Shepherd Kaplan Krochuk 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
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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
ABERCROMBIE & FITCH CO	CL A	002896207	405	14,136	SH		DFND	1	14,136	0	0
ABERCROMBIE & FITCH CO	CL A	002896207	25	864	SH		SOLE		864	0	0
ACCURAY INC	COM	004397105	177	23,451	SH		SOLE		23,451	0	0
ACCURIDE CORP NEW	COM NEW	00439T206	107	24,546	SH		SOLE		24,546	0	0
ACCURIDE CORP NEW	COM NEW	00439T206	52	11,997	SH		DFND	2	11,997	0	0
ACELRX PHARMACEUTICALS INC	COM	00444T100	1,445	214,784	SH		SOLE		214,784	0	0
ACHILLION PHARMACEUTICALS IN	COM	00448Q201	288	23,514	SH		SOLE		23,514	0	0
ACTUANT CORP	CL A NEW	00508X203	473	17,350	SH		DFND	1	17,350	0	0
ACTUANT CORP	CL A NEW	00508X203	676	24,826	SH		SOLE		24,826	0	0
ADDVANTAGE TECHNOLOGIES GP I	COM NEW	006743306	128	52,371	SH		SOLE		52,371	0	0
ADVANCED ENERGY INDS	COM	007973100	789	33,275	SH		DFND	1	33,275	0	0
ADVANCED ENERGY INDS	COM	007973100	65	2,725	SH		SOLE		2,725	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	40	15,000	SH	Put	SOLE		15,000	0	0
ADVANCED PHOTONIX INC	CL A	00754E107	48	162,748	SH		SOLE		162,748	0	0
ADVENT CLAY CONV SEC INC FD	COM	007639107	124	19,630	SH		SOLE		19,630	0	0
ADVENT CLAYMORE ENH GRW & IN	COM	00765E104	126	14,200	SH		SOLE		14,200	0	0
AGNICO EAGLE MINES LTD	COM	008474108	656	26,348	SH		DFND	1	26,348	0	0
AGNICO EAGLE MINES LTD	COM	008474108	441	17,712	SH		SOLE		17,712	0	0
AGRIUM INC	COM	008916108	92	970	SH		DFND	1	970	0	0
AGRIUM INC	COM	008916108	1,330	14,044	SH		SOLE		14,044	0	0
ALAMOS GOLD INC	COM	011527108	593	83,234	SH		DFND	1	83,234	0	0
ALAMOS GOLD INC	COM	011527108	365	51,188	SH		SOLE		51,188	0	0
ALASKA AIR GROUP INC	COM	011659109	171	2,867	SH		SOLE		2,867	0	0
ALASKA AIR GROUP INC	COM	011659109	50	833	SH		DFND	2	833	0	0
ALASKA COMMUNICATIONS SYS GR	COM	01167P101	348	194,323	SH		SOLE		194,323	0	0
ALBEMARLE CORP	COM	012653101	2,505	41,663	SH		DFND	1	41,663	0	0
ALBEMARLE CORP	COM	012653101	420	6,985	SH		SOLE		6,985	0	0
ALCOA INC	COM	013817101	474	30,000	SH		SOLE		30,000	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	188	5,407	SH		DFND	1	5,407	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	38	1,093	SH		SOLE		1,093	0	0
ALLIANZGI EQUITY & CONV INCO	COM	018829101	345	16,690	SH		SOLE		16,690	0	0
ALLIED HEALTHCARE PRODS INC	COM	019222108	265	143,999	SH		SOLE		143,999	0	0
ALLIED NEVADA GOLD CORP	COM	019344100	22	25,000	SH	Call	SOLE		25,000	0	0
ALPHA NATURAL RESOURCES INC	COM	02076X102	909	544,115	SH		SOLE		544,115	0	0
ALPHA PRO TECH LTD	COM	020772109	193	75,000	SH		SOLE		75,000	0	0
ALPHATEC HOLDINGS INC	COM	02081G102	443	313,913	SH		SOLE		313,913	0	0
ALPINE GLOBAL PREMIER PPTYS	COM SBI	02083A103	111	15,438	SH		SOLE		15,438	0	0
AMAG PHARMACEUTICALS INC	COM	00163U106	867	20,335	SH		SOLE		20,335	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	1,345	25,073	SH		DFND	1	25,073	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	1,242	23,161	SH		SOLE		23,161	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	1,096	78,942	SH		DFND	1	78,942	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	84	6,058	SH		SOLE		6,058	0	0
AMERICAN EXPRESS CO	COM	025816109	1,861	20,000	SH		SOLE		20,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	1,490	26,598	SH		SOLE		26,598	0	0
AMGEN INC	COM	031162100	652	4,094	SH		SOLE		4,094	0	0
AMGEN INC	COM	031162100	50	311	SH		DFND	2	311	0	0
AMN HEALTHCARE SERVICES INC	COM	001744101	254	12,950	SH		DFND	1	12,950	0	0
AMN HEALTHCARE SERVICES INC	COM	001744101	40	2,050	SH		SOLE		2,050	0	0
ANTERO RES CORP	COM	03674X106	6,776	166,990	SH		SOLE		166,990	0	0
ANTHEM INC	COM	036752103	1,344	10,693	SH		SOLE		10,693	0	0
ANTHEM INC	COM	036752103	27	211	SH		DFND	2	211	0	0
APPLE INC	COM	037833100	322	2,913	SH		SOLE		2,913	0	0
APPLE INC	COM	037833100	46	419	SH		DFND	2	419	0	0
APPLIANCE RECYCLING CTRS AME	COM NEW	03814F205	441	160,364	SH		SOLE		160,364	0	0
APPROACH RESOURCES INC	COM	03834A103	217	34,000	SH	Call	SOLE		34,000	0	0
APPROACH RESOURCES INC	COM	03834A103	102	16,000	SH		SOLE		16,000	0	0
ARCA BIOPHARMA INC	COM NEW	00211Y209	87	90,937	SH		SOLE		90,937	0	0
ARCH COAL INC	COM	039380100	1,901	1,067,730	SH		SOLE		1,067,730	0	0
ARI NETWORK SVCS INC	COM NEW	001930205	87	24,042	SH		SOLE		24,042	0	0
ARQULE INC	COM	04269E107	16	13,090	SH		SOLE		13,090	0	0
ASHLAND INC NEW	COM	044209104	996	8,320	SH		DFND	1	8,320	0	0
ASHLAND INC NEW	COM	044209104	247	2,062	SH		SOLE		2,062	0	0
ASTEA INTL INC	COM NEW	04622E208	104	59,200	SH		SOLE		59,200	0	0
ATLAS PIPELINE PARTNERS LP	UNIT L P INT	049392103	1,009	37,000	SH		DFND	1	37,000	0	0
AUSPEX PHARMACEUTICALS INC	COM	05211J102	1,477	28,149	SH		SOLE		28,149	0	0
AVALON HLDGS CORP	CL A	05343P109	161	61,406	SH		SOLE		61,406	0	0
AVIS BUDGET GROUP	COM	053774105	782	11,794	SH		DFND	1	11,794	0	0
AVIS BUDGET GROUP	COM	053774105	1,672	25,206	SH		SOLE		25,206	0	0
AXT INC	COM	00246W103	877	313,171	SH		SOLE		313,171	0	0
BANCORP INC DEL	COM	05969A105	734	67,400	SH		DFND	1	67,400	0	0
BANCORP INC DEL	COM	05969A105	48	4,395	SH		SOLE		4,395	0	0
BARRETT BILL CORP	COM	06846N104	3,513	308,413	SH		SOLE		308,413	0	0
BASSETT FURNITURE INDS INC	COM	070203104	122	6,257	SH		SOLE		6,257	0	0
BASSETT FURNITURE INDS INC	COM	070203104	74	3,777	SH		DFND	2	3,777	0	0
BEBE STORES INC	COM	075571109	154	70,500	SH		SOLE		70,500	0	0
BED BATH & BEYOND INC	COM	075896100	2,687	35,276	SH		DFND	1	35,276	0	0
