Dialectic Capital 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
3-D SYS CORP DEL	COM NEW	88554D205	581	9,827	SH		SOLE		9,827	0	0
3-D SYS CORP DEL	COM NEW	88554D205	602	10,173	SH		DFND	1	10,173	0	0
ABIOMED INC	COM	003654100	383	14,700	SH	Put	SOLE		14,700	0	0
ABIOMED INC	COM	003654100	398	15,300	SH	Put	DFND	1	15,300	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	268	13,118	SH		SOLE		13,118	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	1,000	48,900	SH	Call	SOLE		48,900	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	409	20,032	SH		DFND	1	20,032	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	2,843	139,100	SH	Call	DFND	1	139,100	0	0
ACTUATE CORP	COM	00508B102	229	38,118	SH		SOLE		38,118	0	0
ACTUATE CORP	COM	00508B102	817	135,632	SH		DFND	1	135,632	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	313	78,169	SH		SOLE		78,169	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	325	81,051	SH		DFND	1	81,051	0	0
AIR LEASE CORP	CL A	00912X302	1,421	38,100	SH	Call	SOLE		38,100	0	0
AIR LEASE CORP	CL A	00912X302	1,376	36,900	SH	Call	DFND	1	36,900	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	518	9,922	SH		SOLE		9,922	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	1,138	21,819	SH		DFND	1	21,819	0	0
AMERICAN CAP LTD	COM	02503Y103	451	28,538	SH		SOLE		28,538	0	0
AMERICAN CAP LTD	COM	02503Y103	1,603	101,462	SH		DFND	1	101,462	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	329	23,420	SH		SOLE		23,420	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	1,209	86,131	SH		DFND	1	86,131	0	0
AMERICAN EXPRESS CO	COM	025816109	395	4,388	SH		SOLE		4,388	0	0
AMERICAN EXPRESS CO	COM	025816109	1,406	15,612	SH		DFND	1	15,612	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	343	4,189	SH		SOLE		4,189	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	409	5,000	SH	Call	SOLE		5,000	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	974	11,902	SH		DFND	1	11,902	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,130	13,800	SH	Call	DFND	1	13,800	0	0
APPLE INC	COM	037833100	811	1,511	SH		SOLE		1,511	0	0
APPLE INC	COM	037833100	2,987	5,565	SH		DFND	1	5,565	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	140	5,682	SH		SOLE		5,682	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	532	21,583	SH		DFND	1	21,583	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	149	3,438	SH		SOLE		3,438	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	413	9,527	SH		DFND	1	9,527	0	0
ARUBA NETWORKS INC	COM	043176106	292	15,548	SH		SOLE		15,548	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	268	8,066	SH		SOLE		8,066	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	557	16,771	SH		DFND	1	16,771	0	0
BAKER HUGHES INC	COM	057224107	1,326	20,400	SH	Put	SOLE		20,400	0	0
BAKER HUGHES INC	COM	057224107	1,274	19,600	SH	Put	DFND	1	19,600	0	0
BALL CORP	COM	058498106	359	6,548	SH		SOLE		6,548	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	74	3,157	SH		SOLE		3,157	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	208	8,985	SH		DFND	1	8,985	0	0
BOEING CO	COM	097023105	301	2,397	SH		SOLE		2,397	0	0
