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	344	12,539	SH		SOLE		12,539	0	0
3-D SYS CORP DEL	COM NEW	88554D205	1,889	68,900	SH	Put	SOLE		68,900	0	0
3-D SYS CORP DEL	COM NEW	88554D205	348	12,699	SH		DFND	1	12,699	0	0
3-D SYS CORP DEL	COM NEW	88554D205	1,933	70,500	SH	Put	DFND	1	70,500	0	0
ADVISORSHARES TR	GARTMAN GLD/EU	00768Y669	319	23,000	SH		SOLE		23,000	0	0
ADVISORSHARES TR	GARTMAN GLD/EU	00768Y669	305	22,000	SH		DFND	1	22,000	0	0
ADVISORSHARES TR	GARTMAN GD/YEN	00768Y685	386	29,550	SH		SOLE		29,550	0	0
ADVISORSHARES TR	GARTMAN GD/YEN	00768Y685	336	25,750	SH		DFND	1	25,750	0	0
AERCAP HOLDINGS NV	SHS	N00985106	502	11,500	SH		SOLE		11,500	0	0
AERCAP HOLDINGS NV	SHS	N00985106	705	16,153	SH		DFND	1	16,153	0	0
AGREE REALTY CORP	COM	008492100	333	10,100	SH		SOLE		10,100	0	0
AGREE REALTY CORP	COM	008492100	593	18,000	SH		DFND	1	18,000	0	0
AGRIUM INC	COM	008916108	338	3,243	SH		SOLE		3,243	0	0
AGRIUM INC	COM	008916108	877	8,412	SH		DFND	1	8,412	0	0
AIR LEASE CORP	CL A	00912X302	737	19,520	SH		SOLE		19,520	0	0
AIR LEASE CORP	CL A	00912X302	1,121	29,700	SH	Call	SOLE		29,700	0	0
AIR LEASE CORP	CL A	00912X302	1,420	37,637	SH		DFND	1	37,637	0	0
AIR LEASE CORP	CL A	00912X302	766	20,300	SH	Call	DFND	1	20,300	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	232	3,263	SH		SOLE		3,263	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	863	12,143	SH		DFND	1	12,143	0	0
ALCENTRA CAP CORP	COM	01374T102	786	59,100	SH		SOLE		59,100	0	0
ALCENTRA CAP CORP	COM	01374T102	1,847	138,893	SH		DFND	1	138,893	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	216	3,537	SH		SOLE		3,537	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	1,817	29,700	SH	Call	SOLE		29,700	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	562	9,184	SH		DFND	1	9,184	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	1,242	20,300	SH	Call	DFND	1	20,300	0	0
AMAZON COM INC	COM	023135106	3,237	8,700	SH	Put	SOLE		8,700	0	0
AMAZON COM INC	COM	023135106	3,274	8,800	SH	Put	DFND	1	8,800	0	0
AMBARELLA INC	SHS	G037AX101	289	3,812	SH		SOLE		3,812	0	0
AMBARELLA INC	SHS	G037AX101	286	3,780	SH		DFND	1	3,780	0	0
AMERICAN CAP LTD	COM	02503Y103	873	59,000	SH		SOLE		59,000	0	0
AMERICAN CAP LTD	COM	02503Y103	2,366	160,000	SH		DFND	1	160,000	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	413	31,500	SH		SOLE		31,500	0	0
AMERICAN CAP SR FLOATING LTD	COM	02504D108	917	70,000	SH		DFND	1	70,000	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	2,145	22,780	SH		SOLE		22,780	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	508	5,400	SH	Call	SOLE		5,400	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,447	15,364	SH		DFND	1	15,364	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,375	14,600	SH	Call	DFND	1	14,600	0	0
ANADARKO PETE CORP	COM	032511107	1,043	12,600	SH	Call	SOLE		12,600	0	0
ANADARKO PETE CORP	COM	032511107	696	8,400	SH	Call	DFND	1	8,400	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	756	44,000	SH		SOLE		44,000	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	1,632	95,000	SH		DFND	1	95,000	0	0
APOLLO INVT CORP	COM	03761U106	342	44,500	SH		SOLE		44,500	0	0
APOLLO INVT CORP	COM	03761U106	675	88,000	SH		DFND	1	88,000	0	0
APPLE INC	COM	037833100	185	1,489	SH		SOLE		1,489	0	0
APPLE INC	COM	037833100	691	5,550	SH		DFND	1	5,550	0	0
ARES CAP CORP	COM	04010L103	352	20,500	SH		SOLE		20,500	0	0
ARES CAP CORP	COM	04010L103	1,013	59,000	SH		DFND	1	59,000	0	0
ARISTA NETWORKS INC	COM	040413106	401	5,687	SH		SOLE		5,687	0	0
ARISTA NETWORKS INC	COM	040413106	404	5,722	SH		DFND	1	5,722	0	0
B/E AEROSPACE INC	COM	073302101	807	12,686	SH		SOLE		12,686	0	0
B/E AEROSPACE INC	COM	073302101	1,473	23,160	SH		DFND	1	23,160	0	0
