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
COMMUNITY HEALTH SYS INC NEW COM 203668108 3,869 503,782 SH   SOLE   503,782 0 0
GAP INC DEL COM 364760108 260 8,789 SH   SOLE   8,789 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 269 8,100 SH   SOLE   8,100 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 4,787 218,665 SH   SOLE   218,665 0 0
HUNTSMAN CORP COM 447011107 3,810 138,958 SH   SOLE   138,958 0 0
KOHLS CORP COM 500255104 259 5,684 SH   SOLE   5,684 0 0
OASIS PETE INC NEW COM 674215108 187 20,559 SH   SOLE   20,559 0 0
PENNEY J C INC COM 708160106 588 154,288 SH   SOLE   154,288 0 0
PRICELINE GRP INC COM NEW 741503403 6,774 3,700 SH   SOLE   3,700 0 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 15,884 150,678 SH   SOLE   150,678 0 0
SOUTHWESTERN ENERGY CO COM 845467109 262 42,800 SH   SOLE   42,800 0 0
TIME WARNER INC COM NEW 887317303 24,631 240,420 SH   SOLE   240,420 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 48,896 5,639,667 SH   SOLE   5,639,667 0 0
AES CORP COM 00130H105 298 27,019 SH   SOLE   27,019 0 0
AT&T INC PUT 00206R952 10,576 270,000 SH Put SOLE   270,000 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.750% 7/0 01741RAG7 60,593 33,111,000 PRN   SOLE   33,111,000 0 0
ALTABA INC COM 021346101 373,451 5,637,847 SH   SOLE   5,637,847 0 0
AMBAC FINL GROUP INC COM NEW 023139884 1,605 92,969 SH   SOLE   92,969 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 501 28,523 SH   SOLE   28,523 0 0
AMKOR TECHNOLOGY INC COM 031652100 527 49,906 SH   SOLE   49,906 0 0
ARBOR RLTY TR INC NOTE 6.500%10/0 038923AA6 7,477 7,000,000 PRN   SOLE   7,000,000 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 24,405 1,264,508 SH   SOLE   1,264,508 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 630 33,600 SH   SOLE   33,600 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.599% 8/0 09061GAH4 5,066 5,000,000 PRN   SOLE   5,000,000 0 0
BLACKSTONE MTG TR INC NOTE 5.250%12/0 09257WAA8 16,329 14,300,000 PRN   SOLE   14,300,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 76,556 2,320,588 SH   SOLE   2,320,588 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 78,400 2,615,941 SH   SOLE   2,615,941 0 0
CAESARS ACQUISITION CO CL A 12768T103 9,886 460,909 SH   SOLE   460,909 0 0
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 5,800 5,000,000 PRN   SOLE   5,000,000 0 0
CLEVELAND CLIFFS INC COM 185899101 3,204 448,100 SH   SOLE   448,100 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 500 2,000,000 PRN   SOLE   2,000,000 0 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 7,723 9,653,923 PRN   SOLE   9,653,923 0 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 4,074 5,156,479 PRN   SOLE   5,156,479 0 0
CORENERGY INFRASTRUCTURE TR NOTE 7.000% 6/1 21870UAA4 17,900 15,448,000 PRN   SOLE   15,448,000 0 0
COWEN INC NOTE 3.000% 223622AB7 5,811 5,538,000 PRN   SOLE   5,538,000 0 0
CTRIP COM INTL LTD NOTE 1.250%10/1 22943FAD2 34,516 25,000,000 PRN   SOLE   25,000,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 51,047 661,140 SH   SOLE   661,140 0 0
DEVON ENERGY CORP NEW COM 25179M103 251 6,840 SH   SOLE   6,840 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 8,391 7,500,000 PRN   SOLE   7,500,000 0 0
DYNEGY INC NEW DEL COM 26817R108 4,017 410,267 SH   SOLE   410,267 0 0
ENCORE CAP GROUP INC NOTE 3.000% 7/0 292554AF9 19,444 17,000,000 PRN   SOLE   17,000,000 0 0
FORD MTR CO DEL PUT 345370950 8,618 720,000 SH Put SOLE   720,000 0 0
GNC HLDGS INC PUT 36191G957 4,420 500,000 SH Put SOLE   500,000 0 0
GSV CAP CORP NOTE 5.250% 9/1 36191JAB7 8,276 8,245,000 PRN   SOLE   8,245,000 0 0
GENERAL MTRS CO PUT 37045V950 19,382 480,000 SH Put SOLE   480,000 0 0
GOGO INC COM 38046C109 11,234 951,262 SH   SOLE   951,262 0 0
