| 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 |
| ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 | 1,235 | 18,260 | SH | | DFND | 1 | 18,260 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | 24,948 | 11,405 | SH | | DFND | 1 | 11,405 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | 17,659 | 69,090 | SH | | DFND | 1 | 69,090 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 | 6,440 | 142,409 | SH | | DFND | 1 | 142,409 | 0 | 0 |
| APPLE INC | COM | 037833100 | 22,819 | 166,900 | SH | | DFND | 1 | 166,900 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 | 20,953 | 1,165,533 | SH | | DFND | 1 | 1,165,533 | 0 | 0 |
| BLACKROCK INNOVATION AND GRW | SHS BEN INT | 09260Q108 | 407 | 51,300 | SH | | DFND | 1 | 51,300 | 0 | 0 |
| BLACKROCK MUNICIPAL INCOME | COM | 09253X102 | 901 | 75,692 | SH | | DFND | 1 | 75,692 | 0 | 0 |
| BLACKSTONE MTG TR INC | COM CL A | 09257W100 | 8,633 | 312,000 | SH | | DFND | 1 | 312,000 | 0 | 0 |
| BNY MELLON ALCENTRA GLOBAL C | COM | 05588N108 | 101 | 13,647 | SH | | DFND | 1 | 13,647 | 0 | 0 |
| BNY MELLON HIGH YIELD STRATE | SH BEN INT | 09660L105 | 363 | 160,100 | SH | | DFND | 1 | 160,100 | 0 | 0 |
| BOEING CO | COM | 097023105 | 18,594 | 136,000 | SH | Put | DFND | 1 | 136,000 | 0 | 0 |
| BOEING CO | COM | 097023105 | 22,989 | 168,150 | SH | | DFND | 1 | 168,150 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | 13,723 | 7,846 | SH | | DFND | 1 | 7,846 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 | 7,830 | 210,100 | SH | | DFND | 1 | 210,100 | 0 | 0 |
| BRANDYWINEGBL GBL INCM OPP F | COM | 10537L104 | 807 | 95,880 | SH | | DFND | 1 | 95,880 | 0 | 0 |
| CBRE GBL REAL ESTATE INC FD | COM | 12504G100 | 214 | 29,500 | SH | | DFND | 1 | 29,500 | 0 | 0 |
| CENTER COAST BRKFLD MLP ENRG | SHS BEN INT | 151461209 | 1,945 | 121,480 | SH | | DFND | 1 | 121,480 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | 26,982 | 202,830 | SH | | DFND | 1 | 202,830 | 0 | 0 |
| CORNERSTONE STRATEGIC VALUE | COM | 21924B302 | 3,348 | 390,159 | SH | | DFND | 1 | 390,159 | 0 | 0 |
| CORNERSTONE TOTAL RETURN FD | COM | 21924U300 | 825 | 99,049 | SH | | DFND | 1 | 99,049 | 0 | 0 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 | 19,280 | 317,267 | SH | | DFND | 1 | 317,267 | 0 | 0 |
| CUSHING MLP & INFRASTRUCT | COM NEW | 231631300 | 1,031 | 37,100 | SH | | DFND | 1 | 37,100 | 0 | 0 |
| DELAWARE INVTS NATL MUN INCO | SH BEN INT | 24610T108 | 815 | 72,047 | SH | | DFND | 1 | 72,047 | 0 | 0 |
| EATON VANCE LTD DURATION INC | COM | 27828H105 | 660 | 63,917 | SH | | DFND | 1 | 63,917 | 0 | 0 |
| EATON VANCE SHORT DURATION D | COM | 27828V104 | 1,061 | 98,700 | SH | | DFND | 1 | 98,700 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | 33,614 | 392,500 | SH | | DFND | 1 | 392,500 | 0 | 0 |
| GODADDY INC | CL A | 380237107 | 2,629 | 37,800 | SH | | DFND | 1 | 37,800 | 0 | 0 |
| GOSSAMER BIO INC | NOTE 5.000% 6/0 | 38341PAA0 | 2,623 | 3,500,000 | PRN | | DFND | 1 | 3,500,000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | 3,231 | 203,980 | SH | | DFND | 1 | 203,980 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | W EXP 06/30/205 | 42806J148 | 7,730 | 789,540 | SH | | DFND | 1 | 789,540 | 0 | 0 |
| HIGHLAND GLOBAL ALLOCATION F | COM | 43010T104 | 752 | 77,791 | SH | | DFND | 1 | 77,791 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 | 8,769 | 126,530 | SH | | DFND | 1 | 126,530 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 | 2,734 | 25,305 | SH | | DFND | 1 | 25,305 | 0 | 0 |
| ISHARES TR | US HLTHCR PR ETF | 464288828 | 941 | 3,685 | SH | | DFND | 1 | 3,685 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 12,910 | 82,750 | SH | | DFND | 1 | 82,750 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | 28,626 | 1,707,992 | SH | | DFND | 1 | 1,707,992 | 0 | 0 |
| LEGEND BIOTECH CORP | SPONSORED ADS | 52490G102 | 8,185 | 148,825 | SH | | DFND | 1 | 148,825 | 0 | 0 |