BED BATH & BEYOND INC	COM	075896100	1,423	18,684	SH		SOLE		18,684	0	0
BELLATRIX EXPLORATION LTD	COM	078314101	10	2,800	SH	Call	SOLE		2,800	0	0
BELLATRIX EXPLORATION LTD	COM	078314101	444	122,113	SH		SOLE		122,113	0	0
BENCHMARK ELECTRS INC	COM	08160H101	286	11,243	SH		DFND	1	11,243	0	0
BENCHMARK ELECTRS INC	COM	08160H101	187	7,355	SH		SOLE		7,355	0	0
BENCHMARK ELECTRS INC	COM	08160H101	37	1,450	SH		DFND	2	1,450	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,189	7,920	SH		DFND	1	7,920	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	8,285	55,175	SH		SOLE		55,175	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	1,316	41,715	SH		DFND	1	41,715	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	1,429	45,285	SH		SOLE		45,285	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	525	11,100	SH		SOLE		11,100	0	0
BIODEL INC	COM NEW	09064M204	107	80,525	SH		SOLE		80,525	0	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	1,118	92,993	SH		SOLE		92,993	0	0
BIOTELEMETRY INC	COM	090672106	424	42,311	SH		SOLE		42,311	0	0
BJS RESTAURANTS INC	COM	09180C106	276	5,500	SH	Put	SOLE		5,500	0	0
BLACKROCK ENHANCED EQT DIV T	COM	09251A104	604	74,330	SH		SOLE		74,330	0	0
BLACKROCK FLOAT RATE OME STR	COM	09255X100	206	15,370	SH		DFND	1	15,370	0	0
BLACKROCK FLOAT RATE OME STR	COM	09255X100	39	2,944	SH		SOLE		2,944	0	0
BLACKROCK GLOBAL OPP EQTY TR	COM	092501105	518	39,470	SH		SOLE		39,470	0	0
BLOUNT INTL INC NEW	COM	095180105	1,509	85,888	SH		DFND	1	85,888	0	0
BLOUNT INTL INC NEW	COM	095180105	1,313	74,720	SH		SOLE		74,720	0	0
BLOUNT INTL INC NEW	COM	095180105	45	2,583	SH		DFND	2	2,583	0	0
BLUELINX HLDGS INC	COM	09624H109	44	37,869	SH		SOLE		37,869	0	0
BONANZA CREEK ENERGY INC	COM	097793103	480	20,002	SH		SOLE		20,002	0	0
BOOKS-A-MILLION INC	COM	098570104	187	106,144	SH		SOLE		106,144	0	0
BORGWARNER INC	COM	099724106	737	13,421	SH		DFND	1	13,421	0	0
BORGWARNER INC	COM	099724106	43	789	SH		SOLE		789	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	159	12,000	SH		SOLE		12,000	0	0
BOULDER GROWTH & INCOME FD I	COM	101507101	129	14,260	SH		SOLE		14,260	0	0
BROOKS AUTOMATION INC	COM	114340102	1,007	79,009	SH		DFND	1	79,009	0	0
BROOKS AUTOMATION INC	COM	114340102	110	8,627	SH		SOLE		8,627	0	0
BTU INTL INC	COM	056032105	216	66,585	SH		SOLE		66,585	0	0
CABELAS INC	COM	126804301	1,610	30,544	SH		DFND	1	30,544	0	0
CABELAS INC	COM	126804301	129	2,456	SH		SOLE		2,456	0	0
CABOT OIL & GAS CORP	COM	127097103	18,152	613,024	SH		SOLE		613,024	0	0
CAFEPRESS INC	COM	12769A103	40	17,146	SH		SOLE		17,146	0	0
CALLON PETE CO DEL	COM	13123X102	6,119	1,122,700	SH		SOLE		1,122,700	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	682	13,646	SH		SOLE		13,646	0	0
CARA THERAPEUTICS INC	COM	140755109	1,095	109,816	SH		SOLE		109,816	0	0
CARRIZO OIL & GAS INC	COM	144577103	12,982	312,079	SH		SOLE		312,079	0	0
CAS MED SYS INC	COM PAR $0.004	124769209	59	35,848	SH		SOLE		35,848	0	0
CATO CORP NEW	CL A	149205106	125	2,966	SH		SOLE		2,966	0	0
CATO CORP NEW	CL A	149205106	77	1,828	SH		DFND	2	1,828	0	0
CBOE HLDGS INC	COM	12503M108	225	3,550	SH		SOLE		3,550	0	0
CELANESE CORP DEL	COM SER A	150870103	596	9,941	SH		DFND	1	9,941	0	0
CELANESE CORP DEL	COM SER A	150870103	63	1,059	SH		SOLE		1,059	0	0
CELSION CORPORATION	COM PAR $0.01	15117N404	64	27,591	SH		SOLE		27,591	0	0
CENOVUS ENERGY INC	COM	15135U109	673	32,620	SH		SOLE		32,620	0	0
CENTRAL GARDEN & PET CO	COM	153527106	381	43,366	SH		SOLE		43,366	0	0
CHARLES RIV LABS INTL INC	COM	159864107	228	3,588	SH		DFND	1	3,588	0	0
CHEMBIO DIAGNOSTICS INC	COM NEW	163572209	154	39,456	SH		SOLE		39,456	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	260	3,700	SH	Put	SOLE		3,700	0	0
CHIPMOS TECH BERMUDA LTD	SHS	G2110R114	379	16,259	SH		DFND	1	16,259	0	0
CHIPMOS TECH BERMUDA LTD	SHS	G2110R114	64	2,741	SH		SOLE		2,741	0	0
CIMAREX ENERGY CO	COM	171798101	11,320	106,793	SH		SOLE		106,793	0	0
CLEAN ENERGY FUELS CORP	COM	184499101	112	22,400	SH	Put	SOLE		22,400	0	0
COAST DISTR SYS	COM	190345108	146	44,872	SH		SOLE		44,872	0	0
COBALT INTL ENERGY INC	COM	19075F106	4,303	484,004	SH		SOLE		484,004	0	0
COCA COLA CO	COM	191216100	1,519	35,990	SH		SOLE		35,990	0	0
COFFEE HLDGS INC	COM	192176105	439	85,531	SH		SOLE		85,531	0	0
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	285	12,530	SH		SOLE		12,530	0	0
COLFAX CORP	COM	194014106	976	18,917	SH		DFND	1	18,917	0	0
COLFAX CORP	COM	194014106	71	1,383	SH		SOLE		1,383	0	0
COLUMBIA LABS INC	COM NEW	197779200	144	25,733	SH		SOLE		25,733	0	0
COMMAND SEC CORP	COM	20050L100	156	84,763	SH		SOLE		84,763	0	0
COMMUNICATIONS SYS INC	COM	203900105	212	20,236	SH		SOLE		20,236	0	0
COMPASS MINERALS INTL INC	COM	20451N101	234	2,695	SH		DFND	1	2,695	0	0
COMPUTER TASK GROUP INC	COM	205477102	133	14,000	SH		SOLE		14,000	0	0
CONCERT PHARMACEUTICALS INC	COM	206022105	200	15,002	SH		SOLE		15,002	0	0
CONCHO RES INC	COM	20605P101	1,002	10,050	SH		SOLE		10,050	0	0
CONOCOPHILLIPS	COM	20825C104	866	12,535	SH		SOLE		12,535	0	0
CONSOL ENERGY INC	COM	20854P109	25,089	742,072	SH		SOLE		742,072	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	164	9,259	SH		DFND	1	9,259	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	13	741	SH		SOLE		741	0	0
CONTINENTAL RESOURCES INC	COM	212015101	604	15,736	SH		SOLE		15,736	0	0
COPART INC	COM	217204106	1,975	54,132	SH		DFND	1	54,132	0	0
COPART INC	COM	217204106	1,468	40,218	SH		SOLE		40,218	0	0
