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, 2008

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:    Fortress Investment Group LLC
Address: 1345 Avenue of the Americas, 46th Flr.
         New York, NY  10105

13F File Number:  28-12421

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:      Randal A. Nardone
Title:     Chief Operating Officer
Phone:     212-798-6100

Signature, Place, and Date of Signing:

      /s/  Randal A. Nardone     New York, NY     May 15, 2008

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         13

Form13F Information Table Entry Total:     240

Form13F Information Table Value Total:     $3,536,252 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

No.  13F File Number               Name

1    28-12421                      Fortress Investment Group LLC
2    28-12417                      FIG Corp
3    28-12418                      Fortress Operating Entity I LP
4    28-10806                      FIG LLC
5    28-10807                      Drawbridge Global Macro Advisors LLC
6    28-11237                      Drawbridge Special Opportunities Advisors LLC
7    28-11538                      Fortress Fund MM LLC
8    28-11537                      Fortress Fund MM II LLC
9    28-10162                      FIG Advisors LLC
10   28-12420                      RIC Coinvestment Fund GP LLC
11   28-12416                      Fortress Investment Fund GP Holdings LLC
12   28-12512                      Fortress Fund III GP LLC
13   28-12439                      Fortress Operating Entity II LP



                                    
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
2020 CHINACAP ACQUIRCO INC     COM              90212G109     3160   437000 SH       DEFINED 1 2 3 4 6      437000        0        0
ACCENTURE LTD BERMUDA          CL A             G1150G111      253     7200 SH       DEFINED 1 2 3 4 5        7200        0        0
ADVANCED TECHNOLOGY ACQU COR   UNIT 06/11/2011  007556202    14108  1856250 SH       DEFINED 1 2 3 4 6     1856250        0        0
AGRIUM INC                     COM              008916108     1342    21611 SH       DEFINED 1 2 3 4 5       21611        0        0
AIR PRODS & CHEMS INC          COM              009158106      230     2500 SH       DEFINED 1 2 3 4 5        2500        0        0
AIRCASTLE LTD                  COM              G0129K104    47090  4185875 SH       DEFINED 1 2 3 4 6     4185875        0        0
AIRCASTLE LTD                  COM              G0129K104    40781  3625000 SH       DEFINED 1 2 3 4 5     3625000        0        0
AIRCASTLE LTD                  COM              G0129K104   572677 21750002 SH       DEFINED 1 2 11 12 13 21750002        0        0
AKAMAI TECHNOLOGIES INC        COM              00971T101      231     8200 SH       DEFINED 1 2 3 4 5        8200        0        0
ALCOA INC                      COM              013817101      346     9600 SH       DEFINED 1 2 3 4 5        9600        0        0
ALLIED WRLD ASSUR COM HLDG L   SHS              G0219G203      612    15400 SH       DEFINED 1 2 3 4 6       15400        0        0
ALTERNATIVE ASSET MGMT ACQU    *W EXP 08/01/201 02149U119      702  1210250 SH       DEFINED 1 2 3 4 6     1210250        0        0
ALTERNATIVE ASSET MGMT ACQU    COM              02149U101    10893  1150300 SH       DEFINED 1 2 3 4 6     1150300        0        0
AMAZON COM INC                 COM              023135106      357     5000 SH       DEFINED 1 2 3 4 5        5000        0        0
AMERICA MOVIL SAB DE CV        SPON ADR L SHS   02364W105     6369   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
AMERICAN AXLE & MFG HLDGS IN   COM              024061103    22550  1100000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
AMERICAN INTL GROUP INC        COM              026874107      454    10500 SH       DEFINED 1 2 3 4 5       10500        0        0
AMERICAN SCIENCE & ENGR INC    COM              029429107      200     3670 SH       DEFINED 1 2 3 4 5        3670        0        0
ANGLOGOLD ASHANTI LTD          SPONSORED ADR    035128206     2765    81400 SH       DEFINED 1 2 3 4 6       81400        0        0
