Mariner Investment 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
3M CO	COM	88579Y101	14,734	105,052	SH		DFND		105,052	0	0
ALCOA INC	COM	013817101	23	13,900	SH	Call	DFND		13,900	0	0
ALCOA INC	COM	013817101	2	14,000	SH	Put	DFND		14,000	0	0
ALLERGAN INC	COM	018490102	3,299	29,700	SH		DFND		29,700	0	0
AMBEV SA	SPONSORED ADR	02319V103	3,962	538,985	SH		DFND		538,985	0	0
AMBEV SA	SPONSORED ADR	02319V103	7	55,500	SH	Call	DFND		55,500	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	870	27,000	SH		DFND		27,000	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	576	40,000	SH		DFND		40,000	0	0
AMERICAN INCOME FD INC	COM	02672T109	95	12,957	SH		DFND		12,957	0	0
ANNALY CAP MGMT INC	COM	035710409	20	50,000	SH	Put	DFND		50,000	0	0
ANNALY CAP MGMT INC	COM	035710409	19	50,000	SH	Call	DFND		50,000	0	0
APACHE CORP	COM	037411105	8	10,000	SH	Call	DFND		10,000	0	0
APOLLO TACTICAL INCOME FD IN	COM	037638103	1,592	88,446	SH		DFND		88,446	0	0
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	3,898	216,797	SH		DFND		216,797	0	0
ARES MULTI STRATEGY CR FD IN	COM	04014Q108	3,292	155,500	SH		DFND		155,500	0	0
AT&T INC	COM	00206R102	505	14,356	SH		DFND		14,356	0	0
AT&T INC	COM	00206R102	49	114,000	SH	Call	DFND		114,000	0	0
AT&T INC	COM	00206R102	130	164,000	SH	Put	DFND		164,000	0	0
AVENUE INCOME CR STRATEGIES	COM	05358E106	871	49,566	SH		DFND		49,566	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	13	100,000	SH	Put	DFND		100,000	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	320	25,500	SH		DFND		25,500	0	0
BANK OF AMERICA CORPORATION	COM	060505104	35	288,800	SH	Put	DFND		288,800	0	0
BANK OF AMERICA CORPORATION	COM	060505104	100	98,000	SH	Call	DFND		98,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	1,105	71,000	SH		DFND		71,000	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	629	14,775	SH		DFND		14,775	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	36	30,000	SH	Call	DFND		30,000	0	0
BARRICK GOLD CORP	COM	067901108	487	27,600	SH		DFND		27,600	0	0
BARRICK GOLD CORP	COM	067901108	64	200,000	SH	Put	DFND		200,000	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	3,894	57,095	SH		DFND		57,095	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	219	120,000	SH	Call	DFND		120,000	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	478	132,000	SH	Put	DFND		132,000	0	0
BLACKROCK ECOSOLUTIONS INVT	COM SH	092546100	335	42,668	SH		DFND		42,668	0	0
BLACKROCK GLOBAL OPP EQTY TR	COM	092501105	1,003	67,067	SH		DFND		67,067	0	0
BLACKROCK MULTI-SECTOR INC T	COM	09258A107	4,832	282,382	SH		DFND		282,382	0	0
BLACKROCK MUN INCOME TR	BRIC ETF	09248F109	552	43,500	SH		DFND		43,500	0	0
BLACKROCK MUN TARGET TERM TR	COM SHS BEN IN	09257P105	1,010	59,000	SH		DFND		59,000	0	0
BLACKROCK MUNI INCOME TR II	COM	09249N101	1,563	118,261	SH		DFND		118,261	0	0
BLACKROCK MUNI INTER DR FD I	COM	09253X102	429	30,840	SH		DFND		30,840	0	0
BLACKROCK MUNICIPL INC QLTY	COM	092479104	1,152	90,857	SH		DFND		90,857	0	0
BLACKROCK MUNIENHANCED FD IN	COM	09253Y100	1,129	108,523	SH		DFND		108,523	0	0
BLACKROCK MUNIHLDGS NJ QLTY	COM	09254X101	145	11,020	SH		DFND		11,020	0	0
