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
ALLY FINL INC COM 02005N100   2,046,240 52,200 SH Put DFND 1 52,200 0 0
ALLY FINL INC COM 02005N100   305,760 7,800 SH Put SOLE   7,800 0 0
ARK ETF TR INNOVATION ETF 00214Q104   2,355,990 27,300 SH Put SOLE   27,300 0 0
ARK ETF TR INNOVATION ETF 00214Q104   15,767,010 182,700 SH Put DFND 1 182,700 0 0
COGNYTE SOFTWARE LTD ORD SHS M25133105   3,288,600 391,500 SH Call DFND 1 391,500 0 0
COGNYTE SOFTWARE LTD ORD SHS M25133105   491,400 58,500 SH Call SOLE   58,500 0 0
COGNYTE SOFTWARE LTD ORD SHS M25133105   49,593,541 5,903,993 SH   DFND 1 5,903,993 0 0
COGNYTE SOFTWARE LTD ORD SHS M25133105   7,627,082 907,986 SH   SOLE   907,986 0 0
EXCHANGE TRADED CONCEPTS TRU BITWISE CRYPTO 301505624   1,744,872 69,600 SH Put DFND 1 69,600 0 0
EXCHANGE TRADED CONCEPTS TRU BITWISE CRYPTO 301505624   260,728 10,400 SH Put SOLE   10,400 0 0
FREQUENCY ELECTRS INC COM 358010106   9,206,701 271,504 SH   SOLE   271,504 0 0
FREQUENCY ELECTRS INC COM 358010106   54,334,196 1,602,306 SH   DFND 1 1,602,306 0 0
GENTHERM INC COM 37253A103   3,061,415 89,883 SH   DFND 1 89,883 0 0
GENTHERM INC COM 37253A103   457,494 13,432 SH   SOLE   13,432 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   78,288,248 130,400 SH Put DFND 1 130,400 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   11,767,252 19,600 SH Put SOLE   19,600 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   422,500 6,500 SH Put SOLE   6,500 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101   2,827,500 43,500 SH Put DFND 1 43,500 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   403,000 13,000 SH Put SOLE   13,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   2,697,000 87,000 SH Put DFND 1 87,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   13,193,375 162,500 SH Put SOLE   162,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   42,101,040 174,000 SH Put DFND 1 174,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   6,290,960 26,000 SH Put SOLE   26,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   88,294,125 1,087,500 SH Put DFND 1 1,087,500 0 0
MAGNITE INC COM 55955D100   40,101,075 1,841,188 SH   DFND 1 1,841,188 0 0
MAGNITE INC COM 55955D100   5,862,784 269,182 SH   SOLE   269,182 0 0
MARCHEX INC CL B 56624R108   23,913,306 13,239,567 SH   DFND 1 13,239,567 0 0
MARCHEX INC CL B 56624R108   2,573,497 1,424,813 SH   SOLE   1,424,813 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   1,528,215 19,500 SH Put SOLE   19,500 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   4,672,980 19,500 SH Put SOLE   19,500 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   31,273,020 130,500 SH Put DFND 1 130,500 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   10,227,285 130,500 SH Put DFND 1 130,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   7,461,216 11,200 SH Put SOLE   11,200 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   49,830,264 74,800 SH Put DFND 1 74,800 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714   672,204 7,800 SH Put SOLE   7,800 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698   5,507,100 87,000 SH Put DFND 1 87,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698   822,900 13,000 SH Put SOLE   13,000 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714   4,498,596 52,200 SH Put DFND 1 52,200 0 0