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 2,337 20,000 SH   DFND 1 20,000 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 11 1,900 SH   DFND   1,900 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 228 41,000 SH   DFND 1 41,000 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 88 6,500 SH   DFND   6,500 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 1,818 134,500 SH   DFND 1 134,500 0 0
AGCO CORP COM 001084102 1,679 37,000 SH   DFND 1 37,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 920 35,000 SH   DFND   35,000 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 740 225,000 SH   DFND   225,000 0 0
ALPHABET INC CAP STK CL A 02079K305 1,789 2,300 SH   DFND   2,300 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 50 8,602 SH   DFND   8,602 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,039 179,998 SH   DFND 1 179,998 0 0
AMERICAN EXPRESS CO COM 025816109 140 2,000 SH   DFND   2,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,252 18,000 SH   DFND 1 18,000 0 0
AMERIPRISE FINL INC COM 03076C106 288 2,700 SH   DFND   2,700 0 0
AMERIPRISE FINL INC COM 03076C106 1,022 9,600 SH   DFND 1 9,600 0 0
AMGEN INC COM 031162100 1,964 12,100 SH   DFND 1 12,100 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 391 55,000 SH   DFND   55,000 0 0
ANTHEM INC COM 036752103 2,384 17,100 SH   DFND 1 17,100 0 0
APPLE INC COM 037833100 379 3,600 SH   DFND   3,600 0 0
APPLE INC COM 037833100 1,316 12,500 SH   DFND 1 12,500 0 0
ASSURED GUARANTY LTD COM G0585R106 1,322 50,000 SH   DFND 1 50,000 0 0
AVNET INC COM 053807103 386 9,000 SH   DFND   9,000 0 0
AVNET INC COM 053807103 1,371 32,000 SH   DFND 1 32,000 0 0
B2GOLD CORP COM 11777Q209 204 200,000 SH   DFND   200,000 0 0
BAXALTA INC COM 07177M103 1,054 27,000 SH   DFND 1 27,000 0 0
BAXTER INTL INC COM 071813109 1,030 27,000 SH   DFND 1 27,000 0 0
BED BATH & BEYOND INC COM 075896100 362 7,500 SH   DFND   7,500 0 0
BERKLEY W R CORP COM 084423102 384 7,000 SH   DFND   7,000 0 0
BERKLEY W R CORP COM 084423102 3,833 70,000 SH   DFND 1 70,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,782 13,500 SH   DFND   13,500 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 535 20,800 SH   DFND   20,800 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1,608 55,000 SH   DFND 1 55,000 0 0
BORGWARNER INC COM 099724106 374 8,650 SH   DFND 1 8,650 0 0
BUCKLE INC COM 118440106 389 12,650 SH   DFND 1 12,650 0 0
CAL MAINE FOODS INC COM NEW 128030202 1,066 23,000 SH   DFND 1 23,000 0 0
CALPINE CORP COM NEW 131347304 1,013 70,000 SH   DFND 1 70,000 0 0
CAMBRIA ETF TR SHSHLD YIELD ETF 132061201 130 4,500 SH   DFND   4,500 0 0
CAMPBELL SOUP CO COM 134429109 1,314 25,000 SH   DFND 1 25,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,458 20,200 SH   DFND 1 20,200 0 0
CARTER INC COM 146229109 739 8,300 SH   DFND 1 8,300 0 0
CATERPILLAR INC DEL COM 149123101 1,427 21,000 SH   DFND 1 21,000 0 0
CENTRAL SECS CORP COM 155123102 8 443 SH   DFND   443 0 0
CENTRAL SECS CORP COM 155123102 177 9,293 SH   DFND 1 9,293 0 0
CISCO SYS INC COM 17275R102 787 29,000 SH   DFND   29,000 0 0
CISCO SYS INC COM 17275R102 2,308 85,000 SH   DFND 1 85,000 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 18383M605 115 3,000 SH   DFND   3,000 0 0
