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
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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
ACTUATE CORP	COM	00508B102	434	91,019	SH		SOLE		91,019	0	0
ACTUATE CORP	COM	00508B102	783	164,061	SH		DFND	1	164,061	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	499	119,149	SH		SOLE		119,149	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	607	144,846	SH		DFND	1	144,846	0	0
AGRIUM INC	COM	008916108	1,090	11,900	SH	Put	SOLE		11,900	0	0
AGRIUM INC	COM	008916108	742	8,100	SH	Put	DFND	1	8,100	0	0
ALCENTRA CAP CORP	COM	01374T102	169	11,405	SH		SOLE		11,405	0	0
ALCENTRA CAP CORP	COM	01374T102	425	28,595	SH		DFND	1	28,595	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	655	14,520	SH		SOLE		14,520	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	1,218	27,010	SH		DFND	1	27,010	0	0
ALLIANCE FIBER OPTIC PRODS I	COM NEW	018680306	306	16,919	SH		DFND	1	16,919	0	0
ALPHA & OMEGA SEMICONDUCTOR	SHS	G6331P104	123	13,219	SH		SOLE		13,219	0	0
ALPHA & OMEGA SEMICONDUCTOR	SHS	G6331P104	310	33,483	SH		DFND	1	33,483	0	0
ALTRIA GROUP INC	COM	02209S103	499	11,900	SH	Put	SOLE		11,900	0	0
ALTRIA GROUP INC	COM	02209S103	340	8,100	SH	Put	DFND	1	8,100	0	0
AMC NETWORKS INC	CL A	00164V103	617	10,046	SH		SOLE		10,046	0	0
AMC NETWORKS INC	CL A	00164V103	1,147	18,661	SH		DFND	1	18,661	0	0
AMERICAN CAP LTD	COM	02503Y103	661	43,241	SH		SOLE		43,241	0	0
AMERICAN CAP LTD	COM	02503Y103	1,632	106,759	SH		DFND	1	106,759	0	0
AMERICAN CAP MTG INVT CORP	COM	02504A104	169	8,457	SH		SOLE		8,457	0	0
AMERICAN CAP MTG INVT CORP	COM	02504A104	431	21,543	SH		DFND	1	21,543	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	766	54,726	SH		SOLE		54,726	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	1,894	135,274	SH		DFND	1	135,274	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	308	3,419	SH		SOLE		3,419	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	570	6,339	SH		DFND	1	6,339	0	0
ANADARKO PETE CORP	COM	032511107	1,200	10,966	SH		SOLE		10,966	0	0
ANADARKO PETE CORP	COM	032511107	1,124	10,270	SH		DFND	1	10,270	0	0
APPLE INC	COM	037833100	793	8,536	SH		SOLE		8,536	0	0
APPLE INC	COM	037833100	2,049	22,050	SH		DFND	1	22,050	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	469	20,202	SH		SOLE		20,202	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	365	15,718	SH		DFND	1	15,718	0	0
ARES CAP CORP	COM	04010L103	51	2,879	SH		SOLE		2,879	0	0
ARES CAP CORP	COM	04010L103	127	7,121	SH		DFND	1	7,121	0	0
ARUBA NETWORKS INC	COM	043176106	614	35,007	SH		SOLE		35,007	0	0
ARUBA NETWORKS INC	COM	043176106	1,048	59,814	SH		DFND	1	59,814	0	0
ATMEL CORP	COM	049513104	117	12,477	SH		SOLE		12,477	0	0
ATMEL CORP	COM	049513104	289	30,811	SH		DFND	1	30,811	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	626	19,267	SH		SOLE		19,267	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	742	22,873	SH		DFND	1	22,873	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	736	53,562	SH		SOLE		53,562	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	1,876	136,438	SH		DFND	1	136,438	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	123	4,230	SH		SOLE		4,230	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	312	10,770	SH		DFND	1	10,770	0	0
