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 HLDG CORP COM 001547108 672 300,000 SH   SOLE   300,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 436 23,000 SH   SOLE   23,000 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 7,430 8,000,000 PRN   SOLE   8,000,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 1,161 275,000 SH   SOLE   275,000 0 0
BROADSOFT INC NOTE 1.500% 7/0 11133BAB8 2,193 2,000,000 PRN   SOLE   2,000,000 0 0
CATERPILLAR INC DEL COM 149123101 1,359 20,000 SH   SOLE   20,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 1,876 2,000,000 PRN   SOLE   2,000,000 0 0
CENTURYLINK INC COM 156700106 302 12,000 SH   SOLE   12,000 0 0
COBALT INTL ENERGY INC COM 19075F106 3,240 600,000 SH   SOLE   600,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 3,994 7,000,000 PRN   SOLE   7,000,000 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 560 20,000 SH   SOLE   20,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 754 111,300 SH   SOLE   111,300 0 0
INVENSENSE INC NOTE 1.750%11/0 46123DAB2 4,684 5,000,000 PRN   SOLE   5,000,000 0 0
KB HOME COM 48666K109 370 30,000 SH   SOLE   30,000 0 0
LINEAR TECHNOLOGY CORP COM 535678106 425 10,000 SH   SOLE   10,000 0 0
MBIA INC COM 55262C100 4,050 625,000 SH   SOLE   625,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 1,704 75,000 SH   SOLE   75,000 0 0
MERITAGE HOMES CORP NOTE 1.875% 9/1 59001AAR3 16,281 16,529,000 PRN   SOLE   16,529,000 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 8,717 17,500,000 PRN   SOLE   17,500,000 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 5,047 5,000,000 PRN   SOLE   5,000,000 0 0
PHH CORP COM NEW 693320202 405 25,000 SH   SOLE   25,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 215 50,000 SH   SOLE   50,000 0 0
PRICELINE GRP INC NOTE 1.000% 3/1 741503AQ9 7,134 5,000,000 PRN   SOLE   5,000,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.375%10/1 74348TAK8 7,195 7,259,000 PRN   SOLE   7,259,000 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 8,994 10,000,000 PRN   SOLE   10,000,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 158 1,400,000 SH   SOLE   1,400,000 0 0
SERVICESOURCE INTL LLC NOTE 1.500% 8/0 81763UAB6 2,136 2,500,000 PRN   SOLE   2,500,000 0 0
SINA CORP NOTE 1.000%12/0 82922RAD5 7,083 7,293,000 PRN   SOLE   7,293,000 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 1,350 1,394,000 PRN   SOLE   1,394,000 0 0
SYNCHRONOSS TECHNOLOGIES INC NOTE 0.750% 8/1 87157BAA1 2,020 2,000,000 PRN   SOLE   2,000,000 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 17,769 9,000,000 PRN   SOLE   9,000,000 0 0
TOLL BROTHERS INC COM 889478103 333 10,000 SH   SOLE   10,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 4,272 5,000,000 PRN   SOLE   5,000,000 0 0
UNITED CONTL HLDGS INC COM 910047109 2,579 45,000 SH   SOLE   45,000 0 0
UNITED STATES STL CORP NEW COM 912909108 439 55,000 SH   SOLE   55,000 0 0
WEB COM GROUP INC NOTE 1.000% 8/1 94733AAA2 4,694 5,000,000 PRN   SOLE   5,000,000 0 0
WEBMD HEALTH CORP COM 94770V102 283 5,859 SH   SOLE   5,859 0 0
YY INC ADS REPCOM CLA 98426T106 3,748 60,000 SH   SOLE   60,000 0 0
YY INC NOTE 2.250% 4/0 98426TAB2 9,191 9,500,000 PRN   SOLE   9,500,000 0 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 5,209 6,000,000 PRN   SOLE   6,000,000 0 0
