AFFIRM HLDGS INC COM CL A 00827B106 1284289 28029 SH DFND 1 28029 0 0 ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 01609WBG6 48651785 35000000 PRN DFND 1 35000000 0 0 ALPHABET INC CAP STK CL A 02079K305 1150240 4000 SH DFND 1 4000 0 0 AMAZON COM INC COM 023135106 5206750 25000 SH DFND 1 25000 0 0 ANALOG DEVICES INC COM 032654105 1113490 3500 SH DFND 1 3500 0 0 ARISTA NETWORKS INC COM SHS 040413205 4174520 34000 SH DFND 1 34000 0 0 ASML HLDG NV N Y REGISTRY SHS N07059210 1981245 1500 SH DFND 1 1500 0 0 BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100 41526920 4800800 SH Call DFND 1 0 0 0 BOYD GAMING CORP COM 103304101 1890140 23000 SH DFND 1 23000 0 0 BROADCOM INC COM 11135F101 6809220 22000 SH DFND 1 22000 0 0 CAESARS ENTERTAINMENT INC NE COM 12769G100 1632502 61767 SH DFND 1 61767 0 0 CENTURI HOLDINGS INC COM SHS 155923105 8003540 274000 SH Call DFND 1 0 0 0 CENTURI HOLDINGS INC COM SHS 155923105 18100678 619674 SH DFND 1 619674 0 0 CHARTER COMMUNICATIONS INC CL A 16119P108 65519580 303500 SH Put DFND 1 0 0 0 CNFINANCE HLDGS LTD SPONSORED ADS 18979T204 1193868 305337 SH DFND 1 305337 0 0 COLOMBIER ACQUISITION CORP I UNIT 99/99/9999 G2284A129 1217487 119596 SH DFND 1 119596 0 0 DUTCH BROS INC CL A 26701L100 2127720 42000 SH DFND 1 42000 0 0 ELAUWIT CONNECTION INC COM 28417M109 88950 15000 SH DFND 1 15000 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 13260000 2000000 SH Call DFND 1 0 0 0 HASBRO INC COM 418056107 936000 10000 SH DFND 1 10000 0 0 HOST HOTELS & RESORTS INC COM 44107P104 2969800 155000 SH DFND 1 155000 0 0 HUDSON PACIFIC PROPERTIES IN COM 444097406 8717250 1475000 SH Call DFND 1 0 0 0 HUDSON PACIFIC PROPERTIES IN COM 444097406 595350 100736 SH DFND 1 100736 0 0 IDEA ACQUISITION CORP UNIT 01/06/2031 G4727U126 247681 24993 SH DFND 1 24993 0 0 INTEL CORP COM 458140100 6619500 150000 SH DFND 1 150000 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 2423900 10000 SH DFND 1 10000 0 0 IPG PHOTONICS CORP COM 44980X109 716188 6250 SH DFND 1 6250 0 0 ISHARES TR 20 YR TR BD ETF 464287432 13003500 150000 SH Call DFND 1 0 0 0 ISHARES TR RUSSELL 2000 ETF 464287655 53890400 217300 SH Put DFND 1 0 0 0 KARMAN HLDGS INC CALL 485924104 4803000 60000 SH Put DFND 1 0 0 0 L3HARRIS TECHNOLOGIES INC COM 502431109 6903000 20000 SH Put DFND 1 0 0 0 LAM RESEARCH CORP COM NEW 512807306 2350260 11000 SH DFND 1 11000 0 0 LAS VEGAS SANDS CORP COM 517834107 1874808 34796 SH DFND 1 34796 0 0 LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6 507699 7000000 PRN DFND 1 7000000 0 0 LIFE TIME GROUP HOLDINGS INC COMMON STOCK 53190C102 1885800 70000 SH DFND 1 70000 0 0 LOCKHEED MARTIN CORP PUT 539830109 8763655 14500 SH Put DFND 1 0 0 0 MASTEC INC COM 576323109 36678360 114000 SH Put DFND 1 0 0 0 META PLATFORMS INC CL A 30303M102 2717618 4750 SH DFND 1 4750 0 0 NAVIENT CORPORATION COM 63938C108 12270000 1500000 SH Call DFND 1 0 0 0 NEWELL BRANDS INC PUT 651229106 2744000 800000 SH Call DFND 1 0 0 0 NIO INC NOTE 4.625%10/1 62914VAK2 4070610 4000000 PRN DFND 1 4000000 0 0 NOKIA CORP SPONSORED ADR 654902204 1728600 215000 SH DFND 1 215000 0 0 NORTHROP GRUMMAN CORP COM 666807102 8869120 13000 SH Put DFND 1 0 0 0 OPTIMUM COMMUNICATIONS INC CL A 02156K103 3073099 2363922 SH DFND 1 2363922 0 0 PENN ENTERTAINMENT INC COM 707569109 2855700 190000 SH DFND 1 190000 0 0 PRIMO BRANDS CORPORATION CLASS A COM SHS 741623102 847350 45000 SH DFND 1 45000 0 0 PRIMORIS SVCS CORP COM 74164F103 2174208 15200 SH Put DFND 1 0 0 0 QDRO ACQUISITION CORP UNIT 01/28/2031 G7310E128 992000 100000 SH DFND 1 100000 0 0 QUANTA SVCS INC PUT 74762E102 17898052 32600 SH Put DFND 1 0 0 0 RED ROCK RESORTS INC CL A 75700L108 3468400 65000 SH DFND 1 65000 0 0 ROGERS CORP COM 775133101 1717280 16000 SH DFND 1 16000 0 0 RTX CORPORATION COM 75513E101 9259200 48000 SH Put DFND 1 0 0 0 SEMTECH CORP COM 816850101 2422035 31500 SH DFND 1 31500 0 0 STMICROELECTRONICS N V NY REGISTRY 861012102 1209250 35000 SH DFND 1 35000 0 0 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 4345000 22000 SH DFND 1 22000 0 0 TRAVEL PLUS LEISURE CO COM 894164102 1522180 22000 SH DFND 1 22000 0 0 TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3 10379377 10000000 PRN DFND 1 10000000 0 0 VAIL RESORTS INC COM 91879Q109 2181440 17000 SH DFND 1 17000 0 0 VIASAT INC COM 92552V100 18320000 400000 SH Call DFND 1 0 0 0 VIASAT INC COM 92552V100 12529048 273560 SH DFND 1 273560 0 0 WYNDHAM HOTELS & RESORTS INC COM 98311A105 3330430 41000 SH DFND 1 41000 0 0