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 |
22ND CENTURY GROUP INC | Equity | 90137F301 | 690,899 | 3,140,452 | SH | | DFND | | 3,140,452 | 0 | 0 |
Adobe Inc | Equity | 00724F101 | 1,035,560 | 2,000 | SH | | DFND | | 2,000 | 0 | 0 |
AdvisorShares Pure US Cannabis ETF | Exchange Traded Fund | 00768Y453 | 32,712,860 | 4,562,463 | SH | | DFND | | 4,562,463 | 0 | 0 |
AdvisorShares Pure US Cannabis ETF | Option | 00768Y453 | 13,930,593 | 1,942,900 | SH | Call | DFND | | 1,942,900 | 0 | 0 |
Albemarle Corp | Preferred Convertible | 012653200 | 2,250,000 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Albertsons Cos Inc | Equity | 013091103 | 21,994,249 | 1,190,165 | SH | | DFND | | 1,190,165 | 0 | 0 |
Algonquin Power & Utilities Corp | Equity | 015857105 | 4,632,500 | 850,000 | SH | | DFND | | 850,000 | 0 | 0 |
Algonquin Power & Utilities Corp | Option | 015857105 | 2,731,978 | 500,000 | SH | Call | DFND | | 500,000 | 0 | 0 |
AMAZON.COM, INC. | Equity | 023135106 | 555,822 | 2,983 | SH | | DFND | | 2,983 | 0 | 0 |
American Tower Corp | Equity | 03027X100 | 2,260,483 | 9,720 | SH | | DFND | | 9,720 | 0 | 0 |
Americas Gold & Silver Corp | Equity | 03062D100 | 156,634 | 504,400 | SH | | DFND | | 504,400 | 0 | 0 |
Americold Realty Trust Inc | Equity | 03064D108 | 1,043,644 | 36,917 | SH | | DFND | | 36,917 | 0 | 0 |
Annaly Capital Management Inc | Equity | 035710839 | 2,759,625 | 137,500 | SH | | DFND | | 137,500 | 0 | 0 |
Apartment Investment and Management Co | Equity | 03748R747 | 2,201,159 | 243,491 | SH | | DFND | | 243,491 | 0 | 0 |
Arbor Realty Trust Inc | Option | 038923108 | 3,112,000 | 200,000 | SH | Put | DFND | | 200,000 | 0 | 0 |
ARGAN INC | Equity | 04010E109 | 4,564,350 | 45,000 | SH | | DFND | | 45,000 | 0 | 0 |
Array Technologies Inc | Bond Convertible | 04271TAB6 | 740,870 | 1,000,000 | SH | | DFND | | 1,000,000 | 0 | 0 |
Atlantica Sustainable Infrastructure PLC | Equity | G0751N103 | 3,762,910 | 171,197 | SH | | DFND | | 171,197 | 0 | 0 |
Bally's Corp | Equity | 05875B106 | 1,393,679 | 80,793 | SH | | DFND | | 80,793 | 0 | 0 |
BANK OF AMERICA CORP | Equity | 060505104 | 2,281,600 | 57,500 | SH | | DFND | | 57,500 | 0 | 0 |
BARRICK GOLD CORP | Option | 067901108 | 3,978,000 | 200,000 | SH | Call | DFND | | 200,000 | 0 | 0 |
BCE Inc | Option | 05534B760 | 6,953,050 | 200,000 | SH | Call | DFND | | 200,000 | 0 | 0 |
BCE Inc | Equity | 05534B760 | 3,476,525 | 100,000 | SH | | DFND | | 100,000 | 0 | 0 |
Berkshire Hathaway Inc | Equity | 084670702 | 560,597 | 1,218 | SH | | DFND | | 1,218 | 0 | 0 |
Bitdeer Technologies Group | Bond Convertible | 09175RAA8 | 1,182,370 | 1,000,000 | SH | | DFND | | 1,000,000 | 0 | 0 |
