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
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,118 115,552 SH   DFND 1 115,552 0 0
AMERIGAS PARTNERS L P UNIT L P INT 030975106 1,150 26,450 SH   SOLE 26,450 0 0
ANADARKO PETE CORP COM 032511107 1,923 41,300 SH   DFND 1 41,300 0 0
ANTERO MIDSTREAM PARTNERS LP UNT LTD PARTN 03673L103 14,089 637,188 SH   DFND 1 637,188 0 0
AXALTA COATING SYS LTD COM G0750C108 8,072 276,467 SH   DFND 1 276,467 0 0
AXALTA COATING SYS LTD COM G0750C108 77 14,000 SH Call SOLE 14,000 0 0
BAKER HUGHES INC COM 057224107 5,308 121,116 SH   DFND 1 121,116 0 0
BLUEKNIGHT ENERGY PARTNERS L COM UNIT 09625U109 21,757 4,542,128 SH   DFND 1 4,542,128 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 11,184 758,771 SH   SOLE 758,771 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 27,870 410,224 SH   DFND 1 410,224 0 0
CALPINE CORP COM NEW 131347304 1,745 115,000 SH   SOLE 115,000 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 41 63,200 SH Put SOLE 63,200 0 0
CAPITAL PRODUCT PARTNERS L P COM UNIT LP Y11082107 14,767 4,673,228 SH   DFND 1 4,673,228 0 0
CENTERPOINT ENERGY INC COM 15189T107 3,347 160,000 SH   SOLE 160,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 12,157 359,345 SH   DFND 1 359,345 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 4,326 150,000 SH   SOLE 150,000 0 0
CHEVRON CORP NEW COM 166764100 6,812 71,400 SH   DFND 1 71,400 0 0
CIMAREX ENERGY CO COM 171798101 7,529 77,408 SH   DFND 1 77,408 0 0
COLUMBIA PIPELINE GROUP INC COM 198280109 2,018 80,405 SH   SOLE 80,405 0 0
COLUMBIA PIPELINE PARTNERS L COM UT REPSTG 198281107 6,904 472,892 SH   SOLE 472,892 0 0
CONOCOPHILLIPS COM 20825C104 3,980 98,842 SH   DFND 1 98,842 0 0
CORE LABORATORIES N V COM N22717107 15 12,400 SH Put SOLE 12,400 0 0
COVENANT TRANSN GROUP INC CL A 22284P105 732 30,267 SH   SOLE 30,267 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 1,833 157,100 SH   SOLE 157,100 0 0
CSX CORP COM 126408103 858 33,330 SH   SOLE 33,330 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311P100 34,871 1,280,600 SH   DFND 1 1,280,600 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 3,517 112,000 SH   SOLE 112,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,542 92,643 SH   DFND 1 92,643 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 19 46,500 SH Put SOLE 46,500 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,389 18,000 SH   DFND 1 18,000 0 0
DOMINION MIDSTREAM PARTNERS COM UT REP LTD 257454108 27,595 817,633 SH   DFND 1 817,633 0 0
DOMINION RES INC VA NEW COM 25746U109 5,483 72,993 SH   DFND 1 72,993 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 2,880 252,821 SH   DFND 1 252,821 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 3,098 172,599 SH   SOLE 172,599 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 63,307 3,455,623 SH   DFND 1 3,455,623 0 0
ENERGEN CORP COM 29265N108 5,578 152,431 SH   DFND 1 152,431 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 53,730 7,535,841 SH   DFND 1 7,535,841 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 253 585,900 SH Call SOLE 585,900 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 154,742 4,784,870 SH   DFND 1 4,784,870 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 40,835 3,383,200 SH   DFND 1 3,383,200 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 114,394 4,646,393 SH   DFND 1 4,646,393 0 0
EOG RES INC COM 26875P101 4,802 66,159 SH   DFND 1 66,159 0 0
