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 17,239 375,000 SH   SOLE   375,000 0 0
AETNA INC Common 00817Y108 714 5,600 SH   SOLE   5,600 0 0
ALAMOS GOLD INC-CLASS A Common 011532108 7,329 913,634 SH   SOLE   913,634 0 0
ALPHABET INC-CL C Common 02079K107 332 400 SH   SOLE   400 0 0
AMERICAN AIRLINES GROUP INC Common 02376R102 554 13,100 SH   SOLE   13,100 0 0
AMERICAN AIRLINES GROUP INC Common 02376R952 4,230 100,000 SH Put SOLE   100,000 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 270 4,332 SH   SOLE   4,332 0 0
AMERICAN INTERNATIONAL GROUP Common 026874954 2,497 40,000 SH Put SOLE   40,000 0 0
ANADARKO PETROLEUM CORP Common 032511107 701 11,300 SH   SOLE   11,300 0 0
ANTHEM INC Common 036752103 9,939 60,100 SH   SOLE   60,100 0 0
ARC DOCUMENT SOLUTIONS INC Common 00191G103 41 11,995 SH   SOLE   11,995 0 0
ASANKO GOLD INC Common 04341Y105 5,751 2,193,787 SH   SOLE   2,193,787 0 0
ATHENE HOLDING LTD-CLASS A Common G0684D107 225 4,500 SH   SOLE   4,500 0 0
AVNET INC Common 053807103 334 7,300 SH   SOLE   7,300 0 0
AXALTA COATING SYSTEMS LTD Common G0750c108 17,127 531,900 SH   SOLE   531,900 0 0
BANK OF AMERICA CORP Common 060505104 317 13,448 SH   SOLE   13,448 0 0
BANK OF AMERICA CORP Warrant 060505153 2,949 125,000 SH   SOLE   125,000 0 0
BANK OF NEW YORK MELLON CORP Common 064058950 4,723 100,000 SH Put SOLE   100,000 0 0
BARRICK GOLD CORP Common 067901108 4,092 215,495 SH   SOLE   215,495 0 0
BARRICK GOLD CORP Common 067901908 9,495 500,000 SH Call SOLE   500,000 0 0
BARRICK GOLD CORP Common 067901958 9,495 500,000 SH Put SOLE   500,000 0 0
BRISTOL-MYERS SQUIBB CO Common 110122958 3,263 60,000 SH Put SOLE   60,000 0 0
BROOKDALE SENIOR LIVING INC Common 112463104 308 22,943 SH   SOLE   22,943 0 0
BWP COMMON UNITS Common 096627104 2,299,482 125,586,133 SH   SOLE   125,586,133 0 0
CALATLANTIC GROUP INC Common 128195104 487 13,000 SH   SOLE   13,000 0 0
CALPINE CORP Common 131347304 4,696 425,000 SH   SOLE   425,000 0 0
CAMECO CORP Common 13321L958 886 80,000 SH Put SOLE   80,000 0 0
CAPITAL ONE FINANCIAL CORP Common 14040H105 257 2,961 SH   SOLE   2,961 0 0
CARMAX INC Common 143130102 5,685 96,000 SH   SOLE   96,000 0 0
CARMAX INC Common 143130952 5,922 100,000 SH Put SOLE   100,000 0 0
CENOVUS ENERGY INC Common 15135U109 215 19,048 SH   SOLE   19,048 0 0
CIGNA CORP Common 125509109 221 1,509 SH   SOLE   1,509 0 0
CISCO SYSTEMS INC Common 17275R102 15,210 450,000 SH   SOLE   450,000 0 0
CITIGROUP INC Common 172967424 1,090 18,218 SH   SOLE   18,218 0 0
CLOUD PEAK ENERGY INC Common 18911Q102 4,809 1,050,000 SH   SOLE   1,050,000 0 0
