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
APPLE INC COM 037833100 29 51 SH   SOLE   51 0 0
BP PLC SPONSORED ADR 055622104 35,323 726,670 SH   SOLE   726,670 0 0
BANK OF AMERICA CORPORATION COM 060505104 17,059 1,095,639 SH   SOLE   1,095,639 0 0
CAPITAL BK FINL CORP CL A COM 139794101 17,063 750,000 SH   SOLE   750,000 0 0
CARMAX INC COM 143130102 25 535 SH   SOLE   535 0 0
CISCO SYS INC COM 17275R102 3,770 168,100 SH   SOLE   168,100 0 0
ELLINGTON FINANCIAL LLC COM 288522303 4,153 183,210 SH   SOLE   183,210 0 0
GENERAL ELECTRIC CO COM 369604103 1,525 54,400 SH   SOLE   54,400 0 0
GENERAL MTRS CO COM 37045V100 1,318 32,243 SH   SOLE   32,243 0 0
GENERAL MTRS CO *W EXP 12/31/201 37045V118 2,744 88,129 SH   SOLE   88,129 0 0
GENERAL MTRS CO *W EXP 12/31/201 37045V126 2,038 88,129 SH   SOLE   88,129 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 7,456 205,800 SH   SOLE   205,800 0 0
HERSHEY CO COM 427866108 16 168 SH   SOLE   168 0 0
HEWLETT PACKARD CO COM 428236103 4,197 150,000 SH   SOLE   150,000 0 0
ISTAR FINL INC COM 45031U101 14,642 1,026,103 SH   SOLE   1,026,103 0 0
ISHARES MSCI EMG MKT ETF 464287234 417 9,970 SH   SOLE   9,970 0 0
ISHARES MSCI EAFE ETF 464287465 581 8,660 SH   SOLE   8,660 0 0
ISHARES RUSSELL 2000 ETF 464287655 326 2,830 SH   SOLE   2,830 0 0
KKR FINL HLDGS LLC COM 48248A306 5,117 419,800 SH   SOLE   419,800 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 6,721 127,201 SH   SOLE   127,201 0 0
NGP CAP RES CO COM 62912R107 6,373 853,089 SH   SOLE   853,089 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 760 4,115 SH   SOLE   4,115 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 327 1,340 SH   SOLE   1,340 0 0
STATOIL ASA SPONSORED ADR 85771P102 26,446 1,096,000 SH   SOLE   1,096,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 25 380 SH   SOLE   380 0 0
YUM BRANDS INC COM 988498101 8 103 SH   SOLE   103 0 0
ENSCO PLC SHS CLASS A G3157S106 68,044 1,190,000 SH   SOLE   1,190,000 0 0
XL GROUP PLC SHS G98290102 16,397 514,990 SH   SOLE   514,990 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 2,781 406,618 SH   SOLE   406,618 0 0
TEEKAY CORPORATION COM Y8564W103 9,688 201,800 SH   SOLE   201,800 0 0