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
AERCAP HOLDINGS NV Common N00985106 42,638 1,115,000 SH   SOLE   1,115,000 0 0
AETNA INC Common 00817Y108 711 6,500 SH   SOLE   6,500 0 0
ALAMOS GOLD INC-CLASS A Common 011532108 5,377 1,449,402 SH   SOLE   1,449,402 0 0
ALLERGAN PLC Common G0177J108 19,027 70,000 SH   SOLE   70,000 0 0
ALLISON TRANSMISSION HOLDING Common 01973R101 6,139 230,000 SH   SOLE   230,000 0 0
AMERICAN AIRLINES GROUP INC Common 02376R102 582 15,000 SH   SOLE   15,000 0 0
AMERICAN EXPRESS CO Common 025816959 5,930 80,000 SH Put SOLE   80,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 29,563 520,300 SH   SOLE   520,300 0 0
AMKOR TECHNOLOGY INC Common 031652100 632 140,859 SH   SOLE   140,859 0 0
ANADARKO PETROLEUM CORP Common 032511107 846 14,005 SH   SOLE   14,005 0 0
ANTHEM INC Common 036752103 616 4,400 SH   SOLE   4,400 0 0
APACHE CORP Common 037411105 270 6,900 SH   SOLE   6,900 0 0
APPLE INC Common 037833900 16,545 150,000 SH Call DFND 1 0 150,000 0
APPLE INC Common 037833950 6,618 60,000 SH Put SOLE   60,000 0 0
ARRIS GROUP INC Common 04270V106 229 8,800 SH   SOLE   8,800 0 0
ASANKO GOLD INC Common 04341Y105 3,987 2,722,646 SH   SOLE   2,722,646 0 0
ASHLAND INC Common 044209954 6,037 60,000 SH Put SOLE   60,000 0 0
AVNET INC Common 053807103 399 9,350 SH   SOLE   9,350 0 0
AXIS CAPITAL HOLDINGS LTD Common G0692U109 223 4,150 SH   SOLE   4,150 0 0
BANK OF AMERICA CORP Common 060505104 295 18,918 SH   SOLE   18,918 0 0
BANK OF AMERICA CORP Warrant 060505153 1,948 125,000 SH   SOLE   125,000 0 0
BARRICK GOLD CORP Common 067901108 2,899 455,861 SH   SOLE   455,861 0 0
BARRICK GOLD CORP Common 067901908 3,180 500,000 SH Call SOLE   500,000 0 0
BBCN BANCORP INC Common 073295107 153 10,175 SH   SOLE   10,175 0 0
BED BATH & BEYOND INC Common 075896100 251 4,400 SH   SOLE   4,400 0 0
BLUCORA INC Common 095229100 4,720 342,800 SH   SOLE   342,800 0 0
BOEING CO. Common 097023105 236 1,800 SH   SOLE   1,800 0 0
BP PLC-SPONS ADR Common 055622104 230 7,540 SH   SOLE   7,540 0 0
BROOKDALE SENIOR LIVING INC Common 112463104 253 11,005 SH   SOLE   11,005 0 0
BOARDWALK PIPELINE COMMON UNITS Common 096627104 1,478,149 125,586,133 SH   SOLE   125,586,133 0 0
CAMECO CORP Common 13321L108 974 80,000 SH   SOLE   80,000 0 0
CAMECO CORP Common 13321L958 974 80,000 SH Put SOLE   80,000 0 0
CARPENTER TECHNOLOGY INC. Common 144285103 9,712 326,236 SH   SOLE   326,236 0 0
CF INDUSTRIES HOLDINGS INC Common 125269100 4,041 90,000 SH   SOLE   90,000 0 0
CHARTER COMMUNICATION-A Common 16117M955 70,340 400,000 SH Put SOLE   400,000 0 0
CHEVRON CORP Common 166764950 7,888 100,000 SH Put SOLE   100,000 0 0
CIENA CORP Common 171779309 5,387 260,000 SH   SOLE   260,000 0 0
CIENA CORP Common 171779959 4,144 200,000 SH Put SOLE   200,000 0 0
CISCO SYSTEMS INC Common 17275R102 10,369 395,000 SH   SOLE   395,000 0 0
CITIGROUP INC Common 172967424 795 16,033 SH   SOLE   16,033 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K101 293 120,000 SH   SOLE   120,000 0 0
CLIFFS NATURAL RESOURCES INC Common 18683K951 244 100,000 SH Put SOLE   100,000 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 4,173 1,586,600 SH   SOLE   1,586,600 0 0
