George Soros' (Trades, Portfolio) company, Soros Fund Management, has increased its bear call bet or Hedging is portfolio through the S&P 500 ETF(SPY, Financial). Soros Fund Management put options on the (SPY) ETF has increased a wopping 605% from the previous quarter. The man who broke the bank of England in 1992 when he shorted the British pound for a net gain of $2 billion. He forced the bank of England to devalued the currency.
George Soros' (Trades, Portfolio) put option (SPY, Financial) ETF
Soros Fund Management put options on the (SPY, Financial) ETF is now the largest holding in the company's portfolio. Soros Management increased the company's put position from 1.6 million to 11.29 million, that equivalent of going from $299 million to $2.2 billion in notional value. Normally, a large investment firm will place hedge positions whether long or short to mitigate risk. But the 605% increase from the previous quarter and total position is the largest in Soros' portfolio. The put position went from 3.0% of the portfolio to 16.7% of the portfolio over the previous quarter. That massive jump from one quarter to the next clearly shows that George Soros is making a bearish call on the S&P 500 by using put options. Soros Fund Management alson increased the firms S&P 500 ETF (SPY) calls to 2.1 million share, to now 3.1% of the portfolio. That up from the previous quarter of 0.7% or a 405% increased over one quarter. A 605% increase his is put position and a 405% on is call position in just one quarter, kinda says that George Soros (Trades, Portfolio) is making a bearish bet against the market with a small hedge as well. Soros did add to is positions in Facebook (FB, Financial) and Apple (AAPL, Financial) from the previous quarter including adding a 185 new positions as well.
Increasing his holdings In gold companies
He also doubled down on gold mining ETF and added plenty of gold-based companies to his portfolio. Soros' position in the Market Vectors Gold Miners ETF (GDX, Financial) increased from 1.16 million in the first quarter to 2.05 million now, now stands at $54 million.
S&P 500 Overvalued or Not?
- Trading at all-time highs
- Historic average P/E 15.15 and currently trading at 19x earnings.
- Is 22.3% overvalued based on its 134 year historic average of 15x?
- Based on CAPE the S&P 500 is selling at 26.11x earnings.
- CAPE 134 Average is 16x earnings, that means the S&P 500 is overvalued by 57%.
- S&P dividend yield is currently 1.85% and its 134 year historic average is 4.32%
It clear that the S&P 500 is over valued and that its also clear based on George Soros (Trades, Portfolio) actions in his portfolio from put option to increasing is gold company holds that he going bearish. Soros is legendary for his bearish calls and backing those calls with his money and reaping massive financial rewards from it. Is George Soros (Trades, Portfolio) Hedging his portfolio as some in the financial media is saying or is he setting up for massive profits from betting against the marketl?
George Soros Full Second Quater 13F Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 |
ABBOTT LABS | COM | 002824100 | 38,126 | 932,181 | SH | SOLE | 1 | 932,181 | 0 | 0 | |
ABBVIE INC | COM | 00287Y109 | 8,466 | 150,000 | SH | SOLE | 1 | 150,000 | 0 | 0 | |
ACORN ENERGY INC | COM | 004848107 | 93 | 39,326 | SH | SOLE | 1 | 39,326 | 0 | 0 | |
ACTUATE CORP | COM | 00508B102 | 5,088 | 1,066,666 | SH | SOLE | 1 | 1,066,666 | 0 | 0 | |
