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
3D SYSTEMS CORP Common 88554D955 2,392 40,000 SH Put SOLE   40,000 0 0
Abbott Laboratories Common 002824100 263 6,425 SH   SOLE   6,425 0 0
AERCAP HOLDINGS NV Common N00985106 13,740 300,000 SH   SOLE   300,000 0 0
AETNA INC Common 00817Y108 746 9,200 SH   SOLE   9,200 0 0
AGNICO-EAGLE MINES LTD Common 008474908 5,362 140,000 SH Call SOLE   140,000 0 0
AGNICO-EAGLE MINES LTD Common 008474958 3,830 100,000 SH Put SOLE   100,000 0 0
ALLISON TRANSMISSION HOLDING Common 01973R101 7,775 250,000 SH   DFND 1 0 250,000 0
AMERICAN AIRLINES GROUP INC Common 02376R102 644 15,000 SH   SOLE   15,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 11,751 215,300 SH   SOLE   215,300 0 0
AMERICAN INTERNATIONAL GROUP Common 026874904 19,103 350,000 SH Call SOLE   350,000 0 0
AMKOR TECHNOLOGY INC Common 031652100 1,789 160,000 SH   SOLE   160,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 1,488 13,591 SH   SOLE   13,591 0 0
APACHE CORP Common 037411105 380 3,780 SH   SOLE   3,780 0 0
ARC DOCUMENT SOLUTIONS INC Common 00191G103 68 11,631 SH   SOLE   11,631 0 0
ARRIS GROUP INC Common 04270V106 241 7,400 SH   SOLE   7,400 0 0
ASANKO GOLD INC Common 04341Y105 2,579 989,593 SH   SOLE   989,593 0 0
ASHLAND INC Common 044209104 17,942 165,000 SH   SOLE   165,000 0 0
ASHLAND INC Common 044209954 6,524 60,000 SH Put SOLE   60,000 0 0
AURICO GOLD INC Common 05155C105 1,003 235,545 SH   SOLE   235,545 0 0
AVNET INC Common 053807103 361 8,150 SH   SOLE   8,150 0 0
BAKER HUGHES INC Common 057224107 208 2,800 SH   SOLE   2,800 0 0
BANK OF AMERICA CORP Common 060505104 216 14,068 SH   SOLE   14,068 0 0
BANK OF AMERICA CORP Warrant 060505153 1,921 125,000 SH   SOLE   125,000 0 0
BARRICK GOLD CORP Common 067901108 2,277 124,436 SH   SOLE   124,436 0 0
BARRICK GOLD CORP Common 067901108 10,980 600,000 SH   DFND 1 0 600,000 0
BARRICK GOLD CORP Common 067901908 3,660 200,000 SH Call SOLE   200,000 0 0
BARRICK GOLD CORP Common 067901908 47,580 2,600,000 SH Call DFND 1 0 2,600,000 0
BARRICK GOLD CORP Common 067901958 3,660 200,000 SH Put SOLE   200,000 0 0
BECTON DICKINSON AND CO Common 075887109 207 1,750 SH   SOLE   1,750 0 0
BED BATH & BEYOND INC Common 075896100 13,771 240,000 SH   SOLE   240,000 0 0
BLACKBERRY LTD Common 09228F903 25,600 2,500,000 SH Call DFND 1 0 2,500,000 0
BOEING CO. Common 097023105 229 1,800 SH   SOLE   1,800 0 0
BOEING CO. Common 097023955 5,089 40,000 SH Put SOLE   40,000 0 0
BP PLC-SPONS ADR Common 055622104 429 8,140 SH   SOLE   8,140 0 0
BROADCOM CORP-CL A Common 111320107 1,485 40,000 SH   SOLE   40,000 0 0
BROADCOM CORP-CL A Common 111320957 2,970 80,000 SH Put SOLE   80,000 0 0
BROCADE COMMUNICATIONS SYS Common 111621306 184 20,000 SH   SOLE   20,000 0 0
BOARDWALK PIPELINE COMMON UNITS Common 096627104 2,323,343 125,586,133 SH   SOLE   125,586,133 0 0
CAL DIVE INTERNATIONAL INC Common 12802T101 91 68,728 SH   SOLE   68,728 0 0
