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
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
HORNBECK OFFSHORE SERVBOND440543AN6430750,000PRN SOLE 750,00000
AAR ORDCOM36110578930,000SH SOLE 30,00000
ABBOTT LABORATORIES ORDCOM28241001,79640,000SH SOLE 40,00000
ABBVIE ORDCOM00287Y1092,37040,000SH SOLE 40,00000
ADVANCED MICRO DEVICES ORDCOM7903107570198,600SH SOLE 198,60000
ALTRIA GROUP ORDCOM02209S1033496,000SH SOLE 6,00000
ANADARKO PETROLEUM ORDCOM325111073,88680,000SH SOLE 80,00000
APACHE ORDCOM374111051,24528,000SH SOLE 28,00000
AT&T ORDCOM00206R10234410,000SH SOLE 10,00000
BABCOCK AND WILCOX ENTERPRISES ORDCOM05614L10052225,000SH SOLE 25,00000
BARRICK GOLD ORDCOM67901108737100,000SH SOLE 100,00000
BAXALTA ORDCOM07177M1032,73270,000SH SOLE 70,00000
BAXTER INTERNATIONAL ORDCOM718131092,67170,000SH SOLE 70,00000
BHP BILLITON ADR REP 2 ORDCOM886061083,606140,000SH SOLE 140,00000
BP ADR EACH REPSTNG SIX ORDCOM556221048,198262,240SH SOLE 262,24000
BRISTOL MYERS SQUIBB ORDCOM1101221089,049131,549SH SOLE 131,54900
BWX TECHNOLOGIES ORDCOM05605H10063520,000SH SOLE 20,00000
C R BARD ORDCOM673831093,03116,000SH SOLE 16,00000
CAMPBELL SOUP ORDCOM1344291091,89236,000SH SOLE 36,00000
CANADIAN PACIFIC RAILWAY ORDCOM13645T1006,05647,600SH SOLE 47,60000
CENOVUS ENERGY ORDCOM15135U1091,260100,000SH SOLE 100,00000
CHEMOURS ORDCOM16385110861,200SH SOLE 1,20000
CHEVRON ORDCOM1667641008,02889,240SH SOLE 89,24000
CISCO SYSTEMS ORDCOM17275R1024,004147,448SH SOLE 147,44800
CONOCOPHILLIPS ORDCOM20825C1045,836125,000SH SOLE 125,00000
CORNING ORDCOM21935010573140,000SH SOLE 40,00000
CVS HEALTH ORDCOM1266501002,93330,000SH SOLE 30,00000
DOMINION RESOURCES ORDCOM25746U1092,33534,528SH SOLE 34,52800
DUKE ENERGY ORDCOM26441C2048,150114,166SH SOLE 114,16600
E I DU PONT DE NEMOURS ORDCOM2635341094006,000SH SOLE 6,00000
EMC ORDCOM2686481022,31190,000SH SOLE 90,00000
ENCANA ORDCOM292505104835164,900SH SOLE 164,90000
ENERSYS ORDCOM29275Y10261310,968SH SOLE 10,96800
EXXON MOBIL ORDCOM30231G1028,185105,000SH SOLE 105,00000
FLOWERS FOODS ORDCOM3434981012,939136,743SH SOLE 136,74300
FLUOR ORDCOM3434121021,35528,700SH SOLE 28,70000
FREEPORT MCMORAN ORDCOM35671D857677100,000SH SOLE 100,00000
GARMIN ORDCOMH2906T1093,21586,500SH SOLE 86,50000
GENERAL DYNAMICS ORDCOM3695501082,74720,000SH SOLE 20,00000
GLOBAL PAYMENTS ORDCOM37940X1022,58040,000SH SOLE 40,00000
GUIDEWIRE SOFTWARE ORDCOM40171V1001,87431,142SH SOLE 31,14200
HARRIS ORDCOM4138751053,47640,000SH SOLE 40,00000
HORNBECK OFFSHORE SERVICES ORDCOM44054310639840,000SH SOLE 40,00000
INTEL ORDCOM4581401002,03459,044SH SOLE 59,04400
INTERNATIONAL BUSINESS MACHINES ORDCOM45920010111,42283,000SH SOLE 83,00000
IROBOT ORDCOM4627261001,31037,000SH SOLE 37,00000
JOHNSON & JOHNSON ORDCOM4781601045,13650,000SH SOLE 50,00000
KRAFT HEINZ ORDCOM5007541063645,000SH SOLE 5,00000
