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
AK STL CORP Note 001546AP5 16,095 14,500,000 SH   SOLE   14,500,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 10,318 195,500 SH   SOLE   195,500 0 0
AMGEN INC COM 031162100 743 4,650 SH   SOLE   4,650 0 0
BAIDU INC SPON ADR REP A 056752108 9,680 46,450 SH   SOLE   46,450 0 0
BAKER HUGHES INC COM 057224107 23,322 366,815 SH   SOLE   366,815 0 0
BANK AMER CORP COM 060505104 64,576 4,196,000 SH Call SOLE   4,196,000 0 0
BANK AMER CORP COM 060505104 16,023 1,041,100 SH Call SOLE   1,041,100 0 0
BANK AMER CORP COM 060505104 38,475 2,500,000 SH Call SOLE   2,500,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 498 3,450 SH   SOLE   3,450 0 0
BP PLC SPONSORED ADR 055622104 2,542 65,000 SH   SOLE   65,000 0 0
CANADIAN NAT RES LTD COM 136385101 14,120 459,769 SH   SOLE   459,769 0 0
CANADIAN SOLAR INC Note 136635AE9 16,692 16,000,000 SH   SOLE   16,000,000 0 0
CARRIZO OIL & GAS INC COM 144577103 6,951 140,000 SH   SOLE   140,000 0 0
CIMAREX ENERGY CO COM 171798101 23,824 207,000 SH   SOLE   207,000 0 0
CITIGROUP INC COM 172967424 31,930 619,765 SH   SOLE   619,765 0 0
CME GROUP INC COM 12572Q105 2,841 30,000 SH   SOLE   30,000 0 0
COBALT INTL ENERGY INC COM 19075F106 1,882 200,000 SH   SOLE   200,000 0 0
COBALT INTL ENERGY INC Note 19075FAA4 25,488 35,000,000 SH   SOLE   35,000,000 0 0
CONCHO RES INC COM 20605P101 27,189 234,553 SH   SOLE   234,553 0 0
CONOCOPHILLIPS COM 20825C104 28,077 450,958 SH   SOLE   450,958 0 0
CONSOL ENERGY INC COM 20854P109 6,973 250,000 SH Put SOLE   250,000 0 0
CONTINENTAL RESOURCES INC COM 212015101 17,572 402,373 SH   SOLE   402,373 0 0
CRESCENT PT ENERGY CORP COM 22576C101 3,468 122,800 SH   SOLE   122,800 0 0
CTRIP COM INTL LTD Note 22943FAD2 20,920 20,000,000 SH   SOLE   20,000,000 0 0
DELTA AIR LINES INC DEL COM 247361702 1,472 32,735 SH   SOLE   32,735 0 0
DIAMONDBACK ENERGY INC COM 25278X109 15,194 197,741 SH   SOLE   197,741 0 0
ENCANA CORP COM 292505104 8,108 727,200 SH   SOLE   727,200 0 0
ENERGY XXI BERMUDA LTD Note 29274UAB7 872 3,000,000 SH   SOLE   3,000,000 0 0
EOG RES INC COM 26875P101 21,531 234,825 SH   SOLE   234,825 0 0
EQT CORP COM 26884L109 20,825 251,300 SH   SOLE   251,300 0 0
EXELIXIS INC Note 30161QAC8 5,865 7,715,000 SH   SOLE   7,715,000 0 0
FACEBOOK INC CL A 30303M102 830 10,100 SH   SOLE   10,100 0 0
FRANKS INTL N V COM N33462107 1,590 85,000 SH   SOLE   85,000 0 0
FXCM INC Note 302693AB2 775 1,000,000 SH   SOLE   1,000,000 0 0
GENERAL ELECTRIC CO COM 369604103 2,020 81,400 SH   SOLE   81,400 0 0
GENERAL MTRS CO COM 37045V100 30,323 808,603 SH   SOLE   808,603 0 0
GILEAD SCIENCES INC COM 375558103 6,849 69,792 SH   SOLE   69,792 0 0
GOOGLE INC CL A 38259P508 1,201 2,165 SH   SOLE   2,165 0 0
GULFPORT ENERGY CORP COM 402635304 7,183 156,458 SH   SOLE   156,458 0 0
GULFPORT ENERGY CORP COM 402635304 11,478 250,000 SH Put SOLE   250,000 0 0
HALLIBURTON CO COM 406216101 24,283 553,392 SH   SOLE   553,392 0 0
HORSEHEAD HLDG CORP COM 440694305 2,026 160,000 SH Put SOLE   160,000 0 0
HUNTSMAN CORP COM 447011107 923 41,615 SH   SOLE   41,615 0 0
INTERDIGITAL INC Note 458660AB3 16,166 14,976,000 SH   SOLE   14,976,000 0 0
INTEROIL CORP Note 460951AC0 4,000 4,000,000 SH   SOLE   4,000,000 0 0
ISHARES JP MOR EM MK ETF 464288281 23,545 210,000 SH Put SOLE   210,000 0 0
ISHARES MSCI STH KOR ETF 464286772 18,517 323,489 SH   SOLE   323,489 0 0
ISHARES TR MSCI EAFE ETF 464287465 594 9,250 SH   SOLE   9,250 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 63,329 1,578,096 SH   SOLE   1,578,096 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 20,518 511,300 SH Call SOLE   511,300 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 51,651 1,287,100 SH Call SOLE   1,287,100 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 19,664 490,000 SH Call SOLE   490,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 20,466 510,000 SH Call SOLE   510,000 0 0
ISTAR FINL INC Note 45031UBR1 7,159 6,000,000 SH   SOLE   6,000,000 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 17,099 666,900 SH Put SOLE   666,900 0 0
KCG HLDGS INC CL A 48244B100 5,517 450,000 SH Put SOLE   450,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,065 46,294 SH   SOLE   46,294 0 0
MANNKIND CORP Note 56400PAC6 22,235 21,500,000 SH   SOLE   21,500,000 0 0
