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 1,855 40,000 SH Put SOLE   40,000 0 0
Abbott Laboratories Common 002824100 267 6,425 SH   SOLE   6,425 0 0
AERCAP HOLDINGS NV Common N00985106 13,182 322,300 SH   SOLE   322,300 0 0
AETNA INC Common 00817Y108 745 9,200 SH   SOLE   9,200 0 0
AGNICO-EAGLE MINES LTD Common 008474908 4,064 140,000 SH Call SOLE   140,000 0 0
AGNICO-EAGLE MINES LTD Common 008474958 2,903 100,000 SH Put SOLE   100,000 0 0
AMERICAN AIRLINES GROUP INC Common 02376R102 532 15,000 SH   SOLE   15,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 11,631 215,300 SH   SOLE   215,300 0 0
AMERICAN INTERNATIONAL GROUP Common 026874904 5,402 100,000 SH Call SOLE   100,000 0 0
AMKOR TECHNOLOGY INC Common 031652100 1,346 160,000 SH   SOLE   160,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 1,379 13,591 SH   SOLE   13,591 0 0
APACHE CORP Common 037411105 355 3,780 SH   SOLE   3,780 0 0
ARC DOCUMENT SOLUTIONS INC Common 00191G103 94 11,631 SH   SOLE   11,631 0 0
ARRIS GROUP INC Common 04270V106 210 7,400 SH   SOLE   7,400 0 0
ASANKO GOLD INC Common 04341Y105 2,050 989,593 SH   SOLE   989,593 0 0
ASHLAND INC Common 044209104 20,820 200,000 SH   SOLE   200,000 0 0
ASHLAND INC Common 044209954 6,246 60,000 SH Put SOLE   60,000 0 0
AURICO GOLD INC Common 05155C105 822 235,545 SH   SOLE   235,545 0 0
AVNET INC Common 053807103 338 8,150 SH   SOLE   8,150 0 0
BANK OF AMERICA CORP Common 060505104 240 14,068 SH   SOLE   14,068 0 0
BANK OF AMERICA CORP Warrant 060505153 2,131 125,000 SH   SOLE   125,000 0 0
BARRICK GOLD CORP Common 067901108 1,824 124,436 SH   SOLE   124,436 0 0
BARRICK GOLD CORP Common 067901908 4,398 300,000 SH Call SOLE   300,000 0 0
BARRICK GOLD CORP Common 067901958 1,466 100,000 SH Put SOLE   100,000 0 0
BOEING CO. Common 097023105 229 1,800 SH   SOLE   1,800 0 0
BOEING CO. Common 097023955 5,095 40,000 SH Put SOLE   40,000 0 0
BP PLC-SPONS ADR Common 055622104 358 8,140 SH   SOLE   8,140 0 0
BROADCOM CORP-CL A Common 111320107 1,617 40,000 SH   SOLE   40,000 0 0
BROADCOM CORP-CL A Common 111320957 3,234 80,000 SH Put SOLE   80,000 0 0
BROCADE COMMUNICATIONS SYS Common 111621306 217 20,000 SH   SOLE   20,000 0 0
BOARDWALK PIPELINE COMMON UNITS Common 096627104 2,348,461 125,586,133 SH   SOLE   125,586,133 0 0
CAL DIVE INTERNATIONAL INC Common 12802T101 73 75,228 SH   SOLE   75,228 0 0
CAMECO CORP Common 13321L108 353 20,000 SH   SOLE   20,000 0 0
CAMECO CORP Common 13321L958 706 40,000 SH Put SOLE   40,000 0 0
CARPENTER TECHNOLOGY INC. Common 144285103 218 4,836 SH   SOLE   4,836 0 0
CF INDUSTRIES HOLDINGS INC Common 125269100 4,188 15,000 SH   SOLE   15,000 0 0
CHARTER COMMUNICATION-A Common 16117M305 26,490 175,000 SH   DFND 1 0 175,000 0
CHICO'S FAS INC Common 168615902 2,954 200,000 SH Call DFND 1 0 200,000 0
CIENA CORP Common 171779309 3,344 200,000 SH   SOLE   200,000 0 0
CIENA CORP Common 171779959 6,688 400,000 SH Put SOLE   400,000 0 0
CIGNA CORP Common 125509109 299 3,300 SH   SOLE   3,300 0 0
CISCO SYSTEMS INC Common 17275R102 15,731 625,000 SH   SOLE   625,000 0 0
CITIGROUP INC Common 172967424 866 16,713 SH   SOLE   16,713 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 493 47,475 SH   SOLE   47,475 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 1,038 100,000 SH Put SOLE   100,000 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 4,417 350,000 SH   SOLE   350,000 0 0
