UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2007

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:    Fortress Investment Group LLC
Address: 1345 Avenue of the Americas, 46th Flr.
         New York, NY  10105

13F File Number:  28-12421

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:      Randal A. Nardone
Title:     Chief Operating Officer
Phone:     212-798-6100

Signature, Place, and Date of Signing:

      /s/  Randal A. Nardone     New York, NY     February 14, 2008

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         13

Form13F Information Table Entry Total:     366*

Form13F Information Table Value Total:     $4,257,929 (thousands)*

List of Other Included Managers:

* Fortress Investment Group LLC ("Fortress") has requested Confidential
Treatment from the Securities and Exchange Commission ("SEC") on a
security. The Table Entry Total and the Table Total Value listed above
does not reflect this particular entry. Upon the expiration of the period
of the Confidential Treatment requested or upon the rejection of Fortress'
request, Fortress will file an Amended Form 13F consistent with SEC
regulations.

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

No.  13F File Number               Name

1    28-12421                      Fortress Investment Group LLC
2    28-12417                      FIG Corp
3    28-12418                      Fortress Operating Entity I LP
4    28-10806                      FIG LLC
5    28-10807                      Drawbridge Global Macro Advisors LLC
6    28-11237                      Drawbridge Special Opportunities Advisors LLC
7    28-11538                      Fortress Fund MM LLC
8    28-11537                      Fortress Fund MM II LLC
9    28-10162                      FIG Advisors LLC
10   28-12420                      RIC Coinvestment Fund GP LLC
11   28-12416                      Fortress Investment Fund GP Holdings LLC
12   28-12512                      Fortress Fund III GP LLC
13   28-12439                      Fortress Operating Entity II LP



CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THE PUBLIC FORM 13F AND FILED
SEPARATELY WITH THE SEC.

