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
26 CAPITAL ACQUISITION CORP COM CL A 90138P100 197 20,000 SH   DFND   20,000 0 0
ACCELERATE ACQUISITION CORP COM CL A 00439D102 194 20,000 SH   DFND   20,000 0 0
ACCELERATE ACQUISITION CORP UNIT 99/99/9999 00439D201 226 22,670 SH   DFND   22,670 0 0
ACKRELL SPAC PARTNERS I CO UNIT 99/99/9999 00461L303 253 25,000 SH   DFND   25,000 0 0
ADAM NAT RES FD INC COM 00548F105 282 17,050 SH   DFND   17,050 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 291 15,000 SH   DFND   15,000 0 0
ADIT EDTECH ACQUISITION CORP UNIT 99/99/9999 007024201 142 13,900 SH   DFND   13,900 0 0
ADTHEORENT HOLDING COMPANY *W EXP 99/99/999 00739D117 14 20,000 SH   DFND   20,000 0 0
AEA-BRIDGES IMPACT CORP SHS CL A G01046104 100 10,000 SH   DFND   10,000 0 0
AETHERIUM ACQUISITION CORP UNIT 12/21/2026 00809J200 300 30,000 SH   DFND   30,000 0 0
AF ACQUISITION CORP UNIT 03/23/2028 001040203 403 40,664 SH   DFND   40,664 0 0
AG MTG INVT TR INC COM NEW 001228501 124 12,130 SH   DFND   12,130 0 0
AGILE GROWTH CORP UNIT 03/09/2026 G01202129 198 20,000 SH   DFND   20,000 0 0
AHREN ACQUISITION CORP UNIT 12/09/2026 G01322117 200 20,000 SH   DFND   20,000 0 0
ALTITUDE ACQUISITION CORP *W EXP 11/30/202 02156Y111 12 20,000 SH   DFND   20,000 0 0
ALTITUDE ACQUISITION CORP COM CL A 02156Y103 198 20,000 SH   DFND   20,000 0 0
ALTITUDE ACQUISITION CORP COM CL A 02156Y103 0 10,200 SH Call DFND   10,200 0 0
ANZU SPECIAL ACQUISITIN CORP COM CL A 03737A101 195 20,000 SH   DFND   20,000 0 0
APX ACQUISITION CORP I UNIT 12/07/2026 G0440J117 504 50,000 SH   DFND   50,000 0 0
ARCHIMEDES TECH SPAC PARTNR UNIT 03/10/2026 039562202 420 40,799 SH   DFND   40,799 0 0
ARCHIMEDES TECH SPAC PARTNR UNIT 99/99/9999 039562301 346 35,000 SH   DFND   35,000 0 0
ARES ACQUISITION CORPORATION COM CL A G33032106 188 19,322 SH   DFND   19,322 0 0
ARES ACQUISITION CORPORATION UNIT 99/99/9999 G33032114 199 20,000 SH   DFND   20,000 0 0
ATHENA TECHNOLOGY ACQ CORP I UNIT 99/99/9999 04687C204 199 20,000 SH   DFND   20,000 0 0
ATLANTIC COASTAL ACQUISTN CO UNIT 03/02/2026 048453203 587 58,718 SH   DFND   58,718 0 0
AUSTERLITZ ACQUISITION CORP *W EXP 02/19/202 G0633U127 18 18,400 SH   DFND   18,400 0 0
AUSTERLITZ ACQUISITION CORP COM CL A G0633U101 194 20,000 SH   DFND   20,000 0 0
AVAYA HLDGS CORP NOTE 2.250% 6/1 05351XAB7 4,911 4,640,000 PRN   DFND   4,640,000 0 0
B RILEY PRINCIPAL 150 MERGER COM CL A 05601V103 432 42,690 SH   DFND   42,690 0 0
BATTERY FUTURE ACQUISITION C UNIT 99/99/9999 G0888J116 200 20,000 SH   DFND   20,000 0 0
BIOTECH ACQUISITION COMPANY *W EXP 11/30/202 G1125A116 7 10,000 SH   DFND   10,000 0 0
BITE ACQUISITION CORP UNIT 99/99/9999 09175K204 157 15,883 SH   DFND   15,883 0 0
BLACKROCK CAP ALLOCATION TR COM 09260U109 1,319 67,826 SH   DFND   67,826 0 0
BLACKROCK ESG CAP ALLC TR SHS BEN INT 09262F100 605 32,420 SH   DFND   32,420 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103 534 35,800 SH   DFND   35,800 0 0
BNY MELLON STRATEGIC MUNS IN COM 05588W108 96 11,300 SH   DFND   11,300 0 0
