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
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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
500.COM LTD	ADR	33829R100	2,530	75,000	SH		SOLE		0	0	0
58.COM	ADR	31680Q104	2,794	75,000	SH		SOLE		0	0	0
ABBVIE INC	COMMON STOCK	00287Y109	33,876	586,500	SH		DFND		0	0	0
ACADIA HEALTHCARE CO INC	COMMON STOCK	00404A109	29,604	610,397	SH		SOLE		0	0	0
ACTAVIS, INC.	COMMON STOCK	G0083B108	31,582	130,895	SH		SOLE		0	0	0
ADCARE HEALTH SYSTEMS INC.	COMMON STOCK	00650W300	404	85,194	SH		SOLE		0	0	0
ADVANCED ENERGY INDUSTRIES INC.	COMMON STOCK	007973100	4,587	244,100	SH		SOLE		0	0	0
AERCAP HOLDINGS N.V.	COMMON STOCK	N00985106	13,568	331,735	SH		SOLE		0	0	0
AIR METHODS CORP.	COMMON STOCK	009128307	7,905	142,304	SH		SOLE		0	0	0
AKAMAI TECHNOLOGIES INC	COMMON STOCK	00971T101	6,524	109,100	SH		SOLE		0	0	0
AKORN, INC.	COMMON STOCK	009728106	8,158	224,915	SH		DFND		0	0	0
ALBANY MOLECULAR RESEARCH INC.	COMMON STOCK	012423109	3,996	181,045	SH		SOLE		0	0	0
ALKERMES INC.	COMMON STOCK	G01767105	7,882	183,862	SH		SOLE		0	0	0
ALNYLAM PHARMACEUTICALS INC.	COMMON STOCK	02043Q107	1,562	20,000	SH		SOLE		0	0	0
AMEDICA CORP	COMMON STOCK	023435100	860	534,187	SH		SOLE		0	0	0
AMERICAN AIRLINES GROUP INC.	COMMON STOCK	02376R102	249,680	7,037,198	SH		DFND		0	0	0
AMERICAN AIRLINES GROUP INC.	OPTIONS	02376R902	3,030	24,000	SH	Call	DFND		0	0	0
ANADARKO PETROLEUM CORPORATION	COMMON STOCK	032511107	37,383	368,525	SH		DFND		0	0	0
AON CORP.	COMMON STOCK	G0408V102	4,421	50,424	SH		SOLE		0	0	0
APOLLO GROUP	COMMON STOCK	037604105	627	24,950	SH		SOLE		0	0	0
AQUINOX PHARMACEUTICALS INC	COMMON STOCK	03842B101	1,174	176,247	SH		SOLE		0	0	0
ARATANA THERAPEUTICS INC	COMMON STOCK	03874P101	6,616	658,954	SH		DFND		0	0	0
ARUBA NETWORKS, INC.	COMMON STOCK	043176106	11,781	545,900	SH		SOLE		0	0	0
ATHLON ENERGY INC	COMMON STOCK	047477104	9,802	168,341	SH		SOLE		0	0	0
ATLANTIC POWER L.P.	COMMON STOCK	04878Q863	2,015	846,780	SH		SOLE		0	0	0
AUTOHOME INC	ADR	05278C107	2,941	70,000	SH		SOLE		0	0	0
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	208	2,500	SH		SOLE		0	0	0
AVANIR PHARMACEUTICALS-CL A	COMMON STOCK	05348P401	5,686	477,038	SH		SOLE		0	0	0
BALLY TECHNOLOGIES, INC.	COMMON STOCK	05874B107	10,665	132,156	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	COMMON STOCK	060505104	14,474	848,900	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	EQUITY WARRANTS	060505153	693	721,832	SH		SOLE		0	0	0
BANK UNITED	COMMON STOCK	06652K103	2,290	75,100	SH		SOLE		0	0	0
BE AEROSPACE, INC	COMMON STOCK	073302101	22,689	270,300	SH		SOLE		0	0	0
