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 |
POLYCOM INC | COM | 73172K104 | 164,619 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
ACCO BRANDS CORP | COM | 00081T108 | 80,040 | 11,600 | SH | | SOLE | | 11,600 | 0 | 0 |
ENERGY TRANSFER PARTNERS LP | COM | 29273R109 | 253,720 | 3,965 | SH | | SOLE | | 3,965 | 0 | 0 |
HUDSON CITY BANCORP INC | COM | 443683107 | 132,192 | 13,600 | SH | | SOLE | | 13,600 | 0 | 0 |
STARWOOD WAYPOINT RESIDE | COM | 85571W109 | 201,395 | 7,743 | SH | | SOLE | | 7,743 | 0 | 0 |
CARRIZO OIL & GAS INC | COM | 144577103 | 215,280 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
LORILLARD INC | COM | 544147101 | 251,622 | 4,200 | SH | | SOLE | | 4,200 | 0 | 0 |
WELLS FARGO & CO | COM | 949746101 | 404,586 | 7,800 | SH | | SOLE | | 7,800 | 0 | 0 |
MERITOR INC | COM | 59001K100 | 150,815 | 13,900 | SH | | SOLE | | 13,900 | 0 | 0 |
BANK OF AMERICA CORP | COM | 060505104 | 351,230 | 20,600 | SH | | SOLE | | 20,600 | 0 | 0 |
CISCO SYSTEMS INC | COM | 17275R102 | 402,720 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
KOHLS CORP | COM | 500255104 | 213,605 | 3,500 | SH | | SOLE | | 3,500 | 0 | 0 |
CBS OUTDOOR AMERICAS INC | COM | 14987J106 | 389,220 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
HOME DEPOT INC | COM | 437076102 | 247,698 | 2,700 | SH | | SOLE | | 2,700 | 0 | 0 |
LIBERTY MEDIA CORP - A | COM | 531229102 | 495,390 | 10,500 | SH | | SOLE | | 10,500 | 0 | 0 |
SPIRIT AEROSYSTEMS HOLD-CL A | COM | 848574109 | 213,136 | 5,600 | SH | | SOLE | | 5,600 | 0 | 0 |
COMERICA INC-CW18 | WTS | 200340115 | 3,813,392 | 184,400 | SH | | SOLE | | 184,400 | 0 | 0 |
APOLLO INVESTMENT CORP | COM | 03761U106 | 96,406 | 11,800 | SH | | SOLE | | 11,800 | 0 | 0 |
SPDR S&P 500 ETF TRUST | ETF | 78462F103 | 394,040 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
NOW INC | COM | 67011P100 | 206,027 | 6,775 | SH | | SOLE | | 6,775 | 0 | 0 |
JPMORGAN CHASE & CO | COM | 46625H100 | 433,728 | 7,200 | SH | | SOLE | | 7,200 | 0 | 0 |
PGT INC | COM | 69336V101 | 161,236 | 17,300 | SH | | SOLE | | 17,300 | 0 | 0 |
PNC FINANCIAL SERVICES-CW18 | WTS | 693475121 | 4,243,579 | 185,674 | SH | | SOLE | | 185,674 | 0 | 0 |
ENTERPRISE PRODUCTS PARTNERS | COM | 293792107 | 218,103 | 5,412 | SH | | SOLE | | 5,412 | 0 | 0 |
GLU MOBILE INC | COM | 379890106 | 151,481 | 29,300 | SH | | SOLE | | 29,300 | 0 | 0 |
TRIANGLE PETROLEUM CORP | COM | 89600B201 | 191,574 | 17,400 | SH | | SOLE | | 17,400 | 0 | 0 |
RIGHTSIDE GROUP LTD | COM | 76658B100 | 97,704 | 10,021 | SH | | SOLE | | 10,021 | 0 | 0 |
DEERE & CO | COM | 244199105 | 344,358 | 4,200 | SH | | SOLE | | 4,200 | 0 | 0 |
ASSURANT INC | COM | 04621X108 | 205,760 | 3,200 | SH | | SOLE | | 3,200 | 0 | 0 |