BOA ACQUISITION CORP UNIT 99/99/9999 05601A208 306 30,510 SH   DFND   30,510 0 0
BRIDGETOWN 2 HOLDINGS LTD CL A G1355V103 99 10,000 SH   DFND   10,000 0 0
BUILD ACQUISITION CORP UNIT 99/99/9999 12008J204 356 36,154 SH   DFND   36,154 0 0
BURGUNDY TECHNOLOGY ACQU COR *W EXP 08/31/202 G1702T124 6 10,000 SH   DFND   10,000 0 0
BURGUNDY TECHNOLOGY ACQU COR CL A G1702T116 200 20,000 SH   DFND   20,000 0 0
BURTECH ACQUISITION CORP UNIT 12/10/2026 123013203 500 50,000 SH   DFND   50,000 0 0
CAPSTAR SPL PURP ACQUISITION COM CL A 14070Y101 199 20,000 SH   DFND   20,000 0 0
CARTESIAN GROWTH CORP UNIT 02/26/2028 G19276123 162 16,000 SH   DFND   16,000 0 0
CC NEUBERGER PRIN HLDGS II SHS CL A G3166T103 660 66,684 SH   DFND   66,684 0 0
CHURCHILL CAPITAL CORP V COM CL A 17144T107 98 10,000 SH   DFND   10,000 0 0
CHURCHILL CAPITAL CORP VII COM CL A 17144M102 197 20,000 SH   DFND   20,000 0 0
COHEN & STEERS TAX ADVAN PFD COM 19249X108 903 37,544 SH   DFND   37,544 0 0
COHN ROBBINS HOLDINGS CORP *W EXP 08/28/202 G23726113 16 20,000 SH   DFND   20,000 0 0
COHN ROBBINS HOLDINGS CORP COM CL A G23726105 590 60,000 SH   DFND   60,000 0 0
CONSTELLATION ACQUISITN CORP UNIT 99/99/9999 G2R18K121 99 10,000 SH   DFND   10,000 0 0
CONX CORP *W EXP 10/30/202 212873111 9 10,000 SH   DFND   10,000 0 0
CONX CORP COM CL A 212873103 246 25,000 SH   DFND   25,000 0 0
CORAZON CAPITAL V838 MONOCER UNIT 03/24/2026 G24237110 144 14,408 SH   DFND   14,408 0 0
COVA ACQUISITION CORP CL A SHS G2554Y104 202 20,655 SH   DFND   20,655 0 0
CROWN PROPTECH ACQUISITIONS UNIT 99/99/9999 G25741128 458 46,100 SH   DFND   46,100 0 0
D AND Z MEDIA ACQUISITION CO COM CL A 23305Q106 170 17,400 SH   DFND   17,400 0 0
DECARBONIZATION PLUS ACQU II COM CL A 242794105 499 50,000 SH   DFND   50,000 0 0
DECARBONIZATION PLUS ACQUISI COM CL A G2773W103 296 30,000 SH   DFND   30,000 0 0
DELAWARE ENHANCED GLOBAL DIV COM 246060107 284 27,966 SH   DFND   27,966 0 0
DHC ACQUISITION CORP CLASS A ORD SHS G2758T109 389 40,000 SH   DFND   40,000 0 0
DIGITAL WORLD ACQUISITION CO CLASS A COM 25400Q105 5 20,000 SH Put DFND   20,000 0 0
DISRUPTIVE ACQUISITION CORP UNIT 03/06/2026 G2770Y110 392 39,166 SH   DFND   39,166 0 0
DMY TECHNOLOGY GROUP INC VI CL A COM 233247105 196 20,000 SH   DFND   20,000 0 0
DUDDELL STREET ACQUISITN COR CL A G28553108 198 20,000 SH   DFND   20,000 0 0
DUNE ACQUISITION CORP *W EXP 10/29/202 265334110 12 25,000 SH   DFND   25,000 0 0
DUNE ACQUISITION CORP COM CL A 265334102 248 25,000 SH   DFND   25,000 0 0
EAST RES ACQUISITION CO COM CL A 274681105 204 20,705 SH   DFND   20,705 0 0
EJF ACQUISITION CORP CL A SHS G2955B109 258 26,000 SH   DFND   26,000 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 342 32,921 SH   DFND   32,921 0 0
ELLIOTT OPPORTUNITY II CORP SHS CL A G30092103 489 50,000 SH   DFND   50,000 0 0
EQ HEALTH ACQUISITION CORP UNIT 02/02/2028 26886A200 151 15,404 SH   DFND   15,404 0 0
EQUITY DISTR ACQUISITION COR COM CL A 29465E106 100 10,177 SH   DFND   10,177 0 0
EVE MOBILITY ACQUISITION COR UNIT 99/99/9999 G3218G125 300 30,000 SH   DFND   30,000 0 0
