Marathon Asset Management 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
ALLY FINL INC	COM	02005N100	10,394	439,090	SH		DFND	1	439,090	0	0
ALLY FINL INC	COM	02005N100	2,320	97,792	SH		DFND	2	97,792	0	0
ALLY FINL INC	COM	02005N100	5,585	235,846	SH		DFND	3	235,846	0	0
ALLY FINL INC	COM	02005N100	4,011	169,294	SH		DFND	4	169,294	0	0
ALLY FINL INC	COM	02005N100	2,391	100,000	SH		DFND	5	100,000	0	0
ALLY FINL INC	COM	02005N100	4,601	194,370	SH		DFND	7	194,370	0	0
ALLY FINL INC	COM	02005N100	8,680	365,804	SH		DFND	8	365,804	0	0
ALLY FINL INC	COM	02005N100	2,534	106,596	SH		DFND	9	106,596	0	0
ALLY FINL INC	COM	02005N100	24,211	1,021,829	SH		DFND	11	1,021,829	0	0
ALLY FINL INC	COM	02005N100	2,641	111,491	SH		DFND	12	111,491	0	0
ALLY FINL INC	COM	02005N100	2,345	99,040	SH		DFND	13	99,040	0	0
ALLY FINL INC	COM	02005N100	3,659	154,512	SH		SOLE		154,512	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	342	438,000	SH		DFND	1	438,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	113	145,000	SH		DFND	2	145,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	256	328,000	SH		DFND	3	328,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	190	244,000	SH		DFND	4	244,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	99	127,000	SH		DFND	5	127,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	207	265,000	SH		DFND	7	265,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	432	554,000	SH		DFND	8	554,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	115	147,000	SH		DFND	9	147,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	1,148	1,472,000	SH		DFND	11	1,472,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	122	157,000	SH		DFND	12	157,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	107	137,000	SH		DFND	13	137,000	0	0
ALPHA NATURAL RESOURCES INC	NOTE 4.875%12/1	02076XAF9	769	986,000	SH		SOLE		986,000	0	0
ALTISOURCE RESIDENTIAL CORP	CL B	02153W100	301	11,556	SH		DFND	10	11,556	0	0
ASSURED GUARANTY LTD	COM	G0585R106	6,085	248,353	SH		DFND	1	248,353	0	0
ASSURED GUARANTY LTD	COM	G0585R106	853	34,833	SH		DFND	2	34,833	0	0
ASSURED GUARANTY LTD	COM	G0585R106	1,926	78,603	SH		DFND	3	78,603	0	0
ASSURED GUARANTY LTD	COM	G0585R106	1,429	58,335	SH		DFND	4	58,335	0	0
ASSURED GUARANTY LTD	COM	G0585R106	743	30,324	SH		DFND	5	30,324	0	0
ASSURED GUARANTY LTD	COM	G0585R106	1,555	63,488	SH		DFND	7	63,488	0	0
ASSURED GUARANTY LTD	COM	G0585R106	3,250	132,640	SH		DFND	8	132,640	0	0
ASSURED GUARANTY LTD	COM	G0585R106	860	35,106	SH		DFND	9	35,106	0	0
ASSURED GUARANTY LTD	COM	G0585R106	8,633	352,373	SH		DFND	11	352,373	0	0
ASSURED GUARANTY LTD	COM	G0585R106	923	37,672	SH		DFND	12	37,672	0	0
ASSURED GUARANTY LTD	COM	G0585R106	805	32,861	SH		DFND	13	32,861	0	0
ASSURED GUARANTY LTD	COM	G0585R106	1,622	66,208	SH		SOLE		66,208	0	0
AXIALL CORP	COM	05463D100	1,730	36,608	SH		DFND	1	36,608	0	0
AXIALL CORP	COM	05463D100	988	20,896	SH		DFND	2	20,896	0	0
AXIALL CORP	COM	05463D100	2,229	47,156	SH		DFND	3	47,156	0	0
AXIALL CORP	COM	05463D100	1,624	34,360	SH		DFND	4	34,360	0	0
AXIALL CORP	COM	05463D100	913	19,315	SH		DFND	5	19,315	0	0
AXIALL CORP	COM	05463D100	1,778	37,624	SH		DFND	7	37,624	0	0
AXIALL CORP	COM	05463D100	3,727	78,847	SH		DFND	8	78,847	0	0
AXIALL CORP	COM	05463D100	988	20,894	SH		DFND	9	20,894	0	0
AXIALL CORP	COM	05463D100	9,859	208,576	SH		DFND	11	208,576	0	0
AXIALL CORP	COM	05463D100	959	20,297	SH		DFND	12	20,297	0	0
AXIALL CORP	COM	05463D100	932	19,706	SH		DFND	13	19,706	0	0
