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
AIR LEASE CORP COM 00912x302 42,185 989,800 SH   SOLE   975,000 0 14,800
ALLIANCE HOLDINGS GP LP COM 01861g100 5,802 232,000 SH   SOLE   225,000 0 7,000
ALLIANCE RES PARTNER LP COM 01877r108 4,158 235,600 SH   SOLE   235,600 0 0
ALPHABET INC CAP STK CLA COM 02079k305 16,594 16,000 SH   SOLE   16,000 0 0
ALTRIA GROUP INC COM 02209s103 14,558 233,600 SH   SOLE   233,600 0 0
AMERICAN AXLE & MFG HOLDINGS COM 024061103 10,273 674,965 SH   SOLE   674,965 0 0
AQUA METALS INC COM 03837j101 1,432 553,000 SH   SOLE   553,000 0 0
ATHENE HOLDING LTD COM g0684d107 11,178 233,796 SH   SOLE   233,796 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 15,887 140,000 SH   SOLE   140,000 0 0
CAESARS ENTERTAIN CORP COM 127686103 23,886 2,123,185 SH   SOLE   2,123,185 0 0
CARMAX INC COM 143130102 7,935 128,105 SH   SOLE   128,105 0 0
CASTLIGHT HEALTH INC CLB COM 14862q100 2,679 734,000 SH   SOLE   734,000 0 0
CHARTER COMMUNICATIONS INC COM 16119p108 8,403 27,000 SH   SOLE   27,000 0 0
CHEMOURS CO COM COM 163851108 12,757 261,900 SH   SOLE   261,900 0 0
COMCAST CORP NEW CLA COM 20030n101 20,570 602,000 SH   SOLE   602,000 0 0
DELL TECHNOLOGIES INC COM 24703l103 40,632 555,000 SH   SOLE   555,000 0 0
DOWDUPONT INC COM 26078j100 14,271 224,000 SH   SOLE   224,000 0 0
ECO STIM ENERGY SOLUTIONS Rest COM 27888d101 336 350,000 SH   SOLE   350,000 0 0
EVEREST RE GROUP LTD COM COM g3223r108 10,273 40,000 SH   SOLE   40,000 0 0
GCI LIBERTY INC COM CLASS A COM 36164v305 28,122 532,018 SH   SOLE   523,318 0 8,700
GENERAL MTRS CO COM COM 37045v100 8,903 245,000 SH   SOLE   245,000 0 0
GENESIS ENERGY L P COM 371927104 6,800 345,000 SH   SOLE   316,000 0 29,000
HELIX ENERGY SOLUTIONS GROUP COM 42330p107 1,737 300,000 SH   SOLE   300,000 0 0
HI-CRUSH PARTNERS LP COM 428337109 1,273 120,079 SH   SOLE   120,079 0 0
HORNBECK OFFSHORE SVCS 1.5 9/1/2019 CV NOTE 440543an6 2,321 3,000,000 PRN   SOLE   3,000,000 0 0
ICHOR HOLDINGS SHS COM g4740b105 4,100 169,361 SH   SOLE   169,361 0 0
LAM RESEARCH CORP COM 512807108 21,494 105,800 SH   SOLE   105,800 0 0
LIBERTY BROADBAND CORP SER C COM 530307305 3,085 36,000 SH   SOLE   36,000 0 0
LIBERTY BROADBAND CORP SER A COM 530307107 1,526 18,000 SH   SOLE   18,000 0 0
LIBERTY MEDIA CORP SIRIUSXM SER A COM 531229409 2,959 72,000 SH   SOLE   72,000 0 0
LIBERTY MEDIA CORP BRAVES GRP SER C COM 531229888 560 24,553 SH   SOLE   24,553 0 0
LIBERTY MEDIA CORP SIRIUSXM SER C COM 531229607 5,882 144,000 SH   SOLE   144,000 0 0
LIBERTY MEDIA CORP FORMULA ONE GRP SER A COM 531229870 527 18,000 SH   SOLE   18,000 0 0