                                    
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
2020 CHINACAP ACQUIRCO INC     COM              90212G109     3147   437000 SH       DEFINED 1 2 3 4 6      437000        0        0
3M CO                          COM              88579Y101      433     5130 SH       DEFINED 1 2 3 4 5        5130        0        0
ADVANCED TECHNOLOGY ACQU COR   UNIT 06/11/2011  007556202    14850  1856250 SH       DEFINED 1 2 3 4 6     1856250        0        0
AGRIUM INC                     COM              008916108     5596    77500 SH       DEFINED 1 2 3 4 5       77500        0        0
AIRCASTLE LTD                  COM              G0129K104   572677 21750002 SH       DEFINED 1 2 11 12 13 21750002        0        0
AIRCASTLE LTD                  COM              G0129K104    95446  3625000 SH       DEFINED 1 2 3 4 5     3625000        0        0
AIRCASTLE LTD                  COM              G0129K104   110215  4185875 SH       DEFINED 1 2 3 4 6     4185875        0        0
AKAMAI TECHNOLOGIES INC        COM              00971T101      270     7800 SH       DEFINED 1 2 3 4 5        7800        0        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108      937    12500 SH       DEFINED 1 2 3 4 6       12500        0        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108     5624    75000 SH       DEFINED 1 2 3 4 5       75000        0        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108      937    12500 SH  PUT  DEFINED 1 2 3 4 6       12500        0        0
ALLIANCE DATA SYSTEMS CORP     COM              018581108     5624    75000 SH  PUT  DEFINED 1 2 3 4 5       75000        0        0
ALTERNATIVE ASSET MGMT ACQU    *W EXP 08/01/201 02149U119      273   210250 SH       DEFINED 1 2 3 4 6      210250        0        0
ALTERNATIVE ASSET MGMT ACQU    COM              02149U101     1376   150300 SH       DEFINED 1 2 3 4 6      150300        0        0
ALTRIA GROUP INC               COM              02209S103     6485    85800 SH       DEFINED 1 2 3 4 5       85800        0        0
AMAZON COM INC                 COM              023135106      463     5000 SH       DEFINED 1 2 3 4 5        5000        0        0
AMBAC FINL GROUP INC           COM              023139108     6443   250000 SH  PUT  DEFINED 1 2 3 4 5      250000        0        0
AMERICA MOVIL SAB DE CV        SPON ADR L SHS   02364W105     6182   100700 SH       DEFINED 1 2 3 4 5      100700        0        0
AMERICAN AXLE & MFG HLDGS IN   COM              024061103    20482  1100000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
AMERICAN INTL GROUP INC        COM              026874107      723    12400 SH       DEFINED 1 2 3 4 5       12400        0        0
AMERICAN PUBLIC EDUCATION IN   COM              02913V103     4596   109996 SH       DEFINED 1 2 3 4 5      109996        0        0
AMERICAN TOWER CORP            CL A             029912201      616    14470 SH       DEFINED 1 2 3 4 5       14470        0        0
ANADARKO PETE CORP             COM              032511107      942    14340 SH       DEFINED 1 2 3 4 5       14340        0        0
ANIXTER INTL INC               COM              035290105      210     3370 SH       DEFINED 1 2 3 4 5        3370        0        0
ANNALY CAP MGMT INC            COM              035710409    12449   684740 SH       DEFINED 1 2 3 4 5      684740        0        0
APACHE CORP                    COM              037411105      255     2370 SH       DEFINED 1 2 3 4 5        2370        0        0
APPLE INC                      COM              037833100     6457    32600 SH       DEFINED 1 2 3 4 5       32600        0        0
APPLIED MATLS INC              COM              038222105      211    11900 SH       DEFINED 1 2 3 4 5       11900        0        0
APPLIED MICRO CIRCUITS CORP    COM NEW          03822W406      109    12475 SH       DEFINED 1 2 3 4 5       12475        0        0
ARCELORMITTAL SA LUXEMBOURG    NY REGISTRY SH   03938L104      240     3100 SH       DEFINED 1 2 3 4 5        3100        0        0
ARCH COAL INC                  COM              039380100      682    15190 SH       DEFINED 1 2 3 4 5       15190        0        0
ARCHER DANIELS MIDLAND CO      COM              039483102     1010    21750 SH       DEFINED 1 2 3 4 5       21750        0        0
ART TECHNOLOGY GROUP INC       COM              04289L107       89    20550 SH       DEFINED 1 2 3 4 5       20550        0        0
ASML HOLDING N V               NY REG SHS       N07059186      729    23300 SH       DEFINED 1 2 3 4 5       23300        0        0
ASSURED GUARANTY LTD           COM              G0585R106     3981   150000 SH       DEFINED 1 2 3 4 5      150000        0        0
ASTORIA FINL CORP              COM              046265104     8833   379600 SH       DEFINED 1 2 3 4 5      379600        0        0
AT&T INC                       COM              00206R102    13835   332900 SH       DEFINED 1 2 3 4 5      332900        0        0
AUTODESK INC                   COM              052769106     1115    22400 SH       DEFINED 1 2 3 4 5       22400        0        0
AVIS BUDGET GROUP              COM              053774105     6566   505100 SH       DEFINED 1 2 3 4 5      505100        0        0
BAKER HUGHES INC               COM              057224107      672     8290 SH       DEFINED 1 2 3 4 5        8290        0        0
BALLY TECHNOLOGIES INC         COM              05874B107    24860   500000 SH       DEFINED 1 2 3 4 5      500000        0        0
BANCO BRADESCO S A             SP ADR PFD NEW   059460303     4634   144800 SH       DEFINED 1 2 3 4 5      144800        0        0
BANCO ITAU HLDG FINANCIERA S   SP ADR 500 PFD   059602201     2133    82500 SH       DEFINED 1 2 3 4 5       82500        0        0
BANK OF AMERICA CORPORATION    COM              060505104      252     6100 SH       DEFINED 1 2 3 4 5        6100        0        0
BANK OF NEW YORK MELLON CORP   COM              064058100     7275   149200 SH       DEFINED 1 2 3 4 5      149200        0        0
BANKATLANTIC BANCORP           CL A             065908501     4258  1038650 SH       DEFINED 1 2 3 4 5     1038650        0        0
BANKUNITED FINL CORP           CL A             06652B103     2781   403100 SH       DEFINED 1 2 3 4 5      403100        0        0
BAXTER INTL INC                COM              071813109      406     7000 SH       DEFINED 1 2 3 4 5        7000        0        0
BCE INC                        COM NEW          05534B760     1490    37500 SH       DEFINED 1 2 3 4 5       37500        0        0
BCE INC                        COM NEW          05534B760      373     9375 SH       DEFINED 1 2 3 4 6        9375        0        0
BEAR STEARNS COS INC           COM              073902108      831     9420 SH       DEFINED 1 2 3 4 5        9420        0        0
BEST BUY INC                   COM              086516101      284     5400 SH       DEFINED 1 2 3 4 5        5400        0        0
