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	906	27,564	SH		SOLE		27,564	0	0
3-D SYS CORP DEL	COM NEW	88554D205	2,357	71,700	SH	Put	SOLE		71,700	0	0
3-D SYS CORP DEL	COM NEW	88554D205	1,011	30,765	SH		DFND	1	30,765	0	0
3-D SYS CORP DEL	COM NEW	88554D205	2,574	78,300	SH	Put	DFND	1	78,300	0	0
ACTUATE CORP	COM	00508B102	274	41,524	SH		SOLE		41,524	0	0
ACTUATE CORP	COM	00508B102	857	129,861	SH		DFND	1	129,861	0	0
ADVISORSHARES TR	GARTMAN GD/YEN	00768Y685	236	18,000	SH		SOLE		18,000	0	0
AIR LEASE CORP	CL A	00912X302	269	7,854	SH		SOLE		7,854	0	0
AIR LEASE CORP	CL A	00912X302	1,945	56,700	SH	Call	SOLE		56,700	0	0
AIR LEASE CORP	CL A	00912X302	752	21,924	SH		DFND	1	21,924	0	0
AIR LEASE CORP	CL A	00912X302	1,486	43,300	SH	Call	DFND	1	43,300	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	429	6,810	SH		SOLE		6,810	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	1,620	25,724	SH		DFND	1	25,724	0	0
ALCENTRA CAP CORP	COM	01374T102	453	36,239	SH		SOLE		36,239	0	0
ALCENTRA CAP CORP	COM	01374T102	1,735	138,761	SH		DFND	1	138,761	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	870	15,684	SH		SOLE		10,594	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	1,641	29,583	SH		DFND	1	29,583	0	0
AMERICAN CAP LTD	COM	02503Y103	724	49,583	SH		SOLE		49,583	0	0
AMERICAN CAP LTD	COM	02503Y103	2,782	190,417	SH		DFND	1	190,417	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	300	24,792	SH		SOLE		24,792	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	1,153	95,208	SH		DFND	1	95,208	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	590	5,970	SH		SOLE		5,970	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	781	7,900	SH	Call	SOLE		7,900	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,641	16,605	SH		DFND	1	16,605	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	2,185	22,100	SH	Call	DFND	1	22,100	0	0
ANADARKO PETE CORP	COM	032511107	3,506	42,500	SH	Call	SOLE		42,500	0	0
ANADARKO PETE CORP	COM	032511107	2,681	32,500	SH	Call	DFND	1	32,500	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	202	12,354	SH		SOLE		12,354	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	779	47,646	SH		DFND	1	47,646	0	0
APPLE INC	COM	037833100	1,034	9,371	SH		SOLE		9,371	0	0
APPLE INC	COM	037833100	1,156	10,471	SH		DFND	1	10,471	0	0
ARES CAP CORP	COM	04010L103	523	33,488	SH		SOLE		33,488	0	0
ARES CAP CORP	COM	04010L103	1,974	126,512	SH		DFND	1	126,512	0	0
AT&T INC	COM	00206R102	1,135	33,800	SH	Put	SOLE		33,800	0	0
AT&T INC	COM	00206R102	880	26,200	SH	Put	DFND	1	26,200	0	0
B/E AEROSPACE INC	COM	073302101	421	7,256	SH		SOLE		7,256	0	0
B/E AEROSPACE INC	COM	073302101	1,169	20,144	SH		DFND	1	20,144	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	108	3,548	SH		SOLE		3,548	0	0
BABCOCK & WILCOX CO NEW	COM	05615F102	413	13,616	SH		DFND	1	13,616	0	0
BAKER HUGHES INC	COM	057224107	2,402	42,836	SH		SOLE		42,836	0	0
BAKER HUGHES INC	COM	057224107	2,791	49,769	SH		DFND	1	49,769	0	0
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	276	7,122	SH		SOLE		7,122	0	0
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	1,045	26,927	SH		DFND	1	26,927	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	627	48,543	SH		SOLE		48,543	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	2,202	170,457	SH		DFND	1	170,457	0	0
BLACKROCK KELSO CAPITAL CORP	COM	092533108	86	10,465	SH		SOLE		10,465	0	0
