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
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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
ACTIVISION BLIZZARD INC	COM	00507V109	567	14,319	SH		SOLE		14,319	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	2,107	53,167	SH		DFND	1	53,167	0	0
AERCAP HOLDINGS NV	SHS	N00985106	309	9,200	SH		SOLE		9,200	0	0
AERCAP HOLDINGS NV	SHS	N00985106	437	13,000	SH		DFND	1	13,000	0	0
ALCENTRA CAP CORP	COM	01374T102	79	6,500	SH		SOLE		6,500	0	0
ALCENTRA CAP CORP	COM	01374T102	164	13,500	SH		DFND	1	13,500	0	0
AMAZON COM INC	COM	023135106	116	162	SH		SOLE		162	0	0
AMAZON COM INC	COM	023135106	646	903	SH		DFND	1	903	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	457	32,089	SH		SOLE		32,089	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	371	26,000	SH	Call	SOLE		26,000	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	1,039	72,911	SH		DFND	1	72,911	0	0
APIGEE CORP	COM	03765N108	170	13,871	SH		SOLE		13,871	0	0
APIGEE CORP	COM	03765N108	629	51,486	SH		DFND	1	51,486	0	0
ARBUTUS BIOPHARMA CORP	COM	03879J100	18	5,259	SH		SOLE		5,259	0	0
ARBUTUS BIOPHARMA CORP	COM	03879J100	69	19,741	SH		DFND	1	19,741	0	0
ARES CAP CORP	COM	04010L103	136	9,600	SH		SOLE		9,600	0	0
ARES CAP CORP	COM	04010L103	361	25,400	SH		DFND	1	25,400	0	0
ARISTA NETWORKS INC	COM	040413106	1,886	29,300	SH	Put	SOLE		29,300	0	0
ARISTA NETWORKS INC	COM	040413106	1,011	15,700	SH	Put	DFND	1	15,700	0	0
ASSEMBLY BIOSCIENCES INC	COM	045396108	48	8,700	SH		SOLE		8,700	0	0
ASSEMBLY BIOSCIENCES INC	COM	045396108	171	30,812	SH		DFND	1	30,812	0	0
B RILEY FINL INC	COM	05580M108	4,808	501,927	SH		SOLE		501,927	0	0
B RILEY FINL INC	COM	05580M108	4,145	432,694	SH		DFND	1	432,694	0	0
BARD C R INC	COM	067383109	1,599	6,800	SH	Put	SOLE		6,800	0	0
BARD C R INC	COM	067383109	753	3,200	SH	Put	DFND	1	3,200	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	114	2,517	SH		SOLE		2,517	0	0
BEACON ROOFING SUPPLY INC	COM	073685109	425	9,347	SH		DFND	1	9,347	0	0
BENEFICIAL BANCORP INC	COM	08171T102	550	43,250	SH		SOLE		43,250	0	0
BENEFICIAL BANCORP INC	COM	08171T102	738	58,032	SH		DFND	1	58,032	0	0
BLUE HILLS BANCORP INC	COM	095573101	593	40,200	SH		SOLE		40,200	0	0
BLUE HILLS BANCORP INC	COM	095573101	989	67,000	SH		DFND	1	67,000	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	180	6,086	SH		SOLE		6,086	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	665	22,437	SH		DFND	1	22,437	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	2,955	65,300	SH	Put	SOLE		65,300	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	1,571	34,700	SH	Put	DFND	1	34,700	0	0
BWX TECHNOLOGIES INC	COM	05605H100	547	15,291	SH		SOLE		15,291	0	0
BWX TECHNOLOGIES INC	COM	05605H100	2,030	56,748	SH		DFND	1	56,748	0	0
CACI INTL INC	CL A	127190304	203	2,249	SH		SOLE		2,249	0	0
CACI INTL INC	CL A	127190304	749	8,287	SH		DFND	1	8,287	0	0
CARMAX INC	COM	143130102	867	17,690	SH		SOLE		17,690	0	0
CARMAX INC	COM	143130102	4,040	82,400	SH	Put	SOLE		82,400	0	0
CARMAX INC	COM	143130102	410	8,361	SH		DFND	1	8,361	0	0
CARMAX INC	COM	143130102	1,942	39,600	SH	Put	DFND	1	39,600	0	0
COVISINT CORP	COM	22357R103	2,965	1,360,067	SH		SOLE		1,360,067	0	0
COVISINT CORP	COM	22357R103	2,165	993,000	SH		DFND	1	993,000	0	0
CREDIT ACCEP CORP MICH	COM	225310101	278	1,500	SH		SOLE		1,500	0	0
CSRA INC	COM	12650T104	210	8,949	SH		SOLE		8,949	0	0