CNA FINANCIAL CORP Common 126117100 9,217,813 242,382,673 SH   SOLE   242,382,673 0 0
CNO FINANCIAL GROUP INC Common 12621E103 485 28,600 SH   SOLE   28,600 0 0
COCA-COLA CO/THE Common 191216100 234 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-SPECIAL CL A Common 20030N200 214 4,000 SH   SOLE   4,000 0 0
COMSTOCK MINING INC Common 205750102 265 218,657 SH   SOLE   218,657 0 0
CONSTELLATION BRANDS INC-A Common 21036P108 10,895 125,000 SH   SOLE   125,000 0 0
COVANTA HOLDING CORP Common 22282E102 1,128 53,176 SH   SOLE   53,176 0 0
CUMMINS INC Common 231021906 13,198 100,000 SH Call DFND 1 0 100,000 0
DEERE & CO Common 244199105 500 6,100 SH   SOLE   6,100 0 0
DELTA AIR LINES INC Common 247361702 666 18,420 SH   SOLE   18,420 0 0
DENBURY RESOURCES INC Common 247916208 488 32,500 SH   SOLE   32,500 0 0
DEVON ENERGY CORP Common 25179M103 409 6,000 SH   SOLE   6,000 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 2,402,485 70,104,620 SH   SOLE   70,104,620 0 0
DOW CHEMICAL CO/THE Common 260543103 238 4,545 SH   SOLE   4,545 0 0
DU PONT E.I. DE NEMOURS Common 263534109 2,870 40,000 SH   SOLE   40,000 0 0
DU PONT E.I. DE NEMOURS Common 263534959 7,176 100,000 SH Put SOLE   100,000 0 0
EATON CORP PLC Common G29183103 450 7,108 SH   SOLE   7,108 0 0
ENERGY XXI BERMUDA Common G10082140 130 11,426 SH   SOLE   11,426 0 0
ENSCO PLC-CL A Common G3157S106 459 11,100 SH   SOLE   11,100 0 0
EXETER RESOURCE CORP Common 301835104 384 642,545 SH   SOLE   642,545 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 73,533 1,041,100 SH   SOLE   1,041,100 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 8,829 125,000 SH   DFND 1 0 125,000 0
EZCORP INC-CL A Common 302301106 156 15,738 SH   SOLE   15,738 0 0
FEDEX CORP Common 31428X106 1,130 7,000 SH   SOLE   7,000 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 150 12,200 SH   SOLE   12,200 0 0
FORD MOTOR CO Common 345370900 51,765 3,500,000 SH Call DFND 1 0 3,500,000 0
FOREST CITY ENTERPRISES-CL A Common 345550107 412 21,088 SH   SOLE   21,088 0 0
GENERAL MOTORS CO. Common 37045V100 22,847 715,305 SH   SOLE   715,305 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,303 40,800 SH   SOLE   40,800 0 0
GENERAL MOTORS CO. Common 37045V900 12,776 400,000 SH Call DFND 1 0 400,000 0
GENTIVA HEALTH SERVICES Common 37247A102 243 14,502 SH   SOLE   14,502 0 0
GILDAN ACTIVEWEAR INC Common 375916103 2,736 50,000 SH   DFND 1 0 50,000 0
GLOBAL CASH ACCESS HOLDINGS Common 378967103 73 10,754 SH   SOLE   10,754 0 0
GNC HOLDINGS INC-CL A Common 36191G907 5,811 150,000 SH Call DFND 1 0 150,000 0
GOLD FIELDS LTD-SPONS ADR Common 38059T106 3,835 983,428 SH   SOLE   983,428 0 0
GOLDCORP INC Common 380956409 1,382 60,000 SH   SOLE   60,000 0 0
GOLDCORP INC Common 380956959 2,764 120,000 SH Put SOLE   120,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 285 1,550 SH   SOLE   1,550 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 280 8,096 SH   SOLE   8,096 0 0
HCA HOLDINGS INC Common 40412C101 1,410 20,000 SH   SOLE   20,000 0 0
HCA HOLDINGS INC Common 40412C951 5,642 80,000 SH Put SOLE   80,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T105 220 8,665 SH   SOLE   8,665 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T955 2,539 100,000 SH Put SOLE   100,000 0 0
HEWLETT-PACKARD CO Common 428236103 10,157 286,345 SH   SOLE   286,345 0 0
IAMGOLD CORP Common 450913108 763 275,601 SH   SOLE   275,601 0 0
