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
AG MTG INVT TR INC COM 001228105 575 44,773 SH   SOLE   44,773 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 717 8,819 SH   SOLE   8,819 0 0
ALPHABET INC CAP STK CL C 02079K107 2,963 3,904 SH   SOLE   3,904 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 1,301 104,798 SH   SOLE   104,798 0 0
AMGEN INC COM 031162100 601 3,702 SH   SOLE   3,702 0 0
APPLE INC COM 037833100 1,460 13,867 SH   SOLE   13,867 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 273 8,037 SH   SOLE   8,037 0 0
ASTROTECH CORP COM 046484101 22 14,595 SH   SOLE   14,595 0 0
BAIDU INC SPON ADR REP A 056752108 1,222 6,464 SH   SOLE   6,464 0 0
BARRICK GOLD CORP COM 067901108 250 33,848 SH   SOLE   33,848 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 713 5,399 SH   SOLE   5,399 0 0
BMC STK HLDGS INC COM 05591B109 220 13,150 SH   SOLE   13,150 0 0
CELLDEX THERAPEUTICS INC NEW COM 15117B103 566 36,071 SH   SOLE   36,071 0 0
CITIGROUP INC COM NEW 172967424 2,349 45,399 SH   SOLE   45,399 0 0
CLIFFS NAT RES INC COM 18683K101 20 12,679 SH   SOLE   12,679 0 0
E M C CORP MASS COM 268648102 332 12,945 SH   SOLE   12,945 0 0
EMERGENT CAP INC COM 29102N105 279 75,509 SH   SOLE   75,509 0 0
EQUUS TOTAL RETURN INC COM 294766100 57 31,797 SH   SOLE   31,797 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 75 22,931 SH   SOLE   22,931 0 0
FREEPORT-MCMORAN INC CL B 35671D857 169 24,923 SH   SOLE   24,923 0 0
GENERAL MOLY INC COM 370373102 4 21,355 SH   SOLE   21,355 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 285 17,471 SH   SOLE   17,471 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 419 17,249 SH   SOLE   17,249 0 0
GENERAL MTRS CO COM 37045V100 4,197 123,402 SH   SOLE   123,402 0 0
GENWORTH FINL INC COM CL A 37247D106 93 24,826 SH   SOLE   24,826 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 583 14,458 SH   SOLE   14,458 0 0
GRAN TIERRA ENERGY INC COM 38500T101 104 47,795 SH   SOLE   47,795 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 758 12,625 SH   SOLE   12,625 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 450 36,338 SH   SOLE   36,338 0 0
ISHARES MSCI BRZ CAP ETF 464286400 337 16,108 SH   SOLE   16,108 0 0
ISHARES TR HDG MSCI GERMN 46434V704 1,859 76,275 SH   SOLE   76,275 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 906 66,015 SH   SOLE   66,015 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 946 49,256 SH   SOLE   49,256 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 417 47,291 SH   SOLE   47,291 0 0
MECHEL OAO SPON ADR PFD 583840509 25 95,610 SH   SOLE   95,610 0 0
MERCK & CO INC NEW COM 58933Y105 261 4,940 SH   SOLE   4,940 0 0
MGIC INVT CORP WIS COM 552848103 226 25,621 SH   SOLE   25,621 0 0
MICRON TECHNOLOGY INC COM 595112103 1,257 88,792 SH   SOLE   88,792 0 0
MORGANS HOTEL GROUP CO COM 61748W108 255 75,512 SH   SOLE   75,512 0 0
NEKTAR THERAPEUTICS COM 640268108 224 13,276 SH   SOLE   13,276 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 4,002 234,985 SH   SOLE   234,985 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,237 81,064 SH   SOLE   81,064 0 0
PICO HLDGS INC COM NEW 693366205 145 14,064 SH   SOLE   14,064 0 0
SANOFI RIGHT 12/31/2020 80105N113 6 49,328 SH   SOLE   49,328 0 0
SANOFI SPONSORED ADR 80105N105 399 9,348 SH   SOLE   9,348 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 38,410 188,403 SH   SOLE   188,403 0 0
ST JUDE MED INC COM 790849103 1,244 20,131 SH   SOLE   20,131 0 0
TITAN INTL INC ILL COM 88830M102 99 25,154 SH   SOLE   25,154 0 0
UCP INC CL A 90265Y106 319 44,364 SH   SOLE   44,364 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 396 3,900 SH   SOLE   3,900 0 0
VEREIT INC COM 92339V100 212 26,717 SH   SOLE   26,717 0 0
VIACOM INC NEW CL B 92553P201 295 7,158 SH   SOLE   7,158 0 0