13F-HR 1 perry_13f-093005.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2005 ------------------ Check here if Amendment [ ]; Amendment Number: ----------------------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Perry Corp. Address: 767 Fifth Avenue New York, New York 10153 Form 13F File Number: 28-4106 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael C. Neus Title: General Counsel Phone: (212) 583-4000 Signature, Place, and Date of Signing: /s/ Michael C. Neus New York, NY November 14, 2005 ------------------------- ------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: 1. Richard C. Perry I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Form 13F Summary Page Report Summary: Number of Other Included Managers: 1 ---------- Form 13F Information Table Entry Total: 226 ---------- Form 13F Information Table Value Total: $9,952,890 ---------- (thousands) List of Other Included Managers: 1. Richard C. Perry See attached schedule. Perry Corp. Form 13F Information Table Quarter Ended September 30, 2005
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1,000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE -------------- -------- ----- --------- ------- --- ---- ------- -------- ---- ------ ---- ----------------------------------------------------------------------------------------------------------------------------------- 1-800 Contacts Com 681977104 28,892 1,545,000 SH Shared 1 0 1,545,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Aames Investment Corp Com 00253G108 15,292 2,435,000 SH Shared 1 0 2,435,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Abercrombie & Fitch Co Com 002896207 45,653 915,800 SH Shared 1 0 915,800 0 ----------------------------------------------------------------------------------------------------------------------------------- ABX Air Inc. Com 00080S101 19,856 2,424,400 SH Shared 1 0 2,424,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Accredited Home Lenders Com 00437P107 58,876 1,675,000 SH Shared 1 0 1,675,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Advance America Cash Advance Centers Inc Com 00739W107 31,800 2,400,000 SH Shared 1 0 2,400,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Affordable Residential Communities Com 008273104 35,064 3,468,200 SH Shared 1 0 3,468,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Allegheny Energy Inc Com 017361106 61,440 2,000,000 SH Shared 1 0 2,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Allegheny Technologies Inc Com 01741R102 166,129 5,362,454 SH Shared 1 0 5,362,454 0 ----------------------------------------------------------------------------------------------------------------------------------- Alliant Energy Corp Com 018802108 13,146 451,300 SH Shared 1 0 451,300 0 ----------------------------------------------------------------------------------------------------------------------------------- Allied Healthcare International Inc. Com 01923A109 4,674 827,200 SH Shared 1 0 827,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Allmerica Financial Corp Com 019754100 2,156 52,400 SH Shared 1 0 52,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Allstate Corp Com 020002101 53,631 970,000 SH Shared 1 0 970,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Amedisys Com 023436108 74,820 1,870,500 SH Put Shared 1 0 1,870,500 0 ----------------------------------------------------------------------------------------------------------------------------------- American International Group Com 026874107 29,942 483,252 SH Shared 1 0 483,252 0 ----------------------------------------------------------------------------------------------------------------------------------- Amerada Hess Corp. Com 023551104 68,750 500,000 SH Shared 1 0 500,000 0 ----------------------------------------------------------------------------------------------------------------------------------- American Express Com 025816109 3,092 61,637 SH Shared 1 0 61,637 0 ----------------------------------------------------------------------------------------------------------------------------------- Ameriprise Financial Inc Com 03076C106 441 12,327 SH Shared 1 0 12,327 0 ----------------------------------------------------------------------------------------------------------------------------------- Ameritrade Com 03074K100 18,270 851,329 SH Shared 1 0 851,329 0 ----------------------------------------------------------------------------------------------------------------------------------- AMN Healthcare Services Com 001744101 10,829 700,000 SH Shared 1 0 700,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Aquila Inc Com 03840P102 59,368 14,992,000 SH Shared 1 0 14,992,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Aracruz Celulose Sponsored SA-ADR ADR 038496204 44,638 1,100,000 SH Shared 1 0 1,100,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Arena Pharmaceuticals Inc.Com 040047102 28,338 2,871,096 SH Shared 1 0 2,871,096 0 ----------------------------------------------------------------------------------------------------------------------------------- Aspen Technology Inc Com 045327103 19,333 3,113,267 SH Shared 1 0 3,113,267 0 ----------------------------------------------------------------------------------------------------------------------------------- ATI Technologies Com 001941103 2,786 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Atmel Corp Com 049513104 2,956 1,435,000 