MARATHON OIL CORP COM 565849106 12,071 462,327 SH   SOLE   462,327 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,875 102,790 SH   SOLE   102,790 0 0
MCDERMOTT INTL INC COM 580037109 2,880 750,000 SH Put SOLE   750,000 0 0
MCDERMOTT INTL INC COM 580037109 1,536 400,000 SH Put SOLE   400,000 0 0
MCDERMOTT INTL INC COM 580037109 1,444 376,000 SH Put SOLE   376,000 0 0
MEMORIAL RESOURCE DEV CORP COM 58605Q109 2,661 150,000 SH   SOLE   150,000 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 5,996 91,193 SH   SOLE   91,193 0 0
MICRON TECHNOLOGY INC COM 595112103 1,820 67,098 SH   SOLE   67,098 0 0
MICROSOFT CORP COM 594918104 4,685 115,250 SH   SOLE   115,250 0 0
MORGAN STANLEY COM 617446448 1,074 30,100 SH   SOLE   30,100 0 0
MRC GLOBAL INC COM 55345K103 3,022 255,000 SH   SOLE   255,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 8,161 597,900 SH   SOLE   597,900 0 0
NEWFIELD EXPL CO COM 651290108 19,461 554,591 SH   SOLE   554,591 0 0
PARSLEY ENERGY INC CL A 701877102 18,342 1,147,826 SH   SOLE   1,147,826 0 0
PATTERSON UTI ENERGY INC COM 703481101 8,664 461,442 SH   SOLE   461,442 0 0
PDC ENERGY INC COM 69327R101 5,753 106,450 SH   SOLE   106,450 0 0
PEABODY ENERGY CORP COM 704549104 1,968 400,000 SH Put SOLE   400,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 51,322 486,001 SH   SOLE   486,001 0 0
PRECISION DRILLING CORP COM 2010 74022D308 5,468 862,498 SH   SOLE   862,498 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 11,264 220,000 SH Put SOLE   220,000 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 3,840 75,000 SH Put SOLE   75,000 0 0
QIHOO 360 TECHNOLOGY CO LTD Note 74734MAB5 38,011 40,000,000 SH   SOLE   40,000,000 0 0
QUIKSILVER INC COM 74838C106 1,480 800,000 SH Put SOLE   800,000 0 0
QUIKSILVER INC COM 74838C106 1,480 800,000 SH Put SOLE   800,000 0 0
RADIAN GROUP INC Note 750236AN1 33,019 20,600,000 SH   SOLE   20,600,000 0 0
RANGE RES CORP COM 75281A109 22,898 440,000 SH   SOLE   440,000 0 0
RITE AID CORP Note 767754BU7 31,573 9,372,000 SH   SOLE   9,372,000 0 0
RPC INC COM 749660106 2,981 232,714 SH   SOLE   232,714 0 0
SEADRILL LIMITED SHS G7945E105 4,208 450,000 SH Put SOLE   450,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 10,850 450,000 SH   SOLE   450,000 0 0
SHIP FINANCE INTERNATIONAL L Note G81075AE6 7,072 7,100,000 SH   SOLE   7,100,000 0 0
SINA CORP Note 82922RAD5 18,142 20,000,000 SH   SOLE   20,000,000 0 0
SINA CORP ORD G81477104 4,020 125,000 SH Put SOLE   125,000 0 0
SOLARCITY CORP Note 83416TAA8 38,310 36,500,000 SH   SOLE   36,500,000 0 0
SOLARCITY CORP COM 83416T100 5,128 100,000 SH Put SOLE   100,000 0 0
SOLARCITY CORP COM 83416T100 16,922 330,000 SH Put SOLE   330,000 0 0
SOUFUN HLDGS LTD Note 836034AB4 8,795 10,000,000 SH   SOLE   10,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 412,860 2,000,000 SH Put SOLE   2,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 22,253 107,799 SH   SOLE   107,799 0 0
STARWOOD PPTY TR INC Note 85571BAA3 13,755 12,500,000 SH   SOLE   12,500,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 13,163 450,000 SH   SOLE   450,000 0 0
SUNEDISON INC COM 86732Y109 13,500 562,500 SH Put SOLE   562,500 0 0
SUNEDISON INC Note 86732YAC3 55,879 32,500,000 SH   SOLE   32,500,000 0 0
SUNTRUST BKS INC COM 867914103 9,442 229,793 SH   SOLE   229,793 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 9,159 410,000 SH   SOLE   410,000 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 6,045 500,000 SH Put SOLE   500,000 0 0
UNITED RENTALS INC COM 911363109 7,999 87,751 SH   SOLE   87,751 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 842 50,000 SH   SOLE   50,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 14,801 232,645 SH   SOLE   232,645 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,307 47,431 SH   SOLE   47,431 0 0
VIPSHOP HLDGS LTD Note 92763WAA1 54,658 35,000,000 SH   SOLE   35,000,000 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 61,412 2,086,000 SH Put SOLE   2,086,000 0 0
WALTER ENERGY INC COM 93317Q105 341 550,000 SH Put SOLE   550,000 0 0
WALTER INVT MGMT CORP COM 93317W102 7,091 439,100 SH Put SOLE   439,100 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 1,089 155,800 SH Put SOLE   155,800 0 0
WILLIAMS COS INC DEL COM 969457100 5,565 110,000 SH   SOLE   110,000 0 0
YAHOO INC COM 984332106 1,584 35,650 SH   SOLE   35,650 0 0
YY INC ADS REPCOM CLA 98426T106 36,555 670,000 SH Put SOLE   670,000 0 0