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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACP HOLDINGS ACQUISITION COR CL A G0113G101   2,847,313 286,450 SH Call DFND 1 0 0 0
ACP HOLDINGS ACQUISITION COR CL A G0113G101   5,750,290 578,500 SH   DFND 1 578,500 0 0
ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 01609WBG6   67,284,262 57,000,000 PRN   DFND 1 57,000,000 0 0
ANGEL STUDIOS INC. CL A COM 034948109   1,192,750 325,000 SH   DFND 1 325,000 0 0
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100   250,349,250 15,775,000 SH Call DFND 1 0 0 0
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100   793,500 50,000 SH   DFND 1 50,000 0 0
BRIDGEBIO PHARMA INC NOTE 1.750% 3/0 10806XAJ1   55,809,559 33,000,000 PRN   DFND 1 33,000,000 0 0
CENTURI HOLDINGS INC COM SHS 155923105   1,265,272 41,841 SH   DFND 1 41,841 0 0
CHEESECAKE FACTORY INC NOTE 2.000% 3/1 163072AC5   15,093,766 11,800,000 PRN   DFND 1 11,800,000 0 0
CLOUDFLARE INC NOTE 6/1 18915MAF4   50,210,337 39,532,000 PRN   DFND 1 39,532,000 0 0
CNFINANCE HLDGS LTD SPONSORED ADS 18979T204   845,783 305,337 SH   DFND 1 305,337 0 0
COLOMBIER ACQUISITION CORP I ORD SHS CL A G2284A103   119,525 11,661 SH Call DFND 1 0 0 0
CYBERARK SOFTWARE LTD NOTE 6/1 23248VAD7   10,489,907 6,300,000 PRN   DFND 1 6,300,000 0 0
GAMESTOP CORP NOTE 6/1 36467WAG4   23,553,151 23,185,000 PRN   DFND 1 23,185,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101   8,382,000 1,270,000 SH Call DFND 1 0 0 0
GUARDANT HEALTH INC DEBT 1.250% 2/1 40131MAD1   85,333,709 33,863,000 PRN   DFND 1 33,863,000 0 0
HUDSON PACIFIC PROPERTIES IN COM 444097406   21,266,000 1,400,000 SH Call DFND 1 0 0 0
INTERPRIVATE INVTS PARTNERS UNIT 05/27/2031 G49097127   1,388,800 140,000 SH   DFND 1 140,000 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   66,080,650 1,985,000 SH Put DFND 1 0 0 0
JETBLUE AIRWAYS CORP NOTE 2.500% 9/0 477143AR2   4,478,748 4,000,000 PRN   DFND 1 4,000,000 0 0
NEWELL BRANDS INC COM 651229106   4,912,000 800,000 SH Call DFND 1 0 0 0
NUVATION BIO INC NOTE 0.750% 7/0 67080NAA9   1,045,532 1,000,000 PRN   DFND 1 1,000,000 0 0
RIVIAN AUTOMOTIVE INC NOTE 3.625%10/1 76954AAD5   12,750,526 11,830,000 PRN   DFND 1 11,830,000 0 0
SNOWFLAKE INC NOTE 10/0 833445AD1   42,993,574 24,300,000 PRN   DFND 1 24,300,000 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103   539,541,325 722,500 SH Put DFND 1 0 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103   75,424 101 SH   DFND 1 101 0 0
TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3   40,524,401 41,081,000 PRN   DFND 1 41,081,000 0 0
VIASAT INC COM 92552V100   49,395,500 550,000 SH Call DFND 1 0 0 0