The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| AETNA INC NEW | COM | 00817Y108 | 511,975 | 7,997,107 | SH | DFND | 1 | 7,997,107 | 0 | 0 | |
| AGNICO EAGLE MINES LTD | COM | 008474108 | 26,784 | 1,011,880 | SH | DFND | 1 | 1,011,880 | 0 | 0 | |
| ALLIED NEVADA GOLD CORP | COM | 019344100 | 6,279 | 1,502,184 | SH | DFND | 1 | 1,502,184 | 0 | 0 | |
| ALPHA NATURAL RESOURCES INC | COM | 02076X102 | 23,840 | 4,000,000 | SH | DFND | 1 | 4,000,000 | 0 | 0 | |
| AMC NETWORKS INC | CL A | 00164V103 | 338,774 | 4,945,600 | SH | DFND | 1 | 4,945,600 | 0 | 0 | |
| AMERICAN CAP LTD | COM | 02503Y103 | 52,040 | 3,784,700 | SH | DFND | 1 | 3,784,700 | 0 | 0 | |
| ANGLOGOLD ASHANTI LTD | SPONSORED ADR | 035128206 | 417,313 | 31,424,135 | SH | DFND | 1 | 31,424,135 | 0 | 0 | |
| BANK OF AMERICA CORPORATION | * W Exp 01/16/2019 | 060505146 | 164,906 | 27,078,152 | SH | DFND | 1 | 27,078,152 | 0 | 0 | |
| BANK OF AMERICA CORPORATION | * W Exp 10/28/2018 | 060505153 | 9,331 | 11,812,853 | SH | DFND | 1 | 11,812,853 | 0 | 0 | |
| BELO CORP | COM SER A | 080555105 | 123,866 | 9,041,300 | SH | DFND | 1 | 9,041,300 | 0 | 0 | |
| BOISE INC | COM | 09746Y105 | 85,117 | 6,755,300 | SH | DFND | 1 | 6,755,300 | 0 | 0 | |
| CAESARS ENTMT CORP | COM | 127686103 | 229,521 | 11,662,651 | SH | DFND | 1 | 11,662,651 | 0 | 0 | |
| CAPITAL ONE FINL CORP | *W EXP 11/14/2018 | 14040H139 | 105,668 | 3,632,434 | SH | DFND | 1 | 3,632,434 | 0 | 0 | |
| CABLEVISION SYS CORP | CL A NY CABLVS | 12686C109 | 353,640 | 21,000,000 | SH | DFND | 1 | 21,000,000 | 0 | 0 | |
| CITIGROUP INC | COM NEW | 172967424 | 48,510 | 1,000,000 | SH | DFND | 1 | 1,000,000 | 0 | 0 | |
| COBALT INTL ENERGY INC | COM | 19075F106 | 288,846 | 11,618,900 | SH | DFND | 1 | 11,618,900 | 0 | 0 | |
| COBALT INTL ENERGY INC | NOTE 2.625%12/001/2019 | 19075FAA4 | 52,875 | 50,000,000 | SH | DFND | 1 | 50,000,000 | 0 | 0 | |
| COLONY FINL INC | NOTE 5.000% 4/15/2023 ADDED | 19624RAA4 | 25,828 | 25,000,000 | SH | DFND | 1 | 25,000,000 | 0 | 0 | |
| CNO FINL GROUP INC | COM | 12621E103 | 179,418 | 12,459,577 | SH | DFND | 1 | 12,459,577 | 0 | 0 | |
| COOPER TIRE & RUBR CO | COM | 216831107 | 167,983 | 5,454,000 | SH | DFND | 1 | 5,454,000 | 0 | 0 | |
| DELPHI AUTOMOTIVE PLC | SHS | G27823106 | 93,472 | 1,600,000 | SH | DFND | 1 | 1,600,000 | 0 | 0 | |
| DEX MEDIA INC NEW | COM | 25213A107 | 18,094 | 2,231,132 | SH | DFND | 1 | 2,231,132 | 0 | 0 | |
| EQUINIX INC | COM NEW | 29444U502 | 220,380 | 1,200,000 | SH | DFND | 1 | 1,200,000 | 0 | 0 | |
| FAMILY DLR STORES INC | COM | 307000109 | 811,349 | 11,265,600 | SH | DFND | 1 | 11,265,600 | 0 | 0 | |
| FEDEX CORP | COM | 31428X106 | 73,806 | 646,800 | SH | DFND | 1 | 646,800 | 0 | 0 | |
| FELCOR LODGING TR INC | COM | 31430F101 | 30,800 | 5,000,000 | SH | DFND | 1 | 5,000,000 | 0 | 0 | |
| FIDELITY NATIONAL FINANCIAL | CL A | 31620R105 | 66,500 | 2,500,000 | SH | DFND | 1 | 2,500,000 | 0 | 0 | |
| FREEPORT-MCMORAN COPPER & GO | COM | 35671D857 | 512,938 | 15,505,982 | SH | DFND | 1 | 15,505,982 | 0 | 0 | |
