0000897423-12-000054.txt : 20120810 0000897423-12-000054.hdr.sgml : 20120810 20120810141659 ACCESSION NUMBER: 0000897423-12-000054 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120810 DATE AS OF CHANGE: 20120810 EFFECTIVENESS DATE: 20120810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BBT Capital Management, LLC CENTRAL INDEX KEY: 0001544341 IRS NUMBER: 412028120 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14954 FILM NUMBER: 121024065 BUSINESS ADDRESS: STREET 1: 201 MAIN STREET, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-390-8400 MAIL ADDRESS: STREET 1: 201 MAIN STREET, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 13F-HR 1 bbtcmllc13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Quarter Ended: June 30, 2012 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: BBT Capital Management, LLC Address: 201 Main Street, Suite 3200 Fort Worth, Texas 76102 Form 13F File Number: 28-14954 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 Report Manager: Name: William O. Reimann Title: Vice President Phone: 817/390-8400 Signature, Place, and Date of Signing: /s/ William O. Reimann Fort Worth, Texas August 10, 2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 4 Form 13F Information Table Entry Total: 186 Form 13F Information Table Value Total: $1,334,834 (thousands) List of Other Included Managers:
No. Form 13F File Number Name 1 28-5275 BBT Fund, L.P. 2 28-10369 BBT Master Fund, L.P. 3 28-12147 SRI Fund, L.P. 4 28-12712 BBT Capital Management, Inc.
FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMNT OTHR VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CLL DISCRETN MGRS SOLE SHRD NONE AOL INC COM 00184X105 5616 200000 SH Defined 1,2 200000 AT&T INC COM 00206R102 1426 40000 SH Defined 1,2,3 40000 AT&T INC COM 00206R102 10520 295000 SH CALL Defined 1,2 ABERCROMBIE & FITCH CO COM 002896207 683 20000 SH CALL Defined 1 ACHILLION PHARMACEUTICALS IN COM 00448Q201 1026 165513 SH Defined 1,2 165513 ACORDA THERAPEUTICS INC COM 00484M106 3008 127677 SH Defined 1,2 127677 ACTIVISION BLIZZARD INC COM 00507V109 2638 220000 SH Defined 1,2,3 220000 ALERE INC COM 01449J105 2333 120000 SH Defined 1,2 120000 ALLIED NEVADA GOLD CORP COM 019344100 1226 43201 SH Defined 1,2 43201 AMARIN CORP PLC SPONS ADR 023111206 8676 600000 SH Defined 1,2 600000 AMERICAN AXLE & MFG HLDGS IN COM 024061103 1806 172149 SH Defined 1,2 172149 ANADARKO PETE CORP COM 032511107 12578 190000 SH Defined 1,2 190000 ARMSTRONG WORLD INDS INC NEW COM 04247X102 13733 279346 SH Defined 1,2,3 279346 ASTRAZENECA PLC SPONSORED 046353108 6265 140000 SH Defined 1,2 140000 ATLAS AIR WORLDWIDE HLDGS COM NEW 049164205 1523 35000 SH Defined 1,2,3 35000 AURICO GOLD INC COM 05155C105 1562 195000 SH Defined 1,2 195000 AVANIR PHARMACEUTICALSCLNA NEW 05348P401 5096 1300000 SH Defined 1,2 1300000 BANK OF