BLACKROCK KELSO CAPITAL CORP	COM	092533108	324	39,535	SH		DFND	1	39,535	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	305	10,472	SH		SOLE		10,472	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	1,152	39,528	SH		DFND	1	39,528	0	0
BOEING CO	COM	097023105	2,223	17,100	SH	Call	SOLE		17,100	0	0
BOEING CO	COM	097023105	1,677	12,900	SH	Call	DFND	1	12,900	0	0
BOFI HLDG INC	COM	05566U108	739	9,500	SH	Put	SOLE		9,500	0	0
BOFI HLDG INC	COM	05566U108	817	10,500	SH	Put	DFND	1	10,500	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	564	22,690	SH		SOLE		22,690	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	424	17,060	SH		DFND	1	17,060	0	0
BROADCOM CORP	CL A	111320107	292	6,738	SH		SOLE		6,738	0	0
BROADCOM CORP	CL A	111320107	1,103	25,451	SH		DFND	1	25,451	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	954	80,579	SH		SOLE		80,579	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	2,594	219,121	SH		DFND	1	219,121	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	356	7,100	SH	Put	SOLE		7,100	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	396	7,900	SH	Put	DFND	1	7,900	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	2,756	36,800	SH	Call	SOLE		36,800	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	2,112	28,200	SH	Call	DFND	1	28,200	0	0
CANADIAN NATL RY CO	COM NEW	136375102	2,929	42,500	SH	Put	SOLE		42,500	0	0
CANADIAN NATL RY CO	COM NEW	136375102	2,240	32,500	SH	Put	DFND	1	32,500	0	0
CARBO CERAMICS INC	COM	140781105	937	23,400	SH	Put	SOLE		23,400	0	0
CARBO CERAMICS INC	COM	140781105	1,065	26,600	SH	Put	DFND	1	26,600	0	0
CATERPILLAR INC DEL	COM	149123101	3,570	39,000	SH	Put	SOLE		39,000	0	0
CATERPILLAR INC DEL	COM	149123101	2,380	26,000	SH	Put	DFND	1	26,000	0	0
CBL & ASSOC PPTYS INC	COM	124830100	537	27,665	SH		SOLE		27,665	0	0
CBL & ASSOC PPTYS INC	COM	124830100	410	21,116	SH		DFND	1	21,116	0	0
CBS CORP NEW	CL B	124857202	447	8,074	SH		SOLE		8,074	0	0
CBS CORP NEW	CL B	124857202	1,236	22,329	SH		DFND	1	22,329	0	0
CDK GLOBAL INC	COM	12508E101	128	3,140	SH		SOLE		3,140	0	0
CDK GLOBAL INC	COM	12508E101	483	11,860	SH		DFND	1	11,860	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	450	2,700	SH		SOLE		2,700	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	1,249	7,499	SH		DFND	1	7,499	0	0
CHIMERA INVT CORP	COM	16934Q109	229	72,082	SH		SOLE		72,082	0	0
CHIMERA INVT CORP	COM	16934Q109	884	277,918	SH		DFND	1	277,918	0	0
CHINA FIN ONLINE CO LTD	SPONSORED ADR	169379104	24	4,480	SH		SOLE		4,480	0	0
CHINA FIN ONLINE CO LTD	SPONSORED ADR	169379104	73	13,748	SH		DFND	1	13,748	0	0
CHURCH & DWIGHT INC	COM	171340102	855	10,849	SH		SOLE		10,849	0	0
CHURCH & DWIGHT INC	COM	171340102	2,009	25,500	SH	Call	SOLE		25,500	0	0
CHURCH & DWIGHT INC	COM	171340102	843	10,694	SH		DFND	1	10,694	0	0
CHURCH & DWIGHT INC	COM	171340102	2,900	36,800	SH	Call	DFND	1	36,800	0	0
CISCO SYS INC	COM	17275R102	730	26,243	SH		SOLE		26,243	0	0
CISCO SYS INC	COM	17275R102	2,804	100,808	SH		DFND	1	100,808	0	0
COLONY FINL INC	COM	19624R106	249	10,466	SH		SOLE		10,466	0	0
COLONY FINL INC	COM	19624R106	942	39,534	SH		DFND	1	39,534	0	0
COMCAST CORP NEW	CL A SPL	20030N200	788	13,691	SH		SOLE		13,691	0	0
COMCAST CORP NEW	CL A SPL	20030N200	760	13,200	SH	Call	SOLE		13,200	0	0
COMCAST CORP NEW	CL A SPL	20030N200	2,220	38,568	SH		DFND	1	38,568	0	0
COMCAST CORP NEW	CL A SPL	20030N200	2,118	36,800	SH	Call	DFND	1	36,800	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	252	15,484	SH		SOLE		15,484	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	967	59,516	SH		DFND	1	59,516	0	0
CONAGRA FOODS INC	COM	205887102	1,252	34,500	SH	Call	SOLE		34,500	0	0