AFFILIATED MANAGERS GROUP | COM | 008252108 | 19,102 | 93,000 | SH | SOLE | 1 | 93,000 | 0 | 0 | |
AGNICO EAGLE MINES LTD | COM | 008474108 | 17,140 | 447,525 | SH | SOLE | 1 | 447,525 | 0 | 0 | |
AIR LEASE CORP | CL A | 00912X302 | 9,645 | 250,000 | SH | SOLE | 1 | 250,000 | 0 | 0 | |
ALLIED NEVADA GOLD CORP | COM | 019344100 | 3,760 | 1,000,000 | SH | SOLE | 1 | 1,000,000 | 0 | 0 | |
ALLY FINL INC | COM | 02005N100 | 35,732 | 1,494,450 | SH | SOLE | 1 | 1,494,450 | 0 | 0 | |
ALPHATEC HOLDINGS INC | COM | 02081G102 | 58 | 35,816 | SH | SOLE | 1 | 35,816 | 0 | 0 | |
AMAZON COM INC | COM | 023135106 | 4,872 | 15,000 | SH | SOLE | 1 | 15,000 | 0 | 0 | |
AMERICAN AIRLS GROUP INC | COM | 02376R102 | 108,869 | 2,534,188 | SH | SOLE | 1 | 2,534,188 | 0 | 0 | |
AMERICAN APPAREL INC | COM | 023850100 | 150 | 166,500 | SH | SOLE | 1 | 166,500 | 0 | 0 | |
AMERICAN CAP LTD | COM | 02503Y103 | 459 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
AMERICAN CAPITAL AGENCY CORP | COM | 02503X105 | 47,784 | 2,041,169 | SH | SOLE | 1 | 2,041,169 | 0 | 0 | |
AMERICAN INTL GROUP INC | COM NEW | 026874784 | 98,392 | 1,802,717 | SH | SOLE | 1 | 1,802,717 | 0 | 0 | |
AMERICAN RLTY CAP PPTYS INC | COM | 02917T104 | 7,267 | 580,000 | SH | SOLE | 1 | 580,000 | 0 | 0 | |
AMERICAN SUPERCONDUCTOR CORP | COM | 030111108 | 119 | 72,700 | SH | SOLE | 1 | 72,700 | 0 | 0 | |
AMERICAN TOWER CORP NEW | COM | 03027X100 | 1,800 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
AMICUS THERAPEUTICS INC | COM | 03152W109 | 235 | 70,500 | SH | SOLE | 1 | 70,500 | 0 | 0 | |
ANADIGICS INC | COM | 032515108 | 67 | 82,700 | SH | SOLE | 1 | 82,700 | 0 | 0 | |
APACHE CORP | COM | 037411105 | 10,544 | 104,794 | SH | SOLE | 1 | 104,794 | 0 | 0 | |
APOLLO INVT CORP | COM | 03761U106 | 486 | 56,500 | SH | SOLE | 1 | 56,500 | 0 | 0 | |
APPLE INC | COM | 037833100 | 170,412 | 1,833,764 | SH | SOLE | 1 | 1,833,764 | 0 | 0 | |
ARES CAP CORP | COM | 04010L103 | 475 | 26,600 | SH | SOLE | 1 | 26,600 | 0 | 0 | |
ARIAD PHARMACEUTICALS INC | COM | 04033A100 | 6,370 | 1,000,000 | SH | SOLE | 1 | 1,000,000 | 0 | 0 | |
ARQULE INC | COM | 04269E107 | 122 | 78,600 | SH | SOLE | 1 | 78,600 | 0 | 0 | |
ASTRAZENECA PLC | SPONSORED ADR | 046353108 | 11,147 | 150,000 | SH | SOLE | 1 | 150,000 | 0 | 0 | |
ATMEL CORP | COM | 049513104 | 26,861 | 2,866,666 | SH | SOLE | 1 | 2,866,666 | 0 | 0 | |
ATWOOD OCEANICS INC | COM | 050095108 | 6,141 | 117,014 | SH | SOLE | 1 | 117,014 | 0 | 0 | |
AUDIENCE INC | COM | 05070J102 | 4,385 | 366,666 | SH | SOLE | 1 | 366,666 | 0 | 0 | |
AURICO GOLD INC | COM | 05155C105 | 6,763 | 1,587,650 | SH | SOLE | 1 | 1,587,650 | 0 | 0 | |
AVEO PHARMACEUTICALS INC | COM | 053588109 | 90 | 49,076 | SH | SOLE | 1 | 49,076 | 0 | 0 | |
AVIAT NETWORKS INC | COM | 05366Y102 | 95 | 74,117 | SH | SOLE | 1 | 74,117 | 0 | 0 | |
BAIDU INC | SPON ADR REP A | 056752108 | 35,494 | 190,000 | SH | SOLE | 1 | 190,000 | 0 | 0 | |
BAKER HUGHES INC | COM | 057224107 | 27,451 | 368,721 | SH | SOLE | 1 | 368,721 | 0 | 0 | |
BARRICK GOLD CORP | COM | 067901108 | 8,849 | 483,570 | SH | SOLE | 1 | 483,570 | 0 | 0 | |
B/E AEROSPACE INC | COM | 073302101 | 6,768 | 73,172 | SH | SOLE | 1 | 73,172 | 0 | 0 | |
B/E AEROSPACE INC | COM | 073302101 | 6,752 | 73,000 | SH | Put | SOLE | 1 | 73,000 | 0 | 0 |
BIOAMBER INC | *W EXP 05/09/201 | 09072Q114 | 497 | 194,000 | SH | SOLE | 1 | 194,000 | 0 | 0 | |
BIOLASE INC | COM | 090911108 | 68 | 30,949 | SH | SOLE | 1 | 30,949 | 0 | 0 | |
