Trellus 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
ACCURAY INC	COM	004397105	450	90,000	SH		SOLE		90,000	0	0
AGENUS INC	COM NEW	00847G705	300	65,200	SH		SOLE		65,200	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	560	9,500	SH		SOLE		9,500	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,320	15,000	SH		SOLE		15,000	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	2,842	51,600	SH		SOLE		51,600	0	0
AMPIO PHARMACEUTICALS INC	COM	03209T109	337	116,700	SH		SOLE		116,700	0	0
AMPIO PHARMACEUTICALS INC	COM	03209T109	231	80,000	SH	Call	SOLE		80,000	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	1,446	13,600	SH		SOLE		13,600	0	0
APTOSE BIOSCIENCES INC	COM NEW	03835T200	125	29,031	SH		SOLE		29,031	0	0
ARRAY BIOPHARMA INC	COM	04269X105	52	11,300	SH		SOLE		11,300	0	0
ATMEL CORP	COM	049513104	210	26,000	SH		SOLE		26,000	0	0
AUTODESK INC	COM	052769106	446	10,100	SH		SOLE		10,100	0	0
AVID TECHNOLOGY INC	COM	05367P100	318	40,000	SH		SOLE		40,000	0	0
BECTON DICKINSON & CO	COM	075887109	411	3,100	SH		SOLE		3,100	0	0
BLACKROCK INC	COM	09247X101	595	2,000	SH		SOLE		2,000	0	0
BOINGO WIRELESS INC	COM	09739C102	497	60,000	SH		SOLE		60,000	0	0
BOULDER BRANDS INC	COM	101405108	1,019	124,400	SH		SOLE		124,400	0	0
BROOKDALE SR LIVING INC	COM	112463104	231	10,065	SH		SOLE		10,065	0	0
CANADIAN SOLAR INC	COM	136635109	987	59,400	SH		SOLE		59,400	0	0
CANADIAN SOLAR INC	COM	136635109	499	30,000	SH	Call	SOLE		30,000	0	0
CARLYLE GROUP L P	COM UTS LTD PTN	14309L102	168	10,000	SH		SOLE		10,000	0	0
CAS MED SYS INC	COM PAR $0.004	124769209	223	178,312	SH		SOLE		178,312	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	365	35,500	SH		SOLE		35,500	0	0
CITIGROUP INC	COM NEW	172967424	1,488	30,000	SH	Call	SOLE		30,000	0	0
CREDIT SUISSE NASSAU BRH	INVRS VIX STERM	22542D795	368	15,100	SH		SOLE		15,100	0	0
CYPRESS ENERGY PARTNERS LP	LTD PARTNER INT	232751107	423	38,622	SH		SOLE		38,622	0	0
DIGITAL TURBINE INC	COM NEW	25400W102	489	270,000	SH		SOLE		270,000	0	0
DOW CHEM CO	COM	260543103	602	14,200	SH		SOLE		14,200	0	0
EBIX INC	COM NEW	278715206	624	25,000	SH		SOLE		25,000	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	747	30,000	SH		SOLE		30,000	0	0
FACEBOOK INC	CL A	30303M102	494	5,500	SH		SOLE		5,500	0	0
FARMLAND PARTNERS INC	COM	31154R109	710	67,624	SH		SOLE		67,624	0	0
FIBROCELL SCIENCE INC	COM NEW	315721209	443	114,936	SH		SOLE		114,936	0	0
FIESTA RESTAURANT GROUP INC	COM	31660B101	340	7,500	SH		SOLE		7,500	0	0
FIREEYE INC	COM	31816Q101	8,744	274,788	SH		SOLE		274,788	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	1,174	42,100	SH		SOLE		42,100	0	0
HANSEN MEDICAL INC	COM NEW	411307200	124	33,001	SH		SOLE		33,001	0	0
HEALTHWAYS INC	COM	422245100	778	70,000	SH		SOLE		70,000	0	0
HMS HLDGS CORP	COM	40425J101	745	85,000	SH		SOLE		85,000	0	0
HUNTSMAN CORP	COM	447011107	129	13,297	SH		SOLE		13,297	0	0
INCONTACT INC	COM	45336E109	333	44,300	SH		SOLE		44,300	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	247	2,000	SH		SOLE		2,000	0	0