SH Shared 1 0 1,435,000 0 ----------------------------------------------------------------------------------------------------------------------------------- ATS Med Inc Com 002083103 1,113 300,000 SH Shared 1 0 300,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Avon Products Com 054303102 4,463 105,000 SH Put Shared 1 0 105,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Bio-Imaging Technologies Inc Com 09056N103 4,809 1,571,410 SH Shared 1 0 1,571,410 0 ----------------------------------------------------------------------------------------------------------------------------------- Borg-Warner Automotive Com 099724106 22,302 395,000 SH Shared 1 0 395,000 0 ----------------------------------------------------------------------------------------------------------------------------------- BP Amoco Plc Sponsored ADR 055622104 13,951 196,914 SH Shared 1 0 196,914 0 ----------------------------------------------------------------------------------------------------------------------------------- Burlington Northern Com 12189T104 4,730 79,100 SH Shared 1 0 79,100 0 ----------------------------------------------------------------------------------------------------------------------------------- Cablevision Systems Corp. Com 12686C109 9,201 300,000 SH Shared 1 0 300,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Carpenter Technology Com 144285103 35,166 600,000 SH Shared 1 0 600,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Ceres Group Inc Com 156772105 14,967 2,663,085 SH Shared 1 0 2,663,085 0 ----------------------------------------------------------------------------------------------------------------------------------- Cerner Corp Com 156782104 4,343 50,000 SH Shared 1 0 50,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Cerner Corp Com 156782104 27,825 505,900 SH Put Shared 1 0 505,900 0 ----------------------------------------------------------------------------------------------------------------------------------- CF Industries Holdings Com 125269100 2,615 176,600 SH Shared 1 0 176,600 0 ----------------------------------------------------------------------------------------------------------------------------------- Charles River Labs International Inc Com 159864107 61,068 1,400,000 SH Shared 1 0 1,400,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Chemed Corp Com 16359R103 82,346 1,900,000 SH Shared 1 0 1,900,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Chemtura Corp. Com 163893100 46,575 3,750,000 SH Shared 1 0 3,750,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Cheniere Energy Inc.Com 16411R208 136,877 3,309,400 SH Shared 1 0 3,309,400 0 ----------------------------------------------------------------------------------------------------------------------------------- China Medical Sponsored A169483104 41,979 1,907,270 SH Shared 1 0 1,907,270 0 ----------------------------------------------------------------------------------------------------------------------------------- Cholestech Corp Com 170393102 4,754 471,590 SH Shared 1 0 471,590 0 ----------------------------------------------------------------------------------------------------------------------------------- Circuit City Stores Com 172737108 87,090 5,075,200 SH Shared 1 0 5,075,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Cisco Systems Com 17275R102 96,983 5,412,000 SH Shared 1 0 5,412,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Citizens Communications Com 17453B101 29,615 2,185,600 SH Shared 1 0 2,185,600 0 ----------------------------------------------------------------------------------------------------------------------------------- CKX Inc. Com 12562M106 38,475 3,075,538 SH Shared 1 0 3,075,538 0 ----------------------------------------------------------------------------------------------------------------------------------- Clear Channel Communications Com 184502102 75,324 2,290,189 SH Shared 1 0 2,290,189 0 ----------------------------------------------------------------------------------------------------------------------------------- Clear Channel Communications Com 184502102 60,000 2,000,000 SH Call Shared 1 0 2,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- CMS Energy Corp Com 125896100 5,384 327,300 SH Shared 1 0 327,300 0 ----------------------------------------------------------------------------------------------------------------------------------- Coldwater Creek Inc.Com 193068103 14,376 570,924 SH Shared 1 0 570,924 0 ----------------------------------------------------------------------------------------------------------------------------------- Columbia Labs Com 197779101 14,408 3,832,000 SH Shared 1 0 3,832,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Comcast Corp Com 20030N200 308,666 10,725,000 SH Shared 1 0 10,725,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Constellation Energy Com 210371100 141,046 2,289,700 SH Shared 1 0 2,289,700 0 ----------------------------------------------------------------------------------------------------------------------------------- Constellation Energy Com 210371100 30,600 510,000 SH Call Shared 1 0 510,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Cooper Cameron Com 216640102 770 10,409 SH Shared 1 0 10,409 0 ----------------------------------------------------------------------------------------------------------------------------------- Costco Wholesale Com 22160K105 129,975 3,019,873 SH Shared 