BEST BUY CO., INC.	COMMON STOCK	086516101	9,909	295,000	SH		SOLE		0	0	0
BIOFUEL ENERGY CORP	COMMON STOCK	09064Y307	526	82,520	SH		SOLE		0	0	0
BIOFUEL ENERGY CORP	EQUITY WARRANTS	09064Y117	295	102,520	SH		SOLE		0	0	0
BLACKROCK BUILD AMERICA BOND	CLOSE END FIXED INCOME MUTUAL FUNDS	09248X100	368	17,500	SH		SOLE		0	0	0
BLACKROCK PREFERRED AND EQUI	CLOSE END FIXED INCOME MUTUAL FUNDS	092508100	346	26,000	SH		SOLE		0	0	0
BLACKSTONE / GSO STRATEGIC C	CLOSE END FIXED INCOME MUTUAL FUNDS	09257R101	671	40,000	SH		SOLE		0	0	0
BOARDWALK PIPELINE PARTNERS LP	LTD PARTNERSHIP	096627104	967	51,715	SH		SOLE		0	0	0
BOULDER BRANDS INC	COMMON STOCK	101405108	1,828	134,136	SH		SOLE		0	0	0
BPL ACQUISITION, LP	LTD PARTNERSHIP	118230101	515	6,463	SH		SOLE		0	0	0
BROOKDALE SENIOR LIVING INC.	COMMON STOCK	112463104	6,577	204,123	SH		SOLE		0	0	0
BUILDERS FIRSTSOURCE, INC.	COMMON STOCK	12008R107	273	50,000	SH		SOLE		0	0	0
CANADIAN PACIFIC RAILWAY LTD.	COMMON STOCK	13645T100	14,679	70,750	SH		SOLE		0	0	0
CANON INC-SPONS ADR	ADR	138006309	4,176	128,150	SH		SOLE		0	0	0
CARDINAL HEALTH INC.	COMMON STOCK	14149Y108	6,632	88,515	SH		SOLE		0	0	0
CAREFUSION	COMMON STOCK	14170T101	3,103	68,572	SH		SOLE		0	0	0
CF INDUSTRIES, INC.	COMMON STOCK	125269100	11,616	41,600	SH		SOLE		0	0	0
CHESAPEAKE MIDSTREAM PARTNERS	LTD PARTNERSHIP	00434L109	968	15,205	SH		SOLE		0	0	0
CHIMERIX INC	COMMON STOCK	16934W106	829	30,000	SH		SOLE		0	0	0
CIT GROUP INC.	COMMON STOCK	125581801	29,344	638,469	SH		DFND		0	0	0
CIVITAS SOLUTIONS INC	COMMON STOCK	17887R102	2,820	180,553	SH		SOLE		0	0	0
CLOVIS ONCOLOGY INC	COMMON STOCK	189464100	12,020	265,000	SH		SOLE		0	0	0
COINSTAR, INC.	COMMON STOCK	690070107	4,923	87,750	SH		SOLE		0	0	0
COMMUNITY HEALTH SERVICES, INC	COMMON STOCK	203668108	5,205	95,000	SH		SOLE		0	0	0
COMMVAULT SYSTEMS INC.	COMMON STOCK	204166102	19,621	389,304	SH		DFND		0	0	0
CONCHO RESOURCES INC.	COMMON STOCK	20605P101	9,865	78,678	SH		SOLE		0	0	0
CORRECTIONS CORPORATION OF AMERICA	COMMON STOCK	22025Y407	26,029	757,530	SH		DFND		0	0	0
COSTAR GROUP INC.	COMMON STOCK	22160N109	12,412	79,800	SH		SOLE		0	0	0
COVANTA HOLDING CORP	COMMON STOCK	22282E102	637	30,000	SH		SOLE		0	0	0
CROSSTEX ENERGY	COMMON STOCK	29336T100	790	19,121	SH		SOLE		0	0	0
CROSSTEX ENERGY LP	LTD PARTNERSHIP	29336U107	509	16,710	SH		SOLE		0	0	0
DIAMONDBACK ENERGY INC	COMMON STOCK	25271C102	12,078	161,516	SH		SOLE		0	0	0
DYNAGAS LNG PARTNERS LP	LTD PARTNERSHIP	Y2188B108	971	41,113	SH		SOLE		0	0	0
E*TRADE FINANCIAL CORP	COMMON STOCK	269246401	18,387	813,941	SH		SOLE		0	0	0
