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
3M CO Common 88579Y951 7,005 40,000 SH Put SOLE   40,000 0 0
AECOM Common 00766T100 202 6,344 SH   SOLE   6,344 0 0
AERCAP HOLDINGS NV Common N00985106 10,749 320,000 SH   SOLE   320,000 0 0
AETNA INC Common 00817Y108 684 5,600 SH   SOLE   5,600 0 0
ALAMOS GOLD INC-CLASS A Common 011532108 7,853 913,634 SH   SOLE   913,634 0 0
ALLISON TRANSMISSION HOLDING Common 01973R101 7,058 250,000 SH   SOLE   250,000 0 0
AMERICAN AIRLINES GROUP INC Common 02376R102 371 13,100 SH   SOLE   13,100 0 0
AMERICAN EXPRESS CO Common 025816109 911 15,000 SH   SOLE   15,000 0 0
AMERICAN EXPRESS CO Common 025816909 911 15,000 SH Call SOLE   15,000 0 0
AMERICAN EXPRESS CO Common 025816959 4,861 80,000 SH Put SOLE   80,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 235 4,450 SH   SOLE   4,450 0 0
AMKOR TECHNOLOGY INC Common 031652100 575 100,000 SH   SOLE   100,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 642 12,050 SH   SOLE   12,050 0 0
ANTHEM INC Common 036752103 506 3,850 SH   SOLE   3,850 0 0
ARC DOCUMENT SOLUTIONS INC Common 00191G103 64 16,556 SH   SOLE   16,556 0 0
ASANKO GOLD INC Common 04341Y105 8,663 2,266,693 SH   SOLE   2,266,693 0 0
AVNET INC Common 053807103 246 6,075 SH   SOLE   6,075 0 0
AXALTA COATING SYSTEMS LTD Common G0750c108 8,224 310,000 SH   SOLE   310,000 0 0
AXIS CAPITAL HOLDINGS LTD Common G0692U109 204 3,700 SH   SOLE   3,700 0 0
BANK OF AMERICA CORP Common 060505104 263 19,818 SH   SOLE   19,818 0 0
BANK OF AMERICA CORP Warrant 060505153 1,659 125,000 SH   SOLE   125,000 0 0
BANK OF NEW YORK MELLON CORP Common 064058950 3,885 100,000 SH Put SOLE   100,000 0 0
BARRICK GOLD CORP Common 067901108 8,937 418,600 SH   SOLE   418,600 0 0
BARRICK GOLD CORP Common 067901908 10,675 500,000 SH Call SOLE   500,000 0 0
BP PLC-SPONS ADR Common 055622104 268 7,540 SH   SOLE   7,540 0 0
BROOKDALE SENIOR LIVING INC Common 112463104 182 11,770 SH   SOLE   11,770 0 0
BWP COMMON UNITS Common 096627104 2,191,478 125,586,133 SH   SOLE   125,586,133 0 0
CALATLANTIC GROUP INC Common 128195104 477 13,000 SH   SOLE   13,000 0 0
CAMECO CORP Common 13321L108 1,316 120,000 SH   SOLE   120,000 0 0
CAMECO CORP Common 13321L958 1,316 120,000 SH Put SOLE   120,000 0 0
CARMAX INC Common 143130102 12,508 255,100 SH   SOLE   255,100 0 0
CARMAX INC Common 143130952 4,903 100,000 SH Put SOLE   100,000 0 0
CENOVUS ENERGY INC Common 15135U109 163 11,775 SH   SOLE   11,775 0 0
CF INDUSTRIES HOLDINGS INC Common 125269100 11,207 465,000 SH   SOLE   465,000 0 0
CHEVRON CORP Common 166764950 10,483 100,000 SH Put SOLE   100,000 0 0
CISCO SYSTEMS INC Common 17275R102 14,345 500,000 SH   SOLE   500,000 0 0
CITIGROUP INC Common 172967424 689 16,258 SH   SOLE   16,258 0 0