CNA FINANCIAL CORP Common 126117100 10,717,840 242,649,773 SH   SOLE   242,649,773 0 0
CNO FINANCIAL GROUP INC Common 12621E103 318 15,500 SH   SOLE   15,500 0 0
COGNIZANT TECH SOLUTIONS-A Common 192446102 297 4,990 SH   SOLE   4,990 0 0
COMCAST CORP-CLASS A Common 20030N101 263 7,000 SH   SOLE   7,000 0 0
COMSTOCK MINING INC Common 205750102 355 1,584,982 SH   SOLE   1,584,982 0 0
COMTECH TELECOMMUNICATIONS Common 205826209 252 17,110 SH   SOLE   17,110 0 0
CONSTELLATION BRANDS INC-A Common 21036P958 6,483 40,000 SH Put SOLE   40,000 0 0
COVANTA HOLDING CORP Common 22282E102 1,045 66,534 SH   SOLE   66,534 0 0
CSX CORP Common 126408103 372 8,000 SH   SOLE   8,000 0 0
DELTA AIR LINES INC Common 247361702 667 14,510 SH   SOLE   14,510 0 0
DEVON ENERGY CORP Common 25179M103 430 10,300 SH   SOLE   10,300 0 0
DIAMOND OFFSHORE DRILLING Common 25271C102 1,221,819 73,119,047 SH   SOLE   73,119,047 0 0
DOLLAR GENERAL CORP Common 256677105 10,460 150,000 SH   SOLE   150,000 0 0
DOVER CORP Common 260003108 237 2,950 SH   SOLE   2,950 0 0
DOW CHEMICAL CO/THE Common 260543103 408 6,415 SH   SOLE   6,415 0 0
DYNEGY INC Common 26817R108 1,100 140,000 SH   SOLE   140,000 0 0
EATON CORP PLC Common G29183103 478 6,440 SH   SOLE   6,440 0 0
ELI LILLY & CO Common 532457958 3,364 40,000 SH Put SOLE   40,000 0 0
EOG RESOURCES INC Common 26875P101 312 3,200 SH   SOLE   3,200 0 0
EXETER RESOURCE CORP Common 301835104 7,167 4,148,421 SH   SOLE   4,148,421 0 0
EXPRESS SCRIPTS HOLDING CO Common 30219G108 33,285 505,000 SH   SOLE   505,000 0 0
EZCORP INC-CL A Common 302301106 102 12,491 SH   SOLE   12,491 0 0
FEDEX CORP Common 31428X106 693 3,550 SH   SOLE   3,550 0 0
FIRST CITIZENS BCSHS -CL A Common 31946M103 231 690 SH   SOLE   690 0 0
FIRST HORIZON NATIONAL CORP Common 320517105 284 15,373 SH   SOLE   15,373 0 0
FORD MOTOR CO Common 345370860 173 14,875 SH   SOLE   14,875 0 0
FRANKLIN RESOURCES INC Common 354613101 273 6,486 SH   SOLE   6,486 0 0
GENERAL MOTORS CO. Common 37045V100 9,023 255,180 SH   SOLE   255,180 0 0
GENERAL MOTORS CO. Warrant 37045V126 1,443 40,800 SH   SOLE   40,800 0 0
GOLAR LNG LTD Common G9456A100 292 10,438 SH   SOLE   10,438 0 0
GOLDCORP INC Common 380956409 1,459 100,000 SH   SOLE   100,000 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 579 2,519 SH   SOLE   2,519 0 0
GOVERNMENT PROPERTIES INCOME Common 38376A103 241 11,526 SH   SOLE   11,526 0 0
GRANITE REAL ESTATE INVESTMENT Common 387437114 326 9,345 SH   SOLE   9,345 0 0
HALLIBURTON CO Common 406216951 4,921 100,000 SH Put SOLE   100,000 0 0
HARSCO CORP Common 415864107 151 11,845 SH   SOLE   11,845 0 0
HCA HOLDINGS INC Common 40412C101 11,124 125,000 SH   SOLE   125,000 0 0
