13F-HR 1 sec033111.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/2011 Check here if Amendment [ ]: Amendment Number: -------------- This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Pine River Capital Management L.P. Address: 601 Carlson Parkway, Suite 330 Minnetonka, MN 55305 Form 13F File Number: 028-10902 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: Pine River Capital Management LLC By: Brian Taylor Title: Sole Member Signature, Place and Date of Signing: /s/ Brian Taylor 601 Carlson Parkway Suite 330 Date: May 16, 2011 ------------------- Minnetonka, MN 55305 Report Type (Check only one): [x] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 258 Form 13F Information Table Value Total: 999,346 (thousands) List of Other Included Managers: None Form 13F INFORMATION TABLE
------------------------------------------------------------------------------------------------------------------------------------ Name of Value Shrs or Put/ Investment Other Voting authority Issuer Class Title CUSIP (x$1000) prn amt. SH/PRN Call discretion managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ABERDEEN CHILE FD INC FUND 00301W105 318 15000 SH SOLE none 15000 ------------------------------------------------------------------------------------------------------------ ACCURIDE CORP COM 00439T206 278 20000 SH SOLE none 20000 ------------------------------------------------------------------------------------------------------------ ACXIOM CORP COM 005125109 431 30000 SH SOLE none 30000 ------------------------------------------------------------------------------------------------------------ ACXIOM CORP COM 005125109 502 35000 SH CALL SOLE none 35000 ------------------------------------------------------------------------------------------------------------ ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 DEBT 007903AN7 15803 15250000 PRN SOLE none 15250000 ------------------------------------------------------------------------------------------------------------ AIRTRAN HLDGS INC COM 00949P108 2200 295300 SH SOLE none 295300 ------------------------------------------------------------------------------------------------------------ ALLIANCE BANCORP INC PA COM 01890A108 268 25000 SH SOLE none 25000 ------------------------------------------------------------------------------------------------------------ ALLIANCE ONE INTL INC COM COM 018772103 2776 690500 SH SOLE none 690500 ------------------------------------------------------------------------------------------------------------ ALPINE GLOBAL PREMIER PPTYS COM SBI FUND 02083A103 1290 183994 SH SOLE none 183994 ------------------------------------------------------------------------------------------------------------ AMBASSADORS INTL INC NOTE 3.750% 4/1 DEBT 023178AA4 1529 3555000 PRN SOLE none 3555000 ------------------------------------------------------------------------------------------------------------ AMERICAN CAP LTD COM COM 02503Y103 2689 271334 SH SOLE none 271334 ------------------------------------------------------------------------------------------------------------ AMERICAN CAPITAL AGENCY CORP COM REIT 02503X105 84655 2905105 SH SOLE none 2905105 ------------------------------------------------------------------------------------------------------------ AMERICAN MED SYS HLDGS INC NOTE 3.250% 7/0 DEBT 02744MAA6 3674 3193000 PRN SOLE none 3193000 ------------------------------------------------------------------------------------------------------------ AMR CORP COM 001765106 1696 262600 SH SOLE none 262600 ------------------------------------------------------------------------------------------------------------ ANCHOR BANCORP WA COM 032838104 663 62000 SH SOLE none 62000 ------------------------------------------------------------------------------------------------------------ ANNALY CAP MGMT INC NOTE 4.000% 2/1 DEBT 035710AA0 10096 8700000 PRN SOLE none 8700000 ------------------------------------------------------------------------------------------------------------ APPLE INC COM COM 037833100 1865 5350 SH SOLE none 5350 ------------------------------------------------------------------------------------------------------------ APPLE INC COM COM 037833100 10455 30000 SH CALL SOLE none 30000 ------------------------------------------------------------------------------------------------------------ ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 WARRANT 042315119 353 5036672 SH SOLE none 5036672 ------------------------------------------------------------------------------------------------------------ ASSURED GUARANTY LTD COM COM G0585R106 1490 100000 SH PUT SOLE none 100000 ------------------------------------------------------------------------------------------------------------ AUSTRALIA ACQUISITION CORP *W EXP WARRANT G06368115 74 227200 SH SOLE none 227200 ------------------------------------------------------------------------------------------------------------ AUSTRALIA ACQUISITION CORP SHS COM G06368107 1990 206400 SH SOLE none 206400 ------------------------------------------------------------------------------------------------------------ AVATAR HLDGS INC NOTE 4.500% 4/0 DEBT 053494AF7 250 250000 PRN SOLE none 250000 ------------------------------------------------------------------------------------------------------------ BAKER HUGHES INC COM COM 057224107 633 8617 SH SOLE none 8617 ------------------------------------------------------------------------------------------------------------ BANRO CORP *W EXP 09/17/201 WARRANT 066800111 57 100000 SH SOLE none 100000 ------------------------------------------------------------------------------------------------------------ BARCLAYS BK PLC IPTH S&P VIX ETP 06740C261 734 25000 SH SOLE none 100000 ------------------------------------------------------------------------------------------------------------ BARCLAYS BK PLC IPTH S&P VIX ETP 06740C261 1469 50000 SH PUT SOLE none 50000 ------------------------------------------------------------------------------------------------------------ BASIC ENERGY SVCS INC COM COM 06985P100 1169 45832 SH SOLE none 45832 ------------------------------------------------------------------------------------------------------------ BEAZER HOMES USA INC UNIT UNIT 07556Q501 2333 111400 SH SOLE none 111400 ------------------------------------------------------------------------------------------------------------ BERKSHIRE HATHAWAY INC DEL CL B COM 084670702 3011 36000 SH SOLE none 36000 ------------------------------------------------------------------------------------------------------------ BEST BUY INC SDCV 2.250% 1/1 DEBT 086516AF8 2555 2500000 PRN SOLE none 2500000 ------------------------------------------------------------------------------------------------------------ BIONOVO INC COM 090643206 127 191158 SH SOLE none 191158 ------------------------------------------------------------------------------------------------------------ BLACKROCK DEBT STRAT FD INC COM FUND 09255R103 484 121366 SH SOLE none 121366 ------------------------------------------------------------------------------------------------------------ BOISE INC *W EXP 06/18/201 WARRANT 09746Y113 85 49787 SH SOLE none 49787 ------------------------------------------------------------------------------------------------------------ BON-TON STORES INC COM COM 09776J101 1396 90061 SH SOLE none 90061 ------------------------------------------------------------------------------------------------------------ BP PLC SPONSORED ADR ADR 055622104 5164 117000 SH SOLE none 117000 ------------------------------------------------------------------------------------------------------------ CAZADOR ACQUISITION CORPORATE *W WARRANT 1G19867129 63 140800 SH SOLE none 140800 ------------------------------------------------------------------------------------------------------------ CAZADOR ACQUISITION CORPORAT SHS COM 1G19867103 1357 140200 SH SOLE none 140200 ------------------------------------------------------------------------------------------------------------ CEMEX SAB DE CV SPON ADR NEW ADR 151290889 9284 1039687 SH SOLE none 1039687 ------------------------------------------------------------------------------------------------------------ CEPHALON INC COM 156708109 928 12200 SH PUT SOLE none 12200 ------------------------------------------------------------------------------------------------------------ CHESAPEAKE ENERGY CORP COM 165167107 426 12700 SH SOLE none 12700 ------------------------------------------------------------------------------------------------------------ CHESAPEAKE LODGING TR SH BEN INT REIT 165240102 1546 88800 SH SOLE none 88800 ------------------------------------------------------------------------------------------------------------ CHINA GERUI ADV MAT GR LTD SHS COM G21101103 1055 224382 SH SOLE none 224382 ------------------------------------------------------------------------------------------------------------ CHINA HYDROELECTRIC CORPORAT *W EXP 01/25/201 WARRANT G2112E145 201 649292 SH SOLE none 649292 ------------------------------------------------------------------------------------------------------------ CISCO SYS INC COM 17275R102 686 40000 SH SOLE none 40000 ------------------------------------------------------------------------------------------------------------ CISCO SYS INC COM 17275R102 2573 150000 SH CALL SOLE none 150000 ------------------------------------------------------------------------------------------------------------ CITIGROUP INC COM COM 172967101 221 50000 SH SOLE none 50000 ------------------------------------------------------------------------------------------------------------ CMS ENERGY CORP NOTE 2.875% 12/0 DEBT 125896AW0 12941 8500000 PRN SOLE none 8500000 ------------------------------------------------------------------------------------------------------------ CMS ENERGY CORP NOTE 5.500% 6/1 DEBT 125896BD1 9713 6685000 PRN SOLE none 6685000 ------------------------------------------------------------------------------------------------------------ COMMUNITY BANKERS TR CORP *W EXP 06/04/201 WARRANT 203612114 0 18300 SH SOLE none 18300 ------------------------------------------------------------------------------------------------------------ COMMUNITY BANKERS TR CORP COM 203612106 402 346365 SH SOLE none 346365 ------------------------------------------------------------------------------------------------------------ CREXUS INVT CORP REIT 226553105 22555 1975000 SH SOLE none 1975000 ------------------------------------------------------------------------------------------------------------ CRUDE CARRIERS CORPORATION COM Y1820X106 314 20800 SH SOLE none 20800 ------------------------------------------------------------------------------------------------------------ CUBIST PHARMACEUTICALS INC COM COM 229678107 3137 124300 SH SOLE none 124300 ------------------------------------------------------------------------------------------------------------ CURRENCYSHARES CDN DLR TR CDN DOLLAR SHS ETP 23129X105 349 3400 SH SOLE none 3400 ------------------------------------------------------------------------------------------------------------ CURRENCYSHARES CDN DLR TR CDN DOLLAR SHS ETP 23129X105 1026 10000 SH PUT SOLE none 10000 ------------------------------------------------------------------------------------------------------------ CURRENCYSHARES EURO TR EURO SHS ETP 23130C108 1835 13000 SH SOLE none 13000 ------------------------------------------------------------------------------------------------------------ CURRENCYSHARES