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| | | 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 |
ACCURIDE CORP NEW COM STK | COM | 00439T206 | 909 | 195,000 | SH | | SOLE | | 195,000 | 0 | 0 |
ADVISORY BOARD CO COM STK | COM | 00762W107 | 2,664 | 50,000 | SH | Put | SOLE | | 50,000 | 0 | 0 |
ALIGN TECHNOLOGY INC COM STK | COM | 016255101 | 1,614 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
ALIGN TECHNOLOGY INC COM STK | COM | 016255101 | 807 | 15,000 | SH | Put | SOLE | | 15,000 | 0 | 0 |
ALIGN TECHNOLOGY INC COM STK | COM | 016255101 | 1,345 | 25,000 | SH | Put | SOLE | | 25,000 | 0 | 0 |
AMAZON COM INC COM STK | COM | 023135106 | 2,977 | 8,000 | SH | Put | SOLE | | 8,000 | 0 | 0 |
AMERICAN WATER WKS CO INC | COM | 030420103 | 2,168 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
ANADARKO PETE CORP COM STK | COM | 032511107 | 1,077 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
ASHLAND INC COM STK | COM | 044209104 | 4,201 | 33,000 | SH | | SOLE | | 33,000 | 0 | 0 |
B/E AEROSPACE INC COM STK | COM | 073302101 | 1,909 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
BANK NEW YORK MELLON CORP COM | COM | 064058100 | 4,829 | 120,000 | SH | | SOLE | | 120,000 | 0 | 0 |
BANK OF THE OZARKS INC COM STK | COM | 063904106 | 1,293 | 35,000 | SH | Put | SOLE | | 35,000 | 0 | 0 |
BANK OF THE OZARKS INC COM STK | COM | 063904106 | 923 | 25,000 | SH | Put | SOLE | | 25,000 | 0 | 0 |
BOFI HOLDINGINC COM | COM | 05566U108 | 1,861 | 20,000 | SH | Put | SOLE | | 20,000 | 0 | 0 |
BRIDGEPOINT EDUCATION INC | COM | 10807M105 | 965 | 100,000 | SH | Put | SOLE | | 100,000 | 0 | 0 |
BRINKER INTL INC COM STK | COM | 109641100 | 3,078 | 50,000 | SH | Put | SOLE | | 50,000 | 0 | 0 |
BROADCOM CORP CL A | COM | 111320107 | 1,515 | 35,000 | SH | Put | SOLE | | 35,000 | 0 | 0 |
CALAVO GROWERS INC COM STK | COM | 128246105 | 4,371 | 85,000 | SH | | SOLE | | 85,000 | 0 | 0 |
CARMAX INC COM STK | COM | 143130102 | 1,553 | 22,500 | SH | Put | SOLE | | 22,500 | 0 | 0 |
CENT FUND CL-A | COM | 153501101 | 1,312 | 110,000 | SH | | SOLE | | 110,000 | 0 | 0 |
CORNING INC | COM | 219350105 | 1,134 | 50,000 | SH | Put | SOLE | | 50,000 | 0 | 0 |
E TRADE FINL CORP COM STK | COM | 269246401 | 1,285 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
EL PASO ELECTRIC CO COM STK | COM | 283677854 | 1,005 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
ELECTRONIC ART INC | COM | 285512109 | 1,764 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
FOOT LOCKER INC COM STK | COM | 344849104 | 2,709 | 43,000 | SH | Put | SOLE | | 43,000 | 0 | 0 |
FRANKLIN RESOURCES INC. COM ST | COM | 354613101 | 3,336 | 65,000 | SH | Put | SOLE | | 65,000 | 0 | 0 |
FRANKLIN RESOURCES INC. COM ST | COM | 354613101 | 1,540 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
FTI CONSULTING INC COM STK | COM | 302941109 | 1,498 | 40,000 | SH | Put | SOLE | | 40,000 | 0 | 0 |
FTI CONSULTING INC COM STK | COM | 302941109 | 2,622 | 70,000 | SH | Put | SOLE | | 70,000 | 0 | 0 |
GENERAL ELECTRIC CO COM STK | COM | 369604103 | 1,985 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
GOOGLE INC CL A COM S | COM | 38259P508 | 4,438 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
INTEL CORP COM STK | COM | 458140100 | 1,876 | 60,000 | SH | Put | SOLE | | 60,000 | 0 | 0 |
JPMORGAN CHASE & CO COM | COM | 46625H100 | 1,636 | 27,000 | SH | | SOLE | | 27,000 | 0 | 0 |
