UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2012
Check here if Amendment [ ]; Amendment Number: ____________________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: U.S. GLOBAL INVESTORS INC.
Address: 7900 CALLAGHAN ROAD
SAN ANTONIO, TEXAS 78229-2327
Form 13F File Number: 028-02220
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Susan McGee
Title: President
Phone: (210) 308-1234
Signature, Place, and Date of Signing:
/s/ Susan B. McGee San Antonio, TX 11/14/2012
------------------------ ------------------------ ------------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F Information Table Entry Total 431
Form 13F Information Table Total Value (x1000) 958,949
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ ---------------- --------- --------- ------------------- ---------- -------- ---------------------
SHARES OR VOTING AUTHORITY
VALUE PRINCIPAL SH/ PUT/ INVESTMENT OTHER ---------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- --------- ---------- --- ---- ---------- -------- ---- --------- ------
AETNA INC NEW COM COM 00817Y108 158 4,000 SH Sole 4,000
AGNICO EAGLE MINES LTD COM COM 008474108 7,782 150,000 SH Sole 150,000
AGNICO EAGLE MINES LTD COM COM 008474108 18,158 350,000 SH Sole 350,000
AGNICO EAGLE MINES LTD COM COM 008474108 259 5,000 SH Sole 5,000
AGNICO EAGLE MINES LTD COM COM 008474108 519 10,000 SH Sole 10,000
AGNICO EAGLE MINES LTD COM COM 2ZL99U251 15,606 3,008 SH CALL Sole 3,008
AGNICO EAGLE MINES LTD COM COM 2ZL99U251 5,198 1,002 SH CALL Sole 1,002
AGNICO EAGLE MINES LTD COM COM 89V99M946 5,800 1,118 SH CALL Sole 1,118
AGNICO EAGLE MINES LTD COM COM 89V99M946 2,890 557 SH CALL Sole 557
AKAMAI TECHNOLOGIES INC COM COM 00971T101 314 8,210 SH Sole 8,210
ALERIAN MLP ETF ALERIAN MLP 00162Q866 109 6,550 SH Sole 6,550
ALERIAN MLP ETF ALERIAN MLP 00162Q866 50 3,000 SH Sole 3,000
ALEXCO RESOURCE CORP COM COM 01535P106 868 200,000 SH Sole 200,000
ALEXCO RESOURCE CORP COM COM 01535P106 1,411 325,000 SH Sole 325,000
ALEXION PHARMACEUTICALS
INC COM COM 015351109 172 1,500 SH Sole 1,500
ALEXION PHARMACEUTICALS
INC COM COM 015351109 1,144 10,000 SH Sole 10,000
ALLIED NEVADA GOLD CORP COM COM 019344100 2,930 75,000 SH Sole 75,000
ALMADEN MINERALS LTD COM COM 020283107 1,581 580,000 SH Sole 580,000
ALMADEN MINERALS LTD COM /CAD/ COM 020283107 80 30,000 SH Sole 30,000
ALTRIA GROUP INC COM COM 02209S103 107 3,200 SH Sole 3,200
AMERICAN TOWER CORP NEW COM COM 03027X100 214 3,000 SH Sole 3,000
AMERIPRISE FINL INC COM COM 03076C106 193 3,400 SH Sole 3,400
AMGEN INC COM COM 031162100 211 2,500 SH Sole 2,500
AMGEN INC COM COM 031162100 110 1,300 SH Sole 1,300
AMPHENOL CORP NEW CL A CL A 032095101 293 4,975 SH Sole 4,975
ANADARKO PETE CORP COM COM 032511107 699 10,000 SH Sole 10,000
ANGLOGOLD ASHANTI LTD
SPONSORED ADR SPONSORED ADR 9T199W934 7,164 2,044 SH CALL Sole 2,044
ANNIES INC COM COM 03600T104 359 8,000 SH Sole 8,000
APOLLO GROUP INC CL A CL A 037604105 186 6,400 SH Sole 6,400
APPLE INC COM COM 037833100 1,001 1,500 SH Sole 1,500
APPLE INC COM COM 037833100 324 485 SH Sole 485
APPLE INC COM COM 037833100 2,335 3,500 SH Sole 3,500
ASIA ENTN & RESOURCES LTD SHS SHS G0539K108 48 16,000 SH Sole 16,000
ASML HOLDING N V NY REG SHS SHS N07059186 287 5,350 SH Sole 5,350
ASSURANT INC COM COM 04621X108 187 5,000 SH Sole 5,000
AT&T INC COM COM 00206R102 342 9,075 SH Sole 9,075
AT&T INC COM COM 00206R102 113 3,000 SH Sole 3,000
ATLAS ENERGY LP COM UNITS LP LP 04930A104 1,900 55,000 SH Sole 55,000
AURICO GOLD INC COM COM 05155C105 5,975 850,000 SH Sole 850,000
AURICO GOLD INC COM COM 05155C105 4,305 616,700 SH Sole 616,700
AURICO GOLD INC COM COM 05155C105 2,361 338,300 SH Sole 338,300
AURICO GOLD INC COM COM 2WK993341 1,626 2,313 SH CALL Sole 2,313
AURICO GOLD INC COM COM 2WK993341 592 842 SH CALL Sole 842