BOEING CO	COM	097023105	841	6,698	SH		DFND	1	6,698	0	0
BOISE CASCADE CO DEL	COM	09739D100	367	12,819	SH		SOLE		12,819	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,042	36,392	SH		DFND	1	36,392	0	0
BUNGE LIMITED	COM	G16962105	120	1,503	SH		SOLE		1,503	0	0
BUNGE LIMITED	COM	G16962105	334	4,197	SH		DFND	1	4,197	0	0
C&J ENERGY SVCS INC	COM	12467B304	273	9,359	SH		SOLE		9,359	0	0
C&J ENERGY SVCS INC	COM	12467B304	762	26,115	SH		DFND	1	26,115	0	0
CAMPBELL SOUP CO	COM	134429109	588	13,100	SH	Put	SOLE		13,100	0	0
CAMPBELL SOUP CO	COM	134429109	579	12,900	SH	Put	DFND	1	12,900	0	0
CAPITALA FIN CORP	COM	14054R106	285	14,805	SH		SOLE		14,805	0	0
CAPITALA FIN CORP	COM	14054R106	1,062	55,095	SH		DFND	1	55,095	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	85	6,033	SH		SOLE		6,033	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	240	17,070	SH		DFND	1	17,070	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	506	4,109	SH		SOLE		4,109	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	1,417	11,502	SH		DFND	1	11,502	0	0
COMCAST CORP NEW	CL A SPL	20030N200	1,155	23,688	SH		SOLE		23,688	0	0
COMCAST CORP NEW	CL A SPL	20030N200	1,483	30,400	SH	Call	SOLE		30,400	0	0
COMCAST CORP NEW	CL A SPL	20030N200	1,647	33,779	SH		DFND	1	33,779	0	0
COMCAST CORP NEW	CL A SPL	20030N200	4,111	84,300	SH	Call	DFND	1	84,300	0	0
CONSOL ENERGY INC	COM	20854P109	288	7,211	SH		SOLE		7,211	0	0
CONSOL ENERGY INC	COM	20854P109	797	19,960	SH		DFND	1	19,960	0	0
CREE INC	COM	225447101	211	3,738	SH		SOLE		3,738	0	0
CREE INC	COM	225447101	778	13,760	SH		DFND	1	13,760	0	0
CROWN CASTLE INTL CORP	COM	228227104	440	5,963	SH		SOLE		5,963	0	0
CROWN CASTLE INTL CORP	COM	228227104	1,231	16,679	SH		DFND	1	16,679	0	0
CROWN HOLDINGS INC	COM	228368106	268	5,977	SH		SOLE		5,977	0	0
CROWN HOLDINGS INC	COM	228368106	765	17,096	SH		DFND	1	17,096	0	0
CUSTOMERS BANCORP INC	COM	23204G100	250	11,995	SH		SOLE		11,995	0	0
CUSTOMERS BANCORP INC	COM	23204G100	926	44,389	SH		DFND	1	44,389	0	0
DEERE & CO	COM	244199105	826	9,100	SH	Put	SOLE		9,100	0	0
DEERE & CO	COM	244199105	799	8,800	SH	Put	DFND	1	8,800	0	0
DEVON ENERGY CORP NEW	COM	25179M103	301	4,511	SH		SOLE		4,511	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,072	45,900	SH	Call	SOLE		45,900	0	0
DEVON ENERGY CORP NEW	COM	25179M103	833	12,453	SH		DFND	1	12,453	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,952	44,100	SH	Call	DFND	1	44,100	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	1,877	38,500	SH	Put	SOLE		38,500	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	1,780	36,500	SH	Put	DFND	1	36,500	0	0
DUNKIN BRANDS GROUP INC	COM	265504100	645	12,865	SH		SOLE		12,865	0	0
DUNKIN BRANDS GROUP INC	COM	265504100	667	13,297	SH		DFND	1	13,297	0	0
E M C CORP MASS	COM	268648102	357	13,030	SH		SOLE		13,030	0	0
E M C CORP MASS	COM	268648102	374	13,640	SH		DFND	1	13,640	0	0
EATON CORP PLC	SHS	G29183103	1,916	25,500	SH	Call	SOLE		25,500	0	0
EATON CORP PLC	SHS	G29183103	1,840	24,500	SH	Call	DFND	1	24,500	0	0
EBAY INC	COM	278642103	304	5,502	SH		SOLE		5,502	0	0
