The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ANIKA THERApeutics INC COM 035255108 434 10,000 SH   SOLE   10,000 0 0
APPLE INC COM 037833100 1,954 13,600 SH   SOLE   13,600 0 0
APPLE INC COM 037833900 4,096 28,500 SH Call SOLE   28,500 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 3,562 114,400 SH   SOLE   114,400 0 0
AT&T INC COM 00206R102 3,028 72,875 SH   SOLE   72,875 0 0
BP PLC SPONSORED ADR 055622104 707 20,500 SH   SOLE   20,500 0 0
B G C PARTNERS INC CL A 05541T101 1,510 133,000 SH   SOLE   133,000 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 1,582 140,000 SH   SOLE   140,000 0 0
BANK AMER CORP 7.25% CNV PFD L 060505682 2,988 2,500 SH   SOLE   2,500 0 0
BLACKBERRY LTD COM 09228F103 775 100,000 SH Call SOLE   100,000 0 0
CARMAX INC COM 143130102 1,127 19,038 SH   SOLE   19,038 0 0
CDN IMPERIAL BNK COMM TORONTO COM 136069101 1,776 20,600 SH   SOLE   20,600 0 0
CBS CORP NEW CL B 124857202 7,111 102,525 SH   SOLE   102,525 0 0
CHEROKEE INC DEL NEW COM 16444H102 2,860 332,531 SH   SOLE   332,531 0 0
CHEROKEE INC DEL NEW COM 16444H902 860 100,000 SH Call SOLE   100,000 0 0
CHUBB LIMITED COM H1467J104 3,772 27,686 SH   SOLE   27,686 0 0
COLLECTORS UNIVERSE INC COM NEW 19421R200 548 21,000 SH   SOLE   21,000 0 0
COVANTA HLDG CORP COM 22282E102 345 22,000 SH   SOLE   22,000 0 0
EDITAS MEDICINE INC COM 28106W103 223 10,000 SH   SOLE   10,000 0 0
FASTENAL CO COM 311900104 1,545 30,000 SH   SOLE   30,000 0 0
FOUNDATION MEDICINE INC COM 350465100 1,613 50,000 SH   SOLE   50,000 0 0
FOUNDATION MEDICINE INC COM 350465900 645 20,000 SH Call SOLE   20,000 0 0
GENERAL ELECTRIC CO COM 369604103 8,808 295,550 SH   SOLE   295,550 0 0
GENERAL MOTORS CO COM 37045V100 1,807 51,100 SH   SOLE   51,100 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,880 44,600 SH   SOLE   44,600 0 0
GOLDMAN SACHS GROUP COM 38141G104 4,135 18,000 SH   SOLE   18,000 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 3,221 78,900 SH   SOLE   78,900 0 0
IMAX CORP COM 45245E109 1,020 30,000 SH   SOLE   30,000 0 0
JOHNSON & JOHNSON COM 478160104 810 6,500 SH   SOLE   6,500 0 0
LEGG MASON INC COM 524901105 20,691 573,000 SH   SOLE   573,000 0 0
MATTEL INC COM 577081102 1,089 42,550 SH   SOLE   42,550 0 0
MCCORMICK & CO INC COM NON VTG 579780206 4,341 44,500 SH   SOLE   44,500 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 891 10,000 SH   SOLE   10,000 0 0
MOELIS & CO CL A 60786M105 977 25,376 SH   SOLE   25,376 0 0
NEWS CORP New CL A 65249B109 130 10,000 SH   SOLE   10,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,271 91,000 SH   SOLE   91,000 0 0
OAK TREE CAP GROUP LLC UNIT CL A 65249B109 453 10,000 SH   SOLE   10,000 0 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 320 20,000 SH   SOLE   20,000 0 0
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 171 10,000 SH   SOLE   10,000 0 0
PHILIP MORRIS INTL INC COM 718172109 847 7,500 SH   SOLE   7,500 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,721 25,250 SH   SOLE   25,250 0 0