ANHEUSER BUSCH COS INC         COM              035229103      293     6173 SH       DEFINED 1 2 3 4 5        6173        0        0
ANNALY CAP MGMT INC            COM              035710409      173    11285 SH       DEFINED 1 2 3 4 5       11285        0        0
APPLE INC                      COM              037833100     3081    21467 SH       DEFINED 1 2 3 4 5       21467        0        0
ARCHER DANIELS MIDLAND CO      COM              039483102      761    18500 SH       DEFINED 1 2 3 4 5       18500        0        0
ASML HOLDING N V               NY REG SHS       N07059186      380    15300 SH       DEFINED 1 2 3 4 5       15300        0        0
AUTOMATIC DATA PROCESSING IN   COM              053015103      256     6040 SH       DEFINED 1 2 3 4 5        6040        0        0
AVIS BUDGET GROUP              COM              053774105     4568   430100 SH       DEFINED 1 2 3 4 5      430100        0        0
BALLY TECHNOLOGIES INC         COM              05874B107    19746   575000 SH       DEFINED 1 2 3 4 5      575000        0        0
BANK OF AMERICA CORPORATION    COM              060505104      227     6000 SH       DEFINED 1 2 3 4 5        6000        0        0
BMC SOFTWARE INC               COM              055921100      232     7133 SH       DEFINED 1 2 3 4 5        7133        0        0
BROOKDALE SR LIVING INC        COM              112463104     2988   125000 SH       DEFINED 1 2 3 4 6      125000        0        0
BROOKDALE SR LIVING INC        COM              112463104   944007 33228000 SH       DEFINED 1 2 3 4 8 9  33228000        0        0
BROOKDALE SR LIVING INC        COM              112463104   282083  9929000 SH       DEFINED 1 2 3 4 7 9   9929000        0        0
BROOKDALE SR LIVING INC        COM              112463104   500041 17600867 SH       DEFINED 1 2 10 13    17600867        0        0
BROOKDALE SR LIVING INC        COM              112463104     2988   125000 SH       DEFINED 1 2 3 4 5      125000        0        0
BUNGE LIMITED                  COM              G16962105      758     8730 SH       DEFINED 1 2 3 4 5        8730        0        0
CANO PETE INC                  COM              137801106     4509   963418 SH       DEFINED 1 2 3 4 5      963418        0        0
CAPITOL ACQUISITION CORP DEL   UNIT 07/24/2012  14055E203     4800   500000 SH       DEFINED 1 2 3 4 5      500000        0        0
CAPITOL ACQUISITION CORP DEL   COM              14055E104     9528  1750000 SH       DEFINED 1 2 3 4 6     1750000        0        0
CARDTRONICS INC                COM              14161H108     2503   359089 SH       DEFINED 1 2 3 4 5      359089        0        0
CEPHEID                        COM              15670R107      203     8320 SH       DEFINED 1 2 3 4 5        8320        0        0
CERADYNE INC                   COM              156710105      364    11400 SH       DEFINED 1 2 3 4 5       11400        0        0
CERADYNE INC                   COM              156710105      544    17000 SH       DEFINED 1 2 3 4 6       17000        0        0
CF INDS HLDGS INC              COM              125269100      988     9533 SH       DEFINED 1 2 3 4 5        9533        0        0
CF INDS HLDGS INC              COM              125269100      436     4200 SH       DEFINED 1 2 3 4 6        4200        0        0
CHESAPEAKE ENERGY CORP         COM              165167107      605    13120 SH       DEFINED 1 2 3 4 5       13120        0        0
CHINA DIGITAL TV HLDG CO LTD   SPONSORED ADR    16938G107    24144  1295300 SH       DEFINED 1 2 3 4 5     1295300        0        0
CHINA HLDGS ACQUISITION CORP   UNIT 99/99/9999  16942N205     9207   990000 SH       DEFINED 1 2 3 4 6      990000        0        0
CIRCUIT CITY STORE INC         COM              172737108       43    10840 SH       DEFINED 1 2 3 4 5       10840        0        0
COACH INC                      COM              189754104     4523   150000 SH       DEFINED 1 2 3 4 5      150000        0        0
COCA COLA CO                   COM              191216100    21772   357679 SH       DEFINED 1 2 3 4 5      357679        0        0
COEUR D ALENE MINES CORP IDA   COM              192108108       76    18794 SH       DEFINED 1 2 3 4 5       18794        0        0
