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
AES CORP COM 00130H105 406 37,506 SH   SOLE   37,506 0 0
AETNA INC NEW COM 00817Y108 15,051 83,435 SH   SOLE   83,435 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.750% 7/0 01741RAG7 54,503 29,461,000 PRN   SOLE   29,461,000 0 0
ALTABA INC COM 021346101 481,791 6,897,507 SH   SOLE   6,897,507 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 415 27,472 SH   SOLE   27,472 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,300 76,314 SH   SOLE   76,314 0 0
AMKOR TECHNOLOGY INC COM 031652100 338 33,654 SH   SOLE   33,654 0 0
ARBOR RLTY TR INC NOTE 6.500%10/0 038923AA6 17,000 15,750,000 PRN   SOLE   15,750,000 0 0
AT&T INC CALL 00206R902 35,770 920,000 SH Call SOLE   920,000 0 0
AT&T INC PUT 00206R952 10,498 270,000 SH Put SOLE   270,000 0 0
BANK AMER CORP CALL 060505904 3,690 125,000 SH Call SOLE   125,000 0 0
BARRICK GOLD CORP COM 067901108 153 10,601 SH   SOLE   10,601 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 29,678 1,264,508 SH   SOLE   1,264,508 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 1,404 73,107 SH   SOLE   73,107 0 0
BLACKSTONE MTG TR INC NOTE 5.250%12/0 09257WAA8 16,785 14,300,000 PRN   SOLE   14,300,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 47,613 1,725,717 SH   SOLE   1,725,717 0 0
BRISTOW GROUP INC NOTE 4.500% 6/0 110394AF0 3,309 3,000,000 PRN   SOLE   3,000,000 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 79,223 2,366,978 SH   SOLE   2,366,978 0 0
CAESARS ENTMT CORP NOTE 5.000%10/0 127686AA1 76,188 39,386,560 PRN   SOLE   39,386,560 0 0
CLEVELAND CLIFFS INC COM 185899101 3,108 431,100 SH   SOLE   431,100 0 0
CLEVELAND CLIFFS INC DBCV 1.500% 1/1 185899AA9 5,475 5,000,000 PRN   SOLE   5,000,000 0 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 6,202 6,778,005 PRN   SOLE   6,778,005 0 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 8,702 9,510,617 PRN   SOLE   9,510,617 0 0
CONSTELLIUM NV CL A N22035104 1,210 108,552 SH   SOLE   108,552 0 0
CORENERGY INFRASTRUCTURE TR NOTE 7.000% 6/1 21870UAA4 18,422 15,448,000 PRN   SOLE   15,448,000 0 0
CTRIP COM INTL LTD NOTE 1.250%10/1 22943FAD2 29,469 25,000,000 PRN   SOLE   25,000,000 0 0
CTRIP COM INTL LTD NOTE 1.000% 7/0 22943FAF7 10,011 9,500,000 PRN   SOLE   9,500,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 76,487 941,026 SH   SOLE   941,026 0 0
DONNELLEY R R & SONS CO COM 257867200 739 79,497 SH   SOLE   79,497 0 0
ENCORE CAP GROUP INC NOTE 3.000% 7/0 292554AF9 18,828 17,000,000 PRN   SOLE   17,000,000 0 0
EVERBRIDGE INC COM 29978A104 339 11,403 SH   SOLE   11,403 0 0
GENERAL MTRS CO PUT 37045V950 19,675 480,000 SH Put SOLE   480,000 0 0
GNC HLDGS INC PUT 36191G957 1,845 500,000 SH Put SOLE   500,000 0 0
GOGO INC COM 38046C109 4,624 409,916 SH   SOLE   409,916 0 0
GOGO INC NOTE 3.750% 3/0 38046CAB5 912 1,000,000 PRN   SOLE   1,000,000 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 2,720 118,665 SH   SOLE   118,665 0 0
GSV CAP CORP NOTE 5.250% 9/1 36191JAB7 8,276 8,245,000 PRN   SOLE   8,245,000 0 0
HARMONIC INC NOTE 4.000%12/0 413160AB8 9,975 9,950,000 PRN   SOLE   9,950,000 0 0
HERBALIFE LTD NOTE 2.000% 8/1 42703MAB9 30,150 30,000,000 PRN   SOLE   30,000,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 688 31,153 SH   SOLE   31,153 0 0
ISHARES TR PUT 464287955 38,115 250,000 SH Put SOLE   250,000 0 0
JONES ENERGY INC COM CL A 48019R108 567 515,700 SH   SOLE   515,700 0 0
KB HOME COM 48666K109 387 12,112 SH   SOLE   12,112 0 0
KEY ENERGY SVCS INC DEL COM 49309J103 8,757 742,706 SH   SOLE   742,706 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 4,885 7,029,000 PRN   SOLE   7,029,000 0 0