BLACKROCK MUNIHLDNGS QLTY II	COM	09254C107	1,682	139,102	SH		DFND		139,102	0	0
BLACKROCK MUNIHLDS INVSTM QL	COM	09254P108	1,324	105,760	SH		DFND		105,760	0	0
BLACKROCK MUNIHOLDINGS FD IN	COM	09253N104	2,110	145,493	SH		DFND		145,493	0	0
BLACKROCK MUNIVEST FD II INC	COM	09253T101	649	46,650	SH		DFND		46,650	0	0
BLACKROCK MUNIVEST FD INC	COM	09253R105	501	56,239	SH		DFND		56,239	0	0
BLACKROCK MUNIY QUALITY FD I	COM	09254G108	240	20,540	SH		DFND		20,540	0	0
BLACKROCK MUNIYIELD CALIF FD	COM	09254M105	426	30,905	SH		DFND		30,905	0	0
BLACKROCK MUNIYIELD FD INC	COM	09253W104	2,934	228,892	SH		DFND		228,892	0	0
BLACKROCK MUNIYIELD NY QLTY	COM	09255E102	367	30,400	SH		DFND		30,400	0	0
BLACKROCK MUNIYIELD QLTY FD	COM	09254E103	912	72,018	SH		DFND		72,018	0	0
BLACKROCK MUNIYLD MICH QLTY	COM	09254V105	357	28,656	SH		DFND		28,656	0	0
BLACKROCK N J MUN INCOME TR	SH BEN INT	09248J101	293	22,334	SH		DFND		22,334	0	0
BLACKROCK UTIL & INFRASTRCTU	COM	09248D104	636	35,618	SH		DFND		35,618	0	0
BLACKSTONE GSO LNG SHRT CR I	COM SHS BN INT	09257D102	1,256	70,265	SH		DFND		70,265	0	0
BLACKSTONE GSO STRATEGIC CR	COM SHS BEN IN	09257R101	7,935	445,791	SH		DFND		445,791	0	0
BOULDER GROWTH & INCOME FD I	COM	101507101	2,541	315,993	SH		DFND		315,993	0	0
BOULDER TOTAL RETURN FD INC	COM	101541100	352	15,286	SH		DFND		15,286	0	0
BROOKFIELD MTG OPP INC FD IN	COM	112792106	7,163	432,281	SH		DFND		432,281	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	15	60,000	SH	Call	DFND		60,000	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	21	10,000	SH	Call	DFND		10,000	0	0
CATERPILLAR INC DEL	COM	149123101	328	316,900	SH	Put	DFND		316,900	0	0
CATERPILLAR INC DEL	COM	149123101	1,156	230,200	SH	Call	DFND		230,200	0	0
CENTRAL FD CDA LTD	CL A	153501101	7,226	545,341	SH		DFND		545,341	0	0
CHEESECAKE FACTORY INC	COM	163072101	323	80,900	SH	Call	DFND		80,900	0	0
CHEESECAKE FACTORY INC	COM	163072101	3	53,700	SH	Put	DFND		53,700	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	2	20,000	SH	Call	DFND		20,000	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	4,881	93,348	SH		DFND		93,348	0	0
CISCO SYS INC	COM	17275R102	188	385,800	SH	Call	DFND		385,800	0	0
CISCO SYS INC	COM	17275R102	72	143,900	SH	Put	DFND		143,900	0	0
COACH INC	COM	189754104	8	20,000	SH	Call	DFND		20,000	0	0
COBALT INTL ENERGY INC	COM	19075F106	20	15,000	SH	Call	DFND		15,000	0	0
COHEN & STEERS MLP INC & ENR	COM SHS	19249B106	185	10,100	SH		DFND		10,100	0	0
COHEN & STEERS SLT PFD INCM	COM	19248Y107	604	24,464	SH		DFND		24,464	0	0
COMCAST CORP NEW	CL A	20030N101	28	30,000	SH	Call	DFND		30,000	0	0
COMCAST CORP NEW	CL A	20030N101	7,809	150,277	SH		DFND		150,277	0	0
COMCAST CORP NEW	CL A SPL	20030N200	1,746	35,000	SH		DFND		35,000	0	0
COMMONWEALTH REIT	6.50% PFD CUM CO	203233408	782	38,104	SH		DFND		38,104	0	0
COOPER TIRE & RUBR CO	COM	216831107	16	15,300	SH	Put	DFND		15,300	0	0
CORNING INC	COM	219350105	28	15,000	SH	Call	DFND		15,000	0	0
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	76	50,000	SH	Put	DFND		50,000	0	0
CUSHING RTY & INCOME FD	COM SH BEN INT	23164R104	805	47,427	SH		DFND		47,427	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	662	87,900	SH	Put	DFND		87,900	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	6	84,800	SH	Call	DFND		84,800	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	4,388	77,088	SH		DFND		77,088	0	0