1 0 3,019,873 0 ----------------------------------------------------------------------------------------------------------------------------------- Countrywide Financial Corp Com 222372104 162,422 4,924,874 SH Shared 1 0 4,924,874 0 ----------------------------------------------------------------------------------------------------------------------------------- Countrywide Financial Corp Com 222372104 114,334 3,302,400 SH Call Shared 1 0 3,302,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Covansys Corp. Com 22281W103 25,312 1,586,946 SH Shared 1 0 1,586,946 0 ----------------------------------------------------------------------------------------------------------------------------------- Citigroup Com 172967101 238 5,232 SH Shared 1 0 5,232 0 ----------------------------------------------------------------------------------------------------------------------------------- Csg Systems International Com 126349109 11,691 538,500 SH Shared 1 0 538,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Cumulus Media Inc Com 231082108 8,430 676,581 SH Shared 1 0 676,581 0 ----------------------------------------------------------------------------------------------------------------------------------- Delta Petroleum Corp Com 247907207 518 25,000 SH Shared 1 0 25,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Diamond Trust Series 1 Unit Ser 1 252787106 85,889 761,286 SH Shared 1 0 761,286 0 ----------------------------------------------------------------------------------------------------------------------------------- Digirad Corporation Com 253827109 11,072 2,297,100 SH Shared 1 0 2,297,100 0 ----------------------------------------------------------------------------------------------------------------------------------- Disney Walt Co Com 254687106 15,000 500,000 SH Put Shared 1 0 500,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Dobson Communications Corp Com 256069105 44,486 5,800,000 SH Shared 1 0 5,800,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Dresser-Rand Group Inc Com 261608103 15,635 634,800 SH Shared 1 0 634,800 0 ----------------------------------------------------------------------------------------------------------------------------------- DSW Inc Com 23334L102 4,770 225,000 SH Shared 1 0 225,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Ebay Com 278642103 226,339 5,495,000 SH Shared 1 0 5,495,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Eclipsys Corp Com 278856109 24,315 1,363,731 SH Shared 1 0 1,363,731 0 ----------------------------------------------------------------------------------------------------------------------------------- Electronic Arts Com 285512109 45,500 700,000 SH Put Shared 1 0 700,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Emc Corp Com 268648102 53,222 4,113,000 SH Shared 1 0 4,113,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Endurance Specialty Holdings Com G30397106 227,675 6,881,170 SH Shared 1 0 6,881,170 0 ----------------------------------------------------------------------------------------------------------------------------------- Endwave Corporation Com 29264A206 650 50,000 SH Shared 1 0 50,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Entercom Communications Corp Com 293639100 28,542 903,500 SH Shared 1 0 903,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Enterprise GP Holdings LP Com 293716106 2,386 68,400 SH Shared 1 0 68,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Exelon Corp Com 30161N101 5,344 100,000 SH Shared 1 0 100,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Express Scripts Inc Com 302182100 56,597 1,125,400 SH Put Shared 1 0 1,125,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Fidelity National Financial Com 316326107 88,144 1,979,876 SH Shared 1 0 1,979,876 0 ----------------------------------------------------------------------------------------------------------------------------------- Fisher Scientific International Com 338032204 65,941 1,062,700 SH Shared 1 0 1,062,700 0 ----------------------------------------------------------------------------------------------------------------------------------- Fleetwood Enterprises Com 339099103 49,200 4,000,000 SH Shared 1 0 4,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Forest Oil Corporation Com 346091705 36,470 700,000 SH Shared 1 0 700,000 0 ----------------------------------------------------------------------------------------------------------------------------------- FPL Group Com 302571104 7,606 159,789 SH Shared 1 0 159,789 0 ----------------------------------------------------------------------------------------------------------------------------------- Geac Computer Corp Ltd Com 368289104 6,314 675,300 SH Shared 1 0 675,300 0 ----------------------------------------------------------------------------------------------------------------------------------- General Dynamics Com 369550108 47,616 398,297 SH Shared 1 0 398,297 0 ----------------------------------------------------------------------------------------------------------------------------------- General Motors Com 370442105 24,375 750,000 SH Call Shared 1 0 750,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Gentiva Health Services Com 37247A102 29,412 1,625,873 SH Shared 1 0 1,625,873 0 ----------------------------------------------------------------------------------------------------------------------------------- Georgia Gulf Corp Com 