0001288136-12-000029.txt : 20120210 0001288136-12-000029.hdr.sgml : 20120210 20120210165129 ACCESSION NUMBER: 0001288136-12-000029 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120210 DATE AS OF CHANGE: 20120210 EFFECTIVENESS DATE: 20120210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pine River Capital Management L.P. CENTRAL INDEX KEY: 0001288136 IRS NUMBER: 710868907 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10902 FILM NUMBER: 12593678 BUSINESS ADDRESS: STREET 1: 601 CARLSON PARKWAY STREET 2: SUITE 330 CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 6122383300 MAIL ADDRESS: STREET 1: 601 CARLSON PARKWAY STREET 2: SUITE 330 CITY: MINNETONKA STATE: MN ZIP: 55305 FORMER COMPANY: FORMER CONFORMED NAME: Pine River Capital Management, L.P. DATE OF NAME CHANGE: 20040512 FORMER COMPANY: FORMER CONFORMED NAME: NISSWA MASTER FUND LTD DATE OF NAME CHANGE: 20040422 13F-HR 1 sec123111.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 Check here if Amendment [ ]: Amendment Number: -------------- This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Pine River Capital Management L.P. Address: 601 Carlson Parkway, Suite 330 Minnetonka, MN 55305 Form 13F File Number: 028-10902 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Pine River Capital Management LLC By: Brian Taylor Title: Sole Member Signature, Place and Date of Signing: /s/ Brian Taylor 601 Carlson Parkway Suite 330 Date: February 10, 2012 ------------------- Minnetonka, MN 55305 Report Type (Check only one): [x] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 263 Form 13F Information Table Value Total: 1,390,591 (thousands) List of Other Included Managers: None Form 13F INFORMATION TABLE
------------------------------------------------------------------------------------------------------- Name of Class Value Shrs or SH/ Put/ Investment Other Voting authority Issuer Title CUSIP (x$1000) prn amt PRN Call discretion managers Sole Shared None ------------------------------------------------------------------------------------------------------- A H BELO CORP COM CL A COM 001282102 242 57733 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- ABBOTT LABS COM 002824900 793 15500 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ABBOTT LABS COM 002824950 793 15500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- ALLIANCE ONE INTL INC COM 018772103 1259 515930 SH SOLE none Sole COM ------------------------------------------------------------------------------------------------------- ALLSTATE CORP COM COM 020002101 3482 147000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- AMAZON COM INC COM 023135906 778 3600 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- AMAZON COM INC COM 023135956 778 3600 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- AMERICAN EXPRESS CO COM 025816909 453 10100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------ AMERICAN EXPRESS CO COM 025816959 453 10100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- AMGEN INC COM 031162900 500 9100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- AMGEN INC COM 031162950 500 9100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- ANNALY CAP MGMT INC REIT 035710909 12171 731900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- APOLLO SR FLOATING FUND 037636107 5726 363341 SH SOLE none Sole RATE FD I COM ------------------------------------------------------------------------------------------------------- APPLE INC COM COM 037833100 18517 48560 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- APPLE INC COM 037833900 3508 9200 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- APPLE INC COM 037833950 41640 109200 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- ARMOUR RESIDENTIAL REIT WRT 042315119 101 5036672 SH SOLE none Sole INC *W EXP 11/07/201 ------------------------------------------------------------------------------------------------------- BP PLC SPONSORED ADR ADR 055622104 3030 84000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BPZ RESOURCES INC COM COM 055639108 1529 551907 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BAKER HUGHES INC COM COM 057224107 458 9917 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BANK OF AMERICA COM 060505904 2142 350000 SH CALL SOLE none Sole CORPORATION ------------------------------------------------------------------------------------------------------- BARNES & NOBLE INC COM 067774909 551 46600 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- BERKSHIRE HATHAWAY COM 084670902 1215 17100 SH CALL SOLE none Sole INC DEL ------------------------------------------------------------------------------------------------------- BERKSHIRE HATHAWAY COM 084670952 1215 17100 SH PUT SOLE none Sole INC DEL ------------------------------------------------------------------------------------------------------- BIONOVO INC COM NEW COM 090643206 100 158558 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BLACKBOARD INC COM COM 091935502 5988 134088 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BOEING CO COM 097023905 436 7200 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- BOEING CO COM 097023955 436 7200 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- BRISTOL MYERS SQUIBB CO COM 110122908 543 17300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- BRISTOL MYERS SQUIBB CO COM 110122958 543 17300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CF