| LILLY ELI & CO | COM | 532457108 | 1,950 | 6,013 | SH | | DFND | 1 | 6,013 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | 19,387 | 45,090 | SH | | DFND | 1 | 45,090 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | 32,873 | 127,997 | SH | | DFND | 1 | 127,997 | 0 | 0 |
| MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 | 3,718 | 399,364 | SH | | DFND | 1 | 399,364 | 0 | 0 |
| NEUBERGER BERMAN HIGH YIELD | COM | 64128C106 | 4,272 | 509,840 | SH | | DFND | 1 | 509,840 | 0 | 0 |
| NEUBERGER BERMAN NEXT GENERA | COMMON STOCK | 64133Q108 | 974 | 98,200 | SH | | DFND | 1 | 98,200 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | 32,698 | 68,325 | SH | | DFND | 1 | 68,325 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | 17,642 | 116,380 | SH | | DFND | 1 | 116,380 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | 25,416 | 51,455 | SH | | DFND | 1 | 51,455 | 0 | 0 |
| PFIZER INC | COM | 717081103 | 17,330 | 330,540 | SH | | DFND | 1 | 330,540 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | 63,043 | 655,950 | SH | | DFND | 1 | 655,950 | 0 | 0 |
| REDWOOD TRUST INC | NOTE 4.750% 8/1 | 758075AC9 | 1,905 | 1,978,000 | PRN | | DFND | 1 | 1,978,000 | 0 | 0 |
| RIVERNORTH FLEXIBLE MUNI INC | COM | 76883Y107 | 190 | 13,089 | SH | | DFND | 1 | 13,089 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 | 11,533 | 330,377 | SH | | DFND | 1 | 330,377 | 0 | 0 |
| SABA CAPITAL INCOME & OPRNT | SHS NEW | 78518H202 | 3,724 | 463,780 | SH | | DFND | 1 | 463,780 | 0 | 0 |
| SALIENT MIDSTREAM & MLP FD | SH BEN INT | 79471V105 | 1,006 | 132,832 | SH | | DFND | 1 | 132,832 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 | 19,147 | 40,265 | SH | | DFND | 1 | 40,265 | 0 | 0 |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 3,773 | 10,000 | SH | Call | DFND | 1 | 10,000 | 0 | 0 |
| SPDR SER TR | S&P BIOTECH | 78464A870 | 1,352 | 18,200 | SH | | DFND | 1 | 18,200 | 0 | 0 |
| SPDR SER TR | S&P BIOTECH | 78464A870 | 10,583 | 142,500 | SH | Call | DFND | 1 | 142,500 | 0 | 0 |
| SPDR SER TR | S&P OILGAS EXP | 78468R556 | 15,443 | 129,250 | SH | | DFND | 1 | 129,250 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 | 44,272 | 2,119,300 | SH | | DFND | 1 | 2,119,300 | 0 | 0 |
| STARWOOD PPTY TR INC | NOTE 4.375% 4/0 | 85571BAH8 | 10,754 | 10,815,000 | PRN | | DFND | 1 | 10,815,000 | 0 | 0 |
| SURGERY PARTNERS INC | COM | 86881A100 | 6,475 | 223,881 | SH | | DFND | 1 | 223,881 | 0 | 0 |
| TELADOC HEALTH INC | NOTE 1.250% 6/0 | 87918AAF2 | 1,115 | 1,500,000 | PRN | | DFND | 1 | 1,500,000 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 | 8,661 | 164,790 | SH | | DFND | 1 | 164,790 | 0 | 0 |
| TORTOISE ENERGY INDEPENDENC | COM | 89148K200 | 440 | 16,205 | SH | | DFND | 1 | 16,205 | 0 | 0 |
| TORTOISE MIDSTRM ENERGY FD I | COM | 89148B200 | 1,482 | 46,068 | SH | | DFND | 1 | 46,068 | 0 | 0 |
| TORTOISE PWR & ENERGY INFRAS | COM | 89147X104 | 351 | 28,021 | SH | | DFND | 1 | 28,021 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 | 17,559 | 32,719 | SH | | DFND | 1 | 32,719 | 0 | 0 |
| UNITED STS NAT GAS FD LP | UNIT PAR | 912318300 | 5,961 | 313,588 | SH | | DFND | 1 | 313,588 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 7,417 | 14,441 | SH | | DFND | 1 | 14,441 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 | 24,122 | 103,705 | SH | | DFND | 1 | 103,705 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | 971 | 16,500 | SH | | DFND | 1 | 16,500 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 | 1,104 | 55,495 | SH | | DFND | 1 | 55,495 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 4,579 | 16,251 | SH | | DFND | 1 | 16,251 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | 34,365 | 174,540 | SH | | DFND | 1 | 174,540 | 0 | 0 |
| WALKER & DUNLOP INC | COM | 93148P102 | 6,300 | 65,390 | SH | | DFND | 1 | 65,390 | 0 | 0 |
| WESTERN ASSET EMERGING MKTS | COM | 95766A101 | 777 | 88,000 | SH | | DFND | 1 | 88,000 | 0 | 0 |
| WESTERN ASSET HIGH INCOM FD | COM | 95766J102 | 1,965 | 398,603 | SH | | DFND | 1 | 398,603 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 | 1,971 | 18,760 | SH | | DFND | 1 | 18,760 | 0 | 0 |