INFINERA CORP Common 45667G103 5,122 480,000 SH   SOLE   480,000 0 0
INTEL CORP Common 458140100 229 6,575 SH   SOLE   6,575 0 0
INTERPUBLIC GROUP OF COS INC Common 460690100 195 10,625 SH   SOLE   10,625 0 0
INTL BUSINESS MACHINES CORP Common 459200101 1,234 6,500 SH   SOLE   6,500 0 0
JIVE SOFTWARE INC Common 47760A108 177 30,311 SH   SOLE   30,311 0 0
JOHNSON & JOHNSON Common 478160104 440 4,132 SH   SOLE   4,132 0 0
JPMORGAN CHASE & CO Common 46625H100 628 10,433 SH   SOLE   10,433 0 0
KATE SPADE & CO Common 485865959 5,246 200,000 SH Put DFND 1 0 200,000 0
KBR INC Common 48242W106 205 10,900 SH   SOLE   10,900 0 0
KINROSS GOLD CORP Common 496902404 1,989 602,760 SH   SOLE   602,760 0 0
LAMAR ADVERTISING CO-A Common 512815101 287 5,825 SH   SOLE   5,825 0 0
LAS VEGAS SANDS CORP Common 517834907 12,442 200,000 SH Call DFND 1 0 200,000 0
LEGG MASON INC Common 524901105 208 4,075 SH   SOLE   4,075 0 0
LIBERTY INTERACTIVE CORP-A Common 53071M104 17,397 610,000 SH   SOLE   610,000 0 0
LINCOLN NATIONAL CORP Common 534187109 1,045 19,500 SH   SOLE   19,500 0 0
LOWE'S COS INC Common 548661957 5,292 100,000 SH Put SOLE   100,000 0 0
MAG SILVER CORP Common 55903Q104 2,099 282,123 SH   SOLE   282,123 0 0
MARKET VECTORS GOLD MINERS Common 57060U900 2,136 100,000 SH Call SOLE   100,000 0 0
MARKET VECTORS GOLD MINERS Common 57060U950 854 40,000 SH Put SOLE   40,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R544 1,681 50,000 SH   SOLE   50,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R904 2,522 75,000 SH Call SOLE   75,000 0 0
MARKET VECTORS JR GOLD MINER Common 57061R954 2,690 80,000 SH Put SOLE   80,000 0 0
MASONITE INTERNATIONAL CORP Common 575385109 208 3,750 SH   SOLE   3,750 0 0
MCKESSON CORP Common 58155Q953 15,574 80,000 SH Put SOLE   80,000 0 0
MEDTRONIC INC Common 585055106 294 4,745 SH   SOLE   4,745 0 0
METLIFE INC Common 59156R108 522 9,725 SH   SOLE   9,725 0 0
METLIFE INC Common 59156R958 5,372 100,000 SH Put SOLE   100,000 0 0
MGM RESORTS INTERNATIONAL Common 552953901 10,251 450,000 SH Call DFND 1 0 450,000 0
MICROSOFT CORP Common 594918104 31,427 677,889 SH   SOLE   677,889 0 0
MICROSOFT CORP Common 594918954 16,690 360,000 SH Put SOLE   360,000 0 0
MIDWAY GOLD CORP Common 598153104 207 197,679 SH   SOLE   197,679 0 0
MONSANTO CO Common 61166W101 2,250 20,000 SH   SOLE   20,000 0 0
MONSANTO CO Common 61166W951 4,500 40,000 SH Put SOLE   40,000 0 0
MONSTER WORLDWIDE INC Common 611742107 80 14,575 SH   SOLE   14,575 0 0
MORGAN STANLEY Common 617446448 277 8,004 SH   SOLE   8,004 0 0
MUELLER WATER PRODUCTS INC-A Common 624758108 112 13,578 SH   SOLE   13,578 0 0
NATIONSTAR MORTGAGE HOLDINGS Common 63861C909 10,272 300,000 SH Call DFND 1 0 300,000 0
NATL PENN BCSHS INC Common 637138108 105 10,850 SH   SOLE   10,850 0 0
NEWCASTLE INVESTMENT CORP Common 65105M504 439 34,644 SH   SOLE   34,644 0 0
NEWMONT MINING CORP Common 651639106 7,376 320,000 SH   SOLE   320,000 0 0
NEWMONT MINING CORP Common 651639906 4,610 200,000 SH Call SOLE   200,000 0 0
NEWMONT MINING CORP Common 651639956 4,610 200,000 SH Put SOLE   200,000 0 0
NEWS CORP - CLASS A Common 65249B109 388 23,760 SH   SOLE   23,760 0 0
NEWS CORP - CLASS B Common 65249B208 169 10,460 SH   SOLE   10,460 0 0
NOVACOPPER INC Common 66988K102 161 173,076 SH   SOLE   173,076 0 0