BJS WHOLESALE CLUB INC         COM              05548J106     5920   175000 SH       DEFINED 1 2 3 4 5      175000        0        0
BOEING CO                      COM              097023105      339     3880 SH       DEFINED 1 2 3 4 5        3880        0        0
BP PLC                         SPONSORED ADR    055622104      212     2900 SH       DEFINED 1 2 3 4 5        2900        0        0
BROOKDALE SR LIVING INC        COM              112463104   500040 17600867 SH       DEFINED 1 2 10 13    17600867        0        0
BROOKDALE SR LIVING INC        COM              112463104     3551   125000 SH       DEFINED 1 2 3 4 6      125000        0        0
BROOKDALE SR LIVING INC        COM              112463104     3551   125000 SH       DEFINED 1 2 3 4 5      125000        0        0
BROOKDALE SR LIVING INC        COM              112463104   944007 33228000 SH       DEFINED 1 2 3 4 8 9  33228000        0        0
BROOKDALE SR LIVING INC        COM              112463104   282083  9929000 SH       DEFINED 1 2 3 4 7 9   9929000        0        0
CABLEVISION SYS CORP           CL A NY CABLVS   12686C109      490    20000 SH       DEFINED 1 2 3 4 5       20000        0        0
CAMERON INTERNATIONAL CORP     COM              13342B105      634    13180 SH       DEFINED 1 2 3 4 5       13180        0        0
CANO PETE INC                  COM              137801106     6854   994800 SH       DEFINED 1 2 3 4 5      994800        0        0
CANO PETE INC                  COM              137801106      386    56000 SH       DEFINED 1 2 3 4 6       56000        0        0
CAPITOL ACQUISITION CORP DEL   *W EXP 11/08/201 14055E112      660   750000 SH       DEFINED 1 2 3 4 6      750000        0        0
CAPITOL ACQUISITION CORP DEL   COM              14055E104     9000  1000000 SH       DEFINED 1 2 3 4 6     1000000        0        0
CAPITOL ACQUISITION CORP DEL   UNIT 07/24/2012  14055E203     4915   500000 SH       DEFINED 1 2 3 4 5      500000        0        0
CARDTRONICS INC                COM              14161H108     3397   336000 SH       DEFINED 1 2 3 4 5      336000        0        0
CAREER EDUCATION CORP          COM              141665109     2514   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
CBIZ INC                       COM              124805102      117    11920 SH       DEFINED 1 2 3 4 5       11920        0        0
CENTURY ALUM CO                COM              156431108     1618    30000 SH       DEFINED 1 2 3 4 5       30000        0        0
CEPHEID                        COM              15670R107      202     7680 SH       DEFINED 1 2 3 4 5        7680        0        0
CERADYNE INC                   COM              156710105      521    11109 SH       DEFINED 1 2 3 4 5       11109        0        0
CERADYNE INC                   COM              156710105      498    10600 SH       DEFINED 1 2 3 4 6       10600        0        0
CF INDS HLDGS INC              COM              125269100    12217   111000 SH       DEFINED 1 2 3 4 5      111000        0        0
CHAMPION ENTERPRISES INC       COM              158496109     1884   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
CHEESECAKE FACTORY INC         COM              163072101     1186    50000 SH       DEFINED 1 2 3 4 5       50000        0        0
CHESAPEAKE ENERGY CORP         COM              165167107     1715    43750 SH       DEFINED 1 2 3 4 5       43750        0        0
CHINA HLDGS ACQUISITION CORP   UNIT 99/99/9999  16942N205     9652   990000 SH       DEFINED 1 2 3 4 6      990000        0        0
CINCINNATI BELL INC NEW        COM              171871106       64    13520 SH       DEFINED 1 2 3 4 5       13520        0        0
CITIGROUP INC                  COM              172967101     1060    36000 SH       DEFINED 1 2 3 4 5       36000        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102    60625  1756230 SH       DEFINED 1 2 3 4 5     1756230        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102    13083   379000 SH       DEFINED 1 2 3 4 6      379000        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102    48673  1410000 SH  PUT  DEFINED 1 2 3 4 5     1410000        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102    10667   309000 SH  PUT  DEFINED 1 2 3 4 6      309000        0        0
COCA COLA CO                   COM              191216100    10801   176000 SH       DEFINED 1 2 3 4 5      176000        0        0
COEUR D ALENE MINES CORP IDA   COM              192108108       93    18900 SH       DEFINED 1 2 3 4 5       18900        0        0
COGNIZANT TECHNOLOGY SOLUTIO   CL A             192446102     6788   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
COLGATE PALMOLIVE CO           COM              194162103      359     4600 SH       DEFINED 1 2 3 4 5        4600        0        0
COLLECTIVE BRANDS INC          COM              19421W100     5198   298900 SH       DEFINED 1 2 3 4 5      298900        0        0
COLUMBUS ACQUISITION CORP      *W EXP 05/18/201 198851115       40    72700 SH       DEFINED 1 2 3 4 6       72700        0        0
COLUMBUS ACQUISITION CORP      COM              198851107     2226   300000 SH       DEFINED 1 2 3 4 6      300000        0        0
COMCAST CORP NEW               CL A             20030N101      624    34200 SH       DEFINED 1 2 3 4 5       34200        0        0
COMMSCOPE INC                  COM              203372107      389     7910 SH       DEFINED 1 2 3 4 5        7910        0        0
COMPANHIA VALE DO RIO DOCE     SPONSORED ADR    204412209     2614    80000 SH       DEFINED 1 2 3 4 5       80000        0        0
CONSOL ENERGY INC              COM              20854P109      674     9430 SH       DEFINED 1 2 3 4 5        9430        0        0
COSAN LTD                      SHS A            G25343107      439    34820 SH       DEFINED 1 2 3 4 5       34820        0        0
COVENTRY HEALTH CARE INC       COM              222862104      510     8600 SH       DEFINED 1 2 3 4 6        8600        0        0
CROWN HOLDINGS INC             COM              228368106     8316   324200 SH       DEFINED 1 2 3 4 6      324200        0        0
CULLEN FROST BANKERS INC       COM              229899109     4608    90960 SH       DEFINED 1 2 3 4 5       90960        0        0
CVS CAREMARK CORPORATION       COM              126650100      855    21500 SH       DEFINED 1 2 3 4 5       21500        0        0
D R HORTON INC                 COM              23331A109     4388   333200 SH       DEFINED 1 2 3 4 5      333200        0        0
DANAOS CORPORATION             SHS              Y1968P105     5307   200946 SH       DEFINED 1 2 3 4 6      200946        0        0
DARLING INTL INC               COM              237266101      298    25800 SH       DEFINED 1 2 3 4 5       25800        0        0
