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
AERCAP HOLDINGS NV SHS N00985106 31,881 1,638,300 SH   SOLE   1,638,300 0 0
ANADARKO PETE CORP COM 032511107 29,757 320,000 SH   SOLE   320,000 0 0
APACHE CORP COM 037411105 44,060 517,500 SH   SOLE   517,500 0 0
AXIALL CORP COM 05463D100 32,877 870,000 SH   SOLE   870,000 0 0
BARRETT BILL CORP COM 06846N104 6,278 250,000 SH Put SOLE   250,000 0 0
BERRY PLASTICS GROUP INC COM 08579W103 23,165 1,160,000 SH   SOLE   1,160,000 0 0
CELANESE CORP DEL COM SER A 150870103 36,425 690,000 SH   SOLE   690,000 0 0
COMCAST CORP NEW CL A SPL 20030N200 44,671 1,030,000 SH   SOLE   1,030,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 48,118 700,000 SH   SOLE   700,000 0 0
D R HORTON INC COM 23331A109 45,806 2,357,500 SH   SOLE   2,357,500 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 52,140 892,500 SH   SOLE   892,500 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 94,714 4,015,000 SH   SOLE   4,015,000 0 0
GAMESTOP CORP NEW CL A 36467W109 88,129 1,775,000 SH   SOLE   1,775,000 0 0
GENERAL MTRS CO COM 37045V100 44,243 1,230,000 SH   SOLE   1,230,000 0 0
GENESEE & WYO INC CL A 371559105 26,822 288,500 SH   SOLE   288,500 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 25,761 1,147,500 SH   SOLE   1,147,500 0 0
HOLLYFRONTIER CORP COM 436106108 60,849 1,445,000 SH   SOLE   1,445,000 0 0
HERCULES OFFSHORE INC COM 427093109 42,635 5,785,000 SH   SOLE   5,785,000 0 0
HORMEL FOODS CORP COM 440452100 39,488 937,500 SH   SOLE   937,500 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 6,093 1,165,000 SH   SOLE   1,165,000 0 0
INTEL CORP COM 458140100 66,640 2,907,500 SH   SOLE   2,907,500 0 0
JETBLUE AIRWAYS CORP COM 477143101 15,361 2,306,500 SH   SOLE   2,306,500 0 0
JETBLUE AIRWAYS CORP DBCV 6.75% 10/15/39 477143AF8 12,879 8,825,000 PRN   SOLE   8,825,000 0 0
JPMORGAN CHASE & CO COM 46625H100 56,601 1,095,000 SH   SOLE   1,095,000 0 0
KINDRED HEALTHCARE INC COM 494580103 23,226 1,729,400 SH   SOLE   1,729,400 0 0
LOGITECH INTL S A SHS H50430232 6,505 735,000 SH   SOLE   735,000 0 0
LOUISIANA PAC CORP COM 546347105 24,274 1,380,000 SH   SOLE   1,380,000 0 0
MACYS INC COM 55616P104 57,333 1,325,000 SH   SOLE   1,325,000 0 0
MARATHON PETE CORP COM 56585A102 59,978 932,500 SH   SOLE   932,500 0 0
MARATHON PETE CORP COM 56585A102 15,212 236,500 SH Call SOLE   236,500 0 0
METLIFE INC COM 59156R108 51,410 1,095,000 SH   SOLE   1,095,000 0 0
MICRON TECHNOLOGY INC COM 595112103 79,794 4,567,500 SH   SOLE   4,567,500 0 0
NVIDIA CORP COM 67066G104 28,786 1,850,000 SH   SOLE   1,850,000 0 0
OLD DOMINION FGHT LINES INC COM 679580100 29,779 647,500 SH   SOLE   647,500 0 0
PBF ENERGY INC CL A 69318G106 41,779 1,861,000 SH   SOLE   1,861,000 0 0
PFIZER INC COM 717081103 47,874 1,667,500 SH   SOLE   1,667,500 0 0
QUANTA SVCS INC COM 74762E102 35,419 1,287,500 SH   SOLE   1,287,500 0 0
RANGE RES CORP COM 75281A109 31,305 412,500 SH   SOLE   412,500 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 34,065 817,500 SH   SOLE   817,500 0 0
REGIONS FINL CORP NEW COM 7591EP100 26,553 2,867,500 SH   SOLE   2,867,500 0 0
SANDISK CORP COM 80004C101 51,327 862,500 SH   SOLE   862,500 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 64,079 1,465,000 SH   SOLE   1,465,000 0 0
SOUTH JERSEY INDS INC COM 838518108 27,533 470,000 SH   SOLE   470,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 52,503 312,500 SH Put SOLE   312,500 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 69,421 1,837,500 SH   SOLE   1,837,500 0 0
TOLL BROTHERS INC COM 889478103 29,998 925,000 SH   SOLE   925,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.00% 07/01/18 874054AD1 16,170 14,600,000 PRN   SOLE   14,600,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 15,436 850,000 SH   SOLE   850,000 0 0
UNITED RENTALS INC COM 911363109 43,280 742,500 SH   SOLE   742,500 0 0
US BANCORP DEL COM NEW 902973304 28,350 775,000 SH   SOLE   775,000 0 0
VEECO INSTRS INC DEL COM 922417100 45,532 1,223,000 SH   SOLE   1,223,000 0 0
VEECO INSTRS INC DEL COM 922417100 8,805 236,500 SH Call SOLE   236,500 0 0
WELLPOINT INC COM 94973V107 43,477 520,000 SH   SOLE   520,000 0 0
WESTERN DIGITAL CORP COM 958102105 35,029 552,500 SH   SOLE   552,500 0 0