The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFIMED NV COM N01045108 148 23,960 SH   SOLE   3,485 0 20,475
ALLEGIANT TRAVEL CO COM 01748X102 11,327 52,381 SH   SOLE   52,091 0 290
ALLIANCE DATA SYS CORP COM COM 018581108 31,397 121,235 SH   SOLE   112,292 0 8,943
ALLIANCEBERNSTEIN HLDG UNIT LT COM 01881G106 307 11,550 SH   SOLE   2,650 0 8,900
AMERICAN AXLE & MFG COM COM 024061103 251 12,600 SH   SOLE   2,600 0 10,000
AMERICAN CAPITAL LTD COM 02503Y103 126 10,400 SH   SOLE   1,100 0 9,300
AMERICAN CAPITAL LTD COM 02503Y103 24 2,000 SH Call SOLE   2,000 0 0
ARRIS GROUP INC NEW COM COM 04270V106 15,422 593,835 SH   SOLE   562,745 0 31,090
ASBURY AUTOMOTIVE GP COM COM 043436104 6,629 81,685 SH   SOLE   74,035 0 7,650
Annaly Capital Management COM 035710409 2,571 260,470 SH   SOLE   147,670 0 112,800
Annaly Capital Management COM 035710409 2,149 217,700 SH Call SOLE   125,200 0 92,500
Apple Computer Inc. COM 037833100 16,663 151,074 SH   SOLE   140,737 0 10,337
BELLATRIX EXPLORATION COM COM 078314101 1,223 804,545 SH   SOLE   785,850 0 18,695
BOARDWALK PIPELIN PTNR UT LTD COM 096627104 468 39,800 SH   SOLE   7,400 0 32,400
Baker Hughes Inc. COM 057224107 5,783 111,125 SH   SOLE   93,065 0 18,060
Bristol Myers Squibb COM 110122108 12,536 211,750 SH   SOLE   198,445 0 13,305
CELANESE CORP-SERIES A COM 150870103 15,891 268,570 SH   SOLE   249,855 0 18,715
Cisco Systems Inc COM 17275R102 1,449 55,200 SH Call SOLE   12,200 0 43,000
Cisco Systems Inc COM 17275R102 341 13,000 SH Call SOLE   3,000 0 10,000
DSP GROUP INC COM COM 23332B106 172 18,845 SH   SOLE   2,960 0 15,885
Delta Air Lines COM 247361702 11,911 265,445 SH   SOLE   246,015 0 19,430
ELDORADO GOLD CORP NEW COM COM 284902103 79 24,685 SH   SOLE   4,825 0 19,860
ENERGY TRANSFER EQUITY COM UT COM 29273V100 325 15,634 SH   SOLE   3,200 0 12,434
EPIZYME INC COM COM 29428V104 673 52,370 SH   SOLE   50,000 0 2,370
FLYHT AEROSPACE SOLUTI COM COM 30252U105 3 22,000 SH   SOLE   0 0 22,000
GASLOG PARTNERS LP UNIT LTD PT COM Y2687W108 382 23,685 SH   SOLE   5,095 0 18,590
GENWORTH FINL INC COM CL A COM 37247D106 113 24,400 SH   SOLE   4,400 0 20,000
GILEAD SCIENCES INC COM COM 375558103 21,404 217,990 SH   SOLE   201,250 0 16,740
General Motors Co. COM 37045V100 10,645 354,600 SH Call SOLE   309,600 0 45,000
General Motors Co. COM 37045V100 150 5,000 SH Call SOLE   1,000 0 4,000
HANESBRANDS INC COM COM 410345102 11,613 401,290 SH   SOLE   366,440 0 34,850
HEAT BIOLOGICS INC COM COM 42237K102 50 10,800 SH   SOLE   0 0 10,800
Halliburton Co. COM 406216101 3,567 100,900 SH   SOLE   100,000 0 900
