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JGD Management Corp./NY – ‘13F-HR’ for 3/31/06

On:  Monday, 5/15/06, at 3:17pm ET   ·   Effective:  5/15/06   ·   For:  3/31/06   ·   Accession #:  1193125-6-112524   ·   File #:  28-05440

Previous ‘13F-HR’:  ‘13F-HR’ on 2/14/06 for 12/31/05   ·   Next:  ‘13F-HR’ on 8/14/06 for 6/30/06   ·   Latest:  ‘13F-HR’ on 11/15/10 for 9/30/10

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/15/06  JGD Management Corp./NY           13F-HR      3/31/06    1:28K                                    Donnelley … Solutions/FA

Quarterly Holdings and Combination Report by a Money Manager   —   Form 13F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 13F-HR      Form 13-F                                             22     83K 

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2006 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: JGD Management Corp. Address: 767 Fifth Avenue 17th Floor New York, NY 10153 Form 13F File Number: 28-05440 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:. Adam J. Semler Title: Chief Financial Officer Phone: (212) 300-1300 Signature, Place, and Date of Signing: /s/ Adam J. Semler New York, New York May 15, 2006 ---------------------------------- [City, State] [Date] [Signature] Report Type (Check only one.): [X]13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_]13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [_]13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
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FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 196 Form 13F Information Table Value Total: $6,214,309 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
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FORM 13F INFORMATION TABLE [Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- CARNIVAL CORP COM....... COMMON 143658102 19,222 405,790 SH SOLE X 3COM CORP...... COMMON 885535104 11,486 2,243,452 SH SOLE X AK STEEL HOLDING CORP...... COMMON 001547108 24,113 1,607,500 SH SOLE X ALCAN ALUMINIUM NEW COM....... COMMON 013716105 40,504 885,720 SH SOLE X AMERITRADE HLDG CORP...... COMMON 87236Y108 114,830 5,502,155 SH SOLE X AUTOZONE INC....... COMMON 053332102 128,490 1,288,900 SH SOLE X BED BATH & BEYOND INC COM... COMMON 075896100 27,072 705,000 SH SOLE X BENIHANA INC-- CLASS A... COMMON 082047200 4,517 146,102 SH SOLE X BOSTON SCIENTIFIC CORP COM....... COMMON 101137107 81,332 3,528,500 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- CBRL GROUP INC.......... COMMON 12489V106 94,482 2,151,726 SH SOLE X CKE RESTAURANTS INC.......... COMMON 12561E105 20,830 1,197,100 SH SOLE X CNX GAS CORP......... COMMON 12618H309 5,379 206,900 SH SOLE X COTT CORPORATION.. COMMON 22163N106 22,262 1,728,401 SH SOLE X FIDELITY NATIONAL INFO SERVICES..... COMMON 31620M106 22,318 550,500 SH SOLE X FRANKLIN RES INC COM.......... COMMON 354613101 21,722 230,500 SH SOLE X GAP INC........ COMMON 364760108 8,406 450,000 SH SOLE X GLOBIX CORP......... COMMON 37957F200 6,127 2,348,816 SH SOLE X GRUBB & ELLIS REALTY ADV-UTS...... COMMON 400096202 10,320 1,600,000 SH SOLE X HARRAHS ENTERTAINMENT INC.......... COMMON 413619107 38,980 500,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- HERCULES OFFSHORE INC COM............. COMMON 427093109 3,573 105,045 SH SOLE X HEWLETT PACKARD CO COM.......... COMMON 428236103 24,652 749,300 SH SOLE X HOME DEPOT INC.... COMMON 437076102 2,115 50,000 SH SOLE X ICO GLOBAL COM HLDG LTD........ COMMON 44930K108 27,114 4,798,884 SH SOLE X INTERNATIONAL SECURITIES EXC............. COMMON 46031W204 5,173 124,200 SH SOLE X KEY ENERGY SERVICES INC.... COMMON 492914106 31,369 2,080,160 SH SOLE X LECG CORP COM..... COMMON 523234102 2,392 124,144 SH SOLE X LIGAND PHARMACEUTICALS- CL B............ COMMON 53220K207 4,484 350,000 SH SOLE X LIMITED INC....... COMMON 532716107 99,552 4,070,000 SH SOLE X LIZ CLAIBORNE INC............. COMMON 539320101 2,049 50,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------- ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- ---------- --- ---- ---------- -------- ---- ------ ---- MARINER ENERGY INC......... COMMON 56845T305 23,109 1,236,186 SH SOLE X MCGRAW HILL COS INC COM......... COMMON 580645109 17,286 300,000 SH SOLE X MERGE TECHNOLOGIES INC......... COMMON 589981109 1,996 125,000 SH SOLE X MILLICOM INTL CELLULAR S.A......... COMMON L6388F110 70,334 1,493,606 SH SOLE X MIRANT CORP........ COMMON 60467R100 5,880 235,192 SH SOLE X NATIONAL MEDICAL HEALTH CARD........ COMMON 636918302 4,894 174,789 SH SOLE X NORTEL NETWORKS CORP COM.... COMMON 656569100 32,864 10,775,000 SH SOLE X NRG ENERGY INC......... COMMON 629377508 134,511 2,974,587 SH SOLE X NTL INC....... COMMON 62941W101 55,363 1,901,859 SH SOLE X PETROHAWK ENERGY CORP........ COMMON 716495106 4,795 350,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- PLIVA DD-REG S GDR....... COMMON 5174706 19,250 1,000,000 SH SOLE X PORTLAND GENERAL ELECTRIC CO............ COMMON 736508847 9,900 300,000 SH SOLE X PROGRESSIVE GAMING INTERNATIONAL CORP..... COMMON 74332S102 4,067 425,000 SH SOLE X RESEARCH IN MOTION LTD COM.................... COMMON 760975102 8,488 100,000 SH SOLE X SCHWAB (CHARLES) CORP.... COMMON 808513105 54,212 3,150,000 SH SOLE X SEARS HOLDING CORP....... COMMON 812350106 171,912 1,300,000 SH SOLE X SEPRACOR INC............. COMMON 817315104 73,068 1,496,980 SH SOLE X SERVICES ACQUISITION CORP COMMON 817628100 5,943 581,500 SH SOLE X SHIRE PHARMACEUTICALS.... COMMON 82481R106 97,152 2,089,737 SH SOLE X SMART & FINAL INC........ COMMON 831683107 983 60,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- SYMANTEC CORP COM... COMMON 871503108 18,513 1,100,000 SH SOLE X SYMMETRY MEDICAL.... COMMON 871546206 1,697 80,000 SH SOLE X TIME WARNER INC COM.... COMMON 00184A105 51,351 3,058,400 SH SOLE X VIACOM INC CLASS B.... COMMON 92553p201 3,493 90,000 SH SOLE X WAL MART STORES INC COM........ COMMON 931142103 3,307 70,000 SH SOLE X WALTER INDUSTRIES INC NEW.... COMMON 93317Q105 32,977 495,000 SH SOLE X WENDYS INTL INC COM.... COMMON 950590109 143,253 2,308,300 SH SOLE X WESTWOOD ONE INC COM.... COMMON 961815107 3,864 350,000 SH SOLE X WEYERHAEUSER CO COM..... COMMON 962166104 37,842 522,457 SH SOLE X WHIRLPOOL CORP COM... COMMON 963320106 9,147 100,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- ABOVENET INC......... COMMON 00374N107 31,563 864,746 SH SOLE X ADVANCED MEDICAL OPTIC COM......... COMMON 00763M108 155,997 3,344,700 SH SOLE X ALTRIA GROUP INC......... COMMON 02209S103 120,596 1,701,896 SH SOLE X AMERICAN EXPRESS CO COM......... COMMON 025816109 52,399 997,136 SH SOLE X AMERICAN HOMEPATIENT INC......... COMMON 026649103 4,926 1,407,497 SH SOLE X AMERICAN TOWER CORP-CL A........... COMMON 029912201 98,290 3,241,757 SH SOLE X ASSURANT INC......... COMMON 04621X108 16,317 331,319 SH SOLE X ATLAS AIR WORLDWIDE HOLDINGS.... COMMON 049164205 110,007 2,335,600 SH SOLE X CHENIERE ENERGY INC......... COMMON 16411R208 22,772 561,300 SH SOLE X CHESAPEAKE ENERGY CORP COM......... COMMON 165167107 32,666 1,040,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------- ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- ---------- --- ---- ---------- -------- ---- ------ ---- CLARUS CORPORATION... COMMON 182707109 5,722 800,272 SH SOLE X DADE BEHRING INC........... COMMON 23342J206 180,903 5,065,904 SH SOLE X FREESCALE SEMICONDUCTOR INC........... COMMON 35687M107 16,471 592,272 SH SOLE X HUGHES COMMUNICATIONS INC........... COMMON 444398101 73 1,761 SH SOLE X IMPSAT FIBER NETWORKS...... COMMON 45321T202 9,637 1,284,943 SH SOLE X INVESTORS BANCORP INC... COMMON 46146P102 72,864 5,226,986 SH SOLE X KANSAS CITY SOUTHERN INDS INC........... COMMON 485170104 18,075 731,800 SH SOLE X LIBERTY GLOBAL INC- SERIES A............. COMMON 530555101 39,469 1,928,160 SH SOLE X LIBERTY GLOBAL INC- SERIES C............. COMMON 530555309 57,175 2,894,957 SH SOLE X LIBERTY MEDIA CORP--A....... COMMON 530718105 227,176 27,670,631 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- LIPMAN....... COMMON M6772H101 8,008 294,405 SH SOLE X MCDONALDS CORP....... COMMON 580135101 116,085 3,378,483 SH SOLE X MICROSOFT CORP....... COMMON 594918104 13,605 500,000 SH SOLE X MITTAL STEEL CO- CL A....... COMMON 60684P101 166,643 4,414,390 SH SOLE X MOTIENT CORP....... COMMON 619908304 41,198 2,108,342 SH SOLE X NCR INC...... COMMON 62886E108 77,341 1,850,700 SH SOLE X NEWS CORP LTD ADR NEW........ COMMON 65248E203 3,512 200,000 SH SOLE X ORACLE CORP....... COMMON 68389X105 9,788 715,000 SH SOLE X PLANETOUT INC........ COMMON 727058109 1,584 156,100 SH SOLE X PROCTER & GAMBLE CO......... COMMON 742718109 89,672 1,556,272 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- RCN CORP........ COMMON 749361200 88,707 3,424,975 SH SOLE X RIVER BANK AMERICA-N.Y... COMMON 749254108 256 127,800 SH SOLE X SCO GROUP INC... COMMON 78403A106 398 91,393 SH SOLE X SCOTTISH RE GROUP LTD..... COMMON G7885T104 22,163 893,300 SH SOLE X SKYTERRA COMMUNICATIONS INC........... COMMON 83087K107 40 2,000 SH SOLE X TITAN INTERNATIONAL INC........... COMMON 88830M102 12,037 697,400 SH SOLE X XO COMMUNICATIONS INC........... COMMON 983764838 1,682 448,488 SH SOLE X CONSOL ENERGY INC........... COMMON 20854P109 5,562 75,000 SH SOLE X ENGELHARD CORP COM........... COMMON 292845104 122,502 3,092,700 SH SOLE X FEDERAL SERVICES ACQ CORP-UT....... COMMON 313833204 7,409 1,029,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- --------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- --------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- IRF