BLACKROCK INC | COM | 09247X101 | 1,598 | 5,000 | SH | SOLE | 1 | 5,000 | 0 | 0 | |
BLACKROCK KELSO CAPITAL CORP | COM | 092533108 | 487 | 53,500 | SH | SOLE | 1 | 53,500 | 0 | 0 | |
BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 26,651 | 918,990 | SH | SOLE | 1 | 918,990 | 0 | 0 | |
BLYTH INC | COM NEW | 09643P207 | 121 | 15,500 | SH | SOLE | 1 | 15,500 | 0 | 0 | |
BODY CENT CORP | COM | 09689U102 | 25 | 27,700 | SH | SOLE | 1 | 27,700 | 0 | 0 | |
BOEING CO | COM | 097023105 | 15,420 | 121,196 | SH | SOLE | 1 | 121,196 | 0 | 0 | |
BROADSOFT INC | COM | 11133B409 | 12,399 | 469,842 | SH | SOLE | 1 | 469,842 | 0 | 0 | |
BROADSOFT INC | NOTE 1.500% 7/0 | 11133BAB8 | 5,620 | 5,500,000 | PRN | SOLE | 1 | 5,500,000 | 0 | 0 | |
C&J ENERGY SVCS INC | COM | 12467B304 | 2,196 | 65,000 | SH | SOLE | 1 | 65,000 | 0 | 0 | |
CBS CORP NEW | CL B | 124857202 | 28,704 | 461,917 | SH | SOLE | 1 | 461,917 | 0 | 0 | |
CBS CORP NEW | CL B | 124857202 | 22,370 | 360,000 | SH | Call | SOLE | 1 | 360,000 | 0 | 0 |
CME GROUP INC | COM | 12572Q105 | 2,129 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
CADENCE DESIGN SYSTEM INC | COM | 127387108 | 29,150 | 1,666,666 | SH | SOLE | 1 | 1,666,666 | 0 | 0 | |
CAESARS ACQUISITION CO | CL A | 12768T103 | 76,378 | 6,174,465 | SH | SOLE | 1 | 6,174,465 | 0 | 0 | |
CAESARS ENTMT CORP | COM | 127686103 | 119,408 | 6,604,383 | SH | SOLE | 1 | 6,604,383 | 0 | 0 | |
CAL DIVE INTL INC DEL | COM | 12802T101 | 72 | 54,200 | SH | SOLE | 1 | 54,200 | 0 | 0 | |
CAMECO CORP | COM | 13321L108 | 44,702 | 2,279,563 | SH | SOLE | 1 | 2,279,563 | 0 | 0 | |
CAPITAL SOUTHWEST CORP | COM | 140501107 | 281 | 7,800 | SH | SOLE | 1 | 7,800 | 0 | 0 | |
CELGENE CORP | COM | 151020104 | 59,086 | 688,000 | SH | SOLE | 1 | 688,000 | 0 | 0 | |
CEMEX SAB DE CV | SPON ADR NEW | 151290889 | 3,527 | 266,624 | SH | SOLE | 1 | 266,624 | 0 | 0 | |
CENTERPOINT ENERGY INC | COM | 15189T107 | 61,143 | 2,394,013 | SH | SOLE | 1 | 2,394,013 | 0 | 0 | |
CHARTER COMMUNICATIONS INC D | CL A NEW | 16117M305 | 203,821 | 1,286,908 | SH | SOLE | 1 | 1,286,908 | 0 | 0 | |
CHESAPEAKE ENERGY CORP | COM | 165167107 | 1,100 | 35,400 | SH | SOLE | 1 | 35,400 | 0 | 0 | |
CHESAPEAKE ENERGY CORP | COM | 165167107 | 20,979 | 675,000 | SH | Put | SOLE | 1 | 675,000 | 0 | 0 |
CHURCHILL DOWNS INC | COM | 171484108 | 63,513 | 704,839 | SH | SOLE | 1 | 704,839 | 0 | 0 | |
CIENA CORP | NOTE 0.875% 6/1 | 171779AE1 | 45,828 | 46,000,000 | PRN | SOLE | 1 | 46,000,000 | 0 | 0 | |
CITIGROUP INC | COM NEW | 172967424 | 5,045 | 107,114 | SH | SOLE | 1 | 107,114 | 0 | 0 | |
CITRIX SYS INC | COM | 177376100 | 136,122 | 2,176,220 | SH | SOLE | 1 | 2,176,220 | 0 | 0 | |
COCA COLA CO | COM | 191216100 | 3,092 | 73,000 | SH | SOLE | 1 | 73,000 | 0 | 0 | |
COMCAST CORP NEW | CL A | 20030N101 | 5,368 | 100,000 | SH | SOLE | 1 | 100,000 | 0 | 0 | |
COMMSCOPE HLDG CO INC | COM | 20337X109 | 19,421 | 839,649 | SH | SOLE | 1 | 839,649 | 0 | 0 | |
COMMVAULT SYSTEMS INC | COM | 204166102 | 9,834 | 200,000 | SH | SOLE | 1 | 200,000 | 0 | 0 | |
CONATUS PHARMACEUTICALS INC | COM | 20600T108 | 178 | 19,500 | SH | SOLE | 1 | 19,500 | 0 | 0 | |
CONSOL ENERGY INC | COM | 20854P109 | 234,417 | 5,088,283 | SH | SOLE | 1 | 5,088,283 | 0 | 0 | |
CONTROLADORA VUELA CIA DE AV | SPON ADR RP 10 | 21240E105 | 2,181 | 242,311 | SH | SOLE | 1 | 242,311 | 0 | 0 | |
CORINTHIAN COLLEGES INC | COM | 218868107 | 20 | 68,900 | SH | SOLE | 1 | 68,900 | 0 | 0 | |
CORONADO BIOSCIENCES INC | COM | 21976U109 | 50 | 29,279 | SH | SOLE | 1 | 29,279 | 0 | 0 | |
