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
ACE LTD SHS H0023R105 2,068 20,000 SH   DFND 1 20,000 0 0
AGCO CORP COM 001084102 1,725 37,000 SH   DFND 1 37,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 886 35,000 SH   DFND   35,000 0 0
ALAMOS GOLD INC COM 011527108 830 225,000 SH   DFND   225,000 0 0
ALTERA CORP COM 021441100 100 2,000 SH   DFND   2,000 0 0
ALTERA CORP COM 021441100 2,003 40,000 SH   DFND 1 40,000 0 0
AMERICAN EXPRESS CO COM 025816109 148 2,000 SH   DFND   2,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,334 18,000 SH   DFND 1 18,000 0 0
AMGEN INC COM 031162100 1,674 12,100 SH   DFND 1 12,100 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 450 55,000 SH   DFND   55,000 0 0
ANTHEM INC COM 036752103 2,394 17,100 SH   DFND 1 17,100 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 270 15,680 SH   DFND   15,680 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 1,078 62,720 SH   DFND 1 62,720 0 0
AVNET INC COM 053807103 384 9,000 SH   DFND   9,000 0 0
AVNET INC COM 053807103 1,366 32,000 SH   DFND 1 32,000 0 0
B2GOLD CORP COM 11777Q209 210 200,000 SH   DFND   200,000 0 0
BAXALTA INC COM 07177M103 851 27,000 SH   DFND 1 27,000 0 0
BAXTER INTL INC COM 071813109 887 27,000 SH   DFND 1 27,000 0 0
BECTON DICKINSON & CO COM 075887109 398 3,000 SH   DFND   3,000 0 0
BECTON DICKINSON & CO COM 075887109 1,419 10,700 SH   DFND 1 10,700 0 0
BERKLEY W R CORP COM 084423102 380 7,000 SH   DFND   7,000 0 0
BERKLEY W R CORP COM 084423102 3,806 70,000 SH   DFND 1 70,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,760 13,500 SH   DFND   13,500 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 658 20,800 SH   DFND   20,800 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1,742 55,000 SH   DFND 1 55,000 0 0
CA INC COM 12673P105 403 14,750 SH   DFND   14,750 0 0
CA INC COM 12673P105 1,502 55,000 SH   DFND 1 55,000 0 0
CALPINE CORP COM NEW 131347304 1,022 70,000 SH   DFND 1 70,000 0 0
CAMBRIA ETF TR SHSHLD YIELD ETF 132061201 131 4,500 SH   DFND   4,500 0 0
CAMPBELL SOUP CO COM 134429109 1,267 25,000 SH   DFND 1 25,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,465 20,200 SH   DFND 1 20,200 0 0
CENTURYLINK INC COM 156700106 1,080 43,000 SH   DFND 1 43,000 0 0
CISCO SYS INC COM 17275R102 761 29,000 SH   DFND   29,000 0 0
CISCO SYS INC COM 17275R102 2,231 85,000 SH   DFND 1 85,000 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 18383M605 114 3,000 SH   DFND   3,000 0 0
CLOROX CO DEL COM 189054109 1,964 17,000 SH   DFND 1 17,000 0 0
COACH INC COM 189754104 261 9,000 SH   DFND   9,000 0 0
COACH INC COM 189754104 868 30,000 SH   DFND 1 30,000 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 268 45,000 SH   DFND   45,000 0 0
CSX CORP COM 126408103 2,919 108,500 SH   DFND 1 108,500 0 0
DEERE & CO COM 244199105 1,295 17,500 SH   DFND 1 17,500 0 0
DOVER CORP COM 260003108 772 13,500 SH   DFND 1 13,500 0 0
ELDORADO GOLD CORP NEW COM 284902103 725 225,000 SH   DFND   225,000 0 0
EMERSON ELEC CO COM 291011104 44 1,000 SH   DFND   1,000 0 0
EMERSON ELEC CO COM 291011104 1,148 26,000 SH   DFND 1 26,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 996 40,000 SH   DFND 1 40,000 0 0
EXELON CORP COM 30161N101 1,530 51,500 SH   DFND 1 51,500 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 526 6,500 SH   DFND   6,500 0 0
EXXON MOBIL CORP COM 30231G102 371 5,000 SH   DFND   5,000 0 0
EXXON MOBIL CORP COM 30231G102 1,264 17,000 SH   DFND 1 17,000 0 0
FIRST AMERN FINL CORP COM 31847R102 2,540 65,000 SH   DFND 1 65,000 0 0