EUROPEAN FINANCE INVESTMENTS LTD.......... COMMON b0j7pz1 22,292 4,166,667 SH SOLE X LAFARGE NORTH AMERICA INC.......... COMMON 505862102 33,524 399,100 SH SOLE X PLATINUM DIVERSIFIED MINING INC. (UNITS)...... COMMON B0WYV84 5,000 625,000 SH SOLE X PLATINUM ENERGY RESOURCES.... COMMON 727659104 3,018 425,000 SH SOLE X PLATINUM ENERGY RESOURCES WTS.......... WARRANTS 727659112 252 300,000 SH SOLE X STEWART & STEVENSON SERVICES..... COMMON 860342104 33,631 921,900 SH SOLE X GUIDANT CORP COM.......... COMMON 401698105 256,630 3,287,600 SH SOLE X ADELPHIA COMMUNICATION PFD CV E 7.5%......... PREFERRED 006848501 1 25,000 SH SOLE X ADELPHIA COMMUNICATION PFD CV SER D............ PREFERRED 006848402 1 2,000 SH SOLE X ENRON CORP 7% SERIES....... PREFERRED 293561882 6,826 487,600 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- --------- --------- -------- ---------------- ---------- -------- ---------------- SHRS OR VOTING AUTHORITY TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- --------- --------- -------- ------- --- ---- ---------- -------- ---- ------ ---- LORAL PREFERRED STOCK 6.00% 11/01/06 SER C........... PREFERRED 564621495 0 264,513 SH SOLE X LORAL PREFERRED STOCK 6.00% 2/15/07 SER D........... PREFERRED 564623053 0 90,000 SH SOLE X MOTIENT PFD SER B 144A........ PREFERRED 619908601 8,900 10,000 SH SOLE X VITELCO 10% PFD. STOCK....... PREFERRED 927682203 6,758 8,500 SH SOLE X ABERCROMBIE & FITCH CALL OPT 55.0 CALL 05202006.... OPTION 002896207 78 150 SH CALL SOLE X AMERICAN EAGLE OUTFTR CALL OPT 25 CALL 05202006.... OPTION 02553E106 108 200 SH CALL SOLE X AMERICAN EXPRESS CALL OPT 50 CALL 01202007.... OPTION 025816109 4,092 2,998 SH CALL SOLE X APPLE COMPUTER CALL OPT 60.0000 CALL 07222006.... OPTION 037833100 76 100 SH CALL SOLE X BED BATH & BEYOND CALL OPT 35.000 CALL 05202006.... OPTION 075896100 4,100 10,000 SH CALL SOLE X BOSTON SCIENTIFIC CALL OPT 20.000 CALL 01202007.... OPTION 101137107 245 500 SH CALL SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- --------------- ---------- -------- ---------------- SHRS OR VOTING AUTHORITY NAME OF TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ---------------- ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------- -------- --------- -------- ------ --- ---- ---------- -------- ---- ------ ---- BOSTON SCIENTIFIC CALL OPT 20.000 CALL 08192006... OPTION 101137107 200 500 SH CALL SOLE X BOSTON SCIENTIFIC CALL OPT 25.000 CALL 01202007... OPTION 101137107 1,779 8,896 SH CALL SOLE X BOSTON SCIENTIFIC CALL OPT 25.000 CALL 08192006... OPTION 101137107 105 1,000 SH CALL SOLE X CENDANT CORP CALL OPT 17.5000 CALL 01202007... OPTION 151313103 168 1,000 SH CALL SOLE X CEPHALON INC CALL OPT 70.0000 CALL 04222006... OPTION 156708109 50 5,000 SH CALL SOLE X GUIDANT CORP CALL OPT 70.0000 CALL 04222006... OPTION 401698105 885 1,000 SH CALL SOLE X MASSEY ENERGY CALL OPT 40.0000 CALL 01202007... OPTION 576206106 417 1,127 SH CALL SOLE X MASSEY ENERGY CALL OPT 45.0000 CALL 01202007... OPTION 576206106 466 2,275 SH CALL SOLE X MCDONALD'S CALL OPT 30.0000 CALL 01202007... OPTION 580135101 6,200 10,000 SH CALL SOLE X MICHAELS STORE CALL OPT 30.0000 CALL 06172006... OPTION 594087108 