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
AMERICAN INTL GROUP INC COM NEW 026874784 41,499 853,365 SH   SOLE   853,365 0 0
AVIS BUDGET GROUP COM 053774105 4,049 140,447 SH   SOLE   140,447 0 0
BERRY PLASTICS GROUP INC COM 08579W103 8,099 405,574 SH   SOLE   405,574 0 0
CHENIERE ENERGY INC COM NEW 16411R208 25,448 745,401 SH   SOLE   745,401 0 0
GENERAL MTRS CO COM 37045V100 31,929 887,670 SH   SOLE   887,670 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 11,871 535,706 SH   SOLE   535,706 0 0
HESS CORP COM 42809H107 20,583 266,140 SH   SOLE   266,140 0 0
HORIZON PHARMA INC COM 44047T109 6,303 1,881,578 SH   SOLE   1,881,578 0 0
IRON MTN INC COM 462846106 12,930 478,518 SH   SOLE   478,518 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 38,732 488,111 SH   SOLE   488,111 0 0
MFA FINL INC COM 55272X102 17,421 2,338,336 SH   SOLE   2,338,336 0 0
NXP SEMICONDUCTORS N V COM N6596X109 18,758 504,116 SH   SOLE   504,116 0 0
OCWEN FINL CORP COM NEW 675746309 25,524 457,660 SH   SOLE   457,660 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 12,753 163,276 SH   SOLE   163,276 0 0
SPANISH BROADCASTING SYS INC CL A NEW 846425833 87 21,171 SH   SOLE   21,171 0 0
TIME WARNER CABLE INC COM 88732J207 38,560 345,521 SH   SOLE   345,521 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 11,606 346,336 SH   SOLE   346,336 0 0
WALTER INVT MGMT CORP COM 93317W102 4,555 115,191 SH   SOLE   115,191 0 0