CNA FINANCIAL CORP Common 126117100 8,466,427 242,382,673 SH   SOLE   242,382,673 0 0
CNO FINANCIAL GROUP INC Common 12621E103 397 21,100 SH   SOLE   21,100 0 0
COCA-COLA CO/THE Common 191216100 220 5,484 SH   SOLE   5,484 0 0
COMCAST CORP-CLASS A Common 20030N101 11,376 200,000 SH   DFND 1 0 200,000 0
COMCAST CORP-CLASS A Common 20030N951 11,376 200,000 SH Put DFND 1 0 200,000 0
COMCAST CORP-SPECIAL CL A Common 20030N200 229 4,000 SH   SOLE   4,000 0 0
COMSTOCK MINING INC Common 205750102 967 1,584,982 SH   SOLE   1,584,982 0 0
COVANTA HOLDING CORP Common 22282E102 299 17,136 SH   SOLE   17,136 0 0
CSX CORP Common 126408953 2,152 80,000 SH Put SOLE   80,000 0 0
DELTA AIR LINES INC Common 247361702 827 18,420 SH   SOLE   18,420 0 0
DEVON ENERGY CORP Common 25179M103 438 11,800 SH   SOLE   11,800 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 1,264,960 73,119,047 SH   SOLE   73,119,047 0 0
DISH NETWORK CORP-A Common 25470M109 8,751 150,000 SH   DFND 1 0 150,000 0
DOW CHEMICAL CO THE Common 260543103 342 8,075 SH   SOLE   8,075 0 0
DU PONT E.I. DE NEMOURS Common 263534109 964 20,000 SH   SOLE   20,000 0 0
DU PONT E.I. DE NEMOURS Common 263534959 4,820 100,000 SH Put SOLE   100,000 0 0
EATON CORP PLC Common G29183103 389 7,575 SH   SOLE   7,575 0 0
ENERGY XXI LTD Common G10082140 11 10,533 SH   SOLE   10,533 0 0
EXETER RESOURCE CORP Common 301835104 594 1,883,768 SH   SOLE   1,883,768 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 33,598 415,000 SH   SOLE   415,000 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G958 4,858 60,000 SH Put SOLE   60,000 0 0
EXXON MOBIL CORP Common 30231G102 270 3,625 SH   SOLE   3,625 0 0
EZCORP INC-CL A Common 302301106 97 15,738 SH   SOLE   15,738 0 0
FACEBOOK INC-A Common 30303M952 13,485 150,000 SH Put DFND 1 0 150,000 0
FEDEX CORP Common 31428X106 792 5,500 SH   SOLE   5,500 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 191 13,473 SH   SOLE   13,473 0 0
FORD MOTOR CO Common 345370860 202 14,875 SH   SOLE   14,875 0 0
FOREST CITY ENTERPRISES-CL A Common 345550107 522 25,948 SH   SOLE   25,948 0 0
FRANKLIN RESOURCES INC Common 354613101 203 5,450 SH   SOLE   5,450 0 0
FTI CONSULTING INC Common 302941109 10,461 252,000 SH   SOLE   252,000 0 0
FUELCELL ENERGY INC Common 35952H106 69 93,776 SH   SOLE   93,776 0 0
GENERAL ELECTRIC CO Common 369604103 44,135 1,750,000 SH   SOLE   1,750,000 0 0
GENERAL MOTORS CO. Common 37045V100 18,319 610,215 SH   SOLE   610,215 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,225 40,800 SH   SOLE   40,800 0 0
GENERAL MOTORS CO. Common 37045V950 6,004 200,000 SH Put SOLE   200,000 0 0
GENWORTH FINANCIAL INC-CL A Common 37247D106 90 19,500 SH   SOLE   19,500 0 0
GNC HOLDINGS INC-CL A Common 36191G107 4,042 100,000 SH   DFND 1 0 100,000 0
GNC HOLDINGS INC-CL A Common 36191G907 8,084 200,000 SH Call DFND 1 0 200,000 0
GOLD FIELDS LTD-SPONS ADR Common 38059T106 2,208 830,133 SH   SOLE   830,133 0 0
GOLDCORP INC Common 380956409 1,002 80,000 SH   SOLE   80,000 0 0
GOLDCORP INC Common 380956909 3,005 240,000 SH Call SOLE   240,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 508 2,925 SH   SOLE   2,925 0 0
GOOGLE INC-CL A Common 38259P908 12,767 20,000 SH Call DFND 1 0 20,000 0