INDS HLDGS INC COM COM 125269100 239 1934 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CVS CAREMARK CORPORATION COM 126650900 447 13300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- CVS CAREMARK CORPORATION COM 126650950 447 13300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CATERPILLAR INC DEL COM 149123901 465 6300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- CATERPILLAR INC DEL COM 149123951 465 6300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CEMEX SAB DE CV SPON ADR 151290889 2020 639287 SH SOLE none Sole ADR NEW ------------------------------------------------------------------------------------------------------- CHEVRON CORP NEW COM 166764900 1796 19400 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- CHEVRON CORP NEW COM 166764950 1796 19400 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CIENA CORP COM NEW COM 171779309 734 65500 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CLOROX CO DEL COM 189054909 2660 40100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- COCA COLA CO COM 191216900 1507 22300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- COCA COLA CO COM 191216950 1507 22300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- COMMUNITY BANKERS TR COM 203612106 315 262900 SH SOLE none Sole CORP COM ------------------------------------------------------------------------------------------------------- CRAWFORD & CO CL B COM 224633107 384 71551 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CRAWFORD & CO CL A COM 224633206 1517 402297 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CREXUS INVT CORP COM REIT 226553105 549 61797 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CUBIST PHARMACEUTICALS COM 229678107 7445 210800 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- DISNEY WALT CO COM 254687906 540 17900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- DISNEY WALT CO COM 254687956 540 17900 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- DOLLAR GEN CORP NEW COM 256677905 3776 100000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- E M C CORP MASS COM 268648902 422 20100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- E M C CORP MASS COM 268648952 422 20100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- EASTMAN KODAK CO COM 277461959 510 653900 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- EATON VANCE FLTING RATE FUND 278279104 3229 229154 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- ECOLAB INC COM 278865900 1750 35800 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ESSEX RENT CORP COM COM 297187106 117 47590 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- EXPRESS SCRIPTS INC COM 302182900 2595 70000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- 57TH STR GEN ACQUISITION WRT 316816123 33 95609 SH SOLE none Sole COR *W EXP 08/19/201 ------------------------------------------------------------------------------------------------------- GAYLORD ENTMT CO NEW COM COM 367905106 2203 113900 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- GENERAL ELECTRIC CO COM 369604903 1560 102500 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- GENERAL ELECTRIC CO COM 369604953 1560 102500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- GOLDEN MINERALS CO COM COM 381119106 413 55850 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- GRIFFON CORP COM COM 398433102 713 87200 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- HALLIBURTON CO COM COM 406216101 427 14000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- HARTFORD FINL SVCS GROUP WRT 416515120 1860 193332 SH SOLE none Sole INC *W EXP 06/26/201 ------------------------------------------------------------------------------------------------------- HAWAIIAN TELCOM HOLDCO COM 420031106 3738 268150 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- HEARTWARE INTL INC COM COM 422368100 2222 34500 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- HECKMANN CORP *W WRT 422680116 48 476897 SH SOLE none Sole EXP 11/09/201 ------------------------------------------------------------------------------------------------------- HEWLETT PACKARD CO COM 428236903 11670 519800 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- HEWLETT PACKARD CO COM 428236953 445 19800 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- HOME DEPOT INC COM 437076902 503 15300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- HOME DEPOT INC COM 437076952 503 15300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- HORNBECK OFFSHORE COM 440543106 516 20699 SH SOLE none Sole SVCS INC N COM ------------------------------------------------------------------------------------------------------- ICONIX BRAND GROUP COM 451055107 1157 73200 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- INTEL CORP COM 458140900 1101 51600 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- INTEL CORP COM 458140950 1101 51600 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- INTERNATIONAL COM 459200901 2046 11700 SH CALL SOLE none Sole BUSINESS MACHS ------------------------------------------------------------------------------------------------------- INTERNATIONAL COM 459200951 2046 11700 SH PUT SOLE none Sole BUSINESS MACHS ------------------------------------------------------------------------------------------------------- ISHARES TR FTSE ETP 464287184 3083 100000 