DICKS SPORTING GOODS INC	COM	253393102	29	10,000	SH	Call	DFND		10,000	0	0
DIGITAL RLTY TR INC	COM	253868103	6	10,000	SH	Call	DFND		10,000	0	0
DISH NETWORK CORP	CL A	25470M109	1,248	330,800	SH	Call	DFND		330,800	0	0
DISH NETWORK CORP	CL A	25470M109	139	63,200	SH	Put	DFND		63,200	0	0
DOUBLELINE INCOME SOLUTIONS	COM	258622109	9,121	432,500	SH		DFND		432,500	0	0
DREYFUS MUN BD INFRSTRCTR FD	SHS	26203D101	2,139	206,630	SH		DFND		206,630	0	0
DREYFUS MUN INCOME INC	COM	26201R102	431	50,952	SH		DFND		50,952	0	0
DREYFUS STRATEGIC MUN BD FD	COM	26202F107	695	93,620	SH		DFND		93,620	0	0
DREYFUS STRATEGIC MUNS INC	COM	261932107	586	77,100	SH		DFND		77,100	0	0
DWS MUN INCOME TR	COM	23338M106	2,020	168,461	SH		DFND		168,461	0	0
E M C CORP MASS	COM	268648102	36	30,000	SH	Call	DFND		30,000	0	0
E M C CORP MASS	COM	268648102	604	24,000	SH		DFND		24,000	0	0
EATON VANCE FLTG RATE INCOM	COM SHS BEN INT	278284104	595	32,788	SH		DFND		32,788	0	0
EATON VANCE MUNI INCOME TRUS	SH BEN INT	27826U108	347	33,000	SH		DFND		33,000	0	0
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	253	22,428	SH		DFND		22,428	0	0
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	575	38,163	SH		DFND		38,163	0	0
EATON VANCE SR INCOME TR	SH BEN INT	27826S103	1,304	188,700	SH		DFND		188,700	0	0
EATON VANCE TAX-ADV BD & OPT	COM SH BEN INT	27829M103	3,333	234,711	SH		DFND		234,711	0	0
EL PASO ENERGY CAP TR I	PFD CV TR SECS	283678209	33,189	592,868	SH		DFND		592,868	0	0
ENSCO PLC	SHS CLASS A	G3157S106	116	54,100	SH	Call	DFND		54,100	0	0
ENSCO PLC	SHS CLASS A	G3157S106	104	75,100	SH	Put	DFND		75,100	0	0
EOG RES INC	COM	26875P101	655	20,000	SH	Call	DFND		20,000	0	0
EPR PPTYS	PFD C CNV 5.75%	26884U208	9,784	482,934	SH		DFND		482,934	0	0
EV ENERGY PARTNERS LP	COM UNITS	26926V107	848	25,000	SH		DFND		25,000	0	0
EXXON MOBIL CORP	COM	30231G102	836	114,000	SH	Call	DFND		114,000	0	0
EXXON MOBIL CORP	COM	30231G102	89	140,400	SH	Put	DFND		140,400	0	0
FACEBOOK INC	CL A	30303M102	25	15,000	SH	Call	DFND		15,000	0	0
FEDERATED PREM MUN INC FD	COM	31423P108	199	15,084	SH		DFND		15,084	0	0
FIFTH STREET FINANCE CORP	COM	31678A103	922	99,656	SH		DFND		99,656	0	0
FIRST TR HIGH INCOME L/S FD	COM	33738E109	1,582	91,897	SH		DFND		91,897	0	0
FIRST TR INTER DUR PFD & IN	COM	33718W103	7,116	334,883	SH		DFND		334,883	0	0
FIRST TRUST SPECIALTY FINANC	COM BEN INTR	33733G109	173	21,998	SH		DFND		21,998	0	0
FLAHERTY & CRUMRINE DYN PFD	SHS	33848W106	6,154	299,736	SH		DFND		299,736	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	204	13,200	SH		DFND		13,200	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	6	151,700	SH	Call	DFND		151,700	0	0
FORTRESS INVESTMENT GROUP LL	CL A	34958B106	164	321,300	SH	Call	DFND		321,300	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	1,519	40,247	SH		DFND		40,247	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	54	368,700	SH	Call	DFND		368,700	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	9	30,100	SH	Put	DFND		30,100	0	0