EVO ACQUISITION CORP UNIT 99/99/9999 30052G207 287 28,900 SH   DFND   28,900 0 0
FAR PEAK ACQUISITION CORP SHS CL A G3312L103 302 30,000 SH   DFND   30,000 0 0
FINANCIAL STRATEGIES ACQUISI UNIT 03/31/2028 31772T206 207 20,000 SH   DFND   20,000 0 0
FIRST RESERVE SUSTAINABLE GW CLASS A COM 336169107 198 20,000 SH   DFND   20,000 0 0
FIRSTMARK HORIZON ACQUISITIO CL A COM 33765Y101 198 20,000 SH   DFND   20,000 0 0
FLAME ACQUISITION CORP COM CL A 33850F108 194 20,000 SH   DFND   20,000 0 0
FORTRESS CAPITAL ACQUISITION SHS CL A G36427105 267 27,400 SH   DFND   27,400 0 0
FRONTIER INVESTMENT CORP UNIT 06/29/2026 G36816117 99 10,000 SH   DFND   10,000 0 0
FTAC EMERALD ACQUISITION COR UNIT 10/19/2028 29103K209 199 20,000 SH   DFND   20,000 0 0
GAMCO NAT RES GOLD & INCOME SH BEN INT 36465E101 467 87,242 SH   DFND   87,242 0 0
GARDINER HEALTHCARE ACQTS CO UNIT 99/99/9999 365506203 303 30,000 SH   DFND   30,000 0 0
GDL FD COM SH BEN IT 361570104 1,238 138,686 SH   DFND   138,686 0 0
GENESIS GRWT TECH ACQUSTN CO UNIT 99/99/9999 G3R23D110 201 20,000 SH   DFND   20,000 0 0
GIGCAPITAL 5 INC UNIT 99/99/9999 37519U208 161 15,530 SH   DFND   15,530 0 0
GO ACQUISITION CORP COM 362019101 152 15,419 SH   DFND   15,419 0 0
GOAL ACQUISITIONS CORP COM 38021H107 195 20,014 SH   DFND   20,014 0 0
GOLDEN ARROW MERGER CORP UNIT 07/31/2026 380799205 688 70,000 SH   DFND   70,000 0 0
GOOD WKS II ACQUISITION CORP *W EXP 02/01/202 38216G112 11 20,000 SH   DFND   20,000 0 0
GOOD WKS II ACQUISITION CORP COMMON STOCK 38216G104 392 40,000 SH   DFND   40,000 0 0
GORES METROPOULOS II INC CL A 382873107 146 14,612 SH   DFND   14,612 0 0
GROWTH CAP ACQUISITION CORP UNIT 06/01/2027 39986V206 529 51,040 SH   DFND   51,040 0 0
GX ACQUISITION CORP II UNIT 03/17/2026 36260F204 147 14,900 SH   DFND   14,900 0 0
HAYMAKER ACQUISITION CORP II CLASS A COM 42087R108 98 10,000 SH   DFND   10,000 0 0
HAYMAKER ACQUISITION CORP II UNIT 03/01/2026 42087R207 216 21,506 SH   DFND   21,506 0 0
HEALTHCARE AI ACQUISITION CO UNIT 12/07/2026 G4373K125 200 20,000 SH   DFND   20,000 0 0
HEALTHCARE CAPITAL CORP *W EXP 12/31/202 42228C119 12 25,000 SH   DFND   25,000 0 0
HEALTHCARE CAPITAL CORP COM CL A 42228C101 147 15,000 SH   DFND   15,000 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 60,040 2,402,567 SH   DFND   2,402,567 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 0 25 SH Call DFND   25 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 670 400,000 SH Put DFND   400,000 0 0
HIGHLAND INCOME FD HIGHLAND INCOME 43010E404 164 14,900 SH   DFND   14,900 0 0
IG ACQUISITION CORP COM CL A 449534106 294 30,000 SH   DFND   30,000 0 0
IRON SPARK I INC CLASS A COM 46301G103 547 55,000 SH   DFND   55,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 106 150,000 SH Put DFND   150,000 0 0
ISHARES TR PFD AND INCM SEC 464288687 7 119,900 SH Put DFND   119,900 0 0
JACKSON ACQUISITION CO UNIT 99/99/9999 46653C205 249 25,000 SH   DFND   25,000 0 0
KERNEL GROUP HOLDINGS INC CL A SHS G5259L103 124 12,727 SH   DFND   12,727 0 0