DATA DOMAIN INC                COM              23767P109     3951   150000 SH       DEFINED 1 2 3 4 5      150000        0        0
DAVITA INC                     COM              23918K108      564    10000 SH       DEFINED 1 2 3 4 5       10000        0        0
DEALERTRACK HLDGS INC          COM              242309102     2845    85000 SH       DEFINED 1 2 3 4 5       85000        0        0
DEVON ENERGY CORP NEW          COM              25179M103      775     8720 SH       DEFINED 1 2 3 4 5        8720        0        0
DIAMOND OFFSHORE DRILLING IN   COM              25271C102     7194    50660 SH       DEFINED 1 2 3 4 5       50660        0        0
DIAMOND OFFSHORE DRILLING IN   COM              25271C102     1065     7500 SH       DEFINED 1 2 3 4 6        7500        0        0
DOUBLE-TAKE SOFTWARE INC       COM              258598101      448    20626 SH       DEFINED 1 2 3 4 5       20626        0        0
DOW CHEM CO                    COM              260543103      260     6600 SH       DEFINED 1 2 3 4 5        6600        0        0
DSW INC                        CL A             23334L102      938    50000 SH       DEFINED 1 2 3 4 5       50000        0        0
DXP ENTERPRISES INC NEW        COM NEW          233377407      304     6521 SH       DEFINED 1 2 3 4 5        6521        0        0
E M C CORP MASS                COM              268648102      395    21300 SH       DEFINED 1 2 3 4 5       21300        0        0
EASTMAN CHEM CO                COM              277432100      476     7800 SH       DEFINED 1 2 3 4 6        7800        0        0
EATON CORP                     COM              278058102      430     4440 SH       DEFINED 1 2 3 4 5        4440        0        0
EBAY INC                       COM              278642103     2436    73400 SH       DEFINED 1 2 3 4 5       73400        0        0
EDISON INTL                    COM              281020107      592    11100 SH       DEFINED 1 2 3 4 5       11100        0        0
EL PASO CORP                   COM              28336L109    15619   905970 SH       DEFINED 1 2 3 4 5      905970        0        0
EL PASO CORP                   COM              28336L109     1638    95000 SH       DEFINED 1 2 3 4 6       95000        0        0
ELIZABETH ARDEN INC            COM              28660G106      464    22800 SH       DEFINED 1 2 3 4 6       22800        0        0
EMBARQ CORP                    COM              29078E105     6340   128000 SH       DEFINED 1 2 3 4 5      128000        0        0
ENDURANCE SPECIALTY HLDGS LT   SHS              G30397106      500    12000 SH       DEFINED 1 2 3 4 6       12000        0        0
ENSCO INTL INC                 COM              26874Q100      388     6500 SH       DEFINED 1 2 3 4 5        6500        0        0
ENSCO INTL INC                 COM              26874Q100      524     8800 SH       DEFINED 1 2 3 4 6        8800        0        0
ENTERPRISE ACQUISITION CORP    UNIT 99/99/9999  29365R207     2010   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
ENTERPRISE ACQUISITION CORP    UNIT 99/99/9999  29365R207     5000   500000 SH       DEFINED 1 2 3 4 6      500000        0        0
EOG RES INC                    COM              26875P101      881     9870 SH       DEFINED 1 2 3 4 5        9870        0        0
ESTERLINE TECHNOLOGIES CORP    COM              297425100      518    10000 SH       DEFINED 1 2 3 4 6       10000        0        0
EVOLUTION PETROLEUM CORP       COM              30049A107     6868  1360000 SH       DEFINED 1 2 3 4 5     1360000        0        0
EXCO RESOURCES INC             COM              269279402    11480   741600 SH       DEFINED 1 2 3 4 5      741600        0        0
EXCO RESOURCES INC             COM              269279402     2173   140400 SH       DEFINED 1 2 3 4 6      140400        0        0
EXELON CORP                    COM              30161N101      286     3500 SH       DEFINED 1 2 3 4 5        3500        0        0
EXPEDIA INC DEL                COM              30212P105      411    13000 SH       DEFINED 1 2 3 4 5       13000        0        0
EXPRESS SCRIPTS INC            COM              302182100      584     8000 SH       DEFINED 1 2 3 4 5        8000        0        0
FEDEX CORP                     COM              31428X106      401     4500 SH       DEFINED 1 2 3 4 5        4500        0        0
FINISH LINE INC                CL A             317923100      484   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
FOCUS MEDIA HLDG LTD           SPONSORED ADR    34415V109     5170    91000 SH       DEFINED 1 2 3 4 5       91000        0        0
FOCUS MEDIA HLDG LTD           SPONSORED ADR    34415V109      488     8600 SH       DEFINED 1 2 3 4 6        8600        0        0
FOREST LABS INC                COM              345838106      992    27200 SH       DEFINED 1 2 3 4 6       27200        0        0
FORESTAR REAL ESTATE GROUP I   COM              346233109      629    26666 SH       DEFINED 1 2 3 4 5       26666        0        0
FORMFACTOR INC                 COM              346375108     2814    85000 SH       DEFINED 1 2 3 4 5       85000        0        0
FORTUNE BRANDS INC             COM              349631101      434     6000 SH       DEFINED 1 2 3 4 5        6000        0        0
FREEPORT-MCMORAN COPPER & GO   COM              35671D857      205     2000 SH       DEFINED 1 2 3 4 5        2000        0        0
FRESH DEL MONTE PRODUCE INC    ORD              G36738105      524    15600 SH       DEFINED 1 2 3 4 6       15600        0        0
GATEHOUSE MEDIA INC            COM              367348109     8130   925800 SH       DEFINED 1 2 3 4 6      925800        0        0
GATEHOUSE MEDIA INC            COM              367348109   193599 22050000 SH       DEFINED 1 2 11 12 13 22050000        0        0
GATEHOUSE MEDIA INC            COM              367348109    11713  1334011 SH       DEFINED 1 2 3 4 5     1334011        0        0
GENERAL CABLE CORP DEL NEW     COM              369300108      300     4100 SH       DEFINED 1 2 3 4 5        4100        0        0
GENERAL ELECTRIC CO            COM              369604103      434    11700 SH       DEFINED 1 2 3 4 5       11700        0        0
GENZYME CORP                   COM              372917104      259     3480 SH       DEFINED 1 2 3 4 5        3480        0        0
GENZYME CORP                   COM              372917104      506     6800 SH       DEFINED 1 2 3 4 6        6800        0        0
GLOBAL BRANDS ACQUISITION CO   UNIT 99/99/9999  378982201     7056   700000 SH       DEFINED 1 2 3 4 5      700000        0        0
GLOBAL BRANDS ACQUISITION CO   UNIT 99/99/9999  378982201    15120  1500000 SH       DEFINED 1 2 3 4 6     1500000        0        0
GLOBAL CONSUMER ACQST CORP     UNIT 99/99/9999  378983209      370    37500 SH       DEFINED 1 2 3 4 6       37500        0        0
GOLDEN POND HEALTHCARE INC     UNIT 99/99/9999  38116J208     5888   750000 SH       DEFINED 1 2 3 4 6      750000        0        0