AUTONATION INC COM COM 05329W102 197 4,500 SH Sole 4,500
BAIDU INC SPON ADR REP A SPON ADR REP A 056752108 164 1,400 SH Sole 1,400
BAIDU INC SPON ADR REP A SPON ADR REP A 1W6995707 1,752 150 SH CALL Sole 150
BALL CORP COM COM 058498106 173 4,100 SH Sole 4,100
BANK OF NEW YORK MELLON CORP COM 064058100 104 4,600 SH Sole 4,600
BARRICK GOLD CORP COM COM 067901108 6,264 150,000 SH Sole 150,000
BARRICK GOLD CORP COM COM 067901108 5,220 125,000 SH Sole 125,000
BARRICK GOLD CORP COM COM 93W99V293 15,823 3,789 SH CALL Sole 3,789
BARRICK GOLD CORP COM COM 93W99V293 2,593 621 SH CALL Sole 621
BAXTER INTERNATIONAL INC COM 071813109 114 1,900 SH Sole 1,900
BB&T CORP COM COM 054937107 139 4,200 SH Sole 4,200
BEMIS INC COM COM 081437105 179 5,700 SH Sole 5,700
BEST BUY INC COM COM 086516101 122 7,100 SH Sole 7,100
BHP BILLITON LTD SPONSORED ADR SPONSORED ADR 088606108 10,292 150,000 SH Sole 150,000
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 53 570 SH Sole 570
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 114 1,220 SH Sole 1,220
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 210 2,240 SH Sole 2,240
BRF-BRASIL FOODS S A
SPONSORED ADR SPONSORED ADR 10552T107 10,121 585,000 SH Sole 585,000
BRISTOL MYERS SQUIBB CO COM 110122108 106 3,150 SH Sole 3,150
BUNGE LIMITED COM COM G16962105 10,688 159,400 SH Sole 159,400
CARDTRONICS INC COM COM 14161H108 893 30,000 SH Sole 30,000
CELGENE CORP COM COM 151020104 382 5,000 SH Sole 5,000
CELGENE CORP COM COM 151020104 840 11,000 SH Sole 11,000
CENOVUS ENERGY INC COM COM 15135U109 10,769 309,000 SH Sole 309,000
CENTURYLINK INC COM COM 156700106 162 4,000 SH Sole 4,000
CENTURYLINK INC COM COM 156700106 334 8,276 SH Sole 8,276
CF INDS HLDGS INC COM COM 125269100 778 3,500 SH Sole 3,500
CF INDS HLDGS INC COM COM 125269100 667 3,000 SH Sole 3,000
CHART INDS INC COM PAR $0.01 COM PAR $0.01 16115Q308 923 12,500 SH Sole 12,500
CHINA MOBILE LIMITED
SPONSORED ADR SPONSORED ADR 16941M109 584 10,551 SH Sole 10,551
CHUYS HLDGS INC COM ADDED COM 171604101 368 15,000 SH Sole 15,000
CIRRUS LOGIC INC COM COM 172755100 768 20,000 SH Sole 20,000
CLAUDE RES INC COM COM 182873109 863 1,010,000 SH Sole 1,010,000
CLAUDE RES INC COM COM 182873109 1,295 1,515,000 SH Sole 1,515,000
CLAYMORE EXCHANGE TRD FD TR GUGG TIMBER ETF 18383Q879 58 3,145 SH Sole 3,145
CLAYMORE EXCHANGE TRD FD TR GUGG TIMBER ETF 18383Q879 102 5,535 SH Sole 5,535
COCA COLA CO COM COM 191216100 106 2,800 SH Sole 2,800
COCA COLA ENTERPRISES INC
NE COM COM 19122T109 188 6,000 SH Sole 6,000
COEUR D ALENE MINES CORP
IDA COM NEW COM NEW 192108504 5,478 190,000 SH Sole 190,000
COEUR D ALENE MINES CORP
IDA COM NEW COM NEW 192108504 11,676 405,000 SH Sole 405,000
COMMVAULT SYSTEMS INC COM COM 204166102 822 14,000 SH Sole 14,000
COMPASS MINERALS INTL INC COM COM 20451N101 9,025 121,000 SH Sole 121,000
COMSTOCK MNG INC COM COM 205750102 3,270 1,000,000 SH Sole 1,000,000
CONCHO RES INC COM COM 20605P101 8,528 90,000 SH Sole 90,000
CONOCOPHILLIPS COM COM 20825C104 143 2,500 SH Sole 2,500
CONOCOPHILLIPS COM COM 20825C104 109 1,900 SH Sole 1,900
CONSOL ENERGY INC COM COM 20854P109 7,663 255,000 SH Sole 255,000
CONSTELLATION BRANDS INC CL A CL A 21036P108 184 5,700 SH Sole 5,700
CORE LABORATORIES N V COM COM N22717107 607 5,000 SH Sole 5,000
CROWN CASTLE INTL CORP COM COM 228227104 356 5,548 SH Sole 5,548
CYBERONICS INC COM COM 23251P102 1,048 20,000 SH Sole 20,000
D R HORTON INC COM COM 23331A109 413 20,000 SH Sole 20,000
D R HORTON INC COM COM 23331A109 330 16,000 SH Sole 16,000
D R HORTON INC COM COM 23331A109 846 41,000 SH Sole 41,000
DAVITA INC COM COM 23918K108 207 2,000 SH Sole 2,000
DAVITA INC COM COM 23918K108 829 8,000 SH Sole 8,000
DEVON ENERGY CORP NEW COM COM 25179M103 756 12,500 SH Sole 12,500
DEVON ENERGY CORP NEW COM COM 25179M103 133 2,200 SH Sole 2,200
