0001389610-12-000001.txt : 20120214 0001389610-12-000001.hdr.sgml : 20120214 20120214133744 ACCESSION NUMBER: 0001389610-12-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 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: 12607258 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 q4-13f_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: December 31, 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 February 14, 2012 ----------------- --------------------------- ------------ [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: 90 Form 13F Information Table Value Total: $567,963 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 --------------------------------------------------------------------------------------------------------------------------------- 99 CENTS ONLY STORES COM 65440K106 3,841 175,000 SH SOLE SOLE ANGLOGOLD ASHANTI HLDGS FIN MAND BD CV 03512Q206 88,602 1,856,312 SH SOLE SOLE Apple Inc COM 037833100 35,640 88,000 SH SOLE SOLE Aspen Insurance Holdings Ltd SHS G05384105 4,006 151,150 SH SOLE SOLE ASPEN INSURNACE HOLDINGS LTD PFD G05384113 1,060 19,700 SH SOLE SOLE ASSURED GUARANTY LTD COM G0585R106 4,160 316,500 SH SOLE SOLE BANCO SANTANDER SA ADR 05964H105 1,989 264,429 SH SOLE SOLE BANK MONTREAL QUE COM 063671101 922 16,800 SH SOLE SOLE Bank of America Corporation COM 060505104 8,935 1,606,920 SH SOLE SOLE BCE INC COM NEW 05534B760 325 7,800 SH SOLE SOLE BEAZER HOMES USA INC NT SUB 07556Q402 1,810 134,900 SH SOLE SOLE BLUE COAT SYSTEMS INC COM NEW 09534T508 5,090 200,000 SH SOLE SOLE BRISTOL MYERS SQUIBB CO COM 110122108 2,778 78,842 SH SOLE SOLE CDN IMPERIAL BK OF COMMERCE COM 136069101 1,174 16,200 SH SOLE SOLE Celestica Inc SHS 15101Q108 2,552 346,950 SH SOLE SOLE CENTRAL EUROPEAN MEDIA NOTE 153443AH9 6,610 10,450,000 SH SOLE SOLE Cheniere Energry Partners LP COM UNIT 16411Q101 156 8,700 SH SOLE SOLE CITIGROUP INC UNIT 172967416 1,515 18,650 SH SOLE SOLE Citigroup Inc COM 172967424 14,497 551,014 SH SOLE SOLE COMPLETE PRODUCTION SERVICES COM 20453E109 11,410 340,000 SH SOLE SOLE Constellation Energy Group I COM 210371100 8,923 225,000 SH SOLE SOLE EL PASO CORP COM 28336L109 18,599 700,000 SH SOLE SOLE FIBERTOWER CORP NOTE 31567RAC4 26 305,000 SH SOLE SOLE General Electric Co COM 369604103 367 20,500 SH SOLE SOLE Genworth Finl Inc COM CL A 37247D106 3,082 470,500 SH SOLE SOLE GOODRICH CORP COM 382388106 52,919 427,800 SH SOLE SOLE Goodyear Tire & Rubr Co PFD CONV 382550309 7,570 155,600 SH SOLE SOLE Google Inc COM 38259P508 1,197 1,853 SH SOLE SOLE Greenlight Capital Re Ltd CLASS A G4095J109 7,867 332,367 SH SOLE SOLE HOVNANIAN ENTERPRISES UNC UNIT 44248W208 77 10,000 SH SOLE SOLE Ingersoll-Rand PLC SHS G47791101 2,137 70,146 SH SOLE SOLE Iron Mtn Inc COM 462846106 678 22,000 SH SOLE SOLE JAGUAR MNG INC COM 47009M103 798 125,000 SH SOLE SOLE JOHNSON & JOHNSON COM 478160104 361 5,500 SH SOLE SOLE JPMorgan Chase & Co COM 46625H100 831 25,000 SH SOLE SOLE KEYCORP NEW PFD 493267405 338 3,200 SH SOLE SOLE Keycorp New COM 493267108 2,625 341,400 SH SOLE SOLE Liberty Media Corp New COM SER A 53071M104 5,270 325,000 