KHOSLA VENTURES ACQUISITION CL A 482504107 387 39,900 SH   DFND   39,900 0 0
KHOSLA VENTURES ACQUT CO III COM CL A 482506102 98 10,000 SH   DFND   10,000 0 0
KISMET ACQUISITION TWO CORP UNIT 99/99/9999 G52807123 296 30,000 SH   DFND   30,000 0 0
LANDCADIA HOLDINGS IV INC CLASS A COM 51477A104 341 35,006 SH   DFND   35,006 0 0
LANDCADIA HOLDINGS IV INC UNIT 05/01/2025 51477A203 190 18,800 SH   DFND   18,800 0 0
LEFTERIS ACQUISITION CORP COM CL A 52470X109 191 19,488 SH   DFND   19,488 0 0
LIBERTY MEDIA ACQUISITION CO COM SR A 53073L104 206 20,000 SH   DFND   20,000 0 0
LOGAN RIDGE FINANCE CORP COM 541098109 1,385 60,239 SH   DFND   60,239 0 0
LUX HEALTH TECH ACQUISITION COM CL A 55068A100 155 15,840 SH   DFND   15,840 0 0
MAGNUM OPUS ACQUISITION LTD SHS CL A G5S70A104 198 20,000 SH   DFND   20,000 0 0
MARLIN TECHNOLOGY CORP UNIT 99/99/9999 G58411128 177 17,650 SH   DFND   17,650 0 0
MASON INDUSTRIAL TECHNOLGY I UNIT 99/99/9999 57520Y205 234 23,613 SH   DFND   23,613 0 0
MEDICUS SCIENCES ACQUISITION CL A SHS G5960S108 97 10,000 SH   DFND   10,000 0 0
MOTIVE CAPITAL CORP II UNIT 99/99/9999 G6293R122 499 50,000 SH   DFND   50,000 0 0
NEUBERGER BERMAN NEXT GENERA COMMON STOCK 64133Q108 260 15,000 SH   DFND   15,000 0 0
NEWBURY STREET ACQUISITN COR UNIT 04/30/2028 65101L203 248 24,826 SH   DFND   24,826 0 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205 1,029 75,742 SH   DFND   75,742 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 1 46,200 SH Put DFND   46,200 0 0
NUVEEN CALIFORNIA MUNI VLU F COM STK 67062C107 879 86,825 SH   DFND   86,825 0 0
NUVEEN MULTI ASSET INCOME FU COM 670750108 256 13,700 SH   DFND   13,700 0 0
NUVEEN MUN VALUE FD INC COM 670928100 2,722 262,234 SH   DFND   262,234 0 0
NUVEEN SELECT TAX-FREE INCOM SH BEN INT 67062F100 1,707 106,809 SH   DFND   106,809 0 0
OFS CAP CORP COM 67103B100 355 32,538 SH   DFND   32,538 0 0
OSIRIS ACQUISITION CORP CL A 68829A103 131 13,508 SH   DFND   13,508 0 0
OXUS ACQUISITION CORP UNIT 99/99/9999 G6859L113 256 23,300 SH   DFND   23,300 0 0
OYSTER ENTERPRISES ACQ CORP UNIT 01/20/2026 69242M203 330 33,192 SH   DFND   33,192 0 0
PERSHING SQUARE TONTINE HLDG COM CL A 71531R109 3,084 156,370 SH   DFND   156,370 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104 1,386 75,183 SH   DFND   75,183 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 841 32,449 SH   DFND   32,449 0 0
PIMCO DYNAMIC INCOME OPRNTS COM BEN SHS 69355M107 1,784 91,218 SH   DFND   91,218 0 0
PIMCO ENERGY & TACTICAL CR O COM SHS BEN INT 69346N107 158 12,260 SH   DFND   12,260 0 0
PIMCO GLOBAL STOCKSPLS INCM COM 722011103 117 10,827 SH   DFND   10,827 0 0
PIMCO NEW YORK MUN INCOME FD COM 72201E105 264 28,354 SH   DFND   28,354 0 0
PINE IS ACQUISITION CORP CL A 722615101 134 13,579 SH   DFND   13,579 0 0
PINE TECHNOLOGY ACQUISITN CO CLASS A COM 722850104 197 20,000 SH   DFND   20,000 0 0
PIONEER MERGER CORP CL A SHS G7S24C103 197 20,000 SH   DFND   20,000 0 0
PIONEER MUN HIGH INCOME OPPO COMMON STOCK 723760104 1,012 55,065 SH   DFND   55,065 0 0
POEMA GLOBAL HOLDINGS CORP CL A SHS G7154B107 494 50,000 SH   DFND   50,000 0 0
