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
3M CO Common 88579Y951 6,665 40,000 SH Put SOLE 40,000 0 0 1
AECOM Common 00766T100 226 7,344 SH   SOLE 7,344 0 0 2
AERCAP HOLDINGS NV Common N00985106 17,442 450,000 SH   SOLE 450,000 0 0 3
AETNA INC Common 00817Y108 629 5,600 SH   SOLE 5,600 0 0 4
ALAMOS GOLD INC-CLASS A Common 011532108 7,667 1,449,402 SH   SOLE 1,449,402 0 0 5
ALLISON TRANSMISSION HOLDING Common 01973R101 8,094 300,000 SH   SOLE 300,000 0 0 6
AMERICAN AIRLINES GROUP INC Common 02376R102 537 13,100 SH   SOLE 13,100 0 0 7
AMERICAN EXPRESS CO Common 025816109 921 15,000 SH   SOLE 15,000 0 0 8
AMERICAN EXPRESS CO Common 025816909 921 15,000 SH Call SOLE 15,000 0 0 9
AMERICAN EXPRESS CO Common 025816959 4,912 80,000 SH Put SOLE 80,000 0 0 10
AMERICAN INTERNATIONAL GROUP Common 026874784 241 4,450 SH   SOLE 4,450 0 0 11
AMKOR TECHNOLOGY INC Common 031652100 589 100,000 SH   SOLE 100,000 0 0 12
ANADARKO PETROLEUM CORP Common 032511107 561 12,050 SH   SOLE 12,050 0 0 13
ANTHEM INC Common 036752103 535 3,850 SH   SOLE 3,850 0 0 14
APPLE INC Common 037833100 1,940 17,800 SH   DFND 0 17,800 0 15
ARC DOCUMENT SOLUTIONS INC Common 00191G103 75 16,556 SH   SOLE 16,556 0 0 16
ARRIS INTERNATIONAL PLC Common G0551A103 202 8,800 SH   SOLE 8,800 0 0 17
ASANKO GOLD INC Common 04341Y105 5,778 2,722,646 SH   SOLE 2,722,646 0 0 18
AVNET INC Common 053807103 320 7,225 SH   SOLE 7,225 0 0 19
AXALTA COATING SYSTEMS LTD Common G0750c108 8,760 300,000 SH   SOLE 300,000 0 0 20
AXIS CAPITAL HOLDINGS LTD Common G0692U109 205 3,700 SH   SOLE 3,700 0 0 21
BANK OF AMERICA CORP Common 060505104 305 22,568 SH   SOLE 22,568 0 0 22
BANK OF AMERICA CORP Warrant 060505153 1,690 125,000 SH   SOLE 125,000 0 0 23
BANK OF NEW YORK MELLON CORP Common 064058950 3,683 100,000 SH Put SOLE 100,000 0 0 24
BARRICK GOLD CORP Common 067901108 6,115 450,276 SH   SOLE 450,276 0 0 25
BARRICK GOLD CORP Common 067901908 6,790 500,000 SH Call SOLE 500,000 0 0 26
BLUCORA INC Common 095229100 1,342 260,000 SH   SOLE 260,000 0 0 27
BP PLC-SPONS ADR Common 055622104 228 7,540 SH   SOLE 7,540 0 0 28
BROOKDALE SENIOR LIVING INC Common 112463104 312 19,645 SH   SOLE 19,645 0 0 29
BWP COMMON UNITS Common 096627104 1,851,140 125,586,133 SH   SOLE 125,586,133 0 0 30
CALATLANTIC GROUP INC Common 128195104 434 13,000 SH   SOLE 13,000 0 0 31
CAMECO CORP Common 13321L108 1,541 120,000 SH   SOLE 120,000 0 0 32
CAMECO CORP Common 13321L958 1,541 120,000 SH Put SOLE 120,000 0 0 33
CARPENTER TECHNOLOGY INC. Common 144285103 7,747 226,336 SH   SOLE 226,336 0 0 34
CENOVUS ENERGY INC Common 15135U109 175 13,450 SH   SOLE 13,450 0 0 35
CF INDUSTRIES HOLDINGS INC Common 125269100 11,753 375,000 SH   SOLE 375,000 0 0 36
