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
AMERICAN AIRLS GROUP INC COM 02376R102 10,541 288,000 SH   OTR 1,2 288,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 46,858 936,966 SH   OTR 1,2 936,966 0 0
AMERIPRISE FINL INC COM 03076C106 10,549 95,840 SH   OTR 1,2 95,840 0 0
ANADARKO PETE CORP COM 032511107 77,089 909,500 SH   OTR 1,2 909,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208 93,830 1,695,209 SH   OTR 1,2 1,695,209 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 7,641 254,693 SH   OTR 1,2 254,693 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 15,847 734,000 SH   OTR 1,2 734,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 11,633 297,000 SH   OTR 1,2 297,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 13,503 198,984 SH   OTR 1,2 198,984 0 0
DICKS SPORTING GOODS INC COM 253393102 3,823 70,000 SH   OTR 1,2 70,000 0 0
ENERGEN CORP COM 29265N108 8,554 105,850 SH   OTR 1,2 105,850 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 53,537 1,145,179 SH   OTR 1,2 1,145,179 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 16,349 1,048,000 SH   OTR 1,2 1,048,000 0 0
GAP INC DEL COM 364760108 7,053 177,000 SH   OTR 1,2 177,000 0 0
GENERAL MTRS CO COM 37045V100 44,751 1,300,145 SH   OTR 1,2 1,300,145 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,427 57,451 SH   OTR 1,2 57,451 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 1,000 57,451 SH   OTR 1,2 57,451 0 0
HALLIBURTON CO COM 406216101 31,821 540,347 SH   OTR 1,2 540,347 0 0
HCA HOLDINGS INC COM 40412C101 83,623 1,592,821 SH   OTR 1,2 1,592,821 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 20,503 769,615 SH   OTR 1,2 769,615 0 0
MACYS INC COM 55616P104 3,913 66,000 SH   OTR 1,2 66,000 0 0
METHANEX CORP COM 59151K108 17,006 265,968 SH   OTR 1,2 265,968 0 0
METLIFE INC COM 59156R108 9,384 177,720 SH   OTR 1,2 177,720 0 0
NATIONAL GEN HLDGS CORP COM 636220303 6,757 482,678 SH   OTR 1,2 482,678 0 0
NMI HLDGS INC CL A 629209305 21,866 1,865,719 SH   OTR 1,2 1,865,719 0 0
OCWEN FINL CORP COM NEW 675746309 7,836 200,000 SH   OTR 1,2 200,000 0 0
PIONEER NAT RES CO COM 723787107 45,232 241,700 SH   OTR 1,2 241,700 0 0
SEMGROUP CORP CL A 81663A105 22,087 336,277 SH   OTR 1,2 336,277 0 0
SPRINT CORP COM SER 1 85207U105 8,731 950,000 SH   OTR 1,2 950,000 0 0
TARGET CORP COM 87612E106 7,866 130,000 SH   OTR 1,2 130,000 0 0
UNITED CONTL HLDGS INC COM 910047109 9,189 205,886 SH   OTR 1,2 205,886 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 36,275 2,089,580 SH   OTR 1,2 2,089,580 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 119,110 3,822,514 SH   OTR 1,2 3,822,514 0 0
ISHARES RUSSELL 2000 ETF 464287655 45,373 390,000 SH Put OTR 1,2 390,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 31,228 356,200 SH Call OTR 1,2 0 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 185,115 2,111,500 SH Put OTR 1,2 2,111,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,024,815 5,480,000 SH Call OTR 1,2 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 254,334 1,360,000 SH Put OTR 1,2 1,360,000 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 2,805 60,000 SH Call OTR 1,2 0 0 0