Highland Capital Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ABBVIE INC	COMMON STOCK	00287Y109	386	7,500	SH		SOLE		0	0	0
ACADIA HEALTHCARE CO INC	COMMON STOCK	00404A109	25,517	565,538	SH		DFND		0	0	0
ACADIA PHARMACEUTICALS INC.	COMMON STOCK	004225108	1,650	67,833	SH		SOLE		0	0	0
ACTAVIS, INC.	COMMON STOCK	G0083B108	11,952	58,060	SH		DFND		0	0	0
ADCARE HEALTH SYSTEMS INC.	COMMON STOCK	00650W300	354	85,194	SH		SOLE		0	0	0
AERCAP HOLDINGS N.V.	COMMON STOCK	N00985106	13,133	311,285	SH		SOLE		0	0	0
AFFILIATED MANAGERS GROUP INC.	COMMON STOCK	008252108	14,500	72,482	SH		SOLE		0	0	0
AKORN, INC.	COMMON STOCK	009728106	300	13,639	SH		SOLE		0	0	0
ALBANY MOLECULAR RESEARCH INC.	COMMON STOCK	012423109	2,947	158,541	SH		DFND		0	0	0
ALIMERA SCIENCES INC	COMMON STOCK	016259103	1,150	145,745	SH		SOLE		0	0	0
ALKERMES INC.	COMMON STOCK	G01767105	2,910	66,000	SH		DFND		0	0	0
ALLEGHENY TECHNOLOGIES, INC.	COMMON STOCK	01741R102	2,634	69,900	SH		SOLE		0	0	0
ALLIANCE DATA SYSTEMS CORPORATION	COMMON STOCK	018581108	49,567	181,932	SH		DFND		0	0	0
AMEDICA CORP	COMMON STOCK	023435100	3,413	453,842	SH		DFND		0	0	0
AMERICAN AIRLINES INC.	EQUITY	02376R102	698	10,977	SH		DFND		0	0	0
AMERICAN INTERNATIONAL GROUP INC.	COMMON STOCK	026874784	10,752	215,000	SH		SOLE		0	0	0
AMR CORP	COMMON STOCK	02376R102	214,024	5,847,652	SH		DFND		0	0	0
AMR CORP	OPTIONS	02376R902	10,800	10,000	SH	Call	DFND		0	0	0
ANIKA THERAPEUTICS INC.	COMMON STOCK	035255108	1,233	30,000	SH		SOLE		0	0	0
AON CORP.	COMMON STOCK	G0408V102	11,428	135,600	SH		DFND		0	0	0
APOLLO GROUP	COMMON STOCK	037604105	1,402	40,950	SH		SOLE		0	0	0
AQUINOX PHARMACEUTICALS INC	COMMON STOCK	03842B101	3,390	266,271	SH		DFND		0	0	0
ARATANA THERAPEUTICS INC	COMMON STOCK	03874P101	4,250	229,004	SH		DFND		0	0	0
ARRIS ENTERPRISES, INC.	COMMON STOCK	04270V106	1,691	60,000	SH		SOLE		0	0	0
ARTHUR J GALLAGHER & CO	COMMON STOCK	363576109	21,854	459,303	SH		SOLE		0	0	0
ARUBA NETWORKS, INC.	COMMON STOCK	043176106	9,617	512,900	SH		SOLE		0	0	0
ATLANTIC POWER CORP-IPS	COMMON STOCK	04878Q863	9,210	3,176,030	SH		DFND		0	0	0
AUTOHOME INC	ADR	05278C107	1,152	30,000	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	EQUITY WARRANTS	060505153	651	721,832	SH		SOLE		0	0	0
BANK UNITED	COMMON STOCK	06652K103	16,592	477,200	SH		SOLE		0	0	0
