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
3M CO COM COM 88579Y101 701 3,340 SH   DFND   200 3,140 0
A T & T INC (NEW) COM 00206R102 649 16,557 SH   DFND   11,532 5,025 0
ABBOTT LABS COM 002824100 591 11,074 SH   DFND   124 10,950 0
ABIOMED INC COM COM 003654100 1,796 10,648 SH   DFND   8,211 2,437 0
ALLEGHANY CORP DEL COM COM 017175100 388 700 SH   SOLE   700 0 0
AMBARELLA INC SHS COM G037AX101 2,583 52,709 SH   DFND   26,053 26,656 0
AMERICAN NATL INS CO COM COM 028591105 1,777 15,047 SH   DFND   10,545 4,502 0
APACHE CORP COM COM 037411105 2,484 54,235 SH   DFND   26,901 27,334 0
APPLIED MATLS INC COM COM 038222105 1,129 21,690 SH   DFND   13,729 7,961 0
ASTROTECH CORP COM 046484101 23 23,100 SH   SOLE   23,100 0 0
AVID TECHNOLOGY INC COM COM 05367P100 1,231 271,144 SH   DFND   133,329 137,815 0
BOEING CO COM COM 097023105 744 2,925 SH   SOLE   2,925 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 327 5,123 SH   SOLE   5,123 0 0
CADUS CORP COM COM 127639102 26 21,000 SH   DFND   2,000 19,000 0
CALIFORNIA RESOURCES CORP COM 13057Q107 0 2 SH   SOLE   2 0 0
CELGENE CORP COM COM 151020104 503 3,447 SH   DFND   1,505 1,942 0
CELGENE CORP CONTIN VAL RT WARRANT AND RIGH 151020112 31 20,000 SH   DFND   5,000 15,000 0
CHEVRONTEXACO CORP COM COM 166764100 992 8,440 SH   DFND   3,652 4,788 0
COCA COLA CO COM 191216100 257 5,700 SH   DFND   4,300 1,400 0
COEUR D ALENE MINES CORP IDAHO COM 192108504 1,075 116,916 SH   DFND   60,451 56,465 0
COMSCORE INC COM COM 20564W105 1,268 44,135 SH   DFND   21,506 22,629 0
COMSTOCK RES INC COM NEW COM 205768203 0 1 SH   SOLE   1 0 0
COMSTOCK RES INC.PIK NT CONVERTIBLE BOND 205768AM6 400 519,325 PRN   DFND   108,480 410,845 0
CONTANGO OIL & GAS COMPANY COM COM 21075N204 1,694 306,548 SH   DFND   143,329 163,219 0
CONTANGO ORE INC COM 001502377 5 300 SH   SOLE   300 0 0
CORNING INC COM COM 219350105 269 9,000 SH   SOLE   9,000 0 0
CREDIT SUISSE NASSAU BRH GOLD PREFERRED STOCKS 22542D480 277 30,490 SH   DFND   4,840 25,650 0
DEERE & CO COM COM 244199105 502 4,000 SH   DFND   2,000 2,000 0
DIREXION DAILY GOLD MINERS INDEX COM 001424958 10 300 SH   SOLE   300 0 0
DOWDUPONT INC COM 26078J100 378 5,464 SH   SOLE   5,464 0 0
ENSCO PLC SHS CLASS A COM G3157S106 2,381 398,818 SH   DFND   194,279 204,539 0
ERIE INDTY CO CL A COM 29530P102 1,242 10,307 SH   DFND   6,392 3,915 0
ETFS SILVER TRUST COM 26922X107 5 324 SH   SOLE   324 0 0
EXCO RESOURCES INC COM 269279402 0 66 SH   SOLE   66 0 0
EXTENDED STAY AMER INC SHS 1 C COM 30224P200 1,987 99,395 SH   DFND   47,626 51,769 0
EXXON MOBIL CORP COM COM 30231G102 547 6,672 SH   DFND   6,272 400 0
FIDELITY ADVISOR SER II FL RT MUTUAL FUNDS 315916783 188 19,505 SH   DFND   0 19,505 0
FINISAR CORP COM 31787A507 22 1,000 SH   SOLE   1,000 0 0
FIREEYE INC COM COM 31816Q101 5 285 SH   DFND   285 0 0
FLUOR CORP COM 343412102 17 400 SH   SOLE   400 0 0
GENERAL ELEC CO COM 369604103 264 10,930 SH   SOLE   10,930 0 0
GENTEX CORP COM COM 371901109 2,024 102,228 SH   DFND   48,998 53,230 0
GTT COMMUNICATIONS INC COM COM 362393100 2,471 78,059 SH   DFND   40,312 37,747 0