CHEVRON CORP Common 166764950 9,540 100,000 SH Put SOLE 100,000 0 0 37
CISCO SYSTEMS INC Common 17275R102 14,235 500,000 SH   SOLE 500,000 0 0 38
CITIGROUP INC Common 172967424 718 17,208 SH   SOLE 17,208 0 0 39
CITIGROUP INC Common 172967954 4,175 100,000 SH Put SOLE 100,000 0 0 40
CLIFFS NATURAL RESOURCES INC Common 18683K101 360 120,000 SH   SOLE 120,000 0 0 41
CLIFFS NATURAL RESOURCES INC Common 18683K951 300 100,000 SH Put SOLE 100,000 0 0 42
CLOUD PEAK ENERGY INC Common 18911Q102 1,435 736,000 SH   SOLE 736,000 0 0 43
CNA FINANCIAL CORP Common 126117100 7,808,470 242,649,773 SH   SOLE 242,649,773 0 0 44
CNO FINANCIAL GROUP INC Common 12621E103 283 15,800 SH   SOLE 15,800 0 0 45
COCA-COLA CO/THE Common 191216100 254 5,484 SH   SOLE 5,484 0 0 46
COMCAST CORP-CLASS A Common 20030N101 214 3,500 SH   SOLE 3,500 0 0 47
COMSTOCK MINING INC Common 205750102 586 1,584,982 SH   SOLE 1,584,982 0 0 48
CONSUMER STAPLES SPDR Common 81369Y958 159,180 3,000,000 SH Put SOLE 3,000,000 0 0 49
CORNING INC Common 219350105 325 15,555 SH   SOLE 15,555 0 0 50
COVANTA HOLDING CORP Common 22282E102 289 17,136 SH   SOLE 17,136 0 0 51
CSX CORP Common 126408103 206 8,000 SH   SOLE 8,000 0 0 52
DANA HOLDING CORP Common 235825205 142 10,075 SH   SOLE 10,075 0 0 53
DELTA AIR LINES INC Common 247361702 706 14,510 SH   SOLE 14,510 0 0 54
DEVON ENERGY CORP Common 25179M103 283 10,300 SH   SOLE 10,300 0 0 55
DIAMOND OFFSHORE DRILLING Common 25271C102 1,588,877 73,119,047 SH   SOLE 73,119,047 0 0 56
DISH NETWORK CORP-A Common 25470M109 4,626 100,000 SH   DFND 0 100,000 0 57
DOW CHEMICAL CO/THE Common 260543103 279 5,490 SH   SOLE 5,490 0 0 58
DU PONT E.I. DE NEMOURS Common 263534109 1,266 20,000 SH   SOLE 20,000 0 0 59
DU PONT E.I. DE NEMOURS Common 263534959 6,332 100,000 SH Put SOLE 100,000 0 0 60
EATON CORP PLC Common G29183103 474 7,575 SH   SOLE 7,575 0 0 61
ELDORADO GOLD CORP Common 284902103 1,760 560,969 SH   SOLE 560,969 0 0 62
ELI LILLY & CO Common 532457958 2,880 40,000 SH Put SOLE 40,000 0 0 63
ENERGY SELECT SECTOR SPDR Common 81369Y506 1,027 16,600 SH   DFND 0 16,600 0 64
EXETER RESOURCE CORP Common 301835104 1,322 2,388,663 SH   SOLE 2,388,663 0 0 65
EXPRESS SCRIPTS HOLDING CO Common 30219G108 43,275 630,000 SH   SOLE 630,000 0 0 66
EXPRESS SCRIPTS HOLDING CO Common 30219G958 2,748 40,000 SH Put SOLE 40,000 0 0 67
EXXON MOBIL CORP Common 30231G102 224 2,675 SH   SOLE 2,675 0 0 68
EZCORP INC-CL A Common 302301106 47 15,738 SH   SOLE 15,738 0 0 69
FEDEX CORP Common 31428X106 773 4,750 SH   SOLE 4,750 0 0 70
FIRST HORIZON NATIONAL CORP Common 320517105 180 13,773 SH   SOLE 13,773 0 0 71
