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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABACUS GLOBAL MGMT INC *W EXP 06/30/202 00258Y112   213,688 134,395 SH   DFND   134,395 0 0
ADVANCED MICRO DEVICES INC COM 007903107   343,152 3,340 SH   DFND   3,340 0 0
AEVA TECHNOLOGIES INC COM NEW 00835Q202   700,000 100,000 SH Put DFND   100,000 0 0
AEVA TECHNOLOGIES INC COM NEW 00835Q202   123,025 17,575 SH   DFND   17,575 0 0
ALGOMA STL GROUP INC *W EXP 10/19/202 015658115   37,250 100,000 SH   DFND   100,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   872,718 6,600 SH Call DFND   6,600 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   528,920 4,000 SH   DFND   4,000 0 0
ALIGHT INC COM CL A 01626W101   3,221,508 543,256 SH   DFND   543,256 0 0
AMAZON COM INC COM 023135106   437,598 2,300 SH   DFND   2,300 0 0
ARES MANAGEMENT CORPORATION 6.75 SE B PFD 03990B309   964,200 20,000 SH   DFND   20,000 0 0
ARM HOLDINGS PLC SPONSORED ADS 042068205   501,913 4,700 SH   DFND   4,700 0 0
ATI INC COM 01741R102   946,946 18,200 SH   DFND   18,200 0 0
ATLANTA BRAVES HLDGS INC COM SER A 047726104   211,410 4,819 SH   DFND   4,819 0 0
ATLANTA BRAVES HLDGS INC COM SER C 047726302   467,677 11,689 SH   DFND   11,689 0 0
ATLASSIAN CORPORATION CL A 049468101   1,145,934 5,400 SH Call DFND   5,400 0 0
ATMUS FILTRATION TECHNOLOGIE COM 04956D107   2,767,789 75,355 SH   DFND   75,355 0 0
AURORA INNOVATION INC *W EXP 11/03/202 051774115   1,052,306 746,369 SH   DFND   746,369 0 0
AURORA INNOVATION INC CLASS A COM 051774107   672,500 100,000 SH Call DFND   100,000 0 0
AURORA INNOVATION INC CLASS A COM 051774107   4,371,250 650,000 SH Put DFND   650,000 0 0
AZEK CO INC CL A 05478C105   391,120 8,000 SH   DFND   8,000 0 0
BAIDU INC SPON ADR REP A 056752108   644,210 7,000 SH Call DFND   7,000 0 0
BARCLAYS BANK PLC IPATH S&P 500 SH 06748M196   402,238 7,815 SH   DFND   7,815 0 0
BIGBEAR AI HLDGS INC *W EXP 12/08/202 08975B117   33,169 40,450 SH   DFND   40,450 0 0
BOREALIS FOODS INC *W EXP 02/07/202 09973D113   7,700 70,000 SH   DFND   70,000 0 0
BROADCOM INC COM 11135F101   519,033 3,100 SH Call DFND   3,100 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   1,354,625 54,185 SH   DFND   54,185 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107   295,950 15,000 SH   DFND   15,000 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   201,393 10,312 SH   DFND   10,312 0 0
CAVA GROUP INC COM 148929102   755,600 8,000 SH Call DFND   8,000 0 0
COEUR MNG INC COM NEW 192108504   436,304 73,700 SH Call DFND   73,700 0 0
COEUR MNG INC COM NEW 192108504   1,776,000 300,000 SH Put DFND   300,000 0 0
COEUR MNG INC COM NEW 192108504   350,671 59,235 SH   DFND   59,235 0 0
COHERENT CORP COM 19247G107   909,160 14,000 SH   DFND   14,000 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   275,568 1,600 SH   DFND   1,600 0 0
COMPOSECURE INC *W EXP 12/27/202 20459V113   72,420 18,958 SH   DFND   18,958 0 0
CONSTELLIUM SE CL A SHS F21107101   2,205,331 218,566 SH   DFND   218,566 0 0
CORE SCIENTIFIC INC NEW COM 21874A106   506,800 70,000 SH   DFND   70,000 0 0
DATADOG INC CL A COM 23804L103   972,258 9,800 SH Call DFND   9,800 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106   1,159,527 129,701 SH   DFND   129,701 0 0
ELI LILLY & CO COM 532457108   454,251 550 SH   DFND   550 0 0
ENPHASE ENERGY INC NOTE 3/0 29355AAK3   3,405,360 4,000,000 PRN   DFND   4,000,000 0 0
EVERUS CONSTR GROUP COM 300426103   827,218 22,303 SH   DFND   22,303 0 0
FLEX LTD ORD Y2573F102   2,026,249 61,253 SH   DFND   61,253 0 0