CROWN CASTLE INTL CORP | CNV PFD STK SR A | 228227500 | 8,670 | 85,000 | SH | SOLE | 1 | 85,000 | 0 | 0 | |
CROWN CASTLE INTL CORP | COM | 228227104 | 1,857 | 25,000 | SH | SOLE | 1 | 25,000 | 0 | 0 | |
CTRIP COM INTL LTD | AMERICAN DEP SHS | 22943F100 | 50,233 | 784,400 | SH | SOLE | 1 | 784,400 | 0 | 0 | |
CURIS INC | COM | 231269101 | 82 | 44,000 | SH | SOLE | 1 | 44,000 | 0 | 0 | |
CYPRESS SEMICONDUCTOR CORP | COM | 232806109 | 30,184 | 2,766,666 | SH | SOLE | 1 | 2,766,666 | 0 | 0 | |
DELTA AIR LINES INC DEL | COM NEW | 247361702 | 12,274 | 317,000 | SH | SOLE | 1 | 317,000 | 0 | 0 | |
DEPOMED INC | COM | 249908104 | 1,051 | 75,600 | SH | SOLE | 1 | 75,600 | 0 | 0 | |
DIAMONDBACK ENERGY INC | COM | 25278X109 | 12,877 | 145,000 | SH | SOLE | 1 | 145,000 | 0 | 0 | |
DIGITAL RIV INC | COM | 25388B104 | 10,287 | 666,666 | SH | SOLE | 1 | 666,666 | 0 | 0 | |
DIGITAL RIV INC | NOTE 2.000%11/0 | 25388BAD6 | 123,780 | 123,625,000 | PRN | SOLE | 1 | 123,625,000 | 0 | 0 | |
DISH NETWORK CORP | CL A | 25470M109 | 110,028 | 1,690,664 | SH | SOLE | 1 | 1,690,664 | 0 | 0 | |
DORAL FINL CORP | COM PAR 0.01 | 25811P852 | 125 | 28,900 | SH | SOLE | 1 | 28,900 | 0 | 0 | |
DOW CHEM CO | COM | 260543103 | 42,495 | 825,792 | SH | SOLE | 1 | 825,792 | 0 | 0 | |
DYNEGY INC NEW DEL | *W EXP 99/99/999 | 26817R116 | 2,769 | 615,300 | SH | SOLE | 1 | 615,300 | 0 | 0 | |
EP ENERGY CORP | CL A | 268785102 | 3,086 | 133,900 | SH | SOLE | 1 | 133,900 | 0 | 0 | |
EQT CORP | COM | 26884L109 | 179,897 | 1,682,857 | SH | SOLE | 1 | 1,682,857 | 0 | 0 | |
EASTMAN KODAK CO | *W EXP 09/03/201 | 277461133 | 63 | 6,681 | SH | SOLE | 1 | 6,681 | 0 | 0 | |
EASTMAN KODAK CO | *W EXP 09/03/201 | 277461141 | 61 | 6,681 | SH | SOLE | 1 | 6,681 | 0 | 0 | |
EASTMAN KODAK CO | COM NEW | 277461406 | 471 | 19,228 | SH | SOLE | 1 | 19,228 | 0 | 0 | |
EBAY INC | COM | 278642103 | 18,647 | 372,500 | SH | SOLE | 1 | 372,500 | 0 | 0 | |
EMBRAER S A | SP ADR REP 4 COM | 29082A107 | 3,999 | 109,770 | SH | SOLE | 1 | 109,770 | 0 | 0 | |
ENABLE MIDSTREAM PARTNERS LP | COM UNIT RP IN | 292480100 | 11,576 | 442,000 | SH | SOLE | 1 | 442,000 | 0 | 0 | |
ENDEAVOUR INTL CORP | COM NEW | 29259G200 | 114 | 83,000 | SH | SOLE | 1 | 83,000 | 0 | 0 | |
ENERGEN CORP | COM | 29265N108 | 195,148 | 2,195,635 | SH | SOLE | 1 | 2,195,635 | 0 | 0 | |
ENZON PHARMACEUTICALS INC | COM | 293904108 | 52 | 50,123 | SH | SOLE | 1 | 50,123 | 0 | 0 | |
EXAR CORP | COM | 300645108 | 53,329 | 4,719,395 | SH | SOLE | 1 | 4,719,395 | 0 | 0 | |
EXTREME NETWORKS INC | COM | 30226D106 | 6,956 | 1,566,666 | SH | SOLE | 1 | 1,566,666 | 0 | 0 | |
FACEBOOK INC | CL A | 30303M102 | 123,899 | 1,841,260 | SH | SOLE | 1 | 1,841,260 | 0 | 0 | |
F5 NETWORKS INC | COM | 315616102 | 8,469 | 76,000 | SH | SOLE | 1 | 76,000 | 0 | 0 | |
FIDELITY NATIONAL FINANCIAL | CL A | 31620R105 | 1,982 | 60,500 | SH | SOLE | 1 | 60,500 | 0 | 0 | |
FIFTH STREET FINANCE CORP | COM | 31678A103 | 475 | 48,300 | SH | SOLE | 1 | 48,300 | 0 | 0 | |
FIRST SEC GROUP INC | COM NEW | 336312202 | 51 | 23,400 | SH | SOLE | 1 | 23,400 | 0 | 0 | |
FIRST SOLAR INC | COM | 336433107 | 7,106 | 100,000 | SH | SOLE | 1 | 100,000 | 0 | 0 | |
FLEXION THERAPEUTICS INC | COM | 33938J106 | 405 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
FRANCO NEVADA CORP | COM | 351858105 | 5,304 | 92,500 | SH | SOLE | 1 | 92,500 | 0 | 0 | |
FREEPORT-MCMORAN COPPER & GO | COM | 35671D857 | 5,102 | 139,781 | SH | SOLE | 1 | 139,781 | 0 | 0 | |