AMERICA CORPORATION COM 060505104 703 85951 SH Defined 1,2,3 85951 BARRICK GOLD CORP COM 067901108 210 5600 SH Defined 1 5600 BARRETT BILL CORP COM 06846N104 7247 338335 SH Defined 1,2 338335 BARRETT BILL CORP NOTE 5.00 06846NAA2 1867 2000000 PRN Defined 1,2,3 BIODELIVERY SCIENCES INTL IN COM 09060J106 5498 1227271 SH Defined 1,2 1227271 BLACK HILLS CORP COM 092113109 4665 145000 SH Defined 1,2 145000 BON-TON STORES INC COM 09776J101 184 23553 SH Defined 1,2,3 23553 BOYD GAMING CORP COM 103304101 2880 400000 SH Defined 1,2 400000 CBS CORP NEW COM 124857202 656 20000 SH PUT Defined 1,2 CABOT OIL & GAS CORP COM 127097103 25725 652922 SH Defined 1,2 652922 CANADIAN NATL RY CO COM 136375102 8438 100000 SH Defined 1,2 100000 CANADIAN NAT RES LTD COM 136385101 3222 120000 SH Defined 1,2 120000 CELGENE CORP RIGHT 12/3 151020112 252 140147 SH Defined 1,2 140147 CELLDEX THERAPEUTICS INC NEWCOM 15117B103 2588 500000 SH Defined 1,2 500000 CENTERPOINT ENERGY INC COM 15189T107 15819 765312 SH Defined 1,2 765312 CENTURYLINK INC COM 156700106 1992 50435 SH Defined 1,2,3 50435 CHESAPEAKE ENERGY CORP COM 165167107 14687 789600 SH PUT Defined 1,2 CHINA DIGITAL TV HLDG CO LTD SPONSORED 16938G107 294 100000 SH Defined 1,2,3 100000 CHIQUITA BRANDS INTL INC NOTE 4.25 170032AT3 7280 10000000 PRN Defined 1,2,3 CISCO SYS INC COM 17275R102 3305 192464 SH Sole 192464 CLEARWIRE CORP NEW CL A 18538Q105 1456 1300000 SH Defined 1,2 1300000 COMCAST CORP NEW COM 20030N200 1570 50000 SH CALL Defined 1,2 CORNERSTONE THERAPEUTICS INC COM 21924P103 1671 264000 SH Defined 1,2 264000 CRAWFORD & CO CL A 224633206 111 28820 SH Sole 28820 CROWN CASTLE INTL CORP COM 228227104 1519 25900 SH Defined 1,2 25900 CUMMINS INC COM 231021106 3431 35400 SH Defined 1,2,3 35400 D R HORTON INC NOTE 2.00 23331ABB4 40106 26850000 PRN Defined 1,2 DELTA AIR LINES INC DEL COM NEW 247361702 3508 320410 SH Defined 1,2,3 320410 DICE HLDGS INC COM 253017107 1827 194552 SH Defined 1,2 194552 DICE HLDGS INC COM 253017107 334 35600 SH PUT Defined 1,2 DIGITAL RLTY TR INC COM 253868103 751 10000 SH CALL Defined 1,2 DISCOVERY COMMUNICATNS NEW COM 25470F104 3240 60000 SH CALL Defined 1,2 DIRECTV COM 25490A101 2441 50000 SH CALL Defined 1,2 DIRECTV COM CL A 25490A101 430 8802 SH Defined 1,2,3 8802 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 14738 182036 SH Defined 1,2 182036 DUKE ENERGY CORP NEW COM 26441C105 11518 499484 SH Defined 1,2 499484 DYNAVAX TECHNOLOGIES CORP COM 268158102 4320 1000000 SH Defined 1,2 1000000 EQT CORP COM 26884L109 21994 410114 SH Defined 1,2 410114 EXCO RESOURCES INC COM 269279402 1774 233721 SH Defined 1,2 233721 ELAN PLC ADR 284131208 2918 200000 SH Defined 1,2 200000 EQUINIX INC COM 29444U502 2635 15000 SH PUT Defined 1,2 EXELON CORP COM 30161N101 20469 544111 SH Defined 1,2 544111 EXPEDIA INC DEL COM 30212P303 1442 30000 SH CALL