGS	Exit	MADISON SQUARE GARDEN CO NEWcl a	$0	–	-80,850	–	-0.82%	–
WR	Exit	WESTAR ENERGY INC	$0	–	-400,216	–	-0.94%	–
DHI	Exit	D R HORTON INCcall	$0	–	-500,000	–	-0.94%	–
CHTR	Exit	CHARTER COMMUNICATIONS INC Ncl a	$0	–	-55,018	–	-0.94%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-288,656	–	-1.06%	–
KHC	Exit	KRAFT HEINZ COcall	$0	–	-300,300	–	-1.10%	–
AMLP	Exit	ALPS ETF TRcall	$0	–	-2,076,500	–	-1.10%	–
MO	Exit	ALTRIA GROUP INCput	$0	–	-400,100	–	-1.20%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-500,424	–	-1.32%	–
AMLP	Exit	ALPS ETF TRput	$0	–	-2,825,300	–	-1.49%	–
TRCO	Exit	TRIBUNE MEDIA COcl a	$0	–	-781,761	–	-1.51%	–
VMW	Exit	VMWARE INCcall	$0	–	-300,000	–	-1.54%	–
FNMAS	Exit	FEDERAL NATION MOR SRS S PRF	$0	–	-4,791,272	–	-1.57%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-200,000	–	-1.63%	–
MO	Exit	ALTRIA GROUP INCcall	$0	–	-600,200	–	-1.80%	–
T	Exit	AT&T INCcall	$0	–	-1,000,000	–	-1.85%	–
STRP	Exit	STRAIGHT PATH COMMUNICATNS Icl b	$0	–	-225,876	–	-1.92%	–
KITE	Exit	KITE PHARMA INCcall	$0	–	-294,000	–	-2.49%	–
AABA	Exit	ALTABA INCcall	$0	–	-1,001,200	–	-3.13%	–
HRG	Exit	HRG GROUP INC	$0	–	-4,450,000	–	-3.28%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-1,300,365	–	-3.83%	–
BTI	Exit	BRITISH AMERN TOB PLCcall	$0	–	-1,494,300	–	-4.40%	–
T	Exit	AT&T INCput	$0	–	-2,514,300	–	-4.64%	–
TWX	Exit	TIME WARNER INC	$0	–	-1,850,000	–	-8.94%	–
DVMT	Exit	DELL TECHNOLOGIES INC	$0	–	-2,600,000	–	-9.46%	–
AABA	Exit	ALTABA INC	$0	–	-5,008,507	–	-15.64%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-1,480,100	–	-17.53%	–

Q3 2017

			Value		Shares		↓ Weighting
SPY	Buy	SPDR S&P 500 ETF TRput	$371,846,000	+6.1%	1,480,100	+2.1%	17.53%	-1.7%
AABA	Buy	ALTABA INC	$331,764,000	+21.7%	5,008,507	+0.1%	15.64%	+12.8%
DVMT	Buy	DELL TECHNOLOGIES INC	$200,746,000	+46.6%	2,600,000	+16.0%	9.46%	+35.8%
TWX	Buy	TIME WARNER INC	$189,533,000	+25.8%	1,850,000	+23.3%	8.94%	+16.6%
T	Buy	AT&T INCput	$98,485,000	+23.4%	2,514,300	+18.8%	4.64%	+14.3%
BTI	Sell	BRITISH AMERN TOB PLCcall	$93,319,000	-16.6%	1,494,300	-8.4%	4.40%	-22.7%
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$81,208,000	–	1,300,365	–	3.83%	–
HRG	Buy	HRG GROUP INC	$69,465,000	-4.3%	4,450,000	+8.5%	3.28%	-11.3%
AABA	New	ALTABA INCcall	$66,319,000	–	1,001,200	–	3.13%	–
KITE	New	KITE PHARMA INCcall	$52,864,000	–	294,000	–	2.49%	–
STRP	Buy	STRAIGHT PATH COMMUNICATNS Icl b	$40,809,000	+13.5%	225,876	+12.9%	1.92%	+5.2%
T	New	AT&T INCcall	$39,170,000	–	1,000,000	–	1.85%	–
MO	New	ALTRIA GROUP INCcall	$38,065,000	–	600,200	–	1.80%	–
BABA	Sell	ALIBABA GROUP HLDG LTDcall	$34,542,000	-51.0%	200,000	-60.0%	1.63%	-54.6%
FNMAS	Buy	FEDERAL NATION MOR SRS S PRF	$33,395,000	+38.0%	4,791,272	+14.1%	1.57%	+27.9%
VMW	Buy	VMWARE INCcall	$32,757,000	+1398.5%	300,000	+1100.0%	1.54%	+1291.0%
TRCO	New	TRIBUNE MEDIA COcl a	$31,943,000	–	781,761	–	1.51%	–
AMLP	Buy	ALPS ETF TRput	$31,700,000	+76.7%	2,825,300	+88.3%	1.49%	+63.6%
MPC	Sell	MARATHON PETE CORP	$28,064,000	-24.5%	500,424	-29.6%	1.32%	-30.1%
MO	New	ALTRIA GROUP INCput	$25,374,000	–	400,100	–	1.20%	–
AMLP	New	ALPS ETF TRcall	$23,298,000	–	2,076,500	–	1.10%	–
KHC	Buy	KRAFT HEINZ COcall	$23,288,000	+172.0%	300,300	+200.3%	1.10%	+151.8%
KHC	Sell	KRAFT HEINZ CO	$22,385,000	-33.0%	288,656	-26.0%	1.06%	-37.9%
CHTR	New	CHARTER COMMUNICATIONS INC Ncl a	$19,995,000	–	55,018	–	0.94%	–
DHI	New	D R HORTON INCcall	$19,965,000	–	500,000	–	0.94%	–
WR	New	WESTAR ENERGY INC	$19,851,000	–	400,216	–	0.94%	–
MSGS	New	MADISON SQUARE GARDEN CO NEWcl a	$17,310,000	–	80,850	–	0.82%	–
SIGA	Sell	SIGA TECHNOLOGIES ORD	$14,893,000	-3.3%	4,698,095	-7.3%	0.70%	-10.5%
SBGI	New	SINCLAIR BROADCAST GROUP INCcall	$12,907,000	–	402,700	–	0.61%	–
CFCO	New	CF CORP	$11,528,000	–	1,029,253	–	0.54%	–
LTRPA	Buy	LIBERTY TRIPADVISOR HLDGS IN	$10,777,000	+6.6%	872,608	+0.1%	0.51%	-1.2%
AGN	New	ALLERGAN PLC	$10,248,000	–	50,000	–	0.48%	–
WRLSU	New	PENSARE ACQUISITION CORPunit 07/27/2022	$7,620,000	–	737,615	–	0.36%	–
GTYH	New	GTY TECHNOLOGY HOLDINGS INCcl a	$7,009,000	–	696,816	–	0.33%	–
DHI	New	D R HORTON INC	$5,990,000	–	150,000	–	0.28%	–
MPLX	Buy	MPLX LP	$2,210,000	+120.6%	63,126	+110.4%	0.10%	+103.9%
GTYHW	New	GTY TECHNOLOGY HOLDINGS INCcall	$272,000	–	232,272	–	0.01%	–
CCN	Sell	CARDCONNECT ORD	$266,000	-96.7%	17,766	-96.7%	0.01%	-96.9%
CHRS	Exit	COHERUS BIOSCIENCES INCcall	$0	–	-205,400	–	-0.15%	–
XOP	Exit	SPDR SERIES TRUSTcall	$0	–	-100,000	–	-0.16%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-1,635,000	–	-0.18%	–
GTYHU	Exit	GTY TECHNOLOGY HOLDINGS INCunit 99/99/9999	$0	–	-695,152	–	-0.37%	–
EGN	Exit	ENERGEN CORP	$0	–	-232,500	–	-0.58%	–
PX	Exit	PRAXAIR INC	$0	–	-90,000	–	-0.61%	–
SIG	Exit	SIGNET JEWELERS LIMITEDcall	$0	–	-199,900	–	-0.64%	–
BG	Exit	BUNGE LIMITED	$0	–	-185,100	–	-0.70%	–
MON	Exit	MONSANTO CO NEW	$0	–	-150,000	–	-0.90%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-200,000	–	-2.46%	–
MPC	Exit	MARATHON PETE CORPput	$0	–	-1,150,200	–	-3.06%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INC	$0	–	-2,128,119	–	-5.69%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-3,400,000	–	-11.25%	–

