0000919574-11-006259.txt : 20111114 0000919574-11-006259.hdr.sgml : 20111111 20111114142813 ACCESSION NUMBER: 0000919574-11-006259 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porter Orlin LLC CENTRAL INDEX KEY: 0001326537 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11383 FILM NUMBER: 111201056 BUSINESS ADDRESS: STREET 1: 666 FIFTH AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10103 BUSINESS PHONE: 212-484-5000 MAIL ADDRESS: STREET 1: 666 FIFTH AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10103 13F-HR 1 d1235210_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended September 30, 2011 Check here if Amendment: | |; Amendment Number: This Amendment (Check only one): | | is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Porter Orlin LLC Address: 666 Fifth Avenue Suite 3403 New York, NY 10103 13F File Number: 028-11383 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: William C. Verdi Title: Chief Financial Officer Phone: 212-484-5000 Signature, Place and Date of Signing: /s/ William C. Verdi New York, NY November 14, 2011 ----------------------- --------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 266 Form 13F Information Table Value Total: $1,352,479 (thousands) List of Other Included Managers: Form 13F File Number Name 028-14035 CF Advisors, LLC ----------------------- ------------------------------ FORM 13F INFORMATION TABLE Porter Orlin LLC September 30, 2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8 VALUE SHS OR SH/ PUT/ INVESTMENT OTHR NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE ADDUS HOMECARE CORP COM 006739106 888 219,182 SH DEFINED 1 219,182 ADDUS HOMECARE CORP COM 006739106 243 60,000 SH SOLE 60,000 ALCATEL-LUCENT SPONSORED ADR 013904305 11,227 3,967,200 SH DEFINED 1 3,967,200 ALCATEL-LUCENT SPONSORED ADR 013904305 7,367 2,603,200 SH SOLE 2,603,200 AMDOCS LTD ORD G02602103 2,183 80,500 SH DEFINED 1 80,500 AMERICAN INTL GROUP INC COM NEW 026874784 3,216 146,500 SH DEFINED 1 146,500 AON CORP COM 037389103 10,845 258,331 SH DEFINED 1 258,331 AON CORP COM 037389103 4,450 106,000 SH SOLE 106,000 APAC CUSTOMER SERVICES INC COM 00185E106 77 9,000 SH DEFINED 1 9,000 APOLLO GROUP INC COM 037604105 2,392 60,400 CALL DEFINED 1 60,400 APOLLO GROUP INC COM 037604105 1,569 39,600 CALL SOLE 39,600 APOLLO GROUP INC COM 037604105 8,306 209,700 PUT DEFINED 1 209,700 APOLLO GROUP INC COM 037604105 5,795 146,300 PUT SOLE 146,300 APOLLO GROUP INC COM 037604105 4,048 102,200 SH DEFINED 1 102,200 APPLE INC COM 037833100 191 500 SH DEFINED 1 500 ARENA PHARMACEUTICALS INC COM 040047102 29 20,000 SH DEFINED 1 20,000 ARES CAP CORP COM 04010L103 541 39,291 SH DEFINED 1 39,291 ARKANSAS BEST CORP DEL COM 040790107 324 20,000 SH SOLE 20,000 ASPEN TECHNOLOGY INC COM 