Bitfarms Ltd/Canada | Equity | 09173B107 | 1,014,914 | 481,002 | SH | | DFND | | 481,002 | 0 | 0 |
Blockchain Coinvestors Acquisition Corp I | Warrant | G11765115 | 30,218,748 | 2,636,889 | SH | | DFND | | 2,636,889 | 0 | 0 |
Bluejay Diagnostics Inc | Equity | 095633400 | 40,549 | 319,280 | SH | | DFND | | 319,280 | 0 | 0 |
Boeing Co/The | Option | 097023105 | 5,230,176 | 34,400 | SH | Call | DFND | | 34,400 | 0 | 0 |
Brookdale Senior Living Inc | Equity | 112463104 | 3,069,080 | 452,000 | SH | | DFND | | 452,000 | 0 | 0 |
Bullfrog AI Holdings Inc | Warrant | 12021E117 | 231,753 | 80,750 | SH | | DFND | | 80,750 | 0 | 0 |
CAE Inc | Equity | 124765108 | 2,212,131 | 117,838 | SH | | DFND | | 117,838 | 0 | 0 |
Canadian Natural Resources Ltd | Equity | 136385101 | 3,320,518 | 100,000 | SH | | DFND | | 100,000 | 0 | 0 |
Capri Holdings Ltd | Option | G1890L107 | 2,122,000 | 50,000 | SH | Call | DFND | | 50,000 | 0 | 0 |
Cenovus Energy Inc | Equity | 15135U109 | 31,405,424 | 1,877,800 | SH | | DFND | | 1,877,800 | 0 | 0 |
Charles Schwab Corp/The | Equity | 808513105 | 2,268,350 | 35,000 | SH | | DFND | | 35,000 | 0 | 0 |
Clear Channel Outdoor Holdings Inc | Equity | 18453H106 | 27,822,806 | 17,389,254 | SH | | DFND | | 17,389,254 | 0 | 0 |
Colliers International Group Inc | Equity | 194693107 | 1,623,789 | 10,700 | SH | | DFND | | 10,700 | 0 | 0 |
Core Scientific Inc | Equity | 21874A106 | 3,641,020 | 307,000 | SH | | DFND | | 307,000 | 0 | 0 |
Costco Wholesale Corp | Equity | 22160K105 | 645,387 | 728 | SH | | DFND | | 728 | 0 | 0 |
Despegar.com Corp | Equity | G27358103 | 2,439,898 | 196,766 | SH | | DFND | | 196,766 | 0 | 0 |
Digital Realty Trust Inc | Equity | 253868103 | 2,346,535 | 14,500 | SH | | DFND | | 14,500 | 0 | 0 |
DigitalBridge Group Inc | Equity | 25401T603 | 8,624,542 | 610,371 | SH | | DFND | | 610,371 | 0 | 0 |
Diversified Healthcare Trust | Equity | 25525P107 | 2,994,744 | 714,736 | SH | | DFND | | 714,736 | 0 | 0 |
EchoStar Corp | Bond Convertible | 25470MAF6 | 2,159,375 | 2,500,000 | SH | | DFND | | 2,500,000 | 0 | 0 |
Edible Garden AG Inc | Warrant | 28059P113 | 13,300 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Elme Communities | Equity | 939653101 | 1,977,309 | 112,411 | SH | | DFND | | 112,411 | 0 | 0 |
Ensysce Biosciences Inc | Equity | 293602405 | 236,044 | 983,518 | SH | | DFND | | 983,518 | 0 | 0 |
Equity Commonwealth | Equity | 294628102 | 4,157,886 | 208,939 | SH | | DFND | | 208,939 | 0 | 0 |
ERO Copper Corp | Equity | 296006109 | 2,226,248 | 100,000 | SH | | DFND | | 100,000 | 0 | 0 |
Esperion Therapeutics Inc | Equity | 29664W105 | 539,732 | 327,110 | SH | | DFND | | 327,110 | 0 | 0 |