FRESH MKT INC	COM	35804H106	1,215	30,000	SH		DFND		30,000	0	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	2,712	300,700	SH		DFND		300,700	0	0
GAMCO NAT RES GOLD & INCOME	SH BEN INT	36465E101	859	85,686	SH		DFND		85,686	0	0
GENERAL ELECTRIC CO	COM	369604103	645	23,000	SH		DFND		23,000	0	0
GENERAL ELECTRIC CO	COM	369604103	394	215,000	SH	Call	DFND		215,000	0	0
GENERAL ELECTRIC CO	COM	369604103	8	123,800	SH	Put	DFND		123,800	0	0
GENERAL MTRS CO	COM	37045V100	533	265,000	SH	Call	DFND		265,000	0	0
GENERAL MTRS CO	COM	37045V100	22	27,900	SH	Put	DFND		27,900	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	18,289	585,821	SH		DFND		585,821	0	0
GERDAU S A	SPON ADR REP PFD	373737105	1,882	240,000	SH		DFND		240,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	183	40,000	SH	Call	DFND		40,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	5	40,000	SH	Put	DFND		40,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	350	1,977	SH		DFND		1,977	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	25	500,000	SH	Put	DFND		500,000	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	3,950	500,000	SH	Call	DFND		500,000	0	0
GOOGLE INC	CL A	38259P508	242	10,500	SH	Call	DFND		10,500	0	0
GOOGLE INC	CL A	38259P508	247	11,700	SH	Put	DFND		11,700	0	0
GUGGENHEIM BLD AMR BDS MANG	COM	401664107	1,720	86,764	SH		DFND		86,764	0	0
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	1,375	77,057	SH		DFND		77,057	0	0
HANCOCK JOHN PFD INCOME FD I	COM	41013X106	794	44,339	SH		DFND		44,339	0	0
HANCOCK JOHN PFD INCOME FD I	COM	41021P103	1,808	115,997	SH		DFND		115,997	0	0
HANCOCK JOHN PREMUIM DIV FD	COM SH BEN INT	41013T105	1,229	105,991	SH		DFND		105,991	0	0
HEALTH CARE REIT INC	PFD PER CON I	42217K601	12,545	243,400	SH		DFND		243,400	0	0
HERBALIFE LTD	COM USD SHS	G4412G101	3,590	200,000	SH	Call	DFND		200,000	0	0
INTEL CORP	COM	458140100	13,626	525,000	SH		DFND		525,000	0	0
INVESCO ADVANTAGE MUNICIPAL	SH BEN INT	46132E103	1,642	156,117	SH		DFND		156,117	0	0
INVESCO DYNAMIC CR OPP FD	COM	46132R104	4,791	371,389	SH		DFND		371,389	0	0
INVESCO MUN OPPORTUNITY TR	COM	46132C107	898	76,700	SH		DFND		76,700	0	0
INVESCO QUALITY MUNI INC TRS	COM	46133G107	149	13,414	SH		DFND		13,414	0	0
INVESCO SR INCOME TR	COM	46131H107	958	190,000	SH		DFND		190,000	0	0
INVESCO TR INVT GRADE MUNS	COM	46131M106	2,499	205,159	SH		DFND		205,159	0	0
ISHARES	MSCI JAPAN ETF	464286848	304	742,800	SH	Put	DFND		742,800	0	0
ISHARES	MSCI JAPAN ETF	464286848	5,272	434,300	SH		DFND		434,300	0	0
ISHARES	MSCI JAPAN ETF	464286848	119	424,000	SH	Call	DFND		424,000	0	0
ISHARES	CHINA LG-CAP ETF	464287184	282	221,500	SH	Put	DFND		221,500	0	0
ISHARES	CHINA LG-CAP ETF	464287184	2,072	54,000	SH		DFND		54,000	0	0
ISHARES	CHINA LG-CAP ETF	464287184	110	152,400	SH	Call	DFND		152,400	0	0
ISHARES	MSCI EMG MKT ETF	464287234	83	129,500	SH	Call	DFND		129,500	0	0
ISHARES	MSCI EMG MKT ETF	464287234	2	50,000	SH	Put	DFND		50,000	0	0
ISHARES	20+ YR TR BD ETF	464287432	9,842	96,625	SH		DFND		96,625	0	0
ISHARES	20+ YR TR BD ETF	464287432	187	286,100	SH	Call	DFND		286,100	0	0
ISHARES	20+ YR TR BD ETF	464287432	655	162,300	SH	Put	DFND		162,300	0	0
