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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AG MORTGAGE INVESTMENT TRUSTCOM0012281053,128200,000SH SOLENONE200,00000
ALTISOURCE PORTFOLIO SOLREG SHSL0175J104146,743925,063SH SOLENONE925,06300
AMERICAN INTERNATIONAL GROUPCOM NEW026874784298,4435,846,100SH SOLENONE5,846,10000
APOLLO INVESTMENT CORPCOM03761U1061,271150,000SH SOLENONE150,00000
ASSURED GUARANTY LTDCOMG0585R10645,0811,911,013SH SOLENONE1,911,01300
ATLAS ENERGY LPCOM UNITS LP04930A104157,9763,371,947SH SOLENONE3,371,94700
ATLAS PIPELINE PARTNERS LPUNIT LP INT049392103116,6393,327,802SH SOLENONE3,327,80200
ATLAS RESOURCE PARTNERS LPCOM UNT LTD PR04941A10187,0604,250,994SH SOLENONE4,250,99400
ATLAS RESOURCE PARTNERS LPCOM UNT LTD PR04941A10119,849969,200SH SOLENONE969,20000
BOSTON SCIENTIFIC CORPCOM101137107102,5688,533,099SH SOLENONE8,533,09900
CAESARS ACQUISITION COCL A12768T10339,6233,285,473SH SOLENONE3,285,47300
CAESARS ENTERTAINMENT CORPCOM127686103113,8405,285,071SH SOLENONE5,285,07100
CAMERON INTERNATIONAL CORPCOM13342B10584,8301,425,000SH SOLENONE1,425,00000
CAPITAL ONE FINANCIAL CORPCOM14040H105123,2541,608,855SH SOLENONE1,608,85500
CENTER BANCORP INCCOM15140810110,224545,000SH SOLENONE545,00000
CHIMERA INVESTMENT CORPCOM16934Q109192,58962,125,420SH SOLENONE62,125,42000
CITIGROUP INCCOM NEW172967424204,4953,924,300SH SOLENONE3,924,30000
COBALT INTERNATIONAL ENERGYCOM19075F10613,209803,000SH SOLENONE803,00000
COMCAST CORPCL A SPL20030N20059,5221,193,300SH SOLENONE1,193,30000
CROSSTEX ENERGY LPCOM22765U10263823,100SH SOLENONE23,10000
DENBURY RESOURCES INCCOM NEW24791620877,5124,717,727SH SOLENONE4,717,72700
DISH NETWORK CORPCL A25470M109227,3403,925,070SH SOLENONE3,925,07000
E*TRADE FINANCIAL CORPCOM NEW269246401134,1816,832,027SH SOLENONE6,832,02700
EASTMAN CHEMICAL COCOM277432100167,1122,070,781SH SOLENONE2,070,78100
EBAY INCCOM27864210346,920854,800SH SOLENONE854,80000
ELLINGTON FINANCIAL LLCCOM2885223038,445372,530SH SOLENONE372,53000
ENERGY XXI BERMUDAUSD UNRS SHSG1008214046,5661,720,860SH SOLENONE1,720,86000
EXPRESS SCRIPTS HOLDING COCOM30219G10812,159173,100SH SOLENONE173,10000
FREEPORT-MCMORAN COPPERCOM35671D857109,4762,900,800SH SOLENONE2,900,80000
GAMING AND LEISURE PROPERTIECOM36467J108112,8792,221,587SH SOLENONE2,221,58700
GANNETT COCOM3647301016,219210,231SH SOLENONE210,23100
GENERAL MOTORS COCOM37045V10042,7661,046,400SH SOLENONE1,046,40000
HALLIBURTON COCOM406216101179,7773,542,400SH SOLENONE3,542,40000
HARBINGER GROUP INCCOM41146A10659,2505,000,000SH SOLENONE5,000,00000
HARBINGER GROUP INCCOM41146A10617,7751,500,000SH SOLENONE1,500,00000
HCA HOLDINGS INCCOM40412C101120,8022,532,000SH SOLENONE2,532,00000
INTERCONTINENTALEXCHANGE GROCOM45866F10496,214427,770SH SOLENONE427,77000
ISHARES MSCI MEXICO CAPPEDMSCI MEX CAP ETF4642868225,10075,000SH SOLENONE75,00000
