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 117,528 1,264,690 SH   SOLE NONE 1,264,690 0 0
ABENGOA YIELD PLC ORD SHS G00349103 15,128 400,000 SH   SOLE NONE 400,000 0 0
ACTAVIS PLC SHS G0083B108 138,273 619,919 SH   SOLE NONE 619,919 0 0
ASSURED GUARANTY LTD COM G0585R106 47,354 1,932,813 SH   SOLE NONE 1,932,813 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 297,084 5,443,100 SH   SOLE NONE 5,443,100 0 0
APOLLO INVESTMENT CORP COM 03761U106 1,292 150,000 SH   SOLE NONE 150,000 0 0
ARISTA NETWORKS INC COM 040413106 3,120 50,000 SH   SOLE NONE 50,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 60,641 553,949 SH   SOLE NONE 553,949 0 0
ATLAS PIPELINE PARTNERS LP UNIT LP INT 049392103 116,249 3,379,330 SH   SOLE NONE 3,379,330 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 90,317 4,453,494 SH   SOLE NONE 4,453,494 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 19,655 969,200 SH   SOLE NONE 969,200 0 0
ASPEN AEROGELS INC COM 04523Y105 1,105 100,000 SH   SOLE NONE 100,000 0 0
ALTISOURCE PORTFOLIO SOL REG SHS L0175J104 141,224 1,232,539 SH   SOLE NONE 1,232,539 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 183,983 4,099,440 SH   SOLE NONE 4,099,440 0 0
BOSTON SCIENTIFIC CORP COM 101137107 83,637 6,549,479 SH   SOLE NONE 6,549,479 0 0
CITIGROUP INC COM 172967424 250,777 5,324,350 SH   SOLE NONE 5,324,350 0 0
CAESARS ACQUISITION CO CL A 12768T103 3,745 302,780 SH   SOLE NONE 302,780 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 35,754 528,047 SH   SOLE NONE 528,047 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 209,351 65,627,288 SH   SOLE NONE 65,627,288 0 0
COMCAST CORP CL A SPL 20030N200 116,327 2,181,272 SH   SOLE NONE 2,181,272 0 0
CONNECTONE BANCORP INC COM 20786U101 10,480 545,000 SH   SOLE NONE 545,000 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 41,111 497,714 SH   SOLE NONE 497,714 0 0
CABOT OIL & GAS CORP COM 127097103 18,021 527,866 SH   SOLE NONE 527,866 0 0
CHENIERE ENERGY PARTNERS LP COM UNIT 16411Q101 991 30,000 SH   SOLE NONE 30,000 0 0
CAESARS ENTERTAINMENT CORP COM 127686103 126,398 6,991,033 SH   SOLE NONE 6,991,033 0 0
DISH NETWORK CORP CL A 25470M109 207,161 3,183,179 SH   SOLE NONE 3,183,179 0 0
DENBURY RESOURCES INC COM 247916208 111,406 6,035,007 SH   SOLE NONE 6,035,007 0 0
EBAY INC COM 278642103 159,641 3,189,000 SH   SOLE NONE 3,189,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 10,728 447,000 SH   SOLE NONE 447,000 0 0
EASTMAN CHEMICAL CO COM 277432100 140,739 1,611,208 SH   SOLE NONE 1,611,208 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 726 23,100 SH   SOLE NONE 23,100 0 0
E*TRADE FINANCIAL CORP COM 269246401 147,202 6,923,894 SH   SOLE NONE 6,923,894 0 0
FREEPORT-MCMORAN INC COM 35671D857 88,352 2,420,600 SH   SOLE NONE 2,420,600 0 0
GAMING AND LEISURE PROPERTIE COM 36467J108 158,485 4,665,450 SH   SOLE NONE 4,665,450 0 0
GULF COAST ULTRA DEEP ROYALT ROYALTY TR UNT 40222T104 49,474 16,885,215 SH   SOLE NONE 16,885,215 0 0
HALLIBURTON CO COM 406216101 157,237 2,214,300 SH   SOLE NONE 2,214,300 0 0
HCA HOLDINGS INC COM 40412C101 143,470 2,544,700 SH   SOLE NONE 2,544,700 0 0
HARBINGER GROUP INC COM 41146A106 65,053 5,122,247 SH   SOLE NONE 5,122,247 0 0
HARBINGER GROUP INC COM 41146A106 88,900 7,000,000 SH   SOLE NONE 7,000,000 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 100,602 532,570 SH   SOLE NONE 532,570 0 0
JPMORGAN CHASE & CO COM 46625H100 107,870 1,872,100 SH   SOLE NONE 1,872,100 0 0
KAR AUCTION SERVICES INC COM 48238T109 59,204 1,857,676 SH   SOLE NONE 1,857,676 0 0
KKR & CO LP COM UNITS 48248M102 123,601 5,080,173 SH   SOLE NONE 5,080,173 0 0
KINDER MORGAN INC COM 49456B101 119,457 3,294,459 SH   SOLE NONE 3,294,459 0 0