EBAY INC	COM	278642103	1,270	22,988	SH		DFND	1	22,988	0	0
EHEALTH INC	COM	28238P109	305	6,003	SH		SOLE		6,003	0	0
EHEALTH INC	COM	28238P109	1,123	22,097	SH		DFND	1	22,097	0	0
EMCORE CORP	COM NEW	290846203	156	30,912	SH		SOLE		30,912	0	0
EMCORE CORP	COM NEW	290846203	575	113,790	SH		DFND	1	113,790	0	0
EQT CORP	COM	26884L109	2,725	28,100	SH	Call	SOLE		28,100	0	0
EQT CORP	COM	26884L109	2,608	26,900	SH	Call	DFND	1	26,900	0	0
EZCHIP SEMICONDUCTOR LIMITED	ORD	M4146Y108	310	12,241	SH		SOLE		12,241	0	0
EZCHIP SEMICONDUCTOR LIMITED	ORD	M4146Y108	321	12,679	SH		DFND	1	12,679	0	0
FABRINET	SHS	G3323L100	344	16,584	SH		SOLE		16,584	0	0
FABRINET	SHS	G3323L100	1,268	61,048	SH		DFND	1	61,048	0	0
FASTENAL CO	COM	311900104	626	12,700	SH	Call	SOLE		12,700	0	0
FASTENAL CO	COM	311900104	606	12,300	SH	Call	DFND	1	12,300	0	0
FINISH LINE INC	CL A	317923100	93	3,437	SH		SOLE		3,437	0	0
FINISH LINE INC	CL A	317923100	265	9,778	SH		DFND	1	9,778	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	225	10,127	SH		SOLE		10,127	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	828	37,277	SH		DFND	1	37,277	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	114	992	SH		SOLE		992	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	382	3,318	SH		DFND	1	3,318	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,193	76,500	SH	Put	SOLE		76,500	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,147	73,500	SH	Put	DFND	1	73,500	0	0
FORTINET INC	COM	34959E109	200	9,073	SH		SOLE		9,073	0	0
FORTINET INC	COM	34959E109	736	33,398	SH		DFND	1	33,398	0	0
FUSION-IO INC	COM	36112J107	231	21,985	SH		SOLE		21,985	0	0
FUSION-IO INC	COM	36112J107	851	80,929	SH		DFND	1	80,929	0	0
GASTAR EXPL INC NEW	COM	36729W202	379	69,115	SH		SOLE		69,115	0	0
GASTAR EXPL INC NEW	COM	36729W202	362	66,137	SH		DFND	1	66,137	0	0
GENERAL MLS INC	COM	370334104	2,052	39,600	SH	Put	SOLE		39,600	0	0
GENERAL MLS INC	COM	370334104	1,995	38,500	SH	Put	DFND	1	38,500	0	0
GENERAL MTRS CO	COM	37045V100	2,372	68,900	SH	Put	SOLE		68,900	0	0
GENERAL MTRS CO	COM	37045V100	2,275	66,100	SH	Put	DFND	1	66,100	0	0
GENTHERM INC	COM	37253A103	191	5,488	SH		SOLE		5,488	0	0
GENTHERM INC	COM	37253A103	677	19,512	SH		DFND	1	19,512	0	0
GLU MOBILE INC	COM	379890106	313	66,000	SH		SOLE		66,000	0	0
GLU MOBILE INC	COM	379890106	322	68,000	SH		DFND	1	68,000	0	0
GOOGLE INC	CL A	38259P508	656	588	SH		SOLE		588	0	0
GOOGLE INC	CL A	38259P508	1,304	1,170	SH		DFND	1	1,170	0	0
GRAINGER W W INC	COM	384802104	375	1,487	SH		SOLE		1,487	0	0
GRAINGER W W INC	COM	384802104	608	2,405	SH		DFND	1	2,405	0	0
HALLIBURTON CO	COM	406216101	1,054	17,900	SH	Put	SOLE		17,900	0	0
HALLIBURTON CO	COM	406216101	1,007	17,100	SH	Put	DFND	1	17,100	0	0
HANESBRANDS INC	COM	410345102	153	2,002	SH		SOLE		2,002	0	0
HANESBRANDS INC	COM	410345102	424	5,549	SH		DFND	1	5,549	0	0
HD SUPPLY HLDGS INC	COM	40416M105	193	7,404	SH		SOLE		7,404	0	0
HD SUPPLY HLDGS INC	COM	40416M105	681	26,029	SH		DFND	1	26,029	0	0
HUNT J B TRANS SVCS INC	COM	445658107	601	8,364	SH		SOLE		8,364	0	0
HUNT J B TRANS SVCS INC	COM	445658107	860	11,964	SH		DFND	1	11,964	0	0
