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
AETNA INC NEW COM 00817Y108 5,596 87,412 SH   SOLE 0 87,412 0 0
ALCOA INC COM 013817101 1,218 150,000 SH   SOLE 0 150,000 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 471 26,795 SH   SOLE 0 26,795 0 0
AMEDISYS INC Com 023436108 472 27,450 SH   SOLE 0 27,450 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 9,905 500,000 SH   SOLE 0 500,000 0 0
AMERICAN TOWER CORP CL A 029912201 1,966 26,522 SH   SOLE 0 26,522 0 0
AMPHENOL CORP NEW CL A 032095101 1,439 18,602 SH   SOLE 0 18,602 0 0
ANNALY CAP MGMT INC COM 035710409 130 11,239 SH   SOLE 0 11,239 0 0
APPLE INC COM 037833100 12,117 25,415 SH   SOLE 0 25,415 0 0
APPLIED MATLS INC COM 038222105 6,027 343,787 SH   SOLE 0 343,787 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 5,532 150,150 SH   SOLE 0 150,150 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 121 28,900 SH   SOLE 0 28,900 0 0
ARROW ELECTRS INC COM 042735100 13,103 270,000 SH   SOLE 0 270,000 0 0
AT&T INC COM 00206R102 228 6,740 SH   SOLE 0 6,740 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 489 11,350 SH   SOLE 0 11,350 0 0
AVX Corp COM 002444107 403 30,693 SH   SOLE 0 30,693 0 0
BANK OF AMERICA CORPORATION COM 060505104 15,613 1,131,400 SH   SOLE 0 1,131,400 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 522 14,022 SH   SOLE 0 14,022 0 0
BAXTER INTL INC COM 071813109 572 8,715 SH   SOLE 0 8,715 0 0
BEMIS CO. INC COM 081437105 267 6,850 SH   SOLE 0 6,850 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 219 1,929 SH   SOLE 0 1,929 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 8,712 350,000 SH   SOLE 0 350,000 0 0
BP PLC SPONSORED ADR 055622104 6,306 150,040 SH   SOLE 0 150,040 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 305 6,595 SH   SOLE 0 6,595 0 0
BUFFALO WILD WINGS INC COM 19848109 401 3,610 SH   SOLE 0 3,610 0 0
BUNGE LIMITED COM G16962105 11,387 150,000 SH   SOLE 0 150,000 0 0
CAPSTONE TURBINE CORP COM 14067D102 12 10,000 SH   SOLE 0 10,000 0 0
CENOVUS ENERGY INC COM 15135U109 8,955 300,000 SH   SOLE 0 300,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3,980 153,800 SH   SOLE 0 153,800 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 227 3,925 SH   SOLE 0 3,925 0 0
CIGNA CORP COM 125509109 15,372 200,000 SH   SOLE 0 200,000 0 0
CISCO SYS INC COM 17275R102 14,421 615,447 SH   SOLE 0 615,447 0 0
CITIGROUP INC COM 172967101 12,556 258,837 SH   SOLE 0 258,837 0 0
CONOCOPHILLIPS COM 20825C104 8,237 118,500 SH   SOLE 0 118,500 0 0
CORINTHIAN COLLEGES INC COM 218868907 99 45,075 SH   SOLE 0 45,075 0 0
COWEN GROUP INC NEW CL A 223622101 1,703 495,000 SH   SOLE 0 495,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 8,354 273,464 SH   SOLE 0 273,464 0 0
CST BRANDS INC COM 12646R105 1,821 61,121 SH   SOLE 0 61,121 0 0
CYS INVESTMENTS INC. COM 12673A108 221 27,150 SH   SOLE 0 27,150 0 0
DEVON ENERGY CORP COM 25179M103 3,474 60,151 SH   SOLE 0 60,151 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 14,334 230,000 SH   SOLE 0 230,000 0 0