Q2 2017

			Value		Shares		↓ Weighting
SPY	New	SPDR S&P 500 ETF TRput	$350,596,000	–	1,450,000	–	17.84%	–
AABA	New	ALTABA INC	$272,511,000	–	5,002,034	–	13.86%	–
RAI	New	REYNOLDS AMERICAN INC	$221,136,000	–	3,400,000	–	11.25%	–
TWX	New	TIME WARNER INC	$150,615,000	–	1,500,000	–	7.66%	–
DVMT	New	DELL TECHNOLOGIES INC	$136,935,000	–	2,240,800	–	6.97%	–
HIG	New	HARTFORD FINL SVCS GROUP INC	$111,875,000	–	2,128,119	–	5.69%	–
BTI	New	BRITISH AMERN TOB PLCcall	$111,871,000	–	1,632,200	–	5.69%	–
T	New	AT&T INCput	$79,829,000	–	2,115,800	–	4.06%	–
HRG	New	HRG GROUP INC	$72,611,000	–	4,100,000	–	3.69%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$70,450,000	–	500,000	–	3.58%	–
MPC	New	MARATHON PETE CORPput	$60,190,000	–	1,150,200	–	3.06%	–
SPY	New	SPDR S&P 500 ETF TRcall	$48,358,000	–	200,000	–	2.46%	–
MPC	New	MARATHON PETE CORP	$37,180,000	–	710,500	–	1.89%	–
STRP	New	STRAIGHT PATH COMMUNICATNS Icl b	$35,948,000	–	200,100	–	1.83%	–
KHC	New	KRAFT HEINZ CO	$33,400,000	–	390,100	–	1.70%	–
FNMAS	New	FEDERAL NATN MOR 8.25 SRS PRF	$24,192,000	–	4,200,000	–	1.23%	–
AMLP	New	ALPS ETF TRput	$17,945,000	–	1,500,400	–	0.91%	–
MON	New	MONSANTO CO NEW	$17,754,000	–	150,000	–	0.90%	–
SIGA	New	SIGA TECHNOLOGIES ORD	$15,406,000	–	5,067,861	–	0.78%	–
BG	New	BUNGE LIMITED	$13,808,000	–	185,100	–	0.70%	–
SIG	New	SIGNET JEWELERS LIMITEDcall	$12,642,000	–	199,900	–	0.64%	–
PX	New	PRAXAIR INC	$11,930,000	–	90,000	–	0.61%	–
EGN	New	ENERGEN CORP	$11,479,000	–	232,500	–	0.58%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$10,111,000	–	871,672	–	0.51%	–
KHC	New	KRAFT HEINZ COcall	$8,562,000	–	100,000	–	0.44%	–
CCN	New	CARDCONNECT CORP	$8,111,000	–	538,932	–	0.41%	–
GTYHU	New	GTY TECHNOLOGY HOLDINGS INCunit 99/99/9999	$7,310,000	–	695,152	–	0.37%	–
GSAT	New	GLOBALSTAR INC	$3,483,000	–	1,635,000	–	0.18%	–
XOP	New	SPDR SERIES TRUSTcall	$3,192,000	–	100,000	–	0.16%	–
CHRS	New	COHERUS BIOSCIENCES INCcall	$2,947,000	–	205,400	–	0.15%	–
VMW	New	VMWARE INCcall	$2,186,000	–	25,000	–	0.11%	–
MPLX	New	MPLX LP	$1,002,000	–	30,005	–	0.05%	–

Q4 2016

			Value		Shares		↓ Weighting
NSAM	Exit	NORTHSTAR ASSET MGMT GROUP I	$0	–	-160,000	–	-0.15%	–
FRGI	Exit	FIESTA RESTAURANT GROUP INC	$0	–	-171,159	–	-0.29%	–
CAB	Exit	CABELAS INC	$0	–	-76,000	–	-0.29%	–
POST	Exit	POST HLDGS INCcall	$0	–	-63,100	–	-0.34%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-5,250,000	–	-0.45%	–
EGRX	Exit	EAGLE PHARMACEUTICALS INC	$0	–	-134,876	–	-0.66%	–
BLOX	Exit	INFOBLOX INC	$0	–	-450,000	–	-0.84%	–
BATRK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-700,000	–	-0.86%	–
SIGA	Exit	SIGA TECHNOLOGIES ORD	$0	–	-4,955,721	–	-1.04%	–
BIIB	Exit	BIOGEN INC	$0	–	-50,000	–	-1.10%	–
CB	Exit	CHUBB LIMITED	$0	–	-145,000	–	-1.28%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-914,456	–	-1.41%	–
FNMAS	Exit	FED NATION MOR 8.25% SRS S PRF	$0	–	-6,221,623	–	-1.54%	–
N	Exit	NETSUITE INC	$0	–	-200,000	–	-1.56%	–
AET	Exit	AETNA INC NEWcall	$0	–	-245,200	–	-2.00%	–
HUM	Exit	HUMANA INCcall	$0	–	-175,000	–	-2.18%	–
CIT	Exit	CIT GROUP INCput	$0	–	-1,100,000	–	-2.82%	–
CIT	Exit	CIT GROUP INC	$0	–	-1,100,000	–	-2.82%	–
STJ	Exit	ST JUDE MED INC	$0	–	-525,000	–	-2.95%	–
TBT	Exit	PROSHARES TRcall	$0	–	-1,592,000	–	-3.55%	–
BIIB	Exit	BIOGEN INCcall	$0	–	-165,000	–	-3.64%	–
HIG	Exit	HARTFORD FINL SVCS GROUP INCcall	$0	–	-1,350,000	–	-4.08%	–
DVMT	Exit	DELL TECHNOLOGIES INC	$0	–	-1,350,000	–	-4.55%	–
BLL	Exit	BALL CORP	$0	–	-825,000	–	-4.77%	–
CIT	Exit	CIT GROUP INCcall	$0	–	-1,925,000	–	-4.93%	–
HUM	Exit	HUMANA INCput	$0	–	-422,400	–	-5.27%	–
PG	Exit	PROCTER AND GAMBLE COput	$0	–	-850,000	–	-5.38%	–
MEG	Exit	MEDIA GEN INC NEW	$0	–	-4,809,500	–	-6.25%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-1,000,000	–	-6.33%	–
BMY	Exit	BRISTOL MYERS SQUIBB COcall	$0	–	-1,725,000	–	-6.56%	–
HUM	Exit	HUMANA INC	$0	–	-719,209	–	-8.97%	–
SYT	Exit	SYNGENTA AGsponsored adr	$0	–	-1,810,221	–	-11.18%	–

Q3 2016

			Value		Shares		↓ Weighting
SYT	Buy	SYNGENTA AGsponsored adr	$158,575,000	+21.5%	1,810,221	+5.0%	11.18%	+32.3%
HUM	Buy	HUMANA INC	$127,221,000	+15.9%	719,209	+16.1%	8.97%	+26.3%
BMY	New	BRISTOL MYERS SQUIBB COcall	$93,012,000	–	1,725,000	–	6.56%	–
PG	New	PROCTER AND GAMBLE CO	$89,750,000	–	1,000,000	–	6.33%	–
MEG	Buy	MEDIA GEN INC NEW	$88,639,000	+10.7%	4,809,500	+1.4%	6.25%	+20.6%
PG	New	PROCTER AND GAMBLE COput	$76,288,000	–	850,000	–	5.38%	–
HUM	Sell	HUMANA INCput	$74,718,000	-15.7%	422,400	-15.5%	5.27%	-8.1%
CIT	New	CIT GROUP INCcall	$69,878,000	–	1,925,000	–	4.93%	–
BLL	Buy	BALL CORP	$67,609,000	+65.9%	825,000	+41.8%	4.77%	+80.7%
DVMT	New	DELL TECHNOLOGIES INC	$64,530,000	–	1,350,000	–	4.55%	–
HIG	New	HARTFORD FINL SVCS GROUP INCcall	$57,807,000	–	1,350,000	–	4.08%	–
BIIB	Buy	BIOGEN INCcall	$51,650,000	+137.1%	165,000	+83.3%	3.64%	+158.2%
TBT	New	PROSHARES TRcall	$50,307,000	–	1,592,000	–	3.55%	–
STJ	New	ST JUDE MED INC	$41,874,000	–	525,000	–	2.95%	–
CIT	New	CIT GROUP INCput	$39,930,000	–	1,100,000	–	2.82%	–
CIT	New	CIT GROUP INC	$39,930,000	–	1,100,000	–	2.82%	–
HUM	Buy	HUMANA INCcall	$30,956,000	+5.9%	175,000	+6.1%	2.18%	+15.3%
N	New	NETSUITE INC	$22,138,000	–	200,000	–	1.56%	–
LTRPA	Sell	LIBERTY TRIPADVISOR HLDGS IN	$19,981,000	-44.3%	914,456	-44.9%	1.41%	-39.3%
CB	Sell	CHUBB LIMITED	$18,219,000	-19.3%	145,000	-17.1%	1.28%	-12.1%
BIIB	New	BIOGEN INC	$15,652,000	–	50,000	–	1.10%	–
BATRK	Buy	LIBERTY MEDIA CORP DELAWARE	$12,166,000	+19.8%	700,000	+2.1%	0.86%	+30.6%
BLOX	Sell	INFOBLOX INC	$11,867,000	-17.2%	450,000	-41.9%	0.84%	-9.9%
EGRX	New	EAGLE PHARMACEUTICALS INC	$9,441,000	–	134,876	–	0.66%	–
GSAT	Buy	GLOBALSTAR INC	$6,353,000	+16.6%	5,250,000	+5.0%	0.45%	+26.9%
POST	New	POST HLDGS INCcall	$4,869,000	–	63,100	–	0.34%	–
CAB	New	CABELAS INC	$4,175,000	–	76,000	–	0.29%	–
FRGI	New	FIESTA RESTAURANT GROUP INC	$4,108,000	–	171,159	–	0.29%	–
NSAM	New	NORTHSTAR ASSET MGMT GROUP I	$2,069,000	–	160,000	–	0.15%	–
MKTO	Exit	MARKETO INCput	$0	–	-100,000	–	-0.23%	–
ET	Exit	ENERGY TRANSFER EQUITY L Pcall	$0	–	-474,200	–	-0.43%	–
IMPV	Exit	IMPERVA INC	$0	–	-227,098	–	-0.63%	–
YHOO	Exit	YAHOO INCcall	$0	–	-346,000	–	-0.84%	–
TYC	Exit	TYCO INTL PLC	$0	–	-331,928	–	-0.89%	–
BABA	Exit	ALIBABA GROUP HLDG LTDcall	$0	–	-202,300	–	-1.03%	–
BLL	Exit	BALL CORPcall	$0	–	-248,300	–	-1.13%	–
ODP	Exit	OFFICE DEPOT INCcall	$0	–	-5,907,400	–	-1.23%	–
MDVN	Exit	MEDIVATION INC	$0	–	-342,500	–	-1.37%	–
ADSK	Exit	AUTODESK INCcall	$0	–	-417,200	–	-1.43%	–
TUMI	Exit	TUMI HLDGS INC	$0	–	-823,560	–	-1.43%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-300,000	–	-1.44%	–
MON	Exit	MONSANTO CO NEW	$0	–	-350,000	–	-2.27%	–
SPY	Exit	SPDR S&P 500 ETF TRcall	$0	–	-174,800	–	-2.36%	–
QQQ	Exit	POWERSHARES QQQ TRUSTput	$0	–	-831,200	–	-5.78%	–
YHOO	Exit	YAHOO INC	$0	–	-2,817,036	–	-6.84%	–
HOT	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-1,532,499	–	-7.40%	–
PFE	Exit	PFIZER INCput	$0	–	-4,134,300	–	-9.58%	–
EMC	Exit	E M C CORP MASS	$0	–	-6,467,806	–	-11.42%	–

