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
1ST UNITED BANCORP INC FLA	COM	33740N105	4,280	496,490	SH		DFND		0	496,490	0
ADVANCED MICRO DEVICES INC	COM	007903107	733	175,000	SH		DFND		0	175,000	0
ADVANCED MICRO DEVICES INC	COM	007903107	77	174,200	SH	Put	DFND		0	174,200	0
AGNICO EAGLE MINES LTD	COM	008474108	456	11,900	SH		DFND		0	11,900	0
ALLERGAN INC	COM	018490102	43,793	258,793	SH		DFND		0	258,793	0
ALLERGAN INC	COM	018490102	334	257,100	SH	Put	DFND		0	257,100	0
ALLY FINL INC	COM	02005N100	8,037	336,127	SH		DFND		0	336,127	0
AMER RLTY CAP HEALTHCAR TR I	COM	02917R108	2,468	226,615	SH		DFND		0	226,615	0
AMERICAN AIRLS GROUP INC	COM	02376R102	847	19,707	SH		DFND		0	19,707	0
AMERICAN APPAREL INC	COM	023850100	90	100,000	SH		DFND		0	100,000	0
AMERICAN CAPITAL AGENCY CORP	COM	02503X105	1	10,400	SH	Put	DFND		0	10,400	0
ANADARKO PETE CORP	COM	032511107	3,122	28,517	SH		DFND		0	28,517	0
ANADARKO PETE CORP	COM	032511107	30	24,300	SH	Call	DFND		0	24,300	0
ANNALY CAP MGMT INC	COM	035710409	3	26,000	SH	Put	DFND		0	26,000	0
ASPEN INSURANCE HOLDINGS LTD	SHS	G05384105	3,805	83,776	SH		DFND		0	83,776	0
ASTORIA FINL CORP	COM	046265104	1,236	91,896	SH		DFND		0	91,896	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	46,942	631,700	SH		DFND		0	631,700	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	2,496	1,047,800	SH	Put	DFND		0	1,047,800	0
AUTONAVI HLDGS LTD	SPONSORED ADR	05330F106	1,291	61,768	SH		DFND		0	61,768	0
B/E AEROSPACE INC	COM	073302101	5,383	58,200	SH		DFND		0	58,200	0
BARRICK GOLD CORP	COM	067901108	2,603	142,223	SH		DFND		0	142,223	0
BGC PARTNERS INC	CL A	05541T101	7,457	1,002,252	SH		DFND		0	1,002,252	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	594	49,200	SH		DFND		0	49,200	0
BIODELIVERY SCIENCES INTL IN	COM	09060J106	13	49,200	SH	Put	DFND		0	49,200	0
BLACKBERRY LTD	COM	09228F103	504	49,189	SH		DFND		0	49,189	0
BLOCK H & R INC	COM	093671105	4,220	125,908	SH		DFND		0	125,908	0
BRINKS CO	COM	109696104	2,762	97,880	SH		DFND		0	97,880	0
BROADCOM CORP	CL A	111320107	2,921	78,683	SH		DFND		0	78,683	0
BRUKER CORP	COM	116794108	3,439	141,689	SH		DFND		0	141,689	0
BRUKER CORP	COM	116794108	2	41,300	SH	Put	DFND		0	41,300	0
CASCADE BANCORP	COM NEW	147154207	1,015	194,849	SH		DFND		0	194,849	0
CBS CORP NEW	CL B	124857202	30,262	487,000	SH		DFND		0	487,000	0
CBS CORP NEW	CL B	124857202	8,815	487,000	SH	Put	DFND		0	487,000	0
CHARM COMMUNICATIONS INC	ADR SHS CL A	16112R101	450	100,000	SH		DFND		0	100,000	0
CHINA HYDROELECTRIC CORP	SPONSORED ADR	16949D101	1,463	425,538	SH		DFND		0	425,538	0
CHINDEX INTERNATIONAL INC	COM	169467107	1,343	56,696	SH		DFND		0	56,696	0
COMPUWARE CORP	COM	205638109	5,041	504,650	SH		DFND		0	504,650	0
CONAGRA FOODS INC	COM	205887102	7,357	247,863	SH		DFND		0	247,863	0
CONMED CORP	COM	207410101	19,581	443,507	SH		DFND		0	443,507	0
CONNECTONE BANCORP INC	COM	20786U101	328	6,580	SH		DFND		0	6,580	0
DEAN FOODS CO NEW	COM NEW	242370203	3	25,200	SH	Put	DFND		0	25,200	0
DIGITAL CINEMA DESTINATIONS	CL A COM	25383B109	145	24,194	SH		DFND		0	24,194	0
DIRECTV	COM	25490A309	8,529	100,331	SH		DFND		0	100,331	0
DISH NETWORK CORP	CL A	25470M109	131	88,500	SH	Call	DFND		0	88,500	0
DISH NETWORK CORP	CL A	25470M109	5	29,300	SH	Put	DFND		0	29,300	0