BOFI HLDG INC	COM	05566U108	845	11,500	SH	Put	SOLE		11,500	0	0
BOFI HLDG INC	COM	05566U108	624	8,500	SH	Put	DFND	1	8,500	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	342	37,181	SH		SOLE		37,181	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	839	91,193	SH		DFND	1	91,193	0	0
CAMPBELL SOUP CO	COM	134429109	2,176	47,500	SH	Call	SOLE		47,500	0	0
CAMPBELL SOUP CO	COM	134429109	1,489	32,500	SH	Call	DFND	1	32,500	0	0
CAPITALA FIN CORP	COM	14054R106	215	11,386	SH		SOLE		11,386	0	0
CAPITALA FIN CORP	COM	14054R106	635	33,614	SH		DFND	1	33,614	0	0
CENTURYLINK INC	COM	156700106	854	23,600	SH	Call	SOLE		23,600	0	0
CENTURYLINK INC	COM	156700106	594	16,400	SH	Call	DFND	1	16,400	0	0
CF INDS HLDGS INC	COM	125269100	1,419	5,900	SH	Put	SOLE		5,900	0	0
CF INDS HLDGS INC	COM	125269100	986	4,100	SH	Put	DFND	1	4,100	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	651	4,112	SH		SOLE		4,112	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	1,212	7,650	SH		DFND	1	7,650	0	0
CHINA MOBILE GAMES & ENTMT G	SPONSORED ADR	16952T100	286	18,000	SH		SOLE		18,000	0	0
CHURCH & DWIGHT INC	COM	171340102	1,672	23,900	SH	Call	SOLE		23,900	0	0
CHURCH & DWIGHT INC	COM	171340102	1,126	16,100	SH	Call	DFND	1	16,100	0	0
CISCO SYS INC	COM	17275R102	928	37,353	SH		SOLE		37,353	0	0
CISCO SYS INC	COM	17275R102	2,294	92,304	SH		DFND	1	92,304	0	0
COMCAST CORP NEW	CL A SPL	20030N200	2,231	41,843	SH		SOLE		41,843	0	0
COMCAST CORP NEW	CL A SPL	20030N200	1,696	31,800	SH		DFND	1	31,800	0	0
COMMERCIAL METALS CO	COM	201723103	446	25,757	SH		SOLE		25,757	0	0
COMMERCIAL METALS CO	COM	201723103	828	47,858	SH		DFND	1	47,858	0	0
CONAGRA FOODS INC	COM	205887102	621	20,898	SH		SOLE		20,898	0	0
CONAGRA FOODS INC	COM	205887102	1,419	47,800	SH	Call	SOLE		47,800	0	0
CONAGRA FOODS INC	COM	205887102	1,150	38,734	SH		DFND	1	38,734	0	0
CONAGRA FOODS INC	COM	205887102	956	32,200	SH	Call	DFND	1	32,200	0	0
CONSOL ENERGY INC	COM	20854P109	150	3,255	SH		SOLE		3,255	0	0
CONSOL ENERGY INC	COM	20854P109	279	6,055	SH		DFND	1	6,055	0	0
CUSTOMERS BANCORP INC	COM	23204G100	275	13,729	SH		SOLE		13,729	0	0
CUSTOMERS BANCORP INC	COM	23204G100	674	33,672	SH		DFND	1	33,672	0	0
DEERE & CO	COM	244199105	3,251	35,900	SH	Put	SOLE		35,900	0	0
DEERE & CO	COM	244199105	2,182	24,100	SH	Put	DFND	1	24,100	0	0
DEVON ENERGY CORP NEW	COM	25179M103	461	5,814	SH		SOLE		5,814	0	0
DEVON ENERGY CORP NEW	COM	25179M103	859	10,816	SH		DFND	1	10,816	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	1,484	29,900	SH	Put	SOLE		29,900	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	998	20,100	SH	Put	DFND	1	20,100	0	0
DIGIMARC CORP NEW	COM	25381B101	91	2,800	SH		SOLE		2,800	0	0
DIGIMARC CORP NEW	COM	25381B101	222	6,799	SH		DFND	1	6,799	0	0
DISH NETWORK CORP	CL A	25470M109	1,285	19,737	SH		SOLE		19,737	0	0
