Loeb Offshore 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
AARONS INC	COM PAR $0.50	002535300	5,683	187,923	SH		DFND		0	187,923	0
ACCELRYS INC	COM	00430U103	1,763	141,481	SH		DFND		0	141,481	0
ACCRETIVE HEALTH INC	COM	00438V103	480	60,000	SH		DFND		0	60,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	1,830	50,000	SH		DFND		0	50,000	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	9	10,400	SH	Put	DFND		0	10,400	0
AMGEN INC	COM	031162100	222	1,800	SH		DFND		0	1,800	0
ANADARKO PETE CORP	COM	032511107	5,630	66,422	SH		DFND		0	66,422	0
ANNALY CAP MGMT INC	COM	035710409	6	26,000	SH	Put	DFND		0	26,000	0
ARTHROCARE CORP	COM	043136100	7,292	151,328	SH		DFND		0	151,328	0
ASTORIA FINL CORP	COM	046265104	1	14,100	SH	Call	DFND		0	0	0
ASTORIA FINL CORP	COM	046265104	1,382	100,001	SH		DFND		0	100,001	0
ATMI INC	COM	00207R101	7,567	222,504	SH		DFND		0	222,504	0
AUGUSTA RES CORP	COM NEW	050912203	1,193	386,610	SH		DFND		0	386,610	0
AUTONAVI HLDGS LTD	SPONSORED ADR	05330F106	1,102	55,000	SH		DFND		0	55,000	0
B & G FOODS INC NEW	COM	05508R106	804	26,700	SH		DFND		0	26,700	0
BARRICK GOLD CORP	COM	067901108	1,248	69,970	SH		DFND		0	69,970	0
BAXTER INTL INC	COM	071813109	2,943	39,999	SH		DFND		0	39,999	0
BEAM INC	COM	073730103	7,835	94,062	SH		DFND		0	94,062	0
BEAZER HOMES USA INC	COM NEW	07556Q881	402	20,000	SH		DFND		0	20,000	0
BEAZER HOMES USA INC	COM NEW	07556Q881	39	20,000	SH	Put	DFND		0	20,000	0
BGC PARTNERS INC	CL A	05541T101	5	100,000	SH	Call	DFND		0	0	0
BGC PARTNERS INC	CL A	05541T101	5,139	785,741	SH		DFND		0	785,741	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	1,247	147,748	SH		DFND		0	147,748	0
BIOGEN IDEC INC	COM	09062X103	214	701	SH		DFND		0	701	0
BLACKBERRY LTD	COM	09228F103	808	100,000	SH		DFND		0	100,000	0
BLACKHAWK NETWORK HLDGS INC	CL A	09238E104	2,008	82,343	SH		DFND		0	82,343	0
BOB EVANS FARMS INC	COM	096761101	777	15,522	SH		DFND		0	15,522	0
CABOT MICROELECTRONICS CORP	COM	12709P103	3,306	75,129	SH		DFND		0	75,129	0
CAPITALSOURCE INC	COM	14055X102	2,503	171,558	SH		DFND		0	171,558	0
CHATHAM LODGING TR	COM	16208T102	1,135	56,120	SH		DFND		0	56,120	0
CHINA HYDROELECTRIC CORP	SPONSORED ADR	16949D101	1,339	393,878	SH		DFND		0	393,878	0
CHINAEDU CORP	SPONS ADR	16945L107	209	30,275	SH		DFND		0	30,275	0
CHINDEX INTERNATIONAL INC	COM	169467107	477	24,998	SH		DFND		0	24,998	0
CIGNA CORPORATION	COM	125509109	216	2,579	SH		DFND		0	2,579	0
COASTAL CONTACTS INC	COM NEW	19044R207	3,698	329,484	SH		DFND		0	329,484	0
COMCAST CORP NEW	CL A	20030N101	111	27,200	SH	Put	DFND		0	27,200	0
COMPUWARE CORP	COM	205638109	4,963	472,702	SH		DFND		0	472,702	0
CONAGRA FOODS INC	COM	205887102	969	31,220	SH		DFND		0	31,220	0
COOPER TIRE & RUBR CO	COM	216831107	872	35,900	SH		DFND		0	35,900	0
COVIDIEN PLC	SHS	G2554F113	202	2,745	SH		DFND		0	2,745	0
CST BRANDS INC	COM	12646R105	781	25,000	SH		DFND		0	25,000	0
DARDEN RESTAURANTS INC	COM	237194105	1,804	35,548	SH		DFND		0	35,548	0
DIEBOLD INC	COM	253651103	3,302	82,790	SH		DFND		0	82,790	0
DISH NETWORK CORP	CL A	25470M109	2,177	35,001	SH		DFND		0	35,001	0