BENEFICIAL BANCORP INC	COM	08171T102	373	33,000	SH		SOLE		33,000	0	0
BENEFICIAL BANCORP INC	COM	08171T102	565	50,000	SH		DFND	1	50,000	0	0
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	396	11,076	SH		SOLE		11,076	0	0
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	1,475	41,229	SH		DFND	1	41,229	0	0
BLACKROCK CAPITAL INVESTMENT	COM	092533108	163	18,000	SH		SOLE		18,000	0	0
BLACKROCK CAPITAL INVESTMENT	COM	092533108	290	32,000	SH		DFND	1	32,000	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	664	49,348	SH		SOLE		49,348	0	0
BLACKROCK CR ALLCTN INC TR	COM	092508100	1,982	147,252	SH		DFND	1	147,252	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	229	8,066	SH		SOLE		8,066	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	496	17,475	SH		DFND	1	17,475	0	0
BOEING CO	COM	097023105	2,686	17,900	SH	Call	SOLE		17,900	0	0
BOEING CO	COM	097023105	1,816	12,100	SH	Call	DFND	1	12,100	0	0
BONANZA CREEK ENERGY INC	COM	097793103	735	29,800	SH	Call	SOLE		29,800	0	0
BONANZA CREEK ENERGY INC	COM	097793103	498	20,200	SH	Call	DFND	1	20,200	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	563	47,417	SH		SOLE		47,417	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	1,043	87,898	SH		DFND	1	87,898	0	0
CARBO CERAMICS INC	COM	140781105	1,821	59,700	SH	Put	SOLE		59,700	0	0
CARBO CERAMICS INC	COM	140781105	1,230	40,300	SH	Put	DFND	1	40,300	0	0
CBL & ASSOC PPTYS INC	COM	124830100	1,049	52,958	SH		SOLE		52,958	0	0
CBL & ASSOC PPTYS INC	COM	124830100	711	35,912	SH		DFND	1	35,912	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	968	5,011	SH		SOLE		5,011	0	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	1,001	5,181	SH		DFND	1	5,181	0	0
CHIMERA INVT CORP	COM	16934Q109	458	146,000	SH		SOLE		146,000	0	0
CHIMERA INVT CORP	COM	16934Q109	851	271,000	SH		DFND	1	271,000	0	0
CHURCH & DWIGHT INC	COM	171340102	1,016	11,900	SH	Call	SOLE		11,900	0	0
CHURCH & DWIGHT INC	COM	171340102	2,827	33,100	SH	Call	DFND	1	33,100	0	0
CIENA CORP	COM NEW	171779309	371	19,210	SH		SOLE		19,210	0	0
CIENA CORP	COM NEW	171779309	1,398	72,388	SH		DFND	1	72,388	0	0
CISCO SYS INC	COM	17275R102	475	17,251	SH		SOLE		17,251	0	0
CISCO SYS INC	COM	17275R102	1,768	64,218	SH		DFND	1	64,218	0	0
CITIZENS FINL GROUP INC	COM	174610105	253	10,500	SH		SOLE		10,500	0	0
CITIZENS FINL GROUP INC	COM	174610105	507	21,000	SH		DFND	1	21,000	0	0
COLONY FINL INC	COM	19624R106	181	7,000	SH		SOLE		7,000	0	0
COLONY FINL INC	COM	19624R106	467	18,000	SH		DFND	1	18,000	0	0
COMCAST CORP NEW	CL A	20030N101	2,344	41,800	SH	Call	SOLE		41,800	0	0
COMCAST CORP NEW	CL A	20030N101	2,983	53,200	SH	Call	DFND	1	53,200	0	0
COMCAST CORP NEW	CL A SPL	20030N200	2,287	40,788	SH		SOLE		40,788	0	0
COMCAST CORP NEW	CL A SPL	20030N200	2,143	38,222	SH		DFND	1	38,222	0	0
CONAGRA FOODS INC	COM	205887102	543	14,866	SH		SOLE		14,866	0	0
CONOCOPHILLIPS	COM	20825C104	1,855	29,800	SH	Call	SOLE		29,800	0	0
CONOCOPHILLIPS	COM	20825C104	1,258	20,200	SH	Call	DFND	1	20,200	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	628	5,400	SH	Call	SOLE		5,400	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	1,697	14,600	SH	Call	DFND	1	14,600	0	0
COVISINT CORP	COM	22357R103	705	347,180	SH		SOLE		347,180	0	0
COVISINT CORP	COM	22357R103	724	356,485	SH		DFND	1	356,485	0	0
CREDIT ACCEP CORP MICH	COM	225310101	2,789	14,300	SH	Put	SOLE		14,300	0	0
CREDIT ACCEP CORP MICH	COM	225310101	3,159	16,200	SH	Put	DFND	1	16,200	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	2,208	26,753	SH		SOLE		26,753	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	1,727	20,921	SH		DFND	1	20,921	0	0
CROWN HOLDINGS INC	COM	228368106	966	17,879	SH		SOLE		17,879	0	0
CROWN HOLDINGS INC	COM	228368106	4,008	74,200	SH	Call	SOLE		74,200	0	0