CITIGROUP INC Common 172967954 4,239 100,000 SH Put SOLE   100,000 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 680 120,000 SH   SOLE   120,000 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 567 100,000 SH Put SOLE   100,000 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 1,516 736,000 SH   SOLE   736,000 0 0
CNA FINANCIAL CORP Common 126117100 7,624,056 242,649,773 SH   SOLE   242,649,773 0 0
CNO FINANCIAL GROUP INC Common 12621E103 243 13,900 SH   SOLE   13,900 0 0
COCA-COLA CO/THE Common 191216100 249 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-CLASS A Common 20030N101 228 3,500 SH   SOLE   3,500 0 0
COMSTOCK MINING INC Common 205750102 553 1,584,982 SH   SOLE   1,584,982 0 0
CORNING INC Common 219350105 589 28,750 SH   SOLE   28,750 0 0
COVANTA HOLDING CORP Common 22282E102 282 17,136 SH   SOLE   17,136 0 0
CSX CORP Common 126408103 209 8,000 SH   SOLE   8,000 0 0
DELTA AIR LINES INC Common 247361702 529 14,510 SH   SOLE   14,510 0 0
DEVON ENERGY CORP Common 25179M103 373 10,300 SH   SOLE   10,300 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 1,778,986 73,119,047 SH   SOLE   73,119,047 0 0
DOVER CORP Common 260003108 204 2,950 SH   SOLE   2,950 0 0
DOW CHEMICAL CO/THE Common 260543103 356 7,165 SH   SOLE   7,165 0 0
DU PONT E.I. DE NEMOURS Common 263534109 1,296 20,000 SH   SOLE   20,000 0 0
DU PONT E.I. DE NEMOURS Common 263534959 6,480 100,000 SH Put SOLE   100,000 0 0
EATON CORP PLC Common G29183103 452 7,575 SH   SOLE   7,575 0 0
ELI LILLY & CO Common 532457958 3,150 40,000 SH Put SOLE   40,000 0 0
EXETER RESOURCE CORP Common 301835104 3,012 2,388,663 SH   SOLE   2,388,663 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 50,786 670,000 SH   SOLE   670,000 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G958 3,032 40,000 SH Put SOLE   40,000 0 0
EXXON MOBIL CORP Common 30231G102 216 2,300 SH   SOLE   2,300 0 0
EZCORP INC-CL A Common 302301106 119 15,738 SH   SOLE   15,738 0 0
FEDEX CORP Common 31428X106 721 4,750 SH   SOLE   4,750 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 194 14,073 SH   SOLE   14,073 0 0
FORD MOTOR CO Common 345370860 187 14,875 SH   SOLE   14,875 0 0
FRANKLIN RESOURCES INC Common 354613101 231 6,925 SH   SOLE   6,925 0 0
GENERAL ELECTRIC CO Common 369604103 62,960 2,000,000 SH   SOLE   2,000,000 0 0
GENERAL MOTORS CO. Common 37045V100 12,883 455,215 SH   SOLE   455,215 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,155 40,800 SH   SOLE   40,800 0 0
GENERAL MOTORS CO. Common 37045V950 2,830 100,000 SH Put SOLE   100,000 0 0
GOLAR LNG LTD Common G9456A100 162 10,438 SH   SOLE   10,438 0 0
GOLDCORP INC Common 380956409 1,530 80,000 SH   SOLE   80,000 0 0
GOLDCORP INC Common 380956909 4,591 240,000 SH Call SOLE   240,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 435 2,925 SH   SOLE   2,925 0 0
GOVERNMENT PROPERTIES INCOME Common 38376A103 266 11,526 SH   SOLE   11,526 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 270 8,945 SH   SOLE   8,945 0 0
HALLIBURTON CO Common 406216951 4,529 100,000 SH Put SOLE   100,000 0 0