EURO TR EURO SHS ETP 23130C108 6352 45000 SH PUT SOLE none 45000 ------------------------------------------------------------------------------------------------------------ CURRENCYSHS JAPANESE YEN TR JAPANESE YEN ETP 23130A102 534 4500 SH SOLE none 4500 ------------------------------------------------------------------------------------------------------------ CURRENCYSHS JAPANESE YEN TR JAPANESE YEN ETP 23130A102 1485 12500 SH PUT SOLE none 12500 ------------------------------------------------------------------------------------------------------------ DECODE GENETICS INC NOTE 3.500% 4/1 DEBT 243586AD6 82 10963000 PRN SOLE none 10963000 ----------------------------------------------------------------------------------------------------------- DENALI FD INC COM FUND 24823A102 420 26099 SH SOLE none 26099 ----------------------------------------------------------------------------------------------------------- DEVELOPERS DIVERSIFIED RLTY NOTE 3.500% 8/1 DEBT 251591AQ6 995 1000000 PRN SOLE none 1000000 ----------------------------------------------------------------------------------------------------------- DEX ONE CORP COM COM 25212W100 252 52000 SH SOLE none 52000 ------------------------------------------------------------------------------------------------------------ DHT HOLDINGS INC COM Y2065G105 826 171750 SH SOLE none 171750 ------------------------------------------------------------------------------------------------------------ DIGITAL RIV INC COM COM 25388B104 2613 69800 SH SOLE none 69800 ------------------------------------------------------------------------------------------------------------ DOLAN CO COM COM 25659P402 9478 780713 SH SOLE none 780713 ------------------------------------------------------------------------------------------------------------ DOMINION RES INC VA NEW NOTE 2.125% 12/1 DEBT 25746UAT6 31750 25000000 PRN SOLE none 25000000 ------------------------------------------------------------------------------------------------------------ DRUGSTORE INC COM 262241102 1155 300000 SH SOLE none 300000 ------------------------------------------------------------------------------------------------------------ DRYSHIPS INC SHS COM Y2109Q101 9294 1877600 SH SOLE none 1877600 ------------------------------------------------------------------------------------------------------------ DYNEX CAP INC REIT 26817Q506 8764 871143 SH SOLE none 871143 ------------------------------------------------------------------------------------------------------------ E M C CORP MASS NOTE 1.750%12/0 DEBT 268648AK8 8279 5000000 PRN SOLE none 5000000 ------------------------------------------------------------------------------------------------------------ EASTMAN KODAK CO NOTE 7.000% 4/0 DEBT 277461BJ7 4441 5000000 PRN SOLE none 5000000 ------------------------------------------------------------------------------------------------------------ EINSTEIN NOAH REST GROUP INC COM COM 28257U104 803 49329 SH SOLE none 49329 ------------------------------------------------------------------------------------------------------------ ENERGY PARTNERS LTD COM NEW COM 29270U303 1573 87373 SH SOLE none 87373 ------------------------------------------------------------------------------------------------------------ EOG RES INC COM COM 26875P101 1185 10000 SH SOLE none 10000 ------------------------------------------------------------------------------------------------------------ EPICEPT CORP COM 294264304 180 250000 SH CALL SOLE none 250000 ------------------------------------------------------------------------------------------------------------ ESSEX RENT CORP COM 297187106 336 47590 SH SOLE none 47590 ------------------------------------------------------------------------------------------------------------ EXTERRAN HLDGS INC COM 30225X103 2155 90800 SH SOLE none 90800 ------------------------------------------------------------------------------------------------------------ FEDFIRST FINL CORP COM 31429C101 171 12398 SH SOLE none 12398 ------------------------------------------------------------------------------------------------------------ FINANCIAL INSTNS INC COM 317585404 350 20000 SH SOLE none 20000 ------------------------------------------------------------------------------------------------------------ FREESEAS INC SHS COM Y26496144 588 211532 SH SOLE none 211532 ------------------------------------------------------------------------------------------------------------ FULL CIRCLE CAP CORP COM 359671104 109 13600 SH SOLE none 13600 ------------------------------------------------------------------------------------------------------------ GAMESTOP CORP NEW CL A COM 36467W109 2252 100000 SH CALL SOLE none 100000 ------------------------------------------------------------------------------------------------------------ GAYLORD ENTMT CO NEW COM COM 367905106 4595 132500 SH SOLE none 132500 ------------------------------------------------------------------------------------------------------------ GENERAL MARITIME CORP NEW SHS COM Y2693R101 1322 645000 SH SOLE none 645000 ------------------------------------------------------------------------------------------------------------ GENERAL MARITIME CORP NEW SHS COM Y2693R101 40 19600 SH CALL SOLE none 19600 ------------------------------------------------------------------------------------------------------------ GENERAL MOTORS CO COM 37045V100 531 17100 SH SOLE none 17100 ------------------------------------------------------------------------------------------------------------ GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 COM 37941P306 1302 47328 SH SOLE none 47328 ------------------------------------------------------------------------------------------------------------ GOLDEN STAR RES LTD