CROWN HOLDINGS INC	COM	228368106	1,506	27,875	SH		DFND	1	27,875	0	0
CROWN HOLDINGS INC	COM	228368106	2,744	50,800	SH	Call	DFND	1	50,800	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	2,643	25,000	SH	Put	SOLE		25,000	0	0
CURRENCYSHARES EURO TR	EURO SHS	23130C108	2,643	25,000	SH	Put	DFND	1	25,000	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	2,684	59,700	SH	Call	SOLE		59,700	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	1,812	40,300	SH	Call	DFND	1	40,300	0	0
DEVON ENERGY CORP NEW	COM	25179M103	1,797	29,800	SH	Call	SOLE		29,800	0	0
DEVON ENERGY CORP NEW	COM	25179M103	1,218	20,200	SH	Call	DFND	1	20,200	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	550	78,864	SH		SOLE		78,864	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	1,430	204,920	SH		DFND	1	204,920	0	0
DIGIMARC CORP NEW	COM	25381B101	151	6,869	SH		SOLE		6,869	0	0
DIGIMARC CORP NEW	COM	25381B101	577	26,278	SH		DFND	1	26,278	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	326	10,600	SH	Call	SOLE		10,600	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	904	29,400	SH	Call	DFND	1	29,400	0	0
DISH NETWORK CORP	CL A	25470M109	409	5,840	SH		SOLE		5,840	0	0
DISH NETWORK CORP	CL A	25470M109	1,063	15,174	SH		DFND	1	15,174	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,566	14,928	SH		SOLE		14,928	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,450	13,825	SH		DFND	1	13,825	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,118	37,498	SH		SOLE		37,498	0	0
DOUGLAS EMMETT INC	COM	25960P109	770	25,845	SH		DFND	1	25,845	0	0
E M C CORP MASS	COM	268648102	376	14,720	SH		SOLE		14,720	0	0
E M C CORP MASS	COM	268648102	1,401	54,797	SH		DFND	1	54,797	0	0
EAGLE PT CR CO LLC	COM	269808101	137	6,500	SH		SOLE		6,500	0	0
EAGLE PT CR CO LLC	COM	269808101	420	20,000	SH		DFND	1	20,000	0	0
EATON VANCE LTD DUR INCOME F	COM	27828H105	144	10,000	SH		SOLE		10,000	0	0
EMCORE CORP	COM NEW	290846203	1,033	189,947	SH		SOLE		189,947	0	0
EMCORE CORP	COM NEW	290846203	1,116	205,099	SH		DFND	1	205,099	0	0
EMERSON ELEC CO	COM	291011104	1,687	29,800	SH	Call	SOLE		29,800	0	0
EMERSON ELEC CO	COM	291011104	3,380	59,700	SH	Put	SOLE		59,700	0	0
EMERSON ELEC CO	COM	291011104	1,144	20,200	SH	Call	DFND	1	20,200	0	0
EMERSON ELEC CO	COM	291011104	2,282	40,300	SH	Put	DFND	1	40,300	0	0
ENERGIZER HLDGS INC	COM	29266R108	1,155	8,363	SH		SOLE		8,363	0	0
ENERGIZER HLDGS INC	COM	29266R108	331	2,400	SH	Call	SOLE		2,400	0	0
ENERGIZER HLDGS INC	COM	29266R108	1,429	10,349	SH		DFND	1	10,349	0	0
ENERGIZER HLDGS INC	COM	29266R108	925	6,700	SH	Call	DFND	1	6,700	0	0
ENERGOUS CORP	COM	29272C103	223	23,600	SH	Put	SOLE		23,600	0	0
ENERGOUS CORP	COM	29272C103	224	23,700	SH	Put	DFND	1	23,700	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	298	2,100	SH		SOLE		2,100	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	497	3,500	SH		DFND	1	3,500	0	0
ENTROPIC COMMUNICATIONS INC	COM	29384R105	83	28,104	SH		SOLE		28,104	0	0
ENTROPIC COMMUNICATIONS INC	COM	29384R105	329	111,096	SH		DFND	1	111,096	0	0
EXACT SCIENCES CORP	COM	30063P105	876	39,800	SH	Put	SOLE		39,800	0	0
EXACT SCIENCES CORP	COM	30063P105	885	40,200	SH	Put	DFND	1	40,200	0	0
FACEBOOK INC	CL A	30303M102	283	3,443	SH		SOLE		3,443	0	0
FACEBOOK INC	CL A	30303M102	1,054	12,818	SH		DFND	1	12,818	0	0
FIDUS INVT CORP	COM	316500107	231	15,000	SH		SOLE		15,000	0	0
FIDUS INVT CORP	COM	316500107	277	18,000	SH		DFND	1	18,000	0	0
FIRST SOLAR INC	COM	336433107	1,483	24,800	SH	Put	SOLE		24,800	0	0
FIRST SOLAR INC	COM	336433107	1,507	25,200	SH	Put	DFND	1	25,200	0	0
FIVE OAKS INVT CORP	COM	33830W106	79	7,400	SH		SOLE		7,400	0	0
FIVE OAKS INVT CORP	COM	33830W106	160	15,000	SH		DFND	1	15,000	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	705	48,599	SH		SOLE		48,599	0	0