QUANTUM CORP COM 747906204 87 100,000 SH   SOLE   100,000 0 0
QUALCOMM INC COM 747525103 602 10,500 SH   SOLE   10,500 0 0
R F INDS LTD COM PAR $ .01 749552105 62 40,222 SH   SOLE   40,222 0 0
REGAL ENTMT GROUP CL A 758766109 565 25,000 SH   SOLE   25,000 0 0
RITE AID CORP COM 767754104 425 100,000 SH   SOLE   100,000 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 401 5,500 SH   SOLE   5,500 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 2,694 48,250 SH   SOLE   48,250 0 0
SANOFI SPONSORED ADR 80105N105 339 7,500 SH   SOLE   7,500 0 0
STANLEY BLACK & DECKER COM 854502101 4,235 31,875 SH   SOLE   31,875 0 0
STARBUCKS CORP COM 855244109 11,479 196,600 SH   SOLE   196,600 0 0
STUDENT TRANSN INC COM 86388A108 3,939 672,200 SH   SOLE   672,200 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 321 10,000 SH   SOLE   10,000 0 0
TIME WARNER INC COM NEW 887317303 489 5,000 SH   SOLE   5,000 0 0
TRITON INTL LTD CL A G9078F107 2,166 83,980 SH   SOLE   83,980 0 0
TEEKAY OFFSHORE PARTNERS LP PARTNERSHIP UN Y8565J101 355 70,000 SH   SOLE   70,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 300 6,000 SH   SOLE   6,000 0 0
TOTAL S A SPONSORED ADR 89151E109 3,479 69,000 SH   SOLE   69,000 0 0
TRAVELERS COMPANIES INC COM 89417E109 8,438 70,000 SH   SOLE   70,000 0 0
VECTOR GROUP LTD COM 92240M108 5,796 278,653 SH   SOLE   278,653 0 0
VISA INC COM 92826C909 13,331 150,000 SH Call SOLE   150,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857W308 660 25,000 SH   SOLE   25,000 0 0
ACCENTURE PLC IRELAND COM G1151C101 48 400 SH   SOLE   400 0 0
ACTIVISION BLIZZARD COM 00507V109 150 3,000 SH   SOLE   3,000 0 0
BANK AMER CORP COM 060505104 24 1,000 SH   SOLE   1,000 0 0
BLACKBERRY LTD COM 09228F103 23 3,000 SH   SOLE   3,000 0 0
CITIGROUP INC COM NEW 172967424 25 418 SH   SOLE   418 0 0
DENBURY RES INC COM NEW 247916208 18 7,000 SH   SOLE   7,000 0 0
EDGE THERAPEUTICS INC COM 279870109 11 1,200 SH   SOLE   1,200 0 0
ETSY INC COM 29786A106 43 4,000 SH   SOLE   4,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 17 1,500 SH   SOLE   1,500 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 27 1,500 SH   SOLE   1,500 0 0
IAC INTERACTIVE CORP COM 44919P508 37 500 SH   SOLE   500 0 0
INTEL CORP COM 458140100 32 900 SH   SOLE   900 0 0
JPMORGAN CHASE & CO COM 46625H100 114 1,300 SH   SOLE   1,300 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 68 20,000 SH   SOLE   20,000 0 0
MORGAN STANLEY COM NEW 617446448 34 800 SH   SOLE   800 0 0
NIKE INC CL B 654106103 45 800 SH   SOLE   800 0 0
NVIDIA CORP COM 67066G104 87 800 SH   SOLE   800 0 0
PAYPAL HLDGS INC COM 70450Y103 43 1,000 SH   SOLE   1,000 0 0
SUNOPTA INC COM 0867EP108 35 5,000 SH   SOLE   5,000 0 0
TIME INC NEW COM 887228104 27 1,400 SH   SOLE   1,400 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 24 4,000 SH   SOLE   4,000 0 0
TWITTER INC COM 90184L102 24 1,600 SH   SOLE   1,600 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 44 800 SH   SOLE   800 0 0