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
AVALANCHE BIOTECHNOLOGIES IN COM 05337G107 2,240 235,264 SH   SOLE   235,264 0 0
COMCAST CORP-CLASS A CL A 20030N101 665 11,835 SH   SOLE   11,835 0 0
COMMUNICATIONS SALES & LEAS IN COM 20341J104 2,822 151,000 SH   SOLE   151,000 0 0
COSTAR GROUP INC COM 22160N109 52,928 256,072 SH   SOLE   256,072 0 0
DEL TACO RESTAURANTS INC COM 245496104 3,477 326,478 SH   SOLE   326,478 0 0
DHI GROUP INC COM 23331S100 143 15,605 SH   SOLE   15,605 0 0
FACEBOOK INC CL A 30303M102 645 6,163 SH   SOLE   6,163 0 0
HILTON WORLDWIDE HOLDINGS INC COM 43300A104 5,457 255,000 SH   SOLE   255,000 0 0
ISHARES TR CALL 464288903 3,576 44,850 SH Call DFND   44,850 0 0
ISHARES TR CALL 464288903 360 21,100 SH Call SOLE   21,100 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 3,045 9,000 SH   SOLE   9,000 0 0
KITE PHARMA INC COM 49803L109 145,305 2,358,084 SH   SOLE   2,358,084 0 0
LPL FINL HLDGS INC COM 50212V100 8,813 206,647 SH   SOLE   206,647 0 0
MARKET VECTORS ETF TR CALL 57061R904 581 30,225 SH Call DFND   30,225 0 0
MARKET VECTORS ETF TR CALL 57061R904 93 16,275 SH Call SOLE   16,275 0 0
MARKET VECTORS ETF TR PUT 57061R954 668 34,775 SH Put DFND   34,775 0 0
MARKET VECTORS ETF TR PUT 57061R954 109 18,725 SH Put SOLE   18,725 0 0
MIMEDX GROUP INC COM 602496101 8,952 955,365 SH   SOLE   955,365 0 0
NANTKWEST INC COM 63016Q102 77,734 4,485,495 SH   SOLE   4,485,495 0 0
NANTKWEST INC COM 63016Q102 173 10,000 SH   DFND   10,000 0 0
POWERSHS DB US DOLLAR INDEX PUT 73936D957 962 37,500 SH Put DFND   37,500 0 0
POWERSHS DB US DOLLAR INDEX PUT 73936D957 313 37,500 SH Put SOLE   37,500 0 0
SORRENTO THERAPEUTICS INC COM NEW 83587F202 21,774 2,499,936 SH   SOLE   2,315,936 0 0
SORRENTO THERAPEUTICS INC COM NEW 83587F202 1,077 123,597 SH   DFND   123,597 0 0
SPDR S&P 500 ETF TR PUT 78462F953 10,764 52,800 SH Put DFND   52,800 0 0
SPDR S&P 500 ETF TR PUT 78462F953 1,692 35,200 SH Put SOLE   35,200 0 0