DEVON ENERGY CORP NEW COM COM 25179M103 109 1,800 SH Sole 1,800
DIRECT MKTS HLDGS CORP COM COM 25456U109 0 10,000 SH Sole 10,000
DISCOVERY COMMUNICATNS NEW
COM SER A COM SER A 25470F104 334 5,600 SH Sole 5,600
DONNELLEY R R & SONS CO COM COM 257867101 148 14,000 SH Sole 14,000
DRDGOLD LIMITED SPON ADR
REPSTG SPON ADR REPSTG 26152H301 635 100,000 SH Sole 100,000
DXP ENTERPRISES INC NEW COM
NEW COM NEW 233377407 717 15,000 SH Sole 15,000
EBAY INC COM COM 278642103 242 5,000 SH Sole 5,000
EBAY INC COM COM 278642103 326 6,725 SH Sole 6,725
EBAY INC COM COM 278642103 726 15,000 SH Sole 15,000
ELDORADO GOLD CORP NEW COM COM 284902103 12,131 796,000 SH Sole 796,000
ELDORADO GOLD CORP NEW COM COM 284902103 3,048 200,000 SH Sole 200,000
ELDORADO GOLD CORP NEW COM COM 284902103 5,029 330,000 SH Sole 330,000
ELDORADO GOLD CORP NEW COM COM 2XJ99U671 2,438 1,600 SH CALL Sole 1,600
ELDORADO GOLD CORP NEW COM COM 2XJ99U671 1,372 900 SH CALL Sole 900
EMERSON ELEC CO COM COM 291011104 169 3,500 SH Sole 3,500
ENSCO PLC SHS CLASS A SHS CLASS A G3157S106 11,632 213,200 SH Sole 213,200
ENTERGY CORP NEW COM COM 29364G103 187 2,700 SH Sole 2,700
ENTERGY CORP NEW COM COM 29364G103 111 1,600 SH Sole 1,600
ENTERPRISE PRODS PARTNERS
L COM COM 293792107 10,398 194,000 SH Sole 194,000
ENTREE GOLD INC COM COM 29383G100 1,589 2,740,000 SH Sole 2,740,000
ETFS PALLADIUM TR SH BEN INT SH BEN INT 26923A106 629 10,000 SH Sole 10,000
ETFS PALLADIUM TR SH BEN INT SH BEN INT 26923A106 189 3,000 SH Sole 3,000
EXPRESS SCRIPTS HLDG CO COM COM 30219G108 251 4,000 SH Sole 4,000
EXPRESS SCRIPTS HLDG CO COM COM 30219G108 752 12,000 SH Sole 12,000
EXXON MOBIL CORP COM COM 30231G102 183 2,000 SH Sole 2,000
EXXON MOBIL CORP COM COM 30231G102 110 1,200 SH Sole 1,200
FIFTH THIRD BANCORP COM COM 316773100 155 10,000 SH Sole 10,000
FIRST MAJESTIC SILVER CORP COM COM 32076V103 11,585 500,000 SH Sole 500,000
FIRST MAJESTIC SILVER CORP COM COM 32076V103 3,012 130,000 SH Sole 130,000
FIRST MAJESTIC SILVER CORP COM COM 32076V103 3,707 160,000 SH Sole 160,000
FIRST MAJESTIC SILVER CORP COM COM 32076V103 278 12,000 SH Sole 12,000
FIRST MAJESTIC SILVER CORP COM COM 32076V103 579 25,000 SH Sole 25,000
FIRSTENERGY CORP COM COM 337932107 176 4,000 SH Sole 4,000
FRANCO NEVADA CORP COM COM 351858105 3,536 60,000 SH Sole 60,000
FRANCO NEVADA CORP COM COM 351858105 3,141 53,300 SH Sole 53,300
FRANCO NEVADA CORP COM /CAD/ COM 351858105 14 29,000 SH WTS Sole 29,000
FRANCO NEVADA CORP COM /CAD/ COM 351858105 42 4,767 SH WTS Sole 4,767
FREEPORT-MCMORAN COPPER &
GO COM COM 35671D857 11,751 296,890 SH Sole 296,890
FREEPORT-MCMORAN COPPER &
GO COM COM 35671D857 59 1,500 SH Sole 1,500
FREEPORT-MCMORAN COPPER &
GO COM COM 35671D857 111 2,800 SH Sole 2,800
FRESH MKT INC COM COM 35804H106 240 4,000 SH Sole 4,000
FRESH MKT INC COM COM 35804H106 780 13,000 SH Sole 13,000
FRONTIER COMMUNICATIONS
CORP COM COM 35906A108 147 30,000 SH Sole 30,000
FRONTIER COMMUNICATIONS
CORP COM COM 35906A108 319 65,000 SH Sole 65,000
GARTNER INC COM COM 366651107 323 7,000 SH Sole 7,000
GARTNER INC COM COM 366651107 645 14,000 SH Sole 14,000
GENERAL DYNAMICS CORP COM 369550108 106 1,600 SH Sole 1,600
GIANT INTERACTIVE GROUP
INC ADR ADR 374511103 89 17,100 SH Sole 17,100
GLOBAL X FDS GLB X URANIUM 37950E754 56 7,300 SH Sole 7,300
GLOBAL X FDS GLB X URANIUM 37950E754 99 12,900 SH Sole 12,900
GOLD FIELDS LTD NEW
SPONSORED ADR SPONSORED ADR 5MY99Q542 3,678 2,862 SH CALL Sole 2,862
GOLD FIELDS LTD NEW
SPONSORED ADR SPONSORED ADR 5MY99Q542 100 78 SH CALL Sole 78
GOLD STD VENTURES CORP COM COM 380738104 1,082 560,000 SH Sole 560,000
GOLD STD VENTURES CORP COM COM 380738104 579 300,000 SH Sole 300,000
GOLDCORP INC NEW COM COM 380956409 4,998 109,000 SH Sole 109,000
GOLDCORP INC NEW COM COM 380956409 7,611 166,000 SH Sole 166,000