CORE LABORATORIES N V	COM	N22717107	1,097	9,119	SH		SOLE		9,119	0	0
CORNING INC	COM	219350105	1,607	70,096	SH		SOLE		70,096	0	0
COVIDIEN PLC	SHS	G2554F113	1,534	15,000	SH		SOLE		15,000	0	0
CPI AEROSTRUCTURES INC	COM NEW	125919308	1,094	107,146	SH		DFND	1	107,146	0	0
CPI AEROSTRUCTURES INC	COM NEW	125919308	111	10,854	SH		SOLE		10,854	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	701	30,268	SH		SOLE		30,268	0	0
CROCS INC	COM	227046109	1,397	111,871	SH		DFND	1	111,871	0	0
CROCS INC	COM	227046109	100	8,000	SH	Call	SOLE		8,000	0	0
CROCS INC	COM	227046109	111	8,890	SH		SOLE		8,890	0	0
CRYSTAL ROCK HLDGS INC	COM	22940F103	153	200,308	SH		SOLE		200,308	0	0
CSX CORP	COM	126408103	1,430	39,459	SH		SOLE		39,459	0	0
CUTERA INC	COM	232109108	394	36,849	SH		SOLE		36,849	0	0
CVS HEALTH CORP	COM	126650100	1,029	10,680	SH		DFND	1	10,680	0	0
CVS HEALTH CORP	COM	126650100	3,594	37,320	SH		SOLE		37,320	0	0
CYNOSURE INC	CL A	232577205	253	9,223	SH		SOLE		9,223	0	0
CYS INVTS INC	COM	12673A108	939	107,643	SH		DFND	1	107,643	0	0
CYS INVTS INC	COM	12673A108	64	7,357	SH		SOLE		7,357	0	0
CYTRX CORP	COM PAR $.001	232828509	144	52,509	SH		SOLE		52,509	0	0
DARLING INGREDIENTS INC	COM	237266101	2,349	129,335	SH		DFND	1	129,335	0	0
DARLING INGREDIENTS INC	COM	237266101	965	53,165	SH		SOLE		53,165	0	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	1,769	23,362	SH		DFND	1	23,362	0	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	2,625	34,658	SH		SOLE		34,658	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	647	13,143	SH		SOLE		13,143	0	0
DENBURY RES INC	COM NEW	247916208	110	13,500	SH	Call	SOLE		13,500	0	0
DENBURY RES INC	COM NEW	247916208	177	21,807	SH		SOLE		21,807	0	0
DEPOMED INC	COM	249908104	1,548	96,074	SH		SOLE		96,074	0	0
DESTINATION MATERNITY CORP	COM	25065D100	266	16,668	SH		SOLE		16,668	0	0
DEVON ENERGY CORP NEW	COM	25179M103	1,090	17,808	SH		SOLE		17,808	0	0
DIREXION SHS ETF TR	DLY SMCAP BULL3X	25459W847	1,052	13,000	SH	Put	SOLE		13,000	0	0
DLH HLDGS CORP	COM	23335Q100	38	18,444	SH		SOLE		18,444	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	176	8,212	SH		DFND	1	8,212	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	211	9,824	SH		SOLE		9,824	0	0
DRESSER-RAND GROUP INC	COM	261608103	373	4,564	SH		DFND	1	4,564	0	0
DTS INC	COM	23335C101	152	4,934	SH		SOLE		4,934	0	0
DTS INC	COM	23335C101	57	1,862	SH		DFND	2	1,862	0	0
DYNASIL CORP AMER	COM	268102100	79	54,331	SH		SOLE		54,331	0	0
EASTERN CO	COM	276317104	447	26,214	SH		SOLE		26,214	0	0
EASTMAN CHEM CO	COM	277432100	271	3,570	SH		DFND	1	3,570	0	0
EASTMAN CHEM CO	COM	277432100	474	6,253	SH		SOLE		6,253	0	0
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	289	21,080	SH		DFND	1	21,080	0	0
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	45	3,260	SH		SOLE		3,260	0	0
EATON VANCE TAX ADVT DIV INC	COM	27828G107	527	25,360	SH		SOLE		25,360	0	0
EATON VANCE TAX MNGD GBL DV	COM	27829F108	140	14,760	SH		SOLE		14,760	0	0
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	386	34,560	SH		SOLE		34,560	0	0
ECOLOGY & ENVIRONMENT INC	CL A	278878103	474	51,927	SH		SOLE		51,927	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	166	1,306	SH		SOLE		1,306	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	57	448	SH		DFND	2	448	0	0
ELECTRO SCIENTIFIC INDS	COM	285229100	310	40,000	SH		DFND	1	40,000	0	0
ELECTROMED INC	COM	285409108	1,358	509,662	SH		SOLE		509,662	0	0
ELECTRONIC ARTS INC	COM	285512109	182	3,875	SH		SOLE		3,875	0	0
ELECTRONIC ARTS INC	COM	285512109	60	1,276	SH		DFND	2	1,276	0	0
ELECTRO-SENSORS INC	COM	285233102	178	44,913	SH		SOLE		44,913	0	0
ELTEK LTD	ORD	M40184109	136	116,864	SH		SOLE		116,864	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	455	16,696	SH		SOLE		16,696	0	0
EMPIRE RES INC DEL	COM	29206E100	250	53,780	SH		SOLE		53,780	0	0
EMULEX CORP	COM NEW	292475209	71	12,521	SH		SOLE		12,521	0	0
ENBRIDGE INC	COM	29250N105	688	13,380	SH		SOLE		13,380	0	0
ENDOLOGIX INC	COM	29266S106	245	16,017	SH		SOLE		16,017	0	0
ENERGEN CORP	COM	29265N108	13,131	205,949	SH		SOLE		205,949	0	0
ENERGY XXI LTD	USD UNRS SHS	G10082140	2,375	728,437	SH		SOLE		728,437	0	0
ENGLOBAL CORP	COM	293306106	236	124,402	SH		SOLE		124,402	0	0
ENLINK MIDSTREAM LLC	COM UNIT REP LTD	29336T100	626	17,600	SH		DFND	1	17,600	0	0
ENPRO INDS INC	COM	29355X107	2,505	39,918	SH		DFND	1	39,918	0	0
ENPRO INDS INC	COM	29355X107	675	10,750	SH		SOLE		10,750	0	0
EOG RES INC	COM	26875P101	7,099	77,100	SH		SOLE		77,100	0	0
EQT CORP	COM	26884L109	19,301	254,973	SH		SOLE		254,973	0	0
ESCALON MED CORP	COM NEW	296074305	571	354,357	SH		SOLE		354,357	0	0
ESSEX RENT CORP	COM	297187106	40	30,020	SH		SOLE		30,020	0	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	1,791	16,333	SH		DFND	1	16,333	0	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	1,207	11,001	SH		SOLE		11,001	0	0
EXCO RESOURCES INC	COM	269279402	33	15,000	SH	Call	SOLE		15,000	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,016	12,005	SH		SOLE		12,005	0	0
EXXON MOBIL CORP	COM	30231G102	730	7,894	SH		SOLE		7,894	0	0
F M C CORP	COM NEW	302491303	520	9,123	SH		SOLE		9,123	0	0
FEDERATED INVS INC PA	CL B	314211103	1,778	53,998	SH		DFND	1	53,998	0	0
FEDERATED INVS INC PA	CL B	314211103	727	22,069	SH		SOLE		22,069	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	548	8,803	SH		DFND	1	8,803	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	979	15,739	SH		SOLE		15,739	0	0
