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	1,301	75,000	SH		SOLE		0	0	0
58.COM	ADR	31680Q104	3,116	75,000	SH		SOLE		0	0	0
ABBOTT LABORATORIES	COMMON STOCK	002824100	9,602	213,290	SH		DFND		0	0	0
ABIOMED INC.	COMMON STOCK	003654100	3,513	92,312	SH		DFND		0	0	0
ACADIA HEALTHCARE CO INC.	COMMON STOCK	00404A109	5,502	89,882	SH		SOLE		0	0	0
ACCELERON PHARMA INC	COMMON STOCK	00434H108	1,940	49,800	SH		SOLE		0	0	0
ACTAVIS PLC	COMMON STOCK	G0083B108	35,410	137,564	SH		DFND		0	0	0
ADCARE HEALTH SYSTEMS INC.	COMMON STOCK	00650W300	269	67,194	SH		SOLE		0	0	0
AETNA INC.	COMMON STOCK	00817Y108	8,202	92,333	SH		DFND		0	0	0
AKAMAI TECHNOLOGIES INC	COMMON STOCK	00971T101	2,204	35,000	SH		SOLE		0	0	0
AKORN, INC.	COMMON STOCK	009728106	3,283	90,695	SH		SOLE		0	0	0
ALBANY MOLECULAR RESEARCH INC.	COMMON STOCK	012423109	3,817	234,441	SH		DFND		0	0	0
AMEDICA CORP	COMMON STOCK	023435100	337	421,187	SH		SOLE		0	0	0
AMERICAN REALTY CAPITAL-A	COMMON STOCK	02917T104	29,682	3,279,756	SH		SOLE		0	0	0
ANADARKO PETROLEUM CORPORATION	COMMON STOCK	032511107	82,444	999,325	SH		DFND		0	0	0
APOLLO GROUP	COMMON STOCK	037604105	851	24,950	SH		SOLE		0	0	0
APPLE INC.	COMMON STOCK	037833100	36,089	326,954	SH		DFND		0	0	0
AQUINOX PHARMACEUTICALS INC	COMMON STOCK	03842B101	1,178	157,000	SH		SOLE		0	0	0
ARAMARK INVESTMENTS LIMITED	COMMON STOCK	03852U106	7,909	253,900	SH		SOLE		0	0	0
ARATANA THERAPEUTICS INC	COMMON STOCK	03874P101	3,794	212,888	SH		DFND		0	0	0
ATLANTIC POWER L.P.	COMMON STOCK	04878Q863	2,295	846,780	SH		SOLE		0	0	0
BAIDU INC.	ADR	056752108	15,776	69,200	SH		SOLE		0	0	0
BEST BUY CO., INC.	COMMON STOCK	086516101	4,468	114,623	SH		SOLE		0	0	0
BEST BUY CO., INC.	OPTIONS	086516901	720	4,500	SH	Call	SOLE		0	0	0
BLACKROCK BUILD AMERICA BOND	CLOSE END FIXED INCOME MUTUAL FUNDS	09248X100	388	17,500	SH		SOLE		0	0	0
BLACKROCK PREFERRED AND EQUI	CLOSE END FIXED INCOME MUTUAL FUNDS	092508100	336	26,000	SH		SOLE		0	0	0
BLACKSTONE / GSO STRATEGIC C	CLOSE END FIXED INCOME MUTUAL FUNDS	09257R101	659	40,000	SH		SOLE		0	0	0
BOARDWALK PIPELINE PARTNERS LP	LTD PARTNERSHIP	096627104	980	55,140	SH		SOLE		0	0	0
BPL ACQUISITION, LP	LTD PARTNERSHIP	118230101	489	6,463	SH		SOLE		0	0	0
BROOKDALE SENIOR LIVING INC.	COMMON STOCK	112463104	6,820	185,986	SH		DFND		0	0	0
BUFFALO WILD WINGS INC.	COMMON STOCK	119848109	902	5,000	SH		SOLE		0	0	0
CARDINAL HEALTH INC.	COMMON STOCK	14149Y108	10,789	133,647	SH		DFND		0	0	0