LIN MEDIA LLC CL A COM 532771102 10,284 377,408 SH   SOLE NONE 377,408 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 57,928 1,790,667 SH   SOLE NONE 1,790,667 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 61,611 847,580 SH   SOLE NONE 847,580 0 0
LYONDELLBASELL INDU SHS - A - N53745100 99,675 1,020,733 SH   SOLE NONE 1,020,733 0 0
MCKESSON CORP COM 58155Q103 124,719 669,775 SH   SOLE NONE 669,775 0 0
METLIFE INC COM 59156R108 1,633 29,400 SH   SOLE NONE 29,400 0 0
AG MORTGAGE INVESTMENT TRUST COM 001228105 3,786 200,000 SH   SOLE NONE 200,000 0 0
MOBILEIRON INC COM 60739U204 952 100,000 SH   SOLE NONE 100,000 0 0
MOTOROLA SOLUTIONS INC COM 620076307 195,648 2,938,976 SH   SOLE NONE 2,938,976 0 0
NAVIENT CORP COM 63938C108 179,504 10,135,751 SH   SOLE NONE 10,135,751 0 0
NEWCASTLE INVESTMENT CORP COM 65105M108 55,533 11,593,579 SH   SOLE NONE 11,593,579 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 53,883 3,818,754 SH   SOLE NONE 3,818,754 0 0
NATIONAL OILWELL VARCO INC COM 637071101 18,858 229,000 SH   SOLE NONE 229,000 0 0
NEW RESIDENTIAL INVESTMENT COM 64828T102 70,845 11,245,171 SH   SOLE NONE 11,245,171 0 0
OCWEN FINANCIAL CORP COM 675746309 95,867 2,584,007 SH   SOLE NONE 2,584,007 0 0
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 1,376 50,000 SH   SOLE NONE 50,000 0 0
PENNYMAC FINANCIAL SERVICE CL A 70932B101 49,999 3,291,600 SH   SOLE NONE 3,291,600 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 62,709 2,858,201 SH   SOLE NONE 2,858,201 0 0
PROTHENA CORP PLC SHS G72800108 2,255 100,000 SH   SOLE NONE 100,000 0 0
PVH CORP COM 693656100 88,896 762,401 SH   SOLE NONE 762,401 0 0
QUALCOMM INC COM 747525103 100,674 1,271,135 SH   SOLE NONE 1,271,135 0 0
QEP RESOURCES INC COM 74733V100 49,353 1,430,528 SH   SOLE NONE 1,430,528 0 0
QIWI PLC SPON ADR REP B 74735M108 2,823 70,000 SH   SOLE NONE 70,000 0 0
RESOURCE AMERICA INC CL A 761195205 3,630 388,240 SH   SOLE NONE 388,240 0 0
TRANSOCEAN LTD REG SHS H8817H100 92,296 2,049,645 SH   SOLE NONE 2,049,645 0 0
REALOGY HOLDINGS CORP COM 75605Y106 58,155 1,542,151 SH   SOLE NONE 1,542,151 0 0
RANGE RESOURCES CORP COM 75281A109 4,741 54,522 SH   SOLE NONE 54,522 0 0
RESOURCE CAPITAL CORP COM 76120W302 5,630 1,000,000 SH   SOLE NONE 1,000,000 0 0
SPRINT CORP COM SER 1 85207U105 339,349 39,782,957 SH   SOLE NONE 39,782,957 0 0
SANDRIDGE ENERGY INC COM 80007P307 334,532 46,787,740 SH   SOLE NONE 46,787,740 0 0
SEAWORLD ENTERTAINMENT INC COM 81282V100 30,806 1,087,400 SH   SOLE NONE 1,087,400 0 0
SUNEDISON SEMICONDUCTOR LTD SHS Y8213L102 3,413 201,600 SH   SOLE NONE 201,600 0 0
SIRIUS XM HOLDINGS INC COM 82968B103 283,772 82,015,028 SH   SOLE NONE 82,015,028 0 0
SLM CORP COM 78442P106 85,312 10,266,196 SH   SOLE NONE 10,266,196 0 0
SUNEDISON INC COM 86732Y109 166,109 7,349,948 SH   SOLE NONE 7,349,948 0 0
SUPERVALU INC COM 868536103 64,138 7,802,645 SH   SOLE NONE 7,802,645 0 0
THL CREDIT INC COM 872438106 14,069 1,004,953 SH   SOLE NONE 1,004,953 0 0
TEEKAY LNG PARTNERS LP PRTNRSP UNITS Y8564M105 923 20,000 SH   SOLE NONE 20,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 106,058 898,800 SH   SOLE NONE 898,800 0 0
TIME WARNER CABLE COM 88732J207 79,601 540,400 SH   SOLE NONE 540,400 0 0
TWO HARBORS INVESTMENT CORP COM 90187B101 1,048 100,000 SH   SOLE NONE 100,000 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 71,576 1,742,774 SH   SOLE NONE 1,742,774 0 0
UNITEDHEALTH GROUP INC COM 91324P102 53,358 652,699 SH   SOLE NONE 652,699 0 0
WPX ENERGY INC COM 98212B103 89,191 3,730,263 SH   SOLE NONE 3,730,263 0 0
WEYERHAEUSER CO COM 962166104 52,036 1,572,545 SH   SOLE NONE 1,572,545 0 0
XL GROUP PLC SHS G98290102 78,552 2,399,992 SH   SOLE NONE 2,399,992 0 0