BE AEROSPACE, INC	COMMON STOCK	073302101	22,683	261,350	SH		SOLE		0	0	0
BIG LOTS INC.	COMMON STOCK	089302103	418	11,050	SH		SOLE		0	0	0
BIOGEN IDEC INC.	COMMON STOCK	09062X103	1,278	4,179	SH		SOLE		0	0	0
BIOSCRIP, INC.	COMMON STOCK	09069N108	1,511	216,494	SH		DFND		0	0	0
BIOVAIL CORP	COMMON STOCK	91911K102	27,219	206,467	SH		SOLE		0	0	0
BLACKROCK BUILD AMERICA BOND	SHS	09248X100	354	17,500	SH		SOLE		0	0	0
BLACKROCK PREFERRED AND EQUI	COMMON STOCK	092508100	352	26,000	SH		SOLE		0	0	0
BRISTOL-MYERS SQUIBB COMPANY	COMMON STOCK	110122108	3,189	61,394	SH		DFND		0	0	0
BROOKDALE SENIOR LIVING INC.	COMMON STOCK	112463104	4,326	129,098	SH		DFND		0	0	0
CANON INC-SPONS ADR	ADR	138006309	6,807	219,150	SH		SOLE		0	0	0
CARDINAL HEALTH INC.	COMMON STOCK	14149Y108	8,065	115,251	SH		DFND		0	0	0
CARE.COM INC	COMMON STOCK	141633107	2,265	136,864	SH		DFND		0	0	0
CASTLIGHT HEALTH INC	COMMON STOCK	14862Q100	3,605	169,906	SH		DFND		0	0	0
CBS CORP	COMMON STOCK	124857202	48,713	788,237	SH		DFND		0	0	0
CEPHEID	COMMON STOCK	15670R107	618	11,991	SH		SOLE		0	0	0
CHARTWELL DIV & INC FUND INC	COMMON STOCK	25538A204	205	13,475	SH		SOLE		0	0	0
CHIMERIX INC	COMMON STOCK	16934W106	1,603	70,191	SH		SOLE		0	0	0
CHUBB CORPORATION	COMMON STOCK	171232101	348	3,900	SH		SOLE		0	0	0
CIENA CORPORATION	COMMON STOCK	171779309	11,833	520,350	SH		SOLE		0	0	0
CIT GROUP INC.	COMMON STOCK	125581801	5,408	110,319	SH		SOLE		0	0	0
CLAYMORE/MAC GLBL SOLAR ENRG	EXCHANGE TRADED FUNDS	18383Q739	3,758	85,000	SH		SOLE		0	0	0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION	COMMON STOCK	192446102	10,788	213,200	SH		SOLE		0	0	0
COLFAX CORPORATION	COMMON STOCK	194014106	9,064	127,066	SH		SOLE		0	0	0
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	610	9,400	SH		SOLE		0	0	0
COMMVAULT SYSTEMS INC.	COMMON STOCK	204166102	16,303	251,004	SH		SOLE		0	0	0
COMPUWARE CORPORATION	COMMON STOCK	205638109	26,551	2,528,650	SH		DFND		0	0	0
CONN'S INC	COMMON STOCK	208242107	17,858	459,675	SH		SOLE		0	0	0
CORNING INC.	COMMON STOCK	219350105	336	16,135	SH		SOLE		0	0	0
CORRECTIONS CORPORATION OF AMERICA	EQUITY	22025Y407	34,765	1,109,980	SH		DFND		0	0	0
COVANCE INC.	COMMON STOCK	222816100	5,070	48,800	SH		DFND		0	0	0
COVANTA HOLDING CORP	COMMON STOCK	22282E102	542	30,000	SH		SOLE		0	0	0
