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
APPLE INC COM 037833100 120,073 1,191,790 SH   SOLE None 1,191,790 0 0
ACTAVIS PLC SHS G0083B108 170,458 706,472 SH   SOLE None 706,472 0 0
AERCAP HOLDINGS NV SHS N00985106 152,671 3,732,783 SH   SOLE None 3,732,783 0 0
ASSURED GUARANTY LTD COM G0585R106 32,984 1,488,452 SH   SOLE None 1,488,452 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 283,448 5,247,100 SH   SOLE None 5,247,100 0 0
ANADARKO PETROLEUM CORP COM 032511107 53,525 527,649 SH   SOLE None 527,649 0 0
ATLAS PIPELINE PARTNERS LP UNIT LP INT 049392103 122,053 3,347,592 SH   SOLE None 3,347,592 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 85,795 4,408,795 SH   SOLE None 4,408,795 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 18,861 969,200 SH   SOLE None 969,200 0 0
ASHLAND INC NEW COM 044209104 37,485 360,087 SH   SOLE None 360,087 0 0
ASPEN AEROGELS INC COM 04523Y105 779 77,300 SH   SOLE None 77,300 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 129,139 1,281,137 SH   SOLE None 1,281,137 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 179,790 4,086,140 SH   SOLE None 4,086,140 0 0
AVALONBAY COMMUNITIES INC COM 053484101 7,049 50,000 SH   SOLE None 50,000 0 0
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 1,192 100,000 SH   SOLE None 100,000 0 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102 36,429 410,000 SH   SOLE None 410,000 0 0
BROOKDALE SENIOR LIVING INC COM 112463104 5,639 175,000 SH   SOLE None 175,000 0 0
BLUEBIRD BIO INC COM 09609G100 1,385 38,600 SH   SOLE None 38,600 0 0
CITIGROUP INC COM NEW 172967424 267,420 5,160,550 SH   SOLE None 5,160,550 0 0
CAESARS ACQUISITION CO-CL A CL A 12768T103 2,867 302,780 SH   SOLE None 302,780 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 4,208 63,400 SH   SOLE None 63,400 0 0
CENTURY COMMUNITIES INC COM 156504300 2,537 146,198 SH   SOLE None 146,198 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 196,174 64,530,856 SH   SOLE None 64,530,856 0 0
COMCAST CORP CL A SPL 20030N200 112,846 2,109,272 SH   SOLE None 2,109,272 0 0
CABOT OIL & GAS CORP COM 127097103 56,643 1,732,728 SH   SOLE None 1,732,728 0 0
COMMSCOPE HOLDING CO INC COM 20337X109 19,827 829,241 SH   SOLE None 829,241 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 87,947 6,991,033 SH   SOLE None 6,991,033 0 0
DISH NETWORK CORP CL A 25470M109 191,905 2,971,579 SH   SOLE None 2,971,579 0 0
DELIA*S INC NEW COM 246911101 1,139 4,259,520 SH   SOLE None 4,259,520 0 0
DENBURY RESOURCES INC COM NEW 247916208 56,932 3,787,907 SH   SOLE None 3,787,907 0 0
EBAY INC COM 278642103 178,628 3,154,300 SH   SOLE None 3,154,300 0 0
ECLIPSE RESOURCES CORP COM 27890G100 4,986 300,000 SH   SOLE None 300,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 21,153 952,000 SH   SOLE None 952,000 0 0
EASTMAN CHEMICAL CO COM 277432100 128,925 1,593,835 SH   SOLE None 1,593,835 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 703 23,100 SH   SOLE None 23,100 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 155,385 6,878,504 SH   SOLE None 6,878,504 0 0
GAMING AND LEISURE PROPERTIE COM 36467J108 144,741 4,684,180 SH   SOLE None 4,684,180 0 0
GROUPON INC COM CL A 399473107 58,707 8,788,474 SH   SOLE None 8,788,474 0 0
GULF COAST ULTRA DEEP ROYALTY TR UNT 40222T104 33,818 16,909,015 SH   SOLE None 16,909,015 0 0
HALLIBURTON CO COM 406216101 123,033 1,907,199 SH   SOLE None 1,907,199 0 0
HCA HOLDINGS INC COM 40412C101 172,189 2,441,700 SH   SOLE None 2,441,700 0 0
HARBINGER GROUP INC COM 41146A106 58,133 4,430,857 SH   SOLE None 4,430,857 0 0
HARBINGER GROUP INC COM 41146A106 87,852 6,696,000 SH   SOLE None 6,696,000 0 0
INDEPENDENCE CONTRACT DRILLI COM 453415309 424 36,096 SH   SOLE None 36,096 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 45,799 234,804 SH   SOLE None 234,804 0 0
ISHARES RUSSELL 2000 ETF 464287655 7,321 66,950 SH   SOLE None 66,950 0 0