DISH NETWORK CORP	CL A	25470M109	1,031	15,841	SH		DFND	1	15,841	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	346	5,900	SH	Call	SOLE		5,900	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	240	4,100	SH	Call	DFND	1	4,100	0	0
E M C CORP MASS	COM	268648102	686	26,038	SH		SOLE		26,038	0	0
E M C CORP MASS	COM	268648102	548	20,819	SH		DFND	1	20,819	0	0
EZCHIP SEMICONDUCTOR LIMITED	ORD	M4146Y108	693	26,915	SH		SOLE		26,915	0	0
EZCHIP SEMICONDUCTOR LIMITED	ORD	M4146Y108	878	34,069	SH		DFND	1	34,069	0	0
FABRINET	SHS	G3323L100	351	17,027	SH		SOLE		17,027	0	0
FABRINET	SHS	G3323L100	858	41,672	SH		DFND	1	41,672	0	0
FIVE OAKS INVT CORP	COM	33830W106	456	40,353	SH		SOLE		40,353	0	0
FIVE OAKS INVT CORP	COM	33830W106	1,125	99,647	SH		DFND	1	99,647	0	0
FLUOR CORP NEW	COM	343412102	1,146	14,900	SH	Put	SOLE		14,900	0	0
FLUOR CORP NEW	COM	343412102	777	10,100	SH	Put	DFND	1	10,100	0	0
FORTINET INC	COM	34959E109	506	20,137	SH		SOLE		20,137	0	0
FORTINET INC	COM	34959E109	902	35,886	SH		DFND	1	35,886	0	0
FRONTIER COMMUNICATIONS CORP	COM	35906A108	413	70,800	SH	Call	SOLE		70,800	0	0
FRONTIER COMMUNICATIONS CORP	COM	35906A108	287	49,200	SH	Call	DFND	1	49,200	0	0
FTD COS INC	COM	30281V108	94	2,943	SH		SOLE		2,943	0	0
FTD COS INC	COM	30281V108	231	7,264	SH		DFND	1	7,264	0	0
FUSION-IO INC	COM	36112J107	281	24,874	SH		SOLE		24,874	0	0
FUSION-IO INC	COM	36112J107	672	59,492	SH		DFND	1	59,492	0	0
GENERAL ELECTRIC CO	COM	369604103	1,836	69,867	SH		SOLE		69,867	0	0
GENERAL ELECTRIC CO	COM	369604103	1,956	74,433	SH		DFND	1	74,433	0	0
GENERAL MLS INC	COM	370334104	2,191	41,700	SH	Call	SOLE		41,700	0	0
GENERAL MLS INC	COM	370334104	1,487	28,300	SH	Call	DFND	1	28,300	0	0
GLOBALSTAR INC	COM	378973408	122	28,759	SH		SOLE		28,759	0	0
GLOBALSTAR INC	COM	378973408	302	71,069	SH		DFND	1	71,069	0	0
GLU MOBILE INC	COM	379890106	277	55,511	SH		SOLE		55,511	0	0
GLU MOBILE INC	COM	379890106	664	132,703	SH		DFND	1	132,703	0	0
GOODRICH PETE CORP	COM NEW	382410405	602	21,819	SH		SOLE		21,819	0	0
GOODRICH PETE CORP	COM NEW	382410405	1,119	40,534	SH		DFND	1	40,534	0	0
GOOGLE INC	CL A	38259P508	290	496	SH		SOLE		496	0	0
GOOGLE INC	CL A	38259P508	659	1,127	SH		DFND	1	1,127	0	0
GOOGLE INC	CL C	38259P706	286	496	SH		SOLE		496	0	0
GOOGLE INC	CL C	38259P706	526	915	SH		DFND	1	915	0	0
HALCON RES CORP	COM NEW	40537Q209	506	69,326	SH		SOLE		69,326	0	0
HALCON RES CORP	COM NEW	40537Q209	697	95,632	SH		DFND	1	95,632	0	0
HEWLETT PACKARD CO	COM	428236103	469	13,922	SH		SOLE		13,922	0	0
HEWLETT PACKARD CO	COM	428236103	1,195	35,477	SH		DFND	1	35,477	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	1,834	78,691	SH		SOLE		78,691	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	1,371	58,825	SH		DFND	1	58,825	0	0
HORMEL FOODS CORP	COM	440452100	1,481	30,000	SH	Call	SOLE		30,000	0	0
HORMEL FOODS CORP	COM	440452100	494	10,000	SH	Call	DFND	1	10,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	306	13,871	SH		SOLE		13,871	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	568	25,791	SH		DFND	1	25,791	0	0
HYATT HOTELS CORP	COM CL A	448579102	368	6,039	SH		SOLE		6,039	0	0
HYATT HOTELS CORP	COM CL A	448579102	685	11,234	SH		DFND	1	11,234	0	0