CREDIT SUISSE ASSET MGMT INC	COMMON STOCK	224916106	44	12,254	SH		SOLE		0	0	0
CREDIT SUISSE HIGH YIELD BD	SH BEN INT	22544F103	50	15,575	SH		SOLE		0	0	0
CROSSTEX ENERGY LP	LTD PARTNERSHIP	29336U107	254	8,341	SH		SOLE		0	0	0
DERMA SCIENCES INC	COMMON STOCK	249827502	380	30,000	SH		SOLE		0	0	0
DEVRY INC.	COMMON STOCK	251893103	1,756	41,425	SH		DFND		0	0	0
DIAMONDBACK ENERGY INC	COMMON STOCK	25278X109	10,532	156,469	SH		SOLE		0	0	0
DICK'S SPORTING GOODS INC.	COMMON STOCK	253393102	328	6,000	SH		SOLE		0	0	0
DIPEXIUM PHARMACEUTICALS INC	COMMON STOCK	25456J104	1,065	106,036	SH		SOLE		0	0	0
DIREXION GOLD MINERS BULL 2X	DAILY GOLD MINER	25459Y389	811	23,400	SH		SOLE		0	0	0
E*TRADE FINANCIAL CORP	COMMON STOCK	269246401	22,457	975,531	SH		DFND		0	0	0
EAGLE CAPITAL GROWTH FUND	COMMON STOCK	269451100	95	12,250	SH		SOLE		0	0	0
EATON VANCE LTD DURATION FND	COMMON STOCK	27828H105	336	22,000	SH		SOLE		0	0	0
EDWARDS LIFESCIENCES CORPORATION	COMMON STOCK	28176E108	1,676	22,600	SH		SOLE		0	0	0
ELLSWORTH FUND LTD	COMMON STOCK	289074106	204	23,700	SH		SOLE		0	0	0
ENDOCYTE INC	COMMON STOCK	29269A102	6,396	268,637	SH		DFND		0	0	0
ENTERPRISE PRODUCTS PARTNERS LP	LTD PARTNERSHIP	293792107	233	3,360	SH		SOLE		0	0	0
EXACT SCIENCES CORPORATION	COMMON STOCK	30063P105	1,417	100,000	SH		SOLE		0	0	0
EXAMWORKS INC	COMMON STOCK	30066A105	2,230	63,701	SH		DFND		0	0	0
EXPRESS SCRIPTS HOLDING COMPANY (FKA EXPRESS SCRIPTS, INC.)	COMMON STOCK	30219G108	5,034	67,038	SH		DFND		0	0	0
FACEBOOK INC	COMMON STOCK	30303M102	24,285	403,139	SH		DFND		0	0	0
FAMILY DOLLAR STORES, INC.	COMMON STOCK	307000109	293	5,050	SH		SOLE		0	0	0
FIDELITY NATIONAL FINL-A	COMMON STOCK	31620R105	38,029	1,209,572	SH		DFND		0	0	0
FIVE BELOW	COMMON STOCK	33829M101	11,662	274,525	SH		SOLE		0	0	0
FOREST LABORATORIES INC.	COMMON STOCK	345838106	14,957	162,100	SH		SOLE		0	0	0
FORTINET INC	COMMON STOCK	34959E109	53,799	2,442,071	SH		DFND		0	0	0
FRESH MARKET INC/THE	COMMON STOCK	35804H106	58,883	1,752,474	SH		DFND		0	0	0
GALMED PHARMACEUTICALS LTD	COMMON STOCK	M47238106	1,456	126,956	SH		DFND		0	0	0
GARMIN LTD.	COMMON STOCK	H2906T109	355	6,425	SH		SOLE		0	0	0
GENERAC HOLDINGS INC	COMMON STOCK	368736104	1,179	20,000	SH		SOLE		0	0	0
GENMARK DIAGNOSTICS INC	COMMON STOCK	372309104	1,020	102,611	SH		DFND		0	0	0
