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
ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 1,952 96,750 SH   DFND 1 96,750 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 2,236 86,354 SH   DFND 1 86,354 0 0
AMERICAN MIDSTREAM PARTNERS COM UNITS 02752P100 609 75,300 SH   SOLE 75,300 0 0
AMERIGAS PARTNERS L P UNIT L P INT 030975106 1,763 51,450 SH   SOLE 51,450 0 0
ANADARKO PETE CORP COM 032511107 3,850 79,253 SH   DFND 1 79,253 0 0
ANTERO MIDSTREAM PARTNERS LP UNT LTD PARTN 03673L103 8,278 362,750 SH   DFND 1 362,750 0 0
AXALTA COATING SYS LTD COM G0750C108 6,147 230,651 SH   DFND 1 230,651 0 0
BAKER HUGHES INC COM 057224107 7,915 171,504 SH   DFND 1 171,504 0 0
BLUEKNIGHT ENERGY PARTNERS L COM UNIT 09625U109 25,956 4,618,484 SH   DFND 1 4,618,484 0 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 23,766 360,306 SH   SOLE 360,306 0 0
CALPINE CORP COM NEW 131347304 1,664 115,000 SH   SOLE 115,000 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 4,380 220,000 SH   SOLE 220,000 0 0
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 102 93,000 SH Call SOLE 93,000 0 0
CAPITAL PRODUCT PARTNERS L P COM UNIT LP Y11082107 43,810 7,936,624 SH   DFND 1 7,936,624 0 0
CENOVUS ENERGY INC COM 15135U109 2,225 176,290 SH   DFND 1 176,290 0 0
CENTERPOINT ENERGY INC COM 15189T107 7,472 406,961 SH   DFND 1 406,961 0 0
CHENIERE ENERGY INC COM NEW 16411R208 11,900 319,485 SH   DFND 1 319,485 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 4,302 165,000 SH   SOLE 165,000 0 0
CHEVRON CORP NEW COM 166764100 6,288 69,900 SH   DFND 1 69,900 0 0
CIMAREX ENERGY CO COM 171798101 9,373 104,871 SH   DFND 1 104,871 0 0
COLUMBIA PIPELINE GROUP INC COM 198280109 23,496 1,174,790 SH   DFND 1 1,174,790 0 0
COLUMBIA PIPELINE PARTNERS L COM UT REPSTG 198281107 8,933 511,016 SH   SOLE 511,016 0 0
CONCHO RES INC COM 20605P101 5,492 59,148 SH   DFND 1 59,148 0 0
CONOCOPHILLIPS COM 20825C104 4,651 99,612 SH   DFND 1 99,612 0 0
CREDIT SUISSE NASSAU BRH X LINK CUSH MLP 22542D852 3,530 189,702 SH   SOLE 189,702 0 0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD PARTNER 226344208 3,408 164,000 SH   SOLE 164,000 0 0
CSX CORP COM 126408103 56 75,400 SH Call SOLE 75,400 0 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 23311P100 14,058 569,850 SH   DFND 1 569,850 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 4,426 124,000 SH   SOLE 124,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,058 95,563 SH   DFND 1 95,563 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,619 24,203 SH   DFND 1 24,203 0 0
DOMINION MIDSTREAM PARTNERS COM UT REP LTD 257454108 24,604 802,455 SH   DFND 1 802,455 0 0
DOMINION RES INC VA NEW COM 25746U109 12,016 177,646 SH   DFND 1 177,646 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 5,001 505,631 SH   DFND 1 505,631 0 0
DOW CHEM CO COM 260543103 8,299 161,195 SH   DFND 1 161,195 0 0
ENABLE MIDSTREAM PARTNERS LP COM UNIT RP IN 292480100 9,224 1,002,637 SH   DFND 1 1,002,637 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 3,397 152,148 SH   SOLE 152,148 0 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 62,371 2,703,539 SH   DFND 1 2,703,539 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 317 1,178,800 SH Call SOLE 1,178,800 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 93,419 6,799,078 SH   DFND 1 6,799,078 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 115,607 3,427,415 SH   DFND 1 3,427,415 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 310 310,000 SH Call SOLE 310,000 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 53,670 3,236,998 SH   DFND 1 3,236,998 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 115,481 4,514,503 SH   DFND 1 4,514,503 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 567 454,000 SH Call SOLE 454,000 0 0
EOG RES INC COM 26875P101 4,687 66,209 SH   DFND 1 66,209 0 0
EQT CORP COM 26884L109 1,043 20,000 SH   SOLE 20,000 0 0
EQT GP HLDGS LP COM UNIT REP 26885J103 16,716 805,195 SH   DFND 1 805,195 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 104,675 1,387,160 SH   DFND 1 1,387,160 0 0