DISH NETWORK CORP	CL A	25470M109	9,207	141,466	SH		DFND		0	141,466	0
DONNELLEY R R & SONS CO	COM	257867101	2,763	162,892	SH		DFND		0	162,892	0
FOREST LABS INC	COM	345838106	23,949	241,906	SH		DFND		0	241,906	0
FOREST LABS INC	COM	345838106	26	75,400	SH	Put	DFND		0	75,400	0
FOSTER WHEELER AG	COM	H27178104	5,977	175,438	SH		DFND		0	175,438	0
FUSION-IO INC	COM	36112J107	3,853	340,987	SH		DFND		0	340,987	0
GIANT INTERACTIVE GROUP INC	ADR	374511103	2,368	200,000	SH		DFND		0	200,000	0
GLOBALSTAR INC	COM	378973408	1,601	376,630	SH		DFND		0	376,630	0
HARVEST NATURAL RESOURCES IN	COM	41754V103	495	99,206	SH		DFND		0	99,206	0
HASTINGS ENTMT INC	COM	418365102	211	71,548	SH		DFND		0	71,548	0
HILLSHIRE BRANDS CO	COM	432589109	9,984	160,252	SH		DFND		0	160,252	0
HILLSHIRE BRANDS CO	COM	432589109	1	25,000	SH	Put	DFND		0	25,000	0
HITTITE MICROWAVE CORP	COM	43365Y104	7,620	97,750	SH		DFND		0	97,750	0
HUDSON CITY BANCORP	COM	443683107	4,981	506,728	SH		DFND		0	506,728	0
IDENIX PHARMACEUTICALS INC	COM	45166R204	558	23,172	SH		DFND		0	23,172	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	20	16,500	SH	Put	DFND		0	16,500	0
INTERNATIONAL GAME TECHNOLOG	COM	459902102	3,182	200,000	SH		DFND		0	200,000	0
INTERNATIONAL GAME TECHNOLOG	COM	459902102	40	50,000	SH	Put	DFND		0	50,000	0
ISHARES	CHINA LG-CAP ETF	464287184	20	64,300	SH	Put	DFND		0	64,300	0
ISHARES	RUSSELL 2000 ETF	464287655	8	70	SH		DFND		0	70	0
ISHARES	RUSSELL 2000 ETF	464287655	172	97,400	SH	Put	DFND		0	97,400	0
JETPAY CORP	COM	477177109	28	13,330	SH		DFND		0	13,330	0
JOS A BANK CLOTHIERS INC	COM	480838101	0	42,500	SH	Put	DFND		0	42,500	0
LORAL SPACE & COMMUNICATNS I	COM	543881106	4,890	67,274	SH		DFND		0	67,274	0
LSB FINL CORP	COM	501925101	1,140	27,209	SH		DFND		0	27,209	0
LULULEMON ATHLETICA INC	COM	550021109	986	24,356	SH		DFND		0	24,356	0
MARTIN MARIETTA MATLS INC	COM	573284106	5,610	42,487	SH		DFND		0	42,487	0
MEAD JOHNSON NUTRITION CO	COM	582839106	3,628	38,940	SH		DFND		0	38,940	0
MEADOWBROOK INS GROUP INC	COM	58319P108	6,832	950,253	SH		DFND		0	950,253	0
MEASUREMENT SPECIALTIES INC	COM	583421102	4,193	48,712	SH		DFND		0	48,712	0
MEDALLION FINL CORP	COM	583928106	935	75,000	SH		DFND		0	75,000	0
MEDTRONIC INC	COM	585055106	6,322	99,159	SH		DFND		0	99,159	0
MGM RESORTS INTERNATIONAL	COM	552953101	1,584	60,000	SH		DFND		0	60,000	0
MICROS SYS INC	COM	594901100	7,276	107,164	SH		DFND		0	107,164	0
MICROS SYS INC	COM	594901100	2	49,000	SH	Put	DFND		0	49,000	0
MORGANS HOTEL GROUP CO	COM	61748W108	1,171	147,676	SH		DFND		0	147,676	0
MULTIMEDIA GAMES HLDG CO INC	COM	625453105	2,896	97,704	SH		DFND		0	97,704	0
NATIONAL INTERSTATE CORP	COM	63654U100	11,789	420,753	SH		DFND		0	420,753	0
NEW YORK & CO INC	COM	649295102	932	252,680	SH		DFND		0	252,680	0
NEWCASTLE INVT CORP	COM	65105M108	5,707	1,191,482	SH		DFND		0	1,191,482	0
NEWMONT MINING CORP	COM	651639106	7,807	306,885	SH		DFND		0	306,885	0
NOKIA CORP	SPONSORED ADR	654902204	7,689	1,017,010	SH		DFND		0	1,017,010	0
NORTH VALLEY BANCORP	COM NEW	66304M204	2,109	96,801	SH		DFND		0	96,801	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	7,310	389,467	SH		DFND		0	389,467	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	62	236,600	SH	Call	DFND		0	236,600	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	39	305,600	SH	Put	DFND		0	305,600	0