HARSCO CORP Common 415864107 87 13,145 SH   SOLE   13,145 0 0
HCA HOLDINGS INC Common 40412C101 23,103 300,000 SH   SOLE   300,000 0 0
HERC HOLDINGS INC Common 42704L104 145 13,129 SH   SOLE   13,129 0 0
HEWLETT PACKARD ENTERPRIS Common 42824C109 322 17,620 SH   SOLE   17,620 0 0
HP INC Common 40434L105 3,821 304,470 SH   SOLE   304,470 0 0
ICONIX BRAND GROUP INC Common 451055107 144 21,228 SH   SOLE   21,228 0 0
ILLUMINA INC Common 452327959 2,808 20,000 SH Put SOLE   20,000 0 0
INFINERA CORP Common 45667G103 5,076 450,000 SH   SOLE   450,000 0 0
INFINERA CORP Common 45667G953 2,256 200,000 SH Put SOLE   200,000 0 0
INGERSOLL-RAND PLC Common G47791951 2,547 40,000 SH Put SOLE   40,000 0 0
INNOSPEC INC Common 45768S105 248 5,392 SH   SOLE   5,392 0 0
JIVE SOFTWARE INC Common 47760A108 127 33,673 SH   SOLE   33,673 0 0
JOHNSON & JOHNSON Common 478160104 24,506 202,025 SH   SOLE   202,025 0 0
JOHNSON & JOHNSON Common 478160954 12,130 100,000 SH Put SOLE   100,000 0 0
JPMORGAN CHASE & CO Common 46625H100 780 12,558 SH   SOLE   12,558 0 0
JPMORGAN CHASE & CO Common 46625H950 1,864 30,000 SH Put SOLE   30,000 0 0
KBR INC Common 48242W106 330 24,913 SH   SOLE   24,913 0 0
KEY ENERGY SERVICES INC Common 492914106 6 27,525 SH   SOLE   27,525 0 0
KLONDEX MINES LTD Common 498696103 12,667 3,490,780 SH   SOLE   3,490,780 0 0
LAMAR ADVERTISING CO-A Common 512816109 207 3,125 SH   SOLE   3,125 0 0
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 13,066 515,000 SH   SOLE   515,000 0 0
LINCOLN NATIONAL CORP Common 534187109 523 13,500 SH   SOLE   13,500 0 0
LKQ CORP Common 501889208 9,510 300,000 SH   SOLE   300,000 0 0
LYONDELLBASELL INDU-CL A Common N53745100 409 5,500 SH   SOLE   5,500 0 0
MACY'S INC Common 55616P954 2,017 60,000 SH Put SOLE   60,000 0 0
MAG SILVER CORP Common 55903Q104 3,556 282,123 SH   SOLE   282,123 0 0
MICROSOFT CORP Common 594918104 16,396 320,428 SH   SOLE   320,428 0 0
MORGAN STANLEY Common 617446448 231 8,904 SH   SOLE   8,904 0 0
MTS SYSTEMS CORP Common 553777103 12,056 275,000 SH   SOLE   275,000 0 0
MURPHY OIL CORP Common 626717102 349 11,000 SH   SOLE   11,000 0 0
NEW SENIOR INVESTMENT GROUP Common 648691103 337 31,562 SH   SOLE   31,562 0 0
NEWMONT MINING CORP Common 651639906 3,912 100,000 SH Call SOLE   100,000 0 0
NOVAGOLD RESOURCES INC Common 66987E206 81 13,166 SH   SOLE   13,166 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 386 5,108 SH   SOLE   5,108 0 0
OMNICOM GROUP Common 681919106 228 2,800 SH   SOLE   2,800 0 0
ON SEMICONDUCTOR CORP Common 682189105 273 30,975 SH   SOLE   30,975 0 0
ORACLE CORP Common 68389X105 1,097 26,810 SH   SOLE   26,810 0 0
PAN AMERICAN SILVER CORP Common 697900108 222 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 139 19,615 SH   SOLE   19,615 0 0
PFIZER INC Common 717081103 18,298 519,687 SH   SOLE   519,687 0 0
PFIZER INC Common 717081953 3,521 100,000 SH Put SOLE   100,000 0 0
