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
ALPHABET INC-CL A COM 02079K305 473 485 SH   SOLE none 51 0 434
ALPHABET INC-CL C COM 02079K107 827 861 SH   SOLE none 90 0 771
AMYRIS INC COM 03236M200 71 22,252 SH   SOLE none 22,252 0 0
AMYRIS INC DEBT 03236MAF8 2,244 3,625,000 PRN   SOLE none 3,625,000 0 0
ARBOR REALTY TRUST INC DEBT 038923AA6 7,796 7,308,000 PRN   SOLE none 7,308,000 0 0
AUTODESK INC COM 052769106 221 1,967 SH   SOLE none 205 0 1,762
COGNIZANT TECH SOLUTIONS-A COM 192446102 662 9,130 SH   SOLE none 953 0 8,177
COMCAST CORP-CLASS A COM 20030N101 425 11,050 SH   SOLE none 1,154 0 9,896
COMSTOCK RESOURCES INC DEBT 205768AM6 11 13,304 PRN   SOLE none 13,304 0 0
DELTA TECHNOLOGY HOLDINGS LT WRT G8477B113 22 576,058 SH   SOLE none 576,058 0 0
DIGITAL TURBINE INC COM 25400W102 580 383,943 SH   SOLE none 383,943 0 0
FLEX LTD COM Y2573F102 145 8,768 SH   SOLE none 916 0 7,852
GOPRO INC-CLASS A COM 38268T103 1,652 150,000 SH   SOLE none 150,000 0 0
GSV CAPITAL CORP DEBT 36191JAB7 7,016 7,028,000 PRN   SOLE none 7,028,000 0 0
HP INC COM 40434L105 479 23,968 SH   SOLE none 3,693 0 20,275
INTEL CORP COM 458140100 497 13,048 SH   SOLE none 1,362 0 11,686
ISHARES IBOXX USD HIGH YIELD ETP 464288513 177,520 2,000,000 SH Put SOLE none 2,000,000 0 0
ISHARES MSCI BRAZIL CAPPED E ETP 464286400 9,797 235,000 SH Put SOLE none 235,000 0 0
ISHARES MSCI EMERGING MARKET ETP 464287234 10,898 243,200 SH Put SOLE none 243,200 0 0
ISHARES US REAL ESTATE ETF ETP 464287739 15,625 195,600 SH Put SOLE none 195,600 0 0
ITEK 5.75 21 DEBT 45780VAB8 1,764 2,250,000 PRN   SOLE none 2,250,000 0 0
KBS FASION GROUP LTD COM Y46002203 0 18,000 SH   SOLE none 18,000 0 0
LOWE'S COS INC COM 548661107 994 12,432 SH   SOLE none 1,298 0 11,134
MICROSOFT CORP COM 594918104 372 4,997 SH   SOLE none 522 0 4,475
MOLSON COORS BREWING CO -B COM 60871R209 657 8,046 SH   SOLE none 840 0 7,206
MONSANTO CO COM 61166W101 19,051 159,000 SH   SOLE none 159,000 0 0
NEW YORK MORTGAGE TRUST DEBT 649604AD7 2,792 2,795,000 PRN   SOLE none 2,795,000 0 0
PALO ALTO NETWORKS INC COM 697435105 264 1,832 SH   SOLE none 191 0 1,641
PENNYMAC CORP DEBT 70932AAB9 13,344 13,501,000 PRN   SOLE none 13,501,000 0 0
RAIT FINANCIAL TRUST DEBT 749227AB0 44,891 48,800,000 PRN   SOLE none 48,800,000 0 0
RED HAT INC COM 756577102 259 2,337 SH   SOLE none 244 0 2,093
RESOURCE CAPITAL CORP DEBT 76120WAC8 58,173 56,345,000 PRN   SOLE none 56,345,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 235 1,319 SH   SOLE none 139 0 1,180
ROCKWELL COLLINS INC COM 774341101 523 4,006 SH   SOLE none 423 0 3,583
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 233 1,969 SH   SOLE none 206 0 1,763
SAFEGUARD SCIENTIFICS INC DEBT 786449AK4 3,082 3,009,000 PRN   SOLE none 3,009,000 0 0
SALESFORCE.COM INC COM 79466L302 611 6,544 SH   SOLE none 967 0 5,577
SALESFORCE.COM INC COM 79466L302 262 2,800 SH Call SOLE none 300 0 2,500
SPDR S&P 500 ETF TRUST ETP 78462F103 18,029 71,764 SH   SOLE none 71,764 0 0
SPDR S&P 500 ETF TRUST ETP 78462F103 262,862 1,046,300 SH Put SOLE none 1,046,300 0 0
SYMANTEC CORP COM 871503108 449 13,664 SH   SOLE none 1,426 0 12,238
TPG PACE HOLDINGS CORP UNIT G89827102 2,058 200,000 SH   SOLE none 200,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 634 12,807 SH   SOLE none 1,336 0 11,471