HCA HOLDINGS INC Common 40412C951 9,789 110,000 SH Put SOLE   110,000 0 0
HERTZ GLOBAL HOLDINGS INC Common 42806J106 22,446 1,279,700 SH   SOLE   1,279,700 0 0
HEWLETT PACKARD ENTERPRIS Common 42824C109 359 15,158 SH   SOLE   15,158 0 0
ICONIX BRAND GROUP INC Common 451055107 187 24,801 SH   SOLE   24,801 0 0
ILLUMINA INC Common 452327959 3,413 20,000 SH Put SOLE   20,000 0 0
INFINERA CORP Common 45667G103 4,399 430,000 SH   SOLE   430,000 0 0
INFINERA CORP Common 45667G953 1,944 190,000 SH Put SOLE   190,000 0 0
INNOSPEC INC Common 45768S105 330 5,092 SH   SOLE   5,092 0 0
JIVE SOFTWARE INC Common 47760A108 49 11,304 SH   SOLE   11,304 0 0
JPMORGAN CHASE & CO Common 46625H100 1,011 11,506 SH   SOLE   11,506 0 0
KBR INC Common 48242W106 418 27,813 SH   SOLE   27,813 0 0
KINROSS GOLD CORP Common 496902404 5,578 1,583,497 SH   SOLE   1,583,497 0 0
LAMAR ADVERTISING CO-A Common 512816109 234 3,125 SH   SOLE   3,125 0 0
LIBERTY INTERACTIVE CORP Q-A Common 53071M104 6,006 300,000 SH   SOLE   300,000 0 0
LINCOLN NATIONAL CORP Common 534187109 884 13,500 SH   SOLE   13,500 0 0
LKQ CORP Common 501889208 10,684 365,000 SH   SOLE   365,000 0 0
LYONDELLBASELL INDU-CL A Common N53745100 8,253 90,500 SH   SOLE   90,500 0 0
LYONDELLBASELL INDU-CL A Common N53745950 5,471 60,000 SH Put SOLE   60,000 0 0
MACY'S INC Common 55616P954 1,186 40,000 SH Put SOLE   40,000 0 0
MAG SILVER CORP Common 55903Q104 2,082 159,203 SH   SOLE   159,203 0 0
MARATHON PETROLEUM CORP Common 56585A102 16,173 320,000 SH   SOLE   320,000 0 0
MASONITE INTERNATIONAL CORP Common 575385109 213 2,682 SH   SOLE   2,682 0 0
MCKESSON CORP Common 58155Q103 253 1,708 SH   SOLE   1,708 0 0
METLIFE INC Common 59156R108 239 4,525 SH   SOLE   4,525 0 0
MICROSOFT CORP Common 594918104 10,274 156,000 SH   SOLE   156,000 0 0
MICROSOFT CORP Common 594918954 3,952 60,000 SH Put SOLE   60,000 0 0
MORGAN STANLEY Common 617446448 295 6,892 SH   SOLE   6,892 0 0
MTS SYSTEMS CORP Common 553777103 7,432 135,000 SH   SOLE   135,000 0 0
MURPHY OIL CORP Common 626717102 317 11,080 SH   SOLE   11,080 0 0
NEW SENIOR INVESTMENT GROUP Common 648691103 216 21,190 SH   SOLE   21,190 0 0
NOVAGOLD RESOURCES INC Common 66987E206 64 13,166 SH   SOLE   13,166 0 0
OMNICOM GROUP Common 681919106 269 3,125 SH   SOLE   3,125 0 0
ON SEMICONDUCTOR CORP Common 682189105 359 23,165 SH   SOLE   23,165 0 0
ORACLE CORP Common 68389X105 1,125 25,212 SH   SOLE   25,212 0 0
PAN AMERICAN SILVER CORP Common 697900108 236 13,486 SH   SOLE   13,486 0 0
PARK STERLING CORP Common 70086Y105 241 19,615 SH   SOLE   19,615 0 0