GSV CAP CORP | COM | 36191J101 | 444 | 42,000 | SH | SOLE | 1 | 42,000 | 0 | 0 | |
GENERAL MOLY INC | COM | 370373102 | 63 | 54,400 | SH | SOLE | 1 | 54,400 | 0 | 0 | |
GENERAL MTRS CO | COM | 37045V100 | 140,359 | 3,866,654 | SH | SOLE | 1 | 3,866,654 | 0 | 0 | |
GLADSTONE CAPITAL CORP | COM | 376535100 | 187 | 18,600 | SH | SOLE | 1 | 18,600 | 0 | 0 | |
GLADSTONE INVT CORP | COM | 376546107 | 259 | 35,000 | SH | SOLE | 1 | 35,000 | 0 | 0 | |
GLOBAL EAGLE ENTMT INC | COM | 37951D102 | 1,959 | 158,000 | SH | SOLE | 1 | 158,000 | 0 | 0 | |
GLOBALSTAR INC | COM | 378973408 | 10,927 | 2,571,017 | SH | SOLE | 1 | 2,571,017 | 0 | 0 | |
GLYCOMIMETICS INC | COM | 38000Q102 | 87 | 10,300 | SH | SOLE | 1 | 10,300 | 0 | 0 | |
GOGO INC | COM | 38046C109 | 6,740 | 344,589 | SH | SOLE | 1 | 344,589 | 0 | 0 | |
GOLDCORP INC NEW | COM | 380956409 | 12,341 | 442,172 | SH | SOLE | 1 | 442,172 | 0 | 0 | |
GOLUB CAP BDC INC | COM | 38173M102 | 683 | 38,600 | SH | SOLE | 1 | 38,600 | 0 | 0 | |
GOOGLE INC | CL C | 38259P706 | 111,886 | 194,489 | SH | SOLE | 1 | 194,489 | 0 | 0 | |
GORDMANS STORES INC | COM | 38269P100 | 74 | 17,300 | SH | SOLE | 1 | 17,300 | 0 | 0 | |
GREENHILL & CO INC | COM | 395259104 | 1,655 | 33,600 | SH | SOLE | 1 | 33,600 | 0 | 0 | |
GTX INC DEL | COM | 40052B108 | 54 | 38,828 | SH | SOLE | 1 | 38,828 | 0 | 0 | |
HALLIBURTON CO | COM | 406216101 | 160,910 | 2,266,008 | SH | SOLE | 1 | 2,266,008 | 0 | 0 | |
HARMAN INTL INDS INC | COM | 413086109 | 13,429 | 125,000 | SH | SOLE | 1 | 125,000 | 0 | 0 | |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 2,328 | 65,000 | SH | SOLE | 1 | 65,000 | 0 | 0 | |
HERCULES TECH GROWTH CAP INC | COM | 427096508 | 509 | 31,500 | SH | SOLE | 1 | 31,500 | 0 | 0 | |
HERTZ GLOBAL HOLDINGS INC | COM | 42805T105 | 42,669 | 1,522,272 | SH | SOLE | 1 | 1,522,272 | 0 | 0 | |
HILLSHIRE BRANDS CO | COM | 432589109 | 12,460 | 200,000 | SH | SOLE | 1 | 200,000 | 0 | 0 | |
HOLOGIC INC | FRNT 12/1 | 436440AG6 | 155,062 | 141,367,000 | PRN | SOLE | 1 | 141,367,000 | 0 | 0 | |
HOME DEPOT INC | COM | 437076102 | 4,048 | 50,000 | SH | SOLE | 1 | 50,000 | 0 | 0 | |
HOST HOTELS & RESORTS INC | COM | 44107P104 | 45,418 | 2,063,515 | SH | SOLE | 1 | 2,063,515 | 0 | 0 | |
HUBBELL INC | CL B | 443510201 | 37,730 | 306,371 | SH | SOLE | 1 | 306,371 | 0 | 0 | |
HUTCHINSON TECHNOLOGY INC | COM | 448407106 | 52 | 20,986 | SH | SOLE | 1 | 20,986 | 0 | 0 | |
ILLUMINA INC | COM | 452327109 | 34,834 | 195,102 | SH | SOLE | 1 | 195,102 | 0 | 0 | |
IMATION CORP | COM | 45245A107 | 46 | 13,500 | SH | SOLE | 1 | 13,500 | 0 | 0 | |
IMPERIAL HLDGS INC | COM | 452834104 | 70 | 10,200 | SH | SOLE | 1 | 10,200 | 0 | 0 | |
IMPERVA INC | COM | 45321L100 | 3,731 | 142,500 | SH | SOLE | 1 | 142,500 | 0 | 0 | |
INFORMATICA CORP | COM | 45666Q102 | 8,467 | 237,500 | SH | SOLE | 1 | 237,500 | 0 | 0 | |
INFINERA CORPORATION | COM | 45667G103 | 6,555 | 712,500 | SH | SOLE | 1 | 712,500 | 0 | 0 | |
INTEL CORP | COM | 458140100 | 120,697 | 3,906,048 | SH | SOLE | 1 | 3,906,048 | 0 | 0 | |
INTERMOLECULAR INC | COM | 45882D109 | 103 | 44,100 | SH | SOLE | 1 | 44,100 | 0 | 0 | |
INTERSECTIONS INC | COM | 460981301 | 52 | 10,500 | SH | SOLE | 1 | 10,500 | 0 | 0 | |
INTUIT | COM | 461202103 | 12,080 | 150,000 | SH | SOLE | 1 | 150,000 | 0 | 0 | |
INTUITIVE SURGICAL INC | COM NEW | 46120E602 | 18,572 | 45,100 | SH | SOLE | 1 | 45,100 | 0 | 0 | |
INTREPID POTASH INC | COM | 46121Y102 | 920 | 54,900 | SH | SOLE | 1 | 54,900 | 0 | 0 | |