FINISH LINE INC	CL A	317923100	1,260	51,816	SH		DFND	1	51,816	0	0
FINISH LINE INC	CL A	317923100	273	11,221	SH		SOLE		11,221	0	0
FIRST ACCEPTANCE CORP	COM	318457108	307	120,491	SH		SOLE		120,491	0	0
FIRST AMERN FINL CORP	COM	31847R102	556	16,394	SH		DFND	1	16,394	0	0
FIRST AMERN FINL CORP	COM	31847R102	105	3,106	SH		SOLE		3,106	0	0
FIRST TR ENHANCED EQTY INC F	COM	337318109	332	23,170	SH		SOLE		23,170	0	0
FIVE STAR QUALITY CARE INC	COM	33832D106	158	38,136	SH		SOLE		38,136	0	0
FLEXTRONICS INTL LTD	ORD	Y2573F102	2,328	208,220	SH		DFND	1	208,220	0	0
FLEXTRONICS INTL LTD	ORD	Y2573F102	825	73,810	SH		SOLE		73,810	0	0
FORBES ENERGY SVCS LTD	COM	345143101	41	34,000	SH		SOLE		34,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	516	33,316	SH		SOLE		33,316	0	0
FRANKS INTL N V	COM	N33462107	211	12,711	SH		DFND	1	12,711	0	0
FRANKS INTL N V	COM	N33462107	20	1,193	SH		SOLE		1,193	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,640	70,217	SH		SOLE		70,217	0	0
FUELCELL ENERGY INC	COM	35952H106	38	24,900	SH	Put	SOLE		24,900	0	0
GABELLI HLTHCARE & WELLNESS	SHS	36246K103	210	20,200	SH		SOLE		20,200	0	0
GALMED PHARMACEUTICALS LTD	SHS	M47238106	217	37,380	SH		SOLE		37,380	0	0
GAMESTOP CORP NEW	CL A	36467W109	859	25,421	SH		DFND	1	25,421	0	0
GAMESTOP CORP NEW	CL A	36467W109	128	3,792	SH		SOLE		3,792	0	0
GAP INC DEL	COM	364760108	300	7,130	SH		SOLE		7,130	0	0
GASTAR EXPL INC NEW	COM	36729W202	398	165,280	SH		SOLE		165,280	0	0
GENERAC HLDGS INC	COM	368736104	997	21,321	SH		DFND	1	21,321	0	0
GENERAC HLDGS INC	COM	368736104	79	1,679	SH		SOLE		1,679	0	0
GENPACT LIMITED	SHS	G3922B107	2,726	144,000	SH		DFND	1	144,000	0	0
GENPACT LIMITED	SHS	G3922B107	2,272	120,000	SH		SOLE		120,000	0	0
GENTHERM INC	COM	37253A103	151	4,112	SH		SOLE		4,112	0	0
GENTHERM INC	COM	37253A103	51	1,383	SH		DFND	2	1,383	0	0
GILEAD SCIENCES INC	COM	375558103	543	5,762	SH		SOLE		5,762	0	0
GLOBAL POWER EQUIPMENT GRP I	COM PAR $0.01	37941P306	176	12,716	SH		SOLE		12,716	0	0
GOLDEN STAR RES LTD CDA	COM	38119T104	21	100,190	SH		SOLE		100,190	0	0
GOLDFIELD CORP	COM	381370105	308	126,806	SH		SOLE		126,806	0	0
GOODRICH PETE CORP	COM NEW	382410405	172	38,734	SH		DFND	1	38,734	0	0
GOODRICH PETE CORP	COM NEW	382410405	444	100,000	SH	Call	SOLE		100,000	0	0
GOODRICH PETE CORP	COM NEW	382410405	6,239	1,405,161	SH		SOLE		1,405,161	0	0
GRAFTECH INTL LTD	COM	384313102	101	20,000	SH	Call	SOLE		20,000	0	0
GRAN TIERRA ENERGY INC	COM	38500T101	119	31,000	SH	Call	SOLE		31,000	0	0
GRAN TIERRA ENERGY INC	COM	38500T101	1,502	391,038	SH		SOLE		391,038	0	0
GRAY TELEVISION INC	COM	389375106	441	39,337	SH		DFND	1	39,337	0	0
GRAY TELEVISION INC	COM	389375106	35	3,163	SH		SOLE		3,163	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	1,303	14,540	SH		DFND	1	14,540	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	331	3,694	SH		SOLE		3,694	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	586	14,029	SH		DFND	1	14,029	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	24,675	591,155	SH		SOLE		591,155	0	0
HALLIBURTON CO	COM	406216101	2,839	72,189	SH		SOLE		72,189	0	0
HANESBRANDS INC	COM	410345102	266	2,380	SH		SOLE		2,380	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	2,831	198,917	SH		DFND	1	198,917	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	636	44,687	SH		SOLE		44,687	0	0
HELEN OF TROY CORP LTD	COM	G4388N106	325	5,000	SH		DFND	1	5,000	0	0
HERBALIFE LTD	COM USD SHS	G4412G101	590	15,649	SH		DFND	1	15,649	0	0
HERBALIFE LTD	COM USD SHS	G4412G101	377	10,013	SH		SOLE		10,013	0	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	1,009	40,461	SH		SOLE		40,461	0	0
HEWLETT PACKARD CO	COM	428236103	150	3,735	SH		SOLE		3,735	0	0
HEWLETT PACKARD CO	COM	428236103	51	1,263	SH		DFND	2	1,263	0	0
HHGREGG INC	COM	42833L108	265	35,000	SH	Call	SOLE		35,000	0	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	1,410	56,469	SH		DFND	1	56,469	0	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	826	33,068	SH		SOLE		33,068	0	0
HOSPIRA INC	COM	441060100	1,140	18,619	SH		DFND	1	18,619	0	0
HOSPIRA INC	COM	441060100	634	10,353	SH		SOLE		10,353	0	0
IEC ELECTRS CORP NEW	COM	44949L105	186	39,100	SH		SOLE		39,100	0	0
IMAGE SENSING SYS INC	COM	45244C104	187	70,400	SH		SOLE		70,400	0	0
IMMUCELL CORP	COM PAR $0.10	452525306	171	34,467	SH		SOLE		34,467	0	0
IMPAX LABORATORIES INC	COM	45256B101	378	11,941	SH		SOLE		11,941	0	0
INSTALLED BLDG PRODS INC	COM	45780R101	992	55,669	SH		DFND	1	55,669	0	0
INSTALLED BLDG PRODS INC	COM	45780R101	77	4,331	SH		SOLE		4,331	0	0
INTEGRATED DEVICE TECHNOLOGY	COM	458118106	169	8,623	SH		SOLE		8,623	0	0
INTEGRATED DEVICE TECHNOLOGY	COM	458118106	56	2,849	SH		DFND	2	2,849	0	0
INTEGRATED SILICON SOLUTION	COM	45812P107	352	21,242	SH		DFND	1	21,242	0	0
INTEGRATED SILICON SOLUTION	COM	45812P107	4	258	SH		SOLE		258	0	0
INTELIQUENT INC	COM	45825N107	170	8,661	SH		SOLE		8,661	0	0
INTELIQUENT INC	COM	45825N107	60	3,037	SH		DFND	2	3,037	0	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	234	1,498	SH		SOLE		1,498	0	0
INTERFACE INC	COM	458665304	672	40,787	SH		DFND	1	40,787	0	0
INTERFACE INC	COM	458665304	69	4,213	SH		SOLE		4,213	0	0
INTEST CORP	COM	461147100	53	12,500	SH		SOLE		12,500	0	0
INTREPID POTASH INC	COM	46121Y102	278	20,000	SH		DFND	1	20,000	0	0
INTRICON CORP	COM	46121H109	156	22,700	SH		SOLE		22,700	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	262	23,371	SH		DFND	1	23,371	0	0