FGI Industries Ltd | Warrant | G3302D111 | 568,711 | 740,991 | SH | | DFND | | 740,991 | 0 | 0 |
First Industrial Realty Trust Inc | Equity | 32054K103 | 3,280,540 | 58,602 | SH | | DFND | | 58,602 | 0 | 0 |
Five9 Inc | Equity | 338307101 | 42,426,855 | 1,476,744 | SH | | DFND | | 1,476,744 | 0 | 0 |
Five9 Inc | Option | 338307101 | 2,873,000 | 100,000 | SH | Call | DFND | | 100,000 | 0 | 0 |
Gildan Activewear Inc | Equity | 375916103 | 3,059,445 | 65,000 | SH | | DFND | | 65,000 | 0 | 0 |
Globalstar Inc | Equity | 378973408 | 20,457,601 | 16,498,065 | SH | | DFND | | 16,498,065 | 0 | 0 |
Gold Royalty Corp | Equity | 38071H106 | 548,420 | 403,250 | SH | | DFND | | 403,250 | 0 | 0 |
Gold Royalty Corp | Warrant | 38071H122 | 2,688,720 | 1,977,000 | SH | | DFND | | 1,977,000 | 0 | 0 |
Gorilla Technology Group Inc | Equity | G4000K175 | 74,211 | 17,339 | SH | | DFND | | 17,339 | 0 | 0 |
GREENWAVE TECHNOLOGY SOLUTIONS INC | Equity | 57630J403 | 238,582 | 558,741 | SH | | DFND | | 558,741 | 0 | 0 |
Haoxi Health Technology Ltd | Equity | G4290F100 | 19,122 | 53,102 | SH | | DFND | | 53,102 | 0 | 0 |
Haynes International Inc | Equity | 420877201 | 1,445,274 | 24,274 | SH | | DFND | | 24,274 | 0 | 0 |
Healthy Choice Wellness Corp | Equity | 42227T105 | 425,862 | 171,029 | SH | | DFND | | 171,029 | 0 | 0 |
Hepion Pharmaceuticals Inc | Equity | 426897302 | 128,155 | 231,849 | SH | | DFND | | 231,849 | 0 | 0 |
Hess Corp | Equity | 42809H107 | 42,315,823 | 311,604 | SH | | DFND | | 311,604 | 0 | 0 |
Hilton Worldwide Holdings Inc | Option | 43300A203 | 4,610,000 | 20,000 | SH | Put | DFND | | 20,000 | 0 | 0 |
Holley Inc | Equity | 43538H103 | 901,204 | 305,493 | SH | | DFND | | 305,493 | 0 | 0 |
Hub Cyber Security Ltd | Warrant | M6000J127 | 61,422 | 101,139 | SH | | DFND | | 101,139 | 0 | 0 |
Hudson Pacific Properties Inc | Option | 444097109 | 956,000 | 200,000 | SH | Call | DFND | | 200,000 | 0 | 0 |
Hudson Pacific Properties Inc | Equity | 444097109 | 257,771 | 53,927 | SH | | DFND | | 53,927 | 0 | 0 |
Icon Energy Corp | Equity | Y4001C107 | 125,891 | 59,664 | SH | | DFND | | 59,664 | 0 | 0 |
Industrial Logistics Properties Trust | Equity | 456237106 | 2,653,433 | 557,444 | SH | | DFND | | 557,444 | 0 | 0 |
Infinera Corp | Option | 45667G103 | 675,000 | 100,000 | SH | Put | DFND | | 100,000 | 0 | 0 |
iShares 20 Year Treasury Bond ETF | Option | 464287432 | 7,357,500 | 75,000 | SH | Put | DFND | | 75,000 | 0 | 0 |
iShares Bitcoin Trust ETF | Exchange Traded Fund | 46438F101 | 63,357,062 | 1,753,586 | SH | | DFND | | 1,753,586 | 0 | 0 |
iShares iBoxx $ High Yield Corporate Bond ETF | Option | 464288513 | 44,165,000 | 550,000 | SH | Put | DFND | | 550,000 | 0 | 0 |