SUPERIOR ENERGY SERVICES INC | COM | 868157108 | 210,368 | 6,400 | SH | | SOLE | | 6,400 | 0 | 0 |
BLACKROCK MUNICIPAL TARGET | ETF | 09257P105 | 1,079,040 | 54,305 | SH | | SOLE | | 54,305 | 0 | 0 |
CHIMERA INVESTMENT CORP | COM | 16934Q109 | 851,200 | 280,000 | SH | | SOLE | | 280,000 | 0 | 0 |
CALLON PETROLEUM CO | COM | 13123X102 | 167,390 | 19,000 | SH | | SOLE | | 19,000 | 0 | 0 |
STILLWATER MINING CO | COM | 86074Q102 | 165,330 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
JAZZ PHARMACEUTICALS PLC | COM | 472147107 | 240,840 | 1,500 | SH | | SOLE | | 1,500 | 0 | 0 |
TECH DATA CORP | COM | 878237106 | 211,896 | 3,600 | SH | | SOLE | | 3,600 | 0 | 0 |
ACTAVIS PLC | COM | 00507K103 | 225,596 | 935 | SH | | SOLE | | 935 | 0 | 0 |
NUVEEN MORT OPPORT TERM FD | ETF | 670735109 | 245,100 | 10,320 | SH | | SOLE | | 10,320 | 0 | 0 |
ABRAXAS PETROLEUM CORP | COM | 003830106 | 200,112 | 37,900 | SH | | SOLE | | 37,900 | 0 | 0 |
INVESCO AD MIT II | ETF | 46132E103 | 168,651 | 14,820 | SH | | SOLE | | 14,820 | 0 | 0 |
TCF FINANCIAL CORP-CW18 | WTS | 872275128 | 395,108 | 144,200 | SH | | SOLE | | 144,200 | 0 | 0 |
CAPITAL ONE FINANCIAL C-CW18 | WTS | 14040H139 | 1,001,000 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
ALLIANCE RESOURCE PARTNERS | COM | 01877R108 | 239,904 | 5,600 | SH | | SOLE | | 5,600 | 0 | 0 |
JETBLUE AIRWAYS CORP | COM | 477143101 | 201,780 | 19,000 | SH | | SOLE | | 19,000 | 0 | 0 |
REINSURANCE GROUP OF AMERICA | COM | 759351604 | 216,351 | 2,700 | SH | | SOLE | | 2,700 | 0 | 0 |
AETNA INC | COM | 00817Y108 | 247,860 | 3,060 | SH | | SOLE | | 3,060 | 0 | 0 |
ON SEMICONDUCTOR CORP | COM | 682189105 | 162,708 | 18,200 | SH | | SOLE | | 18,200 | 0 | 0 |
AMKOR TECHNOLOGY INC | COM | 031652100 | 172,405 | 20,500 | SH | | SOLE | | 20,500 | 0 | 0 |
CITIGROUP INC | COM | 172967424 | 295,374 | 5,700 | SH | | SOLE | | 5,700 | 0 | 0 |
WASHINGTON PRIME GROUP | COM | 939647103 | 321,632 | 18,400 | SH | | SOLE | | 18,400 | 0 | 0 |
UNITED STATES STEEL CORP | COM | 912909108 | 274,190 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
BGC PARTNERS INC-CL A | COM | 05541T101 | 85,445 | 11,500 | SH | | SOLE | | 11,500 | 0 | 0 |
GASTAR EXPLORATION LTD | COM | 36729W202 | 222,473 | 37,900 | SH | | SOLE | | 37,900 | 0 | 0 |
NEWPARK RESOURCES INC | COM | 651718504 | 140,572 | 11,300 | SH | | SOLE | | 11,300 | 0 | 0 |
LEAR CORP | COM | 521865204 | 207,384 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
BALL CORP | COM | 058498106 | 215,118 | 3,400 | SH | | SOLE | | 3,400 | 0 | 0 |
PENNYMAC MORTGAGE INVESTMENT | COM | 70931T103 | 214,300 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