GOLDCORP INC NEW COM COM 8AY99W823 18,354 4,003 SH CALL Sole 4,003
GOLDCORP INC NEW COM COM 8AY99W823 7,918 1,727 SH CALL Sole 1,727
GOLDCORP INC NEW COM COM 3Z7992944 6,579 1,435 SH CALL Sole 1,435
GOLDCORP INC NEW COM COM 3Z7992944 3,187 695 SH CALL Sole 695
GOLDEN MINERALS CO COM COM 5NQ991718 1,639 3,140 SH CALL Sole 3,140
GOLDEN MINERALS COMPANY /CAD/ COM 381119106 13 2,500 SH Sole 2,500
GOLDEN STAR RES LTD CDA COM COM 38119T104 542 275,000 SH Sole 275,000
GOLDEN STAR RES LTD CDA COM COM 38119T104 1,084 550,000 SH Sole 550,000
GOLDMAN SACHS GROUP INC COM 38141G104 114 1,000 SH Sole 1,000
GOOGLE INC CL A CL A 38259P508 302 400 SH Sole 400
GRAN TIERRA ENERGY INC COM COM 38500T101 7,393 1,430,000 SH Sole 1,430,000
GULFPORT ENERGY CORP COM NEW COM NEW 402635304 938 30,000 SH Sole 30,000
HARBINGER GROUP INC COM 41146A106 41 4,900 SH Sole 4,900
HARMONY GOLD MNG LTD
SPONSORED ADR SPONSORED ADR 413216300 3,785 450,000 SH Sole 450,000
HARMONY GOLD MNG LTD
SPONSORED ADR SPONSORED ADR 413216300 5,046 600,000 SH Sole 600,000
HARMONY GOLD MNG LTD
SPONSORED ADR SPONSORED ADR 9XL994273 2,132 2,535 SH CALL Sole 2,535
HARMONY GOLD MNG LTD
SPONSORED ADR SPONSORED ADR 9XL994273 1,703 2,025 SH CALL Sole 2,025
HARRIS CORP DEL COM COM 413875105 205 4,000 SH Sole 4,000
HECLA MNG CO COM COM 2VR99S721 917 1,400 SH CALL Sole 1,400
HECLA MNG CO COM COM 2VR99S721 393 600 SH CALL Sole 600
HESS CORP COM COM 42809H107 16,116 300,000 SH Sole 300,000
HEWLETT PACKARD CO COM COM 428236103 107 6,300 SH Sole 6,300
HOLLYFRONTIER CORP COM COM 436106108 10,400 252,000 SH Sole 252,000
HOLLYFRONTIER CORP COM COM 436106108 103 2,500 SH Sole 2,500
HORNBECK OFFSHORE SVCS INC
N COM COM 440543106 7,330 200,000 SH Sole 200,000
HORNBECK OFFSHORE SVCS INC
N COM COM 440543106 183 5,000 SH Sole 5,000
HORNBECK OFFSHORE SVCS INC
N COM COM 440543106 440 12,000 SH Sole 12,000
IAMGOLD CORP COM COM 450913108 2,451 155,000 SH Sole 155,000
IAMGOLD CORP COM COM 450913108 2,846 180,000 SH Sole 180,000
IAMGOLD CORP COM COM 7WJ99V304 356 225 SH CALL Sole 225
IAMGOLD CORP COM COM 7WJ99V304 356 225 SH CALL Sole 225
IAMGOLD CORP COM COM 7WJ99V312 4,209 2,662 SH CALL Sole 2,662
IAMGOLD CORP COM COM 7WJ99V312 3,934 2,488 SH CALL Sole 2,488
IMPERIAL OIL LTD COM NEW COM NEW 453038408 2,728 59,274 SH Sole 59,274
INTEGRYS ENERGY GROUP INC COM COM 45822P105 162 3,100 SH Sole 3,100
INTERCONTINENTAL HTLS
GRP PL SPONS ADR NEW SPONS ADR NEW 45857P301 320 12,200 SH Sole 12,200
INTERNATIONAL BUSINESS MACHS
COM COM 459200101 187 900 SH Sole 900
INTL PAPER CO COM COM 460146103 12,687 349,300 SH Sole 349,300
INTEROIL CORP COM 460951106 203 2,626 SH Sole 2,626
IRON MTN INC COM COM 462846106 205 6,000 SH Sole 6,000
ISHARES INC MSCI HONG KONG MSCI HONG KONG 464286871 145 7,960 SH Sole 7,960
ISHARES INC MSCI HONG KONG MSCI HONG KONG 464286871 41 2,280 SH Sole 2,280
ISHARES INC MSCI S KOREA MSCI S KOREA 464286772 142 2,400 SH Sole 2,400
ISHARES INC MSCI S KOREA MSCI S KOREA 464286772 40 680 SH Sole 680
ISHARES INC MSCI TAIWAN MSCI TAIWAN 464286731 145 10,830 SH Sole 10,830
ISHARES INC MSCI TAIWAN MSCI TAIWAN 464286731 41 3,100 SH Sole 3,100
ISHARES INC MSCI THAILAND MSCI THAILAND 464286624 139 1,830 SH Sole 1,830
ISHARES INC MSCI THAILAND MSCI THAILAND 464286624 40 530 SH Sole 530
ISHARES SILVER TRUST ISHARES ISHARES 46428Q109 17 500 SH Sole 500
ISHARES SILVER TRUST ISHARES ISHARES 46428Q109 33 1,000 SH Sole 1,000
ISHARES SILVER TRUST ISHARES ISHARES 46428Q109 50 1,500 SH Sole 1,500
ISHARES TR FTSE CHINA25 IDX FTSE CHINA25 IDX 464287184 138 4,000 SH Sole 4,000
ISHARES TR FTSE CHINA25 IDX FTSE CHINA25 IDX 464287184 38 1,110 SH Sole 1,110
ISHARES TR MSCI PERU CAP MSCI PERU CAP 464289842 43 960 SH Sole 960
IVANHOE ENERGY INC COM COM 465790103 227 414,100 SH Sole 414,100
IVANHOE ENERGY INC /CAD/ COM 465790103 11 19,550 SH Sole 19,550