LIBERTY MEDIA CORP FORMULA ONE GRP SER C COM 531229854 1,111 36,000 SH   SOLE   36,000 0 0
LIQTECH INTL INC COM COM 53632a102 128 259,000 SH   SOLE   259,000 0 0
MACQUARIE INFRASTRUCTURE CORP COM 55608b105 39,867 1,079,527 SH   SOLE   1,073,634 0 5,893
MAGELLAN MIDSTREAM PRTNRS LP COM 559080106 13,283 227,650 SH   SOLE   227,650 0 0
MARTIN MARIETTA MATLS INC COM 573284106 12,231 59,000 SH   SOLE   59,000 0 0
MDC PARTNERS INC COM 552697104 1,080 150,000 SH   SOLE   150,000 0 0
MEDALLION FINL CORP COM 583928106 1,395 300,000 SH   SOLE   250,000 0 50,000
MELCO RESORTS AND ENTERTAINMENT COM 585464100 10,954 378,000 SH   SOLE   378,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 12,731 363,528 SH   SOLE   363,528 0 0
MICROSOFT CORP COM 594918104 20,810 228,000 SH   SOLE   228,000 0 0
NEW MEDIA INVESTMENT GROUP INC COM 64704v106 1,525 89,000 SH   SOLE   89,000 0 0
OXFORD LANE CAP CORP COM 691543102 4,231 417,709 SH   SOLE   185,111 0 232,598
OXFORD SQUARE CAP CORP COM 69181v107 3,684 603,000 SH   SOLE   403,000 0 200,000
PARKER HANNIFIN CORP COM 701094104 14,880 87,000 SH   SOLE   87,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 15,371 88,235 SH   SOLE   88,235 0 0
SHIRE PLC SPONSORED ADR COM 82481r106 14,551 97,400 SH   SOLE   95,000 0 2,400
SINCLAIR BROADCAST GROUP INC COM 829226109 4,382 140,000 SH   SOLE   140,000 0 0
SLM CORP COM 78442p106 10,466 933,635 SH   SOLE   933,635 0 0
SPX CORP COM 784635104 27,049 832,801 SH   SOLE   832,801 0 0
STERICYCLE INC COM ISIN#US8589 COM 858912108 1,171 20,000 SH   SOLE   20,000 0 0
TEREX CORP NEW COM 880779103 13,112 350,500 SH   SOLE   350,500 0 0
TRILOGY METALS INC COM 89621c105 6,701 5,276,488 SH   SOLE   5,276,488 0 0
VANGUARD INTL EQ INDEX FTSE AL COM 922042775 1,903 35,000 SH   SOLE   0 0 35,000
VANGUARD INTL EQ INDEX FTSE EM COM 922042858 940 20,000 SH   SOLE   0 0 20,000
VULCAN MATERIALS CO COM 929160109 14,271 125,000 SH   SOLE   125,000 0 0
WHEATON PRECIOUS METALSCORP CO COM 962879102 15,671 769,300 SH   SOLE   760,300 0 9,000
WMIH CORP COM 92936p100 513 361,472 SH   SOLE   361,472 0 0
WPX ENERGY INC COM 98212b103 7,760 525,000 SH   SOLE   525,000 0 0
WPX ENERGY INC PFD SER A CV PFD 98212b202 21,239 338,301 SH   SOLE   338,301 0 0
CALL (CZR) CAESARS ENTMT JUN15 $13 CALL 3438799bv 357 10,205 SH Call SOLE   10,205 0 0
CALL (LRCX) LAM RESEARCH CORP JUN15 $220 CALL 3440709ww 816 800 SH Call SOLE   800 0 0
CALL (SPXC) SPX CORP JUN15 $30 CALL 3442339jf 1,205 3,444 SH Call SOLE   3,444 0 0
PUT (AAPL) APPLE INC APR20 $160 PUT 3286969vp 225 1,300 SH Put SOLE   1,300 0 0