EXELON CORP COM 30161N101 5,921 213,224 SH   DFND 1 213,224 0 0
EXXON MOBIL CORP COM 30231G102 4,671 59,920 SH   DFND 1 59,920 0 0
FLOWSERVE CORP COM 34354P105 2 43,400 SH Call SOLE 43,400 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 2,872 255,075 SH   DFND 1 255,075 0 0
GASLOG LTD SHS G37585109 3,487 420,155 SH   DFND 1 420,155 0 0
GASLOG PARTNERS LP UNIT LTD PTNRP Y2687W108 6,424 451,775 SH   DFND 1 451,775 0 0
GENER8 MARITIME INC COM Y26889108 2,108 223,110 SH   DFND 1 223,110 0 0
GENERAL ELECTRIC CO COM 369604103 5,706 183,168 SH   DFND 1 183,168 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 104,625 2,847,705 SH   DFND 1 2,847,705 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 3,473 219,963 SH   DFND 1 219,963 0 0
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 2,542 189,966 SH   DFND 1 189,966 0 0
H & E EQUIPMENT SERVICES INC COM 404030108 930 53,193 SH   SOLE 53,193 0 0
HELMERICH & PAYNE INC COM 423452101 30 43,400 SH Put SOLE 43,400 0 0
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 956 51,339 SH   DFND 1 51,339 0 0
HOLLYFRONTIER CORP COM 436106108 5,814 145,750 SH   DFND 1 145,750 0 0
ITT CORP NEW COM NEW 450911201 1,342 36,957 SH   DFND 1 36,957 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 400 13,800 SH   SOLE 13,800 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 14 1,416,900 SH Call SOLE 1,416,900 0 0
KINDER MORGAN INC DEL COM 49456B101 1 62,000 SH Call SOLE 62,000 0 0
KINDER MORGAN INC DEL COM 49456B101 188 12,602 SH   DFND 1 12,602 0 0
KIRBY CORP COM 497266106 3,562 67,693 SH   DFND 1 67,693 0 0
LEGACY RESVS LP UNIT LP INT 524707304 407 232,434 SH   DFND 1 232,434 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 17,059 196,309 SH   DFND 1 196,309 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 75,033 1,104,732 SH   DFND 1 1,104,732 0 0
MARATHON PETE CORP COM 56585A102 15,106 291,406 SH   DFND 1 291,406 0 0
MARTIN MARIETTA MATLS INC COM 573284106 3,205 23,467 SH   DFND 1 23,467 0 0
MEMORIAL PRODTN PARTNERS LP COM U REP LTD 586048100 463 175,536 SH   DFND 1 175,536 0 0
METHANEX CORP COM 59151K108 1,558 47,192 SH   DFND 1 47,192 0 0
MID CON ENERGY PARTNERS LP COM UNIT REPST 59560V109 231 202,601 SH   DFND 1 202,601 0 0
MPLX LP COM UNIT REP LTD 55336V100 105,006 2,669,869 SH   DFND 1 2,669,869 0 0
MRC GLOBAL INC COM 55345K103 558 43,225 SH   SOLE 43,225 0 0
NABORS INDUSTRIES LTD SHS G6359F103 816 95,864 SH   SOLE 95,864 0 0
NEFF CORP COM CL A 640094207 2,714 354,307 SH   DFND 1 354,307 0 0
NEWFIELD EXPL CO COM 651290108 1,869 57,407 SH   DFND 1 57,407 0 0
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 13,366 1,210,667 SH   DFND 1 1,210,667 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 50,205 1,251,978 SH   DFND 1 1,251,978 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 5,466 80,840 SH   DFND 1 80,840 0 0
OLD DOMINION FGHT LINES INC COM 679580100 2,617 44,311 SH   DFND 1 44,311 0 0
ONEOK INC NEW COM 682680103 27,469 1,113,895 SH   DFND 1 1,113,895 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 88,958 2,952,460 SH   DFND 1 2,952,460 0 0
PBF ENERGY INC CL A 69318G106 368 10,000 SH   SOLE 10,000 0 0
PENNTEX MIDSTREAM PARTNERS L COM UNIT LTD 709311104 335 25,900 SH   SOLE 25,900 0 0
PHILLIPS 66 COM 718546104 25,695 314,113 SH   DFND 1 314,113 0 0
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 718549207 31,520 513,361 SH   DFND 1 513,361 0 0
PIONEER NAT RES CO COM 723787107 4,661 37,176 SH   DFND 1 37,176 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 81,418 3,524,616 SH   DFND 1 3,524,616 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 139 450,000 SH Call SOLE 450,000 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 14,056 1,487,450 SH   DFND 1 1,487,450 0 0
POLYONE CORP COM 73179P106 3,050 96,035 SH   SOLE 96,035 0 0
PPG INDS INC COM 693506107 4,766 48,226 SH   DFND 1 48,226 0 0
PPL CORP COM 69351T106 3,413 100,000 SH   SOLE 100,000 0 0
RICE MIDSTREAM PARTNERS LP UNIT LTD PARTN 762819100 1,488 110,300 SH   SOLE 110,300 0 0
