0001389610-11-000004.txt : 20111114 0001389610-11-000004.hdr.sgml : 20111111 20111114160322 ACCESSION NUMBER: 0001389610-11-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERTEX ONE ASSET MANAGEMENT INC. CENTRAL INDEX KEY: 0001389610 IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12402 FILM NUMBER: 111202340 BUSINESS ADDRESS: STREET 1: 1920-1177 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 BUSINESS PHONE: 604-681-5787 MAIL ADDRESS: STREET 1: 1920-1177 WEST HASTINGS STREET CITY: VANCOUVER STATE: A1 ZIP: V6E 2K3 13F-HR 1 q3-13f_2011.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: September 30, 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: Vertex One Asset Management Inc. Address: 1920-1177 West Hastings Street Vancouver, British Columbia V6E 2K3 Form 13F File Number: 028-12402 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: Jeffrey D. McCord Title: Managing Director Phone: 604-681-5787 Signature, Place, and Date of Signing: Jeffrey D. McCord Vancouver, British Columbia November 14, 2011 ----------------- --------------------------- ------------ [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).) List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 84 Form 13F Information Table Value Total: $506,006 USD (in thousands)

TITLE OF VALUE X PRN SH/ PUT/ INVST OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP ($1,000) AMT PUT CALL DISCR MNGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------------- Agnico Eagle Mines Ltd COM 008474108 27,356 455,000 SH SOLE SOLE Alexco Resource Corp COM 01535P106 1,177 171,800 SH SOLE SOLE Anglogold Ashanti Hldgs Fin MAND BD CV 03512Q206 91,148 1,861,312 SH SOLE SOLE Apple Inc COM 037833100 33,544 88,000 SH SOLE SOLE Aspen Insurance Holdings Ltd SHS G05384105 3,482 151,150 SH SOLE SOLE Aspen Insurance Holdings Ltd PFD G05384113 985 19,700 SH SOLE SOLE Banco Santander SA ADR 05964H105 2,157 268,223 SH SOLE SOLE Bank Montreal Que COM 063671101 946 16,800 SH SOLE SOLE Bank of America Corporation COM 060505104 654 106,920 SH SOLE SOLE BCE INC COM NEW 05534B760 860 22,800 SH SOLE SOLE Beazer Homes USA Inc NT SUB 07556Q402 1,296 134,900 SH SOLE SOLE Bristol Myers Squibb Co COM 110122108 2,474 78,842 SH SOLE SOLE CDN Imperial Bk of Commerce COM 136069101 1,141 16,200 SH SOLE SOLE Celestica Inc SUB VTG SH 15101Q108 2,534 310,950 SH SOLE SOLE Central European Media NOTE 153443AH9 2,087 2,950,000 SH SOLE SOLE Cheniere Energry Partners LP COM UNIT 16411Q101 305 22,500 SH SOLE SOLE Citigroup Inc UNIT 172967416 1,485 18,650 SH SOLE SOLE Citigroup Inc COM 172967424 1,307 51,014 SH SOLE SOLE Constellation Energy Group COM 210371100 4,758 125,000 SH SOLE SOLE Fibertower Corp NOTE 31567RAC4 757 1,305,000 SH SOLE SOLE General Electric Co COM 369604103 372 24,400 SH SOLE SOLE Genworth Finl Inc COM Cl A 37247D106 2,701 470,500 SH SOLE SOLE Goodrich Corp COM 382388106 27,081 224,400 SH SOLE SOLE Goodyear Tire & Rubr Co PFD CONV 382550309 6,061 155,600 SH SOLE SOLE Google Inc CL A 38259P508 10,212 19,853 SH SOLE SOLE Greenlight Capital Re Ltd CL A G4095J109 6,375 307,367 SH SOLE SOLE Hovnanian Enterprises Inc UNIT 44248W208 74 10,000 SH SOLE SOLE Ingersoll-Rand PLC SHS G47791101 3,263 116,146 SH SOLE SOLE Iron Mtn Inc COM 462846106 22,830 722,000 SH SOLE