Q2 2016

			Value		Shares		↓ Weighting
EMC	New	E M C CORP MASS	$176,506,000	–	6,467,806	–	11.42%	–
PFE	New	PFIZER INCput	$148,049,000	–	4,134,300	–	9.58%	–
SYT	New	SYNGENTA AGsponsored adr	$130,516,000	–	1,724,118	–	8.45%	–
HOT	New	STARWOOD HOTELS&RESORTS WRLD	$114,263,000	–	1,532,499	–	7.40%	–
HUM	New	HUMANA INC	$109,730,000	–	619,209	–	7.10%	–
YHOO	New	YAHOO INC	$105,639,000	–	2,817,036	–	6.84%	–
QQQ	New	POWERSHARES QQQ TRUSTput	$89,288,000	–	831,200	–	5.78%	–
HUM	New	HUMANA INCput	$88,587,000	–	499,900	–	5.73%	–
MEG	New	MEDIA GEN INC NEW	$80,037,000	–	4,741,520	–	5.18%	–
BLL	New	BALL CORP	$40,742,000	–	581,606	–	2.64%	–
SPY	New	SPDR S&P 500 ETF TRcall	$36,430,000	–	174,800	–	2.36%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$35,844,000	–	1,659,423	–	2.32%	–
MON	New	MONSANTO CO NEW	$35,088,000	–	350,000	–	2.27%	–
AET	New	AETNA INC NEWcall	$29,350,000	–	245,200	–	1.90%	–
HUM	New	HUMANA INCcall	$29,240,000	–	165,000	–	1.89%	–
FNMAS	New	FEDERAL NATION MOR 8.25% SRS S PRF	$27,873,000	–	6,221,623	–	1.80%	–
CB	New	CHUBB LIMITED	$22,577,000	–	175,000	–	1.46%	–
CAT	New	CATERPILLAR INC DELput	$22,314,000	–	300,000	–	1.44%	–
TUMI	New	TUMI HLDGS INC	$22,038,000	–	823,560	–	1.43%	–
ADSK	New	AUTODESK INCcall	$22,028,000	–	417,200	–	1.43%	–
BIIB	New	BIOGEN INCcall	$21,783,000	–	90,000	–	1.41%	–
MDVN	New	MEDIVATION INC	$21,153,000	–	342,500	–	1.37%	–
ODP	New	OFFICE DEPOT INCcall	$19,022,000	–	5,907,400	–	1.23%	–
BLL	New	BALL CORPcall	$17,393,000	–	248,300	–	1.13%	–
BABA	New	ALIBABA GROUP HLDG LTDcall	$15,976,000	–	202,300	–	1.03%	–
BLOX	New	INFOBLOX INC	$14,338,000	–	775,000	–	0.93%	–
TYC	New	TYCO INTL PLC	$13,805,000	–	331,928	–	0.89%	–
YHOO	New	YAHOO INCcall	$12,975,000	–	346,000	–	0.84%	–
BATRK	New	LIBERTY MEDIA CORP DELAWARE	$10,156,000	–	685,272	–	0.66%	–
IMPV	New	IMPERVA INC	$9,670,000	–	227,098	–	0.63%	–
SIGA	New	SIGA TECHNOLOGIES ORD	$7,136,000	–	4,955,721	–	0.46%	–
ET	New	ENERGY TRANSFER EQUITY L Pcall	$6,691,000	–	474,200	–	0.43%	–
GSAT	New	GLOBALSTAR INC	$5,450,000	–	5,000,000	–	0.35%	–
MKTO	New	MARKETO INCput	$3,499,000	–	100,000	–	0.23%	–

Q4 2015

			Value		Shares		↓ Weighting
MWE	Exit	MARKWEST ENERGY PARTNERS L Punit ltd partn	$0	–	-12,980	–	-0.04%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTDput	$0	–	-19,200	–	-0.15%	–
ODP	Exit	OFFICE DEPOT INCcall	$0	–	-405,700	–	-0.17%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-1,980,506	–	-0.20%	–
SIGA	Exit	SIGA TECHNOLOGIES	$0	–	-4,764,570	–	-0.36%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$0	–	-63,862	–	-0.43%	–
AKRXQ	Exit	AKORN INCcall	$0	–	-292,400	–	-0.53%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-1,258,533	–	-0.62%	–
BLL	Exit	BALL CORPcall	$0	–	-191,600	–	-0.76%	–
CAT	Exit	CATERPILLAR INC DELput	$0	–	-215,000	–	-0.90%	–
MYL	Exit	MYLAN N Vput	$0	–	-350,100	–	-0.90%	–
ODP	Exit	OFFICE DEPOT INC	$0	–	-2,300,001	–	-0.94%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-469,500	–	-1.10%	–
PFE	Exit	PFIZER INCcall	$0	–	-574,800	–	-1.15%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-366,908	–	-1.33%	–
MYL	Exit	MYLAN N Vcall	$0	–	-550,000	–	-1.41%	–
FNMAS	Exit	FANNIE MAE PF S	$0	–	-5,154,887	–	-1.59%	–
CHS	Exit	CHICOS FAS INC	$0	–	-1,668,239	–	-1.67%	–
DEPO	Exit	DEPOMED INC	$0	–	-1,425,408	–	-1.71%	–
AGN	Exit	ALLERGAN PLCcall	$0	–	-100,000	–	-1.73%	–
HUM	Exit	HUMANA INCcall	$0	–	-156,600	–	-1.79%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-1,275,112	–	-1.80%	–
CIK	Exit	CREDIT SUISSE ASSET MGMT INCcall	$0	–	-1,257,800	–	-1.93%	–
KO	Exit	COCA COLA COcall	$0	–	-956,700	–	-2.45%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTDcall	$0	–	-308,200	–	-2.46%	–
AET	Exit	AETNA INC NEWput	$0	–	-369,000	–	-2.57%	–
ACE	Exit	ACE LTDput	$0	–	-405,000	–	-2.67%	–
HUM	Exit	HUMANA INCput	$0	–	-239,100	–	-2.73%	–
TWC	Exit	TIME WARNER CABLE INC	$0	–	-250,000	–	-2.86%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-1,224,601	–	-3.23%	–
CAT	Exit	CATERPILLAR INC DELcall	$0	–	-800,000	–	-3.33%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-1,264,688	–	-4.20%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-347,590	–	-5.09%	–
CB	Exit	CHUBB CORP	$0	–	-675,030	–	-5.28%	–
BUD	Exit	ANHEUSER BUSCH INBEV SA/NVcall	$0	–	-780,500	–	-5.29%	–
BRCM	Exit	BROADCOM CORPcl a	$0	–	-2,406,333	–	-7.89%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-3,141,735	–	-8.08%	–
PRGO	Exit	PERRIGO CO PLC	$0	–	-817,540	–	-8.20%	–
HUM	Exit	HUMANA INC	$0	–	-916,383	–	-10.46%	–

