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
AERCAP HOLDINGS NV Common N00985106 32,370 750,000 SH   SOLE   750,000 0 0
AETNA INC Common 00817Y108 605 5,600 SH   SOLE   5,600 0 0
ALAMOS GOLD INC-CLASS A Common 011532108 4,765 1,449,402 SH   SOLE   1,449,402 0 0
ALLISON TRANSMISSION HOLDING Common 01973R101 6,990 270,000 SH   SOLE   270,000 0 0
ALPHABET INC-CL A Common 02079K305 4,402 5,658 SH   DFND 1 0 5,658 0
AMAZON.COM INC Common 023135106 511 756 SH   DFND 1 0 756 0
AMERICAN AIRLINES GROUP INC Common 02376R102 555 13,100 SH   SOLE   13,100 0 0
AMERICAN EXPRESS CO Common 025816959 5,564 80,000 SH Put SOLE   80,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 17,370 280,300 SH   SOLE   280,300 0 0
AMKOR TECHNOLOGY INC Common 031652100 777 127,831 SH   SOLE   127,831 0 0
ANADARKO PETROLEUM CORP Common 032511107 628 12,935 SH   SOLE   12,935 0 0
ANTHEM INC Common 036752103 537 3,850 SH   SOLE   3,850 0 0
APACHE CORP Common 037411105 267 6,000 SH   SOLE   6,000 0 0
APPLE INC Common 037833950 6,316 60,000 SH Put SOLE   60,000 0 0
ARC DOCUMENT SOLUTIONS INC Common 00191G103 73 16,556 SH   SOLE   16,556 0 0
ARRIS GROUP INC Common 04270V106 269 8,800 SH   SOLE   8,800 0 0
ASANKO GOLD INC Common 04341Y105 3,993 2,722,646 SH   SOLE   2,722,646 0 0
ASHLAND INC Common 044209954 6,162 60,000 SH Put SOLE   60,000 0 0
AVNET INC Common 053807103 310 7,225 SH   SOLE   7,225 0 0
AXIS CAPITAL HOLDINGS LTD Common G0692U109 233 4,150 SH   SOLE   4,150 0 0
BANK OF AMERICA CORP Common 060505104 318 18,918 SH   SOLE   18,918 0 0
BANK OF AMERICA CORP Warrant 060505153 2,104 125,000 SH   SOLE   125,000 0 0
BARRICK GOLD CORP Common 067901108 3,364 455,861 SH   SOLE   455,861 0 0
BARRICK GOLD CORP Common 067901908 3,690 500,000 SH Call SOLE   500,000 0 0
BLUCORA INC Common 095229100 3,038 310,000 SH   SOLE   310,000 0 0
BP PLC-SPONS ADR Common 055622104 236 7,540 SH   SOLE   7,540 0 0
BROOKDALE SENIOR LIVING INC Common 112463104 203 11,005 SH   SOLE   11,005 0 0
BWP COMMON UNITS Common 096627104 1,630,108 125,586,133 SH   SOLE   125,586,133 0 0
CAMECO CORP Common 13321L108 986 80,000 SH   SOLE   80,000 0 0
CAMECO CORP Common 13321L958 986 80,000 SH Put SOLE   80,000 0 0
CARPENTER TECHNOLOGY INC. Common 144285103 11,434 377,736 SH   SOLE   377,736 0 0
CF INDUSTRIES HOLDINGS INC Common 125269100 7,346 180,000 SH   SOLE   180,000 0 0
CHARTER COMMUNICATION-A Common 16117M955 73,240 400,000 SH Put SOLE   400,000 0 0
CHEVRON CORP Common 166764950 8,996 100,000 SH Put SOLE   100,000 0 0
CIENA CORP Common 171779309 4,138 200,000 SH   SOLE   200,000 0 0
CIENA CORP Common 171779959 4,138 200,000 SH Put SOLE   200,000 0 0
CISCO SYSTEMS INC Common 17275R102 10,726 395,000 SH   SOLE   395,000 0 0