INVESTORS BANCORP INC NEW	COM	46146L101	18	1,629	SH		SOLE		1,629	0	0
IPG PHOTONICS CORP	COM	44980X109	855	11,407	SH		DFND	1	11,407	0	0
IPG PHOTONICS CORP	COM	44980X109	44	593	SH		SOLE		593	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	1,106	8,780	SH		SOLE		8,780	0	0
ISHARES TR	7-10 Y TR BD ETF	464287440	456	4,300	SH		SOLE		4,300	0	0
ISHARES TR	MSCI EAFE ETF	464287465	446	7,330	SH		SOLE		7,330	0	0
ITT CORP NEW	COM NEW	450911201	546	13,500	SH		DFND	1	13,500	0	0
ITT CORP NEW	COM NEW	450911201	181	4,480	SH		SOLE		4,480	0	0
JABIL CIRCUIT INC	COM	466313103	437	20,008	SH		DFND	1	20,008	0	0
JABIL CIRCUIT INC	COM	466313103	161	7,364	SH		SOLE		7,364	0	0
JABIL CIRCUIT INC	COM	466313103	142	6,500	SH	Put	SOLE		6,500	0	0
JABIL CIRCUIT INC	COM	466313103	60	2,769	SH		DFND	2	2,769	0	0
JAKKS PAC INC	COM	47012E106	157	23,100	SH		SOLE		23,100	0	0
JAPAN SMALLER CAPTLZTN FD IN	COM	47109U104	148	16,510	SH		SOLE		16,510	0	0
JETBLUE AIRWAYS CORP	COM	477143101	146	9,181	SH		SOLE		9,181	0	0
JETBLUE AIRWAYS CORP	COM	477143101	92	5,795	SH		DFND	2	5,795	0	0
JMP GROUP INC	COM	46629U107	102	13,397	SH		SOLE		13,397	0	0
JMP GROUP INC	COM	46629U107	52	6,799	SH		DFND	2	6,799	0	0
JOHNSON & JOHNSON	COM	478160104	1,389	13,282	SH		SOLE		13,282	0	0
KAR AUCTION SVCS INC	COM	48238T109	1,819	52,505	SH		DFND	1	52,505	0	0
KAR AUCTION SVCS INC	COM	48238T109	745	21,495	SH		SOLE		21,495	0	0
KERYX BIOPHARMACEUTICALS INC	COM	492515101	178	12,613	SH		SOLE		12,613	0	0
KIMBERLY CLARK CORP	COM	494368103	275	2,380	SH		SOLE		2,380	0	0
KNOWLES CORP	COM	49926D109	1,353	57,444	SH		DFND	1	57,444	0	0
KNOWLES CORP	COM	49926D109	107	4,556	SH		SOLE		4,556	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	654	10,434	SH		SOLE		10,434	0	0
KROGER CO	COM	501044101	151	2,347	SH		SOLE		2,347	0	0
KROGER CO	COM	501044101	55	853	SH		DFND	2	853	0	0
KYTHERA BIOPHARMACEUTICALS I	COM	501570105	342	9,861	SH		SOLE		9,861	0	0
L BRANDS INC	COM	501797104	216	2,500	SH	Put	SOLE		2,500	0	0
LANTRONIX INC	COM NEW	516548203	322	170,349	SH		SOLE		170,349	0	0
LAREDO PETROLEUM INC	COM	516806106	3,683	355,798	SH		SOLE		355,798	0	0
LAZARD GLB TTL RET&INCM FD I	COM	52106W103	380	24,035	SH		SOLE		24,035	0	0
LEAPFROG ENTERPRISES INC	CL A	52186N106	142	30,000	SH	Call	SOLE		30,000	0	0
LEARNING TREE INTL INC	COM	522015106	184	104,948	SH		SOLE		104,948	0	0
LGL GROUP INC	*W EXP 08/06/201	50186A116	3	333,490	SH		SOLE		333,490	0	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	528	88,357	SH		SOLE		88,357	0	0
LINCOLN EDL SVCS CORP	COM	533535100	122	43,573	SH		SOLE		43,573	0	0
LKQ CORP	COM	501889208	2,274	80,868	SH		DFND	1	80,868	0	0
LKQ CORP	COM	501889208	88	3,132	SH		SOLE		3,132	0	0
LUBYS INC	COM	549282101	95	20,900	SH		SOLE		20,900	0	0
LUNA INNOVATIONS	COM	550351100	142	100,268	SH		SOLE		100,268	0	0
MAG SILVER CORP	COM	55903Q104	1,337	164,000	SH		DFND	1	164,000	0	0
MAG SILVER CORP	COM	55903Q104	286	35,119	SH		SOLE		35,119	0	0
MAGNACHIP SEMICONDUCTOR CORP	COM	55933J203	2,669	205,473	SH		DFND	1	205,473	0	0
MAGNACHIP SEMICONDUCTOR CORP	COM	55933J203	956	73,608	SH		SOLE		73,608	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	13,176	4,196,092	SH		SOLE		4,196,092	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	1,020	9,249	SH		DFND	1	9,249	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	105	951	SH		SOLE		951	0	0
MASIMO CORP	COM	574795100	260	9,875	SH		SOLE		9,875	0	0
MAST THERAPEUTICS INC	COM	576314108	326	581,886	SH		SOLE		581,886	0	0
MATERION CORP	COM	576690101	385	10,927	SH		DFND	1	10,927	0	0
MATERION CORP	COM	576690101	38	1,073	SH		SOLE		1,073	0	0
MCGRAW HILL FINL INC	COM	580645109	223	2,510	SH		DFND	1	2,510	0	0
MCGRAW HILL FINL INC	COM	580645109	2,054	23,085	SH		SOLE		23,085	0	0
MEDNAX INC	COM	58502B106	612	9,260	SH		SOLE		9,260	0	0
MERCER INTL INC	COM	588056101	102	8,324	SH		SOLE		8,324	0	0
MERCER INTL INC	COM	588056101	51	4,146	SH		DFND	2	4,146	0	0
MERCK & CO INC NEW	COM	58933Y105	620	10,918	SH		SOLE		10,918	0	0
METHANEX CORP	COM	59151K108	945	20,623	SH		DFND	1	20,623	0	0
METHANEX CORP	COM	59151K108	1,384	30,200	SH		SOLE		30,200	0	0
MFA FINL INC	COM	55272X102	607	76,010	SH		DFND	1	76,010	0	0
MFA FINL INC	COM	55272X102	53	6,600	SH		SOLE		6,600	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	302	46,400	SH		SOLE		46,400	0	0
MICRON TECHNOLOGY INC	COM	595112103	190	5,426	SH		SOLE		5,426	0	0
MICRON TECHNOLOGY INC	COM	595112103	52	1,493	SH		DFND	2	1,493	0	0
MICROSOFT CORP	COM	594918104	2,250	48,441	SH		SOLE		48,441	0	0
MOHAWK INDS INC	COM	608190104	126	810	SH		DFND	1	810	0	0
MOHAWK INDS INC	COM	608190104	490	3,153	SH		SOLE		3,153	0	0
MOMENTA PHARMACEUTICALS INC	COM	60877T100	206	17,100	SH		SOLE		17,100	0	0
MONDELEZ INTL INC	CL A	609207105	1,111	30,573	SH		SOLE		30,573	0	0
MONTGOMERY STR INCOME SECS I	COM	614115103	255	15,530	SH		SOLE		15,530	0	0
MORGAN STANLEY EM MKTS DM DE	COM	617477104	196	18,590	SH		SOLE		18,590	0	0
MORGAN STANLEY EMER MKTS DEB	COM	61744H105	160	17,570	SH		SOLE		17,570	0	0
MSA SAFETY INC	COM	553498106	413	7,771	SH		DFND	1	7,771	0	0
MSA SAFETY INC	COM	553498106	649	12,229	SH		SOLE		12,229	0	0
NATIONAL AMERN UNIV HLDGS IN	COM	63245Q105	442	163,670	SH		SOLE		163,670	0	0
NATURES SUNSHINE PRODUCTS IN	COM	639027101	193	13,000	SH		SOLE		13,000	0	0
NATUS MEDICAL INC DEL	COM	639050103	471	13,075	SH		DFND	1	13,075	0	0
NATUS MEDICAL INC DEL	COM	639050103	51	1,425	SH		SOLE		1,425	0	0