Q3 2015

			Value		Shares		↓ Weighting
HUM	Buy	HUMANA INC	$164,033,000	+1043.4%	916,383	+1121.8%	10.46%	+1552.1%
PRGO	Buy	PERRIGO CO PLC	$128,575,000	+12.4%	817,540	+32.1%	8.20%	+62.3%
LVNTA	Buy	LIBERTY INTERACTIVE CORP	$126,769,000	+9.8%	3,141,735	+6.8%	8.08%	+58.6%
BRCM	Sell	BROADCOM CORPcl a	$123,758,000	-28.2%	2,406,333	-28.1%	7.89%	+3.7%
BUD	New	ANHEUSER BUSCH INBEV SA/NVcall	$82,983,000	–	780,500	–	5.29%	–
CB	New	CHUBB CORP	$82,792,000	–	675,030	–	5.28%	–
PCP	New	PRECISION CASTPARTS CORP	$79,845,000	–	347,590	–	5.09%	–
BHI	Sell	BAKER HUGHES INC	$65,814,000	-35.4%	1,264,688	-23.4%	4.20%	-6.6%
CAT	New	CATERPILLAR INC DELcall	$52,288,000	–	800,000	–	3.33%	–
BKH	Sell	BLACK HILLS CORP	$50,625,000	-46.7%	1,224,601	-43.7%	3.23%	-22.9%
TWC	New	TIME WARNER CABLE INC	$44,843,000	–	250,000	–	2.86%	–
HUM	Buy	HUMANA INCput	$42,799,000	+123.8%	239,100	+139.1%	2.73%	+223.3%
ACE	New	ACE LTDput	$41,877,000	–	405,000	–	2.67%	–
AET	New	AETNA INC NEWput	$40,372,000	–	369,000	–	2.57%	–
AVGO	Sell	AVAGO TECHNOLOGIES LTDcall	$38,528,000	-51.5%	308,200	-48.4%	2.46%	-29.9%
KO	Sell	COCA COLA COcall	$38,383,000	-67.4%	956,700	-68.1%	2.45%	-52.9%
CIK	New	CREDIT SUISSE ASSET MGMT INCcall	$30,225,000	–	1,257,800	–	1.93%	–
LTRPA	Buy	LIBERTY TRIPADVISOR HLDGS IN	$28,269,000	-11.8%	1,275,112	+28.2%	1.80%	+27.4%
HUM	Buy	HUMANA INCcall	$28,031,000	-2.3%	156,600	+4.4%	1.79%	+41.2%
AGN	New	ALLERGAN PLCcall	$27,181,000	–	100,000	–	1.73%	–
DEPO	New	DEPOMED INC	$26,869,000	–	1,425,408	–	1.71%	–
CHS	New	CHICOS FAS INC	$26,241,000	–	1,668,239	–	1.67%	–
FNMAS	Sell	FANNIE MAE PF S	$25,001,000	+23.5%	5,154,887	-4.5%	1.59%	+78.5%
MYL	New	MYLAN N Vcall	$22,143,000	–	550,000	–	1.41%	–
CMCSA	New	COMCAST CORP NEWcl a	$20,870,000	–	366,908	–	1.33%	–
PFE	Sell	PFIZER INCcall	$18,054,000	-64.1%	574,800	-61.7%	1.15%	-48.1%
WMB	Sell	WILLIAMS COS INC DEL	$17,301,000	-82.1%	469,500	-72.1%	1.10%	-74.1%
ODP	New	OFFICE DEPOT INC	$14,766,000	–	2,300,001	–	0.94%	–
MYL	New	MYLAN N Vput	$14,095,000	–	350,100	–	0.90%	–
CAT	New	CATERPILLAR INC DELput	$14,052,000	–	215,000	–	0.90%	–
BLL	New	BALL CORPcall	$11,918,000	–	191,600	–	0.76%	–
SXC	Sell	SUNCOKE ENERGY INC	$9,791,000	-79.7%	1,258,533	-66.2%	0.62%	-70.7%
AKRXQ	New	AKORN INCcall	$8,336,000	–	292,400	–	0.53%	–
BUD	Sell	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$6,790,000	-86.6%	63,862	-84.8%	0.43%	-80.7%
SIGA	Sell	SIGA TECHNOLOGIES	$5,622,000	-11.1%	4,764,570	-2.8%	0.36%	+28.3%
GSAT	Sell	GLOBALSTAR INC	$3,109,000	-28.8%	1,980,506	-4.3%	0.20%	+2.6%
ODP	New	OFFICE DEPOT INCcall	$2,605,000	–	405,700	–	0.17%	–
AVGO	Sell	AVAGO TECHNOLOGIES LTDput	$2,400,000	-9.7%	19,200	-4.0%	0.15%	+30.8%
MWE	New	MARKWEST ENERGY PARTNERS L Punit ltd partn	$557,000	–	12,980	–	0.04%	–
WEN	Exit	WENDYS CO	$0	–	-1,000,000	–	-0.50%	–
CYH	Exit	COMMUNITY HEALTH SYS INC NEWput	$0	–	-214,200	–	-0.60%	–
MYL	Exit	MYLAN N V	$0	–	-225,000	–	-0.67%	–
CI	Exit	CIGNA CORPORATIONcall	$0	–	-100,000	–	-0.72%	–
THC	Exit	TENET HEALTHCARE CORPput	$0	–	-300,000	–	-0.77%	–
RAX	Exit	RACKSPACE HOSTING INCcall	$0	–	-500,000	–	-0.82%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-450,000	–	-0.96%	–
UIL	Exit	UIL HLDG CORP	$0	–	-500,000	–	-1.01%	–
CS	Exit	CREDIT SUISSE GROUPput	$0	–	-1,000,000	–	-1.22%	–
MAC	Exit	MACERICH CO	$0	–	-430,000	–	-1.42%	–
CLNY	Exit	COLONY CAP INCcl a	$0	–	-1,865,000	–	-1.86%	–
GNCIQ	Exit	GNC HLDGS INC	$0	–	-970,952	–	-1.90%	–
AMAT	Exit	APPLIED MATLS INCcall	$0	–	-2,250,000	–	-1.91%	–
ITW	Exit	ILLINOIS TOOL WKS INCcall	$0	–	-500,000	–	-2.02%	–
QCOM	Exit	QUALCOMM INC	$0	–	-900,000	–	-2.49%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-1,389,204	–	-3.36%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-785,816	–	-3.40%	–
CVX	Exit	CHEVRON CORP NEWput	$0	–	-1,100,000	–	-4.68%	–
QCOM	Exit	QUALCOMM INCcall	$0	–	-2,950,000	–	-8.15%	–
IWM	Exit	ISHARES TRput	$0	–	-1,800,000	–	-9.92%	–

