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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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
AMERICAN AIRLS GROUP INC COM 02376R102 7,272 288,000 SH   OTR 1,2 288,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 33,538 656,966 SH   OTR 1,2 656,966 0 0
AMERIPRISE FINL INC COM 03076C106 23,682 205,840 SH   OTR 1,2 205,840 0 0
ANADARKO PETE CORP COM 032511107 24,272 306,000 SH   OTR 1,2 306,000 0 0
ANTERO RES CORP COM 03674X106 20,715 326,532 SH   OTR 1,2 326,532 0 0
APPLE INC COM 037833100 7,854 14,000 SH   OTR 1,2 14,000 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 8,421 344,859 SH   OTR 1,2 344,859 0 0
CBS CORP NEW CL A 124857103 24,859 390,000 SH   OTR 1,2 390,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 88,522 2,052,923 SH   OTR 1,2 2,052,923 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 7,297 254,693 SH   OTR 1,2 254,693 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 14,063 750,000 SH   OTR 1,2 750,000 0 0
CITIGROUP INC COM NEW 172967424 45,669 876,393 SH   OTR 1,2 876,393 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 16,201 269,434 SH   OTR 1,2 269,434 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 57,215 2,913,166 SH   OTR 1,2 2,913,166 0 0
ENERGEN CORP COM 29265N108 18,607 263,000 SH   OTR 1,2 263,000 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 56,148 686,913 SH   OTR 1,2 686,913 0 0
EQT CORP COM 26884L109 9,955 110,878 SH   OTR 1,2 110,878 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 17,160 785,000 SH   OTR 1,2 785,000 0 0
GENERAL MTRS CO COM 37045V100 70,670 1,729,145 SH   OTR 1,2 1,729,145 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,789 57,451 SH   OTR 1,2 57,451 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 1,328 57,451 SH   OTR 1,2 57,451 0 0
GOOGLE INC CL A 38259P508 20,453 18,250 SH   OTR 1,2 18,250 0 0
HALLIBURTON CO COM 406216101 40,009 788,347 SH   OTR 1,2 788,347 0 0
HCA HOLDINGS INC COM 40412C101 79,953 1,675,821 SH   OTR 1,2 1,675,821 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 23,171 809,615 SH   OTR 1,2 809,615 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 2,221 42,500 SH   OTR 1,2 42,500 0 0
ISHARES RUSSELL 2000 ETF 464287655 16,266 141,000 SH   OTR 1,2 141,000 0 0
JPMORGAN CHASE & CO COM 46625H100 15,556 266,000 SH   OTR 1,2 266,000 0 0
MARATHON PETE CORP COM 56585A102 10,320 112,500 SH   OTR 1,2 112,500 0 0
METHANEX CORP COM 59151K108 16,585 279,968 SH   OTR 1,2 279,968 0 0
METLIFE INC COM 59156R108 29,344 544,220 SH   OTR 1,2 544,220 0 0
MORGAN STANLEY COM NEW 617446448 7,334 233,873 SH   OTR 1,2 233,873 0 0
NMI HLDGS INC CL A 629209305 31,570 2,480,000 SH   OTR 1,2 2,480,000 0 0
PIONEER NAT RES CO COM 723787107 15,830 86,000 SH   OTR 1,2 86,000 0 0
QUALCOMM INC COM 747525103 10,024 135,000 SH   OTR 1,2 135,000 0 0
ROCKWOOD HLDGS INC COM 774415103 16,103 223,898 SH   OTR 1,2 223,898 0 0
SEMGROUP CORP CL A 81663A105 26,888 412,203 SH   OTR 1,2 412,203 0 0
TIME WARNER CABLE INC COM 88732J207 7,588 56,000 SH   OTR 1,2 56,000 0 0
UNITED CONTL HLDGS INC COM 910047109 7,789 205,886 SH   OTR 1,2 205,886 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 21,432 1,383,580 SH   OTR 1,2 1,383,580 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 123,979 3,761,501 SH   OTR 1,2 3,761,501 0 0
ISHARES RUSSELL 2000 ETF 464287655 37,492 325,000 SH Call OTR 1,2 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 94,557 1,075,000 SH Call OTR 1,2 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 830,736 4,498,000 SH Call OTR 1,2 0 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 38,036 1,740,000 SH Call OTR 1,2 0 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 13,021 190,000 SH Call OTR 1,2 0 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 19,944 605,100 SH Call OTR 1,2 0 0 0