CDK GLOBAL INC	COMMON STOCK	12508E101	14,113	346,236	SH		SOLE		0	0	0
CDW CORP/DE	COMMON STOCK	12514G108	8,373	238,082	SH		SOLE		0	0	0
CELGENE CORP	COMMON STOCK	151020104	2,092	18,700	SH		SOLE		0	0	0
CEMPRA HOLDINGS LLC	COMMON STOCK	15130J109	4,494	191,145	SH		DFND		0	0	0
CHIPOTLE MEXICAN GRILL-CL A	COMMON STOCK	169656105	12,150	17,750	SH		SOLE		0	0	0
CIT GROUP INC.	COMMON STOCK	125581801	38,833	811,896	SH		DFND		0	0	0
CIVITAS SOLUTIONS INC	COMMON STOCK	17887R102	2,119	124,400	SH		SOLE		0	0	0
COINSTAR, INC.	COMMON STOCK	690070107	6,601	87,750	SH		SOLE		0	0	0
COMCAST CORPORATION	COMMON STOCK	20030N101	9,415	162,300	SH		SOLE		0	0	0
COMMVAULT SYSTEMS INC.	COMMON STOCK	204166102	7,128	137,907	SH		DFND		0	0	0
CORNING INC.	COMMON STOCK	219350105	47,902	2,089,056	SH		DFND		0	0	0
CORRECTIONS CORPORATION OF AMERICA	COMMON STOCK	22025Y407	2,566	70,600	SH		SOLE		0	0	0
CROSSTEX ENERGY	COMMON STOCK	29336T100	680	19,121	SH		SOLE		0	0	0
CROSSTEX ENERGY LP	LTD PARTNERSHIP	29336U107	545	18,770	SH		SOLE		0	0	0
CUMULUS MEDIA HOLDINGS INC.	COMMON STOCK	231082108	8,912	2,106,872	SH		SOLE		0	0	0
CUMULUS MEDIA HOLDINGS INC.	OPTIONS	231082908	0	147	SH	Call	SOLE		0	0	0
DB HARVEST CSI 300 CHINA A	EXCHANGE TRADED FUNDS	233051879	22,326	600,000	SH		SOLE		0	0	0
DB HARVEST CSI 500 CH A SH	EXCHANGE TRADED FUNDS	233051754	12,296	350,000	SH		SOLE		0	0	0
DIREXION GOLD MINERS BULL 2X	EXCHANGE TRADED FUNDS	25459Y389	261	23,400	SH		SOLE		0	0	0
DOMUS HOLDINGS	COMMON STOCK	75605Y106	13,810	310,400	SH		SOLE		0	0	0
DYNAGAS LNG PARTNERS LP	LTD PARTNERSHIP	Y2188B108	675	41,113	SH		SOLE		0	0	0
E*TRADE FINANCIAL CORP	COMMON STOCK	269246401	17,151	707,126	SH		SOLE		0	0	0
EATON VANCE LTD DURATION FND	CLOSE END FIXED INCOME MUTUAL FUNDS	27828H105	311	22,000	SH		SOLE		0	0	0
EDWARDS LIFESCIENCES CORPORATION	COMMON STOCK	28176E108	9,999	78,500	SH		SOLE		0	0	0
E-HOUSE CHINA HOLDINGS-ADS	ADR	26852W103	1,448	200,000	SH		SOLE		0	0	0
ENBRIDGE ENERGY PARTNERS LP	LTD PARTNERSHIP	29250R106	892	22,364	SH		SOLE		0	0	0
ENDOCYTE INC	COMMON STOCK	29269A102	837	133,139	SH		SOLE		0	0	0
ENERGY TRANSFER EQUITY, L.P.	LTD PARTNERSHIP	29273V100	1,458	25,404	SH		SOLE		0	0	0
ENERGY TRANSFER PARTNERS LP	LTD PARTNERSHIP	29273R109	1,140	17,533	SH		SOLE		0	0	0
ENTERPRISE PRODUCTS PARTNERS LP	LTD PARTNERSHIP	293792107	992	27,458	SH		SOLE		0	0	0
EOG RESOURCES, INC	COMMON STOCK	26875P101	27,534	299,050	SH		DFND		0	0	0