FLAGSTAR BANCORP INC	COM PAR .001	337930705	1,428	98,401	SH		DFND	1	98,401	0	0
FORTINET INC	COM	34959E109	500	14,300	SH		SOLE		14,300	0	0
FORTINET INC	COM	34959E109	565	16,180	SH		DFND	1	16,180	0	0
FS INVT CORP	COM	302635107	831	82,000	SH		SOLE		82,000	0	0
FS INVT CORP	COM	302635107	1,906	188,000	SH		DFND	1	188,000	0	0
FTD COS INC	COM	30281V108	378	12,629	SH		SOLE		12,629	0	0
FTD COS INC	COM	30281V108	1,408	47,011	SH		DFND	1	47,011	0	0
FULL CIRCLE CAP CORP	COM	359671104	232	66,006	SH		SOLE		66,006	0	0
FULL CIRCLE CAP CORP	COM	359671104	216	61,308	SH		DFND	1	61,308	0	0
GARRISON CAP INC	COM	366554103	1,661	111,500	SH		SOLE		111,500	0	0
GARRISON CAP INC	COM	366554103	2,111	141,684	SH		DFND	1	141,684	0	0
GENERAL MLS INC	COM	370334104	1,347	23,800	SH	Call	SOLE		23,800	0	0
GENERAL MLS INC	COM	370334104	917	16,200	SH	Call	DFND	1	16,200	0	0
GENERAL MTRS CO	COM	37045V100	781	20,826	SH		SOLE		20,826	0	0
GENERAL MTRS CO	COM	37045V100	6,698	178,600	SH	Call	SOLE		178,600	0	0
GENERAL MTRS CO	COM	37045V100	1,420	37,861	SH		DFND	1	37,861	0	0
GENERAL MTRS CO	COM	37045V100	4,553	121,400	SH	Call	DFND	1	121,400	0	0
GILEAD SCIENCES INC	COM	375558103	726	7,400	SH	Put	SOLE		7,400	0	0
GILEAD SCIENCES INC	COM	375558103	746	7,600	SH	Put	DFND	1	7,600	0	0
GLOBALSTAR INC	COM	378973408	1,239	371,975	SH		SOLE		371,975	0	0
GLOBALSTAR INC	COM	378973408	2,024	607,856	SH		DFND	1	607,856	0	0
GOOGLE INC	CL A	38259P508	1,884	3,396	SH		SOLE		3,396	0	0
GOOGLE INC	CL A	38259P508	2,999	5,407	SH		DFND	1	5,407	0	0
GUIDANCE SOFTWARE INC	COM	401692108	96	17,660	SH		SOLE		17,660	0	0
GUIDANCE SOFTWARE INC	COM	401692108	375	69,291	SH		DFND	1	69,291	0	0
HEXCEL CORP NEW	COM	428291108	219	4,251	SH		SOLE		4,251	0	0
HEXCEL CORP NEW	COM	428291108	2,216	43,100	SH	Call	SOLE		43,100	0	0
HEXCEL CORP NEW	COM	428291108	568	11,039	SH		DFND	1	11,039	0	0
HEXCEL CORP NEW	COM	428291108	1,553	30,200	SH	Call	DFND	1	30,200	0	0
HOLLYFRONTIER CORP	COM	436106108	1,800	44,700	SH	Call	SOLE		44,700	0	0
HOLLYFRONTIER CORP	COM	436106108	1,220	30,300	SH	Call	DFND	1	30,300	0	0
HOMESTREET INC	COM	43785V102	714	39,000	SH		SOLE		39,000	0	0
HOMESTREET INC	COM	43785V102	1,099	60,000	SH		DFND	1	60,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	952	47,200	SH	Call	SOLE		47,200	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	662	32,800	SH	Call	DFND	1	32,800	0	0
HOWARD HUGHES CORP	COM	44267D107	536	3,458	SH		SOLE		3,458	0	0
HOWARD HUGHES CORP	COM	44267D107	363	2,340	SH		DFND	1	2,340	0	0
HUB GROUP INC	CL A	443320106	224	5,710	SH		SOLE		5,710	0	0
HUB GROUP INC	CL A	443320106	340	8,659	SH		DFND	1	8,659	0	0
HUNT J B TRANS SVCS INC	COM	445658107	261	3,062	SH		SOLE		3,062	0	0
HUNT J B TRANS SVCS INC	COM	445658107	3,809	44,600	SH	Call	SOLE		44,600	0	0
HUNT J B TRANS SVCS INC	COM	445658107	679	7,952	SH		DFND	1	7,952	0	0
HUNT J B TRANS SVCS INC	COM	445658107	2,596	30,400	SH	Call	DFND	1	30,400	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	650	9,638	SH		SOLE		9,638	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	2,135	31,638	SH		DFND	1	31,638	0	0
IMMERSION CORP	COM	452521107	3,620	394,380	SH		SOLE		394,380	0	0
IMMERSION CORP	COM	452521107	5,653	615,769	SH		DFND	1	615,769	0	0
IMPERVA INC	COM	45321L100	305	7,142	SH		SOLE		7,142	0	0
IMPERVA INC	COM	45321L100	1,134	26,554	SH		DFND	1	26,554	0	0
INFOBLOX INC	COM	45672H104	233	9,778	SH		SOLE		9,778	0	0
INFOBLOX INC	COM	45672H104	892	37,374	SH		DFND	1	37,374	0	0
INGERSOLL-RAND PLC	SHS	G47791101	217	3,189	SH		SOLE		3,189	0	0
INGERSOLL-RAND PLC	SHS	G47791101	2,635	38,700	SH	Call	SOLE		38,700	0	0
INGERSOLL-RAND PLC	SHS	G47791101	564	8,283	SH		DFND	1	8,283	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,791	26,300	SH	Call	DFND	1	26,300	0	0