JPMORGAN CHASE & COCOM46625H1004,05969,400SH SOLENONE69,40000
KAR AUCTION SERVICES INCCOM48238T10934,6411,172,300SH SOLENONE1,172,30000
KINDER MORGAN INCCOM49456B101130,3833,621,759SH SOLENONE3,621,75900
KKR & CO LPCOM UNITS48248M10239,9311,640,540SH SOLENONE1,640,54000
KKR FINANCIAL HOLDINGS LLCCOM48248A306183,55815,058,073SH SOLENONE15,058,07300
LENNAR CORPCL A52605710416,813425,000SH SOLENONE425,00000
LIN MEDIA LLCCL A COM53277110217,226600,000SH SOLENONE600,00000
LINN ENERGY LLCUNIT LTD LIAB53602010078,5892,552,419SH SOLENONE2,552,41900
LORAL SPACE & COMMUNICATIONSCOM54388110661,121754,766SH SOLENONE754,76600
LYONDELLBASELL INDUSHS - A -N53745100152,2941,897,033SH SOLENONE1,897,03300
MCKESSON CORPCOM58155Q103111,928693,482SH SOLENONE693,48200
METLIFE INCCOM59156R1087,166132,900SH SOLENONE132,90000
MOTOROLA SOLUTIONS INCCOM NEW620076307222,9733,303,301SH SOLENONE3,303,30100
NEW RESIDENTIAL INVESTMENTCOM64828T10251,8107,755,999SH SOLENONE7,755,99900
NEWCASTLE INVESTMENT CORPCOM65105M10868,70611,969,619SH SOLENONE11,969,61900
PENNYMAC FINANCIAL SERVICECL A70932B10148,4312,759,600SH SOLENONE2,759,60000
PENNYMAC MORTGAGE INVESTMENTCOM70931T10357,5082,504,701SH SOLENONE2,504,70100
PVH CORPCOM69365610064,882477,000SH SOLENONE477,00000
QUALCOMM INCCOM747525103194,5272,619,887SH SOLENONE2,619,88700
REALOGY HOLDINGS CORPCOM75605Y10692,3671,867,140SH SOLENONE1,867,14000
RESOURCE AMERICA INCCL A7611952054,377467,600SH SOLENONE467,60000
RESOURCE CAPITAL CORPCOM76120W3025,9301,000,000SH SOLENONE1,000,00000
SANDRIDGE ENERGY INCCOM80007P307246,03340,532,663SH SOLENONE40,532,66300
SILVER BAY REALTY TRUST CORPCOM82735Q102784,882SH SOLENONE4,88200
SIRIUS XM HOLDINGS INCCOM82968B103273,94178,493,003SH SOLENONE78,493,00300
SLM CORPCOM78442P106278,59410,600,994SH SOLENONE10,600,99400
SPRINT CORPCOM SER 185207U105436,00840,558,858SH SOLENONE40,558,85800
SUNEDISON INCCOM86732Y109105,7468,103,148SH SOLENONE8,103,14800
SUPERVALU INCCOM86853610326,7063,663,319SH SOLENONE3,663,31900
TEEKAY LNG PARTNERS LPPRTNRSP UNITSY8564M10585420,000SH SOLENONE20,00000
THERMO FISHER SCIENTIFIC INCCOM88355610291,864825,000SH SOLENONE825,00000
THL CREDIT INCCOM87243810615,388933,170SH SOLENONE933,17000
T-MOBILE US INCCOM872590104102,2703,040,145SH SOLENONE3,040,14500
TRANSOCEAN LTDREG SHSH8817H100142,4552,882,545SH SOLENONE2,882,54500
TWO HARBORS INVESTMENT CORPCOM90187B101928100,000SH SOLENONE100,00000
UNITED CONTINENTAL HOLDINGSCOM91004710944,5521,177,700SH SOLENONE1,177,70000
UNITEDHEALTH GROUP INCCOM91324P102101,8081,352,033SH SOLENONE1,352,03300
WEYERHAEUSER COCOM96216610475,6482,396,203SH SOLENONE2,396,20300
WILLIAMS COS INCCOM96945710021,214550,000SH SOLENONE550,00000
WPX ENERGY INCCOM98212B10345,4162,228,482SH SOLENONE2,228,48200
XL GROUP PLCSHSG98290102102,2023,209,872SH SOLENONE3,209,87200