ISHARES	U.S. REAL ES ETF	464287739	32	25,000	SH	Put	DFND		25,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	20	100,000	SH	Call	DFND		100,000	0	0
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	530	7,000	SH		DFND		7,000	0	0
KKR INCOME OPPORTUNITIES FD	COM	48249T106	2,188	121,818	SH		DFND		121,818	0	0
KOHLS CORP	COM	500255104	870	15,324	SH		DFND		15,324	0	0
KOHLS CORP	COM	500255104	24	68,000	SH	Put	DFND		68,000	0	0
LAUDER ESTEE COS INC	CL A	518439104	921	122,000	SH	Call	DFND		122,000	0	0
LAUDER ESTEE COS INC	CL A	518439104	49	83,100	SH	Put	DFND		83,100	0	0
LEAP WIRELESS INTL INC	COM NEW	521863308	1,521	87,403	SH		DFND		87,403	0	0
LEGG MASON BW GLB INC OPP FD	COM	52469B100	1,162	68,889	SH		DFND		68,889	0	0
LENNAR CORP	CL B	526057302	688	20,400	SH		DFND		20,400	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	835	9,900	SH		DFND		9,900	0	0
LILLY ELI & CO	COM	532457108	357	7,000	SH		DFND		7,000	0	0
LILLY ELI & CO	COM	532457108	16	100,000	SH	Call	DFND		100,000	0	0
LILLY ELI & CO	COM	532457108	30	100,000	SH	Put	DFND		100,000	0	0
LMP REAL ESTATE INCOME FD IN	COM	50208C108	460	45,721	SH		DFND		45,721	0	0
LOCKHEED MARTIN CORP	COM	539830109	17,812	119,820	SH		DFND		119,820	0	0
LULULEMON ATHLETICA INC	COM	550021109	31	20,000	SH	Call	DFND		20,000	0	0
MACK CALI RLTY CORP	COM	554489104	376	17,500	SH		DFND		17,500	0	0
MAINSTAY DEFINEDTERM MN OPP	COM	56064K100	958	60,740	SH		DFND		60,740	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	21,584	1,021,500	SH		DFND		1,021,500	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	55	75,900	SH	Call	DFND		75,900	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	19,480	1,090,100	SH	Put	DFND		1,090,100	0	0
MARKET VECTORS ETF TR	OIL SVCS ETF	57060U191	5	20,000	SH	Put	DFND		20,000	0	0
MASTERCARD INC	CL A	57636Q104	4,256	5,094	SH		DFND		5,094	0	0
MATTEL INC	COM	577081102	285	6,000	SH		DFND		6,000	0	0
MATTEL INC	COM	577081102	155	90,000	SH	Call	DFND		90,000	0	0
MATTEL INC	COM	577081102	9	85,000	SH	Put	DFND		85,000	0	0
MCDONALDS CORP	COM	580135101	223	2,300	SH		DFND		2,300	0	0
MCDONALDS CORP	COM	580135101	83	51,000	SH	Call	DFND		51,000	0	0
MCDONALDS CORP	COM	580135101	115	78,500	SH	Put	DFND		78,500	0	0
MFS INTER INCOME TR	SH BEN INT	55273C107	1,308	252,596	SH		DFND		252,596	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	610	200,000	SH	Call	DFND		200,000	0	0
MICROSOFT CORP	COM	594918104	1,541	41,200	SH		DFND		41,200	0	0
MICROSOFT CORP	COM	594918104	117	65,000	SH	Call	DFND		65,000	0	0
MICROSOFT CORP	COM	594918104	65	65,000	SH	Put	DFND		65,000	0	0
MOBILE TELESYSTEMS OJSC	SPONSORED ADR	607409109	959	44,314	SH		DFND		44,314	0	0
MOLSON COORS BREWING CO	CL B	60871R209	92	60,000	SH	Call	DFND		60,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	6	15,000	SH	Put	DFND		15,000	0	0
MOSAIC CO NEW	COM	61945C103	804	17,000	SH		DFND		17,000	0	0
MVC CAPITAL INC	COM	553829102	658	48,744	SH		DFND		48,744	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	26,820	337,226	SH		DFND		337,226	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	434	259,300	SH	Call	DFND		259,300	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	2,698	803,400	SH	Put	DFND		803,400	0	0
