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
ACTIVISION BLIZZARD INC	COM	00507V109	725	23,484	SH		DFND	1	23,484	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	171	5,526	SH		SOLE		5,526	0	0
AECOM	COM	00766T100	1,141	41,464	SH		DFND	1	41,464	0	0
AECOM	COM	00766T100	269	9,779	SH		SOLE		9,779	0	0
AERCAP HOLDINGS NV	SHS	N00985106	2,175	56,871	SH		DFND	1	56,871	0	0
AERCAP HOLDINGS NV	SHS	N00985106	1,117	29,204	SH		SOLE		29,204	0	0
AIR LEASE CORP	CL A	00912X302	1,405	45,436	SH		DFND	1	45,436	0	0
AIR LEASE CORP	CL A	00912X302	532	17,197	SH		SOLE		17,197	0	0
ALCENTRA CAP CORP	COM	01374T102	267	23,044	SH		DFND	1	23,044	0	0
ALCENTRA CAP CORP	COM	01374T102	131	11,300	SH		SOLE		11,300	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	1,201	20,823	SH		DFND	1	20,823	0	0
ALLEGION PUB LTD CO	ORD SHS	G0176J109	291	5,039	SH		SOLE		5,039	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,273	47,700	SH	Put	DFND	1	47,700	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,396	52,300	SH	Put	SOLE		52,300	0	0
ALTERA CORP	COM	021441100	3,676	73,405	SH		DFND	1	73,405	0	0
ALTERA CORP	COM	021441100	865	17,277	SH		SOLE		17,277	0	0
AMAZON COM INC	COM	023135106	1,945	3,800	SH	Put	DFND	1	3,800	0	0
AMAZON COM INC	COM	023135106	1,894	3,700	SH	Put	SOLE		3,700	0	0
AMERICAN CAP LTD	COM	02503Y103	1,338	110,000	SH		DFND	1	110,000	0	0
AMERICAN CAP LTD	COM	02503Y103	492	40,480	SH		SOLE		40,480	0	0
AMTRUST FINL SVCS INC	COM	032359309	756	12,000	SH	Put	DFND	1	12,000	0	0
AMTRUST FINL SVCS INC	COM	032359309	756	12,000	SH	Put	SOLE		12,000	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	943	60,000	SH		DFND	1	60,000	0	0
APOLLO COML REAL EST FIN INC	COM	03762U105	551	37,330	SH		SOLE		37,330	0	0
ARAMARK	COM	03852U106	1,307	44,100	SH	Call	DFND	1	44,100	0	0
ARAMARK	COM	03852U106	1,793	60,500	SH	Call	SOLE		60,500	0	0
ARES COML REAL ESTATE CORP	COM	04013V108	516	43,000	SH		DFND	1	43,000	0	0
ARES COML REAL ESTATE CORP	COM	04013V108	442	40,570	SH		SOLE		40,570	0	0
ARES MGMT L P	COM UNIT RP IN	04014Y101	37	2,135	SH		SOLE		2,135	0	0
B RILEY FINL INC	COM	05580M108	3,689	378,300	SH		DFND	1	378,300	0	0
B RILEY FINL INC	COM	05580M108	4,529	464,403	SH		SOLE		464,403	0	0
B/E AEROSPACE INC	COM	073302101	936	21,329	SH		DFND	1	21,329	0	0
B/E AEROSPACE INC	COM	073302101	339	7,714	SH		SOLE		7,714	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	638	24,900	SH	Call	DFND	1	24,900	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	515	20,100	SH	Call	SOLE		20,100	0	0
BENEFICIAL BANCORP INC	COM	08171T102	267	20,168	SH		DFND	1	20,168	0	0
BENEFICIAL BANCORP INC	COM	08171T102	566	42,666	SH		SOLE		42,666	0	0
BLACKHAWK NETWORK HLDGS INC	COM	09238E104	1,759	41,505	SH		DFND	1	41,505	0	0
