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 477 8,838 SH   SOLE 8,838 0 0
ATLAS PIPELINE PARTNERS LP COMM 049392103 241 6,600 SH Call SOLE 6,600 0 0
ATLAS PIPELINE PARTNERS LP LTDP 049392103 6,454 177,024 SH   SOLE 177,024 0 0
CABOT OIL & GAS CORP COMM 127097103 3,767 115,247 SH   SOLE 115,247 0 0
CABOT OIL & GAS CORPORATION CM COM 127097103 366 11,195 SH   SOLE 11,195 0 0
CALL/ESRX @ 57. CALL 30219G108 99 60 SH Call SOLE 60 0 0
CALL/ETE @ 35 CALL 29273V100 1,082 400 SH Call SOLE 400 0 0
CALL/KMP @ 90 CALL 494550106 51 75 SH Call SOLE 75 0 0
CALL/KMP @ 92. CALL 494550106 34 57 SH Call SOLE 57 0 0
CALL/WMB @ 33 CALL 969457100 470 200 SH Call SOLE 200 0 0
CALL/WMB @ 37 CALL 969457100 192 100 SH Call SOLE 100 0 0
CALL/WMB @ 47 CALL 969457100 16 16 SH Call SOLE 16 0 0
CALL/WMB @ 50 CALL 969457100 95 122 SH Call SOLE 122 0 0
CALL/WMB @ 52. CALL 969457100 26 40 SH Call SOLE 40 0 0
CALL/WMB @ 55 CALL 969457100 10 20 SH Call SOLE 20 0 0
CBS CORP-CLASS B COMM 124857202 10,631 198,706 SH   SOLE 198,706 0 0
CBS CORPORATION CMN CLASS B COM 124857202 1,014 18,959 SH   SOLE 18,959 0 0
CONE MIDSTREAM PARTNERS LP UNIT 206812109 4,170 148,408 SH   SOLE 148,408 0 0
DORCHESTER MINERALS LP LTDP 25820R105 3,051 103,183 SH   SOLE 103,183 0 0
ENERGY TRANSFER EQUITY LP COMM 29273V100 32,252 522,800 SH Call SOLE 522,800 0 0
ENERGY TRANSFER EQUITY LP COMM 29273V100 401 6,500 SH Call SOLE 6,500 0 0
ENERGY TRANSFER EQUITY LP LTDP 29273V100 7,477 121,200 SH   SOLE 121,200 0 0
EXPRESS SCRIPTS HOLDING COMPAN COMM 30219G108 4,881 69,100 SH Call SOLE 69,100 0 0
EXPRESS SCRIPTS HOLDING COMPAN COMM 30219G108 4,450 63,000 SH   SOLE 63,000 0 0
EXPRESS SCRIPTS HOLDINGS CMN COM 30219G108 472 6,683 SH   SOLE 6,683 0 0
GASLOG PARTNERS LP LTDP Y2687W108 5,839 190,211 SH   SOLE 190,211 0 0
GOOGLE INC. CMN CLASS C COM 38259P706 577 1,000 SH   SOLE 1,000 0 0
GOOGLE INC-CL A COMM 38259P508 647 1,100 SH Call SOLE 1,100 0 0
GOOGLE INC-CL A COMM 38259P508 2,754 4,680 SH   SOLE 4,680 0 0
GOOGLE INC-CL C COMM 38259P706 2,702 4,680 SH   SOLE 4,680 0 0
GRAY TELEVISION INC COMM 389375106 9,663 1,226,319 SH   SOLE 1,226,319 0 0
GRAY TELEVISION INC CMN COM 389375106 941 119,359 SH   SOLE 119,359 0 0
HEMISPHERE MEDIA GROUP INC CL WRNT 42365Q103 4,213 395,200 SH   SOLE 395,200 0 0
HOEGH LNG PARTNERS LP LTDP Y3262R100 9,874 431,000 SH   SOLE 431,000 0 0
INFORMATICA CORP COMM 45666Q102 4,440 129,675 SH   SOLE 129,675 0 0