JPMORGAN CHASE & CO COM 46625H100 108,540 1,801,800 SH   SOLE None 1,801,800 0 0
KAR AUCTION SERVICES INC COM 48238T109 84,678 2,957,661 SH   SOLE None 2,957,661 0 0
KKR & CO LP COM UNITS LP 48248M102 109,306 4,901,622 SH   SOLE None 4,901,622 0 0
KINDER MORGAN INC COM 49456B101 43,908 1,145,229 SH   SOLE None 1,145,229 0 0
LIN MEDIA LLC CL A COM 532771102 8,378 377,408 SH   SOLE None 377,408 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 53,687 1,781,267 SH   SOLE None 1,781,267 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 67,912 945,723 SH   SOLE None 945,723 0 0
LYONDELLBASELL INDU SHS A N53745100 100,721 926,933 SH   SOLE None 926,933 0 0
MOBILEYE NV ORD SHS N51488117 2,680 50,000 SH   SOLE None 50,000 0 0
MCKESSON CORP COM 58155Q103 126,959 652,175 SH   SOLE None 652,175 0 0
METLIFE INC COM 59156R108 1,934 36,000 SH   SOLE None 36,000 0 0
AG MORTGAGE INVESTMENT TRUST COM 001228105 3,560 200,000 SH   SOLE None 200,000 0 0
MELCO CROWN ENTERTAINME ADR 585464100 69,179 2,631,362 SH   SOLE None 2,631,362 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 156,781 2,477,576 SH   SOLE None 2,477,576 0 0
NAVIENT CORP COM 63938C108 174,165 9,834,251 SH   SOLE None 9,834,251 0 0
NEWCASTLE INVESTMENT CORP COM NEW 65105M504 52,643 4,151,618 SH   SOLE None 4,151,618 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 63,506 3,818,754 SH   SOLE None 3,818,754 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 67,674 11,607,963 SH   SOLE None 11,607,963 0 0
NORDIC AMERICAN OFFSHORE LTD SHS Y6366T112 90,024 5,109,179 SH   SOLE None 5,109,179 0 0
ORION ENGINEERED CARBONS SA COM L72967109 11,183 634,700 SH   SOLE None 634,700 0 0
PARSLEY ENERGY INC CL A 701877102 1,067 50,000 SH   SOLE None 50,000 0 0
PENNYMAC FINANCIAL SERVICE-A CL A 70932B101 48,222 3,291,600 SH   SOLE None 3,291,600 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 61,328 2,861,801 SH   SOLE None 2,861,801 0 0
PROTHENA CORP PLC SHS G72800108 1,773 80,000 SH   SOLE None 80,000 0 0
PVH CORP COM 693656100 91,020 751,301 SH   SOLE None 751,301 0 0
QEP RESOURCES INC COM 74733V100 119,729 3,889,830 SH   SOLE None 3,889,830 0 0
QIWI PLC SPONSORED ADR REP B 74735M108 3,159 100,000 SH   SOLE None 100,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 31,970 1,000,000 SH   SOLE None 1,000,000 0 0
TRANSOCEAN PARTNERS LLC COM UNIT RP LT Y8977Y100 24,737 944,900 SH   SOLE None 944,900 0 0
REALOGY HOLDINGS CORP COM 75605Y106 55,735 1,498,262 SH   SOLE None 1,498,262 0 0
RESOURCE CAPITAL CORP COM 76120W302 3,896 800,000 SH   SOLE None 800,000 0 0
SPRINT CORP COM SER 1 85207U105 130,132 20,525,517 SH   SOLE None 20,525,517 0 0
SANDRIDGE ENERGY INC COM 80007P307 195,098 45,477,334 SH   SOLE None 45,477,334 0 0
SIRIUS XM HOLDINGS INC COM 82968B103 201,181 57,645,094 SH   SOLE None 57,645,094 0 0
SLM CORP COM 78442P106 87,558 10,228,796 SH   SOLE None 10,228,796 0 0
SUNEDISON INC COM 86732Y109 147,199 7,796,571 SH   SOLE None 7,796,571 0 0
SUPERVALU INC COM 868536103 25,359 2,836,558 SH   SOLE None 2,836,558 0 0
THL CREDIT INC COM 872438106 12,964 1,004,953 SH   SOLE None 1,004,953 0 0
TERRAFORM POWER INC CL A COM 88104R100 17,316 600,000 SH   SOLE None 600,000 0 0
TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 871 20,000 SH   SOLE None 20,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 105,149 864,000 SH   SOLE None 864,000 0 0
TIME WARNER CABLE COM 88732J207 75,648 527,200 SH   SOLE None 527,200 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 967 100,000 SH   SOLE None 100,000 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 122,911 2,626,874 SH   SOLE None 2,626,874 0 0
UNITEDHEALTH GROUP INC COM 91324P102 983 11,400 SH   SOLE None 11,400 0 0
WPX ENERGY INC COM 98212B103 86,574 3,598,261 SH   SOLE None 3,598,261 0 0
WEYERHAEUSER CO COM 962166104 4,444 139,500 SH   SOLE None 139,500 0 0
XL GROUP PLC SHS G98290102 78,331 2,361,492 SH   SOLE None 2,361,492 0 0