GILEAD SCIENCES, INC.	COMMON STOCK	375558103	11,515	162,500	SH		DFND		0	0	0
GLAXOSMITHKLINE PLC-SPON ADR	ADR	37733W105	2,258	42,261	SH		DFND		0	0	0
GLOBUS MEDICAL INC	COMMON STOCK	379577208	3,646	137,122	SH		DFND		0	0	0
GNC ACQUISITION HOLDINGS INC	COMMON STOCK	36191G107	14,135	321,114	SH		DFND		0	0	0
GOOGLE INC-CL A	COMMON STOCK	38259P508	16,941	15,200	SH		SOLE		0	0	0
GRAY TELEVISION, INC.	COMMON STOCK	389375205	153	18,000	SH		SOLE		0	0	0
GRUPO TELEVISA SA-SPONS ADR	ADR	40049J206	3,950	118,668	SH		SOLE		0	0	0
H&R BLOCK, INC.	COMMON STOCK	093671105	21,364	707,650	SH		SOLE		0	0	0
HALLIBURTON COMPANY	COMMON STOCK	406216101	5,889	100,000	SH		SOLE		0	0	0
HARLEY-DAVIDSON, INC.	COMMON STOCK	412822108	13,175	197,800	SH		SOLE		0	0	0
HBI BRANDED APPAREL LIMITED, INC.	COMMON STOCK	410345102	5,438	71,100	SH		SOLE		0	0	0
HCA HOLDINGS INC.	COMMON STOCK	40412C101	3,675	70,000	SH		DFND		0	0	0
HEALTHSTREAM INC.	COMMON STOCK	42222N103	368	13,777	SH		SOLE		0	0	0
HEARTWARE LTD	COMMON STOCK	422368100	2,383	25,411	SH		DFND		0	0	0
HESS CORPORATION	COMMON STOCK	42809H107	1,236	14,910	SH		SOLE		0	0	0
HEWLETT PACKARD	COMMON STOCK	428236103	10,984	339,425	SH		SOLE		0	0	0
ICON PLC - SPONSORED ADR	COMMON STOCK	G4705A100	8,790	184,864	SH		DFND		0	0	0
INOGEN INC	COMMON STOCK	45780L104	1,158	70,154	SH		SOLE		0	0	0
INTERCEPT PHARMACEUTICALS IN	COMMON STOCK	45845P108	1,388	4,210	SH		SOLE		0	0	0
INTRA-CELLULAR THERAPIES INC	COMMON STOCK	46116X101	487	26,809	SH		SOLE		0	0	0
INVENSENSE INC	COMMON STOCK	46123D205	1,775	75,000	SH		SOLE		0	0	0
JETBLUE AIRWAYS CORPORATION	COMMON STOCK	477143101	2,998	345,000	SH		SOLE		0	0	0
K12 INC	COMMON STOCK	48273U102	45,119	1,992,010	SH		DFND		0	0	0
KERYX BIOPHARMACEUTICALS INC.	COMMON STOCK	492515101	1,363	80,000	SH		SOLE		0	0	0
KIRBY CORP.	COMMON STOCK	497266106	20,453	202,000	SH		SOLE		0	0	0
LEGG MASON	COMMON STOCK	524901105	26,611	542,640	SH		DFND		0	0	0
LIFE TIME FITNESS	COMMON STOCK	53217R207	16,029	333,242	SH		SOLE		0	0	0
LORAL SPACECOM CORP	COMMON STOCK	543881106	99,042	1,400,284	SH		DFND		0	0	0
LORAL SPACECOM CORP	OPTIONS	543881906	9,022	6,600	SH	Call	SOLE		0	0	0
MACTEC, INC.	COMMON STOCK	576323109	10,587	243,704	SH		SOLE		0	0	0
MANAGED HI YLD PLUS FUND INC	COMMON STOCK	561911108	49	23,040	SH		SOLE		0	0	0
MANNKIND CORPORATION	COMMON STOCK	56400P201	281	70,000	SH		SOLE		0	0	0