CONAGRA FOODS INC	COM	205887102	925	25,500	SH	Call	DFND	1	25,500	0	0
CONNS INC	COM	208242107	178	9,500	SH	Call	SOLE		9,500	0	0
CONNS INC	COM	208242107	445	23,800	SH	Put	SOLE		23,800	0	0
CONNS INC	COM	208242107	196	10,500	SH	Call	DFND	1	10,500	0	0
CONNS INC	COM	208242107	490	26,200	SH	Put	DFND	1	26,200	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	776	7,900	SH	Call	SOLE		7,900	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	2,170	22,100	SH	Call	DFND	1	22,100	0	0
CREDIT ACCEP CORP MICH	COM	225310101	1,923	14,100	SH	Put	SOLE		14,100	0	0
CREDIT ACCEP CORP MICH	COM	225310101	2,169	15,900	SH	Put	DFND	1	15,900	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	695	8,835	SH		SOLE		8,835	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	409	5,200	SH	Call	SOLE		5,200	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	1,934	24,575	SH		DFND	1	24,575	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	1,165	14,800	SH	Call	DFND	1	14,800	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	5,635	47,300	SH	Put	SOLE		76,400	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	6,279	52,700	SH	Put	DFND	1	52,700	0	0
CUSTOMERS BANCORP INC	COM	23204G100	222	11,415	SH		SOLE		11,415	0	0
CUSTOMERS BANCORP INC	COM	23204G100	848	43,585	SH		DFND	1	43,585	0	0
D R HORTON INC	COM	23331A109	1,077	42,600	SH	Put	SOLE		42,600	0	0
D R HORTON INC	COM	23331A109	819	32,400	SH	Put	DFND	1	32,400	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	301	41,156	SH		SOLE		41,156	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	833	113,928	SH		DFND	1	113,928	0	0
DIGIMARC CORP NEW	COM	25381B101	114	4,198	SH		SOLE		4,198	0	0
DIGIMARC CORP NEW	COM	25381B101	436	16,052	SH		DFND	1	16,052	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	630	18,300	SH	Call	SOLE		18,300	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	1,781	51,700	SH	Call	DFND	1	51,700	0	0
DISH NETWORK CORP	CL A	25470M109	897	12,305	SH		SOLE		12,305	0	0
DISH NETWORK CORP	CL A	25470M109	2,869	39,364	SH		DFND	1	39,364	0	0
DOVER CORP	COM	260003108	2,044	28,500	SH	Put	SOLE		28,500	0	0
DOVER CORP	COM	260003108	1,542	21,500	SH	Put	DFND	1	21,500	0	0
E M C CORP MASS	COM	268648102	1,228	41,308	SH		SOLE		41,308	0	0
E M C CORP MASS	COM	268648102	2,827	95,046	SH		DFND	1	95,046	0	0
EAGLE PT CR CO LLC	COM	269808101	302	15,049	SH		SOLE		15,049	0	0
EAGLE PT CR CO LLC	COM	269808101	1,155	57,451	SH		DFND	1	57,451	0	0
EMCORE CORP	COM NEW	290846203	349	65,847	SH		SOLE		65,847	0	0
EMCORE CORP	COM NEW	290846203	571	107,829	SH		DFND	1	107,829	0	0
EMERSON ELEC CO	COM	291011104	5,605	90,800	SH	Put	SOLE		90,800	0	0
EMERSON ELEC CO	COM	291011104	3,654	59,200	SH	Put	DFND	1	59,200	0	0
ENERGIZER HLDGS INC	COM	29266R108	574	4,463	SH		SOLE		4,463	0	0
ENERGIZER HLDGS INC	COM	29266R108	334	2,600	SH	Call	SOLE		2,600	0	0
ENERGIZER HLDGS INC	COM	29266R108	1,617	12,581	SH		DFND	1	12,581	0	0
ENERGIZER HLDGS INC	COM	29266R108	951	7,400	SH	Call	DFND	1	7,400	0	0
EOG RES INC	COM	26875P101	3,913	42,500	SH	Put	SOLE		42,500	0	0
EOG RES INC	COM	26875P101	2,992	32,500	SH	Put	DFND	1	32,500	0	0
ETFS PALLADIUM TR	SH BEN INT	26923A106	428	5,521	SH		SOLE		5,521	0	0
ETFS PALLADIUM TR	SH BEN INT	26923A106	502	6,479	SH		DFND	1	6,479	0	0
EXXON MOBIL CORP	COM	30231G102	3,975	43,000	SH	Put	SOLE		43,000	0	0
EXXON MOBIL CORP	COM	30231G102	2,958	32,000	SH	Put	DFND	1	32,000	0	0
FACEBOOK INC	CL A	30303M102	383	4,904	SH		SOLE		4,904	0	0
FACEBOOK INC	CL A	30303M102	1,447	18,545	SH		DFND	1	18,545	0	0