CITIGROUP INC Common 172967424 830 16,033 SH   SOLE   16,033 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 190 120,000 SH   SOLE   120,000 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 158 100,000 SH Put SOLE   100,000 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 1,531 736,000 SH   SOLE   736,000 0 0
CNA FINANCIAL CORP Common 126117100 8,519,751 242,382,673 SH   SOLE   242,382,673 0 0
CNO FINANCIAL GROUP INC Common 12621E103 307 16,100 SH   SOLE   16,100 0 0
COCA-COLA CO/THE Common 191216100 236 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-CLASS A Common 20030N101 5,643 100,000 SH   DFND 1 0 100,000 0
COMSTOCK MINING INC Common 205750102 634 1,584,982 SH   SOLE   1,584,982 0 0
CONSUMER STAPLES SPDR Common 81369Y958 100,980 2,000,000 SH Put SOLE   2,000,000 0 0
COVANTA HOLDING CORP Common 22282E102 265 17,136 SH   SOLE   17,136 0 0
CRAY INC Common 225223304 210 6,482 SH   SOLE   6,482 0 0
CSX CORP Common 126408103 208 8,000 SH   SOLE   8,000 0 0
CSX CORP Common 126408953 2,076 80,000 SH Put SOLE   80,000 0 0
DANA HOLDING CORP Common 235825205 139 10,075 SH   SOLE   10,075 0 0
DELTA AIR LINES INC Common 247361702 736 14,510 SH   SOLE   14,510 0 0
DEVON ENERGY CORP Common 25179M103 330 10,300 SH   SOLE   10,300 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 1,542,812 73,119,047 SH   SOLE   73,119,047 0 0
DISH NETWORK CORP-A Common 25470M109 8,577 150,000 SH   DFND 1 0 150,000 0
DOW CHEMICAL CO/THE Common 260543103 353 6,865 SH   SOLE   6,865 0 0
DU PONT E.I. DE NEMOURS Common 263534109 1,332 20,000 SH   SOLE   20,000 0 0
DU PONT E.I. DE NEMOURS Common 263534959 6,660 100,000 SH Put SOLE   100,000 0 0
EATON CORP PLC Common G29183103 394 7,575 SH   SOLE   7,575 0 0
ENERGY SELECT SECTOR SPDR Common 81369Y506 6,032 100,000 SH   DFND 1 0 100,000 0
ENERGY SELECT SECTOR SPDR Common 81369Y906 9,048 150,000 SH Call DFND 1 0 150,000 0
EXETER RESOURCE CORP Common 301835104 718 2,208,331 SH   SOLE   2,208,331 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 37,586 430,000 SH   SOLE   430,000 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G958 5,245 60,000 SH Put SOLE   60,000 0 0
EXXON MOBIL CORP Common 30231G102 283 3,625 SH   SOLE   3,625 0 0
EZCORP INC-CL A Common 302301106 79 15,738 SH   SOLE   15,738 0 0
FACEBOOK INC-A Common 30303M102 497 4,752 SH   DFND 1 0 4,752 0
FEDEX CORP Common 31428X106 708 4,750 SH   SOLE   4,750 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 196 13,473 SH   SOLE   13,473 0 0
FORD MOTOR CO Common 345370860 210 14,875 SH   SOLE   14,875 0 0
FORD MOTOR CO Common 345370900 49,315 3,500,000 SH Call DFND 1 0 3,500,000 0
FOREST CITY ENTERPRISES-CL A Common 345550107 569 25,948 SH   SOLE   25,948 0 0
FRANKLIN RESOURCES INC Common 354613101 221 6,000 SH   SOLE   6,000 0 0
FREEPORT-MCMORAN INC Common 35671D907 10,155 1,500,000 SH Call DFND 1 0 1,500,000 0