045327103 6,087 398,593 SH DEFINED 1 398,593 ASSURED GUARANTY LTD COM G0585R106 16,476 1,499,200 SH DEFINED 1 1,499,200 ASSURED GUARANTY LTD COM G0585R106 12,548 1,141,800 SH SOLE 1,141,800 AUXILIUM PHARMACEUTICALS INC COM 05334D107 112 7,500 SH DEFINED 1 7,500 AVALONBAY CMNTYS INC COM 053484101 2,749 24,100 PUT DEFINED 1 24,100 AVALONBAY CMNTYS INC COM 053484101 2,384 20,900 PUT SOLE 20,900 BANK MONTREAL QUE COM 063671101 12,064 216,000 SH DEFINED 1 216,000 BANK OF AMERICA CORPORATION COM 060505104 252 41,247 SH DEFINED 1 41,247 BANK OF AMERICA CORPORATION COM 060505104 4,335 708,300 SH DEFINED 1 708,300 BARRICK GOLD CORP COM 067901108 5,425 116,300 SH DEFINED 1 116,300 BARRICK GOLD CORP COM 067901108 3,494 74,900 SH SOLE 74,900 BEACON FED BANCORP INC COM 073582108 2,766 207,976 SH DEFINED 1 207,976 BEST BUY INC COM 086516101 1,396 59,900 SH DEFINED 1 59,900 BIOMARIN PHARMACEUTICAL INC COM 09061G101 36,946 1,159,263 SH DEFINED 1 1,159,263 BIOMARIN PHARMACEUTICAL INC COM 09061G101 21,771 683,126 SH SOLE 683,126 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 7,838 4,709,000 PRN DEFINED 1 4,709,000 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 5,478 3,291,000 PRN SOLE 3,291,000 BIOSPECIFICS TECHNOLOGIES CO COM 090931106 161 10,000 SH DEFINED 1 10,000 BOEING CO COM 097023105 3,867 63,900 SH DEFINED 1 63,900 BROCADE COMMUNICATIONS SYS I COM NEW 111621306 86 20,000 SH DEFINED 1 20,000 BUNGE LIMITED COM G16962105 14,048 241,000 CALL DEFINED 1 241,000 BUNGE LIMITED COM G16962105 10,317 177,000 CALL SOLE 177,000 BUNGE LIMITED COM G16962105 17,522 300,600 PUT DEFINED 1 300,600 BUNGE LIMITED COM G16962105 13,721 235,400 PUT SOLE 235,400 CADENCE DESIGN SYSTEM INC COM 127387108 2,674 289,400 SH DEFINED 1 289,400 CAMERON INTERNATIONAL CORP COM 13342B105 8,391 202,000 SH DEFINED 1 202,000 CAMERON INTERNATIONAL CORP COM 13342B105 4,403 106,000 SH SOLE 106,000 CAPITOL FED FINL INC COM 14057J101 1,442 136,600 SH DEFINED 1 136,600 CAPITOL FED FINL INC COM 14057J101 1,250 118,400 SH SOLE 118,400 CARTER INC COM 146229109 1,017 33,300 SH DEFINED 1 33,300 CARTER INC COM 146229109 1,212 39,700 SH SOLE 39,700 CATHAY GENERAL BANCORP COM 149150104 1,015 89,200 SH DEFINED 1 89,200 CHECK POINT SOFTWARE TECH LT ORD M22465104 237 4,500 SH DEFINED 1 4,500 CHESAPEAKE ENERGY CORP COM 165167107 3,066 120,000 PUT DEFINED 1 120,000 CHESAPEAKE ENERGY CORP COM 165167107 2,300 90,000 PUT SOLE 90,000 CHESAPEAKE LODGING TR SH BEN INT 165240102 16,719 1,385,146 SH DEFINED 1 1,385,146 CHESAPEAKE LODGING TR SH BEN INT 165240102 12,426 1,029,536 SH SOLE 1,029,536 CIT GROUP INC COM NEW 125581801 3,271 107,701 SH DEFINED 1 107,701 CITIGROUP INC COM NEW 172967424 51 11,390 SH DEFINED 1 11,390 COMPUCREDIT HLDGS CORP COM 20478T107 198 70,962 SH DEFINED 1 70,962 