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
ADVANCE AUTO PARTS INC COM 00751Y106 41,340 500,000 SH   DFND 01 02 500,000 0 0
AEROPOSTALE COM 007865108 6,580 700,000 SH   DFND 01 02 700,000 0 0
ALCOA INC NOTE 5.250% 3/1 013817AT8 8,766 6,800,000 PRN   DFND 01 02 0 0 6,800,000
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 3,450 160,000 PRN   DFND 01 02 0 0 160,000
ASHLAND INC NEW COM 044209104 249,696 2,700,000 SH   DFND 01 02 2,700,000 0 0
ASSURED GUARANTY LTD COM G0585R106 41,531 2,215,000 SH   DFND 01 02 2,215,000 0 0
ASSURED GUARANTY LTD COM G0585R106 411 1,100,000 SH Call DFND 01 02 0 0 0
BABCOCK & WILCOX CO NEW COM 05615F102 22,761 675,000 SH   DFND 01 02 675,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 1,380 100,000 SH   DFND 01 02 100,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 465 1,000,000 SH Put DFND 01 02 1,000,000 0 0
BOEING CO COM 097023105 14,688 125,000 SH   DFND 01 02 125,000 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 25,760 3,200,000 SH   DFND 01 02 3,200,000 0 0
CALPINE CORP COM NEW 131347304 107 1,074,700 SH Call DFND 01 02 0 0 0
CAPITAL BK FINL CORP CL A COM 139794101 6,772 308,500 SH   DFND 01 02 308,500 0 0
CF INDS HLDGS INC COM 125269100 41,112 195,000 SH   DFND 01 02 195,000 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 8,484 150,000 SH   DFND 01 02 150,000 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 450 250,000 SH Call DFND 01 02 0 0 0
CIT GROUP INC COM NEW 125581801 11,705 240,000 SH   DFND 01 02 240,000 0 0
CIT GROUP INC COM NEW 125581801 246 300,000 SH Call DFND 01 02 0 0 0
CON-WAY INC COM 205944101 18,313 425,000 SH   DFND 01 02 425,000 0 0
DARDEN RESTAURANTS INC COM 237194105 12,859 277,800 SH   DFND 01 02 277,800 0 0
DEAN FOODS CO NEW COM NEW 242370203 13,510 700,000 SH   DFND 01 02 700,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 359 200,000 SH Call DFND 01 02 0 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 3,539 150,000 SH   DFND 01 02 150,000 0 0
DINEEQUITY INC COM 254423106 37,950 550,000 SH   DFND 01 02 550,000 0 0
E M C CORP MASS COM 268648102 21,087 825,000 SH   DFND 01 02 825,000 0 0
FORTINET INC COM 34959E109 5,065 250,000 SH   DFND 01 02 250,000 0 0
FOSSIL GROUP INC COM 34988V106 11,624 100,000 SH   DFND 01 02 100,000 0 0
GENERAL ELECTRIC CO COM 369604103 9,556 400,000 SH   DFND 01 02 400,000 0 0
GENERAL MTRS CO COM 37045V100 427,503 11,885,000 SH   DFND 01 02 11,885,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 11,865 449,089 SH   DFND 01 02 449,089 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 13,933 749,089 SH   DFND 01 02 749,089 0 0
HD SUPPLY HLDGS INC COM 40416M105 21,970 1,000,000 SH   DFND 01 02 1,000,000 0 0
JPMORGAN CHASE & CO COM 46625H100 78 500,000 SH Call DFND 01 02 0 0 0
KEARNY FINL CORP COM 487169104 5,110 500,000 SH   DFND 01 02 500,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 5,951 75,000 SH   DFND 01 02 75,000 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 35,829 475,000 SH   DFND 01 02 475,000 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 56,123 750,000 SH   DFND 01 02 750,000 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 16,534 375,000 SH   DFND 01 02 375,000 0 0
MBIA INC COM 55262C100 11 200,000 SH Call DFND 01 02 0 0 0
MFA FINL INC COM 55272X102 25,330 3,400,000 SH   DFND 01 02 3,400,000 0 0
MICRON TECHNOLOGY INC COM 595112103 52,410 3,000,000 SH   DFND 01 02 3,000,000 0 0
MICROSOFT CORP COM 594918104 1,828 2,150,000 SH Call DFND 01 02 0 0 0
MICROSOFT CORP COM 594918104 41,638 1,250,000 SH   DFND 01 02 1,250,000 0 0
MONDELEZ INTL INC CL A 609207105 3,142 100,000 SH   DFND 01 02 100,000 0 0
MONSTER BEVERAGE CORP COM 611740101 20,900 400,000 SH   DFND 01 02 400,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 36,066 1,755,875 SH   DFND 01 02 1,755,875 0 0
NATIONAL OILWELL VARCO INC COM 637071101 31,244 400,000 SH   DFND 01 02 400,000 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 118,976 3,150,000 SH   DFND 01 02 3,150,000 0 0
NVIDIA CORP COM 67066G104 18,672 1,200,000 SH   DFND 01 02 1,200,000 0 0
NYSE EURONEXT COM 629491101 109,148 2,600,000 SH   DFND 01 02 2,600,000 0 0
ONYX PHARMACEUTICALS INC COM 683399109 24,934 200,000 SH   DFND 01 02 200,000 0 0
OWENS CORNING NEW COM 690742101 9,495 250,000 SH   DFND 01 02 250,000 0 0
PENN NATL GAMING INC COM 707569109 53,976 975,000 SH   DFND 01 02 975,000 0 0
PROGENICS PHARMACEUTICALS IN COM 743187106 3,953 785,982 SH   DFND 01 02 785,982 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 570 2,860,000 SH Call DFND 01 02 0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,108 1,100,000 SH Put DFND 01 02 0 0 1,100,000
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 11,514 475,000 SH   DFND 01 02 475,000 0 0
STARWOOD PPTY TR INC COM 85571B105 33,182 1,384,300 SH   DFND 01 02 1,384,300 0 0
THE ADT CORPORATION COM 00101J106 28,462 700,000 SH   DFND 01 02 700,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 34,556 375,000 SH   DFND 01 02 375,000 0 0
TIM HORTONS INC COM 88706M103 34,203 590,000 SH   DFND 01 02 590,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 23,570 1,000,000 SH   DFND 01 02 1,000,000 0 0
U S AIRWAYS GROUP INC COM 90341W108 2,055 1,000,000 SH Call DFND 01 02 0 0 0
UNITED CONTL HLDGS INC COM 910047109 9,213 300,000 SH   DFND 01 02 300,000 0 0
UNITED STATES STL CORP NEW COM 912909108 129 400,000 SH Put DFND 01 02 0 0 400,000
WPX ENERGY INC COM 98212B103 246,528 12,800,000 SH   DFND 01 02 12,800,000 0 0