AXIALL CORP	COM	05463D100	1,533	32,421	SH		DFND		32,421	0	0
BARCLAYS PLC	ADR	06738E204	1,222	83,638	SH		DFND	1	83,638	0	0
BARCLAYS PLC	ADR	06738E204	230	15,751	SH		DFND	2	15,751	0	0
BARCLAYS PLC	ADR	06738E204	519	35,546	SH		DFND	3	35,546	0	0
BARCLAYS PLC	ADR	06738E204	345	23,626	SH		DFND	4	23,626	0	0
BARCLAYS PLC	ADR	06738E204	212	14,487	SH		DFND	5	14,487	0	0
BARCLAYS PLC	ADR	06738E204	486	33,231	SH		DFND	7	33,231	0	0
BARCLAYS PLC	ADR	06738E204	631	43,183	SH		DFND	8	43,183	0	0
BARCLAYS PLC	ADR	06738E204	253	17,341	SH		DFND	9	17,341	0	0
BARCLAYS PLC	ADR	06738E204	1,831	125,291	SH		DFND	11	125,291	0	0
BARCLAYS PLC	ADR	06738E204	344	23,533	SH		DFND	12	23,533	0	0
BARCLAYS PLC	ADR	06738E204	3,059	209,368	SH		SOLE		209,368	0	0
CAESARS ACQUISITION CO	CL A	12768T103	286	23,115	SH		DFND	1	23,115	0	0
CAESARS ACQUISITION CO	CL A	12768T103	95	7,672	SH		DFND	2	7,672	0	0
CAESARS ACQUISITION CO	CL A	12768T103	214	17,313	SH		DFND	3	17,313	0	0
CAESARS ACQUISITION CO	CL A	12768T103	159	12,849	SH		DFND	4	12,849	0	0
CAESARS ACQUISITION CO	CL A	12768T103	83	6,679	SH		DFND	5	6,679	0	0
CAESARS ACQUISITION CO	CL A	12768T103	173	13,984	SH		DFND	7	13,984	0	0
CAESARS ACQUISITION CO	CL A	12768T103	361	29,216	SH		DFND	8	29,216	0	0
CAESARS ACQUISITION CO	CL A	12768T103	96	7,732	SH		DFND	9	7,732	0	0
CAESARS ACQUISITION CO	CL A	12768T103	960	77,616	SH		DFND	11	77,616	0	0
CAESARS ACQUISITION CO	CL A	12768T103	103	8,298	SH		DFND	12	8,298	0	0
CAESARS ACQUISITION CO	CL A	12768T103	150	12,108	SH		SOLE		12,108	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	9,812	395,004	SH		DFND	1	395,004	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,497	100,533	SH		DFND	2	100,533	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	5,635	226,864	SH		DFND	3	226,864	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	4,184	168,436	SH		DFND	4	168,436	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,176	87,582	SH		DFND	5	87,582	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	4,554	183,325	SH		DFND	7	183,325	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	9,489	382,011	SH		DFND	8	382,011	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,517	101,331	SH		DFND	9	101,331	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	25,255	1,016,711	SH		DFND	11	1,016,711	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,701	108,732	SH		DFND	12	108,732	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	2,356	94,859	SH		DFND	13	94,859	0	0
CHENIERE ENERGY PTNRS LP HLD	COM REP LLC IN	16411W108	3,940	158,607	SH		SOLE		158,607	0	0
CHIMERA INVT CORP	COM	16934Q109	5,034	1,578,000	SH		DFND	10	1,578,000	0	0
CIT GROUP INC	COM NEW	125581801	1,464	31,997	SH		DFND	2	31,997	0	0
CIT GROUP INC	COM NEW	125581801	3,308	72,301	SH		DFND	3	72,301	0	0
CIT GROUP INC	COM NEW	125581801	5,244	114,588	SH		DFND	4	114,588	0	0
CIT GROUP INC	COM NEW	125581801	1,356	29,628	SH		DFND	5	29,628	0	0
CIT GROUP INC	COM NEW	125581801	2,906	63,507	SH		DFND	7	63,507	0	0
CIT GROUP INC	COM NEW	125581801	5,475	119,640	SH		DFND	8	119,640	0	0
CIT GROUP INC	COM NEW	125581801	1,489	32,542	SH		DFND	9	32,542	0	0
CIT GROUP INC	COM NEW	125581801	16,110	352,065	SH		DFND	11	352,065	0	0
CIT GROUP INC	COM NEW	125581801	1,866	40,788	SH		DFND	12	40,788	0	0
CIT GROUP INC	COM NEW	125581801	1,380	30,154	SH		DFND	13	30,154	0	0
CIT GROUP INC	COM NEW	125581801	2,132	46,589	SH		SOLE		46,589	0	0
DELEK US HLDGS INC	COM	246647101	1,260	44,629	SH		DFND	1	44,629	0	0