373200203 14,448 600,000 SH Shared 1 0 600,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Goodyear Tire Com 382550101 10,913 700,000 SH Shared 1 0 700,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Google Inc. Com 38259P508 30,000 100,000 SH Put Shared 1 0 100,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Grace WR & Co Com 38388F108 8,950 1,000,000 SH Shared 1 0 1,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Greene County Bancshares Com 394361208 2,590 100,000 SH Shared 1 0 100,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Harbor Global Com G4285W100 5,017 557,389 SH Shared 1 0 557,389 0 ----------------------------------------------------------------------------------------------------------------------------------- Hayes Lemmerz International Inc. Com 420781304 11,266 2,514,800 SH Shared 1 0 2,514,800 0 ----------------------------------------------------------------------------------------------------------------------------------- Healthtronics Inc Com 42222L107 11,691 1,175,000 SH Shared 1 0 1,175,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Hexcel Corp Com 428291108 24,692 1,350,000 SH Shared 1 0 1,350,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Hollinger International Inc. Com 435569108 19,600 2,000,000 SH Shared 1 0 2,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Holly Energy Partners Com 435763107 14,547 350,000 SH Shared 1 0 350,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Hudson City Savings Bank Com 443683107 17,767 1,493,025 SH Shared 1 0 1,493,025 0 ----------------------------------------------------------------------------------------------------------------------------------- Hudson Highland Group Com 443792106 40,983 1,643,907 SH Shared 1 0 1,643,907 0 ----------------------------------------------------------------------------------------------------------------------------------- Hypercom Corp Com 44913M105 29,571 4,535,400 SH Shared 1 0 4,535,400 0 ----------------------------------------------------------------------------------------------------------------------------------- IBM Com 459200101 66,101 824,000 SH Shared 1 0 824,000 0 ----------------------------------------------------------------------------------------------------------------------------------- IDX Systems Corp. Com 449491109 52,981 1,226,988 SH Shared 1 0 1,226,988 0 ----------------------------------------------------------------------------------------------------------------------------------- Ims Health Inc. Com 449934108 75,510 3,000,000 SH Shared 1 0 3,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Integrated Device Technology Com 458118106 73,801 6,878,000 SH Shared 1 0 6,878,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Intermix Media Com 45881X106 24,232 2,026,100 SH Shared 1 0 2,026,100 0 ----------------------------------------------------------------------------------------------------------------------------------- Intrabiotics Pharmaceuticals Com 46116T506 5,895 1,610,530 SH Shared 1 0 1,610,530 0 ----------------------------------------------------------------------------------------------------------------------------------- Inverness Medical Com 46126P106 42,802 1,613,341 SH Shared 1 0 1,613,341 0 ----------------------------------------------------------------------------------------------------------------------------------- Invitrogen Inc. Com 46185R100 27,266 362,480 SH Shared 1 0 362,480 0 ----------------------------------------------------------------------------------------------------------------------------------- IPC Holdings Ltd. Com G4933P101 14,860 457,500 SH Shared 1 0 457,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Ishares Russell Russell 2000 200 464287655 103,500 1,500,000 SH Put Shared 1 0 1,500,000 0 ----------------------------------------------------------------------------------------------------------------------------------- I-trax Inc. Com 45069D203 2,400 1,889,500 SH Shared 1 0 1,889,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Johnson & Johnson Com 478160104 92,478 1,461,412 SH Shared 1 0 1,461,412 0 ----------------------------------------------------------------------------------------------------------------------------------- Kindred Healthcare Inc Com 494580103 39,375 1,321,300 SH Shared 1 0 1,321,300 0 ----------------------------------------------------------------------------------------------------------------------------------- KKR Financial Corp Com 482476306 15,568 700,000 SH Shared 1 0 700,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Legg Mason Inc Com 524901105 81,171 740,000 SH Shared 1 0 740,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Magma Design Com 559181102 10,846 1,340,700 SH Shared 1 0 1,340,700 0 ----------------------------------------------------------------------------------------------------------------------------------- Magna Entertainment Corp Com 559211107 14,819 2,225,000 SH Shared 1 0 2,225,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Management Network Group Inc. Com 561693102 855 330,200 SH Shared 1 0 330,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Mercury Interactive Com 589405109 25,936 655,620 SH Shared 1 0 655,620 0 ----------------------------------------------------------------------------------------------------------------------------------- Mettler-Toledo International Com 592688105 14,351 281,500 SH Shared 1 0 