Defined 1,2 FAIRPOINT COMMUNICATIONS ICOM NEW 305560302 614 99905 SH Defined 1,2 99905 FOCUS MEDIA HLDG LTD SPONSORED 34415V109 1409 60000 SH Defined 1,2,3 60000 FORD MTR CO DEL *W EXP 01/ 345370860 25867 2697250 SH Defined 1,2 2697250 FOREST LABS INC COM 345838106 1750 50000 SH Defined 1,2 50000 GANNETT INC COM 364730101 736 50000 SH CALL Defined 1,2 GENON ENERGY INC COM 37244E107 9301 5439068 SH Defined 1,2 5439068 GILEAD SCIENCES INC COM 375558103 7692 150000 SH Defined 1,2 150000 GOLDCORP INC NEW COM 380956409 752 20000 SH CALL Defined 1 GOODRICH CORP COM 382388106 7614 60000 SH Defined 1,2 60000 GOODRICH PETE CORP COM NEW 382410405 6526 470847 SH Defined 1,2 470847 GOODYEAR TIRE & RUBR CO COM 382550101 10324 874150 SH Defined 1,2,3 874150 GOOGLE INC CL A 38259P508 11601 20000 SH Defined 1,2,3 20000 GOOGLE INC COM 38259P508 6381 11000 SH PUT Defined 1,2 GRIFOLS S A SPONSORED 398438309 2739 285339 SH Defined 1,2 285339 HARTE-HANKS INC COM 416196103 3085 337500 SH Defined 1,2,3 337500 HERTZ GLOBAL HOLDINGS INC NOTE 5.25 42805TAA3 33374 19980000 PRN Defined 1,2 HESS CORP COM 42809H107 4780 110000 SH Defined 1,2 110000 HOLLYFRONTIER CORP COM 436106108 8716 246000 SH Defined 1,2 246000 HUMAN GENOME SCIENCES INC COM 444903108 22725 1730782 SH Sole 1730782 HUNT J B TRANS SVCS INC COM 445658107 5483 92000 SH Defined 1,2,3 92000 HYATT HOTELS CORP COM CL A 448579102 8205 220807 SH Defined 1,2 220807 ISTAR FINL INC COM 45031U101 8842 1370800 SH PUT Defined 1,2 IAMGOLD CORP COM 450913108 3540 300000 SH Defined 1,2 300000 ILLUMINA INC COM 452327109 2019 50000 SH Defined 1,2 50000 IRONWOOD PHARMACEUTICALSCOMCCL A 46333X108 7011 508814 SH Defined 1,2 508814 ISHARES TR COM 464287655 3978 50000 SH CALL Defined 1,2 ISHARES TR COM 464287655 10343 130000 SH PUT Defined 1,2 ISLE OF CAPRI CASINOS INC COM 464592104 1333 216068 SH Defined 1,2 216068 JPMORGAN CHASE & CO COM 46625H100 679 19000 SH Defined 1 19000 JPMORGAN CHASE & CO COM 46625H100 679 19000 SH PUT Defined 1 LIBERTY MEDIA CORPORATION LIB CAP CO 530322106 6180 70300 SH Defined 1,2 70300 LILLY ELI & CO COM 532457108 4720 110000 SH Defined 1,2 110000 LIONS GATE ENTMNT CORP COM 535919203 3980 270000 SH PUT Defined 1,2 LIONS GATE ENTMNT CORP COM NEW 535919203 4127 280000 SH Defined 1,2 280000 LORAL SPACE & COMMUNICATNS I COM 543881106 506 7516 SH Defined 1,2 7516 MGM RESORTS INTERNATIONAL COM 552953101 15060 1349500 SH PUT Defined 1,2 MAP PHARMACEUTICALS INC COM 56509R108 4152 277708 SH Defined 1,2 277708 MASSEY ENERGY CO NOTE 3.25 576203AJ2 18150 21000000 PRN Defined 1,2,3 MCGRAW HILL COS INC COM 580645109 1350 30000 SH CALL Defined 1,2 MERCK & CO INC NEW COM 58933Y105 5219 125000 SH Defined 1,2 125000 MEREDITH CORP COM 589433101 639 20000 SH PUT Defined 1,2 MULTIMEDIA GAMES HLDG CO INC COM 625453105 4880 348577 SH Defined 1,2 348577 NRG ENERGY INC COM 