Q2 2015

			Value		Shares		↓ Weighting
IWM	New	ISHARES TRput	$224,748,000	–	1,800,000	–	9.92%	–
QCOM	New	QUALCOMM INCcall	$184,759,000	–	2,950,000	–	8.15%	–
BRCM	New	BROADCOM CORPcl a	$172,409,000	–	3,348,400	–	7.61%	–
KO	New	COCA COLA COcall	$117,690,000	–	3,000,000	–	5.19%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$115,491,000	–	2,940,940	–	5.10%	–
PRGO	New	PERRIGO CO PLC	$114,428,000	–	619,100	–	5.05%	–
CVX	New	CHEVRON CORP NEWput	$106,117,000	–	1,100,000	–	4.68%	–
BHI	New	BAKER HUGHES INC	$101,805,000	–	1,650,000	–	4.49%	–
WMB	New	WILLIAMS COS INC DEL	$96,681,000	–	1,684,630	–	4.27%	–
BKH	New	BLACK HILLS CORP	$94,949,000	–	2,175,245	–	4.19%	–
AVGO	New	AVAGO TECHNOLOGIES LTDcall	$79,412,000	–	597,400	–	3.50%	–
NEE	New	NEXTERA ENERGY INC	$77,034,000	–	785,816	–	3.40%	–
BEAV	New	B/E AEROSPACE INC	$76,267,000	–	1,389,204	–	3.36%	–
QCOM	New	QUALCOMM INC	$56,367,000	–	900,000	–	2.49%	–
BUD	New	ANHEUSER BUSCH INBEV SA/NVsponsored adr	$50,848,000	–	421,380	–	2.24%	–
PFE	New	PFIZER INCcall	$50,295,000	–	1,500,000	–	2.22%	–
SXC	New	SUNCOKE ENERGY INC	$48,349,000	–	3,719,161	–	2.13%	–
ITW	New	ILLINOIS TOOL WKS INCcall	$45,895,000	–	500,000	–	2.02%	–
AMAT	New	APPLIED MATLS INCcall	$43,245,000	–	2,250,000	–	1.91%	–
GNCIQ	New	GNC HLDGS INC	$43,188,000	–	970,952	–	1.90%	–
CLNY	New	COLONY CAP INCcl a	$42,242,000	–	1,865,000	–	1.86%	–
MAC	New	MACERICH CO	$32,078,000	–	430,000	–	1.42%	–
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$32,046,000	–	994,589	–	1.41%	–
HUM	New	HUMANA INCcall	$28,692,000	–	150,000	–	1.27%	–
CS	New	CREDIT SUISSE GROUPput	$27,600,000	–	1,000,000	–	1.22%	–
UIL	New	UIL HLDG CORP	$22,910,000	–	500,000	–	1.01%	–
ZTS	New	ZOETIS INCcl a	$21,699,000	–	450,000	–	0.96%	–
FNMAS	New	FANNIE MAE PF S	$20,242,000	–	5,397,932	–	0.89%	–
HUM	New	HUMANA INCput	$19,128,000	–	100,000	–	0.84%	–
RAX	New	RACKSPACE HOSTING INCcall	$18,595,000	–	500,000	–	0.82%	–
THC	New	TENET HEALTHCARE CORPput	$17,364,000	–	300,000	–	0.77%	–
CI	New	CIGNA CORPORATIONcall	$16,200,000	–	100,000	–	0.72%	–
MYL	New	MYLAN N V	$15,269,000	–	225,000	–	0.67%	–
HUM	New	HUMANA INC	$14,346,000	–	75,000	–	0.63%	–
CYH	New	COMMUNITY HEALTH SYS INC NEWput	$13,488,000	–	214,200	–	0.60%	–
WEN	New	WENDYS CO	$11,280,000	–	1,000,000	–	0.50%	–
SIGA	New	SIGA TECHNOLOGIES	$6,321,000	–	4,900,000	–	0.28%	–
GSAT	New	GLOBALSTAR INC	$4,366,000	–	2,069,174	–	0.19%	–
AVGO	New	AVAGO TECHNOLOGIES LTDput	$2,659,000	–	20,000	–	0.12%	–

Q4 2014

			Value		Shares		↓ Weighting
CBSTZ	Exit	CUBIST PHARMACEUTICALS INCright 99/99/9999	$0	–	-2,693,048	–	-0.01%	–
RESCU	Exit	RESCAP LIQUIDATING TR	$0	–	-74,314	–	-0.04%	–
SNN	Exit	SMITH & NEPHEW PLCspdn adr new	$0	–	-32,881	–	-0.10%	–
MDT	Exit	MEDTRONIC INCput	$0	–	-47,800	–	-0.11%	–
HUBA	Exit	HUBBELL INCcl a	$0	–	-24,450	–	-0.11%	–
PIP	Exit	PHARMATHENE INC	$0	–	-2,326,642	–	-0.15%	–
TSU	Exit	TIM PARTICIPACOES S Asponsored adr	$0	–	-233,782	–	-0.23%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-4,671,806	–	-0.25%	–
EXPE	Exit	EXPEDIA INC DELput	$0	–	-100,000	–	-0.32%	–
F113PS	Exit	COVIDIEN PLCcall	$0	–	-125,000	–	-0.40%	–
EXPE	Exit	EXPEDIA INC DELcall	$0	–	-125,000	–	-0.40%	–
TRIP	Exit	TRIPADVISOR INCcall	$0	–	-150,000	–	-0.51%	–
9207PS	Exit	ROCK-TENN COcl a	$0	–	-299,000	–	-0.52%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-200,000	–	-0.53%	–
NEE	Exit	NEXTERA ENERGY INCcall	$0	–	-200,000	–	-0.69%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-82,673	–	-0.79%	–
SYK	Exit	STRYKER CORPcall	$0	–	-400,000	–	-1.19%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTLcall	$0	–	-250,000	–	-1.21%	–
PKG	Exit	PACKAGING CORP AMER	$0	–	-520,000	–	-1.22%	–
TAP	Exit	MOLSON COORS BREWING COcl b	$0	–	-450,000	–	-1.24%	–
DRC	Exit	DRESSER-RAND GROUP INC	$0	–	-450,000	–	-1.36%	–
T104PS	Exit	AMERICAN RLTY CAP PPTYS INC	$0	–	-3,148,000	–	-1.40%	–
SHPG	Exit	SHIRE PLCcall	$0	–	-148,300	–	-1.42%	–
MAS	Exit	MASCO CORP	$0	–	-1,670,000	–	-1.47%	–
AGN	Exit	ALLERGAN INC	$0	–	-225,872	–	-1.48%	–
DISH	Exit	DISH NETWORK CORPcl a	$0	–	-667,848	–	-1.59%	–
B108PS	Exit	ACTAVIS PLCput	$0	–	-200,000	–	-1.78%	–
KS	Exit	KAPSTONE PAPER & PACKAGING C	$0	–	-1,898,000	–	-1.96%	–
IRM	Exit	IRON MTN INCput	$0	–	-1,657,800	–	-2.00%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-545,000	–	-2.04%	–
LO	Exit	LORILLARD INC	$0	–	-925,000	–	-2.04%	–
GSAT	Exit	GLOBALSTAR INC	$0	–	-15,260,743	–	-2.06%	–
B108PS	Exit	ACTAVIS PLC	$0	–	-235,000	–	-2.09%	–
B108PS	Exit	ACTAVIS PLCcall	$0	–	-251,900	–	-2.24%	–
AUXL	Exit	AUXILIUM PHARMACEUTICALS INC	$0	–	-2,100,000	–	-2.31%	–
HTZ	Exit	HERTZ GLOBAL HOLDINGS INC	$0	–	-2,625,338	–	-2.46%	–
MDT	Exit	MEDTRONIC INCcall	$0	–	-1,192,100	–	-2.72%	–
HES	Exit	HESS CORP	$0	–	-858,414	–	-2.99%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-4,100,000	–	-3.39%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-1,099,702	–	-3.51%	–
BEAV	Exit	B/E AEROSPACE INC	$0	–	-1,145,562	–	-3.55%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-2,561,683	–	-3.59%	–
LTRPA	Exit	LIBERTY TRIPADVISOR HLDGS IN	$0	–	-2,961,683	–	-3.70%	–
PFE	Exit	PFIZER INC	$0	–	-3,436,850	–	-3.75%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-2,169,199	–	-3.83%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,390,766	–	-8.28%	–
IWM	Exit	ISHARES TRput	$0	–	-5,200,000	–	-20.97%	–