SH SOLE none Sole CHINA25 IDX ------------------------------------------------------------------------------------------------------- ISHARES TR DJ US ETP 464287739 540 10677 SH SOLE none Sole REAL EST ------------------------------------------------------------------------------------------------------- ISHARES TR ETP 464287904 9249 300000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ISHARES TR ETP 464287954 5472 150000 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- JACK IN THE BOX COM 466367109 258 12974 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- JAMES RIVER COAL COM 470355207 865 135817 SH SOLE none Sole CO COM NEW ------------------------------------------------------------------------------------------------------- JOHNSON & JOHNSON COM 478160904 1707 26800 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- JOHNSON & JOHNSON COM 478160954 1707 26800 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- JOURNAL COMMUNICATIONS COM 481130102 210 70571 SH SOLE none Sole INC CL A ------------------------------------------------------------------------------------------------------- LENNAR CORP CL A COM 526057104 645 47619 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- MGM RESORTS INTERNATIONAL COM 552953101 7591 817100 SH SOLE none Sole COM ------------------------------------------------------------------------------------------------------- MCDONALDS CORP COM 580135901 887 10100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- MCDONALDS CORP COM 580135951 887 10100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- MICROSOFT CORP COM 594918904 1802 72400 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- MICROSOFT CORP COM 594918954 1802 72400 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- MORGAN STANLEY EASTN EUR FD COM FUND 616988101 567 41936 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- MOTOROLA MOBILITY COM 620097105 17273 457194 SH SOLE none Sole HLDGS INC COM ------------------------------------------------------------------------------------------------------- MOTOROLA MOBILITY COM 620097905 9872 261300 SH CALL SOLE none Sole HLDGS INC ------------------------------------------------------------------------------------------------------- MOTOROLA MOBILITY COM 620097955 15845 419400 SH PUT SOLE none Sole HLDGS INC ------------------------------------------------------------------------------------------------------- NEOSTEM INC WRT 640650115 6 131250 SH SOLE none Sole *W EXP 07/16/201 ------------------------------------------------------------------------------------------------------- NORTHERN TR CORP COM COM 665859104 2549 72879 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- NORTHERN TR CORP COM 665859904 3498 100000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- OCCIDENTAL PETE CORP DEL COM 674599905 572 8000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- OCCIDENTAL PETE CORP DEL COM 674599955 572 8000 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- OCWEN FINL CORP COM 675746959 1717 130000 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- OLD REP INTL CORP COM COM 680223104 1507 168900 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- OWENS CORNING NEW WRT 690742127 182 141371 SH SOLE none Sole *W EXP 10/31/201 ------------------------------------------------------------------------------------------------------- OXFORD LANE CAP CORP COM COM 691543102 558 40899 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- PENSON WORLDWIDE INC COM COM 709600100 40 27600 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- PEPSICO INC COM 713448908 959 15500 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- PEPSICO INC COM 713448958 959 15500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- PFIZER INC COM 717081903 1642 92900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- PFIZER INC COM 717081953 1335 75500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- PHILIP MORRIS INTL INC COM 718172909 1067 17100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- PHILIP MORRIS INTL INC COM 718172959 1067 17100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- PROCTER & GAMBLE CO COM 742718909 1712 27100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- PROCTER & GAMBLE CO COM 742718959 1712 27100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- QUALCOMM INC COM 747525903 802 16500 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- QUALCOMM INC COM 747525953 802 16500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- ROWAN COS INC COM 779382900 906 30000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- RUTHS HOSPITALITY GROUP INC COM COM 783332109 170 39577 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- SEI INVESTMENTS CO COM COM 784117103 944 61367 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- SCHLUMBERGER LTD COM COM 806857108 751 12579 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- SCHLUMBERGER LTD COM 806857908 776 13000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- SCHLUMBERGER LTD COM 806857958 776 13000 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- SOUTHERN UN CO NEW COM COM 844030106 14207 350187 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- SOUTHERN UN CO NEW COM 844030906 12171 300000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- SOUTHERN UN CO NEW COM 844030956 702 17300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- SOUTHWEST