JPMORGAN ALERIAN MLP INDEX ALERIAN ML ETN 46625H365 28 690 SH Sole 690
JPMORGAN ALERIAN MLP INDEX ALERIAN ML ETN 46625H365 49 1,210 SH Sole 1,210
KBW INC COM COM 6WB994741 494 300 SH CALL Sole 300
KBW INC COM COM 6WB994741 247 150 SH CALL Sole 150
KIMBER RES INC COM COM 49435N101 1,043 1,500,000 SH Sole 1,500,000
KIMBER RES INC COM COM 49435N101 35 50,000 SH Sole 50,000
KINDER MORGAN INC DEL COM COM 49456B101 10,961 308,600 SH Sole 308,600
KINROSS GOLD CORP COM NO PAR COM NO PAR 496902404 2,042 200,000 SH Sole 200,000
KINROSS GOLD CORP COM NO PAR COM NO PAR 496902404 1,021 100,000 SH Sole 100,000
KINROSS GOLD CORP COM NO PAR COM NO PAR 496902404 0 1 SH Sole 1
KINROSS GOLD CORP COM NO PAR COM NO PAR 4XP99U219 4,094 4,000 SH CALL Sole 4,000
KINROSS GOLD CORP COM NO PAR COM NO PAR 4XP99U219 2,047 2,000 SH CALL Sole 2,000
KINROSS GOLD CORP COM NO PAR COM NO PAR 6W4992297 1,845 1,803 SH CALL Sole 1,803
KINROSS GOLD CORP COM NO PAR COM NO PAR 6W4992297 1,353 1,322 SH CALL Sole 1,322
KOHLS CORP COM COM 500255104 169 3,300 SH Sole 3,300
KROGER CO COM COM 501044101 153 6,500 SH Sole 6,500
L-3 COMMUNICATIONS HLDGS
INC COM COM 502424104 179 2,500 SH Sole 2,500
LAKE SHORE GOLD CORP COM COM 510728108 504 500,000 SH Sole 500,000
LAS VEGAS SANDS CORP COM COM 517834107 464 10,000 SH Sole 10,000
LAS VEGAS SANDS CORP COM COM 517834107 1,020 22,000 SH Sole 22,000
LENNAR CORP CL A CL A 526057104 330 9,500 SH Sole 9,500
LEXMARK INTL NEW CL A CL A 529771107 134 6,000 SH Sole 6,000
LINCOLN NATL CORP IND COM COM 534187109 198 8,200 SH Sole 8,200
LINKEDIN CORP COM CL A CL A 53578A108 843 7,000 SH Sole 7,000
LLOYDS BANKING GROUP PLC
SPONSORED ADR SPONSORED ADR 539439109 137 55,000 SH Sole 55,000
LOCKHEED MARTIN CORP COM 539830109 112 1,200 SH Sole 1,200
LORILLARD INC COM COM 544147101 198 1,700 SH Sole 1,700
LOWES COS INC COM 548661107 109 3,600 SH Sole 3,600
MAG SILVER CORP COM COM 55903Q104 9,076 741,000 SH Sole 741,000
MAG SILVER CORPORATION /CAD/ COM 55903Q104 108 9,000 SH Sole 9,000
MARATHON PETE CORP COM COM 56585A102 8,075 147,913 SH Sole 147,913
MARATHON PETE CORP COM COM 56585A102 186 3,400 SH Sole 3,400
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 5ZQ990101 2,551 475 SH PUT Sole 475
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 5ZQ990101 1,117 208 SH PUT Sole 208
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 6ZW996183 3,448 642 SH PUT Sole 642
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 6ZW996183 1,654 308 SH PUT Sole 308
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 72G992489 5,371 1,000 SH PUT Sole 1,000
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 57060U100 1 20 SH Sole 20
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 57060U100 1 20 SH Sole 20
MARKET VECTORS ETF TR GOLD
MINER ETF GOLD MINER ETF 57060U100 5 52 SH PUT Sole 52
MARKET VECTORS ETF TR JR GOLD
MINERS E JR GOLD MINERS E 7ZA996137 13,596 5,500 SH PUT Sole 5,500
MARKET VECTORS ETF TR JR GOLD
MINERS E JR GOLD MINERS E 7ZA996137 6,180 2,500 SH PUT Sole 2,500
MARKET VECTORS ETF TR JR GOLD
MINERS E JR GOLD MINERS E 57060U589 1 35 SH Sole 35
MARKET VECTORS ETF TR JR GOLD
MINERS E JR GOLD MINERS E 57060U589 1 35 SH Sole 35
MARKET VECTORS ETF TR OIL
SVCS ETF OIL SVCS ETF 57060U191 1 100 SH PUT Sole 100
MASTERCARD INC CL A CL A 57636Q104 677 1,500 SH Sole 1,500
MASTERCARD INC CL A CL A 57636Q104 1,219 2,700 SH Sole 2,700
MCEWEN MNG INC COM COM 58039P107 1,377 300,000 SH Sole 300,000
MICHAEL KORS HLDGS LTD SHS SHS G60754101 798 15,000 SH Sole 15,000
MIDWAY GOLD CORP COM COM 598153104 436 265,800 SH Sole 265,800
MINES MGMT INC COM COM 603432105 539 350,000 SH Sole 350,000
MONSANTO CO NEW COM COM 61166W101 5,598 61,500 SH Sole 61,500
MOTOROLA SOLUTIONS INC COM NEW COM NEW 620076307 177 3,500 SH Sole 3,500