PONTEM CORPORATION *W EXP 01/05/202 G71707122 9 10,000 SH   DFND   10,000 0 0
PONTEM CORPORATION SHS CL A G71707106 392 40,000 SH   DFND   40,000 0 0
POWER REIT COM 73933H101 4,280 62,135 SH   DFND   62,135 0 0
PROGRESS ACQUISITION CORP UNIT 12/25/2025 74327P204 156 15,600 SH   DFND   15,600 0 0
REDBALL ACQUISITION CORP COM CL A G7417R105 293 29,567 SH   DFND   29,567 0 0
REVELSTONE CAPITAL ACQSTN CO UNIT 12/17/2026 76137R205 198 20,000 SH   DFND   20,000 0 0
ROSECLIFF ACQUISITION CORP I COM CL A 77732R103 196 20,000 SH   DFND   20,000 0 0
ROTH CH ACQUISITION III CO COM 77867Q102 298 30,000 SH   DFND   30,000 0 0
RUNWAY GROWTH FINANCE CORP COM 78163D100 546 42,571 SH   DFND   42,571 0 0
SABA CAPITAL INCOME & OPRNT SHARES 78518H103 340 75,200 SH   DFND   75,200 0 0
SEVEN HILLS REALTY TRUST COM 81784E101 1,735 167,140 SH   DFND   167,140 0 0
SHAPEWAYS HOLDINGS INC *W EXP 99/99/999 81947T110 15 28,800 SH   DFND   28,800 0 0
SILVER CREST ACQUISITION COR UNIT 12/15/2025 G81355110 202 20,000 SH   DFND   20,000 0 0
SLAM CORP CL A SHS G8210L105 102 10,503 SH   DFND   10,503 0 0
SOCIAL CAPITAL HEDOSOPHA HLD SHS CL A G8251L105 153 15,000 SH   DFND   15,000 0 0
SOUTHPORT ACQUISITION CORP UNIT 99/99/9999 84465L204 200 20,000 SH   DFND   20,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 4 85,000 SH Call DFND   85,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 102,937 216,727 SH   DFND   216,727 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 8 30,000 SH Put DFND   30,000 0 0
SPORTS ENTERTAINMENT ACQU CO COM CL A 84918M106 198 20,000 SH   DFND   20,000 0 0
SPREE ACQUISITION CORP 1 LTD UNIT 99/99/9999 G83745110 200 20,000 SH   DFND   20,000 0 0
ST ENERGY TRANSITION I LTD UNIT 99/99/9999 G8465L123 200 20,000 SH   DFND   20,000 0 0
SVF INVESTMENT CORP 3 CL A SHS G8601N108 200 20,000 SH   DFND   20,000 0 0
SWIFTMERGE ACQUISITION CORP UNIT 12/13/2026 G63836129 299 30,000 SH   DFND   30,000 0 0
TAILWIND INTERNATNAL ACQ COR UNIT 99/99/9999 G8662F127 484 48,950 SH   DFND   48,950 0 0
TAILWIND TWO ACQUISITION COR SHS CL A G86613109 198 20,000 SH   DFND   20,000 0 0
TARGET GLOBAL ACQUISI I CORP UNIT 99/99/9999 G8675N117 199 20,000 SH   DFND   20,000 0 0
TB SA ACQUISITION CORP UNIT 03/25/2028 G8657L113 592 59,800 SH   DFND   59,800 0 0
TERAWULF INC COM 88080T104 4,212 279,850 SH   DFND   279,850 0 0
THE GROWTH FOR GOOD ACQU COR UNIT 11/12/2026 G41522122 200 20,000 SH   DFND   20,000 0 0
TRAJECTORY ALPHA ACQUISITION UNIT 99/99/9999 89301B203 199 20,000 SH   DFND   20,000 0 0
TREBIA ACQUISITION CORP COM CL A G9027T109 100 10,000 SH   DFND   10,000 0 0
VALE S A SPONSORED ADS 91912E105 10 50,000 SH Put DFND   50,000 0 0
VELOCITY ACQUISITION CORP COM CL A 92259E104 97 10,000 SH   DFND   10,000 0 0
VELOCITY ACQUISITION CORP UNIT 99/99/9999 92259E203 112 11,000 SH   DFND   11,000 0 0
VISTRA CORP COM 92840M102 592 26,000 SH   DFND   26,000 0 0
VPC IMPACT ACQU HOLDI III IN COM CL A 91835J108 211 20,600 SH   DFND   20,600 0 0
WEJO GROUP LIMITED *W EXP 11/18/202 G9525W117 30 27,266 SH   DFND   27,266 0 0