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
Alphabet Inc Class C Non-voting Common 02079K107 2,609 3,502 SH   DFND   2,609 0 0
BJ's restaurants Ord Shs Common 09180C106 4,012 96,510 SH   DFND   4,012 0 0
Corrections Corp of America 4.125% 04/01/20 Common 22025YAM2 255 250,000 PRN   DFND   255 0 0
Forbes Energy Services Ord Shs Common 345143101 138 293,059 SH   DFND   138 0 0
Ishares iBOXX High Yield Corporate Bond ETF ETF 464288513 15,390 188,400 SH   DFND   15,390 0 0
Ishares Russell 2000 ETF ETF 464287655 25,445 230,000 SH Put DFND   25,445 0 0
Market Vectors Gold Miners ETF ETF 57061R544 1,126 56,400 SH   DFND   1,126 0 0
Oracle ord Shs Common 68389X105 2,414 59,000 SH   DFND   2,414 0 0
SPDR Gold Shares ETF ETF 78463V107 2,779 23,625 SH   DFND   2,779 0 0
SPDR S&P 500 ETF ETF 78462F103 245 1,194 SH   DFND   245 0 0
SPDR S&P 500 ETF ETF 78462F103 86,318 420,000 SH Put DFND   86,318 0 0
Terraform Power Ord Shs Common 88104M101 177 20,500 SH Call DFND   177 0 0
Vanguard Scottsdale Bond Fund ETF 92206C870 487 5,600 SH   DFND   487 0 0
Vereit Ord Shs Common 92339V100 11,531 1,300,000 SH   DFND   11,531 0 0
WalMart Stores Ord Shs Common 931142103 380 5,550 SH   DFND   380 0 0
Yahoo Ord Shs Common 984332106 56,135 1,525,000 SH   DFND   56,135 0 0