NEW ORIENTAL ED & TECH GRP I	SPON ADR	647581107	2,319	73,614	SH		DFND		73,614	0	0
NEW RESIDENTIAL INVT CORP	COM	64828T102	100	15,000	SH		DFND		15,000	0	0
NEWFIELD EXPL CO	COM	651290108	1,075	43,641	SH		DFND		43,641	0	0
NEWFIELD EXPL CO	COM	651290108	22	20,000	SH	Call	DFND		20,000	0	0
NOBLE ENERGY INC	COM	655044105	528	50,000	SH	Call	DFND		50,000	0	0
NORDSTROM INC	COM	655664100	223	161,000	SH	Call	DFND		161,000	0	0
NORDSTROM INC	COM	655664100	8	69,400	SH	Put	DFND		69,400	0	0
NORTHROP GRUMMAN CORP	COM	666807102	2,117	18,469	SH		DFND		18,469	0	0
NORTHROP GRUMMAN CORP	COM	666807102	46	29,400	SH	Put	DFND		29,400	0	0
NUCOR CORP	COM	670346105	48	16,900	SH	Call	DFND		16,900	0	0
NUCOR CORP	COM	670346105	116	366,900	SH	Put	DFND		366,900	0	0
NUCOR CORP	COM	670346105	1,331	24,941	SH		DFND		24,941	0	0
NUVEEN AMT-FREE MUN INCOME F	COM	670657105	786	65,305	SH		DFND		65,305	0	0
NUVEEN CA DIV ADV MUNI FD 3	COM SH BEN INT	67070Y109	387	33,872	SH		DFND		33,872	0	0
NUVEEN CAL AMT-FREE MUN INC	COM	670651108	1,214	99,718	SH		DFND		99,718	0	0
NUVEEN DIV ADV MUNI FD 3	COM SH BEN INT	67070X101	4,821	390,354	SH		DFND		390,354	0	0
NUVEEN DIV ADVANTAGE MUN FD	COM	67070F100	266	20,954	SH		DFND		20,954	0	0
NUVEEN DIVERSIFIED COMMODTY	COM UT BEN INT	67074P104	2,840	187,205	SH		DFND		187,205	0	0
NUVEEN DIVID ADVANTAGE MUN F	COM	67066V101	923	73,293	SH		DFND		73,293	0	0
NUVEEN ENHANCED MUN VALUE FD	COM	67074M101	759	58,554	SH		DFND		58,554	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	787	47,757	SH		DFND		47,757	0	0
NUVEEN INVT QUALITY MUN FD I	COM	67062E103	1,323	97,778	SH		DFND		97,778	0	0
NUVEEN LG/SHT COMMODITY TOTR	COM UT BEN INT	670731108	7,317	424,904	SH		DFND		424,904	0	0
NUVEEN MD PREM INCOME MUN FD	COM	67061Q107	259	21,715	SH		DFND		21,715	0	0
NUVEEN MUN ADVANTAGE FD INC	COM	67062H106	1,098	90,260	SH		DFND		90,260	0	0
NUVEEN MUN HIGH INCOME OPP F	COM	670682103	298	24,834	SH		DFND		24,834	0	0
NUVEEN MUN MKT OPPORTUNITY F	COM	67062W103	2,444	203,669	SH		DFND		203,669	0	0
NUVEEN MUN OPPORTUNITY FD IN	COM	670984103	2,293	173,482	SH		DFND		173,482	0	0
NUVEEN MUN VALUE FD INC	COM	670928100	668	73,900	SH		DFND		73,900	0	0
NUVEEN OHIO QUALITY INCOME M	COM	670980101	195	14,000	SH		DFND		14,000	0	0
NUVEEN PA INVT QUALITY MUN F	COM	670972108	244	19,733	SH		DFND		19,733	0	0
NUVEEN PA PREM INCOME MUN FD	COM	67061F101	717	60,278	SH		DFND		60,278	0	0
NUVEEN PERFORMANCE PLUS MUN	COM	67062P108	1,125	83,123	SH		DFND		83,123	0	0
NUVEEN PREM INCOME MUN FD	COM	67062T100	711	57,695	SH		DFND		57,695	0	0
NUVEEN PREM INCOME MUN FD 2	COM	67063W102	2,559	203,915	SH		DFND		203,915	0	0
NUVEEN PREM INCOME MUN FD 4	COM	6706K4105	264	21,750	SH		DFND		21,750	0	0
NUVEEN PREMIER MUN INCOME FD	COM	670988104	1,885	152,390	SH		DFND		152,390	0	0
NUVEEN QUALITY INCOME MUN FD	COM	670977107	420	34,255	SH		DFND		34,255	0	0
NUVEEN QUALITY MUN FD INC	COM	67062N103	452	37,377	SH		DFND		37,377	0	0
NUVEEN REAL ESTATE INCOME FD	COM	67071B108	256	26,881	SH		DFND		26,881	0	0
NUVEEN SHT DUR CR OPP FD	COM	67074X107	1,463	77,640	SH		DFND		77,640	0	0
OMNICOM GROUP INC	COM	681919106	5	38,000	SH	Put	DFND		38,000	0	0
PACHOLDER HIGH YIELD FD INC	COM	693742108	95	12,100	SH		DFND		12,100	0	0
