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
ADT CORP/THE Common Stock 00101J106 15,940 400,000 SH   DFND 01 02 400,000 0 0
ADVANCE AUTO PARTS INC Common Stock 00751Y106 17,046 210,000 SH   DFND 01 02 210,000 0 0
ALCOA INC AA 5 1/4 03/15/14 013817AT8 8,649 6,800,000 PRN   DFND 01 02 0 0 6,800,000
ALLIED NEVADA GOLD CORP Common Stock 019344100 12,960 2,000,000 SH   DFND 01 02 2,000,000 0 0
AMERICAN INTERNATIONAL GROUP Common Stock 026874784 5,671 2,650,000 SH Call DFND 01 02 0 0 0
ARCELORMITTAL MTNA 6 MTUS L0302D178 3,068 160,000 PRN   DFND 01 02 0 0 160,000
ASHLAND INC Common Stock 044209104 225,450 2,700,000 SH   DFND 01 02 2,700,000 0 0
ASSURED GUARANTY LTD Common Stock G0585R106 808 500,000 SH Call DFND 01 02 0 0 0
ASSURED GUARANTY LTD Common Stock G0585R106 54,157 2,455,000 SH   DFND 01 02 2,455,000 0 0
BABCOCK & WILCOX CO/THE Common Stock 05615F102 20,270 675,000 SH   DFND 01 02 675,000 0 0
BP PLC-SPONS ADR Depositary Receipt 055622104 261 250,000 SH Call DFND 01 02 0 0 0
BP PLC-SPONS ADR Depositary Receipt 055622104 1,915 3,450,000 SH Call DFND 01 02 0 0 0
BP PLC-SPONS ADR Depositary Receipt 055622104 775 1,000,000 SH Call DFND 01 02 0 0 0
BP PLC-SPONS ADR Depositary Receipt 055622104 329,746 7,900,000 SH   DFND 01 02 7,900,000 0 0
BP PLC-SPONS ADR Depositary Receipt 055622104 316 800,000 SH Call DFND 01 02 0 0 0
BROCADE COMMUNICATIONS SYS Common Stock 111621306 20,448 3,550,000 SH   DFND 01 02 3,550,000 0 0
CALPINE CORP Common Stock 131347304 672 1,074,700 SH Call DFND 01 02 0 0 0
CAPITAL BANK FINANCIAL-CL A Common Stock 139794101 12,154 640,000 SH   DFND 01 02 640,000 0 0
CATAMARAN CORP Common Stock 148887102 17,052 350,000 SH   DFND 01 02 350,000 0 0
CF INDUSTRIES HOLDINGS INC Common Stock 125269100 33,443 195,000 SH   DFND 01 02 195,000 0 0
CIT GROUP INC Common Stock 125581801 49,195 1,055,000 SH   DFND 01 02 1,055,000 0 0
CON-WAY INC Common Stock 205944101 17,532 450,000 SH   DFND 01 02 450,000 0 0
COVIDIEN PLC Common Stock G2554F113 3,142 50,000 SH   DFND 01 02 50,000 0 0
CSX CORP Common Stock 126408103 4,638 200,000 SH   DFND 01 02 200,000 0 0
DEAN FOODS CO Common Stock 242370104 15,531 1,550,000 SH   DFND 01 02 1,550,000 0 0
DELTA AIR LINES INC Common Stock 247361702 9,355 500,000 SH   DFND 01 02 500,000 0 0
DINEEQUITY INC Common Stock 254423106 25,826 375,000 SH   DFND 01 02 375,000 0 0
EMC CORP/MA Common Stock 268648102 19,487 825,000 SH   DFND 01 02 825,000 0 0
FAMILY DOLLAR STORES Common Stock 307000109 31,155 500,000 SH   DFND 01 02 500,000 0 0
FANNIE MAE FNMA 313586109 35 25,000 SH   DFND 01 02 25,000 0 0
FOSSIL GROUP INC Common Stock 34988V106 10,331 100,000 SH   DFND 01 02 100,000 0 0
GENERAL MOTORS CO Common Stock 37045V100 347,590 10,435,000 SH   DFND 01 02 10,435,000 0 0
GENERAL MOTORS CO Common Stock 37045V100 8,100 2,000,000 SH Call DFND 01 02 0 0 0
GENERAL MOTORS-CW16 Warrant 37045V118 10,778 449,089 SH   DFND 01 02 449,089 0 0
GENERAL MOTORS-CW19 Warrant 37045V126 12,248 749,089 SH   DFND 01 02 749,089 0 0
HD SUPPLY HOLDINGS INC Common Stock 40416M105 6,107 325,000 SH   DFND 01 02 325,000 0 0
HESS CORP Common Stock 42809H107 186,172 2,800,000 SH   DFND 01 02 2,800,000 0 0
ISHARES US REAL ESTATE ETF Mutual Fund 464287739 302 400,000 SH Call DFND 01 02 0 0 0
KEARNY FINANCIAL CORP Common Stock 487169104 9,441 900,000 SH   DFND 01 02 900,000 0 0
KINDER MORGAN INC-CW17 KMI/WS 49456B119 17,797 3,475,995 SH   DFND 01 02 3,475,995 0 0
LIBERTY GLOBAL PLC-A Common Stock G5480U104 11,112 150,000 SH   DFND 01 02 150,000 0 0
LIBERTY GLOBAL PLC-SERIES C Common Stock G5480U120 32,248 475,000 SH   DFND 01 02 475,000 0 0