INNOVATIVE SOLTNS&SUPP COM COM 45769N105 483 178,179 SH   SOLE   178,179 0 0
J.P. Morgan Chase & Co. COM 46625H100 21,747 356,685 SH   SOLE   337,195 0 19,490
MACROGENICS INC COM COM 556099109 1,424 66,500 SH   SOLE   52,775 0 13,725
MEDTRONIC PLC COM G5960L103 11,605 173,364 SH   SOLE   159,233 0 14,131
Microsoft Corp COM 594918104 12,865 290,675 SH   SOLE   262,280 0 28,395
Morgan Stanley COM 617446448 10,098 320,565 SH   SOLE   311,890 0 8,675
Morgan Stanley COM 617446448 32 1,000 SH Call SOLE   1,000 0 0
NEUSTAR INC CL A COM 64126X201 8,369 307,555 SH   SOLE   276,825 0 30,730
ON SEMICONDUCTOR CORP COM COM 682189105 11,934 1,269,600 SH   SOLE   1,170,575 0 99,025
OUTERWALL INC COM COM 690070107 5,633 98,950 SH   SOLE   91,035 0 7,915
PACIFIC BIOSCIENCES IN COM COM 69404D108 41 11,125 SH   SOLE   0 0 11,125
PAN AMERICAN SILVER CP COM COM 697900108 66 10,360 SH   SOLE   1,860 0 8,500
Pfizer Inc COM 717081103 1,206 38,409 SH   SOLE   17,274 0 21,135
Pulte Homes, Inc. COM 745867101 313 16,600 SH   SOLE   3,600 0 13,000
Pulte Homes, Inc. COM 745867101 245 13,000 SH Call SOLE   3,000 0 10,000
QUICKLOGIC CORP COM COM 74837P108 175 110,305 SH   SOLE   70,000 0 40,305
REX ENERGY CORP COM 761565100 3,290 1,589,520 SH   SOLE   1,428,890 0 160,630
Rush Enterprises CLA COM 781846209 9,317 385,002 SH   SOLE   385,002 0 0
Rush Enterprises CLB COM 781846308 2,206 94,622 SH   SOLE   81,852 0 12,770
SPIRIT AIRLS INC COM COM 848577102 8,124 171,749 SH   SOLE   150,474 0 21,275
SPIRIT AIRLS INC COM COM 848577102 123 2,600 SH Call SOLE   600 0 2,000
Schlumberger Ltd COM 806857108 4,111 59,600 SH   SOLE   54,735 0 4,865
State Street Corp COM 857477103 9,121 135,712 SH   SOLE   121,522 0 14,190
TEEKAY TANKERS LTD CL A COM Y8565N102 327 47,400 SH   SOLE   40,255 0 7,145
TEVA PHARMACEUTCL INDS ADR COM 881624209 9,991 176,955 SH   SOLE   167,290 0 9,665
UNIVERSAL DISPLAY CORP COM COM 91347P105 6,331 186,760 SH   SOLE   180,440 0 6,320
WCI CMNTYS INC COM PAR $0.01 COM 92923C807 8,127 359,129 SH   SOLE   302,710 0 56,419
ZIX CORP COM COM 98974P100 45 10,710 SH   SOLE   0 0 10,710
DIANA SHIPPING INC PERP PFD SE PFD Y2066G112 247 12,530 SH   SOLE   2,320 0 10,210
MAGNUM HUNTER RES CORP CUM PFD PFD 55973B300 189 31,200 SH   SOLE   7,360 0 23,840
POWERSHARES ETF TRUST DYNA BUY ETF 73935X286 6,159 140,685 SH   SOLE   124,075 0 16,610
DOUBLELINE INCOME SOLU COM CF 258622109 583 33,720 SH   SOLE   6,720 0 27,000
PEABODY ENERGY CONV 704549AG9 229 1,990,000 PRN   SOLE   370,000 0 1,620,000
CELGENE CORP-CVR RT 151020112 25 15,810 SH   SOLE   0 0 15,810