EQT MIDSTREAM PARTNERS LP	LTD PARTNERSHIP	26885B100	1,020	11,592	SH		SOLE		0	0	0
EXACT SCIENCES CORPORATION	COMMON STOCK	30063P105	5,120	186,600	SH		SOLE		0	0	0
EXAMWORKS INC	COMMON STOCK	30066A105	11,404	274,200	SH		SOLE		0	0	0
EXPRESS SCRIPTS HOLDING COMPANY (FKA EXPRESS SCRIPTS, INC.)	COMMON STOCK	30219G108	6,772	79,976	SH		SOLE		0	0	0
FACEBOOK INC	COMMON STOCK	30303M102	33,471	429,005	SH		DFND		0	0	0
FATE THERAPEUTICS INC	COMMON STOCK	31189P102	167	33,275	SH		DFND		0	0	0
FEDEX CORPORATION	COMMON STOCK	31428X106	8,579	49,400	SH		SOLE		0	0	0
FIREEYE INC	COMMON STOCK	31816Q101	7,624	241,419	SH		SOLE		0	0	0
FLAMEL TECHNOLOGIES	ADR	338488109	1,704	99,500	SH		SOLE		0	0	0
FLUIDIGM CORP	COMMON STOCK	34385P108	413	12,233	SH		SOLE		0	0	0
FNF GROUP	COMMON STOCK	31620R303	40,752	1,182,941	SH		DFND		0	0	0
FNFV GROUP	COMMON STOCK	31620R402	16,099	1,022,785	SH		SOLE		0	0	0
FORTINET INC	COMMON STOCK	34959E109	14,742	480,821	SH		DFND		0	0	0
FRESH MARKET INC/THE	COMMON STOCK	35804H106	10,729	260,423	SH		SOLE		0	0	0
GENESIS ENERGY LP	LTD PARTNERSHIP	371927104	306	7,218	SH		SOLE		0	0	0
GLAXOSMITHKLINE PLC-SPON ADR	COMMON STOCK	37733w105	1,980	79,975	SH		SOLE		0	0	0
GLOBUS MEDICAL INC	COMMON STOCK	379577208	4,793	201,621	SH		SOLE		0	0	0
GNC ACQUISITION HOLDINGS INC	COMMON STOCK	36191G107	258	5,500	SH		SOLE		0	0	0
GRAY TELEVISION, INC.	COMMON STOCK	389375205	165	18,000	SH		SOLE		0	0	0
H&R BLOCK, INC.	COMMON STOCK	093671105	8,732	259,251	SH		SOLE		0	0	0
HARMAN INTERNATIONAL	COMMON STOCK	413086109	23,979	224,712	SH		DFND		0	0	0
HCA HOLDINGS INC.	COMMON STOCK	40412C101	13,004	177,187	SH		SOLE		0	0	0
HEALTHSOUTH CORPORATION	COMMON STOCK	421924309	2,632	68,447	SH		SOLE		0	0	0
HIGHLAND/IBOXX SENIOR LOAN ETF	EXCHANGE TRADED FUNDS	430101774	17,051	888,047	SH		DFND		0	0	0
HILL-ROM HOLDINGS, INC.	COMMON STOCK	431475102	9,550	209,341	SH		SOLE		0	0	0
HILTON WORLDWIDE HOLDINGS IN	COMMON STOCK	43300A104	21,910	839,800	SH		DFND		0	0	0
HUMANA	COMMON STOCK	444859102	10,953	76,260	SH		DFND		0	0	0
HUNTSMAN CORP.	COMMON STOCK	447011107	342	15,000	SH		SOLE		0	0	0
IAC /INTERACTIVECORP	COMMON STOCK	44919P508	18,860	310,250	SH		SOLE		0	0	0
IKANG HEALTHCARE GROUP INC	ADR	45174L108	2,256	150,000	SH		SOLE		0	0	0
ILLUMINA INC.	COMMON STOCK	452327109	8,483	45,960	SH		DFND		0	0	0
INTERCEPT PHARMACEUTICALS IN	COMMON STOCK	45845P108	3,415	21,891	SH		DFND		0	0	0