CLOROX CO DEL COM 189054109 2,156 17,000 SH   DFND 1 17,000 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 193 45,000 SH   DFND   45,000 0 0
COMPASS MINERALS INTL INC COM 20451N101 294 3,900 SH   DFND   3,900 0 0
CSX CORP COM 126408103 2,816 108,500 SH   DFND 1 108,500 0 0
CUMMINS INC COM 231021106 299 3,400 SH   DFND 1 3,400 0 0
CUSHING RENAISSANCE FD COM 231647108 9 600 SH   DFND   600 0 0
CUSHING RENAISSANCE FD COM 231647108 177 12,400 SH   DFND 1 12,400 0 0
DEERE & CO COM 244199105 1,335 17,500 SH   DFND 1 17,500 0 0
DICKS SPORTING GOODS INC COM 253393102 392 11,100 SH   DFND   11,100 0 0
DICKS SPORTING GOODS INC COM 253393102 1,396 39,500 SH   DFND 1 39,500 0 0
DOVER CORP COM 260003108 828 13,500 SH   DFND 1 13,500 0 0
ELDORADO GOLD CORP NEW COM 284902103 668 225,000 SH   DFND   225,000 0 0
EMERSON ELEC CO COM 291011104 48 1,000 SH   DFND   1,000 0 0
EMERSON ELEC CO COM 291011104 1,244 26,000 SH   DFND 1 26,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 1,023 40,000 SH   DFND 1 40,000 0 0
EXELON CORP COM 30161N101 1,430 51,500 SH   DFND 1 51,500 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 569 6,500 SH   DFND   6,500 0 0
EXXON MOBIL CORP COM 30231G102 390 5,000 SH   DFND   5,000 0 0
EXXON MOBIL CORP COM 30231G102 1,325 17,000 SH   DFND 1 17,000 0 0
FIRST AMERN FINL CORP COM 31847R102 2,334 65,000 SH   DFND 1 65,000 0 0
FIRST TR US IPO INDEX FD SHS 336920103 148 2,900 SH   DFND   2,900 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,691 120,000 SH   DFND 1 120,000 0 0
FRANCO NEVADA CORP COM 351858105 458 10,000 SH   DFND   10,000 0 0
FRANKLIN RES INC COM 354613101 552 15,000 SH   DFND   15,000 0 0
FRANKLIN RES INC COM 354613101 799 21,700 SH   DFND 1 21,700 0 0
GAMESTOP CORP NEW CL A 36467W109 322 11,500 SH   DFND   11,500 0 0
GAMESTOP CORP NEW CL A 36467W109 1,122 40,000 SH   DFND 1 40,000 0 0
GAP INC DEL COM 364760108 280 11,350 SH   DFND   11,350 0 0
GAP INC DEL COM 364760108 988 40,000 SH   DFND 1 40,000 0 0
GENERAL MTRS CO COM 37045V100 1,411 41,500 SH   DFND 1 41,500 0 0
GENERAL MTRS CO COM 37045V100 145 4,250 SH   DFND   4,250 0 0
GILEAD SCIENCES INC COM 375558103 1,272 12,570 SH   DFND 1 12,570 0 0
GOLDCORP INC NEW COM 380956409 636 55,000 SH   DFND   55,000 0 0
GREENBRIER COS INC COM 393657101 394 12,100 SH   DFND   12,100 0 0
GREENBRIER COS INC COM 393657101 1,403 43,000 SH   DFND 1 43,000 0 0
HCP INC COM 40414L109 1,319 34,500 SH   DFND 1 34,500 0 0
HIBBETT SPORTS INC COM 428567101 369 12,200 SH   DFND   12,200 0 0
HONEYWELL INTL INC COM 438516106 2,589 25,000 SH   DFND 1 25,000 0 0
ICONIX BRAND GROUP INC COM 451055107 399 58,400 SH   DFND   58,400 0 0
INGRAM MICRO INC CL A 457153104 91 3,000 SH   DFND   3,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 330 2,400 SH   DFND   2,400 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,239 9,000 SH   DFND 1 9,000 0 0
INVESCO LTD SHS G491BT108 67 2,000 SH   DFND   2,000 0 0
INVESCO LTD SHS G491BT108 1,239 37,000 SH   DFND 1 37,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 325 24,643 SH   DFND   24,643 0 0
JOHNSON & JOHNSON COM 478160104 1,130 11,000 SH   DFND   11,000 0 0
JOHNSON & JOHNSON COM 478160104 2,373 23,100 SH   DFND 1 23,100 0 0
JOY GLOBAL INC COM 481165108 631 50,000 SH   DFND 1 50,000 0 0
JPMORGAN CHASE & CO COM 46625H100 990 15,000 SH   DFND   15,000 0 0
KIMBALL ELECTRONICS INC COM 49428J109 288 26,250 SH   DFND   26,250 0 0