INPHI CORP	COM	45772F107	209	11,725	SH		SOLE		11,725	0	0
INPHI CORP	COM	45772F107	778	43,655	SH		DFND	1	43,655	0	0
INTELSAT S A	COM	L5140P101	241	20,044	SH		SOLE		20,044	0	0
INTELSAT S A	COM	L5140P101	625	52,051	SH		DFND	1	52,051	0	0
INTEROIL CORP	COM	460951106	1,154	25,000	SH	Put	SOLE		25,000	0	0
INTEROIL CORP	COM	460951106	1,154	25,000	SH	Put	DFND	1	25,000	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	655	29,600	SH	Call	SOLE		29,600	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	451	20,400	SH	Call	DFND	1	20,400	0	0
INTERSIL CORP	CL A	46069S109	93	6,477	SH		SOLE		6,477	0	0
INTERSIL CORP	CL A	46069S109	365	25,476	SH		DFND	1	25,476	0	0
INTL PAPER CO	COM	460146103	2,292	41,300	SH	Call	SOLE		41,300	0	0
INTL PAPER CO	COM	460146103	1,593	28,700	SH	Call	DFND	1	28,700	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	960	1,900	SH	Put	SOLE		1,900	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	1,061	2,100	SH	Put	DFND	1	2,100	0	0
ISHARES TR	HDG MSCI EAFE	46434V803	335	12,000	SH		SOLE		12,000	0	0
ISHARES TR	HDG MSCI EAFE	46434V803	474	17,000	SH		DFND	1	17,000	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	1,182	14,900	SH	Put	SOLE		14,900	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	801	10,100	SH	Put	DFND	1	10,100	0	0
J G WENTWORTH CO	CL A	46618D108	275	26,500	SH		SOLE		26,500	0	0
J G WENTWORTH CO	CL A	46618D108	488	47,000	SH		DFND	1	47,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	87	3,858	SH		SOLE		3,858	0	0
JUNIPER NETWORKS INC	COM	48203R104	282	12,500	SH	Call	SOLE		12,500	0	0
JUNIPER NETWORKS INC	COM	48203R104	324	14,362	SH		DFND	1	14,362	0	0
JUNIPER NETWORKS INC	COM	48203R104	282	12,500	SH	Call	DFND	1	12,500	0	0
KANDI TECHNOLOGIES GROUP INC	COM	483709101	157	12,700	SH		SOLE		6,500	0	0
KANDI TECHNOLOGIES GROUP INC	COM	483709101	154	12,400	SH	Put	SOLE		6,200	0	0
KILROY RLTY CORP	COM	49427F108	292	3,840	SH		SOLE		3,840	0	0
KILROY RLTY CORP	COM	49427F108	816	10,717	SH		DFND	1	10,717	0	0
KIMCO RLTY CORP	COM	49446R109	1,066	39,691	SH		SOLE		39,691	0	0
KIMCO RLTY CORP	COM	49446R109	724	26,966	SH		DFND	1	26,966	0	0
KINDER MORGAN INC DEL	COM	49456B101	442	10,500	SH	Put	SOLE		10,500	0	0
KINDER MORGAN INC DEL	COM	49456B101	400	9,500	SH	Put	DFND	1	9,500	0	0
LADDER CAP CORP	CL A	505743104	694	37,500	SH		SOLE		37,500	0	0
LADDER CAP CORP	CL A	505743104	1,203	65,000	SH		DFND	1	65,000	0	0
LAS VEGAS SANDS CORP	COM	517834107	870	15,800	SH	Put	SOLE		15,800	0	0
LAS VEGAS SANDS CORP	COM	517834107	881	16,000	SH	Put	DFND	1	16,000	0	0
LIBERTY BROADBAND CORP	COM SER A	530307107	344	6,096	SH		SOLE		6,096	0	0
LIBERTY BROADBAND CORP	COM SER A	530307107	959	16,972	SH		DFND	1	16,972	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U120	1,698	34,081	SH		SOLE		34,081	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U120	1,853	37,195	SH		DFND	1	37,195	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	2,284	54,371	SH		SOLE		54,371	0	0
LIBERTY INTERACTIVE CORP	LBT VENT COM A	53071M880	2,969	70,679	SH		DFND	1	70,679	0	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	944	11,466	SH		SOLE		11,466	0	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	1,471	17,879	SH		DFND	1	17,879	0	0
MANNKIND CORP	COM	56400P201	261	50,100	SH	Put	SOLE		50,100	0	0
MANNKIND CORP	COM	56400P201	259	49,900	SH	Put	DFND	1	49,900	0	0
MATTSON TECHNOLOGY INC	COM	577223100	104	26,410	SH		SOLE		26,410	0	0
MATTSON TECHNOLOGY INC	COM	577223100	395	100,204	SH		DFND	1	100,204	0	0
MDC PARTNERS INC	CL A SUB VTG	552697104	529	18,652	SH		SOLE		18,652	0	0
MDC PARTNERS INC	CL A SUB VTG	552697104	1,383	48,781	SH		DFND	1	48,781	0	0
MEDALLION FINL CORP	COM	583928106	150	16,200	SH		SOLE		16,200	0	0