YELP INC CL A 985817105 1,296 45,000 SH   SOLE   45,000 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 1,720 205,000 SH   SOLE   205,000 0 0
SEADRILL LIMITED SHS G7945E105 4,246 1,252,500 SH   SOLE   1,252,500 0 0
AK STL HLDG CORP COM 001547108 32 500,000 SH Call SOLE   500,000 0 0
COBALT INTL ENERGY INC COM 19075F106 2 41,100 SH Call SOLE   41,100 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 26 300,000 SH Call SOLE   300,000 0 0
TECK RESOURCES LTD CL B 878742204 12 200,000 SH Call SOLE   200,000 0 0
SEADRILL LIMITED SHS G7945E105 9 370,000 SH Call SOLE   370,000 0 0
THE ADT CORPORATION COM 00101J106 227 375,700 SH Put SOLE   375,700 0 0
ADOBE SYS INC COM 00724F101 153 816,200 SH Put SOLE   816,200 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 268 653,000 SH Put SOLE   653,000 0 0
ALLY FINL INC COM 02005N100 1,131 882,800 SH Put SOLE   882,800 0 0
AMAZON COM INC COM 023135106 357 35,000 SH Put SOLE   35,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,873 888,200 SH Put SOLE   888,200 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 480 443,700 SH Put SOLE   443,700 0 0
APPLE INC COM 037833100 4 200,000 SH Put SOLE   200,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 3,134 2,683,900 SH Put SOLE   2,683,900 0 0
ASHLAND INC NEW COM 044209104 60 145,000 SH Put SOLE   145,000 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 46 41,600 SH Put SOLE   41,600 0 0
CBS CORP NEW CL B 124857202 73 329,700 SH Put SOLE   329,700 0 0
CIT GROUP INC COM NEW 125581801 1,310 1,042,200 SH Put SOLE   1,042,200 0 0
CATERPILLAR INC DEL COM 149123101 535 200,000 SH Put SOLE   200,000 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 32 55,000 SH Put SOLE   55,000 0 0
CENTURYLINK INC COM 156700106 1,802 762,100 SH Put SOLE   762,100 0 0
CHESAPEAKE ENERGY CORP COM 165167107 11,003 3,834,700 SH Put SOLE   3,834,700 0 0
CLIFFS NAT RES INC COM 18683K101 2,999 1,994,600 SH Put SOLE   1,994,600 0 0
COBALT INTL ENERGY INC COM 19075F106 6,868 1,845,700 SH Put SOLE   1,845,700 0 0
CONSTELLATION BRANDS INC CL A 21036P108 141 551,200 SH Put SOLE   551,200 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 160 160,200 SH Put SOLE   160,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 302 183,400 SH Put SOLE   183,400 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 277 1,209,500 SH Put SOLE   1,209,500 0 0
FACEBOOK INC CL A 30303M102 51 1,616,600 SH Put SOLE   1,616,600 0 0
58 COM INC SPON ADR REP A 31680Q104 40 100,000 SH Put SOLE   100,000 0 0
FIRST DATA CORP NEW COM CL A 32008D106 1,186 912,500 SH Put SOLE   912,500 0 0
FREEPORT-MCMORAN INC CL B 35671D857 2,441 2,525,300 SH Put SOLE   2,525,300 0 0
GRACE W R & CO DEL NEW COM 38388F108 84 80,000 SH Put SOLE   80,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 2,071 465,300 SH Put SOLE   465,300 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 80 40,000 SH Put SOLE   40,000 0 0
INTEROIL CORP COM 460951106 138 1,230,000 SH Put SOLE   1,230,000 0 0
INVENSENSE INC COM 46123D205 436 757,500 SH Put SOLE   757,500 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 4 25,000 SH Put SOLE   25,000 0 0
KB HOME COM 48666K109 970 900,100 SH Put SOLE   900,100 0 0
KROGER CO COM 501044101 48 270,000 SH Put SOLE   270,000 0 0
L BRANDS INC COM 501797104 37 58,500 SH Put SOLE   58,500 0 0
LENNAR CORP CL A 526057104 100 172,400 SH Put SOLE   172,400 0 0