GOOGLE INC                     CL A             38259P508     6915    10000 SH       DEFINED 1 2 3 4 5       10000        0        0
GRAFTECH INTL LTD              COM              384313102     4430   249600 SH       DEFINED 1 2 3 4 6      249600        0        0
GUARANTY FINL GROUP INC        COM              40108N106      427    26666 SH       DEFINED 1 2 3 4 5       26666        0        0
HALLIBURTON CO                 COM              406216101      318     8400 SH       DEFINED 1 2 3 4 5        8400        0        0
HALLIBURTON CO                 COM              406216101      910    24000 SH       DEFINED 1 2 3 4 6       24000        0        0
HANESBRANDS INC                COM              410345102     6121   225300 SH       DEFINED 1 2 3 4 5      225300        0        0
HANESBRANDS INC                COM              410345102     5434   200000 SH  PUT  DEFINED 1 2 3 4 5      200000        0        0
HARRAHS ENTMT INC              COM              413619107    32110   361800 SH       DEFINED 1 2 3 4 5      361800        0        0
HARRAHS ENTMT INC              COM              413619107    12842   144700 SH       DEFINED 1 2 3 4 6      144700        0        0
HARTFORD FINL SVCS GROUP INC   COM              416515104      258     2960 SH       DEFINED 1 2 3 4 5        2960        0        0
HEADWATERS INC                 COM              42210P102      470    40000 SH       DEFINED 1 2 3 4 6       40000        0        0
HECKMANN CORP                  UNIT 99/99/9999  422680207     5031   625000 SH       DEFINED 1 2 3 4 5      625000        0        0
HECKMANN CORP                  UNIT 99/99/9999  422680207    10062  1250000 SH       DEFINED 1 2 3 4 6     1250000        0        0
HEINZ H J CO                   COM              423074103    10662   228400 SH       DEFINED 1 2 3 4 5      228400        0        0
HELIX ENERGY SOLUTIONS GRP I   COM              42330P107      490    11800 SH       DEFINED 1 2 3 4 6       11800        0        0
HERBALIFE LTD                  COM USD SHS      G4412G101     4028   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
HERBALIFE LTD                  COM USD SHS      G4412G101      966    24000 SH       DEFINED 1 2 3 4 6       24000        0        0
HESS CORP                      COM              42809H107      686     6800 SH       DEFINED 1 2 3 4 5        6800        0        0
HEWLETT PACKARD CO             COM              428236103     2595    51400 SH       DEFINED 1 2 3 4 5       51400        0        0
HICKS ACQUISITION CO I INC     COM              429086309     5514   600000 SH       DEFINED 1 2 3 4 6      600000        0        0
HIGHLANDS ACQUISITION CORP     *W EXP 10/03/201 430880112      140   200000 SH       DEFINED 1 2 3 4 6      200000        0        0
HIGHLANDS ACQUISITION CORP     COM              430880104     3600   400000 SH       DEFINED 1 2 3 4 6      400000        0        0
HIMAX TECHNOLOGIES INC         SPONSORED ADR    43289P106      498   116600 SH       DEFINED 1 2 3 4 6      116600        0        0
IDEATION ACQUISITION CORP      UNIT 99/99/9999  451665202     1962   250000 SH       DEFINED 1 2 3 4 6      250000        0        0
ILLUMINA INC                   COM              452327109      291     4910 SH       DEFINED 1 2 3 4 5        4910        0        0
INFORMATION SERVICES GROUP I   COM              45675Y104     3559   519600 SH       DEFINED 1 2 3 4 6      519600        0        0
INSITUFORM TECHNOLOGIES INC    CL A             457667103    10582   715000 SH       DEFINED 1 2 3 4 5      715000        0        0
INTEL CORP                     COM              458140100     4207   157800 SH       DEFINED 1 2 3 4 5      157800        0        0
ISHARES TR                     DJ US TELECOMM   464287713    22701   769000 SH       DEFINED 1 2 3 4 5      769000        0        0
ISHARES TR                     MSCI EMERG MKT   464287234    21718   144500 SH       DEFINED 1 2 3 4 5      144500        0        0
ISHARES TR                     RUSSELL 2000     464287655     7592   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
ISIS PHARMACEUTICALS INC       COM              464330109      204    12960 SH       DEFINED 1 2 3 4 5       12960        0        0
ITT EDUCATIONAL SERVICES INC   COM              45068B109      426     5000 SH       DEFINED 1 2 3 4 6        5000        0        0
JAMES RIVER COAL CO            COM NEW          470355207      814    72770 SH       DEFINED 1 2 3 4 5       72770        0        0
JONES LANG LASALLE INC         COM              48020Q107      982    13800 SH       DEFINED 1 2 3 4 6       13800        0        0
JOS A BANK CLOTHIERS INC       COM              480838101     1110    39000 SH       DEFINED 1 2 3 4 6       39000        0        0
KAPSTONE PAPER & PACKAGING C   COM              48562P103     3430   490000 SH       DEFINED 1 2 3 4 5      490000        0        0
KBL HEALTHCARE ACQUIS CORP I   UNIT 99/99/9999  48241N206     5041   658100 SH       DEFINED 1 2 3 4 6      658100        0        0
KELLOGG CO                     COM              487836108      456     8700 SH       DEFINED 1 2 3 4 5        8700        0        0
KEYCORP NEW                    COM              493267108      296    12635 SH       DEFINED 1 2 3 4 5       12635        0        0
KNOLOGY INC                    COM              499183804      607    47508 SH       DEFINED 1 2 3 4 5       47508        0        0
KODIAK OIL & GAS CORP          COM              50015Q100      286   130000 SH       DEFINED 1 2 3 4 5      130000        0        0
KRAFT FOODS INC                CL A             50075N104     8588   263200 SH       DEFINED 1 2 3 4 5      263200        0        0
KRAFT FOODS INC                CL A             50075N104     8810   270000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
KROGER CO                      COM              501044101      255     9560 SH       DEFINED 1 2 3 4 5        9560        0        0
LEHMAN BROS HLDGS INC          COM              524908100     2218    33900 SH       DEFINED 1 2 3 4 5       33900        0        0
LOCKHEED MARTIN CORP           COM              539830109      200     1900 SH       DEFINED 1 2 3 4 5        1900        0        0
LONGTOP FINL TECHNOLOGIES LT   ADR              54318P108     1331    56200 SH       DEFINED 1 2 3 4 5       56200        0        0
M & F WORLDWIDE CORP           COM              552541104      296     5500 SH       DEFINED 1 2 3 4 5        5500        0        0
M & T BK CORP                  COM              55261F104      516     6327 SH       DEFINED 1 2 3 4 5        6327        0        0
MACYS INC                      COM              55616P104      269    10400 SH       DEFINED 1 2 3 4 5       10400        0        0
MARATHON ACQUISITION CORP      COM              565756103    10892  1400000 SH       DEFINED 1 2 3 4 6     1400000        0        0