MEDALLION FINL CORP	COM	583928106	239	25,800	SH		DFND	1	25,800	0	0
MEDIA GEN INC NEW	COM	58441K100	1,432	86,853	SH		SOLE		86,853	0	0
MEDIA GEN INC NEW	COM	58441K100	1,662	100,805	SH		DFND	1	100,805	0	0
MEETME INC	COM	585141104	137	73,593	SH		SOLE		73,593	0	0
MEETME INC	COM	585141104	509	273,755	SH		DFND	1	273,755	0	0
MELLANOX TECHNOLOGIES LTD	SHS	M51363113	248	5,468	SH		SOLE		5,468	0	0
MELLANOX TECHNOLOGIES LTD	SHS	M51363113	923	20,355	SH		DFND	1	20,355	0	0
MICROSOFT CORP	COM	594918104	366	8,997	SH		SOLE		8,997	0	0
MICROSOFT CORP	COM	594918104	1,361	33,485	SH		DFND	1	33,485	0	0
MONSANTO CO NEW	COM	61166W101	2,431	21,600	SH	Call	SOLE		21,600	0	0
MONSANTO CO NEW	COM	61166W101	3,196	28,400	SH	Call	DFND	1	28,400	0	0
MOSAIC CO NEW	COM	61945C103	640	13,904	SH		SOLE		13,904	0	0
MOSAIC CO NEW	COM	61945C103	1,373	29,800	SH	Call	SOLE		29,800	0	0
MOSAIC CO NEW	COM	61945C103	839	18,213	SH		DFND	1	18,213	0	0
MOSAIC CO NEW	COM	61945C103	930	20,200	SH	Call	DFND	1	20,200	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,790	35,800	SH	Put	SOLE		35,800	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,210	24,200	SH	Put	DFND	1	24,200	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	587	23,700	SH	Call	SOLE		23,700	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	651	26,300	SH	Call	DFND	1	26,300	0	0
NETAPP INC	COM	64110D104	653	18,419	SH		SOLE		18,419	0	0
NETAPP INC	COM	64110D104	1,106	31,200	SH	Call	SOLE		31,200	0	0
NETAPP INC	COM	64110D104	1,639	46,215	SH		DFND	1	46,215	0	0
NETAPP INC	COM	64110D104	4,213	118,800	SH	Call	DFND	1	118,800	0	0
NETFLIX INC	COM	64110L106	6,209	14,900	SH	Put	SOLE		14,900	0	0
NETFLIX INC	COM	64110L106	6,292	15,100	SH	Put	DFND	1	15,100	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	276	11,552	SH		SOLE		11,552	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	718	29,997	SH		DFND	1	29,997	0	0
NEWS CORP NEW	CL A	65249B109	217	13,545	SH		SOLE		13,545	0	0
NEWS CORP NEW	CL A	65249B109	563	35,194	SH		DFND	1	35,194	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	561	9,797	SH		SOLE		9,797	0	0
NEXSTAR BROADCASTING GROUP I	CL A	65336K103	1,465	25,600	SH		DFND	1	25,600	0	0
NMI HLDGS INC	CL A	629209305	157	20,914	SH		SOLE		20,914	0	0
NMI HLDGS INC	CL A	629209305	592	79,086	SH		DFND	1	79,086	0	0
NOBLE ENERGY INC	COM	655044105	4,372	89,400	SH	Call	SOLE		89,400	0	0
NOBLE ENERGY INC	COM	655044105	2,963	60,600	SH	Call	DFND	1	60,600	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	879	48,500	SH		SOLE		48,500	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	2,120	117,000	SH		DFND	1	117,000	0	0
NOVATEL WIRELESS INC	COM NEW	66987M604	114	23,573	SH		SOLE		23,573	0	0
NOVATEL WIRELESS INC	COM NEW	66987M604	422	87,647	SH		DFND	1	87,647	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	749	43,625	SH		SOLE		43,625	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	741	43,160	SH		DFND	1	43,160	0	0
OFS CAP CORP	COM	67103B100	398	32,500	SH		SOLE		32,500	0	0
OFS CAP CORP	COM	67103B100	453	37,000	SH		DFND	1	37,000	0	0
ORGANOVO HLDGS INC	COM	68620A104	142	39,989	SH		SOLE		39,989	0	0
ORGANOVO HLDGS INC	COM	68620A104	142	40,011	SH		DFND	1	40,011	0	0
PENNANTPARK FLOATING RATE CA	COM	70806A106	281	20,000	SH		SOLE		20,000	0	0
PENNANTPARK FLOATING RATE CA	COM	70806A106	421	30,000	SH		DFND	1	30,000	0	0
PENNANTPARK INVT CORP	COM	708062104	679	75,000	SH		SOLE		75,000	0	0
PENNANTPARK INVT CORP	COM	708062104	1,177	130,000	SH		DFND	1	130,000	0	0
PHARMACYCLICS INC	COM	716933106	3,788	14,800	SH	Put	SOLE		14,800	0	0
PHARMACYCLICS INC	COM	716933106	3,890	15,200	SH	Put	DFND	1	15,200	0	0
PIONEER NAT RES CO	COM	723787107	2,436	14,900	SH	Call	SOLE		14,900	0	0
PIONEER NAT RES CO	COM	723787107	1,651	10,100	SH	Call	DFND	1	10,100	0	0