ISHARES FTSE/XINHUA CHINA 25	EXCHANGE TRADED FUNDS	464287184	12,486	300,000	SH		SOLE		0	0	0
ISHARES MSCI CHINA INDEX FD	EXCHANGE TRADED FUNDS	46429B671	4,521	90,000	SH		SOLE		0	0	0
ISHARES MSCI GERMANY INDEX	EXCHANGE TRADED FUNDS	464286806	2,741	100,000	SH		SOLE		0	0	0
ISHARES MSCI INDIA INDEX FND	EXCHANGE TRADED FUNDS	46429B598	30,090	1,000,000	SH		SOLE		0	0	0
ISHARES S&P EUROPE 350	EXCHANGE TRADED FUNDS	464287861	3,402	80,000	SH		SOLE		0	0	0
JANUS CAPITAL GROUP INC	COMMON STOCK	47102X105	9,323	578,000	SH		SOLE		0	0	0
JD.COM INC	ADR	47215P106	9,173	396,400	SH		SOLE		0	0	0
JETBLUE AIRWAYS CORPORATION	COMMON STOCK	477143101	36,305	2,289,077	SH		DFND		0	0	0
JETBLUE AIRWAYS CORPORATION	OPTIONS	477143901	6,160	10,000	SH	Call	SOLE		0	0	0
K12 INC	COMMON STOCK	48273U102	43,777	3,688,052	SH		DFND		0	0	0
KERYX BIOPHARMACEUTICALS INC.	COMMON STOCK	492515101	3,365	237,822	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	COMMON STOCK	49456B101	1,785	42,179	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	EQUITY WARRANTS	49455u900	497	116,665	SH		SOLE		0	0	0
KINDRED HEALTHCARE, INC.	COMMON STOCK	494580103	11,348	624,209	SH		SOLE		0	0	0
LABORATORY CRP OF AMER HLDGS	COMMON STOCK	50540R409	16,991	157,470	SH		DFND		0	0	0
LDR HOLDING CORP	COMMON STOCK	50185U105	9,688	295,539	SH		DFND		0	0	0
LEGG MASON	COMMON STOCK	524901105	30,188	565,633	SH		DFND		0	0	0
LEJU HOLDINGS LTD-ADR	ADR	50187J108	2,260	210,000	SH		DFND		0	0	0
LHC GROUP INC.	COMMON STOCK	50187A107	6,076	194,868	SH		SOLE		0	0	0
LORAL SPACECOM CORP	COMMON STOCK	543881106	165,398	2,101,359	SH		SOLE		0	0	0
LULULEMON ATHLETICA INC	OPTIONS	550021909	10,225	5,000	SH	Call	DFND		0	0	0
MAGELLAN MIDSTREAM PARTNERS, L.P.	LTD PARTNERSHIP	559080106	951	11,502	SH		SOLE		0	0	0
MANHATTAN ASSOCIATES INC.	COMMON STOCK	562750109	1,018	25,000	SH		SOLE		0	0	0
MARKET VECTORS CHINA AMC SME	EXCHANGE TRADED FUNDS	57061R361	11,524	400,000	SH		SOLE		0	0	0
MARKWEST ENERGY PARTNERS, L.P.	LTD PARTNERSHIP	570759100	1,193	17,757	SH		SOLE		0	0	0
MCGRAW-HILL COMPANIES INC.	COMMON STOCK	580645109	25,883	290,881	SH		SOLE		0	0	0
MCKESSON CORP	COMMON STOCK	58155Q103	40,637	195,764	SH		DFND		0	0	0
MEDIDATA SOLUTIONS INC.	COMMON STOCK	58471A105	1,819	38,084	SH		DFND		0	0	0
MICRON TECHNOLOGY, INC.	COMMON STOCK	595112103	18,977	542,040	SH		SOLE		0	0	0
MICRON TECHNOLOGY, INC.	OPTIONS	595112903	126	1,250	SH	Call	DFND		0	0	0