BLACKHAWK NETWORK HLDGS INC	COM	09238E104	415	9,780	SH		SOLE		9,780	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	33	1,040	SH		SOLE		1,040	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	343	12,500	SH		DFND	1	12,500	0	0
BLACKSTONE MTG TR INC	COM CL A	09257W100	474	17,260	SH		SOLE		17,260	0	0
BLUE HILLS BANCORP INC	COM	095573101	485	35,000	SH		DFND	1	35,000	0	0
BLUE HILLS BANCORP INC	COM	095573101	468	33,725	SH		SOLE		33,725	0	0
BLUEROCK RESIDENT GR REIT IN	COM CL A	09627J102	659	55,000	SH		DFND	1	55,000	0	0
BLUEROCK RESIDENT GR REIT IN	COM CL A	09627J102	607	50,710	SH		SOLE		50,710	0	0
BROADCOM CORP	CL A	111320107	3,620	70,383	SH		DFND	1	70,383	0	0
BROADCOM CORP	CL A	111320107	1,666	32,387	SH		SOLE		32,387	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	730	70,315	SH		DFND	1	70,315	0	0
BROCADE COMMUNICATIONS SYS I	COM NEW	111621306	172	16,559	SH		SOLE		16,559	0	0
BWX TECHNOLOGIES INC	COM	05605H100	2,839	107,719	SH		DFND	1	107,719	0	0
BWX TECHNOLOGIES INC	COM	05605H100	940	35,669	SH		SOLE		35,669	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	1,816	26,789	SH		DFND	1	26,789	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	428	6,309	SH		SOLE		6,309	0	0
CAL MAINE FOODS INC	COM NEW	128030202	1,292	23,650	SH		DFND	1	23,650	0	0
CAL MAINE FOODS INC	COM NEW	128030202	302	5,529	SH		SOLE		5,529	0	0
CAPITALA FIN CORP	COM	14054R106	16	1,250	SH		SOLE		1,250	0	0
CISCO SYS INC	COM	17275R102	2,880	109,719	SH		DFND	1	109,719	0	0
CISCO SYS INC	COM	17275R102	674	25,675	SH		SOLE		25,675	0	0
CITIZENS FINL GROUP INC	COM	174610105	27	1,150	SH		SOLE		1,150	0	0
COLONY CAP INC	CL A	19624R106	929	47,500	SH		DFND	1	47,500	0	0
COLONY CAP INC	CL A	19624R106	522	26,680	SH		SOLE		26,680	0	0
COMCAST CORP NEW	CL A SPL	20030N200	630	11,006	SH		DFND	1	11,006	0	0
COMCAST CORP NEW	CL A SPL	20030N200	148	2,590	SH		SOLE		2,590	0	0
COVISINT CORP	COM	22357R103	1,497	696,405	SH		DFND	1	696,405	0	0
COVISINT CORP	COM	22357R103	896	416,678	SH		SOLE		416,678	0	0
CUMMINS INC	COM	231021106	2,291	21,100	SH	Put	DFND	1	21,100	0	0
CUMMINS INC	COM	231021106	2,584	23,800	SH	Put	SOLE		23,800	0	0
DBX ETF TR	DBXTR HAR CS 300	233051879	485	15,000	SH	Put	DFND	1	15,000	0	0
DBX ETF TR	DBXTR HAR CS 300	233051879	485	15,000	SH	Put	SOLE		15,000	0	0
DIGITAL TURBINE INC	COM NEW	25400W102	147	81,037	SH		DFND	1	81,037	0	0
DIGITAL TURBINE INC	COM NEW	25400W102	34	18,963	SH		SOLE		18,963	0	0
DISH NETWORK CORP	CL A	25470M109	698	11,966	SH		DFND	1	11,966	0	0
DISH NETWORK CORP	CL A	25470M109	163	2,800	SH		SOLE		2,800	0	0
E M C CORP MASS	COM	268648102	1,446	59,871	SH		DFND	1	59,871	0	0
E M C CORP MASS	COM	268648102	341	14,100	SH		SOLE		14,100	0	0
EATON CORP PLC	SHS	G29183103	1,867	36,400	SH	Call	DFND	1	36,400	0	0
