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
ADVANCED MICRO DEV COM 007903107 158 91,600 SH   SOLE   91,600 0 0
ALCOA COM 013817101 564 58,400 SH   SOLE   58,400 0 0
ALCATEL-LUCENT COM 013904305 226 62,000 SH   SOLE   62,000 0 0
ALLY FINL INC COM 02005N100 1,076 52,800 SH   SOLE   52,800 0 0
APOLLO INVT CORP COM 03761U106 422 77,000 SH   SOLE   77,000 0 0
APPLE INC COM 037833100 2,548 23,100 SH   SOLE   23,100 0 0
AVON PRODS COM 054303102 416 128,100 SH   SOLE   128,100 0 0
BANCO SANTANDER S.A. COM 05964H105 838 158,766 SH   SOLE   158,766 0 0
BANK OF AMERICA COM 060505104 888 57,000 SH   SOLE   57,000 0 0
BANK OF AMERICA WARRENTS COM 060505146 309 54,000 SH   SOLE   54,000 0 0
BLACKBERRY LTD COM 09228F103 61 10,000 SH   SOLE   10,000 0 0
CBS COM 124857202 750 18,800 SH   SOLE   18,800 0 0
CIT GROUP COM 125581801 1,161 29,000 SH   SOLE   29,000 0 0
CAPITALA FIN CORP COM 14054R106 1,241 95,700 SH   SOLE   95,700 0 0
CHEGG INC COM 163092109 137 19,000 SH   SOLE   19,000 0 0
CHEMOURS CO COM 163851108 540 83,400 SH   SOLE   83,400 0 0
CITIGROUP COM 172967424 397 8,000 SH   SOLE   8,000 0 0
DUPONT COM 263534109 810 16,800 SH   SOLE   16,800 0 0
ELLINGTON FINANCIAL LLC COM 288522303 771 43,100 SH   SOLE   43,100 0 0
ENCANA CORP COM 292505104 90 14,000 SH   SOLE   14,000 0 0
FIFTH STREET FINANCE CORP COM 31678A103 364 59,000 SH   SOLE   59,000 0 0
FORD MOTOR COM 345370860 516 38,000 SH   SOLE   38,000 0 0
FREEPORT-MCMORAN COPPER CL B 35671D857 212 21,900 SH   SOLE   21,900 0 0
FRONTIER COMMUNICATIONS C COM 35906A108 492 103,500 SH   SOLE   103,500 0 0
GSV CAP CORP COM 36191J101 415 52,900 SH   SOLE   52,900 0 0
GENERAL ELECTRIC COM 369604103 1,367 54,200 SH   SOLE   54,200 0 0
GENWORTH FINL INC COM 37247D106 679 147,000 SH   SOLE   147,000 0 0
HOVNANIAN ENTERPRISES INC COM 442487203 334 188,500 SH   SOLE   188,500 0 0
INVENSENSE INC COM 46123D205 611 65,800 SH   SOLE   65,800 0 0
JPMORGAN CHASE & CO COM 46625H100 305 5,000 SH   SOLE   5,000 0 0
LUMBER LIQUIDATORS HLDGS COM 55003T107 252 19,200 SH   SOLE   19,200 0 0
MEDICAL PROPERTIES COM 58463J304 667 60,300 SH   SOLE   60,300 0 0
NRG ENERGY INC COM 629377508 1,247 84,000 SH   SOLE   84,000 0 0
NRG YIELD INC CLASS C 62942X405 978 84,200 SH   SOLE   84,200 0 0
NATIONSTAR MTG COM 63861C109 1,072 77,300 SH   SOLE   77,300 0 0
NOKIA CORP COM 654902204 495 73,000 SH   SOLE   73,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 962 77,900 SH   SOLE   77,900 0 0
OCH ZIFF CAP MGMT GROUP COM 67551U105 383 43,850 SH   SOLE   43,850 0 0
OCWEN FINL CORP COM 675746309 625 93,100 SH   SOLE   93,100 0 0
PACIFIC COAST OIL TR COM 694103102 40 19,500 SH   SOLE   19,500 0 0
PAYPAL HLDGS INC COM 70450Y103 720 23,200 SH   SOLE   23,200 0 0
PEABODY ENERGY CORP COM 704549203 109 79,000 SH   SOLE   79,000 0 0
PENNEY J C INC COM 708160106 922 99,200 SH   SOLE   99,200 0 0
RAYONIER ADVANCED MATLS I COM 75508B104 128 20,900 SH   SOLE   20,900 0 0
ROCKET FUEL INC COM 773111109 200 42,800 SH   SOLE   42,800 0 0
SILICON GRAPHICS INTL COR COM 82706L108 53 13,500 SH   SOLE   13,500 0 0
SUNEDISON INC COM 86732Y109 843 117,400 SH   SOLE   117,400 0 0
TRI POINTE HOMES INC COM 87265H109 717 54,800 SH   SOLE   54,800 0 0
TWITTER INC COM 90184L102 752 27,900 SH   SOLE   27,900 0 0
WAL MART STORES INC COM 931142103 642 9,900 SH   SOLE   9,900 0 0
WALTER INVT MGMT CORP COM 93317W102 689 42,400 SH   SOLE   42,400 0 0
YAHOO COM 984332106 1,159 40,100 SH   SOLE   40,100 0 0
AMBARELLA INC COM G037AX101 780 13,500 SH   SOLE   13,500 0 0