MARATHON PETROLEUM CORP.	COMMON STOCK	56585A102	24,806	285,000	SH		SOLE		0	0	0
MARKWEST ENERGY PARTNERS, L.P.	LTD PARTNERSHIP	570759100	463	7,083	SH		DFND		0	0	0
MCKESSON CORP	COMMON STOCK	58155Q103	21,021	119,050	SH		DFND		0	0	0
MEDIA GENERAL, INC.	COMMON STOCK	584404107	160,104	8,715,530	SH		DFND		0	0	0
MEDTRONIC	COMMON STOCK	585055106	1,949	31,670	SH		DFND		0	0	0
MELCO CROWN ENTERTAINME-ADR	ADR	585464100	38,058	984,683	SH		DFND		0	0	0
MEMC ELECTRONIC MATERIALS INC.	COMMON STOCK	86732Y109	8,613	457,150	SH		SOLE		0	0	0
MERCK & CO., INC.	COMMON STOCK	58933Y105	6,950	122,419	SH		DFND		0	0	0
METLIFE INC	COMMON STOCK	59156R108	10,667	202,025	SH		SOLE		0	0	0
MICROSOFT CORPORATION	COMMON STOCK	594918104	4,540	110,750	SH		DFND		0	0	0
MONOLITHIC POWER SYSTEMS INC.	COMMON STOCK	609839105	10,922	281,723	SH		SOLE		0	0	0
MONSANTO COMPANY	COMMON STOCK	61166W101	11,024	96,900	SH		SOLE		0	0	0
MPLX LP	LTD PARTNERSHIP	55336V100	213	4,348	SH		SOLE		0	0	0
NANOSPHERE INC	COMMON STOCK	63009F105	1,023	475,969	SH		DFND		0	0	0
NANOSTRING TECHNOLOGIES INC	COMMON STOCK	63009R109	5,447	263,760	SH		DFND		0	0	0
NETAPP INC	COMMON STOCK	64110D104	542	14,700	SH		SOLE		0	0	0
NEUROCRINE BIOSCIENCES	COMMON STOCK	64125C109	1,288	80,000	SH		SOLE		0	0	0
NEWS CORP/NEW-CL A-W/I	COMMON STOCK	65249B109	58,159	3,377,421	SH		DFND		0	0	0
NEXPOINT CREDIT STRATEGIES FUND (FKA HIGHLAND CREDIT STRATEGIES FUND)	COMMON STOCK	65340G106	18,359	1,658,435	SH		DFND		0	0	0
NMI HOLDINGS 144A	COMMON STOCK	629209305	4,103	350,100	SH		SOLE		0	0	0
NOVADAQ TECHNOLOGIES INC	COMMON STOCK	66987G102	818	36,718	SH		SOLE		0	0	0
NRG HOLDINGS, INC.	COMMON STOCK	629377508	12,369	388,970	SH		DFND		0	0	0
NUVASIVE INC.	COMMON STOCK	670704105	5,963	155,255	SH		DFND		0	0	0
NXP SEMICONDUCTOR NV	COMMON STOCK	N6596X109	14,916	253,624	SH		DFND		0	0	0
OCEAN RIG UDW INC - W/I	COMMON STOCK	Y64354205	10,852	610,024	SH		DFND		0	0	0
ONCONOVA THERAPEUTICS INC	COMMON STOCK	68232V108	697	110,000	SH		SOLE		0	0	0
ONEOK INC.	COMMON STOCK	682680103	208	3,506	SH		SOLE		0	0	0
ORIX - SPONSORED ADR	EQUITY	686330101	831	59,000	SH		SOLE		0	0	0
PAREXEL INTERNATIONAL CORPORATION	COMMON STOCK	699462107	3,929	72,629	SH		DFND		0	0	0
PENDRELL CORPORATION ( F.K.A. ICO GLOBAL COMMUNICATIONS)	COMMON STOCK	70686R104	83,468	45,611,145	SH		DFND		0	0	0