FIDUS INVT CORP	COM	316500107	169	11,381	SH		SOLE		11,381	0	0
FIVE OAKS INVT CORP	COM	33830W106	289	26,748	SH		SOLE		26,748	0	0
FIVE OAKS INVT CORP	COM	33830W106	1,115	103,252	SH		DFND	1	103,252	0	0
FOREST CITY ENTERPRISES INC	CL A	345550107	820	38,500	SH		SOLE		38,500	0	0
FOREST CITY ENTERPRISES INC	CL A	345550107	618	29,022	SH		DFND	1	29,022	0	0
FORTINET INC	COM	34959E109	531	17,304	SH		SOLE		17,304	0	0
FORTINET INC	COM	34959E109	835	27,224	SH		DFND	1	27,224	0	0
FS INVT CORP	COM	302635107	464	46,712	SH		SOLE		46,712	0	0
FS INVT CORP	COM	302635107	1,770	178,288	SH		DFND	1	178,288	0	0
FTD COS INC	COM	30281V108	212	6,087	SH		SOLE		6,087	0	0
FTD COS INC	COM	30281V108	813	23,357	SH		DFND	1	23,357	0	0
GARRISON CAP INC	COM	366554103	408	28,267	SH		SOLE		28,267	0	0
GARRISON CAP INC	COM	366554103	1,416	98,049	SH		DFND	1	98,049	0	0
GENERAL ELECTRIC CO	COM	369604103	2,173	86,000	SH	Put	SOLE		86,000	0	0
GENERAL ELECTRIC CO	COM	369604103	1,617	64,000	SH	Put	DFND	1	64,000	0	0
GENERAL MLS INC	COM	370334104	773	14,500	SH	Call	SOLE		14,500	0	0
GENERAL MLS INC	COM	370334104	827	15,500	SH	Call	DFND	1	15,500	0	0
GILEAD SCIENCES INC	COM	375558103	1,565	16,600	SH	Put	SOLE		11,700	0	0
GILEAD SCIENCES INC	COM	375558103	1,734	18,400	SH	Put	DFND	1	18,400	0	0
GLOBALSTAR INC	COM	378973408	72	26,101	SH		SOLE		26,101	0	0
GLOBALSTAR INC	COM	378973408	164	59,777	SH		DFND	1	59,777	0	0
GOPRO INC	CL A	38268T103	1,047	16,560	SH		SOLE		16,560	0	0
GOPRO INC	CL A	38268T103	1,517	24,000	SH	Put	SOLE		24,000	0	0
GOPRO INC	CL A	38268T103	1,166	18,440	SH		DFND	1	18,440	0	0
GOPRO INC	CL A	38268T103	1,644	26,000	SH	Put	DFND	1	26,000	0	0
GRAMERCY PPTY TR INC	COM	38489R100	108	15,633	SH		SOLE		15,633	0	0
GRAMERCY PPTY TR INC	COM	38489R100	410	59,367	SH		DFND	1	59,367	0	0
GUIDANCE SOFTWARE INC	COM	401692108	69	9,519	SH		SOLE		9,519	0	0
GUIDANCE SOFTWARE INC	COM	401692108	260	35,901	SH		DFND	1	35,901	0	0
HEWLETT PACKARD CO	COM	428236103	222	5,536	SH		SOLE		5,536	0	0
HEWLETT PACKARD CO	COM	428236103	852	21,243	SH		DFND	1	21,243	0	0
HEXCEL CORP NEW	COM	428291108	298	7,175	SH		SOLE		7,175	0	0
HEXCEL CORP NEW	COM	428291108	1,174	28,300	SH	Call	SOLE		28,300	0	0
HEXCEL CORP NEW	COM	428291108	816	19,677	SH		DFND	1	19,677	0	0
HEXCEL CORP NEW	COM	428291108	900	21,700	SH	Call	DFND	1	21,700	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	1,022	39,158	SH		SOLE		39,158	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	1,403	53,789	SH		DFND	1	53,789	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	150	6,290	SH		SOLE		6,290	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	416	17,490	SH		DFND	1	17,490	0	0
HUB GROUP INC	CL A	443320106	698	18,335	SH		SOLE		18,335	0	0
HUB GROUP INC	CL A	443320106	1,413	37,098	SH		DFND	1	37,098	0	0
HUNT J B TRANS SVCS INC	COM	445658107	451	5,352	SH		SOLE		5,352	0	0
HUNT J B TRANS SVCS INC	COM	445658107	1,274	15,121	SH		DFND	1	15,121	0	0
HYATT HOTELS CORP	COM CL A	448579102	281	4,668	SH		SOLE		4,668	0	0
HYATT HOTELS CORP	COM CL A	448579102	798	13,253	SH		DFND	1	13,253	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	723	11,900	SH		SOLE		11,900	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	2,000	32,908	SH		DFND	1	32,908	0	0
IMMERSION CORP	COM	452521107	4,533	478,686	SH		SOLE		478,686	0	0
IMMERSION CORP	COM	452521107	6,429	678,921	SH		DFND	1	678,921	0	0
INFOBLOX INC	COM	45672H104	356	17,630	SH		SOLE		17,630	0	0
INFOBLOX INC	COM	45672H104	1,346	66,612	SH		DFND	1	66,612	0	0