EATON CORP PLC	SHS	G29183103	1,467	28,600	SH	Call	SOLE		28,600	0	0
ELECTRONIC ARTS INC	COM	285512109	372	5,496	SH		DFND	1	5,496	0	0
ELECTRONIC ARTS INC	COM	285512109	88	1,293	SH		SOLE		1,293	0	0
ELLINGTON FINANCIAL LLC	COM	288522303	39	2,180	SH		SOLE		2,180	0	0
ENSTAR GROUP LIMITED	SHS	G3075P101	53	355	SH		SOLE		355	0	0
ERICSSON	ADR B SEK 10	294821608	750	76,652	SH		DFND	1	76,652	0	0
ERICSSON	ADR B SEK 10	294821608	175	17,939	SH		SOLE		17,939	0	0
FACEBOOK INC	CL A	30303M102	1,594	17,735	SH		DFND	1	17,735	0	0
FACEBOOK INC	CL A	30303M102	376	4,177	SH		SOLE		4,177	0	0
FIDUS INVT CORP	COM	316500107	37	2,680	SH		SOLE		2,680	0	0
FIRST SOLAR INC	COM	336433107	1,077	25,200	SH	Put	DFND	1	25,200	0	0
FIRST SOLAR INC	COM	336433107	1,060	24,800	SH	Put	SOLE		24,800	0	0
GATX CORP	COM	361448103	2,163	49,000	SH	Put	DFND	1	49,000	0	0
GATX CORP	COM	361448103	2,252	51,000	SH	Put	SOLE		51,000	0	0
GILEAD SCIENCES INC	COM	375558103	373	3,800	SH		DFND	1	3,800	0	0
GILEAD SCIENCES INC	COM	375558103	933	9,500	SH	Put	DFND	1	9,500	0	0
GILEAD SCIENCES INC	COM	375558103	314	3,200	SH		SOLE		3,200	0	0
GILEAD SCIENCES INC	COM	375558103	736	7,500	SH	Put	SOLE		7,500	0	0
GLU MOBILE INC	COM	379890106	563	128,762	SH		DFND	1	128,762	0	0
GLU MOBILE INC	COM	379890106	376	86,078	SH		SOLE		86,078	0	0
GOLDMAN SACHS BDC INC	SHS	38147U107	257	13,947	SH		SOLE		13,947	0	0
GOOGLE INC	CL A	38259P508	1,439	2,254	SH		DFND	1	2,254	0	0
GOOGLE INC	CL A	38259P508	296	463	SH		SOLE		463	0	0
GRAMERCY PPTY TR INC	COM NEW	38489R605	831	40,000	SH		DFND	1	40,000	0	0
GRAMERCY PPTY TR INC	COM NEW	38489R605	703	33,880	SH		SOLE		33,880	0	0
HC2 HLDGS INC	COM	404139107	1,367	195,000	SH		DFND	1	195,000	0	0
HC2 HLDGS INC	COM	404139107	1,272	181,470	SH		SOLE		181,470	0	0
HCI GROUP INC	COM	40416E103	392	10,100	SH		DFND	1	10,100	0	0
HCI GROUP INC	COM	40416E103	539	13,900	SH	Put	DFND	1	13,900	0	0
HCI GROUP INC	COM	40416E103	326	8,400	SH		SOLE		8,400	0	0
HCI GROUP INC	COM	40416E103	430	11,100	SH	Put	SOLE		11,100	0	0
HEARTWARE INTL INC	COM	422368100	575	11,000	SH	Put	DFND	1	11,000	0	0
HEARTWARE INTL INC	COM	422368100	366	7,000	SH		SOLE		7,000	0	0
HEARTWARE INTL INC	COM	422368100	471	9,000	SH	Put	SOLE		9,000	0	0
HEICO CORP NEW	COM	422806109	932	19,077	SH		DFND	1	19,077	0	0
HEICO CORP NEW	COM	422806109	218	4,460	SH		SOLE		4,460	0	0
HEXCEL CORP NEW	COM	428291108	860	19,173	SH		DFND	1	19,173	0	0
HEXCEL CORP NEW	COM	428291108	634	14,128	SH		SOLE		14,128	0	0
HILLTOP HOLDINGS INC	COM	432748101	198	10,000	SH		DFND	1	10,000	0	0
HILLTOP HOLDINGS INC	COM	432748101	143	7,230	SH		SOLE		7,230	0	0
HOLLYFRONTIER CORP	COM	436106108	1,139	23,317	SH		DFND	1	23,317	0	0
HOLLYFRONTIER CORP	COM	436106108	266	5,452	SH		SOLE		5,452	0	0
