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
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
3D SYSTEMS CORP Common 88554D955 781 40,000 SH Put SOLE   40,000 0 0
Abbott Laboratories Common 002824100 200 4,075 SH   SOLE   4,075 0 0
AECOM Common 00766T100 209 6,319 SH   SOLE   6,319 0 0
AERCAP HOLDINGS NV Common N00985106 46,706 1,020,000 SH   SOLE   1,020,000 0 0
AETNA INC Common 00817Y108 828 6,500 SH   SOLE   6,500 0 0
ALAMOS GOLD INC Common 011527108 913 160,585 SH   SOLE   160,585 0 0
ALLERGAN PLC Common G0177J108 15,173 50,000 SH   SOLE   50,000 0 0
AMERICAN AIRLINES GROUP INC Common 02376R102 599 15,000 SH   SOLE   15,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 28,147 455,300 SH   SOLE   455,300 0 0
AMKOR TECHNOLOGY INC Common 031652100 897 150,000 SH   SOLE   150,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 812 10,400 SH   SOLE   10,400 0 0
ANTHEM INC Common 036752103 722 4,400 SH   SOLE   4,400 0 0
APACHE CORP Common 037411105 398 6,900 SH   SOLE   6,900 0 0
APPLE INC Common 037833900 50,170 400,000 SH Call DFND 1 0 400,000 0
APPLE INC Common 037833950 7,526 60,000 SH Put SOLE   60,000 0 0
ARRIS GROUP INC Common 04270V106 269 8,800 SH   SOLE   8,800 0 0
ASANKO GOLD INC Common 04341Y105 4,795 2,722,646 SH   SOLE   2,722,646 0 0
ASHLAND INC Common 044209954 7,314 60,000 SH Put SOLE   60,000 0 0
AURICO GOLD INC Common 05155C105 960 337,897 SH   SOLE   337,897 0 0
AVNET INC Common 053807103 384 9,350 SH   SOLE   9,350 0 0
AXIS CAPITAL HOLDINGS LTD Common G0692U109 251 4,700 SH   SOLE   4,700 0 0
BANK OF AMERICA CORP Common 060505104 322 18,918 SH   SOLE   18,918 0 0
BANK OF AMERICA CORP Warrant 060505153 2,128 125,000 SH   SOLE   125,000 0 0
BARRICK GOLD CORP Common 067901108 4,735 444,206 SH   SOLE   444,206 0 0
BARRICK GOLD CORP Common 067901908 3,198 300,000 SH Call SOLE   300,000 0 0
BAXTER INTERNATIONAL INC Common 071813109 247 3,525 SH   SOLE   3,525 0 0
BED BATH & BEYOND INC Common 075896100 304 4,400 SH   SOLE   4,400 0 0
BLUCORA INC Common 095229100 8,222 509,100 SH   SOLE   509,100 0 0
BOEING CO. Common 097023105 250 1,800 SH   SOLE   1,800 0 0
BP PLC-SPONS ADR Common 055622104 325 8,140 SH   SOLE   8,140 0 0
BROOKDALE SENIOR LIVING INC Common 112463104 231 6,670 SH   SOLE   6,670 0 0
BOARDWALK PIPELINE COMMON UNITS Common 096627104 1,823,511 125,586,133 SH   SOLE   125,586,133 0 0
CABLEVISION SYSTEMS-NY GRP-A Common 12686C909 2,394 100,000 SH Call DFND 1 0 100,000 0
CAMECO CORP Common 13321L108 1,142 80,000 SH   SOLE   80,000 0 0
CAMECO CORP Common 13321L958 1,142 80,000 SH Put SOLE   80,000 0 0
CARPENTER TECHNOLOGY INC. Common 144285103 233 6,036 SH   SOLE   6,036 0 0
CIENA CORP Common 171779309 7,104 300,000 SH   SOLE   300,000 0 0
CIENA CORP Common 171779959 4,736 200,000 SH Put SOLE   200,000 0 0
CIGNA CORP Common 125509109 292 1,800 SH   SOLE   1,800 0 0
CISCO SYSTEMS INC Common 17275R102 10,847 395,000 SH   SOLE   395,000 0 0