PENNEY J C INC	COM	708160106	8	48,800	SH	Put	DFND		48,800	0	0
PENNEY J C INC	COM	708160106	1,208	132,000	SH		DFND		132,000	0	0
PEPSICO INC	COM	713448108	28	15,000	SH	Call	DFND		15,000	0	0
PETSMART INC	COM	716768106	3,174	43,635	SH		DFND		43,635	0	0
PETSMART INC	COM	716768106	9	36,000	SH	Call	DFND		36,000	0	0
PETSMART INC	COM	716768106	192	71,400	SH	Put	DFND		71,400	0	0
PFIZER INC	COM	717081103	52	35,000	SH	Call	DFND		35,000	0	0
PIMCO DYNAMIC CR INCOME FD	COM SHS	72202D106	9,263	412,071	SH		DFND		412,071	0	0
PIMCO MUN INCOME FD II	COM	72200W106	1,649	154,661	SH		DFND		154,661	0	0
PIMCO NEW YORK MUN INCM FD 1	COM	72201E105	390	45,081	SH		DFND		45,081	0	0
PIMCO STRATEGIC GBL GOV FD I	COM	72200X104	407	41,618	SH		DFND		41,618	0	0
PNC FINL SVCS GROUP INC	COM	693475105	68	60,000	SH	Call	DFND		60,000	0	0
PNC FINL SVCS GROUP INC	COM	693475105	31	60,000	SH	Put	DFND		60,000	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	19,791	225,002	SH		DFND		225,002	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	113	150,000	SH	Put	DFND		150,000	0	0
PRINCIPAL REAL ESTATE INCOME	SHS BEN INT	74255X104	1,888	110,711	SH		DFND		110,711	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	1,084	163,200	SH		DFND		163,200	0	0
QR ENERGY LP	UNIT LTD PRTNS	74734R108	342	20,000	SH		DFND		20,000	0	0
RADIAN GROUP INC	COM	750236101	147	10,400	SH		DFND		10,400	0	0
RAMCO-GERSHENSON PPTYS TR	PERP PFD-D CV	751452608	22,047	373,807	SH		DFND		373,807	0	0
REMY INTL INC	COM	759663107	2,956	126,745	SH		DFND		126,745	0	0
ROSS STORES INC	COM	778296103	1,893	531,100	SH	Put	DFND		531,100	0	0
ROSS STORES INC	COM	778296103	764	300,700	SH	Call	DFND		300,700	0	0
ROSS STORES INC	COM	778296103	10,887	145,299	SH		DFND		145,299	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	1,425	20,000	SH		DFND		20,000	0	0
SCHLUMBERGER LTD	COM	806857108	6,771	75,143	SH		DFND		75,143	0	0
SCHLUMBERGER LTD	COM	806857108	514	130,200	SH	Call	DFND		130,200	0	0
SCHLUMBERGER LTD	COM	806857108	876	440,600	SH	Put	DFND		440,600	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	885	15,964	SH		DFND		15,964	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	220	147,700	SH	Call	DFND		147,700	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	151	196,400	SH	Call	DFND		196,400	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	266	120,000	SH	Call	DFND		120,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	1,780	20,111	SH		DFND		20,111	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	697	463,000	SH	Call	DFND		463,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	256	350,000	SH	Put	DFND		350,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	892	40,800	SH		DFND		40,800	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	2,273	43,500	SH		DFND		43,500	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	87	39,900	SH	Call	DFND		39,900	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	101	136,300	SH	Put	DFND		136,300	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	319	222,500	SH	Call	DFND		222,500	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	29	40,000	SH	Put	DFND		40,000	0	0