HOMEAWAY INC	COM	43739Q100	292	11,011	SH		DFND	1	11,011	0	0
HOMEAWAY INC	COM	43739Q100	69	2,591	SH		SOLE		2,591	0	0
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	536	59,242	SH		DFND	1	59,242	0	0
HORIZON TECHNOLOGY FIN CORP	COM	44045A102	407	44,910	SH		SOLE		44,910	0	0
HOWARD HUGHES CORP	COM	44267D107	516	4,500	SH		DFND	1	4,500	0	0
HOWARD HUGHES CORP	COM	44267D107	387	3,375	SH		SOLE		3,375	0	0
HUB GROUP INC	CL A	443320106	858	23,555	SH		DFND	1	23,555	0	0
HUB GROUP INC	CL A	443320106	202	5,547	SH		SOLE		5,547	0	0
HUNT J B TRANS SVCS INC	COM	445658107	1,738	24,348	SH		DFND	1	24,348	0	0
HUNT J B TRANS SVCS INC	COM	445658107	409	5,731	SH		SOLE		5,731	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	861	13,186	SH		DFND	1	13,186	0	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	203	3,103	SH		SOLE		3,103	0	0
IMMERSION CORP	COM	452521107	4,022	358,175	SH		DFND	1	358,175	0	0
IMMERSION CORP	COM	452521107	1,170	104,176	SH		SOLE		104,176	0	0
INFOBLOX INC	COM	45672H104	244	15,252	SH		DFND	1	15,252	0	0
INFOBLOX INC	COM	45672H104	57	3,566	SH		SOLE		3,566	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,421	27,988	SH		DFND	1	27,988	0	0
INGERSOLL-RAND PLC	SHS	G47791101	2,452	48,300	SH	Call	DFND	1	48,300	0	0
INGERSOLL-RAND PLC	SHS	G47791101	335	6,600	SH		SOLE		6,600	0	0
INGERSOLL-RAND PLC	SHS	G47791101	2,625	51,700	SH	Call	SOLE		51,700	0	0
JAMES RIV GROUP LTD	COM	G5005R107	775	28,815	SH		DFND	1	28,815	0	0
JAMES RIV GROUP LTD	COM	G5005R107	493	18,355	SH		SOLE		18,355	0	0
JARDEN CORP	COM	471109108	1,349	27,600	SH	Put	DFND	1	27,600	0	0
JARDEN CORP	COM	471109108	1,339	27,400	SH	Put	SOLE		27,400	0	0
JUNIPER NETWORKS INC	COM	48203R104	345	13,410	SH		DFND	1	13,410	0	0
JUNIPER NETWORKS INC	COM	48203R104	81	3,135	SH		SOLE		3,135	0	0
KCAP FINL INC	COM	48668E101	586	130,000	SH		DFND	1	130,000	0	0
KCAP FINL INC	COM	48668E101	623	138,080	SH		SOLE		138,080	0	0
KEARNY FINL CORP MD	COM	48716P108	229	20,000	SH		DFND	1	20,000	0	0
KEARNY FINL CORP MD	COM	48716P108	451	39,300	SH		SOLE		39,300	0	0
KITE PHARMA INC	COM	49803L109	462	8,300	SH	Put	DFND	1	8,300	0	0
KITE PHARMA INC	COM	49803L109	278	5,000	SH		SOLE		5,000	0	0
KITE PHARMA INC	COM	49803L109	373	6,700	SH	Put	SOLE		6,700	0	0
KLA-TENCOR CORP	COM	482480100	377	7,540	SH		DFND	1	7,540	0	0
KLA-TENCOR CORP	COM	482480100	88	1,764	SH		SOLE		1,764	0	0
LADDER CAP CORP	CL A	505743104	1,017	71,000	SH		DFND	1	71,000	0	0
LADDER CAP CORP	CL A	505743104	726	50,700	SH		SOLE		50,700	0	0
LANDSTAR SYS INC	COM	515098101	867	13,663	SH		DFND	1	13,663	0	0
LANDSTAR SYS INC	COM	515098101	203	3,197	SH		SOLE		3,197	0	0
LAS VEGAS SANDS CORP	COM	517834107	608	16,000	SH	Put	DFND	1	16,000	0	0