EATON VANCE LTD DURATION FND	CLOSE END FIXED INCOME MUTUAL FUNDS	27828H105	321	22,000	SH		SOLE		0	0	0
EDWARDS LIFESCIENCES CORPORATION	COMMON STOCK	28176E108	1,285	12,575	SH		SOLE		0	0	0
ELLSWORTH FUND LTD	CLOSE END FIXED INCOME MUTUAL FUNDS	289074106	107	12,335	SH		SOLE		0	0	0
EMC CORPORATION	COMMON STOCK	268648102	10,595	362,100	SH		SOLE		0	0	0
ENBRIDGE ENERGY PARTNERS LP	LTD PARTNERSHIP	29250R106	869	22,364	SH		SOLE		0	0	0
ENERGY TRANSFER EQUITY, L.P.	LTD PARTNERSHIP	29273V100	1,505	24,404	SH		SOLE		0	0	0
ENERGY TRANSFER PARTNERS LP	LTD PARTNERSHIP	29273R109	1,122	17,533	SH		SOLE		0	0	0
EQT MIDSTREAM PARTNERS LP	LTD PARTNERSHIP	26885B100	1,039	11,592	SH		SOLE		0	0	0
EXAMWORKS INC	COMMON STOCK	30066A105	14,863	453,845	SH		DFND		0	0	0
FACEBOOK INC	COMMON STOCK	30303M102	28,020	354,502	SH		DFND		0	0	0
FAMILY DOLLAR STORES, INC.	COMMON STOCK	307000109	13,374	173,150	SH		DFND		0	0	0
FNF GROUP-W/I	INDEX FUNDS	31620R303	34,344	1,238,052	SH		DFND		0	0	0
FNFV GROUP-W/I	INDEX FUNDS	31620R402	13,237	961,970	SH		DFND		0	0	0
FORTINET INC	COMMON STOCK	34959E109	60,906	2,410,671	SH		DFND		0	0	0
FRESH MARKET INC/THE	COMMON STOCK	35804H106	37,743	1,080,524	SH		DFND		0	0	0
GENESIS ENERGY LP	LTD PARTNERSHIP	371927104	380	7,218	SH		SOLE		0	0	0
GLOBUS MEDICAL INC	COMMON STOCK	379577208	4,043	205,521	SH		SOLE		0	0	0
GNC ACQUISITION HOLDINGS INC	COMMON STOCK	36191G107	213	5,500	SH		SOLE		0	0	0
GOOGLE INC.	COMMON STOCK	38259P706	18,995	32,900	SH		SOLE		0	0	0
GRAY TELEVISION, INC.	COMMON STOCK	389375205	112	18,000	SH		SOLE		0	0	0
H & Q LIFE SCIENCES INVSTRS	CLOSE END FIXED INCOME MUTUAL FUNDS	404053100	559	25,275	SH		SOLE		0	0	0
H&Q HEALTHCARE INVESTORS	CLOSE END FIXED INCOME MUTUAL FUNDS	404052102	562	19,800	SH		SOLE		0	0	0
H&R BLOCK, INC.	COMMON STOCK	093671105	15,731	507,300	SH		SOLE		0	0	0
HARMAN INTERNATIONAL	COMMON STOCK	413086109	19,206	195,895	SH		DFND		0	0	0
HCA HOLDINGS INC.	COMMON STOCK	40412C101	28,938	410,353	SH		DFND		0	0	0
HEALTHSOUTH CORPORATION	COMMON STOCK	421924309	1,082	29,331	SH		SOLE		0	0	0
HILL-ROM HOLDINGS, INC.	COMMON STOCK	431475102	10,548	254,598	SH		DFND		0	0	0
HILTON WORLDWIDE HOLDINGS IN	COMMON STOCK	43300A104	12,315	500,000	SH		SOLE		0	0	0
HOMEAWAY INC	COMMON STOCK	43739Q100	9,017	254,000	SH		SOLE		0	0	0
HUNTSMAN CORP.	COMMON STOCK	447011107	390	15,000	SH		SOLE		0	0	0
ICON PLC - SPONSORED ADR	COMMON STOCK	G4705A100	5,952	104,000	SH		SOLE		0	0	0
IKANG HEALTHCARE GROUP INC	ADR	45174L108	2,919	150,000	SH		SOLE		0	0	0
INTERCEPT PHARMACEUTICALS IN	COMMON STOCK	45845P108	4,200	17,745	SH		SOLE		0	0	0
