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
Estimated average burden
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
SHIRE PLC-ADR Common 82481R106 12,175 47,000 SH   SOLE   47,000 0 0
SMITH & NEPHEW PLC -SPON ADR Common 83175M205 960 11,400 SH   SOLE   11,400 0 0
ACTAVIS PLC Common G0083B108 135,740 562,583 SH   SOLE   562,583 0 0
BARRICK GOLD CORP Common 067901108 58,058 3,960,300 SH   SOLE   3,960,300 0 0
COTT CORPORATION Common 22163N106 61,454 8,945,342 SH   SOLE   8,945,342 0 0
DISH NETWORK CORP-A Common 25470M109 71,035 1,099,958 SH   SOLE   1,099,958 0 0
FMC CORP Common 302491303 137,734 2,408,353 SH   SOLE   2,408,353 0 0
FREEPORT-MCMORAN COPPER Common 35671D857 85,118 2,606,983 SH   SOLE   2,606,983 0 0
FTD COS INC Common 30281V108 62,443 1,830,646 SH   SOLE   1,830,646 0 0
GENERAL MOTORS CO Common 37045V100 82,710 2,589,549 SH   SOLE   2,589,549 0 0
GLOBALSTAR INC Common 378973408 62,715 17,135,212 SH   SOLE   17,135,212 0 0
GULF COAST ULTRA DEEP ROYALT Common 40222T104 9,863 4,931,385 SH   SOLE   4,931,385 0 0
IAC/INTERACTIVECORP Common 44919P508 58,489 887,539 SH   SOLE   887,539 0 0
ICU MEDICAL INC Common 44930G107 6,567 102,314 SH   SOLE   102,314 0 0
MACQUARIE INFRASTRUCTURE CO Common 55608B105 15,481 232,103 SH   SOLE   232,103 0 0
MEADOWBROOK INSURANCE GROUP Common 58319P108 28,125 4,807,631 SH   SOLE   4,807,631 0 0
NATIONAL BANK HOLD-CL A Common 633707104 32,615 1,705,816 SH   SOLE   1,705,816 0 0
PFIZER INC Common 717081103 85,014 2,875,000 SH   SOLE   2,875,000 0 0
RADIOSHACK CORP Common 750438103 8,786 8,875,000 SH   SOLE   8,875,000 0 0
REYNOLDS AMERICAN INC Common 761713106 42,775 725,000 SH   SOLE   725,000 0 0
SANDRIDGE ENERGY INC Common 80007P307 52,119 12,148,924 SH   SOLE   12,148,924 0 0
THERAVANCE INC Common 88338TAB0 45,642 2,670,695 SH   SOLE   2,670,695 0 0
TIME WARNER INC Common 041676132 39,109 520,000 SH   SOLE   520,000 0 0
TRONOX LTD-CL A Common Q9235V101 61,112 2,345,955 SH   SOLE   2,345,955 0 0
DYNEGY INC-CW17 Common 26817R116 19,310 4,664,219 SH   SOLE   4,664,219 0 0
GENERAL MOTORS-CW16 Warrant 37045V118 93 4,135 SH   SOLE   4,135 0 0
GENERAL MOTORS-CW19 Warrant 37045V126 60 4,135 SH   SOLE   4,135 0 0
SPDR GOLD TRUST Common 78463V107 19,343 166,450 SH   SOLE   166,450 0 0