GOVERNMENT PROPERTIES INCOME Common 38376A103 166 10,400 SH   SOLE   10,400 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 260 9,196 SH   SOLE   9,196 0 0
HARLEY-DAVIDSON INC Common 412822958 4,392 80,000 SH Put SOLE   80,000 0 0
HARSCO CORP Common 415864107 92 10,113 SH   SOLE   10,113 0 0
HCA HOLDINGS INC Common 40412C951 6,189 80,000 SH Put SOLE   80,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T105 187 11,175 SH   SOLE   11,175 0 0
HERTZ GLOBAL HOLDINGS INC Common 42805T955 1,673 100,000 SH Put SOLE   100,000 0 0
HEWLETT-PACKARD CO Common 428236103 15,993 624,470 SH   SOLE   624,470 0 0
ICONIX BRAND GROUP INC Common 451055107 250 18,485 SH   SOLE   18,485 0 0
INFINERA CORP Common 45667G103 9,193 470,000 SH   SOLE   470,000 0 0
INNOSPEC INC Common 45768S105 298 6,400 SH   SOLE   6,400 0 0
INTL BUSINESS MACHINES CORP Common 459200101 217 1,500 SH   SOLE   1,500 0 0
JIVE SOFTWARE INC Common 47760A108 157 33,673 SH   SOLE   33,673 0 0
JOHNSON & JOHNSON Common 478160104 65,534 702,025 SH   SOLE   702,025 0 0
JOHNSON & JOHNSON Common 478160954 9,335 100,000 SH Put SOLE   100,000 0 0
JPMORGAN CHASE & CO Common 46625H100 886 14,533 SH   SOLE   14,533 0 0
JPMORGAN CHASE & CO Common 46625H950 1,829 30,000 SH Put SOLE   30,000 0 0
KBR INC Common 48242W106 290 17,400 SH   SOLE   17,400 0 0
KRATOS DEFENSE & SECURITY Common 50077B207 48 11,324 SH   SOLE   11,324 0 0
LAMAR ADVERTISING CO-A Common 512816109 254 4,875 SH   SOLE   4,875 0 0
LAS VEGAS SANDS CORP Common 517834957 22,782 600,000 SH Put DFND 1 0 600,000 0
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 15,916 606,800 SH   SOLE   606,800 0 0
LINCOLN NATIONAL CORP Common 534187109 736 15,500 SH   SOLE   15,500 0 0
LYONDELLBASELL INDU-CL A Common N53745100 242 2,900 SH   SOLE   2,900 0 0
MAG SILVER CORP Common 55903Q104 2,013 282,123 SH   SOLE   282,123 0 0
MARKET VECTORS JR GOLD MINER Common 57061R544 3,526 180,000 SH   SOLE   180,000 0 0
MAXWELL TECHNOLOGIES INC Common 577767106 95 17,511 SH   SOLE   17,511 0 0
METLIFE INC Common 59156R108 459 9,725 SH   SOLE   9,725 0 0
MICROSOFT CORP Common 594918104 24,030 542,939 SH   SOLE   542,939 0 0
MICROSOFT CORP Common 594918954 2,656 60,000 SH Put SOLE   60,000 0 0
MONSANTO CO Common 61166W951 3,414 40,000 SH Put SOLE   40,000 0 0
MORGAN STANLEY Common 617446448 225 7,129 SH   SOLE   7,129 0 0
MSC INDUSTRIAL DIRECT CO-A Common 553530106 3,052 50,000 SH   SOLE   50,000 0 0
NATL PENN BCSHS INC Common 637138108 127 10,850 SH   SOLE   10,850 0 0
NETFLIX INC Common 64110L956 72,282 700,000 SH Put DFND 1 0 700,000 0
NEW SENIOR INVESTMENT GROUP Common 648691103 330 31,562 SH   SOLE   31,562 0 0
NEWMONT MINING CORP Common 651639906 1,607 100,000 SH Call SOLE   100,000 0 0
NEWS CORP - CLASS B Common 65249B208 134 10,460 SH   SOLE   10,460 0 0
NOVAGOLD RESOURCES INC Common 66987E206 48 13,166 SH   SOLE   13,166 0 0
OCCIDENTAL PETROLEUM CORP Common 674599105 850 12,848 SH   SOLE   12,848 0 0
OCEAN RIG UDW INC Common Y64354205 46 21,816 SH   SOLE   21,816 0 0
OMNICOM GROUP Common 681919106 206 3,125 SH   SOLE   3,125 0 0
ON SEMICONDUCTOR CORP Common 682189105 304 32,300 SH   SOLE   32,300 0 0
ORACLE CORP Common 68389X105 1,073 29,710 SH   SOLE   29,710 0 0