FTI CONSULTING INC Common 302941109 9,601 277,000 SH   SOLE   277,000 0 0
GENERAL ELECTRIC CO Common 369604103 49,840 1,600,000 SH   SOLE   1,600,000 0 0
GENERAL MOTORS CO. Common 37045V100 19,733 580,215 SH   SOLE   580,215 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,388 40,800 SH   SOLE   40,800 0 0
GENERAL MOTORS CO. Common 37045V950 6,802 200,000 SH Put SOLE   200,000 0 0
GENWORTH FINANCIAL INC-CL A Common 37247D106 73 19,500 SH   SOLE   19,500 0 0
GNC HOLDINGS INC-CL A Common 36191G907 10,857 350,000 SH Call DFND 1 0 350,000 0
GOLD FIELDS LTD-SPONS ADR Common 38059T106 2,299 830,133 SH   SOLE   830,133 0 0
GOLDCORP INC Common 380956409 925 80,000 SH   SOLE   80,000 0 0
GOLDCORP INC Common 380956909 2,774 240,000 SH Call SOLE   240,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 491 2,725 SH   SOLE   2,725 0 0
GOVERNMENT PROPERTIES INCOME Common 38376A103 176 11,100 SH   SOLE   11,100 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 255 9,296 SH   SOLE   9,296 0 0
HARLEY-DAVIDSON INC Common 412822958 3,631 80,000 SH Put SOLE   80,000 0 0
HARSCO CORP Common 415864107 86 10,888 SH   SOLE   10,888 0 0
HCA HOLDINGS INC Common 40412C951 5,410 80,000 SH Put SOLE   80,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T955 1,423 100,000 SH Put SOLE   100,000 0 0
HEWLETT PACKARD ENTERPRIS Common 42824C109 268 17,620 SH   SOLE   17,620 0 0
HP INC Common 40434L105 7,394 624,470 SH   SOLE   624,470 0 0
ICONIX BRAND GROUP INC Common 451055107 132 19,328 SH   SOLE   19,328 0 0
INFINERA CORP Common 45667G103 8,516 470,000 SH   SOLE   470,000 0 0
INFINERA CORP Common 45667G903 1,812 100,000 SH Call SOLE   100,000 0 0
INNOSPEC INC Common 45768S105 320 5,900 SH   SOLE   5,900 0 0
ISHARES MSCI EMERGING MARKET Common 464287234 3,219 100,000 SH   DFND 1 0 100,000 0
ISHARES MSCI EMERGING MARKET Common 464287904 16,095 500,000 SH Call DFND 1 0 500,000 0
JIVE SOFTWARE INC Common 47760A108 137 33,673 SH   SOLE   33,673 0 0
JOHNSON & JOHNSON Common 478160104 63,969 622,750 SH   SOLE   622,750 0 0
JOHNSON & JOHNSON Common 478160954 10,272 100,000 SH Put SOLE   100,000 0 0
JPMORGAN CHASE & CO Common 46625H100 874 13,233 SH   SOLE   13,233 0 0
JPMORGAN CHASE & CO Common 46625H950 1,981 30,000 SH Put SOLE   30,000 0 0
KBR INC Common 48242W106 294 17,400 SH   SOLE   17,400 0 0
KEY ENERGY SERVICES INC Common 492914106 13 27,525 SH   SOLE   27,525 0 0
KINDER MORGAN INC Common 49456B101 2,238 150,000 SH   DFND 1 0 150,000 0
KLONDEX MINES LTD Common 498696103 8,174 3,997,780 SH   SOLE   3,997,780 0 0
LAMAR ADVERTISING CO-A Common 512816109 292 4,875 SH   SOLE   4,875 0 0
LAS VEGAS SANDS CORP Common 517834107 2,630 60,000 SH   DFND 1 0 60,000 0
LAS VEGAS SANDS CORP Common 517834957 8,768 200,000 SH Put DFND 1 0 200,000 0