| GENWORTH FINL INC | COM CL A | 37247D106 | 115,200 | 9,000,000 | SH | DFND | 1 | 9,000,000 | 0 | 0 | |
| GOLD FIELDS LTD NEW | SPONSORED ADR | 38059T106 | 29,841 | 6,529,748 | SH | DFND | 1 | 6,529,748 | 0 | 0 | |
| GRIFOLS S A | SPONSORED ADR | 398438408 | 600,698 | 19,838,107 | SH | DFND | 1 | 19,838,107 | 0 | 0 | |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 185,745 | 5,968,670 | SH | DFND | 1 | 5,968,670 | 0 | 0 | |
| HARTFORD FINL SVCS GROUP INC | W EXP 6/26/2019 | 416515120 | 73,596 | 3,292,900 | SH | DFND | 1 | 3,292,900 | 0 | 0 | |
| HCA HOLDINGS INC | COM | 40412C101 | 145,518 | 3,403,919 | SH | DFND | 1 | 3,403,919 | 0 | 0 | |
| HESS CORP | COM | 42809H107 | 359,523 | 4,648,600 | SH | DFND | 1 | 4,648,600 | 0 | 0 | |
| HILLSHIRE BRANDS CO | COM | 432589109 | 92,512 | 3,009,500 | SH | DFND | 1 | 3,009,500 | 0 | 0 | |
| HOWARD HUGHES CORP | COM | 44267D107 | 35,397 | 315,000 | SH | DFND | 1 | 315,000 | 0 | 0 | |
| INTERDIGITAL INC | COM | 45867G101 | 111,251 | 2,979,400 | SH | DFND | 1 | 2,979,400 | 0 | 0 | |
| INTEROIL CORP | COM | 460951106 | 84,964 | 1,191,472 | SH | DFND | 1 | 1,191,472 | 0 | 0 | |
| INTERNATIONAL TOWER HILL MIN | COM | 46050R102 | 2,788 | 8,908,000 | SH | DFND | 1 | 8,908,000 | 0 | 0 | |
| IAMGOLD CORP | COM | 450913108 | 18,354 | 3,863,912 | SH | DFND | 1 | 3,863,912 | 0 | 0 | |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 88,567 | 963,000 | SH | DFND | 1 | 963,000 | 0 | 0 | |
| KAMADA LTD | SHS ADDED | M6240T109 | 11,475 | 750,000 | SH | DFND | 1 | 750,000 | 0 | 0 | |
| KAYDON CORP | COM | 486587108 | 35,520 | 1,000,000 | SH | DFND | 1 | 1,000,000 | 0 | 0 | |
| KODIAK OIL & GAS CORP | COM | 50015Q100 | 313,560 | 26,000,001 | SH | DFND | 1 | 26,000,001 | 0 | 0 | |
| LEAP WIRELESS INTL INC | COM NEW | 521863308 | 34,760 | 2,200,000 | SH | DFND | 1 | 2,200,000 | 0 | 0 | |
| LIFE TECHNOLOGIES CORP | COM | 53217V109 | 13,548 | 181,053 | SH | DFND | 1 | 181,053 | 0 | 0 | |
| MALLINCKRODT PUB LTD CO | SHS ADDED | G5785G107 | 248,668 | 5,640,000 | SH | DFND | 1 | 5,640,000 | 0 | 0 | |
| MGIC INVT CORP WIS | COM | 552848103 | 120,571 | 16,562,000 | SH | DFND | 1 | 16,562,000 | 0 | 0 | |
| MGIC INVT CORP WIS | NOTE 2.000% 4/01/2020 | 552848AE3 | 190,406 | 150,000,000 | SH | DFND | 1 | 150,000,000 | 0 | 0 | |
| MGM RESORTS INTERNATIONAL | COM | 552953101 | 609,112 | 29,800,000 | SH | DFND | 1 | 29,800,000 | 0 | 0 | |
| M & T BK CORP | COM | 55261F104 | 195,587 | 1,747,560 | SH | DFND | 1 | 1,747,560 | 0 | 0 | |
| MYLAN INC | COM | 628530107 | 463,357 | 12,139,300 | SH | DFND | 1 | 12,139,300 | 0 | 0 | |
| NATIONAL BK HLDGS CORP | CL A | 633707104 | 44,678 | 2,175,155 | SH | DFND | 1 | 2,175,155 | 0 | 0 | |
| NOVAGOLD RES INC | COM NEW | 66987E206 | 81,742 | 35,839,014 | SH | DFND | 1 | 35,839,014 | 0 | 0 | |
| NOVACOPPER INC | COM | 66988K102 | 11,248 | 5,912,709 | SH | DFND | 1 | 5,912,709 | 0 | 0 | |
| OASIS PETE INC NEW | COM | 674215108 | 39,053 | 794,900 | SH | DFND | 1 | 794,900 | 0 | 0 | |
| PIONEER NAT RES CO | COM | 723787107 | 339,840 | 1,800,000 | SH | DFND | 1 | 1,800,000 | 0 | 0 | |
