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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 61,551 739,446 SH   DFND 1, 2 739,446 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 38,418 727,886 SH   DFND 1, 2 727,886 0 0
AMERICAN CAP LTD COM 02503Y103 129,602 8,762,784 SH   DFND 1, 2 8,762,784 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 55,373 1,010,640 SH   DFND 1, 2 1,010,640 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 14,775 1,500,000 SH   DFND 1, 2 1,500,000 0 0
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 044103505 1,254 47,135 SH   DFND 1, 2 47,135 0 0
BALL CORP COM 058498106 11,499 162,787 SH   DFND 1, 2 162,787 0 0
BANK AMER CORP COM 060505104 1,077 70,000 SH   DFND 1, 2 70,000 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 11,816 940,000 SH   DFND 1, 2 940,000 0 0
CDK GLOBAL INC COM 12508E101 11,924 255,000 SH   DFND 1, 2 255,000 0 0
CDW CORP COM 12514G108 89,756 2,410,211 SH   DFND 1, 2 2,410,211 0 0
CITIGROUP INC COM NEW 172967424 149,099 2,894,000 SH   DFND 1, 2 2,894,000 0 0
CITIZENS FINL GROUP INC COM 174610105 66,845 2,770,200 SH   DFND 1, 2 2,770,200 0 0
COMCAST CORP NEW CL A 20030N101 18,635 330,000 SH   DFND 1, 2 330,000 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 9,554 90,383 SH   DFND 1, 2 90,383 0 0
ENPRO INDS INC COM 29355X107 62,378 945,833 SH   DFND 1, 2 945,833 0 0
FEDEX CORP COM 31428X106 9,927 60,000 SH   DFND 1, 2 60,000 0 0
GENERAL MTRS CO COM 37045V100 67,262 1,793,647 SH   DFND 1, 2 1,793,647 0 0
GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 1,810 745,000 SH   DFND 1, 2 745,000 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109 6,788 78,625 SH   DFND 1, 2 78,625 0 0
HEWLETT PACKARD CO COM 428236103 779 25,000 SH   DFND 1, 2 25,000 0 0
INGRAM MICRO INC CL A 457153104 194,505 7,743,031 SH   DFND 1, 2 7,743,031 0 0
INTELSAT S A COM L5140P101 31,700 2,641,627 SH   DFND 1, 2 2,641,627 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 48,932 209,767 SH   DFND 1, 2 209,767 0 0
JETBLUE AIRWAYS CORP COM 477143101 43,024 2,235,000 SH   DFND 1, 2 2,235,000 0 0
KLX INC COM 482539103 24,486 635,332 SH   DFND 1, 2 635,332 0 0
MASONITE INTL CORP NEW COM 575385109 7,217 107,299 SH   DFND 1, 2 107,299 0 0
MASTERCARD INC CL A 57636Q104 56,614 655,326 SH   DFND 1, 2 655,326 0 0
MICRON TECHNOLOGY INC COM 595112103 146,567 5,402,384 SH   DFND 1, 2 5,402,384 0 0
MICRON TECHNOLOGY INC COM 595112103 27,130 1,000,000 SH Call DFND 1, 2 1,000,000 0 0
MICROSOFT CORP COM 594918104 1,829 45,000 SH   DFND 1, 2 45,000 0 0
NCR CORP NEW COM 62886E108 47,874 1,622,298 SH   DFND 1, 2 1,622,298 0 0
NETFLIX INC COM 64110L106 1,458 3,500 SH   DFND 1, 2 3,500 0 0
NEWS CORP NEW CL A 65249B109 36,983 2,310,000 SH   DFND 1, 2 2,310,000 0 0
NEWS CORP NEW CL B 65249B208 8,252 520,000 SH   DFND 1, 2 520,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 62,172 2,663,750 SH   DFND 1, 2 2,663,750 0 0
ORACLE CORP COM 68389X105 46,060 1,067,437 SH   DFND 1, 2 1,067,437 0 0
ORION ENGINEERED CARBONS S A COM L72967109 32,511 1,806,153 SH   DFND 1, 2 1,806,153 0 0
RCS CAP CORP COM CL A 74937W102 11,562 1,086,620 SH   DFND 1, 2 1,086,620 0 0
SEAWORLD ENTMT INC COM 81282V100 879 45,600 SH   DFND 1, 2 45,600 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 54,109 1,036,377 SH   DFND 1, 2 1,036,377 0 0
STARWOOD PPTY TR INC COM 85571B105 608 25,000 SH   DFND 1, 2 25,000 0 0
TESORO CORP COM 881609101 154,216 1,689,300 SH   DFND 1, 2 1,689,300 0 0
TIME WARNER CABLE INC COM 88732J207 20,234 135,000 SH   DFND 1, 2 135,000 0 0
TIVO INC COM 888706108 1,592 150,000 SH   DFND 1, 2 150,000 0 0
TRINSEO S A SHS L9340P101 34,166 1,725,540 SH   DFND 1, 2 1,725,540 0 0
TRIPLE-S MGMT CORP CL B 896749108 34,545 1,737,672 SH   DFND 1, 2 1,737,672 0 0