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 32 1,145 SH   SOLE   1,145 0 0
ALTISOURCE ASSET MGMT CORP COM 02153X108 134 9,207 SH   SOLE   9,207 0 0
APPLE INC COM 037833100 2,396 25,070 SH   SOLE   25,070 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 176 12,967 SH   SOLE   12,967 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 1,313 98,015 SH   SOLE   98,015 0 0
ASTRAZENECA COM 046353108 232 7,679 SH   SOLE   7,679 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 673 8,460 SH   SOLE   8,460 0 0
BAIDU INC SPON ADR REP A 056752108 1,029 6,229 SH   SOLE   6,229 0 0
BIOGEN INC COM 09062X103 798 3,300 SH   SOLE   3,300 0 0
BIOGEN INC CALL 09062X903 2 150 SH   SOLE   150 0 0
BMC STK HLDGS INC COM 05591B109 163 9,160 SH   SOLE   9,160 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 7 3,505 SH   SOLE   3,505 0 0
CITIGROUP INC COM NEW 172967424 1,841 43,431 SH   SOLE   43,431 0 0
CLIFFS NAT RES INC COM 18683K101 69 12,114 SH   SOLE   12,114 0 0
COLONY CAP INC CL A 19624R106 461 30,000 SH   SOLE   30,000 0 0
EMERGENT CAP INC COM 29102N105 290 86,341 SH   SOLE   86,341 0 0
EQUUS TOTAL RETURN INC COM 294766100 58 32,573 SH   SOLE   32,573 0 0
EUROSEAS LTD SHS NEW Y23592309 12 6,545 SH   SOLE   6,545 0 0
FREEPORT-MCMORAN INC CL B 35671D857 43 3,885 SH   SOLE   3,885 0 0
GRAHAM HLDGS CO COM 384637104 138 281 SH   SOLE   281 0 0
GENERAL MTRS CO COM 37045V100 3,349 118,353 SH   SOLE   118,353 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 651 23,481 SH   SOLE   23,481 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 1,673 39,280 SH   SOLE   39,280 0 0
GENERAL MOLY INC COM 370373102 7 20,895 SH   SOLE   20,895 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 306 16,599 SH   SOLE   16,599 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 176 16,814 SH   SOLE   16,814 0 0
ALPHABET INC CAP STK CL C 02079K107 2,652 3,832 SH   SOLE   3,832 0 0
GULFPORT ENERGY CORP COM NEW 402635304 72 2,317 SH   SOLE   2,317 0 0
GRAN TIERRA ENERGY INC COM 38500T101 155 45,936 SH   SOLE   45,936 0 0
ISHARES TR HDG MSCI GERMN 46434V704 2,189 96,542 SH   SOLE   96,542 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 526 9,351 SH   SOLE   9,351 0 0
LEJU HLDGS LTD SPONSORED ADS 50187J108 43 9,225 SH   SOLE   9,225 0 0
MEDIVATION INC COM 58501N101 1,459 24,200 SH   SOLE   24,200 0 0
MORGANS HOTEL GROUP CO COM 61748W108 137 64,196 SH   SOLE   64,196 0 0
AG MTG INVT TR INC COM 001228105 2,014 139,486 SH   SOLE   139,486 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 86 9,068 SH   SOLE   9,068 0 0
MGIC INVT CORP WIS COM 552848103 224 37,565 SH   SOLE   37,565 0 0
MECHEL OAO SPON ADR PFD 583840509 19 94,298 SH   SOLE   94,298 0 0
MICRON TECHNOLOGY INC COM 595112103 1,425 103,576 SH   SOLE   103,576 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 3,242 283,648 SH   SOLE   283,648 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 8 800 SH   SOLE   800 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 104 3,554 SH   SOLE   3,554 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 171 19,293 SH   SOLE   19,293 0 0
PICO HLDGS INC COM NEW 693366205 128 13,505 SH   SOLE   13,505 0 0
PJT PARTNERS INC COM CL A 69343T107 2 87 SH   SOLE   87 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,933 119,089 SH   SOLE   119,089 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 986 107,260 SH   SOLE   107,260 0 0
RALPH LAUREN CORP CL A 751212101 193 2,156 SH   SOLE   2,156 0 0
SCORPIO BULKERS INC COM Y7546A122 308 110,315 SH   SOLE   110,315 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 2,319 129,800 SH   SOLE   129,800 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 310 14,877 SH   SOLE   14,877 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,964 100,077 SH   SOLE   100,077 0 0
ST JUDE MED INC COM 790849103 957 12,275 SH   SOLE   12,275 0 0
TITAN INTL INC ILL COM 88830M102 50 8,016 SH   SOLE   8,016 0 0
UCP INC CL A 90265Y106 312 38,855 SH   SOLE   38,855 0 0
VEREIT INC COM 92339V100 160 15,823 SH   SOLE   15,823 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 205 10,165 SH   SOLE   10,165 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 68 1,253 SH   SOLE   1,253 0 0
YANDEX N V SHS CLASS A N97284108 146 6,693 SH   SOLE   6,693 0 0
YUME INC COM 98872B104 10 2,832 SH   SOLE   2,832 0 0