IMMERSION CORP	COM	452521107	4,569	433,114	SH		SOLE		433,114	0	0
IMMERSION CORP	COM	452521107	4,575	433,619	SH		DFND	1	433,619	0	0
INTEROIL CORP	COM	460951106	1,587	24,500	SH	Put	SOLE		24,500	0	0
INTEROIL CORP	COM	460951106	1,651	25,500	SH	Put	DFND	1	25,500	0	0
INTL PAPER CO	COM	460146103	1,416	30,853	SH		SOLE		30,853	0	0
INTL PAPER CO	COM	460146103	1,355	29,536	SH		DFND	1	29,536	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,489	3,400	SH	Put	SOLE		3,400	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,577	3,600	SH	Put	DFND	1	3,600	0	0
ISHARES	JP MOR EM MK ETF	464288281	422	3,789	SH		SOLE		3,789	0	0
ISHARES	JP MOR EM MK ETF	464288281	1,249	11,211	SH		DFND	1	11,211	0	0
ISHARES GOLD TRUST	ISHARES	464285105	1,318	105,940	SH		SOLE		105,940	0	0
ISHARES GOLD TRUST	ISHARES	464285105	1,070	86,040	SH		DFND	1	86,040	0	0
JDS UNIPHASE CORP	COM PAR $0.001	46612J507	452	32,268	SH		SOLE		32,268	0	0
JDS UNIPHASE CORP	COM PAR $0.001	46612J507	1,663	118,783	SH		DFND	1	118,783	0	0
KANDI TECHNOLOGIES GROUP INC	COM	483709101	213	13,000	SH	Put	SOLE		13,000	0	0
KANDI TECHNOLOGIES GROUP INC	COM	483709101	197	12,000	SH	Put	DFND	1	12,000	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	123	4,264	SH		SOLE		4,264	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	75	2,600	SH	Call	SOLE		2,600	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	344	11,936	SH		DFND	1	11,936	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	213	7,400	SH	Call	DFND	1	7,400	0	0
KOFAX LTD	COM USD	G5307C105	262	30,145	SH		SOLE		30,145	0	0
KOFAX LTD	COM USD	G5307C105	511	58,938	SH		DFND	1	58,938	0	0
KOHLS CORP	COM	500255104	415	7,300	SH	Put	SOLE		7,300	0	0
KOHLS CORP	COM	500255104	409	7,200	SH	Put	DFND	1	7,200	0	0
LAS VEGAS SANDS CORP	COM	517834107	306	3,795	SH		SOLE		3,795	0	0
LAS VEGAS SANDS CORP	COM	517834107	858	10,622	SH		DFND	1	10,622	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	441	10,602	SH		SOLE		10,602	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	1,387	33,350	SH		DFND	1	33,350	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	311	7,631	SH		SOLE		7,631	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	1,026	25,213	SH		DFND	1	25,213	0	0
LOUISIANA PAC CORP	COM	546347105	399	23,668	SH		SOLE		23,668	0	0
LOUISIANA PAC CORP	COM	546347105	1,141	67,661	SH		DFND	1	67,661	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	156	18,415	SH		SOLE		18,415	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	438	51,513	SH		DFND	1	51,513	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	147	1,768	SH		SOLE		1,768	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	417	5,016	SH		DFND	1	5,016	0	0
METHANEX CORP	COM	59151K108	895	14,000	SH	Put	SOLE		14,000	0	0
METHANEX CORP	COM	59151K108	703	11,000	SH	Put	DFND	1	11,000	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	306	11,858	SH		SOLE		11,858	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	657	25,400	SH	Call	SOLE		25,400	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	858	33,192	SH		DFND	1	33,192	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	636	24,600	SH	Call	DFND	1	24,600	0	0
