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
AECOM COM ISIN#US00766T1007 SE COM 00766t100 992 30,000 SH   SOLE   30,000 0 0
AIR LEASE CORPORATION CL A COM 00912x302 32,032 944,900 SH   SOLE   930,000 0 14,900
ALLERGAN PLC. COM COM g0177j108 40,664 134,000 SH   SOLE   134,000 0 0
ALLIANCE HLDGS GP LP COM UNITS COM 01861g100 10,406 265,800 SH   SOLE   258,000 0 7,800
ALLIANCE RESOURCE PARTNERSL P COM 01877r108 6,280 251,600 SH   SOLE   251,600 0 0
APPLIED MINERALS INC COM COM 03823m100 406 700,000 SH   SOLE   700,000 0 0
APPLIED OPTOELECTRONICSINC COM COM 03823u102 6,944 400,000 SH   SOLE   400,000 0 0
ATLAS ENERGY GROUP LLCCOM COM 04929q102 628 125,500 SH   SOLE   125,500 0 0
BARNES &NOBLE INC COM ISIN#US0 COM 067774109 18,432 710,000 SH   SOLE   710,000 0 0
CHINA CERAMICS CO LTDCOM USD0. COM g2113x100 40 35,000 SH   SOLE   35,000 0 0
COSTAMARE INC COM USD0.0001 COM y1771g102 13,094 712,800 SH   SOLE   712,800 0 0
CUMULUS MEDIA INC CL A ISIN#US COM 231082108 7,596 3,742,000 SH   SOLE   3,630,000 0 112,000
DELTA AIR LINES INC DELCOM NEW COM 247361702 2,876 70,000 SH   SOLE   70,000 0 0
DICKS SPORTING GOODS INCCOM IS COM 253393102 1,553 30,000 SH   SOLE   30,000 0 0
ELLINGTON FINL LLC COM COM 288522303 1,851 100,000 SH   SOLE   100,000 0 0
ENLINK MIDSTREAM PARTNERSLP CO COM 29336u107 439 20,000 SH   SOLE   20,000 0 0
EVEREST RE GROUP LTD COM ISIN# COM g3223r108 5,460 30,000 SH   SOLE   30,000 0 0
FCB FINL HLDGS INC CLA ISIN#US COM 30255g103 1,125 35,372 SH   SOLE   35,372 0 0
GENESIS ENERGY L P UNITL P INT COM 371927104 13,562 309,000 SH   SOLE   269,000 0 40,000
GILEAD SCIENCES INC COM 375558103 21,074 180,000 SH   SOLE   180,000 0 0
HEALTHSOUTH CORP COMNEW COM 421924309 3,224 70,000 SH   SOLE   70,000 0 0
HEMISPHERE MEDIA GROUPINC CL A COM 42365q103 393 33,000 SH   SOLE   33,000 0 0
HI-CRUSH PARTNERS LP COMUNIT L COM 428337109 6,601 215,079 SH   SOLE   215,079 0 0
INTEROIL CORP COM NPV COM 460951106 9,150 152,000 SH   SOLE   152,000 0 0
JAPAN SMALLER CAPTLZTNFD INC C COM 47109u104 108 10,000 SH   SOLE   10,000 0 0
KINDER MORGAN INC DELAWARECOM COM 49456b101 31,027 808,211 SH   SOLE   801,100 0 7,111
LIBERTY BROADBAND CORPCOM SER COM 530307305 1,919 37,500 SH   SOLE   37,500 0 0
LIBERTY BROADBAND CORPCOM USD0 COM 530307107 956 18,750 SH   SOLE   18,750 0 0
LIBERTY MEDIA CORP DELAWARECOM COM 531229300 5,385 150,000 SH   SOLE   150,000 0 0
LIBERTY MEDIA CORPORATIONCOM U COM 531229102 2,703 75,000 SH   SOLE   75,000 0 0
LIQTECH INTERNATIONAL INC COM 53632a102 297 360,000 SH   SOLE   360,000 0 0