AIRLS CO COM COM 844741108 762 94791 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- SUPERIOR ENERGY COM 868157108 457 17400 SH SOLE none Sole SVCS INC COM ------------------------------------------------------------------------------------------------------- SWIFT ENERGY CO COM COM 870738101 332 13650 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- THQ INC COM NEW COM 872443403 122 70537 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- TEMPLE INLAND INC COM 879868907 1569 50000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- TERADYNE INC COM COM 880770102 308 28000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- US BANCORP DEL COM 902973904 438 18600 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- US BANCORP DEL COM 902973954 438 18600 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- UNITED PARCEL SERVICE INC COM 911312906 606 9600 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- UNITED PARCEL SERVICE INC COM 911312956 606 9600 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- UNITED TECHNOLOGIES CORP COM 913017909 626 8900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- UNITED TECHNOLOGIES CORP COM 913017959 626 8900 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- WAL MART STORES INC COM 931142903 887 17100 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- WAL MART STORES INC COM 931142953 887 17100 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- WELLS FARGO & CO NEW COM 949746901 1230 51000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- WELLS FARGO & CO NEW COM 949746951 1230 51000 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- WESCO AIRCRAFT HLDGS COM 950814103 1342 122792 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- WESTERN LIBERTY COM 961443108 547 206437 SH SOLE none Sole BANCORP COM ------------------------------------------------------------------------------------------------------- YAHOO INC COM 984332906 1976 150000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ZWEIG TOTAL RETURN FUND 989837109 930 306785 SH SOLE none Sole FD INC COM ------------------------------------------------------------------------------------------------------- UNIVERSAL AMERN COM 91338E101 503 50000 SH SOLE none Sole CORP NEW COM ------------------------------------------------------------------------------------------------------- ADVANCED ANALOGIC COM 00752J108 1517 350300 SH SOLE none Sole TECHNOLOGI COM ------------------------------------------------------------------------------------------------------- ADVANCED MICRO DEVICES DEBT 007903AN7 12395 12250000PRN SOLE none Sole INC NOTE 5.750% 8/1 ------------------------------------------------------------------------------------------------------- ALERE INC COM COM 01449J105 3085 157021 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- ALPINE GLOBAL FUND 02083A103 850 159199 SH SOLE none Sole PREMIER PPTYS COM SBI ------------------------------------------------------------------------------------------------------- ALTRA HOLDINGS INC COM COM 02208R106 570 49300 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S903 542 20200 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ALTRIA GROUP INC COM 02209S953 542 20200 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- AMERICAN CAPITAL REIT 02503X105 2439 90000 SH SOLE none Sole AGENCY CORP COM ------------------------------------------------------------------------------------------------------- AMERICAN CAP LTD COM COM 02503Y103 34577 5069939 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- AMERICAN CAP MTG COM 02504A104 15938 954350 SH SOLE none Sole INVT CORP COM ------------------------------------------------------------------------------------------------------- ANNALY CAP MGMT DEBT 035710AA0 51336 45000000PRN SOLE none Sole INC NOTE 4.000% 2/1 ------------------------------------------------------------------------------------------------------- APOLLO RESIDENTIAL COM 03763V102 7149 435909 SH SOLE none Sole MTG INC COM ------------------------------------------------------------------------------------------------------- BEAZER HOMES USA PREF 07556Q501 1106 111400 SH SOLE none Sole INC UNIT 99/99/9999 ------------------------------------------------------------------------------------------------------- BLACKROCK INCOME FUND 09247F100 10791 1496703 SH SOLE none Sole TR INC COM ------------------------------------------------------------------------------------------------------- BLACKROCK FLOAT FUND 09255X100 690 54199 SH SOLE none Sole RATE OME STR COM ------------------------------------------------------------------------------------------------------- BLACKROCK FL RATE FUND 09255Y108 761 65445 SH SOLE none Sole OME STRA I COM SHS ------------------------------------------------------------------------------------------------------- BLACKSTONE GSO FUND 09256U105 3416 193347 SH SOLE none Sole FLTING RTE FU COM ------------------------------------------------------------------------------------------------------- BON-TON STORES INC COM COM 09776J101 465 93580 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- BROADWIND ENERGY COM 11161T108 160 500000 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- BROOKFIELD RESIDENTIAL COM 11283W104 1064 159983 SH SOLE none Sole PPTYS COM ------------------------------------------------------------------------------------------------------- CMS