INGERSOLL-RAND PLC	SHS	G47791101	657	10,359	SH		SOLE		10,359	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,480	23,352	SH		DFND	1	23,352	0	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	811	5,200	SH	Put	SOLE		5,200	0	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	905	5,800	SH	Put	DFND	1	5,800	0	0
INTEROIL CORP	COM	460951106	2,796	57,300	SH	Put	SOLE		57,300	0	0
INTEROIL CORP	COM	460951106	3,060	62,700	SH	Put	DFND	1	62,700	0	0
INTERSIL CORP	CL A	46069S109	139	9,594	SH		SOLE		9,594	0	0
INTERSIL CORP	CL A	46069S109	525	36,250	SH		DFND	1	36,250	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,746	3,300	SH	Put	SOLE		3,300	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,957	3,700	SH	Put	DFND	1	3,700	0	0
ISHARES	IBOXX HI YD ETF	464288513	7,688	85,800	SH	Put	SOLE		85,800	0	0
ISHARES	IBOXX HI YD ETF	464288513	5,752	64,200	SH	Put	DFND	1	64,200	0	0
ISHARES	JP MOR EM MK ETF	464288281	3,522	32,100	SH	Put	SOLE		32,100	0	0
ISHARES	JP MOR EM MK ETF	464288281	3,884	35,400	SH	Put	DFND	1	35,400	0	0
ISHARES	US HOME CONS ETF	464288752	2,210	85,400	SH	Put	SOLE		85,400	0	0
ISHARES	US HOME CONS ETF	464288752	1,672	64,600	SH	Put	DFND	1	64,600	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	1,145	27,500	SH	Put	SOLE		27,500	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	1,353	32,500	SH	Put	DFND	1	32,500	0	0
ISHARES TR	NASDQ BIOTEC ETF	464287556	1,426	4,700	SH	Put	SOLE		4,700	0	0
ISHARES TR	NASDQ BIOTEC ETF	464287556	1,608	5,300	SH	Put	DFND	1	5,300	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	626	5,232	SH		SOLE		5,232	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	2,365	19,768	SH		DFND	1	19,768	0	0
KING DIGITAL ENTMT PLC	ORD SHS	G5258J109	537	34,988	SH		SOLE	1	34,988	0	0
KING DIGITAL ENTMT PLC	ORD SHS	G5258J109	140	9,107	SH		DFND		9,107	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	413	6,590	SH		SOLE	1	6,590	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	2,525	40,300	SH	Call	SOLE		40,300	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	149	2,372	SH		DFND		2,372	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	4,367	69,700	SH	Call	DFND	1	69,700	0	0
LA QUINTA HLDGS INC	COM	50420D108	599	27,161	SH		SOLE		27,161	0	0
LA QUINTA HLDGS INC	COM	50420D108	1,657	75,107	SH		DFND	1	75,107	0	0
LADDER CAP CORP	CL A	505743104	591	30,114	SH		SOLE	1	30,114	0	0
LADDER CAP CORP	CL A	505743104	155	7,886	SH		DFND		7,886	0	0
LENDINGCLUB CORP	COM	52603A109	127	5,000	SH		DFND		5,000	0	0
LENNAR CORP	CL A	526057104	2,554	57,000	SH	Put	SOLE		57,000	0	0
LENNAR CORP	CL A	526057104	1,927	43,000	SH	Put	DFND	1	43,000	0	0
LIBERTY BROADBAND CORP	COM SER A	530307107	477	9,524	SH		SOLE		9,524	0	0
LIBERTY BROADBAND CORP	COM SER A	530307107	1,325	26,454	SH		DFND	1	26,454	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	687	14,231	SH		SOLE		14,231	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	1,901	39,352	SH		DFND	1	39,352	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	2,135	56,611	SH		SOLE		56,611	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	3,163	83,859	SH		DFND	1	83,859	0	0
LORILLARD INC	COM	544147101	451	7,161	SH		SOLE		7,161	0	0
LORILLARD INC	COM	544147101	1,252	19,888	SH		DFND	1	19,888	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,382	30,000	SH	Call	SOLE		30,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,548	32,100	SH	Call	DFND	1	32,100	0	0
MATTSON TECHNOLOGY INC	COM	577223100	94	27,789	SH		SOLE		27,789	0	0
MATTSON TECHNOLOGY INC	COM	577223100	357	104,996	SH		DFND	1	104,996	0	0