iShares MSCI Canada ETF | Option | 464286509 | 28,648,800 | 690,000 | SH | Put | DFND | | 690,000 | 0 | 0 |
iShares Russell 2000 ETF | Option | 464287655 | 10,823,610 | 49,000 | SH | Put | DFND | | 49,000 | 0 | 0 |
iShares U.S. Real Estate ETF | Option | 464287739 | 48,897,600 | 480,000 | SH | Put | DFND | | 480,000 | 0 | 0 |
JAKKS Pacific Inc | Equity | 47012E403 | 2,081,309 | 81,556 | SH | | DFND | | 81,556 | 0 | 0 |
JetBlue Airways Corp | Bond Convertible | 477143AP6 | 1,852,200 | 2,000,000 | SH | | DFND | | 2,000,000 | 0 | 0 |
Kellanova | Equity | 487836108 | 1,614,200 | 20,000 | SH | | DFND | | 20,000 | 0 | 0 |
Laser Photonics Corp | Equity | 51807Q100 | 2,038,750 | 250,000 | SH | | DFND | | 250,000 | 0 | 0 |
Lightspeed Commerce Inc | Equity | 53229C107 | 850,355 | 51,528 | SH | | DFND | | 51,528 | 0 | 0 |
Liquidia Corp | Equity | 53635D202 | 1,764,030 | 176,403 | SH | | DFND | | 176,403 | 0 | 0 |
LOVESAC CO/THE | Equity | 54738L109 | 23,331,500 | 814,363 | SH | | DFND | | 814,363 | 0 | 0 |
Lululemon Athletica Inc | Equity | 550021109 | 1,085,400 | 4,000 | SH | | DFND | | 4,000 | 0 | 0 |
LXP Industrial Trust | Equity | 529043101 | 3,699,234 | 368,083 | SH | | DFND | | 368,083 | 0 | 0 |
Markel Group Inc | Equity | 570535104 | 494,103 | 315 | SH | | DFND | | 315 | 0 | 0 |
Match Group Inc | Equity | 57667L107 | 51,677,331 | 1,365,680 | SH | | DFND | | 1,365,680 | 0 | 0 |
MDJM Ltd | Equity | G59290109 | 181,806 | 305,556 | SH | | DFND | | 305,556 | 0 | 0 |
Medical Properties Trust Inc | Option | 58463J304 | 1,170,000 | 200,000 | SH | Put | DFND | | 200,000 | 0 | 0 |
MEI PHARMA INC | Equity | 55279B301 | 3,115,572 | 1,093,183 | SH | | DFND | | 1,093,183 | 0 | 0 |
Meihua International Medical Technologies Co Ltd | Equity | G5966G108 | 2,312,647 | 2,267,301 | SH | | DFND | | 2,267,301 | 0 | 0 |
Merck & Co Inc | Equity | 58933Y105 | 2,271,200 | 20,000 | SH | | DFND | | 20,000 | 0 | 0 |
Metals Acquisition Ltd | Equity | G60409110 | 692,500 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Morgan Stanley | Equity | 617446448 | 2,084,800 | 20,000 | SH | | DFND | | 20,000 | 0 | 0 |
Nano Dimension Ltd | ADR | 63008G203 | 46,706,580 | 19,063,910 | SH | | DFND | | 19,063,910 | 0 | 0 |
NET Lease Office Properties | Equity | 64110Y108 | 5,251,483 | 171,505 | SH | | DFND | | 171,505 | 0 | 0 |
NIKE Inc | Option | 654106103 | 2,652,000 | 30,000 | SH | Call | DFND | | 30,000 | 0 | 0 |
NRX Pharmaceuticals Inc | Equity | 629444209 | 240,867 | 142,525 | SH | | DFND | | 142,525 | 0 | 0 |
Nutrien Ltd | Equity | 67077M108 | 1,441,718 | 30,000 | SH | | DFND | | 30,000 | 0 | 0 |