PAN AMERICAN SILVER CORP Common 697900108 86 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 133 19,615 SH   SOLE   19,615 0 0
PFIZER INC Common 717081103 20,185 642,637 SH   SOLE   642,637 0 0
PHILLIPS 66 Common 718546954 4,610 60,000 SH Put SOLE   60,000 0 0
PMC - SIERRA INC Common 69344F106 1,427 210,788 SH   SOLE   210,788 0 0
PRETIUM RESOURCES INC Common 74139C102 4,367 719,608 SH   SOLE   719,608 0 0
PRIMERO MINING CORP Common 74164W106 648 276,407 SH   SOLE   276,407 0 0
QUALCOMM INC Common 747525103 10,746 200,000 SH   SOLE   200,000 0 0
QUALCOMM INC Common 747525953 2,149 40,000 SH Put SOLE   40,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 9,408 250,000 SH   SOLE   250,000 0 0
REALOGY HOLDINGS CORP Common 75605Y956 3,763 100,000 SH Put SOLE   100,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 643 7,100 SH   SOLE   7,100 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 336 7,081 SH   SOLE   7,081 0 0
SCHWAB CHARLES CORP Common 808513105 2,856 100,000 SH   SOLE   100,000 0 0
SCHWAB CHARLES CORP Common 808513955 2,856 100,000 SH Put SOLE   100,000 0 0
SILVER STANDARD RESOURCES Common 82823L106 1,765 270,664 SH   SOLE   270,664 0 0
SILVER WHEATON CORP Common 828336107 1,522 126,332 SH   SOLE   126,332 0 0
SPDR GOLD SHARES Common 78463V907 64,116 600,000 SH Call DFND 1 0 600,000 0
SPDR S&P 500 ETF TRUST Common 78462F103 42,159 220,000 SH   SOLE   220,000 0 0
STAPLES INC Common 855030102 276 23,523 SH   SOLE   23,523 0 0
STILLWATER MINING CO Common 86074Q102 2,140 207,132 SH   SOLE   207,132 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 179 14,150 SH   SOLE   14,150 0 0
TAKE-TWO INTERACTIVE SOFTWRE Common 874054109 14,078 490,000 SH   SOLE   490,000 0 0
TECK RESOURCES LTD-CLS B Common 878742204 97 20,195 SH   SOLE   20,195 0 0
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 170 24,698 SH   SOLE   24,698 0 0
TEREX CORP Common 880779103 222 12,350 SH   SOLE   12,350 0 0
The Walt Disney Co. Common 254687956 4,088 40,000 SH Put SOLE   40,000 0 0
TIFFANY & CO Common 886547958 6,178 80,000 SH Put SOLE   80,000 0 0
TIME WARNER CABLE Common 88732J207 8,969 50,000 SH   DFND 1 0 50,000 0
TIME WARNER CABLE Common 88732J957 8,969 50,000 SH Put DFND 1 0 50,000 0
TIMMINS GOLD CORP Common 88741P103 329 1,308,915 SH   SOLE   1,308,915 0 0
TRAVELERS COS INC Common 89417E109 453 4,550 SH   SOLE   4,550 0 0
TWITTER INC Common 90184L902 10,776 400,000 SH Call DFND 1 0 400,000 0
UBS GROUP AG-REG Common H42097107 194 10,625 SH   SOLE   10,625 0 0
UNION PACIFIC CORP Common 907818958 7,073 80,000 SH Put SOLE   80,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312106 2,566 26,000 SH   SOLE   26,000 0 0
UNITED PARCEL SERVICE-CL B Common 911312956 3,948 40,000 SH Put SOLE   40,000 0 0
UNITED TECHNOLOGIES CORP Common 913017959 3,560 40,000 SH Put SOLE   40,000 0 0
VISTA GOLD CORP Common 927926303 532 1,781,485 SH   SOLE   1,781,485 0 0
WAL-MART STORES INC Common 931142103 259 4,000 SH   SOLE   4,000 0 0
WELLS FARGO & CO Common 949746101 11,040 215,000 SH   SOLE   215,000 0 0
WESTERN DIGITAL CORP Common 958102105 18,668 235,000 SH   SOLE   235,000 0 0
WHOLE FOODS MARKET INC Common 966837956 3,165 100,000 SH Put SOLE   100,000 0 0
YAMANA GOLD INC Common 98462Y100 478 288,045 SH   SOLE   288,045 0 0