CITIGROUP INC Common 172967424 927 16,788 SH   SOLE   16,788 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 520 120,000 SH   SOLE   120,000 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 433 100,000 SH Put SOLE   100,000 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 7,394 1,586,600 SH   SOLE   1,586,600 0 0
CNA FINANCIAL CORP Common 126117100 9,261,442 242,382,673 SH   SOLE   242,382,673 0 0
CNO FINANCIAL GROUP INC Common 12621E103 451 24,600 SH   SOLE   24,600 0 0
COCA-COLA CO/THE Common 191216100 215 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-CLASS A Common 20030N101 6,014 100,000 SH   DFND 1 0 100,000 0
COMCAST CORP-SPECIAL CL A Common 20030N200 240 4,000 SH   SOLE   4,000 0 0
COMSTOCK MINING INC Common 205750102 178 304,225 SH   SOLE   304,225 0 0
CONSTELLATION BRANDS INC-A Common 21036P108 3,481 30,000 SH   SOLE   30,000 0 0
COVANTA HOLDING CORP Common 22282E102 583 27,500 SH   SOLE   27,500 0 0
DELTA AIR LINES INC Common 247361702 757 18,420 SH   SOLE   18,420 0 0
DEVON ENERGY CORP Common 25179M103 702 11,800 SH   SOLE   11,800 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 1,881,249 72,888,374 SH   SOLE   72,888,374 0 0
DISH NETWORK CORP-A Common 25470M109 13,542 200,000 SH   DFND 1 0 200,000 0
DOW CHEMICAL CO/THE Common 260543103 446 8,720 SH   SOLE   8,720 0 0
EATON CORP PLC Common G29183103 599 8,870 SH   SOLE   8,870 0 0
ENERGY XXI LTD Common G10082140 33 12,626 SH   SOLE   12,626 0 0
EXETER RESOURCE CORP Common 301835104 826 1,719,989 SH   SOLE   1,719,989 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 44,470 500,000 SH   SOLE   500,000 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G958 5,336 60,000 SH Put SOLE   60,000 0 0
EZCORP INC-CL A Common 302301106 117 15,738 SH   SOLE   15,738 0 0
FEDEX CORP Common 31428X106 937 5,500 SH   SOLE   5,500 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 211 13,473 SH   SOLE   13,473 0 0
FORD MOTOR CO Common 345370860 223 14,875 SH   SOLE   14,875 0 0
FOREST CITY ENTERPRISES-CL A Common 345550107 401 18,133 SH   SOLE   18,133 0 0
FRANKLIN RESOURCES INC Common 354613101 234 4,775 SH   SOLE   4,775 0 0
FTI CONSULTING INC Common 302941109 8,124 197,000 SH   SOLE   197,000 0 0
FUELCELL ENERGY INC Common 35952H106 72 73,452 SH   SOLE   73,452 0 0
GENERAL ELECTRIC CO Common 369604103 18,599 700,000 SH   SOLE   700,000 0 0
GENERAL MOTORS CO. Common 37045V100 11,931 357,955 SH   SOLE   357,955 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,360 40,800 SH   SOLE   40,800 0 0
GENERAL MOTORS CO. Common 37045V950 3,333 100,000 SH Put SOLE   100,000 0 0
GENWORTH FINANCIAL INC-CL A Common 37247D106 148 19,500 SH   SOLE   19,500 0 0
GNC HOLDINGS INC-CL A Common 36191G107 2,224 50,000 SH   DFND 1 0 50,000 0
GOLAR LNG LTD Common G9456A100 310 6,618 SH   SOLE   6,618 0 0
GOLD FIELDS LTD-SPONS ADR Common 38059T106 2,681 830,133 SH   SOLE   830,133 0 0
GOLDCORP INC Common 380956409 1,296 80,000 SH   SOLE   80,000 0 0
GOLDCORP INC Common 380956909 3,888 240,000 SH Call SOLE   240,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 611 2,925 SH   SOLE   2,925 0 0
GOOGLE INC-CL A Common 38259P508 13,501 25,000 SH   DFND 1 0 25,000 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 276 8,096 SH   SOLE   8,096 0 0