CDA DBCV 4.000%11/3 DEBT 38119TAC8 5038 5000000 PRN SOLE none 5000000 ------------------------------------------------------------------------------------------------------------ GOLUB CAP BDC INC COM 38173M102 387 24501 SH SOLE none 24501 ------------------------------------------------------------------------------------------------------------ GSI MERCE INC NOTE 2.500% 6/0 COM 36238GAD4 3371 3000000 PRN SOLE none 3000000 ------------------------------------------------------------------------------------------------------------ HARTFORD FINL SVCS GROUP INC *EXP 06/26/201 WARRANT 416515120 3546 193332 SH SOLE none 193332 ------------------------------------------------------------------------------------------------------------ HATTERAS FINL CORP REIT 41902R103 58973 2097200 SH SOLE none 2097200 ------------------------------------------------------------------------------------------------------------ HECKMANN CORP *W EXP 11/09/201 WARRANT 422680116 453 476897 SH SOLE none 476897 ------------------------------------------------------------------------------------------------------------ HILLTOP HOLDINGS INC COM COM 432748101 251 25000 SH SOLE none 25000 ------------------------------------------------------------------------------------------------------------ HORIZON LINES INC COM COM 44044K101 159 186706 SH SOLE none 186706 ------------------------------------------------------------------------------------------------------------ HYPER CORP COM 44913M105 172 14330 SH SOLE none 14330 ------------------------------------------------------------------------------------------------------------ HYPERDYNAMICS CORP COM 448954107 1349 292050 SH SOLE none 292050 ------------------------------------------------------------------------------------------------------------ IAC INTERACTIVECORP COM PAR $.001 COM 44919P508 3804 123076 SH CALL SOLE none 123076 ------------------------------------------------------------------------------------------------------------ ILLUMINA INC COM 452327109 5038 71900 SH SOLE none 71900 ------------------------------------------------------------------------------------------------------------ INFORMATION SERVICES GROUP I COM COM 45675Y104 943 430766 SH SOLE none 430766 ------------------------------------------------------------------------------------------------------------ INFUSYSTEM HLDGS INC COM 45685K102 733 271441 SH SOLE none 271441 ------------------------------------------------------------------------------------------------------------ INTERMUNE INC COM 45884X103 1935 41000 SH PUT SOLE none 41000 ------------------------------------------------------------------------------------------------------------ INTERNATIONAL COAL GRP INC N COM 45928H106 5368 475000 SH SOLE none 475000 ------------------------------------------------------------------------------------------------------------ INVESCO MORTGAGE CAPITAL INC REIT 46131B100 24343 1114090 SH SOLE none 1114090 ------------------------------------------------------------------------------------------------------------ IRIDIUM COMMUNICATIONS *W EXP 02/14/201 WARRANT 46269C128 88 62635 SH SOLE none 62635 ------------------------------------------------------------------------------------------------------------ IRON MTN INC COM 462846106 1093 35000 SH CALL SOLE none 35000 ------------------------------------------------------------------------------------------------------------ ISHARES SILVER TRUST ISHARES ETP 46428Q109 1450 39442 SH SOLE none 39442 ------------------------------------------------------------------------------------------------------------ ISHARES TR DJ US REAL EST ETP 464287739 534 8997 SH SOLE none 8997 ------------------------------------------------------------------------------------------------------------ ISHARES TR HIGH YLD CORP COM 464288513 9196 100000 SH PUT SOLE none 100000 ------------------------------------------------------------------------------------------------------------ JACK IN THE BOX INC COM COM 466367109 430 18974 SH SOLE none 18974 ------------------------------------------------------------------------------------------------------------ JAGUAR MNG INC COM 47009M103 911 174500 SH SOLE none 174500 ------------------------------------------------------------------------------------------------------------ JDS UNIPHASE CORP COM PAR $0.001 COM 46612J507 3793 182000 SH SOLE none 182000 ------------------------------------------------------------------------------------------------------------ JP MORGAN CHASE & CO COM COM 46625H100 7330 1590000 SH SOLE none 1590000 ------------------------------------------------------------------------------------------------------------ KINGSWAY FINL SVCS INC COM COM 496904103 96 102995 SH SOLE none 102995 ------------------------------------------------------------------------------------------------------------ KKR & CO L P DEL COM UNITS LP 48248M102 410 25000 SH SOLE none 25000 ------------------------------------------------------------------------------------------------------------ KULICKE & SOFFA INDS INC NOTE 0.875% 6/0 DEBT 501242AT8 2029 2000000 PRN SOLE none 2000000 ------------------------------------------------------------------------------------------------------------ LEAR CORP COM NEW COM 521865204 1319 27000 SH SOLE none 27000 ------------------------------------------------------------------------------------------------------------ LECROY CORP NOTE 4.000%10/1 DEBT 52324WAB5 3494 3295000 PRN SOLE none 3295000 ------------------------------------------------------------------------------------------------------------ LENNAR CORP CL B COM 526057302 214 14593 SH SOLE none 14593 ------------------------------------------------------------------------------------------------------------ LIBERTY