MICROSOFT CORPORATION	COMMON STOCK	594918104	95,416	2,054,175	SH		DFND		0	0	0
MIDCOAST ENERGY PARTNERS LP	LTD PARTNERSHIP	59564N103	704	51,447	SH		SOLE		0	0	0
MIMEDX GROUP INC	COMMON STOCK	602496101	4,194	363,750	SH		SOLE		0	0	0
MINERVA NEUROSCIENCES INC	COMMON STOCK	595112103	770	127,500	SH		SOLE		0	0	0
MPLX LP	LTD PARTNERSHIP	595112103	708	9,635	SH		SOLE		0	0	0
NANOSTRING TECHNOLOGIES INC	COMMON STOCK	595112103	1,839	132,011	SH		SOLE		0	0	0
NETAPP INC	COMMON STOCK	64110D104	6,122	147,700	SH		DFND		0	0	0
NEXPOINT CREDIT STRATEGIES FUND (FKA HIGHLAND CREDIT STRATEGIES FUND)	CLOSE END FIXED INCOME MUTUAL FUNDS	65340G106	49,801	4,434,669	SH		DFND		0	0	0
NGL ENERGY PARTNERS LP	LTD PARTNERSHIP	62913M107	636	22,708	SH		SOLE		0	0	0
NORTHSTAR ASSET MANAGEMENT C	COMMON STOCK	66705Y104	18,797	832,830	SH		SOLE		0	0	0
NORTHSTAR REALTY FINANCE COR	COMMON STOCK	66704R704	18,727	1,065,255	SH		SOLE		0	0	0
NRG HOLDINGS, INC.	COMMON STOCK	629377508	97,704	3,625,375	SH		DFND		0	0	0
NUVASIVE INC.	COMMON STOCK	670704105	14,023	297,340	SH		DFND		0	0	0
NXP SEMICONDUCTOR NV	COMMON STOCK	N6596X109	18,768	245,650	SH		SOLE		0	0	0
OCCIDENTAL PETROLEUM CORP.	COMMON STOCK	674599105	677	8,400	SH		SOLE		0	0	0
OCEAN RIG UDW INC.	COMMON STOCK	Y64354205	69,421	7,480,667	SH		DFND		0	0	0
OILTANKING PARTNERS LP	LTD PARTNERSHIP	678049107	815	17,490	SH		SOLE		0	0	0
ONCOTHYREON INC	COMMON STOCK	682324108	1,077	566,609	SH		SOLE		0	0	0
ONEOK INC.	COMMON STOCK	682680103	792	15,906	SH		SOLE		0	0	0
ONEOK PARTNERS LP	LTD PARTNERSHIP	68268N103	363	9,157	SH		SOLE		0	0	0
OTONOMY INC	COMMON STOCK	68906L105	1,183	35,491	SH		SOLE		0	0	0
PACIRA PHARMACEUTICALS, INC.	COMMON STOCK	695127100	2,622	29,573	SH		SOLE		0	0	0
PATTERSON COMPANIES, INC	COMMON STOCK	703395103	11,871	246,800	SH		SOLE		0	0	0
PATTERSON COMPANIES, INC	OPTIONS	703395903	1,378	2,600	SH	Call	SOLE		0	0	0
PENDRELL CORPORATION ( F.K.A. ICO GLOBAL COMMUNICATIONS)	COMMON STOCK	70686R104	62,943	45,611,145	SH		DFND		0	0	0
PHILLIPS 66 PARTNERS LP	LTD PARTNERSHIP	718549207	462	6,709	SH		SOLE		0	0	0
PHOENIX NEW MEDIA LTD -ADR	ADR	71910C103	2,078	250,000	SH		SOLE		0	0	0
PINNACLE FOODS FINANCE LLC	COMMON STOCK	72348P104	13,936	394,800	SH		SOLE		0	0	0
PIONEER NATURAL RESOURCES CO	COMMON STOCK	723787107	10,885	73,125	SH		DFND		0	0	0
PLAINS ALL AMER PIPELINE LP	LTD PARTNERSHIP	726503105	749	14,590	SH		SOLE		0	0	0
PLAINS GP HOLDINGS LP	LTD PARTNERSHIP	72651A108	661	25,740	SH		SOLE		0	0	0