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 16,578 606,800 SH   SOLE   606,800 0 0
LINCOLN NATIONAL CORP Common 534187109 679 13,500 SH   SOLE   13,500 0 0
LKQ CORP Common 501889208 4,593 155,000 SH   SOLE   155,000 0 0
LYONDELLBASELL INDU-CL A Common N53745100 435 5,000 SH   SOLE   5,000 0 0
MAG SILVER CORP Common 55903Q104 1,992 282,123 SH   SOLE   282,123 0 0
MARKET VECTORS GOLD MINERS Common 57060U900 8,918 650,000 SH Call DFND 1 0 650,000 0
MARKET VECTORS JR GOLD MINER Common 57061R544 3,458 180,000 SH   SOLE   180,000 0 0
MARKET VECTORS RETAIL ETF Common 57060U905 3,886 50,000 SH Call SOLE   50,000 0 0
MAXWELL TECHNOLOGIES INC Common 577767106 125 17,511 SH   SOLE   17,511 0 0
METLIFE INC Common 59156R108 438 9,075 SH   SOLE   9,075 0 0
MICROSOFT CORP Common 594918104 21,913 394,964 SH   SOLE   394,964 0 0
MICROSOFT CORP Common 594918954 3,329 60,000 SH Put SOLE   60,000 0 0
MONSANTO CO Common 61166W951 3,941 40,000 SH Put SOLE   40,000 0 0
MORGAN STANLEY Common 617446448 227 7,129 SH   SOLE   7,129 0 0
MSC INDUSTRIAL DIRECT CO-A Common 553530106 3,961 70,400 SH   SOLE   70,400 0 0
NATL PENN BCSHS INC Common 637138108 134 10,850 SH   SOLE   10,850 0 0
NETFLIX INC Common 64110L106 466 4,075 SH   DFND 1 0 4,075 0
NEW SENIOR INVESTMENT GROUP Common 648691103 311 31,562 SH   SOLE   31,562 0 0
NEWMONT MINING CORP Common 651639906 1,799 100,000 SH Call SOLE   100,000 0 0
NEWS CORP - CLASS B Common 65249B208 146 10,460 SH   SOLE   10,460 0 0
NOVAGOLD RESOURCES INC Common 66987E206 55 13,166 SH   SOLE   13,166 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 794 11,748 SH   SOLE   11,748 0 0
OCEAN RIG UDW INC Common Y64354205 36 21,816 SH   SOLE   21,816 0 0
OMNICOM GROUP Common 681919106 236 3,125 SH   SOLE   3,125 0 0
ON SEMICONDUCTOR CORP Common 682189105 317 32,300 SH   SOLE   32,300 0 0
ORACLE CORP Common 68389X105 1,007 27,560 SH   SOLE   27,560 0 0
PAN AMERICAN SILVER CORP Common 697900108 88 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 144 19,615 SH   SOLE   19,615 0 0
PFIZER INC Common 717081103 16,775 519,687 SH   SOLE   519,687 0 0
PHILLIPS 66 Common 718546954 4,908 60,000 SH Put SOLE   60,000 0 0
PMC - SIERRA INC Common 69344F106 1,394 120,000 SH   SOLE   120,000 0 0
PNC FINANCIAL SERVICES GROUP Common 693475105 204 2,139 SH   SOLE   2,139 0 0
PRETIUM RESOURCES INC Common 74139C102 3,619 719,608 SH   SOLE   719,608 0 0
PRIMERO MINING CORP Common 74164W106 623 276,407 SH   SOLE   276,407 0 0
PROSHARES ULTRA VIX ST FUTUR Common 74347W312 4,253 150,000 SH   DFND 1 0 150,000 0
QUALCOMM INC Common 747525103 575 11,500 SH   SOLE   11,500 0 0
QUALCOMM INC Common 747525953 1,999 40,000 SH Put SOLE   40,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 10,818 295,000 SH   SOLE   295,000 0 0