6,000 7,500 SH CALL SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- --------------- ---------- -------- ---------------- SHRS OR VOTING AUTHORITY NAME OF TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ---------------- ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------- -------- --------- -------- ------ --- ---- ---------- -------- ---- ------ ---- MICROSOFT CALL OPT 27.0000 CALL 01202007... OPTION 594918104 168 800 SH CALL SOLE X ORACLE CORP CALL OPT 10.0000 CALL 01202007... OPTION 68389X105 17,200 40,000 SH CALL SOLE X ORACLE CORP CALL OPT 12.5000 CALL 01202007... OPTION 68389X105 9,189 41,300 SH CALL SOLE X OSI RESTAURANT CALL OPT 40.00 CALL 05202006... OPTION 67104A101 2,610 6,069 SH CALL SOLE X OSI RESTAURANT CALL OPT 45.00 CALL 05202006... OPTION 67104A101 650 5,000 SH CALL SOLE X PHELPS DODGE CALL OPT 72.5000 CALL 04222006... OPTION 717265102 2,625 3,000 SH CALL SOLE X PROCTER & GAMBLE CALL OPT 50.0000 CALL 01202007... OPTION 742718109 960 1,000 SH CALL SOLE X RELIANT ENERGY CALL OPT 15.0000 CALL 01202007... OPTION 75952B105 76 2,178 SH CALL SOLE X SCHWAB CORP CALL OPT 15.0000 CALL 01202007... OPTION 808513105 5,727 15,908 SH CALL SOLE X SCHWAB CORP CALL OPT 15.0000 CALL 09162006... OPTION 808513105 14,749 46,092 SH CALL SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- SHIRE PLC CALL OPT 50.0000 CALL 10212006... OPTION 82481R106 1,739 4,700 SH CALL SOLE X TD AMERITRADE CALL OPT 17.5000 CALL 01202007... OPTION 87236Y108 1,185 2,394 SH CALL SOLE X TD AMERITRADE CALL OPT 20.0000 CALL 01202007... OPTION 87236Y108 5,028 14,789 SH CALL SOLE X TIME WARNER INC CALL OPT 17.0000 CALL 04222006... OPTION 887317105 10 500 SH CALL SOLE X ABOVENET INC- W/ I-CW08 @ 20......... WARRANTS 00374N115 610 40,685 SH SOLE X ARROWHEAD CORP CONTINGENT WTS @ 5.04 STRKE...... WARRANTS 042797100 75 1,040,357 SH SOLE X IRF EUROPEAN FINANCE WTS @ 5.00 11/14/09... WARRANTS b0j7x91 5,667 8,333,334 SH SOLE X MIRANT CORP @ 20.54 1/3/11..... WARRANTS 60467R126 137 12,480 SH SOLE X MIRANT CORP WRT @ 21.87 1/3/11..... WARRANTS 60467R118 1,254 122,372 SH SOLE X SKYTERRA CONTINGENT WTS @ 18.25 12/23/09... WARRANTS 0 0 96,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- THERMADYNE HOLDINGS WARRANTS @ 20.78..... WARRANTS 883435125 0 90,217 SH SOLE X WTS MOTIENT CORP- UNREGISTERED 1.06 STRIKE...... WARRANTS 619908304 5,327 312,500 SH SOLE X ARROWHEAD RESEARCH CORP........ COMMON 042797100 19,176 4,161,429 SH SOLE X AVETA INC.144A SHARES...... COMMON 05365U101 9,231 576,923 SH SOLE X AVETA INC.REGS SHARES...... COMMON U0536D101 38,769 2,423,077 SH SOLE X GEOMET INC......... COMMON 37250U102 24,570 1,890,000 SH SOLE X MDU COMM INTL INC.... COMMON 582828109 1,320 1,039,550 SH SOLE X MDU COMM INTL WTS @ 3.40 STRIKE 11/24/ 2007........ WARRANTS 582828109 75 311,865 SH SOLE X MOTIENT CORP WARRANTS @ 4.88 STRIKE...... WARRANTS 619908304 1,361 100,000 SH SOLE X MOTIENT CORP WARRANTS @ 8.57 STRIKE...... WARRANTS 619908304 3,826 371,934 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- SUN AMERICAN BANCORP UNITS...... COMMON 86664A103 17,698 3,250,250 SH SOLE X SPX CORP COM........ COMMON 784635104 1,376 25,766 SH SOLE X JOHNSON & JOHNSON.... COMMON 478160104 16,613 280,538 SH SOLE X BANKAMERICA CORP....... COMMON 060505104 43,740 960,476 SH SOLE X AMGEN INC.... COMMON 031162100 2,155 29,621 SH SOLE X MATTEL INC COM........ COMMON 577081102 413 22,800 SH SOLE X MEDCO HEALTH SOLUTIONS INC........ COMMON 58405U102 807 14,098 SH SOLE X NEWMONT MINING CORP....... COMMON 651639106 3,733 71,936 SH SOLE X PFIZER INC COM........ COMMON 717081103 12,274 492,556 SH SOLE X PNC BANK CORP....... COMMON 693475105 5,954 88,450 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- --------- -------- ------------------ ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- CHEVRON CORP........ COMMON 166751107 21,603 372,658 SH SOLE X TYCO INTL LTD NEW......... COMMON 902124106 8,388 312,051 SH SOLE X VIACOM CLASS B........... COMMON 925524308 2,794 88,970 SH SOLE X DEUTSCHE TELEKOM AG SPONSORED ADR......... COMMON 251566105 1,659 98,631 SH SOLE X WALT DISNEY CO.......... COMMON 254687106 6,259 224,400 SH SOLE X WASHINGTON MUTUAL INC......... COMMON 939322103 9,588 224,955 SH SOLE X WELLS FARGO & CO-NEW...... COMMON 949746101 13,477 211,000 SH SOLE X DEUTSCHE TELEKOM AG.......... COMMON 5842359 1,169 69,308 SH SOLE X ENDESA SA..... COMMON 5271782 208,591 6,462,000 SH SOLE X INFINEON TECHNOLOGIES AG.......... COMMON 5889505 89,672 8,696,300 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- ------------------- ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- -------- -------- ---------- --- ---- ---------- -------- ---- ------ ---- KONINKLIJKE AHOLD NV..... COMMON 5252602 130,784 16,630,811 SH SOLE X PORTUGAL TELECOM SGPS SA........... COMMON 5817186 20,058 1,653,713 SH SOLE X SANOFI- AVENTIS...... COMMON 5671735 36,407 382,750 SH SOLE X SCHERING AG.... COMMON 4845757 158,069 1,520,600 SH SOLE X SUEZ SA........ COMMON 7118047 118,213 3,000,000 SH SOLE X VIVENDI UNIVERSAL SA........... COMMON 4834777 173,805 5,061,371 SH SOLE X DAIMLERCHRYSLER AG........... COMMON 5529027 20,447 356,000 SH SOLE X ASM INTERNATIONAL N.V.......... COMMON 5165294 11,365 562,000 SH SOLE X TOTAL SA....... COMMON 4905413 31,654 120,000 SH SOLE X BOC GROUP PLC.......... COMMON 0108120 85,063 3,165,000 SH SOLE X
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[Enlarge/Download Table] COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- ------------------- ---------- -------- ---------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------- NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- -------- -------- ---------- --- ---- ---------- -------- ---- ------ ---- INTERCONTINENTAL HOTELS GROUP... COMMON b07q1p2 11,450 700,000 SH SOLE X LADBROKES PLC.... COMMON 0500254 216,801 32,080,202 SH SOLE X SHIRE PHARMACEUTICALS GROUP.......... COMMON 0799803 10,692 696,600 SH SOLE X CIBA SPECIALTY CHEMICALS...... COMMON 5196744 17,937 300,000 SH SOLE X MILLICOM INTL CELLULAR-SDR... COMMON b00l2m8 26,218 556,500 SH SOLE X GOLAR LNG LTD.... COMMON 7139695 11,105 808,600 SH SOLE X NORSK HYDRO ASA............ COMMON 4645805 23,554 170,000 SH SOLE X

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Filed on / Effective on:5/15/061None on these Dates
For Period end:3/31/061
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