COLLECTIVE BRANDS INC          COM              19421W100     3926   323900 SH       DEFINED 1 2 3 4 5      323900        0        0
COLUMBUS ACQUISITION CORP      COM              198851107     2256   300000 SH       DEFINED 1 2 3 4 6      300000        0        0
COLUMBUS ACQUISITION CORP      *W EXP 05/18/201 198851115       21    72700 SH       DEFINED 1 2 3 4 6       72700        0        0
COMMSCOPE INC                  COM              203372107      906    26000 SH       DEFINED 1 2 3 4 6       26000        0        0
COMMSCOPE INC                  COM              203372107      276     7910 SH       DEFINED 1 2 3 4 5        7910        0        0
CONTINENTAL AIRLS INC          CL B             210795308     1154    60000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
COPART INC                     COM              217204106      200     5167 SH       DEFINED 1 2 3 4 5        5167        0        0
COSAN LTD                      SHS A            G25343107      326    26460 SH       DEFINED 1 2 3 4 5       26460        0        0
CVS CAREMARK CORPORATION       COM              126650100      518    12800 SH       DEFINED 1 2 3 4 6       12800        0        0
CYPRESS SEMICONDUCTOR CORP     COM              232806109      241    10216 SH       DEFINED 1 2 3 4 5       10216        0        0
DANA HOLDING CORP              COM              235825205    11883  1188320 SH       DEFINED 1 2 3 4 6     1188320        0        0
DANAOS CORPORATION             SHS              Y1968P105     2109    85746 SH       DEFINED 1 2 3 4 6       85746        0        0
DEERE & CO                     COM              244199105      220     2737 SH       DEFINED 1 2 3 4 5        2737        0        0
DELTA AIR LINES INC DEL        COM NEW          247361702     1726   200000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
DIAMOND OFFSHORE DRILLING IN   COM              25271C102     3605    30975 SH       DEFINED 1 2 13          30975        0        0
DOLBY LABORATORIES INC         COM              25659T107      278     7659 SH       DEFINED 1 2 3 4 5        7659        0        0
DOMTAR CORP                    COM              257559104      197    28855 SH       DEFINED 1 2 3 4 5       28855        0        0
DOUBLE-TAKE SOFTWARE INC       COM              258598101      292    25000 SH       DEFINED 1 2 3 4 5       25000        0        0
DOW CHEM CO                    COM              260543103      416    11300 SH       DEFINED 1 2 3 4 5       11300        0        0
DU PONT E I DE NEMOURS & CO    COM              263534109      505    10800 SH       DEFINED 1 2 3 4 5       10800        0        0
EBAY INC                       COM              278642103      236     7900 SH       DEFINED 1 2 3 4 5        7900        0        0
EL PASO CORP                   COM              28336L109      256    15380 SH       DEFINED 1 2 3 4 5       15380        0        0
ELECTRONIC ARTS INC            COM              285512109      202     4040 SH       DEFINED 1 2 3 4 5        4040        0        0
EMERSON ELEC CO                COM              291011104      220     4272 SH       DEFINED 1 2 3 4 5        4272        0        0
ENTERPRISE ACQUISITION CORP    UNIT 99/99/9999  29365R207     1920   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
ENTERPRISE ACQUISITION CORP    UNIT 99/99/9999  29365R207     4810   500000 SH       DEFINED 1 2 3 4 6      500000        0        0
EQUINIX INC                    COM NEW          29444U502     6649   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
EVOLUTION PETROLEUM CORP       COM              30049A107     6188  1360000 SH       DEFINED 1 2 3 4 5     1360000        0        0
EXCO RESOURCES INC             COM              269279402    10126   547325 SH       DEFINED 1 2 3 4 5      547325        0        0
EXTREME NETWORKS INC           COM              30226D106      100    32190 SH       DEFINED 1 2 3 4 5       32190        0        0
FEDEX CORP                     COM              31428X106    30581   330000 SH  PUT  DEFINED 1 2 3 4 5      330000        0        0