IMMERSION CORP	COM	452521107	5,509	433,114	SH		SOLE		433,114	0	0
IMMERSION CORP	COM	452521107	5,516	433,619	SH		DFND	1	433,619	0	0
INTEROIL CORP	COM	460951106	729	11,400	SH	Call	SOLE		11,400	0	0
INTEROIL CORP	COM	460951106	1,093	17,100	SH	Put	SOLE		17,100	0	0
INTEROIL CORP	COM	460951106	550	8,600	SH	Call	DFND	1	8,600	0	0
INTEROIL CORP	COM	460951106	825	12,900	SH	Put	DFND	1	12,900	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	309	15,842	SH		SOLE		15,842	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	578	29,617	SH		DFND	1	29,617	0	0
INTL PAPER CO	COM	460146103	1,278	25,318	SH		SOLE		25,318	0	0
INTL PAPER CO	COM	460146103	490	9,700	SH	Call	SOLE		9,700	0	0
INTL PAPER CO	COM	460146103	1,294	25,647	SH		DFND	1	25,647	0	0
INTL PAPER CO	COM	460146103	379	7,500	SH	Call	DFND	1	7,500	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,153	2,800	SH	Put	SOLE		2,800	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	906	2,200	SH	Put	DFND	1	2,200	0	0
INVENSENSE INC	COM	46123D205	192	8,454	SH		SOLE		8,454	0	0
INVENSENSE INC	COM	46123D205	474	20,880	SH		DFND	1	20,880	0	0
ISHARES	RUSSELL 2000 ETF	464287655	14,934	125,700	SH	Call	SOLE		125,700	0	0
ISHARES	RUSSELL 2000 ETF	464287655	11,204	94,300	SH	Call	DFND	1	94,300	0	0
ISHARES GOLD TRUST	ISHARES	464285105	737	57,199	SH		SOLE		57,199	0	0
ISHARES GOLD TRUST	ISHARES	464285105	551	42,801	SH		DFND	1	42,801	0	0
KANDI TECHNOLOGIES GROUP INC	COM	483709101	192	13,612	SH		SOLE		13,612	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	211	6,382	SH		SOLE		6,382	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	987	29,800	SH	Call	SOLE		29,800	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	411	12,392	SH		DFND	1	12,392	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	669	20,200	SH	Call	DFND	1	20,200	0	0
KOFAX LTD	COM USD	G5307C105	381	44,263	SH		SOLE		44,263	0	0
KOFAX LTD	COM USD	G5307C105	936	108,829	SH		DFND	1	108,829	0	0
LEXMARK INTL NEW	CL A	529771107	625	12,978	SH		SOLE		12,978	0	0
LEXMARK INTL NEW	CL A	529771107	1,235	25,642	SH		DFND	1	25,642	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	927	21,918	SH		SOLE		21,918	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	1,718	40,616	SH		DFND	1	40,616	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	3,683	49,905	SH		SOLE		49,905	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	3,680	49,863	SH		DFND	1	49,863	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	164	20,030	SH		SOLE		20,030	0	0
MAGNUM HUNTER RES CORP DEL	COM	55973B102	316	38,507	SH		DFND	1	38,507	0	0
MARRIOTT INTL INC NEW	CL A	571903202	1,146	17,893	SH		SOLE		17,893	0	0
MARRIOTT INTL INC NEW	CL A	571903202	1,139	17,775	SH		DFND	1	17,775	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	852	11,900	SH	Call	SOLE		11,900	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	580	8,100	SH	Call	DFND	1	8,100	0	0
MICROSOFT CORP	COM	594918104	968	23,223	SH		SOLE		23,223	0	0
MICROSOFT CORP	COM	594918104	2,468	59,177	SH		DFND	1	59,177	0	0
MINDRAY MEDICAL INTL LTD	SPON ADR	602675100	901	28,600	SH	Call	SOLE		28,600	0	0