Q3 2014

			Value		Shares		↓ Weighting
IWM	Buy	ISHARES TRput	$568,620,000	+19.6%	5,200,000	+30.0%	20.97%	-2.0%
NEE	Buy	NEXTERA ENERGY INC	$224,445,000	+15.5%	2,390,766	+26.0%	8.28%	-5.5%
BKH	Buy	BLACK HILLS CORP	$103,861,000	-2.2%	2,169,199	+25.4%	3.83%	-19.9%
PFE	Buy	PFIZER INC	$101,628,000	+36.6%	3,436,850	+37.1%	3.75%	+11.8%
LTRPA	New	LIBERTY TRIPADVISOR HLDGS IN	$100,401,000	–	2,961,683	–	3.70%	–
LVNTA	Sell	LIBERTY INTERACTIVE CORP	$97,241,000	-53.2%	2,561,683	-9.0%	3.59%	-61.7%
BEAV	Buy	B/E AEROSPACE INC	$96,158,000	+246.6%	1,145,562	+281.9%	3.55%	+183.9%
F113PS	Buy	COVIDIEN PLC	$95,135,000	+31.5%	1,099,702	+37.1%	3.51%	+7.7%
HES	Buy	HESS CORP	$80,966,000	+7.5%	858,414	+12.7%	2.99%	-12.0%
MDT	Buy	MEDTRONIC INCcall	$73,851,000	+234.8%	1,192,100	+244.5%	2.72%	+174.2%
HTZ	Buy	HERTZ GLOBAL HOLDINGS INC	$66,657,000	-4.7%	2,625,338	+5.2%	2.46%	-22.0%
AUXL	Buy	AUXILIUM PHARMACEUTICALS INC	$62,685,000	+1206.5%	2,100,000	+778.0%	2.31%	+969.9%
B108PS	Buy	ACTAVIS PLCcall	$60,778,000	+118.0%	251,900	+101.5%	2.24%	+78.6%
B108PS	New	ACTAVIS PLC	$56,701,000	–	235,000	–	2.09%	–
GSAT	Buy	GLOBALSTAR INC	$55,854,000	+17.1%	15,260,743	+36.0%	2.06%	-4.1%
LO	New	LORILLARD INC	$55,417,000	–	925,000	–	2.04%	–
APC	New	ANADARKO PETE CORP	$55,285,000	–	545,000	–	2.04%	–
KS	New	KAPSTONE PAPER & PACKAGING C	$53,087,000	–	1,898,000	–	1.96%	–
B108PS	New	ACTAVIS PLCput	$48,256,000	–	200,000	–	1.78%	–
DISH	Buy	DISH NETWORK CORPcl a	$43,130,000	+2550.9%	667,848	+2571.4%	1.59%	+2078.1%
AGN	Sell	ALLERGAN INC	$40,248,000	-52.5%	225,872	-54.9%	1.48%	-61.1%
MAS	New	MASCO CORP	$39,946,000	–	1,670,000	–	1.47%	–
SHPG	New	SHIRE PLCcall	$38,417,000	–	148,300	–	1.42%	–
T104PS	New	AMERICAN RLTY CAP PPTYS INC	$37,965,000	–	3,148,000	–	1.40%	–
DRC	New	DRESSER-RAND GROUP INC	$37,017,000	–	450,000	–	1.36%	–
TAP	New	MOLSON COORS BREWING COcl b	$33,498,000	–	450,000	–	1.24%	–
PKG	New	PACKAGING CORP AMER	$33,186,000	–	520,000	–	1.22%	–
VRX	New	VALEANT PHARMACEUTICALS INTLcall	$32,800,000	–	250,000	–	1.21%	–
SYK	New	STRYKER CORPcall	$32,300,000	–	400,000	–	1.19%	–
SHPG	Sell	SHIRE PLCsponsored adr	$21,416,000	+7.0%	82,673	-2.7%	0.79%	-12.3%
NEE	New	NEXTERA ENERGY INCcall	$18,776,000	–	200,000	–	0.69%	–
AZN	Sell	ASTRAZENECA PLCsponsored adr	$14,288,000	-66.6%	200,000	-65.2%	0.53%	-72.6%
9207PS	New	ROCK-TENN COcl a	$14,226,000	–	299,000	–	0.52%	–
TRIP	Sell	TRIPADVISOR INCcall	$13,713,000	-57.9%	150,000	-50.0%	0.51%	-65.5%
EXPE	New	EXPEDIA INC DELcall	$10,953,000	–	125,000	–	0.40%	–
F113PS	New	COVIDIEN PLCcall	$10,814,000	–	125,000	–	0.40%	–
EXPE	New	EXPEDIA INC DELput	$8,762,000	–	100,000	–	0.32%	–
SIGA	Buy	SIGA TECHNOLOGIES INC	$6,751,000	-39.8%	4,671,806	+17.5%	0.25%	-50.7%
TSU	Sell	TIM PARTICIPACOES S Asponsored adr	$6,125,000	-88.4%	233,782	-87.2%	0.23%	-90.5%
PIP	Buy	PHARMATHENE INC	$4,141,000	+104.6%	2,326,642	+62.1%	0.15%	+68.1%
HUBA	Buy	HUBBELL INCcl a	$3,036,000	+16.7%	24,450	+17.3%	0.11%	-4.3%
MDT	New	MEDTRONIC INCput	$2,961,000	–	47,800	–	0.11%	–
SNN	Sell	SMITH & NEPHEW PLCspdn adr new	$2,768,000	-78.6%	32,881	-77.3%	0.10%	-82.5%
RESCU	Sell	RESCAP LIQUIDATING TR	$1,189,000	-48.6%	74,314	-50.4%	0.04%	-57.7%
FMCKJ	Exit	FREDDIE MAC PR Z	$0	–	-30,105	–	-0.02%	–
FNMAS	Exit	FANNIE MAE PF S	$0	–	-100,000	–	-0.05%	–
FNMA	Exit	FANNIE MAE COMMON STOCK	$0	–	-700,000	–	-0.12%	–
AUXL	Exit	AUXILIUM PHARMACEUTICALS INCcall	$0	–	-162,400	–	-0.15%	–
FMCC	Exit	FREDDIE MAC	$0	–	-1,641,800	–	-0.28%	–
SHPG	Exit	SHIRE PLCput	$0	–	-35,000	–	-0.37%	–
YHOO	Exit	YAHOO INCcall	$0	–	-400,000	–	-0.63%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-272,500	–	-0.71%	–
AGN	Exit	ALLERGAN INCcall	$0	–	-100,000	–	-0.76%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-1,000,000	–	-1.48%	–
EMR	Exit	EMERSON ELEC COcall	$0	–	-500,000	–	-1.49%	–
CPWR	Exit	COMPUWARE CORP	$0	–	-3,352,587	–	-1.51%	–
TSN	Exit	TYSON FOODS INCcall	$0	–	-950,000	–	-1.61%	–
DISH	Exit	DISH NETWORK CORPcall	$0	–	-650,000	–	-1.90%	–
MYL	Exit	MYLAN INC	$0	–	-825,000	–	-1.92%	–
VOD	Exit	VODAFONE GROUP PLC NEWcall	$0	–	-3,400,000	–	-5.11%	–