SH SOLE SOLE LILLY ELI & CO COM 532457108 835 20,100 SH SOLE SOLE Louisiana Pac Corp COM 546347105 888 110,000 SH SOLE SOLE MANULIFE FINL CORP COM 56501R106 254 23,800 SH SOLE SOLE Marathon Oil Corp COM 565849106 15,045 514,000 SH SOLE SOLE Mattel Inc COM 577081102 9,064 326,500 SH SOLE SOLE MBIA INC COM 55262C100 3,755 324,000 SH SOLE SOLE MEDCO HEALTH SOLUTIONS INC COM 58405U102 3,186 57,000 SH SOLE SOLE MERCK & CO INC NEW COM 58933Y105 3,030 80,370 SH SOLE SOLE MGIC INVT CORP WIS COM 552848103 15,008 4,023,672 SH SOLE SOLE MICROSOFT CORP COM 594918104 797 30,700 SH SOLE SOLE Montpelier Re Holdings Ltd SHS G62185106 9,803 552,300 SH SOLE SOLE Motorola Mobility Hdlgs Inc COM 620097105 41,124 1,059,900 SH SOLE SOLE Netlogic Microsystems Inc COM 64118B100 10,915 220,200 SH SOLE SOLE NEW GOLD INC CDA COM 644535106 4,540 449,694 SH SOLE SOLE Old Rep Intl Corp COM 680223104 788 85,000 SH SOLE SOLE Pan American Silver Corp COM 697900108 1,247 57,000 SH SOLE SOLE Partnerre Ltd COM G6852T105 8,871 138,157 SH SOLE SOLE Pfizer Inc COM 717081103 7,985 369,000 SH SOLE SOLE PHARMASSET INC COM 71715N106 29,973 233,800 SH SOLE SOLE PITNEY BOWES INC COM 724479100 311 16,800 SH SOLE SOLE Platinum Underwriter Hldgs COM G7127P100 9,242 283,900 SH SOLE SOLE PLUM CREEK TIMBER CO INC COM 729251108 2,080 56,900 SH SOLE SOLE QLT Inc COM 746927102 2,749 381,800 SH SOLE SOLE Regions Financial Corp New COM 7591EP100 1,579 367,200 SH SOLE SOLE Rogers Communications Inc CL B 775109200 463 12,000 SH SOLE SOLE ROYAL NK SCOTLAND GROUP PLC ADR PREF T 780097713 10,178 797,032 SH SOLE SOLE RSC HOLDINGS INC COM 74972L102 3,700 200,000 SH SOLE SOLE S1 CORPORATION COM 78463B101 1,818 190,000 SH SOLE SOLE SANDISK CORP NOTE 80004CAC5 1,566 1,600,000 SH SOLE SOLE Sanofi RIGHT 80105N113 5 3,900 SH SOLE SOLE SEADRILL LIMITED SHS G7945E105 1,140 34,350 SH SOLE SOLE Seaspan Corp SHS Y75638109 156 11,400 SH SOLE SOLE Sonde Res Corp COM 835426107 1,048 402,823 SH SOLE SOLE SONOSITE INC NOTE 83568GAA2 3,525 2,400,000 SH SOLE SOLE Southern Un Co New COM 844030106 18,886 448,500 SH SOLE SOLE SPANISH BROADCASTING SYS INC CL A NEW 846425833 246 82,080 SH SOLE SOLE Student Trans Inc COM 86388A108 7,397 1,148,200 SH SOLE SOLE SUN LIFE FINL INC COM 866796105 223 12,000 SH SOLE SOLE Suntrust Bks Inc COM 867914103 892 50,400 SH SOLE SOLE Synovus Finl Corp COM 87161C105 254 180,000 SH SOLE SOLE SYNOVUS FINL CORP UNIT 87161C204 760 54,800 SH SOLE SOLE Telephone & Data Sys Inc SPL COM 879433860 1,838 77,200 SH SOLE SOLE TORONTO DOMINION BK ONT COM NEW 891160509 195 2,600 SH SOLE SOLE TRANSALTA CORP COM 89346D107 248 12,000 SH SOLE SOLE TRANSATLANTIC HLDGS INC COM 893521104 6,418 117,262 SH SOLE SOLE Valeant Pharmaceuticals COM 91911K102 3,945 84,288 SH SOLE SOLE VALIDUS HOLDINGS LTD COM SHS G9319H102 1,838 58,336 SH SOLE SOLE Wells Fargo& Co New COM 949746101 494 17,919 SH SOLE SOLE Weyerhaeuser Co COM 962166104 23 1,226 SH SOLE SOLE Whiting Pete Corp New Pfd Conv 966387201 660 3,000 SH SOLE SOLE XL Group PLC SHS G98290102 4,360 220,521 SH SOLE SOLE Zions Bancorporation COM 989701107 1,881 115,533 SH SOLE SOLE