Espalier Global Management

Espalier Global Management as of Dec. 31, 2013

Portfolio Holdings for Espalier Global Management

Espalier Global Management holds 82 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf Tr Tr Unit Put Option (SPY) 8.9 $92M 500k 184.69
Discover Financial Services Call Option (DFS) 6.1 $64M 1.1M 55.95
Yahoo! Call Option 5.0 $53M 1.3M 40.44
Citigroup Com New Call Option (C) 3.3 $34M 650k 52.11
Facebook Cl A Call Option (META) 2.9 $30M 550k 54.65
Google Cl A 2.5 $26M 24k 1120.71
Groupon Com Cl A Call Option 2.3 $24M 2.0M 11.77
General Electric Company 2.2 $22M 800k 28.03
Agilent Technologies Inc C ommon Call Option (A) 2.1 $22M 390k 57.19
Select Sector Spdr Tr Sbi Int-finl Call Option (XLF) 2.1 $22M 1.0M 21.86
Questcor Pharmaceuticals Put Option 1.8 $19M 350k 54.45
Cit Group Com New Call Option 1.8 $19M 360k 52.14
International Business Machines Put Option (IBM) 1.8 $19M 100k 187.57
Garmin SHS Call Option (GRMN) 1.8 $19M 400k 46.19
American Intl Group Com New (AIG) 1.8 $18M 360k 51.05
Charles Schwab Corporation Put Option (SCHW) 1.7 $18M 700k 26.00
Caterpillar Put Option (CAT) 1.7 $18M 200k 90.81
Gogo (GOGO) 1.6 $17M 675k 24.82
Sunedison 1.6 $17M 1.3M 13.05
NVIDIA Corporation Call Option (NVDA) 1.5 $16M 1.0M 16.02
Ing Groep N V Sponsored Adr (ING) 1.5 $16M 450k 35.15
Blackstone Group Com Unit Ltd 1.5 $16M 500k 31.50
Morgan Stanley Com New (MS) 1.5 $16M 500k 31.36
TD Ameritrade Holding 1.5 $15M 500k 30.64
Iron Mountain Incorporated Call Option 1.5 $15M 500k 30.35
Delta Air Lines Inc Del Com New (DAL) 1.5 $15M 552k 27.47
Microsoft Corporation (MSFT) 1.4 $15M 400k 37.41
Lowe's Companies Put Option (LOW) 1.4 $15M 300k 49.55
E Trade Financial Corp Com New 1.2 $13M 662k 19.64
Western Union Company Call Option (WU) 1.2 $13M 750k 17.25
Ambac Finl Group Com New Call Option (AMBC) 1.2 $13M 518k 24.56
Target Corporation Put Option (TGT) 1.2 $13M 200k 63.27
Hewlett-Packard Company 1.2 $13M 450k 27.98
Tripadvisor (TRIP) 1.2 $12M 150k 82.83
Take-Two Interactive Software (TTWO) 1.1 $12M 670k 17.37
Broadridge Financial Solutions (BR) 1.0 $11M 275k 39.52
Pitney Bowes Call Option (PBI) 1.0 $11M 450k 23.30
Juniper Networks Call Option (JNPR) 0.9 $9.4M 415k 22.57
Quintiles Transnatio Hldgs I Put Option 0.9 $9.3M 200k 46.34
Veeco Instruments (VECO) 0.8 $8.6M 260k 32.91
Kkr & Co L P Del Com Units 0.8 $8.5M 350k 24.34
Twitter Call Option 0.8 $8.4M 133k 63.65
Xoom 0.8 $8.2M 300k 27.37
Leidos Holdings (LDOS) 0.8 $8.1M 175k 46.49
Carlyle Group Com Uts Ltd Ptn 0.8 $8.0M 225k 35.62
Digitalglobe Com New 0.8 $7.9M 192k 41.15
Cme (CME) 0.8 $7.8M 100k 78.46
Bank of America Corporation (BAC) 0.7 $7.8M 500k 15.57
Cst Brands 0.7 $7.7M 210k 36.72
American Airls (AAL) 0.7 $7.6M 300k 25.25
Barclays Adr Call Option (BCS) 0.7 $7.3M 400k 18.13
Nu Skin Enterprises Cl A Put Option (NUS) 0.7 $6.9M 50k 138.22
Millennial Media 0.7 $6.9M 950k 7.27
SolarWinds 0.6 $6.6M 175k 37.83
Citrix Systems Put Option 0.6 $6.3M 100k 63.25
Herbalife Com Usd Shs Put Option (HLF) 0.6 $6.3M 80k 78.70
eBay Put Option (EBAY) 0.5 $5.5M 100k 54.87
CoreLogic Call Option 0.5 $5.3M 150k 35.53
Sears Holdings Corporation Put Option 0.5 $5.3M 109k 49.04
General Motors Company (GM) 0.5 $5.3M 130k 40.87
Altisource Residential Corp CL B 0.5 $5.3M 175k 30.11
Global Eagle Acquisition Cor 0.5 $5.2M 350k 14.87
CBOE Holdings (CBOE) 0.5 $5.2M 100k 51.96
Acelrx Pharmaceuticals 0.5 $4.9M 435k 11.31
JetBlue Airways Corporation (JBLU) 0.5 $4.7M 550k 8.54
3-d Sys Corp Del Com New Put Option (DDD) 0.4 $4.6M 50k 92.94
J.C. Penney Company Put Option 0.4 $4.6M 500k 9.15
Barnes & Noble 0.4 $4.5M 300k 14.95
Sap Spon Adr (SAP) 0.4 $4.4M 50k 87.14
Sina Corp Ord 0.4 $4.2M 50k 84.26
Outerwall 0.4 $4.0M 60k 67.27
CommVault Systems Put Option (CVLT) 0.4 $3.7M 50k 74.86
Healthways 0.3 $3.3M 215k 15.35
Digital River 0.3 $3.2M 175k 18.47
Monster Worldwide Call Option 0.3 $2.9M 400k 7.13
Stratasys SHS (SSYS) 0.2 $1.7M 13k 134.72
Marvell Technology Group Ord 0.2 $1.7M 115k 14.38
LivePerson Call Option (LPSN) 0.1 $1.5M 100k 14.82
Generac Holdings (GNRC) 0.1 $1.4M 25k 56.64
Mcclatchy Cl A 0.1 $708k 208k 3.40
Solazyme Call Option 0.1 $545k 50k 10.90
Icon SHS Put Option (ICLR) 0.0 $364k 9.0k 40.44