281,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Microsoft Corp Com 594918104 319,664 12,428,600 SH Shared 1 0 2,428,600 0 ----------------------------------------------------------------------------------------------------------------------------------- MI Developments Com 55304X104 39,444 1,168,700 SH Shared 1 0 1,168,700 0 ----------------------------------------------------------------------------------------------------------------------------------- Millipore Corp Com 601073109 23,383 371,800 SH Shared 1 0 371,800 0 ----------------------------------------------------------------------------------------------------------------------------------- Mittal Steel NY REG SH Company CL A 60684P101 14,400 500,000 SH Shared 1 0 500,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Monogram Biosciences Inc Com 60975U108 57,024 24,474,000 SH Shared 1 0 24,474,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Moody's Corp Com 615369105 85,000 2,000,000 SH Put Shared 1 0 2,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- MSC.Software Corp Com 553531104 24,794 1,587,300 SH Shared 1 0 1,587,300 0 ----------------------------------------------------------------------------------------------------------------------------------- M-Systems Flash Disk Pioneer Com M7061C100 23,928 800,000 SH Shared 1 0 800,000 0 ----------------------------------------------------------------------------------------------------------------------------------- MWI Veterinary Supply Com 55402X105 5,071 252,900 SH Shared 1 0 252,900 0 ----------------------------------------------------------------------------------------------------------------------------------- Nasdaq Stock Market Com 631103108 25,340 1,000,000 SH Shared 1 0 1,000,000 0 ------------------------------------------------------------------------------------------------------------------------------------ National Atlantic Holdings Com 63253Y107 2,523 217,500 SH Shared 1 0 217,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Nations Health Com 63860C100 1,550 195,000 SH Shared 1 0 195,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Nations Health *W Exp 08/2 63860C118 1,180 400,000 SH Shared 1 0 400,000 0 ----------------------------------------------------------------------------------------------------------------------------------- New Century Financial Corp Com 6435EV108 18,842 519,498 SH Shared 1 0 519,498 0 ----------------------------------------------------------------------------------------------------------------------------------- News Corp Cl A 65248E104 354,066 22,711,076 SH Shared 1 0 22,711,076 0 ----------------------------------------------------------------------------------------------------------------------------------- News Corp Cl B 65248E203 18,990 1,150,900 SH Shared 1 0 1,150,900 0 ----------------------------------------------------------------------------------------------------------------------------------- Nike Inc. Com 654106103 24,504 300,000 SH Shared 1 0 300,000 0 ----------------------------------------------------------------------------------------------------------------------------------- NRG Energy Inc. Com 629377508 141,283 3,316,500 SH Shared 1 0 3,316,500 0 ----------------------------------------------------------------------------------------------------------------------------------- NRG Energy Inc. Com 629377508 10,000 250,000 SH Call Shared 1 0 250,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Ntl Inc. Com 62940M104 50,025 750,000 SH Shared 1 0 750,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Ntl Inc. *W Exp 01/1 62940M138 11 17,349 SH Shared 1 0 17,349 0 ----------------------------------------------------------------------------------------------------------------------------------- Nextel Partners Inc Com 65333F107 5,020 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Ocwen Financial Corp Com 675746101 25,256 3,639,200 SH Shared 1 0 3,639,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Office Depot Com 676220106 91,031 3,065,000 SH Shared 1 0 3,065,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Omnicell Com 68213N109 26,053 2,677,609 SH Shared 1 0 2,677,609 0 ----------------------------------------------------------------------------------------------------------------------------------- Orient Express Hotels Com G67743107 22,290 784,300 SH Shared 1 0 784,300 0 ----------------------------------------------------------------------------------------------------------------------------------- Origen Financial Inc. Com 68619E208 4,216 560,699 SH Shared 1 0 560,699 0 ----------------------------------------------------------------------------------------------------------------------------------- PainCare Holdings Inc Com 69562E104 2,250 600,000 SH Shared 1 0 600,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Parexel International Com 699462107 56,685 2,822,970 SH Shared 1 0 2,822,970 0 ----------------------------------------------------------------------------------------------------------------------------------- Patterson Dental Company Com 703395103 108,046 2,702,500 SH Shared 1 0 2,702,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Paxar Corp Com 704227107 14,323 850,000 SH Shared 1 0 850,000 0 ----------------------------------------------------------------------------------------------------------------------------------- PDI, Inc Com 69329V100 28,951 1,888,522 SH Shared 1 0 1,888,522 