0000919574-12-004977.txt : 20120814 0000919574-12-004977.hdr.sgml : 20120814 20120814140641 ACCESSION NUMBER: 0000919574-12-004977 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120814 DATE AS OF CHANGE: 20120814 EFFECTIVENESS DATE: 20120814 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: 121031664 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 d1308964_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 June 30, 2012 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 August 14, 2012 ----------------------- --------------------------- ---------------------- [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: 280 Form 13F Information Table Value Total: $1,923,431 (thousands) List of Other Included Managers: Form 13F File Number Name 028-14035 CF Advisors, LLC ----------------------- ------------------------------ FORM 13F INFORMATION TABLE Porter Orlin LLC June 30, 2012
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 MNGRS SOLE SHARED NONE ACACIA RESH CORP ACACIA TCH COM 003881307 6,949 186,600 SH SOLE 186,600 ACACIA RESH CORP ACACIA TCH COM 003881307 5,862 157,400 SH DEFINED 1 157,400 ADDUS HOMECARE CORP COM 006739106 620 126,228 SH SOLE 126,228 ADDUS HOMECARE CORP COM 006739106 1,593 324,400 SH DEFINED 1 324,400 ADOBE SYS INC COM 00724F101 324 10,000 SH DEFINED 1 10,000 ALCATEL-LUCENT SPONSORED ADR 013904305 277 170,000 SH DEFINED 1 170,000 ALPHA NATURAL RESOURCES INC COM 02076X102 1,946 223,400 SH SOLE 223,400 ALPHA NATURAL RESOURCES INC COM 02076X102 1,364 156,600 SH DEFINED 1 156,600 AMERICAN INTL GROUP INC COM NEW 026874784 497 15,475 SH DEFINED 1 15,475 AMYLIN PHARMACEUTICALS INC COM 032346108 6,709 237,900 PUT SOLE 237,900 AMYLIN PHARMACEUTICALS INC COM 032346108 5,135 182,100 PUT DEFINED 1 182,100 APOLLO GROUP INC CL A 037604105 3,449 95,300 SH DEFINED 1 95,300 APOLLO GROUP INC CL A 037604105 6,869 189,800 CALL SOLE 189,800 APOLLO GROUP INC CL A 037604105 6,322 174,700 PUT SOLE 174,700 APOLLO GROUP INC CL A 037604105 4,857 134,200 CALL DEFINED 1 134,200 APOLLO GROUP INC CL A 037604105 4,969 137,300 PUT DEFINED 1 137,300 APPLE INC COM 037833100 5,805 9,940 SH SOLE 9,940 APPLE INC COM 037833100 4,882 8,360 SH DEFINED 1 8,360 ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 2,533 165,900 SH DEFINED 1 165,900 ARES CAP CORP COM 04010L103 627 39,291 SH DEFINED 1 39,291 ASSURED GUARANTY LTD COM G0585R106 32,285 2,289,700 SH SOLE 2,289,700 ASSURED GUARANTY LTD COM G0585R106 24,750 1,755,300 SH DEFINED 1 1,755,300 ATHENAHEALTH INC COM 04685W103 1,005 12,700 SH DEFINED 1 12,700 AUXILIUM PHARMACEUTICALS INC COM 05334D107 202 7,500 SH DEFINED 1 7,500 BANCO BRADESCO S A SP ADR PFD NEW 059460303 4,909 330,100 SH SOLE 330,100 BANCO BRADESCO S A SP ADR PFD NEW 059460303 3,657 245,900 SH DEFINED 1 245,900 BANCO SANTANDER SA ADR 05964H105 66 10,000 