DISH NETWORK CORP	CL A	25470M109	13	25,000	SH	Put	DFND		0	25,000	0
EARTHLINK HLDGS CORP	COM	27033X101	90	25,000	SH		DFND		0	25,000	0
EBAY INC	COM	278642103	10,805	195,600	SH		DFND		0	195,600	0
EBAY INC	COM	278642103	44	122,100	SH	Put	DFND		0	122,100	0
ENDO INTL PLC	SHS	G30401106	2,541	37,009	SH		DFND		0	37,009	0
ENERGY XXI BERMUDA LTD	USD UNRS SHS	G10082140	3,175	134,717	SH		DFND		0	134,717	0
ENTEROMEDICS INC	COM NEW	29365M208	55	30,000	SH		DFND		0	30,000	0
ENTROPIC COMMUNICATIONS INC	COM	29384R105	1,167	285,291	SH		DFND		0	285,291	0
EPL OIL & GAS INC	COM	26883D108	1,313	34,005	SH		DFND		0	34,005	0
EQUAL ENERGY LTD	COM	29390Q109	1,035	225,973	SH		DFND		0	225,973	0
EXELIXIS INC	COM	30161Q104	106	30,000	SH		DFND		0	30,000	0
FAIRPOINT COMMUNICATIONS INC	COM NEW	305560302	459	33,778	SH		DFND		0	33,778	0
FOREST LABS INC	COM	345838106	10,095	109,409	SH		DFND		0	109,409	0
FOSTER WHEELER AG	COM	H27178104	5,423	167,282	SH		DFND		0	167,282	0
FREDS INC	CL A	356108100	2,787	154,768	SH		DFND		0	154,768	0
FURIEX PHARMACEUTICALS INC	COM	36106P101	856	9,841	SH		DFND		0	9,841	0
GENERAL MTRS CO	COM	37045V100	2,000	58,101	SH		DFND		0	58,101	0
GENERAL MTRS CO	COM	37045V100	5	28,100	SH	Put	DFND		0	28,100	0
GILEAD SCIENCES INC	COM	375558103	283	4,000	SH		DFND		0	4,000	0
GOL LINHAS AEREAS INTLG S A	SP ADR REP PFD	38045R107	486	100,000	SH		DFND		0	100,000	0
GOODRICH PETE CORP	COM NEW	382410405	588	37,147	SH		DFND		0	37,147	0
GRIFOLS S A	SP ADR REP B NVT	398438408	240	5,801	SH		DFND		0	5,801	0
HARVEST NATURAL RESOURCES IN	COM	41754V103	1,320	351,110	SH		DFND		0	351,110	0
HCA HOLDINGS INC	COM	40412C101	208	3,964	SH		DFND		0	3,964	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	8	14,900	SH	Call	DFND		0	0	0
HOME FED BANCORP INC MD	COM	43710G105	4,349	279,502	SH		DFND		0	279,502	0
HUDSON CITY BANCORP	COM	443683107	5,762	586,201	SH		DFND		0	586,201	0
IRON MTN INC	COM	462846106	689	25,000	SH		DFND		0	25,000	0
IRON MTN INC	COM	462846106	55	50,000	SH	Put	DFND		0	50,000	0
ISHARES	IBOXX HI YD ETF	464288513	5	50,000	SH	Put	DFND		0	50,000	0
ISHARES	RUSSELL 2000 ETF	464287655	327	129,300	SH	Put	DFND		0	129,300	0
JETPAY CORP	COM	477177109	33	13,330	SH		DFND		0	13,330	0
JOS A BANK CLOTHIERS INC	COM	480838101	30	44,000	SH	Put	DFND		0	44,000	0
JOY GLOBAL INC	COM	481165108	2,134	36,800	SH		DFND		0	36,800	0
KB HOME	COM	48666K109	41	20,000	SH	Put	DFND		0	20,000	0
KB HOME	COM	48666K109	340	20,000	SH		DFND		0	20,000	0
KNOWLES CORP	COM	49926D109	318	10,060	SH		DFND		0	10,060	0
LCA-VISION INC	COM PAR $.001	501803308	965	180,453	SH		DFND		0	180,453	0
LEAPFROG ENTERPRISES INC	CL A	52186N106	562	74,999	SH		DFND		0	74,999	0
LEAPFROG ENTERPRISES INC	CL A	52186N106	30	50,000	SH	Call	DFND		0	0	0
LENNAR CORP	CL A	526057104	396	10,000	SH		DFND		0	10,000	0
LORAL SPACE & COMMUNICATNS I	COM	543881106	1,694	23,952	SH		DFND		0	23,952	0
LORILLARD INC	COM	544147101	4	25,900	SH	Put	DFND		0	25,900	0
LSB INDS INC	COM	502160104	2,054	54,880	SH		DFND		0	54,880	0
LSI CORPORATION	COM	502161102	6,790	613,332	SH		DFND		0	613,332	0