DOW CHEM CO COM 260543103 11,528 300,200 SH   SOLE 0 300,200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,837 150,900 SH   SOLE 0 150,900 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 768 49,090 SH   SOLE 0 49,090 0 0
EBAY INC COM 278642103 10,350 185,500 SH   SOLE 0 185,500 0 0
ENCANA CORP COM 292505104 5,199 300,000 SH   SOLE 0 300,000 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 13,646 300,300 SH   SOLE 0 300,300 0 0
ENSCO INTL INC COM 26874Q100 10,901 202,815 SH   SOLE 0 202,815 0 0
EXCO RESOURCES INC COM 269279402 10,717 1,590,000 SH   SOLE 0 1,590,000 0 0
EXELIS INC COM 30162A108 420 26,750 SH   SOLE 0 26,750 0 0
EXXON MOBIL CORP COM 30231G102 5,200 60,439 SH   SOLE 0 60,439 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 9,090 1,000,000 SH   SOLE 0 1,000,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 356 21,100 SH   SOLE 0 21,100 0 0
FRANKLIN RES INC COM 354613101 9,099 180,000 SH   SOLE 0 180,000 0 0
FRANKLIN TEMPLETON LTD DUR I COM 35472T101 724 55,669 SH   SOLE 0 55,669 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 33,368 1,008,705 SH   SOLE 0 1,008,705 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 301 72,012 SH   SOLE 0 72,012 0 0
GFI GROUP INC COM 361652209 929 235,300 SH   SOLE 0 235,300 0 0
GILEAD SCIENCES INC COM 375558103 2,284 36,336 SH   SOLE 0 36,336 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 6,474 129,050 SH   SOLE 0 129,050 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 7,294 46,104 SH   SOLE 0 46,104 0 0
GOOGLE INC CL A 38259P508 4,542 5,186 SH   SOLE 0 5,186 0 0
HEALTH NET INC COM 42222G108 6,340 200,000 SH   SOLE 0 200,000 0 0
HEWLETT PACKARD CO COM 428236103 15,753 750,500 SH   SOLE 0 750,500 0 0
HSN INC COM 404303109 1,265 23,600 SH   SOLE 0 23,600 0 0
IAC INTERACTIVECORP COM NEW 44919P300 3,226 59,000 SH   SOLE 0 59,000 0 0
INGERSOLL-RAND COMPANY LTD CL A G4776G101 19,487 300,071 SH   SOLE 0 300,071 0 0
INTEL CORP COM 458140100 9,986 435,650 SH   SOLE 0 435,650 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 5,051 269,097 SH   SOLE 0 269,097 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 466 2,515 SH   SOLE 0 2,515 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 558 23,600 SH   SOLE 0 23,600 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 600 50,894 SH   SOLE 0 50,894 0 0
INVESCO MUNI INCOME OPP TRST COM 46132X101 557 87,998 SH   SOLE 0 87,998 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 3,081 196,000 SH   SOLE 0 196,000 0 0
ISHARES INC MSCI ITALY 464286855 157 11,126 SH   SOLE 0 11,126 0 0
iShares S&P U.S. Preferred Stock Index US PFD STK IDX 464288687 1,136 29,885 SH   SOLE 0 29,885 0 0
ISHARES TR CORE S&P MCP ETF 464287507 248 2,000 SH   SOLE 0 2,000 0 0
ISHARES TR MSCI EAFE IDX 464287465 424 6,650 SH   SOLE 0 6,650 0 0
ISHARES TR MSCI EMERG MKT 464287234 254 6,239 SH   SOLE 0 6,239 0 0
ISHARES TR RUSSELL1000GRW 464287614 395 5,055 SH   SOLE 0 5,055 0 0