CSRA INC	COM	12650T104	778	33,215	SH		DFND	1	33,215	0	0
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	4,108	43,900	SH	Put	SOLE		43,900	0	0
CURRENCYSHS JAPANESE YEN TR	JAPANESE YEN	23130A102	1,975	21,100	SH	Put	DFND	1	21,100	0	0
DUNKIN BRANDS GROUP INC	COM	265504100	436	10,000	SH	Put	SOLE		10,000	0	0
EAGLE PT CR CO LLC	COM	269808101	362	22,500	SH		SOLE		22,500	0	0
EAGLE PT CR CO LLC	COM	269808101	604	37,500	SH		DFND	1	37,500	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	678	6,800	SH	Put	SOLE		6,800	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	319	3,200	SH	Put	DFND	1	3,200	0	0
ELDORADO RESORTS INC	COM	28470R102	223	14,672	SH		SOLE		14,672	0	0
ELDORADO RESORTS INC	COM	28470R102	839	55,205	SH		DFND	1	55,205	0	0
EMCORE CORP	COM NEW	290846203	221	37,161	SH		SOLE		37,161	0	0
EMCORE CORP	COM NEW	290846203	819	137,820	SH		DFND	1	137,820	0	0
EURONAV NV ANTWERPEN	SHS	B38564108	185	20,187	SH		SOLE		20,187	0	0
EURONAV NV ANTWERPEN	SHS	B38564108	687	74,910	SH		DFND	1	74,910	0	0
EXACT SCIENCES CORP	COM	30063P105	716	58,467	SH		SOLE		58,467	0	0
EXACT SCIENCES CORP	COM	30063P105	378	30,833	SH		DFND	1	30,833	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	3,805	50,200	SH	Put	SOLE		50,200	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,880	24,800	SH	Put	DFND	1	24,800	0	0
FIDELITY & GTY LIFE	COM	315785105	596	25,711	SH		SOLE		25,711	0	0
FIDELITY & GTY LIFE	COM	315785105	285	12,289	SH		DFND	1	12,289	0	0
FIRST CONN BANCORP INC MD	COM	319850103	136	8,200	SH		SOLE		8,200	0	0
FIRST CONN BANCORP INC MD	COM	319850103	339	20,500	SH		DFND	1	20,500	0	0
GLOBAL BLOOD THERAPEUTICS IN	COM	37890U108	332	20,000	SH		SOLE		20,000	0	0
GRAMERCY PPTY TR	COM	385002100	208	22,600	SH		SOLE		22,600	0	0
GRAMERCY PPTY TR	COM	385002100	534	57,900	SH		DFND	1	57,900	0	0
GREEN DOT CORP	CL A	39304D102	441	19,202	SH		SOLE		19,202	0	0
GREEN DOT CORP	CL A	39304D102	1,639	71,277	SH		DFND	1	71,277	0	0
GUESS INC	COM	401617105	104	6,891	SH		SOLE		6,891	0	0
GUESS INC	COM	401617105	385	25,577	SH		DFND	1	25,577	0	0
HARBORONE BANCORP INC	COM	41165F101	194	15,000	SH		SOLE		15,000	0	0
HARLEY DAVIDSON INC	COM	412822108	2,605	57,500	SH	Put	SOLE		57,500	0	0
HARLEY DAVIDSON INC	COM	412822108	1,246	27,500	SH	Put	DFND	1	27,500	0	0
HC2 HLDGS INC	COM	404139107	245	57,000	SH		SOLE		57,000	0	0
HC2 HLDGS INC	COM	404139107	538	125,000	SH		DFND	1	125,000	0	0
HUBSPOT INC	COM	443573100	734	16,900	SH	Put	SOLE		16,900	0	0
HUBSPOT INC	COM	443573100	352	8,100	SH	Put	DFND	1	8,100	0	0
IMMERSION CORP	COM	452521107	891	121,351	SH		SOLE		121,351	0	0
IMMERSION CORP	COM	452521107	1,412	192,349	SH		DFND	1	192,349	0	0
INOVIO PHARMACEUTICALS INC	COM NEW	45773H201	100	10,860	SH		SOLE		10,860	0	0
INOVIO PHARMACEUTICALS INC	COM NEW	45773H201	362	39,140	SH		DFND	1	39,140	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	1,689	20,500	SH	Put	SOLE		20,500	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	659	8,000	SH	Put	DFND	1	8,000	0	0
JACK IN THE BOX INC	COM	466367109	868	10,100	SH	Put	SOLE		10,100	0	0
JACK IN THE BOX INC	COM	466367109	421	4,900	SH	Put	DFND	1	4,900	0	0
KEARNY FINL CORP MD	COM	48716P108	433	34,400	SH		SOLE		34,400	0	0
KEARNY FINL CORP MD	COM	48716P108	789	62,700	SH		DFND	1	62,700	0	0
KITE PHARMA INC	COM	49803L109	500	10,000	SH	Put	SOLE		10,000	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	799	6,700	SH	Put	SOLE		6,700	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	394	3,300	SH	Put	DFND	1	3,300	0	0