INTERPUBLIC GROUP OF COS. INC.	COMMON STOCK	460690100	8,861	483,700	SH		SOLE		0	0	0
ISHARES FTSE/XINHUA CHINA 25	EXCHANGE TRADED FUNDS	464287184	11,484	300,000	SH		SOLE		0	0	0
ISHARES MSCI CHINA INDEX FD	EXCHANGE TRADED FUNDS	46429B671	4,264	90,000	SH		SOLE		0	0	0
ISHARES MSCI HONG KONG INDEX	EXCHANGE TRADED FUNDS	464286871	12,198	600,000	SH		SOLE		0	0	0
JANUS CAPITAL GROUP INC	COMMON STOCK	47102X105	9,284	638,500	SH		SOLE		0	0	0
JETBLUE AIRWAYS CORPORATION	COMMON STOCK	477143101	24,310	2,289,077	SH		DFND		0	0	0
JETBLUE AIRWAYS CORPORATION	OPTIONS	477143901	1,200	10,000	SH	Call	SOLE		0	0	0
JGWPT HOLDINGS INC	COMMON STOCK	46618D108	357	28,850	SH		SOLE		0	0	0
K12 INC	COMMON STOCK	48273U102	57,700	3,615,307	SH		DFND		0	0	0
KERYX BIOPHARMACEUTICALS INC.	COMMON STOCK	492515101	4,475	325,466	SH		SOLE		0	0	0
KINDER MORGAN ENERGY PRTNRS	LTD PARTNERSHIP	494550106	776	8,320	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	COMMON STOCK	49456B101	907	23,656	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	EQUITY WARRANTS	49456B901	466	128,136	SH		DFND		0	0	0
KODIAK OIL & GAS CORP	COMMON STOCK	50015Q100	4,774	351,773	SH		SOLE		0	0	0
KOHLS CORPORATION	COMMON STOCK	500255104	21,238	348,000	SH		SOLE		0	0	0
LEGG MASON	COMMON STOCK	524901105	25,132	491,240	SH		SOLE		0	0	0
LEJU HOLDINGS LTD-ADR	ADR	50187J108	2,570	200,000	SH		SOLE		0	0	0
LHC GROUP INC.	COMMON STOCK	50187A107	4,291	184,969	SH		SOLE		0	0	0
LORAL SPACECOM CORP	COMMON STOCK	543881106	152,981	2,130,359	SH		DFND		0	0	0
LULULEMON ATHLETICA INC	COMMON STOCK	550021109	37,168	884,750	SH		DFND		0	0	0
LULULEMON ATHLETICA INC	OPTIONS	550021909	4,175	5,000	SH	Call	SOLE		0	0	0
MAGELLAN MIDSTREAM PARTNERS, L.P.	LTD PARTNERSHIP	559080106	968	11,502	SH		SOLE		0	0	0
MANAGED HI YLD PLUS FUND INC	CLOSE END FIXED INCOME MUTUAL FUNDS	561911108	22	11,290	SH		SOLE		0	0	0
MARKET VECTORS CHINA AMC SME	EXCHANGE TRADED FUNDS	57061R361	5,890	200,000	SH		SOLE		0	0	0
MARKWEST ENERGY PARTNERS, L.P.	LTD PARTNERSHIP	570759100	1,301	16,932	SH		SOLE		0	0	0
MCGRAW-HILL COMPANIES INC.	COMMON STOCK	580645109	17,025	201,600	SH		SOLE		0	0	0
MCKESSON CORP	COMMON STOCK	58155Q103	30,431	156,319	SH		DFND		0	0	0
MEDIA GENERAL, INC.	COMMON STOCK	584404107	114,261	8,715,530	SH		DFND		0	0	0
MEDIDATA SOLUTIONS INC.	COMMON STOCK	58471A105	1,718	38,784	SH		SOLE		0	0	0
MEDTRONIC	COMMON STOCK	585055106	7,124	115,000	SH		SOLE		0	0	0
MELLANOX TECHNOLOGIES LTD.	COMMON STOCK	M51363113	12,355	275,346	SH		SOLE		0	0	0
MICRON TECHNOLOGY, INC.	COMMON STOCK	595112103	10,107	295,000	SH		SOLE		0	0	0
MICROSOFT CORPORATION	COMMON STOCK	594918104	47,128	1,016,575	SH		DFND		0	0	0
