0001193125-11-140703.txt : 20110516
0001193125-11-140703.hdr.sgml : 20110516
20110516103051
ACCESSION NUMBER: 0001193125-11-140703
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110516
DATE AS OF CHANGE: 20110516
EFFECTIVENESS DATE: 20110516
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hudson Bay Capital Management, L.P.
CENTRAL INDEX KEY: 0001393825
IRS NUMBER: 371511173
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-12909
FILM NUMBER: 11844051
BUSINESS ADDRESS:
STREET 1: 120 BROADWAY, 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10271
BUSINESS PHONE: 212-571-1244
MAIL ADDRESS:
STREET 1: 120 BROADWAY, 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10271
13F-HR
1
d13fhr.txt
FORM 13F
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Hudson Bay Capital Management LP
Address: 120 Broadway, 40th Floor
New York, New York 10271
Form 13F File Number: 028-12909
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: Charles Winkler
Title: Chief Operating Officer
Phone: (212) 571-1244
Signature, Place, and Date of Signing:
/s/ Charles Winkler New York, NY 5/16/11
----------------------- ------------------- ---------
[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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 159
Form 13F Information Table Value Total: $1,423,027
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
ABINGTON BANCORP INC COM 00350L109 3,819 312,271 SH SOLE 312,271
AIRTRAN HLDGS INC COM 00949P108 13,844 1,858,267 SH SOLE 1,858,267
ALBERTO CULVER CO NEW COM 013078100 18,696 501,629 SH SOLE 501,629
ALIGN TECHNOLOGY INC COM 016255901 1,433 70,000 SH CALL SOLE 70,000
ALPHA NATURAL RESOURCES INC COM 02076X102 5,989 100,878 SH SOLE 100,878
ALPHA NATURAL RESOURCES INC COM 02076X902 1,187 20,000 SH CALL SOLE 20,000
ALTAIR NANOTECHNOLOGIES INC COM 021373204 1,197 757,337 SH SOLE 757,337
AMERICA SVC GROUP INC COM 02364L109 8,766 341,882 SH SOLE 341,882
AMERICAN INTL GROUP INC W EXP 01/19/202
ADDED 026874156 577 51,807 SH SOLE 51,807
AMERICAN MED SYS HLDGS INC COM 02744M108 1,504 69,500 SH SOLE 69,500
AMERICAN MED SYS HLDGS INC NOTE 3.250% 7/0 02744MAA6 14,509 12,500,000 PRN SOLE 12,500,000
ATHEROS COMMUNICATIONS INC COM 04743P108 29,523 661,202 SH SOLE 661,202
AUSTRALIA ACQUISITION CORP SHS G06368107 362 37,600 SH SOLE 37,600
BANK OF AMERICA CORPORATION COM 060505104 7,017 526,434 SH SOLE 526,434
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 MANAGERS SOLE SHARED NONE
------------------------------- --------------- --------- -------- --------- --- ---- ---------- -------- ---------- ------ ----
BANK OF AMERICA CORPORATION W EXP 01/16/201 060505146 3,605 470,031 SH SOLE 470,031
BANK OF AMERICA CORPORATION COM 60505954 10,182 763,900 SH PUT SOLE 763,900
BANK OF AMERICA CORPORATION COM 060505904 2,340 175,600 SH CALL SOLE 175,600
BAXTER INTL INC COM 071813109 3,033 56,400 SH SOLE 56,400
BEACON POWER CORP COM 073677205 448 228,790 SH SOLE 228,790
BEAZER HOMES USA INC UNIT 99/99/9999 07556Q501 4,724 225,600 SH SOLE 225,600
BECKMAN COULTER INC COM 075811109 11,839 142,521 SH SOLE 142,521
BECKMAN COULTER INC COM 075811909 9,968 120,000 SH CALL SOLE 120,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 33,330 266 SH SOLE 266
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 297 3,549 SH SOLE 3,549