GLOBAL INC COM SER C COM 530555309 568 14200 SH SOLE none 14200 ------------------------------------------------------------------------------------------------------------ LIBERTY MEDIA CORP DEB 3.250% 3/1 DEBT 530715AR2 4137 5012000 PRN SOLE none 5012000 ------------------------------------------------------------------------------------------------------------ LIFE TECHNOLOGIES CORP COM COM 53217V109 524 10000 SH CALL SOLE none 10000 ------------------------------------------------------------------------------------------------------------ LUBRIZOL CORP COM 549271104 2679 20000 SH CALL SOLE none 20000 ------------------------------------------------------------------------------------------------------------ MACROVISION CORP NOTE 2.625% 8/1 DEBT 555904AB7 4759 2500000 PRN SOLE none 2500000 ------------------------------------------------------------------------------------------------------------ MARINA BIOTECH INC COM 56804Q102 111 159000 SH SOLE none 159000 ------------------------------------------------------------------------------------------------------------ MARSHALL & ILSLEY CORP COM 571837103 1244 155671 SH SOLE none 155671 ------------------------------------------------------------------------------------------------------------ MCCLATCHY CO CL A COM 579489105 355 104557 SH SOLE none 104557 ------------------------------------------------------------------------------------------------------------ MEDICIS PHARMACEUTICAL NOTE 2.500% 6/0 DEBT 58470KAA2 5785 5000000 PRN SOLE none 5000000 ------------------------------------------------------------------------------------------------------------ MEDLEY CAP CORP COM 58503F106 650 53400 SH SOLE none 53400 ------------------------------------------------------------------------------------------------------------ MFA FINANCIAL INC COM REIT 55272X102 32685 3986000 SH SOLE none 3986000 ------------------------------------------------------------------------------------------------------------ MGM RESORTS INTERNATIONAL COM COM 552953101 11233 854200 SH SOLE none 854200 ------------------------------------------------------------------------------------------------------------ MICRON TECHNOLOGY INC NOTE 4.250%10/1 DEBT 595112AJ2 42431 18000000 PRN SOLE none 18000000 ------------------------------------------------------------------------------------------------------------ MICROSOFT CORP COM COM 594918104 9698 381965 SH SOLE none 381965 ------------------------------------------------------------------------------------------------------------ MINES MGMT INC COM 603432105 264 91600 SH SOLE none 91600 ------------------------------------------------------------------------------------------------------------ MOLSON COORS BREWING CO CL B COM 60871R209 381 8129 SH SOLE none 8129 ------------------------------------------------------------------------------------------------------------ MOLSON COORS BREWING CO CL B COM 60871R209 4689 100000 SH CALL SOLE none 100000 ------------------------------------------------------------------------------------------------------------ NABORS INDUSTRIES LTD SHS COM G6359F103 2795 92000 SH SOLE none 92000 ------------------------------------------------------------------------------------------------------------ NEOSTEM INC COM NEW COM 640650305 258 150000 SH CALL SOLE none 150000 ------------------------------------------------------------------------------------------------------------ CASTLE INVT CORP REIT 65105M108 2718 450000 SH SOLE none 450000 ------------------------------------------------------------------------------------------------------------ NORTHSTAR RLTY FIN CORP COM 66704R100 349 65300 SH CALL SOLE none 65300 ------------------------------------------------------------------------------------------------------------ NVIDIA CORP COM 67066G104 3507 190000 SH SOLE none 190000 ------------------------------------------------------------------------------------------------------------ NYSE EURONEXT COM 629491101 4270 121400 SH SOLE none 121400 ------------------------------------------------------------------------------------------------------------ NYSE EURONEXT COM 629491101 3580 101800 SH CALL SOLE none 101800 ------------------------------------------------------------------------------------------------------------ OCEANEERING INTL INC COM COM 675232102 300 3351 SH SOLE none 3351 ------------------------------------------------------------------------------------------------------------ OCEANFREIGHT INC SHS A COM Y64202115 402 573980 SH SOLE none 573980 ------------------------------------------------------------------------------------------------------------ OCWEN FINL CORP COM NEW COM 675746309 2837 257474 SH SOLE none 257474 ------------------------------------------------------------------------------------------------------------ OIL STS INTL INC NOTE 2.375% 7/0 DEBT 678026AB1 14431 6000000 PRN SOLE none 6000000 ------------------------------------------------------------------------------------------------------------ OLD REP INTL CORP COM 680223104 1572 123900 SH SOLE none 123900 ------------------------------------------------------------------------------------------------------------ OMNICARE INC NOTE 3.750% 12/1 DEBT 681904AN8 10969 8500000 PRN SOLE none 8500000 ------------------------------------------------------------------------------------------------------------ OMNI GROUP INC NOTE 7/3 DEBT 681919AV8 2563 2500000 PRN SOLE none 2500000 ------------------------------------------------------------------------------------------------------------ ON SEMICONDUCTOR CORP NOTE 4/1 DEBT 682189AE5 7914 7000000 PRN SOLE none 7000000 ------------------------------------------------------------------------------------------------------------ ONE LIBERTY PPTYS INC