COMVERSE TECHNOLOGY INC COM 205862402 12,537 1,775,800 SH DEFINED 1 1,775,800 COMVERSE TECHNOLOGY INC COM 205862402 10,970 1,553,843 SH SOLE 1,553,843 CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,296 59,500 SH DEFINED 1 59,500 CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,580 60,200 SH DEFINED 1 60,200 CROWN HOLDINGS INC COM 228368106 5,543 181,100 CALL DEFINED 1 181,100 CROWN HOLDINGS INC COM 228368106 4,252 138,900 CALL SOLE 138,900 CROWN HOLDINGS INC COM 228368106 24,482 799,800 SH DEFINED 1 799,800 CROWN HOLDINGS INC COM 228368106 18,678 610,200 SH SOLE 610,200 CSG SYS INTL INC COM 126349109 1,763 139,500 SH DEFINED 1 139,500 CYTORI THERAPEUTICS INC COM 23283K105 89 30,000 SH DEFINED 1 30,000 DEALERTRACK HLDGS INC COM 242309102 5,052 322,400 SH DEFINED 1 322,400 DEALERTRACK HLDGS INC COM 242309102 1,345 85,824 SH SOLE 85,824 DEMANDTEC INC COM NEW 24802R506 327 50,000 SH DEFINED 1 50,000 DEUTSCHE BANK AG NAMEN AKT D18190898 4,063 117,400 SH DEFINED 1 117,400 DONNELLEY R R & SONS CO COM 257867101 3,025 214,260 SH DEFINED 1 214,260 DUSA PHARMACEUTICALS INC COM 266898105 1,110 300,000 SH DEFINED 1 300,000 E TRADE FINANCIAL CORP COM NEW 269246401 787 86,400 SH DEFINED 1 86,400 ECHOSTAR CORP CL A 278768106 7,928 350,623 SH DEFINED 1 350,623 ECHOSTAR CORP CL A 278768106 5,401 238,861 SH SOLE 238,861 ENERNOC INC COM 292764107 280 31,100 SH DEFINED 1 31,100 EXAR CORP COM 300645108 114 20,000 SH DEFINED 1 20,000 EXCO RESOURCES INC COM 269279402 1,941 181,100 CALL DEFINED 1 181,100 EXCO RESOURCES INC COM 269279402 1,403 130,900 CALL SOLE 130,900 EXCO RESOURCES INC COM 269279402 13,198 1,231,200 SH DEFINED 1 1,231,200 EXCO RESOURCES INC COM 269279402 9,161 854,600 SH SOLE 854,600 EXELIXIS INC COM 30161Q104 475 87,000 SH DEFINED 1 87,000 EXPRESS SCRIPTS INC COM 302182100 1,854 50,000 CALL DEFINED 1 50,000 EXPRESS SCRIPTS INC COM 302182100 10,020 270,300 SH DEFINED 1 270,300 EXPRESS SCRIPTS INC COM 302182100 6,105 164,700 SH SOLE 164,700 FEDERAL AGRIC MTG CORP CL C 313148306 2,993 157,300 SH DEFINED 1 157,300 FIRST HORIZON NATL CORP COM 320517105 1,430 240,000 SH DEFINED 1 240,000 FIRST MARBLEHEAD CORP COM 320771108 74 72,750 SH DEFINED 1 72,750 FIRST SOLAR INC COM 336433107 1,909 30,200 CALL DEFINED 1 30,200 FIRST SOLAR INC COM 336433107 1,252 19,800 CALL SOLE 19,800 FIRST SOLAR INC COM 336433107 1,530 24,200 PUT DEFINED 1 24,200 FIRST SOLAR INC COM 336433107 1,631 25,800 PUT SOLE 25,800 FIRST SOLAR INC COM 336433107 2,023 32,000 SH DEFINED 1 32,000 GENERAL ELECTRIC CO COM 369604103 5,094 334,700 SH DEFINED 1 334,700 GENERAL MTRS CO COM 37045V100 1,213 60,100 SH DEFINED 1 60,100 GILEAD SCIENCES INC COM 375558103 5,009 129,100 CALL DEFINED 1 129,100 GILEAD SCIENCES INC COM 375558103 3,659 94,300 CALL SOLE 94,300 