CAMECO CORP Common 13321L108 784 40,000 SH   SOLE   40,000 0 0
CAMECO CORP Common 13321L958 784 40,000 SH Put SOLE   40,000 0 0
CARPENTER TECHNOLOGY INC. Common 144285103 224 3,536 SH   SOLE   3,536 0 0
CF INDUSTRIES HOLDINGS INC Common 125269100 13,157 54,700 SH   SOLE   54,700 0 0
CHARTER COMMUNICATION-A Common 16117M305 27,717 175,000 SH   DFND 1 0 175,000 0
CHICO'S FAS INC Common 168615902 3,392 200,000 SH Call DFND 1 0 200,000 0
CIENA CORP Common 171779309 3,466 160,000 SH   SOLE   160,000 0 0
CIENA CORP Common 171779959 4,332 200,000 SH Put SOLE   200,000 0 0
CIGNA CORP Common 125509109 304 3,300 SH   SOLE   3,300 0 0
CISCO SYSTEMS INC Common 17275R102 15,531 625,000 SH   SOLE   625,000 0 0
CITIGROUP INC Common 172967424 787 16,713 SH   SOLE   16,713 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 677 44,960 SH   SOLE   44,960 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 1,505 100,000 SH Put SOLE   100,000 0 0
CNA FINANCIAL CORP Common 126117100 9,797,108 242,382,673 SH   SOLE   242,382,673 0 0
CNO FINANCIAL GROUP INC Common 12621E103 509 28,600 SH   SOLE   28,600 0 0
COCA-COLA CO/THE Common 191216100 232 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-CLASS A Common 20030N101 5,368 100,000 SH   DFND 1 0 100,000 0
COMCAST CORP-SPECIAL CL A Common 20030N200 213 4,000 SH   SOLE   4,000 0 0
COMSTOCK MINING INC Common 205750102 305 182,625 SH   SOLE   182,625 0 0
CONSTELLATION BRANDS INC-A Common 21036P108 14,982 170,000 SH   SOLE   170,000 0 0
COVANTA HOLDING CORP Common 22282E102 640 31,040 SH   SOLE   31,040 0 0
DANA HOLDING CORP Common 235825205 13,431 550,000 SH   DFND 1 0 550,000 0
DEERE & CO Common 244199105 552 6,100 SH   SOLE   6,100 0 0
DELTA AIR LINES INC Common 247361702 880 22,725 SH   SOLE   22,725 0 0
DENBURY RESOURCES INC Common 247916208 600 32,500 SH   SOLE   32,500 0 0
DEVON ENERGY CORPORATION Common 25179M103 476 6,000 SH   SOLE   6,000 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 3,479,292 70,104,620 SH   SOLE   70,104,620 0 0
DRESSER-RAND GROUP INC Common 261608103 240 3,765 SH   SOLE   3,765 0 0
DU PONT E.I. DE NEMOURS Common 263534109 2,618 40,000 SH   SOLE   40,000 0 0
DU PONT E.I. DE NEMOURS Common 263534959 6,544 100,000 SH Put SOLE   100,000 0 0
EATON CORP PLC Common 278058102 380 4,928 SH   SOLE   4,928 0 0
ENSCO PLC-CL A Common G3157S106 617 11,100 SH   SOLE   11,100 0 0
EXETER RESOURCE CORP Common 301835104 452 642,545 SH   SOLE   642,545 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 66,210 955,000 SH   SOLE   955,000 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 8,666 125,000 SH   DFND 1 0 125,000 0
EXXON MOBIL CORP Common 30231G102 214 2,125 SH   SOLE   2,125 0 0
EZCORP INC-CL A Common 302301106 164 14,238 SH   SOLE   14,238 0 0
FEDEX CORP Common 31428X106 1,060 7,000 SH   SOLE   7,000 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 145 12,200 SH   SOLE   12,200 0 0
FORD MOTOR CO Common 345370900 172,400 10,000,000 SH Call DFND 1 0 10,000,000 0