FORD MOTOR CO Common 345370860 201 14,875 SH   SOLE 14,875 0 0 72
FRANKLIN RESOURCES INC Common 354613101 290 7,425 SH   SOLE 7,425 0 0 73
FREEPORT-MCMORAN INC Common 35671D857 273 26,400 SH   DFND 0 26,400 0 74
FTI CONSULTING INC Common 302941109 1,229 34,602 SH   SOLE 34,602 0 0 75
GENERAL ELECTRIC CO Common 369604103 63,580 2,000,000 SH   SOLE 2,000,000 0 0 76
GENERAL MOTORS CO. Common 37045V100 20,751 660,215 SH   SOLE 660,215 0 0 77
GENERAL MOTORS CO. Warrant 37045V126 1,282 40,800 SH   SOLE 40,800 0 0 78
GENERAL MOTORS CO. Common 37045V950 3,143 100,000 SH Put SOLE 100,000 0 0 79
GOLD FIELDS LTD-SPONS ADR Common 38059T106 3,271 830,133 SH   SOLE 830,133 0 0 80
GOLDCORP INC Common 380956409 1,298 80,000 SH   SOLE 80,000 0 0 81
GOLDCORP INC Common 380956909 3,895 240,000 SH Call SOLE 240,000 0 0 82
GOLDMAN SACHS GROUP INC Common 38141G104 459 2,925 SH   SOLE 2,925 0 0 83
GOVERNMENT PROPERTIES INCOME Common 38376A103 243 13,626 SH   SOLE 13,626 0 0 84
GRANITE REAL ESTATE INVESTMENT Common 387437114 270 9,396 SH   SOLE 9,396 0 0 85
HALLIBURTON CO Common 406216951 3,572 100,000 SH Put SOLE 100,000 0 0 86
HARSCO CORP Common 415864107 71 13,045 SH   SOLE 13,045 0 0 87
HCA HOLDINGS INC Common 40412C101 27,318 350,000 SH   SOLE 350,000 0 0 88
HERTZ GLOBAL HOLDINGS INC Common 42805T105 770 73,129 SH   SOLE 73,129 0 0 89
HEWLETT PACKARD ENTERPRIS Common 42824C109 312 17,620 SH   SOLE 17,620 0 0 90
HP INC Common 40434L105 4,798 389,470 SH   SOLE 389,470 0 0 91
ICONIX BRAND GROUP INC Common 451055107 156 19,328 SH   SOLE 19,328 0 0 92
ILLUMINA INC Common 452327959 3,242 20,000 SH Put SOLE 20,000 0 0 93
INFINERA CORP Common 45667G103 7,227 450,000 SH   SOLE 450,000 0 0 94
INFINERA CORP Common 45667G903 1,606 100,000 SH Call SOLE 100,000 0 0 95
INFINERA CORP Common 45667G953 3,212 200,000 SH Put SOLE 200,000 0 0 96
INNOSPEC INC Common 45768S105 203 4,692 SH   SOLE 4,692 0 0 97
IPATH S&P 500 VIX S/T FU ETN Common 06742E901 1,762 100,000 SH Call DFND 0 100,000 0 98
ISHARES MSCI EMERGING MARKET Common 464287234 2,709 79,100 SH   DFND 0 79,100 0 99
JIVE SOFTWARE INC Common 47760A108 127 33,673 SH   SOLE 33,673 0 0 100
JOHNSON & JOHNSON Common 478160104 59,729 552,025 SH   SOLE 552,025 0 0 101
JOHNSON & JOHNSON Common 478160954 10,820 100,000 SH Put SOLE 100,000 0 0 102
JPMORGAN CHASE & CO Common 46625H100 784 13,233 SH   SOLE 13,233 0 0 103
JPMORGAN CHASE & CO Common 46625H950 1,777 30,000 SH Put SOLE 30,000 0 0 104
KBR INC Common 48242W106 385 24,888 SH   SOLE 24,888 0 0 105
KEY ENERGY SERVICES INC Common 492914106 10 27,525 SH   SOLE 27,525 0 0 106
KLONDEX MINES LTD Common 498696103 10,666 3,997,780 SH   SOLE 3,997,780 0 0 107