HARLEY-DAVIDSON INC Common 412822958 4,508 80,000 SH Put SOLE   80,000 0 0
HCA HOLDINGS INC Common 40412C101 1,814 20,000 SH   SOLE   20,000 0 0
HCA HOLDINGS INC Common 40412C951 7,258 80,000 SH Put SOLE   80,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T105 202 11,175 SH   SOLE   11,175 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T955 1,812 100,000 SH Put SOLE   100,000 0 0
HEWLETT-PACKARD CO Common 428236103 12,588 419,470 SH   SOLE   419,470 0 0
INFINERA CORP Common 45667G103 10,070 480,000 SH   SOLE   480,000 0 0
INNOSPEC INC Common 45768S105 302 6,700 SH   SOLE   6,700 0 0
INTL BUSINESS MACHINES CORP Common 459200101 293 1,800 SH   SOLE   1,800 0 0
JIVE SOFTWARE INC Common 47760A108 177 33,673 SH   SOLE   33,673 0 0
JPMORGAN CHASE & CO Common 46625H100 16,231 239,533 SH   SOLE   239,533 0 0
JPMORGAN CHASE & CO Common 46625H950 2,033 30,000 SH Put SOLE   30,000 0 0
KBR INC Common 48242W106 337 17,300 SH   SOLE   17,300 0 0
KRATOS DEFENSE & SECURITY Common 50077B207 67 10,700 SH   SOLE   10,700 0 0
LAMAR ADVERTISING CO-A Common 512816109 280 4,875 SH   SOLE   4,875 0 0
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 15,729 566,800 SH   SOLE   566,800 0 0
LINCOLN NATIONAL CORP Common 534187109 918 15,500 SH   SOLE   15,500 0 0
LYONDELLBASELL INDU-CL A Common N53745100 300 2,900 SH   SOLE   2,900 0 0
MAG SILVER CORP Common 55903Q104 2,211 282,123 SH   SOLE   282,123 0 0
MARKET VECTORS JR GOLD MINER Common 57061R544 4,347 180,000 SH   SOLE   180,000 0 0
MAXWELL TECHNOLOGIES INC Common 577767106 77 12,821 SH   SOLE   12,821 0 0
METLIFE INC Common 59156R108 545 9,725 SH   SOLE   9,725 0 0
MICROSOFT CORP Common 594918104 24,192 547,939 SH   SOLE   547,939 0 0
MICROSOFT CORP Common 594918954 2,649 60,000 SH Put SOLE   60,000 0 0
MONSANTO CO Common 61166W951 4,264 40,000 SH Put SOLE   40,000 0 0
MORGAN STANLEY Common 617446448 277 7,129 SH   SOLE   7,129 0 0
NATL PENN BCSHS INC Common 637138108 122 10,850 SH   SOLE   10,850 0 0
NEW SENIOR INVESTMENT GROUP Common 648691103 422 31,562 SH   SOLE   31,562 0 0
NEWMONT MINING CORP Common 651639906 2,336 100,000 SH Call SOLE   100,000 0 0
NEWS CORP - CLASS A Common 65249B109 292 19,995 SH   SOLE   19,995 0 0
NEWS CORP - CLASS B Common 65249B208 149 10,460 SH   SOLE   10,460 0 0
NORDIC AMERICAN TANKERS LTD Common G65773106 190 13,381 SH   SOLE   13,381 0 0
NOVAGOLD RESOURCES INC Common 66987E206 90 26,333 SH   SOLE   26,333 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 999 12,848 SH   SOLE   12,848 0 0
OCEAN RIG UDW INC Common Y64354205 112 21,816 SH   SOLE   21,816 0 0
OMNICOM GROUP Common 681919106 217 3,125 SH   SOLE   3,125 0 0
ON SEMICONDUCTOR CORP Common 682189105 325 27,825 SH   SOLE   27,825 0 0
ORACLE CORP Common 68389X105 11,272 279,710 SH   SOLE   279,710 0 0
PAN AMERICAN SILVER CORP Common 697900108 116 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 142 19,715 SH   SOLE   19,715 0 0
PFIZER INC Common 717081103 19,160 571,432 SH   SOLE   571,432 0 0
PHILLIPS 66 Common 718546954 4,834 60,000 SH Put SOLE   60,000 0 0