MCCLATCHY CO CL A NEW 579489303 348 38,953 SH   SOLE   38,953 0 0
MICROCHIP TECHNOLOGY INC NOTE 1.625% 2/1 595017AD6 22,345 13,125,000 PRN   SOLE   13,125,000 0 0
MTGE INVT CORP COM 55378A105 328 17,717 SH   SOLE   17,717 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 4,956 277,198 SH   SOLE   277,198 0 0
NEW YORK MTG TR INC NOTE 6.250% 1/1 649604AD7 14,423 14,158,000 PRN   SOLE   14,158,000 0 0
NOVAVAX INC NOTE 3.750% 2/0 670002AB0 15,450 33,049,000 PRN   SOLE   33,049,000 0 0
NRG ENERGY INC COM NEW 629377508 1,342 47,133 SH   SOLE   47,133 0 0
NXP SEMICONDUCTORS N V COM N6596X109 42,618 363,980 SH   SOLE   363,980 0 0
OLIN CORP COM PAR $1 680665205 423 11,887 SH   SOLE   11,887 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 79,245 4,110,213 SH   SOLE   4,110,213 0 0
PARKER DRILLING CO COM 701081101 580 580,025 SH   SOLE   580,025 0 0
PDL BIOPHARMA INC NOTE 2.750%12/0 69329YAG9 20,973 21,804,000 PRN   SOLE   21,804,000 0 0
POWERSHARES QQQ TRUST PUT 73935A954 109,032 700,000 SH Put SOLE   700,000 0 0
RENEWABLE ENERGY GROUP INC NOTE 4.000% 6/1 75972AAC7 40,074 31,400,000 PRN   SOLE   31,400,000 0 0
RH PUT 74967X953 8,405 97,500 SH Put SOLE   97,500 0 0
RYDER SYS INC COM 783549108 258 3,060 SH   SOLE   3,060 0 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 47,353 47,000,000 PRN   SOLE   47,000,000 0 0
SAEXPLORATION HLDGS INC COM NEW 78636X204 5,740 2,609,039 SH   SOLE   2,609,039 0 0
SAFEGUARD SCIENTIFICS INC DBCV 5.250% 5/1 786449AK4 5,616 5,516,000 PRN   SOLE   5,516,000 0 0
SANCHEZ ENERGY CORP COM 79970Y105 106 20,000 SH   SOLE   20,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 2,643 6,956,279 SH   SOLE   6,956,279 0 0
SINA CORP ORD G81477104 60,822 606,342 SH   SOLE   606,342 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 13,895 14,000,000 PRN   SOLE   14,000,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 239 42,800 SH   SOLE   42,800 0 0
SPDR S&P 500 ETF TR CALL 78462F903 138,767 520,000 SH Call SOLE   520,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953 1,254,242 4,700,000 SH Put SOLE   4,700,000 0 0
SPDR SERIES TRUST PUT 78464A958 22,130 500,000 SH Put SOLE   500,000 0 0
TEGNA INC COM 87901J105 455 32,292 SH   SOLE   32,292 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 7,118 469,529 SH   SOLE   469,529 0 0
TERRAFORM PWR INC COM CL A 88104R209 4,422 369,702 SH   SOLE   369,702 0 0
TESLA INC NOTE 0.250% 3/0 88160RAB7 32,724 31,000,000 PRN   SOLE   31,000,000 0 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 61,631 57,000,000 PRN   SOLE   57,000,000 0 0
TESLA INC NOTE 2.375% 3/1 88160RAD3 80,256 69,000,000 PRN   SOLE   69,000,000 0 0
TESLA INC PUT 88160R951 9,341 30,000 SH Put SOLE   30,000 0 0
TIME WARNER INC COM NEW 887317303 98,055 1,071,990 SH   SOLE   1,071,990 0 0
TRANSOCEAN LTD PUT H8817H950 2,136 200,000 SH Put SOLE   200,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 13,370 14,000,000 PRN   SOLE   14,000,000 0 0
TWO HBRS INVT CORP NOTE 6.250% 1/1 90187BAA9 52,886 49,922,000 PRN   SOLE   49,922,000 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 32,964 3,638,436 SH   SOLE   3,638,436 0 0
UNISYS CORP NOTE 5.500% 3/0 909214BS6 5,666 5,000,000 PRN   SOLE   5,000,000 0 0
UNITED RENTALS INC COM 911363109 289 1,680 SH   SOLE   1,680 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 11,123 426,985 SH   SOLE   426,985 0 0
VEDANTA LTD SPONSORED ADR 92242Y100 522 25,036 SH   SOLE   25,036 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 2,445 586,421 SH   SOLE   586,421 0 0
YAHOO INC NOTE 12/0 984332AF3 26,832 19,903,000 PRN   SOLE   19,903,000 0 0
GOPRO INC NOTE 3.500% 4/1 38268IAA5 9,813 10,000,000 PRN   SOLE   10,000,000 0 0