MIDCOAST ENERGY PARTNERS LP	LTD PARTNERSHIP	59564N103	968	43,397	SH		SOLE		0	0	0
MIMEDX GROUP INC	COMMON STOCK	602496101	4,256	596,900	SH		SOLE		0	0	0
MINERVA NEUROSCIENCES INC	COMMON STOCK	603380106	863	142,575	SH		SOLE		0	0	0
MPLX LP	LTD PARTNERSHIP	55336V100	568	9,635	SH		SOLE		0	0	0
NANOSPHERE INC	COMMON STOCK	63009F105	321	563,674	SH		SOLE		0	0	0
NANOSTRING TECHNOLOGIES INC	COMMON STOCK	63009R109	1,473	134,611	SH		SOLE		0	0	0
NETAPP INC	COMMON STOCK	64110D104	9,599	223,450	SH		DFND		0	0	0
NEUSTAR INC-CLASS A	COMMON STOCK	64126X201	3,615	145,576	SH		SOLE		0	0	0
NEXPOINT CREDIT STRATEGIES FUND (FKA HIGHLAND CREDIT STRATEGIES FUND)	CLOSE END FIXED INCOME MUTUAL FUNDS	65340G106	17,962	1,691,327	SH		DFND		0	0	0
NGL ENERGY PARTNERS LP	LTD PARTNERSHIP	62913M107	832	21,133	SH		SOLE		0	0	0
NORTHSTAR ASSET MANAGEMENT C	COMMON STOCK	66705Y104	6,394	347,100	SH		SOLE		0	0	0
NORTHSTAR REALTY FINANCE COR	COMMON STOCK	66704R704	6,036	341,600	SH		SOLE		0	0	0
NRG HOLDINGS, INC.	COMMON STOCK	629377508	56,043	1,838,695	SH		DFND		0	0	0
NUVASIVE INC.	COMMON STOCK	670704105	7,111	203,943	SH		SOLE		0	0	0
NXP SEMICONDUCTOR NV	COMMON STOCK	N6596X109	14,870	217,300	SH		SOLE		0	0	0
OCCIDENTAL PETROLEUM CORP.	COMMON STOCK	674599105	1,904	19,800	SH		SOLE		0	0	0
OCEAN RIG UDW INC.	COMMON STOCK	Y64354205	40,000	2,481,396	SH		DFND		0	0	0
OILTANKING PARTNERS LP	LTD PARTNERSHIP	678049107	867	17,490	SH		SOLE		0	0	0
ONCOTHYREON INC	COMMON STOCK	682324108	2,409	1,254,890	SH		DFND		0	0	0
ONEOK INC.	COMMON STOCK	682680103	980	14,956	SH		SOLE		0	0	0
ONEOK PARTNERS LP	LTD PARTNERSHIP	68268N103	512	9,157	SH		SOLE		0	0	0
OTONOMY INC	COMMON STOCK	68906L105	866	36,091	SH		SOLE		0	0	0
PACIRA PHARMACEUTICALS, INC.	COMMON STOCK	695127100	3,508	36,196	SH		SOLE		0	0	0
PAREXEL INTERNATIONAL CORPORATION	COMMON STOCK	699462107	2,524	40,000	SH		SOLE		0	0	0
PATTERSON COMPANIES, INC	COMMON STOCK	703395103	23,969	578,550	SH		DFND		0	0	0
PATTERSON COMPANIES, INC	OPTIONS	703395903	780	2,600	SH	Call	SOLE		0	0	0
PENDRELL CORPORATION ( F.K.A. ICO GLOBAL COMMUNICATIONS)	COMMON STOCK	70686R104	61,119	45,611,145	SH		DFND		0	0	0
PHILLIPS 66 PARTNERS LP	LTD PARTNERSHIP	718549207	448	6,709	SH		SOLE		0	0	0
PHOENIX NEW MEDIA LTD -ADR	ADR	71910C103	2,338	250,000	SH		SOLE		0	0	0
PLAINS ALL AMER PIPELINE LP	LTD PARTNERSHIP	726503105	859	14,590	SH		SOLE		0	0	0
PLAINS GP HOLDINGS LP	LTD PARTNERSHIP	72651A108	789	25,740	SH		SOLE		0	0	0
POWERSHARES GLD DRG H USX CH	EXCHANGE TRADED FUNDS	73935X401	12,012	400,000	SH		SOLE		0	0	0
PROGENICS PHARMACEUTICALS	COMMON STOCK	743187106	8,249	1,589,363	SH		SOLE		0	0	0