MARTIN MARIETTA MATLS INC	COM	573284106	5,006	39,000	SH		DFND		0	39,000	0
MEADOWBROOK INS GROUP INC	COM	58319P108	1,458	250,000	SH		DFND		0	250,000	0
MERCURY SYS INC	COM	589378108	1,585	120,003	SH		DFND		0	120,003	0
MGM RESORTS INTERNATIONAL	COM	552953101	1,239	47,930	SH		DFND		0	47,930	0
MITEL NETWORKS CORP	COM	60671Q104	450	42,534	SH		DFND		0	42,534	0
MORGANS HOTEL GROUP CO	COM	61748W108	1,020	126,897	SH		DFND		0	126,897	0
MRC GLOBAL INC	COM	55345K103	270	10,000	SH		DFND		0	10,000	0
NATIONAL INTERSTATE CORP	COM	63654U100	8,099	302,083	SH		DFND		0	302,083	0
NEW YORK & CO INC	COM	649295102	1,335	304,017	SH		DFND		0	304,017	0
NICHOLAS FINANCIAL INC	COM NEW	65373J209	393	25,000	SH		DFND		0	25,000	0
NINETOWNS INTERNET TECH GRP	ADR	654407105	249	144,880	SH		DFND		0	144,880	0
NOBLE CORP PLC	SHS USD	G65431101	982	30,000	SH		DFND		0	30,000	0
NOKIA CORP	SPONSORED ADR	654902204	10,858	1,479,268	SH		DFND		0	1,479,268	0
NOKIA CORP	SPONSORED ADR	654902204	246	1,467,000	SH	Put	DFND		0	1,467,000	0
NORDION INC	COM	65563C105	432	37,500	SH		DFND		0	37,500	0
NORTH VALLEY BANCORP	COM NEW	66304M204	605	25,000	SH		DFND		0	25,000	0
NOVAVAX INC	COM	670002104	91	20,000	SH		DFND		0	20,000	0
NTS INC NEV	COM	62943B105	773	400,325	SH		DFND		0	400,325	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	10	166,200	SH	Put	DFND		0	166,200	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	9,711	565,608	SH		DFND		0	565,608	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	143	102,000	SH	Call	DFND		0	0	0
NVIDIA CORP	COM	67066G104	2	15,000	SH	Put	DFND		0	15,000	0
NVIDIA CORP	COM	67066G104	638	35,600	SH		DFND		0	35,600	0
NXP SEMICONDUCTORS N V	COM	N6596X109	1,470	25,000	SH		DFND		0	25,000	0
OMNICOM GROUP INC	COM	681919106	10,268	141,427	SH		DFND		0	141,427	0
PACER INTL INC TENN	COM	69373H106	6,391	713,259	SH		DFND		0	713,259	0
PACTERA TECHNOLOGY INTL LTD	SPONSORED ADR	695255109	2,798	385,900	SH		DFND		0	385,900	0
PENN WEST PETE LTD NEW	COM	707887105	2,126	254,292	SH		DFND		0	254,292	0
PENN WEST PETE LTD NEW	COM	707887105	88	125,000	SH	Call	DFND		0	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	73	75,000	SH	Put	DFND		0	75,000	0
PRIMERO MNG CORP	COM	74164W106	559	77,089	SH		DFND		0	77,089	0
PROSHARES TR	SHRT 20+YR TRE	74347X849	6,071	199,900	SH		DFND		0	199,900	0
QLOGIC CORP	COM	747277101	2,012	157,823	SH		DFND		0	157,823	0
QUANTUM CORP	COM DSSG	747906204	877	718,881	SH		DFND		0	718,881	0
RDA MICROELECTRONICS INC	SPONSORED ADR	749394102	1,858	103,619	SH		DFND		0	103,619	0
REALD INC	COM	75604L105	1,568	140,381	SH		DFND		0	140,381	0
RF MICRODEVICES INC	COM	749941100	1,064	135,027	SH		DFND		0	135,027	0
SCHAWK INC	CL A	806373106	1,036	51,812	SH		DFND		0	51,812	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	26	14,300	SH	Put	DFND		0	14,300	0
SHANDA GAMES LTD	SP ADR REPTG A	81941U105	941	145,067	SH		DFND		0	145,067	0
SILICON MOTION TECHNOLOGY CO	SPONSORED ADR	82706C108	168	10,000	SH		DFND		0	10,000	0
SIRIUS XM HLDGS INC	COM	82968B103	3,933	1,229,036	SH		DFND		0	1,229,036	0
SIZMEK INC	COM	83013P105	957	90,051	SH		DFND		0	90,051	0
