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 INTERNATIONAL GROUP WRNT 026874784 530 9,709 SH   SOLE 9,709 0 0
ATLAS ENERGY LP COMM 04930A104 103 2,300 SH Call SOLE 2,300 0 0
ATLAS ENERGY LP LTDP 04930A104 2,473 55,097 SH   SOLE 55,097 0 0
ATLAS PIPELINE PARTNERS LP COMM 049392103 227 6,600 SH Call SOLE 6,600 0 0
ATLAS PIPELINE PARTNERS LP LTDP 049392103 6,593 191,671 SH   SOLE 191,671 0 0
ATLAS RESOURCE PARTNERS LP LTDP 04941A101 461 22,747 SH   SOLE 22,747 0 0
CABOT OIL & GAS CORP COMM 127097103 321 9,400 SH   SOLE 9,400 0 0
CBS CORP-CLASS B COMM 124857202 4,480 72,100 SH   SOLE 72,100 0 0
CONSTELLATION BRANDS INC-A COMM 21036P108 3,267 37,068 SH   SOLE 37,068 0 0
DORCHESTER MINERALS LP LTDP 25820R105 3,075 100,699 SH   SOLE 100,699 0 0
ENERGY TRANSFER EQUITY LP COMM 29273V100 33,171 562,800 SH Call SOLE 562,800 0 0
ENERGY TRANSFER EQUITY LP COMM 29273V100 383 6,500 SH Call SOLE 6,500 0 0
ENERGY TRANSFER EQUITY LP LTDP 29273V100 8,148 138,236 SH   SOLE 138,236 0 0
EXPRESS SCRIPTS HOLDING COMPAN COMM 30219G108 5,207 75,100 SH Call SOLE 75,100 0 0
EXPRESS SCRIPTS HOLDING COMPAN COMM 30219G108 4,798 69,209 SH   SOLE 69,209 0 0
GASLOG PARTNERS LP LTDP Y2687W108 7,517 206,557 SH   SOLE 206,557 0 0
GOOGLE INC-CL A COMM 38259P508 2,736 4,680 SH   SOLE 4,680 0 0
GOOGLE INC-CL A COMM 38259P508 643 1,100 SH Call SOLE 1,100 0 0
GOOGLE INC-CL C COMM 38259P706 3,227 5,610 SH   SOLE 5,610 0 0
GRAY TELEVISION INC COMM 389375106 13,815 1,052,154 SH   SOLE 1,052,154 0 0
HEMISPHERE MEDIA GROUP INC CL WRNT 42365Q103 4,964 395,200 SH   SOLE 395,200 0 0
JGWPT HOLDINGS INC-A COMM 46617M109 2,604 231,238 SH   SOLE 231,238 0 0
JOURNAL COMMUNICATIONS INC-A COMM 481130102 934 105,310 SH   SOLE 105,310 0 0
MARKWEST ENERGY PARTNERS LP LTDP 570759100 3,733 52,145 SH   SOLE 52,145 0 0
MASTERCARD INC-CLASS A COMM 57636Q104 4,157 56,576 SH   SOLE 56,576 0 0
MIX TELEMATICS LTD-ADR ADRS 60688N102 2,250 223,855 SH   SOLE 223,855 0 0
MONEYGRAM INTERNATIONAL INC COMM 60935Y208 1,850 125,613 SH   SOLE 125,613 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 7,579 146,845 SH   SOLE 146,845 0 0
PARSLEY ENERGY INC-CLASS A COMM 701877102 3,009 125,000 SH   SOLE 125,000 0 0
SUNCOKE ENERGY INC COMM 86722A103 3,432 159,615 SH   SOLE 159,615 0 0
VISA INC-CLASS A SHRS COMM 92826C839 1,841 8,739 SH   SOLE 8,739 0 0
WILLIAMS COS INC COMM 969457100 198 3,400 SH Call SOLE 3,400 0 0
WILLIAMS COS INC COMM 969457100 1,577 27,100 SH Call SOLE 27,100 0 0
WILLIAMS COS INC COMM 969457100 524 9,000 SH Call SOLE 9,000 0 0
WILLIAMS COS INC COMM 969457100 5,799 99,628 SH   SOLE 99,628 0 0
WILLIAMS COS INC COMM 969457100 16,741 287,600 SH Call SOLE 287,600 0 0
WILLIAMS COS INC COMM 969457100 8,394 144,200 SH Call SOLE 144,200 0 0
WILLIAMS COS INC COMM 969457100 3,824 65,700 SH Call SOLE 65,700 0 0
WILLIAMS COS INC COMM 969457100 1,962 33,700 SH Call SOLE 33,700 0 0