ROSE ROCK MIDSTREAM L P COM U REP LTD 777149105 1,841 122,383 SH   SOLE 122,383 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 3,137 68,510 SH   DFND 1 68,510 0 0
RPC INC COM 749660106 588 49,184 SH   SOLE 49,184 0 0
RSP PERMIAN INC COM 74978Q105 286 11,735 SH   SOLE 11,735 0 0
RYDER SYS INC COM 783549108 5,882 103,497 SH   DFND 1 103,497 0 0
SCORPIO TANKERS INC SHS Y7542C106 249 31,016 SH   SOLE 31,016 0 0
SEALED AIR CORP NEW COM 81211K100 13,904 311,745 SH   DFND 1 311,745 0 0
SEMGROUP CORP CL A 81663A105 9,004 312,000 SH   DFND 1 312,000 0 0
SEMPRA ENERGY COM 816851109 13,976 148,665 SH   DFND 1 148,665 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 103,907 2,502,581 SH   DFND 1 2,502,581 0 0
SHERWIN WILLIAMS CO COM 824348106 5,432 20,925 SH   DFND 1 20,925 0 0
SPECTRA ENERGY CORP COM 847560109 1,268 52,950 SH   SOLE 52,950 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 25,107 526,350 SH   DFND 1 526,350 0 0
STATOIL ASA SPONSORED ADR 85771P102 3,839 275,000 SH   SOLE 275,000 0 0
STEEL DYNAMICS INC COM 858119100 462 25,846 SH   SOLE 25,846 0 0
SUMMIT MATLS INC CL A 86614U100 3,651 182,198 SH   DFND 1 182,198 0 0
SUMMIT MIDSTREAM PARTNERS LP COM UNIT LTD 866142102 523 27,900 SH   SOLE 27,900 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 106,684 4,151,134 SH   DFND 1 4,151,134 0 0
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 44 73,300 SH Call SOLE 73,300 0 0
SWIFT TRANSN CO CL A 87074U101 4,825 349,174 SH   DFND 1 349,174 0 0
TALLGRASS ENERGY GP LP SHS CL A 874696107 9,274 580,720 SH   DFND 1 580,720 0 0
TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 9,503 230,600 SH   SOLE 230,600 0 0
TARGA RES CORP COM 87612G101 35,622 1,316,400 SH   DFND 1 1,316,400 0 0
TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 19,586 1,184,871 SH   DFND 1 1,184,871 0 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 6,710 134,980 SH   SOLE 134,980 0 0
TEEKAY CORPORATION COM Y8564W103 3 55,800 SH Call SOLE 55,800 0 0
TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN Y8565J101 1,620 250,000 SH   DFND 1 250,000 0 0
TEEKAY TANKERS LTD CL A Y8565N102 1,067 155,091 SH   SOLE 155,091 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 90,876 1,805,964 SH   DFND 1 1,805,964 0 0
THERMON GROUP HLDGS INC COM 88362T103 446 26,364 SH   SOLE 26,364 0 0
TOTAL S A SPONSORED ADR 89151E109 5,259 117,000 SH   SOLE 117,000 0 0
UNITED STATES STL CORP NEW COM 912909108 165 20,688 SH   SOLE 20,688 0 0
VALERO ENERGY CORP NEW COM 91913Y100 11 24,800 SH Put SOLE 24,800 0 0
VALERO ENERGY PARTNERS LP COM UNT REP LP 91914J102 23,662 458,485 SH   DFND 1 458,485 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 788 264,544 SH   DFND 1 264,544 0 0
VERMILION ENERGY INC COM 923725105 2,765 101,880 SH   DFND 1 101,880 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 223 16,000 SH   DFND 1 16,000 0 0
VTTI ENERGY PARTNERS LP COM UNIT RP LT Y9384M101 14,392 694,270 SH   SOLE 694,270 0 0
VULCAN MATLS CO COM 929160109 5,609 59,060 SH   DFND 1 59,060 0 0
WABTEC CORP COM 929740108 6,313 88,770 SH   DFND 1 88,770 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 4,724 563,066 SH   DFND 1 563,066 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 13 217,200 SH Call SOLE 217,200 0 0
WESTERN GAS EQUITY PARTNERS COMUNT LTD PT 95825R103 19,943 549,525 SH   DFND 1 549,525 0 0
WESTERN GAS PARTNERS LP COM UNIT LP IN 958254104 39,548 832,056 SH   DFND 1 832,056 0 0
WESTERN REFNG LOGISTICS LP COM UNIT REP LTP 95931Q205 4,461 181,875 SH   SOLE 181,875 0 0
WESTLAKE CHEM CORP COM 960413102 15,620 287,549 SH   DFND 1 287,549 0 0
WILLIAMS COS INC DEL COM 969457100 26,023 1,011,001 SH   DFND 1 1,011,001 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 51,622 1,853,570 SH   DFND 1 1,853,570 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 331 230,000 SH Call SOLE 230,000 0 0
WORLD PT TERMS LP UNIT REP LTD PT 98159G107 348 26,000 SH   SOLE 26,000 0 0
XPO LOGISTICS INC COM 983793100 7,482 274,572 SH   DFND 1 274,572 0 0