LINEAR TECHNOLOGY CORP COM 535678106 13 122,100 SH Put SOLE   122,100 0 0
MBIA INC COM 55262C100 1,724 674,400 SH Put SOLE   674,400 0 0
MGM RESORTS INTERNATIONAL COM 552953101 511 1,960,400 SH Put SOLE   1,960,400 0 0
MCDONALDS CORP COM 580135101 27 298,000 SH Put SOLE   298,000 0 0
MELCO CROWN ENTMT LTD ADR 585464100 213 500,000 SH Put SOLE   500,000 0 0
MERITAGE HOMES CORP COM 59001A102 736 479,200 SH Put SOLE   479,200 0 0
MICRON TECHNOLOGY INC COM 595112103 20 1,980,700 SH Put SOLE   1,980,700 0 0
MONDELEZ INTL INC CL A 609207105 190 572,900 SH Put SOLE   572,900 0 0
NAVISTAR INTL CORP NEW COM 63934E108 10,925 3,063,600 SH Put SOLE   3,063,600 0 0
NETFLIX INC COM 64110L106 326 2,750,000 SH Put SOLE   2,750,000 0 0
NIKE INC CL B 654106103 97 222,800 SH Put SOLE   222,800 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 152 523,500 SH Put SOLE   523,500 0 0
PHH CORP COM NEW 693320202 244 117,000 SH Put SOLE   117,000 0 0
PALO ALTO NETWORKS INC COM 697435105 208 203,800 SH Put SOLE   203,800 0 0
PENNEY J C INC COM 708160106 6,265 5,672,000 SH Put SOLE   5,672,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,699 4,587,500 SH Put SOLE   4,587,500 0 0
PRICELINE GRP INC COM NEW 741503403 49 18,500 SH Put SOLE   18,500 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 963 1,750,000 SH Put SOLE   1,750,000 0 0
REALOGY HLDGS CORP COM 75605Y106 6 20,000 SH Put SOLE   20,000 0 0
SALESFORCE COM INC COM 79466L302 64 233,800 SH Put SOLE   233,800 0 0
SOLARCITY CORP COM 83416T100 483 100,200 SH Put SOLE   100,200 0 0
SOTHEBYS COM 835898107 551 220,800 SH Put SOLE   220,800 0 0
TESORO CORP COM 881609101 61 122,300 SH Put SOLE   122,300 0 0
TESLA MTRS INC COM 88160R101 0 622,600 SH Put SOLE   622,600 0 0
U S G CORP COM NEW 903293405 196 174,400 SH Put SOLE   174,400 0 0
UNDER ARMOUR INC CL A 904311107 289 478,600 SH Put SOLE   478,600 0 0
UNITED CONTL HLDGS INC COM 910047109 2,773 845,700 SH Put SOLE   845,700 0 0
UNITED STATES STL CORP NEW COM 912909108 13,488 3,622,600 SH Put SOLE   3,622,600 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,492 508,500 SH Put SOLE   508,500 0 0
VEREIT INC COM 92339V100 601 1,812,200 SH Put SOLE   1,812,200 0 0
VISA INC COM CL A 92826C839 30 742,000 SH Put SOLE   742,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 52 189,900 SH Put SOLE   189,900 0 0
WEBMD HEALTH CORP COM 94770V102 17 210,500 SH Put SOLE   210,500 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 97 3,503,100 SH Put SOLE   3,503,100 0 0
WORKDAY INC CL A 98138H101 113 43,600 SH Put SOLE   43,600 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 184 68,500 SH Put SOLE   68,500 0 0
YY INC ADS REPCOM CLA 98426T106 390 951,000 SH Put SOLE   951,000 0 0
YAHOO INC COM 984332106 9 686,200 SH Put SOLE   686,200 0 0
YELP INC CL A 985817105 336 150,000 SH Put SOLE   150,000 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 36 34,800 SH Put SOLE   34,800 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 850 169,100 SH Put SOLE   169,100 0 0
SEADRILL LIMITED SHS G7945E105 28,339 4,765,800 SH Put SOLE   4,765,800 0 0
SINA CORP ORD G81477104 275 484,100 SH Put SOLE   484,100 0 0
YANDEX N V SHS CLASS A N97284108 661 850,300 SH Put SOLE   850,300 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 24 25,000 SH Put SOLE   25,000 0 0