GOGO INC NOTE 3.750% 3/0 38046CAB5 6,881 7,525,000 PRN   SOLE   7,525,000 0 0
HARMONIC INC NOTE 4.000%12/0 413160AB8 8,843 9,950,000 PRN   SOLE   9,950,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 404 18,053 SH   SOLE   18,053 0 0
IAC INTERACTIVECORP COM 44919P508 870 7,400 SH   SOLE   7,400 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 751 43,833 SH   SOLE   43,833 0 0
KEY ENERGY SVCS INC DEL COM 49309J103 9,781 742,706 SH   SOLE   742,706 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 9,073 12,779,000 PRN   SOLE   12,779,000 0 0
MTGE INVT CORP COM 55378A105 7,723 398,072 SH   SOLE   398,072 0 0
MACYS INC COM 55616P104 337 15,446 SH   SOLE   15,446 0 0
MICROCHIP TECHNOLOGY INC NOTE 1.625% 2/1 595017AD6 17,668 10,125,000 PRN   SOLE   10,125,000 0 0
NETFLIX INC PUT 64110L956 9,068 50,000 SH Put SOLE   50,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 13,864 828,668 SH   SOLE   828,668 0 0
NEW RESIDENTIAL INVT CORP CALL 64828T901 16,730 1,000,000 SH Call SOLE   1,000,000 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 17,743 17,810,000 PRN   SOLE   17,810,000 0 0
NOVAVAX INC NOTE 3.750% 2/0 670002AB0 16,553 35,549,000 PRN   SOLE   35,549,000 0 0
PDL BIOPHARMA INC NOTE 2.750%12/0 69329YAG9 24,177 22,309,000 PRN   SOLE   22,309,000 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 110,938 5,333,567 SH   SOLE   5,333,567 0 0
POWERSHARES QQQ TRUST PUT 73935A954 43,635 300,000 SH Put SOLE   300,000 0 0
RAIT FINANCIAL TRUST NOTE 4.000%10/0 749227AB0 1,840 2,000,000 PRN   SOLE   2,000,000 0 0
RH PUT 74967X953 31,468 447,500 SH Put SOLE   447,500 0 0
RENEWABLE ENERGY GROUP INC NOTE 4.000% 6/1 75972AAC7 40,460 30,900,000 PRN   SOLE   30,900,000 0 0
SPDR S&P 500 ETF TR CALL 78462F903 489,899 1,950,000 SH Call SOLE   1,950,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953 1,117,974 4,450,000 SH Put SOLE   4,450,000 0 0
SPDR SERIES TRUST PUT 78464A958 19,910 500,000 SH Put SOLE   500,000 0 0
SAEXPLORATION HLDGS INC COM NEW 78636X204 6,549 2,609,039 SH   SOLE   2,609,039 0 0
SAFEGUARD SCIENTIFICS INC DBCV 5.250% 5/1 786449AK4 5,565 5,416,000 PRN   SOLE   5,416,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 2,585 7,181,707 SH   SOLE   7,181,707 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 13,904 14,000,000 PRN   SOLE   14,000,000 0 0
TEGNA INC COM 87901J105 261 19,600 SH   SOLE   19,600 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 5,908 359,582 SH   SOLE   359,582 0 0
TESLA INC PUT 88160R951 10,233 30,000 SH Put SOLE   30,000 0 0
TESLA INC NOTE 0.250% 3/0 88160RAB7 34,042 31,000,000 PRN   SOLE   31,000,000 0 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 42,798 38,000,000 PRN   SOLE   38,000,000 0 0
TESLA INC NOTE 2.375% 3/1 88160RAD3 84,741 69,000,000 PRN   SOLE   69,000,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 5,685 6,000,000 PRN   SOLE   6,000,000 0 0
UNISYS CORP NOTE 5.500% 3/0 909214BS6 5,784 5,000,000 PRN   SOLE   5,000,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 952 66,414 SH   SOLE   66,414 0 0
VANECK VECTORS ETF TR CALL 92189F906 22,960 1,000,000 SH Call SOLE   1,000,000 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 485 25,036 SH   SOLE   25,036 0 0
WESTERN ASSET MTG CAP CORP NOTE 6.750%10/0 95790DAA3 8,505 8,500,000 PRN   SOLE   8,500,000 0 0
YAHOO INC NOTE 12/0 984332AF3 37,099 28,593,000 PRN   SOLE   28,593,000 0 0
ENSCO PLC SHS CLASS A G3157S106 25,084 4,201,705 SH   SOLE   4,201,705 0 0
NABORS INDUSTRIES LTD SHS G6359F103 385 47,699 SH   SOLE   47,699 0 0
SINA CORP ORD G81477104 57,520 501,702 SH   SOLE   501,702 0 0
TRANSOCEAN LTD PUT H8817H950 2,152 200,000 SH Put SOLE   200,000 0 0
CONSTELLIUM NV CL A N22035104 1,369 133,552 SH   SOLE   133,552 0 0
NXP SEMICONDUCTORS N V COM N6596X109 33,927 300,000 SH   SOLE   300,000 0 0