ENERGY CORP DEBT 125896AW0 13270 8500000 PRN SOLE none Sole NOTE 2.875%12/0 ------------------------------------------------------------------------------------------------------- CMS ENERGY CORP DEBT 125896BD1 24380 16685000 PRN SOLE none Sole NOTE 5.500% 6/1 ------------------------------------------------------------------------------------------------------- CYS INVTS INC COM REIT 12673A108 376 31139 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CAPITAL ONE FINL CORP COM 14040H105 2521 63605 SH SOLE none Sole COM ------------------------------------------------------------------------------------------------------- CHIMERA INVT CORP COM REIT 16934Q109 2271 820000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- CHINA MED TECHNOLOGIES DEBT 169483AE4 1094 2000000 PRN SOLE none Sole INC NOTE 6.250%12/1 ------------------------------------------------------------------------------------------------------- CISCO SYS INC COM 17275R902 832 53700 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- CISCO SYS INC COM 17275R952 832 53700 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- COMCAST CORP NEW COM 20030N901 560 26900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- COMCAST CORP NEW COM 20030N951 560 26900 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CONOCOPHILLIPS COM 20825C904 848 13400 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- CONOCOPHILLIPS COM 20825C954 848 13400 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- CORELOGIC INC COM COM 21871D103 1254 117500 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- DENALI FD INC COM FUND 24823A102 354 26099 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- DOLAN CO COM COM 25659P402 20299 2257955 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- DOMINION RES INC VA DEBT 25746UAT6 36563 25000000 PRN SOLE none Sole NEW NOTE 2.125% 12/1 ------------------------------------------------------------------------------------------------------- DYNEX CAP INC COM NEW REIT 26817Q506 2493 309300 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- E M C CORP MASS DEBT 268648AK8 6545 5000000 PRN SOLE none Sole NOTE 1.750%12/0 ------------------------------------------------------------------------------------------------------- EOG RES INC COM COM 26875P101 696 9800 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- EASTMAN KODAK CO DEBT 277461BJ7 1300 5000000 PRN SOLE none Sole NOTE 7.000% 4/0 ------------------------------------------------------------------------------------------------------- EATON VANCE SR FUND 27826S103 2396 379678 SH SOLE none Sole INCOME TR SH BEN INT ------------------------------------------------------------------------------------------------------- EATON VANCE SR FUND 27828Q105 3204 225445 SH SOLE none Sole FLTNG RTE TR COM ------------------------------------------------------------------------------------------------------- EINSTEIN NOAH REST COM 28257U104 590 45978 SH SOLE none Sole GROUP INC COM ------------------------------------------------------------------------------------------------------- EMDEON INC COM 29084T904 4085 217400 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- ENTEROMEDICS INC COM NEW COM 29365M208 456 266414 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- EXTERRAN HLDGS INC COM COM 30225X103 663 68200 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- EXXON MOBIL CORP COM 30231G902 3435 47300 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- EXXON MOBIL CORP COM 30231G952 3435 47300 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- FIDELITY NATIONAL COM 31620R105 1158 76314 SH SOLE none Sole FINANCIAL CL A ------------------------------------------------------------------------------------------------------- FIRST AMERN FINL COM 31847R102 934 72936 SH SOLE none Sole CORP COM ------------------------------------------------------------------------------------------------------- FIRST TR SR FLG FUND 33733U108 515 38358 SH SOLE none Sole RTE INCM FD COM ------------------------------------------------------------------------------------------------------- FREEPORT-MCMORAN COM 35671D907 609 20000 SH CALL SOLE none Sole COPPER & GO ------------------------------------------------------------------------------------------------------- GSV CAP CORP COM COM 36191J101 590 43544 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- GAMESTOP CORP NEW CL A COM 36467W109 970 42000 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- GENERAL MTRS CO WRT 37045V126 13252 1671083 SH SOLE none Sole *W EXP 07/10/201 ------------------------------------------------------------------------------------------------------- GENWORTH FINL INC COM 37247D906 344 60000 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- GLOBAL POWER EQUIPMENT COM 37941P306 445 19128 SH SOLE none Sole GRP I COM PAR $0.01 ------------------------------------------------------------------------------------------------------- GLOBAL EAGLE ACQUISITION COM 37951D102 6745 710000 SH SOLE none Sole COR COM ------------------------------------------------------------------------------------------------------- GLOBAL EAGLE ACQUISITION WRT 37951D110 422 702500 SH SOLE none Sole COR *W EXP 05/13/201 ------------------------------------------------------------------------------------------------------- GMX RES INC COM COM 38011M108 373 164423 