SIRIUS XM HLDGS INC	COM	82968B103	113	32,460	SH		DFND		32,460	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	53	50,000	SH	Put	DFND		50,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	57,360	310,575	SH		DFND		310,575	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	560	175,000	SH	Call	DFND		175,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	436	784,900	SH	Put	DFND		784,900	0	0
ST JUDE MED INC	COM	790849103	780	40,000	SH	Call	DFND		40,000	0	0
TARGET CORP	COM	87612E106	2,294	36,256	SH		DFND		36,256	0	0
TARGET CORP	COM	87612E106	2	20,400	SH	Call	DFND		20,400	0	0
TARGET CORP	COM	87612E106	270	40,000	SH	Put	DFND		40,000	0	0
THL CR SR LN FD	COM	87244R103	642	34,950	SH		DFND		34,950	0	0
TIME WARNER CABLE INC	COM	88732J207	174	56,000	SH	Call	DFND		56,000	0	0
TIME WARNER CABLE INC	COM	88732J207	16	33,100	SH	Put	DFND		33,100	0	0
TIME WARNER INC	COM NEW	887317303	26	10,000	SH	Call	DFND		10,000	0	0
TIVO INC	COM	888706108	394	30,000	SH		DFND		30,000	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	1	2,399,080	SH		DFND		2,399,080	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	68	25,800	SH	Call	DFND		25,800	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	14	25,800	SH	Put	DFND		25,800	0	0
TWITTER INC	COM	90184L102	1	20,000	SH	Put	DFND		20,000	0	0
UNITED MICROELECTRONICS CORP	SPON ADR NEW	910873405	4,925	2,414,366	SH		DFND		2,414,366	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	319	357,800	SH	Put	DFND		357,800	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	770	21,800	SH		DFND		21,800	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	201	609,100	SH	Call	DFND		609,100	0	0
VALE S A	ADR	91912E105	4,921	322,700	SH		DFND		322,700	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	11,001	223,875	SH		DFND		223,875	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	41	80,000	SH	Call	DFND		80,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	139	150,000	SH	Put	DFND		150,000	0	0
VIACOM INC NEW	CL A	92553P102	1,738	19,800	SH		DFND		19,800	0	0
VIACOM INC NEW	CL B	92553P201	27	10,000	SH	Call	DFND		10,000	0	0
VIRTUS GLOBAL MULTI-SEC INC	COM	92829B101	2,398	141,733	SH		DFND		141,733	0	0
WAL-MART STORES INC	COM	931142103	3,541	45,003	SH		DFND		45,003	0	0
WAL-MART STORES INC	COM	931142103	14	57,800	SH	Call	DFND		57,800	0	0
WAL-MART STORES INC	COM	931142103	67	180,400	SH	Put	DFND		180,400	0	0
WELLS FARGO & CO NEW	COM	949746101	4,086	90,000	SH		DFND		90,000	0	0
WESTERN ASSET EMRG MKT INCM	COM	95766E103	748	63,173	SH		DFND		63,173	0	0
WHITEWAVE FOODS CO	COM CL A	966244105	3,577	155,923	SH		DFND		155,923	0	0
WHOLE FOODS MKT INC	COM	966837106	894	80,000	SH	Call	DFND		80,000	0	0
WIPRO LTD	SPON ADR 1 SH	97651M109	266	21,110	SH		DFND		21,110	0	0
WYNN RESORTS LTD	COM	983134107	3,177	56,600	SH	Call	DFND		56,600	0	0
WYNN RESORTS LTD	COM	983134107	10	131,000	SH	Put	DFND		131,000	0	0
XILINX INC	COM	983919101	965	21,007	SH		DFND		21,007	0	0
XILINX INC	COM	983919101	146	80,000	SH	Call	DFND		80,000	0	0
XILINX INC	COM	983919101	46	80,000	SH	Put	DFND		80,000	0	0
YAHOO INC	COM	984332106	119	30,000	SH	Call	DFND		30,000	0	0
YANDEX N V	SHS CLASS A	N97284108	2,832	65,620	SH		DFND		65,620	0	0