PMC - SIERRA INC Common 69344F106 1,984 231,788 SH   SOLE   231,788 0 0
PNC FINANCIAL SERVICES GROUP Common 693475105 205 2,139 SH   SOLE   2,139 0 0
PRETIUM RESOURCES INC Common 74139C102 3,900 719,608 SH   SOLE   719,608 0 0
PRIMERO MINING CORP Common 74164W106 1,077 276,407 SH   SOLE   276,407 0 0
QUALCOMM INC Common 747525953 2,505 40,000 SH Put SOLE   40,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 9,344 200,000 SH   SOLE   200,000 0 0
REALOGY HOLDINGS CORP Common 75605Y956 4,672 100,000 SH Put SOLE   100,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 674 7,100 SH   SOLE   7,100 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 238 4,180 SH   SOLE   4,180 0 0
RUBICON MINERALS CORP Common 780911103 1,357 1,304,317 SH   SOLE   1,304,317 0 0
SCHWAB CHARLES CORP Common 808513105 3,592 110,000 SH   SOLE   110,000 0 0
SCHWAB CHARLES CORP Common 808513955 3,265 100,000 SH Put SOLE   100,000 0 0
SILVER STANDARD RESOURCES Common 82823L106 1,700 270,664 SH   SOLE   270,664 0 0
SILVER WHEATON CORP Common 828336107 2,189 126,332 SH   SOLE   126,332 0 0
SPDR S&P METALS & MINING ETF Common 78464A905 12,165 500,000 SH Call DFND 1 0 500,000 0
STANLEY BLACK & DECKER INC Common 854502101 205 1,950 SH   SOLE   1,950 0 0
STAPLES INC Common 855030102 313 20,455 SH   SOLE   20,455 0 0
STILLWATER MINING CO Common 86074Q102 2,401 207,132 SH   SOLE   207,132 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 245 11,650 SH   SOLE   11,650 0 0
TAKE-TWO INTERACTIVE SOFTWRE Common 874054109 5,597 203,000 SH   SOLE   203,000 0 0
TECK RESOURCES LTD-CLS B Common 878742204 115 11,620 SH   SOLE   11,620 0 0
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 159 23,998 SH   SOLE   23,998 0 0
TEREX CORP Common 880779103 269 11,575 SH   SOLE   11,575 0 0
The Walt Disney Co. Common 254687956 4,566 40,000 SH Put SOLE   40,000 0 0
TIFFANY & CO Common 886547958 7,344 80,000 SH Put SOLE   80,000 0 0
TIME WARNER CABLE Common 88732J207 15,144 85,000 SH   DFND 1 0 85,000 0
TIMMINS GOLD CORP Common 88741P103 733 1,308,915 SH   SOLE   1,308,915 0 0
TRAVELERS COS INC Common 89417E109 440 4,550 SH   SOLE   4,550 0 0
TRIBUNE MEDIA CO - A Common 896047503 230 4,300 SH   SOLE   4,300 0 0
TWITTER INC Common 90184L102 14,488 400,000 SH   DFND 1 0 400,000 0
TWITTER INC Common 90184L952 14,488 400,000 SH Put DFND 1 0 400,000 0
UBS GROUP AG-REG Common H42097107 225 10,625 SH   SOLE   10,625 0 0
UNITED PARCEL SERVICE-CL B Common 911312106 2,907 30,000 SH   SOLE   30,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 3,876 40,000 SH Put SOLE   40,000 0 0
VIACOM INC-CLASS B Common 92553P201 3,232 50,000 SH   DFND 1 0 50,000 0
VISTA GOLD CORP Common 927926303 588 1,781,485 SH   SOLE   1,781,485 0 0
VOYA FINANCIAL INC Common 929089100 286 6,150 SH   SOLE   6,150 0 0
WAL-MART STORES INC Common 931142103 220 3,100 SH   SOLE   3,100 0 0
WELLS FARGO & CO Common 949746101 12,654 225,000 SH   SOLE   225,000 0 0
WESTERN DIGITAL CORP Common 958102105 15,684 200,000 SH   SOLE   200,000 0 0
YAMANA GOLD INC Common 98462Y100 609 202,445 SH   SOLE   202,445 0 0