BIG LOTS INC COM 089302103 7,489 172,435 SH SOLE 172,435
BIG LOTS INC COM 089302903 3,318 76,400 SH CALL SOLE 76,400
BIODELIVERY SCIENCES INTL IN COM 09060J106 335 100,000 SH SOLE 100,000
BIOSANTE PHARMACEUTICALS INC COM 09065V203 4,392 2,217,939 SH SOLE 2,217,939
BJS WHOLESALE CLUB INC COM 05548J956 2,123 43,500 SH PUT SOLE 43,500
BOISE INC W EXP 06/18/201 09746Y113 1,823 1,072,425 SH SOLE 1,072,425
BUCYRUS INTL INC NEW COM 118759109 23,542 257,434 SH SOLE 257,434
CAPITAL ONE FINL CORP W EXP 11/14/201 14040H139 1,711 79,198 SH SOLE 79,198
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
CATALYST PHARM PARTNERS INC COM 14888U101 775 692,043 SH SOLE 692,043
CBOE HLDGS INC COM 12503M108 869 30,000 SH SOLE 30,000
CELL GENESYS INC NOTE 3.125% 5/0
ADDED 150921AC8 1,136 1,545,000 PRN SOLE 1,545,000
CELL THERAPEUTICS INC COM 150934503 107 28,800 SH PUT SOLE 28,800
CEPHALON INC COM 156708109 21,370 282,000 SH SOLE 282,000
CEPHALON INC COM 172967901 12,751 167,600 SH CALL SOLE 167,600
CEREPLAST INC COM NEW 156732307 782 150,000 SH SOLE 150,000
CITIGROUP INC COM 172967101 902 204,183 SH SOLE 204,183
CITIGROUP INC COM 172967951 1,309 296,200 SH PUT SOLE 296,200
CITIGROUP INC COM 172967901 271 61,400 SH CALL SOLE 61,400
CLEAN ENERGY FUELS CORP COM 184499951 321 19,600 SH PUT SOLE 19,600
CMS ENERGY CORP NOTE 2.875%12/0 125896AW0 64,901 42,649,000 PRN SOLE 42,649,000
CNA SURETY CORP COM 12612L108 19,265 762,671 SH SOLE 762,671
COMERICA INC W EXP 11/14/201 200340115 386 30,485 SH SOLE 30,485
COMPUTER SCIENCES CORP COM 205363904 8,771 180,000 SH CALL SOLE 180,000
CONEXANT SYSTEMS INC COM NEW 207142308 1,228 515,967 SH SOLE 515,967
CORNERSTONE PROGRESSIVE RTN COM 21925C101 106 14,400 SH SOLE 14,400
CYTORI THERAPEUTICS INC W EXP 09/13/201 23283K113 603 108,326 SH SOLE 108,326
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 MANAGERS SOLE SHARED NONE
------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---------- ------ ----
DANVERS BANCORP INC COM 236442109 877 40,955 SH SOLE 40,955
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 3,194 3,000,000 PRN SOLE 3,000,000
DIONEX CORP COM 254546104 7,314 61,959 SH SOLE 61,959
DRUGSTORE COM INC COM 262241102 9,045 2,349,367 SH SOLE 2,349,367
EDWARDS LIFESCIENCES CORP COM 28176E958 1,740 20,000 SH PUT SOLE 20,000
EMERGENCY MEDICAL SVCS CORP COM 29100P102 28,207 443,570 SH SOLE 443,570
EMERGENCY MEDICAL SVCS CORP COM 29100P902 2,931 46,100 SH CALL SOLE 46,100
EPICEPT CORP COM NEW 294264304 4,918 6,831,213 SH SOLE 6,954,924
EXCO RESOURCES INC COM 269279402 11,833 572,767 SH SOLE 572,767
FEDERAL MOGUL CORP COM 313549404 1,160 46,600 SH SOLE 46,600
FRONTEER GOLD INC COM 359032109 6,503 429,700 SH SOLE 429,700
GAMESTOP CORP NEW COM 36467W109 1,576 70,000 SH SOLE 70,000
GENZYME CORP COM 372917104 40,542 532,400 SH SOLE 532,400
GENZYME CORP COM 372917954 1,545 20,300 SH PUT SOLE 20,300
GENZYME CORP COM 372917904 21,414 281,200 SH CALL SOLE 281,200
GLOBAL DEFENSE TECH SYS INC COM 37950B107 11,611 479,396 SH SOLE 479,396
GSI COMMERCE INC COM 36238G102 9,659 330,000 SH SOLE 330,000
GSI COMMERCE INC COM 36238G902 629 21,500 SH CALL SOLE 21,500
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
HARTFORD FINL SVCS GROUP INC W EXP 06/26/201 416515120 16,385 893,378 SH SOLE 893,378
HARTFORD FINL SVCS GROUP INC COM 416515904 670 24,900 SH CALL SOLE 24,900