NATIONAL OILWELL VARCO INC COM COM 637071101 9,934 124,000 SH Sole 124,000
NETEASE INC SPONSORED ADR SPONSORED ADR 5SB993677 225 40 SH CALL Sole 40
NETEASE INC SPONSORED ADR SPONSORED ADR 57L995545 337 60 SH CALL Sole 60
NEVSUN RES LTD COM COM 64156L101 1,763 375,000 SH Sole 375,000
NEW GOLD INC CDA COM COM 644535106 2,139 175,000 SH Sole 175,000
NEWFIELD EXPL CO COM COM 651290108 6,170 197,000 SH Sole 197,000
NEWMONT MINING CORP COM COM 651639106 8,402 150,000 SH Sole 150,000
NEWMONT MINING CORP COM COM 651639106 5,601 100,000 SH Sole 100,000
NEWMONT MINING CORP COM COM 4X299W020 21,900 3,910 SH CALL Sole 3,910
NEWMONT MINING CORP COM COM 4X299W020 10,922 1,950 SH CALL Sole 1,950
NORDSTROM INC COM COM 655664100 298 5,400 SH Sole 5,400
NORFOLK SOUTHERN CORP COM 655844108 108 1,700 SH Sole 1,700
NORTHROP GRUMMAN CORP COM COM 666807102 199 3,000 SH Sole 3,000
NRG ENERGY INC COM NEW COM NEW 629377508 173 8,100 SH Sole 8,100
NUSTAR ENERGY LP UNIT COM COM 67058H102 137 2,700 SH Sole 2,700
OCCIDENTAL PETROLEUM CORP COM 674599105 86 1,000 SH Sole 1,000
OIL STS INTL INC COM COM 678026105 12,062 151,800 SH Sole 151,800
P T TELEKOMUNIKASI INDONESIA
SPONSORED ADR SPONSORED ADR 715684106 350 9,000 SH Sole 9,000
P T TELEKOMUNIKASI INDONESIA
SPONSORED ADR SPONSORED ADR 715684106 331 8,500 SH Sole 8,500
PAN AMERICAN SILVER CORP COM COM 697900108 4,826 225,000 SH Sole 225,000
PAN AMERICAN SILVER CORP COM COM 97K99V214 6,115 2,851 SH CALL Sole 2,851
PAN AMERICAN SILVER CORP COM COM 97K99V214 491 229 SH CALL Sole 229
PATTERSON COMPANIES INC COM COM 703395103 171 5,000 SH Sole 5,000
PEREGRINE SEMICONDUCTOR CORP
COM ADDED COM 71366R703 424 25,000 SH Sole 25,000
PERRIGO CO COM COM 714290103 174 1,500 SH Sole 1,500
PERRIGO CO COM COM 714290103 871 7,500 SH Sole 7,500
PFIZER INC COM COM 717081103 112 4,500 SH Sole 4,500
PHILIP MORRIS INTERNATIONAL
INC COM 718172109 108 1,200 SH Sole 1,200
PHILIPPINE LONG DISTANCE TEL
SPONSORED ADR SPONSORED ADR 718252604 265 4,020 SH Sole 4,020
PHILIPPINE LONG DISTANCE TEL
SPONSORED ADR SPONSORED ADR 718252604 336 5,090 SH Sole 5,090
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 112 1,100 SH Sole 1,100
PIONEER ENERGY SVCS CORP
COM ADDED COM 723664108 5,453 700,000 SH Sole 700,000
PIONEER NAT RES CO COM COM 723787107 11,129 106,600 SH Sole 106,600
PLAINS ALL AMERN PIPELINE L
UNIT LTD PARTN UNIT LTD PARTN 726503105 142 1,615 SH Sole 1,615
PLATINUM GROUP METALS LTD
COM NEW COM NEW 72765Q205 2,350 2,265,000 SH Sole 2,265,000
PLATINUM GROUP METALS /CAD/ COM 72765Q205 77 75,000 SH Sole 75,000
PLUM CREEK TIMBER CO INC COM COM 729251108 10,960 250,000 SH Sole 250,000
POLARIS INDS INC COM COM 731068102 809 10,000 SH Sole 10,000
POTASH CORP SASK INC COM COM 73755L107 9,817 226,100 SH Sole 226,100
POWERSHARES DB BASE
METALS FUND DB BASE METALS 73936B705 108 5,460 SH Sole 5,460
POWERSHARES DB BASE
METALS FUND DB BASE METALS 73936B705 61 3,100 SH Sole 3,100
POWERSHARES DB GOLD FUND DB GOLD FUND 73936B606 183 3,000 SH Sole 3,000
POWERSHARES DB GOLD FUND DB GOLD FUND 73936B606 98 1,600 SH Sole 1,600
POWERSHARES DB SILVER FUND DB SILVER FUND 73936B309 120 2,000 SH Sole 2,000
POWERSHARES DB SILVER FUND DB SILVER FUND 73936B309 60 1,000 SH Sole 1,000
POWERSHARES INDIA ETF TR
INDIA PORT INDIA PORT 73935L100 43 2,280 SH Sole 2,280
POWERSHARES QQQ TRUST
UNIT SER 1 UNIT SER 1 57W994454 2,400 350 SH CALL Sole 350
POWERSHARES QQQ TRUST
UNIT SER 1 UNIT SER 1 57W994454 1,200 175 SH CALL Sole 175
PPG INDS INC COM COM 693506107 230 2,000 SH Sole 2,000
PRETIUM RES INC COM COM 74139C102 1,310 100,000 SH Sole 100,000
PRETIUM RES INC COM COM 74139C102 2,883 220,000 SH Sole 220,000
PRUDENTIAL PLC ADR ADR 74435K204 130 5,000 SH Sole 5,000
PULTE GROUP INC COM COM 745867101 357 23,000 SH Sole 23,000
QEP RES INC COM COM 74733V100 792 25,000 SH Sole 25,000
