13F-HR filing

VALIDATED

Holdings period 2004-03-31 · Filed 2004-05-13 · Accession 0001085146-04-000225

#	Issuer	Class / CUSIP	Kind	Shares	Value
1	ADVANCED MEDICAL OPTICS INC	COM · 00763M108	LONG	580,600	$14.2 million
2	AIRGATE PCS INC	COM NEW · 009367301	LONG	542,624	$8.1 million
3	ALCAN INC	COM · 013716105	LONG	350,000	$15.7 million
4	ALLETE INC	COM · 018522102	LONG	129,200	$4.5 million
5	AMERICAN FINL RLTY TR	COM · 02607P305	LONG	300,000	$5.1 million
6	ASE TEST LTD	ORD · Y02516105	LONG	650,000	$7.2 million
7	AUTHENTIDATE HLDG CORP	COM · 052666104	LONG	325,000	$4.3 million
8	AUTHENTIDATE HLDG CORP	COM · 052666104	PUT	275,000	$3.7 million
9	AUTHENTIDATE HLDG CORP	COM · 052666104	PUT	50,000	$668,000
10	BANKUNITED FINL CORP	CL A · 06652B103	LONG	388,500	$11.5 million
11	CANADIAN NAT RES LTD	COM · 136385101	LONG	487,100	$27.1 million
12	CIRCUIT CITY STORE INC	COM · 172737108	LONG	900,000	$10.2 million
13	CLEVELAND CLIFFS INC	COM · 185896107	LONG	542,600	$35.5 million
14	CONEXANT SYSTEMS INC	COM · 207142100	LONG	650,000	$4.0 million
15	CONSECO INC	COM NEW · 208464883	LONG	800,000	$18.5 million
16	CONSOL ENERGY INC	COM · 20854P109	LONG	2,287,300	$61.3 million
17	DADE BEHRING HLDGS INC	COM · 23342J206	LONG	1,890,000	$84.0 million
18	DDI CORP	COM PAR $ .001 · 233162304	LONG	480,000	$4.9 million
19	Devon Energy Corporation	COM · 25179M103	LONG	60,000	$3.5 million
20	ENCANA CORP	COM · 292505104	LONG	60,000	$2.6 million
21	ENCORE CAP GROUP INC	COM · 292554102	LONG	400,000	$6.6 million
22	FIRST CMNTY BANCORP CALIF	COM · 31983B101	LONG	70,000	$2.6 million
23	FORDING CDN COAL TR	TR UNIT · 345425102	LONG	59,400	$2.4 million
24	FPIC INS GROUP INC	COM · 302563101	LONG	121,300	$2.8 million
25	GOVERNMENT PPTYS TR INC	COM · 38374W107	LONG	672,800	$8.9 million
26	HAYES LEMMERZ INTL INC	COM NEW · 420781304	LONG	1,309,200	$20.1 million
27	IDT CORP	CL B · 448947309	LONG	223,400	$4.5 million
28	INFINITY PPTY & CAS CORP	COM · 45665Q103	LONG	800,000	$25.1 million
29	INTERNATIONAL STL GROUP INC	COM · 460377104	LONG	187,800	$7.3 million
30	KOMAG INC	COM NEW · 500453204	LONG	600,000	$11.1 million
31	LEVITT CORP	CL A · 52742P108	LONG	303,447	$7.4 million
32	LIBERTY MEDIA CORP NEW	COM SER A · 530718105	LONG	2,500,000	$27.4 million
33	LUMINENT MTG CAP INC	COM · 550278303	LONG	721,600	$10.2 million
34	M D C HLDGS INC	COM · 552676108	LONG	329,998	$23.2 million
35	MAGELLAN HEALTH SVCS INC	COM NEW · 559079207	LONG	2,047,443	$57.4 million
36	MCDERMOTT INTL INC	COM · 580037109	LONG	3,801,500	$31.9 million
37	MDC PARTNERS INC	CL A SUB VTG · 552697104	LONG	651,200	$10.2 million
38	MEDCO HEALTH SOLUTIONS INC	COM · 58405U102	LONG	200,000	$6.8 million
39	NEW CENTURY FINANCIAL CORP	COM · 64352D101	LONG	300,000	$14.6 million
40	NEW CENTURY FINANCIAL CORP	COM · 64352D101	PUT	261,000	$12.7 million
41	PENN VA CORP	COM · 707882106	LONG	822,000	$49.8 million
42	PG&E CORP	COM · 69331C108	LONG	1,000,000	$29.0 million
43	PLAINS EXPL& PRODTN CO	COM · 726505100	LONG	1,352,300	$25.2 million
44	PMI GROUP INC	COM · 69344M101	LONG	503,600	$18.8 million
45	POTLATCH CORP	COM · 737628107	LONG	169,200	$6.9 million
46	PROVIDENT FINL SVCS INC	COM · 74386T105	LONG	100,800	$1.9 million
47	RADYNE COMSTREAM INC	COM NEW · 750611402	LONG	1,000,000	$8.8 million
48	SAFECO CORP	COM · 786429100	LONG	180,000	$7.8 million
49	SAXON CAPITAL INC	COM · 80556P302	LONG	318,000	$9.0 million
50	TV AZTECA S A DE C V	SPONSORED ADR · 901145102	LONG	120,000	$1.1 million
51	UNITED STATES STL CORP NEW	COM · 912909108	LONG	930,000	$34.7 million
52	UNUM GROUP	COM · 91529Y106	LONG	400,000	$5.9 million
53	WASHINGTON GROUP INTL INC	COM NEW · 938862208	LONG	717,355	$26.2 million