HECKMANN CORP W EXP 11/09/201 422680116 92 96,930 SH SOLE 96,930
HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 2,018 1,000,000 PRN SOLE 1,000,000
HOLOGIC INC COM 436440101 1,585 71,400 SH SOLE 71,400
HYPERCOM CORP COM 44913M105 17,722 1,473,148 SH SOLE 1,473,148
INTERNATIONAL COAL GRP INC COM 45928H906 4,181 370,000 SH CALL SOLE 370,000
INTERNATIONAL COAL GRP INC N COM 45928H106 8,240 729,204 SH SOLE 729,204
IRIDIUM COMMUNICATIONS INC COM 46269C902 95 12,000 SH CALL SOLE 12,000
IRON MTN INC COM 462846106 4,819 154,300 SH SOLE 154,300
ISORAY INC COM 46489V104 818 654,384 SH SOLE 654,384
J CREW GROUP INC COM DELETED 46612H402 -- 365,056 SH SOLE 365,056
JPMORGAN CHASE & CO W EXP 10/28/201 46634E114 606 36,107 SH SOLE 36,107
K V PHARMACEUTICAL CO CL A 482740206 5,765 1,000,000 PRN SOLE 1,000,000
KANDI TECHNOLOGIES CORP COM 483709101 107 34,706 SH SOLE 34,706
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 30,286 30,000,000 PRN SOLE 30,000,000
LADISH INC COM 505754200 11,602 212,303 SH SOLE 212,303
LAWSON SOFTWARE INC NEW COM 52078P102 1,694 140,000 SH SOLE 140,000
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
LINCARE HLDGS INC NOTE 2.750%11/0 532791AF7 5,944 5,000,000 PRN SOLE 5,000,000
LINCOLN NATL CORP IND W EXP 07/10/201 534187117 12,724 588,250 SH SOLE 588,250
LONGWEI PETROLEUM INV HLDG L COM 543354104 348 200,000 SH SOLE 200,000
LUBRIZOL CORP COM 549271104 24,501 182,898 SH SOLE 182,898
MAGIC SOFTWARE ENTERPRISES L ORD 559166103 4,485 594,001 SH SOLE 594,001
MARSHALL & ILSLEY CORP NEW COM 571837103 14,567 1,823,168 SH SOLE 1,823,168
MASSEY ENERGY COMPANY COM 576206106 1,489 21,776 SH SOLE 21,776
MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 12,306 10,557,000 PRN SOLE 10,557,000
MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 30,215 27,663,000 PRN SOLE 27,663,000
MGIC INVT CORP WIS COM 552848903 6,168 816,900 SH CALL SOLE 816,900
MICROSOFT CORP (CFD) COM 594918104 3,041 119,800 SH SOLE 119,800
NICOR INC COM 654086107 2,805 52,240 SH SOLE 52,240
NOVAMED INC DEL NOTE 1.000% 6/1 66986WAA6 2,484 2,500,000 PRN SOLE 2,500,000
NOVELL INC COM 670006105 1,186 200,000 SH SOLE 200,000
NYSE EURONEXT COM 629491901 9,693 275,600 SH CALL SOLE 275,600
NYSE EURONEXT COM 629491101 11,409 324,384 SH SOLE 324,384
OILSANDS QUEST INC W EXP 05/12/201 678046129 2 65,300 SH SOLE 65,300
ONLINE RES CORP COM 68273G101 3,362 889,315 SH SOLE 889,315
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
OPTIONSXPRESS HLDGS INC COM 684010101 9,117 497,940 SH SOLE 497,940
PACIFIC ETHANOL INC COM 69423U107 861 1,375,965 SH SOLE 1,375,965
PALL CORP COM 696429307 1,152 20,000 SH SOLE 20,000
PEETS COFFEE & TEA INC COM 705560900 5,925 123,200 SH CALL SOLE 123,200
PEP BOYS MANNY MOE & JACK COM 713278109 1,359 106,900 SH SOLE 106,900
PMI GROUP INC NOTE 4.500% 4/1 69344MAK7 34,381 44,178,000 PRN SOLE 44,178,000
PNC FINL SVCS GROUP INC W EXP 12/31/201 693475121 356 23,816 SH SOLE 23,816
POWERSHARES DB CMDTY IDX COM 73935S905 4,593 210,800 SH CALL SOLE 210,800
PRANA BIOTECHNOLOGY LTD SPONSORED ADR 739727105 587 208,934 SH SOLE 208,934
PRIDE INTL INC DEL COM 74153Q102 24,713 575,387 SH SOLE 575,387
PROGRESS ENERGY INC COM 743263105 3,897 116,860 SH SOLE 116,860
PROLOGIS NOTE 3.250% 3/1 743410AY8 6,469 5,500,000 PRN SOLE 5,500,000