ISHARES TR	TIPS BD ETF	464287176	221	2,000	SH		SOLE		2,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	707	11,600	SH		SOLE		11,600	0	0
JPMORGAN CHASE & CO	COM	46625H100	3,049	50,000	SH	Call	SOLE		50,000	0	0
KINDER MORGAN INC DEL	COM	49456B101	830	30,000	SH		SOLE		30,000	0	0
KKR & CO L P DEL	COM UNITS	48248M102	862	51,382	SH		SOLE		51,382	0	0
KOPIN CORP	COM	500600101	133	42,285	SH		SOLE		42,285	0	0
KRISPY KREME DOUGHNUTS INC	COM	501014104	146	10,000	SH		SOLE		10,000	0	0
LEXINGTON REALTY TRUST	COM	529043101	567	69,950	SH		SOLE		69,950	0	0
LION BIOTECHNOLOGIES INC	COM	53619R102	349	60,539	SH		SOLE		60,539	0	0
LSB INDS INC	COM	502160104	153	10,000	SH		SOLE		10,000	0	0
MACQUARIE INFRASTRUCTURE COR	COM	55608B105	1,108	14,840	SH		SOLE		14,840	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	456	33,200	SH		SOLE		33,200	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	1,374	100,000	SH	Call	SOLE		100,000	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	236	5,500	SH		SOLE		5,500	0	0
NAVIOS MARITIME HOLDINGS INC	COM	Y62196103	95	37,972	SH		SOLE		37,972	0	0
OREXIGEN THERAPEUTICS INC	COM	686164104	127	60,000	SH		SOLE		60,000	0	0
OVASCIENCE INC	COM	69014Q101	206	24,299	SH		SOLE		24,299	0	0
PACIFIC BIOSCIENCES CALIF IN	COM	69404D108	384	104,800	SH		SOLE		104,800	0	0
PIXELWORKS INC	COM NEW	72581M305	186	51,400	SH		SOLE		51,400	0	0
POINTS INTL LTD	COM NEW	730843208	1,332	122,681	SH		SOLE		122,681	0	0
PPG INDS INC	COM	693506107	963	10,980	SH		SOLE		10,980	0	0
QUANTA SVCS INC	COM	74762E102	1,332	55,000	SH		SOLE		55,000	0	0
QUIDEL CORP	COM	74838J101	627	33,236	SH		SOLE		33,236	0	0
REGULUS THERAPEUTICS INC	COM	75915K101	654	100,000	SH		SOLE		100,000	0	0
RENTECH INC	COM NEW	760112201	283	50,600	SH		SOLE		50,600	0	0
RITTER PHARMACEUTICALS INC	COM	767836109	41	20,000	SH		SOLE		20,000	0	0
RIVER VY BANCORP	COM	768475105	878	39,468	SH		SOLE		39,468	0	0
RUBICON PROJ INC	COM	78112V102	383	26,364	SH		SOLE		26,364	0	0
RUCKUS WIRELESS INC	COM	781220108	162	13,600	SH		SOLE		13,600	0	0
SCHLUMBERGER LTD	COM	806857108	232	3,368	SH		SOLE		3,368	0	0
SOTHEBYS	COM	835898107	454	14,200	SH		SOLE		14,200	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	8,549	80,000	SH	Call	SOLE		80,000	0	0
STONECASTLE FINL CORP	COM	861780104	655	38,933	SH		SOLE		38,933	0	0
SUNEDISON INC	COM	86732Y109	292	40,732	SH		SOLE		40,732	0	0
SUNOCO LP	COM U REP LP	86765K109	330	9,762	SH		SOLE		9,762	0	0
SURMODICS INC	COM	868873100	862	39,455	SH		SOLE		39,455	0	0
SYNERGY PHARMACEUTICALS DEL	COM NEW	871639308	863	162,900	SH		SOLE		162,900	0	0
TEARLAB CORP	COM	878193101	733	364,900	SH		SOLE		364,900	0	0
TRANSGENOMIC INC	COM NEW	89365K305	115	124,500	SH		SOLE		124,500	0	0
VERMILLION INC	COM NEW	92407M206	363	181,728	SH		SOLE		181,728	0	0
VERTEX ENERGY INC	COM	92534K107	1,758	821,391	SH		SOLE		821,391	0	0
VICOR CORP	COM	925815102	1,572	154,125	SH		SOLE		154,125	0	0
WABTEC CORP	COM	929740108	352	4,000	SH		SOLE		4,000	0	0
WILLIAMS COS INC DEL	COM	969457100	553	15,000	SH		SOLE		15,000	0	0