PROQR THERAPEUTICS BV	COMMON STOCK	N71542109	4,114	239,331	SH		SOLE		0	0	0
PROSHARES ULTRA GOLD	EXCHANGE TRADED FUNDS	74347W601	2,685	66,145	SH		DFND		0	0	0
PROSHARES ULTRA SILVER	EXCHANGE TRADED FUNDS	74347W353	32,129	696,189	SH		DFND		0	0	0
PROSHARES ULTRASHORT NAS BIO	EXCHANGE TRADED FUNDS	74347B409	7,017	582,775	SH		SOLE		0	0	0
PROSHRE U/S DJ-AIG CRUDE OIL	EXCHANGE TRADED FUNDS	74347W668	12,042	393,525	SH		DFND		0	0	0
PYXIS/IBOXX SENIOR LOAN ETF	EXCHANGE TRADED FUNDS	430101774	37,825	1,941,716	SH		DFND		0	0	0
RACKSPACE HOSTING, INC.	COMMON STOCK	750086100	29,576	908,620	SH		DFND		0	0	0
RAYONIER ADVANCED MATERI-W/I	COMMON STOCK	75508B104	466	14,166	SH		SOLE		0	0	0
RAYONIER INC.	COMMON STOCK	754907103	1,323	42,500	SH		SOLE		0	0	0
RCS CAPITAL CORP	COMMON STOCK	74937W102	15,255	677,415	SH		SOLE		0	0	0
RECEPTOS INC	COMMON STOCK	756207106	3,106	50,000	SH		SOLE		0	0	0
REGENCY ENERGY PARTNERS, L.P.	LTD PARTNERSHIP	75885Y107	862	26,423	SH		SOLE		0	0	0
REVANCE THERAPEUTICS INC	COMMON STOCK	761330109	1,408	72,866	SH		SOLE		0	0	0
SALESFORCE.COM INC.	COMMON STOCK	79466L302	12,380	215,200	SH		SOLE		0	0	0
SANCHEZ ENERGY CORP	COMMON STOCK	79970Y105	2,101	80,000	SH		SOLE		0	0	0
SAREPTA THERAPEUTICS INC.	COMMON STOCK	803607100	5,347	253,412	SH		DFND		0	0	0
SBA COMMUNICATIONS CORP-CL A	COMMON STOCK	78388J106	17,349	156,437	SH		SOLE		0	0	0
SEADRILL LTD.	LTD PARTNERSHIP	G7945E105	1,039	33,297	SH		SOLE		0	0	0
SEAWORLD ENTERTAINMENT INC	COMMON STOCK	81282V100	7,832	407,300	SH		SOLE		0	0	0
SEMGROUP CORP-CLASS A	COMMON STOCK	81663A105	715	8,590	SH		SOLE		0	0	0
SERVICE CORPORATION INTERNATIONAL	COMMON STOCK	817565104	7,590	359,041	SH		DFND		0	0	0
SHIRE LTD-ADR	ADR	82481R106	5,858	22,612	SH		SOLE		0	0	0
SKYWEST	COMMON STOCK	830879102	4,139	532,013	SH		SOLE		0	0	0
SONY CORP-SPONSORED ADR	ADR	835699307	21,629	1,198,925	SH		DFND		0	0	0
SOTHEBY'S	COMMON STOCK	835898107	7,662	214,500	SH		SOLE		0	0	0
SOUTHWEST AIRLINES CO.	COMMON STOCK	844741108	22,048	652,900	SH		SOLE		0	0	0
SPIRIT REALTY CAPITAL, INC. (FKA SPIRIT FINANCE CORPORATION)	COMMON STOCK	84860W102	68,129	6,210,468	SH		DFND		0	0	0
STAPLES INC.	COMMON STOCK	855030102	66,029	5,456,925	SH		DFND		0	0	0
STREAMLINE HEALTH SOLUTIONS INC.	COMMON STOCK	86323X106	1,193	257,682	SH		SOLE		0	0	0
STYRON CORP.	COMMON STOCK	L9340P101	268	17,058	SH		SOLE		0	0	0
SUNOCO LOGISTICS PARTNERS LP	LTD PARTNERSHIP	86764L108	632	13,100	SH		SOLE		0	0	0
SWS GROUP INC.	COMMON STOCK	78503N107	22,519	3,268,307	SH		DFND		0	0	0
TAL EDUCATION GROUP- ADR	ADR	874080104	2,621	75,000	SH		SOLE		0	0	0