INVENSENSE INC | COM | 46123D205 | 1,176 | 51,811 | SH | SOLE | 1 | 51,811 | 0 | 0 | |
ISHARES | MSCI EMG MKT ETF | 464287234 | 7,025 | 162,500 | SH | Put | SOLE | 1 | 162,500 | 0 | 0 |
ISHARES | RUSSELL 2000 ETF | 464287655 | 59,405 | 500,000 | SH | Put | SOLE | 1 | 500,000 | 0 | 0 |
JDS UNIPHASE CORP | COM PAR $0.001 | 46612J507 | 13,301 | 1,066,666 | SH | SOLE | 1 | 1,066,666 | 0 | 0 | |
JAKKS PAC INC | COM | 47012E106 | 341 | 44,000 | SH | SOLE | 1 | 44,000 | 0 | 0 | |
JETBLUE AIRWAYS CORP | COM | 477143101 | 2,713 | 250,000 | SH | SOLE | 1 | 250,000 | 0 | 0 | |
JOHNSON & JOHNSON | COM | 478160104 | 5,231 | 50,000 | SH | SOLE | 1 | 50,000 | 0 | 0 | |
JUMEI INTL HLDG LTD | SPONSORED ADR | 48138L107 | 816 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
JUNIPER NETWORKS INC | COM | 48203R104 | 16,933 | 690,000 | SH | Call | SOLE | 1 | 690,000 | 0 | 0 |
KBR INC | COM | 48242W106 | 3,236 | 135,676 | SH | SOLE | 1 | 135,676 | 0 | 0 | |
KLA-TENCOR CORP | COM | 482480100 | 7,264 | 100,000 | SH | SOLE | 1 | 100,000 | 0 | 0 | |
KCAP FINL INC | COM | 48668E101 | 219 | 25,800 | SH | SOLE | 1 | 25,800 | 0 | 0 | |
KIOR INC | CL A | 497217109 | 9 | 25,900 | SH | SOLE | 1 | 25,900 | 0 | 0 | |
KODIAK OIL & GAS CORP | COM | 50015Q100 | 16,471 | 1,132,013 | SH | SOLE | 1 | 1,132,013 | 0 | 0 | |
KRAFT FOODS GROUP INC | COM | 50076Q106 | 34,539 | 576,133 | SH | SOLE | 1 | 576,133 | 0 | 0 | |
LAS VEGAS SANDS CORP | COM | 517834107 | 14,470 | 189,840 | SH | SOLE | 1 | 189,840 | 0 | 0 | |
LEUCADIA NATL CORP | COM | 527288104 | 112,283 | 4,282,343 | SH | SOLE | 1 | 4,282,343 | 0 | 0 | |
LEVEL 3 COMMUNICATIONS INC | COM NEW | 52729N308 | 78,481 | 1,787,306 | SH | SOLE | 1 | 1,787,306 | 0 | 0 | |
LEVEL 3 COMMUNICATIONS INC | COM NEW | 52729N308 | 8,782 | 200,000 | SH | Call | SOLE | 1 | 200,000 | 0 | 0 |
LIFEVANTAGE CORP | COM | 53222K106 | 77 | 53,600 | SH | SOLE | 1 | 53,600 | 0 | 0 | |
LILLY ELI & CO | COM | 532457108 | 3,136 | 50,441 | SH | SOLE | 1 | 50,441 | 0 | 0 | |
LINCOLN EDL SVCS CORP | COM | 533535100 | 57 | 12,700 | SH | SOLE | 1 | 12,700 | 0 | 0 | |
LINKEDIN CORP | COM CL A | 53578A108 | 12,860 | 75,000 | SH | SOLE | 1 | 75,000 | 0 | 0 | |
LIONS GATE ENTMNT CORP | COM NEW | 535919203 | 2,531 | 88,564 | SH | SOLE | 1 | 88,564 | 0 | 0 | |
LORAL SPACE & COMMUNICATNS I | COM | 543881106 | 76,720 | 1,055,440 | SH | SOLE | 1 | 1,055,440 | 0 | 0 | |
LUMOS NETWORKS CORP | COM | 550283105 | 9,315 | 643,773 | SH | SOLE | 1 | 643,773 | 0 | 0 | |
MBIA INC | COM | 55262C100 | 27,180 | 2,461,962 | SH | SOLE | 1 | 2,461,962 | 0 | 0 | |
MEI PHARMA INC | COM NEW | 55279B202 | 101 | 15,900 | SH | SOLE | 1 | 15,900 | 0 | 0 | |
MGIC INVT CORP WIS | COM | 552848103 | 20,234 | 2,189,808 | SH | SOLE | 1 | 2,189,808 | 0 | 0 | |
MVC CAPITAL INC | COM | 553829102 | 233 | 18,000 | SH | SOLE | 1 | 18,000 | 0 | 0 | |
MACK CALI RLTY CORP | COM | 554489104 | 86,039 | 4,005,539 | SH | SOLE | 1 | 4,005,539 | 0 | 0 | |
MACROGENICS INC | COM | 556099109 | 423 | 19,488 | SH | SOLE | 1 | 19,488 | 0 | 0 | |
MAGNUM HUNTER RES CORP DEL | COM | 55973B102 | 11,669 | 1,423,068 | SH | SOLE | 1 | 1,423,068 | 0 | 0 | |
MAIN STREET CAPITAL CORP | COM | 56035L104 | 477 | 14,500 | SH | SOLE | 1 | 14,500 | 0 | 0 | |
MARKET VECTORS ETF TR | GOLD MINER ETF | 57060U100 | 54,240 | 2,050,664 | SH | SOLE | 1 | 2,050,664 | 0 | 0 | |
MARKET VECTORS ETF TR | GOLD MINER ETF | 57060U100 | 35,099 | 1,327,000 | SH | Call | SOLE | 1 | 1,327,000 | 0 | 0 |
MARKET VECTORS ETF TR | JR GOLD MINERS E | 57061R544 | 32,139 | 760,497 | SH | SOLE | 1 | 760,497 | 0 | 0 | |