EQT GP HLDGS LP COM UNIT REP 26885J103 26,518 983,247 SH   DFND 1 983,247 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 89,906 1,207,929 SH   DFND 1 1,207,929 0 0
EXELON CORP COM 30161N101 1,793 50,000 SH   SOLE 50,000 0 0
EXXON MOBIL CORP COM 30231G102 5,475 65,500 SH   DFND 1 65,500 0 0
FLOWSERVE CORP COM 34354P105 7,861 177,028 SH   DFND 1 177,028 0 0
FMC TECHNOLOGIES INC COM 30249U101 424 15,495 SH   SOLE 15,495 0 0
FRANKS INTL N V COM N33462107 340 20,660 SH   SOLE 20,660 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1 108,500 SH Put SOLE 108,500 0 0
GASLOG LTD SHS G37585109 1,377 141,353 SH   DFND 1 141,353 0 0
GASLOG PARTNERS LP UNIT LTD PTNRP Y2687W108 7,834 471,071 SH   DFND 1 471,071 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 94,678 2,978,239 SH   DFND 1 2,978,239 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 15,352 854,302 SH   DFND 1 854,302 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 9,209 626,867 SH   DFND 1 626,867 0 0
GRACE W R & CO DEL NEW COM 38388F108 2,135 30,000 SH   SOLE 30,000 0 0
H & E EQUIPMENT SERVICES INC COM 404030108 326 18,616 SH   SOLE 18,616 0 0
HALLIBURTON CO COM 406216101 830 23,242 SH   SOLE 23,242 0 0
HESS CORP COM 42809H107 10,363 196,829 SH   DFND 1 196,829 0 0
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 895 51,339 SH   DFND 1 51,339 0 0
JOY GLOBAL INC COM 481165108 137 55,800 SH Put SOLE 55,800 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 469 687,500 SH Put SOLE 687,500 0 0
KINDER MORGAN INC DEL COM 49456B101 14,011 784,478 SH   DFND 1 784,478 0 0
KIRBY CORP COM 497266106 2,995 49,676 SH   DFND 1 49,676 0 0
KNIGHT TRANSN INC COM 499064103 3,557 136,022 SH   DFND 1 136,022 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 14,051 164,177 SH   DFND 1 164,177 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 488 7,233 SH   SOLE 7,233 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 62,528 908,831 SH   DFND 1 908,831 0 0
MANITOWOC FOODSERVICE INC COM 563568104 522 35,439 SH   SOLE 35,439 0 0
MARATHON PETE CORP COM 56585A102 12,788 343,940 SH   DFND 1 343,940 0 0
MPLX LP COM UNIT REP LTD 55336V100 82,882 2,791,571 SH   DFND 1 2,791,571 0 0
MRC GLOBAL INC COM 55345K103 2,304 175,362 SH   DFND 1 175,362 0 0
NATIONAL OILWELL VARCO INC COM 637071101 51 96,100 SH Put SOLE 96,100 0 0
NEWFIELD EXPL CO COM 651290108 10,108 304,011 SH   DFND 1 304,011 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 19,767 2,628,652 SH   DFND 1 2,628,652 0 0
NOBLE ENERGY INC COM 655044105 1,476 47,000 SH   DFND 1 47,000 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 5 53,700 SH Put SOLE 53,700 0 0
NORFOLK SOUTHERN CORP COM 655844108 9,146 109,866 SH   DFND 1 109,866 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 70,333 1,740,910 SH   DFND 1 1,740,910 0 0
NUSTAR GP HOLDINGS LLC UNIT RESTG LLC 67059L102 1,478 71,300 SH   SOLE 71,300 0 0
OASIS PETE INC NEW COM 674215108 130 93,000 SH Call SOLE 93,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 8,355 122,100 SH   DFND 1 122,100 0 0
OIL STS INTL INC COM 678026105 225 7,127 SH   SOLE 7,127 0 0
ONEOK INC NEW COM 682680103 31,717 1,062,205 SH   DFND 1 1,062,205 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 57,616 1,834,905 SH   DFND 1 1,834,905 0 0
OSHKOSH CORP COM 688239201 817 20,000 SH   SOLE 20,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 455 25,823 SH   SOLE 25,823 0 0
PBF ENERGY INC CL A 69318G106 11,947 359,861 SH   DFND 1 359,861 0 0
PENTAIR PLC SHS G7S00T104 1,085 20,000 SH   SOLE 20,000 0 0