629377508 795 45800 SH PUT Defined 1,2 NATIONAL GRID PLC SPON ADR N 636274300 8269 156057 SH Defined 1,2 156057 NAVISTAR INTL CORP NEW COM 63934E108 6925 244088 SH Defined 1,2,3 244088 NAVISTAR INTL CORP NEW NOTE 3.00 63934EAL2 3127 3367000 PRN Defined 1,2 NEWFIELD EXPL CO COM 651290108 11094 378501 SH Defined 1,2 378501 NEWS CORP CL A 65248E104 4519 202735 SH Defined 1,2,3 202735 NEWS CORP COM 65248E104 1393 62500 SH CALL Defined 1,2 NEXEN INC COM 65334H102 6249 370000 SH Defined 1,2 370000 NOKIA CORP SPONSORED 654902204 4554 2200000 SH Defined 1,2 2200000 NOBLE ENERGY INC COM 655044105 20584 242677 SH Defined 1,2 242677 OCCIDENTAL PETE CORP DEL COM 674599105 7299 85100 SH Defined 1,2 85100 OFFICEMAX INC DEL COM 67622P101 4675 923883 SH Defined 1,2,3 923883 OMNICOM GROUP INC COM 681919106 1701 35000 SH CALL Defined 1,2 PPL CORP COM 69351T106 10440 375400 SH Defined 1,2 375400 PPL CORP UNIT 99/99 69351T114 5347 100000 SH Defined 1,2 100000 PEABODY ENERGY CORP COM 704549104 527 21500 SH Defined 1,2 21500 P T TELEKOMUNIKASISPONSOREDA 715684106 697 20000 SH Defined 1,2 20000 PIONEER NAT RES CO COM 723787107 10135 114900 SH Defined 1,2 114900 PLAINS EXPL& PRODTN CO COM 726505100 10519 299000 SH Defined 1,2 299000 POWERSHARES QQQ TRUST COM 73935A104 3208 50000 SH CALL Defined 1,2 PRICELINE COM INC COM NEW 741503403 33226 50000 SH Defined 1,2,3 50000 PROLOGIS NOTE 2.62 743410AS1 10000 10000000 PRN Defined 1,2,3 QEP RES INC COM 74733V100 2997 100000 SH Defined 1,2 100000 QUEST SOFTWARE INC COM 74834T103 9733 350000 SH Defined 1,2 350000 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 12511 235000 SH Defined 1,2 235000 RTI INTL METALS INC NOTE 3.00 74973WAA5 8719 8500000 PRN Defined 1,2 RAPTOR PHARMACEUTICAL CORP COM 75382F106 5483 982620 SH Defined 1,2 982620 REGENERON PHARMACEUTICALS COM 75886F107 3427 30000 SH Defined 1,2 30000 RESOLUTE FST PRODS INC COM 76117W109 1766 152466 SH Defined 1,2 152466 RYDER SYS INC COM 783549108 6066 168462 SH Defined 1,2,3 168462 SPDR S&P 500 ETF TR COM 78462F103 8847 65000 SH CALL Defined 1,2 SPDR S&P 500 ETF TR COM 78462F103 2722 20000 SH PUT Defined 1 SPDR GOLD TRUST COM 78463V107 2328 15000 SH CALL Defined 1 SPDR GOLD TRUST GOLD SHS 78463V107 29952 193000 SH Defined 1,2,3 193000 SPDR SERIES TRUST S&P METALS 78464A755 11290 272500 SH Defined 1,2 272500 SALIX PHARMACEUTICALS INC COM 795435106 8166 150000 SH Defined 1,2 150000 SANCHEZ ENERGY CORP COM 79970Y105 5265 253138 SH Defined 1,2 253138 SANOFI SPONSORED 80105N105 3872 102475 SH Defined 1,2 102475 SEARS HLDGS CORP COM 812350106 45438 761100 SH PUT Defined 1,2 SELECT SECTOR SPDR TR SBI MATERI 81369Y100 9691 274600 SH Defined 1,2 274600 SELECT SECTOR SPDR TR COM 81369Y308 2782 80000 SH CALL Defined 1,2 SELECT SECTOR SPDR TR COM 81369Y407 4378 100000 SH CALL Defined 1,2 SINCLAIR BROADCAST GROFRNTNC2.00 829226AU3 