FIDELITY NATL INFORMATION SV   COM              31620M106     3860   101200 SH       DEFINED 1 2 3 4 5      101200        0        0
FIRST MARBLEHEAD CORP          COM              320771108      101    13525 SH       DEFINED 1 2 3 4 5       13525        0        0
FIRST SOLAR INC                COM              336433107     2311    10000 SH       DEFINED 1 2 3 4 5       10000        0        0
FISERV INC                     COM              337738108     6069   126200 SH       DEFINED 1 2 3 4 5      126200        0        0
FLOWSERVE CORP                 COM              34354P105     1440    13800 SH       DEFINED 1 2 3 4 5       13800        0        0
FOCUS MEDIA HLDG LTD           SPONSORED ADR    34415V109      386    11000 SH       DEFINED 1 2 3 4 6       11000        0        0
FOREST LABS INC                COM              345838106      520    13000 SH       DEFINED 1 2 3 4 6       13000        0        0
FORMFACTOR INC                 COM              346375108     4775   250000 SH       DEFINED 1 2 3 4 5      250000        0        0
FOSTER WHEELER LTD             SHS NEW          G36535139     1280    22600 SH       DEFINED 1 2 3 4 5       22600        0        0
FREEPORT-MCMORAN COPPER & GO   COM              35671D857      433     4500 SH       DEFINED 1 2 3 4 5        4500        0        0
FRESH DEL MONTE PRODUCE INC    ORD              G36738105      516    14200 SH       DEFINED 1 2 3 4 6       14200        0        0
GATEHOUSE MEDIA INC            COM              367348109     5407   925800 SH       DEFINED 1 2 3 4 6      925800        0        0
GATEHOUSE MEDIA INC            COM              367348109   193599 22050000 SH       DEFINED 1 2 11 12 13 22050000        0        0
GATEHOUSE MEDIA INC            COM              367348109     7791  1334011 SH       DEFINED 1 2 3 4 5     1334011        0        0
GENERAL ELECTRIC CO            COM              369604103      433    11700 SH       DEFINED 1 2 3 4 5       11700        0        0
GENERAL GROWTH PPTYS INC       COM              370021107     1179    30900 SH       DEFINED 1 2 13          30900        0        0
GENERAL MTRS CORP              COM              370442105    19050  1000000 SH  PUT  DEFINED 1 2 3 4 5     1000000        0        0
GENZYME CORP                   COM              372917104      367     4919 SH       DEFINED 1 2 3 4 5        4919        0        0
GLOBAL BRANDS ACQUISITION CO   UNIT 99/99/9999  378982201     6790   700000 SH       DEFINED 1 2 3 4 5      700000        0        0
GLOBAL BRANDS ACQUISITION CO   UNIT 99/99/9999  378982201    14550  1500000 SH       DEFINED 1 2 3 4 6     1500000        0        0
GLOBAL CONSUMER ACQST CORP     *W EXP 11/27/201 378983118      350   511000 SH       DEFINED 1 2 3 4 6      511000        0        0
GLOBAL CONSUMER ACQST CORP     COM              378983100     3073   338500 SH       DEFINED 1 2 3 4 6      338500        0        0
GLOBAL CONSUMER ACQST CORP     UNIT 99/99/9999  378983209      642    64500 SH       DEFINED 1 2 3 4 6       64500        0        0
GOLD FIELDS LTD NEW            SPONSORED ADR    38059T106     2794   202000 SH       DEFINED 1 2 3 4 6      202000        0        0
GOLDEN POND HEALTHCARE INC     UNIT 99/99/9999  38116J208     5858   750000 SH       DEFINED 1 2 3 4 6      750000        0        0
GOOGLE INC                     CL A             38259P508     7486    16995 SH       DEFINED 1 2 3 4 5       16995        0        0
GRAFTECH INTL LTD              COM              384313102     7784   480201 SH       DEFINED 1 2 3 4 6      480201        0        0
GRANITE CONSTR INC             COM              387328107      366    11200 SH       DEFINED 1 2 3 4 5       11200        0        0
HANESBRANDS INC                COM              410345102    10667   365300 SH       DEFINED 1 2 3 4 5      365300        0        0
HAYES LEMMERZ INTL INC         COM NEW          420781304       36    13000 SH       DEFINED 1 2 3 4 5       13000        0        0
HEALTHWAYS INC                 COM              422245100      223     6319 SH       DEFINED 1 2 3 4 5        6319        0        0
HECKMANN CORP                  UNIT 99/99/9999  422680207     5006   625000 SH       DEFINED 1 2 3 4 5      625000        0        0