PHILLIPS 66 COM 718546104 21,017 242,713 SH   DFND 1 242,713 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 34,815 556,236 SH   DFND 1 556,236 0 0
PIONEER NAT RES CO COM 723787107 5,179 36,796 SH   DFND 1 36,796 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 52,023 2,480,804 SH   DFND 1 2,480,804 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 13,567 1,561,250 SH   DFND 1 1,561,250 0 0
PPG INDS INC COM 693506107 5,530 49,605 SH   DFND 1 49,605 0 0
RICE ENERGY INC COM 762760106 505 36,154 SH   SOLE 36,154 0 0
RICE MIDSTREAM PARTNERS LP UNIT LTD PARTN 762819100 821 55,144 SH   SOLE 55,144 0 0
ROSE ROCK MIDSTREAM L P COM U REP LTD 777149105 6,226 524,557 SH   DFND 1 524,557 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 4,927 101,700 SH   SOLE 101,700 0 0
RPC INC COM 749660106 672 47,413 SH   SOLE 47,413 0 0
RYDER SYS INC COM 783549108 5,863 90,508 SH   DFND 1 90,508 0 0
SCORPIO TANKERS INC SHS Y7542C106 4,344 745,097 SH   DFND 1 745,097 0 0
SEADRILL LIMITED SHS G7945E105 155 68,200 SH Put SOLE 68,200 0 0
SEALED AIR CORP NEW COM 81211K100 15,824 329,587 SH   DFND 1 329,587 0 0
SEASPAN CORP SHS Y75638109 11 55,800 SH Put SOLE 55,800 0 0
SEMGROUP CORP CL A 81663A105 23,038 1,028,500 SH   DFND 1 1,028,500 0 0
SEMPRA ENERGY COM 816851109 5,943 57,117 SH   DFND 1 57,117 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 108,396 2,960,833 SH   DFND 1 2,960,833 0 0
SHERWIN WILLIAMS CO COM 824348106 3,695 12,981 SH   DFND 1 12,981 0 0
SPECTRA ENERGY CORP COM 847560109 1,939 63,350 SH   SOLE 63,350 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 25,575 531,489 SH   DFND 1 531,489 0 0
STATOIL ASA SPONSORED ADR 85771P102 5,757 370,000 SH   DFND 1 370,000 0 0
SUMMIT MATLS INC CL A 86614U100 6,072 312,175 SH   DFND 1 312,175 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 111,223 4,436,496 SH   DFND 1 4,436,496 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 74 46,500 SH Call SOLE 46,500 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 902 67,351 SH   SOLE 67,351 0 0
SWIFT TRANSN CO CL A 87074U101 477 25,618 SH   SOLE 25,618 0 0
TARGA RES CORP COM 87612G101 88,419 2,961,114 SH   DFND 1 2,961,114 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 6,660 138,116 SH   SOLE 138,116 0 0
TEREX CORP NEW COM 880779103 1,028 41,321 SH   SOLE 41,321 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 77,963 1,707,487 SH   DFND 1 1,707,487 0 0
THERMON GROUP HLDGS INC COM 88362T103 281 16,025 SH   SOLE 16,025 0 0
TOTAL S A SPONSORED ADR 89151E109 6,586 145,000 SH   DFND 1 145,000 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 2,426 66,200 SH   SOLE 66,200 0 0
U S SILICA HLDGS INC COM 90346E103 1,174 51,653 SH   SOLE 51,653 0 0
UNION PAC CORP COM 907818108 102 31,000 SH Put SOLE 31,000 0 0
VALERO ENERGY PARTNERS LP COM UNT REP LP 91914J102 23,109 487,942 SH   DFND 1 487,942 0 0
VTTI ENERGY PARTNERS LP COM UNIT RP LT Y9384M101 25,649 1,386,417 SH   DFND 1 1,386,417 0 0
WABTEC CORP COM 929740108 8,987 113,339 SH   DFND 1 113,339 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 6,242 802,318 SH   DFND 1 802,318 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 55,850 1,286,560 SH   DFND 1 1,286,560 0 0
WESTLAKE CHEM CORP COM 960413102 10,460 225,929 SH   DFND 1 225,929 0 0
WHITING PETE CORP NEW COM 966387102 453 56,805 SH   SOLE 56,805 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 51,337 2,510,350 SH   DFND 1 2,510,350 0 0
XPO LOGISTICS INC COM 983793100 8,782 286,051 SH   DFND 1 286,051 0 0