PORTOLA PHARMACEUTICALS INC	COMMON STOCK	737010108	1,410	49,800	SH		DFND		0	0	0
POWERSHARES GLD DRG H USX CH	EXCHANGE TRADED FUNDS	73935X401	5,570	200,000	SH		SOLE		0	0	0
PRECISION CASTPARTS CORP.	COMMON STOCK	740189105	27,631	114,709	SH		DFND		0	0	0
PROQR THERAPEUTICS BV	COMMON STOCK	N71542109	4,547	209,824	SH		SOLE		0	0	0
PROSHARES ULTRA GOLD	EXCHANGE TRADED FUNDS	74347W601	2,541	66,145	SH		DFND		0	0	0
PROSHARES ULTRA KBW REGIONAL	EXCHANGE TRADED FUNDS	74347X484	1,634	17,500	SH		SOLE		0	0	0
PROSHARES ULTRA SILVER	EXCHANGE TRADED FUNDS	74347W353	23,882	627,639	SH		DFND		0	0	0
PROSHARES ULTRASHORT NAS BIO	EXCHANGE TRADED FUNDS	74347B789	14,033	305,055	SH		DFND		0	0	0
QUEST DIAGNOSTICS INC.	COMMON STOCK	74834L100	5,841	87,100	SH		SOLE		0	0	0
RACKSPACE HOSTING, INC.	COMMON STOCK	750086100	40,886	873,448	SH		DFND		0	0	0
RAYONIER ADVANCED MATERI-W/I	COMMON STOCK	75508B104	316	14,166	SH		SOLE		0	0	0
RAYONIER INC.	COMMON STOCK	754907103	1,187	42,500	SH		SOLE		0	0	0
RCS CAPITAL CORP	COMMON STOCK	74937W102	5,728	467,940	SH		SOLE		0	0	0
REGENCY ENERGY PARTNERS, L.P.	LTD PARTNERSHIP	75885Y107	634	26,423	SH		SOLE		0	0	0
REPROS THERAPEUTICS INC.	COMMON STOCK	76028H209	937	93,941	SH		DFND		0	0	0
RESTORATION HARDWARE HOLDING	COMMON STOCK	761283100	5,482	57,100	SH		SOLE		0	0	0
ROYAL CARIBBEAN CRUISES LTD	COMMON STOCK	V7780T103	39,912	484,195	SH		DFND		0	0	0
RYMAN HOSPITALITY PROPERTIES	COMMON STOCK	78377T107	9,688	183,700	SH		SOLE		0	0	0
SAREPTA THERAPEUTICS INC.	COMMON STOCK	803607100	3,311	228,824	SH		DFND		0	0	0
SBA COMMUNICATIONS CORP-CL A	COMMON STOCK	78388J106	9,307	84,032	SH		SOLE		0	0	0
SEADRILL LTD.	LTD PARTNERSHIP	G7945E105	561	34,547	SH		SOLE		0	0	0
SEAWORLD ENTERTAINMENT INC	COMMON STOCK	81282V100	42,205	2,357,800	SH		DFND		0	0	0
SEMGROUP CORP-CLASS A	COMMON STOCK	81663A105	639	9,340	SH		SOLE		0	0	0
SERVICE CORPORATION INTERNATIONAL	COMMON STOCK	817565104	12,279	540,940	SH		DFND		0	0	0
SERVICE-NOW.COM	COMMON STOCK	81762P102	10,707	157,800	SH		SOLE		0	0	0
SMALL CAP BULL 3X SHARES	EXCHANGE TRADED FUNDS	25459W847	1,619	20,000	SH		SOLE		0	0	0
SOTHEBY'S	COMMON STOCK	835898107	15,979	370,050	SH		SOLE		0	0	0
SOUTHWEST AIRLINES CO.	COMMON STOCK	844741108	39,201	926,300	SH		DFND		0	0	0
SPECTRUM BRANDS, INC.	COMMON STOCK	84763R101	10,266	107,300	SH		SOLE		0	0	0
SPIRIT REALTY CAPITAL, INC. (FKA SPIRIT FINANCE CORPORATION)	COMMON STOCK	84860W102	50,170	4,219,497	SH		DFND		0	0	0
