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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALPHABET INCCAP STK CL A02079K3057,89211,218SH SOLE 11,21800
CABLE ONE INCCOM12685J1052,4304,751SH SOLE 4,75100
COLONY CAP INCNOTE 5.000% 4/119624RAA49661,000,000PRN SOLE 1,000,00000
CONSOLIDATED TOMOKA LD COCOM2102261062,27948,007SH SOLE 48,00700
DEL FRISCOS RESTAURANT GROUPCOM24507710220013,938SH SOLE 13,93800
ENSIGN GROUP INCCOM29358P10129413,999SH SOLE 13,99900
FXCM INCNOTE 2.250% 6/1302693AB21,4824,000,000PRN SOLE 4,000,00000
GOGO INCNOTE 3.750% 3/038046CAB56821,000,000PRN SOLE 1,000,00000
INVESTMENT TECHNOLOGY GRP NECOM46145F1053,264195,212SH SOLE 195,21200
ISHARES TRRUSSELL 2000 ETF4642876555,74950,000SHPutSOLE 50,00000
LSB INDS INCCOM50216010474861,951SH SOLE 61,95100
NORTHSTAR ASSET MGMT GROUP ICOM66705Y1044,335424,621SH SOLE 424,62100
NORTHSTAR REALTY EUROPE CORPCOM66706L1011,186128,164SH SOLE 128,16400
NORTHSTAR RLTY FIN CORPCOM66704R8031,228107,468SH SOLE 107,46800
ORBITAL ATK INCCOM68557N1033414,000SH SOLE 4,00000
RADIAN GROUP INCCOM7502361012,186209,809SH SOLE 209,80900
REALOGY HLDGS CORPCOM75605Y1062,36281,400SH SOLE 81,40000
SUNCOKE ENERGY PARTNERS L PCOMUNIT REP LT86722Y1011,112102,953SH SOLE 102,95300
TIMKENSTEEL CORPCOM88739910373075,886SH SOLE 75,88600
TOPBUILD CORPCOM89055F1031,61844,706SH SOLE 44,70600
VIOLIN MEMORY INCNOTE 4.250%10/092763AAB74,3119,500,000PRN SOLE 9,500,00000