MCCORMICK & CO INC	COM VTG	579780206	1,858	25,000	SH	Call	SOLE		25,000	0	0
MCCORMICK & CO INC	COM VTG	579780206	1,858	25,000	SH	Call	DFND	1	25,000	0	0
MDC PARTNERS INC	CL A SUB VTG	552697104	615	27,073	SH		SOLE		27,073	0	0
MDC PARTNERS INC	CL A SUB VTG	552697104	1,710	75,282	SH		DFND	1	75,282	0	0
MICROSOFT CORP	COM	594918104	679	14,614	SH		SOLE		14,614	0	0
MICROSOFT CORP	COM	594918104	2,565	55,218	SH		DFND	1	55,218	0	0
MIMEDX GROUP INC	COM	602496101	110	9,500	SH	Put	SOLE		9,500	0	0
MIMEDX GROUP INC	COM	602496101	121	10,500	SH	Put	DFND	1	10,500	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	668	23,700	SH	Call	SOLE		23,700	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	741	26,300	SH	Call	DFND	1	26,300	0	0
NETAPP INC	COM	64110D104	879	21,204	SH		SOLE		21,204	0	0
NETAPP INC	COM	64110D104	2,415	58,273	SH		DFND	1	58,273	0	0
NETFLIX INC	COM	64110L106	1,435	4,200	SH	Put	SOLE		4,200	0	0
NETFLIX INC	COM	64110L106	1,811	5,300	SH	Put	DFND	1	5,300	0	0
NETSCOUT SYS INC	COM	64115T104	443	12,112	SH		SOLE		12,112	0	0
NETSCOUT SYS INC	COM	64115T104	1,672	45,763	SH		DFND	1	45,763	0	0
NEWTEK BUSINESS SVCS CORP	COM	652526203	383	25,937	SH		SOLE		25,937	0	0
NEWTEK BUSINESS SVCS CORP	COM	652526203	1,462	99,063	SH		DFND	1	99,063	0	0
NMI HLDGS INC	CL A	629209305	237	25,984	SH		SOLE		25,984	0	0
NMI HLDGS INC	CL A	629209305	904	99,016	SH		DFND	1	99,016	0	0
NOBLE CORP PLC	SHS USD	G65431101	943	56,900	SH	Call	SOLE		56,900	0	0
NOBLE CORP PLC	SHS USD	G65431101	714	43,100	SH	Call	DFND	1	43,100	0	0
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	242	23,987	SH		SOLE		23,987	0	0
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	669	66,401	SH		DFND	1	66,401	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	492	27,996	SH		SOLE		27,996	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	1,881	107,004	SH		DFND	1	107,004	0	0
NUCOR CORP	COM	670346105	1,403	28,600	SH	Call	SOLE		28,600	0	0
NUCOR CORP	COM	670346105	1,050	21,400	SH	Call	DFND	1	21,400	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	641	39,125	SH		SOLE		39,125	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	707	43,160	SH		DFND	1	43,160	0	0
OXFORD LANE CAP CORP	COM	691543102	108	7,224	SH		SOLE		7,224	0	0
OXFORD LANE CAP CORP	COM	691543102	415	27,776	SH		DFND	1	27,776	0	0
PHARMACYCLICS INC	COM	716933106	1,027	8,400	SH	Put	SOLE		8,400	0	0
PHARMACYCLICS INC	COM	716933106	1,113	9,100	SH	Put	DFND	1	9,100	0	0
PLUG POWER INC	COM NEW	72919P202	270	89,965	SH		SOLE		89,965	0	0
PLUG POWER INC	COM NEW	72919P202	280	93,200	SH	Put	SOLE		93,200	0	0
PLUG POWER INC	COM NEW	72919P202	320	106,817	SH		DFND	1	106,817	0	0
PLUG POWER INC	COM NEW	72919P202	320	106,800	SH	Put	DFND	1	106,800	0	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	890	4,700	SH	Put	SOLE		4,700	0	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	1,003	5,300	SH	Put	DFND	1	5,300	0	0
QLOGIC CORP	COM	747277101	391	29,345	SH		SOLE		29,345	0	0
QLOGIC CORP	COM	747277101	1,140	85,555	SH		DFND	1	85,555	0	0
QUANTUM CORP	COM DSSG	747906204	87	49,394	SH		SOLE		49,394	0	0
QUANTUM CORP	COM DSSG	747906204	329	186,789	SH		DFND	1	186,789	0	0
RCS CAP CORP	COM CL A	74937W102	172	14,061	SH		SOLE		14,061	0	0
RCS CAP CORP	COM CL A	74937W102	195	15,939	SH		DFND	1	15,939	0	0
REALNETWORKS INC	COM NEW	75605L708	332	47,215	SH		SOLE		47,215	0	0
REALNETWORKS INC	COM NEW	75605L708	990	140,573	SH		DFND	1	140,573	0	0
RESMED INC	COM	761152107	1,048	18,700	SH	Put	SOLE		18,700	0	0