LAMAR ADVERTISING CO-A Common 512816109 269 4,375 SH   SOLE 4,375 0 0 108
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 12,625 500,000 SH   SOLE 500,000 0 0 109
LINCOLN NATIONAL CORP Common 534187109 529 13,500 SH   SOLE 13,500 0 0 110
LKQ CORP Common 501889208 9,579 300,000 SH   SOLE 300,000 0 0 111
LYONDELLBASELL INDU-CL A Common N53745100 471 5,500 SH   SOLE 5,500 0 0 112
MACY'S INC Common 55616P954 2,645 60,000 SH Put SOLE 60,000 0 0 113
MAG SILVER CORP Common 55903Q104 2,660 282,123 SH   SOLE 282,123 0 0 114
MARKET VECTORS GOLD MINERS Common 57060U100 564 28,250 SH   DFND 0 28,250 0 115
MARKET VECTORS JR GOLD MINER Common 57061R544 5,013 180,000 SH   SOLE 180,000 0 0 116
MASONITE INTERNATIONAL CORP Common 575385109 206 3,150 SH   SOLE 3,150 0 0 117
MAXWELL TECHNOLOGIES INC Common 577767106 104 17,511 SH   SOLE 17,511 0 0 118
METLIFE INC Common 59156R108 399 9,075 SH   SOLE 9,075 0 0 119
MICROSOFT CORP Common 594918104 19,906 360,428 SH   SOLE 360,428 0 0 120
MORGAN STANLEY Common 617446448 246 9,854 SH   SOLE 9,854 0 0 121
MURPHY OIL CORP Common 626717102 413 16,400 SH   SOLE 16,400 0 0 122
NATL PENN BCSHS INC Common 637138108 115 10,850 SH   SOLE 10,850 0 0 123
NEW SENIOR INVESTMENT GROUP Common 648691103 325 31,562 SH   SOLE 31,562 0 0 124
NEWMONT MINING CORP Common 651639906 2,658 100,000 SH Call SOLE 100,000 0 0 125
NEWS CORP - CLASS B Common 65249B208 139 10,460 SH   SOLE 10,460 0 0 126
NOVAGOLD RESOURCES INC Common 66987E206 66 13,166 SH   SOLE 13,166 0 0 127
OCCIDENTAL PETROLEUM CORP Common 674599105 421 6,148 SH   SOLE 6,148 0 0 128
OMNICOM GROUP Common 681919106 233 2,800 SH   SOLE 2,800 0 0 129
ON SEMICONDUCTOR CORP Common 682189105 319 33,225 SH   SOLE 33,225 0 0 130
ORACLE CORP Common 68389X105 1,127 27,560 SH   SOLE 27,560 0 0 131
PAN AMERICAN SILVER CORP Common 697900108 146 13,486 SH   SOLE 13,486 0 0 132
PARK STERLING CORP Common 70086Y105 131 19,615 SH   SOLE 19,615 0 0 133
PFIZER INC Common 717081103 26,519 894,687 SH   SOLE 894,687 0 0 134
PFIZER INC Common 717081953 2,964 100,000 SH Put SOLE 100,000 0 0 135
PRETIUM RESOURCES INC Common 74139C102 4,153 774,866 SH   SOLE 774,866 0 0 136
PRIMERO MINING CORP Common 74164W106 502 276,407 SH   SOLE 276,407 0 0 137
QUALCOMM INC Common 747525103 2,046 40,000 SH   SOLE 40,000 0 0 138
QUALCOMM INC Common 747525953 2,046 40,000 SH Put SOLE 40,000 0 0 139
REALOGY HOLDINGS CORP Common 75605Y106 17,152 475,000 SH   SOLE 475,000 0 0 140
REINSURANCE GROUP OF AMERICA Common 759351604 597 6,200 SH   SOLE 6,200 0 0 141
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 413 8,516 SH   SOLE 8,516 0 0 142
ROYAL GOLD INC Common 780287108 5,075 98,950 SH   SOLE 98,950 0 0 143