MASTERCARD INC                 CL A             57636Q104     4304    20000 SH       DEFINED 1 2 3 4 5       20000        0        0
MBF HEALTHCARE ACQUISITION C   *W EXP 04/16/201 552650111      429   587500 SH       DEFINED 1 2 3 4 6      587500        0        0
MBF HEALTHCARE ACQUISITION C   COM              552650103     9132  1200000 SH       DEFINED 1 2 3 4 6     1200000        0        0
MBIA INC                       COM              55262C100     4835   250000 SH  PUT  DEFINED 1 2 3 4 5      250000        0        0
MCGRAW HILL COS INC            COM              580645109      613    14000 SH       DEFINED 1 2 3 4 5       14000        0        0
MEMC ELECTR MATLS INC          COM              552715104      283     3200 SH       DEFINED 1 2 3 4 5        3200        0        0
METABOLIX INC                  COM              591018809      205     8600 SH       DEFINED 1 2 3 4 5        8600        0        0
METLIFE INC                    COM              59156R108      271     4400 SH       DEFINED 1 2 3 4 5        4400        0        0
MICREL INC                     COM              594793101       88    10410 SH       DEFINED 1 2 3 4 5       10410        0        0
MIDWEST AIR GROUP INC          COM              597911106      830    56050 SH       DEFINED 1 2 3 4 5       56050        0        0
MIRAMAR MINING CORP            COM              60466E100     1467   233728 SH       DEFINED 1 2 3 4 5      233728        0        0
MIRANT CORP NEW                COM              60467R100    33133   850000 SH       DEFINED 1 2 3 4 6      850000        0        0
MOOG INC                       CL A             615394202      449     9800 SH       DEFINED 1 2 3 4 5        9800        0        0
MORGAN STANLEY CHINA A SH FD   COM              617468103     1212    24000 SH       DEFINED 1 2 3 4 5       24000        0        0
MOSAIC CO                      COM              61945A107    11387   120700 SH       DEFINED 1 2 3 4 5      120700        0        0
NASTECH PHARMACEUTICAL INC     COM PAR $0.006   631728409      132    34810 SH       DEFINED 1 2 3 4 5       34810        0        0
NATIONAL FUEL GAS CO N J       COM              636180101      504    10790 SH       DEFINED 1 2 3 4 5       10790        0        0
NATIONAL OILWELL VARCO INC     COM              637071101      276     3760 SH       DEFINED 1 2 3 4 5        3760        0        0
NAVIOS MARITIME HOLDINGS INC   COM              Y62196103      355    29000 SH       DEFINED 1 2 3 4 6       29000        0        0
NAVIOS MARITIME HOLDINGS INC   COM              Y62196103     4585   374305 SH       DEFINED 1 2 3 4 5      374305        0        0
NAVISTAR INTL CORP (NEW)       COM              63934E108    21582   398200 SH       DEFINED 1 2 3 4 6      398200        0        0
NEUSTAR INC                    CL A             64126X201     1010    35200 SH       DEFINED 1 2 3 4 6       35200        0        0
NEWCASTLE INVT CORP            COM              65105M108     2483   191600 SH       DEFINED 1 2 3 4 6      191600        0        0
NEWCASTLE INVT CORP            COM              65105M108    13293  1025729 SH       DEFINED 1             1025729        0        0
NEWFIELD EXPL CO               COM              651290108      485     9200 SH       DEFINED 1 2 3 4 5        9200        0        0
NEXEN INC                      COM              65334H102     6293   195000 SH       DEFINED 1 2 3 4 5      195000        0        0
NEXEN INC                      COM              65334H102      895    27750 SH       DEFINED 1 2 3 4 6       27750        0        0
NICOR INC                      COM              654086107      244     5760 SH       DEFINED 1 2 3 4 5        5760        0        0
NICOR INC                      COM              654086107      492    11600 SH       DEFINED 1 2 3 4 6       11600        0        0
NOBLE ENERGY INC               COM              655044105      270     3390 SH       DEFINED 1 2 3 4 5        3390        0        0
NORFOLK SOUTHERN CORP          COM              655844108      247     4890 SH       DEFINED 1 2 3 4 5        4890        0        0
NORTHWESTERN CORP              COM NEW          668074305    11098   376196 SH       DEFINED 1 2 3 4 5      376196        0        0
NOVAMERICAN STEEL INC          COM              66986M100      889   206058 SH       DEFINED 1 2 3 4 6      206058        0        0
NTR ACQUISITION CO             COM              629415100     6002   631800 SH       DEFINED 1 2 3 4 6      631800        0        0
NYMEX HOLDINGS INC             COM              62948N104     1136     8500 SH       DEFINED 1 2 3 4 6        8500        0        0
NYMEX HOLDINGS INC             COM              62948N104     5344    40000 SH       DEFINED 1 2 3 4 5       40000        0        0
OCH ZIFF CAP MGMT GROUP        CL A             67551U105     9508   361800 SH       DEFINED 1 2 3 4 5      361800        0        0
ODYSSEY MARINE EXPLORATION I   COM              676118102    25373  4099059 SH       DEFINED 1 2 3 4 5     4099059        0        0
ODYSSEY MARINE EXPLORATION I   COM              676118102     1189   192000 SH       DEFINED 1 2 3 4 6      192000        0        0
OGE ENERGY CORP                COM              670837103      508    14000 SH       DEFINED 1 2 3 4 6       14000        0        0
OIL SVC HOLDRS TR              DEPOSTRY RCPT    678002106      756     4000 SH       DEFINED 1 2 3 4 5        4000        0        0
ONEOK INC NEW                  COM              682680103      984    22000 SH       DEFINED 1 2 3 4 6       22000        0        0
OSHKOSH TRUCK CORP             COM              688239201      298     6300 SH       DEFINED 1 2 3 4 5        6300        0        0
PACCAR INC                     COM              693718108      202     3700 SH       DEFINED 1 2 3 4 5        3700        0        0
PAETEC HOLDING CORP            COM              695459107     2772   284323 SH       DEFINED 1 2 3 4 5      284323        0        0
PARAGON SHIPPING INC           CL A             69913R309      546    30000 SH       DEFINED 1 2 3 4 6       30000        0        0
PARAGON SHIPPING INC           CL A             69913R309     3915   215000 SH       DEFINED 1 2 3 4 5      215000        0        0
PEABODY ENERGY CORP            COM              704549104      862    13980 SH       DEFINED 1 2 3 4 5       13980        0        0
PENN NATL GAMING INC           COM              707569109     9373   157396 SH       DEFINED 1 2 13         157396        0        0
PENNEY J C INC                 COM              708160106      431     9800 SH       DEFINED 1 2 3 4 5        9800        0        0
PENTAIR INC                    COM              709631105      696    20000 SH       DEFINED 1 2 3 4 5       20000        0        0
PEOPLES UNITED FINANCIAL INC   COM              712704105      718    40355 SH       DEFINED 1 2 3 4 5       40355        0        0