QUEST DIAGNOSTICS INC COM COM 74834L100 190 3,000 SH Sole 3,000
RANDGOLD RES LTD ADR ADR 752344309 2,460 20,000 SH Sole 20,000
RANDGOLD RES LTD ADR ADR 44L990114 8,610 700 SH CALL Sole 700
RANDGOLD RES LTD ADR ADR 44L990114 3,690 300 SH CALL Sole 300
RAYTHEON CO COM 755111507 109 1,900 SH Sole 1,900
RED HAT INC COM COM 756577102 305 5,350 SH Sole 5,350
REGIONS FINANCIAL CORP NEW COM COM 7591EP100 137 19,000 SH Sole 19,000
RELIANCE STEEL & ALUMINUM
CO COM COM 759509102 10,994 210,000 SH Sole 210,000
REVETT MINERALS INC COM NEW COM NEW 761505205 1,611 450,000 SH Sole 450,000
RICHMONT MINES INC COM COM 76547T106 238 50,000 SH Sole 50,000
RICHMONT MINES INC COM COM 76547T106 1,000 210,000 SH Sole 210,000
ROSS STORES INC COM COM 778296103 291 4,500 SH Sole 4,500
ROYAL GOLD INC COM COM 780287108 3,994 40,000 SH Sole 40,000
RUBICON MINERALS CORP COM COM 780911103 5,631 1,500,000 SH Sole 1,500,000
SAFEWAY INC COM NEW NEW 786514208 193 12,000 SH Sole 12,000
SANDRIDGE MISSISSIPPIAN TR I
SH BEN INT COM UNIT BEN INT 80007V106 5,451 268,000 SH Sole 268,000
SANDSTORM GOLD LTD COM NEW
ADDED COM NEW 80013R206 3,533 275,000 SH Sole 275,000
SANDSTORM GOLD LTD COM /CAD/ COM 80013R206 189 15,000 SH Sole 15,000
SCRIPPS NETWORKS INTERACT IN
CL A COM COM 811065101 318 5,200 SH Sole 5,200
SEAGATE TECHNOLOGY PLC SHS SHS G7945M107 310 10,000 SH Sole 10,000
SHANDA GAMES LTD SP ADR
REPTG A SP ADR REPTG A 81941U105 66 17,500 SH Sole 17,500
SILVER STD RES INC COM COM 78D99V261 6,128 3,823 SH CALL Sole 3,823
SILVER STD RES INC COM COM 78D99V261 2,760 1,722 SH CALL Sole 1,722
SILVER WHEATON CORP COM COM 828336107 5,957 150,000 SH Sole 150,000
SILVER WHEATON CORP COM COM 828336107 10,920 275,000 SH Sole 275,000
SILVER WHEATON CORP COM COM 1SU996079 1,588 400 SH CALL Sole 400
SILVER WHEATON CORP COM COM 1SU996079 794 200 SH CALL Sole 200
SILVERCORP METALS INC COM COM 82835P103 667 103,000 SH Sole 103,000
SILVERCORP METALS INC COM COM 82835P103 117 18,000 SH Sole 18,000
SLM CORP COM COM 78442P106 173 11,000 SH Sole 11,000
SM ENERGY CO COM COM 78454L100 1,894 35,000 SH Sole 35,000
SM ENERGY CO COM COM 78454L100 1,353 25,000 SH Sole 25,000
SMITHFIELD FOODS INC COM COM 832248108 10,375 528,000 SH Sole 528,000
SOCIEDAD QUIMICA MINERA DE
C SPON ADR SER B SPON ADR SER B 833635105 10,966 177,900 SH Sole 177,900
SOLITARIO EXPL & RTY CORP COM COM 8342EP107 1,720 955,000 SH Sole 955,000
SOUTHERN COPPER CORP COM COM 84265V105 10,893 317,012 SH Sole 317,012
SOUTHWESTERN ENERGY CO COM COM 845467109 6,956 200,000 SH Sole 200,000
SPDR GOLD TRUST GOLD SHS GOLD SHS 17K99W442 585 34 SH CALL Sole 34
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 2,150 12,500 SH Sole 12,500
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 5,161 30,000 SH Sole 30,000
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 34 200 SH Sole 200
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 378 2,200 SH Sole 2,200
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 52 300 SH Sole 300
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 275 1,600 SH Sole 1,600
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 430 2,500 SH Sole 2,500
SPDR S&P 500 ETF TR TR UNIT TR UNIT 4N799W506 1,800 125 SH PUT Sole 125
SPDR S&P 500 ETF TR TR UNIT TR UNIT 4N799W506 37 225 SH PUT Sole 225
SPDR SERIES TRUST S&P BK ETF S&P BK ETF 78464A797 188 8,000 SH Sole 8,000
SPDR SERIES TRUST S&P BK ETF S&P BK ETF 78464A797 352 15,000 SH Sole 15,000
SPDR SERIES TRUST S&P
OILGAS EXP S&P OILGAS EXP 27Q993282 5,569 1,000 SH PUT Sole 1,000
SPDR SERIES TRUST S&P
OILGAS EXP S&P OILGAS EXP 27Q993282 8 100 SH PUT Sole 100
SPDR SERIES TRUST S&P REGL BKG S&P REGL BKG 78464A698 286 10,000 SH Sole 10,000
SPDR SERIES TRUST S&P REGL BKG S&P REGL BKG 78464A698 573 20,000 SH Sole 20,000
SPREADTRUM COMMUNICATIONS
IN ADR ADR 849415203 102 4,976 SH Sole 4,976