DELEK US HLDGS INC	COM	246647101	1,111	39,346	SH		DFND	2	39,346	0	0
DELEK US HLDGS INC	COM	246647101	2,506	88,769	SH		DFND	3	88,769	0	0
DELEK US HLDGS INC	COM	246647101	1,321	46,782	SH		DFND	4	46,782	0	0
DELEK US HLDGS INC	COM	246647101	1,019	36,088	SH		DFND	5	36,088	0	0
DELEK US HLDGS INC	COM	246647101	2,020	71,565	SH		DFND	7	71,565	0	0
DELEK US HLDGS INC	COM	246647101	3,927	139,094	SH		DFND	8	139,094	0	0
DELEK US HLDGS INC	COM	246647101	1,122	39,751	SH		DFND	9	39,751	0	0
DELEK US HLDGS INC	COM	246647101	11,083	392,609	SH		DFND	11	392,609	0	0
DELEK US HLDGS INC	COM	246647101	1,203	42,598	SH		DFND	12	42,598	0	0
DELEK US HLDGS INC	COM	246647101	1,053	37,291	SH		DFND	13	37,291	0	0
DELEK US HLDGS INC	COM	246647101	1,714	60,700	SH		SOLE		60,700	0	0
DIANA SHIPPING INC	COM	Y2066G104	841	77,203	SH		DFND	1	77,203	0	0
DIANA SHIPPING INC	COM	Y2066G104	232	21,298	SH		DFND	2	21,298	0	0
DIANA SHIPPING INC	COM	Y2066G104	524	48,126	SH		DFND	3	48,126	0	0
DIANA SHIPPING INC	COM	Y2066G104	403	37,035	SH		DFND	4	37,035	0	0
DIANA SHIPPING INC	COM	Y2066G104	215	19,722	SH		DFND	5	19,722	0	0
DIANA SHIPPING INC	COM	Y2066G104	419	38,442	SH		DFND	7	38,442	0	0
DIANA SHIPPING INC	COM	Y2066G104	864	79,311	SH		DFND	8	79,311	0	0
DIANA SHIPPING INC	COM	Y2066G104	236	21,661	SH		DFND	9	21,661	0	0
DIANA SHIPPING INC	COM	Y2066G104	2,723	250,000	SH		DFND	11	250,000	0	0
DIANA SHIPPING INC	COM	Y2066G104	250	22,918	SH		DFND	12	22,918	0	0
DIANA SHIPPING INC	COM	Y2066G104	219	20,072	SH		DFND	13	20,072	0	0
DIANA SHIPPING INC	COM	Y2066G104	4,164	382,412	SH		SOLE		382,412	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,131	65,600	SH	Call	DFND	2	65,600	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	2,602	150,900	SH	Call	DFND	3	150,900	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,800	104,400	SH	Call	DFND	4	104,400	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,129	65,500	SH	Call	DFND	5	65,500	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,988	115,300	SH	Call	DFND	7	115,300	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,289	190,800	SH	Call	DFND	8	190,800	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,252	72,600	SH	Call	DFND	9	72,600	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	9,896	574,000	SH	Call	DFND	11	574,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,676	97,200	SH	Call	DFND	12	97,200	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,098	63,700	SH	Call	SOLE	13	63,700	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	560	245,398	SH		DFND	1	245,398	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	283	124,325	SH		DFND	2	124,325	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	640	280,567	SH		DFND	3	280,567	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	466	204,429	SH		DFND	4	204,429	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	262	114,919	SH		DFND	5	114,919	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	510	223,851	SH		DFND	7	223,851	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	1,070	469,120	SH		DFND	8	469,120	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	283	124,315	SH		DFND	9	124,315	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	2,829	1,240,970	SH		DFND	11	1,240,970	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	304	133,270	SH		DFND	12	133,270	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	267	117,245	SH		DFND	13	117,245	0	0
FOREST OIL CORP	COM PAR $0.01	346091705	440	192,891	SH		SOLE		192,891	0	0