MINDRAY MEDICAL INTL LTD	SPON ADR	602675100	674	21,400	SH	Call	DFND	1	21,400	0	0
MONDELEZ INTL INC	CL A	609207105	673	17,900	SH	Call	SOLE		17,900	0	0
MONDELEZ INTL INC	CL A	609207105	455	12,100	SH	Call	DFND	1	12,100	0	0
MOVE INC	COM NEW	62458M207	472	31,926	SH		SOLE		31,926	0	0
MOVE INC	COM NEW	62458M207	1,167	78,903	SH		DFND	1	78,903	0	0
NCR CORP NEW	COM	62886E108	767	21,846	SH		SOLE		21,846	0	0
NCR CORP NEW	COM	62886E108	1,929	54,983	SH		DFND	1	54,983	0	0
NEOPHOTONICS CORP	COM	64051T100	68	16,435	SH		SOLE		16,435	0	0
NEOPHOTONICS CORP	COM	64051T100	166	39,905	SH		DFND	1	39,905	0	0
NETAPP INC	COM	64110D104	94	2,581	SH		SOLE		2,581	0	0
NETAPP INC	COM	64110D104	233	6,371	SH		DFND	1	6,371	0	0
NETSCOUT SYS INC	COM	64115T104	125	2,819	SH		SOLE		2,819	0	0
NETSCOUT SYS INC	COM	64115T104	318	7,181	SH		DFND	1	7,181	0	0
NEW MTN FIN CORP	COM	647551100	386	25,944	SH		SOLE		25,944	0	0
NEW MTN FIN CORP	COM	647551100	952	64,056	SH		DFND	1	64,056	0	0
NMI HLDGS INC	CL A	629209305	303	28,812	SH		SOLE		28,812	0	0
NMI HLDGS INC	CL A	629209305	747	71,188	SH		DFND	1	71,188	0	0
NUCOR CORP	COM	670346105	299	6,058	SH		SOLE		6,058	0	0
NUCOR CORP	COM	670346105	2,197	44,600	SH	Call	SOLE		44,600	0	0
NUCOR CORP	COM	670346105	555	11,271	SH		DFND	1	11,271	0	0
NUCOR CORP	COM	670346105	1,497	30,400	SH	Call	DFND	1	30,400	0	0
ON SEMICONDUCTOR CORP	COM	682189105	69	7,553	SH		SOLE		7,553	0	0
ON SEMICONDUCTOR CORP	COM	682189105	171	18,657	SH		DFND	1	18,657	0	0
ORACLE CORP	COM	68389X105	545	13,442	SH		SOLE		13,442	0	0
ORACLE CORP	COM	68389X105	1,344	33,160	SH		DFND	1	33,160	0	0
ORGANOVO HLDGS INC	COM	68620A104	143	17,178	SH		SOLE		17,178	0	0
ORGANOVO HLDGS INC	COM	68620A104	107	12,822	SH		DFND	1	12,822	0	0
OXFORD LANE CAP CORP	COM	691543102	120	7,086	SH		SOLE		7,086	0	0
OXFORD LANE CAP CORP	COM	691543102	303	17,914	SH		DFND	1	17,914	0	0
PACKAGING CORP AMER	COM	695156109	399	5,592	SH		SOLE		5,592	0	0
PACKAGING CORP AMER	COM	695156109	779	10,890	SH		DFND	1	10,890	0	0
PLUG POWER INC	COM NEW	72919P202	100	21,304	SH		SOLE		21,304	0	0
PLUG POWER INC	COM NEW	72919P202	83	17,812	SH		DFND	1	17,812	0	0
QEP RES INC	COM	74733V100	891	25,804	SH		SOLE		25,804	0	0
QEP RES INC	COM	74733V100	1,104	32,004	SH		DFND	1	32,004	0	0
RANGE RES CORP	COM	75281A109	418	4,800	SH		SOLE		4,800	0	0
RANGE RES CORP	COM	75281A109	3,869	44,500	SH	Call	SOLE		44,500	0	0
RANGE RES CORP	COM	75281A109	284	3,261	SH		DFND	1	3,261	0	0
RANGE RES CORP	COM	75281A109	2,652	30,500	SH	Call	DFND	1	30,500	0	0
RCS CAP CORP	COM CL A	74937W102	425	20,000	SH		SOLE		20,000	0	0
RED HAT INC	COM	756577102	1,271	23,000	SH	Call	SOLE		23,000	0	0
RED HAT INC	COM	756577102	3,150	57,000	SH	Call	DFND	1	57,000	0	0
ROCK-TENN CO	CL A	772739207	390	3,700	SH		SOLE		3,700	0	0
ROCK-TENN CO	CL A	772739207	761	7,206	SH		DFND	1	7,206	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	2,867	89,800	SH	Put	SOLE		89,800	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	1,922	60,200	SH	Put	DFND	1	60,200	0	0
RUCKUS WIRELESS INC	COM	781220108	149	12,529	SH		SOLE		12,529	0	0