HECKMANN CORP                  UNIT 99/99/9999  422680207    10012  1250000 SH       DEFINED 1 2 3 4 6     1250000        0        0
HECLA MNG CO                   COM              422704106      147    13201 SH       DEFINED 1 2 3 4 5       13201        0        0
HEINZ H J CO                   COM              423074103     7060   150300 SH       DEFINED 1 2 3 4 5      150300        0        0
HERBALIFE LTD                  COM USD SHS      G4412G101     1008    21200 SH       DEFINED 1 2 3 4 6       21200        0        0
HESS CORP                      COM              42809H107     1210    13724 SH       DEFINED 1 2 3 4 5       13724        0        0
HEWLETT PACKARD CO             COM              428236103     4705   103040 SH       DEFINED 1 2 3 4 5      103040        0        0
HICKS ACQUISITION CO I INC     COM              429086309     5430   600000 SH       DEFINED 1 2 3 4 6      600000        0        0
HIGHLANDS ACQUISITION CORP     COM              430880104     3620   400000 SH       DEFINED 1 2 3 4 6      400000        0        0
HIGHLANDS ACQUISITION CORP     *W EXP 10/03/201 430880112       94   200000 SH       DEFINED 1 2 3 4 6      200000        0        0
HIMAX TECHNOLOGIES INC         SPONSORED ADR    43289P106      460    95000 SH       DEFINED 1 2 3 4 6       95000        0        0
HOME DEPOT INC                 COM              437076102     2797   100000 SH       DEFINED 1 2 3 4 5      100000        0        0
IDEATION ACQUISITION CORP      UNIT 99/99/9999  451665202     1850   250000 SH       DEFINED 1 2 3 4 6      250000        0        0
IHS INC                        CL A             451734107     3216    50000 SH       DEFINED 1 2 3 4 5       50000        0        0
ILLUMINA INC                   COM              452327109      355     4680 SH       DEFINED 1 2 3 4 5        4680        0        0
INFORMATICA CORP               COM              45666Q102      184    10787 SH       DEFINED 1 2 3 4 5       10787        0        0
INFOSYS TECHNOLOGIES LTD       SPONSORED ADR    456788108     1789    50000 SH       DEFINED 1 2 3 4 5       50000        0        0
INTUIT                         COM              461202103      276    10203 SH       DEFINED 1 2 3 4 5       10203        0        0
INVITROGEN CORP                COM              46185R100      212     2484 SH       DEFINED 1 2 3 4 5        2484        0        0
ISHARES TR                     DJ US TELECOMM   464287713     2851   122000 SH       DEFINED 1 2 3 4 5      122000        0        0
ISIS PHARMACEUTICALS INC       COM              464330109      222    15700 SH       DEFINED 1 2 3 4 5       15700        0        0
JOS A BANK CLOTHIERS INC       COM              480838101      906    44200 SH       DEFINED 1 2 3 4 6       44200        0        0
KANSAS CITY SOUTHERN           COM NEW          485170302     2006    50000 SH       DEFINED 1 2 3 4 5       50000        0        0
KAPSTONE PAPER & PACKAGING C   COM              48562P103     3244   490000 SH       DEFINED 1 2 3 4 5      490000        0        0
KBL HEALTHCARE ACQUIS CORP I   UNIT 99/99/9999  48241N206     4969   658100 SH       DEFINED 1 2 3 4 6      658100        0        0
KINETIC CONCEPTS INC           COM NEW          49460W208      934    20200 SH       DEFINED 1 2 3 4 6       20200        0        0
KINETIC CONCEPTS INC           COM NEW          49460W208      453     9800 SH       DEFINED 1 2 3 4 5        9800        0        0
KOHLS CORP                     COM              500255104      208     4850 SH       DEFINED 1 2 3 4 5        4850        0        0
KRAFT FOODS INC                CL A             50075N104     4652   150000 SH       DEFINED 1 2 3 4 5      150000        0        0
L-3 COMMUNICATIONS HLDGS INC   COM              502424104      366     3348 SH       DEFINED 1 2 3 4 5        3348        0        0
LINN ENERGY LLC                UNIT LTD LIAB    536020100     3800   200000 SH       DEFINED 1 2 3 4 6      200000        0        0
MARATHON ACQUISITION CORP      COM              565756103    10808  1400000 SH       DEFINED 1 2 3 4 6     1400000        0        0