GENERAL MTRS CO	COM	37045V100	4,692	129,258	SH		DFND	1	129,258	0	0
GENERAL MTRS CO	COM	37045V100	2,113	58,202	SH		DFND	2	58,202	0	0
GENERAL MTRS CO	COM	37045V100	4,768	131,343	SH		DFND	3	131,343	0	0
GENERAL MTRS CO	COM	37045V100	3,561	98,094	SH		DFND	4	98,094	0	0
GENERAL MTRS CO	COM	37045V100	1,953	53,798	SH		DFND	5	53,798	0	0
GENERAL MTRS CO	COM	37045V100	3,804	104,793	SH		DFND	7	104,793	0	0
GENERAL MTRS CO	COM	37045V100	7,972	219,612	SH		DFND	8	219,612	0	0
GENERAL MTRS CO	COM	37045V100	2,113	58,196	SH		DFND	9	58,196	0	0
GENERAL MTRS CO	COM	37045V100	21,088	580,943	SH		DFND	11	580,943	0	0
GENERAL MTRS CO	COM	37045V100	2,265	62,388	SH		DFND	12	62,388	0	0
GENERAL MTRS CO	COM	37045V100	1,992	54,887	SH		DFND	13	54,887	0	0
GENERAL MTRS CO	COM	37045V100	2,849	78,486	SH		SOLE		78,486	0	0
GENERAL MTRS CO	COM	37045V100	875	24,100	SH	Call	DFND	2	24,100	0	0
GENERAL MTRS CO	COM	37045V100	2,011	55,400	SH	Call	DFND	3	55,400	0	0
GENERAL MTRS CO	COM	37045V100	1,332	36,700	SH	Call	DFND	4	36,700	0	0
GENERAL MTRS CO	COM	37045V100	842	23,200	SH	Call	DFND	5	23,200	0	0
GENERAL MTRS CO	COM	37045V100	1,800	49,600	SH	Call	DFND	7	49,600	0	0
GENERAL MTRS CO	COM	37045V100	2,686	74,000	SH	Call	DFND	8	74,000	0	0
GENERAL MTRS CO	COM	37045V100	951	26,200	SH	Call	DFND	9	26,200	0	0
GENERAL MTRS CO	COM	37045V100	7,823	215,500	SH	Call	DFND	11	215,500	0	0
GENERAL MTRS CO	COM	37045V100	1,154	31,800	SH	Call	DFND	12	31,800	0	0
GENERAL MTRS CO	COM	37045V100	835	23,000	SH	Call	DFND	13	23,000	0	0
GENERAL MTRS CO	COM	37045V100	472	13,000	SH	Call	SOLE		13,000	0	0
LADDER CAP CORP	CL A	505743104	3,168	175,328	SH		SOLE		175,328	0	0
MARATHON PETE CORP	COM	56585A102	12,084	154,780	SH		DFND	1	154,780	0	0
MARATHON PETE CORP	COM	56585A102	2,426	31,080	SH		DFND	2	31,080	0	0
MARATHON PETE CORP	COM	56585A102	5,494	70,367	SH		DFND	3	70,367	0	0
MARATHON PETE CORP	COM	56585A102	3,805	48,744	SH		DFND	4	48,744	0	0
MARATHON PETE CORP	COM	56585A102	2,390	30,617	SH		DFND	5	30,617	0	0
MARATHON PETE CORP	COM	56585A102	2,856	36,581	SH		DFND	7	36,581	0	0
MARATHON PETE CORP	COM	56585A102	8,167	104,605	SH		DFND	8	104,605	0	0
MARATHON PETE CORP	COM	56585A102	2,694	34,503	SH		DFND	9	34,503	0	0
MARATHON PETE CORP	COM	56585A102	20,072	257,109	SH		DFND	11	257,109	0	0
MARATHON PETE CORP	COM	56585A102	3,553	45,513	SH		DFND	12	45,513	0	0
MARATHON PETE CORP	COM	56585A102	2,321	29,725	SH		DFND	13	29,725	0	0
MARATHON PETE CORP	COM	56585A102	4,227	54,148	SH		SOLE		54,148	0	0
MERITOR INC	COM	59001K100	938	71,962	SH		DFND	1	71,962	0	0
MERITOR INC	COM	59001K100	292	22,375	SH		DFND	2	22,375	0	0
MERITOR INC	COM	59001K100	658	50,485	SH		DFND	3	50,485	0	0
MERITOR INC	COM	59001K100	592	45,430	SH		DFND	4	45,430	0	0
MERITOR INC	COM	59001K100	320	24,524	SH		DFND	5	24,524	0	0
MERITOR INC	COM	59001K100	550	42,151	SH		DFND	7	42,151	0	0
MERITOR INC	COM	59001K100	844	64,694	SH		DFND	8	64,694	0	0
MERITOR INC	COM	59001K100	294	22,567	SH		DFND	9	22,567	0	0
MERITOR INC	COM	59001K100	2,912	223,285	SH		DFND	11	223,285	0	0
MERITOR INC	COM	59001K100	315	24,184	SH		DFND	12	24,184	0	0
MERITOR INC	COM	59001K100	330	25,319	SH		DFND	13	25,319	0	0
MERITOR INC	COM	59001K100	482	36,969	SH		DFND		36,969	0	0
MIDSTATES PETE CO INC	COM	59804T100	471	65,130	SH		DFND	1	65,130	0	0
MIDSTATES PETE CO INC	COM	59804T100	86	11,846	SH		DFND	2	11,846	0	0
MIDSTATES PETE CO INC	COM	59804T100	194	26,787	SH		DFND	3	26,787	0	0
MIDSTATES PETE CO INC	COM	59804T100	134	18,601	SH		DFND	4	18,601	0	0