MARTIN MARIETTA MATLS INC | COM | 573284106 | 1,994 | 15,100 | SH | SOLE | 1 | 15,100 | 0 | 0 | |
MAZOR ROBOTICS LTD | SPONSORED ADS | 57886P103 | 8,396 | 477,865 | SH | SOLE | 1 | 477,865 | 0 | 0 | |
MCG CAPITAL CORP | COM | 58047P107 | 341 | 87,000 | SH | SOLE | 1 | 87,000 | 0 | 0 | |
MEAD JOHNSON NUTRITION CO | COM | 582839106 | 3,177 | 34,100 | SH | SOLE | 1 | 34,100 | 0 | 0 | |
MEDALLION FINL CORP | COM | 583928106 | 234 | 18,800 | SH | SOLE | 1 | 18,800 | 0 | 0 | |
MEDICINES CO | COM | 584688105 | 2,180 | 75,000 | SH | SOLE | 1 | 75,000 | 0 | 0 | |
MEDIDATA SOLUTIONS INC | COM | 58471A105 | 5,423 | 126,666 | SH | SOLE | 1 | 126,666 | 0 | 0 | |
MEDLEY CAP CORP | COM | 58503F106 | 1,269 | 97,200 | SH | SOLE | 1 | 97,200 | 0 | 0 | |
MELCO CROWN ENTMT LTD | ADR | 585464100 | 46,244 | 1,295,000 | SH | SOLE | 1 | 1,295,000 | 0 | 0 | |
MERCK & CO INC NEW | COM | 58933Y105 | 5,021 | 86,800 | SH | SOLE | 1 | 86,800 | 0 | 0 | |
MERCURY SYS INC | COM | 589378108 | 1,890 | 166,666 | SH | SOLE | 1 | 166,666 | 0 | 0 | |
METHANEX CORP | COM | 59151K108 | 13,686 | 221,534 | SH | SOLE | 1 | 221,534 | 0 | 0 | |
MICRON TECHNOLOGY INC | COM | 595112103 | 23,065 | 700,000 | SH | SOLE | 1 | 700,000 | 0 | 0 | |
MICROSOFT CORP | COM | 594918104 | 92,756 | 2,224,366 | SH | SOLE | 1 | 2,224,366 | 0 | 0 | |
MICROSTRATEGY INC | CL A NEW | 594972408 | 14,063 | 100,007 | SH | SOLE | 1 | 100,007 | 0 | 0 | |
MITEK SYS INC | COM NEW | 606710200 | 54 | 16,358 | SH | SOLE | 1 | 16,358 | 0 | 0 | |
MONDELEZ INTL INC | CL A | 609207105 | 44,633 | 1,186,731 | SH | SOLE | 1 | 1,186,731 | 0 | 0 | |
MONSANTO CO NEW | COM | 61166W101 | 67,160 | 538,404 | SH | SOLE | 1 | 538,404 | 0 | 0 | |
MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | 122,278 | 1,836,840 | SH | SOLE | 1 | 1,836,840 | 0 | 0 | |
NGP CAP RES CO | COM | 62912R107 | 65 | 10,400 | SH | SOLE | 1 | 10,400 | 0 | 0 | |
NII HLDGS INC | CL B NEW | 62913F201 | 174 | 317,200 | SH | SOLE | 1 | 317,200 | 0 | 0 | |
NANOSPHERE INC | COM | 63009F105 | 92 | 58,000 | SH | SOLE | 1 | 58,000 | 0 | 0 | |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 12,434 | 150,997 | SH | SOLE | 1 | 150,997 | 0 | 0 | |
NEONODE INC | COM NEW | 64051M402 | 115 | 36,700 | SH | SOLE | 1 | 36,700 | 0 | 0 | |
NEOPHOTONICS CORP | COM | 64051T100 | 57 | 13,800 | SH | SOLE | 1 | 13,800 | 0 | 0 | |
NEW GOLD INC CDA | COM | 644535106 | 7,365 | 1,156,204 | SH | SOLE | 1 | 1,156,204 | 0 | 0 | |
NEW MTN FIN CORP | COM | 647551100 | 591 | 39,800 | SH | SOLE | 1 | 39,800 | 0 | 0 | |
NEW ORIENTAL ED & TECH GRP I | SPON ADR | 647581107 | 64,007 | 2,409,000 | SH | SOLE | 1 | 2,409,000 | 0 | 0 | |
NICE SYS LTD | SPONSORED ADR | 653656108 | 67,275 | 1,648,502 | SH | SOLE | 1 | 1,648,502 | 0 | 0 | |
NOBLE ENERGY INC | COM | 655044105 | 26,445 | 341,412 | SH | SOLE | 1 | 341,412 | 0 | 0 | |
NOKIA CORP | SPONSORED ADR | 654902204 | 2,646 | 350,000 | SH | SOLE | 1 | 350,000 | 0 | 0 | |
NUANCE COMMUNICATIONS INC | COM | 67020Y100 | 1,984 | 105,717 | SH | SOLE | 1 | 105,717 | 0 | 0 | |
NUANCE COMMUNICATIONS INC | NOTE 2.750%11/0 | 67020YAF7 | 6,023 | 6,000,000 | PRN | SOLE | 1 | 6,000,000 | 0 | 0 | |
OGE ENERGY CORP | COM | 670837103 | 25,316 | 647,800 | SH | SOLE | 1 | 647,800 | 0 | 0 | |
OCCIDENTAL PETE CORP DEL | COM | 674599105 | 3,197 | 31,152 | SH | SOLE | 1 | 31,152 | 0 | 0 | |
ODYSSEY MARINE EXPLORATION I | COM | 676118102 | 143 | 85,000 | SH | SOLE | 1 | 85,000 | 0 | 0 | |