PEOPLESUPPORT INC              COM              712714302     4866   355700 SH       DEFINED 1 2 3 4 5      355700        0        0
PEPSICO INC                    COM              713448108     6755    89000 SH       DEFINED 1 2 3 4 5       89000        0        0
PG&E CORP                      COM              69331C108      237     5500 SH       DEFINED 1 2 3 4 5        5500        0        0
PHARMERICA CORP                COM              71714F104      169    12200 SH       DEFINED 1 2 3 4 5       12200        0        0
PLAINS EXPL& PRODTN CO         COM              726505100      276     5104 SH       DEFINED 1 2 3 4 5        5104        0        0
PLATINUM GROUP METALS LTD      COM NEW          72765Q205      562   139894 SH       DEFINED 1 2 3 4 5      139894        0        0
PNC FINL SVCS GROUP INC        COM              693475105      279     4256 SH       DEFINED 1 2 3 4 5        4256        0        0
POWERSHS DB MULTI SECT COMM    DB AGRICULT FD   73936B408      564    17100 SH       DEFINED 1 2 3 4 5       17100        0        0
PRECISION CASTPARTS CORP       COM              740189105      617     4450 SH       DEFINED 1 2 3 4 5        4450        0        0
PRICE T ROWE GROUP INC         COM              74144T108      262     4300 SH       DEFINED 1 2 3 4 5        4300        0        0
PRIMEDIA INC                   COM NEW          74157K846      176    20737 SH       DEFINED 1 2 3 4 5       20737        0        0
PROSPECT ACQUISITION CORP      UNIT 99/99/9999  74347T202     9053   924800 SH       DEFINED 1 2 3 4 6      924800        0        0
PROSPECT ACQUISITION CORP      COM              74347T103     1820   200000 SH       DEFINED 1 2 3 4 6      200000        0        0
PROSPERITY BANCSHARES INC      COM              743606105     6025   205000 SH       DEFINED 1 2 3 4 5      205000        0        0
PROTALIX BIOTHERAPEUTICS INC   COM              74365A101       46    13528 SH       DEFINED 1 2 3 4 5       13528        0        0
QUESTAR CORP                   COM              748356102      251     4640 SH       DEFINED 1 2 3 4 5        4640        0        0
QUICKSILVER RESOURCES INC      COM              74837R104      586     9840 SH       DEFINED 1 2 3 4 5        9840        0        0
QUIKSILVER INC                 COM              74838C106       97    11300 SH       DEFINED 1 2 3 4 5       11300        0        0
QUILMES INDL QUINSA SOCIETE    SP ADR CL B      74838Y207    27884   343182 SH       DEFINED 1 2 3 4 5      343182        0        0
QUINTANA MARITIME LTD          SHS              Y7169G109     4366   190000 SH       DEFINED 1 2 3 4 5      190000        0        0
QUINTANA MARITIME LTD          SHS              Y7169G109      919    40000 SH       DEFINED 1 2 3 4 6       40000        0        0
QWEST COMMUNICATIONS INTL IN   COM              749121109      217    30900 SH       DEFINED 1 2 3 4 5       30900        0        0
RADIOSHACK CORP                COM              750438103    10116   600000 SH       DEFINED 1 2 3 4 5      600000        0        0
RELIANCE STEEL & ALUMINUM CO   COM              759509102      998    18400 SH       DEFINED 1 2 3 4 6       18400        0        0
RESEARCH IN MOTION LTD         COM              760975102     2846    25100 SH       DEFINED 1 2 3 4 5       25100        0        0
ROCKWELL COLLINS INC           COM              774341101      589     8180 SH       DEFINED 1 2 3 4 5        8180        0        0
SBA COMMUNICATIONS CORP        COM              78388J106     7154   211400 SH       DEFINED 1 2 3 4 5      211400        0        0
SCHLUMBERGER LTD               COM              806857108     1169    11880 SH       DEFINED 1 2 3 4 5       11880        0        0
SEAGATE TECHNOLOGY             SHS              G7945J104      416    16300 SH       DEFINED 1 2 3 4 5       16300        0        0
SELECT SECTOR SPDR TR          SBI CONS STPLS   81369Y308      576    20000 SH       DEFINED 1 2 3 4 5       20000        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605      246     8500 SH       DEFINED 1 2 3 4 5        8500        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    28930  1000000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
SELECT SECTOR SPDR TR          SBI INT-INDS     81369Y704    16721   427000 SH       DEFINED 1 2 3 4 5      427000        0        0
SELECT SECTOR SPDR TR          SBI INT-TECH     81369Y803     5705   214000 SH       DEFINED 1 2 3 4 5      214000        0        0
SHERWIN WILLIAMS CO            COM              824348106      395     6800 SH       DEFINED 1 2 3 4 5        6800        0        0
SLM CORP                       COM              78442P106    23717  1177600 SH       DEFINED 1 2 3 4 5     1177600        0        0
SMITH INTL INC                 COM              832110100     1280    17330 SH       DEFINED 1 2 3 4 5       17330        0        0
SOUTHWESTERN ENERGY CO         COM              845467109    25289   453860 SH       DEFINED 1 2 3 4 5      453860        0        0
SPDR TR                        UNIT SER 1       78462F103      292     2000 SH       DEFINED 1 2 3 4 5        2000        0        0
SPRINT NEXTEL CORP             COM SER 1        852061100      450    34200 SH       DEFINED 1 2 3 4 6       34200        0        0
SPRINT NEXTEL CORP             COM SER 1        852061100      748    57000 SH       DEFINED 1 2 3 4 5       57000        0        0
STANDARD PAC CORP NEW          COM              85375C101     6624  1977404 SH       DEFINED 1 2 3 4 5     1977404        0        0
STAPLES INC                    COM              855030102      288    12500 SH       DEFINED 1 2 3 4 5       12500        0        0
STAR BULK CARRIERS CORP        COM              Y8162K105      226    17592 SH       DEFINED 1 2 3 4 5       17592        0        0
STARENT NETWORKS CORP          COM              85528P108     1825   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
STARWOOD HOTELS&RESORTS WRLD   COM              85590A401     1220    27700 SH       DEFINED 1 2 3 4 6       27700        0        0
STARWOOD HOTELS&RESORTS WRLD   COM              85590A401    13654   310100 SH       DEFINED 1 2 3 4 5      310100        0        0
STATE STR CORP                 COM              857477103     9013   111000 SH       DEFINED 1 2 3 4 5      111000        0        0
STERLING BANCSHARES INC        COM              858907108     3797   340250 SH       DEFINED 1 2 3 4 5      340250        0        0
STONELEIGH PARTNERS ACQUS CO   *W EXP 05/31/201 861923126      350   500000 SH       DEFINED 1 2 3 4 6      500000        0        0
STONELEIGH PARTNERS ACQUS CO   COM              861923100     9319  1247500 SH       DEFINED 1 2 3 4 6     1247500        0        0
STREETTRACKS GOLD TR           GOLD SHS         863307104     7663    92933 SH       DEFINED 1 2 3 4 5       92933        0        0
SYCAMORE NETWORKS INC          COM              871206108      149    38920 SH       DEFINED 1 2 3 4 5       38920        0        0