ISHARES TR RUS200 IDX ETF 464289446 1,608 15,087 SH   SOLE 0 15,087 0 0
ISTAR FINL INC COM 45031U101 3,612 300,000 SH   SOLE 0 300,000 0 0
JABIL CIRCUIT INC COM 466313103 9,106 420,000 SH   SOLE 0 420,000 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 2,207 150,000 SH   SOLE 0 150,000 0 0
JOHNSON & JOHNSON COM 478160104 296 3,415 SH   SOLE 0 3,415 0 0
JP MORGAN CHASE & CO COM 46625H100 1,761 34,076 SH   SOLE 0 34,076 0 0
KLA-TENCOR CORP COM 482480100 631 10,375 SH   SOLE 0 10,375 0 0
LEGG MASON INC COM 524901105 15,048 450,000 SH   SOLE 0 450,000 0 0
MANITOWOC INC COM 563571908 2,934 150,000 SH   SOLE 0 150,000 0 0
MANTECH INTL CORP CL A 564563104 555 19,300 SH   SOLE 0 19,300 0 0
MARATHON OIL CORP COM 565849106 6,432 100,000 SH   SOLE 0 100,000 0 0
MARATHON OIL CORP COM 565849106 6,979 200,079 SH   SOLE 0 200,079 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 468 12,335 SH   SOLE 0 12,335 0 0
MERCK & CO INC COM 589331107 201 4,216 SH   SOLE 0 4,216 0 0
MICROSOFT CORP COM 594918104 20,183 606,449 SH   SOLE 0 606,449 0 0
MONSANTO CO NEW COM 61166W101 1,322 12,667 SH   SOLE 0 12,667 0 0
MORGAN STANLEY COM NEW 617446448 12,136 450,300 SH   SOLE 0 450,300 0 0
NASDAQ OMX GROUP INC COM 631103108 3,230 100,600 SH   SOLE 0 100,600 0 0
NATIONAL OILWELL VARCO INC COM 637071101 21,650 277,174 SH   SOLE 0 277,174 0 0
NAVIDEA BIOPHARMACEUTICALS INC COM 63937X103 187 70,500 SH   SOLE 0 70,500 0 0
NOBLE CORPORATION SHS G65422100 13,220 350,000 SH   SOLE 0 350,000 0 0
NUVEEN MUN VALUE FD INC COM 670928100 571 62,575 SH   SOLE 0 62,575 0 0
NVIDIA CORP COM 67066G104 4,668 300,000 SH   SOLE 0 300,000 0 0
NYSE EURONEXT COM 629491101 3,006 71,600 SH   SOLE 0 71,600 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 1,649 150,000 SH   SOLE 0 150,000 0 0
ORACLE CORP COM 68389X105 8,075 243,429 SH   SOLE 0 243,429 0 0
OSHKOSH CORP COM 688239201 11,466 234,100 SH   SOLE 0 234,100 0 0
PARKER HANNIFIN CORP COM 701094104 21,744 200,000 SH   SOLE 0 200,000 0 0
PENTAIR LTD SHS H6169Q108 3,116 47,988 SH   SOLE 0 47,988 0 0
PFIZER INC COM 717081103 11,543 401,862 SH   SOLE 0 401,862 0 0
PHILLIPS 66 COM 718546104 3,426 59,250 SH   SOLE 0 59,250 0 0
PIPER JAFFRAY COS COM 724078100 9,670 282,000 SH   SOLE 0 282,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 52,976 1,131,247 SH   SOLE 0 1,131,247 0 0
POPULAR INC COM 733174106 7,875 300,000 SH   SOLE 0 300,000 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 620 24,085 SH   SOLE 0 24,085 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 599 24,277 SH   SOLE 0 24,277 0 0
POWERSHARES INDIA ETF TR INDIA PORT 73935L100 235 14,713 SH   SOLE 0 14,713 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,255 28,591 SH   SOLE 0 28,591 0 0
QUALCOMM INC COM 747525103 2,434 36,152 SH   SOLE 0 36,152 0 0
QUANTA SVCS INC COM 74762E102 1,472 53,497 SH   SOLE 0 53,497 0 0
RAYTHEON CO COM 755111507 349 4,526 SH   SOLE 0 4,526 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 9,723 1,050,000 SH   SOLE 0 1,050,000 0 0
