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
DANAHER CORP COM 235851102 4,741,686 55,400 SH   SOLE   55,400 0 0
DANAHER CORP COM 235851102 980,000 500 SH Put SOLE   500 0 0
NEWS CORP - CLASS B COM 65249B208 526,880 37,000 SH   SOLE   37,000 0 0
WELLS FARGO & CO COM 949746101 438,672 7,800 SH   SOLE   7,800 0 0
BANK OF AMERICA CORP COM 060505104 350,612 20,600 SH   SOLE   20,600 0 0
ASCENA RETAIL GROUP INC COM 04351G101 169,881 10,200 SH   SOLE   10,200 0 0
COMERICA INC-CW18 WTS 200340115 4,078,928 184,400 SH   SOLE   184,400 0 0
MOLYCORP INC COM 608753109 9,050 100,000 SH   SOLE   100,000 0 0
NETEASE INC-ADR COM 64110W102 405,622 2,800 SH   SOLE   2,800 0 0
JPMORGAN CHASE & CO COM 46625H100 481,096 7,100 SH   SOLE   7,100 0 0
ROCK-TENN COMPANY -CL A COM 772739207 14,797,160 245,800 SH   SOLE   245,800 0 0
PNC FINANCIAL SERVICES-CW18 WTS 693475121 5,334,414 185,674 SH   SOLE   185,674 0 0
COMSTOCK RESOURCES INC COM 205768203 43,290 13,000 SH   SOLE   13,000 0 0
CHIMERA INVESTMENT CORP COM 16934Q208 767,760 56,000 SH   SOLE   56,000 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF 464287556 1,918,644 5,200 SH   SOLE   5,200 0 0
TCF FINANCIAL CORP-CW18 WTS 872275128 423,933 144,200 SH   SOLE   144,200 0 0
CAPITAL ONE FINANCIAL C-CW18 WTS 14040H139 1,150,250 25,000 SH   SOLE   25,000 0 0
CALIFORNIA RESOURCES CORP COM 13057Q107 85,164 14,100 SH   SOLE   14,100 0 0
CITIGROUP INC COM 172967424 458,492 8,300 SH   SOLE   8,300 0 0
CTRIP.COM INTERNATIONAL-ADR COM 22943F100 232,384 3,200 SH   SOLE   3,200 0 0
HEALTH CARE SELECT SECTOR ETF 81369Y209 1,673,775 22,500 SH   SOLE   22,500 0 0
URBAN EDGE PROPERTIES COM 91704F104 249,480 12,000 SH   SOLE   12,000 0 0
COMCAST CORP-SPECIAL CL A COM 20030N200 9,290,700 155,000 SH   SOLE   155,000 0 0
INVESCO MORTGAGE CAPITAL COM 46131B100 214,800 15,000 SH   SOLE   15,000 0 0
SANOFI CVR COM 80105N113 53,060 75,800 SH   SOLE   75,800 0 0
TWENTY-FIRST CENTURY FOX - B COM 90130A200 5,574,060 173,000 SH   SOLE   173,000 0 0
ENERGY SELECT SECTOR SPDR ETF 81369Y506 2,758,372 36,700 SH   SOLE   36,700 0 0
JD.COM INC-ADR COM 47215P106 255,750 7,500 SH   SOLE   7,500 0 0
KLX INC COM 482539103 359,659 8,150 SH   SOLE   8,150 0 0
VALLEY NATIONAL BANCORP-CW18 WTS 919794131 18,240 76,000 SH   SOLE   76,000 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102 542,982 6,600 SH   SOLE   6,600 0 0
WEC ENERGY GROUP INC COM 92939U106 1,650,129 36,694 SH   SOLE   36,694 0 0
VISTA OUTDOOR INC COM 928377100 323,280 7,200 SH   SOLE   7,200 0 0
SERVICESOURCE INTERNATIONAL COM 81763U100 56,888 10,400 SH   SOLE   10,400 0 0
SUPERVALU INC COM 868536103 93,844 11,600 SH   SOLE   11,600 0 0
TALEN ENERGY CORP COM 87422J105 178,464 10,400 SH   SOLE   10,400 0 0
BIOSCRIP INC COM 09069N108 67,155 18,500 SH   SOLE   18,500 0 0
GENERAL ELECTRIC CO COM 369604103 4,251,200 160,000 SH   SOLE   160,000 0 0
GENERAL ELECTRIC CO COM 369604103 1,346,250 1,500 SH Put SOLE   1,500 0 0
BAIDU INC - SPON ADR COM 056752108 577,332 2,900 SH   SOLE   2,900 0 0