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

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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 MORTGAGE INVESTMENT TRUST COM 001228105 5,071 269,590 SH   SOLE None 269,590 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 117,483 1,245,846 SH   SOLE None 1,245,846 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 259,890 5,814,100 SH   SOLE None 5,814,100 0 0
APOLLO INVESTMENT CORP COM 03761U106 1,161 150,000 SH   SOLE None 150,000 0 0
APPLE INC COM 037833100 12,292 31,000 SH   SOLE None 31,000 0 0
ASCENA RETAIL GROUP INC COM 04351G101 32,710 1,874,500 SH   SOLE None 1,874,500 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 194,665 3,973,567 SH   SOLE None 3,973,567 0 0
ATLAS PIPELINE PARTNERS LP UNIT LP INT 049392103 164,556 4,308,869 SH   SOLE None 4,308,869 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD 04941A101 66,603 3,041,235 SH   SOLE None 3,041,235 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD 04941A101 24,994 1,141,300 SH   SOLE None 1,141,300 0 0
ATMEL CORP COM 049513104 61,502 8,378,995 SH   SOLE None 8,378,995 0 0
BOSTON SCIENTIFIC CORP COM 101137107 152,604 16,462,100 SH   SOLE None 16,462,100 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 15,597 1,138,447 SH   SOLE None 1,138,447 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 107,838 1,716,900 SH   SOLE None 1,716,900 0 0
CENTER BANCORP INC COM 151408101 6,916 545,000 SH   SOLE None 545,000 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 170,650 56,883,391 SH   SOLE None 56,883,391 0 0
CITIGROUP INC COM NEW 172967424 125,691 2,620,200 SH   SOLE None 2,620,200 0 0
CROCS INC COM 227046109 33,265 2,016,089 SH   SOLE None 2,016,089 0 0
CROSSTEX ENERGY LP COM 22765U102 476 23,100 SH   SOLE None 23,100 0 0
DENBURY RESOURCES INC COM NEW 247916208 61,836 3,570,227 SH   SOLE None 3,570,227 0 0
DISH NETWORK CORP CL A 25470M109 153,964 3,620,970 SH   SOLE None 3,620,970 0 0
E*TRADE FINANCIAL CORP COM NEW 269246401 100,658 7,950,880 SH   SOLE None 7,950,880 0 0
EASTMAN CHEMICAL CO COM 277432100 129,307 1,846,981 SH   SOLE None 1,846,981 0 0
ELECTRONIC ARTS INC COM 285512109 17,243 750,000 SH   SOLE None 750,000 0 0
ENERGY XXI BERMUDA USD UNRS SHS G10082140 22,825 1,029,315 SH   SOLE None 1,029,315 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 168,941 2,736,327 SH   SOLE None 2,736,327 0 0
GMX RESOURCES INC COM NEW 38011M603 36 212,971 SH   SOLE None 212,971 0 0
GOOGLE INC CL A 38259P508 4,270 4,850 SH   SOLE None 4,850 0 0
HALLIBURTON CO COM 406216101 149,454 3,582,300 SH   SOLE None 3,582,300 0 0
HARBINGER GROUP INC COM 41146A106 37,700 5,000,000 SH   SOLE None 5,000,000 0 0
JPMORGAN CHASE & CO COM 46625H100 2,265 42,900 SH   SOLE None 42,900 0 0
KINDER MORGAN INC COM 49456B101 192,191 5,037,759 SH   SOLE None 5,037,759 0 0
KKR & CO LP COM UNITS 48248M102 60,821 3,093,665 SH   SOLE None 3,093,665 0 0
KKR FINANCIAL HOLDINGS LLC COM 48248A306 155,741 14,762,185 SH   SOLE None 14,762,185 0 0
LAS VEGAS SANDS CORP COM 517834107 14,402 272,100 SH   SOLE None 272,100 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 207,894 6,265,645 SH   SOLE None 6,265,645 0 0