KIMBALL ELECTRONICS INC COM 49428J109 907 82,500 SH   DFND 1 82,500 0 0
KIMBALL INTL INC CL B 494274103 250 25,614 SH   DFND   25,614 0 0
KIMBALL INTL INC CL B 494274103 787 80,525 SH   DFND 1 80,525 0 0
KOHLS CORP COM 500255104 1,362 28,600 SH   DFND 1 28,600 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 507 4,100 SH   DFND   4,100 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,731 14,000 SH   DFND 1 14,000 0 0
LAS VEGAS SANDS CORP COM 517834107 1,271 29,000 SH   DFND 1 29,000 0 0
LMP CORPORATE LN FD INC COM 50208B100 6 600 SH   DFND   600 0 0
LMP CORPORATE LN FD INC COM 50208B100 123 12,400 SH   DFND 1 12,400 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 695 8,000 SH   DFND 1 8,000 0 0
MASTERCARD INC CL A 57636Q104 1,460 15,000 SH   DFND   15,000 0 0
MATTEL INC COM 577081102 679 25,000 SH   DFND 1 25,000 0 0
MCCORMICK & CO INC COM NON VTG 579780206 1,711 20,000 SH   DFND 1 20,000 0 0
MCDONALDS CORP COM 580135101 354 3,000 SH   DFND   3,000 0 0
MCDONALDS CORP COM 580135101 2,186 18,500 SH   DFND 1 18,500 0 0
MCKESSON CORP COM 58155Q103 374 1,895 SH   DFND   1,895 0 0
MELCO CROWN ENTMT LTD ADR 585464100 336 20,000 SH   DFND 1 20,000 0 0
MERCK & CO INC NEW COM 58933Y105 2,129 40,300 SH   DFND 1 40,300 0 0
MERCK & CO INC NEW COM 58933Y105 238 4,500 SH   DFND   4,500 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 330 8,250 SH   DFND   8,250 0 0
MINERALS TECHNOLOGIES INC COM 603158106 367 8,000 SH   DFND   8,000 0 0
MONSANTO CO NEW COM 61166W101 1,478 15,000 SH   DFND 1 15,000 0 0
MOSAIC CO NEW COM 61945C103 966 35,000 SH   DFND 1 35,000 0 0
MSC INDL DIRECT INC CL A 553530106 56 1,000 SH   DFND   1,000 0 0
MSC INDL DIRECT INC CL A 553530106 1,125 20,000 SH   DFND 1 20,000 0 0
MYRIAD GENETICS INC COM 62855J104 259 6,000 SH   DFND   6,000 0 0
NEW GOLD INC CDA COM 644535106 290 125,000 SH   DFND   125,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,216 100,000 SH   DFND 1 100,000 0 0
NEWMONT MINING CORP COM 651639106 810 45,000 SH   DFND   45,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,269 15,000 SH   DFND 1 15,000 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 154 500,000 SH   DFND   500,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 182 15,000 SH   DFND   15,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 607 50,000 SH   DFND 1 50,000 0 0
NUCOR CORP COM 670346105 142 3,519 SH   DFND   3,519 0 0
OMNICOM GROUP INC COM 681919106 334 4,425 SH   DFND   4,425 0 0
OMNICOM GROUP INC COM 681919106 696 9,200 SH   DFND 1 9,200 0 0
ORACLE CORP COM 68389X105 1,644 45,000 SH   DFND 1 45,000 0 0
PANERA BREAD CO CL A 69840W108 78 400 SH   DFND   400 0 0
PEPSICO INC COM 713448108 1,799 18,000 SH   DFND 1 18,000 0 0
PFIZER INC COM 717081103 1,291 40,000 SH   DFND 1 40,000 0 0
PHILIP MORRIS INTL INC COM 718172109 528 6,000 SH   DFND   6,000 0 0
PHILIP MORRIS INTL INC COM 718172109 2,461 28,000 SH   DFND 1 28,000 0 0
PHILLIPS 66 COM 718546104 1,677 20,500 SH   DFND 1 20,500 0 0
PJT PARTNERS INC COM CL A 69343T107 39 1,375 SH   DFND 1 1,375 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 220 1,500,000 SH   DFND   1,500,000 0 0
POLARIS INDS INC COM 731068102 507 5,900 SH   DFND   5,900 0 0
POLARIS INDS INC COM 731068102 1,796 20,900 SH   DFND 1 20,900 0 0