0 ----------------------------------------------------------------------------------------------------------------------------------- Pegasystems Inc Com 705573103 12,313 2,069,338 SH Shared 1 0 2,069,338 0 ----------------------------------------------------------------------------------------------------------------------------------- PlanetOut Inc Com 727058109 2,103 250,000 SH Shared 1 0 250,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Plains Exploration & Production Co Com 726505100 42,940 1,002,800 SH Shared 1 0 1,002,800 0 ----------------------------------------------------------------------------------------------------------------------------------- Platinum Underwriters Holdings Com G7127P100 114,778 3,840,000 SH Shared 1 0 3,840,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Procter & Gamble Com 742718109 45,309 762,000 SH Shared 1 0 762,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Progressive Corp Com 743315103 4,845 57,000 SH Put Shared 1 0 57,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Quanta Capital Holdings LTD Com G7313F106 1,347 225,200 SH Shared 1 0 225,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Questar Corp Com 748356102 17,624 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Realnetworks Com 75605L104 26,363 4,625,000 SH Shared 1 0 4,625,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Refco Inc Com 75866G109 13,086 462,900 SH Shared 1 0 462,900 0 ----------------------------------------------------------------------------------------------------------------------------------- Res-Care Inc Com 760943100 4,308 281,190 SH Shared 1 0 281,190 0 ----------------------------------------------------------------------------------------------------------------------------------- Research In Motion Ltd Com 760975102 68,270 1,000,000 SH Shared 1 0 1,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Retail Ventures Com 76128Y102 4,118 375,000 SH Shared 1 0 375,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Salomon Brothers Fund Inc Com 795477108 704 50,000 SH Shared 1 0 50,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Scottish RE Group Ltd Com G7885T104 4,193 175,900 SH Shared 1 0 175,900 0 ----------------------------------------------------------------------------------------------------------------------------------- Seachange International Inc Com 811699107 852 134,000 SH Shared 1 0 134,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sears Holdings Corp Com 812350106 334,939 2,692,000 SH Shared 1 0 2,692,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Senomyx Inc Com 81724Q107 56,913 3,343,917 SH Shared 1 0 3,343,917 0 ----------------------------------------------------------------------------------------------------------------------------------- Sigma Designs Inc Com 826565103 1,644 150,000 SH Shared 1 0 150,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sina Corp Com G81477104 27,862 1,015,000 SH Shared 1 0 1,015,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sirna Therapeutics Com 829669100 12,684 2,895,900 SH Shared 1 0 2,895,900 0 ----------------------------------------------------------------------------------------------------------------------------------- SK Telecom Co Ltd Sponsored ADR 78440P108 26,612 1,218,500 SH Shared 1 0 1,218,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Smith International Com 832110100 43,303 1,300,000 SH Shared 1 0 1,300,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sonic Innovations Inc Com 83545M109 3,078 701,200 SH Shared 1 0 701,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Sonicwall Inc Com 835470105 4,616 728,000 SH Shared 1 0 728,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Southwest Airlines Co Com 844741108 32,670 2,200,000 SH Shared 1 0 2,200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sprint Nextel Corp Com 852061100 151,439 6,368,355 SH Shared 1 0 6,368,355 0 ----------------------------------------------------------------------------------------------------------------------------------- Staples Com 855030102 4,262 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Sunterra Corp. Com 86787D208 9,915 756,840 SH Shared 1 0 756,840 0 ----------------------------------------------------------------------------------------------------------------------------------- Symmetry Medical Inc Com 871546206 36,102 1,523,300 SH Shared 1 0 1,523,300 0 ----------------------------------------------------------------------------------------------------------------------------------- Synaptics Inc Com 87157D109 188 10,000 SH Shared 1 0 10,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Taylor Capital Group Inc Com 876851106 8,320 220,000 SH Shared 1 0 220,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Temple Inland Com 879868107 90,707 2,220,500 SH Shared 1 0 2,220,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Terex Corp Com 880779103 29,134 589,400 SH Shared 1 0 589,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Terra Industries Inc Com 880915103 28,330 4,260,205 SH Shared 1 0 4,260,205 0 ----------------------------------------------------------------------------------------------------------------------------------- Thermo Electron Corp Com 883556102 6,180 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Time Warner Inc Com 887317105 4,263 235,400 SH Shared 1 0 235,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Torchmark