REALOGY HOLDINGS CORP Common 75605Y956 3,667 100,000 SH Put SOLE   100,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 530 6,200 SH   SOLE   6,200 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 382 8,341 SH   SOLE   8,341 0 0
SCHWAB CHARLES CORP Common 808513105 3,293 100,000 SH   SOLE   100,000 0 0
SCHWAB CHARLES CORP Common 808513955 3,293 100,000 SH Put SOLE   100,000 0 0
SILVER STANDARD RESOURCES Common 82823L106 1,728 333,664 SH   SOLE   333,664 0 0
SILVER WHEATON CORP Common 828336107 1,570 126,332 SH   SOLE   126,332 0 0
SPDR GOLD SHARES Common 78463V907 30,438 300,000 SH Call DFND 1 0 300,000 0
STANLEY BLACK & DECKER INC Common 854502101 208 1,950 SH   SOLE   1,950 0 0
STAPLES INC Common 855030102 223 23,523 SH   SOLE   23,523 0 0
STILLWATER MINING CO Common 86074Q102 1,775 207,132 SH   SOLE   207,132 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 191 14,150 SH   SOLE   14,150 0 0
TAKE-TWO INTERACTIVE SOFTWRE Common 874054109 8,710 250,000 SH   SOLE   250,000 0 0
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 221 32,098 SH   SOLE   32,098 0 0
TEREX CORP Common 880779103 228 12,350 SH   SOLE   12,350 0 0
The Walt Disney Co. Common 254687956 4,203 40,000 SH Put SOLE   40,000 0 0
The Walt Disney Co. Common 254687956 5,254 50,000 SH Put DFND 1 0 50,000 0
TIFFANY & CO Common 886547958 6,103 80,000 SH Put SOLE   80,000 0 0
TIME WARNER CABLE Common 88732J207 9,280 50,000 SH   DFND 1 0 50,000 0
TIME WARNER CABLE Common 88732J957 9,280 50,000 SH Put DFND 1 0 50,000 0
TIMMINS GOLD CORP Common 88741P103 180 1,308,915 SH   SOLE   1,308,915 0 0
TRAVELERS COS INC Common 89417E109 446 3,950 SH   SOLE   3,950 0 0
TUPPERWARE BRANDS CORP Common 899896104 205 3,682 SH   SOLE   3,682 0 0
TWITTER INC Common 90184L902 9,256 400,000 SH Call DFND 1 0 400,000 0
UBS GROUP AG-REG Common H42097107 206 10,625 SH   SOLE   10,625 0 0
UNION PACIFIC CORP Common 907818958 6,256 80,000 SH Put SOLE   80,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312106 2,502 26,000 SH   SOLE   26,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 6,736 70,000 SH Put SOLE   70,000 0 0
UNITED TECHNOLOGIES CORP Common 913017959 3,843 40,000 SH Put SOLE   40,000 0 0
VISTA GOLD CORP Common 927926303 491 1,781,485 SH   SOLE   1,781,485 0 0
WAL-MART STORES INC Common 931142103 245 4,000 SH   SOLE   4,000 0 0
WELLS FARGO & CO Common 949746101 11,687 215,000 SH   SOLE   215,000 0 0
WESTERN DIGITAL CORP Common 958102105 19,857 330,680 SH   SOLE   330,680 0 0
WESTERN DIGITAL CORP Common 958102905 3,003 50,000 SH Call SOLE   50,000 0 0
WHOLE FOODS MARKET INC Common 966837956 3,350 100,000 SH Put SOLE   100,000 0 0
WYNN RESORTS LTD Common 983134107 1,038 15,000 SH   DFND 1 0 15,000 0
WYNN RESORTS LTD Common 983134957 24,217 350,000 SH Put DFND 1 0 350,000 0