SYMANTEC CORP                  COM              871503108      271    16800 SH       DEFINED 1 2 3 4 5       16800        0        0
SYNIVERSE HLDGS INC            COM              87163F106      514    33000 SH       DEFINED 1 2 3 4 6       33000        0        0
TARGA RESOURCES PARTNERS LP    COM UNIT         87611X105    15028   507347 SH       DEFINED 1 2 3 4 6      507347        0        0
TELUS CORP                     NON-VTG SHS      87971M202     1448    30000 SH       DEFINED 1 2 3 4 5       30000        0        0
TEMPLE INLAND INC              COM              879868107      417    20000 SH       DEFINED 1 2 3 4 6       20000        0        0
TEMPLE INLAND INC              COM              879868107     1668    80000 SH       DEFINED 1 2 3 4 5       80000        0        0
TEREX CORP NEW                 COM              880779103     1022    15600 SH       DEFINED 1 2 3 4 6       15600        0        0
TERREMARK WORLDWIDE INC        COM NEW          881448203      164    25220 SH       DEFINED 1 2 3 4 5       25220        0        0
TEVA PHARMACEUTICAL INDS LTD   ADR              881624209      312     6721 SH       DEFINED 1 2 3 4 5        6721        0        0
THERMO FISHER SCIENTIFIC INC   COM              883556102      588    10200 SH       DEFINED 1 2 3 4 5       10200        0        0
TIERONE CORP                   COM              88650R108      573    25885 SH       DEFINED 1 2 3 4 5       25885        0        0
TORO CO                        COM              891092108      202     3710 SH       DEFINED 1 2 3 4 5        3710        0        0
TRANSOCEAN INC NEW             SHS              G90073100      476     3323 SH       DEFINED 1 2 3 4 5        3323        0        0
TREEHOUSE FOODS INC            COM              89469A104     8158   354830 SH       DEFINED 1 2 3 4 5      354830        0        0
TREMISIS ENERGY ACQ CORP II    UNIT 99/99/9999  89472N200     8701  1100000 SH       DEFINED 1 2 3 4 6     1100000        0        0
TRIPLECROWN ACQUISITION CORP   UNIT 07/12/2012  89677G208      583    57800 SH       DEFINED 1 2 3 4 6       57800        0        0
TRIPLECROWN ACQUISITION CORP   COM              89677G109    25043  2740000 SH       DEFINED 1 2 3 4 6     2740000        0        0
TRIPLECROWN ACQUISITION CORP   UNIT 07/12/2012  89677G208     7828   775000 SH       DEFINED 1 2 3 4 5      775000        0        0
TRIPLECROWN ACQUISITION CORP   *W EXP 10/22/201 89677G117     2552  2501700 SH       DEFINED 1 2 3 4 6     2501700        0        0
TYCO INTL LTD BERMUDA          SHS              G9143X208      206     5200 SH       DEFINED 1 2 3 4 5        5200        0        0
U S G CORP                     COM NEW          903293405      716    20000 SH       DEFINED 1 2 3 4 5       20000        0        0
UAL CORP                       COM NEW          902549807      294     8248 SH       DEFINED 1 2 3 4 6        8248        0        0
UBS AG                         SHS NEW          H89231338      336     7300 SH       DEFINED 1 2 3 4 5        7300        0        0
ULTRA PETROLEUM CORP           COM              903914109     3710    51890 SH       DEFINED 1 2 3 4 5       51890        0        0
UNION STREET ACQ CORP          *W EXP 02/05/201 908536113       56   100000 SH       DEFINED 1 2 3 4 6      100000        0        0
UNION STREET ACQ CORP          COM              908536105     4686   612500 SH       DEFINED 1 2 3 4 6      612500        0        0
UNIT CORP                      COM              909218109      463    10000 SH       DEFINED 1 2 3 4 5       10000        0        0
UNITED REFINING ENERGY CORP    UNIT 99/99/9999  911360204    15824  1600000 SH       DEFINED 1 2 3 4 6     1600000        0        0
URANIUM RES INC                COM PAR $0.001   916901507     1747   139977 SH       DEFINED 1 2 3 4 5      139977        0        0
UTSTARCOM INC                  COM              918076100       53    19340 SH       DEFINED 1 2 3 4 5       19340        0        0
VALERO ENERGY CORP NEW         COM              91913Y100     1050    15000 SH       DEFINED 1 2 3 4 6       15000        0        0
VARIAN SEMICONDUCTOR EQUIPMN   COM              922207105      574    15500 SH       DEFINED 1 2 3 4 5       15500        0        0
VEOLIA ENVIRONNEMENT           SPONSORED ADR    92334N103      728     8000 SH       DEFINED 1 2 3 4 5        8000        0        0
VERENIUM CORPORATION           COM              92340P100      132    26405 SH       DEFINED 1 2 3 4 5       26405        0        0
VERIZON COMMUNICATIONS         COM              92343V104     2779    63600 SH       DEFINED 1 2 3 4 5       63600        0        0
VIACOM INC NEW                 CL B             92553P201      501    11400 SH       DEFINED 1 2 3 4 5       11400        0        0
VICTORY ACQUISITION CORP       *W EXP 04/24/201 92644D118      613   367000 SH       DEFINED 1 2 3 4 6      367000        0        0
VICTORY ACQUISITION CORP       COM              92644D100    14526  1499000 SH       DEFINED 1 2 3 4 6     1499000        0        0
WASHINGTON MUT INC             COM              939322103      318    23400 SH       DEFINED 1 2 3 4 5       23400        0        0
WEATHERFORD INTERNATIONAL LT   COM              G95089101     1348    19650 SH       DEFINED 1 2 3 4 5       19650        0        0
WELLS FARGO & CO NEW           COM              949746101     9057   300000 SH  PUT  DEFINED 1 2 3 4 5      300000        0        0
WESTERN DIGITAL CORP           COM              958102105      514    17000 SH       DEFINED 1 2 3 4 6       17000        0        0
WEYERHAEUSER CO                COM              962166104     3687    50000 SH  PUT  DEFINED 1 2 3 4 6       50000        0        0
WEYERHAEUSER CO                COM              962166104    21385   290000 SH  PUT  DEFINED 1 2 3 4 5      290000        0        0
WEYERHAEUSER CO                COM              962166104    36554   495710 SH       DEFINED 1 2 3 4 5      495710        0        0
WEYERHAEUSER CO                COM              962166104     6787    92040 SH       DEFINED 1 2 3 4 6       92040        0        0
WILLIAMS COS INC DEL           COM              969457100    27894   779610 SH       DEFINED 1 2 3 4 5      779610        0        0
WILLIAMS COS INC DEL           COM              969457100    25716   718750 SH       DEFINED 1 2 3 4 6      718750        0        0
WYNN RESORTS LTD               COM              983134107      202     1800 SH       DEFINED 1 2 3 4 5        1800        0        0
XENOPORT INC                   COM              98411C100      201     3600 SH       DEFINED 1 2 3 4 5        3600        0        0
XTO ENERGY INC                 COM              98385X106      841    16377 SH       DEFINED 1 2 3 4 5       16377        0        0
YAHOO INC                      COM              984332106    20469   880000 SH  CALL DEFINED 1 2 3 4 5           0        0        0