RUCKUS WIRELESS INC	COM	781220108	369	30,962	SH		DFND	1	30,962	0	0
SARATOGA INVT CORP	COM NEW	80349A208	150	9,542	SH		SOLE		9,542	0	0
SARATOGA INVT CORP	COM NEW	80349A208	368	23,415	SH		DFND	1	23,415	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	309	3,026	SH		SOLE		3,026	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	574	5,608	SH		DFND	1	5,608	0	0
SEADRILL LIMITED	SHS	G7945E105	1,914	47,900	SH	Put	SOLE		47,900	0	0
SEADRILL LIMITED	SHS	G7945E105	1,282	32,100	SH	Put	DFND	1	32,100	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	8,949	89,400	SH	Put	SOLE		89,400	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	6,066	60,600	SH	Put	DFND	1	60,600	0	0
SIRIUS XM HLDGS INC	COM	82968B103	230	66,516	SH		SOLE		66,516	0	0
SIRIUS XM HLDGS INC	COM	82968B103	569	164,367	SH		DFND	1	164,367	0	0
SMITH & WESSON HLDG CORP	COM	831756101	187	12,883	SH		SOLE		12,883	0	0
SMITH & WESSON HLDG CORP	COM	831756101	416	28,600	SH	Put	SOLE		28,600	0	0
SMITH & WESSON HLDG CORP	COM	831756101	311	21,400	SH	Put	DFND	1	21,400	0	0
SMUCKER J M CO	COM NEW	832696405	1,258	11,800	SH	Call	SOLE		11,800	0	0
SMUCKER J M CO	COM NEW	832696405	874	8,200	SH	Call	DFND	1	8,200	0	0
SOLAR CAP LTD	COM	83413U100	460	21,599	SH		SOLE		21,599	0	0
SOLAR CAP LTD	COM	83413U100	1,136	53,401	SH		DFND	1	53,401	0	0
SONUS NETWORKS INC	COM	835916107	187	52,205	SH		SOLE		52,205	0	0
SONUS NETWORKS INC	COM	835916107	529	147,407	SH		DFND	1	147,407	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	5,122	40,000	SH	Call	SOLE		40,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	3,841	30,000	SH	Call	DFND	1	30,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	1,711	20,800	SH	Put	SOLE		20,800	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	1,168	14,200	SH	Put	DFND	1	14,200	0	0
SPRINT CORP	COM SER 1	85207U105	540	63,274	SH		SOLE		63,274	0	0
SPRINT CORP	COM SER 1	85207U105	1,003	117,537	SH		DFND	1	117,537	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	1,320	119,971	SH		SOLE		119,971	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	991	90,029	SH		DFND	1	90,029	0	0
STARWOOD PPTY TR INC	COM	85571B105	669	28,152	SH		SOLE		28,152	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,641	69,049	SH		DFND	1	69,049	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	988	12,230	SH		SOLE		12,230	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	850	10,520	SH		DFND	1	10,520	0	0
STEEL DYNAMICS INC	COM	858119100	1,964	109,353	SH		SOLE		109,353	0	0
STEEL DYNAMICS INC	COM	858119100	1,622	90,360	SH		DFND	1	90,360	0	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	314	26,820	SH		SOLE		26,820	0	0
STRATEGIC HOTELS & RESORTS I	COM	86272T106	584	49,869	SH		DFND	1	49,869	0	0
SUNEDISON SEMICONDUCTOR LTD	SHS	Y8213L102	168	9,918	SH		SOLE		9,918	0	0
SUNEDISON SEMICONDUCTOR LTD	SHS	Y8213L102	415	24,505	SH		DFND	1	24,505	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	1,098	73,528	SH		SOLE		73,528	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	743	49,739	SH		DFND	1	49,739	0	0
TALISMAN ENERGY INC	COM	87425E103	1,431	134,955	SH		SOLE		134,955	0	0