6510 7000000 PRN Defined 1,2,3 SMITHFIELD FOODS INC NOTE 4.00 832248AR9 27318 24500000 PRN Defined 1,2 SUNESIS PHARMACEUTICALS COM NEW 867328601 1521 530000 SH Defined 1,2 530000 SUNOCO INC COM 86764P109 760 16000 SH CALL Defined 1 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 12576 342100 SH Defined 1,2,3 342100 TELEPHONE & DATA SYS INC COM NEW 879433829 5627 264324 SH Defined 1,2 264324 TESORO CORP COM 881609101 16362 655519 SH Defined 1,2 655519 TEXTRON INC NOTE 4.50 883203BN0 35513 18495000 PRN Defined 1,2 TIME WARNER INC COM 887317303 2310 60000 SH CALL Defined 1,2 TIME WARNER CABLE INC COM 88732J207 33316 405800 SH Defined 1,2,3 405800 TITAN INTL INC ILL COM 88830M102 10070 410500 SH Defined 1,2,3 410500 TRANSCEPT PHARMACEUTICALS IN COM 89354M106 3901 629200 SH Defined 1,2 629200 TRIUS THERAPEUTICS INC COM 89685K100 1733 300931 SH Defined 1,2 300931 UNS ENERGY CORP COM 903119105 14994 390375 SH Defined 1,2 390375 UNITED CONTL HLDGS INC COM 910047109 7728 317625 SH Defined 1,2 317625 UNITED THERAPEUTICS CORP DECOM 91307C102 3704 75000 SH Defined 1,2 75000 VALEANT PHARMACEUTICALS INTLCOM 91911K102 3069 68520 SH Defined 1,2 68520 VALERO ENERGY CORP NEW COM 91913Y100 8711 360700 SH Defined 1,2 360700 VERASTEM INC COM 92337C104 1754 181034 SH Defined 1,2 181034 VERTEX PHARMACEUTICALS INC COM 92532F100 4194 75000 SH Defined 1,2 75000 VIACOM INC NEW CL B 92553P201 2821 60000 SH Defined 1,2 60000 VIRGIN MEDIA INC COM 92769L101 5366 220000 SH Defined 1,2,3 220000 VIRGIN MEDIA INC COM 92769L101 4146 170000 SH PUT Defined 1,2 VIROPHARMA INC COM 928241108 4740 200000 SH Defined 1,2 200000 VIVUS INC COM 928551100 2854 100000 SH Defined 1,2 100000 WASHINGTON POST CO CL B 939640108 419 1120 SH Defined 1,2,3 1120 YM BIOSCIENCES INC COM 984238105 1992 1001244 SH Defined 1,2 1001244 YAHOO INC COM 984332106 4749 300000 SH Defined 1,2 300000 ZIONS BANCORPORATIO*W EXP 05/ 989701107 14820 763136 SH Defined 1,2 763136 ZYNGA INC CL A 98986T108 1221 224500 SH Defined 1,2 224500 ZYNGA INC COM 98986T108 245 45000 SH CALL Defined 1,2 ZYNGA INC COM 98986T108 2965 545000 SH PUT Defined 1,2 ALKERMES PLC SHS G01767105 3818 225000 SH Defined 1,2 225000 DELPHI AUTOMOTIVE PLC SHS G27823106 28460 1116090 SH Defined 1,2 1116090 INGERSOLL-RAND PLC SHS G47791101 210 4985 SH Defined 1 4985 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 13012 400000 SH Defined 1,2 400000 TRANSOCEAN LTD REG SHS H8817H100 15879 355000 SH Defined 1,2 355000 PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 7733 908746 SH Defined 1,2 908746 INTERXION HOLDING N.V COM N47279109 3079 170000 SH PUT Defined 1,2 INTERXION HOLDING N.V SHS N47279109 3400 187738 SH Defined 1,2 187738 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 27713 688176 SH Defined 1,2 688176 OCEAN RIG UDW INC SHS Y64354205 14314 1059517 SH Defined 1,2 1059517