SH DEFINED 1 10,000 BANCO SANTANDER SA ADR 05964H105 2,572 392,000 CALL SOLE 392,000 BANCO SANTANDER SA ADR 05964H105 1,758 268,000 CALL DEFINED 1 268,000 BANK MONTREAL QUE COM 063671101 11,936 216,000 SH DEFINED 1 216,000 BANK OF AMERICA CORPORATION COM 060505104 774 94,600 SH SOLE 94,600 BANK OF AMERICA CORPORATION COM 060505104 2,830 345,966 SH DEFINED 1 345,966 BANK OF AMERICA CORPORATION COM 060505104 5,794 708,300 SH DEFINED 1 708,300 BARRICK GOLD CORP COM 067901108 15,918 423,700 SH SOLE 423,700 BARRICK GOLD CORP COM 067901108 12,633 336,250 SH DEFINED 1 336,250 BEACON FED BANCORP INC COM 073582108 4,124 207,976 SH DEFINED 1 207,976 BEST BUY INC COM 086516101 126 6,000 SH DEFINED 1 6,000 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 5,892 3,291,000 PRN SOLE 3,291,000 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 8,431 4,709,000 PRN DEFINED 1 4,709,000 BIOMARIN PHARMACEUTICAL INC COM 09061G101 52,872 1,335,826 SH SOLE 1,335,826 BIOMARIN PHARMACEUTICAL INC COM 09061G101 41,948 1,059,824 SH DEFINED 1 1,059,824 BIOSPECIFICS TECHNOLOGIES CO COM 090931106 751 40,000 SH DEFINED 1 40,000 BMC SOFTWARE INC COM 055921100 10,201 239,000 SH SOLE 239,000 BMC SOFTWARE INC COM 055921100 8,920 209,000 SH DEFINED 1 209,000 BUNGE LIMITED COM G16962105 4,844 77,200 SH DEFINED 1 77,200 BUNGE LIMITED COM G16962105 8,156 130,000 PUT SOLE 130,000 BUNGE LIMITED COM G16962105 5,647 90,000 PUT DEFINED 1 90,000 CAMERON INTERNATIONAL CORP COM 13342B105 8,627 202,000 SH DEFINED 1 202,000 CANADIAN PAC RY LTD COM 13645T100 9,194 125,500 SH SOLE 125,500 CANADIAN PAC RY LTD COM 13645T100 7,656 104,500 SH DEFINED 1 104,500 CAPITOL FED FINL INC COM 14057J101 9,237 777,500 SH SOLE 777,500 CAPITOL FED FINL INC COM 14057J101 9,225 776,500 SH DEFINED 1 776,500 CEVA INC COM 157210105 176 10,000 SH DEFINED 1 10,000 CHECK POINT SOFTWARE TECH LT ORD M22465104 223 4,500 SH DEFINED 1 4,500 CHESAPEAKE ENERGY CORP COM 165167107 510 27,400 SH SOLE 27,400 CHESAPEAKE ENERGY CORP COM 165167107 1,499 80,600 SH DEFINED 1 80,600 CHESAPEAKE ENERGY CORP COM 165167107 7,955 427,700 CALL SOLE 427,700 CHESAPEAKE ENERGY CORP COM 165167107 149 8,000 PUT SOLE 8,000 CHESAPEAKE ENERGY CORP COM 165167107 5,883 316,300 CALL DEFINED 1 316,300 CHESAPEAKE LODGING TR SH BEN INT 165240102 22,703 1,318,436 SH SOLE 1,318,436 CHESAPEAKE LODGING TR SH BEN INT 165240102 17,379 1,009,246 SH DEFINED 1 1,009,246 CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 703 56,000 SH DEFINED 1 56,000 CITIGROUP INC COM NEW 172967424 1,332 48,600 SH DEFINED 1 48,600 CITIGROUP INC COM NEW 172967424 51 11,390 SH DEFINED 1 11,390 COMPUCREDIT HLDGS CORP COM 20478T107 257 70,962 SH DEFINED 1 70,962 COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 8,714 1,498,543 SH SOLE 1,498,543 COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 7,503 