STAPLES INC.	COMMON STOCK	855030102	31,941	1,762,725	SH		DFND		0	0	0
STREAMLINE HEALTH SOLUTIONS INC.	COMMON STOCK	86323X106	1,095	252,782	SH		SOLE		0	0	0
SUNOCO LOGISTICS PARTNERS LP	LTD PARTNERSHIP	86764L108	601	14,390	SH		SOLE		0	0	0
SWS GROUP INC.	COMMON STOCK	78503n107	22,584	3,268,307	SH		DFND		0	0	0
TALLGRASS ENERGY PARTNERS LP	LTD PARTNERSHIP	874697105	966	21,601	SH		SOLE		0	0	0
TARGA RESOURCES, INC.	COMMON STOCK	87612G101	1,179	11,118	SH		SOLE		0	0	0
TARGA RESOURCES, INC.	LTD PARTNERSHIP	87611X905	829	17,324	SH		SOLE		0	0	0
TEAM FINANCE LLC (A.K.A TEAM HEALTH HOLDINGS, LLC)	COMMON STOCK	87817A107	4,292	74,600	SH		SOLE		0	0	0
TEEKAY CORPORATION	COMMON STOCK	Y8564W103	415	8,159	SH		SOLE		0	0	0
TERADATA CORP	COMMON STOCK	88076W103	11,536	264,100	SH		DFND		0	0	0
TESORO LOGISTICS LP	LTD PARTNERSHIP	88160T107	830	14,102	SH		SOLE		0	0	0
THERMO FISHER SCIENTIFIC INC.	COMMON STOCK	883556102	1,602	12,786	SH		SOLE		0	0	0
TIVO INC.	COMMON STOCK	888706108	23,144	1,954,701	SH		DFND		0	0	0
TIVO INC.	OPTIONS	888706908	108	8,750	SH	Call	DFND		0	0	0
TORCHMARK CORP.	COMMON STOCK	891027104	2,602	48,025	SH		SOLE		0	0	0
TORREYPINES THERAPEUTICS INC	COMMON STOCK	75382F106	2,225	211,500	SH		SOLE		0	0	0
TRIBUNE CO/NEW	COMMON STOCK	896047503	466	7,800	SH		SOLE		0	0	0
ULTA SALON COSMETICS & FRAGR	COMMON STOCK	90384S303	1,023	8,000	SH		SOLE		0	0	0
UNIVERSAL HEALTH SERVICES, INC.	COMMON STOCK	913903100	13,173	118,400	SH		SOLE		0	0	0
US AIRWAYS, INC.	COMMON STOCK	02376R102	396,514	7,393,515	SH		DFND		0	0	0
VALEANT PHARMACEUTICALS INTERNATIONAL	COMMON STOCK	91911K102	29,210	204,108	SH		DFND		0	0	0
VALERO ENERGY PARTNERS LP	LTD PARTNERSHIP	91914J102	482	11,150	SH		SOLE		0	0	0
VCA ANTECH INC.	COMMON STOCK	918194101	16,516	338,641	SH		DFND		0	0	0
VIPER ENERGY PARTNERS LP	LTD PARTNERSHIP	92763M105	8,074	445,365	SH		SOLE		0	0	0
WATSON WYATT WORLDWIDE INC-A	COMMON STOCK	891894107	4,357	38,500	SH		DFND		0	0	0
WESTERN GAS EQUITY PARTNERS	LTD PARTNERSHIP	95825R103	1,059	17,583	SH		SOLE		0	0	0
WESTERN REFINING, INC.	LTD PARTNERSHIP	95931Q205	368	12,055	SH		SOLE		0	0	0
WILLIAMS COS INC.	COMMON STOCK	969457100	986	21,942	SH		SOLE		0	0	0
WRIGHT MEDICAL GROUP INC.	EQUITY WARRANTS	98235T115	331	69,326	SH		SOLE		0	0	0
ZOETIS INC	COMMON STOCK	98978V103	5,973	138,800	SH		DFND		0	0	0
ZS PHARMA INC	COMMON STOCK	98979G105	1,510	36,334	SH		SOLE		0	0	0