FOREST CITY ENTERPRISES-CL A Common 345550107 357 17,973 SH   SOLE   17,973 0 0
GENERAL MOTORS CO. Common 37045V100 24,151 665,305 SH   SOLE   665,305 0 0
GENERAL MOTORS CO. Common 37045V100 12,705 350,000 SH   DFND 1 0 350,000 0
GENERAL MOTORS CO. Warrant 37045V118 202 5,552 SH   SOLE   5,552 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,481 40,800 SH   SOLE   40,800 0 0
GENTIVA HEALTH SERVICES Common 37247A102 341 22,617 SH   SOLE   22,617 0 0
GILDAN ACTIVEWEAR INC Common 375916103 7,356 125,000 SH   DFND 1 0 125,000 0
GLOBAL CASH ACCESS HOLDINGS Common 378967103 115 12,954 SH   SOLE   12,954 0 0
GOLD FIELDS LTD-SPONS ADR Common 38059T106 1,500 403,104 SH   SOLE   403,104 0 0
GOLDCORP INC Common 380956409 1,675 60,000 SH   SOLE   60,000 0 0
GOLDCORP INC Common 380956959 3,349 120,000 SH Put SOLE   120,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 260 1,550 SH   SOLE   1,550 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 301 8,096 SH   SOLE   8,096 0 0
HCA HOLDINGS INC Common 40412C101 1,128 20,000 SH   SOLE   20,000 0 0
HCA HOLDINGS INC Common 40412C951 4,510 80,000 SH Put SOLE   80,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T105 220 7,864 SH   SOLE   7,864 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T955 2,803 100,000 SH Put SOLE   100,000 0 0
HEWLETT-PACKARD CO Common 428236103 11,749 348,845 SH   SOLE   348,845 0 0
IAMGOLD CORP Common 450913108 1,134 275,601 SH   SOLE   275,601 0 0
INFINERA CORP Common 45667G103 4,232 460,000 SH   SOLE   460,000 0 0
INNOSPEC INC Common 45768S105 203 4,700 SH   SOLE   4,700 0 0
INTEL CORP Common 458140100 203 6,575 SH   SOLE   6,575 0 0
INTERPUBLIC GROUP OF COS INC Common 460690100 255 13,050 SH   SOLE   13,050 0 0
INTL BUSINESS MACHINES CORP Common 459200101 1,178 6,500 SH   SOLE   6,500 0 0
ISHARES MSCI EMERGING MARKET Common 464287954 21,615 500,000 SH Put DFND 1 0 500,000 0
ISHARES RUSSELL 2000 ETF Common 464287905 59,405 500,000 SH Call DFND 1 0 500,000 0
JIVE SOFTWARE INC Common 47760A108 211 24,742 SH   SOLE   24,742 0 0
JOHNSON & JOHNSON Common 478160104 604 5,772 SH   SOLE   5,772 0 0
JPMORGAN CHASE & CO Common 46625H100 601 10,433 SH   SOLE   10,433 0 0
KBR INC Common 48242W106 217 9,100 SH   SOLE   9,100 0 0
KINROSS GOLD CORP Common 496902404 2,495 602,760 SH   SOLE   602,760 0 0
LAMAR ADVERTISING CO-A Common 512815101 257 4,850 SH   SOLE   4,850 0 0
LAS VEGAS SANDS CORP Common 517834907 57,165 750,000 SH Call DFND 1 0 750,000 0
LEGG MASON INC Common 524901105 254 4,950 SH   SOLE   4,950 0 0
LINCOLN NATIONAL CORP Common 534187109 1,003 19,500 SH   SOLE   19,500 0 0
LOWE'S COS INC Common 548661957 4,799 100,000 SH Put SOLE   100,000 0 0
MAG SILVER CORP Common 55903Q104 2,668 282,123 SH   SOLE   282,123 0 0
MANITOWOC CO INC. Common 563571908 21,359 650,000 SH Call DFND 1 0 650,000 0
MARKET VECTORS GOLD MINERS Common 57060U900 2,645 100,000 SH Call SOLE   100,000 0 0