PFIZER INC Common 717081103 9,506 277,877 SH   SOLE   277,877 0 0
PFIZER INC Common 717081953 3,421 100,000 SH Put SOLE   100,000 0 0
PNC FINANCIAL SERVICES GROUP Common 693475955 3,607 30,000 SH Put SOLE   30,000 0 0
PRETIUM RESOURCES INC Common 74139C102 10,841 1,012,145 SH   SOLE   1,012,145 0 0
PROCTER & GAMBLE CO/THE Common 742718959 3,594 40,000 SH Put SOLE   40,000 0 0
REALOGY HOLDINGS CORP Common 75605Y106 20,406 685,000 SH   SOLE   685,000 0 0
REINSURANCE GROUP OF AMERICA Common 759351604 387 3,050 SH   SOLE   3,050 0 0
ROYAL DUTCH SHELL-SPON ADR-A Common 780259206 372 7,052 SH   SOLE   7,052 0 0
SCHWAB CHARLES CORP Common 808513955 6,122 150,000 SH Put SOLE   150,000 0 0
SCIENCE APPLICATIONS INTE Common 808625107 227 3,054 SH   SOLE   3,054 0 0
SILVER STANDARD RESOURCES Common 82823L106 4,383 413,118 SH   SOLE   413,118 0 0
SITEONE LANDSCAPE SUPPLY INC Common 82982L103 7,499 154,900 SH   SOLE   154,900 0 0
SOTHEBY'S Common 835898957 4,548 100,000 SH Put SOLE   100,000 0 0
SPDR S&P 500 ETF TRUST Common 78462F103 30,835 130,800 SH   SOLE   130,800 0 0
STAPLES INC Common 855030102 206 23,523 SH   SOLE   23,523 0 0
SUPERIOR ENERGY SERVICES INC Common 868157108 144 10,105 SH   SOLE   10,105 0 0
TARGET CORP Common 87612E956 3,311 60,000 SH Put SOLE   60,000 0 0
TEEKAY TANKERS LTD-CLASS A Common Y8565N102 153 74,790 SH   SOLE   74,790 0 0
TEREX CORP Common 880779103 414 13,175 SH   SOLE   13,175 0 0
THE WALT DISNEY CO. Common 254687956 6,803 60,000 SH Put SOLE   60,000 0 0
TIME WARNER INC Common 887317953 5,863 60,000 SH Put SOLE   60,000 0 0
TIMMINS GOLD CORP Common 88741P103 492 1,308,915 SH   SOLE   1,308,915 0 0
TRAVELERS COS INC Common 89417E109 476 3,950 SH   SOLE   3,950 0 0
TUPPERWARE BRANDS CORP Common 899896104 225 3,582 SH   SOLE   3,582 0 0
UBS GROUP AG-REG Common H42097107 169 10,625 SH   SOLE   10,625 0 0
VIRTUS INVESTMENT PARTNERS Common 92828Q109 380 3,587 SH   SOLE   3,587 0 0
VISTA GOLD CORP Common 927926303 3,267 3,203,217 SH   SOLE   3,203,217 0 0
VORNADO REALTY TRUST Common 929042109 314 3,127 SH   SOLE   3,127 0 0
VOYA FINANCIAL INC Common 929089100 296 7,805 SH   SOLE   7,805 0 0
WALGREENS BOOTS ALLIANCE INC Common 931427958 11,627 140,000 SH Put SOLE   140,000 0 0
WAL-MART STORES INC Common 931142103 207 2,875 SH   SOLE   2,875 0 0
WESTERN DIGITAL CORP Common 958102105 14,435 174,910 SH   SOLE   174,910 0 0
WESTERN DIGITAL CORP Common 958102905 2,063 25,000 SH Call SOLE   25,000 0 0
WHIRLPOOL CORP Common 963320106 240 1,400 SH   SOLE   1,400 0 0
WILLIS TOWERS WATSON PLC Common G96629103 17,670 135,000 SH   SOLE   135,000 0 0
WPX ENERGY INC Common 98212B103 166 12,400 SH   SOLE   12,400 0 0