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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ARBOR REALTY TRUST INCCOM03892310850170,000SH SOLENONE70,00000
AERCAP HOLDINGS NVSHSN00985106241,6945,599,965SH SOLENONE5,599,96500
AETNA INCCOM00817Y10817,299160,000SH SOLENONE160,00000
ALLERGAN PLCSHSG0177J108244,306781,780SH SOLENONE781,78000
AMERICAN INTERNATIONAL GROUP ICOM026874784253,8624,096,526SH SOLENONE4,096,52600
AMAZON.COM INCCOM02313510624,06235,600SH SOLENONE35,60000
ANADARKO PETROLEUM CORPCOM03251110713,217272,057SH SOLENONE272,05700
ASHLAND INCCOM044209104156,4451,523,321SH SOLENONE1,523,32100
ALTISOURCE PORTFOLIO SOLUTIONSREG SHSL0175J10446,2331,662,462SH SOLENONE1,662,46200
ATLAS ENERGY GROUP LLCCOM04929Q1023,7463,943,172SH SOLENONE3,943,17200
FCB FINANCIAL HOLDINGS INCCL A30255G10317,031475,851SH SOLENONE475,85100
FCB FINANCIAL HOLDINGS INCCL A30255G10312,963362,206SH SOLENONE362,20600
CITIGROUP INCCOM172967424154,3062,981,750SH SOLENONE2,981,75000
CARBYLAN THERAPEUTICS INCCOM14138410735397,600SH SOLENONE97,60000
CHIMERA INVESTMENT CORPCOM16934Q208182,40813,372,991SH SOLENONE13,372,99100
DELTA AIR LINES INCCOM24736170249,240971,400SH SOLENONE971,40000
DISH NETWORK CORPCL A25470M109103,1941,804,715SH SOLENONE1,804,71500
DOW CHEMICAL CO/THECOM260543103135,2782,627,779SH SOLENONE2,627,77900
ISHARES TRMSCI EMG MKT ETF46428723448,2851,500,000SH SOLENONE1,500,00000
ELLINGTON FINANCIAL LLCCOM28852230319,4941,161,740SH SOLENONE1,161,74000
EASTMAN CHEMICAL COCOM27743210073,6241,090,562SH SOLENONE1,090,56200
E*TRADE FINANCIAL CORPCOM269246401100,3473,385,524SH SOLENONE3,385,52400
ENVIVA PARTNERS LPCOM UNIT29414J1073,902215,000SH SOLENONE215,00000
FACEBOOK INCCL A30303M102103,142985,500SH SOLENONE985,50000
FIRST DATA CORPCOM CL A32008D106242,03515,416,663SH SOLENONE15,416,66300
TERRAFORM GLOBAL INCCL A88104M1014,193750,000SH SOLENONE750,00000
TERRAFORM GLOBAL INCCL A88104M10129,1275,263,155SH SOLENONE5,263,15500
ALPHABET INCCAP STK CL A02079K305332,692427,619SH SOLENONE427,61900
GULFPORT ENERGY CORPCOM40263530414,017570,500SH SOLENONE570,50000
GULF COAST ULTRA DEEP ROYALTYROYALTY TR UNIT40222T1047515,000,000SH SOLENONE5,000,00000
HC2 HOLDINGS INCCOM4041391072,645500,000SH SOLENONE500,00000
HILTON WORLDWIDE HOLDINGS INCCOM43300A10420,974980,100SH SOLENONE980,10000
HRG GROUP INCCOM40434J10075,4765,566,088SH SOLENONE5,566,08800
HRG GROUP INCCOM40434J10089,3746,591,000SH SOLENONE6,591,00000
ICONIX BRAND GROUP INCCOM45105510710,1061,479,600SH SOLENONE1,479,60000
JPMORGAN CHASE & COCOM46625H10072,3821,096,200SH SOLENONE1,096,20000
KKR & CO LPCOM UNITS48248M1027,453478,069SH SOLENONE478,06900
LORAL SPACE & COMMUNICATIONS ICOM54388110667,5401,659,047SH SOLENONE1,659,04700
MGM RESORTS INTERNATIONALCOM55295310188,6033,899,790SH SOLENONE3,899,79000
MICROSOFT CORPCOM59491810444,883809,000SH SOLENONE809,00000
MOTOROLA SOLUTIONS INCCOM620076307130,3371,904,121SH SOLENONE1,904,12100
MVC CAPITAL INCCOM553829102737100,000SH SOLENONE100,00000
NORDIC AMERICAN OFFSHORE LTDSHSY6366T11219,3343,668,679SH SOLENONE3,668,67900
NAVIENT CORPCOM63938C108173,59215,160,911SH SOLENONE15,160,91100
NEW MEDIA INVESTMENT GROUP INCCOM64704V10674,6413,835,635SH SOLENONE3,835,63500
TARGA RESOURCES PARTNERS LPCOM UNIT87611X1058,712527,061SH SOLENONE527,06100
NORTHSTAR REALTY FINANCE CORPCOM66704R80385250,000SH SOLENONE50,00000
NEW RESIDENTIAL INVESTMENT CORCOM64828T20188,9867,317,930SH SOLENONE7,317,93000
ORION ENGINEERED CARBONS SACOML729671096,977553,750SH SOLENONE553,75000
ONEMAIN HOLDINGS INCCOM68268W103104,6022,518,100SH SOLENONE2,518,10000
PFIZER INCCOM71708110341,8221,295,600SH SOLENONE1,295,60000
PENNYMAC FINANCIAL SERVICES INCL A70932B10148,3263,146,200SH SOLENONE3,146,20000
PENNYMAC MORTGAGE INVESTMENT TCOM70931T10376350,000SH SOLENONE50,00000
PARATEK PHARMACEUTICALS INCCOM6993743022,250118,600SH SOLENONE118,60000
RESOURCE AMERICA INCCL A7611952054,776779,187SH SOLENONE779,18700
TRANSOCEAN PARTNERS LLCCOM UNIT RP LTY8977Y1009,7411,103,191SH SOLENONE1,103,19100
REALOGY HOLDINGS CORPCOM75605Y106105,2882,871,240SH SOLENONE2,871,24000
SIRIUS XM HOLDINGS INCCOM82968B103130,86632,153,846SH SOLENONE32,153,84600
NEW SENIOR INVESTMENT GROUP INCOM64869110363,3626,426,185SH SOLENONE6,426,18500
SUMMIT MATERIALS INCCL A86614U10020,1941,007,688SH SOLENONE1,007,68800
SYNCHRONY FINANCIALCOM87165B10328,777946,300SH SOLENONE946,30000
THL CREDIT INCCOM87243810632130,000SH SOLENONE30,00000
TEEKAY LNG PARTNERS LPPRTNSP UNITSY8564M10526320,000SH SOLENONE20,00000
TRIBUNE MEDIA COCL A896047503124,7453,689,595SH SOLENONE3,689,59500
TARGA RESOURCES CORPCOM87612G10133,8971,252,671SH SOLENONE1,252,67100
TIME WARNER INCCOM8873173037,062109,200SH SOLENONE109,20000
UNITED CONTINENTAL HOLDINGS INCOM910047109147,4462,573,228SH SOLENONE2,573,22800
WALGREENS BOOTS ALLIANCE INCCOM93142710893,5481,098,557SH SOLENONE1,098,55700