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
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 2,257 99,020 SH   DFND 1,2 99,020 0 0
AIR PRODS & CHEMS INC COM 009158106 5,557 38,530 SH   DFND 1,2 38,530 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,810 33,750 SH   DFND 1,2 33,750 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 4,149 183,679 SH   DFND 1,2 183,679 0 0
ANADARKO PETE CORP COM 032511107 12,498 151,496 SH   DFND 1,2 151,496 0 0
ANADARKO PETE CORP COM 032511107 4,125 50,000 SH Put DFND 1,2 50,000 0 0
ARCH COAL INC COM 039380100 828 465,447 SH   DFND 1,2 465,447 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 3,183 62,260 SH   DFND 1,2 62,260 0 0
ASBURY AUTOMOTIVE GROUP INC COM 043436104 11,350 149,504 SH   DFND 1,2 149,504 0 0
BAKER HUGHES INC COM 057224107 4,382 78,149 SH   DFND 1,2 78,149 0 0
BORGWARNER INC COM 099724106 3,675 66,879 SH   DFND 1,2 66,879 0 0
CANADIAN NAT RES LTD COM 136385101 8,865 287,089 SH   DFND 1,2 287,089 0 0
CANADIAN NAT RES LTD COM 136385101 3,088 100,000 SH Put DFND 1,2 100,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 15,367 785,217 SH   DFND 1,2 785,217 0 0
CLIFFS NAT RES INC COM 18683K101 3,966 555,451 SH   DFND 1,2 555,451 0 0
COMSTOCK RES INC COM NEW 205768203 482 70,781 SH   DFND 1,2 70,781 0 0
DEVON ENERGY CORP NEW COM 25179M103 6,121 100,000 SH Put DFND 1,2 100,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 13,409 219,067 SH   DFND 1,2 219,067 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,279 21,390 SH   DFND 1,2 21,390 0 0
EAGLE MATERIALS INC COM 26969P108 5,818 76,520 SH   DFND 1,2 76,520 0 0
ECOPETROL S A SPONSORED ADS 279158109 528 30,812 SH   DFND 1,2 30,812 0 0
ENERGY XXI LTD USD UNRS SHS G10082140 2,580 791,304 SH   DFND 1,2 791,304 0 0
EOG RES INC COM 26875P101 2,946 32,000 SH Put DFND 1,2 32,000 0 0
EQT CORP COM 26884L109 6,037 79,754 SH   DFND 1,2 79,754 0 0
EXCO RESOURCES INC COM 269279402 2,607 1,201,313 SH   DFND 1,2 1,201,313 0 0
EXTERRAN HLDGS INC COM 30225X103 4,600 141,181 SH   DFND 1,2 141,181 0 0
GREENBRIER COS INC COM 393657101 2,606 48,495 SH   DFND 1,2 48,495 0 0
GULFPORT ENERGY CORP COM NEW 402635304 19,581 469,130 SH   DFND 1,2 469,130 0 0
HALCON RES CORP COM NEW 40537Q209 737 413,856 SH   DFND 1,2 413,856 0 0
HD SUPPLY HLDGS INC COM 40416M105 3,666 124,320 SH   DFND 1,2 124,320 0 0
LINNCO LLC COMSHS LTD INT 535782106 125 12,055 SH   DFND 1,2 12,055 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 7,410 104,231 SH   DFND 1,2 104,231 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 7,566 2,409,693 SH   DFND 1,2 2,409,693 0 0
MARATHON OIL CORP COM 565849106 17,265 610,297 SH   DFND 1,2 610,297 0 0
MARATHON OIL CORP COM 565849106 2,829 100,000 SH Put DFND 1,2 100,000 0 0
NOW INC COM 67011P100 286 11,125 SH   DFND 1,2 11,125 0 0
NRG ENERGY INC COM NEW 629377508 2,229 82,700 SH   DFND 1,2 82,700 0 0
OWENS CORNING NEW COM 690742101 4,753 132,730 SH   DFND 1,2 132,730 0 0
PARAGON OFFSHORE PLC SHS G6S01W108 783 282,495 SH   DFND 1,2 282,495 0 0
PENN VA CORP COM 707882106 1,302 194,961 SH   DFND 1,2 194,961 0 0
PIONEER NAT RES CO COM 723787107 13,921 93,525 SH   DFND 1,2 93,525 0 0
PPL CORP COM 69351T106 3,616 99,530 SH   DFND 1,2 99,530 0 0
REX ENERGY CORPORATION COM 761565100 188 36,950 SH   DFND 1,2 36,950 0 0
SANCHEZ ENERGY CORP COM 79970Y105 138 14,802 SH   DFND 1,2 14,802 0 0
SANDRIDGE ENERGY INC COM 80007P307 977 537,073 SH   DFND 1,2 537,073 0 0
SCHLUMBERGER LTD COM 806857108 3,416 40,000 SH Put DFND 1,2 40,000 0 0
SEADRILL LIMITED SHS G7945E105 1,995 167,081 SH   DFND 1,2 167,081 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,330 23,507 SH   DFND 1,2 23,507 0 0
SEMGROUP CORP CL A 81663A105 1,449 21,187 SH   DFND 1,2 21,187 0 0
SOUTHWEST AIRLS CO COM 844741108 7,979 188,540 SH   DFND 1,2 188,540 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 8,222 40,000 SH   DFND 1,2 40,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 7,955 250,311 SH   DFND 1,2 250,311 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,178 100,000 SH Put DFND 1,2 100,000 0 0
SWIFT ENERGY CO COM 870738101 1,395 344,369 SH   DFND 1,2 344,369 0 0
TEEKAY CORPORATION COM Y8564W103 12,695 249,458 SH   DFND 1,2 249,458 0 0
TERRAFORM PWR INC CL A COM 88104R100 4,556 147,550 SH   DFND 1,2 147,550 0 0
TRANSOCEAN LTD REG SHS H8817H100 3,447 188,041 SH   DFND 1,2 188,041 0 0
TRIANGLE PETE CORP COM NEW 89600B201 458 95,808 SH   DFND 1,2 95,808 0 0
TRINITY INDS INC COM 896522109 4,455 159,039 SH   DFND 1,2 159,039 0 0
TYSON FOODS INC CL A 902494103 4,384 109,342 SH   DFND 1,2 109,342 0 0
U S SILICA HLDGS INC COM 90346E103 745 28,996 SH   DFND 1,2 28,996 0 0
ULTRA PETROLEUM CORP COM 903914109 1,620 123,104 SH   DFND 1,2 123,104 0 0
UNITED RENTALS INC COM 911363109 2,422 23,747 SH   DFND 1,2 23,747 0 0
UNITED STATES STL CORP NEW COM 912909108 4,414 165,071 SH   DFND 1,2 165,071 0 0
VULCAN MATLS CO COM 929160109 4,758 72,382 SH   DFND 1,2 72,382 0 0
WABCO HLDGS INC COM 92927K102 3,639 34,730 SH   DFND 1,2 34,730 0 0
WESTERN REFNG INC COM 959319104 15,350 406,303 SH   DFND 1,2 406,303 0 0