NEENAH PAPER INC	COM	640079109	741	12,288	SH		DFND	1	12,288	0	0
NEENAH PAPER INC	COM	640079109	103	1,712	SH		SOLE		1,712	0	0
NETFLIX INC	COM	64110L106	205	600	SH	Put	SOLE		600	0	0
NEUBERGER BERMAN RE ES SEC F	COM	64190A103	313	59,250	SH		SOLE		59,250	0	0
NEUROCRINE BIOSCIENCES INC	COM	64125C109	1,356	60,698	SH		SOLE		60,698	0	0
NEVADA GOLD & CASINOS INC	COM NEW	64126Q206	31	24,500	SH		SOLE		24,500	0	0
NEVSUN RES LTD	COM	64156L101	69	17,810	SH		SOLE		17,810	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	560	35,000	SH		DFND	1	35,000	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	783	48,964	SH		SOLE		48,964	0	0
NEWPORT CORP	COM	651824104	2,349	122,940	SH		DFND	1	122,940	0	0
NEWPORT CORP	COM	651824104	189	9,887	SH		SOLE		9,887	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	311	6,000	SH		DFND	1	6,000	0	0
NN INC	COM	629337106	570	27,738	SH		DFND	1	27,738	0	0
NN INC	COM	629337106	129	6,262	SH		SOLE		6,262	0	0
NOBLE CORP PLC	SHS USD	G65431101	622	37,546	SH		DFND	1	37,546	0	0
NOBLE CORP PLC	SHS USD	G65431101	2	100	SH		SOLE		100	0	0
NOBLE ENERGY INC	COM	655044105	3,585	75,581	SH		SOLE		75,581	0	0
NORTECH SYS INC	COM	656553104	189	33,294	SH		SOLE		33,294	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	330	3,560	SH		SOLE		3,560	0	0
NPS PHARMACEUTICALS INC	COM	62936P103	1,045	29,218	SH		SOLE		29,218	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	656	15,022	SH		DFND	1	15,022	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	55	1,260	SH		SOLE		1,260	0	0
NUVASIVE INC	COM	670704105	745	15,800	SH		SOLE		15,800	0	0
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	591	67,442	SH		DFND	1	67,442	0	0
NUVEEN CR STRATEGIES INCM FD	COM SHS	67073D102	350	39,928	SH		SOLE		39,928	0	0
NUVEEN GLOBAL EQUITY INCOME	COM	6706EH103	275	21,120	SH		SOLE		21,120	0	0
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	127	10,490	SH		SOLE		10,490	0	0
OCEAN BIO CHEM INC	COM	674631106	94	20,690	SH		SOLE		20,690	0	0
OCI RES LP	COM UNIT LTD	67081B106	1,516	59,000	SH		DFND	1	59,000	0	0
OIL STS INTL INC	COM	678026105	283	5,788	SH		DFND	1	5,788	0	0
OIL STS INTL INC	COM	678026105	160	3,262	SH		SOLE		3,262	0	0
OLIN CORP	COM PAR $1	680665205	293	12,854	SH		DFND	1	12,854	0	0
OLIN CORP	COM PAR $1	680665205	536	23,522	SH		SOLE		23,522	0	0
OMNOVA SOLUTIONS INC	COM	682129101	608	74,715	SH		DFND	1	74,715	0	0
OMNOVA SOLUTIONS INC	COM	682129101	59	7,285	SH		SOLE		7,285	0	0
ON SEMICONDUCTOR CORP	COM	682189105	632	62,409	SH		DFND	1	62,409	0	0
ON SEMICONDUCTOR CORP	COM	682189105	92	9,091	SH		SOLE		9,091	0	0
OPHTHOTECH CORP	COM	683745103	751	16,733	SH		SOLE		16,733	0	0
OPKO HEALTH INC	COM	68375N103	339	33,900	SH	Put	SOLE		33,900	0	0
OPTICAL CABLE CORP	COM NEW	683827208	327	72,250	SH		SOLE		72,250	0	0
ORASURE TECHNOLOGIES INC	COM	68554V108	534	52,689	SH		SOLE		52,689	0	0
OTELCO INC	CL A NEW	688823301	287	58,987	SH		SOLE		58,987	0	0
OWENS ILL INC	COM NEW	690768403	413	15,287	SH		SOLE		15,287	0	0
OXIGENE INC	COM PAR$.001	691828404	44	27,100	SH		SOLE		27,100	0	0
PDI INC	COM	69329V100	97	54,395	SH		SOLE		54,395	0	0
PEABODY ENERGY CORP	COM	704549104	15	2,000	SH	Call	SOLE		2,000	0	0
PEABODY ENERGY CORP	COM	704549104	3,940	509,083	SH		SOLE		509,083	0	0
PENN VA CORP	COM	707882106	7	1,000	SH	Call	SOLE		1,000	0	0
PENN VA CORP	COM	707882106	14,569	2,180,966	SH		SOLE		2,180,966	0	0
PEP BOYS MANNY MOE & JACK	COM	713278109	196	20,000	SH	Call	SOLE		20,000	0	0
PEPSICO INC	COM	713448108	1,671	17,667	SH		SOLE		17,667	0	0
PERICOM SEMICONDUCTOR CORP	COM	713831105	165	12,220	SH		SOLE		12,220	0	0
PERICOM SEMICONDUCTOR CORP	COM	713831105	56	4,102	SH		DFND	2	4,102	0	0
PERION NETWORK LTD	SHS	M78673106	53	12,000	SH	Call	SOLE		12,000	0	0
PERION NETWORK LTD	SHS	M78673106	100	22,800	SH		SOLE		22,800	0	0
PFIZER INC	COM	717081103	349	11,189	SH		SOLE		11,189	0	0
PIONEER NAT RES CO	COM	723787107	17,169	115,344	SH		SOLE		115,344	0	0
PLANET PAYMENT INC	SHS	U72603118	247	118,860	SH		SOLE		118,860	0	0
PLUG POWER INC	COM NEW	72919P202	63	20,900	SH	Put	SOLE		20,900	0	0
PMFG INC	COM	69345P103	131	25,000	SH		SOLE		25,000	0	0
PROCTER & GAMBLE CO	COM	742718109	1,085	11,908	SH		SOLE		11,908	0	0
PROSHARES TR	PSHS ULT S&P 500	74347R107	3,541	27,600	SH	Put	SOLE		27,600	0	0
PROSHARES TR	PSHS ULTRA QQQ	74347R206	4,841	35,400	SH	Put	SOLE		35,400	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	67	13,920	SH		SOLE		13,920	0	0
RACKSPACE HOSTING INC	COM	750086100	805	17,200	SH	Put	SOLE		17,200	0	0
RAMBUS INC DEL	COM	750917106	110	9,934	SH		SOLE		9,934	0	0
RAMBUS INC DEL	COM	750917106	69	6,260	SH		DFND	2	6,260	0	0
RAND LOGISTICS INC	COM	752182105	159	40,142	SH		DFND	1	40,142	0	0
RAND LOGISTICS INC	COM	752182105	7	1,658	SH		SOLE		1,658	0	0
RANGE RES CORP	COM	75281A109	15,404	288,186	SH		SOLE		288,186	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	413	18,519	SH		DFND	1	18,519	0	0
RELYPSA INC	COM	759531106	579	18,805	SH		SOLE		18,805	0	0
RESOLUTE ENERGY CORP	COM	76116A108	2,060	1,560,521	SH		SOLE		1,560,521	0	0
REX ENERGY CORPORATION	COM	761565100	2,368	464,270	SH		SOLE		464,270	0	0
RF INDS LTD	COM PAR $0.01	749552105	44	10,877	SH		SOLE		10,877	0	0
RF MICRODEVICES INC	COM	749941100	164	9,898	SH		SOLE		9,898	0	0
RF MICRODEVICES INC	COM	749941100	56	3,387	SH		DFND	2	3,387	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	645	14,000	SH		SOLE		14,000	0	0
ROCK-TENN CO	CL A	772739207	317	5,193	SH		DFND	1	5,193	0	0