COM 682406103 228 15108 SH SOLE none 15108 ------------------------------------------------------------------------------------------------------------ ONLINE RES CORP COM 68273G101 378 100000 SH SOLE none 100000 ------------------------------------------------------------------------------------------------------------ ORACLE CORP COM COM 68389X105 5516 165000 SH SOLE none 165000 ------------------------------------------------------------------------------------------------------------ ORACLE CORP COM COM 68389X105 8358 250000 SH CALL SOLE none 250000 ------------------------------------------------------------------------------------------------------------ OWENS CORNING NEW *W EXP 10/30/201 WARRANT 690742127 1148 328114 SH SOLE none 328114 ------------------------------------------------------------------------------------------------------------ OWENS ILL INC COM COM 690768403 4643 153800 SH SOLE none 153800 ------------------------------------------------------------------------------------------------------------ OXFORD LANE CAP CORP COM 691543102 228 12150 SH SOLE none 12150 ------------------------------------------------------------------------------------------------------------ PENSON WORLDWIDE INC COM COM 709600100 3164 471500 SH SOLE none 471500 ------------------------------------------------------------------------------------------------------------ PFIZER INC COM COM 717081103 353 17400 SH CALL SOLE none 17400 ------------------------------------------------------------------------------------------------------------ PHH CORP NOTE 4.000% 4/1 DEBT 693320AH6 29283 25000000 PRN SOLE none 25000000 ------------------------------------------------------------------------------------------------------------ PIMCO INCOME STRATEGY FUND I COM FUND 72201J104 563 53941 SH SOLE none 53941 ------------------------------------------------------------------------------------------------------------ PMI GROUP INC COM COM 69344M101 2927 1084000 SH SOLE none 1084000 ------------------------------------------------------------------------------------------------------------ POWERSHS DB US DOLLAR INDEX DOLL INDX BULL ETP 73936D107 1307 60000 SH SOLE none 60000 ------------------------------------------------------------------------------------------------------------ POWERWAVE TECHNOLOGIES INC NOTE 3.875%10/0 DEBT 739363AF6 1502 1556000 PRN SOLE none 1556000 ------------------------------------------------------------------------------------------------------------ PRIDE INTL INC DEL COM 74153Q102 6180 143882 SH SOLE none 143882 ------------------------------------------------------------------------------------------------------------ PROCTER & GAMBLE CO COM 742718109 6160 100000 SH SOLE none 100000 ------------------------------------------------------------------------------------------------------------ PROLOGIS NOTE 2.625% 5/1 DEBT 743410AS1 10938 11000000 PRN SOLE none 11000000 ------------------------------------------------------------------------------------------------------------ QUICKSILVER RESOURCES INC COM 74837R104 641 44800 SH CALL SOLE none 44800 ------------------------------------------------------------------------------------------------------------ RAIT FINANCIAL TRUST REIT 749227104 881 358000 SH SOLE none 358000 ------------------------------------------------------------------------------------------------------------ RAIT FINANCIAL TRUST REIT 749227104 834 338900 SH PUT SOLE none 338900 ------------------------------------------------------------------------------------------------------------ RAMBUS INC DEL NOTE 5.000% 6/1 DEBT 750917AC0 12148 9500000 PRN SOLE none 9500000 ------------------------------------------------------------------------------------------------------------ RC2 CORP COM 749388104 2635 93787 SH SOLE none 93787 ------------------------------------------------------------------------------------------------------------ RED ROBIN GOURMET BURGERS IN COM COM 75689M101 560 20808 SH SOLE none 20808 ------------------------------------------------------------------------------------------------------------ REDDY ICE HLDGS INC COM 75734R105 120 40000 SH SOLE none 40000 ------------------------------------------------------------------------------------------------------------ REGIS CORP MINN COM 758932107 444 25000 SH SOLE none 25000 ------------------------------------------------------------------------------------------------------------ RESOLUTE ENERGY CORP *W EXP 09/25/201 WARRANT 76116A116 4467 862338 SH SOLE none 862338 ------------------------------------------------------------------------------------------------------------ RETAIL OPPORTUNITY INVTS COR *W EXP 10/23/201 WARRANT 76131N119 7384 7384163 SH SOLE none 7384163 ------------------------------------------------------------------------------------------------------------ RITE AID CORP COM COM 767754104 563 531000 SH SOLE none 531000 ------------------------------------------------------------------------------------------------------------ ROYCE FOCUS TR COM FUND 78080N108 1385 165713 SH SOLE none 165713 ------------------------------------------------------------------------------------------------------------ RUTHS HOSPITALITY GROUP INC COM COM 783332109 355 68755 SH SOLE none 68755 ------------------------------------------------------------------------------------------------------------ SAFEGUARD SCIENTIFICS INC COM 786449207 948 46600 SH CALL SOLE none 46600 ------------------------------------------------------------------------------------------------------------ SAFEGUARD SCIENTIFICS INC DBCV 10.125% 3/1 DEBT 786449AH1 5093 3367000 PRN SOLE none 3367000 ------------------------------------------------------------------------------------------------------------ SAKS