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
Estimated average burden
hours per response: 23.8
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
ACTIVISION BLIZZARD INC COM 00507V109 1,052 59,000 SH   DFND   59,000 0 0
AMERICAN INTL GROUP INC COM NEW 26874784 2,780 54,447 SH   DFND   54,447 0 0
ANN INC COM 35623107 472 12,900 SH   DFND   12,900 0 0
BANK OF AMERICA CORPORATION COM 60505104 3,139 201,587 SH   DFND   201,587 0 0
BANK OF AMERICA CORPORATION PUT 60505954 1,113 71,500 SH Put DFND   71,500 0 0
BLOCK H & R INC COM 93671105 5,556 191,308 SH   DFND   191,308 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 1,209 21,225 SH   DFND   21,225 0 0
CITIGROUP INC COM NEW 172967424 4,460 85,585 SH   DFND   85,585 0 0
CLEAN ENERGY FUELS CORP COM 184499101 908 70,500 SH   DFND   70,500 0 0
CUMULUS MEDIA INC CL A 231082108 1,623 210,000 SH   DFND   210,000 0 0
CVS CAREMARK CORPORATION COM 126650100 3,723 52,020 SH   DFND   52,020 0 0
DISNEY WALT CO COM DISNEY 254687106 1,345 17,600 SH   DFND   17,600 0 0
DYNEGY INC NEW DEL COM 26817R108 272 12,622 SH   DFND   12,622 0 0
ESSA BANCORP INC COM 29667D104 244 21,065 SH   DFND   21,065 0 0
FIFTH & PAC COS INC COM 316645100 683 21,300 SH   DFND   21,300 0 0
FINISH LINE INC CL A 317923100 727 25,800 SH   DFND   25,800 0 0
FOOT LOCKER INC COM 344849104 4,767 115,025 SH   DFND   115,025 0 0
GENERAL MTRS CO COM 37045V100 2,610 63,850 SH   DFND   63,850 0 0
GNC HLDGS INC COM CL A 36191G107 1,642 28,100 SH   DFND   28,100 0 0
ISHARES MSCI EMG MKT ETF 464287234 502 12,000 SH   DFND   12,000 0 0
ISHARES MSCI TAIWAN ETF 464286731 238 16,500 SH   DFND   16,500 0 0
JPMORGAN CHASE & CO COM 46625H100 3,480 59,511 SH   DFND   59,511 0 0
KOHLS CORP COM 500255104 681 12,000 SH   DFND   12,000 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 1,673 57,000 SH   DFND   57,000 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 5,148 260,545 SH   DFND   260,545 0 0
MACYS INC COM 55616P104 5,337 99,942 SH   DFND   99,942 0 0
MICROS SYS INC COM 594901100 2,151 37,500 SH   DFND   37,500 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 458 16,988 SH   DFND   16,988 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 5,346 1,214,954 SH   DFND   1,214,954 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 811 72,700 SH   DFND   72,700 0 0
OCWEN FINL CORP COM NEW 675746309 1,542 27,800 SH   DFND   27,800 0 0
OMNICARE INC COM 681904108 2,433 40,300 SH   DFND   40,300 0 0
OUTERWALL INC COM 690070107 949 14,100 SH   DFND   14,100 0 0
PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 6,109 533,072 SH   DFND   533,072 0 0
PEABODY ENERGY CORP COM 704549104 457 23,400 SH   DFND   23,400 0 0
QEP RES INC COM 74733V100 713 23,250 SH   DFND   23,250 0 0
REALOGY HLDGS CORP COM 75605Y106 3,118 63,024 SH   DFND   63,024 0 0
SEARS HLDGS CORP PUT 812350956 579 11,800 SH Put DFND   11,800 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 611 12,300 SH   DFND   12,300 0 0
SOTHEBYS COM 835898107 931 17,500 SH   DFND   17,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,992 16,200 SH   DFND   16,200 0 0
TIMKEN CO COM 887389104 975 17,700 SH   DFND   17,700 0 0
TOWN SPORTS INTL HLDGS INC COM 89214A102 1,413 95,700 SH   DFND   95,700 0 0
UNITED RENTALS INC COM 911363109 1,832 23,500 SH   DFND   23,500 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 495 23,927 SH   DFND   23,927 0 0
VALUECLICK INC COM 92046N102 549 23,500 SH   DFND   23,500 0 0
WELLPOINT INC COM 94973V107 4,163 45,059 SH   DFND   45,059 0 0