Occidental Petroleum Corp | Equity | 674599105 | 39,453,148 | 765,486 | SH | | DFND | | 765,486 | 0 | 0 |
OmniAb Inc | Warrant | 68218J111 | 50,054 | 11,833 | SH | | DFND | | 11,833 | 0 | 0 |
Onfolio Holdings Inc | Warrant | 68277K124 | 216,000 | 200,000 | SH | | DFND | | 200,000 | 0 | 0 |
Osisko Gold Royalties Ltd | Equity | 68827L101 | 4,032,078 | 217,700 | SH | | DFND | | 217,700 | 0 | 0 |
Perficient Inc | Bond Convertible | 71375UAF8 | 3,448,025 | 3,500,000 | SH | | DFND | | 3,500,000 | 0 | 0 |
Pfizer Inc | Equity | 717081103 | 2,894,000 | 100,000 | SH | | DFND | | 100,000 | 0 | 0 |
Pineapple Energy Inc | Equity | 72303P305 | 17,863 | 133,207 | SH | | DFND | | 133,207 | 0 | 0 |
Psyence Biomedical Ltd | Warrant | 74449F118 | 1,250 | 12,500 | SH | | DFND | | 12,500 | 0 | 0 |
Rail Vision Ltd | Warrant | M8186D114 | 127,351 | 226,120 | SH | | DFND | | 226,120 | 0 | 0 |
Realty Income Corp | Equity | 756109104 | 507,360 | 8,000 | SH | | DFND | | 8,000 | 0 | 0 |
Reddit Inc | Equity | 75734B100 | 3,296,000 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Rexford Industrial Realty Inc | Equity | 76169C100 | 2,777,414 | 55,206 | SH | | DFND | | 55,206 | 0 | 0 |
Rogers Communications Inc | Equity | 775109200 | 3,252,708 | 80,899 | SH | | DFND | | 80,899 | 0 | 0 |
Safehold Inc | Equity | 78646V107 | 3,083,232 | 117,546 | SH | | DFND | | 117,546 | 0 | 0 |
SELLAS Life Sciences Group Inc | Equity | 81642T209 | 992,294 | 793,835 | SH | | DFND | | 793,835 | 0 | 0 |
SERITAGE GROWTH PROPERTIES | Equity | 81752R100 | 2,204,151 | 474,011 | SH | | DFND | | 474,011 | 0 | 0 |
SES AI Corp | Equity | 78397Q109 | 107,628 | 168,459 | SH | | DFND | | 168,459 | 0 | 0 |
SharkNinja Inc | Equity | G8068L108 | 5,435,500 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Smartsheet Inc | Equity | 83200N103 | 553,600 | 10,000 | SH | | DFND | | 10,000 | 0 | 0 |
SMX Security Matters PLC | Equity | G8267K208 | 266,800 | 230,000 | SH | | DFND | | 230,000 | 0 | 0 |
Snap Inc | Bond Convertible | 83304AAF3 | 1,714,000 | 2,000,000 | SH | | DFND | | 2,000,000 | 0 | 0 |
Solaris Resources Inc | Equity | 83419D201 | 2,750,953 | 1,063,047 | SH | | DFND | | 1,063,047 | 0 | 0 |
Solidion Technology Inc | Equity | 834212102 | 892,844 | 2,978,008 | SH | | DFND | | 2,978,008 | 0 | 0 |
Sonida Senior Living Inc | Equity | 140475203 | 3,379,508 | 126,384 | SH | | DFND | | 126,384 | 0 | 0 |
SPDR S&P 500 ETF Trust | Option | 78462F103 | 28,688,000 | 50,000 | SH | Put | DFND | | 50,000 | 0 | 0 |
Spero Therapeutics Inc | Equity | 84833T103 | 5,025,603 | 3,750,450 | SH | | DFND | | 3,750,450 | 0 | 0 |
Spirit Airlines Inc | Bond Convertible | 848577AB8 | 612,100 | 2,000,000 | SH | | DFND | | 2,000,000 | 0 | 0 |