INFORMATICA CORP CMN COM 45666Q102 439 12,825 SH   SOLE 12,825 0 0
J G WENTWORTH CO CMN COM 46618D108 65 5,223 SH   SOLE 5,223 0 0
J G WENTWORTH COMPANY COMM 46618D108 690 55,696 SH   SOLE 55,696 0 0
KINDER MORGAN ENERGY PRTNRS COMM 494550106 5,448 58,400 SH Call SOLE 58,400 0 0
KINDER MORGAN ENERGY PRTNRS COMM 494550106 7,061 75,700 SH Call SOLE 75,700 0 0
MARKWEST ENERGY PARTNERS LP LTDP 570759100 1,419 18,467 SH   SOLE 18,467 0 0
MASTERCARD INC-CLASS A COMM 57636Q104 3,807 51,500 SH   SOLE 51,500 0 0
MASTERCARD INCORPORATED CMN CL COM 57636Q104 375 5,076 SH   SOLE 5,076 0 0
MIX TELEMATICS LIMITED SPONSOR COM 60688N102 192 20,569 SH   SOLE 20,569 0 0
MIX TELEMATICS LTD-ADR ADRS 60688N102 1,913 204,828 SH   SOLE 204,828 0 0
NEXSTAR BROADCASTING GROUP-A COMM 65336K103 4,365 107,993 SH   SOLE 107,993 0 0
NEXSTAR BROADCASTING GRP INC C COM 65336K103 431 10,655 SH   SOLE 10,655 0 0
OXFORD IMMUNOTEC GLOBAL PLC COMM G6855A103 222 14,560 SH   SOLE 14,560 0 0
OXFORD IMMUNOTEC GLOBAL PLC CM COM G6855A103 22 1,440 SH   SOLE 1,440 0 0
PARSLEY ENERGY INC. CMN COM 701877102 295 13,830 SH   SOLE 13,830 0 0
PARSLEY ENERGY INC-CLASS A COMM 701877102 2,853 133,770 SH   SOLE 133,770 0 0
RETAILMENOT INC COMM 76132B106 1,926 119,185 SH   SOLE 119,185 0 0
RETAILMENOT INC. CMN COM 76132B106 190 11,787 SH   SOLE 11,787 0 0
SUNCOKE ENERGY INC CMN COM 86722A103 9 405 SH   SOLE 405 0 0
THE WILLIAMS COMPANIES INC. CM COM 969457100 547 9,881 SH   SOLE 9,881 0 0
TRANSOCEAN PARTNERS LLC UNIT Y8977Y100 10,134 387,100 SH   SOLE 387,100 0 0
VISA INC. CMN CLASS A COM 92826C839 167 784 SH   SOLE 784 0 0
VISA INC-CLASS A SHRS COMM 92826C839 1,697 7,955 SH   SOLE 7,955 0 0
WILLIAMS COS INC COMM 969457100 1,500 27,100 SH Call SOLE 27,100 0 0
WILLIAMS COS INC COMM 969457100 13,273 239,800 SH Call SOLE 239,800 0 0
WILLIAMS COS INC COMM 969457100 5,005 90,428 SH   SOLE 90,428 0 0
WILLIAMS COS INC COMM 969457100 7,981 144,200 SH Call SOLE 144,200 0 0
WILLIAMS COS INC COMM 969457100 3,637 65,700 SH Call SOLE 65,700 0 0
WILLIAMS COS INC COMM 969457100 188 3,400 SH Call SOLE 3,400 0 0
WILLIAMS COS INC COMM 969457100 1,865 33,700 SH Call SOLE 33,700 0 0
WILLIAMS COS INC COMM 969457100 498 9,000 SH Call SOLE 9,000 0 0
WTS/AMERICAN INTERNATIONAL GRO WTS 026874156 21 871 SH Call SOLE 871 0 0
WTS/KINDER MORGAN INC. EXP 05/ WTS 49456B119 86 23,740 SH Call SOLE 23,740 0 0