13F-HR 1 efc6-0521_5833149form13f.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: December 31, 2005 ----------------- 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: Magnetar Financial LLC Address: 1603 Orrington Avenue 13th Floor Evanston, IL 60201 Form 13F File Number: [TBD] 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: Michael Turro Title: Chief Compliance Officer Phone: (847) 905-4690 Signature, Place, and Date of Signing: /s/ Michael Turro Evanston, IL 2/14/06 ----------------- ------------ -------- [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 manager(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: ------------------------------- Form 13F Information Table Entry Total: 194 ------------------------------- Form 13F Information Table Value Total: $2,237,896 ------------------------------- (thousands) List of Other Included Managers: Provide a numbered list of name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] None FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- At Road Inc COM 04648K105 3,089 590,646 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Abgenix COM 00339B107 2,689 125,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Abgenix COM 00339B107 25 125,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Adams Respiratory Therapeuti COM 00635P107 2,563 63,061 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Actions Semiconductor Co Ltd ADR 00507E107 2,376 300,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Affiliated Managers Group COM 008252108 1,824 22,725 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Agile Software Corp Del COM 00846X105 1,731 289,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Agilent Technologies Inc COM 00846U101 20,733 622,790 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Alamosa Hldgs Inc COM 011589108 101,604 5,459,670 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Alliance Data Systems Corp COM 018581108 9,448 265,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Alloy Inc COM 019855105 818 282,985 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Altiris Inc COM 02148M100 8,190 484,925 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- American Eqty Invt Life Hld COM 025676206 2,964 227,125 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Amicas Inc COM 001712108 1,886 380,293 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Andrx Corp Del Andrx Group 034553107 2,916 177,060 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Answerthink Inc COM 036916104 2,732 642,839 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Arden Rlty Inc COM 039793104 13,870 309,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ashworth Inc COM 04516H101 4,767 564,111 SH SOLE SOLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Atlas Amer Inc UNIT L P INT 049167109 56,907 944,978 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Atlas Pipeline Partners LP COM 049392103 6,090 150,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Barrier Therapeutics Inc COM 06850R108 2,785 339,613 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Beacon Roofing Supply Inc COM 073685109 1,494 52,009 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Benchmark Electrs Inc COM 08160H101 3,336 99,200 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Blackbaud Inc COM 09227Q100 1,492 87,336 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Boston Scientific Corp COM 101137107 2,449 100,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Broadcom Corp CL A 111320107 7,073 150,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Burlington Res Inc COM 122014103 179,477 2,082,100 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Celebrate Express Inc COM 15100A104 1,517 112,401 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Cendant Corp COM 151313103 12,039 697,900 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Century Casinos Inc COM 156492100 737 85,677 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Cenuco Inc COM 15670X104 885 300,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Cenveo Inc COM 15670S105 25,924 1,969,900 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Chiron Corp COM 170040109 12,893 289,985 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Cognos Inc COM 19244C109 20,086 578,687 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Coinmach SVC Corp Unit 19259W107 8,090 518,600 SH SOLE SOLE 99/99/9999 --------------------------------------------------------------------------------------------------------------------------------- Cold Spring Cap Inc COM 192865103 3,975 750,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Cold Spring Cap Inc W EXP 192865111 570 1,500,000 SH CALL SOLE SOLE 11/11/200 --------------------------------------------------------------------------------------------------------------------------------- Comstock Res Inc COM NEW 205768203 25,233 827,041 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Conocophillips COM 20825C104 17,454 300,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Copa Holdings SA CL A P31076105 3,761 137,776 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Covanta Hldg Corp COM 22282E102 1,657 110,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Cree Inc COM 225447101 6,941 275,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Dana Corp COM 235811106 452 7,000,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Dealertrack Hldgs Inc COM 242309102 2,298 109,534 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Delia's Inc New COM 246911101 1,174 141,492 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Dell Inc COM 24702R101 2,999 100,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Dell Inc COM 24702R101 25 250,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- DOV Pharmaceutical Inc COM 259858108 2,941 200,333 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Eagle Materials Inc CL B 26969P207 2,073 17,600 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Enbridge Energy Partners LP COM 29250R106 3,293 75,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Electronics for Imaging Inc COM 286082102 2,671 100,371 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Eschelon Telecom Inc COM 296290109 2,540 180,753 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- EV3 Inc COM 26928A200 743 50,425 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Falconstor Software Inc COM 306137100 2,173 294,059 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Firstservice Corp SUB VTG SH 33761N109 1,475 57,524 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Flir Sys Inc COM 302445101 2,973 133,125 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Flowserve Corp COM 34354P105 9,949 251,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Forbes Medi-Tech Inc COM 344907100 923 522,630 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Forbes Medi-Tech Inc COM 344907100 412 909,091 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Freescale