SCHWAB CHARLES CORP Common 808513105 2,802 100,000 SH   SOLE 100,000 0 0 144
SCHWAB CHARLES CORP Common 808513955 2,802 100,000 SH Put SOLE 100,000 0 0 145
SEAGATE TECHNOLOGY Common G7945M107 215 6,250 SH   SOLE 6,250 0 0 146
SILVER STANDARD RESOURCES Common 82823L106 3,819 688,067 SH   SOLE 688,067 0 0 147
SILVER WHEATON CORP Common 828336107 2,093 126,332 SH   SOLE 126,332 0 0 148
SPDR DJIA TRUST Common 78467X109 9,786 55,400 SH   DFND 0 55,400 0 149
SPDR GOLD SHARES Common 78463V107 3,153 26,800 SH   DFND 0 26,800 0 150
SPDR GOLD SHARES Common 78463V907 23,528 200,000 SH Call DFND 0 200,000 0 151
SPDR S&P METALS & MINING ETF Common 78464A755 665 32,500 SH   DFND 0 32,500 0 152
STAPLES INC Common 855030102 259 23,523 SH   SOLE 23,523 0 0 153
STILLWATER MINING CO Common 86074Q102 2,206 207,132 SH   SOLE 207,132 0 0 154
SUPERIOR ENERGY SERVICES INC Common 868157108 189 14,150 SH   SOLE 14,150 0 0 155
TAKE-TWO INTERACTIVE SOFTWRE Common 874054109 8,287 220,000 SH   SOLE 220,000 0 0 156
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 219 59,690 SH   SOLE 59,690 0 0 157
TEREX CORP Common 880779103 273 10,975 SH   SOLE 10,975 0 0 158
The Walt Disney Co. Common 254687956 3,972 40,000 SH Put SOLE 40,000 0 0 159
TIFFANY & CO Common 886547958 4,403 60,000 SH Put SOLE 60,000 0 0 160
TIME WARNER CABLE Common 88732J207 10,231 50,000 SH   DFND 0 50,000 0 161
TIME WARNER CABLE Common 88732J957 10,231 50,000 SH Put DFND 0 50,000 0 162
TIMMINS GOLD CORP Common 88741P103 297 1,308,915 SH   SOLE 1,308,915 0 0 163
TRAVELERS COS INC Common 89417E109 461 3,950 SH   SOLE 3,950 0 0 164
TRIBUNE MEDIA CO - A Common 896047503 391 10,190 SH   SOLE 10,190 0 0 165
TUPPERWARE BRANDS CORP Common 899896104 237 4,082 SH   SOLE 4,082 0 0 166
UBS GROUP AG-REG Common H42097107 170 10,625 SH   SOLE 10,625 0 0 167
UNION PACIFIC CORP Common 907818958 6,364 80,000 SH Put SOLE 80,000 0 0 168
UNITED PARCEL SERVICE-CL B Common 911312956 3,164 30,000 SH Put SOLE 30,000 0 0 169
UNITED TECHNOLOGIES CORP Common 913017959 4,004 40,000 SH Put SOLE 40,000 0 0 170
VISTA GOLD CORP Common 927926303 852 1,781,485 SH   SOLE 1,781,485 0 0 171
VORNADO REALTY TRUST Common 929042109 321 3,404 SH   SOLE 3,404 0 0 172
VOYA FINANCIAL INC Common 929089100 207 6,950 SH   SOLE 6,950 0 0 173
WALGREENS BOOTS ALLIANCE INC Common 931427958 11,794 140,000 SH Put SOLE 140,000 0 0 174
WAL-MART STORES INC Common 931142103 274 4,000 SH   SOLE 4,000 0 0 175
WESTERN DIGITAL CORP Common 958102105 20,545 434,910 SH   SOLE 434,910 0 0 176
WESTERN DIGITAL CORP Common 958102905 4,724 100,000 SH Call SOLE 100,000 0 0 177
WHOLE FOODS MARKET INC Common 966837956 3,111 100,000 SH Put SOLE 100,000 0 0 178