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
AK STL CORP NOTE 5.000%11/1 001546AP5 1,476 1,000,000 PRN   SOLE   1,000,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 3,271 65,000 SH   SOLE   65,000 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 10,372 10,314,000 PRN   SOLE   10,314,000 0 0
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 13,944 13,320,000 PRN   SOLE   13,320,000 0 0
AVIS BUDGET GROUP COM 053774105 1,364 50,000 SH   SOLE   50,000 0 0
BROADSOFT INC NOTE 1.500% 7/0 11133BAB8 7,028 6,000,000 PRN   SOLE   6,000,000 0 0
BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 15,523 15,591,000 PRN   SOLE   15,591,000 0 0
CIT GROUP INC COM NEW 125581801 1,948 40,000 SH   SOLE   40,000 0 0
CANADIAN SOLAR INC NOTE 4.250% 2/1 136635AE9 7,531 7,660,000 PRN   SOLE   7,660,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 13,186 11,000,000 PRN   SOLE   11,000,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,550 513,000 SH   SOLE   513,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 743 74,572 SH   SOLE   74,572 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 2,466 2,500,000 PRN   SOLE   2,500,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,201 100,000 SH   SOLE   100,000 0 0
GNC HLDGS INC COM CL A 36191G107 2,401 284,827 SH   SOLE   284,827 0 0
GNC HLDGS INC NOTE 1.500% 8/1 36191GAB3 8,945 13,351,000 PRN   SOLE   13,351,000 0 0
GENERAL MTRS CO COM 37045V100 1,215 34,787 SH   SOLE   34,787 0 0
HERBALIFE LTD NOTE 2.000% 8/1 42703MAB9 39,117 37,500,000 PRN   SOLE   37,500,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 805 70,000 SH   SOLE   70,000 0 0
ICONIX BRAND GROUP INC COM 451055107 301 43,500 SH   SOLE   43,500 0 0
ICONIX BRAND GROUP INC NOTE 1.500% 3/1 451055AF4 23,178 23,818,000 PRN   SOLE   23,818,000 0 0
INVENSENSE INC NOTE 1.750%11/0 46123DAB2 7,026 7,000,000 PRN   SOLE   7,000,000 0 0
MERITAGE HOMES CORP NOTE 1.875% 9/1 59001AAR3 16,756 16,529,000 PRN   SOLE   16,529,000 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 17,508 17,475,000 PRN   SOLE   17,475,000 0 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 13,694 14,000,000 PRN   SOLE   14,000,000 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 871 50,000 SH   SOLE   50,000 0 0
PENNEY J C INC COM 708160106 12,173 2,617,935 SH   SOLE   2,617,935 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.750% 3/1 74348TAL6 6,631 6,438,000 PRN   SOLE   6,438,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 7,122 6,865,000 PRN   SOLE   6,865,000 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 14,269 15,000,000 PRN   SOLE   15,000,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 574 1,510,000 SH   SOLE   1,510,000 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 15,839 15,829,000 PRN   SOLE   15,829,000 0 0
SYNCHRONOSS TECHNOLOGIES INC NOTE 0.750% 8/1 87157BAA1 3,264 3,500,000 PRN   SOLE   3,500,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 2,117 109,472 SH   SOLE   109,472 0 0
TESLA MTRS INC NOTE 0.250% 3/0 88160RAB7 30,343 26,500,000 PRN   SOLE   26,500,000 0 0
TOLL BROTHERS INC COM 889478103 395 10,000 SH   SOLE   10,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 8,544 9,000,000 PRN   SOLE   9,000,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 433 25,000 SH   SOLE   25,000 0 0
WEB COM GROUP INC NOTE 1.000% 8/1 94733AAA2 8,307 8,250,000 PRN   SOLE   8,250,000 0 0
WHITING PETE CORP NEW COM 966387102 788 143,000 SH   SOLE   143,000 0 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 14,110 14,500,000 PRN   SOLE   14,500,000 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 2,051 530,000 SH   SOLE   530,000 0 0
SEADRILL LIMITED SHS G7945E105 485 1,344,000 SH   SOLE   1,344,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,440 175,000 SH   SOLE   175,000 0 0
AVON PRODS INC COM 054303102 1,849 486,600 SH Call SOLE   486,600 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 626 36,000 SH Call SOLE   36,000 0 0
GNC HLDGS INC COM CL A 36191G107 791 93,800 SH Call SOLE   93,800 0 0
NAVISTAR INTL CORP NEW COM 63934E108 876 33,400 SH Call SOLE   33,400 0 0
TECK RESOURCES LTD CL B 878742204 650 37,500 SH Call SOLE   37,500 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,806 220,000 SH Call SOLE   220,000 0 0
VALE S A ADR 91912E105 3,728 426,000 SH Call SOLE   426,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 219 10,000 SH Call SOLE   10,000 0 0
HERBALIFE LTD COM USD SHS G4412G101 6,448 90,400 SH Call SOLE   90,400 0 0
NABORS INDUSTRIES LTD SHS G6359F103 1,628 200,000 SH Call SOLE   200,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 3,292 400,000 SH Call SOLE   400,000 0 0
ADOBE SYS INC COM 00724F101 20,862 147,500 SH Put SOLE   147,500 0 0
ALLY FINL INC COM 02005N100 40,659 1,945,400 SH Put SOLE   1,945,400 0 0
