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 DEVICES INC COM 007903107 1,620 675,000 SH   DFND 1, 2 675,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 60,834 739,446 SH   DFND 1, 2 739,446 0 0
ALLERGAN PLC SHS G0177J108 33,118 109,133 SH   DFND 1, 2 109,133 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 29,068 727,886 SH   DFND 1, 2 727,886 0 0
AMERICAN CAP LTD COM 02503Y103 118,736 8,762,784 SH   DFND 1, 2 8,762,784 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 78,242 1,265,640 SH   DFND 1, 2 1,265,640 0 0
APPLIED MATLS INC COM 038222105 2,210 115,000 SH   DFND 1, 2 115,000 0 0
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 044103505 1,241 47,135 SH   DFND 1, 2 47,135 0 0
BABCOCK & WILCOX CO NEW COM 05615F102 20,429 622,829 SH   DFND 1, 2 622,829 0 0
BALL CORP COM 058498106 32,142 458,187 SH   DFND 1, 2 458,187 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 10,509 940,000 SH   DFND 1, 2 940,000 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 5,705 138,310 SH   DFND 1, 2 138,310 0 0
CDK GLOBAL INC COM 12508E101 13,765 255,000 SH   DFND 1, 2 255,000 0 0
CDW CORP COM 12514G108 88,450 2,580,211 SH   DFND 1, 2 2,580,211 0 0
CITIGROUP INC COM NEW 172967424 142,906 2,587,000 SH   DFND 1, 2 2,587,000 0 0
CITIZENS FINL GROUP INC COM 174610105 76,064 2,785,200 SH   DFND 1, 2 2,785,200 0 0
COMCAST CORP NEW CL A 20030N101 104,358 1,735,249 SH   DFND 1, 2 1,735,249 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 9,893 90,383 SH   DFND 1, 2 90,383 0 0
ENPRO INDS INC COM 29355X107 23,452 409,858 SH   DFND 1, 2 409,858 0 0
FEDEX CORP COM 31428X106 85,558 502,100 SH   DFND 1, 2 502,100 0 0
GENERAL MTRS CO COM 37045V100 53,616 1,608,647 SH   DFND 1, 2 1,608,647 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109 23,945 263,625 SH   DFND 1, 2 263,625 0 0
HCA HOLDINGS INC COM 40412C101 100,185 1,104,330 SH   DFND 1, 2 1,104,330 0 0
HEWLETT PACKARD CO COM 428236103 2,251 75,000 SH   DFND 1, 2 75,000 0 0
INGRAM MICRO INC CL A 457153104 170,721 6,820,637 SH   DFND 1, 2 6,820,637 0 0
INTELSAT S A COM L5140P101 18,619 1,876,866 SH   DFND 1, 2 1,876,866 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 62,671 280,267 SH   DFND 1, 2 280,267 0 0
JETBLUE AIRWAYS CORP COM 477143101 46,399 2,235,000 SH   DFND 1, 2 2,235,000 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 16,817 184,400 SH   DFND 1, 2 184,400 0 0
KLX INC COM 482539103 28,037 635,332 SH   DFND 1, 2 635,332 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 1,648 125,000 SH   DFND 1, 2 125,000 0 0
MASTERCARD INC CL A 57636Q104 96,080 1,027,812 SH   DFND 1, 2 1,027,812 0 0
MICRON TECHNOLOGY INC COM 595112103 56,565 3,002,384 SH   DFND 1, 2 3,002,384 0 0
NCR CORP NEW COM 62886E108 30,320 1,007,298 SH   DFND 1, 2 1,007,298 0 0
NEWS CORP NEW CL A 65249B109 33,703 2,310,000 SH   DFND 1, 2 2,310,000 0 0
NEWS CORP NEW CL B 65249B208 8,099 568,738 SH   DFND 1, 2 568,738 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 64,507 3,488,750 SH   DFND 1, 2 3,488,750 0 0
ORACLE CORP COM 68389X105 67,028 1,663,237 SH   DFND 1, 2 1,663,237 0 0
ORION ENGINEERED CARBONS S A COM L72967109 32,726 1,772,779 SH   DFND 1, 2 1,772,779 0 0
ROCK-TENN CO CL A 772739207 75,551 1,255,000 SH   DFND 1, 2 1,255,000 0 0
SANDISK CORP COM 80004C101 3,493 60,000 SH   DFND 1, 2 60,000 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 57,115 1,036,377 SH   DFND 1, 2 1,036,377 0 0
TESORO CORP COM 881609101 99,545 1,179,300 SH   DFND 1, 2 1,179,300 0 0
TIME WARNER CABLE INC COM 88732J207 202,555 1,136,866 SH   DFND 1, 2 1,136,866 0 0
TIME WARNER CABLE INC COM 88732J207 17,817 100,000 SH Call DFND 1, 2 100,000 0 0
TRINSEO S A SHS L9340P101 44,123 1,643,940 SH   DFND 1, 2 1,643,940 0 0
TRIPLE-S MGMT CORP CL B 896749108 20,110 783,709 SH   DFND 1, 2 783,709 0 0
UNION PAC CORP COM 907818108 35,869 376,100 SH   DFND 1, 2 376,100 0 0
WAL-MART STORES INC COM 931142103 10,769 151,820 SH   DFND 1, 2 151,820 0 0