MIDSTATES PETE CO INC	COM	59804T100	83	11,474	SH		DFND	5	11,474	0	0
MIDSTATES PETE CO INC	COM	59804T100	169	23,333	SH		DFND	7	23,333	0	0
MIDSTATES PETE CO INC	COM	59804T100	244	33,789	SH		DFND	8	33,789	0	0
MIDSTATES PETE CO INC	COM	59804T100	94	13,070	SH		DFND	9	13,070	0	0
MIDSTATES PETE CO INC	COM	59804T100	766	105,936	SH		DFND	11	105,936	0	0
MIDSTATES PETE CO INC	COM	59804T100	91	12,643	SH		DFND	12	12,643	0	0
MIDSTATES PETE CO INC	COM	59804T100	82	11,391	SH		DFND	13	11,391	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	964	26,552	SH		DFND	2	26,552	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	2,182	60,123	SH		DFND	3	60,123	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,514	41,713	SH		DFND	4	41,713	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	904	24,904	SH		DFND	5	24,904	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,893	52,147	SH		DFND	7	52,147	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	2,721	74,955	SH		DFND	8	74,955	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,022	28,147	SH		DFND	9	28,147	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	3,848	106,000	SH		DFND	10	106,000	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	9,010	248,218	SH		DFND	11	248,218	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,021	28,115	SH		DFND	12	28,115	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	928	25,553	SH		DFND	13	25,553	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,625	44,753	SH		SOLE		44,753	0	0
NEW RESIDENTIAL INVT CORP	COM	64828T102	7	1,110,944	SH		SOLE		1,110,944	0	0
NUCOR CORP	COM	670346105	1,413	28,682	SH		DFND	1	28,682	0	0
NUCOR CORP	COM	670346105	417	8,460	SH		DFND	2	8,460	0	0
NUCOR CORP	COM	670346105	940	19,092	SH		DFND	3	19,092	0	0
NUCOR CORP	COM	670346105	698	14,169	SH		DFND	4	14,169	0	0
NUCOR CORP	COM	670346105	363	7,365	SH		DFND	5	7,365	0	0
NUCOR CORP	COM	670346105	759	15,420	SH		DFND	7	15,420	0	0
NUCOR CORP	COM	670346105	1,587	32,216	SH		DFND	8	32,216	0	0
NUCOR CORP	COM	670346105	420	8,527	SH		DFND	9	8,527	0	0
NUCOR CORP	COM	670346105	4,215	85,587	SH		DFND	11	85,587	0	0
NUCOR CORP	COM	670346105	451	9,150	SH		DFND	12	9,150	0	0
NUCOR CORP	COM	670346105	393	7,981	SH		DFND	13	7,981	0	0
NUCOR CORP	COM	670346105	658	13,351	SH		SOLE		13,351	0	0
PENNYMAC MTG INVT TR	COM	70931T103	3,291	150,000	SH		DFND	10	150,000	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	780	292,308	SH		DFND	1	292,308	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	168	62,847	SH		DFND	2	62,847	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	379	141,916	SH		DFND	3	141,916	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	283	105,831	SH		DFND	4	105,831	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	157	58,625	SH		DFND	5	58,625	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	365	136,698	SH		DFND	7	136,698	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	601	225,236	SH		DFND	8	225,236	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	194	72,520	SH		DFND	9	72,520	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	1,590	595,408	SH		DFND	11	595,408	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	233	87,120	SH		DFND	12	87,120	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	163	60,931	SH		DFND	13	60,931	0	0