AMAZON COM INC COM 023135106 16,940 17,500 SH Put SOLE   17,500 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 193,450 3,844,400 SH Put SOLE   3,844,400 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 7,015 449,700 SH Put SOLE   449,700 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 10,865 478,005 SH Put SOLE   478,005 0 0
AUTODESK INC COM 052769106 9,074 90,000 SH Put SOLE   90,000 0 0
BROOKDALE SR LIVING INC COM 112463104 22,487 1,528,700 SH Put SOLE   1,528,700 0 0
CIT GROUP INC COM NEW 125581801 85,381 1,753,200 SH Put SOLE   1,753,200 0 0
CANADIAN SOLAR INC COM 136635109 12,699 797,700 SH Put SOLE   797,700 0 0
CATERPILLAR INC DEL COM 149123101 2,869 26,700 SH Put SOLE   26,700 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 31,605 3,355,128 SH Put SOLE   3,355,128 0 0
CENTURYLINK INC COM 156700106 19,978 836,600 SH Put SOLE   836,600 0 0
CHESAPEAKE ENERGY CORP COM 165167107 6,314 1,270,400 SH Put SOLE   1,270,400 0 0
CLIFFS NAT RES INC COM 18683K101 16,031 2,316,600 SH Put SOLE   2,316,600 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 100 10,000 SH Put SOLE   10,000 0 0
CONSTELLATION BRANDS INC CL A 21036P108 8,389 43,300 SH Put SOLE   43,300 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 4,358 81,100 SH Put SOLE   81,100 0 0
FACEBOOK INC CL A 30303M102 30,740 203,600 SH Put SOLE   203,600 0 0
FREEPORT-MCMORAN INC CL B 35671D857 59,875 4,985,400 SH Put SOLE   4,985,400 0 0
GNC HLDGS INC COM CL A 36191G107 17,293 2,051,400 SH Put SOLE   2,051,400 0 0
GAMESTOP CORP NEW CL A 36467W109 9,215 426,400 SH Put SOLE   426,400 0 0
GENERAL MTRS CO COM 37045V100 32,852 940,500 SH Put SOLE   940,500 0 0
IAC INTERACTIVECORP COM 44919P508 76,759 743,500 SH Put SOLE   743,500 0 0
ICONIX BRAND GROUP INC COM 451055107 30,749 4,449,900 SH Put SOLE   4,449,900 0 0
JABIL CIRCUIT INC COM 466313103 309 10,600 SH Put SOLE   10,600 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 957 46,000 SH Put SOLE   46,000 0 0
KB HOME COM 48666K109 17,352 723,900 SH Put SOLE   723,900 0 0
KROGER CO COM 501044101 700 30,000 SH Put SOLE   30,000 0 0
LENNAR CORP CL A 526057104 1,685 31,600 SH Put SOLE   31,600 0 0
MERITAGE HOMES CORP COM 59001A102 12,660 300,000 SH Put SOLE   300,000 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 4,204 235,000 SH Put SOLE   235,000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 134,303 5,120,200 SH Put SOLE   5,120,200 0 0
NAVIENT CORP COM 63938C108 17,000 1,021,000 SH Put SOLE   1,021,000 0 0
NIKE INC CL B 654106103 5,900 100,000 SH Put SOLE   100,000 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 27,724 1,592,400 SH Put SOLE   1,592,400 0 0
OCWEN FINL CORP COM NEW 675746309 398 148,000 SH Put SOLE   148,000 0 0
PALO ALTO NETWORKS INC COM 697435105 5,687 42,500 SH Put SOLE   42,500 0 0
PENNEY J C INC COM 708160106 23,095 4,966,700 SH Put SOLE   4,966,700 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,430 304,100 SH Put SOLE   304,100 0 0
PIONEER NAT RES CO COM 723787107 4,787 30,000 SH Put SOLE   30,000 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 30,413 3,745,500 SH Put SOLE   3,745,500 0 0
RH COM 74967X103 112,000 1,735,900 SH Put SOLE   1,735,900 0 0
SALESFORCE COM INC COM 79466L302 4,711 54,400 SH Put SOLE   54,400 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 2,610 100,000 SH Put SOLE   100,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 8,970 463,800 SH Put SOLE   463,800 0 0
TESLA MTRS INC COM 88160R101 331,741 917,401 SH Put SOLE   917,401 0 0
TWITTER INC COM 90184L102 5,897 330,000 SH Put SOLE   330,000 0 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 8,534 29,700 SH Put SOLE   29,700 0 0
UNITED CONTL HLDGS INC COM 910047109 76,830 1,021,000 SH Put SOLE   1,021,000 0 0
UNITED STATES STL CORP NEW COM 912909108 26,216 1,184,100 SH Put SOLE   1,184,100 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 11,472 663,100 SH Put SOLE   663,100 0 0
VEREIT INC COM 92339V100 28,958 3,557,500 SH Put SOLE   3,557,500 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 44,078 1,318,900 SH Put SOLE   1,318,900 0 0
WHITING PETE CORP NEW COM 966387102 397 72,000 SH Put SOLE   72,000 0 0
WORKDAY INC CL A 98138H101 4,520 46,600 SH Put SOLE   46,600 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 7,347 335,500 SH Put SOLE   335,500 0 0
HERBALIFE LTD COM USD SHS G4412G101 73,213 1,026,400 SH Put SOLE   1,026,400 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 39 10,000 SH Put SOLE   10,000 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 21,123 471,400 SH Put SOLE   471,400 0 0
SEADRILL LIMITED SHS G7945E105 485 1,344,000 SH Put SOLE   1,344,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 17,865 2,170,700 SH Put SOLE   2,170,700 0 0
AERCAP HOLDINGS NV SHS N00985106 31,006 667,800 SH Put SOLE   667,800 0 0
YANDEX N V SHS CLASS A N97284108 41,123 1,567,200 SH Put SOLE   1,567,200 0 0