1,290,273 SH DEFINED 1 1,290,273 CONMED HEALTHCARE MGMT INC COM 20741M103 814 233,189 SH DEFINED 1 233,189 CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 181 7,700 SH DEFINED 1 7,700 CROWN HOLDINGS INC COM 228368106 19,552 566,900 SH SOLE 566,900 CROWN HOLDINGS INC COM 228368106 15,503 449,500 SH DEFINED 1 449,500 CYTORI THERAPEUTICS INC COM 23283K105 81 30,000 SH DEFINED 1 30,000 DEALERTRACK HLDGS INC COM 242309102 3,774 125,324 SH SOLE 125,324 DEALERTRACK HLDGS INC COM 242309102 5,191 172,400 SH DEFINED 1 172,400 DEUTSCHE BANK AG NAMEN AKT D18190898 510 14,100 SH DEFINED 1 14,100 DEUTSCHE BANK AG NAMEN AKT D18190898 5,990 165,600 CALL SOLE 165,600 DEUTSCHE BANK AG NAMEN AKT D18190898 4,861 134,400 CALL DEFINED 1 134,400 DONNELLEY R R & SONS CO COM 257867101 46 3,900 SH SOLE 3,900 DONNELLEY R R & SONS CO COM 257867101 2,576 218,900 SH DEFINED 1 218,900 DONNELLEY R R & SONS CO COM 257867101 2,522 214,260 SH DEFINED 1 214,260 DUSA PHARMACEUTICALS INC COM 266898105 835 160,000 SH SOLE 160,000 DUSA PHARMACEUTICALS INC COM 266898105 5,117 980,233 SH DEFINED 1 980,233 E TRADE FINANCIAL CORP COM NEW 269246401 695 86,400 SH DEFINED 1 86,400 ECHOSTAR CORP CL A 278768106 5,970 225,961 SH SOLE 225,961 ECHOSTAR CORP CL A 278768106 4,712 178,332 SH DEFINED 1 178,332 ENERNOC INC COM 292764107 463 63,900 SH DEFINED 1 63,900 EXAR CORP COM 300645108 81 10,000 SH DEFINED 1 10,000 EXCO RESOURCES INC COM 269279402 5,210 686,400 SH SOLE 686,400 EXCO RESOURCES INC COM 269279402 4,174 549,900 SH DEFINED 1 549,900 EXELIXIS INC COM 30161Q104 481 87,000 SH DEFINED 1 87,000 EXPRESS SCRIPTS HLDG CO COM 30219G108 37,099 664,500 SH SOLE 664,500 EXPRESS SCRIPTS HLDG CO COM 30219G108 30,064 538,500 SH DEFINED 1 538,500 EXXON MOBIL CORP COM 30231G102 15,899 185,800 PUT SOLE 185,800 EXXON MOBIL CORP COM 30231G102 11,483 134,200 PUT DEFINED 1 134,200 FEDERAL AGRIC MTG CORP CL C 313148306 2,159 82,300 SH DEFINED 1 82,300 FIRST MARBLEHEAD CORP COM 320771108 85 72,750 SH DEFINED 1 72,750 FIRST SOLAR INC COM 336433107 584 38,800 SH SOLE 38,800 FIRST SOLAR INC COM 336433107 1,652 109,700 SH DEFINED 1 109,700 FIRST SOLAR INC COM 336433107 1,550 102,900 CALL SOLE 102,900 FIRST SOLAR INC COM 336433107 1,011 67,100 CALL DEFINED 1 67,100 FOSSIL INC COM 349882100 2,503 32,700 SH SOLE 32,700 FOSSIL INC COM 349882100 2,243 29,300 SH DEFINED 1 29,300 G0457F 10 7 COM 98462Y100 8,196 532,200 SH SOLE 532,200 G0457F 10 7 COM 98462Y100 6,419 416,800 SH DEFINED 1 416,800 GAMESTOP CORP NEW CL A 36467W109 2,128 115,900 SH SOLE 115,900 GAMESTOP CORP NEW CL A 36467W109 1,819 99,100 SH DEFINED 1 99,100 GANNETT INC COM 364730101 1,477 100,300 SH DEFINED 1 100,300 GENERAL ELECTRIC CO COM 369604103 6,975 334,700 SH DEFINED 1 334,700 GILEAD SCIENCES INC COM 375558103 16,061 313,200 SH DEFINED 1 313,200 GNC HLDGS INC COM CL A 36191G107 