KROGER CO COM STK | COM | 501044101 | 2,491 | 32,500 | SH | Put | SOLE | | 32,500 | 0 | 0 |
LANCASTER COLONY CORP COM STK | COM | 513847103 | 1,523 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
LIFELOCK | COM | 53224V100 | 1,411 | 100,000 | SH | Put | SOLE | | 100,000 | 0 | 0 |
LIMONEIRA CO COM STK | COM | 532746104 | 4,578 | 210,000 | SH | | SOLE | | 210,000 | 0 | 0 |
MASTERCARD INC CL A COM S | COM | 57636Q104 | 3,024 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
METRO BANCORP INC PA COM STK | COM | 59161R101 | 1,946 | 70,570 | SH | | SOLE | | 70,570 | 0 | 0 |
MGIC INVT CORP COM STK | COM | 552848103 | 5,056 | 525,000 | SH | | SOLE | | 525,000 | 0 | 0 |
MOLSON COORS BREWING | COM | 60871R209 | 1,117 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
MONDELEZ INT CLA COM STK | COM | 609207105 | 2,887 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
NEWMONT MINING CORP COM STK | COM | 651639106 | 1,737 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
NEXTERA ENERGY INC COM STK | COM | 65339F101 | 1,041 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
OCCIDENTAL PETE CORP | COM | 674599105 | 1,460 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
OLD REP INTL CORP COM STK | COM | 680223104 | 2,241 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
PENTAIR PLC COM STK | COM | G7S00T104 | 1,006 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
PRESTIGE BRANDS HOLDINGS INC | COM | 74112D101 | 1,287 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
PRESTIGE BRANDS HOLDINGS INC | COM | 74112D101 | 2,145 | 50,000 | SH | Put | SOLE | | 50,000 | 0 | 0 |
PRFRMC SPRT GRP | COM | 71377G100 | 3,315 | 170,000 | SH | | SOLE | | 170,000 | 0 | 0 |
QUEST DIAGNOSTICS INC | COM | 74834l100 | 3,074 | 40,000 | SH | Put | SOLE | | 40,000 | 0 | 0 |
SALESFORCE COM INC COM STK | COM | 79466L302 | 2,672 | 40,000 | SH | Put | SOLE | | 40,000 | 0 | 0 |
SCHWAB CHARLES CORP NEW COM ST | COM | 808513105 | 1,826 | 60,000 | SH | | SOLE | | 60,000 | 0 | 0 |
SEACOAST BANKING CORP OF FLORI | COM | 811707801 | 5,280 | 370,000 | SH | | SOLE | | 370,000 | 0 | 0 |
SIMON PROPERTY GROUP INC COM R | COM | 828806109 | 1,467 | 7,500 | SH | Put | SOLE | | 7,500 | 0 | 0 |
SJW CORP COM STK | COM | 784305104 | 388 | 12,539 | SH | | SOLE | | 12,539 | 0 | 0 |
SNYDERS-LANCE INC COM STK | COM | 833551104 | 4,794 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
SPDR GOLD TRUST ISIN :US78 | COM | 78463V107 | 1,137 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
SPRTS FRMR MKT | COM | 85208M102 | 1,057 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
STATE BK & TR CO PINEHURST GA | COM | 856190103 | 2,520 | 120,000 | SH | | SOLE | | 120,000 | 0 | 0 |
STIFEL FINANCIAL CORP COM STK | COM | 860630102 | 2,230 | 40,000 | SH | Put | SOLE | | 40,000 | 0 | 0 |
T ROWE PRICE GROUP INC | COM | 74144t108 | 3,950 | 50,000 | SH | Put | SOLE | | 50,000 | 0 | 0 |
T ROWE PRICE GROUP INC | COM | 74144t108 | 2,370 | 30,000 | SH | Put | SOLE | | 30,000 | 0 | 0 |
TWITTER INC | COM | 90184L102 | 1,002 | 20,000 | SH | Put | SOLE | | 20,000 | 0 | 0 |
TWTY-FRT CNTRY B | COM | 90130A200 | 2,137 | 65,000 | SH | | SOLE | | 65,000 | 0 | 0 |
WEYERHAEUSER CO COM STK | COM | 962166104 | 1,989 | 60,000 | SH | | SOLE | | 60,000 | 0 | 0 |
ANHEISER-BUSCH INBEV-SPN ADR | ADR | 03524A108 | 3,292 | 27,000 | SH | | SOLE | | 27,000 | 0 | 0 |