FIRST TR US IPO INDEX FD SHS 336920103 141 2,900 SH   DFND   2,900 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,628 120,000 SH   DFND 1 120,000 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 333 60,000 SH   DFND   60,000 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 1,110 200,000 SH   DFND 1 200,000 0 0
FRANCO NEVADA CORP COM 351858105 440 10,000 SH   DFND   10,000 0 0
FRANKLIN RES INC COM 354613101 559 15,000 SH   DFND   15,000 0 0
GAP INC DEL COM 364760108 324 11,350 SH   DFND   11,350 0 0
GAP INC DEL COM 364760108 1,140 40,000 SH   DFND 1 40,000 0 0
GENERAL ELECTRIC CO COM 369604103 908 36,000 SH   DFND   36,000 0 0
GENERAL ELECTRIC CO COM 369604103 2,822 111,900 SH   DFND 1 111,900 0 0
GENERAL MTRS CO COM 37045V100 1,246 41,500 SH   DFND 1 41,500 0 0
GENERAL MTRS CO COM 37045V100 128 4,250 SH   DFND   4,250 0 0
GOLDCORP INC NEW COM 380956409 689 55,000 SH   DFND   55,000 0 0
GOOGLE INC CL A 38259P508 1,468 2,300 SH   DFND   2,300 0 0
HCP INC COM 40414L109 1,285 34,500 SH   DFND 1 34,500 0 0
HEALTH CARE REIT INC COM 42217K106 1,524 22,500 SH   DFND 1 22,500 0 0
HONEYWELL INTL INC COM 438516106 2,367 25,000 SH   DFND 1 25,000 0 0
INGRAM MICRO INC CL A 457153104 82 3,000 SH   DFND   3,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 348 2,400 SH   DFND   2,400 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,305 9,000 SH   DFND 1 9,000 0 0
INVESCO LTD SHS G491BT108 62 2,000 SH   DFND   2,000 0 0
INVESCO LTD SHS G491BT108 1,156 37,000 SH   DFND 1 37,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 342 24,643 SH   DFND   24,643 0 0
JOHNSON & JOHNSON COM 478160104 1,027 11,000 SH   DFND   11,000 0 0
JOHNSON & JOHNSON COM 478160104 2,156 23,100 SH   DFND 1 23,100 0 0
JOY GLOBAL INC COM 481165108 411 27,500 SH   DFND 1 27,500 0 0
JPMORGAN CHASE & CO COM 46625H100 915 15,000 SH   DFND   15,000 0 0
KIMBALL ELECTRONICS INC COM 49428J109 313 26,250 SH   DFND   26,250 0 0
KIMBALL ELECTRONICS INC COM 49428J109 984 82,500 SH   DFND 1 82,500 0 0
KIMBALL INTL INC CL B 494274103 331 35,000 SH   DFND   35,000 0 0
KIMBALL INTL INC CL B 494274103 1,041 110,000 SH   DFND 1 110,000 0 0
KOHLS CORP COM 500255104 1,324 28,600 SH   DFND 1 28,600 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 445 4,100 SH   DFND   4,100 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,519 14,000 SH   DFND 1 14,000 0 0
LAS VEGAS SANDS CORP COM 517834107 1,101 29,000 SH   DFND 1 29,000 0 0
LOEWS CORP COM 540424108 217 6,000 SH   DFND   6,000 0 0
LOEWS CORP COM 540424108 1,265 35,000 SH   DFND 1 35,000 0 0
MASTERCARD INC CL A 57636Q104 1,352 15,000 SH   DFND   15,000 0 0
MATTEL INC COM 577081102 527 25,000 SH   DFND 1 25,000 0 0
MCCORMICK & CO INC COM NON VTG 579780206 1,644 20,000 SH   DFND 1 20,000 0 0
MCDONALDS CORP COM 580135101 296 3,000 SH   DFND   3,000 0 0
MCDONALDS CORP COM 580135101 1,823 18,500 SH   DFND 1 18,500 0 0
MELCO CROWN ENTMT LTD ADR 585464100 275 20,000 SH   DFND 1 20,000 0 0
MERCK & CO INC NEW COM 58933Y105 1,990 40,300 SH   DFND 1 40,300 0 0
MERCK & CO INC NEW COM 58933Y105 222 4,500 SH   DFND   4,500 0 0
MINERALS TECHNOLOGIES INC COM 603158106 385 8,000 SH   DFND   8,000 0 0
MONSANTO CO NEW COM 61166W101 1,280 15,000 SH   DFND 1 15,000 0 0
MOSAIC CO NEW COM 61945C103 1,089 35,000 SH   DFND 1 35,000 0 0
MSC INDL DIRECT INC CL A 553530106 61 1,000 SH   DFND   1,000 0 0
MSC INDL DIRECT INC CL A 553530106 1,221 20,000 SH   DFND 1 20,000 0 0
MYRIAD GENETICS INC COM 62855J104 225 6,000 SH   DFND   6,000 0 0
NEW GOLD INC CDA COM 644535106 284 125,000 SH   DFND   125,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,310 100,000 SH   DFND 1 100,000 0 0