LIFE TECHNOLOGIES CORP Common Stock 53217V109 55,508 750,000 SH   DFND 01 02 750,000 0 0
MALLINCKRODT PLC - W/I Common Stock IE00BBGT3 6,815 150,000 SH   DFND 01 02 150,000 0 0
MCGRAW HILL FINANCIAL INC Common Stock 580645109 5,319 100,000 SH   DFND 01 02 100,000 0 0
MF GLOBAL HOLDINGS LTD Common Stock 55277J108 19 750,000 SH   DFND 01 02 750,000 0 0
MFA FINANCIAL INC REIT 55272X102 15,210 1,800,000 SH   DFND 01 02 1,800,000 0 0
MICROSOFT CORP Common Stock 594918104 2,174 1,150,000 SH Call DFND 01 02 0 0 0
MICROSOFT CORP Common Stock 594918104 39,710 1,150,000 SH   DFND 01 02 1,150,000 0 0
MONDELEZ INTERNATIONAL INC-A Common Stock 609207105 17,118 600,000 SH   DFND 01 02 600,000 0 0
MONSTER BEVERAGE CORP Common Stock 611740101 24,332 400,000 SH   DFND 01 02 400,000 0 0
MOTORS LIQUIDATION CO GUC TR Unit 62010U101 3,807 124,021 SH   DFND 01 02 124,021 0 0
NATIONAL BANK HOLD-CL A Common Stock 633707104 37,923 1,925,000 SH   DFND 01 02 1,925,000 0 0
NEW ORIENTAL EDUCATIO-SP ADR Depositary Receipt 647581107 11,075 500,000 SH   DFND 01 02 500,000 0 0
NOBLE CORP Common Stock H5833N103 111,237 2,960,000 SH   DFND 01 02 2,960,000 0 0
NVIDIA CORP Common Stock 67066G104 19,642 1,400,000 SH   DFND 01 02 1,400,000 0 0
NYSE EURONEXT Common Stock 629491101 107,640 2,600,000 SH   DFND 01 02 2,600,000 0 0
PENN NATIONAL GAMING INC Common Stock 707569109 67,132 1,270,000 SH   DFND 01 02 1,270,000 0 0
PFIZER INC Common Stock 717081103 0 45,000 SH Call DFND 01 02 0 0 0
PROGENICS PHARMACEUTICALS Common Stock 743187106 3,505 785,982 SH   DFND 01 02 785,982 0 0
SANOFI CVR Right 80105N113 5,790 3,000,000 SH   DFND 01 02 3,000,000 0 0
SPDR GOLD SHARES Mutual Fund 78463V107 3,259 150,000 SH Put DFND 01 02 0 0 150,000
SPDR GOLD SHARES Mutual Fund 78463V107 2,763 250,000 SH Put DFND 01 02 0 0 250,000
SPDR GOLD SHARES Mutual Fund 78463V107 4,175 200,000 SH Put DFND 01 02 0 0 200,000
SPDR GOLD SHARES Mutual Fund 78463V107 5,765 200,000 SH Put DFND 01 02 0 0 200,000
SPDR S&P 500 ETF TRUST Mutual Fund 78462F103 237 200,000 SH Put DFND 01 02 0 0 200,000
SPDR S&P 500 ETF TRUST Mutual Fund 78462F103 3,236 900,000 SH Put DFND 01 02 0 0 900,000
SPDR S&P 500 ETF TRUST Mutual Fund 78462F103 1,613 1,500,000 SH Put DFND 01 02 0 0 1,500,000
SPDR S&P 500 ETF TRUST Mutual Fund 78462F103 2,472 1,200,000 SH Put DFND 01 02 0 0 1,200,000
STARWOOD PROPERTY TRUST INC REIT 85571B105 33,289 1,345,000 SH   DFND 01 02 1,345,000 0 0
THERMO FISHER SCIENTIFIC INC Common Stock 883556102 31,736 375,000 SH   DFND 01 02 375,000 0 0
TIM HORTONS INC Common Stock 88706M103 37,906 700,000 SH   DFND 01 02 700,000 0 0
T-MOBILE US INC Common Stock 872590104 9,304 375,000 SH   DFND 01 02 375,000 0 0
TRIBUNE CO/NEW Common Stock 896047503 129,915 2,283,224 SH   DFND 01 02 2,283,224 0 0
TRIBUNE CO/NEW-CW13 TRBNW 896047115 71,933 1,264,198 SH   DFND 01 02 1,264,198 0 0
UNITED CONTINENTAL HOLDINGS Common Stock 910047109 9,387 300,000 SH   DFND 01 02 300,000 0 0
UNITED STATES STEEL CORP Common Stock 912909108 167 100,000 SH Put DFND 01 02 0 0 100,000
UNITED STATES STEEL CORP Common Stock 912909108 386 300,000 SH Put DFND 01 02 0 0 300,000
US AIRWAYS GROUP INC Common Stock 90341W108 272 800,000 SH Call DFND 01 02 0 0 0
US AIRWAYS GROUP INC Common Stock 90341W108 1,200 1,000,000 SH Call DFND 01 02 0 0 0
WHITEWAVE FOODS CO-CL B Common Stock 966244204 30,400 2,000,000 SH   DFND 01 02 2,000,000 0 0
WPX ENERGY INC Common Stock 98212B103 242,432 12,800,000 SH   DFND 01 02 12,800,000 0 0
ZOETIS INC Common Stock 98978V103 24 954,000 SH Call DFND 01 02 0 0 0