SPREADTRUM COMMUNICATIONS
IN ADR ADR 38R994385 206 100 SH CALL Sole 100
SUNOCO INC COM COM 86764P109 197 4,200 SH Sole 4,200
TAHOE RES INC COM COM 873868103 8,551 420,000 SH Sole 420,000
TECO ENERGY INC COM COM 872375100 181 10,200 SH Sole 10,200
TELECOM CORP NEW ZEALAND LTD
SPONSORED ADR DELETED SPONSORED ADR 879278208 306 31,493 SH Sole 31,493
TELECOM CORP NEW ZEALAND LTD
SPONSORED ADR DELETED SPONSORED ADR 879278208 329 33,810 SH Sole 33,810
TENET HEALTHCARE CORP COM COM 88033G100 179 28,500 SH Sole 28,500
TERADATA CORP DEL COM COM 88076W103 226 3,000 SH Sole 3,000
TERADATA CORP DEL COM COM 88076W103 307 4,070 SH Sole 4,070
TERADATA CORP DEL COM COM 88076W103 754 10,000 SH Sole 10,000
TEUCRIUM COMMODITY TR CORN FD SHS 88166A102 15 50 SH PUT Sole 50
TEUCRIUM COMMODITY TR CORN FD SHS 88166A102 6 20 SH PUT Sole 20
TIMMINS GOLD CORP COM COM 88741P103 552 196,000 SH Sole 196,000
TIMMINS GOLD CORP COM COM 88741P103 829 294,000 SH Sole 294,000
TITANIUM METALS CORP COM NEW COM NEW 888339207 182 14,200 SH Sole 14,200
TORCHMARK CORP COM COM 891027104 154 3,000 SH Sole 3,000
TRANSDIGM GROUP INC COM COM 893641100 993 7,000 SH Sole 7,000
TURKCELL ILETISIM HIZMETLERI
SPON ADR NEW SPON ADR NEW 900111204 2,271 150,000 SH Sole 150,000
TYSON FOODS INC CL A CL A 902494103 10,096 630,200 SH Sole 630,200
ULTA SALON COSMETCS & FRAG
I COM COM 90384S303 289 3,000 SH Sole 3,000
ULTA SALON COSMETCS & FRAG
I COM COM 90384S303 963 10,000 SH Sole 10,000
UNION PAC CORP COM COM 907818108 356 3,000 SH Sole 3,000
UNION PAC CORP COM COM 907818108 712 6,000 SH Sole 6,000
UNITED PARCEL SERVICE INC CL B 911312106 100 1,400 SH Sole 1,400
URANIUM ENERGY CORP COM 916896103 142 54,500 SH Sole 54,500
US BANCORP DEL COM NEW COM NEW 902973304 137 4,000 SH Sole 4,000
V F CORP COM COM 918204108 335 2,100 SH Sole 2,100
VALERO ENERGY CORP NEW COM COM 91913Y100 174 5,500 SH Sole 5,500
VALERO ENERGY CORP NEW COM COM 91913Y100 348 11,000 SH Sole 11,000
VALERO ENERGY CORP COM COM 91913Y100 54 1,700 SH Sole 1,700
VANGUARD NATURAL RESOURCES LLC COM UNIT 92205F106 172 5,950 SH Sole 5,950
VERIFONE SYS INC COM COM 92342Y109 348 12,500 SH Sole 12,500
VERISIGN INC COM COM 92343E102 229 4,700 SH Sole 4,700
VERIZON COMMUNICATIONS INC COM COM 92343V104 205 4,500 SH Sole 4,500
VERIZON COMMUNICATIONS INC COM COM 92343V104 335 7,341 SH Sole 7,341
VISA INC COM CL A COM CL A 92826C839 319 2,375 SH Sole 2,375
VODAFONE GROUP PLC NEW SPONS
ADR NEW NEW 92857W209 331 11,610 SH Sole 11,610
WABTEC CORP COM COM 929740108 401 5,000 SH Sole 5,000
WABTEC CORP COM COM 929740108 963 12,000 SH Sole 12,000
WALGREEN CO COM 931422109 109 3,000 SH Sole 3,000
WATSON PHARMACEUTICALS INC COM COM 942683103 426 5,000 SH Sole 5,000
WATSON PHARMACEUTICALS INC COM COM 942683103 1,022 12,000 SH Sole 12,000
WEB COM GROUP INC COM COM 94733A104 808 45,000 SH Sole 45,000
WELLPOINT INC COM COM 94973V107 139 2,400 SH Sole 2,400
WELLS FARGO & CO NEW COM COM 949746101 138 4,000 SH Sole 4,000
WELLS FARGO & CO NEW COM COM 949746101 110 3,200 SH Sole 3,200
WESTERN GAS PARTNERS LP COM
UNIT LP IN COM UNIT LP IN 958254104 11,544 229,000 SH Sole 229,000
WESTERN REFNG INC COM COM 959319104 785 30,000 SH Sole 30,000
WEYERHAEUSER CO COM COM 962166104 10,942 418,600 SH Sole 418,600
WILLIAMS COS INC DEL COM COM 969457100 10,491 300,000 SH Sole 300,000
WYNDHAM WORLDWIDE CORP COM COM 98310W108 315 6,000 SH Sole 6,000
WYNN RESORTS LTD COM COM 983134107 208 1,800 SH Sole 1,800
XINYUAN REAL ESTATE CO LTD
SPONS ADR SPONS ADR 98417P105 74 26,000 SH Sole 26,000
YAMANA GOLD INC COM COM 98462Y100 12,479 653,000 SH Sole 653,000
YAMANA GOLD INC COM COM 98462Y100 6,689 350,000 SH Sole 350,000
YAMANA GOLD INC COM COM 98462Y100 13,377 700,000 SH Sole 700,000
YANDEX N V SHS CLASS A SHS CLASS A N97284108 3,392 140,700 SH Sole 140,700
GRAND TOTAL 958,949 44,112,736