RESMED INC	COM	761152107	1,194	21,300	SH	Put	DFND	1	21,300	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	2,768	60,100	SH	Put	SOLE		60,100	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	1,838	39,900	SH	Put	DFND	1	39,900	0	0
RIVERBED TECHNOLOGY INC	COM	768573107	1,237	60,629	SH		SOLE		60,629	0	0
RIVERBED TECHNOLOGY INC	COM	768573107	1,561	76,465	SH		DFND	1	76,465	0	0
ROCKWELL COLLINS INC	COM	774341101	614	7,272	SH		SOLE		7,272	0	0
ROCKWELL COLLINS INC	COM	774341101	2,391	28,300	SH	Call	SOLE		28,300	0	0
ROCKWELL COLLINS INC	COM	774341101	1,704	20,171	SH		DFND	1	20,171	0	0
ROCKWELL COLLINS INC	COM	774341101	1,833	21,700	SH	Call	DFND	1	21,700	0	0
SARATOGA INVT CORP	COM NEW	80349A208	372	25,064	SH		SOLE		25,064	0	0
SARATOGA INVT CORP	COM NEW	80349A208	1,418	95,521	SH		DFND	1	95,521	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	688	6,209	SH		SOLE		6,209	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	587	5,300	SH	Call	SOLE		5,300	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	1,910	17,241	SH		DFND	1	17,241	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	1,628	14,700	SH	Call	DFND	1	14,700	0	0
SCHLUMBERGER LTD	COM	806857108	2,912	34,100	SH	Put	SOLE		34,100	0	0
SCHLUMBERGER LTD	COM	806857108	2,212	25,900	SH	Put	DFND	1	25,900	0	0
SEADRILL LIMITED	COM	G7945E105	679	56,900	SH	Call	SOLE		56,900	0	0
SEADRILL LIMITED	COM	G7945E105	515	43,100	SH	Call	DFND	1	43,100	0	0
SEATTLE GENETICS INC	COM	812578102	694	21,600	SH	Put	SOLE		21,600	0	0
SEATTLE GENETICS INC	COM	812578102	752	23,400	SH	Put	DFND	1	23,400	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	4,932	62,300	SH	Put	SOLE		62,300	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	3,776	47,700	SH	Put	DFND	1	47,700	0	0
SKULLCANDY INC	COM	83083J104	137	14,915	SH		SOLE		14,915	0	0
SKULLCANDY INC	COM	83083J104	518	56,355	SH		DFND	1	56,355	0	0
SMUCKER J M CO	COM NEW	832696405	1,010	10,000	SH	Call	SOLE		10,000	0	0
SMUCKER J M CO	COM NEW	832696405	1,010	10,000	SH	Call	DFND	1	10,000	0	0
SOLAR CAP LTD	COM	83413U100	561	31,141	SH		SOLE		31,141	0	0
SOLAR CAP LTD	COM	83413U100	2,141	118,859	SH		DFND	1	118,859	0	0
SOLAR SR CAP LTD	COM	83416M105	311	20,778	SH		SOLE		20,778	0	0
SOLAR SR CAP LTD	COM	83416M105	1,186	79,222	SH		DFND	1	79,222	0	0
SONUS NETWORKS INC	COM	835916107	241	60,758	SH		SOLE		60,758	0	0
SONUS NETWORKS INC	COM	835916107	911	229,475	SH		DFND	1	229,475	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	8,235	72,500	SH	Call	SOLE		72,500	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	9,086	80,000	SH	Call	DFND	1	80,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,065	19,776	SH		SOLE		19,776	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	11,634	56,600	SH	Call	SOLE		56,600	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	987	4,800	SH	Put	SOLE		4,800	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,157	20,224	SH		DFND	1	20,224	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	8,920	43,400	SH	Call	DFND	1	43,400	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,069	5,200	SH	Put	DFND	1	5,200	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	4,106	85,800	SH	Put	SOLE		85,800	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	3,073	64,200	SH	Put	DFND	1	64,200	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	929	11,459	SH		SOLE		11,459	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	1,297	16,000	SH	Call	SOLE		16,000	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	846	10,431	SH		DFND	1	10,431	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	4,013	49,500	SH	Call	DFND	1	49,500	0	0
