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
Expires: July 31, 2015
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
ADVANCED MICRO DEVICES INC COM 007903107 1,102,567 1,898 SH DFND 1,898 0 0
AIRJOULE TECHNOLOGIES CORP *W EXP 03/15/202 612160119 88,292 67,917 SH DFND 67,917 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 4,100,232 34,686 SH DFND 34,686 0 0
ALCOA CORP COM 013872106 396,264 7,600 SH DFND 7,600 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 600,547 6,257 SH DFND 6,257 0 0
ALPHA TAU MEDICAL LTD *W EXP 99/99/999 M0740A116 160,144 54,286 SH DFND 54,286 0 0
ALPHABET INC CAP STK CL C 02079K107 361,810 1,024 SH DFND 1,024 0 0
AMAZON COM INC COM 023135106 466,431 1,957 SH DFND 1,957 0 0
APPLE INC COM 037833100 1,061,372 3,668 SH DFND 3,668 0 0
APPLIED DIGITAL CORP COM NEW 038169207 326,562 8,755 SH DFND 8,755 0 0
APPLOVIN CORP COM CL A 03831W108 583,756 1,133 SH DFND 1,133 0 0
ARM HOLDINGS PLC SPONSORED ADS 042068205 1,134,624 3,200 SH Put DFND 3,200 0 0
AST SPACEMOBILE INC COM CL A 00217D100 371,701 4,183 SH DFND 4,183 0 0
ASTERA LABS INC COM 04626A103 2,349,892 4,865 SH DFND 4,865 0 0
ATLANTA BRAVES HLDGS INC COM SER A 047726104 292,249 5,190 SH DFND 5,190 0 0
ATLANTA BRAVES HLDGS INC COM SER C 047726302 439,853 8,475 SH DFND 8,475 0 0
AURORA INNOVATION INC *W EXP 11/03/202 051774115 14,180 44,298 SH DFND 44,298 0 0
BIGBEAR AI HLDGS INC COM 08975B109 327,830 89,327 SH DFND 89,327 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 448,809 52,431 SH DFND 52,431 0 0
BLOOM ENERGY CORP COM CL A 093712107 827,885 2,735 SH DFND 2,735 0 0
BOREALIS FOODS INC *W EXP 02/07/202 09973D113 2,083 44,422 SH DFND 44,422 0 0
BRIGHTHOUSE FINL INC COM 10922N103 506,970 8,009 SH DFND 8,009 0 0
BRIGHTSTAR LOTTERY PLC SHS USD G4863A108 942,460 87,916 SH DFND 87,916 0 0
BROADCOM INC COM 11135F101 1,524,977 4,037 SH DFND 4,037 0 0
CANTOR EQUITY PARTNERS II IN CL A ORD SHS G1827P106 53,680 4,000 SH Call DFND 4,000 0 0
CANTOR EQUITY PARTNERS II IN CL A ORD SHS G1827P106 419,107 31,230 SH DFND 31,230 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,966,076 9,800 SH DFND 9,800 0 0
CELESTICA INC COM 15101Q207 449,798 1,233 SH DFND 1,233 0 0
CIRCLE INTERNET GROUP INC COM CL A 172573107 222,274 3,549 SH DFND 3,549 0 0
CLEANSPARK INC COM NEW 18452B209 957,390 65,800 SH DFND 65,800 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 235,658 1,612 SH DFND 1,612 0 0
CONSTELLIUM SE CL A SHS F21107101 3,500,027 109,822 SH DFND 109,822 0 0
CORE SCIENTIFIC INC NEW COM 21874A106 409,440 16,000 SH DFND 16,000 0 0
COREWEAVE INC COM CL A 21873S108 995,400 10,000 SH Put DFND 10,000 0 0
COREWEAVE INC COM CL A 21873S108 634,070 6,370 SH DFND 6,370 0 0
CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES G25457105 1,176,184 4,325 SH DFND 4,325 0 0
DESCARTES SYS GROUP INC COM 249906108 900,120 13,000 SH DFND 13,000 0 0
ETSY INC NOTE 1.000% 6/1 29786AAQ9 4,557,906 3,925,000 PRN DFND 3,925,000 0 0
EXZEO GROUP INC COM SHS 30234F101 1,958,219 116,077 SH DFND 116,077 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 2,410,560 62,000 SH DFND 62,000 0 0
