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 AIRLS GROUP INC COM 02376R102 828 20,743 SH   SOLE   20,743 0 0
ANADARKO PETE CORP COM 032511107 49,264 631,104 SH   SOLE   631,104 0 0
ASIA PACIFIC WIRE & CABLE CO ORD G0535E106 3,239 1,355,415 SH   SOLE   1,355,415 0 0
ATLAS ENERGY GROUP LLC COM 04929Q102 6,280 1,255,943 SH   SOLE   1,255,943 0 0
BAKER HUGHES INC COM 057224107 23,169 375,510 SH   SOLE   375,510 0 0
BALTIC TRADING LIMITED COM Y0553W103 209 130,400 SH   SOLE   130,400 0 0
BLUEKNIGHT ENERGY PARTNERS L COM UNIT 09625U109 26,791 3,576,944 SH   SOLE   3,576,944 0 0
CALIFORNIA RES CORP COM 13057Q107 11,238 1,860,568 SH   SOLE   1,860,568 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 17,559 3,169,492 SH   SOLE   3,169,492 0 0
CARRIZO OIL & GAS INC COM 144577103 12,310 250,000 SH   SOLE   250,000 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 207,720 3,812,073 SH   SOLE   3,812,073 0 0
CHENIERE ENERGY INC COM NEW 16411R208 60,221 869,485 SH   SOLE   869,485 0 0
CITIGROUP INC COM NEW 172967424 20,970 379,612 SH   SOLE   379,612 0 0
CONCHO RES INC COM 20605P101 33,608 295,171 SH   SOLE   295,171 0 0
COOPER STD HLDGS INC COM 21676P103 50,985 829,423 SH   SOLE   829,423 0 0
COTY INC COM CL A 222070203 133,782 4,184,612 SH   SOLE   4,184,612 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 65,016 1,582,663 SH   SOLE   1,582,663 0 0
DIAMONDBACK ENERGY INC COM 25278X109 35,953 476,958 SH   SOLE   476,958 0 0
DOW CHEM CO COM 260543103 52,473 1,025,466 SH   SOLE   1,025,466 0 0
ENDO INTL PLC SHS G30401106 185,559 2,329,681 SH   SOLE   2,329,681 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 86,278 1,344,527 SH   SOLE   1,344,527 0 0
EZCORP INC CL A NON VTG 302301106 11,145 1,500,000 SH   SOLE   1,500,000 0 0
FIBROCELL SCIENCE INC COM NEW 315721209 9,105 1,727,644 SH   SOLE   1,727,644 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 45,502 291,567 SH   SOLE   291,567 0 0
FORUM ENERGY TECHNOLOGIES IN COM 34984V100 21,176 1,044,158 SH   SOLE   1,044,158 0 0
GENERAL MTRS CO COM 37045V100 54,729 1,642,032 SH   SOLE   1,642,032 0 0
GENESEE & WYO INC CL A 371559105 37,552 492,943 SH   SOLE   492,943 0 0
GRACE W R & CO DEL NEW COM 38388F108 56,378 562,089 SH   SOLE   562,089 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 1,256 717,900 SH   SOLE   717,900 0 0
HRG GROUP INC COM 40434J100 83,627 6,432,865 SH   SOLE   6,432,865 0 0
INTERPUBLIC GROUP COS INC COM 460690100 13,940 723,395 SH   SOLE   723,395 0 0
JOURNAL MEDIA GROUP INC COM 48114A109 3,657 441,160 SH   SOLE   441,160 0 0
JPMORGAN CHASE & CO COM 46625H100 16,940 250,000 SH   SOLE   250,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 85,587 1,005,249 SH   SOLE   1,005,249 0 0
LIQUID HLDGS GROUP INC COM 53633A101 1,278 6,000,000 SH   SOLE   6,000,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 69,651 672,830 SH   SOLE   672,830 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 339,114 4,104,007 SH   SOLE   4,104,007 0 0
MARTEN TRANS LTD COM 573075108 6,510 300,000 SH   SOLE   300,000 0 0
MEDIA GEN INC NEW COM 58441K100 826 50,000 SH   SOLE   50,000 0 0
NATIONAL GEN HLDGS CORP COM 636220303 20,830 1,000,000 SH   SOLE   1,000,000 0 0
NEWFIELD EXPL CO COM 651290108 20,379 564,189 SH   SOLE   564,189 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 171,180 3,056,793 SH   SOLE   3,056,793 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 181,547 9,818,666 SH   SOLE   9,818,666 0 0
ORAGENICS INC COM NEW 684023203 2,363 1,725,000 SH   SOLE   1,725,000 0 0
PARAGON SHIPPING INC CL A NEW 69913R408 436 614,700 SH   SOLE   614,700 0 0
PARKERVISION INC COM 701354102 893 2,381,621 SH   SOLE   2,381,621 0 0
PETROQUEST ENERGY INC COM 716748108 1,973 996,700 SH   SOLE   996,700 0 0
PIONEER NAT RES CO COM 723787107 9,807 70,713 SH   SOLE   70,713 0 0
RING ENERGY INC COM 76680V108 12,178 1,088,266 SH   SOLE   1,088,266 0 0
RSP PERMIAN INC COM 74978Q105 13,030 463,523 SH   SOLE   463,523 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 20,757 908,403 SH   SOLE   908,403 0 0
SOLARCITY CORP COM 83416T100 46,284 864,313 SH   SOLE   864,313 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,029,450 5,000,000 SH Call SOLE   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 494,136 2,400,000 SH Put SOLE   2,400,000 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 283,365 4,533,846 SH   SOLE   4,533,846 0 0
STEALTHGAS INC SHS Y81669106 25,209 3,734,636 SH   SOLE   3,734,636 0 0
SUNEDISON INC COM 86732Y109 54,198 1,812,022 SH   SOLE   1,812,022 0 0
SYNTHETIC BIOLOGICS INC COM 87164U102 10,213 3,583,500 SH   SOLE   3,583,500 0 0
TEEKAY CORPORATION COM Y8564W103 27,780 648,773 SH   SOLE   648,773 0 0
TIME WARNER INC COM NEW 887317303 171,918 1,966,801 SH   SOLE   1,966,801 0 0
TRIBUNE MEDIA CO CL A 896047503 40,576 759,994 SH   SOLE   759,994 0 0
TRIBUNE PUBG CO COM 896082104 2,543 163,627 SH   SOLE   163,627 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 220,158 991,035 SH   SOLE   991,035 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 17,354 881,341 SH   SOLE   881,341 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 24,171 1,969,910 SH   SOLE   1,969,910 0 0
WHITING PETE CORP NEW COM 966387102 18,165 540,624 SH   SOLE   540,624 0 0
WILLIAMS COS INC DEL COM 969457100 37,329 650,440 SH   SOLE   650,440 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 53,700 4,475,000 SH   SOLE   4,475,000 0 0