LAS VEGAS SANDS CORP	COM	517834107	600	15,800	SH	Put	SOLE		15,800	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	1,364	32,649	SH		DFND	1	32,649	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	1,600	39,000	SH	Call	DFND	1	39,000	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	591	14,261	SH		SOLE		14,261	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	377	9,200	SH	Call	SOLE		9,200	0	0
LOCKHEED MARTIN CORP	COM	539830109	2,426	11,700	SH	Call	DFND	1	11,700	0	0
LOCKHEED MARTIN CORP	COM	539830109	2,757	13,300	SH	Call	SOLE		13,300	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	320	5,000	SH		DFND	1	5,000	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	1,234	19,300	SH	Put	DFND	1	19,300	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	269	4,200	SH		SOLE		4,200	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	1,004	15,700	SH	Put	SOLE		15,700	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	707	4,656	SH		DFND	1	4,656	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	1,094	7,200	SH	Call	DFND	1	7,200	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	166	1,090	SH		SOLE		1,090	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	1,185	7,800	SH	Call	SOLE		7,800	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	584	64,556	SH		DFND	1	64,556	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	137	15,086	SH		SOLE		15,086	0	0
MELLANOX TECHNOLOGIES LTD	SHS	M51363113	395	10,464	SH		DFND	1	10,464	0	0
MELLANOX TECHNOLOGIES LTD	SHS	M51363113	91	2,415	SH		SOLE		2,415	0	0
MICROSOFT CORP	COM	594918104	2,918	65,927	SH		DFND	1	65,927	0	0
MICROSOFT CORP	COM	594918104	683	15,427	SH		SOLE		15,427	0	0
MURPHY USA INC	COM	626755102	853	15,532	SH		DFND	1	15,532	0	0
MURPHY USA INC	COM	626755102	200	3,631	SH		SOLE		3,631	0	0
NETFLIX INC	COM	64110L106	10,915	105,700	SH	Put	DFND	1	105,700	0	0
NETFLIX INC	COM	64110L106	10,770	104,300	SH	Put	SOLE		104,300	0	0
NETSCOUT SYS INC	COM	64115T104	3,609	102,038	SH		DFND	1	102,038	0	0
NETSCOUT SYS INC	COM	64115T104	845	23,878	SH		SOLE		23,878	0	0
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	1,326	101,200	SH		DFND	1	101,200	0	0
NEW RESIDENTIAL INVT CORP	COM NEW	64828T201	628	47,960	SH		SOLE		47,960	0	0
NMI HLDGS INC	CL A	629209305	608	80,000	SH		DFND	1	80,000	0	0
NMI HLDGS INC	CL A	629209305	529	69,550	SH		SOLE		69,550	0	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	287	20,000	SH		DFND	1	20,000	0	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	176	12,260	SH		SOLE		12,260	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	494	40,000	SH		DFND	1	40,000	0	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	524	42,430	SH		SOLE		42,430	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	434	29,230	SH		DFND	1	29,230	0	0