NOVAGOLD RESOURCES INC Common 66987E206 3,215 1,060,997 SH   SOLE   1,060,997 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 1,260 13,107 SH   SOLE   13,107 0 0
OCEAN RIG UDW INC Common Y64354205 334 20,716 SH   SOLE   20,716 0 0
ON SEMICONDUCTOR CORP Common 682189105 397 44,375 SH   SOLE   44,375 0 0
ORACLE CORP Common 68389X105 16,449 429,710 SH   SOLE   429,710 0 0
PAN AMERICAN SILVER CORP Common 697900108 148 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 131 19,715 SH   SOLE   19,715 0 0
PARTNERRE LTD Common G6852T105 203 1,850 SH   SOLE   1,850 0 0
PFIZER INC Common 717081103 1,425 48,196 SH   SOLE   48,196 0 0
PHILLIPS 66 Common 718546954 4,879 60,000 SH Put SOLE   60,000 0 0
PINNACLE FOODS INC Common 72348P104 206 6,315 SH   SOLE   6,315 0 0
PMC - SIERRA INC Common 69344F106 2,238 300,000 SH   SOLE   300,000 0 0
PNC FINANCIAL SERVICES GROUP Common 693475105 273 3,189 SH   SOLE   3,189 0 0
PPL CORP Common 69351T106 251 7,635 SH   SOLE   7,635 0 0
PRETIUM RESOURCES INC Common 74139C102 2,896 554,342 SH   SOLE   554,342 0 0
REALOGY HOLDINGS CORP Common 75605Y106 6,138 165,000 SH   SOLE   165,000 0 0
REALOGY HOLDINGS CORP Common 75605Y956 3,720 100,000 SH Put SOLE   100,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 569 7,100 SH   SOLE   7,100 0 0
RENT-A-CENTER INC Common 76009N100 261 8,608 SH   SOLE   8,608 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 314 4,118 SH   SOLE   4,118 0 0
RUBICON MINERALS CORP Common 780911103 1,903 1,401,817 SH   SOLE   1,401,817 0 0
SCHWAB CHARLES CORP Common 808513105 3,233 110,000 SH   SOLE   110,000 0 0
SCHWAB CHARLES CORP Common 808513955 2,939 100,000 SH Put SOLE   100,000 0 0
SILVER WHEATON CORP Common 828336107 2,520 126,332 SH   SOLE   126,332 0 0
SPDR S&P RETAIL ETF Common 78464A714 8,558 100,000 SH   DFND 1 0 100,000 0
STAPLES INC Common 855030102 318 26,305 SH   SOLE   26,305 0 0
STATE STREET CORP Common 857477103 280 3,800 SH   SOLE   3,800 0 0
STILLWATER MINING CO Common 86074Q102 3,113 207,132 SH   SOLE   207,132 0 0
SUNCOR ENERGY INC Common 867224107 15,364 425,000 SH   SOLE   425,000 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 293 8,900 SH   SOLE   8,900 0 0
TEREX CORP Common 880779103 291 9,150 SH   SOLE   9,150 0 0
TRAVELERS COS INC Common 89417E109 1,137 12,100 SH   SOLE   12,100 0 0
UBS AG-REG Common H89231338 185 10,625 SH   SOLE   10,625 0 0
UNITED PARCEL SERVICE-CL B Common 911312106 4,915 50,000 SH   SOLE   50,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 9,829 100,000 SH Put SOLE   100,000 0 0
UNITED TECHNOLOGIES CORP Common 913017959 6,336 60,000 SH Put SOLE   60,000 0 0
VIRTUS INVESTMENT PARTNERS Common 92828Q109 397 2,287 SH   SOLE   2,287 0 0
VISTA GOLD CORP Common 927926303 731 1,781,485 SH   SOLE   1,781,485 0 0
VOYA FINANCIAL INC Common 929089100 271 6,925 SH   SOLE   6,925 0 0
WALTER ENERGY INC Common 93317Q105 29 12,570 SH   SOLE   12,570 0 0
WELLPOINT INC Common 94973V107 526 4,400 SH   SOLE   4,400 0 0
WELLS FARGO & CO Common 949746101 15,561 300,000 SH   SOLE   300,000 0 0
WESTERN DIGITAL CORP Common 958102105 14,598 150,000 SH   SOLE   150,000 0 0
WET SEAL CL A Common 961840105 8 15,290 SH   SOLE   15,290 0 0
WHITING PETROLEUM CORP Common 966387102 582 7,500 SH   SOLE   7,500 0 0
WPX ENERGY INC Common 98212B103 329 13,656 SH   SOLE   13,656 0 0
WYNN RESORTS LTD Common 983134907 18,708 100,000 SH Call DFND 1 0 100,000 0
ZEBRA TECHNOLOGIES CORP-CL A Common 989207105 5,323 75,000 SH   SOLE   75,000 0 0