Starbucks Corp | Option | 855244109 | 29,247,000 | 300,000 | SH | Put | DFND | | 300,000 | 0 | 0 |
Stronghold Digital Mining Inc | Equity | 86337R202 | 2,466,198 | 488,356 | SH | | DFND | | 488,356 | 0 | 0 |
Suncor Energy Inc | Option | 867224107 | 7,381,884 | 200,000 | SH | Call | DFND | | 200,000 | 0 | 0 |
Suncor Energy Inc | Equity | 867224107 | 3,690,943 | 100,000 | SH | | DFND | | 100,000 | 0 | 0 |
Super Group SGHC Ltd | Equity | G8588X103 | 2,066,926 | 569,401 | SH | | DFND | | 569,401 | 0 | 0 |
TC Energy Corp | Equity | 87807B107 | 2,620,845 | 55,136 | SH | | DFND | | 55,136 | 0 | 0 |
Teck Resources Ltd | Equity | 878742204 | 1,621,665 | 31,049 | SH | | DFND | | 31,049 | 0 | 0 |
TESLA, INC. | Option | 88160R101 | 3,924,450 | 15,000 | SH | Call | DFND | | 15,000 | 0 | 0 |
Theriva Biologics Inc | Equity | 87164U508 | 191,883 | 139,046 | SH | | DFND | | 139,046 | 0 | 0 |
Thunder Bridge Capital Partners IV Inc | Warrant | 88605L115 | 4,843,744 | 460,069 | SH | | DFND | | 460,069 | 0 | 0 |
Toronto-Dominion Bank/The | Equity | 891160509 | 3,161,553 | 50,000 | SH | | DFND | | 50,000 | 0 | 0 |
Triple Flag Precious Metals Corp | Equity | 89679M104 | 2,122,754 | 131,097 | SH | | DFND | | 131,097 | 0 | 0 |
Twilio Inc | Equity | 90138F102 | 41,589,685 | 637,683 | SH | | DFND | | 637,683 | 0 | 0 |
Unity Software Inc | Bond Convertible | 91332UAB7 | 1,788,200 | 2,000,000 | SH | | DFND | | 2,000,000 | 0 | 0 |
Veris Residential Inc | Equity | 554489104 | 1,935,274 | 108,358 | SH | | DFND | | 108,358 | 0 | 0 |
Veris Residential Inc | Option | 554489104 | 7,144,000 | 400,000 | SH | Call | DFND | | 400,000 | 0 | 0 |
Vertiv Holdings Co | Equity | 92537N108 | 994,900 | 10,000 | SH | | DFND | | 10,000 | 0 | 0 |
Vesta Real Estate Corp | ADR | 92540K109 | 2,081,573 | 77,267 | SH | | DFND | | 77,267 | 0 | 0 |
Vivid Seats Inc | Equity | 92854T100 | 3,958,330 | 1,069,819 | SH | | DFND | | 1,069,819 | 0 | 0 |
Vnet Group Inc | ADR | 90138A103 | 1,836,000 | 450,000 | SH | | DFND | | 450,000 | 0 | 0 |
Walt Disney Co/The | Equity | 254687106 | 3,366,650 | 35,000 | SH | | DFND | | 35,000 | 0 | 0 |
Western Copper & Gold Corp | Equity | 95805V108 | 626,739 | 526,500 | SH | | DFND | | 526,500 | 0 | 0 |
WiSA Technologies Inc | Equity | 86633R609 | 531,271 | 353,121 | SH | | DFND | | 353,121 | 0 | 0 |
XBP Europe Holdings Inc | Warrant | 98400V119 | 13,415 | 12,537 | SH | | DFND | | 12,537 | 0 | 0 |
XUNLEI LTD. | ADR | 98419E108 | 487,009 | 263,248 | SH | | DFND | | 263,248 | 0 | 0 |
Zapp Electric Vehicles Group Ltd | Warrant | G9889X115 | 115,500 | 37,500 | SH | | DFND | | 37,500 | 0 | 0 |
Zoomcar Holdings Inc | Warrant | 45784G119 | 2,644 | 18,750 | SH | | DFND | | 18,750 | 0 | 0 |