SKYWORKS SOLUTIONS INC	COM	83088M102	9	10,000	SH	Put	DFND		0	10,000	0
SKYWORKS SOLUTIONS INC	COM	83088M102	375	10,000	SH		DFND		0	10,000	0
SLM CORP	COM	78442P106	623	25,440	SH		DFND		0	25,440	0
SOLITARIO EXPL & RTY CORP	COM	8342EP107	1,239	975,556	SH		DFND		0	975,556	0
SOTHEBYS	COM	835898107	3,647	83,751	SH		DFND		0	83,751	0
SPDR GOLD TRUST	GOLD SHS	78463V107	2,577	20,847	SH		DFND		0	20,847	0
SPDR GOLD TRUST	GOLD SHS	78463V107	63	20,000	SH	Put	DFND		0	20,000	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,591	19,201	SH		DFND		0	19,201	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	142	76,000	SH	Put	DFND		0	76,000	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	3	12,500	SH	Call	DFND		0	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	1,542	140,419	SH		DFND		0	140,419	0
STARWOOD PPTY TR INC	COM	85571B105	1,025	43,463	SH		DFND		0	43,463	0
SUPERTEX INC	COM	868532102	2,473	75,000	SH		DFND		0	75,000	0
SWS GROUP INC	COM	78503N107	2,261	302,300	SH		DFND		0	302,300	0
SYMANTEC CORP	COM	871503108	969	48,499	SH		DFND		0	48,499	0
SYNERGY PHARMACEUTICALS DEL	COM NEW	871639308	80	15,000	SH		DFND		0	15,000	0
SYNOVUS FINL CORP	COM	87161C105	3,003	885,903	SH		DFND		0	885,903	0
SYNTROLEUM CORP	COM NEW	871630208	964	245,199	SH		DFND		0	245,199	0
SYSCO CORP	COM	871829107	2,087	57,758	SH		DFND		0	57,758	0
TETRAPHASE PHARMACEUTICALS I	COM	88165N105	109	10,000	SH		DFND		0	10,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	6,378	120,703	SH		DFND		0	120,703	0
TIME WARNER CABLE INC	COM	88732J207	22,623	164,916	SH		DFND		0	164,916	0
TITAN INTL INC ILL	COM	88830M102	1,462	77,001	SH		DFND		0	77,001	0
TIVO INC	COM	888706108	4,300	325,002	SH		DFND		0	325,002	0
TIVO INC	COM	888706108	8	50,000	SH	Put	DFND		0	50,000	0
T-MOBILE US INC	COM	872590104	12,501	378,482	SH		DFND		0	378,482	0
T-MOBILE US INC	COM	872590104	69	106,500	SH	Put	DFND		0	106,500	0
TREMOR VIDEO INC	COM	89484Q100	706	171,245	SH		DFND		0	171,245	0
TRI POINTE HOMES INC	COM	87265H109	582	35,865	SH		DFND		0	35,865	0
TRIQUINT SEMICONDUCTOR INC	COM	89674K103	4,944	369,222	SH		DFND		0	369,222	0
TRIQUINT SEMICONDUCTOR INC	COM	89674K103	3	25,900	SH	Put	DFND		0	25,900	0
TRUNKBOW INTL HLDGS LTD	COM	89818A102	567	402,066	SH		DFND		0	402,066	0
UNS ENERGY CORP	COM	903119105	2,961	49,323	SH		DFND		0	49,323	0
VAIL RESORTS INC	COM	91879Q109	4,832	69,328	SH		DFND		0	69,328	0
VALLEY NATL BANCORP	COM	919794107	1,072	103,000	SH		DFND		0	103,000	0
VERIZON COMMUNICATIONS INC	COM	92343V104	913	19,183	SH		DFND		0	19,183	0
VERSO PAPER CORP	COM	92531L108	145	50,000	SH		DFND		0	50,000	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	5,089	138,259	SH		DFND		0	138,259	0
WASHINGTON BKG CO OAK HBR WA	COM	937303105	1,066	59,933	SH		DFND		0	59,933	0
WEATHERFORD INTERNATIONAL LT	REG SHS	H27013103	899	51,809	SH		DFND		0	51,809	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	77	97,600	SH	Put	DFND		0	97,600	0
XYRATEX LTD	COM	G98268108	1,987	150,000	SH		DFND		0	150,000	0
YONGYE INTL INC	COM	98607B106	1,200	176,156	SH		DFND		0	176,156	0
YUME INC	COM	98872B104	1,260	172,398	SH		DFND		0	172,398	0