Semiconductor Inc COM CLA 35687M107 11,456 454,800 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Great Atlantic & Pac Tea Inc COM 390064103 29,142 917,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Grey Wolf Inc COM 397888108 1,398 180,818 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- GTC Biotherapeutics Inc COM 36238T104 2,490 1,518,127 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- GTC Biotherapeutics Inc COM 36238T104 258 655,738 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Gtech Hldgs Corp COM 400518106 12,658 398,800 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Halliburton Co COM 406216101 18,588 300,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hanover Compressor Co COM 410768105 15,833 1,122,133 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hercules Tech Growth Cap Inc COM 427096508 947 78,965 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hewitt Assocs Inc COM 42822Q100 2,825 100,850 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hilton Hotels Corp COM 432848109 56,767 2,354,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hilton Hotels Corp COM 432848109 65 650,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Hilton Hotels Corp COM 432858109 0 7,500 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hilton Hotels Corp COM 432858109 15 300,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Horizon Lines Inc COM 44044K101 18,882 1,556,600 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hornbeck Offshore Svcs Inc N COM 440543106 3,022 92,421 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Hythiam Inc COM 44919F104 2,538 412,643 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Image Entmt Inc COM NEW 452439201 1,227 383,538 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Inco Ltd COM 453258402 14,605 335,200 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Independence Cmnty Bk Corp COM 453414104 46,810 1,178,192 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Insight Enterprises Inc COM 45765U103 2,956 150,736 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Integra Lifesciences Hldgs C COM NEW 457985208 2,620 73,900 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Intercontinentalexchange Inc COM 45865V100 2,210 60,806 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- International Business Machs COM 459200101 150 200,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Internet Cap Group Inc COM NEW 46059C205 2,048 249,097 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Interoil Corp COM 460951106 1,216 45,370 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Intralase Corp COM 461169104 2,531 141,950 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ishares TR Russell 2000 464287655 144,113 2,159,960 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ishares TR Rusl 2000 464287648 17,948 257,648 SH SOLE SOLE Grow --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Ishares TR Russell 2000 464287655 68 150,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ishares TR Russell 2000 464287655 98 150,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ishares TR Russell 2000 464287655 210 200,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Jarden Corp COM 471109108 4,180 138,643 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Jetblue Awys Corp COM 477143101 1,497 97,350 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Jos A Bank Clothiers Inc COM 480838101 4,047 93,237 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Kansas City Southern COM NEW 485170302 7,329 300,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Keryx Biopharmaceuticals Inc COM 492515101 1,311 89,559 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Kintera Inc COM 49720P506 732 246,423 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Kintera Inc COM 49720P506 408 600,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Linear Technology Corp COM 535678106 14,428 400,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Lionbridge Technologies Inc COM 536252109 4,895 697,318 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Lions Gate Entmnt Corp COM NEW 535919203 2,860 372,411 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Matria Healthcare Inc COM NEW 576817209 4,480 115,591 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Mattson Technology Inc COM 577223100 1,522 151,275 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- MBNA Corp COM 55262L100 136,684 5,034,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- McDonalds Corp COM 580135101 37,095 1,100,100 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- McDonalds Corp COM 580135101 100 500,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- McDonalds Corp COM 580135101 1,125 500,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- McMorRan Exploration Co COM 582411104 3,066 155,100 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Merge Technologies Inc COM 589981109 1,263 50,425 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Microsemi Corp COM 595137100 2,616 94,571 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Mikohn Gaming Corp COM 59862K108 1,173 118,843 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Motorola Inc COM 620076109 22,590 1,000,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Motorola Inc COM 620076109 60 200,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Motorola Inc COM 620076109 80 100,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- National Finl Partners Corp COM 63607P208 3,011 57,300 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Nautilus Inc COM 63910B102 2,823 151,275 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Netgear Inc COM 64111Q104 681 35,367 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Nextel Partners Inc CL A 65333F107 146,685 5,250,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Nextel Partners Inc COM 65333F107 15 150,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Northeast Utils COM 664397106 1,939 98,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Novamed Inc Del COM 66986W108 3,056 468,080 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- NTL Inc Del COM 62940M104 273 4,016 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Nuance Communications Inc COM 67020Y100 2,501 327,828 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Oil Svc Holdrs TR Depostry 678002106 73,751 572,600 SH SOLE SOLE Rcpt --------------------------------------------------------------------------------------------------------------------------------- Oil Svc Holdrs TR COM 678002106 512 160,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Oil Svc Holdrs TR COM 678002106 385 100,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Oil Svc Holdrs TR COM 678002106 394 375,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Oil Svc Holdrs TR COM 678002106 8 1,600 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Open Solutions Inc COM 68371P102 459 20,033 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Optimal Group Inc CL A NEW 68388R208 10,282 507,485 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Option Care Inc COM 683948103 1,776 132,954 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Orthovita Inc COM 68750U102 14,810 3,816,949 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Packaging Corp Amer COM 695156109 861 37,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Palm Inc New COM 696643105 50 100,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Parallel Pete Corp Del COM 699157103 4,680 275,128 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Pathmark Stores Inc New COM 70322A101 3,497 350,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Pep Boys Manny Moe & Jack COM 713278109 26,744 1,796,100 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Placer Dome Inc COM 725906101 16,970 740,100 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Platinum Underwriter Hldgs L COM G7127P100 1,554 50,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- PortalPlayer Inc COM 736187204 50 50,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- PortalPlayer Inc COM 736187204 143 50,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Precision Drilling TR TR UNIT 740215108 51,600 1,584,300 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Pride Intl Inc Del COM 74153Q102 27,930 908,300 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Qualcomm Inc COM 747525103 17,232 400,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Quest Software Inc COM 74834T103 4,377 300,000 SH SOLE SOLE -------------------------------------------------------------------------------------------------------------------------------- R H Donnelley Corp COM NEW 74955W307 21,844 354,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Rackable Sys Inc COM 750077109 1,813 63,662 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Renovis Inc COM 759885106 1,802 117,773 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ryerson Tull Inc New COM 78375P107 18,065 742,800 SH SOLE SOLE -------------------------------------------------------------------------------------------------------------------------------- Ryerson Tull Inc New COM 78375P107 463 2,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Saflink Corp COM NEW 786578302 277 350 000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Santarus Inc COM 802817304 2,564 467,829 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- School Specialty Inc COM 807863105 17,864 490,219 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Scientific Atlanta Inc COM 808655104 42,355 983,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Seagate Technology COM G7945J1040 4,998 250,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Shoe Pavilion Inc COM 824894109 51 6,564 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Shuffle Master Inc COM 825549108 1,594 63,391 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Silicon Laboratories Inc. COM 826919102 9,165 250,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Sirva Inc. COM 82967Y104 4,565 570,613 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Six Flags Inc COM 83001P109 26,105 3,385,900 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Six Flags Inc COM 83001P109 238 250,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Six Flags Inc COM 83001P109 2,438 750,000 SH CALL SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Sprint Nextel Corp COM FON 852061100 47,339 2,026,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Stealthgas Inc SHS Y81669106 1,764 140,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Sunair Services Corp COM 867017105 77 14,800 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Sunterra Corp COM NEW 86787D208 11,089 779,800 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Symantec Corp COM 871503108 43,750 2,500,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Tech Data Corp COM 878237106 1,984 50,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Telewest Global Inc COM 87956T107 53,278 2,236,700 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Time Warner Inc COM 887317105 29,566 1,695,300 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- TNS Inc COM 872960109 996 51,932 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Tronox Inc CL A 897051108 21,937 1,678,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- TRX Inc COM 898452107 2,313 295,397 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Ultimate Software Group Inc. COM 90385D107 2,995 157,059 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- United Panam Financial CP COM 911301109 2,609 100,850 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Universal Amern FINL Corp COM 913377107 1,944 128,898 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------- ---------- ---------- -------- ------------------ ---------- -------- ---------------------- SHRS OR PUT/ VOTING AUTHORITY TITLE VALUE PRN SH/ CAL INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) AMT PRN L DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Universal Compression Hldgs COM 913431102 39,327 956,400 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Valero Energy Corp New COM 91913Y100 18,318 355,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Valuevision Media Inc CL A 92047K107 5,686 451,290 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Veritas DGC Inc COM 92343P107 710 20,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Viacom Inc New CL B 92553P201 16,300 500,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Vical Inc. COM 925602104 3,714 884,310 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Visteon Corp COM 92839U107 1,252 200,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Vocus Inc COM 92858J108 1,314 126,062 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Wal Mart Stores Inc COM 931142103 6,435 137,500 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Wal Mart Stores Inc COM 931142103 500 250,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Western Digital Corp COM 958102105 9,305 500,000 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Western Gas Res Inc COM 958259103 19,759 419,600 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- WMS Inds Inc COM 929297109 2,871 114,422 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Workstream Inc COM 981402100 2,891 1,753,223 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- XM Satellite Radio Hldgs Inc CL A 983759101 13,640 499,993 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- XM Satellite Radio Hldgs Inc COM 983759101 381 250,000 SH PUT SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Youbet Com Inc COM 987413101 1,440 304,501 SH SOLE SOLE --------------------------------------------------------------------------------------------------------------------------------- Zoltek Cos Inc COM 98975W104 1,723 196,272 SH SOLE SOLE ---------------------------------------------------------------------------------------------------------------------------------