MARATHON OIL CORP              COM              565849106      876    19200 SH       DEFINED 1 2 3 4 6       19200        0        0
MASTERCARD INC                 CL A             57636Q104     5575    25000 SH       DEFINED 1 2 3 4 5       25000        0        0
MBF HEALTHCARE ACQUISITION C   *W EXP 04/16/201 552650111      118   587500 SH       DEFINED 1 2 3 4 6      587500        0        0
MBF HEALTHCARE ACQUISITION C   COM              552650103     9180  1200000 SH       DEFINED 1 2 3 4 6     1200000        0        0
MCDERMOTT INTL INC             COM              580037109     1403    25600 SH       DEFINED 1 2 3 4 5       25600        0        0
MEDIACOM COMMUNICATIONS CORP   CL A             58446K105       54    12530 SH       DEFINED 1 2 3 4 5       12530        0        0
MERRILL LYNCH & CO INC         COM              590188108     3565    87500 SH       DEFINED 1 2 3 4 5       87500        0        0
MERRILL LYNCH & CO INC         COM              590188108    10185   250000 SH  PUT  DEFINED 1 2 3 4 5      250000        0        0
MICROSOFT CORP                 COM              594918104     1693    59660 SH       DEFINED 1 2 3 4 5       59660        0        0
MIRANT CORP NEW                COM              60467R100    34155   938600 SH       DEFINED 1 2 3 4 6      938600        0        0
MONSANTO CO NEW                COM              61166W101      725     6500 SH       DEFINED 1 2 3 4 5        6500        0        0
MOOG INC                       CL A             615394202      414     9800 SH       DEFINED 1 2 3 4 5        9800        0        0
MORGAN STANLEY CHINA A SH FD   COM              617468103      760    19100 SH       DEFINED 1 2 3 4 5       19100        0        0
MOSAIC CO                      COM              61945A107     1297    12638 SH       DEFINED 1 2 3 4 5       12638        0        0
NAVISTAR INTL CORP (NEW) CMN   NAVZ             63934E108    23952   398200 SH       DEFINED 1 2 3 4 6      398200        0        0
NEUSTAR INC                    CL A             64126X201      530    20000 SH       DEFINED 1 2 3 4 6       20000        0        0
NEWCASTLE                      COM              65105M108     8473  1025729 SH       DEFINED 1             1025729        0        0
NEWCASTLE INVT CORP            COM              65105M108     1582   191600 SH       DEFINED 1 2 3 4 6      191600        0        0
NEWMONT MINING CORP            COM              651639106      250     5527 SH       DEFINED 1 2 3 4 5        5527        0        0
NII HLDGS INC                  CL B NEW         62913F201      916    28800 SH       DEFINED 1 2 3 4 6       28800        0        0
NIKE INC                       CL B             654106103      404     5943 SH       DEFINED 1 2 3 4 5        5943        0        0
NOBLE CORPORATION              SHS              G65422100      496    10000 SH       DEFINED 1 2 3 4 6       10000        0        0
NORTHERN TR CORP               COM              665859104      219     3300 SH       DEFINED 1 2 3 4 5        3300        0        0
NORTHWESTERN CORP              COM NEW          668074305    20601   845348 SH       DEFINED 1 2 13         845348        0        0
NORTHWESTERN CORP              COM NEW          668074305     9168   376196 SH       DEFINED 1 2 3 4 5      376196        0        0
NUCOR CORP                     COM              670346105      230     3400 SH       DEFINED 1 2 3 4 5        3400        0        0
NUCOR CORP                     COM              670346105     1002    14800 SH       DEFINED 1 2 3 4 6       14800        0        0
ODYSSEY MARINE EXPLORATION I   COM              676118102    22094  4099059 SH       DEFINED 1 2 3 4 5     4099059        0        0
ODYSSEY MARINE EXPLORATION I   COM              676118102     1034   192000 SH       DEFINED 1 2 3 4 6      192000        0        0
OGE ENERGY CORP                COM              670837103      498    16000 SH       DEFINED 1 2 3 4 6       16000        0        0
OIL SVC HOLDRS TR              DEPOSTRY RCPT    678002106      636     3600 SH       DEFINED 1 2 3 4 5        3600        0        0
OM GROUP INC                   COM              670872100      458     8400 SH       DEFINED 1 2 3 4 6        8400        0        0