PLUG POWER INC	COM NEW	72919P202	129	49,900	SH	Put	SOLE		49,900	0	0
PLUG POWER INC	COM NEW	72919P202	130	50,100	SH	Put	DFND	1	50,100	0	0
POTASH CORP SASK INC	COM	73755L107	404	12,539	SH		SOLE		12,539	0	0
POTASH CORP SASK INC	COM	73755L107	1,151	35,700	SH	Call	SOLE		35,700	0	0
POTASH CORP SASK INC	COM	73755L107	1,055	32,717	SH		DFND	1	32,717	0	0
POTASH CORP SASK INC	COM	73755L107	784	24,300	SH	Call	DFND	1	24,300	0	0
PROLOGIS INC	COM	74340W103	1,612	37,008	SH		SOLE		37,008	0	0
PROLOGIS INC	COM	74340W103	1,117	25,645	SH		DFND	1	25,645	0	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	897	3,800	SH	Put	SOLE		3,800	0	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	874	3,700	SH	Put	DFND	1	3,700	0	0
QLOGIC CORP	COM	747277101	478	32,462	SH		SOLE		32,462	0	0
QLOGIC CORP	COM	747277101	1,416	96,045	SH		DFND	1	96,045	0	0
QUANTUM CORP	COM DSSG	747906204	209	130,542	SH		SOLE		130,542	0	0
QUANTUM CORP	COM DSSG	747906204	799	499,406	SH		DFND	1	499,406	0	0
REALNETWORKS INC	COM NEW	75605L708	287	42,667	SH		SOLE		42,667	0	0
REALNETWORKS INC	COM NEW	75605L708	852	126,605	SH		DFND	1	126,605	0	0
RESOURCE AMERICA INC	CL A	761195205	860	94,500	SH		SOLE		94,500	0	0
RESOURCE AMERICA INC	CL A	761195205	1,274	140,000	SH		DFND	1	140,000	0	0
RESOURCE CAP CORP	COM	76120W302	917	202,000	SH		SOLE		202,000	0	0
RESOURCE CAP CORP	COM	76120W302	1,703	375,000	SH		DFND	1	375,000	0	0
REXFORD INDL RLTY INC	COM	76169C100	350	22,110	SH		SOLE		22,110	0	0
REXFORD INDL RLTY INC	COM	76169C100	937	59,236	SH		DFND	1	59,236	0	0
REYNOLDS AMERICAN INC	COM	761713106	136	1,971	SH		SOLE		1,971	0	0
REYNOLDS AMERICAN INC	COM	761713106	193	2,800	SH	Call	SOLE		2,800	0	0
REYNOLDS AMERICAN INC	COM	761713106	353	5,119	SH		DFND	1	5,119	0	0
REYNOLDS AMERICAN INC	COM	761713106	496	7,200	SH	Call	DFND	1	7,200	0	0
RIVERBED TECHNOLOGY INC	COM	768573107	1,211	57,913	SH		SOLE		57,913	0	0
RIVERBED TECHNOLOGY INC	COM	768573107	1,440	68,867	SH		DFND	1	68,867	0	0
ROCK-TENN CO	CL A	772739207	2,664	41,300	SH	Call	SOLE		41,300	0	0
ROCK-TENN CO	CL A	772739207	1,851	28,700	SH	Call	DFND	1	28,700	0	0
ROCKWELL COLLINS INC	COM	774341101	369	3,820	SH		SOLE		3,820	0	0
ROCKWELL COLLINS INC	COM	774341101	958	9,926	SH		DFND	1	9,926	0	0
SALESFORCE COM INC	COM	79466L302	168	2,520	SH		SOLE		2,520	0	0
SALESFORCE COM INC	COM	79466L302	626	9,377	SH		DFND	1	9,377	0	0
SARATOGA INVT CORP	COM NEW	80349A208	740	46,700	SH		SOLE		46,700	0	0
SARATOGA INVT CORP	COM NEW	80349A208	1,635	103,166	SH		DFND	1	103,166	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	2,488	21,247	SH		SOLE		21,247	0	0
SBA COMMUNICATIONS CORP	COM	78388J106	2,396	20,458	SH		DFND	1	20,458	0	0
SEATTLE GENETICS INC	COM	812578102	442	12,500	SH	Put	SOLE		12,500	0	0
SEATTLE GENETICS INC	COM	812578102	442	12,500	SH	Put	DFND	1	12,500	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	4,632	59,700	SH	Call	SOLE		59,700	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	3,126	40,300	SH	Call	DFND	1	40,300	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	148	756	SH		SOLE		756	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	386	1,973	SH		DFND	1	1,973	0	0
SOLAR CAP LTD	COM	83413U100	992	49,000	SH		SOLE		49,000	0	0
SOLAR CAP LTD	COM	83413U100	2,226	110,000	SH		DFND	1	110,000	0	0
SOLAR SR CAP LTD	COM	83416M105	309	19,200	SH		SOLE		19,200	0	0
SOLAR SR CAP LTD	COM	83416M105	757	47,000	SH		DFND	1	47,000	0	0
SOLARWINDS INC	COM	83416B109	200	3,902	SH		SOLE		3,902	0	0