PRETIUM RESOURCES INC Common 74139C102 8,669 774,866 SH   SOLE   774,866 0 0
PRIMERO MINING CORP Common 74164W106 575 276,407 SH   SOLE   276,407 0 0
QUALCOMM INC Common 747525953 2,143 40,000 SH Put SOLE   40,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 15,090 520,000 SH   SOLE   520,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 601 6,200 SH   SOLE   6,200 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 369 6,675 SH   SOLE   6,675 0 0
ROYAL GOLD INC Common 780287108 7,126 98,950 SH   SOLE   98,950 0 0
SCHWAB CHARLES CORP Common 808513105 2,531 100,000 SH   SOLE   100,000 0 0
SCHWAB CHARLES CORP Common 808513955 2,531 100,000 SH Put SOLE   100,000 0 0
SEAGATE TECHNOLOGY Common G7945M107 208 8,525 SH   SOLE   8,525 0 0
SILVER STANDARD RESOURCES Common 82823L106 8,237 634,118 SH   SOLE   634,118 0 0
SOTHEBY'S Common 835898957 2,740 100,000 SH Put SOLE   100,000 0 0
STAPLES INC Common 855030102 203 23,523 SH   SOLE   23,523 0 0
STILLWATER MINING CO Common 86074Q102 2,457 207,132 SH   SOLE   207,132 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 222 12,075 SH   SOLE   12,075 0 0
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 184 61,790 SH   SOLE   61,790 0 0
TEREX CORP Common 880779103 265 13,050 SH   SOLE   13,050 0 0
The Walt Disney Co. Common 254687956 3,913 40,000 SH Put SOLE   40,000 0 0
TIFFANY & CO Common 886547958 3,638 60,000 SH Put SOLE   60,000 0 0
TIMMINS GOLD CORP Common 88741P103 481 1,308,915 SH   SOLE   1,308,915 0 0
TRAVELERS COS INC Common 89417E109 470 3,950 SH   SOLE   3,950 0 0
TRIBUNE MEDIA CO - A Common 896047503 417 10,652 SH   SOLE   10,652 0 0
TUPPERWARE BRANDS CORP Common 899896104 218 3,882 SH   SOLE   3,882 0 0
UBS GROUP AG-REG Common H42097107 138 10,625 SH   SOLE   10,625 0 0
UNION PACIFIC CORP Common 907818958 6,980 80,000 SH Put SOLE   80,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 3,232 30,000 SH Put SOLE   30,000 0 0
UNITED TECHNOLOGIES CORP Common 913017959 4,102 40,000 SH Put SOLE   40,000 0 0
VANECK VECTORS JUNIOR GOLD M Common 92189F791 7,668 180,000 SH   SOLE   180,000 0 0
VIRTUS INVESTMENT PARTNERS Common 92828Q109 205 2,887 SH   SOLE   2,887 0 0
VISTA GOLD CORP Common 927926303 3,420 1,781,485 SH   SOLE   1,781,485 0 0
VORNADO REALTY TRUST Common 929042109 341 3,404 SH   SOLE   3,404 0 0
VOYA FINANCIAL INC Common 929089100 227 9,175 SH   SOLE   9,175 0 0
WALGREENS BOOTS ALLIANCE INC Common 931427108 2,498 30,000 SH   SOLE   30,000 0 0
WALGREENS BOOTS ALLIANCE INC Common 931427958 11,658 140,000 SH Put SOLE   140,000 0 0
WAL-MART STORES INC Common 931142103 210 2,875 SH   SOLE   2,875 0 0
WELLS FARGO & CO Common 949746951 3,786 80,000 SH Put SOLE   80,000 0 0
WESTERN DIGITAL CORP Common 958102105 20,081 424,910 SH   SOLE   424,910 0 0
WESTERN DIGITAL CORP Common 958102905 4,726 100,000 SH Call SOLE   100,000 0 0
WHOLE FOODS MARKET INC Common 966837956 3,202 100,000 SH Put SOLE   100,000 0 0