3,183 81,200 PUT SOLE 81,200 GNC HLDGS INC COM CL A 36191G107 2,697 68,800 PUT DEFINED 1 68,800 GOOGLE INC CL A 38259P508 19,763 34,070 SH SOLE 34,070 GOOGLE INC CL A 38259P508 16,143 27,830 SH DEFINED 1 27,830 HARVEST NATURAL RESOURCES IN COM 41754V103 16,020 1,873,654 SH SOLE 1,873,654 HARVEST NATURAL RESOURCES IN COM 41754V103 11,605 1,357,278 SH DEFINED 1 1,357,278 HEALTH NET INC COM 42222G108 21,637 891,500 SH SOLE 891,500 HEALTH NET INC COM 42222G108 19,314 795,800 SH DEFINED 1 795,800 HEWLETT PACKARD CO COM 428236103 362 18,000 SH DEFINED 1 18,000 HHGREGG INC COM 42833L108 1,234 109,100 SH DEFINED 1 109,100 HILLSHIRE BRANDS CO COM 432589109 58 2,000 SH DEFINED 1 2,000 HILLTOP HOLDINGS INC COM 432748101 2,114 205,000 SH SOLE 205,000 HILLTOP HOLDINGS INC COM 432748101 2,578 250,000 SH DEFINED 1 250,000 HOVNANIAN ENTERPRISES INC CL A 442487203 383 132,100 SH DEFINED 1 132,100 HSBC HLDGS PLC SPON ADR NEW 404280406 5,606 127,024 SH DEFINED 1 127,024 HSBC HLDGS PLC SPON ADR NEW 404280406 1,585 35,923 SH DEFINED 1 35,923 HUNTSMAN CORP COM 447011107 738 57,000 SH DEFINED 1 57,000 ICICI BK LTD ADR 45104G104 19,015 586,700 SH SOLE 586,700 ICICI BK LTD ADR 45104G104 16,646 513,600 SH DEFINED 1 513,600 INDEPENDENCE HLDG CO NEW COM NEW 453440307 2,975 302,062 SH DEFINED 1 302,062 INTEGRATED DEVICE TECHNOLOGY COM 458118106 450 80,000 SH SOLE 80,000 INTEGRATED DEVICE TECHNOLOGY COM 458118106 112 20,000 SH DEFINED 1 20,000 INTEVAC INC COM 461148108 226 30,000 SH DEFINED 1 30,000 INVACARE CORP COM 461203101 617 40,000 SH DEFINED 1 40,000 ISHARES INC MSCI BRAZIL 464286400 3,433 66,400 CALL SOLE 66,400 ISHARES INC MSCI BRAZIL 464286400 2,771 53,600 CALL DEFINED 1 53,600 ISHARES TR RUSSELL 2000 464287655 1,989 25,000 SH DEFINED 1 25,000 ISHARES TR MSCI EMERG MKT 464287234 33,652 860,000 CALL DEFINED 1 860,000 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 5,614 403,300 SH SOLE 403,300 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 4,200 301,700 SH DEFINED 1 301,700 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,149 82,600 CALL SOLE 82,600 ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 938 67,400 CALL DEFINED 1 67,400 ITT EDUCATIONAL SERVICES INC COM 45068B109 2,527 41,600 PUT SOLE 41,600 ITT EDUCATIONAL SERVICES INC COM 45068B109 1,968 32,400 PUT DEFINED 1 32,400 JPMORGAN CHASE & CO COM 46625H100 1,906 53,343 SH DEFINED 1 53,343 JPMORGAN CHASE & CO COM 46625H100 3,911 110,400 CALL SOLE 110,400 JPMORGAN CHASE & CO COM 46625H100 3,175 89,600 CALL DEFINED 1 89,600 KB HOME COM 48666K109 1,083 110,500 SH SOLE 110,500 KB HOME COM 48666K109 3,200 326,500 SH DEFINED 1 326,500 LAM RESEARCH CORP COM 512807108 189 5,000 SH DEFINED 1 5,000 LIBERTY GLOBAL INC COM SER A 530555101 2,004 40,372 SH DEFINED 1 40,372 LIBERTY GLOBAL INC COM SER A 530555101 1,928 40,372 SH DEFINED 