LINCOLN NATL CORP IND	COM	534187109	280	7,220	SH		SOLE		7,220	0	0
LINCOLN NATL CORP IND	COM	534187109	763	19,680	SH		DFND	1	19,680	0	0
LKQ CORP	COM	501889208	542	17,101	SH		SOLE		17,101	0	0
LKQ CORP	COM	501889208	783	24,707	SH		DFND	1	24,707	0	0
LOUISIANA PAC CORP	COM	546347105	318	18,309	SH		SOLE		18,309	0	0
LOUISIANA PAC CORP	COM	546347105	1,179	67,961	SH		DFND	1	67,961	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	472	49,569	SH		SOLE		49,569	0	0
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	1,753	183,993	SH		DFND	1	183,993	0	0
MCDONALDS CORP	COM	580135101	2,022	16,800	SH	Put	SOLE		16,800	0	0
MCDONALDS CORP	COM	580135101	987	8,200	SH	Put	DFND	1	8,200	0	0
MERCURY SYS INC	COM	589378108	67	2,700	SH		SOLE		2,700	0	0
MERCURY SYS INC	COM	589378108	257	10,321	SH		DFND	1	10,321	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	323	14,268	SH		SOLE		14,268	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	1,200	53,036	SH		DFND	1	53,036	0	0
MICRON TECHNOLOGY INC	COM	595112103	198	14,406	SH		SOLE		14,406	0	0
MICRON TECHNOLOGY INC	COM	595112103	735	53,394	SH		DFND	1	53,394	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	326	28,557	SH		SOLE		28,557	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	1,211	106,000	SH		DFND	1	106,000	0	0
NEWS CORP NEW	CL A	65249B109	239	21,080	SH		SOLE		21,080	0	0
NEWS CORP NEW	CL A	65249B109	896	78,920	SH		DFND	1	78,920	0	0
NMI HLDGS INC	CL A	629209305	3,244	592,000	SH		SOLE		592,000	0	0
NMI HLDGS INC	CL A	629209305	1,973	360,000	SH		DFND	1	360,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	454	2,043	SH		SOLE		2,043	0	0
NORTHROP GRUMMAN CORP	COM	666807102	7,446	33,500	SH	Call	SOLE		33,500	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,685	7,582	SH		DFND	1	7,582	0	0
NORTHROP GRUMMAN CORP	COM	666807102	3,668	16,500	SH	Call	DFND	1	16,500	0	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	240	23,500	SH		SOLE		23,500	0	0
NORTHSTAR ASSET MGMT GROUP I	COM	66705Y104	511	50,000	SH		DFND	1	50,000	0	0
NUCOR CORP	COM	670346105	267	5,400	SH	Put	SOLE		5,400	0	0
OWENS CORNING NEW	COM	690742101	112	2,168	SH		SOLE		2,168	0	0
OWENS CORNING NEW	COM	690742101	415	8,051	SH		DFND	1	8,051	0	0
PANERA BREAD CO	CL A	69840W108	1,717	8,100	SH	Put	SOLE		8,100	0	0
PANERA BREAD CO	CL A	69840W108	827	3,900	SH	Put	DFND	1	3,900	0	0
PARSLEY ENERGY INC	CL A	701877102	233	8,600	SH		SOLE		8,600	0	0
PARSLEY ENERGY INC	CL A	701877102	857	31,657	SH		DFND	1	31,657	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	2,334	21,700	SH	Put	SOLE		21,700	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	462	4,300	SH	Put	DFND	1	4,300	0	0
PRESTIGE BRANDS HLDGS INC	COM	74112D101	560	10,100	SH	Put	SOLE		10,100	0	0
PRESTIGE BRANDS HLDGS INC	COM	74112D101	271	4,900	SH	Put	DFND	1	4,900	0	0
RESMED INC	COM	761152107	3,199	50,600	SH	Put	SOLE		50,600	0	0
RESMED INC	COM	761152107	1,543	24,400	SH	Put	DFND	1	24,400	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	385	20,180	SH		SOLE		20,180	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	187	9,820	SH		DFND	1	9,820	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	11,314	202,000	SH	Call	SOLE		202,000	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	5,489	98,000	SH	Call	DFND	1	98,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	1,250	54,700	SH	Put	SOLE		54,700	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	578	25,300	SH	Put	DFND	1	25,300	0	0
