| Beazer Homes USA, Inc. CMN(BZH) | com | 07556Q881 | $4.3M | 204,080 | 40.5% |
| Ambac Financial Group, Inc. CMN(OSG) | com | 023139884 | $4.1M | 150,000 | 38.8% |
| Applied Optoelectronics, Inc. CMN(AAOI) | com | 03823U102 | $2.1M | 90,300 | 19.8% |
| Magnum Hunter Resources Corpor*ation CMN | com | 55973B102 | $9.4K | 1,146,114 | 0.1% |
| Goodrich Petroleum Corp (New) CMN | com | 382410405 | $6.1K | 219,522 | 0.1% |
| Gulfport Energy Corp (New) CMN | com | 402635304 | $5.3K | 84,815 | 0.1% |
| Mgic Investment Corp Common Stock(MTG) | com | 552848103 | $4.2K | 450,000 | 0.0% |
| Pultegroup Inc. CMN(PHM) | com | 745867101 | $4.1K | 204,976 | 0.0% |
| The Howard Hughes Corp CMN(HHC*) | com | 44267D107 | $4.1K | 26,128 | 0.0% |
| Rockwood Holdings, Inc. CMN | com | 774415103 | $3.8K | 50,000 | 0.0% |
| AIR Transport Services Group I*nc CMN(ATSG*) | com | 00922R105 | $3.7K | 445,221 | 0.0% |
| WCI Communities, Inc. CMN | com | 92923C807 | $3.7K | 189,600 | 0.0% |
| Tuesday Morning Corp CMN | com | 899035505 | $3.6K | 200,000 | 0.0% |
| Gencorp Inc CMN | com | 368682100 | $3.5K | 181,908 | 0.0% |
| Assured Guaranty Ltd. CMN(AGO) | com | G0585R106 | $3.4K | 140,000 | 0.0% |
| Synovus Financial Corp CMN(SYU1) | com | 87161C501 | $3.3K | 135,000 | 0.0% |
| Carmike Cinemas Inc CMN | com | 143436400 | $3.1K | 87,179 | 0.0% |
| USG Corp (New) CMN | com | 903293405 | $3.0K | 100,000 | 0.0% |
| Toll Brothers, Inc. CMN(TOL) | com | 889478103 | $3.0K | 81,280 | 0.0% |
| Energy XXI (Bermuda) LTD CMN | com | G10082140 | $3.0K | 125,000 | 0.0% |
| The Fresh Market, Inc. CMN | com | 35804H106 | $2.8K | 85,000 | 0.0% |
| Realogy Hldgs Corp CMN | com | 75605Y106 | $2.6K | 70,000 | 0.0% |
| Horsehead Holding Corp. CMN | com | 440694305 | $2.5K | 139,300 | 0.0% |
| Eagle Materials Inc. CMN(EXP) | com | 26969P108 | $2.4K | 25,800 | 0.0% |
| WTS Ican International GRO 45.0000 Exp01/19/2021 | w | 026874156 | $2.4K | 91,300 | 0.0% |
| PAR Petroleum Corp CMN(PARR) | com | 69888T207 | $1.9K | 92,900 | 0.0% |
| Ocwen Financial Corporation CMN | com | 675746309 | $1.9K | 50,000 | 0.0% |
| CUI Global, Inc. CMN | com | 126576206 | $1.4K | 171,800 | 0.0% |
| Mbia Inc CMN(MBI) | com | 55262C100 | $1.1K | 100,000 | 0.0% |
| Kona Grill, Inc. CMN | com | 50047H201 | $1.1K | 54,300 | 0.0% |
| Primo WTR Corp CMN | com | 74165N105 | $571 | 119,800 | 0.0% |
| WTS Magnum Resources Corp EXP 04/15/2016 | w | 55973B110 | $2 | 125,723 | 0.0% |