OFFICE DEPOT INC | COM | 676220106 | 17,781 | 3,125,000 | SH | SOLE | 1 | 3,125,000 | 0 | 0 | |
ONCOGENEX PHARMACEUTICALS IN | COM | 68230A106 | 115 | 30,800 | SH | SOLE | 1 | 30,800 | 0 | 0 | |
ONCONOVA THERAPEUTICS INC | COM | 68232V108 | 59 | 10,774 | SH | SOLE | 1 | 10,774 | 0 | 0 | |
OPENTABLE INC | COM | 68372A104 | 7,313 | 70,587 | SH | SOLE | 1 | 70,587 | 0 | 0 | |
OPKO HEALTH INC | COM | 68375N103 | 2,083 | 235,600 | SH | SOLE | 1 | 235,600 | 0 | 0 | |
PAN AMERICAN SILVER CORP | COM | 697900108 | 12,355 | 804,900 | SH | SOLE | 1 | 804,900 | 0 | 0 | |
PARAMOUNT GOLD & SILVER CORP | COM | 69924P102 | 56 | 58,300 | SH | SOLE | 1 | 58,300 | 0 | 0 | |
PC-TEL INC | COM | 69325Q105 | 139 | 17,200 | SH | SOLE | 1 | 17,200 | 0 | 0 | |
PDC ENERGY INC | COM | 69327R101 | 34,575 | 547,501 | SH | SOLE | 1 | 547,501 | 0 | 0 | |
PMFG INC | COM | 69345P103 | 114 | 21,700 | SH | SOLE | 1 | 21,700 | 0 | 0 | |
PENN VA CORP | COM | 707882106 | 101,760 | 6,003,509 | SH | SOLE | 1 | 6,003,509 | 0 | 0 | |
PENN VA CORP | COM | 707882106 | 4,238 | 250,000 | SH | Call | SOLE | 1 | 250,000 | 0 | 0 |
PENNANTPARK FLOATING RATE CA | COM | 70806A106 | 183 | 12,800 | SH | SOLE | 1 | 12,800 | 0 | 0 | |
PENNANTPARK INVT CORP | COM | 708062104 | 489 | 42,700 | SH | SOLE | 1 | 42,700 | 0 | 0 | |
PENNYMAC FINL SVCS INC | CL A | 70932B101 | 2,846 | 187,382 | SH | SOLE | 1 | 187,382 | 0 | 0 | |
PEPSICO INC | COM | 713448108 | 22,230 | 248,826 | SH | SOLE | 1 | 248,826 | 0 | 0 | |
PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | 35,697 | 2,440,000 | SH | Call | SOLE | 1 | 2,440,000 | 0 | 0 |
PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 | 7,309 | 333,000 | SH | SOLE | 1 | 333,000 | 0 | 0 | |
PHILLIPS 66 | COM | 718546104 | 99,316 | 1,234,822 | SH | SOLE | 1 | 1,234,822 | 0 | 0 | |
PIONEER NAT RES CO | COM | 723787107 | 21,616 | 94,059 | SH | SOLE | 1 | 94,059 | 0 | 0 | |
PLY GEM HLDGS INC | COM | 72941W100 | 1,166 | 115,461 | SH | SOLE | 1 | 115,461 | 0 | 0 | |
POLYCOM INC | COM | 73172K104 | 137,919 | 11,007,120 | SH | SOLE | 1 | 11,007,120 | 0 | 0 | |
POPEYES LA KITCHEN INC | COM | 732872106 | 18,794 | 429,959 | SH | SOLE | 1 | 429,959 | 0 | 0 | |
PROSPECT CAPITAL CORPORATION | COM | 74348T102 | 443 | 41,700 | SH | SOLE | 1 | 41,700 | 0 | 0 | |
PRUDENTIAL FINL INC | COM | 744320102 | 2,663 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
QUANTUM CORP | NOTE 3.500%11/1 | 747906AG0 | 130,980 | 130,980,000 | PRN | SOLE | 1 | 130,980,000 | 0 | 0 | |
RF MICRODEVICES INC | COM | 749941100 | 16,942 | 1,766,666 | SH | SOLE | 1 | 1,766,666 | 0 | 0 | |
RACKSPACE HOSTING INC | COM | 750086100 | 8,920 | 265,000 | SH | SOLE | 1 | 265,000 | 0 | 0 | |
RADIAN GROUP INC | COM | 750236101 | 17,508 | 1,182,143 | SH | SOLE | 1 | 1,182,143 | 0 | 0 | |
RADIOSHACK CORP | COM | 750438103 | 137 | 137,900 | SH | SOLE | 1 | 137,900 | 0 | 0 | |
RADISYS CORP | COM | 750459109 | 53 | 15,296 | SH | SOLE | 1 | 15,296 | 0 | 0 | |
RED HAT INC | COM | 756577102 | 9,189 | 166,250 | SH | SOLE | 1 | 166,250 | 0 | 0 | |
REGIONS FINL CORP NEW | COM | 7591EP100 | 10,241 | 964,300 | SH | SOLE | 1 | 964,300 | 0 | 0 | |
RETAILMENOT INC | COM SER 1 | 76132B106 | 34,280 | 1,288,236 | SH | SOLE | 1 | 1,288,236 | 0 | 0 | |
RITE AID CORP | COM | 767754104 | 16,491 | 2,300,000 | SH | SOLE | 1 | 2,300,000 | 0 | 0 | |
ROCK CREEK PHARMACEUTICALS I | COM | 772081105 | 52 | 87,800 | SH | SOLE | 1 | 87,800 | 0 | 0 | |
ROVI CORP | NOTE 2.625% 2/1 | 779376AB8 | 220,563 | 217,437,000 | PRN | SOLE | 1 | 217,437,000< |