MINDRAY MEDICAL INTL LTD	SPON ADR	602675100	260	8,000	SH		SOLE		8,000	0	0
MOSAIC CO NEW	COM	61945C103	775	15,500	SH	Put	SOLE		15,500	0	0
MOSAIC CO NEW	COM	61945C103	760	15,200	SH	Put	DFND	1	15,200	0	0
MOVE INC	COM NEW	62458M207	288	24,918	SH		SOLE		24,918	0	0
MOVE INC	COM NEW	62458M207	1,061	91,825	SH		DFND	1	91,825	0	0
MSC INDL DIRECT INC	CL A	553530106	219	2,534	SH		SOLE		2,534	0	0
MSC INDL DIRECT INC	CL A	553530106	615	7,111	SH		DFND	1	7,111	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	538	38,419	SH		SOLE		38,419	0	0
NATIONAL GEN HLDGS CORP	COM	636220303	1,282	91,581	SH		DFND	1	91,581	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,316	16,900	SH	Put	SOLE		16,900	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,293	16,600	SH	Put	DFND	1	16,600	0	0
NCR CORP NEW	COM	62886E108	585	16,000	SH	Call	SOLE		16,000	0	0
NCR CORP NEW	COM	62886E108	2,156	59,000	SH	Call	DFND	1	59,000	0	0
NEOPHOTONICS CORP	COM	64051T100	336	42,381	SH		SOLE		42,381	0	0
NEOPHOTONICS CORP	COM	64051T100	406	51,188	SH		DFND	1	51,188	0	0
NEUBERGER BERMAN MLP INCOME	COM	64129H104	99	5,488	SH		SOLE		5,488	0	0
NEUBERGER BERMAN MLP INCOME	COM	64129H104	352	19,512	SH		DFND	1	19,512	0	0
NEW MTN FIN CORP	COM	647551100	93	6,394	SH		SOLE		6,394	0	0
NEW MTN FIN CORP	COM	647551100	343	23,606	SH		DFND	1	23,606	0	0
NMI HLDGS INC	CL A	629209305	1,230	104,908	SH		SOLE		104,908	0	0
NMI HLDGS INC	CL A	629209305	2,551	217,692	SH		DFND	1	217,692	0	0
NOBLE CORP PLC	SHS USD	G65431101	1,260	38,500	SH	Put	SOLE		38,500	0	0
NOBLE CORP PLC	SHS USD	G65431101	1,195	36,500	SH	Put	DFND	1	36,500	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	359	4,338	SH		SOLE		4,338	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	411	4,962	SH		DFND	1	4,962	0	0
OCI PARTNERS LP	COM UNIT REP LP	67091N108	1,198	55,900	SH	Put	SOLE		55,900	0	0
OCI PARTNERS LP	COM UNIT REP LP	67091N108	946	44,100	SH	Put	DFND	1	44,100	0	0
ON SEMICONDUCTOR CORP	COM	682189105	86	9,150	SH		SOLE		9,150	0	0
ON SEMICONDUCTOR CORP	COM	682189105	314	33,411	SH		DFND	1	33,411	0	0
ORACLE CORP	COM	68389X105	378	9,229	SH		SOLE		9,229	0	0
ORACLE CORP	COM	68389X105	850	20,771	SH		DFND	1	20,771	0	0
ORGANOVO HLDGS INC	COM	68620A104	57	7,369	SH		SOLE		7,369	0	0
ORGANOVO HLDGS INC	COM	68620A104	188	24,631	SH		DFND	1	24,631	0	0
OWENS ILL INC	COM NEW	690768403	379	11,192	SH		SOLE		11,192	0	0
OWENS ILL INC	COM NEW	690768403	1,204	35,590	SH		DFND	1	35,590	0	0
PACCAR INC	COM	693718108	1,200	17,800	SH	Call	SOLE		17,800	0	0
PACCAR INC	COM	693718108	1,160	17,200	SH	Call	DFND	1	17,200	0	0
PACKAGING CORP AMER	COM	695156109	807	11,465	SH		SOLE		11,465	0	0
PACKAGING CORP AMER	COM	695156109	1,104	15,683	SH		DFND	1	15,683	0	0
PLUG POWER INC	COM NEW	72919P202	60	8,474	SH		SOLE		8,474	0	0
PLUG POWER INC	COM NEW	72919P202	125	17,614	SH		DFND	1	17,614	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	140	3,333	SH		SOLE		3,333	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	402	9,564	SH		DFND	1	9,564	0	0
POTASH CORP SASK INC	COM	73755L107	819	22,600	SH	Put	SOLE		22,600	0	0