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC COM 38141G904 463 4900 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- GOLDMAN SACHS GROUP INC COM 38141G954 463 4900 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- GOOGLE INC COM 38259P908 1288 2500 SH CALL SOLE none Sole ------------------------------------------------------------------------------------------------------- GOOGLE INC COM 38259P958 1288 2500 SH PUT SOLE none Sole ------------------------------------------------------------------------------------------------------- HATTERAS FINL CORP COM REIT 41902R103 2739 108847 SH SOLE none Sole ------------------------------------------------------------------------------------------------------- HERTZ GLOBAL HOLDINGS COM 42805T905 445 50000 SH CALL SOLE none Sole INC ------------------------------------------------------------------------------------------------------- HUMAN GENOME SCIENCES DEBT 444903AK4 2976 3000000 PRN SOLE none Sole INC NOTE 2.250% 10/1 ------------------------------------------------------------------------------------------------------- ING PRIME RATE TR FUND 44977W106 3562 695617 SH SOLE none Sole SH BEN INT ------------------------------------------------------------------------------------------------------- INFUSYSTEM HLDGS COM 45685K102 88 92758 SH SOLE none Sole INC COM ------------------------------------------------------------------------------------------------------- INVESCO MORTGAGE REIT 46131B100 4527 320369 SH SOLE none Sole CAPITAL INC COM ------------------------------------------------------------------------------------------------------- INVESCO VAN KAMPEN FUND 46131H107 1641 388900 SH SOLE none Sole SR INC TR COM ------------------------------------------------------------------------------------------------------- INVESCO VAN KAMP FUND 46132R104 1902 178592 SH SOLE none Sole DYN CRDT OP COM ------------------------------------------------------------------------------------------------------- ISHARES SILVER ETP 46428Q109 337 11663 SH SOLE none Sole TRUST ISHARES -------------------------------------------------------------------------------------------------------- JPMORGAN CHASE & CO COM 46625H900 1117 37100 SH CALL SOLE none Sole -------------------------------------------------------------------------------------------------------- JPMORGAN CHASE & CO COM 46625H950 1117 37100 SH PUT SOLE none Sole -------------------------------------------------------------------------------------------------------- K V PHARMACEUTICAL DEBT 482740AC1 230 1000000 PRN SOLE none Sole CO NOTE 2.500% 5/1 -------------------------------------------------------------------------------------------------------- KB HOME COM 48666K959 762 130000 SH PUT SOLE none Sole -------------------------------------------------------------------------------------------------------- KINETIC CONCEPTS INC COM 49460W208 3295 50000 SH SOLE none Sole COM NEW -------------------------------------------------------------------------------------------------------- KRAFT FOODS INC COM 50075N904 581 17300 SH CALL SOLE none Sole -------------------------------------------------------------------------------------------------------- KRAFT FOODS INC COM 50075N954 581 17300 SH PUT SOLE none Sole -------------------------------------------------------------------------------------------------------- LMP CORPORATE LN FUND 50208B100 3109 290852 SH SOLE none Sole FD INC COM -------------------------------------------------------------------------------------------------------- LIBERTY MEDIA CORP DEBT 530715AN1 23754 44000000PRN SOLE none Sole DEB 3.500% 1/1 -------------------------------------------------------------------------------------------------------- MFA FINANCIAL INC COM REIT 55272X102 7840 1116846 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- MF GLOBAL LTD NOTE DEBT 55276YAB2 6152 5787000 PRN SOLE none Sole 9.000% 6/2 -------------------------------------------------------------------------------------------------------- MF GLOBAL HLDGS LTD COM COM 55277J108 2078 503222 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- M/I HOMES INC COM COM 55305B101 306 50990 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- MCG CAPITAL CORP COM COM 58047P107 219 55400 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- MEDCATH CORP COM COM 58404W109 600 43250 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- MEDCO HEALTH SOLUTIONS COM 58405U102 15055 321061 SH SOLE none Sole INC COM -------------------------------------------------------------------------------------------------------- MEDICIS PHARMACEUTICAL DEBT 58470KAA2 13546 10400000PRN SOLE none Sole CORP NOTE 2.500% 6/0 -------------------------------------------------------------------------------------------------------- MEDLEY CAP CORP COM COM 58503F106 294 29158 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- MERCK & CO INC NEW COM 58933Y905 981 30000 SH CALL SOLE none Sole -------------------------------------------------------------------------------------------------------- MERCK & CO INC NEW COM 58933Y955 981 30000 SH PUT SOLE none Sole -------------------------------------------------------------------------------------------------------- MICRON TECHNOLOGY INC DEBT 595112AJ2 26224 21000000PRN SOLE none Sole NOTE 4.250%10/1 -------------------------------------------------------------------------------------------------------- MOLSON