L-3 COMMUNICATIONS HOLDINGS ORDCOM5024241043132,616SH SOLE 2,61600
LEUCADIA ORDCOM52728810497756,191SH SOLE 56,19100
LINCOLN NATIONAL ORDCOM5341871091,14322,734SH SOLE 22,73400
LOCKHEED MARTIN ORDCOM53983010913,02960,000SH SOLE 60,00000
MCDERMOTT INTERNATIONAL ORDCOM580037109611182,400SH SOLE 182,40000
MERCK & CO ORDCOM58933Y1055,810110,000SH SOLE 110,00000
MICRON TECHNOLOGY ORDCOM5951121031,13380,000SH SOLE 80,00000
MICROSOFT ORDCOM59491810411,096200,000SH SOLE 200,00000
MONDELEZ INTERNATIONAL CL A ORDCOM6092071052285,076SH SOLE 5,07600
MONSANTO ORDCOM61166W1011,00810,234SH SOLE 10,23400
NABORS INDUSTRIES ORDCOMG6359F10330636,000SH SOLE 36,00000
NEWMONT MINING ORDCOM6516391062,878160,000SH SOLE 160,00000
NORTHROP GRUMMAN ORDCOM6668071027,68740,712SH SOLE 40,71200
NUANCE COMMUNICATIONS ORDCOM67020Y1003,875194,800SH SOLE 194,80000
ORBITAL ATK ORDCOM68557N1034,11046,000SH SOLE 46,00000
PFIZER ORDCOM7170811035,360166,050SH SOLE 166,05000
PHILIP MORRIS INTERNATIONAL ORDCOM7181721092643,000SH SOLE 3,00000
PHILLIPS 66 ORDCOM7185461042,65932,500SH SOLE 32,50000
PIEDMONT NATURAL GAS ORDCOM72018610515,451270,978SH SOLE 270,97800
RAYTHEON ORDCOM75511150711,33291,000SH SOLE 91,00000
RITE AID ORDCOM7677541041,568200,000SH SOLE 200,00000
ROYAL DUTCH SHELL ADR RPSTG 2 A ORDCOM7802592062,74760,000SH SOLE 60,00000
SCANA ORDCOM80589M1022,78346,000SH SOLE 46,00000
SCANSOURCE ORDCOM8060371072,10765,400SH SOLE 65,40000
SCHLUMBERGER ORDCOM8068571085,44178,000SH SOLE 78,00000
SOUTH STATE ORDCOM8404411095557,716SH SOLE 7,71600
SPECTRA ENERGY ORDCOM8475601093,711155,000SH SOLE 155,00000
TEXAS INSTRUMENTS ORDCOM8825081042,74150,000SH SOLE 50,00000
THERMO FISHER SCIENTIFIC ORDCOM8835561021,54610,900SH SOLE 10,90000
TRANSOCEAN ORDCOMH8817H1004,948399,662SH SOLE 399,66200
TRIMBLE NAVIGATION ORDCOM8962391001,28760,000SH SOLE 60,00000
UNITED TECHNOLOGIES ORDCOM9130171098,56589,150SH SOLE 89,15000
WELLS FARGO ORDCOM94974610181515,000SH SOLE 15,00000
WESTERN DIGITAL ORDCOM9581021053,00350,000SH SOLE 50,00000
WILLIAMS ORDCOM9694571003,863150,300SH SOLE 150,30000
WPX ENERGY ORDCOM98212B103738128,500SH SOLE 128,50000
BRISTOL-MYER 70.0 CALL 19FEB16COM1344291095328,000SHCallSOLE 28,00000
EMC CORP/MA 26.0 CALL 15APR16COMH2906T1093330,000SHCallSOLE 30,00000
GLOBAL PAYME 72.5 CALL 19FEB16COM67020Y100164,400SHCallSOLE 4,40000
MICROSOFT CO 55.0 CALL 15JAN16COM7185461046040,000SHCallSOLE 40,00000
NUANCE COMMU 21.0 CALL 15APR16COM7677541044450,000SHCallSOLE 50,00000
PFIZER INC 36.0 CALL 15JAN16COMH8817H100035,000SHCallSOLE 35,00000
RITE AID COR 10.0 CALL 15JAN16COM767754104175,000SHCallSOLE 75,00000
THERMO FISHE 140.0 CALL 19FEB16COM8835561026210,900SHCallSOLE 10,90000
TRIMBLE NAVI 25.0 CALL 19FEB16COM896239100517,500SHCallSOLE 17,50000
WESTERN DIGI 65.0 CALL 19FEB16COM9581021055530,000SHCallSOLE 30,00000