ROCK-TENN CO	CL A	772739207	25	411	SH		SOLE		411	0	0
ROCKWELL COLLINS INC	COM	774341101	390	4,615	SH		DFND	1	4,615	0	0
ROCKWELL COLLINS INC	COM	774341101	875	10,361	SH		SOLE		10,361	0	0
ROCKWELL MED INC	COM	774374102	512	49,784	SH		SOLE		49,784	0	0
ROSETTA GENOMICS LTD	SHS NEW NIS 0.6	M82183126	66	29,170	SH		SOLE		29,170	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	177	17,540	SH		SOLE		17,540	0	0
ROYCE VALUE TR INC	COM	780910105	550	38,360	SH		SOLE		38,360	0	0
RSP PERMIAN INC	COM	74978Q105	1,258	50,056	SH		SOLE		50,056	0	0
RUBY TUESDAY INC	COM	781182100	91	13,278	SH		SOLE		13,278	0	0
RUBY TUESDAY INC	COM	781182100	44	6,491	SH		DFND	2	6,491	0	0
SAFEGUARD SCIENTIFICS INC	COM NEW	786449207	1,468	74,043	SH		DFND	1	74,043	0	0
SAFEGUARD SCIENTIFICS INC	COM NEW	786449207	973	49,075	SH		SOLE		49,075	0	0
SAFEWAY INC	COM NEW	786514208	620	17,658	SH		DFND	1	17,658	0	0
SAFEWAY INC	COM NEW	786514208	82	2,342	SH		SOLE		2,342	0	0
SALESFORCE COM INC	COM	79466L302	2,100	35,400	SH	Put	SOLE		35,400	0	0
SALIX PHARMACEUTICALS INC	COM	795435106	268	2,329	SH		SOLE		2,329	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	10,850	1,167,909	SH		SOLE		1,167,909	0	0
SANDRIDGE ENERGY INC	COM	80007P307	18	10,000	SH	Call	SOLE		10,000	0	0
SANOFI	SPONSORED ADR	80105N105	217	4,750	SH		SOLE		4,750	0	0
SCHLUMBERGER LTD	COM	806857108	918	10,745	SH		SOLE		10,745	0	0
SCHMITT INDS INC ORE	COM NEW	806870200	410	139,818	SH		SOLE		139,818	0	0
SCHNITZER STL INDS	CL A	806882106	227	10,054	SH		DFND	1	10,054	0	0
SCHNITZER STL INDS	CL A	806882106	21	946	SH		SOLE		946	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	1,810	27,213	SH		DFND	1	27,213	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	943	14,173	SH		SOLE		14,173	0	0
SEAWORLD ENTMT INC	COM	81282V100	165	9,245	SH		DFND	1	9,245	0	0
SEAWORLD ENTMT INC	COM	81282V100	14	755	SH		SOLE		755	0	0
SERVOTRONICS INC	COM	817732100	331	53,329	SH		SOLE		53,329	0	0
SIGMA DESIGNS INC	COM	826565103	423	57,148	SH		SOLE		57,148	0	0
SILGAN HOLDINGS INC	COM	827048109	928	17,317	SH		DFND	1	17,317	0	0
SILGAN HOLDINGS INC	COM	827048109	1,032	19,258	SH		SOLE		19,258	0	0
SILVER WHEATON CORP	COM	828336107	357	17,564	SH		DFND	1	17,564	0	0
SILVER WHEATON CORP	COM	828336107	41	2,000	SH	Call	SOLE		2,000	0	0
SILVER WHEATON CORP	COM	828336107	377	18,532	SH		SOLE		18,532	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,588	58,054	SH		DFND	1	58,054	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	982	35,875	SH		SOLE		35,875	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	248	3,417	SH		SOLE		3,417	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	83	1,137	SH		DFND	2	1,137	0	0
SMTC CORP	COM NEW	832682207	384	216,683	SH		SOLE		216,683	0	0
SOLARCITY CORP	COM	83416T100	449	8,400	SH	Put	SOLE		8,400	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	737	27,240	SH		DFND	1	27,240	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	427	15,781	SH		SOLE		15,781	0	0
SOUTHWEST AIRLS CO	COM	844741108	194	4,578	SH		SOLE		4,578	0	0
SOUTHWEST AIRLS CO	COM	844741108	53	1,244	SH		DFND	2	1,244	0	0
SPARTAN MTRS INC	COM	846819100	242	46,000	SH		SOLE		46,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,213	5,900	SH		SOLE		5,900	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	822	4,000	SH	Put	SOLE		4,000	0	0
SPDR SERIES TRUST	S&P RETAIL ETF	78464A714	336	3,500	SH	Put	SOLE		3,500	0	0
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	984	22,854	SH		DFND	1	22,854	0	0
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	169	3,927	SH		SOLE		3,927	0	0
SPS COMM INC	COM	78463M107	281	4,970	SH		DFND	1	4,970	0	0
SPS COMM INC	COM	78463M107	30	530	SH		SOLE		530	0	0
ST JUDE MED INC	COM	790849103	325	5,000	SH		SOLE		5,000	0	0
STONE ENERGY CORP	COM	861642106	925	54,810	SH		SOLE		54,810	0	0
STRYKER CORP	COM	863667101	271	2,869	SH		SOLE		2,869	0	0
SUNCOR ENERGY INC NEW	COM	867224107	64	2,000	SH	Call	SOLE		2,000	0	0
SUNCOR ENERGY INC NEW	COM	867224107	238	7,500	SH		SOLE		7,500	0	0
SUNLINK HEALTH SYSTEMS INC	COM	86737U102	691	504,209	SH		SOLE		504,209	0	0
SUPERIOR ENERGY SVCS INC	COM	868157108	951	47,190	SH		SOLE		47,190	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	195	23,462	SH		SOLE		23,462	0	0
SUPPORT COM INC	COM	86858W101	185	87,477	SH		SOLE		87,477	0	0
SUTRON CORP	COM	869380105	399	79,807	SH		SOLE		79,807	0	0
SYNERGETICS USA INC	COM	87160G107	665	152,896	SH		SOLE		152,896	0	0
SYNERGY PHARMACEUTICALS DEL	COM NEW	871639308	211	69,110	SH		SOLE		69,110	0	0
SYNERGY RES CORP	COM	87164P103	125	10,000	SH	Put	SOLE		10,000	0	0
SYPRIS SOLUTIONS INC	COM	871655106	174	65,401	SH		SOLE		65,401	0	0
TAHOE RES INC	COM	873868103	338	24,375	SH		DFND	1	24,375	0	0
TAHOE RES INC	COM	873868103	36	2,625	SH		SOLE		2,625	0	0
TANDEM DIABETES CARE INC	COM	875372104	444	34,955	SH		SOLE		34,955	0	0
TD AMERITRADE HLDG CORP	COM	87236Y108	1,013	28,321	SH		DFND	1	28,321	0	0
TD AMERITRADE HLDG CORP	COM	87236Y108	94	2,634	SH		SOLE		2,634	0	0
TECUMSEH PRODS CO	COM	878895309	41	13,300	SH		SOLE		13,300	0	0
TELECOMMUNICATION SYS INC	CL A	87929J103	103	33,128	SH		SOLE		33,128	0	0
TENGASCO INC	COM NEW	88033R205	118	455,754	SH		SOLE		455,754	0	0
TESLA MTRS INC	COM	88160R101	1,890	8,500	SH	Put	SOLE		8,500	0	0
TESSERA TECHNOLOGIES INC	COM	88164L100	138	3,846	SH		SOLE		3,846	0	0
TESSERA TECHNOLOGIES INC	COM	88164L100	71	1,987	SH		DFND	2	1,987	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,356	10,821	SH		SOLE		10,821	0	0