RF MICRODEVICES INC COM 749941100 184 32,700 SH   SOLE 0 32,700 0 0
ROWAN COS INC COM 779382100 14,321 390,000 SH   SOLE 0 390,000 0 0
SASOL LTD SPONSORED ADR 803866300 7,180 150,245 SH   SOLE 0 150,245 0 0
SCHWAB CHARLES CORP NEW COM 808513105 20,863 986,902 SH   SOLE 0 986,902 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 292 3,525 SH   SOLE 0 3,525 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 3,378 136,000 SH   SOLE 0 136,000 0 0
SMUCKER J M CO COM NEW 832696405 291 2,769 SH   SOLE 0 2,769 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 2,536 16,796 SH   SOLE 0 16,796 0 0
SPDR TR UNIT SER 1 78462F103 517,339 3,079,216 SH   SOLE 0 3,079,216 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 560 11,239 SH   SOLE 0 11,239 0 0
STAPLES INC COM 855030102 467 31,910 SH   SOLE 0 31,910 0 0
SUNEDISON INC COM 86732Y109 3,985 500,000 SH   SOLE 0 500,000 0 0
SUPERVALU INC COM 868536103 410 49,825 SH   SOLE 0 49,825 0 0
SYNOVUS FINL CORP COM 87161C105 6,600 2,000,000 SH   SOLE 0 2,000,000 0 0
TASER INTL INC COM 87651B104 2,723 183,000 SH   SOLE 0 183,000 0 0
TEREX CORP NEW COM 880779103 6,720 200,000 SH   SOLE 0 200,000 0 0
TESORO CORP COM 881609101 9,680 220,100 SH   SOLE 0 220,100 0 0
THE ADT CORPORATION COM 00101J106 4,066 100,000 SH   SOLE 0 100,000 0 0
TOTAL S A SPONSORED ADR 89151E109 8,688 150,000 SH   SOLE 0 150,000 0 0
TRANSATLANTIC PETROLEUM LTD SHS G89982105 65 77,800 SH   SOLE 0 77,800 0 0
TRANSOCEAN INC NEW SHS G90073100 10,900 244,948 SH   SOLE 0 244,948 0 0
TYCO INTL LTD BERMUDA SHS G9143X208 6,996 200,000 SH   SOLE 0 200,000 0 0
UBS AG SHS NEW H89231338 5,335 260,000 SH   SOLE 0 260,000 0 0
UIL HLDG CORP COM 902748102 231 6,200 SH   SOLE 0 6,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 17,974 251,000 SH   SOLE 0 251,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 18,790 550,220 SH   SOLE 0 550,220 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 706 17,589 SH   SOLE 0 17,589 0 0
VANGUARD INTL EQUITY INDEX F MSCI EUROPE ETF 922042874 395 7,247 SH   SOLE 0 7,247 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 260 4,675 SH   SOLE 0 4,675 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 304 3,820 SH   SOLE 0 3,820 0 0
Vanguard Short-Term Bond ETF SHORT TRM BOND 921937827 2,146 26,700 SH   SOLE 0 26,700 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 268 2,584 SH   SOLE 0 2,584 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 754 9,240 SH   SOLE 0 9,240 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 213 4,560 SH   SOLE 0 4,560 0 0
WESTERN DIGITAL CORP COM 958102105 15,850 250,000 SH   SOLE 0 250,000 0 0
WISDOMTREE TR INDIAN RUP ETF 97717W166 594 30,992 SH   SOLE 0 30,992 0 0
WISDOMTREE TRUST EMERG MKTS ETF 97717W315 222 4,300 SH   SOLE 0 4,300 0 0
WISDOMTREE TRUST JAPANESE YEN F 97717W224 268 5,598 SH   SOLE 0 5,598 0 0
XEROX CORP COM 984121103 159 15,500 SH   SOLE 0 15,500 0 0
YAHOO INC COM 984332106 3,320 100,100 SH   SOLE 0 100,100 0 0