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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
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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
ALLIANCE DATA SYSTEMS CORP COM 018581108 51,623 696,665 SH   SOLE   696,665 0 0
AMBAC FINL GROUP INC COM NEW 023139884 23,304 1,515,247 SH   SOLE   1,515,247 0 0
BGC PARTNERS INC CL A 05541T101 71,731 17,932,840 SH   SOLE   17,932,840 0 0
CIT GROUP INC COM NEW 125581801 29,492 821,495 SH   SOLE   821,495 0 0
CONTINENTAL RES INC COM 212015101 4,352 267,012 SH   SOLE   267,012 0 0
EQUITABLE HLDGS INC COM 29452E101 14,950 584,232 SH   SOLE   584,232 0 0
FIRST BANCORP P R COM NEW 318672706 27,660 3,000,000 SH Call SOLE   3,000,000 0 0
FIRST BANCORP P R COM NEW 318672706 62,307 6,757,844 SH   SOLE   6,757,844 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 1,009 43,029 SH   SOLE   43,029 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 79,600 3,393,000 SH Call SOLE   3,393,000 0 0
GLOBAL BLOOD THERAPEUTICS IN COM 37890U108 12,720 293,700 SH   SOLE   293,700 0 0
OFG BANCORP COM 67103X102 33,271 1,794,539 SH   SOLE   1,794,539 0 0
POPULAR INC COM NEW 733174700 44,135 783,640 SH   SOLE   783,640 0 0
RANGE RES CORP COM 75281A109 3,804 567,832 SH   SOLE   567,832 0 0
SOUTHWESTERN ENERGY CO COM 845467109 3,769 1,264,894 SH   SOLE   1,264,894 0 0