GILEAD SCIENCES INC COM 375558103 52,934 1,364,273 SH DEFINED 1 1,364,273 GILEAD SCIENCES INC COM 375558103 37,561 968,066 SH SOLE 968,066 GLADSTONE COML CORP COM 376536108 842 53,700 SH DEFINED 1 53,700 GLADSTONE COML CORP COM 376536108 1,496 95,437 SH SOLE 95,437 GOLDCORP INC NEW COM 380956409 5,349 117,200 SH DEFINED 1 117,200 GOLDCORP INC NEW COM 380956409 4,007 87,800 SH SOLE 87,800 GOLDMAN SACHS GROUP INC COM 38141G104 1,995 21,100 PUT DEFINED 1 21,100 GOLDMAN SACHS GROUP INC COM 38141G104 2,449 25,900 PUT SOLE 25,900 GOOGLE INC CL A 38259P508 361 700 SH DEFINED 1 700 HARVEST NATURAL RESOURCES IN COM 41754V103 1,034 120,700 CALL DEFINED 1 120,700 HARVEST NATURAL RESOURCES IN COM 41754V103 851 99,300 CALL SOLE 99,300 HARVEST NATURAL RESOURCES IN COM 41754V103 13,282 1,549,878 SH DEFINED 1 1,549,878 HARVEST NATURAL RESOURCES IN COM 41754V103 10,056 1,173,368 SH SOLE 1,173,368 HEALTH NET INC COM 42222G108 1,423 60,000 SH DEFINED 1 60,000 HEWLETT PACKARD CO COM 428236103 898 40,000 CALL DEFINED 1 40,000 HEWLETT PACKARD CO COM 428236103 696 31,000 SH DEFINED 1 31,000 HHGREGG INC COM 42833L108 1,064 109,100 SH DEFINED 1 109,100 HILLTOP HOLDINGS INC COM 432748101 1,803 250,000 SH DEFINED 1 250,000 HILLTOP HOLDINGS INC COM 432748101 1,478 205,000 SH SOLE 205,000 HSBC HLDGS PLC SPON ADR NEW 404280406 4,623 121,524 SH DEFINED 1 121,524 HSBC HLDGS PLC SPON ADR NEW 404280406 1,367 35,923 SH DEFINED 1 35,923 HUNTINGTON INGALLS INDS INC COM 446413106 574 23,600 SH DEFINED 1 23,600 HUNTSMAN CORP COM 447011107 2,334 241,400 SH DEFINED 1 241,400 ICICI BK LTD ADR 45104G104 3,476 100,114 SH DEFINED 1 100,114 ICICI BK LTD ADR 45104G104 1,535 44,200 SH SOLE 44,200 ISHARES INC MSCI BRAZIL 464286400 3,141 60,400 PUT DEFINED 1 60,400 ISHARES INC MSCI BRAZIL 464286400 2,060 39,600 PUT SOLE 39,600 ISHARES TR RUSL 2000 GROW 464287648 735 10,000 SH DEFINED 1 10,000 ISHARES TR RUSSELL 2000 464287655 13,580 211,200 PUT DEFINED 1 211,200 ISHARES TR RUSSELL 2000 464287655 9,568 148,800 PUT SOLE 148,800 ITT EDUCATIONAL SERVICES INC COM 45068B109 5,136 89,200 PUT DEFINED 1 89,200 ITT EDUCATIONAL SERVICES INC COM 45068B109 3,789 65,800 PUT SOLE 65,800 JDA SOFTWARE GROUP INC COM 46612K108 19,260 821,670 SH DEFINED 1 821,670 JDA SOFTWARE GROUP INC COM 46612K108 13,506 576,180 SH SOLE 576,180 JPMORGAN CHASE & CO COM 46625H100 1,607 53,343 SH DEFINED 1 53,343 KB HOME COM 48666K109 2,122 362,100 CALL DEFINED 1 362,100 KB HOME COM 48666K109 1,628 277,900 CALL SOLE 277,900 KB HOME COM 48666K109 295 50,400 SH DEFINED 1 50,400 LCA-VISION INC COM PAR $.001 501803308 11 5,000 SH DEFINED 1 5,000 LIBERTY GLOBAL INC COM SER A 530555101 2,858 80,744 SH DEFINED 1 80,744 LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 10,119 159,200 SH DEFINED 1 159,200 LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 7,108 111,836 SH SOLE 111,836 LILLY ELI & CO COM 532457108 669 18,100 CALL DEFINED 1 18,100 LILLY ELI & CO COM 532457108 440 11,900 CALL SOLE 11,900 LODGENET INTERACTIVE CORP COM 540211109 310 183,200 SH DEFINED 1 183,200 M D C HLDGS INC COM 552676108 1,169 69,000 SH DEFINED 1 69,000 MACYS INC COM 55616P104 7,733 293,800 SH DEFINED 1 293,800 MACYS INC COM 55616P104 5,767 219,100 SH SOLE 219,100 MAGMA DESIGN AUTOMATION COM 559181102 228 50,000 SH DEFINED 1 50,000 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,268 41,100 SH DEFINED 1 41,100 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,257 40,900 SH SOLE 40,900 MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 1,731 61,500 SH DEFINED 1 61,500 MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 1,092 38,800 SH SOLE 38,800 MARTIN MARIETTA MATLS INC COM 573284106 2,763 43,700 SH DEFINED 1 43,700 MASCO CORP COM 574599106 1,928 270,800 SH DEFINED 1 270,800 MASTERCARD INC CL A 57636Q104 6,319 19,925 SH DEFINED 1 19,925 MASTERCARD INC CL A 57636Q104 3,362 10,600 SH SOLE 10,600 MBIA INC COM 55262C100 3,106 427,200 SH DEFINED 1 427,200 MCCLATCHY CO CL A 579489105 116 86,700 SH DEFINED 1 86,700 MDC PARTNERS INC CL A SUB VTG 552697104 10,256 711,247 SH DEFINED 1 711,247 MDC PARTNERS INC CL A SUB VTG 552697104 6,667 462,351 SH SOLE 462,351 MEDCO HEALTH SOLUTIONS INC COM 58405U102 469 10,000 SH DEFINED 1 10,000 MEDIVATION INC COM 58501N101 51 3,000 SH DEFINED 1 3,000 MEDNAX INC COM 58502B106 967 15,438 SH DEFINED 1 15,438 MENTOR GRAPHICS CORP COM 587200106 192 20,000 SH DEFINED 1 20,000 MERCK & CO INC NEW COM 58933Y105 8,208 251,000 SH DEFINED 1 251,000 MGP INGREDIENTS INC COM 55302G103 1,685 332,297 SH DEFINED 1 332,297 MGP INGREDIENTS INC COM 55302G103 475 93,700 SH SOLE 93,700 MICROSOFT CORP COM 594918104 622 25,000 CALL DEFINED 1 25,000 MICROSOFT CORP COM 594918104 299 12,000 SH DEFINED 1 12,000 MICROSTRATEGY INC CL A NEW 594972408 3,924 34,400 SH DEFINED 1 34,400 MOTOROLA SOLUTIONS INC COM NEW 620076307 467 11,142 SH DEFINED 1 11,142 MSCI INC CL A 55354G100 7,112 234,500 SH DEFINED 1 234,500 MSCI INC CL A 55354G100 4,744 156,400 SH SOLE 156,400 NEWS CORP CL A 65248E104 542 35,000 SH DEFINED 1 35,000 NORDION INC COM 65563C105 882 100,000 SH DEFINED 1 100,000 OBAGI MEDICAL PRODUCTS INC COM 67423R108 480 52,900 SH DEFINED 1 52,900 OMNIVISION TECHNOLOGIES INC COM 682128103 2,089 148,800 SH DEFINED 1 148,800 OMNIVISION TECHNOLOGIES INC COM 682128103 1,280 91,200 SH SOLE 91,200 ONCOTHYREON INC COM 682324108 598 100,000 SH DEFINED 1 100,000 OPEN TEXT CORP COM 683715106 938 18,000 SH DEFINED 1 18,000 OREXIGEN THERAPEUTICS INC COM 686164104 40 20,000 SH DEFINED 1 20,000 OWENS ILL INC COM NEW 690768403 1,817 120,200 CALL