STARWOOD PPTY TR INC	COM	85571B105	480	20,645	SH		SOLE		20,645	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,844	79,355	SH		DFND	1	79,355	0	0
STEEL DYNAMICS INC	COM	858119100	1,131	57,300	SH	Call	SOLE		57,300	0	0
STEEL DYNAMICS INC	COM	858119100	843	42,700	SH	Call	DFND	1	42,700	0	0
STORE CAP CORP	COM	862121100	589	27,238	SH		SOLE		27,238	0	0
STORE CAP CORP	COM	862121100	442	20,455	SH		DFND	1	20,455	0	0
STRATASYS LTD	SHS	M85548101	1,995	24,000	SH	Put	SOLE		24,000	0	0
STRATASYS LTD	SHS	M85548101	2,161	26,000	SH	Put	DFND	1	26,000	0	0
SUNEDISON SEMICONDUCTOR LTD	SHS	Y8213L102	285	15,355	SH		SOLE		15,355	0	0
SUNEDISON SEMICONDUCTOR LTD	SHS	Y8213L102	1,096	58,994	SH		DFND	1	58,994	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	1,104	29,858	SH		SOLE		29,858	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	830	22,449	SH		DFND	1	22,449	0	0
TASER INTL INC	COM	87651B104	99	3,734	SH		SOLE		3,734	0	0
TASER INTL INC	COM	87651B104	374	14,110	SH		DFND	1	14,110	0	0
TESLA MTRS INC	COM	88160R101	3,158	14,200	SH	Put	SOLE		14,200	0	0
TESLA MTRS INC	COM	88160R101	3,514	15,800	SH	Put	DFND	1	15,800	0	0
THL CR INC	COM	872438106	219	18,648	SH		SOLE		18,648	0	0
THL CR INC	COM	872438106	839	71,352	SH		DFND	1	71,352	0	0
TIME WARNER CABLE INC	COM	88732J207	595	3,910	SH		SOLE		3,910	0	0
TIME WARNER CABLE INC	COM	88732J207	1,644	10,812	SH		DFND	1	10,812	0	0
TIME WARNER INC	COM NEW	887317303	301	3,524	SH		SOLE		3,524	0	0
TIME WARNER INC	COM NEW	887317303	333	3,900	SH	Call	SOLE		3,900	0	0
TIME WARNER INC	COM NEW	887317303	836	9,786	SH		DFND	1	9,786	0	0
TIME WARNER INC	COM NEW	887317303	948	11,100	SH	Call	DFND	1	11,100	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	1,393	104,530	SH		SOLE		104,530	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	2,685	201,399	SH		DFND	1	201,399	0	0
TRANSOCEAN PARTNERS LLC	COM UNIT RP LT	Y8977Y100	2,086	113,800	SH	Call	SOLE		113,800	0	0
TRANSOCEAN PARTNERS LLC	COM UNIT RP LT	Y8977Y100	1,580	86,200	SH	Call	DFND	1	86,200	0	0
TWO HBRS INVT CORP	COM	90187B101	409	40,804	SH		SOLE		40,804	0	0
TWO HBRS INVT CORP	COM	90187B101	1,595	159,196	SH		DFND	1	159,196	0	0
U S G CORP	COM NEW	903293405	1,604	57,300	SH	Put	SOLE		57,300	0	0
U S G CORP	COM NEW	903293405	1,195	42,700	SH	Put	DFND	1	42,700	0	0
UNION PAC CORP	COM	907818108	3,383	28,400	SH	Put	SOLE		28,400	0	0
UNION PAC CORP	COM	907818108	2,573	21,600	SH	Put	DFND	1	21,600	0	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	1,016	7,100	SH	Put	SOLE		7,100	0	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	1,131	7,900	SH	Put	DFND	1	7,900	0	0
VIACOM INC NEW	CL B	92553P201	1,181	15,700	SH	Call	SOLE		15,700	0	0
VIACOM INC NEW	CL B	92553P201	3,334	44,300	SH	Call	DFND	1	44,300	0	0
VONAGE HLDGS CORP	COM	92886T201	990	259,723	SH		SOLE		259,723	0	0
VONAGE HLDGS CORP	COM	92886T201	1,410	370,011	SH		DFND	1	370,011	0	0
VOXELJET AG	ADS	92912L107	482	59,300	SH	Call	SOLE		59,300	0	0
VOXELJET AG	ADS	92912L107	540	66,500	SH	Put	DFND	1	66,500	0	0
WIDEPOINT CORP	COM	967590100	531	384,494	SH		SOLE		384,494	0	0
WIDEPOINT CORP	COM	967590100	1,396	1,011,821	SH		DFND	1	1,011,821	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	1,280	26,000	SH	Call	SOLE		26,000	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	1,182	24,000	SH	Call	DFND	1	24,000	0	0
ZYNGA INC	COM NEW	98986T108	164	61,623	SH		SOLE		61,623	0	0
ZYNGA INC	COM NEW	98986T108	551	207,085	SH		DFND	1	207,085	0	0