THOMPSON CREEK METALS CO INC	COM	884768102	33	20,000	SH	Call	SOLE		20,000	0	0
TOR MINERALS INTL INC	COM NEW	890878309	273	36,668	SH		SOLE		36,668	0	0
TOWER INTL INC	COM	891826109	516	20,180	SH		DFND	1	20,180	0	0
TOWER INTL INC	COM	891826109	65	2,553	SH		SOLE		2,553	0	0
TRAVELERS COMPANIES INC	COM	89417E109	1,907	18,016	SH		SOLE		18,016	0	0
TRIANGLE PETE CORP	COM NEW	89600B201	3,274	684,967	SH		SOLE		684,967	0	0
TRIMAS CORP	COM NEW	896215209	463	14,808	SH		DFND	1	14,808	0	0
TRIMAS CORP	COM NEW	896215209	37	1,192	SH		SOLE		1,192	0	0
TRINITY BIOTECH PLC	SPON ADR NEW	896438306	1,265	72,264	SH		DFND	1	72,264	0	0
TRINITY BIOTECH PLC	SPON ADR NEW	896438306	1,208	68,996	SH		SOLE		68,996	0	0
TRINITY INDS INC	COM	896522109	984	35,123	SH		DFND	1	35,123	0	0
TRINITY INDS INC	COM	896522109	163	5,834	SH		SOLE		5,834	0	0
TRINITY INDS INC	COM	896522109	52	1,857	SH		DFND	2	1,857	0	0
TRIO TECH INTL	COM NEW	896712205	36	12,232	SH		SOLE		12,232	0	0
TRIPADVISOR INC	COM	896945201	336	4,500	SH	Put	SOLE		4,500	0	0
TRIUMPH GROUP INC NEW	COM	896818101	3,135	46,631	SH		DFND	1	46,631	0	0
TRIUMPH GROUP INC NEW	COM	896818101	1,056	15,712	SH		SOLE		15,712	0	0
TRONOX LTD	SHS CL A	Q9235V101	1,259	52,709	SH		DFND	1	52,709	0	0
TRONOX LTD	SHS CL A	Q9235V101	699	29,291	SH		SOLE		29,291	0	0
TSR INC	COM NEW	872885207	117	33,796	SH		SOLE		33,796	0	0
TUESDAY MORNING CORP	COM NEW	899035505	445	20,500	SH	Put	SOLE		20,500	0	0
TURQUOISE HILL RES LTD	COM	900435108	47	15,000	SH	Call	SOLE		15,000	0	0
TURQUOISE HILL RES LTD	COM	900435108	36	11,570	SH		SOLE		11,570	0	0
TWIN DISC INC	COM	901476101	252	12,680	SH		DFND	1	12,680	0	0
TWIN DISC INC	COM	901476101	6	303	SH		SOLE		303	0	0
U S ENERGY CORP WYO	COM	911805109	96	64,900	SH		SOLE		64,900	0	0
ULTRA CLEAN HLDGS INC	COM	90385V107	1,237	133,315	SH		DFND	1	133,315	0	0
ULTRA CLEAN HLDGS INC	COM	90385V107	475	51,157	SH		SOLE		51,157	0	0
ULTRALIFE CORP	COM	903899102	83	26,508	SH		SOLE		26,508	0	0
UNDER ARMOUR INC	CL A	904311107	564	8,300	SH	Put	SOLE		8,300	0	0
UNITED CONTL HLDGS INC	COM	910047109	149	2,227	SH		SOLE		2,227	0	0
UNITED CONTL HLDGS INC	COM	910047109	55	823	SH		DFND	2	823	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	156	1,205	SH		SOLE		1,205	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	46	354	SH		DFND	2	354	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	1,380	13,651	SH		SOLE		13,651	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	71	700	SH		DFND	2	700	0	0
USA COMPRESSION PARTNERS LP	COMUNIT LTDPAR	90290N109	1,327	80,000	SH		DFND	1	80,000	0	0
VALE S A	ADR	91912E105	607	74,200	SH		SOLE		74,200	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	446	5,510	SH		SOLE		5,510	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	812	7,660	SH		SOLE		7,660	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	341	8,520	SH		SOLE		8,520	0	0
VASCO DATA SEC INTL INC	COM	92230Y104	265	9,405	SH		SOLE		9,405	0	0
VASCO DATA SEC INTL INC	COM	92230Y104	91	3,221	SH		DFND	2	3,221	0	0
VENAXIS INC	COM	92262A107	162	91,300	SH		SOLE		91,300	0	0
VERSAR INC	COM	925297103	193	61,131	SH		SOLE		61,131	0	0
VERSARTIS INC	COM	92529L102	227	10,100	SH		SOLE		10,100	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	408	3,436	SH		SOLE		3,436	0	0
VIEWTRAN GROUP INC	USD ORD SHS	G9363W104	649	470,061	SH		DFND	1	470,061	0	0
VIEWTRAN GROUP INC	USD ORD SHS	G9363W104	37	27,139	SH		SOLE		27,139	0	0
VIRCO MFG CO	COM	927651109	49	20,200	SH		SOLE		20,200	0	0
VIRTUALSCOPICS INC	COM NEW	928269208	163	51,540	SH		SOLE		51,540	0	0
WABASH NATL CORP	NOTE 3.375% 5/0	929566AH0	63	50,000	PRN		DFND	1	50,000	0	0
WABASH NATL CORP	NOTE 3.375% 5/0	929566AH0	63	50,000	PRN		SOLE		50,000	0	0
WABCO HLDGS INC	COM	92927K102	1,053	10,048	SH		DFND	1	10,048	0	0
WABCO HLDGS INC	COM	92927K102	100	952	SH		SOLE		952	0	0
WAL-MART STORES INC	COM	931142103	2,033	23,673	SH		SOLE		23,673	0	0
WALTER ENERGY INC	COM	93317Q105	667	483,100	SH		SOLE		483,100	0	0
WESTERN UN CO	COM	959802109	667	37,264	SH		DFND	1	37,264	0	0
WESTERN UN CO	COM	959802109	67	3,736	SH		SOLE		3,736	0	0
WEYERHAEUSER CO	COM	962166104	257	7,150	SH		SOLE		7,150	0	0
WHITING PETE CORP NEW	COM	966387102	12,796	387,770	SH		SOLE		387,770	0	0
WHITING USA TR I	TR UNIT	966389108	43	24,200	SH	Put	SOLE		24,200	0	0
WILLIAMS CLAYTON ENERGY INC	COM	969490101	38,318	600,600	SH		SOLE		600,600	0	0
WILLIS GROUP HOLDINGS PUBLIC	SHS	G96666105	1,073	23,947	SH		DFND	1	23,947	0	0
WILLIS GROUP HOLDINGS PUBLIC	SHS	G96666105	92	2,053	SH		SOLE		2,053	0	0
WOLVERINE WORLD WIDE INC	COM	978097103	546	18,512	SH		DFND	1	18,512	0	0
WOLVERINE WORLD WIDE INC	COM	978097103	44	1,488	SH		SOLE		1,488	0	0
WORKDAY INC	CL A	98138H101	498	6,100	SH	Put	SOLE		6,100	0	0
WORLD WRESTLING ENTMT INC	CL A	98156Q108	286	23,138	SH		DFND	1	23,138	0	0
WORLD WRESTLING ENTMT INC	CL A	98156Q108	23	1,862	SH		SOLE		1,862	0	0
XO GROUP INC	COM	983772104	133	7,285	SH		SOLE		7,285	0	0
XO GROUP INC	COM	983772104	65	3,590	SH		DFND	2	3,590	0	0
XUEDA ED GROUP	SPONSORED ADR	98418W109	357	149,411	SH		DFND	1	149,411	0	0
XUEDA ED GROUP	SPONSORED ADR	98418W109	17	7,189	SH		SOLE		7,189	0	0
XYLEM INC	COM	98419M100	857	22,511	SH		DFND	1	22,511	0	0
XYLEM INC	COM	98419M100	185	4,859	SH		SOLE		4,859	0	0
ZIMMER HLDGS INC	COM	98956P102	320	2,822	SH		DFND	1	2,822	0	0
ZIMMER HLDGS INC	COM	98956P102	730	6,439	SH		SOLE		6,439	0	0