FLEX LTD ORD Y2573F102 6,523,804 40,253 SH DFND 40,253 0 0
FLOWSERVE CORP COM 34354P105 2,298,960 31,000 SH DFND 31,000 0 0
GCT SEMICONDUCTOR HLDG INC *W EXP 03/01/202 36170N115 91,249 186,223 SH DFND 186,223 0 0
GEN DIGITAL INC RIGHT 99/99/9999 668771116 125,442 99,164 SH DFND 99,164 0 0
GLOBALSTAR INC COM NEW 378973507 422,952 5,203 SH DFND 5,203 0 0
GLOBUS MED INC CL A 379577208 2,196,162 27,796 SH DFND 27,796 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101 2,843,357 56,082 SH DFND 56,082 0 0
HADRON ENERGY INC *W EXP 05/22/203 40500A116 6,703 41,482 SH DFND 41,482 0 0
HADRON ENERGY INC COMMON STOCK 40500A108 214,969 105,896 SH DFND 105,896 0 0
HELPORT AI LTD *W EXP 03/31/202 G4R52R111 1,437 47,581 SH DFND 47,581 0 0
IRON HORSE ACQUISIT II CORP COM 46283H103 189,316 18,875 SH DFND 18,875 0 0
IRON HORSE ACQUISIT II CORP RIGHT 07/11/2030 46283H129 20,153 125,327 SH DFND 125,327 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 5,502,750 159,500 SH Call DFND 159,500 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 6,368,700 184,600 SH Put DFND 184,600 0 0
ISHARES INC MSCI STH KOR ETF 464286772 1,009,904 5,002 SH DFND 5,002 0 0
ISHARES SILVER TR ISHARES 46428Q109 390,331 7,300 SH DFND 7,300 0 0
ISHARES TR IBOXX HI YD ETF 464288513 559,790,000 7,000,000 SH Put DFND 7,000,000 0 0
ISHARES TR ISHARES SEMICDTR 464287523 411,368 642 SH DFND 642 0 0
ITT INC COM 45073V108 1,483,200 7,500 SH DFND 7,500 0 0
JAMES HARDIE INDS PLC ORD SHS G4253H101 3,040,205 116,127 SH DFND 116,127 0 0
JOBY AVIATION INC *W EXP 08/10/202 G65163118 19,213 53,059 SH DFND 53,059 0 0
K WAVE MEDIA LTD *W EXP 05/14/203 G53151125 5,014 253,240 SH DFND 253,240 0 0
LISTED FDS TR ROUN MA SEVE ETF 53656G498 709,422 11,033 SH DFND 11,033 0 0
LIVEWIRE GROUP INC *W EXP 09/26/202 53838J113 21,740 1,086,981 SH DFND 1,086,981 0 0
LUMENTUM HLDGS INC COM 55024U109 722,487 842 SH DFND 842 0 0
MANCHESTER UTD PLC NEW ORD CL A G5784H106 669,877 29,214 SH DFND 29,214 0 0
META PLATFORMS INC CL A 30303M102 3,091,899 5,489 SH DFND 5,489 0 0
MICRON TECHNOLOGY INC COM 595112103 2,213,928 1,918 SH DFND 1,918 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 892,874 2,150 SH DFND 2,150 0 0
NET POWER INC *W EXP 06/08/202 64107A113 8,420 29,036 SH DFND 29,036 0 0
NEWMONT CORP COM 651639106 3,679,960 39,400 SH Call DFND 39,400 0 0
NORFOLK SOUTHN CORP COM 655844108 423,438 1,346 SH DFND 1,346 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 663,717 345,686 SH DFND 345,686 0 0
NUSCALE PWR CORP CL A COM 67079K100 150,450 15,000 SH DFND 15,000 0 0
NUVEEN NASDAQ 100 DYNAMIC OV COM SHS 670699107 1,309,493 43,447 SH DFND 43,447 0 0
NUVEEN S&P 500 DYNAMIC OVERW COM 6706EW100 1,423,518 76,369 SH DFND 76,369 0 0
NVIDIA CORPORATION COM 67066G104 703,917 3,518 SH DFND 3,518 0 0
ORACLE CORP 6.5 DEP CUM SR D 68389X204 741,675 16,500 SH DFND 16,500 0 0
ORACLE CORP COM 68389X105 2,829,294 19,306 SH DFND 19,306 0 0
PALANTIR TECHNOLOGIES INC CL A 69608A108 402,745 3,452 SH DFND 3,452 0 0
PAYPAL HLDGS INC COM 70450Y103 450,626 10,436 SH DFND 10,436 0 0