Com 891027104 85,056 1,610,000 SH Shared 1 0 1,610,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Triad Hospitals Inc Com 89579K109 11,318 250,000 SH Shared 1 0 250,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Trident Microsystems Inc Com 895919108 15,900 500,000 SH Shared 1 0 500,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Trimeris Com 896263100 16,481 1,077,896 SH Shared 1 0 1,077,896 0 ----------------------------------------------------------------------------------------------------------------------------------- TRM Corporation Com 872636105 11,632 800,000 SH Shared 1 0 800,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Tyco International Com 902124106 48,125 1,750,000 SH Call Shared 1 0 1,750,000 0 ----------------------------------------------------------------------------------------------------------------------------------- United States Steel Corp Com 912909108 8,470 200,000 SH Shared 1 0 200,000 0 ----------------------------------------------------------------------------------------------------------------------------------- UICI Com 902737105 36,000 1,000,000 SH Shared 1 0 1,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Union Pacific Com 907818108 29,937 417,536 SH Shared 1 0 417,536 0 ----------------------------------------------------------------------------------------------------------------------------------- Universal American Financial Corp Com 913377107 28,210 1,240,000 SH Shared 1 0 1,240,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Valeant Pharmaceuticals Intl Com 91911X104 179,485 8,938,500 SH Shared 1 0 8,938,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Valeant Pharmaceuticals Note 3.000% Intl 08/16/10 91911XAB0 41,803 46,000,000 PRN Shared 1 0 46,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Valeant Pharmaceuticals Note 4.000% Intl 11/15/13 91911XAD6 14,500 16,000,000 PRN Shared 1 0 16,000,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Valeant Pharmaceuticals Intl Com 91911X104 5,000 250,000 SH Call Shared 1 0 250,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Vasco Data Security Int'l Inc Com 92230Y104 13,364 1,475,000 SH Shared 1 0 1,475,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Visteon Corp Com 92839U107 1,248 127,600 SH Shared 1 0 127,600 0 ----------------------------------------------------------------------------------------------------------------------------------- Verisign Inc Com 92343E102 48,447 2,267,050 SH Shared 1 0 2,267,050 0 ----------------------------------------------------------------------------------------------------------------------------------- Verity Inc Com 92343C106 5,825 550,000 SH Shared 1 0 550,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Viacom Inc CL B 925524308 26,408 800,000 SH Shared 1 0 800,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Viropharma Inc Com 928241108 12,994 625,000 SH Shared 1 0 625,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Vistacare Inc Com 92839Y109 40,919 2,831,746 SH Shared 1 0 2,831,746 0 ----------------------------------------------------------------------------------------------------------------------------------- Water Corp Com 941848103 76,581 1,840,900 SH Shared 1 0 1,840,900 0 ----------------------------------------------------------------------------------------------------------------------------------- WebMD Corp Com 94769M105 348,623 31,492,555 SH Shared 1 0 31,492,555 0 ----------------------------------------------------------------------------------------------------------------------------------- Wellcare Group Inc Com 94946T106 84,415 2,278,400 SH Shared 1 0 2,278,400 0 ----------------------------------------------------------------------------------------------------------------------------------- Wellchoice Inc Com 949475107 227,055 2,991,500 SH Shared 1 0 2,991,500 0 ----------------------------------------------------------------------------------------------------------------------------------- Wellpoint Health Network Com 94973V107 257,788 3,400,000 SH Shared 1 0 3,400,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Wells Fargo Com 949746101 53,196 908,240 SH Shared 1 0 908,240 0 ----------------------------------------------------------------------------------------------------------------------------------- Wendy's International Inc Com 950590109 1,355 30,000 SH Shared 1 0 30,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Westcorp Com 957907108 117,977 2,003,000 SH Shared 1 0 2,003,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Williams Cos Inc Com 969457100 149,098 5,952,000 SH Shared 1 0 5,952,000 0 ----------------------------------------------------------------------------------------------------------------------------------- Williams Partners LP Com 96950F104 6,977 214,600 SH Shared 1 0 214,600 0 ----------------------------------------------------------------------------------------------------------------------------------- Xl Cap Ltd Com G98255105 31,784 467,200 SH Shared 1 0 467,200 0 ----------------------------------------------------------------------------------------------------------------------------------- Zoll Medical Corp Com 989922109 11,280 429,870 SH Shared 1 0 429,870 0 -----------------------------------------------------------------------------------------------------------------------------------
REPORT SUMMARY: 226 DATA RECORDS $ 9,952,890 FMV (in thousands)