NVIDIA CORP	COM	67066G104	2,299	124,000	SH		DFND		0	124,000	0
OBA FINL SVCS INC	COM	67424G101	7,949	355,344	SH		DFND		0	355,344	0
OMNIAMERICAN BANCORP INC	COM	68216R107	13,450	537,986	SH		DFND		0	537,986	0
OPENTABLE INC	COM	68372A104	5,047	48,712	SH		DFND		0	48,712	0
OVERSTOCK COM INC DEL	COM	690370101	1,577	100,000	SH		DFND		0	100,000	0
PLX TECHNOLOGY INC	COM	693417107	788	121,779	SH		DFND		0	121,779	0
PROSHARES TR	SHRT 20+YR TRE	74347X849	5,757	199,900	SH		DFND		0	199,900	0
PROTECTIVE LIFE CORP	COM	743674103	10,857	156,594	SH		DFND		0	156,594	0
QUANTUM CORP	COM DSSG	747906204	602	493,046	SH		DFND		0	493,046	0
RDA MICROELECTRONICS INC	SPONSORED ADR	749394102	1,976	115,492	SH		DFND		0	115,492	0
REYNOLDS AMERICAN INC	COM	761713106	1,765	29,242	SH		DFND		0	29,242	0
REYNOLDS AMERICAN INC	COM	761713106	3	29,600	SH	Put	DFND		0	29,600	0
RF MICRODEVICES INC	COM	749941100	370	38,567	SH		DFND		0	38,567	0
SAFEWAY INC	COM NEW	786514208	862	25,114	SH		DFND		0	25,114	0
SCHAWK INC	CL A	806373106	1,811	88,934	SH		DFND		0	88,934	0
SHANDA GAMES LTD	SP ADR REPTG A	81941U105	1,234	185,772	SH		DFND		0	185,772	0
SHIRE PLC	SPONSORED ADR	82481R106	4,399	18,681	SH		DFND		0	18,681	0
SHIRE PLC	SPONSORED ADR	82481R106	3	10,000	SH	Put	DFND		0	10,000	0
SIGMA DESIGNS INC	COM	826565103	1,476	322,213	SH		DFND		0	322,213	0
SIZMEK INC	COM	83013P105	789	82,762	SH		DFND		0	82,762	0
SMITH & NEPHEW PLC	SPDN ADR NEW	83175M205	7,981	89,396	SH		DFND		0	89,396	0
SOLITARIO EXPL & RTY CORP	COM	8342EP107	1,404	1,063,639	SH		DFND		0	1,063,639	0
SP BANCORP INC	COM	78468K106	2,539	87,933	SH		DFND		0	87,933	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	431	2,200	SH		DFND		0	2,200	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	219	182,700	SH	Put	DFND		0	182,700	0
SYNOVUS FINL CORP	COM NEW	87161C501	1,157	47,469	SH		DFND		0	47,469	0
SYSCO CORP	COM	871829107	2,430	64,890	SH		DFND		0	64,890	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,568	48,982	SH		DFND		0	48,982	0
TF FINL CORP	COM	872391107	1,424	33,296	SH		DFND		0	33,296	0
TIBCO SOFTWARE INC	COM	88632Q103	2,948	146,134	SH		DFND		0	146,134	0
TIBCO SOFTWARE INC	COM	88632Q103	19	126,300	SH	Put	DFND		0	126,300	0
TIME WARNER CABLE INC	COM	88732J207	24,261	164,704	SH		DFND		0	164,704	0
TIVO INC	COM	888706108	3,365	260,686	SH		DFND		0	260,686	0
T-MOBILE US INC	COM	872590104	12,975	385,924	SH		DFND		0	385,924	0
T-MOBILE US INC	COM	872590104	204	595,000	SH	Call	DFND		0	595,000	0
T-MOBILE US INC	COM	872590104	4	39,400	SH	Put	DFND		0	39,400	0
TRIQUINT SEMICONDUCTOR INC	COM	89674K103	1,468	92,857	SH		DFND		0	92,857	0
UNS ENERGY CORP	COM	903119105	3,075	50,904	SH		DFND		0	50,904	0
VAIL RESORTS INC	COM	91879Q109	2,409	31,209	SH		DFND		0	31,209	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	245	97,000	SH	Call	DFND		0	97,000	0
WEB COM GROUP INC	COM	94733A104	1,942	67,279	SH		DFND		0	67,279	0
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	26,162	447,742	SH		DFND		0	447,742	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	136	259,200	SH	Put	DFND		0	259,200	0
YADKIN FINL CORP	COM	984305102	1,106	58,680	SH		DFND		0	58,680	0
YONGYE INTL INC	COM	98607B106	604	86,128	SH		DFND		0	86,128	0
ZAGG INC	COM	98884U108	1,900	349,999	SH		DFND		0	349,999	0