MARKET VECTORS GOLD MINERS Common 57060U950 1,058 40,000 SH Put SOLE   40,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R544 2,113 50,000 SH   SOLE   50,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R904 3,169 75,000 SH Call SOLE   75,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R954 3,380 80,000 SH Put SOLE   80,000 0 0
MCKESSON CORP Common 58155Q953 14,897 80,000 SH Put SOLE   80,000 0 0
MEDTRONIC INC Common 585055106 239 3,750 SH   SOLE   3,750 0 0
MEN'S WEARHOUSE INC/THE Common 587118100 4,185 75,000 SH   DFND 1 0 75,000 0
METLIFE INC Common 59156R108 540 9,725 SH   SOLE   9,725 0 0
METLIFE INC Common 59156R958 5,556 100,000 SH Put SOLE   100,000 0 0
MICROSOFT CORP Common 594918104 31,187 747,889 SH   SOLE   747,889 0 0
MICROSOFT CORP Common 594918904 12,510 300,000 SH Call SOLE   300,000 0 0
MICROSOFT CORP Common 594918954 15,012 360,000 SH Put SOLE   360,000 0 0
MIDWAY GOLD CORP Common 598153104 176 197,679 SH   SOLE   197,679 0 0
MOLYCORP INC Common 608753109 257 100,000 SH   SOLE   100,000 0 0
MONSANTO CO Common 61166W101 1,247 10,000 SH   SOLE   10,000 0 0
MONSANTO CO Common 61166W951 4,990 40,000 SH Put SOLE   40,000 0 0
MONSTER WORLDWIDE INC Common 611742107 95 14,575 SH   SOLE   14,575 0 0
MORGAN STANLEY Common 617446448 259 8,004 SH   SOLE   8,004 0 0
MUELLER WATER PRODUCTS INC-A Common 624758108 117 13,578 SH   SOLE   13,578 0 0
NATIONSTAR MORTGAGE HOLDINGS Common 63861C909 10,890 300,000 SH Call DFND 1 0 300,000 0
NATL PENN BCSHS INC Common 637138108 115 10,850 SH   SOLE   10,850 0 0
NEWCASTLE INVESTMENT CORP Common 65105M108 261 54,435 SH   SOLE   54,435 0 0
NEWMONT MINING CORP Common 651639106 8,141 320,000 SH   SOLE   320,000 0 0
NEWMONT MINING CORP Common 651639906 5,088 200,000 SH Call SOLE   200,000 0 0
NEWMONT MINING CORP Common 651639956 5,088 200,000 SH Put SOLE   200,000 0 0
NEWS CORP - CLASS A Common 65249B109 388 21,635 SH   SOLE   21,635 0 0
NEWS CORP - CLASS B Common 65249B208 183 10,460 SH   SOLE   10,460 0 0
NOVACOPPER INC Common 66988K102 189 173,076 SH   SOLE   173,076 0 0
NOVAGOLD RESOURCES INC Common 66987E206 4,467 1,060,997 SH   SOLE   1,060,997 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 1,345 13,107 SH   SOLE   13,107 0 0
OCEAN RIG UDW INC Common Y64354205 392 20,716 SH   SOLE   20,716 0 0
ON SEMICONDUCTOR CORPORATION Common 682189105 406 44,375 SH   SOLE   44,375 0 0
ORACLE CORP Common 68389X105 16,403 404,710 SH   SOLE   404,710 0 0
ORACLE CORP Common 68389X105 6,080 150,000 SH   DFND 1 0 150,000 0
P G & E CORP Common 69331C108 223 4,640 SH   SOLE   4,640 0 0
PAN AMERICAN SILVER CORP Common 697900108 207 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 130 19,715 SH   SOLE   19,715 0 0
PARKER HANNIFIN CORP Common 701094104 204 1,625 SH   SOLE   1,625 0 0
PARTNERRE LTD Common G6852T105 202 1,850 SH   SOLE   1,850 0 0
PFIZER INC Common 717081103 1,541 51,931 SH   SOLE   51,931 0 0
PHILLIPS 66 Common 718546954 4,826 60,000 SH Put SOLE   60,000 0 0