| POPULAR INC | COM | 733174700 | 232,193 | 8,845,448 | SH | DFND | 1 | 8,845,448 | 0 | 0 | |
| POST HLDGS INC | COM | 737446104 | 49,825 | 1,234,200 | SH | DFND | 1 | 1,234,200 | 0 | 0 | |
| RADIAN GROUP INC | COM | 750236101 | 158,717 | 11,393,900 | SH | DFND | 1 | 11,393,900 | 0 | 0 | |
| RANDGOLD RES LTD | ADR | 752344309 | 47,975 | 670,700 | SH | DFND | 1 | 670,700 | 0 | 0 | |
| RADIAN GROUP INC | NOTE 2.250% 3/01/2019 | 750236AN1 | 123,264 | 84,500,000 | SH | DFND | 1 | 84,500,000 | 0 | 0 | |
| REDWOOD TR INC | NOTE 4.625% 4/15/2018 | 758075AB1 | 26,344 | 25,000,000 | SH | DFND | 1 | 25,000,000 | 0 | 0 | |
| REALOGY HLDGS CORP | COM | 75605Y106 | 516,240 | 12,000,000 | SH | DFND | 1 | 12,000,000 | 0 | 0 | |
| RESOLUTE FST PRODS INC | COM | 76117W909 | 750 | 56,742 | SH | DFND | 1 | 56,742 | 0 | 0 | |
| ROCK-TENN CO | CL A | 772739207 | 60,762 | 600,000 | SH | DFND | 1 | 600,000 | 0 | 0 | |
| ROYAL BK SCOTLAND GROP PLC | ADR PFD SER P | 780097762 | 4,320 | 210,200 | SH | DFND | 1 | 210,200 | 0 | 0 | |
| ROYAL BK SCOTLAND GROP PLC | ADR PREF SHS R | 780097747 | 3,623 | 179,900 | SH | DFND | 1 | 179,900 | 0 | 0 | |
| RUE21 INC | COM | 781295100 | 12,131 | 300,800 | SH | DFND | 1 | 300,800 | 0 | 0 | |
| RYMAN HOSPITALITY PPTYS INC | COM ADDED | 78377T107 | 38,665 | 1,120,400 | SH | DFND | 1 | 1,120,400 | 0 | 0 | |
| SHIRE PLC | SPONSORED ADR | 82481R106 | 340,907 | 2,843,500 | SH | DFND | 1 | 2,843,500 | 0 | 0 | |
| SIBANYE GOLD LTD | SPONSORED ADR | 825724206 | 8,505 | 1,632,435 | SH | DFND | 1 | 1,632,435 | 0 | 0 | |
| SPDR GOLD TRUST | GOLD SHS | 78463V107 | 1,311,903 | 10,234,852 | SH | DFND | 1 | 10,234,852 | 0 | 0 | |
| SPRINT CORP COM | COM SER 1 ADDED | 85207U105 | 352,172 | 56,628,439 | SH | DFND | 1 | 56,628,439 | 0 | 0 | |
| STARWOOD PPTY TR INC NOTE 4.550% 3/0 ADDED | NOTE 4.550% 3/01/2018 | 85571BAA3 | 25,984 | 25,000,000 | SH | DFND | 1 | 25,000,000 | 0 | 0 | |
| STATE BK FINL CORP | COM | 856190103 | 20,031 | 1,262,200 | SH | DFND | 1 | 1,262,200 | 0 | 0 | |
| STRATEGIC HOTELS & RESORTS I | COM | 86272T106 | 14,235 | 1,640,000 | SH | DFND | 1 | 1,640,000 | 0 | 0 | |
| SUNSTONE HOTEL INVS INC | COM NEW | 867892101 | 3,140 | 246,458 | SH | DFND | 1 | 246,458 | 0 | 0 | |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 526,259 | 5,710,900 | SH | DFND | 1 | 5,710,900 | 0 | 0 | |
| TIME WARNER CABLE INC | COM | 88732J207 | 446,400 | 4,000,000 | SH | DFND | 1 | 4,000,000 | 0 | 0 | |
| T-MOBILE US INC | COM ADDED | 872590104 | 504,731 | 19,435,149 | SH | DFND | 1 | 19,435,149 | 0 | 0 | |
| VODAFONE GROUP PLC NEW | SPONS ADR NEW | 92857W209 | 703,600 | 20,000,000 | SH | DFND | 1 | 20,000,000 | 0 | 0 | |
| WHITING PETE CORP NEW | COM | 966387102 | 47,659 | 796,300 | SH | DFND | 1 | 796,300 | 0 | 0 | |
| WHITEWAVE FOODS CO | COM CL A | 966244105 | 31,952 | 1,600,000 | SH | DFND | 1 | 1,600,000 | 0 | 0 | |
| LYON WILLIAM HOMES | CL A NEW | 552074700 | 67,517 | 3,322,666 | SH | DFND | 1 | 3,322,666 | 0 | 0 | |
| W P CAREY INC | COM ADDED | 92936U109 | 99,305 | 1,534,860 | SH | DFND | 1 | 1,534,860 | 0 | 0 | |