TALISMAN ENERGY INC	COM	87425E103	1,152	108,699	SH		DFND	1	108,699	0	0
TESLA MTRS INC	COM	88160R101	1,368	5,700	SH	Put	SOLE		5,700	0	0
TESLA MTRS INC	COM	88160R101	1,032	4,300	SH	Put	DFND	1	4,300	0	0
T-MOBILE US INC	COM	872590104	1,262	37,534	SH		SOLE		37,534	0	0
T-MOBILE US INC	COM	872590104	1,336	39,750	SH		DFND	1	39,750	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	225	24,784	SH		SOLE		24,784	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	556	61,251	SH		DFND	1	61,251	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	142	8,648	SH		SOLE		8,648	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	350	21,352	SH		DFND	1	21,352	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	614	17,485	SH		SOLE		17,485	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	1,139	32,409	SH		DFND	1	32,409	0	0
TWO HBRS INVT CORP	COM	90187B101	635	60,611	SH		SOLE		60,611	0	0
TWO HBRS INVT CORP	COM	90187B101	1,558	148,660	SH		DFND	1	148,660	0	0
UNION PAC CORP	COM	907818108	616	6,171	SH		SOLE		6,171	0	0
UNION PAC CORP	COM	907818108	1,536	15,400	SH	Call	SOLE		15,400	0	0
UNION PAC CORP	COM	907818108	1,141	11,435	SH		DFND	1	11,435	0	0
UNION PAC CORP	COM	907818108	2,953	29,600	SH	Call	DFND	1	29,600	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	444	8,870	SH		SOLE		8,870	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	2,986	59,600	SH	Call	SOLE		59,600	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	826	16,480	SH		DFND	1	16,480	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	2,024	40,400	SH	Call	DFND	1	40,400	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	335	1,783	SH		SOLE		1,783	0	0
VMWARE INC	CL A COM	928563402	3,330	34,400	SH	Call	SOLE		34,400	0	0
VMWARE INC	CL A COM	928563402	2,478	25,600	SH	Call	DFND	1	25,600	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	2,207	66,100	SH	Call	SOLE		66,100	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	2,254	67,500	SH	Call	DFND	1	67,500	0	0
VONAGE HLDGS CORP	COM	92886T201	675	179,867	SH		SOLE		179,867	0	0
VONAGE HLDGS CORP	COM	92886T201	1,202	320,645	SH		DFND	1	320,645	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,089	10,200	SH	Call	SOLE		10,200	0	0
VORNADO RLTY TR	SH BEN INT	929042109	2,113	19,800	SH	Call	DFND	1	19,800	0	0
VRINGO INC	COM	92911N104	662	193,435	SH		SOLE		193,435	0	0
VRINGO INC	COM	92911N104	1,380	403,586	SH		DFND	1	403,586	0	0
WASTE CONNECTIONS INC	COM	941053100	414	8,520	SH		SOLE		8,520	0	0
WASTE CONNECTIONS INC	COM	941053100	804	16,551	SH		DFND	1	16,551	0	0
WIDEPOINT CORP	COM	967590100	544	308,946	SH		SOLE		308,946	0	0
WIDEPOINT CORP	COM	967590100	617	350,410	SH		DFND	1	350,410	0	0
WINDSTREAM HLDGS INC	COM	97382A101	470	47,200	SH	Call	SOLE		47,200	0	0
WINDSTREAM HLDGS INC	COM	97382A101	327	32,800	SH	Call	DFND	1	32,800	0	0
WIX COM LTD	SHS	M98068105	103	5,169	SH		SOLE		5,169	0	0
WIX COM LTD	SHS	M98068105	256	12,907	SH		DFND	1	12,907	0	0
WORKDAY INC	CL A	98138H101	764	8,500	SH	Call	SOLE		8,500	0	0
WORKDAY INC	CL A	98138H101	584	6,500	SH	Call	DFND	1	6,500	0	0