INC COM COM 79377W108 7761 686200 SH SOLE none 686200 ------------------------------------------------------------------------------------------------------------ SANDISK CORP COM COM 80004C101 496 10770 SH SOLE none 10770 ----------------------------------------------------------------------------------------------------------- SANDRIDGE ENERGY INC COM COM 80007P307 512 40000 SH SOLE none 40000 ------------------------------------------------------------------------------------------------------------ SCHLUMBERGER LTD COM COM 806857108 968 10379 SH SOLE none 10379 ------------------------------------------------------------------------------------------------------------ SCORPIO TANKERS INC SHS COM Y7542C106 403 39048 SH SOLE none 39048 ------------------------------------------------------------------------------------------------------------ SEADRILL LIMITED SHS COM G7945E105 1804 50000 SH SOLE none 50000 ------------------------------------------------------------------------------------------------------------ SEANERGY MARITIME HLDGS *W EXP 09/24/201 WARRANT Y73760111 89 3508638 SH SOLE none 3508638 ------------------------------------------------------------------------------------------------------------ SEARCHMEDIA HOLDINGS LTD *W EXP 11/19/201 WARRANT G8005Y114 27 226449 SH SOLE none 226449 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS DISCR ETP 81369Y407 586 15000 SH SOLE none 15000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS DISCR ETP 81369Y407 1562 40000 SH CALL SOLE none 40000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS DISCR ETP 81369Y407 5662 145000 SH PUT SOLE none 145000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS STPLS ETP 81369Y308 539 18000 SH SOLE none 18000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS STPLS ETP 81369Y308 1496 50000 SH CALL SOLE none 50000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI CONS STPLS ETP 81369Y308 5984 200000 SH PUT SOLE none 200000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI HEALTHCARE ETP 81369Y209 397 12000 SH SOLE none 12000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI HEALTHCARE ETP 81369Y209 1656 50000 SH CALL SOLE none 50000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI HEALTHCARE ETP 81369Y209 3311 100000 SH PUT SOLE none 100000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-ENERGY ETP 81369Y506 4067 51000 SH SOLE none 51000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-ENERGY ETP 81369Y506 1595 20000 SH CALL SOLE none 20000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-ENERGY ETP 81369Y506 17944 225000 SH PUT SOLE none 225000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-FINL ETP 81369Y605 3966 242000 SH SOLE none 242000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-FINL ETP 81369Y605 2295 140000 SH CALL SOLE none 140000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-FINL ETP 81369Y605 20160 1230000 SH PUT SOLE none 1230000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-INDS ETP 81369Y704 490 13000 SH SOLE none 13000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-INDS ETP 81369Y704 1507 40000 SH CALL SOLE none 40000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-INDS ETP 81369Y704 5650 150000 SH PUT SOLE none 150000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-TECH ETP 81369Y803 1199 46000 SH SOLE none 46000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-TECH ETP 81369Y803 3128 120000 SH CALL SOLE none 120000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-TECH ETP 81369Y803 11858 455000 SH PUT SOLE none 455000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI INT-UTILS ETP 81369Y886 797 25000 SH SOLE none 25000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI MATERIALS ETP 81369Y100 520 13000 SH CALL SOLE none 13000 ------------------------------------------------------------------------------------------------------------ SELECT SECTOR SPDR TR SBI MATERIALS ETP 81369Y100 1001 25000 SH PUT SOLE none 25000 ------------------------------------------------------------------------------------------------------------ SESI L L C FRNT 1.500% 12/1 DEBT 78412FAH7 6338 6000000 PRN SOLE none 6000000 ------------------------------------------------------------------------------------------------------------ SIRIUS XM RADIO INC COM COM 82967N108 924 560000 SH SOLE none 560000 ------------------------------------------------------------------------------------------------------------ SLM CORP COM COM 78442P106 168 11000 SH SOLE none 11000 ------------------------------------------------------------------------------------------------------------ SMURFIT-STONE CONTAINER CORP COM COM 83272A104 4936 127701 SH SOLE none 127701 ------------------------------------------------------------------------------------------------------------ SOLAR SR CAP LTD COM 83416M105 1022 54850 SH SOLE none 54850 ------------------------------------------------------------------------------------------------------------ SOLUTIA INC *W EXP 02/27/201 WARRANT 834376147 2537 874668 SH SOLE none 874668 ------------------------------------------------------------------------------------------------------------ SPANSION INC CL A COM 84649R200 253 13563 SH SOLE none 13563 ------------------------------------------------------------------------------------------------------------ SPDR GOLD TRUST GOLD SHS ETP 78463V107 559 4000 SH SOLE none 4000 ------------------------------------------------------------------------------------------------------------ SPDR S & P 500 ETF TR TR UNIT ETP 78462F103 26518 200000 SH PUT SOLE none 200000 ------------------------------------------------------------------------------------------------------------ SPECIAL OPPORTUNITIES FD INC COM FUND 84741T104 314 20510 