ONEOK INC NEW                  COM              682680103      938    21000 SH       DEFINED 1 2 3 4 6       21000        0        0
OPTIONSXPRESS HLDGS INC        COM              684010101      990    47800 SH       DEFINED 1 2 3 4 6       47800        0        0
ORACLE CORP                    COM              68389X105      594    30375 SH       DEFINED 1 2 3 4 5       30375        0        0
OWENS ILL INC                  COM NEW          690768403      337     5980 SH       DEFINED 1 2 3 4 5        5980        0        0
PAR PHARMACEUTICAL COS INC     COM              69888P106     8695   500000 SH  CALL DEFINED 1 2 3 4 5           0        0        0
PARAGON SHIPPING INC           CL A             69913R309     4671   308118 SH       DEFINED 1 2 3 4 5      308118        0        0
PENN NATL GAMING INC           COM              707569109     6883   157377 SH       DEFINED 1 2 13         157377        0        0
PENTAIR INC                    COM              709631105      606    19000 SH       DEFINED 1 2 3 4 5       19000        0        0
PERFORMANCE FOOD GROUP CO      COM              713755106    13425   410803 SH       DEFINED 1 2 3 4 5      410803        0        0
PHARMERICA CORP                COM              71714F104      202    12200 SH       DEFINED 1 2 3 4 5       12200        0        0
PNC FINL SVCS GROUP INC        COM              693475105      236     3600 SH       DEFINED 1 2 3 4 5        3600        0        0
POWERSHARES QQQ TRUST          UNIT SER 1       73935A104     4940   113000 SH       DEFINED 1 2 3 4 5      113000        0        0
POWERSHS DB MULTI SECT COMM    DB AGRICULT FD   73936B408      218     6000 SH       DEFINED 1 2 3 4 5        6000        0        0
PRAXAIR INC                    COM              74005P104      361     4280 SH       DEFINED 1 2 3 4 5        4280        0        0
PRIMEDIA INC                   COM NEW          74157K846      152    20737 SH       DEFINED 1 2 3 4 5       20737        0        0
PROSPECT ACQUISITION CORP      UNIT 99/99/9999  74347T202     8832   924800 SH       DEFINED 1 2 3 4 6      924800        0        0
PROSPECT ACQUISITION CORP      COM              74347T103     1816   200000 SH       DEFINED 1 2 3 4 6      200000        0        0
PROTALIX BIOTHERAPEUTICS INC   COM              74365A101       36    13528 SH       DEFINED 1 2 3 4 5       13528        0        0
PULTE HOMES INC                COM              745867101      162    11100 SH       DEFINED 1 2 3 4 5       11100        0        0
QUALCOMM INC                   COM              747525103     2058    50200 SH       DEFINED 1 2 3 4 5       50200        0        0
RADIOSHACK CORP                COM              750438103     8125   500000 SH       DEFINED 1 2 3 4 5      500000        0        0
RAIT FINANCIAL TRUST           COM              749227104      175    25273 SH       DEFINED 1 2 3 4 5       25273        0        0
RESEARCH IN MOTION LTD         COM              760975102     2806    25000 SH       DEFINED 1 2 3 4 5       25000        0        0
RITE AID CORP                  COM              767754104       50    16960 SH       DEFINED 1 2 3 4 5       16960        0        0
ROPER INDS INC NEW             COM              776696106      534     9000 SH       DEFINED 1 2 3 4 6        9000        0        0
SAPIENT CORP                   COM              803062108       96    13800 SH       DEFINED 1 2 3 4 5       13800        0        0
SAPPHIRE INDUSTRIALS CORP      UNIT 99/99/9999  80306T208     9600  1000000 SH       DEFINED 1 2 3 4 6     1000000        0        0
SBA COMMUNICATIONS CORP        COM              78388J106     5966   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
SCHLUMBERGER LTD               COM              806857108      362     4160 SH       DEFINED 1 2 3 4 5        4160        0        0
SCIELE PHARMA INC              COM              808627103      542    27800 SH       DEFINED 1 2 3 4 6       27800        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    24820  1000000 SH  PUT  DEFINED 1 2 3 4 5     1000000        0        0