Q2 2014

			Value		Shares		↓ Weighting
IWM	New	ISHARESput	$475,240,000	–	4,000,000	–	21.40%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$207,687,000	–	2,814,182	–	9.35%	–
NEE	New	NEXTERA ENERGY INC	$194,405,000	–	1,897,000	–	8.75%	–
VOD	New	VODAFONE GROUP PLC NEWcall	$113,526,000	–	3,400,000	–	5.11%	–
BKH	New	BLACK HILLS CORP	$106,156,000	–	1,729,199	–	4.78%	–
SXC	New	SUNCOKE ENERGY INC	$88,150,000	–	4,100,000	–	3.97%	–
AGN	New	ALLERGAN INC	$84,661,000	–	500,300	–	3.81%	–
HES	New	HESS CORP	$75,333,000	–	761,784	–	3.39%	–
PFE	New	PFIZER INC	$74,424,000	–	2,507,556	–	3.35%	–
F113PS	New	COVIDIEN PLC	$72,324,000	–	802,000	–	3.26%	–
HTZ	New	HERTZ GLOBAL HOLDINGS INC	$69,953,000	–	2,495,664	–	3.15%	–
IRM	New	IRON MTN INCput	$58,769,000	–	1,657,800	–	2.65%	–
TSU	New	TIM PARTICIPACOES S Asponsored adr	$52,951,000	–	1,824,000	–	2.38%	–
GSAT	New	GLOBALSTAR INC	$47,693,000	–	11,221,843	–	2.15%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$42,728,000	–	575,000	–	1.92%	–
MYL	New	MYLAN INC	$42,537,000	–	825,000	–	1.92%	–
DISH	New	DISH NETWORK CORPcall	$42,302,000	–	650,000	–	1.90%	–
TSN	New	TYSON FOODS INCcall	$35,663,000	–	950,000	–	1.61%	–
CPWR	New	COMPUWARE CORP	$33,492,000	–	3,352,587	–	1.51%	–
EMR	New	EMERSON ELEC COcall	$33,180,000	–	500,000	–	1.49%	–
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$32,760,000	–	1,000,000	–	1.48%	–
TRIP	New	TRIPADVISOR INCcall	$32,598,000	–	300,000	–	1.47%	–
B108PS	New	ACTAVIS PLCcall	$27,881,000	–	125,000	–	1.26%	–
BEAV	New	B/E AEROSPACE INC	$27,747,000	–	300,000	–	1.25%	–
MDT	New	MEDTRONIC INCcall	$22,061,000	–	346,000	–	0.99%	–
SHPG	New	SHIRE PLCsponsored adr	$20,017,000	–	85,000	–	0.90%	–
AGN	New	ALLERGAN INCcall	$16,922,000	–	100,000	–	0.76%	–
WMB	New	WILLIAMS COS INC DEL	$15,862,000	–	272,500	–	0.71%	–
YHOO	New	YAHOO INCcall	$14,052,000	–	400,000	–	0.63%	–
SNN	New	SMITH & NEPHEW PLCspdn adr new	$12,946,000	–	145,000	–	0.58%	–
SIGA	New	SIGA TECHNOLOGIES INC	$11,214,000	–	3,976,427	–	0.50%	–
SHPG	New	SHIRE PLCput	$8,242,000	–	35,000	–	0.37%	–
FMCC	New	FREDDIE MAC	$6,337,000	–	1,641,800	–	0.28%	–
AUXL	New	AUXILIUM PHARMACEUTICALS INC	$4,798,000	–	239,175	–	0.22%	–
AUXL	New	AUXILIUM PHARMACEUTICALS INCcall	$3,258,000	–	162,400	–	0.15%	–
FNMA	New	FANNIE MAE COMMON STOCK	$2,737,000	–	700,000	–	0.12%	–
HUBA	New	HUBBELL INCcl a	$2,602,000	–	20,850	–	0.12%	–
RESCU	New	RESCAP LIQUIDATING TR	$2,311,000	–	149,950	–	0.10%	–
PIP	New	PHARMATHENE INC	$2,024,000	–	1,435,692	–	0.09%	–
DISH	New	DISH NETWORK CORPcl a	$1,627,000	–	25,000	–	0.07%	–
FNMAS	New	FANNIE MAE PF S	$1,035,000	–	100,000	–	0.05%	–
FMCKJ	New	FREDDIE MAC PR Z	$328,000	–	30,105	–	0.02%	–
CBSTZ	New	CUBIST PHARMACEUTICALS INCright 99/99/9999	$312,000	–	2,693,048	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
SBY	Exit	SILVER BAY RLTY TR CORP	$0	–	-30,101	–	-0.03%	–
PIP	Exit	PHARMATHENE INC	$0	–	-1,014,040	–	-0.16%	–
GSAT	Exit	GLOBALSTAR INC.	$0	–	-3,735,549	–	-0.30%	–
MSPD	Exit	MINDSPEED TECHNOLOGIES INC	$0	–	-1,692,653	–	-0.37%	–
HLF	Exit	HERBALIFE LTDcall	$0	–	-74,900	–	-0.38%	–
CHMT	Exit	CHEMTURA CORP	$0	–	-280,000	–	-0.47%	–
PRKR	Exit	PARKERVISION INC	$0	–	-2,003,130	–	-0.49%	–
DOOR	Exit	MASONITE INTL CORP NEW	$0	–	-142,446	–	-0.51%	–
HNR	Exit	HARVEST NATURAL RESOURCES IN	$0	–	-2,156,300	–	-0.84%	–
AAMRQ	Exit	AMR CORPORATION	$0	–	-2,881,156	–	-0.86%	–
OPTR	Exit	OPTIMER PHARMACEUTICALS INC	$0	–	-1,027,589	–	-0.94%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALput	$0	–	-535,500	–	-1.04%	–
FNF	Exit	FIDELITY NATIONAL FINANCIALcl a	$0	–	-536,310	–	-1.04%	–
SIGA	Exit	SIGA TECHNOLOGIES INC	$0	–	-3,790,610	–	-1.05%	–
TSU	Exit	TIM PARTICIPACOES S Asponsored adr	$0	–	-628,551	–	-1.08%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-250,000	–	-1.15%	–
GMCR	Exit	GREEN MTN COFFEE ROASTERS INput	$0	–	-235,600	–	-1.29%	–
GEO	Exit	GEO GROUP INC	$0	–	-581,802	–	-1.40%	–
CPN	Exit	CALPINE CORP	$0	–	-1,240,528	–	-1.75%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-259,650	–	-2.01%	–
PRGO	Exit	PERRIGO COput	$0	–	-228,800	–	-2.05%	–
NRG	Exit	NRG ENERGY INCcall	$0	–	-1,070,600	–	-2.12%	–
MNKKQ	Exit	MALLINCKRODT PUB LTD CO	$0	–	-701,201	–	-2.24%	–
DGI	Exit	DIGITALGLOBE INC	$0	–	-1,039,735	–	-2.39%	–
THI	Exit	TIM HORTONS INC	$0	–	-630,576	–	-2.66%	–
HES	Exit	HESS CORPcall	$0	–	-484,600	–	-2.72%	–
PRGO	Exit	PERRIGO COcall	$0	–	-313,500	–	-2.81%	–
LPS	Exit	LENDER PROCESSING SVCS INC	$0	–	-1,192,601	–	-2.88%	–
NRG	Exit	NRG ENERGY INC	$0	–	-1,452,300	–	-2.88%	–
CPWR	Exit	COMPUWARE CORP	$0	–	-3,729,606	–	-3.03%	–
TWX	Exit	TIME WARNER INC	$0	–	-413,569	–	-3.35%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-996,198	–	-3.61%	–
SXC	Exit	SUNCOKE ENERGY INC	$0	–	-3,670,715	–	-4.53%	–
IYR	Exit	ISHAREScall	$0	–	-1,000,000	–	-4.63%	–
IWM	Exit	ISHAREScall	$0	–	-728,600	–	-5.64%	–
SHW	Exit	SHERWIN WILLIAMS COput	$0	–	-484,600	–	-6.41%	–
LVNTA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-1,090,700	–	-6.98%	–
HES	Exit	HESS CORP	$0	–	-1,279,518	–	-7.19%	–
ELN	Exit	ELAN PLCadr	$0	–	-6,410,643	–	-7.25%	–
IWM	Exit	ISHARESput	$0	–	-964,200	–	-7.47%	–

Q3 2013

			Value		Shares		↓ Weighting
IWM	Sell	ISHARESput	$102,793,000	-37.7%	964,200	-43.3%	7.47%	-36.4%
ELN	Buy	ELAN PLCadr	$99,878,000	+75.7%	6,410,643	+59.5%	7.25%	+79.2%
HES	Sell	HESS CORP	$98,958,000	+0.4%	1,279,518	-13.7%	7.19%	+2.4%
LVNTA	Buy	LIBERTY INTERACTIVE CORP	$96,167,000	+16.9%	1,090,700	+12.7%	6.98%	+19.2%
SHW	New	SHERWIN WILLIAMS COput	$88,284,000	–	484,600	–	6.41%	–
IWM	New	ISHAREScall	$77,676,000	–	728,600	–	5.64%	–
SXC	Buy	SUNCOKE ENERGY INC	$62,402,000	+27.9%	3,670,715	+5.5%	4.53%	+30.5%
BKH	Buy	BLACK HILLS CORP	$49,670,000	+5.7%	996,198	+3.4%	3.61%	+7.9%
TWX	New	TIME WARNER INC	$46,154,000	–	413,569	–	3.35%	–
CPWR	New	COMPUWARE CORP	$41,734,000	–	3,729,606	–	3.03%	–
NRG	New	NRG ENERGY INC	$39,691,000	–	1,452,300	–	2.88%	–
LPS	Buy	LENDER PROCESSING SVCS INC	$39,678,000	+17.9%	1,192,601	+14.7%	2.88%	+20.3%
PRGO	New	PERRIGO COcall	$38,680,000	–	313,500	–	2.81%	–
HES	New	HESS CORPcall	$37,479,000	–	484,600	–	2.72%	–
THI	Buy	TIM HORTONS INC	$36,573,000	+159.9%	630,576	+142.5%	2.66%	+165.1%
DGI	Buy	DIGITALGLOBE INC	$32,876,000	+4.6%	1,039,735	+2.5%	2.39%	+6.7%
MNKKQ	New	MALLINCKRODT PUB LTD CO	$30,916,000	–	701,201	–	2.24%	–
NRG	Sell	NRG ENERGY INCcall	$29,259,000	-46.5%	1,070,600	-47.7%	2.12%	-45.4%
PRGO	New	PERRIGO COput	$28,229,000	–	228,800	–	2.05%	–
APD	New	AIR PRODS & CHEMS INC	$27,671,000	–	259,650	–	2.01%	–
CPN	New	CALPINE CORP	$24,103,000	–	1,240,528	–	1.75%	–
GEO	Sell	GEO GROUP INC	$19,345,000	-53.2%	581,802	-52.2%	1.40%	-52.2%
GMCR	New	GREEN MTN COFFEE ROASTERS INput	$17,748,000	–	235,600	–	1.29%	–
ETR	New	ENTERGY CORP NEW	$15,798,000	–	250,000	–	1.15%	–
TSU	New	TIM PARTICIPACOES S Asponsored adr	$14,815,000	–	628,551	–	1.08%	–
SIGA	Buy	SIGA TECHNOLOGIES INC	$14,480,000	+43.6%	3,790,610	+6.7%	1.05%	+46.5%
FNF	New	FIDELITY NATIONAL FINANCIALcl a	$14,266,000	–	536,310	–	1.04%	–
FNF	New	FIDELITY NATIONAL FINANCIALput	$14,244,000	–	535,500	–	1.04%	–
OPTR	New	OPTIMER PHARMACEUTICALS INC	$12,937,000	–	1,027,589	–	0.94%	–
AAMRQ	New	AMR CORPORATION	$11,842,000	–	2,881,156	–	0.86%	–
HNR	Sell	HARVEST NATURAL RESOURCES IN	$11,536,000	+11.2%	2,156,300	-35.6%	0.84%	+13.6%
DOOR	New	MASONITE INTL CORP NEW	$6,970,000	–	142,446	–	0.51%	–
PRKR	Buy	PARKERVISION INC	$6,710,000	+84.3%	2,003,130	+150.4%	0.49%	+88.0%
HLF	New	HERBALIFE LTDcall	$5,226,000	–	74,900	–	0.38%	–
MSPD	Buy	MINDSPEED TECHNOLOGIES INC	$5,146,000	+269.2%	1,692,653	+293.5%	0.37%	+277.8%
GSAT	New	GLOBALSTAR INC.	$4,072,000	–	3,735,549	–	0.30%	–
PIP	New	PHARMATHENE INC	$2,129,000	–	1,014,040	–	0.16%	–
ROICW	Exit	RETAIL OPPORTUNITY INVTS COR*w exp 10/23/201	$0	–	-558,585	–	-0.08%	–
RSG	Exit	REPUBLIC SVCS INCput	$0	–	-33,400	–	-0.08%	–
ET	Exit	ENERGY TRANSFER EQUITY L P	$0	–	-23,400	–	-0.10%	–
MYL	Exit	MYLAN INC	$0	–	-50,000	–	-0.11%	–
LCC	Exit	U S AIRWAYS GROUP INCcall	$0	–	-100,000	–	-0.12%	–
IRM	Exit	IRON MTN INC	$0	–	-170,000	–	-0.32%	–
IRM	Exit	IRON MTN INCput	$0	–	-170,000	–	-0.32%	–
LPS	Exit	LENDER PROCESSING SVCS INCcall	$0	–	-150,200	–	-0.35%	–
CFN	Exit	CAREFUSION CORP	$0	–	-175,000	–	-0.46%	–
WCRX	Exit	WARNER CHILCOTT PLC IRELANDcall	$0	–	-341,200	–	-0.48%	–
OIS	Exit	OIL STS INTL INC	$0	–	-99,463	–	-0.66%	–
MYL	Exit	MYLAN INCcall	$0	–	-350,000	–	-0.77%	–
LO	Exit	LORILLARD INCput	$0	–	-300,000	–	-0.93%	–
MYGN	Exit	MYRIAD GENETICS INC	$0	–	-505,000	–	-0.97%	–
NRZ	Exit	NEW RESIDENTIAL INVT CORP	$0	–	-2,325,000	–	-1.12%	–
IRM	Exit	IRON MTN INCcall	$0	–	-680,000	–	-1.29%	–
WM	Exit	WASTE MGMT INC DELcall	$0	–	-450,000	–	-1.29%	–
F113PS	Exit	COVIDIEN PLCcall	$0	–	-350,000	–	-1.42%	–
LSE	Exit	CAPLEASE INC	$0	–	-2,417,529	–	-1.45%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-335,000	–	-1.50%	–
ET	Exit	ENERGY TRANSFER EQUITY L Pput	$0	–	-400,000	–	-1.70%	–
PFE	Exit	PFIZER INCput	$0	–	-947,900	–	-1.89%	–
PFE	Exit	PFIZER INC	$0	–	-948,851	–	-1.89%	–
RSG	Exit	REPUBLIC SVCS INCcall	$0	–	-876,700	–	-2.12%	–
XLU	Exit	SELECT SECTOR SPDR TRcall	$0	–	-800,000	–	-2.14%	–
O	Exit	REALTY INCOME CORPcall	$0	–	-935,500	–	-2.79%	–
MYGN	Exit	MYRIAD GENETICS INCput	$0	–	-1,571,600	–	-3.01%	–
ACT	Exit	ACTAVIS INC	$0	–	-372,000	–	-3.34%	–
ET	Exit	ENERGY TRANSFER EQUITY L Pcall	$0	–	-815,400	–	-3.47%	–
BKD	Exit	BROOKDALE SR LIVING INC	$0	–	-2,090,000	–	-3.93%	–
T104PS	Exit	AMERICAN RLTY CAP PPTYS INC	$0	–	-4,561,500	–	-4.96%	–