FLOWSERVE CORP COM 34354P105   781,440 16,000 SH   DFND   16,000 0 0
FLYWIRE CORPORATION COM VTG 302492103   475,000 50,000 SH Put DFND   50,000 0 0
FLYWIRE CORPORATION COM VTG 302492103   232,475 24,471 SH   DFND   24,471 0 0
GCM GROSVENOR INC *W EXP 11/17/202 36831E116   1,674,809 962,534 SH   DFND   962,534 0 0
GCT SEMICONDUCTOR HLDG INC *W EXP 03/01/202 36170N115   41,485 573,000 SH   DFND   573,000 0 0
GLOBAL BLUE GROUP HOLDING AG *W EXP 08/28/202 H33700115   47,288 2,130,088 SH   DFND   2,130,088 0 0
GLOBUS MED INC CL A 379577208   1,851,667 25,296 SH   DFND   25,296 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101   3,183,027 81,449 SH   DFND   81,449 0 0
HESAI GROUP SPONSORED ADS 428050108   222,000 15,000 SH Put DFND   15,000 0 0
HOLLEY INC *W EXP 11/30/202 43538H111   4,203 84,067 SH   DFND   84,067 0 0
INTEL CORP COM 458140100   1,021,950 45,000 SH Call DFND   45,000 0 0
INTEL CORP COM 458140100   844,608 37,191 SH   DFND   37,191 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   93,784,000 200,000 SH Put DFND   200,000 0 0
IQIYI INC SPONSORED ADS 46267X108   160,686 71,100 SH Call DFND   71,100 0 0
IQIYI INC SPONSORED ADS 46267X108   1,211,812 536,200 SH Put DFND   536,200 0 0
IQIYI INC SPONSORED ADS 46267X108   701,368 310,340 SH   DFND   310,340 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   371,718 7,941 SH   DFND   7,941 0 0
ISHARES TR IBOXX HI YD ETF 464288513   188,531,322 2,389,800 SH Call DFND   2,389,800 0 0
ISHARES TR IBOXX HI YD ETF 464288513   358,144,822 4,539,800 SH Put DFND   4,539,800 0 0
JAMES HARDIE INDS PLC SPONSORED ADR 47030M106   376,960 16,000 SH   DFND   16,000 0 0
JD.COM INC SPON ADS CL A 47215P106   588,016 14,300 SH Call DFND   14,300 0 0
JOBY AVIATION INC COMMON STOCK G65163100   1,204,000 200,000 SH Put DFND   200,000 0 0
JOBY AVIATION INC COMMON STOCK G65163100   630,758 104,777 SH   DFND   104,777 0 0
KBR INC COM 48242W106   2,479,094 49,771 SH   DFND   49,771 0 0
KKR & CO INC 6.25 CON SER D 48251W500   988,000 20,000 SH   DFND   20,000 0 0
LANVIN GROUP HOLDINGS LIMITE *W EXP 01/14/202 G5380J118   14,802 747,561 SH   DFND   747,561 0 0
LIVEWIRE GROUP INC *W EXP 09/26/202 53838J113   5,648 266,430 SH   DFND   266,430 0 0
LUMENTUM HLDGS INC NOTE 0.500% 6/1 55024UAF6   4,593,550 5,000,000 PRN   DFND   5,000,000 0 0
MANCHESTER UTD PLC NEW ORD CL A G5784H106   447,416 34,180 SH   DFND   34,180 0 0
MARA HOLDINGS INC COM 565788106   373,750 32,500 SH Call DFND   32,500 0 0
MARA HOLDINGS INC NOTE 1.000%12/0 565788AB2   5,450,203 6,050,000 PRN   DFND   6,050,000 0 0
MARBLEGATE ACQUISITION CORP *W EXP 08/31/202 56608A113   190,407 1,190,045 SH   DFND   1,190,045 0 0
MARBLEGATE ACQUISITION CORP COM CL A 56608A105   73,596 3,753 SH   DFND   3,753 0 0
MARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 57164YAF4   972,563 1,050,000 PRN   DFND   1,050,000 0 0
META PLATFORMS INC CL A 30303M102   749,268 1,300 SH Call DFND   1,300 0 0
METAL SKY STAR ACQUISITION C *W EXP 03/31/202 G6053N121   1,340 108,948 SH   DFND   108,948 0 0
MICROSTRATEGY INC CL A NEW 594972408   399,542 1,386 SH   DFND   1,386 0 0
MICROSTRATEGY INC SERIES A PERP PF 594972887   3,166,589 37,693 SH   DFND   37,693 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   728,295 34,500 SH Call DFND   34,500 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   403,201 19,100 SH   DFND   19,100 0 0
NET POWER INC *W EXP 06/08/202 64107A113   76,250 250,000 SH   DFND   250,000 0 0
NETFLIX INC COM 64110L106   1,305,542 1,400 SH Call DFND   1,400 0 0