PULSE ELECTRONICS CORP COM 74586W106 771 127,411 SH SOLE 127,411
QWEST COMMUNICATIONS INTL IN COM 749121109 9,174 1,343,253 SH SOLE 1,343,253
QUANTUM FUEL SYSTEMS TECHNOL
RESTD COM NEW 74765E208 1,074 256,410 SH SOLE 256,410
RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 45,788 50,125,000 PRN SOLE 50,125,000
RAMBUS INC DEL COM 750917956 2,506 126,900 SH PUT SOLE 126,900
RC2 CORP COM 749388104 14,896 530,119 SH SOLE 530,119
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 MANAGERS SOLE SHARED NONE
------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---------- ------ ----
REEDS INC COM 758338107 280 132,540 SH SOLE 132,540
REGENERON PHARMACEUTICALS COM 75886F107 638 14,200 SH SOLE 14,200
REHABCARE GROUP INC COM 759148109 10,576 286,854 SH SOLE 286,854
RESMED INC COM 761152107 714 23,800 SH SOLE 23,800
RETAIL VENTURES INC COM 76128Y102 12,395 718,577 SH SOLE 718,577
RURAL / METRO CORP COM 781748108 14,717 863,703 SH SOLE 863,703
SEALY CORP SR SECD 3RD 8% 812139400 10,487 134,878 SH SOLE 134,878
SELECT MED HLDGS CORP COM 81619Q105 234 29,000 SH SOLE 29,000
SMURFIT-STONE CONTAINER CORP COM 83272A104 21,191 548,277 SH SOLE 548,277
SOLUTIA INC W EXP 02/27/201
ADDED 834376147 95 33,039 SH SOLE 33,039
SPDR S&P 500 ETF TR COM 78462F953 249,746 1,883,600 SH PUT SOLE 1,883,600
SPDR S&P 500 ETF TR COM 78464A954 5,080 100,000 SH PUT SOLE 100,000
SRA INTL INC COM 78464R105 8,781 309,618 SH SOLE 309,618
SRA INTL INC COM 78464R955 4,566 161,000 SH PUT SOLE 161,000
STEMCELLS INC COM 85857R105 2,252 2,474,904 SH SOLE 2,474,904
STERLING BANCSHARES INC COM 858907108 12,891 1,497,246 SH SOLE 1,497,246
STERLING BANCSHARES INC W EXP 12/12/201 858907116 1,731 498,977 SH SOLE 498,977
TCF FINL CORP W EXP 11/14/201 872275128 58 11,000 SH SOLE 11,000
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 MANAGERS SOLE SHARED NONE
------------------------------ -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
TENGION INC COM 88034G109 856 353,360 SH SOLE 353,360
TERREMARK WORLDWIDE INC COM NEW 881448203 6,656 350,322 SH SOLE 350,322
TEVA PHARMACEUTICAL INDS LTD COM 881624909 2,508 50,000 SH CALL SOLE 50,000
TIVO INC COM 888706958 1,750 200,000 SH PUT SOLE 200,000
TIVO INC COM 888706108 1,522 174,000 SH SOLE 174,000
UNITED DOMINION REALTY TR IN NOTE 4.000%12/1 910197AK8 24,081 24,000,000 PRN SOLE 24,000,000
UNITED THERAPEUTICS CORP COM 91307C902 1,387 20,700 SH CALL SOLE 20,700
UNITED THERAPEUTICS CORP DEL COM 91307C102 1,461 21,800 SH SOLE 21,800
USA TECHNOLOGIES INC COM NO PAR 90328S500 1,738 737,500 SH SOLE 737,500
VALEANT PHARMACEUTICALS INTL COM 91911K102 12,071 242,340 SH SOLE 242,340
VECTOR GROUP LTD DBCV 6/1 92240MAL2 5,265 4,500,000 PRN SOLE 4,500,000
VENTAS INC COM 92276F100 10,579 194,824 SH SOLE 194,824
VERIGY LTD COM Y93691106 4,016 285,000 SH SOLE 285,000
VOYAGER OIL & GAS INC COM 92911K100 715 162,500 SH SOLE 162,500
WELLS FARGO & CO COM 949746951 320 10,100 SH PUT SOLE 10,100
WELLS FARGO & CO COM 949746901 415 13,100 SH CALL SOLE 13,100
WESCO FINL CORP COM 950817106 28,170 72,380 SH SOLE 72,380
WESTERN DIGITAL CORP COM 958102105 1,678 45,000 SH SOLE 45,000
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 MANAGERS SOLE SHARED NONE
------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
WHITNEY HLDG CORP COM 966612103 6,899 506,510 SH SOLE 506,510