TALLGRASS ENERGY PARTNERS LP	LTD PARTNERSHIP	874697105	915	20,201	SH		SOLE		0	0	0
TARGA RESOURCES INVESTMENTS	COMMON STOCK	87612G101	1,452	10,662	SH		SOLE		0	0	0
TARGA RESOURCES, INC.	LTD PARTNERSHIP	87611X105	1,253	17,324	SH		SOLE		0	0	0
TEAM FINANCE LLC (A.K.A TEAM HEALTH HOLDINGS, LLC)	COMMON STOCK	87817A107	6,130	105,709	SH		SOLE		0	0	0
TEEKAY CORPORATION	COMMON STOCK	Y8564W103	541	8,159	SH		SOLE		0	0	0
TENET HEALTHCARE CORPORATION	COMMON STOCK	88033G407	13,290	223,781	SH		DFND		0	0	0
TERADATA CORP	COMMON STOCK	88076W103	11,071	264,100	SH		DFND		0	0	0
TESORO LOGISTICS LP	LTD PARTNERSHIP	88160T107	998	14,102	SH		SOLE		0	0	0
THERMO FISHER SCIENTIFIC INC.	COMMON STOCK	883556102	14,870	122,186	SH		SOLE		0	0	0
TIVO INC.	COMMON STOCK	888706108	29,418	2,299,196	SH		SOLE		0	0	0
TIVO INC.	OPTIONS	888706908	1,066	8,750	SH	Call	DFND		0	0	0
TORCHMARK CORP.	COMMON STOCK	891027104	10,515	200,775	SH		SOLE		0	0	0
TORREYPINES THERAPEUTICS INC	COMMON STOCK	75382F106	1,040	108,437	SH		SOLE		0	0	0
TRIANGLE PETROLEUM CORP	COMMON STOCK	89600B201	1,652	150,000	SH		SOLE		0	0	0
ULTRASHORT RUSSELL2000 PROSH	EXCHANGE TRADED FUNDS	74348A319	5,322	108,125	SH		SOLE		0	0	0
UNION PACIFIC CORPORATION	COMMON STOCK	907818108	14,040	129,500	SH		SOLE		0	0	0
UNIVERSAL HEALTH SERVICES, INC.	COMMON STOCK	913903100	6,270	60,000	SH		SOLE		0	0	0
VALERO ENERGY PARTNERS LP	LTD PARTNERSHIP	91914J102	498	11,150	SH		SOLE		0	0	0
VCA ANTECH INC.	COMMON STOCK	918194101	6,886	175,076	SH		SOLE		0	0	0
VIPER ENERGY PARTNERS LP	LTD PARTNERSHIP	92763M105	12,652	544,637	SH		DFND		0	0	0
VIPSHOP HOLDINGS LTD - ADS	ADR	92763W103	2,835	15,000	SH		SOLE		0	0	0
W.R. GRACE & CO.	COMMON STOCK	38388F108	388	4,270	SH		SOLE		0	0	0
WELLPOINT INC.	COMMON STOCK	94973V107	11,362	94,988	SH		SOLE		0	0	0
WESTERN DIGITAL CORPORATION	COMMON STOCK	958102105	21,563	221,570	SH		DFND		0	0	0
WESTERN GAS EQUITY PARTNERS	LTD PARTNERSHIP	95825R103	1,072	17,583	SH		SOLE		0	0	0
WESTERN REFINING	LTD PARTNERSHIP	95931Q205	420	12,055	SH		SOLE		0	0	0
WILLIAMS COS INC.	COMMON STOCK	969457100	1,152	20,812	SH		SOLE		0	0	0
WISDOMTREE JAPAN DIVIDEND FD	EXCHANGE TRADED FUNDS	97717W851	5,232	100,000	SH		SOLE		0	0	0
WRIGHT MEDICAL GROUP INC.	COMMON STOCK	98235T107	3,834	126,524	SH		SOLE		0	0	0
WRIGHT MEDICAL GROUP INC.	EQUITY WARRANTS	98235T115	149	69,326	SH		SOLE		0	0	0
YAHOO! INC	COMMON STOCK	984332106	865	21,239	SH		SOLE		0	0	0
YPF S.A.-SPONSORED ADR	ADR	984245100	3,392	91,700	SH		SOLE		0	0	0
YY INC	ADR	98426T106	2,247	30,000	SH		SOLE		0	0	0
ZS PHARMA INC	COMMON STOCK	98979G105	1,457	37,134	SH		SOLE		0	0	0