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
ACTIVISION BLIZZARD INC COM 00507V109 31,193 1,500,000 SH   SOLE 1,500,000 0 0
AEGEAN MARINE PETE NETWORK I NOTE 4.000%11/0 Y0020QAA9 6,411 6,500,000 SH   SOLE 6,500,000 0 0
ASCENA RETAIL GROUP INC COM 04351G101 6,969 518,942 SH   SOLE 518,942 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 21,562 1,254,245 SH   SOLE 1,254,245 0 0
BON-TON STORES INC COM 09776J101 14,134 1,686,662 SH   SOLE 1,686,662 0 0
CBS CORP NEW CL B 124857202 24,399 450,000 SH   SOLE 450,000 0 0
CF INDS HLDGS INC COM 125269100 474 1,702 SH   SOLE 1,702 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 10,652 1,555,017 SH   SOLE 1,555,017 0 0
COMCAST CORP NEW CL A 20030N101 2,706 50,000 SH   SOLE 50,000 0 0
DARLING INGREDIENTS INC COM 237266101 45,350 2,450,000 SH   SOLE 2,450,000 0 0
DISH NETWORK CORP CL A 25470M109 7,459 115,000 SH   SOLE 115,000 0 0
DRYSHIPS INC. NOTE 5.000%12/0 262498AB4 22,692 22,885,000 SH   SOLE 22,885,000 0 0
FOREST OIL CORP COM PAR $0.01 346091705 1,518 1,200,000 SH   SOLE 1,200,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,718 76,910 SH   SOLE 76,910 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 1,109 76,910 SH   SOLE 76,910 0 0
GENERAL MTRS CO COM 37045V100 11,718 367,030 SH   SOLE 367,030 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 18,799 725,000 SH   SOLE 725,000 0 0
HOLOGIC INC COM 436440101 6,113 250,000 SH   SOLE 250,000 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 24,505 725,000 SH   SOLE 725,000 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 4,941 1,350,000 SH   SOLE 1,350,000 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 2,702 65,000 SH   SOLE 65,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 23,629 36,716,920 SH   SOLE 36,716,920 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 8,096 12,132,471 SH   SOLE 12,132,471 0 0
LIFE TIME FITNESS INC COM 53217R207 13,868 273,800 SH   SOLE 273,800 0 0
MACYS INC COM 55616P104 9,618 165,000 SH   SOLE 165,000 0 0
MEDIA GEN INC COM 584404107 2,922 225,000 SH   SOLE 225,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 16,522 750,000 SH   SOLE 750,000 0 0
MONDELEZ INTL INC CL A 609207105 96 696,900 SH Call SOLE 696,900 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 11,023 271,000 SH   SOLE 271,000 0 0
NMI HLDGS INC CL A 629209305 17,282 2,038,000 SH   SOLE 2,038,000 0 0
ORBITZ WORLDWIDE INC COM 68557K109 19,361 2,463,252 SH   SOLE 2,463,252 0 0
PINNACLE ENTMT INC COM 723456109 40,245 1,581,325 SH   SOLE 1,581,325 0 0
SEAWORLD ENTMT INC COM 81282V100 7,740 400,000 SH   SOLE 400,000 0 0
SUNEDISON INC COM 86732Y109 17,285 900,000 SH   SOLE 900,000 0 0
TIME WARNER CABLE INC COM 88732J207 15,164 105,000 SH   SOLE 105,000 0 0
TRI POINTE HOMES INC COM 87265H109 21,879 1,700,000 SH   SOLE 1,700,000 0 0
UNITED STATES CELLULAR CORP COM 911684108 2,635 75,000 SH   SOLE 75,000 0 0
VMWARE INC CL A COM 928563402 13,049 140,000 SH   SOLE 140,000 0 0