BOOZ ALLEN HAMILTON HOLDINGS | COM | 099502106 | 250,380 | 10,700 | SH | | SOLE | | 10,700 | 0 | 0 |
SANMINA CORP | COM | 801056102 | 214,858 | 10,300 | SH | | SOLE | | 10,300 | 0 | 0 |
JOHNSON CONTROLS INC | COM | 478366107 | 255,200 | 5,800 | SH | | SOLE | | 5,800 | 0 | 0 |
VISHAY INTERTECHNOLOGY INC | COM | 928298108 | 165,764 | 11,600 | SH | | SOLE | | 11,600 | 0 | 0 |
ARROW ELECTRONICS INC | COM | 042735100 | 232,470 | 4,200 | SH | | SOLE | | 4,200 | 0 | 0 |
AMERICAN INTERNATIONAL GROUP | COM | 026874784 | 205,276 | 3,800 | SH | | SOLE | | 3,800 | 0 | 0 |
TEXTRON INC | COM | 883203101 | 233,935 | 6,500 | SH | | SOLE | | 6,500 | 0 | 0 |
CIGNA CORP | COM | 125509109 | 208,587 | 2,300 | SH | | SOLE | | 2,300 | 0 | 0 |
INVESCO MORTGAGE CAPITAL | COM | 46131B100 | 254,664 | 16,200 | SH | | SOLE | | 16,200 | 0 | 0 |
NUVEEN INT DUR MUNI TERM FD | ETF | 670671106 | 683,917 | 54,845 | SH | | SOLE | | 54,845 | 0 | 0 |
SANOFI CVR | COM | 80105N113 | 35,247 | 75,800 | SH | | SOLE | | 75,800 | 0 | 0 |
TWENTY-FIRST CENTURY FOX - B | COM | 90130A200 | 4,663,400 | 140,000 | SH | | SOLE | | 140,000 | 0 | 0 |
QIWI PLC-SPONSORED ADR | COM | 74735M108 | 202,176 | 6,400 | SH | | SOLE | | 6,400 | 0 | 0 |
FIFTH STREET FINANCE CORP | COM | 31678A103 | 106,488 | 11,600 | SH | | SOLE | | 11,600 | 0 | 0 |
TIME WARNER CABLE | COM | 88732J207 | 200,886 | 1,400 | SH | | SOLE | | 1,400 | 0 | 0 |
NORANDA ALUMINUM HOLDING COR | COM | 65542W107 | 98,084 | 21,700 | SH | | SOLE | | 21,700 | 0 | 0 |
GOOGLE INC-CL C | COM | 38259P706 | 11,231,961 | 19,454 | SH | | SOLE | | 19,454 | 0 | 0 |
EMERALD OIL INC | COM | 29101U209 | 128,535 | 20,900 | SH | | SOLE | | 20,900 | 0 | 0 |
HCA HOLDINGS INC | COM | 40412C101 | 338,496 | 4,800 | SH | | SOLE | | 4,800 | 0 | 0 |
LIBERTY MEDIA CORP - C | COM | 531229300 | 1,340,436 | 28,526 | SH | | SOLE | | 28,526 | 0 | 0 |
RF MICRO DEVICES INC | COM | 749941100 | 713,172 | 61,800 | SH | | SOLE | | 61,800 | 0 | 0 |
UNITED RENTALS INC | COM | 911363109 | 222,200 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
BLACKHAWK NETWORK HD-B | COM | 09238E203 | 433,046 | 13,407 | SH | | SOLE | | 13,407 | 0 | 0 |
CELANESE CORP-SERIES A | COM | 150870103 | 263,340 | 4,500 | SH | | SOLE | | 4,500 | 0 | 0 |
GLOBAL CASH ACCESS HOLDINGS | COM | 378967103 | 137,025 | 20,300 | SH | | SOLE | | 20,300 | 0 | 0 |
INTEL CORP | COM | 458140100 | 243,740 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
XEROX CORP | COM | 984121103 | 235,030 | 17,765 | SH | | SOLE | | 17,765 | 0 | 0 |
FAIRCHILD SEMICONDUCTOR INTE | COM | 303726103 | 212,761 | 13,700 | SH | | SOLE | | 13,700 | 0 | 0 |