LINNCO COMSHS LTD INT 535782106 17,481 472,453 SH   SOLE None 472,453 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 45,271 754,766 SH   SOLE None 754,766 0 0
LYONDELLBASELL INDUSTRIES SHS - A N53745100 124,445 1,878,133 SH   SOLE None 1,878,133 0 0
MCKESSON CORP COM 58155Q103 76,965 672,182 SH   SOLE None 672,182 0 0
MERCK & CO. INC. COM 58933Y105 9,439 203,200 SH   SOLE None 203,200 0 0
METLIFE INC COM 59156R108 135,357 2,957,985 SH   SOLE None 2,957,985 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 191,017 3,308,800 SH   SOLE None 3,308,800 0 0
NEW CASTLE INVT CORP COM 65105M108 37,242 7,120,823 SH   SOLE None 7,120,823 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 38,536 5,717,478 SH   SOLE None 5,717,478 0 0
NYSE EURONEXT COM 629491101 170,725 4,123,799 SH   SOLE None 4,123,799 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 87,455 980,104 SH   SOLE None 980,104 0 0
OCWEN FINANCIAL CORP COM NEW 675746309 12,049 292,300 SH   SOLE None 292,300 0 0
ORACLE CORP COM 68389X105 24,568 800,000 SH   SOLE None 800,000 0 0
ORIENT EXPRESS HOTELS LTD CL A G67743107 9,695 797,312 SH   SOLE None 797,312 0 0
PENNYMAC FINANCIAL SERVICE CL A 70932B101 58,697 2,759,600 SH   SOLE None 2,759,600 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 4,398 208,953 SH   SOLE None 208,953 0 0
POLYCOM INC COM 73172K104 80,476 7,642,520 SH   SOLE None 7,642,520 0 0
PVH CORP COM 693656100 90,441 723,235 SH   SOLE None 723,235 0 0
QUALCOMM INC COM 747525103 229,106 3,750,300 SH   SOLE None 3,750,300 0 0
RESOURCE AMERICA INC CL A 761195205 10,130 1,191,733 SH   SOLE None 1,191,733 0 0
RESOURCE CAPITAL CORP COM 76120W302 6,150 1,000,000 SH   SOLE None 1,000,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 139,271 29,258,509 SH   SOLE None 29,258,509 0 0
SILVER BAY REALTY TRUST CORP COM 82735Q102 81 4,882 SH   SOLE None 4,882 0 0
SIRIUS XM RADIO INC COM 82967N108 240,842 71,893,003 SH   SOLE None 71,893,003 0 0
SLM CORP COM 78442P106 300,136 13,129,328 SH   SOLE None 13,129,328 0 0
SPRINT CORP COM SER 1 852061100 667,687 95,112,117 SH   SOLE None 95,112,117 0 0
SUPERVALU INC COM 868536103 46,465 7,470,209 SH   SOLE None 7,470,209 0 0
TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 874 20,000 SH   SOLE None 20,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 41,356 488,670 SH   SOLE None 488,670 0 0
THL CREDIT INC COM 872438106 22,502 1,481,384 SH   SOLE None 1,481,384 0 0
TRANSOCEAN LTD REG SHS H8817H100 166,945 3,481,645 SH   SOLE None 3,481,645 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 1,025 100,000 SH   SOLE None 100,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 80,209 1,224,933 SH   SOLE None 1,224,933 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 35,831 991,996 SH   SOLE None 991,996 0 0
WELLS FARGO & CO COM 949746101 68,298 1,654,900 SH   SOLE None 1,654,900 0 0
WILLIAMS COS INC COM 969457100 69,156 2,129,838 SH   SOLE None 2,129,838 0 0
WISDOMTREE TRUST JAPAN HEDGE EQT 97717W851 1,596 35,000 SH   SOLE None 35,000 0 0
WPX ENERGY INC COM 98212B103 40,030 2,113,524 SH   SOLE None 2,113,524 0 0
XL GROUP PLC SHS G98290102 110,487 3,644,037 SH   SOLE None 3,644,037 0 0