NUVEEN FLEXIBLE INVT INCOME	COM	67075B104	392	26,426	SH		SOLE		26,426	0	0
O2MICRO INTERNATIONAL LTD	SPONS ADR	67107W100	367	161,560	SH		DFND	1	161,560	0	0
O2MICRO INTERNATIONAL LTD	SPONS ADR	67107W100	87	38,440	SH		SOLE		38,440	0	0
OFS CAP CORP	COM	67103B100	336	32,800	SH		DFND	1	32,800	0	0
OFS CAP CORP	COM	67103B100	344	33,600	SH		SOLE		33,600	0	0
OWENS CORNING NEW	COM	690742101	997	23,800	SH	Call	DFND	1	23,800	0	0
OWENS CORNING NEW	COM	690742101	1,098	26,200	SH	Call	SOLE		26,200	0	0
PACCAR INC	COM	693718108	1,836	35,200	SH	Put	DFND	1	35,200	0	0
PACCAR INC	COM	693718108	2,076	39,800	SH	Put	SOLE		39,800	0	0
PENNANTPARK INVT CORP	COM	708062104	226	35,000	SH		DFND	1	35,000	0	0
PENNANTPARK INVT CORP	COM	708062104	224	34,740	SH		SOLE		34,740	0	0
PRECISION CASTPARTS CORP	COM	740189105	1,443	6,281	SH		DFND	1	6,281	0	0
PRECISION CASTPARTS CORP	COM	740189105	338	1,470	SH		SOLE		1,470	0	0
QUANTUM CORP	COM DSSG	747906204	290	416,423	SH		DFND	1	416,423	0	0
QUANTUM CORP	COM DSSG	747906204	68	97,331	SH		SOLE		97,331	0	0
REALD INC	COM	75604L105	549	57,118	SH		DFND	1	57,118	0	0
REALD INC	COM	75604L105	129	13,449	SH		SOLE		13,449	0	0
REALNETWORKS INC	COM NEW	75605L708	350	85,631	SH		DFND	1	85,631	0	0
REALNETWORKS INC	COM NEW	75605L708	85	20,776	SH		SOLE		20,776	0	0
RESOURCE AMERICA INC	CL A	761195205	599	90,000	SH		DFND	1	90,000	0	0
RESOURCE AMERICA INC	CL A	761195205	521	78,360	SH		SOLE		78,360	0	0
SALESFORCE COM INC	COM	79466L302	2,910	41,917	SH		DFND	1	41,917	0	0
SALESFORCE COM INC	COM	79466L302	681	9,809	SH		SOLE		9,809	0	0
SARATOGA INVT CORP	COM NEW	80349A208	919	56,929	SH		DFND	1	56,929	0	0
SARATOGA INVT CORP	COM NEW	80349A208	733	45,414	SH		SOLE		45,414	0	0
SMITH & WESSON HLDG CORP	COM	831756101	374	22,146	SH		DFND	1	22,146	0	0
SMITH & WESSON HLDG CORP	COM	831756101	87	5,178	SH		SOLE		5,178	0	0
SMITH A O	COM	831865209	2,855	43,800	SH	Put	DFND	1	43,800	0	0
SMITH A O	COM	831865209	2,979	45,700	SH	Put	SOLE		45,700	0	0
SOLAR CAP LTD	COM	83413U100	1,145	72,405	SH		DFND	1	72,405	0	0
SOLAR CAP LTD	COM	83413U100	862	54,480	SH		SOLE		54,480	0	0
SOLAR SR CAP LTD	COM	83416M105	407	28,600	SH		DFND	1	28,600	0	0
SOLAR SR CAP LTD	COM	83416M105	235	16,500	SH		SOLE		16,500	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	612	5,729	SH		DFND	1	5,729	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	29,814	279,000	SH	Call	DFND	1	279,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	456	4,271	SH		SOLE		4,271	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	23,616	221,000	SH	Call	SOLE		221,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,568	13,400	SH		DFND	1	13,400	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	594	3,100	SH		SOLE		3,100	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,024	21,000	SH	Put	SOLE		21,000	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	1,718	27,600	SH	Put	DFND	1	27,600	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	1,394	22,400	SH	Put	SOLE		22,400	0	0