SENSUS HEALTHCARE INC	UNIT 99/99/9999	81728J208	354	54,500	SH		SOLE		54,500	0	0
SENSUS HEALTHCARE INC	UNIT 99/99/9999	81728J208	1,293	199,215	SH		DFND	1	199,215	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	670	10,590	SH		SOLE		10,590	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	2,486	39,289	SH		DFND	1	39,289	0	0
SOLAR CAP LTD	COM	83413U100	600	31,500	SH		SOLE		31,500	0	0
SOLAR CAP LTD	COM	83413U100	1,334	70,000	SH		DFND	1	70,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	2,568	20,300	SH		SOLE		20,300	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	7,272	57,500	SH	Call	SOLE		57,500	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	1,227	9,700	SH		DFND	1	9,700	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	3,478	27,500	SH	Call	DFND	1	27,500	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	57,480	274,400	SH	Call	SOLE		274,400	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	26,310	125,600	SH	Call	DFND	1	125,600	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,466	5,381	SH		SOLE		5,381	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	5,433	19,946	SH		DFND	1	19,946	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	368	50,783	SH		SOLE		50,783	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	176	24,219	SH		DFND	1	24,219	0	0
STARBUCKS CORP	COM	855244109	965	16,900	SH	Put	SOLE		16,900	0	0
STARBUCKS CORP	COM	855244109	463	8,100	SH	Put	DFND	1	8,100	0	0
TASER INTL INC	COM	87651B104	107	4,317	SH		SOLE		4,317	0	0
TASER INTL INC	COM	87651B104	398	16,000	SH		DFND	1	16,000	0	0
TCP CAP CORP	COM	87238Q103	260	17,000	SH		SOLE		17,000	0	0
TCP CAP CORP	COM	87238Q103	458	30,000	SH		DFND	1	30,000	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	223	74,819	SH		SOLE		74,819	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	827	277,591	SH		DFND	1	277,591	0	0
TERRITORIAL BANCORP INC	COM	88145X108	228	8,600	SH		SOLE		8,600	0	0
TERRITORIAL BANCORP INC	COM	88145X108	503	19,000	SH		DFND	1	19,000	0	0
TESLA MTRS INC	COM	88160R101	1,422	6,700	SH	Put	SOLE		6,700	0	0
TESLA MTRS INC	COM	88160R101	701	3,300	SH	Put	DFND	1	3,300	0	0
THL CR INC	COM	872438106	111	10,000	SH		SOLE		10,000	0	0
TRIPLEPOINT VENTURE GROWTH B	COM	89677Y100	935	88,300	SH		SOLE		88,300	0	0
TRIPLEPOINT VENTURE GROWTH B	COM	89677Y100	1,413	133,381	SH		DFND	1	133,381	0	0
VANECK VECTORS ETF TR	SEMICONDUCTOR ET	92189F676	8,614	151,100	SH	Put	SOLE		151,100	0	0
VANECK VECTORS ETF TR	SEMICONDUCTOR ET	92189F676	4,213	73,900	SH	Put	DFND	1	73,900	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,374	7,148	SH		SOLE		7,148	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	5,099	26,527	SH		DFND	1	26,527	0	0
VONAGE HLDGS CORP	COM	92886T201	2,332	382,345	SH		SOLE		382,345	0	0
VONAGE HLDGS CORP	COM	92886T201	2,699	442,525	SH		DFND	1	442,525	0	0
WHOLE FOODS MKT INC	COM	966837106	111	3,454	SH		SOLE		3,454	0	0
WHOLE FOODS MKT INC	COM	966837106	679	21,200	SH	Call	SOLE		21,200	0	0
WHOLE FOODS MKT INC	COM	966837106	411	12,821	SH		DFND	1	12,821	0	0
WHOLE FOODS MKT INC	COM	966837106	2,523	78,800	SH	Call	DFND	1	78,800	0	0
XILINX INC	COM	983919101	224	4,859	SH		SOLE		4,859	0	0
XILINX INC	COM	983919101	825	17,888	SH		DFND	1	17,888	0	0