1 40,372 LILLY ELI & CO COM 532457108 7,591 176,900 CALL SOLE 176,900 LILLY ELI & CO COM 532457108 7,968 185,700 PUT SOLE 185,700 LILLY ELI & CO COM 532457108 5,883 137,100 CALL DEFINED 1 137,100 LILLY ELI & CO COM 532457108 5,763 134,300 PUT DEFINED 1 134,300 LODGENET INTERACTIVE CORP COM 540211109 240 183,200 SH DEFINED 1 183,200 M D C HLDGS INC COM 552676108 1,307 40,000 SH DEFINED 1 40,000 MACYS INC COM 55616P104 11,816 344,000 SH SOLE 344,000 MACYS INC COM 55616P104 9,134 265,900 SH DEFINED 1 265,900 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 8,932 199,500 SH SOLE 199,500 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 6,514 145,500 SH DEFINED 1 145,500 MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 134 7,000 SH DEFINED 1 7,000 MARTIN MARIETTA MATLS INC COM 573284106 3,444 43,700 SH DEFINED 1 43,700 MASCO CORP COM 574599106 1,762 127,700 CALL SOLE 127,700 MASCO CORP COM 574599106 1,274 92,300 CALL DEFINED 1 92,300 MASTERCARD INC CL A 57636Q104 6,800 15,810 SH SOLE 15,810 MASTERCARD INC CL A 57636Q104 6,189 14,390 SH DEFINED 1 14,390 MBIA INC COM 55262C100 1,157 107,000 SH SOLE 107,000 MBIA INC COM 55262C100 3,903 361,100 SH DEFINED 1 361,100 MCCLATCHY CO CL A 579489105 191 86,700 SH DEFINED 1 86,700 MDC PARTNERS INC CL A SUB VTG 552697104 8,544 753,478 SH SOLE 753,478 MDC PARTNERS INC CL A SUB VTG 552697104 8,357 736,942 SH DEFINED 1 736,942 MEDNAX INC COM 58502B106 9,088 132,600 SH SOLE 132,600 MEDNAX INC COM 58502B106 8,008 116,838 SH DEFINED 1 116,838 MELA SCIENCES INC COM 55277R100 82 25,000 SH DEFINED 1 25,000 MENTOR GRAPHICS CORP COM 587200106 300 20,000 SH DEFINED 1 20,000 MERCK & CO INC NEW COM 58933Y105 10,479 251,000 SH DEFINED 1 251,000 MGP INGREDIENTS INC NEW COM 55303J106 413 128,700 SH SOLE 128,700 MGP INGREDIENTS INC NEW COM 55303J106 1,356 422,297 SH DEFINED 1 422,297 MICRON TECHNOLOGY INC COM 595112103 126 20,000 SH DEFINED 1 20,000 MICROSTRATEGY INC CL A NEW 594972408 4,467 34,400 SH DEFINED 1 34,400 MOTOROLA SOLUTIONS INC COM NEW 620076307 536 11,142 SH DEFINED 1 11,142 NATIONAL OILWELL VARCO INC COM 637071101 10,156 157,600 SH SOLE 157,600 NATIONAL OILWELL VARCO INC COM 637071101 7,952 123,400 SH DEFINED 1 123,400 NETAPP INC COM 64110D104 1,699 53,400 CALL SOLE 53,400 NETAPP INC COM 64110D104 1,387 43,600 CALL DEFINED 1 43,600 NEWMONT MINING CORP COM 651639106 2,687 55,400 SH SOLE 55,400 NEWMONT MINING CORP COM 651639106 2,164 44,600 SH DEFINED 1 44,600 NEWS CORP CL A 65248E104 3,785 169,800 SH DEFINED 1 169,800 NORDION INC COM 65563C105 56 6,000 SH DEFINED 1 6,000 PENFORD CORP COM 707051108 4,083 455,133 SH SOLE 455,133 PENFORD CORP COM 707051108 5,953 663,613 SH DEFINED 1 663,613 PENN NATL GAMING INC COM 707569109 473 10,600 SH DEFINED 1 10,600 PENNEY J C INC COM 708160106 1,282 55,000 SH SOLE 55,000 PENNEY J C INC COM 708160106 