PGT, INC.	COMMON STOCK	69336V101	1,727	150,000	SH		SOLE		0	0	0
PIONEER NATURAL RESOURCES CO	COMMON STOCK	723787107	37,336	199,509	SH		DFND		0	0	0
PLAINS GP HOLDINGS LP	LTD PARTNERSHIP	72651A108	202	7,207	SH		SOLE		0	0	0
PMC COMMERCIAL TRUST	EQUITY	693434102	126	27,500	SH		SOLE		0	0	0
PROGENICS PHARMACEUTICALS	COMMON STOCK	743187106	5,659	1,383,729	SH		SOLE		0	0	0
PROMETHEUS LABORATORIES INC	COMMON STOCK	451731103	290	34,975	SH		SOLE		0	0	0
PROSHARES ULTRA GOLD	EXCHANGE TRADED FUNDS	74347W601	3,065	66,145	SH		DFND		0	0	0
PROSHARES ULTRA SILVER	EXCHANGE TRADED FUNDS	74347W353	43,550	679,839	SH		DFND		0	0	0
PROSHRE U/S DJ-AIG CRUDE OIL	EXCHANGE TRADED FUNDS	74347W668	1,170	41,000	SH		SOLE		0	0	0
PYXIS/IBOXX SENIOR LOAN ETF	EXCHANGE TRADED FUNDS	430101774	22,897	1,150,000	SH		SOLE		0	0	0
QLIK TECHNOLOGIES INC	COMMON STOCK	74733T105	11,966	450,000	SH		SOLE		0	0	0
RACKSPACE HOSTING, INC.	COMMON STOCK	750086100	15,641	476,575	SH		SOLE		0	0	0
RADNET INC	COMMON STOCK	750491102	815	287,140	SH		DFND		0	0	0
RELIANCE STEEL & ALUMINUM	COMMON STOCK	759509102	226	3,200	SH		SOLE		0	0	0
RELYPSA INC	COMMON STOCK	759531106	2,240	75,153	SH		DFND		0	0	0
REPLIDYNE INC.	COMMON STOCK	141619106	3,382	106,401	SH		DFND		0	0	0
REPLIGEN CORPORATION	COMMON STOCK	759916109	2,433	189,171	SH		DFND		0	0	0
RITE AID CORPORATION	COMMON STOCK	767754104	12,558	2,002,900	SH		SOLE		0	0	0
RXI PHARMACEUTICALS CORP	COMMON STOCK	363256108	1,320	528,027	SH		DFND		0	0	0
SALESFORCE.COM INC.	COMMON STOCK	79466L302	20,087	351,850	SH		SOLE		0	0	0
SAREPTA THERAPEUTICS INC.	COMMON STOCK	803607100	4,362	181,516	SH		DFND		0	0	0
SBA COMMUNICATIONS CORP-CL A	COMMON STOCK	78388J106	44,070	484,502	SH		DFND		0	0	0
SEARS ROEBUCK ACCEPTANCE CORP. (KMART CORPORATION)	EQUITY	812350106	43	340,479	SH		SOLE		0	0	0
SERVICE CORPORATION INTERNATIONAL	COMMON STOCK	817565104	3,325	167,262	SH		DFND		0	0	0
SKYWEST	COMMON STOCK	830879102	8,788	688,706	SH		SOLE		0	0	0
SONY CORP-SPONSORED ADR	ADR	835699307	38,033	1,989,150	SH		DFND		0	0	0
SPDR S&P BIOTECH ETF	EXCHANGE TRADED FUNDS	78464A870	0	0	SH		SOLE		0	0	0
SPECTRUM BRANDS, INC.	COMMON STOCK	84763R101	1,803	22,620	SH		SOLE		0	0	0
SPIRIT REALTY CAPITAL, INC. (FKA SPIRIT FINANCE CORPORATION)	EQUITY	84860W102	105,182	9,579,438	SH		DFND		0	0	0