PMC - SIERRA INC Common 69344F106 2,283 300,000 SH   SOLE   300,000 0 0
PNC FINANCIAL SERVICES GROUP Common 693475105 284 3,189 SH   SOLE   3,189 0 0
POST HOLDINGS INC Common 737446104 7,637 150,000 SH   DFND 1 0 150,000 0
PPL CORPORATION Common 69351T106 235 6,605 SH   SOLE   6,605 0 0
PRETIUM RESOURCES INC Common 74139C102 4,588 554,342 SH   SOLE   554,342 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 560 7,100 SH   SOLE   7,100 0 0
RENT-A-CENTER INC Common 76009N100 332 11,589 SH   SOLE   11,589 0 0
ROYAL DUTCH SHELL PLC-ADR Common 780259206 335 4,071 SH   SOLE   4,071 0 0
RUBICON MINERALS CORP Common 780911103 2,076 1,401,817 SH   SOLE   1,401,817 0 0
SCHWAB CHARLES CORP Common 808513105 2,962 110,000 SH   SOLE   110,000 0 0
SCHWAB CHARLES CORP Common 808513955 2,693 100,000 SH Put SOLE   100,000 0 0
SILVER WHEATON CORP Common 828336107 3,325 126,332 SH   SOLE   126,332 0 0
SIRIUS XM HOLDINGS INC Common 82968B103 242 69,890 SH   SOLE   69,890 0 0
SPDR GOLD SHARES Common 78463V107 25,608 200,000 SH   DFND 1 0 200,000 0
SPDR GOLD SHARES Common 78463V907 192,060 1,500,000 SH Call DFND 1 0 1,500,000 0
STAPLES INC Common 855030102 4,079 376,305 SH   SOLE   376,305 0 0
STATE STREET CORP Common 857477103 256 3,800 SH   SOLE   3,800 0 0
STILLWATER MINING CO Common 86074Q102 3,635 207,132 SH   SOLE   207,132 0 0
SUNCOR ENERGY INC Common 867224107 23,447 550,000 SH   SOLE   550,000 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 398 11,000 SH   SOLE   11,000 0 0
THORATEC CORP Common 885175307 697 20,000 SH   SOLE   20,000 0 0
TRAVELERS COS INC Common 89417E109 1,138 12,100 SH   SOLE   12,100 0 0
TRW AUTOMOTIVE HOLDINGS CORP Common 87264S106 269 3,000 SH   SOLE   3,000 0 0
UBS AG-REG Common H89231338 195 10,625 SH   SOLE   10,625 0 0
UNITED PARCEL SERVICE-CL B Common 911312106 5,133 50,000 SH   SOLE   50,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 10,266 100,000 SH Put SOLE   100,000 0 0
UNITED TECHNOLOGIES CORP Common 913017959 6,927 60,000 SH Put SOLE   60,000 0 0
URS CORP Common 903236107 203 4,425 SH   SOLE   4,425 0 0
VIRTUS INVESTMENT PARTNERS Common 92828Q109 484 2,287 SH   SOLE   2,287 0 0
VISTA GOLD CORP Common 927926303 879 1,758,748 SH   SOLE   1,758,748 0 0
VOYA FINANCIAL INC Common 929089100 306 8,425 SH   SOLE   8,425 0 0
WALTER ENERGY INC Common 93317Q105 69 12,570 SH   SOLE   12,570 0 0
WELLPOINT INC Common 94973V107 473 4,400 SH   SOLE   4,400 0 0
WELLS FARGO & CO Common 949746101 18,396 350,000 SH   SOLE   350,000 0 0
WESTERN DIGITAL CORP Common 958102105 15,691 170,000 SH   SOLE   170,000 0 0
WET SEAL CL A Common 961840105 14 15,290 SH   SOLE   15,290 0 0
WHITING PETROLEUM CORP Common 966387102 602 7,500 SH   SOLE   7,500 0 0
WPX ENERGY INC Common 98212B103 406 16,997 SH   SOLE   16,997 0 0
WYNN RESORTS LTD Common 983134907 20,756 100,000 SH Call DFND 1 0 100,000 0
YAMANA GOLD INC Common 98462Y100 490 59,600 SH   SOLE   59,600 0 0