DEFINED 1 120,200 OWENS ILL INC COM NEW 690768403 1,433 94,800 CALL SOLE 94,800 PANASONIC CORP ADR 69832A205 1,015 106,600 SH DEFINED 1 106,600 PENFORD CORP COM 707051108 3,418 663,613 SH DEFINED 1 663,613 PENFORD CORP COM 707051108 2,344 455,133 SH SOLE 455,133 PENN NATL GAMING INC COM 707569109 353 10,600 SH DEFINED 1 10,600 POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 5,373 181,100 PUT DEFINED 1 181,100 POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 3,973 133,900 PUT SOLE 133,900 PROSHARES TR PSHS ULTSHRT QQQ 74347X237 218 4,000 SH DEFINED 1 4,000 QUALCOMM INC COM 747525103 10,246 210,700 CALL DEFINED 1 210,700 QUALCOMM INC COM 747525103 8,233 169,300 CALL SOLE 169,300 QUALCOMM INC COM 747525103 7,684 158,000 SH DEFINED 1 158,000 QUALSTAR CORP COM 74758R109 1,156 592,651 SH DEFINED 1 592,651 QUALSTAR CORP COM 74758R109 1,156 592,651 SH DEFINED 1 592,651 QUALSTAR CORP COM 74758R109 624 320,250 SH SOLE 320,250 QUANTUM CORP COM DSSG 747906204 17,525 9,682,362 SH DEFINED 1 9,682,362 QUANTUM CORP COM DSSG 747906204 13,102 7,238,836 SH SOLE 7,238,836 QUEST SOFTWARE INC COM 74834T103 159 10,000 SH DEFINED 1 10,000 RAMBUS INC DEL COM 750917106 98 7,000 SH DEFINED 1 7,000 REGIONS FINANCIAL CORP NEW COM 7591EP100 151 45,200 SH DEFINED 1 45,200 RESEARCH IN MOTION LTD COM 760975102 1,226 60,400 SH DEFINED 1 60,400 RESEARCH IN MOTION LTD COM 760975102 804 39,600 SH SOLE 39,600 ROCKWOOD HLDGS INC COM 774415103 12,153 360,725 SH DEFINED 1 360,725 RYDER SYS INC COM 783549108 4,670 124,500 SH DEFINED 1 124,500 SANOFI SPONSORED ADR 80105N105 43,085 1,313,560 SH DEFINED 1 1,313,560 SANOFI SPONSORED ADR 80105N105 31,377 956,602 SH SOLE 956,602 SEACOR HOLDINGS INC COM 811904101 22,906 285,576 SH DEFINED 1 285,576 SEACOR HOLDINGS INC COM 811904101 4,412 55,000 SH SOLE 55,000 SI FINL GROUP INC MD COM 78425V104 919 99,369 SH DEFINED 1 99,369 SIGA TECHNOLOGIES INC COM 826917106 65 20,000 SH DEFINED 1 20,000 SL GREEN RLTY CORP COM 78440X101 2,657 45,700 SH DEFINED 1 45,700 SLM CORP COM 78442P106 4,738 380,571 SH DEFINED 1 380,571 SLM CORP COM 78442P106 3,825 307,200 SH SOLE 307,200 SONUS NETWORKS INC COM 835916107 227 105,000 SH DEFINED 1 105,000 SPDR GOLD TRUST GOLD SHS 78463V107 458 2,900 SH DEFINED 1 2,900 STANDARD PAC CORP NEW COM 85375C101 15,374 6,224,269 SH DEFINED 1 6,224,269 STANDARD PAC CORP NEW COM 85375C101 10,167 4,116,282 SH SOLE 4,116,282 SUNOCO INC COM 86764P109 1,302 42,000 CALL DEFINED 1 42,000 SUNOCO INC COM 86764P109 868 28,000 CALL SOLE 28,000 SWIFT TRANSN CO CL A 87074U101 387 60,100 SH DEFINED 1 60,100 SWIFT TRANSN CO CL A 87074U101 257 39,900 SH SOLE 39,900 TD AMERITRADE HLDG CORP COM 87236Y108 6,081 413,500 SH DEFINED 1 413,500 TD AMERITRADE HLDG CORP COM 87236Y108 1,904 129,500 SH SOLE 129,500 TEKELEC