SELECT SECTOR SPDR TR          SBI INT-TECH     81369Y803    49123  2193000 SH       DEFINED 1 2 3 4 5     2193000        0        0
SHAW GROUP INC                 COM              820280105     1051    22300 SH       DEFINED 1 2 3 4 5       22300        0        0
SHERWIN WILLIAMS CO            COM              824348106      510    10000 SH       DEFINED 1 2 3 4 5       10000        0        0
SPDR TR                        UNIT SER 1       78462F103      264     2000 SH       DEFINED 1 2 3 4 5        2000        0        0
STONELEIGH PARTNERS ACQUS CO   COM              861923100     9609  1747500 SH       DEFINED 1 2 3 4 6     1747500        0        0
STREETTRACKS GOLD TR           GOLD SHS         863307104    18076   200000 SH       DEFINED 1 2 3 4 5      200000        0        0
SYNIVERSE HLDGS INC            COM              87163F106      516    31000 SH       DEFINED 1 2 3 4 6       31000        0        0
TARGA RESOURCES PARTNERS LP    COM UNIT         87611X105    10616   456612 SH       DEFINED 1 2 3 4 6      456612        0        0
TEREX CORP NEW                 COM              880779103      938    15000 SH       DEFINED 1 2 3 4 6       15000        0        0
TRANSOCEAN INC NEW             SHS              G90073100      230     1704 SH       DEFINED 1 2 3 4 5        1704        0        0
TREEHOUSE FOODS INC            COM              89469A104     8111   354830 SH       DEFINED 1 2 3 4 5      354830        0        0
TREMISIS ENERGY ACQ CORP II    UNIT 99/99/9999  89472N200     8306  1100000 SH       DEFINED 1 2 3 4 6     1100000        0        0
TRIAN ACQUISITION I CORP       UNIT 99/99/9999  89582E207     3960   400000 SH       DEFINED 1 2 3 4 5      400000        0        0
TRIPLECROWN ACQUISITION CORP   UNIT 07/12/2012  89677G208     7479   775000 SH       DEFINED 1 2 3 4 5      775000        0        0
TRIPLECROWN ACQUISITION CORP   UNIT 07/12/2012  89677G208      558    57800 SH       DEFINED 1 2 3 4 6       57800        0        0
TRIPLECROWN ACQUISITION CORP   *W EXP 10/22/201 89677G117     1376  2501700 SH       DEFINED 1 2 3 4 6     2501700        0        0
TRIPLECROWN ACQUISITION CORP   COM              89677G109    24934  2740000 SH       DEFINED 1 2 3 4 6     2740000        0        0
TRIQUINT SEMICONDUCTOR INC     COM              89674K103       78    15410 SH       DEFINED 1 2 3 4 5       15410        0        0
TUPPERWARE BRANDS CORP         COM              899896104      232     6000 SH       DEFINED 1 2 3 4 5        6000        0        0
UNIT CORP                      COM              909218109      510     9000 SH       DEFINED 1 2 3 4 6        9000        0        0
UNITED REFINING ENERGY CORP    UNIT 12/11/2011  911360204    15664  1600000 SH       DEFINED 1 2 3 4 6     1600000        0        0
VAALCO ENERGY INC              COM NEW          91851C201       83    16800 SH       DEFINED 1 2 3 4 5       16800        0        0
VEOLIA ENVIRONNEMENT           SPONSORED ADR    92334N103      531     7600 SH       DEFINED 1 2 3 4 5        7600        0        0
VERENIUM CORPORATION           COM              92340P100       93    26405 SH       DEFINED 1 2 3 4 5       26405        0        0
VIACOM INC CLASS B             COM              92553P201      516    13000 SH       DEFINED 1 2 3 4 6       13000        0        0
VICTORY ACQUISITION CORP       *W EXP 04/24/201 92644D118      211   367000 SH       DEFINED 1 2 3 4 6      367000        0        0
VICTORY ACQUISITION CORP       COM              92644D100    14091  1499000 SH       DEFINED 1 2 3 4 6     1499000        0        0
WASHINGTON MUT INC             COM              939322103     5150   500000 SH  PUT  DEFINED 1 2 3 4 5      500000        0        0
WESTERN DIGITAL CORP           COM              958102105      444    16400 SH       DEFINED 1 2 3 4 6       16400        0        0
WILLBROS GROUP INC             COM              969199108     1388    45350 SH       DEFINED 1 2 13          45350        0        0
WILLIAMS COS INC DEL           COM              969457100    20282   615000 SH       DEFINED 1 2 3 4 6      615000        0        0
YAHOO INC                      COM              984332106      275     9500 SH       DEFINED 1 2 3 4 5        9500        0        0