QUICKSILVER RESOURCES INC	COM	74837R104	289	108,383	SH		SOLE		108,383	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	7	300	SH		DFND	10	300	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	17	477	SH		DFND	1	477	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	23	SH		DFND	2	23	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	2	55	SH		DFND	3	55	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	41	SH		DFND	4	41	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	21	SH		DFND	5	21	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	2	44	SH		DFND	7	44	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	3	92	SH		DFND	8	92	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	24	SH		DFND	9	24	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	9	246	SH		DFND	11	246	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	26	SH		DFND	12	26	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1	23	SH		DFND	13	23	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	0	14	SH		SOLE		14	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	692	19,900	SH	Call	DFND	2	19,900	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,557	44,800	SH	Call	DFND	3	44,800	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,157	33,300	SH	Call	DFND	4	33,300	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	601	17,300	SH	Call	DFND	5	17,300	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,258	36,200	SH	Call	DFND	7	36,200	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	2,631	75,700	SH	Call	DFND	8	75,700	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	695	20,000	SH	Call	DFND	9	20,000	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	6,985	201,000	SH	Call	DFND	11	201,000	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	747	21,500	SH	Call	DFND	12	21,500	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	653	18,800	SH	Call	DFND	13	18,800	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	400	11,500	SH	Call	SOLE		11,500	0	0
TWO HBRS INVT CORP	COM	90187B101	8,599	820,515	SH		DFND	10	820,515	0	0
W & T OFFSHORE INC	COM	92922P106	2,523	154,136	SH		DFND	1	154,136	0	0
W & T OFFSHORE INC	COM	92922P106	674	41,181	SH		DFND	2	41,181	0	0
W & T OFFSHORE INC	COM	92922P106	1,521	92,936	SH		DFND	3	92,936	0	0
W & T OFFSHORE INC	COM	92922P106	1,109	67,749	SH		DFND	4	67,749	0	0
W & T OFFSHORE INC	COM	92922P106	623	38,066	SH		DFND	5	38,066	0	0
W & T OFFSHORE INC	COM	92922P106	1,214	74,150	SH		DFND	7	74,150	0	0
W & T OFFSHORE INC	COM	92922P106	2,543	155,374	SH		DFND	8	155,374	0	0
W & T OFFSHORE INC	COM	92922P106	674	41,184	SH		DFND	9	41,184	0	0
W & T OFFSHORE INC	COM	92922P106	6,727	410,959	SH		DFND	11	410,959	0	0
W & T OFFSHORE INC	COM	92922P106	723	44,146	SH		DFND	12	44,146	0	0
W & T OFFSHORE INC	COM	92922P106	636	38,836	SH		DFND	13	38,836	0	0
W & T OFFSHORE INC	COM	92922P106	1,241	75,820	SH		SOLE		75,820	0	0
WALTER ENERGY INC	COM	93317Q105	113	20,700	SH	Put	DFND	2	20,700	0	0
WALTER ENERGY INC	COM	93317Q105	253	46,500	SH	Put	DFND	3	46,500	0	0
WALTER ENERGY INC	COM	93317Q105	195	35,700	SH	Put	DFND	4	35,700	0	0
WALTER ENERGY INC	COM	93317Q105	103	18,900	SH	Put	DFND	5	18,900	0	0
WALTER ENERGY INC	COM	93317Q105	205	37,700	SH	Put	DFND	7	37,700	0	0
WALTER ENERGY INC	COM	93317Q105	325	59,600	SH	Put	DFND	8	59,600	0	0
WALTER ENERGY INC	COM	93317Q105	114	21,000	SH	Put	DFND	9	21,000	0	0
WALTER ENERGY INC	COM	93317Q105	1,122	205,800	SH	Put	DFND	11	205,800	0	0
WALTER ENERGY INC	COM	93317Q105	122	22,400	SH	Put	DFND	12	22,400	0	0
WALTER ENERGY INC	COM	93317Q105	107	19,600	SH	Put	DFND	13	19,600	0	0
WALTER ENERGY INC	COM	93317Q105	66	12,100	SH	Put	SOLE		12,100	0	0