POTASH CORP SASK INC COM 73755L107 1,370 80,000 SH   DFND 1 80,000 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 139 3,050 SH   DFND   3,050 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,251 17,500 SH   DFND 1 17,500 0 0
PROCTER & GAMBLE CO COM 742718109 318 4,000 SH   DFND   4,000 0 0
PROCTER & GAMBLE CO COM 742718109 1,429 18,000 SH   DFND 1 18,000 0 0
QUALCOMM INC COM 747525103 1,000 20,000 SH   DFND 1 20,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 1,992 28,000 SH   DFND 1 28,000 0 0
RALPH LAUREN CORP CL A 751212101 111 1,000 SH   DFND   1,000 0 0
RALPH LAUREN CORP CL A 751212101 1,226 11,000 SH   DFND 1 11,000 0 0
RANDGOLD RES LTD ADR 752344309 929 15,000 SH   DFND   15,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 866 29,749 SH   DFND   29,749 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,019 35,000 SH   DFND 1 35,000 0 0
RMR REAL ESTATE INCOME FUND COM 76970B101 8 400 SH   DFND   400 0 0
RMR REAL ESTATE INCOME FUND COM 76970B101 166 8,600 SH   DFND 1 8,600 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 1,120 32,500 SH   DFND 1 32,500 0 0
SANOFI SPONSORED ADR 80105N105 214 5,000 SH   DFND   5,000 0 0
SANOFI SPONSORED ADR 80105N105 1,830 42,900 SH   DFND 1 42,900 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 951 25,950 SH   DFND 1 25,950 0 0
SEASPAN CORP SHS Y75638109 725 45,875 SH   DFND 1 45,875 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 51 2,694 SH   DFND   2,694 0 0
SOUTHERN CO COM 842587107 2,223 47,500 SH   DFND 1 47,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,177 11,600 SH   DFND   11,600 0 0
SPROTT FOCUS TR INC COM 85208J109 5 900 SH   DFND   900 0 0
SPROTT FOCUS TR INC COM 85208J109 117 20,100 SH   DFND 1 20,100 0 0
SYNGENTA AG SPONSORED ADR 87160A100 211 2,678 SH   DFND   2,678 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 392 12,000 SH   DFND   12,000 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 1,373 42,000 SH   DFND 1 42,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 848 21,650 SH   DFND 1 21,650 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 201 7,400 SH   DFND   7,400 0 0
UNION PAC CORP COM 907818108 989 12,650 SH   DFND 1 12,650 0 0
UNITED TECHNOLOGIES CORP COM 913017109 382 3,980 SH   DFND 1 3,980 0 0
US BANCORP DEL COM NEW 902973304 1,664 39,000 SH   DFND 1 39,000 0 0
WADDELL & REED FINL INC CL A 930059100 946 33,000 SH   DFND 1 33,000 0 0
WAL-MART STORES INC COM 931142103 435 7,100 SH   DFND   7,100 0 0
WAL-MART STORES INC COM 931142103 2,185 35,650 SH   DFND 1 35,650 0 0
WELLS FARGO & CO NEW COM 949746101 652 12,000 SH   DFND   12,000 0 0
WELLS FARGO & CO NEW COM 949746101 1,631 30,000 SH   DFND 1 30,000 0 0
WELLTOWER INC COM 95040Q104 1,531 22,500 SH   DFND 1 22,500 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 48 3,500 SH   DFND   3,500 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 927 67,500 SH   DFND 1 67,500 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 34 3,500 SH   DFND   3,500 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 657 67,500 SH   DFND 1 67,500 0 0
WESTERN REFNG INC COM 959319104 1,158 32,500 SH   DFND 1 32,500 0 0
WESTERN UN CO COM 959802109 1,487 83,000 SH   DFND 1 83,000 0 0
WESTERN UN CO COM 959802109 125 7,000 SH   DFND   7,000 0 0
WESTPAC BKG CORP SPONSORED ADR 961214301 1,454 60,000 SH   DFND 1 60,000 0 0
YAMANA GOLD INC COM 98462Y100 214 115,000 SH   DFND   115,000 0 0