HUNTINGTON BANCSHARES INC | COM | 446150104 | 116,760 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QU II | ETF | 09254C107 | 167,062 | 12,580 | SH | | SOLE | | 12,580 | 0 | 0 |
SYNERGY RESOURCES CORP | COM | 87164P103 | 176,755 | 14,500 | SH | | SOLE | | 14,500 | 0 | 0 |
VALLEY NATIONAL BANCORP-CW18 | WTS | 919794131 | 19,000 | 76,000 | SH | | SOLE | | 76,000 | 0 | 0 |
ALASKA AIR GROUP INC | COM | 011659109 | 200,284 | 4,600 | SH | | SOLE | | 4,600 | 0 | 0 |
ULTRA CLEAN HOLDINGS INC | COM | 90385V107 | 112,770 | 12,600 | SH | | SOLE | | 12,600 | 0 | 0 |
MGIC INVESTMENT CORP | COM | 552848103 | 86,691 | 11,100 | SH | | SOLE | | 11,100 | 0 | 0 |
SOUTHWEST AIRLINES CO | COM | 844741108 | 202,620 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
COMCAST CORP-SPECIAL CL A | COM | 20030N200 | 2,140,000 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
WARREN RESOURCES INC | COM | 93564A100 | 119,250 | 22,500 | SH | | SOLE | | 22,500 | 0 | 0 |
TOKYO ELECTRON LTD-UNSP ADR | COM | 889110102 | 211,900 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
MICRON TECHNOLOGY INC | COM | 595112103 | 219,264 | 6,400 | SH | | SOLE | | 6,400 | 0 | 0 |
BROCADE COMMUNICATIONS SYS | COM | 111621306 | 172,833 | 15,900 | SH | | SOLE | | 15,900 | 0 | 0 |
TRW AUTOMOTIVE HOLDINGS CORP | COM | 87264S106 | 344,250 | 3,400 | SH | | SOLE | | 3,400 | 0 | 0 |
WABASH NATIONAL CORP | COM | 929566107 | 142,524 | 10,700 | SH | | SOLE | | 10,700 | 0 | 0 |
SYMMETRY MEDICAL INC | COM | 871546206 | 104,936 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
HEALTH NET INC | COM | 42222G108 | 322,770 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
ASHLAND INC | COM | 044209104 | 218,610 | 2,100 | SH | | SOLE | | 2,100 | 0 | 0 |
DILLARDS INC-CL A | COM | 254067101 | 217,960 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
ACTIVISION BLIZZARD INC | COM | 00507V109 | 249,480 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
TENNECO INC | COM | 880349105 | 277,243 | 5,300 | SH | | SOLE | | 5,300 | 0 | 0 |
TRAVELERS COS INC/THE | COM | 89417E109 | 272,426 | 2,900 | SH | | SOLE | | 2,900 | 0 | 0 |
TYSON FOODS INC-CL A | COM | 902494103 | 212,598 | 5,400 | SH | | SOLE | | 5,400 | 0 | 0 |
PERFECT WORLD CO-SPON ADR | COM | 71372U104 | 200,838 | 10,200 | SH | | SOLE | | 10,200 | 0 | 0 |
ISHARES NATIONAL AMT-FREE MU | ETF | 464288414 | 756,064 | 6,894 | SH | | SOLE | | 6,894 | 0 | 0 |
BROADCOM CORP-CL A | COM | 111320107 | 210,184 | 5,200 | SH | | SOLE | | 5,200 | 0 | 0 |
EMULEX CORP | COM | 292475209 | 94,354 | 19,100 | SH | | SOLE | | 19,100 | 0 | 0 |
SELECT MEDICAL HOLDINGS CORP | COM | 816196109 | 164,811 | 13,700 | SH | | SOLE | | 13,700 | 0 | 0 |
WELLPOINT INC | COM | 94973V107 | 299,050 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |