The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABIOMED INC COM 003654100 10,782 434,233 SH   DFND 1,2 0 434,233 0
ACCURAY INC COM 004397105 11,326 1,560,000 SH   DFND 1,2 0 1,560,000 0
ACTAVIS PLC SHS G0083B108 19,302 80,000 SH   DFND 1,2 0 80,000 0
AFFILIATED MANAGERS GROUP COM 008252108 1,469 7,333 SH   DFND 1,2 0 7,333 0
ALBANY MOLECULAR RESH INC COM 012423109 8,828 400,000 SH   DFND 1,2 0 400,000 0
ALLERGAN INC COM 018490102 21,090 118,357 SH   DFND 1,2 0 118,357 0
AMEDISYS INC COM 023436108 6,617 328,072 SH   DFND 1,2 0 328,072 0
AMERICAN ASSETS TR INC COM 024013104 1,327 40,253 SH   DFND 1,2 0 40,253 0
ANADARKO PETE CORP COM 032511107 21,798 214,881 SH   DFND 1,2 0 214,881 0
APACHE CORP COM 037411105 11,262 119,972 SH   DFND 1,2 0 119,972 0
ASTORIA FINL CORP COM 046265104 3,368 271,830 SH   DFND 1,2 0 271,830 0
AVALONBAY CMNTYS INC COM 053484101 2,380 16,880 SH   DFND 1,2 0 16,880 0
BAKER HUGHES INC COM 057224107 20,494 315,001 SH   DFND 1,2 0 315,001 0
BANK AMER CORP COM 060505104 934 54,751 SH   DFND 1,2 0 54,751 0
BLOOMIN BRANDS INC COM 094235108 3,596 196,064 SH   DFND 1,2 0 196,064 0
BONANZA CREEK ENERGY INC COM 097793103 3,411 59,955 SH   DFND 1,2 0 59,955 0
C&J ENERGY SVCS INC COM 12467B304 0 1 SH   DFND 1,2 0 1 0
CAPITAL ONE FINL CORP COM 14040H105 2,743 33,604 SH   DFND 1,2 0 33,604 0
CARNIVAL CORP PAIRED CTF 143658300 1,113 27,711 SH   DFND 1,2 0 27,711 0
CBRE GROUP INC CL A 12504L109 1,161 39,041 SH   DFND 1,2 0 39,041 0
CELGENE CORP COM 151020104 12,544 132,353 SH   DFND 1,2 0 132,353 0
CEPHEID COM 15670R107 8,942 203,083 SH   DFND 1,2 0 203,083 0
CERNER CORP COM 156782104 1,953 32,792 SH   DFND 1,2 0 32,792 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,023 35,100 SH   DFND 1,2 0 35,100 0
CIMAREX ENERGY CO COM 171798101 2,814 22,241 SH   DFND 1,2 0 22,241 0
CITIGROUP INC COM NEW 172967424 771 14,883 SH   DFND 1,2 0 14,883 0
CITY NATL CORP COM 178566105 2,130 28,150 SH   DFND 1,2 0 28,150 0
CONOCOPHILLIPS COM 20825C104 50 650 SH   DFND 1,2 0 650 0
COOPER COS INC COM NEW 216648402 15,309 98,295 SH   DFND 1,2 0 98,295 0
CORESITE RLTY CORP COM 21870Q105 1,152 35,048 SH   DFND 1,2 0 35,048 0
COVIDIEN PLC SHS G2554F113 10,120 116,979 SH   DFND 1,2 0 116,979 0
CVS HEALTH CORP COM 126650100 107 1,346 SH   DFND 1,2 0 1,346 0
D R HORTON INC COM 23331A109 5,341 260,290 SH   DFND 1,2 0 260,290 0
DAVITA HEALTHCARE PARTNERS I COM 23918K108 17,409 238,022 SH   DFND 1,2 0 238,022 0
DCT INDUSTRIAL TRUST INC COM 233153105 1,152 153,400 SH   DFND 1,2 0 153,400 0
DDR CORP COM 23317H102 3,840 229,498 SH   DFND 1,2 0 229,498 0
DEL FRISCOS RESTAURANT GROUP COM 245077102 530 27,710 SH   DFND 1,2 0 27,710 0
DENBURY RES INC COM NEW 247916208 15,030 1,000,000 SH Call DFND 1,2 0 0 1,000,000
DEVON ENERGY CORP NEW COM 25179M103 15,603 228,854 SH   DFND 1,2 0 228,854 0
DUKE REALTY CORP COM NEW 264411505 2,051 119,357 SH   DFND 1,2 0 119,357 0
E TRADE FINANCIAL CORP COM NEW 269246401 151 6,706 SH   DFND 1,2 0 6,706 0
EBAY INC COM 278642103 1,393 24,591 SH   DFND 1,2 0 24,591 0
EHEALTH INC COM 28238P109 6,170 255,700 SH   DFND 1,2 0 255,700 0
EPR PPTYS COM SH BEN INT 26884U109 823 16,237 SH   DFND 1,2 0 16,237 0
EQT CORP COM 26884L109 9,990 109,127 SH   DFND 1,2 0 109,127 0
EQUITY COMWLTH COM SH BEN INT 294628102 3,639 141,556 SH   DFND 1,2 0 141,556 0
EQUITY ONE COM 294752100 1,920 88,784 SH   DFND 1,2 0 88,784 0
EXACT SCIENCES CORP COM 30063P105 5,814 300,000 SH Call DFND 1,2 0 0 300,000
EXPRESS SCRIPTS HLDG CO COM 30219G108 21,189 300,000 SH Put DFND 1,2 0 0 300,000
FIFTH THIRD BANCORP COM 316773100 6,058 302,614 SH   DFND 1,2 0 302,614 0
FIRST HORIZON NATL CORP COM 320517105 891 72,527 SH   DFND 1,2 0 72,527 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 3,693 218,399 SH   DFND 1,2 0 218,399 0
FIRST NIAGARA FINL GP INC COM 33582V108 3,907 469,069 SH   DFND 1,2 0 469,069 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 3,607 214,347 SH   DFND 1,2 0 214,347 0
FOREST CITY ENTERPRISES INC CL A 345550107 797 40,749 SH   DFND 1,2 0 40,749 0
FULTON FINL CORP PA COM 360271100 4,681 422,473 SH   DFND 1,2 0 422,473 0
GALLAGHER ARTHUR J & CO COM 363576109 237 5,224 SH   DFND 1,2 0 5,224 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 989 42,003 SH   DFND 1,2 0 42,003 0
GENERAL MTRS CO COM 37045V100 3,194 100,000 SH Call DFND 1,2 0 0 100,000
HALLIBURTON CO COM 406216101 9,145 141,768 SH   DFND 1,2 0 141,768 0
HANCOCK HLDG CO COM 410120109 6,323 197,281 SH   DFND 1,2 0 197,281 0
HCA HOLDINGS INC COM 40412C101 11,355 161,020 SH   DFND 1,2 0 161,020 0
HEALTHCARE RLTY TR COM 421946104 1,754 74,069 SH   DFND 1,2 0 74,069 0
HELMERICH & PAYNE INC COM 423452101 6,222 63,576 SH   DFND 1,2 0 63,576 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 1,787 280,503 SH   DFND 1,2 0 280,503 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 2,674 105,299 SH   DFND 1,2 0 105,299 0
HESS CORP COM 42809H107 10,782 114,310 SH   DFND 1,2 0 114,310 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 4,497 182,570 SH   DFND 1,2 0 182,570 0
HUDSON PAC PPTYS INC COM 444097109 226 9,168 SH   DFND 1,2 0 9,168 0
HUMANA INC COM 444859102 5,427 41,657 SH   DFND 1,2 0 41,657 0
HUNTINGTON BANCSHARES INC COM 446150104 3,906 401,426 SH   DFND 1,2 0 401,426 0
ILLUMINA INC COM 452327109 30,363 185,231 SH   DFND 1,2 0 185,231 0
JACK IN THE BOX INC COM 466367109 1,184 17,362 SH   DFND 1,2 0 17,362 0
KEYCORP NEW COM 493267108 4,685 351,433 SH   DFND 1,2 0 351,433 0
KILROY RLTY CORP COM 49427F108 1,280 21,538 SH   DFND 1,2 0 21,538 0
KOHLS CORP COM 500255104 150 2,458 SH   DFND 1,2 0 2,458 0
LAS VEGAS SANDS CORP COM 517834107 2,205 35,440 SH   DFND 1,2 0 35,440 0
LOWES COS INC COM 548661107 1,515 28,620 SH   DFND 1,2 0 28,620 0
M/I HOMES INC COM 55305B101 2,045 103,185 SH   DFND 1,2 0 103,185 0
MARATHON OIL CORP COM 565849106 19,194 510,605 SH   DFND 1,2 0 510,605 0
MCDONALDS CORP COM 580135101 6,233 65,745 SH   DFND 1,2 0 65,745 0
MGIC INVT CORP WIS COM 552848103 2,331 298,402 SH   DFND 1,2 0 298,402 0
MOLINA HEALTHCARE INC COM 60855R100 12,780 302,121 SH   DFND 1,2 0 302,121 0
NATIONAL OILWELL VARCO INC COM 637071101 6,149 80,806 SH   DFND 1,2 0 80,806 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,996 55,417 SH   DFND 1,2 0 55,417 0
OMNICARE INC COM 681904108 15,301 245,760 SH   DFND 1,2 0 245,760 0
PANERA BREAD CO CL A 69840W108 1,667 10,247 SH   DFND 1,2 0 10,247 0
PAPA JOHNS INTL INC COM 698813102 233 5,822 SH   DFND 1,2 0 5,822 0
PARKWAY PPTYS INC COM 70159Q104 2,508 133,551 SH   DFND 1,2 0 133,551 0
PATTERSON UTI ENERGY INC COM 703481101 8,219 252,664 SH   DFND 1,2 0 252,664 0
PRIVATEBANCORP INC COM 742962103 5,187 173,405 SH   DFND 1,2 0 173,405 0
PROSPERITY BANCSHARES INC COM 743606105 4,841 84,684 SH   DFND 1,2 0 84,684 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 17,146 307,380 SH   DFND 1,2 0 307,380 0
RADIAN GROUP INC COM 750236101 2,452 171,939 SH   DFND 1,2 0 171,939 0
RADIOSHACK CORP COM 750438103 2,350 2,373,600 SH Put DFND 1,2 0 0 2,373,600
RCS CAP CORP COM CL A 74937W102 3,591 159,442 SH   DFND 1,2 0 159,442 0
REGIONS FINL CORP NEW COM 7591EP100 462 46,002 SH   DFND 1,2 0 46,002 0
RETAIL PPTYS AMER INC CL A 76131V202 391 26,737 SH   DFND 1,2 0 26,737 0
REXFORD INDL RLTY INC COM 76169C100 647 46,724 SH   DFND 1,2 0 46,724 0
RICE ENERGY INC COM 762760106 7,400 278,192 SH   DFND 1,2 0 278,192 0
RPC INC COM 749660106 1,931 87,942 SH   DFND 1,2 0 87,942 0
RYLAND GROUP INC COM 783764103 3,354 100,892 SH   DFND 1,2 0 100,892 0
SABRA HEALTH CARE REIT INC COM 78573L106 4,256 175,011 SH   DFND 1,2 0 175,011 0
SELECT MED HLDGS CORP COM 81619Q105 4,245 352,853 SH   DFND 1,2 0 352,853 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 10,630 200,000 SH Call DFND 1,2 0 0 200,000
SIGNATURE BK NEW YORK N Y COM 82669G104 3,381 30,172 SH   DFND 1,2 0 30,172 0
SL GREEN RLTY CORP COM 78440X101 1,344 13,264 SH   DFND 1,2 0 13,264 0
SM ENERGY CO COM 78454L100 1,687 21,624 SH   DFND 1,2 0 21,624 0
SOVRAN SELF STORAGE INC COM 84610H108 2,648 35,611 SH   DFND 1,2 0 35,611 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 108,361 550,000 SH Put DFND 1,2 0 0 550,000
SPIRIT RLTY CAP INC NEW COM 84860W102 1,422 129,600 SH   DFND 1,2 0 129,600 0
ST JUDE MED INC COM 790849103 24,395 405,700 SH   DFND 1,2 0 405,700 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 6,111 73,437 SH   DFND 1,2 0 73,437 0
SUMMIT HOTEL PPTYS COM 866082100 3,641 337,793 SH   DFND 1,2 0 337,793 0
SUNTRUST BKS INC COM 867914103 1,776 46,697 SH   DFND 1,2 0 46,697 0
SYNOVUS FINL CORP COM NEW 87161C501 3,856 163,131 SH   DFND 1,2 0 163,131 0
TALMER BANCORP INC COM 87482X101 251 18,115 SH   DFND 1,2 0 18,115 0
TD AMERITRADE HLDG CORP COM 87236Y108 6,662 199,628 SH   DFND 1,2 0 199,628 0
TEXAS ROADHOUSE INC COM 882681109 1,092 39,229 SH   DFND 1,2 0 39,229 0
THORATEC CORP COM NEW 885175307 7,909 295,900 SH   DFND 1,2 0 295,900 0
TJX COS INC NEW COM 872540109 1,039 17,563 SH   DFND 1,2 0 17,563 0
TOLL BROTHERS INC COM 889478103 1,461 46,898 SH   DFND 1,2 0 46,898 0
TORNIER N V SHS N87237108 6,453 270,000 SH   DFND 1,2 0 270,000 0
TRANSOCEAN PARTNERS LLC COM UNIT RP LT Y8977Y100 16,180 618,024 SH   DFND 1,2 0 618,024 0
TRUPANION INC COM 898202106 2,890 340,000 SH   DFND 1,2 0 340,000 0
UMPQUA HLDGS CORP COM 904214103 4,698 285,256 SH   DFND 1,2 0 285,256 0
UNITEDHEALTH GROUP INC COM 91324P102 10,501 121,749 SH   DFND 1,2 0 121,749 0
W P CAREY INC COM 92936U109 179 2,808 SH   DFND 1,2 0 2,808 0
WEBSTER FINL CORP CONN COM 947890109 5,478 187,980 SH   DFND 1,2 0 187,980 0
WESTERN ALLIANCE BANCORP COM 957638109 2,300 96,238 SH   DFND 1,2 0 96,238 0
WESTERN REFNG INC COM 959319104 5,192 123,649 SH   DFND 1,2 0 123,649 0
WHITING PETE CORP NEW COM 966387102 5,504 70,978 SH   DFND 1,2 0 70,978 0
WPX ENERGY INC COM 98212B103 11,045 459,042 SH   DFND 1,2 0 459,042 0
ZIONS BANCORPORATION COM 989701107 3,004 103,361 SH   DFND 1,2 0 103,361 0