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
22ND CENTURY GROUP INC Equity 90137F509   165,978 98,212 SH   DFND   98,212 0 0
Ads-Tec Energy PLC Equity G0085J117   3,667,836 305,653 SH   DFND   305,653 0 0
Ads-Tec Energy PLC Warrant G0085J109   10,963,704 913,642 SH   DFND   913,642 0 0
AdvisorShares Pure US Cannabis ETF Option 00768Y453   11,989,849 2,503,100 SH Call DFND   2,503,100 0 0
Algonquin Power & Utilities Corp Equity 015857105   5,910,920 1,100,000 SH   DFND   1,100,000 0 0
Alibaba Group Holding Ltd ADR 01609W102   1,429,840 8,000 SH   DFND   8,000 0 0
AMAZON.COM, INC. Equity 023135106   842,929 3,839 SH   DFND   3,839 0 0
American Exceptionalism Acquisition Corp A Equity G0273J101   6,012,593 550,100 SH   DFND   550,100 0 0
AppLovin Corp Option 03831W108   25,508,170 35,500 SH Put DFND   35,500 0 0
ARGAN INC Equity 04010E109   5,401,000 20,000 SH   DFND   20,000 0 0
ARK Innovation ETF Option 00214Q104   8,630,000 100,000 SH Put DFND   100,000 0 0
Arqit Quantum Inc Warrant G0567U119   205,375 5,300 SH   DFND   5,300 0 0
ArriVent Biopharma Inc Equity 04272N102   1,842,915 99,887 SH   DFND   99,887 0 0
Berkshire Hathaway Inc Equity 084670702   809,914 1,611 SH   DFND   1,611 0 0
Boxlight Corp Equity 103197307   802,458 332,970 SH   DFND   332,970 0 0
Brera Holdings PLC Equity G13311116   66,666,660 2,222,222 SH   DFND   2,222,222 0 0
Broadcom Inc Equity 11135F101   3,134,145 9,500 SH   DFND   9,500 0 0
Brookdale Senior Living Inc Option 112463104   4,827,900 570,000 SH Call DFND   570,000 0 0
Brookdale Senior Living Inc Equity 112463104   4,582,710 541,052 SH   DFND   541,052 0 0
Bullfrog AI Holdings Inc Warrant 12021E109   113,050 80,750 SH   DFND   80,750 0 0
CAE Inc Equity 124765108   4,588,757 155,000 SH   DFND   155,000 0 0
Cantor Equity Partners III Inc Equity G1828A108   11,668,845 1,130,702 SH   DFND   1,130,702 0 0
Cardlytics Inc Option 14161W105   1,364,445 561,500 SH Call DFND   561,500 0 0
Chewy Inc Equity 16679L109   1,415,750 35,000 SH   DFND   35,000 0 0
Churchill Capital Corp X Equity G2130T108   2,360,697 183,569 SH   DFND   183,569 0 0
Clear Channel Outdoor Holdings Inc Equity 18453H106   28,816,557 18,238,327 SH   DFND   18,238,327 0 0
Coeur Mining Inc Equity 192108504   2,814,000 150,000 SH   DFND   150,000 0 0
Constellation Energy Corp Equity 21037T109   3,290,700 10,000 SH   DFND   10,000 0 0
Coreweave Inc Equity 21873S108   684,250 5,000 SH   DFND   5,000 0 0
Costco Wholesale Corp Equity 22160K105   710,884 768 SH   DFND   768 0 0
Datavault AI Inc Equity 86633R609   3,217,865 2,952,170 SH   DFND   2,952,170 0 0
Dave Inc Warrant 23834J110   378,765 1,900 SH   DFND   1,900 0 0
DDC Enterprise Ltd Equity G276AC119   548,233 64,498 SH   DFND   64,498 0 0
DocuSign Inc Equity 256163106   10,813,500 150,000 SH   DFND   150,000 0 0
Eaton Corp PLC Equity G29183103   935,625 2,500 SH   DFND   2,500 0 0
Edible Garden AG Inc Warrant 28059P113   90,500 50,000 SH   DFND   50,000 0 0
Eightco Holdings Inc Equity 22890A302   75,205,479 8,219,178 SH   DFND   8,219,178 0 0