COORS BREWING CO COM 60871R909 7922 200000 SH CALL SOLE none Sole -------------------------------------------------------------------------------------------------------- NEWCASTLE INVT CORP REIT 65105M108 631 155000 SH SOLE none Sole COM -------------------------------------------------------------------------------------------------------- NUVEEN SR INCOME FUND 67067Y104 1395 207286 SH SOLE none Sole FD COM -------------------------------------------------------------------------------------------------------- NUVEEN FLOATING RATE FUND 67072T108 3862 381212 SH SOLE none Sole INCOME COM -------------------------------------------------------------------------------------------------------- NUVEEN SHT DUR FUND 67074X107 2460 143273 SH SOLE none Sole CR OPP FD COM -------------------------------------------------------------------------------------------------------- OCWEN FINL CORP DEBT 675746AD3 4181 3750000 PRN SOLE none Sole NOTE 3.250% 8/0 -------------------------------------------------------------------------------------------------------- OIL STS INTL INC DEBT 678026AB1 9780 6000000 PRN SOLE none Sole NOTE 2.375% 7/0 -------------------------------------------------------------------------------------------------------- OMNICARE INC DEBT 681904AN8 12229 11000000 PRN SOLE none Sole NOTE 3.750%12/1 -------------------------------------------------------------------------------------------------------- OMNICOM GROUP DEBT 681919AV8 2472 2500000 PRN SOLE none Sole INC NOTE 7/3 -------------------------------------------------------------------------------------------------------- ORACLE CORP COM COM 68389X105 6495 226000 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- ORACLE CORP COM 68389X905 1098 38200 SH CALL SOLE none Sole -------------------------------------------------------------------------------------------------------- ORACLE CORP COM 68389X955 1098 38200 SH PUT SOLE none Sole -------------------------------------------------------------------------------------------------------- PHH CORP NOTE DEBT 693320AH6 24778 25000000 PRN SOLE none Sole 4.000% 4/1 -------------------------------------------------------------------------------------------------------- PEABODY ENERGY CORP DEBT 704549AG9 2081 2000000 PRN SOLE none Sole SDCV 4.750%12/1 -------------------------------------------------------------------------------------------------------- PENNANTPARK FLOATING COM 70806A106 1446 137042 SH SOLE none Sole RATE CA COM -------------------------------------------------------------------------------------------------------- PENNYMAC MTG INVT REIT 70931T103 2524 158734 SH SOLE none Sole TR COM -------------------------------------------------------------------------------------------------------- PHARMERICA CORP COM COM 71714F104 750 52568 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- PIMCO INCOME STRATEGY FUND 72201J104 473 53941 SH SOLE none Sole FUND I COM -------------------------------------------------------------------------------------------------------- POWERSHARES ETF TRUST II ETP 73936Q769 2722 118354 SH SOLE none Sole SENIOR LN PORT -------------------------------------------------------------------------------------------------------- RAYONIER TRS HLDGS INC DEBT 75508AAB2 22238 20000000 PRN SOLE none Sole NOTE 3.750%10/1 -------------------------------------------------------------------------------------------------------- RED ROBIN GOURMET COM 75689M101 260 10808 SH SOLE none Sole BURGERS IN COM -------------------------------------------------------------------------------------------------------- RESOLUTE ENERGY CORP WRT 76116A116 1392 927953 SH SOLE none Sole *W EXP 09/25/201 -------------------------------------------------------------------------------------------------------- RETAIL OPPORTUNITY WRT 76131N119 3792 5576462 SH SOLE none Sole INVTS COR *W EXP 10/23/201 -------------------------------------------------------------------------------------------------------- ROYCE FOCUS TR COM FUND 78080N108 346 57342 SH SOLE none Sole -------------------------------------------------------------------------------------------------------- SPDR S&P 500 ETF ETP 78462F103 5658 50000 SH SOLE none Sole TR TR UNIT -------------------------------------------------------------------------------------------------------- SPDR S&P 500 ETF TR ETP 78462F903 45260 400000 SH CALL SOLE none Sole --------------------------------------------------------------------------------------------------------- SPDR S&P 500 ETF TR ETP 78462F953 35077 310000 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- SPDR GOLD TRUST GOLD ETP 78463V107 632 4000 SH SOLE none Sole SHS --------------------------------------------------------------------------------------------------------- SPDR GOLD TRUST ETP 78463V957 27661 175000 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- SAFEGUARD SCIENTIFICS DEBT 786449AH1 4306 3367000 PRN SOLE none Sole INC DBCV 10.125% 3/1 --------------------------------------------------------------------------------------------------------- SAKS INC COM COM 79377W108 6004 686200 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- SALESFORCE COM INC DEBT 79466LAB0 7363 5000000 PRN SOLE none Sole NOTE 0.750% 1/1 --------------------------------------------------------------------------------------------------------- SANDISK CORP COM COM 80004C101 6933 171800 