POTASH CORP SASK INC	COM	73755L107	797	22,000	SH	Put	DFND	1	22,000	0	0
PROSPECT CAPITAL CORPORATION	COM	74348T102	148	13,677	SH		SOLE		13,677	0	0
PROSPECT CAPITAL CORPORATION	COM	74348T102	661	61,219	SH		DFND	1	61,219	0	0
QEP RES INC	COM	74733V100	294	9,960	SH		SOLE		9,960	0	0
QEP RES INC	COM	74733V100	418	14,201	SH		DFND	1	14,201	0	0
RANGE RES CORP	COM	75281A109	288	3,466	SH		SOLE		3,466	0	0
RANGE RES CORP	COM	75281A109	639	7,700	SH	Call	SOLE		7,700	0	0
RANGE RES CORP	COM	75281A109	796	9,593	SH		DFND	1	9,593	0	0
RANGE RES CORP	COM	75281A109	606	7,300	SH	Call	DFND	1	7,300	0	0
RAYONIER INC	COM	754907103	241	5,247	SH		SOLE		5,247	0	0
RAYONIER INC	COM	754907103	691	15,045	SH		DFND	1	15,045	0	0
RCS CAP CORP	COM CL A	74937W102	237	6,088	SH		SOLE		6,088	0	0
RED HAT INC	COM	756577102	411	7,751	SH		SOLE		7,751	0	0
RED HAT INC	COM	756577102	1,488	28,088	SH		DFND	1	28,088	0	0
REPUBLIC SVCS INC	COM	760759100	145	4,251	SH		SOLE		4,251	0	0
REPUBLIC SVCS INC	COM	760759100	418	12,223	SH		DFND	1	12,223	0	0
RICE ENERGY INC	COM	762760106	141	5,331	SH		SOLE		5,331	0	0
RICE ENERGY INC	COM	762760106	389	14,756	SH		DFND	1	14,756	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	1,954	35,000	SH	Put	SOLE		35,000	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	1,546	27,700	SH	Put	DFND	1	27,700	0	0
ROCK-TENN CO	CL A	772739207	699	6,625	SH		SOLE		6,625	0	0
ROCK-TENN CO	CL A	772739207	1,267	11,998	SH		DFND	1	11,998	0	0
SCHLUMBERGER LTD	COM	806857108	1,121	11,500	SH	Put	SOLE		11,500	0	0
SCHLUMBERGER LTD	COM	806857108	1,073	11,000	SH	Put	DFND	1	11,000	0	0
SEADRILL LIMITED	SHS	G7945E105	3,941	112,100	SH	Put	SOLE		112,100	0	0
SEADRILL LIMITED	SHS	G7945E105	3,794	107,900	SH	Put	DFND	1	107,900	0	0
SEATTLE GENETICS INC	COM	812578102	2,319	50,900	SH	Put	SOLE		50,900	0	0
SEATTLE GENETICS INC	COM	812578102	2,465	54,100	SH	Put	DFND	1	54,100	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	317	10,000	SH	Put	SOLE		10,000	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	217	4,707	SH		SOLE		4,707	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	824	17,900	SH	Call	SOLE		17,900	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	599	13,028	SH		DFND	1	13,028	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	787	17,100	SH	Call	DFND	1	17,100	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,549	13,627	SH		SOLE		13,627	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	9,351	50,000	SH	Call	SOLE		50,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,932	26,373	SH		DFND	1	26,373	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	11,221	60,000	SH	Call	DFND	1	60,000	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	159	3,838	SH		SOLE		3,838	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	565	13,662	SH		DFND	1	13,662	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	1,395	130,724	SH		SOLE		130,724	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	1,183	110,849	SH		DFND	1	110,849	0	0
STARBUCKS CORP	COM	855244109	148	2,018	SH		SOLE		2,018	0	0
STARBUCKS CORP	COM	855244109	367	5,000	SH	Call	SOLE		5,000	0	0