1,049 45,000 SH DEFINED 1 45,000 QUALCOMM INC COM 747525103 13,230 237,600 SH SOLE 237,600 QUALCOMM INC COM 747525103 10,908 195,900 SH DEFINED 1 195,900 QUALCOMM INC COM 747525103 6,158 110,600 CALL SOLE 110,600 QUALCOMM INC COM 747525103 4,978 89,400 CALL DEFINED 1 89,400 QUALSTAR CORP COM 74758R109 512 269,250 SH SOLE 269,250 QUALSTAR CORP COM 74758R109 1,126 592,651 SH DEFINED 1 592,651 QUANTUM CORP COM DSSG 747906204 24,828 12,230,636 SH SOLE 12,230,636 QUANTUM CORP COM DSSG 747906204 18,868 9,294,562 SH DEFINED 1 9,294,562 QUEST SOFTWARE INC COM 74834T103 3,123 112,300 SH SOLE 112,300 QUEST SOFTWARE INC COM 74834T103 2,439 87,700 SH DEFINED 1 87,700 REGIONS FINANCIAL CORP NEW COM 7591EP100 2,110 312,600 SH SOLE 312,600 REGIONS FINANCIAL CORP NEW COM 7591EP100 1,840 272,600 SH DEFINED 1 272,600 ROCKWOOD HLDGS INC COM 774415103 177 4,000 SH DEFINED 1 4,000 RPX CORP COM 74972G103 172 12,000 SH DEFINED 1 12,000 RYDER SYS INC COM 783549108 2,161 60,000 SH DEFINED 1 60,000 SANOFI SPONSORED ADR 80105N105 61,019 1,615,102 SH SOLE 1,615,102 SANOFI SPONSORED ADR 80105N105 50,222 1,329,333 SH DEFINED 1 1,329,333 SEABRIDGE GOLD INC COM 811916105 72 5,000 SH DEFINED 1 5,000 SEACOR HOLDINGS INC COM 811904101 17,787 199,000 SH SOLE 199,000 SEACOR HOLDINGS INC COM 811904101 22,271 249,176 SH DEFINED 1 249,176 SEALED AIR CORP NEW COM 81211K100 18,650 1,207,900 SH SOLE 1,207,900 SEALED AIR CORP NEW COM 81211K100 14,654 949,100 SH DEFINED 1 949,100 SEALED AIR CORP NEW COM 81211K100 4,573 296,200 CALL SOLE 296,200 SEALED AIR CORP NEW COM 81211K100 3,455 223,800 CALL DEFINED 1 223,800 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,801 100,000 PUT DEFINED 1 100,000 SEQUENOM INC COM NEW 817337405 122 30,000 SH DEFINED 1 30,000 SI FINL GROUP INC MD COM 78425V104 798 69,369 SH DEFINED 1 69,369 SIGA TECHNOLOGIES INC COM 826917106 57 20,000 SH DEFINED 1 20,000 SL GREEN RLTY CORP COM 78440X101 2,712 33,800 SH DEFINED 1 33,800 SLM CORP COM 78442P106 4,826 307,200 SH SOLE 307,200 SLM CORP COM 78442P106 5,979 380,571 SH DEFINED 1 380,571 SONUS NETWORKS INC COM 835916107 225 105,000 SH DEFINED 1 105,000 SPANSION INC COM CL A NEW 84649R200 187 17,000 SH DEFINED 1 17,000 SPDR GOLD TRUST GOLD SHS 78463V107 12,927 83,300 SH SOLE 83,300 SPDR GOLD TRUST GOLD SHS 78463V107 10,382 66,900 SH DEFINED 1 66,900 SPDR S&P 500 ETF TR TR UNIT 78462F103 25,260 185,600 PUT SOLE 185,600 SPDR S&P 500 ETF TR TR UNIT 78462F103 18,292 134,400 PUT DEFINED 1 134,400 STANDARD PAC CORP NEW COM 85375C101 27,712 4,476,882 SH SOLE 4,476,882 STANDARD PAC CORP NEW COM 85375C101 21,950 3,546,069 SH DEFINED 1 3,546,069 STRAYER ED INC COM 863236105 4,088 37,500 PUT SOLE 37,500 STRAYER ED INC COM 863236105 2,453 22,500 PUT DEFINED 1 22,500 TEMPUR PEDIC INTL INC COM 88023U101 391 16,700 SH SOLE 16,700 TEMPUR PEDIC INTL INC COM 