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- SANDISK CORP COM 80004C951 666 16500 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- TAM SA SP ADR REP PFD ADR 87484D103 12096 776411 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- TELE- COMMUNICATION COM 87929J103 166 48000 SH SOLE none Sole SYS INC CL A --------------------------------------------------------------------------------------------------------- 3M CO COM 88579Y901 495 6900 SH CALL SOLE none Sole --------------------------------------------------------------------------------------------------------- 3M CO COM 88579Y951 495 6900 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- UNITEDHEALTH GROUP INC COM 91324P902 493 10700 SH CALL SOLE none Sole --------------------------------------------------------------------------------------------------------- UNITEDHEALTH GROUP INC COM 91324P952 493 10700 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- VERIZON COMMUNICATIONS COM 92343V904 1089 29600 SH CALL SOLE none Sole INC --------------------------------------------------------------------------------------------------------- VERIZON COMMUNICATIONS COM 92343V954 1089 29600 SH PUT SOLE none Sole INC --------------------------------------------------------------------------------------------------------- WALTER INVT MGMT CORP COM 93317W102 20144 878486 SH SOLE none Sole COM --------------------------------------------------------------------------------------------------------- WEBMD HEALTH CORP COM COM 94770V102 817 27100 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- WINTRUST FINANCIAL CORP COM 97650W108 5543 214769 SH SOLE none Sole COM --------------------------------------------------------------------------------------------------------- ASSURED GUARANTY LTD COM G0585R956 1099 100000 SH PUT SOLE none Sole --------------------------------------------------------------------------------------------------------- AUSTRALIA ACQUISITION COM G06368107 2019 206400 SH SOLE none Sole CORP SHS --------------------------------------------------------------------------------------------------------- AUSTRALIA ACQUISITION WRT G06368115 66 227200 SH SOLE none Sole CORP *W EXP 99/99/999 --------------------------------------------------------------------------------------------------------- BLUE WOLF MONGOLIA COM G11962100 5570 581400 SH SOLE none Sole HOLDINGS SHS --------------------------------------------------------------------------------------------------------- BLUE WOLF MONGOLIA WRT G11962118 465 581400 SH SOLE none Sole HOLDINGS *W EXP 07/20/201 --------------------------------------------------------------------------------------------------------- CAZADOR ACQUISITION COM G19867103 2846 293665 SH SOLE none Sole CORPORAT SHS --------------------------------------------------------------------------------------------------------- CAZADOR ACQUISITION WRT G19867129 47 157100 SH SOLE none Sole CORPORAT *W EXP 99/99/999 --------------------------------------------------------------------------------------------------------- CHINA HYDROELECTRIC WRT G2112E145 78 649292 SH SOLE none Sole CORPORAT *W EXP 01/25/201 --------------------------------------------------------------------------------------------------------- EVEREST RE GROUP LTD COM COM G3223R108 1588 20000 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- MARVELL TECHNOLOGY COM G5876H105 330 22715 SH SOLE none Sole GROUP LTD ORD --------------------------------------------------------------------------------------------------------- MARVELL TECHNOLOGY COM G5876H905 2903 200000 SH CALL SOLE none Sole GROUP LTD --------------------------------------------------------------------------------------------------------- MARVELL TECHNOLOGY COM G5876H955 2903 200000 SH PUT SOLE none Sole GROUP LTD --------------------------------------------------------------------------------------------------------- PLATINUM UNDERWRITER COM G7127P100 3397 110483 SH SOLE none Sole HLDGS L COM --------------------------------------------------------------------------------------------------------- PRIME ACQUISITION CORP COM G72436101 1857 194400 SH SOLE none Sole SHS --------------------------------------------------------------------------------------------------------- PRIME ACQUISITION CORP WRT G72436127 83 180000 SH SOLE none Sole *W EXP 99/99/999 --------------------------------------------------------------------------------------------------------- BOX SHIPS INCORPORATED COM Y09675102 116 14630 SH SOLE none Sole SHS --------------------------------------------------------------------------------------------------------- DRYSHIPS INC SHS COM Y2109Q101 3073 1313300 SH SOLE none Sole --------------------------------------------------------------------------------------------------------- GENCO SHIPPING & TRADING COM Y2685T107 2205 282357 SH SOLE none Sole LTD SHS --------------------------------------------------------------------------------------------------------- NAUTILUS MARINE ACQUISIT COM Y6255E101 5679 594000 SH SOLE none Sole COR SHS --------------------------------------------------------------------------------------------------------- NAUTILUS MARINE ACQUISIT WRT Y6255E119 239 597400 SH SOLE none Sole COR *W EXP 06/17/201 --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 1390591 263 ---------------------------------------------------------------------------------------------------------