NUVEEN DOW 30 DYNMC OVERWRT SHS 67075F105   1,049,177 72,407 SH   DFND   72,407 0 0
NUVEEN NASDAQ 100 DYNAMIC OV COM SHS 670699107   1,760,968 74,146 SH   DFND   74,146 0 0
NVIDIA CORPORATION COM 67066G104   812,850 7,500 SH Call DFND   7,500 0 0
NVIDIA CORPORATION COM 67066G104   812,850 7,500 SH Put DFND   7,500 0 0
NVIDIA CORPORATION COM 67066G104   1,091,712 10,073 SH   DFND   10,073 0 0
ORACLE CORP COM 68389X105   1,412,081 10,100 SH Call DFND   10,100 0 0
PALANTIR TECHNOLOGIES INC CL A 69608A108   315,150 3,734 SH   DFND   3,734 0 0
PAYSAFE LIMITED SHS G6964L206   235,350 15,000 SH Call DFND   15,000 0 0
PAYSAFE LIMITED SHS G6964L206   392,250 25,000 SH Put DFND   25,000 0 0
PAYSAFE LIMITED SHS G6964L206   194,054 12,368 SH   DFND   12,368 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   710,100 6,000 SH Call DFND   6,000 0 0
PENN ENTERTAINMENT INC COM 707569109   1,380,837 84,662 SH   DFND   84,662 0 0
POWERFLEET INC COM 73931J109   548,155 99,846 SH   DFND   99,846 0 0
RECURSION PHARMACEUTICALS IN CL A 75629V104   529,000 100,000 SH Call DFND   100,000 0 0
RH COM 74967X103   1,031,404 4,400 SH   DFND   4,400 0 0
ROYAL CARIBBEAN GROUP COM V7780T103   212,836 1,036 SH   DFND   1,036 0 0
SALESFORCE INC COM 79466L302   1,127,112 4,200 SH Call DFND   4,200 0 0
SIRIUSXM HOLDINGS INC COMMON STOCK 829933100   889,851 39,470 SH   DFND   39,470 0 0
SNAP INC NOTE 0.125% 3/0 83304AAH9   4,766,725 5,622,000 PRN   DFND   5,622,000 0 0
SNOWFLAKE INC CL A 833445109   1,081,584 7,400 SH Call DFND   7,400 0 0
SOUTHLAND HLDGS INC *W EXP 02/14/202 84445C118   44,079 274,981 SH   DFND   274,981 0 0
SOUTHLAND HLDGS INC COM 84445C100   40,317 13,484 SH   DFND   13,484 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   1,265,069 2,300 SH Call DFND   2,300 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302   360,239 10,521 SH   DFND   10,521 0 0
TD SYNNEX CORPORATION COM 87162W100   1,361,876 13,100 SH   DFND   13,100 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829   939,600 24,254 SH   DFND   24,254 0 0
TESLA INC COM 88160R101   220,286 850 SH   DFND   850 0 0
TIDAL TR II DEF DLY TGT 2X L 88636J253   265,740 10,300 SH Put DFND   10,300 0 0
TIDAL TR II DEF DLY TGT 2X L 88636J253   25,800 1,000 SH   DFND   1,000 0 0
TRAVEL PLUS LEISURE CO COM 894164102   2,665,795 57,589 SH   DFND   57,589 0 0
UNITED RENTALS INC COM 911363109   1,084,191 1,730 SH   DFND   1,730 0 0
UNITED STATES CELLULAR CORP COM 911684108   304,813 4,408 SH   DFND   4,408 0 0
UNITED STATES STL CORP NEW COM 912909108   2,353,882 55,700 SH Call DFND   55,700 0 0
UNITED STATES STL CORP NEW COM 912909108   541,815 12,821 SH   DFND   12,821 0 0
UNITY SOFTWARE INC COM 91332U101   979,500 50,000 SH Call DFND   50,000 0 0
UP FINTECH HLDG LTD SPONSORED ADS 91531W106   343,600 40,000 SH Call DFND   40,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   275,820 6,000 SH   DFND   6,000 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   201,851 5,078 SH   DFND   5,078 0 0
VIRTUS CONVERTIBLE & INC FD COM NEW 92838U801   447,441 38,706 SH   DFND   38,706 0 0
VIRTUS CONVERTIBLE & INCOME COM NEW 92838X805   362,208 28,013 SH   DFND   28,013 0 0
WALMART INC COM 931142103   1,532,700 18,000 SH Call DFND   18,000 0 0
WAYFAIR INC NOTE 1.000% 8/1 94419LAF8   6,381,800 6,800,000 PRN   DFND   6,800,000 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104   1,140,415 129,740 SH   DFND   129,740 0 0
ZOOMINFO TECHNOLOGIES INC COMMON STOCK 98980F104   1,516,940 151,694 SH   DFND   151,694 0 0