Q2 2013

			Value		Shares		↓ Weighting
IWM	New	ISHARES TRput	$164,900,000	–	1,700,000	–	11.74%	–
HES	New	HESS CORP	$98,603,000	–	1,482,973	–	7.02%	–
LVNTA	New	LIBERTY INTERACTIVE CORP	$82,287,000	–	967,972	–	5.86%	–
T104PS	New	AMERICAN RLTY CAP PPTYS INC	$69,608,000	–	4,561,500	–	4.96%	–
IYR	New	ISHARES TRcall	$66,430,000	–	1,000,000	–	4.73%	–
ELN	New	ELAN PLCadr	$56,845,000	–	4,020,150	–	4.05%	–
BKD	New	BROOKDALE SR LIVING INC	$55,260,000	–	2,090,000	–	3.93%	–
NRG	New	NRG ENERGY INCcall	$54,650,000	–	2,046,800	–	3.89%	–
SXC	New	SUNCOKE ENERGY INC	$48,792,000	–	3,480,139	–	3.47%	–
ET	New	ENERGY TRANSFER EQUITY L Pcall	$48,777,000	–	815,400	–	3.47%	–
BKH	New	BLACK HILLS CORP	$46,976,000	–	963,600	–	3.34%	–
ACT	New	ACTAVIS INC	$46,954,000	–	372,000	–	3.34%	–
MYGN	New	MYRIAD GENETICS INCput	$42,229,000	–	1,571,600	–	3.01%	–
GEO	New	GEO GROUP INC	$41,306,000	–	1,216,662	–	2.94%	–
O	New	REALTY INCOME CORPcall	$39,216,000	–	935,500	–	2.79%	–
LPS	New	LENDER PROCESSING SVCS INC	$33,644,000	–	1,040,000	–	2.40%	–
DGI	New	DIGITALGLOBE INC	$31,444,000	–	1,014,000	–	2.24%	–
XLU	New	SELECT SECTOR SPDR TRcall	$30,104,000	–	800,000	–	2.14%	–
RSG	New	REPUBLIC SVCS INCcall	$29,755,000	–	876,700	–	2.12%	–
PFE	New	PFIZER INC	$26,577,000	–	948,851	–	1.89%	–
PFE	New	PFIZER INCput	$26,551,000	–	947,900	–	1.89%	–
ET	New	ENERGY TRANSFER EQUITY L Pput	$23,928,000	–	400,000	–	1.70%	–
F113PS	New	COVIDIEN PLC	$21,051,000	–	335,000	–	1.50%	–
LSE	New	CAPLEASE INC	$20,404,000	–	2,417,529	–	1.45%	–
F113PS	New	COVIDIEN PLCcall	$20,006,000	–	350,000	–	1.42%	–
WM	New	WASTE MGMT INC DELcall	$18,149,000	–	450,000	–	1.29%	–
IRM	New	IRON MTN INCcall	$18,095,000	–	680,000	–	1.29%	–
NRZ	New	NEW RESIDENTIAL INVT CORP	$15,671,000	–	2,325,000	–	1.12%	–
THI	New	TIM HORTONS INC	$14,074,000	–	260,000	–	1.00%	–
MYGN	New	MYRIAD GENETICS INC	$13,569,000	–	505,000	–	0.97%	–
LO	New	LORILLARD INCput	$13,104,000	–	300,000	–	0.93%	–
MYL	New	MYLAN INCcall	$10,861,000	–	350,000	–	0.77%	–
HNR	New	HARVEST NATURAL RESOURCES IN	$10,372,000	–	3,345,921	–	0.74%	–
SIGA	New	SIGA TECHNOLOGIES INC	$10,085,000	–	3,551,219	–	0.72%	–
OIS	New	OIL STS INTL INC	$9,214,000	–	99,463	–	0.66%	–
WCRX	New	WARNER CHILCOTT PLC IRELANDcall	$6,793,000	–	341,200	–	0.48%	–
CFN	New	CAREFUSION CORP	$6,449,000	–	175,000	–	0.46%	–
CHMT	New	CHEMTURA CORP	$5,684,000	–	280,000	–	0.40%	–
LPS	New	LENDER PROCESSING SVCS INCcall	$4,859,000	–	150,200	–	0.35%	–
IRM	New	IRON MTN INCput	$4,524,000	–	170,000	–	0.32%	–
IRM	New	IRON MTN INC	$4,524,000	–	170,000	–	0.32%	–
PRKR	New	PARKERVISION INC	$3,640,000	–	800,000	–	0.26%	–
LCC	New	U S AIRWAYS GROUP INCcall	$1,642,000	–	100,000	–	0.12%	–
MYL	New	MYLAN INC	$1,552,000	–	50,000	–	0.11%	–
ET	New	ENERGY TRANSFER EQUITY L P	$1,400,000	–	23,400	–	0.10%	–
MSPD	New	MINDSPEED TECHNOLOGIES INC	$1,394,000	–	430,188	–	0.10%	–
RSG	New	REPUBLIC SVCS INCput	$1,134,000	–	33,400	–	0.08%	–
ROICW	New	RETAIL OPPORTUNITY INVTS COR*w exp 10/23/201	$1,123,000	–	558,585	–	0.08%	–
SBY	New	SILVER BAY RLTY TR CORP	$498,000	–	30,101	–	0.04%	–

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