COM 879101103 193 32,000 SH DEFINED 1 32,000 TERRITORIAL BANCORP INC COM 88145X108 742 38,731 SH DEFINED 1 38,731 TESSERA TECHNOLOGIES INC COM 88164L100 22,824 1,911,543 SH DEFINED 1 1,911,543 TESSERA TECHNOLOGIES INC COM 88164L100 16,951 1,419,670 SH SOLE 1,419,670 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 186 5,000 SH DEFINED 1 5,000 TFS FINL CORP COM 87240R107 8,945 1,100,200 SH DEFINED 1 1,100,200 TFS FINL CORP COM 87240R107 6,427 790,511 SH SOLE 790,511 TRANSOCEAN LTD REG SHS H8817H100 4,095 85,782 SH DEFINED 1 85,782 U S G CORP COM 903293405 812 120,700 CALL DEFINED 1 120,700 U S G CORP COM 903293405 581 86,300 CALL SOLE 86,300 UNILEVER N V N Y SHS NEW 904784709 26,193 831,800 SH DEFINED 1 831,800 UNILEVER N V N Y SHS NEW 904784709 17,792 565,000 SH SOLE 565,000 UNITED THERAPEUTICS CORP DEL COM 91307C102 750 20,000 PUT SOLE 20,000 UNITED THERAPEUTICS CORP DEL COM 91307C102 14,632 390,300 SH DEFINED 1 390,300 UNITED THERAPEUTICS CORP DEL COM 91307C102 11,457 305,600 SH SOLE 305,600 US BANCORP DEL COM NEW 902973304 2,130 90,500 PUT DEFINED 1 90,500 US BANCORP DEL COM NEW 902973304 1,401 59,500 PUT SOLE 59,500 US BANCORP DEL COM NEW 902973304 3,578 152,000 SH DEFINED 1 152,000 US BANCORP DEL COM NEW 902973304 2,307 98,000 SH SOLE 98,000 VERISIGN INC COM 92343E102 3,436 120,100 PUT DEFINED 1 120,100 VERISIGN INC COM 92343E102 2,572 89,900 PUT SOLE 89,900 VERISIGN INC COM 92343E102 12,194 426,200 SH DEFINED 1 426,200 VERISIGN INC COM 92343E102 5,899 206,200 SH SOLE 206,200 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 22,268 21,770,000 PRN DEFINED 1 21,770,000 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 15,833 15,484,000 PRN SOLE 15,484,000 VICAL INC COM 925602104 50 20,000 SH DEFINED 1 20,000 VISA INC COM 92826C839 10,295 120,100 SH DEFINED 1 120,100 VISA INC COM 92826C839 6,018 70,200 SH SOLE 70,200 VULCAN MATLS CO COM 929160109 121 4,400 SH DEFINED 1 4,400 WARWICK VALLEY TEL CO COM 936750108 191 15,000 SH DEFINED 1 15,000 WARWICK VALLEY TEL CO COM 936750108 994 78,217 SH SOLE 78,217 WATSCO INC COM 942622200 1,027 20,100 SH DEFINED 1 20,100 WHIRLPOOL CORP COM 963320106 1,807 36,200 CALL DEFINED 1 36,200 WHIRLPOOL CORP COM 963320106 1,188 23,800 CALL SOLE 23,800 WHIRLPOOL CORP COM 963320106 3,005 60,200 PUT DEFINED 1 60,200 WHIRLPOOL CORP COM 963320106 2,486 49,800 PUT SOLE 49,800 WHIRLPOOL CORP COM 963320106 2,466 49,400 SH DEFINED 1 49,400 YAHOO INC COM 984332106 4,790 363,700 SH DEFINED 1 363,700 YAHOO INC COM 984332106 2,875 218,300 SH SOLE 218,300 YAMANA GOLD INC COM 98462Y100 4,506 329,900 SH DEFINED 1 329,900 YAMANA GOLD INC COM 98462Y100 3,621 265,100 SH SOLE 265,100 ZIONS BANCORPORATION COM 989701107 846 60,100 SH DEFINED 1 60,100
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