88023U101 288 12,300 SH DEFINED 1 12,300 TERRITORIAL BANCORP INC COM 88145X108 882 38,731 SH DEFINED 1 38,731 TESLA MTRS INC COM 88160R101 864 27,600 SH SOLE 27,600 TESLA MTRS INC COM 88160R101 701 22,400 SH DEFINED 1 22,400 TESLA MTRS INC COM 88160R101 3,705 118,400 CALL SOLE 118,400 TESLA MTRS INC COM 88160R101 2,804 89,600 CALL DEFINED 1 89,600 TESSERA TECHNOLOGIES INC COM 88164L100 44,062 2,866,770 SH SOLE 2,866,770 TESSERA TECHNOLOGIES INC COM 88164L100 34,220 2,226,443 SH DEFINED 1 2,226,443 TEXTRON INC COM 883203101 5,777 232,300 SH SOLE 232,300 TEXTRON INC COM 883203101 4,469 179,700 SH DEFINED 1 179,700 TFS FINL CORP COM 87240R107 9,555 1,000,511 SH SOLE 1,000,511 TFS FINL CORP COM 87240R107 8,788 920,200 SH DEFINED 1 920,200 TRANSOCEAN LTD REG SHS H8817H100 3,837 85,782 SH DEFINED 1 85,782 TREE COM INC COM 894675107 114 10,000 SH DEFINED 1 10,000 TUMI HLDGS INC COM 89969Q104 4,594 262,500 SH SOLE 262,500 TUMI HLDGS INC COM 89969Q104 4,419 252,500 SH DEFINED 1 252,500 U S G CORP COM NEW 903293405 1,322 69,400 SH DEFINED 1 69,400 UNILEVER N V N Y SHS NEW 904784709 6,787 203,500 SH SOLE 203,500 UNILEVER N V N Y SHS NEW 904784709 7,120 213,500 SH DEFINED 1 213,500 UNITED THERAPEUTICS CORP DEL COM 91307C102 30,472 617,100 SH SOLE 617,100 UNITED THERAPEUTICS CORP DEL COM 91307C102 25,075 507,800 SH DEFINED 1 507,800 UNWIRED PLANET INC NEW COM 91531F103 345 150,000 SH DEFINED 1 150,000 VERINT SYS INC COM 92343X100 1,918 65,000 SH DEFINED 1 65,000 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 19,884 15,484,000 PRN SOLE 15,484,000 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 27,956 21,770,000 PRN DEFINED 1 21,770,000 VERISIGN INC COM 92343E102 24,626 565,200 SH SOLE 565,200 VERISIGN INC COM 92343E102 12,740 292,400 SH DEFINED 1 292,400 VERSANT CORP COM NEW 925284309 292 30,000 SH DEFINED 1 30,000 VIRGIN MEDIA INC COM 92769L101 488 20,000 SH DEFINED 1 20,000 VISA INC COM 92826C839 16,270 131,600 SH SOLE 131,600 VISA INC COM 92826C839 13,364 108,100 SH DEFINED 1 108,100 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 141 50,000 SH DEFINED 1 50,000 VULCAN MATLS CO COM 929160109 1,108 27,900 SH DEFINED 1 27,900 WALTER INVT MGMT CORP COM 93317W102 14,329 611,300 SH SOLE 611,300 WALTER INVT MGMT CORP COM 93317W102 11,521 491,500 SH DEFINED 1 491,500 WARWICK VALLEY TEL CO COM 936750108 1,004 76,157 SH SOLE 76,157 WARWICK VALLEY TEL CO COM 936750108 165 12,500 SH DEFINED 1 12,500 WEBMD HEALTH CORP COM 94770V102 205 10,000 SH DEFINED 1 10,000 WELLPOINT INC COM 94973V107 319 5,000 SH DEFINED 1 5,000 WHIRLPOOL CORP COM 963320106 6,624 108,300 SH DEFINED 1 108,300 YAHOO INC COM 984332106 158 10,000 SH DEFINED 1 10,000 YAMANA GOLD INC COM 98462Y100 8,719 566,200 SH SOLE 566,200 YAMANA GOLD INC COM 98462Y100 6,419 416,800 SH DEFINED 1 416,800 1,923,431
SK 02903 0001 1308964