Empery Digital Inc Equity 92864V608   27,971,783 3,719,652 SH   DFND   3,719,652 0 0
Equinox Gold Corp Option 29446Y502   2,805,000 250,000 SH Call DFND   250,000 0 0
FGI Industries Ltd Warrant G3302D111   4,431,126 740,991 SH   DFND   740,991 0 0
Five9 Inc Equity 338307101   37,129,382 1,534,272 SH   DFND   1,534,272 0 0
Forward Industries Inc Equity 349862409   6,910,829 270,271 SH   DFND   270,271 0 0
FutureCrest Acquisition Corp Equity Unit G3730U123   25,970,000 2,450,000 SH   DFND   2,450,000 0 0
Galiano Gold Inc Equity 36352H100   653,017 300,000 SH   DFND   300,000 0 0
Globalstar Inc Equity 378973507   5,458,500 150,000 SH   DFND   150,000 0 0
Gold Royalty Corp Warrant 38071H122   7,631,220 1,977,000 SH   DFND   1,977,000 0 0
Hub Cyber Security Ltd Warrant M6000J127   19,923 10,113 SH   DFND   10,113 0 0
i-80 Gold Corp Warrant 44955L155   2,784,064 2,913,847 SH   DFND   2,913,847 0 0
IAMGOLD Corp Option 450913108   3,879,000 300,000 SH Call DFND   300,000 0 0
Invesco QQQ Trust Series 1 Option 46090E103   27,617,020 46,000 SH Put DFND   46,000 0 0
iShares MSCI Canada ETF Option 464286509   25,275,000 500,000 SH Put DFND   500,000 0 0
iShares Russell 2000 ETF Option 464287655   6,049,000 25,000 SH Call DFND   25,000 0 0
iShares U.S. Real Estate ETF Option 464287739   32,376,180 333,500 SH Put DFND   333,500 0 0
iShares U.S. Real Estate ETF Option 464287739   7,950,852 81,900 SH Call DFND   81,900 0 0
JAKKS Pacific Inc Equity 47012E403   2,369,008 126,482 SH   DFND   126,482 0 0
Jiuzi Holdings Inc Equity G51400136   263,494 616,216 SH   DFND   616,216 0 0
Kartoon Studios Inc Equity 37229T509   1,312,270 1,778,384 SH   DFND   1,778,384 0 0
Kite Realty Group Trust Equity 49803T300   2,007,000 90,000 SH   DFND   90,000 0 0
Lamb Weston Holdings Inc Equity 513272104   6,341,581 109,187 SH   DFND   109,187 0 0
Laser Photonics Corp Equity 51807Q100   1,776,095 412,087 SH   DFND   412,087 0 0
Lionsgate Studios Corp Equity 53626N102   48,393,812 7,013,596 SH   DFND   7,013,596 0 0
LM Funding America Inc Equity 502074503   1,608,301 1,410,790 SH   DFND   1,410,790 0 0
LOVESAC CO/THE Equity 54738L109   17,703,108 1,045,665 SH   DFND   1,045,665 0 0
Markel Group Inc Equity 570535104   791,303 414 SH   DFND   414 0 0
Match Group Inc Equity 57667L107   48,490,086 1,372,879 SH   DFND   1,372,879 0 0
Medicus Pharma Ltd Warrant 58471K111   98,156 42,400 SH   DFND   42,400 0 0
Mount Logan Capital Inc Equity 62188E103   2,598,695 333,166 SH   DFND   333,166 0 0
Mr Cooper Group Inc Equity 62482R107   3,372,640 16,000 SH   DFND   16,000 0 0
MYRIAD GENETICS INC Equity 62855J104   3,646,682 504,382 SH   DFND   504,382 0 0
NRX Pharmaceuticals Inc Equity 629444209   6,682,843 2,025,104 SH   DFND   2,025,104 0 0
NVIDIA CORP Equity 67066G104   42,892,876 229,890 SH   DFND   229,890 0 0
Occidental Petroleum Corp Equity 674599105   4,725,000 100,000 SH   DFND   100,000 0 0
OmniAb Inc Warrant 68218J111   18,933 11,833 SH   DFND   11,833 0 0
Onfolio Holdings Inc Warrant 68277K124   228,000 200,000 SH   DFND   200,000 0 0
OR Royalties Inc Option 68390D106   2,003,592 50,000 SH Call DFND   50,000 0 0
