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
ADVANCED MICRO DEV COM 007903107 210 50,000 SH   SOLE   50,000 0 0
ALCATEL-LUCENT COM 013904305 650 182,500 SH   SOLE   182,500 0 0
ALLY FINL INC COM 02005N100 1,315 55,000 SH   SOLE   55,000 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 445 19,000 SH   SOLE   19,000 0 0
AMERICAN RESIDENTIAL PPTY COM 02927E303 501 26,700 SH   SOLE   26,700 0 0
APOLLO INVT CORP COM 03761U106 938 109,000 SH   SOLE   109,000 0 0
APPLE INC COM 037833100 2,700 29,050 SH   SOLE   29,050 0 0
ARCH COAL INC COM 039380100 336 92,100 SH   SOLE   92,100 0 0
AVON PRODS COM 054303102 10 700 SH   SOLE   700 0 0
BANCO SANTANDER S.A. COM 05964H105 731 70,161 SH   SOLE   70,161 0 0
BANK OF AMERICA COM 060505104 965 62,800 SH   SOLE   62,800 0 0
BANK OF AMERICA COM 060505146 430 62,679 SH   SOLE   62,679 0 0
BARCLAYS BK PLC COM 06742E711 2,860 100,000 SH   SOLE   100,000 0 0
BLACK BOX CORP DEL COM 091826107 152 6,500 SH   SOLE   6,500 0 0
BROOKS AUTOMATION COM 114340102 97 9,000 SH   SOLE   9,000 0 0
CIT GROUP COM 125581801 1,149 25,100 SH   SOLE   25,100 0 0
CHEGG INC COM 163092109 340 48,300 SH   SOLE   48,300 0 0
CISCO SYS COM 17275R102 219 8,800 SH   SOLE   8,800 0 0
CITIGROUP COM 172967424 1,823 38,700 SH   SOLE   38,700 0 0
CLIFFS NAT RES INC COM 18683K408 93 6,500 SH   SOLE   6,500 0 0
COLONY FINL INC CONV BD 3.875 19624RAB2 103 100,000 PRN   SOLE   100,000 0 0
DIREXION DAILY S&P 500 BEAR 3X S&P BEAR 3X 25459Y371 1,103 42,500 SH   SOLE   42,500 0 0
DIREXION BEAR MIDCAP 3X MCAP BEAR 3X 25459Y421 914 66,000 SH   SOLE   66,000 0 0
DIREXION DAILY FINL BEAR 3X SH FINL BEAR 3X 25459Y447 1,774 100,000 SH   SOLE   100,000 0 0
E M C CORP MASS COM 268648102 234 8,900 SH   SOLE   8,900 0 0
EBAY INC COM 278642103 1,001 20,000 SH   SOLE   20,000 0 0
FIFTH STREET FINANCE CORP COM 31678A103 472 48,000 SH   SOLE   48,000 0 0
FORD MOTOR COM 345370860 741 43,000 SH   SOLE   43,000 0 0
FUSION-IO INC COM 36112J107 480 42,500 SH   SOLE   42,500 0 0
GSV CAP CORP COM 36191J101 402 38,000 SH   SOLE   38,000 0 0
GENERAL ELECTRIC COM 369604103 397 15,100 SH   SOLE   15,100 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,088 6,500 SH   SOLE   6,500 0 0
GOLDMAN SACHS PFD 6.2 38144X500 10 400 SH   SOLE   400 0 0
HARSCO CORP COM 415864107 133 5,000 SH   SOLE   5,000 0 0
JPMORGAN CHASE & CO COM 46634E114 164 8,500 SH   SOLE   8,500 0 0
JAKKS PAC INC COM 47012E106 76 9,800 SH   SOLE   9,800 0 0
MASIMO CORP COM 574795100 455 19,300 SH   SOLE   19,300 0 0
MEDALLION FINL CORP COM 583928106 56 4,500 SH   SOLE   4,500 0 0
MEDICAL PROPERTIES COM 58463J304 936 70,700 SH   SOLE   70,700 0 0
MORGAN STANLEY COM 617446448 931 28,800 SH   SOLE   28,800 0 0
NEWMONT MINING COM 651639106 1,221 48,000 SH   SOLE   48,000 0 0
OCH ZIFF CAP MGMT GROUP COM 67551U105 885 64,000 SH   SOLE   64,000 0 0
OCWEN FINL CORP COM 675746309 1,202 32,400 SH   SOLE   32,400 0 0
PROVINCE OF ONTARIO CONV BD 3.15 68323AAC8 266 250,000 PRN   SOLE   250,000 0 0
PACIFIC COAST OIL TR COM 694103102 901 69,000 SH   SOLE   69,000 0 0
PEABODY ENERGY CORP COM 704549104 196 12,000 SH   SOLE   12,000 0 0
PENNEY J C INC COM 708160106 1,157 127,800 SH   SOLE   127,800 0 0
PETROLEO BRASILEIRO SA PE COM 71654V408 435 29,700 SH   SOLE   29,700 0 0
POTASH CORP SASK INC COM 73755L107 740 19,500 SH   SOLE   19,500 0 0
PROSHR ULTRASHORT TR 20+TRS ULTSH 20 YRS 74347B201 3,643 60,000 SH   SOLE   60,000 0 0
PROSHRS 500 UTLRSHRT ULTSH S&P 74347B300 664 26,100 SH   SOLE   26,100 0 0
PROSPECT CAPITAL CORP COM 74348T102 106 10,000 SH   SOLE   10,000 0 0
RACKSPACE HOSTING INC COM 750086100 438 13,000 SH   SOLE   13,000 0 0
RAYONIER INC COM 754907103 587 16,500 SH   SOLE   16,500 0 0
RAYONIER ADVANCED MATLS I COM 75508B104 213 5,493 SH   SOLE   5,493 0 0
REPUBLIC SVCS INC COM 760759100 125 3,300 SH   SOLE   3,300 0 0
ST JOE CO COM 790148100 178 7,000 SH   SOLE   7,000 0 0
SANTANDER CONSUMER USA HD COM 80283M101 1,816 93,400 SH   SOLE   93,400 0 0
SILICON GRAPHICS INTL COR COM 82706L108 385 40,000 SH   SOLE   40,000 0 0
TARGET CORP COM 87612E106 156 2,700 SH   SOLE   2,700 0 0
TETRA TECH INC NEW COM 88162G103 176 6,400 SH   SOLE   6,400 0 0
TWITTER INC COM 90184L102 615 15,000 SH   SOLE   15,000 0 0
II VI INC COM 902104108 309 21,400 SH   SOLE   21,400 0 0
VANTIV INC COM 92210H105 296 8,800 SH   SOLE   8,800 0 0
WALTER ENERGY INC COM 93317Q105 665 122,000 SH   SOLE   122,000 0 0
WALTER INVT MGMT CORP COM 93317W102 783 26,300 SH   SOLE   26,300 0 0
WASTE MGMT INC COM 94106L109 398 8,900 SH   SOLE   8,900 0 0
WORLD WRESTLING ENTMT INC COM 98156Q108 406 34,000 SH   SOLE   34,000 0 0