STARBUCKS CORP	COM	855244109	420	5,726	SH		DFND	1	5,726	0	0
STARBUCKS CORP	COM	855244109	1,027	14,000	SH	Call	DFND	1	14,000	0	0
STARWOOD PPTY TR INC	COM	85571B105	161	6,836	SH		SOLE		6,836	0	0
STARWOOD PPTY TR INC	COM	85571B105	596	25,279	SH		DFND	1	25,279	0	0
TARGET CORP	COM	87612E106	738	12,200	SH	Put	SOLE		12,200	0	0
TARGET CORP	COM	87612E106	708	11,700	SH	Put	DFND	1	11,700	0	0
TIBCO SOFTWARE INC	COM	88632Q103	230	11,280	SH		SOLE		11,280	0	0
TIBCO SOFTWARE INC	COM	88632Q103	237	11,669	SH		DFND	1	11,669	0	0
TRINITY INDS INC	COM	896522109	2,357	32,700	SH	Put	SOLE		32,700	0	0
TRINITY INDS INC	COM	896522109	2,256	31,300	SH	Put	DFND	1	31,300	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	130	8,000	SH		SOLE		8,000	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	471	29,000	SH		DFND	1	29,000	0	0
TWO HBRS INVT CORP	COM	90187B101	477	46,508	SH		SOLE		46,508	0	0
TWO HBRS INVT CORP	COM	90187B101	1,755	171,199	SH		DFND	1	171,199	0	0
TYCO INTERNATIONAL LTD	SHS	H89128104	1,085	25,600	SH	Call	SOLE		25,600	0	0
TYCO INTERNATIONAL LTD	SHS	H89128104	1,035	24,400	SH	Call	DFND	1	24,400	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	7,372	75,700	SH	Call	SOLE		75,700	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	10,040	103,100	SH	Call	DFND	1	103,100	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	201	3,787	SH		SOLE		3,787	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,354	25,500	SH	Call	SOLE		25,500	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	562	10,582	SH		DFND	1	10,582	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,301	24,500	SH	Call	DFND	1	24,500	0	0
VERIFONE SYS INC	COM	92342Y109	774	22,900	SH	Call	SOLE		22,900	0	0
VERIFONE SYS INC	COM	92342Y109	917	27,100	SH	Call	DFND	1	27,100	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	2,807	18,800	SH	Put	SOLE		18,800	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	2,419	16,200	SH	Put	DFND	1	16,200	0	0
VIRNETX HLDG CORP	COM	92823T108	258	18,200	SH	Put	SOLE		18,200	0	0
VIRNETX HLDG CORP	COM	92823T108	167	11,800	SH	Put	DFND	1	11,800	0	0
VMWARE INC	CL A COM	928563402	2,313	21,412	SH		SOLE		21,412	0	0
VMWARE INC	CL A COM	928563402	2,706	25,047	SH		DFND	1	25,047	0	0
VONAGE HLDGS CORP	COM	92886T201	633	148,456	SH		SOLE		148,456	0	0
VONAGE HLDGS CORP	COM	92886T201	1,434	335,749	SH		DFND	1	335,749	0	0
VRINGO INC	COM	92911N104	664	191,532	SH		SOLE		191,532	0	0
VRINGO INC	COM	92911N104	1,660	478,468	SH		DFND	1	478,468	0	0
WASTE CONNECTIONS INC	COM	941053100	380	8,680	SH		SOLE		8,680	0	0
WASTE CONNECTIONS INC	COM	941053100	1,065	24,274	SH		DFND	1	24,274	0	0
WEYERHAEUSER CO	COM	962166104	342	11,646	SH		SOLE		11,646	0	0
WEYERHAEUSER CO	COM	962166104	980	33,388	SH		DFND	1	33,388	0	0
WIDEPOINT CORP	COM	967590100	622	388,784	SH		SOLE		388,784	0	0
WIDEPOINT CORP	COM	967590100	701	438,391	SH		DFND	1	438,391	0	0
WYNN RESORTS LTD	COM	983134107	305	1,375	SH		SOLE		1,375	0	0
WYNN RESORTS LTD	COM	983134107	955	4,300	SH	Call	SOLE		4,300	0	0
WYNN RESORTS LTD	COM	983134107	855	3,850	SH		DFND	1	3,850	0	0
WYNN RESORTS LTD	COM	983134107	2,688	12,100	SH	Call	DFND	1	12,100	0	0