ST. JUDE MEDICAL INC.	COMMON STOCK	790849103	2,308	35,290	SH		DFND		0	0	0
STAPLES INC.	COMMON STOCK	855030102	67,676	5,967,875	SH		DFND		0	0	0
STREAMLINE HEALTH SOLUTIONS INC.	COMMON STOCK	86323X106	856	170,188	SH		DFND		0	0	0
SUMITOMO MITSUI FINANCIAL GROUP, INC	COMMON STOCK	86562M209	989	20,700	SH		SOLE		0	0	0
SUNTRUST BANKS INC.	COMMON STOCK	867914103	16,196	407,048	SH		SOLE		0	0	0
SWS GROUP INC.	COMMON STOCK	78503N107	19,185	2,564,786	SH		DFND		0	0	0
SXC HEALTH SOLUTIONS CORP	COMMON STOCK	148887102	6,470	144,558	SH		DFND		0	0	0
SYNAPTICS INC.	COMMON STOCK	87157D109	900	15,000	SH		SOLE		0	0	0
TARGA RESOURCES INVESTMENTS	COMMON STOCK	87612G101	497	5,011	SH		DFND		0	0	0
TEAM FINANCE LLC (A.K.A TEAM HEALTH HOLDINGS, LLC)	COMMON STOCK	87817A107	1,483	33,150	SH		SOLE		0	0	0
TELEFLEX INC.	COMMON STOCK	879369106	3,686	34,375	SH		DFND		0	0	0
TEXTRON INC.	COMMON STOCK	883203101	10,608	270,000	SH		SOLE		0	0	0
THORATEC CORP.	COMMON STOCK	885175307	5,768	161,084	SH		DFND		0	0	0
TIME WARNER INC.	COMMON STOCK	887317303	337	5,160	SH		SOLE		0	0	0
TORCHMARK CORP.	COMMON STOCK	891027104	9,550	121,350	SH		SOLE		0	0	0
TWITTER INC	OPTIONS	90184L902	1,035	1,500	SH	Put	SOLE		0	0	0
ULTRASHORT QQQ PROSHARES	EXCHANGE TRADED FUNDS	74348A426	2,344	40,000	SH		SOLE		0	0	0
ULTRASHORT RUSSELL2000 PROSH	EXCHANGE TRADED FUNDS	74348A319	14,845	323,625	SH		SOLE		0	0	0
UNITEDHEALTH GROUP INC.	COMMON STOCK	91324P102	10,093	123,100	SH		DFND		0	0	0
VALERO ENERGY CORP	COMMON STOCK	91913Y100	15,680	295,300	SH		SOLE		0	0	0
VALERO ENERGY PARTNERS LP	LTD PARTNERSHIP	91914J102	209	5,283	SH		SOLE		0	0	0
VANDA PHARMACEUTICALS INC.	COMMON STOCK	921659108	2,000	123,090	SH		DFND		0	0	0
VERACYTE INC	COMMON STOCK	92337F107	461	26,920	SH		SOLE		0	0	0
W.R. GRACE & CO.	COMMON STOCK	38388F108	423	4,270	SH		SOLE		0	0	0
WATSCO INC.	COMMON STOCK	942622200	23,320	233,410	SH		DFND		0	0	0
WATSON WYATT WORLDWIDE INC-A	COMMON STOCK	891894107	4,562	40,000	SH		SOLE		0	0	0
WEBMD HEALTH CORP-CLASS A	COMMON STOCK	94770V102	1,831	44,222	SH		SOLE		0	0	0
WISDOMTREE JAPAN DIVIDEND FD	EXCHANGE TRADED FUNDS	97717W851	3,314	70,000	SH		SOLE		0	0	0
WRIGHT MEDICAL GROUP INC.	EQUITY WARRANTS	98235T115	58	69,326	SH		SOLE		0	0	0
YAHOO! INC	COMMON STOCK	984332106	11,836	329,700	SH		SOLE		0	0	0