TELENAV INC	COM	879455103	977	125,125	SH		DFND	1	125,125	0	0
TELENAV INC	COM	879455103	230	29,408	SH		SOLE		29,408	0	0
TERADYNE INC	COM	880770102	1,480	82,165	SH		DFND	1	82,165	0	0
TERADYNE INC	COM	880770102	346	19,227	SH		SOLE		19,227	0	0
THL CR INC	COM	872438106	791	72,448	SH		DFND	1	72,448	0	0
THL CR INC	COM	872438106	614	56,290	SH		SOLE		56,290	0	0
TRANSDIGM GROUP INC	COM	893641100	331	1,559	SH		DFND	1	1,559	0	0
TRANSDIGM GROUP INC	COM	893641100	1,296	6,100	SH	Call	DFND	1	6,100	0	0
TRANSDIGM GROUP INC	COM	893641100	78	367	SH		SOLE		367	0	0
TRANSDIGM GROUP INC	COM	893641100	828	3,900	SH	Call	SOLE		3,900	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	770	59,600	SH	Put	DFND	1	59,600	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	845	65,400	SH	Put	SOLE		65,400	0	0
TRAVELCENTERS AMER LLC	COM	894174101	611	59,137	SH		DFND	1	59,137	0	0
TRAVELCENTERS AMER LLC	COM	894174101	144	13,918	SH		SOLE		13,918	0	0
TRIPLEPOINT VENTURE GROWTH B	COM	89677Y100	1,247	123,000	SH		DFND	1	123,000	0	0
TRIPLEPOINT VENTURE GROWTH B	COM	89677Y100	849	83,720	SH		SOLE		83,720	0	0
TYCO INTL PLC	SHS	G91442106	654	19,536	SH		DFND	1	19,536	0	0
TYCO INTL PLC	SHS	G91442106	153	4,567	SH		SOLE		4,567	0	0
U S G CORP	COM NEW	903293405	1,270	47,700	SH	Call	DFND	1	47,700	0	0
U S G CORP	COM NEW	903293405	1,392	52,300	SH	Call	SOLE		52,300	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	530	36,100	SH	Put	DFND	1	36,100	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	424	28,900	SH	Put	SOLE		28,900	0	0
VONAGE HLDGS CORP	COM	92886T201	720	122,423	SH		DFND	1	122,423	0	0
VONAGE HLDGS CORP	COM	92886T201	169	28,793	SH		SOLE		28,793	0	0
VULCAN MATLS CO	COM	929160109	723	8,102	SH		DFND	1	8,102	0	0
VULCAN MATLS CO	COM	929160109	1,811	20,300	SH	Call	DFND	1	20,300	0	0
VULCAN MATLS CO	COM	929160109	169	1,896	SH		SOLE		1,896	0	0
VULCAN MATLS CO	COM	929160109	1,088	12,200	SH	Call	SOLE		12,200	0	0
XILINX INC	COM	983919101	1,018	24,015	SH		DFND	1	24,015	0	0
XILINX INC	COM	983919101	240	5,651	SH		SOLE		5,651	0	0
ZILLOW GROUP INC	CL A	98954M101	942	32,800	SH	Put	DFND	1	32,800	0	0
ZILLOW GROUP INC	CL A	98954M101	945	32,900	SH	Put	SOLE		32,900	0	0
ZS PHARMA INC	COM	98979G105	729	11,100	SH	Put	DFND	1	11,100	0	0
ZS PHARMA INC	COM	98979G105	584	8,900	SH	Put	SOLE		8,900	0	0
ZYNGA INC	CL A	98986T108	169	73,931	SH		DFND	1	73,931	0	0
ZYNGA INC	CL A	98986T108	39	17,310	SH		SOLE		17,310	0	0