HERTZ GLOBAL HLDGS INC COM COM 42806J106 1,512 67,611 SH   DFND   33,891 33,720 0
HOLLYFRONTIER CORPORATION COM 436106108 1,217 33,835 SH   DFND   16,895 16,940 0
INTREPID POTASH INC COM COM 46121Y102 13 3,027 SH   SOLE   3,027 0 0
ISHARES GOLD TRUST COM 464285105 8 656 SH   SOLE   656 0 0
ISHARES TR RUSSELL MCP VL COM 464287473 1,098 12,930 SH   DFND   9,770 3,160 0
JOHNSON & JOHNSON COM 478160104 350 2,690 SH   SOLE   2,690 0 0
KANSAS CITY LIFE COM 484836200 634 12,889 SH   DFND   4,990 7,899 0
LUXOFT HLDG INC ORD SHS CL A COM G57279104 1,892 39,584 SH   DFND   19,717 19,867 0
MAZOR ROBOTICS LTD SPONSORED A COM 57886P103 1,771 35,859 SH   DFND   16,899 18,960 0
MCDERMOTT INTERNATIONAL COM 580037109 5 650 SH   SOLE   650 0 0
MERCK & COMPANY COM 58933Y105 537 8,380 SH   DFND   265 8,115 0
MICRON TECHNOLOGY INC COM COM 595112103 1,556 39,559 SH   DFND   20,799 18,760 0
MICROSOFT COM 594918104 451 6,055 SH   DFND   0 6,055 0
MILLS MUSIC TRUST COM 601158108 2 100 SH   SOLE   100 0 0
MITEK SYS INC COM NEW COM 606710200 273 28,725 SH   DFND   0 28,725 0
MTS SYS CORP COM COM 553777103 2,222 41,572 SH   DFND   20,407 21,165 0
NABORS INDUSTRIES LTD SHS COM G6359F103 1,446 179,080 SH   DFND   83,830 95,250 0
NEWMONT MINING CORP COM 651639106 11 300 SH   SOLE   300 0 0
NORFOLK SOUTHN CORP COM 655844108 410 3,100 SH   SOLE   3,100 0 0
NUTANIX INC CL A COM 67059N108 1,839 82,119 SH   DFND   39,924 42,195 0
OCLARO INC COM NEW COM 67555N206 856 99,166 SH   DFND   58,671 40,495 0
OLIN CORP COM PAR $1 COM 680665205 1,142 33,323 SH   DFND   18,758 14,565 0
ORGANOVO HLDGS INC COM COM 68620A104 72 32,415 SH   DFND   0 32,415 0
PCS EDVENTURES COM INC COM COM 69325N102 1 20,700 SH   DFND   0 20,700 0
PFIZER INC COM 717081103 422 11,820 SH   SOLE   11,820 0 0
PROSPECT CAPITAL CORPORATIONCO COM 74348T102 1,119 166,508 SH   DFND   97,324 69,184 0
PUBLIC STORAGE COM COM 74460D109 1,094 5,112 SH   DFND   1,707 3,405 0
QUALCOMM INC COM COM 747525103 373 7,200 SH   DFND   0 7,200 0
SENOMYX INC COM COM 81724Q107 1 1,662 SH   DFND   1,662 0 0
SJW CORP COM COM 784305104 438 7,740 SH   SOLE   7,740 0 0
SNAP ON INC COM COM 833034101 219 1,470 SH   SOLE   1,470 0 0
SUMMIT MATLS INC CL A COM 86614U100 2,207 68,913 SH   DFND   31,473 37,440 0
TRONOX LTD SHS CL A COM Q9235V101 288 13,639 SH   DFND   12,990 649 0
TROVAGENE INC COM NEW COM 897238309 20 26,925 SH   DFND   0 26,925 0
TWILIO INC CL A COM 90138F102 1,564 52,410 SH   DFND   25,565 26,845 0
UNILEVER NV N Y SHS NEW COM 904784709 331 5,600 SH   SOLE   5,600 0 0
UNION PAC CORP COM 907818108 360 3,100 SH   SOLE   3,100 0 0
UNITI GROUP INC COM COM 91325V108 757 51,661 SH   DFND   30,881 20,780 0
VANGUARD FIXED INCOME SECS FIN MUTUAL FUNDS 922031885 119 12,142 SH   DFND   0 12,142 0
VANGUARD FIXED INCOME SECS FIN MUTUAL FUNDS 922031810 398 40,577 SH   DFND   0 40,577 0
VANGUARD FIXED INCOME SECS GNM COM 922031307 664 63,095 SH   DFND   0 63,095 0
WELLTOWER INC COM COM 95040Q104 597 8,490 SH   DFND   0 8,490 0
WEYERHAEUSER CO COM COM 962166104 492 14,450 SH   DFND   0 14,450 0