PERSHING SQUARE INC COMMON STOCK 71531U102 548,762 16,700 SH Put DFND 16,700 0 0
POWERFLEET INC COM 73931J109 1,623,675 423,936 SH DFND 423,936 0 0
PRIMO BRANDS CORPORATION CLASS A COM SHS 741623102 2,189,971 89,606 SH DFND 89,606 0 0
RENEW ENERGY GLOBAL PLC *W EXP 08/21/202 G7500M120 418 126,560 SH DFND 126,560 0 0
RESIDEO TECHNOLOGIES INC COM 76118Y104 1,962,255 63,095 SH DFND 63,095 0 0
REVOLUTION MEDICINES INC COM 76155X100 486,928 2,600 SH Call DFND 2,600 0 0
RH COM 74967X103 1,421,290 8,628 SH DFND 8,628 0 0
ROBINHOOD MKTS INC COM CL A 770700102 613,112 6,114 SH DFND 6,114 0 0
ROCKET COS INC COM CL A 77311W101 611,100 38,800 SH Call DFND 38,800 0 0
ROCKET COS INC COM CL A 77311W101 19,940 1,266 SH DFND 1,266 0 0
SIZZLE ACQUISITION CORP. II RIGHT 04/02/2030 G8193F133 48,082 295,887 SH DFND 295,887 0 0
SIZZLE ACQUISITION CORP. II USD CL A ORD SHS G8193F109 34,872 3,366 SH DFND 3,366 0 0
SOLSTICE ADVANCED MATLS INC COM SHS 83443Q103 2,170,700 24,500 SH DFND 24,500 0 0
SOUTHLAND HLDGS INC *W EXP 02/14/202 84445C118 5,622 220,489 SH DFND 220,489 0 0
SPACE EXPLORATION TECHN CORP CLASS A COM STK 84615Q103 170,860 1,000 SH Call DFND 1,000 0 0
SPACE EXPLORATION TECHN CORP CLASS A COM STK 84615Q103 170,860 1,000 SH Put DFND 1,000 0 0
SPERO THERAPEUTICS INC COM 84833T103 226,963 102,698 SH DFND 102,698 0 0
STANDARDAERO INC COM 85423L103 1,944,240 65,003 SH DFND 65,003 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 1,866,925 2,500 SH Put DFND 2,500 0 0
STRATEGY INC CL A NEW 594972408 869,300 10,000 SH Call DFND 10,000 0 0
STRATEGY INC CL A NEW 594972408 1,321,336 15,200 SH Put DFND 15,200 0 0
STRATEGY INC CL A NEW 594972408 88,321 1,016 SH DFND 1,016 0 0
STRATEGY INC SERIES A PERP PF 594972887 1,944,530 33,059 SH DFND 33,059 0 0
SUPER MICRO COMPUTER INC 7 DEP CM SR A WI 86800U500 818,786 15,758 SH DFND 15,758 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302 38,129 1,300 SH Call DFND 1,300 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302 258,104 8,800 SH DFND 8,800 0 0
TRAVEL PLUS LEISURE CO COM 894164102 3,522,582 46,089 SH DFND 46,089 0 0
UNITEDHEALTH GROUP INC COM 91324P102 460,934 1,109 SH DFND 1,109 0 0
UNITY SOFTWARE INC NOTE 3/1 91332UAH4 4,926,162 4,350,000 PRN DFND 4,350,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 719,944 9,542 SH DFND 9,542 0 0
VIRTUS DIVIDEND INTEREST & P COM 92840R101 408,429 26,888 SH DFND 26,888 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 268,900 5,000 SH DFND 5,000 0 0
VISIONWAVE HOLDINGS INC *W EXP 07/14/203 927950113 18,492 26,995 SH DFND 26,995 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 627,496 23,537 SH DFND 23,537 0 0
WESTERN ASSET HIGH YIELD OPP COM 95768B107 254,833 23,973 SH DFND 23,973 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104 964,219 114,788 SH DFND 114,788 0 0
YETI HLDGS INC COM 98585X104 2,725,800 55,000 SH DFND 55,000 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 526,968 20,268 SH DFND 20,268 0 0
ZOOMINFO TECHNOLOGIES INC COMMON STOCK 98980F104 117,200 40,000 SH Call DFND 40,000 0 0