Osisko Development Corp Equity 68828E809   24,241,080 7,150,761 SH   DFND   7,150,761 0 0
Purple Innovation Inc Equity 74640Y106   280,260 300,000 SH   DFND   300,000 0 0
QMMM Holdings Ltd Equity G7309R114   17,574,008 147,186 SH   DFND   147,186 0 0
Quantum Computing Inc Equity 74766W108   98,925,307 5,373,455 SH   DFND   5,373,455 0 0
Rail Vision Ltd Warrant M8186D114   97,141 226,120 SH   DFND   226,120 0 0
Riskified Ltd Equity M8216R109   1,256,543 268,492 SH   DFND   268,492 0 0
Rogers Communications Inc Equity 775109200   1,720,905 50,000 SH   DFND   50,000 0 0
SELLAS Life Sciences Group Inc Equity 81642T209   9,713,030 6,032,938 SH   DFND   6,032,938 0 0
SharkNinja Inc Equity G8068L108   1,805,125 17,500 SH   DFND   17,500 0 0
Silo Pharma Inc Equity 82711P201   657,143 952,381 SH   DFND   952,381 0 0
Solaris Resources Inc Equity 83419D201   955,621 149,800 SH   DFND   149,800 0 0
Soleno Therapeutics Inc Option 834203309   8,788,000 130,000 SH Call DFND   130,000 0 0
SPDR S&P Regional Banking ETF Option 78464A698   6,330,000 100,000 SH Call DFND   100,000 0 0
Spero Therapeutics Inc Equity 84833T103   3,014,710 1,603,569 SH   DFND   1,603,569 0 0
Strive Inc Equity 862945102   88,125,000 35,250,000 SH   DFND   35,250,000 0 0
Super Group SGHC Ltd Equity G8588X103   3,300,000 250,000 SH   DFND   250,000 0 0
Tapestry Inc Equity 876030107   5,094,900 45,000 SH   DFND   45,000 0 0
Taysha Gene Therapies Inc Equity 877619106   1,973,445 603,500 SH   DFND   603,500 0 0
Teck Resources Ltd Option 878742204   4,389,000 100,000 SH Put DFND   100,000 0 0
TESLA, INC. Equity 88160R101   8,506,159 19,127 SH   DFND   19,127 0 0
Texas Ventures Acquisition III Corp Warrant G8772L113   9,103,500 850,000 SH   DFND   850,000 0 0
Texas Ventures Acquisition III Corp Equity G8772L105   23,561,379 2,199,942 SH   DFND   2,199,942 0 0
Trip.com Group Ltd ADR 89677Q107   752,000 10,000 SH   DFND   10,000 0 0
UMH Properties Inc Equity 903002103   1,485,000 100,000 SH   DFND   100,000 0 0
Upstart Holdings Inc Equity 91680M107   397,713 7,829 SH   DFND   7,829 0 0
US Global Jets ETF Option 26922A842   4,930,000 200,000 SH Put DFND   200,000 0 0
UWM Holdings Corp Option 91823B109   3,092,502 507,800 SH Call DFND   507,800 0 0
VanEck Gold Miners ETF/USA Option 92189F106   7,640,000 100,000 SH Put DFND   100,000 0 0
Veris Residential Inc Equity 554489104   3,052,175 200,801 SH   DFND   200,801 0 0
Vertiv Holdings Co Equity 92537N108   4,148,650 27,500 SH   DFND   27,500 0 0
Vistra Corp Equity 92840M102   2,938,800 15,000 SH   DFND   15,000 0 0
West Fraser Timber Co Ltd Equity 952845105   679,670 10,000 SH   DFND   10,000 0 0
Wolfspeed Inc Equity 97785W106   1,235,348 43,194 SH   DFND   43,194 0 0
XBP Global Holdings Inc Warrant 98400V119   10,117 12,537 SH   DFND   12,537 0 0
XTI Aerospace Inc Equity 98423K405   1,939,940 1,319,687 SH   DFND   1,319,687 0 0
Yorkville Acquisition Corp Warrant G98659124   1,608,029 150,847 SH   DFND   150,847 0 0
Yorkville Acquisition Corp Equity G98659116   15,693,119 1,472,150 SH   DFND   1,472,150 0 0