SH SOLE none 20510 ------------------------------------------------------------------------------------------------------------ SPHERIX INC COM 84842R106 206 468166 SH SOLE none 468166 ------------------------------------------------------------------------------------------------------------ SPHERIX INC COM 84842R106 85 192308 SH CALL SOLE none 192308 ------------------------------------------------------------------------------------------------------------ STAR BULK CARRIERS CORP COM Y8162K105 304 126582 SH SOLE none 126582 ------------------------------------------------------------------------------------------------------------ SWIFT ENERGY CO COM 870738101 817 19150 SH SOLE none 19150 ------------------------------------------------------------------------------------------------------------ TAM SA SP ADR REP PFD ADR 87484D103 876 44367 SH SOLE none 44367 ------------------------------------------------------------------------------------------------------------ TATA MTRS LTD SPONSORED ADR 876568502 1676 59520 SH SOLE none 59520 ------------------------------------------------------------------------------------------------------------ TEEKAY TANKERS LTD CL A COM Y8565N102 699 66859 SH SOLE none 66859 ------------------------------------------------------------------------------------------------------------ TERADYNE INC COM COM 880770102 1211 68000 SH SOLE none 68000 ------------------------------------------------------------------------------------------------------------ THQ INC COM 872443403 402 88100 SH SOLE none 88100 ------------------------------------------------------------------------------------------------------------ TRANS WORLD ENTMT CORP COM COM 89336Q100 285 172650 SH SOLE none 172650 ------------------------------------------------------------------------------------------------------------ TREX CO INC NOTE 6.000% 7/0 DEBT 89531PAA3 3904 2500000 PRN SOLE none 2500000 ------------------------------------------------------------------------------------------------------------ TRIANGLE CAP CORP COM 895848109 330 18254 SH SOLE none 18254 ------------------------------------------------------------------------------------------------------------ TSAKOS ENERGY NAVIGATION LTD SHS COM G9108L108 824 75000 SH SOLE none 75000 ------------------------------------------------------------------------------------------------------------ TWO HBRS INVT CORP *W EXP 07/13/201 WARRANT 90187B119 1150 2906918 SH SOLE none 2906918 ------------------------------------------------------------------------------------------------------------ US BANCORP DEL COM 902973304 3251 123000 SH SOLE none 123000 ------------------------------------------------------------------------------------------------------------ VALEANT PHARMACEUTICALS INTL COM 91911k102 747 15000 SH SOLE none 15000 ------------------------------------------------------------------------------------------------------------ VANTAGE DRILLING COMPANY *W EXP 05/24/201 WARRANT G93205121 1 271298 SH SOLE none 271298 ------------------------------------------------------------------------------------------------------------ VANTAGE DRILLING COMPANY ORD SHS COM G93205113 360 200000 SH SOLE none 200000 ------------------------------------------------------------------------------------------------------------ VERENIUM CORP COM 92340P209 576 189444 SH SOLE none 189444 ------------------------------------------------------------------------------------------------------------ VERENIUM CORP NOTE 5.500% 4/0 DEBT 92340PAA8 9795 10150000 PRN SOLE none 10150000 ------------------------------------------------------------------------------------------------------------ VERENIUM CORP NOTE 9.000% 4/0 DEBT 92340PAB6 2989 2956000 PRN SOLE none 2956000 ------------------------------------------------------------------------------------------------------------ VISTEON CORP COM 92839U206 2666 42667 SH SOLE none 42667 ------------------------------------------------------------------------------------------------------------ WALKER & DUNLOP INC COM COM 93148P102 518 42632 SH SOLE none 42632 ------------------------------------------------------------------------------------------------------------ WESTERN ASSET MUN HI INCM FD COM 95766N103 191 26400 SH SOLE none 26400 ------------------------------------------------------------------------------------------------------------ WESTERN LIBERTY BANCORP COM COM 961443108 890 222445 SH SOLE none 222445 ------------------------------------------------------------------------------------------------------------ WESTWAY GROUP INC *W EXP 05/24/201 WARRANT 96169B118 60 923694 SH SOLE none 923694 ------------------------------------------------------------------------------------------------------------ WESTWAY GROUP INC COM 96169B100 398 89371 SH SOLE none 89371 ------------------------------------------------------------------------------------------------------------ WORLD ACCEP CORPORATION NOTE 3.000% 10/0 DEBT 981417AB4 12385 11150000 PRN SOLE none 11150000 ------------------------------------------------------------------------------------------------------------ WOWJOINT HOLDINGS LIMITED *W EXP 05/15/201 WARRANT G9796W119 18 92365 SH SOLE none 92365 ------------------------------------------------------------------------------------------------------------ XILINX INC COM COM 983919101 7039 214600 SH SOLE none 214600 ------------------------------------------------------------------------------------------------------------ ZWEIG TOTAL RETURN FD INC FUND 989837109 2066 595461 SH SOLE none 595461 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 999346 258 ------------------------------------------------------------------------------------------------------------------------------------