LIVE NATION ENTERTAINMENTINC C COM 538034109 2,749 100,000 SH   SOLE   100,000 0 0
LUMINEX CORP DEL COM ISIN#US55 COM 55027e102 6,041 350,000 SH   SOLE   350,000 0 0
MACQUARIE INFRASTRUCTURECORP C COM 55608b105 82,605 999,703 SH   SOLE   999,703 0 0
MAGELLAN MIDSTREAM PARTNERSLP COM 559080106 31,895 434,650 SH   SOLE   434,650 0 0
MAXWELL TECH INC COM 577767106 1,672 280,000 SH   SOLE   280,000 0 0
MEDALLION FINANCIAL CORP COM 583928106 5,845 700,000 SH   SOLE   700,000 0 0
NAVIOS MARITIME ACQUISITIONCOR COM y62159101 750 209,000 SH   SOLE   205,000 0 4,000
NAVIOS MARITIME HOLDINGSINC CO COM y62196103 7,028 1,889,200 SH   SOLE   1,880,800 0 8,400
NORTHSTAR ASSET MGMT GROUPINC COM 66705y104 11,214 606,500 SH   SOLE   606,500 0 0
NORTHSTAR RLTY FIN CORPCOM NEW COM 66704r704 8,053 506,500 SH   SOLE   506,500 0 0
NUSTAR GP HLDGS LLC UNITRESTG COM 67059l102 4,834 127,000 SH   SOLE   127,000 0 0
OCI PARTNERS LP COM UNITREPSTG COM 67091n108 4,864 288,638 SH   SOLE   277,105 0 11,533
OUTERWALL INC COM ISIN#US69007 COM 690070107 11,797 155,000 SH   SOLE   155,000 0 0
OXFORD LANE CAP CORP COM 691543102 12,528 881,633 SH   SOLE   814,970 0 66,663
PROSPECT CAP CORP COM 74348t102 442 60,000 SH   SOLE   0 0 60,000
RENTECH INC COM ISIN#US7601121 COM 760112102 321 300,000 SH   SOLE   300,000 0 0
RYMAN HOSPITALITY PPTYSINC COM COM 78377t107 19,406 365,400 SH   SOLE   355,000 0 10,400
SCORPIO TANKERS INC SHS COM y7542c106 14,459 1,433,000 SH   SOLE   1,407,000 0 26,000
SINCLAIR BROADCAST GROUPINC CL COM 829226109 19,130 685,400 SH   SOLE   666,500 0 18,900
SPIRIT AIRLINES INC COM 848577102 8,073 130,000 SH   SOLE   130,000 0 0
STATE NATL COS INC COM COM 85711t305 2,166 200,000 SH   SOLE   200,000 0 0
SUNOPTA INC COM 8676ep108 858 80,000 SH   SOLE   80,000 0 0
TANGOE INC COM 87582y108 5,636 448,000 SH   SOLE   448,000 0 0
TARGA RES CORP COM COM 87612g101 1,009 11,305 SH   SOLE   11,305 0 0
TICC CAP CORP COM COM 87244t109 4,213 627,000 SH   SOLE   527,000 0 100,000
TWO HBRS INVT CORP COM 90187b101 4,494 461,400 SH   SOLE   420,000 0 41,400
UNITED CMNTY FINL CORPOHIO COM COM 909839102 694 129,757 SH   SOLE   129,757 0 0
VANGUARD INTL EQUITY INDEX COM 922042874 8,097 150,000 SH   SOLE   150,000 0 0
WILLIAMS PARTNERS L PNEW COM U COM 96949l105 630 13,000 SH   SOLE   13,000 0 0
WISDOMTREE TRUST JAPANSMALLCAP COM 97717w521 1,544 43,000 SH   SOLE   43,000 0 0
WMIH CORP COM 92936p100 940 360,000 SH   SOLE   360,000 0 0
WPX ENERGY INC COM USD1 COM 98212b103 1,228 100,000 SH   SOLE   100,000 0 0
YAHOO INC COM 984332106 21,610 550,000 SH   SOLE   550,000 0 0