SOLE JPMorgan Chase & Co COM 46625H100 700 23,250 SH SOLE SOLE Keycorp New COM 493267108 2,025 341,400 SH SOLE SOLE Keycorp New PFD 493267405 325 3,200 SH SOLE SOLE Kinetic Concepts Inc COM NEW 49460W208 8,236 125,000 SH SOLE SOLE Level 3 Communications Inc COM 52729N100 1,220 818,800 SH SOLE SOLE Liberty Media Corp New COM SER A 53071M104 3,693 250,000 SH SOLE SOLE Lilly Eli Co COM 532457108 1,017 27,500 SH SOLE SOLE Louisiana Pac Corp COM 546347105 561 110,000 SH SOLE SOLE Manulife Finl Corp COM 56501R106 513 44,800 SH SOLE SOLE Marathon Oil Corp COM 565849106 11,092 514,000 SH SOLE SOLE Mattel Inc COM 577081102 8,453 326,500 SH SOLE SOLE Medco Health Solutions Inc COM 58405U102 2,345 50,000 SH SOLE SOLE Merck & Co Inc New COM 58933Y105 2,563 78,370 SH SOLE SOLE Metropolitan Health Networks COM 592142103 38 8,280 SH SOLE SOLE Microsoft Corp COM 594918104 976 39,200 SH SOLE SOLE Montpelier Re Holdings Ltd SHS G62185106 9,765 552,300 SH SOLE SOLE Motorola Mobility Hldgs Inc COM 620097105 77,982 2,064,100 SH SOLE SOLE Nalco Holding Company CL A 62985Q101 17,773 508,100 SH SOLE SOLE Netlogic Microsystems Inc COM 64118B100 11,917 247,700 SH SOLE SOLE Old Rep Intl Corp COM 680223104 758 85,000 SH SOLE SOLE Oncolytics Biotech Inc COM 682310107 457 130,000 SH SOLE SOLE Pan American Silver Corp COM 697900108 1,997 73,700 SH SOLE SOLE Partnerre Ltd COM G6852T105 7,221 138,157 SH SOLE SOLE Pfizer Inc COM 717081103 7,037 398,000 SH SOLE SOLE Pitney Bowes Inc COM 724479100 692 36,800 SH SOLE SOLE Platinum Underwriter Hldgs COM G7127P100 8,730 283,900 SH SOLE SOLE Plum Creek Timber Co Inc COM 729251108 2,149 61,900 SH SOLE SOLE Primero Mng Corp COM 74164W106 543 200,000 SH SOLE SOLE QLT Inc COM 746927102 2,798 381,800 SH SOLE SOLE Regions Financial Corp New COM 7591EP100 1,223 367,200 SH SOLE SOLE Revett Minerals Inc COM NEW 761505205 584 150,000 SH SOLE SOLE Rogers Communications Inc CL B 775109200 757 22,000 SH SOLE SOLE Royal Bk Scotland Group PLC SP ADR 780097713 611 50,680 SH SOLE SOLE San disk Corp NOTE 80004CAC5 2,042 2,100,000 SH SOLE SOLE Sanofi RIGHT 80105N113 4 3,900 SH SOLE SOLE Seadrill Limited SHS G7945E105 1,125 40,850 SH SOLE SOLE Seaspan Corp SHS Y75638109 486 42,400 SH SOLE SOLE Sonde Res Corp COM 835426107 1,148 496,423 SH SOLE SOLE Southern Un Co New COM 844030106 10,021 247,000 SH SOLE SOLE Student Trans Inc COM 86388A108 7,828 1,373,200 SH SOLE SOLE Sun Life Finl Inc COM 866796105 620 25,800 SH SOLE SOLE Suntrust Bks Inc COM 867914103 905 50,400 SH SOLE SOLE Synovus Finl Corp COM 87161C105 193 180,000 SH SOLE SOLE Synovus Finl Corp UNIT 87161C204 613 54,800 SH SOLE SOLE Tekelec COM 879101103 193 32,000 SH SOLE SOLE Telephone & Data Sys Inc SPL COM 879433860 2,910 147,200 SH SOLE SOLE Tellabs Inc COM 879664100 5,402 1,259,200 SH SOLE SOLE Valeant Pharmaceuticals Intl COM 91911K102 3,159 84,288 SH SOLE SOLE Validus Holdings Ltd COM SHS G9319H102 108 4,336 SH SOLE SOLE Wells Fargo & Co New Pfd Cnv A 949746804 6,058 5,864 SH SOLE SOLE Wells Fargo& Co New COM 949746101 432 17,919 SH SOLE SOLE Weyerhaeuser Co COM 962166104 19 1,226 SH SOLE SOLE Whiting Pete Corp New Pfd Conv 966387201 504 3,000 SH SOLE SOLE XL Group PLC SHS G98290102 4,437 236,021 SH SOLE SOLE Zions Bancorporation COM 989701107 1,626 115,533 SH SOLE SOLE