SOLARWINDS INC	COM	83416B109	744	14,516	SH		DFND	1	14,516	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	5,183	45,600	SH	Call	SOLE		45,600	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	5,376	47,300	SH	Call	DFND	1	47,300	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	32,141	155,700	SH	Call	SOLE		155,700	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	21,861	105,900	SH	Put	SOLE		105,900	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	30,923	149,800	SH	Call	DFND	1	149,800	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	15,916	77,100	SH	Put	DFND	1	77,100	0	0
STERLING BANCORP DEL	COM	85917A100	127	9,500	SH		SOLE		9,500	0	0
STERLING BANCORP DEL	COM	85917A100	282	21,000	SH		DFND	1	21,000	0	0
STRATASYS LTD	SHS	M85548101	892	16,900	SH	Put	SOLE		16,900	0	0
STRATASYS LTD	SHS	M85548101	1,562	29,600	SH	Put	DFND	1	29,600	0	0
TESLA MTRS INC	COM	88160R101	4,700	24,900	SH	Put	SOLE		24,900	0	0
TESLA MTRS INC	COM	88160R101	4,738	25,100	SH	Put	DFND	1	25,100	0	0
THL CR INC	COM	872438106	860	70,000	SH		SOLE		70,000	0	0
THL CR INC	COM	872438106	1,598	130,000	SH		DFND	1	130,000	0	0
TIME INC NEW	COM	887228104	268	11,928	SH		SOLE		11,928	0	0
TIME INC NEW	COM	887228104	312	13,900	SH	Call	SOLE		13,900	0	0
TIME INC NEW	COM	887228104	695	30,953	SH		DFND	1	30,953	0	0
TIME INC NEW	COM	887228104	810	36,100	SH	Call	DFND	1	36,100	0	0
TIME WARNER INC	COM NEW	887317303	565	6,697	SH		SOLE		6,697	0	0
TIME WARNER INC	COM NEW	887317303	1,525	18,060	SH		DFND	1	18,060	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	783	46,139	SH		SOLE		46,139	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	1,419	83,550	SH		DFND	1	83,550	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	988	70,000	SH		SOLE		70,000	0	0
TRIPLEPOINT VENTR GRW BDC CO	COM	89677Y100	1,764	125,000	SH		DFND	1	125,000	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	355	22,200	SH	Call	SOLE		22,200	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	925	57,800	SH	Call	DFND	1	57,800	0	0
TWO HBRS INVT CORP	COM	90187B101	202	19,000	SH		SOLE		19,000	0	0
TWO HBRS INVT CORP	COM	90187B101	478	45,000	SH		DFND	1	45,000	0	0
TYSON FOODS INC	CL A	902494103	2,275	59,400	SH	Put	SOLE		59,400	0	0
TYSON FOODS INC	CL A	902494103	1,555	40,600	SH	Put	DFND	1	40,600	0	0
VIACOM INC NEW	CL B	92553P201	1,509	22,087	SH		SOLE		22,087	0	0
VIACOM INC NEW	CL B	92553P201	1,873	27,427	SH		DFND	1	27,427	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	913	31,000	SH	Put	SOLE		31,000	0	0
VIPSHOP HLDGS LTD	SPONSORED ADR	92763W103	824	28,000	SH	Put	DFND	1	28,000	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	1,621	49,600	SH	Call	SOLE		49,600	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	1,974	60,400	SH	Call	DFND	1	60,400	0	0
VONAGE HLDGS CORP	COM	92886T201	745	151,698	SH		SOLE		151,698	0	0
VONAGE HLDGS CORP	COM	92886T201	1,136	231,421	SH		DFND	1	231,421	0	0
VOXELJET AG	ADS	92912L107	458	57,900	SH	Put	SOLE		57,900	0	0
VOXELJET AG	ADS	92912L107	468	59,200	SH	Put	DFND	1	59,200	0	0
WESTERN DIGITAL CORP	COM	958102105	2,266	24,900	SH	Put	SOLE		24,900	0	0
WESTERN DIGITAL CORP	COM	958102105	2,284	25,100	SH	Put	DFND	1	25,100	0	0
WHITEWAVE FOODS CO	COM	966244105	277	6,240	SH		SOLE		6,240	0	0
WHITEWAVE FOODS CO	COM	966244105	1,840	41,500	SH	Call	SOLE		41,500	0	0
WHITEWAVE FOODS CO	COM	966244105	718	16,183	SH		DFND	1	16,183	0	0
WHITEWAVE FOODS CO	COM	966244105	1,707	38,500	SH	Call	DFND	1	38,500	0	0
WIDEPOINT CORP	COM	967590100	384	291,255	SH		SOLE		291,255	0	0
WIDEPOINT CORP	COM	967590100	973	736,792	SH		DFND	1	736,792	0	0
YINGLI GREEN ENERGY HLDG CO	ADR	98584B103	130	70,059	SH		SOLE		70,059	0	0
YINGLI GREEN ENERGY HLDG CO	ADR	98584B103	131	70,804	SH		DFND	1	70,804	0	0
ZILLOW GROUP INC	CL A	98954M101	3,300	32,900	SH	Put	SOLE		32,900	0	0
ZILLOW GROUP INC	CL A	98954M101	3,290	32,800	SH	Put	DFND	1	32,800	0	0
ZYNGA INC	CL A	98986T108	88	31,045	SH		SOLE		31,045	0	0
ZYNGA INC	CL A	98986T108	347	121,723	SH		DFND	1	121,723	0	0