NEWMONT MINING CORP COM 651639106 723 45,000 SH   DFND   45,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,146 15,000 SH   DFND 1 15,000 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 155 500,000 SH   DFND   500,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 216 15,000 SH   DFND   15,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 718 50,000 SH   DFND 1 50,000 0 0
NUCOR CORP COM 670346105 132 3,519 SH   DFND   3,519 0 0
ORACLE CORP COM 68389X105 1,625 45,000 SH   DFND 1 45,000 0 0
ORANGE SPONSORED ADR 684060106 2,268 150,000 SH   DFND 1 150,000 0 0
PANERA BREAD CO CL A 69840W108 77 400 SH   DFND   400 0 0
PEPSICO INC COM 713448108 1,697 18,000 SH   DFND 1 18,000 0 0
PFIZER INC COM 717081103 1,191 37,924 SH   DFND 1 37,924 0 0
PHILIP MORRIS INTL INC COM 718172109 475 6,000 SH   DFND   6,000 0 0
PHILIP MORRIS INTL INC COM 718172109 2,221 28,000 SH   DFND 1 28,000 0 0
PHILLIPS 66 COM 718546104 1,575 20,500 SH   DFND 1 20,500 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 345 1,500,000 SH   DFND   1,500,000 0 0
POTASH CORP SASK INC COM 73755L107 925 45,000 SH   DFND 1 45,000 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 134 3,050 SH   DFND   3,050 0 0
PROCTER & GAMBLE CO COM 742718109 288 4,000 SH   DFND   4,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,295 18,000 SH   DFND 1 18,000 0 0
QUALCOMM INC COM 747525103 1,075 20,000 SH   DFND 1 20,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,721 28,000 SH   DFND 1 28,000 0 0
RALPH LAUREN CORP CL A 751212101 118 1,000 SH   DFND   1,000 0 0
RALPH LAUREN CORP CL A 751212101 1,300 11,000 SH   DFND 1 11,000 0 0
RANDGOLD RES LTD ADR 752344309 886 15,000 SH   DFND   15,000 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 30 4,900 SH   DFND   4,900 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 306 50,000 SH   DFND 1 50,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,006 29,749 SH   DFND   29,749 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,184 35,000 SH   DFND 1 35,000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 1,121 32,500 SH   DFND 1 32,500 0 0
SANOFI SPONSORED ADR 80105N105 236 5,000 SH   DFND   5,000 0 0
SANOFI SPONSORED ADR 80105N105 2,036 42,900 SH   DFND 1 42,900 0 0
SEASPAN CORP SHS Y75638109 703 45,875 SH   DFND 1 45,875 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 39 2,694 SH   DFND   2,694 0 0
SOUTHERN CO COM 842587107 2,123 47,500 SH   DFND 1 47,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,240 11,600 SH   DFND   11,600 0 0
SYNGENTA AG SPONSORED ADR 87160A100 171 2,678 SH   DFND   2,678 0 0
SYSCO CORP COM 871829107 1,754 45,000 SH   DFND 1 45,000 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 396 12,000 SH   DFND   12,000 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 1,385 42,000 SH   DFND 1 42,000 0 0
TIME WARNER INC COM NEW 887317303 1,471 21,400 SH   DFND 1 21,400 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 200 7,400 SH   DFND   7,400 0 0
UNILEVER N V N Y SHS NEW 904784709 1,508 37,500 SH   DFND 1 37,500 0 0
US BANCORP DEL COM NEW 902973304 1,599 39,000 SH   DFND 1 39,000 0 0
WADDELL & REED FINL INC CL A 930059100 1,147 33,000 SH   DFND 1 33,000 0 0
WAL-MART STORES INC COM 931142103 460 7,100 SH   DFND   7,100 0 0
WAL-MART STORES INC COM 931142103 1,258 19,400 SH   DFND 1 19,400 0 0
WELLS FARGO & CO NEW COM 949746101 616 12,000 SH   DFND   12,000 0 0
WELLS FARGO & CO NEW COM 949746101 1,541 30,000 SH   DFND 1 30,000 0 0
WESTERN REFNG INC COM 959319104 1,434 32,500 SH   DFND 1 32,500 0 0
WESTERN UN CO COM 959802109 1,524 83,000 SH   DFND 1 83,000 0 0
WESTERN UN CO COM 959802109 129 7,000 SH   DFND   7,000 0 0
WESTPAC BKG CORP SPONSORED ADR 961214301 1,264 60,000 SH   DFND 1 60,000 0 0
YAMANA GOLD INC COM 98462Y100 196 115,000 SH   DFND   115,000 0 0